Track market-moving stories before they get noisy

Digital transformation continues to reshape how businesses connect with consumers, forcing investors to choose between high-growth specialists and established infrastructure providers. AppLovin Corp (APP 0.35%) and Twilio Inc(TWLO +2.97%) represent two distinct paths within this evolving landscape.

AppLovin provides software and artificial intelligence solutions that help businesses acquire and monetize users, primarily in the mobile app space. Twilio offers a customer engagement platform that enables businesses to embed messaging, voice, and email directly into their digital experiences for global customers.

The case for AppLovinAppLovin has become a standout performer among tech stocks due to its focus on artificial intelligence. The company provides an end-to-end advertising platform that uses its Axon AI engine to help advertisers reach roughly 1.6 billion daily active users. Following the divestiture of its Apps business in 2025, the company now focuses entirely on its high-performing software tools, such as MAX and Adjust.

In FY 2025, revenue reached nearly $5.5 billion, representing roughly 14.4% growth compared to the previous year. This rapid expansion was accompanied by significant profitability, as the company reported net income of approximately $3.3 billion.

As of its December 2025 balance sheet, the debt-to-equity ratio, which shows the proportion of debt used to finance assets relative to shareholder equity, was roughly 3.3x. The current ratio measures a company's ability to cover short-term debts with assets that can be converted to cash within a year, is approximately 1.7x. Free cash flow for the period was $3.95 billion, representing the cash left over after accounting for operating costs and capital investments.

The case for TwilioTwilio serves as the backbone for digital communications, providing tools for messaging, voice, and email to over 402,000 active customer accounts. Its platform allows developers to build complex communication workflows, ranging from simple SMS alerts to sophisticated user authentication systems. The company generates revenue through both usage-based fees and subscriptions, benefiting as its clients grow their digital engagement efforts.

During FY 2025, revenue grew by approximately 12% to nearly $5.1 billion. The company posted net income of  $33.8 million during this period. The company has swung to profitability after years of losses.

According to its December 2025 balance sheet, the current debt-to-equity ratio was 0.14x, indicating ample liquidity to meet near-term obligations. For the year, free cash flow was around $945 million. Note that stock-based compensation (SBC) accounted for roughly 58% of operating cash flow, inflating reported cash generation, as SBC is a non-cash expense added back in the cash flow statement.

Risk profile comparisonAppLovin faces significant legal risk following a class action lawsuit filed in May 2026 alleging illegal data tracking of users in the Netherlands. The company is also highly dependent on third-party platforms like Apple (AAPL +0.93%), Alphabet (GOOG +1.13%), and Meta Platforms (META +0.73%), as changes to their privacy policies can hurt advertising performance. Furthermore, it operates in a crowded market against well-funded rivals such as Amazon.com, Inc. (AMZN +3.27%) and Unity Software, Inc. (U +1.30%).

Twilio relies heavily on third-party network carriers and cloud infrastructure providers like Amazon.com to deliver its services. Disruptions or fee increases from these partners could hurt the company's net margin and operational reliability. Additionally, the company must navigate a complex regulatory environment for messaging and faces intense competition from various customer relationship management vendors.

Valuation comparisonAppLovin appears cheaper based on future earnings projections, while Twilio offers a significantly lower valuation relative to its total annual sales.

MetricAppLovinTwilioSector BenchmarkForward P/E29.9x32.57x37.6xP/S ratio25.9x5.6xSector benchmark uses the SPDR XLK sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.

While both AppLovin and Twilio are tech stocks, they offer vastly different business models.

AppLovin is mainly a marketing firm. It collects user data to create profiles that help advertisers better market to their target consumers. Twilio, meanwhile, offers tech-based voice and messaging apps based on a global network of connections the firm has established among telecoms and other tech companies.

AppLovin is an impressive business. It used to gather its consumer data by prolifically offering new free mobile games that were really data harvesting operations. Crackdowns on privacy by Apple and Google threatened to destroy AppLovin’s business, but it has pivoted well to using AI and other tech methods to continue finding ways to figure out how a marketer can best reach, say, a 22-year-old wrestling fan on social and mobile media. The fact that AppLovin’s revenue is projected to rise nearly 50% in fiscal 2026 is a testament to the power of their business.

Twilio, meanwhile, has a very defensible moat. Its ability to offer APIs and apps to connect with anyone in the world via voice or messaging is based on actual network interconnections that management has negotiated in nearly 200 countries. The company has agreements with some 4,800 cell network providers globally, meaning it is highly likely you can connect with a subscriber of even the most obscure cell phone provider anywhere in the globe. Sales are expected to rise 15% this year to about $5.82 billion, with net income sharply higher at $339 million.

AppLovin’s projected net income for 2026 dwarfs Twilio’s, however. AppLovin should post net income of $5.43 billion — nearly equal to all the revenue it pulled in during fiscal 2025.

Marketers will always want ways to better reach their target consumers, and AppLovin has proven it has the technical expertise to deliver. Twilio is a good business, but AppLovin’s sales and income growth are far ahead of Twilio’s, making it the stock to buy.

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.

The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.

Zacks Premium includes access to the Zacks Style Scores as well.

What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +24% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.

That's where the Style Scores come in.

You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Twilio (TWLO - Free Report) Headquartered in San Francisco, Twilio Inc. was founded in 2007 and got listed on the NYSE in Jun 2016. Twilio provides Cloud Communications Platform-as-a-Service. The company enables developers to build, scale and operate real-time communications within software applications. The company’s platform consists of three layers, Engagement Cloud, Programmable Communications Cloud and Super Network.

TWLO is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. TWLO has a Growth Style Score of B, forecasting year-over-year earnings growth of 15.3% for the current fiscal year.

11 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.26 to $5.64 per share. TWLO boasts an average earnings surprise of +15.3%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, TWLO should be on investors' short list.

Arch Capital Group (ACGL - Free Report) closed at $93.71 in the latest trading session, marking a +1.81% move from the prior day. The stock's change was more than the S&P 500's daily loss of 1.44%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 2.22%.

The property and casualty insurer's shares have seen a decrease of 4.42% over the last month, not keeping up with the Finance sector's gain of 3.16% and the S&P 500's gain of 0.08%.

Market participants will be closely following the financial results of Arch Capital Group in its upcoming release. In that report, analysts expect Arch Capital Group to post earnings of $2.46 per share. This would mark a year-over-year decline of 4.65%. Our most recent consensus estimate is calling for quarterly revenue of $4.6 billion, down 3.39% from the year-ago period.

For the full year, the Zacks Consensus Estimates project earnings of $9.3 per share and a revenue of $18.2 billion, demonstrating changes of -5.49% and -3.12%, respectively, from the preceding year.

Any recent changes to analyst estimates for Arch Capital Group should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.12% higher. At present, Arch Capital Group boasts a Zacks Rank of #3 (Hold).

In terms of valuation, Arch Capital Group is presently being traded at a Forward P/E ratio of 9.89. This expresses a discount compared to the average Forward P/E of 11.17 of its industry.

Investors should also note that ACGL has a PEG ratio of 4.6 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Insurance - Property and Casualty industry currently had an average PEG ratio of 2.36 as of yesterday's close.

The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 80, putting it in the top 33% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.

But how do you find the right combination of stocks? Funding your retirement, your kids' college tuition, or your short- and long-term savings goals certainly requires significant returns.

Enter the Zacks Rank.

What is the Zacks Rank?The Zacks Rank is a unique, proprietary stock-rating model that utilizes earnings estimate revisions to help investors build a winning portfolio.

There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.

Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.

Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.

Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.

Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.

Each factor is given a raw score, which is recalculated every night and compiled into the Zacks Rank. Utilizing this data, stocks are put into five different groups: Strong Buy, Buy, Hold, Sell, and Strong Sell.

The Power of Institutional InvestorsThe Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.

Institutional investors are responsible for managing the trillions of dollars invested in mutual funds, hedge funds, and investment banks. Research has shown that these investors can and do move the market due to the large amount of money they deal with, and thus, the market tends to move in the same direction as them.

These investors are known for designing valuation models that focus on earnings and earnings expectations in order to figure out the fair value of a company and its shares. If earnings estimates are raised, it puts a higher value on a company.

With these changes, institutional investors will act, usually buying stocks with rising estimates and selling those with falling estimates. An increase in earnings expectations can potentially lead to higher stock prices and bigger gains for the investor.

Because it can take a long time for an institutional investor to build a position--sometimes weeks, if not months--retail investors who get in at the first sign of upward revisions have a distinct advantage over these larger investors, and can benefit from the expected institutional buying that will follow.

Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.

How to Invest with the Zacks RankThe Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +24%.

Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.

Let's take a look at Sterling Infrastructure (STRL - Free Report) , which was added to the Zacks Rank #1 list on May 9, 2026.

Sterling Infrastructure, Inc. is a diversified U.S. infrastructure services company, headquartered in The Woodlands, TX. It was incorporated in Delaware on April 1, 1991, under the name Hallwood Holdings Incorporated, after finally settling on the current name as of 2022. This infrastructure construction and engineering company, which builds and services critical infrastructure while focusing on large and complex projects, operates across the Southern, Northeastern, Mid-Atlantic, Rocky Mountain regions and Pacific Islands. It currently operates through three reportable segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $5.68 to $19.31 per share. STRL boasts an average earnings surprise of 29.1%.

Earnings are forecasted to see growth of 77.5% for the current fiscal year, and sales are expected to increase 59.2%.

Even more impressive, STRL has gained in value over the past four weeks, up 17.6% compared to the S&P 500's gain of 2%.

Bottom LineWith a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Sterling Infrastructure should be on investors' shortlist.

If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.

Discover Today's Top StocksOur private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Applying the Zacks Rank in your own trading can boost your investing returns on your very next trade. See Today's Zacks #1 Rank List >>

In the latest trading session, Sterling Infrastructure (STRL - Free Report) closed at $892.25, marking a -4.34% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 1.44%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 2.22%.

The civil construction company's shares have seen an increase of 27.26% over the last month, surpassing the Construction sector's gain of 8.45% and the S&P 500's gain of 0.08%.

Investors will be eagerly watching for the performance of Sterling Infrastructure in its upcoming earnings disclosure. The company's upcoming EPS is projected at $5.39, signifying a 100.37% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.07 billion, indicating a 74.03% upward movement from the same quarter last year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $19.31 per share and a revenue of $3.96 billion, indicating changes of +77.48% and +59.15%, respectively, from the former year.

It is also important to note the recent changes to analyst estimates for Sterling Infrastructure. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.89% higher within the past month. Sterling Infrastructure is holding a Zacks Rank of #1 (Strong Buy) right now.

In terms of valuation, Sterling Infrastructure is currently trading at a Forward P/E ratio of 48.3. Its industry sports an average Forward P/E of 41.56, so one might conclude that Sterling Infrastructure is trading at a premium comparatively.

Also, we should mention that STRL has a PEG ratio of 3.22. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Engineering - R and D Services was holding an average PEG ratio of 1.92 at yesterday's closing price.

The Engineering - R and D Services industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 68, positioning it in the top 28% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

TORONTO--(BUSINESS WIRE)--Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) today announced that operations at its refinery in Fort Saskatchewan, Alberta are transitioning to a shutdown state. Such transition aligns with the Corporation's previously disclosed expectations, which contemplated refinery operations continuing until approximately mid-June based on available feed inventory. The shutdown is being carried out in a controlled and orderly manner, with safety an.

ANDOVER, Mass. and KUALA LUMPUR, Malaysia, June 22, 2026 (GLOBE NEWSWIRE) -- MKS Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, has opened its MKS Supercenter Factory in Penang, Malaysia. Located on a 17-acre site with approximately 350,000 square feet of built-up space, the facility will support the growing global demand for wafer fabrication equipment. Developed in multiple phases, the project’s first phase is now complete. Upon completion of all phases, the Super Centre Factory is expected to create more than 1,000 jobs and will represent a strategic investment of over RM400 million, reinforcing Malaysia’s position as a preferred destination for high-value, technology-driven investments, aligned with the aspirations of the New Industrial Master Plan (NIMP) 2030.

