Shares of Palantir Technologies (PLTR +0.29%) are down 0.5% year-to-date, underperforming the Nasdaq Composite's roughly 14.4% gain. Much of that underperformance reflects the stock's lofty valuation coming into the year -- not a collapse in demand. In fact, Palantir continues to see explosive growth for its artificial intelligence (AI) platform.
Revenue growth has accelerated in every quarter since mid-2023, and the most recent period showed 93% year-over-year growth. With the stock rebounding after strong earnings, the question is whether it is still worth buying.
Image source: Palantir Technologies.
Palantir's security edge is driving outsize growth Investors are bidding up shares after earnings because Palantir is demonstrating that it could become one of the world's leading software companies with high profit margins. Palantir credited the quarter's growth to its focus on security and the protection of customer data. As businesses feed more data into AI models, retaining control of sensitive information has become a core requirement. CEO Alex Karp summed it up this way: "Their competitive advantage should never become the training data for future models."
Security has become a key selling point for Palantir's AI tools. In the second quarter, U.S. commercial revenue jumped 149% year over year, while government revenue still grew by a rapid 90%. That momentum shows major U.S. companies are coming to Palantir in a mass wave.
Large enterprises and government agencies trust Palantir with their most sensitive data -- and are willing to pay for it. Palantir posted a 55% net profit margin in the quarter and, over the last year, generated more than $3 billion in net income on about $6.2 billion in revenue.
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Competition and valuation still weigh on the stock Even though other big players like Databricks and Snowflake offer AI-driven data tools, they are not the same as Palantir's. Beyond security, Palantir differentiates itself by building a digital representation of an organization's operations, with engineers working closely alongside customers to solve complex, real-world problems. That hands-on approach is a big reason governments rely on Palantir for mission-critical defense programs.
The bigger issue is valuation. Palantir trades at roughly 50 times estimated 2026 revenue and about 108 times forward earnings. Even if revenue and earnings doubled over the next year, the stock would still carry a sizable premium over most growth peers.
To put that in context, analysts project revenue could exceed $17 billion by 2029, up from $4.4 billion in 2025. At today's roughly $412 billion market cap, that's about 24 times those 2029 estimates -- which is a big premium to pay for results three years in advance.
Buying a small position to start might be the right move for investors who believe Palantir's competitive edge and pricing power will compound into monster long-term growth. But investors should be aware of the valuation risk implied in the share price. If Palantir's growth were to materially slow, it could lead to further underperformance.
Lyft uvedl, že ve 2. čtvrtletí 2026 bylo asi 30 % jízd v Severní Americe spojeno s partnerstvími, což je rekord. Spolupráce v oblasti robotaxi s Waymo a Baidu rozšiřují jeho záběr v USA a Spojeném království.
Key Takeaways Lyft says partnerships linked about 30% of North American rideshare rides in Q2 2026, an all-time high.Robotaxi ties with Waymo and Baidu expand Lyft's AV exposure across the United States and United Kingdom.Lyft's partner-heavy model broadens supply but raises risks around pricing, data and rider relationships. Lyft, Inc. (LYFT - Free Report) is moving beyond its roots as a primarily North American rideshare platform. Autonomous vehicle partnerships, European acquisitions and partner-linked rides are making the company a broader mobility network with more transportation supply across more markets.
The strategy has appeal because Lyft can expand its addressable market without owning every vehicle, taxi fleet or autonomous vehicle (“AV”) system. The risk is control. As more rides come through partners, Lyft must prove it can keep enough influence over pricing, customer relationships and marketplace economics.
Lyft Makes Partnerships Central to Ride GrowthPartnerships are already a meaningful driver of Lyft’s ride activity. In the second quarter of 2026, approximately 30% of North American rideshare rides were linked to a partnership, an all-time high for the company. That model broadens supply without requiring Lyft to own every mobility service directly. The Curb expansion into New York City, the largest taxi market in the United States, reflects the same approach: Lyft is adding transportation options through established, licensed operators rather than building every fleet from scratch.
LYFT Builds Out Its Robotaxi EcosystemLyft is applying the partnership model to autonomous vehicles. In Nashville, the company said fleet operations with Alphabet’s (GOOGL - Free Report) Waymo officially began in June and are running smoothly as Lyft prepares to open an 80,000-square-foot purpose-built AV depot in October.
The Baidu (BIDU - Free Report) relationship gives Lyft another AV option outside the United States. Freenow by Lyft and Baidu’s Apollo Go have started autonomous vehicle testing in London with RT6 vehicles, extending Lyft’s robotaxi exposure into the U.K. market.
Multiple AV partners give Lyft optionality. Waymo strengthens the U.S. robotaxi path, while Baidu adds a European testing and deployment angle. That reduces dependence on a single AV technology provider, although it also makes execution more complex. We believe such moves are likely to boost LYFT's top-line growth.
Lyft Pushes Beyond North AmericaInternational expansion is another part of the mobility shift. Lyft acquired Freenow in 2025, giving it a European multimodal app with taxis at its core and access to local markets outside North America.
The acquisition of TBR Global Chauffeuring added premium ground transportation and chauffeur services, strengthening Lyft’s position in higher-value travel. Lyft also completed acquisitions in the second quarter of 2026, primarily Gett UK, adding further exposure to London’s taxi and ride-hail market.
These deals widen Lyft’s market, but they also add integration and regulatory complexity. Europe’s taxi, private-hire and chauffeur markets are fragmented, locally regulated and operationally different from the U.S. rideshare model.
LYFT’s Hybrid Model Faces Disintermediation RiskLyft’s hybrid strategy may keep the platform relevant as autonomous transportation expands. The company can match riders with human drivers, taxis, private-hire vehicles and AVs depending on availability, market rules and customer preference.
The risk is that robotaxi operators eventually control more of the economics. If AV companies own the vehicles, technology stack and fleet operations, they may push for more control over pricing, data and rider relationships. Lyft’s marketplace gives it distribution, but distribution alone may not guarantee bargaining power if AV supply becomes concentrated.
Lyft’s own disclosures point to that uncertainty. The company’s forward-looking statements cite risks tied to strategic partnerships, AV deployment, macro conditions and whether partnerships materialize as expected.
Lyft’s Technology Leadership Takes on More WeightTechnology execution matters more as Lyft integrates AV fleets, international acquisitions and partner supply. Lyft named Senthil Padmanabhan as chief technology officer, effective July 20, 2026, with responsibility for engineering foundations as AI reshapes technology development.
That appointment comes at a key moment. Lyft’s platform must coordinate more ride types, more geographies and more third-party systems while keeping pricing, routing, reliability and customer experience consistent. The more partnership-heavy the model becomes, the more important the technology layer is to maintaining control.
LYFT’s Scores Temper the Mobility TransformationLyft’s mobility strategy is evolving, but the investment signal remains measured. The company is adding AV exposure, broadening its international reach and using partnerships to expand available transportation supply.
The stock currently carries a Zacks Rank #3 (Hold), indicating that the strategy has not yet translated into a stronger near-term signal. Lyft’s VGM Score of A and Growth and Value Scores of B support the longer-term opportunity, while the Momentum Score of D reflects lingering uncertainty around execution and investor conviction. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Lyft ve 2. čtvrtletí dosáhl rekordních 262,4 milionu jízd a hrubé rezervace vzrostly meziročně o 22,6 % na 5,50 miliardy USD. Pomáhají mu partnerství v AV a Price Lock, ale rizika zůstávají vysoká.
Key Takeaways Lyft's Q2 rides hit a record 262.4M as gross bookings rose 22.6% year over year to $5.50B.Price Lock users took about four more rides monthly, supporting greater Lyft marketplace engagement.Lyft's AV partnerships limit capital needs, but insurance, higher expenses and robotaxi risks remain. Lyft, Inc. (LYFT - Free Report) ) is trying to expand rides, bookings and cash generation without taking on the full development burden of building autonomous vehicle technology in-house. Its strategy combines autonomous vehicle (“AV”) partnerships, pricing tools such as Price Lock and a larger global marketplace.
The investment case remains balanced. Marketplace scale is improving, but insurance obligations, macro volatility, rising expenses and the risk that robotaxi operators reshape pricing and customer relationships keep the near-term setup from looking one-sided.
Lyft’s AV Partnership Model Limits Capital NeedsLyft is integrating autonomous vehicles through partnerships rather than relying only on internally developed AV technology. In Nashville, Lyft’s Flexdrive is supporting Alphabet’s (GOOGL - Free Report) Waymo’s fleet operations, including vehicle maintenance, infrastructure and depot operations, while Waymo’s autonomous vehicles are expected to serve riders alongside Lyft’s broader driver community.
That model supports Lyft’s hybrid marketplace strategy. Management has framed AVs and human drivers as complementary supply sources, with the company focused on matching riders to the best available option instead of replacing the entire driver network at once. Lyft’s second-quarter update also said Nashville fleet operations officially began in June and that the company is preparing to open an 80,000-square-foot AV depot in October.
Lyft’s European AV push follows the same partnership logic. Lyft and Baidu (BIDU - Free Report) announced plans to deploy Baidu Apollo Go autonomous vehicles in Germany and the United Kingdom beginning in 2026, pending regulatory approval, with Lyft owning the marketplace and operational value chain while Baidu provides vehicles, technology validation and technical support.
LYFT’s Price Lock Drives More Frequent RidesPrice Lock gives commuters a way to cap the price of regular rides for a monthly fee. Lyft says the feature lets riders set a route, request a ride within a selected one-hour window and stay protected during peak-hour price surges.
That predictability can increase ride frequency. Participating riders took roughly four more rides per month than before subscribing, showing how a more dependable commute price may improve marketplace engagement.
The feature also helps Lyft address one of rideshare’s biggest frictions: surge pricing. For regular commuters, a capped price can make Lyft feel more like a planned transportation habit than an occasional purchase.
Lyft’s Marketplace Reaches New RecordsLyft’s marketplace reached new records in the second quarter. Gross bookings rose 22.6% year over year to $5.50 billion, while rides increased to a record 262.4 million and Active Riders climbed to a record 30.5 million.
Growth was broad-based. Lyft cited global strength across Freenow by Lyft in Europe, North American rideshare and Lyft Urban Solutions, indicating that the platform is scaling beyond its core U.S. rideshare business.
The 10-Q adds that Active Rider growth was driven primarily by international expansion, improved retention and overall marketplace health. Rides and gross bookings also benefited from international expansion and marketplace health.
LYFT Converts Scale Into Higher EBITDALyft converted that marketplace scale into higher profitability. Adjusted EBITDA rose 36.9% year over year to $177.2 million, while adjusted EBITDA margin expanded to 3.2% of gross bookings from 2.9% in the year-ago quarter.
Cash generation remained a key support. Free cash flow was $319.6 million in the second quarter, and trailing 12-month free cash flow reached $1.11 billion. Net cash provided by operating activities was $349.9 million for the quarter and $1.20 billion over the trailing 12 months.
That cash flow gives Lyft flexibility to invest in product, partnerships and international expansion while still managing balance-sheet commitments.
Lyft’s Growth Comes With Execution RisksLyft’s risk profile is still substantial. Insurance reserves stood at $2.31 billion as of June 30, 2026, up from $2.18 billion at year-end 2025, underscoring the ongoing cost of auto-related obligations.
Debt and expense growth also matter. Lyft had $990.6 million of long-term debt, net of current portion, and accrued current liabilities included $53.3 million of current long-term debt. Sales and marketing expenses rose to $320 million in the second quarter from $190.9 million a year earlier, while general and administrative expenses increased to $301.6 million from $232.3 million.
Macroeconomic and regulatory uncertainty add another layer. Lyft’s 10-Q highlights risks tied to inflation, macro conditions, insurance reserves, pricing methodologies, competition and third-party relationships.
Robotaxi strategy also cuts both ways. Partnerships reduce capital intensity, but AV operators could eventually exert more influence over pricing, rider relationships and supply availability. That raises the execution bar as Lyft expands its hybrid marketplace.
LYFT’s Scores Reflect a Balanced SetupThe bottom line: Lyft’s AV partnerships, Price Lock and record marketplace scale support the growth case, while higher adjusted EBITDA and free cash flow show better operating leverage.
The stock currently carries a Zacks Rank #3 (Hold), which signals patience despite improving operating metrics. Its VGM Score of A and Value and Growth Scores of B support the factor case, but the Momentum Score of D and unchanged four-week earnings estimate temper the near-term signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Micron uvedl, že humanoidní robot potřebuje zhruba 10× více DRAM než běžné vozidlo s asistencí řidiče. Firma čeká, že napjatá nabídka pamětí potrvá i po roce 2027.
Every gold rush produces two kinds of investors: the ones betting on which prospector strikes it rich, and the ones who just sell the picks and shovels. The humanoid robot race has turned into exactly that kind of rush, with dozens of companies — American, Chinese, and everywhere in between — racing to put a walking, talking machine on a factory floor.
Investors keep trying to guess which robot maker wins. That’s the wrong question. The right one is: what does every single robot need, regardless of who builds it or where it ships? The answer is memory, and that points investors toward a company that never shows up in the humanoid robot headlines at all — Micron Technology (NASDAQ:MU | MU Price Prediction).
The Robot Race Nobody Can Handicap Figure AI‘s Brett Adcock announced the company’s 1,000th Figure 03 unit on July 23, off a line running at roughly one robot per hour. China’s AgiBot rolled its 15,000th unit off the line in late June — and by its own disclosures, the jump from 5,000 to 10,000 units took just three months. TrendForce’s December 2025 forecast called 2026 the inflection year, projecting 50,000 humanoid shipments, up more than 700% from 2025.
Forbes says reality outpaced even that. Smart Analytics Global’s newest report puts global shipments at 19,100 units in the first half of 2026 alone – up 272% year over year — with the full year now tracking toward 60,000 units and 500,000 by 2030. Chinese vendors built 97% of them, and Chinese buyers absorbed 85% of demand.
Meanwhile, the most documented American deployment — Figure’s fleet at BMW‘s Spartanburg plant — ran eleven months, helped build 30,000 X3s, and was retired in November for a newer model.
That’s the trap: China currently owns the volume, and picking the eventual global winner among Figure, AgiBot, Unitree, Tesla (NASDAQ:TSLA), and a few hundred others is genuinely unknowable this early.
Only three companies make DRAM at scale: Micron, Samsung, and SK Hynix (NASDAQ:SKHY). Mehrotra said on that same call Micron has no line of sight to supply catching up with demand, with tightness persisting beyond 2027. Granted, 50,000 or even 500,000 robots’ worth of DRAM is negligible compared to data center consumption — a hyperscaler’s data center can have between 10 million and 20 million individual DRAM silicon chips.
But that demand arrives after data centers have already claimed most of the available supply — and the training behind these fleets runs in data centers too, scaling with fleet size rather than chip count per unit. This thesis doesn’t require any of the predictions to land exactly; it just needs shipments to keep growing at the torrid pace companies are already announcing, while new fab capacity takes years to come online.
SK Hynix and Samsung have committed roughly $870 billion combined toward new capacity, but SK Hynix’s first new fab doesn’t open a clean room until February 2027, and Micron’s newly approved capacity doesn’t arrive until 2028.
Key Takeaway Investors don’t need to guess whether Figure, AgiBot, or Unitree wins the humanoid race. Every winner buys DRAM from one of three suppliers, and Micron trades at a fraction of the market’s growth multiple while supply stays structurally tight into 2028. That’s a memory trade, not a robotics bet — and it’s the more durable way in.
Contact [email protected] for any questions or corrections.
Microsoft, Amgen a Marriott International potvrdily blížící se ex-dividendní data, takže kdo chce získat nejbližší dividendu, musí akcie koupit už před nimi. Microsoft vyplatí 0,91 USD na akcii, Amgen 2,52 USD a Marriott 0,73 USD.
Three well-known dividend payers have confirmed ex-dividend dates landing in the next several trading sessions, which means the window to buy shares and capture the upcoming payments is measured in days, not weeks. To collect the cash, an investor has to be on the books before the ex-date arrives. Once it passes, that specific payment goes to the prior holder.
Quick mechanic: the ex-dividend date is the cutoff. You must own shares before that date to receive the payment. The pay date is when the cash actually hits the account, typically a few weeks later.
Microsoft (MSFT) Microsoft (NASDAQ:MSFT | MSFT Price Prediction) is a modest yielder at roughly $3.64 per share annualized, but the upcoming payment is confirmed and imminent. The next quarterly dividend of $0.91 per share carries an ex-dividend date of August 20, 2026, with a payment date of September 10, 2026. The last day to buy and still qualify is August 19, 2026.
Coverage here is rock solid. Microsoft posted FY26 diluted EPS of $17.28 against an annualized dividend of $3.64, and free cash flow of $66.99 billion more than covers the payout. Microsoft raised the quarterly rate from $0.83 to $0.91 starting with the February 2026 payment, extending a multi-year streak of increases. The stock closed at $503.17, up 31.41% over the past month on strong post-earnings momentum. Yield is small, but the dividend is arguably the safest on this list.
Amgen (AMGN) Amgen (NASDAQ:AMGN) is the heavy hitter on absolute payout. The next quarterly dividend of $2.52 per share has a confirmed ex-dividend date of August 21, 2026, with payment scheduled for September 11, 2026. The buy-by deadline is August 20, 2026. Forward annualized dividend sits at $10.08 per share, materially higher than the S&P 500 average.
Coverage against earnings is comfortable but tighter than Microsoft’s. FY2026 non-GAAP EPS guidance runs $21.70 to $23.10, and the $10.08 annual dividend fits inside that range with room for reinvestment and debt paydown. Amgen lifted the quarterly rate from $2.38 to $2.52 in early 2026, a continuation of a multi-year growth pattern. Shares have run to $414.46, up 49.09% over the past year, so the current yield is compressed from where it stood at the start of 2026, but the dividend itself is well underwritten by pipeline cash flow.
Marriott International (MAR) Marriott International (NASDAQ:MAR) rounds out the group. The next quarterly dividend of $0.73 per share carries an ex-dividend date of August 20, 2026, with payment set for September 30, 2026. Investors have to be holders by market close on August 19, 2026. Annualized forward dividend runs $2.92 per share, and management lifted the rate from $0.67 to $0.73 beginning with the Q2 2026 payment.
Coverage is the least strained of the three. FY26 adjusted diluted EPS guidance of $11.64 to $11.81 dwarfs the $2.92 annualized payout, and Marriott has flagged plans to return over $4.5 billion to shareholders in FY26 through dividends and buybacks combined. Shares at $348.87 have pulled back 7.36% over the past month, which nudges the yield modestly higher for anyone buying before the cutoff. This is a cyclical hospitality name, so travel demand is the swing factor, but current cash flow more than clears the dividend hurdle.
The Bottom Line on the Deadline Chasing a single ex-date is a tactic rather than a long-term strategy. A $0.91 payment or a $2.52 payment does not change the long-run case for any of these names. But if you already like the fundamentals, the mechanics matter: miss the ex-date and you miss that specific check. For MSFT and MAR, the last day to buy is August 19, 2026. For AMGN, it is August 20, 2026. Verify with your broker before you execute, and remember that the stock typically opens lower by roughly the dividend amount on the ex-date itself.
Contact [email protected] for any questions or corrections.
Sea Limited po výsledcích vyskočila, ale upravený EPS 0,7 USD zaostal za odhadem 0,83 USD. Firma zároveň zvýšila celoroční výhled upravené EBITDA pro Shopee na 1 miliardu USD, z předchozího minima 881 milionů USD.
Sea Limited (SE) stock soared on Tuesday morning after the tech conglomerate posted better-than-expected Q2 revenue and raised its guidance for the full year.
Management now expects $1 billion in adjusted EBITDA from Shopee – up from a previous floor for $881 million – while expectations for GMV growth have been reaffirmed at 25%.
Still, a deeper dive into the earnings release points to more than a few pockets of weakness, which should make investors consider taking profit in Sea Limited shares that are now up more than 60% versus their year-to-date low.
Caution is warranted in sticking with SE shares at current levels mostly because bullish guidance is masking the adjusted EPS miss.
While revenue went up, earnings came in at $0.7 per share on an adjusted basis, significantly below $0.83 that analysts had called for.
This reveals a key vulnerability: top-line sales growth is requiring meaningfully higher operational expenditures.
Adjusted EBITDA for the quarter ($917 million) actually dropped sequentially from Q1 (just over $1 billion), indicating profit margins are compressing under heavy spending on user acquisition, logistics infrastructure, and AI tools.
Sea's financial services wing, Monee, grew its loan book by 62.5% year-over-year to $11.1 billion.
However, expanding a digital credit portfolio this fast in emerging markets carries elevated default risk; provisions for credit losses surged 71.5% year-over-year to $555.2 million.
A conservative view holds that Sea is basically buying top-line fintech growth by extending looser credit, exposing it to potential non-performing loan spikes if macroeconomic conditions weaken across Southeast Asia or Brazil.
This further makes Sea Limited stock a prime candidate to sell into the post-earnings strength today.
To fend off rivals like TikTok Shop, Lazada, and Temu, Shopee must maintain aggressive spending on subsidized shipping, seller rebates, and marketing.
Management raised Shopee's full-year Adjusted EBITDA guidance to $1 billion, but relative to its massive $38.3 billion in quarterly GMV, net EBITDA margins remain thin.
The core bear case is that e-commerce in Southeast Asia remains a low-margin race to the bottom where pricing power is strictly limited.
Meanwhile, Garena, the gaming segment, continues to act as the primary cash cow funding Shopee and Monee’s expansion.
Bookings came in up 15.5% in those businesses, but the performance remained disproportionately reliant on a single franchise (Free Fire).
Without a clear pipeline for new blockbuster titles, any slowdown in Free Fire’s active user base or monetization would starve the e-commerce and fintech arms of internal capital.
That said, Wall Street analysts rate Sea Limited at Strong Buy, with a bullish mean price target of just over $142.
Coupang je po 2. čtvrtletí pod tlakem kvůli pokutě kolem 410 milionů USD a slabšímu wonu, který srazil vykázaný růst tržeb na +3,9 %. Analytici ale stále vidí průměrný cíl 23,82 USD, tedy asi 47% potenciál.
Coupang currently trades at $16.19, while the average Wall Street price target sits at $23.82. That leaves the stock roughly 47% below where analysts think it should trade. Barclays’ Jiaming Liang carries a $30 Overweight target, implying roughly 85% upside from here.
Coupang (NYSE:CPNG | CPNG Price Prediction) is the dominant e-commerce and logistics operator in South Korea, often called the Amazon of its home market. Its Rocket Delivery network, WOW membership program, and growing Developing Offerings arm (Coupang Eats, Play, fintech, and Farfetch) have made it a favorite of growth investors betting on Asia consumer digitization.
The gap between price and target now sits among the widest in large-cap internet retail.
A $410 Million Fine, a Data Breach, and a Currency Problem The Q2 2026 report snapped the stock. Coupang absorbed ~$410 million in Korean administrative fines from the country’s Personal Information Protection Commission, tied to the November 2025 breach that exposed data on 33 million customers. That charge flipped GAAP operating income to a -$556 million loss, versus a $149 million profit a year earlier.
Currency did the rest of the damage. A weaker Korean Won created a $548 million FX headwind, dragging reported revenue growth to +3.9% even though constant-currency growth was 10%. Free cash flow collapsed 79% year over year, Product Commerce gross margin contracted 204 basis points to 30.5%, and shareholders’ equity fell 36% YoY.
Analysts trimmed targets while keeping Buy ratings: Deutsche Bank upgraded to Buy but cut its target to $21.50, and Bank of America lowered its target to $24.
Why Barclays Is Standing By a $30 Target Bulls argue the quarter looks worse than the business. The fine is one-time. The FX drag is macro-driven. Strip both out, and Coupang is still compounding: constant-currency growth of 10%, Developing Offerings revenue up 20% with gross profit up 32%, and Product Commerce active customers growing at 24.7 million (+3% YoY).
Barclays’ Liang builds the $30 target on four pillars: the Rocket Delivery logistics moat, Taiwan expansion proving the model travels, high-margin advertising, merchant fulfillment, and WOW monetization, and a Farfetch turnaround that removes a cash drag. Morningstar’s Chelsey Tam projects Product Commerce margins to fully recover by mid-2027.
Of 18 analysts, 5 rate CPNG Strong Buy, 8 Buy, 4 Hold, 0 Sell, and 1 Strong Sell. Management is repurchasing 23.2 million shares for $459 million in Q2 under an active $2 billion authorization. The sell side has not blinked on the thesis.
