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Investors in Global Payments Inc. (GPN - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 18, 2026 $35 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for Global Payments shares, but what is the fundamental picture for the company? Currently, Global Payments is a Zacks Rank #3 (Hold) in the Financial Transaction Services industry that ranks in the Top 25% of our Zacks Industry Rank. Over the last 30 days, two analysts have increased their earnings estimates for the current quarter, while six analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $3.53 per share to $3.51 in that period.

Given the way analysts feel about Global Payments right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

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Published in business-services finance

Global Payments Inc. (NYSE: GPN), a leading payment technology and software company that powers commerce for businesses of all sizes worldwide, announced today that Cameron Bready, chief executive officer, will present live at the Mizuho Technology Conference on Wednesday, June 10 at 1:05 p.m. EDT in New York, NY.

Interested parties can listen to a live webcast of the fireside chat from the investor relations section of the company’s website at investors.globalpayments.com. A replay of the webcast will also be available after the event.

About Global Payments

Global Payments (NYSE: GPN) is a leading payment technology and software company that powers commerce for businesses of all sizes worldwide. We help businesses grow with confidence by delivering innovative solutions that enable seamless payment acceptance, smarter operations and exceptional client experiences – online, in store and everywhere in between. With its global reach, local expertise and scale, Global Payments manages trillions in payments volume and billions of transactions across more than 175 countries. Headquartered in Atlanta, Georgia, Global Payments is a Fortune 500® company and a member of the S&P 500. Learn more at company.globalpayments.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260603994150/en/

Global Payments Inc. (GPN) Presents at Mizuho Technology Conference 2026 Transcript

B. Metzler seel. Sohn & Co. AG lifted its stake in shares of Transdigm Group Incorporated (NYSE:TDG – Free Report) by 139.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,995 shares of the aerospace company’s stock after buying an additional 1,161 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Transdigm Group were worth $2,653,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Transdigm Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,814,938 shares of the aerospace company’s stock worth $8,982,225,000 after acquiring an additional 121,049 shares during the last quarter. Capital International Investors increased its position in shares of Transdigm Group by 4.1% during the 3rd quarter. Capital International Investors now owns 6,489,193 shares of the aerospace company’s stock worth $8,552,028,000 after purchasing an additional 254,750 shares during the last quarter. State Street Corp grew its position in Transdigm Group by 1.9% in the 3rd quarter. State Street Corp now owns 2,388,838 shares of the aerospace company’s stock valued at $3,148,536,000 after acquiring an additional 45,550 shares in the last quarter. Principal Financial Group Inc. grew its position in Transdigm Group by 18.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,379,816 shares of the aerospace company’s stock valued at $3,136,719,000 after acquiring an additional 367,756 shares in the last quarter. Finally, Capital Research Global Investors grew its position in Transdigm Group by 10.2% in the 3rd quarter. Capital Research Global Investors now owns 2,207,837 shares of the aerospace company’s stock valued at $2,909,850,000 after acquiring an additional 203,997 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In A number of equities analysts have recently commented on the company. Weiss Ratings downgraded Transdigm Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 13th. Robert W. Baird reissued a “neutral” rating and set a $1,400.00 price objective on shares of Transdigm Group in a research report on Wednesday, February 4th. KeyCorp downgraded Transdigm Group from an “overweight” rating to a “sector weight” rating in a research report on Thursday, February 5th. Wells Fargo & Company assumed coverage on Transdigm Group in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $1,200.00 price objective for the company. Finally, UBS Group lowered their price objective on Transdigm Group from $1,804.00 to $1,800.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Transdigm Group has an average rating of “Moderate Buy” and a consensus target price of $1,567.40.

View Our Latest Analysis on TDG

Transdigm Group Price Performance Transdigm Group stock opened at $1,147.03 on Friday. Transdigm Group Incorporated has a 12 month low of $1,123.61 and a 12 month high of $1,623.82. The business has a 50 day simple moving average of $1,235.27 and a 200-day simple moving average of $1,300.03. The stock has a market capitalization of $64.77 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 2.46 and a beta of 0.98.

Transdigm Group (NYSE:TDG – Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The aerospace company reported $8.23 EPS for the quarter, topping the consensus estimate of $7.99 by $0.24. Transdigm Group had a negative return on equity of 29.07% and a net margin of 20.50%.The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the prior year, the business earned $7.83 earnings per share. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. Transdigm Group has set its FY 2026 guidance at 37.420-39.340 EPS. As a group, equities research analysts anticipate that Transdigm Group Incorporated will post 36.71 EPS for the current year.

Insider Buying and Selling at Transdigm Group In other Transdigm Group news, Director W Nicholas Howley sold 10,132 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $1,265.06, for a total value of $12,817,587.92. Following the completion of the transaction, the director owned 21,548 shares in the company, valued at approximately $27,259,512.88. This represents a 31.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin M. Stein sold 36,925 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $1,425.79, for a total value of $52,647,295.75. Following the completion of the transaction, the director owned 19,233 shares of the company’s stock, valued at $27,422,219.07. The trade was a 65.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 86,522 shares of company stock valued at $117,197,926. Corporate insiders own 3.20% of the company’s stock.

Transdigm Group Company Profile (Free Report)

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.

TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.

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April 28, 2026 07:00 ET  | Source: TDG Gold Corp

VANCOUVER, British Columbia, April 28, 2026 (GLOBE NEWSWIRE) -- TDG Gold Corp. (TSXV: TDG | OTCQX: TDGGF) (the “Company” or “TDG”) announces the appointment of Paul Geddes, P.Geo, as Senior Vice-President, Business Development and Strategy, effective April 27, 2026.

Fletcher Morgan, Director and CEO of TDG, commented: “Paul brings technical and strategic experience that is directly applicable to TDG’s focus on disciplined growth and capital efficiency. His proven track record of advancing projects from discovery through to resource definition supports our objective of delivering accelerated returns from our Toodoggone and Anyox assets.”

Mr. Geddes has more than 25 years of experience in mineral exploration and resource development in precious and base metals. His career spans greenfield discovery through to advanced-stage resource definition and expansion, with a demonstrated ability to expand mineral inventories through disciplined, capital-efficient exploration programs.

Mr. Geddes has held progressively senior technical and leadership roles with both major and junior mining companies, including Noranda Mining and Exploration, Teck Exploration, INCO Technical Services, North American Palladium, Rainy River Resources, Osisko Development, and most recently, Senior Vice President, Exploration and Resource Development at Skeena Gold + Silver.

In 2023, he and his team were awarded the A.O. Dufresne Exploration Achievement Award for exploration success and resource growth at the Eskay Creek gold-silver project in British Columbia.

Mr. Geddes is a registered Professional Geoscientist and a member in good standing with Engineers and Geoscientists British Columbia.

ON BEHALF OF THE BOARD

Fletcher Morgan
Chief Executive Officer

For further information contact:
TDG Gold Corp.
Telephone: +1.604.536.2711
Email:[email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Get a deeper insight into the potential performance of TransDigm (TDG) for the quarter ended March 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.

Key Takeaways TransDigm heads into fiscal Q2 after a 2.62% earnings surprise in the prior quarter.TDG's $765M Simmonds Precision deal adds aerospace parts with aftermarket demand and recurring revenues.TDG consensus calls for $9.32 EPS and $2.42B revenues, up 2.3% and 11.7% year over year. TransDigm Group Incorporated (TDG - Free Report) is slated to report second-quarter fiscal 2026 results on May 5, before market open. The company delivered an earnings surprise of 2.62% in the last reported quarter.

Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.