The grand opening ceremony was officiated by YAB Dato’ Seri Anwar bin Ibrahim, Prime Minister of Malaysia, and attended by representatives from the Malaysian Investment Development Authority (MIDA), InvestPenang and other relevant government agencies. The milestone underscores Malaysia’s growing role as a hub for advanced manufacturing and semiconductor innovation.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang, added, “MKS’s Supercenter Factory represents a significant milestone in Penang’s continued evolution as a global hub for advanced manufacturing and semiconductor innovation, aligning with the New Industrial Master Plan (NIMP) 2030 and the National Semiconductor Strategy (NSS). This also underscores the state’s strong value proposition — from a highly skilled talent pool to a well-established industrial ecosystem and robust infrastructure that supports high-tech manufacturing.” He added, “MKS's presence here complements our ambition to move further up the semiconductor value chain, and we are proud to support the company's continued growth in Penang.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO) of MIDA, emphasised, “MKS’ investment reflects the growing shift towards higher-value manufacturing and technology-driven activities in Malaysia. The M&E industry recorded RM3.5 billion in approved investments in the first quarter of 2026, reaffirming its position as a cornerstone of Malaysia’s manufacturing landscape. Beyond its scale, this project will deepen domestic supply chain capabilities, strengthen industry-academia collaboration in talent development and create greater opportunities for Malaysian companies to participate in higher-value activities. In line with the aspirations of the NIMP 2030, investments such as this are instrumental in generating quality jobs, accelerating industrial upgrading and delivering broader economic benefits for the people.”

“MKS’ Supercenter Factory represents a significant milestone in Penang’s continued evolution as a global hub for advanced manufacturing and semiconductor innovation,” said Dato’ Loo Lee Lian, CEO of InvestPenang. “This investment underscores the state’s strong value proposition — from a highly skilled talent pool to a well-established industrial ecosystem and robust infrastructure. We are proud to support MKS in this journey and look forward to the long-term economic and technological benefits this facility will bring to Penang and Malaysia.”

“The opening of our Super Centre Factory in Penang reflects the strength of Malaysia’s industrial ecosystem, the depth of local talent, and our shared commitment to innovation,” said John T.C. Lee, President and CEO of MKS. “This new facility brings us closer to our customers and partners, enhancing our ability to deliver advanced semiconductor manufacturing solutions while contributing to progress across the global value chain. We are deeply appreciative of the continued support from MIDA and the Malaysian government throughout our investment journey.”

The grand opening celebration featured highlights of the project and technology, and recognised the strong partnership between MKS, MIDA and InvestPenang. The investment reinforces Malaysia’s strategic role in the global semiconductor ecosystem while supporting supply chain resilience, advanced manufacturing capabilities and long-term industrial growth.

About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About InvestPenang
InvestPenang is the Penang State Government’s principal agency for the promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realise its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), Global Business Services (GBS) Focus Group (promoting and developing digital economy), Penang Silicon Design @5km+ (establishing a unique and interconnected ecosystem for IC design and technology enterprises), and Penang ATE Campus (accelerating the co‑development, qualification, and scaling of Malaysian ATE solutions by enabling first-customer deployment). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn; WhatsApp Channel and TikTok.

About MKS Inc.
MKS Inc. (NASDAQ: MKSI) enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world’s leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at www.mks.com.

Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding the expected job creation from MKS’ Super Center Factory and the amount of MKS’ strategic investment in the Super Center Factory.  Any statements that are not statements of historical fact should be considered to be forward-looking statements. Actual events or results may differ materially from those in the forward-looking statements set forth herein, including as a result of the factors described in MKS’ Annual Report on Form 10-K for the year ended December 31, 2025 and any subsequent Quarterly Reports on Form 10-Q, as filed with the U.S. Securities and Exchange Commission. MKS is under no obligation to, and expressly disclaims any obligation to, update or alter these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.

For more information, please contact:

MKS Inc.

Mr. Bill Casey
Vice President, Marketing
Email: [email protected]
Tel.: +1 630 995 6384

Ms. Kerry Kelly
Partner, Kekst CNC
Email: [email protected]

MIDA

Ms. Zakiah Sajidan
Director, Machinery and Metal
Technology Division
Email: [email protected]
Tel.: +603 22676769

InvestPenang

Ms. Elaine Cheah
Communications & Business Intelligence
Email: [email protected]
Tel.: +604 6468833

Guests of Honor at the MKS Inc. Super Center Factory Grand Opening

Left to right: Mr. Jim Schreiner, EVP and COO, MKS Inc.; Ms. Zuaida Abdullah, Deputy CEO Malaysian Investment Development Authority; YB Tuan Sim Tze Tzin, Deputy Minister of Malaysia Investment, Trade and Industry; YAB Tuan Chow Kon Yeow, Chief Minister of Penang; YAB Dato' Seri Utama Anwar bin Ibrahim, Prime Minister of Malaysia; Mr. John T.C. Lee, President and CEO, MKS Inc.; Mr. David Gamble, Chargé d’Affaires at U.S. Embassy Kuala Lumpur

Official Opening on Stage

Left to right: Mr. David Gamble, Chargé d’Affaires at U.S. Embassy Kuala Lumpur; YB Tuan Sim Tze Tzin, Deputy Minister of Malaysia Investment, Trade and Industry; YAB Tuan Chow Kon Yeow, Chief Minister of Penang; YAB Dato' Seri Utama Anwar bin Ibrahim, Prime Minister of Malaysia; Mr. John T.C. Lee, President and CEO, MKS Inc.; Ms. Zuaida Abdullah, Deputy CEO Malaysian Investment Development Authority; Mr. Jim Schreiner, EVP and COO, MKS Inc.

YAB Dato' Seri Utama Anwar bin Ibrahim, Prime Minister of Malaysia congratulates Mr. John T.C. Lee, President and CEO of MKS Inc.

Left to right: Mr. David Gamble, Chargé d’Affaires at U.S. Embassy Kuala Lumpur; YB Tuan Sim Tze Tzin, Deputy Minister of Malaysia Investment, Trade and Industry; YAB Tuan Chow Kon Yeow, Chief Minister of Penang; YAB Dato' Seri Utama Anwar bin Ibrahim, Prime Minister of Malaysia; Mr. John T.C. Lee, President and CEO, MKS Inc.; Ms. Zuaida Abdullah, Deputy CEO Malaysian Investment Development Authority; Mr. Jim Schreiner, EVP and COO, MKS Inc.

Ribbon Cutting at MKS Inc. Super Center Factory Grand Opening

Left to right: Dato’ Loo Lee Lian, CEO, InvestPenang; YB Dato’ Dr. Mohamad bin Abdul Hamid, Deputy Chief Minister of Penang; Mr. Jim Schreiner, EVP and COO, MKS Inc.; YB Tuan Sim Tze Tzin, Deputy Minister of Malaysia Investment, Trade and Industry; YAB Tuan Chow Kon Yeow, Chief Minister of Penang; YAB Dato' Seri Utama Anwar bin Ibrahim, Prime Minister of Malaysia; Mr. John T.C. Lee, President and CEO, MKS Inc.; Mr. David Gamble, Chargé d’Affaires at U.S. Embassy Kuala Lumpur; Ms. Zuaida Abdullah, Deputy CEO Malaysian Investment Development Authority; YB Goh Choon Aik, Bukit Tambun Assemblyman

YAB Dato' Seri Utama Anwar bin Ibrahim, Prime Minister of Malaysia arrives at MKS Inc. Super Center factory grand opening in Penang

Left to right: Mr. David Gamble, Chargé d’Affaires at U.S. Embassy Kuala Lumpur; YB Tuan Sim Tze Tzin, Deputy Minister of Malaysia Investment, Trade and Industry; YAB Tuan Chow Kon Yeow, Chief Minister of Penang; YAB Dato' Seri Utama Anwar bin Ibrahim, Prime Minister of Malaysia; Mr. John T.C. Lee, President and CEO, MKS Inc.; Ms. Zuaida Abdullah, Deputy CEO Malaysian Investment Development Authority; Mr. Jim Schreiner, EVP and COO, MKS Inc.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/7df77f5c-1ece-4f2d-9194-25a27ba1835f

https://www.globenewswire.com/NewsRoom/AttachmentNg/faeea521-c0d5-4fb3-9836-5127e0ef2752

https://www.globenewswire.com/NewsRoom/AttachmentNg/ecef3a9a-8896-4f4e-b24e-93a591ee60ad

https://www.globenewswire.com/NewsRoom/AttachmentNg/7291d54e-6256-4b79-8fa0-e35dff01ea05

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agilon health is rated Buy with a $177 price target, reflecting a robust Q1 beat and a positive inflection in financials. Q1 2026 delivered $1.42B revenue (+$40M vs. consensus), $54M adjusted EBITDA (+162% YoY), and raised full-year guidance across all key metrics. Margin expansion is driven by a new data pipeline, scaled clinical programs, disciplined payer contracting, and AI-driven risk scoring now fully operational.

LOS ANGELES--(BUSINESS WIRE)--Korn Ferry (NYSE: KFY), a global consulting firm, today announced fourth quarter and annual fee revenue of $759.8 million and $2.9 billion, respectively. In addition, fourth quarter diluted earnings per share was $1.39 and adjusted diluted earnings per share was $1.40, while full year diluted earnings per share was $5.22 and adjusted diluted earnings per share was $5.28.

“I am very pleased with our quarterly performance. This marks our fifth consecutive quarter of top-line growth, underscoring the strength of our strategy and the increasing relevance of our solutions – all amid an uneven economic environment,” said Gary D. Burnison, CEO, Korn Ferry. “In addition to increased momentum across our broader offerings, I am particularly encouraged by double-digit growth in Professional Search & Interim, reflecting the depth and breadth of our solutions.

“As we conclude another fiscal year, I have never been more excited about the potential for Korn Ferry, the impact we have on clients and our We Are Korn Ferry mindset that is furthering collaboration across our firm. I am incredibly proud of our colleagues around the world. Their expertise and passion are the catalyst as we unlock potential in people and unleash transformation across organizations.”

Selected Financial Results

(dollars in millions, except per share amounts) (a)

  Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Fee revenue

$

759.8

$

712.0

$

2,907.5

$

2,730.1

Total revenue

$

768.3

$

719.8

$

2,938.6

$

2,761.1

Estimated remaining fees under existing contracts (b)

$

1,883.0

$

1,709.6

$

1,883.0

$

1,709.6

Net income attributable to Korn Ferry

$

73.1

$

64.2

$

277.4

$

246.1

Net income attributable to Korn Ferry margin

9.6

%

9.0

%

9.5

%

9.0

%

Basic earnings per share

$

1.42

$

1.23

$

5.33

$

4.69

Diluted earnings per share

$

1.39

$

1.21

$

5.22

$

4.60

Adjusted Results (c):

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Adjusted EBITDA

$

129.5

$

121.1

$

497.8

$

463.9

Adjusted EBITDA margin

17.0

%

17.0

%

17.1

%

17.0

%

Adjusted net income attributable to Korn Ferry (d)

$

73.5

$

70.1

$

280.9

$

261.2

Adjusted basic earnings per share (d)

$

1.43

$

1.34

$

5.40

$

4.98

Adjusted diluted earnings per share (d)

$

1.40

$

1.32

$

5.28

$

4.88

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Management separation charges are contractual
obligations due upon executive's death

$

—

$

4.6

$

—

$

4.6

Integration/acquisition costs

$

—

$

1.7

$

4.4

$

8.8

Restructuring charges, net

$

—

$

—

$

—

$

1.9

Impairment of fixed assets

$

—

$

—

$

—

$

0.5

Impairment of right-of-use assets

$

—

$

—

$

—

$

2.5

Gain on modification of office lease

$

—

$

—

$

(13.9

)

$

—

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Accelerated depreciation on Digital platform

$

—

$

—

$

13.8

$

—

Tax effect on the adjusted items

$

0.4

$

(0.5

)

$

(0.9

)

$

(3.2

)

Fiscal 2026 Fourth Quarter Results

The Company reported fee revenue in Q4 FY'26 of $759.8 million, an increase of 7% year-over-year (up 5.0% at constant currency), led by Professional Search & Interim up 14%, followed by Executive Search and Consulting, both up 7% and RPO up 5%.

