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An employee of e-commerce MercadoLibre works at the company's offices in Buenos Aires, Argentina September 6, 2024. REUTERS/Agustin Marcarian Purchase Licensing Rights, opens new tab

SANTIAGO, July 23 (Reuters) - E-commerce firm MercadoLibre (MELI.O), opens new tab has discussed a proposal with Chilean authorities to operate as a pharmacy in the country, a plan that would require a change in ​local regulations, records of meetings between the parties showed.

The move would mark the latest step ‌by Uruguay-based MercadoLibre, once primarily a marketplace for external sellers, toward expanding its own retail operations while deepening its push into pharmacies after a similar pilot in Brazil.

Keep up with the latest medical breakthroughs and healthcare trends with the Reuters Health Rounds newsletter. Sign up here.

MercadoLibre, which operates across Latin America and is one of the region's largest ​firms by market capitalization, met with Chilean officials at least six times in the past year. ​Meeting minutes revealed MercadoLibre's previously unreported plan to operate an in-house and online-only ⁠pharmacy model in Chile.

The plan would expand the firm's Chile operations, where, as in Argentina, Mexico and other markets, ​MercadoLibre currently only sells medication from third-party retailers.

After hearing the plan, Chile's health ministry recommended that MercadoLibre seek ​a technical evaluation from the nation's Public Health Institute (ISP), since the proposal would require regulatory changes or reinterpretations, according to records from a January meeting.

ISP in a written response to a request for comment did not detail whether MercadoLibre had ​requested that evaluation. It said MercadoLibre currently does not have authorization to operate an in-house drugstore in ​Chile, and that current regulations do not allow for the operation of an online-only drugstore.

Chile's health ministry did not ‌respond to ⁠requests for comment.

MercadoLibre said in a statement to Reuters that it was working to gradually expand its health offering, adapting to each market's regulatory framework. It declined to comment specifically on plans in Chile.

As part of a broader long-term business strategy, the firm has increased investment in its in-house retail operations in ​recent quarters, focusing on segments ​such as beauty and ⁠household appliances.

That strategy has pressured margins, causing the stock to tumble almost 11% so far this year to $1,799 each.

In Brazil, its biggest market, MercadoLibre bought a physical drugstore last year ​due to local rules requiring a brick-and-mortar presence for companies selling medicines. ​It began a ⁠pilot there in March selling over-the-counter medicines, promising delivery in an average of up to three hours. It has yet to expand outside of Sao Paulo.

The firm's pitch in Chile also included deliveries in "a few hours ⁠in some ​regions," according to minutes from a meeting in September.

Chile lags ​behind the company's largest markets of Brazil, Mexico and Argentina, but a successful rollout there could serve as a model for expansion ​across Latin America.

Reporting by Kylie Madry in Santiago and Andre Romani in Sao Paulo; Editing by Mark Porter

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

Kylie Madry is a headline news reporter covering business, politics and breaking news for all of Latin America. She's based out of the Reuters office in Mexico City, where she was previously a freelance journalist and translator working on award-winning podcasts, books about Mexico's drug lords and stories ranging from the fight for clean water to the millions spent on the city's surveillance system. Kylie is originally from Dallas, Texas.

Eli Lilly on Thursday said it will file for approval of its next-generation obesity drug in the first quarter of 2027, as the treatment succeeds in two more late-stage trials. 

The pharmaceutical giant previously said it would submit an application as early as this year for the weekly injection, retatrutide, which works differently and appears to be more effective than existing shots and pills. In a statement to CNBC, Lilly said it needs more time to gather and verify the manufacturing and quality-control data required by regulators before it can seek approval.

In two separate phase three trials, retatrutide delivered significant weight loss and improvements in a key measure of blood sugar levels in adults with obesity and two major complications, Type 2 diabetes and established cardiovascular disease. 

Based on the data, the company believes it has the data necessary to file for approval globally for retatrutide as a potential treatment for obesity, knee osteoarthritis pain and obstructive sleep apnea, Kenneth Custer, president of Lilly Cardiometabolic Health, said in a release. 

In one trial, adults with obesity and diabetes taking the drug lost up to an average of 20.8% of their weight, or nearly 50 pounds, at 80 weeks. That population typically struggles to lose weight. 

In another trial, adults with severe obesity and established cardiovascular disease, with or without diabetes, on the treatment lost up to an average of 22.6% of their weight, or 55.8 pounds, at 80 weeks. Retatrutide meaningfully reduced certain cardiovascular risk factors in patients, Lilly added. 

The side effects associated with the drug were consistent across the two trials, as well as previous studies on the treatment. The most common included diarrhea, nausea and constipation, which are also seen across the broader GLP-1 class.

There are now positive results from five late-stage trials on retatrutide, which Lilly is positioning as the next pillar of its obesity portfolio after its injection Zepbound and newly launched pill, Foundayo. In a January note, TD Cowen analysts estimated that retatrutide could rake in sales of $3.8 billion in 2030. 

Retatrutide is also critical to the drugmaker's plan to maintain its market share majority over Novo in the booming market for weight loss and diabetes drugs. Some analysts estimate the segment could be worth about $100 billion by the 2030s. 

Dubbed the "triple G" drug, retatrutide targets GLP-1, GIP and glucagon rather than just one or two of those hormones like existing treatments. That appears to have more potent effects on a person's appetite and satisfaction with food than other treatments.

Tirzepatide, the active ingredient in Zepbound, mimics GLP-1 and GIP. Novo Nordisk's semaglutide, the active ingredient in Wegovy, mimics only GLP-1.

RTX delivers double-digit sales and earnings growth in Q2;
Raises 2026 outlook for adjusted sales*, adjusted EPS*, and free cash flow*

, /PRNewswire/ -- RTX (NYSE: RTX) reports second quarter 2026 results.

Second quarter 2026

Sales of $24.7 billion, up 14 percent versus prior year, and up 16 percent organically* GAAP EPS of $1.57, including $0.27 of acquisition accounting adjustments and $0.05 of restructuring and other net significant and/or non-recurring items Adjusted EPS* of $1.89, up 21 percent versus prior year Operating cash flow of $3.5 billion; free cash flow* of $2.9 billion Company backlog of $289 billion, including $170 billion of commercial and $119 billion of defense Reached an agreement to sell Raytheon's Blue Canyon Technologies business for $620 million Updates outlook for full year 2026

Adjusted sales* of $95.0 - $96.0 billion, up from $92.5 - $93.5 billion Organic sales growth* of 8 to 9 percent, up from 5 to 6 percent Adjusted EPS* of $7.10 - $7.25, up from $6.70 - $6.90 Free cash flow* of $8.50 - $8.75 billion, up from $8.25 - $8.75 billion "RTX delivered very strong second quarter results with 16 percent organic sales growth,* including double-digit commercial aftermarket and defense growth, margin expansion across all three segments, and $2.9 billion of free cash flow.* Demand remains robust, and our backlog is up 22 percent year over year," said RTX Chairman and CEO Chris Calio.

"Given our first half performance and current backlog, we are raising our full year outlook for adjusted sales,* adjusted EPS,* and free cash flow.* RTX is exceptionally well positioned to drive continued growth as we execute on our backlog, increase productivity, expand capacity, and introduce new technologies to our customers."

Second quarter 2026

RTX second quarter reported and adjusted sales* were $24.7 billion, up 14 percent over the prior year and 16 percent organically.* GAAP EPS of $1.57 included $0.27 of acquisition accounting adjustments and $0.05 of restructuring and other net significant and/or non-recurring items. Adjusted EPS* of $1.89 was up 21 percent versus the prior year.

The company reported net income attributable to common shareowners in the second quarter of $2.1 billion which included $0.4 billion of acquisition accounting adjustments and $0.1 billion of restructuring and other net significant and/or non-recurring items. Adjusted net income* of $2.6 billion was up 22 percent versus the prior year driven by adjusted segment operating profit growth* across all three segments. Operating cash flow in the second quarter was $3.5 billion and capital expenditures were $0.7 billion, resulting in free cash flow* of $2.9 billion.

Summary Financial Results

2nd Quarter

($ in millions, except EPS)

2026

2025

% Change

Reported

Sales

$   24,708

$   21,581

14 %

Net Income

$     2,139

$     1,657

29 %

EPS

$       1.57

$       1.22

29 %

Adjusted*

Sales

$   24,708

$   21,581

14 %

Net Income

$     2,579

$     2,118

22 %

EPS

$       1.89

$       1.56

21 %

Operating Cash Flow

$     3,547

$       458

674 %

Free Cash Flow*

$     2,878

$        (72)

NM

NM = Not Meaningful 

Segment Results 

Collins Aerospace

2nd Quarter

($ in millions)

2026

2025

% Change

Reported

Sales

$  8,210

$  7,622

8 %

Operating Profit

$  1,306

$  1,173

11 %

ROS

15.9 %

15.4 %

50

bps

Adjusted*

Sales

$  8,210

$  7,622

8 %

Operating Profit

$  1,370

$  1,249

10 %

ROS

16.7 %

16.4 %

30

bps

Collins Aerospace second quarter 2026 reported and adjusted sales* of $8,210 million were up 8 percent versus the prior year. Excluding the impact of divestitures, sales increased 13 percent organically* driven by a 26 percent increase in commercial OE, a 10 percent increase in commercial aftermarket, and a 7 percent increase in defense. The increase in commercial OE sales was driven by higher volume on narrowbody and widebody platforms, and the increase in commercial aftermarket sales was primarily driven by growth in parts and repair and modifications and upgrades. The increase in defense sales was driven by higher volume across multiple programs.

Collins Aerospace reported operating profit of $1,306 million was up 11 percent versus the prior year. Adjusted operating profit* of $1,370 million was up 10 percent versus the prior year. The growth was driven by drop through on higher commercial and defense volume, which was partially offset by defense mix, higher SG&A expense, and the impact of divestitures completed in 2025. Reported operating profit in Q2 2026 included higher restructuring charges associated with cost transformation initiatives.

Pratt & Whitney

2nd Quarter

($ in millions)

2026

2025

% Change

Reported

Sales

$  8,889

$  7,631

16 %

Operating Profit

$     738

$     492

50 %

ROS

8.3 %

6.4 %

190

bps

Adjusted*

Sales

$  8,889

$  7,631

16 %

Operating Profit

$     740

$     608

22 %

ROS

8.3 %

8.0 %

30

bps

Pratt & Whitney second quarter reported and adjusted sales* of $8,889 million were up 16 percent versus the prior year. The sales growth was driven by a 25 percent increase in commercial aftermarket and a 23 percent increase in military, partially offset by an 8 percent decrease in commercial OE. The increase in commercial aftermarket was driven by higher volume, while the increase in military sales was driven by higher F135 volume, including the benefit of prior year contract award timing. The decrease in commercial OE sales was driven by large commercial engine mix which more than offset increased large commercial engine deliveries. 

