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Hyperscalers need power, and a lot of it. Constellation Energy (CEG +2.11%) operates as one of the largest independent power producers and has been signing long-term deals with hyperscalers left and right as companies scramble to secure energy.

Over the past month, Constellation Energy secured two more long-term agreements, this time with Amazon (AMZN -3.63%) and Alphabet's (GOOG -12.79%)(GOOGL -12.87%) Google. The deals provide visibility into Constellation's future earnings while also helping fund power upgrades and expansions to meet future demand from data centers.

Here's what investors need to know about the deals and what they mean for Constellation Energy's stock over the next decade.

Image source: The Motley Fool.

Constellation Energy's long-term deals with Amazon and Google add power capacity
On Sept. 30, Constellation Energy inked a 20-year power purchase agreement (PPA) with Amazon for 690 megawatts (MW) of power. As part of this deal, Amazon will help fund a 190-MW uprate at Constellation's Maryland nuclear power plant, Calvert Cliffs Clean Energy Center, with new capacity coming online between 2030 and 2032.

A week later, on Oct. 6, Constellation locked in another 20-year PPA with Google that would help bring 890 MW of new nuclear capacity online in the PJM Interconnection region. This agreement locks in long-term revenue for Constellation while enabling it to invest in nuclear equipment across its plants in Illinois, Pennsylvania, and New Jersey.

Long-term agreements de-risk Constellation Energy's business model
As an independent power producer (IPP), Constellation Energy owns power-generation assets, including the largest nuclear power fleet in the U.S., natural gas plants, and other renewables. Unlike regulated utilities, Constellation doesn't own the power lines or transmission network. As an IPP, it isn't subject to regulatory-set prices and sells electricity into the market at prevailing rates.

$263.53+$5.45 (+2.11%)

NASDAQ · As of 3:09 PM ET 10/29/26

This business model lets Constellation capture upside from rising electricity demand, but it also exposes it to downside risks if demand wanes or significantly more energy capacity comes online. By signing long-term "take-or-pay" agreements with major hyperscalers, Constellation locks in revenue on a large chunk of its assets, providing revenue visibility and a floor for earnings.

Where will Constellation Energy be in 10 years?
Over the next decade, Constellation will focus on executing its projects: replacing turbines, adding nuclear capacity, extending nuclear plants, and bringing the Crane Clean Energy Center (formerly Three Mile Island Unit 1) online as part of its deal with Microsoft.

If Constellation can deliver nuclear uprates, expand capacity, and execute on its deals, it could see double-digit growth over the next decade and see the stock reach $700 per share as contracts translate into long-term earnings growth. If the company executes, investors could see it transform from a volatile merchant power producer into a trusted power supplier for data center operators.

Courtney Carlsen has positions in Alphabet, Constellation Energy, and Microsoft. The Motley Fool has positions in and recommends Alphabet, Amazon, Constellation Energy, and Microsoft. The Motley Fool has a disclosure policy.

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at Commvault Systems (CVLT - Free Report) , which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Commvault Systems currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for CVLT that show why this data-management software company shows promise as a solid momentum pick.

A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.

For CVLT, shares are up 13.59% over the past week while the Zacks Computer - Software industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 11.03% compares favorably with the industry's 4.44% performance as well.

Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Over the past quarter, shares of Commvault Systems have risen 25%, and are up 18.78% in the last year. In comparison, the S&P 500 has only moved 4.52% and 13.57%, respectively.

Investors should also pay attention to CVLT's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. CVLT is currently averaging 703,700 shares for the last 20 days.

Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with CVLT.

Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost CVLT's consensus estimate, increasing from $5.44 to $5.51 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.

Bottom LineTaking into account all of these elements, it should come as no surprise that CVLT is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Commvault Systems on your short list.

The Phase 3 Failure That Sent Biotech Winners and Losers in Opposite DirectionsAlnylam Pharmaceuticals NASDAQ: ALNY reported third-quarter 2026 global net product revenue of approximately $1.3 billion, up 52% from a year earlier and 10% sequentially, as growth in its transthyretin, or TTR, franchise continued to drive results.

Chief Executive Officer Yvonne Greenstreet said the company generated $1.15 billion in TTR revenue during the quarter, representing nearly 60% year-over-year growth. The franchise includes AMVUTTRA, which is used in patients with ATTR cardiomyopathy and ATTR polyneuropathy.

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Alnylam Stock Soars 65%: Find Out What’s Behind the GainsGreenstreet said Alnylam sees a substantial opportunity to expand treatment in ATTR cardiomyopathy, where the company estimates roughly 80% of prevalent patients remain untreated. However, she said the company was “not yet satisfied” with the pace of underlying demand growth for AMVUTTRA, despite growth in physician engagement following a sales-force expansion.

TTR Franchise Growth and Commercial Execution
Chief Commercialization Officer Tolga Tanguler said TTR product revenue rose 12% from the second quarter and 59% year over year. In the U.S., TTR revenue increased by approximately $100 million sequentially, including an $81 million increase in demand and a $17 million benefit from higher inventory in the distribution channel.

3 biotech powerhouses poised to thrive amid sector reboundTanguler said U.S. net pricing rose modestly from the prior quarter and benefited from approximately $10 million in one-time gross-to-net adjustments. Outside the U.S., TTR revenue grew 10% sequentially and 28% from the prior-year period, driven primarily by ATTR cardiomyopathy uptake in Japan and Germany, partly offset by launch price reductions.

AMVUTTRA accounted for approximately 24% of total TTR-category prescriptions, including cardiomyopathy and polyneuropathy, through the end of the third quarter, Tanguler said. The company reported that more than 2,000 new unique prescribers have written prescriptions for AMVUTTRA since its U.S. ATTR cardiomyopathy launch, though only about one-third of active category prescribers have used the medicine.

Management said expanded customer-facing teams have increased healthcare-provider engagement, but those interactions have not yet translated into faster patient starts. Greenstreet said newer prescribers may have fewer cardiomyopathy patients, less familiarity with the disease and more established prescribing habits. Tanguler also cited perceived administrative barriers, including buy-and-bill processes, prior authorizations and patient coordination.

Alnylam said AMVUTTRA has access for approximately 99% of covered lives, with about 90% of patients able to receive treatment within roughly 10 miles of where they live.

340B Rule and Payer Changes
The company is monitoring a proposed Centers for Medicare & Medicaid Services rule that, if finalized as proposed, would reduce Medicare reimbursement for Part B medicines acquired through the 340B drug discount program. The final rule was expected imminently during the call and, if implemented, would take effect Jan. 1, 2027, according to Tanguler.

Chief Financial Officer Jeff Poulton said 340B represents a meaningful portion of Alnylam’s business, though he did not quantify the exposure. He said the company could contract with health systems to support economically viable access or use alternative sites of care, including third-party infusion clinics and home treatment.

Poulton said the ultimate effect could include changes to gross-to-net deductions, net price and volume depending on how health systems respond. He said health systems could continue using 340B purchasing, shift to wholesale acquisition cost purchasing, or move patients to outside sites of care.

Separately, UnitedHealth implemented a more restrictive first-line AMVUTTRA policy for its Medicare Advantage business on Oct. 1. Alnylam said the policy is not expected to affect existing patients, though it could delay access for some new patients. The company noted an exception process remains available for appropriate first-line use.

Pipeline Updates and Financial Outlook
Alnylam expanded enrollment in its Phase III TRITON-CM study of investigational TTR silencer nucresiran by 500 patients, bringing planned enrollment to about 2,250 patients. Chief Research and Development Officer Pushkal Garg said the additional enrollment is intended to preserve study power amid lower expected event rates as patients are diagnosed earlier and receive more background therapies.

The company said it does not expect the enrollment expansion to change its anticipated ATTR cardiomyopathy launch timing of approximately 2030, subject to positive data and regulatory approval.

Garg also highlighted interim Phase I results for brezosiran in Huntington’s disease. After a single dose, the company observed mean maximum reductions in cerebrospinal-fluid mutant huntingtin of 60% to 64% across two assays, with individual reductions of up to 83%. Alnylam said no dose-dependent safety signals were observed across the five cohorts included in the analysis.

Pending regulatory alignment, Alnylam plans to initiate a large placebo-controlled pivotal study of brezosiran in 2027. The company also expects to report Phase I healthy-volunteer data for ALN-6400 in bleeding disorders at the American Society of Hematology meeting in December, followed by Phase II hereditary hemorrhagic telangiectasia data for ALN-6400 and Phase I obesity data for ALN-2232 during its fourth-quarter and full-year results call in February.

For 2026, Alnylam reiterated its guidance and said it expects TTR product sales to finish at the low end of its $4.2 billion to $4.5 billion range. Poulton said the outlook assumes no material fourth-quarter contribution from the expanded field force and reflects potential ordering volatility related to the pending 340B rule as well as the UnitedHealth policy change.

The company said it will not provide 2027 product revenue guidance at the JPMorgan conference in January, as it has in prior years. Instead, it plans to provide that outlook with fourth-quarter and full-year 2026 results in mid-February after gaining more clarity on health-system behavior under any finalized 340B framework.

About Alnylam Pharmaceuticals (NASDAQ:ALNY)Alnylam Pharmaceuticals, Inc is a biopharmaceutical company focused on developing and commercializing medicines based on RNA interference (RNAi). The company's therapies are designed to silence specific genes involved in disease, with the goal of addressing the underlying causes of genetic and other serious conditions.

Alnylam's marketed products include ONPATTRO (patisiran) and AMVUTTRA (vutrisiran) for hereditary transthyretin-mediated amyloidosis, GIVLAARI (givosiran) for acute hepatic porphyria, and OXLUMO (lumasiran) for primary hyperoxaluria type 1.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Alnylam Pharmaceuticals Right Now?Before you consider Alnylam Pharmaceuticals, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alnylam Pharmaceuticals wasn't on the list.

