Track market-moving stories before they get noisy

The space sector is getting hammered this week. Nearly every name on the board is red — some sharply so — as a combination of SpaceX pre-IPO fatigue and the implosion of a high-profile short squeeze drags the group lower across the board.

LUNR stock is moving. See the chart and price action here. SPCE Short Squeeze Virgin Galactic Holdings, Inc. (NYSE:SPCE) cratered 30.58% this week to $4.29 after one of the more dramatic squeezes in recent memory flamed out. 

On Monday, SPCE touched $8.90 intraday on speculation and derivative settlement dynamics — short interest stood at 23.2% of float heading in, and S3 Partners estimated short sellers were sitting on $64 million in losses at the peak. 

The arrival of strategic investor Rich Huang of RichRich Capital, who disclosed a 5.26% stake, added fuel to the fire. 

But SPCE closed Monday at $7.52, and the squeeze has since unwound sharply — Wednesday’s close of $4.29 puts the stock well below where it started the week from the prior Friday’s $6.18 close. The squeeze is over.

Around the SectorRedwire Corp. (NYSE:RDW) is the week’s second-biggest loser at down 24.22% to $18.62, with Wednesday volume hitting 41.6 million shares — well above its typical daily average.

Momentus Inc. (NASDAQ:MNTS) has dropped 22.14% to $13.12. 

Rocket Lab Corp. (NASDAQ:RKLB) is down 20.06% week-to-date to $114.70, making it one of the worst large-cap performers in the cohort. 

Intuitive Machines (NASDAQ:LUNR) has dropped 22.82% to $33.83 despite locking in two new NASA lunar reconnaissance contracts in May, suggesting the macro overhang is heavier than individual contract wins right now. 

The chart below shows the one-month price performances of several space stocks:

SpaceX IPO: $135/Share, $1.75T Valuation, June 12 DebutThe broader backdrop matters and reports swirling this week of SpaceX trimming its IPO valuation ambitions away from the $2 trillion target have taken some of the air out of the entire group. 

When SpaceX sentiment shifts, the public pure-plays tend to feel it first.

In fact, SpaceX filed official IPO terms on Wednesday, targeting $135 per share — a fixed price, not a range, which is unusual and very Elon Musk. 

At that price, the company plans to sell 555.6 million shares, raising approximately $74.4 billion (or up to $85.7 billion if underwriters exercise their full option), implying a $1.75 trillion valuation. 

That’s down from the $2 trillion target Bloomberg reported in April, and slightly down from the $1.8 trillion figure circulating last week.

The roadshow officially kicks off Thursday, with pricing expected after market close on June 11 and the first trading day set for June 12 on Nasdaq under ticker SPCX.

The Payload The week isn’t over, but the damage is already significant. The space sector entered 2026 as one of the market’s hottest trades — this week, it’s one of the most punishing.

Photo: vectorfusionart / Shutterstock

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Sivers Will Supply Lasers and Optical Amplifiers with Cumulative Revenue Potential Ranging From $53M to $138M Over Our Customer's Product Lifecycle

, /PRNewswire/ -- Sivers Semiconductors AB (STO: SIVE), a global leader in photonics and wireless technologies, today announced their strategic LiDAR (Light Detection and Ranging) customer has incorporated Sivers technology across their platforms and will ramp production from Q4 2026 for Automotive and Industrial applications. 

According to the latest research from Yole Group, the global automotive LiDAR market is projected to grow from $861 million in 2024 to $3.8 billion by 2030, representing a compound annual growth rate (CAGR) of 28%. The partnership marks a significant expansion of Sivers' photonics technologies into advanced LiDAR systems, highlighting growing adoption across passenger vehicles, commercial fleets, and industrial and robotics platforms.

"Our strategic customers' LiDAR technology sets a new bar for precision and reliability in automotive and industrial sensing," said Alex McCann, Managing Director for the photonics business at Sivers Semiconductors. "Our Continuous Wave (CW) Distributed Feedback (DFB) lasers and optical amplifiers are well-suited for these demanding applications. This partnership highlights the flexibility and scalability of our photonics platform as it expands into new markets."

"Our LiDAR platforms are increasingly being adopted by Tier 1 Automotive OEMS as well as brand name customers in Industrial markets, illustrating the strength of our value proposition," said customer spokesperson. "Siver's lasers and optical amplifiers are essential components to help us build our world-class product platforms and we appreciate our collaborative partnership."

For more information, please visit https://www.sivers-semiconductors.com/. 

About Sivers Semiconductors 

Sivers Semiconductors is a critical enabler of a greener data economy with energy efficient photonics & wireless solutions. The Company's differentiated high precision laser and RF beamformer technologies help our customers in key markets such as AI Datacenters, SATCOM, Defense and Telecom solve essential performance challenges while enabling a much greener footprint. For additional information, please visit us at: www.sivers-semiconductors.com. (SIVE.ST)

Media Contact 
Tyler Weiland 
Shelton Group
+1-972-571-7834
[email protected]

Company Contact
Heine Thorsgaard
CFO 
[email protected]

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SOURCE Sivers Semiconductors

7-15ghz Beamforming Chipsets Unlock $1.3B of New Emerging Serviceable Available Market (SAM) in Base Station and Consumer Premise Equipment (CPE) Segments

, /PRNewswire/ -- Sivers Semiconductors AB (STO: SIVE), a global leader in photonics and wireless technologies, today announced general availability of its 7-15GHz Daybreak™ beamforming ICs for emerging 5G/6G FR3 applications as well as multi-function defense arrays. FR3 frequencies are the next frontier for 5G-Advanced and 6G network deployments, combining the benefits of superior propagation at sub-6GHz and wider bandwidths at millimeter-wave frequencies.

While global standardization of the FR3 band is pending, Yole Intelligence 5G/6G market reports estimate a $1.3B SAM in 2030 based on FR3 penetration assumptions in base stations and CPE.

Sivers' DAYBREAK0715 beamforming ICs delivers industry-leading broadband transmit power and efficiency, while also offering state-of-the-art receiver noise figure. The ICs also support integration with external front-end modules.

"Daybreak™ is already getting a lot of interest from several customers," said Harish Krishnaswamy, Managing Director, Wireless Division at Sivers Semiconductors. "This product will accelerate our customer solutions to the market for base stations and CPE devices as the interest in FR3 continues to grow worldwide."

The new chipset was developed under the $6M US Department of Defense (DoD) Microelectronics Commons 5G/6G project awarded to Sivers in 2024 and included Raytheon and Ericsson as partners.

For more information, visit https://www.sivers-semiconductors.com/. 

About Sivers Semiconductors 

Sivers Semiconductors is a critical enabler of a greener data economy with energy efficient photonics & wireless solutions. Our differentiated high precision laser and RF beamformer technologies help our customers in key markets such as AI Datacenters, SATCOM, Defense and Telecom solve essential performance challenges while enabling a much greener footprint. For additional information, please visit us at: www.sivers-semiconductors.com. (SIVE.ST)

Media Contact   
Tyler Weiland 
Shelton Group
+1-972-571-7834
[email protected]

Company Contact
Heine Thorsgaard
CFO 
[email protected]

This information was brought to you by Cision http://news.cision.com

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SOURCE Sivers Semiconductors

$6.6M Year 2 Program Award through NEMC Rewards Strong Execution and Reinforces Growing Momentum in Modernizing U.S. Defense Infrastructure Using Sivers Technology

, /PRNewswire/ -- Sivers Semiconductors AB (STO: SIVE), a global leader in photonics and wireless technologies, today announced a second-year extension of its Electronic Warfare (EW STAR) project from the Northeast Microelectronics Coalition (NEMC) Hub under the Microelectronics Commons program.

