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Companies are scrambling to find funds to invest heavily in AI, and some employees' benefits and pay are on the chopping block. EschCollection/Getty Images AI isn't just coming for your job. It's coming for your pay.

As companies look for cash to fund their AI transformations, some are finding it by shrinking employee benefits and compensation packages.

Teradata, a global cloud software company, told its 5,100 employees in January not to expect an annual salary raise this year as it reallocates the budget toward AI investments, according to an internal memo seen by Business Insider and not previously reported.

Teradata's focus for 2026 is to "win in the market with AI," CEO Steve McMillan said in the memo, and to help achieve that, the company will be increasing investment in AI talent and expertise.

"We will fund this AI investment by reallocating the budget from 2026 annual salary adjustments," said McMillan.

Teradata did not comment on the budget decision. A spokesperson told Business Insider that the company is actively investing in AI to innovate its products and services.

Two US-based Teradata employees, both of whom have been at the company for over 10 years, told Business Insider they generally received annual salary increases of 2% to 4%, though they said the increases were not guaranteed each year.

Employees may still receive performance-based bonuses and equity shares as part of their compensation, the memo said. The decision applies to employees in countries where regulators do not require market-aligned salary adjustments.

Teradata is the second company that Business Insider has reported is openly telling staff it is pursuing AI spending over workforce investment.

TTEC, a midsize technology and services firm, recently paused 401(k) matches for its US employees through the end of 2026, saying in internal communications that the benefits retreat would help fund the tools, training, and capabilities necessary for the company's AI future.

The candor with which leaders are naming AI as the reason for cuts marks a new rhetorical shift, said Jennifer Moss, a workplace strategist and the author of "Why Are We Here? Creating a Work Culture Everyone Wants."

"Whether that's more honest or more cynical depends on your read, but it does mark a real shift in what leaders are willing to say in public," Moss said. "And what becomes sayable tends to become more doable."

Financing an AI transformationTTEC and Teradata are technology services companies operating in an industry where failure to adapt to AI is seen as a particularly existential risk. Across industries, businesses are increasing their AI spending. 

A recent CIO survey from RBC Capital polled 117 IT professionals at companies with annual revenues from under $250 million to more than $25 billion. It found that 90% of those surveyed planned to increase AI spending in 2026.

AI spending can range from tens of thousands of dollars for small pilots or basic integrations to millions of dollars for enterprise-scale AI transformations. Those costs are hitting as many companies are already operating with tighter budgets, driven by inflation, tariffs, and supply chain disruptions.

Teradata and TTEC have both faced financial difficulty in recent years, with global revenue declining 5% and 3.2%, respectively, in each company's latest financial year.

While AI costs may be rising, cutting worker compensation is a choice, not an inevitability, Moss told Business Insider.

Transformations can be financed through measures like taking on debt, reallocating nonessential spending, adjusting executive compensation, making acquisitions, phasing investments over time, or accepting lower margins for a defined period, she added.

Alphabet, for example, announced this week that it plans to sell $80 billion in stock to fund its investments in AI infrastructure.

"The reason workforce compensation ends up being the source is that it's the largest controllable expense line at most companies and the one with the least organized resistance," said Moss.

The actual cost of AI investment for most companies is relatively small compared to total compensation expense, she added.

According to BCG's 2026 AI Radar, a survey of 2,360 global companies that was released in January, companies only expect to spend about 1.7% of revenue on AI in 2026.

Jan-Emmanuel De Neve, an economist and director of Oxford University's Wellbeing Research Center, told Business Insider he expects more companies to make similar trade-offs as they pursue AI, saying it is indicative of a "short-term mindset."

"When leaders openly cut human compensation to fund AI, they are trying to project decisive, tech-forward management. However, the actual message traveling to the workforce is that they do not have a secure future in the organization," De Neve said.

Employees are losing powerCuts to benefits and salary adjustments sit at the gentler end of the spectrum. Others have tied AI adoption to layoffs and fewer hiring opportunities.

Meta, for example, laid off 10% of its workforce in May, a move it linked to a push for efficiency and the need to fund investments.

Meta's stock price has surged in recent years, and in January, the company said its capital spending for the year would range from $115 billion to $135 billion.

Other firms, including Snap, Cisco, and Salesforce, have also announced staff cuts, citing AI efficiencies as a rationale; and Uber CEO Dara Khosrowshahi said in May that he'll cover the cost of increasing AI investment by hiring fewer people.

Teradata's head count has fallen by over 21% since December 2023, a drop of 1,400 people that the company said was made to support its growth strategy, company filings show.

Ellen Raim, an employment attorney with 30 years of corporate HR leadership experience, told Business Insider that many companies are leaner and under increasing organizational pressure to show productivity gains and stronger head count ROI.

"AI is being positioned as a way to do that quickly," she said.

Bill Winters used the phrase "lower-value human capital" to refer to employees he was planning to lay off.  Bloomberg/Getty Images Many workers have struggled with a perception that AI could lead to their well-being being sidelined, something recently reinforced when Standard Chartered CEO Bill Winters described some roles as "lower value, human capital." Winters later apologized. Alongside the growing tide of layoffs and examples of AI-focused compensation cuts at TTEC and Teradata, the power balance is shifting against workers as companies prioritize their AI futures.

Comments like Winters' reflect a broader trend of executives talking about people primarily as costs or capacity, Raim said. "That may make sense on a spreadsheet, but it can be corrosive inside an organization."

The risk, Raim said, is that companies underinvest in employees and undermine trust, at the very time they ask them to embrace these new tools and help figure out where AI can meaningfully improve the business.

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Richard J. Petley, Chief Revenue Officer of Teradata (TDC 0.43%), reported the sale of 17,227 shares of common stock in open-market transactions on June 1, 2026, as disclosed in an SEC Form 4 filing.

Transaction summaryMetricValueShares sold (direct)17,227Transaction value~$603,000Post-transaction shares (direct)188,571Post-transaction value (direct ownership)~$6.95 millionTransaction value based on SEC Form 4 weighted average purchase price ($35.00); post-transaction value based on June 1, 2026 market close ($36.83).

Key questionsHow does this sale compare to Petley's recent trading activity?
Since May of this year, Petley has executed two open-market sales totaling 51,544 shares, with the current transaction reflecting a decrease in trade size that is consistent with the reduction in his available share inventory.What proportion of Petley's direct holdings was affected by this transaction?
The sale accounted for 8.4% of his direct ownership, moving his direct holdings from 205,798 shares to 188,571 shares.Were any indirect holdings or derivative securities involved?
The transaction exclusively involved direct ownership; no indirect entities or derivative securities, such as options, were part of the reported sale.What are the implications for Petley's ongoing ownership and selling capacity?
Following this sale, Petley retains a direct stake valued at approximately ~$6.95 million as of June 1, 2026, with remaining capacity for future transactions now limited by a lower share count.Company overviewMetricValuePrice (as of market close 2026-06-01)$36.83Revenue (TTM)$1.69 billionNet income (TTM)$421.00 million1-year price change52.01%* 1-year performance calculated using June 1st, 2026 as the reference date.

Company snapshotTeradata Vantage is the core product, providing a multi-cloud data analytics platform; services include consulting, support, and maintenance.The company generates revenue through software subscriptions, cloud-based analytics solutions, and professional services aimed at enterprise clients.Primary customers include organizations in financial services, government, healthcare, manufacturing, retail, telecommunications, and transportation sectors globally.Teradata operates at scale as a leading provider of enterprise analytics platforms, serving a diverse global client base. The company's strategy centers on enabling organizations to manage and analyze complex data across multi-cloud environments, supporting digital transformation and ecosystem simplification.

With a focus on mission-critical analytics and robust consulting services, Teradata maintains a competitive edge in the evolving data infrastructure market.

What this transaction means for investorsThe June 1 sale of Teradata stock by Chief Revenue Officer Richard Petley came at a time when shares experienced a rising price in 2026. The stock reached a 52-week high of $41.78 in February, and was still well above the low of $19.83 when Petley executed his sale.

That said, his transaction is not necessarily a cause for investor concern, given its non-discretionary nature. The disposition was implemented as part of a prearranged Rule 10b5-1 trading plan, adopted in December of 2025. Such plans are often implemented by insiders to avoid accusations of trading based on insider information.

Moreover, Petley retained over 188,000 shares post-transaction, indicating his equity stake remains robust. Holding on to the stock looks like a good strategy given Teradata’s business is performing well.

The rise of artificial intelligence created increased demand for the company’s data capabilities. This contributed to first-quarter sales of $444 million, up 6% from the previous year’s $418 million. Moreover, its recurring revenue of $400 million represented a 12% year-over-year increase, and bodes well for Teradata’s ability to maintain sales.

Key Takeaways Sempra reported Q1 adjusted EPS of $1.51, up 4.9% year over year.SRE's infrastructure segment earnings climbed to $262 million from $146 million a year ago.Sempra reaffirmed 2026 EPS guidance and projected 7-9% long-term EPS growth. Sempra (SRE - Free Report) reported first-quarter 2026 adjusted earnings per share (EPS) of $1.51, in line with the Zacks Consensus Estimate. The bottom line increased 4.9% from the year-ago quarter’s figure of $1.44.

Including one-time items, the company generated GAAP earnings of $1.58 per share compared with $1.39 in the first quarter of 2025.

SRE’s Total RevenuesRevenues of $3.66 billion missed the Zacks Consensus Estimate of $4.15 billion by 11.8%. The top line decreased 3.9% from $3.8 billion in the year-ago quarter.

SRE’s Segmental UpdateSempra California: Quarterly earnings amounted to $720 million compared with the year-ago quarter’s level of $724 million.

Sempra Texas Utilities: Earnings in this segment increased to $171 million from $146 million in the year-ago quarter.

Sempra Infrastructure: The segment recorded earnings of $262 million compared with $146 million in the year-ago quarter.

Parent and Other: The segment reported a loss of $116 million, wider than the prior-year period’s loss of $110 million.

SRE’s Financial UpdateAs of March 31, 2026, Sempra Energy’s cash and cash equivalents totaled $0.79 billion compared with $0.03 billion as of Dec. 31, 2025.

As of the same date, long-term debt and finance leases amounted to $30.85 billion compared with $28.98 billion as of Dec. 31, 2025.

Cash flow from operating activities in the first three months of 2026 totaled $1.81 billion compared with $1.48 billion a year ago.

