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Gladstone Land (LAND - Free Report) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of $0.02. This compares to a loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an FFO surprise of -300.00%. A quarter ago, it was expected that this real estate investment trust specializing in farmland would post FFO of $0.01 per share when it actually produced FFO of $0.08, delivering a surprise of +700%.

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

Gladstone, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $12.69 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 23.13%. This compares to year-ago revenues of $12.3 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.

Gladstone shares have lost about 11.2% since the beginning of the year versus the S&P 500's gain of 13.3%.

What's Next for Gladstone?While Gladstone 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 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 Gladstone 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 $0.06 on $18.15 million in revenues for the coming quarter and $0.45 on $90.37 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 36% 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 broader Zacks Finance sector, Roadzen Inc. (RDZN - Free Report) , is yet to report results for the quarter ended June 2026.

This company is expected to post quarterly loss of $0.06 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.

Roadzen Inc.'s revenues are expected to be $16.05 million, up 47.7% from the year-ago quarter.

Let the Good Times Roll: 2 Stocks Showing No Signs of SlowingAstronics NASDAQ: ATRO reported record second-quarter 2026 revenue, bookings, backlog and operating profit, citing stronger aerospace demand, production efficiencies and pricing actions. The company raised its full-year revenue outlook to a range of $1.02 billion to $1.04 billion, positioning it to surpass $1 billion in annual sales for the first time.

“The second quarter was very strong for Astronics,” Chairman, President and Chief Executive Officer Peter Gundermann said. “We set records all over the place for revenue, for operating profit, for bookings, for backlog, and more.”

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Astronics Corporation: Up 100% YTD in May and Heading HigherSecond-quarter sales rose 27% year over year to a record $260 million. Adjusted EBITDA reached $51.5 million, more than double the prior-year amount, while adjusted EBITDA margin expanded to 19.8% of sales. Net income was $35.1 million, or $0.75 per diluted share, and adjusted net income was $32.6 million, or about $0.70 per diluted share.

Margin Expansion Driven by Volume and Productivity Chief Financial Officer Nancy Hedges said gross profit totaled $86.9 million, or 33.4% of sales, compared with $52.8 million, or 25.8% of sales, a year earlier. The improvement reflected higher sales volume, better productivity and a $2 million IEEPA tariff refund recognized during the quarter. The refund contributed roughly 70 basis points to margin.

5 Small-Cap Stocks to Watch for Big Speculative GainsThe company estimates that tariffs, before mitigation efforts, represent an ongoing expense run rate of approximately $3 million to $4 million per quarter at current volumes. Astronics expects to receive an additional $6 million to $8 million in IEEPA tariff refunds, although the timing remains uncertain.

Gundermann identified four primary drivers of the company’s margin improvement:

Higher volume and improved overhead absorption as shipments increase; Pricing actions, including the repricing of long-term contracts affected by pandemic-era inflation; Better workforce efficiency as employee turnover has declined; and Organizational simplification, including the closure and consolidation of seven production sites in recent years. Astronics said it has repriced most of its affected long-term contracts, though roughly one-quarter remain to be repriced over the next 12 to 18 months. Gundermann said the company is about 75% to 80% through its broader pricing-adjustment effort.

Aerospace Sales and Backlog Reach Records Aerospace segment sales increased 22.6% from the prior-year period to a record $237.3 million, supported by growth across commercial transport, military aircraft and general aviation markets. Segment operating profit rose to $48.3 million, or 20.3% of sales, from $18 million, or 9.3% of sales, in the year-earlier quarter.

Among the segment’s product categories, in-flight entertainment and connectivity sales increased 19% to $126 million, aided by demand for connectivity and passenger-power products. Lighting and safety sales rose 5.5% to $59.2 million, while flight-critical electrical power sales increased 49.4% to $23.7 million, led by military-aircraft demand.

Seat-motion sales rose $12 million to $22.2 million, including a $5.9 million contribution from the Bühler Motor Aviation acquisition completed last October. Gundermann said the acquired business has good technology, products and customer relationships, but is not yet as profitable as Astronics’ broader aerospace operation.

Aerospace bookings totaled $243.1 million, producing a book-to-bill ratio of 1.02. Segment backlog ended the quarter at a record $657.2 million.