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Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.

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Ameriprise Financial, Inc. (AMP) Q3 2026 Earnings Call October 29, 2026 9:00 AM EDT

Company Participants

Stephanie Rabe - Head of Investor Relations
Jim Cracchiolo - Chairman & CEO
Walter Berman - Executive VP, CFO & Chief Risk Officer

Conference Call Participants

Suneet Kamath - Jefferies LLC, Research Division
Brennan Hawken - BMO Capital Markets Equity Research
Christopher O'Brien
Thomas Gallagher - Evercore ISI Institutional Equities, Research Division
Karim Assef
Wilma Jackson Burdis - Raymond James & Associates, Inc., Research Division
Kenneth Lee - RBC Capital Markets, Research Division

Presentation

Operator

Welcome to the Q3 2026 Earnings Call. My name is Connor, and I will be your operator for today's call. [Operator Instructions] As a reminder, this conference is being recorded.

I will now turn the call over to Stephanie Rabe. Stephanie, you may begin.

Stephanie Rabe
Head of Investor Relations

Welcome to Ameriprise Financial's Third Quarter Earnings Call. On the call with me today are Jim Cracchiolo, Chairman and CEO; and Walter Berman, Chief Financial Officer. Following their remarks, we'd be happy to take your questions.

Turning to our earnings presentation materials that are available on our website. On Slide 2, you'll see a discussion of forward-looking statements. Specifically, during the call, you'll hear references to various non-GAAP financial measures, which we believe provide insight into the company's operations. Reconciliation of non-GAAP numbers to their respective GAAP numbers can be found in today's materials and on our website at ir.ameriprise.com.

Some statements that we make on this call may be forward-looking, reflecting management's expectations about future events and overall operating plans and performance. These forward-looking statements speak only as of today's date and involve a number of risks and uncertainties. A sample list of factors and risks that could cause actual results to be materially different from forward-looking statements can be found in our third quarter 2026 earnings

Longtime Rockford Fosgate leader to oversee marketing strategy, strengthen industry partnerships, and drive continued brand growth.

, /PRNewswire/ -- Rockford Fosgate®, the industry leader in high-performance audio systems, is proud to announce the promotion of Tammy Lowe to Vice President of Marketing, effective immediately.

ROCKFORD FOSGATE® PROMOTES TAMMY LOWE TO
VICE PRESIDENT OF MARKETING.

With nearly 39 years of experience at Rockford Fosgate, Tammy Lowe brings an exceptional understanding of the brand, its customers, and the relationships that have helped shape the company's success. Throughout her tenure, she has played an important role in strengthening Rockford Fosgate's presence in the industry, building lasting partnerships, and supporting the continued growth of the brand.

In her expanded role, Lowe will lead the company's overall marketing strategy across aftermarket, OEM, and direct-to-consumer channels. Her responsibilities will include strategic marketing initiatives, go-to-market planning, customer engagement, and the development of programs designed to strengthen dealer and distributor relationships, increase market presence, and support long-term business growth.

"Tammy's dedication, industry knowledge, and longstanding relationships have been instrumental to Rockford Fosgate's success," said Zach Luke, President. "She understands our brand, our partners, and our customers at a level that comes from decades of experience. As we continue to expand our business and pursue new opportunities, Tammy's leadership will be essential in shaping our marketing strategies and driving the next phase of growth."

As Vice President of Marketing, Lowe will continue to work closely with the company's sales, product, and leadership teams to align marketing strategies with business objectives. A key focus will be strengthening relationships throughout Rockford Fosgate's networks, enhancing customer engagement, and ensuring marketing initiatives support the needs of the company's partners across all channels.

"Rockford Fosgate has been a significant part of my life, and I'm incredibly proud to be part of a brand with such a strong heritage and passionate community," said Tammy Lowe, Vice President of Marketing. "Our success has always been built on great products, great people, and strong relationships. I'm excited for the opportunity to continue building those relationships, expanding our reach, and developing marketing strategies that position Rockford Fosgate for continued success."

Lowe's promotion reflects Rockford Fosgate's commitment to investing in experienced leadership and strengthening its marketing efforts as the company continues to grow. Her extensive industry experience, established relationships, and passion for the brand will help guide Rockford Fosgate's marketing direction and reinforce its position as a leader in mobile, marine, motorsports, motorcycle and OEM audio.

About Rockford Fosgate
Setting the standard for excellence in the audio industry, Rockford Corporation markets high-performance audio systems under the brand Rockford Fosgate® for the mobile, marine, motorsport, and motorcycle audio aftermarket and OEM market. Headquartered in Tempe, Ariz., Rockford Corporation is a wholly owned subsidiary of Patrick Industries, Inc. (NASDAQ: PATK). 

SOURCE Rockford Fosgate

Tyler Technologies, Inc. (TYL) Q3 2026 Earnings Call October 29, 2026 8:30 AM EDT

Company Participants

Hala Elsherbini - Senior Director of Investor Relations
H. Moore - CEO, President & Executive Chairman
Brian Miller - Executive VP & CFO
S. Williams - Chief Artificial Intelligence Officer

Conference Call Participants

Matthew VanVliet - Cantor Fitzgerald & Co., Research Division
Terrell Tillman - Truist Securities, Inc., Research Division
Tamjid Md Moinuddin Chowdhury - Guggenheim Securities, LLC, Research Division
Saket Kalia - Barclays Bank PLC, Research Division
Hoi-Fung Wong - Oppenheimer & Co. Inc., Research Division
S. Kirk Materne - Evercore ISI Institutional Equities, Research Division
J. Lane - Stifel, Nicolaus & Company, Incorporated, Research Division
Aleksandr Zukin - Wolfe Research, LLC
Allan M. Verkhovski - BTIG, LLC, Research Division
Robert Oliver - Robert W. Baird & Co. Incorporated, Research Division
Joshua Reilly - Needham & Company, LLC, Research Division
Andrew Sherman - TD Cowen, Research Division
Alexei Gogolev - JPMorgan Chase & Co, Research Division
Trevor Walsh - Citizens JMP Securities, LLC, Research Division
Camden Levy - Wells Fargo Securities, LLC, Research Division
Sownthar Periathambi - D.A. Davidson & Co., Research Division
Mark Schappel - Loop Capital Markets LLC, Research Division
William Fitzsimmons - Piper Sandler & Co., Research Division

Presentation

Operator

Hello, and welcome to Tyler Technologies Third Quarter 2026 Conference Call. Your host for today's call is Lynn Moore, Executive Chair, President and CEO of Tyler Technologies. [Operator Instructions] And as a reminder, this conference is being recorded today, October 29, 2026.

I would like to turn the call over to Hala Elsherbini, Tyler's Senior Director of Investor Relations. Please go ahead.

Hala Elsherbini
Senior Director of Investor Relations

Thank you, and welcome to our call. With me today is Lynn Moore, Executive Chair, President and CEO; and Brian Miller, our CFO. Also joining us today on today's call is Chief AI Officer, Franklin Williams.

Franklin will participate

Allegro MicroSystems, Inc. (ALGM) Q2 2027 Earnings Call October 29, 2026 8:30 AM EDT

Company Participants

Jalene Hoover - Vice President of IR & Corporate Communications
Michael Doogue - President, CEO & Director
Derek D'Antilio - Executive VP, CFO & Treasurer

Conference Call Participants

Joseph Quatrochi - Wells Fargo Securities, LLC, Research Division
Thomas O'Malley - Barclays Bank PLC, Research Division
Christopher Caso - Wolfe Research, LLC
Blayne Curtis - Jefferies LLC, Research Division
Gary Mobley - StoneX Group Inc.
Quinn Bolton - Needham & Company, LLC, Research Division
Vijay Rakesh - Mizuho Securities USA LLC, Research Division
Liam Pharr - BofA Securities, Research Division
Srinivas Pajjuri - RBC Capital Markets, Research Division
Joshua Buchalter - TD Cowen, Research Division

Presentation

Operator

Good morning, and welcome to the Allegro MicroSystems Second Quarter Fiscal Year 2027 Earnings Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to Jalene Hoover, Vice President of Investor Relations and Corporate Communications.

Jalene Hoover
Vice President of IR & Corporate Communications

Thank you, Victor. Good morning, and thank you for joining us today to discuss Allegro's Second Quarter Fiscal Year 2027 results. I'm joined today by Allegro's President and Chief Executive Officer, Mike Doogue; and Allegro's Chief Financial Officer, Derek D'Antilio. They will provide highlights of our business, review our second quarter 2027 financial results and share our third quarter outlook. We will follow our prepared remarks with a Q&A session.

Today's call includes remarks about future expectations, plans and prospects, which are forward-looking statements. Such statements are based on current expectations and assumptions as of today's date and are subject to risks and uncertainties that could cause actual results and events to differ materially from those anticipated or projected on today's call. The company assumes no obligation to update these statements, except as required by law. For a

PT Bank Negara Indonesia (Persero) Tbk (PTBRY) Q3 2026 Earnings Call October 26, 2026 9:00 PM EDT

Company Participants

Sigit Pebrianto - Investor & Capital Market Communication Manager
Putrama Setyawan - President Director
Paolo Kartadjoemena - Finance & Strategy Director and Director
David Pirzada - Risk Management Director & Director

Presentation

Sigit Pebrianto
Investor & Capital Market Communication Manager

Good morning, everyone, and welcome to BNI's Third Quarter of 2026 Earnings Call. My name is Sigit from BNI's Investor Relations, and I will be your host today. Thank you for your attendance. First, I would like to introduce our Board of Directors who are here with us. First, we have Bapak Putrama Wahju Setyawan, President Director; Ibu Alexandra Askandar, Deputy President Director; Bapak Paolo Kartadjoemena, Finance and Strategy Director; Bapak David Pirzada, Risk Management Director. We also have other members of BNI's Board of Directors and senior management as well. Today's presentation, we will highlight our earnings resilience supported by our record high PPOP, our strategic business expansion and continued improvements in underwriting.