Pratt & Whitney reported operating profit of $738 million was up 50 percent versus the prior year. Q2 2025 reported profit included an approximately $100 million charge related to a customer bankruptcy. Adjusted operating profit* of $740 million was up 22 percent versus the prior year. The increase was driven by drop through on higher commercial aftermarket and military volume, as well as military mix. This growth was partially offset by increased large commercial engine deliveries, large commercial engine mix, and higher SG&A expense.

Raytheon

2nd Quarter

($ in millions)

2026

2025

% Change

Reported

Sales

$  8,269

$  7,001

18 %

Operating Profit

$  1,042

$     805

29 %

ROS

12.6 %

11.5 %

110

bps

Adjusted*

Sales

$  8,269

$  7,001

18 %

Operating Profit

$  1,043

$     809

29 %

ROS

12.6 %

11.6 %

100

bps

Raytheon second quarter reported and adjusted sales* of $8,269 million were up 18 percent versus the prior year. This increase was driven by higher volume on land and air defense systems, naval programs, and air and space defense systems, including Patriot, Standard Missile, and AMRAAM. 

Raytheon reported operating profit of $1,042 million was up 29 percent versus the prior year. Adjusted operating profit* of $1,043 million was up 29 percent versus the prior year. The increase was driven by higher volume, favorable mix, including Patriot programs, and improved net productivity.

*Adjusted net sales (also referred to as adjusted sales), organic sales, adjusted operating profit (loss) and margin percentage (ROS), segment operating profit (loss) and margin percentage (ROS), adjusted segment sales, adjusted segment operating profit (loss) and margin percentage (ROS), adjusted net income, adjusted earnings per share ("EPS"), adjusted effective tax rate, and free cash flow are non-GAAP financial measures. When we provide our expectation for adjusted net sales (also referred to as adjusted sales), adjusted EPS and free cash flow on a forward-looking basis, a reconciliation of these non-GAAP financial measures to the corresponding GAAP measures (expected diluted EPS and expected cash flow from operations) is not available without unreasonable effort due to potentially high variability, complexity, and low visibility as to the items that would be excluded from the GAAP measure in the relevant future period, such as unusual gains and losses, the ultimate outcome of pending litigation, fluctuations in foreign currency exchange rates, the impact and timing of potential acquisitions and divestitures, and other structural changes or their probable significance. The variability of the excluded items may have a significant, and potentially unpredictable, impact on our future GAAP results. See "Use and Definitions of Non-GAAP Financial Measures" below for information regarding non-GAAP financial measures.

About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.

Conference Call on the Second Quarter 2026 Financial Results
RTX's financial results conference call will be held on Thursday, July 23, 2026 at 7:30 a.m. ET. The conference call will be webcast live on the company's website at www.rtx.com and will be available for replay following the call. The corresponding presentation slides will be available for downloading prior to the call.

Use and Definitions of Non-GAAP Financial Measures
RTX Corporation ("RTX" or "the Company") reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). We supplement the reporting of our financial information determined under GAAP with certain non-GAAP financial information. The non-GAAP information presented provides investors with additional useful information but should not be considered in isolation or as substitutes for the related GAAP measures. We believe that these non-GAAP measures provide investors with additional insight into the Company's ongoing business performance. Other companies may define non-GAAP measures differently, which limits the usefulness of these measures for comparisons with such other companies. We encourage investors to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. A reconciliation of the non-GAAP measures to the corresponding amounts prepared in accordance with GAAP appears in the tables in this Appendix. Certain non-GAAP financial adjustments are also described in this Appendix. Below are our non-GAAP financial measures:

Non-GAAP measure

Definition

Adjusted net sales / Adjusted sales

Represents consolidated net sales (a GAAP measure), excluding net significant and/or non-recurring items1 (hereinafter referred to as "net significant and/or non-recurring items").

Organic sales

Organic sales represents the change in consolidated net sales (a GAAP measure), excluding the impact of foreign currency translation, acquisitions and divestitures completed in the preceding twelve months and net significant and/or non-recurring items.

Adjusted operating profit (loss) and margin percentage (ROS)

Adjusted operating profit (loss) represents operating profit (loss) (a GAAP measure), excluding restructuring costs, acquisition accounting adjustments2, and net significant and/or non-recurring items. Adjusted operating profit margin percentage represents adjusted operating profit (loss) as a percentage of adjusted net sales.

Segment operating profit (loss) and margin percentage (ROS)

Segment operating profit (loss) represents operating profit (loss) (a GAAP measure) excluding acquisition accounting adjustments2, the FAS/CAS operating adjustment3, Corporate expenses and other unallocated items, and Eliminations and other. Segment operating profit margin percentage represents segment operating profit (loss) as a percentage of segment sales (net sales, excluding Eliminations and other).

Adjusted segment sales

Represents consolidated net sales (a GAAP measure) excluding eliminations and other and net significant and/or non-recurring items.

Adjusted segment operating profit (loss) and margin percentage (ROS)

Adjusted segment operating profit (loss) represents segment operating profit (loss) excluding restructuring costs, and net significant and/or non-recurring items. Adjusted segment operating profit margin percentage represents adjusted segment operating profit (loss) as a percentage of adjusted segment sales (adjusted net sales excluding Eliminations and other).

Adjusted net income

Adjusted net income represents net income (a GAAP measure), excluding restructuring costs, acquisition accounting adjustments2, and net significant and/or non-recurring items.

Adjusted earnings per share (EPS)

Adjusted EPS represents diluted earnings per share (a GAAP measure), excluding restructuring costs, acquisition accounting adjustments2, and net significant and/or non-recurring items.

Adjusted effective tax rate

Adjusted effective tax rate represents the effective tax rate (a GAAP measure), excluding the tax impact of restructuring costs, acquisition accounting adjustments2, and net significant and/or non-recurring items.

Free cash flow

Free cash flow represents cash flow from operating activities (a GAAP measure) less capital expenditures. Management believes free cash flow is a useful measure of liquidity and an additional basis for assessing RTX's ability to fund its activities, including the financing of acquisitions, debt service, repurchases of RTX's common stock, and distribution of earnings to shareowners.

1 Net significant and/or non-recurring items represent significant nonoperational items and/or significant operational items that may occur at irregular intervals.

2 Acquisition accounting adjustments include the amortization of acquired intangible assets related to acquisitions, the amortization of the property, plant and equipment fair value adjustment acquired through acquisitions, the amortization of customer contractual obligations related to loss making or below market contracts acquired, and goodwill impairment, if applicable.

3 The FAS/CAS operating adjustment represents the difference between the service cost component of our pension and postretirement benefit (PRB) expense under the Financial Accounting Standards (FAS) requirements of GAAP and our pension and PRB expense under U.S. government Cost Accounting Standards (CAS) primarily related to our Raytheon segment.

When we provide our expectation for adjusted net sales (also referred to as adjusted sales), organic sales, adjusted operating profit (loss) and margin percentage (ROS), adjusted segment operating profit (loss) and margin percentage (ROS), adjusted EPS, adjusted effective tax rate, and free cash flow, on a forward-looking basis, a reconciliation of the differences between the non-GAAP expectations and the corresponding GAAP measures, as described above, generally are not available without unreasonable effort due to potentially high variability, complexity, and low visibility as to the items that would be excluded from the GAAP measure in the relevant future period, such as unusual gains and losses, the ultimate outcome of pending litigation, fluctuations in foreign currency exchange rates, the impact and timing of potential acquisitions and divestitures, and other structural changes or their probable significance. The variability of the excluded items may have a significant, and potentially unpredictable, impact on our future GAAP results.

Cautionary Statement Regarding Forward-Looking Statements This press release contains statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities laws. These forward-looking statements are intended to provide RTX Corporation ("RTX") management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid and are not statements of historical fact. Forward-looking statements can be identified by the use of words such as "believe," "expect," "expectations," "plans," "strategy," "prospects," "estimate," "project," "target," "anticipate," "will," "should," "see," "guidance," "outlook," "goals," "objectives," "confident," "on track," "designed to," "commit," "commitment" and other words of similar meaning. Forward-looking statements may include, among other things, statements relating to future sales, earnings, cash flow, results of operations, uses of cash, share repurchases, tax payments and rates, research and development spending, cost savings, other measures of financial performance, potential future plans, strategies or transactions, credit ratings and net indebtedness, the Pratt powder metal matter and related matters and activities, including without limitation other engine models that may be impacted, targets and commitments (including for share repurchases or otherwise), and other statements which are not solely historical facts. All forward-looking statements involve risks, uncertainties, changes in circumstances and other factors that are hard to predict, and each of which may cause actual results to differ materially from those expressed or implied in the forward-looking statements. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the U.S. Private Securities Litigation Reform Act of 1995, as amended. Such risks, uncertainties and other factors include, without limitation: (1) changes in economic, capital market, and political conditions in the U.S. and globally; (2) changes in U.S. or foreign government defense spending, national priorities, and policy positions; (3) our performance on our contracts and programs, including our ability to control costs, and our dependence on U.S. government approvals for certain international contracts; (4) challenges in the development, certification, production, delivery, support, and performance of RTX's advanced technologies and new products and services and the realization of anticipated benefits; (5) challenges of operating in RTX's highly-competitive industries both domestically and abroad; (6) our reliance on U.S. and non-U.S. suppliers and commodity markets, including cost increases and disruptions in the delivery of materials and services to RTX or our suppliers; (7) changes in trade policies, implementation of sanctions, imposition of tariffs (and counter-tariffs), and other trade measures and restrictions, foreign currency fluctuations, and sales methods; (8) the economic condition of the aerospace industry; (9) the ability of RTX to attract, train, qualify, and retain qualified personnel and maintain its culture and high ethical standards, and the ability of our personnel to continue to operate our facilities and businesses around the world; (10) the scope, nature, timing, and challenges of managing and completing acquisitions, investments, divestitures, and other transactions; (11) compliance with legal, environmental, regulatory, and other requirements in the U.S. and other countries in which RTX and its businesses operate; (12) pending, threatened, and future legal proceedings, investigations, audits, and other contingencies; (13) the previously-disclosed deferred prosecution agreements entered into between the Company and the Department of Justice (DOJ), the Securities and Exchange Commission (SEC) administrative order imposed on the Company, and the related investigations by the SEC and DOJ, and the consent agreement between the Company and the Department of State; (14) RTX's ability to engage in desirable capital-raising or strategic transactions; (15) repurchases by RTX of its common stock, or declarations of cash dividends, which may be discontinued, accelerated, suspended, or delayed at any time due to various factors; (16) realizing expected benefits from, incurring costs for, and successfully managing strategic initiatives such as cost reduction, restructuring, digital transformation, and other operational initiatives; (17) additional tax exposures due to new tax legislation or other developments in the U.S. and other countries in which RTX and its businesses operate; (18) the identified rare condition in powder metal used to manufacture certain Pratt & Whitney engine parts requiring accelerated removals and inspections of a significant portion of the PW1100G-JM Geared Turbofan (GTF) fleet; (19) changes in production volumes of one or more of our significant customers as a result of business, labor, or other challenges, and the resulting effect on its or their demand for our products and services; (20) an RTX product safety failure, quality issue, or other failure affecting RTX's or its customers' or suppliers' products or systems; (21) cybersecurity, including cyber-attacks on RTX's information technology infrastructure, products, suppliers, customers and partners, and cybersecurity-related regulations; (22) insufficient indemnity or insurance coverage; (23) our intellectual property and certain third-party intellectual property; (24) threats to RTX facilities and personnel, or those of its suppliers or customers, as well as public health crises, damaging weather, acts of nature, or other similar events outside of RTX's control that may affect RTX or its suppliers or customers; (25) changes in accounting estimates for our programs on our financial results; (26) changes in pension and other postretirement plan estimates and assumptions and contributions; (27) an impairment of goodwill and other intangible assets; and (28) climate change and climate-related regulations, and any related customer and market demands, products and technologies. For additional information on identifying factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements, see the reports of RTX filed with or furnished to the Securities and Exchange Commission from time to time, including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made, and RTX assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