Military Programs Add to Test Systems Opportunity Total company bookings were a record $306 million, continuing a four-quarter progression from $210 million, $257 million and $290 million. The quarter included a $27.4 million booking for the engineering phase of the V-280 FLRAA program, which Astronics said is expected to generate approximately $35 million of revenue in 2026.

The V-280 FLRAA program supports the U.S. Army’s planned MV-75 replacement for the Black Hawk helicopter. Gundermann said the program could become Astronics’ largest military program, though the company did not provide details beyond its current engineering work and expected future orders.

Test systems sales increased to $22.7 million from $11.1 million a year earlier. The segment reported operating profit of $600,000, compared with an operating loss in the prior-year period. Results included about $4.1 million of zero-margin revenue, mainly for raw-material purchases related to U.S. Army and Marine Corps radio-test programs.

Test systems bookings reached $63.1 million, including a $44.7 million U.S. Army order initiating full-rate production for the TS-4549/T radio-test program. The order is expected to support deliveries over the next 18 months, and Astronics expects similar annual orders for the next four to five years under its existing IDIQ award.

Management said margins in the test systems business should improve as the radio-test program enters full-rate production. Gundermann said the company expects to reach that production pace by the end of the fourth quarter, with margins eventually approaching the profile of its aerospace segment.

Cash Flow, Debt Reduction and Outlook Astronics generated $30.1 million in operating cash flow during the second quarter. Capital expenditures were $5.7 million during the quarter and $16.9 million through the first half. The company continues to expect full-year capital spending of $40 million to $45 million, including investments related to a Seattle facility consolidation expected to conclude in the third quarter.

Long-term debt declined by $24.1 million from year-end to $310.3 million, while available liquidity totaled $253.2 million at quarter-end. Hedges said Astronics’ capital priorities remain internal investment and debt reduction, although acquisitions remain possible if opportunities meet the company’s criteria.

For the third quarter, Astronics expects revenue of $265 million to $275 million, which would represent another quarterly sales record. Management expects the fourth-quarter revenue run rate to improve modestly from that level and said it expects to be free-cash-flow positive for the remainder of 2026.

Gundermann also said the company sees future opportunities in electric vertical takeoff and landing aircraft, drones and autonomous aircraft, particularly for its power-generation technologies. However, he said those programs are not expected to make a major contribution to the company’s 2026 forecast and may have a greater role in 2027.

About Astronics (NASDAQ:ATRO)Astronics Corporation NASDAQ: ATRO is a global leader in the design and manufacture of advanced technologies primarily for the aerospace, defense and semiconductor industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through a combination of internal development and strategic acquisitions. Astronics operates multiple business units focused on power conversion, distribution and control; cabin electronics and connectivity; aircraft lighting and safety solutions; and automated test systems.

The company's aerospace products include onboard power generation and management systems, in-flight entertainment and connectivity hardware, LED and fluorescent lighting for aircraft cabins and cockpits, and safety equipment such as escape slide power units.

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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A Ryanair plane on a tarmac of Makedonia airport in Thessaloniki, Greece, May 7, 2026. REUTERS/Alexandros Avramidis/File Photo Purchase Licensing Rights, opens new tab

LONDON, Aug 12 (Reuters) - Ryanair (RYA.I), opens new tab said on Wednesday it would deploy Google's Gemini AI tools and DeepMind models across its operations ​under a new five-year cloud partnership, using the technology to ‌help manage crew scheduling and make operational decisions.

Ryanair, Europe's largest airline by passenger numbers, said it would roll out Alphabet's (GOOGL.O), opens new tab Google Workspace and Google ​Cloud services to 35,000 employees across its network, supporting its efforts ​towards a goal of carrying 300 million passengers annually ⁠by 2034.

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"To support this growth, we need to ensure we have ​excellent infrastructure resilience, and our new dual-cloud strategy provides this, alongside ​technology partners that match our speed and relentless focus on efficiency," Ryanair CEO Eddie Wilson said.

Ryanair's deal with Google Cloud adds to its existing use of ​Amazon Web Services as part of a strategy to reduce ​the risk of technology outages.

The Irish airline said it would use Gemini Enterprise ‌to ⁠develop custom AI agents to automate some decisions, improve crew scheduling and reduce disruption.

The carrier said it would also use Google DeepMind models, including AlphaEvolve and WeatherNext, to support fleet operations and maintenance ​scheduling. Financial terms of ​the agreement ⁠were not disclosed.