Coupang Is Falling While Its Peers Hold Up This selloff is company-specific. Nothing else in the peer set is down 31% YTD.
MercadoLibre (NASDAQ:MELI) trades at $1,824.34, down 9.4% YTD, against a $2,229.46 target. That is roughly 22% upside, with 20 of 24 analysts at Buy or Strong Buy.
Sea Limited (NYSE:SE) sits at $114.73, down 10% YTD, against a $141.97 target, or about 24% upside. Ratings are almost uniformly bullish, with 27 of 29 analysts at Buy or better.
JD.com (NASDAQ:JD) is the outlier upside, actually up 20.7% YTD to $33.47, with a $39.65 target implying 18% upside. Analysts still lean Buy but the easy money looks made.
Coupang carries the largest implied upside in the group by a wide margin. Either the market is right that Korean regulatory and breach damage is structural, or the peer group is signaling a mispricing.
The Gap Wall Street Is Watching Coupang trades at $16.19 against a $23.82 mean target across 18 covering analysts, an implied upside of roughly 47%. The Barclays high end at $30 pushes that to roughly 85%.
The stock is down 31.37% YTD and 41.8% over the past year. The S&P 500 is up 13.36% YTD and 21.3% over one year. Coupang is trading near its 52-week low of $14.92.
Cheap for a Reason, or Cheap Enough to Own The bull case holds if the Q2 fine was the peak of the regulatory cycle, the Korean Won stabilizes, and Product Commerce margins recover on the mid-2027 timeline management has signaled. Constant-currency growth of 10%, aggressive buybacks at depressed prices, and Taiwan expansion could drive the stock toward the $23 to $30 target zone.
The bear case holds if Developing Offerings losses keep widening from $329 million in Q1, if Seoul regulators find something new to fine, or if card data confirms share loss to rivals. A doubling of short-term borrowings and a 36% drop in shareholders’ equity are balance-sheet moves that turn cheap stocks into value traps.
On balance, the setup leans favorably. The bull thesis has specific catalysts and a defined recovery window. Coupang’s implied upside dwarfs anything else in the peer group. The path will be bumpy, but the risk/reward skew is wider than for peers offering a quarter of the upside.
Contact [email protected] for any questions or corrections.
Šéf Invitation Homes uvedl, že zákaz institucionálních nákupů stávajících domů časem sníží ceny bydlení, ale ne hned. Firma se mezitím soustředí na nové domy určené k pronájmu.
The CEO of Invitation Homes, the nation's largest single-family rental landlord, said he believes the recently passed housing bill that bans investors like him from buying existing homes will eventually lower home prices, but not in the short-term.
"I believe in the medium- to long-term, it definitely will," said Invitation Homes chief executive Dallas Tanner. "I think 90% of the bill focuses on deregulation. How do we simplify capital coming into housing? Are there ways that we can spur up the supply side challenges that we have? I think overnight in the immediate term, it's a bit trickier because there's more to the story than just what the bill addresses."
Tanner pointed to mortgage rate volatility, high construction costs, and zoning and regulatory imbalances.
In early January, President Donald Trump called for a ban on large-scale investors buying single-family homes to rent. He posted on social media that, "People live in homes, not corporations." This was part of a larger push to tackle the affordability crisis in housing. Some argued that institutional investors were pushing owner-occupants out of the market and inflating home prices.
The ban became law in July, preventing investors who own more than 350 homes from purchasing any more existing units. They can, however, buy new single-family homes specifically built for rent. That is where Invitation Homes is leaning in.
"Our focus as an industry and as a company has been, how do we create new supply and bring that into the housing system today? We built or acquired, in our partnerships with builders, over 6,000 new homes in the last five years," said Tanner.
In January, just weeks after Trump's post, Invitation Homes purchase a homebuilder, ResiBuilt. It has also purchased homes from large public builders like Pulte Homes and Lennar to use as rentals.
"We found through trial and error ... that this new product, this beta product, the product that we do amongst these master planned developments — it works really, really well for our families. And so we were indexing on that, and that is part of our growth strategy," said Tanner, adding that the company has been selling off hundreds of its older rental properties.
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The largest investors, those owning more than 1,000 homes, represent less than 3% of the single-family rental market, according to various sources. They do, however, have an outsized footprint in certain metropolitan markets, like Atlanta (representing 25% of single-family homes there), Jacksonville (21%) and Charlotte (18%), according to the Urban institute.
Invitation Homes reported better-than-expected earnings at the end of July, even though rents and demand are not as healthy as they were in the first few years of the pandemic.
"We've seen sort of fundamentals reset. We talked about it on our last earnings call. We're starting to see actual pretty positive green shoots in several of our markets," said Tanner. "But we're really focused on — how do we navigate this and what does this mean?"
Cardinal Health, Inc. (CAH) Q4 2026 Earnings Call August 11, 2026 8:30 AM EDT
Company Participants
David Frost - Vice President of Finance, Global Operations & Supply Chain
Jason Hollar - CEO & Director
Aaron Alt - Chief Financial Officer
Conference Call Participants
Erin Wilson Wright - Morgan Stanley, Research Division
Elizabeth Anderson - Evercore ISI Institutional Equities, Research Division
Lisa Gill - JPMorgan Chase & Co, Research Division
Eric Percher - Nephron Research LLC
Allen Lutz - BofA Securities, Research Division
George Hill - Deutsche Bank AG, Research Division
Stephen Baxter - Wells Fargo Securities, LLC, Research Division
Kevin Caliendo - UBS Investment Bank, Research Division
Lucas Romanski - TD Cowen, Research Division
Eric Coldwell - Robert W. Baird & Co. Incorporated, Research Division
Presentation
Operator
Hello, everyone. Thank you for joining us, and welcome to Cardinal Health, Inc. Fourth Quarter Fiscal Year 2026 Earnings Release. [Operator Instructions]
I will now hand the conference over to David Frost, Vice President of Investor Relations. Please go ahead.
David Frost
Vice President of Finance, Global Operations & Supply Chain
Good morning. Welcome to Cardinal Health's Fourth Quarter Fiscal 2026 Earnings Conference Call, and thank you for joining us. With me today are Cardinal Health's CEO, Jason Hollar; and our CFO, Aaron Alt. You can find this morning's earnings press release and investor presentation on the Investor Relations section of our website at ir.cardinalhealth.com.
Since we will be making forward-looking statements today, let me remind you that the matters addressed in these statements are subject to risks and uncertainties that could cause our actual results to differ materially from those projected or implied. Please refer to our SEC filings and the forward-looking statement slide at the beginning of our presentation for a description of these risks and uncertainties.
Please note that during our discussion today, the comments will be on a non-GAAP
Key Takeaways Dell Technologies' AI server revenues hit $16.1B, up 757% year over year in fiscal Q1 2027.Dell raised fiscal 2027 AI server revenue guidance to $60B as backlog reached $51.3B.DELL expects traditional server revenues to grow just over 60% in fiscal 2027 amid a broad refresh cycle. Dell Technologies (DELL - Free Report) shares are trading at a premium, as suggested by a Value Score of C. In terms of the forward 12-month price/earnings (P/E), DELL is trading at 21.92X, higher than the broader Zacks Computer and Technology sector’s 21.59X. Dell is trading at a higher multiple compared with peers, including Super Micro Computer’s (SMCI - Free Report) 9.22X, Hewlett Packard Enterprise’s (HPE - Free Report) 14.07X and HP’s (HPQ - Free Report) 10.14X.
DELL Shares Are Trading at a Premium
Image Source: Zacks Investment Research
Technically, Dell Technologies is trading above the 50 and 200-day moving averages (SMAs), indicating a bullish trend.
Is DELL worth buying at current prices? Let’s dig deep to find out.
DELL Shares Ride on AI ProspectsYear to date (YTD), DELL shares have outperformed the broader Zacks Computer and Technology sector, as well as Super Micro Computer, Hewlett Packard Enterprise and HP. Dell returned a whopping 263.7% YTD while the broader sector, Super Micro Computer, Hewlett Packard Enterprise and HP have returned 17.7%, 7.4%, 127.6% and 33.7%, respectively.
DELL Stock’s Price Performance
Image Source: Zacks Investment Research
The company is benefiting from a combination of exceptional AI infrastructure demand, a broader server refresh, exponential storage and data growth, and improving scale economics. Dell’s AI server business is scaling rapidly with AI-optimized server revenue reaching $16.1 billion, up 757% year over year in the first quarter of fiscal 2027. Orders were $24.4 billion, and ending backlog was $51.3 billion. Importantly, the opportunity pipeline continued to grow sequentially and remained multiples of backlog, even after the strong order conversion. Dell consequently raised fiscal 2027 AI server revenue guidance to $60 billion, nearly 2.4 times last year’s reported level.
Dell’s expanding customer base, which now exceeds 5,000 across hyperscalers, neocloud providers, sovereign AI projects and enterprises, provides strong visibility into growth. The company’s management expects fiscal 2027 revenues between $165 billion and $169 billion (up 47% year over year at the midpoint), and non-GAAP earnings of $17.90 per share (plus or minus 25 cents).
Dell believes agentic AI is creating incremental demand for both accelerated and general-purpose compute. Agentic workloads involve sequential tool calls that are better suited to CPUs, meaning AI adoption can stimulate traditional server demand alongside GPU infrastructure. The on-premise AI opportunity is another important tailwind. Dell noted that roughly 83% of enterprise data remains on-premise, while performance, cost and security considerations encourage enterprises to deploy AI closer to their data. That creates opportunities not only for servers but also for Dell’s AI Data Platform and broader data-management portfolio.
DELL’s Expanding Portfolio Aids ProspectsDell is increasingly selling an integrated architecture rather than individual hardware components. The company is offering accelerated and general-purpose compute, networking, storage, data management, software, deployment and services. Dell Management argues that enterprises prefer validated systems rather than having to integrate complex AI infrastructure themselves.
Dell also points to engineering, large-scale deployment capabilities, services/support, financing and its supply chain as competitive advantages. The company has highlighted its ability to bring successive NVIDIA platforms to market quickly and deploy racks into production at customer sites in under 6.5 hours.
A substantial traditional server refresh cycle bodes well for Dell’s prospects. Large enterprises are refreshing compute infrastructure, expanding capacity and seeking greater density and efficiency. The majority of Dell’s installed server base remains on 14th-generation or older systems, suggesting the refresh cycle still has runway. AI inference is also generating incremental demand for general-purpose compute. Accordingly, Dell expects traditional server revenue to grow just more than 60% in fiscal 2027, making growth considerably broader than AI servers alone.
DELL’s Earnings Estimate Revision Shows Rising TrendThe Zacks Consensus Estimate for second-quarter fiscal 2027 earnings is pegged at $4.89 per share, up by a penny over the past 30 days and indicating 110.78% growth from the figure reported in the year-ago quarter.
The consensus mark for fiscal 2027 earnings is pegged at $18.80 per share, up 3 cents over the past 30 days, suggesting 8.52% growth from fiscal 2026’s reported figure.
ConclusionDell Technologies is well positioned to benefit from the rapid expansion of AI infrastructure spending, growing enterprise adoption of agentic AI and ongoing server refresh activity. The company’s record AI backlog, expanding customer base and broad portfolio spanning compute, storage, networking and data management provide solid revenue visibility. Moreover, continued strength in traditional servers and storage should help diversify growth beyond AI-optimized systems.
DELL currently has a Zacks Rank #2 (Buy) and has a Growth Score of A, a favorable combination that offers a strong investment opportunity, per the Zacks Proprietary methodology. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Wynn Resorts ve 2. čtvrtletí překonal odhady díky silnému Macau: upravený zisk činil 1,24 USD na akcii při tržbách 1,86 mld. USD. Wynn Palace zvýšil tržby o 21,1 % a EBITDAR o 28,2 %.
Key Takeaways Wynn Palace revenue rose 21.1%, with EBITDAR up 28.2% and margin expanding to 30.8%.Macau mass table drop increased 5.5% to $3.65 billion, while VIP turnover fell sharply at both properties.Las Vegas and Boston margins weakened as costs rose, while Wynn's UAE project budget increased $600 million. Wynn Resorts, Limited (WYNN - Free Report) reported second-quarter 2026 adjusted earnings of $1.24 per share, topping the Zacks Consensus Estimate of $1.01. Operating revenues of $1.86 billion beat the $1.84 billion consensus mark and rose 6.9% year over year.
The beat was led by Wynn Palace and stronger Macau mass-market activity. Still, weaker property-level profitability in Las Vegas and Boston, along with higher project costs in the UAE, keep the earnings readout balanced rather than uniformly positive.
Wynn Palace Drives Wynn Resorts' Q2 BeatWynn Palace generated operating revenues of $653.4 million, up 21.1% year over year. Adjusted property EBITDAR increased 28.2% to $201.5 million, while the property margin improved to 30.8% from 29.1%.
Casino revenues rose 25.9% to $564.4 million, providing the main lift. With EBITDAR growing faster than revenues and the margin expanding, Wynn Palace was the clearest contributor to the quarter's property-level earnings strength.
WYNN's Macau Mix Shows Mass-Market StrengthCombined Macau Operations mass table drop increased 5.5% to $3.65 billion. Wynn Palace mass table drop rose 3%, while Wynn Macau posted an 8.3% increase, showing that mass-market play advanced at both properties.
VIP activity moved in the opposite direction. Turnover fell 32% at Wynn Palace and 56.4% at Wynn Macau. MGM Resorts International (MGM - Free Report) also reported relatively flat second-quarter revenue at MGM China and a 15% decline in segment adjusted EBITDAR. Las Vegas Sands Corp. (LVS - Free Report) operates an integrated-resort portfolio across Macao and Singapore, making its Macao exposure another relevant industry reference.
Las Vegas Margins Temper Wynn Resorts' QuarterLas Vegas Operations generated $643.2 million of revenues, up modestly from $638.6 million a year earlier. Adjusted property EBITDAR fell 8.3% to $215.2 million, and the margin declined to 33.5% from 36.8%.
Operating expense per day increased 6.2% to $4.50 million as business volumes, contractual wage increases and investments in premium offerings lifted costs. Encore Boston Harbor added to the pressure, with adjusted property EBITDAR down 12.2% to $56.1 million. Consolidated adjusted property EBITDAR margin fell to 30.6% from 31.8%.
UAE Budget Increase Raises WYNN's Execution StakesWynn Al Marjan Island's total project budget increased by about $600 million. Roughly half of the increase reflects regional conflict disruption, higher material and shipping costs and added pre-opening and capitalized interest tied to the longer construction timeline.
The resort is expected to open in September 2027. Wynn's remaining equity contribution for the project is expected to be about $525 million to $650 million. The larger budget raises the cost of execution even as construction and pre-opening work continue.
WYNN's Ratings Reflect a Mixed Earnings SetupThe quarter strengthens the operating case for Macau, but margin contraction and higher development spending leave investors with offsetting signals. The earnings beat alone does not remove the near-term cost and execution risks.
WYNN currently carries a Zacks Rank #3 (Hold). Its Value Score of A, Growth Score of B and VGM Score of B point to favorable value, growth and combined style characteristics, while the Momentum Score of F signals weak momentum. The Zacks Consensus Estimate for the current fiscal year has moved 1.4% lower over the past four weeks, supporting a measured post-earnings view rather than a clear directional call. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Aehr Test Systems roste o 6,1 % po silných výsledcích za 4. fiskální čtvrtletí: tržby 18,84 mil. USD, čistý zisk 1,39 mil. USD a EPS 0,11 USD. Firma zároveň zvýšila výhled tržeb pro fiskální rok 2027 na 130 až 150 mil. USD.
Shares of Aehr Test Systems (NASDAQ:AEHR) are up 6.1% in midday trading Tuesday, extending a torrid summer run in the semiconductor test equipment name. The stock now trades near $116, closing in on its 52-week high of $126.62 after a fresh wave of buying tied to the company’s AI burn-in and silicon photonics story.
Earnings Momentum Keeps Fueling the Rally The move builds on a blowout fiscal Q4 report. Aehr delivered Q4 revenue of $18.84 million, swung back to profitability with net income of $1.39 million, and posted EPS of $0.11 against expectations for a narrow gain. Record Q4 bookings of $60.7 million pushed effective backlog to $100.6 million, giving the company visibility into a much larger fiscal 2027.
Management’s forward outlook is what changed the stock’s ceiling. Aehr guided fiscal 2027 revenue to $130 million to $150 million, implying 160% to 200% year-over-year growth. CEO Gayn Erickson has been clear about the driver: “We are very pleased with the strong momentum in our business across multiple market segments, highlighted by more than $37 million in quarterly bookings and a book-to-bill ratio exceeding 3.5x.” AI processors and silicon photonics testing together accounted for 91% of Q4 revenue, a dramatic mix shift from the silicon carbide-heavy business investors bought two years ago.
The Silicon Photonics Whipsaw Here is where the story gets more complicated, and why the stock has been so volatile. Aehr is now one of the purest public plays on optical interconnects for hyperscale AI, a corner of the market that has been swinging on every headline. On August 4, Aehr announced a follow-on production order from its lead silicon photonics customer for a fully automated FOX-XP multi-wafer system with nine independent WaferPak test blades, expected to ship in the first half of 2027. Erickson framed the order as evidence that silicon photonics is moving “from technology adoption to manufacturing scale-up.”
That announcement sent shares up 57% in the days that followed, and the stock is now up 15.8% over the past week and 46% over the past month. Year to date, AEHR is up an eye-watering 426%. But optical and photonics names have traded in violent back-and-forth patterns all summer, whipsawing on hyperscaler capex commentary, competitive positioning, and shifting expectations for co-packaged optics timelines. With a beta of 3.1, Aehr amplifies every move in the group.
Valuation and Positioning Cut Both Ways The bull case is that backlog now covers roughly 77% of the minimum fiscal 2027 guidance, and while Aehr is expensive, it also has several new ramping markets into the future and has displayed strong recent execution. The bear case has teeth too. The company trades at a price-to-sales ratio of 69. Insiders have been trimming into strength: director Howard T. Slayen sold 20,000 shares at $108.30 on August 4, and Aehr filed an omnibus shelf registration on July 31, signaling flexibility to raise capital.
Wall Street coverage remains constructive. The analyst target price sits at $115, with three buy ratings and one hold. That target is essentially at the stock, meaning further upside now depends on estimates catching up to the fiscal 2027 ramp.
Contact [email protected] for any questions or corrections.
Universal Display za první pololetí vykázala nižší tržby i čistý zisk, ale očekává, že tržby ve druhé polovině roku převýší první polovinu díky uvedení produktů a růstu počtu zákazníků.
Key Takeaways Universal Display posted lower second-quarter and first-half revenue, income and material volumes.OLED expects second-half revenue to exceed the first half as product launches and customer growth develop.New OLED capacity, next-generation technologies and broader applications support long-term growth potential. Universal Display Corporation (OLED - Free Report) has gained 19.7% in the past month, even as second-quarter and first-half results reflected weaker material volumes. Second-quarter revenues fell 11.4% year over year to $152.2 million, while first-half revenues declined 12.9% to $294.4 million. Net income fell 26.6% to $49.4 million in the quarter and 35.2% to $85.3 million in the first half.
The company now expects 2026 revenues to track toward the lower end of its $630-$670 million range. The recent stock advance therefore needs to be weighed against softer near-term demand visibility and the potential for a stronger second half as new OLED capacity ramps and product cycles develop.
Image Source: Zacks Investment Research
Universal Display Gains Momentum Amid Mixed FundamentalsUniversal Display's recent share-price strength contrasts with its first-half operating trend. Material sales fell 14.2% to $149.9 million in the first half, primarily because of lower unit material volume and changes in customer mix. Royalty and license fees declined 9.3% to $135.4 million, while operating income dropped to $96.4 million from $138.2 million.
Management still expects second-half revenue to exceed first-half revenue. It cited product launches and customer forecasts as reasons for expecting broader growth across its customer base. That outlook gives the stock a potential fundamental catalyst, but the company has also acknowledged limited visibility in parts of the consumer electronics supply chain.
OLED Faces Near-Term Demand Visibility ChallengesRising memory costs, supply constraints and higher component costs are weighing on smartphone demand expectations. Universal Display said the 2026 guidance adjustment is driven by lower expected material volume rather than unusual pricing pressure, with customer agreements typically covering about five years and pricing remaining relatively consistent.
China revenue also remains lumpy, and management said customers with greater exposure to the mid- and low-end smartphone market are facing more pressure. These factors could make material volumes and customer purchasing patterns uneven even if the second half follows the company's expected seasonal improvement.
Universal Display Retains Long-Term OLED Growth DriversManagement continues to see OLED expanding beyond smartphones into IT, automotive, TVs and new form factors. OLED penetration in smartphones is already about 65%, according to the call, while IT, automotive and TVs remain in the low single digits. Gen 8.6 manufacturing is also becoming commercial, with Samsung Display and BOE having started mass production and other manufacturers advancing projects.
Universal Display is developing phosphorescent blue, tandem architectures and other next-generation technologies while using artificial intelligence, machine learning and agentic AI to accelerate materials discovery. LG Display (LPL - Free Report) has also showcased tablet-size prototypes incorporating phosphorescent blue in a hybrid tandem structure, providing an industry example of progress toward the technology's commercial use.
Universal Display Still Carries Significant Execution RisksCustomer concentration, cyclical consumer-electronics demand and uneven geographic purchasing remain risks. Universal Display also faces manufacturing cost variables, including fluctuations in iridium prices, although management expects greater operating leverage as plant utilization increases.
The company's second-quarter material gross margin was 50%, down from 61% a year earlier, partly because of an unfavorable product and materials mix. Management expects material gross margins to move back toward historical levels of about 60% in the second half, while total gross margin guidance remains 74% to 76% for 2026.
Universal Display Needs Momentum to Align With FundamentalsThe 19.7 % one-month gain has room to extend only if operating trends begin to support the market's improved sentiment. Higher second-half revenue, broader customer growth and contributions from newly operational OLED fabs could provide that support. Management said some benefit from new capacity is already included in 2026 guidance, with greater potential expected as facilities operate at mass-production scale in 2027 and beyond.
MKS Inc. (MKSI - Free Report) , which supplies process technologies for flexible and rigid OLED manufacturing, offers another Nasdaq-listed reference point for the investment cycle around OLED production. Its exposure is to manufacturing technology rather than Universal Display's materials and licensing model, so it is best viewed as an industry indicator rather than a direct peer.
Momentum Meets a Cautious Zacks ViewUniversal Display carries a Zacks Rank #4 (Sell), with a Value Score of D, Growth Score of F, Momentum Score of C and VGM Score of F. The Momentum Score reflects the stock's recent price trend, while the weaker Value, Growth and VGM Scores point to unresolved fundamental concerns.
The Zacks Style Scores are complementary indicators designed to help evaluate stocks by value, growth and momentum characteristics, while the Zacks Rank places primary emphasis on earnings estimate revisions. A #4 Rank therefore remains a key caution signal even with the stock's recent momentum. For Universal Display, the central question is whether improving OLED capacity, product launches and second-half customer demand can begin to close the gap between share-price performance and earnings fundamentals. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
UWM Holdings čelí vyšetřování možných porušení zákonů o cenných papírech po oznámení výsledků za 2. čtvrtletí 2026, které zahrnovalo čistou ztrátu 451,9 mil. USD a pozastavení čtvrtletní dividendy.
New York, New York--(Newsfile Corp. - August 11, 2026) - Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against UWM Holdings Corporation ("UWM Holdings" or the "Company") (NYSE: UWMC).
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If you are a UWM Holdings investor and have suffered losses, or if you have information that could assist in the UWM Holdings investigation, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (212) 329-8571.
On August 5, 2026, after the close of trading, UWM Holdings issued a press release titled "UWM Holdings Corporation Announces Second Quarter 2026 Results" and reported a "net loss of $451.9 million and adjusted EBITDA of $185.9 million," "a $2.05 billion equity capital investment by Oaktree Capital Management and SFS Group Capital, LLC, a newly formed investment vehicle wholly owned by the Ishbia family," and that "the Company's Board of Directors determined to suspend its quarterly dividend."
