We estimate 3Q:F26 revenue increased 14% year over year to $562.2 million and EPS (including stock compensation expense) grew 80% to $1.16. PLUS' service offerings continue to deliver strong growth and hardware demand has rebounded strongly in F2026. We expect recent momentum to continue in 3Q:F26. We also project strong margin expansion, as PLUS is beginning to leverage its recent organic investments and acquisitions. ePlus ended 2Q:F26 with no debt and near record cash of $402 million ($15.23 per share). We maintain our $108 price target based on 20x our F2027 EPS estimate of $5.38. Given the company's track record of profits and a debt-free balance sheet, we assign the stock a Moderate risk rating.