RTX Corporation

Condensed Consolidated Statement of Operations

Quarter Ended June 30,

Six Months Ended June 30,

(Unaudited)

(Unaudited)

(dollars in millions, except per share amounts; shares in millions)

2026

2025

2026

2025

Net Sales

$   24,708

$   21,581

$   46,784

$   41,887

Costs and expenses:

Cost of sales

19,575

17,205

37,057

33,395

Research and development

726

697

1,353

1,334

Selling, general, and administrative

1,658

1,573

3,134

3,021

Total costs and expenses

21,959

19,475

41,544

37,750

Other income, net

62

40

126

44

Operating profit

2,811

2,146

5,366

4,181

Non-service pension income

(348)

(351)

(703)

(717)

Interest expense, net

417

457

807

900

Income before income taxes

2,742

2,040

5,262

3,998

Income tax expense

493

315

856

648

Net income

2,249

1,725

4,406

3,350

Less: Noncontrolling interest in subsidiaries' earnings

110

68

208

158

Net income attributable to common shareowners

$     2,139

$     1,657

$     4,198

$     3,192

Earnings Per Share attributable to common shareowners:

Basic

$      1.58

$      1.24

$      3.11

$      2.38

Diluted

$      1.57

$      1.22

$      3.08

$      2.36

Weighted Average Shares Outstanding:

Basic shares

1,350.7

1,340.6

1,349.2

1,338.8

Diluted shares

1,365.0

1,354.0

1,364.7

1,352.9

RTX Corporation

Segment Net Sales and Operating Profit (Loss)

Quarter Ended

Six Months Ended

(Unaudited)

(Unaudited)

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2025

(dollars in millions)

Reported

Adjusted

Reported

Adjusted

Reported

Adjusted

Reported

Adjusted

Net Sales

Collins Aerospace

$ 8,210

$ 8,210

$ 7,622

$ 7,622

$          15,812

$          15,812

$          14,839

$          14,839

Pratt & Whitney

8,889

8,889

7,631

7,631

17,062

17,062

14,997

14,997

Raytheon

8,269

8,269

7,001

7,001

15,214

15,214

13,341

13,341

Total segments

25,368

25,368

22,254

22,254

48,088

48,088

43,177

43,177

Eliminations and other

(660)

(660)

(673)

(673)

(1,304)

(1,304)

(1,290)

(1,290)

Consolidated

$          24,708

$          24,708

$          21,581

$          21,581

$          46,784

$          46,784

$          41,887

$          41,887

Operating Profit (Loss)

Collins Aerospace

$ 1,306

$ 1,370

$ 1,173

$ 1,249

$ 2,613

$ 2,668

$ 2,261

$ 2,476

Pratt & Whitney

738

740

492

608

1,448

1,451

1,072

1,198

Raytheon

1,042

1,043

805

809

1,883

1,888

1,483

1,487

Total segments

3,086

3,153

2,470

2,666

5,944

6,007

4,816

5,161

Eliminations and other

98

28

24

(17)

136

66

36

(5)

Corporate expenses and other unallocated items

(70)

7

(47)

(42)

(112)

(34)

(85)

(71)

FAS/CAS operating adjustment

171

171

186

186

343

343

371

371

Acquisition accounting adjustments

(474)

—

(487)

—

(945)

—

(957)

—

Consolidated

$ 2,811

$ 3,359

$ 2,146

$ 2,793

$ 5,366

$ 6,382

$ 4,181

$ 5,456

Segment Operating Profit Margin

Collins Aerospace

15.9 %

16.7 %

15.4 %

16.4 %

16.5 %

16.9 %

15.2 %

16.7 %

Pratt & Whitney

8.3 %

8.3 %

6.4 %

8.0 %

8.5 %

8.5 %

7.1 %

8.0 %

Raytheon

12.6 %

12.6 %

11.5 %

11.6 %

12.4 %

12.4 %

11.1 %

11.1 %

Total segment

12.2 %

12.4 %

11.1 %

12.0 %

12.4 %

12.5 %

11.2 %

12.0 %

RTX Corporation

Condensed Consolidated Balance Sheet

June 30, 2026

December 31, 2025

(dollars in millions)

(Unaudited)

(Unaudited)

Assets

Cash and cash equivalents

$           8,305

$           7,435

Accounts receivable, net

13,942

14,701

Contract assets, net

18,980

17,092

Inventory, net

14,409

13,364

Other assets, current

8,276

7,740

Total current assets

63,912

60,332

Customer financing assets

1,902

2,132

Fixed assets, net

16,965

16,868

Operating lease right-of-use assets

1,727

1,887

Goodwill

52,928

53,343

Intangible assets, net

31,043

31,845

Other assets

5,495

4,672

Total assets

$        173,972

$        171,079

Liabilities, Redeemable Noncontrolling Interest, and Equity

Short-term borrowings

$             229

$             204

Accounts payable

16,998

15,895

Accrued employee compensation

2,356

3,308

Other accrued liabilities

15,695

14,350

Contract liabilities

22,671

21,615

Long-term debt currently due

5,296

3,412

Total current liabilities

63,245

58,784

Long-term debt

31,858

34,288

Operating lease liabilities, non-current

1,473

1,602

Future pension and postretirement benefit obligations

1,956

2,067

Other long-term liabilities

7,296

7,200

Total liabilities

105,828

103,941

Redeemable noncontrolling interest

28

36

Shareowners' Equity:

Common stock

38,424

38,126

Treasury stock

(26,758)

(26,881)

Retained earnings

58,020

56,718

Accumulated other comprehensive loss

(3,309)

(2,718)

Total shareowners' equity

66,377

65,245

Noncontrolling interest

1,739

1,857

Total equity

68,116

67,102

Total liabilities, redeemable noncontrolling interest, and equity

$        173,972

$        171,079

RTX Corporation

Condensed Consolidated Statement of Cash Flows

Quarter Ended June 30,

Six Months Ended June 30,

(Unaudited)

(Unaudited)

(dollars in millions)

2026

2025

2026

2025

Operating Activities:

Net income

$     2,249

$     1,725

$     4,406

$     3,350

Adjustments to reconcile net income to net cash flows provided by operating activities from:

Depreciation and amortization

1,079

1,076

2,150

2,128

Deferred income tax (benefit) provision

(56)

54

(30)

121

Stock compensation cost

164

113

296

224

Net periodic pension and other postretirement income

(303)

(312)

(616)

(636)

Share-based 401(k) matching contributions

147

140

339

307

Change in:

Accounts receivable

(729)

(765)

1,094

(1,137)

Contract assets

(963)

(484)

(1,942)

(1,190)

Inventory

(330)

(384)

(1,143)

(1,197)

Other current assets

47

25

(422)

(100)

Accounts payable and accrued liabilities

2,102

(538)

947

(141)

Contract liabilities

198

(30)

292

343

Other operating activities, net

(58)

(162)

31

(309)

Net cash flows provided by operating activities

3,547

458

5,402

1,763

Investing Activities:

Capital expenditures

(669)

(530)

(1,215)

(1,043)

Increase in other intangible assets

(58)

(122)

(156)

(226)

(Payments) receipts from settlements of derivative contracts, net

(71)

192

1

145

Other investing activities, net

(146)

(49)

(182)

(63)

Net cash flows used in investing activities

(944)

(509)

(1,552)

(1,187)

Financing Activities:

Repayment of long-term debt

(24)

(780)

(524)

(789)

Change in commercial paper, net

—

1,432

—

1,432

Dividends paid

(983)

(910)

(1,898)

(1,750)

Repurchase of common stock

—

—

—

(50)

Other financing activities, net

(62)

(95)

(487)

(252)

Net cash flows used in financing activities

(1,069)

(353)

(2,909)

(1,409)

Effect of foreign exchange rate changes on cash and cash equivalents

(13)

38

(19)

54

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

1,521

(366)

922

(779)

Cash, cash equivalents and restricted cash, beginning of period

6,871

5,193

7,470

5,606

Cash, cash equivalents and restricted cash, end of period

8,392

4,827

8,392

4,827

Less: Restricted cash, included in Other assets, current and Other assets

87

45

87

45

Cash and cash equivalents, end of period

$     8,305

$     4,782

$     8,305

$     4,782

RTX Corporation

Reconciliation of Adjusted (Non-GAAP) Results

Adjusted Sales, Adjusted Operating Profit (Loss) & Operating Profit (Loss) Margin

Quarter Ended June 30,

Six Months Ended June 30,

(Unaudited)

(Unaudited)

(dollars in millions - Income (Expense))

2026

2025

2026

2025

Collins Aerospace

Net sales

$    8,210

$    7,622

$  15,812

$  14,839

Operating profit

$    1,306

$    1,173

$    2,613

$    2,261

Restructuring

(64)

(39)

(55)

(152)

Segment and portfolio transformation and divestiture costs (1)

—

(37)

—

(63)

Adjusted operating profit

$    1,370

$    1,249

$    2,668

$    2,476

Adjusted operating profit margin

16.7 %

16.4 %

16.9 %

16.7 %

Pratt & Whitney

Net sales

$    8,889

$    7,631

$  17,062

$  14,997

Operating profit

$       738

$       492

$    1,448

$    1,072

Restructuring

(2)

(8)

(3)

(18)

Customer bankruptcy (1)

—

(108)

—

(108)

Adjusted operating profit

$       740

$       608

$    1,451

$    1,198

Adjusted operating profit margin

8.3 %

8.0 %

8.5 %

8.0 %

Raytheon

Net sales

$    8,269

$    7,001

$  15,214

$  13,341

Operating profit

$    1,042

$       805

$    1,883

$    1,483

Restructuring

(1)

(4)

(5)

(4)

Adjusted operating profit

$    1,043

$       809

$    1,888

$    1,487

Adjusted operating profit margin

12.6 %

11.6 %

12.4 %

11.1 %

Eliminations and Other

Net sales

$      (660)

$      (673)

$   (1,304)

$   (1,290)

Operating profit

$         98

$         24

$       136

$         36

Gain on investment (1)

70

41

70

41

Adjusted operating profit (loss)

$         28

$        (17)

$         66

$          (5)

Corporate expenses and other unallocated items

Operating loss

$        (70)

$        (47)

$      (112)

$        (85)

Restructuring

(8)

—

(9)

(9)

Tax audit settlements and closures (1)

—

(5)

—

(5)

Litigation matter (1)

(69)

—

(69)

—

Adjusted operating profit (loss)

$           7

$        (42)

$        (34)

$        (71)

FAS/CAS Operating Adjustment

Operating profit

$       171

$       186

$       343

$       371

Acquisition Accounting Adjustments

Operating loss

$      (474)

$      (487)

$      (945)

$      (957)

Acquisition accounting adjustments

(474)

(487)

(945)

(957)

Adjusted operating loss

$         —

$         —

$         —

$         —

RTX Consolidated

Net sales

$  24,708

$  21,581

$  46,784

$  41,887

Operating profit

$    2,811

$    2,146

$    5,366

$    4,181

Restructuring

(75)

(51)

(72)

(183)

Acquisition accounting adjustments

(474)

(487)

(945)

(957)

Total net significant and/or non-recurring items included in Operating profit above (1)

1

(109)

1

(135)

Adjusted operating profit

$    3,359

$    2,793

$    6,382

$    5,456

(1)  Refer to "Non-GAAP Financial Adjustments" below for a description of these adjustments.