Net income attributable to Korn Ferry was $73.1 million with a margin of 9.6% in Q4 FY'26, compared to Q4 FY'25 net income attributable to Korn Ferry of $64.2 million with a margin of 9.0%, an increase of 60bps. Adjusted EBITDA was $129.5 million in Q4 FY'26 compared to $121.1 million in Q4 FY'25. Adjusted EBITDA margin was 17.0% in both Q4 FY'26 and Q4 FY'25. Increases in net income attributable to Korn Ferry and margin, as well as Adjusted EBITDA, were primarily due to an increase in fee revenue, partially offset by increases in compensation and benefits expenses and costs of services.

Fiscal 2026 Full Year Results

The Company reported fee revenue in FY'26 of $2,907.5 million, an increase of 7% year-over-year (up 5% at constant currency), led by Professional Search & Interim up 11%, Executive Search up 9%, and Consulting and RPO, both up approximately 4%.

Net income attributable to Korn Ferry was $277.4 million with a margin of 9.5% in FY'26, compared to net income attributable to Korn Ferry of $246.1 million with a margin of 9.0% in FY'25, an increase of 50bps. Adjusted EBITDA was $497.8 million in FY'26 compared to $463.9 million in FY'25. Adjusted EBITDA margin was 17.1% in FY'26, essentially flat compared to the year-ago period. Increases in net income attributable to Korn Ferry and margin, as well as Adjusted EBITDA, were primarily due to an increase in fee revenue, partially offset by increases in compensation and benefits expenses and cost of services.

Results by Solution

Selected Consulting Data

(dollars in millions) (a)

  Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Fee revenue

$

181.9

$

169.4

$

691.7

$

662.7

Total revenue

$

185.3

$

172.5

$

704.1

$

674.1

Estimated remaining fees under existing contracts (b)

$

390.1

$

367.7

$

390.1

$

367.7

Ending number of consultants and execution staff (c)

1,522

1,599

1,522

1,599

Hours worked in thousands (d)

366

373

1,426

1,510

Average bill rate (e)

$

442

$

413

$

458

$

439

Adjusted Results (f):

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Adjusted EBITDA

$

30.9

$

29.1

$

118.4

$

115.5

Adjusted EBITDA margin

17.0

%

17.2

%

17.1

%

17.4

%

____________________ (a)

Numbers may not total due to rounding.

(b)

Estimated fee revenue associated with signed contracts for which revenue has not yet been recognized.

(c)

Represents number of employees originating, delivering and executing consulting services.

(d)

The number of hours worked by consultant and execution staff during the period.

(e)

The amount of fee revenue divided by the number of hours worked by consultants and execution staff.

(f)

Adjusted results exclude the following:

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Management separation charges (g)

$

—

$

4.6

$

—

$

4.6

Restructuring charges, net

$

—

$

—

$

—

$

1.7

Gain on modification of office lease

$

—

$

—

$

(4.1

)

$

—

Fee revenue was $181.9 million in Q4 FY'26 compared to $169.4 million in Q4 FY'25, an increase of $12.5 million or 7% (up 5% on a constant currency basis). The year-over-year increase in Consulting fee revenue was primarily driven by higher fee revenue in leadership development, assessment & succession and organizational strategy offerings.

Adjusted EBITDA was $30.9 million in Q4 FY'26 compared to $29.1 million in the year-ago quarter. Adjusted EBITDA margin was 17.0% in Q4 FY'26, essentially flat compared to the year-ago quarter. The increase in Adjusted EBITDA was primarily from higher fee revenue, partially offset by an increase in compensation and benefits expenses.

Selected Digital Data

(dollars in millions) (a)

  Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Fee revenue

$

89.3

$

91.6

$

363.5

$

363.5

Total revenue

$

89.7

$

91.6

$

364.4

$

363.7

Estimated remaining fees under existing contracts (b)

$

416.9

$

392.6

$

416.9

$

392.6

Ending number of consultants

233

244

233

244

Subscription & License fee revenue

$

38.0

$

34.5

$

148.6

$

137.7

Adjusted Results (c):

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Adjusted EBITDA

$

27.7

$

28.5

$

113.1

$

112.7

Adjusted EBITDA margin

31.0

%

31.1

%

31.1

%

31.0

%

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Impairment of fixed assets

$

—

$

—

$

—

$

0.4

Gain on modification of office lease

$

—

$

—

$

(2.0

)

$

—

Fee revenue was $89.3 million in Q4 FY'26 compared to $91.6 million in Q4 FY'25, a decrease of $2.3 million or 3% (down 6% on a constant currency basis).

Adjusted EBITDA was $27.7 million in Q4 FY'26, compared to $28.5 million in the year-ago quarter. Adjusted EBITDA margin was 31.0%, relatively unchanged from the year-ago quarter.

Selected Executive Search Data(a)

(dollars in millions) (b)

  Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Fee revenue

$

242.0

$

227.0

$

924.1

$

846.2

Total revenue

$

244.1

$

229.1

$

932.1

$

854.1

Estimated remaining fees under existing contracts (c)

$

73.2

$

69.6

$

73.2

$

69.6

Ending number of consultants

566

560

566

560

Average number of consultants

565

560

563

551

Engagements billed

3,794

3,827

9,511

9,151

New engagements (d)

1,712

1,738

6,514

6,325

Adjusted Results (e):

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Adjusted EBITDA

$

64.0

$

54.2

$

237.4

$

206.2

Adjusted EBITDA margin

26.4

%

23.9

%

25.7

%

24.4

%

____________________ (a)

Executive Search is the sum of the individual Executive Search Reporting Segments described in our annual and quarterly reporting on Forms 10-K and 10-Q and is presented on a consolidated basis as it is consistent with the Company’s discussion of its Solutions, and financial metrics used by the Company’s investor base.

(b)

Numbers may not total due to rounding.

(c)

Estimated fee revenue associated with signed contracts for which revenue has not yet been recognized.

(d)

Represents new engagements opened in the respective period.

(e)

Executive Search Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures that adjust for the following:

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Impairment of right-of-use assets

$

—

$

—

$

—

$

2.5

Impairment of fixed assets

$

—

$

—

$

—

$

0.2

Gain on modification of office lease

$

—

$

—

$

(3.7

)

$

—

Restructuring charges, net

$

—

$

—

$

—

$

0.2

Fee revenue was $242.0 million in Q4 FY'26 compared to $227.0 million in Q4 FY'25, an increase of $15.0 million or 7% (up 5% at constant currency). The year-over-year increase in fee revenue was driven by an increase in the weighted-average fees billed per engagement, resulting from more search work at higher levels. The Company experienced fee revenue growth in all regions.

Adjusted EBITDA was $64.0 million in Q4 FY'26 compared to $54.2 million in the year-ago quarter, an increase of $9.8 million or 18% year-over-year. Adjusted EBITDA margin was 26.4%, compared to 23.9% in the year-ago quarter. The increase in Adjusted EBITDA and Adjusted EBITDA margin was primarily due to an increase in fee revenue combined with lower general and administrative expenses, partially offset by an increase in compensation and benefits expenses.

Selected Professional Search & Interim Data

(dollars in millions) (a)

  Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Fee revenue

$

149.1

$

130.7

$

561.1

$

503.5

Total revenue

$

150.4

$

131.7

$

566.3

$

507.2

Permanent Placement:

Fee revenue

$

59.8

$

50.9

$

222.4

$

203.8

Estimated remaining fees under existing contracts (b)

$

16.5

$

14.1

$

16.5

$

14.1

Engagements billed

1,784

1,829

4,835

4,830

New engagements (c)

1,034

1,009

3,902

3,811

Ending number of consultants

290

309

290

309

Interim:

Fee revenue

$

89.3

$

79.8

$

338.7

$

299.7

Estimated remaining fees under existing contracts (b)

$

144.1

$

107.6

$

144.1

$

107.6

Average bill rate (d)

$

151

$

131

$

145

$

133

Average weekly billable consultants (e)

1,234

1,301

1,237

1,168

Adjusted Results (f):

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Adjusted EBITDA

$

33.9

$

27.4

$

121.2

$

107.6

Adjusted EBITDA margin

22.7

%

21.0

%

21.6

%

21.4

%

____________________ (a)

Numbers may not total due to rounding.

(b)

Estimated fee revenue associated with signed contracts for which revenue has not yet been recognized.

(c)

Represents new engagements opened in the respective period.

(d)

Fee revenue from interim divided by the number of hours worked by consultants.

(e)

The number of billable consultants based on a weekly average in the respective period.

(f)

Adjusted results exclude the following:

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Integration/acquisition costs

$

—

$

1.6

$

4.4

$

6.0

Gain on modification of office lease

$

—

$

—

$

(2.6

)

$

—

Fee revenue was $149.1 million in Q4 FY'26 compared to $130.7 million in Q4 FY'25, an increase of $18.4 million or 14% (up 12% at constant currency). Fee revenue increased due to higher fee revenues in both Permanent Placement and Interim. The year-over-year increase in Interim fee revenue was primarily due to a 15% increase in average bill rate. The year-over-year increase in Permanent Placement fee revenue was driven by an increase in the weighted-average fee billed per engagement.

Adjusted EBITDA was $33.9 million in Q4 FY'26 compared to $27.4 million in the year-ago quarter. Adjusted EBITDA margin was 22.7% in Q4 FY'26 compared to 21.0% in the year-ago quarter. The increase in Adjusted EBITDA and Adjusted EBITDA margin was due to an increase in fee revenue, partially offset by increases in compensation and benefits expenses and cost of services.

Selected Recruitment Process Outsourcing ("RPO") Data

(dollars in millions) (a)

  Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Fee revenue

$

97.6

$

93.3

$

367.1

$

354.1

Total revenue

$

98.7

$

94.8

$

371.8

$

362.0

Estimated remaining fees under existing contracts (b)

$

842.2

$

758.0

$

842.2

$

758.0

RPO new business (c)

$

137.2

$

118.8

$

543.9

$

533.4

Adjusted Results (d):

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Adjusted EBITDA

$

15.5

$

14.5

$

57.7

$

52.6

Adjusted EBITDA margin

15.8

%

15.5

%

15.7

%

14.9

%

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Gain on modification of office lease

$

—

$

—

$

(1.5

)

$

—

Fee revenue was $97.6 million in Q4 FY'26 compared to $93.3 million in Q4 FY'25, an increase of $4.3 million or 5% (up 3% at constant currency). RPO fee revenue increased primarily due to new logo client wins in North America.

Adjusted EBITDA was $15.5 million in Q4 FY'26 compared to $14.5 million in the year-ago quarter. Adjusted EBITDA margin was 15.8% in Q4 FY'26, compared to 15.5% in Q4 FY'25.

Outlook

Assuming no material negative impact from the recent Middle East conflict and that other worldwide geopolitical conditions, economic conditions, financial markets and foreign exchange rates remain steady, on a consolidated basis:

Q1 FY’27 fee revenue is expected to be in the range of $725 million and $745 million; and Q1 FY’27 diluted earnings per share is expected to range between $1.32 to $1.38. Earnings Conference Call Webcast

The earnings conference call will be held today at 12:00 PM (EDT) and hosted by CEO Gary Burnison, CFO Robert Rozek, SVP Business Development & Analytics Gregg Kvochak and VP Investor Relations Tiffany Louder. The conference call will be webcast and available online at ir.kornferry.com. We will also post to the investor relations section of our website earnings slides, which will accompany our webcast, and other important information, and encourage you to review the information that we make available on our website.

