Track market-moving stories before they get noisy

Insurers gain speed and precision across the insurance lifecycle to launch products faster, assess and price risk more effectively, and resolve claims sooner

, /PRNewswire/ -- CONNECTIONS CONFERENCE -- Guidewire (NYSE: GWRE) today launched a new platform approach to agentic insurance, giving insurers an open, secure, and complete foundation for putting AI to work across the insurance lifecycle. By bringing together the applications, data, workflows, and controls insurers need, Guidewire sets out a practical model for moving from isolated AI experiments to governed agents that improve the speed and precision of insurance decisions and actions.

"Insurance is a business of decisions and actions made in context," said Mike Rosenbaum, chief executive officer, Guidewire. "By embedding agentic capabilities where insurers already run their core operations, Guidewire gives agents the context and controls they need to work with speed and precision on a proven durable foundation."

Guidewire agents run on the same trusted platform as its core applications and work with an insurer's current data and workflows. For agents to work effectively, they need to know what is true, what has already been done, and what they are allowed to do. The platform's controls enforce those boundaries with consistent security and a clear audit trail that remains current and secure through ongoing updates.

"We took a platform approach to AI, so agents run on the same platform as the core, with access to an insurer's context, data, and workflows," said Diego Devalle, chief product development officer, Guidewire. "The scalability and observability that already support the core now support agents too. That is why insurers can put them to work on live claims and policies, and why developers can build on the same open foundation."

The examples below represent a sample of Guidewire's growing portfolio of agents and agentic capabilities across the insurance lifecycle. Guidewire will continue to expand this portfolio, giving insurers more ways to put agents to work within the workflows and controls of the Guidewire platform.

Agentic underwriting

The speed of competition in the market is putting pressure on insurers to increase product and pricing agility. Guidewire shortens the path from product concept to market, giving underwriters clearer risk context and decision support within the work they already do.

Advanced Product Designer. Product managers can now move products from intent to market-ready in days, with impact analysis, gap detection, and explainable recommendations. Agentic tooling speeds up the work of designing and refining products*.PricingCenter. Actuaries can move sophisticated pricing models to live rates in days by validating rules, factors, and adjustments while maintaining the established efficiency of promotion to production. This keeps portfolio impact visible. Native integration with PolicyCenter connects pricing decisions directly to policy workflows.*Risk Accumulation App*. Underwriters and portfolio managers can see concentration and exposure by peril on a map, from a single submission to the whole book. They can check how one risk changes portfolio exposure without leaving their normal workflow.UnderwritingCenter*. Underwriters gain greater productivity and precision and can quote directly in UnderwritingCenter. It turns raw submissions into clear risk profiles and matches risks to portfolio strategy and appetite. Direct integration moves the quote into PolicyCenter, removing the risk of handoffs.ProNavigator. Underwriters use embedded AI and Guidewire-developed agents* for submission summaries, relevant risk insights, and next-best actions.Agentic claims

Claims teams face similar pressure to act quickly while increasing the precision of each decision. Guidewire puts agentic capabilities in the flow of work, from first notice of loss through adjudication and the broader indemnity supply chain.

Concierge. Claimants connect with autonomous agents by voice or chat. The agents capture full loss details and deliver decision-ready claims to ClaimCenter.ProNavigator. Adjusters move from context to decision faster with answers, suggestions, and next-best actions from an embedded AI assistant and Guidewire-developed agents.Workers' Compensation Solution. Claims teams can help injured workers recover sooner with a connected solution that links claims work with digital tools and AI."A claim goes faster when adjusters have the facts from the start," said Amy Mollin, vice president, product management, Guidewire. "We built agents into ClaimCenter, where the work already happens, to capture the loss, summarize the file, and flag risk. That gives adjusters time back for the decisions and conversations that matter most to claimants and injured parties."

"Insurers are moving beyond AI experimentation and looking for ways to put agentic AI to work across the insurance lifecycle," said Karlyn Carnahan, executive partner, Celent. "The next challenge is making these capabilities work within the systems and workflows that run the business. That is where the platform matters. By connecting agents to core data and processes, Guidewire gives insurers a practical path to deploy them in production with the controls they need."

Agentic platform and data

Guidewire gives technical teams the infrastructure and current insurance data to put agents into production and govern how they operate.

Agentic Framework. Insurers can use Guidewire-developed agents or build their own, select the model for each task, enforce guardrails, evaluate behavior, and monitor costs.Developer Assistants. Guidewire-aware assistants help technical teams update code, workflows, and rules faster.DevSpace*. Developers start sooner in preconfigured cloud environments with built-in Guidewire tooling.Guidewire Data Platform. Policy, claims, and billing data come together in one place, so agents and predictive models draw on the same data.Data Studio and Explore. Curated P&C datasets are ready to use on day one. Insurers can also draw business insight from their own data.Kaleidoscope*. Predictive models tuned to an insurer's own book can also draw on industry and third-party data to fill gaps. Federated learning trains the models where each party's data resides, so records don't move and privacy is preserved.*"Innovation is about reimagining how work gets done and giving our people the capabilities to make that possible," said Tatjana Lalkovic, Chief Technology Officer, Definity. "Guidewire Developer Assistants bring relevant context directly into the development process, helping our teams move from idea to implementation faster while keeping human judgment and our standards at the center. It's a great example of how we're using AI to increase the pace of innovation and deliver value to our business, brokers, and customers sooner."

Guidewire is also using AI to transform how it delivers programs with customers. Across professional services, Guidewire has embedded AI into its implementation methodology, materially reducing migration and implementation timelines. This enables insurers to put new capabilities in the hands of claims and underwriting teams sooner.

Guidewire is demonstrating these advancements this week at Guidewire Connections in Las Vegas, where over 3,000 insurers and partners from 36 countries have gathered for the company's annual customer conference.

Certain release features may not be available in all regions.

*Indicates product feature is available for Early Access customers only or Guidewire Roadmap Features.

Connections keynote sessions will be livestreamed and available on-demand. To view the livestream and learn more about Guidewire's new platform approach to agentic insurance, visit the Guidewire website.

About Guidewire

Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurers in 44 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers.

We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry's largest R&D team and consulting partner ecosystem. Our marketplace represents the largest partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation.

For more information, please visit www.guidewire.com and follow us on X and LinkedIn.

Media Contact:

Melissa Cobb
Director, Public Relations
Guidewire Software, Inc.
+1.650.464.1177
[email protected]

NOTE: For information about Guidewire trademarks, visit www.guidewire.com/legal-notices.

Cautionary Language Concerning Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the general availability of features, programs, services, and tools mentioned in this press release (including, without limitation, Advanced Product Designer, PricingCenter, Risk Accumulation App, UnderwritingCenter, ProNavigator, DevSpace, and Kaleidoscope). These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Words such as expect, anticipate, should, believe, hope, target, project, goals, estimate, potential, predict, may, will, might, could, intend, variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Guidewire's control. Guidewire's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Guidewire's most recent Forms 10-K and 10-Q filed with the Securities and Exchange Commission as well as other documents that may be filed by Guidewire from time to time with the Securities and Exchange Commission. In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: fluctuations in our quarterly and annual operating results; our reliance on sales to, and renewals from, a relatively small number of large customers and the related substantial negotiating leverage of these customers; the length and complexity of our sales, product development, and implementation cycles; our competitive environment and changes thereto; our ability to effectively manage international expansion; issues in the development, adoption, deployment, workforce use and maintenance of artificial intelligence ("AI") and machine learning technologies combined with an uncertain and evolving regulatory environment; long-term pricing commitments made in our customer contracts based on available information; our ability to expand adoption of our cloud-based products and services, and the risk that any of our established products may fail to satisfy customer demands or maintain market acceptance; the impact of seasonal and other variations related to our customer agreements and revenue recognition on our results of operations, ARR, and cash flows; our ability to develop, introduce, and market new and enhanced versions of our products and services; our ability to retain existing and hire new personnel, including managing a hybrid and geographically distributed workforce; errors or failures in our products or services, as well as service interruptions or failure of the third-party service providers we rely on; our dependence on the quality of our professional services and third-party global system integrator partners to sell our products and services; the impact of changes in our revenue mix, and the realization of lower gross margins from our services, subscription, and support revenues compared to our license revenue; the impact of global events (including, without limitation, macroeconomic and geopolitical conditions, ongoing global conflicts, inflation, high interest rates, and general economic volatility); data security breaches of our cloud-based services and products or unauthorized access to our employees' or our customers' data; the impact of evolving regulations and laws (including, without limitation, security, privacy, AI and machine learning, tax regulations and laws, and accounting standards); assertions by third parties that we violate their intellectual property rights; stock price volatility regardless of our operating performance; and other risks and uncertainties. Past performance is not indicative of future results. The forward-looking statements included in this press release represent Guidewire's views as of the date of this press release. Guidewire anticipates that subsequent events and developments will cause its views to change. Guidewire undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing Guidewire's views as of any date subsequent to the date of this press release.

SOURCE Guidewire Software

SAN DIEGO, Oct. 27, 2026 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of D-Wave Quantum Inc. (NASDAQ: QBTS) securities between February 26, 2026 and August 25, 2026, inclusive (the “Class Period”), have until December 15, 2026 to seek appointment as lead plaintiff of the D-Wave class action lawsuit. Captioned Fessler v. D-Wave Quantum Inc., No. 26-cv-11953 (N.D. Cal.), the D-Wave class action lawsuit charges D-Wave as well as certain of D-Wave’s top current and former executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the D-Wave class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-d-wave-quantum-inc-class-action-lawsuit-qbts.html

You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at [email protected].

CASE ALLEGATIONS: D-Wave engages in the development and delivery of quantum computing systems, software, and services.

The D-Wave class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) defendants materially overstated D-Wave’s business and financial prospects; (ii) the foregoing was reasonably likely to negatively impact D-Wave’s business and reputation; and (iii) as a result, defendants’ public statements were materially false and misleading at all relevant times.

On August 6, 2026, D-Wave announced its financial results for the second quarter of 2026, allegedly reporting revenue of just $3.08 million, compared to $3.1 million for the same period in the prior year, falling short of analyst expectations ranging from $4.03 million to $4.08 million. On this news, the price of D-Wave stock fell more than 9%, according to the complaint.

On August 25, 2026, D-Wave issued a press release “announc[ing] that John Markovich is retiring and thus resigning from his position as Chief Financial Officer effective September 2, 2026.” On this news, the price of D-Wave stock fell nearly 10%, according to the complaint.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired D-Wave securities during the Class Period to seek appointment as lead plaintiff in the D-Wave class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the D-Wave class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the D-Wave class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the D-Wave class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes. 
Services may be performed by attorneys in any of our offices. 

Contact:
        Robbins Geller Rudman & Dowd LLP
        Ken Dolitsky
        Michael Albert
        655 W. Broadway, Suite 1900, San Diego, CA 92101
        800/851-7783
        [email protected]

Seagate stock shed 30% in a single month even as revenue surged 48% and contracts locked in demand through 2028, leaving investors to decide whether the selloff is a warning or the setup of the year.

Seagate Technology (NASDAQ:STX | STX Price Prediction) closed at $642.14. The 24/7 Wall St. price target is $794.02, which means 23.65% upside over the next 12 months. The stock gets a buy rating with 90% confidence, which counts as high conviction.

24/7 Wall St. Price Target Summary Metric Value Current Price $642.14 24/7 Wall St. Price Target $794.02 Upside/Downside 23.65% Recommendation BUY Confidence Level 90% On the July call, CEO Dave Mosley said “data center demand now represents approximately 90% of our exabyte shipments” and that most nearline exabytes are “allocated into calendar 2028.” The selloff prices in a cycle peak that Seagate’s contracts don’t yet show.

Seagate Lost 30% in a Month Despite Record Results Shares fell 7.86% on October 22, 7.05% over the week and 30.13% over the past month. They are still up 133.96% year to date. The stock sits 43.8% below its 52-week high of $1,143.27 and about 197% above its low of $216.39. This week, Morgan Stanley (NYSE:MS) made a bullish case for battered Seagate and Western Digital (NASDAQ:WDC) shares, according to Barron’s.

