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New collection introduces larger displays, advanced navigation, on-wrist connectivity and more on 
six uniquely designed luxury watches

, /PRNewswire/ -- Garmin (NYSE: GRMN) today announced MARQ® – the third generation, a collection of six luxury, modern tool watches purpose-built to support a wide range of passions. Crafted from premium materials designed to perform on land, at sea and in the air, the MARQ Adventurer, MARQ Athlete, MARQ Aviator, MARQ Commander, MARQ Diver and MARQ Golfer boast bezels, straps and bracelets that are unique to each watch, along with an exclusive and customizable watch face collection. New navigation features, including worldwide preloaded mapping and address search, help simplify travel while embedded inReach® connectivity1 makes it easier to communicate on the go. And with a built-in speaker and mic, LED flashlight, everyday health and wellness features and more, users have what they need right on their wrist.

The third-generation MARQ Collection is comprised of six luxury, modern tool watches purpose-built to support a wide range of passions.

"We are thrilled to introduce the third-generation MARQ collection, designed for those who demand excellence. These carefully crafted timepieces combine the sophisticated style MARQ is known for with more advanced navigation and smart features than ever before. Each of the six luxury tool watches are tailored to fit the user's lifestyle and reinforce Garmin's mission to create superior products that help our customers pursue their passions."
–Susan Lyman, Garmin Vice President of Consumer Sales and Marketing

Distinctive design

Each piece in the MARQ collection offers an exclusive experience with custom watch straps and bracelets, ceramic bezels with unique inlaid designs and customizable watch faces inspired by much-loved timepieces, including the World Timer, Panda, Flieger and more. Constructed from tough Grade-5 titanium and a strong sapphire lens, the watches are durable while staying lightweight. And with the largest display size yet on a MARQ, the 1.4-inch borderless AMOLED screen offers a clearer view of essential data and details.

Stay on track and in touch

New features on all third-generation MARQ watches help users explore more confidently:

Worldwide preloaded mapping: Ready for adventure right out of the box, preloaded TopoActive maps make it easier to discover new places and navigate to specific addresses anywhere in the world.  
inReach connectivity1: Stay connected while on-the-go without a phone. When connected to LTE, make calls right from the watch and allow loved ones to see a live location in the Garmin Messenger™ app with the new Garmin Locate feature. Exchange text and voice messages and get weather forecasts through satellite or LTE. And if an emergency should happen, trigger an SOS message to get help from the 24/7-staffed Garmin Response℠ coordination center.
Speaker and mic: Control the watch with voice commands, use a connected phone's virtual assistant to respond to text messages2 and more with the built-in speaker and microphone.
Integrated flashlight: Keep the adventure or activity going even in low light conditions with the brilliant, built-in LED flashlight with advanced microlensing optics that provides a smooth, uniform illumination.
Health and wellness at a glance

Third-generation MARQ watches help users stay on top of their health and wellness with the addition of features like the ECG app4, which analyzes heart rhythm recordings to detect signs of atrial fibrillation (AFib.) Along with stress, sleep, Pulse Ox, HRV and other insights, users can also get a custom morning report that shows how well they recovered overnight, plus an evening report that lays out how much sleep they need and details about tomorrow's workout, weather and events.

Get to know MARQ – the third generation

MARQ Adventurer

Engineered for exploration, MARQ Adventurer is complete with a full-grain Italian leather strap and leakproof buttons, combining elegance with enough durability to withstand the toughest treks. Integrated, multi-layered mapping and 360-degree compass markings on the ceramic bezel inlay keep adventurers on course. And with the Preloaded ClimbPro feature, get real-time information about current and upcoming climbs while hiking, riding or running without having to plan out a course on a phone or computer beforehand.

MARQ Athlete

For those seeking to redefine the limits, MARQ Athlete boasts advanced training tools that provide a tailored view of an athlete's health and performance. From enhanced stamina metrics that help athletes better understand the impact of their endurance training, to running economy, which measures their overall running efficiency, the robust collection of fitness features gives athletes the insights they need to improve and reach their goals. And with a silicone rubber strap and ceramic bezel with VO2 max indicator, MARQ Athlete can stand up to even the toughest training days.

MARQ Aviator

From passionate pilots to frequent fliers, MARQ Aviator brings timeless style and essential functionality to the skies. With dynamic flight mapping, a dedicated UTC hand to keep track of time zones, aviation weather reporting and more, aviators have the advanced tools they rely on from takeoff to landing – right on their wrist. Complete with a padded calfskin leather bracelet and a polished black ceramic bezel inlay with UTC markings, MARQ Aviator delivers a refined look worthy of the cockpit.

MARQ Commander

MARQ Commander is mission-ready, equipped with a camo jacquard-woven band, micro knurled buttons and a matte black ceramic bezel inlay with UTC time markings. With a full suite of tactical features like night vision capabilities, stealth mode, Applied Ballistics® solver and more, MARQ Commander helps users stay aware and ready to respond, even in challenging environments.

MARQ Diver

The newest member of the MARQ lineup, MARQ Diver is built for life under the water and on the surface. While the 15mm microadjust strap ensures a perfect fit, the tactile leakproof buttons protect the watch during scuba, apnea and snorkel activities up to 40 meters below the surface, making it ready for underwater exploration and everyday wear. And with a collection of essential features to control the helm like autopilot control and tack assist, MARQ Diver is the ultimate companion for days spent on the water.

MARQ Golfer

For those who want to elevate their game, MARQ Golfer is packed with the tools players need to read every course and master every yard – all with a luxurious look. Sporting a jacquard-woven strap and a ceramic bezel inlay with 18-hole indicator, this premium tool watch also includes tailored golf features like Virtual Caddie and green contour data3, along with more than 43,000 preloaded courses.

Available now, MARQ – the third-generation collection has suggested retail prices starting at $2,500. All watches boast up to 18 days of battery life in smartwatch mode. To learn more about the full suite of advanced health, wellness and connected features available throughout the MARQ collection, visit garmin.com.

Engineered on the inside for life on the outside, Garmin products have revolutionized life for adventurers, athletes, off-road explorers, road warriors and outdoor enthusiasts everywhere. Committed to developing products that enhance experiences, enrich lives and help provide peace of mind, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Visit the Garmin Newsroom, email our media team, connect with @garmin on social, or follow our blog.  

1 Active plan required; LTE network coverage is not available in all regions. Satellite connection and SOS functionality on this device have important limitations compared to other inReach devices that could affect the performance of connected features, making them unavailable in certain situations. Check garmin.com/marqfeaturerequirements for requirements and limitations and to see which services are accessible in your area – or in areas to where you may be traveling to ensure the performance, coverage, and service levels of this device are suitable for your intended use.
2 When paired with your smartphone, with a data connection and in range of Bluetooth® technology
3 Requires an active Garmin Golf membership
4 The ECG app is only available on select Garmin smartwatches with the latest version of the Garmin Connect smartphone app and watch software. The ECG app is not available in all regions; see Gamrin.com/ecg for availability. The ECG app is only intended for adults aged 22 years and over. The ECG app is capable of recording an ECG similar to a Lead I ECG and detecting the presence of atrial fibrillation or normal sinus rhythm.

About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, MARQ, inReach, Applied Ballistics and Bluetooth are registered trademarks, Garmin Messenger is a trademark and Garmin Response is a service mark of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.

Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

MEDIA CONTACTS:
Brianna Silverman and Natalie Miller
913-397-8200
[email protected]

SOURCE Garmin International, Inc.

SpaceX has agreed to testify before the New York City Council this week as part of a legislative investigation concerning artificial intelligence safety risks, the council announced on Tuesday.

The council said in a press release that the hearing will take place on Friday at 10 a.m. ET in front of its tech committee. Julie Menin, council speaker, and Nwamaka Ejebe, general counsel, issued a subpoena to Elon Musk and SpaceX's AI unit on Sept. 28, compelling testimony for a hearing that took place last week.

Representatives from Anthropic, OpenAI, Google and Meta all testified at the hearing on Oct. 5, but SpaceX did not appear. Menin said in Tuesday's statement that SpaceX agreed two days later to testify after the council said it intended to have its subpoena enforced by a judge.

"Last Monday, we held a major, hours-long hearing with whistleblowers, the world's largest tech companies, and the nation's foremost experts in AI," Menin said in Tuesday's release. "Conspicuously absent was SpaceXAI, which is unacceptable."

Musk folded his AI venture, xAI, into SpaceX in February, creating a conglomerate that includes its Grok models, which are used by some federal agencies, including the Pentagon. SpaceX went public in June and is now valued at over $2 trillion. In August, SpaceX also completed a $60 billion acquisition of AI coding startup Cursor.

SpaceX competes with Anthropic and OpenAI in the AI market, though Grok trails far behind models from top rivals. The NYC council opened its investigation following a month of intense debate surrounding the risks posed by advanced AI models.

In its original letter ordering testimony from Musk or another SpaceX leader, the council said its investigation would help, "assess whether fast-emerging risks to public safety, cybersecurity, economic stability, privacy, consumers and businesses warrant immediate legislative action to protect New Yorkers."

SpaceX's "failure to comply" with the subpoena, the council warned, could subject the company to penalties or other punishment under New York City laws and regulations.

Carmen De La Rosa, chair of the tech committee, told CNBC in a statement that the council expects answers from SpaceX.

"With the proliferation of Elon Musk's technology at the federal level, it is even more important they come to the discussion with robust context about data privacy, safeguards, and whistleblower protections," she said.

Lawsuits are piling up against SpaceX after Grok's image generator enabled mass production and distribution of deepfake porn based on images of real people who did consent.

SpaceX didn't respond to a request for comment.

— CNBC's Ashley Capoot contributed reporting.

Shares of electric vehicle (EV) titan Tesla (TSLA -1.22%) are enjoying a surge in October. The company reported third-quarter vehicle delivery numbers ahead of Wall Street's estimates on Oct. 2, creating anticipation for promising earnings when the company announces Q3 results on Oct. 21. The stock closed at $382.70 on Oct. 9, up nearly 8% from the end of September.

However, shares are still down about 13% during the past 12 months. Given the October bump, is now the time to sell Tesla stock?

I advise against it. I sold shares in another company after they experienced a spike back in 2021, and I regret it. That stock was Meta Platforms (META +3.38%), and it's a cautionary tale about the importance of adhering to a key Motley Fool investing philosophy: Let your winners keep winning.

Image source: Tesla.

My Meta mistake In 2021, the world was suffering through the COVID-19 pandemic. People were staying home and spending large amounts of time online. This increased consumer traffic to Meta's web properties, causing shares of the social media giant to skyrocket to $382.18 on Sept. 7 of that year, a record closing price at the time.

That was quite the rise from its initial public offering price of $38 in 2012, the year I bought shares. The stock was a clear winner. However, I thought the pandemic-induced share price increase wouldn't last after society returned to normal. I was also dubious of Chief Executive Officer Mark Zuckerberg's plans for the metaverse, which he introduced in 2021. These factors drove me to sell.

In the short term, I was right. Meta's foray into the metaverse floundered, as its Reality Labs division lost $13.7 billion in 2022. The company's forecasts for user and revenue growth that year failed to materialize, and the stock fell.

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Winners keep winning Then, artificial intelligence (AI) arrived. Zuckerberg quickly pivoted Meta toward heavy investments in AI. The recent release of its Muse AI app was a hit, garnering 2 million daily users. Meta stock closed at $718.67 on Oct. 9, about double where I sold.

As Motley Fool co-founder David Gardner has stated, "Past performance may well be the single best indicator you and I have of future results. What do winners do? Winners win."

I forgot that valuable piece of advice. I may have gotten around a 10-fold return on Meta, which is awesome, but I missed out on shares that soared 88% from there, not to mention the passive income after Meta began paying a dividend in 2024.

All of that taught me you don't want to get rid of your winners. Tesla is one of those. It's quickly evolving beyond its electric-vehicle roots and leveraging AI as a key element in that evolution. In fact, famed Wall Street analyst Dan Ives believes it should not be evaluated as a car company, stating, "We view Tesla as one of the clearest ways to own physical AI in the public markets."

Why Tesla stock is worth holding Tesla has been working on AI for more than a decade. This culminated in the launch of its autonomous ride-hailing business using the new Cybercab on Sept. 3, creating a new revenue stream. A month later, the company announced that more than 300 of these self-driving vehicles now serve Austin, Texas, an eightfold increase. The fast ramp-up indicates the Cybercab is gaining customer traction.

Capitalizing on AI is just the start. Tesla's vision for the future is a world of "sustainable abundance." This concept entails using technology sustainably to create boundless prosperity for all. This ambitious target highlights the company's commitment to tackling challenges once considered impossible, much like its early efforts to build a viable electric vehicle.

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Today, it has succeeded in EVs. While its electric auto sales in the second quarter rose 23% year over year to $20.5 billion, rival Ford Motor Company experienced a huge 56% drop in Q2 EV revenue to $1 billion. Tesla's Q3 delivery numbers suggest more growth ahead.

The company's strong sales despite last year's expiration of federal EV tax credits, the Cybercab showing early success, and a far-flung vision for the future are some of the reasons I'm holding my Tesla shares. It could end up being the winning stock you were glad you didn't sell too early.

Scaleway will build an AI supercomputer in Sweden, its first outside France, running on AI chips ​from AMD (AMD.O), the French cloud company said on Tuesday during its ‌annual AI conference in Paris.

Scaleway said the machine would be the first AMD-based AI supercomputer for commercial use in Europe, open to startups, AI companies and businesses across the ​continent. The system will run on AMD Instinct MI355X, the chipmaker's ​answer to Nvidia's (NVDA.O) Blackwell line which powers most AI computing globally.

AMD ⁠chips already power supercomputers used for European research, including LUMI in Finland. US ​cloud firms including Oracle (ORCL.N) and Vultr also rent AMD chips to European customers.

"Scaleway ​is expanding the choice of AI infrastructure available to customers across Europe, through AMD Instinct GPUs and our open ROCm software ecosystem," said Stephanie Dismore, AMD's senior vice president for ​EMEA.

AI developers use specific software ecosystems to code. AMD's ROCm is open-source ​and runs the widely used AI programming tools that also work on Nvidia chips, while ‌rival ⁠Nvidia's equivalent, CUDA, is proprietary and runs only on Nvidia chips, locking developed applications to the hardware.

Scaleway said it picked Sweden as a location due to its largely low-carbon electricity and its AI sector. It entered the Swedish ​market in May, when ​it signed ⁠a deal with telecom operator Tele2 (TEL2b.ST) to sell its cloud and AI services there.

Tele2's business-to-business head Stefan Trampus said the ​supercomputer "sends a clear signal" on Sweden's attractiveness for AI ​infrastructure.

Supercomputer builder ⁠Bull, which already collaborates with Scaleway as part of the AION consortium, told Reuters the contract was a positive step in its strategic direction, while adding the project ⁠would "enhance ​Europe's AI capabilities".

The machine will be assembled and ​maintained by Bull, with servers from Giga Computing, networking from HPE (HPE.N), storage from VAST Data and ​cooling liquid from Motul.

Character.AI filed for bankruptcy and is putting its chatbot platform up for sale.

Jakub Porzycki/NurPhoto via Getty Images

Character.AI, the chatbot startup founded by former Google researchers, has filed for bankruptcy.

The California-based company said it had initiated a voluntary Chapter 11 process in Delaware to pursue a court-supervised sale of all or substantially all of its assets.

Character.AI, which lets users create personalized AI bots, said its platform would remain online during the sale process, which it expects to finish by late November or early December.

