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Broadcom Inc. Announces Third Quarter Fiscal Year 2026 Financial Results and Quarterly Dividend

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Revenue of $29.6 billion for the third quarter, up 86 percent from the prior year periodGAAP operating income of $16.0 billion for the third quarter; Non-GAAP operating income of $20.1 billion for the third quarterGAAP diluted EPS of $2.68 for the third quarter; Non-GAAP diluted EPS of $3.32 for the third quarterCash from operations of $14.2 billion for the third quarter, less capital expenditures of $0.5 billion, resulted in $13.7 billion of free cash flow, or 46 percent of revenueQuarterly common stock dividend of $0.65 per shareFourth quarter fiscal year 2026 revenue guidance of approximately $34.8 billion, an increase of 93 percent from the prior year periodFourth quarter fiscal year 2026 Non-GAAP operating income guidance of approximately 66 percent of projected revenue (1)

PALO ALTO, Calif., Sept. 2, 2026 /PRNewswire/ — Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its third quarter of fiscal year 2026, ended August 2, 2026, provided guidance for its fourth quarter of fiscal year 2026 and announced its quarterly dividend.

“Demand for our custom AI accelerators and networking continues to be very strong. Q3 AI semiconductor revenue of $16.7 billion grew 221% year-over-year, and 54% quarter-over-quarter,” said Hock Tan, President and CEO of Broadcom Inc. “In Q4 the momentum continues, and we expect AI semiconductor revenue to accelerate to $21.7 billion, up 236% year-over-year.”

“Broadcom achieved record revenue, operating profit and free cash flow in Q3. We delivered non-GAAP operating income growth of 92% year-over-year, as consolidated revenue grew 86% year-over-year to $29.6 billion,” said Amie Thuener, CFO of Broadcom Inc. “Q4 consolidated revenue growth is forecasted to increase 93% year-over-year to $34.8 billion, and we expect to maintain our non-GAAP operating margin at 66%, flat from a year ago.”  

__________________________________________________________________________________________________________________________________

(1) The Company is not readily able to provide a reconciliation of projected non-GAAP financial measures presented to the relevant projected GAAP measures
without unreasonable effort.

Third Quarter Fiscal Year 2026 Financial Highlights

GAAP

Non-GAAP

(Dollars in millions, except per share data)

Q3 26

Q3 25

Change   

Q3 26

Q3 25

Change   

Net revenue

$

29,591

$

15,952

+86

%

$

29,591

$

15,952

+86

%

Operating income

$

15,955

$

5,887

+171

%

$

20,095

$

10,455

+92

%

Net income

$

13,088

$

4,140

+216

%

$

16,372

$

8,404

+95

%

Earnings per common share – diluted

$

2.68

$

0.85

+215

%

$

3.32

$

1.69

+96

%

(Dollars in millions)

Q3 26

Q3 25

Change   

Cash flow from operations                                                            

$

14,197

$

7,166

+98

%

Free cash flow

$

13,665

$

7,024

+95

%

Net revenue by segment

(Dollars in millions)

Q3 26

Q3 25

Change   

Semiconductor solutions                                                        

$

20,839

70

%

$

9,166

57

%

+127

%

Infrastructure software

8,752

30

6,786

43

+29

%

Total net revenue

$

29,591

100

%

$

15,952

100

%

The Company’s cash and cash equivalents at the end of the fiscal quarter were $24.0 billion, compared to $19.6 billion at the end of the prior fiscal quarter.

During the third fiscal quarter, the Company generated $14.2 billion in cash from operations and spent $0.5 billion on capital expenditures, resulting in $13.7 billion of free cash flow.

On June 30, 2026, the Company paid a cash dividend of $0.65 per share, totaling $3.1 billion.

The differences between the Company’s GAAP and non-GAAP results are described generally under “Non-GAAP Financial Measures” below and presented in detail in the financial reconciliation tables attached to this release.

Fourth Quarter Fiscal Year 2026 Business Outlook

Based on current business trends and conditions, the outlook for the fourth quarter of fiscal year 2026, ending November 1, 2026, is expected to be as follows:

Fourth quarter revenue guidance of approximately $34.8 billion;Fourth quarter non-GAAP operating income guidance of approximately 66 percent of projected revenue.

