Despite the stronger-than-expected performance, the power components manufacturer's shares declined 6.23% in pre-market trading following the release. Revenue increased to $143.4 million, ahead of the expected $138.4 million and up 1.7% from $141.0 million in the same quarter last year. Gross margin improved to 58.0%, up from 55.2% in the previous quarter. Cash position improvesCash and cash equivalents totaled $453.6 million at June 30, 2026, an increase of 12.2% from $404.2 million at the end of the previous quarter. Capital expenditures were $11.2 million during the quarter, down from $12.4 million in the previous quarter but above the $6.2 million reported in the second quarter of 2025.