Track market-moving stories before they get noisy

Teleflex (TFX - Free Report) came out with quarterly earnings of $1.76 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $3.73 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +37.50%. A quarter ago, it was expected that this medical equipment maker would post earnings of $1.21 per share when it actually produced earnings of $1.39, delivering a surprise of +14.88%.

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

Teleflex, which belongs to the Zacks Medical - Instruments industry, posted revenues of $570.33 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.89%. This compares to year-ago revenues of $780.89 million. 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.

Teleflex shares have added about 12.1% since the beginning of the year versus the S&P 500's gain of 12.8%.

What's Next for Teleflex?While Teleflex has underperformed 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 Teleflex was favorable. 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 #2 (Buy) for the stock. So, the shares are expected to outperform 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 $1.82 on $581.01 million in revenues for the coming quarter and $6.70 on $2.29 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, Medical - Instruments is currently in the bottom 37% 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, Stereotaxis Inc. (STXS - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 11.

This company is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of +40%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Stereotaxis Inc.'s revenues are expected to be $9.5 million, up 8% from the year-ago quarter.

Key Takeaways HUN posted higher Q2 revenue as sales volumes and pricing improved across all three segments. Huntsman benefited from stronger MDI pricing, higher volumes and cost-optimization efforts. HUN said its planned all-stock merger with Olin is progressing toward an Aug. 25 stockholder vote. Huntsman Corporation’s (HUN - Free Report) second-quarter 2026 loss (as reported) was 3 cents per share, narrower than a loss of 92 cents in the year-ago quarter. 

Barring one-time items, HUN posted break-even earnings per share compared with a loss of 20 cents in the year-ago quarter. The Zacks Consensus Estimate of earnings was pegged at 6 cents per share. 

Revenues were $1,663 million, up 14% year over year. The top line beat the Zacks Consensus Estimate of $1,546.1 million. HUN benefited from higher sales volumes across all three segments and pricing actions, partly offset by higher raw material costs and continued softness in construction markets. 

Huntsman Corporation Price, Consensus and EPS SurpriseHUN’s Q2 Segment HighlightsPolyurethanes: Revenues from the segment increased 16% year over year to $1,079 million. The figure beat our estimate of $980.9 million. The increase was driven by higher average selling prices and sales volumes. MDI prices improved across all three regions on better supply-demand dynamics, while volumes increased in the Americas and Europe. 

Performance Products: Revenues rose 5% year over year to $283 million and beat our estimate of $254.5 million. The increase primarily reflected higher sales volumes, particularly in performance amines, along with slightly higher average selling prices. Segment results also benefited from lower fixed costs under the company’s cost-optimization program. 

Advanced Materials: Revenues increased 19% year over year to $313 million, surpassing our estimate of $277.9 million. The improvement was driven by higher average selling prices and sales volumes. Pricing benefited from a favorable sales mix and currency movements, while volumes grew across aerospace, power and automotive markets. 

HUN’s FinancialsFree cash flow from continuing operations was a use of $90 million against a source of $55 million in the prior-year quarter. The company had around $0.9 billion in combined cash and unused borrowing capacity as of June 30, 2026. Huntsman spent $30 million on capital expenditures compared with $37 million in the prior-year quarter. Net cash used in operating activities from continuing operations was $60 million in the reported quarter. 

HUN’s OutlookHuntsman expects to remain focused on additional price increases and cost-reduction initiatives to offset rising and volatile energy and crude oil-related costs, particularly in Europe. The company expects 2026 capital expenditures of approximately $170 million. 

The planned all-stock merger of equals with Olin Corporation continues to progress, with the stockholder vote scheduled for Aug. 25, 2026. Management expects the combined company to benefit from vertical integration, greater scale and a stronger financial profile. 

HUN’s Stock Price PerformanceShares of Huntsman have gained 9.7% in the past year compared with the Zacks Chemicals Diversified industry’s 6.4% rise. 

Image Source: Zacks Investment Research

HUN’s Zacks Rank & Key PicksHUN currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the Basic Materials space are Almonty Industries Inc. (ALM - Free Report) , Neo Performance Materials Inc. (NOPMF - Free Report) and Skeena Resources Limited (SKE - Free Report) .

Almonty is expected to report second-quarter results on Aug. 13. The Zacks Consensus Estimate for ALM’s second-quarter earnings is pegged at 10 cents per share. It carries a Zacks Rank #2 at present.

NOPMF is slated to report second-quarter results on Aug. 11. The Zacks Consensus Estimate for earnings is pegged at 50 cents per share. NOPMF has a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Skeena Resources is expected to report second-quarter results on Aug. 13. The Zacks Consensus Estimate for SKE’s second-quarter loss is pegged at 11 cents per share. It currently carries a Zacks Rank #2.

DXC becomes the exclusive managed services partner for Primary's AI-native Zero Trust Unified Control Plane, helping enterprises securely scale AI. New joint offering helps businesses and government agencies govern how AI agents and enterprise AI applications access data while strengthening security, identity, and compliance. DXC's managed security services deliver consulting, implementation, integration, governance, and ongoing operations to accelerate secure AI adoption. , /PRNewswire/ -- DXC Technology (NYSE: DXC) today announced a strategic partnership with Primary, becoming the exclusive managed services provider for Primary's AI-native Zero Trust Platform. The joint offering helps enterprises securely deploy and scale AI by governing how AI agents and enterprise AI applications access data, while strengthening security, identity, and compliance.

DXC and Primary Launch AI-Native Zero Trust Platform for Enterprise AI As organizations move from AI experimentation to production, they face a new security challenge: governing autonomous AI systems that access sensitive enterprise data. Traditional security models were built for users, devices, and networks—not AI agents operating across complex enterprise environments.

Together, DXC and Primary are addressing that gap with a platform purpose-built for AI security and governance. Delivered through DXC's global cybersecurity organization, the offering combines consulting, implementation, integration, governance, and managed security services to help customers operationalize AI with greater visibility, control, and trust.

"As enterprises move from AI pilots to production, security and governance must evolve just as quickly," said Dawn-Marie Vaughan, Cybersecurity Global Offering Lead, DXC Technology. "Trusted AI requires more than securing infrastructure; it requires governing how AI systems access data, identities, and business processes. Together with Primary, we are helping customers bring Zero Trust to enterprise AI, with the visibility, control, and operational confidence needed to move from pilot to production."

Delivered through DXC's global cybersecurity organization, the offering helps customers:

Secure AI agents and enterprise AI applications Govern AI access to enterprise data Strengthen identity and policy enforcement Reduce risk across enterprise environments Support compliance and regulatory requirements Increase visibility across users, applications, data, and AI agents "The defining security challenge of enterprise AI is not simply seeing what an AI agent is doing—it is having enough context to determine whether that action should be allowed, as well as the corresponding infrastructure to automate enforcement of that real-time decision," said Michael Marx, Primary's Co-Founder + President. "Primary transforms cross-domain telemetry into continuous, context-aware policy enforcement across the full AI workflow. With DXC's global implementation and managed security expertise, customers can establish a unified control layer that protects sensitive data, reduces operational risk, and enables AI systems to act securely within clearly defined enterprise boundaries."

Designed for organizations operating in highly regulated environments, the platform helps address growing requirements for governance, compliance, data sovereignty, and security. By embedding Zero Trust principles directly into enterprise AI environments, DXC and Primary help customers move from experimentation to enterprise-scale deployment with the resilience and control needed to innovate with confidence. To learn more, visit our website.

About DXC Technology

DXC Technology (NYSE: DXC) is a leading enterprise technology and innovation partner delivering software, services, and solutions to global enterprises and public sector organizations — helping them harness AI to drive outcomes at a time of exponential change with speed. With deep expertise in Managed Infrastructure Services, Application Modernization, and Industry-Specific Software Solutions, DXC modernizes, secures, and operates some of the world's most complex technology estates. Learn more on dxc.com.

SOURCE DXC Technology Company

Customer conversations, management said, increasingly open not with what quantum computing can do, but with how to protect sensitive data once quantum machines can break today’s encryption. If that trend holds, quantum security could grow into a driver as significant as IonQ’s core computing business.

Chief Operating Officer and CFO Inder Singh noticed the change in discussions with enterprise customers and government agencies.

“A year ago it was about computing. Now it’s about computing,” Singh said. “But equally, how can you protect me from the inevitable?”

Security Becomes A Recurring Theme In Customer Meetings“Quantum security now enters into the discussion,” Singh said, adding that organizations increasingly want to understand not only how quantum computing can create new capabilities, but also how it could expose them to future cybersecurity threats.

Earlier in the call, Singh also noted that “more and more customers are talking about security,” suggesting demand is expanding beyond IonQ’s traditional quantum computing offerings.

Together, those comments point to a broader shift in how the company views its opportunity. Rather than simply selling quantum computing systems, IonQ increasingly sees an opportunity to help customers prepare for the security challenges that widespread quantum computing could eventually bring.

Preparing for a Post-Quantum WorldThe concern stems from the possibility that future quantum computers could become powerful enough to break many of today’s widely used encryption methods, which protect everything from financial transactions to government communications.

Although experts continue to debate when that point might arrive, IonQ executives said many organizations are no longer treating the issue as a distant research topic. Instead, they are beginning to plan for what the industry often calls a “post-quantum” world—a future in which existing cybersecurity tools may no longer provide adequate protection.

That changing mindset, management suggested, is creating demand not only for quantum computers, but also for technologies designed to secure data before that transition occurs.

IonQ Is Expanding Its Quantum Security BusinessAs part of that strategy, CEO Niccolo De Masi highlighted the company’s newest Quantum Key Distribution, or QKD, product.

“We launched a new QKD product… making enterprise-grade quantum security practical, deployable and cheaper to operate,” De Masi said.

Quantum Key Distribution is a communication technology that uses the principles of quantum physics to create encryption keys. Because any attempt to intercept those keys changes the underlying quantum signals, the technology can help detect eavesdropping, offering an additional layer of protection for sensitive communications.

Management also said recent White House executive orders focused on quantum technologies have increased engagement around quantum-safe security. Organizations are evaluating how to protect critical infrastructure before quantum computing becomes powerful enough to threaten existing encryption.

For investors, the takeaway extends beyond IonQ’s quantum computing roadmap. The company still generates most of its business from quantum computing, but management’s comments suggest it increasingly sees quantum security as a complementary growth engine.

If customers continue shifting from asking what quantum computers can do to asking how to defend against them, cybersecurity could become one of IonQ’s most important long-term opportunities.

Image via Shutterstock

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Acushnet (GOLF - Free Report) came out with quarterly earnings of $2.08 per share, beating the Zacks Consensus Estimate of $1.61 per share. This compares to earnings of $1.25 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +29.19%. A quarter ago, it was expected that this golf products maker would post earnings of $1.38 per share when it actually produced earnings of $1.36, delivering a surprise of -1.45%.

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

Acushnet, which belongs to the Zacks Leisure and Recreation Products industry, posted revenues of $819.95 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.20%. This compares to year-ago revenues of $720.48 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.

Acushnet shares have added about 29.2% since the beginning of the year versus the S&P 500's gain of 12.8%.

What's Next for Acushnet?While Acushnet 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 Acushnet was favorable. 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 #2 (Buy) for the stock. So, the shares are expected to outperform 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 $1.07 on $661.16 million in revenues for the coming quarter and $3.75 on $2.68 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, Leisure and Recreation Products is currently in the top 32% 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, PLBY Group, Inc. (PLBY - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 10.

This company is expected to post break-even quarterly earnings per share in its upcoming report, which represents a year-over-year change of +100%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

PLBY Group, Inc.'s revenues are expected to be $29.3 million, up 4.1% from the year-ago quarter.

Marvell Technology (NASDAQ:MRVL | MRVL Price Prediction) is trading at $218.59 while Wall Street’s average analyst price target sits at $256.91, implying roughly 17.5% upside. One shop sees far more. KeyBanc’s $400 Street-high target puts the implied gain close to 83%, within striking distance of a double from here.

Marvell is a fabless data infrastructure chipmaker whose growth engine is AI silicon. Custom XPU accelerators, high-speed optical interconnects, and Ethernet switching drive the business, with data center generating 76% of revenue. That mix makes MRVL one of the cleanest custom-silicon proxies for hyperscaler AI capex, which is why the widening gap between price and the bullish targets matters.

A 10% Monthly Drop Inside a 158% Annual Rally Shares have fallen 10.86% over the past month even after a violent 25.29% snapback in the last week. Multiple catalysts hit simultaneously in mid-July: a broader semiconductor selloff, doubts about AI infrastructure spending sustainability, fears about Chinese chip competition, and questions about hyperscaler capex durability.

Valuation piled on. MRVL trades at 67x trailing earnings, leaving no room for stumbles. Insider activity added pressure when the CFO and COO sold nearly 36,000 shares combined during the window, and several institutional holders trimmed positions. Reddit sentiment swung sharply, moving from bullish scores of 62 to 70 in mid-July to a bearish 30 by July 18.

The month’s decline came against a 157.6% year-to-date gain, so this looks like a correction inside a monster rally.

Analysts Aren’t Blinking, and KeyBanc Sees a Path to $400 The KeyBanc scenario implies close to 83% upside, well above the 40% threshold. John Vinh anchors the $400 target on three pillars: custom ASIC dominance across Tier-1 cloud service providers (Amazon’s Trainium and Inferentia, Google’s TPU ecosystem), high-margin scale in PAM4 optical digital signal processors and active electrical cables for Blackwell and Vera Rubin cluster deployments, and multi-generational content gains in PCIe switches, storage controllers, and Ethernet switching silicon.

Fundamentals support the aggressive setup. Fiscal Q1 2027 revenue of $2.418 billion grew 27.6% year-over-year and beat consensus. Non-GAAP EPS of $0.80 also cleared estimates. CEO Matt Murphy called out “exceptional AI-related bookings” and significantly raised FY27 and FY28 outlook. Q2 FY27 guidance of $2.700 billion implies roughly 35% year-over-year growth, with management expecting growth to accelerate each quarter.

