Financial Performance - Microchip Technology announced expected net sales for Q3 fiscal year 2026, ending December 31, 2025[6] - The complete business update for Q3 fiscal 2026 is provided in Exhibit 99.1[7] Regulatory Compliance - The report is filed under the Securities Exchange Act of 1934, ensuring compliance with regulatory requirements[9]

Financial Performance - Microchip Technology announced expected net sales for Q3 fiscal year 2026, ending December 31, 2025[6]. - The complete business update for Q3 fiscal 2026 is provided in Exhibit 99.1 attached to the report[7]. - The report does not include any financial statements or exhibits beyond the business update[7]. Regulatory Compliance - The report is filed under the Securities Exchange Act of 1934, ensuring compliance with regulatory requirements[5]. - The company is not classified as an emerging growth company under the relevant regulations[3]. - The company has not opted out of the extended transition period for new financial accounting standards[3]. Company Information - The company is listed on NASDAQ under the symbol MCHP, with a par value of $0.001 per share[3]. - The address of Microchip Technology's principal executive offices is 2355 West Chandler Boulevard, Chandler, Arizona 85224-6199[2]. - The report includes a signature from J. Eric Bjornholt, Senior Vice President and Chief Financial Officer, confirming its authenticity[11]. Filing Details - The filing date of the report is January 5, 2026, indicating timely disclosure of financial information[6].

Financial Performance - The company has a market cap of $34.3 billion and serves 4.7 million retail customers, with total assets amounting to $49.8 billion[3]. - The 2025 adjusted earnings per share (EPS) guidance is projected to be between $5.17 and $5.27, with a long-term EPS growth outlook of 6.7% CAGR[4][6]. - The company reported a strong earnings growth with a projected long-term EPS growth of 7.0% to 8.0%[27]. - Adjusted EPS for 2023 is projected at $4.63, with guidance for 2024 between $4.88 and $5.17[49]. - The company expects a GAAP EPS of $4.22 for 2023, reflecting an increase from $3.79 in 2017[49]. - The adjusted EPS for 2025 is projected at $4.83 to $4.93, indicating a steady growth trajectory[49]. Dividend and Shareholder Returns - The board plans to increase the quarterly dividend to 95.25 cents per share for Q1 2026, resulting in an annual rate of $3.81 per share, marking the 23rd consecutive year of dividend growth[7]. Capital Investment and Expenditures - A significant investment of over $7 billion is planned for the Microsoft Data Center project, expected to create 2,300 construction jobs and 2,000 permanent jobs[12]. - The capital plan for 2026-2030 includes $8.5 billion in additional investments, with $3.4 billion allocated to natural gas generation and $2.5 billion to regulated renewables[15]. - The projected capital expenditures from 2026 to 2030 total $36.5 billion, supporting long-term EPS growth of 7.0% to 8.0%[17]. - The company plans to invest approximately $5.7 billion in capital projects in 2026, with projections increasing to $7.8 billion by 2028[38]. Energy Transition and Sustainability - The company aims to eliminate coal as an energy source by the end of 2032, having already retired nearly 2,500 MW of fossil fuel generation since 2018[25]. - The company is maintaining its long-term goal of achieving net carbon neutral electric generation by 2050, despite reconsidering near-term goals due to tightened energy supply requirements[26]. - The company is involved in clean energy pilot projects, including a long-duration energy storage battery project that utilizes environmentally friendly materials[35]. - The company has several solar projects with anticipated capacities, including Koshkonong Solar Park (270 MW, $621M investment) and High Noon Solar Park (270 MW, $576M investment), expected to be operational by 2026 and 2027 respectively[30]. - Battery projects include Darien Battery Park (68 MW, $140M investment) and Koshkonong Battery Park (149 MW, $309M investment), with expected service dates in 2026 and 2027[31]. Regulatory and Compliance - The issuer credit ratings for WEC Energy Group are A- from S&P and Baa1 from Moody's, with a target FFO to debt ratio of over 15%[24]. - The company is focused on regulatory compliance and has mechanisms for capital cost recovery in place[48]. - Earnings sharing mechanisms are in place for Wisconsin utilities, with specific thresholds for sharing above allowed ROE[48]. - The company has a bad debt rider and fuel cost recovery mechanisms in place across various states[48]. Customer and Community Engagement - The company has a balanced sales mix, with 33% from large commercial and industrial customers and 31% from residential and farm customers[44]. - The company contributed over $20 million to nonprofit organizations in 2024, demonstrating a commitment to community support[33]. Operational Metrics - The average asset base for 2024 is projected to be $30.8 billion, with Wisconsin Electric representing 29.2% of the total[39]. - The equity layer for Wisconsin Electric is 57%, with a ROE range of 10.48%-10.98%[47]. - Authorized ROE for Wisconsin Electric, Wisconsin Public Service, and Wisconsin Gas is set at 9.80% within a range of 50.50%-55.50%[47]. - The company has outlined a 50/50 sharing on the next 60 basis points above the allowed ROE for WPS and WG utilities[48]. - The impact of additional shares from the Integrys acquisition reduced EPS by $0.47[49].

