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From May 28 to June 28, 2026, users who complete designated contract trading tasks will have the chance to unlock premium hospitality experiences for select group-stage, semi-final, and final matches, while also participating in a share of the $300,000 total prize pool. Rewards include USDT bonuses, travel subsidies, trial funds, BTC position-opening vouchers, and more.

VICTORIA, Seychelles, June 01, 2026 (GLOBE NEWSWIRE) -- As the global football fever of 2026 continues to build, global digital asset trading platform ZOOMEX has officially launched its  “Win a Trip to the World Cup!” campaign. Centered around a $300,000 total prize pool and premium World Cup hospitality experiences, the campaign invites users worldwide to take part in an annual celebration created for both traders and football fans.

During the campaign period, users who complete designated contract trading tasks will have the chance to participate in a share of the $300,000 total prize pool, while unlocking multiple rewards including USDT bonuses, trial funds, BTC position-opening vouchers, deduction vouchers, travel subsidies, and premium matchday travel support. Selected hospitality experiences will cover on-site experiences related to designated group-stage, semi-final, and final matches, including viewing seats, matchday hospitality, and travel support. Specific reward details, quotas, match arrangements, and distribution rules are subject to the official ZOOMEX campaign page.

The ZOOMEX World Cup trading campaign will run from May 28 to June 28, 2026, with a total prize pool of up to $300,000. During the campaign, users who complete designated contract trading volumes will have the chance to unlock major rewards, including World Cup group stage tickets, semi-final VIP tickets, and World Cup final VIP tickets. Users may also redeem high-value USDT cash rewards, travel subsidies, flight subsidies, and hotel subsidies in accordance with the official campaign rules.

During the campaign period, users who complete designated contract trading tasks will have the chance to participate in a share of the $300,000 total prize pool, while unlocking multiple rewards including USDT bonuses, trial funds, BTC position-opening vouchers, deduction vouchers, travel subsidies, and premium matchday travel support. Selected hospitality experiences will cover on-site experiences related to designated group-stage, semi-final, and final matches, including viewing seats, matchday hospitality, and travel support. Specific reward details, quotas, match arrangements, and distribution rules are subject to the official ZOOMEX campaign page.

The campaign will run from May 28 to June 28, 2026. As the core mechanism of the campaign, ZOOMEX combines the global excitement of football with platform trading tasks, offering users across different tiers a more engaging and rewarding participation experience. During the campaign, users who complete designated contract trading volumes will have the chance to unlock corresponding reward tiers, including premium hospitality experiences, USDT cash rewards, exclusive travel subsidies, flight and hotel subsidies, and other benefits.

According to the campaign rules, users who complete the required trading tasks may have the chance to receive premium hospitality experiences related to designated group-stage matches and redeem up to 1,500 USDT. Users who complete higher-tier trading tasks may unlock premium hospitality experiences related to semi-final matches, with the opportunity to redeem up to 5,000 USDT plus travel subsidies. Higher-tier rewards will also cover premium hospitality experiences related to the final match, with users able to redeem up to 8,000 USDT and receive exclusive flight and hotel subsidy support.

In addition to premium hospitality experiences, ZOOMEX has also prepared exclusive deposit benefits for new users. During the campaign period, new users who make their first deposit can participate in dedicated reward programs, with the chance to receive up to $200 in trial funds and a $300 BTC position-opening voucher. The higher the deposit amount, the more reward benefits users may unlock, providing stronger incentives for new users to explore the platform and experience contract trading.

At the same time, ZOOMEX has introduced multi-tier trading task rewards. Users who complete designated trading tasks during the campaign period will be eligible to participate in a share of the $300,000 total prize pool. Rewards include USDT airdrops, trial funds, BTC position-opening vouchers, deduction vouchers, and other benefits. All rewards are available in limited quantities and will be distributed on a first-come, first-served basis according to the campaign rules, further enhancing user participation and campaign momentum.

A ZOOMEX brand representative stated that global football events are not only a celebration for fans, but also an important opportunity for brands to build stronger emotional connections with users. Through this football trading carnival, ZOOMEX aims to combine trading tasks, premium hospitality experiences, and global sports excitement to deliver a more engaging and memorable platform campaign experience. ZOOMEX will continue to focus on user needs and launch more brand campaigns that combine entertainment, interactivity, and reward value, further improving the trading experience for users worldwide.

As the global football fever of 2026 continues to rise, the integration of sports marketing and digital asset trading experiences is becoming an important way for brands to expand visibility and strengthen user engagement. By using football as a key theme, ZOOMEX is offering premium hospitality experiences, USDT rewards, travel subsidies, and new user benefits to further enhance brand recognition among global users and inject more excitement and participation into digital asset trading activities throughout the 2026 football season.

The ZOOMEX World Cup Trading Carnival is now officially live. Join the campaign today and unlock your own World Cup glory moment with ZOOMEX.

Disclaimer: This campaign is independently launched by ZOOMEX and is not sponsored, endorsed, administered, or organized in cooperation with any relevant international football event organizer, rights holder, or their affiliates. ZOOMEX is not an official sponsor, official partner, official ticketing agent, or official hospitality sales agent of any relevant event. Premium hospitality experiences, travel subsidies, and related rewards involved in this campaign are subject to the official ZOOMEX campaign rules.

About Zoomex

Founded in 2021, Zoomex is a global cryptocurrency trading platform with over 3 million users across more than 35 countries and regions, offering 600+ trading pairs. Guided by its core values of “Simple × User-Friendly × Fast,” Zoomex is also committed to the principles of fairness, integrity, and transparency, delivering a high-performance, low-barrier, and trustworthy trading experience.

Powered by a high-performance matching engine and transparent asset and order displays, Zoomex ensures consistent trade execution and fully traceable results. This approach reduces information asymmetry and allows users to clearly understand their asset status and every trading outcome. While prioritizing speed and efficiency, the platform continues to optimize product structure and overall user experience with robust risk management in place.

As an official partner of the Haas F1 Team, Zoomex brings the same focus on speed, precision, and reliable rule execution from the racetrack to trading. In addition, Zoomex has established a global exclusive brand ambassador partnership with world-class goalkeeper Emiliano Martínez. His professionalism, discipline, and consistency further reinforce Zoomex’s commitment to fair trading and long-term user trust.

In terms of security and compliance, Zoomex holds regulatory licenses including Canada MSB, U.S. MSB, U.S. NFA, and Australia AUSTRAC, and has successfully passed security audits conducted by blockchain security firm Hacken. Operating within a compliant framework while offering flexible identity verification options and an open trading system, Zoomex is building a trading environment that is simpler, more transparent, more secure, and more accessible for users worldwide.

For more info: Website | X | Telegram | Discord

Contact Details:
[email protected]

Disclaimer: This sponsored content is provided by the content provider and does not necessarily reflect the views of this media platform or its publisher. The information is shared for general informational purposes only and should not be considered financial, investment, or trading advice. Cryptocurrency and mining-related activities carry risks, including the potential loss of capital, and readers are encouraged to conduct their own research and seek professional advice where appropriate. Speculate only with funds that you can afford to lose.The media platform and publisher assume no responsibility for any losses or claims arising from reliance on this content. GlobeNewswire does not endorse any content on this page.

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In the latest close session, Carnival (CCL - Free Report) was down 1.96% at $27.51. The stock's change was less than the S&P 500's daily gain of 0.26%. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw an increase of 0.42%.

Shares of the cruise operator witnessed a gain of 5.25% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 0.17%, and underperforming the S&P 500's gain of 6.32%.

The upcoming earnings release of Carnival will be of great interest to investors. In that report, analysts expect Carnival to post earnings of $0.34 per share. This would mark a year-over-year decline of 2.86%. In the meantime, our current consensus estimate forecasts the revenue to be $6.63 billion, indicating a 4.72% growth compared to the corresponding quarter of the prior year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.24 per share and a revenue of $27.83 billion, signifying shifts of -0.44% and +4.54%, respectively, from the last year.

Investors should also note any recent changes to analyst estimates for Carnival. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.97% fall in the Zacks Consensus EPS estimate. Currently, Carnival is carrying a Zacks Rank of #3 (Hold).

From a valuation perspective, Carnival is currently exchanging hands at a Forward P/E ratio of 12.52. This represents a discount compared to its industry average Forward P/E of 16.5.

Investors should also note that CCL has a PEG ratio of 1.23 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. CCL's industry had an average PEG ratio of 1.33 as of yesterday's close.

The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 194, placing it within the bottom 21% of over 250 industries.

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

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

If you’ve ever cruised on a Carnival ship, your personal information might have been exposed in a recent hack.

The accessed data included personal information from customers, such as their name, address, email address, phone number, date of birth, and ID information (e.g., passport or driver’s license number).

According to a notice published by the company on May 27, Carnival’s IT department first became aware of unidentified access to a “limited portion” of the company’s IT system on April 14. The data is said to have been accessed through an act of social engineering, a form of cyberattack in which bad actors manipulate an individual into granting access to systems or information.

“The company acted swiftly to block the unauthorized activity and immediately began working with third-party security experts to further strengthen its security and to conduct a thorough investigation,” the company stated in the notice. “As part of this investigation, the company determined the bad actor illegally accessed certain personal information.”

Carnival began notifying affected individuals by email starting May 27, offering individuals a two-year complimentary subscription for TransUnion credit monitoring. The email included details for a dedicated call center that TransUnion set up to help individuals with enrollment.

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Individuals who think they might be affected may also call the TransUnion call center at 844-593-8310, from 8 a.m. to 8 p.m. ET, Monday through Friday, excluding major U.S. holidays.

In addition to these services, the company advises individuals to remain vigilant for fraud or identity theft and to notify the police if they suspect either. 

The company is also taking next steps for the future.

“In addition to the comprehensive security measures the company had in place prior to the incident, it has taken steps to further safeguard its systems, including enhancing its security and monitoring controls,” Carnival said. “The company will continue to advance its IT security and data privacy controls to stay ahead of an ever-evolving threat landscape.”

The final deadline for Fast Company's Next Big Things in Tech Awards is Friday, June 12, at 11:59 p.m. PT. Apply today.

ABOUT THE AUTHOR

María José Gutierrez Chavez is a trending news writer for Fast Company. She was previously the editorial fellow at Inc More

Explore TopicsCarnivalCarnival Cruise Linecruise industrycruise shipnews

Updates across suites, dining, and gathering spaces reflect the most comprehensive drydock in the line's history

, /PRNewswire/ -- Seabourn's award-winning Seabourn Quest has emerged from drydock with the most comprehensive interior update in the line's history. Enhancements across suites, public spaces, dining venues and the spa create a more relaxed and refined onboard experience, further elevating the sense of comfort and understated luxury guests know and value.

The ship will continue its Mediterranean season through November 2026, and sail a series of immersive seven-day voyages between Dubrovnik, Fusina (Venice), Istanbul and Athens, calling on yacht harbors and islands in Croatia, Greece, Montenegro and Turkey. Each voyage can be combined to create 14- and 21-day sailings.

"This drydock represents an investment that reflects our unwavering focus on elevating every aspect of the guest experience," said Mark Tamis, president of Seabourn. "Seabourn Quest has always had a loyal following, and we wanted to enhance the spaces where our guests spend their time on board, from the feel of their suite to the atmosphere of The Club in the evening, to ensure they have the best experience at sea when they sail on this beautiful ship."

Reimagined Public Spaces
The Club underwent one of the most significant transformations on board, with a sophisticated, speakeasy-inspired ambiance, reconfigured layout, updated bar design and new lighting that reshape how the space is experienced throughout the evening.

The redesigned layout creates a more cohesive atmosphere for live music and social gatherings, while also improving the flow across the venue, allowing guests to move naturally between the bar, lounge seating and dance floor.

Across the rest of ship, public areas have been updated to enhance flow and atmosphere, making it easier for guests to move naturally through the ship, settle in, and enjoy each part of the day. The atrium, corridors and stairways received new carpeting, featuring patterns inspired by the organic movement of water. The main pool deck debuts with all new sound system and lighting, surrounded by renewed teak deck. 

Seabourn Square now features a warmer, living room atmosphere including new furniture and limited bistro-style seating. The Observation Bar received a refresh with updated carpet and furnishings, creating a brighter, more relaxed setting for panoramic views. The Spa was enhanced with a redesigned reception area, all new gym equipment and updated salon, including new finishes, lighting and furnishings, creating a more serene, calming environment that deepens the sense of relaxation and well-being.

The onboard shops were also enhanced with updated finishes, lighting and display elements, offering a more inviting atmosphere for guests to browse and discover curated pieces. These updates align with recent upgrades across the Seabourn ocean fleet.

Enhanced Dining Venues
The Colonnade was refreshed with new flooring, carpeting, seating and an updated service line to highlight live cooking. In The Restaurant, new carpet and drapery introduce a lighter and more modern look, enhancing the overall ambiance while preserving the venue's refined feel. 

Refreshed Suites and Accommodations
Suites across all categories received new mattresses and plush new wool carpeting, while Penthouse and premium suites also received updated veranda furniture, creating a more inviting space to relax and take in the view.

Design Approach
Together, these updates reflect an evolved design approach that brings a more residential and personal feel to Seabourn Quest. Drawing from the textures and tones of the places Seabourn explores, the interiors incorporate layered materials and finishes that create a cohesive environment and improve the way guests move through and experience each space.