The broader analyst posture is constructive though more measured. Of 44 analysts tracked, 38 rate MRVL Buy, 5 Hold, and 1 Sell. Two near-term catalysts sit on the calendar: the Q2 FY27 earnings report on August 27 and an investor day on October 6. A $400 print would require flawless custom AI ramp execution and no vertical-integration pushback from hyperscalers.

How MRVL Stacks Up Against Broadcom, NVIDIA, and AMD The peer group failed to sell off with Marvell. Broadcom (NASDAQ:AVGO) rose 16.01% this month, NVIDIA (NASDAQ:NVDA) gained 8.78%, and AMD (NASDAQ:AMD) sat roughly flat, leaving MRVL as the clear outlier to the downside even after its one-week rebound.

Broadcom trades at $418.16 versus a $527.88 average target, roughly 26.2% implied upside. AI semiconductor revenue grew 143% year-over-year in Q2 FY26, and the analyst mix skews heavily Buy.

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NVIDIA trades at $211.94 versus a $302.83 target, or roughly 42.9% upside. Q1 FY27 revenue jumped 85.23% year-over-year, and ratings are overwhelmingly Buy.

AMD trades at $518.58 versus $579.11, roughly 11.7% upside. The company just reported Q2 revenue up 50.1% year-over-year with data center more than doubling. Ratings skew Buy, though the target sits closest to price after this year’s massive rally.

The largest consensus-implied upside in the peer set belongs to NVIDIA at roughly 42.9%. Once Street-high targets enter the picture, MRVL’s $400 KeyBanc scenario is the widest analyst-implied gap in the group.

The Numbers Say MRVL Is Bruised but Leading the Group MRVL currently trades at $218.59 against a $256.91 consensus target and KeyBanc’s $400 Street-high. Implied upside runs from about 17.5% to 83% depending on the target. Year-to-date, MRVL is up 157.6% versus 13.11% for the S&P 500. Over one year, MRVL is up 186.24% while the S&P 500 is up 22.21%.

Coverage runs 44 analysts deep and skews heavily positive: 38 Buy, 5 Hold, 1 Sell. Trailing P/E sits at 67, while forward P/E on management’s raised outlook falls to 46. The stock looks expensive on trailing math and more digestible on FY28 estimates if the acceleration case delivers.

My Take: The Custom Silicon Thesis The bull case for Marvell rests on custom AI accelerators becoming a durable, multi-year product line. The bull path is clean. Q2 confirms the guide, custom XPU wins convert to volume shipments, optical DSP margins scale, and FY28 numbers land near KeyBanc’s model. That trajectory clears the $256 consensus and puts the aggressive $400 case in view.

The bear case builds if hyperscalers vertically integrate faster than expected, if China trade restrictions tighten, or if Celestial AI and XConn integrations dilute focus. At 67x trailing earnings, there is no margin of safety if AI capex flattens even briefly.

The lean is constructive. Q1 showed accelerating bookings, Q2 guidance implies about 35% growth, and the peer group climbed while MRVL corrected, suggesting profit-taking on the year’s biggest winner is driving the pullback. A 25.29% one-week snapback signals sophisticated money agrees.

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Contact [email protected] for any questions or corrections.

August 06, 2026 08:15 ET  | Source: Freshworks Inc

SAN MATEO, Calif., Aug. 06, 2026 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ: FRSH) today announced that Freshservice, its AI-powered unified service operations platform, has achieved FedRAMP® ‘In-Process’ status for Class C (Moderate) certification, signaling significant progress toward full authorization for U.S. federal government agencies. This designation marks a key milestone in Freshworks’ plan to deliver modern service management software to federal agencies, and Freshservice is now listed on the FedRAMP Marketplace. Freshworks has engaged Coalfire, a leading provider of FedRAMP compliance assessments, to guide the authorization process.

Federal agencies face persistent pressure to modernize operations while managing growing service demand, stretched IT teams, and aging systems that were not built for today's workforce expectations or the pace of AI adoption. At the same time, agencies face increasing pressure to improve operational efficiency and deliver better employee and citizen experiences with limited budgets.

Freshservice plans to address these challenges directly, giving agencies an AI-powered unified service operations platform that automates repetitive workflows, unifies cross-functional service delivery across IT and other business functions, and deploys in weeks rather than years.

"Government agencies need access to the same modern, AI-powered service management that is transforming how leading organizations operate,” said Murali Swaminathan, Chief Technology Officer at Freshworks. “Pursuing FedRAMP authorization is a critical step toward delivering that capability at federal scale, and we believe today's In Process designation reflects real progress in that direction.”

FedRAMP authorization builds on Freshworks’ existing partnerships with government entities, and will provide the broader federal community with a formally authorized path to adopt Freshservice at greater scale and with full confidence in its security posture, once authorization occurs.

A Modern Platform Built for Government Scale

To meet the security and compliance requirements of federal environments, Freshservice's FedRAMP environment will be built on AWS GovCloud (US), reflecting Freshworks' deep, multi-year partnership with AWS and its existing investment in secure cloud architecture.

For government organizations facing workforce constraints, growing demand for digital services, and pressure to do more with less, Freshservice offers a path to meaningful modernization that does not require years of implementation or large consulting teams. This move underscores Freshworks’ long-term commitment to the public sector.

“Congratulations to the Freshworks team on achieving FedRAMP In Process designation for Freshservice,” said Karen Laughton, Executive Vice President, Coalfire. “Reaching this milestone requires exceptional focus, coordination, and commitment across the organization. We’re proud to support Freshworks on its FedRAMP journey, and this achievement demonstrates the strength of our partnership and Freshworks’ commitment to meeting the rigorous security expectations of the federal government.”

Availability

Upon achieving full FedRAMP Class C (Moderate) certification, Freshservice will be available to federal agencies, as well as state, local, and education organizations that require formal cloud security authorization for their technology procurement.

For more information on Freshservice for government, visit freshworks.com/freshservice/industries/government.

To view the Freshworks’ FedRAMP marketplace listing, please click here.

About Freshservice
Freshservice by Freshworks is an AI-powered ServiceOps platform that unifies IT Service (ITSM), Asset (ITAM), Operations (ITOM) and Enterprise Service Management (ESM) on a single platform with a shared data layer. It gives IT, HR, finance, and facilities teams full visibility across services and infrastructure without the complexity of stitched-together tools. Freshservice comes with a natively embedded AI layer called Freddy AI that helps agents resolve issues faster, automates employee service requests, and gives leaders the insights they need to make better decisions. The result is resilient, proactive service delivery that scales across the entire organization.

About Freshworks
Freshworks is the AI-powered, unified service operations platform that is fast to deploy, intuitive to use, and enables every employee to be more productive. We offer powerful governance and scale, without the operational drag of legacy platforms. Organizations like Seagate, New Balance and McLaren racing trust Freshservice to deliver quality employee service and manage efficient technology operations. For the latest updates, visit freshworks.com and follow Freshworks on LinkedIn, X, and Facebook.

© 2026 Freshworks Inc. All Rights Reserved. Freshworks, Freshservice, Freddy AI, and any associated logos are trademarks of Freshworks Inc. Third party logos and trademarks are the property of their respective owners. Use does not imply affiliation, endorsement, or sponsorship between respective trademark holders and Freshworks.

Press Contact: [email protected]

Three enterprise software names are moving in opposite directions Thursday morning after earnings results. SoundHound AI (NASDAQ:SOUN) stock is up 12% to $7.23, Unity Software (NYSE:U | U Price Prediction) shares are up 11% to $39.33, and Datadog (NASDAQ:DDOG) shares are down 15% to $239.71.

The Invesco QQQ Trust (NASDAQ:QQQ) (which tracks the NASDAQ 100 index) is roughly flat, so today’s action is stock-specific. Traders are separating the winners from the losers on valuation and expectations.

SoundHound AI Rally Follows a Beat and a Raise SoundHound posted Q2 revenue of $61.9 million, beating the $52.4 million consensus estimate. Furthermore, the company’s adjusted EBITDA loss narrowed to $9.6 million.

Management raised full-year 2026 revenue guidance to $230 million to $260 million, pending the LivePerson acquisition closing before year-end. SoundHound ended the quarter with $203 million in cash and no debt.

Growth is driven by SoundHound’s OASYS agentic AI platform and enterprise wins including eight-figure multi-year Latin America contract spanning 20+ countries, seven-figure China automotive infotainment agreement, and seven-figure healthcare deal. Automotive partners Stellantis (NYSE:STLA) and Hyundai expanded live generative AI deployments.

CEO Keyvan Mohajer stated, “Our exceptional Q2 results demonstrate the momentum SoundHound is building… With our Q2 revenue now 10 times what it was when we debuted as a public company in Q2 2022, and enterprise demand for high-ROI voice and agentic AI accelerating globally, our OASYS platform and in-house model innovations position us to lead in the new era of enterprise automation.” The pending acquisition of LivePerson is expected to close before the end of 2026.

SoundHound stock had entered earnings down 36% year to date (YTD). Reddit chatter turned very bullish with a sentiment score of 82 ahead of the release.

Unity Beat and Raise Powers a Rebound Unity reported Q2 revenue of $546 million, up 24% YoY, beating $514.6 million above consensus. Adjusted EBITDA came in at $160 million at a 29% margin, up from $90 million and a 21% margin versus a year ago. Moreover, the company’s free cash flow reached $202 million.

Unity’s Q3 2026 strategic revenue guidance of $540 million to $550 million landed above the consensus estimate, with the midpoint implying 44% to 47% YoY growth. The Grow Solutions segment, home to the Unity Vector AI ad platform, grew 35% YoY to $389 million and is driving results.

CEO Matt Bromberg called it “arguably the best quarter in Unity’s history as a public company.” Unity stock had climbed 20% over the past month, and management now expects to reach GAAP profitability by Q3 2026.

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Unity also plans to retire its 2021 convertible notes in November 2026, cleaning up the balance sheet as Vector AI ramps translate into operating leverage.

Datadog Sells Off Despite Its Own Beat and Raise Meanwhile, Datadog delivered a beat and raise. Q2 revenue of $1.12 billion beat the $1.08 billion consensus estimate and grew 35.6% YoY. Also, non-GAAP EPS of $0.65 topped the $0.58 estimate, marking the fifth straight quarterly EPS beat.

Datadog’s $100,000-plus ARR customer count grew to 4,720, up from 3,850 versus a year ago. Management raised full-year 2026 revenue guidance to $4.45 billion to $4.47 billion and non-GAAP EPS to $2.50 to $2.54. Plus, Datadog’s free cash flow margin expanded to 25% from 20% from a year ago.

CEO Olivier Pomel provided a confident assessment:

Datadog delivered a strong quarter, with 36% year-over-year revenue growth, $316 million in operating cash flow, and $279 million in free cash flow. Our customers are building and deploying with AI, and they are using the Datadog platform to observe, secure, and act on their AI-enabled solutions.

The issue was expectations. Datadog stock had rallied 108% YTD and hit an intraday record above $292 the prior session. Today’s move is on track to be one of DDOG stock’s largest single-day drops on record.

What to Watch Now SoundHound holds its earnings call at 5:00 p.m. ET tonight, where the OASYS pipeline and LivePerson integration timeline could shape the next share-price move. Unity’s call was held earlier this morning at 8:30 a.m. ET, and investors can watch for whether Vector AI momentum continues translating into upside guidance and free cash flow.

For Datadog, the debate centers on multiple compression rather than business execution. The bull case rests on 35.6% growth, AI observability leadership through Bits AI and AI Guard, and expanding free cash flow margins. The bear case is a stock that ran too far, too fast into the report, with prediction sentiment turning bearish at a composite score of 36.6.

Investors can watch for whether today’s flush finds a floor before Datadog’s next major catalyst. Position sizing across all three names should reflect the volatility on display, with new exposure warranted only after the price action stabilizes.

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Contact [email protected] for any questions or corrections.

Key Takeaways KWR posted y/y higher Q2 earnings, record adjusted EBITDA and revenue that topped estimates. Quaker Chemical's new business wins drove volume growth and share gains across all regions. KWR expects meaningful 2026 revenue and adjusted EBITDA growth despite market uncertainty. Quaker Chemical Corporation (KWR - Free Report) posted second-quarter 2026 net earnings of $26.8 million or $1.55 per share, up sharply from a loss of $66.6 million or $3.78 per share in the year-ago quarter. 

Barring one-time items, adjusted earnings increased 28.1% year over year to $2.19 per share. It beat the Zacks Consensus Estimate of $1.68 per share. 

Revenues rose 10.2% year over year to $532.6 million, driven by higher sales volumes, favorable foreign currency translation and improved selling price and product mix. Sales surpassed the consensus estimate of $511.8 million. 

 Sales volumes increased 7% year over year, primarily reflecting new business wins across all segments. Adjusted EBITDA advanced 12.8% to a record $85.2 million, supported by higher sales, partly offset by increased SG&A expenses.

 Consolidated sales growth included a 7% contribution from volumes, a 2% favorable currency impact and a 1% benefit from selling price and product mix. Underlying end-market activity was similar to the prior-year period, while new business wins drove share gains across all regions.

Quaker Houghton Price, Consensus and EPS SurpriseSegment PerformanceAmericas revenues increased 7% year over year to $236.5 million, above the consensus estimate of $232.9 million. The improvement reflected 4% higher sales volumes, a 1% benefit from selling price and product mix and a 2% favorable currency impact. Segment operating earnings declined to $57.2 million from $59 million due to higher raw material costs and SG&A expenses. 

 EMEA sales rose 13% year over year to $158.4 million, topping the consensus estimate of $147 million. Sales volumes increased 7%, selling price and product mix added 4% and foreign currency translation contributed 2%. Segment operating earnings climbed to $32.7 million from $25 million on higher sales and improved margins.