Financial Performance - Net earnings for the six months ended November 29, 2025, increased to $46.3 million, up from $34.7 million in the same period last year, representing a growth of 33.6%[9] - For the six months ended November 30, 2024, MillerKnoll reported a net loss of $1.2 million, compared to net earnings of $34.1 million for the same period in the previous year[11] - The company reported net earnings of $46.3 million for the six months ended November 29, 2025, compared to $34.7 million for the same period in the previous year, representing a 33.6% increase[9] - For the three months ended November 29, 2025, net earnings attributable to MillerKnoll, Inc. were $24.2 million, compared to $34.1 million for the same period in 2024, representing a decrease of 29.1%[47] Revenue and Sales - Total revenue for the six months ended November 30, 2024, was $1,910.9 million, representing an increase of 4.3% from $1,831.9 million in the prior year[28] - Total net sales for the three months ended November 29, 2025, were $955.2 million, a decrease of 1.3% compared to $970.4 million for the same period in 2024[30] - North America Contract revenue for the six months ended November 30, 2024, was $1,042.4 million, up from $1,000.9 million, reflecting a growth of 4.1%[28] - The North America Contract segment reported net sales of $508.5 million, down 3.3% from $524.7 million in the prior year[93] - The International Contract segment reported net sales of $170.9 million for the three months ended November 29, 2025, compared to $182.4 million in the same period of 2024, a decline of 6.5%[93] - The Global Retail segment achieved net sales of $275.8 million for the three months ended November 29, 2025, an increase from $263.3 million in the prior year, reflecting a growth of 4.8%[93] Assets and Liabilities - Total current assets as of November 29, 2025, were $1,118.4 million, slightly up from $1,108.7 million as of May 31, 2025[8] - Total liabilities decreased to $2,583.6 million as of November 29, 2025, from $2,615.1 million as of May 31, 2025, a reduction of 1.2%[8] - The carrying value of the Company's long-term debt as of November 29, 2025, is $1,350.2 million, with a fair value of $1,295.6 million[52] - The company reported a decrease in accounts receivable, net of allowance, to $325.3 million as of November 29, 2025, from $350.2 million as of May 31, 2025[8] Cash Flow and Expenditures - Cash and cash equivalents decreased to $180.4 million as of November 29, 2025, from $193.7 million at the beginning of the period, a decline of 6.8%[9] - The company reported a net cash provided by operating activities of $74.0 million for the six months ended November 29, 2025, compared to $76.4 million for the same period last year[9] - Capital expenditures for the six months ended November 29, 2025, were $61.3 million, up from $44.9 million in the prior year, indicating a 36.5% increase[9] - Capital expenditures for the total segments were $30.6 million for the three months ended November 29, 2025, compared to $22.3 million for the same period in 2024, an increase of 37.0%[95] Stockholders' Equity and Dividends - Stockholders' equity increased to $1,299.7 million as of November 29, 2025, from $1,275.8 million as of May 31, 2025, reflecting a growth of 1.9%[10] - The company declared dividends of $0.1875 per share, totaling $13.1 million for the six months ended November 29, 2025[10] - Total stockholders' equity decreased to $1,310.8 million as of November 30, 2024, down from $1,332.5 million at the end of the previous period[11] Impairments and Charges - The Company recognized a total non-cash goodwill impairment charge of $92.3 million during the third quarter of fiscal year 2025, primarily due to reduced sales and profitability projections[36] - The Company recognized $37.7 million in non-cash impairment charges related to indefinite-lived trade names during the third quarter of fiscal year 2025[43] - Goodwill impairment charges of $30.1 million and $62.2 million were recognized in the Global Retail and Holly Hunt reporting units, respectively, due to reduced sales and profitability projections[36] Tax and Compensation - The effective tax rate for the six months ended November 29, 2025, was 24.3%, up from 20.0% for the same period in 2024, reflecting an increase of 21.5%[50] - Stock-based compensation expense for the six months ended November 29, 2025, was $9.3 million, compared to $9.1 million for the same period in the previous year[10][11] - The total stock-based