"Our goal was to create spaces that feel natural, intuitive and effortlessly comfortable for guests," said Linh Nguyen, Senior Manager, Interior Design & Assets Management. "Rather than referencing a single destination, the design takes a broader approach, using materiality and scale to shape spaces that feel balanced, familiar and easy to experience."

Incorporating Sustainable Practices
Alongside elevated design updates, meaningful steps were taken to reduce waste and extend the life of materials on board. More than 20,000 square meters (approx. 215,000 square feet) of carpet were replaced. All original carpet was diverted from landfill and is planned to be repurposed into new carpet padding that the shipyard will reintegrate on board for a future Seabourn renovation. Updated suites now feature biodegradable Cradle to Cradle Dansk Wilton wool carpet to further support a closed-loop lifecycle approach. In addition, all mattresses were deconstructed for recycling by the shipyard, while lounge furnishings were donated to local Italian non-profit organization, extending the life of these materials, redirecting them from landfill disposal, and benefitting surrounding communities.

An Ongoing Investment in the Fleet
The 2026 drydock builds on previous enhancement cycles and represents the most comprehensive interior investment in Seabourn's history. The scope of work also included updates to crew areas, amenities and accommodations, supporting the onboard team that delivers the personalized service at the heart of the Seabourn experience.

For guests looking to experience these updates aboard Seabourn Quest, Seabourn's Exploration Event offers savings of up to 15 percent on select summer ocean and expedition voyages. Seabourn is also offering up to $1,000 in shipboard credit per suite on select winter voyages.

For more details about Seabourn, contact a professional travel advisor, call 1-800-929-9391 or visit www.seabourn.com.

About Seabourn:
Seabourn represents the pinnacle of luxury ocean and expedition travel and operates a suite of five modern ships. The all-inclusive, boutique ships offer all-suite accommodations with oceanfront views; award-winning dining; complimentary premium spirits and fine wines available at all times; renowned service provided by an industry-leading crew; a relaxed, sociable atmosphere that makes guests feel at home; a pedigree in expedition travel through the Ventures by Seabourn program and two luxury purpose-built expedition ships, including Seabourn Venture that launched in 2022 and Seabourn Pursuit in 2023. Seabourn takes travelers to every continent on the globe, visiting more than 400 ports including marquee cities and lesser-known ports and hideaways. Guests of Seabourn experience extraordinary offerings and programs, including partnerships with leading entertainers, dining, personal health and wellbeing, and engaging speakers. 

Seabourn is part of Carnival Corporation, the world's largest cruise company with a portfolio of cruise lines operating in over 800 ports & destinations worldwide. (NYSE: CCL).

Find Seabourn on X, Facebook, Instagram, YouTube and Pinterest.

*Seabourn Encore, Seabourn Ovation, Seabourn Venture, Seabourn Pursuit
**Optional programs, for additional charge
^Available on Seabourn Quest, Seabourn Encore, Seabourn Ovation

[IMAGES HERE]

SOURCE Seabourn

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World-class travel leader delivers top technology to casino guests

LAS VEGAS--(BUSINESS WIRE)--Konami Gaming, Inc. announced it has successfully installed its SYNKROS® casino management system on a second cruise line in the world’s largest cruise company Carnival Corporation’s (NYSE: CCL) portfolio. Building on the success of its systems installed across Holland America Line, the company has outfitted all 29 Carnival Cruise Line ships with its award-winning system. Leveraging SYNKROS, known internally under the acronym “SURF” for “Serving Up Rewards and Fun”, guests across the Carnival Cruise Line fleet can now tap into personalized rewards, offers, bonuses and cashless wagering in the onboard casinos.

“Konami is committed to serving Carnival Corporation’s existing SYNKROS install base with trust and reliability, while partnering collaboratively through ongoing expansion fleetwide.”

Share “We're obsessed with giving guests the best time possible with great service, standout rewards and innovation that raises the fun factor even higher, so it’s been fantastic to roll out SURF across the entire Carnival Cruise Line fleet and make the guest experience even more rewarding,” said Marty Goldman, SVP Global Gaming at Carnival Corporation. “We look forward to bringing these exciting gaming experiences to millions more, as SURF continues to expand across Carnival Corporation’s world-class portfolio.”

Guests on Carnival Cruise Line now have access to an array of top conveniences and fun experiences spanning thousands of gaming machines and powered by Konami’s SYNKROS technology. Rewards, offers and bonuses are tailored to the player, reflecting gaming preferences and featuring cruise-specific elements such as seamless cashless folio integration. Leveraging top SYNKROS advancements, Carnival Corporation also delivers rewarding bonus opportunities, including the chance to take top honors in virtual prize drawings.

“Carnival Corporation continues to innovate the guest experience in every detail of the journey, demonstrated in exciting new ways across the combined 40 onboard casinos of Carnival Cruise Line and Holland America Line now live with top SYNKROS technology,” said Tom Jingoli, president & chief operating officer at Konami Gaming, Inc. “Konami is committed to serving Carnival Corporation’s existing SYNKROS install base with trust and reliability, while partnering collaboratively through ongoing expansion fleetwide.”

Carnival Corporation is slated to continue rolling SYNKROS enterprise-wide, including to its full portfolio of world-class cruise lines. Those interested in learning more about SYNKROS’ award-winning product suite are encouraged to visit www.konamigaming.com.

About Carnival Corporation

Carnival Corporation is the largest global cruise company and among the largest leisure travel companies, with a portfolio of world-class cruise lines – AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises and Seabourn. Carnival Corporation trades under the ticker symbol CCL on the NYSE and is included in the S&P 500.

For more information, please visit www.carnivalcorp.com, www.aida.de, www.carnival.com, www.costacruises.com, www.cunard.com, www.hollandamerica.com, www.pocruises.com, www.princess.com and www.seabourn.com.

To learn more about Carnival Corporation’s purpose and our commitment to sustainability, go to www.carnivalcorp.com/impact/.

About Konami Gaming, Inc.

Konami Gaming, Inc. is a Las Vegas-based subsidiary of KONAMI GROUP CORPORATION (TSE: 9766). The company is a leading designer and manufacturer of casino games and technology for the global gaming market. For more information about Konami Gaming, Inc. or the SYNKROS® casino management system, please visit www.konamigaming.com.

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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One stock to keep an eye on is Carnival (CCL - Free Report) . CCL is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 13.58, while its industry has an average P/E of 15.85. CCL's Forward P/E has been as high as 20.07 and as low as 8.45, with a median of 13.45, all within the past year.

CCL is also sporting a PEG ratio of 0.61. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. CCL's PEG compares to its industry's average PEG of 1.13. CCL's PEG has been as high as 0.86 and as low as 0.37, with a median of 0.60, all within the past year.

Another valuation metric that we should highlight is CCL's P/B ratio of 3.56. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 6.49. Within the past 52 weeks, CCL's P/B has been as high as 3.79 and as low as 2.09, with a median of 3.05.

Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. CCL has a P/S ratio of 1.27. This compares to its industry's average P/S of 1.83.

Finally, our model also underscores that CCL has a P/CF ratio of 8.05. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. CCL's current P/CF looks attractive when compared to its industry's average P/CF of 12.06. Over the past 52 weeks, CCL's P/CF has been as high as 8.64 and as low as 4.49, with a median of 7.39.

These are only a few of the key metrics included in Carnival's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, CCL looks like an impressive value stock at the moment.

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Carnival (CCL - Free Report) , which belongs to the Zacks Leisure and Recreation Services industry, could be a great candidate to consider.

This cruise operator has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 23.56%.

For the most recent quarter, Carnival was expected to post earnings of $0.18 per share, but it reported $0.2 per share instead, representing a surprise of 11.11%. For the previous quarter, the consensus estimate was $0.25 per share, while it actually produced $0.34 per share, a surprise of 36.00%.

Price and EPS Surprise

Thanks in part to this history, there has been a favorable change in earnings estimates for Carnival lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Carnival currently has an Earnings ESP of +5.88%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner.

Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.

Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

As Cunard celebrates America's 250th anniversary, travelers can enter for a chance to sail aboard the world's only ocean liner for an incredible milestone crossing

, /PRNewswire/ -- As Queen Mary 2 prepares to join Sail4th 250 this July – celebrating America's 250th anniversary in New York Harbor – Cunard is inviting travelers to become part of its next historic milestone at sea. The British luxury cruise brand has launched a sweepstakes* to celebrate Queen Mary 2's historic 450th Transatlantic Crossing this November – a voyage that continues Cunard's enduring legacy of connecting the United Kingdom and the United States through ocean travel.

Queen Mary 2 is the world’s only active ocean liner with regularly scheduled transatlantic crossings between New York and Southampton, UK. Now through July 31, 2026, guests can enter for the chance to join the highly anticipated crossing, sailing from Southampton to New York from November 10-17, 2026. The prize winner and a guest will not only experience the rebirth of the golden age of ocean travel, but also receive flights, hotel accommodations in Southampton, and transportation to and from the port.

A Rich Heritage of Transatlantic Ocean Travel

The announcement comes during another defining moment for Cunard with July 4 marking the anniversary of the cruise line's very first crossing, when RMS Britannia departed Liverpool for Boston in 1840. This voyage launched the world's first regularly scheduled transatlantic steamship service and forever transformed global travel, trade and communication. Nearly two centuries later, Cunard remains the only cruise line offering regularly scheduled Transatlantic Crossings aboard the world's only ocean liner, Queen Mary 2.

"Transatlantic travel is the foundation of Cunard's rich heritage and remains one of the most iconic experiences in luxury travel today," said Liz Fettes, Senior Vice President, Commercial, North America and Australasia at Cunard. "As we prepare to participate in America's 250th anniversary celebration, it feels especially meaningful to also celebrate Queen Mary 2's upcoming 450th crossing. This milestone is a testament to the 186 years of history, connection and unforgettable voyages across the Atlantic."

Celebrating America's 250th Anniversary

On July 4, 2026, New York Harbor will come alive for Sail4th 250, celebrating America's 250th anniversary with the largest international flotilla of tall ships and naval vessels ever assembled. Queen Mary 2 and her guests will enjoy a front-row seat to the festivities, honoring Cunard's rich connection to U.S. history – with an estimated one in five immigrants traveling to the U.S. aboard Cunard steamships between 1840 and 1923. Today, Cunard's legacy of refined, elegant ocean travel lives on with a fleet of four ships sailing around the world, including its newest ship Queen Anne, Queen Elizabeth, Queen Mary 2 and Queen Victoria.

The sweepstakes is open now through July 31, 2026. To enter and view official rules, visit www.cunardcrossinggiveaway.com and complete the registration form to receive one entry. After submitting their initial entry, participants can also earn one bonus entry by either uploading their favorite photo from a past Cunard voyage or by participating in a poll sharing what they most look forward to experiencing on their first Cunard voyage.

For more information about Cunard or to book a voyage, guests can contact their travel advisor, call Cunard at 1-800-728-6273 or visit www.cunard.com.

Travel Advisors interested in further information can contact their Business Development Manager, visit OneSourceCruises.com, or call Cunard at 1-800-528-6273. 

*For full terms and conditions, please visit www.cunardcrossinggiveaway.com

About Cunard  
Cunard is a luxury British cruise line, renowned for creating unforgettable experiences around the world. Cunard has been a leading operator of passenger ships since 1840.  

The Cunard experience is built on fine dining, hand-selected entertainment, and outstanding White Star service. From a partnership with a two-Michelin starred chef, to inspiring guest speakers, to world class theatre productions, every detail has been meticulously crafted to make the experience unforgettable. A pioneer in transatlantic journeys and round world voyages, destinations sailed to also include Europe, the Caribbean, Alaska, the Far East and Australia. 

There are currently four Cunard ships, Queen Mary 2, Queen Elizabeth, Queen Victoria and new ship, Queen Anne, which entered service in May 2024. Cunard is based at Carnival House in Southampton, UK and is part of Carnival Corporation, the world's largest cruise company with a portfolio of cruise lines operating in over 800 ports & destinations worldwide. (NYSE: CCL).

Photography  

Photos are available in our image library, Asset Bank: https://cunard.assetbank-server.com/  

Please note, once directed to the page you will need to "Register for an account." Your request may take up to 24 hours for approval to access the library of assets. You will be notified via email to complete your registration.  

Social Media  
Facebook: www.facebook.com/cunard  
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Key Takeaways SNPS Q2 revenues jumped 41.9% year over year, fueled by Design Automation and Ansys.Synopsys expanded non-GAAP operating margin to 39.5% as EDA segment profitability improved.Synopsys guided fiscal 2026 revenues to be $9.625-$9.705B and non-GAAP EPS of $14.72-$14.80. Synopsys (SNPS - Free Report) reported non-GAAP earnings of $3.35 per share for the second quarter of fiscal 2026, which beat the Zacks Consensus Estimate by 5.7%. The bottom line decreased 8.7% on a year-over-year basis.

Synopsys’ earnings beat the Zacks Consensus Estimate thrice and missed once in the trailing four quarters, with the average surprise being 0.9%.

Synopsys’ fiscal second-quarter revenues jumped 41.9% year over year to $2.28 billion, beating the Zacks Consensus Estimate by 1.1%. The top line was primarily driven by an increase in revenues of Time-Based Product, Upfront Product and Maintenance and Service businesses.

