Overview
- Q3 revenue rose 63% to $1.18 billion and adjusted EPS hit $0.21, topping consensus estimates.
- U.S. sales jumped 77% to $883 million, led by 121% growth in U.S. commercial and 52% in U.S. government revenue.
- Total contract value closed in the quarter increased 151% year over year to $2.76 billion, signaling stronger backlog.
- Management raised full‑year guidance to $4.396–$4.4 billion in revenue and projected adjusted operating income of $695–$699 million with a 52.4% margin.
- Shares fell about 12% in the five days after the Nov. 3 report as Michael Burry disclosed puts on 5 million shares and valuation hovered near a ~110 forward price‑to‑sales; analysts kept a Hold consensus with an average $187.87 target implying modest downside.