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? BEARISHIMPACT 5/10 8-K filed Nov 5, 2026 at 07:11 ET
The company also disclosed a $160M expected tax refund and a $100M buyback authorization, but core adjusted EBITDA guidance was lowered to $175M-$195M from prior $200M-$225M, reflecting ongoing memory chip pricing headwinds.
- Q3 2026 net sales of $350.0M, down from $319.6M in Q2 2026 and below $350.5M consensus
- Non-GAAP adjusted EBITDA of $32.0M, down from $35.8M in Q2 2026
- Core non-GAAP adjusted EBITDA guidance lowered to $175M-$195M for full year 2026, from prior $200M-$225M
- Cash and cash equivalents of $1.2B as of September 30, 2026, with no outstanding debt
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