During the subsequent earnings call, the Chief Executive Officer ("CEO") stated that "we were over-hedged, if you think of it that way, protecting against the Two Harbors transaction." The CEO further stated that "[w]e don't traditionally hedge our MSRs [Mortgage Servicing Rights]" but "when you're going through and acquiring a company like Two Harbors and a massive MSR book . . . it created a little more risk. So [] we did put a hedge on to protect against that risk and then a lot of things happen[ed] . . . and then obviously, the Two Harbors transaction went away. And so a confluence of events that created a hedge loss."
Following this news, the price of UWM Holdings stock declined from a closing price on August 5, 2026 of $1.84 per share to close at $1.20 per share on August 6, 2026, a decline of $0.64 per share, or by 34.78%, on heavier than average volume.
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United Rentals zvýšila výhled tržeb pro rok 2026 na 17,5–17,8 miliardy USD díky silnější poptávce. Zvedla také odhad upravené EBITDA o 300 milionů USD na 7,975–8,125 miliardy USD.
Key Takeaways United Rentals raised 2026 revenue guidance to $17.5-$17.8 billion on stronger customer demand.URI's Specialty rental revenues jumped 24.8%, while General Rentals grew 6.6% in Q2.United Rentals lifted 2026 gross rental CapEx to $4.85-$5.25 billion as fleet use remains high. United Rentals, Inc. (URI - Free Report) appears to be entering the second half of 2026 with considerable momentum. The equipment rental giant raised its full-year 2026 revenue outlook to $17.5-$17.8 billion from $16.9-$17.4 billion, reflecting stronger-than-expected customer demand and confidence in large projects. Adjusted EBITDA guidance was also lifted by $300 million to $7.975-$8.125 billion.
The underlying rental trends provide reason for optimism. Second-quarter 2026 total equipment rental revenues jumped 12.7% year over year to $3.85 billion. Specialty emerged as a key growth engine, with rental revenues increasing 24.8% to $1.43 billion. General Rentals also delivered healthy growth of 6.6%, while its rental gross margin expanded 70 basis points to 35.8%. Demand is being supported by large projects across diverse end markets. URI highlighted activity involving hospitals, airports and LNG terminals, while data centers continued to contribute to growth. Power posted double-digit industrial growth, with metals and minerals also expanding at a healthy pace.
To capitalize on this demand, URI increased its 2026 gross rental CapEx guidance to $4.85-$5.25 billion. Year-to-date gross rental CapEx already exceeded $2.9 billion, while historically high fleet utilization is prompting further investment.
However, elevated capital expenditure and Specialty margin pressure remain watch items. Still, with strong project visibility, disciplined costs and raised guidance, United Rentals appears well-positioned to test the upper end of its outlook.
United Rentals vs. Gibraltar vs. CRH: Who Has the Stronger Demand Runway?United Rentals appears to have the strongest near-term demand visibility when compared with CRH plc (CRH - Free Report) and Gibraltar Industries, Inc. (ROCK - Free Report) , supported by robust large-project activity and customer backlogs.
CRH enters the second half with favorable demand trends. Second-quarter 2026 revenues increased 6% year over year to $10.8 billion, aided by positive pricing, underlying demand and acquisitions. Its Road Solutions business benefited from project execution and backlog conversion, while transportation, water infrastructure and reindustrialization remain key growth drivers.
Conversely, Gibraltar offers a more mixed picture. Second-quarter 2026 sales surged 64.6%, helped by acquisitions and organic growth, but Agtech backlog declined 34% to $66.2 million due to project timing. Strong quoting activity provides some encouragement, although backlog visibility remains less compelling than URI’s and CRH’s.
Overall, URI appears best positioned for near-term growth, while CRH benefits from broad infrastructure demand. Gibraltar’s outlook hinges more heavily on backlog conversion and project timing.
URI Stock’s Price Performance & Valuation TrendShares of this Connecticut-based equipment rental company climbed 30.8% in the past six months, outperforming the Zacks Building Products - Miscellaneous industry, the broader Zacks Construction sector and the S&P 500 Index.
Image Source: Zacks Investment Research
URI stock is currently trading at a premium compared with the industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 21.49, as the trend lines suggest below.
Image Source: Zacks Investment Research
Earnings Estimate Trend of URIURI’s earnings estimates for 2026 and 2027 have moved upward over the past seven days to $48.55 and $55.71 per share, respectively. The revised estimates for 2026 and 2027 imply year-over-year improvement of 15.4% and 14.7%, respectively.
Image Source: Zacks Investment Research
United Rentals currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Super Micro Computer uvedl více než 60 miliard USD nových objednávek a zvýšil výhled hrubé marže na 15 % až 17 %. Současně ale probíhá nezávislé šetření transakcí spojených s údajným porušením exportních pravidel.
Super Micro Computer, Inc. (NASDAQ:SMCI) has already given the market a preview of its upcoming earnings report, set to be released on Tuesday after market close. The company’s July 21 business update disclosed more than $60 billion in new orders and lifted gross margin guidance to 15%-17%, nearly double the prior 8.2%-8.4% outlook. SMCI shares jumped as much as 24% on the news.
SMCI stock is moving ahead of earnings. See the real-time price action here. For most companies, Tuesday’s report would just confirm those preliminary figures. For Supermicro, “unaudited” carries extra weight.
A History That Makes ‘Unaudited’ RiskyErnst & Young resigned in October 2024, telling the board it could no longer rely on management’s representations. The stock lost roughly a third of its value that session. A delayed 10-K, a Nasdaq non-compliance notice and months of delisting risk followed before BDO USA came aboard in November 2024.
Overdue reports were filed the following February with no restatements. Full Nasdaq compliance wasn’t restored until January 2026.
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That history explains why the current caveat reads differently here than for a peer.
Supemicro’s SEC filing on the July update states the board is conducting an independent review of transactions tied to alleged export-control violations, and that findings could affect forecasts and prior-period results. BDO remains the auditor of record, a firm with an established relationship rather than a fresh hire playing catch-up.
The independent review traces to a Justice Department indictment unsealed in March 2026. Prosecutors charged co-founder Yih-Shyan “Wally” Liaw, Taiwan manager Ruei-Tsang “Steven” Chang, and contractor Ting-Wei “Willy” Sun with diverting roughly $2.5 billion in servers containing Nvidia Corp. (NASDAQ:NVDA) H200 and B200 GPUs to Chinese buyers through Southeast Asian shell companies.
SMCI shares fell 33% the day the indictment surfaced, and Liaw resigned from the board. Supermicro itself was not named as a defendant.
Taiwan’s Keelung District Prosecutors Office opened a parallel probe that has widened steadily. Authorities detained three suspects in May, expanded the investigation to nine people and raided the company’s Taiwan office in late June, then detained two more employees in early July.
On July 28, prosecutors detained an Nvidia employee in a third round of searches, extending scrutiny beyond Supermicro’s own staff, according to Reuters. Shares dropped roughly 8% after the June raid alone, part of a 37% monthly slide, per Benzinga Pro.
None of this touches the financials directly, but it explains why “independent review” language sits inside the same filing as the margin and order numbers. Investors weighing Tuesday’s audited results will want to know whether the board’s inquiry has produced findings that could bleed into guidance, shipment timing or customer relationships ahead.
Backlog, Margins and What’s Left to ProveBacklog conversion is the other open question. Orders have piled up faster than deliveries, a gap management attributes to component shortages and customer data-center readiness rather than softening demand.
Analysts will likely press for a timeline on when that backlog converts to revenue, and whether the export-control review adds friction to shipments in the meantime.
SMCI Stock Price Activity: Super Micro stock was up 1.40% at $31.90 at the time of publication Tuesday. The stock has a 52-week range of $19.48 to $58.78, according to data from Benzinga Pro.
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Photo: Piotr Swat / Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Marathon Petroleum ve 2. čtvrtletí 2026 vykázala upravené EBITDA z rafinace a marketingu ve výši 6,7 mld. USD při 94% využití rafinerií. Dva nové projekty mají přinést návratnost nad investiční hranicí 25 %.
Key Takeaways Marathon Petroleum generated $6.7B in R&M adjusted EBITDA on 94% refinery utilization.Its 112% refining capture rate reflected advantaged crude sourcing and coordinated operations.Two high-return projects are expected to generate returns above MPC's 25% investment hurdle. Marathon Petroleum Corporation (MPC - Free Report) delivered one of its strongest refining quarters in recent years, but the real story extends beyond a favorable refining environment. Management attributed the record performance to disciplined value-chain optimization — integrating crude sourcing, refinery operations, logistics and commercial execution to maximize profitability across every barrel processed.
This strategy helped the company generate $6.7 billion in Refining & Marketing (R&M) adjusted EBITDA during the second quarter of 2026, while the metric reached $ 8.5 billion in total. More importantly, MPC achieved the lowest level of unplanned refinery downtime this decade, highlighting the role of operational reliability in sustaining strong earnings.
The integrated model produced tangible operating benefits. MPC processed nearly 3 million barrels per day during the quarter, with systemwide refinery utilization reaching 94% and Gulf Coast utilization touching 100%. R&M EBITDA reached $24.84 per barrel, supported by crude optimization, improved jet fuel yields and strong domestic and export demand.
The company's refining capture rate climbed to 112%, reflecting its ability to source advantaged crude, optimize feedstocks and align planning, commercial and operational activities across the refining network. Extensive pipeline and logistics infrastructure also limited exposure to higher-priced Brent-linked crude during the Middle East disruptions, preserving margins while competitors faced greater feedstock cost pressure.
Marathon Petroleum also strengthened its competitive position through targeted investments rather than large-scale capacity additions. During the quarter, the company completed two high-return refining projects. The Robinson refinery investment adds roughly 10,000 barrels per day of incremental jet fuel production, while the El Paso project enhances specialty gasoline yields for attractive regional markets. Management expects both projects to generate returns exceeding its 25% investment hurdle, demonstrating how incremental operational improvements can enhance profitability without materially increasing capital intensity.
How Does MPC Compare With Peers?Among independent refiners, San Antonio, TX-based Valero Energy Corporation (VLO - Free Report) continues to emphasize operational excellence through its highly complex refinery system and disciplined cost management. Like Marathon Petroleum, Valero Energy benefits from processing discounted crude grades and maximizing product yields across its integrated refining network. However, Marathon Petroleum's extensive logistics footprint and coordinated value-chain optimization strategy increasingly differentiate its ability to capture additional margin opportunities.
Phillips 66 (PSX - Free Report) is pursuing a similar strategy through refinery optimization and commercial integration while expanding its Midstream and Marketing businesses to improve earnings resilience. Although Phillips 66 has invested heavily in operational efficiency and portfolio optimization, Marathon Petroleum's second-quarter performance suggests its integrated planning, logistics and commercial execution delivered particularly strong margin capture during a volatile refining environment.
Rather than relying solely on supportive refining margins, Marathon Petroleum demonstrated that disciplined execution across its integrated value chain can materially enhance profitability. While refining conditions will inevitably fluctuate, the company's focus on operational reliability, advantaged crude sourcing and high-return refinery improvements may provide a durable competitive advantage through future market cycles.
MPC’s Stock Performance, Valuation and Earnings ProspectsOver the past year, Marathon Petroleum’s stock gained 102%, outperforming the Oil Refining & Marketing sub-industry’s 71.7% increase. However, Valero Energy led the group with a 139% gain, while Phillips 66 advanced 82.4% over the same period.
Image Source: Zacks Investment Research
Marathon Petroleum’s trailing P/E ratio stands at approximately 7.54, below its sub-industry average of 8.61, indicating that the stock appears relatively undervalued from a valuation perspective.
Image Source: Zacks Investment Research
MPC has seen significant upward revisions to its earnings estimates, with the consensus estimates for 2026 and 2027 rising 55.27% and 31.86%, respectively, over the past 60 days.
Image Source: Zacks Investment Research
MPC currently holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
I've been hearing whispers on social media that quantum computing is "the new artificial intelligence," and IonQ (IONQ -0.12%) is one of the names they're considering. Where the stock will be in five years depends less on this summer's rally and more on whether the company can turn today's momentum into a durable, scaled business while the quantum computing hype cycle plays out.
IonQ's August numbers are undeniably impressive. For Q2 2026, the company reported record GAAP revenue of $80.1 million, up 287% year over year and roughly 20% above the midpoint of its own guidance. That made it the strongest quarter in IonQ's history and its fifth straight period of record results, driven by global deployments of its Tempo quantum computers, strong cloud utilization, and broader platform usage. Remaining performance obligations jumped to about $485 million, up nearly 300% from a year ago, and management raised full‑year revenue guidance to $280 million to $290 million, with a goal of 100% organic growth in 2026.
Image source: Getty Images.
IonQ is just getting started At the same time, this is still an early‑stage business under the hood. IonQ posted a GAAP net loss of $1.87 billion in Q2, largely due to a non‑cash charge tied to remeasuring earn‑outs and contingent consideration from the SkyWater acquisition. Adjusted EBITDA stood at negative $120 million, even though cash, equivalents, and investments were a hefty $3.0 billion before the deal and roughly $2.0 billion pro forma. That mix -- rapid revenue growth, big backlog, but large losses and heavy investment -- is exactly what you'd expect from a company trying to build a new computing stack, but it also makes the stock inherently volatile.
What makes IonQ interesting in the "quantum is the new AI" narrative is how directly it ties the two together. CEO Niccolo de Masi has been explicit that the next race is not AI versus quantum, but AI plus quantum working together to accelerate discovery. IonQ's own research on "quantum fine‑tuning" shows that trapped‑ion hardware acting as an energy‑efficient layer on top of classical AI models, with a projected energy break‑even around 34 qubits, speaks directly to AI's power and cost problem.
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On the applications side, IonQ is pushing into quantum security, communications, and sensing -- from ClavisXG multiplexed key distribution to an on‑orbit optical communications network and a TN quantum memory testbed -- while DARPA is tapping it for next‑generation atomic clocks.
Five-year considerations The five‑year question is whether all this turns into a business that looks more like today's AI leaders or more like a perpetual "science project." In my view, the most realistic expectation is somewhere in the middle. If IonQ keeps doubling revenue and expanding its platform, it could be a much larger, more diverse quantum services company by 2031, with production workloads in optimization, materials, and security.
But the stock will likely remain sensitive to delays in fault‑tolerant hardware, competition from larger players, and the inevitable shake‑out when some "quantum is the new AI" promises prove premature.
3 Stocks to Gain From Trump’s Return-to-Office MandateAramark NYSE: ARMK reported fiscal third-quarter organic revenue growth of 9% to $5 billion, while highlighting record client retention, rising new-business wins and early progress in its Aramark Nexus data-center hospitality initiative.
Chief Executive Officer John Zillmer said client retention reached approximately 98%, while fiscal year-to-date new client wins exceeded $1.6 billion, up 51% from the comparable prior-year period. He said growth was broad-based across the company’s U.S. and international operations, with every U.S. sector growing organically aside from an education-related calendar shift.
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3 Compelling Reasons to Keep Aramark Stock on Your RadarThe calendar shift reduced company organic revenue growth by approximately 2 percentage points during the quarter, management said. Aramark expects the education-related impact to be fully recaptured in the fourth quarter.
Revenue Growth Across U.S. and International Segments Food and Support Services U.S. organic revenue rose 8% to $3.5 billion, or more than 10% excluding the calendar shift, according to Zillmer. Education would have posted growth of more than 7% without the timing impact, aided by increased residential meal-plan enrollment, record retention and what management described as its strongest collegiate selling season in recent history.
Sports, Leisure & Corrections also contributed to U.S. growth, supported by Major League Baseball activity and an expanded client portfolio in Major League Soccer and collegiate athletics. The company served 15 FIFA World Cup matches at stadiums it operates during the quarter, with four additional matches occurring after quarter-end. Zillmer said those events produced unprecedented attendance and record per-capita spending.
Aramark also cited higher NHL and NBA playoff activity, including the San Antonio Spurs’ run to the NBA Finals. Recent sports-related client wins included Florida State University Athletics and Texas State Athletics.
In Healthcare+, Aramark continued the rollout of services at Penn Medicine and began mobilizing multiple service lines across RWJBarnabas Health’s 18 locations. Workplace Experience and Refreshments delivered double-digit compounded growth for the 19th consecutive quarter, according to the company.
International organic revenue increased 11% to $1.5 billion, led by Spain, Canada, the United Kingdom and Germany. Concert and festival activity was particularly strong in Europe, while the company served more than 300,000 fans at the Formula One Grand Prix in Barcelona through nearly 100 food and beverage locations.
Aramark International won nearly 200 client-location accounts during the quarter, including remote hospitality work for Discovery Silver Mine in Canada and Codelco’s Chuquicamata and Antofagasta’s Los Pelambres copper mines in Chile.
Profit, Earnings and Cash Flow Operating income increased 18% from the prior-year period to $216 million. Adjusted operating income, or AOI, rose 13% to $261 million, with margins expanding nearly 20 basis points. Chief Financial Officer Jim Tarangelo said the calendar shift reduced AOI by an estimated $20 million; excluding that impact, AOI growth would have been approximately 21%, with nearly 50 basis points of constant-currency margin expansion.
FSS U.S. AOI increased 11%, with margins improving more than 20 basis points. Excluding the calendar shift, management said AOI growth would have been about 22% and margin improvement would have approached 65 basis points. International AOI grew 24%, while constant-currency margins expanded nearly 60 basis points.
GAAP earnings per share were $0.36, and adjusted EPS was $0.52, up nearly 30% year over year. Tarangelo said adjusted EPS growth would have been almost 45% excluding the calendar effect.
Net cash provided by operating activities increased by $41 million, while free cash flow reached $42 million. Subsequent to the quarter’s end, the company repaid $100 million of term loans. Aramark had more than $1.4 billion in cash availability at quarter-end and reiterated its goal of reducing leverage below three times by fiscal year-end.
Nexus Expansion Targets Data-Center Workforce Communities Aramark began operating its first Texas site for a top global hyperscaler late in the third quarter. Zillmer said the scope of the first site increased approximately 40% from original estimates, with expected annual revenue of roughly $140 million. A second site for the same client is being mobilized and is expected to be larger, at approximately $160 million of annual revenue.
The first hyperscaler site was originally expected to support about 3,500 employees, while the second is estimated at 4,000 beds. The company also has an agreement with an AI data-center colocation provider covering five additional sites in varying stages of development. One co-location site, expected to have approximately 4,500 beds, is scheduled to begin mobilizing in the first half of Aramark’s next fiscal year.
Management said the three sites under active mobilization and development could represent $400 million to $500 million of annualized revenue as they ramp through fiscal 2027 and into fiscal 2028. Nexus contributed only a small amount of revenue in the third quarter, while Tarangelo said it is expected to account for roughly 1% of fourth-quarter revenue growth.
Zillmer said Nexus contracts are intended to provide food, retail, housekeeping, facilities management and other hospitality amenities for workers living at remote construction and data-center communities. Tarangelo said the contracts are primarily cost-reimbursable, capital-light and carry margins above the company average.
Outlook Raised for Revenue Growth Aramark raised its fiscal 2026 organic revenue growth outlook to 9% to 10%, citing broad-based momentum and early contributions from the hyperscaler contract. The company reaffirmed projected AOI growth of 12% to 17% and adjusted EPS growth of 20% to 25%.
Management expects accelerated AOI growth and margin expansion in the fourth quarter, though it also noted that record new-business mobilizations will bring startup costs. Tarangelo said newly won accounts in higher education, destinations and healthcare are expected to ramp further in fiscal 2027.
Looking beyond the current year, management said it expects continued margin expansion in the core business of roughly 30 to 40 basis points, with Nexus providing an additional tailwind as the business scales.
About Aramark (NYSE:ARMK)Aramark NYSE: ARMK is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark's offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.
Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Should You Invest $1,000 in Aramark Right Now?Before you consider Aramark, you'll want to hear this.
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The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Ulta Beauty v 1. čtvrtletí fiskálního roku 2026 zvýšila srovnatelné tržby o 5,3 % díky růstu napříč všemi kanály a klíčovými kategoriemi. Firma dál posiluje omnichannel, věrnostní program i digitální služby včetně TikTok Shop, AI a doručení ve stejný den.
Key Takeaways ULTA delivered 5.3% comparable sales growth as all channels and major categories contributed positively.ULTA's loyalty program had nearly 47 million members, supporting personalization and customer insights.TikTok Shop, AI and same-day delivery are expanding Ulta Beauty's digital reach and guest engagement. Ulta Beauty, Inc.’s (ULTA - Free Report) omnichannel model remains an important part of its customer proposition, supported by the company’s diverse assortment, digital convenience and loyalty program. In the first quarter of fiscal 2026, the company delivered 5.3% comparable sales growth, with broad-based performance as all channels and major categories contributed positively to results.
The company highlighted the convenience of its buy anywhere, fill anywhere capabilities, including Buy Online Pickup In Store, as a key driver of e-commerce growth and guest satisfaction. Ulta Beauty is also enhancing digital convenience through expanded same-day delivery via Uber Eats and new Buy Now, Pay Later options through Klarna.
Ulta Beauty’s digital strategy also includes TikTok Shop, which gives the company another way to reach younger consumers and attract new guests. The company sees the platform as complementary to its e-commerce business and a way to bring customers into its broader ecosystem. Meanwhile, its loyalty program grew to nearly 47 million members, up 4% year over year. Ulta Beauty is using this first-party data to improve personalization, understand customer behavior, predict repeat purchases and drive cart conversion.
Additionally, Ulta Beauty is leveraging AI to optimize its business and enhance the guest shopping experience. The company introduced Ulta AI, an online shopping agent focused on discovery, personalization and shopping experiences, with promising initial results. The company is also integrating with leading AI platforms like Google’s Gemini to enable agentic commerce, while remaining focused on leveraging the strengths of its partners to maximize the AI opportunity.
Overall, Ulta Beauty continues to lean on its differentiated omnichannel experience, loyalty program and diverse assortment as it pursues long-term profitable growth.
The Zacks Rundown for ULTAThis Zacks Rank #2 (Buy) company’s shares have gained 6.3% in the past year against the industry’s 7.9% decline.
Image Source: Zacks Investment Research
From a valuation standpoint, ULTA trades at a forward price-to-earnings ratio of 18.02, higher than the industry’s average of 16.27.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for ULTA’s current and next fiscal year earnings implies a year-over-year rise of 12.3% and 11.1%, respectively.
Image Source: Zacks Investment Research
Other Stocks to ConsiderSome other top-ranked stocks have been discussed below:
Five Below, Inc. (FIVE - Free Report) operates as a specialty value retailer in the United States. At present, Five Below carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for FIVE’s current fiscal-year sales and earnings implies growth of 23.9% and 36.1%, respectively, from the year-ago figures. FIVE delivered a trailing four-quarter earnings surprise of 70.1%, on average.
DICK’S Sporting Goods, Inc. (DKS - Free Report) operates as an omni-channel sporting goods retailer primarily in the United States. At present, DKS holds a Zacks Rank of 2.
The Zacks Consensus Estimate for DKS’ current fiscal-year sales and earnings implies growth of 50.4% and 7.9%, respectively, from the year-ago figures. DKS delivered a trailing four-quarter earnings surprise of nearly 1%, on average.
Sally Beauty Holdings, Inc. (SBH - Free Report) operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. At present, SBH carries a Zacks Rank of 2.
The Zacks Consensus Estimate for SBH’s current fiscal-year sales and earnings implies growth of 0.8% and 9%, respectively, from the year-ago figures. SBH delivered a trailing four-quarter earnings surprise of 6.4%, on average.
Shares of AXT (NASDAQ:AXTI) are drifting lower midday Tuesday, changing hands near $74 and roughly flat on the session. The relatively calm day follows a whip saw previous week that saw shares spike and then drop nearly 17% yesterday. Overall, AXT has rebounded from trading down to $36.97 on July 29th’s close.
Looking further back, shares have surged 351% year to date. Traders across the optical complex appear to be de-risking ahead of Lumentum (NASDAQ:LITE | LITE Price Prediction) earnings after the close.
Optical Complex Pauses Ahead of Lumentum AXT’s move so far this week appears to be a sentiment tell rather than a reaction to its own results. AXT supplies indium phosphide (InP) substrates that feed directly into the silicon photonics and high-speed transceiver supply chain that Lumentum and Coherent (NYSE:COHR) sell into. When Lumentum reports tonight, its commentary on 800G modules, optical circuit switches, and co-packaged optics will set the tone for anyone tied to AI datacenter optical connectivity, and that includes AXT’s core InP business.
