Track market-moving stories before they get noisy

Ryder (R - Free Report) came out with quarterly earnings of $3.73 per share, beating the Zacks Consensus Estimate of $3.7 per share. This compares to earnings of $3.32 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +0.81%. A quarter ago, it was expected that this truck leasing company would post earnings of $2.29 per share when it actually produced earnings of $2.54, delivering a surprise of +10.92%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Ryder, which belongs to the Zacks Transportation - Equipment and Leasing industry, posted revenues of $3.35 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.14%. This compares to year-ago revenues of $3.19 billion. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Ryder shares have added about 44.4% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for Ryder?While Ryder has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Ryder was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.23 on $3.36 billion in revenues for the coming quarter and $14.73 on $13.22 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Equipment and Leasing is currently in the bottom 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Freightcar America (RAIL - Free Report) , has yet to report results for the quarter ended June 2026.

This rail car maker is expected to post quarterly earnings of $0.01 per share in its upcoming report, which represents a year-over-year change of -90.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Freightcar America's revenues are expected to be $109.92 million, down 7.3% from the year-ago quarter.

Guardant Health (GH - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis provider of oncology testing services is expected to post quarterly loss of $0.40 per share in its upcoming report, which represents a year-over-year change of +9.1%.

Revenues are expected to be $316 million, up 36.2% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.52% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. 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.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Guardant Health?For Guardant Health, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -4.48%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that Guardant Health will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Guardant Health would post a loss of$0.47 per share when it actually produced a loss of -$0.45, delivering a surprise of +4.26%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Guardant Health doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Shares of grocer Albertsons sank nearly 15% on Thursday after the company lowered its fiscal 2026 outlook, citing softer demand and a more cautious consumer.

The company said it is now "moving decisively" to invest in the customer experience because it believes that will improve its growth trajectory.

"In the first quarter, our digital and pharmacy businesses continued to deliver strong growth, while core grocery faced increasing pressure from softer industry unit trends and a more cautious consumer," CEO Susan Morris said in a statement.

The company's outlook cut comes amid broader signs that U.S. consumers have scaled back their grocery trips. Food inflation and tighter budgets due to high gas prices, among other factors, appear to be hurting spending.

For the full year, Albertsons said it now expects net income between $1.75 and $1.85 per share, down significantly from its previous expectation of between $2.22 and $2.32 per share.

It also lowered its adjusted EBITDA guidance to a range of between $3.55 billion and $3.625 billion, compared to a previous projection of between $3.85 billion and $3.925 billion. It also now expects identical sales, a metric similar to comparable sales, to be in a range of down 0.5% to 1.5%, compared to a previous expectation of flat to up 1%.

For the first fiscal quarter of the year, the company reported that identical sales fell 0.8%. Albertsons reported net income of $84.7 million, or 17 cents per share, compared to $236.4 million, or 41 cents per share, in the year-ago period.

Still, Morris said on a call with analysts that while the pressure on consumers is weighing on near-term earnings, the company aims to "improve traffic, units, loyalty and the overall trajectory of the business over time."

The market expects Baxter International (BAX - Free Report) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis drug and medical device maker is expected to post quarterly earnings of $0.36 per share in its upcoming report, which represents a year-over-year change of -39%.

Revenues are expected to be $2.79 billion, down 0.6% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.53% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. 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.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Baxter?For Baxter, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.99%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that Baxter will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Baxter would post earnings of $0.31 per share when it actually produced earnings of $0.36, delivering a surprise of +16.13%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Baxter doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerAnother stock from the Zacks Medical - Products industry, Tilray Brands, Inc. (TLRY - Free Report) , is soon expected to post loss of $0.02 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of -110%. Revenues for the quarter are expected to be $258.13 million, up 15% from the year-ago quarter.

The consensus EPS estimate for Tilray Brands has remained unchanged over the last 30 days. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -100.00%.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Tilray Brands will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Wall Street expects a year-over-year increase in earnings on higher revenues when LPL Financial Holdings Inc. (LPLA - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on July 30, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis company is expected to post quarterly earnings of $5.39 per share in its upcoming report, which represents a year-over-year change of +19.5%.

Revenues are expected to be $5.03 billion, up 34.1% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.63% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. 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.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for LPL Financial?For LPL Financial, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.27%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that LPL Financial will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that LPL Financial would post earnings of $5.49 per share when it actually produced earnings of $5.60, delivering a surprise of +2.00%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

LPL Financial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerEvercore (EVR - Free Report) , another stock in the Zacks Financial - Investment Bank industry, is expected to report earnings per share of $3.02 for the quarter ended June 2026. This estimate points to a year-over-year change of +24.8%. Revenues for the quarter are expected to be $993.52 million, up 18.4% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Evercore has remained unchanged. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Evercore will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Wall Street expects a year-over-year increase in earnings on higher revenues when Darling Ingredients (DAR - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis producer of natural ingredients from edible and inedible bionutrients is expected to post quarterly earnings of $1.45 per share in its upcoming report, which represents a year-over-year change of +1511.1%.

Revenues are expected to be $1.8 billion, up 21.8% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 14.25% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. 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.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Darling?For Darling, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Darling will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Darling would post earnings of $0.56 per share when it actually produced earnings of $0.83, delivering a surprise of +48.21%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Darling doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerAnother stock from the Zacks Food - Miscellaneous industry, Mondelez (MDLZ - Free Report) , is soon expected to post earnings of $0.67 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of -8.2%. Revenues for the quarter are expected to be $9.21 billion, up 2.5% from the year-ago quarter.

The consensus EPS estimate for Mondelez has been revised 6.8% lower over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +0.97%.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Mondelez will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

The integration creates a seamless, automated path from a customer's first voice interaction to kitchen fulfillment, across drive-thru, phone, kiosk, and in-car channels, in more than 100 languages.

, /PRNewswire/ -- Deliverect, the global restaurant technology platform serving more than 80,000 locations worldwide, today announced a partnership with SoundHound AI (Nasdaq: SOUN), a global leader in voice and agentic AI, to fully automate restaurant voice ordering from the moment a customer speaks to the moment the kitchen receives the order.

The integration connects SoundHound Smart Ordering directly to Deliverect's order and menu management platform. SoundHound's voice AI agents pull real-time menu and location data from Deliverect, capture orders flawlessly across every voice channel, and route them straight to kitchen fulfillment through Deliverect's certified POS integrations. Voice in, order out, with no manual re-entry, no handoff errors, and no added burden on restaurant teams.

Closing the gap between a customer's voice and the kitchen

Until now, the journey from a spoken order to the kitchen has involved staff, manual re-entry, and multiple points of failure. During peak hours, when teams are stretched thin, that fragility translates directly into lost revenue: missed or abandoned phone calls, order errors, and inconsistent experiences across drive-thru, phone, kiosk, and digital channels.

The partnership eliminates those failure points by turning the entire journey into a single automated loop. AI voice agents answer every call and capture every order, while menu accuracy is maintained in real time directly from Deliverect, with no manual updates needed across channels.

For operators, the outcomes are tangible: higher order capture rates with no missed calls, consistent upselling and limited-time-offer promotion across every ordering channel, faster throughput and reduced wait times, and staff freed up from answering phones to focus on cooking and taking care of guests in person.

Any market, any POS, no custom builds

Historically, one of the biggest obstacles to scaling voice ordering internationally has been the cost and complexity of building direct POS integrations market by market. Deliverect removes

that obstacle. With more than 550 POS integrations across over 50 countries, Smart Ordering can go live in any market, on virtually any POS, without custom development.

Combined with support for more than 100 languages, the partnership gives international restaurant groups a future-proof ordering infrastructure that scales across channels, markets, and languages, without rebuilding for every new touchpoint or region. As customer expectations shift toward voice-first and self-service experiences, operators running Deliverect and Smart Ordering are already there.

Mike Lauricella, VP of Channel Partnerships at SoundHound AI, said: "The future of restaurant hospitality relies on automation and convenience. Partnering with Deliverect allows us to deeply embed SoundHound's AI voice agents into the restaurant tech stack. By syncing critical menu and location data, our AI voice agents can handle order placement flawlessly, reducing front-of-house strain and delivering a seamless customer experience."

Don MacMillan, Head of Partnerships for the US and Canada at Deliverect, said: "Voice is the oldest ordering channel in the restaurant business, and until now it's been the least automated. This partnership changes that. By connecting SoundHound's AI voice agents directly to Deliverect, every spoken order, whether it comes through the drive-thru, a phone call, or a kiosk, flows straight into the kitchen with the same accuracy and speed as a digital order. For operators, that means no more missed calls, no more re-keying, and teams that can focus on hospitality instead of handsets. It's a major step toward the fully connected restaurant we're building with our partners."

