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2026-07-16 21:10 28d ago
2026-07-16 15:40 29d ago
UnitedHealth Stock Hits 2026 High on Strong Earnings, Rosy Outlook
UNH UnitedHealth Group
FMP Stock News
Original source text
Shares of UnitedHealth Group jumped to their highest level in more than a year Thursday after the health care and insurance giant announced results that handily topped Wall Street expectations.
2026-07-16 21:10 28d ago
2026-07-16 16:35 29d ago
UnitedHealth Group Q2: The Real Test Begins Now (Downgrade)
UNH UnitedHealth Group
FMP Stock News
Original source text
2.85K Followers

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2026-07-16 21:09 28d ago
2026-07-16 14:41 29d ago
FDA Approval Adds New Cholesterol Treatment Option in Merck Portfolio
MRK.US Merck & Company
FMP Stock News
Original source text
The condition is characterized by the presence of high levels of cholesterol in the blood, particularly “bad” LDL cholesterol.

The company said the treatment is the first FDA-approved oral PCSK9 inhibitor and is designed as a once-daily pill to lower LDL cholesterol.

According to the company, the approval was supported by positive results from two pivotal Phase 3 studies in its CORALreef clinical program.

Phase 3 Trials Show Significant LDL-C ReductionsThe FDA approval was based on findings from the Phase 3 CORALreef Lipids and CORALreef HeFH trials.

In the CORALreef Lipids study, patients receiving LIPFENDRA achieved a 56% reduction in LDL-C compared with placebo at week 24.

Under revised post-hoc data handling rules that excluded biologically impossible baseline LDL-C values, the reduction increased to 60%, while placebo patients recorded a 3% increase from baseline.

The trial also showed statistically significant reductions in other lipid measures associated with atherosclerotic cardiovascular disease risk. Non-high-density lipoprotein cholesterol fell by 54%, while apolipoprotein B declined by 50%.

CORALreef HeFH Results Support ApprovalIn the CORALreef HeFH trial involving adults with heterozygous familial hypercholesterolemia, LIPFENDRA reduced LDL-C by 59% compared with placebo at week 24.

From baseline, LDL-C declined by 58% in the treatment group, while placebo participants saw a 3% increase.

The study also reported a 52% reduction in non-HDL cholesterol and a 48% decline in apolipoprotein B compared with placebo.

Merck said an ongoing clinical trial is evaluating whether LIPFENDRA can reduce cardiovascular morbidity and mortality. The company noted that it has not yet been established whether the treatment lowers the risk of cardiovascular events or death.

MRK Price Action: Merck & Co shares were up 3.61% at $128.07 at the time of publication on Thursday. The stock is trading near its 52-week high of $130.29, according to Benzinga Pro data.

Image via Shutterstock

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

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2026-07-16 21:09 28d ago
2026-07-16 15:57 29d ago
Chevron weighs new Iraqi oil pipeline to avoid Strait of Hormuz during Iran war
CVX Chevron
FMP Stock News
Original source text
Chevron reportedly plans to sign early-stage deals Friday to invest in Iraqi oil fields and consider the construction of a pipeline connecting Iraq’s reservoirs to the Syrian coast as oil majors seek workarounds for the Strait of Hormuz.

As the US and Iran have renewed strikes in the Middle East, major oil producers – including Iraq – have been desperately searching for alternatives to the strait, a vital maritime route for 20% of the world’s oil supplies that has been effectively blockaded during the war.

Nations across the Persian Gulf have poured billions of dollars into new pipelines, rail corridors and energy storage hubs to skirt around the strait – and now Chevron is considering getting in on the action, according to the Wall Street Journal.

Chevron reportedly plans to sign early-stage deals in Iraqi oil fields. Anadolu via Getty Images The Houston, Tex.-based oil major is considering rebuilding a pipeline from Kirkuk, Iraq, to the Syrian port of Baniyas on the Mediterranean Sea, a senior Chevron official told the outlet.

An oil pipeline tracing along that route has been shut down for more than two decades after it was badly damaged in 2003 during the US’ invasion of Iraq.

Chevron will join a consortium of investors that plan to conduct studies to determine whether they should build a new pipeline in its place or update existing infrastructure, according to the exec.

The company has been in talks with the Iraqi government for 12 to 18 months and the preliminary deals are a “long ways from the finish line,” he said.

On Thursday, Iraqi Prime Minister Ali Al Zaidi visited Chevron’s headquarters in downtown Houston to meet a group led by Chevron Vice Chairman Mark Nelson.

The prime minister met with President Trump in the Oval Office on Tuesday.

“The United States is facilitating conversation between Iraq and Syria on future energy development projects and supports the growing diplomatic relationship between the two countries,” a senior Trump administration official told The Post.

Iraqi Prime Minister Ali Al Zaidi (above) met with President Trump in the Oval Office Tuesday. Graeme Sloan – Pool via CNP/Shutterstock Chevron confirmed it is discussing possible investments in two Iraqi oil fields, the Nasiriyah and West-Qurna-2.

“Chevron looks forward to sharing its expertise in successfully developing oil and gas projects to support Iraq in further developing its energy resources,” a spokesperson told The Post.

The company declined to comment on reported talks about a pipeline, saying it does not comment on third-party statements or commercial matters.

The news comes as strikes ramped up in the Middle East this week after President Trump announced a ceasefire with Iran was “over,” reversing declines in gasoline prices.

On Thursday, American diesel prices rose above $5 a gallon again, hitting an average price of $5.01, according to AAA.

Regular gasoline prices hit $3.94 a gallon Thursday – below its peak of $4.56 in the spring, but on the incline again and about 10 cents higher than this time last week.

Diesel prices rose above $5 a gallon again Thursday. Weston Hancock/SOPA Images/Shutterstock As the on-and-off blockade of the Strait of Hormuz has caused the worst-ever global energy supply disruption, experts have warned it could take many months for gasoline to fall below the $3 level – and that’s only if a permanent peace deal to keep the strait open is reached.

Trump said this week that the strait is reopened for all nations except Iran, but safety concerns remain as Tehran is still able to strike at commercial shipping vessels in the waterway.

Elevated energy prices have already started to weigh on households, but it has yet to be seen whether they will have a lasting inflationary effect – as economists warn higher fuel prices could hike costs for food, apparel, furniture and virtually anything that travels via truck.

Economic data released this week indicated higher energy prices have yet to fully bleed through to consumer goods – but Federal Reserve officials warned one good inflation report isn’t enough to dispel concerns.

The White House did not immediately respond to The Post’s request for comment.
2026-07-16 21:05 28d ago
2026-07-16 16:30 29d ago
Goodyear to Announce Second Quarter 2026 Financial Results
GT Goodyear Tire & Rubber
FMP Stock News
Original source text
, /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) will report second quarter 2026 financial results after market close on Wednesday, August 5, followed by a conference call at 8:30 a.m. Eastern time on Thursday, August 6.

The Company will publish its results on August 5, in the form of an Earnings Release and an additional presentation on its investor website: http://investor.goodyear.com. The following morning, the Company will host a conference call.

The call can be accessed on the website or via telephone by calling either (833) 419-0865 or (785) 838-9333 before 8:25 a.m. and providing the conference ID "Goodyear." A replay will be available by calling (800) 723-1517 or (402) 220-2659. The replay will also be available on the website.

About The Goodyear Tire & Rubber Company
Goodyear is one of the world's largest tire companies. It employs about 63,000 people and manufactures its products in 49 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.

MEDIA CONTACT:
KELLY MCGLUMPHY
[email protected] 

ANALYST CONTACT:
RYAN REED
[email protected] 

SOURCE The Goodyear Tire & Rubber Company
2026-07-16 21:05 28d ago
2026-07-16 15:26 29d ago
U.S. Bancorp (USB) Q2 2026 Earnings Call Transcript
USB US Bancorp
FMP Stock News
Original source text
U.S. Bancorp (USB) Q2 2026 Earnings Call July 16, 2026 8:00 AM EDT

Company Participants

Brian Mauney - Head of Investor Relations
Gunjan Kedia - President, CEO & Chairman
John Stern - Vice Chair & Chief Financial Officer

Conference Call Participants

L. Erika Penala - UBS Investment Bank, Research Division
John Pancari - Evercore ISI Institutional Equities, Research Division
John McDonald - Truist Securities, Inc., Research Division
Ebrahim Poonawala - BofA Securities, Research Division
Michael Mayo - Wells Fargo Securities, LLC, Research Division
Kenneth Usdin - Bernstein Autonomous LLP
Gerard Cassidy - RBC Capital Markets, Research Division
Manan Gosalia - Morgan Stanley, Research Division
Christopher McGratty - Keefe, Bruyette, & Woods, Inc., Research Division
Saul Martinez - HSBC Global Investment Research
David Chiaverini - Jefferies LLC, Research Division
Vivek Juneja - JPMorgan Chase & Co, Research Division
Matthew O'Connor - Deutsche Bank AG, Research Division

Presentation

Operator

Welcome to the U.S. Bancorp Second Quarter 2026 Earnings Conference Call. [Operator Instructions] This call will be recorded and available for replay beginning today at approximately 10:00 a.m. Central Time.

I will now turn the conference over to Brian Mauney, Director of Investor Relations for U.S. Bancorp.

Brian Mauney
Head of Investor Relations

Thank you, Krista, and good morning, everyone. Today, I'm joined by our Chairman and Chief Executive Officer, Gunjan Kedia; and Vice Chair and Chief Financial Officer, John Stern. In a moment, Gunjan and John will be referencing a slide presentation together with their prepared remarks. A copy of the presentation, our press release and supplemental analyst schedules can be found on our website at ir.usbank.com.

Please note that any forward-looking statements made during today's call are subject to risk and uncertainty. Factors that could materially change our current forward-looking assumptions are described on Page 2 of today's earnings presentation, our press release and reports on file with the SEC. Following our prepared remarks, Gunjan and John
2026-07-16 21:03 28d ago
2026-07-16 16:05 29d ago
Lyft To Announce Second Quarter 2026 Financial Results
LYFT Lyft
FMP Stock News
Original source text
-

SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”) will release financial results for the second quarter of 2026 after the close of the market on Thursday, August 6, 2026.

On the same day, Lyft will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to the live audio webcast, please visit the Company’s Investor Relations page at https://investor.lyft.com.

The archived webcast will be available on the Company’s Investor Relations page shortly after the call.

Lyft announces material information to the public about the Company, its products and services and other matters through a variety of means, including filings with the Securities and Exchange Commission, press releases, public conference calls, webcasts, the investor relations section of its website (investor.lyft.com), its X accounts (including: @lyft, @davidrisher), its Chief Executive Officer’s LinkedIn account (linkedin.com/in/jdavidrisher), and its blogs (including: lyft.com/blog, lyft.com/hub, and eng.lyft.com) in order to achieve broad, non-exclusionary distribution of information to the public and to comply with its disclosure obligations under Regulation FD.

About Lyft

Whether it’s an everyday commute or a journey that changes everything, Lyft is driven by our purpose: to serve and connect. Founded in 2012, Lyft has grown into a global mobility platform offering a mix of rideshare, taxis, private hire vehicles, executive chauffeur services, car sharing, bikes, and scooters across six continents and thousands of cities. Millions of drivers have chosen to earn on billions of rides - helping to create a more connected world, with transportation options for everyone.

More News From Lyft, Inc.

Back to Newsroom
2026-07-16 21:02 28d ago
2026-07-16 18:26 28d ago
Visa Unveils Stablecoin Platform With OUSD at Its Core
CORE Core
CoinGecko News
Original source text
Visa's Stablecoin Platform packages OUSD access, wallet infra, and treasury integration for institutions entering crypto.

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Visa announced the Visa Stablecoin Platform (VSP) today, an enterprise environment where banks, fintechs, and crypto firms can mint, hold, transfer, and redeem stablecoins in one hub, with the forthcoming Open USD (OUSD) as its first supported token.

What's the Scoop?The offering: VSP bundles Wallet-as-a-Service infrastructure with enterprise-grade guardrails like dual-approval workflows, audit logging, passkeys, and transfer allow lists. Institutions get stablecoin plumbing that plugs into the Visa treasury, settlement, and money-movement tools they already run.OUSD front and center: The platform is launching with direct connectivity for minting and burning Open USD, the consortium stablecoin backed by +100 firms (Visa, Stripe, Mastercard, BlackRock, and Coinbase among them) that will share nearly all its reserve yield with distributors. OUSD itself is slated to go live later this year.Zooming out: A day after Stripe's PayPal takeover bid exposed a potential arms race for stablecoin distribution, the card network being bypassed is arming its 200M merchant empire with mint-and-burn buttons. If the interchange moat must shrink, then Visa can become a tollbooth on whatever replaces it.
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2026-07-16 21:02 28d ago
2026-07-16 16:52 29d ago
Gold (XAU/USD) Price Forecast: Will Gold Break Below Major Support Levels?
GOLD Zlato
FMP Forex News
Original source text
Spot gold weekly chart shows long-term trend. Source: TradingView Next Support Zones Come into Focus Now that gold has been rejected once again from resistance at the 20-day moving average, the developing bearish trend may be ready to proceed with its next leg lower. That would suggest that the prior trend low of $3,942 may be broken on the way to a test of support near the higher swing low of $3,886 from October 2025. There is also a reasonable chance that support may fail to hold near that low, which would provide another bearish reversal signal following the prior upswing.

A decisive decline below $3,886 would likely lead to the next lower target zone from approximately $3,704 to around $3,650, derived from the 50% retracement of a prior upswing and the 78.6% Fibonacci retracement of a smaller upswing that is contained within the larger trend structure. There may also be a test of the lower boundary of a falling trend channel near that price zone, depending on when it is reached. Signs of support may emerge near that lower boundary.

Longer-Term Trend Weakness Remains Intact Gold has been progressively weakening overall since the January peak of $5,597. The deterioration in the technical picture began to have longer-term implications in early June when a confirmed breakdown below an uptrend line and the 200-day moving average occurred. Resistance during bounces shifted from the 50-day moving average to the 20-day moving average, reflecting increasing bearish momentum. Three weeks ago, a longer-term uptrend line defining dynamic support was broken to the downside and the area near the line has been confirmed as resistance. Taken together, short-term weakness is now aligned with longer-term weakness, suggesting further downside and reinforcing the bearish outlook.

If you’d like to know more about how to trade gold and silver, please visit our educational area.
2026-07-16 21:02 28d ago
2026-07-16 14:49 29d ago
Live: Will Intuitive Surgical Smash Tonight’s Q2 Earnings After 29% YTD Decline?
ISRG Intuitive Surgical
FMP Stock News
Original source text
Live Coverage Updates appear automatically as they are published.

Live Updates Pinned 1 hour ago

Live

This live blog is being updated by Thomas Richmond, a 24/7 Wall St. contributor. You’ll get expert analysis of Intuitive Surgical’s Q2 earnings.

Simply stay on this page, and new updates will appear below automatically. We expect Intuitive Surgical to release earnings shortly after 4:00 p.m. ET.

1 minute ago

Live

That wraps up our initial coverage of Intuitive Surgical’s Q2 results. Thank you for stopping by!

22 minutes ago

Live

Intuitive Surgical (NASDAQ:ISRG | ISRG Price Prediction) is down 7.5% after Q2 earnings.

Does the Reaction Fit the Results? The company reported a strong beat: +11.83% on EPS, revenue up 18.54%, and non-GAAP gross margin expanding to 70.0% from 67.9%.

The gross margin guidance was raised to 68.0%–69.0%, directly refuting fears about the da Vinci 5 margin.

Historical Context Prior beats averaged a +3.48% day-of move, so today matches the pattern. Yet Q1 2026 popped +7.16% then faded -9.41% over 30 days.

What the Market Is Watching Procedure guidance was held at 13.5%–15.5%, not raised, which might be a concern that drove the sell-off.

32 minutes ago

Live

Demand for Intuitive Surgical’s newest robotic system remained strong, with da Vinci 5 placements increasing 37% year over year to 246.

Total da Vinci placements rose 18% to 468, helping systems revenue increase 19% to $685 million.

More than half of da Vinci placements used operating leases, including 131 usage-based systems. This structure could limit upfront systems revenue but expand recurring revenue as utilization grows.

Intuitive Surgical now has 11,710 da Vinci systems installed worldwide, up 12% from one year ago.

34 minutes ago

Live

Intuitive Surgical delivered a strong second quarter, with revenue increasing 19% to $2.89 billion and adjusted EPS climbing 28% to $2.80.

Both figures exceeded Wall Street’s expectations, although EPS included an $0.08 benefit from refunds of tariffs paid in prior periods.

Total procedures increased 16% year over year, including 15% growth for da Vinci procedures and 36% growth for Ion procedures.

Management continues to expect full-year da Vinci procedure growth of 13.5% to 15.5%, likely near the midpoint of that range.

41 minutes ago

Live

Intuitive Surgical just reported earnings, with shares initially down 7% following the report. Here are the key numbers:

Revenue: $2.89 billion vs. $2.83 billion expected Adjusted EPS: $2.80 vs. $2.50 expected Guidance:

Worldwide da Vinci procedure growth: 13.5% to 15.5% Non-GAAP gross margin: 68.0% to 69.0% Non-GAAP operating expense growth: 11% to 13% Quick Read:

Intuitive Surgical comfortably beat expectations, with revenue rising 18.4% and adjusted EPS climbing 27.9% year over year.

Despite the beat, shares are falling as investors focus on the procedure-growth outlook and whether future growth can justify the stock’s premium valuation.

59 minutes ago

Live

Bull Case Beat streak intact: Four consecutive EPS beats, capped by Q1’s $2.50 vs. $2.1068 earnings report. da Vinci 5 momentum: 232 placements in Q1 with 11% higher utilization than Xi. Recurring engine: Instruments & accessories revenue reached $1.69 billion, +23%, backed by $7.98 billion cash. Sentiment lean: Composite score 65.03 (Bullish); average analyst price target of $558.01 vs current share price of $401.96. Bear Case Post-beat fade: Average 30-day change of -2.28% after prior beats. Margin compression: 1.0% tariff drag; gross margin guide 67.5%-68.5%. Macro chill: Consumer sentiment at 44.8 threatens hospital capex. Valuation reset: P/E of 49 with the stock down 31.32% YTD. 1 hour ago

Live

The current full-year framework for Intuitive Surgical (NASDAQ:ISRG) calls for 13.5% to 15.5% da Vinci procedure growth and a 67.5% to 68.5% non-GAAP gross margin, embedding a 1.0% tariff drag.

