Arxis (ARXS) said Wednesday its Q1 swung to a net income of $53.3 million from a loss of $4.3 million a year earlier.

Analysts polled by FactSet expected $50.5 million.

Revenue for the quarter ended March 31 was $458.9 million, up from $380.1 million a year earlier.

Analysts surveyed by FactSet expected $422.7 million.

The company said it expects full-year 2026 revenue of $1.86 billion to $1.88 billion.

Analysts polled by FactSet expect $1.77 billion.