The lowered core adjusted EBITDA guidance for 2026 signals continued operational pressure from memory chip costs. Monitor next quarter for progress on stranded cost reductions and any update on the $160M tax refund timing.
How the stock moved after the report
⚠ Clustered BEARISH VIEWSTOCK ABOVE ENTRY AT T+1- T+0 · Nov 5 $5.41entry
- T+1 · 5d ago +1.67%α +1.35% · $5.50
- T+3 · todayOpen
- T+5 · tomorrow Pending
- T+20 · in 23d Pending
- T+60 · in 3mo Pending
Price Chart
REPLAYWatch the reaction play outHow similar events traded
Executive Summary
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.
Key Financial Metrics
Key Facts
- 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
- Company expects $160M tax refund in 2027 related to divestiture tax strategy
- Board authorized $100M share buyback program
- Memory chip pricing and availability continue to pressure margins
Financial Impact
Revenue of $350.0M, GAAP EPS $0.08, adjusted EBITDA $32.0M; full-year core adjusted EBITDA guidance cut by $25M-$30M
Risk Factors
- Memory chip pricing and availability headwinds persist, pressuring margins
- Core adjusted EBITDA guidance reduced by $25M-$30M for full year 2026
- Revenue declined sequentially from Q2 2026, indicating potential demand softness
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Data (Synthetic) | 0001193125-26-448564 |
Track record
14 reports on VISN
3 of 4 bullish or bearish reports moved the stock their way by T+5. Best: +36.85% at T+60 after the Feb 26, 2026 report. 4 of 4 went positive at some point.
Filters
- Nov 10, 2026today SC 13G Neutral 4/10 Entry $4.00 Now $4.13 +3.25% settles Nov 18
- Nov 9, 20261d ago 8-K Neutral 3/10 Entry $4.12 Now $4.13 +0.24% settles Nov 16
- Nov 5, 20265d ago 8-K Bearish 5/10 Viewing Entry $5.41 Now $4.13 +23.59% settles Nov 12
- Oct 30, 202611d ago SC 13G/A Bearish 4/10 Entry $6.54 to $5.50 Now $4.13 +36.85% ▲ +15.98% +13.28% vs SPY
- Oct 30, 202611d ago SC 13G Neutral 3/10 Entry $6.54 to $5.50 Now $4.13 −36.85% ▼ −15.98% −13.28% vs SPY
- Oct 15, 202626d ago Institutional Cluster Bearish 4/10 Entry $5.89 to $6.08 Now $4.13 +29.88% ▼ −3.23% −4.24% vs SPY
- Oct 14, 202627d ago 8-K Neutral 4/10 Entry $5.89 to $6.08 Now $4.13 −29.88% ▲ +3.23% +4.24% vs SPY
- Aug 6, 202613w ago 8-K Mixed 6/10 Entry $10.10 to $11.35 Now $4.13 −59.11% ▲ +12.38% +11.16% vs SPY
- Aug 6, 202613w ago 8-K Bullish 7/10 Entry $10.10 to $11.35 Now $4.13 −59.11% ▲ +12.38% +11.16% vs SPY
- Jul 1, 202618w ago 8-K Neutral 6/10 Entry $12.37 to $12.07 Now $4.13 −66.61% ▼ −2.43% −2.69% vs SPY
US Market Status
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