The Year 2 program award totals $6.6 million, a strong recognition of Sivers' technical results and execution to milestones.

"This second-year extension of the EW STAR program reflects Siver's innovative technology and strong first-year technical progress," said Harish Krishnaswamy, Managing Director, Wireless Division at Sivers Semiconductors. "We appreciate the continued support of NEMC and the Microelectronics Commons program, as we advance critical technologies to modernize defense architectures and systems."

The EW STAR program is advancing wideband antenna array technologies that enable simultaneous transmit-and-receive operation for electronic warfare, communications, and radar, with support for dual-use commercial applications.

The program is funded through the Microelectronics Commons program, established by the Naval Surface Warfare Center (NSWC) Crane Division, and awarded via the NEMC Hub, with Sivers Semiconductors collaborating alongside BAE Systems, MIT Lincoln Laboratory, and Columbia University.

For more information, please visit https://www.sivers-semiconductors.com/.

About Sivers Semiconductors

Sivers Semiconductors is a critical enabler of a greener data economy with energy-efficient photonics & wireless solutions. Our differentiated high-precision laser and RF beamformer technologies help our customers in key markets such as AI Datacenters, SATCOM, Defense and Telecom solve essential performance challenges while enabling a much greener footprint. For additional information, please visit us at: www.sivers-semiconductors.com. (SIVE.ST)

About the NEMC Hub

The Northeast Microelectronics Coalition (NEMC) Hub is a network of 300+ organizations including commercial and defense companies, leading academic institutions, federally funded research and development centers (FFRDCs), and startups concentrated in eight Northeastern states. Established in 2023, the NEMC Hub is one of eight regional Microelectronics Commons Hubs working to expand the nation's global leadership in microelectronics and accelerate domestic semiconductor prototyping. The NEMC Hub is a division of the Massachusetts Technology Collaborative (MassTech) and was established with federal CHIPS and Science Act funding under the Microelectronics Commons program and executed through the Naval Surface Warfare Center Crane Division (NSWC Crane) and the National Security Technology Accelerator (NSTXL). The Hub fosters a vibrant, connected microelectronics ecosystem to provide sustainable lab-to-fab enablement, boost education and workforce development, and spur new jobs. Learn more at https://nemicroelectronics.org/

Media Contact
Tyler Weiland
Shelton Group
+1-972-571-7834
[email protected]

Company Contact
Heine Thorsgaard
CFO
[email protected]

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SOURCE Sivers Semiconductors

Sivers' laser arrays to support GlobalFoundries' silicon photonics platform and SCALE™ optical engine solutions targeting a $25B Pluggable Optics market by 2030

, /PRNewswire/ -- Sivers Semiconductors AB (STO: SIVE), a global leader in photonics and wireless technologies, today announced a strategic collaboration with GlobalFoundries (NASDAQ: GFS) (GF), to develop advanced silicon photonics solutions for the high-growth AI infrastructure market.

Sivers Semiconductors' laser arrays will be integrated into reference designs built on GF's silicon photonics platform. The collaboration supports a range of optical connectivity architectures, including co-packaged optics (CPO), linear pluggable optics (LPO), and other emerging data center interconnect solutions. Sivers' laser arrays will also be available in GF's Silicon Photonics Co-packaged Advanced Light Engine (SCALE™) platform for next-generation optical sub-assemblies and light engine architectures. GF's SCALE CPO solution combines integrated photonic devices, coarse and dense wavelength-division multiplexing (CWDM, DWDM) and advanced packaging enablement to improve bandwidth density and system scalability.

"The rapid expansion of AI workloads and hyperscale data center architectures demand advanced photonics technologies that deliver higher bandwidth, improved energy efficiency, and scalable optical connectivity," said Raymond Biagan, CRO at Sivers Semiconductors. "Our collaboration with GlobalFoundries positions both companies at the leading edge of silicon photonics innovation."

"GlobalFoundries continues to see strong momentum for silicon photonics solutions as AI data center architectures evolve toward higher bandwidth density and improved power efficiency," said Vikas Gupta, Senior Fellow, Silicon Photonics Product Line at GlobalFoundries. "Pairing Sivers Semiconductors' laser array technology with our silicon photonics and SCALE CPO platforms provides our customers with advanced, scalable optical engine solutions for high-bandwidth co-packaged optics and optical interconnects."

For more information, please visit https://www.sivers-semiconductors.com/.

About Sivers Semiconductors

Sivers Semiconductors is a critical enabler of a greener data economy with energy-efficient photonics & wireless solutions. Our differentiated high-precision laser and RF beamformer technologies help our customers in key markets such as AI Datacenters, SATCOM, Defense and Telecom solve essential performance challenges while enabling a much greener footprint. For additional information, please visit us at: www.sivers-semiconductors.com. (SIVE.ST)

About GF

GlobalFoundries (GF) is a leading manufacturer of essential semiconductors, enabling AI at scale from the cloud to the physical world. Through deep partnerships with customers, GF delivers differentiated, power-efficient and high-performance solutions for automotive, aerospace and defense, data center, smart mobile devices, internet of things and other high-growth markets. With global manufacturing operations across the U.S., Europe and Asia, GF is a trusted and holistic technology partner for customers around the world. GF's talented, global team remains focused every day on security, longevity and sustainability. For more information, visit www.gf.com.

Media Contact
Tyler Weiland
Shelton Group
+1-972-571-7834
[email protected]

Company Contact
Heine Thorsgaard
CFO
[email protected]

This information was brought to you by Cision http://news.cision.com

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SOURCE Sivers Semiconductors

Posted by Defense World Staff on Apr 8th, 2026

ams-OSRAM (OTCMKTS:AMSSY – Get Free Report) and Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) are both computer and technology companies, but which is the superior stock? We will compare the two companies based on the strength of their profitability, risk, analyst recommendations, dividends, earnings, institutional ownership and valuation.

Profitability This table compares ams-OSRAM and Lattice Semiconductor’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets ams-OSRAM -3.76% 6.11% 0.96% Lattice Semiconductor 0.59% 5.60% 4.69% Insider & Institutional Ownership 98.1% of Lattice Semiconductor shares are owned by institutional investors. 1.8% of Lattice Semiconductor shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Risk and Volatility ams-OSRAM has a beta of 1.04, meaning that its stock price is 4% more volatile than the S&P 500. Comparatively, Lattice Semiconductor has a beta of 1.66, meaning that its stock price is 66% more volatile than the S&P 500.

Earnings & Valuation This table compares ams-OSRAM and Lattice Semiconductor”s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio ams-OSRAM $3.76 billion 0.26 -$147.08 million ($0.71) -6.85 Lattice Semiconductor $523.26 million 25.33 $3.08 million $0.02 4,842.00 Lattice Semiconductor has lower revenue, but higher earnings than ams-OSRAM. ams-OSRAM is trading at a lower price-to-earnings ratio than Lattice Semiconductor, indicating that it is currently the more affordable of the two stocks.

Analyst Ratings This is a breakdown of recent ratings for ams-OSRAM and Lattice Semiconductor, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score ams-OSRAM 1 3 0 0 1.75 Lattice Semiconductor 1 0 13 1 2.93 Lattice Semiconductor has a consensus target price of $102.64, indicating a potential upside of 5.99%. Given Lattice Semiconductor’s stronger consensus rating and higher possible upside, analysts clearly believe Lattice Semiconductor is more favorable than ams-OSRAM.

Summary Lattice Semiconductor beats ams-OSRAM on 13 of the 15 factors compared between the two stocks.