SRE’s GuidanceThe company expects its 2026 adjusted earnings to be in the range of $4.80-$5.30 per share. The Zacks Consensus Estimate for 2026 earnings is pegged at $5.16 per share, higher than the midpoint of the company’s guided range.

SRE has also provided a full-year 2027 EPS guidance of $5.10-$5.70. Sempra expects a 7-9% long???term EPS growth rate.

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

Recent Releases TotalEnergies SE (TTE - Free Report) reported first-quarter 2026 operating earnings of $2.45 (€2.10) per share, which surpassed the Zacks Consensus Estimate of $1.99 by 23.1%. The bottom line improved 34% from the year-ago figure of $1.83 (€1.74).

TTE’s total revenues for the first quarter were $49.51 billion, which increased from the year-ago reported figure of $47.9 billion by 3.36%. The metric beat the Zacks Consensus Estimate of $46.85 billion by 5.9%.

Occidental Petroleum Corporation (OXY - Free Report) reported first-quarter 2026 operating earnings of $1.06 per share, which beat the Zacks Consensus Estimate of 65 cents by 63.08%. The bottom line also increased 21.8% from 87 cents in the year-ago quarter.

OXY’s total revenues were $5.11 billion, which missed the Zacks Consensus Estimate of $5.5 billion by 7%. The top line declined 25.3% year over year.

Devon Energy Corp. (DVN - Free Report) reported first-quarter 2026 EPS of $1.04, surpassing the Zacks Consensus Estimate of $1 by 4%. The metric was down 14% year over year.

DVN’s total revenues for the quarter were $3.80 billion, which lagged the Zacks Consensus Estimate of $4.16 billion by 8.5%. The top line decreased 14.5% from the year-ago quarter’s figure.

A $31.00 per share cash payment represents a premium of more than 20% over the recent market prices, estimated fair value, and par value of the shares 

, /PRNewswire/ -- Southern California Gas Company (SoCalGas) (OTCQB: SOCGP) (OTC PINK: SOCGM), a subsidiary of Sempra (NYSE: SRE), today announced it will hold a Special Meeting of Shareholders (the "Special Meeting") on July 13, 2026. The anticipated record date for the Special Meeting is May 18, 2026, and only shareholders at the close of business on that date will be eligible to vote.

At the Special Meeting, SoCalGas will seek approval from holders of its 6% Preferred Stock, par value $25.00, and 6% Preferred Stock, Series A, par value $25.00, to retire all outstanding shares of preferred stock in exchange for a cash payment of $31.00 per share, plus accrued and unpaid dividends to but excluding the retirement date. The cash payment represents a premium of more than 20% over the recent market prices, estimated fair value, and par value of the shares.

As part of our ongoing efforts to modernize our business and serve our stakeholders, SoCalGas is pursuing the proposed transaction to simplify its capital structure while delivering immediate value to shareholders. SoCalGas has filed a preliminary proxy statement for the Special Meeting with the U.S. Securities and Exchange Commission ("SEC") and, subject to the timing of SEC review, expects to file its definitive proxy statement on or about May 19, 2026, at which time shareholders as of the record date for the Special Meeting will be able to submit their votes.

SoCalGas urges all preferred shareholders to vote "FOR" this proposal in advance of the meeting. Copies of the proxy materials are available on SoCalGas' website at socalgas.com/about-us/special-shareholder-meeting. 

Shareholders with questions about how to vote should contact the Proxy Information Administrator for the Special Meeting:

D.F. King & Co, Inc.
28 Liberty Street, 53rd Floor
New York, New York 10005
Shareholders may call toll free: (800) 769-7666
Banks and brokers may call collect: (212) 914-0093
[email protected]

About SoCalGas
SoCalGas is the largest gas distribution utility in the United States, serving more than 21 million consumers across approximately 24,000 square miles of Central and Southern California. Our mission is: Safe, Reliable, and Affordable energy delivery today. Ready for tomorrow. SoCalGas is a recognized leader in the energy industry and has been named Corporate Member of the Year by the Los Angeles Chamber of Commerce for its volunteer leadership in the communities it serves. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading U.S. utility holding company. For more information, visit SoCalGas.com/newsroom or connect with SoCalGas on social media @SoCalGas. 

Message Funded by Shareholders.

Additional Information about the Special Meeting and Where to Find It

In connection with the Special Meeting, on May 4, 2026, SoCalGas filed a preliminary proxy statement with the SEC. On or around May 19, 2026, SoCalGas expects to file its definitive proxy statement and mail proxy cards for the Special Meeting to the shareholders of SoCalGas entitled to vote at the Special Meeting. This communication is not intended to be, and is not, a substitute for the proxy statement or any other document that SoCalGas may file with the SEC in connection with the Special Meeting. SOCALGAS URGES INVESTORS TO READ THE PROXY STATEMENT AND OTHER MATERIALS FILED WITH THE SEC (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) CAREFULLY AND IN THEIR ENTIRETY AS THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE SPECIAL MEETING AND THE PROPOSALS TO BE VOTED ON AT THE SPECIAL MEETING. Investors are able to obtain free copies of the proxy statement and other documents that will be filed by SoCalGas with the SEC (when available) at http://www.sec.gov, the SEC's website, or from SoCalGas' website at https://www.socalgas.com/about-us/special-shareholder-meeting. In addition, investors can obtain the Notice of Special Meeting of Shareholders, proxy statement and proxy card free of charge (when available) at www.proxyvote.com.

This communication does not constitute a solicitation of proxy, an offer to purchase or a solicitation of an offer to sell any securities. SoCalGas, its directors and certain of its officers and employees may be deemed to be participants in the solicitation of proxies from shareholders in connection with the Special Meeting. Information about SoCalGas' directors and executive officers is set forth in its definitive information statement for its 2026 annual shareholders meeting filed with the SEC on April 14, 2026. These documents may be obtained free of charge at the SEC's website at www.sec.gov or from the Sempra website at www.sempra.com under the "Investors" and "SEC Filings" tabs. Additional information regarding the interests of participants in the solicitation of proxies in connection with the Special Meetings will be included in the definitive proxy statement that SoCalGas will file the SEC in connection with the Special Meeting and other relevant materials SoCalGas may file with the SEC.

Information Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.

In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "pro forma," "strategic," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategies, goals, vision, mission, projections, intentions or expectations.

Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: the ability to obtain all necessary approvals to effect the amendment of our restated articles of incorporation and the retirement of the preferred stock; the ability to achieve the anticipated benefits of the transactions described herein; the effects on such transactions of industry, market, economic, political or regulatory conditions outside of SoCalGas' control; fees, costs and expenses associated with the transactions described herein; transaction-related tax and accounting impacts; the diversion of management time on transaction-related issues; and the effects on such transactions of factors affecting SoCalGas' business and securities, including the risks and uncertainties discussed in the reports we file with the SEC, including under the headings "Risk Factors" and "Information Regarding Forward-Looking Statements" in our annual report on Form 10-K for the year ended December 31, 2025 and subsequently filed quarterly reports on Form 10-Q. Investors should not rely unduly on any forward-looking statements.

SOURCE Southern California Gas Company

SAN DIEGO, May 13, 2026 /PRNewswire/ -- Sempra (NYSE: SRE) today announced that its board of directors has declared a $0.6575 per share quarterly dividend on the company's common stock, which is payable July 15, 2026, to common stock shareholders of record at the close of business on June 25, 2026.

About Sempra
Sempra's mission is to build America's leading utility growth business. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving energy resilience in California and Texas, the two largest economies in the U.S. The company is recognized as a leader in responsible business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in The Wall Street Journal's Management Top 250 and Fortune's World's Most Admired Companies. More information about Sempra is available at sempra.com and on social media @sempra.

SOURCE Sempra

A view shows Oncor substation during a heat advisory due to scorching weather in Dallas, Texas, U.S. July 12, 2022. REUTERS/Shelby Tauber Purchase Licensing Rights, opens new tab

SummaryCompaniesVoss Capital says independent Oncor would benefit from high growth, clearer investor storyHedge fund estimates Oncor could reach $78 billion valuation by 2028 if spun offTexas power demand surging, boosting Oncor's growth prospectsNEW YORK, May 28 (Reuters) - Activist investor Voss Capital ​has urged Sempra (SRE.N), opens new tab to spin off its Oncor electricity unit, creating a high-growth Texas-focused utility unencumbered by the $60 ‌billion energy giant's predominant California business, according to sources familiar with the matter and a letter seen by Reuters on Thursday.

The Houston-based hedge fund, which owns roughly 2 million shares, or less than 1%, of Sempra, argues that a newly independent Oncor Electric Delivery Company would be the highest-growth public transmission ​utility in the U.S., and could be worth as much as $78 billion by the end of 2028. Since Sempra controls ​around 80% of Oncor, its stake in the spinoff would be worth more than Sempra's current market ⁠value as a combined company, Voss said in the letter to its investors.

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It would make it easier for investors to understand Sempra, ​which Voss said is now unnecessarily complicated because it has three distinct businesses: its Southern California utility operations, Texas-based Oncor, and Sempra ​Infrastructure, which develops liquefied natural gas export facilities.

Voss' faith in separating Oncor is supported by the fact that much of its capital spending for the coming years is on projects that have already been approved by regulators, and that serve broad economic growth. The Texas utility also would not have any ​exposure to the wildfires that have devastated parts of California over the last decade and depressed the valuations of utilities operating in ​the state.

Investors have broadly wanted companies to separate these types of risks, industry analysts said, so others may back Voss Capital's position.

Oncor did not have ‌any immediate ⁠comment. Sempra did not respond to a request for comment. Voss declined further comment beyond the letter.

Voss Capital is an activist hedge fund with roughly $2 billion in capital that has become more vocal recently, industry analysts said. The fund has largely focused on the consumer products, industrial and technology, media and telecom sectors.

The hedge fund exerted forceful pressure on manufacturing conglomerate Griffon Corp that led to a significant restructuring ​and portfolio overhaul. The stock price ​nearly quadrupled since the campaign ⁠began in 2021. Last month it reached a settlement with food service technology company PAR Technology for a one-year non-voting board observership.

Power and energy stocks have been attracting broader investor interest as artificial ​intelligence and industrial electrification drive energy demand.

Texas has one of the fastest-growing economies among U.S. states ​and is projecting ⁠significantly higher power needs in the coming years. The Electric Reliability Council of Texas, which manages much of Texas' electric grid, forecast last month that peak electricity demand would climb from about 98,087 megawatts in 2026 to about 111,318 megawatts by 2032.

