Overview
- Shares rose sharply after the company reported stronger-than-expected results and issued an optimistic outlook, with multiple outlets citing double‑digit gains.
- Fiscal Q3 revenue reached $406.8 million, up 42.8% year over year, and non-GAAP earnings per share came in at $0.27, up 80%.
- The Network and Service Enablement unit led growth with $321.5 million in revenue, up 54.4%, helped by Spirent product lines and heavy testing demand tied to AI data centers and aerospace and defense.
- Management guided fiscal Q4 revenue to $427 million to $437 million and projected non-GAAP EPS of $0.29 to $0.31.
- Profit metrics diverged, with non-GAAP net income at $67.6 million versus GAAP net income of $6.4 million, highlighting the impact of excluded items on reported profitability.