Factors Likely to Affect TDG’s Q2 ResultsDuring the fiscal first quarter of 2026, TransDigm acquired Simmonds Precision Products, Inc., a business of Goodrich Corp., for about $765 million. This acquisition strengthened TransDigm’s portfolio of specialized aerospace components, especially those with strong aftermarket demand. It also expanded the company’s presence across commercial and defense platforms and added a stable stream of recurring revenues, which is expected to have supported second-quarter sales.

Strong performance in the commercial aftermarket, driven by improving air travel, higher flight activity and increased aircraft usage, is likely to have supported revenue growth in the quarter. At the same time, higher U.S. defense spending is expected to have contributed positively to sales.

Overall, higher revenues are likely to have supported margin improvement. Continued focus on cost control and operational efficiency is also expected to have strengthened profitability, supporting the company’s quarterly earnings.

Estimates for TDGThe Zacks Consensus Estimate for earnings is pegged at $9.32 per share, indicating a year-over-year increase of 2.3%.

The consensus estimate for revenues is pinned at $2.42 billion, indicating a year-over-year improvement of 11.7%.

What the Zacks Model Unveils for TDGOur proven model does not conclusively predict an earnings beat for TransDigm this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as you will see below.

TDG’s Earnings ESP: TDG has an Earnings ESP of 0.00%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.

TDG’s Zacks Rank: TDG currently carries a Zacks Rank #4 (Sell).

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

Stocks to ConsiderBelow, we have mentioned a few players from the same sector that have the right combination of elements to beat on earnings in the upcoming releases:

CurtissWright (CW - Free Report) is expected to report its first-quarter 2026 earnings on May 6, 2026, after market close. It has an Earnings ESP of +0.72% and a Zacks Rank of 2 at present.

The Zacks Consensus Estimate for CW’s earnings is pegged at $3.32 per share, indicating year-over-year growth of 17.7%. The consensus estimate for its sales is pegged at $867.2 million, indicating year-over-year growth of 7.6%.

Redwire Corporation (RDW - Free Report) is set to report its first-quarter 2026 earnings on May 6, 2026, after market close. It has an Earnings ESP of +22.58% and a Zacks Rank of 3 at present.

The Zacks Consensus Estimate for RDW’s loss is pegged at 16 cents per share, indicating year-over-year improvement. The consensus estimate for its sales is pegged at $103.5 million, indicating year-over-year growth of 68.5%.

Huntington Ingalls Industries (HII - Free Report) is expected to report its first-quarter 2026 earnings on May 5, 2026, before market open. It has an Earnings ESP of +3.05% and a Zacks Rank of 3 at present.

The Zacks Consensus Estimate for HII’s earnings is pegged at $3.70 per share. The consensus estimate for its sales is pegged at $3.02 million, indicating year-over-year growth of 10.4%.

, /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, today reported results for the second quarter ended March 28, 2026.

Second quarter highlights include:

Net sales of $2,544 million, up 18% from $2,150 million in the prior year's quarter; Net income of $536 million, up 12% from the prior year's quarter; Earnings per share of $9.20, up 12% from the prior year's quarter; EBITDA As Defined of $1,337 million, up 15% from $1,162 million in the prior year's quarter; EBITDA As Defined margin of 52.6%; Adjusted earnings per share of $9.85, up 8% from $9.11 in the prior year's quarter; and Upward revision to fiscal 2026 financial guidance. Quarter-to-Date Results

Net sales for the quarter increased 18.3%, or $394 million, to $2,544 million from $2,150 million in the comparable quarter a year ago. Organic sales growth as a percentage of net sales was 11.0%.

Net income for the quarter increased $57 million, or 11.9%, from $479 million in the comparable quarter a year ago. The increase in net income primarily reflects the increase in net sales described above, the application of our value-driven operating strategy, and lower non-cash stock and deferred compensation expense. The increase was partially offset by higher interest expense as a result of the increase in TransDigm's year-over-year gross debt balance.

Adjusted net income for the quarter increased 8.5% to $574 million, or $9.85 per share, from $529 million, or $9.11 per share, in the comparable quarter a year ago.

EBITDA for the quarter increased 18.4% to $1,289 million from $1,089 million for the comparable quarter a year ago. EBITDA As Defined for the quarter increased 15.1% to $1,337 million compared with $1,162 million in the comparable quarter a year ago. EBITDA As Defined as a percentage of net sales for the quarter was 52.6% compared with 54.0% in the comparable quarter a year ago.

"We are pleased with our team's performance and operating results for the second quarter," stated Mike Lisman, TransDigm Group's CEO. "Total revenue continued ahead of our expectations with double-digit growth across all three of our major market channels compared to the prior year's second quarter. Commercial aftermarket exhibited the highest growth across our three end markets, driven by our commercial transport segment growing 16% in the quarter. Commercial OEM market revenue increased in the double digits on a percentage basis as we continued supporting higher build rates at the OEMs. Our reported EBITDA As Defined margin for the quarter was 52.6%. Adjusting for acquisition dilution, the EBITDA margins of our base businesses improved nicely on a year over year basis and in line with our expectations. The team continues to execute our value drivers.

Shortly after the quarter ended, we completed the acquisitions of the previously announced Jet Parts Engineering and Victor Sierra businesses for $2.2 billion. We are excited to have them as part of TransDigm. Additionally, during the second quarter and continuing into the first week of April, we returned $800 million of capital to our shareholders through share repurchases, bringing the total amount of share repurchases in the fiscal year to date to approximately $905 million.

As we look ahead to the remainder of fiscal 2026, we have significant liquidity and financial flexibility to address any likely range of capital requirements and remain highly focused on our capital allocation.

As always, we remain committed to our operating strategy and the TransDigm value drivers. We look forward to the opportunity to continue creating value for our shareholders through the second half of fiscal 2026."

Acquisition Activity

Subsequent to the quarter, on April 7, 2026, TransDigm completed the acquisition of Jet Parts Engineering  and Victor Sierra for $2.2 billion in cash. Jet Parts Engineering is a leading independent designer and manufacturer of aerospace aftermarket solutions, primarily proprietary OEM-alternative parts and repairs. Victor Sierra is a leading designer, manufacturer, and distributor of proprietary PMA and other aftermarket parts serving the commercial aerospace end market — primarily the general aviation and business aviation sectors.

As previously announced on December 31, 2025, TransDigm has entered into a definitive agreement to acquire Stellant Systems, Inc. from Arlington Capital Partners for approximately $960 million in cash. Stellant is a leading global designer and manufacturer of high-power electronic components and subsystems serving the aerospace and defense end market.

Financing Activity

During the quarter, on February 13, 2026, TransDigm successfully completed a private offering of $1.2 billion of 6.125% Senior Subordinated Notes maturing July 31, 2034 along with $0.8 billion of new Tranche N term loans maturing on February 13, 2033. TransDigm used the net proceeds from the offering, plus cash on hand, to fund the acquisition of Jet Parts Engineering and Victor Sierra which closed on April 7, 2026.

Subsequent to the quarter, on April 17, 2026, TransDigm completed an incremental debt offering of $1.5 billion of new debt consisting of an additional $0.5 billion of 6.125% Senior Subordinated Notes maturing July 31, 2034 and $1.0 billion of additional Tranche N term loans maturing February 13, 2033.

Share Repurchase Activity

During the second quarter of fiscal 2026, TransDigm repurchased 602,070 shares of its common stock at an average price per share of $1,201 for a total amount of $723 million. For the twenty-six week period ended March 28, 2026, TransDigm repurchased 687,282 shares of its common stock at an average price per share of $1,207 for a total amount of $829 million.

Subsequent to the quarter-end, TransDigm repurchased an additional 66,537 shares at an average price per share of $1,139 for a total amount of approximately $76 million. The total stock repurchases year-to-date is $905 million.