Oncor distributes power to more than 4 million ⁠Texas homes ​and businesses across more than 144,000 miles of transmission lines, according to its website. ​Sempra bought its Oncor stake in 2018 for $9.45 billion.

Sempra closed Thursday at $90.03 per share, up 2% since the beginning of the year. Over the same time period, ​the S&P utilities index (.SPLRCU), opens new tab has risen 4.1%.

Reporting by Svea Herbst-Bayliss and David French in New York. Editing by Dawn Kopecki and David Gregorio

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

, /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE), today announced that the ECA LNG Phase 1 liquefaction project in Ensenada, Mexico, has successfully started producing liquefied natural gas (LNG) as part of the commissioning process toward commercial operations.

ECA LNG "This achievement reflects the dedication of the entire ECA LNG Phase 1 team and their unwavering commitment to the highest standards of successful project development," said Justin Bird, CEO of Sempra Infrastructure. "The production of first LNG marks a significant milestone on the path to full operations expected in the coming months, enabling the delivery of reliable and secure energy from North America's Pacific Coast to global markets."

With its strategic location on Mexico's Pacific Coast, the ECA LNG facility will enable the supply of U.S. natural gas to Asia and other Pacific Basin markets through the shortest shipping route, reducing transit times and transportation costs and providing customers with greater access to competitively priced U.S. natural gas.

ECA LNG Phase 1 is a cornerstone of Sempra Infrastructure's dual-coast LNG portfolio. With projects along the U.S. Gulf Coast and Mexico's Pacific Coast, Sempra Infrastructure offers customers the flexibility and reliability needed to meet growing demand. The project is a joint venture with TotalEnergies and consists of a single liquefaction train with a nameplate capacity of 3.25 million tonnes per annum (Mtpa) of LNG. The project is supported by long-term sales and purchase agreements with TotalEnergies and Mitsui & Co.

ECA LNG Phase 1 is expected to reach substantial completion in the summer of 2026 with sales under long-term sale and purchase agreements commencing shortly thereafter, when the facility begins commercial operations. A second phase is also under development at the same site.

About Sempra Infrastructure

Sempra Infrastructure, headquartered in Houston, is focused on delivering energy for a better world by developing, building, operating and investing in modern energy infrastructure, such as LNG, energy networks and low-carbon solutions that are expected to play a crucial role in the energy systems of the future. Through the combined strength of its assets in North America, Sempra Infrastructure is connecting customers to safe and reliable energy and advancing energy security. Sempra Infrastructure is a subsidiary of Sempra (NYSE: SRE), a leading utility growth company. For more information, visit SempraInfrastructure.com or connect with Sempra Infrastructure on social media @SempraInfra.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.

In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "pro forma," "strategic," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategies, goals, vision, mission, projections, intentions or expectations.

Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: decisions, audits, investigations, inquiries, regulations, legislative actions, denials or revocations of permits, consents, approvals or other authorizations, and other actions, including the failure to honor contracts and commitments, by the (i) Comisión Nacional de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries where we do business; the success of business development efforts, construction projects, acquisitions, divestitures and other significant transactions such as the planned sale of a portion of Sempra's equity interest in Sempra Infrastructure Partners, including risks related to, as applicable, (i) being able to reach a positive final investment decision, (ii) negotiating pricing and other terms in definitive contracts, (iii) completing construction projects or other transactions on schedule and budget, (iv) realizing anticipated benefits from any of these efforts if completed, (v) obtaining regulatory and other approvals and (vi) third parties honoring their contracts and commitments, including with respect to closing or post-closing payments; changes to our capital expenditure plans and their potential impact on growth; changes, due to evolving economic, political and other factors and increasing geopolitical instability as a result of wars or other conflicts in various parts of the world, to (i) trade and other foreign policy, including the imposition of tariffs by the U.S. and foreign countries (and uncertainty related to the implementation and enforceability thereof), and (ii) laws and regulations, including those related to tax and the energy industry in the U.S. and Mexico; litigation, arbitration, property disputes and other proceedings; cybersecurity threats, including by nation-state actors, of ransomware or other attacks on our systems, the energy grid or our other infrastructure, or the systems of third parties with which we conduct business; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money or otherwise raise capital on favorable terms and meet our obligations, which can be affected by, among other things, (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, and (iii) fluctuating interest rates and inflation; the impact on our ability to pass through higher costs to customers due to volatility in inflation, interest rates, commodity prices, tariff rates, and foreign currency exchange rates; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas transportation capacity, including disruptions caused by failures in the pipeline and storage systems or limitations on the injection and withdrawal of natural gas from storage facilities; and other uncertainties, some of which are difficult to predict and beyond our control.

These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements.

Sempra Infrastructure and Sempra Infrastructure Partners are not the same company as San Diego Gas & Electric Company or Southern California Gas Company, and none of Sempra Infrastructure, Sempra Infrastructure Partners nor any of its subsidiaries is regulated by the California Public Utilities Commission.

SOURCE Sempra Infrastructure

SDG&E Prepares for Summer Heat with Strong Grid and Customer Support Measures PR Newswire SAN DIEGO, June 5, 202

Initial deployment in Southern California will demonstrate how real-time, on-site intelligence can strengthen climate resilience and emergency response

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, /PRNewswire/ -- San Diego Gas & Electric (SDG&E), a subsidiary of Sempra (NYSE:SRE), Qualcomm Technologies, Inc. and the University of California San Diego's Scripps Institution of Oceanography today announced Edge Alert Sentinel (EAS), a new collaboration that will bring artificial intelligence (AI) directly to the front lines of wildfire and extreme-weather response. Designed to detect and analyze rapidly changing conditions in real time, the initiative represents a new approach to environmental intelligence — processing critical data at the point of risk to help utilities and emergency responders act faster when it matters most.

While the initial deployment is in San Diego, the collaboration is intended to demonstrate how edge-based AI can support grid reliability, emergency preparedness and climate resilience.

Southern California faces some of the most complex wildfire and extreme-weather conditions in the nation, with Santa Ana winds, drought and highly varied terrain creating rapidly changing and often unpredictable risk. In these environments, conditions can shift in minutes, and delays are not an option. EAS will integrate environmental sensors, edge AI computing and atmospheric science to generate near-instant insights where conditions are unfolding — not minutes later in distant data centers. The first system is being installed on Mt. Palomar, where it will begin analyzing wind, weather and environmental data to provide earlier visibility into conditions that influence wildfire behavior and extreme-weather impacts.

"For nearly two decades, our region has avoided a catastrophic electrically caused wildfire because we chose to lead early and never stop looking ahead," said Scott Crider, President of SDG&E. "Edge Alert Sentinel reflects that same mindset. By working with Qualcomm Technologies and UC San Diego, we're bringing world-class technology and science together, so intelligence lives where the risk lives — on the front lines — and communities are safer because of it."

EAS reflects a shared effort to anticipate tomorrow's climate risks today — aligning utility operations, breakthrough technology and climate science into a coordinated approach designed to support faster, more informed decisions when seconds matter.

In parallel, Qualcomm Technologies and SDG&E are working to apply AI directly integrated on field devices and real-time connectivity to support automated inspections of critical utility infrastructure through autonomous aerial operations, extending the same intelligence-at-the-edge approach to physical grid assets.

Intelligence-at-the-Edge — Where Conditions Unfold
Traditional monitoring systems often rely heavily on remote cloud processing, which can introduce delays — particularly during severe weather or emergencies. EAS will process data at the point of collection, enabling rapid analysis even when connectivity is strained.

"Through this collaboration, we're intending to bring real-time intelligence directly to the front lines of wildfire response," said Nakul Duggal, EVP and Group GM, Automotive, Industrial and Embedded IoT, and Robotics, Qualcomm Technologies, Inc. "By combining on-site AI with advanced sensing and connectivity, we're helping deliver faster, more reliable insights where conditions are changing — so responders can assess risk and act with greater speed and confidence."

This on-site processing enables near-instant analysis, reducing delays that can cost critical time during wildfire response and helping utility responders move more quickly from observation to action during fast-changing conditions.

At the core of the deployment is a ruggedized edge AI gateway platform powered by the Qualcomm Dragonwing™ IQ9 processor, a high-performance, multi-core application processor that features a neural-processing unit capable of delivering up to 100 trillion operations per second. Using an MLOps platform from Edge Impulse, a Qualcomm company, on-device models help forecast conditions that could impact grid infrastructure in residential areas, to support more proactive decision-making for utility operators. Monitoring data and predictive alerts can be transmitted directly to SDG&E's control center via its private cellular network.

These localized analytics and telemetry data will help identify emerging risks earlier, strengthening operational decision-making, safety and overall grid resilience.

Industry and Academia Unite to Deliver Actionable Intelligence
EAS unites complementary strengths across industry and academia:

Qualcomm Technologies will provide advanced on-device AI processing capabilities and low-latency, edge-computing architecture to support SDG&E's environmental intelligence, autonomous inspection and grid-resilience efforts at the edge. SDG&E will contribute operational expertise, grid infrastructure and weather-data networks. Scripps Institution of Oceanography will provide long-standing observational data and scientific expertise to enhance modeling and real-time analysis. Together, the collaborators are building a continuous loop of live data, on-site AI analysis and actionable insights designed to translate rapidly changing conditions into timely action that enhance safety, reliability and grid resilience.

Why This Matters for the Region
By delivering intelligence directly at the point of risk, EAS is designed to reduce latency, improve preparedness and strengthen coordination across utilities and emergency responders — helping protect lives, communities and critical ecosystems in regions facing increasingly complex weather risks.

While developed in Southern California, the approach is designed to scale to other regions facing increasingly frequent and severe climate-driven events — from wildfires to extreme storms — where real-time, location-specific intelligence can improve how decisions are made under pressure.

"Scripps has been making real-time observations of atmospheric conditions throughout San Diego County since the turn of the millennium, building a uniquely rich dataset that advances our understanding of wildfire and extreme weather risk in Southern California," said Frank Vernon, director of the University of California Scripps Institute of Oceanography High Performance Wireless Research and Education Network. "With this new onsite AI capability, we're moving beyond observation to predicting impact in real time — at the exact moment and place where danger emerges. That's what becomes possible when industry brings operational scale, real-world deployment experience, and urgent community needs together with academia's scientific rigor and long-term observational record."

