Says customers continue to ramp investments in AI applications. Says AI videos will continue to drive demand growth. Says strong, sustainable demand environment. Says achieved record adjusted gross margin of 40.1% in Q1. Sees FY26 CapEx 4%-6% of sales. Expects free cash flow to expand in Q2. Expects net leverage ratio to trend lower in coming quarters. Comments taken from Q1 earnings conference call.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STX: