FY 2026 Earnings

Reported March 6, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	FY 2026	Prior Q	FY 2025	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.3B	—	4.8%
Op. Income	$25M	—	$14M	—	82.3%
Gross Margin	46.3%	—	47.2%	—	-0.9pp
Net Margin	0.5%	—	-0.8%	—	1.4pp
EPS (Diluted)	$1.25	—	$-1.80	—	169.4%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$2.4B
OPERATING INCOME	$25M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$13M
Income Tax Expense	-$685.0K
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	-$7.0K
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$0
EBIT	$25M
EBITDA	$25M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$2.4B
OPERATING INCOME	$25M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$13M
Income Tax Expense	-$685.0K
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	-$7.0K
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$0
EBIT	$25M
EBITDA	$25M
EPS	$1
EPS Diluted	$1

Balance Sheet

Item	Amount
Cash & Equivalents	$105M
Short-Term Investments	$0
Net Receivables	$40M
Inventory	$434M
Other Current Assets	$39M
TOTAL CURRENT ASSETS	$619M
PP&E (Net)	$710M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$27M
TOTAL NON-CURRENT ASSETS	$774M
TOTAL ASSETS	$1.4B
Account Payables	$157M
Short-Term Debt	$119M
Deferred Revenue	$0
Other Current Liabilities	$100M
TOTAL CURRENT LIABILITIES	$376M
Long-Term Debt	$3M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$402M
TOTAL LIABILITIES	$779M
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$567M
TOTAL STOCKHOLDERS' EQUITY	$567M
Minority Interest	$0
TOTAL EQUITY	$614M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$521M
Net Debt	$416M