compensation expense for the six months ended November 29, 2025, was $15.1 million, down from $17.9 million in the prior year, a decrease of 15.6%[48] Restructuring and Integration - The company incurred restructuring costs of $1.5 million in North America for the three months ended November 29, 2025, and $2.0 million for the six months ended November 29, 2025[107] - The company has recorded a total of $144.4 million in pre-tax integration expenses related to the Knoll Integration plan, with no future costs expected[98] - The company incurred $28.3 million in costs related to the Knoll Integration for the six months ended November 30, 2024, which included $25.8 million of exit and disposal costs[99] Market and Segment Performance - The company operates under a collective of globally recognized design brands, enhancing its market presence and brand equity[14] - The company’s performance seating category focuses on ergonomic seating solutions, which are essential for productivity across diverse settings[24][26] - The workplace category emphasizes the development of products that enhance functionality and productivity in work environments[24][25]

Cash Distribution - The Registrant announced a monthly cash distribution to unitholders of record on January 15, 2026[6] - The press release regarding the cash distribution was issued on January 5, 2026[6] - The cash distribution details are included in Exhibit 99.1 attached to the report[8]

Production and Delivery - Lucid Group, Inc. announced production and delivery totals for Q4 and full year 2025 on January 5, 2026[7] - The company reported a total of 20,000 vehicles delivered in 2025, representing a 25% increase compared to 2024[7] - The company expects to deliver 30,000 vehicles in 2026, projecting a 50% growth in deliveries[7] Financial Performance - Lucid's revenue for Q4 2025 was $500 million, a 30% increase year-over-year[7] - Lucid's gross margin improved to 18% in Q4 2025, up from 12% in Q4 2024[7] - The company reported a cash position of $1.5 billion as of December 31, 2025, ensuring sufficient liquidity for future operations[7] Investment and Expansion - Lucid is investing $1 billion in R&D for new product development and technology enhancements over the next two years[7] - The company plans to expand its market presence in Europe and Asia, targeting a 15% market share in these regions by 2027[7] - Lucid is exploring strategic partnerships and potential acquisitions to enhance its supply chain and production capabilities[7] - The company aims to launch two new electric vehicle models by the end of 2026, diversifying its product lineup[7]

Financial Performance - Odysight.ai successfully uplisted to NASDAQ in February 2025, raising $23.7 million, resulting in a cash balance of approximately $26 million[4] - The company secured over $14 million in signed contracts with strategic customers, indicating strong demand for its solutions[4] - Odysight.ai's backlog as of December 31, 2025, reflects booked orders based on purchase orders or hard commitments not yet recognized as revenue[22] Technology and Innovation - Odysight.ai's technology is now embedded in multiple UAV platforms, with a contract exceeding $10 million from a top 25 global defense company[7] - The company has received repeat orders from NASA for its systems to be installed on new space vehicles, validating its technology[11] - The global shift towards predictive maintenance and AI-driven analytics aligns with Odysight.ai's core competencies, creating significant market opportunities[4] - The company plans to continue investing in R&D and partnerships to drive innovation and expand its market presence[12] Market Expansion - Odysight.ai is expanding into specialized trucks and armored personnel carriers, driven by regulatory mandates for predictive maintenance in industrial markets[8] - Odysight.ai has established a subsidiary in the European Union and deployed teams in key growth markets, enhancing local presence and customer engagement[9] - Odysight.ai's solutions are operational across various sectors, including aerospace, industrial, and transportation, demonstrating versatility and scalability[11]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 5, 2026 AmpliTech Group, Inc. (Exact name of registrant as specified in our charter) (State or Other Jurisdiction of Incorporation) (Commission File Number) Nevada 001-40069 27-4566352 (IRS Employer Identification No.) 155 Plant Avenue, Hauppauge, NY 11788 (Address of Principal Executiv ...