About ams-OSRAM (Get Free Report)

ams-OSRAM AG designs, manufactures, and sells LED and optical sensor solutions in Europe, the Middle East, Africa, the Americas, and Asia/Pacific. The company operates in Semiconductors and Lamps & Systems segments. The Semiconductors segment offers semiconductor-based products and solutions, such as high-performance LEDs, lasers, and optical sensors for automotive, consumer, and industrial and medical technology end markets. The Lamps & Systems segment provides lamps and lighting systems for the automotive, industrial, and medical end markets. The company was formerly known as ams AG and changed its name to ams-OSRAM AG in January 2022. ams-OSRAM AG is headquartered in Premstätten, Austria.

About Lattice Semiconductor (Get Free Report)

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, including the Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products. In addition, the company licenses its technology portfolio through standard IP and IP core licensing, patent monetization, and IP services. It sells its products directly to customers, and indirectly through a network of independent manufacturers' representatives and independent distributors. The company primarily serves original equipment manufacturers in the communications and computing, consumer, and industrial, and automotive markets. Lattice Semiconductor Corporation was incorporated in 1983 and is headquartered in Hillsboro, Oregon.

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Posted by Defense World Staff on Apr 12th, 2026

ams-OSRAM AG Unsponsored ADR (OTCMKTS:AMSSY – Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 1,500 shares changed hands during trading, an increase of 76% from the previous session’s volume of 850 shares.The stock last traded at $6.69 and had previously closed at $4.86.

Analyst Upgrades and Downgrades Several equities research analysts have weighed in on AMSSY shares. Deutsche Bank Aktiengesellschaft downgraded ams-OSRAM to a “hold” rating in a research report on Wednesday, February 11th. Zacks Research raised ams-OSRAM from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, ams-OSRAM has a consensus rating of “Reduce”.

View Our Latest Stock Report on AMSSY

ams-OSRAM Price Performance The company has a current ratio of 1.47, a quick ratio of 1.11 and a debt-to-equity ratio of 2.64. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -9.42 and a beta of 1.06. The stock has a 50-day moving average price of $5.27 and a 200 day moving average price of $5.66.

ams-OSRAM (OTCMKTS:AMSSY – Get Free Report) last posted its earnings results on Tuesday, February 10th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. ams-OSRAM had a positive return on equity of 6.11% and a negative net margin of 3.76%.The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $870.83 million. As a group, equities research analysts expect that ams-OSRAM AG Unsponsored ADR will post 0.67 earnings per share for the current year.

ams-OSRAM Company Profile (Get Free Report)

ams-OSRAM AG is a global technology company specializing in optical solutions, combining the sensor expertise of ams with the lighting heritage of OSRAM. The company develops and manufactures a broad range of high-performance products, including light-emitting diodes (LEDs), laser diode and infrared (IR) emitters, optical sensors, and sensor interfaces. These components are used across a variety of applications to enable advanced illumination, sensing, and imaging capabilities.

The company’s product portfolio serves diverse end markets such as consumer electronics, automotive, industrial, and medical.

Featured Articles Five stocks we like better than ams-OSRAM Receive News & Ratings for ams-OSRAM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ams-OSRAM and related companies with MarketBeat.com's FREE daily email newsletter.

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PREMSTÄTTEN, Austria and MUNICH--(BUSINESS WIRE)--ams OSRAM (SWX:AMS):

Key Performance Figures Q1/26:

Revenues EUR 796 m, 16.5 % adj. EBITDA margin, in/at the upper half/end of guidance range +9 % year-on-year like-for-like growth in the semiconductor core portfolio at constant FX Free cash flow of EUR 37 m (including disposal proceeds) ‘Simplify’ efficiency & transformation program delivered first savings Digital Photonics Strategy Progress:

Augmented Reality smart glasses: full portfolio value proposition outlined, with up to approx. EUR 50 to 100 content per device subject to volume and product lifecycle AI Photonics: development agreement signed with a leading AI data‑center infrastructure partner to advance commercialization of our Digital-Photonics technologies for optical interconnects; product-development initiated Divestment: sale of Entertainment & Industrial lamps business to Ushio Inc. successfully closed; closing of sale of non-optical sensor business to Infineon expected mid-year (unchanged) Outlook Q2/26

Q2/26: Revenues expected EUR 725 m to 825 m; adj. EBITDA margin of 15.5 % +/- 1.5 %, at an assumed EUR/USD exchange rate of 1.17, reflecting a stronger-than-normal seasonal uplift in the semiconductor business, together with the full deconsolidation of the Specialty Lamps business. Comments on FY26

FY26: Outlook unchanged; revenue slightly lower due to divestments and FX; temporary pressure on adjusted EBITDA impacted by transition year 2026 one‑offs; Free Cash Flow above EUR 300 m incl. divestment proceeds, repayment of customer prepayments and a strong reduction of factoring. FY27: a path to positive Free Cash Flow in sight (including net interest and excluding divestments). “We delivered a strong start into the year. Securing a development agreement with a leading commercialization partner for AI photonics solutions for AI data centers marks another important milestone, clearly demonstrating that our transformation to create the leader in Digital Photonics is gaining momentum. At the same time, we are rapidly completing our portfolio to become the decisive enabler for next generation, AI powered augmented reality smart glasses,” said Aldo Kamper, CEO of ams OSRAM.

Q1/26 Business and Earnings Summary

EUR millions (except per share data)

Q1 2026

Q4 2025

QoQ

Q1 2025

YoY

Revenues

796

874

-9 %

820

-3 %

EBITDA margin adj. %1)

16.5 %

18.4 %

-190 bps

16.4 %

+10 bps

EBITDA adj.1)

131

161

-19 %

135

-3 %

Net result adj.1)

-72

35

n.m.2)

-23

n.m.

Diluted EPS (adj., in EUR)

-0.74

0.35

n.m.

-0.23

n.m.

In Q1, group revenues reached EUR 796 million, coming in well within the upper half of the guided range. Revenues declined 9 % quarter-on-quarter, reflecting normal seasonality and the partial deconsolidation of the Specialty Lamps business following its sale to Ushio Inc.

Year-on-year, group revenues decreased slightly due to FX headwinds, the exit of non-core semiconductor activities (“Re-Establish the Base”) and the divestment of the Specialty Lamps business. At a constant EUR/USD exchange rate and on a like-for-like basis, revenues from the core portfolio increased by approximately 8 %.

Adj. EBITDA margin was 16.5 % at the upper end of the guided range, with adjusted EBITDA (adjusted earnings before interest, taxes, depreciation, and amortization) of EUR 131 million.

The Adj. net result amounted to EUR minus 72 million, reflecting higher net financing cost that are strongly driven by a negative valuation change of the call premium embedded in the outstanding Senior Notes besides recurring quarterly transformation-related charges, purchase price allocation and share-based compensation.

Q1/26 - Digital Photonics: Progress Update

Digital Photonics is the core driver of the Company’s long‑term growth strategy, combining advanced, pixelated emitters, sensors and electronics to digitally controlled light emission and optical sensing. This technology enables dynamic lighting, light‑based sensing, projection, directed energy and high‑speed data communication.

In Q1 2026, the Company made further progress in executing its Digital Photonics strategy:

In AI Photonics, advanced highly parallel micro‑emitter array‑based optical interconnects represent a promising growth opportunity for AI data centers. The Company recently demonstrated a prototype and entered into a development agreement with a leading AI photonics industry partner to advance commercialization. These so‑called “slow and wide” optical interconnects offer attractive advantages in power efficiency, thermal management, reliability and system scalability. In Augmented Reality, AI‑enabled smart glasses constitute a major growth opportunity. The Company aims to provide critical system components that enable advanced use cases while improving everyday usability. The Company estimates a total content opportunity of approximately EUR 50 to 100 per smart glass subject to volume and product life cycle. The company is already supplying various portfolio components into smart glasses currently in the market. Q1/26 Cash Generation & Balance Sheet Update

Free cash flow – defined as operating cash flow including net interest paid minus cash flow from CAPEX after grants plus proceeds from divestments – came in positive with EUR 37 million, driven by the cash proceeds from divesting the Specialty Lamps business. A year ago, this figure stood at minus EUR 28 million.