We want to discuss our strengthening CASA franchise and solid capital position, which support our ability to navigate the ongoing market volatility. We will begin the call with a presentation from our BOD, and then we are going to have a Q&A session. Please feel free to submit your questions in the Q&A box on your Zoom apps. And without further ado, it is my pleasure to invite our President and Director, Bapak Putrama Wahju Setyawan, to begin the presentation. Bapak Putrama, the floor is yours.

Putrama Setyawan
President Director

Thank you, Sigit. Good morning, everyone. Thank you for joining us today. I want to start with our overall performance for the first 9 of '26. We know the environment is very dynamic and challenging for all banks, but I'm grateful to share that we have delivered a

Investors can't forget about Trump's IEEPA tariffs. They continue to impact results—this time through refunds.

Following more than $40 million in TVL in the first four weeks, all seven Ondo Intelligent Portfolios are now available to eligible investors through Solana wallets and apps.

, /PRNewswire/ -- Ondo Intelligent Portfolios, professionally curated investment portfolios delivered as single onchain tokens, are now live on Solana. All seven portfolios are now available to eligible investors (outside the U.S.) through leading Solana wallets and apps.

Ondo Intelligent Portfolios democratize access to professionally curated investment strategies, delivering them onchain to nearly any eligible investor with an internet connection and a wallet. Since launch, the portfolios have surpassed $40M in total value locked (TVL) on Ethereum and BNB Chain combined, making them among the largest tokenized portfolio products onchain. With this expansion to Solana, Ondo Intelligent Portfolios now arrive on a network where Ondo already has more than $500M in TVL across tokenized assets.

Seven portfolios are live today, spanning income, growth, and thematic exposure, with more planned:

BLKHIon: Ondo High Income Powered by BlackRockBLKGRWon: Ondo High Growth Powered by BlackRockBLKDIGon: Ondo Diversified Growth Powered by BlackRockMAG7Xon: Ondo Magnificent 7 and Crypto PortfolioBRAINon: Ondo AI Leaders PortfolioYLD5on: Ondo 5 Targeted Income TR PortfolioYLD8on: Ondo 8 Targeted Income TR PortfolioThree of the seven are based on portfolio strategies developed by BlackRock, the world's largest asset manager, for use by Ondo. The remaining four are Ondo-designed onchain portfolios built around some of the market's most closely watched themes, from big tech and artificial intelligence to targeted income.

Tokenized stocks are taking off on Solana 

Solana has become one of the most important venues for tokenized equities, with 1.6M+ addresses holding tokenized stocks. Investors are trading tokenized stocks and ETFs around the clock on Solana, at low cost, and inside the same wallets and apps they already use for the rest of their onchain activity.

Ondo is among the largest issuers of tokenized real-world assets on the network, with more than $500 million in TVL on Solana, and Ondo Stocks already give investors on Solana access to hundreds of tokenized U.S. stocks and ETFs.

How it works: one token, one portfolio

Each Ondo Intelligent Portfolio combines multiple assets into a single onchain token. Every holding is visible, and the portfolio is rebalanced programmatically so investors don't have to manage a basket of underlying positions manually. The result is diversified exposure in one token that investors can hold in their wallets and transfer like any other tokenized asset.

Why it matters: institutional-grade investing, open to more investors

Diversified portfolios built by professional allocators have long been offered mainly to institutions and investors with private wealth managers. Everyone else has had to assemble a portfolio piece by piece across separate accounts and assets.

Ondo Intelligent Portfolios change that. On Solana, any eligible investor with a wallet can now hold the same kind of professionally designed allocation through the apps they already use. They get diversified exposure, full visibility into every holding, and rebalancing they never have to manage.

"Ondo Intelligent Portfolios were built to put professionally curated investment strategies within reach of any eligible investor with a wallet, and seven live portfolios with more than $40 million in TVL in four weeks tell us that's exactly what investors want," said John Hoffman, Managing Director and Head of Portfolios at Ondo Finance. "Expanding to Solana puts that access in front of one of the most active onchain user bases, inside the apps they already trade on every day, and makes every portfolio composable across the Solana ecosystem. This is a foundation we'll keep building on, with more portfolios to come."

"Tokenized assets are one of the fastest-growing categories on Solana, and the demand we're seeing for tokenized stocks shows investors want real-world exposure onchain," said Nick Ducoff, GM, Institutional, Solana Foundation. "With Ondo Intelligent Portfolios, investors can move beyond single assets and hold a complete portfolio in one token. That's the next chapter of tokenization, and it's happening on Solana."

Ondo intends to continue expanding the lineup with additional onchain portfolios over time. To explore the seven live portfolios and learn more, visit app.ondo.finance.

About Ondo Finance

Ondo Finance is a blockchain-based platform focused on tokenizing real-world assets and bringing institutional-quality financial products onchain. By bridging traditional finance and decentralized infrastructure, Ondo aims to make capital markets more accessible, transparent, and efficient.

About Ondo Stocks
Ondo Stocks (previously known as Global Markets) is an issuance and redemption platform for tokenized publicly traded U.S. stocks and ETFs. It enables eligible investors outside the United States to gain economic exposure to these assets by minting, transferring, and redeeming securities-backed tokens. Each token is fully backed by the corresponding stock or ETF (together with cash in transit).

About BlackRock
BlackRock's purpose is to help more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

Disclaimers

[*] The tokenized assets referenced herein (i.e. (i) the tokenized stocks, tokenized ETFs and tokenized ADRs now known as Ondo Stocks, and formerly known as Ondo tokenized stocks and ETFs, or as Ondo Global Markets tokens, (collectively, the "Ondo Stocks") and (ii) USDY tokens (collectively, the "Tokens") have not been registered under the US Securities Act of 1933, as amended (the "Act") or the securities or financial instrument laws of any other jurisdiction. The Tokens may not be offered or sold in the United States or to US persons unless registered under the Act or an exemption from the registration requirements thereof is available. In certain jurisdictions, including the United Kingdom, Switzerland and Singapore, the Ondo Stocks and USDY tokens are offered and sold only to qualified investors or professional clients, as the case may be (or that jurisdiction's analogue thereof). Other jurisdiction-based prohibitions and restrictions apply. The issuer of the Tokens is not registered as an investment company under the US Investment Company Act of 1940, as amended, or as an Alternative Investment Fund or Undertaking for Collective Investment in Transferable Securities in the EEA, or under the securities or financial instrument laws of any other jurisdiction.

Ondo Stocks provide their holders with economic exposure to the value of their underlying assets, including the value of dividends (less applicable tax withholdings). However, Ondo Stocks are not themselves stocks, ETFs or ADRs and the Ondo Stocks do not provide their holders with rights to hold or receive their respective underlying assets. Similarly, USDY tokens provide their holders with economic exposure to short-term US treasuries, but USDY tokens are not themselves US treasuries and do not provide their holders with rights to hold or receive any US treasuries.

In the EEA/EU, a base prospectus relating to the Tokens has been approved by the Financial Market Authority Liechtenstein (FMA) and notified, at the issuer's request, to certain EEA Member States (the "Relevant EEA States"), making many Ondo Stocks available to both professional and retail investors, though certain Ondo Stocks are only available to professional investors in the EEA/EU. The prospectus is published at app.ondo.finance at each applicable Token's webpage. The approval of the prospectus should not be understood as an endorsement of the Tokens. Investors residing in the EU/EEA should read the prospectus, and the relevant final terms and KID for each applicable Token, before investing in order to fully understand the potential risks and rewards associated with the decision to invest. This notice is a marketing communication and does not constitute a prospectus.

Certain Ondo Stocks (referred to in the UAE as "Digital Securities") have been admitted to trading on Nest Exchange Limited, a Multilateral Trading Facility for Digital Assets operated by Binance in the Abu Dhabi Global Market ("ADGM"), authorised by the Financial Services Regulatory Authority (the "FSRA"). Such Digital Securities are available for trading by those investors eligible for a Binance account. The ADGM FSRA has no responsibility for reviewing or verifying any documents in connection with the admission to trading of such Digital Securities in the ADGM. The FSRA has not approved the documents in connection with the admission to trading nor taken steps to verify the information set out in it and has no responsibility for it. No offer of securities is being made in ADGM. Prospective purchasers of such Digital Securities admitted to trading should conduct their own due diligence on such Digital Securities.

In the United Kingdom, the communications herein may be deemed a financial promotion pursuant to Section 21 of the Financial Services and Markets Act 2000. To the extent that any such finding is made, the communications herein are only intended for, and directed at, investment professionals as defined in article 19 of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (the "FPO") who have experience of interacting with the Ondo Stocks and USDY tokens; high net worth companies as defined in article 49 of the FPO, and/or any other persons to whom lawful communication is permitted. Any person not falling within these categories is not permitted to act upon anything within the communications herein, and shall not be entitled to rely upon their contents. Ondo Global Markets (BVI) Limited will not enter into arrangements with such persons concerning Ondo Stocks and USDY tokens as a result of this or any other communication.

The Tokens are issued by Ondo Global Markets (BVI) Limited, a British Virgin Islands business company. OUSG tokens are issued by Ondo I LP, a Delaware (USA) limited partnership (the "Fund"). Ondo Finance Inc., a Delaware (USA) corporation, provides tokenization services to, and is an equity holder of, Ondo Global Markets (BVI) Limited.

The communications herein are only intended for eligible purchasers of, or for actual or potential business relationships or technical integrations with respect to the Tokens. Nothing herein constitutes any offer to sell, or any solicitation of an offer to buy, any Tokens. Nothing herein constitutes investment, legal, tax or financial advice. Acquiring the Tokens involves risks. A holder of the Tokens may incur losses, including total loss of their purchase price. Past performance is not an indication of future results. Investors are responsible for conducting their own research, investigation, verification, checks or consultation for professional or investment advice.