Fundamentals improved: fiscal Q4 revenue reached $3.63B, up 48.5% and ahead of the $3.49B consensus. Non-GAAP EPS came in at $5.71 against a $5.09 estimate, the fourth straight beat.

Non-GAAP gross margin expanded to 52.7% from 37.9%. For fiscal Q1, management guided to revenue of $4.10B ± $100M and EPS of $7.30 ± $0.20.

Why Bulls See $1,200 Ahead HAMR technology is the growth engine. Exiting fiscal 2026, HAMR products made up about 40% of Seagate’s nearline exabyte run rate. Mozaic 4, which supports up to 44 terabytes per drive, is scaling up with the two largest cloud providers. Mozaic 5 is on track for qualification shipments in late calendar 2027.

Because each disk holds more data, profit grows without adding factory output. Management said incremental gross margin is “well above the 60% figure.” Agentic AI could add more demand as KV cache data spills onto hard drives, and so could physical AI, though Mosley called both “very early days.”

Wall Street mostly agrees: 4 Strong Buys, 18 Buys, 2 Holds and 1 Strong Sell. The bull case hits $1,201.97, an 87.18% gain.

Risks That Could Stall the Storage Upcycle Hard drives have a long history of boom-and-bust cycles, and Seagate depends heavily on a small group of hyperscalers whose capex plans drive the whole order book (we profiled seven of the non-chip suppliers riding that same expansion, from power to cooling to storage, in a free report).

Other risks include dilution from the Exchangeable Senior Notes due 2028, tariffs, exposure to the Middle East conflict and settlement payments to the Commerce Department’s BIS. Still, contracts set product configuration and pricing for all of calendar 2027, and Seagate paid down $1.40B of debt. The bear case sits at $614.24, a decline of just 4.34%.

Seagate Trades Below Western Digital’s Multiple Western Digital is the other half of the HDD duopoly. In fiscal Q1, its revenue grew 55.46% and non-GAAP gross margin hits 58.1%. It trades near 23x forward earnings, compared with our about 18x for Seagate.

Micron Technology (NASDAQ:MU) gives a memory-side contrast. At about 7x forward earnings, it shows how cheaply the market prices AI hardware it views as cyclical.

Company Forward P/E TTM Operating Margin Seagate 18x 43.1% Western Digital 23x 43.6% Micron 7x 80.7% Seagate’s margins are almost the same as Western Digital’s, yet it trades at a lower multiple. That makes the 24/7 Wall St. price target look reasonable, and arguably conservative.

Contracted Demand Supports a BUY The 24/7 Wall St. price target of $794.02 carries a buy rating and 90% confidence. The critical factor is supply that is already allocated into 2028.

The thesis improved if fiscal Q1 results land near guidance and Mozaic 4 hits its milestones. It weakens if hyperscalers start shortening their planning horizons. Those are the signals to watch from here.

Year 24/7 Wall St. Price Target 2026 $794.02 2027 $910.18 2028 $1,050.87 2029 $1,139.69 2030 $1,207.07 The outlook depends on Seagate keeping its HAMR roadmap on track. A sharp cut in hyperscaler capex is the biggest downside risk, while demand from agentic and physical AI is the biggest source of upside.

Contact [email protected] for any questions or corrections.

Apple just logged its ninth straight earnings beat while Siri AI sits at the center of a battle between surging services growth and mounting memory costs that could push the stock in opposite directions.

The 24/7 Wall St. price target for Apple (NASDAQ:AAPL | AAPL Price Prediction) is $398.25 over the next 12 months. That means 15.77% upside from the $343.99 October 21 close. Shares traded at $345.36 late this morning. Our rating is buy, and the model’s confidence is high.

Metric
Value

Current Price
$345.36

Price Target from 24/7 Wall St.
$398.25

Upside/Downside
15.77%

Recommendation
BUY

Confidence Level
90%

Our high confidence comes from how broad Apple’s growth has become. iPhone, Mac and Services all grew by double digits last quarter. The new Siri AI also gives Apple’s installed base of more than 2.5 billion active devices a reason to upgrade their hardware and pay for more services.

Nine Straight Beats Keep Apple Near Its 52-Week High
Apple is up 27.39% year to date and 31.92% over the past year. It has gained 1.88% over the past month. Shares sit about 6% below the 52-week high of $348.15 and well above the low of $242.76.

For fiscal Q3, Apple reported revenue of $109.42 billion (+16.4% YoY). EPS came in at $2.02 against a $1.89 estimate, the company’s 9th straight EPS beat. This week, Bloomberg called Apple investors’ favorite AI hedge because of its cash flow.

CNBC reported that the iPhone Duo is in short supply. The July call was also Tim Cook’s last, and John Ternus was named to lead future calls.

Why Bulls See Siri AI Pushing Apple Past $450
Cook described Siri AI as “a completely reimagined version of Siri that is profoundly capable, deeply personal, and integrated seamlessly across our platforms.” Apple can also make money from it through iCloud+ upgrades, where users “can buy up the stack.”

Services already brought in $30.7 billion (+12%), with more than one and a half billion paid subscriptions. Mac revenue rose 29% as customers use it for on-device AI work. A new $100 billion buyback and a dividend raised to $0.27 also support the stock.

Among analysts, 6 rate it Strong Buy and 19 rate it Buy. The bull case hits $452.19, a 31.46% gain.

Memory Costs and Supply Limits Could Stall the Rally
Cook called memory pricing “a 100-year flood,” and Apple has reluctantly raised prices. Guidance calls for a September-quarter gross margin of 47%-48%, which includes one-time tariff refunds.

Last quarter, those refunds added 2pp to margin and $0.11 to EPS. Siri AI’s launch in the EU and China still needs regulatory work, and 6 analysts rate the stock Sell or Strong Sell.

Operating expenses rose 23% because of R&D spending that funds AI. Cook also said the supply crunch is “a demand forecast issue.” The bear case hits $337.78, a modest 1.8% decline.

Is Apple Pricier Than Microsoft and Alphabet?

Company
P/E
FCF Yield
Net Margin

Apple
45x
1.97%
26.9%

Microsoft
30x
1.69%
40.3%

Alphabet
15x
1.76%
32.8%

The closest megacap AI platform to compare with Apple is Microsoft (NASDAQ:MSFT). Its Azure business grew 43%, but Q4 free cash flow fell 23.19% as capex rose 109.63%.

Direct competition with Apple comes from Alphabet (NASDAQ:GOOGL) through Android and Gemini. Its low P/E is inflated by a $99.03 billion gain on equity securities. Alphabet’s Q2 free cash flow was negative $5.855 billion, and it suspended buybacks.

Apple has the highest multiple of the three. It is also the only one funding AI without giving up shareholder returns. Next to these peers, the 24/7 Wall St. price target looks reasonable.

Bottom Line: Siri AI Tips the Scale Toward Upside
The 24/7 Wall St. price target remains at $398.25, with a buy rating and high confidence. The key driver is earnings growth that is still outpacing Apple’s multiple.

The outlook improves if Siri AI drives more iPhone upgrades and iCloud+ sign-ups. The outlook weakens if memory costs push gross margin below guidance. On balance, our model points to further upside for Apple.

Looking further out, here is where the model projects Apple trading if current growth trends hold.

Year
Price Target from 24/7 Wall St.

2026 (Dec.)
$349.65

2027 (Oct.)
$397.25

2028 (Oct.)
$443.95

2029 (Oct.)
$491.53

2030 (Oct.)
$523.62

The projections rest on Apple continuing to execute on its current strategy. By 2030, a strong Siri AI launch could lift the stock toward $625.31, while persistent margin pressure points closer to $367.52.

Contact [email protected] for any questions or corrections.

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Over 300 independently owned Key Food locations across the Northeast and Florida join the Uber Eats marketplace, bringing fresh groceries and everyday essentials to customers on-demand

SAN FRANCISCO--(BUSINESS WIRE)--Uber Technologies, Inc. (NYSE: UBER) and Key Food Stores Co-Operative, Inc., a prominent chain of family-owned and -operated supermarkets, today announced a partnership that brings grocery delivery from more than 300 Key Food member stores across the Northeast and Florida to Uber Eats, giving customers more ways to shop their local supermarkets. The partnership builds on Uber Eats' continued investment in grocery and retail, as the company grows its footprint with national and regional supermarket brands across the country.

Customers can shop from participating stores in Key Food’s Family of Supermarkets, including Key Food, Food Universe, SuperFresh, The Food Emporium, Food Dynasty, and more, directly through the Uber Eats app. Customers can access a wide selection of fresh produce, meat, seafood, pantry staples, household essentials and more, with on-demand and scheduled delivery options.

“Key Food’s stores understand the neighborhoods they serve, and bringing these retailers to Uber Eats gives customers greater access to the local grocery selection they know and rely on,” said Prashant Garg, Head of North America, Uber Eats. “Whether they’re scheduling a grocery order on the way home from work or need an ingredient they forgot at the store, this gives shoppers more choice in where they shop for groceries, and more flexibility in how they get them.”

Founded in Brooklyn in 1937, Key Food is a Co-Operative of Supermarkets serving communities throughout the Northeast and Florida. Each member independently owns and operates its stores, enabling retailers to tailor their assortments and service to the needs of their local customers.

“Our members are the foundation of the Co-Op, with deep roots in their communities and lasting relationships with the customers they serve,” said Dean Janeway, CEO of Key Food Stores Co-Operative, Inc. “Our partnership with Uber Eats is a strategic step in evolving how we serve our customers, expanding our digital footprint, supporting our members’ growth, and making it more convenient for shoppers to access their neighborhood Key Food stores.”

How it Works

Shopping your local participating store in the Key Food Family of Supermarkets through Uber Eats is simple:

Open the Uber Eats app and tap “Grocery.”Select an available participating store and browse a wide assortment of groceries and household items.Add items to your cart, choose your delivery time and place your order.Track your delivery in real time.The partnership is open to eligible Key Food Co-Op stores interested in joining the Uber Eats marketplace. As the rollout continues, member stores can opt in to bring on-demand delivery to their customers through Uber Eats.

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 79 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

About Key Food Stores Co-Operative, Inc.

Founded in Brooklyn in 1937, Key Food Stores Co-Operative, Inc. includes over 480 family-owned and operated supermarkets with $5.7 billion in annual sales. In addition to Key Food, these stores operate under various other banners including; Food Universe, The Food Emporium, and SuperFresh in all five boroughs of NYC, Long Island New York, upstate New York, New Jersey, Connecticut, Massachusetts, Pennsylvania, Rhode Island, Maryland and Florida. Please visit www.keyfood.com for more information.

More News From Uber Technologies, Inc.

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Amazon's stock has barely budged this year, yet the business underneath it is accelerating in ways that make most rivals look structurally overpriced. One looming risk, though, could unravel the entire thesis if a single market condition shifts.

I added to my Amazon (NASDAQ:AMZN | AMZN Price Prediction) position again. Every earnings report gives me another reason to keep doing it. The stock sits at $249.09, up only 7.92% year to date, while the business behind it speeds up. That gap is why I keep adding.

Three Moats Protecting Amazon’s Margins
My thesis is simple. Amazon controls its own costs in AI. The company designs its own chips, offers every major AI model through one platform, and uses robots to move physical goods at a scale I have not seen any retailer match.

Start with custom silicon. Amazon’s chips business runs at an annual revenue rate of over $25 billion, growing at triple-digit rates. Graviton is used by 98% of Amazon’s top 1,000 EC2 customers, and Anthropic and OpenAI both signed multi-year Trainium commitments measured in gigawatts. Cheaper in-house chips helped AWS post a 39% operating margin on $42.2 billion in revenue, which grew 36.7%. That was its fastest growth in 18 quarters.

Second, Bedrock works with any model. It added 10+ foundation models, including OpenAI GPT and Anthropic Claude, and customers spent more on it in Q2 than in all prior quarters combined. CEO Andy Jassy put it simply: “There is not going to be one model to rule the world.” Amazon gets paid whichever model customers pick. An AWS backlog of $496 billion tells me enterprises agree.

Third, automated logistics. Amazon delivered over 40% more items same day or overnight in the first half of the year, plans to more than double its robotic-arm fleet in 2026 and launched a next-generation Proteus robot. Operating income rose 43.24% to $27.46 billion while revenue grew 19.62%. Profits growing faster than sales is exactly what I want to own.

