Overview
- Fiscal Q4 revenue came in at $6.8 billion with adjusted EPS of $2.17, topping estimates while total revenue fell about 3% year over year.
- Gross margin registered 48% for the quarter, roughly in line with expectations.
- Fiscal Q1 guidance calls for $6.85 billion in revenue plus or minus $500 million and adjusted EPS of $1.98 to $2.38, modestly above Street views.
- CFO Brice Hill said the company is preparing operations and services to support higher demand beginning in the second half of 2026, citing AI-related investment.
- Shares slipped roughly 3% after hours to $216.95 as export restrictions to China and a recent ~4% workforce reduction continue to weigh on the near term.