The guidance provided above is only an estimate of what the Company believes is realizable as of the date of this release. The Company is not readily able to provide a reconciliation of projected non-GAAP financial measures to the relevant projected GAAP measures without unreasonable effort. Actual results will vary from the guidance and the variations may be material. The Company undertakes no intent or obligation to publicly update or revise any of these projections, whether as a result of new information, future events or otherwise, except as required by law.

Quarterly Dividends

The Board of Directors of Broadcom has approved a quarterly cash dividend of $0.65 per share. The dividend is payable on September 30, 2026 to stockholders of record at the close of business (5:00 p.m. Eastern Time) on September 21, 2026.

Financial Results Conference Call

Broadcom Inc. will host a conference call to review its financial results for the third quarter of fiscal year 2026 and to discuss the business outlook today at 2:00 p.m. Pacific Time.

To Listen via Internet: The conference call can be accessed live online in the Investors section of the Broadcom website at https://investors.broadcom.com/.

Replay: An audio replay of the conference call can be accessed for one year through the Investors section of Broadcom’s website at https://investors.broadcom.com/.

Non-GAAP Financial Measures

The non-GAAP measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. When possible, a reconciliation between GAAP and non-GAAP financial data is included in the supplemental financial data attached to this press release. The Company is not readily able to provide a reconciliation of projected non-GAAP measures to the comparable GAAP measures without unreasonable effort. Broadcom believes non-GAAP financial information provides additional insight into the Company’s on-going performance. Therefore, Broadcom provides this information to investors for a more consistent basis of comparison and to help them evaluate the results of the Company’s on-going operations and enable more meaningful period to period comparisons.   

In addition to GAAP reporting, Broadcom provides investors with net income, operating income, gross margin, operating expenses, cash flow and other data on a non-GAAP basis. This non-GAAP information excludes amortization of acquisition-related intangible assets, stock-based compensation expense, restructuring and other charges, acquisition-related costs, including integration costs, non-GAAP tax reconciling adjustments, and other adjustments. Management does not believe that these items are reflective of the Company’s underlying performance. Internally, these non-GAAP measures are significant measures used by management for purposes of evaluating the core operating performance of the Company, establishing internal budgets, calculating return on investment for development programs and growth initiatives, comparing performance with internal forecasts and targeted business models, strategic planning, evaluating and valuing potential acquisition candidates and how their operations compare to the Company’s operations, and benchmarking performance externally against the Company’s competitors. The exclusion of these and other similar items from Broadcom’s non-GAAP financial results should not be interpreted as implying that these items are non-recurring, infrequent or unusual.

Free cash flow measures have limitations as they omit certain components of the overall cash flow statement and do not represent the residual cash flow available for discretionary expenditures. Investors should not consider presentation of free cash flow measures as implying that stockholders have any right to such cash. Broadcom’s free cash flow may not be calculated in a manner comparable to similarly named measures used by other companies.

About Broadcom

Broadcom Inc. (NASDAQ: AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations’ complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology, at scale. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, visit www.broadcom.com.

Cautionary Note Regarding Forward-Looking Statements

This announcement contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended) concerning Broadcom. These statements include, but are not limited to, statements that address our expected future business and financial performance, our plans and expectations with regard to our share repurchases, and other statements identified by words such as “will,” “expect,” “believe,” “anticipate,” “estimate,” “should,” “intend,” “plan,” “potential,” “predict,” “project,” “aim,” and similar words, phrases or expressions. These forward-looking statements are based on current expectations and beliefs of Broadcom’s management, current information available to Broadcom’s management, and current market trends and market conditions and involve risks and uncertainties that may cause actual results to differ materially from those contained in these forward-looking statements. Accordingly, undue reliance should not be placed on such statements.