Synopsys’ Q2 DetailsIn the license-type revenue group, Time-Based Product revenues of $945.6 million (representing 41.5% of total revenues) increased 14.2% year over year. Upfront Product revenues (24% of total) rose 7% to $546.3 million. Maintenance and Service revenues (34.5% of total) surged to $784.1 million, up sharply from the year-ago quarter’s $265.3 million.

Segment-wise, Design Automation revenues, which include EDA, Ansys and Other, were $1.82 billion, representing 80% of total revenues and up 62.3% from the prior-year quarter. Design IP revenues were $454.2 million, representing 20% of total revenues and down from $482 million a year ago. With the addition of Ansys, the Simulation & Analysis group is now incorporated into the EDA segment, beginning the third quarter of fiscal 2025. Other revenues were $7 million, representing 0.3% of total revenues. Ansys contributed 28.7% of the total revenues.

Geographically, Synopsys generated $998.5 million from North America (44% of total) and $378.1 million from Europe (17%). Revenues from Korea (12%), China (10%) and Other regions (17%) were $265.4 million, $240.4 million and $393.6 million, respectively.

The non-GAAP operating margin for the quarter was 39.5%, which expanded 150 basis points from the year-ago period.

Within segments, Design Automation’s adjusted operating margin improved to 43.3%, up from 40.9% a year earlier, while the Design IP segment’s adjusted margin contracted to 24.4%, down from 31.2% last year.

Synopsys’ Balance Sheet & Cash FlowSynopsys ended the second quarter of fiscal 2026 with $2.48 billion in cash, cash equivalents and short-term investments, up from $2.20 billion in the prior quarter. Total long-term debt was $10.01 billion.

During the second quarter of fiscal 2026, Synopsys generated $629 million in operating cash flow.

SNPS Raises Guidance for FY26For fiscal 2026, Synopsys raised its revenue outlook to $9.625-$9.705, up from the prior guided range of $9.56-$9.66 billion. The Zacks Consensus Estimate for SNPS’ fiscal 2026 revenues is pegged at $9.63 billion, indicating year-over-year growth of 36.5%.

SNPS lifted non-GAAP EPS target to $14.72-$14.80 per share, up from the prior guidance of $14.38-$14.46. The Zacks Consensus Estimate for SNPS’ fiscal 2026 earnings is pegged at $14.45, indicating year-over-year growth of 11.9%.

For the third quarter of fiscal 2026, the company expects revenues of $2.41-$2.4 billion and non-GAAP earnings of $3.63-$3.69 per share. Management said the updated full-year framework includes the Ansys channel accounting impact and also reflects an expected reduction tied to the pending sale of the Processor IP Solutions business, which it expects to close shortly.

The Zacks Consensus Estimate for SNPS’ third-quarter fiscal 2026 revenues is pegged at $2.41 billion, indicating year-over-year growth of 38.6%.

The Zacks Consensus Estimate for SNPS’ third-quarter fiscal 2026 earnings is pegged at $3.64, indicating a year-over-year increase of 7.4%.

SNPS’ Zacks Rank and Stocks to ConsiderCurrently, SNPS carries a Zacks Rank #4 (Sell).

Some better-ranked stocks in the broader Zacks Computer and Technology sector are Applied Materials (AMAT - Free Report) , Celestica (CLS - Free Report) and Amphenol (APH - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Shares of Applied Materials have rallied 74.4% year to date. The Zacks Consensus Estimate for Applied Materials’ fiscal 2026 earnings is pegged at $12.02 per share, up by 8.3% over the past 30 days, indicating a year-over-year surge of 27.6%.

Shares of Celestica have gained 21% year to date. The Zacks Consensus Estimate for Celestica’s 2026 earnings is pegged at $10.16 per share, up 15.1% over the past 30 days, indicating a year-over-year jump of 67.9%.

Amphenol shares have jumped 3.8% year to date. The Zacks Consensus Estimate for APH’s 2026 earnings is pegged at $4.76 per share, up 11.4% over the past 30 days, indicating a year-over-year increase of 42.5%.

On May 28, 2026, Synopsys Inc SNPS shares fell 8.6% to $480.64, marking a significant decline amid a 52-week range of $376.18 to $651.73. This drop in share price highlights potential volatility and market sentiment regarding the company's performance.

GF Value™ verdict: Current price at $480.64 is 27.7% undervalued compared to GF Value™ of $664.53.GF Score™ of 95/100 signifies a strong overall ranking, indicating solid growth potential and financial health.No insider transactions were reported in the last three months, suggesting a neutral stance from insiders. Is SNPS Overvalued or Undervalued? With a current price of $480.64 and a GF Value™ estimate of $664.53, Synopsys Inc is positioned as 27.7% undervalued. This substantial margin of safety presents an intriguing opportunity for potential investors, especially in a market characterized by uncertainty. The GF Valuation label indicates that the stock is modestly undervalued, suggesting that it may offer some upside potential in the future.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. The current valuation implies that the market may be undervaluing Synopsys Inc's growth prospects, which could be a point of interest for long-term strategic investors. However, it is essential to consider the risks tied to market conditions and potential fluctuations in the company's performance.

How Does SNPS's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 111.3x 57.1x Forward P/E 33.2x - Currently, Synopsys Inc is trading at a trailing P/E (TTM) of 111.3x, which is 95% above its 5-year median P/E of 57.1x. The forward P/E of 33.2x indicates a more favorable outlook compared to the current trailing P/E. This analysis suggests that while the stock is trading significantly above its historical valuation metrics, the forward P/E might align more closely with the GF Value™ verdict, indicating potential future growth.

What Does SNPS's GF Score™ Tell Us? Metric Rating GF Score™ 95 Financial Strength 6/10 Profitability 9/10 Growth 10/10 Valuation 8/10 Momentum 8/10 The GF Score™ of 95/100 highlights Synopsys Inc's strong position, particularly in growth (10/10) and profitability (9/10). However, the financial strength score of 6/10 indicates some areas where the company may need to improve. The valuation score of 8/10 suggests that the stock may be priced fairly, while the momentum score of 8/10 reflects a solid market performance trend. Overall, the composite score portrays a company with robust growth potential but varying financial health, warranting careful consideration.

What Are Insiders Doing with SNPS Stock? Currently, there have been no insider transactions reported for Synopsys Inc in the last three months. This lack of activity suggests that insiders may be holding their positions, indicating confidence in the company's future prospects or a wait-and-see approach amidst market fluctuations.

What This Means for Investors Based on the assessment of GF Value™, Synopsys Inc SNPS is currently undervalued at a price of $480.64 compared to its GF Value™ of $664.53. This suggests potential growth opportunities, although investors should remain cautious and consider the broader market dynamics and the company's financial strength.

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

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

SNPS's GF Score™ is 95/100, indicating a strong overall ranking that suggests solid growth potential and financial health.

Is SNPS overvalued or undervalued?

SNPS is currently undervalued, with a GF Value™ estimate of $664.53 compared to its current price of $480.64.

What is SNPS's P/E ratio?

SNPS's P/E (TTM) is 111.3x, which is significantly higher than its historical median of 57.1x, indicating that the stock may be trading at a premium compared to its historical valuation.

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

Synopsys NASDAQ: SNPS is one of the world’s two leading players in the electronic design automation (EDA) industry, along with Cadence Design Systems NASDAQ: CDNS. The company plays a critical role in advanced semiconductor development. Without top-tier EDA software, creating leading-edge semiconductor designs is nearly impossible.

Synopsys Today

$453.89 -2.40 (-0.53%)

As of 04:00 PM Eastern

52-Week Range$376.18▼

$651.73P/E Ratio105.07

Price Target$563.81

Despite Synopsys’s importance, the stock has struggled to gain traction even as the artificial intelligence boom is in full swing. Since the beginning of 2025, Synopsys shares are essentially flat. This comes after the stock dived 8.6% following the company's latest earnings report.

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Although Synopsys shares fell significantly, analyst price targets moved in the opposite direction—implying a potential opportunity in shares. As the stock continues to underperform, all eyes will be on Synopsys’s Investor Day in September.

Synopsys Posts Beats and Lifts Guidance, But Ansys Drives GrowthIn its fiscal Q2 2026, Synopsys posted revenue of $2.28 billion. (Note that Synopsys’s fiscal reporting period is slightly ahead of the standard reporting period used by most companies.) This equated to revenue growth of 42% year-over-year (YOY) and beat estimates of $2.25 billion.

However, the vast majority of this growth was not organic but a product of Synopsys’s Ansys acquisition. Per the earnings call, growth would have been just 3% to 4% YOY excluding Ansys.

Meanwhile, Synopsys’s adjusted earnings per share (EPS) fell by nearly 9% YOY to $3.35, beating estimates of $3.15 substantially. This figure is tricky as well, as despite adjusted EPS falling, adjusted net income rose by 11% YOY. This difference came as Synopsys’s share count increased by around 23% YOY.

Synopsys issued a significant number of shares to fund the Ansys deal, as well as directly to NVIDIA NASDAQ: NVDA, which invested $2 billion in Synopsys. Long story short, Synopsys’s adjusted profit rose, even though it fell on a per-share basis.

Synopsys also raised its full-year guidance across multiple fronts. Based on midpoint figures:

Revenue guidance increased by $65 million to $9.665 billion.

Adjusted operating margin guidance increased by 50 basis points to 41%.

Adjusted EPS guidance increased by 34 cents to $14.76.

Free cash flow guidance increased by $100 million to $2 billion.

Despite strong postings on many headline metrics, investors likely viewed the fact that Ansys drove nearly all of Synopsys’s growth as a significant negative.

Analysts Move Targets Up as Shares FallSynopsys Stock Forecast Today12-Month Stock Price Forecast:
$563.81
24.02% Upside

Hold
Based on 17 Analyst Ratings

Current Price$454.61High Forecast$650.00Average Forecast$563.81Low Forecast$450.00Synopsys Stock Forecast Details

After earnings, MarketBeat tracked several analyst price target upgrades on Synopsys, while not seeing any targets move lower. Among updates for which MarketBeat had previous price target data, the average price target moved up by approximately 7%. This was a near inverse to the 8.6% hit shares took following the report. Still, analysts at BNP Paribas Exane placed an Underweight rating on the stock, while Piper Sandler issued a Hold rating.

Overall, the average price target among those issued after earnings was approximately $538. This is considerably lower than the MarketBeat consensus price target of $564, indicating that older targets are holding up the consensus figure. The updated $538 average implies moderate upside of about 10%.

Synopsys and Cadence Shares Are Lagging Big-TimeIt is a bit concerning to see Synopsys underperform the market so significantly. This comes as many semiconductor and AI-related stocks have surged. Since the start of 2025, the S&P 500 has delivered a return above 25%. Meanwhile, the iShares Semiconductor ETF NASDAQ: SOXX, a commonly used proxy for semiconductor industry performance, is up more than 150%.

Near-term issues, such as its Ansys acquisition clouding visibility and complications at Intel’s NASDAQ: INTC foundry (a key customer), have negatively affected Synopsys. However, Cadence—which has not suffered from the same issues—has also underperformed. Cadence shares are up only around 25% since the start of 2025.

Thus, the two top EDA stocks are experiencing significant underperformance, even as the industry in which they sit booms. This raises questions about their ability to capture value in the same way they have in the past.

Synopsys’s Investor Day: Its Key Opportunity to Reinspire InvestorsDespite Synopsys’s poor performance, its products continue to be essential to the semiconductor ecosystem. Additionally, Ansys visibility and Intel’s issues can smooth out over time.

On its earnings call, Synopsys repeatedly mentioned that it is looking for ways to capture more of the value its products offer customers. This includes new pricing methods for its intellectual property. Synopsys says it will have a few signed customer agreements under this model by the end of the fiscal year.

Additionally, as AI agents are increasingly used in chip design, Synopsys is working to capture more consumption-based revenue. However, the company said it would give more details about these strategies at its Investor Day at the end of September.

The firm’s Investor Day will likely be critical to convincing markets that Synopsys can alter its monetization strategies in a way that maximizes the value it captures. Evaluating its plan is critical before materially changing the positive long-term thesis on this stock.

Should You Invest $1,000 in Synopsys Right Now?Before you consider Synopsys, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Synopsys wasn't on the list.

While Synopsys currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

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Hyperscale cloud computing services and artificial intelligence model builders are increasingly turning to custom AI computer designs to optimize their systems. And that should be a tailwind for Synopsys (SNPS) stock.

"As the AI race continues and the move towards heterogeneous compute and the move towards COT (customer-owned tooling), we've got the exact portfolio that's going to help the industry continue to accelerate," Synopsys Chief Financial Officer Shelagh Glaser told Investor's Business Daily on Thursday.

↑ X NOW PLAYING Can The AI Boom Keep Broadcom, Ciena And CrowdStrike Rallying After Earnings?

Hyperscalers and other companies are designing custom chips and complete systems to match their particular AI workloads, she said. Synopsys offers electronic design automation (EDA) tools and intellectual property to help them with their projects.

"We're exactly where all the action is happening in the industry," Glaser said.

Further, Synopsys is rolling out AI agents to assist designers with their work, she said.

"There's not enough engineering talent," Glaser said. "And we can actually fortify those teams and give them more resources with (AI) agents that allow them to manage the complexity."

Late Wednesday, Synopsys beat Wall Street's targets for its fiscal second quarter and with its outlook for the current quarter and full year. But Synopsys stock fell 8.6% to 480.64 on Thursday amid nitpicks about organic growth.