What's next
During the upcoming Public Safety Power Shutoff season, the companies will evaluate the performance of the initial Palomar Mountain deployment, a high-elevation site critical for wildfire and extreme-weather monitoring in the region, with plans to expand the technology to additional sites beginning next year. Insights from the pilot phase will inform expansion, enhanced modeling capabilities and broader regional applications, with a wider rollout targeted for 2027. The collaboration will also explore joint training and coordination opportunities to support emergency preparedness across Southern California and other regions facing similar risks.

About SDG&E
San Diego Gas & Electric® (SDG&E) is an innovative energy-delivery company that provides clean, safe and reliable energy to better the lives of the people it serves in San Diego and southern Orange counties. The company is committed to creating a sustainable future by increasing energy delivered from low- or zero-carbon sources; accelerating the adoption of electric vehicles and investing in innovative technologies to ensure the reliable operation of the region's infrastructure for generations to come. SDG&E is a recognized leader in its industry and community, as demonstrated by being named Corporate Partner of the Year at the San Diego Business Journal's Nonprofit & Corporate Citizenship Awards and receiving PA Consulting's ReliabilityOne® Award for Outstanding Reliability Performance for 20 consecutive years. SDG&E is a subsidiary of Sempra (NYSE: SRE), a leading U.S. utility growth business. For more information, visit SDGEtoday.com or connect with SDG&E on social media @SDGE. Message funded by SDG&E shareholders.

About Qualcomm
Qualcomm relentlessly innovates to deliver intelligent computing everywhere, helping the world tackle some of its most important challenges. Building on our 40 years of technology leadership in creating era-defining breakthroughs, we deliver a broad portfolio of solutions built with our leading-edge AI, high-performance, low-power computing, and unrivaled connectivity. Our Snapdragon® platforms power extraordinary consumer experiences, and our Qualcomm Dragonwing™ products empower businesses and industries to scale to new heights. Together with our ecosystem partners, we enable next-generation digital transformation to enrich lives, improve businesses, and advance societies. At Qualcomm, we are engineering human progress.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering and research and development functions and substantially all of our products and services businesses, including our QCT semiconductor business. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patents are licensed by Qualcomm Incorporated.

About UC San Diego's Scripps Institution of Oceanography
Scripps Institution of Oceanography is one of the world's premier centers for climate, atmospheric and Earth science research, providing foundational knowledge for regional resilience. Visit scripps.ucsd.edu.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.

In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "pro forma," "strategic," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategies, goals, vision, mission, projections, intentions or expectations.

Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054 and the wildfire fund continuation account established by California Senate Bill 254, rates from customers or a combination thereof; decisions, disallowances or denials of cost recovery, audits, investigations, inquiries, ordered studies, regulations, legislative actions, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S. and states, counties, cities and other jurisdictions therein where we do business; the success of business development efforts and construction projects, including risks related to, as applicable, (i) negotiating pricing and other terms in definitive contracts, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, (iv) obtaining regulatory and other approvals and (v) third parties honoring their contracts and commitments; changes to our capital expenditure plans and their potential impact on rate base or other growth; changes, due to evolving economic, political and other factors and increasing geopolitical instability as a result of wars or other conflicts in various parts of the world, to (i) trade and other foreign policy, including the imposition of tariffs by the U.S. and foreign countries (and uncertainty related to the implementation and enforceability thereof), and (ii) laws and regulations, including those related to tax; litigation, arbitration, property disputes and other proceedings; cybersecurity threats, including by nation-state actors, of ransomware or other attacks on our systems, the energy grid or our other infrastructure, or the systems of third parties with which we conduct business; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money or otherwise raise capital on favorable terms and meet our obligations, which can be affected by, among other things, (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, and (iii) fluctuating interest rates and inflation; the impact of efforts to increase affordability of U.S. utility customer rates on our ability to obtain cost recovery from applicable regulators, our capital expenditure and other growth plans and our ability to advance statewide policies; the impact on affordability of customer rates, cost of capital and operating margin due to (i) volatility in inflation, interest rates, commodity prices, and tariff rates and (ii) the cost of meeting the demand for lower carbon and reliable energy in California; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power, natural gas and natural gas storage and transportation capacity, including disruptions caused by failures in the transmission grid or pipeline and storage systems or limitations on the injection and withdrawal of natural gas from storage facilities; and other uncertainties, some of which are difficult to predict and beyond our control.

These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements.

Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, nor are they regulated by the CPUC.

SOURCE San Diego Gas & Electric (SDG&E)

, /PRNewswire/ -- Sempra (NYSE: SRE) today announced new developments in Texas relating to last week's endorsement by the Electric Reliability Council of Texas (ERCOT) of several new transmission projects serving the southern Dallas–Fort Worth area and the I-35 corridor. Together with a series of other high voltage upgrades in the southern Dallas–Fort Worth area endorsed by ERCOT in April, these projects are expected to require new investment of over $7 billion. When placed in service, which is anticipated between 2026 and 2034, these projects will support approximately 16 gigawatts of new electric demand. Oncor Electric Delivery Company (Oncor), of which Sempra owns an 80.25% stake,1 is the state's largest transmission and distribution electric utility and expects to construct the vast majority of these projects.

"At a time when the state of Texas is experiencing unprecedented growth in electricity demand, Oncor has taken an important leadership role in advancing critical new infrastructure for the benefit of its customers," said Jeffrey W. Martin, chairman and CEO of Sempra. "The timing is also important. As the interconnection rules for new large load customers continue to develop, Oncor is proactively building out and strengthening its supply chain and construction capabilities to accelerate the ongoing expansion of its electric grid."

Oncor is currently executing a company-record $47.5 billion base capital plan for 2026 through 2030. The estimated capital expenditures through 2030 for these new investments are captured within the previously identified $10 billion incremental capital opportunity to Oncor's base capital plan, with a portion representing additional projected investment extending beyond the current five-year plan period. Projects remain subject to additional regulatory approvals.

ERCOT is the region's independent system operator responsible for managing the flow of electric power to more than 27 million Texas customers, or about 90 percent of the state's electric load, and coordinating grid interconnectivity. To address accelerating demand, the ERCOT board of directors has approved a system-wide approach to sequence large-load interconnection requests, which is known as the Batch Zero process. The PUCT is expected to consider final approval of the Batch Zero process later this month. Thereafter, ERCOT is expected to announce full details on the amount of additional transmission upgrades that will be required to support a significant increase in projected electricity demand from large load customers in the second quarter of 2027.

These recent developments at ERCOT provide further momentum and visibility to the strong projected growth beyond Oncor's base capital plan, as well as the company's dedication to supporting its customers' efforts in powering the Texas economy.

About Sempra

Sempra's mission is to build America's leading utility growth business. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving energy resilience in California and Texas, the two largest economies in the U.S. The company is recognized as a leader in responsible business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in The Wall Street Journal's Management Top 250 and Fortune's World's Most Admired Companies. More information about Sempra is available at sempra.com and on social media @sempra.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. 

In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "pro forma," "strategic," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategies, goals, vision, mission, projections, intentions or expectations. 

Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054 and the wildfire fund continuation account established by California Senate Bill 254, rates from customers or a combination thereof; decisions, disallowances or denials of cost recovery, audits, investigations, inquiries, ordered studies, regulations, legislative actions, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) Comisión Nacional de Energía, California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, U.S. Internal Revenue Service, Public Utility Commission of Texas and other regulatory bodies and (ii) U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries where we do business; the success of business development efforts, construction projects, acquisitions, divestitures, and other significant transactions such as the planned sale of a portion of our equity interest in Sempra Infrastructure Partners, including risks related to, as applicable, (i) being able to reach a positive final investment decision, (ii) negotiating pricing and other terms in definitive contracts, (iii) completing construction projects or other transactions on schedule and budget, (iv) realizing anticipated benefits from any of these efforts if completed, (v) obtaining regulatory and other approvals and (vi) third parties honoring their contracts and commitments, including with respect to closing or post-closing payments; changes to our capital expenditure plans and their potential impact on rate base or other growth; changes, due to evolving economic, political and other factors and increasing geopolitical instability as a result of wars or other conflicts in various parts of the world, to (i) trade and other foreign policy, including the imposition of tariffs by the U.S. and foreign countries (and uncertainty related to the implementation and enforceability thereof), and (ii) laws and regulations, including those related to tax and the energy industry in the U.S. and Mexico; litigation, arbitration, property disputes and other proceedings; cybersecurity threats, including by nation-state actors, of ransomware or other attacks on our systems, the energy grid or our other infrastructure, or the systems of third parties with which we conduct business; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money or otherwise raise capital on favorable terms and meet our obligations, which can be affected by, among other things, (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, and (iii) fluctuating interest rates and inflation; the impact of efforts to increase affordability of U.S. utility customer rates on our ability to obtain cost recovery from applicable regulators, our capital expenditure and other growth plans and our ability to advance statewide policies; the impact on affordability of customer rates, cost of capital and operating margin due to (i) volatility in inflation, interest rates, commodity prices, tariff rates, and foreign currency exchange rates and (ii) with respect to SDG&E's and SoCalGas' businesses, the cost of meeting the demand for lower carbon and reliable energy in California; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power, natural gas and natural gas storage and transportation capacity, including disruptions caused by failures in the transmission grid or pipeline and storage systems or limitations on the injection and withdrawal of natural gas from storage facilities; Oncor Electric Delivery Company LLC's (Oncor) ability to reduce or eliminate its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; and other uncertainties, some of which are difficult to predict and beyond our control.  

These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. 

Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, nor are they regulated by the CPUC. 

1 Certain ring-fencing measures, governance mechanisms and commitments limit Sempra's ability to direct the management, policies and operations of Oncor, which has its own board of directors (a majority of which are independent directors) that oversees the management of its activities and sets its company policies.

SOURCE Sempra

, /PRNewswire/ -- Southern California Gas Co. (SoCalGas), a subsidiary of Sempra (NYSE: SRE), announced today that its energy efficiency programs helped customers save more than $106 million on their utility bills in 2025—reducing energy use by approximately 54 million net therms, enough to serve about 38,000 homes annually1.

SoCalGas operates more than 70 customer-facing energy efficiency programs that collectively delivered $1.41 in total customer value for every $1 invested in 2025. "These programs are giving customers more control of their energy use and helping lower their bills," Andy Carrasco, vice president, communications and regional stakeholder engagement at SoCalGas. "We're providing simple, practical tools, rebates, and services so families and small businesses across Southern California can save energy and better manage what they spend each month."