About Korn Ferry

Korn Ferry is a global consulting firm that powers performance. We unlock the potential in your people and unleash transformation across your business—synchronizing strategy, operations, and talent to accelerate performance, fuel growth, and inspire a legacy of change. That’s why the world’s most forward-thinking companies across every major industry turn to us—for a shared commitment to lasting impact and the bold ambition to Be More Than.

Forward-Looking Statements

Statements in this press release and our conference call that relate to our outlook, projections, goals, strategies, future plans and expectations, including statements relating to expected labor market conditions, expected demand for and relevance of our products and services, expected results of our business diversification strategy, impact of global events on our business, and other statements of future events or conditions are forward-looking statements that involve a number of risks and uncertainties. Words such as “believes”, “expects”, “anticipates”, “goals”, “estimates”, “guidance”, “may”, “should”, “could”, “will” or “likely”, and variations of such words and similar expressions are intended to identify such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Such statements are based on current expectations; actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties that are beyond the control of Korn Ferry. The potential risks and uncertainties include those relating to global and local political and or economic developments in or affecting countries where we have operations, such as inflation, trade wars, interest rates, labor market conditions, global slowdowns, or recessions, competition, geopolitical tensions, including the recent Middle East conflict, shifts in global trade patterns, changes in demand for our services as a result of automation, dependence on and costs of attracting and retaining qualified and experienced consultants, impact of inflationary pressures on our profitability, our ability to maintain relationships with customers and suppliers and retaining key employees, maintaining our brand name and professional reputation, potential legal liability and regulatory developments, portability of client relationships, consolidation of or within the industries we serve, changes and developments in government laws and regulations, evolving investor and customer expectations with regard to corporate responsibility matters, currency fluctuations in our international operations, risks related to growth, alignment of our cost structure, including as a result of recent workforce, real estate, and other restructuring initiatives, restrictions imposed by off-limits agreements, reliance on information processing systems, cyber security vulnerabilities or events, changes to data security, data privacy, and data protection laws, dependence on third parties for the execution of critical functions, limited protection of our intellectual property, our ability to enhance, develop and respond to new technology, including artificial intelligence, our ability to successfully recover from a disaster or other business continuity problems, employment liability risk, an impairment in the carrying value of goodwill and other intangible assets, treaties, or regulations on our business and our Company, deferred tax assets that we may not be able to use, our ability to develop new products and services, changes in our accounting estimates and assumptions, the utilization and billing rates of our consultants, seasonality, the use of social media platforms, the ability to effect acquisitions and integrate acquired businesses, resulting organizational changes, our indebtedness, and those relating to the ultimate magnitude and duration of any pandemic or outbreaks. For a detailed description of risks and uncertainties that could cause differences from our expectations, please refer to Korn Ferry’s periodic filings with the Securities and Exchange Commission. Korn Ferry disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Use of Non-GAAP Financial Measures

This press release contains financial information calculated other than in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). In particular, it includes:

Adjusted net income attributable to Korn Ferry, adjusted to exclude accelerated depreciation on our Digital platform, management separation charges, integration/acquisition costs, restructuring charges, impairment of fixed assets, impairment of right-of-use assets and gain on modification of an office lease, net of income tax effect; Adjusted basic and diluted earnings per share, adjusted to exclude cost associated with accelerated depreciation on our Digital platform, management separation charges, integration/acquisition costs, restructuring charges, impairment of fixed assets, impairment of right-of-use assets and gain on modification of an office lease, net of income tax effect; Constant currency (calculated using a quarterly average) percentages that represent the percentage change that would have resulted had exchange rates in the prior period been the same as those in effect in the current period; and Consolidated and Executive Search Adjusted EBITDA, which is earnings before interest, taxes, depreciation and amortization, further adjusted to exclude management separation charges, integration/acquisition costs, restructuring charges, impairment of fixed assets, impairment of right-of-use assets and gain on modification of an office lease, net when applicable, and Consolidated and Executive Search Adjusted EBITDA margin. This non-GAAP disclosure has limitations as an analytical tool, should not be viewed as a substitute for financial information determined in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of the Company’s results as reported under GAAP, nor is it necessarily comparable to non-GAAP performance measures that may be presented by other companies.

Management believes the presentation of non-GAAP financial measures in this press release provides meaningful supplemental information regarding Korn Ferry’s performance by excluding certain items that may not be indicative of Korn Ferry’s ongoing operating results. These non-GAAP financial measures are performance measures and are not indicative of the liquidity of Korn Ferry. These items, which are described in the footnotes in the attached reconciliations, represent 1) costs associated with previous acquisitions, such as legal and professional fees, retention awards and on-going integration expenses, 2) gain on modification of an office lease where the Company received lease incentives to shorten the lease term, 3) restructuring charges, net to align workforce to eliminate excess capacity resulting from challenging macroeconomic business environment, 4) accelerated depreciation associated with the decision to sunset our Digital platform, 5) impairment of fixed assets primarily due to software impairment charge in our Digital segment, 6) impairment of right-of-use assets due to the decision to terminate and sublease some of our offices and 7) management separation charges due to contractual obligations due upon executive's death. The use of non-GAAP financial measures facilitates comparisons to Korn Ferry’s historical performance. Korn Ferry includes non-GAAP financial measures because management believes they are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its evaluation of Korn Ferry’s ongoing operations and financial and operational decision-making. Adjusted net income attributable to Korn Ferry, adjusted basic and diluted earnings per share and Consolidated and Executive Search Adjusted EBITDA, exclude certain charges that management does not consider on-going in nature and allows management and investors to make more meaningful period-to-period comparisons of the Company’s operating results. Management further believes that Consolidated and Executive Search Adjusted EBITDA is useful to investors because it is frequently used by investors and other interested parties to measure operating performance among companies with different capital structures, effective tax rates and tax attributes and capitalized asset values, all of which can vary substantially from company to company. In the case of constant currency percentages, management believes the presentation of such information provides useful supplemental information regarding Korn Ferry's performance as excluding the impact of exchange rate changes on Korn Ferry's financial performance allows investors to make more meaningful period-to-period comparisons of the Company’s operating results, to better identify operating trends that may otherwise be masked or distorted by exchange rate changes and to perform related trend analysis, and provides a higher degree of transparency of information used by management in its evaluation of Korn Ferry's ongoing operations and financial and operational decision-making.

  KORN FERRY AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except per share amounts)

  Three Months Ended
April 30,

Year Ended
April 30,

2026

2025

2026

2025

(unaudited)

Fee revenue

$

759,772

$

712,048

$

2,907,469

$

2,730,088

Reimbursed out-of-pocket engagement expenses

8,484

7,779

31,172

30,998

Total revenue

768,256

719,827

2,938,641

2,761,086

Compensation and benefits

486,737

443,503

1,867,005

1,758,024

General and administrative expenses

67,659

68,623

247,727

258,488

Reimbursed expenses

8,484

7,779

31,172

30,998

Cost of services

82,262

74,827

319,150

285,075

Depreciation and amortization

21,591

20,531

98,844

80,287

Restructuring charges, net

—

—

—

1,892

Total operating expenses

666,733

615,263

2,563,898

2,414,764

Operating income

101,523

104,564

374,743

346,322

Other income (loss), net

6,410

(10,306

)

33,705

18,953

Interest expense, net

(5,056

)

(5,331

)

(19,998

)

(20,363

)

Income before provision for income taxes

102,877

88,927

388,450

344,912

Income tax provision

29,052

23,789

107,630

93,836

Net income

73,825

65,138

280,820

251,076

Net income attributable to noncontrolling interest

(691

)

(894

)

(3,386

)

(5,014

)

Net income attributable to Korn Ferry

$

73,134

$

64,244

$

277,434

$

246,062

Earnings per common share attributable to Korn Ferry:

Basic

$

1.42

$

1.23

$

5.33

$

4.69

Diluted

$

1.39

$

1.21

$

5.22

$

4.60

Weighted-average common shares outstanding:

Basic

50,932

51,599

51,428

51,778

Diluted

51,922

52,504

52,519

52,806

  KORN FERRY AND SUBSIDIARIES

FINANCIAL SUMMARY BY REPORTING SEGMENT

(dollars in thousands)

(unaudited)

  Three Months Ended April 30,

Year Ended April 30,

2026

2025

% Change

2026

2025

% Change

Fee revenue:

Consulting

$

181,920

$

169,363

7.4

%

$

691,654

$

662,708

4.4

%

Digital

89,282

91,634

(2.6

%)

363,523

363,530

—

%

Executive Search:

North America

156,095

143,014

9.1

%

583,394

535,921

8.9

%

EMEA

54,135

53,479

1.2

%

215,134

194,088

10.8

%

Asia Pacific

24,622

23,630

4.2

%

97,527

87,337

11.7

%

Latin America

7,099

6,880

3.2

%

28,049

28,862

(2.8

%)

Total Executive Search (a)

241,951

227,003

6.6

%

924,104

846,208

9.2

%

Professional Search & Interim

149,060

130,710

14.0

%

561,077

503,515

11.4

%

RPO

97,559

93,338

4.5

%

367,111

354,127

3.7

%

Total fee revenue

759,772

712,048

6.7

%

2,907,469

2,730,088

6.5

%

Reimbursed out-of-pocket engagement expenses

8,484

7,779

9.1

%

31,172

30,998

0.6

%

Total revenue

$

768,256

$

719,827

6.7

%

$

2,938,641

$

2,761,086

6.4

%

KORN FERRY AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share amounts)

  April 30,
2026

April 30,
2025

ASSETS

Cash and cash equivalents

$

1,095,445

$

1,006,964

Marketable securities

38,914

36,388

Receivables due from clients, net of allowance for doubtful accounts of $42,527 and $40,461 at April 30, 2026 and 2025, respectively

573,350

565,255

Income taxes and other receivables

75,410

38,394

Unearned compensation

64,421

61,649

Prepaid expenses and other assets

58,437

41,488

Total current assets

1,905,977

1,750,138

Marketable securities, non-current

247,132

233,626

Property and equipment, net

191,531

173,610

Operating lease right-of-use assets, net

170,986

152,712

Cash surrender value of company-owned life insurance policies, net of loans

289,058

252,621

Deferred income taxes

113,207

144,560

Goodwill

950,636

948,832

Intangible assets, net

45,858

70,193

Unearned compensation, non-current

118,592

106,965

Investments and other assets

31,799

27,967

Total assets

$

4,064,776

$

3,861,224

LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable

$

49,682

$

58,884

Income taxes payable

19,573

23,079

Compensation and benefits payable

570,242

530,473

Operating lease liability, current

28,111

38,573

Other accrued liabilities

314,402

304,589

Total current liabilities

982,010

955,598

Deferred compensation and other retirement plans

510,774

477,770

Operating lease liability, non-current

164,899

131,762

Long-term debt

398,565

397,736

Deferred tax liabilities

5,723

5,981

Other liabilities

23,902

20,238

Total liabilities

2,085,873

1,989,085

Stockholders' equity

Common stock: $0.01 par value, 150,000 shares authorized, 79,203 and 78,264 shares issued and 50,225 and 51,458 shares outstanding at April 30, 2026 and 2025, respectively

284,370

364,425

Retained earnings

1,761,063

1,588,274

Accumulated other comprehensive loss, net

(72,827

)

(86,243

)

Total Korn Ferry stockholders' equity

1,972,606

1,866,456

Noncontrolling interest

6,297

5,683

Total stockholders' equity

1,978,903

1,872,139

Total liabilities and stockholders' equity

$

4,064,776

$

3,861,224

  KORN FERRY AND SUBSIDIARIES

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

(dollars in thousands)

(unaudited)

  Three Months Ended
April 30,

Year Ended
April 30,

2026

2025

2026

2025

Net income attributable to Korn Ferry

$

73,134

$

64,244

$

277,434

$

246,062

Net income attributable to non-controlling interest

691

894

3,386

5,014

Net income

73,825

65,138

280,820

251,076

Income tax provision

29,052

23,789

107,630

93,836

Income before provision for income taxes

102,877

88,927

388,450

344,912

Interest expense, net

5,056

5,331

19,998

20,363

Depreciation and amortization (1)