Under its accelerated and comprehensive plan to deleverage its balance sheet (announced 30 April 2025), the company has entered into multiple/various divestment agreements. These include the sale of its Entertainment & Industry (‘Specialty’) Lamps business to Ushio Inc., signed on 29 July 2025, and the divestment of its non-optical mixed-signal sensor business to Infineon, signed on 3 February 2026.

In total, the company expects therefore approx. EUR 670 million proceeds, of which around EUR 90 million were received in early March 2026 following the closing of the Specialty Lamps transaction to Ushio Inc.

EUR millions

Q1 2026

Q4 2025

QoQ

Q1 2025

YoY

FCF (incl. net interest paid, adj.)1)

37

1441)

-74 %

-28

n.m.3)

Cash on hand

1,317

1,483

-11 %

573

+130 %

Net debt

1,071

1,078

-1 %

1,484

-28 %

Kulim-2 SLB (Sale-and-Lease-Back)

454

440

+3 %

430

+6 %

Net debt (incl. SLB)

1,525

1,518

+1 %

1,914

-20 %

OSRAM minority put options2)

495

505

-2 %

570

-13 %

As of 31 March 2026, the company held cash and cash equivalents of EUR 1,317 million.

The net debt position remained broadly stable at EUR 1,071 million at the end of Q1/26, compared to EUR 1,078 million at the end of Q4/25. The equivalent value of the Malaysia sale-and-leaseback (SLB) Malaysia transaction increased by EUR 14 million, reflecting the net effect of quarterly accrued interest and movements in the MYR exchange rate.

At the end of Q1/26, the Group held approx. 88 % of the shares of OSRAM Licht AG.

Q1/26 Business Unit (BU) Results & Industry Update

Semiconductor Business

Semiconductor revenues amounted to EUR 551 million in Q1 2026, compared to EUR 571 million a year ago. The core portfolio continued to grow, supported by custom sensor products that were introduced two years ago, which largely offset the impact from divested or discontinued non‑core activities. On a comparable basis, semiconductor growth was approx. 9 %, adjusting for the EUR/USD headwind (approx. EUR 46 million) and the phased‑out non‑core portfolio.

EUR millions

Q1 2026

Q4 2025

QoQ

Q1 2025

YoY

Opto Semiconductors (OS)

Revenue

327

330

-1 %

336

-3 %

EBITDA margin adj. %

16.8 %

21.9 %

-510 bps

14.7 %

+210 bps

EBITDA adj.

55

72

-24 %

49

+12 %

CMOS Sensors & ASICs (CSA)

Revenue

224

265

-16 %

236

-5 %

EBITDA margin adj. %

10.9 %

16.1 %

-520 bps

13.8 %

-290 bps

EBITDA adj.

24

42

-43 %

32

-25 %

Semiconductors by industry

Automotive

217

219

-1 %

225

-4 %

I&M

156

175

-11 %

141

+11 %

Consumer

178

202

-12 %

206

-14 %

Total Semiconductors (sum)

551

595

-7 %

571

-4 %

Optical Semiconductors (OS)

In OS, the typical seasonal downswing into the first quarter was softer than usual. January started weak, but demand in February and March rebounded meaningfully, consistent with some degree of supply‑chain re‑stocking amid continued macro uncertainty, while short-term ordering patterns remained the norm, especially in automotive. Year-on-year, the positive development is hidden by the weaker USD. Adj. EBITDA decreased to EUR 55 million from EUR 72 million in Q4 reflecting among other items FX headwinds and precious metal prices. Year-on-year, adj. EBITDA improved due to higher production volumes which are masked in revenues by FX headwinds.

CMOS Sensors & ASICs (CSA):

CSA revenues declined to EUR 224 million from EUR 265 million in Q4/25, driven mainly by seasonality across the consumer portfolio. Profitability moved largely in line with revenue fall-through, with adjusted EBITDA at EUR 24 million versus EUR 42 million in Q4/25. Year-on-year, adj. EBITDA came in lower due to higher R&D expenses to fund growth projects and FX headwinds.

Semiconductors industry dynamics

Automotive:

Automotive revenues were broadly stable quarter‑on‑quarter, as the typical seasonal slowdown was largely offset by a modest reacceleration in orders over the course of the quarter, while customers continued to order on very short notice. Year‑on‑year, Automotive declined moderately by 4 % due to FX headwinds. Regionally, China remained the most competitive market amid intense OEM competition, while demand in other regions held up well.

Industrial & Medical (I&M):

I&M revenues decreased quarter‑on‑quarter to EUR 156 million, reflecting normal seasonality — including especially horticulture reaching its typical seasonal low — and a still cautious ordering pattern. Year‑on‑year, I&M increased by 11 %, supported by a continued stabilization across end markets and a gradual recovery in industrial automation and medical equipment demand.

Consumer:

Consumer revenues declined seasonally to EUR 178 million from EUR 202 million in Q4/25, consistent with the typical first‑quarter downturn. Demand for custom products remained solid, while business in the classic sensor portfolio for premium Asian smartphones remained within expectations. Year‑on‑year, revenues decreased only due to the exit of non-core portfolio products and FX headwinds.

Mass market:

Mass market was improving with strong book-to-bill, showing healthy inventory levels, whilst Europe and the Americas delivered relatively stronger performance compared with China.

Lamps & Systems Business (L&S, traditional auto & industrial lamps):

Lamps & Systems accounted for approx. 31 % of Group revenues in Q1/26. Against the backdrop of deconsolidation of one month of the Specialty Lamps revenues, revenues declined by 13 % quarter-on-quarter, broadly reflecting seasonality. The seasonal downturn was partially mitigated by stronger‑than‑usual market‑share gains.

EUR millions

Q1 2026

Q4 2025

QoQ

Q1 2025

YoY

Revenue

244

280

-13 %

249

-2 %

EBITDA margin adj. %

22.8 %

18.2 %

+460 bps

24.5 %

-170 bps

EBITDA adj.

56

51

+10 %

61

-8 %

Adj. EBITDA increased to EUR 56 million from EUR 51 million in Q4 2025, driven by a favorable product mix, strong aftermarket contribution and operational leverage, more than offsetting lower volumes and the one-month deconsolidation effect. As a result, the adjusted EBITDA margin improved sequentially by 460 basis points to 22.8 %.

Guidance for the second quarter 2026

Business guidance

EUR millions

Q2 2026

low

mid

high

Revenue

725

775

825

quarter-on-quarter

-9 %

-3 %

+4 %

EBITDA margin adj. %

14.0 %

15.5 %

17.0 %

For its traditional automotive lamps business, the Company expects a quarter‑on‑quarter revenue decline in line with the typical seasonal pattern of the aftermarket lighting business, combined with the full deconsolidation of the Specialty Lamps business, partially compensated by market share gains as a consequence of a major competitor’s weakness.

For its semiconductor business, the Company expects:

Automotive: strengthening demand as the quarter progresses, while short-term ordering patterns remain the norm. Industrial & Medical: continued gradual market recovery, supported by partial re-stocking. Consumer: a typical seasonal downturn. Overall, the semiconductor business is expected to improve sequentially – reflecting a stronger-than-normal seasonal uplift.

As a result, the Group expects second quarter revenues in a range of EUR 725 to 825 million assuming a EUR/USD exchange rate of 1.17. The impact of the weaker USD on revenues compared to a year ago is of the order of EUR 25 million.

The company expects adj. EBITDA to come in at 15.5 % +/-1.5 % in line with revenue development.