The company has agreed to let Disney Worldwide Services, an affiliate of the Walt Disney Company, act as the opening bidder for a non-exclusive, perpetual license to certain Character.AI intellectual property and claims.

Disney said it would pay $20 million and provide transition services using former Character.AI employees it has hired. Other potential buyers can still make higher bids under the bankruptcy process. Last month, Disney hired former Character.AI CEO Karandeep Anand as its CTO.

Character.AI's CEO Colin Adams said in a Monday statement that it had taken steps to "sustain and improve" its business amid "significant legal, regulatory, and operational headwinds."

"After a comprehensive review of our available alternatives, our board determined that this court-supervised sale process provides us with the best opportunity to maximize value for all of our stakeholders," the company said in a blog post on Monday.

The startup said paid subscriptions remain active and billing is unchanged for now. But it warned that if the sale does not produce a bid sufficient to keep the platform running, it will wind down the service.

Character.AI hit with lawsuitsCharacter.AI did not spell out the legal, regulatory, and operational pressures that led to the filing. But the company has faced growing scrutiny over the potential effect of its AI companions on young users.

It announced last year that it would ban under-18s from having open-ended conversations with its chatbots, following concerns about AI's impact on children and teenagers.

Prior to that, Character.AI had faced lawsuits from families who alleged its chatbots contributed to teenagers' mental-health crises. Earlier this year, Character.AI and Google agreed in principle to settle several of those cases, including claims brought by families of teenagers who died by suicide or experienced self-harm after using the chatbots.

One Texas lawsuit alleged that a Character.AI chatbot encouraged a teenager to kill his parents over limits on his screen time. That case was among those the companies agreed in principle to settle. The terms were not disclosed.

The startup was founded in 2021 by former Google researchers Noam Shazeer and Daniel De Freitas. Google rehired the pair in 2024 and paid for non-exclusive rights to use Character.AI's technology, while the startup continued as a separate company.

Character.AI said its privacy and security practices remain unchanged during the bankruptcy process.

It said users can continue to access its services and export their data or delete their accounts through its app or website.

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Thibault Spirlet

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Thibault is a tech reporter at Business Insider's London office.He covers the intersection of technology and work — focusing on AI’s impact on the workplace, job and cognitive skills, and how economic changes are affecting careers.Before moving to the trending team, Thibault covered international affairs, including the Russia-Ukraine war, tensions in the South China Sea, and Russia’s economy on the news desk.He has previously worked at the Daily Express and held internships at Agence France-Presse, Politico Europe, and Factal.Il parle français. Habla español.Email Thibault at [email protected], connect with him on LinkedIn @ThibaultSpirlet, or follow him on X @ThibaultSpirlet and BlueSky @thibaultspirlet.bsky.social.Expertise

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Elon Musk has his eyes set on something that even the world's largest technology companies have struggled to accomplish: Manufacture advanced artificial intelligence (AI) chips at an unprecedented scale. Surprisingly, Intel (INTC -3.20%) could emerge as one of the biggest beneficiaries of this vision.

Musk's Terafab project brings together Tesla (TSLA -1.22%) and Space Exploration Technologies (SPCX +0.52%) in an effort to reduce outside dependence on semiconductor manufacturing. For a company trying to turn around its foundry leadership, investors may be underestimating how this could transform Intel in the AI infrastructure era.

Image source: Getty Images.

What is Terafab? Terafab is a proposed semiconductor manufacturing facility in Grimes County, Texas. So far, Tesla and SpaceX have committed initial investments of $16.8 billion for the first phase of the project. Terfab's goal is to stitch together chip design, advanced logic and memory manufacturing, and semiconductor packaging within a vertically integrated operation.

Musk's long-term goal is to produce enough annual chip production to support 1 terawatt of computing power. Terafab aims to produce two categories of processors. The first will power Tesla's autonomous vehicles, Optimus humanoid robots, and other AI applications operating here on Earth. The second is meant to support SpaceX's plans for space-based data centers.

Intel could be the hidden winner of Terafab In April, Intel's participation in Terafab was confirmed, positioning its manufacturing expertise and advanced semiconductor technologies alongside Musk's grand plans. The company has been developing its 18A and 14A manufacturing processes, which are central to its effort to compete with Taiwan Semiconductor Manufacturing's leading foundry capabilities.

Intel's foundry business stands to benefit enormously from securing a high-profile customer with substantial long-term chip requirements. More importantly, there is already some encouraging evidence of improving execution.

During the second quarter, Intel Foundry generated $5.8 billion in revenue, although most of that came from manufacturing chips for Intel's own products. External foundry revenue was only $293 million, and the division reported an operating loss of approximately $2.1 billion as a whole.

This is why Terafab matters so much. If Intel can prove that its technology meets Musk's requirements, it could strengthen credibility with other AI chip designers. Given the nascent nature of the project, Intel's potential manufacturing volumes and financial impact remain highly uncertain. Nevertheless, the company possesses something valuable: an opportunity to demonstrate that its foundry technology belongs in the same conversation alongside other industry leaders.

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Is Intel stock a buy? Terafab represents something different for various companies. For Tesla and SpaceX, it could reduce dependence on outside chip suppliers and support AI-driven growth across autonomous driving and robotics. For Nvidia, it introduces another potential source of competition as more companies develop custom silicon.

For Intel, the implications could be transformational. Intel does not need to displace Nvidia as the leading AI accelerator designer. Rather, the company is positioned to profit by helping other companies manufacture their chips. This is an attractive position to be in during an era when AI infrastructure spending continues to accelerate.

Still, in the long run, Intel will have to improve manufacturing yields, control capital expenditures (capex), attract additional external customers, and eventually turn its foundry operations profitable. Working on Terafab alone won't accomplish these objectives collectively.

For now, I see Intel stock as a speculative buy for investors comfortable with execution risk, understanding Terafab's eventual financial contribution remains uncertain. The bigger thesis is that Intel could become an attractive alternative to Taiwan Semi as demand for advanced AI chip manufacturing grows.

Wells Fargo (WFC.N) posted an increase in third-quarter profit on Tuesday, helped by growth in its loan ​book and higher interest income.

The fourth-largest US lender reported net income ‌of $5.95 billion, or $1.87 per share, for the three months ended September 30, compared with $5.59 billion, or $1.66 per share, in the year-ago period.

Wells Fargo's net interest income — the difference between what a ​lender earns on loans and pays out on deposits — rose 5% to $12.52 ​billion in the quarter.

The bank has been able to deploy more ⁠of its balance sheet since the Federal Reserve removed a years-long regulatory cap ​on its assets, giving it greater room to compete for loans.

Wells has leaned on ​credit cards and auto loans to grow its consumer loan book, tapping into healthy spending trends.

The US economy has remained on a firm footing due to heavy AI-led business investments, resilient consumer ​spending and relative stability in the labor market.

"While economic uncertainty exists and consumer ​sentiment remains mixed, our data shows that our consumer and business customers are doing well," CEO ‌Charlie ⁠Scharf said in a statement.

US banks have also benefited from the reinvestment of matured assets into higher-yielding vehicles, boosting overall margins.

Chief Financial Officer Mike Santomassimo last month struck an upbeat tone on the bank's loan growth forecast for the year, signaling ​credit and spending ​trends remained healthy ⁠despite concerns that higher costs could squeeze household budgets.

Despite expectations for strong earnings, banking stocks have sold off recently as investors ​turn cautious on the prospect of continued interest rate hikes ​by the ⁠Federal Reserve dampening economic activity. The KBW Bank Index has shed more than 12% from its August highs.

Shares of the bank were down 1.5% in premarket trading. They ⁠have declined ​more than 10% this year to Monday's close.

Although ​analysts expect elevated bond yields to support Wells' net interest income in the near term, rising funding ​costs could temper economic growth.

DENVER--(BUSINESS WIRE)--SSR Mining Inc. (Nasdaq/TSX: SSRM) (“SSR Mining”, the “Company”, “we”, “us”, or “our”) announces the results of a Technical Report Summary (“TRS”) for the Marigold Gold Complex (“Marigold”) in Nevada, USA (the “2026 Marigold TRS”).

Highlights of the 2026 Marigold TRS: (1,2)

After-tax NPV5% of $3.3 billion at consensus gold prices averaging $3,948 per ounce over the 20-year life of mine Average annual gold production of 231,000 ounces over the five-year period from 2027 to 2031, 201,000 ounces through 2040, and 169,000 ounces over the life of mine Over the period of active mining, annual after-tax operating cash flow and after-tax free cash flow averages $354 million and $273 million, respectively, based on consensus gold prices Gold Mineral Reserves at Marigold total 4.6 million ounces, an increase of 43% from the 3.2 million ounces at year-end 2025, with a significant Mineral Resource base demonstrating additional potential for longer-term upside Measured & Indicated Mineral Resources, exclusive of Mineral Reserves, total 1.7 million ounces of gold as compared to the 1.8 million ounces of M&I Resources as of year-end 2025 Inferred Mineral Resources are an additional 0.3 million ounces of gold as compared to the 0.5 million ounces as of year-end 2025 Inclusive of mined depletion, gold Mineral Reserves in the 2026 Marigold TRS increased significantly as compared to the 2024 TRS, while Indicated and Inferred Mineral Resources remained materially unchanged over the same time period The gold prices used in the calculation of Marigold Mineral Reserves and Mineral Resources are $2,200/oz and $2,500/oz, respectively 2026 Marigold TRS incorporates the maiden life of mine plan for the Buffalo Valley project (“Buffalo Valley”) with 0.7 million ounces of gold Mineral Reserves and first production expected in 2029 Growth capital investment over the life of mine totals $542 million, including the development of Buffalo Valley and its stand-alone heap leach facility, as well as fleet additions to support a 33% increase in overall mining rates at Marigold to an average of 138 million tonnes per annum Investment in fleet modernization and expansion will improve productivity and operational flexibility to support the multi-decade mine life at Marigold Rod Antal, Executive Chairman of SSR Mining, said, “Today’s updated life of mine plan reinforces Marigold’s position as a premier, multi-decade asset in the United States. Over the next three years, we plan to invest in Marigold to modernize the operation for future success through fleet and heap leach pad expansions that aim to improve its operational flexibility and reliability.

Importantly, over the next five years we expect Marigold will average more than 230,000 ounces of gold production annually, aligned with the prior TRS expectations and supporting average annual gold production of approximately 360,000 ounces from our U.S. assets over that period. Longer-term, the mine is expected to average 200,000 ounces of gold production annually through 2040, delivering a more than 50% increase in life of mine production over the prior mine plan.

Investing in organic growth is one of the key pillars of our capital allocation strategy, and this TRS provides a clear pathway for us to execute on that strategy and create value for shareholders. This new mine plan increases Mineral Reserves by 43% as compared to year-end 2025 while Indicated and Inferred Resources remain essentially unchanged, demonstrating our track record of exploration and resource development success while highlighting further potential for additional mine life extension in the future.”

The TRS, with an effective date of May 1, 2026, has been prepared in accordance with S-K 1300 and will be available on October 13, 2026 on the Company’s website and on a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission (“SEC”).

Table 1: 2026 Marigold TRS – Key Metrics (3)

Five-Year Profile

Active Mining

Total Mine Life

Unit

2027 – 2031

2027 – 2040

2027 – 2050

Total Gold Production

Au koz

1,153

2,816

3,208

Average Annual Gold Production

Au koz

231

201

169

Total Operating Cash Flow (GAAP)

$M

$2,353

$4,955

$5,978

Total Capital Costs (GAAP) (4)

$M

$817

$1,133

$1,231

Total Free Cash Flow (non-GAAP) (5)

$M

$1,536

$3,822

$4,747

Average Annual Free Cash Flow

$M

$307

$273

$253

Cost of Sales (GAAP)

$/oz sold

$1,990

$1,959

$1,793

Cash Costs (non-GAAP) (5)

$/oz sold

$1,991

$1,960

$1,795

All-In Sustaining Costs (non-GAAP) (5)

$/oz sold

$2,279

$2,183

$2,005

Table 2: 2026 Marigold TRS – After-Tax NPV Sensitivity

LOM Average Gold Price

$/oz

$3,158

$3,553

Base Case (6)

$4,342

$4,737

Sensitivity

%

-20%

-10%

—

+10%

+20%

NPV5%

$M

$1,609

$2,471

$3,334

$4,196

$5,058

Marigold Mineral Reserves and Mineral Resources (“MRMR”) (7)

Marigold is located in southeastern Humboldt County, Nevada, United States on the Battle Mountain-Eureka trend, approximately 5 kilometers south-southwest of the town of Valmy, Nevada. The Marigold Complex includes the Marigold Mine and the Buffalo Valley and Trenton Canyon deposits. Buffalo Valley is located approximately 24 kilometers southwest of the main infrastructure at Marigold. Since commencing operations in 1989, Marigold has produced over 5 million ounces of gold.

Table 3: 2026 Marigold TRS – MRMR as of May 1, 2026

(100% attributable)

Tonnes (Mt)

Grade (g/t)

Gold (Moz)

Total P+P Reserves

359

0.40

4.63

M&I Mineral Resources

131

0.40

1.66

Inferred Mineral Resources

29

0.31

0.29

Combining Marigold with the Company’s CC&V gold mine in Colorado established SSR Mining as the third largest gold producer in the USA. Both operations now feature multi-decade mine lives and host significant Mineral Resource bases to support potential for future growth and extension.

2026 Marigold TRS Overview

Geological understanding of the Marigold Complex is supported by more than three decades of mining operations, extensive exploration programs, geologic mapping, geophysical surveys, metallurgical testing, production history, and ongoing resource definition drilling.

Mining & Processing

The 2026 Marigold life of mine plan features 15 years of active mining and 20 years of total production, inclusive of heap leach pad rinsing and drawdown. The Marigold Complex mine plan outlined in the 2026 Marigold TRS has five distinct areas of mining: the main Mackay pit (including the Red Dot and DG80 areas), the North Mackay pits, the Valmy pits, the New Millennium area, and Buffalo Valley. A separate mining fleet of 8 to 10 trucks and two hydraulic shovels was initially considered for Buffalo Valley, however, procuring additional trucks and loading units in 2027 allows for accelerated waste stripping at Marigold ahead of initial development at Buffalo Valley. Peak fleet size in the 2026 Marigold TRS is 45 haul trucks, six shovels and two loaders. This expanded fleet is then adequate to operate both Marigold and Buffalo Valley simultaneously over the life of mine and enables increased flexibility in mine planning going forward.

On average, the operating period from 2026 to 2040 includes average mining rates of approximately 380,000 tonnes per day (138.3 million tonnes per annum) with a life of mine strip ratio of 5.3:1. Stacking rates are expected to average approximately 20 million tonnes per annum at Marigold over the life of mine, while the Buffalo Valley heap leach facility is designed to accommodate stacking rates of up to 14 million tonnes per annum. The life of mine gold recovery across Marigold and Buffalo Valley is 72% over an average of 90 to 120 day leach cycle, with an average stacked grade of 0.44 grams per tonne. Life of mine gold production totals 3.34 million ounces, including approximately 0.3 million ounces of current work-in-progress inventory recovered over the life of mine.

The Buffalo Valley heap leach facility will be constructed and operated in a manner very similar to the main Marigold facility. Run of mine ore will be truck stacked in 7.5 meter to 12.5 meter lifts. Following heap leaching, pregnant solution will be pumped into three Carbon-in Column (CIC) trains for adsorption. Loaded carbon from the adsorption circuit will be transported to the Marigold elution facility for final recovery, with barren carbon then transported back to the Buffalo Valley facility. Buffalo Valley will require upgrades to the road connecting to main Marigold facilities, and will require the construction of approximately 14.5 kilometers of power line from the existing North Peak power line to service the project site.