21,591

20,531

98,844

80,287

Management separation charges (2)

—

4,614

—

4,614

Integration/acquisition costs (3)

—

1,738

4,420

8,837

Gain on modification of office lease (4)

—

—

(13,907

)

—

Impairment of right-of-use assets (5)

—

—

—

2,452

Impairment of fixed assets (6)

—

—

—

509

Restructuring charges, net (7)

—

—

—

1,892

Adjusted EBITDA

$

129,524

$

121,141

$

497,805

$

463,866

Net income attributable to Korn Ferry margin

9.6

%

9.0

%

9.5

%

9.0

%

Net income attributable to non-controlling interest

0.1

%

0.1

%

0.1

%

0.2

%

Income tax provision

3.8

%

3.3

%

3.7

%

3.4

%

Interest expense, net

0.7

%

0.8

%

0.7

%

0.8

%

Depreciation and amortization (1)

2.8

%

2.9

%

3.4

%

2.9

%

Management separation charges (2)

—

%

0.7

%

—

%

0.2

%

Integration/acquisition costs (3)

—

%

0.2

%

0.2

%

0.3

%

Gain on modification of office lease (4)

—

%

—

%

(0.5

%)

—

%

Impairment of right-of-use assets (5)

—

%

—

%

—

%

0.1

%

Impairment of fixed assets (6)

—

%

—

%

—

%

0.0

%

Restructuring charges, net (7)

—

%

—

%

—

%

0.1

%

Adjusted EBITDA margin

17.0

%

17.0

%

17.1

%

17.0

%

Net income attributable to Korn Ferry

$

73,134

$

64,244

$

277,434

$

246,062

Accelerated depreciation on Digital platform (1)

—

—

13,846

—

Management separation charges (2)

—

4,614

—

4,614

Integration/acquisition costs (3)

—

1,738

4,420

8,837

Gain on modification of office lease (4)

—

—

(13,907

)

—

Impairment of right-of-use assets (5)

—

—

—

2,452

Impairment of fixed assets (6)

—

—

—

509

Restructuring charges, net (7)

—

—

—

1,892

Tax effect on the adjusted items (8)

380

(487

)

(863

)

(3,187

)

Adjusted net income attributable to Korn Ferry

$

73,514

$

70,109

$

280,930

$

261,179

Explanation of Non-GAAP Adjustments

(1)

Depreciation and amortization includes $13.8 million of accelerated depreciation associated with the decision to sunset our Digital platform in the year ended April 30, 2026.

(2)

Contractual obligations due upon executive's death.

(3)

Costs associated with previous acquisitions, such as legal and professional fees, retention awards and the on-going integration expenses.

(4)

Gain on the modification of an office lease where the Company received lease incentives to shorten the lease term.

(5)

Costs associated with impairment of right-of-use assets due to terminating and deciding to sublease some of our offices.

(6)

Costs associated with impairment of fixed assets primarily due to software impairment charge in our Digital segment.

(7)

Restructuring charges incurred to align our workforce to eliminate excess capacity resulting from challenging macroeconomic business environment.

(8)

Tax effect on accelerated depreciation on Digital platform, management separation charges, integration/acquisition costs, gain on modification of office lease, impairment of right-of-use assets and fixed assets, and restructuring charges, net.

KORN FERRY AND SUBSIDIARIES

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES - CONTINUED

(unaudited)

  Three Months Ended
April 30,

Year Ended
April 30,

2026

2025

2026

2025

Basic earnings per common share

$

1.42

$

1.23

$

5.33

$

4.69

Accelerated depreciation on Digital platform (1)

—

—

0.27

—

Management separation charges (2)

—

0.09

—

0.09

Integration/acquisition costs (3)

—

0.03

0.09

0.17

Gain on modification of office lease (4)

—

—

(0.27

)

—

Impairment of right-of-use assets (5)

—

—

—

0.05

Impairment of fixed assets (6)

—

—

—

0.01

Restructuring charges, net (7)

—

—

—

0.03

Tax effect on the adjusted items (8)

0.01

(0.01

)

(0.02

)

(0.06

)

Adjusted basic earnings per share

$

1.43

$

1.34

$

5.40

$

4.98

Diluted earnings per common share

$

1.39

$

1.21

$

5.22

$

4.60

Accelerated depreciation on Digital platform (1)

—

—

0.26

—

Management separation charges (2)

—

0.09

—

0.09

Integration/acquisition costs (3)

—

0.03

0.08

0.16

Gain on modification of office lease (4)

—

—

(0.26

)

—

Impairment of right-of-use assets (5)

—

—

—

0.05

Impairment of fixed assets (6)

—

—

—

0.01

Restructuring charges, net (7)

—

—

—

0.03

Tax effect on the adjusted items (8)

0.01

(0.01

)

(0.02

)

(0.06

)

Adjusted diluted earnings per share

$

1.40

$

1.32

$

5.28

$

4.88

Explanation of Non-GAAP Adjustments

(1)

Depreciation and amortization includes $13.8 million of accelerated depreciation associated with the decision to sunset our Digital platform in the year ended April 30, 2026.

(2)

Contractual obligations due upon executive's death.

(3)

Costs associated with previous acquisitions, such as legal and professional fees, retention awards and the on-going integration expenses.

(4)

Gain on the modification of an office lease where the Company received lease incentives to shorten the lease term.

(5)

Costs associated with impairment of right-of-use assets due to terminating and deciding to sublease some of our offices.

(6)

Costs associated with impairment of fixed assets primarily due to software impairment charge in our Digital segment.

(7)

Restructuring charges incurred to align our workforce to eliminate excess capacity resulting from challenging macroeconomic business environment.

(8)

Tax effect on accelerated depreciation on Digital platform, management separation charges, integration/acquisition costs, gain on modification of office lease, impairment of right-of-use assets and fixed assets, and restructuring charges, net.

KORN FERRY AND SUBSIDIARIES

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES - CONTINUED

(dollars in thousands)

(unaudited)

  Three Months Ended April 30,

2026

2025

Net income attributable to

Korn Ferry

Net income attributable to

Korn Ferry margin

Net income attributable to

Korn Ferry

Net income attributable to

Korn Ferry margin

Consolidated

$

73,134

9.6

%

$

64,244

9.0

%

Fee revenue

Total revenue

Adjusted EBITDA

Adjusted EBITDA margin

Fee revenue

Total revenue

Adjusted EBITDA

Adjusted EBITDA margin

Consulting

$

181,920

$

185,298

$

30,923

17.0

%

$

169,363

$

172,537

$

29,055

17.2

%

Digital

89,282

89,702

27,691

31.0

%

91,634

91,642

28,477

31.1

%

Executive Search:

North America

156,095

157,748

48,371

31.0

%

143,014

144,673

39,062

27.3

%

EMEA

54,135

54,440

9,199

17.0

%

53,479

53,773

9,092

17.0

%

Asia Pacific

24,622

24,817

5,290

21.5

%

23,630

23,802

4,965

21.0

%

Latin America

7,099

7,108

1,106

15.6

%

6,880

6,884

1,103

16.0

%

Total Executive Search

241,951

244,113

63,966

26.4

%

227,003

229,132

54,222

23.9

%

Professional Search & Interim

149,060

150,419

33,863

22.7

%

130,710

131,674

27,426

21.0

%

RPO

97,559

98,724

15,455

15.8

%

93,338

94,842

14,499

15.5

%

Corporate

—

—

(42,374

)

—

—

(32,538

)

Consolidated

$

759,772

$

768,256

$

129,524

17.0

%

$

712,048

$

719,827

$

121,141

17.0

%

Year Ended April 30,

2026

2025

Net income attributable to

Korn Ferry

Net income attributable to

Korn Ferry margin

Net income attributable to

Korn Ferry

Net income attributable to

Korn Ferry margin

Consolidated

$

277,434

9.5

%

$

246,062

9.0

%

Fee revenue

Total revenue

Adjusted EBITDA

Adjusted EBITDA margin

Fee revenue

Total revenue

Adjusted EBITDA

Adjusted EBITDA margin

Consulting

$

691,654

$

704,129

$

118,413

17.1

%

$

662,708

$

674,070

$

115,481

17.4

%

Digital

363,523

364,383

113,129

31.1

%

363,530

363,727

112,696

31.0

%

Executive Search:

North America

583,394

589,313

173,703

29.8

%

535,921

542,068

148,242

27.7

%

EMEA

215,134

216,517

36,572

17.0

%

194,088

195,268

31,689

16.3

%

Asia Pacific

97,527

98,138

21,475

22.0

%

87,337

87,840

18,119

20.7

%

Latin America

28,049

28,092

5,603

20.0

%

28,862

28,876

8,149

28.2

%

Total Executive Search

924,104

932,060

237,353

25.7

%

846,208

854,052

206,199

24.4

%

Professional Search & Interim

561,077

566,253

121,156

21.6

%

503,515

507,246

107,600

21.4

%

RPO

367,111

371,816

57,658

15.7

%

354,127

361,991

52,635

14.9

%

Corporate

—

—

(149,904

)

—

—

(130,745

)

Consolidated

$

2,907,469

$

2,938,641

$

497,805

17.1

%

$

2,730,088

$

2,761,086

$

463,866

17.0

%

Korn/Ferry KFY shares are on the rise following the release of its Q4 (April) earnings report. The company surpassed EPS expectations and reported a 6.7% year-over-year increase in fee revenue, totaling $759.8 million, which also exceeded forecasts. For Q1, KFY anticipates EPS between $1.32 and $1.38 and fee revenue in the range of $725 to $745 million, aligning with market expectations. The midpoints of $1.35 for EPS and $735 million for revenue slightly outpace predictions.

Segment Performance: Growth was broad across four of KFY's five solutions. The Professional Search & Interim segment led with a 14% increase to $149.1 million. Executive Search and Consulting each grew by 7%, while RPO saw a 5% increase. However, Digital experienced a 3% decline, despite a 10% rise in subscription and license revenue. Growth Drivers: The increase in Executive Search was fueled by higher average fees and a greater focus on senior-level assignments, despite a flat number of new assignments. Professional Search & Interim also saw double-digit growth in permanent placements and interim new business. Backlog and Visibility: KFY concluded Q4 with $1.88 billion in estimated remaining fees from existing contracts, a 10% year-over-year increase from $1.85 billion in Q3. Of this, $1.06 billion is expected to materialize over the next 12 months. However, new business growth moderated sequentially to 2%, excluding RPO, down from 11% in Q3. Margins: Adjusted EBITDA rose by 7% to $129.5 million, but the margin remained flat year-over-year at 17.0%, slightly below KFY's previous outlook of 17.1-17.3%. Increased compensation and service costs restricted margin expansion, despite stronger margins in Executive Search and Professional Search & Interim. The Q4 results indicate a solid close to FY26, showcasing the advantages of KFY's comprehensive talent and organizational consulting approach. Despite a tough hiring environment, four out of five solutions experienced growth, particularly in Professional Search & Interim. The Executive Search segment remained robust due to higher fees and senior-level assignments. With a 10% year-over-year increase in backlog and over $1 billion expected to convert in the next year, KFY shows promising visibility. However, a slowdown in new business growth, a decline in Digital revenue, and flat consolidated adjusted EBITDA margins highlight areas needing attention. The Q1 outlook suggests continued growth, albeit without a sharp acceleration, supporting KFY’s diversification strategy.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Korn Ferry (KFY) Q4 2026 Earnings Call Transcript

Korn Ferry (NYSE:KFY) on Tuesday reported better-than-expected fiscal fourth-quarter 2026 results.

Revenue increased 6.7% year over year to $768.3 million, exceeding analysts’ estimate of $743.3 million. Fee revenue rose 7% to $759.8 million, or 5% on a constant-currency basis. Adjusted diluted EPS climbed to $1.40 from $1.32, topping the consensus estimate of $1.38.