About SoundHound AI

SoundHound AI (Nasdaq: SOUN) is a voice and agentic AI company that enables businesses to deliver natural, end-to-end conversational experiences across digital and physical channels, including phones, kiosks, chat, smart devices, drive-thrus, TVs, in-vehicle, and more. Its agentic platform, OASYS, is a self-learning, orchestrated AI system where organizations can build and deploy conversational AI agents to handle transactions, tasks, and workflows on behalf of customers and employees. Built on proprietary technology backed by 400+ patents and years of AI research, SoundHound serves leading brands across industries including automotive, financial services, healthcare, retail, telecommunications, and more. It powers millions of products and processes billions of interactions annually for enterprise customers worldwide. Learn more at: www.soundhound.com

About Deliverect

Deliverect is a global restaurant technology company that connects digital ordering channels directly to in-store operations, serving more than 80,000 restaurant locations worldwide. With an API-first platform and over 1,000 certified integrations, Deliverect streamlines digital ordering across carryout, delivery, catering, and in-store fulfillment. It is the only digital ordering platform to have earned DoorDash's Excellent integration rating. By leveraging AI-driven innovation, Deliverect empowers restaurants to anticipate demand, recover lost revenue, and grow smarter at scale. The company processes 30 million API calls daily, has powered 1.5+ billion orders to date, and is trusted by many of the world's largest and most innovative restaurant brands. To learn more, visit deliverect.com.

Media Contact: Oier Fano Dadebat Senior Content Marketing Manager, PR & Communications, Deliverect [email protected]

SOURCE Deliverect

Tractor Supply (TSCO - Free Report) came out with quarterly earnings of $0.81 per share, missing the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -2.41%. A quarter ago, it was expected that this retailer for farmers and ranchers would post earnings of $0.35 per share when it actually produced earnings of $0.31, delivering a surprise of -11.43%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Tractor Supply, which belongs to the Zacks Retail - Miscellaneous industry, posted revenues of $4.54 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.64%. This compares to year-ago revenues of $4.44 billion. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Tractor Supply shares have lost about 41.3% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for Tractor Supply?While Tractor Supply has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Tractor Supply was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.49 on $3.86 billion in revenues for the coming quarter and $2.08 on $16.16 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Miscellaneous is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Arhaus, Inc. (ARHS - Free Report) , is yet to report results for the quarter ended June 2026.

This company is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of -36%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Arhaus, Inc.'s revenues are expected to be $366.37 million, up 2.2% from the year-ago quarter.

Space Exploration Technologies (SPCX -1.08%) had to abort its 13th Starship test flight after some of its engines failed to ignite. Starship is SpaceX's fully reusable super-heavy-lift vehicle, and once it's ready to operate commercially, it could significantly reduce the cost of putting payloads into space, such as Starlink satellites or orbital data center satellites. Getting it off the ground (pun intended) will be key to the company achieving revenue growth and earnings that meet the market's high expectations.

SpaceX will have another go at the Starship test launch, and many more tests and launches will come over the next few years. A single aborted launch does not significantly impact the company's long-term viability.

The bigger risk to SpaceX and its investors involves what will happen if it successfully brings Starship into service: The company will need to raise massive amounts of capital over the better part of the next decade, even based on some of the most bullish outlooks for the business.

Image source: Getty Images.

This SpaceX bull just highlighted a major risk to the stock Morgan Stanley analysts have put a $300 price target on SpaceX stock. They cite its "near-monopoly launch economics," which will enable its satellite connectivity and AI businesses to scale up at a cost advantage.

Indeed, SpaceX can already launch its low earth orbit satellites for Starlink at a lower cost than any rival. And its technology also enables it to launch rockets at a higher cadence than anyone else. It can build faster and cheaper than anyone in the rocket launch industry.

But SpaceX is competing with terrestrial telecom companies and data centers. That's why Starship, which can carry much larger payloads and can be rebuilt and relaunched faster than SpaceX's current Falcon rockets, will be essential to scaling the business further.

Morgan Stanley sees Starship opening the door to serious revenue growth, but it will also require substantial capital to scale that business to the levels its analysts estimate. In fact, the analysts don't expect SpaceX to produce positive free cash flow until 2035. They estimate the company's average cash burn at $84 billion per year between 2027 and 2034, with capital expenditures peaking in 2031 at $300 billion.

In other words, SpaceX will need to raise about $700 billion in additional capital. "If debt markets cannot absorb this financing need, SpaceX may need to issue equity, reduce growth investment, or slow deployment," lead analyst Adam Jonas wrote in his note to investors.

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Importantly, SpaceX isn't the only tech company with significant financial demands. We've seen the major hyperscalers issue both debt and equity this year to raise cash to fund their AI data center build-outs. Meanwhile, the Federal Reserve is considering raising interest rates this year due to elevated inflation.

As a result, the cost of capital is rising. That could mean SpaceX will have to pay higher interest rates on whatever bonds it issues. Or, if the bond market cannot absorb another $700 billion of SpaceX's debt, its stock price will likely decline as it dilutes shareholders by raising funds via new equity issues.

The other option would be for SpaceX to raise less capital and slow its Starship, Starlink, and orbital data center build-outs. But that will lead to slower growth and, subsequently, a lower stock price.

SpaceX's capital requirements are a huge overhang on the stock, no matter how it raises that cash. Investors need to be aware of that risk, even if they're bullish on the technology.

Meta Platforms stock is under selling pressure. Why are META shares declining? Earnings Preview & HistoryMeta is scheduled to report second-quarter earnings on July 29. Analysts estimate EPS of $7.18 along with revenue of $60.22 billion. For the prior quarter, Meta Platforms reported EPS of $7.31, beating the consensus estimate of $6.67. The company also posted revenue of $56.31 billion, exceeding the consensus estimate of $55.54 billion.

Meta Platforms has beaten EPS estimates in eight consecutive quarters. Over the last four quarters, the company has averaged an EPS surprise of 0.12% and a revenue surprise of 0.03%.

What To WatchInvestors will be watching Meta’s family-of-apps user trends for early signs that Europe’s youth-access restrictions are affecting engagement, since even small usage shifts can ripple into ad inventory and pricing. Advertising revenue growth relative to pricing and impressions is another key area to track, given the $60.22 billion revenue target hinges on strong ad demand alongside Reels and AI-driven discovery.

Updates on AI monetization, including Advantage+ performance and returns on AI infrastructure spending, will also be closely followed as the market focuses on the gap between AI investment and results.

A Death Cross Still Casts a Shadow Over Meta StockMeta is trading 0.8% below its 20-day SMA ($615.93) and 0.9% below its 100-day SMA ($616.32), while holding 0.8% above its 50-day SMA ($606.09). That "tug-of-war" positioning often produces choppy trade, and it helps explain why the stock can feel heavy on down-futures mornings even if the longer trend isn’t breaking.

RSI is the cleaner momentum read right now: at 51.71, it’s basically neutral, which fits a stock that’s consolidating rather than trending hard. In plain terms, RSI helps gauge whether buying or selling has gotten stretched; near-50 readings usually mean neither side has clear control.

The bigger-picture trend is still mixed: the 20-day SMA is above the 50-day SMA (a near-term bullish tilt), but the death cross from December 2025 (50-day SMA below the 200-day SMA) keeps the longer-term trend filter cautious. Zooming out, the stock remains 4.4% below its 200-day SMA ($639.20), and that overhead area can act like "gravity" on rebounds.

From a levels standpoint, traders will likely keep an eye on nearby pivots:

Key Resistance: $643.00 — a nearby round-number zone that also sits close to the 200-day moving-average area, where rebounds can stall Key Support: $577.00 — a nearby prior demand zone that sits well above the $520.26 52-week low, but would matter if selling pressure builds Analyst Consensus & Recent ActionsThe stock carries a Buy rating with an average price forecast of $820.81. Recent analyst moves include:

Raymond James: Strong Buy (Raises Target to $850.00) (July 21) Wells Fargo: Overweight (Raises Target to $835.00) (July 21) Rothschild & Co: Buy (Raises Target to $1000.00) (July 21) Meta Shares SlipMETA Price Action: At the time of publication, Meta shares are trading 2.76% lower at $609.82, according to data from Benzinga Pro.

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The comments suggest SpaceX is becoming more than a technology partner—it is increasingly part of Tesla’s roadmap for artificial intelligence.

SpaceX’s Grok is Becoming Part of Tesla’s AI stackOne of the biggest revelations came when Musk described how Tesla’s Digital Optimus project works.

“SpaceX’s Grok, sort of the big model that is the manager of Digital Optimus and tells Digital Optimus what to do,” Musk said while explaining Tesla’s effort to build a software version of its humanoid robot.

According to Musk, Digital Optimus allows Tesla to train AI systems to operate computers in much the same way Full Self-Driving software learns to operate vehicles. Grok provides the higher-level instructions, while Tesla’s AI systems execute those tasks in real time before those capabilities are transferred to physical Optimus robots.

The comments offered one of Tesla’s clearest explanations yet of how it plans to combine large language models with autonomous robotics.

The Partnership Goes Beyond AIMusk said Tesla’s upcoming Cybercab will integrate Starlink connectivity, with plans to expand the satellite internet service to Tesla’s broader vehicle lineup where available. The goal is to ensure reliable connectivity for autonomous vehicles, particularly in areas where traditional cellular networks remain unreliable.

High-bandwidth connections could also enable passengers to stream entertainment or work while riding in autonomous vehicles.

Tesla also disclosed that it recently expanded its relationship with SpaceX through an investment and a new framework agreement, which executives said will support joint projects including Terafab and Digital Optimus.

A Bigger AI Ecosystem is EmergingThe collaboration doesn’t stop with software or connectivity.

Musk said Tesla’s proposed Terafab semiconductor initiative is aimed at developing advanced AI chips for Optimus, while also confirming SpaceX is involved in the effort. Separately, he described plans for AI “Megapods” that combine Tesla AI computers with conventional servers, allowing compute infrastructure to be deployed wherever electricity is available.