The communications herein may contain forward-looking statements, including, but not limited to, statements regarding future financial performance, business strategies, or expectations for the growth or development of Ondo Finance, Ondo Global Markets (BVI) Limited, or any of their respective affiliates (each, an "Applicable Entity"). These statements are based on management's current expectations, estimates, projections, and beliefs, and are subject to a number of risks, uncertainties, and assumptions that could cause actual results to differ materially from those anticipated. Forward-looking statements can be identified by the use of terminology such as "may," "will," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue," or the negative of these terms or other similar expressions. Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include, but are not limited to, the following: economic, competitive, legal, governmental, and technological factors affecting the operations, markets, products, services, or prices of any Applicable Entity. No Applicable Entity undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

The Token issuers, their affiliates, their respective shareholders and members, and their respective directors, officers, employees, consultants, agents and representatives (the "Ondo Persons") do not endorse, the Ondo Persons do not make any representation or warranty whatsoever (express or implied, including but not limited to any warranty of merchantability, fitness for a particular purpose, or non-infringement) regarding, and THE ONDO PERSONS SHALL NOT HAVE ANY LIABILITY WHATSOEVER WITH RESPECT TO ANYONE'S USE OF, any third-party products, services or technologies referenced herein.

Additional terms and restrictions apply. See docs.ondo.finance/legal/terms-of-service, docs.ondo.finance/ondo-stocks, ondo.finance/stocks, app.ondo.finance and (as applicable) the Token offering documents for details.

BlackRock Fund Advisors ("BlackRock") is not the investment adviser, sub-adviser, portfolio manager, manager, sponsor, promoter, underwriter, marketer or distributor of the Onchain Portfolios or the Tokens, and does not manage, and exercises no discretion over, the Onchain Portfolios. BlackRock's role is limited solely to providing one or more nondiscretionary model portfolio strategies ("Portfolio Strategies") to Ondo Global Markets (BVI) Limited ("Ondo") based on specifications provided by Ondo to BlackRock. BlackRock does not select, endorse, recommend, or make any investment decision with respect to any Onchain Portfolio or any assets held by any Onchain Portfolio, and any Onchain Portfolio may differ from the corresponding Portfolio Strategy for a variety of reasons. BlackRock shall have no obligation to provide updates to each Portfolio Strategy after the initial delivery of the Portfolio Strategy to Ondo except in certain limited circumstances. It is at Ondo's arrangement whether any related Onchain Portfolio is similarly updated. Therefore, the Onchain Portfolios may not incorporate changes in the market or other events nor update in line with the Portfolio Strategies. BlackRock has no investment advisory, investment management, fiduciary, client or other relationship with, and owes no responsibilities or duties to, any investor or prospective investor in the Tokens or the Onchain Portfolios. The Portfolio Strategies are not designed to be suitable for any specific investor and do not take into account the individual needs, objectives or risk tolerance of any investor or prospective investor. BlackRock has not prepared or approved this document or any other offering or marketing material, and is not responsible for the tokenization, issuance, distribution, custody, or operation of the Tokens or the Onchain Portfolios. BlackRock is not making any offer to sell nor soliciting any offer to buy any securities. An investment in the Tokens involves risk, including the possible loss of principal, and past performance is not indicative of future results.

Investors have no right, title, interest, or claim in or to any of the funds or securities underlying any Onchain Portfolio (the "Underlying Funds") or any recourse to any manager of the Underlying Funds, and such Underlying Funds are not being offered, marketed, or distributed to Investors by BlackRock or Ondo, whether directly or indirectly through the Tokens or the Onchain Portfolios. The Tokens constitute separate and distinct securities issued by Ondo and do not represent any interest in the Underlying Funds.

The Portfolio Strategies will include funds sponsored and managed by BlackRock and its affiliates, which will pay fees to BlackRock and its affiliates for providing management, administrative, or other services. Accordingly, BlackRock has a potential conflict of interest in connection with providing the Portfolio Strategies, as an investment in such funds by the Onchain Portfolio will increase compensation to BlackRock and its affiliates. BlackRock has an incentive to provide a Portfolio Strategy that contains funds that would result in increased levels of compensation being paid to BlackRock and its affiliates by such funds.

Additional information about BlackRock, including its Form ADV, is available from the U.S. Securities and Exchange Commission's Investment Adviser Public Disclosure website at https://adviserinfo.sec.gov.

SOURCE Ondo Finance

BCB Bancorp, Inc. NJ) (NASDAQ: BCBP said its third-quarter results reflected a broad effort to strengthen capital, reduce problem assets and reassess credit risk across its loan book, following actions that included more than $200 million in loan sales and additional fair-value marks.

President and Chief Executive Officer Thomas O'Brien said the quarter was “momentous” for the company and that management had completed the objectives outlined when he joined the bank on June 1. He said reported earnings included unusually large figures associated with the company’s previously disclosed strategic actions, capital issuance and loan sales.

Get BCB Bancorp, Inc. (NJ) alerts:

Margin, Capital and Asset Quality The company reported net interest margin of 3.03%, exceeding its previously discussed range of 2.90% to 3.00%, according to O'Brien. The margin performance came despite reversals of roughly $1 million in interest receivable accruals, while deposit costs continued to decline.

BCB sold mostly criticized and classified loans totaling more than $200 million during the quarter and wrote down another $100 million of loans to fair market value, O'Brien said. The measures were intended to address loan-quality issues that had affected the bank in recent periods.

At the start of the fourth quarter, BCB had an allowance for credit losses of $70 million, representing more than 3% of loans, and nonperforming loans of approximately $22 million, O'Brien said. Chief Financial Officer and Treasurer Jawad Chaudhry said classified loans declined 70%, to $46 million from $160 million, while reserve coverage on classified loans rose to 150% from 28%.

Management also conducted a loan-by-loan review of credits above roughly $1 million in advance of its capital raise. The review resulted in $77 million of loans previously rated pass being downgraded to special mention or substandard. O'Brien said the company marked nearly $100 million of loans to market and believes its review process identified and accounted for residual credit risk.

“It is a risk business, so I can never say never,” O'Brien said in response to a question on additional credit losses. “But I do not know what else we could have done to identify and price the credits that we have concern of potential loss in.”

Cannabis Portfolio and Other Lending Updates BCB continues to expect a sale of its remaining cannabis loan and deposit portfolio during the fourth quarter. O'Brien said the cannabis loans had been marked to market as of Sept. 30 and were performing. He estimated the portfolio includes approximately $70 million in loans and $70 million to $80 million in deposits.

O'Brien said the company was “pretty far along” in the sale process and that no developments had emerged that would halt the transaction.

Chaudhry said criticized loans totaled $153 million at the end of the third quarter, down from $207 million in the second quarter. He also provided an update on the Business Express loan portfolio, which had a balance of about $65 million. The portfolio generated close to $1 million of losses during the third quarter, compared with an average of $3.7 million in quarterly losses through the middle of the prior year, according to Chaudhry.

Reserve coverage for the Business Express portfolio increased to nearly 18% from approximately 15% in the second quarter, Chaudhry said.

Deferred Tax Asset and Expenses The company recorded a 100% valuation allowance against its deferred tax asset, totaling $60 million, following restructuring actions and prior-year losses. O'Brien said the allowance could be reversed when management determines that future profitability over several quarters supports such a change.

In response to a question about timing, O'Brien described the accounting treatment as “binary” and said the company might first reconsider the valuation allowance by the end of 2027, assuming both the quantity and quality of earnings over the next five quarters support that conclusion.

Management expects elevated professional and legal expenses to continue in the fourth quarter as it completes remaining strategic initiatives, including the cannabis transaction, the cleanup of loans held for sale and a planned reincorporation in Delaware expected in mid-November.

Chaudhry estimated that approximately $2.5 million to $3 million of third-quarter expenses were elevated due to transactions completed during the period. He said a good portion of those costs should decline in the fourth quarter, though management did not provide a precise estimate and expects to offer fuller expense guidance when it reports fourth-quarter results.

Outlook O'Brien said two larger problem loans were paid in full during the quarter and management expects additional individual problem loans to be resolved favorably in the fourth quarter. He said the company’s capital raise was successful and that the stronger capital position was preferable to alternatives that could have been more damaging to shareholders.

The CEO said BCB has strengthened its executive ranks and added two directors with public-company experience. Looking ahead, he said management expects the work completed to improve the company’s outlook, while acknowledging that the business remains exposed to normal credit risk.

“The diligence in the process and the carefulness that we exercise in terms of assigning risk and potential for loss, I think, is going to give us the protection that we all expect and demand from the bank,” O'Brien said.

About BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP)BCB Bancorp, Inc is the bank holding company for BCB Community Bank, a full-service community bank headquartered in Bayonne, New Jersey. The bank provides deposit products, residential and commercial real estate lending, commercial and industrial loans, consumer loans, and other banking services to individuals, families, businesses, and nonprofit organizations.

BCB Community Bank serves customers through a branch network and digital banking channels in communities across New Jersey and parts of New York.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in BCB Bancorp, Inc. (NJ) Right Now?Before you consider BCB Bancorp, Inc. (NJ), you'll want to hear this.

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Key Takeaways Rigetti's analyst price targets imply 137.5% upside versus 99.6% for IonQ, despite its smaller revenue base.IonQ's Q2 revenues surged 287% to $80.1M, backed by system deployments and $485M in remaining obligations.Rigetti's 185% revenue growth, $541.3M cash position and 1,000-qubit roadmap face execution challenges.
The quantum computing race is increasingly becoming a contest between technological ambition and commercial execution. As companies push to build more powerful quantum systems, investors are looking for evidence that these breakthroughs can translate into scalable products, stronger customer demand and sustainable revenue growth.