Table 4: 2026 Marigold TRS – Operating Metrics Summary

Unit

Life of Mine

Total Material Mined

Mt

1,881

Average Daily Mining Rate

ktpd

380

Total Ore Mined

Mt

298

Total Waste Mined

Mt

1,583

Strip Ratio

W:O

5.3:1

Total Ore Processed

Mt

298

Average Daily Processing Rate

ktpd

58

Ore Grade Stacked

g/t

0.44

Contained Gold Stacked

koz

4,255

Gold Recovery

%

72%

Infrastructure

The Marigold Complex is accessed via a five kilometer public road connected to the U.S. Interstate Highway 80. Marigold is grid connected, while water for operations is supplied by three existing groundwater production wells. Mine dewatering wells are used to supplement production wells when needed. Where possible, operations at Buffalo Valley will leverage existing infrastructure at Marigold, including the maintenance facilities and administrative offices. A tailings storage facility (TSF) is present at Marigold but has been decommissioned since operations transitioned solely to heap leaching.

Operating Costs

Forecasted operating cost estimates related to the development of the 2026 Marigold TRS are derived from annual budgets and historical actuals over the long life of the current operation. The life of mine operating cost estimate for the Marigold Complex is $16.78 per tonne of stacked ore. Life of mine operating costs in the 2026 Marigold TRS do not account for non-cash inventory movements and other minor non-cash items that impact the Company’s calculation of cash costs and AISC.

Table 5: 2026 Marigold TRS – Mine Operating Cost Summary

Operating Costs

Life of Mine ($M)

Stacked ($/Tonne)

Mining & Maintenance

$3,741

$12.57 ($1.99/t moved)

Processing

$804

$2.70

G&A

$451

$1.51

Total Costs

$4,996

$16.78

Labor and diesel are the two largest components of operating costs at Marigold. Diesel prices for the economic analysis were based on the latest available consensus forward-looking price forecasts and compared to those used in other published studies. Near-term diesel price assumptions in the 2026 Marigold TRS average approximately $4.00/gallon before normalizing to $3.00/gallon over the long-term. The effective NSR royalty on the Marigold property in the 2026 Marigold TRS is approximately 6.9%, while the effective NSR royalty for the Buffalo Valley deposit is fixed at 3.5% over the life of mine.

Capital Costs

Total life of mine capital outlined in the 2026 Marigold TRS is $1,385 million, including $669 million in sustaining capital. Sustaining capital costs include:

Replacement of mining equipment as it reaches its economic life during the active mining period. The majority of the mining equipment replacement costs relate to replacing haul trucks and excavators, as well as drills and mine support equipment Major equipment rebuilds and component replacement to sustain equipment availability over the life of mine Administration costs and various site infrastructure improvements Ongoing cost associated with process infrastructure Permitting costs mainly associated with dewatering infrastructure (wells, pipelines, rapid infiltration basins) that are required to manage the water table in advance of planned mine development Table 6: 2026 Marigold TRS – Total Capital Breakdown (2026+)

Capital Costs

Life of Mine ($M)

Development Capital

$542

Sustaining Capital

$669

Reclamation

$175

Total Capital

$1,385

The life of mine growth capital at Marigold totals $542 million, including all capital associated with major leach pad expansion at Marigold, development of Buffalo Valley, and the expansion of the Marigold mining fleet. These investments support the development and mining of Buffalo Valley, as well as enable the execution of the extended Marigold life of mine plan.

Table 7: 2026 Marigold TRS – Growth Capital Breakdown (2026+)

Description

Life of Mine ($M)

Amount (%)

Mining Equipment – Expansion

$265

49%

Heap Leach Facilities – Expansion

$57

11%

Buffalo Valley Development

$220

40%

Growth Capital Costs as of May 1, 2026

$542

100%

The costs associated with reclamation and closure activities at Marigold are estimated to be $175 million, with the majority of these costs incurred from 2038 to the end of the current life of mine plan.

Additional Potential for Upside at Marigold

The 2026 Marigold TRS outlines 1.7 million ounces of gold Indicated Mineral Resources, exclusive of Mineral Reserves, and an additional 0.3 million ounces of gold Inferred Mineral Resources across the Marigold Complex. These Mineral Resources represent potential opportunities for future conversion to Mineral Reserves. Mineral Resources in the 2026 Marigold TRS were calculated using a gold price assumption of $2,500/oz.

SSR Mining continues to invest in resource development and exploration drilling across the Marigold Complex to evaluate future growth potential, particularly through the continued expansion of currently defined Mineral Reserve pits. In 2026, SSR Mining planned for more than 10 kilometers of drilling on brownfield targets across the property, including in the underexplored southern end of the property where new discoveries could support further heap leach expansions to further optimize ore and waste movements.

Additionally, potential increases to the gold price assumptions used in the calculation of Mineral Reserves and Resources could add to current MRMR totals at Marigold in the future.

Assumptions

All figures are in U.S. dollars, unless otherwise noted. The gold price used in the calculation of Mineral Reserves was $2,200 per ounce and the gold price used in the calculation of Mineral Resources was $2,500 per ounce. The TRS is based on gold prices of: 2026 - $4,637/oz; 2027 - $4,794/oz; 2028 - $4,616/oz; 2029 - $4,355/oz; 2030 - $3,991/oz; and long-term - $3,710/oz. Diesel price assumptions used in the TRS were: $4.00/gal for 2027 and 2028, $3.50/gal in 2029 and $3.00/gal long-term. All references to tonnage in this press release are in metric tonnes unless otherwise noted. Key assumptions used in the preparation of the TRS are subject to risks and uncertainties described under “Cautionary Note Regarding Forward-Looking Information and Statements”.

Marigold Technical Report Summary

The Marigold TRS is expected to be included as an exhibit to our Current Report on Form 8-K that is filed with the SEC by October 13, 2026 and will be available for review on EDGAR at sec.gov at that time. This press release does not purport to be a complete summary of the Marigold TRS and is qualified in its entirety by reference to the Marigold TRS that we will file with the SEC. You should read this press release in conjunction with the Marigold TRS, including the qualifications and limitations described therein, as there may be information in the Marigold TRS that may be important.

About SSR Mining

SSR Mining Inc. is a free-cash-flow-focused gold and silver mining company and the third-largest gold producer in the United States. SSR Mining has a diversified portfolio of operating, development and exploration assets across the Americas, including four operating mines in the USA, Canada, and Argentina. In 2026, SSR Mining is expected to produce between 450,000 and 535,000 Gold Equivalent Ounces. The Company is headquartered in Denver, Colorado and is listed under the ticker symbol SSRM on the Nasdaq Stock Market and the Toronto Stock Exchange.

For more information, please visit: www.ssrmining.com.

Cautionary Note Regarding Forward-Looking Information and Statements:

Except for statements of historical fact relating to us, certain statements contained in this news release constitute forward-looking statements, forward-looking information, future oriented financial information, or financial outlooks (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information may be contained in this document and our other public filings. Forward-looking information relates to statements concerning our outlook and anticipated events or results and in some cases, can be identified by terminology such as “may”, “will”, “could”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “projects”, “predict”, “potential”, “continue” or other similar expressions, as well as statements written in the future tense or that are not historical facts.

Forward-looking information in this news release includes any statements concerning, among other things: all information related to the Company’s Marigold operations, including forecasts and outlook; preliminary cost reporting in this document; timing, production, operating, cost, and capital expenditure guidance; our operational and development targets and catalysts and the impact of any suspensions on operations; growth initiatives, the results of any gold reconciliations; the ability to discover additional oxide gold ore; the generation of free cash flow and returning cash to shareholders, including via share repurchases or dividends; matters relating to proposed exploration; communications with local stakeholders; maintaining community and government relations; negotiation and completion of transactions; commodity prices; Mineral Resources, Mineral Reserves, conversion of Mineral Resources, realization of Mineral Reserves, and the existence or realization of Mineral Resource estimates; the development approach; the timing and amount of future production; the timing of studies, announcements, and analysis; the timing of construction and development of proposed mines and process facilities; capital and operating expenditures; economic conditions; availability of sufficient financing; exploration plans; receipt of regulatory approvals; timing and impact surrounding suspension or interruption of operations as a result of regulatory requirements or actions by governmental authority; and any and all other timing, exploration, development, operational, financial, budgetary, economic, legal, social, environmental, regulatory, and political matters that may influence or be influenced by future events or conditions. The estimation of mineral resources is inherently uncertain and involves subjective judgments about many relevant factors. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation (including estimated future production from Marigold, the anticipated tonnages and grades that will be mined and the estimated level of recovery that will be realized), which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that may ultimately prove to be inaccurate.

Such forward-looking information is subject to various risks and uncertainties and based on a number of material factors and assumptions, which could cause actual results and experience to differ materially from anticipated results or expectations expressed in this news release, including, but not limited in any manner to, those disclosed from time to time in our reports filed with the SEC on EDGAR, including the “Risk Factors” section of our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as applicable, and the Canadian securities regulatory authorities on SEDAR+, and include: the assumptions made in respect of the Company’s Marigold operations; the inherent speculative nature of exploration results; the ability to explore; local and global political and economic conditions; governmental and regulatory requirements and actions by governmental authorities, including changes in government policy, government ownership requirements, changes in environmental, tax and other laws or regulations and the interpretation thereof; communications with local stakeholders; maintaining community and governmental relations; status of negotiations of joint ventures; weather conditions at our operations; commodity prices; the ultimate determination of and realization of Mineral Reserves; existence or realization of Mineral Resources; the development approach; availability and receipt of required approvals, titles, licenses and permits; sufficient working capital to develop and operate the mines and implement development plans; access to adequate services and supplies; foreign currency exchange rates; interest rates; access to capital markets and associated cost of funds; availability of a qualified work force; ability to negotiate, finalize, and execute relevant agreements; the Company’s ability to efficiently integrate acquired mines and businesses and to manage the costs related to any such integration, or to retain key technical, professional or management personnel; lack of social opposition to our mines or facilities; lack of legal challenges with respect to our properties; the timing and amount of future production; the ability to meet production, cost, and capital expenditure targets; timing and ability to produce studies and analyses; capital and operating expenditures; economic conditions; availability of sufficient financing; the ultimate ability to mine, process, and sell mineral products on economically favorable terms; and any and all other timing, exploration, development, operational, financial, budgetary, economic, legal, social, geopolitical, regulatory and political factors that may influence future events or conditions. While we consider these factors and assumptions to be reasonable based on information currently available to us, they may prove to be incorrect.

The above list is not exhaustive of the factors that may affect any of the Company’s forward-looking information. You should not place undue reliance on forward-looking information. Forward-looking information are based on certain key expectations and assumptions made by us. Although we believe that the expectations and assumptions on which such forward-looking information are based are reasonable, undue reliance should not be placed on the forward-looking information because we can give no assurance that they will prove to be correct. Other than as required by law, we do not intend, and undertake no obligation to update any forward-looking information to reflect, among other things, new information or future events. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.

Qualified Persons

The scientific and technical information concerning our mineral projects in this news release have been reviewed and verified by SLR International Corporation, a “qualified person” under subpart 1 of Regulation S-K 1300 (“S-K 1300”) and National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). For a description of the key assumptions, parameters and methods used to estimate Mineral Reserves and Mineral Resources included in this news release, as well as data verification procedures and a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, sociopolitical, marketing or other relevant factors, please review the Technical Report Summaries for the properties discussed in this news release, which are available under the Company’s corporate profile on EDGAR at www.sec.gov.

Supplemental Mineral Reserve and Mineral Resource Information

Marigold’s Mineral Reserves and Mineral Resources have been classified in accordance with the definitions for Mineral Resources in S-K 1300. Mineral Resources are presented on a project basis and have an effective date of May 1, 2026. Mineral Reserves and Mineral Resources have been reported on a 100% basis as SSR Mining wholly owns the property.

The TRS contains detailed descriptions of data verification, sampling and assay procedures, quality assurance and quality control measures, key assumptions, parameters, risks and other factors supporting the mineral resource and mineral reserve estimates and the economic analysis.

Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, market or other relevant issues. The deposit has been classified as Indicated and Inferred based on drill spacing appropriate to the deposit and mineralization style. The quantity and grade of reported Inferred resources are uncertain in nature, and there has not been sufficient work to define these Inferred Mineral Resources as Indicated or Measured resources. There is no certainty that any part of a mineral resource will ever be converted into mineral reserves.

The following tables provide a summary of Mineral Reserves and Mineral Resources for Marigold with an effective date of May 1, 2026 as included within the 2026 Marigold TRS:

Proven

Probable

Proven + Probable

Metallurgical

Tonnage

Au Grade

Gold

Tonnage

Au Grade

Gold

Tonnage

Au Grade

Gold

Recovery

(Mt)

(g/t)

(Moz)

(Mt)

(g/t)

(Moz)

(Mt)

(g/t)

(Moz)

(%)

Marigold

—

—

—

240.4

0.46

3.52

240.4

0.46

3.52

73.5%

Buffalo Valley

—

—

—

45.3

0.46

0.67

45.3

0.46

0.67

65.9%

Stockpile

—

—

—

12.0

0.17

0.06

12.0

0.17

0.06

56.3%

Leach Pad Inventory

—

—

—

61.0

0.19

0.37

61.0

0.19

0.37

65.2%

Total

—

—

—

358.7

0.40

4.63

358.7

0.40

4.63

71.5%

(1)

The Mineral Reserve estimate was prepared in accordance with S-K 1300 definitions.

(2)

The Marigold Mine Mineral Reserve estimate is based on a metal price assumption of $2,200/oz gold and is reported at a cut-off grade of 0.069 g/t payable Au (Au assay factored for recovery, royalty, and net proceeds).

(3)

The Buffalo Valley Mineral Reserve estimate assumes ROM heap leach processing and a gold price of $2,200/oz. Cut-off grades range from 0.069 to 1.767 g/t payable Au, and metallurgical recoveries range from 3.1% to 79.2%, both varying by lithology/metallurgical domain.

(4)

No mining dilution is applied to the grade of the Mineral Reserves. Dilution intrinsic to the Mineral Reserves estimate is considered sufficient to represent the mining selectivity considered.

(5)

Bulk densities (in t/m3) were assigned by lithologies: alluvium = 2.10, Havallah = 2.48, Valmy/Antler = 2.4076+(0.0001*DEPTH), and Valmy = 2.64. For Buffalo Valley, bulk densities (in t/m3) were assigned by lithology ranging from a low of 2.426 (Overburden) to a high of 2.737 (Basalt) with a weighted average of 2.63.

(6)

The Property is 100% owned by SSR through its subsidiary MMC.

(7)

All ounces reported represent troy ounces, and g/t represents grams per metric tonne.

(8)

The point of reference for Mineral Reserves is the entry to the carbon columns in the processing facility.

(9)

Totals may vary due to rounding.

Measured

Indicated

Measured + Indicated

Inferred

Tonnage

Au Grade

Gold

Tonnage

Au Grade

Gold

Tonnage

Au Grade

Gold

Tonnage

Au Grade

Gold

(Mt)

(g/t)

(Moz)

(Mt)

(g/t)

(Moz)

(Mt)

(g/t)

(Moz)

(Mt)

(g/t)

(Moz)

Marigold

—

—

—

125.0

0.39

1.57

125.0

0.39

1.57

18.1

0.30

0.18

Buffalo Valley

—

—

—

5.6

0.53

0.09

5.6

0.53

0.09

11.2

0.31

0.11

Total

—

—

—

130.6

0.40

1.66

130.6

0.40

1.66

29.3

0.31

0.29

(10)

The Mineral Resource estimate was prepared in accordance with S-K 1300.