Comments on FY26

Expectations for the full year remain unchanged. In light of the divestments and a weaker USD, the company anticipates a modest year-on-year softening in revenue. Adjusted EBITDA is expected to be negatively affected by various one-off impacts, including effects related to divestments, stranded costs, higher precious-metal prices and other temporary factors.

Free Cash Flow is expected to be above EUR 300 m in FY26 including divestments. Excluding divestments, Free Cash Flow is expected to be significantly negative, mainly due to the reduction of factoring, repayment of customer prepayment and temporary transition effects.

For FY27, the company anticipates a return to positive Free Cash Flow (including net interest, excluding divestments).

Additional Information

Additional financial information as well as a comprehensive investor presentation for the first quarter 2026 is available on the company website.

ams OSRAM will host a press call as well as a conference call for analysts and investors on the first quarter 2026 results on Thursday, 07 May 2026. The conference call for analysts and investors will start at 9:45 a.m. CET and can be joined via webcast. The conference call for journalists will take place at 11:00 a.m. CET.

ams-OSRAM AG Unsponsored ADR (AMSSY) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Key Takeaways nVent Electric reported Q1 EPS of $1.09, up 62.7% YoY, beating estimates by nearly 16%.NVT saw revenues jump 53.5% YoY to $1.24B, driven by strong data center demand and 40% order growth.nVent Electric raised 2026 guidance, projecting up to 28% sales growth and a higher adjusted EPS outlook. nVent Electric plc (NVT - Free Report) reported first-quarter 2026 adjusted earnings of $1.09 per share, which increased 62.7% year over year and beat the Zacks Consensus Estimate by 15.96%.

NVT’s revenues rose 53.5% year over year to $1.24 billion and topped the consensus mark by 12.9%.

The quarter’s outperformance reflected broad-based data center strength, with NVT highlighting record sales, orders and backlog. Notably, backlog ended the quarter at $2.6 billion, while organic orders grew by approximately 40%.

NVT Segment Results Show Infrastructure-Led StrengthSystems Protection delivered net sales of $894.8 million, up 76.1% year over year, including 50% organic growth. Segment income surged 95% to $203.1 million, while return on sales expanded 220 basis points year over year to 22.7%.

Electrical Connections posted net sales of $347.2 million, up 15.3% year over year, with 8% organic growth. Segment income was $84.8 million, essentially flat year over year, and return on sales declined 390 basis points to 24.4%, primarily reflecting inflationary pressures highlighted by management.

nVent Margin Profile Held Up Despite Cost HeadwindsGross profit was $445.6 million, with a gross margin of 35.9% compared with 38.8% in the year-ago quarter. Selling, general and administrative expenses increased to $227.2 million, but improved as a percentage of sales to 18.3% from 20.5% a year ago.

Research and development spending rose to $22.7 million, representing 1.8% of net sales versus 2.2% in the prior-year quarter. Operating income increased 50.5% year over year to $195.7 million, with reported return on sales at 15.8%, while adjusted operating income came in at $248.5 million, translating to an adjusted return on sales of 20.0%.

NVT Cash Generation Improves, Balance Sheet Stays SolidnVent had cash and cash equivalents of $190 million at the end of March 31, compared to $237.5 million as of Dec. 31, 2025. Total debt finished at about $1.6 billion, and management cited net leverage of 1.5x, below its targeted range of 2.0x to 2.5x. Share repurchases totaled $50.4 million in the quarter, while dividends paid were $34.2 million.

Net cash provided by operating activities of continuing operations increased to $89.9 million from $63.9 million in the year-ago quarter. Capital expenditures were $36.1 million, resulting in free cash flow of $53.8 million versus $44.4 million a year ago.
NVT Scales Data Center Capacity and New Products

Management emphasized that data center demand was broad-based across both “gray space” and “white space.” Within gray space, the company cited strength in engineered buildings, enclosures and power connections, while white space growth was led by liquid cooling, along with power distribution units and cable management.

Operationally, the company pointed to investments in capacity and innovation to support elevated demand. The quarter included the launch of 11 new products, and management said new products contributed more than 20 points to sales growth. nVent also noted that its new Blaine, Minnesota, facility began production in the quarter and is expected to ramp through the year. In the data center business specifically, management referenced a mix that is 80% white space and 20% gray space.

NVT Raises 2026 Guidance After Strong Q1 ExecutionFor full-year 2026, nVent raised its outlook and now expects reported sales growth of 26% to 28%, including organic sales growth of 21% to 23%. The Zacks Consensus Estimate for nVent Electric’s 2026 revenues is pegged at $4.54 billion, indicating year-over-year growth of 16.7%.

The company lifted its adjusted earnings outlook to $4.45-$4.55 per share. The Zacks Consensus Estimate for nVent Electric’s 2026 earnings is pegged at $4.15, indicating year-over-year growth of 23.9%.

For the second quarter of 2026, nVent expects reported sales growth of 28% to 30%, with organic sales growth of 23% to 25%.

NVT’s adjusted earnings are expected to be $1.12-$1.15 per share. The Zacks Consensus Estimate for nVent Electric’s second-quarter 2026 revenues is pegged at $1.04, indicating year-over-year growth of 20.93%.

Zacks Rank and Other Stocks to ConsiderCurrently, NVT carries a Zacks Rank #2 (Buy).

Some other top-ranked stocks in the broader Zacks Computer and Technology sector are Broadcom (AVGO - Free Report) , Celestica (CLS - Free Report) and Samsara (IOT - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of Broadcom have gained 21.7% year to date. The Zacks Consensus Estimate for Broadcom’s 2026 earnings is pegged at $11.45 per share, up by a penny over the past 30 days, indicating an increase of 68% year over year.

Shares of Celestica have rallied 41.7% year to date. The Zacks Consensus Estimate for Celestica’s 2026 earnings is pegged at $9.85 per share, up $1.01 over the past seven days, indicating an increase of 62.8% year over year.

Samsara shares have lost 14% year to date. The Zacks Consensus Estimate for IOT’s fiscal 2027 earnings is pegged at 68 cents per share, up 11 cents over the past 60 days, indicating an increase of 21.4% year over year.

May 05, 2026 17:08 ET  | Source: nVent

LONDON, May 05, 2026 (GLOBE NEWSWIRE) -- nVent (NYSE: NVT), a global leader in electrical connection and protection solutions, today announced its participation in the Wolfe Research 19th Annual Global Transportation and Industrials Conference on Tuesday, May 19, 2026. Gary Corona, Chief Financial Officer, will present at 8:35 a.m. ET.

A webcast will be available on nVent’s Investor Relations website at https://investors.nvent.com/events-and-presentations.

About nVent
nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of systems protection and electrical connections solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE. Learn more at www.nvent.com.

nVent, CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE are trademarks owned or licensed by nVent Services GmbH or its affiliates.

Investor Contact
Tony Riter
Vice President, Investor Relations
nVent
763.204.7750
[email protected]

Media Contact
Kevin H. King
Vice President, Global Communications
nVent
763.291.0526
[email protected]

Key Takeaways CSCO, IRM, and NVT are all seeing record results thanks to their roles in the AI buildout. Each sport bullish EPS outlooks, with sales expectations also climbing for each. The 2026 Q1 earnings season is nearing its end for S&P 500 members, with just a small portion yet to report their results. It’s been another period of momentum and strength, with both earnings and revenue growth remaining rock-solid across the board.

So far, several companies have posted notably strong results, including Iron Mountain (IRM - Free Report) , Cisco (CSCO - Free Report) , and nVent Electric (NVT - Free Report) , which each set quarterly sales records and are enjoying momentum thanks to the AI buildout.

Cisco Sees Record Demand With an industry-leading networking portfolio, AI-native security solutions, and operating systems, Cisco is well-positioned to provide the critical infrastructure for the AI era.