Particular uncertainties that could materially affect future results include risks associated with: global economic conditions and uncertainty; government regulations, trade restrictions and trade tensions; global political and economic conditions relating to our international operations; cyclicality in the semiconductor industry undergoing profound change due to AI; any loss of our significant customers and fluctuations in the timing and volume of significant customer demand; the slow or unsuccessful return on our research and development investments, expansion of our business strategy or adoption of new business models; our dependence on contract manufacturing and outsourced supply chain; our dependency on a limited number of suppliers; our ability to continue winning business in the semiconductor solutions industry; our ability to accurately estimate customers’ demand and adjust our manufacturing and supply chain accordingly; dependence on senior management and our ability to attract and retain qualified personnel; our ability to maintain or improve gross margin; our ability to protect against cybersecurity threats and a breach of security systems; prolonged disruptions of our, our customers’ or our suppliers’ facilities or other significant operations; our ability to maintain appropriate manufacturing capacity and quality; dependence on and risks associated with distributors and other channel partners of our products; ability of our software portfolio to manage and secure IT infrastructures and environments; demand for our data center virtualization products and customer acceptance of our software, services and business strategy; competitiveness of our software solutions and compatibility of our software with operating environments, platforms or third-party products; our ability to enter into satisfactory software license agreements; use of open source software in our software and services; sales to government customers; our ability to manage our software solutions and services lifecycles; our competitive performance; quarterly and annual fluctuations in operating results; any acquisitions or dispositions we may make, such as delays, challenges and expenses associated with receiving governmental and regulatory approvals and satisfying other closing conditions, and with integrating acquired businesses with our existing businesses and our ability to achieve the benefits, growth prospects and synergies expected by such acquisitions; involvement in legal proceedings; our ability to protect our intellectual property and the unpredictability of any associated litigation expenses; any expenses or reputational damage associated with resolving customer product warranty and indemnification claims, or other undetected defects or bugs; our compliance with privacy and data security laws; corporate responsibility matters; our provision for income taxes and overall cash tax costs; our ability to maintain tax concessions in certain jurisdictions; potential tax liabilities as a result of acquiring VMware; our significant indebtedness and the need to generate sufficient cash flows to service and repay such debt; the amount and frequency of our share repurchase program; and other events and trends on a national, regional, industry-specific and global scale, including those of a political, economic, business, competitive and regulatory nature.

Our filings with the SEC, which are available without charge at the SEC’s website at https://www.sec.gov, discuss some of the important risk factors that may affect our business, results of operations and financial condition. Actual results may vary from the estimates provided. We undertake no intent or obligation to publicly update or revise any of the estimates and other forward-looking statements made in this announcement, whether as a result of new information, future events or otherwise, except as required by law.

Contact:
Ji Yoo
Broadcom Inc.
Investor Relations
650-427-6000
investor.relations@broadcom.com

(AVGO-Q)

 BROADCOM INC. 

 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS – UNAUDITED 

 (IN MILLIONS, EXCEPT PER SHARE DATA) 

 Fiscal Quarter Ended 

Three Fiscal Quarters Ended 

 August 2, 

 May 3, 

August 3,

 August 2, 

 August 3, 

2026

2026

2025

2026

2025

Net revenue

$

29,591

$

22,187

$

15,952

$

71,089

$

45,872

Cost of revenue:

Cost of revenue

7,624

5,301

3,704

17,604

10,273

Amortization of acquisition-related intangible assets

1,499

1,461

1,519

4,422

4,486

Restructuring charges

12

10

26

35

68

Total cost of revenue

9,135

6,772

5,249

22,061

14,827

Gross margin

20,456

15,415

10,703

49,028

31,045

Research and development

2,895

2,995

3,050

8,855

7,996

Selling, general and administrative

996

1,055

1,072

3,070

3,104

Amortization of acquisition-related intangible assets

507

506

507

1,520

1,524

Restructuring and other charges

103

71

187

277

445

Total operating expenses

4,501

4,627

4,816

13,722

13,069

Operating income

15,955

10,788

5,887

35,306

17,976

Interest expense

(778)

(776)

(807)

(2,355)

(2,449)

Other income, net

98

118

205

649

333

Income before income taxes

15,275

10,130

5,285

33,600

15,860

Provision for income taxes

2,187

820

1,145

3,853

1,252

Net income

$

13,088

$

9,310

$

4,140

$

29,747

$

14,608

Net income per share:

Basic

$

2.75

$

1.96

$

0.88

$

6.26

$

3.10

Diluted

$

2.68

$

1.91

$

0.85

$

6.09

$

3.02

Weighted-average shares used in per share calculations:

Basic

4,766

4,747

4,714

4,752

4,705

Diluted

4,887

4,876

4,860

4,884

4,841

Stock-based compensation expense:

Cost of revenue

$

224

$

223

$

251

$

683

$

607

Research and development

1,344

1,395

1,573

4,186

3,564

Selling, general and administrative

451

474

498

1,418

1,202

Total stock-based compensation expense

$

2,019

$

2,092

$

2,322

$

6,287

$

5,373

 

 BROADCOM INC. 

 FINANCIAL RECONCILIATION: GAAP TO NON-GAAP – UNAUDITED 

 (IN MILLIONS) 

 Fiscal Quarter Ended 

 Three Fiscal Quarters Ended 

 August 2, 

 May 3, 

 August 3, 

 August 2, 

 August 3, 

2026

2026

2025

2026

2025

Gross margin on GAAP basis

$

20,456

$

15,415

$

10,703

$

49,028

$

31,045

Amortization of acquisition-related intangible assets

1,499

1,461

1,519

4,422

4,486

Stock-based compensation expense

224

223

251

683

607

Restructuring charges

12

10

26

35

68

Gross margin on non-GAAP basis

$

22,191

$

17,109

$

12,499

$

54,168

$

36,206

Research and development on GAAP basis

$

2,895

$

2,995

$

3,050

$

8,855

$

7,996

Stock-based compensation expense

1,344

1,395

1,573

4,186

3,564

Research and development on non-GAAP basis

$

1,551

$

1,600

$

1,477

$

4,669

$

4,432

Selling, general and administrative expense on GAAP basis

$

996

$

1,055

$

1,072

$

3,070

$

3,104

Stock-based compensation expense

451

474

498

1,418

1,202

Acquisition-related costs

–

–

7

2

204

Selling, general and administrative expense on non-GAAP basis

$

545

$

581

$

567

$

1,650

$

1,698

Total operating expenses on GAAP basis

$

4,501

$

4,627

$

4,816

$

13,722

$

13,069

Amortization of acquisition-related intangible assets

507

506

507

1,520

1,524

Stock-based compensation expense

1,795

1,869

2,071

5,604

4,766

Restructuring and other charges

103

71

187

277

445

Acquisition-related costs

–

–

7

2

204

Total operating expenses on non-GAAP basis

$

2,096

$

2,181

$

2,044

$

6,319

$

6,130

Operating income on GAAP basis

$

15,955

$

10,788

$

5,887

$

35,306

$

17,976

Amortization of acquisition-related intangible assets

2,006

1,967

2,026

5,942

6,010

Stock-based compensation expense

2,019

2,092

2,322

6,287

5,373

Restructuring and other charges

115

81

213

312

513

Acquisition-related costs

–

–

7

2

204

Operating income on non-GAAP basis

$

20,095

$

14,928

$

10,455

$

47,849

$

30,076

Interest expense on GAAP basis

$

(778)

$

(776)

$

(807)

$

(2,355)

$

(2,449)

Loss on debt extinguishment

75

31

53

161

118

Interest expense on non-GAAP basis

$

(703)

$

(745)

$

(754)

$

(2,194)

$

(2,331)

Other income, net on GAAP basis

$

98

$

118

$

205

$

649

$

333

Excise tax benefit

–

–

–

(315)

–

Gain from sale of business

–

–

(163)

–

(163)

Other

–

–

29

–

8

Other income, net on non-GAAP basis

$

98

$

118

$

71

$

334

$

178

Provision for income taxes on GAAP basis

$

2,187

$

820

$

1,145

$

3,853

$

1,252

Non-GAAP tax reconciling adjustments

931

1,407

223

3,505

2,657

Provision for income taxes on non-GAAP basis

$

3,118

$

2,227

$

1,368

$

7,358

$

3,909

Net income on GAAP basis

$

13,088

$

9,310

$

4,140

$

29,747

$

14,608

Amortization of acquisition-related intangible assets

2,006

1,967

2,026

5,942

6,010

Stock-based compensation expense

2,019

2,092

2,322

6,287

5,373

Restructuring and other charges

115

81

213

312

513

Acquisition-related costs

–

–

7

2

204

Loss on debt extinguishment

75

31

53

161

118

Excise tax benefit

–

–

–

(315)