(11)

The effective date of Mineral Resources at Marigold is May 1, 2026, and the effective date of Mineral Resources at Buffalo Valley is May 1, 2026.

(12)

Marigold Mine is based on an optimized pit shell at a cut-off grade of 0.069 g/t payable gold (gold assay factored for recovery, royalty, and net proceeds). Buffalo Valley is based on a cut-off grade of 0.10 to 0.32 g/t contained gold, depending on material type.

(13)

Marigold metallurgical recoveries vary with gold grade. Buffalo Valley metallurgical recoveries vary with gold grade and lithology.

(14)

For Marigold, bulk densities (in t/m3) were assigned by lithologies: alluvium = 2.10, Havallah = 2.48, Valmy/Antler = 2.4076+(0.0001*DEPTH), and Valmy = 2.64, below 533m. For Buffalo Valley, bulk densities (in t/m3) were assigned by lithology, ranging from a low of 2.095 (Overburden) to a high of 2.725 (Basalt).

(15)

The Mineral Resources estimate is reported below the as-mined surface as of May 1, 2026, for Marigold, and below the as-mined surface as of May 1, 2026, for Buffalo Valley.

(16)

The point of reference for Mineral Resources is the entry to the carbon columns in the processing facility.

(17)

Mineral Resources are reported exclusive of Mineral Reserves.

(18)

SSR Mining has 100% ownership of the Marigold Complex.

(19)

Gold grades are given in grams per metric tonne (g/t).

(20)

Totals may vary due to rounding.

For Information regarding CC&V’s Mineral Reserves and Mineral Resources, refer to Item 2. Properties in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed on February 17, 2026 and the Technical Report Summary included as an exhibit to our Annual Report on Form 10-K.

The following tables provide a summary of Mineral Reserves and Mineral Resources for CC&V for the year ended December 31, 2025 as included within the Company’s Annual Report:

Proven

Probable

Proven + Probable

Metallurgical

Tonnage

Au Grade

Gold

Tonnage

Au Grade

Gold

Tonnage

Au Grade

Gold

Recovery

(kt)

(g/t)

(koz)

(kt)

(g/t)

(koz)

(kt)

(g/t)

(koz)

(%)

CC&V (OP)

105,440

0.44

1,480

46,566

0.41

607

152,006

0.43

2,087

52%

CC&V (Stockpile)

—

—

—

68,205

0.26

564

68,205

0.26

564

47%

Total

105,440

0.44

1,480

114,771

0.32

1,171

220,211

0.37

2,651

50%

(1)

The Mineral Reserve estimate was prepared in accordance with S-K 1300 definitions

(2)

CC&V Mineral Reserves are reported at a cut-off grade for crush leach is 0.10g/t Au extractable cyanide soluble (factored for recovery) and run of mine leach is 0.069 g/t Au extractable cyanide soluble (factored for recovery).

(3)

Metallurgical recoveries vary by lithology and oxidation state and ranges between 24.8-94.9% .

(4)

No mining dilution is applied to the grade of the Mineral Reserves. Dilution intrinsic to the Mineral Reserves estimate is considered sufficient to represent the mining selectivity considered.

(5)

The point of reference for Mineral Reserves is the entry to the carbon columns in the processing facility.

(6)

Leach Pad Inventory of 360 koz represents work-in-process gold and is 100% recoverable over the LOM.

(7)

Totals may vary due to rounding.

Measured

Indicated

Measured + Indicated

Inferred

Tonnage

Au Grade

Gold

Tonnage

Au Grade

Gold

Tonnage

Au Grade

Gold

Tonnage

Au Grade

Gold

(kt)

(g/t)

(koz)

(kt)

(g/t)

(koz)

(kt)

(g/t)

(koz)

(kt)

(g/t)

(koz)

CC&V (OP)

157,034

0.49

2,456

149,020

0.43

2,078

306,054

0.46

4,534

149,352

0.41

1,963

CC&V (Stockpile)

—

—

—

32,028

0.26

272

32,028

0.26

272

—

—

—

Total

157,034

0.49

2,456

181,048

0.40

2,350

338,082

0.44

4,805

149,352

0.41

1,963

(8)

The Mineral Resource estimate was prepared in accordance with S-K 1300.

(9)

CC&V Mineral Resources are reported based on $2,000/oz gold price. Mineral Resources estimate was prepared in accordance with S-K 1300.

(10)

Mineral Resource estimate is based on an optimized pit shell. CC&V Mineral Resources are reported at a gold cut-off grade for crush leach of 0.10 g/t gold extractable cyanide soluble (factored for metallurgical recovery) and run of mine leach of 0.069 g/t gold extractable cyanide soluble (factored for metallurgical recovery).

(11)

Metallurgical recoveries vary with gold grade, range between 24.8-94.9%.

(12)

Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

(13)

The point of reference for Mineral Resources is the entry to the carbon columns in the processing facility.

(14)

Totals may vary due to rounding.

Cautionary Note Regarding Non-GAAP Measures

We have included certain non-GAAP performance measures throughout this document to assist in understanding our financial results. These performance measures are employed by us to measure our operating and economic performance internally and to assist in decision-making, as well as to provide key performance information to senior management. We believe that, in addition to measures prepared in accordance with GAAP, certain investors and other stakeholders will find this information useful to evaluate our operating and financial performance; however, these non-GAAP performance measures do not have any standardized meaning. These performance measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Our definitions of our non-GAAP financial measures may not be comparable to similarly titled measures reported by other companies. These non-GAAP measures should be read in conjunction with our condensed consolidated interim financial statements.

Cash costs, AISC per ounce sold, and free cash flow are Non-GAAP Measures with no standardized definition under U.S. GAAP.

Non-GAAP Measure - Cash Costs and AISC

Cash Costs and All-In Sustaining Costs (“AISC”) per payable ounce of gold and respective unit cost measures are non-U.S. GAAP metrics developed by the World Gold Council to provide transparency into the costs associated with producing gold and provide a standard for comparison across the industry. The World Gold Council is a market development organization for the gold industry.

The Company uses cash costs per ounce of precious metals sold and AISC per ounce of precious metals to monitor its operating performance internally. The most directly comparable measure prepared in accordance with GAAP is cost of sales. The Company believes this measure provides investors and analysts with useful information about its underlying cash costs of operations and the impact of by-product credits on its cost structure. The Company also believes these are relevant metrics used to understand its operating profitability. When deriving the cost of sales associated with an ounce of precious metal, the Company includes by-product credits, which allows management and other stakeholders to assess the net costs of gold and silver production.

AISC includes total cost of sales incurred at the Company's mining operations, which forms the basis of cash costs. Additionally, the Company includes sustaining capital expenditures, sustaining mine-site exploration and evaluation costs, reclamation cost accretion and amortization, and general and administrative expenses. This measure seeks to reflect the ongoing cost of gold and silver production from current operations; therefore, growth capital is excluded. The Company determines sustaining capital to be capital expenditures that are necessary to maintain current production and execute the current mine plan. The Company determines growth capital to be those payments used to develop new operations or related to projects at existing operations where those projects will materially benefit the operation.

The Company believes that AISC provides additional information to management and stakeholders that provides visibility to better define the total costs associated with production and better understanding of the economics of the Company's operations and performance compared to other producers. In deriving the number of ounces of precious metal sold, the Company considers the physical ounces available for sale after the treatment and refining process, commonly referred to as payable metal, as this is what is sold to third parties.

The following tables provide a reconciliation of Cost of sales to cash costs and AISC used in the 2026 Marigold TRS:

(in thousands, unless otherwise noted)

2027 – 2031

2027 – 2040

2027 – 2045

Cost of sales (GAAP) (1)

$

2,293,943

$

5,513,569

$

5,752,463

Treatment and refining charges

$

1,253

$

3,351

$

4,315

Cash costs (non-GAAP)

$

2,295,195

$

5,516,920

$

5,756,778

Sustaining capital

$

332,622

$

569,533

$

572,033

Reclamation cost accretion and amortization

$

-

$

58,124

$

101,536

Total AISC (non-GAAP)

$

2,627,817

$

6,144,577

$

6,430,348

Gold sold (oz)

1,152,882

2,815,000

3,207,423

Cost of sales per gold ounces sold

$

1,990

$

1,959

$

1,793

Cash cost per gold ounce sold

$

1,991

$

1,960

$

1,795

AISC per gold ounce sold

$

2,279

$

2,183

$

2,005

Non-GAAP Measure - Free Cash Flow and Mine Site Free Cash Flow

The Company uses free cash flow and mine site free cash flow to supplement information in its condensed consolidated financial statements. The most directly comparable financial measure prepared in accordance with GAAP to free cash flow is cash provided by operating activities and the most directly comparable financial measure prepared in accordance with GAAP to mine site free cash flow is mine segment revenue. The Company believes that in addition to measures prepared in accordance with GAAP, certain investors and analysts use this information to evaluate the ability of the Company to generate cash flow after capital investments and build the Company's cash resources and, with respect to one of its mine segments, to evaluate the cash generated from a mine. The Company calculates free cash flow by deducting cash capital spending from cash generated by operating activities. The Company does not deduct payments made for business acquisitions. The Company calculates mine site free cash flow by deducting cost of sales, exploration, evaluation, and reclamation expenditures, cash care and maintenance, capital expenditures and taxes from revenue from a particular segment.

The following table provides a reconciliation of cash provided by operating activities to free cash flow as shown in Table 1:

(in millions of U.S. dollars)

Consensus Gold Prices

Five-Year Profile

Active Mining

Total Mine Life (2)

Total Mine Life (2)

2027 – 2031

2027 – 2040

2027 – 2045

2027 – 2050

Operating cash flow after taxes (GAAP)

$

2,353

$

4,955

$

5,983

$

5,978

Total capital costs

$

(817)

$

(1,133)

$

(1,179)

$

(1,231)

Total free cash flow after taxes (non-GAAP)

$

1,536

$

3,822

$

4,804

$

4,747

Number of years

5

14

19

24

Average operating cash flow after taxes (GAAP)

$

471

$

354

$

315

$

249

Average total capital costs (including closure/reclamation costs)

$

(163)

$

(81)

$

(62)

$

(51)

Average free cash flow after taxes (non-GAAP)

$

307

$

273

$

253

$

198

The Company uses mine site free cash flow to supplement information in its condensed consolidated financial statements. The Company calculates mine site free cash flow as revenue less cost of sales, exploration, evaluation, and reclamation expenditures, cash care and maintenance, capital expenditures and taxes. We believe presenting asset level revenue minus large cash expenditures will be useful for investors because it represents a view of how much cash is actually generated and spent that is directly attributable to a specific site.

The following table provides a calculation of mine Site Free Cash Flow for Marigold, Seabee and CC&V since acquisition through June 30, 2026:

(in millions of U.S. dollars)

Since Acquisition

Marigold

Seabee

CC&V

Revenue (GAAP)

$

4,455

$

1,655

$

765

Cost of sales

$

(2,395)

$

(660)

$

(255)

Exploration & reclamation

$

(115)

$

(110)

$

(20)

Care & maintenance

$

—

$

(25)

$

—

Capital expenditure

$

(730)

$

(320)

$

(70)

Mine site free cash flow before taxes (non-GAAP)

$

1,215

$

540

$

420

Taxes (3)

$

(160)

$

(140)

$

(75)

Mine site after tax free cash flow (non-GAAP)

$

1,055

$

400

$

345

2026 Marigold TRS – Life of Mine Cash Flow Model (4,5)

Operating Summary

Total / Avg

May 2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

2038

2039

2040

2041

2042

2043

2044

2045

2046

2047

2048

2049

2050

Total Ore Mined (kt)

297,731

11,891

20,903

20,812

22,849

14,178

20,240

27,442

24,325

24,047

23,541

25,589

20,301

16,367

18,182

7,064

—

—

—

—

—

—

—

—

—

—

Total Waste Mined (kt)

1,583,200

51,102

107,186

162,640

139,565

162,766

143,356

137,893

150,610

118,262

87,127

74,364

73,902

83,655

77,554

13,218

—

—

—

—

—

—

—

—

—

—

Total Material Mined (kt)

1,880,931

62,993

128,089

183,452

162,414

176,944

163,596

165,336

174,936

142,308

110,668

99,953

94,203

100,022

95,736

20,283

—

—

—

—

—

—

—

—

—

—

Stripping Ratio (W:O)

5.3

4.3

5.1

7.8

6.1

11.5

7.1

5.0

6.2

4.9

3.7

2.9

3.6

5.1

4.3

1.9

—

—

—

—

—

—

—

—

—

—

Total Ore Processed (kt)

297,731

11,891

20,903

20,812

22,849

14,178

20,240

27,442

24,325

24,047

23,541

25,589

20,301

16,367

18,182

7,064

—

—

—

—

—

—

—

—

—

—

Gold Grade, Stacked (g/t)

0.44

0.41

0.51

0.49

0.65

0.59

0.40

0.32

0.44

0.45

0.38

0.39

0.33

0.42

0.38

0.80

—

—

—

—

—

—

—

—

—

—

Average Recovery, Gold (%)

72%

75%

74%

72%

73%

71%

69%

68%

68%

72%

71%

73%

70%

76%

75%

76%

—

—

—

—

—

—

—

—

—

—

Payable Gold, Total (koz)

3,335

128

170

281

243

280

179

205

221

231

207

198

150

157

158

135

148

100

68

46

31

—

—

—

—

—

Financial Summary

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

Gold Gross Revenue ($M)

$13,166

$592

$817

$1,295

$1,059

$1,116

$665

$762

$821

$855

$768

$734

$556

$582

$587

$500

$550

$371

$251

$169

$114

—

—

—

—

—

Operating Costs ($M)

($6,029)

($277)

($400)

($528)

($492)

($464)

($411)

($416)

($429)

($445)

($405)

($385)

($337)

($351)

($313)

($139)

($82)

($57)

($42)

($33)

($25)

—

—

—

—

—

Refining and Freight Cost ($M)

($5)

($0)

($0)

($0)

($0)

($0)

($0)

($0)

($0)

($0)

($0)

($0)

($0)

($0)

($0)

($0)

($0)

($0)

($0)

($0)

($0)

—

—

—

—

—

EBITDA ($M)

$7,132

$315

$417

$767

$567

$651

$254

$346

$393

$410

$363

$348

$219

$230

$274

$361

$468

$314

$208

$136

$89

—

—

—

—

—

Depreciation & Depletion ($M)

($3,171)

($105)

($186)

($307)

($283)

($286)

($187)

($235)

($242)

($225)

($180)

($157)

($124)

($124)

($122)

($105)

($168)

($56)

($38)

($25)

($17)

—

—

—

—

—

Earnings Before Taxes ($M)

$3,961

$210

$231

$460

$284

$366

$67

$112

$150

$185

$183

$192

$95

$107

$152

$255

$300

$258

$171

$111

$72

—

—

—

—

—

Federal & State Tax ($M)

($834)

($2)

($31)

($53)

($69)

($79)

($60)

($27)

($39)

($46)

($43)

($40)

($31)

($22)

($28)

($44)

($67)

($63)

($41)

($27)

($17)

($5)

—

—

—

—

Net Income ($M)

$3,127

$208

$200

$407

$215

$287

$7

$84

$112

$139

$140

$152

$64

$85

$124

$212

$233

$195

$129

$84

$55

($5)

—

—

—

—

AT Operating Cash Flow ($M)

$6,298

$320

$384

$708

$498

$568

$194

$317

$352

$363

$318

$307

$187

$209

$244

$304

$395

$283

$168

$110

$73

($5)

$1

($1)

($0)

$0

Total Capital ($M)

($1,385)

($133)

($343)

($270)

($74)

($67)

($62)

($40)

($51)

($45)

($20)

($24)

($19)

($48)

($33)

($36)

($9)

($17)

($11)

($6)

($3)

($11)

($25)

($13)

($2)

($2)

AT Free Cash Flow ($M)

$4,913

$187

$41

$438

$424

$501

$132

$277

$301

$318

$298

$283

$169

$161

$211

$268

$386

$266

$157

$104

$70

($16)

($24)

($13)

($2)

($2)

Non-GAAP Reconciliation

Cost of Sales ($M, GAAP)

$6,029

$277

$400

$528

$492

$464

$411

$416

$429

$445

$405

$385

$337

$351

$313

$139

$82

$57

$42

$33

$25

—

—

—

—

—

Treatment & Refining ($M)

$5

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

—

—

—

—

—

Cash Costs ($M, non-GAAP)

$6,034

$277

$400

$528

$492

$464

$411

$416

$429

$445

$405

$386

$338

$351

$313

$139

$82

$57

$42

$33

$25

—

—

—

—

—

Sustaining Capital ($M)

$669

$97

$80

$91

$43

$57

$62

$36

$34

$44

$19

$21

$17

$33

$18

$17

$1

$1

$1

$1

$1

—

—

—

—

—

Reclamation ($M)

$175

—

—

—

—

—

—

$1

$1

$1

$1

$3

$2

$15

$15

$20

$8

$17

$10

$6

$3

$11

$25

$13

$2

$2

AISC ($M, non-GAAP)

$6,877

$374

$480

$619

$535

$521

$473

$452

$464

$490

$425

$409

$356

$399

$346

$176

$91

$74

$53

$39

$28

$11

$25

$13

$2

$2

More News From SSR Mining Inc.