The setup into tonight is loaded. Lumentum guided fiscal Q4 revenue to $960 million to $1.01 billion with non-GAAP EPS of $2.85 to $3.05 and operating margin of 35.0% to 36.0%. CEO Michael Hurlston flagged an OCS backlog above $400 million and an incremental multi-hundred-million-dollar co-packaged optics order.
Reaction risk cuts both ways. Lumentum has beaten EPS estimates four consecutive quarters, yet last quarter shares still closed down 5% on the day of the print despite the beat, with an intraday range of $902 to $1,014. Over the last five reports, beats have delivered an average day-of move of +7% and a one-week average gain of +15%. That is the whipsaw AXT holders are staring down midday.
Peers Trade Mixed, Coherent Reports Tomorrow Coherent shares also fell 14% yesterday. Wall Street commentary yesterday threw cold water on the potential transceiver ban out of China. Reuters reported on August 5th that the Trump Administration was looking to limit future optical transceivers from the country. That would be good news for domestic companies like Coherent, Lumentum, and Applied Optoelectronics. So, any Wall Street commentary that media reports of the ban are more the Trump Administration negotiating in public before a September summit with President Xi would lead to selling pressure on these names.
A ban is far more complicated for AXT, so those same reports would seem to be positive for the company. Yet, AXT shares fell 17% yesterday. A transceiver ban would provide complications for AXT because the company relies on export licenses from China for its InP sales. If the U.S. were to ban Chinese optical transceivers, China could retaliate by limiting InP exports from the country.
All major optical stocks have been on a tear this year. Coherent is up 76% year to date, and Lumentum is up 121%. Against those runs, AXT’s 351% YTD move stands out, and small pullbacks around sector catalysts are unsurprising after that kind of parabolic rally.
Coherent’s own fiscal Q4 earnings lands tomorrow after the close, per confirmed company timing. Its guidance calls for revenue of $1.91 billion to $2.05 billion and non-GAAP EPS of $1.52 to $1.72. Notably, Coherent flagged plans to double internal InP wafer output by year-end 2026 and more than double it again by 2027. That is a direct read-through to AXT’s substrate demand.
AXT’s Own Numbers Are the Backdrop AXT delivered its own step-function last quarter. Q2 revenue landed at $47.59 million, up 164.8% year over year and beating consensus by 40%, while non-GAAP EPS of $0.19 topped the $0.07 estimate. CEO Morris Young cited “strong customer demand for data center optical connectivity” and a “step-function increase in our revenue.” That narrative rises or falls with what Lumentum and Coherent signal about forward optical demand.
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Vertiv ve 2. čtvrtletí zvýšil čisté tržby o 24 % meziročně a pro 3. čtvrtletí vyhlíží tržby 3,65 mld. až 3,85 mld. USD. Růst táhne poptávka po AI datových centrech.
Key Takeaways Vertiv's Q2 2026 net sales rose 24%, with Americas and APAC sales each climbing 29%. Vertiv expanded global capacity while advancing AC, 800V DC, cooling, and fluid management solutions. Vertiv expects Q3 2026 net sales of $3.65B-$3.85B as AI data center demand supports its growth. Vertiv (VRT - Free Report) is benefiting from the explosive growth in AI-driven data centers, which is fueling robust demand for its power, thermal and infrastructure solutions. The company is benefiting from robust demand across its core markets, particularly in the Americas and APAC regions. In the second quarter of 2026, net sales increased 24% year over year, with the Americas and APAC both growing 29%. EMEA also returned to positive net sales growth.
This broad-based demand is driven by accelerating digital transformation and the expansion of data centers, both of which require Vertiv’s advanced power and thermal management solutions. The company’s strong pipeline and accelerating sales cycles, especially among hyperscalers, enterprise and colocation customers, have underpinned this growth.
The company has rapidly expanded its global manufacturing footprint by adding new capacity in Malaysia, expanding five large plants in the Americas and increasing chiller capacity in EMEA. These investments have enabled Vertiv to deliver increasingly complex data center infrastructure solutions at scale, positioning the company as a leader in supporting next-generation AI data centers.
Vertiv’s differentiated technology portfolio is another pillar of its growth. The company is at the forefront of power architecture evolution, supporting both AC and emerging 800V DC solutions. Collaborations with industry leaders like NVIDIA and Foxconn’s VisionBay AI have resulted in landmark projects, such as Taiwan’s first AI data center featuring NVIDIA GB300 and the world’s first AI data center adopting 800V DC architectures. Vertiv’s advanced cooling and fluid management technologies, including closed-loop systems and PurgeRite NearZero, further set it apart by enabling nearly zero water consumption, a critical advantage for sustainable, high-density AI data centers.
Vertiv’s expanding AI data center footprint and manufacturing capacity signal further upside potential. For the third quarter of 2026, Vertiv expects net sales of $3.65 billion to $3.85 billion.
VRT Suffers From Stiff CompetitionVertiv’s AI infrastructure solutions are facing increasing competition from Super Micro Computer (SMCI - Free Report) and Amphenol (APH - Free Report) . Both companies are expanding their offerings to support high-density, AI-driven data center deployments.
Super Micro Computer expanded its Data Center Building Block Solutions portfolio with 10 precision-engineered rack models designed for high-density AI data centers. Available in 44OU, 48U, 48OU, and 52U configurations, the racks feature factory pre-assembly and modular designs to accelerate deployment and reduce time-to-online. They support advanced liquid-cooling technologies and are certified for static loads exceeding 5,500 pounds. Super Micro Computer highlighted that its global manufacturing operations can produce up to 3,000 advanced racks per month, including 2,000 liquid-cooled units, thereby supporting faster deployment of scalable AI infrastructure worldwide.
Amphenol is benefiting from the surge in demand for AI infrastructure, which has become a transformative force for the company’s growth and market positioning. In the second quarter of 2026, IT datacom represented about 43% of sales and grew 63% organically year over year. This robust performance was driven by accelerating investments in AI data centers and Amphenol’s ability to capture a significant share of this unique interconnect opportunity.
Vertiv’s Share Price Performance, Valuation, and EstimatesVRT’s shares have surged 66.8% year to date compared with the broader Zacks Computer & Technology sector’s 18.1% rise. The Zacks Computers - IT Services industry declined 15.6% over the same period.
VRT Stock Performance
Image Source: Zacks Investment Research
Vertiv stock is trading at a premium, with a trailing 12-month Price/Book of 21.86X compared with the Computer and Technology sector’s 10.76X. VRT has a Value Score of F.
VRT Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 earnings is pegged at $6.64 per share, which has increased 3.58% over the past 30 days. This indicates a 58.10% increase from the year-ago quarter.
Vertiv currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Quanta Services zvýšila výhled tržeb na 39,3–39,7 miliardy USD a upraveného EPS na 16,45–16,95 USD díky rekordnímu backlogu ve výši 53,4 miliardy USD. Akcie PWR za poslední tři měsíce klesly o 13,7 %.
Key Takeaways Quanta's record $53.4 billion backlog reflects strong demand across utility, power and technology.PWR raised 2026 revenue and adjusted EPS guidance on strong results and contributions from acquisitions.Quanta faces inflation, rate uncertainty and project risks despite solid cash flow and liquidity. Quanta Services, Inc. (PWR - Free Report) fell 13.7% in the past three months, underperforming the Zacks Engineering - R and D Services industry, the Zacks Construction sector and the S&P 500 Index.
The near-term prospects of the company are facing hurdles in the form of rising inflation, interest rate uncertainty and potential recessionary conditions, which could affect customer spending and project starts. Management has also maintained a prudent approach to second-half guidance, factoring in potential project slippage and weather-related disruptions.
However, despite these near-term constraints, the mid and long-term growth trajectory of PWR remains solid amid favorable infrastructure project demand trends. Besides a growing backlog, efficient execution capabilities, buyout strategies and the tendency to return to its shareholders are encouraging for investors to make investment decisions for PWR stock.
Moreover, the strong second-quarter 2026 results add fuel to the growing flames of Quanta, reflecting its position of leveraging the multi-year growth opportunities. PWR’s second-quarter 2026 earnings and revenues topped the Zacks Consensus Estimate by 28.9% and 12.1%, and grew year over year by 71% and 41.1%, respectively. Revenue growth and margin performance remained robust across the business, supported by the company’s solutions-based model and “execution certainty” from its self-perform capabilities and craft-skilled workforce. (read more: PWR Q2 Earnings Beat on Electric Strength, 2026 View Raised, Stock Up)
Image Source: Zacks Investment Research
Let’s dive deep into understanding the factors boosting PWR stock’s prospects in the upcoming period.
Favorable Market Trends Supporting Backlog GrowthQuanta is well-positioned to capitalize on robust infrastructure spending across utility, power generation, technology and load center markets. The ongoing expansion of data centers, grid modernization, renewable generation and advanced manufacturing is driving customers to undertake larger, multiyear infrastructure programs. These favorable trends helped drive total backlog to a record $53.4 billion as of June 30, 2026, up 49% year over year from $35.8 billion in June 2025. The increase was broad-based, with Electric Infrastructure Solutions backlog rising year over year to $43.8 billion from $30.3 billion, while Underground and Infrastructure Solutions backlog climbed to $9.7 billion from $5.6 billion.
Management believes the company is still in the early stages of the current demand cycle, with larger utility-generation and technology/load center programs expected to build over the coming years. Strong end-market demand and improved visibility also supported a significant increase in 2026 guidance, with revenues now expected to be $39.3-$39.7 billion compared with the prior expectations of $34.7-$35.2 billion.
Project Execution Abilities & Long-Term ProspectsPWR’s strong project execution capabilities remain a key competitive advantage, supporting both customer retention and long-term growth. It self-performs approximately 80-85% of its work, allowing it to maintain greater control over project execution, schedules and costs. More than 85,000 employees and a deep, craft-skilled workforce provide the expertise required to execute increasingly complex utility, power, technology and load center projects safely, on time and on budget.
Management emphasized that this execution certainty, developed over decades, has helped produce record adjusted EPS for nine consecutive years while encouraging customers to award Quanta additional work. Strong first-half results, improved visibility and rising demand prompted management to increase its 2026 adjusted EPS guidance to $16.45-$16.95 (from the earlier projection of $13.55-$14.25), reinforcing confidence in the company’s long-term earnings trajectory.
Strategic Acquisitions Supporting Organic GrowthQuanta’s acquisition strategy is creating another growth avenue while complementing organic opportunities. Acquisitions of Phalcon, Enerfab, Percheron and PSD expand its electrical, mechanical, fabrication, engineering and front-end capabilities while broadening exposure to data centers, power generation, advanced manufacturing, utilities and other critical infrastructure. The deals also enable Quanta to engage earlier in customer programs and offer more comprehensive solutions.
Management expects the four acquisitions to contribute $1.2-$1.4 billion in revenues and $120-$140 million in adjusted EBITDA in 2026, with their contribution reflected in the raised full-year outlook. Quanta’s focus on strategic and cultural fit should further support sustained growth across its expanding end-market portfolio.
Shareholder Approach & Liquidity PositionQuanta continues to balance growth investments with shareholder returns and financial discipline. In May 2026, its board authorized a new $1 billion stock repurchase program, while the company maintained its quarterly cash dividend at 11 cents per share, demonstrating its commitment to returning capital alongside funding strategic opportunities. At the same time, PWR’s financial position strengthened despite substantial acquisition spending. Its debt-to-EBITDA ratio improved to 1.7 from 1.95 at the end of 2025, while total liquidity stood at approximately $2.8 billion at the end of the second quarter of 2026.
Strong cash generation provides additional flexibility, with management raising 2026 free cash flow guidance to $2-$2.5 billion. This combination of liquidity, improving leverage, cash generation and disciplined capital allocation gives Quanta capacity to pursue acquisitions, invest in growth and continue returning capital to shareholders.
Earnings Estimate Revision of PWRPWR’s earnings estimates for 2026 and 2027 trended upward in the past seven days to $16.11 per share and $18.66 per share, respectively. The revised estimates for 2026 and 2027 imply year-over-year growth of 49.9% and 15.8%, respectively.
Image Source: Zacks Investment Research
Competitive Position: Quanta vs. EMCOR, Dycom & SterlingQuanta appears to hold a competitive edge over EMCOR Group, Inc. (EME - Free Report) , Dycom Industries, Inc. (DY - Free Report) and Sterling Infrastructure, Inc. (STRL - Free Report) through its combination of utility, power-generation, communications and mission-critical infrastructure exposure.
EMCOR delivered record second-quarter 2026 revenues of $5.15 billion, up 19.8%, supported by electrical and mechanical construction demand, including data centers. Its strength is concentrated in building and energy-related infrastructure. Dycom offers a stronger direct communications-infrastructure comparison. Its latest first-quarter fiscal 2027 results showed revenues rising 56.1% to $1.97 billion, while backlog increased 46.5% to $11.9 billion, supported by robust communications demand. Sterling posted exceptional second-quarter 2026 growth, with revenues increasing 90% to $1.17 billion, driven by a 192% surge in E-Infrastructure revenues.
Overall, Quanta’s edge is its larger scale, diversified utility exposure, 80-85% self-perform model and ability to participate across the broader electrification and communications infrastructure cycle, giving it greater end-market breadth than EMCOR, Dycom and Sterling.
PWR Stock’s Premium ValuationPWR stock is currently trading at a premium compared with the industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 37.41, as evidenced by the chart below.
Image Source: Zacks Investment Research
Can PWR Stock Maintain Its Growth Streak?Quanta appears well-positioned to regain its momentum despite a recent stock performance decline in the past three months. Robust execution capabilities and growing public demand trends, with a backlog of $53.4 billion, provide substantial revenue visibility. Besides, its raised 2026 revenue and adjusted EPS guidance reflects management’s confidence in sustained infrastructure spending.
Quanta’s skilled workforce and strategic acquisitions further strengthen its competitive position across utility, power generation, data centers and advanced manufacturing. Improving liquidity, lower leverage, higher free cash flow guidance and a new $1 billion repurchase authorization also support shareholder value.
Although inflation, interest-rate uncertainty, potential project delays and its premium valuation warrant caution, upward earnings estimate revisions reinforce the bullish case. Thus, with a Zacks Rank #1 (Strong Buy), PWR stock appears attractive for investors seeking long-term infrastructure growth, and its strong backlog and execution capabilities should support an outperformance in the upcoming period. You can see the complete list of today’s Zacks #1 Rank stocks here.
Delek US ve 2. čtvrtletí vykázal upravený zisk 5,48 USD na akcii, výrazně nad odhadem 2,21 USD, díky silným rafinérským maržím. Čisté tržby vzrostly meziročně o 47,8 % na 4,1 miliardy USD.
Delek US Holdings, Inc. (DK - Free Report) reported second-quarter 2026 adjusted earnings of $5.48 per share, surpassing the Zacks Consensus Estimate of $2.21 by 148%. The bottom line also improved from the year-ago adjusted loss of 56 cents, supported by stronger year-over-year performance across both segments.
Brentwood, TN-based oil and gas refining and marketing company’s net revenues increased 47.8% year over year to $4.1 billion, beating the Zacks Consensus Estimate of $3 billion by 34.8%. This was due to better-than-expected performance from the refining and logistics segments, which exceeded our consensus marks by 37.24% and 29.57%, respectively.
Delek US Holdings, Inc. Price, Consensus and EPS Surprise
Delek US Holdings, Inc. price-consensus-eps-surprise-chart | Delek US Holdings, Inc. Quote
The strong quarterly performance was primarily supported by higher refining margins amid increased crack spreads. Total refining throughput averaged 315,555 barrels per day. Adjusted EBITDA increased to $638.7 million from $177.9 million a year earlier. Moreover, the reported figure beat our estimate of $72 million.
DK’s Refining Performance ImprovesRefining segment net revenues, excluding intercompany fees and revenues, increased to $3.9 billion from $2.6 billion in the prior-year quarter. The segment reported adjusted EBITDA of $566.2 million compared with $114.8 million a year ago. Moreover, the reported figure beat our estimate of $287.8 million.
The significant year-over-year improvement was driven by stronger refining margins, supported by higher crack spreads. Delek US’ benchmark crack spreads increased an average of 136% from the prior-year level. Total refining production margin rose to $569.6 million from $231.1 million.
Delek US’ Refining Metrics Remain StrongProduction margin per throughput barrel increased to $19.84 from $8.03 a year earlier. Adjusted refining margin totaled $569.1 million compared with $256.8 million in the year-ago quarter. Crude utilization was 100.2% compared with 100.9% a year ago.
Management highlighted improved performance at the Big Spring refinery following the first-quarter turnaround. The company also has no planned refinery turnarounds for the remainder of 2026, positioning its refining system to capture the current margin environment.
DK’s Logistics Unit Posts Record ResultsThis unit represents Delek US’ majority interest in Delek Logistics Partners (DKL - Free Report) , a publicly traded master limited partnership that owns, operates, develops and acquires pipelines and other midstream assets.
The logistics segment generated net revenues, excluding intercompany fees and revenues, of $179.9 million compared with $132.3 million in the prior-year period. Adjusted EBITDA increased 12.6% year over year to a record $143.5 million. However, the reported figure missed our estimate of $149.4 million.
This improvement reflected higher margins in the wholesale business and increased interest income related to sales-type leases. Delaware Gathering natural gas gathering and processing volumes rose to 80,715 Mcf per day from 60,940 Mcf, while crude gathering volumes increased to 157,156 barrels per day from 137,167 barrels.
Delek US’ Costs Increase in Q2Total operating costs and expenses increased 35.3% year over year to $3.8 billion. Operating expenses, excluding depreciation and amortization, were $220.1 million compared with $209.8 million a year earlier.
General and administrative expenses declined to $56.7 million from $76.6 million. Delek US recorded restructuring costs of $10.9 million during the quarter.
DK’s Cash Flow and Financial PositionCash provided by operating activities was $262.9 million in the second quarter compared with $51.4 million a year ago. The quarter included $137.9 million of unfavorable working-capital changes. Investing activities used $176.2 million, while financing activities resulted in an $82.2 million outflow.
As of June 30, 2026, the company had cash and cash equivalents of $628.6 million and consolidated long-term debt of $3.2 billion, with a debt-to-total capital of about 88.3%. Excluding Delek Logistics, Delek US had $614.9 million in cash and $817 million of long-term debt. During the quarter, DK repurchased $20 million of common stock and paid $15.6 million in dividends.
Delek US Provides Q3 GuidanceFor the third quarter of 2026, Delek US expects throughput of 72,000-77,000 barrels per day at Tyler, 78,000-83,000 barrels at El Dorado, 68,000-73,000 barrels at Big Spring and 78,000-83,000 barrels at Krotz Springs. The implied system throughput target is 296,000-316,000 barrels per day.
On the cost side, this Zacks Rank #2 (Buy) company expects operating expenses of $220-$230 million, general and administrative expenses of $50-$55 million, depreciation and amortization of $110-$120 million and net interest expense of $75-$85 million for the third quarter. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
DK’s Optimization Plan Supports Cash GenerationDelek US’ Enterprise Optimization Plan continues to focus on improving free cash flow. The company expects the program to generate at least $220 million of annual free cash flow improvement, with the majority coming from margin enhancement across refining, logistics and wholesale operations.
Management estimated that the program contributed approximately $60 million to second-quarter results. Delek Logistics also reaffirmed the 2026 adjusted EBITDA guidance of $520-$560 million as it continues advancing the midstream growth and economic separation initiatives.
Important Earnings at a GlanceWhile we have discussed DK’s second-quarter results in detail, let us take a look at two other key reports in this space.
Houston, TX-based oil and gas equipment and services provider Halliburton (HAL - Free Report) posted second-quarter 2026 adjusted net income per share of 55 cents, marginally beating the Zacks Consensus Estimate of 54 cents. The outperformance was backed by year-over-year revenue growth. However, the bottom line was flat compared with the prior-year level.
As of June 30, 2026, Halliburton had approximately $2 billion in cash and cash equivalents and $7.1 billion in long-term debt, representing a debt-to-capitalization of 39%.
Fort Worth, TX-based oil and gas exploration and production company Range Resources Corporation (RRC - Free Report) reported second-quarter 2026 adjusted earnings of 79 cents per share, up 19.7% from 66 cents a year ago. Range Resources’ bottom line topped the Zacks Consensus Estimate of 56 cents by 41.1%. Strong quarterly results are driven by higher production and improved price realization.
The company’s net debt was $880.8 million at June 30, 2026, down 28% from $1.22 billion at year-end 2025. Range Resources repurchased $78 million of shares and paid $24 million in dividends during the quarter.
Viper Energy po uzavření akvizice Riverbend zvýšila výhled produkce na rok 2026 na 132 500–135 000 barelů ropného ekvivalentu denně. Riverbend rozšířil její permskou royalty stopu na 90 212 čistých royalty akrů.
Key Takeaways Viper's Riverbend deal lifts its Permian footprint to 90,212 net royalty acres.Viper raises 2026 production guidance as Riverbend adds volumes and organic growth remains strong.Viper's royalty model limits drilling costs, but higher expenses and commodity exposure remain key offsets. Viper Energy, Inc. (VNOM - Free Report) closed the Riverbend acquisition on July 1, expanding its Permian Basin royalty footprint and lifting its 2026 production outlook. The added acreage arrives as development activity across Viper's asset base remains elevated.
The central question is whether that larger inventory can keep volumes rising without weakening the capital-light economics that distinguish the royalty model. Current guidance and visible well activity support the growth case, although a larger expense base and commodity exposure remain important offsets.
Viper's Riverbend Deal Expands Its Growth BaseAfter giving effect to Riverbend, Viper owned about 90,212 net royalty acres in the Permian Basin. The company also had 1,798 gross horizontal wells in active development and 1,589 additional line-of-sight wells as of July 1.
That inventory gives VNOM visibility beyond wells already producing. Active-development wells are expected to be turned to production within roughly six to eight months, while line-of-sight wells may reach production over approximately 15 to 18 months. Diamondback Energy (FANG - Free Report) , Viper's parent, remains a key operator, but third parties accounted for 545 of the 691 gross wells turned to production in the second quarter.
VNOM's Production Outlook Moves HigherViper raised full-year 2026 production guidance to 132,500-135,000 barrels of oil equivalent per day, including oil production of 66,000-67,250 barrels per day. Third-quarter guidance calls for 133,500-135,500 barrels of oil equivalent per day and 67,500-68,500 barrels of oil per day.
Management said the third-quarter outlook includes about 2,000 barrels per day from Riverbend while still implying roughly 1,000 barrels per day of sequential organic growth. It also indicated that activity supports continued organic gains in the second half and modest growth off the 2026 exit rate into 2027.
Image Source: Zacks Investment Research
Viper's Royalty Model Supports Cash ConversionViper does not fund the drilling and completion costs on its royalty acreage. Those expenses are borne by working-interest operators, allowing the company to participate in production growth without the capital spending required of a traditional exploration and production company.
The cost structure remains lean in key cash categories, with 2026 cash general and administrative expense guidance of 70-90 cents per barrel of oil equivalent. Texas Pacific Land Corporation (TPL - Free Report) , another Permian-focused land and royalty owner, reported second-quarter 2026 oil and gas royalty production of 39.7 thousand barrels of oil equivalent per day, offering another example of capital-light exposure to regional development.
VNOM's Bigger Scale Also Raises CostsThe larger producing base carries higher accounting and operating costs. Second-quarter total costs and expenses rose 53.7% to $249 million, while depreciation, depletion and amortization increased to $195 million from $124 million.
Viper expects 2026 depreciation, depletion and amortization of $14.75-$17.25 per barrel of oil equivalent. The key test is whether higher volumes and the low-cash-cost royalty structure can offset that larger expense base, especially if commodity prices weaken.
VNOM’s Earnings Estimates Support the 2026 Growth CaseThe Zacks Consensus Estimate calls for Viper to earn 50 cents per share in the September quarter, up 25% year over year, followed by 51 cents in the December quarter, representing growth of 64.5%. For full-year 2026, the consensus estimate stands at $2.54 per share, implying an 80.1% increase from $1.41 in 2025. These projections complement the company’s higher production guidance following the Riverbend acquisition and suggest that rising volumes could support earnings through the remainder of 2026. However, the 2027 consensus estimate of $2.20 per share points to a 13.3% year-over-year decline, indicating that the current growth pace may be difficult to sustain. The estimate trend therefore supports the near-term production story while keeping the longer-term earnings outlook more measured.