 Asia/Pacific revenues increased 12% year over year to $137.6 million, exceeding the consensus estimate of $130.8 million. Sales volumes advanced 10%, while pricing and currency each added 1%. Segment operating earnings rose to $36.6 million from $28.7 million, driven by stronger sales despite some margin pressure.

Balance Sheet and Cash FlowCash and cash equivalents were $155.1 million at the end of the second quarter compared with $179.8 million at the end of 2025. Total gross debt was $876.1 million, resulting in net debt of approximately $721 million.

 Net cash provided by operating activities was $33.2 million for the first six months of 2026 compared with $38.5 million in the prior-year period. The decline reflected higher working-capital outflows, partly offset by improved operating performance and lower restructuring-related cash outflows.

 The company invested $21 million in property, plant and equipment during the first half of 2026. In the second quarter, it repurchased approximately $24.2 million of shares and announced a new $250 million stock repurchase program.

 Net leverage remained approximately 2.3x trailing 12-month adjusted EBITDA. The company also increased its quarterly dividend by roughly 4.3%.

OutlookManagement expects stable demand entering the third quarter, with end markets projected to remain flat to slightly positive through the rest of 2026. Continued share gains are expected to support volume growth despite macroeconomic and geopolitical uncertainty.

 Quaker expects the gross margin percentage in the third quarter to remain near second-quarter levels as it works through raw material cost inflation, inventory movements and the timing of price recovery actions. Management said pricing and cost initiatives should allow the company to exit 2026 within its target gross margin range.

 The company continues to expect meaningful revenue and adjusted EBITDA growth in 2026, supported by new business wins, disciplined cost management and the resilience of its global network.

 Management remains focused on operational execution and shareholder returns while navigating raw material inflation and market volatility.

KWR’s Price PerformanceKWR shares have gained 37.1% in the past year compared with the industry's 5.6% rise.

Image Source: Zacks Investment Research

KWR’s Zacks Rank & Other Key PicksKWR currently carries a Zacks Rank #2 (Buy). 

Other top-ranked stocks in the Basic Materials space include Almonty Industries Inc. (ALM - Free Report) , Neo Performance Materials Inc. (NOPMF - Free Report)  and Skeena Resources Limited (SKE - Free Report) .

Almonty is expected to report second-quarter results on Aug. 13. The Zacks Consensus Estimate for ALM’s second-quarter earnings is pegged at 10 cents per share. It carries a Zacks Rank #2 at present.

NOPMF is slated to report second-quarter results on Aug. 11. The Zacks Consensus Estimate for earnings is pegged at 50 cents per share. NOPMF has a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Skeena Resources is expected to report second-quarter results on Aug. 13. The Zacks Consensus Estimate for SKE’s second-quarter loss is pegged at 11 cents per share. It currently carries a Zacks Rank #2.

MONSEY, N.Y., Aug. 06, 2026 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of MarketAxess Holdings Inc. (Nasdaq: MKTX) (“MarketAxess”) to Intercontinental Exchange, Inc. (“ICE”), pursuant to which MarketAxess shareholders will receive $167.00 per share in cash.

Notably, the $167.00 per share sale price sits well below MarketAxess’ 52-week high of $200.90 per share, which may indicate an opportunistic purchase. Indeed, on July 8, 2026, UBS analyst Alex Kramm announced a price target of $200.00 per share for MarketAxess.

Additionally, on Seeking Alpha, several shareholders have expressed concerns about the price. One shareholder asserted that “accepting ICE’s low ball bid is indefensible.” A different shareholder complained that “management is stealing from shareholders by selling the company down in the hole.” Yet another claimed, “Selling it for a song.”

If you remain a MarketAxess shareholder and have concerns about the fairness of the proposed sale, you may contact our firm at the following link to discuss your legal rights at no charge:

https://wohlfruchter.com/cases/marketaxess/

Alternatively, you may contact us by phone at 866-833-6245, or via email at [email protected].

“We are investigating whether the MarketAxess Board of Directors acted in the best interests of MarketAxess shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter. “This includes whether the cash consideration agreed upon is fair to MarketAxess shareholders in light of the stock's recent trading history, and whether all material information regarding the transaction has been fully disclosed. We encourage MarketAxess stockholders to contact us if they have any concerns.”

About Wohl & Fruchter

Wohl & Fruchter LLP has for over a decade been representing investors in litigation arising from fraud and other corporate misconduct, and recovered hundreds of millions of dollars in damages for investors. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.

Contact:
Wohl & Fruchter LLP
Joshua E. Fruchter
Toll Free 866.833.6245
[email protected]
www.wohlfruchter.com

Consolidated net income of $21.3 million, up 55.5% from the same quarter last year Earnings per share of $0.10, up 42.9% year-over-year Continued progress on proposed Bakken East Pipeline Project 2026 guidance reaffirmed; earnings per share in the range of $0.93 to $1.00 , /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced its financial results for the second quarter of 2026, highlighting continued execution across its regulated utility and pipeline businesses, progress on key growth initiatives and increasing infrastructure opportunities driven by customer growth and emerging demand trends.

"We delivered solid second quarter results while continuing to position the company for long-term growth," said Nicole A. Kivisto, president and CEO of MDU Resources. "Our utility businesses benefited from new rates, customer growth and investments such as Badger Wind Farm, while our pipeline business continued advancing strategic projects that have the potential to create meaningful value over time. We are especially encouraged by the continued advancement of our proposed Bakken East Pipeline Project. We believe our progress with customer commitments demonstrates the project's strategic value. We also remain encouraged by development activity across our service territory, including data center opportunities and growing infrastructure demand."

The following summarizes the company's results for the three and six months ended June 30:

Three Months Ended June 30:

Six Months Ended June 30:

2026

2025

2026

2025

(In millions, except per share amounts)

Net income

$         21.3

$         13.7

$        102.1

$         95.7

Earnings per share, diluted

$           .10

$           .07

$            .49

$           .47

"Our employees continue to demonstrate a commitment to safety, reliability, operational excellence and customer service," Kivisto added. "Their efforts are helping us navigate a dynamic operating environment while advancing important infrastructure investments that support customers and communities.

Proposed Bakken East Pipeline Project Update
The proposed Bakken East Pipeline Project continues to advance through engineering, environmental review and pre-filing activities. With recently signed precedent agreements, we now have executed agreements with all customers that submitted binding open season interest totaling nearly 1.2 billion cubic feet per day of firm natural gas transportation capacity, with a negotiated option in place that may increase the contracted volumes to nearly all of the original interest from our binding open season. The company continues to design the project for 1.4 billion cubic feet per day of transportation capacity. Overall project design is being finalized based on confirmed customer volumes and delivery locations before a final investment decision is made, which is expected ahead of a FERC Section 7(c) application.

This application is now anticipated to be filed in the fourth quarter of 2026. The proposed in-service dates of Phase One in late 2029 and Phase Two in late 2030, remain. As development progresses, the company continues to evaluate all financing options to support the projected $2.7 billion to $3.2 billion project.

Electric Utility Segment
Strong earnings growth driven by Badger Wind recovery, implementation of new and interim rates and increased volumes

Badger Wind Farm contributed $3.3 million in earnings for the quarter Montana interim rates and new Wyoming electric rates contributed positively to results Retail sales volumes increased 8.2% The electric segment earned $14.7 million in the second quarter of 2026, compared with $10.4 million in the second quarter of 2025. In addition to Badger Wind Farm, results benefited from implemented rate increases and higher retail sales volumes. Data center demand continued to contribute to electric retail sales volume growth.

Approach to Data Centers
Our approach to serving data center customers, is grounded in protecting existing customers and ensuring that growth creates value for the communities we serve. Data center customers are responsible for paying the costs associated with connecting to and being served by the electric system, including infrastructure and energy-related expenses. Through careful planning, regulatory oversight and cost-allocation mechanisms, we ensure that existing customers are not subsidizing the costs of serving these new customers. At the same time, the additional revenue generated from serving data center customers can help support the electric system and contribute to reducing certain fixed costs by allocating them across a broader customer base. This current approach creates benefits for all customers.

Regulatory Update:

North Dakota: Filed an electric general rate case on June 30, 2026, requesting an annual revenue increase of approximately $34.5 million. Interim rates of approximately $26.3 million have been requested beginning Sept. 1, 2026. The filing reflects investments in electric infrastructure, normal depreciation of those assets, reliability improvements, system safety and higher operation and maintenance expense. Entered into an electric service agreement (ESA) in June with Applied Digital Corp. to serve Polaris Forge 3, an AI Factory near Center, North Dakota. At full capacity, the campus would require 430 megawatts of electricity. Approval of the ESA and other regulatory filings by the North Dakota Public Service Commission is pending. In June, the North Dakota Public Service Commission approved the route permit for the Jamestown-to-Ellendale Transmission Project (JETx). The project is expected to enhance reliability, improve resiliency, reduce transmission congestion and support access to lower-cost energy across the region. Montana: Interim electric rates reflecting an annual increase of approximately $10.4 million remain in effect, subject to refund. A settlement agreement of $10.0 million has been filed and is pending approval by the Montana Public Service Commission. Wyoming: General rate case settlement was approved for an annual increase of $5.8 million with rates effective April 1, 2026; reflecting recovery of infrastructure investments as well as associated operation and maintenance expense. Natural Gas Distribution Segment
New rates and higher retail sales volumes support improved year-over-year results, offset by interest expense increases

Positive contributions from new rates in Idaho, Washington, Montana and Wyoming Retail sales volumes increased 6.7% Continued customer growth of 1.6% year-over-year Increased interest expense due to higher long-term debt balances The natural gas distribution segment reported a seasonal second quarter loss of $3.9 million, compared with a seasonal loss of $7.4 million in the prior-year period. Results benefited from new rates across multiple jurisdictions, increased retail sales volumes and continued customer growth. The higher interest expense partially offset the gains.

Regulatory Update:

Washington: Filed a multiyear natural gas rate case with the Washington Utilities and Transportation Commission requesting an annual revenue increase of $25.1 million in year one, and $18.1 million in year two. The filing reflects investments in natural gas infrastructure, reliability improvements, system safety and normal depreciation of those assets. The request is pending a decision by the commission. Oregon: A multi-party settlement agreement of $12.2 million has been filed and is pending approval by the Oregon Public Utility Commission. Minnesota: General rate case filing is anticipated later this year. Pipeline Segment
Strategic growth initiatives continue to advance

Continued development of the proposed Bakken East Pipeline Project Progress on additional growth projects Strong transportation demand across the system The pipeline segment earned approximately $14.4 million in the second quarter of 2026, compared with $15.4 million in the second quarter of 2025. Results were driven by lower other income and higher depreciation expense. These impacts were partially offset by increased transportation revenue, primarily due to customer demand for short-term natural gas transportation contracts.

Strategic Project Updates:

Proposed Bakken East Pipeline Project: Development activities continued during the quarter as the company advanced customer agreements, engineering work and regulatory activities. We have executed precedent agreements totaling nearly 1.2 billion cubic feet per day, with a negotiated option in place for nearly all of the original interest from our binding open season. The company continues engineering, environmental, cultural resource and stakeholder engagement activities while evaluating financing and partnership opportunities. Development activities remain focused on creating long-term value while advancing a strategically significant infrastructure project for North Dakota and the broader region. Line Section 32 Expansion Project: The project remains on schedule following the filing of a FERC 7(c) application in March 2026. The filing represents an important regulatory milestone as the project advances toward its targeted late-2028 in-service date, subject to regulatory approvals. Minot Industrial Project: Development activities for this potential project continue under agreements currently extended through late 2026. The proposed project could consist of an approximately 90-mile pipeline from Tioga, North Dakota to Minot, North Dakota and ancillary facilities to support anticipated industrial demand in the area. Regulatory Update:

FERC rate case filed on May 29, 2026, requesting updated transportation and storage services rates. The filing seeks a $31 million annual revenue increase. Approximately 30% of the requested revenue increase is due to proposed new depreciation and amortization rates. FERC accepted and suspended the proposed rates on June 30, 2026, with rates to become effective Dec. 1, 2026, subject to refund and the outcome of hearing procedures if a settlement with our customers and FERC is not reached. Guidance
MDU Resources is reaffirming guidance and expects earnings per share to be in the range of $0.93 to $1.00.

The expected 2026 results are based on several assumptions, including normal weather, economic and operating conditions for the remainder of the year, continued customer growth, successful execution of approved capital investment programs and constructive regulatory outcomes.

The company's long-term earnings-per-share growth objective remains 6% to 8%.

Conference Call
MDU Resources will webcast its second quarter 2026 earnings conference call today at 2 p.m. ET. The webcast can be accessed through the Investors section of the company's website. A replay will be available following the call.

About MDU Resources Group, Inc.
MDU Resources Group, Inc., a member of the S&P SmallCap 600 index, strives to deliver safe, reliable, cost-effective and environmentally responsible electric utility and natural gas distribution services to more than 1.2 million customers across the Pacific Northwest and Midwest. In addition to its utility operations, the company's pipeline business operates a more than 3,800-mile natural gas pipeline network and storage system, ensuring reliable energy delivery across the Northern Plains. With a legacy spanning over a century, MDU Resources remains focused on energizing lives for a better tomorrow. For more information about MDU Resources, visit www.mdu.com or contact the investor relations department at [email protected]. 

Investor Contact: Brent Miller, treasurer, 701-530-1730
Media Contact: Byron Pfordte, director of integrated communications, 208-377-6050

Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the federal securities laws. Other than statements of historical facts, all statements which address activities, events or developments that the company anticipates will or may occur in the future are forward-looking statements based on underlying assumptions (many of which are based, in turn, upon further assumptions), including but not limited to, statements identified by the words "anticipates," "estimates," "expects," "intends," "plans," and "predicts," in each case related to such things as growth estimates, stockholder value creation, the company's "CORE" strategy, capital expenditures, financial guidance, trends, objectives, goals, dividend payout ratio targets, earnings per share growth targets, customer rates, regulatory approvals, sustainability, strategies and other such matters. These forward-looking statements are based on many assumptions and factors, which are detailed in the company's filings with the U.S. Securities and Exchange Commission.