Taken together, the earnings call suggested Musk is building something larger than two separate companies sharing technology. Instead, Tesla increasingly appears to be leveraging SpaceX’s AI models, satellite network and engineering capabilities to accelerate its push into autonomous driving, robotics and AI infrastructure.

For investors, that could become one of the more important long-term takeaways from Tesla’s earnings. While quarterly results focused on vehicle sales and margins, Musk spent much of the call describing an ecosystem where SpaceX and Tesla are becoming increasingly interconnected as they pursue the next phase of AI development.

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I keep hitting the buy button on Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) because the business behaves like a tollbooth on the entire internet, and every quarter the toll gets higher while the road gets wider. Warren Buffett appears to have arrived at the same conclusion. I got there first for my own account, and I am still adding.

The pitch is simple. Google Search is a self reinforcing flywheel. More queries feed better data, better data sharpens targeting, sharper targeting draws more advertising dollars, and those dollars fund the next turn of the wheel. Buffett views Alphabet’s moat through the search network flywheel and the capital scale that lets the company fund custom AI chips and global data centers straight out of cash flow. Smaller competitors cannot match that without crippling themselves. I want to own the tollbooth.

The Receipts Behind the Conviction Start with the flywheel itself. In the first quarter of fiscal 2026, Google Search & other revenue reached $60.40 billion, up 19%, and Pichai told shareholders “queries at an all time high”. That is a two decade old business still compounding at scale.

Then the second engine. Google Cloud revenue grew 63% to $20.03 billion, and backlog nearly doubled quarter on quarter to over $460 billion. Cloud growth has climbed from 32% to 34% to 48% to 63% across the last four quarters. Backlog of that size is a customer signing a promise to pay Alphabet years into the future.

The economics of this machine are what keep me buying. Return on equity sits at 38.9%, profit margin at 37.9%, and operating margin at 36.1%. EPS of $5.11 crushed the $2.63 consensus, the fourth consecutive beat. Over the trailing year, the stock is up 83.14%, and I am still buying because the P/E is 26.

Why Not Microsoft or Meta The obvious alternative is Microsoft (NASDAQ:MSFT). Azure is a real cloud competitor, but I pass because Microsoft trades at a price to sales ratio of 9.39 against Alphabet’s 10.17, yet Alphabet is compounding cloud revenue at 63% versus Microsoft’s 18.3% overall quarterly revenue growth. I am paying a similar sales multiple for faster growth and a wider consumer moat.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn't make the cut. Grab the names FREE today.

Meta Platforms (NASDAQ:META) is the other name I hear. It trades at a P/E of 23, cheaper than Alphabet on paper. My problem is concentration. Meta’s revenue is essentially all advertising, with no cloud franchise to catch the enterprise AI wave. Alphabet has ads, cloud, YouTube, and Waymo. Waymo surpassed 500,000 fully autonomous rides per week. That optionality is free with the ticker.

The Real Risk The risk that keeps me awake is capital intensity. CapEx hit $35.67 billion in the quarter, up 107.44%, and 2026 guidance is $175 to $185 billion. Free cash flow fell 46.63% year over year to $10.12 billion. If AI demand disappoints, that spending becomes a stranded asset problem.

I stay long anyway because the backlog is real, operating cash flow still grew 26.67%, and the same capital scale that pressures near term free cash flow is the moat itself. Only a handful of companies on earth can write these checks from operating cash.

Alphabet owns the tollbooth, funds the next mile of road from the toll receipts, and pays me a dividend it just raised 5% to $0.22 while I wait. That is why the buy button stays warm.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

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At $390, Microsoft (NASDAQ:MSFT | MSFT Price Prediction) looks compelling to contrarians. The AI capital spending panic dragging the stock lower looks more like a setup than a warning sign. The stock has shed roughly a fifth of its value over the past year despite four straight earnings beats, giving contrarians a rare opening on a business whose contracted backlog is nearly doubling.

Microsoft sits at the center of enterprise AI adoption. Azure, Microsoft 365, and the restructured OpenAI partnership feed a single cloud franchise that produced $54.5 billion in Microsoft Cloud revenue last quarter, up 29% year over year. Shares have derated hard, sliding from $552.51 at the Q4 FY25 filing to $390.34, a trajectory that maps almost perfectly to escalating quarterly capex.

The Backlog Is Doing the Talking Commercial remaining performance obligations reached $627 billion, up 99% year over year. That is contracted revenue backed by signed customer commitments. Microsoft’s $190 billion planned calendar 2026 capex is building against signed obligations competitors do not hold.

Monetization is showing up. AI annual run rate hit $37 billion, growing 123%, while Azure ran at 40% growth and Copilot seats climbed 250% year over year. Amy Hood told analysts, “We remain confident in the return on these investments given higher demand signals and increasing product usage.” Return on equity of 33.28% and operating margin of 45.62% confirm spending has not broken profitability.

What the Capex Skeptics See The bear case is real. Q3 capex jumped to $30.88 billion, up 84.39%, and full-year FY25 free cash flow already declined 3.32% as reinvestment accelerated. At a P/E near 28 and P/FCF around 40, Microsoft is priced for the AI story to compound.

OpenAI-related losses widened to $3.1 billion in Q1 FY26 from $523 million a year earlier, and OpenAI is no longer exclusive to Azure for non-API products. More Personal Computing shrank 1%, and insiders have been net sellers across 33 recent transactions. If Azure decelerates below the high 30s, multiple compression accelerates.

Why Patience Has a Case Composite sentiment sits at 42.91, neutral with a 7-day decline of 19.38 points, and Polymarket assigns only a 44.5% probability that shares close above $390 by month-end. The next Azure growth print and Q4 capex disclosure land within days. A guide toward the “over $40 billion” quarterly capex range without matching revenue acceleration would validate the bear thesis. Confirmation of Azure holding 40% or expanding operating margin tips the picture the other way.

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The Numbers Behind the Setup Shares trade at $390.34, down 18.93% year to date and 22.13% over the past year. The S&P 500 gained 9.6% year to date and 18.85% over the same twelve months. The gap is roughly 40 points of relative underperformance during accelerating fundamentals.

Consensus analyst target sits at $557.79, implying 43% upside. The full-chain put/call ratio of 0.44 shows options traders are not positioned for further crash, and Polymarket puts 89.5% probability on a Q4 earnings beat.

At $390, the Contrarian Setup The path to price appreciation is mechanical. A $627 billion contracted backlog converts to revenue on schedule, and management has committed the capacity to service it. Hood said Microsoft expects “another year of double-digit revenue and operating income growth in FY ’27” and supply will “remain constrained at least through 2026.” Constrained supply against contracted demand creates a favorable pricing environment.

Buying a business earning a 33.28% return on equity with interest coverage above 53 times at a P/E in the high 20s reflects a market multiple for elite compounding on a stock that has already given back the froth. Reddit’s most engaged recent post asked whether “MSFT at $385 an absolute steal right now” and sustained bullish traction for nine days running.

The thesis breaks if Azure growth prints below the mid-30s, if capex intensity climbs without matching bookings, or if OpenAI losses meaningfully compress consolidated margins. None are visible in current data. The market is pricing spending as sin while the customer is signing the check, and that gap defines the contrarian opportunity.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Grab the names FREE today.

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Boeing (NYSE:BA | BA Price Prediction) shares were last seen trading near $210, off 4.3% over the past week and 8.7% lower over the past year. Wall Street sees a turnaround worth buying: analysts carry a consensus price target of $270.08, with 78% of ratings bullish and only one strong sell in the mix. Reddit, meanwhile, is unmoved. Boeing’s aggregate sentiment score sits at 42, a neutral read that leans cautious.

Boeing’s Q1 report told the story fueling institutional optimism: $22.22 billion in revenue, up 14%, 143 commercial deliveries, and $6.95 billion of debt repaid in a single quarter, taking consolidated debt to $47.2 billion. Backlog reached $695 billion. Retail investors, however, are looking at the same filing and seeing a $1.5 billion free cash flow burn and a Commercial Airplanes segment still running at a 6.1% negative operating margin.

Why Boeing’s Reddit Crowd Stays Skeptical Discussion volume is thin: Boeing chatter clusters in r/stockmarket rather than the speculative corners of Reddit, and activity levels register as low outside a single Tuesday morning spike. The dominant thread over the past few days is a news post titled “Boeing asks US to intervene over record EU loan to Airbus,” which has drawn 556 upvotes and 98 comments. The framing, Boeing complaining about competitor subsidies rather than winning on product, sums up the retail mood.

What is keeping sentiment stuck near neutral:

Commercial Airplanes is still losing money at the segment level, with a negative 6.1% operating margin in Q1. Free cash flow swung back to a $1.5 billion outflow after two positive quarters, denting the recovery narrative. The 777X first delivery has slipped to 2027, and 737-7 and 737-10 certifications are still pending. Lockheed’s Steady Profits Sharpen the Contrast Defense peer Lockheed Martin (NYSE:LMT) runs a consistently profitable book while Boeing’s Defense, Space & Security unit only recently returned to positive territory at $233 million in operating earnings. That gap explains why retail investors treat Boeing as a “show me” story even as sell-side analysts lean in.