That contrast was evident in the latest earnings updates from Rigetti Computing (RGTI - Free Report) and IonQ (IONQ - Free Report) , which are pursuing distinct paths to quantum computing leadership. Rigetti is advancing its superconducting, chiplet-based architecture, with continued improvements to its 108-qubit Cepheus-1 system and a roadmap targeting approximately 1,000 qubits over the next three years. IonQ, meanwhile, is accelerating its shift toward semiconductor-based quantum systems using electronic qubit control, while expanding its footprint across quantum computing, networking, sensing and cybersecurity following its acquisition of SkyWater Technology.

The financial gap between the two companies remains substantial. Rigetti reported second-quarter 2026 revenues of $5.1 million, up 185% year over year, primarily driven by on-premises quantum processing unit sales. IonQ generated $80.1 million in revenues, surging 287% year over year and beating its own expectations by 20%, supported by growing quantum computer deployments and broader platform demand. While Rigetti highlighted a potential $100 million U.S. Department of Commerce funding opportunity, IonQ raised its full-year revenue outlook to $280-$290 million and reported $485 million in remaining performance obligations.

With both companies investing heavily to advance their respective technologies, the key question is which has the stronger combination of commercial traction, technological progress and financial resources to support its next phase of growth.

Let's take a closer look at how RGTI and IONQ stack up.

Image Source: Zacks Investment Research

Rigetti's Growth CatalystsRigetti's second-quarter performance highlighted improving commercial traction, with revenues surging 185% year over year to $5.1 million, primarily driven by on-premises Novera quantum processing unit sales, while gross margin expanded to 43% from 31% a year ago. The company continues to advance its 108-qubit Cepheus-1 system and chiplet-based architecture, targeting approximately 1,000 qubits in about three years.

Growth opportunities are also supported by an expanded collaboration with Hewlett Packard Enterprise and the Pittsburgh Supercomputing Center to develop hybrid quantum-classical computing capabilities, along with a letter of intent with the U.S. Department of Commerce for up to $100 million in potential CHIPS Act funding. Rigetti ended the quarter with $541.3 million in cash, cash equivalents and available-for-sale investments and no debt, providing financial flexibility to support its technology roadmap.

What's Holding Rigetti BackRigetti's key challenge remains converting technical progress into sustained commercial growth. Despite strong percentage gains, quarterly revenues stood at just $5.1 million, while operating expenses increased to $30.3 million from $20.4 million a year ago, reflecting higher investments in research and development, chip design, fabrication and refrigeration infrastructure. The operating loss widened to $28.1 million from $19.9 million in the prior-year quarter.

Technologically, management must improve Cepheus-1's two-qubit gate fidelity, currently around 99.1%, and address coherence-time limitations before scaling toward larger systems. The company expects fidelity improvements before year-end, but execution risks remain as it works toward its 1,000-qubit target. Moreover, the proposed Department of Commerce funding is not yet covered by a definitive agreement and could involve equity issuance, leaving uncertainty around both funding availability and potential shareholder dilution.

IONQ's Growth DriversIonQ's second-quarter 2026 results highlighted strong commercial momentum, with revenues surging 287% year over year to $80.1 million, marking its fifth consecutive quarter of record results. Growth was driven primarily by deployments of its fifth-generation quantum computing systems, including deliveries to the Korea Institute of Science and Technology Information and progress on a new system for QuantumBasel. The company is also advancing its transition to semiconductor-based quantum processors using electronic qubit control, with fully integrated prototypes received from SkyWater Technology and system commissioning planned for 2027.

The SkyWater acquisition strengthens IonQ's manufacturing capabilities, while its expanding quantum networking, sensing and cybersecurity businesses provide additional growth opportunities. IonQ ended the quarter with $485 million in remaining performance obligations, up from $122 million a year ago, and raised its full-year 2026 revenue outlook to $280-$290 million. Management also expects approximately 100% organic revenue growth for the year.

What Could Slow IONQ's MomentumDespite rapid revenue growth, IonQ continues to face significant spending and execution risks as it scales its quantum platform and integrates SkyWater Technology. Second-quarter GAAP operating expenses reached $417.3 million, including $160.6 million in research and development, while adjusted EBITDA remained negative at $120.3 million. The company also reported a GAAP net loss of $1.9 billion, primarily reflecting a roughly $1.6 billion noncash impact from warrant revaluation.

Although management expects vertical integration to lower quantum hardware development costs over time, the benefits will depend on successful manufacturing execution, operational integration and continued progress in semiconductor-based systems. IonQ has not yet provided combined-company revenue or EBITDA guidance following the SkyWater acquisition, citing the need to integrate operations and assess accounting adjustments. These factors, alongside the substantial investment required to advance its technology roadmap, could weigh on near-term profitability even as revenues expand.

2026 Estimates: RGTI Vs. IONQThe Zacks Consensus Estimate for RGTI’s 2026 bottom line is pegged at a loss of 19 cents per share, implying a 70.3% improvement over the 2025 reported figure.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for IONQ’s 2026 bottom line is pegged at a loss of $1.26 per share, implying 30.8% growth over the 2025 reported loss.

Image Source: Zacks Investment Research

Bullish Price Target for RGTI Over IONQBased on short-term price targets offered by 13 analysts, the average price target for IONQ represents an increase of 99.6% from the last closing price of $32.95.

Image Source: Zacks Investment Research

Based on short-term price targets offered by 11 analysts, the average price target for RGTI represents an increase of 137.5% from the last closing price of $12.44.

Image Source: Zacks Investment Research

Final Take: RGTI or IONQ?IonQ holds an edge in commercial traction, supported by stronger revenue visibility and a broader quantum computing platform. Rigetti's opportunity hinges on improving system performance, scaling its chiplet-based architecture and securing government support. While IonQ has greater commercial momentum, Rigetti could gain ground if it meets its technology milestones.

The Zacks Rank provides another perspective on the two stocks, with Rigetti carrying a Zacks Rank #3 (Hold) and IonQ a Zacks Rank #4 (Sell). Although IonQ's revenue scale and forward guidance stand out, its substantial operating expenses and continued investment requirements remain important considerations. Rigetti, in turn, has a sizable cash position and no debt but must translate its technical progress into more consistent commercial growth.

Both companies offer exposure to the emerging quantum computing market, but their ability to advance their respective technologies, secure customer deployments and manage investment requirements will be critical to their long-term prospects.

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

Everest Group, Ltd. (EG) Q3 2026 Earnings Call October 29, 2026 8:00 AM EDT

Company Participants

Matthew Rohrmann - Senior VP & Head of Investor Relations
James Williamson - CEO, President & Director
Elias Habayeb - Group CFO & Executive VP

Conference Call Participants

Taylor Scott - Barclays Bank PLC, Research Division
Andrew Andersen - Jefferies LLC, Research Division
Meyer Shields - Keefe, Bruyette, & Woods, Inc., Research Division
Charles Peters - Raymond James & Associates, Inc., Research Division
Joshua Shanker - BofA Securities, Research Division
Rowland Mayor - RBC Capital Markets, Research Division
Christopher Hartwell - Bernstein Autonomous LLP
Michael Zaremski - BMO Capital Markets Equity Research
Yaron Kinar - Mizuho Securities USA LLC, Research Division
Brian Meredith - UBS Investment Bank, Research Division
David Motemaden - Evercore ISI Institutional Equities, Research Division
Matthew Heimermann - Citigroup Inc., Research Division
Elyse Greenspan - Wells Fargo Securities, LLC, Research Division
Tracy Benguigui - Wolfe Research, LLC
Ryan Tunis - Cantor Fitzgerald & Co., Research Division

Presentation

Operator

Welcome to the Everest Group Limited Third Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Matthew Rohrmann, Senior Vice President, Head of Investor Relations. Please go ahead.

Matthew Rohrmann
Senior VP & Head of Investor Relations

Thank you, Drew. Good morning, everyone, and welcome to Everest Group Limited Third Quarter of 2026 Earnings Conference Call. The Everest executives leading today's call are Jim Williamson, President and CEO; and Elias Habayeb, Executive Vice President and CFO. We're also joined by other members of the Everest management team.

Before we begin, I'll preface the comments by noting that today's call will include forward-looking statements. Actual results may differ materially, and we undertake no obligation to publicly update forward-looking statements. Please note that forward-looking statements, including estimates, projections and forecasts of future results are subject to the risks, uncertainties and assumptions

TriNet Group, Inc. (TNET) Q3 2026 Earnings Call Transcript

New York, New York--(Newsfile Corp. - October 29, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Chemours Company (NYSE: CC) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Chemours securities between February 20, 2026 and August 4, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/cases/chemours-company-cc-class_action_lawsuit.

Chemours Case Details

The Complaint alleges that throughout the Class Period, Defendants failed to disclose to investors that:

Defendants had materially overstated aftermarket demand for their Opteon products; demand for such products was decreasing as a result of Defendants' overselling Opteon products in the preceding fiscal year; as a result of these undisclosed issues, Defendants' financial guidance for the 2026 fiscal year was unreliable; and as a result, Defendants' public statements were materially false and misleading at all relevant times.What's Next for Chemours Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/cases/chemours-company-cc-class_action_lawsuit, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Chemours you have until December 7, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to Chemours Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for Chemours Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318453

Source: Bronstein, Gewirtz & Grossman, LLC

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, /PRNewswire/ -- Global talent solutions and business consulting firm Robert Half (NYSE: RHI) has been selected by Fortune as one of the Best Workplaces for Women 2026, reinforcing the company's reputation as a workplace where women can build fulfilling careers.

The Best Workplaces for Women list is based on an extensive survey of approximately 640,000 women employed by Great Place To Work Certified™ companies. The evaluation considers workplace culture, benefits, advancement opportunities, programs supporting women's professional development and organizational demographics.

Women comprise 53% of Robert Half's global workforce and serve as Directors, company officers and in leadership roles across the organization.