While made in good faith, these forward-looking statements are based largely on the company's expectations and judgments and are subject to a number of risks and uncertainties, many of which are unforeseeable and beyond the company's control. For additional discussion regarding risks and uncertainties that may affect forward-looking statements, see "Risk Factors" disclosed in the company's most recent Annual Report on Form 10-K, and subsequent filings. Any changes in such assumptions or factors could produce significantly different results. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Except as required by applicable law, the company undertakes no obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.

Consolidated Statements of Income

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

(In millions, except per share amounts)

(Unaudited)

Operating revenues

$    375.2

$    351.2

$    981.2

$  1,026.0

Operating expenses:

Purchased natural gas sold

93.5

96.0

332.9

413.2

Electric fuel and purchased power

38.6

34.9

84.7

78.6

Operation and maintenance

114.1

112.8

228.9

223.9

Depreciation and amortization

55.2

51.8

109.4

103.1

Taxes, other than income

25.9

25.3

61.7

64.0

Total operating expenses

327.3

320.8

817.6

882.8

Operating income

47.9

30.4

163.6

143.2

Other income

6.2

9.9

8.8

14.9

Interest expense

31.5

25.4

64.2

52.2

Income before income taxes

22.6

14.9

108.2

105.9

Income tax expense

3.3

.8

8.0

9.3

Income from continuing operations

19.3

14.1

100.2

96.6

Discontinued operations, net of tax

2.0

(.4)

1.9

(.9)

Net income

$      21.3

$      13.7

$    102.1

$      95.7

Earnings per share – basic:

Income from continuing operations

$       .09

$       .07

$       .48

$       .47

Discontinued operations, net of tax

.01

—

.01

—

Earnings per share – basic

$       .10

$       .07

$       .49

$       .47

Earnings per share – diluted:

Income from continuing operations

$       .09

$       .07

$       .48

$       .47

Discontinued operations, net of tax

.01

—

.01

—

Earnings per share – diluted

$       .10

$       .07

$       .49

$       .47

Weighted average common shares outstanding – basic

209.6

204.3

207.5

204.2

Weighted average common shares outstanding – diluted

211.7

205.2

209.3

205.1

Selected Cash Flows Information

Six Months Ended

June 30,

2026

2025

(In millions)

Net cash provided by operating activities

$    265.3

$    334.9

Net cash used in investing activities

(196.1)

(174.4)

Net cash used in financing activities

(51.1)

(168.6)

Increase (decrease) in cash, cash equivalents and restricted cash

18.1

(8.1)

Cash, cash equivalents and restricted cash - beginning of year

28.2

66.9

Cash, cash equivalents and restricted cash - end of period

$      46.3

$      58.8

Capital Expenditures

Business Line

2026
Estimated

2027
Estimated

2028
Estimated

2029
Estimated

2030
Estimated

2026-2030
Total
Estimated

(In millions)

Electric

$       129

$       309

$       250

$       184

$       210

$    1,082

Natural gas distribution

340

295

240

254

223

1,352

Pipeline

60

70

181

282

50

643

Total capital expenditures1

$       529

$       674

$       671

$       720

$       483

$    3,077

1 Excludes Other category

Note: Total capital expenditures is presented on a net basis

The capital program is subject to continued review and modification by the company. Actual expenditures may vary from estimates. Investment in the potential Bakken East Pipeline project would be incremental to the outlined capital program.

Electric

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

(In millions)

Operating revenues1,2

$    116.1

$      98.1

$    237.3

$    210.5

Operating expenses:

Electric fuel and purchased power1

38.6

34.9

84.7

78.6

Operation and maintenance

31.2

29.9

60.1

58.5

Depreciation and amortization

20.3

17.4

39.9

34.6

Taxes, other than income

5.4

4.7

10.9

9.5

Total operating expenses

95.5

86.9

195.6

181.2

Operating income

20.6

11.2

41.7

29.3

Other income

1.9

2.7

2.3

3.7

Interest expense

11.2

7.6

23.1

15.5

Income before income taxes

11.3

6.3

20.9

17.5

Income tax benefit2

(3.4)

(4.1)

(8.3)

(7.9)

Net income

$      14.7

$      10.4

$      29.2

$      25.4

Operating Statistics

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Revenues (millions)1,2

Retail sales:

Residential

$      35.3

$      28.3

$      74.4

$      66.5

Commercial3

48.8

41.2

95.7

86.4

Industrial

11.0

9.1

20.9

17.9

Other

2.0

1.8

4.0

3.5

97.1

80.4

195.0

174.3

Other

19.0

17.7

42.3

36.2

$    116.1

$      98.1

$    237.3

$    210.5

Volumes (million kWh)

Retail sales:

Residential

253.4

235.8

585.4

606.5

Commercial3

732.1

672.7

1,474.0

1,396.6

Industrial

128.7

120.0

249.4

236.7

Other

20.1

20.1

39.3

40.3

1,134.3

1,048.6

2,348.1

2,280.1

Average cost of electric fuel and purchased power per kWh

$      .026

$      .024

$      .027

$      .025

The previous tables reflect items that are passed through to customers resulting in minimal impact
to earnings. These items include:

1 Electric fuel and purchased power costs, which impact both operating revenues and electric
  fuel and purchased power expense.

2 Production tax credits, which impact income tax benefit and operating revenues.

3 Commercial includes the impact from data centers.

The electric business reported net income of $14.7 million in the second quarter of 2026, compared to $10.4 million for the same period in 2025. This increase was largely the result of higher retail sales revenue, primarily from recovery mechanisms associated with renewable investments including Badger Wind Farm. Interim rates in Montana and new rates in Wyoming, along with higher retail sales volumes across all major customer classes, further drove the increase. The increase was partially offset by higher interest expense associated with debt issuances for recent capital investments, including Badger Wind Farm, as well as higher depreciation expense and operation and maintenance expense, primarily related to Badger Wind Farm.

Natural Gas Distribution

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

(In millions)

Operating revenues1,2,3

$    212.6

$    206.9

$    675.1

$    746.2

Operating expenses:

Purchased natural gas sold1

103.4

105.8

377.2

456.3

Operation and maintenance2

60.8

60.5

126.0

124.1

Depreciation and amortization

26.6

26.5

53.0

52.6

Taxes, other than income3

16.8

17.0

43.3

47.6

Total operating expenses

207.6

209.8

599.5

680.6

Operating income (loss)

5.0

(2.9)

75.6

65.6

Other income

3.8

5.1

6.1

8.4

Interest expense

15.9

13.8

32.2

28.6

Income (loss) before income taxes

(7.1)

(11.6)

49.5

45.4

Income tax (benefit) expense

(3.2)

(4.2)

9.2

8.1

Net income (loss)

$      (3.9)

$      (7.4)

$      40.3

$      37.3

Operating Statistics

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Revenues (millions)1,2,3

Retail Sales:

Residential

$    111.1

$    106.1

$    370.6

$    397.7

Commercial

63.5

63.4

213.7

253.0

Industrial

8.7

9.4

22.1

25.1

183.3

178.9

606.4

675.8

Transportation and other

29.3

28.0

68.7

70.4

$    212.6

$    206.9

$    675.1

$    746.2

Volumes (MMdk)

Retail sales:

Residential

9.1

8.5

35.6

40.3

Commercial

7.4

7.0

26.0

28.9

Industrial

1.1

1.0

2.6

2.7

17.6

16.5

64.2

71.9

Transportation sales:

Commercial

.3

.3

.9

1.1

Industrial

32.4

38.1

71.3

86.5

32.7

38.4

72.2

87.6

Total throughput

50.3

54.9

136.4

159.5

Average cost of natural gas per dk

$      5.88

$      6.42

$      5.88

$      6.35

The previous tables reflect items that are passed through to customers resulting in minimal impact
to earnings. These items include:

1 Natural gas costs, which impact operating revenues and purchased natural gas sold.

2 Conservation, which impacts operating revenues and operation and maintenance expense.

3 Revenue-based taxes that impact both operating revenues and taxes, other than income.

The natural gas distribution business reported a seasonal loss of $3.9 million in the second quarter of 2026, compared to a seasonal loss of $7.4 million for the same period in 2025. The lower seasonal loss was primarily driven by new rates in Idaho, Washington, Montana and Wyoming, as well as higher retail sales volumes across all customer classes. These impacts were partially offset by higher interest expense resulting from higher long-term debt balances.

Pipeline

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

(In millions)

Operating revenues

$      56.7

$      56.3

$    113.8

$    113.0

Operating expenses:

Operation and maintenance

22.4

22.4

43.2

41.7

Depreciation and amortization

8.3

7.9

16.5

15.9

Taxes, other than income

3.7

3.6

7.5

6.9

Total operating expenses

34.4

33.9

67.2

64.5

Operating income

22.3

22.4

46.6

48.5

Other income

.3

1.7

—

2.1

Interest expense

4.2

4.3

8.2

8.5

Income before income taxes

18.4

19.8

38.4

42.1

Income tax expense

4.0

4.4

8.7

9.5

Net income

$      14.4

$      15.4

$      29.7

$      32.6

Operating Statistics

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Transportation volumes (MMdk)

150.4

151.4

293.6

294.9

Customer natural gas storage balance (MMdk):

Beginning of period

27.3

22.1

37.6

44.1

Net injection (withdrawal)

14.2

12.5

3.9

(9.5)

End of period

41.5

34.6

41.5

34.6

The pipeline business reported net income of $14.4 million in the second quarter of 2026, compared to $15.4 million for the same period in 2025. The decrease was driven by lower other income and higher depreciation and amortization expense from a growth project placed in service. These impacts were partially offset by continued customer demand for short-term natural gas transportation contracts and interruptible storage services, as well as contributions from previously constructed growth projects, including a contracted volume increase.

Other

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

(In millions)

Operating revenues

$         .2

$         .1

$         .4

$         .3

Operating expenses:

Operation and maintenance

.2

.4

.7

.5

Total operating expenses

.2

.4

.7

.5

Operating loss

—

(.3)

(.3)

(.2)

Other income

.6

1.6

1.7

3.0

Interest expense

.6

.9

2.0

1.9

Income (loss) before income taxes

—

.4

(.6)

.9

Income tax (benefit) expense

5.9

4.7

(1.6)

(0.4)

Income (loss) from continuing operations

(5.9)

(4.3)

1.0

1.3

Discontinued operations, net of tax

2.0

(.4)

1.9

(.9)

Net income (loss)

$      (3.9)

$      (4.7)

$       2.9

$         .4

For the second quarter of 2026 Other reported a net loss of $3.9 million compared to a net loss of $4.7 million for the same period in 2025. The increase was primarily due to income from discontinued operations associated with a $1.5 million tax benefit related to an election to change the tax method for certain strategic initiative costs. Other also reflects income tax adjustments related to the company's annualized estimated tax rate.

Other includes the activities of the captive insurer which insures various types of risks of the company's subsidiaries. Also included in Other is general and administrative costs and interest expense previously allocated to the company's former businesses that did not meet the criteria for discontinued operations. Discontinued operations includes certain costs associated with legacy business activities.

Other Financial Data

June 30,

2026

2025

(In millions, except per share amounts)

(Unaudited)

Book value per common share

$          13.91

$          13.37

Market price per common share

$          21.21

$          16.67

Market value as a percent of book value

152.5 %

124.7 %

Total assets

$          7,712

$          6,946

Total equity

$          2,927

$          2,732

Total debt

$          2,577

$          2,182

Capitalization ratios:

Total equity

53.2 %

55.6 %

Total debt

46.8 %

44.4 %

100.0 %

100.0 %

SOURCE MDU Resources Group, Inc.

Privia Health (PRVA - Free Report) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -12.50%. A quarter ago, it was expected that this physician practice management company would post earnings of $0.08 per share when it actually produced earnings of $0.02, delivering a surprise of -75%.

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

Privia Health, which belongs to the Zacks Medical Info Systems industry, posted revenues of $632.63 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 8.76%. This compares to year-ago revenues of $521.15 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.

Privia Health shares have added about 1.1% since the beginning of the year versus the S&P 500's gain of 12.8%.

What's Next for Privia Health?While Privia Health has underperformed 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 Privia Health 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 $0.08 on $604.98 million in revenues for the coming quarter and $0.27 on $2.4 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, Medical Info Systems is currently in the top 28% 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, Veeva Systems (VEEV - Free Report) , is yet to report results for the quarter ended July 2026.

This provider of cloud-based software services for the life sciences industry is expected to post quarterly earnings of $2.22 per share in its upcoming report, which represents a year-over-year change of +11.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Veeva Systems' revenues are expected to be $904.07 million, up 14.6% from the year-ago quarter.

Fox won't negotiate a new NFL media rights deal before 2030, when its current contract with the league expires via an opt-out clause, Chief Executive Officer Lachlan Murdoch said during a Thursday earnings conference call.

The NFL has held preliminary discussions with both Fox and CBS-parent Paramount Skydance about reworking the deals to eliminate the league's opt-out clause and raise the cost of the live rights, CNBC previously reported. Fox and CBS own the NFL's Sunday afternoon packages of live game rights.

Without the opt out, Fox and Paramount's deals with the league extend until the end of the 2033-34 season.

Murdoch said Thursday that those preliminary discussions led Fox to decide it won't strike a new deal.

"In advance of the season, we've had a recent thorough and productive discussions with the league, and as a result, we will not be making any amendments to our existing contractual relationship, which extends to the completion of the 2029 season," Murdoch said. "We'll be ready to engage with the NFL on the opt-out seasons and beyond at a date closer to the 2030 season, which has been the customary timetable."

