GAAP gross profit margin was 53% versus 59% in the prior year quarter. This was due to both a lower service gross margin resulting from an increase in headcount and travel costs and a lower product gross margin as a result of higher materials and tariff costs and higher manufacturing overhead due to the duplicate costs from transitioning a production facility overseas.

Feb 26, 2026 / CFO / receipt, needs a key / Bill McComb, CFO | earnings call 2026-02-26 | transcript 639c05e0-e15e-477a-9994-0bdac780c643 | chars 13565-13936 | segment 13

Gap gross profit margin was 53% versus 56% in the prior year quarter. This was due to both a lower service gross margin resulting from an increase in headcount and travel costs and a lower product gross margin as a result of lower product revenues higher materials and tariff costs, and higher overhead.

Nov 5, 2025 / CFO / receipt, needs a key / Bill McComb, CFO | earnings call 2025-11-05 | transcript 11a0f2e7-ca8f-4db0-90a6-a5565dfd348a | chars 14143-14446 | segment 14