The Catalyst Boeing Needs The near-term test arrives fast. Polymarket traders assign a 65% probability that Boeing beats its next quarterly earnings, with the market resolving July 28, 2026. A clean quarter with positive cash flow would give the Reddit crowd something harder to ignore than a subsidy dispute with Airbus.

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Flight Path to Profits: American Airlines Bets on SpaceXAmerican Airlines Group NASDAQ: AAL reported record quarterly revenue in the second quarter of 2026, as executives said gains from commercial initiatives helped offset a sharp year-over-year increase in fuel costs.

Chief Executive Officer Robert Isom said the airline delivered revenue growth of more than 16% from a year earlier, with improvement across every region served and every cabin offered. He attributed the results to American’s four-part commercial strategy: improving the customer experience, growing the global network, driving premium revenue and leading in loyalty.

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Boarding Passes Now Being Issued for the Ultimate eVTOL Arbitrage“This outstanding broad-based revenue performance reflects the strength of our commercial strategy,” Isom said. He added that the quarter’s revenue performance helped offset nearly 50% of a $2.2 billion year-over-year increase in fuel expense.

The company ended the quarter with more than $11 billion in available liquidity, and Chief Financial Officer Devon May said American finished the period with $11.3 billion of liquidity. May said the airline expects to produce positive free cash flow for the full year at the midpoint of its current guidance and to end 2026 with lower net debt than at the start of the year.

Fuel Costs Pressure Outlook Sky Wars: United's Predator Play for AmericanFuel was the central challenge discussed on the call. May said second-quarter fuel expense increased more than $2.2 billion, or 83%, from a year earlier. He said fuel forecasts had worsened quickly in recent weeks, with expected third-quarter fuel expense rising more than $700 million since the beginning of July and nearly $230 million in the prior week alone.

Based on the forward curve as of July 21, American expects an average fuel price of about $3.75 per gallon in the third quarter, which would result in a $1.7 billion year-over-year increase in fuel expense for the quarter.

As a result, American now expects third-quarter capacity to rise 3% to 5% year-over-year, about two percentage points lower at the midpoint than originally planned. May said the company will continue to evaluate capacity based on fuel prices and demand trends.

The airline guided to a third-quarter adjusted loss per diluted share of $0.70 to $0.10. For the full year, American adjusted its guidance to a range between a loss of $0.65 and a profit of $0.65 per diluted share. Isom said the company expects full-year adjusted earnings to be breakeven at the midpoint despite an anticipated nearly $6 billion year-over-year fuel headwind.

Revenue Strength Broad-Based Across Regions Chief Commercial Officer Nat Pieper said total revenue increased 16.3% year-over-year in the quarter, reaching the high end of the airline’s initial guidance. He said all geographic regions exceeded the company’s initial expectations.

Domestic unit revenue increased nearly 11%, with Washington National, Dallas Fort Worth and Los Angeles cited as standouts. Atlantic unit revenue rose about 9%, led by London. Pacific unit revenue increased 15%, with Japan described as noteworthy. Latin America unit revenue rose about 7%, supported by a recovery in Mexico beach demand. Pieper said customer experience metrics also improved. Total Net Promoter Score increased five points year-over-year, and for on-time flights, NPS improved for the 15th time in 17 months. He also cited a 7% year-over-year improvement in the ACSI survey.

The airline plans to install Starlink high-speed Wi-Fi on its fleet beginning in 2027. Pieper said connectivity is increasingly important to customers and that such investments strengthen American’s competitive position.

Premium and Loyalty Remain Key Priorities American emphasized premium demand as a key driver of its strategy. Pieper said premium unit revenue increased more than 13% year-over-year, driven by strong leisure and corporate demand. Main cabin unit revenue increased nearly 9% and accelerated during the quarter.

In response to an analyst question, Pieper said premium revenue rose 19% in the quarter, compared with a 15% increase in non-premium revenue. He said premium accounts for nearly half of ticketed revenue on roughly 30% of seats. He also said nearly 60% of American’s revenue comes from households earning $150,000 or more, which he described as demand more likely to hold up during economic uncertainty.

The airline is expanding premium capacity through new Boeing 787-9 and Airbus A321XLR deliveries, as well as retrofit programs on 777-300ER, 777-200ER, A320 and A319 aircraft. Pieper said lie-flat and premium economy capacity grew nearly twice as fast as main cabin capacity during the quarter.

Corporate demand was another area of strength. Pieper said managed corporate revenue rose 26% from a year earlier, marking the fifth consecutive quarter of double-digit growth. In response to a media question about Southwest Airlines’ efforts to attract corporate customers, Pieper said American’s managed corporate revenue, small and medium business product and travel management company business were all growing, adding, “We’re not losing it.”

The AAdvantage loyalty program also posted growth. Pieper said enrollments increased more than 30% year-over-year in the second quarter, surpassing the record growth achieved in the first quarter. He said the largest enrollment gains occurred in New York City, Chicago and Los Angeles, with international growth also strong. Co-branded card spending across American’s Citi portfolio grew 8% year-over-year.

Network, Fleet and Balance Sheet Plans American executives said the airline is focused on improving hub performance and selectively growing its network. Pieper said a new bank structure at Dallas Fort Worth, implemented in April, has reduced systemwide misconnects by nearly 25% year-over-year and helped DFW unit revenue outperform the system average by about four points.

The airline also launched new routes from Philadelphia to Budapest and Prague, and from Dallas Fort Worth to Athens. Pieper said American resumed service to Venezuela with flights to Caracas and Maracaibo, describing the airline as the first U.S. carrier to do so.

May said American expects to take delivery of 48 new aircraft this year and continues to expect about $4 billion in capital expenditures for 2026. In response to an analyst question, he said 2027 capital expenditures are likely to be around $4.5 billion, while noting that some delivery schedules later in the decade still need smoothing.

On the balance sheet, May said American completed about $1.3 billion in incremental financings during the second quarter, bolstering liquidity and addressing its only meaningful 2027 maturity. He said the company’s longer-term goals remain reducing total debt to inside $35 billion, bringing net debt well inside $30 billion and achieving a double-B credit rating, which would require net debt to EBITDA inside three turns.

Isom closed by saying American remains focused on execution, customer service and long-term value creation. He said the company still has work to do but is seeing momentum from its strategy and expects additional progress in 2027 and beyond.

About American Airlines Group (NASDAQ:AAL)American Airlines Group Inc is a leading global airline holding company headquartered in Fort Worth, Texas. Formed in December 2013 through the merger of AMR Corporation (parent of American Airlines) and US Airways Group, the company operates one of the world's largest passenger and cargo networks. Its subsidiaries include American Airlines, which provides mainline service, and American Eagle, a network of regional carriers operating short- and medium-haul routes on behalf of the mainline carrier.

The company offers scheduled air transportation for passengers and cargo to more than 350 destinations in over 50 countries.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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

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Investigational MonumenTAL-6 trial is the first and only Phase 3 study of a dual antigen, BCMA and GPRC5D targeting regimen in relapsed/refractory multiple myeloma Fifth positive Phase 3 study evaluating Johnson & Johnson's multiple myeloma T-cell therapy portfolio in second line, further strengthening the company's leadership and commitment to advancing immunotherapy-based regimens earlier in the treatment journey RARITAN, N.J., July 23, 2026 /PRNewswire/ -- Johnson & Johnson (NYSE: JNJ), a worldwide leader in multiple myeloma therapies, today announced positive topline results from the three-arm investigational Phase 3 MonumenTAL-6 study evaluating TECVAYLI® (teclistamab-cqyv) + TALVEY® (talquetamab-tgvs), a BCMA and GPRC5D dual antigen targeting regimen, and TALVEY® + pomalidomide in adult patients with relapsed or refractory multiple myeloma (RRMM) who received 1 to 4 prior lines of therapy, including an anti-CD38 antibody and lenalidomide.1 The study demonstrated statistically significant and clinically meaningful improvements in progression-free survival and overall survival for both investigational arms compared with investigator's choice standard of care.

, /PRNewswire/ -- GE Aerospace (NYSE: GE) announced today that National Airlines has committed to purchase one GE90-110B and six CF6-80C2 engines to power their Boeing 777F/747F cargo airplanes.

National Airlines has extensive experience with GE Aerospace, already owning thirty CF6 engines and eight GE90 engines

National Airlines B777-200F

National Airlines B747-400F Mohamed Ali, President & CEO, GE Aerospace Commercial Engines & Services, said, "We're thrilled that National Airlines continues to invest in our engines after recently purchasing eight GE90 engines. These additional engines will help National meet growing cargo demand and demonstrates their continued confidence in these aircraft-engine combinations."

The GE90 engine family powers all Boeing 777 models and is the exclusive powerplant on the 777-300ER, -200LR, and Freighter. The GE90 engine features several technology firsts, including carbon fiber composite front fan blades, the world's largest front fan at 128 inches in diameter and the world-record setting thrust of 127,900 pounds during certification testing. 

National Airlines Chairman Chris Alf said, "Reliability, performance, and consistency are the foundation of successful air cargo operations, which is why National Airlines has built its freighter fleet around GE Aerospace engine technology. The addition of these CF6 and GE90 engines further strengthens our operational capability, ensuring we have the flexibility, capacity, and long-term resilience needed to support our customers' evolving requirements for years ahead."