Image Source: Zacks Investment Research
Viper's Signals Keep the Event in PerspectiveRiverbend broadens Viper's development runway and supports higher 2026 guidance, while the active-development and line-of-sight inventory provides additional visibility. The acquisition therefore strengthens the case for continued production growth through 2026, but operator timing, commodity prices and rising costs will influence how effectively that growth converts into earnings and cash flow.
VNOM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It has a Growth Score of A, Momentum Score of A, Value Score of D and VGM Score of B. The A grades point to favorable growth and momentum characteristics, while the D Value Score signals weaker valuation characteristics. The B VGM Score is constructive, but the #3 Rank means the stock does not carry one of Zacks' top near-term rankings.
AECOM (ACM) Q3 2026 Earnings Call August 11, 2026 8:00 AM EDT
Company Participants
Will Gabrielski - Senior Vice President of Finance & Investor Relations
W. Rudd - Chairman & CEO
Lara Maria Poloni - President
Gaurav Kapoor - Chief Financial & Operations Officer
Conference Call Participants
Sabahat Khan - RBC Capital Markets, Research Division
Andrew Kaplowitz - Citigroup Inc., Research Division
Andrew J. Wittmann - Robert W. Baird & Co. Incorporated, Research Division
Steven Fisher - UBS Investment Bank, Research Division
Sangita Jain - KeyBanc Capital Markets Inc., Research Division
Jamie Cook - Truist Securities, Inc., Research Division
Adam Bubes - Goldman Sachs Group, Inc., Research Division
Michael Dudas - Vertical Research Partners, LLC
Presentation
Operator
Hello, everyone. Thank you for joining us, and welcome to AECOM's Third Quarter 2026 Earnings Conference Call. [Operator Instructions] I will now hand the conference over to Will Gabrielski, Senior Vice President of Finance and Investor Relations. You may begin.
Will Gabrielski
Senior Vice President of Finance & Investor Relations
Thank you, operator. I would like to direct your attention to the safe harbor statement on Page 1 of today's presentation. Today's discussion contains forward-looking statements about future business and financial expectations. Actual results may differ significantly from those projected in today's forward-looking statements due to various risks and uncertainties, including the risks described in our periodic reports filed with the SEC. Except as required by law, we undertake no obligation to update our forward-looking statements.
We use certain non-GAAP financial measures in our presentation. The appropriate GAAP reconciliations are incorporated into our materials, which are posted to our website. Growth rates are presented on a year-over-year basis unless otherwise noted. Any references to segment margins or segment adjusted operating margins will reflect the performance for the Americas and International segments. When discussing revenue and revenue growth, we will refer to net service revenue, or NSR, which is defined
Aecom ve fiskálním 3. čtvrtletí 2026 oznámil ztrátu 0,50 USD na akcii místo očekávaného zisku 1,51 USD, což poslalo akcie dolů o 5,5 % během úterního dopoledne. Tržby sice dosáhly 3,6 miliardy USD, ale firma uvedla 337 milionů USD předzdaněných nákladů souvisejících s projektem.
Engineering firm Aecom (ACM -7.35%) stock tumbled 5.5% through 10:25 a.m. ET Tuesday after missing badly on earnings last night.
Heading into the report, analysts forecast Aecom would earn $1.51 per share in its fiscal Q3 2026. Instead, Aecom reported a $0.50 per share loss. Crazily, this came in a quarter when Aecom's revenue -- $3.6 billion -- was 80% more than the $2 billion Wall Street expected!
Image source: Getty Images.
Even $3.6 billion represented a 14% decline in revenue for Aecom year over year. Worse, the work Aecom did was unprofitable. Operating earnings ran negative, non-GAAP earnings were the $0.50 loss noted above, and GAAP results showed an even bigger net loss: $0.65 per share.
Even the good news at Aecom was kind of bad. Aecom generated positive free cash flow of $55 million in the quarter. However, this was 79% less free cash flow than the company generated a year ago.
Today's Change
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What this means for Aecom stock Aecom management blamed these results on "a $337 million pre-tax charge resulting from a higher projected cost to complete a Construction Management project."
Now, the good news is that the charge related to a contract signed in 2019 "under terms and conditions that would not be acceptable after the substantial changes the Company implemented to its risk policies several years ago." So it's not likely to repeat. The bad news is the damage is done -- and it was bad enough to turn what should have been a profitable quarter into a loss.
Going forward, management will try to recover from that seven-year-old mistake, and thinks $300 million in free cash flow this year is achievable. That still values the stock at a rich 32x price-to-free cash flow ratio, though.
For now, Aecom stock looks expensive to me.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Aecom. The Motley Fool has a disclosure policy.
Group 1 Automotive ve 2. čtvrtletí nesplnila odhady: upravený zisk na akcii klesl na 9,61 USD a tržby na 5,39 miliardy USD. Firma zároveň oznámila koupi 10 prodejen Hennessy, které mají přidat asi 1,7 miliardy USD ročních tržeb.
Key Takeaways Group 1 Automotive's Q2 earnings and revenues missed estimates as new and used vehicle volumes fell.U.S. operations saw sharper declines, while parts and service same-store revenues rose 2.1%.Group 1 plans to acquire 10 Hennessy dealerships, adding about $1.7 billion in annual revenues. Group 1 Automotive, Inc. (GPI - Free Report) reported second-quarter 2026 adjusted earnings of $9.61 per share, which declined 16.6% year over year and missed the Zacks Consensus Estimate of $10.79 by 10.9%. Revenues declined 5.6% to $5.39 billion and missed the consensus mark of $5.65 billion by 4.7%.
Results reflected persistent consumer affordability pressure, used-vehicle sourcing challenges and short-term disruption from U.S. store rebranding. Retail new-vehicle units fell 4.4% year over year to 53,335, while used retail units declined 11.2%.
GPI’s Vehicle Sales and Margins Lose GroundNew-vehicle retail sales decreased 4.7% year over year to $2.61 billion. Units sold fell 4.4% year over year to 53,335. The average selling price rose 2.3% to $51,726, but new-vehicle gross profit per retail unit fell 8.5% to $3,254.
Used-vehicle retail sales declined 7% to $1.72 billion. Units sold fell 11.2% year over year to 53,469. Average selling price increased 4.8% to $32,195, while used retail gross profit per unit dropped 4.3% to $1,532.
Used-vehicle wholesale sales declined 7.5% year over year to $151.5 million. Units sold fell 10.1% year over year to 15,315. The unit incurred a gross loss of $47 million against the gross profit of $29 million reported in the same period last year.
Finance and insurance revenues fell 8.8% to $216.8 million, with F&I gross profit per retail unit down 1% to $2,030.
Group 1’s Aftersales Business Provides SupportParts and service sales declined 3.6% year over year to $692.4 million, while gross profit decreased 3.4% to $389 million. Still, the parts and service gross margin edged up 10 basis points to 56.2%.
On a same-store basis, parts and service revenues rose 2.1% to $673.3 million. U.S. same-store customer-pay revenues grew about 4%, and warranty revenues increased about 1%, helping offset weaker collision activity and lower internal reconditioning tied to reduced used-vehicle volumes.
GPI’s U.S. Operations Absorb the Larger DeclineU.S. revenues fell 5.8% year over year to $3.93 billion, while gross profit dropped 9.6% to $658.5 million. Retail new-vehicle unit sales declined 6.1% to 38,549, and used retail units decreased 13.6% to 34,261.
Adjusted U.S. SG&A expenses fell 6.5% to $437.5 million. Adjusted SG&A as a percentage of gross profit was 66.4%, improving more than 400 basis points sequentially as the company completed its $50 million annualized U.S. expense-reduction initiative. During the reported quarter, the retail new-vehicle, retail used-vehicle and wholesale used-vehicle units sold were 14,786, 19,208 and 6,303, respectively.
Group 1’s U.K. Business Shows Relative ResilienceU.K. revenues declined 4.9% year over year to $1.45 billion, while gross profit slipped 2.4% to $202.1 million. New-vehicle retail units increased 0.6% to 14,786, although used retail units declined 6.6% to 19,208.
U.K. parts and service gross margin held at 58.1%. F&I gross profit per retail unit rose 1.7% to $1,118, while total gross margin expanded 40 basis points to 13.9%. During the reported quarter, the retail new-vehicle, retail used-vehicle and wholesale used-vehicle units sold were 38,549, 34,261 and 9,012, respectively.
GPI Reshapes Its Portfolio Around Cluster MarketsDuring the quarter, Group 1 acquired four U.S. dealerships and retained Stone Mountain Toyota and Stone Mountain Honda, which are expected to generate about $205 million in annual revenues. The company also disposed of four Jaguar Land Rover dealerships in the United Kingdom, bringing year-to-date annualized revenues associated with dispositions to $900 million.
GPI separately agreed to acquire 10 Hennessy Automobile Companies dealerships in Atlanta. The transaction is expected to add about $1.7 billion in annual revenues and close by year-end 2026, subject to customary approvals. Management expects the acquisition to be immediately accretive to earnings upon closing.
Group 1’s Liquidity Supports Planned ExpansionAs of June 30, 2026, cash and cash equivalents were $164.5 million, up from $32.5 million at year-end 2025. Total debt declined 9.1% to $3.36 billion, while floorplan notes payable, net, increased 13.9% to $2.18 billion.
Total liquidity was $684 million at quarter-end, and the rent-adjusted leverage ratio was 3.3x. During the first half, operating cash flow totaled $155 million, down from $410.3 million in the same period last year.
The Hennessy transaction is valued at about $1.3 billion and is expected to be financed with $1.25 billion of new debt. The company expects rent-adjusted leverage to remain below 4x at closing and plans to return to its target leverage level by mid- to late 2027. As of June 30, 2026, the company had $306.3 million available under its current repurchase authorization.
GPI currently has a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Releases From Auto SpaceGeneral Motors Company (GM - Free Report) reported second-quarter 2026 adjusted earnings of $3.57 per share, up 41.3% year over year. The figure beat the Zacks Consensus Estimate of $3.13 by 14.06%. Revenues increased 1.9% to $48.03 billion and surpassed the consensus estimate of $46.56 billion by 3.15%. Strong pricing, lower costs and disciplined incentives supported results. General Motors raised its full-year adjusted EBIT guidance to $14-$16 billion from $13.5-$15.5 billion. Adjusted earnings are now projected at $12-$14 per share, up from the prior range of $11.50-$13.50.
Tesla, Inc. (TSLA - Free Report) reported second-quarter 2026 adjusted earnings of 33 cents per share, which declined 17.5% year over year. The figure missed the Zacks Consensus Estimate of 50 cents by 34%. Revenues advanced 25.5% to $28.24 billion and surpassed the consensus estimate of $25.81 billion by 9.41%. Tesla expects 2026 capital expenditures to exceed $25 billion and rise further over the next two to three years.
Ford Motor Company (F - Free Report) reported second-quarter 2026 adjusted earnings of 42 cents per share, beating the Zacks Consensus Estimate of 33 cents by 27.27%. Earnings rose 13.5% from 37 cents a year ago. Favorable mix and net pricing helped lift adjusted EBIT by 17% to $2.5 billion, while adjusted EBIT margin expanded to 5.2% from 4.3%. Automotive revenues of $44.89 billion fell 4.4% year over year and missed the consensus mark of $45.72 billion by 1.81%. The company’s consolidated second-quarter revenues came in at $48.3 billion, down 3.7% year over year.
Grocery Outlet čeká na výsledky za 2. čtvrtletí, přičemž výnosy mohou klesnout o 1,1 % a zisk na akcii na 12 centů. Tlak vytvářejí slabé komparabilní tržby a marže.
Key Takeaways Grocery Outlet's Q2 results face pressure from soft comparable-store sales and margin headwinds.GO expects promotional investments and inventory liquidation activity to weigh on margins.Grocery Outlet is strengthening branded opportunistic merchandise, value messaging and store execution. Grocery Outlet Holding Corp. (GO - Free Report) is scheduled to report second-quarter 2026 earnings results on Aug. 12, after the closing bell. The key question for investors is whether the extreme-value retailer of name-brand consumables and fresh products can build on its recent earnings surprise while navigating soft comparable-store sales and margin pressure.
The Zacks Consensus Estimate for second-quarter revenues stands at $1,167 million, indicating a 1.1% decline from the prior-year reported figure. On the earnings front, the consensus estimate has remained stable at 12 cents a share over the past 30 days, implying a decrease of 47.8% from the year-ago period.
Grocery Outlet has a trailing four-quarter earnings surprise of 46.6%, on average. In the last reported quarter, this Emeryville, CA-based company surpassed the Zacks Consensus Estimate by 150%.
Image Source: Zacks Investment Research
What the Zacks Model Indicates for GO’s Q2 EarningsAs investors prepare for Grocery Outlet’s second-quarter results, the question looms regarding an earnings beat or miss. Our proven model does not conclusively predict an earnings beat for Grocery Outlet this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that’s not the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.
Grocery Outlet has a Zacks Rank #4 (Sell) and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Factors Likely to Have Shaped Grocery Outlet's Q2 OutcomeGrocery Outlet’s second-quarter top line is likely to have remained under pressure from soft comparable-store sales. We expect comparable-store sales to decline 1.5% during the quarter under review. Management entered the quarter expecting continued comp weakness, with the Easter calendar shift creating an additional headwind. Management had indicated that improving traffic had not yet fully translated into stronger spending per trip, as lower units per transaction continued to weigh on average transaction size. The company is also rebuilding its opportunistic merchandise mix, as a lower mix of these products had previously weighed on ticket size.
Continued promotional investments aimed at supporting traffic and rebuilding value perception, along with additional inventory liquidation activity related to store closures, are likely to have weighed on margins. We expect gross margin to decline 70 basis points in the second quarter.
Grocery Outlet entered the quarter with encouraging signs that its efforts to restore its core value proposition are gaining traction. Management had increased its focus on branded opportunistic merchandise, supported by broader supplier outreach, improved product visibility, faster delivery times and better systems and reporting. This merchandise is central to Grocery Outlet’s differentiated model because compelling branded deals reinforce its treasure-hunt shopping experience. The company has also been sharpening its extreme-value messaging through digital and awareness-based marketing and making savings more visible in stores. These initiatives had already generated a favorable customer response and improved traffic trends, providing a foundation for better sales productivity as the opportunistic assortment continued to strengthen.
The company continued to boost store-level execution and the quality of its portfolio. Its store-refresh efforts focused on better layouts, signage and merchandising, while enhanced analytical tools, benchmarking and the annual business review process are designed to help independent operators improve sales mix, shrink and operating efficiency. At the same time, the completion of closures involving underperforming locations should help improve overall fleet quality and allow management to concentrate resources on more productive stores.
GO Stock Price PerformanceGrocery Outlet, which competes with Sprouts Farmers Market, Inc. (SFM - Free Report) and The Kroger Co. (KR - Free Report) , has seen its shares jump 23.5% over the past three months compared with the industry’s 5.3% rise. Shares of Sprouts Farmers and Kroger have fallen 1.8% and 12.6%, respectively, over the said period.
Image Source: Zacks Investment Research
Does GO’s Valuation Look Attractive?Grocery Outlet appears inexpensive relative to the broader industry and key peers. The stock currently trades at a forward 12-month price-to-sales (P/S) multiple of 0.20, substantially below the industry average of 2.27.
GO also trades at a discount to Sprouts Farmers Market, which carries a forward 12-month P/S multiple of 0.80, and slightly below Kroger’s multiple of 0.23.
Image Source: Zacks Investment Research
Final Words on Grocery OutletGrocery Outlet appears to be making meaningful progress in restoring its value proposition and improving execution, but the second quarter is still likely to have witnessed soft comparable-store sales, lingering basket pressure and margin headwinds from promotional support and closure-related activity. Encouraging traffic trends, a stronger opportunistic merchandise pipeline, sharper value messaging and portfolio optimization provide reasons for longer-term optimism, yet these positives may not be enough to drive a clear near-term earnings upside. With the Zacks model not signaling a convincing beat and the stock already having rallied meaningfully in recent months, investors may be better served by staying cautious ahead of the release.
ČEZ potvrdil, že transformace pokračuje podle plánu a převod aktiv a závazků do ČEZ Energy má proběhnout v 1Q 2027. Management zároveň nevidí náznaky znovuzavedení windfall tax.
Nic nového k transformaci ČEZu dnes v průběhu dne ani na konferenčním hovoru s managementem nezaznělo. Management sdělil, že proces je v běhu a vše jde dle plánu. De facto tak nyní probíhá převod jednotlivých firem ze zákaznického segmentu do nově vzniklé dceřiné společnosti ČEZ Energy, resp. probíhá příprava jejich oceňování a příprava optimalizace kapitálové struktury.
Aktuální informace tak nezazněly ani k transferu dluhu, nebo-li otázka jaká část dluhu připadne na ČEZ Energy zatím není zodpovězena. Dle managementu se toto téma nadále analyzuje a diskutuje. ČEZ aktuálně operuje s čistým dluhem kolem 200 mld. Kč.
Náš pohled: Modelově lze rozdělit čistý dluh mezi výrobní část a zákaznickou část (ČEZ Energy) rovnoměrně, když provozní ziskovost obou částí je ze střednědobého pohledu přibližně vyrovnaná. Na druhou stranu zákaznické byznysy generující relativně stabilní ziskovost (cash flow) obecně řečeno snesou větší míru zadlužení, resp. ratingové agentury právě v kontextu stability hospodaření tolerují tomuto typu společností větší míru čistého dluhu. Dokážeme si tedy představit, že ČEZ Energy může být zadlužen i v rozmezí 2,5 – 3x EBITDA, což by indikovalo čistý dluh přesahující 100 mld. Kč, resp. v intervalu 130 – 150 mld. Kč. Na skutečnost si budeme muset ještě počkat. Management potvrdil termín 1Q 2027 ohledně převodu aktiv a závazků do ČEZ Energy.
Již v době zveřejnění na začátku letošního června nás zaujala jedna akvizice v ESCO službách (segment prodej), konkrétně koupě německého dodavatele tepla a energetických služeb Techem Solutions. Díky této firmě spravující energetické zdroje o celkovém výkonu 539 MW a obsluhující více než 2600 zákazníků by se měl stát německý prodejní segment ČEZu robustnějším s potenciálem stabilnější profitability a cash flow. Management zatím na konferenčním hovoru nebyl konkrétní kolik tato akvizice přispěje do výsledků ČEZu. Akvizice ještě není vypořádána, její dokončení se předpokládá ve 2H 2026. Detailnější vhled do čísel tak zřejmě uvidíme až v březnu při zveřejnění výhledu na rok 2027. Každopádně tato akvizice má z našeho pohledu potenciál zase o něco zatraktivnit prodejní, resp. zákaznický segment a vylepšit jeho EBITDA.
Na hovoru nás zaujal dotaz týkající se rizika možného znovuzavedení „windfal tax“ s ohledem na blízkovýchodní krizi a růst cen komodit. Management sdělil, že nevidí žádné náznaky opětovného zavedení mimořádné daně. Aktuální situace je dle něho výrazně odlišná oproti roku 2022, kdy panovala bezprecedentní situace na komoditních trzích vlivem konfliktu na Ukrajině.
Na hovoru jsme se dotkli i dopadu sucha na evropské jaderné bloky. ČEZu konkrétně nehrozí žádné mimořádné odstávky jaderných reaktorů kvůli suchu. ČEZ disponuje dostatečnými vodními kapacitami pro chlazení svých bloků, v tomto směru je jeho produkce z jádra dostatečně robustní.
Akcie ČEZ (BAACEZ) dnes na pražské burze poklesly o 0,65 % na 1376 Kč, na RM-SYSTÉMu oslabily o 0,72 % na 1371 Kč.
HighPeak Energy ve 2. čtvrtletí vyprodukovala více, než se čekalo, a zároveň měla nižší provozní náklady na pronajatých provozech (lease operating expense). Management také uvedl růst adjusted EBITDA a volného cash flow.
HighPeak Energy, Inc. Insiders Continue To Buy HighPeak Energy NASDAQ: HPK reported second-quarter results marked by production above its guidance range, lower-than-guided lease operating expenses and sequential growth in adjusted EBITDA and free cash flow, according to management’s earnings call.
President and CEO Michael Hollis said production was essentially flat from the first quarter and again exceeded the high end of the company’s guidance. For the first six months of 2026, production averaged 45,500 barrels of oil equivalent per day, while unit lease operating expense averaged $7.56 per BOE, approximately 13% below the midpoint of full-year guidance.
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“Our team went out and executed,” Hollis said, citing production performance, cost control and capital discipline. The company generated approximately $281 million of EBITDAX in the first half, he said.
Completion Activity Accelerated, Second-Half Spending Expected to Fall HighPeak said it accelerated a portion of completion activity into the second quarter to take advantage of favorable frac pricing and continue work with a simul-frac crew that management said had delivered improved efficiencies, faster cycle times and lower costs.
The company drilled 17 of its planned 29 wells during the first half of the year and completed 24 of its planned 33 wells. It also turned 20 wells in line, putting it on track toward its full-year target of 37 wells turned in line.
Hollis said the acceleration caused first-half capital spending to reach the mid- to upper-60% range of the annual budget, compared with an original expectation that about 60% of annual capital would be spent during the first half. HighPeak invested $185.9 million during the first six months, according to management.
Management characterized the spending shift as a timing decision rather than an increase to the budget. With more development activity completed earlier in the year, HighPeak expects capital spending to decline materially in the second half while production remains strong.
During the question-and-answer session, Hollis said the company completed 69% of its planned completion work in the first half. He added that HighPeak expects fewer frac-related production impacts during the remainder of the year.
“We think volumes will stay strong throughout the last half of the year,” Hollis said, adding that the company expects to generate significant free cash flow at reasonable oil prices.
Workover Program Supported Production Management highlighted its workover program as a contributor to second-quarter production. Hollis said HighPeak evaluated wells across its asset base and deployed relatively modest capital to return production to service and improve well productivity.
The company said workovers can offer quick paybacks and capital-efficient returns compared with drilling new wells. Workover costs are generally recorded in lease operating expenses when they involve required well interventions, while mini-stimulation work intended to increase reserves is captured as capital spending, Hollis said.
Hollis told analysts that the company had addressed much of the inventory of wells that could be quickly brought forward for workovers during the first half. However, he said workover opportunities will continue as wells require maintenance and interventions over time.
The workover activity also affected the company’s production mix in the second quarter. HighPeak’s oil percentage declined to 64%, below its guided 67% to 68% range, as completion activity temporarily affected higher-oil-cut wells and workovers brought back older wells with higher gas content.
For the remainder of the year, Hollis said he expects the oil cut to move closer to 67%.
Hedging and Balance Sheet Approach Stronger realized oil prices and stable production supported sequential increases in adjusted EBITDA and free cash flow, despite approximately $55 million of net cash hedge losses during the second quarter, Hollis said.
The company said a larger percentage of expected production is exposed to spot commodity prices. At the same time, it retains oil hedges primarily in the mid-$60-per-barrel range to provide downside protection.
HighPeak also added NYMEX WTI roll swaps to manage calendar-spread exposure and Waha basis swaps to reduce exposure to West Texas natural-gas pricing volatility, management said.
Hollis said the company had $146 million of cash at quarter-end and plans to make scheduled term-loan amortization payments of $30 million per quarter beginning at the end of the third quarter. While HighPeak expects to generate more than enough cash at current oil prices to meet that requirement, he said management will be cautious about accelerating repayments because prepayments cannot be reborrowed.
“We will definitely do the $30 million a quarter,” Hollis said. “We will have enough cash on hand to be able to weather any kind of variability over the next year or so.”
Gas Realizations Improve Following Weak Second Quarter HighPeak said it experienced a negative $1.50-per-Mcf gas realization in the second quarter amid weak Waha pricing, though Hollis described that result as comparatively favorable versus many public peers.
Looking ahead, he said the Gulf Coast Express expansion had helped narrow Waha differentials closer to negative $1 per Mcf, compared with negative $3 to negative $5 per Mcf previously. HighPeak expects better gas realizations during the rest of 2026 and at least through the first half of 2027.
Management said gas takeaway capacity has not constrained its operations. “We have not had one Mcf that we wasn’t able to put into a pipe,” Hollis said, though he noted the company had at times effectively paid for gas transportation because of depressed pricing.
For 2027, Hollis said the company’s setup should resemble 2026 in terms of capital requirements and production volumes. He said drilling efficiencies could result in two additional drilled-but-uncompleted wells moving into next year.