Taiwan Semiconductor Manufacturing (TSM -1.98%), popularly known as TSMC, has been one of the biggest beneficiaries of the global chip boom, primarily due to its position as the largest semiconductor foundry that manufactures chips for major consumer electronics companies and chip designers that serve multiple end markets.

TSMC has capitalized on the artificial intelligence (AI) boom in recent years, thanks mainly to its advanced process nodes, which enable customers to manufacture cutting-edge chips. Not surprisingly, TSMC stock has gained nearly 384% over the past three years, outperforming the 246% gain in the PHLX Semiconductor Sector index over the same period.

I won't be surprised to see this semiconductor stock head higher after it releases its third-quarter results on Oct. 15. Let's look at the reasons why TSMC is primed for more upside, potentially doubling by 2030.

Image source: The Motley Fool.

TSMC's accelerating growth suggests that its bull run is far from overThis has been a strong year for TSMC. The company's revenue has increased by 41% in the first nine months of 2026, suggesting it is on track to exceed its 2025 revenue growth of 36%.

Premium Feature

Moneyball Superscore

98/100

Today's Change

(

-1.98

%) $

-8.96

Current Price

$

444.35

Notably, TSMC's revenue growth has accelerated in recent months. Its September revenue increased nearly 55% from the same month in 2025, while August 2026 revenue was up by 53% over the same month last year. TSMC's Q3 revenue increased by 50% from the same period last year to $46.71 billion, beating estimates and exceeding the company's guidance range of $44.6 billion to $45.8 billion.

What's more, the company's net profit is expected to increase by 64% from the year-ago period, as noted by Reuters. In fact, Reuters points out that TSMC is on track to report its sixth consecutive quarter of record profits due to the huge investments in AI infrastructure. The good part is that the AI infrastructure boom is far from over.

Nvidia, for instance, expects to double its chip sales next year. On the other hand, Advanced Micro Devices expects it can substantially boost supply in 2027, as it sees strong demand for advanced chips driven by AI. Both Nvidia and AMD are TSMC's customers.

As a result, it is easy to see why TSMC is reportedly planning to increase the production capacity of its advanced chip nodes next year. Market research firm TrendForce reports that TSMC's 2-nanometer (nm) chip production capacity could jump 22% by mid-2027 compared to the end of 2026. Additionally, the semiconductor giant is reportedly planning a 16% increase in 3nm production capacity over the same period.

TSMC gets a third of its revenue from these two process nodes, so higher production bodes well for the company's performance next year. Also, TSMC is reportedly set to increase prices for its advanced nodes by 5%-10% next year, according to Taiwan's national news agency.

So, TSMC should ideally witness a strong increase in both volumes and margins in 2027, which should allow it to sustain its robust revenue and earnings growth. Moreover, I won't be surprised to see TSMC offer a stronger-than-expected outlook when it reports results on Oct. 15, as AI customers such as Nvidia and AMD build up inventory to meet strong end-market demand.

TSMC's sunny guidance could pave the way for more upside. Moreover, TSMC increased its global semiconductor revenue forecast for 2030 to $1.5 trillion in May this year, up from the earlier estimate of $1 trillion. So, the strong jump in TSMC's revenue and earnings is sustainable beyond 2027, and that's what analysts are expecting.

TSM Revenue Estimates for Current Fiscal Year data by YCharts

A $1,000 investment in TSMC stock is going to be a smart moveIf you have $1,000 in investible cash after meeting your expenses, saving for tough times, and clearing expensive loans, you can consider buying this AI stock with that money. The reason why I say this is that analysts have become quite bullish about TSMC's earnings growth prospects this year.

TSM EPS LT Growth Estimates data by YCharts

Specifically, TSMC's earnings are anticipated to increase by 60% in 2026 to $17.04 per share. The forecast for the next couple of years points to solid 30% increases.

TSM EPS Estimates for Current Fiscal Year data by YCharts

Assuming TSMC's bottom line increases by even 20% in 2029 and 2030, its earnings per share could hit $42.05 by the end of the decade. If TSMC trades at 30 times earnings at that time, a slight discount to the Nasdaq-100 index's earnings multiple of 31.5, its stock price could reach $1,261. That's 184% higher than where TSMC stock is right now.

So, a $1,000 investment in TSMC could be worth more than $2,800 in 2030, which is why investors should consider buying this multibagger stock before it soars higher following its Oct. 15 report.

SummaryBroadcom remains a buy as its AI semiconductor revenue surges, supported by deep engineering partnerships with Google, OpenAI, and Meta.AVGO's 3.5D XDSiP platform and advanced chip packaging expertise are critical as Moore's Law slows and customers demand ever-larger, more complex silicon.Despite a drop in gross margin to 73–75% due to memory content, operating margins remain robust at 66%, driven by volume and leverage.At $361.54, AVGO trades at 18.7x FY2027 EPS estimates, offering reasonable valuation if AI revenue and earnings growth targets are met. Sundry Photography/iStock Editorial via Getty Images

I last covered Broadcom (AVGO) in July, when the stock was at $398.50. It is now at $361.54, down about 9%. Not a great call so far, although the AI business has grown considerably since then.

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

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

 New controller delivers enhanced performance, integrated safety and cybersecurity capabilities to help machine builders meet evolving operational and regulatory demands

, /PRNewswire/ -- Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated to industrial automation and digital transformation, today announced the launch of its CompactLogix® 5390 controller, the latest advancement in the Integrated Architecture® controller family designed to help machine builders and manufacturers optimize performance, security, safety, data and flexibility in modern automation environments.

Rockwell Automation advances Integrated Architecture portfolio with CompactLogix 5390 controller Industrial operations are becoming more connected and data-intensive, placing greater demands on control systems. To remain competitive, OEMs and end users must manage higher capacity applications, integrated safety, cybersecurity and operational visibility. Meeting these requirements and delivering more intelligent solutions often introduces additional complexity and engineering effort.

Expanding the proven Logix platform, CompactLogix 5390 controllers bring together built-in cybersecurity, integrated safety and enhanced performance in a single control platform. With security capabilities aligned to IEC 62443-4-2 and readiness for the EU Cyber Resilience Act, the controller helps machine builders address evolving global requirements while simplifying machine design.

Support for local PointMax™ I/O enables more modular architectures, while a footprint that is 43% smaller than previous CompactLogix 5380 controllers helps reduce panel space requirements and standardize designs across machine families. Together, these capabilities help customers manage increasingly sophisticated automation applications with less complexity.

"Manufacturers and machine builders are being asked to do more than deliver performance. They must also address increasingly stringent cybersecurity and safety requirements while managing larger, more connected operations," said Siva Iyyamperumal, senior product manager at Rockwell Automation. "CompactLogix 5390 controllers bring these capabilities together in a single platform, helping customers simplify machine design, support regulatory readiness and scale advanced automation applications with confidence."

Built-in security and safety capabilities help machine builders reduce risk, simplify compliance efforts and prepare for evolving global regulations without adding complexity to machine architecture.

CompactLogix 5390 controllers are designed to work seamlessly within the Rockwell Automation Integrated Architecture ecosystem and expand the company's compact performance offering, which brings together control, I/O, visualization, motion, safety and information technologies in a streamlined architecture for machine builders and OEMs. The controller integrates with PointMax I/O, Kinetix® motion solutions, PowerFlex® drives, Stratix® networking technologies, FactoryTalk® Design Studio™ software and other visualization solutions.

This integrated approach helps simplify engineering workflows, reduce commissioning risk and provide a scalable path from standalone machines to complex production systems.

Learn more about the CompactLogix 5390 controller on Rockwell's website or contact your distributor.   

FAQ

How do CompactLogix 5390 controllers support compact performance?
CompactLogix 5390 controllers expand the compact performance offering from Rockwell Automation, providing machine builders and OEMs with integrated control, I/O, visualization, motion, safety and information technologies to build higher-performing, safer, more secure and data-driven machines. 

Who is this solution for?
This solution is designed for OEMs, systems integrators and end users who need a high-performance, scalable control and information platform to support more complex machines, process skids and production systems while preparing for future operation demands.

How does this help manufacturers?
CompactLogix 5390 controllers help manufacturers improve productivity, flexibility and operational efficiency with enhanced processing power, expanded scalability and modern connectivity. They enable faster machine performance, support growing application requirements, and provide a seamless path to integrate data, diagnostics and advanced technologies across operations.

About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 26,000 problem solvers dedicated to our customers in more than 100 countries as of fiscal year end 2025. To learn more about how we are bringing Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com.

SOURCE Rockwell Automation, Inc.

13.10.2026 12:57, BAAFIXZO

Výrobce mobilního příslušenství FIXED.zone zveřejnil v rámci prezentace k podzimnímu Start Day výsledky za první pololetí roku 2026. Společnost zaznamenala pokles obratu a prohloubení provozní ztráty, kterou zatížily náklady na restrukturalizaci ve výši 8,15 mil. Kč.

Výsledky za 1H 2026 Obrat společnosti za 1H meziročně klesl o 12,6 % ze 187,6 mil. Kč na 164 mil. Kč. Provozní ztráta se prohloubila z 8,2 mil. Kč na 12,7 mil. Kč. Po očištění o náklady na restrukturalizaci, které zatížily provozní ziskovost ve výši 8,15 mil. Kč, dosáhla ztráta podle manažerského výpočtu společnosti 4,55 mil. Kč. V prvním pololetí roku 2025 byly restrukturalizační náklady podle společnosti minimální.

Společnost v prezentaci uvádí, že nyní zaměstnává 50 lidí a podle vedení proběhlo snížení počtu zaměstnanců bez poklesu efektivity. Fixed.zone uvádí, že úsporná opatření již realizovala a nyní se soustředí na výkon a hlavní činnost podnikání. Produktivitu chce podpořit širším využitím umělé inteligence, kterou plánuje do poloviny roku 2027 zavést na všech úrovních firmy.

Mezi faktory ovlivňující trh společnost řadí delší životnost telefonů, konkurenci čínských tržišť a tlak na nízké ceny. Od druhého pololetí podle svého vyjádření vnímá pozitivní dopady narovnávání podmínek pro čínská tržiště ze strany EU.

Růstové příležitosti firma vidí v rozšíření prodeje prostřednictvím Megapixelu, Officeo, Woltu či Košíku, ve firemní klientele a přímém prodeji zákazníkům na Slovensku a v Polsku. Právě Polsko označuje za prioritní zahraniční trh. Další země, například ve Skandinávii a Pobaltí či Maďarsko, chce obsluhovat prostřednictvím distributorů.

Konkrétní číselný výhled obratu ani ziskovosti na celý rok 2026 či 2027 prezentace neobsahuje.

Akcie FIXED.zone Akcie FIXED.zone (BAAFIXZO) se na pražské burze obchodují za 55 Kč, na RM-SYSTÉMu pak za 54 Kč.

Zdroj: FIXED.zone

Marek Chudoba, Fio banka, a.s.

Vedle bank dnes reportuje výsledky hospodaření za třetí kvartál také zdravotnický gigant UnitedHealth, který překonal odhady Wall Street, a navíc vylepšil celoroční výhled. Skupina tak dál pokračuje ve stabilizaci podnikání po problémech v loňském roce, které vyplynuly z podcenění růstu nákladů na zdravotní péči. Akcie v prvotní reakci přidávaly v premarketu kolem tří procent.

Upravený zisk na akcii vzrostl meziročně o 61 procent na 4,69 dolaru při konsenzu trhu 4,14 dolaru. Tržby stagnovaly, když dosáhly 112,7 miliardy dolarů, avšak očekávání byla o 1,3 mld. USD níže.

Nad očekávání dopadly také tržby a provozní zisk v obou hlavních segmentech skupiny: v pojišťovací divizi UnitedHealthcare i ve zdravotnické a servisní části Optum.

Do výsledků se mj. pozitivně promítlo 610 milionů dolarů uvolněných z rezerv. Šlo o částku původně vyčleněnou na úhradu nákladů na zdravotní péči, která nakonec nebyla potřeba.

„Tento trend zůstává zvýšený, avšak velmi stabilní,“ citoval Bloomberg finančního ředitele Wayna DeVeydta v narážce na tempo růstu nákladů na zdravotní péči.

Společnost potěšila také zlepšeným výhledem. Nově očekává upravený zisk na akcii za celý rok nejméně 20,50 USD, zatímco dříve počítala s rozmezím 19,50 až 20 USD. Jedná se už o třetí navýšení výhledu v letošním roce, podotkla agentura Bloomberg.

Výsledky UnitedHealth jsou sledovány jako indikátor vývoje celého sektoru zdravotního pojištění v USA. Odvětví se v posledních letech potýká s růstem nákladů na zdravotní péči i s regulatorními změnami, které ovlivňují poskytovatele zdravotních služeb i pojišťovny.

UnitedHealth zároveň pokračuje v restrukturalizaci svého podnikání. Po loňských problémech s odhadem zdravotních nákladů firma omezila některé aktivity v programu Medicare Advantage a přistoupila k úpravám svého portfolia zdravotnických zařízení.

Významné změny probíhají zejména v divizi Optum Health, která provozuje síť lékařských ordinací a klinik. Společnost již dříve oznámila plán snížit počet provozovaných zařízení přibližně o pětinu, což představuje zhruba 550 lokalit.

Podle vedení většina tohoto procesu proběhla již během první poloviny roku a dokončení restrukturalizace se očekává do konce roku 2026. Cílem není kliniky uzavírat, ale převádět je pod nové vlastníky.