Why My Money Skips Walmart and Microsoft
Walmart (NASDAQ:WMT) trades at a P/E of 44, compared with Amazon’s 35. Walmart’s operating margin is 4.18% and Amazon’s is 11.16%, and Walmart’s revenue grew 5.94% last quarter. I see no reason to pay more for slower growth and lower margins with no cloud business attached.

The stronger rival is Microsoft (NASDAQ:MSFT), with Azure growing 43%. Still, Microsoft trades at 8.94 times book value, while Amazon trades at 6.54. Its More Personal Computing segment also contracted 4%. Every Amazon business line grew, from advertising at 26% to physical stores at 4%.

Free Cash Flow Is the Risk I Watch Most
Amazon now expects about $220 billion in 2026 capital spending, up from about $200 billion, because memory costs rose. Free cash flow for the past 12 months turned negative, at -$7.6 billion. Q2 GAAP EPS of $5.75 also included a $53.4 billion one-time gain on Amazon’s Anthropic stake, recorded before taxes. If AI demand cools, that spending leaves Amazon with idle capacity.

I still hold my thesis because Amazon builds against demand customers have already signed for. Jassy said most capacity coming online in 2027 is already reserved, most AI capacity sits under contracts of at least five years, and servers pay for themselves in a little under three years. All that spending has to be powered, cooled and connected by somebody, and we rounded up seven suppliers riding the same expansion in a free AI infrastructure report. Debt-to-equity of 0.37 leaves room to fund the expansion.

What Keeps My Buy Button Active
Q3 guidance calls for operating income of $22.5 billion to $26.5 billion, up from $17.4 billion a year earlier. Jassy now believes AWS could become “a trillion-dollar annual revenue business for us in time.” Amazon builds the chips, hosts the models and delivers the boxes, and I plan to keep buying more of all three.

Contact [email protected] for any questions or corrections.

How much lower can Tilray Brands (TLRY -3.20%) stock go? In the past five years, it has lost a whopping 97% of its value, and since the start of 2026, it's already down around 70%. Although the business has grown and diversified its operations, investors haven't seen a payoff from its efforts, as Tilray continues to struggle with overall profitability.

Has its decline been so significant that now can be a good time to buy the stock, despite its risks? Here's what investors need to know.

Image source: Getty Images.

Tilray's been growing via acquisitions, but its fundamentals remain underwhelmingAt its core, Tilray is a Canadian-based cannabis company. Like many of its peers, it's been eagerly waiting for and hoping for the day the U.S. market opens up, so that it can enter it and generate much more revenue from that area of its operations.

Legalization, however, isn't on the horizon. In the meantime, competition is fierce, and growth opportunities are limited in Canada. Some cannabis producers have gotten leaner to trim costs, but Tilray has gone the route of expansion via acquisitions, loading up on beverage and alcohol brands. By doing so, its business has become larger, and it's expanded its presence in the U.S., potentially putting itself in a stronger position if and when marijuana legalization takes place.

But the businesses and brands it has been acquiring aren't exactly all that strong. And over the trailing 12 months, Tilray has generated more than $963 million in revenue but has still incurred an operating loss of $60.5 million.

There hasn't been much consistent growth; organically, the business is struggling, and instead, acquisitions and entering new markets have been the main drivers. It's also difficult to see a path to profitability, particularly given that acquisitions remain a key part of Tilray's growth strategy.

TLRY Tilray Brands$2.72-$0.09 (-3.20%)

NASDAQ · As of 4:00 PM ET 10/26/26

Investors shouldn't assume Tilray's stock can't go lowerTilray's stock may look cheap, with a valuation of around $400 million and annual sales approaching $1 billion, but that doesn't mean it's a good buy or that it's overdue for a rally. It's still unprofitable, its growth prospects aren't all that great, and it's still burning through cash from its day-to-day operations.

I would prefer to see the business get leaner, rather than more bloated with acquisitions. I understand the strategy -- to simply have more growth opportunities, but that doesn't make Tilray a better overall investment. With continual losses and cash burn, there just isn't a compelling reason to take a chance on the stock, as it can still go lower.

Hourglass Capital LLC grew its stake in shares of AT&T Inc. (NYSE:T – Free Report) by 20.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 258,490 shares of the technology company’s stock after acquiring an additional 43,750 shares during the quarter. Hourglass Capital LLC’s holdings in AT&T were worth $6,307,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Orion Capital Management LLC bought a new position in AT&T in the second quarter valued at about $26,000. Addison Advisors LLC bought a new position in shares of AT&T in the second quarter worth approximately $27,000. Fairway Wealth LLC purchased a new stake in shares of AT&T in the first quarter worth $29,000. Robinswood Financial LLC purchased a new stake in shares of AT&T in the first quarter worth $29,000. Finally, Matrix Trust Co raised its position in shares of AT&T by 331.8% during the 2nd quarter. Matrix Trust Co now owns 1,494 shares of the technology company’s stock valued at $31,000 after purchasing an additional 1,148 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In A number of equities research analysts have commented on T shares. TD Cowen reissued a “hold” rating and set a $33.00 price target on shares of AT&T in a report on Thursday, October 22nd. Weiss Ratings raised AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Royal Bank Of Canada cut their target price on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Barclays cut their target price on AT&T from $24.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Sanford C. Bernstein downgraded AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 target price on the stock. in a research note on Tuesday, October 13th. Twelve analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.55.

View Our Latest Stock Report on T AT&T Price Performance AT&T stock opened at $20.83 on Tuesday. The firm has a 50-day moving average price of $24.76 and a 200-day moving average price of $25.04. The firm has a market capitalization of $140.30 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.04 and a beta of 0.25. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 1.22. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.43.

AT&T (NYSE:T – Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.60 by $0.05. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The company had revenue of $32.32 billion for the quarter, compared to the consensus estimate of $31.69 billion. During the same period in the prior year, the firm posted $0.54 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts forecast that AT&T Inc. will post 2.39 EPS for the current year.

AT&T Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Friday, October 9th. AT&T’s dividend payout ratio is presently 60.00%.

AT&T Profile (Free Report)

AT&T Inc (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.

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Hilton Worldwide Holdings Inc. (HLT - Free Report) came out with quarterly earnings of $2.45 per share, beating the Zacks Consensus Estimate of $2.36 per share. This compares to earnings of $2.11 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +3.81%. A quarter ago, it was expected that this company would post earnings of $2.29 per share when it actually produced earnings of $2.29, delivering no surprise.

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

Hilton Worldwide, which belongs to the Zacks Hotels and Motels industry, posted revenues of $3.33 billion for the quarter ended September 2026, missing the Zacks Consensus Estimate by 1.93%. This compares to year-ago revenues of $3.12 billion. The company has topped consensus revenue estimates just once over the last four quarters.

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

Hilton Worldwide shares have added about 22.5% since the beginning of the year versus the S&P 500's gain of 12.1%.

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

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

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

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

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.45 on $3.38 billion in revenues for the coming quarter and $9.09 on $13.03 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Hotels and Motels is currently in the bottom 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Hilton Grand Vacations (HGV - Free Report) , is yet to report results for the quarter ended September 2026. The results are expected to be released on October 29.

This company is expected to post quarterly earnings of $1.01 per share in its upcoming report, which represents a year-over-year change of +68.3%. The consensus EPS estimate for the quarter has been revised 3% higher over the last 30 days to the current level.

Hilton Grand Vacations' revenues are expected to be $1.41 billion, up 8.7% from the year-ago quarter.

Anduril founder Palmer Luckey is vowing to bring computer manufacturing back to the U.S. And by that, he doesn’t just mean assembly, but the production of every individual component, some of which are exclusively made in China today.

Anduril is partnering with Qualcomm to achieve that mission with a new computer called BlueChip, the companies announced Tuesday. BlueChip will be available for preorder in 2027.

While technical details are scant — Anduril hasn’t even finished contracting with all its component suppliers yet, according to Luckey — this first product will be a hardened laptop. It will be designed to withstand the most grueling physical environments and meet the security-conscious needs of the military, government, first responders and law enforcement.

For the first generation, about 90% of its components will be made in the U.S. or in allied countries, Anduril says, most notably its CPU. BlueChip will run on a Snapdragon X Series built at TSCM’s massive new facility in Arizona. The CPU uses the same architecture that powers other laptops, including the Microsoft Surface, Qualcomm CEO Cristiano Amon said during the press conference.

“As of right now, the laptop’s bill of materials is about 90% U.S. and allied [ally countries], and we have a technical roadmap to get to 100% domestic over time,” Luckey said. “The intent in the long run is to have an option that is made entirely in the United States, 100% domestic. And I mean everything. I mean the displays. I mean the metallics. I mean the the magnetics. All of it.”

Right now, for instance, Luckey says he’s found an American supplier for the glass that covers the display, but the display itself is one of several components he says are only manufactured in China.

Anduril’s BlueChip computerImage Credits:Anduril While Luckey says consumers are welcome to order a BlueChip — the company may even create a waiting list for interested consumers — this first PC won’t be designed for them. For one thing, as a hardened computer, it will be heavy and have battery-life constraints because of the engineering required to withstand rain, dust, and other rugged conditions.

The bigger point is to offer U.S. government agencies a product that complies with regulations requiring them to buy U.S.-made computers. In this case, the selling point is a transparent supply chain that customers can track and audit.

“These computers are the anti-surveillance computer. You fully control it,” Luckey described in a recent interview. “You know everything that is in it, every single component, and you know every software component that is running on it.”

Anduril is also working to ensure that the Arm-based machine works well with Windows apps, apps built for certain Linux distributions used by the government, and even archaic software that various agencies still run.

While Anduril hasn’t yet announced pricing, Luckey estimates it will cost about 20% more than typical high-end PCs.

“As much as I love BlueChip, if I was just a normal consumer making a rational decision without a kind of patriotic basis, I’d be better off buying a Dell laptop than an Anduril laptop because it’s going to be cheaper. I’m just talking about your average person consumer, right, who doesn’t have any real need for this,” Luckey said.

But Luckey clearly hopes Anduril will eventually make U.S.-made laptops more in line with consumer desires. He said the product is the first in what he envisions as a full line of BlueChip computers, noting that he began his career making devices virtual reality headsets for consumers.

“I’m buying American cars, and then I buy a computer that’s made on the other side of the world, not just China, but you know, Japan, Korea,” he said. “It’s kind of humiliating that as an American and my birthright is computers, in my opinion, because America invented them, that I’m not able to buy an American computer.”

As for the potentially expensive folly of trying to take on China’s electronics components manufacturing industry single-handedly, Luckey joked about his internal reputation for “being a nut” with such big ideas. (He admits that he pushed his board to spend $900 million to build a factory for a jet before the company had even won a contract.)

“This is not one of those things. My investors do not think I’m a crazy person in this particular area,” he said. In fact, rugged computers are already about a $5 billion market.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

BXCL501, a dexmedetomidine sublingual film, is under FDA review for first-ever at-home use for the acute treatment of agitation associated with schizophrenia or bipolar I or II disorder in adultsAcquisition adds differentiated late-stage investigational asset with potential to address a significant unmet need for patientsTransaction supports Teva’s Pivot to Growth strategy and the company’s disciplined approach to business development TEL AVIV, Israel, Oct. 27, 2026 (GLOBE NEWSWIRE) -- Teva Pharmaceuticals International GmbH, a subsidiary of Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA), today announced that it has completed the acquisition of assets from BioXcel Therapeutics, Inc., including worldwide rights to BXCL501. BXCL501 is an investigational dexmedetomidine sublingual film under FDA review for at-home use in the acute treatment of agitation associated with schizophrenia or bipolar I or II disorder in adults. If approved, BXCL501 would be the first FDA-approved treatment patients could use at home for this condition. The acquisition expands Teva’s innovative neuroscience pipeline with a late-stage asset with the potential to address a significant unmet patient need.

“Business development plays an important role in accelerating our Pivot to Growth strategy by bringing targeted external innovation into Teva,” said Evan Lippman, Executive Vice President, Business Development at Teva. “BXCL501 is a strong strategic fit with our neuroscience portfolio and reflects our disciplined focus on differentiated, late-stage opportunities that address unmet patient needs and create long-term value for Teva’s shareholders.”