RTX Corporation

Reconciliation of Adjusted (Non-GAAP) Results

Adjusted Income, Earnings Per Share, and Effective Tax Rate

Quarter Ended
June 30,

Six Months Ended
June 30,

(Unaudited)

(Unaudited)

(dollars in millions - Income (Expense))

2026

2025

2026

2025

Net income attributable to common shareowners

$  2,139

$  1,657

$  4,198

$  3,192

Total Restructuring

(75)

(51)

(72)

(183)

Total Acquisition accounting adjustments

(474)

(487)

(945)

(957)

Total net significant and/or non-recurring items included in Operating profit (1)

1

(109)

1

(135)

Significant and/or non-recurring items included in Non-service Pension Income

Non-service pension restructuring

(2)

—

(4)

—

Significant non-recurring and non-operational items included in Interest Expense, Net

Tax audit settlements and closures (1)

—

11

—

54

International tax matter (1)

—

—

—

(35)

Tax effect of restructuring and net significant and/or non-recurring items above

110

142

214

280

Significant and/or non-recurring items included in Income Tax Expense

Tax audit settlements and closures (1)

—

33

—

59

Less: Impact on net income attributable to common shareowners

(440)

(461)

(806)

(917)

Adjusted net income attributable to common shareowners

$  2,579

$  2,118

$  5,004

$  4,109

Diluted Earnings Per Share

$   1.57

$   1.22

$   3.08

$   2.36

Impact on Diluted Earnings Per Share

(0.32)

(0.34)

(0.59)

(0.68)

Adjusted Diluted Earnings Per Share

$   1.89

$   1.56

$   3.67

$   3.04

Effective Tax Rate

18.0 %

15.4 %

16.3 %

16.2 %

Impact on Effective Tax Rate

(0.3) %

(2.9) %

(0.7) %

(2.6) %

Adjusted Effective Tax Rate

18.3 %

18.3 %

17.0 %

18.8 %

(1)  Refer to "Non-GAAP Financial Adjustments" below for a description of these adjustments.

RTX Corporation

Reconciliation of Adjusted (Non-GAAP) Results

Segment Operating Profit Margin and Adjusted Segment Operating Profit Margin

Quarter Ended June 30,

Six Months Ended June 30,

(Unaudited)

(Unaudited)

(dollars in millions)

2026

2025

2026

2025

Net Sales

$  24,708

$  21,581

$  46,784

$  41,887

Reconciliation to segment net sales:

Eliminations and other

660

673

1,304

1,290

Segment Net Sales

$  25,368

$  22,254

$  48,088

$  43,177

Operating Profit

$   2,811

$   2,146

$   5,366

$   4,181

Operating Profit Margin

11.4 %

9.9 %

11.5 %

10.0 %

Reconciliation to segment operating profit:

Eliminations and other

(98)

(24)

(136)

(36)

Corporate expenses and other unallocated items

70

47

112

85

FAS/CAS operating adjustment

(171)

(186)

(343)

(371)

Acquisition accounting adjustments

474

487

945

957

Segment Operating Profit

$   3,086

$   2,470

$   5,944

$   4,816

Segment Operating Profit Margin

12.2 %

11.1 %

12.4 %

11.2 %

Reconciliation to adjusted segment operating profit:

Restructuring

(67)

(51)

(63)

(174)

Net significant and/or non-recurring items (1)

—

(145)

—

(171)

Adjusted Segment Operating Profit

$   3,153

$   2,666

$   6,007

$   5,161

Adjusted Segment Operating Profit Margin

12.4 %

12.0 %

12.5 %

12.0 %

(1)  Refer to "Non-GAAP Financial Adjustments" below for a description of these adjustments.

RTX Corporation

Free Cash Flow Reconciliation

Quarter Ended June 30,

(Unaudited)

(dollars in millions)

2026

2025

Net cash flows provided by operating activities

$         3,547

$           458

Capital expenditures

(669)

(530)

Free cash flow

$         2,878

$           (72)

Six Months Ended June 30,

(Unaudited)

(dollars in millions)

2026

2025

Net cash flows provided by operating activities

$         5,402

$         1,763

Capital expenditures

(1,215)

(1,043)

Free cash flow

$         4,187

$           720

RTX Corporation

Reconciliation of Adjusted (Non-GAAP) Results

Organic Sales Reconciliation

Quarter ended June 30, 2026 compared to the Quarter Ended June 30, 2025

(Unaudited)

(dollars in millions)

Total Reported
Change

Acquisitions &
Divestitures
Change

FX / Other
Change (2)

Organic Change

Prior Year
Adjusted Sales (1)

Organic Change
as a % of
Adjusted Sales

Collins Aerospace

$           588

$          (404)

$            11

$           981

$         7,622

13 %

Pratt & Whitney

1,258

—

(16)

1,274

7,631

17 %

Raytheon

1,268

—

12

1,256

7,001

18 %

Eliminations and Other (3)

13

13

—

—

(673)

— %

Consolidated

$         3,127

$          (391)

$              7

$         3,511

$       21,581

16 %

(1)

For the full Non-GAAP reconciliation of adjusted sales refer to "Reconciliation of Adjusted (Non-GAAP) Results - Adjusted Sales, Adjusted Operating Profit & Operating Profit Margin."

(2)

Includes other significant non-operational items and/or significant operational items that may occur at irregular intervals.

(3)

FX/Other Change includes the transactional impact of foreign exchange hedging at Pratt & Whitney Canada, which is included in Pratt & Whitney's FX/Other Change, but excluded for Consolidated RTX.

Six Months Ended June 30, 2026 compared to the Six Months Ended June 30, 2025

(Unaudited)

(dollars in millions)

Total Reported
Change

Acquisitions &
Divestitures
Change

FX / Other
Change (2)

Organic Change

Prior Year
Adjusted Sales (1)

Organic Change
as a % of
Adjusted Sales

Collins Aerospace

$           973

$          (787)

$            51

$         1,709

$       14,839

12 %

Pratt & Whitney

2,065

—

21

2,044

14,997

14 %

Raytheon

1,873

—

29

1,844

13,341

14 %

Eliminations and Other (3)

(14)

26

(31)

(9)

(1,290)

1 %

Consolidated

$         4,897

$          (761)

$            70

$         5,588

$       41,887

13 %

(1)

For the full Non-GAAP reconciliation of adjusted sales refer to "Reconciliation of Adjusted (Non-GAAP) Results - Adjusted Sales, Adjusted Operating Profit & Operating Profit Margin."

(2)

Includes other significant non-operational items and/or significant operational items that may occur at irregular intervals.

(3)

FX/Other Change includes the transactional impact of foreign exchange hedging at Pratt & Whitney Canada, which is included in Pratt & Whitney's FX/Other Change, but excluded for Consolidated RTX.

Non-GAAP Financial Adjustments

Non-GAAP Adjustments

Description

Segment and portfolio transformation and divestiture costs

The quarter and six months ended June 30, 2025 include separation costs incurred in advance of the completion of certain divestitures.

Customer bankruptcy

The quarter and six months ended June 30, 2025 include a net pre-tax charge of approximately $0.1 billion related to a customer bankruptcy at Pratt & Whitney. The charge primarily relates to contract asset exposures with a customer. Management has determined that the nature and significance of the charge is considered unusual and, therefore, not indicative of the Company's ongoing operational performance.

Gain on investment

The quarter and six months ended June 30, 2026 and quarter and six months ended June 30, 2025, include a pre-tax gain of $70 million and $41 million, respectively, related to the increase in fair value on an investment. Management has determined that the nature of the gain on investment to be significant and non-operational, and, therefore, not indicative of the Company's ongoing operational performance.

Tax audit settlements and closures

The quarter and six months ended June 30, 2025 include a tax benefit of $59 million and a pre-tax benefit on the reversal of $54 million of interest accruals both recognized as a result of the closure of the examination phase of multiple state tax audits. In addition, in the quarter and six months ended June 30, 2025, there was a tax benefit of $33 million and a net pre-tax benefit of $6 million from the

reversal of interest accruals and the write-off of certain tax related indemnity receivables associated

with the closure of a federal tax audit.

Litigation matter

The quarter and six months ended June 30, 2026 include a pre-tax charge of  $69 million related to a litigation matter. Management considers this charge non-operational and directly attributable to the litigation matter and, therefore, not indicative of the Company's ongoing operational performance.

International tax matter

During the six months ended June 30, 2025, the Company recorded the impact of an unfavorable decision related to an international tax matter for the years ended December 31, 2015 to December 31, 2019, resulting in interest expense, net of $35 million and a tax benefit of $8 million. Management has determined that the nature of this impact related to the tax matter is considered significant and non-operational, and, therefore, not indicative of the Company's ongoing operational performance.