About HighPeak Energy (NASDAQ:HPK)HighPeak Energy, Inc NASDAQ: HPK is a Delaware‐incorporated independent oil and natural gas exploration and production company. The firm focuses on the acquisition, development and exploitation of onshore petroleum assets in the continental United States. Its operations encompass the full upstream value chain, including exploration, drilling, completion and production activities aimed at maximizing hydrocarbon recovery and operational efficiency.
The company’s primary business activities include identifying and acquiring conventional and unconventional oil and gas properties, applying advanced drilling and completion technologies, and managing midstream logistics to optimize product flow.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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, /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX; ZIPIBX; ZIPSAX; ZIPZAX; ZIPDBX) with approximately $6.9 billion in portfolio equity and debt investments, announced that as of August 3, 2026, its Board of Directors declared a distribution for August 2026 of $0.0525 per share and unit. The fund switched from quarterly to monthly distributions in March 2026, which better serves investors by providing the same total distribution more frequently.
The distribution is payable on or around August 26, 2026 to stockholders and unitholders of record as of August 21, 2026. On an annualized basis, this gross distribution is equivalent to $0.63 per share and represents a distribution rate of approximately 5.6% on a NAV per share of $11.27 as of the date of approval. All stockholders and unitholders will receive $0.0525 per share less applicable share class specific fees. The distribution rate will differ based on the share and unit class.
"Monthly distributions are now delivering cash and shares to our stockholders faster and more frequently, which is a meaningful benefit for investors," said JLL Income Property Trust President and CEO Allan Swaringen. "We strive to be a reliable source of growing income for our stockholders, with a track record of nine dividend increases over our 14-year history. Our monthly distributions enhance our long track record of providing reliable cash flow and tax efficient income to our investors."
Monthly distributions for July 2026 totaled $0.0525 per share and unit and were paid to stockholders and unitholders of record on July 24th, 2026. Any future distributions will be approved at the discretion of the Board of Directors. JLL Income Property Trust is an institutionally managed, daily NAV REIT that brings to investors a growing portfolio of core real estate investments selected by an institutional investment management team and sponsored by one of the world's leading real estate services firms.
For more information on JLL Income Property Trust, please visit our website at www.jllipt.com.
JLL INCOME PROPERTY TRUST, INC. (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX; ZIPIBX; ZIPSAX; ZIPZAX; ZIPDBX),
JLL Income Property Trust, Inc. is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing residential, industrial, grocery-anchored retail, healthcare and office properties located in the United States. JLL Income Property Trust expects to further diversify its real estate portfolio over time, including on a global basis. For more information, visit www.jllipt.com.
ABOUT LASALLE INVESTMENT MANAGEMENT | INVESTING TODAY. FOR TOMORROW.
LaSalle Investment Management, a subsidiary of JLL, is a globally integrated, diverse real estate investment manager. On a global basis, LaSalle manages US$86.8 billion of assets in private and public real estate equity and debt investments as of Q1 2026. LaSalle's client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a diverse range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.
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This press release may contain forward-looking statements with respect to JLL Income Property Trust. Forward-looking statements are statements that are not descriptions of historical facts and include statements regarding management's intentions, beliefs, expectations, research, market analysis, plans or predictions of the future. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. Past performance is not indicative of future results and there can be no assurance that future distributions will be paid.
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AST SpaceMobile míří k zhruba 45 satelitům BlueBird na oběžné dráze do začátku roku 2027 a ke škálovanému beta provozu později v roce 2026. Tři nedávné zakázky od americké vlády mají více než 100 milionů USD ve financovaných krátkodobých tržbách.
Key Takeaways ASTS targets about 45 BlueBird satellites in orbit by early 2027 as production ramps toward six per month.Scaled beta is targeted for later in 2026, with roughly 25 satellites enabling about half-day U.S. coverage.Three U.S. government awards carry more than $100 million of funded near-term value expected in 2026 and 2027. AST SpaceMobile, Inc. (ASTS - Free Report) used its second-quarter 2026 call to sharpen the timeline for network deployment and beta service while expanding its government ambitions. CFO Andrew Johnson said the company targets about 45 BlueBird satellites in orbit by early 2027.
ASTS reported second-quarter 2026 loss of 44 cents per share, wider than the Zacks Consensus Estimate of a loss of 28 cents. The company’s second-quarter revenues were $31.5 million, which missed the Zacks Consensus Estimate of $34.1 million by 7.60%. Executive VP, CFO and chief legal officer Andrew Johnson nevertheless maintained full-year revenue guidance of $150 million to $200 million.
ASTS Builds Toward the 45-Satellite ThresholdFounder, chairman and CEO Abel Avellan said ASTS has 13 spacecraft in orbit, with BlueBirds 14 through 16 nearing shipment and BlueBirds 17 through 46 in production or assembly.
CEO Abel Avellan said production is ramping toward six fully assembled satellites per month. CFO Andrew Johnson tied that cadence to the target of approximately 45 BlueBirds in orbit by early 2027.
President and chief strategy officer Scott Wisniewski said scaled beta capability is targeted for later in 2026. In Q&A, he said roughly 25 satellites would provide about half-day U.S. coverage.
AST SpaceMobile Expands Its Spectrum ReachCEO Abel Avellan said AST SpaceMobile is building toward roughly 100 MHz of spectrum access in the United States and more than 60 MHz globally, combining MNO partner and controlled MSS spectrum.
CEO Abel Avellan said the platform can tune about 1,150 MHz across low- and mid-band spectrum. Its ASIC is in full production and designed for up to 10 GHz of processing bandwidth per satellite.
CEO Abel Avellan said the ASIC should nearly double the 98.9 Mbps peak data speed demonstrated on Block 1 BlueBirds, with further user-experience gains targeted through AI-enabled spectrum management.
ASTS Retains Its Full-Year Revenue OutlookCFO Andrew Johnson said revenue should rise sequentially in each quarter of 2026, with the full year weighted toward the fourth quarter. Gateway deliveries and U.S. government milestones remain core drivers.
CFO Andrew Johnson kept the $150 million to $200 million full-year range and cited potential upside from initial commercial service revenues.
For the third quarter, CFO Andrew Johnson guided adjusted operating expenses excluding adjusted cost of revenues to $105 million to $115 million and capital expenditures to $350 million to $425 million.
AST SpaceMobile Broadens Government OpportunityPresident Scott Wisniewski said three recent U.S. government awards carry more than $100 million of funded near-term value expected during 2026 and 2027, extending work from development toward larger operational programs.
CEO Abel Avellan highlighted the preliminary J-LEO selection with Rakuten, valued at up to approximately $1 billion in non-dilutive, non-debt government capital, pending approvals and final agreements.
In investor Q&A, President Scott Wisniewski said the government opportunity could begin scaling in 2027 toward a recurring multibillion-dollar annual opportunity across communications, radar and other applications.
ASTS Q&A Tests the 2027 Revenue RampA William Blair analyst asked about 2027 revenues. President Scott Wisniewski reiterated the goal of approaching $1 billion in the first full year of commercial service and said government could contribute as much as half of next year’s revenues.
A Cantor Fitzgerald analyst pressed on the components. President Scott Wisniewski said gateway revenues should exceed $100 million, while commercial service revenues should begin when service starts and then ramp.
A BofA Securities analyst focused on launch capacity. President Scott Wisniewski said ASTS has 10 launches booked with two providers and is targeting an average cadence of every month or two.
AST SpaceMobile Keeps Execution at the CenterCEO Abel Avellan centered his message on converting manufacturing scale, spectrum access and MNO relationships into network availability. AST SpaceMobile now has more than 60 MNO partners covering over three billion subscribers.
CFO Andrew Johnson paired that rollout with elevated investment while holding the 2026 revenue target. The deployment schedule and fourth-quarter-weighted revenue ramp remain key second-half milestones.
President Scott Wisniewski emphasized government demand and commercial activation. Near-term execution centers on satellites, gateways, beta readiness and contracted program milestones.
ASTS Rank and Style Scores Stay MixedASTS carries a Zacks Rank #3 (Hold), with a Value Score of F, Growth Score of F, Momentum Score of D and VGM Score of F. Under the Zacks Style Score framework, A and B are stronger grades, and top-ranked stocks paired with A or B Style Scores are the preferred combinations. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
For potential near-term performance, this profile is less favorable than those preferred Rank-and-Style pairings. The Zacks Rank can change as earnings estimates are revised after the just-reported results, so the signal should be viewed as current rather than fixed.
AST SpaceMobile vykázala za 2. čtvrtletí vyšší ztrátu na akcii ve výši 0,77 USD a tržby 31,5 mil. USD, obojí pod odhady. Zároveň potvrdila celoroční výhled tržeb na rok 2026 ve výši 150 až 200 mil. USD.
AST SpaceMobile Inc (NASDAQ:ASTS) reported a wider-than-expected adjusted loss and revenue below analyst estimates for the second quarter, while the company reaffirmed its full-year 2026 revenue guidance and continued to expand its satellite network.
The company reported an adjusted loss of $0.77 per share for the quarter ended June 30, compared with analyst estimates for a loss of about $0.26 to $0.32 per share.
Revenue rose to $31.5 million from about $15.8 million in the first quarter, but came in below expectations of roughly $35 million.
AST SpaceMobile attributed second-quarter revenue to gateway deliveries and milestones met under US government programs.
Total operating expenses were $329.1 million in the quarter, up $165 million from $164.1 million in the first quarter. The increase included a $125.9 million loss on involuntary conversion, along with higher general and administrative costs, cost of revenues, engineering services costs, depreciation and amortization, and research and development costs.
Adjusted operating expenses increased to $119.1 million from $91.2 million in the first quarter. Excluding adjusted cost of revenues, adjusted operating expenses were $95.9 million, compared with $79.8 million in the prior quarter.
AST SpaceMobile reaffirmed its full-year 2026 revenue guidance of $150 million to $200 million.
The company said it has signed partnerships with more than 60 mobile network operators globally, collectively covering more than 3 billion subscribers.
Its revenue backlog has increased to approximately $1.30 billion in aggregate contracted revenue with commercial partners and contract awards with the US government.
AST SpaceMobile also said it had 13 spacecraft in orbit following the recent launch of BlueBirds 11, 12 and 13. The company said BlueBirds 14, 15 and 16 are being prepared for shipment, with production continuing through BlueBird 46.
The company said it is preparing to initiate beta services with select strategic partners as it expands its constellation.
Shares of AST SpaceMobile traded up 1.5% post-earnings.
Tempus AI zvýšila výhled na tržby pro rok 2026 na 1,595–1,605 mld. USD po růstu tržeb ve 2. čtvrtletí o 22 % na 382,5 mil. USD. Firma čeká, že schválení FDA xT CDx přidá od roku 2027 asi 85 mil. USD ročních tržeb.
Key Takeaways TEM raised 2026 revenue guidance to $1.595B-$1.605B as Q2 sales rose 22% to $382.5M.TEM sees xT CDx pricing adding about $85M in annual revenues from 2027 after FDA approval.TEM's Data Licensing and Modeling revenues grew 36%, while MRD volume rose 38% sequentially to 9,000 tests. Tempus AI, Inc. (TEM - Free Report) used its second quarter of 2026 earnings call to frame growth around oncology testing, data demand and reimbursement-driven pricing while outlining a measured approach to molecular residual disease.
TEM’s second-quarter 2026 revenues of $382.49 million topped the Zacks Consensus Estimate of $380.95 million. The non-GAAP loss of 4 cents per share was narrower than the Zacks Consensus Estimate loss of 13 cents.
CEO Eric Lefkofsky and CFO James Rogers focused on visibility, FDA-linked pricing gains and cash generation.
TEM Raises 2026 Revenue OutlookTEM raised 2026 revenue guidance to $1.595 billion-$1.605 billion, representing about 25% growth, while maintaining adjusted EBITDA guidance at roughly $65 million. The forecast excludes the Personalis transaction.
TEM’s second-quarter Diagnostics revenues increased 20% to $289.3 million, while Data and Applications revenues climbed 28% to $93.2 million.
Lefkofsky cited accelerating comprehensive genomic profiling and data demand. Oncology volume grew 31% year over year, while hereditary revenues increased 5% against what he described as a strong comparison period.
Tempus Quantifies FDA Pricing UpsideThe CEO said FDA approval for tumor-only xT CDx should lift average selling prices by an estimated $200, translating to about $85 million of annual revenue uplift beginning in 2027.
Lefkofsky said approval of the liquid biopsy test xF — expected in the latter half of 2027 — could add another $550 million of ASP uplift. He anticipates about $400 million of combined xT CDx and xF revenue uplift in 2028.
A BTIG analyst asked about xF pricing. CFO James Rogers said TEM is assuming a $7,500 ADLT price, while CEO Eric Lefkofsky linked the higher expectation to pricing for comparable liquid biopsy products.
TEM Deepens Data and AI EngagementData Licensing and Modeling revenues grew 36% year over year, and TEM signed roughly $200 million of new Data and Applications licenses. The company delivered the first version of its oncology foundation model to AstraZeneca.
Lefkofsky said the model met AstraZeneca's acceptance criteria on response prediction tasks, including blinded clinical-trial data. He said it can now serve as a foundation for broader research and development work.
A Mizuho analyst asked about AstraZeneca beyond 2026. The CEO said projects already extend into 2027 and expects the company to remain a large client, with a similar amount of data and revenue next year.
Tempus Sets a Measured MRD RampMRD volume reached about 9,000 tests in the second quarter, up 38% from roughly 6,500 in the first quarter, although only about 10% of TEM's sales force sells the Personalis test.
A Morgan Stanley analyst asked about reimbursement economics. CFO James Rogers said additional covered indications should lift ASPs over time, while broader commercial access can expand volume.
CEO Eric Lefkofsky said TEM plans to accelerate selling once ASPs approach breakeven rather than maximize volume while margins are negative. He also said the company intends to use debt for a large portion of the Personalis consideration to limit dilution.
TEM Targets Cash Flow ImprovementTEM completed a $460 million offering of 0.0% convertible senior notes due 2032 and used proceeds to repay an Ares Capital loan. Lefkofsky said the refinancing should save more than $30 million in annual interest expense.
Adjusted EBITDA was $8 million, improving $13.6 million year over year, while operating cash use improved to negative $7.5 million. Cash, cash equivalents and marketable securities ended June at $820.7 million.
TEM's growing gross profit base gives it room to redirect variable spending toward commercial investment while maintaining progress toward positive EBITDA and free cash flow.
Tempus Keeps Focus on ExecutionCEO Eric Lefkofsky emphasized sustaining oncology and data growth, converting regulatory approvals into better pricing, broadening MRD as reimbursement supports the economics and continuing profitability improvement.
CFO James Rogers added specificity around the $7,500 xF pricing assumption and the path to better Personalis ASPs. Key operating milestones center on pricing implementation, xF approval, data-contract execution and MRD reimbursement.
TEM's Zacks Rank & Style ScoresTEM currently carries a Zacks Rank #3 (Hold). Under the Zacks Style Scores framework, a #3-ranked stock can be held, but stronger A or B scores are preferable when evaluating value, growth or momentum characteristics. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
TEM has an F grade for Value Score, Growth Score, Momentum Score and VGM Score, the weakest grade in the Style Score hierarchy. The Zacks Rank can change as earnings estimates are revised after the just-reported results.
Alto Ingredients ve 2. čtvrtletí 2026 vykázala 45Z daňové kredity ve výši 5,1 milionu USD a za celý rok směřuje po jejich zpeněžení k nejméně 15 milionům USD.
Key Takeaways Alto Ingredients generated $5.1 million in 45Z tax credit earnings in the second quarter of 2026.Alto Ingredients is on track to qualify at least 90 million gallons for 45Z credits in 2026.ALTO added 5 million gallons of annual capacity, with the full benefit expected in the fourth quarter. Alto Ingredients, Inc.’s (ALTO - Free Report) 45Z tax credits are becoming a larger earnings contributor as it works to expand eligible production and lower carbon intensity. In the second quarter of 2026, Alto Ingredients generated $5.1 million in 45Z tax credit earnings, comprising $4 million of credits earned during the quarter and $1.1 million of final adjustments related to the sale of its 2025 credits. Year to date, it has accrued $7.9 million in net 2026 45Z credits that are expected to be monetized in the future.
For 2026, Alto Ingredients remains on track to qualify 90 million gallons or more of combined production for 45Z credits, supporting a minimum expectation of $15 million in income after monetization costs. Based on credits recognized through the first half, the company is currently tracking toward a $15-$16 million range.
The opportunity could expand through higher eligible volumes. Alto Ingredients completed a debottlenecking project at its Pekin dry mill that increased annual production capacity by about 8%, or 5 million gallons. The additional gallons are eligible for 45Z credits, with the full benefit of the added capacity expected in the fourth quarter.
Another opportunity is to lower the carbon intensity of corn sourced from farmer partners. Alto Ingredients is exploring how much corn and production volume could qualify under low-carbon-intensity corn. However, the company is not yet able to recognize this benefit for 2026. Practices such as cover crops implemented after the 2026 harvest could begin providing benefits in 2027.
ALTO's 45Z Tax Credit Developments Compare With PeersGreen Plains Inc. (GPRE - Free Report) generated significant value from 45Z credits in the second quarter of 2026. Green Plains reported $58.7 million in 45Z production tax credits, net of discounts and other costs, contributing to adjusted EBITDA of $93.3 million. For the first half, Green Plains recognized $113.9 million in 45Z credits on a net basis, highlighting the potential impact of the tax credit on ethanol economics.
Gevo, Inc. (GEVO - Free Report) is targeting more than $70 million in 45Z tax credit monetization in 2026, compared with $52 million last year. In its second-quarter 2026 earnings call, GEVO noted that the increase is supported by continued low-carbon ethanol and RNG production and improvements in carbon intensity. Gevo had already closed $20 million in 45Z credit sales after the second quarter, with the remaining approximately $50 million targeted for monetization by year-end.
ALTO Stock Price Performance, Valuation & EstimatesShares of Alto Ingredients have fallen 8.4% over the three months against the industry’s growth of 18%.
Image Source: Zacks Investment Research
From a valuation standpoint, ALTO trades at a forward price-to-sales ratio of 0.33, lower than the industry’s average of 3.41.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Alto Ingredients’ 2026 and 2027 earnings per share has declined 27.8% and 66.3% to 39 cents and 28 cents, respectively, in the past seven days.
Pagaya Technologies Ltd. za týden vzrostla o 10,4 % po rekordních tržbách, silnější ziskovosti a lepších provozních trendech. Firma zároveň ve 2. čtvrtletí získala 3,7 miliardy USD v šesti ABS transakcích.
Key Takeaways Pagaya gained 10.4% in a week after record revenues, stronger earnings and improving operating trends.Pagaya raised $3.7 billion across six ABS transactions and added 11 investors to its funding network.Higher funding costs, investment losses and partner concentration could limit further gains. Pagaya Technologies Ltd. (PGY - Free Report) shares gained 10.4% in the past week, putting the focus on whether the rebound can extend. The move comes after stronger second-quarter 2026 results and improving operating trends, but a one-week gain alone does not establish a specific catalyst.
The shares have also gained 18.3% in the past four weeks and 59.6% in the past 12 weeks. The broader advance raises a key question: Can improving profitability, deeper funding and partner momentum remain durable enough to support further gains?
3-Month Price Performance
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PGY’s Weekly Gain Raises the Sustainability QuestionPGY’s recent price performance is notable because it has occurred alongside firmer business trends. Still, the 10.4% one-week increase should be viewed as part of a larger rebound rather than proof that a particular event will drive the stock higher.
The key test is whether operating progress continues to support earnings. The investment case points to stronger profitability, partner momentum and improving funding depth as supports, while flagging macro, credit and concentration risks.
Pagaya’s Earnings Growth Supports the RallyPagaya reported record second-quarter revenue and other income of $387 million, up 19% year over year, while GAAP net income reached $45.3 million. Adjusted earnings per share came in at $1.07, above the Zacks Consensus Estimate of 71 cents.
The beat was not isolated. PGY topped earnings expectations in each of the trailing four quarters, with an average positive surprise of 43.5%.
Earnings Surprise History
Image Source: Zacks Investment Research
Analysts seem optimistic regarding PGY’s earnings growth prospects. The Zacks Consensus Estimate for the company’s 2026 and 2027 earnings increased by 15.2% and 11%, respectively over the past 30 days.
Estimate Revision Trend
Image Source: Zacks Investment Research
PGY’s Funding Depth Could Extend the UpsideFunding remains an important part of the sustainability argument. Pagaya raised a record $3.7 billion across six ABS transactions in the second quarter and added 11 investors, bringing its funding network to 174 investors.
The funding mix is also becoming more flexible, with 40% of funding coming through non-prefunded ABS products, alongside forward-flow and revolving structures. Amongst PGY’s key peers, Affirm Holdings, Inc. (AFRM - Free Report) uses technology, proprietary underwriting and third-party capital to support its pay-over-time platform, while Enova International, Inc. (ENVA - Free Report) operates an online lending platform powered by analytics and machine learning. Both AFRM and ENVA provide context for technology-driven consumer finance.
Pagaya’s Risks Could Limit Further GainsHigher benchmark rates remain a key risk because they can raise funding costs and pressure securitization economics. Pagaya’s FRLPC as a percentage of network volume fell 61 basis points year over year to 4.2% in the second quarter, partly because of tighter ABS pricing tied to higher cost of capital.
Investment volatility and concentration also warrant attention. Pagaya recorded an $80.3 million year-to-date loss on investments in the first half of 2026, while reliance on a limited number of partners creates network volume and revenue concentration risk. If funding costs remain elevated or partner execution weakens, revenue per unit of network volume could face pressure.
PGY’s Strong Rank Meets Mixed Style SignalsThe sustainability case remains constructive but not one-sided. Strong earnings growth, funding depth and partner expansion provide support, while FRLPC pressure and credit, investment and concentration risks could temper the upside.
PGY currently carries a Zacks Rank #1 (Strong Buy), with a Value Score of B, Growth Score of A, Momentum Score of B and VGM Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Rank is designed to help assess expected stock performance over the next one to three months, while the Style Scores complement it by measuring value, growth and momentum characteristics. These signals are supportive context, but they do not make continued gains certain.
D-Wave Quantum po zveřejnění výsledků za 2. čtvrtletí klesla, i když bookings vyskočily o 1 120 % na 35,5 milionu USD. Tržby byly jen 3 miliony USD a firma dál vykazuje ztrátu.
Investors hope that quantum computing could be the next big investing trend after artificial intelligence, and one of the most talked-about names among quantum computing stocks right now is D-Wave Quantum (QBTS -0.25%).
The company recently reported its second quarter results, and D-Wave stock immediately nosedived, even after a 1,120% increase in bookings.
So, is it time to pick up some of the company's shares after the recent decline? The data suggests you should avoid D-Wave stock for now.
Image source: The Motley Fool.
D-Wave shares are beyond expensive, and revenue is negligible D-Wave's Q2 sales were just $3 million, slightly below sales from the year-ago quarter and missing Wall Street's consensus estimate of over $4 million. The company's loss per share of $0.13 improved from a loss of $0.42 in the year-ago quarter but fell short of the consensus estimate of a loss of $0.09.
While narrowing losses are a positive sign, D-Wave's inconsistent revenue growth is part of the reason why it's difficult to invest in the company right now. Its sales are choppy, often coming in cycles as D-Wave gains a new customer. This makes it hard to gauge the company's growth.
Most importantly, D-Wave's shares are very expensive at a time when the commercial viability of quantum computing is still in question. The stock has a price-to-sales (P/S) ratio of 496, which is beyond expensive and far higher than the average P/S ratio of about 8 for the technology sector. Typically, tech stocks trading at a high premium balance that out with fast-growing revenue. As I just mentioned, D-Wave doesn't have that.
All of the above means that D-Wave is an expensive stock, with uneven revenue, and significant losses. That's not exactly a recipe for success.
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Why it's worth keeping an eye on D-Wave All that said, it's probably worth keeping an eye on where D-Wave is headed. One highlight from the quarter was D-Wave's $35.5 million in bookings, up 1,120% from the year-ago quarter. D-Wave's bookings indicate future revenue potential, though they aren't guaranteed sales.
Still, the large increase shows that D-Wave can attract customers for its quantum computing technology. Those bookings came on the heels of AT&T agreeing to expand its use of D-Wave's tech and potentially deploy it for "complex optimization challenges across its network operations."