Synopsys Stock Nabs Price-Target Hikes On the stock market today, Synopsys stock dipped 1% to close at 475.62.

"Our opportunity is expanding as customers design increasingly complex systems from silicon to full-scale AI infrastructure and physical AI, requiring more integrated engineering solutions across design, simulation, and system validation," Chief Executive Sassine Ghazi said on a conference call with analysts late Wednesday.

At least eight Wall Street firms raised their price targets on Synopsys stock after the company's fiscal Q2 report.

BofA Securities analyst Vivek Arya reiterated his buy rating on Synopsys stock and upped his price target to 600 from 515.

In a client note, Arya said the Synopsys report was "quietly impressive" as the company works to integrate its recent acquisition of Ansys.

Follow Patrick Seitz on X at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.

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Copyright ©2026 Investor's Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

Synopsys is riding on the AI-driven demand and gains 8.2% YTD, but Design IP weakness, margin pressure and higher debt raise investor questions.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?

Let's take a look at what these Wall Street heavyweights have to say about Synopsys (SNPS - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.

Synopsys currently has an average brokerage recommendation (ABR) of 1.77, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 22 brokerage firms. An ABR of 1.77 approximates between Strong Buy and Buy.

Of the 22 recommendations that derive the current ABR, 14 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 63.6% and 4.6% of all recommendations.

Brokerage Recommendation Trends for SNPS

Check price target & stock forecast for Synopsys here>>>

While the ABR calls for buying Synopsys, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.

This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.

Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.

Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.

In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.

Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.

Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.

Is SNPS Worth Investing In?Looking at the earnings estimate revisions for Synopsys, the Zacks Consensus Estimate for the current year has declined 0.3% over the past month to $14.49.

Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Synopsys. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Therefore, it could be wise to take the Buy-equivalent ABR for Synopsys with a grain of salt.

At $494.48, Synopsys (NASDAQ:SNPS | SNPS Price Prediction) looks constructive at current levels, with the chip design software leader trading well below its $651.73 52-week high as Wall Street fixates on accounting noise from the $35 billion Ansys acquisition rather than the agentic AI catalyst building underneath.

Synopsys sits at the center of every advanced chip designed on the planet. Its electronic design automation (EDA) software, paired with the Ansys acquisition that closed July 17, 2025, pushed the company from silicon design into full silicon-to-systems engineering. After a brutal 35.84% single-day drop on the Q3 FY2025 miss, the stock has stabilized as the integration story has shifted from risk to reward.

The Agentic AI Inflection Wall Street Is Underwriting at a Discount The bull case starts with raw demand. Q2 FY2026 revenue hit $2.275 billion, up 41.98% year over year, with non-GAAP EPS of $3.35 beating the $3.16 consensus by 5.96%. Management raised full-year guidance to a $9.665 billion revenue midpoint and $14.76 non-GAAP EPS midpoint, with free cash flow targeted at roughly $2.0 billion.

Design Automation, which makes up about 80% of revenue, expanded its adjusted operating margin to 43.3% from 40.9%. The hidden catalyst is the commercial ramp of Multiphysics Fusion software in late 2026, with dozens of major customers already testing specialized AI agents that compress chip design timelines by up to 3x. The Investor Day on September 30, 2026 is the likely catalyst for revealing long-term targets that anchor this story.

The Debt, Dilution, and GAAP Compression Bear Case Bears have a real argument. The Ansys deal saddled Synopsys with $10 billion in long-term debt, and quarterly GAAP results are buried under $403.6 million of intangibles amortization. Q2 GAAP net income collapsed 95.05% year over year to $17.1 million. The Design IP segment is being restructured around a planned divestiture, restructuring charges hit $234.2 million in H1 FY2026, and shareholder lawsuits over prior Design IP disclosures remain unresolved. A trailing P/E of 114 is not cheap on reported earnings.

The Case for Sitting on Hands The hold view is that the stock has gone nowhere fast. Shares are up 5.27% year to date and 4.5% over one year, well behind the S&P 500’s roughly 10.8% YTD gain. The 50-day moving average of $463.89 and 200-day of $467.86 signal consolidation, not a breakout. Patient investors could wait for the September Investor Day to remove ambiguity before committing fresh capital.

What the Numbers Say About the Setup Synopsys currently trades at $494.48 against a Wall Street consensus target of $560.38, implying roughly 13% upside. Analyst targets are guidance only. Of 25 analysts, 17 rate it Buy or Strong Buy, 7 Hold, and 1 Strong Sell. The forward P/E of 35 versus trailing P/E of 114 reflects expected earnings normalization as Ansys amortization rolls through. Institutional ownership sits at 90.89%.

Why $495 Looks Like a Constructive Setup Before the September Catalyst At $494.48, the setup for Synopsys looks constructive. Here is why.

The setup compresses three catalysts into the next four months. Q3 FY2026 guidance calls for revenue of $2.41 to $2.46 billion and non-GAAP EPS of $3.63 to $3.69, which would extend the beat streak. The September 30, 2026 Investor Day should quantify Ansys synergy targets and frame the agentic AI roadmap.

The risk/reward profile looks attractive up to $535. Downside is cushioned by the $11.4 billion backlog, $2 billion FCF run rate, and $3.46 billion in debt repayment during H1 FY2026. The thesis breaks if Design IP weakness widens or another Q3 FY2025-style miss surfaces.

Owning a dominant duopoly EDA franchise before its agentic AI moment, while GAAP optics still obscure the underlying engine, is the setup investors are weighing.

Synopsys, Inc. (SNPS) Presents at Mizuho Technology Conference 2026 Transcript

📌 Top story -- scroll down for more updates

VSEC Doubles Down With $2B Deal 4:17 pm — VSEC +13.45%

By Seth Jayson
Team Rule Breakers

If you don’t count VSE Corp’s (VSEC +1.54%) post- “cease fire” bounce, it would be a quiet week for this aviation aftermarket parts-and-repair outfit. The big story remains the pending $2 billion acquisition of Precision Aviation Group, which is supposed to close sometime this quarter and would roughly double the company’s scale. That’s the kind of bet that either looks brilliant in three years or keeps the CFO up at night—probably both. Citi trimmed its price target on April 2 but kept their buy rating, which feels like the analyst equivalent of saying “I still like you, just manage my expectations.” I’m not a huge fan of the business, so the stock price action sometimes confuses me.

Growth has been meh for a while, but of course that’ll be upended by the acquisition:

Closing Bell 4:08 pm

Stocks surged after a two-week U.S.–Iran ceasefire tied to reopening the Strait of Hormuz sent oil sharply lower, easing inflation pressure and reviving rate-cut hopes. The Dow jumped 1,300 points while crude saw its steepest drop since 2020. Cyclical and supply-chain-sensitive stocks led—Broadcom (AVGO 0.85%) and Micron Technology (MU 1.02%) rallied—while energy lagged, with Exxon Mobil (XOM +0.28%) down. The move reflects a market pricing normalization, but the path forward depends on whether oil flows actually resume.

Oil’s message vs. reality: Crude collapsed on headlines, not barrels. Shipping remains thin. If flows stall, pricing power can snap back quickly. Volatility isn’t gone: A two-week pause isn’t peace. Geopolitics still sets the tape. Axon Rebounds After 10% Drop 3:58 pm — AXON +4.71%

Shares of Axon Enterprise (AXON 1.00%) bounced after a sharp 10% drop, with analysts calling the sell-off non-fundamental. Notes from TD Cowen, Morgan Stanley, and Goldman Sachs pointed to steady demand and positive signals from Axon Week, while broader markets also lifted on easing geopolitical tension. The stock’s price-to-sales ratio has fallen near 10—its lowest since 2023—resetting expectations as growth remains intact.

When price moves, but business doesn’t: Analysts framed the drop as sentiment-driven, not operational—often where long-term investors find opportunity. Valuation meets narrative: A lower multiple plus continued adoption of TASER, body cams, and software could amplify upside—if execution holds.

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Micron’s 10% Rally Tests Skeptics 3:21 pm — MU +6.97%

Shares of Micron Technology (MU 1.02%) jumped about 7% midday after UBS (UBS +1.62%) raised its price target to $535, implying about 42% upside from prior levels. The call leans on a memory “super-cycle,” tied to AI demand, as investors rotate back into growth stocks amid easing macro tensions. The move follows mixed recent sentiment, with prior downgrades and lower targets from other firms.

Targets vs. truth: Price targets move fast but Fools know that business results don’t. Last month, Motley Fool analyst Seth Jayson called out analysts "falling over each other to raise price targets" on Micron. He cautioned, "At some point the math gets circular. But the underlying demand story is real enough that a patient observer can watch this one without feeling rushed." Cycle check: If AI demand sustains memory pricing, earnings leverage can follow. If not, cyclicality can cut both ways. Jayson continued, "The question is, of course, when does the typical cyclicality return? Right now everyone believes it’s gone forever. Unlikely."

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Forecasts Fail as Data Swings Wild 2:55 pm

Wall Street’s crystal balls may need a polish. Economists are struggling to forecast the labor market in 2026, missing monthly job estimates by an average of 112,000—nearly triple last year’s gap—as shifting immigration trends, strikes, weather, and technical changes distort the data. Many forecasters cluster near consensus, which can amplify surprise—and volatility—when reality diverges, raising the stakes for markets reacting to each report and for expectations around Federal Reserve policy.

Signals vs. noise: Monthly swings are widening, making it harder to separate real trends from temporary disruptions—and increasing the odds of sharp market reactions. Foolishly speaking, stay the course: Andy Cross, the Motley Fool's Chief Investment Officer, called the most recent jobs report "decent," adding that, overall, "it’s not a dire showing though anecdotally the job market is difficult with continued lay-offs." Forecast errors rattle traders, not owners; long-term investors can lean into volatility. FedEx Freight Plots Solo Future 2:33 pm — FDX +4.20%

FedEx (FDX +0.09%) is preparing to spin off its freight unit on June 1, positioning the business as a standalone growth story. At an investor day, FedEx Freight outlined plans to streamline its network, modernize technology, and expand commercial offerings, targeting 4%–6% annual revenue growth and 10%–12% operating income growth. The separation reflects FedEx’s broader strategy to sharpen focus on its core air-ground network while unlocking value in its less-than-truckload segment. Shares will list on the New York Stock Exchange under the ticker "FDXF."

Margin story in motion: Management is aiming for faster profit growth than revenue, signaling a shift toward efficiency and pricing discipline as an independent operator. Network rethink underway: Cost savings will come from fleet and route optimization, a lever that could define execution risk—or upside—post-spin.

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338.31

Siri's AI Overhaul Aims to Save Apple Stock 1:15 pm -- META +7.5%

Retail investors are taking another bite of Apple (AAPL 1.52%), snapping up a net $65.3 million in shares Tuesday — the highest single-day buying spree since mid-2025. Despite recent geopolitical volatility and a 5% year-to-date decline, the bulls are returning to the fold. Investors are eyeing a massive 2026 upgrade cycle fueled by the "iPhone Fold" entering trial production and a long-awaited AI-driven overhaul of Siri through a multiyear partnership with Alphabet (GOOG +0.45%).

The Foldable Reality Check: While some reports hint at engineering delays, analysts at Evercore ISI maintain a $330 price target, insisting large-scale production of the book-style foldable remains on track for a September launch. The Intelligence Infusion: Beyond hardware, June’s WWDC is expected to be a pivotal catalyst as Apple details how its "Apple Intelligence" will integrate Gemini to simplify AI workflows for developers and users alike.

Today's Lunchtime News 1:00 pm -- META +9.3%, GOOG +4.2%, NVDA +2.0%

Meta (META 0.14%), Amazon (AMZN 1.24%), Alphabet (GOOG +0.45%), and Nvidia (NVDA +0.15%) led the Magnificent Seven higher as the ceasefire-driven rally rippled through tech. Chipmakers surged even harder, with Taiwan Semiconductor (TSM +0.46%), ASML (ASML 1.70%), Applied Materials (AMAT +2.69%), and Micron (MU 1.02%) all jumping 7% or more.

Recovering from a brutal Q1: Tech stocks bore the brunt of the war-driven sell-off, with Microsoft (MSFT +0.11%) slumping 23% in the first quarter on compounding concerns about its AI strategy -- a steeper drop than any Mag Seven peer. Fragile foundation: Ship traffic through the Strait of Hormuz has yet to normalize, and a Saudi pipeline was hit by a drone hours after Trump's ceasefire post, leaving investors cautious about how durable the rally will be.

Today's Change

(

0.15

%) $

0.30

Current Price

$

205.18

Meta Spends Billions to Catch OpenAI 12:15 pm -- META +4.7%

Meta Platforms (META 0.14%) launched "Muse Spark" Wednesday, marking a sharp strategic pivot after its Llama 4 family failed to gain traction. Developed by Meta Superintelligence Labs under chief AI officer Alexandr Wang, this proprietary model replaces the company’s former open-source approach to better compete with Alphabet (GOOG +0.45%) and OpenAI. Rebuilt from the ground up following a $14.3 billion investment in Scale AI, Muse Spark is designed to handle complex reasoning in science and health while requiring significantly less compute than previous iterations.

Strategic About-Face: By locking down Muse Spark as a proprietary model, Meta is prioritizing monetization and performance over the developer-friendly open-source philosophy it previously championed.

Efficiency Gains: The new architecture allows the model to match the capabilities of midsize predecessors with an order of magnitude less processing power, potentially protecting Meta’s massive infrastructure margins.