SoCalGas operates more than 70 customer-facing energy efficiency programs that help households and businesses better manage energy use and costs through rebates, direct installation services, property assessments, and financial options. Under the California Public Utilities Commission (CPUC) cost-effectiveness standard, these programs collectively delivered $1.41 in total customer value for every $1 invested in 2025.

These efforts also helped avoid approximately 286,000 metric tons of carbon dioxide equivalent (CO2e) emissions in 2025, or the equivalent of removing more than 66,000 gasoline-powered passenger vehicles from the road for a year1.

Energy efficiency programs are one important way SoCalGas helps customers manage their energy costs today. They also support long-term affordability by reducing overall energy demand and helping limit price volatility during extreme conditions.

As highlighted in The Affordable Way for California, this approach—combining energy efficiency with investments in system reliability and underground storage—helps support customer energy needs and underscores the value of a flexible, resilient energy system.

Between 2021 and 2025, SoCalGas' energy efficiency programs have helped customers save more than $475 million on their utility bills and reduce energy use by more than 242 million net therms—enough to serve about 172,000 homes annually. These efforts have also helped avoid approximately 1.28 million metric tons of CO2e emissions1.

Learn more about SoCalGas' energy efficiency programs and ways to save at https://www.socalgas.com/savings. Click to read the full Energy Efficiency Programs 2025 Annual Report.

About SoCalGas

SoCalGas is the largest gas distribution utility in the United States, serving more than 21 million consumers across approximately 24,000 square miles of Central and Southern California. Our mission is: Safe, Reliable, and Affordable energy delivery today. Ready for tomorrow. SoCalGas is a recognized leader in the energy industry and has been named Corporate Member of the Year by the Los Angeles Chamber of Commerce for its volunteer leadership in the communities it serves. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading U.S. utility growth business. For more information, visit SoCalGas.com/newsroom or connect with SoCalGas on social media @SoCalGas. 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.

In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "pro forma," "strategic," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategies, goals, vision, mission, projections, intentions or expectations.

Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: decisions, disallowances or denials of cost recovery, audits, investigations, inquiries, ordered studies, regulations, legislative actions, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S. and states, counties, cities and other jurisdictions therein where we do business; the success of business development efforts and construction projects, including risks related to, as applicable, (i) negotiating pricing and other terms in definitive contracts, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, (iv) obtaining regulatory and other approvals and (v) third parties honoring their contracts and commitments; changes to our capital expenditure plans and their potential impact on rate base or other growth; changes, due to evolving economic, political and other factors and increasing geopolitical instability as a result of wars or other conflicts in various parts of the world, to (i) trade and other foreign policy, including the imposition of tariffs by the U.S. and foreign countries (and uncertainty related to the implementation and enforceability thereof), and (ii) laws and regulations, including those related to tax; litigation, arbitration, property disputes and other proceedings; cybersecurity threats, including by nation-state actors, of ransomware or other attacks on our systems, the energy grid or our other infrastructure, or the systems of third parties with which we conduct business; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money or otherwise raise capital on favorable terms and meet our obligations, which can be affected by, among other things, (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, and (iii) fluctuating interest rates and inflation; the impact of efforts to increase affordability of U.S. utility customer rates on our ability to obtain cost recovery from applicable regulators, our capital expenditure and other growth plans and our ability to advance statewide policies; the impact on affordability of customer rates, cost of capital and operating margin due to (i) volatility in inflation, interest rates, commodity prices, and tariff rates and (ii) the cost of meeting the demand for lower carbon and reliable energy in California; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage and transportation capacity, including disruptions caused by failures in the pipeline and storage systems or limitations on the injection and withdrawal of natural gas from storage facilities; and other uncertainties, some of which are difficult to predict and beyond our control.

These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements.

Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, nor are they regulated by the CPUC.

Message funded by ratepayers.

1 Estimates of avoided CO2e emissions from reduced natural gas consumption associated with program participation are calculated in accordance with California Public Utilities Commission (CPUC) methodologies, and estimates of equivalent avoided greenhouse gas emissions from gasoline-powered passenger vehicles driven for one year and equivalent avoided carbon dioxide emissions from homes' energy use for one year are converted from [net] therms or CO2e, as applicable, using the U.S. Environmental Protection Agency's (EPA) Greenhouse Gas Equivalencies calculator. These figures represent estimates as of a point in time and future changes or updates to the EPA calculator may impact the results.

SOURCE Southern California Gas Co.

NEW YORK, June 10, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds AeroVironment, Inc. (“AeroVironment” or the “Company”) (NASDAQ: AVAV) investors of the July 27, 2026 deadline involving a securities fraud class action lawsuit commenced against the Company.

Should You Join The AeroVironment Class Action Lawsuit:

Do you, or did you, own shares of AeroVironment, Inc. (NASDAQ: AVAV)?Did you sell your shares between June 25, 2025 and March 10, 2026, inclusive?Did you lose money in your investment in AeroVironment, Inc.? Investors are encouraged to act promptly and submit a form at AeroVironment, Inc. Shareholder Class Action Lawsuit or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected].

If you wish to serve as lead plaintiff for the Class, you must file papers by July 27, 2026. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

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

About The Lawsuit:

A lawsuit was filed on behalf of investors (the “Class”) who purchased or acquired the securities of AeroVironment between June 25, 2025 and March 10, 2026, inclusive, alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its senior officers.

The lawsuit alleges that defendants made materially false and misleading statements and omissions regarding the Company’s business operations, growth prospects, and financial stability. As a result of these alleged misrepresentations, AeroVironment securities traded at artificially inflated prices during the Class Period. When the truth was disclosed, investors allegedly suffered significant losses.

About Bernstein Liebhard:

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.

ATTORNEY ADVERTISING. © 2026 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information:

Peter Allocco
Investor Relations Manager
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
[email protected]

New York, New York--(Newsfile Corp. - June 10, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against AeroVironment, Inc. (NASDAQ: AVAV) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired AeroVironment securities between June 25, 2025 and March 10, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/AVAV.

AeroVironment Case Details

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, the Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that:

AeroVironment understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the SCAR program and the U.S. Space Force's ongoing efforts to modernize the SCN; accordingly, Defendants overstated AeroVironment's business and financial prospects; and as a result, Defendants' public statements were materially false and misleading at all relevant times.What's Next for AeroVironment Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/AVAV, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in AeroVironment you have until July 27, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to AeroVironment Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for AeroVironment Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

Follow us for updates on LinkedIn, X, Facebook, or Instagram.

Attorney advertising.
Prior results do not guarantee similar outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299073

Source: Bronstein, Gewirtz & Grossman, LLC

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LOS ANGELES, June 10, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises AeroVironment, Inc., (“AeroVironment” or the "Company") (NASDAQ: AVAV) investors of a class action on behalf of investors that bought securities between June 25, 2025 and March 10, 2026, inclusive (the “Class Period”). AeroVironment investors have until July 27, 2026 to file a lead plaintiff motion.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or join the case via https://portnoylaw.com/aerovironment-inc. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

AeroVironment designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses. The AeroVironment class action lawsuit alleges on May 1, 2025, AeroVironment announced it had completed the acquisition of BlueHalo, LLC, which had previously been awarded a contract to support the U.S. Space Force’s Satellite Communication Augmentation Resource (“SCAR”) program. The SCAR program represents the U.S. Space Force’s efforts to modernize antennas used by the Satellite Control Network (“SCN”), which is comprised of 19 fixed antennas across the world and executes tasks such as tracking satellites, transmitting signals, and conducting telemetry, or accessing data from satellites to assess their status and health, according to the complaint.

The AeroVironment class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) AeroVironment understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the SCAR program and the U.S. Space Force’s ongoing efforts to modernize the SCN; and (ii) accordingly, defendants overstated AeroVironment’s business and financial prospects.

The AeroVironment class action lawsuit further alleges that on January 20, 2026, AeroVironment announced that the U.S. government had issued a stop work order on AeroVironment’s agreement to deliver BADGER systems to the SCAR program. In the same announcement, AeroVironment allegedly stated that the stop work order “allows for the parties to negotiate an amended agreement for the future of the SCAR program” and that “[t]he Company expects to continue to deliver capabilities and products for the SCAR program.” On this news, the price of AeroVironment stock fell nearly 16%, according to the complaint.

Then, on March 2, 2026, SpaceNews allegedly reported that the U.S. Space Force was reopening the SCAR program and “reassessing how to move forward.” Space News quoted Colonel Owen Stevens, director of contracting at the Space Rapid Capabilities Office, which supervised SCAR, as stating: “We have been in conversations with the SAE [senior acquisition executive] for a little while now, and we are going to move into a new acquisition strategy for SCAR,” the complaint alleges. On this news, the price of AeroVironment stock fell more than 17%, according to the complaint.

Finally, on March 10, 2026, the complaint alleges that AeroVironment announced its financial results for the third quarter of fiscal year 2026. Among other items, AeroVironment allegedly reported a third-quarter operating loss of $179.0 million, compared to an operating loss of $3.1 million for the same period in fiscal year 2025. These financial results reflected the impact of a $151.3 million goodwill impairment in AeroVironment’s space division after the stop work order on AeroVironment’s BADGER systems built for the SCAR program, according to the AeroVironment class action lawsuit. AeroVironment also allegedly reported that the U.S. Space Force had terminated AeroVironment’s contract concerning the SCAR program, and as a result, it would have to “recompete” for the SCAR program. On this news, the price of AeroVironment stock fell more than 6%, the complaint alleges.

The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bar
[email protected]
310-692-8883
www.portnoylaw.com

Attorney Advertising

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

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN AEROVIRONMENT, INC. (AVAV), CLICK HERE BEFORE JULY 27, 2026 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

What Is The Lawsuit About? 
The complaint filed alleges that, between June 25, 2025 and March 10, 2026, Defendants failed to disclose to investors that: (1) AeroVironment understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the SCAR program and the U.S. Space Force's ongoing efforts to modernize the SCN; (2) accordingly, Defendants overstated AeroVironment's business and financial prospects; and (3) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

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

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

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

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

SOURCE The Law Offices of Frank R. Cruz, Los Angeles

New York, New York--(Newsfile Corp. - June 10, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of AeroVironment, Inc. (NASDAQ: AVAV) between June 25, 2025 and March 10, 2026, inclusive (the "Class Period"), of the important July 27, 2026 lead plaintiff deadline.

