Quarterly guidance

Net sales
Approximately $4.4 billion at the midpoint.
Adjusted diluted EPS
$2.25 at the midpoint.
Adjusted operating profit
Approximately $1.1 billion at the midpoint.
Adjusted operating margin
25.8% at the midpoint.

Annual guidance

Net sales
$14.65 billion at the midpoint, up $650 million from July guidance.
Adjusted diluted EPS
$7.15 at the midpoint, up $0.45 from prior guidance.
Adjusted operating profit
More than $3.5 billion at the midpoint, up $190 million from prior guidance.
Adjusted operating margin
24% at the midpoint, 20 basis points above prior guidance.
Adjusted free cash flow
$2.7 billion at the midpoint.

Outlook

Demand environment
Demand signals remain clear and broad-based across technologies, customer types, and regions, with momentum expected to carry well into 2027 and beyond.
Capacity investments
The company is making significant global capacity investments across Americas, EMEA, and Asia Pacific to serve robust backlogs and secure long-term supplier agreements.
Inflation and pricing
Despite an ongoing inflationary environment, management expects continued margin expansion powered by productivity, commercial execution, and operational rigor.
Pacing factors
Power availability, permitting, sentiment, and construction site skilled labor availability act as pacing items but are not slowing down overall growth.
Technology roadmap
Validation for full native 800-volt DC solutions is slated for 2027, with commercial market deployment expected in 2028.