"I am very pleased with our quarterly performance. This marks our fifth consecutive quarter of top-line growth, underscoring the strength of our strategy and the increasing relevance of our solutions – all amid an uneven economic environment," CEO Gary D. Burnison said.

For the first quarter of fiscal 2027, Korn Ferry expects fee revenue between $725 million and $745 million. The company forecast GAAP diluted EPS of $1.32 to $1.38, compared with the analyst estimate of $1.33.

The outlook assumes no material adverse impact from the recent Middle East conflict and stable geopolitical, economic, financial market and foreign exchange conditions.

Korn Ferry shares rose 0.4% to trade at $72.12 on Wednesday.

These analysts made changes to their price targets on Korn Ferry following earnings announcement.

Baird analyst Mark Marcon maintained the stock with an Outperform rating and raised the price target from $84 to $85. UBS analyst Joshua Chan maintained Korn Ferry with a Neutral and raised the price target from $70 to $75. Considering buying KFY stock? Here’s what analysts think:

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On June 22, 2026, FTI Consulting Inc FCN shares fell 3.1%, bringing the current price to $141.00. This decline is part of a broader trend, with the stock down 17.5% year-to-date and 11.2% over the past year. The shares have traded between a 52-week high of $189.30 and a low of $137.65.

GF Value™ verdict: Current price of $141.00 is 41.9% below the GF Value™ estimate of $242.54, indicating significant undervaluation.GF Score™ of 84/100 indicates a strong overall performance and potential for higher long-term returns.Notable insider activity shows that insiders have purchased $2.1 million in stock over the last three months, suggesting confidence in the company's future. Is FCN Overvalued or Undervalued? With a current trading price of $141.00 and a GF Value™ of $242.54, FTI Consulting Inc is considered significantly undervalued, with a margin of safety of 41.9%. This presents a notable investment opportunity for those looking to capitalize on undervalued stocks. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.

The undervaluation indicated by the GF Value™ suggests that the market may not fully recognize FCN's earnings potential relative to its intrinsic value. However, investors should remain aware of potential risks, including market volatility and changes in the industry landscape that could affect future performance.

How Does FCN's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 16.8x 24.3x Forward P/E 15.2x N/A Currently, FCN's P/E (TTM) of 16.8x is 31% below its 5-year median P/E of 24.3x, indicating that the stock is trading significantly below its historical valuation levels. This P/E analysis aligns with the GF Value™ verdict, reinforcing the idea that the stock is undervalued based on both intrinsic assessments and historical performance.

What Does FCN's GF Score™ Tell Us? Metric Rating GF Score™ 84 Financial Strength 7/10 Profitability 9/10 Growth 9/10 Valuation 4/10 Momentum 3/10 The GF Score™ of 84/100 highlights FTI Consulting's strong performance across several key metrics, particularly in Profitability (9/10) and Growth (9/10). However, the weaker Valuation (4/10) and Momentum (3/10) scores suggest that while the company has solid fundamentals, it is currently experiencing challenges in market performance and valuation perception. The combination of these scores indicates a robust company that is facing short-term market pressures.

What Are Insiders Doing with FCN Stock? Recent insider activity shows that insiders have bought $2.1 million worth of FTI Consulting stock in the last three months, with no recorded selling. This pattern suggests a strong level of confidence among insiders regarding the company's future performance and potential for recovery. Such buying can often be a bullish signal, indicating that those closest to the company believe its stock is undervalued.

Overall, the lack of selling and the substantial insider purchases reflect a positive outlook from those with the most knowledge of the company's operations.

What This Means for Investors Based on the GF Value™ assessment, FTI Consulting Inc FCN is currently undervalued. The significant gap between the current price and GF Value™ presents an opportunity for long-term investors to consider FCN as a potential investment.

For the complete analysis, visit the FTI Consulting Inc FCN stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is FCN's GF Score™?

FCN's GF Score™ is 84/100, indicating strong overall performance and potential for higher long-term returns.

Is FCN overvalued or undervalued?

FCN is currently undervalued according to the GF Value™, with a significant margin of safety indicating potential upside for investors.

What is FCN's P/E ratio?

FCN's P/E (TTM) is 16.8x, which is significantly below its 5-year median P/E of 24.3x, confirming its undervalued status.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

ALAMEDA, Calif.--(BUSINESS WIRE)--Exelixis, Inc. (Nasdaq: EXEL) today announced results from the final analysis of the dual primary endpoint of overall survival (OS) in the subset of patients without active liver metastases (non-liver metastases, NLM) in the phase 3 STELLAR-303 pivotal trial evaluating zanzalintinib in combination with atezolizumab (Tecentriq®) versus regorafenib in previously treated non-microsatellite instability (MSI)-high metastatic colorectal cancer (mCRC).

Integra LifeSciences specializes in neuro-related surgical devices and regenerative tissue technologies. The tissue reconstruction segment, featuring collagen-based products like Integra Skin and PriMatrix, is positioned as IART's primary future earnings driver. IART suffered significant earnings declines and a 75% share price drop due to FDA-related product recalls and operational lapses at its Boston facility.

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Zacks Premium also includes the Zacks Style Scores.

What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

#1 (Strong Buy) stocks have produced an unmatched +24% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.

With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.

That's where the Style Scores come in.

You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.

Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.

Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Integra LifeSciences (IART - Free Report) Headquartered in Plainsboro, NJ, Integra LifeSciences Holdings Corporation is one of the world leaders in regenerative medicine. The company develops, manufactures and markets surgical implants and medical instruments. In its first-quarter 2026 report, the company renamed two of its segments: Codman Specialty Surgical was renamed Specialty Surgery, while Tissue Technologies was renamed Tissue Reconstruction.

IART is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.

Momentum investors should take note of this Medical stock. IART has a Momentum Style Score of B, and shares are up 16.4% over the past four weeks.

For fiscal 2026, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.13 to $2.45 per share. IART boasts an average earnings surprise of +16.8%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, IART should be on investors' short list.

Key Takeaways MITT, SVM and IART are highlighted as stocks to consider after recent broker rating upgrades.MITT's 2026 earnings are expected to rise 26.7%, with broker ratings up 14.3% in four weeks.SVM and IART have projected earnings growth of 30.4% and 9.9%, respectively, plus recent broker rating gains. U.S. equities have shown resilience year to date, though gains have been highly uneven. After recovering from early volatility, markets have moved higher as strong corporate earnings, AI-driven optimism and a still-supportive economy have helped offset broader macro concerns and hawkish Federal Reserve. Investor sentiment has continued to shift with swings in Treasury yields, oil-price volatility, geopolitical risks (particularly Middle East tensions) and evolving tariff policies.

As such, it is not easy for retail investors to select stocks for generating robust returns over time. One way to cut short this task is to follow brokers’ recommendations. In this regard, stocks such as TPG Mortgage Investment Trust, Inc. (MITT - Free Report) , Silvercorp Metals Inc. (SVM - Free Report) and Integra LifeSciences Holdings Corporation (IART - Free Report) are worth considering.

Broker recommendations are typically based on a comprehensive research process that combines direct access to company management, detailed analysis of public disclosures, participation in earnings calls, channel checks, and broader industry. This allows analysts to assess a company’s fundamentals within the context of macroeconomic trends, industry dynamics, competitive positioning, and peer performance, rather than evaluating the business in isolation.

A broker upgrade often reflects a meaningful improvement in an analyst’s outlook for a company. Such a revision may be driven by several factors that may not yet be fully incorporated into consensus estimates or market valuations. Hence, an upgrade can signal a potential inflection point in earnings expectations and investor sentiment.

However, broker upgrades should not be viewed as standalone investment signals. They are most effective when considered alongside other fundamental and valuation factors. As such, broker recommendations should be used as one component of a broader, well-rounded investment decision-making framework.

Selecting the Winning StrategyWe have a screening strategy that may help you identify potential winners.

Broker Rating Upgrades (Four Weeks) of 1% or More: The screen selects stocks that have witnessed broker rating upgrades of 1% or more over the past four weeks.

Current Price Greater Than $5: The stocks must trade above $5.

Average 20-Day Volume Greater Than 100,000: A large trading volume guarantees that the stock is easily tradable.

Zacks Rank Equal to #1 (Strong Buy) or 2 (Buy): Despite good or bad market conditions, stocks with a Zacks Rank #1 or 2 have a proven record of success. You can see the complete list of today’s Zacks #1 Rank stocks here.

VGM Score of A or B: Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best upside potential.

3 Stocks With Upgraded Broker Ratings to BuyNew York-based TPG Mortgage is a residential mortgage real estate investment trust. MITT’s investment portfolio comprises residential investments, non-agency residential mortgage-backed securities, commercial loans and commercial mortgage-backed securities.

MITT’s 2026 earnings are expected to increase 26.7% year over year. TPG Mortgage, which currently carries a Zacks Rank #2, has witnessed a 14.3% upward revision in broker ratings over the past four weeks.

Silvercorp Metals, based in Canada, acquires, explores, develops and mines mineral properties in China. SVM explores for copper, silver, gold, lead and zinc metals.

Silvercorp Metals’ fiscal 2027 earnings are projected to jump 30.4% on a year-over-year basis. SVM, sporting a Zacks Rank #1 at present, has witnessed a 16.7% upward revision in broker ratings over the past four weeks.

Headquartered in Plainsboro, NJ, Integra LifeSciences is one of the leading names in regenerative medicine. IART develops, manufactures and markets surgical implants and medical instruments.

Integra LifeSciences’ 2026 earnings are expected to rise 9.9% year over year. IART, which currently carries a Zacks Rank #2, has witnessed a 9.1% upward revision in broker ratings over the past four weeks.

Clearwater Analytics (NYSE: CWAN) today released Credit Where It’s Due: The Persistent Rise of Private Credit, its first comprehensive study of how private credit has reshaped institutional portfolios.

The report draws on holdings and transactions data from the Clearwater platform, which spans $10 trillion in institutional assets across 60 asset classes. It documents private credit exposure, examines how the asset class has contributed to returns, and identifies where investment risks concentrate. The findings challenged a narrative centered on systemic contagion. Instead it found the systemic risks were idiosyncratic, concentrated on specific balance sheets that are largely hidden from investors without the right infrastructure.

“At Clearwater, we are no strangers to the rise of private credit. Assets on our platform have grown nearly 20% over the last two years alone,” said Kirat Singh, President of Risk and Alternative Assets at Clearwater Analytics. “This report was born from what we see every day in our data, and it aims to bring a grounded, differentiated perspective to a conversation that is too often driven by headlines rather than evidence.”

Benchmarking private credit has proven difficult. The asset class lacks the standardized reporting infrastructure of public markets, and long-term trend data on institutional allocations have been hard to come by. Clearwater’s platform reconciles holdings daily at the security level across a broad institutional base, making it possible to document how private credit is allocated across insurers, corporate treasurers, and private wealth investors, what it has contributed to returns at a subclass level, and where exposures concentrate.

The data shows how much ground private credit has gained. Median insurer allocations have grown 110% since 2021, reaching 9% of total portfolio assets. Corporate treasurers, who held little private credit a few years ago, have climbed to a median allocation of 2%. Liability structure, regulatory treatment, and access to origination all shape the allocation.

Private credit lacks the contagion mechanisms that made 2008 systemic, without the interconnected leverage and structured exposure that caused cascading failures. Instead, the risks are idiosyncratic, concentrated on individual balance sheets, often across multiple managers, vintage years, and fund vehicles, and largely invisible without the right infrastructure. The report coins a term for this pattern: cross-contamination risk.

Tracking those exposures requires infrastructure that most investors have had to piece together from multiple systems. Technology is closing that gap, providing the look-through visibility and daily reconciliation needed to make idiosyncratic risk manageable rather than invisible.

