Total net sales rose 26.5% to $1.73B, primarily driven by strong growth for our Integrated Memory segment.

Filed October 20, 2026 · Period ending August 28, 2026 · Compared to 10-K Oct 21, 2025 · ~2 min read

Key Changes

• high

  Operating income increased 184.8% to $165.6M, with operating margin expanding to 9.6% from 4.2%.

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• high

  Cash used in operating activities was $151.9M, primarily from the effects of an increase of $493.6 million of inventories primarily to support future demand and an increase of $488.4 million in accounts receivable primarily driven by increased Integrated Memory sales.

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• medium

  The company issued $750.0 million aggregate principal amount of our 0.00% Convertible Senior Notes due 2031 and used proceeds to repay debt and induce conversions of existing notes, reducing interest expense by 94.0%.

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