Bitcoin Jumps to Three-Week High 11:10 am -- BTC -1.4%

Bitcoin (BTC 0.06%) surged 5% on Wednesday morning to a three-week high of $72,841 as digital assets mirrored a broader market rally following the U.S.-Iran ceasefire. This risk-on sentiment lifted Ether (ETH 0.80%) over 7% while crude prices saw their steepest decline in years. Investors are increasingly optimistic that a cooling Middle East conflict will lower inflation and prompt the Federal Reserve to reconsider interest-rate cuts. While Bitcoin remains roughly 40% below its $126,000 October peak, the sudden easing of geopolitical pressure has provided the necessary momentum to test the upper bounds of its recent $60,000 to $75,000 trading range.

Stubborn Resistance Levels: Despite the price jump, analysts warn that Bitcoin faces significant technical selling pressure around $75,000, a barrier it has struggled to clear since the conflict began in February. The Macro Pivot: Future price action remains tethered to the Strait of Hormuz; a permanent reopening could further depress oil, potentially providing the definitive deflationary spark needed for a sustained crypto bull run.

Today's Change

(

-0.06

%) $

-38.01

Current Price

$

63479.00

Who Survives Software’s Reckoning? 11:05 am

By Meilin Quinn
Team Hidden Gems

Software stocks are down more than 20% this year, and the carnage has gotten bad enough to earn a nickname. Investors are calling it the SaaSpocalypse.

Once a sell-off starts attracting the sort of branding that surrounds things like the dot-com bubble and the Great Recession, that's Wall Street's cue that something deeper is breaking. And I think the market has good reason to be nervous.

For years, software companies had a nice setup. Work flowed through employees, employees worked through software, and every one of those employees needed a software user license. The problem now is that agents, or AI systems that can work across different tools on their own, are starting to handle more of that work without a human in the middle.

If more work gets done this way, companies may not need as many employees doing those tasks in software, which means they may not need as many licenses. What's more, companies can now credibly threaten to build software replacements in-house, which means SaaS pricing power could erode even before seat counts drop.

Of all the announcements at Nvidia's (NVDA +0.15%) GTC conference in March, the one that felt most instructive to me was Jensen Huang's reveal of the software partners behind Nvidia's agentic push. I think that list is a good starting point for separating the software companies agents will rely on from the ones agents might start to displace.

The $134B Fight for the Future of AI 10:10 am

Elon Musk has escalated his legal offensive against OpenAI, filing for the removal of CEO Sam Altman and President Greg Brockman just weeks before jury selection begins. Musk alleges he was defrauded into donating $38 million to a nonprofit that shifted into a profit-seeking powerhouse. The world's richest man is also demanding that Microsoft (MSFT +0.11%) and OpenAI return up to $134 billion in "wrongful gains" to charity. This high-stakes brawl in Oakland federal court directly pits Musk's xAI — now part of the $1.25 trillion SpaceX empire — against his former colleagues in a fight that could reshape the AI industry's leadership and corporate structure.

The Silicon Valley Civil War: OpenAI is firing back, accusing Musk of a harassment campaign aimed at slowing down a competitor to his own interests, including Tesla (TSLA +1.65%) and the newly merged SpaceX-xAI entity. IPO Complications Loom: With SpaceX recently filing for a record-breaking IPO, the outcome of this trial could dictate whether Musk can successfully dismantle the dominant market position of his rivals before going public. Fed Rate Cut Back on the Table 9:40 am

The fragile U.S.-Iran ceasefire has fundamentally shifted market expectations for the Federal Reserve. According to the CME Group FedWatch tool, odds for a rate reduction by December jumped to 43%, up from just 14% before the truce. As energy-driven inflation threats subside alongside plunging oil prices, traders are betting Chair Jerome Powell may finally have the breathing room to shore up a plodding labor market. While policymakers likely remain cautious until a permanent deal is reached, the "inflation shock" that previously paralyzed the Fed is rapidly dissipating.

Inflation Data Dual-Threat: Investors face a volatile 48 hours as Thursday’s PCE index and Friday’s CPI report reveal the exact damage hostilities inflicted on consumer prices before the ceasefire took hold. Global Domino Effect: Analysts at Evercore ISI suggest a successful negotiation could trigger a coordinated easing cycle, putting rate cuts back in play for the European Central Bank and the Bank of England.

Opening Bell 9:35 am

Wall Street erupted in a massive relief rally Wednesday after President Trump announced a two-week suspension of attacks on Iran. The "double-sided" ceasefire, contingent on the reopening of the Strait of Hormuz, triggered a 16% collapse in crude prices and a broad rotation back into growth equities. Beyond the shipping channel, markets are reacting to a potential breakthrough regarding the removal of nuclear material from Iran in exchange for tariff and sanctions relief.

Market indexes

S&P 500

2.58%

Nasdaq

3.50%

Dow

2.97%

Delta Cuts Capacity to Guard Margins From Fuel 8:00 am -- DAL +12.37% in pre-market trading

Delta Air Lines (DAL +1.56%) CEO Ed Bastian is taking aggressive action to combat a "historic" spike in fuel costs, announcing a meaningful reduction in capacity growth to prioritize margin preservation. Despite the $2 billion quarterly fuel headwind caused by Middle East hostilities, Bastian remains bullish on the "durability" of the airline's financial foundation and its premium-heavy customer base. "Demand remains strong, and we are taking actions to protect our margins and cash flow," Bastian told reporters Wednesday, noting a "downward bias" on growth until the energy environment stabilizes. While competitors struggle with unhedged exposure, Bastian highlighted Delta's unique advantage in owning a refinery near Philadelphia, which is expected to generate a $300 million benefit this quarter.

Industry-Wide Shakeup: Bastian anticipates that persistently high fuel prices will force "structural changes" across the sector, likely pressuring low-cost carriers while favoring premium-focused giants like United Airlines (UAL +2.58%). Consumer Resilience: Despite rising fares and new baggage fees, Bastian observed that 90% of revenue is coming from the top end of the "K-shaped" economy, stating, "Our consumer is really healthy... they're investing in the experience economy."

Today's Change

(

1.56

%) $

1.28

Current Price

$

83.11

Greece Sets 15+ Rule for Social Platforms 7:45 am -- META +4.95%, SNAP +5.21%, GOOG +3.96% in pre-market trading

Greek Prime Minister Kyriakos Mitsotakis confirmed Wednesday that Greece will ban children under 15 from social media platforms starting January 1, 2027. Citing a "scientific consensus" on rising anxiety, sleep deprivation, and addictive platform designs, the mandate follows a similar restrictive move by Australia. With 80% domestic adult support, Mitsotakis aims to use this initiative as a catalyst for broader European Union regulation. The Greek Safer Internet Centre reports that 75% of current young users are only primary-school age, highlighting the significant demographic shift this policy will force upon major digital advertising and engagement models.

Big Tech Revenue Risks: Stricter age gates pose a direct threat to the long-term user acquisition funnels for Meta Platforms (META 0.14%) and Snap (SNAP 1.31%), potentially cooling engagement metrics in the Eurozone. Regulatory Contagion: As Greece pressures the EU for unified age limits, Alphabet (GOOG +0.45%) may face increased compliance costs and potential ad-revenue declines if YouTube and other social hubs are swept into broader continental bans.

Today's Change

(

-0.14

%) $

-0.82

Current Price

$

567.61

This Morning's Breakfast News 7.30am

S&P 500 futures soared over 2.5% this morning, with Nasdaq futures up over 3%, as investors cheered confirmation of a two-week ceasefire between the U.S. and Iran, alongside the reopening of the key Strait of Hormuz.

Pakistan invites both sides for talks on Friday: Pakistan's Prime Minister said he's setting the stage "to further negotiate for a conclusive agreement to settle all disputes," as markets assess if the 10-point plan for the conditional ceasefire can lead to a broader de-escalation. Risk-on cross-asset market reaction: Brent oil futures fell over 14% lower to $93 per barrel, with Bitcoin (BTC 0.06%) up 3.6% to $71,800 and gold rallying over 2% above $4,800 per ounce.

ICYMI: Tuesday's Scoreboard 6:30 am -- FRPT +4.60% in pre-market trading

Freshpet (FRPT +0.84%) was the subject of the latest Scoreboard video.

GoPro Slashes 23% of Staff in Restructuring 6:15 am -- GPRO +2.30% in pre-market trading

GoPro (GPRO 1.78%) announced plans to eliminate 23% of its workforce as the action-camera pioneer fights to reverse persistent losses. The restructuring, involving 145 layoffs by year-end, comes after the company missed its 2025 profitability target despite aggressive cost-cutting efforts. CEO Nicholas Woodman cited mounting macroeconomic pressures--including high memory costs and tariffs--as primary obstacles to growth. While the company is pivoting toward AI-driven hardware and processors to revitalize its brand, it must first navigate an estimated $15 million charge for this latest round of downsizing.

Persistent Growth Hurdles: Despite cutting expenses by 26% last year, GoPro's full-year revenue continues to slide, highlighting the difficulty of competing against high-end smartphones and versatile hardware from Alphabet (GOOG +0.45%). AI Transformation Bet: The company is pinning its recovery on new GP3 imaging processors and AI software integration, attempting to evolve from a hardware-only play into a high-margin digital ecosystem.

White House Holds Firm as Ford Absorbs $3B Hit 5:45 am -- F +2.86% in pre-market trading

The Trump administration has rejected requests from Ford (F +0.78%) and other automakers for relief from 50% aluminum tariffs following devastating fires at a key New York supply plant, per The Wall Street Journal. The Novelis facility, which provides sheet metal for the best-selling F-150, remains offline, forcing manufacturers to import metal at a massive premium. Ford estimates the disruption has already cost $2 billion, with another $1 billion in losses expected this year. Despite a January factory visit from the President, officials have signaled no intention to waive duties, leaving domestic automakers to absorb surging delivery premiums that now reach $2,500 per metric ton.

Detroit's Bottom Line: The refusal to grant exemptions squeezes margins for General Motors (GM +0.80%) and Stellantis (STLA 0.29%), as a new tariff overhaul may soon tax finished metal components even more aggressively. Supply Chain Fragility: Dependence on the Oswego plant highlights a single point of failure for U.S. auto production, as even Berkshire Hathaway (BRKB +0.55%) subsidiaries in the manufacturing sector face rising costs for domestic aluminum. Before the Opening Bell 4:00 am

Stock futures surged Wednesday following the announcement of a two-week ceasefire between the U.S. and Iran, narrowly averting a massive military escalation. Just hours before a critical bombing deadline, President Trump and Iranian officials agreed to a temporary cessation of hostilities and a coordinated reopening of the Strait of Hormuz. International crude prices cratered nearly 15% on the news, with Brent crude falling to approximately $93 per barrel as supply chain panic eased. While the long-term outlook remains uncertain, the immediate de-escalation provides a vital reprieve for global markets and energy-sensitive sectors.

Airline Earnings Impact: Delta Air Lines (DAL +1.56%) reports quarterly results this morning, with investors laser-focused on how recent jet fuel spikes and Middle East flight suspensions dented the bottom line. Refining Advantage: Despite sectorwide fuel pressure, Delta may show relative resilience compared to peers due to its ownership of a Pennsylvania refinery, providing some insulation from the volatile oil markets dominated by Berkshire Hathaway (BRKB +0.55%) energy holdings.

Shares of GoPro surged nearly 19% in early premarket trading on Tuesday, extending gains from the previous session.

The massive surge today comes as investors reacted to the company’s move to explore opportunities in the defence and aerospace sector.

The sharp move reflects growing investor interest in companies tied to defence-linked technologies, amid heightened geopolitical tensions and increased military activity.

GoPro on Monday said it will pursue new market opportunities for its technology within defence and aerospace, engaging consulting firm Oliver Wyman to assess potential pathways.

The company noted that its cameras are already widely used in demanding environments where durability, video stabilisation and image quality are critical.

The collaboration will focus on identifying operational use cases aligned with evolving mission requirements.

“GoPro's brand is well known within defence, government and aerospace sectors,” said Chief Executive Nicholas Woodman.

He added that the company’s cameras have been deployed in diverse applications, including being mounted on the Artemis II Orion spacecraft and used for onboard documentation.

Woodman said working with Oliver Wyman would help identify “more formal and scalable opportunities” while accounting for the operational, regulatory and commercial dynamics of these sectors.

The project will involve analysing addressable segments, potential product synergies, and partnership strategies, while engaging with government and aerospace stakeholders to ensure compliance with stringent standards.

Timothy Wickham, a partner at Oliver Wyman, said defence clients are increasingly adopting commercially available technologies.

“The opportunity is significant and growing, with the global defence and aerospace imaging, unmanned, and related markets representing billions of dollars of addressable market,” he said.

The strategic pivot comes as GoPro seeks to revive its business following several years of declining sales.

Revenue has fallen for four consecutive years, including double-digit percentage declines in the last two, amid intense competition from rivals such as Insta360 and DJI.

Advances in smartphone camera technology have further eroded demand for standalone action cameras, pressuring GoPro’s traditional product lines.

To counter these challenges, the company has been focusing on higher-margin offerings and transitioning toward a subscription-led model, while also expanding into new sectors.

It has introduced artificial intelligence-driven products, including an image processor, as part of efforts to diversify its portfolio.

Earlier this month, GoPro’s board approved a restructuring plan that includes cutting 23% of its workforce, with completion expected by the end of the year.

