Overview
- Adjusted fourth-quarter earnings were $2.15 per share on $796.7 million in revenue, topping LSEG-polled estimates of $1.60 and $755.2 million.
- Shares jumped about 16% in premarket trading following the results.
- Total 2025 bookings reached $7.4 billion, up 46% year over year, with fourth-quarter bookings rising about 50%.
- Connected devices revenue rose 38% to roughly $454.2 million as the segment’s adjusted gross margin slipped to 49.3% from 52.2% on tariffs and product mix, while software and services grew 40% to $342.5 million.
- The company guided 2026 revenue growth of 27% to 30% and said AI features contributed roughly $750 million to last year’s bookings, with demand supported by federal immigration enforcement and executive-security spending.