On the new long-term model, Turner stated, "At an ATE TAM of $12 billion to $14 billion, our target model assumes roughly $6 billion of revenue... We expect gross margins between 59% and 61% ...

Fiscal 2026 Q3 guidance narrowed, with upgraded EPS and revenue ranges. Strategic focus has shifted more explicitly toward Michael Kors and Jimmy Choo following Versace's divestiture. Management's ...