Media Contact

202.384.2474

Investor Contact
781.522.5123 

SOURCE RTX

Cantillon Capital Management LLC trimmed its holdings in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 11.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 4,056,002 shares of the semiconductor manufacturer’s stock after selling 548,299 shares during the period. Broadcom accounts for approximately 8.3% of Cantillon Capital Management LLC’s portfolio, making the stock its largest position. Cantillon Capital Management LLC owned about 0.09% of Broadcom worth $1,255,373,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Resolute Wealth Strategies LLC grew its holdings in shares of Broadcom by 30.6% during the first quarter. Resolute Wealth Strategies LLC now owns 1,937 shares of the semiconductor manufacturer’s stock worth $600,000 after buying an additional 454 shares during the last quarter. Boston Common Asset Management LLC grew its stake in shares of Broadcom by 1.3% in the 1st quarter. Boston Common Asset Management LLC now owns 123,544 shares of the semiconductor manufacturer’s stock valued at $38,238,000 after purchasing an additional 1,600 shares during the last quarter. Planning Alternatives Ltd. ADV grew its stake in shares of Broadcom by 43.0% in the 1st quarter. Planning Alternatives Ltd. ADV now owns 4,486 shares of the semiconductor manufacturer’s stock valued at $1,388,000 after purchasing an additional 1,349 shares during the last quarter. Broderick Brian C increased its holdings in shares of Broadcom by 390.2% in the first quarter. Broderick Brian C now owns 11,083 shares of the semiconductor manufacturer’s stock valued at $3,430,000 after purchasing an additional 8,822 shares during the period. Finally, Decker Wealth Management LLC purchased a new stake in shares of Broadcom during the first quarter worth approximately $8,985,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Stock Up 2.7% Shares of NASDAQ AVGO opened at $396.81 on Thursday. The stock has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 66.14, a price-to-earnings-growth ratio of 0.74 and a beta of 1.45. Broadcom Inc. has a 52 week low of $273.00 and a 52 week high of $495.00. The firm has a 50-day moving average price of $399.23 and a 200 day moving average price of $366.26. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71.

Broadcom (NASDAQ:AVGO – Get Free Report) last issued its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.04. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The company had revenue of $22.19 billion for the quarter, compared to analyst estimates of $22.13 billion. During the same period in the prior year, the business posted $1.58 earnings per share. The firm’s revenue for the quarter was up 47.9% compared to the same quarter last year. Equities research analysts anticipate that Broadcom Inc. will post 10.24 EPS for the current fiscal year.

Broadcom Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom’s dividend payout ratio (DPR) is presently 43.33%.

Analyst Ratings Changes Several brokerages have issued reports on AVGO. Cantor Fitzgerald reissued an “overweight” rating and issued a $525.00 price objective on shares of Broadcom in a research note on Thursday, June 4th. Citigroup reiterated a “buy” rating on shares of Broadcom in a research note on Thursday, June 4th. Wells Fargo & Company reissued an “overweight” rating and set a $545.00 price target (up from $430.00) on shares of Broadcom in a report on Thursday, May 14th. Erste Group Bank restated a “hold” rating on shares of Broadcom in a research report on Tuesday, July 7th. Finally, Weiss Ratings raised Broadcom from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $493.24.

Read Our Latest Research Report on AVGO

Broadcom News Summary Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom is seen as a beneficiary of a new cloud deal, which could support future growth and reinforce its position in AI and cloud infrastructure. Broadcom stands to gain from new cloud deal Positive Sentiment: Analysts and bullish commentators continue to highlight Broadcom’s AI exposure, dividend income, and its VCF software business as a growing earnings driver, suggesting more upside if enterprise demand stays strong. VCF is Becoming Broadcom’s Growth Engine: More Upside Ahead? Positive Sentiment: Broader chip-sector momentum and renewed interest in AI-linked semiconductor names are helping lift Broadcom alongside peers, with UBS saying the recent selloff may be nearing exhaustion. UBS sees Broadcom, Sandisk, Oracle stocks rebounding: here’s why Positive Sentiment: Several market pieces also argue Broadcom remains attractive at record highs because of strong cash generation and long-term execution under CEO Hock Tan. Cash is Always King Which is Why I Will Not Stop Adding Broadcom Neutral Sentiment: Some coverage simply notes Broadcom’s continued strength relative to the broader market, while other articles focus on the company as a core AI and dividend holding rather than on a fresh catalyst. These Stocks Offer AI Exposure and Dividend Payouts Negative Sentiment: Insider selling has added a cautious tone, with reports describing mixed insider signals across tech and noting Broadcom sales after a volatile stretch for the stock. Insider Moves Are Sending Mixed Signals Across the Tech Sector (AVGO) Negative Sentiment: Broadcom also faced some sentiment pressure after a patent-related ITC investigation was reported, which could create headline risk even if the direct business impact is still unclear. Is Broadcom (AVGO) Still Undervalued As Netlist Patent Claims Test Sentiment? Insider Transactions at Broadcom In other news, insider Mark David Brazeal sold 25,000 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the transaction, the insider owned 194,989 shares in the company, valued at $78,254,935.37. This trade represents a 11.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Justine Page sold 1,602 shares of Broadcom stock in a transaction on Monday, June 29th. The stock was sold at an average price of $373.86, for a total value of $598,923.72. Following the transaction, the director directly owned 17,426 shares of the company’s stock, valued at $6,514,884.36. This trade represents a 8.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 61,644 shares of company stock valued at $24,016,214. Company insiders own 1.90% of the company’s stock.

About Broadcom (Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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

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Posted by Defense World Staff on Jul 23rd, 2026

Roblox (NYSE:RBLX – Get Free Report) will likely be posting its Q2 2026 results after the market closes on Thursday, July 30th. Analysts expect Roblox to announce earnings of ($0.3443) per share and revenue of $1.6007 billion for the quarter. Investors can find conference call details on the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, July 30, 2026 at 4:30 PM ET.

Roblox (NYSE:RBLX – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.06. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.74 billion. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The business’s revenue was up 43.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.32) EPS. On average, analysts expect Roblox to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Roblox Stock Performance RBLX stock opened at $49.76 on Thursday. Roblox has a 1-year low of $40.15 and a 1-year high of $150.59. The business has a 50-day moving average price of $49.09 and a 200 day moving average price of $58.28. The company has a market capitalization of $33.42 billion, a P/E ratio of -31.49 and a beta of 1.41. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.89 and a quick ratio of 0.89.

Roblox declared that its board has approved a share repurchase plan on Tuesday, May 19th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 9.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets Several research firms have recently commented on RBLX. HSBC lowered shares of Roblox from a “buy” rating to a “hold” rating and set a $46.00 price target for the company. in a report on Friday, May 1st. Arete Research set a $95.00 price objective on shares of Roblox and gave the company a “buy” rating in a report on Monday, June 29th. Canaccord Genuity Group reduced their price objective on shares of Roblox from $140.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Cantor Fitzgerald started coverage on Roblox in a report on Monday, June 29th. They set an “overweight” rating for the company. Finally, TD Cowen raised Roblox from a “sell” rating to a “hold” rating and dropped their target price for the company from $54.00 to $49.00 in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.85.

View Our Latest Stock Report on Roblox

More Roblox News Here are the key news stories impacting Roblox this week:

Positive Sentiment: Roblox unveiled Build, a mobile-first creation tab with AI tools that can turn text prompts into playable game prototypes inside the app. Investors may see this as a meaningful product upgrade that could deepen engagement, broaden creator participation, and strengthen Roblox’s user-generated content ecosystem. Roblox (RBLX) Unveiled Build, Is The Stock Fully Priced? Positive Sentiment: Analysts and commentators are highlighting AI as a possible long-term catalyst, arguing that Build could make Roblox’s flywheel more powerful by making creation easier and more accessible on mobile. Roblox: AI Could Turn A Great Flywheel Into A Dominant One Neutral Sentiment: Several firms issued reminders about the August 7 deadline in the ongoing securities class action, with the alleged class period expanded for some claims. These notices increase legal overhang and can keep the stock in focus, but they are largely procedural updates rather than new operational developments. RBLX INVESTOR ALERT: Roblox Corporation (RBLX) Investors with Substantial Losses Have Opportunity to Lead the Roblox Class Action Lawsuit- August 7, 2026 Deadline Negative Sentiment: Rising litigation headlines, including expanded class periods and repeated lead-plaintiff reminders, add uncertainty around Roblox’s prior disclosures about platform safety and the impact of its age-verification rollout. That legal overhang may be weighing on sentiment toward Roblox Corporation (NYSE: RBLX). ROBLOX CORPORATION INVESTORS WITH LOSSES HAVE UNTIL AUGUST 7, 2026 TO JOIN SECURITIES CLASS ACTION – Bernstein Liebhard LLP Announces Deadline Insiders Place Their Bets In other news, insider Matthew D. Kaufman sold 14,356 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $45.27, for a total transaction of $649,896.12. Following the completion of the sale, the insider owned 349,964 shares in the company, valued at approximately $15,842,870.28. This represents a 3.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Naveen K. Chopra sold 16,863 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $45.28, for a total value of $763,556.64. Following the completion of the sale, the chief financial officer directly owned 380,758 shares of the company’s stock, valued at $17,240,722.24. The trade was a 4.24% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 161,983 shares of company stock valued at $7,580,990. 10.05% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Roblox Several hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC raised its stake in Roblox by 414.9% in the 4th quarter. Corient Private Wealth LLC now owns 101,171 shares of the company’s stock worth $8,198,000 after acquiring an additional 81,521 shares during the last quarter. Alberta Investment Management Corp lifted its position in Roblox by 24.6% during the 4th quarter. Alberta Investment Management Corp now owns 51,700 shares of the company’s stock worth $4,189,000 after acquiring an additional 10,200 shares during the period. Alpine Woods Capital Investors LLC purchased a new stake in Roblox during the 4th quarter valued at about $371,000. Vident Advisory LLC increased its holdings in shares of Roblox by 32.0% in the fourth quarter. Vident Advisory LLC now owns 34,924 shares of the company’s stock valued at $2,830,000 after purchasing an additional 8,460 shares during the period. Finally, FAS Wealth Partners Inc. purchased a new position in Roblox during the 4th quarter worth approximately $201,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

About Roblox (Get Free Report)

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.

Featured Articles Five stocks we like better than Roblox Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

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Posted by Defense World Staff on Jul 23rd, 2026

AR Asset Management Inc. grew its holdings in shares of Chubb Limited (NYSE:CB – Free Report) by 16.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 17,285 shares of the financial services provider’s stock after purchasing an additional 2,379 shares during the period. Chubb makes up approximately 1.1% of AR Asset Management Inc.’s holdings, making the stock its 27th largest position. AR Asset Management Inc.’s holdings in Chubb were worth $5,634,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CB. Spire Wealth Management boosted its stake in Chubb by 490.5% during the 4th quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock valued at $2,689,000 after purchasing an additional 7,156 shares during the last quarter. Chesley Taft & Associates LLC raised its stake in shares of Chubb by 7.4% in the fourth quarter. Chesley Taft & Associates LLC now owns 102,427 shares of the financial services provider’s stock worth $31,970,000 after purchasing an additional 7,043 shares during the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of Chubb by 42.3% during the fourth quarter. Pallas Capital Advisors LLC now owns 14,243 shares of the financial services provider’s stock valued at $4,446,000 after purchasing an additional 4,233 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Chubb by 1.7% during the first quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock valued at $102,959,000 after purchasing an additional 5,225 shares in the last quarter. Finally, waypoint wealth counsel boosted its position in shares of Chubb by 76.4% during the fourth quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock valued at $1,285,000 after buying an additional 1,784 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Stock Performance NYSE:CB opened at $343.42 on Thursday. The stock has a 50-day simple moving average of $334.18 and a two-hundred day simple moving average of $326.56. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $365.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $133.20 billion, a PE ratio of 12.15, a P/E/G ratio of 1.84 and a beta of 0.40.

