Backlog disclosure changed from annual to quarterly reporting
The company began disclosing order backlog on a quarterly basis in its latest 10-Q, a change from prior annual-only disclosure. Backlog stated at $4.18B versus $3.91B in the prior comparable disclosure.
JMUSY Analysis
The disclosure cadence change is the notable item, not the backlog level itself. More frequent backlog reporting reduces the information gap between reporting periods and should be treated as a change in disclosure policy when comparing to prior periods.
Jeremy Minnick
Founder & Research Analyst
Reviewed Aug. 27, 2026 · 8:42 PM ET
2 sources
AVDX · Earnings/JMUSY Verified
Q2 2026 revenue of $2.41B, operating margin 14.2%
Revenue of $2.41B (+6.3% year over year) with operating margin of 14.2% versus 13.1% in the prior-year quarter. Management attributed margin expansion to pricing and lower freight cost.
JMUSY Analysis
Margin expansion is sourced to two management-stated drivers. Both are quoted directly from the release; neither is modeled or projected by JMUSY.