GE Aerospace's CF6 turbofan engines collectively power nearly 70% of the world's widebody airplanes dedicated to hauling cargo. Since first entering service more than 50 years ago, the CF6 engine's technology has advanced, earning a reputation for dependability and durability which translates to an ever-ready fleet, on-time arrivals, and lower maintenance costs for customers. 

About GE Aerospace
GE Aerospace is a global aerospace propulsion, services, and systems leader with an installed base of approximately 49,000 commercial and 29,000 military aircraft engines. With a global team of approximately 53,000 employees building on more than a century of innovation and learning, GE Aerospace is committed to inventing the future of flight, lifting people up, and bringing them home safely. Learn more about how GE Aerospace and its partners are defining flight for today, tomorrow and the future at www.geaerospace.com.

About National Airlines

Established in 1991, National Air Cargo, Inc. provides premium global end-to-end logistics, freight forwarding, and charter airline services. National Airlines, the airline division of the company, is a U.S. FAA-certificated Part 121 air carrier operating a fleet of nine Boeing 747-400 freighters, four Boeing 777-200 freighters, and three passenger aircraft, including the Airbus A330-300 and A330-200.

The company provides on-demand commercial cargo and passenger charter services to more than 450 airports worldwide. From humanitarian relief missions to time-critical shipments, National Airlines delivers customized air cargo charter solutions for customers across the defense, e-commerce, automotive, energy, high-tech, fashion, pharmaceutical, oil and gas, and space technology sectors.

With offices and operational hubs in Buffalo, Orlando, Houston, Chicago, Frankfurt, Madrid Amsterdam, Dubai, Bengaluru, Kuala Lumpur, Tokyo, Shanghai, Hong Kong, and Taipei, National manages seamless global operations anytime, anywhere, always.

SOURCE National Airlines

Intel Corporation (NASDAQ:INTC) will release its second quarter earnings report after the closing bell on Thursday, July 23.

Analysts expect the Santa Clara, California-based company to report quarterly earnings of 22 cents per share, versus a loss of 10 cents per share in the year-ago period. The consensus estimate for Intel’s quarterly revenue is $14.45 billion. It reported $12.86 billion last year, according to Benzinga Pro.

On July 21, Intel and Fortinet announced a strategic collaboration to develop Fortinet Security Processor 6.

Intel shares fell 2.7% to close at $102.62 on Wednesday.

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

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Ten months ago, Oracle (ORCL -1.68%) looked unstoppable. The company had become one of Wall Street's biggest AI winners as investors bet its cloud infrastructure business would play a central role in powering AI workloads. The stock surged to record highs, briefly pushing co-founder Larry Ellison's net worth above $400 billion.

Today, the story looks very different. Oracle shares have fallen by more than 50% from their peak, wiping roughly $213 billion from Ellison's personal fortune as the market has begun to question the company's aggressive AI data center spending.

The stock is now sitting at levels it hasn't seen since April 2025. So is this a good buying opportunity? 

Why Oracle fell Demand for Oracle Cloud Infrastructure remains strong. The company continues to sign large infrastructure contracts and expand its data center capacity. In fact, its remaining performance obligations reached a record $638 billion as of May 31, the end of its fiscal 2026.

Today's Change

(

-1.68

%) $

-2.11

Current Price

$

123.73

The problem is that building AI data centers isn't cheap. Oracle dramatically increased capital spending to expand its cloud infrastructure. Capital expenditures topped $21 billion in fiscal 2026, up from about $7 billion a year earlier, and management says it expects to spend more than $25 billion in fiscal 2027. That begs the question: Will those investments generate attractive returns quickly enough to justify these mounting costs?

Those concerns intensified after S&P Global Ratings downgraded Oracle's credit rating to BBB-, just one notch above junk status. That's not a trivial development, because a lower credit rating translates into higher borrowing costs, which will make its already capital-intensive expansion strategy even more expensive. Investors are right to have concerns.

The long-term case remains intact Despite the sell-off, Oracle's underlying business hasn't suddenly broken. The cloud infrastructure unit remains one of the fastest-growing parts of the company, and demand for AI computing capacity continues to outstrip supply across much of the industry.

Image source: Getty Images.

Oracle has also carved out a unique competitive position. Rather than competing directly against Amazon Web Services, Microsoft Azure, and Alphabet's Google Cloud, Oracle increasingly partners with them.

That strategy broadens the company's addressable market while reinforcing its dominance in enterprise databases. Oracle's large backlog of signed cloud contracts also provides it with significant revenue visibility over the coming years.

Is it a buy? If you're looking for a stock that will rebound and surge over the next quarter, Oracle may not be your best choice. Investor sentiment regarding the company has clearly deteriorated, and concerns surrounding its AI infrastructure spending aren't likely to disappear overnight.

If you have a long time horizon as an investor, however, this is not a stock to ignore. Oracle is making enormous investments because management believes AI infrastructure demand will continue growing for years. If that thesis proves correct, today's elevated spending could eventually translate into significantly higher cloud revenue and cash flow.

Of course, there's still risk. If enterprise AI adoption slows, Oracle could find itself in possession of billions of dollars of expensive infrastructure that takes longer than expected to generate attractive returns.

That's why I wouldn't call Oracle a screaming bargain. But I also wouldn't dismiss it because of a difficult 10-month stretch. The market has gone from pricing Oracle as though nothing could go wrong to assuming almost everything will. Reality will likely fall somewhere in between.

Jeff Siegel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Microsoft, Oracle, and S&P Global. The Motley Fool has a disclosure policy.

Morgan Stanley stock has wavered recently, evem as the Wall Street company published strong financial results. MS was trading at $218, a few points below its all-time high of $232. This consolidation may lead to a strong rebound after a major Goldman Sachs prediction.

Morgan Stanley is benefiting from major trends in the US this year. Mega IPOs are rising, and analysts expect that merger and acquisition (M&A) deals will accelerate in the near term. 

Morgan Stanley was one of the banks that made a windfall from the recent SpaceX IPO. It is estimated that the company made over $100 million in the process.

The bank will likely benefit from more IPOs, including companies like Anthropic and OpenAI. 

Most notably, Goldman Sachs analysts predict that the merger and acquisition boom has more room to run. Announced M&A deals have jumped by 32% this year to $1.2 trillion. The number of announced deals has soared by 12% in then same period. 

In a report, the bank said that this trend will continue, helped by a steady economic growth, healthy CEO confidence, and a favorable regulatory backdrop. The bank added that: 

“Likely M&A targets should benefit from the ongoing surge in M&A activity, which does not appear to be fully priced in their valuations.”

If this is correct, then Morgan Stanley will be one of the top beneficiaries. Dealogic data estimates that it is the third in the M&A industry this year after Goldman and JPMorgan. It has been involved in deals worth over $831 billion. 

The company also ranks third in the equity capital markets (ECM) bookrunning with its deal value rising to $51 billion. It has also become a major player in debt raising industry.

These numbers are confirmed by its recent financial results, which showed that its net revenue jumped by 27% YoY to $21.3 billion. It was a $1 billion increase from the previous quarter. 

Institutional securities revenue rose by 44% to $11 billion, while its wealth and investment management rose by 14% and 6%, respectively. These ones rose to $8.8 billion and $1.6 billion. Notably, the provision for credit losses dropped to just $98 million during the quarter. Ted Pick, the CEO said:

“Differentiated content from our Research teams continues to drive high levels of client engagement. Wealth Management added a record $148 billion in net new assets, with total client assets across Wealth and Investment Management reaching the $10 trillion milestone.”

MS stock chart | Source: TradingView

Technically, however, the MS stock price will need to overcome the double-top pattern at $230, and whose neckline is at $230. Also, the stock needs to overcome the mean reversion risk. Mean reversion is a situation where an asset normally moves to its historical averages. In this case, the stock is much higher than the 200-day moving average of $184. 

Therefore, there is a risk that it will pull back in the near term because of its weak technicals. On the other hand, a move above the key resistance level of $230 will point to more gains, potentially to the key resistance at $250.

