The company said fourth-quarter revenues were $4,207 million, down from $4,365 million in the prior-year quarter, and full-year revenues were $17,174 million, up from $16,662 million in the prior year. Diluted earnings per share for Q4 were $2.53, and for the full year $11.14.

1. 01

   The company said fourth-quarter revenues were $4,207 million, down from $4,365 million in the prior-year quarter, and full-year revenues were $17,174 million, up from $16,662 million in the prior year. Diluted earnings per share for Q4 were $2.53, and for the full year $11.14.

2. 02

   The company cited an extra work week in Q4 of fiscal 2024 and a 6-week government shutdown in Q4 2025 as factors in the 4% decline in Q4 revenues.

3. 03

   The company said net cash provided by operating activities for the year was $1.75 billion, free cash flow was $1.63 billion, and free cash flow conversion was 104%. As of January 2, 2026, cash and cash equivalents were $1.1 billion and debt was $4.6 billion.

4. 04

   After the close of the quarter, the company entered into a stock purchase agreement to acquire power design firm Entrust for $2.4 billion, subject to customary adjustments for Entrust's cash, debt, transaction expenses and net working capital, with the transaction expected to close in the first half of fiscal 2026.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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