Overview
- The company reported adjusted earnings of $4.73 on revenue of $737.18 million, topping Wall Street estimates on both metrics.
- Management guided fourth‑quarter revenue to $730 million to $750 million with GAAP gross margin of 54.9% to 55.5%, indicating a step down from the prior quarter's pace.
- Shares fell sharply in Friday trading, down about 11% by mid‑afternoon and off as much as roughly 14% earlier, as traders reacted to the outlook.
- Enterprise Data led quarterly sales at $191.48 million, with Storage and Computing at $186.57 million and Automotive at $151.54 million.
- A separate Benzinga analysis highlighted long‑term outperformance, noting $1,000 invested 15 years ago would be worth $62,491.11 based on the price at the time of that report.