–

Gain from sale of business

–

–

(163)

–

(163)

Other

–

–

29

–

8

Non-GAAP tax reconciling adjustments

(931)

(1,407)

(223)

(3,505)

(2,657)

Net income on non-GAAP basis

$

16,372

$

12,074

$

8,404

$

38,631

$

24,014

Weighted-average shares used in per share calculations – diluted on GAAP basis

4,887

4,876

4,860

4,884

4,841

Non-GAAP adjustment (1)

50

64

112

61

94

Weighted-average shares used in per share calculations – diluted on non-GAAP basis               ‌

4,937

4,940

4,972

4,945

4,935

Net cash provided by operating activities

$

14,197

$

10,493

$

7,166

$

32,950

$

19,834

Purchases of property, plant and equipment

(532)

(231)

(142)

(1,013)

(386)

Free cash flow

$

13,665

$

10,262

$

7,024

$

31,937

$

19,448

 

________________________________________________________________________________________________________________________________________________

(1) Non-GAAP adjustment for the number of shares used in the diluted per share calculations excludes the impact of stock-based compensation expense expected to be incurred
in future periods and not yet recognized in the financial statements, which would otherwise be assumed to be used to repurchase shares under the GAAP treasury stock method.

 

BROADCOM INC.

CONDENSED CONSOLIDATED BALANCE SHEETS – UNAUDITED

(IN MILLIONS)

August 2,

November 2,

2026

2025

ASSETS

Current assets:

Cash and cash equivalents

$

23,975

$

16,178

Trade accounts receivable, net

13,707

7,145

Inventory

4,523

2,270

Other current assets

9,968

5,980

Total current assets

52,173

31,573

Long-term assets:

Property, plant and equipment, net

3,144

2,530

Goodwill

97,801

97,801

Intangible assets, net

26,325

32,273

Other long-term assets

8,705

6,915

Total assets

$

188,148

$

171,092

LIABILITIES AND EQUITY

Current liabilities:

Accounts payable

$

4,000

$

1,560

Employee compensation and benefits

1,506

2,129

Short-term debt

2,252

3,152

Other current liabilities

13,080

11,673

Total current liabilities

20,838

18,514

Long-term liabilities:

Long-term debt

57,167

61,984

Other long-term liabilities

10,453

9,302

Total liabilities

88,458

89,800

Stockholders’ equity:

Preferred stock

–

–

Common stock

5

5

Additional paid-in capital

77,330

71,308

Retained earnings

22,151

9,761

Accumulated other comprehensive income                    ‌

204

218

Total stockholders’ equity

99,690

81,292

  Total liabilities and equity

$

188,148

$

171,092

 

 BROADCOM INC. 

 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS – UNAUDITED 

 (IN MILLIONS) 

 Fiscal Quarter Ended 

 Three Fiscal Quarters Ended 

 August 2, 

 May 3, 

 August 3, 

 August 2, 

 August 3, 

2026

2026

2025

2026

2025

Cash flows from operating activities:

Net income

$

13,088

$

9,310

$

4,140

$

29,747

$

14,608

Adjustments to reconcile net income to net cash provided by operating activities:               ‌

Amortization of intangible and right-of-use assets

2,042

2,002

2,060

6,047

6,116

Depreciation

171

163

142

484

426

Stock-based compensation

2,019

2,092

2,322

6,287

5,373

Deferred taxes and other non-cash taxes

7

(603)

284

(1,051)

(983)

Loss on debt extinguishment

75

31

53

161

118

Non-cash interest expense

65

67

82

204

273

Other

13

3

(23)

31

58

Changes in assets and liabilities, net of acquisitions and disposals:

  Trade accounts receivable, net

(2,859)

(2,370)

(937)