Chubb (NYSE:CB – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping the consensus estimate of $6.78 by $0.48. Chubb had a return on equity of 14.55% and a net margin of 18.10%.The firm had revenue of $14.71 billion for the quarter, compared to the consensus estimate of $15.07 billion. During the same quarter last year, the company earned $6.14 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Analysts forecast that Chubb Limited will post 26.77 EPS for the current year.

Chubb Increases Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were issued a $1.02 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $4.08 annualized dividend and a yield of 1.2%. This is a positive change from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is currently 14.41%.

Trending Headlines about Chubb Here are the key news stories impacting Chubb this week:

Positive Sentiment: Chubb beat Q2 EPS estimates, reporting core operating income of $7.26 per share versus expectations, with earnings up sharply from a year ago. Article Title Positive Sentiment: Underwriting remained strong, with the P&C combined ratio at 83.8%, catastrophe losses easing, and record investment income helping support results. Article Title Positive Sentiment: Several Wall Street firms turned constructive, including Citizens JMP reaffirming an outperform rating with a $400 target and JPMorgan lifting its target to $370, signaling meaningful upside from current levels. Article Title Neutral Sentiment: Some analysts still flagged softer property-casualty market conditions and weakness in major account premiums, which could temper near-term growth expectations. Article Title Negative Sentiment: Revenue came in below consensus, and the market appears to be focusing more on slower premium growth than on the earnings beat, contributing to the stock’s pullback. Article Title Analyst Ratings Changes A number of equities research analysts have issued reports on the company. UBS Group boosted their price target on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Citigroup reiterated a “market outperform” rating on shares of Chubb in a research note on Wednesday. Atlantic Securities set a $301.00 price objective on shares of Chubb in a report on Wednesday, July 15th. Mizuho boosted their target price on shares of Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of Chubb from $340.00 to $370.00 and gave the company a “neutral” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus target price of $360.18.

Read Our Latest Stock Analysis on Chubb

Insider Buying and Selling In other Chubb news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.37% of the company’s stock.

Chubb Profile (Free Report)

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.

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

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Increases full year guidance July 23, 2026 06:55 ET  | Source: Roper Technologies, Inc.

SARASOTA, Fla., July 23, 2026 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (Nasdaq: ROP) reported financial results for the second quarter ended June 30, 2026.

Second quarter 2026 highlights

Revenue increased 9% to $2.11 billion; organic revenue was +5% and acquisition contribution was +3%GAAP DEPS increased 233% to $11.62; adjusted DEPS increased 10% to $5.38GAAP operating cash flow increased 16% to $469 million; adjusted free cash flow increased 11% to $447 millionRepurchased 3.6 million shares for $1.2 billion in Q2 (program to date: 9.0 million shares for $3.2 billion) "Roper delivered another solid quarter, with 9% total revenue growth, 5% organic revenue growth, and 11% free cash flow growth," said Neil Hunn, Roper Technologies' President and CEO. "We repurchased 3.6 million shares for $1.2 billion during the quarter, bringing our cumulative repurchase activity over the past three quarters to 9.0 million shares or more than 8% of shares outstanding, and rolling our share count back to 2013 levels."

"We continue to accelerate our pace of AI innovation, having launched multiple new products across the portfolio this quarter that expand our addressable markets. Early adopters are seeing the value of these solutions that address complex workflow challenges. This reinforces our conviction that Roper's vertical market-leading businesses, with deep domain expertise and proprietary data, are well positioned to create differentiated value for customers."

"Given the combination of our strong first half performance, share repurchases to date, and durable customer demand for our mission-critical solutions, we are raising our full year outlook. With significant capital deployment capacity, we are focused on attractive acquisition targets that will continue compounding free cash flow per share for our shareholders," concluded Mr. Hunn.

Increasing 2026 guidance

Roper now expects full year 2026 adjusted DEPS of $22.15 - $22.30, compared to previous guidance of $21.80 - $22.05. The Company increased its full year total revenue growth outlook to 8%+, compared to a previous outlook of ~8%, and increased its organic revenue growth outlook to ~6%, compared to a previous outlook of +5 - 6%.

For the third quarter of 2026, the Company expects adjusted DEPS of $5.75 - $5.80.

The Company’s guidance excludes the impact of unannounced future acquisitions or divestitures, proceeds from Indicor's pending divestiture of its instrumentation businesses, as well as potential share repurchases.

Conference call to be held at 8:00 AM (ET) today

A conference call to discuss these results has been scheduled for 8:00 AM ET on Thursday, July 23, 2026. The call can be accessed via webcast or by dialing +1 800-836-8184 (US/Canada) or +1 646-357-8785, using conference call ID 70538. Webcast information and conference call materials will be made available in the Investors section of Roper’s website (www.ropertech.com) prior to the start of the call. The webcast can also be accessed directly by using the following URL https://event.webcast. Telephonic replays will be available for up to two weeks and can be accessed by dialing +1 646-517-4150 with access code 70538 #.

Use of non-GAAP financial information

The Company supplements its consolidated financial statements presented on a GAAP basis with certain non-GAAP financial information to provide investors with greater insight, increase transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision-making. Reconciliation of non-GAAP measures to their most directly comparable GAAP measures are included in the accompanying financial schedules or tables. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP, and the financial results prepared in accordance with GAAP and reconciliations from these results should be carefully evaluated.

Minority interest

Following the sale of a majority stake in its industrial businesses to CD&R, Roper holds a minority interest in Indicor. The fair value of Roper’s equity investment in Indicor is updated on a quarterly basis and reported as "equity investment (gain) loss, net." Roper makes non-GAAP adjustments for the impacts associated with this investment.

Table 1: Revenue and adjusted EBITDA reconciliation ($M) Q2 2025 Q2 2026 V %GAAP revenue$      1,944  $      2,109  9 %
      Components of revenue growth     Organic    5 %
Acquisitions    3 %
Foreign exchange    — %
Total revenue growth    9 %
      Adjusted EBITDA reconciliation     GAAP net earnings$        378  $       1,168   Taxes           107             140   Interest expense             79               111   Depreciation             10               10   Amortization            213              221   EBITDA$        788  $      1,650  109 %
      Transaction-related expenses for completed
acquisitions              4               —   Financial impacts associated with minority
investments            (17)          (835)A Adjusted EBITDA$        775  $         815  5 %
Adjusted EBITDA margin 39.9%  38.6% (130 bps)
Table 2: Adjusted net earnings reconciliation ($M) Q2 2025 Q2 2026 V %GAAP net earnings$           378  $         1,168  209 %
Transaction-related expenses for completed
acquisitions                  3                  —   Financial impacts associated with minority
investments               (13)              (791)A Amortization of acquisition-related intangible
assets              160                164 B Adjusted net earnings C$           528  $           542  3 %
       Table 3: Adjusted DEPS reconciliation Q2 2025 Q2 2026 V %GAAP DEPS$          3.49  $          11.62  233 %
Transaction-related expenses for completed
acquisitions            0.03                  —   Financial impacts associated with minority
investments            (0.12)            (7.86)A Amortization of acquisition-related intangible
assets             1.48                1.63 B Adjusted DEPS C$          4.87  $          5.38  10 %
       Table 4: Adjusted cash flow reconciliation ($M) Q2 2025 Q2 2026 V %Operating cash flow$          404  $          469  16 %
Taxes paid in period related to divestiture               30                  —   Adjusted operating cash flow$          434  $          469  8 %
Capital expenditures               (16)                 (11)  Capitalized software expenditures               (14)                (16)  Outgo beneficial interest collections                —                   4 D Adjusted free cash flow$          403  $          447  11 %
       Table 5: Forecasted adjusted DEPS reconciliation Q3 2026 FY 2026 Low end High end Low end High endGAAP DEPS E$       4.07 $        4.12 $     24.78  $     24.93 YTD financial impacts associated with the
minority investment in Indicor ATBD TBD           (9.16)           (9.16)Amortization of acquisition-related
intangible assets B           1.68            1.68           6.53            6.53 Adjusted DEPS C$        5.75 $       5.80  $       22.15  $      22.30          Footnotes:

A.Adjustments related to the financial impacts associated with the minority investment in Indicor as shown below ($M, except per share data). Forecasted results do not include any future impacts associated with our minority investment in Indicor, as these future impacts cannot be reasonably predicted. These impacts will be excluded from all non-GAAP results in future periods.             Q2 2026A  Q3 2026E FY 2026E  YTD 2026 Pretax$           (835)  TBD TBD  $         (1,002) After-tax$            (791)  TBD TBD  $           (925) Per share$          (7.86)  TBD TBD  $           (9.16)           B.Actual results and forecast of estimated amortization of acquisition-related intangible assets as shown below ($M, except per share data).             Q2 2026A  Q3 2026E FY 2026E    Pretax$            208    $              211 $             835     After-tax$             164   $             167 $            660     Per share$             1.63   $            1.68 $            6.53              C.All actual and forecasted non-GAAP adjustments are taxed at 21% with the exception of the financial impacts associated with minority investments.           D.Cash collected on Outgo's beneficial interest, the residual amount owed to Outgo after it sells receivables to a third-party financial institution, classified within cash flows from investing activities.           E.Forecasted GAAP DEPS do not include any future impacts associated with our minority investment in Indicor. These impacts will be excluded from all non-GAAP results in future periods. Note: Numbers may not foot due to rounding.

About Roper Technologies

Roper Technologies is a constituent of the Nasdaq 100, S&P 500, and Fortune 500. Roper has a proven, long-term track record of compounding cash flow and shareholder value. The Company operates market leading businesses that design and develop vertical software and technology enabled products for a variety of defensible niche markets. Roper utilizes a disciplined, analytical, and process-driven approach to redeploy its excess capital toward high-quality acquisitions. Additional information about Roper is available on the Company’s website at www.ropertech.com.