"This recognition affirms our commitment to creating a workplace where women can advance, lead and build lasting careers," said M. Keith Waddell, President and Chief Executive Officer of Robert Half. "Investing in their professional development strengthens our organization, and we are committed to providing the opportunities and resources they need to reach their full potential."

Robert Half's commitment comes to life through comprehensive benefits, workplace flexibility, career development opportunities and employee networks. The company offers programs, resources and benefits designed to support employees throughout their careers and across different stages of life, including paid parental leave, infertility treatment, adoption and surrogacy assistance, and child and elder care support. Its Global Women's Employee Network (GWEN) helps women and allies across the organization connect, learn and grow.

"When employees have the support they need in both their personal and professional lives, they are empowered to thrive," said JoLynn Conway-James, Senior Executive Director and Chief Administrative Officer at Robert Half. "Our professional development programs, employee networks and family-focused resources help women broaden their opportunities and build rewarding careers."

Robert Half has also been recognized by Forbes as one of The World's Top Companies for Women, further reflecting its commitment to creating an inclusive workplace where employees can grow and succeed.

FAQs
What is Fortune's Best Workplaces for Women list?
The award recognizes Great Place To Work Certified™ companies based on feedback from approximately 640,000 women about workplace culture, benefits and advancement opportunities.

Why was Robert Half recognized?
The recognition reflects Robert Half's commitment to women's career advancement, leadership opportunities and workplace support.

How does Robert Half support women?
Robert Half provides career development, workplace flexibility, family-focused benefits and its Global Women's Employee Network (GWEN).

About Robert Half
Robert Half (NYSE: RHI) is the world's first and largest specialized talent solutions and business consulting firm, connecting highly skilled job seekers with rewarding opportunities at great companies. We offer contract talent and full-time placement solutions in the fields of finance and accounting, technology, marketing and creative, legal, and administrative and customer support, and we also provide executive search services.

Robert Half is the parent company of Protiviti®, a global consulting firm that delivers internal audit, risk, business and technology consulting solutions. In the last 12 months, Robert Half has been recognized as one of America's Most Innovative Companies by Fortune and, with Protiviti, has been named a Fortune® Most Admired Company™ and one of the 100 Best Companies to Work For. Explore talent solutions, research and insights at roberthalf.com.

SOURCE Robert Half

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Sonic Automotive (SAH - Free Report) reported $3.99 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 0.4%. EPS of $1.30 for the same period compares to $1.41 a year ago.

The reported revenue represents a surprise of -0.77% over the Zacks Consensus Estimate of $4.02 billion. With the consensus EPS estimate being $1.66, the EPS surprise was -21.69%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Sonic Automotive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Franchised Dealerships Segment - Same Store - Unit Sales Volume - Used vehicles: 26,526 versus 26,472 estimated by two analysts on average.Franchised Dealerships Segment - Same Store - Unit Sales Volume - Total new vehicles: 28,096 versus 28,141 estimated by two analysts on average.Franchised Dealerships Segment - Gross Profit Per Unit - New vehicles: $3,037.00 versus the two-analyst average estimate of $2,903.29.Franchised Dealerships Segment - Gross Profit Per Unit - Used vehicles: $1,500.00 compared to the $1,361.92 average estimate based on two analysts.Revenues- Franchised Dealerships: $3.28 billion versus the two-analyst average estimate of $3.36 billion. The reported number represents a year-over-year change of -2.6%.Revenues- Franchised Dealerships Segment- Same Store- Used vehicles: $835.4 million compared to the $797.43 million average estimate based on two analysts. The reported number represents a change of +8.9% year over year.Revenues- Franchised Dealerships Segment- Total new vehicles: $1.73 billion versus the two-analyst average estimate of $1.79 billion. The reported number represents a year-over-year change of -7%.Revenues- Franchised Dealerships Segment- Used vehicles: $844.9 million versus $812.41 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.1% change.Revenues- Franchised Dealerships Segment- Parts, service and collision repair: $515.3 million compared to the $521.11 million average estimate based on two analysts. The reported number represents a change of +1% year over year.Revenues- Franchised Dealerships Segment- Finance, insurance and other, net: $142.6 million compared to the $148.18 million average estimate based on two analysts. The reported number represents a change of -3.4% year over year.Revenues- EchoPark Segment- Used vehicles: $509.9 million versus the two-analyst average estimate of $511.65 million. The reported number represents a year-over-year change of +16.1%.Revenues- EchoPark Segment- Finance, insurance and other, net: $54.9 million compared to the $60.15 million average estimate based on two analysts. The reported number represents a change of +3.8% year over year.View all Key Company Metrics for Sonic Automotive here>>>

Shares of Sonic Automotive have returned +4.6% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

Published in earnings earnings-estimates-revisions earnings-surprise

Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's 'Halftime Report' to spotlight Okta in his 'Best Stocks in the Market.'

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Ripple's Swell event kicked off with a bang on October 28, 2026, bringing together decision-makers from traditional finance, crypto, academia and the XRP ecosystem.

In one session highlighted by the official Swell X account, Johann Kerbrat, Senior VP and GM of Crypto at Robinhood, joined Ripple President Monica Long to discuss the evolution of crypto markets, expanding access to digital assets and the future of global financial services.

Tokenization took the main stage at The Shed 🌊 Robinhood's @JohannKerbrat sat down with Ripple President @MonicaLongSF to talk tokenization, crypto markets and what's next for @RobinhoodApp. https://t.co/I7X2E2MMxl

HOT Stories

— Swell (@RippleSwell) October 28, 2026 As Robinhood pushes into always-on markets through blockchain technology, the two crypto executives discussed the "unstoppable freight train" of tokenization and what was needed to build the future of global financial services on-chain.

Tokenization involves representing real-world or traditional financial assets as digital tokens on a blockchain, and it is attracting growing attention because it could enable assets to be issued, transferred, and managed through blockchain-based infrastructure.

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Ripple CEO Brad Garlinghouse shares this same viewpoint, saying that as traditional and digital finance converge, market infrastructure is migrating to modern rails. Settlement is moving to real-time, 24/7 and tokenized assets can be traded, financed and used as collateral.

Ripple reported a banner year, with Long commenting on this milestone in an X post: "Our best year ever—approaching $900 million in annualized product revenue run rate exiting 2026, with customers and partners like Standard Chartered, DBS, HSBC, Robinhood, BNY and more using our blockchain infrastructure solutions built with XRPL for a variety of use cases to move, hold, tokenize and deploy assets."

Robinhood teams up with RippleThe conversation between the two crypto executives follows a major announcement ahead of the Swell event, which revealed a strategic partnership between Ripple and Robinhood to power the next generation of finance.

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Robinhood will integrate Ripple Treasury to modernize and automate its global treasury operations, including cash and liquidity management, cash flow forecasting, payments, risk management, and intercompany netting. The financial services provider will leverage RLUSD on the XRPL for institutional settlement, extending the stablecoin's utility across Bitstamp by Robinhood's growing institutional business.

RLUSD has been listed on Robinhood Chain and Bitstamp by Robinhood and is expected to be available later this year in the Robinhood app.

The XRP community has turned its focus to Ripple’s leadership as the company enters a pivotal phase in 2026. David Schwartz, Ripple’s Chief Technology Officer, posted a photo on X while standing next to Ayo Akinyele, Head of Engineering at RippleX, at the Times Square 42nd Street subway station in New York. The post featured an XRP-branded train and carried the caption: “Time to get on the XRP Train.”

Swell 2026 and Ripple’s Regulatory MilestonesRipple’s annual Swell conference is currently taking place in New York, a venue known for bringing together partners, executives, and regulators from across the digital asset ecosystem. The timing stands out, as Ripple has secured final approval from the US Office of the Comptroller of the Currency (OCC) for the banking charter of Ripple National Trust Bank just days before the event.

Previously, the OCC had extended conditional approval in December 2025. The most recent confirmation, delivered on October 26, allows Ripple National Trust Bank to operate under federal oversight. The bank will manage reserves for RLUSD, Ripple’s dollar-backed stablecoin, whose asset base has now reached $2.5 billion. In addition, it is authorized to offer digital asset custody services to institutional clients, a move seen as highly consequential for Ripple’s expansion in the financial services sector.

2026 has also been a year of rapid growth for Ripple’s operations beyond regulatory achievements. The company completed the $1.25 billion acquisition of Hidden Road, rebranding the business as Ripple Prime. This entity began operations in March and has since reported an annual clearing volume of approximately $3 trillion, highlighting increasing demand from institutions.

MetricDetails (2026)RLUSD reserves$2.5 billionRipple Prime annual clearing$3 trillionXRP ETFs total AUM$1.5 billion+Multiple spot XRP exchange-traded funds (ETFs) have also gone live, amassing combined assets under management above $1.5 billion. Deutsche Bank has incorporated Ripple technology for cross-border payments, and Kyoto Life Insurance began tokenizing government bonds utilizing Ripple Custody.

Mini dictionary: RippleX is a division within Ripple focused on supporting the development of open-source technology and tools for applications built on the XRP Ledger, enabling broader adoption of decentralized finance solutions.

Leadership Presence and Community EngagementAmid growing interest and institutional milestones, Schwartz’s post quickly resonated among XRP supporters on X. The ongoing Swell conference and the green light for the bank charter are being viewed by many as pivotal events that could drive further momentum for Ripple and XRP.

Schwartz and Akinyele appeared beside an XRP-branded train, posting the message: “Time to get on the XRP Train,” at a high-profile moment for Ripple as the firm celebrates recent regulatory and business breakthroughs at its flagship event in New York.

The gathering aligns with broader achievements for Ripple, and discussions within the community have intensified as observers assess the significance of these developments for XRP’s prospects.

Community response to the recent developments was mixed, ranging from optimism to a sense of urgency. One member questioned whether the “train had already left the station,” implying that key opportunities might already be realized amid growing interest from institutions and retail holders.