"This agreement demonstrates how deploying generative AI at scale... can help industry leaders scale securely, ​reduce operational costs, and redefine the travel experience," ​said Maureen ⁠Costello, Google Cloud's vice president for the United Kingdom, Ireland and Sub-Saharan Africa.

The aviation industry has been expanding its use of AI ⁠in customer ​service, operations and maintenance, according to ​studies by aviation technology provider SITA and airline trade body IATA, as airlines seek to ​improve efficiency and reliability.

Reporting by Sam Tabahriti; editing by William James

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Sam Tabahriti is a UK breaking news correspondent covering general and political news for Reuters. He has over five years of experience covering general news and three years covering business and legal news. He is also a keen cyclist and photography enthusiast.

Since hitting a 52-week low of $114 last month, Oracle (ORCL -3.69%) stock has rebounded to $147 at the time of writing but is still trading 57% below its previous high. The drop comes even as the company posts strong results and management talks up multiyear demand for its cloud services.

The stock's decline was not related to anything Oracle reported but rather reflected a broader sell-off across artificial intelligence (AI) infrastructure stocks over the last month. This signals more of a buying opportunity than a falling knife, given management's growth guidance.

Image source: The Motley Fool.

Oracle's AI and cloud businesses are booming In Oracle's fiscal fourth quarter 2026 ending in May, total revenue rose nearly 21% year over year to $19.2 billion. Much of that growth is coming from demand for AI tools -- including agentic AI -- within its cloud business. This is reflected in surging demand for cloud infrastructure services, with revenue jumping 93% over the year-ago quarter.

Oracle also has an enormous backlog. Remaining performance obligations surged 363% from the year-ago period to $638 billion. That provides more visibility into future growth: 12% of the backlog is expected to be fulfilled in the next 12 months, with another 34% delivered in the next 13 through 36 months.

Oracle's cloud infrastructure (OCI) business generated $5.8 billion in revenue last quarter, but management sees far more runway ahead. Speaking about the broader AI infrastructure opportunity, CEO Clayton Magouyrk said, "Everything we see shows this market size is trillions of dollars per year."

OCI's momentum suggests it is on a massive growth trajectory, and management says it will be "extremely profitable." The catch is the cost to build the AI infrastructure -- especially data centers -- needed to fulfill such a large backlog.

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A key risk is ballooning debt For fiscal 2027, Oracle's guidance calls for 34% revenue growth in constant currency and adjusted earnings per share of $8.05. That puts the stock at roughly 18 times forward earnings, even as analysts expect profits to grow about 28% annually over the next several years.

But investors are fixated on the price tag of that growth. Oracle expects to spend $70 billion on capital expenditures in fiscal 2027. Even with operating cash flow hitting $32 billion in fiscal 2026 (up 54% year over year), rising capital spending pushed free cash flow into negative territory.

There's balance-sheet risk, too. Oracle ended the fiscal year with $164 billion in total debt, and its debt-to-equity ratio sits around 3.9 -- meaning the company carries far more debt than shareholders' equity.

Oracle's momentum and valuation look appealing, but the stock is essentially a leveraged bet on the AI boom -- not a low-risk investment. If demand for AI cools, shares could fall further.

Still, Oracle is investing to deliver a meaningful share of its contracted backlog, which could translate into much higher revenue and earnings in the coming years. For long-term investors, I think Oracle's growth prospects and valuation make it worth considering. If AI demand remains hot, the stock offers significant upside from here. Investors just need to size their position to account for the risk that demand for Oracle's cloud services starts to slow, pressuring the stock.

After underperforming the market for much of the year, Palantir Technologies (PLTR -0.17%) stock is back with a vengeance. Shares in the data analytics company jumped more than 35% last week after it delivered a sterling second-quarter earnings report that reset the bar for AI software performance.

Palantir shares recovered nearly all of their year-to-date losses as momentum from the company's Aug. 3 report carried into the week. The stock jumped 29.4% the day after the earnings report. Then, after two days of treading water, it climbed by another 10.3% on Aug. 8, closing the week 36.9% higher.

Palantir stock is now 15% below the all-time high of $207.52 it set in November. I think that number is well within reach -- in fact, I see it topping $220 before the end of the year.