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

WHAT TO DO NEXT: To join the AeroVironment class action, go to https://rosenlegal.com/cases/aerovironment-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 27, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) AeroVironment understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the U.S. Space Force's Satellite Communication Augmentation Resources ("SCAR") program and the U.S. Space Force's ongoing efforts to modernize the Satellite Control Network ("SCN"); (2) accordingly, defendants overstated AeroVironment's business and financial prospects; and (3) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

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

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300940

Source: The Rosen Law Firm PA

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, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against AeroVironment, Inc. ("AeroVironment" or "the Company") (NASDAQ: AVAV) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of AVAV during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: June 25, 2025 to March 10, 2026
DEADLINE: July 27, 2026

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. AeroVironment misled investors over the level of competition it faced for contracts with the U.S. Space Force's Satellite Communication Augmentation Resource ("SCAR") program. Based on these facts, AeroVironment's public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

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

CONTACT:

David J. Schwartz

DJS Law Group

274 White Plains Road, Suite 1

 Eastchester, NY 10709

Phone: 914-206-9742

Email: [email protected]

SOURCE DJS Law Group LLP

Alert: Claims Focus on AeroVironment's Reliance on a Single-Vendor Bespoke Contract That Allegedly Left Investors Exposed When the Space Force Shifted to Multi-Vendor Commercial Solutions

, /PRNewswire/ -- SueWallSt reminds purchasers of AeroVironment, Inc. (NASDAQ: AVAV) securities of a pending securities class action.

THE CASE: A class action seeks to recover damages for investors who purchased AVAV securities between June 25, 2025 and March 10, 2026.

YOUR OPTIONS: You may be entitled to compensation without payment of any out-of-pocket fees. See if you can recover losses or contact Joseph E. Levi, Esq. at [email protected] or (888) SueWallSt.

AeroVironment's space division revenue depended on a single customer contract worth $1.7 billion to deliver bespoke BADGER phased array antenna systems under the SCAR program. When the U.S. Space Force terminated that contract for convenience and shifted toward a multi-vendor, commercial off-the-shelf acquisition strategy, AeroVironment recorded a $151.3 million goodwill impairment and a $179.0 million operating loss in a single quarter. Investors have until July 27, 2026 to seek lead plaintiff status.

How a Bespoke, Single-Customer Model Allegedly Created Concentrated Risk

A defense contractor building a custom product to one customer's specifications faces a fundamentally different risk profile than a company selling standardized equipment to multiple buyers. The complaint contends that AeroVironment's BADGER system was designed specifically for the Space Force's SCAR program, creating a dependency that management allegedly failed to disclose. The U.S. Government Accountability Office had described the Satellite Control Network as "aging and difficult to maintain" as early as April 2023, yet the lawsuit asserts that defendants characterized the arrangement as stable and poised for growth rather than acknowledging the customer's evolving procurement philosophy.

Alleged Vendor Concentration Impact by the Numbers

Approximately $1.5 billion of AeroVironment's $3 billion unfunded backlog was tied to a single program, SCAR, representing roughly 50% concentration risk in one contract The BADGER system was a bespoke product built to Space Force specifications, not a commercial off-the-shelf solution adaptable to other customers The stop work order triggered a reevaluation that reduced the acquired space business value by approximately 17% from its acquisition date valuation AeroVironment's Q3 FY2026 operating loss ballooned from $3.1 million the prior year to $179.0 million, driven almost entirely by the SCAR-related impairment Revenue guidance was lowered from $1.95-$2.0 billion to $1.85-$1.95 billion after the contract disruption The BlueHalo acquisition, completed at a $4.1 billion enterprise value, was premised in part on the SCAR contract's continued execution Acquisition Strategy and the Alleged SCAR Dependency

The filing states that AeroVironment completed its acquisition of BlueHalo for approximately $4.1 billion in enterprise value on May 1, 2025. BlueHalo had originally won the $1.4 billion SCAR contract, later increased to $1.7 billion. The lawsuit chronicles how this acquisition effectively doubled down on a single-vendor relationship with the Space Force. When the customer pivoted toward diversifying suppliers and pursuing commercial solutions, the complaint alleges that the concentrated operational model unraveled, taking $151.3 million in goodwill with it.

"The complaint raises serious questions about whether investors received accurate information regarding the sustainability of a revenue model dependent on a single bespoke government contract," stated Joseph E. Levi, Esq.

Calculate your potential recovery or call (888) SueWallSt.

ABOUT SUEWALLST -- Over the past 20 years, SueWallSt has secured hundreds of millions of dollars for aggrieved shareholders. The firm has extensive expertise in complex securities litigation and a team of over 70 employees. For seven consecutive years, SueWallSt has ranked in ISS Securities Class Action Services' Top 50 Report. Motions for lead plaintiff must be filed with the Court by July 27, 2026.

Frequently Asked Questions About the AVAV Lawsuit

Q: Who is eligible to join the AVAV investor lawsuit? A: Investors who purchased AVAV stock or securities between June 25, 2025 and March 10, 2026 and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses, not on whether you still hold the shares.

Q: When did AeroVironment allegedly mislead investors? A: The class period runs from June 25, 2025 to March 10, 2026. The alleged fraud was revealed through a series of corrective disclosures beginning January 20, 2026 that caused significant stock declines totaling approximately 47%.

Q: What do AVAV investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact SueWallSt for a free, no-obligation evaluation at [email protected] or (888) SueWallSt. No immediate action is required to remain eligible as a class member.

Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.

Q: What if I already sold my AVAV shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold them. Investors who bought during the class period and sold at a loss may still participate.

Q: What does it cost me to participate? A: Nothing. Securities class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.

Q: What if I missed the lead plaintiff deadline? A: The deadline applies only to investors seeking lead plaintiff appointment. Class members who miss it can still participate in any settlement or recovery.

CONTACT:
SueWallSt
Joseph E. Levi, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (888) SueWallSt
Fax: (212) 363-7171

SOURCE SueWallSt.com

, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against AeroVironment, Inc. ("AeroVironment" or the "Company") (NASDAQ: AVAV) and certain officers. The class action, filed in the United States District Court for the Eastern District of Virginia, and docketed under 26-cv-01429, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired AeroVironment securities between June 25, 2025 and March 10, 2026, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are an investor who purchased or otherwise acquired AeroVironment securities during the Class Period, you have until July 27, 2026, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.  

[Click here for information about joining the class action]

AeroVironment operates as a defense technology provider delivering integrated capabilities across air, land, sea, space, and cyber.

On May 1, 2025, AeroVironment announced it had completed the acquisition of BlueHalo, LLC ("BlueHalo"), a defense technology firm specializing in advanced engineering products, in an all-stock transaction with an enterprise value of approximately $4.1 billion.

Three years earlier, BlueHalo had been awarded a $1.4 billion contract to deliver BADGER phased array antenna systems (a type of advanced ground-terminal system used to track satellites), to support the United States Space Force's Satellite Communication Augmentation Resource ("SCAR") program.  The BADGER would be a bespoke product designed for the United States ("U.S.") Space Force, according to its specifications.  This contract value subsequently increased to $1.7 billion. 

The SCAR program represents the U.S. Space Force's efforts to modernize antennas used by the Satellite Control Network ("SCN"), which is comprised of 19 fixed antennas across the world and executes tasks such as tracking satellites, transmitting signals, and conducting telemetry, or accessing data from satellites to assess their status and health.

In an April 2023 report, the U.S. Government Accountability Office described the SCN as "aging and difficult to maintain."  The U.S. Space Force has described the purpose of the SCAR program as modernizing the aging SCN by introducing phased array antennas to the network that boast newer capabilities, such as the ability to communicate with more than one satellite simultaneously. 

During the Class Period, Defendants consistently assured investors that the SCAR program would drive revenue growth for AeroVironment moving forward.  Among other items, Defendants stated that the SCAR program represented a "tremendous growth opportunity," that AeroVironment's work pursuant to the contract was "very much on track," that the customer was "asking for more [BADGER systems]," and that the Company stood "ready to build more."

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) AeroVironment understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the SCAR program and the U.S. Space Force's ongoing efforts to modernize the SCN; (ii) accordingly, Defendants overstated AeroVironment's business and financial prospects; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times.

On January 20, 2026, AeroVironment announced that the U.S. government had issued a stop work order on the Company's agreement to deliver BADGER systems to the SCAR program.  In the same announcement, AeroVironment stated that the stop work order "allows for the parties to negotiate an amended agreement for the future of the SCAR program" and that "[t]he Company expects to continue to deliver capabilities and products for the SCAR program."  

On this news, AeroVironment's stock price fell $61.97 per share, or 15.77%, to close at $330.89 per share on January 20, 2026.

Then, on March 2, 2026, Space News reported that the U.S. Space Force was reopening the SCAR program and "reassessing how to move forward."  Space News quoted Colonel Owen Stevens, director of contracting at the Space Rapid Capabilities Office, which supervised SCAR, as stating, "We have been in conversations with the [senior acquisition executive] for a little while now, and we are going to move into a new acquisition strategy for SCAR."  

On this news, AeroVironment's stock price fell $43.93 per share, or 17.42%, to close at $208.32 per share on March 2, 2026.

Then, on March 10, 2026, AeroVironment announced its financial results for the third quarter of fiscal year 2026.  Among other items, AeroVironment reported a third-quarter operating loss of $179.0 million, compared to an operating loss of $3.1 million for the same period in fiscal year 2025.  These financial results reflected the impact of a $151.3 million goodwill impairment in the Company's space division after the stop work order on the Company's BADGER systems built for the SCAR program.  AeroVironment also reported that the U.S. Space Force had terminated the Company's contract concerning the SCAR program, and as a result, it would have to "recompete" for the SCAR program.

On this news, AeroVironment's stock price fell $13.84 per share, or 6.24%, to close at $207.73 per share on March 11, 2026.

On March 31, 2026, the U.S. Space Force announced its decision to diversify suppliers and rely on less costly commercial, off-the-shelf solutions in connection with its work to upgrade the SCN, instead of pursuing another single-vendor bespoke solution. 

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com. 

Attorney advertising.  Prior results do not guarantee similar outcomes.  

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In AeroVironment (AVAV) To Contact Him Directly To Discuss Their Options

If you purchased or acquired AeroVironment securities between June 25, 2025 and March 10, 2026 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Melissa Fortunato directly at (212) 355-4648.

Click here to participate in the action.