Sales of $15.8 billion reflected a record for the company, also exceeding the high end of its prior guidance. The company noted broad-based, record-high demand for its technology, with overall product orders growing by a sizable 35% YoY. Importantly, data center switching orders grew 40% from the year-ago period, underpinning its important role amid the buildout.

Favorable EPS revisions for its current and next fiscal year have helped land it into a Zacks Rank #2 (Buy), with shares also soaring throughout 2026.

Image Source: Zacks Investment Research

nVent Electric SoarsnVent Electric designs, manufactures, markets, installs, and services high-performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings, and critical processes.

Sales of $1.2 billion in nVent Electric’s latest release grew 53% YoY, setting a new company record. The company also reported record orders and an all-time high backlog, underpinned by the favorable demand environment it’s currently in.

Momentum within data center solutions led it to increase its full-year sales and EPS guidance. The stock sports the highly coveted Zacks Rank #1 (Strong Buy), with its current and next year EPS outlook remaining highly bullish.

Image Source: Zacks Investment Research

Iron Mountain Raises GuidanceIron Mountain builds and operates high-security, high-power facilities where they lease space, cooling, and massive electrical capacity to major corporations that need a physical home for their AI servers and data hardware.

The company reported record results across several key performance metrics in its latest release, with record sales of $1.9 billion growing 22% YoY thanks to strong performance across its growth businesses of data center, asset lifecycle management (ALM), and digital.

Iron Mountain is also off to a strong start to the year in data center leasing, leasing 32 megawatts through April. Given the outsized growth and favorable trends of growing data center capacity coming online, the company raised its full-year guidance, adding to the positivity.

Like those above, the EPS outlook for its current and next fiscal years remains nicely bullish, helping support its share momentum.

Image Source: Zacks Investment Research

Bottom Line

All three companies above – Iron Mountain (IRM - Free Report) , Cisco (CSCO - Free Report) , and nVent Electric (NVT - Free Report) – posted rock-solid quarterly results this cycle, delivering record sales and seeing strong momentum thanks to data center trends stemming from the AI buildout.

May 16, 2026 04:20 ET  | Source: nVent

LONDON, May 16, 2026 (GLOBE NEWSWIRE) -- nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced that its Board of Directors has approved a 3-year share repurchase program pursuant to which the Company may repurchase up to $500 million of nVent shares effective on July 23, 2026. The program is in addition to nVent’s existing authorization approved in July 2024, which expires July 23, 2027. nVent has approximately $96 million remaining under the July 2024 authorization. As of March 31, 2026, the company had approximately 162 million common shares outstanding.

The authorization does not constitute a commitment to repurchase shares. The Company may conduct the repurchases through open market purchases, block trades and unsolicited negotiated transactions, pursuant to a trading plan that may be adopted in accordance with Securities and Exchange Commission Rule 10b5-1, or in any other manner that complies with the provisions of the Securities Exchange Act of 1934, as amended.

About nVent

nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of systems protection and electrical connections solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE. Learn more at www.nvent.com.

nVent, CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE are trademarks owned or licensed by nVent Services GmbH or its affiliates.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains statements that we believe to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact are forward looking statements. Without limitation, any statements preceded or followed by or that include the words “targets,” “plans,” “believes,” “expects,” “intends,” “will,” “likely,” “may,” “anticipates,” “estimates,” “projects,” “forecasts,” “should,” “would,” “could,” “positioned,” “strategy,” “future,” “are confident,” or words, phrases or terms of similar substance or the negative thereof, are forward-looking statements. All projections in this press release are also forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Among these factors are adverse effects on our business operations or financial results, including the overall global economic and business conditions impacting our business; the ability to achieve the benefits of our restructuring plans; the ability to successfully identify, finance, complete and integrate acquisitions, including the Electrical Products Group acquisition; competition and pricing pressures in the markets we serve; the impacts of tariffs; volatility in currency exchange rates, interest rates and commodity prices; inability to generate savings from excellence in operations initiatives consisting of lean enterprise, supply management and cash flow practices; inability to mitigate material and other cost inflation; risks related to the availability of, and cost inflation in, supply chain inputs, including labor, raw materials, commodities, packaging and transportation; increased risks associated with operating foreign businesses; risks associated with or arising from military conflicts; the ability to deliver backlog and win future project work; failure of markets to accept new product introductions and enhancements; the impact of changes in laws and regulations, including those that limit U.S. tax benefits; the outcome of litigation and governmental proceedings; and the ability to achieve our long-term strategic operating goals. Additional information concerning these and other factors is contained in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. All forward-looking statements speak only as of the date of this press release. nVent assumes no obligation, and disclaims any obligation, to update the information contained in this press release.

Investor Contact
Tony Riter
Vice President, Investor Relations
nVent
763.204.7750
[email protected]

Media Contact
Kevin H. King
Vice President, Global Communications
nVent
763.291.0526
[email protected]

nVent Electric plc (NVT) Presents at Wolfe Research 19th Annual Global Transportation & Industrials Conference Transcript

Many companies continue to benefit from demand driven by the AI frenzy, particularly in the data center buildout, including nVent Electric (NVT - Free Report) .

nVent Electric Breaks RecordsnVent Electric (NVT - Free Report) designs, manufactures, markets, installs, and services high-performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings, and critical processes.

The stock sports the highly-coveted Zacks Rank #1 (Strong Buy), with its EPS outlook remaining bullish across the board.

Image Source: Zacks Investment Research

Favorable quarterly results that have displayed big growth have helped lead the 2026 share surge, with the company crushing Zacks Consensus EPS and sales estimates in its latest release.

Sales of $1.2 billion in its latest release grew 53% YoY, setting a new company record. Importantly, nVent also reported record orders and an all-time high backlog, underpinned by the favorable demand environment it’s currently in and providing top line visibility for years to come

Key Takeaways NVT delivered 34% organic sales growth in Q1, led by nearly 80% growth in infrastructure sales.Data center demand drove a 40% rise in organic orders and lifted backlog to a record $2.6B.nVent is expanding capacity for liquid cooling and data center products to support future growth. nVent Electric (NVT - Free Report) is benefiting from strong demand for data center infrastructure, which is becoming a major driver of its revenue growth. In the first quarter of 2026, the company reported organic sales growth of 34%, with infrastructure sales rising nearly 80% year over year. Management said data centers were the biggest contributor to growth, helping the company deliver record sales, orders and backlog.

The company is seeing demand across both gray-space and white-space data center applications. In the gray space, growth was driven by engineered buildings, enclosures and power connections. In the white space, liquid cooling, power distribution units and cable management solutions performed well. Management noted that growth was broad-based across the portfolio and supported by demand from hyperscalers, neocloud providers, multitenant operators and distribution partners.

nVent's order trends also remain strong. Organic orders increased about 40% in the first quarter, largely driven by AI data center projects. Backlog reached a record $2.6 billion, rising in the low-double digits sequentially. The company stated that most of its backlog extends beyond 12 months and into 2027, providing visibility into future revenues. Further, in the first quarter, new products added more than 20 percentage points to sales growth, with many of those products tied to data center applications.

To support demand, nVent is increasing capacity across its operations, which should help the company generate more revenue once fully ramped up. The company recently opened its new Blaine, MN, facility and expects production to ramp through 2026. It is also investing in additional capacity for liquid cooling and other data center products.

Overall, the above-mentioned factors show that data center demand is likely to remain an important revenue growth driver for the company. The Zacks Consensus Estimate for nVent Electric’s 2026 revenues is pegged at $4.98 billion, indicating a year-over-year increase of 27.9%.