And there's one clear reason why: Palantir's software has become one of the most effective ways for businesses to add AI in their everyday operations.

Image source: The Motley Fool.

Why businesses are flocking to Palantir Palantir has always had a valuation problem -- particularly from 2024 through 2025 when shares rose by nearly 1,000%. Its forward price-to-earnings ratio climbed to more than 240 -- an eye-watering valuation that scared a lot of investors away.

So, it's no wonder that shares began pulling back this year. But even as that happened, Palantir maintained dynamic revenue and earnings growth as its AI-enabled software gained traction -- particularly among commercial customers.

One key advantage for the company is its ontology system, which creates a digital twin of a client's operations and then uses its software to connect data to real-world objects such as customers, employees, equipment, products, and orders. By mapping relationships and processes in an interconnected model, Palantir can analyze operations, coordinate decisions, and allow AI systems to automate tasks to improve operations.

"I think strategically what's really interesting to watch ... was they're not only helping their customers modernize their data, but they're actually helping customers kind of optimize and choose the best model," Tyler Radke, a senior equity analyst at Citi, said in an interview on BNN Bloomberg. "It's not always about the fastest, most powerful large language model. It's about what is the right model for that enterprise, and I think that's something that they're pretty uniquely positioned to bring to the table," he said.

Palantir's overall revenue grew 93% in the second quarter to $1.935 billion. U.S. government revenue was strong, growing 90% to $809 million, while U.S. commercial revenue increased 149% to $764 million. At this rate, it won't be long before it gets the majority of its U.S. revenue from commercial clients.

Radke increased his price target for Palantir from $200 to $245 following the earnings report. "I would argue that the fundamentals could not be stronger," he said.

Palantir may have gotten its start serving the government sector, but it's becoming an indispensable partner for commercial businesses that are looking for smart ways to use AI to improve their operations. Its strong growth curve will continue -- and by the time it reports Q3 earnings in early November, I predict the stock will have surpassed its all-time high and be north of $220 per share.

, /PRNewswire/ -- Adecoagro S.A. (NYSE: AGRO, Bloomberg: AGRO US, Reuters: AGRO.K), a leading sustainable production company in South America, announced today its results for the second quarter ended June 30, 2026. The financial information contained in this press release is based on consolidated interim financial statements presented in US dollars and prepared in accordance with International Financial Reporting Standards (IFRS) except for Non-IFRS measures.

Main highlights for the period:

Outperformance of our Fertilizers segment driven by higher production and stronger urea prices. In our Sugar, Ethanol and Energy segment, higher cane availability supported the increase in crushing volumes, while we continued to maximize ethanol production given the better margin and build inventories to profit from higher expected prices. Gross sales remained in-line with the previous year during both 2Q26 and 6M26, explained by a mixed performance in prices and volumes across our product portfolio. On a pro forma basis, Net Debt/LTM Adj. EBITDA was down to 3.0x, compared to 3.2x in 1Q26. Despite working capital seasonality, the growth in Adjusted EBITDA enabled us to continue with our deleveraging process, as expected. Going forward, we intend to continue reducing our leverage ratio driven by higher expected results. Fertilizers segment:

Adjusted EBITDA amounted to $121.2 million in 2Q26 and $173.8 million in 6M26. On a pro forma basis, these represent a 109.7% and 148.5% increase versus 2Q25 and 6M25, assuming that the Profertil acquisition had occurred on January 1, 2025.
(+) Greater urea production (21.6% higher than 2Q25) on higher number of operational days. Year-to-date production at 617 thousand tons of urea (15.9% more versus 6M25).
(+) Higher sales on greater urea prices ($699/ton in 2Q26 and $620/ton year-to-date, versus $444/ton in 2025).
(+) Lower cost of production supported by cost efficiencies and higher production, driving further margin expansion. Outlook
(+/-) After reaching its peak during the month of April (~$800/ton), driven by the conflict in Middle East, urea prices returned to mid-cycle levels. As of the date of this press release, CFR Brazil is trading at ~$480/ton on average.
(+) Due to better-than-expected prices captured in 6M26, we expect a strong Adjusted EBITDA in 2026, exceeding prior years.

