SHARPE
Reported results
- GAAP revenue decreased 7 percent to $1.2 billion.
- GAAP gross margin decreased 30 basis points to 47.0 percent.
- GAAP selling, general and administrative (SG&A) expenses decreased 4 percent to $557 million, while non-GAAP adjusted SG&A decreased 3 percent to $559 million.
- GAAP operating income was $15 million, while non-GAAP adjusted operating income was $25 million.
- GAAP net loss was $0.4 million, while non-GAAP adjusted net loss was $2 million.
- GAAP diluted loss per share and non-GAAP adjusted diluted loss per share were both $0.00.
Guidance
- For fiscal 2027, revenue is expected to decline at a mid-single-digit percentage rate.
- For fiscal 2027, gross margin is expected to increase 170 to 220 basis points.
- For fiscal 2027, GAAP operating income is expected to be in the range of $99 million to $119 million, and non-GAAP adjusted operating income is expected to be in the $140 million to $160 million range.
- For fiscal 2027, GAAP diluted loss/earnings per share is expected to range from a loss of $0.02 to earnings of $0.02, and non-GAAP adjusted diluted earnings per share is expected to be $0.08 to $0.12.
Price and volatility reaction
The stock moved -5.0% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 5.36 | 2026-11-05 |
| Close after release | 5.09 | 2026-11-06 |
| Realised move | -5.0% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-11-06 (8-K, Item 2.02). Read the original filing on sec.gov.