Year-to-Date Results

Net sales for the twenty-six week period ended March 28, 2026 increased 16.2%, or $672 million, to $4,828 million from $4,156 million in the comparable period a year ago. Organic sales growth as a percentage of net sales for fiscal 2026 was 9.3%.

Net income for the twenty-six week period ended March 28, 2026 increased $9 million, or 0.9%, to $981 million from $972 million in the comparable period a year ago. The increase in net income primarily reflects the increase in net sales described above, the application of our value-driven operating strategy, and lower non-cash stock and deferred compensation expense. The increase was mostly offset by higher interest expense and income tax expense.

GAAP earnings per share were reduced for the twenty-six week periods ended March 28, 2026 and March 29, 2025 by $1.02 per share and $0.83 per share, respectively, as a result of dividend equivalent payments made during each year. As a reminder, GAAP earnings per share are reduced when TransDigm makes dividend equivalent payments pursuant to its stock option plans. These dividend equivalent payments are made during TransDigm's first fiscal quarter each year and also upon payment of any special dividends.

Adjusted net income for the twenty-six week period ended March 28, 2026 increased 6.8% to $1,053 million, or $18.09 per share, from $986 million, or $16.94 per share, in the comparable period a year ago.

EBITDA for the twenty-six week period ended March 28, 2026 increased 11.9% to $2,436 million from $2,176 million for the comparable period a year ago. EBITDA As Defined for the period increased 13.9% to $2,534 million compared with $2,224 million in the comparable period a year ago. EBITDA As Defined as a percentage of net sales for the period was 52.5% compared with 53.5% in the comparable period a year ago.

Please see the attached tables for a reconciliation of net income to EBITDA, EBITDA As Defined, and adjusted net income; a reconciliation of net cash provided by operating activities to EBITDA and EBITDA As Defined; and a reconciliation of earnings per share to adjusted earnings per share for the periods discussed in this press release.

Fiscal 2026 Outlook

Mr. Lisman stated, "We are pleased to once again raise our full year fiscal 2026 financial guidance to reflect our strong second quarter performance and incorporate the recently closed acquisition of Jet Parts Engineering and Victor Sierra. At the mid-point, we are increasing guidance for sales by $420 million, EBITDA As Defined guidance by $210 million, and adjusted EPS by $1.14. The large majority of this guidance increase is coming from stronger than expected performance in our base business, with a smaller amount of the increase derived from the inclusion of the recent acquisitions.

While increasing full-year guidance, we recognize there is uncertainty in the broader aerospace environment which, depending on the duration, may impact our markets, specifically commercial aftermarket. Based on the strong performance to date as well as our near-term outlook, we shifted our market channel guidance upward. This guidance excludes any contribution from the pending acquisition of Stellant.

The current environment is very dynamic and we will continue to monitor the markets closely as the year progresses."

TransDigm now expects fiscal 2026 financial guidance to be as follows:

Net sales are anticipated to be in the range of $10,300 million to $10,420 million compared with $8,831 million in fiscal 2025, an increase of 17.3% at the midpoint (an increase of $420 million at the midpoint from prior guidance); Net income is anticipated to be in the range of $2,026 million to $2,106 million compared with $2,074 million in fiscal 2025, a decrease of 0.4% at the midpoint primarily due to additional interest expense relating to the financing activities completed during the fourth quarter of fiscal 2025 and the second quarter of fiscal 2026 (an increase of $58 million at the midpoint from prior guidance); Earnings per share is expected to be in the range of $33.91 to $35.29 per share based upon weighted average shares outstanding of 58.0 million shares, compared with $32.08 per share in fiscal 2025, which is an increase of 7.9% at the midpoint (an increase of $1.17 per share at the midpoint from prior guidance); EBITDA As Defined is anticipated to be in the range of $5,370 million to $5,470 million compared with $4,760 million in fiscal 2025, an increase of 13.9% at the midpoint (an increase of $210 million at the midpoint from prior guidance and corresponding to an EBITDA As Defined margin guide of approximately 52.3% for fiscal 2026); Adjusted earnings per share is expected to be in the range of $38.83 to $40.21 per share compared with $37.33 per share in fiscal 2025, an increase of 5.9% at the midpoint compared to prior year (an increase of $1.14 per share at the midpoint from prior guidance); and  Fiscal 2026 outlook is based on the following market growth assumptions: Commercial OEM revenue growth in the low double-digit to mid-teens percentage range; Commercial aftermarket revenue growth in the high single-digit to low double-digit percentage range; and Defense revenue growth in the high single-digit percentage range. Please see the attached Table 6 for a reconciliation of EBITDA, EBITDA As Defined to net income and reported earnings per share to adjusted earnings per share guidance midpoint estimated for the fiscal year ending September 30, 2026. Additionally, please see attached Table 7 for comparison of the current fiscal year 2026 guidance versus the previously issued fiscal year 2026 guidance.

Earnings Conference Call

TransDigm Group will host a conference call for investors and security analysts on May 5, 2026, beginning at 11:00 a.m., Eastern Time. To join the call telephonically, please register for the call at https://register-conf.media-server.com/register/BI680a67e1f8be4f1d8817836c561ed39f . Once registered, participants will receive the dial-in information and a unique pin to access the call. The dial-in information and unique pin will be sent to the email used to register for the call. The unique pin is exclusive to the registrant and can only be used by one person at a time. A live audio webcast of the call can also be accessed online at https://www.transdigm.com. A slide presentation will also be available for reference during the conference call; go to the investor relations page of our website and click on "Presentations."

The call will be archived on the website and available for replay at approximately 2:00 p.m., Eastern Time.

About TransDigm Group

TransDigm Group, through its wholly-owned subsidiaries, is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, engineered latching and locking devices, engineered rods, engineered connectors and elastomer sealing solutions, databus and power controls, cockpit security components and systems, specialized and advanced cockpit displays, engineered audio, radio and antenna systems, specialized lavatory components, seat belts and safety restraints, engineered and customized interior surfaces and related components, advanced sensor products, switches and relay panels, thermal protection and insulation, lighting and control technology, parachutes, high performance hoists, winches and lifting devices, and cargo loading, handling and delivery systems, specialized flight, wind tunnel and jet engine testing services and equipment, electronic components used in the generation, amplification, transmission and reception of microwave signals, and complex testing and instrumentation solutions.

Non-GAAP Supplemental Information

EBITDA, EBITDA As Defined, EBITDA As Defined margin, adjusted net income and adjusted earnings per share are non-GAAP financial measures presented in this press release as supplemental disclosures to net income and reported results. TransDigm Group defines EBITDA as earnings before interest, taxes, depreciation and amortization and defines EBITDA As Defined as EBITDA plus certain non-operating items recorded as corporate expenses, including non-cash compensation charges incurred in connection with TransDigm Group's stock option or deferred compensation plans, foreign currency gains and losses, acquisition-integration costs, acquisition transaction-related expenses, and refinancing costs. Acquisition transaction and integration-related expenses represent costs incurred to integrate acquired businesses into our operations; facility relocation costs and other acquisition-related costs; transaction and valuation-related costs for acquisitions comprising deal fees, legal, financial and tax due diligence expenses; and amortization expense of inventory step-up recorded in connection with the purchase accounting of acquired businesses. TransDigm Group defines adjusted net income as net income plus purchase accounting backlog amortization expense, effects from the sale on businesses, non-cash compensation charges incurred in connection with TransDigm Group's stock option or deferred compensation plans, foreign currency gains and losses, acquisition-integration costs, acquisition transaction-related expenses, and refinancing costs. EBITDA As Defined margin represents EBITDA As Defined as a percentage of net sales. TransDigm Group defines adjusted diluted earnings per share as adjusted net income divided by the total outstanding shares for basic and diluted earnings per share. For more information regarding the computation of EBITDA, EBITDA As Defined, adjusted net income and adjusted earnings per share, please see the attached financial tables.