Acute agitation associated with schizophrenia or bipolar I or II disorder affects between 25% and 40%1 of patients across these conditions. Acute agitation can escalate quickly, creating significant challenges for patients, families and caregivers and, in some cases, resulting in an emergency department visit or hospitalization. Acute treatment options remain limited, particularly outside healthcare settings.

“Agitation can escalate quickly, which is why the ability to intervene early matters,” said Eric Hughes, M.D., Ph.D., Executive Vice President, Global R&D and Chief Medical Officer at Teva. “If approved, BXCL501 could give adults living with schizophrenia or bipolar I or II disorder the ability to treat agitation at home, closer to the moment symptoms emerge and before they could become more difficult to manage.”

About the Transaction
Teva acquired the neuroscience assets of BioXcel Therapeutics, Inc. and its affiliates through a court-supervised sale process under Section 363 of the U.S. Bankruptcy Code. The assets include worldwide rights to BXCL501 and IGALMI® (dexmedetomidine), an FDA-approved dexmedetomidine sublingual film for the treatment of agitation associated with schizophrenia or bipolar I or II disorder in a hospital setting. The application for the approval of BXCL501 has been submitted as a supplemental New Drug Application (NDA) to the IGALMI® NDA. The transaction does not involve the acquisition of BioXcel Therapeutics.

The transaction closed following Teva’s selection as the successful bidder, approval by the U.S. Bankruptcy Court and satisfaction of other closing conditions.

Teva acquired the assets for $57.5 million upfront and up to $67.5 million in contingent payments. These include a range of time-based payments linked to regulatory approval, including potential delays in approval, as well as payments tied to the achievement of specified sales milestones.

About dexmedetomidine sublingual film (BXCL501)
Dexmedetomidine is a selective alpha-2 adrenergic receptor agonist. BXCL501 is a proprietary, investigational, orally dissolving film formulation currently under FDA review for potential at-home use in the acute treatment of agitation associated with schizophrenia or bipolar I or II disorder in adults.

About Teva
Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) is transforming into a leading innovative biopharmaceutical company, enabled by a world-class generics business. For over 120 years, Teva’s commitment to bettering health has never wavered. From innovating in the fields of neuroscience and immunology to providing complex generic medicines, biosimilars, and pharmacy brands worldwide, Teva is dedicated to addressing patients’ needs, now and in the future. At Teva, We Are All In For Better Health. To learn more about how, visit www.tevapharm.com.

Teva Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are based on management’s current beliefs and expectations and are subject to substantial risks and uncertainties, both known and unknown, that could cause Teva’s future results, performance or achievements to differ significantly from that expressed or implied by such forward-looking statements. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, you can identify these forward-looking statements by the use of words such as “should,” “expect,” “anticipate,” “developing,” “target,” “may,” “expand,” “intend,” “plan,” “believe” and other words and terms of similar meaning and expression in connection with any discussion of future performance. Important factors that could cause or contribute to such differences include risks and uncertainties relating to: our ability to successfully integrate and realize the anticipated benefits of the acquired assets from BioXcel Therapeutics, Inc.; resolution of any applicable appeals to the bankruptcy sale order approving the transaction; ability to obtainability to obtain regulatory approval for and successfully commercialize the novel dexmedetomidine sublingual film; our ability to obtain regulatory approval for and successfully commercialize the novel dexmedetomidine sublingual film; our ability to successfully compete in the marketplace including our ability to develop and commercialize ecopipam and additional pharmaceutical products; our ability to successfully execute our Pivot to Growth strategy, including to expand our innovative and biosimilar medicines pipeline and profitably commercialize the innovative medicines and biosimilar portfolio, whether organically or through business development, and to execute on our organizational transformation and to achieve expected cost savings; our significant indebtedness, which may limit our ability to incur additional indebtedness, engage in additional transactions or make new investments; and other factors discussed in this press release and in our Quarterly Report on Form 10-Q for the second quarter of 2026 and in our Annual Report on Form 10-K for the year ended December 31, 2025, including in the section captioned “Risk Factors” and “Cautionary Note Regarding Forward Looking Statements.”

Forward-looking statements speak only as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statements or other information contained herein, whether as a result of new information, future events or otherwise. You are cautioned not to put undue reliance on these forward-looking statements.

Teva Media Inquiries: [email protected]
Teva Investor Relations Inquiries: [email protected]

1 Teva Market Research via Trinity Partners, March 2026.

American Tower (AMT - Free Report) came out with quarterly funds from operations (FFO) of $2.87 per share, beating the Zacks Consensus Estimate of $2.84 per share. This compares to FFO of $2.78 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an FFO surprise of +1.06%. A quarter ago, it was expected that this wireless communications infrastructure company would post FFO of $2.71 per share when it actually produced FFO of $2.71, delivering no surprise.

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

American Tower, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $2.79 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 0.44%. This compares to year-ago revenues of $2.72 billion. The company has topped consensus revenue estimates four times over the last four quarters.

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

American Tower shares have added about 7.2% since the beginning of the year versus the S&P 500's gain of 12.1%.

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

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

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

Ahead of this earnings release, the estimate revisions trend for American Tower was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $2.78 on $2.79 billion in revenues for the coming quarter and $11.11 on $11.04 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Cousins Properties (CUZ - Free Report) , has yet to report results for the quarter ended September 2026. The results are expected to be released on October 29.

This real estate company is expected to post quarterly earnings of $0.73 per share in its upcoming report, which represents a year-over-year change of +5.8%. The consensus EPS estimate for the quarter has been revised 0.7% higher over the last 30 days to the current level.

Cousins Properties' revenues are expected to be $258.7 million, up 5% from the year-ago quarter.

Costco just posted its fifth straight earnings beat and rewarded shareholders with a strong monthly gain, yet its valuation leaves almost no room for anything less than flawless execution. Before adding shares near four figures, here is what the numbers…

Costco (NASDAQ:COST | COST Price Prediction) is a Hold at $1,005.16. The stock has gained 8.93% over the past month after a fifth consecutive quarterly beat, and that rally puts its premium valuation back under the microscope.

Costco runs 939 warehouses across 14 countries and territories, serves 150.4 million cardholders, and sells the Kirkland Signature private label. Fiscal 2026 revenue reached $303.15 billion, up 10.14%, with EPS of $20.76. Shares still trade below the $1,094.76 52-week high.

Sticky Memberships and Rising Estimates Power the Bull Case
Renewal rates reached 92.3% in the U.S. and Canada and 89.8% worldwide, while paid executive members grew 9.4% to 42.3 million. Digitally enabled comparable sales rose 19.5%, and free cash flow climbed 19.82% to $9.39 billion.

Analysts keep raising numbers. Fiscal 2027 EPS estimates drew 18 upward revisions versus 4 downward over 30 days, with consensus at $22.8083, roughly 9.9% growth. Costco plans 33 openings in fiscal 2027 and sees a path to roughly 30 new warehouses a year for the next five to ten years. The CFO added there is nothing that “prevents continued leverage if comps remain in the mid-single digits.”

A 48x Multiple Leaves Little Margin for Error
Costco trades at a trailing P/E of 48, a forward P/E of 40, and a PEG ratio of 4.381. That pricing assumes perfect execution. Fourth-quarter EPS included a $0.15 per share nonrecurring tariff refund benefit, and management plans to reinvest most future refunds in prices, which complicates fiscal 2027 comparisons.

Costs are rising too. Capex is expected to reach $7.5 billion in fiscal 2027, the quarterly LIFO charge jumped to $152 million from $43 million, and total paid members grew just 3.8%, a pace management called “probably typical.”

Elite Execution Meets a Full Price Tag
Traffic up 3.3% and record executive penetration rule out a Sell. The valuation and moderating membership growth rule out a Buy. Upside conviction would require faster membership growth from Asia openings or a decline toward the $840.35 52-week low. Comparable sales falling below the mid-single digits ex-gas would shift the call toward Sell. The fiscal first-quarter EPS consensus is $4.9097.

Shares Outpace the S&P 500 as Target Upside Narrows
Shares are currently priced at $1,005.16, against an average analyst target of $1,067.59, meaning 6.2% upside. Targets are only a rough guide and carry no guarantee. Among 39 analysts, ratings break down as:

Strong Buy: 4
Buy: 20
Hold: 13
Sell: 1
Strong Sell: 1

Costco rose 8.93% over the past month while the S&P 500 slipped 0.78%. Year to date, Costco is up 17.08% versus 12.23% for the index. Over one year, the stock gained 8.46%, trailing the S&P 500’s 13%. Beta is 0.87.

Costco Earns a Hold Until Price or Growth Catches Up
At $1,005.16, Costco is a Hold.

The business keeps growing, yet the stock already prices in steady execution. With only 6.2% implied upside to consensus targets, the upside looks thin relative to multiple compression risk.

Over the next two to three quarters, the key signals are core comparable sales ex-gas, membership growth, and gross margin once tariff refunds roll off. A decline toward the 200-day moving average of $969.35 combined with steady comps would improve the valuation picture. The stock is supported by a forward dividend of $5.88 and Costco’s defensive profile.

Costco remains a top-tier retailer whose share price already reflects that quality, so further upside depends on a lower price or faster growth.

Contact [email protected] for any questions or corrections.

Idaho Renters Can Now Get Fast, Affordable Coverage Starting at $5 Per Month

, /PRNewswire/ -- Lemonade (NYSE: LMND), the tech-first insurance company, today announced the availability of its renters insurance in Idaho. The expansion gives renters across the state a simple, fast way to get coverage that fits their lifestyles.

Lemonade Renters Insurance provides flexible coverage options via an app where Idaho residents can get quotes, purchase policies, update existing policies, and file claims, all in one place. More than 50% of claims are handled instantly, helping renters receive assistance more quickly after a covered loss. "We built Lemonade to cut through the complexity that makes traditional insurance painful. We offer simple quotes, instant claims, and rates that don't break the bank. Now we can deliver that to Idaho renters, too," said Dan Timsit, Head of Renters Insurance at Lemonade.

Coverage starts at just $5 per month, making it one of the more affordable renters insurance options available. Based on company and industry data, Lemonade's renters insurance rates are approximately 30% lower than the national average.

Customers may also be eligible for additional savings through policy bundling, having qualifying home safety devices, or choosing annual billing.

Lemonade currently serves more than 3 million active customers and has earned recognition from organizations and publications including Forbes, CNBC, and U.S. News & World Report for its insurance products and customer experience.

For a full list of Renters state availability, visit Lemonade.com.

About Lemonade

Lemonade's mission is to become the most loved insurance company in the world. As a customer-centric tech company, we created an insurance experience across Renters, Home, Pet, Car, and Life that is smart, instant, and delightful. Our team of 1,200+ Lemonade Makers make it possible for over 3M customers throughout the US, UK and Europe to get coverage instantly, with nearly half of claims paid in a matter of seconds. Powered by AI and social impact, Lemonade is a purpose-built, technology-first insurance carrier. A Certified B-Corp, our commitment to social impact is embedded in every aspect of the company, and our Giveback program, which donates a percentage of leftover premiums to nonprofits selected by our community, has donated over $10M to organizations in need.

SOURCE Lemonade, Inc.

SummaryLyft, Inc. remains fundamentally attractive, with a compelling valuation despite competitive and long-term autonomous vehicle threats.I maintain a Hold rating ahead of earnings, expecting profitability pressures from promotions and macro headwinds, but would consider buying on a post-earnings selloff.Expensive cars and a challenging job market may provide near-term tailwinds for LYFT’s rider and driver growth, though execution is crucial.LYFT trades at a non-GAAP TTM P/E of 13.78 and Price/Sales of ~1, offering a discount versus Uber, with active rider growth and profitability key to monitoring. Getty Images

In my opinion, Lyft, Inc. (LYFT) remains one of the more fundamentally attractive tech stocks. Yes, the company faces distinct long-term threats, including the rollout of robotaxis. Yet that threat, for now, lies beyond the horizon. Uber (

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

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Intuitive Surgical, Inc. (NASDAQ:ISRG – Get Free Report) Director Craig Barratt sold 1,150 shares of the company’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $443.80, for a total value of $510,370.00. Following the completion of the transaction, the director directly owned 1,150 shares of the company’s stock, valued at approximately $510,370. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intuitive Surgical Trading Down 0.1% NASDAQ:ISRG opened at $451.63 on Tuesday. The stock has a 50-day moving average price of $396.06 and a 200 day moving average price of $437.59. The stock has a market capitalization of $156.55 billion, a P/E ratio of 54.61, a P/E/G ratio of 3.12 and a beta of 1.46. Intuitive Surgical, Inc. has a 12-month low of $328.57 and a 12-month high of $603.88.