The company has also been reducing operating expenses, reporting a 26% cut in costs in its most recent fourth quarter.

Despite these measures, profitability remains elusive.

GoPro reported a loss of $9.1 million, or 6 cents per share, in the fourth quarter, even as it had earlier projected a return to profitability by the end of fiscal 2025.

Woodman had flagged macroeconomic pressures, including tariffs, memory costs and supply constraints, as ongoing challenges.

Recognized by RedShark News, ProductionHUB, and CineD—Leading Media Outlets Covering the Professional Production Industry for Innovation and Excellence in Camera Technology

, /PRNewswire/ -- GoPro (NASDAQ: GPRO) today announced that its MISSION 1 Series of cameras—the world's smallest, lightest, and most rugged 8K and 4K Open Gate, high frame rate cinema cameras—have been recognized with three prestigious awards at the 2026 NAB Show, the industry's premier event for broadcast, media, and entertainment professionals. Built around a new 50MP 1" sensor and GoPro's new, ultra‑efficient GP3 processor, the MISSION 1 Series was named one of six recipients of the RedShark Best in Show Awards from RedShark News, while the MISSION 1 PRO ILS camera earned one of ten ProductionHUB Awards of Excellence and was the sole winner of the CineD Best-of-Show Award in the Camera Category.

GoPro MISSION 1 Series Cameras Earn Three Top Industry Awards at NAB Show 2026 "These awards honor the incredible innovation and dedication of GoPro's employees. These awards go to them," said Nicholas Woodman, GoPro's Founder and CEO. "GoPro's MISSION 1 Series of compact cinema cameras is ushering in a new era of performance and capability in affordable, small form factor cameras, and we're excited the industry has responded with so much enthusiasm."

AWARDS SUMMARY
RedShark News
GoPro's MISSION 1 Series was named one of six recipients of the RedShark Best in Show Awards, recognizing standout innovation and performance at NAB Show 2026.

ProductionHUB
GoPro's MISSION 1 PRO ILS camera was selected as one of ten recipients of the ProductionHUB Awards of Excellence, honoring the most impressive products and technologies showcased at the event.

CineD
GoPro's MISSION 1 PRO ILS camera received the single CineD Best-of-Show Award in the Camera Category, distinguishing it as the top camera innovation at NAB Show 2026.

Customers can reserve their MISSION 1 ($599.99 MSRP and $499.99 at GoPro.com for existing GoPro subscribers1) or MISSION 1 PRO ($699.99 MSRP and $599.99 at GoPro.com for existing GoPro subscribers1) at GoPro.com and receive a new MISSION 1 SERIES Point and Shoot Grip (a $100 value) for free with their order. This offer is for a limited time and while supplies last. Reserve your new MISSION 1 or MISSION 1 PRO now and be among the first to get hands on the world's smallest, lightest and most durable high resolution, high frame rate cinematic camera system.

Global, on-shelf availability begins May 28th for MISSION 1, MISSION 1 PRO and MISSION 1 PRO Grip Edition. MISSION 1 PRO ILS, MISSION 1 PRO Creator Edition, and MISSION 1 PRO Ultimate Creator Edition will be available in Q3 2026. Sign up to be notified of product availability at GoPro.com.

About GoPro, Inc. (NASDAQ: GPRO)
GoPro helps the world capture and share itself in immersive and exciting ways. Connect with GoPro on Instagram, YouTube, TikTok, Facebook, X, LinkedIn, and GoPro's blog, The Current. Members of the press can access official logos and imagery on our press portal. For more information, visit GoPro.com.

GoPro, HERO, MAX, MISSION and their respective logos are trademarks or registered trademarks of GoPro, Inc. in the United States and other countries. Other trademarks are the property of their respective owners.

Note on Forward-looking Statements
This press release may contain projections or other forward-looking statements within the meaning Section 27A of the Private Securities Litigation Reform Act. Words such as "anticipate," "believe," "estimate," "expect," "intend," "should," "will," "plan" and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements in this press release may include, but are not limited to, statements related to the Company's MISSION 1 Series camera lineup, product performance and specifications, product and accessory pricing and availability timing, subscription benefits and subscriber pricing, promotional offers, accessory ecosystem rollout, and the Company's positioning for long-term growth in the premium imaging category. These forward-looking statements are based on the Company's current expectations and inherently involve significant risks and uncertainties. The Company's actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks related to consumer demand and market adoption of the new premium product line, competition in the digital imaging and premium camera markets, product launch timing and execution, supply chain, component availability and cost, the ability to successfully enter and compete in professional and premium camera segments, and pricing and margin pressures. A further description of the risks and uncertainties relating to the business of the Company is contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the "SEC") on March 12, 2026. These forward-looking statements speak only as of the date hereof or as of the date otherwise stated herein. The Company undertakes no duty or obligation to update any forward-looking statements contained herein as a result of new information, future events or changes in its expectations.

1 Existing GoPro subscribers can take advantage of available GoPro subscription benefits and get $100 off the purchase of any MISSION 1 Series camera and up to $150 off MISSION 1 Series camera and accessory bundles. Available to yearly subscribers only upon subscription renewal.

SOURCE GoPro, Inc.

Revenue of $99 million

Subscription and Service Revenue of $27 million

New MISSION 1 Series of Cameras Positions GoPro to Compete at the High End of the Digital Imaging Market

, /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) announced financial results for its first quarter ended March 31, 2026, and posted management commentary in the investor relations section of its website at https://investor.gopro.com. In a separate release, GoPro announced today that its Board of Directors has authorized the Company to engage in a process to review strategic alternatives, and to engage a financial advisor to assist with that process.

"In Q1, revenue of $99 million was within guidance," Brian Tratt, GoPro's CFO. "We made meaningful progress on key metrics—cash used in operations improved $21 million year-over-year to $37 million, operating expenses declined year-over-year, and we continued to reduce both owned and channel inventory sequentially and year-over-year."

"Q1 and the weeks since have been a pivotal period for GoPro. The critically acclaimed launch of our MISSION 1 Series cameras represents our boldest step yet into professional imaging, and our exploration of defense, aerospace and strategic M&A opportunities reflects our belief that there is significant unrealized value in GoPro's technology, IP and brand—value we are committed to realizing on behalf of our shareholders," said Nicholas Woodman, GoPro's founder and CEO.

Q1 2026 Financial Results

Revenue was $99 million, down 26% year-over-year. Sell-through was approximately 313,000 camera units, down 29% year-over-year. Subscription and service revenue was flat year-over-year at $27 million. GoPro subscriber count ended Q1 at 2.26 million, down 8% year-over-year. Revenue from the retail channel was $61 million, or 61% of total revenue and down 35% year-over-year. GoPro.com revenue, including subscription and service revenue, was $38 million, or 39% of total revenue and down 6% year-over-year. GAAP gross margin was 4.3% compared to 32.1% in the prior year quarter. Non-GAAP gross margin was 4.5% compared to 32.3% in the prior year quarter. GAAP and non-GAAP gross margin for Q1 2026 included a discrete $24.5 million charge related to certain component purchase commitments and $4.5 million sale of slow-moving inventory. GAAP net loss was $81 million, or a $(0.50) loss per share, compared to a net loss of $47 million or a $(0.30) loss per share, in the prior year quarter. Non-GAAP net loss was $58 million, or a $(0.35) loss per share, compared to a net loss of $19 million or a $(0.12) loss per share, in the prior year quarter. GAAP and non-GAAP net loss for Q1 2026 included a discrete $24.5 million charge related to certain component purchase commitments and $4.5 million sale of slow-moving inventory. Adjusted EBITDA was negative $50 million compared to negative $16 million in the prior year quarter. Recent Business Highlights

In May, GoPro launched its new MISSION 1 Series of cameras—the world's smallest, lightest, and most rugged 8K and 4K open gate, compact cinema cameras for filmmakers, creators and aspiring enthusiasts. The new lineup is comprised of three camera models—MISSION 1 PRO, MISSION 1 PRO ILS and MISSION 1. The launch of the MISSION 1 Series marks GoPro's entrance into the high end of the digital imaging market.  In April, GoPro announced plans to formally explore global defense and aerospace market opportunities, engaging leading management consulting firm Oliver Wyman to assess addressable market segments, product synergies, and go-to-market strategies in imaging, unmanned, and related markets representing billions of dollars in opportunity. In March, GoPro announced a partnership with DICK's Sporting Goods and integration with their GameChanger app, the number-one-rated youth sports app used by more than nine million active users, for scorekeeping, live streaming, statistics, and team management. This partnership combines GoPro's industry-leading video quality with GameChanger's easy-to-use live streaming service, making it simple for families to use their GoPro to capture and share game day. In January, GoPro announced a partnership with ASUS, a leading Taiwanese multinational technology company, and launched a co-branded ASUS ProArt GoPro Edition laptop. The laptop was purpose-built by ASUS to support GoPro content creator workflows. Early traction has far exceeded ASUS's expectations for the ProArt line, reinforcing the strength of GoPro's brand in technology collaborations. Results Summary:

($ in thousands, except per share amounts)

Three months ended March 31,

2026

2025

% Change

Revenue

Hardware revenue

$       72,150

$      107,419

(32.8) %

Subscription and services revenue

26,915

26,889

0.1 %

Total revenue

$       99,065

$      134,308

(26.2) %

Gross margin

GAAP

4.3 %

32.1 %

(2,780) bps

Non-GAAP

4.5 %

32.3 %

(2,780) bps

Operating loss

GAAP

$      (57,245)

$       (45,208)

26.6 %

Non-GAAP

$      (54,137)

$       (18,660)

190.1 %

Net loss

GAAP

$      (80,820)

$       (46,709)

73.0 %

Non-GAAP

$      (57,676)

$       (19,444)

196.6 %

Diluted net loss per share

GAAP

$          (0.50)

$           (0.30)

66.7 %

Non-GAAP

$          (0.35)

$           (0.12)

191.7 %

Adjusted EBITDA

$      (49,781)

$       (15,707)

216.9 %

Conference Call

GoPro management will host a conference call and live webcast for analysts and investors today at 2 p.m. Pacific Time (5 p.m. Eastern Time) to discuss the Company's financial results.

Prior to the start of the call, the Company will post Management Commentary on the "Events & Presentations" section of its investor relations website at https://investor.gopro.com. Management will make brief opening comments before taking questions.

To listen to the live conference call, please dial +1 833-461-5787 (US) or +1 585-542-9983 (International) and enter access code 163668947, approximately 15 minutes prior to the start of the call. A live webcast of the conference call will be accessible on the "Events & Presentations" section of the Company's website at https://investor.gopro.com. An archived audio webcast will be accessible for at least 90 days on GoPro's website, https://investor.gopro.com.

About GoPro, Inc. (NASDAQ: GPRO)

GoPro helps the world capture and share itself in immersive and exciting ways.

Connect with GoPro on Instagram, YouTube, TikTok, Facebook, X, LinkedIn, and GoPro's blog, The Current. Members of the press can access official logos and imagery on our press portal. For more information, visit GoPro.com.

GoPro, HERO, MAX, MISSION and their respective logos are trademarks or registered trademarks of GoPro, Inc. in the United States and other countries.

Note Regarding Use of Non-GAAP Financial Measures

GoPro reports gross profit, gross margin percentage, operating expenses, operating income (loss), other income (expense), tax expense (benefit), net income (loss) and diluted net income (loss) per share in accordance with U.S. generally accepted accounting principles (GAAP) and on a non-GAAP basis. Additionally, GoPro reports non-GAAP adjusted EBITDA. Non-GAAP items exclude, where applicable, the effects of stock-based compensation, acquisition-related costs, restructuring and other related costs, (gain) loss on insurance proceeds, (gain) loss on extinguishment of debt, (gain) loss on revaluation of warrants, gain on the sale and license of intellectual property, goodwill impairment charges, and the tax impact of these items. When planning, forecasting, and analyzing gross profit, gross margin percentage, operating expenses, operating income (loss), other income (expense), tax expense (benefit), net income (loss) and net income (loss) per share for future periods, GoPro does so primarily on a non-GAAP basis without preparing a GAAP analysis as that would require estimates for reconciling items which are inherently difficult to predict with reasonable accuracy. A reconciliation of preliminary GAAP to non-GAAP measures has been provided in this press release, and investors are encouraged to review the reconciliation.