“Private credit has earned its place in institutional portfolios, and the performance data bears that out,” said Matthew Vegari, Head of Research at Clearwater Analytics. “What the market is still catching up to is the operational and analytical infrastructure needed to manage it. Investors who can see how their exposures interact across a full balance sheet will be better positioned to act on that information, and to manage risk as a source of competitive advantage rather than uncertainty.”

The full report, Credit Where It’s Due: The Persistent Rise of Private Credit, is available at cwan.com/Research-Desk.

About Clearwater Analytics

Clearwater Analytics is transforming investment management with the industry’s most comprehensive cloud-native platform for institutional investors across global public and private markets. While legacy systems create risk, inefficiency, and data fragmentation, Clearwater’s single-instance, multi-tenant architecture delivers real-time data and AI-driven insights throughout the investment lifecycle. The platform eliminates information silos by integrating portfolio management, trading, investment accounting, reconciliation, regulatory reporting, performance, compliance, and risk analytics in one unified system. Serving leading insurers, asset managers, hedge funds, banks, corporations, and governments, Clearwater supports over $10 trillion in assets globally. Learn more at www.cwan.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260624790679/en/

, /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE: BR) today announced that Mark Nichols has joined the company as Co-President, Digital Assets, a move that reinforces Broadridge's ongoing commitment to modernize financial market infrastructure and expand its digital asset capabilities. In his role, Nichols will spearhead Broadridge's strategy, product development, and execution across the tokenization and digital asset arena, along with Co-President German Soto Sanchez.

Broadridge Names Mark Nichols Co-President of Digital Assets "Digital assets are a critical part of the next generation of market infrastructure, and Broadridge is delivering a suite of solutions that support clients and investors in the trading and on-chain governance of tokenized securities with institutional grade scalability, accuracy, compliance, and workflows," said Tim Gokey, CEO of Broadridge. "Mark's combination of strategic vision, market infrastructure expertise, and deep knowledge of tokenization will help us accelerate those efforts and support the adoption of tokenized securities."

Nichols joins Broadridge from Ernst & Young US LLP, where as a Partner, he co-led EY's digital asset consulting business and led its market infrastructure consulting practice. Earlier in his career, he led product across FCM, collateral, and funding within Deutsche Bank's fixed income business.

"Broadridge is uniquely positioned to help shape how digital assets are integrated into the financial system at scale given the important role it plays in supporting trading and governance," said Mark Nichols, Co-President, Digital Assets at Broadridge. "I'm excited to help deliver innovative solutions that will better enable clients to scale and adapt to the future of on-chain finance and tokenization."

About Broadridge's Tokenization Solutions

Broadridge enables on-chain proxy voting and governance, digital asset infrastructure including post trade, wallets and custody, and the scaling of digital asset capabilities across multiple asset classes. Through these innovations, Broadridge is helping financial institutions unlock the next era of digital assets investing.

Broadridge's Distributed Ledger Repo (DLR) solution is the world's largest institutional platform for settling tokenized real assets, tokenizing approximately over $365 billion a day. As tokenization gains momentum across financial services, Broadridge is meeting the complexity of operating across traditional and digital ecosystems with established scale, critical market knowledge, and technological expertise

About Broadridge

Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries.

For more information about us, please visit www.broadridge.com 

Broadridge Contacts:

Investors: 
[email protected]  

Media:
[email protected] 

SOURCE Broadridge Financial Solutions, Inc.

Key Takeaways Sterling ended Q1 2026 with a record $3.8B signed backlog and $5.15B combined backlog.MasTec posted a record $20.3B backlog, with Q1 2026 adjusted EBITDA up 73% year over year.STRL's 2026 and 2027 EPS estimates rose Y/Y, outpacing projected growth for MTZ. The surge in U.S. energy, communications and large-scale development infrastructure spending is being driven by several structural trends that are likely to persist for years rather than quarters. With the explosion in AI-related data center development, the expansion of generation, transmission and distribution network projects has accelerated. Amid this backdrop, infrastructure companies such as Sterling Infrastructure, Inc. (STRL - Free Report) and MasTec, Inc. (MTZ - Free Report) are direct beneficiaries.

Sterling is a diversified U.S. infrastructure services company, which is favoring from the multi-year demand growth visibility and is currently focused on stabilizing its market footing and prospects in the upcoming term through strategic organic or inorganic business efforts. Meanwhile, MasTec, which engages in the engineering, building, installation, maintenance and upgrade of energy, communication and utility, is working on expanding its margins and improving execution.

Let’s closely compare the fundamentals of the two infrastructure stocks to determine which one is a better investment now.

The Case for Sterling StockThis Texas-based infrastructure services provider started its 2026 journey with phenomenal financial performance amid favorable market trends. As mission-critical activity in data centers, advanced manufacturing and semiconductors grows, it is creating numerous project opportunities for the company. STRL ended first-quarter 2026 with a record $3.8 billion signed backlog and $5.15 billion combined backlog, representing year-over-year growth of 78% and 131%, respectively. Besides, its pipeline of high-probability future phase opportunities now exceeds $1.3 billion, bringing its visible work pool close to $6.5 billion. STRL’s CEC business has secured several large project awards since its acquisition, contributing $1.2 billion to the total backlog.

The company’s inorganic moves are encouraging, as the acquired companies not only expand its market footing but also diversify its service portfolio and increase its growth trajectory. Sterling's acquisition of CEC has enhanced its ability to offer integrated site development and mission-critical electrical services under one roof. This strategy improves project coordination, execution efficiency and margin potential while making STRL a more valuable partner for hyperscale data center and semiconductor customers.

Moreover, the recent acquisition of Stone Ridge Contracting, LLC expanded STRL’s geographic footprint in the Pacific Northwest and Texas. Stone Ridge is a Pocatello, ID-based heavy civil, concrete and construction management services provider with services stretching across sectors, including data centers, mining and industrial infrastructure. In 2026, Stone Ridge is expected to generate revenues between $180 million and $200 million, with EBITDA margins projected to be in the mid-teens.

Alongside investing in growth opportunities, Sterling remains committed to enhancing shareholder value through disciplined capital deployment. It repurchased $12.3 million of shares during the first quarter of 2026, reflecting management's confidence in the business and its long-term earnings potential. STRL retains $362 million of share repurchase authorization and intends to be opportunistic after the first quarter’s buyback. Management also notes a richer pipeline of high-quality M&A targets compared with a year ago and cites significant balance sheet firepower. This setup supports selective acquisitions, internal capacity adds and buybacks without stressing leverage, helping cushion timing variability as backlog converts.

The Case for MasTec StockMasTec is also gaining from sustained demand across multiple infrastructure end markets. Communications growth is supported by rising data consumption, fiber deployment and multiyear broadband initiatives, including BEAD funding. Power Delivery demand is driven by grid modernization, system hardening and rising electricity needs, with data centers expected to materially increase power consumption. Clean Energy and Infrastructure is seeing growth across renewables, industrial projects and mission-critical facilities, including data centers. This diversification reduces reliance on any single market and supports more stable long-term growth.

Backlog reached a record $20.3 billion in the first quarter of 2026, increasing approximately 7% sequentially and 28% year over year, supported by a 1.4x book-to-bill ratio. Management highlighted that the backlog does not fully capture ongoing negotiations and verbal awards, indicating additional upside potential. It also highlighted growing opportunities in fiber interconnectivity, transmission infrastructure and turnkey data center construction, positioning MasTec at the center of several multiyear infrastructure trends.

In the first quarter of 2026, MTZ’s adjusted EBITDA increased 73% year over year, with a margin expansion of 170 basis points. Power Delivery and Pipeline segments showed notable margin improvements, supported by better execution and project performance. MasTec expects continued margin expansion across segments in 2026, with full-year EBITDA guidance raised to approximately $1.5 billion and margins improving modestly. This reflects a better project mix, pricing improvements and operational discipline.

However, variability in project timing, dwindling cash flow, increasing inflation risks and global political unrest are proving to be near-term growth restrictions for the company. MasTec operates in markets influenced by government policy and regulatory approvals. Renewable energy investment remains tied to policy frameworks and potential changes to incentive structures could impact project activity in Clean Energy and Infrastructure. These factors introduce uncertainty into project pipelines despite favorable long-term demand trends.

Stock Performance & ValuationAs witnessed from the chart below, in the year-to-date period, Sterling’s share price performance has significantly outperformed MasTec's and the broader Construction sector.

Image Source: Zacks Investment Research

Considering valuation, over the last five years, Sterling has been trading above MasTec on a forward 12-month price-to-earnings (P/E) ratio basis.

Image Source: Zacks Investment Research

Overall, from these technical indicators, it can be deduced that STRL stock offers an accelerating growth trend but with a premium valuation, while MTZ stock offers a diminishing growth trend with a discounted valuation.

Comparing EPS Estimate Trends: STRL vs. MTZThe Zacks Consensus Estimate for STRL’s 2026 and 2027 earnings has trended upward in the past 30 days to $19.31 per share and $27.43 per share, respectively. The estimates for 2026 and 2027 imply year-over-year growth of 77.5% and 42.1%, respectively.

STRL's EPS Trend

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for MTZ’s 2026 and 2027 earnings has trended upward in the past 60 days to $8.86 per share and $11.77 per share, respectively. The revised estimated figures for 2026 and 2027 imply 35.3% and 32.8% year-over-year growth, respectively.

MTZ's EPS Trend

Image Source: Zacks Investment Research

Return on Equity (ROE) of STRL & MTZ StocksSterling’s trailing 12-month ROE of 37.02% significantly exceeds MasTec’s average, underscoring its efficiency in generating shareholder returns.

Image Source: Zacks Investment Research

Investment Decision: Choosing Between STRL Stock & MTZ StockBoth Sterling and MasTec are benefiting from the multiyear U.S. infrastructure buildout tied to AI data centers, power demand, broadband expansion and industrial development. However, based on the growth metrics, earnings momentum and technical indicators, Sterling appears to have the stronger investment case today.

Sterling’s exceptional execution efforts and backlog momentum, supported by strong demand from data centers, semiconductor fabs and advanced manufacturing projects, alongside the acquisitions of CEC and Stone Ridge, boost its upcoming growth prospects. Management’s raised 2026 outlook, expanding buyback authorization and robust M&A pipeline further reinforce confidence in long-term growth. Additionally, EPS estimates imply growth of 77.5% in 2026 and 42.1% in 2027, while ROE stands at an impressive 37%.

MasTec also remains well positioned, with a record $20.3 billion backlog, improving margins and exposure to communications, power delivery and clean energy markets. Earnings estimates are moving higher, and valuation remains more attractive than Sterling’s. However, project timing risks, regulatory uncertainty surrounding renewable energy investments and weaker cash-flow trends temper the near-term outlook.

That said, Sterling’s superior stock performance, faster earnings growth, stronger ROE and clearer exposure to high-growth AI infrastructure markets outweigh its premium valuation. Thus, with a Zacks Rank #1 (Strong Buy) versus MasTec’s Zacks Rank #3 (Hold), STRL stock emerges as the better stock to buy now for investors seeking growth, while MTZ stock may appeal more to value-oriented investors willing to accept a slower growth trajectory. You can see the complete list of today’s Zacks #1 Rank stocks here.

FactSet Research Systems gains from recurring revenues, AI integration and acquisitions, but rising costs and integration hurdles pressure margins.

FactSet Research Systems Inc. (NYSE:FDS) will release its third quarter earnings report after the closing bell on Wednesday, July 1.

Analysts expect the Norwalk, Connecticut-based company to report quarterly earnings of $4.45 per share, up from $4.27 per share in the year-ago period. The consensus estimate for FactSet Research’s quarterly revenue is $617.59 million. It reported $585.52 million last year, according to Benzinga Pro.

On May 5, FactSet raised its quarterly dividend from $1.10 per share to $1.16 per share.