Posted by Defense World Staff on Jul 23rd, 2026

B&D White Capital Company LLC bought a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,200 shares of the network technology company’s stock, valued at approximately $353,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PANW. Darwin Wealth Management LLC acquired a new position in shares of Palo Alto Networks in the 2nd quarter valued at approximately $25,000. Steph & Co. increased its stake in shares of Palo Alto Networks by 88.2% in the fourth quarter. Steph & Co. now owns 143 shares of the network technology company’s stock worth $26,000 after buying an additional 67 shares during the last quarter. Knuff & Co LLC bought a new stake in shares of Palo Alto Networks in the fourth quarter worth $26,000. Sittner & Nelson LLC raised its holdings in Palo Alto Networks by 73.8% in the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after acquiring an additional 62 shares in the last quarter. Finally, Luken Investment Analytics LLC raised its holdings in Palo Alto Networks by 196.2% in the fourth quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock valued at $28,000 after acquiring an additional 102 shares in the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Palo Alto Networks Here are the key news stories impacting Palo Alto Networks this week:

Positive Sentiment: Analysts and commentators continue to highlight Palo Alto Networks as a key beneficiary of rising AI-driven cybersecurity spending, with Morgan Stanley saying sentiment on software stocks may be too negative and Barron’s arguing PANW could be a major winner in the new AI era. Article: Morgan Stanley Analysts Say Sentiment Has Gotten ‘Too Negative’ on Software Stocks. These Are Their Picks Positive Sentiment: Market watchers are also pointing to broader enterprise demand for cybersecurity as AI agents proliferate, which could support future security product spending and reinforce PANW’s growth narrative. Article: Citi Wealth CIO Warns “Infinite AI Agents” Will Accelerate Cybersecurity’s Share of Enterprise Spending Positive Sentiment: Palo Alto Networks announced it will acquire Embrace to extend its observability platform with Real User Monitoring and Synthetics, a move aimed at improving digital experience monitoring and AI-driven operations. Investors may see this as an expansion into a higher-value adjacent market. Article: Palo Alto Networks to Extend Leading Observability Platform with Innovative Digital Experience Monitoring Neutral Sentiment: Another brief note flagged PANW as a cybersecurity stock to follow, but did not add any new catalyst beyond the broader sector interest. Article: Cybersecurity Stocks To Follow Now – July 20th Negative Sentiment: Despite the upbeat long-term themes, one article noted PANW had slipped intraday, suggesting some investors are still taking profits or reacting to overall software sector weakness. Article: Palo Alto slips 3%: Why this analyst still sees it as a top cyber pick Wall Street Analyst Weigh In Several research analysts have weighed in on PANW shares. Stephens raised their price objective on shares of Palo Alto Networks from $180.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 3rd. BTIG Research increased their price target on shares of Palo Alto Networks from $333.00 to $380.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. BNP Paribas Exane lifted their price target on Palo Alto Networks from $330.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Jefferies Financial Group set a $335.00 price objective on Palo Alto Networks and gave the company a “buy” rating in a report on Wednesday, June 3rd. Finally, Oppenheimer upped their price objective on Palo Alto Networks from $275.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Palo Alto Networks currently has an average rating of “Moderate Buy” and a consensus price target of $331.48.

Get Our Latest Research Report on PANW

Palo Alto Networks Trading Down 2.0% NASDAQ PANW opened at $335.28 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $368.80. The company has a 50-day simple moving average of $297.43 and a 200-day simple moving average of $215.80. The firm has a market capitalization of $273.25 billion, a PE ratio of 274.82, a price-to-earnings-growth ratio of 12.70 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last released its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the business earned $0.37 earnings per share. Palo Alto Networks’s quarterly revenue was up 31.1% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. On average, equities analysts forecast that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Insider Activity In other Palo Alto Networks news, Director John P. Key sold 7,500 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $279.24, for a total value of $2,094,300.00. Following the sale, the director directly owned 12,500 shares in the company, valued at approximately $3,490,500. This trade represents a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Josh D. Paul sold 1,100 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $285.08, for a total transaction of $313,588.00. Following the transaction, the chief accounting officer directly owned 81,636 shares of the company’s stock, valued at approximately $23,272,790.88. This trade represents a 1.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 101,239 shares of company stock worth $27,174,360 over the last 90 days. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Company Profile (Free Report)

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.

Read More Five stocks we like better than Palo Alto Networks Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report).

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Cloud-native building automation strengthens Carrier's digital ecosystem to enable increasingly intelligent and autonomous buildings 

, /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced it has acquired 75F, a leading innovator in cloud-native, wireless, AI-enabled building automation systems. The acquisition strengthens Carrier's intelligent building capabilities across applications — from complex applied systems and high-growth data centers to light commercial and retrofits.

"Buildings are becoming intelligent and autonomous systems that continuously learn, adapt and optimize performance," said David Gitlin, Chairman & CEO, Carrier. "Through Carrier ClimaVision™, we have already seen firsthand the power of 75F's cloud-native, AI-enabled platform. This acquisition accelerates our strategy to create increasingly autonomous and self-optimizing buildings by bringing together connected equipment, intelligent controls and digital solutions in a unified platform that simplifies deployment, connects building data and enables agentic AI."

The combination of Carrier's WebCTRL® building controls install base, Abound™ predictive analytics capability and the Nlyte® operational intelligence platform with 75F's unified data layer and AI capabilities will create a differentiated end-to-end offering spanning equipment, controls, analytics and outcomes for buildings globally. Together, these integrated capabilities enable building operators to transition from traditional building management to fully autonomous operations that proactively identify maintenance opportunities, optimize energy consumption, intelligently manage assets and improve occupant comfort.

"75F was founded to fundamentally rethink building automation using cloud-native software, AI and wireless technologies," said Deepinder Singh, founder and CEO, 75F. "Joining Carrier enables us to accelerate that vision on a global scale. Together, we can help make intelligent buildings simpler to deploy, easier to operate and more accessible to customers everywhere."

75F's platform combines wireless sensors, intuitive controls, cloud software and AI-enabled automation designed to reduce installation time and simplify commissioning while optimizing energy efficiency and indoor air quality. Carrier plans to integrate 75F's generative and agentic AI as well as auto-commissioning capabilities into its large commercial platforms, including its Carrier QuantumLeap™ thermal management suite, improving deployment and real-time thermal performance for the rapidly growing data center market.

Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as external legal counsel to Carrier in connection with the transaction. Avisen Legal, PA acted as external legal counsel to 75F in connection with the transaction.

About Carrier
Carrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating innovations that bring comfort, safety and sustainability to life. Through cutting-edge advancements in climate solutions such as temperature control, air quality and transportation, we improve lives, empower critical industries and ensure the safe transport of food, life-saving medicines and more. Since inventing modern air conditioning in 1902, we lead with purpose: enhancing the lives we live and the world we share. We continue to lead because of our world-class, inclusive workforce that puts the customer at the center of everything we do. For more information, visit carrier.com or follow Carrier on social media at @Carrier.

Carrier. For the World We Share.

Cautionary Statement
This communication contains statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities laws. These forward-looking statements are intended to provide management's current expectations or plans for Carrier's future operating and financial performance, based on assumptions currently believed to be valid. Forward-looking statements can be identified by the use of words such as "believe," "expect," "expectations," "plans," "strategy," "prospects," "estimate," "project," "target," "anticipate," "will," "should," "see," "guidance," "outlook," "confident," "scenario" and other words of similar meaning in connection with a discussion of future operating or financial performance. Forward-looking statements may include, among other things, statements relating to the acquisition of the 75F business, the integration of such business into Carrier's existing operations, strategies or transactions of Carrier, Carrier's plans with respect to its indebtedness and other statements that are not historical facts. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. For additional information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, see Carrier's reports on Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission from time to time. Any forward-looking statement speaks only as of the date on which it is made, and Carrier assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law. 

CARR-IR 

Contact:

Media Inquiries 

Rob Six 

561-281-2362 

[email protected] 

Investor Relations 

Michael Rednor 

561-365-2020 

[email protected] 

SOURCE Carrier Global Corporation

Nasdaq (NDAQ - Free Report) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +9.18%. A quarter ago, it was expected that this exchange operator would post earnings of $0.93 per share when it actually produced earnings of $0.96, delivering a surprise of +3.23%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Nasdaq, which belongs to the Zacks Securities and Exchanges industry, posted revenues of $1.5 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.87%. This compares to year-ago revenues of $1.31 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Nasdaq shares have lost about 6.4% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for Nasdaq?While Nasdaq has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Nasdaq was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.00 on $1.44 billion in revenues for the coming quarter and $3.93 on $5.79 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Securities and Exchanges is currently in the bottom 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, S&P Global (SPGI - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on July 28.

This independent ratings and analytics provider is expected to post quarterly earnings of $4.49 per share in its upcoming report, which represents a year-over-year change of +1.4%. The consensus EPS estimate for the quarter has been revised 8.3% lower over the last 30 days to the current level.

S&P Global's revenues are expected to be $3.65 billion, down 2.9% from the year-ago quarter.

A screen displays the logo and trading information for Ameriprise Financial, Inc. on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 29, 2023. REUTERS/Brendan... Purchase Licensing Rights, opens new tab Read more

July 23 (Reuters) - Asset and wealth manager Ameriprise Financial (AMP.N), opens new tab reported a rise in its second-quarter ​profit on Thursday, driven by a ‌market rally that boosted the value of its fee-generating assets.

Here are more details from ​the earnings report:

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Ameriprise's assets under management, ​administration and advisement came in at $1.8 trillion ⁠during the three months ended June ​30, up 14% from a year ​ago.

Assets under management and the fees earned by managers depend on two factors — money flowing in ​and out of the funds and ​the performance of investments.

Ameriprise's management and financial advice fees ‌rose ⁠18% to $3.06 billion during the second quarter, while its net investment income remained almost flat at $893 million.

Total client assets ​at its ​advice and ⁠wealth management business grew 15% to $1.2 trillion.

Ameriprise's second-quarter profit rose ​to $1.11 billion, or $11.98 per share, ​compared ⁠with $1.06 billion, or $10.73 per share, a year earlier.

Shares of the company have gained a ⁠little ​over 7% in 2026, ​underperforming the broader benchmark S&P 500 index (.SPX), opens new tab.