TransDigm Group presents these non-GAAP financial measures because it believes that they are useful indicators of its operating performance. TransDigm Group believes that EBITDA is useful to investors because it is frequently used by securities analysts, investors and other interested parties to measure operating performance among companies with different capital structures, effective tax rates and tax attributes, capitalized asset values and employee compensation structures, all of which can vary substantially from company to company. In addition, analysts, rating agencies and others use EBITDA to evaluate a company's ability to incur and service debt. EBITDA As Defined is used to measure TransDigm Inc.'s compliance with the financial covenant contained in its credit facility. TransDigm Group's management also uses EBITDA As Defined to review and assess its operating performance, to prepare its annual budget and financial projections and to review and evaluate its management team in connection with employee incentive programs. Moreover, TransDigm Group's management uses EBITDA As Defined to evaluate acquisitions and as a liquidity measure. In addition, TransDigm Group's management uses adjusted net income as a measure of comparable operating performance between time periods and among companies as it is reflective of changes in pricing decisions, cost controls and other factors that affect operating performance.

None of EBITDA, EBITDA As Defined, EBITDA As Defined margin, adjusted net income or adjusted earnings per share is a measurement of financial performance under U.S. GAAP and such financial measures should not be considered as an alternative to net income, operating income, earnings per share, cash flows from operating activities or other measures of performance determined in accordance with U.S. GAAP. In addition, TransDigm Group's calculation of these non-GAAP financial measures may not be comparable to the calculation of similarly titled measures reported by other companies.

Although we use EBITDA and EBITDA As Defined as measures to assess the performance of our business and for the other purposes set forth above, the use of these non-GAAP financial measures as analytical tools has limitations, and you should not consider any of them in isolation, or as a substitute for analysis of our results of operations as reported in accordance with U.S. GAAP. Some of these limitations are:

neither EBITDA nor EBITDA As Defined reflects the significant interest expense, or the cash requirements, necessary to service interest payments on our indebtedness; although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and neither EBITDA nor EBITDA As Defined reflects any cash requirements for such replacements; the omission of the substantial amortization expense associated with our intangible assets further limits the usefulness of EBITDA and EBITDA As Defined; neither EBITDA nor EBITDA As Defined includes the payment of taxes, which is a necessary element of our operations; and EBITDA As Defined excludes the cash expense we have incurred to integrate acquired businesses into our operations, which is a necessary element of certain of our acquisitions. Forward-Looking Statements

Statements in this press release that are not historical facts, including statements under the heading "Fiscal 2026 Outlook," are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "may," "will," "should," "expect," "intend," "plan," "predict," "anticipate," "estimate," or "continue" and other words and terms of similar meaning may identify forward-looking statements.

All forward-looking statements involve risks and uncertainties that could cause TransDigm Group's actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, TransDigm Group. These risks and uncertainties include but are not limited to: the sensitivity of our business to the number of flight hours that our customers' planes spend aloft and our customers' profitability, both of which are affected by general economic conditions; supply chain constraints; increases in raw material costs, taxes and labor costs that cannot be recovered in product pricing; failure to complete or successfully integrate acquisitions; our indebtedness; current and future geopolitical or other worldwide events, including, without limitation, wars or conflicts and public health crises; cybersecurity threats; risks related to the transition or physical impacts of climate change and other natural disasters or meeting regulatory requirements; our reliance on certain customers; the United States ("U.S.") defense budget and risks associated with being a government supplier including government audits and investigations; failure to maintain government or industry approvals; risks related to changes in laws and regulations, including increases in compliance costs and potential changes in trade policies and tariffs; potential environmental liabilities; liabilities arising in connection with litigation; risks and costs associated with our international sales and operations; and other factors. Further information regarding the important factors that could cause actual results to differ materially from projected results can be found in TransDigm Group's most recent Annual Report on Form 10-K and other reports that TransDigm Group or its subsidiaries have filed with the Securities and Exchange Commission. Except as required by law, TransDigm Group undertakes no obligation to revise or update the forward-looking statements contained in this press release.

TRANSDIGM GROUP INCORPORATED

CONSOLIDATED STATEMENTS OF INCOME

FOR THE THIRTEEN AND TWENTY-SIX WEEK PERIODS ENDED

Table 1

MARCH 28, 2026 AND MARCH 29, 2025

(Amounts in millions, except per share amounts)

(Unaudited)

Thirteen Week Periods Ended

Twenty-Six Week Periods Ended

March 28, 2026

March 29, 2025

March 28, 2026

March 29, 2025

NET SALES

$            2,544

$            2,150

$            4,828

$            4,156

COST OF SALES

1,033

876

1,965

1,647

GROSS PROFIT

1,511

1,274

2,863

2,509

SELLING AND ADMINISTRATIVE EXPENSES

273

236

527

447

AMORTIZATION OF INTANGIBLE ASSETS

60

47

116

97

INCOME FROM OPERATIONS

1,178

991

2,220

1,965

INTEREST EXPENSE—NET

484

378

959

756

OTHER INCOME

(6)

(9)

(11)

(32)

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

700

622

1,272

1,241

INCOME TAX PROVISION

164

143

291

269

NET INCOME

536

479

981

972

LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS

(1)

—

(1)

—

NET INCOME ATTRIBUTABLE TO TD GROUP

$               535

$               479

$               980

$               972

NET INCOME APPLICABLE TO TD GROUP COMMON STOCKHOLDERS

$               535

$               479

$               921

$               923

Earnings per share attributable to TD Group common stockholders:

Earnings per share—Basic and diluted

$              9.20

$              8.24

$            15.82

$            15.86

Weighted-average shares outstanding:

Basic and diluted

58.2

58.1

58.2

58.2

TRANSDIGM GROUP INCORPORATED

SUPPLEMENTAL INFORMATION - RECONCILIATION OF

EBITDA, EBITDA AS DEFINED TO NET INCOME

FOR THE THIRTEEN AND TWENTY-SIX WEEK PERIODS ENDED

Table 2

MARCH 28, 2026 AND MARCH 29, 2025

(Amounts in millions, except per share amounts)

(Unaudited)

Thirteen Week Periods Ended

Twenty-Six Week Periods Ended

March 28, 2026

March 29, 2025

March 28, 2026

March 29, 2025

Net Income

$            536

$            479

$            981

$            972

Adjustments:

Depreciation and amortization expense

105

89

205

179

Interest expense-net

484

378

959

756

Income tax provision

164

143

291

269

EBITDA

1,289

$         1,089

2,436

2,176

Adjustments:

Acquisition transaction and integration-related expenses (1)

19

9

31

22

Non-cash stock and deferred compensation expense (2)

26

48

53

73

Other, net (3)

3

16

14

(47)

Gross Adjustments to EBITDA

48

73

98

48

EBITDA As Defined

$         1,337

$         1,162

$         2,534

$         2,224

EBITDA As Defined Margin (4)

52.6 %

54.0 %

52.5 %

53.5 %

____________________

(1)

Represents costs incurred to integrate acquired businesses into our operations; facility relocation costs and other acquisition-related costs; transaction and valuation-related costs for acquisitions comprising deal fees, legal, financial and tax due diligence expenses; and amortization expense of inventory step-up recorded in connection with the purchase accounting of acquired businesses.

(2)

Represents the compensation expense recognized under our stock option plans and deferred compensation plans.

(3)

Primarily represents foreign currency transaction gains or losses, payroll withholding taxes related to dividend equivalent payments and stock option exercises, non-service related pension costs, deferred compensation payments and other miscellaneous income or expense, such as gain on sale of business.

(4)

The EBITDA As Defined Margin represents the amount of EBITDA As Defined as a percentage of net sales.

TRANSDIGM GROUP INCORPORATED

SUPPLEMENTAL INFORMATION - RECONCILIATION OF REPORTED

EARNINGS PER SHARE TO ADJUSTED EARNINGS PER SHARE

FOR THE THIRTEEN AND TWENTY-SIX WEEK PERIODS ENDED

Table 3

MARCH 28, 2026 AND MARCH 29, 2025

(Amounts in millions, except per share amounts)

(Unaudited)

Thirteen Week Periods Ended

Twenty-Six Week Periods Ended

March 28, 2026

March 29, 2025

March 28, 2026

March 29, 2025

Reported Earnings Per Share

Net income

$                536

$                479

$                981

$                972

Less: Net income attributable to noncontrolling interests

(1)

—

(1)

—

Net income attributable to TD Group

535

479

980

972

Less: Dividends paid on participating securities

—

—

(59)

(49)

Net income applicable to TD Group common stockholders—basic and diluted

$                535

$                479

$                921

$                923

Weighted-average shares outstanding under the two-class method

Weighted-average common shares outstanding

56.4

56.1

56.4

56.2

Vested options deemed participating securities

1.8

2.0

1.8

2.0

Total shares for basic and diluted earnings per share

58.2

58.1

58.2

58.2

Earnings per share—basic and diluted

$               9.20

$               8.24

$             15.82

$             15.86

Adjusted Earnings Per Share

Net income

$                536

$                479

$                981

$                972

Gross Adjustments to EBITDA

48

73

98

48

Purchase Accounting Backlog Amortization

8

2

16

8

Tax adjustment (1)

(18)

(25)

(42)

(42)

Adjusted net income

$                574

$                529

$             1,053

$                986

Adjusted diluted earnings per share under the two-class method

$               9.85

$               9.11

$             18.09

$             16.94

Diluted Earnings Per Share to Adjusted Earnings Per Share

Diluted earnings per share from net income attributable to TD Group

$               9.20

$               8.24

$             15.82

$             15.86

Adjustments to diluted earnings per share:

Inclusion of the dividend equivalent payments

—

—

1.02

0.83

Acquisition transaction and integration-related expenses

0.36

0.14

0.62

0.40

Non-cash stock and deferred compensation expense

0.34

0.62

0.69

0.95

Tax adjustment on income from continuing operations before taxes (1)

(0.08)

(0.11)

(0.23)

(0.48)

Other, net

0.03

0.22

0.17

(0.62)

Adjusted earnings per share

$               9.85

$               9.11

$             18.09

$             16.94

___________________

(1)

For the thirteen and twenty-six week periods ended March 28, 2026 and March 29, 2025, the Tax adjustment represents the tax effect of the adjustments at the applicable effective tax rate, as well as the impact on the effective tax rate when excluding the excess tax benefits on stock option exercises. Stock compensation expense is excluded from adjusted net income and therefore we have excluded the impact that the excess tax benefits on stock option exercises have on the effective tax rate for determining adjusted net income.

TRANSDIGM GROUP INCORPORATED

SUPPLEMENTAL INFORMATION - RECONCILIATION OF NET CASH

PROVIDED BY OPERATING ACTIVITIES TO EBITDA, EBITDA AS DEFINED

FOR THE TWENTY-SIX WEEK PERIODS ENDED

Table 4

MARCH 28, 2026 AND MARCH 29, 2025

(Amounts in millions)

(Unaudited)

Twenty-Six Week Periods Ended

March 28, 2026

March 29, 2025

Net cash provided by operating activities

$               967

$               900

Adjustments:

Changes in assets and liabilities, net of effects from acquisitions and sales of businesses

294

322

Interest expense-net (1)

936

737

Income tax provision-current

292

271

Gain on sale of businesses, net

—

19

Non-cash stock and deferred compensation expense (2)

(53)

(73)

EBITDA

2,436

2,176

Adjustments:

Acquisition transaction and integration-related expenses (3)

31

22

Non-cash stock and deferred compensation expense (2)

53

73

Other, net (4)

14

(47)

EBITDA As Defined

$            2,534

$            2,224

______________________

(1)

Represents interest expense, net of interest income, excluding the amortization of debt issuance costs and discount on debt.

(2)

Represents the compensation expense recognized under our stock option plans and deferred compensation plans.

(3)

Represents costs incurred to integrate acquired businesses into our operations; facility relocation costs and other acquisition-related costs; transaction and valuation-related costs for acquisitions comprising deal fees, legal, financial and tax due diligence expenses; and amortization expense of inventory step-up recorded in connection with the purchase accounting of acquired businesses.

(4)

Primarily represents foreign currency transaction gains or losses, payroll withholding taxes related to dividend equivalent payments and stock option exercises, non-service related pension costs, deferred compensation payments and other miscellaneous income or expense, such as gain on sale of business.

TRANSDIGM GROUP INCORPORATED

SUPPLEMENTAL INFORMATION - BALANCE SHEET DATA

Table 5

(Amounts in millions)

(Unaudited)

March 28, 2026

September 30, 2025

Cash and cash equivalents

$                 3,884

$                 2,808

Trade accounts receivable—Net

1,720

1,617

Inventories—Net

2,400

2,095

Current portion of long-term debt

129

124

Short-term borrowings—trade receivable securitization facility

724

724

Accounts payable

425

368

Accrued and other current liabilities

1,162

966

Long-term debt

31,150

29,167

Total TD Group stockholders' deficit

(9,402)

(9,686)

TRANSDIGM GROUP INCORPORATED

SUPPLEMENTAL INFORMATION - RECONCILIATION OF EBITDA,

EBITDA AS DEFINED TO NET INCOME AND REPORTED EARNINGS PER

SHARE TO ADJUSTED EARNINGS PER SHARE GUIDANCE MIDPOINT

FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2026

Table 6

(Amounts in millions, except per share amounts)

(Unaudited)

GUIDANCE MIDPOINT

Fiscal Year Ended September 30, 2026

Net Income

$                                2,066

Adjustments:

Depreciation and amortization expense

438

Interest expense-net

2,020

Income tax provision

635

EBITDA

5,159

Adjustments:

Acquisition transaction and integration-related expenses (1)

70

Non-cash stock and deferred compensation expense (1)

170

Other, net (1)

21

Gross Adjustments to EBITDA

261

EBITDA As Defined

$                                5,420

EBITDA As Defined Margin (1)

52.3 %

Earnings per share

$                                34.60

Adjustments to earnings per share:

Inclusion of the dividend equivalent payments

1.02

Acquisition transaction and integration-related expenses

1.42

Non-cash stock and deferred compensation expense

2.23

Other, net

0.25

Adjusted earnings per share

$                                39.52

Weighted-average shares outstanding

58.0

___________________

(1)

Refer to Table 2 above for definitions of Non-GAAP measurement adjustments.

TRANSDIGM GROUP INCORPORATED

SUPPLEMENTAL INFORMATION

CURRENT FISCAL YEAR 2026 GUIDANCE VERSUS

PRIOR FISCAL YEAR 2026 GUIDANCE

Table 7

(Amounts in millions, except per share amounts)

(Unaudited)

Current

Fiscal Year 2026
Guidance Issued
May 5, 2026

Prior

Fiscal Year 2026
Guidance Issued
February 3, 2026

Change at
Midpoint

Net Sales

$10,300 to $10,420

$9,845 to $10,035

$420

GAAP Net Income

$2,026 to $2,106

$1,952 to $2,064

$58

GAAP Earnings Per Share

$33.91 to $35.29

$32.47 to $34.39

$1.17

EBITDA As Defined

$5,370 to $5,470

$5,140 to $5,280

$210

Adjusted Earnings Per Share

$38.83 to $40.21

$37.42 to $39.34

$1.14

Weighted-Average Shares Outstanding

58.0

58.3

(0.3)

SOURCE TransDigm Group Inc.

TransDigm Group Incorporated (TDG) Q2 2026 Earnings Call Transcript

TransDigm Group (TDG - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.

A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.

Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.

As such, the Zacks rating upgrade for TransDigm is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for TransDigm imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for TransDigmThis aircraft components maker is expected to earn $39.83 per share for the fiscal year ending September 2026, which represents no year-over-year change.

Analysts have been steadily raising their estimates for TransDigm. Over the past three months, the Zacks Consensus Estimate for the company has increased 3.9%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of TransDigm to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

On May 28, 2026, we delve into the DCF analysis for TransDigm Group Inc (TDG), a company that has seen varied price performance recently. Over the past week, TD

It has been about a month since the last earnings report for TransDigm Group (TDG - Free Report) . Shares have lost about 1.8% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is TransDigm due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts.

TransDigm's Q2 Earnings Surpass Estimates, Sales Increase Y/Y

TransDigm Group Incorporated reported second-quarter fiscal 2026 adjusted earnings of $9.85 per share, which topped the Zacks Consensus Estimate of $9.32 by 5.7%. The bottom line also improved 8% from the prior-year quarter’s figure of $9.11.

The company reported GAAP earnings of $9.20 per share compared with $8.24 in the year-ago quarter.

TransDigm’s Q2 Sales DiscussionSales amounted to $2.54 billion, up 18% from $2.15 billion registered in the prior-year period. The reported figure also topped the Zacks Consensus Estimate of $2.42 billion by 4.9%.

Organic sales, as a percentage of net sales, grew 11%.

TDG’s Operating ResultsThe gross profit was $1.51 billion, up 18.6% from the year-ago quarter’s level of $1.27 billion.

TDG’s interest expenses increased 28% year over year to $484 million.

Net income increased 11.9% year over year to $536 million.

During the fiscal second quarter of 2026, TDG repurchased 602,070 shares of its common stock at an average price per share of $1,201 for a total amount of $723 million. For the 26 week period ended March 28, 2026, the company repurchased 687,282 shares of its common stock at an average price per share of $1,207 for a total amount of $829 million.

TransDigm’s Financial PositionCash and cash equivalents as of March 28, 2026, amounted to $3.89 billion, up from $2.81 billion recorded as of Sept. 30, 2025.

Long-term debt as of March 28, 2026, totaled $31.15 billion, up from $29.2 billion as of Sept. 30, 2025.

Cash from operating activities amounted to $967 million compared with $900 million in the year-ago period.

TDG’s 2026 GuidanceThe company now expects its net sales to be in the range of $10.300-$10.420 billion compared with the previous guidance of $9.845-$10.035 billion. The Zacks Consensus Estimate is pegged at $10.04 billion, which is lower than the company’s newly guided range.

TDG expects fiscal 2026 adjusted earnings to be in the band of $38.83-$40.21 per share compared with its previous guidance of $37.42-$39.34 per share. The Zacks Consensus Estimate for fiscal 2026 earnings is pegged at $39.15 per share, higher than the midpoint of the company’s revised guided range.

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in estimates review.

VGM ScoresCurrently, TransDigm has a subpar Growth Score of D, however its Momentum Score is doing a lot better with a B. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, TransDigm has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

States and the federal government may be battling over who has the power to regulate prediction markets, but the companies building them are chugging along as the platforms continue to experience huge growth.

The Commodity Futures Trading Commission and six states across the country are in lawsuits over who has the jurisdiction to develop regulations on event contracts. Seventeen states in total are challenging companies with prediction markets — like Kalshi, Polymarket, Coinbase and Robinhood — and one has moved to ban them entirely. 

States are arguing that they have the ability to regulate these platforms due to their sports businesses, which they say are equivalent to gambling. Sports event contracts make up the majority of volume on prediction markets. However, the CFTC argues its right to regulate swaps and derivatives places all of these contracts under its jurisdiction. 

Congress is also stepping in with its own plans. House Oversight and Government Reform Committee Chairman James Comer told CNBC's "Squawk Box" on Friday that he is seeking information from Kalshi and Polymarket's CEOs on their internal efforts to regulate insider trading.

But legal uncertainty isn't halting the confidence to invest in growing these platforms, based on comments from private companies' leadership and private ones' valuations. 

"There's a lot of noise around the legal position-setting prediction markets," said Flutter Entertainment CEO Jeremy Peter Jackson in its earnings call earlier this month. Flutter owns FanDuel Predicts. "Until we get through and understand ultimately what the Supreme Court says, I think we're going to live with this uncertainty."

Jackson said his company will continue to invest in market-making on third-party prediction market platforms, a new strategy it unveiled in its last earnings report, despite the legal questions.

DraftKings CEO Jason Robins said on a May earnings call that he sees the investment in the company's prediction market platform as a long-term one. 

"Obviously, there's always the chance that something regulatory wise or other changes, but assuming a consistent environment to what we see today, I expect that we'll continue to invest in 2027."

Legal questions aren't slowing down private company growth either. Kalshi said its valuation is now $22 billion after a recently announced funding round, rising from $11 billion in December. Polymarket's reportedly $15 billion valuation is up from $9 billion in October. 

Terrence Duffy, CME Group CEO — which helped develop FanDuel Predicts — said on an earnings call last month that while the legal fuss is over sports, other event contracts like on economics, politics and financial predictions are under less scrutiny. That's why he thinks they're growing. Bernstein estimates sports contracts will make up only about 30% of volumes by 2030. 

While he disagrees with the states, Robinhood CEO Vlad Tenev said he understands their frustrations. 

"I would love it if the states didn't have concerns, but it's also … not irrational, right?" he said on Robinhood's April earnings call. "This is a jurisdictional dispute … and this is something that'll play out in the coming years."

Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.

DraftKings (DKNG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

NEW YORK, June 04, 2026 (GLOBE NEWSWIRE) -- NEXTPredict.io, a leading media and conference organization, and host of NEXTPredict NYC, announced today that Jason Robins, co-founder and CEO of DraftKings, will join the speaker lineup for its inaugural event, taking place Oct. 22–23 at Hudson Yards.

As CEO of DraftKings, Robins has played a leading role in the evolution of regulated event-based trading and sports betting in the United States. His participation adds an operator perspective to discussions around market structure, liquidity, user adoption and the role consumer platforms may play as prediction markets continue to grow in popularity.

“Prediction markets are entering a pivotal stage of growth as finance, media and technology continue to converge around the same core infrastructure,” Robins said. “We’re seeing real-time markets become a much larger part of how people consume information, assess probability and engage with major events. As regulatory conversations continue to evolve nationally and globally, the opportunity for these markets to become more accessible and mainstream is maturing rapidly. The leaders in this room will play an important role in shaping how the category evolves over the next decade.”

Robins joins a growing speaker lineup that includes senior leaders from Blackstone, Bloomberg Intelligence, Bank of America and CNBC, further positioning NEXTPredict NYC as a gathering place for executives operating at the intersection of finance, forecasting and emerging market infrastructure. The summit will bring together more than 2,500 operators, market makers, regulators, vendors, media executives and infrastructure providers for two days of discussions centered on regulation, liquidity, infrastructure and the future of market-based forecasting.

“Jason brings one of the most influential operator perspectives in the industry,” said Pierre Lindh, co-founder and managing director of NEXTPredict. “As prediction markets move further into the mainstream, the platforms building liquidity, trust and user adoption will help shape the future of the category. Having that perspective represented at the event is important.”

The agenda will focus on the forces shaping the prediction markets ecosystem, including regulation, liquidity, market infrastructure, institutional capital flows, forecasting applications and the role of media in distributing market signals.

NEXTPredict NYC will take place weeks before the 2026 U.S. midterm elections, a period expected to increase activity across political, economic and global event markets.

ABOUT NEXTPREDICT
NEXTPredict is a media and events platform dedicated exclusively to the global prediction markets industry. Launched by the team behind NEXT.io, NEXTPredict delivers independent news, analysis, and convenings focused on the intersection of forecasting, finance, technology, and public policy. Its flagship event, The World’s Prediction Markets Summit, will take place October 22–23, 2026, at Convene, Hudson Yards in New York City, bringing together founders, executives, investors, and policymakers. As prediction markets continue to move into the mainstream, the summit is designed to explore the future of market-based forecasting, with sessions focused on regulation, liquidity, infrastructure, product development, and capital flows.

Media Contact:
Sterling Randle
Digital Sport Hot Paper Lantern for NEXTPredict.io
[email protected]

The question in our headline has a short answer based on our proprietary model: probably not in 2026. But the longer answer is more interesting, because the bull case scenario for DraftKings (NASDAQ:DKNG | DKNG Price Prediction) does get close to doubling within 12 months, and DKNG’s Predictions launch could reset the entire valuation conversation before year-end.

Our 24/7 Wall St. price target for DraftKings is $26.64, implying a modest 5.3% upside from the $25.30 close on June 2, 2026. The recommendation is buy, with a high 90% confidence score driven by strong analyst consensus and accelerating earnings.

24/7 Wall St. Price Target Summary Metric Value Current Price $25.30 24/7 Wall St. Price Target $26.64 Upside +5.3% Recommendation BUY Confidence Level 90% A Brutal Year, a Quiet Recovery DKNG has been punished. Shares are down 26.58% year to date and 24.99% over the past year, sliding from a 52-week high of $48.78 to a low of $20.46. But the tape is turning: DKNG is up 10% over the past month.

Q1 2026 captures the contradiction. Revenue of $1.65 billion beat by 4.54%, Adjusted EBITDA jumped 64% to $167.85 million, and GAAP net income hit $21.07 million. Yet EPS of $0.20 missed the $0.3591 consensus by 44.31%, reflecting heavy Predictions investment.

Why Bulls See $48 Ahead The bull thesis is straightforward. Our bull case 1-year scenario projects $48.25, a 90.73% return that nearly doubles the stock. Analyst consensus sits at $34.71, with 23 Buy and 5 Strong Buy ratings.

The Predictions launch is the wildcard. CEO Jason Robins said, “profitability is inflecting. That gives us the firepower to press our advantage in Predictions… We intend to establish a leadership position in Sports Predictions before year-end.”

Morningstar’s Dan Wasiolek called prediction markets “an attractive opportunity on top of the core business”. Add a buyback authorization, Missouri mobile launch, and sportsbook net revenue margin expansion to 7.8%, and the path to a higher valuation becomes credible. UBS analyst Robin Farley raised the price target on DraftKings Inc. to $49 while maintaining a Buy rating.

What Could Go Wrong The bear case worries me more than the bulls admit. Monthly Unique Payers fell 4% YoY, operating cash flow was negative $48.4 million, and DKNG faces two class action lawsuits alleging addictive product design. Insiders have leaned net seller, including Director Levin Woodrow’s 34,234 share sale at $25.71.

To be fair, the cash flow drag reflects deliberate Predictions investment in a new growth initiative. ARPMUP rose 21% to $131, which means fewer but more valuable users. Still, our bear case scenario lands at $24.17, a 4.46% drawdown.

Weighing the Setup The 24/7 Wall St. price target is $26.64 with a buy recommendation and 90% confidence. DKNG will not double in 2026 in our base case, but the risk/reward remains asymmetric relative to the bull and bear scenarios above.

The setup looks constructive if Predictions launches on time and MUPs reaccelerate by Q3. The thesis weakens if MUP declines worsen or another addiction lawsuit gains traction.

DraftKings Price Prediction 2026-2030 Year 24/7 Wall St. Price Target 2026 $26.64 2030 $32.50 These projections assume DraftKings continues executing on its current strategy. Significant upside (toward the bull case $111.82 2031 target) could result from a successful Predictions launch and iGaming legalization in major states.

DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced that Jason Robins, the Company’s Chief Executive Officer and Co-founder, will participate in the following event:

The 2026 Nasdaq Investor Conference in Association with Jefferies. The fireside chat is scheduled for 11:00AM BST (6:00AM EDT) on June 10, 2026. Registration and the live audio portion of the Nasdaq Investor Conference can be accessed at DraftKings’ Investor Relations website.

About DraftKings
DraftKings Inc. is a digital sports and gaming company created to be the Ultimate Host and fuel the competitive spirit of sports fans with platforms that range across daily fantasy, regulated gaming, prediction markets and digital media. Headquartered in Boston and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings’ mission is to make life more exciting by responsibly creating the world’s favorite real-money games, betting experiences and event contracts trading. DraftKings Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 30 states, Washington, D.C., Puerto Rico, and Ontario, Canada. The Company operates iGaming pursuant to regulations in five states and in Ontario, Canada under its DraftKings brand and pursuant to regulations in four states and in Ontario, Canada, under its Golden Nugget Online Gaming brand. DraftKings also owns Jackpocket, the leading digital lottery courier app in the United States. DraftKings’ daily fantasy sports platform is available in 44 states, Washington, D.C., and certain Canadian provinces. DraftKings' wholly-owned subsidiary GUS III LLC (d/b/a DraftKings Predictions) also operates DraftKings Predictions, offering federally regulated event contracts under CFTC oversight. DraftKings is both an official sports betting and daily fantasy partner of the NHL, PGA TOUR and WNBA, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA and an authorized gaming operator of MLB. In addition, DraftKings owns and operates DraftKings Network, a multi-platform content ecosystem. DraftKings is committed to delivering responsible engagement tools and resources, while focusing on integrity and customer education.

Forward-Looking Statements
Certain statements made in this press release are “forward looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “would,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings’ filings with the Securities and Exchange Commission. DraftKings does not undertake 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260609597322/en/

Shares of DraftKings Inc (NASDAQ:DKNG) are up 7.6% at $26.67, after the company reported strong May prediction markets growth, with annualized consumer trading volume rising 24% to $1.3 billion and total volume climbing 34% to $3.1 billion. The update highlights increasing adoption of its nationwide prediction markets platform.

Options bulls are chiming in after the news, with 50,000 calls exchanged so far today, triple the amount typically seen at this point, while just 12,000 puts have crossed the tape. The weekly 6/12 27-strike call is the most popular contract, with new positions being sold-to-open. 

These traders are in luck, as options look attractively priced at the moment. DKNG's Schaeffer's Volatility Index (SVI) of 57% sits in the 29th percentile of its annual range, while its Schaeffer's Volatility Scorecard (SVS) of 85 out of 100 indicates the stock has consistently exceeded options traders' volatility expectations during the past year.

Meanwhile, the number of shares sold short increased 7.6% over the last two reporting periods to 38.8 million, representing 8.1% of DraftKings' available float. It would take shorts three days to buy back their bearish bets, at the stock's average pace of trading.

On the charts, DKNG has been slowly moving higher since its late-March three-year lows. With today's surge, the shares look to be breaking out and above the overhead 120-day moving average for the first time since September. For 2026, the equity is down 22.7%.

DraftKings Inc. (NASDAQ:DKNG) is in focus Wednesday, a day after surging 11% on blockbuster Predictions platform metrics — even as the broader Nasdaq fell — with the FIFA World Cup kicking off tomorrow adding further fuel to the bull case.

