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Friday, Apr 17, 2026

Gateway Swings to Profitability

Irvine-based Gateway Inc. swung to a profit in the December quarter thanks in part to a tax benefit.

The struggling computer maker reported net income of $8.8 million, versus a year-ago loss of $20.9 million. The results were in line with analysts’ estimates.

Revenue fell 9% to $1.02 billion, short of an expected $1.05 billion. Shares fell 7% in afterhours trading.

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