FactSet Research shares fell 0.2% to close at $218.15 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Considering buying FDS stock? Here’s what analysts think:

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Key Takeaways ACHC raised full-year Adjusted EBITDA guidance after Q1 2026 revenues rose 7.6% to $828.8 million.ACHC is prioritizing returns from existing assets and plans 2026 capital spending of $255-$280 million.ACHC is resolving disputes, strengthening compliance, and improving retention. Acadia Healthcare Company, Inc. (ACHC - Free Report) demonstrates how a mission-driven healthcare company can create long-term shareholder value. As the largest standalone behavioral health provider in the United States, operating 275 facilities and more than 12,400 beds across 40 states, Acadia plays a critical role in addressing the nation's growing mental health and addiction treatment needs. Following a challenging period marked by regulatory scrutiny and industry-wide pressures, it has focused on rebuilding operational strength and restoring investor confidence.

Over the past year, management has taken meaningful steps to protect shareholder value. Acadia resolved some legacy billing disputes, worked toward strengthening compliance standards and improving workforce retention, and brought back experienced industry leader Debbie Osteen as CEO. These actions signal a commitment to accountability, operational discipline and long-term value creation.

Acadia's strategy has also evolved. Rather than pursuing growth, it has shifted toward maximizing returns from its existing footprint, limiting planned 2026 capital expenditures to a range of $255 million to $280 million. This strategic shift is evident in the company’s recent results, with first-quarter 2026 revenues rising 7.6% year over year to $828.8 million and management raising its full-year adjusted EBITDA guidance from $575-$610 million to $580-$615 million.

Demand for mental health and addiction treatment continues to rise, supported by growing awareness and significant unmet patient needs. While some historical expansions weighed on returns, many recently developed facilities are approaching maturity. Acadia now has an opportunity to convert years of investment into improved profitability, creating a potential turnaround opportunity for long-term investors.

How Are Competitors Faring?Peers such as Universal Health Services, Inc. (UHS - Free Report) and LifeStance Health Group, Inc. (LFST - Free Report) are also pursuing growth and operational efficiency initiatives.

Universal Health Services is increasingly focused on extracting greater value from its behavioral health network. Alongside efforts to improve occupancy and outpatient growth, UHS recently announced its $835 million acquisition of Talkspace to expand patient access and broaden treatment options.

LifeStance Health continues to strengthen its outpatient mental health platform through clinician expansion and technology-enabled care, reflecting LFST’s efforts to capture a bigger share of the growing demand for behavioral health services.

ACHC’s Price Performance, Valuation & EstimatesShares of Acadia have gained 20.9% over the past year compared to the industry’s 8.4% decline over the same period.

Image Source: Zacks Investment Research

From a valuation standpoint, ACHC trades at a forward price-to-earnings ratio of 15.71X, up from the industry average of 8.45X.  ACHC carries a Value Score of C.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for ACHC’s 2026 earnings is pegged at $1.50 per share, which has moved 1 cent up in the past 60 days.

Image Source: Zacks Investment Research

Acadia currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Native AI agents added to RingCX workflows giving businesses automated outreach, intelligent handoffs, and more

LAS VEGAS--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG) today announced the expansion of AIR Pro™ to deliver agentic AI capabilities across the RingCentral customer engagement portfolio. The expansion includes new capabilities within RingCX™ that help businesses with end-to-end customer resolution, automated outreach, and intelligent hand-offs. These enhancements also strengthen how customer context is captured and carried within RingCX. When a conversation transfers to a live agent, that agent has a more complete picture, including prior interactions, data from connected systems via APIs, and relevant recordings — without having to ask the customer to repeat themselves. The context layer continuously informs itself, getting smarter with every interaction.

“RingCentral offers the broadest range of customer engagement solutions that address both informal and formal contact center requirements. Our announcement today is about expanding AIR Pro and adding key updates to RingCX as we make progress toward our vision of AI agents and humans working together,” said Jim Dvorkin, SVP of Customer Experience Products at RingCentral. “Our innovations for RingCX continue to be well received by our customers. The addition of native AI agents, along with autonomous outreach, intelligent handoffs, and our AI powered workflow builder for RingCX helps businesses improve customer experiences and achieve measurable results.”

Where Humans and AI Agents Work Together

Highlighted at Customer Contact Week (CCW) Las Vegas 2026, RingCentral rolled out the following updates:

Native AI Agents: Embedded directly into RingCX workflows, native AI agents help with inbound and outbound interactions across voice and digital channels. For example, a business can run multi-step workflows from start to finish, such as confirm an appointment, handle verification, and update a record all within a single call. Autonomous Outreach: Leverage AI agents to proactively initiate conversation outreach triggered by real-time events: appointment reminders, payment notifications, service updates. For example, a credit card payment is missed. AIR Pro calls the customer, confirms the outstanding balance, offers payment options, and processes the payment over the phone. Intelligent Handoffs: When a conversation requires human judgment or empathy, AI agents in RingCX can transfer seamlessly to live agents, carrying full customer history and CRM data so the conversation continues without interruption, repetition, or lost context. AI-powered Workflow Builder: A natural language interface for building RingCX workflows on-demand, customers are able to prompt commands through RingCX’s AI Virtual Assistant (AVA) describing what they need, and it creates a workflow automatically — no coding, no technical resources required. AI-powered RingCX Analytics: Enables business and contact center leaders to prompt questions through RingCentral’s AI Virtual Assistant (AVA) within the RingCX interface to retrieve answers and specific metrics. For example, a newly hired supervisor can ask, "What report should I use to see an agent’s attendance and performance?" and AVA surfaces the answer instantly. New WEM Capabilities

RingCentral’s native WEM solution, called RingWEM, brings together AI Quality Management, AI Interaction Analytics, and AI Workforce Management embedded directly into RingCX – helping businesses reduce average call handle times, and improve customer satisfaction without a fragmented toolset that has long held back contact center performance. New RingWEM capabilities include:

RingWEM with Live Screen Monitoring: This gives supervisors visibility into how agents handle customer interactions, with the ability to whisper, coach, or step in without disrupting the customer experience. For example, it gives supervisors visibility during the call, seeing the agent’s screen in real time, and watching how agents address a problem, while giving coaching suggestions when the conversation is still live. Added Digital Channels

RingCX supports more than 20 digital channels, along with inbound and outbound voice allowing agents to manage various customer interactions from a single, unified interface. RingCX goes beyond the standard support for WhatsApp Messaging, and now includes WhatsApp Voice support.

WhatsApp Voice Support: With WhatsApp Voice in RingCX, customers can move from a messaging conversation to voice without leaving WhatsApp. The agent picks up the call with a complete view of the customer journey, including a summary of each interaction. “As a RingCX and AIR Pro customer, we're expanding our use of AI to drive a consistent customer experience while also enabling more automated AI and human interactions,” said Jaimie Bell, VP of Client Solutions at Office Gurus. “The expansion of AI Agents in RingCX, powered by AIR Pro, is really exciting. We're looking forward to it giving us more control and visibility into deploying AI agents at scale without sacrificing the quality our customers expect. We're early in implementation, and already seeing how AI agents will help us move faster, reduce manual overhead, and deliver a more seamless customer experience.”

RingCX Momentum

As of the end of Q1 2026, more than 1,700 businesses have adopted RingCX, up over 70% year-over-year – with more than half of them utilizing AI.

RingCX customers are achieving measurable results across industries. For example, in healthcare, Sun River Health achieved a 95% first-call resolution rate — 25% above industry standard. In entertainment, The Escape Game reduced costs by 50% while increasing bookings by 7%, and the San Diego Symphony cut box office hold times by 95%.

“The industry is moving beyond AI assistants towards increasingly autonomous AI agents that can participate in customer journeys alongside human workers,” said Hayley Sutherland, Conversational AI Analyst at IDC. “Organizations will need a common framework for managing performance, quality, analytics, and governance across both — and having that native to the contact center platform is the right approach. RingCentral's direction reflects its commitment to both supporting its customers with the capabilities needed today, and taking them where the market is headed.”

Pricing & Availability

Native AI Agents in RingCX and Automated Outreach will be available on a consumption basis, aligned with AIR Pro pricing. RingWEM with Live Screen Monitoring — will be priced on a seat basis or included in the RingCX Ultimate tier. New RingCX capabilities are currently in beta with general availability in 2H 2026. AI-powered RingCX Analytics and RingWEM with Live Screen Monitoring will be available in Q3.

For additional details or demo requests, visit the RingCentral booth #411 at CCW Las Vegas, or click here.

Join the RingCentral “CCW Special Edition” of AI Real Talk—Live or on-demand Elevate Every Customer Experience: Keeping Humans in the Loop While Scaling AI June 23 | 10:00 AM PT / 1:00 PM ET

About RingCentral

RingCentral is a global leader in AI–powered customer engagement, delivering an integrated platform for business phone, SMS, contact center, workforce engagement management, video collaboration, and messaging. Powered by advanced AI capabilities, RingCentral delivers intelligence at every phase of the conversation journey — before, during, and after each human interaction. With RingCentral, businesses can work smarter, respond faster, and connect more meaningfully with their customers. Visit ringcentral.com to learn more.

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Industrial might is back in vogue, and not just for space-industry stocks. A new form of transportation is soon to make its debut in cities around the globe: electric vertical takeoff and landing (eVTOL) vehicles. Joby Aviation (JOBY 3.04%) is one of the publicly traded companies that manufactures these innovative aircraft, and it believes that it can transform transportation across cities.

Its product is neither an airplane nor a helicopter, but something in between, and fully electric-powered. With its stock price currently at just $9 per share, could getting in early on eVTOL pioneer Joby Aviation help make you rich? Let's take a closer look and find out.

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The future of short-haul flights The idea for eVTOLs came from two sources: the plague of car traffic in most large cities, and noise pollution from helicopters, which prevents them from operating in many areas. An eVTOL can operate quietly compared to a helicopter, transporting small groups of passengers from point to point using "vertiports" across metro areas.

Joby's aircraft is currently in the middle of certification with the Federal Aviation Administration (FAA), which requires rigorous testing for all eVTOL start-ups due to the novel nature of the vehicles. Joby began testing in 2018 and is reportedly close to the finish line, aiming to secure full regulatory approval in both the United States and Dubai within the next 12 months.

The company currently generates just a sliver of revenue from its Blade business, which is a helicopter and private-flight rideshare network focused on New York City. In the future, Joby plans to operate its own eVTOL ride-sharing for customers. Instead of just selling commercial aircraft to operators like Boeing, Joby wants to keep its aircraft and sell tickets directly to users through its own vertiport network. It will do so with partners like Delta Air Lines, connecting people at the airport to the potential of eVTOL services, a prime customer use case.

Image source: Getty Images.

Manufacturing progress and cash burn To get ahead of anticipated FAA approval, Joby has begun increasing its manufacturing capacity. It is currently producing two eVTOLs a month, for a rate of 24 per year. In the near future, it wants to double this manufacturing pace, and eventually produce 500 vehicles per year. With hundreds of cities around the world that could utilize eVTOL taxi networks, there is theoretical demand for this level of output from Joby and other eVTOL manufacturers racing for FAA approval.

Up-front spending will be massive. Joby needs to build aircraft and secure leases for vertiports before selling tickets to customers, which is why free cash flow has worsened over the past few years, hitting a record burn of $660 million over the last 12 months. At the end of the first quarter, the company had $2.5 billion in cash and equivalents, which gives it a few years of breathing room, but it's still not on a firm financial footing.

JOBY Revenue (TTM) data by YCharts.

Can Joby stock deliver life-changing returns? Joby Aviation is a high-risk stock. Let's say the company can eventually manufacture hundreds of aircraft a year, operate many air taxi networks in cities across the United States and globally, and improve traffic levels. If so, it's likely to get hundreds of millions (if not billions) of dollars in annual ticket revenue from customers who will pay a pretty penny to fly over traffic to places like the nearest airport.

The problem is that, despite a low per-share price of $9, Joby Aviation's market value is still quite high for a company that is close to a pre-revenue start-up. It currently has a market cap of $9.2 billion, pricing in a lot of this theoretical success before any FAA approval has been made. That should make you think twice about whether the stock can deliver life-changing returns for your portfolio.