HomeIndustriesSportsA report released just days before the start of the FIFA World Cup finds a correlation between sports betting and not having enough to eatLast Updated: June 11, 2026 at 6:38 a.m. ET
First Published: June 10, 2026 at 4:29 p.m. ET

Just as people are expected to wager $60 billion on the World Cup, which kicks off Thursday, a new research paper warns that many bettors may be gambling away their grocery money.

“Wagering the Bread Money: Sports Betting Legalization and Food Sufficiency,” published by the nonprofit National Bureau of Economic Research this week, finds a correlation between sports betting and lower food sufficiency, a measure of whether a household has enough to eat. Food insufficiency is considered more severe than food insecurity, defined as having access to food but worrying about it running out or not being nutritious enough.

NEW YORK--(BUSINESS WIRE)---- $DKNG #ARCEntertainmentGroup--TRWD reserves "ARC Entertainment Group" as it builds a multi-brand empire to roll up the $10B adult nightlife sector.

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Prospect Capital Corporation (NASDAQ:PSEC) pays a 21.7% annualized yield by sending shareholders $0.045 per share every month. That number attracts income investors the way a bright light attracts moths, but the history of this yield tells a more cautious story.

business development company lending middle market finance What PSEC Is and How It Pays You Prospect Capital is a business development company, not an ETF. BDCs lend money to mid-sized private businesses, collect interest, and distribute most of that income to shareholders. The dividend comes from net investment income: the spread between what PSEC earns on its loans and what it costs to borrow. Think of it as a leveraged lending operation that passes profits directly to you.

The current portfolio holds 91 portfolio companies with 71.4% of the book in first lien senior secured loans, the highest-priority debt in a borrower’s capital structure. That rotation toward safer collateral is deliberate. Non-accrual loans sit at just 0.7% of total assets, which is low for a BDC of this size.

The Coverage Ratio Masks a Deteriorating Trend For BDCs, net investment income per share is the right coverage metric. On that measure, the current distribution is covered. Q2 FY2026 NII came in at $0.19 per share, comfortably above the $0.135 per share in quarterly distributions. Real income covering a real payout, with margin to spare.

The problem sits beneath that line. Over the past four quarters, Prospect has recorded cumulative realized and unrealized losses of roughly $675 million. These are permanent write-downs on loans that went wrong, eroding the asset base that generates future income. A shrinking pool of earning assets means less NII down the road, even if today’s coverage ratio looks adequate.

NAV per share tells the story most clearly:

NAV has declined from $7.84 a year ago to $6.21 today. Every quarter in that span has been lower than the one before. A BDC paying out more than it earns in realized terms is gradually liquidating itself, and distributions may eventually reflect that reality.

This Yield Has Been Cut Before The 21% yield is the current yield at a depressed stock price, and the payout has already been reduced twice in roughly a decade. In 2017, the monthly distribution was cut from $0.083 to $0.06, a 28% reduction. Then in late 2024, the distribution was cut again from $0.06 to $0.045, a 25% reduction. Shareholders who held through both cuts watched their income stream shrink by nearly half from its peak.

The current 3.75% Fed funds rate adds pressure. Falling base rates compress the yield PSEC earns on its floating-rate loans. The annualized portfolio yield has already dropped from 9.7% to 9.1% year-over-year, and PIK interest income fell from $33.1 million to $15.4 million in the same period. That is a meaningful compression in earning power.

One Reason for Cautious Optimism COO M. Grier Eliasek purchased 942,800 shares at almost $2.92 in February 2026, an open-market buy totaling roughly $2.75 million. Insiders do not typically spend that kind of money on a stock they expect to collapse. Insiders own 27.5% of the company, so management’s interests are genuinely aligned with shareholders. The $300 million debt maturity in November 2026 is the next real test: if Prospect refinances cleanly in a lower-rate environment, near-term distribution risk recedes.

The Verdict The distribution is technically covered by NII today, but the structural backdrop is deteriorating. Shares have fallen 26% over the past year, meaning investors collecting a 21% yield have still lost ground on a total return basis. NAV erosion, two dividend cuts in eight years, and a shrinking portfolio all point in the same direction. This yield is probably unsustainable at its current level over a multi-year horizon, particularly if base rates continue falling and realized losses persist. Income investors who need capital stability should approach with serious caution. The current discount to NAV of $6.21 is notable context, but only meaningful alongside a clear view of what the history here actually shows.

GraniteShares Advisors LLC purchased a new stake in Prospect Capital Corporation (NASDAQ: PSEC) during the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,059,980 shares of the financial services provider's stock, valued at approximately $2,745,000. Prospect Capital comprises approximately 1.7% of

NEW YORK, April 27, 2026 (GLOBE NEWSWIRE) -- Prospect Enhanced Yield Fund (“PENF” or the “Fund”) announced today that the Fund's Board of Directors has declared monthly cash shareholder distributions for April 2026, May 2026, and June 2026. These distributions represent the seventh, eighth, and nineth monthly distributions paid by the Fund.

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Prospect Capital (NASDAQ:PSEC) pays a monthly distribution of $0.045 per share, which works out to $0.54 annualized and a yield of roughly 20.1% at a recent share price of almost $3. A yield that fat usually flashes a warning, and the company did cut its monthly payout from $0.06 to $0.045 in late 2024. The question for income investors is whether the new, lower distribution is finally on solid footing.

How Prospect Capital Actually Earns Its Yield PSEC is an externally managed Business Development Company that functions as a high-yield income vehicle for retail investors. Income flows from interest on direct loans to middle-market businesses, with smaller contributions from payment-in-kind interest, controlled-affiliate dividends, and real estate held through National Property REIT Corp.

Management has spent the last two years rotating into the safest part of the capital stack. First lien senior secured middle market loans now make up 71% of the portfolio at cost, up 728 basis points since June 2024, while subordinated structured notes have been wound down toward 0.3%. The target borrower is a company with less than $50 million in EBITDA, and software exposure sits at 3% versus a 22% BDC industry average, sidestepping the most crowded corner of private credit.

Does Net Investment Income Cover the Check? The cleanest read on dividend safety for a BDC is net investment income (NII) per share against the distribution. In fiscal Q2 2026, PSEC reported NII of $90.89 million, or $0.19 per share, against a quarterly distribution of $0.135. That is roughly 1.4x coverage.

Q1 2026 NII of $0.17 per share covered the same payout about 1.26x and beat the $0.11 consensus. Interest coverage at the BDC level reached 426%, up from 339% the prior quarter.

Credit quality has firmed alongside the rotation. Non-accrual loans came in at 0.7% of total assets, down from a 4% peak in fiscal Q4 2025. Total liabilities fell 49% year over year, and the next institutional bond maturity is $300 million in November 2026, giving management runway to keep grinding through the portfolio without refinancing pressure.

What Should Still Worry Owners The distribution is funded, but the equity has been bleeding. Net asset value per share dropped to $6.21 from $7.84 a year earlier, and the portfolio company count fell to 91 from 114. Realized investment losses of $141.3 million in Q2 2026 and $308.5 million in Q4 2025 drove the NAV erosion. Annualized current yield on investments has slipped from 9.7% to 9.1% as lower base rates and the rotation into safer first lien paper compress income.

Total return reflects all of that. PSEC has returned negative 8% over the past year and negative 37% over five years on a price basis, even with the fat coupon. One contrarian signal worth weighing: COO M. Grier Eliasek bought 942,800 shares at around $3 on February 11, 2026, roughly $2.75 million of open-market insider buying.

Verdict on the Distribution The current $0.045 monthly distribution looks safe through at least the next several quarters. NII covers it with cushion, non-accruals are normalized, leverage is down, and there are no near-term debt walls. The yield premium over the 4.42% 10-year Treasury is real compensation for credit risk. PSEC fits investors who want monthly cash and accept that the principal will keep grinding lower while management finishes repositioning. Anyone counting on capital appreciation alongside the coupon should look elsewhere.