Intuitive Surgical (NASDAQ:ISRG – Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The medical equipment provider reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.35. Intuitive Surgical had a return on equity of 18.17% and a net margin of 25.54%. The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same period in the previous year, the firm earned $2.40 EPS. The firm’s revenue was up 21.7% compared to the same quarter last year. On average, research analysts predict that Intuitive Surgical, Inc. will post 9.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets A number of brokerages have issued reports on ISRG. JPMorgan Chase & Co. lifted their price target on shares of Intuitive Surgical from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Barclays reiterated an “overweight” rating and issued a $500.00 price target (up from $485.00) on shares of Intuitive Surgical in a research note on Wednesday, October 21st. Raymond James Financial restated an “outperform” rating and set a $480.00 price objective on shares of Intuitive Surgical in a research report on Wednesday, October 21st. Stifel Nicolaus cut their price objective on Intuitive Surgical from $670.00 to $550.00 and set a “buy” rating for the company in a research report on Friday, July 17th. Finally, Mizuho reduced their target price on Intuitive Surgical from $415.00 to $400.00 and set a “neutral” rating on the stock in a report on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $493.54. Get Our Latest Stock Report on ISRG

Key Intuitive Surgical News Here are the key news stories impacting Intuitive Surgical this week:

Positive Sentiment: Analysts’ earnings estimates for ISRG are moving higher, suggesting improving expectations for the company’s near-term results and potentially supporting further gains. Earnings Estimates Moving Higher for Intuitive Surgical Positive Sentiment: Recent research continues to highlight Intuitive Surgical’s growth characteristics, including the potential for its robotic-surgery franchise to outperform the broader market over time. Intuitive Surgical Is an Incredible Growth Stock Neutral Sentiment: Intuitive Surgical remains a heavily watched stock, which may increase trading interest but does not by itself indicate a change in the company’s fundamentals. Intuitive Surgical Is a Trending Stock Neutral Sentiment: Reported short interest of zero shares and a zero-day days-to-cover ratio appears inconsistent with the description of a “significant increase,” making the data of limited value for gauging investor positioning. Negative Sentiment: Multiple insiders sold shares under pre-arranged Rule 10b5-1 plans. Director Gary Guthart sold about $9.1 million of stock, while other executives and a director sold additional shares. The transactions were planned and Guthart retained more than 1.2 million shares, but the sales may still create modest sentiment pressure. Negative Sentiment: Investors remain sensitive to valuation risk: with a high earnings multiple, ISRG may need continued strong growth and upward estimate revisions to justify its price. Institutional Inflows and Outflows Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in Intuitive Surgical by 3.3% during the first quarter. Bank of America Corp DE now owns 3,616,973 shares of the medical equipment provider’s stock worth $1,667,388,000 after acquiring an additional 116,292 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Intuitive Surgical during the second quarter valued at approximately $1,335,753,000. Amundi lifted its stake in shares of Intuitive Surgical by 8.6% in the 1st quarter. Amundi now owns 2,428,356 shares of the medical equipment provider’s stock valued at $1,119,448,000 after purchasing an additional 193,096 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Intuitive Surgical by 95.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,105,544 shares of the medical equipment provider’s stock valued at $970,635,000 after purchasing an additional 1,027,475 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Intuitive Surgical by 3.7% in the 1st quarter. Janus Henderson Group PLC now owns 1,643,060 shares of the medical equipment provider’s stock valued at $757,489,000 after purchasing an additional 58,587 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

(Get Free Report)

Intuitive Surgical, Inc develops and manufactures robotic-assisted systems and related technologies for minimally invasive surgery. Its products are designed to help surgeons perform procedures through small incisions while providing enhanced visualization, precision and control. The company’s primary platform is the da Vinci Surgical System, which is used across a range of specialties, including urology, gynecology, general surgery, cardiothoracic surgery and other procedures.

The company also offers the Ion endoluminal system, which is designed to support minimally invasive lung biopsy procedures.

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Medtronic just extended a nearly half-century dividend streak, but its raise barely outpaces inflation while rivals like Abbott and J&J grow payouts far faster. Whether explosive growth in cardiac ablation can close that gap is the real question for income…

Medtronic (NYSE:MDT | MDT Price Prediction) raised its quarterly dividend to $0.72 per share from $0.71, extending its run to 49 consecutive years of increases. The raise works out to about 1.4%. It lands as the company posts its strongest growth in years and finishes splitting off its diabetes unit. For retirees, the question is whether a 2.95% yield earns a spot in an income portfolio.

A Small Raise on a Long Streak Medtronic declared the higher payout on June 3, 2026, and kept it at $0.72 for the October 16, 2026 payment. That sets the forward annual dividend at $2.88. The pattern is steady but slow: $0.68 in 2022, $0.69 in 2023, $0.70 in 2024.

Peers raise faster. Abbott Laboratories (NYSE:ABT) raised its quarterly payout to $0.63 from $0.59, roughly 6.8%, and has increased it for 54 consecutive years. Johnson & Johnson (NYSE:JNJ) lifted its dividend 3.1% to $1.34 and has a 64-year run. Medtronic is nearing the 50-year Dividend King threshold.

Cash Flow Covers the Check With Room to Spare The payout ratio is the share of profit a company hands to shareholders. Medtronic raised its fiscal 2027 adjusted EPS guidance to $5.94-$6.00, so the $2.88 dividend takes about 48% of expected earnings. In the first quarter, free cash flow (cash left after capital spending) reached $1.29 billion, up 120.89%, against $921 million in dividends paid. Management pointed to a strong balance sheet and a 70% cash-conversion rate, with a path to 80%.

Cardiac Ablation Is Powering the Growth Story First-quarter revenue rose 13.7% to $9.76 billion, and adjusted EPS of $1.45 exceeded the $1.3874 consensus. An extra fiscal week added about $570 million. Cardiac Ablation Solutions grew 88% on the Affera system and Sphere-9 catheter. CEO Geoff Martha said:

“We’re only at the beginning for CAS. With a differentiated platform, a growing installed base, expanding indications and a strong innovation pipeline, we are well positioned to treat more patients.”

J&J’s electrophysiology sales grew just 4.4% in its latest quarter. Martha framed the momentum as broad:

“What gives us confidence is not simply the strength of the quarter, but importantly, the breadth of performance across our businesses.”

MiniMed Split and Margin Pressure Bring Risks Medtronic completed the separation of MiniMed Group (NASDAQ:MMED) on October 15, 2026. Management expected the exit to lift operating margin about 100 basis points while cutting revenue growth about 20 basis points. Current guidance assumed Diabetes stayed in through fiscal year-end, so expect revisions at the December 10 and 11th investor day. Tariffs cost roughly $185 million in fiscal 2026, and shares remain down 10.09% over five years.

Verdict: A Secure Dividend That Grows Slowly At $94.33, Medtronic trades at 14x forward earnings, with a beta of 0.567 indicating below-market volatility. Analysts’ average target is $104.62. The dividend looks well covered and durable, which suits retirees seeking stability. It trails Abbott and J&J, so the stronger case rests on ablation-driven earnings growth that could support bigger increases ahead.

Contact [email protected] for any questions or corrections.

Anthropic’s newly public IPO filing has made Broadcom (NASDAQ:AVGO | AVGO Price Prediction) the chip name most tightly bound to the AI lab’s compute expansion, and a fresh analyst upgrade now puts a higher price target on that link. Broadcom…

Anthropic’s newly public IPO filing has made Broadcom (NASDAQ:AVGO | AVGO Price Prediction) the chip name most tightly bound to the AI lab’s compute expansion, and a fresh analyst upgrade now puts a higher price target on that link. Broadcom stock is at $339.90, up 3% in early trade, a move that adds new weight to its custom chip business. The upgrade and a stronger semiconductor group are both feeding the gain.

Meanwhile, NVIDIA (NASDAQ:NVDA) shares are at $218.41, up 1%, a smaller advance that leaves Broadcom stock out in front. Chip stocks are broadly stronger, with the iShares Semiconductor ETF (NASDAQ:SOXX) up 2%. Large-cap tech is trailing that pace, as the Invesco QQQ Trust (NASDAQ:QQQ) is up 0.6%.

DA Davidson Upgrade Puts a Price on Anthropic Ties
DA Davidson upgraded Broadcom stock to Buy from Neutral and raised its price target to $400, arguing that Anthropic’s IPO filing signals the AI spending cycle still has room to run. Under that thesis, Anthropic raises capital first and OpenAI follows, giving Broadcom the funding pipeline it needs to meet its growth expectations. Anthropic’s IPO registration, made public a day before the upgrade, describes Broadcom as both a supplier and a lessor of its AI computing equipment under a non-cancelable lease.

Those leases run five years and give Anthropic access to compute capacity built on tensor processing units (TPUs), with a portion online in 2026 and more slated to start in 2027. In April, Anthropic also deposited cash into a restricted account for Broadcom’s benefit to secure compute capacity. Such terms ground the upgrade in signed, collateralized commitments that run well beyond a single quarter.

Broadcom’s Concentrated Model Sets It Apart From NVIDIA and AMD
Broadcom designs custom AI accelerators for a small number of large customers alongside its networking chips, so its growth turns on a few buyers’ spending plans. NVIDIA sells general-purpose AI processors and systems to a broad customer base, and Advanced Micro Devices (NASDAQ:AMD) offers chips and AI accelerators across data center and PC markets. Spreading revenue across many buyers gives NVIDIA and AMD a buffer when any single customer slows its spending. AMD shares are up 2% to $544.

Broadcom’s recent results show how far that concentration has already carried the company. In Q3 FY2026, Broadcom’s AI semiconductor revenue reached $16.7 billion, up 221% year over year, and its Q4 FY2026 outlook calls for $21.7 billion. On the September earnings call, the company put Anthropic on track to become its largest custom accelerator customer in 2027.

However, so much of Broadcom’s growth rides on customers whose funding isn’t yet secured, as Anthropic’s lease obligations can accelerate on certain unresolved payment or performance defaults, which ties the arrangement to the lab’s ability to stay current. For NVIDIA, a broad customer base limits its dependence on any single lab’s capital raise, though that same breadth leaves it with less direct leverage to Anthropic’s listing.

Broadcom’s Upside Hinges on Anthropic’s Listing
Broadcom now faces the question of whether Anthropic completes its IPO and converts the filing into fresh capital. OpenAI’s fundraising stands behind that step, since the upgrade’s thesis counts on both companies raising money.

Anyone sizing up their exposure should adjust their holdings carefully given how much of Broadcom’s growth rides on a few customers whose funding is still being raised. Measuring a position with that concentration in mind, rather than on the upgrade alone, can mitigate the risk of slower-than-anticipated AI spending.

Contact [email protected] for any questions or corrections.

BELVIDERE, NJ, Oct. 27, 2026 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), organic and sustainable produce, and developer of the Zero-Waste Inspired® mission and Farm-to-Formula® platform, today announced that it has secured a holiday fresh herb program with Kroger, one of the nation's largest grocery retailers, for the upcoming Thanksgiving through New Year holiday season. The program represents another step in Edible Garden's continued expansion with major national retailers, further strengthening its retail presence and supporting its strategy of capturing a greater share of the fresh herb market.

The Thanksgiving through New Year period is one of the most important selling seasons for fresh herbs, as holiday cooking drives increased demand for popular culinary ingredients such as rosemary, sage, thyme, parsley, and poultry-blend herbs. The Kroger program, together with previously announced holiday initiatives with Walmart and Target, positions Edible Garden to capitalize on increased seasonal demand, drive additional sales, and further expand its presence among the nation's leading retailers.