Management historically guides conservatively, then walks the range up: 2025 started at 15.5%–17% and ended at 18%.

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Polymarket’s crowd assigns a 46.5% probability to Q2 procedure growth landing in the 15%–17.5% range, with 34.5% for a sub-15% result.

Bullish scenario: full-year procedure guide raised above 15.5%, margin biased toward 68%+, and softer tariff commentary.

Bearish scenario: unchanged procedure range, margin drift toward 67.5%, and hospital capex caution.

With four straight EPS beats averaging 18.66% most recently, the headline number matters less than the raise.

1 hour ago

Live

With Intuitive Surgical (NASDAQ:ISRG) set to report Q2 earnings tonight shortly after 4:00 PM ET, here’s the framework for tonight’s call.

Top 5 Analyst Questions Does FY2026 da Vinci procedure guidance of 13.5%–15.5% get raised after crowd bets favor 15%–17.5% growth? Any read-through from HCA’s July 14 surgical volume warning? Is the 1.0% tariff drag holding? da Vinci 5 mix and ASP trajectory after 232 placements in Q1? Buyback pace after $1.1B repurchased in Q1? Key Topics and Buzzwords Listen for: “quintuple aim,” “installed base leverage,” “usage-based leasing,” “capital constrained customers,” force feedback EU approval. Ion sustainability after 39% Q1 procedure growth; direct sales transition in Italy, Spain, Portugal. Red Flags Procedure miss versus guide, tariff drag expansion, gross margin cut below 67.5%, Hugo/Ottava share commentary, or hospital capex softness. 2 hours ago

Live

Intuitive Surgical’s (NASDAQ: ISRG) second-quarter report tonight will test whether the company can defend its premium valuation as procedure growth slows and tariffs pressure margins.

The biggest number to watch is procedure growth. After expanding 18% in 2025, management currently expects growth of 13.5% to 15.5% in fiscal 2026.

Investors will also be watching the mix of da Vinci 5 placements and utilization gains, which could determine the strength of the systems revenue narrative heading into the second half.

Management has estimated that tariffs will result in a drag equal to approximately 1% of revenue due to exposure across Mexico, Germany, and China. Any additional pressure could weigh on gross margins.

Shares have declined 21.92% over the past year. A guidance increase tonight could reinvigorate the growth-at-a-reasonable-price case, but a reduction in margin estimates would likely cement the stock’s ongoing derating.

Intuitive Surgical (NASDAQ:ISRG) reports Q2 earnings results at 4:40 PM ET tonight after the bell. The robotic surgery leader enters the earnings report tonight with a $142.05 billion market cap, while shares are down 29.3% year to date.

Momentum Meets a Valuation Reset Q1 delivered a fourth straight beat, with non-GAAP EPS of $2.50 topping the $2.11 consensus and revenue of $2.77 billion growing 23% year over year. Yet the stock has fallen 13.81% since that April 21 filing.

Q1 gross margin expanded to 67.8% from 66.4%, with da Vinci procedures up 16% and Ion procedures up 39%. Management nudged FY26 procedure growth to 13.5%-15.5%, still a step down from 2025.

The stock trades at about $400.55 as of 2:40 PM ET, against an average analyst price target of $558.01.

Consensus and Crowd Estimates Metric Value Frame FY26 da Vinci procedure growth 13.5%-15.5% Guidance FY26 non-GAAP gross margin 67.5%-68.5% Guidance Q2 procedure growth (crowd) 15%-17.5% at 36.5% Polymarket Forward P/E 39 Valuation Polymarket traders assign a 63% combined probability to Q2 procedure growth landing between 12.5% and 17.5%, and only 8% odds to a sub-12.5% miss. The setup skews toward in-range execution rather than a blowout.

Margins, Tariffs, and da Vinci 5 Take Center Stage Tonight, I’ll be watching ISRG’s gross margin closely. CFO Jamie Samath flagged that oil and memory input costs will hit harder later in the year, saying “we do expect those to have a greater unfavorable impact in the remainder of the year.” Any drift above the 1.0% of revenue tariff assumption would compress the margin story.

Investors will also focus on da Vinci 5 placement mix. Q1 delivered 232 da Vinci 5 systems out of 431 total placements, with da Vinci 5 utilization running 11% above Xi. That mix drives ASPs and downstream I&A revenue.

International tone matters too. Rosa cited “ongoing challenges in China and Japan,” with new Japanese reimbursements for 7 procedures beginning June 2026. I’ll track whether early June signal reads bullish. Ion momentum, SP procedure growth of 68%, and Force Feedback rollout round out the watchlist.

Earnings History Quarter EPS Surprise 1-Day Move 1-Week Move 30-Day Move Q1 2026 +18.66% -0.99% -6.16% -9.41% Q4 2025 +11.51% +0.92% -3.77% -3.40% Q3 2025 +20.65% +4.61% +2.00% +6.56% Q2 2025 +13.22% -2.66% -0.29% -5.14% On average, shares moved -0.50% one week after earnings across the past year.

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Contact [email protected] for any questions or corrections.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
2026-07-16 21:02 28d ago
2026-07-16 16:05 29d ago
Intuitive Announces Second Quarter Earnings
ISRG Intuitive Surgical
FMP Stock News
Original source text
SUNNYVALE, Calif., July 16, 2026 (GLOBE NEWSWIRE) -- Intuitive (the “Company”) (Nasdaq: ISRG), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery, today announced financial results for the quarter ended June 30, 2026.

Q2 Highlights

Worldwide procedures (da Vinci and Ion combined) grew approximately 16% compared with the second quarter of 2025. Da Vinci procedures grew approximately 15%, and Ion procedures grew approximately 36%.The Company placed 468 da Vinci surgical systems, compared with 395 in the second quarter of 2025. The second quarter 2026 da Vinci surgical system placements included 246 da Vinci 5 systems, compared with 180 in the second quarter of 2025. The Company placed 55 Ion endoluminal systems, compared with 54 in the second quarter of 2025.The Company grew its da Vinci surgical system installed base to 11,710 systems as of June 30, 2026, an increase of 12% compared with 10,488 as of June 30, 2025. The Company grew its Ion endoluminal system installed base to 1,096 systems as of June 30, 2026, an increase of 21% compared with 905 as of June 30, 2025.Second quarter 2026 revenue of $2.89 billion increased 19%, compared with $2.44 billion in the second quarter of 2025.Second quarter 2026 GAAP net income attributable to Intuitive Surgical, Inc. was $818 million, or $2.29 per diluted share, compared with $658 million, or $1.81 per diluted share, in the second quarter of 2025.Second quarter 2026 non-GAAP* net income attributable to Intuitive Surgical, Inc. was $1.00 billion, or $2.80 per diluted share, compared with $0.80 billion, or $2.19 per diluted share, in the second quarter of 2025.Second quarter 2026 GAAP and non-GAAP* net income attributable to Intuitive Surgical, Inc. included a benefit of $28 million, net of tax, or $0.08 per diluted share, related to refunds for tariffs paid in prior periods under the International Emergency Economic Powers Act (“IEEPA”).The Company repurchased 0.9 million shares of its common stock for $0.38 billion in the second quarter of 2026. Q2 Financial Summary

Gross profit, income from operations, net income attributable to Intuitive Surgical, Inc., and net income per diluted share attributable to Intuitive Surgical, Inc. are reported on a GAAP and non-GAAP* basis. The non-GAAP* measures are described below and are reconciled to the corresponding GAAP measures at the end of this release.

Second quarter 2026 revenue was $2.89 billion, an increase of 19% compared with $2.44 billion in the second quarter of 2025. The higher second quarter revenue was driven by growth in procedure volume, higher da Vinci system leasing revenue, and an increase in the installed base of da Vinci and Ion systems.

Second quarter 2026 instruments and accessories revenue increased by 18% to $1.73 billion, compared with $1.47 billion in the second quarter of 2025. The increase in instruments and accessories revenue was primarily driven by approximately 15% growth in da Vinci procedure volume and approximately 36% growth in Ion procedure volume.

Second quarter 2026 systems revenue was $685 million, compared with $575 million in the second quarter of 2025. The higher systems revenue reflected a higher lease installed base, higher da Vinci system average selling prices, and increased da Vinci system placements compared with the second quarter of 2025. The Company placed 468 da Vinci surgical systems, of which 246 were da Vinci 5 systems, in the second quarter of 2026, compared with 395 systems, of which 180 were da Vinci 5 systems, in the second quarter of 2025. The second quarter 2026 da Vinci surgical system placements included 254 systems placed under operating lease arrangements, of which 131 systems were placed under usage-based operating lease arrangements, compared with 193 systems placed under operating lease arrangements, of which 124 systems were placed under usage-based operating lease arrangements in the second quarter of 2025.

Second quarter 2026 GAAP income from operations increased to $972 million, compared with $743 million in the second quarter of 2025. Second quarter 2026 GAAP income from operations included share-based compensation expense of $213 million, compared with $200 million in the second quarter of 2025. Second quarter 2026 non-GAAP* income from operations increased to $1.22 billion, compared with $0.95 billion in the second quarter of 2025.

Second quarter 2026 GAAP net income attributable to Intuitive Surgical, Inc. was $818 million, or $2.29 per diluted share, compared with $658 million, or $1.81 per diluted share, in the second quarter of 2025. Second quarter 2026 GAAP net income attributable to Intuitive Surgical, Inc. included excess tax benefits of $17 million, or $0.05 per diluted share, compared with $33 million, or $0.09 per diluted share, in the second quarter of 2025. Additionally, second quarter 2026 GAAP net income included a benefit of $28 million, net of tax, or $0.08 per diluted share, related to refunds for tariffs paid in prior periods under IEEPA.

Second quarter 2026 non-GAAP* net income attributable to Intuitive Surgical, Inc. was $1.00 billion, or $2.80 per diluted share, compared with $0.80 billion, or $2.19 per diluted share, in the second quarter of 2025. Second quarter 2026 non-GAAP* net income included a benefit of $28 million, net of tax, or $0.08 per diluted share, related to refunds for tariffs paid in prior periods under IEEPA.

The Company ended the second quarter of 2026 with $8.63 billion in cash, cash equivalents, and investments, an increase of $0.65 billion during the quarter, primarily driven by cash generated from operations, partially offset by cash used for repurchases of common stock.

“We are pleased with company performance this quarter, which reflects the strength of our portfolio – from da Vinci and Ion to our growing digital solutions,” said Dave Rosa, Intuitive CEO. “Our commitment to customers around the world – our north star – remains the same: helping them deliver better patient outcomes, better patient and care team experiences, lower costs, and broader access to minimally invasive care.”

2026 Financial Outlook

The Company expects the following results for the full year of 2026:

Worldwide da Vinci procedure growth of approximately 13.5% to 15.5% in 2026. The Company expects to be closer to the midpoint of this range.Non-GAAP* gross profit margin to be within a range of 68.0% to 69.0% of revenue in 2026. This range includes an estimated impact from tariffs of 1.0% of revenue.Non-GAAP* operating expense growth of 11% to 13% in 2026. The range for expected non-GAAP* gross profit margin reflects the Company’s estimates of the adverse impact from tariffs that are currently in effect as of the time of this press release and assumes such tariffs remain in place through the end of the year. Should additional tariffs beyond our expectations be implemented, the additional impact on the Company’s financial results in 2026, including the change in expected non-GAAP* gross profit margin, could be material. The ultimate effect of tariffs will depend on various factors, including the proportion of components procured and finished goods manufactured outside of the United States and the amount, scope, nature, and timing of the tariffs.

The 2026 financial outlook provided above includes forward-looking, non-GAAP financial measures, which management uses in measuring performance. We do not provide a reconciliation of non-GAAP outlook measures to corresponding GAAP measures on a forward-looking basis, because we are unable to predict with reasonable certainty the exact timing and ultimate outcome of certain items, including but not limited to legal proceedings, without unreasonable efforts. These items are uncertain, depend on various factors, and could be material to the Company’s results computed in accordance with GAAP. For additional information regarding the nature of these items, refer to the reconciliations of historical GAAP to non-GAAP measures included elsewhere in this release.

Additional supplemental financial and procedure information has been posted to the Investor Relations section of the Intuitive website at https://isrg.gcs-web.com/.

Webcast and Conference Call Information

Intuitive will hold a teleconference at 1:30 p.m. PDT today to discuss the second quarter 2026 financial results. The call will be webcast live and can be accessed on Intuitive’s website at www.intuitive.com. For those individuals planning to participate on the call, registration can be completed online at https://edge.media-server.com/mmc/p/dekvotz4/ to receive dial-in details and an individual pin. The webcast replay of the call will be made available on our website at www.intuitive.com within 24 hours after the end of the live teleconference and will be accessible for at least 30 days.

About Intuitive

Intuitive (Nasdaq: ISRG), headquartered in Sunnyvale, California, is a global leader in minimally invasive care and the pioneer of robotic-assisted surgery. Our technologies include the da Vinci surgical systems and the Ion endoluminal system. By uniting advanced systems, progressive learning, and value-enhancing services, we help physicians and their teams optimize care delivery to support the best outcomes possible. At Intuitive, we envision a future of care that is less invasive and profoundly better, where diseases are identified early and treated quickly, so patients can get back to what matters most.

Product and brand names/logos are trademarks or registered trademarks of Intuitive or their respective owner. See www.intuitive.com/trademarks.

For more information, please visit the Company’s website at www.intuitive.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements relate to expectations concerning matters that are not historical facts. Statements using words such as “estimates,” “projects,” “believes,” “anticipates,” “plans,” “expects,” “intends,” “may,” “will,” “could,” “should,” “commit,” “would,” “seek,” “potential,” “targeted,” and similar words and expressions are intended to identify forward-looking statements. These forward-looking statements are necessarily estimates reflecting the judgment of the Company’s management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. These forward-looking statements include, but are not limited to the following: statements related to future results of operations, including expected procedure growth in 2026, expected non-GAAP gross profit margins in 2026, and expected non-GAAP operating expense growth in 2026; future financial position; the goals the Company shares with its customers, including improving patient outcomes; the estimated impact from tariffs, including the potential for material adverse impact on the Company’s financial results if additional tariffs beyond the Company’s current expectations are implemented; expectations regarding the continuation of share-based compensation expense as a significant recurring expense; the Company’s strategic vision for the future of minimally invasive care; and the Company’s inability to predict with reasonable certainty the exact timing and ultimate outcome of certain items, including legal proceedings. These forward-looking statements should be considered in light of various important factors, including, but not limited to, the following: the overall macroeconomic environment, which may impact customer spending and the Company’s costs, including tariffs, the levels of inflation, and interest rates; the conflict in Ukraine; conflicts in the Middle East, including Israel and Iran; disruption to the Company’s supply chain, including increased difficulties in obtaining a sufficient supply of materials; curtailed or delayed capital spending by hospitals; the impact of global and regional economic and credit market conditions on healthcare spending; delays in obtaining new product approvals, clearances, or certifications from the United States (“U.S.”) Food and Drug Administration (“FDA”), comparable regulatory authorities, or notified bodies; the risk of the Company’s inability to comply with complex FDA and other regulations, which may result in significant enforcement actions; regulatory approvals, clearances, certifications, and restrictions or any dispute that may occur with any regulatory body; healthcare reform legislation in the U.S. and its impact on hospital spending, reimbursement, and fees levied on certain medical device revenues; changes in hospital admissions and actions by payers to limit or manage surgical procedures; the timing and success of product development and customer acceptance of developed products; the results of any collaborations, in-licensing arrangements, joint ventures, strategic alliances, or partnerships, including the joint venture with Shanghai Fosun Pharmaceutical (Group) Co., Ltd.; the Company’s completion of and ability to successfully integrate acquisitions, including the recently completed acquisition of the da Vinci and Ion distribution businesses in Italy, Spain, and Portugal and the transition from a distributor to a direct sales model in those markets; intellectual property positions and litigation; competition from companies offering alternative surgical approaches or robotic-assisted surgical systems, including domestic competitors in certain geographic markets such as China; risks associated with the Company’s operations and any expansion outside of the U.S.; unanticipated manufacturing disruptions or the inability to meet demand for products; the Company’s reliance on sole- and single-sourced suppliers; the results of legal proceedings to which the Company is or may become a party; adverse publicity regarding the Company and the safety of the Company’s products and adequacy of training; the impact of changes to tax legislation, guidance, and interpretations; changes in tariffs, trade barriers, and regulatory requirements (including changes to tariffs imposed by the U.S. on imports from various countries, including Mexico, where the Company currently manufactures a significant majority of its instruments and accessories, Germany, where the Company currently manufactures a majority of its endoscopes, and China, where the Company currently imports certain materials); hospital staffing constraints and labor availability; cybersecurity risks, including risks to the Company’s supply chain; and other risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release and which are based on current expectations and are subject to risks, uncertainties, and assumptions that are difficult to predict, including those risk factors identified under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, as updated by the Company’s other filings with the Securities and Exchange Commission (“SEC”). The Company’s actual results may differ materially and adversely from those expressed in any forward-looking statement, and the Company undertakes no obligation to publicly update or release any revisions to these forward-looking statements, except as required by law.

*About Non-GAAP Financial Measures

To supplement its consolidated financial statements, which are prepared and presented in accordance with U.S. generally accepted accounting principles (“GAAP”), the Company uses the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP income from operations, non-GAAP net income attributable to Intuitive, and non-GAAP net income per diluted share attributable to Intuitive (“EPS”). The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

The Company uses these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. The Company believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance by excluding items such as amortization of intangible assets, share-based compensation (“SBC”) and long-term incentive plan (“LTIP”) expenses, acquisition-related items, gains on the sale of businesses and assets, and other special items. LTIP expense relates to phantom share awards granted in China by the Company’s Intuitive-Fosun joint venture to its employees that vest over four years and can remain outstanding for seven to ten years. These awards are valued based on certain key performance metrics. Accordingly, they are subject to significant volatility based on the performance of these metrics and are not tied to performance of the Company’s business within the period. The Company believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to its historical performance. The Company believes these non-GAAP financial measures are useful to investors, because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making, and (2) they are used by institutional investors and the analyst community to help them analyze the performance of the Company’s business.

Non-GAAP gross profit. The Company defines non-GAAP gross profit as gross profit, excluding SBC and LTIP expenses, amortization of intangible assets, and acquisition-related items.