Contact information:
Investor Relations
941-556-2601
[email protected]

The information provided in this press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements may include, among others, statements regarding operating results, the success of our internal operating plans, and the prospects for newly acquired businesses to be integrated and contribute to future growth, profit and cash flow expectations. Forward-looking statements may be indicated by words or phrases such as "anticipate," "estimate," "plans," "expects," "projects," "should," "will," "believes," "intends" and similar words and phrases. These statements reflect management's current beliefs and are not guarantees of future performance. They involve risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statement. Such risks and uncertainties include our ability to identify and complete acquisitions consistent with our business strategies, integrate acquisitions that have been completed, realize expected benefits and synergies from, and manage other risks associated with, acquired businesses, including obtaining any required regulatory approvals with respect thereto, and our ability to develop, deploy, and use artificial intelligence in our platforms and offerings. We also face other general risks, including our ability to realize cost savings from our operating initiatives, general economic conditions and the conditions of the specific markets in which we operate, including risks related to labor shortages and volatile interest rates, changes in foreign exchange rates, risks related to changing U.S. and foreign trade policies, including increased trade restrictions or tariffs, risks associated with our international operations, cybersecurity and data privacy risks, including litigation resulting therefrom, risks related to political instability, armed hostilities, incidents of terrorism, public health crises or natural disasters, increased product liability and insurance costs, increased warranty exposure, future competition, changes in the supply of, or price for, parts and components, including as a result of inflation and potential supply chain constraints, environmental compliance costs and liabilities, risks and cost associated with litigation, potential write-offs of our substantial intangible assets, and risks associated with obtaining governmental approvals and maintaining regulatory compliance for new and existing products. Important risks may be discussed in current and subsequent filings with the SEC. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

Roper Technologies, Inc.   Condensed Consolidated Balance Sheets (unaudited)  (Amounts in millions)        June 30, 2026 December 31, 2025ASSETS:       Cash and cash equivalents$                          364.9  $                          297.4 Accounts receivable, net                              927.2                              1,001.0 Inventories, net                              145.4                                 141.7 Income taxes receivable                                73.3                                 128.2 Unbilled receivables                               153.8                                124.0 Prepaid expenses and other current assets                              253.9                                235.8 Total current assets                            1,918.5                              1,928.1     Property, plant and equipment, net                               158.7                                 156.9 Goodwill                         21,330.7                            21,341.2 Other intangible assets, net                          9,347.3                            9,764.2 Deferred taxes                                67.8                                   73.3 Equity investment                            1,792.2                                796.3 Other assets                              554.3                                 517.0 Total assets$                      35,169.5  $                     34,577.0     LIABILITIES AND STOCKHOLDERS’ EQUITY:       Accounts payable$                            174.1  $                           150.3 Accrued compensation                              232.0                                293.0 Deferred revenue                           1,707.8                             1,906.8 Other accrued liabilities                             588.9                                 642.3 Income taxes payable                                49.4                                   28.0 Current portion of long-term debt, net                               718.3                                705.2 Total current liabilities                          3,470.5                             3,725.6     Long-term debt, net of current portion                          10,601.1                            8,595.8 Deferred taxes                           1,897.4                              1,883.1 Other liabilities                             500.2                                 491.0 Total liabilities                         16,469.2                           14,695.5     Common stock, 350.0 shares authorized; 109.4 shares
issued and 98.9 outstanding at June 30, 2026 and 109.3
shares issued and 106.6 outstanding at December 31, 2025                                    1.1                                      1.1 Additional paid-in capital                            3,391.9                             3,292.2 Retained earnings                         18,697.6                           17,205.7 Accumulated other comprehensive loss                             (135.5)                              (101.4)Treasury stock, 10.5 shares at June 30, 2026 and 2.7 shares
at December 31, 2025                         (3,254.8)                               (516.1)Total stockholders’ equity                        18,700.3                            19,881.5 Total liabilities and stockholders’ equity$                      35,169.5  $                     34,577.0      Roper Technologies, Inc.     Condensed Consolidated Statements of Earnings (unaudited)    (Amounts in millions, except per share data)             Three months ended
June 30, Six months ended
June 30,  2026   2025   2026   2025Net revenues$       2,108.9  $       1,943.6  $      4,204.2   $      3,826.4Cost of sales             638.7               598.2            1,280.2             1,187.3Gross profit          1,470.2            1,345.4           2,924.0             2,639.1        Selling, general and administrative expenses             885.5                797.1             1,769.7            1,565.0Income from operations             584.7               548.3             1,154.3             1,074.1        Interest expense, net               111.4                  79.1                210.7               142.0Equity investment (gain) loss, net           (835.2)               (16.6)          (1,002.5)                27.8Other expense, net                 0.5                   0.5                     3.1                    1.0Earnings before income taxes          1,308.0               485.3            1,943.0               903.3        Income taxes              139.5               107.0               265.6                193.9Net earnings$        1,168.5  $          378.3  $       1,677.4  $         709.4        Net earnings per share:       Basic$           11.64  $            3.52  $          16.40  $            6.60Diluted$           11.62  $            3.49  $           16.35  $            6.55        Weighted average common shares outstanding:       Basic 100.4   107.6   102.3   107.5Diluted 100.6   108.4   102.6   108.3 Roper Technologies, Inc.        Selected Segment Financial Data (unaudited)        (Amounts in millions; percentages of net revenues)                         Three months ended June 30, Six months ended June 30,  2026   2025   2026   2025  Amount % Amount % Amount % Amount %Net revenues:               Application Software$   1,180.8   $  1,094.9   $  2,372.3   $    2,163.1  Network Software        430.9            385.4           858.5             761.3  Technology Enabled Products        497.2           463.3           973.4           902.0       Total$   2,108.9   $   1,943.6   $4,204.2    $  3,826.4                                  Gross profit:               Application Software$     823.7 69.8% $      753.3 68.8% $   1,646.3 69.4% $   1,474.1 68.1%Network Software        363.4 84.3%         320.8 83.2%          723.8 84.3%         636.4 83.6%Technology Enabled Products          283.1 56.9%           271.3 58.6%          553.9 56.9%          528.6 58.6%    Total$   1,470.2 69.7% $   1,345.4 69.2% $  2,924.0 69.5% $   2,639.1 69.0%                                Operating profit*:               Application Software$     324.0 27.4% $     294.6 26.9% $     643.2 27.1% $      571.4 26.4%Network Software         176.6 41.0%          169.3 43.9%         350.4 40.8%         336.0 44.1%Technology Enabled Products          165.7 33.3%           164.1 35.4%          320.1 32.9%           317.7 35.2%    Total$     666.3 31.6% $     628.0 32.3% $    1,313.7 31.2% $    1,225.1 32.0%                                * Segment operating profit is before unallocated corporate general and administrative expenses and enterprise-wide stock-based compensation. These expenses were $81.6 and $79.7 for the three months ended June 30, 2026 and 2025, respectively, and $159.4 and $151.0 for the six months ended June 30, 2026 and 2025, respectively. Roper Technologies, Inc. Condensed Consolidated Statements of Cash Flows (unaudited)(Amounts in millions) Six months ended
June 30,  2026   2025 Cash flows from operating activities:   Net earnings$    1,677.4  $      709.4 Adjustments to reconcile net earnings to cash flows from operating activities:   Depreciation and amortization of property, plant and equipment             20.1               19.6 Amortization of intangible assets         440.9             417.2 Amortization of deferred financing costs               6.3                 5.5 Non-cash stock compensation           108.2              82.7 Equity investment (gain) loss, net      (1,002.5)             27.8 Income tax provision          265.6            193.9 Changes in operating assets and liabilities, net of acquired businesses:   Accounts receivable             71.0              37.4 Unbilled receivables          (30.8)             (9.7)Inventories             (4.9)             (9.6)Prepaid expenses and other current assets           (23.3)           (22.9)Accounts payable            24.4                 7.0 Other accrued liabilities           (93.9)          (115.4)Deferred revenue         (193.6)          (132.7)Cash taxes paid for gain on disposal of equity investment                 —            (30.2)Cash income taxes paid, excluding tax associated with gain on disposal of equity investment         (190.2)         (233.7)Other, net             (13.1)            (13.5)Cash provided by operating activities        1,061.6            932.8     Cash flows from (used in) investing activities:   Acquisitions of businesses, net of cash acquired           (27.5)     (2,005.2)Capital expenditures           (25.3)           (26.0)Capitalized software expenditures           (30.9)           (26.8)Distributions from equity investment               6.7                 5.1 Cash receipts on beneficial interest in sold receivables               4.5                  — Other, net               0.2                 1.6 Cash used in investing activities           (72.3)       (2,051.3)    Cash flows from (used in) financing activities:   Borrowings under revolving credit facility, net      2,000.0         1,275.0 Debt issuance costs             (3.9)                 — Cash dividends to stockholders          (191.4)          (177.2)Repurchases of common stock     (2,726.7)                 — Proceeds from (tax withholding payments for) stock-based compensation, net             (8.6)             73.8 Treasury stock sales under employee stock purchase plan              12.7               12.5 Other, net             12.8            (43.9)Cash provided by (used in) financing activities         (905.1)         1,140.2     Effect of exchange rate changes on cash            (16.7)             32.5     Net increase in cash and cash equivalents             67.5              54.2     Cash and cash equivalents, beginning of period          297.4            188.2     Cash and cash equivalents, end of period$       364.9  $      242.4     

Key Takeaways Analysts are raising earnings estimates on Expeditors International ahead of Q2 results.The Zacks Consensus is looking for earnings to jump 13.3% in 2026.Expeditors International has a $3 billion share repurchase program and pays a dividend. Expeditors International of Washington, Inc. (EXPD - Free Report) is expected to grow earnings by the double digits in 2026 as logistics heats up. Analysts are raising earnings estimates on this Zacks Rank #1 (Strong Buy) even before it reports Q2 earnings in August 2026.

Expeditors International of Washington is a global logistics company headquartered in Bellevue, Washington. It has 171 district offices and numerous branch locations across six continents.

Services include consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, time-definite transportation, cargo insurance, order management, customized logistics solutions, and warehousing and distribution.

Expeditors International Expands its Aircraft on Ground (AOG) CapabilitiesOn July 20, 2026, Expeditors International of Washington announced it was expanding its global Aircraft on Ground (AOG) capabilities by bringing together logistics teams, 24/7/365 support centers and access to the company’s global network for those customers facing urgent operational disruptions.

The AOG product supports airlines, aircraft manufacturers, maintenance, repair and overhaul organizations, aerospace suppliers, defense customers, advanced air mobility providers, and others who are in the aviation industry.

This comes at a time when there is a need for specialized support during unexpected aircraft downtime, critical parts shortages, and unplanned maintenance events, as well as other operational challenges. The global air fleet is aging and requires more support.

Analysts Bullish on Expeditors International’s Earnings for Q2 2026 and FY2026Expeditors will report second quarter 2026 earnings on Aug 4, 2026. But the analysts are getting bullish ahead of the report.

One estimate has been raised for the second quarter in the last week, pushing the Zacks Consensus Estimate up to $1.68 from $1.64. This is earnings growth of 25.4% as Expeditors only made $1.34 last year.

It has beat on earnings nine quarters in a row.

For the full year, analysts are bullish as well. One estimate is higher in the last seven days, with four higher in the last month for 2026. The 2026 Zacks Consensus Estimate has jumped to $6.74 from $6.66 in the last month.

But the most accurate estimate for the full year is looking for $6.85, which is $0.09 higher than the consensus.

This is 13.3% earnings growth year-over-year as Expeditors made $5.95 in 2025.

Image Source: Zacks Investment Research

Shares of Expeditors International Near 52-Week HighsThe shares have busted out to new 5-year and 52-week highs as the earnings picture has improved.

Image Source: Zacks Investment Research

Expeditors International isn’t cheap, however. It trades with a forward price-to-earnings (P/E) ratio of 26.5. A P/E of 15 or under usually indicates value. But investors would be buying Expeditors for its growth.

It is shareholder friendly. In Feb 2026, the Board of Directors authorized a new $3 billion share repurchase program. It is also a dividend aristocrat and pays a dividend yielding 0.9%.