It's still the early innings for quantum computing. This means that investors shouldn't be paying a high premium to own D-Wave's stock -- but they should be keeping a close watch on whether the company can turn its bookings into steady and growing revenue in the coming years.
Aptiv snížil výhled pro rok 2026 na tržby 12,6–12,8 miliardy USD a EPS 5,60–5,80 USD, i když ve 2. čtvrtletí překonal odhady zisku na akcii. Důvodem jsou změny plánů v Číně, zpožděné starty a načasování softwarových tržeb.
Key Takeaways Aptiv cut 2026 sales and EPS guidance despite a Q2 earnings beat and stronger profitability.China schedule changes, launch delays and software timing drove a $300 million guidance reduction.Aptiv's non-automotive revenues rose 12%, while new commercial awards totaled about $5 billion. Aptiv PLC (APTV - Free Report) cleared second-quarter earnings expectations, but the quarter’s more consequential signal came from a reduced 2026 outlook. The change shifts attention from margin execution toward demand, customer mix and program timing.
The question for investors is how much of the second-half pressure proves temporary. China schedule cuts, delayed launches and software timing now sit against improving non-automotive growth and new commercial awards.
APTV’s Q2 Beat Came With a Revenue MissAdjusted earnings were $1.63 per share, topping the Zacks Consensus Estimate of $1.42 by 14.8% and increasing 24.4% year over year. Stronger operating profitability, lower interest expense and a reduced share count supported the gain.
Revenues rose 2.3% to $3.27 billion but missed the consensus mark of $3.32 billion by 1.4%. Adjusted revenue growth was 2%, while non-automotive revenues increased 12%, producing a mixed quarter despite stronger profitability.
Aptiv Cut 2026 Sales and Earnings GuidanceAptiv now expects 2026 revenues of $12.6-$12.8 billion, down from its prior range of $12.8-$13.2 billion. Adjusted earnings are projected at $5.60-$5.80 per share compared with the previous $5.70-$6.10 range.
The company also expects third-quarter revenues of $3.12-$3.22 billion and adjusted earnings of $1.25-$1.35 per share. The reduced full-year ranges place second-half demand, launch execution and revenue timing at the center of the 2026 outlook.
China and Timing Delays Pressure APTV’s OutlookThe $300 million reduction at the midpoint of full-year revenue guidance reflects three main items. About $150 million relates to customer production schedule changes tied primarily to China, $100 million to launch and ramp delays and $50 million to software revenue timing.
Second-quarter China adjusted revenues rose 5% even as regional vehicle production declined 3%. For the second half, Aptiv cited weaker domestic China schedules and lower European OEM exports to China as headwinds.
Aptiv’s Diversification Softens the BlowNon-automotive revenues grew 12% in the second quarter, and Aptiv secured about $5 billion of new commercial awards, including $2.4 billion in Intelligent Systems and $2.5 billion in Engineered Components. The company also reported progress in robotics, drones, energy storage, aerospace and defense.
Mobileye Global Inc. (MBLY - Free Report) offers a relevant industry comparison because its business centers on advanced driver-assistance and autonomous-driving technologies. BorgWarner Inc. (BWA - Free Report) provides another automotive technology reference point, with propulsion product leadership and an explicit focus on customer and geographic diversity.
APTV’s Signals Keep the Focus on ExecutionThe bottom line is that Aptiv’s earnings beat showed better profitability, but the lowered outlook and estimate revisions keep execution in focus. Over the past 60 days, earnings estimates for 2026 and 2027 have been revised downward 10% and 4.9%, respectively, to $5.69 and $6.62.
Image Source: Zacks Investment Research
Aptiv currently carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
APTV carries a Value Score of A, Growth Score of D, Momentum Score of B and VGM Score of B. The favorable Value, Momentum and VGM readings do not override the Rank, because Style Scores are designed to complement it. The Growth Score of D and negative estimate revisions keep earnings stabilization central to the near-term picture.
CleanSpark podepsal 20letý lease na HPC datové centrum v Georgii, který má přinést asi 6,6 miliardy USD smluvních tržeb. Zároveň firma ve 3. čtvrtletí vykázala čistou ztrátu 239,8 milionu USD při tržbách 138,0 milionu USD.
CleanSpark Inc. (NASDAQ:CLSK) last week unveiled its first high‑performance computing data center lease and reported fiscal third‑quarter 2026 earnings, marking a busy stretch for the bitcoin miner.
CleanSpark Secures 20‑Yr HPC Lease in GeorgiaOn Wednesday, CleanSpark signed its first HPC data center lease, a 20-year triple-net agreement at its Sandersville, Georgia campus expected to generate approximately $6.6 billion in contracted revenue with an unnamed investment-grade global technology company. The 175 MW facility is expected to begin providing capacity in late 2027, marking the Bitcoin miner’s largest move yet into AI infrastructure.
CleanSpark said it has ordered and pre-paid all long-lead items needed to meet the project’s ready-for-service date, and the anticipated equity portion of the project has been fully funded.
“Our recently announced Sandersville lease offers an ideal combination of long-term, durable cash flows and de-risked economic returns for our shareholders,” said Matt Schultz, CEO and Chairman of CleanSpark.
CleanSpark Slips to Loss as Revenue DeclinesThe following day, CleanSpark reported fiscal third-quarter results, with quarterly revenue of $138.0 million, down 30.5% year-over-year from $198.6 million. The company posted a net loss of $239.8 million, or 89 cents per basic share, compared to net income of $257.4 million a year earlier.
Adjusted EBITDA fell to negative $113.0 million from $377.7 million in the same period last year. CleanSpark ended the quarter with $202.6 million in cash, $814.9 million in Bitcoin holdings, and total assets of $2.7 billion.
“Despite currently challenging bitcoin mining economics, we have a portfolio of scarce, grid-connected power assets and multiple pathways to commercialization,” said Gary Vecchiarelli, President and CFO of CleanSpark.
Read Next
CleanSpark Shares Edge HigherCLSK Price Action: At the time of publication, CleanSpark shares are trading 2.50% higher at $11.88, according to data from Benzinga Pro.
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Akcie Oklo v červenci klesly o 25,8 % a smazaly zhruba 80 % hodnoty oproti říjnovému maximu z října 2025. Firma zároveň zvýšila celoroční odhad cash burn a její první Aurora powerhouse má přijít nejdřív v roce 2028.
The momentum behind artificial intelligence (AI)-linked nuclear energy stocks hit a brick wall in July, sending high-flying names like Oklo (OKLO +4.34%) into a nose-dive.
Shares of the nuclear energy start-up tumbled 25.8% last month, according to data provided by S&P Global Market Intelligence. By the end of July, the drop had wiped about 80% of the stock's value from its October 2025 peak of $193.84.
For a company promising to fuel the AI build-out with fast-fission reactors, winning important approvals from the Department of Energy (DOE), and securing massive partnerships, the sudden mid-summer fallout left many investors asking where the power went.
Image source: Getty Images.
The Oklo stock sell-off Oklo is building fast-fission nuclear power plants called Aurora powerhouses and is still a pre-revenue company.
The nuclear energy stock didn't fall because the company is falling apart. It fell because investors are demanding proof of execution, especially after the company missed a July 4 deadline of achieving criticality (a nuclear reactor reaching a self-sustaining nuclear fission chain reaction) at its first reactor. That was a deadline set by the DOE.
Instead, on July 23, Oklo received start-up authorization for its Groves Isotope Test Reactor, clearing the way for fuel loading and testing.
The missed deadline coincided with a sell-off across the advanced nuclear space, hitting early stage small and modular reactor developers hardest.
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Shares of Nuscale Power, for instance, fell around 16% in July. In contrast, nuclear energy companies like Constellation Energy and Vistra, which are actually operating large fleetS of nuclear reactors and powering up data centers, logged smaller losses, with Vistra falling only 1% in July. That divergence proves the market wasn't questioning nuclear energy's potential amid the AI boom, but trimming stakes in companies that haven't built anything yet.
The only thing you should know before buying Oklo stock Oklo achieved first criticality at its Groves Isotope Test Reactor on Aug 6, making it the first reactor under the DOE's Reactor Pilot Program to achieve criticality on private land built on a greenfield site from scratch.
Isotopes are chemical elements used for cancer treatment, medical imaging, industrial radiography, and space exploration. Oklo is among the few companies developing a domestic supply chain for isotopes.
Oklo shares rallied after the update, which coincided with its second-quarter earnings release, but seem to be struggling to sustain momentum.
Oklo's Q2 net loss doubled to $48.5 million, with earnings of $0.28 per share missing analysts' estimates by a wide margin. Oklo also raised its full-year cash-use guidance, now expecting to burn $120 million to $150 million in operating activities and $400 million to $500 million in capital spending, both well above prior targets.
Analysts are debating Oklo's costs and cash burn. Analysts from Truist Securities, for instance, just cut the stock's price target to $51 per share from $55 a share.
Oklo doesn't expect to deploy its first Aurora powerhouse before 2028, and is itself calling that target "ambitious", citing a range of "supply chain, construction, macroeconomic, and design complexities."
That's not analyst skepticism. It is the company's own risk estimate, and something anyone who wants to invest in Oklo stock should bear in mind.
ECPG za tři měsíce vzrostl o 16,3 % díky rekordním inkasům a vyššímu výhledu na zisk. Ve 2. čtvrtletí dosáhly globální inkasa rekordu 737 mil. USD a tržby stouply o 11 % na 491,9 mil. USD.
Key Takeaways ECPG rose 16.3% in three months as record collections and stronger earnings expectations supported momentum.EPG posted record Q2 global collections of $737 million, while U.S. collections climbed 17% to $572 million.ECPG trades below key peer benchmarks, but rising legal costs and $4.18 billion in borrowings pose risks. Encore Capital Group, Inc. (ECPG - Free Report) has gained 16.3% over the past three months, sharpening the focus on whether operating momentum can keep supporting the advance.
ECPG shares have outperformed the industry over the same period. The stock has also performed better than Synchrony Financial (SYF - Free Report) but has lagged Capital One (COF - Free Report) over the past three months.
3-Month Price Performance
Image Source: Zacks Investment Research
Record collections, higher earnings expectations and a peer valuation discount strengthen ECPG’s case. The counterweight is a more demanding setup after the rally. Rising legal collection costs, substantial borrowings and heavy U.S. exposure leave less room for execution or credit-market conditions to weaken.
ECPG's Record Collections Strengthen the Bull CaseSecond-quarter global collections reached a record $737 million, up 13% year over year. Revenues increased 11% to $491.9 million, while U.S. collections rose 17% to a record $572 million.
The performance reflects continued portfolio investment and better collection execution. Management tied the U.S. gains to new technologies, enhanced digital capabilities and operational innovation that are helping reach more consumers and expand the payer base.
Driven by this momentum, the Zacks Consensus Estimate for sales reflects a year-over-year rise of 8.9% in 2026 and 2.1% in 2027.
Sales Estimates
Image Source: Zacks Investment Research
Encore Capital's Earnings Outlook Keeps RisingEncore raised its 2026 GAAP earnings outlook to $13-$14 per share, even after absorbing $1 per share of refinancing costs in the second quarter. The Zacks Consensus Estimate for 2026 earnings is $13.52 per share, up from $10.91 in 2025.
Earnings Estimates
Image Source: Zacks Investment Research
Estimate revisions add to that momentum. The current year earnings estimate has increased 3.9% over the past four weeks, suggesting analysts have become more constructive as collections and portfolio revenues improve.
Earnings Estimate Revision Trend
Image Source: Zacks Investment Research
ECPG's Valuation Still Trails Key BenchmarksECPG trades at 6.68X forward 12-month earnings, below the 8.52X multiple for its Zacks sub-industry. That discount gives the stock a valuation cushion relative to peers despite the recent price advance.
The stock is not unusually cheap against its own history. Its five-year median forward multiple is 6.5X, below the current level, so the valuation case rests more on a peer discount than on a deep historical discount.
P/E F12M
Image Source: Zacks Investment Research
Encore Capital is inexpensive compared with Capital One and Synchrony Financial. At present, AllianceBernstein has a forward 12-month P/E of 10.02, while Capital One and Synchrony Financial trade at forward 12-month P/E of 9.94X and 7.85X, respectively.
Encore Capital's Risks Could Test the RallyThe business remains highly dependent on U.S. credit conditions. Midland Credit Management accounted for 85.2% of global portfolio purchasing dollars in the first half of 2026, leaving fewer offsets if U.S. supply, pricing or consumer payment behavior turns less favorable.
For broader credit-cycle context, Capital One operates a large credit-card business, making its delinquency and charge-off trends relevant to debt-buying supply. Synchrony Financial also has substantial consumer-credit exposure, so its credit performance offers another read on the environment feeding charged-off receivables into the market.
Cost and leverage risks also matter. First-half legal collection costs rose 25.8% year over year, while borrowings reached $4.18 billion as of June 30, 2026. If collections slow, that combination could pressure margins and cash efficiency.
Can ECPG Sustain Its Recent Momentum?The next phase depends on whether higher collections, favorable U.S. portfolio supply and rising earnings can keep offsetting cost and funding pressure. Management expects 2026 portfolio purchases of $1.4-$1.5 billion and collections of $2.80-$2.85 billion.
Continued execution could support further gains as collection outperformance feeds into future portfolio revenues. A slowdown in collections or less favorable U.S. conditions, however, could challenge expectations after the stock's recent advance.
How ECPG's Ratings Frame the MomentumThe ratings picture supports the near-term case but is not uniformly favorable. ECPG currently sports a Zacks Rank #1 (Strong Buy), while its Value Score of B indicates an attractive value profile relative to many other stocks. You can see the complete list of today's Zacks #1 Rank stocks here.
The Growth Score of F, Momentum Score of C and VGM Score of F are more cautious signals. Because the Style Scores are designed to complement the Zacks Rank, the mix argues for balancing favorable estimate momentum and valuation against weaker growth and combined style characteristics after the rally.
Encore Capital zvýšila výhled zisku na akcii pro rok 2026 na 13–14 USD na akcii, včetně refinančního nákladu 1 USD na akcii, a globálních inkas na 2,80–2,85 miliardy USD. Refinancování má ročně ušetřit asi 15 milionů USD.
Key Takeaways Encore raised 2026 EPS guidance to $13-$14, including a $1-per-share refinancing cost.ECPG lifted 2026 global collections guidance to $2.80-$2.85 billion, implying 8%-10% growth.Encore expects refinancing to save about $15 million annually, though borrowings reached $4.18 billion. Encore Capital Group, Inc. (ECPG - Free Report) raised key parts of its 2026 outlook after a strong first half, putting more weight on collections growth and operating execution. The revised guidance improves visibility into the earnings path.
The higher bar also increases the importance of delivery. Funding costs, leverage and rising legal collection expenses remain meaningful constraints as investors assess whether recent operating momentum can translate into sustained earnings growth.
Encore Capital Raises the Bar for 2026Encore now expects 2026 earnings of $13-$14 per share, up from its prior projection of about $13. The new range signals greater confidence in full-year performance after the first half.
The guidance includes $1 per share of refinancing costs absorbed in the second quarter. That makes the increase more notable because the higher range already incorporates the refinancing-related earnings drag.
The Zacks Consensus Estimate points to a clear earnings step-up. Earnings are projected to increase from $10.91 per share in 2025 to $13.52 in 2026 and $14.64 in 2027.
Earnings Estimates
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Estimate revisions add to that momentum. The current year earnings estimate has increased 3.9% over the past four weeks, suggesting analysts have become more constructive as collections and portfolio revenues improve.
Earnings Estimate Revision Trend
Image Source: Zacks Investment Research
ECPG's Collections Outlook Moves HigherManagement raised 2026 global collections guidance to $2.80-$2.85 billion, implying growth of 8%-10% year over year. The prior outlook called for about $2.8 billion, or 8% growth.
Second-quarter global collections rose 13% to a record $737 million. The result followed strong first-half execution and supports the view that recent portfolio purchases and collection improvements are translating into higher collections.
Driven by this momentum, the Zacks Consensus Estimate for sales reflects a year-over-year rise of 8.9% in 2026 and 2.1% in 2027.
Sales Estimates
Image Source: Zacks Investment Research
Encore Capital's Refinancing Adds a Funding TailwindEncore's May refinancing is expected to save about $15 million in annual interest expense. Lower financing costs can provide earnings support as the company continues deploying capital into receivable portfolios.
The benefit comes with an important offset. Encore expects 2026 interest expense, including other income, of about $295 million, underscoring the funding sensitivity of a business that relies on borrowings to finance portfolio purchases.
ECPG's U.S. Supply Supports Portfolio DeploymentEncore maintained its 2026 portfolio purchase outlook of $1.4-$1.5 billion. Management continues to see favorable U.S. supply, supported by elevated revolving credit balances and charge-offs, while Midland Credit Management's scale, analytics and collection capabilities help it target attractive returns.
PRA Group, Inc. (PRAA - Free Report) , another buyer and collector of nonperforming loan portfolios, said second-quarter 2026 portfolio income increased 7% to $267.8 million, driven by strong recent purchases at improved returns. Capital One Financial Corporation (COF - Free Report) , a major U.S. card lender, reports delinquency and charge-off trends that provide another read on the consumer-credit backdrop influencing future debt-sale supply.
Encore Capital Still Faces Cost and Leverage RisksLegal collection expenses increased 25.8% year over year in the first half of 2026. If collections growth slows, that faster-growing cost line could pressure operating leverage and cash efficiency.
Borrowings reached $4.18 billion at June 30, 2026. The company also remains heavily dependent on U.S. conditions, with Midland Credit Management accounting for 85.2% of first-half global portfolio purchasing dollars. Higher funding costs or weaker U.S. collections could therefore make the raised outlook harder to achieve.
How ECPG's Ratings Fit the Raised OutlookThe bottom line is that the raised outlook strengthens near-term earnings visibility, but execution still matters. ECPG currently carries a Zacks Rank #1 (Strong Buy), which is supportive of the stock's near-term earnings-revision picture. Like Encore Capital, PRA Group also sports a Zacks Rank #1, while Capital One carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Its Style Scores are mixed. ECPG has a Value Score of B, Growth Score of F, Momentum Score of C and VGM Score of F. The favorable Value Score complements the top Zacks Rank, while the weaker Growth and VGM Scores argue for monitoring whether improved guidance translates into durable growth rather than assuming the outlook upgrade settles the investment case.
CoreWeave dnes večer oznámí výsledky za 2. čtvrtletí; Jefferies očekává výsledek v souladu s odhady a jako další katalyzátor sleduje spíše možné zrušení plánovaných prodejů ze strany zakladatelů.
CoreWeave Inc (NASDAQ:CRWV) reports second-quarter earnings tonight, with Jefferies maintaining a Buy rating and $150 price target even as it flags that a major profitability inflection is still months away.
CoreWeave shares have climbed roughly 45% since hyperscaler earnings reaffirmed insatiable demand for AI compute.
Jefferies sees the stock as attractively valued at a $48 billion market cap against more than $99 billion in remaining performance obligations, and believes the eventual cancellation of founders' 10b5-1 selling plans could drive a re-rating.
Analysts do not expect a major EBIT inflection until the fourth quarter of 2026. Jefferies forecasts an in-line second-quarter print, with about 70% of full-year guided EBIT arriving in the fourth quarter, translating to roughly 15% fourth-quarter margins.
Data center deliveries are tracking on schedule. Three providers have converted a combined 420 megawatts of contracted power into turnkey capacity since the first quarter: Galaxy Digital (TSX-V:GLXY) (133 MW), Applied Digital (75 MW) and Core Scientific (252 MW).
A recent 8-K disclosed a delayed draw term loan with a roughly five-year duration versus average customer contracts of about three years, a shift from prior financing matched to contract terms. Jefferies said this points to CoreWeave capturing higher revenue-per-gigawatt economics on shorter deals, citing data suggesting $30 billion to $50 billion of revenue per gigawatt for the latest deployments.
The firm sees backlog upside as well. CoreWeave's 3.86+ gigawatts of contracted power implies over $46 billion of annual revenue potential, and assuming roughly five-year contracts, backlog could exceed $230 billion.
Jefferies also noted co-founders have sold about $2.9 billion of stock via 10b5-1 plans since the IPO, led by CSO Brian Venturo ($1.18 billion, 30% of shares), CDO Brannin McBee ($999 million, 36%) and CEO Michael Intrator ($730 million, 12%). Venturo has slowed his pace, accounting for just 5% of the $375 million in stock sold by co-founders since June 23. Jefferies said it will watch for any plan cancellations at earnings.
Strong hyperscaler results also support demand, Jefferies said. Combined backlog at major hyperscalers and Oracle rose $320 billion quarter-over-quarter, and the firm raised its 2026/2027 capex estimates for Oracle, Microsoft, Amazon and Alphabet to $811 billion and $1.1 trillion.
Shares of CoreWeave rose around 1% on Tuesday morning.
CoreWeave má backlog ve výši 99,4 miliardy USD a trh bude sledovat, zda dál poroste. Klíčová je schopnost proměnit kontrakty v kapacitu, protože zadlužení a úroky rychle rostou.
There’s a version of the CoreWeave story where everything is going right.
Revenue is more than doubling year over year. The contracted backlog stands near $100 billion. Fleet capacity is effectively sold out, pricing is holding, and the customer list reads like a directory of the frontier AI industry.
And yet the stock has fallen more than 30% over the past year and sits about 50% below its all-time high. When the operating story and the share price diverge this sharply, it usually means the market is asking a question the income statement hasn’t answered yet.
CoreWeave gets its next chance this evening after the closing bell. What does the report actually hinge on?
Image Source: StockCharts
What Tuesday Is Supposed to Look LikeThe Zacks Consensus Estimate calls for a second-quarter loss of $1.17 per share on revenues of $2.5 billion. That revenue figure implies growth of roughly 109% year over year — a genuinely extraordinary number for a company of this size — and sits comfortably within management’s own guidance band of $2.45 to $2.6 billion.
The bottom line is where the discomfort lives. That $1.17/share loss estimate has widened 14.71% over the past 60 days and represents a deterioration of more than 300% from the year-ago figure. Analysts, in other words, have spent the last two months marking their loss expectations lower, not higher.
Image Source: Zacks Investment Research
The track record heading in is mixed. CoreWeave has missed the Zacks Consensus Estimate in three of the trailing four quarters while beating once, with an average surprise of 3.8%. Our proven model does not predict an earnings beat this time around, and the stock carries a Zacks Rank #3 (Hold).
That combination isn’t a forecast of disaster — it simply means the statistical edge you’d want heading into a volatile print isn’t present. And volatile it should be: options markets are pricing in a post-earnings move of roughly 15.5% in either direction.
The Number That Actually MattersRevenue will grab the headline, but remaining performance obligations — the contracted revenue CoreWeave (CRWV - Free Report) has signed but not yet recognized — is the metric that will move the stock. As of the first quarter, that backlog stood at $99.4 billion, anchored by relationships with OpenAI, Meta, Microsoft, and Anthropic, alongside newer engagements with firms like Cline and Perplexity.
The bull case rests entirely on conversion. Revenue only gets recognized once data center capacity is delivered and switched on, not when a contract is signed. CoreWeave has surpassed a gigawatt of active power with more than 3.5 gigawatts contracted, targeting 8 gigawatts by 2030, and its first self-build facility is expected online later this year.
If that capacity arrives on schedule, the backlog converts and the margin profile steepens dramatically. Watch for the updated backlog figure Tuesday; growth from $99.4 billion would signal demand is still outrunning capacity, while a flat or declining number would raise harder questions.
The Balance Sheet Has Become the StoryHere’s what changed this year. CoreWeave built its position by borrowing aggressively — against future revenue and against the GPUs themselves — and that worked beautifully while the narrative was pure growth.
But things become problematic once interest expense starts consuming the income statement. The company closed the first quarter with roughly $25 billion in debt after raising $8.5 billion in new debt during the quarter alone, and interest expense is expected to climb to as much as $730 million in the second quarter.
Management also raised full-year capital expenditure guidance to $31–$35 billion, citing higher component costs and the spending required to bring new capacity online. That component-cost pressure is the same memory and semiconductor inflation showing up across the AI infrastructure complex — CoreWeave is paying more for the same compute.
The market’s reaction to the first-quarter report in May was instructive: revenue beat, but light second-quarter guidance combined with a higher capex forecast sent shares down around 11%. Investors have made clear they now want to see spending convert to cash.