“This holiday program with Kroger represents another significant commercial win for Edible Garden and an important milestone for our Edible Garden Heartland operation in Grand Rapids, Michigan,” said Jim Kras, Chief Executive Officer of Edible Garden. “Our Heartland facility was strategically established to serve leading retailers throughout the Midwest, and this program demonstrates how our investment in regional production and distribution capabilities is translating into meaningful commercial opportunities. Kroger's decision to include Edible Garden in its holiday program reinforces the confidence major retailers are placing in our ability to deliver fresh, high-quality herbs reliably and at scale during periods of peak demand. Beyond the immediate revenue opportunity, we believe this program will increase utilization of our Heartland facility, strengthen our presence in the Midwest, and advance our Zero-Waste Inspired® mission by bringing locally grown products closer to consumers, while providing a foundation for continued growth.”

Edible Garden plans to support the Kroger holiday program through its established growing and distribution network, utilizing its proprietary GreenThumb 2.0 technology to align production with seasonal demand. By leveraging its existing infrastructure, the Company aims to efficiently manage increased order volumes, capitalize on new sales opportunities, and strengthen its position in the fresh produce market.

ABOUT EDIBLE GARDEN®

Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), delivering organic, better-for-you, sustainable produce and products through its Zero-Waste Inspired® next-generation farming model. Available in over 6,000 retail locations across the United States, Caribbean, and South America, Edible Garden is at the forefront of the CEA and sustainability technology movement, distinguished by its advanced safety-in-farming protocols, sustainable packaging, patented GreenThumb software, and innovative Self-Watering in-store displays. The Company operates state-of-the-art, vertically integrated greenhouses and processing facilities, including Edible Garden Heartland in Grand Rapids, Michigan; Edible Garden Prairie Hills in Webster City, Iowa; and its headquarters at Edible Garden Belvidere in New Jersey. It also partners with a network of contract growers strategically located near major U.S. markets to ensure freshness and reduce environmental impact. The Company is also expanding its Prairie Hills facility in Webster City, Iowa, into a dedicated ready-to-drink (RTD) clean nutrition manufacturing hub, supporting its Farm-to-Formula® strategy and its transformation into higher-margin, shelf-stable nutrition categories.

Edible Garden’s proprietary GreenThumb 2.0 software—protected by U.S. Patents US 11,158,006 B1, US 11,410,249 B2, and US 11,830,088 B2—optimizes vertical and traditional greenhouse growing conditions while aiming to reduce food miles. Its patented Self-Watering display (U.S. Patent No. D1,010,365) is designed to extend plant shelf life and elevate in-store presentation. In addition to its core CEA operations, Edible Garden owns three patents in advanced aquaculture technologies: a closed-loop shrimp farming system (US 6,615,767 B1), a modular recirculating aquaculture setup with automated water treatment and feeding (US 10,163,199 B2), and a sensor-driven ammonia control method utilizing electrolytic chlorine generation (US 11,297,809 B1).

The Company has been recognized as a FoodTech 500 firm by Forward Fooding, is a multi-year participant in Walmart’s Project Gigaton and a Giga Guru designee and has received NRG’s Excellence in Energy Award for its commitment to measurable environmental performance and energy stewardship. Edible Garden also develops and markets a growing line of nutrition and specialty food products, including Vitamin Way® and Vitamin Whey®—plant and whey protein powders—and Kick. Sports Nutrition, a premium performance line for health-conscious athletes seeking cleaner, better-for-you options. The Company’s offerings further include fresh, sustainable condiments such as Pulp fermented gourmet and chili-based sauces, as well as Pickle Party, a collection of fermented fresh pickles and krauts.

Learn more at https://ediblegardenag.com.
For Pulp products, visit https://www.pulpflavors.com.
For Vitamin Whey® products, visit https://vitaminwhey.com.
For Kick. Sports Nutrition products, visit https://kicksportsnutrition.net/.
Watch the Company’s latest corporate video here.

FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “believe,” “expect,” “intend,” “plan,” “expand,” “advance,” “designed to,” “opportunity,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words. These statements include, without limitation, statements regarding the Company’s holiday fresh herb program with Kroger, the expected benefits of the Company’s recent Kroger distribution center awards, the Company’s ability to expand its presence and capture additional market share in its key markets, the Company’s available capacity and ability to service additional retail volume, the Company’s ability to deepen its relationship with Kroger and other major retailers, the development of the Company’s ready-to-drink manufacturing facility in Webster City, Iowa, and the Company’s Farm-to-Formula® strategy. There can be no assurance that the holiday program or the Company’s distribution center awards will result in the anticipated volume, revenue or market share gains. Forward-looking statements are based on the Company’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including those described in the “Risk Factors” section and other sections of the Company’s reports filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the date on which they are made, and the Company undertakes no duty to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Contacts:
Crescendo Communications, LLC
212-671-1020
[email protected]

, /PRNewswire/ -- The Sherwin-Williams Company (NYSE: SHW) announced its financial results for the third quarter ended September 30, 2026. All comparisons are to the third quarter of the prior year, unless otherwise noted.

SUMMARY

The Sherwin-Williams Company Reports 2026 Third Quarter Financial Results Consolidated Net sales increased 7.9% to $6.86 billion in the quarterNet sales from stores in the Paint Stores Group open more than twelve calendar months increased 3.9% in the quarterDiluted net income per share increased 0.9% to $3.38 per share in the quarter compared to $3.35 per share in the third quarter of 2025Adjusted diluted net income per share increased 1.1% to $3.63 per share in the quarter compared to $3.59 per share in the third quarter of 2025Net income decreased 1.5% in the quarter to $821.0 million, or 12.0% of Net salesEarnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) in the quarter increased 3.4% to $1.39 billion, or 20.3% of Net salesAdjusted EBITDA in the quarter increased 3.3% to $1.40 billion, or 20.5% of Net salesRevising full year 2026 diluted net income per share guidance in the range of $10.92 to $11.22 per share, including Valspar acquisition-related amortization expense of $0.82 per share and severance and other restructuring expenses of $0.11 per shareNarrowing full year 2026 adjusted diluted net income per share guidance in the range of $11.85 to $12.15 per share CEO REMARKS

"Sherwin-Williams third quarter performance demonstrated the resilience of our Company and the strength of our strategy in a challenging demand environment. Despite muted underlying market volumes, we continued to win new customers, increase share-of-wallet and deliver sales growth across all three reportable segments, at or above our guidance, supported by the differentiated value and productivity our solutions deliver to customers. At the same time, we took disciplined pricing and cost actions to address inflationary pressures, thoughtfully timed with our customers in mind," said Chair, President and Chief Executive Officer, Heidi G. Petz. "Gross margin was primarily impacted in the quarter by higher raw material and supply chain related costs and by mix, including dilution from Suvinil and higher growth in lower margin reportable segments. Excluding the dilutive impact of the Suvinil acquisition, our year-to-date gross margin is flat compared to the prior year. SG&A as a percent of sales decreased in the quarter, as we continue to identify and implement efficiencies throughout our Company. Adjusted EBITDA and adjusted diluted earnings per share both grew over last year's third quarter levels. We returned $749.0 million to shareholders in the quarter through dividends and share repurchases. Our team remains focused on serving our customers and controlling what we can control to continue top and bottom-line growth."

THIRD QUARTER CONSOLIDATED RESULTS
(in millions, except per share data)

Three Months Ended September 30,

2026

2025

$ Change

% Change

Net sales

$       6,860.0

$       6,358.2

$          501.8

7.9 %

Income before income taxes

$       1,063.5

$       1,060.5

$             3.0

0.3 %

Percent to Net sales

15.5 %

16.7 %

Net income per share - diluted

$           3.38

$           3.35

$            0.03

0.9 %

Adjusted net income per share - diluted

$           3.63

$           3.59

$            0.04

1.1 %

Consolidated Net sales increased primarily due to higher Net sales in all reportable segments, inclusive of the October 2025 acquisition of Suvinil, and selling price increases, which impacted Net sales by a mid-single digit percentage.

Income before income taxes increased slightly due to an increase in Net sales, partially offset by higher raw material and supply chain related costs, incremental selling, general and administrative (SG&A) expenses associated with Suvinil and higher costs in the Administrative function related to additional interest expense attributable to an increase in debt.

Diluted net income per share included a charge of $0.21 and $0.20 per share for Valspar acquisition-related amortization expense in the third quarter of 2026 and 2025, respectively. Diluted net income per share also included a charge of $0.04 per share related to severance and other restructuring expenses in both the third quarter of 2026 and 2025.

THIRD QUARTER SEGMENT RESULTS
(in millions)Paint Stores Group (PSG)

Three Months Ended September 30,

2026

2025

$ Change

% Change

Net sales

$        4,015.8

$        3,836.8

$          179.0

4.7 %

Same-store sales (1)

3.9 %

3.6 %

Segment profit

$          974.3

$          954.3

$            20.0

2.1 %

Reported segment margin

24.3 %

24.9 %

(1)

Same-store sales represents Net sales from stores open more than twelve calendar months.

Net sales in PSG increased primarily due to selling price increases, which impacted Net sales by a mid-single digit percentage, as well as low-single digit percentage sales volume growth. Net sales increased in all professional customer end markets, led by a double digit percentage increase in protective and marine, a high-single digit percentage increase in commercial and a mid-single digit percentage increase in residential repaint. Segment profit increased primarily due to higher Net sales, partially offset by higher raw material and supply chain related costs and increased costs to support higher sales, including investments in additional sales reps and stores.

Consumer Brands Group (CBG)

Three Months Ended September 30,

2026

2025

$ Change

% Change

Net sales

$          937.4

$          770.1

$          167.3

21.7 %

Segment profit

$          146.2

$          157.3

$          (11.1)

(7.1) %

Reported segment margin

15.6 %

20.4 %

Adjusted segment profit (1)

$          171.4

$          179.3

$            (7.9)

(4.4) %

Adjusted segment margin

18.3 %

23.3 %

(1)

Adjusted segment profit equals Segment profit excluding the impact of Valspar acquisition-related amortization expense and severance and other restructuring expenses. In CBG, Valspar acquisition-related amortization expense was $15.5 million and $15.6 million in the third quarter of 2026 and 2025, respectively, and severance and other restructuring expenses were $9.7 million and $6.4 million in the third quarter of 2026 and 2025, respectively.

Net sales in CBG increased primarily as a result of the acquisition of Suvinil, favorable foreign currency translation and a positive shift in mix, partially offset by soft demand in North America. Segment profit decreased primarily due to higher raw material and supply chain costs, incremental SG&A expenses associated with the Suvinil acquisition and unfavorable foreign currency transaction gains and losses, partially offset by higher Net sales. Adjusted segment profit decreased for these same reasons.

Valspar acquisition-related amortization expense reduced Segment profit as a percent of Net sales by 170 and 200 basis points in the third quarter of 2026 and 2025, respectively. Severance and other restructuring expenses reduced Segment profit as a percent of Net sales by 100 and 90 basis points in the third quarter of 2026 and 2025, respectively.

Performance Coatings Group (PCG)

Three Months Ended September 30,

2026

2025

$ Change

% Change

Net sales

$        1,903.3

$        1,750.0

$          153.3

8.8 %

Segment profit

$          255.2

$          240.3

$            14.9

6.2 %

Reported segment margin

13.4 %

13.7 %

Adjusted segment profit (1)

$          308.7

$          294.9

$            13.8

4.7 %

Adjusted segment margin

16.2 %

16.9 %

(1)

Adjusted segment profit equals Segment profit excluding the impact of Valspar acquisition-related amortization expense and severance and other restructuring expenses. In PCG, Valspar acquisition-related amortization expense was $49.8 million and $49.5 million in the third quarter of 2026 and 2025, respectively, and severance and other restructuring expenses were $3.7 million and $5.1 million in the third quarter of 2026 and 2025, respectively.

Net sales in PCG increased primarily due to selling price increases, which impacted Net sales by a mid-single digit percentage, and low-single digit percentage sales volume growth. Net sales increased in all businesses, led by General Industrial, Packaging and Coil, which each increased by a double digit percentage, and Industrial Wood and Automotive Refinish, which each increased by a low-single digit percentage. Segment profit increased primarily due to higher Net sales, partially offset by higher raw material and supply chain related costs and an increase in employee-related costs to support higher sales. Adjusted segment profit increased for these same reasons, including a slight decrease in the expenses associated with targeted restructuring actions in the third quarter of 2026.