Non-GAAP income from operations. The Company defines non-GAAP income from operations as income from operations, excluding SBC and LTIP expenses, amortization of intangible assets, a facilities asset abandonment charge, litigation charges, acquisition-related items, and gains on the sale of businesses and assets.

Non-GAAP net income attributable to Intuitive and EPS. The Company defines non-GAAP net income as net income attributable to Intuitive, excluding SBC and LTIP expenses, amortization of intangible assets, a facilities asset abandonment charge, litigation charges, acquisition-related items, gains on the sale of businesses and assets, gains or losses on strategic investments, tax adjustments, including the excess tax benefits associated with SBC arrangements and the net tax effects related to intra-entity transfers of non-inventory assets, and adjustments attributable to noncontrolling interest in joint venture, net of the related tax effects. The Company excludes the excess tax benefits associated with SBC arrangements as well as the tax effects associated with non-cash amortization of deferred tax assets related to intra-entity non-inventory transfers, because the Company does not believe these items correlate with the ongoing results of its core operations. The tax effects of the non-GAAP items are determined by applying a calculated non-GAAP effective tax rate, which is commonly referred to as the with-and-without method. Without excluding these tax effects, investors would only see the gross effect that these non-GAAP adjustments had on the Company’s operating results. The Company’s calculated non-GAAP effective tax rate is generally higher than its GAAP effective tax rate. The Company defines non-GAAP EPS as non-GAAP net income attributable to Intuitive divided by diluted shares outstanding, which are calculated as GAAP weighted-average outstanding shares plus dilutive potential shares outstanding during the period.

There are a number of limitations related to the use of non-GAAP measures versus measures calculated in accordance with GAAP. Non-GAAP gross profit, non-GAAP income from operations, non-GAAP net income attributable to Intuitive, and non-GAAP EPS exclude items such as SBC and LTIP expenses, amortization of intangible assets, excess tax benefits associated with SBC arrangements, and non-cash amortization of deferred tax assets related to intra-entity transfers of non-inventory assets, which are primarily recurring items. SBC expense has been, and will continue to be for the foreseeable future, a significant recurring expense in the Company’s business. In addition, the components of the costs that the Company excludes in its calculation of non-GAAP net income attributable to Intuitive and non-GAAP EPS may differ from the components that its peer companies exclude when they report their results of operations. Management addresses these limitations by providing specific information regarding the GAAP amounts excluded from non-GAAP net income attributable to Intuitive and non-GAAP EPS and evaluating non-GAAP net income attributable to Intuitive and non-GAAP EPS together with net income attributable to Intuitive and net income per share attributable to Intuitive calculated in accordance with GAAP.

 INTUITIVE SURGICAL, INC.
UNAUDITED QUARTERLY CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(IN MILLIONS, EXCEPT PER SHARE DATA)
  Three Months Ended June 30,
2026 March 31,
2026 June 30,
2025Revenue:     Instruments and accessories$1,734.9  $1,686.4  $1,474.1 Systems 685.0   650.7   574.7 Services 472.4   433.7   391.2 Total revenue 2,892.3   2,770.8   2,440.0 Cost of revenue:     Product 777.0   780.0   686.2 Service 154.9   160.3   135.9 Total cost of revenue (1) 931.9   940.3   822.1 Gross profit 1,960.4   1,830.5   1,617.9 Operating expenses:     Selling, general, and administrative 617.9   613.3   561.2 Research and development 370.6   361.9   313.3 Total operating expenses 988.5   975.2   874.5 Income from operations (2) 971.9   855.3   743.4 Interest and other income (expense), net 82.7   85.1   88.7 Income before taxes 1,054.6   940.4   832.1 Income tax expense (benefit) (3) 231.4   114.4   167.9 Net income 823.2   826.0   664.2 Less: net income attributable to noncontrolling interest in joint venture 5.1   4.5   5.8 Net income attributable to Intuitive Surgical, Inc.$818.1  $821.5  $658.4 Net income per share attributable to Intuitive Surgical, Inc.:     Basic$2.31  $2.31  $1.84 Diluted (4)$2.29  $2.28  $1.81 Weighted average shares outstanding:     Basic 354.1   354.9   358.5 Diluted 357.3   359.8   364.1       (1) Cost of revenue includes the following benefits related to refunds recognized for tariffs paid in prior periods under IEEPA:Product$27.5  $—  $— Service$8.4  $—  $— (2) Income from operations includes the effect of the following items:     Amortization of intangible assets$(24.0) $(7.1) $(3.2)Expensed IP charged to R&D$—  $—  $(1.6)(3) Income tax expense (benefit) includes the effect of the following items:     Excess tax benefits related to share-based compensation arrangements$(17.3) $(73.3) $(32.9)Discrete tax benefit from release of unrecognized tax benefits$—  $(1.6) $— (4) Diluted net income per share attributable to Intuitive Surgical, Inc. includes the effect of the following items:     IEEPA tariff refunds, net of tax$0.08  $—  $— Amortization of intangible assets, net of tax$(0.05) $(0.02) $(0.01)Expensed IP charged to R&D, net of tax$—  $—  $— Excess tax benefits related to share-based compensation arrangements$0.05  $0.20  $0.09 Discrete tax benefit from release of unrecognized tax benefits$—  $—  $—    INTUITIVE SURGICAL, INC.
UNAUDITED YEAR-TO-DATE CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(IN MILLIONS, EXCEPT PER SHARE DATA)   Six Months Ended June 30,  2026   2025 Revenue:   Instruments and accessories$3,421.3  $2,841.8 Systems 1,335.7   1,097.4 Services 906.1   754.2 Total revenue 5,663.1   4,693.4 Cost of revenue:   Product 1,557.0   1,356.9 Service 315.2   260.9 Total cost of revenue (1) 1,872.2   1,617.8 Gross profit 3,790.9   3,075.6 Operating expenses:   Selling, general, and administrative 1,231.2   1,124.6 Research and development 732.5   629.5 Total operating expenses 1,963.7   1,754.1 Income from operations (2) 1,827.2   1,321.5 Interest and other income, net 167.8   179.1 Income before taxes 1,995.0   1,500.6 Income tax expense (3) 345.8   132.7 Net income 1,649.2   1,367.9 Less: net income attributable to noncontrolling interest in joint venture 9.6   11.1 Net income attributable to Intuitive Surgical, Inc.$1,639.6  $1,356.8 Net income per share attributable to Intuitive Surgical, Inc.:   Basic$4.63  $3.79 Diluted (4)$4.57  $3.72 Weighted average shares outstanding:   Basic 354.5   358.0 Diluted 358.5   364.4     (1)Cost of revenue includes the following benefits related to refunds recognized for tariffs paid in prior periods under IEEPA:Product$27.5  $— Service$8.4  $— (2) Income from operations includes the effect of the following items:   Amortization of intangible assets$(31.1) $(6.6)Expensed IP charged to R&D$—  $(6.7)(3) Income tax expense includes the effect of the following items:   Excess tax benefits related to share-based compensation arrangements$(90.6) $(178.3)Discrete tax benefit from release of unrecognized tax benefits$(1.6) $(0.5)(4) Diluted net income per share attributable to Intuitive Surgical, Inc. includes the effect of the following items:IEEPA tariff refunds, net of tax$0.08  $— Amortization of intangible assets, net of tax$(0.06) $(0.01)Expensed IP charged to R&D, net of tax$—  $(0.01)Excess tax benefits related to share-based compensation arrangements$0.25  $0.49 Discrete tax benefit from release of unrecognized tax benefits$—  $—   INTUITIVE SURGICAL, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(IN MILLIONS)
  June 30,
2026 December 31,
2025Cash, cash equivalents, and investments$8,625.5 $9,034.1Accounts receivable, net 1,673.2  1,527.3Inventory 2,028.7  1,840.0Property, plant, and equipment, net 5,551.5  5,342.4Goodwill 580.6  370.3Deferred tax assets 652.4  1,018.6Other assets 1,764.7  1,326.0Total assets$20,876.6 $20,458.7    Accounts payable and other liabilities$1,916.9 $1,918.9Deferred revenue 662.0  598.1Total liabilities 2,578.9  2,517.0Stockholders’ equity 18,297.7  17,941.7Total liabilities and stockholders’ equity$20,876.6 $20,458.7      INTUITIVE SURGICAL, INC.
UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(IN MILLIONS, EXCEPT PER SHARE DATA)
       Three Months Ended Six Months Ended  June 30,
2026 March 31,
2026 June 30,
2025 June 30,
2026 June 30,
2025GAAP gross profit $1,960.4  $1,830.5  $1,617.9  $3,790.9  $3,075.6 GAAP gross profit margin (1)  67.8%  66.1%  66.3%  66.9%  65.5%Share-based compensation expense  36.2   36.0   36.6   72.2   72.8 Long-term incentive plan expense  (0.1)  0.1   0.1   —   0.4 Amortization of intangible assets  23.3   6.6   2.5   29.9   4.9 Acquisition-related items  4.1   5.9   —   10.0   — Non-GAAP gross profit $2,023.9  $1,879.1  $1,657.1  $3,903.0  $3,153.7 Non-GAAP gross profit margin (1)  70.0%  67.8%  67.9%  68.9%  67.2%           GAAP income from operations $971.9  $855.3  $743.4  $1,827.2  $1,321.5 Share-based compensation expense  209.9   209.5   196.2   419.4   381.4 Long-term incentive plan expense  (0.4)  0.5   0.3   0.1   1.1 Amortization of intangible assets  24.0   7.1   3.2   31.1   6.6 Facilities asset abandonment charge  6.9   —   —   6.9   — Litigation charges  —   6.3   3.5   6.3   3.5 Gains on sale of businesses and assets  —   (7.9)  —   (7.9)  — Acquisition-related items  5.7   6.0   —   11.7   — Non-GAAP income from operations $1,218.0  $1,076.8  $946.6  $2,294.8  $1,714.1            GAAP net income attributable to Intuitive Surgical, Inc. $818.1  $821.5  $658.4  $1,639.6  $1,356.8 Share-based compensation expense  209.9   209.5   196.2   419.4   381.4 Long-term incentive plan expense  (0.4)  0.5   0.3   0.1   1.1 Amortization of intangible assets  24.0   7.1   3.2   31.1   6.6 Facilities asset abandonment charge  6.9   —   —   6.9   — Litigation charges  —   6.3   3.5   6.3   3.5 Gains on sale of businesses and assets  —   (7.9)  —   (7.9)  — (Gains) losses on strategic investments  (0.2)  (0.6)  4.4   (0.8)  5.0 Acquisition-related items  5.7   6.0   —   11.7   — Tax adjustments (2)  (62.1)  (141.1)  (67.8)  (203.2)  (294.4)Adjustments attributable to noncontrolling interest in joint venture  0.2   (0.2)  (0.3)  —   (0.6)Non-GAAP net income attributable to Intuitive Surgical, Inc. $1,002.1  $901.1  $797.9  $1,903.2  $1,459.4            GAAP net income per share attributable to Intuitive Surgical, Inc. - diluted $2.29  $2.28  $1.81  $4.57  $3.72 Share-based compensation expense  0.59   0.58   0.54   1.17   1.05 Long-term incentive plan expense  —   —   —   —   — Amortization of intangible assets  0.07   0.02   0.01   0.09   0.02 Facilities asset abandonment charge  0.02   —   —   0.02   — Litigation charges  —   0.02   0.01   0.02   0.01 Gains on sale of businesses and assets  —   (0.02)  —   (0.02)  — (Gains) losses on strategic investments  —   —   0.01   —   0.01 Acquisition-related items  0.01   0.01   —   0.03   — Tax adjustments (2)  (0.18)  (0.39)  (0.19)  (0.57)  (0.81)Adjustments attributable to noncontrolling interest in joint venture  —   —   —   —   — Non-GAAP net income per share attributable to Intuitive Surgical, Inc. - diluted $2.80  $2.50  $2.19  $5.31  $4.00            (1) Gross profit margin is calculated by dividing gross profit by revenue. (2) For the three months ended June 30, 2026, tax adjustments included: (a) excess tax benefits associated with share-based compensation arrangements of $(17.3) million, or $(0.05) per diluted share; (b) the tax impact related to intra-entity transfers of non-inventory assets of $10.7 million, or $0.03 per diluted share; and (c) other tax adjustments effects determined by applying a calculated non-GAAP effective tax rate of $(55.5) million, or $(0.16) per diluted share. For the three months ended June 30, 2025, tax adjustments included: (a) excess tax benefits associated with share-based compensation arrangements of $(32.9) million, or $(0.09) per diluted share; (b) the tax impact related to intra-entity transfers of non-inventory assets of $10.7 million, or $0.03 per diluted share; and (c) other tax adjustments effects determined by applying a calculated non-GAAP effective tax rate of $(45.6) million, or $(0.13) per diluted share. For the six months ended June 30, 2026, tax adjustments included: (a) excess tax benefits associated with share-based compensation arrangements of $(90.6) million, or $(0.25) per diluted share; (b) tax impact related to intra-entity transfers of non-inventory assets of $21.4 million, or $0.06 per diluted share; and (c) other tax adjustments effects determined by applying a calculated non-GAAP effective tax rate of $(134.0) million, or $(0.37) per diluted share. For the six months ended June 30, 2025, tax adjustments included: (a) excess tax benefits associated with share-based compensation arrangements of $(178.3) million, or $(0.49) per diluted share; (b) tax impact related to intra-entity transfers of non-inventory assets of $21.4 million, or $0.06 per diluted share; and (c) other tax adjustments effects determined by applying a calculated non-GAAP effective tax rate of $(137.5) million, or $(0.38) per diluted share.
  Contact: Investor Relations
(408) 523-2161
2026-07-16 21:02 28d ago
2026-07-16 16:35 29d ago
Intuitive Surgical Stock Falls Despite Q2 Earnings Beat
ISRG Intuitive Surgical
FMP Stock News
Original source text
ISRG stock is moving. Watch the price action here. Intuitive Surgical reported quarterly earnings of $2.80 per share, which beat the Street estimate of $2.50 by 12%, according to Benzinga Pro data.

Quarterly revenue came in at $2.89 billion, which beat the analyst consensus estimate of $2.82 billion.

Intuitive Surgical reported the following second-quarter highlights:

“We are pleased with company performance this quarter, which reflects the strength of our portfolio — from da Vinci and Ion to our growing digital solutions,” said Dave Rosa, Intuitive CEO.

ISRG Stock Price Activity: According to data from Benzinga Pro, Intuitive Surgical stock was down 8.53% to $368.99 in Thursday’s extended trading.  

Photo: Shutterstock

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2026-07-16 21:01 28d ago
2026-07-16 16:08 29d ago
A Sea Limited Insider Keeps Selling. The Stock Is Down 30% but the Business Grew 47%
SE Sea Limited
FMP Stock News
Original source text
Yanjun Wang, the CCO and GC of Sea Limited (SE 4.62%), sold 3,000 Class A ordinary shares in an indirect transaction on July 14 and July 15, 2026, according to an SEC Form 4 filing.

Transaction summaryMetricValueTransaction value$332,310Shares sold (indirectly held)3,000Post-transaction shares (directly held)1,162,442Post-transaction shares (indirectly held)34,000Post-transaction value$133.24 millionTransaction value based on SEC Form 4 weighted average sale price ($110.77); post-transaction value based on July 15, 2026 market close ($111.36).

Key questionsWhat was the mechanism for this share disposal?
The transaction was executed via a British Virgin Islands entity under a Rule 10b5-1 trading plan established in March 2026. These plans allow insiders to schedule transactions in advance to mitigate concerns regarding the possession of material non-public information.What is the current scale of the insider's equity alignment?
Following this sale, Wang maintains significant exposure to the company through about 1.2 million directly held shares and 34,000 shares held indirectly. This position indicates a high degree of ongoing alignment with shareholder interests.How does the current activity relate to total holdings?
The sale of 3,000 shares liquidated only 0.25% of the insider's total beneficial ownership. This modest reduction suggests the transaction is a routine portfolio management event rather than a shift in institutional conviction.What is the recent performance context for the security?
As of July 15, 2026, the transaction date, the company has generated a one-year total return of -30%, providing a clinical backdrop to this pre-scheduled liquidity event.Company OverviewMetricValueShare Price (as of market close 2026-07-15)$111.36Market Capitalization$68.2 billionRevenue (TTM)$25.2 billionNet Income (TTM)$1.6 billionCompany SnapshotSea Limited operates three core business segments: digital entertainment through its Garena platform offering online games and eSports events, e-commerce operations serving consumers across Southeast Asia and Latin America, and digital financial services providing payment and fintech solutions to its customer base.The company generates revenue through multiple channels, including in-game purchases and advertising within its digital entertainment platform, transaction fees and commissions from e-commerce marketplace operations, and service fees from its digital financial services offerings.Sea Limited primarily serves digital-native consumers and merchants across Southeast Asia, Latin America, and other emerging markets, with a particular focus on mobile-first users in developing economies seeking gaming entertainment, online shopping, and financial services.Sea Limited is a diversified digital platform operator with a $68.2 billion market capitalization and TTM revenues of $25.2 billion, positioning it as a leading technology conglomerate in emerging markets. The company leverages its integrated ecosystem spanning entertainment, commerce, and fintech to capture multiple revenue streams while maintaining significant scale across geographically fragmented markets. Sea's competitive advantage derives from its multi-platform approach, deep regional expertise in Southeast Asia and Latin America, and ability to cross-monetize its user base across its three core business segments.

What this transaction means for investorsThis sale ultimately looks like another scheduled slice off the same plan that Wang’s been using to sell off every few days over a period of months. Wang sold through a BVI entity, and it’s worth noting that 3,000 shares clears just a quarter of a percent of her stake while she keeps more than 1.2 million shares. When an insider sells small, regular amounts on autopilot, as is the case here, the recurring nature is itself the tell: this is programmed diversification, not someone reacting to the stock's rough year. If anything, the louder signal points the other way, since Sea has been buying back its own shares under a $1 billion program.