(6,544)

(2,066)

  Inventory

(195)

(1,366)

(163)

(2,253)

(420)

  Accounts payable

1,630

149

136

2,313

(236)

  Employee compensation and benefits

372

270

511

(619)

(110)

  Other current assets and current liabilities

(2,675)

474

(999)

(2,893)

(1,028)

  Other long-term assets and long-term liabilities

444

271

(442)

1,036

(2,295)

Net cash provided by operating activities

14,197

10,493

7,166

32,950

19,834

Cash flows from investing activities:

Proceeds from sale of business

–

–

300

–

300

Purchases of property, plant and equipment

(532)

(231)

(142)

(1,013)

(386)

Purchases of investments

(619)

(23)

(99)

(756)

(261)

Sales of investments

37

39

51

320

147

Other

1

7

(16)

13

(13)

Net cash provided by (used in) investing activities

(1,113)

(208)

94

(1,436)

(213)

Cash flows from financing activities:

Proceeds from long-term borrowings

–

–

6,960

4,474

10,695

Payments on debt obligations

(5,628)

(1,250)

(6,750)

(10,528)

(14,840)

Proceeds from (repayments of) commercial paper, net

–

–

(3,373)

–

488

Payments of dividends

(3,103)

(3,092)

(2,786)

(9,281)

(8,345)

Repurchases of common stock – repurchase program

–

(600)

–

(8,450)

(2,450)

Shares repurchased for tax withholdings on vesting of equity awards

–

–

(58)

–

(3,860)

Issuance of common stock

–

113

–

113

118

Other

(6)

(2)

(7)

(45)

(57)

Net cash used in financing activities

(8,737)

(4,831)

(6,014)

(23,717)

(18,251)

Net change in cash and cash equivalents

4,347

5,454

1,246

7,797

1,370

Cash and cash equivalents at beginning of period

19,628

14,174

9,472

16,178

9,348

Cash and cash equivalents at end of period

$

23,975

$

19,628

$

10,718

$

23,975

$

10,718

Supplemental disclosure of cash flow information:

Cash paid for interest

$

674

$

695

$

602

$

1,988

$

1,973

Cash paid for income taxes

$

347

$

1,099

$

822

$

2,228

$

1,834

 

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Technology

Hivelocity Launches Outlet Store — Bare Metal Servers, Ready Now, at Lower Prices

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September 2, 2026

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A new section of the Hivelocity store offers in-stock, fully functional dedicated servers at reduced monthly pricing, giving customers facing long lead times on new hardware a faster path to deployment.

TAMPA, Fla., Sept. 2, 2026 /PRNewswire/ — Hivelocity, an infrastructure-as-a-service provider of bare metal, dedicated servers, edge computing, and virtualized cloud solutions, today announced the launch of the Hivelocity Outlet Store, a new section of its storefront offering proven, in-stock server configurations at reduced monthly pricing. The Outlet Store gives customers immediate access to reliable infrastructure without the wait times currently affecting parts of the hardware supply chain.

As Hivelocity upgrades its server portfolio, the company moves previous configurations into the Outlet Store, offering them at lower prices. These servers enable organizations to support development, proof-of-concept, build farm, and similar engineering workloads without paying for excess capacity or waiting for the latest systems to become available.

Outlet Store servers are available on a month-to-month basis, with no long-term contract required. Customers who outgrow an outlet configuration can move up to a more powerful dedicated server as their requirements evolve. To keep pricing low and enable rapid deployment, the Outlet Store does not offer custom configuration options.

“If you’ve been waiting on new hardware because of supply chain delays, there’s no reason to keep waiting. The Outlet Store gives customers proven, in-stock servers at a lower price point, so they can get running today instead of sitting in a queue.” — Ned Pope, Chief Product Officer, Hivelocity

Customers can access the Outlet Store now through the Hivelocity. For additional workload needs, they can continue to choose from the full Hivelocity catalog of dedicated, cloud, and colocation infrastructure.

