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Barrick Mining , one of the world's leading gold miners, is weighing a possible London listing for ‌its African business, with a potential all-share transaction with UK-listed Endeavour Mining seen as one option under consideration, two sources familiar with the matter told Reuters.

HPE (NYSE: HPE) today announced financial results for the second quarter ended April 30, 2026.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260601866494/en/

“HPE delivered an exceptional quarter with record-breaking revenue, higher-than-anticipated profitability, and increased free cash flow, reflecting strong execution and healthy demand across the business,” said Antonio Neri, president and CEO of HPE. “Customers continue to invest in modernizing their infrastructure and scaling AI, and our performance shows the strength of our combined networking portfolio and the value we are delivering to our shareholders.”

“We drove high profitability and cash generation this quarter through continued operational discipline as well as executing ahead of schedule against Juniper Networks and Catalyst cost synergies,” said Marie Myers, executive vice president and CFO of HPE. “Based on our performance, we are raising our fiscal 2026 guidance and introducing a fiscal 2027 financial growth framework. These updates reflect the durability of our performance and continued operational excellence – and point to faster progress toward our long-term financial plan.”

In the quarter, HPE achieved record revenue, gross margin, and non-GAAP diluted net EPS, as well as its highest-ever free cash flow generation for a second quarter.

Second Quarter Fiscal 2026 Financial Results

Revenue: $10.7 billion, up 40% from the prior-year period Gross margins: GAAP of 36.5%, up 810 basis points from the prior-year period and up 60 basis points sequentially Non-GAAP(1) of 36.9%, up 750 basis points from the prior-year period and up 30 basis points sequentially Diluted net earnings per share (“EPS”): GAAP of $0.44, up $1.26 from the prior-year period and above our outlook range of $0.09 - $0.13 Non-GAAP(1) of $0.79, up $0.41 from the prior-year period and above our outlook range of $0.51 - $0.55 Cash flow from operations: $1.4 billion, an increase of $1.9 billion from the prior-year period Free cash flow(1)(2): $0.9 billion, an increase of $1.8 billion from the prior-year period Capital returns to common shareholders: $343 million in the form of dividends and share repurchases Second Quarter Fiscal 2026 Segment Results

Networking revenue was $2.7 billion, up 148.2% from the prior-year period, with 21.6% operating profit margin, compared to 25.0% from the prior-year period. Within Networking, revenue from: Campus & Branch was $1.3 billion, up 50.2% from the prior-year period. Data Center Networking was $320 million, up 233.3% from the prior-year period. Security was $273 million, up 155.1% from the prior-year period. Routing was $775 million, compared to $1 million in the prior-year period. Cloud & AI revenue was $7.7 billion, up 22.9% from the prior-year period, with 12.4% operating profit margin, compared to 6.6% from the prior-year period. Within Cloud & AI, revenue from: Server was $5.5 billion, up 32.7% from the prior-year period. Storage was $1.2 billion, up 2.4% from the prior-year period. Financial Services was $0.9 billion, up 5.6% from the prior-year period. Corporate Investments and Other revenue was $281 million, up 3.3% from the prior-year period, with -3.2% of operating profit margin, compared to -2.6% from the prior-year period. Dividend

The HPE Board of Directors declared a regular cash dividend of $0.1425 per share on the company’s common stock, payable on or about July 15, 2026, to stockholders of record as of the close of business on June 16, 2026.

Fiscal 2026 Third Quarter Outlook
HPE estimates revenue to be in the range of $11.5 billion to $12.1 billion. HPE estimates GAAP diluted net EPS to be in the range of $0.84 to $0.89 and non-GAAP diluted net EPS(1) to be in the range of $0.88 to $0.93. Fiscal 2026 third quarternon-GAAP diluted net EPS estimate excludes net after-tax adjustments of approximately $0.04 per diluted share, primarily related to amortization of intangible assets, stock-based compensation expense, acquisition, disposition and other charges, cost reduction program, and adjustments related to the sale of H3C.

Fiscal 2026 Full Year Outlook
HPE is raising its FY26 revenue growth outlook range to 29% to 33%. HPE is raising revenue growth expectations for the Networking segment to 72% to 75%. HPE estimates GAAP operating profit growth to be 885% to 930% and non-GAAP operating profit growth between 80% to 85%(1)(3).

HPE is raising both GAAP diluted net EPS to be in the range of $2.42 to $2.52 and non-GAAP diluted net EPS(1)(4) to be in the range of $3.35 to $3.45. Fiscal 2026 non-GAAP diluted net EPS estimate excludes net after-tax adjustments of approximately $0.93 per diluted share, primarily related to amortization of intangible assets, stock-based compensation expense, acquisition, disposition and other charges, cost reduction program, and adjustments related to the sale of H3C. HPE is also raising its free cash flow(1)(2)(4) guidance and now expects free cash flow to be at least $3.5 billion.

The updated FY26 outlook ranges for non-GAAP diluted net EPS and free cash flow are higher than what HPE projected the company would achieve by FY28 when it released long-term financial guidance at the HPE Securities Analyst Meeting in October 2025. The company had expected to generate at least $3.00 in non-GAAP diluted net EPS and more than $3.5 billion in free cash flow by FY28.

Fiscal 2027 Outlook Framework
The company is introducing its growth framework for FY27. HPE estimates revenue growth to be in the range of 8% to 12%. HPE estimates non-GAAP diluted net EPS(1)(4) growth to be in the range of 12% to 16% and non-GAAP operating margin rate to be in the range of 12% to 16%(1)(4). HPE estimates it will generate free cash flow(1)(2)(4) of at least $4.5 billion.

H3C Technologies Co., Limited Update
HPE also notes that the divestiture of its stake in H3C Technologies Co., Limited was completed on May 28. Cash proceeds totaling approximately $1.357 billion were received in exchange for the sale of HPE’s remaining 19% of total H3C shares outstanding. HPE received a total pretax consideration of approximately $3.5 billion for its stake in the company since it announced its intention to exit the joint venture.

1 A description of HPE’s use of non-GAAP financial information is provided below under “Use of non-GAAP financial information and key performance metrics.”
2 Free cash flow represents cash flow from operations, less net capital expenditures (investments in property, plant & equipment (“PP&E”) and software assets less proceeds from the sale of PP&E), and adjusted for the effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash.​
3 FY26 non-GAAP operating profit excludes costs of approximately $2.6 billion primarily related to amortization of intangible assets, stock-based compensation expense, acquisition, disposition and other charges, and cost reduction program.
4 HPE provides certain guidance on a non-GAAP basis. In reliance on the exception provided by Item 10(e)(1)(i)(B) of Regulation S-K, Hewlett Packard Enterprise is unable to provide a reconciliation to the most directly comparable GAAP financial measure without unreasonable efforts, as the Company cannot predict some elements that are included in such directly comparable GAAP financial measure. These elements could have a material impact on the Company’s reported GAAP results for the guidance period. Refer to the discussion of non-GAAP financial measures below for more information.

About HPE

HPE (NYSE: HPE) is a leader in essential enterprise technology, bringing together the power of AI, cloud, and networking to help organizations achieve more. As pioneers of possibility, our innovation and expertise advance the way people live and work. We empower our customers across industries to optimize operational performance, transform data into foresight, and maximize their impact. Unlock your boldest ambitions with HPE. Discover more at www.hpe.com.

Use of non-GAAP financial information and key performance metrics

To supplement Hewlett Packard Enterprise’s condensed consolidated financial statement information presented on a generally accepted accounting principles (“GAAP”) basis, Hewlett Packard Enterprise provides financial measures, non-GAAP gross profit, non-GAAP gross profit margin, non-GAAP operating profit (non-GAAP earnings from operations), non-GAAP operating profit margin (non-GAAP earnings from operations as a percentage of net revenue), non-GAAP income tax rate, non-GAAP net earnings attributable to HPE and non-GAAP net earnings attributable to common stockholders, non-GAAP diluted net earnings per share attributable to common stockholders, and free cash flow (“FCF”). Hewlett Packard Enterprise also provides forecasts of non-GAAP operating profit growth, non-GAAP diluted net earnings per share, and FCF. Reconciliations of each of these non-GAAP financial measures to their most directly comparable GAAP measures for this quarter and prior periods are included in the tables below or elsewhere in the materials accompanying this news release. In addition an explanation of the ways in which Hewlett Packard Enterprise’s management uses these non-GAAP measures to evaluate its business, the substance behind Hewlett Packard Enterprise’s decision to use these non-GAAP measures, the material limitations associated with the use of these non-GAAP measures, the manner in which Hewlett Packard Enterprise’s management compensates for those limitations, and the substantive reasons why Hewlett Packard Enterprise’s management believes that these non-GAAP measures provide supplemental useful information to investors is included further below. This additional non-GAAP financial information is not meant to be considered in isolation or as a substitute for revenue, gross profit, gross profit margin, operating profit (earnings from operations), operating profit margin (earnings from operations as a percentage of net revenue), net earnings, diluted net earnings (loss) per share (“EPS”), and cash flow from operations prepared in accordance with GAAP.

Forward-looking statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties, and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of Hewlett Packard Enterprise Company and its consolidated subsidiaries (“Hewlett Packard Enterprise”) may differ materially from those expressed or implied by such forward-looking statements and assumptions. The words “believe”, “expect”, “anticipate”, “guide”, “optimistic”, “intend”, “aim”, “will”, “estimates”, “may”, “likely”, “could”, “should” and similar expressions are intended to identify such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to any statements regarding the ongoing integration of Juniper Networks, Inc., and any projections, estimates, or expectations of savings or synergy realizations in connection therewith; any projections, estimations, or expectations of addressable markets and their sizes, revenue (including annualized revenue run-rate), margins, expenses (including stock-based compensation expenses), investments, effective tax rates, interest rates, the impact of tax law changes and related guidance and regulations, the impact of changes in trade policies and restrictions and the uncertainty created thereby, component costs, commodity shortage, net earnings, net earnings per share, cash flows, liquidity and capital resources, inventory, goodwill, impairment charges, hedges and derivatives and related offsets, order backlog, benefit plan funding, deferred tax assets, share repurchases, currency exchange rates, repayments of debts including our asset-backed debt securities, or other financial items; recent amendments to accounting guidance and any potential impacts on our financial reporting therefrom; any projections or estimations of orders; any projections of the amount, timing, or impact of cost saving actions and anticipated benefits to be realized if any; any statements of the plans, strategies, and objectives of management for future operations, as well as the execution and consummation of corporate transactions or contemplated acquisitions and dispositions (including but not limited to the disposition of shares of H3C Technologies Co., Limited (“H3C”) and the use of proceeds received therefrom), research and development expenditures, and any resulting benefits, cost savings, charges, or revenue or profitability improvements; any statements concerning the expected development, performance, market share, or competitive performance relating to products or services; any statements concerning technological and market trends, the pace of technological innovation, and adoption of new technologies, including quantum and artificial intelligence-related developments and any impacts of such developments on products and services offered by Hewlett Packard Enterprise; any statements regarding current or future macroeconomic trends or events and the impacts of those trends and events on Hewlett Packard Enterprise and our financial performance, including but not limited to supply chain dynamics (including but not limited to worldwide component availability), uncertain global trade policies and/or restrictions, and demand for our products and services, and our actions to mitigate such impacts to our business; the scope and duration of geopolitical tensions, including but not limited to the ongoing conflict between Russia and Ukraine, instability and conflicts in the Middle East, and the relationship between China and the U.S., and our actions in response thereto, and their impacts on our business, operations, liquidity and capital resources, employees, customers, partners, supply chain, financial results, and the world economy; any statements regarding future regulatory trends and the resulting legal and reputational exposure, including but not limited to those relating to environmental, social, governance, cybersecurity, data privacy, and artificial intelligence issues, among others; any statements regarding pending litigation, investigations, claims, or disputes, including but not limited to the legal proceedings relating to the acquisition of Juniper Networks; any statements of expectation or belief, including those relating to future guidance and the financial performance of Hewlett Packard Enterprise; and any statements of assumptions underlying any of the foregoing.

Risks, uncertainties, and assumptions include the need to address the many challenges facing Hewlett Packard Enterprise’s businesses; the competitive pressures faced by Hewlett Packard Enterprise’s businesses; risks associated with executing Hewlett Packard Enterprise’s strategy; the impact of macroeconomic and geopolitical trends and events, including but not limited to those mentioned above; the need to effectively manage third-party suppliers and distribute Hewlett Packard Enterprise's products and services; the protection of Hewlett Packard Enterprise's intellectual property assets, including intellectual property licensed from third parties and intellectual property shared with its former parent; risks associated with Hewlett Packard Enterprise's international operations (including from geopolitical events and macroeconomic uncertainties); the development of and transition to new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution of Hewlett Packard Enterprise’s ongoing transformation and mix shift of its portfolio of offerings; the execution and performance of contracts by Hewlett Packard Enterprise and its suppliers, customers, clients, and partners, including any impact thereon resulting from macroeconomic or geopolitical events, including inflation and rising commodity costs; the prospect of a shutdown of the U.S. federal government; the hiring and retention of key employees; the execution, integration, consummation, and other risks associated with business combination, disposition, and investment transactions, including but not limited to successful integration of Juniper Networks, Inc., including our ability to integrate and implement our plans and forecasts and realize our anticipated financial and operational benefits with respect to the consolidated business; the execution, timing, and results of any cost reduction actions, including estimates and assumptions related to the costs and anticipated benefits of implementing such actions; the impact of changes to privacy, cybersecurity, environmental, global trade, and other governmental regulations; changes in our product, lease, intellectual property, or real estate portfolio; the payment or non-payment of a dividend for any period; the efficacy of using non-GAAP, rather than GAAP, financial measures in business projections and planning; the judgments required in connection with determining certain financial metrics; utility of segment realignments; allowances for recovery of receivables and warranty obligations; provisions for, and resolution of, pending litigation, investigations, claims, and disputes; the impacts of tax law changes and related guidance or regulations; and other risks that are described in Hewlett Packard Enterprise’s Annual Report on Form 10-K for the fiscal year ended October 31, 2025, subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and in other filings made by Hewlett Packard Enterprise from time to time with the Securities and Exchange Commission.

As in prior periods, the financial information set forth in this press release, including tax-related items, reflects estimates based on information available at this time. While Hewlett Packard Enterprise believes these estimates to be reasonable, these amounts could differ materially from reported amounts in the filings made by Hewlett Packard Enterprise from time to time with the Securities and Exchange Commission. Hewlett Packard Enterprise assumes no obligation and does not intend to update these forward-looking statements, except as required by applicable law.

HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Condensed Consolidated Statements of Earnings

(Unaudited)

For the three months ended

April 30, 2026

January 31, 2026

April 30, 2025

In millions, except per share amounts

Net revenue

$

10,678

$

9,301

$

7,627

Costs and Expenses:

Cost of sales (exclusive of amortization shown separately below)

6,778

5,961

5,458

Research and development

922

744

540

Selling, general and administrative

1,830

1,698

1,298

Amortization of intangible assets

323

311

37

Impairment charges

—

—

1,361

Acquisition, disposition and other charges

78

117

42

Total costs and expenses

9,931

8,831

8,736

Earnings (loss) from operations

747

470

(1,109

)

Interest and other, net(1)

(73

)

(54

)

39

Earnings from equity interests

25

17

25

Earnings (loss) before provision for taxes

699

433

(1,045

)

(Provision) benefit for taxes

(75

)

19

(5

)

Net earnings (loss) attributable to HPE

624

452

(1,050

)

Preferred stock dividends

(29

)

(29

)

(29

)

Net earnings (loss) attributable to common stockholders

$

595

$

423

$

(1,079

)

Net Earnings (Loss) Per Share Attributable to Common Stockholders:

Basic

$

0.45

$

0.32

$

(0.82

)

Diluted

0.44

0.31

(0.82

)

Cash dividends declared per share

0.14

0.14

0.13

Cash dividends accrued per preferred share

$

0.95

$

0.95

$

0.95

Weighted-average Shares Used to Compute Net Earnings (Loss) Per Share:

Basic

1,335

1,334

1,322

Diluted

1,432

1,356

1,322

HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Condensed Consolidated Statements of Earnings

(Unaudited)

For the six months ended

April 30, 2026

April 30, 2025

In millions, except per share amounts

Net revenue

$

19,979

$

15,481

Costs and Expenses:

Cost of sales (exclusive of amortization shown separately below)

12,739

11,017

Research and development

1,666

1,015

Selling, general and administrative

3,528

2,566

Amortization of intangible assets

634

75

Impairment charges

—

1,361

Acquisition, disposition and other charges

195

123

Total costs and expenses

18,762

16,157

Earnings (loss) from operations

1,217

(676

)

Interest and other, net(1)

(127

)

78

Gain on sale of a business

—

244

Earnings from equity interests

42

42

Earnings (loss) before provision for taxes

1,132

(312

)

Provision for taxes

(56

)

(111

)

Net earnings (loss) attributable to HPE

1,076

(423

)

Preferred stock dividends

(58

)

(58

)

Net earnings (loss) attributable to common stockholders

$

1,018

$

(481

)

Net Earnings (Loss) Per Share Attributable to Common Stockholders:

Basic

$

0.76

$

(0.36

)

Diluted

0.75

(0.36

)

Cash dividends declared per share

0.29

0.26

Cash dividends accrued per preferred share

$

1.91

$

1.91

Weighted-average Shares Used to Compute Net Earnings (Loss) Per Share:

Basic

1,335

1,319

Diluted

1,356

1,319

HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Reconciliation of GAAP to Non-GAAP measures

(Unaudited)

For the three months ended

April 30, 2026

January 31, 2026

April 30, 2025

Dollars in millions

GAAP net revenue

$

10,678

$

9,301

$

7,627

GAAP cost of sales

6,778

5,961

5,458

GAAP gross profit

3,900

3,340

2,169

Non-GAAP Adjustments

Stock-based compensation expense

23

24

13

Acquisition, disposition and other charges(2)

6

34

—

Cost reduction program

8

5

46

H3C divestiture related severance costs

—

—

16

Non-GAAP gross profit

$

3,937

$

3,403

$

2,244

GAAP gross profit margin

36.5

%

35.9

%

28.4

%

Non-GAAP adjustments

0.4

%

0.7

%

1.0

%

Non-GAAP gross profit margin

36.9

%

36.6

%

29.4

%

For the six months ended

April 30, 2026

April 30, 2025

Dollars in millions

GAAP net revenue

$

19,979

$

15,481

GAAP cost of sales

12,739

11,017

GAAP gross profit

7,240

4,464

Non-GAAP Adjustments

Stock-based compensation expense

47

30

Acquisition, disposition and other charges(2)

40

(3

)

Cost reduction program

13

46

H3C divestiture related severance costs

—

17

Non-GAAP gross profit

$

7,340

$

4,554

GAAP gross profit margin

36.2

%

28.8

%

Non-GAAP adjustments

0.5

%

0.6

%

Non-GAAP gross profit margin

36.7

%

29.4

%

For the three months ended

April 30, 2026

January 31, 2026

April 30, 2025

Dollars in millions

GAAP earnings (loss) from operations

$

747

$

470

$

(1,109

)

Non-GAAP Adjustments

Amortization of intangible assets

323

311

37

Impairment charges

—

—

1,361

Stock-based compensation expense

218

216

116

H3C divestiture related severance costs

—

—

20

Cost reduction program

30

23

146

Acquisition, disposition and other charges(2)

105

162

42

Non-GAAP earnings from operations

$

1,423

$

1,182

$

613

GAAP operating profit margin

7.0

%

5.1

%

(14.5

)%

Non-GAAP adjustments

6.3

%

7.6

%

22.5

%

Non-GAAP operating profit margin

13.3

%

12.7

%

8.0

%

For the six months ended

April 30, 2026

April 30, 2025

Dollars in millions

GAAP earnings (loss) from operations

$

1,217

$

(676

)

Non-GAAP Adjustments

Amortization of intangible assets

634

75

Impairment charges

—

1,361

Stock-based compensation expense

434

270

H3C divestiture related severance costs

—

97

Cost reduction program

53

146

Acquisition, disposition and other charges(2)

267

120

Non-GAAP earnings from operations

$

2,605

$

1,393

GAAP operating profit margin

6.1

%

(4.4

)%

Non-GAAP adjustments

6.9

%

13.4

%

Non-GAAP operating profit margin

13.0

%

9.0

%

HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Reconciliation of GAAP to Non-GAAP measures

(Unaudited)

For the three months ended

April 30, 2026

Diluted Net EPS(7)

January 31, 2026

Diluted Net EPS(7)

April 30, 2025

Diluted Net EPS(7)

Dollars in millions, except per share amounts

GAAP net earnings (loss) attributable to common stockholders

$

595

$

423

$

0.31

$

(1,079

)

$

(0.82

)

Preferred stock dividends

29

29

29

GAAP net earnings (loss) attributable to HPE

$

624

$

0.44

$

452

$

(1,050

)

Non-GAAP Adjustments:

Amortization of intangible assets

323

0.23

311

0.23

37

0.03

Impairment charges

—

—

—

—

1,361

1.03

Stock-based compensation expense

218

0.15

216

0.16

116

0.09

H3C divestiture related severance costs

—

—

—

—

20

0.02

Cost reduction program

30

0.02

23

0.02

146

0.11

Acquisition, disposition and other charges(2)

105

0.08

162

0.12

42

0.03

Adjustments for equity interests

(25

)

(0.02

)

(17

)

(0.01

)

—

—

Loss (gain) on equity investments, net

3

—

(14

)

(0.01

)

(7

)

(0.01

)

Adjustments for taxes

(110

)

(0.07

)

(170

)

(0.14

)

(91

)

(0.08

)

Other adjustments(3)

(32

)

(0.04

)

(33

)

(0.03

)

(29

)

(0.02

)

Non-GAAP net earnings attributable to HPE(4)

1,136

$

0.79

930

$

0.65

545

$

0.38

Preferred stock dividends

(29

)

(29

)

(29

)

Non-GAAP net earnings attributable to common stockholders

$

1,107

$

901

$

516

For the six months ended

April 30, 2026

Diluted Net EPS(7)

April 30, 2025

Diluted Net EPS(7)

Dollars in millions, except per share amounts

GAAP net earnings (loss) attributable to common stockholders

$

1,018

$

0.75

$

(481

)

$

(0.36

)

Preferred stock dividends

58

58

GAAP net earnings (loss) attributable to HPE

$

1,076

$

(423

)

Non-GAAP Adjustments:

Amortization of intangible assets

634

0.47

75

0.06

Impairment charges

—

—

1,361

1.03

Stock-based compensation expense

434

0.32

270

0.20

Gain on sale of a business

—

—

(244

)

(0.18

)

H3C divestiture related severance costs

—

—

97

0.07

Cost reduction program

53

0.04

146

0.11

Acquisition, disposition and other charges(2)

267

0.19

120

0.08

Adjustments for equity interests

(42

)

(0.03

)

—

—

Gain on equity investments, net

(11

)

(0.01

)

(9

)

(0.01

)

Adjustments for taxes

(280

)

(0.21

)

(106

)

(0.09

)

Other adjustments(3)

(65

)

(0.08

)

(58

)

(0.04

)

Non-GAAP net earnings attributable to HPE(4)

2,066

1.44

1,229

0.87

Preferred stock dividends

(58

)

(58

)

Non-GAAP net earnings attributable to common stockholders

$

2,008

$

1,171

For the three months ended

April 30, 2026

January 31, 2026

April 30, 2025

In millions

Net cash provided by (used in) operating activities

$

1,410

$

1,178

$

(461

)

Investment in property, plant and equipment and software assets

(583

)

(569

)

(547

)

Proceeds from sale of property, plant and equipment

130

66

80

Effect of exchange rate changes on cash, cash equivalents, and restricted cash

(42

)

33

81

Free cash flow

$

915

$

708

$

(847

)

For the six months ended

April 30, 2026

April 30, 2025

In millions

Net cash provided by (used in) operating activities

$

2,588

$

(851

)

Investment in property, plant and equipment and software assets

(1,152

)

(1,075

)

Proceeds from sale of property, plant and equipment

196

164

Effect of exchange rate changes on cash, cash equivalents, and restricted cash

(9

)

38

Free cash flow

$

1,623

$

(1,724

)

HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

As of

April 30, 2026

October 31, 2025

(Unaudited)

(Audited)

In millions, except par value

ASSETS

Current Assets:

Cash and cash equivalents

$

5,292

$

5,773

Accounts receivable, net of allowances

6,286

5,290

Financing receivables, net of allowances

3,694

3,826

Inventory

9,034

6,352

Other current assets

5,053

3,753

Total current assets

29,359

24,994

Property, plant and equipment, net

5,597

6,002

Long-term financing receivables and other assets

13,992

13,817

Investments in equity interests

916

955

Goodwill and intangible assets

29,648

30,138

Total assets

$

79,512

$

75,906

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:

Notes payable and short-term borrowings

$

3,009

$

4,609

Accounts payable

11,311

7,731

Employee compensation and benefits

1,957

1,871

Taxes on earnings

387

319

Deferred revenue

5,621

5,358

Other accrued liabilities

4,690

4,755

Total current liabilities

26,975

24,643

Long-term debt

18,237

17,756

Other non-current liabilities

8,947

8,753

Commitments and Contingencies

Stockholders’ Equity

HPE stockholders' Equity:

7.625% Series C mandatory convertible preferred stock, $0.01 par value (30 shares issued and outstanding as of April 30, 2026 and October 31, 2025, respectively)

—

—

Common stock, $0.01 par value (9,600 shares authorized; 1,323 and 1,318 shares issued and outstanding as of April 30, 2026 and October 31, 2025, respectively)

13

13

Additional paid-in capital

30,207

30,234

Accumulated deficit

(2,211

)

(2,811

)

Accumulated other comprehensive loss

(2,717

)

(2,748

)

Total HPE stockholders’ equity

25,292

24,688

Non-controlling interests

61

66

Total stockholders’ equity

25,353

24,754

Total liabilities and stockholders’ equity

$

79,512

$

75,906

HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(Unaudited)

For the six months ended

April 30, 2026

April 30, 2025

In millions

Cash Flows from Operating Activities:

Net earnings (loss) attributable to HPE

$

1,076

$

(423

)

Adjustments to Reconcile Net Earnings (Loss) Attributable to HPE to Net Cash Provided by (Used in) Operating Activities:

Depreciation and amortization

1,749

1,173

Impairment charges

—

1,361

Stock-based compensation expense

434

270

Provision for inventory and credit losses

305

190

Cost reduction program

53

146

Deferred taxes on earnings

(266

)

(43

)

Earnings from equity interests

(42

)

(42

)

Gain on sale of a business

—

(244

)

Dividends received from equity investees

76

—

H3C divestiture related severance costs

—

97

Amortization of inventory fair value adjustment

31

—

Other, net

100

28

Changes in Operating Assets and Liabilities, Net of Acquisitions:

Accounts receivable

(1,098

)

(372

)

Financing receivables

282

25

Inventory

(2,956

)

(435

)

Accounts payable

3,562

(1,698

)

Taxes on earnings

137

(36

)

Other assets and liabilities

(855

)

(848

)

Net cash provided by (used in) operating activities

2,588

(851

)

Cash Flows from Investing Activities:

Investment in property, plant and equipment and software assets

(1,152

)

(1,075

)

Proceeds from sale of property, plant and equipment

196

164

Purchases of equity investments

(4

)

(1

)

Proceeds from sale of available-for-sale securities and other investments

5

41

Financial collateral posted

(491

)

(638

)

Financial collateral received

453

287

Proceeds from sale of a business

—

210

Net cash used in investing activities

(993

)

(1,012

)

Cash Flows from Financing Activities:

Short-term borrowings with original maturities less than 90 days, net

(10

)

(11

)

Proceeds from debt, net of issuance costs

2,230

257

Payments of debt

(3,371

)

(1,061

)

Net payments related to stock-based award activities

(183

)

(171

)

Repurchases of common stock

(312

)

(102

)

Cash dividends paid to preferred stockholders

(58

)

(54

)

Cash dividends paid to common stockholders

(379

)

(342

)

Other

(8

)

(8

)

Net cash used in financing activities

(2,091

)

(1,492

)

Effect of exchange rate changes on cash, cash equivalents, and restricted cash

(9

)

38

Change in cash, cash equivalents and restricted cash

(505

)

(3,317

)

Cash, cash equivalents and restricted cash at beginning of period

5,859

15,105

Cash, cash equivalents and restricted cash at end of period

$

5,354

$

11,788

HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Segment Information

(Unaudited)

For the three months ended

April 30, 2026

January 31, 2026

April 30, 2025

In millions

Net Revenue(5):

Networking

$

2,690

$

2,706

$

1,084

Cloud & AI

7,707

6,334

6,271

Corporate Investments and Other

281

261

272

Total segment net revenue

10,678

9,301

7,627

Earnings Before Taxes(5):

Networking

581

640

271

Cloud & AI

954

645

414

Corporate Investments and Other

(9

)

(12

)

(7

)

Total segment earnings from operations

1,526

1,273

678

Unallocated corporate costs and eliminations

(103

)

(91

)

(65

)

Stock-based compensation expense

(218

)

(216

)

(116

)

Amortization of intangible assets

(323

)

(311

)

(37

)

Impairment charges

—

—

(1,361

)

H3C divestiture related severance costs

—

—

(20

)

Cost reduction program

(30

)

(23

)

(146

)

Acquisition, disposition and other charges(2)

(105

)

(162

)

(42

)

Interest and other, net(1)

(73

)

(54

)

39

Earnings from equity interests

25

17

25

Total pretax earnings (loss)

$

699

$

433

$

(1,045

)

HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Segment Information

(Unaudited)

For the six months ended

April 30, 2026

April 30, 2025

In millions

Net Revenue(5):

Networking

$

5,396

$

2,160

Cloud & AI

14,041

12,782

Corporate Investments and Other

542

539

Total segment net revenue

19,979

15,481

Earnings Before Taxes(5):

Networking

1,221

591

Cloud & AI

1,599

961

Corporate Investments and Other

(21

)

(15

)

Total segment earnings from operations

2,799

1,537

Unallocated corporate costs and eliminations

(194

)

(144

)

Stock-based compensation expense

(434

)

(270

)

Amortization of intangible assets

(634

)

(75

)

Impairment charges

—

(1,361

)

Gain on sale of a business

—

244

H3C divestiture related severance costs

—

(97

)

Cost reduction program

(53

)

(146

)

Acquisition, disposition and other charges(2)

(267

)

(120

)

Interest and other, net(1)

(127

)

78

Earnings from equity interests

42

42

Total pretax earnings (loss)

$

1,132

$

(312

)

HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Segment Information

(Unaudited)

For the three months ended

Change (%)

April 30, 2026

January 31, 2026

April 30, 2025

Q/Q

Y/Y

Dollars in millions

Net Revenue:

Networking(5)

Campus & Branch

$

1,322

$

1,227

$

880

7.7%

50.2%

Data Center Networking

320

444

96

(27.9)

233.3

Security

273

255

107

7.1

155.1

Routing

775

780

1

(0.6)

N/M

Total

2,690

2,706

1,084

(0.6)

148.2

Cloud & AI(5)

Server

5,454

4,232

4,109

28.9

32.7

Storage

1,175

1,061

1,148

10.7

2.4

Financial Services

904

876

856

3.2

5.6

Other

174

165

158

5.5

10.1

Total

7,707

6,334

6,271

21.7

22.9

Corporate Investments and Other

281

261

272

7.7

3.3

Total consolidated net revenue

$

10,678

$

9,301

$

7,627

14.8%

40.0%

For the six months ended

Change (%)

April 30, 2026

April 30, 2025

Y/Y

Dollars in millions

Net Revenue:

Networking(5)

Campus & Branch

$

2,549

$

1,744

46.2%

Data Center Networking

764

188

306.4

Security

528

226

133.6

Routing

1,555

2

N/M

Total

5,396

2,160

149.8

Cloud & AI(5)

Server

9,686

8,457

14.5

Storage

2,236

2,203

1.5

Financial Services

1,780

1,729

2.9

Other

339

393

(13.7)

Total

14,041

12,782

9.8

Corporate Investments and Other

542

539

0.6

Total consolidated net revenue

$

19,979

$

15,481

29.1%

HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Segment Operating Margin Summary Data

(Unaudited)

For the three months ended

Change in operating profit margin (pts)

April 30, 2026

January 31, 2026

April 30, 2025

Q/Q

Y/Y

Segment Operating Profit Margin:

Networking

21.6

%

23.7

%

25.0

%

(2.1

)

(3.4

)

Cloud & AI

12.4

%

10.2

%

6.6

%

2.2

5.8

Corporate Investments and Other

(3.2

%)

(4.6

%)

(2.6

%)

1.4

(0.6

)

Total segment operating profit margin

14.3

%

13.7

%

8.9

%

0.6

5.4

For the six months ended

Change in operating profit margin (pts)

April 30, 2026

April 30, 2025

Y/Y

Segment Operating Profit Margin:

Networking

22.6

%

27.4

%

(4.8

)

Cloud & AI

11.4

%

7.5

%

3.9

Corporate Investments and Other

(3.9

)%

(2.8

)%

(1.1

)

Total segment operating profit margin

14.0

%

9.9

%

4.1

HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Calculation of Diluted Net Earnings Per Share

(Unaudited)

For the three months ended

April 30, 2026

January 31, 2026

April 30, 2025

In millions, except per share amounts

Numerator:

GAAP net earnings (losses) attributable to common stockholders - Basic

$

595

$

423

$

(1,079

)

Plus: 7.625% Series C mandatory convertible preferred stock dividends

29

—

—

GAAP net earnings (losses) attributable to HPE - Diluted

$

624

$

423

$

(1,079

)

Non-GAAP net earnings attributable to common stockholders - Basic

$

1,107

$

901

$

516

Plus: 7.625% Series C mandatory convertible preferred stock dividends

29

29

29

Non-GAAP net earnings attributable to HPE - Diluted

$

1,136

$

930

$

545

Denominator:

GAAP Weighted-average shares used to compute basic net EPS

1,335

1,334

1,322

Dilutive effect of employee stock plans(6)

21

22

—

Dilutive effect of 7.625% Series C mandatory convertible preferred stock(6)

76

—

—

GAAP Weighted-average shares used to compute diluted net EPS

1,432

1,356

1,322

Non-GAAP Weighted-average shares used to compute basic net EPS

1,335

1,334

1,322

Dilutive effect of employee stock plans(6)

21

22

10

Dilutive effect of 7.625% Series C mandatory convertible preferred stock(6)

76

76

87

Non-GAAP Weighted-average shares used to compute diluted net EPS

1,432

1,432

1,419

GAAP Net EPS

Basic

$

0.45

$

0.32

$

(0.82

)

Diluted

$

0.44

$

0.31

$

(0.82

)

Non-GAAP Net EPS

Basic

$

0.83

$

0.68

$

0.39

Diluted(4)

$

0.79

$

0.65

$

0.38

For the six months ended

April 30, 2026

April 30, 2025

In millions, except per share amounts

Numerator:

GAAP net earnings (losses) attributable to common stockholders - Basic

$

1,018

$

(481

)

Plus: 7.625% Series C mandatory convertible preferred stock dividends

—

—

GAAP net earnings (losses) attributable to HPE - Diluted

$

1,018

$

(481

)

Non-GAAP net earnings attributable to common stockholders - Basic

$

2,008

$

1,171

Plus: 7.625% Series C mandatory convertible preferred stock dividends

58

58

Non-GAAP net earnings attributable to HPE - Diluted

$

2,066

$

1,229

Denominator:

Weighted-average shares used to compute basic net EPS

1,335

1,319

Dilutive effect of employee stock plans(7)

21

—

Dilutive effect of 7.625% Series C mandatory convertible preferred stock(7)

—

—

Weighted-average shares used to compute diluted net EPS

1,356

1,319

Denominator(Non-GAAP):

Weighted-average shares used to compute basic net EPS

1,335

1,319

Dilutive effect of employee stock plans(7)

21

14

Dilutive effect of 7.625% Series C mandatory convertible preferred stock(7)

76

76

Weighted-average shares used to compute diluted net EPS

1,432

1,409

GAAP Net EPS

Basic

$

0.76

$

(0.36

)

Diluted

$

0.75

$

(0.36

)

Non-GAAP Net EPS

Basic

$

1.50

$

0.89

Diluted(4)

$

1.44

$

0.87

_________________________ (1)

Interest and other, net includes tax indemnification and other adjustments, non-service net periodic benefit credit, and interest and other, net.

(2)

For the six months ended April 30, 2026 and for the three months ended January 31, 2026, Acquisition, disposition and other charges include non-cash amortization of fair value adjustment for inventory in connection with the acquisition of Juniper Networks, which was recorded in cost of sales.

(3)

Other adjustments includes non-service net periodic benefit credit and tax indemnification and other adjustments.

(4)

For purposes of calculating diluted net EPS, the preferred stock dividends are added back to the net earnings attributable to common stockholders and the diluted weighted average share calculation assumes the preferred stock was converted at issuance or as of the beginning of the reporting period.

(5)

Effective at the beginning of the first quarter of fiscal 2026, HPE implemented an organizational change by (i) merging the Server, Hybrid Cloud, and Financial Services business segments into a new segment named Cloud & AI and (ii) transferring the Telco and Instant On businesses to Corporate Investments and Other from Networking. The Company reflected these changes to its segment information retrospectively. These changes had no impact on Hewlett Packard Enterprise’s previously reported consolidated net revenue, net earnings, net earnings per share or total assets.

(6)

The impact of dilutive effect of employee stock plans is calculated under the treasury stock method, and the impact of dilutive effect of the preferred stock is calculated under the if-converted method. For the six months ended April 30, 2026 and 2025; and for the three months ended January 31, 2026 and April 30, 2025, the effect of preferred stock is excluded as it would be anti-dilutive.

(7)

For the six months ended April 30, 2026 and 2025; and for the three months ended January 31, 2026 and April 30, 2025, the diluted net EPS adjustment includes the impact to Non-GAAP net earnings attributable to HPE for the dilutive effect of preferred stock.

N/M - Not Meaningful.

Use of non-GAAP financial measures

To supplement Hewlett Packard Enterprise’s condensed consolidated financial statement information presented on a GAAP basis, Hewlett Packard Enterprise provides non-GAAP financial measures, non-GAAP gross profit, non-GAAP gross profit margin, non-GAAP operating profit (non-GAAP earnings from operations), non-GAAP operating profit margin (non-GAAP earnings from operations as a percentage of net revenue), non-GAAP income tax rate, non-GAAP net earnings attributable to HPE, non-GAAP net earnings attributable to common stockholders, non-GAAP diluted net earnings per share attributable to common stockholders, and FCF. Hewlett Packard Enterprise also provides, non-GAAP diluted net earnings per share, non-GAAP operating profit growth, and FCF.

These non-GAAP financial measures are not computed in accordance with, or as an alternative to, GAAP in the United States. The GAAP measure most directly comparable to non-GAAP gross profit is gross profit. The GAAP measure most directly comparable to non-GAAP gross profit margin is gross profit margin. The GAAP measure most directly comparable to non-GAAP operating profit (non-GAAP earnings from operations) is earnings from operations. The GAAP measure most directly comparable to non-GAAP operating profit margin (non-GAAP earnings from operations as a percentage of net revenue) is operating profit margin (earnings from operations as a percentage of net revenue). The GAAP measure most directly comparable to non-GAAP income tax rate is income tax rate. The GAAP measure most directly comparable to non-GAAP net earnings attributable to HPE and non-GAAP net earnings attributable to common stockholders is net earnings. The GAAP measure most directly comparable to non-GAAP diluted net earnings per share attributable to common stockholders is diluted net earnings per share attributable to common stockholders. The GAAP measure most directly comparable to FCF is cash flow from operations. Reconciliations of each of these non-GAAP financial measures to their most directly comparable GAAP measures for this quarter and prior periods are included in the tables above or elsewhere in the materials accompanying this news release.

Usefulness of non-GAAP financial measures to investors

Hewlett Packard Enterprise believes that providing the non-GAAP financial measures stated above, in addition to the related GAAP measures provides investors with greater transparency to the information used by Hewlett Packard Enterprise’s management in its financial and operational decision making and allows investors to see Hewlett Packard Enterprise’s results “through the eyes” of management. Hewlett Packard Enterprise further believes that providing this information provides Hewlett Packard Enterprise’s investors with a supplemental view to understand the Company’s historical and prospective operating performance and to evaluate the efficacy of the methodology and information used by Hewlett Packard Enterprise’s management to evaluate and measure such performance. Disclosure of these non-GAAP financial measures also facilitates the comparisons of Hewlett Packard Enterprise’s operating performance with the performance of other companies in the same industry that supplement their GAAP results with non-GAAP financial measures that may be calculated in a similar manner.

Economic substance of and material limitations associated with non-GAAP financial measures used by Hewlett Packard Enterprise

Non-GAAP gross profit and non-GAAP gross profit margin are defined to exclude charges related to the stock-based compensation expense, acquisition, disposition and other charges, severance costs associated with the cost reduction program, and H3C divestiture related severance costs. Non-GAAP operating profit (non-GAAP earnings from operations) and non-GAAP operating profit margin (non-GAAP earnings from operations as a percentage of net revenue) consist of earnings from operations or earnings from operations as a percentage of net revenue excluding the items mentioned above and charges relating to the amortization of intangible assets, and impairment charges. Non-GAAP net earnings, net earnings attributable to HPE and non-GAAP net earnings attributable to common stockholders and non-GAAP diluted net earnings per share attributable to common stockholders consist of net earnings or diluted net earnings per share excluding the charges previously stated, as well as gain on sale of a business, adjustments for equity interests, litigation judgments, gain or loss on equity investments, other adjustments, and adjustments for taxes. Non-GAAP net earnings attributable to HPE and non-GAAP diluted net earnings per share attributable to common stockholders includes preferred stock dividends added back to non-GAAP net earnings attributable to HPE. The Adjustments for taxes line item includes certain income tax valuation allowances and separation taxes, the impact of tax reform, structural rate adjustment, excess tax benefit from stock-based compensation, and adjustments for additional taxes or tax benefits associated with each non-GAAP item.

Hewlett Packard Enterprise believes that excluding the items mentioned above from the non-GAAP financial measures provides a supplemental view to management and investors of its consolidated financial performance and presents the financial results of the business without costs that Hewlett Packard Enterprise’s management does not believe to be reflective of ongoing operating results. Exclusion of these items can have a material impact on the equivalent GAAP measure and cash flows thus limiting their use as analytical tools. These limitations are discussed below or elsewhere in the materials accompanying this news release. More specifically, Hewlett Packard Enterprise’s management excludes each of those items mentioned above for the following reasons:

Stock-based compensation expense consists of equity awards granted based on the estimated fair value of those awards at grant date. Although stock-based compensation is a key incentive offered to employees, HPE excludes these charges for the purpose of calculating these non-GAAP measures, primarily because they are non-cash expenses, and the Company’s internal benchmarking analyses evidence that many industry participants and peers present non-GAAP financial measures excluding stock-based compensation expense. HPE incurred costs related to its acquisition, disposition and other charges. Charges include expenses associated with acquisitions, non-cash amortization of fair value adjustment for inventory in connection with the acquisition of Juniper Networks, Inc., exit costs associated with disposal activities, transformation costs (credits), and disaster (recovery) charges. HPE excludes these costs because the Company’s management considers these charges to be discrete events and does not believe they are reflective of normal continuing business operations. For the three and six months ended April 30, 2026 and January 31, 2026, acquisition charges were driven by costs associated with the acquisition of Juniper Networks and miscellaneous disposition related charges. For the three and six months ended April 30, 2025, acquisition charges were driven by costs associated with the pending acquisition of Juniper Networks and miscellaneous disposition related charges. We incurred severance and other charges pursuant to cost management initiatives. We exclude these charges because we do not believe they are reflective of normal continuing business operations. We believe eliminating these adjustments for the purposes of calculating non-GAAP measures facilitates the evaluation of our current operating performance. HPE incurred H3C divestiture related severance costs in connection with the disposition of issued share capital of H3C held by HPE. On September 4, 2024, HPE divested 30% of the total issued share capital of H3C and received proceeds of $2.1 billion of pre-tax consideration ($2.0 billion post-tax). The divestiture resulted in decreased future investment earnings and cash dividend inflows resulting in a decision to implement offsetting cost savings measures. These measures include severance for certain of the Company’s employees. The non-GAAP adjustment represents our costs to execute these related exit actions to offset the loss in equity earnings and related cash flows. HPE expects future annualized cost savings of approximately $120 million following the completion of these actions. HPE incurs charges relating to the amortization of intangible assets and excludes these charges for purposes of calculating these non-GAAP measures. Such charges are significantly impacted by the timing and magnitude of the Company’s acquisitions. HPE excludes these charges for the purpose of calculating these non-GAAP measures, primarily because they are non-cash expenses and the Company’s internal benchmarking analyses evidence that many industry participants and peers present non-GAAP financial measures excluding intangible asset amortization. Although this does not directly affect HPE’s cash position, the loss in value of intangible assets over time can have a material impact on the equivalent GAAP earnings measure. In fiscal 2025, HPE recorded non-cash impairment charges for the goodwill associated with its Cloud & AI reporting unit and the impairment of certain fixed assets. HPE believes that these non-cash charges do not reflect the Company’s operating results and is not indicative of the underlying performance of the business. HPE excludes these charges for purposes of calculating these non-GAAP measures to facilitate a supplemental evaluation of the Company’s current operating performance and comparisons to past operating results. Although this does not directly affect the Company’s cash position, the loss in value of goodwill over time can have a material impact on the equivalent GAAP earnings measure. Gain on sale of a business represents the gain associated with certain disposal activities. On December 1, 2024, HPE completed the disposition of the Company’s Communication Technology Group which resulted in a gain of $248 million. The Company’s management considers this divestiture to be a discrete event and believes eliminating this adjustment for the purposes of calculating non-GAAP measures facilitates the evaluation of its current operating performance. As of April 30, 2026, HPE possessed a 19% equity interest in H3C, however, the Company entered into share purchase agreements to divest all of the remaining issued share capital of H3C held by HPE through its subsidiaries. Beginning in fiscal 2026, the Company stopped reporting H3C earnings in its non-GAAP results due to the planned divestiture of the H3C investment. In May 2026, the Company sold the remaining equity interest in H3C. The Company believes that eliminating these amounts for purposes of calculating non-GAAP financial measures facilitates the evaluation of its current operating performance. HPE excludes gains and losses (including impairments) on its non-marketable equity investments because the Company does not believe they are reflective of normal continuing business operations. These adjustments are reflected in Interest and other, net in the Condensed Consolidated Statements of Earnings. The Company believes eliminating these adjustments for the purposes of calculating non-GAAP measures facilitates the evaluation of its current operating performance. Hewlett Packard Enterprise utilizes a structural long-term projected non-GAAP income tax rate in order to provide consistency across the interim reporting periods and to eliminate the effects of items not directly related to the Company’s operating structure that can vary in size, frequency and timing. When projecting this long-term rate, HPE evaluated a three-year financial projection. The projected rate assumes no incremental acquisitions in the three-year projection period and considers other factors including the Company’s expected tax structure, its tax positions in various jurisdictions and current impacts from key legislation implemented in major jurisdictions where HPE operates. For fiscal 2026, HPE will use a projected non-GAAP income tax rate of 14%, which reflects currently available information as well as other factors and assumptions. For fiscal 2025, HPE used a projected non-GAAP income tax rate of 15%. The non-GAAP income tax rate could be subject to change for a variety of reasons, including the rapidly evolving global tax environment, significant changes in the Company’s geographic earnings mix including due to acquisition activity, or other changes to the Company’s strategy or business operations. HPE will re-evaluate its long-term rate as appropriate. HPE believes that making these adjustments for purposes of calculating non-GAAP measures, facilitates a supplemental evaluation of the Company’s current operating performance and comparisons to past operating results. FCF is defined as cash flow from operations, less net capital expenditures (investments in property, plant & equipment (“PP&E”) and software assets less proceeds from the sale of PP&E), and adjusted for the effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash. FCF does not represent the total increase or decrease in cash for the period. Hewlett Packard Enterprise’s management and investors can use FCF for the purpose of determining the amount of cash available for investment in the Company’s businesses, repurchasing stock and other purposes as well as evaluating its historical and prospective liquidity. Compensation for material limitations with use of non-GAAP financial measures

These non-GAAP financial measures have limitations as analytical tools, and these measures should not be considered in isolation or as a substitute for analysis of Hewlett Packard Enterprise’s results as reported under GAAP. Some of the limitations in relying on these non-GAAP financial measures are that they can have a material impact on the equivalent GAAP earnings measures and cash flows, they may be calculated differently by other companies (limiting the usefulness of those measures for comparative purposes) and may not reflect the full economic effect of the loss in value of certain assets. Hewlett Packard Enterprise compensates for these limitations on the use of non-GAAP financial measures by relying primarily on its GAAP results and using non-GAAP financial measures only as a supplement. Hewlett Packard Enterprise also provides a reconciliation of each non-GAAP financial measure to its most directly comparable GAAP financial measure for this quarter and prior periods within this news release and in other written materials that include these non-GAAP financial measures, and Hewlett Packard Enterprise encourages investors to review those reconciliations carefully.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260601866494/en/

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.

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Stock to Watch: Barrick Mining (B - Free Report) Barrick Mining Corporation, based in Toronto, Canada, is among the largest gold mining companies in the world. The company has many advanced exploration and development projects located across five continents. It has one of the largest portfolios of world-class gold and copper assets in the industry, spanning 18 countries.

B is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

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With a solid Zacks Rank and top-tier Value and VGM Style Scores, B should be on investors' short list.

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.

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Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

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Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.

Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.

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It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

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Stock to Watch: Barrick Mining (B - Free Report) Barrick Mining Corporation, based in Toronto, Canada, is among the largest gold mining companies in the world. The company has many advanced exploration and development projects located across five continents. It has one of the largest portfolios of world-class gold and copper assets in the industry, spanning 18 countries.

B is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

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With a solid Zacks Rank and top-tier Growth and VGM Style Scores, B should be on investors' short list.

iolite Partners Ltd. (“iolite” or the “Concerned Shareholder”) urges fellow shareholders to look past Dynacor's messaging and demand answers to the serious, unresolved questions at the heart of this contested election, ahead of the Company's Annual General Meeting scheduled for June 19, 2026 (the "Meeting").

A BOARD THAT WITHHOLDS, DEFLECTS, AND ATTACKS

Confronted with legitimate questions, a board confident in its record engages openly with its owners. Dynacor has done the opposite. It has withheld key information, misrepresented material facts, narrowed the forums in which it can be challenged, and turned its fire on those raising concerns rather than answering them.

A RELUCTANT AND HALF-FINISHED TRANSITION

The case for change is underscored by the Company's own actions. The Chairman is departing. The designated President & CEO (current COO) is not standing for election, and the Company's public support for him has been notably lukewarm of late. The direction of travel is clear, yet the transition has been left half-finished.

If Dynacor genuinely seeks an orderly, generational handover, the logical next step is to complete it: at least replace 75-year-old outgoing CEO Jean Martineau and long-serving Governance and Nomination Committee Chair Réjean Gourde, and clear the way for the renewal the Company says it wants – and urgently needs. Notably, Mr. Gourde is not extending his tenure on another board due to age.

Each of the five named incumbents standing for re-election — Jean Martineau, Pierre Beliveau, Rocio Rodriguez-Perrot, Isabelle Rocha, and Réjean Gourde — presided over the undisclosed operational turmoil at Veta Dorada ("VD"), the Peruvian subsidiary that generates 100% of the Company's revenue, over the last two years. Voting in line with the recommendations on the BLUE Proxy is exactly what this moment requires.

THE QUESTIONS DYNACOR MUST ANSWER AT THE JUNE 19 MEETING

Dynacor has chosen a controlled, virtual-only format for the Meeting. Shareholders should nonetheless press for direct answers to the following, in addition to others that iolite has documented:

Why has Dynacor delivered a total return of just 3%, while peers have generated returns ranging from 39% to 219%? Why was almost the entire senior leadership team that built this business over two decades replaced, followed by more than half the 550-person workforce, and why was this never properly disclosed and explained? Why did the Company not disclose the operational disruption all these changes caused — including roughly 10 kilograms of missing gold, a run-down of inventory, and lost production? Why were strategic assets sold, and why were plans to establish a plant in Northern Peru abandoned? Why were the two newly installed senior executives at VD fired just six days after the Company publicly declared "stabilisation" and compliance with its values? Regarding the “independent investigation”: What did it cost? Why was it commissioned only after the mass personnel changes had already begun? Why was its scope never properly disclosed? Why has no written report been made available to shareholders - especially since the Board concluded that it had been exonerated based on the outcome? What legal expenses, settlement costs, damages, penalties, or other liabilities relating to labor issues at Veta Dorada have arisen? What caused the prolonged “red channel” SUNAT customs classification, and what risks does it create for the Company? How well-conceived is the international expansion strategy considering the issues iolite has documented in detail — or are the proposed projects a grossly misguided maneuver to justify a contested capital raise that served only to entrench the incumbent board and management, while the Company lacks the people required to execute? THE CAPABILITY AND ACCOUNTABILITY QUESTION

These and many more questions have a common theme of transparency and accountability — and, ultimately, capability and trustworthiness.

The senior executives who presided over this tumultuous period, and the incumbent directors responsible for governance, ESG, and oversight of operations in Peru, are the same people now asking shareholders to entrust them with both the repair and a risky international expansion strategy.

Shareholders are also entitled to ask a more basic question: when a board uses millions of dollars of Company funds to resist scrutiny rather than provide answers, what is it trying to hide?

The question before shareholders on June 19 is simple: is the board that initiated an unexplained overhaul, failed to be transparent about its consequences, declared victory prematurely, and responded to scrutiny with litigation the right board to oversee what comes next? The answer is a resounding no.

IOLITE'S CASE FOR CHANGE

Dynacor has the model, the market, and the track record to be an exceptional business. What it does not have right now is the leadership that will unlock that potential. Shareholders are encouraged to assess the Company's claims against its record, and to review iolite's detailed case for change at www.SaveDynacor.com.

THE VOTING DEADLINE IS APPROACHING. VOTE BLUE TODAY TO SAVE DYNACOR

iolite encourages shareholders to review its materials and make their voices heard at the Meeting by voting in line with iolite’s Voting Recommendations ONLY on the BLUEProxy, to ensure their votes are not returned to outgoing CEO Jean Martineau. Please disregard the proxy materials you have received from Dynacor.

Shareholders seeking assistance with voting procedures in advance of the June 16, 2026 at 5:00 p.m. (Eastern Time) deadline or with questions regarding the meeting materials may contact Kingsdale Advisors at:

North American Toll-Free: 1-866-228-8614Call or Text: 1-437-561-5008Email: [email protected]: www.SaveDynacor.comAdvisors

Fasken Martineau DuMoulin LLP is acting as legal counsel to iolite. Kingsdale Advisors is acting as strategic advisor to iolite.

About iolite Partners Ltd.

iolite Partners Ltd. is an investment manager focused on identifying and investing in high-quality businesses with the potential for long-term value creation. iolite is a significant shareholder of Dynacor and is committed to ensuring that the Company operates with strong governance, accountability and alignment with shareholder interests.

Important Notice

This release is published by iolite Partners Ltd., 4th Floor, Harbour Place, 103 South Church Street, PO Box 10240, KY1-1002, Grand Cayman, Cayman Islands, on www.iolitecapital.com. Its sole purpose is to inform shareholders of the voting intentions and recommendations of the undersigned, the beneficial owner of 7% of the common shares of Dynacor Group Inc., 606 Cathcart Street, Suite 640, Montreal, Quebec H3B 1K9, Canada (the “Issuer”).

This communication is not, and should not be construed as:

(A) a proxy solicitation within the meaning of Part 9 of National Instrument 51-102 — the undersigned relies on the exemption in section 9.2(1), which relieves a beneficial owner who publicly discloses voting intentions from delivering an information circular when no form of proxy is sought from other securityholders;

(B) an information circular, notice of meeting, or form of proxy issued by the Issuer or its management — shareholders should rely solely on the Issuer's official meeting materials for definitive information and the circular to be filed by Iolite in connection with the meeting; or

(C) investment advice or an offer to buy, sell, or exchange any security of the Issuer or any other entity.

The Issuer's 2026 Annual Meeting of Shareholders will be held virtually by live webcast on June 19, 2026, at 10:00 a.m. ET. To attend, vote, or ask questions, follow the procedures set out in the Issuer's management information circular or on its investor relations webpage. The undersigned accepts no responsibility for any shareholder's inability to access the webcast.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260611390750/en/

All amounts expressed in U.S. dollars June 12, 2026 10:00 ET  | Source: Barrick Mining Corporation

TORONTO, June 12, 2026 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) today published its 2025 Sustainability Report and accompanying performance data, outlining the company’s sustainability performance over the past year.

Our commitment to ensuring a safe culture was reflected in a strong performance across key safety metrics, with a 60% reduction in total recordable injury frequency rate since 2020, and a 28% year-on-year reduction in lost time injuries. The company remains dedicated to continuous safety improvement and strengthening our focus on fatality prevention.

We continued to strengthen our approach across key sustainability priorities including human rights, water stewardship, biodiversity management, and climate resilience. In 2025, 96% of Barrick’s employees and 76% of its suppliers were drawn from host countries, with more than $7.1 billion in spending with local and host country suppliers. The company also invested more than $62 million in community-led development initiatives, and in April 2026, we published our Human Rights Report, reinforcing our commitment to transparency and accountability in how we identify, manage, and oversee human rights risks and impacts across our operations and supply chains.

During the year, we strengthened the incorporation of environmental and biodiversity considerations into our operational planning and project development. We continued to advance the application of Barrick’s Biodiversity Risk and Impact Assessment tool to improve how biodiversity risks are identified, assessed, and managed across our operations and projects. We also continued to optimize our water use via enhanced water reuse and recycling rates, exceeding our target of 80%, and advanced our Scope 3 emissions supplier engagement.

Barrick’s President and CEO Mark Hill said, “As we enter an exciting new phase of growth and delivery, sustainability remains fundamental to how we operate. The principles that have guided us for years remain unchanged: keeping our people safe, mining responsibly, building strong partnerships, and delivering long-term value that is shared by all our stakeholders. During the year, we maintained an ‘A’ rating on our industry-first Sustainability Scorecard, demonstrating our ability to deliver consistently across the diverse jurisdictions in which we operate.”

About Barrick Mining Corporation

Barrick is a leading global mining, exploration, and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry, Barrick’s operations and projects span 17 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships, and a disciplined approach to growth. Barrick shares trade on the New York Stock Exchange under the symbol ‘B’ and on the Toronto Stock Exchange under the symbol ‘ABX’.

Investor Relations Contact

Barrick Mining Corporation
Cleve Rueckert, +1 775 397 5443
[email protected]

Media Contact

Brunswick Group
Carole Cable, +44 (0) 20 7404 5959
[email protected]

Cautionary Statement on Forward-Looking Information

Certain information contained or incorporated by reference in this release and the Sustainability Report, including any information as to our sustainability strategy and vision, targets, projects, plans, or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. Often, but not always, forward-looking information can be identified by the use of words such as “vision”, “strategy”, “believe”, “expect”, “target”, “plan”, “commitment”, “objective”, “aim”, “goal”, “continue”, “budget”, “potential”, “may”, “will”, “can”, “should”, “could”, “would”, and similar expressions. In particular, this release and the Sustainability Report contain forward-looking statements including, without limitation, with respect to: (i) Barrick’s sustainability strategy and vision; (ii) Barrick’s environmental, health and safety, corporate social responsibility (including social and economic development, water management, tailings, hazardous waste management, diversity, equity and inclusion, community relations, resettlement and disease prevention), human rights and biodiversity programs, policies and performance; (iii) Barrick’s climate change strategy and associated greenhouse gas emissions reductions targets, including with respect to our Scope 3 emissions; (iv) climate risks and opportunities identified through our climate scenario analysis; (v) the estimated timing and ability of Barrick to achieve environmental, social, health and safety, and energy reduction targets, including our absolute and intensity greenhouse gas emission reduction targets; (vi) Barrick’s strategy to manage human rights issues, including in respect of resettlement initiatives and independent site assessments; (vii) Barrick’s 2025 materiality assessment; and (viii) our joint ventures, partnerships and industry association memberships.

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Barrick as at the date of this release and the Sustainability Report in light of management’s experience and perception of current conditions and expected developments, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: damage to the Barrick’s reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Barrick’s handling of environmental matters or dealings with community groups, whether true or not; changes in national and local government legislation, taxation, controls or regulations, and/or changes in the administration of laws, policies, and practices; expropriation or nationalization of property and political or economic developments in Canada, the United States, and other jurisdictions in which Barrick does or may carry on business in the future; disruption of supply routes which may cause delays in construction and mining activities, including disruptions in the supply of key mining inputs due to the invasion of Ukraine by Russia and conflicts in the Middle East; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; risks associated with diseases, epidemic and pandemics; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; litigation and legal and administrative proceedings; contests over title to properties, particularly title to undeveloped properties, or over access to water, power and other required infrastructure; risks associated with working with partners in jointly controlled assets; whether benefits expected from recent transactions are realized; employee relations; increased costs and physical and transition risks related to climate change, including extreme weather events, resource shortages, emerging policies and increased regulations relating to related to greenhouse gas emission levels, energy efficiency and reporting of risks; Barrick’s ability to achieve its sustainability goals, including our climate-related goals and greenhouse gas emissions reduction targets; risks associated with artisanal and illegal mining; fluctuations in the spot and forward price of gold, copper, or certain other commodities (such as silver, diesel fuel, natural gas, and electricity); changes in U.S. trade, tariff and other controls on imports and exports, tax, immigration or other policies that may impact relations with foreign countries, result in retaliatory policies, lead to increased costs for raw materials and components, or impact Barrick’s existing operations and material growth projects; the speculative nature of mineral exploration and development; changes in mineral production performance, exploitation, and exploration successes; diminishing quantities or grades of reserves; increased costs, delays, suspensions, and technical challenges associated with the construction of capital projects; operating or technical difficulties in connection with mining or development activities, including geotechnical challenges, tailings dam and storage facilities failures, and disruptions in the maintenance or provision of required infrastructure and information technology systems; timing of receipt of, or failure to comply with, necessary permits and approvals; non-renewal of key licences by governmental authorities; failure to comply with environmental and health and safety laws and regulations; and our ability to successfully close and integrate acquisitions or complete divestitures. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks). Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance.

All of the forward-looking statements made in this release and the Sustainability Report are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect Barrick’s ability to achieve the expectations set forth in the forward-looking statements contained in this release and the Sustainability Report.

Barrick Mining Corporation disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

Posted by Defense World Staff on Apr 19th, 2026

Bayforest Capital Ltd trimmed its position in shares of InterDigital, Inc. (NASDAQ:IDCC – Free Report) by 56.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,373 shares of the Wireless communications provider’s stock after selling 1,759 shares during the period. Bayforest Capital Ltd’s holdings in InterDigital were worth $437,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Moran Wealth Management LLC grew its holdings in InterDigital by 0.6% during the 3rd quarter. Moran Wealth Management LLC now owns 4,751 shares of the Wireless communications provider’s stock valued at $1,640,000 after purchasing an additional 29 shares in the last quarter. CoreCap Advisors LLC grew its holdings in InterDigital by 15.6% during the 3rd quarter. CoreCap Advisors LLC now owns 245 shares of the Wireless communications provider’s stock valued at $85,000 after purchasing an additional 33 shares in the last quarter. Archer Investment Corp grew its holdings in InterDigital by 4.3% during the 3rd quarter. Archer Investment Corp now owns 1,117 shares of the Wireless communications provider’s stock worth $386,000 after acquiring an additional 46 shares in the last quarter. Blue Trust Inc. grew its holdings in InterDigital by 3.6% during the 4th quarter. Blue Trust Inc. now owns 1,437 shares of the Wireless communications provider’s stock worth $458,000 after acquiring an additional 50 shares in the last quarter. Finally, Diversify Advisory Services LLC grew its holdings in InterDigital by 1.6% during the 4th quarter. Diversify Advisory Services LLC now owns 3,264 shares of the Wireless communications provider’s stock worth $1,008,000 after acquiring an additional 52 shares in the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets In other news, CEO Lawrence Liren Chen sold 5,958 shares of InterDigital stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $327.62, for a total value of $1,951,959.96. Following the completion of the transaction, the chief executive officer directly owned 153,077 shares of the company’s stock, valued at approximately $50,151,086.74. The trade was a 3.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Richard Brezski sold 6,005 shares of InterDigital stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $360.80, for a total transaction of $2,166,604.00. Following the completion of the transaction, the chief financial officer directly owned 72,404 shares of the company’s stock, valued at $26,123,363.20. This trade represents a 7.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 27,930 shares of company stock worth $9,528,129. Corporate insiders own 2.80% of the company’s stock.

InterDigital Price Performance Shares of IDCC stock opened at $373.02 on Friday. InterDigital, Inc. has a 1-year low of $181.05 and a 1-year high of $412.60. The firm has a fifty day moving average of $348.47 and a two-hundred day moving average of $345.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market cap of $9.58 billion, a P/E ratio of 31.27 and a beta of 1.66.

InterDigital (NASDAQ:IDCC – Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.65 by $0.47. InterDigital had a net margin of 48.76% and a return on equity of 41.09%. The business had revenue of $158.23 million during the quarter, compared to analyst estimates of $155.57 million. During the same period in the previous year, the business posted $5.15 EPS. The company’s quarterly revenue was down 37.4% on a year-over-year basis. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. As a group, research analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. InterDigital’s payout ratio is 23.47%.

Wall Street Analyst Weigh In Several research analysts have weighed in on the stock. Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Weiss Ratings lowered shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, December 29th. Finally, Roth Mkm reissued a “buy” rating on shares of InterDigital in a report on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $416.67.

Get Our Latest Stock Analysis on InterDigital

About InterDigital (Free Report)

InterDigital, Inc is a mobile and video technology research and development company that designs and licenses wireless communications and video compression innovations. Its patent portfolio encompasses key standards across 3G, 4G LTE and 5G wireless networks, as well as video and multimedia technologies. By focusing on fundamental technology creation rather than device manufacturing, InterDigital delivers core intellectual property to smartphone manufacturers, chipset vendors and telecommunications operators worldwide.

The company’s principal services include patent licensing, technology evaluation and consulting.

See Also Five stocks we like better than InterDigital

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Explore the exciting world of InterDigital (IDCC +4.35%) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
*Stock prices used were the prices of March 11, 2026. The video was published on April 29, 2026.

Anand Chokkavelu has no position in any of the stocks mentioned. Dan Caplinger has positions in InterDigital. Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

InterDigital (IDCC - Free Report) came out with quarterly earnings of $2.57 per share, beating the Zacks Consensus Estimate of $2.54 per share. This compares to earnings of $4.21 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +1.31%. A quarter ago, it was expected that this wireless research and development company would post earnings of $1.65 per share when it actually produced earnings of $2.12, delivering a surprise of +28.48%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

InterDigital, which belongs to the Zacks Wireless Equipment industry, posted revenues of $205.42 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 3.91%. This compares to year-ago revenues of $210.51 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

InterDigital shares have added about 10.8% since the beginning of the year versus the S&P 500's gain of 4.2%.

What's Next for InterDigital?While InterDigital has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for InterDigital was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.94 on $152.82 million in revenues for the coming quarter and $9.07 on $676.6 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Wireless Equipment is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Aviat Networks, Inc. (AVNW - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 4.

This company is expected to post quarterly earnings of $0.42 per share in its upcoming report, which represents a year-over-year change of -52.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Aviat Networks, Inc.'s revenues are expected to be $105.65 million, down 6.2% from the year-ago quarter.

Key Takeaways InterDigital Q1 results beat estimates despite lower revenues and profit year over year.IDCC saw smartphone revenues drop sharply, while the IoT and CE segment jumped 212% on new deals.Higher costs, lower catch-up revenues and weak smartphone demand weighed on earnings. InterDigital, Inc. (IDCC - Free Report) reported relatively healthy first-quarter 2026 results, with both top and bottom lines beating the Zacks Consensus Estimate.

The company’s licensing business remained stable, supported by new customer wins and higher recurring revenues. However, lower catch-up revenues compared to last year, weakness in the smartphone licensing business, and higher costs weighed on overall sales and earnings.

Net IncomeOn a GAAP basis, net income in the reported quarter declined to $75.3 million or $2.14 per share from $115.6 million or $3.45 per share in the prior-year quarter, primarily due to lower net sales and higher operating expenses, including increased revenue-sharing costs from the LG TV deal and heavy spending on IP enforcement.

Non-GAAP net income was $79.4 million or $2.57 per share compared with $125.7 million or $4.21 per share in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate by 3 cents.

RevenuesQuarterly revenues decreased to $205.4 million from the year-ago quarter’s tally of $210.5 million. However, the top line beat the Zacks Consensus Estimate of $197.7 million.

In the first quarter, smartphone revenues declined to $123.4 million from $184 million in the year-ago quarter. CE, IoT/Auto group generated $81.9 million in revenues, up 212% year over year, mainly driven by new licensing agreements and higher contributions from connected devices and automotive markets.

Annualized recurring revenues increased 13% year over year to $567.2 million, while catch-up revenues declined to $63.6 million from $84.8 million a year ago.

Other DetailsAdjusted EBITDA declined to $111.8 million from the prior-year figure of $159.1 million. Total operating expenses increased to $123.2 million from $78.7 million in the year-ago quarter. Operating income decreased to $82.3 million from $131.8 million in the year-earlier quarter.

Cash Flow & LiquidityIn the first quarter, InterDigital generated $16.1 million in cash from operations compared with $20 million used in the year-earlier quarter. As of March. 31, 2026, it had $1.08 billion in cash, cash equivalents and short-term investments, with $69.4 million of long-term debt and other liabilities.

OutlookFor the second quarter of 2026, InterDigital estimates revenues between $139 million and $143 million. Adjusted EBITDA is estimated in the band of $67-$73 million. Non-GAAP earnings are expected to be in the range of $1.41-$1.60 per share.

For 2026, the company expects revenues in the range of $675-$775 million. Adjusted EBITDA is currently forecasted at $381-$477 million. IDCC expects non-GAAP earnings in 2026 in the band of $8.74-$11.84.

Zacks RankUpcoming ReleasesArista Networks Inc. (ANET - Free Report) is scheduled to release first-quarter 2026 earnings on May 5. The Zacks Consensus Estimate for earnings is pegged at 81 cents per share, suggesting growth of 24.62% from the year-ago reported figure.

Arista has a long-term earnings growth expectation of 17.94%. The company delivered an average earnings surprise of 9% in the last four reported quarters.

CDW Corporation (CDW - Free Report) is set to release first-quarter 2026 earnings on May 6. The Zacks Consensus Estimate for earnings is pegged at $2.28 per share, implying growth of 6.05% from the year-ago reported figure.

CDW has a long-term earnings growth expectation of 7.25%. The company delivered an average earnings surprise of 5.72% in the last four reported quarters.

Motorola Solutions, Inc. (MSI - Free Report) is set to release first-quarter 2026 earnings on May 7. The Zacks Consensus Estimate for earnings is pegged at $3.25 per share, implying growth of 2.2% from the year-ago reported figure.

Motorola has a long-term earnings growth expectation of 9.4%. The company delivered an average earnings surprise of 5.66% in the last four reported quarters.

3 Sector ETFs Catching Fire After Earnings BeatsInterDigital NASDAQ: IDCC Chief Financial Officer Rich Brezski outlined the company’s patent licensing model, recent financial performance and long-term growth targets during a presentation at the 21st Annual Needham Technology, Media, and Consumer Conference.

Brezski described InterDigital as “first and foremost a pioneering research company” focused on wireless, video and artificial intelligence technologies that underpin widely used products and services. He said the company licenses technology developed by its research teams to major global customers, including Apple, Samsung and Xiaomi, which he identified as the top three handset manufacturers, as well as companies such as Lenovo and HP.

Get InterDigital alerts:

2 Sizzling Mid-Caps That Could Stay Hot This SummerFor 2025, Brezski cited $834 million in revenue, more than $15 in earnings per share, a 71% adjusted EBITDA margin and more than $1 billion in cash. He emphasized the operating leverage in InterDigital’s model, saying much of the company’s incremental revenue carries high margins because the underlying technologies are developed years before they are licensed across multiple markets.

Research and standards remain central to the model Brezski said roughly half of InterDigital’s workforce is made up of engineers, including a significant number of PhDs. He highlighted the company’s leadership team, including Chief Executive Officer Liren Chen, who joined in 2021 after a long career at Qualcomm, and Chief Technology Officer Rajesh Pankaj, who also came from Qualcomm and previously led corporate research and development there.

InterDigital Raises Its Earnings GuidanceInterDigital’s business model begins with research and innovation, Brezski said. The company contributes technology to standards such as 5G, 6G, Wi-Fi and video compression, while filing patents to protect its inventions. Those technologies are then licensed to companies that implement them in products and services.

“We make it available, with the expectation that the companies as they use it, that they’ll ultimately pay it for us,” Brezski said. He added that when companies license InterDigital’s technology after prior use, the company can record “catch-up” revenue, followed by recurring revenue under the license agreement.

Brezski said InterDigital has more than 100 leadership positions across wireless, video and AI standards. In the 3GPP organization, which sets 5G standards and is working on 6G, he said InterDigital holds two chair positions, with Samsung and China Mobile being the only other companies with more than one.

Patent portfolio and licensing momentum Brezski said InterDigital’s patent portfolio has grown from about 19,000 assets in 2017 to roughly double that level in 2025. He also cited recognition from LexisNexis, saying InterDigital has been named among the 100 most innovative companies in the world in each of the five years the study has been conducted.

Over the past five years, the company has signed more than 50 licenses with total contract value close to $5 billion, Brezski said. He said those agreements include Apple, Samsung, Xiaomi, LG, Panasonic and Lenovo, among others.

Brezski compared InterDigital’s licenses to subscriptions because customers receive coverage for an evolving and expanding patent portfolio over the term of an agreement. He said the portfolio is growing at a pace of about seven patents per day.

The CFO also said the company invests about $200 million annually in research and portfolio costs, with a long period before those investments generate returns. “The money that we invested this last year in 2025, that $200 million will not see a return for, you know, five years or more, because we’re working on 6G,” Brezski said.

2030 plan targets $1 billion in ARR Brezski reiterated InterDigital’s long-term goal, first presented at its September 2024 Investor Day, of reaching more than $1 billion in annualized recurring revenue by 2030. The plan includes $500 million from smartphones, $200 million from consumer electronics and IoT, and more than $300 million from streaming and cloud services.

He said smartphone ARR has grown from about $340 million at the time of the investor day to $491 million, bringing the company close to its $500 million target for that category. Brezski said about 1.2 billion smartphones shipped in 2025, with 85% under license to InterDigital. He said eight of the top 10 smartphone manufacturers are licensed, while Transsion and Huawei remain unlicensed opportunities. He also said InterDigital recently filed litigation against Transsion.

In consumer electronics and IoT, Brezski said ARR has increased from about $40 million at the time of the investor day to $90 million. He cited licensing coverage of about 60% of the PC and tablet market, including Apple, Samsung, LG, Lenovo and HP, while Dell and Acer remain opportunities. In TVs, he said LG, TPV and Sony are licensed, while Samsung TV’s license expired at the end of last year and InterDigital is working on a renewal. He also said the company recently filed litigation against TCL and Hisense.

Streaming seen as a major opportunity Brezski said InterDigital has not yet generated revenue from streaming and cloud services, but believes its video compression technology is important to the delivery of streaming services. He described video compression as enabling a roughly 1,000-to-1 reduction in data, making streaming possible.

The company’s $300 million-plus target for streaming is based on the subscription video on demand and advertising video on demand markets, Brezski said. He cited Netflix and Disney as examples of SVOD services and TikTok and YouTube as examples of AVOD services. He said the AVOD market is projected to grow from $300 billion to $515 billion by 2030, while SVOD is projected to grow from $185 billion to $240 billion.

During a question-and-answer session, an analyst asked what assumptions support the $300 million streaming target. Brezski said the combined SVOD and AVOD market is larger than the smartphone market and growing faster, while InterDigital views itself as a key provider of technology to the standards that make streaming possible. He said the company believes it can penetrate the market sufficiently by 2030 to reach $300 million or more, but did not provide specific customer or compliance assumptions.

Capital allocation and litigation Brezski said InterDigital maintains a strong balance sheet in part because it is involved in litigation with large companies. He noted current streaming litigation with Disney and Amazon, prior litigation with Lenovo that has been resolved, and TV-related litigation with TCL and Hisense.

He said InterDigital returned $800 million of capital over the past five years, including more than $600 million for share repurchases, reducing its share count by 16%. The company also raised its dividend by 56% in 2025, he said.

Brezski closed by reiterating InterDigital’s goal of reaching $1 billion in ARR and $600 million in adjusted EBITDA by 2030, supported by its existing technology portfolio and addressable markets in smartphones, consumer electronics, IoT, streaming and cloud services.

About InterDigital NASDAQ: IDCCInterDigital, Inc is a mobile and video technology research and development company that designs and licenses wireless communications and video compression innovations. Its patent portfolio encompasses key standards across 3G, 4G LTE and 5G wireless networks, as well as video and multimedia technologies. By focusing on fundamental technology creation rather than device manufacturing, InterDigital delivers core intellectual property to smartphone manufacturers, chipset vendors and telecommunications operators worldwide.

The company's principal services include patent licensing, technology evaluation and consulting.

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 InterDigital Right Now?Before you consider InterDigital, 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 InterDigital wasn't on the list.

While InterDigital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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May 19, 2026 08:30 ET  | Source: InterDigital, Inc.

WILMINGTON, Del., May 19, 2026 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a wireless, video, and AI technology research and development company, today announced that the company has signed a new IoT patent license agreement with a fintech company in the payments space.

The agreement covers the licensee’s point-of-sale devices under InterDigital’s global patent portfolio related to the cellular 3G and 4G standards, and the Wi-Fi 5 and Wi-Fi 6 standards.

“This agreement is another demonstration of the momentum we’re building across the IoT space,” commented Julia Mattis, Chief Licensing Officer, InterDigital. “This company is a widely recognized disruptor in the fintech sector and we’re glad that it recognizes the value our wireless technology brings to its business.”

About InterDigital®

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:
Richard Lloyd
Email: [email protected]
+1 (202) 349-1716

3 Sector ETFs Catching Fire After Earnings BeatsInterDigital NASDAQ: IDCC executives outlined the company’s licensing model, growth targets and patent-enforcement strategy during an appearance at the J.P. Morgan TMC conference, emphasizing the company’s role in wireless, video compression and artificial intelligence research.

Liren Chen, InterDigital’s CEO and president, said the company was founded in 1972 and focuses on “foundational research” in wireless, video compression and artificial intelligence. He said InterDigital develops technology, contributes it to open standards and monetizes its patent portfolio through licensing agreements. Revenue from licensing is then reinvested into research and development, he said.

Get InterDigital alerts:

2 Sizzling Mid-Caps That Could Stay Hot This SummerChen said InterDigital has licensed eight of the top 10 smartphone vendors globally, including Apple, Samsung, Xiaomi, Oppo, Vivo, Honor and Lenovo, and has about 85% of the smartphone industry under license. He added that the company also licenses technology to consumer electronics vendors, television makers, PC makers and, increasingly, the connected-car industry.

Standards Role and Patent Portfolio Chen described InterDigital’s business as beginning with innovation and extending through participation in standards-setting organizations, including 3GPP for cellular technology, IEEE for Wi-Fi and MPEG for video. He said InterDigital engineers participate in and often lead standard-development work, with more than 110 leadership roles across standards organizations.

InterDigital Raises Its Earnings GuidanceIn 3GPP, which defines 5G and is expected to define 6G, Chen said InterDigital is one of three companies globally, and the only U.S. company, with more than one chair among the organization’s 15 working groups. He said the company has two chair roles in 3GPP.

Chen said InterDigital’s technology can become part of standards when the company demonstrates to industry peers that its solution is faster, more efficient, more reliable or offers lower delays than alternatives. If adopted into a standard, the patented technology can be used across billions of devices, creating licensing opportunities.

ARR Target and Growth Areas Rich Brezski, InterDigital’s executive vice president, chief financial officer and treasurer, said the company is targeting “$1 billion or more” in annual recurring revenue by the end of the decade. He said InterDigital is currently at about $560 million in ARR, up from roughly $400 million two years ago.

Brezski said the company’s smartphone ARR goal is $500 million, and InterDigital is “almost there now,” following a record level of smartphone ARR in the first quarter of this year. He said consumer electronics and IoT represent $200 million of the company’s $1 billion ARR target.

The largest incremental opportunity, Brezski said, is video services, cloud and content. InterDigital’s goal is to generate $300 million or more of ARR from video services by 2030, though he said the company is currently at zero in that category. He noted that the technology has already been developed and is used by major subscription and advertising video-on-demand models, and that the opportunity now is “getting paid for that use.”

6G, AI and Connected Devices Chen said InterDigital engineers have been working on 6G for several years, with the standard expected to be finalized by 2029 and broader adoption expected around 2030. He identified several expected pillars of 6G, including native AI, integrated sensing and communication, and non-terrestrial networks that combine cellular and satellite communications.

Chen said future 6G devices are expected to continue supporting older technologies such as 4G and 5G, similar to how today’s 5G phones also support prior generations. From a licensing perspective, he said that creates opportunities to license multi-generation technology.

On connected devices, Chen said InterDigital’s technology is increasingly relevant as more products become wirelessly connected and video-driven. He cited potential use cases including humanoid robots, industrial applications, smart agriculture, smart manufacturing, satellite connectivity and autonomous vehicles.

Chen also discussed AI-based video compression and said InterDigital acquired London-based startup Deep Render, which has worked on software to compress video signals using AI. He said the current technology has too much complexity and remains proprietary, but InterDigital is working to simplify it and potentially contribute aspects to next-generation video codec standards. He cautioned that success is not guaranteed.

Chen said InterDigital is also researching wireless networks designed for AI-driven traffic patterns, including more uplink traffic, and machine-focused video codecs for applications such as autonomous driving, where video is processed by computer systems rather than human viewers.

Patent Enforcement and Streaming Litigation Chen said InterDigital typically negotiates licensing agreements over lengthy periods, using engineers, patent attorneys and sometimes outside counsel to explain its technology contributions and patent coverage. He said contract terms are generally around five years, which the company views as a balance between long-term licensing and changing market volumes.

Regarding streaming, Chen said InterDigital has negotiated with major players for multiple years but has not yet reached agreements with some companies. He said the company filed a multi-jurisdictional patent enforcement action against Disney in February of last year after failing to agree on patent value. He said five patents have gone to trial so far, two in Brazil and three in Germany, and InterDigital has won in all decided cases, with courts ordering preliminary injunctions or injunctions.

Chen said additional patents are coming to trial in Germany, the Unified Patent Court in Europe and the United States, where trials are currently scheduled for February of next year. He said litigation is not the company’s end goal but is part of its effort to secure licensing agreements that reflect the value of its portfolio.

On Amazon, Chen said the situation is different because Amazon sued InterDigital first before a small device-side licensing deal expired. He said InterDigital countersued in November of last year, and that the Amazon matter is behind the Disney litigation in timing.

Cash Flow and Capital Returns Brezski said InterDigital’s licensing revenue often comes with “basically 100% gross margin” because the underlying research investments were made years earlier. As a result, he said revenue growth can drive higher profit margin growth because there is generally no additional cost when the company licenses technology already in use.

Brezski said cash is a strategic asset for InterDigital, particularly because the company sometimes needs to enforce its rights against large companies. He said InterDigital has returned about $800 million to shareholders over the last five years while maintaining a strong balance sheet.

Chen closed by saying InterDigital remains “very excited” about its opportunities and believes its value to the industry has been demonstrated repeatedly.

About InterDigital NASDAQ: IDCCInterDigital, Inc is a mobile and video technology research and development company that designs and licenses wireless communications and video compression innovations. Its patent portfolio encompasses key standards across 3G, 4G LTE and 5G wireless networks, as well as video and multimedia technologies. By focusing on fundamental technology creation rather than device manufacturing, InterDigital delivers core intellectual property to smartphone manufacturers, chipset vendors and telecommunications operators worldwide.

The company's principal services include patent licensing, technology evaluation and consulting.

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 InterDigital Right Now?Before you consider InterDigital, 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 InterDigital wasn't on the list.

While InterDigital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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WILMINGTON, Del., June 01, 2026 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a wireless, video, and AI technology research and development company, announced that the company will participate in the European Conference on Networks and Communications (EuCNC) and 6G Summit to demonstrate the potential for 6G research, innovation, and emerging technologies.

The EuCNC & 6G Summit is sponsored by the IEEE Communications Society, the European Association for Signal Processing (EURASIP), and the European Association on Antennas and Propagation (EurAAP), and focuses on topics ranging from 5G deployment and mobile IoT to 6G exploration and future communications systems and networks. The event will take place in Malaga, Spain from June 2 – 5, 2026.

InterDigital will demonstrate Collaborative Sensing for 6G Verticals, as part of the European Commission-funded SNS JU MultiX project, which fuses sensing measurements from cellular and Wi-Fi signals and leverages their complementary propagation characteristics to improve detection accuracy, spatial resolution, and sensing service continuity while reducing blind spots in indoor environments. This innovation reveals potential for 6G applications in smart manufacturing, device-free healthcare monitoring, and intelligent building situational awareness. The demo will be available in Booth #5 and 6.

Alongside the demo, InterDigital engineers will participate in panels and presentations throughout the EuCNC and 6G Summit.

Tuesday, June 2

Challenges and Opportunities on Agentic Networking for AI Agents in 6G

InterDigital’s Muhammad Awais Jadoon will moderate this workshop, and Sebastian Robitzsch will join a presentation exploring architecture advancements towards 6G, outlining the challenges and opportunities of AI Agents operating across one or more layers of the OSI stack leveraging agentic AI towards a fully autonomous closed-loop system. Learn more here.

Workshop on ISAC Initiatives on the European Research Framework

Sebastian Robitzsch will also moderate a panel on standardisation, exploring the challenges and opportunities for academics to contribute to (pre-)standardisation efforts such as the ETSI Integrated Sensing and Communication Industry Specification Group (ISAC ISG). The panel is composed of academics and researchers from both for and non-profit organisations. Learn more here.

Wednesday, June 3

ISAC – Integrated Sensing and Communications Towards 6G

During this special session, InterDigital’s Head of Wireless Lab Europe Alain Mourad will contribute an industry presentation on ISAC towards 6G. As Chair of the ETSI ISAC ISG, Alain will provide an update on the technology’s adoption status in 5G-Advanced and outline ongoing discussions around ISAC in 6G studies in 3GPP and the ITU-R IMT-2030. Learn more here.

Thursday, June 4

Architectural Transformation towards 6G: Standardization Landscape, Enablers, and Challenges

Alain Mourad will join this industry and academia-led panel discussion around the defining architectural shifts that will shape 6G and assess how research and standardization must evolve to turn vision into impact. Learn more here.

Friday, June 5

6G Research into Standardisation: Maximising European Impact through Collaboration, Examples of Success Stories

In this special session dedicated to raising awareness of the directions, focus, priorities, and challenges that the research community should consider, Alain Mourad will provide perspective as Chair of the ETSI ISAC ISG on the lessons learned from moving research closer to standards. Learn more here.

Learn more about EuCNC and the 6G Summit here.

About InterDigital®
InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital® is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:
Roya Stephens
Email: [email protected]
+1 (202) 349-1714

June 11, 2026 16:30 ET  | Source: InterDigital, Inc.

WILMINGTON, Del., June 11, 2026 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a wireless, video and AI technology research and development company, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.70 per share on its common stock payable on or about July 22, 2026, to shareholders of record at the close of business on July 8, 2026.

About InterDigital®

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:
[email protected]
+1 (302) 300-1857
        

Capital International Inc. CA acquired a new position in shares of Applied Industrial Technologies, Inc. (NYSE: AIT) during the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,425 shares of the industrial products company's stock, valued at approximately $2,721,000. A number of other

Algert Global LLC increased its position in shares of Applied Industrial Technologies, Inc. (NYSE: AIT) by 3.6% during the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,533 shares of the industrial products company's stock after acquiring an additional 2,183

Maridea Wealth Management LLC bought a new stake in shares of Applied Industrial Technologies, Inc. (NYSE: AIT) during the undefined quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,074 shares of the industrial products company's stock, valued at approximately $532,000. A number of

Applied Industrial Technologies (NYSE: AIT - Get Free Report) and Broadwind Energy (NASDAQ: BWEN - Get Free Report) are both industrials companies, but which is the better stock? We will compare the two companies based on the strength of their dividends, valuation, analyst recommendations, profitability, risk, earnings and institutional ownership. Volatility and Risk Applied Industrial Technologies has

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CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced it will release its fiscal 2026 third quarter results on Tuesday, April 28, 2026, before the market opens. The Company’s fiscal 2026 third quarter ended March 31, 2026.

The Company will host a conference call at 10 a.m. ET that day to discuss the quarter’s results and outlook. A live audio webcast and supplemental presentation can be accessed on our Investor Relations site at https://ir.applied.com. To join by telephone, dial 833-461-5787 (toll free) or 585-542-9983 using conference ID 381460398.

Replays of the call will be available via webcast, as well as by telephone for one week by dialing 833-461-5787 (toll free) using conference ID 381460398.

About Applied®
Applied Industrial Technologies is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. Our leading brands, specialized services, and comprehensive knowledge serve MRO (maintenance, repair, and operations), OEM (original equipment manufacturing), and new system install applications in virtually all industrial markets through our multi-channel capabilities that provide choice, convenience, and expertise. For more information, visit www.applied.com.

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Posted by Defense World Staff on Apr 17th, 2026

Childress Capital Advisors LLC bought a new position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,800 shares of the industrial products company’s stock, valued at approximately $462,000.

Several other hedge funds and other institutional investors have also modified their holdings of AIT. Goldman Sachs Group Inc. lifted its position in Applied Industrial Technologies by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 381,187 shares of the industrial products company’s stock worth $85,897,000 after acquiring an additional 14,926 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Applied Industrial Technologies in the first quarter valued at approximately $318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Applied Industrial Technologies by 12.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,348 shares of the industrial products company’s stock worth $22,162,000 after purchasing an additional 10,863 shares during the period. Focus Partners Wealth increased its stake in shares of Applied Industrial Technologies by 4.5% during the first quarter. Focus Partners Wealth now owns 1,341 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 58 shares during the period. Finally, M&T Bank Corp acquired a new stake in Applied Industrial Technologies during the 2nd quarter worth approximately $217,000. Institutional investors own 93.52% of the company’s stock.

Applied Industrial Technologies Trading Up 0.0% Shares of Applied Industrial Technologies stock opened at $284.63 on Friday. The firm’s 50-day moving average price is $274.00 and its two-hundred day moving average price is $265.26. The company has a market capitalization of $10.62 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 2.72 and a beta of 0.82. The company has a quick ratio of 2.56, a current ratio of 3.68 and a debt-to-equity ratio of 0.31. Applied Industrial Technologies, Inc. has a 12-month low of $212.14 and a 12-month high of $296.70.

Applied Industrial Technologies (NYSE:AIT – Get Free Report) last posted its earnings results on Tuesday, January 27th. The industrial products company reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Applied Industrial Technologies had a net margin of 8.49% and a return on equity of 21.74%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the business earned $2.39 earnings per share. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. Applied Industrial Technologies has set its FY 2026 guidance at 10.450-10.750 EPS. On average, analysts forecast that Applied Industrial Technologies, Inc. will post 9.9 earnings per share for the current fiscal year.

Applied Industrial Technologies Increases Dividend The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a dividend of $0.51 per share. This is a boost from Applied Industrial Technologies’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, February 13th. Applied Industrial Technologies’s payout ratio is currently 19.41%.

Wall Street Analyst Weigh In A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Applied Industrial Technologies in a report on Monday, December 29th. KeyCorp boosted their target price on shares of Applied Industrial Technologies from $300.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Finally, Wall Street Zen upgraded shares of Applied Industrial Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $295.00.

View Our Latest Analysis on Applied Industrial Technologies

Insider Buying and Selling at Applied Industrial Technologies In related news, VP Jason W. Vasquez sold 5,447 shares of Applied Industrial Technologies stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $287.87, for a total value of $1,568,027.89. Following the completion of the sale, the vice president owned 14,491 shares of the company’s stock, valued at approximately $4,171,524.17. This trade represents a 27.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Warren E. Hoffner III sold 4,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $288.62, for a total value of $1,154,480.00. Following the completion of the sale, the vice president directly owned 52,751 shares of the company’s stock, valued at approximately $15,224,993.62. This trade represents a 7.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 28,654 shares of company stock valued at $8,212,829. Company insiders own 1.60% of the company’s stock.

About Applied Industrial Technologies (Free Report)

Applied Industrial Technologies, listed on the New York Stock Exchange under the symbol AIT, is a leading distributor of industrial products and services. The company offers a comprehensive range of bearings, power transmission components, fluid power products, industrial rubber products, and automation solutions. Through its network of distribution centers and branch locations, Applied Industrial Technologies serves diverse end markets including manufacturing, oil and gas, mining, food and beverage, and wastewater treatment.

Founded in 1923 and headquartered in Cleveland, Ohio, Applied Industrial Technologies has grown through a combination of organic expansion and strategic acquisitions.

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Applied Industrial Technologies (AIT - Free Report) came out with quarterly earnings of $2.65 per share, beating the Zacks Consensus Estimate of $2.63 per share. This compares to earnings of $2.57 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +0.84%. A quarter ago, it was expected that this industrial products company would post earnings of $2.48 per share when it actually produced earnings of $2.51, delivering a surprise of +1.21%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Applied Industrial Technologies, which belongs to the Zacks Manufacturing - General Industrial industry, posted revenues of $1.25 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.23%. This compares to year-ago revenues of $1.17 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Applied Industrial Technologies shares have added about 16.1% since the beginning of the year versus the S&P 500's gain of 4.8%.

What's Next for Applied Industrial Technologies?While Applied Industrial Technologies has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Applied Industrial Technologies was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.85 on $1.27 billion in revenues for the coming quarter and $10.65 on $4.87 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - General Industrial is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Generac Holdings (GNRC - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on April 29.

This generator maker is expected to post quarterly earnings of $1.33 per share in its upcoming report, which represents a year-over-year change of +5.6%. The consensus EPS estimate for the quarter has been revised 1.4% higher over the last 30 days to the current level.

Generac Holdings' revenues are expected to be $1.04 billion, up 10.8% from the year-ago quarter.

For the quarter ended March 2026, Applied Industrial Technologies (AIT - Free Report) reported revenue of $1.25 billion, up 7.3% over the same period last year. EPS came in at $2.65, compared to $2.57 in the year-ago quarter.

The reported revenue represents a surprise of +2.23% over the Zacks Consensus Estimate of $1.22 billion. With the consensus EPS estimate being $2.63, the EPS surprise was +0.84%.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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

Net Sales- Engineered Solutions: $446.52 million versus the three-analyst average estimate of $432.06 million. The reported number represents a year-over-year change of +10.2%.Net Sales- Service Center Based Distribution: $804.94 million versus the three-analyst average estimate of $792.44 million. The reported number represents a year-over-year change of +5.7%.Operating income- Engineered Solutions: $51.64 million versus $51.52 million estimated by three analysts on average.Operating income- Service Center Based Distribution: $109.41 million compared to the $104.11 million average estimate based on three analysts.View all Key Company Metrics for Applied Industrial Technologies here>>>

Shares of Applied Industrial Technologies have returned +13.5% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Have you assessed how the international operations of Applied Industrial Technologies (AIT - Free Report) performed in the quarter ended March 2026? For this industrial products company, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.

In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Investors must understand a company's dependence on overseas markets, as this offers a window into the company's earnings stability, its ability to benefit from varied economic cycles and its potential for long-term growth.

Presence in international markets can act as a hedge against domestic economic downturns and provide access to faster-growing economies. However, this diversification also brings complexities due to currency fluctuations, geopolitical risks and differing market dynamics.

While analyzing AIT's performance for the last quarter, we found some intriguing trends in revenues from its overseas segments that Wall Street analysts commonly model and monitor.

The company's total revenue for the quarter stood at $1.25 billion, increasing 7.3% year over year. Now, let's delve into AIT's international revenue breakdown to gain insights into the significance of its operations beyond home turf.

A Look into AIT's International Revenue StreamsDuring the quarter, Canada contributed $70.78 million in revenue, making up 5.7% of the total revenue. When compared to the consensus estimate of $76.26 million, this meant a surprise of -7.18%. Looking back, Canada contributed $74.53 million, or 6.4%, in the previous quarter, and $71.56 million, or 6.1%, in the same quarter of the previous year.

Other International generated $73.55 million in revenues for the company in the last quarter, constituting 5.9% of the total. This represented a surprise of +9.41% compared to the $67.22 million projected by Wall Street analysts. Comparatively, in the previous quarter, Other International accounted for $64.45 million (5.5%), and in the year-ago quarter, it contributed $62.91 million (5.4%) to the total revenue.

Revenue Projections for Overseas MarketsWall Street analysts expect Applied Industrial Technologies to report a total revenue of $1.29 billion in the current fiscal quarter, which suggests an increase of 5.5% from the prior-year quarter. Revenue shares from Canada and Other International are predicted to be 6.2%, and 5.4%, corresponding to amounts of $79.41 million, and $70.04 million, respectively.

For the full year, the company is projected to achieve a total revenue of $4.89 billion, which signifies a rise of 7.1% from the last year. The share of this revenue from various regions is expected to be: Canada at 6.3% ($305.49 million), and Other International at 5.5% ($269.38 million).

In ConclusionApplied Industrial Technologies' reliance on international markets for revenues offers both opportunities and risks. Hence, keeping an eye on its international revenue trends could significantly help forecast the company's prospects.

In an era of growing international ties and escalating geopolitical disputes, financial analysts on Wall Street pay keen attention to these developments to fine-tune their earnings estimations for businesses operating across borders. It's important to note, however, that a range of additional variables, like a company's local market status, also play a crucial role in shaping these forecasts.

We at Zacks strongly focus on the dynamic earnings forecast of companies, given that empirical studies have demonstrated its potent impact on the immediate price movement of stocks. Invariably, there's a positive relationship -- upward earnings predictions often result in an increase in stock prices.

The Zacks Rank, our proprietary stock rating mechanism, demonstrates a notable performance history confirmed through external audits. It effectively utilizes the power of earnings estimate revisions to act as a predictor of a stock's price performance in the near term.

Applied Industrial Technologies, bearing a Zacks Rank #3 (Hold), is expected to mirror the broader market's movements in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

A Look at Applied Industrial Technologies' Recent Stock Price PerformanceOver the past month, the stock has seen an increase of 13.4% in its value, whereas the Zacks S&P 500 composite has posted an increase of 10%. The Zacks Industrial Products sector, Applied Industrial Technologies' industry group, has ascended 7.5% over the identical span. In the past three months, there's been an increase of 3.9% in the company's stock price, against a rise of 4.4% in the S&P 500 index. The broader sector has increased by 7.2% during this interval.

PLANO, Texas and WARREN, Mich., June 11, 2026 (GLOBE NEWSWIRE) -- Advanced Integration Technology (AIT), the world’s largest provider of automation to the global aerospace and defense industry, announced that it completed the acquisition of Futuramic Tool & Engineering on June 1, 2026. The scope of the transaction includes Futuramic’s affiliates Sharp Tooling Solutions and Jordan Tool. John Couch will continue to lead Futuramic’s operations along with the existing management team. Transaction terms and financial details were not disclosed.

Futuramic was founded in 1955 and has over 70 years of experience as a full-service engineering, fabrication, and installation provider. Futuramic has over 600,000 ft2 of facility space with a world-class collection of large-scale fabrication and large 5-axis machining capabilities.

Futuramic is a leader in providing automation and tooling solutions for the space launch sector and the broader commercial aerospace and defense markets. While most customer engagements are subject to confidentiality agreements, Futuramic’s contributions to the Boeing Space Launch System and NASA’s Artemis rocket launches provide a glimpse into the impressive scale of its operations.

Ed Chalupa, the founder and CEO of AIT, commented, “Futuramic and its affiliates add a deep heritage of tooling expertise and an extremely talented team to the AIT portfolio of companies. The combined scale and expertise of the two companies will be able to provide rapid deployment to our customers’ most complex automation and tooling needs.”

John Couch, a third-generation owner and operator of Futuramic, commented, “The Futuramic team is excited to join the AIT family. The companies share common entrepreneurial roots and perfectly complement the strengths of one another.”

About AIT
Headquartered in Plano, TX, Advanced Integration Technology (AIT) is the world’s largest provider of automation and tooling solutions dedicated to the global aerospace and defense industry. Its primary end markets include defense aerospace, commercial aerospace, rotorcraft, eVTOL, business jets, and next-generation airframes. Automation solutions include factory layout and simulation, final assembly, major structure assembly, positioning and joining, automated guided vehicles (mobility solutions), out-of-autoclave heating solutions, drilling solutions, as well as tooling, molds, and fixtures. Onex Partners, the upper mid-market private equity platform of Onex Corporation (TSX: ONEX) and Qatar Investment Authority (QIA) are minority investors in AIT.

Forward-Looking Statements
This press release may contain, without limitation, statements concerning possible or assumed future operations, performance or results preceded by, followed by or that include words such as “believes”, “expects”, “potential”, “anticipates”, “estimates”, “intends”, “plans” and words of similar connotation, which would constitute forward-looking statements. Forward-looking statements are not guarantees. The reader should not place undue reliance on forward-looking statements and information because they involve significant and diverse risks and uncertainties that may cause actual operations, performance or results to be materially different from those indicated in these forward-looking statements. Except as may be required by Canadian securities law, Onex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or other factors. These cautionary statements expressly qualify all forward-looking statements in this press release.

Contacts
Glenn Dobbs
Vice President, Corporate Development
Tel. +1 (312) 718-2814
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