The business keeps outrunning its stock. Sea's first-quarter revenue jumped 47% to $7.1 billion, and adjusted EBITDA topped $1 billion for the first time, powered by Shopee's record volume and a fast-growing lending arm. CEO Forrest Li framed 2026 as a year to lean into growth while holding financial discipline. Ultimately, for long-term investors, this recurring selling is noise. More important will be whether Shopee's profitability holds and whether the firm’s expanding SME loan book, which climbed 71% to nearly $10 billion, stays clean.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Sea Limited. The Motley Fool has a disclosure policy.
2026-07-16 21:01 28d ago
2026-07-16 16:13 29d ago
A Sea Limited Billionaire Sold $4.4 Million in Stock but Kept Billions More
SE Sea Limited
FMP Stock News
Original source text
COO Ye Gang disclosed a sale of 40,000 Class A ordinary shares of Sea Limited (SE 4.62%) for about $4.4 million in a SEC Form 4 filing.

Transaction summaryMetricValueTransaction value$4.4 millionShares sold40,000Post-transaction shares (total)22.0 millionPost-transaction shares (directly held)21.6 millionPost-transaction shares (indirectly held)360,000Post-transaction value$2.45 billionTransaction value based on SEC Form 4 weighted average sale price ($110.94); post-transaction value based on July 15, 2026 market close ($111.36).

Key questionsWhat was the structural nature of this transaction?
The sale was conducted indirectly through a BVI entity and exclusively involved Class A ordinary shares, leaving the insider's direct holdings of 21.6 million shares unchanged.Does this trade indicate a shift in management's outlook?
The disposition was pre-arranged through a Rule 10b5-1 trading plan established on September 4, 2025, which suggests the transaction was a routine liquidity event rather than a discretionary response to recent company developments.How does this move align with recent price action?
Shares of Sea Limited were priced at $111.36 as of the July 15, 2026 market close, following a 12-month period in which the consumer cyclical stock saw a -30% total return.What is the status of the insider's remaining equity?
Following the sale, Ye Gang retains a 4.0% ownership interest in the Singapore-based company, which operates in the specialty retail industry across Southeast Asia and Latin America.Company OverviewMetricValueShare Price (as of market close 2026-07-15)$111.36Market Capitalization$68.2 billionRevenue (TTM)$25.2 billionNet Income (TTM)$1.6 billionCompany SnapshotSea Limited operates three core business segments: digital entertainment through its Garena platform offering online games and eSports events, e-commerce operations serving consumers across Southeast Asia and Latin America, and digital financial services providing payment and fintech solutions to its customer base.The company generates revenue through multiple channels including in-game purchases and advertising within its digital entertainment platform, transaction fees and commissions from e-commerce marketplace operations, and service fees from its digital financial services offerings.Sea Limited primarily serves digital-native consumers and merchants across Southeast Asia, Latin America, and other emerging markets, with a particular focus on mobile-first users in developing economies seeking gaming entertainment, online shopping, and financial services.Sea Limited is a diversified digital platform operator with a $68.2 billion market capitalization and TTM revenues of $25.2 billion, positioning it as a leading technology conglomerate in emerging markets. The company leverages its integrated ecosystem spanning entertainment, commerce, and fintech to capture multiple revenue streams while maintaining significant scale across geographically fragmented markets. Sea's competitive advantage derives from its multi-platform approach, deep regional expertise in Southeast Asia and Latin America, and ability to cross-monetize its user base across its three core business segments.

What this transaction means for investorsThis filing shows a billionaire co-founder taking a sliver of pocket change off the table, so it’s not really a signal to chase. Ye scheduled the trade last September under a preset plan, and while $4.4 million sounds like a lot, it's a rounding error against his fortune: he still directly holds 21.6 million shares, roughly $2.4 billion worth, and keeps a 4% stake in the company he helped build. When someone this deeply invested sells a fraction of a percent on autopilot, it’s reasonable to view this as an example of personal financial planning, even with the stock down 30% over the past year.

He's also not the only insider selling small amounts lately, though all of it has run on plans set months ago while Sea itself buys back stock under a $1 billion program. Meanwhile, the business keeps outpacing the share price: first-quarter revenue jumped 47% to $7.1 billion, and adjusted EBITDA cleared $1 billion for the first time. CEO Forrest Li called 2026 a year to lean into growth. Second-quarter earnings due out next month will be the next big important signal to watch.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Sea Limited. The Motley Fool has a disclosure policy.
2026-07-16 21:01 28d ago
2026-07-16 15:09 29d ago
Investor Notice: Robbins LLP Informs Investors of the Regeneron Pharmaceuticals, Inc. Class Action Lawsuit
REGN Regeneron Pharmaceuticals
FMP Stock News
Original source text
SAN DIEGO--(BUSINESS WIRE)--Robbins LLP informs stockholders that a class action was filed on behalf of investors who purchased or otherwise acquired Regeneron Therapeutics, Inc. (NASDAQ: REGN) from August 1, 2025 to May 15, 2026. Regeneron is a pharmaceutical company that discovers, invents, develops, manufactures, tests, and commercializes medicines to treat various disorders worldwide.

Robbins LLP is Investigating Allegations that Regeneron Therapeutics, Inc. (REGN) Misled Investors Regarding the Viability of its Phase III Fianlimab-Libtayo Study

ShareFor more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.

The Allegations: Robbins LLP is Investigating Allegations that Regeneron Therapeutics, Inc. (REGN) Misled Investors Regarding the Viability of its Phase III Fianlimab-Libtayo Study

According to the complaint, during the relevant period, Regeneron was investigating Fianlimab, a human monoclonal antibody targeting the LAG-3 immune checkpoint receptor on T-cells. Fianlimab was pertinently being tested in combination with Libtayo in a phase 3 study to determine whether the drug combination could serve as a first-line treatment for advanced melanoma (the “Phase III Fianlimab-Libtayo Study”). The study had commenced enrollment in mid-2022.

Plaintiff alleges that defendants provided overwhelmingly positive statements to investors while, at the same time, concealing the true state of Regeneron’s Phase III Fianlimab Libtayo Study; notably, that (i) its preliminary statistical assumptions were fundamentally flawed; (ii) the active treatment arm was failing to achieve meaningful clinical differentiation over standard therapies; and (iii) the trial would ultimately fail to reach statistical significance on its primary endpoint even without overperformance of the control arm.

Plaintiff alleges that April 29, 2026, during Regeneron’s first quarter earnings call, defendants disclosed the Phase III Fianlimab-Libtayo Study had been altered, expanding the number of patients in the study eligible for “analysis of progression-free survival.” On this news, the price of Regeneron’s common stock declined from a closing market price of $731.77 per share on April 28, 2026, to $686.36 per share on April 29, 2026, a decline of about 6.2% in the span of just a single day. Then, after-market on May 15, 2026, Regeneron announced that the “Phase 3 Trial of Fianlimab . . . did not reach statistical significance for the primary endpoint of improvement in progression-free survival (PFS).” On this news, the price of Regeneron’s common stock declined from $698.25 per share on May 15, 2026, to $629.68 per share on May 18, 2026, a decline of about 9.8% in the span of one day.

What Now: You may be eligible to participate in the class action against Regeneron Therapeutics, Inc. Shareholders who wish to serve as lead plaintiff for the class should contact Robbins LLP. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About Robbins LLP: A recognized leader in shareholder rights litigation, Robbins LLP has helped restore more than $1 billion in value to shareholders, secured some of the largest recoveries in shareholder derivative litigation history, and achieved governance reforms at over 400 Fortune 1000 companies.

"Behind everything we do is the belief that companies should be governed responsibly, fiduciaries should be held accountable, and shareholders deserve transparency and fairness," said Brian J. Robbins, Founding Partner of Robbins LLP.

To be notified if a class action against Regeneron Therapeutics, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.
2026-07-16 21:01 28d ago
2026-07-16 15:01 29d ago
Why Direxion Daily Semiconductor Bull 3X ETF Just Crashed
TSM Taiwan Semiconductor
FMP Stock News
Original source text
It's Thursday, 2:30 p.m., and do you know where the Nasdaq is?

It's down about 1.3% -- but the Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL 13.94%) is down much, much more, collapsing 14.5% as investors react to some caveats in Taiwan Semiconductor Manufacturing Company's (TSM 2.68%) otherwise blockbuster Q2 earnings report.

Image source: Getty Images.

TSMC spooks the market On the surface, everything seems to be going swimmingly for TSMC. Q2 revenue jumped 33% to $39.4 billion. Profits did even better, blowing past analyst estimates by growing 77% year over year to $21.9 billion.

Free cash flow came in significantly weaker than reported earnings, however, at just $8.9 billion, according to S&P Global Market Intelligence data, as TSMC continued to invest heavily to increase production of semiconductor chips -- and that's where TSMC spooked the market.

Prior to reporting earnings, TSMC had told investors it would need to spend about $54 billion this year on capital investment. Now it thinks it will need to spend $60 billion or more.

NYSEMKT: SOXLDirexion Shares ETF Trust - Direxion Daily Semiconductor Bull 3x Shares

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3x the risk, 3x the gain Semiconductor investors worry that all this spending is proof that artificial intelligence is too expensive -- that the cost of building chip factories and manufacturing AI chips won't ever be recouped through selling AI services, and the whole AI revolution could short-circuit as a result. Shares of Nvidia (NVDA 2.43%), Micron (MU 5.97%), and Intel (INTC 5.98%) -- all components of the SOXL ETF -- are falling single-digits today.

Unfortunately for investors, because SOXL intentionally triples its exposure to these stocks, its losses today are multiples of the individual stocks' losses, and SOXL is down double digits.

That's the risk you take, though, when you invest in this heavily leveraged bet on semiconductors: Big risks, big (negative) rewards when the bet goes wrong.

Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Intel, Micron Technology, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
2026-07-16 21:01 28d ago
2026-07-16 15:10 29d ago
TSMC Commits $100 Billion to US Chip Manufacturing
TSM Taiwan Semiconductor
FMP Stock News
Original source text
The world’s largest semiconductor foundry, Taiwan Semiconductor ((TSM - Free Report) ), delivered another exceptional quarterly earnings report this morning, reinforcing the strength and durability of the global AI investment cycle.

In US dollars, second quarter revenue was $40.20 billion, which increased 33.7% year-over-year and increased 12.0% from the previous quarter.Raised full-year 2026 revenue growth guidance to slightly above 40% in US dollar terms, up from its previous projection of 30%.Chips using advanced technologies (7-nanometer and below) accounted for 77% of wafer revenue.Alongside the financial news, TSMC announced an additional $100 billion investment plan for its Arizona fabrication plants, for a total of $265 billion.Altogether, this was a highly encouraging update on the business, with broad implications for the endurance of the AI boom. While investors have grown increasingly concerned about the scale of hyperscaler spending, and the rising use of debt to fund that investment, TSMC appears more than comfortable expanding capacity and moving closer to the source of demand.

As a critical piece of infrastructure supporting the AI buildout, TSM shares have compounded at an extraordinary annualized rate of 61.6% since the beginning of 2023, producing a total return of roughly 450%. Despite the strong report, the stock is down ~3% as of this writing.

Image Source: Zacks Investment Research

Should Investors Be Selling TSM Shares too?With TSM shares selling off following the earnings report, investors may be wondering whether they should follow the market’s lead. However, given the company’s central role in the AI buildout and broader semiconductor industry, the weakness is more likely a bout of profit-taking after a strong run, compounded by renewed skepticism and selling across the AI trade.

Taiwan Semiconductor’s outlook is undoubtedly tied to the continued expansion of the AI boom. Even so, its current growth forecasts remain compelling, particularly in the context of the stock’s valuation. Sales are expected to grow 32% this year and another 27% next year, while earnings are projected to rise 45% this year and 27.5% next year.

Despite that growth, TSM trades at roughly 27x forward earnings, giving the stock a PEG ratio near 1. With powerful thematic momentum behind the business and production capacity expanding in the United States, there may also be room for valuation multiple expansion on top of the expected earnings growth.

Furthermore, TSM carries a Zacks Rank #2 (Buy), reflecting positive earnings estimate momentum. Over the past 30 days, analysts have unanimously raised their estimates across the board, reinforcing the strength of the company’s near-term outlook.

Image Source: Zacks Investment Research

The AI Pendulum Swings Back Toward SkepticismThroughout the AI boom, investor sentiment has repeatedly swung between exuberance and skepticism. Strong advances encourage increasingly aggressive expectations, which eventually give way to concerns about overspending, competition and uncertain returns on investment. Those resets can produce sharp volatility even when the underlying growth cycle remains intact.

TSMC’s results suggest that the current weakness is still more of a sentiment and positioning correction than a deterioration in the fundamental AI thesis. The stock may need time to digest its gains, but accelerating revenue growth, rising estimates and another major capacity commitment indicate that demand remains strong.

That outlook would change if hyperscalers began materially reducing capital expenditures or if TSMC showed signs of excess capacity and weakening advanced-chip demand. For now, however, the pendulum appears to be swinging toward excessive pessimism even as the company’s operating performance continues to strengthen.
2026-07-16 21:01 28d ago
2026-07-16 15:39 29d ago
Apple's New iPhone Is Going to Cost Significantly More Than Last Year. That's Great News for These 2 Potential Millionaire-Maker Stocks.
TSM Taiwan Semiconductor
FMP Stock News
Original source text
Next-generation iPhones are just around the corner, and Apple (AAPL +1.72%) is expected to spend significantly more money to manufacture them this year.

Market research firm Counterpoint Research notes that the bill of materials (BOM) for the anticipated iPhone 18 Pro Max could increase by almost $300 compared with its predecessor. While the BOM of last year's model was around $500, the next-generation device could see that number rising to $800. The research firm adds that memory chips and the processor will be the biggest drivers of this cost increase.

Apple is likely to take a margin hit even if it decides to increase the prices of this year's models by $200, according to Counterpoint. It is easy to see why this Magnificent Seven company could absorb some of the costs rather than pass them on to customers. Apple's current iPhones have been highly popular, helping the company increase its market share by four percentage points year over year in Q2 2026 to 20%, according to Omdia.

Also, Apple has a large installed base of users on older iPhones, and it would want them to upgrade to its latest devices. So, it won't be surprising to see iPhone sales growing this year, even though the broader smartphone market struggles due to high component costs. That's great news for Sandisk (SNDK 12.63%) and Taiwan Semiconductor Manufacturing (TSM 2.68%), two companies that could win big from Apple's higher costs and price hikes.

Image source: Getty Images.

Memory manufacturer Sandisk is poised for windfall gains from the new iPhones The cost of dynamic random-access memory (DRAM) and NAND flash storage will witness the biggest jump in the BOM of Apple's flagship smartphone this year. In fact, NAND flash will be the costliest component in the iPhone 18 Pro Max, according to Counterpoint.

That's great news for Sandisk, a pure-play NAND flash storage manufacturer. This growth stock has already shot up by a whopping 539% in 2026, as of this writing. Sandisk's multibagger performance has been fueled by a scarcity of NAND flash storage, which is being widely used in artificial intelligence (AI) data centers.

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The supply crunch has led to a sharp increase in NAND flash prices. Gartner predicts that NAND flash prices could jump by a whopping 234% in 2026, and not much respite is expected next year either, as demand will continue to overwhelm supply. It is worth noting that Sandisk is reportedly on the list of Apple's flash storage suppliers, and it is also the official manufacturer of external storage accessories for the tech giant.

Given that Apple's smartphone shipments increased by more than 6% in 2025 to almost 248 million, and it had a staggering 315 million users on iPhones that were at least four years old during the iPhone 17 launch, there is a good chance of the tech giant's shipments rising in 2026. So, Sandisk can take advantage of higher volumes and strong pricing, which should help it sustain its red-hot rally.

After all, Sandisk's earnings per share are expected to more than triple in the current fiscal year that has just started, and it trades at an attractive 25 times forward earnings. Importantly, Sandisk's earnings per share are projected to grow at an eye-popping pace over the long run.

Data by YCharts

The stunning earnings growth that Sandisk is poised to clock in the future could lead to phenomenal upside, making it an ideal investment for anyone looking to construct a million-dollar portfolio.

TSMC's next-generation process node is going to power Apple's upcoming iPhones Apple taps Taiwan Semiconductor Manufacturing, commonly known as TSMC, to manufacture the chips that power its iPhones. In fact, Apple is one of TSMC's biggest customers, along with Nvidia.

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Counterpoint pointed out that Apple will use TSMC's latest 2-nanometer (nm) N2 process node to build the processor for the iPhone 18 series. This process node entered volume production in the fourth quarter of 2025, and TSMC is expanding production capacity for these chips. TSMC noted in its April earnings call that the N2 process node is witnessing "strong demand from both smartphone and HPC/AI applications."

What's worth noting is that TSMC's N2 node is reportedly sold out until 2028, suggesting that Apple may have cornered a significant share of this process node to build chips for its devices. Also, the N2 process node will reportedly carry a 20% to 30% premium over the 3nm process node, which Apple used to build the processors for last year's devices.

So, just like Sandisk, even TSMC could witness strong growth this year due to higher pricing and strong iPhone shipment volumes. The company's long-term earnings growth estimates have steadily ticked up over the past year, and that trend could continue given its solid pricing power.

Data by YCharts

TSMC is the largest semiconductor foundry in the world, with 73% market share. This puts it in a terrific position to capitalize on the semiconductor market's secular growth, which is why there is a solid chance that TSMC will become a multibagger by the end of the decade. Apple's upcoming iPhones could give TSMC's growth a nice boost, and its AI-focused customers should help it sustain solid growth over the long run.

As such, investors looking for a solid semiconductor stock to add to their potential million-dollar portfolios should take a closer look at TSMC before it jumps higher following respectable gains of 32% this year.
2026-07-16 21:01 28d ago
2026-07-16 06:15 29d ago
AtaiBeckley to be acquired by Eli Lilly in deal valued at up to $3.8 billion
LLY Eli Lilly & Co
FMP Stock News
Original source text
AtaiBeckley Inc. (NASDAQ:ATAI, XETRA:9VC) has agreed to be acquired by Eli Lilly and Co (NYSE:LLY) in a transaction valued at up to approximately $3.8 billion, with the deal adding the clinical-stage biotechnology company's pipeline of investigational therapies for treatment-resistant depression and other mental health conditions to Lilly's neuroscience portfolio.

Under the terms of the agreement, Lilly will pay $6.75 per share in cash at closing, representing an aggregate equity value of about $2.8 billion.

Shareholders will also receive contingent value rights (CVRs) worth up to an additional $2.50 per share if specified clinical, regulatory and commercialization milestones for AtaiBeckley's lead programs are achieved, bringing the potential total equity value to about $3.8 billion.

The purchase price represents a premium of about 40% to AtaiBeckley's 30-day volume-weighted average share price, according to Lilly.

