“And given our strong organic operating leverage, we expect to absorb any headwinds to that dilution in 2027 and continue delivering operating margin expansion.”

In context

“Gina Mastantuono (President and Chief Financial Officer): And then lastly, Samad, on your question on the impact. So we expect to close Armis at this point, second half, early second half of this year. And based on that timing and estimated revenue adjustments that always happen in acquisitions, we expect subscription revenue contribution to be about a point, 100 basis points in 2026. We expect potentially up to maybe 50 bps on headwind to operating margin in '26. Up to 50, so not that large. And given our strong organic operating leverage, we expect to absorb any headwinds to that dilution in 2027 and continue delivering operating margin expansion. And so we're very committed in our M&A strategy to continue delivering expansion both on the operating margin and free cash flow perspective. We will obviously provide more details around all of that at Financial Analyst Day as we get closer to close. But, again, not that big of an impact either on the top line or bottom line. It's really about the incredible capabilities and the addressable market that we're opening up for us to go after.”