Fourth-quarter revenues increased 16% to $1.39 billion from $1.20 billion in the comparable period of FY24. Platform revenues climbed 18% year-over-year, and Devices revenue moved up 3%.
The company reported net income of $80.4 million or $0.53 per share for the December quarter, compared to a loss of $35.5 million or $0.24 per share in the same period last year. Both the top line and profit beat Wall Street’s estimates.
Management said it expects revenues of $1.20 billion and net income of $50 million for the first quarter of fiscal 2026. It is looking for Q1 gross profit and adjusted EBITDA of $530 million and $130 million, respectively. For fiscal 2026, the company expects revenues and net income to be $5.5 billion and $325 million, respectively. The guidance for full-year adjusted EBITDA is $635 million.