Lilly said the acquisition would strengthen its neuroscience portfolio by adding therapies designed to restore synaptic connectivity, an approach that differs from conventional antidepressants that primarily target neurotransmitter levels.

AtaiBeckley's lead candidate, BPL-003, is an intranasal synthetic form of 5-MeO-DMT being developed for treatment-resistant depression. The company said the therapy demonstrated rapid and durable reductions in depressive symptoms in a Phase 2b trial and has received Breakthrough Therapy Designation from the US Food and Drug Administration. Phase 3 activities have begun.

The company's second most advanced program, VLS-01, is a buccal film formulation of DMT that is currently being evaluated in a Phase 2b study.

"Treatment-resistant depression persists even after multiple treatments have failed. Millions of people are still searching for relief and desperately need a therapy that works," Carole Ho, executive vice president and president of Lilly Neuroscience, said in a statement.

"Advancing AtaiBeckley's investigational therapies gives us a real chance to change that."

AtaiBeckley CEO and co-founder Srinivas Rao said the transaction could accelerate development of the company's pipeline.

"Across our portfolio, we're seeking to demonstrate that psychiatric illness is treatable at its biological root, not just its symptoms," Rao said. "Lilly's expertise and reach are expected to accelerate that work for people whose conditions have not responded to existing treatments."

Christian Angermayer, founder, largest shareholder and chairman of AtaiBeckley, said the deal represented "the best path forward for patients and shareholders."

The transaction is expected to close in the third quarter of 2026, subject to approval by AtaiBeckley shareholders, regulatory approvals and other customary closing conditions.

Apeiron Investment Group and all AtaiBeckley directors and officers have entered voting and support agreements backing the transaction. The shares covered by those agreements represent approximately 15% of the company's outstanding common stock.

Goldman Sachs is serving as Lilly's exclusive financial adviser, while Moelis & Company and Centerview Partners are advising AtaiBeckley.

Shares of AtaiBeckley jumped over 33% at Thursday's open to sit around $7.15.
2026-07-16 21:00 28d ago
2026-07-16 16:22 29d ago
The Estée Lauder Companies Appoints Madeleine Boyd as Senior Vice President, Global Brand Communications
EL_US Estee Lauder
FMP Stock News
Original source text
NEW YORK--(BUSINESS WIRE)--The Estée Lauder Companies Inc. (NYSE: EL) today announced the appointment of Madeleine Boyd as Senior Vice President, Global Brand Communications, effective July 20, 2026.

As part of the company’s continued efforts to strengthen how its brands better connect with consumers, Ms. Boyd will establish and lead a newly integrated Global Brand Communications team. In this role, she will ensure the company’s diverse portfolio is anchored by a cohesive enterprise communications strategy, while accelerating bold, consumer-first storytelling that drives earned media, cultural relevance, and brand desirability. She will also strengthen creator engagement, helping the company’s brands gain attention where culture is being shaped.

Ms. Boyd brings extensive experience spanning brand strategy, communications, consumer engagement, and cultural insights across the beauty, luxury, and lifestyle sectors. Most recently, she served as Global Senior Vice President, Beauty & Wellness at Together Group, where she led the Group’s Beauty & Wellness division across its portfolio of 15 leading agencies and consultancies, driving strategy, growth, and market positioning.

Prior to Together Group, Ms. Boyd spent nearly seven years at Karla Otto, one of the industry’s leading luxury communications agencies, where she held a series of senior leadership roles, ultimately serving as Senior Vice President, Global Beauty & Wellness. Earlier in her career, Ms. Boyd held roles across brand marketing, digital content, and editorial at MECCA and Vogue Australia.

Throughout her career, she has partnered with some of the world’s most influential beauty and luxury brands, helping them navigate evolving consumer behaviors, cultural trends, and new communications channels to build relevance and long-term brand equity.

“Madeleine brings a powerful combination of strategic communications expertise, cultural fluency, and a deep understanding of today’s beauty consumer,” said Meridith Webster, Chief Communications & Public Affairs Officer, The Estée Lauder Companies. “As we continue to evolve how our brands engage consumers and shape conversations globally, Madeleine will lead a best-in-class Global Brand Communications organization that elevates our storytelling, strengthens collaboration across our portfolio, and helps our brands earn relevance, resonance, and long-term desirability.”

About The Estée Lauder Companies

The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers, and sellers of quality skin care, makeup, fragrance, and hair care products, and is a steward of luxury and prestige brands globally. The Company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+, the DECIEM family of brands, including The Ordinary and NIOD, and BALMAIN Beauty.

More News From The Estée Lauder Companies Inc.
2026-07-16 20:59 28d ago
2026-07-16 15:21 29d ago
Honda Will Stop Selling Its Lone Electric Vehicle in the U.S.
HMC Honda
FMP Stock News
Original source text
Sales of the Prologue, an electric SUV, will end this year amid a pivot to hybrids.
2026-07-16 20:58 28d ago
2026-07-16 15:06 29d ago
PLD's Q2 Core FFO Beat Estimates, Revenues Rise on Higher Rental Income
PLD Prologis
FMP Stock News
Original source text
Prologis tops Q2 estimates on higher rental revenues and solid leasing, reaffirms its 2026 outlook and maintains strong occupancy.
2026-07-16 20:57 28d ago
2026-07-16 15:21 29d ago
ROBLOX DEADLINE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Roblox Corporation Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – RBLX
RBLX Roblox
FMP Stock News
Original source text
NEW YORK, July 16, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Roblox Corporation (NYSE: RBLX) between October 30, 2025 and April 30, 2026, inclusive (the “Class Period”), of the important August 7, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Roblox common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Roblox class action, go to https://rosenlegal.com/cases/roblox-corporation-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 7, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Roblox’s organic growth potential; notably, that Roblox would see a significant slowdown in its growth rates as enrollment in the age verification rollout would quickly taper, compounding the resulting slowdown in on-platform communication, resulting in app store rating reductions and a swift reduction in organic growth. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Roblox class action, go to https://rosenlegal.com/cases/roblox-corporation-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com
2026-07-16 20:56 28d ago
2026-07-16 14:51 29d ago
The Investors Riding Along With Strategy's Bitcoin Rollercoaster
MSTR Strategy
FMP Stock News
Original source text
A nearly 40% slide in shares of Michael Saylor's bitcoin-hoarding company this year hasn't fazed its most fervent believers.
2026-07-16 20:56 28d ago
2026-07-16 16:16 29d ago
Better Aviation ETF: State Street's Aerospace-Focused XAR vs. U.S. Global's JETS Targeting Airlines
STT State Street Corporation
FMP Stock News
Original source text
The State Street SPDR S&P Aerospace & Defense ETF (XAR 2.73%) provides more affordable access to the defense and aircraft manufacturing industry, whereas the U.S. Global Jets ETF (JETS +0.00%) focuses specifically on global airline operators.

Investors looking to gain exposure to the aviation sector may find these two funds offer very different risk-return profiles. While one fund focuses on the cyclical nature of commercial travel, the other aligns with broader industrial manufacturing and national security spending.

Snapshot (cost & size)MetricJETSXARIssuerU.S. GlobalState StreetShare price$31.25 (as of 2026-07-15)$266.32 (as of 2026-07-15)Expense ratio0.60%0.35%1-yr return (as of 2026-07-15)27.20%24.50%Dividend yield0.70%0.30%Beta1.181.00AUM$851.4 million$6.0 billionBeta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-year return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.

The State Street fund is the more affordable option, with an expense ratio of 0.35% compared to the 0.60% charged by the U.S. Global fund. In terms of income, the U.S. Global ETF provides a higher trailing distribution payout.

Performance & risk comparisonMetricJETSXARMax drawdown (5 yr)(40.40%)(28.30%)Growth of $1,000 over 5 years (total return)$1,415$2,190What's insideThe State Street SPDR S&P Aerospace & Defense ETF focuses on industrials at 98% and technology at 2%. It holds 47 positions, and its largest positions include Axon Enterprise (AXON +0.05%) at 3.35%, VSE (VSEC 3.03%) at 3.30%, and Hexcel (HXL 1.01%) at 3.05%. The fund was launched in 2011. The State Street SPDR S&P Aerospace & Defense ETF has paid $0.81 per share over the trailing 12 months, which on its recent ~$266.32 share price works out to a 0.30% yield.

The U.S. Global Jets ETF targets industrials at 89%, consumer cyclical at 8%, and technology at 3%. It holds 45 positions, and its top holdings include Southwest Airlines (LUV +0.40%) at 10.61%, American Airlines Group (AAL 0.19%) at 10.57%, and United Airlines (UAL 1.79%) at 10.56%. The fund was launched in 2015. The U.S. Global Jets ETF has paid $0.23 per share over the trailing 12 months, which on its recent ~$31.25 share price works out to a 0.70% yield.

For more guidance on ETF investing, check out the full guide at this link.

What this means for investorsFor investors seeking exposure to the aviation industry, the State Street SPDR S&P Aerospace & Defense ETF (XAR) and U.S. Global Jets ETF (JETS) provide an efficient way to do so. Which to choose depends on whether you prefer XAR’s equal-weight approach to the aerospace and defense sector, or JETS’ focus on airlines using a tiered weighting methodology.

JETS represents a pure-play bet on the travel industry and commercial aviation. The fund allocates its portfolio holdings into tiers with the top four U.S. airlines each receiving 10% weighting, giving them an outsized impact on the ETF’s performance. The travel sector is on the upswing from pandemic-era struggles, making JETS a compelling fund to capture this growth, although its expense ratio is high and it’s more volatile than XAR, as illustrated by its higher beta and five-year max drawdown.

XAR provides exposure to the defense sector, which has seen increased federal spending under the Trump Administration. Its equal weighting ensures larger companies don’t dominate fund performance, which takes advantage of the higher growth potential of the smaller businesses among its holdings. XAR is the fund for investors who want to take advantage of the “Security Supercycle” driven by escalating geopolitical tensions and heavy government investment in military readiness and modernization.
2026-07-16 20:54 28d ago
2026-07-16 16:01 29d ago
STAAR Surgical Announces Preliminary Net Sales for Second Quarter 2026
STAA Staar Surgical
FMP Stock News
Original source text
LAKE FOREST, Calif.--(BUSINESS WIRE)--STAAR Surgical Company (NASDAQ: STAA), the global leader in phakic IOLs with the EVO™ family of Implantable Collamer® Lenses (EVO ICL™) for vision correction, today announced strong preliminary net sales for the second quarter ended July 3, 2026. STAAR is announcing its preliminary net sales in advance of its quarterly earnings announcement, which it expects to issue on August 12, 2026.

Net sales for the second quarter of 2026 are expected to be in excess of $90 million, compared to net sales of $44.3 million for the second quarter of 2025.

The Company delivered strong second quarter net sales, led by sequential growth in China, solid growth across the broader Asia-Pacific region, and double-digit percentage growth in the Americas. In the EMEA region, net sales declined by a low single-digit percentage, reflecting ongoing turmoil in the Middle East; however, excluding the Middle East, EMEA achieved double-digit percentage growth, underscoring the strength of the Company's underlying business across that region.

Net sales in the Middle East, as well as certain parts of the EMEA and Asia-Pacific regions, continued to be adversely affected by significant geopolitical and macroeconomic headwinds, resulting in sales declines in those areas. The Company is actively monitoring these conditions and cautions that, if the current headwinds persist or worsen, then sales growth could continue to be negatively affected. Furthermore, the Company notes that a broadening of macroeconomic challenges to additional regions also could affect future results.

"We are pleased to report that we expect second quarter net sales to be in excess of $90 million, reflecting the strength of our team’s execution and the diversity of our global commercial operations," said Warren Foust, Co-CEO, President and Chief Operating Officer. "While geopolitical and macroeconomic pressures continue to present headwinds in certain markets, and while our ERP system implementation presented meaningful operational challenges during the quarter, our team again rose to the occasion and delivered strong results. We remain focused on resolving the remaining system issues in the third quarter and are confident in the continued momentum of our business."

“Our three core strategic objectives for 2026 continue to be revenue growth, profit expansion, and innovation acceleration. We look forward to providing additional perspective on progress regarding these goals when we report our full second quarter results.”

As previously disclosed, net sales during the second quarter of 2025 were negatively affected as the Company shipped minimal quantities of EVO ICLs to China while distributors worked through excess inventory. As of the end of the second quarter of 2026, distributor inventory appears to be within the Company’s targeted range to appropriately service the refractive market.

The financial information in this release is unaudited and subject to adjustment and confirmation as the Company completes its quarterly review and finalizes its financial statements to be filed with the Company’s Quarterly Report on Form 10-Q for the quarter ended July 3, 2026, and the review of the Company’s independent registered public accounting firm's consolidated financial statements for the quarterly period.

About STAAR Surgical

STAAR Surgical (NASDAQ: STAA) is the global leader in implantable phakic intraocular lenses, a vision correction solution that reduces or eliminates the need for glasses or contact lenses. Since 1982, STAAR has been dedicated solely to ophthalmic surgery, and for 30 years, STAAR has been designing, developing, manufacturing, and marketing advanced Implantable Collamer® Lenses (ICLs), using its proprietary biocompatible Collamer material. STAAR ICL’s are clinically-proven to deliver safe long-term vision correction without removing corneal tissue or the eye’s natural crystalline lens. Its EVO ICL™ product line provides visual freedom through a quick, minimally invasive procedure. STAAR has sold more than 4 million ICLs in over 85 countries. Headquartered in Lake Forest, California, the company operates research, development, manufacturing, and packaging facilities in California and Switzerland. For more information about ICL, visit www.discoverICL.com. To learn more about STAAR, visit http://www.staar.com.

We intend to use our website as a means of disclosing material non-public information about the Company and complying with Regulation FD. Such disclosures will be included on our website in the ‘Investor Relations’ sections at investors.staar.com. Accordingly, investors should monitor such portion of our website, in addition to following our press releases, SEC filings and public conference calls and webcasts. In addition, you may automatically receive email alerts and other information about the Company when you enroll your email address by visiting the Email Alerts section at investors.staar.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often contain words such as “anticipate,” “believe,” “expect,” “plan,” “estimate,” “project,” “continue,” “will,” “should,” “may,” and similar terms. All statements in this press release that are not statements of historical fact are forward-looking statements. These forward-looking statements are neither promises nor guarantees and involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from what is expressed or implied by the forward-looking statements, including, but not limited to: our ability to grow and generate profit; our reliance on independent distributors in international markets; a slowdown or disruption to the Chinese economy; global economic and geopolitical conditions; disruptions in our supply chain; fluctuations in foreign currency exchange rates; international trade disputes (including involving tariffs) and substantial dependence on demand from Asia; changes in effective tax rate or tax laws; any loss of use of our principal manufacturing facility; competition; potential losses due to product liability claims; our exposure to environmental liability; data corruption, cyber-based attacks or network security breaches and/or noncompliance with data protection and privacy regulations; acquisitions of new technologies; climate changes; the willingness of surgeons and patients to adopt a new or improved product and procedure; extensive clinical trials and resources devoted to research and development; compliance with government regulations; the discretion of regulatory agencies to approve or reject existing, new or improved products, or to require additional actions before or after approval, or to take enforcement action; laws pertaining to healthcare fraud and abuse; changes in FDA or international regulations related to product approval; product recalls or failures; and other important factors set forth in the Company’s Annual Report on Form 10-K for the year ended January 2, 2026 under the caption “Risk Factors,” which is filed with the Securities and Exchange Commission (the “SEC”) and available in the “Investor Information” section of the Company’s website under the heading “SEC Filings,” as any such factors may be updated from time to time in the Company’s other filings with the SEC.

Forward-looking statements speak only as of the date they are made and, except as may be required under applicable law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
2026-07-16 20:53 28d ago
2026-07-16 14:49 29d ago
Chinese Automaker XPeng Unveils L03 SUV in Munich, Steps Up Overseas Expansion
XPEV XPeng
FMP Stock News
Original source text
China’s XPeng XPEV unveiled its new L03 sport-utility vehicle in Munich, marking the company’s first global vehicle launch outside China as it steps up expansion in Europe and other overseas markets amid intensifying competition at home.

The L03 model has a starting price of 35,600 euros, equivalent to about $40,800, in Germany for the battery-electric version, while the extended-range model starts at €38,600. In China, prices range from 123,800 yuan to 156,800 yuan, equivalent to around $18,300 to $23,045.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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2026-07-16 20:52 28d ago
2026-07-15 00:00 30d ago
Vint Cerf’s DNSid Project Could Expand the AI Infrastructure Trade
NETUSA CloudFlare
FMP Stock News
Original source text
Listen to the audio version of this article (generated by AI).

AI agents have learned how to work.

They just haven’t learned how to leave the office.

Right now, most of the inference demand driving the AI infrastructure boom is happening inside company walls. A bank runs agents on internal risk data. A logistics company uses agents to optimize its own supply chain. A retailer deploys agents to manage procurement inside systems it already controls.

That demand and spending are real. And the trade around chips, memory, networking, storage, and power is already playing out.

But it is still mostly contained.

And Vint Cerf just started working on the layer that could let it break out.

Why Vint Cerf’s DNSid Project Matters for AI Agents Cerf helped build the modern internet. He’s one of the architects behind TCP/IP – the foundational protocols that made the internet possible. 

After more than two decades at Google, he is now turning to his next project: identity infrastructure for AI agents operating on the open internet. 

As TechCrunch reported, Cerf is now advising Innovation Labs on something called DNSid – essentially a passport system for AI agents. The idea is to link each agent to a verified domain name and use cryptographic proof to show where it came from, who authorized it, and who is responsible for what it does.

Cerf helped solve the internet’s first coordination problem. Now he’s working on the next one.

The Trust Problem Holding Back the Agentic Web The agent economy is still mostly trapped inside company walls.

Take a retailer’s procurement agent, for example. It operates inside the retailer’s own systems – searching its own inventory databases, working within its own supplier relationships, accountable to its own IT team. 

Most enterprise AI agents in production today work this way, contained within a single organization’s limits. And that’s why the current infrastructure demand, as large as it already is, may represent only a fraction of what’s coming.

The biggest use cases – and the ones that would generate the most compute demand – involve agents crossing organizational boundaries. 

A procurement agent that negotiates directly with a supplier’s agent.  A financial agent that transacts in real time with a bank’s agent.  A logistics agent that coordinates across a dozen different carriers’ systems simultaneously.  A healthcare agent that pulls verified records from multiple hospital networks to inform a treatment decision.  All require agents to operate across the open internet – interacting with unfamiliar systems, on behalf of humans who are not watching every step. 

