Meridian Systems · Press release
Meridian Systems reports third quarter fiscal 2026 results
Revenue of $1,064 million grew 9.5% year over year, led by data-center customers and a higher software contribution across the installed base.
Gross margin expanded 70 basis points to 61.8%, and the company raised full-year gross margin guidance to 61.5% to 62.0%.Transcript 41:26
| USD | Q3 FY26 | Q3 FY25 | Change |
|---|---|---|---|
| Revenue | $1,064M | $972M | +9.5% |
| Gross margin | 61.8% | 61.1% | +70 bps |
| Operating income | $241M | $203M | +18.7% |
| Free cash flow | $212M | $179M | +18.4% |
Inventory increased to support the upcoming product transition and is expected to normalize by the fourth quarter.