NEW YORK, June 11, 2026 (GLOBE NEWSWIRE) --

What’s Happening:

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against AeroVironment, Inc. (“AeroVironment” or the “Company”) (NASDAQ:AVAV) in the United States District Court for the Eastern District of Virginia on behalf of all persons and entities who purchased or otherwise acquired AeroVironment securities between June 25, 2025 and March 10, 2026, both dates inclusive (the “Class Period”). Investors have until July 27, 2026 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Allegation Details:

The lawsuit alleges that Defendants made false and misleading statements and/or failed to disclose material adverse facts by understating the likelihood that AeroVironment would imminently face competition from other vendors for the work it performed in connection with the Satellite Communication Augmentation Resource program and the U.S. Space Force’s ongoing efforts to modernize the Satellite Control Network.
On January 20, 2026, AeroVironment announced that the U.S. government had issued a stop work order on the Company’s agreement to deliver BADGER systems to the SCAR program. On this news, AeroVironment's stock price fell $61.97 per share, or over 15%, to close at $330.89 per share on January 20, 2026.
Then, on March 10, 2026, AeroVironment announced disappointing financial results for the third quarter of fiscal year 2026. These financial results reflected the impact of a $151.3 million goodwill impairment in the Company’s space division after the stop work order on the Company’s BADGER systems built for the SCAR program. AeroVironment also reported that the U.S. Space Force had terminated the Company’s contract concerning the SCAR program, and as a result, it would have to “recompete” for the SCAR program. On this news, AeroVironment’s stock price fell $13.84 per share, or 6.24%, to close at $207.73 per share on March 11, 2026.
Next Steps:

If you purchased or otherwise acquired AeroVironment shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities, derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com.  Attorney advertising.  Prior results do not guarantee similar outcomes.
Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.

Contact Information:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
[email protected]
www.bespc.com

New York, New York--(Newsfile Corp. - June 11, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of AeroVironment, Inc. (NASDAQ: AVAV) between June 25, 2025 and March 10, 2026, inclusive (the "Class Period"), of the important July 27, 2026 lead plaintiff deadline.

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

WHAT TO DO NEXT: To join the AeroVironment class action, go to https://rosenlegal.com/cases/aerovironment-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 27, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) AeroVironment understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the U.S. Space Force's Satellite Communication Augmentation Resources ("SCAR") program and the U.S. Space Force's ongoing efforts to modernize the Satellite Control Network ("SCN"); (2) accordingly, defendants overstated AeroVironment's business and financial prospects; and (3) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

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

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

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

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301164

Source: The Rosen Law Firm PA

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“Last year I invested in this stock, and I am currently down 30%, patiently waiting on a rebound.” That confession came from a caller on the May 26 episode of Mad Money, asking Jim Cramer whether DoorDash still belonged in his “own it, don’t trade it” bucket.

Cramer’s answer was immediate: “I think DoorDash is a buy.”

Then he diagnosed what he thinks is actually wrong with the stock, and it has very little to do with the company itself.

Cramer’s Diagnosis: A Sector Rotation Story Here is the full Cramer read on DoorDash (NASDAQ:DASH | DASH Price Prediction): “There’s a real group of stocks now. Uber, DoorDash, Reddit, they are going down. People want to own hardware. They don’t want to own those others, they don’t want to own Zscaler. They don’t want to own semiconductors. I mean they want to do so for this one Semi only semi. And that’s what’s hurting DoorDash.”

He repeated the punchline for emphasis: “That’s what they want is semi, not DoorDash.”

I have been watching this rotation play out for months now, and the tape backs Cramer up. DASH is down 32% year to date, with shares at $158.30 after starting the year above $226. Uber (NYSE:UBER) is down 14% YTD. Reddit (NYSE:RDDT) is down 37% YTD. Three platform companies bleeding in unison.

Meanwhile, the Semis Cramer Is Talking About NVIDIA (NASDAQ:NVDA) is up 15% YTD and 64% over the past year, riding 85% revenue growth and a Q2 guide of $91 billion. Broadcom (NASDAQ:AVGO) is up 22% YTD and 86% over the past year.

When Jensen Huang calls AI infrastructure “the largest infrastructure expansion in human history,” capital follows. Every dollar chasing that thesis is a dollar not buying food delivery, ride-share, or social. Goldman’s 2026 outlook flagged this directly, noting that semiconductors are seeing continued multiple expansion as opposed to software.

What DoorDash Actually Did Last Quarter The business is still growing fast. In Q1 2026, DoorDash posted revenue of $4.04 billion, up 33% year over year, with Marketplace GOV up 37% to $31.6 billion and adjusted EBITDA up 28% to $754 million. The Deliveroo deal that closed in October contributed $362 million in revenue. Free cash flow came in at $420 million.

The blemishes are real but mostly investment-related. GAAP net income fell 5% while revenue grew a third, and Q2 carries a $50 million Dasher gas relief headwind. Q4 2025 EPS of $0.48 missed the $0.59 consensus kicked off the slide.

The Valuation Question Investors Need to Answer Even after the haircut, DASH trades at a forward P/E of 53 and trailing P/E of 76. Compare that to Uber’s roughly 14x trailing earnings, and you can see why some investors balk at “cheap.” The analyst community still likes it: 36 buy-or-strong-buy ratings versus 10 holds, with an average target of $245.99, well above today’s $158.

Reddit’s own community is wrestling with the same question. The dominant thread on RDDT this week asks whether the recent dip is a great buying opportunity or has more downside. DASH composite sentiment sits at 52.98, neutral, with a 30-day improvement of 10 points.

The Logic Bridge You buy DoorDash here IF you believe Cramer is right that the semiconductor rotation is temporary, that 56 million monthly active users and 35 million members represent a durable platform, and that Deliveroo integration delivers the $200 million in incremental 2026 EBITDA management is guiding to. You avoid it IF you think a 53x forward multiple cannot survive a deeper consumer slowdown, or if you believe the “own hardware, not software” trade has further to run.

The caller asked Cramer whether to keep waiting patiently while down 30%. His answer was that Wall Street’s tunnel vision is what’s testing the patience, while DoorDash’s own execution remains intact. Every company is becoming a tech company or dying, and DoorDash already crossed that bridge. The question is whether the market remembers before the rotation reverses, or after.

The brands’ first international spot, “Deliver Us to Fútbol,” captures the emotion and frenzy that unites fans around the world throughout the tournament

SAN FRANCISCO--(BUSINESS WIRE)--DoorDash (NASDAQ: DASH), together with its global portfolio of brands, Deliveroo and Wolt, today unveiled the brands’ first-ever international campaign to spotlight its role as an Official Tournament Supporter of the FIFA World Cup 2026™.

The “Deliver Us To Fútbol” campaign marks a milestone moment for the three brands, bringing them together on an international stage for the first time to celebrate the passion, anticipation, and rituals that define the world’s match. Produced in partnership with GUT Los Angeles and GUT Design, the campaign launches today across TV, BVOD, OOH, paid digital, audio and social channels internationally. It will be brought to life through local activations, partnerships and events across DoorDash in the US and Canada, as well as Deliveroo (UK, France, Italy) and Wolt (Germany, Norway, Finland, Denmark) in their respective regions.

DoorDash will also bring back its seventh Summer of DashPass in the US timed with the international campaign. This work was also developed in collaboration with FIFA World Cup 2026™ sponsors including Michelob Ultra, McDonald’s and Frito-Lay, alongside other FIFA World Cup 2026™ supporters like Casamigos and key DoorDash partners such as Kroger and CVS Pharmacy.

As the Official On-Demand Delivery Supporter and the Official Restaurant Reservations Platform Supporter of the FIFA World Cup 2026™, DoorDash, along with its global portfolio of brands, is here to help when life gets chaotic during the tournament. Between superstitions, nonstop match viewing, and disrupted sleep schedules, it’s easy for things to go off the rails. DoorDash, Deliveroo and Wolt are the ultimate life assistants to fuel the frenzy so fans can focus on what matters most: fútbol.

“Deliver Us to Fútbol” is an ode to the rituals of the game, following the experience of a Dasher during the FIFA World Cup™ and spotlights iconic tournament moments referenced throughout the spot for superfans. The emotional rollercoaster of the tournament inspired the many thoughtful details woven throughout the work, capturing the fervor unique to this quadrennial moment. Whether it’s delivering coffee to stay up for a match, a pen for a once-in-a-lifetime autograph, or a celebratory meal to mark the win, DoorDash, Deliveroo and Wolt have it all to support fans.

Fútbol fans will also spot appearances from FIFA World Cup™ Champion and global fútbol icon, Ricardo Kaká, FIFA Women’s World Cup™ champion, Alex Morgan and international social media superstar, Khaby Lame.

Beyond the screen, DoorDash, Deliveroo and Wolt are bringing the stadium energy straight to fans with epic local watch parties, celebratory fan festivals, and exclusive offers from DoorDash Reservations in the US. The three brands are also giving fans the chance to earn rewards and win match tickets in a number of ways all tournament long.

"The FIFA World Cup™ has a way of taking over daily life. Sleep schedules shift, reservations revolve around kickoff, and fans hold tight to the matchday food rituals that make every match feel personal,” said Gina Igwe, Vice President of Brand, Creative and Consumer Marketing at DoorDash. “This campaign reflects how DoorDash, Deliveroo and Wolt show up in those moments, fueling the fandom and taking care of everything around the match so fans can stay focused on fútbol. It’s a defining moment to bring our three brands together in one international piece of creative, built to resonate across countries, cultures and communities."

“Fútbol has always been about unforgettable moments that fans, teams and players create together, especially during the FIFA World Cup™,” said Kaká. “I know what it’s like to experience the frenzy as both a player and a fan, so I know first hand how all-consuming it is to be fully immersed during the tournament. Partnering with DoorDash means supporting fans with the best assist during the FIFA World Cup™.”

“For me, the FIFA World Cup™ is about connection, whether you’re on the pitch or watching with friends and family,” said Alex Morgan. “DoorDash and DashPass are the ultimate assists for anyone balancing a packed schedule during the summer and getting ready for an even more eventful season with the FIFA World Cup™.”

As excitement builds toward the FIFA World Cup 2026™, DoorDash, Deliveroo and Wolt are proud to play a role in bringing fans closer to the match. Fans should stay tuned for more surprises throughout the tournament.

