Corporate Boards Allocate Cash; Users Become Metrics

Cricut’s board approved two dividends and authorized up to $50 million in stock repurchases as five companies reported quarterly or annual results on Nov. 3, 2026. Those decisions put corporate boards in command of cash allocation, while the companies’ releases tracked riders, subscribers, sales and profits from the top down.

Who Controls the Cash

Cricut reported third-quarter revenue of $188.622 million, up about 11% from a year earlier, and net income of $27.842 million, up 36%. Its board approved a recurring semiannual dividend of $0.10 per share, a special dividend of $0.70 per share, and replenished the stock repurchase program up to $50 million, including the unused portion of earlier approvals. The dividends were scheduled for January 2027. The board said it considered the payouts appropriate under the company’s operating and financial plans and would review capital allocation regularly.

Cricut ended the quarter with $273 million in cash and cash equivalents. CFO Kimball Shill said the company generated $23.7 million in operating cash during the quarter. The board’s decisions cover Class A and Class B common stockholders; holders of restricted stock units unvested on the record date would receive dividend equivalents under the company’s equity incentive documents, with additional shares when the corresponding units vest.

Skyworks Solutions reported fourth-quarter revenue of $1,045.7 million, down from $1,100.2 million a year earlier. Fiscal-year revenue was $3.9596 billion, compared with $4.0869 billion in fiscal 2025. Its combination with Qorvo closed after the fourth quarter, so those reported results covered standalone Skyworks. The two companies reported combined September-quarter revenue of $1.983 billion, including an extra week in Qorvo’s quarter that contributed about $70 million.

Skyworks forecast December-quarter revenue of $1.80 billion to $1.90 billion and non-GAAP diluted earnings per share of $1.25 at the revenue midpoint. The company expects about $150 million in operating-expense synergies during fiscal 2027 and an annualized run rate of about $250 million to $300 million by fiscal year-end. It reiterated a goal of at least $500 million in annual cost synergies within 24 to 36 months of the close. CEO and president Phil Brace said the company’s focus was execution, customer delivery and building a stronger, more diversified Skyworks.

The Numbers Behind the Pitch

Lime reported third-quarter revenue of $360.628 million, up from $301.571 million a year earlier. The shared micromobility company said trailing twelve-month revenue exceeded $1 billion for the first time. Net income was $43.709 million, compared with $30.9 million, while free cash flow fell to $90.582 million from $98.775 million. CFO Ann Gugino said Lime would continue investing in its LimePrime subscription service and market expansion while maintaining unit-economics discipline and focusing on long-term free cash flow and shareholder value. She said the average LimePrime rider generated twice the adjusted gross profit of a non-subscriber.

Ashland reported fourth-quarter sales of $498 million, up 4%, but a net loss of $16 million, compared with net income of $32 million a year earlier. Full-year sales were $1.863 billion, up 2%, while Adjusted EBITDA fell to $385 million from $401 million. Operating cash flow rose to $385 million from $134 million, an improvement Ashland attributed mainly to lower working capital and capital expenditures. The company reported $891 million in net debt and net leverage of 2.3x at fiscal year-end. Its preliminary financial results still await the filing of its Form 10-K with the U.S. Securities and Exchange Commission.

Navitas Semiconductor reported third-quarter revenue of $13.991 million, up 38% year over year, alongside a GAAP net loss of $37.108 million, compared with a loss of $19.234 million. CEO Chris Allexandre said mobile and low-end consumer revenue was expected to be essentially eliminated from the company’s mix by year-end, while AI Infrastructure was expected to account for more than 40% of total revenue. CFO Tonya Stevens said the company expected another quarter of double-digit sequential revenue growth and backlog extending into mid-2027. The release said customer pipeline and design wins are forward-looking indicators, not customer orders, forecasts, backlog or estimates of future revenue.

Lime CEO Wayne Ting called the quarter “a landmark quarter for Lime,” citing the company’s revenue milestone. He described its mission as making transportation shared, affordable and carbon-free. The five releases detail corporate growth plans, investor payouts, acquisitions and shifting product markets; decisions about capital and strategy remain in the hands of company executives and boards. There’s no change to that control.