Reporting by Pritam ​Biswas in Bengaluru; Editing by Sahal Muhammed

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

, /PRNewswire/ -- Visteon Corporation (NASDAQ: VC) today reported second quarter financial results. Highlights include:

Sales of $960 million with Growth-over-Market of 4%1  Net income attributable to Visteon of $49 million Adjusted EBITDA of $116 million, representing a 12.1% margin Operating cash flow of $37 million and adjusted free cash flow of $20 million  Strong balance sheet with net cash of $351 million at quarter end New business wins of $2.0 billion support strategic objectives for long-term growth $200 million accelerated share repurchase program Second Quarter Results

Visteon reported net sales of $960 million, compared to $969 million in the prior year. Sales reflected 4% growth-over-market1, driven by launch ramps and regional execution, despite lower customer vehicle production and legacy program roll-offs.

Gross margin in the second quarter was $118 million. Net income attributable to Visteon was $49 million or $1.80 per diluted share. Adjusted EBITDA, a non-GAAP measure defined below, was $116 million, reflecting continued operational discipline in a dynamic supply chain environment. Margin performance in the quarter benefited from customer commercial recoveries and disciplined cost execution, partially offset by higher supplier costs and continued engineering investments.

For the first six months of 2026, cash from operations was $43 million, capital expenditures were $61 million, and adjusted free cash flow, a non-GAAP measure defined below, was an outflow of $3 million. The Company ended the second quarter with cash of $650 million and debt of $299 million. The Company's strong balance sheet, with a net cash position of $351 million, provides flexibility to continue investing in the business while supporting capital allocation priorities.

Visteon secured approximately $2.0 billion in new business during the second quarter, reflecting continued momentum across the Company's strategic growth areas. Highlights included an additional next-generation SmartCore™ high-performance compute ("HPC") award with another premium vehicle brand of a large Chinese OEM, further strengthening the Company's position in next-generation cockpit computing. The quarter also included strategic awards with North American OEMs, additional wins in India, as well as commercial vehicle and two-wheeler awards. These awards reflect ongoing diversification of the Company across customers and markets.

Visteon launched 24 new products during the second quarter across 11 customers, demonstrating continued execution across its strategic growth areas. Highlights included an integrated center and passenger display system for a German premium OEM, ongoing expansion of Renault displays, a digital cluster on the Hyundai Exter, and a vehicle control unit for Royal Enfield's first electric motorcycle, the "Flying Flea." These launches demonstrate ongoing adoption of Visteon's advanced cockpit portfolio and support the industry's transition toward software-defined vehicles.

"Our second quarter results support the strategic priorities we outlined at Investor Day," said President and CEO Sachin Lawande. "Our SmartCore™ HPC momentum, progress across our strategic growth areas and successful product launches reinforce the long-term growth objectives we shared with investors."

Accelerated Share Repurchase Program

The Company today announced that it has entered into a $200 million accelerated share repurchase ("ASR") agreement under its previously announced $800 million share repurchase authorization. The ASR is expected to be completed early in the fourth quarter of 2026.

The ASR reflects the Company's capital allocation priorities, supporting shareholder returns while maintaining the flexibility to invest in future growth.

About Visteon

Visteon (NASDAQ: VC) is advancing mobility through innovative technology solutions that enable a software-defined future. The Company's state-of-the-art product portfolio merges digital cockpit innovations, advanced displays, AI-enhanced software solutions, and integrated EV architecture solutions. With expertise spanning passenger vehicles, commercial transportation, and two-wheelers, Visteon partners with global OEMs to create safer, cleaner, and more connected journeys. Headquartered in Van Buren Township, Michigan, Visteon operates in 17 countries, employing a global network of innovation centers and manufacturing facilities. For more information, visit visteon.com.

Conference Call and Presentation

Today, Thursday, July 23, at 9 a.m. ET, the Company will host a conference call for the investment community to discuss the quarter's results and other related items. The conference call is available to the general public via a live audio webcast.

The dial-in numbers to participate in the call are:

U.S./Canada: 1-833-461-5787
Outside U.S./Canada: 1-585-542-9983
Conference ID: 113899249

(Call approximately 10 minutes before the start of the conference.)

The conference call and live audio webcast, related presentation materials and other supplemental information will be accessible in the Investors section of Visteon's website.

__

Use of Non-GAAP Financial Information

Because not all companies use identical calculations, adjusted EBITDA, adjusted net income, adjusted EPS, free cash flow and adjusted free cash flow used throughout this press release may not be comparable to other similarly titled measures of other companies.

Forward-looking Information 

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "will," "may," "designed to," "outlook," "believes," "should," "anticipates," "plans," "expects," "intends," "estimates," "forecasts" and similar expressions identify certain of these forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various factors, risks and uncertainties that could cause our actual results to differ materially from those expressed in these forward-looking statements, including, but not limited to:

uncertainties in U.S. or foreign policy regarding trade agreements, tariffs or other international trade policies and any response to such actions by foreign countries; continued and future impacts of the geopolitical conflicts and related supply chain disruptions, including but not limited to the conflicts in the Middle East, Russia and East Asia and the possible imposition of sanctions; significant and prolonged shortages of, or unrecoverable price increases in, critical components, including but not limited to semiconductors such as DRAM, particularly where such components are sourced from sole or primary suppliers; failure of the Company's joint venture partners to comply with contractual obligations or to exert influence or pressure in China; conditions within the automotive industry, including (i) the automotive vehicle production volumes and schedules of our customers, (ii) the financial condition of our customers and the effects of any restructuring or reorganization plans that may be undertaken by our customers, including work stoppages at our customers, and (iii) possible disruptions in the supply of commodities to us or our customers due to financial distress, work stoppages, natural disasters or civil unrest; our ability to satisfy future capital and liquidity requirements; including our ability to access the credit and capital markets at the times and in the amounts needed and on terms acceptable to us; our ability to comply with financial and other covenants in our credit agreements; and the continuation of acceptable supplier payment terms; our ability to access funds generated by foreign subsidiaries and joint ventures on a timely and cost-effective basis; our ability to grow our business with Chinese domestic OEMs and to compete with Chinese domestic suppliers as they expand their market-share outside of China; general economic conditions, currency exchange rates, interest rates, changes in foreign laws, regulations or trade policies, including export controls of certain parts or materials or political stability in foreign countries where Visteon procures materials, components, or supplies or where its products are manufactured, distributed, or sold; disruptions in information technology systems including, but not limited to, system failure, cyber-attack, malicious computer software (malware including ransomware), unauthorized physical or electronic access, or other natural or man-made incidents or disasters; increases in raw material and energy costs and our ability to offset or recover these costs; increases in our warranty, product liability and recall costs or the outcome of legal or regulatory proceedings to which we are or may become a party; changes in laws, regulations, policies or other activities of governments, agencies and similar organizations, domestic and foreign, that may tax or otherwise increase the cost of, prohibit, or otherwise affect, the manufacture, licensing, distribution, sale, ownership or use of Visteon's or its suppliers' products or assets; and those factors identified in our filings with the SEC (including our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as updated by our subsequent filings with the Securities and Exchange Commission). Caution should be taken not to place undue reliance on our forward-looking statements, which represent our view only as of the date of this release, and which we assume no obligation to update. The financial results presented herein are preliminary and unaudited; final financial results will be included in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2026. New business wins and re-wins do not represent firm orders or firm commitments from customers, but are based on various assumptions, including the timing and duration of product launches, vehicle production levels, customer price reductions and currency exchange rates.

Visteon Contacts:

Media: 
[email protected]

Investors:
[email protected]

VISTEON CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(In millions except per share amounts) 
(Unaudited)

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Net sales

$        960

$        969

$     1,914

$     1,903

Cost of sales

(842)

(828)

(1,683)

(1,624)

Gross margin

118

141

231

279

Selling, general and administrative expenses

(46)

(48)

(100)

(95)

Restructuring, net

1

(1)

(17)

(1)

Interest income, net

3

2

5

3

Equity in net income (loss) of non-consolidated affiliates

2

2

4

4

Other income (expense), net

(2)

1

2

2

Income (loss) before income taxes

76

97

125

192

Provision for income taxes

(26)

(22)

(42)

(48)

Net income (loss)

50

75

83

144

Less: Net (income) loss attributable to non-controlling interests

(1)

(4)

(3)

(6)

Net income (loss) attributable to Visteon Corporation

$         49

$         71

$         80

$        138

Comprehensive income (loss)

$         57

$        112

$         79

$        201

Less: Comprehensive (income) loss attributable to non-controlling
interests

1

(9)

(2)

(12)

Comprehensive income (loss) attributable to Visteon Corporation

$         58

$        103

$         77

$        189

Basic earnings (loss) per share attributable to Visteon Corporation

$       1.84

$       2.60

$       2.99

$       5.07

Diluted earnings (loss) per share attributable to Visteon Corporation

$       1.80

$       2.57

$       2.93

$       5.02

Average shares outstanding (in millions)

Basic

26.7

27.3

26.8

27.2

Diluted

27.2

27.6

27.3

27.5

VISTEON CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions)

(Unaudited)

June 30,

December 31,

2026

2025

ASSETS

Cash and equivalents

$             648

$             771

Restricted cash

2

2

Accounts receivable, net

666

613

Inventories, net

328

269

Other current assets

158

130

Total current assets

1,802

1,785

Property and equipment, net

524

524

Intangible assets, net

233

222

Right-of-use assets

131

126

Investments in non-consolidated affiliates

25

29

Deferred tax assets

512

511

Other non-current assets

229

189

Total assets

$           3,456

$           3,386

LIABILITIES AND EQUITY

Short-term debt

$               15

$               18

Accounts payable

620

540

Accrued employee liabilities

85

122

Current lease liability

24

21

Other current liabilities

271

291

Total current liabilities

1,015

992

Long-term debt, net

284

283

Employee benefits

80

88

Non-current lease liability

111

109

Deferred tax liabilities

47

51

Other non-current liabilities

230

212

Stockholders' equity:

Common stock

1

1

Additional paid-in capital

1,398

1,398

Retained earnings

2,897

2,838

Accumulated other comprehensive loss

(243)

(240)

Treasury stock

(2,442)

(2,429)

Total Visteon Corporation stockholders' equity

1,611

1,568

Non-controlling interests

78

83

Total equity

1,689

1,651

Total liabilities and equity

$           3,456

$           3,386

VISTEON CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS 
 (In millions) 
(Unaudited)

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

OPERATING

Net income (loss)

$         50

$       75

$          83

$        144

Adjustments to reconcile net income (loss) to net cash provided from
(used by) operating activities:

Depreciation and amortization

29

27

58

52

Non-cash stock-based compensation

12

12

24

23

Equity in net loss (income) of non-consolidated affiliates, net of
 dividends remitted

(2)

(2)

(4)

(4)

Tax valuation allowance expense (benefit)

—

(6)

—

(8)

Other non-cash items

1

(3)

1

(4)

Changes in assets and liabilities:

Accounts receivable

13

21

(58)

(3)

Inventories

(12)

24

(63)

4

Accounts payable

(3)

(11)

86

40

Other assets and other liabilities

(51)

(42)

(84)

(79)

Net cash provided from operating activities

37

95

43

165

INVESTING

Capital expenditures, including intangibles

(25)

(31)

(61)

(66)

Acquisition of business, net of cash acquired

(20)

(50)

(20)

(50)

Net investment hedge transactions

—

1

(12)

2

Other

—

(2)

—

(1)

Net cash used by investing activities

(45)

(82)

(93)

(115)

FINANCING

Borrowing on debt

2

—

2

—

Principal repayment of term debt facility

—

(5)

(4)

(9)

Dividend to shareholders

(10)

—

(20)

—

Dividends to non-controlling interests

(9)

(14)

(9)

(18)

Repurchase of common stock

(6)

—

(36)

(7)

Stock-based compensation tax withholding payments

(2)

(1)

(9)

(7)

Proceeds from the exercise of stock options

4

—

8

3

Contingent consideration payments

(7)

—

(7)

—

Other

(2)

—

(2)

—

Net cash used by financing activities

(30)

(20)

(77)

(38)

Effect of exchange rate changes on cash

6

20

4

33

Net increase (decrease) in cash, equivalents, and restricted cash

(32)

13

(123)

45

Cash, equivalents, and restricted cash at beginning of the period

682

658

773

626

Cash, equivalents, and restricted cash at end of the period

$       650

$      671

$        650

$        671

VISTEON CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(In millions except per share amounts) 
(Unaudited)

Adjusted EBITDA: Adjusted EBITDA is presented as a supplemental measure of the Company's performance that management believes is useful to investors because the excluded items may vary significantly in timing or amounts and/or may obscure trends useful in evaluating and comparing the Company's operating activities across reporting periods. The Company defines adjusted EBITDA as net income attributable to the Company adjusted to eliminate the impact of depreciation and amortization, net restructuring, provision for (benefit from) income taxes, non-cash, stock-based compensation expense, net interest (income) expense, net income (loss) attributable to non-controlling interests, equity in net (income) loss of non-consolidated affiliates, and other gains and losses not reflective of the Company's ongoing operations. Because not all companies use identical calculations, this presentation of adjusted EBITDA may not be comparable to similarly titled measures of other companies.

Three Months Ended

Six Months Ended

Estimated

June 30,

June 30,

Full Year

Visteon:

2026

2025

2026

2025

2026

Net income (loss) attributable to Visteon Corporation*

$        49

$        71

$        80

$       138

$       190

  Depreciation and amortization

29

27

58

52

120

  Restructuring, net

(1)

1

17

1

25

  Provision for (benefit from) income taxes*

26

22

42

48

90

  Non-cash, stock-based compensation expense

12

12

24

23

50

  Interest (income) expense, net

(3)

(2)

(5)

(3)

(5)

  Net income (loss) attributable to non-controlling interests

1

4

3

6

10

  Equity in net loss (income) of non-consolidated affiliates

(2)

(2)

(4)

(4)

(10)

  Other, net

5

1

5

2

5

Adjusted EBITDA

$       116

$       134

$       220

$       263

$      4752

*Amounts shown reflect the change in accounting principle related to the method for assessing the realizability of U.S. deferred tax assets
described in the Company's 2025 Form 10-K.

Adjusted EBITDA is not a recognized term under U.S. GAAP and does not purport to be a substitute for net income as an indicator of operating performance or cash flows from operating activities as a measure of liquidity. Adjusted EBITDA has limitations as an analytical tool and is not intended to be a measure of cash flow available for management's discretionary use, as it does not consider certain cash requirements such as interest payments, tax payments and debt service requirements. In addition, the Company uses adjusted EBITDA (i) as a factor in incentive compensation decisions, (ii) to evaluate the effectiveness of the Company's business strategies, and (iii) because the Company's credit agreements use similar measures for compliance with certain covenants.

VISTEON CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(In millions except per share amounts) 
(Unaudited)

Free Cash Flow and Adjusted Free Cash Flow: Free cash flow and adjusted free cash flow are presented as supplemental measures of the Company's liquidity that management believes are useful to investors in analyzing the Company's ability to service and repay its debt. The Company defines free cash flow as cash flow provided from operating activities less capital expenditures, including intangibles. The Company defines adjusted free cash flow as cash flow provided from operating activities less capital expenditures, including intangibles as further adjusted for restructuring related payments. Because not all companies use identical calculations, this presentation of free cash flow and adjusted free cash flow may not be comparable to other similarly titled measures of other companies.

Three Months Ended

Six Months Ended

Estimated

June 30,

June 30,

Full Year

Visteon:

2026

2025

2026

2025

2026

Cash provided from operating activities

$         37

$         95

$         43

$        165

$        300

Capital expenditures, including intangibles

(25)

(31)

(61)

(66)

(150)

Free cash flow

$         12

$         64

$        (18)

$         99

$        150

Restructuring related payments

8

3

15

6

20

Adjusted free cash flow

$         20

$         67

$         (3)

$        105

$        170

Free cash flow and adjusted free cash flow are not recognized terms under U.S. GAAP and do not purport to be a substitute for cash flows from operating activities as a measure of liquidity. Free cash flow and adjusted free cash flow have limitations as analytical tools as they do not reflect cash used to service debt and do not reflect funds available for investment or other discretionary uses. In addition, the Company uses free cash flow and adjusted free cash flow (i) as factors in incentive compensation decisions and (ii) for planning and forecasting future periods.

VISTEON CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(In millions except per share amounts) 
(Unaudited)

Adjusted Net Income and Adjusted Earnings Per Share: Adjusted net income and adjusted earnings per share are presented as supplemental measures that management believes are useful to investors in analyzing the Company's profitability, providing comparability between periods by excluding certain items that may not be indicative of recurring business operating results. The Company believes management and investors benefit from referring to these supplemental measures in assessing company performance and when planning, forecasting and analyzing future periods. The Company defines adjusted net income as net income attributable to Visteon adjusted to eliminate the impact of net restructuring, other gains and losses not reflective of the Company's ongoing operations and related tax effects. The Company defines adjusted earnings per share as adjusted net income divided by diluted shares. Because not all companies use identical calculations, this presentation of adjusted net income and adjusted earnings per share may not be comparable to other similarly titled measures of other companies.

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Net income (loss) attributable to Visteon*

$         49

$         71

$         80

$        138

Diluted earnings (loss) per share:

Net income (loss) attributable to Visteon*

$         49

$         71

$         80

$        138

Average shares outstanding, diluted

27.2

27.6

27.3

27.5

Diluted earnings (loss) per share

$       1.80

$       2.57

$       2.93

$       5.02

Adjusted net income (loss) and adjusted earnings (loss) per share:

Net income (loss) attributable to Visteon*

$         49

$         71

$         80

$        138

Restructuring, net

(1)

1

17

1

Other

5

1

5

2

Tax impacts of adjustments

(1)

(1)

(5)

(1)

Adjusted net income (loss)

$         52

$         72

$         97

$        140

Average shares outstanding, diluted

27.2

27.6

27.3

27.5

Adjusted earnings (loss) per share

$       1.91

$       2.61

$       3.55

$       5.09

*Amounts shown reflect the change in accounting principle related to the method for assessing the realizability of U.S. deferred tax assets
described in the Company's 2025 Form 10-K.

Adjusted net income and adjusted earnings per share are not recognized terms under U.S. GAAP and do not purport to be a substitute for profitability. Adjusted net income and adjusted earnings per share have limitations as analytical tools as they do not consider certain restructuring and transaction-related payments and/or expenses. In addition, the Company uses adjusted net income and adjusted earnings per share for internal planning and forecasting purposes.

_______________

1

Visteon y/y sales growth (ex. FX and net pricing) compared to production for Visteon customers weighted on Visteon sales contribution.

2

Based on mid-point of the range of the Company's financial guidance

SOURCE Visteon Corporation