Note on Forward-looking Statements
This press release may contain projections or other forward-looking statements within the meaning Section 27A of the Private Securities Litigation Reform Act. Words such as "anticipate," "believe," "estimate," "expect," "intend," "should," "will," "plan" and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements in this press release may include but are not limited to statements regarding our expectations regarding revenue, profitability, improved gross margin, and reduced operating expenses; cash flow improvement and inventory reduction; the launch and market positioning of the MISSION 1 Series cameras in the high-end digital imaging market; our exploration of defense and aerospace market opportunities; our evaluation of strategic alternatives, including a potential sale or merger of the Company; subscription and service revenue and subscriber retention; partnerships and brand collaborations, including with DICK's Sporting Goods and ASUS; and unrealized value in GoPro's technology, intellectual property, and brand. These statements involve risks and uncertainties, and actual events or results may differ materially. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements include the inability to achieve our revenue growth or profitability in the future, and if revenue growth or profitability is achieved, the inability to sustain it; substantial doubt about our ability to continue as a going concern and impact on lenders, suppliers, contract manufacturers, retailers and distributors; the fact that an economic downturn or economic uncertainty in our key U.S. and international markets, inflation, and fluctuations in interest rates or currency exchange rates may adversely affect consumer discretionary spending and demand for our products; changes to trade agreements, trade policies, increased tariffs, and import/export regulations which may negatively affect our business, supply chain expenses, and gross margins; the fact that our goal to grow revenue and be profitable relies upon our ability to manage expenses and grow sales from our direct-to-consumer business, our retail partners, and distributors; our ability to acquire and retain subscribers, and the risk that subscriber count may continue to decline; our reliance on third-party suppliers, some of which are sole-source suppliers,  and contract manufacturers for our products, some of which may be impacted due to supply shortages, long lead times, or other service disruptions, including unprecedented increases and volatility in memory component costs, that may lead to increased costs due to the effects of global conflicts and geopolitical issues such as the ongoing conflicts in the Middle East, Ukraine, or China-Taiwan relations; our ability to maintain the value and reputation of our brand and protect our intellectual property and proprietary rights; the risk that our sales fall below our forecasts, especially during the holiday season; the risk we fail to manage our operating expenses effectively, which may result in our financial performance suffering; the fact that our profitability depends in part on further penetrating our total addressable market, including through new products such as the MISSION 1 Series and expansion into defense and aerospace markets, and we may not be successful in doing so; the risk we are unable to reduce our operating expenses or that continued reductions in research and development and marketing spending may constrain our product roadmap, ability to innovate, and ability to generate sufficient consumer demand; the fact that we rely on sales of our cameras, mounts, and accessories for substantially all of our revenue, and any decrease in the sales or change in sales mix of these products could harm our business; the risk that we may not successfully manage product introductions, product transitions, product pricing, and marketing; our ability to achieve or maintain profitability if there are delays or issues in our product launches; the fact that a small number of retailers and distributors account for a substantial portion of our revenue and our level of business with them could be significantly reduced; our ability to attract, engage, and retain qualified personnel, particularly given reductions in our workforce and fluctuations in the price of our Class A common stock; the impact of competition on our market share, revenue, and profitability; the fact that we may experience fluctuating revenue, expenses, and profitability in the future; our substantial indebtedness, including under our Credit Facilities and Convertible Debentures, and the corresponding cash debt service obligations and restrictive covenants; our ability to comply with financial covenants in our Credit Facilities and the risk of cross-default; the risk that our evaluation of strategic alternatives may not result in a transaction or other outcome that enhances stockholder value, and may be disruptive to our business operations; the risk that our pursuit of defense and aerospace opportunities could subject us to retaliatory actions by foreign governments; risks related to inventory, purchase commitments, and long-lived assets; the risk that we will encounter problems with our distribution system; the threat of a security breach or other disruption including cyberattacks; the concern that our intellectual property and proprietary rights may not adequately protect our products and services; the outcome of pending or future litigation and legal proceedings; and other factors detailed in the Risk Factors section of our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the "SEC") on March 12, 2026, and as updated in filings with the SEC including the Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. These forward-looking statements speak only as of the date hereof or as of the date otherwise stated herein. GoPro disclaims any obligation to update these forward-looking statements.

GoPro, Inc.

Preliminary Condensed Consolidated Statements of Operations

(unaudited)

Three months ended March 31,

(in thousands, except per share data)

2026

2025

Revenue

Hardware

$              72,150

$             107,419

Subscription and services

26,915

26,889

Total revenue

99,065

134,308

Cost of revenue

Hardware

85,689

83,596

Subscription and services

9,070

7,563

Total cost of revenue

94,759

91,159

Gross profit

4,306

43,149

Operating expenses:

Research and development

28,435

29,557

Sales and marketing

23,218

23,258

General and administrative

9,898

16,942

Goodwill impairment

—

18,600

Total operating expenses

61,551

88,357

Operating loss

(57,245)

(45,208)

Other income (expense):

Interest expense

(4,118)

(797)

Other income (expense), net

(17,612)

948

Total other income (expense), net

(21,730)

151

Loss before income taxes

(78,975)

(45,057)

Income tax expense

1,845

1,652

Net loss

$             (80,820)

$             (46,709)

Basic and diluted net loss per share

$                (0.50)

$                (0.30)

Shares used to compute basic and diluted net loss per share

163,208

156,438

GoPro, Inc.

Preliminary Condensed Consolidated Balance Sheets

(unaudited)

(in thousands)

March 31,
2026

December 31,
2025

Assets

Current assets:

Cash and cash equivalents

$             40,723

$             49,674

Accounts receivable, net

61,858

93,513

Inventory

72,205

78,431

Prepaid expenses and other current assets

32,508

30,951

Total current assets

207,294

252,569

Property and equipment, net

7,772

5,903

Operating lease right-of-use assets

10,580

11,138

Goodwill

133,751

133,751

Other long-term assets

21,958

24,622

Total assets

$            381,355

$            427,983

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable

$             91,366

$             97,012

Accrued expenses and other current liabilities

130,146

95,856

Short-term operating lease liabilities

10,319

12,069

Deferred revenue

53,077

52,636

Short-term debt

71,954

19,598

Total current liabilities

356,862

277,171

Long-term taxes payable

14,146

13,544

Long-term debt

—

44,322

Long-term operating lease liabilities

6,397

7,329

Other long-term liabilities

5,819

9,067

Total liabilities

383,224

351,433

Stockholders' equity:

Common stock and additional paid-in capital

1,047,276

1,044,875

Treasury stock, at cost

(193,231)

(193,231)

Accumulated deficit

(855,914)

(775,094)

Total stockholders' equity

(1,869)

76,550

Total liabilities and stockholders' equity

$            381,355

$            427,983

GoPro, Inc.

Preliminary Condensed Consolidated Statements of Cash Flows

(unaudited)

Three months ended March 31,

(in thousands)

2026

2025

Operating activities:

Net loss

$             (80,820)

$             (46,709)

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation and amortization

1,794

1,718

Non-cash operating lease cost

1,360

(215)

Stock-based compensation

2,998

5,370

Goodwill impairment

—

18,600

Deferred income taxes, net

573

103

Loss on extinguishment of debt

8,870

—

Derivative expense

7,552

—

Change in fair value of derivative liabilities

5,652

—

Other

2,124

106

Net changes in operating assets and liabilities

13,279

(36,159)

Net cash used in operating activities

(36,618)

(57,186)

Investing activities:

Purchases of property and equipment, net

(1,043)

(1,305)

Net cash used in investing activities

(1,043)

(1,305)

Financing activities:

Proceeds from issuance of common stock

303

374

Taxes paid related to net share settlement of equity awards

(429)

(503)

Proceeds from borrowings

30,250

25,000

Repayments of borrowings

(375)

—

Payment of debt issuance costs

(941)

—

Net cash provided by financing activities

28,808

24,871

Effect of exchange rate changes on cash and cash equivalents

(98)

443

Net change in cash and cash equivalents

(8,951)

(33,177)

Cash and cash equivalents at beginning of period

49,674

102,811

Cash and cash equivalents at end of period

$              40,723

$              69,634

GoPro, Inc.
Reconciliation of Preliminary GAAP to Non-GAAP Financial Measures

To supplement our unaudited selected financial data presented on a basis consistent with GAAP, we disclose certain non-GAAP financial measures, including non-GAAP gross profit, gross margin percentage, operating expenses, operating income (loss), other income (expense), tax expense (benefit), net income (loss), diluted net income (loss) per share and adjusted EBITDA. We also provide forecasts of non-GAAP gross margin, non-GAAP operating expenses, non-GAAP other income (expense), non-GAAP tax expense (benefit), non-GAAP net income (loss) and non-GAAP diluted net income (loss) per share. We use non-GAAP financial measures to help us understand and evaluate our core operating performance and trends, to prepare and approve our annual budget, and to develop short-term and long-term operational plans. Our management uses and believes that investors benefit from referring to these non-GAAP financial measures in assessing our operating results. These non-GAAP financial measures should not be considered in isolation from, or as an alternative to, the measures prepared in accordance with GAAP, and are not based on any comprehensive set of accounting rules or principles. We believe that these non-GAAP measures, when read in conjunction with our GAAP financials, provide useful information to investors by facilitating:

the comparability of our on-going operating results over the periods presented; the ability to identify trends in our underlying business; and the comparison of our operating results against analyst financial models and operating results of other public companies that supplement their GAAP results with non-GAAP financial measures. These non-GAAP financial measures have limitations in that they do not reflect all of the amounts associated with our results of operations as determined in accordance with GAAP. Some of these limitations are:

adjusted EBITDA does not reflect income tax expense (benefit), which may change cash available to us; adjusted EBITDA does not reflect interest income (expense), which may reduce cash available to us; adjusted EBITDA excludes depreciation and amortization and, although these are non-cash charges, the property and equipment being depreciated and amortized often will have to be replaced in the future, and adjusted EBITDA does not reflect any cash capital expenditure requirements for such replacements; adjusted EBITDA excludes the amortization of point of purchase (POP) display assets because it is a non-cash charge, and is treated similarly to depreciation of property and equipment and amortization of acquired intangible assets; adjusted EBITDA and non-GAAP net income (loss) exclude restructuring and other related costs which primarily include severance-related costs, stock-based compensation expenses, manufacturing consolidation charges, facilities consolidation charges recorded in connection with restructuring actions, including right-of-use asset impairment charges (if applicable), and the related ongoing operating lease cost of those facilities recorded under ASC 842, Leases. These expenses do not reflect expected future operating expenses and do not contribute to a meaningful evaluation of current operating performance or comparisons to the operating performance in other periods; adjusted EBITDA and non-GAAP net income (loss) exclude stock-based compensation expense related to equity awards granted primarily to our workforce. We exclude stock-based compensation expense because we believe that the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding operational performance. In particular, we note that companies calculate stock-based compensation expense for the variety of award types that they employ using different valuation methodologies and subjective assumptions. These non-cash charges are not factored into our internal evaluation of non-GAAP net income (loss) as we believe their inclusion would hinder our ability to assess core operational performance; adjusted EBITDA and non-GAAP net income (loss) excludes any gain or loss on the extinguishment of debt because it is not reflective of ongoing operating results in the period, and the frequency and amount of such gains and losses vary; adjusted EBITDA and non-GAAP net income (loss) excludes a gain (loss) on insurance proceeds because it is not reflective of ongoing operating results in the period, and the frequency and amount of such gains and losses vary; adjusted EBITDA and non-GAAP net income (loss) excludes a gain (loss) on the revaluation of warrants because it is not reflective of ongoing operating results in the period, and hinders our ability to assess core operational performance; adjusted EBITDA and non-GAAP net income (loss) excludes a gain (loss) related to a derivative liability because it is not reflective of ongoing operating results in the period, and hinders our ability to assess core operational performance; adjusted EBITDA and non-GAAP net income (loss) excludes goodwill impairment charges as they do not reflect ongoing operating results in the period and hinders our ability to assess core operational performance; non-GAAP net income (loss) excludes acquisition-related costs including the amortization of acquired intangible assets (primarily consisting of acquired technology), the impairment of acquired intangible assets (if applicable), as well as third-party transaction costs incurred for legal and other professional services. These costs are not factored into our evaluation of potential acquisitions, or of our performance after completion of the acquisitions because these costs are not related to our core operating performance or reflective of ongoing operating results in the period, and the frequency and amount of such costs vary significantly based on the timing and magnitude of our acquisition transactions and the maturities of the businesses being acquired. Although we exclude the amortization of acquired intangible assets from our non-GAAP net income (loss), management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and can contribute to revenue generation; non-GAAP net income (loss) excludes a gain on the sale and/or license of intellectual property. This gain is not related to our core operating performance or reflective of ongoing operating results in the period, and the frequency and amount of such gains are inconsistent; non-GAAP net income (loss) excludes non-cash interest expense as it is not related to our core operating performance or reflective of ongoing operating results in the period; non-GAAP net income (loss) includes income tax adjustments which reflect the current and deferred income tax expense (benefit) and the effect of non-GAAP adjustments; GAAP and non-GAAP net income (loss) per share includes the dilutive, tax effected cash interest expense associated with our 2025 convertible senior notes and Convertible Debentures in periods of net income, as if converted at the beginning of the period; and other companies may calculate these non-GAAP financial measures differently than we do, limiting their usefulness as comparative measures.  GoPro, Inc.

