Three-Statement Breakdown
REVENUE UP
Revenue rose 4.7% year over year to $644.0M, and carried a 17.3% net margin.
REVENUE
+4.7%
644
GROSS PROFIT
+0.9%
274
NET INCOME
-12.8%
111
EPS (DILUTED)
—
—
| Income statement | 24-09 | 24-12 | 25-03 | 25-06 | 25-09 | 25-12 | 26-03 | QoQ | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
601 | 574 | 585 | 615 | 645 | 619 | 636 | 644 | +1.2% | +4.7% |
| Cost of revenue |
|
(343) | (333) | (341) | (344) | (349) | (351) | (364) | (370) | +1.7% | +7.6% |
| Gross profit |
|
258 | 241 | 245 | 271 | 296 | 268 | 272 | 274 | +0.6% | +0.9% |
| Research & development |
|
(40) | (41) | (39) | (43) | (39) | (42) | (45) | (50) | +10.5% | +17.0% |
| SG&A |
|
(67) | (77) | (66) | (73) | (73) | (67) | (72) | (87) | +20.9% | +19.2% |
| Operating income |
|
151 | 123 | 139 | 156 | 184 | 159 | 155 | 137 | -11.8% | -12.2% |
| Interest expense |
|
(3) | (3) | (3) | (2) | (1) | (1) | (1) | (2) | +44.3% | -5.6% |
| Income tax |
|
(38) | (30) | (31) | (32) | (46) | (40) | (36) | (29) | -20.0% | -11.9% |
| Net income |
|
119 | 98 | 111 | 128 | 144 | 125 | 123 | 111 | -9.5% | -12.8% |
| EPS (diluted) |
NOT DISCLOSED
|
$1.63 | $1.34 | $1.52 | — | $1.97 | $1.72 | $1.71 | — | — | — |
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SELECTED · GROSS PROFIT · YoY BRIDGE
FROM271
REVENUE+29
COST OF REVENUE-26
TO274
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SRC 10-K FILED 2026-08-28 ↗