Výzvou zůstává Medicare Advantage

UnitedHealth se nadále musí vypořádat s tlakem v segmentu Medicare Advantage, tedy soukromě spravované verzi státního programu Medicare, která pokrývá více než polovinu oprávněných příjemců. Pojišťovna UnitedHealthcare, jež je součástí skupiny UnitedHealth, je největším poskytovatelem těchto plánů v USA. Tento trh byl v minulosti pro pojišťovny významným zdrojem zisků, v posledních letech však jeho atraktivitu snižuje růst zdravotních nákladů i přísnější dohled federálních úřadů.

Další komplikaci přineslo minulý týden rozhodnutí federálních úřadů snížit hodnocení kvality některých plánů UnitedHealthcare. Podle analytiků z Evercore ISI a TD Cowen by tento krok mohl společnosti v roce 2028 ubrat více než jednu miliardu dolarů na tržbách.

Současně UnitedHealthcare stejně jako další zdravotní pojišťovny omezuje některé programy a redukuje rozsah benefitů, aby si udržela ziskovost. Na trhu tak vzniká intenzivní boj o co nejvýnosnější klienty, přičemž cílem již není pouze navyšování počtu pojištěnců, ale především získání rentabilního pojistného kmene. V příštím roce navíc budou miliony amerických seniorů hledat nové zdravotní plány.

Od konce roku 2025 přišla UnitedHealthcare v programech Medicare Advantage a souvisejících schématech přibližně o 935 tisíc klientů z řad seniorů. DeVeydt však uvedl, že již v roce 2027 by se společnost mohla vrátit k růstu počtu pojištěnců. „Je růst opět ve hře? Domníváme se, že ano,“ uvedl.

CoreCap Advisors LLC lessened its position in Agree Realty Corporation (NYSE:ADC – Free Report) by 94.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,213 shares of the real estate investment trust’s stock after selling 76,056 shares during the quarter. CoreCap Advisors LLC’s holdings in Agree Realty were worth $281,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of ADC. Clearstead Trust LLC bought a new position in Agree Realty in the second quarter valued at $33,000. Elevation Wealth Partners LLC boosted its stake in shares of Agree Realty by 172.2% during the 3rd quarter. Elevation Wealth Partners LLC now owns 430 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 272 shares during the last quarter. CX Institutional boosted its stake in shares of Agree Realty by 852.2% during the 3rd quarter. CX Institutional now owns 438 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 392 shares during the last quarter. Wealth Enhancement Trust Services Inc. acquired a new position in shares of Agree Realty during the 3rd quarter worth about $32,000. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Agree Realty in the 2nd quarter valued at about $45,000. Institutional investors own 97.83% of the company’s stock.

Analysts Set New Price Targets A number of research firms recently issued reports on ADC. Barclays lifted their target price on Agree Realty from $84.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. Truist Financial began coverage on Agree Realty in a research report on Thursday, October 1st. They set a “buy” rating and a $75.00 price target for the company. Robert W. Baird set a $83.00 price target on Agree Realty in a research note on Friday, July 31st. Wall Street Zen lowered Agree Realty from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings lowered Agree Realty from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $82.81.

Check Out Our Latest Research Report on Agree Realty Agree Realty Trading Up 0.3% Agree Realty stock opened at $66.17 on Tuesday. Agree Realty Corporation has a 52 week low of $64.43 and a 52 week high of $82.08. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $8.23 billion, a P/E ratio of 35.58, a PEG ratio of 2.21 and a beta of 0.42. The stock has a 50-day simple moving average of $70.99 and a 200 day simple moving average of $74.56.

Agree Realty (NYSE:ADC – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.04). Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The business had revenue of $216.33 million during the quarter, compared to the consensus estimate of $204.53 million. During the same quarter in the prior year, the company earned $1.06 EPS. Agree Realty’s quarterly revenue was up 16.8% on a year-over-year basis. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. Analysts expect that Agree Realty Corporation will post 4.45 earnings per share for the current year.

Agree Realty Announces Dividend The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be paid a $0.2670 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Wednesday, September 30th. Agree Realty’s dividend payout ratio is 172.04%.

Insider Activity at Agree Realty In other Agree Realty news, insider Craig Erlich purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were acquired at an average price of $67.55 per share, for a total transaction of $67,550.00. Following the purchase, the insider owned 60,388 shares in the company, valued at approximately $4,079,209.40. The trade was a 1.68% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John Rakolta, Jr. purchased 20,000 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were acquired at an average cost of $68.78 per share, with a total value of $1,375,600.00. Following the acquisition, the director directly owned 654,602 shares in the company, valued at approximately $45,023,525.56. The trade was a 3.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 48,496 shares of company stock worth $3,418,670. Company insiders own 1.80% of the company’s stock.

Agree Realty Profile (Free Report)

Agree Realty Corporation is a real estate investment trust (REIT) that owns, develops, acquires and manages retail properties leased primarily under long-term, single-tenant net lease agreements. Under these arrangements, tenants generally assume responsibility for property-level expenses such as taxes, insurance and maintenance.

The company focuses on necessity-based retail properties, including locations occupied by grocery stores, home improvement retailers, discount retailers, pharmacies and other service-oriented businesses.

See Also Five stocks we like better than Agree Realty Salesforce Just Got a Rare Double Upgrade—What Changed? OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit 3 REITs That May Win in a Higher Interest Rate Environment Want to see what other hedge funds are holding ADC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agree Realty Corporation (NYSE:ADC – Free Report).

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On Sept. 16, Generac (GNRC -2.92%) announced a multi-year deal with Amazon (AMZN -1.10%) for large-scale backup generators and power hardware to power Amazon Web Services data centers. Under the deal, Amazon will pay Generac $2.4 billion for equipment deliveries over the next two years, and orders could scale to $8 million through September 2033.

The deal comes as hyperscalers search high and low for power solutions for energy-hungry artificial intelligence data centers. Here's what investors need to know about Generac's massive deal with Amazon, and what it means for the company's long-term outlook.

Image source: The Motley Fool.

Data centers need a massive amount of reliable power
Modern AI data centers require a massive amount of power. Traditional data centers run at 5 kilowatts (kW) to 15 kW per server rack, but next-generation data centers loaded with high-end graphics processing unit (GPU) clusters, such as Nvidia's H200 and Blackwell chips, draw 40 kW to 120 kW per rack. On top of that, AI campuses could require enough electricity to power roughly 400,000 to 800,000 homes. In northern Virginia, the world's largest data center hub, data centers use roughly one-quarter of the state's total electricity supply.

Hyperscalers don't just need power. They need reliable, 24/7 baseload power. That's because frontier models train nonstop across tens of thousands of GPUs for months at a time. Because these models use parallel processing, power disruptions can corrupt training and cost valuable time and money.

Industrial operators like Generac are capitalizing on this booming demand
The need for reliable power is opening the door for industrial operators like Generac to meet it. With regional electric utilities facing bottlenecks and long interconnection queues, major technology companies like Amazon must procure on-site power solutions, and demand for power equipment has surged over recent years.

Traditional suppliers such as GE Vernova, Caterpillar, and Cummins have equipment backlogs stretching out for years, creating an ideal opening for Generac to capture market share by committing dedicated factory capacity and faster delivery timetables.

Generac's deal with Amazon is an important strategic pivot
Expanding into data centers is part of Generac's pivot into being an integrated energy solutions provider. The company has historically provided standby generators to residential and commercial customers, with its business heavily skewed toward residential customers. Its standby generators were its core product, targeting customers in regions prone to weather-related power outages.

Generac's business model has strong margins, and its brand is recognizable in backup power. However, sales were highly vulnerable to swings driven by high-profile weather-related disasters that spurred growth. During years of mild storm activity, sales would drop off. Sales were also uneven. A customer buying a generator may not need to buy a new one for another decade or longer.

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Generac is scaling its Commercial and Industrial division, and landing a top hyperscaler could accelerate that transition by shifting its focus to systems tailored to high-density compute facilities. By expanding into data centers, Generac can broaden its customer base and stabilize its business model with multi-year contracts that provide revenue years down the road.

This deal is a massive one for Generac
Generac's deal with Amazon is staggering. Last year, Generac's net sales across all product lines totaled $4.2 billion, with its commercial division sales at $1.5 billion. Amazon's baseline commitment of $2.4 billion represents half of its annual revenue, and its $8 billion upside is huge for a company with a market capitalization of roughly $13 billion today.

The company granted Amazon warrants to purchase up to 1.69 million common shares at an exercise price of $200.93, which is just under 3% of Generac's total shares outstanding. While dilutive, the equity is modest, and the remaining 1.38 million warrant shares vest in stages only as Amazon places actual orders, aligning both Amazon's and Generac's incentives.

Generac's Amazon deal marks an important pivot for a company that has historically relied on residential sales. This agreement could be the first of many for Generac. For investors seeking exposure to booming electricity demand from hyperscale AI data centers, it looks like a good sign.

Patrick Industries, Inc. (NASDAQ:PATK – Get Free Report) shares hit a new 52-week low during trading on Tuesday. The stock traded as low as $63.00 and last traded at $64.20, with a volume of 372,631 shares traded. The stock had previously closed at $63.46.

Analyst Ratings Changes Several brokerages have recently weighed in on PATK. Benchmark reissued a “buy” rating and issued a $115.00 price target (down from $135.00) on shares of Patrick Industries in a research note on Tuesday, August 11th. Northcoast Research set a $121.00 price objective on Patrick Industries and gave the stock a “buy” rating in a research note on Tuesday, September 1st. Weiss Ratings cut Patrick Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 29th. Raymond James Financial restated an “outperform” rating and set a $94.00 price target on shares of Patrick Industries in a report on Friday, July 31st. Finally, KeyCorp dropped their price target on shares of Patrick Industries from $115.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, October 8th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $112.33.

Get Our Latest Report on Patrick Industries

Patrick Industries Stock Performance The company has a quick ratio of 0.96, a current ratio of 2.67 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $2.06 billion, a P/E ratio of 15.21 and a beta of 1.16. The company’s 50 day moving average is $77.10 and its 200-day moving average is $87.91. Patrick Industries (NASDAQ:PATK – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.05. Patrick Industries had a net margin of 3.74% and a return on equity of 12.69%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $994.95 million. During the same period in the previous year, the firm posted $1.50 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. As a group, equities analysts anticipate that Patrick Industries, Inc. will post 4.17 EPS for the current year.

Patrick Industries Announces Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were paid a $0.47 dividend. The ex-dividend date was Monday, August 24th. This represents a $1.88 annualized dividend and a dividend yield of 2.9%. Patrick Industries’s dividend payout ratio (DPR) is currently 44.55%.

Hedge Funds Weigh In On Patrick Industries Institutional investors have recently modified their holdings of the company. Foster & Motley Inc. bought a new stake in Patrick Industries during the second quarter worth $1,347,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Patrick Industries in the 1st quarter valued at $5,220,000. Jupiter Topco LLC bought a new position in Patrick Industries in the 2nd quarter valued at $1,289,000. Bank of America Corp DE bought a new position in Patrick Industries in the 2nd quarter valued at $30,646,000. Finally, Atom Investors LP purchased a new stake in shares of Patrick Industries during the 4th quarter valued at $7,272,000. 93.29% of the stock is owned by institutional investors and hedge funds.

Patrick Industries Company Profile (Get Free Report)

Patrick Industries, Inc is a manufacturer and distributor of component products and building materials used in recreational vehicles, marine vessels, manufactured housing, industrial applications and other markets. The company supplies original equipment manufacturers and other customers with products designed for use in interior, exterior and structural applications.

Its product portfolio includes cabinetry, furniture, countertops, flooring, wall panels, hardware, plumbing and electrical components, windows, doors, electronics, composite panels and other specialty products.

See Also Five stocks we like better than Patrick Industries Salesforce Just Got a Rare Double Upgrade—What Changed? OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit 3 REITs That May Win in a Higher Interest Rate Environment Receive News & Ratings for Patrick Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patrick Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Farther Finance Advisors LLC grew its position in Brown & Brown, Inc. (NYSE:BRO – Free Report) by 1,424.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,583 shares of the financial services provider’s stock after acquiring an additional 37,921 shares during the period. Farther Finance Advisors LLC’s holdings in Brown & Brown were worth $2,734,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BRO. Union Bancaire Privee UBP SA purchased a new position in Brown & Brown in the first quarter worth $25,000. Allied Private Wealth LLC purchased a new stake in shares of Brown & Brown during the 2nd quarter worth $35,000. Continuum Advisory LLC purchased a new stake in shares of Brown & Brown during the 2nd quarter worth $34,000. Johnson Financial Group Inc. acquired a new position in shares of Brown & Brown during the 2nd quarter worth $37,000. Finally, Elevation Wealth Partners LLC grew its stake in shares of Brown & Brown by 175.1% during the 3rd quarter. Elevation Wealth Partners LLC now owns 619 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 394 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets Several analysts recently commented on the stock. Mizuho reduced their price objective on shares of Brown & Brown from $83.00 to $78.00 and set an “outperform” rating for the company in a research note on Wednesday, October 7th. Wells Fargo & Company reduced their price target on shares of Brown & Brown from $69.00 to $68.00 and set an “equal weight” rating for the company in a research report on Monday. Weiss Ratings raised Brown & Brown from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. Morgan Stanley lowered their price target on Brown & Brown from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Tuesday, October 6th. Finally, BMO Capital Markets raised their price objective on Brown & Brown from $73.00 to $74.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $76.00.

Check Out Our Latest Research Report on Brown & Brown Key Brown & Brown News Here are the key news stories impacting Brown & Brown this week:

Positive Sentiment: TD Cowen initiated a Buy rating and said Brown & Brown could be positioned for an upward re-rating. The bullish view supports the case that the insurance broker’s diversified platform and long-term growth prospects are not fully reflected in the share price. Brown & Brown scores new Buy rating at TD Cowen as stock set for re-rating upward Positive Sentiment: Brown & Brown acquired Cork-based O’Leary Life, expanding its insurance distribution operations in Ireland. Although financial terms were not disclosed, the transaction may strengthen the company’s international footprint and add future commission and fee revenue. Cork’s O’Leary Life acquired by Brown & Brown Neutral Sentiment: Citizens JMP maintained a Market Outperform rating while reducing its price target to $75 from $78. The revised target still implies meaningful upside from the referenced share price, but the cut reflects more cautious expectations. Brown & Brown Given New $75.00 Price Target at Citizens JMP Neutral Sentiment: Wells Fargo lowered its target to $68 from $69 and kept an Equal Weight rating, indicating limited near-term conviction despite a target modestly above the referenced market price. Brown & Brown Stock Gets Price Target Cut from Wells Fargo Negative Sentiment: BofA cut its price target to $81 from $87 while retaining a Neutral rating, adding to evidence that analysts are tempering valuation expectations. BofA Adjusts Price Target on Brown & Brown Negative Sentiment: An analysis questioned whether insurer payments and commission trends may be masking weakness in Brown & Brown’s core operations. That concern could weigh on sentiment, particularly after the company’s latest quarterly revenue missed consensus expectations despite strong year-over-year growth. Are Insurer Payments Hiding Weakness in Its Core Business? Brown & Brown Stock Performance Shares of BRO opened at $63.69 on Tuesday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.58. The stock has a market cap of $21.31 billion, a P/E ratio of 20.09, a PEG ratio of 1.87 and a beta of 0.60. The company has a 50-day moving average of $67.57 and a two-hundred day moving average of $64.85. Brown & Brown, Inc. has a 12-month low of $53.81 and a 12-month high of $95.69.