Valspar acquisition-related amortization expense reduced Segment profit as a percent of Net sales by 260 and 290 basis points in the third quarter of 2026 and 2025, respectively. Severance and other restructuring expenses reduced Segment profit as a percent of Net sales by 20 and 30 basis points in the third quarter of 2026 and 2025, respectively.

LIQUIDITY AND CASH FLOW

The Company generated $2.59 billion in Net operating cash and returned cash of $2.98 billion to our shareholders in the form of dividends and repurchases of 7.1 million shares of its common stock during the first nine months of 2026. At September 30, 2026, the Company had remaining authorization to purchase 22.5 million shares of its common stock through open market purchases.

2026 GUIDANCE

Fourth Quarter

Full Year

2026

2026

Net sales

Up mid-single digit %

Up mid to high-single digit %

Effective tax rate

Low twenty percent

Diluted net income per share

$10.92

-

$11.22

Adjusted diluted net income per share (1)

$11.85

-

$12.15

(1)

Excludes $0.82 per share of Valspar acquisition-related amortization expense and $0.11 per share of severance and other restructuring expenses incurred through September 30, 2026.

"Customer sentiment and the leading indicators we track point to muted demand over the remainder of the year and into 2027. As we navigate this environment, our focus remains clear: win in the marketplace, serve our customers, offset inflation, reduce costs and continue to deliver profitable growth and shareholder value," said Ms. Petz.

"Against this backdrop, we expect fourth quarter 2026 consolidated Net sales to increase by a mid-single digit percentage compared to the fourth quarter of 2025, resulting in us maintaining our full year 2026 sales guidance where consolidated Net sales are expected to be up a mid to high-single digit percentage compared to full year 2025. Diluted net income per share is expected to be in the range of $10.92 to $11.22 per share, including acquisition-related amortization expense of $0.82 per share and severance and other restructuring expenses of $0.11 per share, compared to $10.26 per share in 2025. Full year 2026 adjusted diluted net income per share is expected to be in the range of $11.85 to $12.15 per share compared to $11.43 per share in 2025. We remain highly confident in our ability to deliver through current conditions while building an even stronger Sherwin-Williams for the future."

CONFERENCE CALL INFORMATION

The Company will host a conference call to discuss its financial results for the third quarter, and its outlook for the fourth quarter and full year 2026, at 10:00 a.m. EDT on Tuesday, October 27, 2026. Heidi G. Petz, Sherwin-Williams' Chair, President and Chief Executive Officer, along with other senior executives, will participate on the call.

The conference call will be webcast simultaneously in listen only mode. To listen to the webcast on the Sherwin-Williams website, click on https://investors.sherwin-williams.com/financials/quarterly-results/, then click on the webcast icon following the reference to the Q3 webcast. An archived replay of the webcast will be available at https://investors.sherwin-williams.com/financials/quarterly-results/ beginning approximately two hours after the call ends.

ABOUT THE SHERWIN-WILLIAMS COMPANY

Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paint, coatings and related products to professional, industrial, commercial and retail customers. The Company manufactures products under well-known brands such as Sherwin-Williams®, Valspar®, HGTV HOME® by Sherwin-Williams, Dutch Boy®, Krylon®, Minwax®, Thompson's® WaterSeal®, Cabot®, Suvinil® and many more. With global headquarters in Cleveland, Ohio, Sherwin-Williams® branded products are sold exclusively through a chain of more than 5,400 Company-operated stores and branches, while the Company's other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers and industrial distributors. The Sherwin-Williams Performance Coatings Group supplies a broad range of highly-engineered solutions for the construction, industrial, packaging and transportation markets in more than 120 countries around the world. Sherwin-Williams shares are traded on the New York Stock Exchange (symbol: SHW). For more information, visit www.sherwin.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Certain statements contained in this press release constitute "forward-looking statements" within the meaning of federal securities laws. These forward-looking statements are based upon management's current expectations, predictions, estimates, assumptions and beliefs concerning future events and conditions and may relate to, among other things, anticipated future performance (including sales and earnings), expected growth, and future business plans. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "anticipate," "aspire," "believe," "could," "estimate," "expect," "goal," "intend," "may," "plan," "potential," "project," "seek," "should," "strive," "target," "will," or "would" or the negative thereof or comparable terminology.

Readers are cautioned not to place undue reliance on any forward-looking statements. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside our control, that could cause actual results to differ materially from such statements and from our historical results, performance and experience. These risks, uncertainties and other factors include such things as: general business and economic conditions in the United States and worldwide; inflation rates, interest rates, unemployment rates, labor costs, healthcare costs, recessionary conditions, geopolitical conditions, terrorist activity, armed conflicts and wars, public health crises, pandemics, outbreaks of disease and supply chain disruptions; shifts in consumer behavior driven by economic downturns in cyclical segments of the economy; shortages and increases in the cost of raw materials and energy; catastrophic events, adverse weather conditions and natural disasters (including those that may be related to climate change); disruptions to our information technology systems, including due to digitization efforts or cybersecurity incidents; our ability to attract, retain, develop and progress a qualified global workforce; the loss of any of our largest customers; increased competition or failure to keep pace with developments in key competitive areas of our business; our ability to successfully integrate past and future acquisitions, into our existing operations; risks and uncertainties associated with our expansion into and our operations in South America, Asia, Europe and other foreign markets; policy changes affecting international trade, including import/export restrictions and tariffs; our ability to achieve our strategies or expectations relating to sustainability considerations, including as a result of evolving legal, regulatory and other standards, processes and assumptions, the pace of scientific and technological developments, increased costs, the availability of requisite suppliers, energy sources, or financing and changes in carbon markets and carbon accounting rules; damage to our business, reputation, image or brands due to negative publicity; the infringement or loss of our intellectual property rights or the theft or unauthorized use of our trade secrets or other confidential business information; a weakening of global credit markets or changes to our credit ratings; our ability to generate cash to service our indebtedness; fluctuations in foreign currency exchange rates and changing monetary policies; our ability to comply with a variety of complex U.S. and non-U.S. laws, rules and regulations; increases in tax rates, or changes in tax laws or regulations; our ability to comply with numerous, complex and increasingly stringent domestic and foreign health, safety and environmental laws, regulations and requirements; our liability related to environmental investigation and remediation activities at some of our currently- and formerly-owned sites; the nature, cost, quantity and outcome of pending and future litigation, including lead pigment and lead-based paint litigation; and the other risk factors discussed in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 and our other reports filed with the SEC.

Readers are cautioned that it is not possible to predict or identify all of the risks, uncertainties and other factors that may affect future results and that the above list should not be considered a complete list. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as otherwise required by law.

INVESTOR RELATIONS CONTACT:

Jim Jaye                                                                              

Senior Vice President, Investor Relations & Corporate Communications
Sherwin-Williams                                
Direct: 216.515.8682
[email protected]

MEDIA CONTACT:

Julie Young

Vice President, Global Corporate Communications
Sherwin-Williams
Direct: 216.515.8849
[email protected]

The Sherwin-Williams Company and Subsidiaries

Statements of Consolidated Income (Unaudited)

(in millions, except per share data)

Three Months Ended September 30,

Nine Months Ended September 30,

2026

2025

2026

2025

Net sales

$       6,860.0

$       6,358.2

$     19,316.2

$     17,978.4

Cost of goods sold

3,582.8

3,232.7

9,920.5

9,175.5

Gross profit

3,277.2

3,125.5

9,395.7

8,802.9

Percent to Net sales

47.8 %

49.2 %

48.6 %

49.0 %

Selling, general and administrative expenses

2,069.1

1,952.8

6,142.4

5,758.2

Percent to Net sales

30.2 %

30.7 %

31.8 %

32.0 %

Other general expense (income) - net

5.2

(4.7)

14.9

10.5

Interest expense

139.3

117.2

406.8

333.4

Interest income

(5.9)

(2.6)

(14.1)

(8.3)

Other expense (income) - net

6.0

2.3

(10.1)

9.9

Income before income taxes

1,063.5

1,060.5

2,855.8

2,699.2

Income taxes

242.5

227.4

656.5

607.5

Net income

$         821.0

$         833.1

$       2,199.3

$       2,091.7

Net income per common share:

Basic

$          3.41

$          3.38

$          9.03

$          8.43

Diluted

$          3.38

$          3.35

$          8.95

$          8.34

Weighted average shares outstanding:

Basic

240.7

246.2

243.5

248.0

Diluted

242.8

249.0

245.7

250.9

The Sherwin-Williams Company and Subsidiaries

Business Segments (Unaudited)

(millions of dollars)

2026

2025

Net

Segment

Net

Segment

Sales

Profit (Loss)

Sales

Profit (Loss)

Three Months Ended September 30:

Paint Stores Group

$       4,015.8

$          974.3

$        3,836.8

$          954.3

Consumer Brands Group

937.4

146.2

770.1

157.3

Performance Coatings Group

1,903.3

255.2

1,750.0

240.3

Administrative

3.5

(312.2)

1.3

(291.4)

Consolidated totals

$       6,860.0

$       1,063.5

$        6,358.2

$        1,060.5

Nine Months Ended September 30:

Paint Stores Group

$      10,955.7

$       2,490.7

$      10,478.8

$        2,412.0

Consumer Brands Group

2,829.2

556.3

2,341.7

453.4

Performance Coatings Group

5,522.9

760.9

5,153.1

698.1

Administrative

8.4

(952.1)

4.8

(864.3)

Consolidated totals

$      19,316.2

$       2,855.8

$      17,978.4

$        2,699.2

The Sherwin-Williams Company and Subsidiaries

Condensed Consolidated Balance Sheets (Unaudited)

(millions of dollars)

September 30,

2026

2025

Assets

Current assets:

Cash and cash equivalents

$          264.2

$          241.5

Accounts receivable, net

3,598.1

3,122.3

Inventories

2,547.0

2,276.3

Other current assets

618.1

506.0

Total current assets

7,027.4

6,146.1

Property, plant and equipment, net

4,225.6

3,913.2

Goodwill

7,975.5

7,794.1

Intangible assets

3,744.3

3,466.2

Operating lease right-of-use assets

2,101.5

1,989.5

Other assets

1,887.1

2,897.3

Total Assets

$      26,961.4

$      26,206.4

Liabilities and Shareholders' Equity

Current liabilities:

Short-term borrowings

$       2,353.6

$        1,846.9

Accounts payable

2,895.3

2,441.6

Compensation and taxes withheld

817.4

709.4

Accrued taxes

300.4

254.6

Current portion of long-term debt

1,498.8

350.5

Current portion of operating lease liabilities

487.6

479.8

Other accruals

1,495.8

1,390.7

Total current liabilities

9,848.9

7,473.5

Long-term debt

7,942.7

9,318.1

Postretirement benefits other than pensions

134.0

120.7

Deferred income taxes

742.4

657.2

Long-term operating lease liabilities

1,699.1

1,582.3

Other long-term liabilities

2,617.6

2,629.3

Shareholders' equity

3,976.7

4,425.3

Total Liabilities and Shareholders' Equity

$      26,961.4

$      26,206.4

Reconciliation of Non-GAAP Financial Measures

Management of the Company utilizes certain financial measures that are not in accordance with U.S. generally accepted accounting principles (US GAAP) to analyze and manage the performance of the business. Management provides non-GAAP information in reporting its financial results to give investors additional data to evaluate the Company's operations. Management does not, nor does it suggest investors should, consider such non-GAAP measures in isolation from, or in substitution for, financial information prepared in accordance with US GAAP.

Management believes that investors' understanding of the Company's operating performance is enhanced by the disclosure of diluted net income per share excluding Valspar acquisition-related amortization and certain other adjustments. Valspar acquisition-related amortization expense is excluded from diluted net income per share due to its significance as a result of the purchase price assigned to finite-lived intangible assets at the date of acquisition and the related impact on underlying business performance and trends. While these intangible assets contribute to the Company's revenue generation, the related revenue is not excluded. This adjusted diluted earnings per share measurement is not in accordance with US GAAP. It should not be considered a substitute for diluted earnings per share computed in accordance with US GAAP and may not be comparable to similarly titled measures reported by other companies. The following tables reconcile diluted net income per share computed in accordance with US GAAP to adjusted diluted net income per share.