About Hivelocity

Founded in 2002, Hivelocity operates bare metal infrastructure across globally distributed data centers, serving mid-market and enterprise customers in healthcare, SaaS, fintech, gaming, and high-performance computing. The company runs 24/7/365 in-house support with a roughly 15-minute average ticket response and a transactional NPS of 79, backed by an SLA-backed 99.99 percent network uptime guarantee.

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SOURCE Hivelocity

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Scage Future Receives Nasdaq Notifications Regarding Market Value of Listed Securities and Market Value of Publicly Held Shares Requirements

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September 2, 2026

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NANJING, China, Sept. 2, 2026 /PRNewswire/ — Scage Future (Nasdaq: SCAG) (“Scage” or the “Company”), a zero-emission solution provider of new energy heavy-duty commercial vehicles and e-fuel solutions, today announced that on August 27, 2026 the Company received two notification letters (together, the “Notification Letters”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”). This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure upon receipt of a deficiency notification.

The first Notification Letter advised the Company that, based on Nasdaq’s review of the Company’s Market Value of Listed Securities (“MVLS”) for the 30 consecutive business days from July 16, 2026 to August 26, 2026, the Company no longer meets the minimum MVLS of US$50,000,000 required for continued listing on The Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2)(A). Nasdaq calculates MVLS based on the most recent total shares outstanding multiplied by the daily closing bid price. Nasdaq also noted in the letter that the Company does not meet the requirements of Nasdaq Listing Rule 5450(b)(3)(A), the Total Assets and Total Revenue standard.

The second Notification Letter advised the Company that, based on Nasdaq’s review of the Company’s Market Value of Publicly Held Shares (“MVPHS”) for the 30 consecutive business days from July 16, 2026 to August 26, 2026, the Company no longer meets the minimum MVPHS of US$15,000,000 required for continued listing on The Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2&3)(C). Nasdaq calculates MVPHS based on the most recent publicly held shares information multiplied by the closing bid price.

In accordance with Nasdaq Listing Rules 5810(c)(3)(C) and 5810(c)(3)(D), the Company has been provided a compliance period of 180 calendar days, through February 23, 2027, to regain compliance with each requirement. To regain compliance, the Company’s MVLS must close at US$50,000,000 or more, and its MVPHS must close at US$15,000,000 or more, in each case for a minimum of ten consecutive business days. Nasdaq staff may, in its discretion, require the Company to satisfy the applicable requirement for a period in excess of ten consecutive business days, but generally no more than 20 consecutive business days, before determining that compliance has been demonstrated.

The Notification Letters have no immediate effect on the listing or trading of the Company’s American depositary shares, which continue to trade on The Nasdaq Global Market under the symbol “SCAG.” A deficiency indicator will be displayed with quotation information for the Company’s securities on Nasdaq.com and NasdaqTrader.com, and the Company will be included in the list of non-compliant companies published on the Nasdaq Listing Center commencing five business days from the date of the Notification Letters.

If the Company does not regain compliance with either requirement prior to the expiration of the applicable compliance period, it will receive written notification that its securities are subject to delisting, at which time the Company may appeal the determination to a Nasdaq Hearings Panel. Alternatively, the Company may be eligible to transfer its listing to The Nasdaq Capital Market, provided it meets the Capital Market’s continued listing requirements.

As previously disclosed, the Company received a notification from Nasdaq on June 11, 2026 regarding the minimum bid price requirement, with a compliance period through December 8, 2026. The Company has also received a notification regarding the composition of its audit committee, with a remediation period through December 22, 2026.

The Company intends to monitor its MVLS and MVPHS and to consider the options available to it to regain compliance, which may include applying to transfer its listing to The Nasdaq Capital Market. The Company’s business operations are not affected by the receipt of the Notification Letters. There can be no assurance that the Company will regain compliance with the MVLS or MVPHS requirements within the applicable compliance periods.