Sugar, Ethanol & Energy segment:

Adjusted EBITDA amounted to $53.2 million in 2Q26 and $93.8 million in 6M26, 21.8% and 4.2% lower year-over-year, respectively.
(+) Crushing totaled 3.5 million tons in 2Q26 and 5.8 million tons in 6M26 (up 2.8% and 16.8% year-over-year, respectively) driven by greater cane availability on better yields (83 tn/ha in 6M26).
(+) Ethanol maximization (78% mix in 6M26) to capture better margins compared to sugar.
(-/+) Lower net sales on lower selling volumes and prices of sugar, coupled with lower ethanol volumes sold as we built-up inventories.
(-) Year-over-year losses in biological assets on lower Consecana prices, despite higher crushing.
(-/+) Cost of production stood at 10.4 cts/lb (versus 9.0 cts/lb in 6M25) despite higher crushing volume, driven by the appreciation of the Brazilian Real. Excluding FX impact, production cost expressed in local currency remained in line compared to 6M25. Outlook
(+) Crushing pace remains on track to meet our full-year crushing target. Assuming normal weather, we foresee low-double-digit growth in 2026 crushing volume versus 2025.
(+/-) We have 75% of our sugar production hedged at 15.7 cts/lb and 16% of next year's at 17.4 cts/lb.
(+) We have 41% of our year-to-date ethanol production stored in our tanks to profit from higher expected price.

Food & Agriculture segment:

Adjusted EBITDA reached $4.9 million in 2Q26, compared to $1.1 million in 2Q25. On a year-to-date basis, Adjusted EBITDA reached $6.2 million, 64.9% lower year-over-year.
(+) Higher grain production on better yields as we conclude the 2025/26 harvest season. Greater milk processing volume driven by higher cow productivity.
(-) Lower commodity prices (between 3% and 43% depending on the product), excluding soybean, as local prices benefited from the suspension of export taxes.
(-) Higher costs in U.S. dollar terms. Outlook
(+) We expect margins to improve in the coming quarters as we commercialize the new crop.

Non-Gaap Financial Measures: For a full reconciliation of non-gaap financial measures please refer to page 10 of our 2Q26 Earnings Release found on Adecoagro's website (ir.adecoagro.com)

Forward-Looking Statements: This press release contains forward-looking statements that are based on our current expectations, assumptions, estimates and projections about us and our industry. For a full definition of our Forward-Looking Statements, please refer to page 9 of our 2Q26 Earnings release.

To read the full 2Q26 earnings release, please access ir.adecoagro.com. A conference call to discuss 2Q26 results will be held on August 12, 2026, with a live webcast through the internet:

Conference Call
August 12, 2026
10 a.m. US EST
11 a.m. Buenos Aires
11 a.m. São Paulo
4 p.m. Luxembourg
To participate, please register at the link

Investor Relations Department
Emilio Gnecco
CFO
Victoria Cabello
IRO
Email: [email protected]

About Adecoagro:
Adecoagro is a leading sustainable production company in South America. Adecoagro owns 210.4 thousand hectares of farmland and several industrial facilities spread across the most productive regions of Argentina, Brazil and Uruguay, where it produces 1.3 million tons of fertilizers, 3.1 million tons of agricultural products and over 1 million MWh of renewable electricity.

SOURCE Adecoagro S.A.

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Jabil Inc (NYSE:JBL) shares gained about 5% on Tuesday afternoon after UBS upgraded the stock to 'Buy' and raised its estimates, citing a multiyear growth cycle driven by artificial intelligence investment, healthcare demand and expanding automation and robotics markets.

UBS set a $430 price target, implying roughly 22% upside from the stock's current level. The firm lowered the valuation multiple underpinning its target to about 22 times earnings from 25 times, reflecting what it described as a broad-based de-rating across the AI infrastructure system.

UBS expects Jabil's AI-related revenue to grow at least about 50% in fiscal 2027 to roughly $20.3 billion. The firm said recent checks point to capacity expansion in markets including Memphis and North Carolina, while product road maps at key customers such as Amazon and Meta could support faster growth than previously expected. UBS also pointed to Amazon Web Services' chip business as a potential driver.

The firm expects Jabil's healthcare business to benefit as capacity comes online at its Croatia facility, which has been repurposed for healthcare customers. UBS expects the shift toward higher-margin products, including GLP-1 drugs, along with increased volume to accelerate revenue growth and support operating margin expansion in fiscal 2028.

UBS also highlighted Jabil's shift away from businesses that did not meet its growth, margin and return on investment thresholds and toward faster-growing markets such as robotics and automation. The firm's analysis noted that Jabil's Digital Commerce business, while representing about $2.7 billion of fiscal 2026 revenue, or 8% of total revenue, has an operating margin of at least 7%, above Jabil's overall margin of 5.8%.

UBS expects these factors to help push Jabil's operating margin above 6% in fiscal 2027.

The firm raised its Jabil fiscal 2027 and fiscal 2028 earnings-per-share estimates to $16.78 and $20.24, respectively, from $15.89 and $18.34, citing stronger checks around cloud and data center infrastructure demand.

UBS said its earnings estimates are only modestly above consensus but expects a "beat-and-raise" cadence next year to support a roughly 22-times price-to-earnings multiple. The firm expects its EPS growth forecast to exceed market expectations by about 150 basis points.

UBS's $430 price target remains unchanged despite the higher earnings estimates because of the lower target multiple. The firm based the target on a roughly 22-times multiple applied to a 50/50 weighting of its calendar 2027 and calendar 2028 EPS estimates.

Wireless IoT leader delivers $228 million in revenue and strong earnings growth

, /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), the leading innovator in low-power wireless, reported financial results for the second quarter, which ended July 4, 2026.

"We delivered revenue of $228 million, continuing our strong sequential and year-over-year growth - a testament to the execution and dedication of the Silicon Labs team," said Matt Johnson, President and Chief Executive Officer. "Overall profitability improved meaningfully in the quarter, demonstrating the operating leverage inherent in our model. Gross margin was nearly 62%, reflecting the value customers place on our industry-leading solutions."

Second Quarter Financial Highlights 

Revenue was $228 million, up 18% year-over-year Industrial & Commercial revenue was $135 million, up 23% year-over-year Home & Life revenue was $93 million, up 12% year-over-year Bookings and new orders accelerated, while inventory at both our distributors and end customers declined Medical achieved record revenue in the quarter, up 78% year-over-year Total opportunity funnel and design wins both materially accelerated, reinforcing our durable growth trajectory GAAP diluted loss per share was $(0.32), improving by 52% over the comparable period last year Non-GAAP diluted earnings per share was $0.71, up 545% over the comparable period last year Results on a GAAP basis:

GAAP gross margin was 61.6% GAAP operating expenses were $151 million GAAP operating loss was $11 million GAAP diluted loss per share was $(0.32) Results on a non-GAAP basis, excluding the impact of stock compensation, amortization of acquired intangible assets, merger-related costs, and certain other items as set forth in the below GAAP to Non-GAAP reconciliation tables were as follows:

Non-GAAP gross margin was 61.9% Non-GAAP operating expenses were $114 million Non-GAAP operating income was $27 million Non-GAAP diluted earnings per share was $0.71 Due to the announced pending acquisition of Silicon Labs by Texas Instruments, Silicon Labs has suspended providing forward-looking guidance.

For more information: Silicon Labs Investor Relations, [email protected] 

About Silicon Labs 

Silicon Labs (NASDAQ: SLAB) is the leading innovator in low-power wireless connectivity, building embedded technology that connects devices and improves lives. Merging cutting-edge technology into the world's most highly integrated SoCs, Silicon Labs provides device makers the solutions, support, and ecosystems needed to create advanced edge connectivity applications. Headquartered in Austin, Texas, Silicon Labs has operations in over 16 countries and is the trusted partner for innovative solutions in the smart home, industrial IoT, and smart cities markets. Learn more at silabs.com.

