Quarterly guidance

Sales
$5.2 billion to $5.3 billion
EPS
$0.96 to $1

Annual guidance

Annual guidance
No specific full-year guidance provided beyond the Q4 outlook and long-term Springboard targets.

Outlook

Optical Communications
Expects continued robust demand and growth, particularly in AI data centers.
Solar
Expects slow, steady improvement in productivity and profitability, supported by Section 232 trade actions.
Display
Implementing price increases in Q4 to address a weak yen and rising material costs.
Capital Allocation
Prioritizing organic growth investments and maintaining a strong balance sheet, with share buybacks as the primary vehicle for returning cash.
Corporate Expenses
Expects to leverage operating expenses as the company grows, with expenses growing slower than sales.
Optical Scale-up
Remains convicted that optical scale-up will accelerate in 2028.