How Do Competitors Fare Against NVTnVent Electric competes with companies like Vertiv (VRT - Free Report) and Hubbell (HUBB - Free Report) in the electrical and data center markets.

In April 2026, Vertiv completed the acquisition of Strategic Thermal Labs to expand its engineering capabilities in liquid cooling for AI and high-performance computing (HPC) infrastructure. These capabilities are expected to help Vertiv improve the design, testing and performance of liquid-cooled infrastructure. The acquisition is expected to support Vertiv’s broader strategy of helping customers manage increasingly complex AI and HPC infrastructure by combining power, cooling, controls and lifecycle services into an integrated offering.

In May 2026, Hubbell announced that it had entered into an agreement to acquire NSI Industries for $3.0 billion in cash. The acquisition is expected to strengthen Hubbell’s offerings in areas such as light industrial, data center and network infrastructure applications. Here, electrification trends are expected to support Hubbell's growth across the electrical industry, and the acquisition will help Hubbell expand its portfolio of infrastructure-related products for its electrical and utility customers.

NVT's Price Performance, Valuation & EstimatesShares of nVent Electric have skyrocketed 70.6% year to date against the Zacks Electronics - Miscellaneous Components industry’s decline of 4.4%.

nVent Electric YTD Price Return Performance
Image Source: Zacks Investment Research

From a valuation standpoint, nVent Electric trades at a forward price-to-sales ratio of 5.26X, higher than the industry’s average of 4.86X.

NVT Forward 12-Month P/S Ratio
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for nVent Electric’s 2026 and 2027 earnings per share (EPS) implies year-over-year growth of 35.8% and 22.3%, respectively. EPS estimates for both 2025 and 2026 have been revised upward by 4.4% and 6.9%, respectively, over the past 30 days.

Image Source: Zacks Investment Research

nVent Electric currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

I rate nVent Electric a Buy with a $221 price target, reflecting a 35.4% upside from the current price of $162.86. My main growth drivers are higher content per data center megawatt, EPG-driven engineered systems pull-through, power utility infrastructure demand, and margin expansion from scale and mix. I believe these growth drivers support my view that adjusted EPS can move from $4.50 to a 2028 adjusted EPS estimate of $6.20.

© yangphoto / Getty Images

Every dollar of AI capex eventually has to plug into a wall. By the time hyperscalers have signed off on GPU orders, the binding constraint stops being silicon and starts being substations, transformers, and turbines. That is the wager behind Tema Electrification ETF (NASDAQ:VOLT), a thematic fund that ignores AI software entirely and goes straight at the equipment and generation stack feeding the grid.

The math has gotten loud. VOLT is up 40.4% year-to-date through May 4, 2026, against 5.3% for the S&P 500 over the same stretch. One year out, the spread is about 80% for VOLT against 26.7% for SPY. The fund launched in December 2024, which makes long-term comparisons useless, but the post-launch period overlaps exactly with the window when AI power demand became a serious investment narrative.

What VOLT Is Built To Do VOLT’s job is picks-and-shovels exposure to the electrification supercycle. Tema designed it to invest in companies tied to rising electricity demand and the buildout around grid equipment, utilities, nuclear, and other power infrastructure. The top holdings skew toward utilities like NextEra Energy (NYSE:NEE | NEE Price Prediction), electrical equipment makers like Bel Fuse (NASDAQ:BELFB), and Powell Industries (NASDAQ:POWL), and infrastructure services such as Quanta Services (NYSE:PWR). The expense ratio is 75 basis points, on the higher end for thematics but typical for a specialized basket.

The return engine is cyclical. You get paid when long-cycle backlog converts into revenue at expanding margins, when independent power producers sign multi-decade contracts that lock in cash flows, and when nuclear production tax credits and capacity auction prices reprice upward. These companies sell capital equipment with multi-year lead times, so owning them is really a bet on what utilities and hyperscalers commit to through 2030, with quarterly AI headlines as noise around the contract economics.

Does the Strategy Actually Deliver? Take the four names this article centers on. GE Vernova (NYSE:GEV) is the cleanest example. In Q1 2026 the company booked $18.30 billion in orders, up 71% organically, with Electrification alone taking $2.4 billion in data center equipment orders, more than all of 2025. Backlog hit $150 billion at the end of FY 2025. CEO Scott Strazik called it an “electricity investment supercycle.” The stock is up about 65% year to date and about 172% over one year.

Eaton (NYSE:ETN) tells the same story from the electrical side. Q4 2025 produced record segment margins of 24.9% on Electrical Americas sales of $3.51 billion, up 21% YoY, with the Electrical sector backlog up 29% YoY. Constellation Energy (NASDAQ:CEG) closed its Calpine acquisition on January 7, 2026, creating the largest US private-sector power producer at 55 gigawatts, anchored by 20-year PPAs with Microsoft and Meta. Vistra (NYSE:VST) signed 20-year PPAs with Meta for more than 2,600 MW across its PJM nuclear fleet.

What You Are Actually Buying Three tradeoffs sit inside this fund.

Concentration in a hot theme. A thematic basket only works if the theme keeps working. The top holdings span utilities, equipment makers, and pipelines, but they all rhyme on the same thesis. If hyperscaler capex normalizes, the correlation cuts the other way. Valuation and earnings noise. Vistra’s FY 2025 GAAP net income fell to $944 million on an $808 million unrealized hedging loss. These names trade on backlog and PPAs, while the income statements stay bumpy. Higher cost of capital. The 10-year Treasury yield is around 4.4%, near the upper-middle of its 12-month range. Long-cycle equipment and nuclear restarts are duration-sensitive, and Eaton, GE Vernova, and Constellation all have multi-billion-dollar acquisitions to integrate (Boyd Thermal, Prolec GE, Calpine). VOLT fits as a 5-10% thematic sleeve for investors who want direct exposure to the AI power buildout without picking a single utility or equipment name, but the price you pay is concentration in a basket that has already run hard and will reprice fast if data-center demand cools.

Powell Industries, Inc. (POWL) Q2 2026 Earnings Call Transcript

Powell Industries (POWL - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Shares of this energy equipment company have returned +32.6% over the past month versus the Zacks S&P 500 composite's +11% change. The Zacks Manufacturing - Electronics industry, to which Powell Industries belongs, has gained 8.4% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current quarter, Powell Industries is expected to post earnings of $1.49 per share, indicating a change of +12.9% from the year-ago quarter. The Zacks Consensus Estimate has changed +3.7% over the last 30 days.

The consensus earnings estimate of $5.51 for the current fiscal year indicates a year-over-year change of +11.3%. This estimate has changed +0.4% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $6.51 indicates a change of +18.1% from what Powell Industries is expected to report a year ago. Over the past month, the estimate has changed +8.8%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Powell Industries is rated Zacks Rank #2 (Buy).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

In the case of Powell Industries, the consensus sales estimate of $316.6 million for the current quarter points to a year-over-year change of +10.6%. The $1.2 billion and $1.37 billion estimates for the current and next fiscal years indicate changes of +8.7% and +14.1%, respectively.

Last Reported Results and Surprise HistoryPowell Industries reported revenues of $296.61 million in the last reported quarter, representing a year-over-year change of +6.5%. EPS of $1.25 for the same period compares with $1.27 a year ago.

Compared to the Zacks Consensus Estimate of $298.22 million, the reported revenues represent a surprise of -0.54%. The EPS surprise was -6.72%.

Over the last four quarters, Powell Industries surpassed consensus EPS estimates three times. The company topped consensus revenue estimates just once over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Powell Industries is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Powell Industries. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.

On May 11, 2026, Powell Industries Inc POWL shares rose 4.0% to a current price of $322.05. Over the past year, the stock has experienced remarkable volatility, with a 52-week range between $54.75 and $325.94. The recent upward trend has seen the stock appreciate significantly, with year-to-date gains of 203.2% and a staggering 454.9% increase over the past year.

