Earnings Feed

Technology

Annual recurring revenue (ARR) surpassed $3 billion, growing approximately 22% year over year.
Ended fiscal 2025 with $3.6 billion in cash, cash equivalents, and short-term investments, including $1.7 billion net proceeds from convertible notes.
Fiscal 2025 total revenue reached $2.7 billion, representing 23% year-over-year growth and surpassing guidance.
Free cash flow margin for Q4 was 24%, with data center CapEx at 8% of revenue; fiscal 2025 free cash flow margin was 27%.
Gross margin for Q4 was 79.3%, slightly below the historical target of 80% due to a one-time private cloud deployment.
Operating expenses increased 3% sequentially and 16% year over year, totaling $411 million in Q4.
Operating margin in Q4 was 22.1%, a quarterly record and approximately 60 basis points higher year over year.
Q4 revenue was $719 million, growing 21% year over year and 6% sequentially, exceeding the high end of guidance.

ADI

Technology

ADI's industrial business has shown a consistent recovery, with growth accelerating across all subsectors including aerospace, defense, and healthcare.
Channel inventories remain lean, with end demand still below consumption by double digits, indicating ongoing inventory digestion.
Management expects Q4 industrial growth to be in the low to mid-teens quarter-over-quarter, despite typical seasonal declines.
The company has observed some catch-up in demand in Q4, supported by increased activity in aerospace, defense, and automation sectors.
Supply constraints in aerospace and defense are primarily due to capacity limitations and tooling delays, not demand shortages.
CapEx investments are being deployed to expand manufacturing capacity, especially in proprietary aerospace and defense products, to meet surging demand.

Technology

Fabrinet reported a quarterly revenue of $910 million, surpassing guidance and marking a 20% increase year-over-year.
The company achieved record non-GAAP earnings of $2.65 per share in Q4 2025.
Full-year revenue reached a record $3.4 billion, up 19% from the previous year.
Non-GAAP EPS for the year hit an all-time high of $10.17, reflecting strong execution.
Management highlighted that revenue growth occurred despite a decline in some segments like datacom.
The results demonstrate Fabrinet's ability to deliver growth amid industry transitions and supply challenges.

NCNO

Technology

Mortgage subscription revenues were $20.9 million, up 22% year over year, driven by volume growth in IMB and homebuilder customers.
Non-GAAP operating income was $30 million, representing 20% of total revenues.
Non-US total revenues grew 22% (19% constant currency), with subscription revenues up 30% (27% constant currency).
Professional services revenues declined 2% year over year, with a focus on gross profit growth and efficiency.
Share repurchases totaled approximately 750,000 shares in Q2 at an average price of $26.89, totaling $20 million, with $60.6 million repurchased year-to-date against a $100 million authorization.
Subscription revenues were $130.8 million, up 15% year over year (10% organic growth).
Total revenues reached $148.8 million, up 12% year over year.