But that world has a trust problem. 

When an agent shows up somewhere on the internet today, there’s no reliable way to verify who sent it, what it’s authorized to do, or who’s accountable if something goes wrong. Without a solution, the highest-value agentic use cases simply can’t safely deploy at scale.

That is the missing layer.

What Happens When AI Agents Can Work Across the Open Internet Before shared internet protocols, computer networks were islands. Each organization ran its own system. Those systems had value, but they could not easily talk to one another. 

Once a shared standard let those networks communicate, the internet became a global market. Every person and institution suddenly needed to connect. The demand for routers, cables, servers, and all the physical infrastructure underneath became essentially limitless.

The agentic web is approaching a similar moment. Today’s enterprise agent deployments look a lot like those isolated networks of the 1980s: valuable, growing, but fundamentally contained. Once a shared identity standard lets agents operate across organizational boundaries, with accountability built in, the addressable market for agentic infrastructure will likely expand dramatically.

Every cross-enterprise workflow becomes a potential agent-to-agent interaction. Every government service, financial transaction, and logistics chain becomes a candidate for agentic automation – each requiring inference compute, memory, networking, and storage that currently sits outside the demand projections most investors are working from.

The infrastructure thesis doesn’t change. The size of it does.

The Investment Implication: The Inference Market Gets Bigger The physical infrastructure stack – accelerators, high-bandwidth memory, optical networking, power, cooling, storage – remains the core of the trade. That demand keeps growing, and the companies supplying it are reporting it in earnings quarter after quarter.

Cerf’s work adds a new layer. If agents get a trusted way to identify themselves online, the demand story moves beyond internal enterprise workflows and onto the open internet. That would create a larger market than most investors are modeling. 

Cloudflare (NET) may be the cleanest public-market way to play that identity-and-routing layer. It already sits in the flow of internet traffic, security, authentication, and developer infrastructure. And its tools are increasingly being built for a world where agents need to discover services, prove who they are, and transact across the web. If the agentic web moves beyond the enterprise firewall, Cloudflare could become one of the trust-and-routing layers underneath it.

Beyond that, the broader infrastructure names supplying the physical substrate that every agent workload runs on are the same names that benefit directly when the agentic economy expands. More agents operating across more boundaries means more inference calls, more memory consumption, more networking traffic, more power draw.

The market understands enterprise agents.

It has not fully priced internet agents – or their much larger workload. 

The Bottom Line: AI Agent Identity Could Unlock the Agentic Web Agents are already working inside companies.

The bigger opportunity begins when they can work between companies.

That requires identity and trust – a way to know who sent the agent, what it is allowed to do, and who is responsible if something breaks.

Vint Cerf is working on that layer now.

If it works, the inference supercycle expands onto the open internet.

The physical infrastructure that powers that market is already being built. The companies supplying it are already reporting the demand. And the names best positioned for the next leg of this expansion – the ones the market hasn’t fully found yet – are exactly what we’ve been tracking.

That’s the trade. And it just got bigger.
2026-07-16 20:52 28d ago
2026-07-16 15:00 29d ago
Securities Fraud Investigation Into Pentair plc (PNR) Announced – Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm
PNR Pentair
FMP Stock News
Original source text
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Pentair plc (“Pentair” or the “Company”) (NYSE: PNR) investors concerning the Company's possible violations of the federal securities laws.IF YOU ARE AN INVESTOR WHO LOST MONEY ON PENTAIR PLC (PNR), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.What Happened?On July 15, 2026, Pentair.
2026-07-16 20:51 28d ago
2026-07-16 10:59 29d ago
Cintas upgraded by Bank of America after earnings beat and stronger outlook
CTAS Cintas
FMP Stock News
Original source text
Cintas Corporation (NASDAQ:CTAS) was upgraded to ‘Buy’ from Neutral by Bank of America, which also raised its price objective to $230 from $200 after the company's better-than-expected fourth-quarter fiscal 2026 results and fiscal 2027 guidance came in above Wall Street expectations.

The analysts wrote that they are "incrementally more constructive on the setup for earnings over the next several quarters" as Cintas benefits from improving labor market conditions in key industries, continued growth in adjacent product categories, and margin expansion driven by supply chain and distribution initiatives.

Bank of America expects Cintas to deliver another year of high-single-digit revenue growth alongside stronger margins. The firm highlighted technology investments, including SmartTruck, automated sorting, garment sharing and robotics, noting these initiatives have contributed more than 400 basis points of margin expansion over the past five years.

The analysts also pointed to improving employment trends in Cintas' core customer markets, which they believe should support customer additions and stronger revenue growth.

They added that the company's First Aid and Fire Safety businesses continue to benefit from cross-selling opportunities through its recurring route-based model.

Bank of America also identified Cintas' proposed acquisition of UniFirst as a potential catalyst. While the transaction remains under a second request from the US Federal Trade Commission, the analysts wrote they remain constructive on the deal's strategic rationale and believe the estimated $375 million in synergies "could be conservative."

The firm raised its valuation multiple to 39 times earnings from 37 times, reflecting greater confidence in potential earnings upside. While this represents a premium to business services peers, Bank of America wrote the valuation is supported by Cintas' consistent high-single-digit growth profile, cross-selling momentum and technology-driven productivity improvements.

Shares of Cintas traded higher on the upgrade, up 7% at $206.
2026-07-16 20:51 28d ago
2026-07-16 15:01 29d ago
Cintas upgraded by Bank of America after earnings beat and stronger outlook
CTAS Cintas
FMP Stock News
Original source text
Cintas Corporation (NASDAQ:CTAS) was upgraded to ‘Buy’ from Neutral by Bank of America, which also raised its price objective to $230 from $200 after the company's better-than-expected fourth-quarter fiscal 2026 results and fiscal 2027 guidance came in above Wall Street expectations.

The analysts wrote that they are "incrementally more constructive on the setup for earnings over the next several quarters" as Cintas benefits from improving labor market conditions in key industries, continued growth in adjacent product categories, and margin expansion driven by supply chain and distribution initiatives.

Bank of America expects Cintas to deliver another year of high-single-digit revenue growth alongside stronger margins. The firm highlighted technology investments, including SmartTruck, automated sorting, garment sharing and robotics, noting these initiatives have contributed more than 400 basis points of margin expansion over the past five years.

The analysts also pointed to improving employment trends in Cintas' core customer markets, which they believe should support customer additions and stronger revenue growth.

They added that the company's First Aid and Fire Safety businesses continue to benefit from cross-selling opportunities through its recurring route-based model.

Bank of America also identified Cintas' proposed acquisition of UniFirst as a potential catalyst. While the transaction remains under a second request from the US Federal Trade Commission, the analysts wrote they remain constructive on the deal's strategic rationale and believe the estimated $375 million in synergies "could be conservative."

The firm raised its valuation multiple to 39 times earnings from 37 times, reflecting greater confidence in potential earnings upside. While this represents a premium to business services peers, Bank of America wrote the valuation is supported by Cintas' consistent high-single-digit growth profile, cross-selling momentum and technology-driven productivity improvements.

Shares of Cintas traded higher on the upgrade, up 7% at $206.
2026-07-16 20:51 28d ago
2026-07-16 16:35 29d ago
CON EDISON DECLARES COMMON STOCK DIVIDEND
ED Consolidated Edison
FMP Stock News
Original source text
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 88.75 cents a share on its common stock, payable September 15, 2026 to stockholders of record as of August 19, 2026.

Consolidated Edison, Inc. is a holding company that provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric service in New York City and New York's Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan; Orange and Rockland Utilities, Inc. (O&R), a regulated utility serving customers in a 1,300-square-mile area in southeastern New York State and northern New Jersey; and Con Edison Transmission, Inc., a regulated company primarily under the oversight of the Federal Energy Regulatory Commission, that develops and invests in electric transmission projects and owns interests in both electric and gas assets.

SOURCE Consolidated Edison, Inc.

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2026-07-16 20:50 28d ago
2026-07-16 15:34 29d ago
Lucid Group, Inc. (LCID) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
LCID Lucid Group
FMP Stock News
Original source text
, /PRNewswire/ -- Glancy Prongay Wolke & Rotter LLP announces that investors with losses have opportunity to lead the securities fraud class action lawsuit against Lucid Group, Inc. ("Lucid" or the "Company") (NASDAQ: LCID).

IF YOU SUFFERED A LOSS ON YOUR LUCID INVESTMENTS, CLICK HERE BEFORE JULY 28, 2026 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT

What Is The Lawsuit About? 
The complaint filed alleges that, between February 25, 2026 and April 13, 2026, Defendants failed to disclose to investors that: (1) a supplier quality issue had significantly disrupted deliveries of the Lucid Gravity; (2) the foregoing was likely to, and did, have a material negative impact on the Company's business and financial results; (3) accordingly, the Defendants had overstated the purported enhancements to Lucid's manufacturing and delivery capabilities and overall operations; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More: 
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email:  [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

If you inquire by email, please include your mailing address, telephone number and number of shares purchased.  

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact Us: 
Glancy Prongay Wolke & Rotter LLP,  
1925 Century Park East, Suite 2100,
Los Angeles, CA 90067
Charles Linehan
Email:  [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.

SOURCE Glancy Prongay Wolke & Rotter LLP
2026-07-16 20:49 28d ago
2026-07-16 16:15 29d ago
Rithm Capital Corp. Schedules Second Quarter 2026 Earnings Release and Conference Call
RITM Rithm Capital Corporation
FMP Stock News
Original source text
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE:RITM, “Rithm Capital,” “Rithm” or the “Company”) announced today that it will release its second quarter 2026 financial results for the period ended June 30, 2026 on Tuesday, July 28, 2026 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on that same day at 8:00 a.m. Eastern Time. A copy of the earnings release will be posted to the Investors – Events & Presentations section of the C.
2026-07-16 20:49 28d ago
2026-07-16 14:26 29d ago
Tech Corner: DELL's Booming AI Server Business
DELL Dell
FMP Stock News
Original source text
Dell Technologies (DELL) has emerged as one of the biggest beneficiaries of the AI infrastructure boom, with record demand for its AI-optimized servers driving explosive revenue and earnings growth. In this Tech Corner, George Tsilis breaks down Dell's expanding AI server backlog, partnership with Nvidia, and why enterprises and governments are increasingly turning to Dell for next-generation data center infrastructure.
2026-07-16 20:48 28d ago
2026-07-16 15:39 29d ago
Zoetis Inc. (ZTS) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
ZTS Zoetis
FMP Stock News
Original source text
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN ZOETIS INC. (ZTS), CLICK HERE BEFORE JULY 27, 2026 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

, /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to Zoetis Inc. ("Zoetis" or the "Company") (NYSE:ZTS) have opportunity to lead the securities fraud class action lawsuit.

What Is The Lawsuit About? 
The complaint filed alleges that, between January 14, 2025 and May 6, 2026, Defendants failed to disclose to investors that: (1) veterinarian prescription growth and adoption of Zoetis' Librela, a canine pain treatment, were sharply weakening as clinicians became more cautious following FDA safety warnings concerning serious neurological complications in dogs; (2) Zoetis' Simparica Trio was losing significant market share to a lower priced competing canine parasiticide with broader indicated use in a slowing overall market; and (3) Zoetis' dermatology products, Apoquel and Cytopoint, were losing substantial market share to a newly launched competing canine treatment; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
The Law Offices of Frank R. Cruz,
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact Us:

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz,
Telephone: 310-914-5007
Email: [email protected]
Visit our website at: www.frankcruzlaw.com

SOURCE The Law Offices of Frank R. Cruz, Los Angeles
2026-07-16 20:48 28d ago
2026-07-16 14:30 29d ago
Mondelez Is 17% Below Its 52-Week High. Here's Why Income Investors Should Buy the Dip.
MDLZ Mondelez
FMP Stock News
Original source text
Corrections, or declines of 10% to 20% from recent highs, are normal and can occur for a variety of reasons. To the latter point, investors considering individual stocks need to assess why a particular name is in the correction "penalty box."

Inevitably, some corrections signal more bearishness to come, but there are examples of stocks pulling back from their 52-week highs, offering investors potentially compelling opportunities to get involved. Snack giant Mondelez (MDLZ +4.60%) is in the latter category.

Shares of the Ritz maker, which yield 3.3%, reside 17.4% below the 52-week high as of Tuesday, July 14. That's close to a bear market (a decline of 20% or more), but there are reasons to believe this consumer staples stock can get its groove back.

Mondelez is a dividend stock to consider buying on the dip. Image source: Getty Images.

The Fed and a cocoa conundrum If there's a bright side to the pullback experienced by Mondelez stock since notching its 52-week high, it's that the culprits are easy to understand. The big offenders are the Federal Reserve and high cocoa prices. Mondelez isn't a dedicated chocolate company, but it makes Cadbury chocolate products and Oreos, making it a major cocoa buyer.

Unfortunately, the price of that commodity is soaring, and when that happens, Mondelez passes its higher input costs on to already inflation-wary consumers. Inflation is involved in how the Fed affects high-dividend stocks like Mondelez. Rate hikes are the "blunt instruments" typically deployed by central banks to dampen high consumer and producer prices.

Often, that's problematic for high-dividend stocks. Higher interest rates usually push Treasury yields higher, prompting many income investors to favor lower-risk U.S. government debt over dividend stocks.

The June reading of the Consumer Price Index (CPI) released Tuesday fell 0.4%, the largest monthly drop since April 2020. There's still work to be done on the inflation front, but in what could be good news for Mondelez, Fed funds futures show a high probability the central bank will stand pat at its meeting later this month. Standing pat is better than a rate hike.

Today's Change

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Here's something else that shouldn't be overlooked regarding Mondelez: Although the stock trades well below its 52-week high, it's up year to date. Actually, it's outperforming the S&P 500 and the broader consumer staples sector, indicating that even with the cocoa and Fed headwinds, the stock has been surprisingly durable.

A healthy, tasty dividend Yes, high bond yields can be a drag on select dividend stocks, particularly those from defensive sectors, which Mondelez certainly is. However, there's something for long-term equity income investors to consider with this stock.

Not only has Mondelez boosted its payout for 14 consecutive years, but some experts see the dividend rising in the high single digits annually through 2035. It's an attainable target, particularly since the company has no debt coming due for another five years.

For the sake of argument, let's say "high-single-digit" payout growth equals 7% and core inflation remains stuck at 2.6%, as was the case last month. There are no guarantees that those scenarios will play out in unison, but the point is that Mondelez has the potential to deliver inflation-thumping dividend growth over the long term.
2026-07-16 20:48 28d ago
2026-07-16 14:54 29d ago
ZIM Integrated: Every Liner Is Raising Guidance, This One Likely Won't Be Different
ZIM ZIM
FMP Stock News
Original source text
ZIM Integrated Shipping remains a compelling buy despite market fears over the Hapag-Lloyd acquisition being blocked. ZIM's strong financials—$2.6B cash, no traditional debt, and below-market charter rates—support resilience and future shareholder returns. Even without a deal, ZIM is positioned for substantial 2026 profits and potential $3.5/share dividends, with new suitors likely if the current offer fails.
2026-07-16 20:47 28d ago
2026-07-16 16:01 29d ago
Everyone's Buying NVIDIA, but 2 Smaller AI Stocks Could Soar Higher
WDC Western Digital
FMP Stock News
Original source text
Key Takeaways Western Digital expects stronger Q4 FY2026 revenues and higher margins on robust AI storage demand. Seagate projects higher Q4 FY2026 revenues, backed by growing data-center storage demand and cash flow.Western Digital and Seagate project strong earnings growth as AI storage demand remains robust. The boom in artificial intelligence (AI) has led to persistent demand for NVIDIA Corporation’s (NVDA - Free Report) state-of-the-art AI hardware, including graphics processing units and Blackwell chips. That demand propelled NVIDIA to become the world’s most valuable company, with a market capitalization of over $4 trillion, and its stock has delivered strong returns over the past few years.  

However, NVIDIA’s growth has led to the company trading at a premium in comparison to most of the other semiconductor players, leaving little room for disappointment if growth derails. A slowdown in AI infrastructure spending by hyperscale cloud providers could impact NVIDIA’s revenue and earnings growth, while competition from rivals like Advanced Micro Devices, Inc. (AMD - Free Report) continues to increase.  

At the same time, U.S. export curbs on cutting-edge AI chips to China have constrained NVIDIA’s entry to a key market, potentially pressuring its margins. Additionally, NVIDIA remains exposed to supply-chain disruptions due to its dependency on Taiwan Semiconductor Manufacturing Company Limited (TSM - Free Report) for advanced chip production amid ongoing geopolitical tensions. 

Given these challenges, it’s becoming increasingly difficult for NVIDIA to meet sky-high expectations. Thus, investors seeking AI exposure should look for much smaller companies with greater room for expansion. Notable among them are Western Digital Corporation (WDC - Free Report) and Seagate Technology Holdings plc (STX - Free Report) , whose shares have soared 662.8% and 464.5%, respectively, over the past year, outpacing NVIDIA’s gain of 22.6%. 

Both Western Digital and Seagate stand to gain from the rapid growth in AI-driven demand for data storage. Let’s take a closer look at the key catalysts that could drive further upside in these AI stocks –  

Western Digital’s AI Storage Boom Could Drive Further Upside Rising demand for high-value enterprise hard disk drives and a favorable pricing environment have created a solid growth runway for Western Digital. The company’s revenues totaled $3.34 billion in the fiscal third quarter of 2026, up 45% year over year, according to the company’s press release.

Furthermore, the company expects revenues for the fiscal fourth quarter of 2026 to be about $3.65 billion, plus or minus $100 million. The upbeat guidance reflects robust demand for AI infrastructure, with cloud providers and enterprise customers continuing to invest in high-capacity storage to meet increasing AI workloads. 

In the fiscal third quarter, Western Digital’s non-GAAP gross margin rose to 50.5% from 40.1% in the prior-year period. The company projects further margin expansion, with fiscal fourth-quarter non-GAAP gross margin expected to reach 51-52%. The improving gross margin is providing Western Digital with greater financial flexibility to invest in research and development, enhance earnings growth and create long-term value for shareholders. 

As a result, the company’s expected earnings growth rate for the current year is 104.1%. The Zacks Consensus Estimate of $10.06 for WDC’s earnings per share (EPS) is up 54.8% year over year.