GF Value™ verdict: Current price of $322.05 is 328.3% overvalued compared to the GF Value™ of $75.19.GF Score™ of 81/100 indicates a strong overall performance.Most notable signal: Insiders sold $44.4M of stock in the last three months, with no reported buying activity. Is POWL Overvalued or Undervalued? According to GF Value™, Powell Industries Inc POWL is currently trading at a significant premium, with a price of $322.05 juxtaposed against an estimated fair value of $75.19. This represents an overvaluation of 328.3%, which raises concern regarding the stock's sustainability at current levels. The substantial gap between the current price and the GF Value™ suggests that the stock may lack a sufficient margin of safety for prospective buyers. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.

The GF Valuation label categorizes POWL as "Significantly Overvalued," emphasizing the risks associated with purchasing shares at this inflated price. Investors should be cautious, as the high valuation may not be supported by underlying business fundamentals or future growth prospects, making it susceptible to price corrections.

How Does POWL's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 63.0x 22.7x (5-Year Median) Forward P/E 58.6x N/A The current P/E ratio of 63.0x is significantly above its 5-year median of 22.7x, indicating that the stock is trading at a much higher valuation than its historical norms. This analysis aligns with the GF Value™ verdict, further confirming that POWL is currently overvalued based on its historical performance metrics.

What Does POWL's GF Score™ Tell Us? Metric Rating GF Score™ 81/100 Financial Strength 8/10 Profitability 7/10 Growth 10/10 Valuation 1/10 Momentum 6/10 The GF Score™ of 81/100 signifies a strong overall performance for Powell Industries, with particularly high ratings in Growth (10/10) and Financial Strength (8/10). However, the Valuation rank of 1/10 indicates significant concerns regarding its current market price relative to its intrinsic value. This disparity highlights that, while the company may exhibit strong growth potential and financial stability, its current valuation presents a risk to investors.

What Are Insiders Doing with POWL Stock? Recent insider activity for Powell Industries shows that insiders have sold $44.4 million worth of shares in the last three months, with no buying activity reported. This trend raises questions about the insiders' confidence in the company's future performance and may suggest that they believe the stock is overvalued at its current price. Such selling could also reflect broader concerns about the sustainability of the recent price increases.

What This Means for Investors Based on the GF Value™ assessment, Powell Industries Inc POWL is currently deemed overvalued, with a price of $322.05 significantly exceeding its estimated fair value of $75.19. This overvaluation, coupled with concerning insider selling, suggests that investors should exercise caution when considering an investment in this stock.

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

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

POWL's GF Score™ is 81/100, indicating a strong overall performance, particularly in terms of growth and financial strength.

Is POWL overvalued or undervalued?

POWL is currently overvalued, with a GF Value™ of $75.19 compared to a market price of $322.05, indicating a significant premium.

What is POWL's P/E ratio?

POWL's P/E ratio is 63.0x (TTM), which is substantially higher than its 5-year median of 22.7x, confirming its overvaluation based on historical metrics.

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

POWL surges on strong backlog growth and data center demand, but rising costs and premium valuation may limit near-term upside.

Powell Industries (POWL - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Over the past month, shares of this energy equipment company have returned +10.4%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Manufacturing - Electronics industry, which Powell Industries falls in, has lost 6.1%. The key question now is: What could be the stock's future direction?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

Powell Industries is expected to post earnings of $1.49 per share for the current quarter, representing a year-over-year change of +12.9%. Over the last 30 days, the Zacks Consensus Estimate has changed +3.7%.

The consensus earnings estimate of $5.47 for the current fiscal year indicates a year-over-year change of +10.5%. This estimate has changed -0.3% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $6.84 indicates a change of +25.1% from what Powell Industries is expected to report a year ago. Over the past month, the estimate has changed +14.4%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Powell Industries is rated Zacks Rank #3 (Hold).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For Powell Industries, the consensus sales estimate for the current quarter of $318.25 million indicates a year-over-year change of +11.2%. For the current and next fiscal years, $1.2 billion and $1.46 billion estimates indicate +8.7% and +21.3% changes, respectively.

Last Reported Results and Surprise HistoryPowell Industries reported revenues of $296.61 million in the last reported quarter, representing a year-over-year change of +6.5%. EPS of $1.25 for the same period compares with $1.27 a year ago.

Compared to the Zacks Consensus Estimate of $298.22 million, the reported revenues represent a surprise of -0.54%. The EPS surprise was -6.72%.

Over the last four quarters, Powell Industries surpassed consensus EPS estimates three times. The company topped consensus revenue estimates just once over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Powell Industries is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Powell Industries. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

I am rating Powell Industries (POWL) a Strong Buy because the company sits inside AI power bottleneck. Data centers need more than chips and cooling. They need reliable electrical distribution systems. The main growth drivers are backlog conversion, data center electrical infrastructure, utility grid demand and automation services. I estimate these drivers support $1.65Bn of 2027 revenue. My price target is $374, representing a 38% upside potential from current price $271. I arrive at my PT by using my estimated $7.58 EPS and 49.35x FWD non-GAAP P/E.

Key Takeaways Powell's cost of sales rose 3% in fiscal H1 2026 while SG&A expenses increased 17.9%.POWL's Q2 fiscal 2026 gross margin fell 30 bps and operating margin declined 170 bps.POWL continues facing supply-chain disruptions that are raising costs and causing delays. Powell Industries, Inc. (POWL - Free Report) missed earnings and revenue estimates in the first quarter of 2026 and remains mired in headwinds from high operating costs and expenses.

In fiscal 2025 (ended September 2025), Powell’s cost of sales increased 5.5% year over year to $779.9 million. The cost of sales, as a percentage of revenues, was 70.6% for the period. Selling, general and administrative expenses also rose 12.4% in the same period. The rise was attributable to an increase in raw material costs and higher compensation costs and expenses.

The trend continued in the first six months of fiscal 2026 (ended March 2026), with cost of sales rising 3% year over year, and selling, general and administrative expenses increasing 17.9%. The rise in operating expenses weighed on the company’s margins and profitability.

In second-quarter fiscal 2026, the company’s gross profit margin contracted 30 basis points (bps) to 29.6%, while the operating margin declined 170 bps to 19.4%. It’s worth noting that material costs represented 45% of the company’s revenues in fiscal 2025, 47% in fiscal 2024 and 49% in fiscal 2023.

POWL has also experienced supply-chain disruptions in the utility and commercial sectors in recent quarters that resulted in delays and increased costs. Despite moderation, the persistence of supply-chain issues is likely to continue impacting its margins and profitability in the quarters ahead.

Peers’ Margin PerformanceAmong its major peers, EnerSys (ENS - Free Report) is facing cost pressure. In fiscal 2026 (ended March 2026), the company’s cost of sales increased 5.2% year over year, while its operating expenses rose 2%. EnerSys’ gross margin declined 100 bps to 29.2% in the year.

Franklin Electric Co, Inc.’s (FELE - Free Report) cost of sales rose 11.7% year over year in first-quarter 2026. The company’s SG&A expenses also increased 2.8% year over year. Franklin Electric’s gross margin declined 10 bps to 9.6% in the quarter.

POWL’s Price Performance, Valuation and EstimatesShares of Powell have surged 64.5% in the past three months against the industry’s decline of 0.4%.

Image Source: Zacks Investment Research

From a valuation standpoint, POWL is trading at a forward price-to-earnings ratio of 45.86X, above the industry’s average of 23.43X. Powell carries a Value Score of F.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for POWL’s fiscal 2026 (ending September 2026) earnings has inched down 0.2% over the past 60 days.

Image Source: Zacks Investment Research

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