About DoorDash

DoorDash is one of the world’s leading local commerce platforms, helping businesses grow and connecting consumers with the best of their neighborhoods. Through its global portfolio, including Deliveroo and Wolt, DoorDash serves communities across more than 40 countries, delivering experiences that bring people together—from everyday moments to global celebrations.

The global food delivery market has entered a consolidation phase, a high-stakes endgame where regional players are absorbed by highly capitalized platforms. This structural shift now centers on Berlin-based Delivery Hero OTCMKTS: DLVHF, which has become the focal point of a strategic bidding war between U.S. giants Uber Technologies NYSE: UBER and DoorDash NASDAQ: DASH.

The outcome of this contest will not only determine control over key European and Middle Eastern markets but will also reveal which competitor’s balance sheet is truly optimized for a multi-billion-dollar integration. For investors, the conflict presents a critical question: is financial firepower or strategic precision the key to unlocking long-term value in a rapidly maturing industry?

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Consolidation Crumble: The Last Slice of the PieThe bidding war ignited when Uber initiated an indicative offer of 33 euros (approx. $35.70) per share for Delivery Hero, a valuation the target’s board promptly rejected. As activist investors apply pressure for a figure closer to €40 (approx. $43.28), the negotiations have drawn DoorDash into the fray, creating a complex proxy battle.

Uber Technologies Today

UBER

Uber Technologies

$68.02 -1.54 (-2.21%)

As of 11:54 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$67.19▼

$101.99P/E Ratio16.96

Price Target$104.68

This aggressive maneuvering signals the capitulation of Europe’s fragmented delivery ecosystem. For years, the region was characterized by intense competition and promotional cash burn, making sustained profitability elusive.

Now, the landscape is shifting toward a duopolistic structure dominated by U.S. operators. Previous transactions, such as DoorDash's 2022 acquisition of Wolt, set the precedent for this wave of consolidation. A successful buyout of Delivery Hero would grant the acquirer immense market share and unilateral pricing power across dozens of countries, effectively ending the costly delivery wars. Delivery Hero’s stock price has surged by more than 90% over the last month, reflecting the market’s anticipation of a sweetened offer and the strategic value of its geographic footprint.

Funding the Fight: Who Has the Deeper Pockets?At the heart of this acquisition battle is a stark contrast in financial positioning. Uber appears to hold a decisive advantage, underpinned by robust and growing free cash flow. Uber ended its first quarter of 2026 with $6.1 billion in unrestricted cash and generated an impressive $2.35 billion in operating cash flow during the period.

This formidable financial engine provides Uber with the liquidity to absorb a large acquisition like Delivery Hero without resorting to excessive leverage or shareholder dilution. With a pragmatic trailing price-to-earnings (P/E) ratio of 18 and $10.05 billion in net income, Uber’s valuation is grounded in tangible profitability.

DoorDash Today

$149.09 -5.50 (-3.56%)

As of 11:54 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$143.30▼

$285.50P/E Ratio71.00

Price Target$256.11

DoorDash, while also a formidable competitor, approaches the deal from a different capital position. DoorDash holds a healthy $4.6 billion in cash, but its war chest was recently bolstered by a $2.75 billion convertible note issuance. While this provides ample capital for a strategic bid, it signals a greater reliance on financing rather than purely organic cash generation.

This distinction is critical for investors assessing post-acquisition risk. DoorDash’s growth-oriented valuation, reflected in its trailing P/E of 75, implies that the market expects flawless execution.

Taking on a massive, debt-financed acquisition could introduce significant integration risks that its current valuation may not fully price in.

The Brussels Blockade: Can a Deal Survive EU Scrutiny?While Uber possesses the financial muscle for a complete takeover, the path is fraught with significant regulatory and operational headwinds, particularly in Europe. The primary obstacle is the EU Platform Work Directive, a sweeping piece of legislation that aims to reclassify gig-economy workers as employees.

Absorbing Delivery Hero’s extensive European courier network would force the acquirer to navigate these complex rules, which threaten to dismantle the asset-light business model that has defined the sector. The potential for mandated benefits, minimum wages, and collective bargaining rights could trigger severe margin compression, turning a strategic asset into a long-term liability.

Furthermore, antitrust scrutiny from the European Commission looms large. Regulators have already demonstrated their hostility toward market consolidation in the sector, previously fining Delivery Hero and Glovo €329 million (approx. $355.8 million) for anticompetitive practices.

A wholesale acquisition of Delivery Hero by a dominant player like Uber would almost certainly invite a protracted and potentially deal-killing investigation. These regulatory hurdles create a complex risk-reward calculus, diminishing the appeal of a straightforward takeover.

Checkmate: Surgical Strike or Total Domination?Given the intense regulatory friction in Europe, DoorDash’s rumored surgical carve-out strategy may represent the more pragmatic and value-accretive approach. Reports suggest DoorDash is primarily targeting Delivery Hero’s highly profitable Middle Eastern division, Talabat, as well as its Turkish assets.

This surgical strike would allow DoorDash to acquire crown-jewel assets with strong unit economics while entirely sidestepping the European regulatory minefield. Such a move would be strategically sound, adding high-growth markets without inheriting the margin risks associated with the EU’s labor reclassification efforts.

For Uber, the all-or-nothing approach presents a higher-risk, higher-reward scenario. A successful, full acquisition would cement its status as the undisputed global leader in delivery logistics. However, the path is narrow, and success depends on Uber’s ability to navigate a hostile regulatory environment.

The market’s temporary cooling in Uber’s stock price, which has seen a 13% year-to-date decline, partly reflects investor concerns about capital allocation and regulatory risks tied to this ambitious bid. Investors tracking the global logistics space may consider the outcome of this bidding war a key indicator of future market structure. Evaluating each company’s balance sheet and strategic approach to regulatory risk appears essential before taking a position in the next phase of consolidation.

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The gig economy has evolved from a collection of experimental startups into a massive global infrastructure. Investors must now decide whether Uber Technologies (UBER 2.20%) or DoorDash (DASH 3.84%) offers better potential.

Uber operates as a global transportation platform, moving people and freight across dozens of countries. DoorDash focuses on local commerce, aiming to become the logistics layer for every neighborhood store. Both companies are now generating positive net income, yet their growth trajectories and valuation multiples differ significantly.

The case for Uber TechnologiesUber operates a massive global logistics network that connects riders with drivers and merchants with consumers. The company generates revenue through three primary segments: Mobility, Delivery, and Freight, serving over 15,000 cities worldwide. Nearly 15% of its mobility gross bookings originate from airport trips, making travel a critical driver of its high-margin business.

In FY 2025, revenue reached nearly $52.0 billion, up approximately 18.3% from the prior year. This top-line expansion supported a net income of close to $10.1 billion, resulting in a net margin of roughly 19.3%. These figures highlight a significant trend toward profitability as the company scales its advertising and membership programs.

As of its December 2025 balance sheet, the debt-to-equity ratio is approximately 0.5x, which compares total debt to shareholder equity. The current ratio is nearly 1.1x, a measure of how well a company can pay its upcoming bills with current assets. For the full year, the business generated free cash flow of close to $9.8 billion, which is the cash remaining after paying for property and equipment. This capital provides flexibility to reinvest in tech stocks that support its platform.

The case for DoorDashDoorDash functions as a local commerce platform that facilitates the delivery of food, groceries, and retail goods to over 56 million monthly active users. The company has successfully expanded its subscription services, boasting more than 35 million members across its DashPass and Wolt+ programs. By positioning itself as a neighborhood logistics partner, it has diversified away from purely restaurant-based delivery.

Revenue reached nearly $13.7 billion during FY 2025, an increase of approximately 27.9% over the previous fiscal year. The company reported a net income of close to $935.0 million, yielding a net margin of roughly 6.8%. While this is lower than its peer, it represents a notable swing into profitability from previous years.

Based on the December 2025 balance sheet, the debt-to-equity ratio is approximately 0.4x. Its current ratio of nearly 1.4x indicates the company has sufficient liquid assets to cover its short-term obligations. Free cash flow, or the cash produced after accounting for capital expenditures, was close to $2.2 billion for the year. Note that stock-based compensation represented roughly 43.2% of operating cash flow, which inflates reported cash generation since SBC is a non-cash expense added back in the cash flow statement.

Risk profile comparisonUber faces risks regarding driver classification as employees, which could fundamentally change its business model and increase costs. Competition remains intense from companies like Lyft (LYFT 1.12%)and Amazon(AMZN 2.19%), while autonomous vehicle development by Alphabet(GOOG +0.95%) (GOOGL +1.11%)or Tesla (TSLA 1.76%)could disrupt its current network. Additionally, the company is highly dependent on demand in major metropolitan areas and airports, making it vulnerable to local regulations or travel downturns.

DoorDash also navigates regulatory scrutiny over how it classifies its delivery workers, with potential reclassifications threatening its fee structure. It competes against deep-pocketed rivals such as Amazon and Uber Technologies, which can use their broader ecosystems to lure customers away. Furthermore, the company relies on Apple and Alphabet's mobile operating systems to reach its massive user base, making it susceptible to changes in app store terms.

Valuation comparisonUber Technologies trades at a lower Forward P/E and P/S ratio. These metrics compare the share price to future earnings estimates and total revenue, respectively.

MetricUber TechnologiesDoorDashSector BenchmarkForward P/E22.7x61.8x38.2xP/S ratio2.9x5.1xSector benchmark uses the SPDR XLK sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.

Uber and DoorDash have a lot in common. Both built their businesses around the gig economy, connecting consumers with independent workers through mobile apps. But they represent two different investment stories. My instinct is to invest in the company I patronize most often, but that might not be the right approach.

Uber began as a ride-sharing company, the one you’d call for a ride to the airport or a night out with the girls. But it’s become much more. Its people-moving business generates significant cash flow, but its delivery segment, Uber Eats, sets it up as a direct rival to DoorDash. The combination of the two provides diversification and makes Uber more flexible to deal with economic uncertainty.

DoorDash is another household name, known for delivering your takeout dinner. Its revenue growth is impressive, and management is investing in AI and even autonomous delivery. This innovation could shape the future of food delivery, and DoorDash could deliver significant growth. It’s expanded beyond restaurant food and now delivers groceries and other retail goods, but it lacks Uber’s diverse business model.

I’m more likely to be a DoorDash customer than Uber, but I’d be more likely to invest my money in shares of Uber. An investment in DoorDash is a bet on its future innovation and expansion, while Uber is already generating solid revenue. Uber’s diversification and current profitability make it the investment I’d choose in an uncertain market.