Since 2024, Expeditors International has returned nearly $2 billion to shareholders in the form of dividends and share repurchases.

Logistic services are heating up again. For those looking for a way to get in on this trade, Expeditors International of Washington should be on your short list.

New capabilities will help 20% more customers with complex or chronic health needs access personalized clinical support earlier, reducing medical costs by $200M over three years

, /PRNewswire/ -- Cigna Healthcare®, the health benefits division of The Cigna Group (NYSE: CI), is significantly expanding its personalized care management programs through AI-enabled capabilities and predictive analytics that help identify customers who would benefit from earlier support and connect them with clinicians. The expansion will support 20% more customers with emerging, complex or chronic health needs – including cancer, heart disease, kidney disease, high-risk pregnancy, and behavioral health conditions.

AI-enabled capacities identify opportunities for personalized outreach and support, while experienced clinicians provide the guidance, care coordination, and expertise needed to help customers navigate their health journey with confidence. More than 1,250 Cigna Healthcare clinicians, including nurses and behavioral health specialists, guide customers as they navigate care, coordinate with multiple providers, and access additional resources. Through these new capabilities, clinicians will help customers address health needs earlier and manage conditions more effectively – reducing medical costs for engaged customers by $2,000 per year on average, resulting in an estimated $200 million in total savings over the next three years.

"As costs for hospital care, emergency services, and prescription drugs continue to rise, we are investing in tools and clinical programs that help customers avoid unnecessary hospitalizations, better manage chronic conditions, and reduce the likelihood of more serious and expensive health events later," said Bryan Holgerson, President, Cigna Healthcare U.S. and Executive Vice President, Customer Health Outcomes, The Cigna Group. "By combining predictive analytics, AI-enabled capabilities, and clinical expertise, we can identify health needs earlier and connect more customers with personalized support when it has the greatest impact."

Cigna Healthcare's care management programs have demonstrated meaningful results:

95% customer satisfaction among surveyed customers A 42% reduction in avoidable inpatient stays among customers who engage early with care management support Earlier identification of likely breast, colorectal, and lung cancer diagnoses by approximately 55, 46, and 37 days, respectively 72% of customers achieving clinically meaningful improvement in depression symptoms when connected to high-quality behavioral health providers "Health care can be difficult to navigate, especially when someone is facing a new diagnosis or complex condition. Our goal is to make it easier for customers to connect with an experienced Cigna Healthcare clinician who can help them understand their options and make the most of the support available through their health plan," said Dr. Stanley Crittenden, Chief Medical Officer, Cigna Healthcare. "With earlier guidance, we can help customers get the right care at the right time and avoid more serious and costly health complications." 

How These Enhancements Improve Customer Experience 
These AI-enabled capabilities help Cigna Healthcare identify opportunities to provide support earlier, personalize engagement, and connect more customers with experienced clinicians.

Earlier Identification of Support Opportunities: Advanced predictive models and AI-enabled insights help identify emerging health needs sooner, creating more opportunities to engage customers before a condition becomes more serious. More Personalized Engagement: Customers can connect with clinicians through the channels they prefer, including phone, text, email, and digital tools. These interactions create more opportunities to provide guidance, answer questions, and support healthier outcomes. Greater Access to Expert Clinical Support: AI-enabled capabilities help identify and prioritize engagement opportunities, allowing clinicians to focus more time on helping customers understand their options, coordinate care, and access resources. This work advances the company's commitments to create more connected, personalized health care experiences and complements services such as My Personal Champion, which helps customers navigate the administrative challenges that often accompany complex health conditions, including prior authorizations, claims, and continuity of care.

About Cigna Healthcare
Cigna Healthcare is a health benefits provider that advocates for better health through every stage of life. We guide our customers through the health care system, empowering them with the information and insight they need to make the best choices for improving their health and vitality. Products and services are provided exclusively by or through operating subsidiaries of The Cigna Group (NYSE:CI), including Cigna Health and Life Insurance Company, Connecticut General Life Insurance Company, Evernorth Health companies or their affiliates and Express Scripts companies or their affiliates. Such products and services include an integrated suite of health services, such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits, and others.

Learn more at  www.cignahealthcare.com.

MEDIA CONTACT:
Gena Madow
[email protected] 
240.513.5986

SOURCE Cigna Healthcare

Broader AI adoption improves productivity across asset recovery and enterprise operations

, /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and global markets, today announced measurable operating efficiency improvements as it continues to deploy AI agents across core enterprise workflows. Broader AI adoption is reducing manual intervention, increasing workforce productivity and creating greater operating leverage by automating high-volume processes across multiple business functions.

These deployments are a key component of Yiren Digital's "All-in-AI" strategy and its broader transition from AI-assisted productivity toward agent-driven execution. By embedding AI agents into core workflows, the Company is creating reusable operating capabilities that can be deployed across its businesses, supporting greater efficiency and reducing the cost of extending automation into new functions.

"Our objective is not simply to automate individual tasks, but to fundamentally improve how work is performed across the enterprise," said Mr. Ning Tang, Chairman and Chief Executive Officer of Yiren Digital. "As AI agents take on more of our high-volume, demanding workflows, the productivity gains are becoming a structural part of how we run the business, not a one-time efficiency project. We will continue to deepen AI integration across our existing businesses while extending reusable capabilities into additional verticals."

The AI deployments are supported by the Company's proprietary enterprise AI architecture, including MagiCube 2.0, its upgraded multi-agent platform. The platform provides common infrastructure for agents deployed across marketing, customer service, capital operations, risk management, compliance and research and development, with more than 10 reusable foundational capabilities, supporting enterprise-wide execution.

Measurable Operating Impact

Lower manual intervention: The human handling rate in asset-recovery operations decreased from 45.0% to 24.9%, representing a 20.1-percentage-point decline, an approximately 44.6% relative reduction in manual intervention.

Higher staff productivity: The number of service tickets handled per asset-recovery staff member within the applicable Month 1 workflow increased from 358 to 525, an improvement of approximately 47%.

Expanded agent adoption: AI agents accounted for 81% of service tickets within eligible Day 1 asset-recovery workflows in 2025, up from 50% in 2024. The Company also deployed AI agents selectively in later-stage workflows, accounting for 20% of eligible service tickets at Day 4, 14% at Day 16 and 20% at Month 2. Each percentage is calculated separately for the relevant stage and should not be interpreted as a sequential adoption trend.

Enterprise-wide reuse: MagiCube 2.0 supports agent deployment across six enterprise functions, allowing the Company to apply common AI capabilities to a broader range of regulated and high-volume workflows.

Enterprise-scale AI execution: The Fengchao AI voice agent processes approximately 1,500 hours of real-time speech-to-text activity each day. The LingShu intelligent marketing platform executes more than 1,700 tasks daily and generates individualized communication content in an average of 0.6 seconds.

Building Enterprise Operating Leverage Through AI

As AI deployment expands across the enterprise, Yiren Digital is increasingly shifting repetitive, high-volume tasks from human-assisted processes toward agent-driven execution. By combining AI agents with centralized orchestration and governance, the Company is improving operating consistency, strengthening workforce productivity and creating reusable capabilities that increase operating leverage as AI is deployed across additional business functions.

Yiren Digital plans to continue expanding agent-driven workflows across its credit and insurance operations, as part of its ongoing All-in-AI strategy, while strengthening the shared architecture and governance that support enterprise-wide AI deployment. These capabilities are designed to scale across multiple use cases and provide a foundation for the Company's broader expansion into AI application-layer opportunities, including AI entertainment and AI-assisted language learning.

About Yiren Digital

Yiren Digital Ltd. is a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and global markets. The Company leverages advanced artificial intelligence and emerging technologies to enhance customer experience, optimize capital efficiency, and expand financial inclusion. Following the regulatory filing of its in-house developed Large Language Model Zhiyu, and the significant enhancement of its MagiCube Agent platform, Yiren Digital is establishing a new growth engine to accelerate its evolution into an AI-native, multi-industry operating platform extending beyond traditional financial services. For more information, please visit https://ir.yiren.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "aim," "anticipate," "believe," "estimate," "expect," "hope," "going forward," "intend," "ought to," "plan," "project," "potential," "seek," "may," "might," "can," "could," "will," "would," "shall," "should," "is likely to" and the negative form of these words and other similar expressions. This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident," and similar expressions. Forward-looking statements are based on management's current expectations, assumptions, and assessments of current market and operating conditions. These statements involve inherent risks, uncertainties, and other factors, many of which are outside the control of the Company, and which could cause actual results to differ materially from those expressed or implied in such statements. Actual results may differ materially from those expressed or implied in forward-looking statements due to a variety of factors and other risks described in the Company's filings with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. The Company undertakes no, and expressly disclaims any, obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required under applicable law.

SOURCE Yiren Digital Ltd.

Warren Buffett built Berkshire Hathaway (BRKB -0.05%) by avoiding things he did not understand, and for the most part, that has kept the company on the sidelines of the AI stock frenzy.

Yet Berkshire may have more AI exposure than it appears, and it comes from an unlikely place: not a chipmaker, but one of its wholly owned subsidiaries, Berkshire Hathaway Energy. This sprawling collection of regulated utilities is quietly turning into a backdoor winner of the artificial intelligence boom.

Image source: Getty Images.

How a utility becomes an AI winner The connection is simple once you see it. AI data centers are astonishingly hungry for electricity, and someone has to generate and deliver that power. Berkshire Hathaway Energy owns utilities across the country, including MidAmerican in Iowa, NV Energy in Nevada, and PacifiCorp in the West, and they are watching demand surge.

In Iowa, a cluster of mega data centers now accounts for roughly 8% of peak electricity load, and management expects data center consumption to keep climbing for years.

Here is why that matters for profits. Regulated utilities make money in two reinforcing ways. They sell more electricity as demand rises, and, more importantly, they earn a regulated return on the capital they invest to serve that demand. Berkshire Hathaway Energy is in the middle of a roughly $34 billion capital plan to build out generation, storage, and transmission, and every dollar of approved investment becomes a base on which it earns steady profits for decades.

Berkshire's own CEO, Greg Abel, who ran this business, told shareholders that about half of its energy operations are now addressing AI-related power needs. That is a striking statement for a company usually associated with power lines and pipelines, not silicon.

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Some things to consider I would keep expectations measured. Utilities grow slowly and swallow enormous amounts of capital, and their returns depend on regulators approving rate increases, which is never guaranteed. Berkshire Hathaway Energy also carries real liabilities, including wildfire exposure at PacifiCorp that has cost it dearly. And because Berkshire is so vast, even a thriving energy unit will not move the overall stock the way a hot chip stock might. This is a slow, steady contributor, not a moonshot.

The lesson here is that AI's beneficiaries extend far beyond the obvious names. Berkshire may have barely touched AI stocks, but through Berkshire Hathaway Energy it owns a genuine stake in the electricity boom powering the entire movement. For shareholders, it is a reminder that Berkshire's famous caution does not mean missing the trend entirely. Sometimes the smartest AI exposure is not in the chips at all, but in the unglamorous business of keeping them running.