Another supporter remarked that they had “made it onto the XRP train,” suggesting timely involvement as Ripple accelerates into new financial sectors. Some posts referenced the sentiment that the “XRP train had finally departed,” reflecting long-standing anticipation for tangible catalysts in the asset’s value and utility.

Some XRP holders shared images of themselves on real trains in response, creating a visual connection to the company’s “get on the train” metaphor and expressing their enthusiasm for Ripple’s ongoing developments.

Throughout, images of trains circulated widely, as many community members showcased their ongoing participation in the $XRP ecosystem, anticipating the outcomes of Ripple’s new initiatives.

TL;DR: At its Swell conference, Ripple said it was approaching a $900 million annualized product-revenue run rate as it heads toward the end of 2026. For cryptocurrency markets, the announcement is another example of major blockchain companies finding revenue streams beyond token price appreciation.

At its Swell conference, Ripple said it was approaching a $900 million annualized product-revenue run rate as it heads toward the end of 2026. The company links the expansion to stronger enterprise demand and the integration of acquisitions across payments, custody, prime brokerage and treasury management. It also highlighted relationships involving BNY, Robinhood, DriveWealth and other organizations. A run rate is an annualized pace derived from a current period; it is not the same as audited full-year revenue or a guarantee that the pace will be maintained.

The event and the market response
Ripple says its products enabled more than $16 trillion in transactions during 2025 and that more than 1,700 institutions, corporates and enterprises have access to its digital-asset infrastructure. Those figures describe activity and reach across a broad product portfolio rather than direct XRP trading volumes. The company is using the same conference to emphasize RLUSD, its bank-charter progress and efforts to join conventional financial workflows with onchain assets. Each component addresses a different part of the business case, from asset custody to corporate cash movement.

Why the development matters to the crypto market
For cryptocurrency markets, the announcement is another example of major blockchain companies finding revenue streams beyond token price appreciation. Payments infrastructure, custody and regulated stablecoins can serve clients even when speculative trading cools. However, the relationship between a company’s business revenue and the price of a separate public-network asset is indirect. The most useful market signals will be demonstrable demand for XRP Ledger transactions, stablecoin settlement and institutional integrations, rather than assuming all corporate growth flows to XRP holders.

The distinction between a blockchain record and the economic rights behind it is crucial for anyone evaluating this news. Digital tokens may move quickly, but title, custody, investor eligibility and redemption remain governed by legal agreements and regulated entities. A new integration should therefore be judged by the processes it can complete end to end, not simply by the number of assets it can represent. Traders also need to resist treating institutional enthusiasm as an automatic bullish signal for a native cryptocurrency: commercial adoption and token pricing can diverge for long periods.

An institutional buyer will evaluate the cost of connecting a new rail to its existing systems before celebrating the technology. That includes identity checks, transaction reporting, asset servicing, reconciliation and recovery procedures when something goes wrong. A smaller but repeatable workflow can be commercially more valuable than an enormous theoretical market size. In this case, progress should be measured against the promised operational improvement and the conditions attached to it. Without usage figures, no one can reliably turn a partnership or infrastructure milestone into a forecast of investment returns.

What the headline does not establish
The bigger question is how announcements translate into recurring revenue and transaction activity. A partnership may include integration work, testing or planned expansion before it represents substantial production volume. The economics of corporate treasury software are also different from those of token trading or settlement. Investors should therefore avoid treating the headline run rate as a proxy for the XRP token’s intrinsic value. Ripple’s disclosure offers direction about strategy, but does not replace segment-by-segment financial statements.

What to watch next
Future results should clarify the difference between announced partnerships, active customers and recognized revenue. Independent evidence of settlement volume and adoption across multiple products would give the annualized figure greater meaning.

Primary source: Official statement / source documentation. Additional source: Supporting document 1.

written by the News Desk and edited by Samuel Rae.

Texas Instruments just raised its dividend again and throws off billions in free cash flow, yet one number buried in its payout math raises a real question about which analog chip giant actually has the safer income stream.

Texas Instruments (NASDAQ:TXN | TXN Price Prediction) just raised its quarterly dividend to $1.52 from $1.42. Analog Devices (NASDAQ:ADI) pays $1.10. Both make analog chips, which turn real-world signals like heat, sound, and voltage into usable data. Those parts stay in factory equipment and cars for years, so the cash they produce tends to be steady, and steady cash is what pays dividends.

Factories and Data Centers Are Paying for Both Dividends At Texas Instruments, industrial revenue climbed more than 40%, and data center revenue rose about 95%. The recovery was broad, and it showed up in cash. Trailing free cash flow reached $8.4 billion, up from $2.4 billion a year earlier as spending on its 300mm wafer factories slowed. CEO Haviv Ilan credited “the benefit of 300mm production.”

Analog Devices grew faster. Industrial sales rose 53% to $1.972B, and communications jumped 84% on AI data center demand. The adjusted operating margin hit 50.0%, which points to real pricing power. CEO Vincent Roche put it: “The origin of the high gross margin structures is the innovation premium that we attract.”

Dividend Lens Texas Instruments Analog Devices Forward yield 1.98% 1.03% Straight annual increases 23 22 Latest raise 7% 11% Dividends as share of TTM free cash flow 62% 42% Cash and short-term investments $8.1 billion $2.3 billion Texas Instruments Pays More While Analog Devices Keeps a Wider Cushion Texas Instruments sends almost all of its returned cash out as dividends. Buybacks came to only $48M last quarter. Trailing free cash flow also includes $1.6 billion of CHIPS Act incentives. Strip those out, and dividends use about 76% of free cash flow. That leaves a much thinner margin of safety.

Analog Devices plans to put 40% to 60% of free cash flow toward the dividend and use the rest to buy back stock. It repurchased $1.157B in the quarter, so it has a large pool of cash it could redirect before ever cutting the dividend. The catch is the balance sheet. Total debt rose to $9.12 billion after the all-cash $1.5 billion purchase of Empower Semiconductor.

One Risk Hangs Over Each Payout For Texas Instruments, the risk is capital spending in 2027. Ilan said that budget depends on “demand and our aspiration for growth,” and he admitted the company is “investing ahead of demand.” If capex climbs again just as CHIPS incentives wind down, free cash flow could shrink while the dividend continues rising.

Analog Devices faces a different exposure. Roche noted that “AI capex could slow or decrease,” and data center sales now make up 80% of its communications segment.

Why I Give Analog Devices the Durability Edge If you want the most income today, Texas Instruments pays nearly double the yield, and its 23-year record of increases speaks for itself. When I ask which dividend will last, though, I pick Analog Devices. It spends less on factories, earns higher margins, and pays its dividend with less than half of its free cash flow. I would rethink that if Texas Instruments keeps 2027 capex in the $2 billion to $3 billion range, similar to this year.

Contact [email protected] for any questions or corrections.

Marvell Technology (MRVL -14.22%) stock is sinking, down 13.9% as of 2:44 p.m. ET on Thursday, Oct. 29, after a report said the chipmaker is close to buying a big optics supplier.

The S&P 500 and the Nasdaq Composite were down 0.7% and 1.7%, respectively.

Image source: Getty Images.

Marvell has its eye on LumentumBloomberg reported after Wednesday's close that Marvell is in advanced talks to acquire Lumentum, a company that builds key optical components for AI data centers. An announcement could land as early as next week according to the report, but nothing has been finalized.

Marvell can't just write a checkMarvell has about $3.93 billion in cash and equivalents, and given Lumentum's $83 billion market cap, Bloomberg has reported it is likely to be all stock. That means dilution for existing shareholders. The company actually acquired a smaller optics company last year, in a $3.5 billion deal that included $1 billion in cash. This would be substantially larger.

MRVL Marvell Technology$215.86-$35.79 (-14.22%)

NASDAQ · As of 3:00 PM ET 10/29/26

The price tag is the real questionMarvell's overall business is humming, with Q2 revenue up 37% to a record $2.74 billion. I think optics is a smart place for Marvell to grow, but this is a massive deal relative to its size, and whether it pays off is a question we can't really answer until more details come to light.

Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Lumentum and Marvell Technology. The Motley Fool has a disclosure policy.

Key Takeaways Hershey's Q3 earnings jumped 103.1% to $2.64 per share, while net sales rose 3% to $3.28 billion.
HSY's adjusted gross margin expanded 1,090 bps to 42.7%, aided by pricing, cost relief and tariff refunds.
Hershey raised its 2026 sales growth outlook to 5% and adjusted EPS guidance to $8.58-$8.74.

The Hershey Company (HSY - Free Report) delivered an impressive third-quarter 2026 performance, benefiting from strategic pricing actions, easing commodity costs, productivity savings and tariff refunds, despite persistent volume pressures and cautious consumer spending.

The company posted adjusted earnings of $2.64 per share, up 103.1% year over year, surpassing the Zacks Consensus Estimate of $2.12. Net sales increased 3% to $3,275.5 million, beating the consensus mark of $3,254 million. Organic, constant-currency sales rose 0.8%, as approximately 11 points of pricing more than offset a 10-point volume decline.

HSY's Sales Growth Benefits From PricingThe LesserEvil acquisition contributed 2.1 percentage points to total sales growth, while foreign currency provided a 0.1-point benefit. Pricing remained the primary organic growth driver, particularly in North America Confectionery, reflecting previously implemented strategic pricing actions.

Volume pressure primarily reflected pricing elasticity in North America Confectionery and International, alongside shipment timing and portfolio optimization in International. Management highlighted increasing consumer caution amid higher gas prices, inflation and interest rates, particularly in convenience stores.

Hershey's Adjusted Margins Expand SignificantlyAdjusted gross margin expanded 1,090 basis points to 42.7%. Net price realization, productivity savings, tariff refunds and lower net commodity costs more than offset reduced volumes and higher freight and logistics expenses. Results benefited from approximately $57 million in tariff refunds and favorable cocoa hedge timing.

