Reported results
- GAAP net income was $38 million, or $0.70 per diluted share for the third quarter of 2026.
- Adjusted net income was $51 million, or $0.99 per diluted share for the third quarter of 2026.
- Gross profit was $288 million for the third quarter of 2026.
- Adjusted gross profit was $279 million for the third quarter of 2026.
- Adjusted EBITDA was $127 million for the third quarter of 2026.
- Free cash flow was $164 million for the third quarter of 2026.
Guidance
- For the full year 2026, Adjusted EPS guidance increases to a range of $3.52 to $3.62 per share, from its prior range of $3.20 to $3.40 per share.
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 -0.3 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 37.21 | 2026-10-29 |
| Close after release | 37.34 | 2026-10-30 |
| Realised move | +0.3% | close to close |
| 30d ATM IV change | -0.3 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 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.
