Revenue rose 113.4% to $1.65B, which the company attributes to $817 million and $1.3 billion of revenue contributed by the BDS Business.

Filed August 11, 2026 · Period ending July 4, 2026 · Compared to 10-Q Aug 4, 2025 · ~1 min read

Key Changes

• high

  Operating loss was $86.0M versus operating income of $188.0M a year earlier, as $232 million and $372 million of purchased intangibles amortization related to the BDS Business and $253 million of acquisition-related inventory and fixed asset fair value step-up expense more than offset higher sales; the loss also includes $9 million and $18 million, respectively, of expenses associated with the Company’s new ERP system implementation.

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• medium

  The company incurred $49.0M of restructuring charges in the quarter for a workforce reduction impacting approximately 3% of the Company’s employees.

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• medium

  Cash provided by operating activities was $198.0M for the first half, down from $301.0M.

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