Reconciliation of Preliminary GAAP to Non-GAAP Financial Measures

(unaudited)

Reconciliations of non-GAAP financial measures are set forth below:

Three months ended March 31,

(in thousands, except per share data)

2026

2025

GAAP net loss

$             (80,820)

$             (46,709)

Stock-based compensation:

Cost of revenue

144

248

Research and development

1,560

2,820

Sales and marketing

575

882

General and administrative

719

1,420

Total stock-based compensation

2,998

5,370

Acquisition-related costs:

Research and development

469

469

General and administrative

1

3

Total acquisition-related costs

470

472

Restructuring and other costs:

Cost of revenue

(15)

(13)

Research and development

(215)

591

Sales and marketing

(125)

385

General and administrative

(5)

1,143

Total restructuring and other costs

(360)

2,106

Non-cash interest expense

1,845

—

(Gain) loss on insurance recovery

—

(424)

Loss on extinguishment of debt

8,870

—

(Gain) loss on revaluation of warrants

(2,750)

—

(Gain) loss related to derivative liabilities

13,204

—

(Gain) loss on sale and/or license of intellectual property

(1,200)

—

Goodwill impairment

—

18,600

Income tax adjustments

67

1,141

Non-GAAP net loss

$             (57,676)

$             (19,444)

GAAP and non-GAAP shares for diluted net loss per share

163,208

156,438

GAAP diluted net loss per share

$                (0.50)

$               (0.30)

Non-GAAP diluted net loss per share

$                (0.35)

$               (0.12)

Three months ended March 31,

(dollars in thousands)

2026

2025

GAAP gross margin as a % of revenue

4.3 %

32.1 %

Stock-based compensation

0.2

0.2

Non-GAAP gross margin as a % of revenue

4.5 %

32.3 %

GAAP operating expenses

$            61,551

$           88,357

Stock-based compensation

(2,854)

(5,122)

Acquisition-related costs

(470)

(472)

Restructuring and other costs

345

(2,119)

Goodwill impairment

—

18,600

Non-GAAP operating expenses

$            58,572

$           62,044

GAAP operating loss

$           (57,245)

$          (45,208)

Stock-based compensation

2,998

5,370

Acquisition-related costs

470

472

Restructuring and other costs

(360)

2,106

Goodwill impairment

—

18,600

Non-GAAP operating loss

$           (54,137)

$          (18,660)

Three months ended March 31,

(in thousands)

2026

2025

GAAP net loss

$             (80,820)

$             (46,709)

Income tax expense

1,845

1,652

Interest expense, net

3,669

248

Depreciation and amortization

1,794

1,718

POP display amortization

1,769

1,732

Stock-based compensation

2,998

5,370

(Gain) loss on insurance recovery

—

(424)

Loss on extinguishment of debt

8,870

—

(Gain) loss on revaluation of warrants

(2,750)

—

(Gain) loss related to derivative liabilities

13,204

—

Goodwill impairment

—

18,600

Restructuring and other costs

(360)

2,106

Adjusted EBITDA

$             (49,781)

$             (15,707)

SOURCE GoPro, Inc.

A GoPro camera is seen in this illustration photo January 9, 2018. REUTERS/Thomas White/Illustration Purchase Licensing Rights, opens new tab

CompaniesMay 11 (Reuters) - Action camera maker GoPro (GPRO.O), opens new tab said on Monday that it intends to review a ​range of strategic options that could include ‌a sale of the company or merger, sending its shares up more than 27% in after-hours trading.

This comes ​nearly a month after the company ​said it had engaged consulting firm Oliver ⁠Wyman to pursue new market opportunities for ​its technology within the defense and aerospace markets.

Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here.

The ​California-based company said since then it received several unsolicited strategic inquiries, and its board has authorized it to ​engage a financial advisor to support a ​review.

Separately on Monday, GoPro reported a wider first-quarter adjusted ‌loss ⁠from a year ago and a decline in total revenue as hardware, subscription and service revenue fell in the quarter.

For the quarter ended ​March 31, ​it posted ⁠a loss of 35 cents per share, compared to a loss ​of 12 cents per share a ​year ⁠ago.

GoPro had a market capitalization of $224 million as of last close, according to data compiled ⁠by ​LSEG.

In February, GoPro appointed insider Brian ​Tratt as its chief financial officer replacing Brian McGee.

Reporting by ​Anshuman Tripathy in Bengaluru; Editing by Shailesh Kuber

Our Standards: The Thomson Reuters Trust Principles., opens new tab

GoPro, Inc. (GPRO) Q1 2026 Earnings Call Transcript

(Editor’s note: The future prices of benchmark tracking ETFs, and the headline, the lede and the economic were updated in the story.)

U.S. stock futures fell on Tuesday after Monday’s higher close. This followed President Donald Trump‘s sharp criticism of Iran’s latest response to a U.S. proposal aimed at ending the conflict, saying the ceasefire is now “on life support.”

“I would call it the weakest right now,” Trump said, adding he viewed Tehran’s demands as unacceptable.

On the economic front, inflation ran hotter than anticipated, with the April Consumer Price Index (CPI) rising 3.8% year-over-year, which surpassed the 3.7% median estimate by FactSet. Core CPI, which excludes volatile food and energy costs, climbed 2.8% over the last 12 months and 0.4% monthly.

Meanwhile, the NFIB Small Business Optimism Index edged up 0.1 points to a reading of 95.9 in April, though it remains below its 52-year historical average.

Meanwhile, the 10-year Treasury bond yielded 4.43%, and the two-year bond was at 3.97%. The CME Group's FedWatch tool‘s projections show markets pricing a 97.6% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.

IndexPerformance (+/-)Dow Jones-0.04%S&P 500-0.38%Nasdaq 100-0.73%Russell 2000-0.45%Stocks In FocusGitlab Gitlab Inc. (NASDAQ:GTLB) plunged 8.97% in premarket on Tuesday after it announced a reduction in workforce to realign its operating structure. Benzinga’s Edge Stock Rankings indicate that AEHL maintains a weak price trend in the medium and long terms but a strong trend in the short term. GoPro GoPro Inc. (NASDAQ:GPRO) shares jumped 5.30% as it reported better-than-expected first-quarter sales results and also announced the launch of a strategic review exploring the potential sale or merger. Benzinga’s Edge Stock Rankings indicate that GPRO maintains a strong price trend in the long, short, and medium terms. Zoominfo Technologies Zoominfo Technologies Inc. (NASDAQ:GTM) tumbled 32.46% despite beating estimates as cautious forward guidance influenced market sentiment. Benzinga’s Edge Stock Rankings indicate that GTM maintains a weak price trend in the medium and long terms but a strong trend in the short term, with a moderate growth score. Plug Power Plug Power Inc. (NASDAQ:PLUG) advanced 5.40% after posting its first-quarter results after Monday's closing bell, beating analyst estimates on the top and bottom lines. Benzinga’s Edge Stock Rankings indicate that PLUG maintains a strong price trend in the short, medium, and long terms. AST SpaceMobile Benzinga’s Edge Stock Rankings indicate that ASTS maintains a weak price trend in the medium and short terms but a strong trend in the long term. Cues From Last SessionMaterials, energy, and industrials equities posted the most significant gains on Monday, whereas communication services and consumer staples bucked the broader trend by finishing the session lower.

Insights From AnalystsLawrence Gillum anticipates significant economic shifts as the Federal Reserve likely transitions to the leadership of Kevin Warsh. Gillum expects Warsh to champion a smaller Fed balance sheet and reduced forward guidance.

While Gillum notes that U.S. debt levels are projected to soar—potentially climbing above 120% of GDP by 2027—he reassures investors that “the U.S. is not on the verge of a fiscal crisis.” Furthermore, Gillum believes “the odds of aggressive rate cuts under a Warsh chairmanship appear low.”

Regarding the stock market, Gillum warns that less Fed intervention will result in heightened volatility. He predicts that equity and credit markets could face “sharper repricing around data releases” as investors adjust to fewer explicit policy commitments.

Consequently, Gillum advises that a less accommodative central bank will force “greater price discovery in risk assets.” Summing up the unpredictability of this incoming policy regime, Gillum aptly quotes Mike Tyson: “Everyone has a plan until they get punched in the mouth.”

Upcoming Economic DataHere's what investors will be keeping an eye on Tuesday.

Commodities, Crypto, And Global Equity MarketsCrude oil futures were trading higher in the early New York session by 3.05% to hover around $101.06 per barrel.

Gold Spot US Dollar fell 0.76% to hover around $4,698.85 per ounce. Its last record high stood at $5,595.46 per ounce. The U.S. Dollar Index spot was 0.31% higher at the 98.2540 level.

Meanwhile, Bitcoin (CRYPTO: BTC) was trading 0.20% higher at $80,924.53 per coin, as per the last 24 hours.

Asian markets closed lower on Tuesday, except Japan's Nikkei 225 index. Australia's ASX 200, India’s Nifty 50, South Korea's Kospi, China’s CSI 300, and Hong Kong's Hang Seng indices fell. European markets were also lower in early trade.

Photo courtesy: Shutterstock

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GoPro, Inc. continues to face persistent revenue declines and margin pressure, with Q1 revenue down 26% and gross margin at a weak 4.3%. GPRO's recent cost-cutting efforts have not offset falling sales; adjusted EBITDA remains negative, and cash burn persists despite operating cost reductions. Strategic alternatives are now being pursued, including a potential sale, as the board and CEO acknowledge the brand's remaining value amid ongoing business contraction.

, /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) and Dive with Buddy, Inc. today announced the launch of GoPro Escapes—a new collection of exclusive, creator-led group dive travel experiences now available for online booking at BookWithBuddy.com and on the Buddy mobile app. 

GoPro Escapes—a new collection of exclusive, creator-led group dive travel experiences now available for online booking.

Shot on GoPro’s new MISSION 1 Series. GoPro Escapes are curated multi-day dive trips hosted by GoPro Athletes, underwater storytellers, and professional dive guides in top global destinations chosen for marine life, visibility, and adventure. Each escape offers small-group experiences of 10–40 guests, with comprehensive packages covering accommodations, guided dives, workshops, and the signature GoPro experience.

The launch marks the next chapter of GoPro Escapes, bringing together world-class diving, storytelling, and adventure travel in one centralized destination. Through Dive with Buddy, the global dive community can now discover and reserve official GoPro Escapes experiences—from liveaboards in remote destinations to curated dive expeditions designed for creators and explorers.

The first wave of GoPro Escapes launches across the Americas and Asia-Pacific, with trips expected in Cozumel, Hawaii, Fiji, Raja Ampat, the Maldives, Malaysia, and other premier dive destinations throughout 2026. 

Whether participants are divers, creators, or adventurers looking to capture unforgettable underwater moments, GoPro Escapes are now easier to find and book than ever before. Divers can browse every upcoming GoPro Escape on a dedicated landing page at BookWithBuddy.com, or discover and book them through the Buddy app—where they can also find other dive trips, tours, and courses, and connect with fellow dive buddies worldwide.

"GoPro Escapes bring together adventure, creativity, and community in some of the most incredible underwater locations in the world. Partnering with Dive with Buddy gives our global dive community a simple, dedicated place to discover these experiences, connect with one another, and turn their dives into powerful stories," said Rick Loughery, GoPro's SVP of Global Marketing and Digital Commerce.

All GoPro Escapes live at bookwithbuddy.com/gopro-escapes. Dive shops and operators—including existing GoPro retailers—can now list their multi-day trips as GoPro Escapes by registering at business.bookwithbuddy.com/register. Once approved by GoPro, operators can publish GoPro Escapes with branded booking pages on Buddy's platform.

GoPro Escapes was created to unite diving, storytelling, and adventure travel. Each experience gives participants the opportunity to explore extraordinary underwater destinations while learning how to capture their dives using GoPro cameras.

Together, GoPro and Dive with Buddy are combining storytelling, adventure, and community into a dedicated platform built for divers worldwide. Each GoPro Escapes experience is built around three core pillars:

Adventure: Explore some of the most extraordinary underwater environments on the planet. Storytelling: Learn how to capture cinematic underwater footage using GoPro cameras, mounts, and creative techniques. Community: Dive alongside creators, explorers, and storytellers who share a passion for the ocean. "At Buddy, we want to offer our community a variety of curated trips and experiences where they can meet new buddies and share their love for the ocean. GoPro was the perfect partner for that—they bring the same passion for adventure and storytelling that our community lives and breathes," said Alexis Jabbour, CEO and Founder of Dive with Buddy. "For divers, this means you can discover and book incredible GoPro-curated trips in one place. For dive shops, this is a new way to grow your business with the backing of one of the most recognized brands in adventure."

Explore upcoming trips, discover new destinations, and reserve your place on the next adventure here.

See GoPro at the 2026 SCUBA SHOW
Visit GoPro at the 2026 SCUBA SHOW in Long Beach, California, May 30–31 at stand #158, where attendees can get hands-on with cameras from GoPro's new MISSION 1 Series product line. GoPro will also take the stage for two seminars, "Beneath the Surface: A first look at the next evolution of GoPro," showcasing the next generation of GoPro underwater capture—featuring new camera technology, powerful tools, and diver-focused techniques, plus GoPro PADI Distinctive Specialty courses that help elevate how divers shoot, edit, and tell their stories.

About GoPro Escapes
GoPro Escapes are exclusive group experiences featuring creator-led adventures hosted by GoPro Athletes and pro guides, bucket-list destinations chosen for marine life and adventure, underwater filming workshops and content creation opportunities, and small groups designed for connection and shared ocean experiences.

About Dive with Buddy
Dive with Buddy is the community app and real-time booking marketplace for the water adventure industry. Through BookWithBuddy.com and the Buddy app, divers and ocean lovers discover, connect, and book experiences from dive shops and marine tourism operators worldwide. In the Buddy app, you can book trips, tours, and courses — and meet new dive buddies in your local area or when planning trips around the world. Learn more at bookwithbuddy.com and divewithbuddy.com.

About GoPro, Inc. (NASDAQ: GPRO)
GoPro helps the world capture and share itself in immersive and exciting ways.

Connect with GoPro on Instagram, YouTube, TikTok, Facebook, X, LinkedIn, and GoPro's blog, The Current. Members of the press can access official logos and imagery on our press portal. For more information, visit GoPro.com. 

GoPro, HERO, MAX, MISSION and their respective logos are trademarks or registered trademarks of GoPro, Inc. in the United States and other countries.

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