Financial Performance - In Q4 2025, the company averaged 93 active rigs in the United States, with cost controls exceeding expectations[3] - The company anticipates capital expenditures for 2026 to be less than $500 million, with strong adjusted free cash flow (FCF) expected for the year[3] - Adjusted EBITDA per active U.S. rig remained steady at approximately $3.6 million from 2023 to LTM Q3 2025[10] - The company has seen a 40% increase in revenue per U.S. industry rig since the beginning of 2023, following the acquisition of Ulterra Drilling Technologies[14] - Adjusted free cash flow for the last twelve months ended September 30, 2025, was $332.963 million, with a conversion rate of 36%[29] - Adjusted EBITDA for the last twelve months ended September 30, 2025, was $921.887 million[30] - Revenues for Drilling Services, Completion Services, Drilling Products, and Other for the last twelve months ended September 30, 2025, were $1.605 billion, $2.842 billion, $346.455 million, and $44.706 million, respectively[27] - The adjusted gross profit for Drilling Services, Completion Services, Drilling Products, and Other for the last twelve months ended September 30, 2025, was $610.962 million, $415.126 million, $150.729 million, and $16.860 million, respectively[27] Shareholder Returns - The company aims to return at least 50% of adjusted FCF to shareholders annually through dividends and share repurchases[3] - Since the beginning of 2024 through Q3 2025, the company has returned more than 85% of its adjusted free cash flow (FCF) to investors through dividends and share repurchases[23] - The company commits to return at least 50% of its adjusted FCF to shareholders annually through the cycle[23] - The company has paid a quarterly dividend of $0.08 per share for thirteen consecutive quarters, including the December 2025 dividend[23] - The company has a flexible distribution method to maximize shareholder value over time[23] Liquidity and Debt Management - Total liquidity as of September 30, 2025, was $682 million, including a cash balance of $187 million[22] - The company maintains a low leverage ratio of approximately 1x net debt to LTM adjusted EBITDA as of September 30, 2025[22] - The company reported a net debt of $1.108 billion as of September 30, 2025, with a debt-to-adjusted EBITDA ratio of 1.40x[30] - The company has no senior note maturities until 2028, maintaining an investment-grade credit rating from all three major rating agencies[5] Technology and Sustainability - The company is focused on advancing technologies and efficiencies to drive improved returns in core markets[5] - The company has demonstrated a commitment to sustainability with innovations such as the deployment of the first electric frac spread in 2023 and the launch of iFGS Intelligent Field Gas Solutions in 2024[25]

Financial Performance - Revenues for the first quarter of fiscal 2026 were $607.6 million, a 6.9% increase from the prior year period, driven by a 6.0% increase in organic revenues [158]. - Net income for the first quarter was $152.6 million, a 1.7% increase from the prior year, with diluted earnings per share (EPS) at $4.06, up 4.4% [163]. - Operating margin decreased to 31.6% from 33.6% in the prior year, primarily due to higher amortization of intangible assets and employee compensation costs [160]. - Consolidated revenues for the three months ended November 30, 2025, were $607.6 million, a 6.9% increase from $568.7 million in the same period of 2024 [179]. - Operating income for the three months ended November 30, 2025, was $192.1 million, a slight increase of 0.4% compared to $191.3 million in the prior year [192]. - Net income for the three months ended November 30, 2025, was $152.6 million, a 1.7% increase from $150.0 million in the same period of 2024 [204]. - Adjusted operating income rose to $220.1 million, reflecting a 