Year Ending

Three Months Ended

Nine Months Ended

December 31, 2026

September 30, 2026

September 30, 2026

(after-tax guidance)

Pre-Tax

Tax

Effect (1)

After-
Tax

Pre-Tax

Tax

Effect (1)

After-
Tax

Low

High

Diluted net income per share

$   3.38

$   8.95

$  10.92

$  11.22

Acquisition-related amortization expense (2)

$    .27

$    .06

.21

$    .80

$    .19

.61

.82

.82

Severance and other restructuring expenses

.06

.02

.04

.15

.04

.11

.11

.11

Adjusted diluted net income per share

$   3.63

$   9.67

$  11.85

$  12.15

Three Months Ended

Nine Months Ended

Year Ended

September 30, 2025

September 30, 2025

December 31, 2025

Pre-Tax

Tax

Effect (1)

After-
Tax

Pre-Tax

Tax

Effect (1)

After-
Tax

Pre-Tax

Tax

Effect (1)

After-
Tax

Diluted net income per share

$   3.35

$   8.34

$ 10.26

Acquisition-related amortization expense (2)

$    .26

$    .06

.20

$    .77

$    .18

.59

$   1.03

$    .25

.78

Severance and other restructuring expenses

.06

.02

.04

.37

.10

.27

.44

.10

.34

Trademark impairment

—

—

—

—

—

—

.07

.02

.05

Adjusted diluted net income per share

$   3.59

$   9.20

$ 11.43

(1)

The tax effect is calculated based on the statutory rate and the nature of the item, unless otherwise noted.

(2)

Acquisition-related amortization expense, which is included within Selling, general and administrative expenses, consists of the amortization of intangible assets related to the Valspar acquisition. These intangible assets are primarily customer relationships and intellectual property and are being amortized over their remaining useful lives.

Management believes that investors' understanding of the Company's operating performance is enhanced by the disclosure of EBITDA, which is a non-GAAP financial measure defined as Net income before Interest expense, Income taxes, depreciation and amortization, as well as Adjusted EBITDA, which is a non-GAAP financial measure that excludes certain adjustments that management further believes enhances investors' understanding of the Company's operating performance. The reader is cautioned that the Company's EBITDA and Adjusted EBITDA should not be compared to other entities unknowingly. Further, EBITDA and Adjusted EBITDA should not be considered alternatives to Net income as an indicator of operating performance. The following table reconciles Net income computed in accordance with US GAAP to EBITDA and Adjusted EBITDA, as applicable.

(millions of dollars)

Three Months

Three Months

Three Months

Nine Months

Ended

Ended

Ended

Ended

March 31, 2026

June 30, 2026

September 30, 2026

September 30, 2026

Net income

$          534.7

$            843.6

$            821.0

$          2,199.3

Interest expense

131.6

135.9

139.3

406.8

Income taxes

145.1

268.9

242.5

656.5

Depreciation

98.3

98.5

99.2

296.0

Amortization

88.5

87.9

88.3

264.7

EBITDA

$          998.2

$          1,434.8

$          1,390.3

$          3,823.3

Severance and other restructuring expenses

—

23.8

13.1

36.9

Adjusted EBITDA

$          998.2

$          1,458.6

$          1,403.4

$          3,860.2

Three Months

Three Months

Three Months

Nine Months

Ended

Ended

Ended

Ended

March 31, 2025

June 30, 2025

September 30, 2025

September 30, 2025

Net income

$          503.9

$            754.7

$            833.1

$          2,091.7

Interest expense

103.8

112.4

117.2

333.4

Income taxes

149.1

231.0

227.4

607.5

Depreciation

79.9

79.3

82.8

242.0

Amortization

81.0

83.4

84.1

248.5

EBITDA

$          917.7

$          1,260.8

$          1,344.6

$          3,523.1

Severance and other restructuring expenses

19.3

59.0

14.4

92.7

Adjusted EBITDA

$          937.0

$          1,319.8

$          1,359.0

$          3,615.8

The Sherwin-Williams Company and Subsidiaries

Selected Information (Unaudited)

(millions of dollars, except store count data)

Three Months Ended

Nine Months Ended

September 30,

September 30,

2026

2025

2026

2025

Depreciation

$        99.2

$        82.8

$      296.0

$      242.0

Capital expenditures

128.7

196.4

375.4

567.2

Cash dividends

194.3

195.7

588.9

594.0

Amortization of intangibles

88.3

84.1

264.7

248.5

Significant components of Other general expense (income) - net:

Provisions for environmental related matters - net

$        (0.1)

$        10.6

$         3.3

$        14.1

Loss (gain) on sale or disposition of assets

2.4

(23.8)

0.6

(27.2)

Other

2.9

8.5

11.0

23.6

Significant components of Other expense (income) - net:

Investment losses (gains)

$          —

$         3.9

$        (6.4)

$        (5.6)

Foreign currency transaction related losses - net

16.6

6.6

11.1

29.7

Other (1)

(10.6)

(8.2)

(14.8)

(14.2)

Store Count Data:

Paint Stores Group - net new stores

12

23

—

61

Paint Stores Group - total stores

4,853

4,834

4,853

4,834

Consumer Brands Group - net new stores

2

(8)

3

(30)

Consumer Brands Group - total stores

310

304

310

304

Performance Coatings Group - net new branches

—

—

—

—

Performance Coatings Group - total branches

317

324

317

324

(1) Consists of items of revenue, gains, expenses and losses unrelated to the primary business purpose of the Company.

SOURCE The Sherwin-Williams Company

Pentair plc (PNR - Free Report) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $1.24 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +10.28%. A quarter ago, it was expected that this company would post earnings of $1.12 per share when it actually produced earnings of $1.14, delivering a surprise of +1.79%.

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

Pentair, which belongs to the Zacks Waste Removal Services industry, posted revenues of $976.4 million for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 1.33%. This compares to year-ago revenues of $1.02 billion. The company has topped consensus revenue estimates three times over the last four quarters.

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

Pentair shares have lost about 47% since the beginning of the year versus the S&P 500's gain of 12.1%.

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

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

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

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

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.21 on $1.06 billion in revenues for the coming quarter and $4.63 on $3.97 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Waste Removal Services is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

GFL Environmental Inc. (GFL - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2026. The results are expected to be released on October 28.

This company is expected to post quarterly earnings of $0.20 per share in its upcoming report, which represents a year-over-year change of +17.7%. The consensus EPS estimate for the quarter has been revised 9.9% lower over the last 30 days to the current level.

GFL Environmental Inc.'s revenues are expected to be $1.49 billion, up 20.9% from the year-ago quarter.

Corning (GLW - Free Report) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +2.25%. A quarter ago, it was expected that this specialty glass maker would post earnings of $0.76 per share when it actually produced earnings of $0.78, delivering a surprise of +2.63%.

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

Corning, which belongs to the Zacks Communication - Components industry, posted revenues of $5.08 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 1.04%. This compares to year-ago revenues of $4.27 billion. The company has topped consensus revenue estimates four times over the last four quarters.

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

Corning shares have added about 45.9% since the beginning of the year versus the S&P 500's gain of 12.1%.

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

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

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

Ahead of this earnings release, the estimate revisions trend for Corning was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.91 on $5.19 billion in revenues for the coming quarter and $3.30 on $19.09 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Communication - Components is currently in the top 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, ADTRAN Holdings (ADTN - Free Report) , has yet to report results for the quarter ended September 2026. The results are expected to be released on November 2.

This networking equipment maker is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of -40%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

ADTRAN Holdings' revenues are expected to be $285.07 million, up 2% from the year-ago quarter.

-

Holiday shopping kicks off this Friday with a season full of weekly doorbusters, Black Friday deals, limited-time sales and gift ideas

MINNEAPOLIS--(BUSINESS WIRE)--The holiday season is just days away at Best Buy. The excitement officially starts this Friday, Oct. 30, with the return of DoorBOOsters™, kicking off a packed calendar of incredible deals. Shoppers can count on new Doorbusters dropping every week, major savings events through December and added rewards for My Best Buy Plus and Total™ members.

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New tech to discover

The holidays are a great chance to discover what's next in tech. And there's plenty of new stuff hitting Best Buy stores this season.

From the latest Meta AI glasses to RGB LED TVs, there's always something new to see, try and experience. Add the latest gaming titles like Grand Theft Auto VI and The Legend of Zelda: Ocarina of Time; AI-powered Googlebooks and NVIDIA RTX Spark PCs; wearable tech like Oura Ring 5; and more. A trip to Best Buy can be as much about discovering what's new as it is about checking something off a list.

Simple holiday shopping

To ensure a seamless experience, Best Buy is bringing customers a variety of ways to shop, save and exchange all season long.

Holiday Gift Center: Our Holiday Gift Center makes gift shopping easy with curated gift guides, expert recommendations and inspiration for everyone on their list. Price Match: Our Holiday Price Match Guarantee makes sure customers don’t miss out on savings. If the price of a product sold by Best Buy drops during the holiday season, we’ll match it.2 Extended Store Hours: Starting Nov. 1, we’re making it even easier to discover the latest tech, shop deals and get expert advice with extended store hours. Customers can find updated hours on their local store page. Plus, they can take advantage of store pickup or 24/7 Pickup Lockers at select stores to grab their orders whenever it’s convenient. Returns and Exchanges: Easy returns allow customers to shop with peace of mind. Best Buy’s Extended Holiday Return and Exchange Policy means most purchases made Oct. 30 through Dec. 31 can be returned through Jan. 15, 2027, and Jan. 31, 2027 for Plus and Total members. 3 Stores will be closed on Thanksgiving Day, but as always, shoppers can take advantage of great deals in the Best Buy app and on BestBuy.com.

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Broadcom Lands Massive $63 Billion AI Financing Deal After Tense Bank Talks Summary

Broadcom shares advanced after lenders backed a $63 billion financing package designed to fund AI hardware that Anthropic will lease

Broadcom AVGO shares rose 1.5% early Tuesday trading after a $63 billion financing deal to fund artificial intelligence equipment for Anthropic moved forward.

The financing will allow a newly formed special-purpose vehicle to purchase Broadcom's AI accelerators and networking equipment, then lease the hardware to Anthropic, the developer of the Claude AI assistant. Deliveries are expected to begin in 2027 under an existing computing-capacity agreement.

Bank of America BAC, Citigroup (C) and Morgan Stanley MS are arranging the senior, first-lien loans, while Blackstone (BX) will provide the committed second-lien financing. Broadcom will offer residual-value support for the senior portion, helping protect lenders if the equipment loses value.

The deal followed weeks of negotiations, with some lenders reportedly questioning whether the returns justified the risks. Broadcom Chief Executive Hock Tan held weekend discussions with bank executives and agreed to higher borrowing costs to secure their participation, The Wall Street Journal reported.

The agreement highlights how major AI developers are using debt financing to secure computing capacity as demand for advanced chips grows. Anthropic also filed for an initial public offering on Monday, adding another major funding milestone to its expansion plans.

Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

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Travel + Leisure Co. (TNL - Free Report) came out with quarterly earnings of $2.21 per share, beating the Zacks Consensus Estimate of $2.04 per share. This compares to earnings of $1.8 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +8.33%. A quarter ago, it was expected that this company would post earnings of $1.93 per share when it actually produced earnings of $1.88, delivering a surprise of -2.59%.

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

Travel Leisure Co., which belongs to the Zacks Leisure and Recreation Services industry, posted revenues of $1.1 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 0.09%. This compares to year-ago revenues of $1.04 billion. The company has topped consensus revenue estimates four times over the last four quarters.

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

Travel Leisure Co. shares have lost about 7% since the beginning of the year versus the S&P 500's gain of 12.1%.

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

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

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

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

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.23 on $1.08 billion in revenues for the coming quarter and $7.47 on $4.2 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Leisure and Recreation Services is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Giftify, Inc. (GIFT - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2026.

This company is expected to post quarterly loss of $0.02 per share in its upcoming report, which represents a year-over-year change of +75%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Giftify, Inc.'s revenues are expected to be $22.01 million, up 17.2% from the year-ago quarter.