Brown & Brown (NYSE:BRO – Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.01). Brown & Brown had a net margin of 17.75% and a return on equity of 13.17%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. As a group, research analysts predict that Brown & Brown, Inc. will post 4.50 EPS for the current fiscal year.

Brown & Brown Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 12th were issued a dividend of $0.1650 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Wednesday, August 12th. Brown & Brown’s dividend payout ratio is 20.82%.

Brown & Brown Profile (Free Report)

Brown & Brown, Inc is an independent insurance brokerage, risk management and employee benefits firm headquartered in Daytona Beach, Florida. The company helps businesses, public entities and individuals identify, manage and transfer risk through insurance placement, risk consulting and related services.

Its offerings include property and casualty insurance, employee benefits, personal insurance, surety products, risk management services and specialized insurance programs. Brown & Brown also operates wholesale brokerage businesses that provide coverage solutions and access to insurance markets for retail agents and brokers, including products designed for specialty and hard-to-place risks.

Founded in 1939 by J.

Featured Stories Five stocks we like better than Brown & Brown Salesforce Just Got a Rare Double Upgrade—What Changed? OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit 3 REITs That May Win in a Higher Interest Rate Environment

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Builders FirstSource, Inc. (NYSE:BLDR – Get Free Report)’s share price reached a new 52-week low during trading on Tuesday. The stock traded as low as $51.93 and last traded at $52.13, with a volume of 1,613,616 shares changing hands. The stock had previously closed at $52.85.

Analyst Upgrades and Downgrades A number of analysts have commented on BLDR shares. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on Builders FirstSource in a research report on Friday, July 31st. Barclays reduced their target price on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Royal Bank Of Canada decreased their price target on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. BMO Capital Markets reaffirmed a “market perform” rating and set a $80.00 price objective on shares of Builders FirstSource in a report on Thursday, August 6th. Finally, Benchmark decreased their price objective on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $84.50.

View Our Latest Analysis on Builders FirstSource

Builders FirstSource Stock Performance The firm has a market capitalization of $5.61 billion, a P/E ratio of 57.29, a price-to-earnings-growth ratio of 1.70 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The stock has a 50-day moving average of $63.86 and a 200 day moving average of $73.46. Builders FirstSource (NYSE:BLDR – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.38 earnings per share. On average, research analysts anticipate that Builders FirstSource, Inc. will post 3.19 earnings per share for the current year.

Institutional Investors Weigh In On Builders FirstSource Several institutional investors have recently modified their holdings of the business. Sunbelt Securities Inc. raised its position in shares of Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after buying an additional 300 shares in the last quarter. Root Financial Partners LLC grew its stake in Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after buying an additional 113 shares in the last quarter. Allworth Financial LP acquired a new stake in Builders FirstSource during the second quarter worth about $42,000. Continuum Advisory LLC bought a new position in Builders FirstSource in the 2nd quarter valued at about $48,000. Finally, Global Retirement Partners LLC bought a new position in Builders FirstSource in the 2nd quarter valued at about $49,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

(Get Free Report)

Builders FirstSource, Inc (NYSE: BLDR) is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.

Featured Stories Five stocks we like better than Builders FirstSource Salesforce Just Got a Rare Double Upgrade—What Changed? OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit 3 REITs That May Win in a Higher Interest Rate Environment Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.

SummaryHims & Hers Health is rated a buy, with a fair value estimate of $41 per share versus the current $29.81.I see the market overly discounting HIMS due to regulatory uncertainty, while the Novo partnership could drive over 50% new subscribers annually.Core business assumptions are conservative: 17% revenue CAGR, 18% EBITDA margin by 2030, and peptides modeled as an upside option worth $3 per share in the base case.Key risks include undisclosed churn, persistent margin compression, and an FTC complaint, but management guidance and new product mix suggest substantial upside potential. MargJohnsonVA/iStock via Getty Images

I rate Hims & Hers Health (HIMS) a buy with a fair value of roughly $41 per share against the current $29.81, derived from a 2030 exit multiple of 16 times adjusted EBITDA discounted back at a

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Summary:

The USD/ZAR forex pair rose near 16.75 on October 1. It then dropped over 0.8 percent last week, making it the second straight weekly loss and going below 16.50 today.
Even with the DXY holding above 102, the rand has stayed strong, thanks to the SARB’s September rate hike to 7.25% and recent lower oil prices.
The pair will likely see more near-term declines if oil prices ease. However, US inflation figures, energy markets, and geopolitics will shape its direction.
The USD/ZAR exchange rate hit a nine-week high around 16.75 on October 1, 2026, before falling back. It’s already dropped over 0.8% this past week and is on track for a second straight weekly loss, currently trading below 16.50.

Currency traders might want to pay attention to this recent slide, particularly when looking at the broader market. The US Dollar Index (DXY) has stayed strong, trading above 102, due to persistent US inflation and expectations that interest rates will remain high. So what is happening?

What Is Pressuring the Pair?
Oil prices are a big factor here. On October 9, Reuters reported oil prices fell after Middle East supply worries lessened. That came after President Trump said the US wouldn’t attack Iran before the upcoming elections.

South Africa imports a lot of energy, so cheaper oil cuts its import costs. That could free up capital for other spending.

Plus, ongoing global geopolitical uncertainty and the hunt for safe-haven assets have kept gold and silver prices high. Since South Africa exports a lot of minerals, these conditions boost its terms of trade and bring in more foreign currency.

The rand also offers attractive yields for carry trades against the US dollar. In September, the South African Reserve Bank (SARB) raised its policy rate by 25 basis points to 7.25%.

SARB made that decision because of inflation risks from high fuel prices and broader energy market disruptions. This keeps the rand’s interest rate advantage substantial.

Why the Rand Is Defiant Amid Elevated DXY Index Reading
The DXY Index still trades above 102, recently hovering near 102.4. Strong bond yields and the Federal Reserve’s commitment to tight monetary policy support this. Typically, a DXY level like this would put considerable pressure on emerging market currencies, the rand included.

Yet the USD/ZAR has dropped, showing the rand’s relative strength. Two key things explain this. The SARB’s September repo rate hike to 7.25% and local bond yields around 8.8% give foreign investors a premium.

In addition, August inflation came in at 4.4%, under the projected 4.5%, reducing the chance of further interest rate raises.

What Will Decide USD/ZAR Direction?
The outlook suggests a modest, continued decline in USD/ZAR short-term, assuming global risk appetite stays stable. A sustained break below the 16.45-16.40 range could signal further rand appreciation. On the flip side, a move back above 16.70 would indicate the dollar’s strength is returning.

Upcoming US inflation data will heavily influence market expectations for Federal Reserve policy. US CPI figures are due Wednesday. Headline inflation is anticipated to rise to 3.7%, up from 3.4%. Core inflation is expected at 2.5%.

Traders currently put an 81% probability on the Fed holding rates steady in October. Stronger-than-expected inflation, however, could revive bets on a December rate hike and strengthen the dollar, possibly pushing USD/ZAR back towards 16.75. Weaker inflation data, on the other hand, would likely have the opposite effect.

South Africa’s domestic data and communications from the SARB will also play a role. If evidence shows the inflationary impact of higher fuel costs is contained, that would support the rand. But signs of broader price pressures could limit its upward momentum.

Why did USD/ZAR fall after its October 1 peak?

The pair met technical resistance near 16.75 and then retreated. Softer oil prices helped the rand recover, even as the dollar remained strong.

How does the SARB rate support the rand?

The SARB’s September rate hike to 7.25% keeps the interest rate attractive. It also signals the bank’s commitment to curbing inflation, particularly with rising energy costs.

Why does oil matter for the rand?

When global crude oil prices climb, South Africa’s petroleum import costs increase. This strains the country’s current account balance and drives up inflation.

13.10.2026 11:01, BAAFILLA

Společnost Fillamentum, zaměřená na materiály pro 3D tisk a výrobu trubek, zveřejnila prezentaci k podzimnímu Start Day 2026. Fillamentum Manufacturing Czech snižuje letošní výhled výnosů a očekává zápornou EBITDA. Sesterská Fillamentum Aerdeo naopak navyšuje plán tržeb, výhled provozního zisku EBITDA však redukuje.

Výsledky za 9M a snížený výhled na rok 2026
Fillamentum zveřejnilo v rámci prezentace k dnešnímu START Day výsledky za první tři kvartály roku 2026 a aktualizovaný výhled. Společnost se potýká s poklesem tržeb v sektoru PLA kvůli tlaku na ceny pod vlivem levnější asijské konkurence. Dále mezi negativa uvádí zvýšení nároků na financování pracovního kapitálu, navýšení cen vstupních materiálů či náklady spojené s kontrolními audity.

Předchozí výhled Fillamentum Manufacturing Czech pracoval s tržbami za rok 2026 ve výši 30,7 mil. Kč a provozní zisk EBITDA ve výši 1,48 mil. Kč. Za první tři kvartály společnost dosáhla níže uvedených tržeb. Vzhledem k nedostatečnému plnění plánu společnost snižuje výhled na rok 2026 na úrovni tržeb na 18 mil. Kč a na úrovni EBITDA očekává záporné hodnoty.

Fillamentum Aerdeo projektuje nově tržby ve výši 42,15 mil. Kč, přičemž předchozí plán pracoval s 38,15 mil. Kč. Plán zisku EBITDA na úrovni 1,234 mil. Kč byl snížen na 0,43 mil. Kč. V níže uvedené tabulce jsou znázorněny tržby za první 3 kvartály.

Akcie Fillamentum
Akcie společnosti Fillamentum (BAAFILLA) se na pražské burze obchodují za 65,5 Kč.

Zdroj: Fillamentum

Marek Chudoba, Fio banka, a.s.

Stonebridge Financial Group LLC lifted its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 12.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,636 shares of the iPhone maker’s stock after purchasing an additional 16,234 shares during the period. Apple accounts for approximately 3.5% of Stonebridge Financial Group LLC’s holdings, making the stock its 4th largest position. Stonebridge Financial Group LLC’s holdings in Apple were worth $49,277,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AAPL. Prospect Hill Management LLC purchased a new stake in shares of Apple in the second quarter worth $146,370,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of Apple during the 2nd quarter valued at $168,646,000. Wealthfront Advisers LLC purchased a new position in shares of Apple during the 2nd quarter valued at $482,388,000. Satovsky Asset Management LLC purchased a new position in shares of Apple during the 2nd quarter valued at $16,064,000. Finally, Saranac Partners Ltd bought a new position in Apple in the 2nd quarter worth $9,513,000. 67.73% of the stock is owned by institutional investors.

Insider Buying and Selling In related news, SVP Deirdre O’brien sold 46,389 shares of the firm’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $333.42, for a total value of $15,467,020.38. Following the completion of the sale, the senior vice president directly owned 136,810 shares in the company, valued at $45,615,190.20. This trade represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $332.01, for a total transaction of $796,491.99. Following the transaction, the senior vice president directly owned 39,593 shares of the company’s stock, valued at $13,145,271.93. The trade was a 5.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 279,383 shares of company stock worth $92,912,517. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth AAPL has been the topic of a number of research analyst reports. Barclays reissued an “underweight” rating and issued a $245.00 price target (down from $253.00) on shares of Apple in a report on Friday, July 31st. Rothschild & Co Redburn set a $400.00 price objective on shares of Apple and gave the company a “buy” rating in a report on Monday, August 17th. Citic Securities lifted their price objective on shares of Apple from $300.00 to $349.00 in a research report on Thursday, August 6th. Citigroup reiterated a “buy” rating on shares of Apple in a research report on Thursday, September 10th. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Apple in a report on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $340.39. View Our Latest Stock Analysis on Apple

Key Headlines Impacting Apple Here are the key news stories impacting Apple this week:

Positive Sentiment: JPMorgan raised its Apple price target from $340 to $360 and maintained an “Overweight” rating, citing improved iPhone 18 Pro demand. Bank of America reiterated its Buy rating and kept a $370 target, viewing potential Starlink competition as manageable. Apple Stock Climbs as JPMorgan Lifts Target, BofA Reiterates Buy Positive Sentiment: Apple reportedly reached a 22% share of the global smartphone market in the third quarter, supported by premium iPhone 18 Pro demand despite an overall industry shipment decline. Reports of strong orders for a new foldable iPhone also provided an additional growth narrative. Apple Stock Nears Record High as iPhone Market Share Hits 22% Positive Sentiment: Investors are anticipating Apple’s expanded smart-home strategy, including a rumored HomeView hub and updated Apple TV and HomePod mini. A successful launch could strengthen Apple’s ecosystem and open a new product category. Will the HomeView Be Apple’s First Smart Home Success? Neutral Sentiment: CEO succession is proceeding with John Ternus replacing Tim Cook, while Cook becomes executive chairman. Apple also met with Chinese officials, underscoring the importance of maintaining stable business and trade relations in its largest overseas market. Tim Cook Meets China’s Vice Premier Negative Sentiment: SpaceX’s planned Starlink mobile service could pressure wireless-carrier subsidies that support iPhone sales and eventually create a competing smartphone ecosystem. SpaceX’s Starlink Could Pose Risks to Apple Negative Sentiment: Reported supplier order reductions and rising memory costs are renewing concerns about iPhone 18 demand and margins. Google’s integration of wearable data with more than 160 lab tests also increases competition for Apple’s health-platform advantage. iPhone 18 Demand and Supplier Order Cuts Apple Price Performance Apple stock opened at $340.97 on Tuesday. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $345.34. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The firm’s fifty day moving average is $323.36 and its 200 day moving average is $303.99. The company has a market cap of $4.98 trillion, a price-to-earnings ratio of 39.10, a PEG ratio of 2.68 and a beta of 1.07.

Apple (NASDAQ:AAPL – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the company earned $1.57 EPS. Sell-side analysts forecast that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple’s dividend payout ratio is presently 12.39%.

About Apple (Free Report)

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple’s services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

Further Reading Five stocks we like better than Apple Salesforce Just Got a Rare Double Upgrade—What Changed? OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit 3 REITs That May Win in a Higher Interest Rate Environment

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.