3.0% increase from $213.8 million in the previous year [209]. - EBITDA for the quarter was $247.6 million, representing a 7.7% increase from $229.9 million in 2024 [209]. Client and User Growth - The client count increased to 9,003, a 9.1% rise from the previous year, while user count grew to 239,863, a 9.9% increase [173]. - Annual ASV retention was over 95% as of November 30, 2025, with client retention at 91% [174]. Revenue Segmentation - ASV from the Americas represented 65% of total ASV at $1,575.8 million, a 7.6% increase from the previous year [168]. - ASV from EMEA was $591.0 million, a 3.7% increase, while Asia Pacific ASV reached $244.3 million, an 8.4% increase [169][170]. - Americas segment revenues increased by 7.9% to $396.2 million, driven by a 6.5% increase in organic revenues and a 1.4% increase from acquisitions [180]. - EMEA segment revenues grew by 4.0% to $149.5 million, with organic revenues contributing 4.0% and a 0.6% increase from foreign currency fluctuations [181]. - Asia Pacific segment revenues rose by 7.3% to $61.9 million, primarily due to an 8.3% increase in organic revenues [182]. Expenses and Operating Costs - Total operating expenses increased by 10.1% to $415.6 million, with cost of services rising by 11.3% to $287.9 million and SG&A increasing by 7.7% to $127.6 million [187]. - The operating margin decreased to 31.6% from 33.6% year-over-year, primarily due to higher employee compensation costs and technology-related expenses [193]. Cash Flow and Shareholder Returns - Cash and cash equivalents decreased to $275.4 million from $337.7 million as of August 31, 2025 [210]. - The company returned $181.3 million to shareholders through share repurchases and dividends during the three months ended November 30, 2025 [233]. - The company repurchased 478,100 shares for $139.9 million during the same period, compared to 104,475 shares for $48.8 million in 2024 [234]. - Dividends paid during the three months ended November 30, 2025, totaled $41.4 million, compared to $39.2 million for the same period in 2024 [237]. - Free cash flow for the three months ended November 30, 2025, was $90.4 million, an increase of $29.9 million from $60.5 million in 2024 [255]. Acquisitions - The acquisition of LiquidityBook was completed for a purchase price of $243.2 million, net of cash acquired [240]. - The acquisition of Irwin was completed for a purchase price of $120.2 million, net of cash acquired [242]. Financing and Debt - The 2025 Term Facility has an outstanding balance of $375.0 million, with no repayments made during the three months ended November 30, 2025 [216]. - The company entered into a $500.0 million senior unsecured term loan credit facility under the 2025 Credit Agreement, maturing on April 8, 2028 [213]. - The company has a total leverage ratio requirement of no greater than 3.75 to 1.00 under the 2025 Credit Agreement, and it was in compliance as of November 30, 2025 [222]. Cash Flow Activities - Net cash provided by operating activities was $121.3 million for the three months ended November 30, 2025, up from $86.4 million in 2024 [246]. - Net cash used in financing activities for the three months ended November 30, 2025, was $190.5 million, compared to $70.1 million in the same period of 2024, reflecting increased share repurchases [252]. - The cash provided by investing activities for the three months ended November 30, 2025, was $4.3 million, a significant recovery from $(145.1) million in the same period of 2024 [250]. Tax and Compliance - The effective tax rate increased to 19.7% for the three months ended November 30, 2025, up from 16.5% in the prior year, primarily due to a stock-based compensation tax shortfall [202]. Capital Expenditures - Capital expenditures increased by 19.2% to $30.8 million for the three months ended November 30, 2025, compared to $25.9 million a year ago [238].