SHARPE
Reported results
- GAAP revenue was $2.8 billion (or $2,778 million), a 3.9 percent decrease year-over-year.
- GAAP net income was $181 million, a 3.4 percent increase year-over-year.
- GAAP diluted EPS was $1.50, a 5.6 percent increase year-over-year.
- Non-GAAP Adjusted Net Income was $211 million, a 15.3 percent increase year-over-year.
- Non-GAAP Adjusted Diluted EPS was $1.76, an 18.1 percent increase year-over-year.
- Non-GAAP Adjusted EBITDA was $313 million, a 3.4 percent decrease year-over-year.
Guidance
- Updated fiscal 2027 revenue is expected to be $11.3 - $11.6 billion, representing Revenue Growth of 1.0 - 3.0%.
- Updated fiscal 2027 non-GAAP Adjusted EBITDA is expected to be $1,260 - $1,290 million.
- Updated fiscal 2027 non-GAAP Adjusted EBITDA Margin on Revenue is expected to be ~11%.
- Updated fiscal 2027 non-GAAP Adjusted Diluted EPS is expected to be $6.50 - $6.70.
- Updated fiscal 2027 non-GAAP Free Cash Flow is expected to be $850 - $925 million.
Notes
National Security revenue type includes revenues from Defense and Intelligence customers, which were previously separately reported; prior period revenues have been presented to reflect this change.
Price and volatility reaction
The stock moved -0.3% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -10.9 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 78.57 | 2026-10-22 |
| Close after release | 78.32 | 2026-10-23 |
| Realised move | -0.3% | close to close |
| 30d ATM IV change | -10.9 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-23 (8-K, Item 2.02). Read the original filing on sec.gov.