Earlier this morning, we released our Fiscal 2026 Third Quarter results along with certain outlook information. I will start by reviewing our third quarter results and then move to further discuss our pending acquisition. We delivered all-time record revenue of $1.45 billion, an increase of 14.1% compared to Q3 FY 2025. Adjusted EBITDA was $219 million, and EPS was $3.63, both setting new all-time highs.
Adjusted EBITDA margin was 15.1%, a 169 bp increase over the prior year, and our DSOs were 105 days, an improvement of 14 days year over year. Our backlog was $8.2 billion, an all-time high, with strong diversified bookings throughout the quarter. As a result of our strong performance, we are increasing the midpoint of our full-year revenue outlook, expecting revenue of $5.35 billion-$5.425 billion, representing a range of 13.8%-15.4% total growth over the prior year. This outlook excludes any results from the pending acquisition expected to close in our fiscal Q4, as the impact is dependent on the date of completion.
The demand for fiber infrastructure to support data center growth continues to strengthen at an incredible rate. We are seeing robust activity from our longstanding traditional carrier partners, complemented by accelerating demand from the world's leading hyperscaler providers. BEAD is close to becoming a reality, with revenue currently projected in Q2 of next fiscal year. We have already secured over $500 million in verbal awards related to BEAD deployments, which is not yet reflected in our backlog.