About Scage Future

Scage Future is a leading zero-emission technology provider in China, dedicated to decarbonizing global commercial transportation through its portfolio of advanced heavy-duty NEV trucks and innovative e-fuel systems. Through strategic partnerships with top-tier vehicle manufacturers and a strong quality control framework, the Company delivers intelligent, high-performance NEVs addressing the transport needs across logistics, mining and port operations. The Company has a proven track record in the design, production, and testing of next-generation heavy-duty NEVs, including the Dragon II plug-in hybrid dump truck, Galaxy II plug-in hybrid truck, and Q-Truck autonomous tractor trailer.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the Company’s ability to regain compliance with the applicable Nasdaq continued listing requirements within the compliance periods, the Company’s intention to monitor its MVLS and MVPHS, the potential transfer of the Company’s listing to The Nasdaq Capital Market, and the Company’s available options to address the deficiencies described herein. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Scage Future
Emily Wang
Email: scageIR@scagefd.com

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SOURCE Scage Future

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Technology

ePlus Achieves Exclusive Ambassador Partner Status with Everpure

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53 minutes ago

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September 2, 2026

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Company is first in North America to attain new partnership tier

HERNDON, Va., Sept. 2, 2026 /PRNewswire/ — ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has achieved the highest level of Everpure partner tier, the new Ambassador certification. ePlus is the first reseller, specialized services partner, or company holding any other Everpure partner designation in North America to have earned this credential.

New to the Everpure program, attaining this tier of partnership requires successfully demonstrating the highest level of service delivery capabilities in cyber resilience and cloud to enhance customer experience and exceptional reliability in meeting customer requirements.

“The most rewarding thing about being the first and only North American provider to have obtained this status is that we were certified based on the many things we do well for our customers – from SOWs and service delivery documents to test plans, remediation of issues, follow through of deliverables and so much more,” said Ken Farber, president ePlus strategy, software and alliances. “Our customer-first focus is what drives our entire organization, from the solutions and services we launch to the areas of technology in which we invest. We are excited and proud to have earned Ambassador status and are very grateful to Everpure for this fantastic acknowledgement of our ability to service our customers.

“Ambassador Reseller Partner status represents the highest tier within our Reseller Program and recognizes strategic partners with deep expertise across key solution areas such as Cloud, Cyber Resilience, and Application Modernization,” said Hope Galley, vice president, Americas partner organization at Everpure. “Customers can be assured they are working with a partner that not only understands Everpure and data storage but also has proven ability in adjacent technologies like cloud and cyber resilience, from a consultative and services perspective. We congratulate ePlus on earning this highly valued credential and appreciate our continued partnership as we look forward to driving mutual growth while delivering industry-leading data storage solutions to our shared customers.”

Together, ePlus and Everpure deliver innovative, sustainable, and simplified storage solutions that help accelerate business outcomes and reduce operational complexity. ePlus recently earned the Services Partner of the Year award in recognition of ePlus Storage-as-a-Service (STaaS) leveraging Everpure Evergreen//One™, a flexible, managed, consumption-based offering. ePlus StaaS provides an adaptable storage model that allows organizations to pay for only the storage capacity they use and need, helping to manage costs.

For more information on how ePlus and Everpure partner please visit: https://www.eplus.com/how-we-partner/everpure 

About ePlus inc.

ePlus is a customer-first, services-led, and results-driven industry leader offering transformative technology solutions and services to provide the best customer outcomes. Offering a full portfolio of solutions, including artificial intelligence, security, cloud and data center, networking and collaboration, as well as managed, consultative and professional services, ePlus works closely with organizations across many industries to successfully navigate business challenges. With a long list of industry-leading partners and more than 2,130 employees, our expertise has been honed over more than three decades, giving us specialized yet broad levels of experience and knowledge. ePlus is headquartered in Virginia, with locations in the United States, United Kingdom, Europe, and Asia‐Pacific. For more information, visit www.eplus.com, call 888-482-1122, or email info@eplus.com. Connect with ePlus on LinkedIn, Facebook, and Instagram. 

ePlus®, Where Technology Means More®, and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. Everpure, Evergreen//One, and the marks in the Everpure Trademark List are trademarks or registered trademarks of Everpure, Inc. or its licensed subsidiaries in the U.S. and/or other countries. The names of other companies, products, and services mentioned herein may be the trademarks of their respective owners.

View original content:https://www.prnewswire.com/news-releases/eplus-achieves-exclusive-ambassador-partner-status-with-everpure-302868085.html

SOURCE EPLUS INC.

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