 

Image Source: Zacks Investment Research

Seagate’s AI Infrastructure Play Gains Momentum Amid Rising Demand Seagate is well-positioned to sustain its growth momentum, banking on rising data-center storage demand, expanding margins, and robust cash flows. These favorable trends could provide the required upside for Seagate’s shares, strengthening its position as a potential beneficiary of the AI infrastructure boom. 

For the fiscal fourth quarter of 2026, Seagate expects revenues of around $3.45 billion, plus or minus $100 million, more than the $3.11 billion reported in the fiscal third quarter of 2026, according to investors.seagate.com.   

Moreover, a non-GAAP gross margin of 47% in the fiscal third quarter reflected improved operational execution and enhanced profitability. Additionally, the company’s free cash flow of $953 million in the fiscal third quarter showcased the strength in its core business.  

Supported by these trends, Seagate’s expected earnings growth rate for the current year stands at 84.3%, while the Zacks Consensus Estimate of $14.93 for STX’s EPS represents a 47.5% increase from the prior-year period.

 

Image Source: Zacks Investment Research

Both Western Digital and Seagate currently have a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.
2026-07-16 20:41 28d ago
2026-07-16 14:39 29d ago
Rocket Lab stock price crash is gaining steam: how low can it go?
RKLB Rocket Lab USA
FMP Stock News
Original source text
Rocket Lab’s stock price plunged more than 12% on July 16, hitting its lowest level since April 13. The decline has pushed the shares down 55% from their peak this year, wiping out nearly half of the company’s market value as its valuation fell from $86 billion to around $40 billion. 

Despite the sharp sell-off, most analysts covering the company remain bullish, with many expecting the stock to recover as growth catalysts emerge.

RKLB stock has plunged in the past few weeks, mirroring the performance of most companies in the space industry. SpaceX, the biggest firm in the world, dropped to its IPO price this week, wiping out over $1 trillion in value.

Planet Labs has plunged to $22, down from the year-to-date high of $51, while Virgin Galactic has dived from $9 in June to $2.60 today. The popular Procure Space ETF (UFO) dived to $43 from the year-to-date high of $68.

These losses are happening as investors book profits following the strong gains they experienced before SpaceX went public. At its peak this year, UFO ETF was up by 360% from its lowest level in 2024. 

Therefore, investors are simply selling the SpaceX IPO news, which has been made worse by its performance.

Still, despite this retreat, analysts are bullish on the company, pointing to its strong performance and its growing market share in the space industry. Morgan Stanley reiterated its overweight rating, while Citigroup reiterated its outperform position. 

Bank of America, on the other hand, boosted the target from $105 to $110, while Citizens and Roth have a target of $130. All these targets are significantly higher than where it is today.

READ MORE: Rocket Lab stock jumps as KeyBanc upgrade revives space sector

RKLB stock has some potential catalysts in the coming months. First, its revenue growth continues this year. It made $200.3 million last quarter, up by 63% from the same period last year. Its backlog jumped by 20% to $2.2 billion, with its Electron, HASTE, and Neutron orders continuing to grow. It achieved five dedicated Neutron flights during the quarter.

The company also recently announced that it would spend $8 billion acquiring Iridium. It hopes that it will make it a vertically integrated company, with Rocket Lab designing satellites, manufacturing spacecraft components, and launching rockets. 

Iridium, on the other hand, owns a global satellite communications network. As such, it hopes that this model will help it compete further with SpaceX’s Starlink project. Additionally, Iridium will bring recurring and high-margin revenue and its globally coordinated L-band spectrum. 

Analysts suspect that the company’s business to continue growing this year. The average estimate is that its revenue will jump by 52% to $919 million, with the figure reaching $1.28 billion next year.

Rocket Lab stock chart | Source: TradingView

The weekly chart shows that the RKLB stock has plunged in the past few weeks, moving from a record high of $151 to the current $67. It has just crashed below the 50% Fibonacci Retracement level, and is slowly approaching the 61.8% retracement point, where rebounds normally happens.

The stock has just dropped below 50-week moving average, while the Relative Strength Index has moved below the neutral level of 50. Therefore, the stock will likely drop further, potentially to $60 or $50, and then bounce back, potentially when it releases its financial results.
2026-07-16 20:41 28d ago
2026-07-16 15:01 29d ago
Why Rocket Lab Stock Is Losing Altitude Today
RKLB Rocket Lab USA
FMP Stock News
Original source text
Rocket Lab (RKLB 11.62%) may excel at soaring into the final frontier, but gravity is weighing pretty heavily on shares today. An analyst initiated coverage on the launch services stock with an unenthusiastic outlook, and investors are choosing to click the sell button as a result.

As of 2:14 p.m. ET, shares of Rocket Lab are down 12.1%.

Image source: Getty Images.

One analyst thinks shares are pricey Assigning a neutral rating, Piper Sandler analyst Alexander Potter initiated coverage on Rocket Lab stock this morning and set an $83 price target. Based on shares of Rocket Lab closing at $76.20 yesterday, Potter's price target implies upside of 8.9%.

Today's Change

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According to Thefly.com, Piper Sandler sees Rocket Lab trading at a premium to SpaceX and expects its stock to trade at a similar valuation over the next year. Furthermore, with respect to space stocks, the firm has taken a more bullish view on AST SpaceMobile, initiating coverage after the market closed yesterday with a $100 price target -- representing upside of about 51% from yesterday's closing price of $66.31.

Are investors better off choosing not to lift off with a Rocket Lab investment now? While today's drop in Rocket Lab stock may be disappointing, current investors shouldn't feel compelled to exit their positions based on Piper Sandler's lackluster outlook. It's important to remember that this is merely one firm's opinion, and others see things differently, believing Rocket Lab stock will rise considerably higher through 2026 and beyond.

Of course, analysts' perspectives are one thing, but the most important thing for investors to bear in mind is that it's encumbent on them to exercise their due diligence to see if a Rocket Lab investment is right for them.

Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AST SpaceMobile and Rocket Lab. The Motley Fool has a disclosure policy.
2026-07-16 20:37 28d ago
2026-07-16 16:30 29d ago
ARRAY Technologies to Acquire Affordable Wire Management (AWM), Creating New Growth Platform in Balance-of-System Solutions
ARRY Array Technologies
FMP Stock News
Original source text
Strategic acquisition adds high-margin cable management products and extends ARRAY’s reach across utility-scale solar, distributed generation, BESS, and datacenter applications July 16, 2026 16:30 ET  | Source: Array Technologies, Inc.

Adds a highly complementary, accretive balance-of-system product portfolio spanning solar wire management, cable protection solutions, and battery energy storage solutions (BESS)Creates new growth opportunities in fast-growing adjacencies including BESS and datacenter infrastructureTotal Consideration of approximately $203 million represents an attractive multiple of 8.8x AWM's trailing twelve-month EBITDAExpected to be high single digit accretive to ARRAY's Adjusted EPS in year one before synergiesClosing expected in the third quarter of 2026, subject to regulatory clearance and customary closing conditions ALBUQUERQUE, N.M., July 16, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading global provider of solar tracking technology and fixed-tilt products, foundation solutions, software systems and services, today announced it has entered into a definitive agreement to acquire Affordable Wire Management, LLC ("AWM"), a leading provider of wire management, cable protection, and balance-of-system solutions for utility-scale solar and energy storage projects. The acquisition further expands ARRAY’s portfolio of solutions for utility-scale solar customers while creating new growth opportunities in battery energy storage and datacenter markets.

AWM’s products organize, secure, and protect electrical wiring to improve system reliability, safety, installation efficiency, and long-term performance. The company has developed proprietary designs that offer greater durability, enhanced thermal management, and lower resistive losses than conventional solutions. With nearly $60 million trailing twelve months revenue, AWM has built a track record of profitable growth, based on a capital-light operating model and a culture of innovation. The acquisition of AWM is expected to be high single digit accretive to ARRAY’s Adjusted EPS in year one before synergies.

"The acquisition of AWM will further broaden our balance-of-system portfolio and deepen our relevance to our customers as well as create new growth vectors for us in the BESS and datacenter markets," said Kevin G. Hostetler, Chief Executive Officer of ARRAY. “AWM brings a proven, innovative product line and a strong reputation for quality and customer service. Together, we will be able to offer a more complete, integrated solution to our customers across the solar, battery storage, and datacenter markets."

"Becoming part of ARRAY is a tremendous opportunity for our team and our customers," said Scott Rand, Chief Executive Officer and Co-Founder of AWM. "ARRAY’s scale, customer relationships, and global reach will make this the ideal home for our team and our products. We share a culture of innovation and a relentless focus on the customer, and that alignment will unlock real value for customers across solar, storage, and beyond.”

“Differentiating through engineering has always been at the core of how we design our products,” said Dan Smith, Chief Technology Officer and Co-Founder of AWM. “By bringing our wire management and balance-of-system products together with ARRAY’s tracking, fixed-tilt, and foundation platform, we can deliver various integrated solutions engineered to work together – simplifying design, improving installation, and reducing costs for our customers."

Following the closing of the acquisition, AWM’s financial results will be included in the ARRAY Legacy segment. AWM's senior management team is expected to remain with the business following the closing.

Transaction Terms

The total consideration of AWM is $203 million, together representing a multiple of approximately 8.8x AWM’s trailing twelve-month EBITDA. The total consideration consists of a base purchase price of AWM of $153 million and total additional consideration of up to $50 million. The final amount of upfront cash consideration will be determined at closing subject to customary purchase price adjustments. The additional consideration of up to $50 million is comprised of $10 million payable in two equal installments on the first and second anniversary of the closing, each conditioned on the continued employment of the sellers and a performance based earnout of up to $40 million payable in three installments of up to $8 million based on 2026 performance and up to $16 million for each 2027 and 2028 performance years based on AWM’s achievement of certain EBITDA targets during the applicable period. Both components of the earnout may be paid in cash or ARRAY common stock at ARRAY’s option.

Transaction Approvals and Closing Conditions

The transaction is expected to close in the third quarter of 2026, subject to receiving any required regulatory approvals and the satisfaction of other customary closing conditions. Jefferies LLC acted as exclusive financial advisor and Jones Day acted as legal advisor to ARRAY. Edelman Smithfield acted as strategic communications advisor to ARRAY. First Liberties Financial acted as exclusive financial advisor and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. acted as legal advisor to AWM.

Additional information regarding the transaction will be included in a Current Report on Form 8-K to be filed by ARRAY with the U.S. Securities and Exchange Commission (the "SEC").

Transaction Conference Call

ARRAY will conduct a conference call today at 6:00 p.m. EDT to discuss the transaction. A live webcast will be available on the investor relations section of ARRAY's website at ir.arraytechinc.com. A replay will be available following the conclusion of the event.

Additional Resources

Associated presentation materials regarding the transaction are available on the investor relations section of ARRAY’s website.

About Affordable Wire Management, LLC

Affordable Wire Management, LLC is a provider of wire management, cable protection, and balance-of-system solutions for the solar and energy storage industries, serving utility-scale and distributed generation customers across North America and select international markets.

About ARRAY Technologies, Inc.

ARRAY Technologies (NASDAQ: ARRY) is a leading global provider of solar tracking technology and fixed-tilt systems to utility-scale and distributed generation customers, who construct, develop, and operate solar PV sites. With solutions engineered to withstand the harshest weather conditions, ARRAY’s high-quality solar trackers, fixed-tilt systems, software platforms, foundation solutions, and field services combine to optimize energy production and deliver value to our customers for the entire lifecycle of a project. Founded and headquartered in the United States, ARRAY is rooted in manufacturing and driven by technology - relying on its domestic manufacturing, diversified global supply chain, and customer-centric approach to design, deliver, commission, train, and support solar energy deployment around the world. For more news and information on ARRAY, please visit arraytechinc.com.

Investor Relations Contact:

Investor Relations
505-437-0010
[email protected]

Media Contact:

Steven Kirsch

505-738-6923
[email protected]

Forward-Looking Statements

This press release contains forward-looking statements that are based on our management's beliefs and assumptions and on information currently available to our management. Forward-looking statements include statements that are not historical facts and can be identified by terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "seek," "should," "will," "would," or similar expressions and the negatives of those terms. These include statements regarding the proposed acquisition of AWM, including the anticipated benefits and synergies, the anticipated impact on the Company's business and future financial and operating results, the expected timing and closing of the transaction, including the expected closing date of the transaction and the timing of expected synergies and returns from the transaction, the expectation that AWM’s senior management will remain with the business following the closing of the transaction, and the Company's future financial position, business strategy, revenues, earnings, free cash flow, costs, capital expenditures and debt levels of the combined company and plans and objectives of management for future operations. Our actual results and the timing of events could materially differ from those anticipated in such forward-looking statements as a result of risks and uncertainties, including without limitation: the ability to complete the transaction on anticipated terms and timetable; the Company's ability to integrate AWM's operations successfully and in the expected time period; the Company’s ability to achieve the strategic and other objectives relating to the transaction; the possibility that closing conditions may not be satisfied or waived; risks relating to any unforeseen liabilities of AWM; changes in growth or the rate of growth in demand for solar energy projects; factors outside of our control affecting the variability and demand for solar energy, including but not limited to, the retail price of electricity, availability of in-demand components like high-voltage breakers, various policies related to the permitting and interconnection costs of solar plants, and the availability of incentives for solar energy and solar energy production systems, which makes it difficult to predict our future prospects; competitive pressures within our industry, competition from conventional and renewable energy sources; a loss of one or more of our significant customers, their inability to perform under their contracts, or their default in payment; a drop in the price of electricity derived from the utility grid or from alternative energy sources; fluctuations in our results of operations across fiscal periods, which could make our future performance difficult to predict and could cause our results of operations for a particular period to fall below expectations; any increase in interest rates, or a reduction in the availability of tax equity or project debt capital in the global financial markets, which could make it difficult for customers to finance the cost of a solar energy system and reduce the demand for our products; existing electric utility industry policies and regulations, and any subsequent changes or new related policies and regulations, including as a result of the One Big Beautiful Bill Act, which may present technical, regulatory and economic barriers to the purchase and use of solar energy systems and may significantly reduce demand for our products or harm our ability to compete; the interruption of the flow of materials from international vendors, which could disrupt our supply chain, including as a result of the imposition of new and/or additional duties, tariffs and other charges or restrictions on imports and exports; changes in the global trade environment, including the continuation or imposition of import tariffs or other import restrictions; geopolitical, macroeconomic and other market conditions unrelated to our operating performance including but not limited to a pandemic, the Ukraine-Russia war, attacks on shipping in the Red Sea and Straight of Hormoz, conflict in the Middle East, changing trade policies, and inflation and interest rates; our ability to convert our orders in backlog into revenue; the reduction, elimination or expiration, or our failure to optimize the benefits of government incentives for, or regulations mandating the use of, renewable energy and solar energy, particularly in relation to our competitors, which could reduce demand for solar energy systems; failure to, or incurrence of significant costs in order to, obtain, maintain, protect, defend or enforce, our intellectual property and other proprietary rights; delays in construction projects and any failure to manage our inventory; significant changes in the cost of raw materials; disruptions to transportation and logistics, including increases in shipping costs; defects or performance problems in our products, which could result in loss of customers, reputational damage and decreased revenue; delays, disruptions or quality control problems in our product development operations; our ability to retain our key personnel or failure to attract additional qualified personnel; additional business, financial, regulatory and competitive risks due to our continued planned expansion into new markets; cybersecurity or other data incidents, including unauthorized disclosure of personal or sensitive data or theft of confidential information and the use of artificial intelligence by cyber threat actors; a failure to maintain an effective system of integrated internal controls over financial reporting, which may impair our ability to report our financial results accurately; our substantial indebtedness, risks related to actual or threatened public health epidemics, pandemics, outbreaks or crises; changes to laws and regulations, including changes to tax laws and regulations, that are applied adversely to us or our customers; our ability to successfully integrate APA Solar, LLC into our existing operations and realize the anticipated benefits or synergies of the acquisition; and other factors listed and described in more detail in the section captioned “Risk Factors” in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, and our other documents on file with the U.S. Securities and Exchange Commission, each of which can be found on our website, www.arraytechinc.com.

Given these uncertainties, you should not place undue reliance on forward-looking statements. Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date of this presentation. You should read this press release with the understanding that our actual future results may be materially different from what we expect. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Non-GAAP Financial Information

This press release references certain financial measures that are not presented in accordance with U.S. generally accepted accounting principles (“GAAP”), including AWM's trailing twelve-month EBITDA. "AWM's trailing twelve-month EBITDA" means net income plus interest expense, income tax expense (benefit), depreciation, and amortization during the twelve-month period ended May 31, 2026. This presentation also refers to ARRAY's Adjusted EPS. We define Adjusted net (loss) income as net (loss) income to common stockholders plus (i) amortization of intangibles, (ii) amortization of developed technology and backlog, (iii) amortization of debt discount and issuance costs, (iv) Series A preferred stock accretion, (v) equity-based compensation, (vi) change in fair value of contingent consideration, (vii) certain legal expenses, (viii) acquisition-related expenses, and (ix) income tax expense adjustments. We define Adjusted net (loss) income per common share as Adjusted net (loss) income divided by the basic and diluted weighted average number of shares outstanding for the applicable period.
2026-07-16 20:37 28d ago
2026-07-16 13:47 29d ago
The Portfolio That Pays All Your Car Repairs For Life
ADC Agree Realty Corp
FMP Stock News
Original source text
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Few things ruin a Saturday morning faster than the words “your timing chain is going.” Car repair bills arrive unannounced, cost more than expected, and have a way of landing the same week as property taxes or insurance renewals. The fix is a small, dedicated slice of capital whose only job is to absorb those bills without forcing a portfolio sale.

The Number You Are Trying to Replace AAA’s 2025 Your Driving Costs study pegs routine maintenance at $792 per year, or $66 per month, for a typical new vehicle. Older cars can cost considerably more once tires, brakes, batteries, and check-engine repairs enter the cycle. For this exercise, $1,500 a year is a reasonable planning target, but the right number should come from your own repair history. And if you’re driving a rusted-out 2005 Lincoln Grand Marquis with 281,000 miles on it, triple that budget… and start a car replacement fund immediately.

Inflation matters. CPI-U rose from 321.465 in June 2025 to 335.123 in May 2026, and motor vehicle maintenance and repair costs were up 6.1% over the year. A static $1,500 income stream loses ground when repair labor and parts keep getting more expensive. The portfolio has to grow.