What’s Genuinely WorkingOn the positive side, CoreWeave demonstrated real technical leadership in the MLPerf Training v6.0 benchmark, training the DeepSeek-V3 671B model in just 2.02 minutes, and it became the first AI cloud provider to complete system-level validation of Nvidia’s Vera Rubin NVL72 architecture.
Nvidia itself increased its investment in the company to $2 billion earlier this year — meaningful validation from the supplier that knows this market best. Adding to the bullish narrative, S&P Global has upgraded the company’s credit rating.
Bottom LineThere’s no denying that the risks are real. Customer concentration remains significant, with a handful of large AI companies driving most of the revenue — and one of them, Meta, has signaled ambitions to expand into cloud infrastructure itself, which would turn a major customer into a competitor.
Profitability remains elusive while insider selling has continued. Tuesday’s report won’t settle the debate, but it will move the goalposts.
Key Takeaways Circle raised 2026 other-revenue guidance to $310M-$330M, with Arc driving the increase.Arc's $242M token presale is expected to contribute $180M in 2026 as product milestones are achieved.USDC circulation ended Q2 at $73.3B, while onchain transaction volume jumped 151% to $14.8T. Circle Internet Group, Inc. (CRCL - Free Report) used its second-quarter earnings call to put Arc at the center of its next growth phase, with management framing the blockchain network as a major platform opportunity ahead of its Sept. 16 mainnet launch.
The company also raised its 2026 other-revenue outlook sharply. Earnings of $0.18 per share topped the Zacks Consensus Estimate of $0.16, while total revenues and reserve income of $701.3 million came in below the $741.8 million consensus estimate.
Circle Puts Arc at Center of Platform StrategyCo-founder, chairman and chief executive officer (CEO) Jeremy Allaire said Arc already has more than 100 ecosystem and institutional builders, with BlackRock and DTCC among the major partners preparing integrations around tokenized assets and settlement.
A Goldman Sachs analyst asked why Circle was prioritizing Arc over additional blockchain partnerships. Allaire said Arc represents one of the company’s largest opportunities and could become a broad operating-system layer for financial and economic activity.
Chief financial officer (CFO) Jeremy Fox-Geen said the shift carries near-term tradeoffs. Other revenues declined $8 million sequentially as blockchain revenue moderated and Circle deliberately directed resources toward Arc.
CRCL Lifts Arc-Driven Revenue OutlookFox-Geen raised 2026 other-revenue guidance to $310 million-$330 million from $150 million-$170 million, with Arc driving the increase.
The CFO said Circle completed a $242 million ARC Token presale in Q2 and expects to recognize $180 million in 2026 as product milestones are achieved. The remaining product portfolio is expected to contribute $130 million to $150 million.
CRCL also lifted its 2026 revenue-less-distribution-cost margin outlook to 41.7-43.7% from 38-40%. Adjusted operating-expense guidance remained $570 -$585 million, with management expecting spending near the high end.
Circle Defends USDC Distribution EconomicsUSDC ended Q2 with $73.3 billion in circulation, up 19% year over year, while average circulation reached $76.5 billion. Onchain transaction volume rose 151% to $14.8 trillion.
A Citi analyst pressed management on whether competing distribution models could pressure Circle’s economics. Allaire said Circle already has more than 150 distribution agreements and can structure additional arrangements alongside Coinbase where partners can materially expand USDC adoption.
Fox-Geen said the Hyperliquid arrangement had minimal Q2 impact because migration ramped late in the quarter, with the financial effect expected to begin in Q3. At quarter end, about 90% of Hyperliquid’s USDC was on Coinbase’s platform and 10% on Circle’s.
CRCL Moves CPN Toward MonetizationAllaire said Circle Payments Network reached $14.7 billion in annualized trailing-30-day payment volume at quarter end, up 76% sequentially, with 175 financial institutions enrolled.
By July 31, annualized payment volume had climbed to $23 billion. Allaire said the priority has been scaling the network, but Circle plans to begin monetizing CPN in the second half of 2026.
The CEO also said CPN and related payment products now reach more than 58 countries. Management positioned payments as one of three platform pillars alongside digital assets and Arc-based developer infrastructure.
Circle Builds Agentic Finance Around USDC and ArcAllaire said 99.3% of x402 agent-payment volume settles in USDC, while Circle’s Agent Stack marketplace has more than 900 paid services.
A Clear Street analyst asked when agentic commerce could become more meaningful financially. Allaire said the second-half roadmap centers on agent identity, automated discovery, reputation systems and tools that let agents earn from services.
A Needham analyst asked about Circle’s competitive position in x402. Allaire, who noted Circle was an early design partner, said growing agentic usage should support USDC transaction activity while also driving adoption of Arc infrastructure.
CRCL Ends Call With an Execution FocusManagement’s tone remained confident around Arc, USDC distribution and payments expansion, while acknowledging softer digital-asset markets and lower reserve yields as near-term constraints.
Fox-Geen maintained Circle’s multi-year 40% USDC circulation growth CAGR framework and said the company intends to keep investing in the platform. He also ruled out near-term quarterly dividends, favoring balance-sheet capacity for growth investments.
Zacks Signals Stay MixedCRCL carries a Zacks Rank #3 (Hold). Its Growth Score of B is the strongest style reading, while the Value Score of D is weaker and the Momentum and VGM Score of C each sits in the middle of the grading scale.
The combination does not carry the stronger signal associated with Zacks Rank #1 (Strong Buy) or #2 (Buy) stocks paired with an A or B Style Score. The Zacks Rank can change as earnings estimates are revised following the just-reported results.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Figma po prvním plném čtvrtletí monetizace AI kreditů zvýšila výhled tržeb na rok 2026. Více než 80 % platících zákazníků s ročním opakovaným výnosem (ARR) nad 10 000 USD týdně čerpalo AI kredity.
Key Takeaways Figma raised 2026 revenue guidance after its first full quarter of AI credit monetization.More than 80% of Figma paid customers above $10,000 ARR consumed AI credits weekly; NDR held at 136%.FIG guided Q3 revenues to $373M-$375M as unmonetized beta products continued to pressure gross margin. Figma, Inc. (FIG - Free Report) used its second-quarter 2026 earnings call to frame AI consumption as the next expansion layer on top of seat growth, while noting that several new AI products still do not draw paid credits.
Management raised its 2026 revenue outlook after the first full quarter of AI credit monetization, but analysts focused on the modest sequential third-quarter guide and the gross-margin cost of funding beta products before monetization.
Figma Sees AI Monetization BroadeningCEO Dylan Field said the second quarter marked Figma’s first full quarter of AI monetization and described adoption as following a familiar pattern: concentrated usage among power users that broadens across organizations.
CFO Praveer Melwani said more than 80% of paid customers with over $10,000 in ARR were consuming AI credits weekly. Net dollar retention remained 136%, while roughly two-thirds of those customers added full seats at renewal.
Non-GAAP EPS of 8 cents topped the Zacks Consensus Estimate of 4 cents. Revenues of $370.10 million exceeded the consensus mark of $350.80 million and rose 48% year over year.
FIG Expands the Full-Stack Creation PushField positioned Code Layers, Figma Make and the MCP server as core pieces of Figma’s move toward a full-stack creation canvas. Write-to-Figma MCP usage rose 75% quarter over quarter.
Management also highlighted Motion, Shaders and Weave as tools extending the platform beyond interface design into animation, visual effects and AI-generated media.
More than 50% of paid customers above $10,000 in ARR were using the Figma agent weekly by July 31. More than 20% of weekly credit-consuming users on paid plans were exclusively using credits through the agent.
Figma Balances AI Costs With Margin DisciplineMelwani said non-GAAP gross profit rose 40% year over year to $314 million, while non-GAAP gross margin reached 85%, up 2.5 percentage points sequentially.
He emphasized model routing, provider optimization and first-party models as levers for lowering inference costs. Field said cost improvements would not come at the expense of quality or latency.
The agent, Make on local code, Motion, generative plugins and Code Layers do not yet consume paid credits while in beta or early access. Management said that can pressure gross margin before monetization begins.
FIG Guidance Faces Sequential Growth ScrutinyFigma guided third-quarter revenues to $373-$375 million, implying 36% year-over-year growth at the midpoint. Full-year guidance rose $40 million to $1.463-$1.467 billion, or 39% growth at the midpoint.
Goldman Sachs and Citigroup analysts pressed management on the limited sequential increase implied by third-quarter guidance. Melwani said the outlook reflects high-visibility trends and begins to lap the March 2025 pricing changes.
In response to JPMorgan, Melwani said the full-year outlook does not include revenues from products still in beta or early access that are not drawing paid credits. Figma will incorporate them only after observing monetization.
Figma Deepens Enterprise ExpansionMelwani said paid customers with more than $10,000 in ARR increased 34% year over year to 15,964, while customers above $100,000 in ARR rose 46% to 1,635. International revenues grew 50%.
He also cited enterprise customers increasing AI commitments after productivity gains and broader adoption. One technology infrastructure customer increased its purchased credit commitment fivefold from its first add-on within the quarter.
Asked by RBC whether new products drive new logos or expansion, Melwani said the larger opportunity currently centers on adding paid seats within existing enterprise plans, while the lower end has also seen stronger customer acquisition.
FIG Keeps Investment Ahead of Near-Term MarginManagement maintained full-year non-GAAP operating income guidance of $125-$135 million, equal to a 9% operating margin at the midpoint, despite raising revenue guidance.
Melwani said Figma will keep investing in product and go-to-market capacity where it can strengthen long-term advantage, even at a temporary margin cost. He also said AI tools have allowed the company to hire fewer people than originally planned.
Zacks Signals for FigmaFIG carries a Zacks Rank #2 (Buy). Its Momentum Score of B is the strongest Style Score, while the Value Score is F, the Growth Score is D and the VGM Score is F.
Zacks Style Scores complement the rank, with A and B grades preferred alongside Zacks Rank #1 (Strong Buy) or 2. FIG’s profile therefore combines a favorable rank and Momentum reading with weak Value, Growth and VGM signals. The Zacks Rank can change as earnings estimates are revised after the just-reported results. You can see the complete list of today’s Zacks #1 Rank stocks here.
Silicon Motion uvedla MonTitan SSD RDK pro AI úlohy s vysokými nároky na úložiště. Platforma využívá PerformaShape a nové řadiče PCIe 5.0 a 6.0 pro předvídatelný výkon SSD.
Key Takeaways SIMO launched MonTitan SSD RDK to address demanding storage needs of Agentic AI workloads.PerformaShape enables precise workload management, predictable quality of service and persistent memory.SIMO integrates PerformaShape into PCIe 5.0 and 6.0 controllers to support scalable AI storage solutions. Silicon Motion Technology Corporation (SIMO - Free Report) has strengthened its footprint in the evolving artificial intelligence (AI) infrastructure market by introducing its MonTitan SSD Reference Design Kit (RDK). The new platform is designed to deliver high performance, predictable latency and sustained data processing to meet the demanding storage requirements of Agentic AI workloads.
Silicon Motion has incorporated its next-generation PerformaShape technology into the platform to enhance SSD quality of service by enabling more precise management of complex and rapidly changing workloads. The solution enables enterprise SSDs to serve as a persistent memory layer for applications such as KV cache offload and autonomous AI agents, while performance monitoring and NVMe TP4176 API support help maintain predictable quality of service under the complex and rapidly changing workloads of multi-agent and multi-tenant AI environments.
The company has integrated PerformaShape into its SM8366 PCIe 5.0 and SM8466 PCIe 6.0 enterprise SSD controllers, providing SSD manufacturers with a scalable foundation for developing AI-focused storage solutions. The MonTitan RDK can help simplify product development, shorten the time to market, and support the growing storage needs of AI servers and data centers.
The launch underscores Silicon Motion’s strategy to capitalize on the rising storage requirements of AI infrastructure. As AI workloads become increasingly data-intensive and latency-sensitive, the company’s controller technology and focus on predictable SSD performance could support greater adoption of its enterprise storage solutions.
How Are Competitors Advancing in the AI Space?Silicon Motion faces competition from Seagate Technology Holdings plc (STX - Free Report) and Micron Technology, Inc. (MU - Free Report) . Seagate is strengthening its position in AI infrastructure by advancing high-capacity storage solutions for data centers. The company introduced its next-generation Mozaic 4+ platform and continues to advance HAMR technology to address the massive data storage requirements of AI workloads. Seagate’s high-capacity HDD technology could benefit from rising demand for cost-efficient, large-scale storage.
Micron is expanding in AI infrastructure with advanced memory and storage solutions, including HBM4, high-capacity server memory and PCIe Gen6 SSDs. The company is enhancing its product portfolio to address the performance, bandwidth and capacity requirements of next-generation AI training and inference workloads. Micron’s agreement with Anthropic strengthens its position in the growing AI market by supporting advanced memory and storage needs.
SIMO’s Price Performance, Valuation and EstimatesSilicon Motion shares have skyrocketed 198% over the past year compared with the industry’s growth of 181.4%.
Image Source: Zacks Investment Research
Going by the price/earnings ratio, the company's shares currently trade at 16.1 forward earnings, higher than 11.36 for the industry.
Image Source: Zacks Investment Research
Earnings estimates for 2026 have increased 33.3% to $11.16 over the past 60 days, while those for 2027 have increased 56.4% to $16.34.
Image Source: Zacks Investment Research
Silicon Motion stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Harrow ve 2. čtvrtletí zvýšil tržby na 70,7 milionu USD, meziročně o 11 %, a potvrdil celoroční výhled tržeb 350 až 365 milionů USD. VEVYE i IHEEZO táhly růst, přičemž VEVYE přidal téměř 58 % na 29,4 milionu USD.
Harrow NASDAQ: HROW reported second-quarter revenue of $70.7 million, up 11% from a year earlier and about 60% sequentially, as the ophthalmic pharmaceutical company said it entered the second half of 2026 with stronger demand across several products, improved pricing and expanded commercial infrastructure.
First-half revenue totaled about $115 million, which Chief Executive Officer Mark L. Baum said was below the company’s expectations entering the year, primarily because of the net revenue impact from VEVYE. Harrow nevertheless reiterated its full-year guidance for revenue of $350 million to $365 million and adjusted EBITDA of $80 million to $100 million.
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The outlook implies second-half revenue of roughly $235 million to $250 million. President and Chief Financial Officer Andrew Boll said the company expects sequential revenue growth in both the third and fourth quarters, with the larger increase expected in the fourth quarter.
Second-Quarter Results and Margin Outlook VEVYE generated quarterly revenue of $29.4 million, up nearly 58% year over year. Baum said prescriptions increased 21% sequentially, while the prescriber base expanded 15%. The product ended June with a 14.6% share of the branded dry eye market, according to IQVIA data cited by Chief Commercial Officer Patrick Sullivan.
Harrow changed VEVYE business rules at the end of April, reducing co-pay card utilization and improving the product’s average selling price, according to management. Boll said the company expects additional pricing improvement in the second half as the updated rules apply for a full period, patients meet annual deductibles and expanded commercial coverage takes effect.
IHEEZO generated $15.6 million in second-quarter revenue, largely from wholesaler stocking orders for a new five-pack presentation. Revenue lagged underlying demand because distributors were selling through previously acquired inventory, Boll said. Unit demand reached a quarterly record of 65,477 units, up 44% sequentially and 34% year over year.
Management said IHEEZO channel inventory has normalized, and approximately 25% higher net pricing became effective July 1. Baum said the product’s gross margin exceeds 90% and should make a significant contribution to second-half revenue growth and profitability.
The specialty portfolio and TRIESENCE contributed approximately $11 million of revenue, while the compounded portfolio contributed $14.6 million. TRIESENCE demand rose 162% year over year to 14,529 units, with 54% of demand coming from ocular surgery, Sullivan said.
GAAP gross margin was 71% in the quarter. Harrow expects gross margins to return toward the high-70% range in the second half, supported by IHEEZO’s normalizing revenue cycle, rising revenue, VEVYE growth and product mix.
SG&A expense was $53.3 million, reflecting commercial investments made during the quarter. Excluding employees expected to join through the pending TYRVAYA transaction, Boll said base SG&A is expected to remain approximately flat for the rest of 2026. Adjusted EBITDA was negative $1.2 million, and Harrow ended the quarter with $83.9 million in cash and cash equivalents.
Commercial Expansion and Product Drivers Harrow formally launched BYOOVIZ on July 1, following modest stocking activity during the second quarter. Management said early physician engagement has been encouraging and that the biosimilar product fits within the company’s retinal commercial organization.
The company also cited the relaunch of VERKAZIA, a permanent J-code for IOPIDINE effective July 1, and an expanded Access Plus commercial organization as incremental growth drivers. Harrow tripled its surgical commercial organization during the second quarter to support TRIESENCE, though management said the new representatives remain early in their productivity ramp.
For IHEEZO, Baum said Harrow is concentrating on in-office retina and other procedures following the loss of pass-through reimbursement in cataract surgery on April 1. He said the company estimates it has less than 2% share of its overall addressable IHEEZO market and sees more than 10 million annual procedures across intravitreal injections and other in-office uses as opportunities.
Harrow also secured expanded commercial coverage for VEVYE through a top-three pharmacy benefit manager, effective Aug. 1. Baum said the agreement opens access to “many millions” of commercial lives that had previously been blocked, though he did not disclose formulary positioning. Management said the company expects the coverage agreement to improve unit revenue for VEVYE.
Pending TYRVAYA Acquisition Subject to closing, Harrow plans to acquire global rights to TYRVAYA, a dry eye treatment approved in the U.S. and China and under regulatory review in five additional countries. The company expects to use $30 million of cash on hand for the upfront consideration.
Management expects only a modest TYRVAYA revenue contribution in 2026 due to the anticipated timing of closing and integration. For 2027, Boll said Harrow expects TYRVAYA to generate more than $30 million in revenue and be financially accretive. The company anticipates that adding commercial personnel from Viatris Eye Care will increase annualized SG&A by about $20 million once fully integrated.
Sullivan said TYRVAYA would complement VEVYE by offering a drop-free treatment option, including for contact lens wearers. Harrow expects to integrate experienced dry eye sales representatives from Viatris during the fourth quarter, with the added team supporting both products.
Pipeline Updates Chief Scientific Officer Amir Shojaei said Harrow has secured a pre-new drug application meeting with the U.S. Food and Drug Administration for G-MELT, or MELT-300, scheduled for early in the fourth quarter. The company remains on track to submit a new drug application during the first half of 2027.
G-MELT is being developed as an IV-free, opioid-free procedural sedation option. Assuming a successful regulatory review, Harrow continues to target potential FDA approval in the first half of 2028 and a commercial launch later that year.
Harrow is also advancing YOCHIL, or MELT-210, an orally disintegrating midazolam tablet under development for pediatric patients undergoing diagnostic and therapeutic endoscopic procedures. Shojaei said the company completed an end-of-phase II meeting with the FDA earlier this year and continues to target an NDA submission in 2027.
In addition, Harrow said its QUELL study of IHEEZO is enrolling and is expected to complete enrollment later in 2026, with results anticipated by year-end. The double-masked controlled trial is evaluating anesthetic effect and patient outcomes compared with subconjunctival lidocaine in intravitreal injection procedures.
About Harrow (NASDAQ:HROW)Harrow Health, Inc NASDAQ: HROW is a U.S.-based commercial-stage biopharmaceutical company specializing in ophthalmic therapeutics and diagnostics. The company focuses on the development, manufacturing and distribution of proprietary, generic and branded eye care products designed to treat a range of ocular conditions, including glaucoma, ocular hypertension, dry eye disease and other anterior segment disorders.
Through its wholly owned affiliate ImprimisRx, Harrow Health offers a direct-to-physician model for customized formulations as well as low-cost generic alternatives.
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Sandisk oznámil osm víceletých smluv se zákazníky z oblasti datových center a edge, které pokrývají více než 50 % bitů pro fiskální rok 2027. Firma zároveň zvýšila výhled tržeb na 1. fiskální čtvrtletí 2027 na 10,3–10,8 mld. USD.
Key Takeaways Sandisk has eight multiyear Datacenter and Edge deals covering over 50% of fiscal 2027 bits.Sandisk's Datacenter bit mix rose to 38% from about 12% as enterprise SSD adoption broadened.SNDK guides fiscal Q1 2027 revenues to $10.3B-$10.8B and non-GAAP EPS to $44-$46. Sandisk Corporation (SNDK - Free Report) used its fiscal fourth-quarter 2026 earnings call to emphasize multiyear customer commitments, rising AI-related storage demand and a more predictable NAND business model.
The quarter’s non-GAAP EPS of $39.25 exceeded the Zacks Consensus Estimate of $34.24. Revenues of $8.97 billion beat the consensus mark of $8.30 billion.
SNDK Locks in Multiyear DemandExecutive VP and CFO Luis Visoso said Sandisk now has New Business Model agreements with eight Datacenter and Edge customers, with a weighted average duration above four years.
Those agreements are expected to cover more than 50% of fiscal 2027 bits and roughly two-thirds of fiscal 2028 bits. Minimum expected revenues at floor pricing total $93.9 billion.
Chairman and CEO David V. Goeckeler said customers are already returning to request more supply, reinforcing management's focus on selective, long-duration agreements with strategic buyers.
Sandisk Expands AI Storage ExposureGoeckeler said Datacenter exited fiscal 2026 at 38% of Sandisk's bit mix, up from roughly 12% a year earlier, as enterprise SSD adoption broadened.
He tied that shift to AI inference, where expanding models, longer context lengths and agentic workloads increase storage requirements. Sandisk also began revenue shipments of its QLC Stargate platform.
During Q&A, a Citi analyst asked about KV-cache demand. Goeckeler said customer discussions continue to deepen and management has become more optimistic about NAND requirements as AI architectures mature.
SNDK Guides for Another Step-UpVisoso guided fiscal first-quarter 2027 revenues to $10.3-$10.8 billion and non-GAAP EPS to $44-$46, with growth from both higher bits and modest price increases.
Non-GAAP gross margin is expected at 83-85%, while non-GAAP operating expenses are projected at $520-$540 million as Sandisk continues investing in R&D.
Visoso also said Sandisk expects the NAND market to exceed $300 billion in calendar 2026 and approach $500 billion in 2027, with customer demand growing faster than supply.
Sandisk Defends Margin DurabilityA Melius Research analyst pressed management on NBM economics. Visoso said the company continues to expect margins around 80% on those agreements, with upside when pricing rises.
A Cantor Fitzgerald analyst asked why gross-margin guidance did not rise despite modest pricing gains. Goeckeler said Sandisk is balancing returns with longer duration and greater business visibility.
Visoso added that NBMs should not be viewed as a margin drag. He cited mix, component-cost assumptions and the guidance range as the main factors shaping the near-term outlook.
SNDK Keeps Supply Growth DisciplinedVisoso said Sandisk remains committed to mid to high-teens long-term bit growth, primarily through technology transitions rather than major wafer additions.
For fiscal 2027, sellable bit growth is expected in the mid-teens as the company carries more inventory to support NBM commitments. Capital spending is projected near 6% of revenues.
A Morgan Stanley analyst asked whether Sandisk could accelerate spending. Visoso said the current plan remains appropriate, while Goeckeler said nodal transitions provide flexibility to track market demand.
Sandisk Accelerates Capital ReturnsSandisk repurchased $4.5 billion of stock during the quarter, and its board authorized another $14 billion, bringing remaining repurchase authorization to $15.5 billion.
Goeckeler said management expects consistent execution of the buyback program, supported by confidence in the portfolio's cash generation.
Visoso said investment in the business remains the first priority, followed by maintaining a strong cash position. He described share repurchases as the preferred current vehicle for returning excess cash.
SNDK Enters Fiscal 2027 With More VisibilityManagement's message centered on replacing quarterly transaction-driven planning with multiyear customer commitments, while keeping supply additions disciplined and tied to technology transitions.
Goeckeler emphasized deeper strategic engagement with major customers, while Visoso focused on attractive agreement economics, R&D investment and continued shareholder returns.
Zacks Signals for SNDKSNDK sports a Zacks Rank #1 (Strong Buy). Its Growth Score and VGM Score are both A, complementing that top rank. SNDK’s Value Score and Momentum Score are both B.
Zacks Style Scores identify A and B grades as favorable, particularly alongside a Zacks Rank #1 or 2 (Buy). The Zacks Rank can change as analyst estimates are revised following the newly reported results. You can see the complete list of today’s Zacks #1 Rank stocks here.
