The earnings call reveals negative sentiment: revised guidance downwards, significant revenue declines across segments, and increased expenses due to royalty rates. Despite cost-cutting measures, operational efficiency may suffer. The Q&A session shows optimism for 2026 but lacks specific plans for M&A or debt buyback, adding uncertainty. The share repurchase is positive but insufficient to offset other negatives. Overall, the negative financial performance and cautious outlook lead to a predicted stock price decline.