Tier One: The Sleep-Well Build (3% to 4% Yield) At a 3.5% blended yield, $1,500 divided by 0.035 equals roughly $42,857 of capital. This tier is dividend-growth territory: broad consumer staples, healthcare giants, regulated utilities.

Johnson & Johnson (NYSE:JNJ | JNJ Price Prediction) yields 2.1% today but has raised its payout for 64 consecutive years, most recently to $1.34 a quarter. Procter & Gamble (NYSE:PG) yields 2.9% and just hiked its quarterly dividend to $1.0885, extending a streak back seven decades. NextEra Energy yields 2.7% but has compounded its dividend at roughly 10% a year since 2022.

Individual yields sit below 3%, so a real Tier One portfolio blends these names with higher-payout dividend-aristocrat funds to land in the 3% to 4% range. You tie up more capital upfront, but income tends to outpace inflation and shares appreciate.

Tier Two: The REIT-Heavy Middle (5% to 7% Yield) At 6%, the math drops to $25,000. Net-lease and industrial REITs anchor this range alongside preferred shares and high-dividend equity funds.

Realty Income (NYSE:O) yields 5.2%, pays monthly, and has now declared 670 consecutive monthly dividends. Agree Realty (NYSE:ADC) yields 4.1% after raising its monthly payout to $0.267 earlier this year. STAG Industrial yields 3.9% and leases warehouses to single tenants across the country.

Combine a net-lease REIT, an industrial REIT, and a preferred-share ETF and a 6% blended yield is realistic. REIT dividends grow more slowly than a consumer staple’s, and rate volatility can erode principal. The 10-year Treasury at 4.4% sets the bar these names must clear.

Tier Three: The Capital-Light Stretch (8% to 12% Yield) At 11%, you need only about $13,636 to cover $1,500 of repairs. That is genuinely small money, which is why the temptation is real.

This tier lives in business development companies, mortgage REITs, leveraged covered-call ETFs, and high-yield bond funds. The catch is principal erosion. Many high-yield vehicles distribute capital as well as income, so share price drifts lower while the payout stays flat or gets cut. You are spending the asset itself while the payout stays flat.

The Trap Hidden in the Highest Yield The aggressive tier looks cheapest until you account for time. P&G now pays $1.0885 a quarter, up from $0.285 in 1999. NextEra raised its quarterly dividend to $0.6232 in 2026, consistent with its plan for about 10% annual dividend growth through 2026 off a 2024 base. A 3.5% yield that compounds 8% annually doubles its income in about nine years. An 11% yield that never grows stays at $1,500 while repair costs keep climbing.

For a recurring, inflation-linked expense like car repairs, the lower-yield tier can win over a 20-year horizon if the dividends keep growing and the principal compounds. It demands more starting capital, but it also gives the income stream a better chance to keep pace with rising repair costs.

Size the Portfolio Before the Next Breakdown Pull three years of your own repair receipts and set a real target. Drivers of older, luxury, or high-mileage vehicles may need more than $1,500 a year, while owners of newer, simpler, or highly reliable cars may need less. Compare the total return of a dividend-growth fund against a high-yield covered-call fund using the same starting dollar and the same time period. Include reinvested dividends, taxes, and any change in principal. The compounding gap is the core argument for Tier One.

Hold the repair portfolio in the right account for the income it produces. Qualified dividends from many dividend-growth stocks may receive lower federal tax rates when IRS holding-period rules are met. REIT and BDC distributions are often largely ordinary income, though the final tax character can vary by year. That difference can raise the effective capital you need in a taxable account. The goal is to make sure that in 2046, when a transmission goes, the money is already there and the principal is still working. A repair fund is not just a pile of cash waiting for bad news. Built carefully, it is a small income engine that turns one of the most annoying household expenses into a bill the portfolio is already prepared to pay.

Contact [email protected] for any questions or corrections.
2026-07-16 20:36 28d ago
2026-07-16 15:05 29d ago
2 Stocks On My Buy List: Northrop Grumman And CCL Industries
NOC Northrop Grumman
FMP Stock News
Original source text
Northrop Grumman trades around 16 to 17 times earnings against a 5-year average near 19. CCL stock trades near 17 to 18 times forward earnings against a 5-year average close to 19, so you are paying near fair value, not grabbing a deep discount. Northrop is a beaten-down leader. The price fell hard, the multiple compressed below its history, and the payoff depends on management delivering on the B-21. More reward if they do, more risk if they stumble.
2026-07-16 20:36 28d ago
2026-07-16 16:05 29d ago
iRhythm Holdings to Report Second Quarter 2026 Financial Results on August 6, 2026
IRTC iRhythm Technologies
FMP Stock News
Original source text
July 16, 2026 16:05 ET  | Source: iRhythm

SAN FRANCISCO, July 16, 2026 (GLOBE NEWSWIRE) -- iRhythm Holdings, Inc. (NASDAQ: IRTC), a leading digital health care company focused on creating trusted solutions that detect, predict, and prevent disease, today announced that it will release financial results for the second quarter 2026 after the close of trading on Thursday, August 6, 2026. The company’s management team will host a corresponding conference call beginning at 1:30 p.m. PT / 4:30 p.m. ET.

Interested parties may access a live and archived webcast of the conference call on the “Quarterly Results” section of the company’s investor website at investors.irhythmtech.com.

About iRhythm Holdings, Inc.
iRhythm is a leading digital health care company that creates trusted solutions that detect, predict, and prevent disease. Combining wearable biosensors and cloud-based data analytics with powerful proprietary algorithms, iRhythm distills data from millions of heartbeats into clinically actionable information. Through a relentless focus on patient care, iRhythm’s vision is to deliver better data, better insights, and better health for all.

Investor Contact
[email protected]

Media Contact
Kassandra Perry
[email protected]
2026-07-16 20:34 28d ago
2026-07-16 16:00 29d ago
Watsco Schedules Second Quarter Conference Call on Wednesday, July 29, 2026 at 10:00 a.m. (EDT)
WSO Watsco
FMP Stock News
Original source text
MIAMI, July 16, 2026 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it has scheduled a conference call to discuss its 2026 second quarter results on Wednesday, July 29, 2026 at 10:00 a.m. (EDT). Prepared remarks regarding the results will be followed by a question-and-answer session with the senior management team.

The conference call will be webcast by CCBN's StreetEvents and can be found under the link highlighted on our website at www.watsco.com. The earnings results will be released before the market opens on July 29, 2026. A replay of the conference call will be available on our website.

Investors and analysts are encouraged to pre-register for the conference call by using the link below. Participants who pre-register will be given a unique PIN to gain immediate access to the call. Pre-registration may be completed at any time up to the call start time.

To pre-register, go to: https://dpregister.com/sreg/10210662/1047dd5bd98

Participants that would like to join, but have not pre-registered, can do so by dialing (844) 883-3908 within the United States or (412) 317-9254 internationally and asking for the “Watsco” call. Please call five to ten minutes prior to the scheduled start time as the number of telephone connections is limited.

Watsco is the largest distributor in the highly fragmented North American HVAC/R market. Watsco’s solid financial position and culture of innovation has enabled investments in long-term growth, including the Company’s industry-leading technology platforms. Today, approximately 74,000 contractors, installers and technicians engage digitally with the Company, resulting in improved growth and lower attrition. The Company is now advancing AI-driven initiatives to leverage its extensive data assets to enhance the customer experience and improve efficiencies. These investments position Watsco to capture market share as contractors increasingly adopt digital tools and incorporate data-driven solutions in their businesses.

Barry S. Logan
Executive Vice President
(305) 714-4102
e-mail: [email protected] 
www.watsco.com
2026-07-16 20:33 28d ago
2026-07-16 14:31 29d ago
W.R. Berkley to Report Q2 Earnings: What's in Store for the Stock?
WRB WR Berkley
FMP Stock News
Original source text
Key Takeaways W.R. Berkley is expected to report Q2 revenue growth of 1.7% and EPS growth of 3.8%.Premium growth and higher investment income may offset higher catastrophe losses.WRB's disciplined underwriting, expense control and share buybacks are expected to aid profitability. W.R. Berkley Corporation (WRB - Free Report) is expected to register an improvement in both top and bottom lines when it reports second-quarter 2026 results on July 20, after market close.

The Zacks Consensus Estimate for WRB’s second-quarter revenues is pegged at $3.7 billion, indicating 1.7% growth from the year-ago reported figure.

The consensus estimate for earnings is pegged at $1.09 per share. The Zacks Consensus Estimate for WRB’s second-quarter earnings has remained unchanged over the past 30 days. The estimate suggests a year-over-year increase of 3.8%.

What the Zacks Model Unveils About WRBOur proven model predict an earnings beat for W.R. Berkley this time around. A stock needs to have the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold). This is not the case, as you can see below:

Earnings ESP: W.R. Berkley has an Earnings ESP of +1.84%. This is because the Most Accurate Estimate of $1.11 is pegged higher than the Zacks Consensus Estimate of $1.09. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

W.R. Berkley Corporation Price and EPS Surprise

W.R. Berkley Corporation price-eps-surprise | W.R. Berkley Corporation Quote

Zacks Rank: W.R. Berkley currently has a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank stocks here.

Factors Likely to Shape Q2 Results of WRBGross premiums written in the Insurance segment are likely to have been supported by healthy momentum in other liability, short-tail lines, professional liability, workers' compensation and commercial auto. We expect the metric to be $3.6 billion, indicating an increase of 1.8% from the year-ago reported number.

The Reinsurance & Monoline Excess segment's gross premiums written are expected to have improved modestly, supported by selective underwriting, although increased competition in the property reinsurance market is likely to have tempered growth. We expect the metric to be $375 million, suggesting an improvement of 1.1% from the year-ago reported number.  

The Zacks Consensus Estimate for second-quarter 2026 premiums earned is pegged at $3.16 billion, indicating an increase of 1.9% from the year-ago reported quarter. Our estimate for the metric is pegged at $3.12 billion, indicating a 0.7% upside from the year-ago reported number.

The increase in income from fixed-maturity securities, investment funds, arbitrage trading accounts, real estate and equity securities is likely to have aided net investment income. Strong operating cash flows and higher reinvestment yields are expected to have further supported investment income growth. The Zacks Consensus Estimate for second-quarter 2026 net investment income is pegged at $395 million, indicating an increase of 4.3% from the year-ago reported quarter.Our estimate for the metric is pegged at $407 million, indicating a 7.3% upside from the year-ago reported number.

Higher losses and loss expenses, other operating costs and expenses, and expenses from non-insurance businesses are likely to increase costs. We expect total expenses to increased 1.7% to $3.2 billion.

Higher net premiums earned and continued expense discipline are expected to have supported the expense ratio, which management expects to remain comfortably below 30% in 2026. We estimate the metric to be 28.30 in the to-be-reported quarter.

The combined ratio is expected to have remained favorable, supported by disciplined underwriting and healthy pricing in casualty lines. However, the second quarter likely experienced elevated severe convective storm , which is likely to have increased catastrophe losses, partially offsetting these benefits. The Zacks Consensus Estimate is pinned at 92, while our estimate for the combined ratio is pegged at 93.39.

Continued share buybacks are likely to have provided additional support to the bottom line.

Stocks to ConsiderHere are three P&C insurance stocks you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat:

Cincinnati Financial Corporation (CINF - Free Report) has an Earnings ESP of +8.84% and a Zacks Rank #2 at present. The Zacks Consensus Estimate for second-quarter 2026 earnings is pegged at $1.77, indicating a year-over-year decrease of 10.1%.

CINF’s earnings beat estimates in each of the last four reported quarters.

Chubb Limited (CB - Free Report) has an Earnings ESP of +1.09% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2026 earnings is pegged at $6.60, indicating a year-over-year increase of 7.4%.

CB’s earnings beat estimates in each of the last four reported quarters.

The Allstate Corporation (ALL - Free Report) has an Earnings ESP of +23.32% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2026 earnings is pegged at $4.92, indicating a year-over-year decrease of 17.1%.

ALL’s earnings beat estimates in each of the last four reported quarters.
2026-07-16 20:31 28d ago
2026-07-16 15:28 29d ago
Berkshire Hathaway Appears to Have Accelerated Stock Buybacks in Second Quarter
BRK-B Berkshire Hathaway (B)
FMP Stock News
Original source text
Barron's estimates that Berkshire bought back anywhere from $5 billion to $11 billion of stock in the second quarter.
2026-07-16 20:28 28d ago
2026-07-16 16:05 29d ago
Tripadvisor to Host Second Quarter 2026 Financial Results Conference Call on August 6, 2026
TRIP TripAdvisor
FMP Stock News
Original source text
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Tripadvisor, Inc. (NASDAQ: TRIP) announced today that at 7:05am ET on Thursday, August 6, 2026, the company will post its second quarter 2026 financial results on its investor relations website at ir.tripadvisor.com.

The same day, at 8:30am ET, the company will host a conference call to answer questions regarding its financial results.  The event will be webcast live and can be accessed at ir.tripadvisor.com.  A replay will be available on the website for three months.

About Tripadvisor, Inc.

The Tripadvisor Group connects people to experiences worth sharing, and aims to be the world's most trusted source for travel and experiences. We leverage our brands, technology, and capabilities to connect our global audience with partners through rich content, travel guidance, and two-sided marketplaces for experiences, restaurants, and other travel categories such as hotels. The subsidiaries of Tripadvisor, Inc. (Nasdaq: TRIP), include a portfolio of travel brands and businesses, including Tripadvisor, Viator, and TheFork.

TRIP-G

SOURCE Tripadvisor

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2026-07-16 20:28 28d ago
2026-07-16 15:20 29d ago
Snap-on Gears Up for Q2 Earnings: What Lies Ahead for the Stock?
SNA Snap-On
FMP Stock News
Original source text
Key Takeaways Snap-on is expected to post second-quarter revenue growth of 3.6% and EPS growth of 3.8%.SNA is benefiting from resilient automotive repair demand and strength in critical industries.SNA's franchise expansion, innovation and efficiency initiatives are likely aiding performance. Snap-on Incorporated (SNA - Free Report) is likely to witness top and bottom-line growth when it reports second-quarter 2026 earnings on July 23, before the opening bell. The Zacks Consensus Estimate for revenues is $1.2 billion, which indicates a rise of 3.6% from the year-ago quarter’s level.

The consensus estimate for quarterly earnings has been stable over the past 30 days at $4.90 per share and shows growth of 3.8% from the year-earlier quarter’s tally.

The company has a trailing four-quarter earnings surprise of 1.7%, on average. It delivered an earnings surprise of 0.2% in the last reported quarter.

Key Factors Likely to Influence SNA’s Q2 ResultsSnap-on’s quarterly performance is expected to have benefited from solid demand across its core automotive repair markets, driven by the aging global vehicle fleet and increasing vehicle complexity. Healthy technician activity levels and strong repair shop utilization are likely to have supported sales growth in the Tools and Repair Systems & Information (RS&I) segments. Improved activity with customers in critical industries and the specialty torque business is expected to have aided the Commercial & Industrial (C&I) segment's performance.

SNA's robust business model enhances value creation across safety, service quality, customer satisfaction and innovation. The company’s strategic growth agenda includes expanding its franchise network, deepening relationships with repair shop owners and increasing its presence in emerging markets. Its focus on Rapid Continuous Improvement, a process aimed at boosting efficiency, controlling costs and enhancing organizational performance, is encouraging. SNA’s innovation pipeline remains strong, with ongoing investments in product development and global brand expansion.

Snap-on has been expanding its reach into critical industries including aviation, natural resources and infrastructure, where demand for precision, reliability and customized solutions is high. Growth in such areas is being supported by tailored product offerings, specialty torque solutions and deeper customer engagement. By combining customer connection, innovation, technology investments and disciplined operational execution, Snap-on continues to advance along its runways for coherent growth, supported by resilient end markets and strategic investments, positioning it for sustained sales expansion, margin resilience and value creation. All such aforesaid factors are likely to bolster the quarterly results. Our model predicts net sales rise of 3.5%, 3% and 3% for C&I, Tools and RS&I segments, respectively, for the second quarter.

Despite such strengths, Snap-on faces several external challenges. Macroeconomic headwinds, geographic pressures in critical industries and geopolitical disruptions are likely to have weighed on the company’s performance. It battles persistent cost inflation from rising raw material and operational expenses, which poses a risk to profitability.

What the Zacks Model Predicts for SNAOur proven model doesn’t conclusively predict an earnings beat for Snap-on this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.

Snap-on has an Earnings ESP of 0.00% and a Zacks Rank of 3.

Valuation Picture of SNA StockSnap-on has a forward 12-month price-to-earnings ratio of 19.86x compared with its five-year high of 20.38x and the Tools - Handheld industry’s average of 19.65x.

The recent market movements show that SNA’s shares have gained 6.2% in the past three months compared with the industry's 5.3% growth.

Stocks Poised to Beat Earnings EstimatesHere are some companies, which according to our model, have the right combination of elements to post an earnings beat:

SharkNinja, Inc. (SN - Free Report) currently has an Earnings ESP of +1.29% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.

SN is likely to register bottom and top-line growth when it reports second-quarter 2026 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $1.6 billion, indicating a 13.5% increase from the figure reported in the year-ago quarter.

The consensus estimate for SN’s second-quarter earnings is pegged at $1.09 per share, implying 12.4% growth from the year-ago quarter’s actual. The consensus mark has dipped a penny in the past 30 days.

MGM Resorts International (MGM - Free Report) currently has an Earnings ESP of +0.08% and a Zacks Rank of 3. MGM is likely to register a top-line increase when it reports second-quarter 2026 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $4.5 billion, indicating a 1.5% rise from the figure reported in the year-ago quarter.

The consensus estimate for MGM Resorts’ second-quarter earnings is pegged at 60 cents a share, implying a 24.1% decrease from the year-earlier quarter. The consensus mark has been stable in the past 30 days.

Hasbro, Inc. (HAS - Free Report) currently has an Earnings ESP of +2.46% and a Zacks Rank of 3. HAS is likely to register top-line growth when it reports second-quarter 2026 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $1.1 billion, indicating 6.7% growth from the figure reported in the year-ago quarter.

The consensus estimate for HAS’ second-quarter earnings is pegged at $1.15 a share, implying an 11.5% decrease from the year-earlier quarter. The consensus mark has increased 1.8% in the past seven days.