Adjusted operating profit surged 78.5% to $754 million, while adjusted operating margin expanded 970 basis points to 23%. Advertising and related consumer marketing expenses increased 17.1%, reflecting higher brand investments. Adjusted operating expenses, excluding advertising, rose approximately 5%, primarily due to increased capability and technology investments.

HSY's Segment Results Show Mixed TrendsNorth America Confectionery sales increased 1.6% to $2,656.5 million. Organic, constant-currency sales rose at the same rate, as approximately 13 points of pricing were partly offset by an 11-point volume decline. Segment income jumped 66.2% to $949.7 million, lifting the segment margin 1,400 basis points to 35.8%. Pricing, productivity savings, tariff refunds and lower commodity costs supported profitability.

North America Salty Snacks sales climbed 22.3% to $392.7 million, with LesserEvil contributing approximately 20 percentage points. Organic, constant-currency sales increased 2.3%, supported by roughly 1 point each of volume growth and pricing. However, supply constraints affecting Dot's Pretzels and multipacks restricted shipments. Segment income fell 17.9% to $47.4 million, while the margin contracted 590 basis points to 12.1%, reflecting higher manufacturing, logistics and commodity costs, alongside increased marketing investments.

International sales declined 7.5% to $226.4 million. Organic, constant-currency sales dropped 9.7%, as approximately 4 points of pricing were outweighed by a 14% volume decline. Shipment timing, portfolio rationalization and elasticity pressured performance. The segment recorded a loss of $30 million compared with a loss of $13.6 million a year earlier. Segment margin deteriorated 770 basis points to a negative 13.3%.

Hershey's Brand Investments Support Consumer DemandHershey continued investing in innovation, marketing and merchandising to strengthen consumer engagement. Third-quarter U.S. retail sales of non-seasonal confectionery, mint and gum increased 2%, while two-year growth accelerated to nearly 4% from 2.5% in the first half.

Management highlighted encouraging results from Hershey Crème Filled Bars and Reese's Oreo, alongside improved marketing effectiveness. However, softer convenience-store trends and ongoing salty snacks supply constraints remained key operational challenges.

HSY's Financial Position and Capital ReturnsCash and cash equivalents totaled $676.7 million, while long-term debt amounted to $4,492.6 million. Capital additions, including software, totaled $101 million, up $15 million year over year. Dividend payments reached $285 million, reflecting a 5% increase.

The company did not repurchase common shares during the quarter. It had $270 million remaining under its December 2023 authorization and $500 million under the June 2026 authorization.

Hershey Raises Its 2026 Earnings OutlookManagement raised its 2026 net sales growth outlook to approximately 5% from 4.5-5%, while lowering organic sales growth expectations to approximately 3% from 3-3.5%.

Adjusted earnings growth is now projected to be 36-38.5% compared with 32.5-35% previously. This translates to adjusted earnings of $8.58-$8.74 per share, including tariff refund benefits. Management maintained its underlying adjusted earnings growth expectations, excluding tariff refunds.

Hershey expects adjusted gross margin expansion of approximately 370 basis points, including tariff refunds. The company expects capital expenditures of approximately $450 million and interest expenses of $200 million, while savings from its Advancing Agility & Automation program are projected at $100 million.

For 2027, management anticipates continued cocoa cost deflation and low-double-digit earnings recovery, although higher freight costs, broader inflation and consumer spending pressures could constrain growth.

This Zacks Rank #3 (Hold) stock has lost 11.8% over the past six months, almost in line with the industry.

Stocks to ConsiderThe Chefs' Warehouse, Inc. (CHEF - Free Report) , a premier distributor of specialty food products, currently carries a Zacks Rank #2 (Buy). CHEF delivered a trailing four-quarter earnings surprise of 29.3%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for The Chefs' Warehouse’s current fiscal-year EPS implies growth of 35.3% from the year-ago figure.

Mama's Creations, Inc. (MAMA - Free Report) , a prepared-foods company focused on fresh, ready-to-eat and deli products, currently carries a Zacks Rank of 2. MAMA delivered a trailing four-quarter earnings surprise of 121.7%, on average.

The Zacks Consensus Estimate for Mama's Creations’ current fiscal-year sales and EPS indicates an increase of 30.3% and 66.7%, respectively, from the year-ago period.

The J.M. Smucker Company (SJM - Free Report) , a leading manufacturer and marketer of branded food, beverage, pet food and pet snack products, currently carries a Zacks Rank #2. SJM delivered a trailing four-quarter earnings surprise of 13.8%, on average.

The Zacks Consensus Estimate for The J.M. Smucker’s current fiscal-year EPS implies growth of 17.1% from the year-ago figure.

Key Takeaways Vertiv's Q3 earnings jumped 78% to $2.21 per share, while revenues surged 61.2% to $4.31 billion.
VRT's organic orders more than doubled as AI infrastructure demand fueled robust power and cooling sales.
Vertiv raised its 2026 sales outlook to $14.45B-$14.85B and adjusted EPS guidance to $7.10-$7.20.

Vertiv (VRT - Free Report) reported third-quarter 2026 adjusted earnings of $2.21 per share, up 78% year over year. The figure beat the Zacks Consensus Estimate by 21.43%.

Net sales surged 61.2% year over year to $4.31 billion, surpassing the consensus estimate by 14.61%. Organic sales increased 55%, while acquisitions contributed approximately 6%. Strong data center infrastructure demand supported broad-based growth, with organic orders increasing more than 100% year over year.

VRT’s Regional Sales Reflect Broad-Based StrengthAmericas net sales surged 74.5% year over year to $2.99 billion, including organic growth of 66.2%. Capacity expansion and disciplined backlog execution supported revenue growth across the portfolio. Management highlighted accelerating pipeline activity and strong demand across customer categories.

Asia Pacific revenues increased 49.9% year over year to $779.3 million, with organic growth of 48.3%. Demand remained particularly strong in India and Australia, while China showed encouraging signs of improvement.

Europe, the Middle East and Africa (EMEA) sales climbed 22.8% year over year to $544.7 million, including 19.3% organic growth. Management highlighted improving pipeline conversion, with the region’s pipeline approximately doubling year over year.

Vertiv’s Revenue Mix Highlights Product DemandProduct revenues surged 64.2% year over year to $3.64 billion, accounting for approximately 84% of total sales. Growth reflected increasing demand for power, cooling and integrated infrastructure solutions supporting high-density data centers.

For the third quarter of 2026, Service revenues increased 46.4% year over year to $675.7 million.

VRT’s Profitability Expands on Operational EfficiencySelling, general and administrative expenses increased 34.4% year over year to $556.9 million.

Operating profit surged 90.4% to $983.8 million, while GAAP operating margin expanded 350 basis points to 22.8%.

Adjusted operating profit climbed 82.5% year over year to $1.09 billion, exceeding the midpoint of guidance by $169 million. Adjusted operating margin expanded 290 basis points to 25.2%.

Americas adjusted operating profit rose 74.8% to $877.3 million, with a margin of 29.4%. APAC adjusted operating profit surged 93.3% to $132.4 million, while EMEA’s increased 82.4% to $152.3 million.

Vertiv’s Cash Flow Supports Financial FlexibilityAs of Sept. 30, 2026, cash and cash equivalents totaled $3.51 billion, with short-term investments of $198.8 million and long-term debt of $2.93 billion.

Net cash provided by operating activities increased 64.5% year over year to $794 million. Adjusted free cash flow rose 49.6% to $652.2 million.

VRT’s Capacity Expansion Targets AI InfrastructureVertiv continues expanding its global manufacturing footprint to support accelerating demand. Investments include power and thermal management facilities across the Americas, Europe and Asia Pacific. Management expects to double chiller production capacity by year-end.

The company is also advancing AI infrastructure deployment through collaborations with NVIDIA, Dassault Systemes and Polar Data Centers. Its integrated design and modular deployment approach targets up to 30% higher cumulative AI token output during the first 12 months, compared with conventional deployment methods, based on modeled assumptions.

Management expects capital expenditures to represent approximately 4% of 2026 sales, supporting manufacturing expansion, engineering development and next-generation infrastructure technologies.

Vertiv Raises Fourth-Quarter and Full-Year OutlookFor the fourth quarter of 2026, Vertiv expects net sales between $4.31 billion and $4.51 billion, with adjusted earnings of $2.22-$2.28 per share. Adjusted operating profit is projected to be between $1.12 billion and $1.16 billion, with an adjusted operating margin of 25.3%-26.3%.

For 2026, net sales are now forecasted to be between $14.45 billion and $14.85 billion, reflecting a $650 million increase at the midpoint from the prior guidance. Adjusted earnings are projected to be in the range of $7.10-$7.20 per share.

Adjusted operating profit is expected to be between $3.48 billion and $3.56 billion, with an adjusted operating margin of 23.5%-24.5%. Adjusted free cash flow guidance was raised to the range of $2.6 billion-$2.8 billion.

VRT’s Zacks Rank & Other Stocks to ConsiderVertiv currently carries a Zacks Rank #2 (Buy).

Some other top-ranked stocks in the broader Zacks Computer and Technology sector include ACI Worldwide (ACIW - Free Report) , Affirm (AFRM - Free Report) and AMETEK (AME - Free Report) . While AFRM and AME sport a Zacks Rank #1 (Strong Buy), ACI Worldwide carries a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

ACI Worldwide shares have gained 15.4% in the year-to-date period. ACI Worldwide is set to report third-quarter 2026 results on Nov. 5.

Shares of Affirm have plunged 1.5% year to date. Affirm is set to report first-quarter fiscal 2027 results on Nov. 5.

Shares of AMETEK have rallied 20.8% year to date. AMETEK is slated to report third-quarter 2026 results on Nov. 3.