The NFL maintains flexibility to renew deals early with its other media partners, including adding new partners as it has in recent years with YouTube and Netflix. An NFL spokesperson declined to comment on Murdoch's remarks.

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NFL Commissioner Roger Goodell told CNBC last year he felt the league's rights were relatively undervalued compared to other sports. The NBA nearly tripled its media rights revenue with an 11-year, $77 billion deal struck in 2024.

The NFL signed its most recent media rights deal, worth more than $100 billion, in 2021.

"I think our partners would want to sit down and talk to us at any time, and we continue to dialogue with them. I like that opportunity," Goodell said in September. "Obviously it's not going to happen this year. But it could happen as early as next year. That could happen."

NFL programming is consistently the most watched on television. Murdoch said Fox's relationship with the NFL "is an incredibly positive one."

The NFL had discussed an increase of nearly $1 billion per year in rights costs in early talks with Paramount, CNBC reported earlier this year. In return, the league would guarantee carriage on CBS until 2034. Under the terms of the current contract, the NFL can walk away from the deal with all of its partners except Disney at the end of the 2029-30 season. Disney has one extra year.

Disney Chief Financial Officer Hugh Johnston told CNBC earlier this week that the NFL hasn't yet engaged Disney on a new deal.

"We really have pretty much all the sports rights that we need locked up into the 2030s. The NFL, you've seen they have commented a few times on reopening that, but they have not talked to us about that. So we'll see how that plays out," Johnston said in an interview.

Insmed (INSM - Free Report) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $0.69. This compares to a loss of $1.7 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +24.64%. A quarter ago, it was expected that this biopharmaceutical developing inhaled treatments for patients battling rare lung diseases would post a loss of $0.9 per share when it actually produced a loss of $0.76, delivering a surprise of +15.56%.

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

Insmed, which belongs to the Zacks Medical - Biomedical and Genetics industry, posted revenues of $425.49 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 9.18%. This compares to year-ago revenues of $107.42 million. The company has topped consensus revenue estimates two 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.

Insmed shares have lost about 43.1% since the beginning of the year versus the S&P 500's gain of 12.8%.

What's Next for Insmed?While Insmed has underperformed 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 Insmed 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 -$0.52 on $461.86 million in revenues for the coming quarter and -$2.43 on $1.69 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, Medical - Biomedical and Genetics is currently in the top 44% 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, Eton Pharmaceuticals, Inc. (ETON - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 13.

This company is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents a year-over-year change of +230%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Eton Pharmaceuticals, Inc.'s revenues are expected to be $27.22 million, up 43.8% from the year-ago quarter.

FS KKR Capital (FSK - Free Report) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to a loss of $0.6 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +4.88%. A quarter ago, it was expected that this business development company would post earnings of $0.44 per share when it actually produced earnings of $0.41, delivering a surprise of -6.82%.

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

FS KKR Capital, which belongs to the Zacks Financial - SBIC & Commercial Industry industry, posted revenues of $290 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.31%. This compares to year-ago revenues of $398 million. The company has topped consensus revenue estimates just once 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.

FS KKR Capital shares have lost about 25.5% since the beginning of the year versus the S&P 500's gain of 12.8%.

What's Next for FS KKR Capital?While FS KKR Capital has underperformed 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 FS KKR Capital 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 $0.41 on $285.25 million in revenues for the coming quarter and $1.64 on $1.16 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, Financial - SBIC & Commercial Industry is currently in the bottom 31% 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.

PennantPark (PNNT - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 10.

This business development company is expected to post quarterly earnings of $0.14 per share in its upcoming report, which represents a year-over-year change of -22.2%. The consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level.

PennantPark's revenues are expected to be $25.39 million, down 14.1% from the year-ago quarter.

Lamar Advertising (LAMR - Free Report) came out with quarterly funds from operations (FFO) of $2.4 per share, beating the Zacks Consensus Estimate of $2.3 per share. This compares to FFO of $2.22 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an FFO surprise of +4.35%. A quarter ago, it was expected that this outdoor and transit advertising company would post FFO of $1.57 per share when it actually produced FFO of $1.72, delivering a surprise of +9.55%.

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

Lamar, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $616.75 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.44%. This compares to year-ago revenues of $579.31 million. 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 FFO expectations will mostly depend on management's commentary on the earnings call.

Lamar shares have added about 25% since the beginning of the year versus the S&P 500's gain of 12.8%.

What's Next for Lamar?While Lamar 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 FFO outlook. Not only does this include current consensus FFO 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 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 estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Lamar 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 FFO estimate is $2.35 on $614.19 million in revenues for the coming quarter and $8.81 on $2.38 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, REIT and Equity Trust - Other is currently in the top 30% 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.

National Health Investors (NHI - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 10.

This health care real estate investment trust is expected to post quarterly earnings of $1.26 per share in its upcoming report, which represents a year-over-year change of +3.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

National Health Investors' revenues are expected to be $118 million, up 30.2% from the year-ago quarter.

US Foods (USFD - Free Report) came out with quarterly earnings of $1.44 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +5.11%. A quarter ago, it was expected that this company would post earnings of $0.82 per share when it actually produced earnings of $0.78, delivering a surprise of -4.88%.

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

US Foods, which belongs to the Zacks Food - Miscellaneous industry, posted revenues of $10.53 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.67%. This compares to year-ago revenues of $10.08 billion. The company has topped consensus revenue estimates two 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.

US Foods shares have added about 33.4% since the beginning of the year versus the S&P 500's gain of 12.8%.

What's Next for US Foods?While US Foods 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 US Foods was favorable. 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 #2 (Buy) for the stock. So, the shares are expected to outperform 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 $1.25 on $10.58 billion in revenues for the coming quarter and $4.63 on $41.43 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, Food - Miscellaneous is currently in the bottom 16% 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.

Campbell's (CPB - Free Report) , another stock in the same industry, has yet to report results for the quarter ended July 2026.

This maker of canned soup, Pepperidge Farm cookies and V8 juice is expected to post quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of -35.5%. The consensus EPS estimate for the quarter has been revised 7.3% lower over the last 30 days to the current level.

Campbell's' revenues are expected to be $2.16 billion, down 7.1% from the year-ago quarter.

Papa John's (PZZA - Free Report) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +6.98%. A quarter ago, it was expected that this pizza chain would post earnings of $0.4 per share when it actually produced earnings of $0.32, delivering a surprise of -20%.

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

Papa John's, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $482.4 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.02%. This compares to year-ago revenues of $529.17 million. The company has topped consensus revenue estimates just once 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.

Papa John's shares have lost about 22.7% since the beginning of the year versus the S&P 500's gain of 12.8%.

What's Next for Papa John's?While Papa John's has underperformed 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 Papa John's 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 #5 (Strong 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 $0.28 on $475.69 million in revenues for the coming quarter and $1.47 on $1.91 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, Retail - Restaurants is currently in the bottom 22% 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.

Aramark (ARMK - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 11.

This provider of food, facilities and uniform services is expected to post quarterly earnings of $0.48 per share in its upcoming report, which represents a year-over-year change of +20%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Aramark's revenues are expected to be $4.95 billion, up 6.9% from the year-ago quarter.

Two-decade track record of building the freight forwarding industry's premier agent network now extends to truck brokerage and intermodal markets, giving agency owners a built-in path to long-term liquidity

, /PRNewswire/ -- Radiant Logistics, Inc. (NYSE American: RLGT), a technology-enabled global transportation and value-added logistics services company, today announced the launch of a new independent agent program at Radiant Road & Rail, Inc., the Company's U.S. over-the-road and intermodal brokerage platform. The program extends the same agent-based growth strategy that has been central to Radiant's freight forwarding business, Radiant Global Logistics, to a new population of strategic operating partners operating in the truck brokerage and intermodal market, bringing the same built-in path to ownership and long-term liquidity that has long distinguished Radiant's freight forwarding agent model. The launch is anchored by the addition of two initial agency owners, Travis Tackett and Ryan Knight.

Since entering the freight forwarding business in 2006 with the acquisition of Airgroup, Radiant has built one of the industry's leading agent-based networks through a series of acquisitions, including Adcom Worldwide (2008), Distribution By Air (2011) and Service By Air (2015), along with the organic addition of dozens of independent agent locations across North America. Today, that platform gives owner-operators and independent sales professionals in the freight forwarding world access to enterprise-grade technology, purchasing power, back-office support and a path to build long-term equity value in their business. This includes, when the time comes, a built-in exit strategy whereby Radiant will buy in the agent.

The new Radiant Road & Rail agent program is designed to bring that same value proposition to entrepreneurs in the agent-based truck brokerage ecosystem. Agents gain access to Radiant's carrier base, technology platform, back-office infrastructure and bi-modal service offering spanning truckload, less-than-truckload, temperature-controlled, intermodal, drayage and transloading services.

The platform also gives agents a meaningful edge with their customers. Rather than being limited to truck brokerage alone, they can now offer intermodal services along with international air and ocean freight forwarding, customs brokerage and other value-added services through the broader Radiant network.

Just as importantly, it gives agency owners a clear, structured path to monetize the value of the business they build. That built-in succession and liquidity opportunity is one of the most distinctive features of the Radiant model.

"Our goal at Radiant has always been to be the preferred platform for logistics entrepreneurs," said Bohn Crain, Founder, Chairman and CEO of Radiant Logistics. "For twenty years, we've proven that mission through the growth of our freight forwarding agent network, where we provide our strategic operating partners with the resources to grow their business, as well as a built-in exit strategy when they are ready for one. We have long believed that same model can work equally well in the truck brokerage and intermodal space. With the launch of Radiant Road & Rail's agent program, we will be giving talented, customer-focused operators the platform, technology and support to build their own business under the Radiant umbrella, with a clear path to monetizing what they've built, and we are excited to bring that opportunity to a new community of entrepreneurs."

"Radiant Road & Rail has spent the past several years building the technology, carrier relationships and operational depth needed to compete at the highest levels of the brokerage business," said Chris Brach, SVP and General Manager of Radiant Road & Rail. "Over that time, we've built out our over-the-road brokerage offering using Revenova as our transportation management system and are pleased to now have the opportunity to open up the full capabilities of the Road & Rail platform to independent agents who want the autonomy of running their own business without having to build the infrastructure behind it themselves."

"Whether someone is an established agent looking for a stronger platform, or an experienced sales or operations professional ready to build something of their own, we are here to support them every step of the way. Just as importantly, we can offer a proven path to an eventual exit, backed by the resources of a publicly traded company with a two-decade history of supporting logistics entrepreneurs," said Brach.

With 14 years of experience in the transportation and brokerage industry, Travis Tackett will be servicing customers across the United States moving produce. "We view this as a unique opportunity to leverage the capabilities of the Radiant network to help drive value for our customers and ultimately help us take our business to the next level," said Tackett.

Ryan Knight, with over 13 years of industry experience, will also be servicing customers across the United States and specializes in moving oversized and heavy, hard-to-handle freight. "We are very excited to be joining the Radiant network," said Knight. "The Radiant team has a real appreciation for the needs of local owner-entrepreneurs and a clear and achievable plan for building a world-class logistics organization. The combination of people, process, technology and network is unique in the marketplace and represents a compelling opportunity for our organization."

Radiant Road & Rail's agent program is built around the following core offerings:

Access to Radiant Road & Rail's carrier network and pricing power across truckload, LTL, intermodal, drayage and temperature-controlled freight A technology-enabled operating platform supporting quoting, tracking, carrier management and customer-facing tools Centralized back-office support, including billing, collections, claims and compliance A clear path to building long-term, transferable equity value in an independent agency business, supported by Radiant's built-in exit strategy to monetize what they've built and achieve liquidity on their own timeline The ability to cross-sell international air and ocean freight forwarding, customs brokerage and other value-added services through Radiant's broader network Radiant is actively recruiting experienced logistics entrepreneurs, including current agents seeking a stronger platform, regional brokerages, and sales-driven operators, to join the Radiant Road & Rail network.

For more information, visit rrs.radiantdelivers.com or contact Chris Brach at 630.427.3075 or [email protected].

About Radiant Road & Rail, Inc.

Radiant Road & Rail, Inc. (rrs.radiantdelivers.com) is a wholly owned subsidiary of Radiant Logistics, Inc. and serves as the platform for the Radiant Network's U.S. intermodal and over-the-road brokerage service offering. Originally founded in 1938 as Clipper Exxpress, the company was a pioneering intermodal service provider, offering "piggyback" rail transportation by contracting flat space on rail cars to transport semi-trailers across the continent. Over its 85-plus year history, Radiant Road & Rail has evolved into a leader in intermodal, over-the-road and temperature-controlled transportation services, leveraging decades of mode-optimization experience to offer rail as a valuable, eco-friendly mode of on-time, long-distance transportation throughout the United States, Canada and Mexico.

About Radiant Logistics, Inc.

Radiant Logistics, Inc. (www.radiantdelivers.com) (NYSE American: RLGT) is a publicly traded third-party logistics company providing technology-enabled global transportation and value-added logistics solutions primarily to customers based in the United States and Canada. Through its comprehensive service offering, Radiant provides domestic and international freight forwarding along with truck and rail brokerage services to a diversified account base including manufacturers, distributors and retailers, which it supports from an extensive network of Company-owned and agent-owned offices throughout North America and other key markets around the world.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding future operating performance, events, trends and plans, including statements with respect to the anticipated growth and benefits of the Company's new agent program at Radiant Road & Rail. Such statements are based on current expectations and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Additional information concerning these risks and uncertainties is contained in the Company's filings with the Securities and Exchange Commission. Radiant undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.

SOURCE Radiant Logistics, Inc.

Douglas Emmett NYSE: DEI reported a busy second quarter marked by stronger office leasing, a Beverly Hills medical-office acquisition, progress on redevelopment projects and more than $800 million of debt refinancing.

Chairman and CEO Jordan Kaplan said the company advanced each of its four strategic priorities: leasing office space, acquiring properties at attractive prices, redeveloping assets and refinancing debt maturities. Douglas Emmett signed approximately 960,000 square feet of office leases during the quarter and generated roughly 60,000 square feet of positive absorption.

“Healthy office rents and low concessions” helped the company execute new leases that were 3% more valuable than the expiring leases they replaced, Kaplan said. He added that most of the benefit from the quarter’s leasing activity will be realized over the next 12 months.

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Office leasing momentum builds Vice President of Investor Relations Stuart McElhinney said Douglas Emmett completed 234 office leases totaling just under 960,000 square feet in the second quarter. The activity included 93 new leases spanning more than 375,000 square feet and 141 renewal leases covering more than 584,000 square feet.

The straight-line value of leases signed during the quarter increased 3.2% from the prior leases for the same space. The company’s typical fixed annual rent escalations of 3% to 5% continued to offset lower initial cash rents, McElhinney said. Lease transaction costs averaged $5.35 per square foot per year, which he described as well below office-sector benchmarks.

Management said leasing momentum has now continued for three consecutive quarters. McElhinney characterized the first quarter as more influenced by larger transactions, while the second quarter reflected more typical activity among tenants leasing more than 10,000 square feet. Kaplan said he was encouraged by the company’s leasing performance and by what he described as favorable momentum heading into the second half of the year.

During the question-and-answer session, Kaplan said demand has improved among larger tenants, while smaller tenants had continued leasing at a relatively consistent pace. McElhinney said demand remained diversified across the company’s major tenant categories, including legal, financial services, real estate and entertainment. He said entertainment leasing has been strong despite industry headlines.

Management also highlighted the gap between leased and occupied space, which was about 470 basis points. Kaplan said a wider spread reflects fast leasing activity, although it also means revenue recognition and occupancy gains will occur over time as tenants complete buildouts and take possession.

Studio Plaza enters in-service portfolio Douglas Emmett moved Studio Plaza in Burbank from development to its in-service portfolio after leasing the property to well over 50%. However, management said first-generation tenant buildouts will take time, widening the gap between leased and occupied space for the next several quarters.

Because Studio Plaza’s occupancy remains below the company’s broader office portfolio average, its inclusion will reduce reported office leased and occupied percentages until the property reaches or exceeds that average. The company lowered its full-year office occupancy guidance range to 75% to 77%, solely due to including Studio Plaza for the full year, Chief Financial Officer Peter Seymour said.

Kaplan said Studio Plaza has no debt and that most of its metrics had already been included in company reporting. He said the primary effect of moving the asset into service relates to leasing and occupancy statistics. McElhinney added that Studio Plaza’s operating performance contributed to improved operating-income expectations.

Acquisition and redevelopment activity In April, Douglas Emmett and joint venture partners acquired The Bedford Collection, a five-building, 246,000-square-foot medical-office portfolio in Beverly Hills’ Golden Triangle, for $260 million. The portfolio was described as extremely well leased.

The joint venture was capitalized with $150 million of equity and $130 million of debt. Douglas Emmett manages the venture and holds a 13.3% equity interest.

Kaplan said the company is pursuing additional acquisitions, including potentially sizable office opportunities, and sees attractive pricing for high-quality office assets. He said the company’s estimated 10-year all-cash internal rates of return on opportunities under consideration were “probably coming in 10% or better,” excluding the economics of joint-venture structures.

He said the company is more focused on office acquisitions than apartment acquisitions, as apartments continue to trade at comparatively low capitalization rates. Douglas Emmett’s residential portfolio remained more than 99% leased, while cash same-property residential net operating income rose 2% from the prior-year quarter.

On redevelopment, Kaplan said apartment projects remain on track to add more than 1,000 units. He also said the company has slowed the timing of a redevelopment at 10900 Wilshire while evaluating interest from potential large office tenants. The project is still expected to include residential space, he said, but could potentially become mixed use if office leasing opportunities materialize.

Financial results and debt refinancing Second-quarter revenue increased to $257 million from $252 million in the second quarter of 2025. Funds from operations increased but remained rounded to $0.37 per share, while adjusted funds from operations rose to $56 million from $54 million. Same-property cash net operating income declined 1.2% for the quarter.

Seymour said general and administrative expense represented about 4.9% of revenue, which he said remained the lowest level among the company’s benchmark group.

Douglas Emmett refinanced two office loans scheduled to mature later in the year. In May, it refinanced a $400 million loan for four years and effectively fixed its interest rate at 6.15% through June 2029. In June, it refinanced a $415 million loan for four years and effectively fixed the rate at 6.18% through July 2029.

The company improved its operating-income outlook but said higher market interest rates were expected to more than offset that improvement. Douglas Emmett now expects 2026 diluted net income per common share of negative $0.20 to negative $0.16 and fully diluted FFO per share of $1.39 to $1.43.

Kaplan said management is evaluating ways to manage its exposure to higher interest costs as loans approach refinancing. He emphasized that the company maintains equity across its properties and said no buildings or ownership interests were jeopardized by its debt position.

About Douglas Emmett (NYSE:DEI)Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high‐quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long‐term cash flows.

The company's office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.

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

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6.8.2026 15:54, HONA

Letecká a obranná společnost Honeywell Aerospace reportovala výsledky hospodaření za druhé čtvrtletí roku 2026 – první report od svého odštěpení od Honeywell International. Firma zároveň výrazně snížila celoroční výhled organického růstu tržeb i očištěného provozního zisku (EBIT), a to kvůli problémům v dodavatelském řetězci.

Výsledky společnosti Honeywell Aerospace (HONA) za 2Q 2026   2Q 2026 Konsensus 2Q 2026 2Q 2025 Tržby (mld. USD) 4,52 4,57 4,29 Čistý zisk (mld. USD) 0,26 -- 0,85 Očištěný zisk na akcii (EPS, USD/akcie) 1,87 1,98 2,75 Výsledky za 2Q Tržby dosáhly 4,52 mld. USD, meziročně vzrostly o 5 % jak na vykázané, tak na organické bázi, a mírně zaostaly za odhadem analytiků (4,57 mld. USD).

Očištěný provozní zisk dosáhl 995 mil. USD, meziročně pokles o 7 %, oproti odhadu 1,17 mld. USD. Výsledek zahrnoval přibližně 100 mil. USD nákladů souvisejících s odštěpením a odpisy zastaralých zásob.

Čistý zisk klesl na 256 mil. USD z 852 mil. USD ve stejném období loňského roku.

Objem zakázek (backlog) na konci čtvrtletí vzrostl na 18,15 mld. USD, meziročně o 9 %, přičemž zakázky za posledních dvanáct měsíců vzrostly o 8 %, taženy zejména segmentem obrany a vesmíru.

Tržby podle koncových trhů: Tržby ze segmentu komerčního servisu vzrostly o 8 % na 2,03 mld. USD, taženy poptávkou napříč instalovanou základnou včetně vyšších letových hodin v byznys letectví. Tržby z komerčních nových zařízení vzrostly o 6 % na 679 mil. USD. Tržby ze segmentu obrany a vesmíru vzrostly o 3 % na 1,82 mld. USD, když vyšší domácí objemy byly částečně kompenzovány nižšími mezinárodními objemy kvůli omezením v dodavatelském řetězci a útlumu jednoho vyhrazeného vládního programu.

Tržby ve 2Q 2026 podle koncových trhů, zdroj: Honeywell Aerospace

Výsledky dle segmentů: Tržby segmentu Elektronická řešení vzrostly o 8 % na 1,77 mld. USD, taženy silným výkonem obrany, vesmíru i komerčního servisu; segmentový očištěný zisk klesl o 3 % na 459 mil. USD. Tržby segmentu Motory a energetické systémy vzrostly o 1 % na 1,41 mld. USD; segmentový očištěný zisk klesl o 32 % na 174 mil. USD kvůli nepříznivému mixu a vyšším nákladům. Tržby segmentu Řídicí systémy vzrostly o 7 % na 1,34 mld. USD; segmentový očištěný zisk vzrostl o 8 % na 389 mil. USD.

Výsledky za 2Q 2026 dle segmentů, zdroj: Honeywell Aerospace

Výhled na FY 2026 Firma snížila výhled pro celý rok 2026 a nyní predikuje:

Organický růst tržeb 4 % až 5 % (dříve: 7 % až 9 %). Pro forma standalone očištěný zisk EBIT 4,35–4,45 mld. USD (dříve: 4,65–4,75 mld. USD). Meziroční růst pro forma standalone očištěného zisku EBIT beze změny až +3 % (dříve: +7 % až +10 %). Volný peněžní tok za druhé pololetí 1,0–1,5 mld. USD (beze změny). Komentář vedení Jim Currier, generální ředitel Honeywell Aerospace, uvedl: „Naše úspěšné odštěpení představuje důležitý milník a do této nové kapitoly vstupujeme se solidní dynamikou. V posledním čtvrtletí jako segment Honeywellu jsme dosáhli růstu tržeb ve středních jednotkách procent, jelikož výrazná poptávka zákazníků po našem klíčovém portfoliu pokračuje. Sekulární trendy napříč našimi koncovými trhy zůstávají silné, zatímco omezení v dodavatelském řetězci limitovala růst výstupu ve čtvrtletí.“

Currier dodal: „Pro druhou polovinu roku 2026 považujeme za rozumné přizpůsobit náš výhled prokázaným schopnostem našeho dodavatelského řetězce ke konci druhého čtvrtletí. Zároveň podnikáme strategické a taktické kroky nezbytné k tomu, abychom Honeywell Aerospace nasměrovali k zrychlujícímu růstu a přesvědčivým finančním výsledkům.“

Komentář analytiků Analytička Sheila Kahyaoglu z Jefferies (doporučení hold) uvedla, že první reakcí většiny investorů bude otázka, jak může letecká společnost růst pouze o 4 %, přičemž další vysvětlení nechává na vedení, které se soustředí na zvyšování výstupu a zlepšování dodavatelského řetězce. Zároveň poznamenala, že firma zatím nezaznamenala výraznější dopad na poptávku v souvislosti s konfliktem na Blízkém východě.

Analytik Ken Herbert z RBC Capital Markets (doporučení outperform) uvedl, že ziskovost byla ve čtvrtletí větším zklamáním. Poukázal na to, že společnost zahájila několik kroků v dodavatelském řetězci, včetně kvalifikace více než 50 nových dodavatelů a navýšení investic do dodavatelského nářadí o 20 %. Ocenění akcie podle něj zůstává atraktivní, přiznal však nedostatek katalyzátorů pro druhou polovinu roku.

Adam Crisafulli z Vital Knowledge označil snížení výhledu za obzvláště negativní vzhledem k obecně býčím výsledkům a výhledům většiny ostatních velkých leteckých společností, a to navíc v době prvního reportu Honeywell Aerospace jako samostatné společnosti.

Akcie Honeywell Aerospace Akcie Honeywell Aerospace Inc (HONA) klesají o 21,5 % na 159,84 USD Ukazatel   Ukazatel   Kapitalizace (mld. USD) 50,7 P/E -- Vývoj za letošní rok (%) -- Očekávané P/E 18,9 52týdenní minimum (USD) 150,0 Prům. cílová cena (USD) 247,3 52týdenní maximum (USD) 297,5 Dividendový výnos (%) -- Zdroj: Honeywell Aerospace, Bloomberg

Michal Šnobl, Fio banka, a.s.

Fiserv (FISV - Free Report) came out with quarterly earnings of $1.84 per share, missing the Zacks Consensus Estimate of $1.89 per share. This compares to earnings of $2.47 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -2.65%. A quarter ago, it was expected that this financial services technology company would post earnings of $1.57 per share when it actually produced earnings of $1.79, delivering a surprise of +14.01%.

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

Fiserv, which belongs to the Zacks Financial Transaction Services industry, posted revenues of $4.96 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.74%. This compares to year-ago revenues of $5.2 billion. The company has not been able to beat consensus revenue estimates 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.

Fiserv shares have lost about 19.4% since the beginning of the year versus the S&P 500's gain of 12.8%.

What's Next for Fiserv?While Fiserv has underperformed 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 Fiserv 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 $2.16 on $5.26 billion in revenues for the coming quarter and $8.13 on $20.04 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, Financial Transaction Services is currently in the bottom 39% 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, Usio Inc (USIO - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 12.

This company is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Usio Inc's revenues are expected to be $23.61 million, up 18.3% from the year-ago quarter.

Storage and memory stocks are selling off hard early Thursday. Western Digital (NASDAQ:WDC | WDC Price Prediction) shares are sliding 16% to $437, while SanDisk (NASDAQ:SNDK) stock is dropping 11% to $1,198. Meanwhile, Micron Technology (NASDAQ:MU) shares are falling 6% to $844.

The selloff extends across the group, with Seagate Technology (NASDAQ:STX) stock down 6% to $786 and the Roundhill Memory ETF (CBOE:DRAM) declining 7% to $50. Reuters reports the moves in early trading, and they arrive despite strong fiscal Q4 2026 results from both Western Digital and SanDisk after Wednesday’s close.

The read here is a straightforward expectations reset after enormous run-ups. Both companies beat revenue estimates, yet their outlooks failed to clear a sky-high bar set by year to date (YTD) gains that had SanDisk stock up 469% and Western Digital stock up 202% heading into the reports.

Beats Meet a Sky-High AI Memory Bar SanDisk delivered fiscal Q4 2026 non-GAAP EPS of $39.25 on revenue of $8.97 billion, with data-center revenue up 103% sequentially to $2.98 billion. The company’s full-year sales came in at $20.2 billion versus $7.4 billion a year ago.

The selloff trigger was SanDisk’s Q1 FY27 revenue guide of $10.3 billion to $10.8 billion, with the midpoint landing below the $10.8 billion consensus. CEO David Goeckeler said SanDisk now has over four years of demand visibility and signed five new long-term deals worth $94 billion in minimum revenue and $91 billion in remaining performance obligations.

Western Digital’s numbers were solid, including a Q1 revenue guide of $4.1 billion (plus or minus $100 million). Yahoo Finance’s Brian Sozzi said the “sell-off looks absurd” given the durability of the demand backdrop, and after a 202% YTD rip, solid was simply not enough for a stock priced for perfection.

Analysts Trim Targets but Stay Constructive UBS lowered its Western Digital stock price target to $525 from $560 while keeping a Neutral rating, noting results were solid and that it’s hard to turn negative given management’s beat-and-raise cadence. Barclays’ Tom O’Malley calls SanDisk stock attractive on a pullback.

Citi’s Asiya Merchant opened an upside 90-day view on SanDisk stock, framing the pullback as an entry rather than a break. RBC struck a more cautious tone, flagging lingering investor skepticism and warning that margins may be near peak with price growth moderating.

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The bull case for the group rests on multi-year AI storage demand, contracted revenue visibility, and expanding datacenter mix. The bear case is that margins are peaking, valuations are stretched after huge run-ups, and sequential guidance is starting to decelerate.

Memory ETF and Chip Peers Feel the Chill The Roundhill Memory ETF is a narrow thematic vehicle, and it shows today. Top three holdings Samsung Electronics, SK Hynix (NASDAQ:SKHY), and Micron represent 72% of net assets, which amplifies sector-wide moves in either direction.

Sympathy selling spilled into the broader semis complex. Intel (NASDAQ:INTC), Advanced Micro Devices (NASDAQ:AMD), and Marvell Technology (NASDAQ:MRVLl) shares are all slipping modestly, while SK Hynix stock fell 6% on foreign exchanges.

Investors sizing exposure through the Roundhill Memory ETF should note the concentration risk. A fund this top-heavy behaves less like a diversified sector bet and more like a leveraged wager on the three largest memory names.

What to Watch Now Prior to today’s drop, the group’s YTD scoreboard was truly extraordinary. Micron stock was up 213% YTD, Seagate stock had gained 205%, and Western Digital stock had rallied 202%.

The prediction markets on Polymarket assign an 85.5% probability that Micron stock closes above $700 by month-end, a sign that traders view the sympathy selloff as overdone. Options positioning tells a mixed story, with WDC’s full-chain put/call ratio at 0.82 and MU’s at 0.72.

Investors can watch for whether today’s selling absorbs into the regular session and for further analyst target trims to arrive. Micron’s fiscal Q4 2026 report in the coming weeks may be the next major catalyst for the memory group. Shareholders should consider keeping their position sizes modest given how much of the AI thesis is already priced in.

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Contact [email protected] for any questions or corrections.

Advances Commercialization for Domestic LEU and HALEU Enrichment 
Contract includes X-energy prepayments to Centrus 
Planned project to bring clean energy investment and jobs to Eastern Tennessee

, /PRNewswire/ -- Centrus Energy Corp. (NYSE: LEU) ("Centrus"), a trusted supplier of nuclear fuel, services and technology, today announced a signed definitive contract for Centrus to provide X-energy with enrichment services for Low-Enriched Uranium ("LEU") and High-Assay, Low-Enriched Uranium ("HALEU") with quantities that are expected to support X-energy's initial Xe-100 small modular reactors and TRISO-X fuel deployments. Under the contract, X-energy will provide prepayments to Centrus to support its domestic commercial enrichment capacity program.

In support of the supply commitments under the contract, Centrus will produce LEU and HALEU from its American Centrifuge Plant in Pike County, Ohio. This agreement builds on Centrus' existing $3 billion contingent LEU and HALEU backlog, of which $2.4 billion is definitized.

The contract is another important step in strengthening the U.S. nuclear fuel supply chain required to support the growing demand for LEU and HALEU.

Including prepayments in HALEU offtake agreements continues Centrus' strategy of obtaining de-risked funding to strengthen its capital stack that includes the recent signing of its $900 million HALEU enrichment award with the Department of Energy. The company's build out of domestic commercial LEU and HALEU enrichment capacity is targeting the constrained global enriched uranium market. Centrus' build out is creating meaningful American jobs across the United States.

The announcement builds on the commercial momentum behind advanced nuclear deployment and reflects increasing demand from large energy users for reliable, carbon-free power. X-energy has previously announced commercial relationships with companies including Dow Inc., Amazon, and Centrica to support the deployment of advanced nuclear energy, underscoring the growing market opportunity for advanced small modular reactor projects.

"This is another significant agreement that validates Centrus as the go-to, de-risked supplier of HALEU to the global market," said Amir Vexler, President and Chief Executive Officer of Centrus. "Our work in Piketon and Oak Ridge is strengthening a U.S.-based nuclear fuel supply chain and is removing enrichment as a point of concern for the advanced reactor community. Agreements like these provide important non-dilutive, non-debt capital to support our build out and serves to advance commercial LEU and HALEU capacity expansion."

About Centrus: Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal. With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at www.centrusenergy.com or follow us on LinkedIn and X.

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "will", "should", "could", "would" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions with respect to future events and operational, economic and financial performance.

For Centrus Energy Corp., particular factors that involve uncertainty and could cause our actual future results to differ materially from those expressed in our forward-looking statements and which are, and may be, exacerbated by any worsening of the global business and economic environment include but are not limited to the following: our ability to conclude negotiations with our customers; the war in Ukraine and other geopolitical conflicts; our government contracts, including related to changes to the U.S. government's appropriated funding levels for HALEU and the government's inability to satisfy its obligations, our lease to our facility in Piketon, Ohio; whether or when government demand for HALEU or LEU for government or commercial uses will materialize and at what level; the impact and potential extended duration of a supply/demand imbalance in the market for LEU; significant competition from major LEU producers, including foreign competitors, who may be less cost sensitive than we are; limitations on our ability to compete in foreign markets; pricing trends and demand in the uranium and enrichment markets, especially in light of the potential of limited supply and our dependence on others for deliveries of LEU; and our ability to successfully implement our planned expansion projects in Piketon, Ohio and Oak Ridge, Tennessee.

Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this news release and in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2025, under Part II, Item 1A - "Risk Factors" in our Quarterly report on Form 10-Q for the quarter ended March 31, 2026, under Part II, Item 1A - "Risk Factors" in our Quarterly report on Form 10-Q for the quarter ended June 30, 2026, and our filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

Centrus:
Investors and Media Contract for Centrus:
Neal Nagarajan, [email protected]

SOURCE Centrus Energy Corp.

– Quarterly GAAP Earnings of $0.01 and Distributable Earnings (DE) of $0.40 per Diluted Share –

– Invested $2.5 Billion in the Quarter and $6.7 Billion through July –

– Record Total Assets of $31.8 Billion and Commercial Lending Assets of $17.3 Billion – 

– Repurchased $30 Million of Common Shares in the Six Months –

–  Dividend of $0.48 per Share –

– Awarded Nareit Gold Investor CARE Award for 10th Time in 12 Years –

, /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended June 30, 2026. The Company delivered second quarter GAAP net income of $6.6 million, and Distributable Earnings (a non-GAAP financial measure) was $151.5 million. See reconciliation tables below.

"Real estate fundamentals are improving steadily in almost every asset class, supported by a drop in construction and broad and robust economic growth. This provides a more constructive backdrop to deploy capital and improving credit in our loan portfolio. For us importantly, it provides a solid foundation to support the values of our real estate owned and underperforming loan assets. We expect to resolve nearly $900 million of underperforming assets by year end or shortly thereafter, returning the trapped equity to higher use cases across all our business lines," said Barry Sternlicht, Chairman and CEO of Starwood Property Trust.

"We have invested $6.7 billion through July, at double digit return on equity, and our $2.1 billion of corporate debt transactions in the quarter extends our weighted average corporate debt maturity to 3.7 years and lowers our cost of funds, solidifying an already strong balance sheet. This positions us well to continue deploying capital and driving growth across all our business lines," added Jeffrey DiModica, President of Starwood Property Trust.

Supplemental Schedules

The Company has published supplemental earnings schedules on its website in order to provide additional disclosure and financial information for the benefit of the Company's stakeholders.  Specifically, these materials can be found on the Company's website in the Investor Relations section under "Quarterly Results" at www.starwoodpropertytrust.com. 

Webcast and Conference Call Information 

The Company will host a live webcast and conference call on Thursday, August 6, 2026, at 10:00 a.m. Eastern Time. To listen to a live broadcast, access the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. The webcast is available at www.starwoodpropertytrust.com in the Investor Relations section of the website. The Company encourages use of the webcast due to potential extended wait times to access the conference call via dial-in. 

To Participate via Telephone Conference Call:

Dial in at least 15 minutes prior to start time.
Domestic:  1-877-407-9039
International:  1-201-689-8470

Conference Call Playback:

Domestic:  1-844-512-2921
International:  1-412-317-6671
Passcode:  13758023

The playback can be accessed through August 20, 2026.

About Starwood Property Trust, Inc.

Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group, is a leading diversified finance company with a core focus on the real estate and infrastructure sectors. As of June 30, 2026, the Company has successfully deployed $120 billion of capital since inception and manages a portfolio of $32 billion across debt and equity investments. Starwood Property Trust's investment objective is to generate attractive and stable returns for shareholders, primarily through dividends, by leveraging a premiere global organization to identify and execute on the best risk adjusted returning investments across its target assets. Additional information can be found at www.starwoodpropertytrust.com. 

Forward-Looking Statements

Statements in this press release which are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are developed by combining currently available information with our beliefs and assumptions and are generally identified by the words "believe," "expect," "anticipate" and other similar expressions.  Although Starwood Property Trust, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, completion of pending investments and financings, continued ability to acquire additional investments, competition within the finance and real estate industries, availability of financing, and other risks detailed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as well as other risks and uncertainties set forth from time to time in the Company's reports filed with the SEC, including its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026.

In light of these risks and uncertainties, there can be no assurances that the results referred to in the forward-looking statements contained herein will in fact occur. Except to the extent required by applicable law or regulation, we undertake no obligation to, and expressly disclaim any such obligation to, update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, changes to future results over time or otherwise.

Additional information can be found on the Company's website at www.starwoodpropertytrust.com. 

Contact:
Zachary Tanenbaum
Starwood Property Trust
Phone: 203-422-7788
Email: [email protected] 

Starwood Property Trust, Inc. and Subsidiaries
Condensed Consolidated Statement of Operations by Segment
For the three months ended June 30, 2026
(Amounts in thousands)

Commercial and

Residential

Lending

Segment

Infrastructure

Lending

Segment

Property

Segment

Investing

and Servicing

Segment

Corporate

Subtotal

Securitization

VIEs

Total

Revenues:

Interest income from loans

$               327,151

$       66,991

$       —

$       4,273

$        —

$  398,415

$           —

$ 398,415

Interest income from investment securities

15,344

481

—

22,170

—

37,995

(33,245)

4,750

Servicing fees

111

—

—

20,476

—

20,587

(3,920)

16,667

Rental income

19,808

—

63,827

4,219

—

87,854

—

87,854

Other revenues

1,800

1,474

362

1,524

822

5,982

—

5,982

Total revenues

364,214

68,946

64,189

52,662

822

550,833

(37,165)

513,668

Costs and expenses:

Management fees

165

—

—

—

30,392

30,557

—

30,557

Interest expense

160,750

38,625

28,775

9,117

107,564

344,831

(254)

344,577

General and administrative

14,979

6,015

7,925

23,661

4,114

56,694

—

56,694

Costs of rental operations

16,161

—

7,254

2,898

—

26,313

—

26,313

Depreciation and amortization

4,780

9

29,137

1,082

252

35,260

—

35,260

Credit loss provision, net

29,816

348

—

—

—

30,164

—

30,164

Other expense

88

787

227

101

—

1,203

—

1,203

Total costs and expenses

226,739

45,784

73,318

36,859

142,322

525,022

(254)

524,768

Other income (loss):

Change in net assets related to consolidated VIEs

—

—

—

—

—

—

33,087

33,087

Change in fair value of servicing rights

—

—

—

1,018

—

1,018

726

1,744

Change in fair value of investment securities, net

(1,587)

—

—

(1,717)

—

(3,304)

3,252

(52)

Change in fair value of mortgage loans, net

(12,711)

—

—

12,650

—

(61)

—

(61)

Income from affordable housing fund investments

—

—

4,929

—

—

4,929

—

4,929

Earnings from unconsolidated entities

—

2,677

—

193

—

2,870

(154)

2,716

Gain on sale of investments and other assets, net

88

—

27

2,264

—

2,379

—

2,379

Gain (loss) on derivative financial instruments, net

21,529

350

8,354

983

(34,240)

(3,024)

—

(3,024)

Foreign currency (loss) gain, net

(5,719)

—

13

—

—

(5,706)

—

(5,706)

Other (loss) income, net

(2,597)

—

(1,092)

6

—

(3,683)

—

(3,683)

Total other (loss) income

(997)

3,027

12,231

15,397

(34,240)

(4,582)

36,911

32,329

Income (loss) before income taxes

136,478

26,189

3,102

31,200

(175,740)

21,229

—

21,229

Income tax (provision) benefit

(2,536)

(95)

8

(3,601)

—

(6,224)

—

(6,224)

Net income (loss)

133,942

26,094

3,110

27,599

(175,740)

15,005

—

15,005

Net income attributable to non-controlling interests

(4)

—

(5,325)

(3,119)

—

(8,448)

—

(8,448)

Net income (loss) attributable to Starwood Property Trust, Inc.

$               133,938

$      26,094

$   (2,215)

$      24,480

$  (175,740)

$    6,557

$          —

$   6,557

Definition of Distributable Earnings

Distributable Earnings, a non-GAAP financial measure, is used to compute the Company's incentive fees to its external manager and is an appropriate supplemental disclosure for a mortgage REIT.  For the Company's purposes, Distributable Earnings is defined as GAAP net income (loss) excluding non-cash equity compensation expense, the incentive fee due to the Company's external manager, acquisition costs for successful acquisitions, depreciation and amortization of real estate and associated intangibles, any unrealized gains, losses or other non-cash items recorded in net income (loss) for the period and, to the extent deducted from net income (loss), distributions payable with respect to equity securities of subsidiaries issued in exchange for properties or interests therein.  The amount is adjusted to exclude one-time events pursuant to changes in GAAP and certain other non-cash adjustments as determined by the Company's external manager and approved by a majority of the Company's independent directors.  Refer to the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 for additional information regarding Distributable Earnings.

Reconciliation of Net Income to Distributable Earnings
For the three months ended June 30, 2026
(Amounts in thousands except per share data)

Commercial and

Residential

Lending

Segment

Infrastructure

Lending

Segment

Property

Segment

Investing

and Servicing

Segment

Corporate

Total

Net income (loss) attributable to Starwood Property Trust, Inc.

$           133,938

$            26,094

$           (2,215)

$            24,480

$          (175,740)

$             6,557

Add / (Deduct):

Non-controlling interests attributable to Woodstar II Class A Units

—

—

4,629

—

—

4,629

Non-controlling interests attributable to unrealized gains/losses

—

—

(2,724)

(2,226)

—

(4,950)

Non-cash equity compensation expense

2,585

788

2,014

1,449

6,477

13,313

Depreciation and amortization

4,817

—

29,632

1,121

—

35,570

Straight-line rent adjustment

—

—

(1,697)

57

—

(1,640)

Interest income adjustment for loans and securities

4,675

—

—

12,686

—

17,361

Consolidated income tax provision (benefit) associated with fair value adjustments

2,536

95

(8)

3,601

—

6,224

Other non-cash items

5

447

(82)

(407)

—

(37)

Reversal of GAAP unrealized and realized (gains) / losses on:

Loans

12,711

—

—

(12,650)

—

61

Credit loss provision, net

29,816

348

—

—

—

30,164

Securities

1,587

—

—

1,717

—

3,304

Woodstar Fund investments

—

—

(4,929)

—

—

(4,929)

Derivatives

(21,529)

(350)

(8,354)

(983)

34,240

3,024

Foreign currency

5,719

—

(13)

—

—

5,706

Earnings from unconsolidated entities

—

(2,677)

—

(193)

—

(2,870)

Sales of properties

(32)

—

(27)

(2,264)

—

(2,323)

Recognition of Distributable realized gains / (losses) on:

Loans

(454)

—

—

12,636

—

12,182

Securities

(51)

—

—

(682)

—

(733)

Woodstar Fund investments

—

—

18,208

—

—

18,208

Derivatives

8,570

248

(235)

1,650

(2,907)

7,326

Foreign currency

803

—

13

—

—

816

Earnings from unconsolidated entities

—

2,146

—

469

—

2,615

Sales of properties

32

—

(35)

1,928

—

1,925

Distributable Earnings (Loss)

$           185,728

$            27,139

$           34,177

$            42,389

$          (137,930)

$           151,503

Distributable Earnings (Loss) per Weighted Average Diluted Share

$              0.49

$              0.07

$             0.09

$              0.11

$             (0.36)

$              0.40

Starwood Property Trust, Inc. and Subsidiaries
Condensed Consolidated Statement of Operations by Segment
For the six months ended June 30, 2026
(Amounts in thousands)

Commercial and

Residential

Lending

Segment

Infrastructure

Lending

Segment

Property

Segment

Investing

and Servicing

Segment

Corporate

Subtotal

Securitization

VIEs

Total

Revenues:

Interest income from loans

$        637,465

$     128,429

$         —

$        6,332

$         —

$    772,226

$           —

$      772,226

Interest income from investment securities

30,981

865

—

46,103

—

77,949

(67,761)

10,188

Servicing fees

223

—

—

72,095

—

72,318

(7,631)

64,687

Rental income

36,113

—

124,670

7,042

—

167,825

—

167,825

Other revenues

4,013

2,947

819

1,927

1,492

11,198

—

11,198

Total revenues

708,795

132,241

125,489

133,499

1,492

1,101,516

(75,392)

1,026,124

Costs and expenses:

Management fees

197

—

—

—

66,542

66,739

—

66,739

Interest expense

315,673

75,321

56,726

15,943

210,218

673,881

(398)

673,483

General and administrative

31,771

11,933

16,793

45,589

8,941

115,027

—

115,027

Costs of rental operations

29,377

—

14,514

5,556

—

49,447

—

49,447

Depreciation and amortization

9,017

19

57,215

2,232

503

68,986

—

68,986

Credit loss provision (reversal), net

30,402

(615)

—

—

—

29,787

—

29,787

Other expense

165

899

299

241

—

1,604

—

1,604

Total costs and expenses

416,602

87,557

145,547

69,561

286,204

1,005,471

(398)

1,005,073

Other income (loss):

Change in net assets related to consolidated VIEs

—

—

—

—

—

—

65,589

65,589

Change in fair value of servicing rights

—

—

—

2,022

—

2,022

(815)

1,207

Change in fair value of investment securities, net

(1,136)

—

—

(9,638)

—

(10,774)

10,811

37

Change in fair value of mortgage loans, net

(33,691)

—

—

20,962

—

(12,729)

—

(12,729)

Income from affordable housing fund investments

—

—

17,393

—

—

17,393

—

17,393

Earnings from unconsolidated entities

—

3,520

—

605

—

4,125

(591)

3,534

Gain on sale of investments and other assets, net

298

—

496

2,264

—

3,058

—

3,058

Gain (loss) on derivative financial instruments, net

37,892

439

10,630

1,225

(55,673)

(5,487)

—

(5,487)

Foreign currency (loss) gain, net

(11,834)

—

38

—

—

(11,796)

—

(11,796)

Loss on extinguishment of debt

—

(31)

(304)

—

—

(335)

—

(335)

Other (loss) income, net

(5,472)

51

(1,401)

6

—

(6,816)

—

(6,816)

Total other (loss) income

(13,943)

3,979

26,852

17,446

(55,673)

(21,339)

74,994

53,655

Income (loss) before income taxes

278,250

48,663

6,794

81,384

(340,385)

74,706

—

74,706

Income tax benefit (provision)

9,192

(145)

25

(11,351)

—

(2,279)

—

(2,279)

Net income (loss)

287,442

48,518

6,819

70,033

(340,385)

72,427

—

72,427

Net income attributable to non-controlling interests

(7)

—

(12,152)

(1,833)

—

(13,992)

—

(13,992)

Net income (loss) attributable to Starwood Property Trust, Inc.

$       287,435

$      48,518

$     (5,333)

$       68,200

$   (340,385)

$     58,435

$          —

$       58,435

Reconciliation of Net Income to Distributable Earnings
For the six months ended June 30, 2026
(Amounts in thousands except per share data)

Commercial and

Residential

Lending

Segment

Infrastructure

Lending

Segment

Property

Segment

Investing

and Servicing

Segment

Corporate

Total

Net income (loss) attributable to Starwood Property Trust, Inc.

$     287,435

$      48,518

$       (5,333)

$      68,200

$    (340,385)

$      58,435

Add / (Deduct):

Non-controlling interests attributable to Woodstar II Class A Units

—

—

9,258

—

—

9,258

Non-controlling interests attributable to unrealized gains/losses

—

—

(4,031)

(6,971)

—

(11,002)

Non-cash equity compensation expense

5,669

1,540

4,009

2,874

13,215

27,307

Management incentive fee

—

—

—

—

5,567

5,567

Depreciation and amortization

9,090

—

58,206

2,313

—

69,609

Straight-line rent adjustment

—

—

(3,346)

171

—

(3,175)

Interest income adjustment for loans and securities

9,749

—

—

18,062

—

27,811

Consolidated income tax (benefit) provision associated with fair value adjustments

(9,192)

145

(25)

11,351

—

2,279

Other non-cash items

7

447

(164)

(813)

—

(523)

Reversal of GAAP unrealized and realized (gains) / losses on:

Loans

33,691

—

—

(20,962)

—

12,729

Credit loss provision (reversal), net

30,402

(615)

—

—

—

29,787

Securities

1,136

—

—

9,638

—

10,774

Woodstar Fund investments

—

—

(17,393)

—

—

(17,393)

Derivatives

(37,892)

(439)

(10,630)

(1,225)

55,673

5,487

Foreign currency

11,834

—

(38)

—

—

11,796

Earnings from unconsolidated entities

—

(3,520)

—

(605)

—

(4,125)

Sales of properties

(356)

—

(496)

(2,264)

—

(3,116)

Recognition of Distributable realized gains / (losses) on:

Loans

(822)

—

—

21,194

—

20,372

Securities

(137)

—

—

(5,936)

—

(6,073)

Woodstar Fund investments

—

—

37,029

—

—

37,029

Derivatives

21,205

279

(3,324)

1,926

(5,724)

14,362

Foreign currency

942

—

38

—

—

980

Earnings from unconsolidated entities

—

2,657

—

905

—

3,562

Sales of properties

(4,753)

—

(135)

1,928

—

(2,960)

Distributable Earnings (Loss)

$     358,008

$      49,012

$      63,625

$      99,786

$    (271,654)

$     298,777

Distributable Earnings (Loss) per Weighted Average Diluted Share

$         0.94

$         0.13

$         0.16

$         0.26

$        (0.71)

$         0.78

Starwood Property Trust, Inc. and Subsidiaries
Condensed Consolidated Balance Sheet by Segment
As of June 30, 2026
(Amounts in thousands)

Commercial and

Residential

Lending

Segment

Infrastructure

Lending

Segment

Property

Segment

Investing

and Servicing

Segment

Corporate

Subtotal

Securitization

VIEs

Total

Assets:

Cash and cash equivalents

$        22,616

$     206,331

$      30,912

$       9,281

$      98,452

$     367,592

$          —

$     367,592

Restricted cash

177,912

46,173

2,802

189

45,688

272,764

—

272,764

Loans held-for-investment, net

16,965,888

2,851,080

—

—

—

19,816,968

—

19,816,968

Loans held-for-sale

2,154,653

—

—

62,828

—

2,217,481

—

2,217,481

Investment securities

556,876

123,934

—

1,262,903

—

1,943,713

(1,540,884)

402,829

Properties, net

1,028,671

—

2,938,255

31,743

—

3,998,669

—

3,998,669

Investments of consolidated affordable housing fund

—

—

1,725,368

—

—

1,725,368

—

1,725,368

Investments in unconsolidated entities

8,514

61,517

—

33,200

—

103,231

(15,030)

88,201

Goodwill

—

119,409

—

140,437

—

259,846

—

259,846

Intangible assets, net

2,522

—

405,459

71,062

—

479,043

(38,069)

440,974

Derivative assets

23,233

—

931

242

—

24,406

—

24,406

Accrued interest receivable

195,044

3,611

4

493

1,664

200,816

—

200,816

Other assets

195,215

20,947

111,988

(16,670)

50,735

362,215

—

362,215

VIE assets, at fair value

—

—

—

—

—

—

30,868,147

30,868,147

Total Assets

$    21,331,144

$    3,433,002

$    5,215,719

$    1,595,708

$     196,539

$   31,772,112

$   29,274,164

$   61,046,276

Liabilities and Equity

Liabilities:

Accounts payable, accrued expenses and other liabilities

$       232,135

$      38,666

$     123,067

$      37,521

$     144,167

$     575,556

$          —

$     575,556

Related-party payable

—

—

—

—

27,033

27,033

—

27,033

Dividends payable

—

—

—

—

180,744

180,744

—

180,744

Derivative liabilities

64,972

—

—

—

26,601

91,573

—

91,573

Secured financing agreements, net

9,496,528

716,722

731,638

583,078

2,491,581

14,019,547

(19,656)

13,999,891

Securitized financing, net

1,603,874

1,810,038

1,397,599

—

—

4,811,511

—

4,811,511

Unsecured senior notes, net

—

—

—

—

4,882,722

4,882,722

—

4,882,722

VIE liabilities, at fair value

—

—

—

—

—

—

29,293,820

29,293,820

Total Liabilities

11,397,509

2,565,426

2,252,304

620,599

7,752,848

24,588,686

29,274,164

53,862,850

Temporary Equity: Redeemable non-controlling interests

—

—

356,377

—

—

356,377

—

356,377

Permanent Equity:

Starwood Property Trust, Inc. Stockholders' Equity:

Common stock

—

—

—

—

3,798

3,798

—

3,798

Additional paid-in capital

2,904,306

465,056

329,107

(974,433)

4,267,303

6,991,339

—

6,991,339

Treasury stock

—

—

—

—

(167,962)

(167,962)

—

(167,962)

Retained earnings (accumulated deficit)

7,019,517

402,520

2,072,106

1,827,396

(11,659,448)

(337,909)

—

(337,909)

Accumulated other comprehensive income

9,697

—

—

—

—

9,697

—

9,697

Total Starwood Property Trust, Inc. Stockholders' Equity

9,933,520

867,576

2,401,213

852,963

(7,556,309)

6,498,963

—

6,498,963

Non-controlling interests in consolidated subsidiaries

115

—

205,825

122,146

—

328,086

—

328,086

Total Permanent Equity

9,933,635

867,576

2,607,038

975,109

(7,556,309)

6,827,049

—

6,827,049

Total Liabilities and Equity

$    21,331,144

$    3,433,002

$    5,215,719

$    1,595,708

$     196,539

$   31,772,112

$   29,274,164

$   61,046,276

SOURCE Starwood Property Trust, Inc.