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Q2 FY2026 EarningsQ2 FY26 significantly beat consensus across all key metrics: revenue of $196.6M vs. $186.1M expected, and gross margin of 75.2% vs. 66.7%. The massive margin outperformance was driven by $20.5M in IEEPA tariff refunds, including a $7.9M catch-up adjustment for prior periods. Diluted EPS of $0.15 exceeded the $0.07 mean estimate, while the Board authorized a $100M increase to the share repurchase program, signaling confidence despite a new Withhold Release Order (WRO) against a major manufacturing partner.