QRG Capital Management Inc. grew its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 10.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,659,362 shares of the iPhone maker’s stock after buying an additional 252,894 shares during the period. Apple accounts for about 5.5% of QRG Capital Management Inc.’s investment portfolio, making the stock its 2nd biggest holding. QRG Capital Management Inc.’s holdings in Apple were worth $771,119,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prospect Hill Management LLC acquired a new position in Apple during the 2nd quarter valued at about $146,370,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of Apple during the 2nd quarter worth about $168,646,000. Wealthfront Advisers LLC acquired a new stake in shares of Apple in the 2nd quarter worth approximately $482,388,000. Satovsky Asset Management LLC acquired a new stake in shares of Apple in the 2nd quarter worth approximately $16,064,000. Finally, Saranac Partners Ltd acquired a new stake in shares of Apple in the 2nd quarter worth approximately $9,513,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Apple Here are the key news stories impacting Apple this week:

Positive Sentiment: JPMorgan raised its Apple price target from $340 to $360 and maintained an “Overweight” rating, citing improved iPhone 18 Pro demand. Bank of America reiterated its Buy rating and kept a $370 target, viewing potential Starlink competition as manageable. Apple Stock Climbs as JPMorgan Lifts Target, BofA Reiterates Buy Positive Sentiment: Apple reportedly reached a 22% share of the global smartphone market in the third quarter, supported by premium iPhone 18 Pro demand despite an overall industry shipment decline. Reports of strong orders for a new foldable iPhone also provided an additional growth narrative. Apple Stock Nears Record High as iPhone Market Share Hits 22% Positive Sentiment: Investors are anticipating Apple’s expanded smart-home strategy, including a rumored HomeView hub and updated Apple TV and HomePod mini. A successful launch could strengthen Apple’s ecosystem and open a new product category. Will the HomeView Be Apple’s First Smart Home Success? Neutral Sentiment: CEO succession is proceeding with John Ternus replacing Tim Cook, while Cook becomes executive chairman. Apple also met with Chinese officials, underscoring the importance of maintaining stable business and trade relations in its largest overseas market. Tim Cook Meets China’s Vice Premier Negative Sentiment: SpaceX’s planned Starlink mobile service could pressure wireless-carrier subsidies that support iPhone sales and eventually create a competing smartphone ecosystem. SpaceX’s Starlink Could Pose Risks to Apple Negative Sentiment: Reported supplier order reductions and rising memory costs are renewing concerns about iPhone 18 demand and margins. Google’s integration of wearable data with more than 160 lab tests also increases competition for Apple’s health-platform advantage. iPhone 18 Demand and Supplier Order Cuts Analyst Ratings Changes AAPL has been the topic of a number of research analyst reports. Morgan Stanley set a $355.00 price objective on shares of Apple and gave the company an “overweight” rating in a research note on Thursday, October 1st. Citigroup reissued a “buy” rating on shares of Apple in a report on Thursday, September 10th. Seaport Research Partners downgraded Apple from a “buy” rating to a “neutral” rating in a research report on Monday, August 17th. China Renaissance downgraded Apple from a “buy” rating to a “hold” rating and cut their target price for the stock from $329.00 to $280.00 in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $340.39. Check Out Our Latest Analysis on AAPL

Apple Stock Performance NASDAQ:AAPL opened at $340.97 on Tuesday. The company has a 50-day moving average of $323.36 and a 200-day moving average of $303.99. The firm has a market cap of $4.98 trillion, a price-to-earnings ratio of 39.10, a price-to-earnings-growth ratio of 2.68 and a beta of 1.07. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $345.34.

Apple (NASDAQ:AAPL – Get Free Report) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same period in the previous year, the firm earned $1.57 EPS. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. Analysts forecast that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple’s dividend payout ratio (DPR) is presently 12.39%.

Insider Buying and Selling at Apple In other Apple news, CEO John Ternus sold 25,412 shares of the company’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.94, for a total value of $8,460,671.28. Following the transaction, the chief executive officer owned 59,567 shares of the company’s stock, valued at approximately $19,832,236.98. This represents a 29.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $332.01, for a total value of $796,491.99. Following the sale, the senior vice president owned 39,593 shares of the company’s stock, valued at $13,145,271.93. This trade represents a 5.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 279,383 shares of company stock valued at $92,912,517. 0.06% of the stock is currently owned by corporate insiders.

About Apple (Free Report)

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple’s services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

Featured Stories Five stocks we like better than Apple Salesforce Just Got a Rare Double Upgrade—What Changed? OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit 3 REITs That May Win in a Higher Interest Rate Environment Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).

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Puzo Michael J bought a new position in Microsoft Corporation (NASDAQ:MSFT – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 38,446 shares of the software giant’s stock, valued at approximately $14,341,000. Microsoft comprises approximately 3.7% of Puzo Michael J’s investment portfolio, making the stock its 8th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of MSFT. Frankly Finances LLC purchased a new position in Microsoft during the second quarter valued at $35,000. Fiduciary Advisors Inc. boosted its position in shares of Microsoft by 37.4% during the second quarter. Fiduciary Advisors Inc. now owns 125 shares of the software giant’s stock worth $47,000 after acquiring an additional 34 shares during the last quarter. Persistent Asset Partners Ltd purchased a new position in shares of Microsoft during the second quarter valued at about $60,000. Glynn Capital Management LLC grew its holdings in Microsoft by 34.2% during the 2nd quarter. Glynn Capital Management LLC now owns 255 shares of the software giant’s stock valued at $95,000 after buying an additional 65 shares in the last quarter. Finally, Lifetime Wealth Management P.C. purchased a new position in shares of Microsoft in the fourth quarter valued at $101,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft In related news, CEO Judson Althoff sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $487.89, for a total transaction of $4,878,900.00. Following the sale, the chief executive officer directly owned 100,447 shares in the company, valued at approximately $49,007,086.83. This represents a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Amy Hood sold 41,674 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $498.27, for a total transaction of $20,764,903.98. Following the completion of the sale, the executive vice president directly owned 533,624 shares in the company, valued at approximately $265,888,830.48. This trade represents a 7.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 143,009 shares of company stock valued at $71,420,699 over the last three months. 0.03% of the stock is currently owned by company insiders.

Trending Headlines about Microsoft Here are the key news stories impacting Microsoft this week: Positive Sentiment: Maia 300 AI chip is the key catalyst. Microsoft unveiled its third-generation Maia 300 processor and plans to begin production deployments in 2027, eventually scaling the platform to multiple gigawatts and potentially as many as one million chips. The company says Maia 300 can deliver approximately 40% more AI-generated tokens per megawatt or dollar than leading GPU-based systems, which could lower Azure costs and improve margins. Microsoft reveals Maia 300 AI chip Positive Sentiment: Greater control over AI supply and economics. Microsoft intends to make Maia a primary architecture for AI inference while continuing to use chips from Nvidia, AMD and Intel. Investors viewed the strategy as a way to reduce dependence on expensive, supply-constrained Nvidia hardware and strengthen Azure’s competitive position. Microsoft to rely more on homegrown AI chips Positive Sentiment: Underlying growth remains strong. Recent coverage points to Azure growth guidance of 44%–45%, rising Copilot adoption, a record backlog and more than $50 billion in quarterly capital spending to meet AI demand. These trends reinforce the bullish long-term case, although the October 28 earnings report will test whether growth remains above investor expectations. Neutral Sentiment: AI safety and infrastructure constraints remain in focus. CEO Satya Nadella and President Brad Smith called for stronger safeguards, emergency controls and clearer AI regulation. Separately, industry leaders highlighted electricity and cooling capacity as potential limits on AI expansion. These issues may increase compliance and infrastructure costs but could also benefit Microsoft’s enterprise-focused approach. Negative Sentiment: Regulatory and legal risks increased. The U.S. suspended Microsoft from the PERM green-card program amid scrutiny of its H-1B hiring practices, potentially complicating access to technical talent. Norway also fined Microsoft subsidiary Xandr approximately €8.6 million for sharing Grindr user data. Microsoft PERM suspension Negative Sentiment: Valuation and execution risks persist. Some analysts downgraded Microsoft amid concerns about elevated AI capital spending, high expectations and the need for Azure growth to remain above 40%. The departure of longtime science president Peter Lee is an additional, though relatively minor, leadership concern. Microsoft Price Performance Shares of NASDAQ MSFT opened at $541.15 on Tuesday. The firm has a market cap of $4.02 trillion, a PE ratio of 30.13, a PEG ratio of 1.72 and a beta of 1.10. The firm has a fifty day moving average of $502.22 and a 200 day moving average of $436.28. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.22 and a current ratio of 1.23. Microsoft Corporation has a one year low of $349.20 and a one year high of $553.72.

Microsoft (NASDAQ:MSFT – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The software giant reported $4.74 EPS for the quarter, beating the consensus estimate of $4.24 by $0.50. The firm had revenue of $90.01 billion during the quarter, compared to the consensus estimate of $87.62 billion. Microsoft had a return on equity of 31.98% and a net margin of 40.31%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.65 EPS. As a group, research analysts predict that Microsoft Corporation will post 19.65 EPS for the current fiscal year.

Microsoft Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be issued a $0.98 dividend. The ex-dividend date is Thursday, November 19th. This represents a $3.92 annualized dividend and a dividend yield of 0.7%. This is an increase from Microsoft’s previous quarterly dividend of $0.91. Microsoft’s dividend payout ratio (DPR) is currently 20.27%.

Wall Street Analysts Forecast Growth Several analysts recently weighed in on MSFT shares. KeyCorp restated an “overweight” rating on shares of Microsoft in a report on Thursday, September 3rd. William Blair began coverage on Microsoft in a research note on Monday, October 5th. They issued an “outperform” rating on the stock. Melius Research set a $665.00 price target on Microsoft and gave the company a “buy” rating in a research note on Monday, October 5th. TD Cowen reiterated a “buy” rating and issued a $540.00 target price on shares of Microsoft in a report on Thursday, July 30th. Finally, Benchmark reaffirmed a “buy” rating on shares of Microsoft in a research report on Friday, July 24th. Forty-two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $579.84.

View Our Latest Report on Microsoft

Microsoft Company Profile (Free Report)

Microsoft Corporation is a global technology company that develops software, cloud services, devices, gaming products and business solutions. Founded in 1975 by Bill Gates and Paul Allen, the company is best known for the Windows operating system and Microsoft Office productivity software. Microsoft is headquartered in Redmond, Washington, and serves consumers, businesses, governments and educational institutions worldwide.

Microsoft’s productivity and business offerings include Microsoft 365 applications such as Word, Excel, PowerPoint and Outlook, along with collaboration tools including Teams.

Read More Five stocks we like better than Microsoft Salesforce Just Got a Rare Double Upgrade—What Changed? OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit 3 REITs That May Win in a Higher Interest Rate Environment

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Trillium Asset Management LLC purchased a new stake in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 399,983 shares of the software giant’s stock, valued at approximately $149,203,000. Microsoft comprises 4.6% of Trillium Asset Management LLC’s portfolio, making the stock its 4th largest position.

Several other large investors have also recently made changes to their positions in MSFT. Auto Owners Insurance Co lifted its stake in Microsoft by 56,160.8% in the fourth quarter. Auto Owners Insurance Co now owns 60,116,384 shares of the software giant’s stock worth $29,073,486,000 after purchasing an additional 60,009,531 shares during the last quarter. Corient Private Wealth LLC boosted its position in Microsoft by 234.5% during the fourth quarter. Corient Private Wealth LLC now owns 17,822,280 shares of the software giant’s stock valued at $8,619,211,000 after buying an additional 12,493,786 shares during the period. Amundi grew its stake in shares of Microsoft by 30.8% during the first quarter. Amundi now owns 41,675,076 shares of the software giant’s stock valued at $15,426,862,000 after buying an additional 9,814,598 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Microsoft by 64.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 24,264,779 shares of the software giant’s stock worth $8,982,083,000 after buying an additional 9,493,778 shares during the period. Finally, Diamant Asset Management Inc. increased its stake in Microsoft by 38,442.1% in the 1st quarter. Diamant Asset Management Inc. now owns 6,810,388 shares of the software giant’s stock worth $2,521,001,000 after purchasing an additional 6,792,718 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity In related news, EVP Takeshi Numoto sold 4,810 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $496.48, for a total value of $2,388,068.80. Following the completion of the transaction, the executive vice president directly owned 42,677 shares in the company, valued at $21,188,276.96. The trade was a 10.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Satya Nadella sold 86,525 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $501.46, for a total value of $43,388,826.50. Following the completion of the transaction, the chief executive officer directly owned 486,763 shares in the company, valued at $244,092,173.98. This trade represents a 15.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 143,009 shares of company stock worth $71,420,699 over the last three months. 0.03% of the stock is currently owned by insiders.

Key Stories Impacting Microsoft Here are the key news stories impacting Microsoft this week: Positive Sentiment: Maia 300 AI chip is the key catalyst. Microsoft unveiled its third-generation Maia 300 processor and plans to begin production deployments in 2027, eventually scaling the platform to multiple gigawatts and potentially as many as one million chips. The company says Maia 300 can deliver approximately 40% more AI-generated tokens per megawatt or dollar than leading GPU-based systems, which could lower Azure costs and improve margins. Microsoft reveals Maia 300 AI chip Positive Sentiment: Greater control over AI supply and economics. Microsoft intends to make Maia a primary architecture for AI inference while continuing to use chips from Nvidia, AMD and Intel. Investors viewed the strategy as a way to reduce dependence on expensive, supply-constrained Nvidia hardware and strengthen Azure’s competitive position. Microsoft to rely more on homegrown AI chips Positive Sentiment: Underlying growth remains strong. Recent coverage points to Azure growth guidance of 44%–45%, rising Copilot adoption, a record backlog and more than $50 billion in quarterly capital spending to meet AI demand. These trends reinforce the bullish long-term case, although the October 28 earnings report will test whether growth remains above investor expectations. Neutral Sentiment: AI safety and infrastructure constraints remain in focus. CEO Satya Nadella and President Brad Smith called for stronger safeguards, emergency controls and clearer AI regulation. Separately, industry leaders highlighted electricity and cooling capacity as potential limits on AI expansion. These issues may increase compliance and infrastructure costs but could also benefit Microsoft’s enterprise-focused approach. Negative Sentiment: Regulatory and legal risks increased. The U.S. suspended Microsoft from the PERM green-card program amid scrutiny of its H-1B hiring practices, potentially complicating access to technical talent. Norway also fined Microsoft subsidiary Xandr approximately €8.6 million for sharing Grindr user data. Microsoft PERM suspension Negative Sentiment: Valuation and execution risks persist. Some analysts downgraded Microsoft amid concerns about elevated AI capital spending, high expectations and the need for Azure growth to remain above 40%. The departure of longtime science president Peter Lee is an additional, though relatively minor, leadership concern. Analysts Set New Price Targets A number of research firms have issued reports on MSFT. Weiss Ratings upgraded shares of Microsoft from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Melius Research set a $665.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research report on Monday, October 5th. Citigroup raised shares of Microsoft from a “market outperform” rating to a “buy” rating in a research note on Monday, October 5th. Oppenheimer boosted their price target on shares of Microsoft from $515.00 to $570.00 and gave the company an “outperform” rating in a research report on Tuesday, September 22nd. Finally, KeyCorp reissued an “overweight” rating on shares of Microsoft in a research note on Thursday, September 3rd. Forty-two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $579.84.

Check Out Our Latest Analysis on MSFT

Microsoft Price Performance MSFT opened at $541.15 on Tuesday. The firm has a market cap of $4.02 trillion, a PE ratio of 30.13, a P/E/G ratio of 1.72 and a beta of 1.10. The stock has a 50-day moving average price of $502.22 and a 200-day moving average price of $436.28. Microsoft Corporation has a 1 year low of $349.20 and a 1 year high of $553.72. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.23 and a quick ratio of 1.22.

Microsoft (NASDAQ:MSFT – Get Free Report) last issued its earnings results on Wednesday, July 29th. The software giant reported $4.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.50. The business had revenue of $90.01 billion during the quarter, compared to analysts’ expectations of $87.62 billion. Microsoft had a net margin of 40.31% and a return on equity of 31.98%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.65 earnings per share. Sell-side analysts predict that Microsoft Corporation will post 19.65 earnings per share for the current fiscal year.

Microsoft Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 0.7%. This is an increase from Microsoft’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Thursday, November 19th. Microsoft’s payout ratio is 20.27%.

Microsoft Company Profile (Free Report)

Microsoft Corporation is a global technology company that develops software, cloud services, devices, gaming products and business solutions. Founded in 1975 by Bill Gates and Paul Allen, the company is best known for the Windows operating system and Microsoft Office productivity software. Microsoft is headquartered in Redmond, Washington, and serves consumers, businesses, governments and educational institutions worldwide.

Microsoft’s productivity and business offerings include Microsoft 365 applications such as Word, Excel, PowerPoint and Outlook, along with collaboration tools including Teams.

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