Forward-Looking Statements

This press release contains forward-looking statements regarding Silicon Labs' current expectations, which are based on its current views and assumptions. The words "believe", "estimate", "expect", "intend", "anticipate", "plan", "project", "will", and similar phrases as they relate to Silicon Labs are intended to identify such forward-looking statements, although the absence of such words does not necessarily mean a statement is not forward looking. These forward-looking statements include, but are not limited to, Silicon Labs' expectations regarding its near- and long-term strength and durable growth trajectory and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations that are expressed or implied herein. Among the factors that could cause actual results to differ materially from those in the forward-looking statements are the following: our ability to complete the merger with Texas Instruments within the time frame expected, or at all, as well as potential disruptions in our business and restrictions on our activities during the pendency of the merger; fluctuating changes in global trade policies, including the imposition of tariffs, duties, trade sanctions, or other barriers to international commerce; the impact of the current global memory chip shortage; the competitive and cyclical nature of the semiconductor industry; the challenging macroeconomic environment, including disruptions in the financial services industry; geographic concentration of manufacturers, assemblers, test service providers and customers in Asia that subjects Silicon Labs' business and results of operations to risks of natural disasters, epidemics or pandemics, war and political unrest; risks that demand and the supply chain may be adversely affected by military conflict (including in the Middle East, and between Russia and Ukraine), terrorism, sanctions or other geopolitical events globally (including in the Middle East, and conflict between Taiwan and China); risks that Silicon Labs may not be able to maintain its historical growth; quarterly fluctuations in revenues and operating results; difficulties developing new products that achieve market acceptance; risks associated with international activities (including trade barriers, particularly with respect to China); intellectual property litigation risks; risks associated with acquisitions and divestitures; product liability risks; difficulties managing and/or obtaining sufficient supply from Silicon Labs' distributors, manufacturers and subcontractors; dependence on a limited number of products; absence of long-term commitments from customers; inventory-related risks; difficulties managing international activities; risks that Silicon Labs may not be able to manage strains associated with its growth; credit risks associated with its accounts receivable; dependence on key personnel; stock price volatility; the impact of public health crises on the U.S. and global economy; debt-related risks; capital-raising risks; the timing and scope of share repurchases and/or dividends; average selling prices of products may decrease significantly and rapidly; information technology risks; cyber-attacks against Silicon Labs' products and its networks; risks associated with any material weakness in our internal controls over financial reporting; risks relating to compliance with laws and regulations; and other factors that are detailed in the SEC filings of Silicon Laboratories Inc. Silicon Labs disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. References in this press release to Silicon Labs shall mean Silicon Laboratories Inc.

Note to editors: Silicon Laboratories, Silicon Labs, the "S" symbol, and the Silicon Labs logo are trademarks of Silicon Laboratories Inc. All other product names noted herein may be trademarks of their respective holders. 

Silicon Laboratories Inc.

Condensed Consolidated Statements of Operations 

(In thousands, except per share data) 

(Unaudited)

Three Months Ended

Six Months Ended

July 4,
2026

July 5,
2025

July 4,
2026

July 5,
2025

Revenues

$       228,189

$       192,845

$       441,689

$       370,559

Cost of revenues

87,515

84,736

174,017

164,673

Gross profit

140,674

108,109

267,672

205,886

Operating expenses:

Research and development

95,016

87,821

183,610

176,040

Selling, general and administrative

56,324

43,155

111,810

84,793

Operating expenses

151,340

130,976

295,420

260,833

Operating loss

(10,666)

(22,867)

(27,748)

(54,947)

Other income (expense):

Interest income and other, net

2,489

3,833

6,115

7,626

Interest expense

(251)

(251)

(483)

(535)

Loss before income taxes

(8,428)

(19,285)

(22,116)

(47,856)

Provision for income taxes

2,164

2,532

4,373

4,431

Net loss

$       (10,592)

$       (21,817)

$       (26,489)

$       (52,287)

Loss per share:

Basic

$           (0.32)

$           (0.67)

$           (0.80)

$           (1.61)

Diluted

$           (0.32)

$           (0.67)

$           (0.80)

$           (1.61)

Weighted-average common shares outstanding:

Basic

33,206

32,682

33,084

32,570

Diluted

33,206

32,682

33,084

32,570

Non-GAAP Financial Measurements

In addition to the GAAP results provided throughout this document, Silicon Labs has provided non-GAAP financial measurements on a basis excluding non-cash and other charges and benefits. Details of these excluded items are presented in the tables below, which reconcile the GAAP results to non-GAAP financial measurements.

The non-GAAP financial measurements do not replace the presentation of Silicon Labs' GAAP financial results. These measurements provide supplemental information to assist management and investors in analyzing Silicon Labs' financial position and results of operations. Silicon Labs has chosen to provide this information to investors to enable them to perform meaningful comparisons of past, present and future operating results and as a means to emphasize the results of core on-going operations.

Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures

(In thousands, except per share data)

Three Months Ended

July 4, 2026

Non-GAAP Income Statement Items

GAAP

Measure

GAAP

Percent of

Revenue

Stock

Compensation

Expense

Intangible
Asset

Amortization

Merger-
Related Costs

Non-GAAP

Measure

Non-GAAP

Percent of

Revenue

Revenues

$ 228,189

Gross profit

140,674

61.6 %

$        463

$          —

$         —

$         141,137

61.9 %

Research and development

95,016

41.6 %

12,902

2,295

3,289

76,530

33.5 %

Selling, general and administrative

56,324

24.7 %

12,284

—

6,258

37,782

16.6 %

Operating expenses

151,340

66.3 %

25,186

2,295

9,547

114,312

50.1 %

Operating income (loss)

(10,666)

(4.7 %)

25,649

2,295

9,547

26,825

11.8 %

Three Months Ended

July 4, 2026

Non-GAAP Earnings (Loss) Per Share

GAAP

Measure

Stock

Compensation

Expense*

Intangible

Asset

Amortization*

Merger-
Related Costs*

Income

Tax

Adjustments**

Non-

GAAP

Measure

Net income (loss)

$ (10,592)

$     25,649

$       2,295

$       9,547

$      (3,067)

$     23,832

Shares Excluded Due to Net Loss

Diluted shares outstanding

33,206

504

33,710

Diluted earnings (loss) per share

$     (0.32)

$         0.71

*

Represents pre-tax amounts

**

Represents the application of an 18% non-GAAP tax rate

Silicon Laboratories Inc.

Condensed Consolidated Balance Sheets 

(In thousands, except per share data) 

(Unaudited)

July 4,
2026

January 3,
2026

Assets

Current assets:

Cash and cash equivalents

$       362,191

$       364,222

Short-term investments

35,051

79,400

Accounts receivable, net

79,801

64,513

Inventories

123,340

95,566

Prepaid expenses and other current assets

70,840

70,316

Total current assets

671,223

674,017

Property and equipment, net

130,902

128,643

Goodwill

376,389

376,389

Other intangible assets, net

18,541

23,130

Other assets, net

56,001

67,138

Total assets

$     1,253,056

$     1,269,317

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable

$          52,407

$          50,717

Deferred revenue and returns liability

5,176

5,359

Other current liabilities

66,563

87,711

Total current liabilities

124,146

143,787

Other non-current liabilities

34,108

31,112

Total liabilities

158,254

174,899

Commitments and contingencies

Stockholders' equity:

Preferred stock – $0.0001 par value; 10,000 shares authorized; no shares issued

—

—

Common stock – $0.0001 par value; 250,000 shares authorized; 33,366 and 32,955
shares issued and outstanding at July 4, 2026 and January 3, 2026, respectively

3

3

Additional paid-in capital

184,456

157,402

Retained earnings

910,325

936,814

Accumulated other comprehensive income

18

199

Total stockholders' equity

1,094,802

1,094,418

Total liabilities and stockholders' equity

$     1,253,056

$     1,269,317

Silicon Laboratories Inc.

Condensed Consolidated Statements of Cash Flows 

(In thousands) 

(Unaudited)

Six Months Ended

July 4,
2026

July 5,
2025

Operating Activities

Net loss

$       (26,489)

$       (52,287)

Adjustments to reconcile net loss to net cash provided by (used in) operating
activities:

Depreciation of property and equipment

12,171

12,701

Amortization of other intangible assets

4,589

8,780

Stock-based compensation expense

46,704

39,605

Deferred income taxes

1,663

1,504

Changes in operating assets and liabilities:

Accounts receivable

(15,289)

(2,017)

Inventories

(27,734)

24,631

Prepaid expenses and other assets

(803)

5,112

Accounts payable

2,051

12,812

Other current liabilities and income taxes

(7,925)

8,377

Deferred revenue and returns liability

(183)

783

Other non-current liabilities

1,667

(6,965)

Net cash provided by (used in) operating activities

(9,578)

53,036

Investing Activities

Purchases of marketable securities

—

(32,507)

Sales of marketable securities

—

14,986

Maturities of marketable securities

44,119

17,019

Purchases of property and equipment

(22,153)

(13,549)

Proceeds from capital-related government incentives

5,272

—

Net cash provided by (used in) investing activities

27,238

(14,051)

Financing Activities

Payment of taxes withheld for vested stock awards

(27,451)

(13,752)

Proceeds from the issuance of common stock

7,760

7,619

Net cash used in financing activities

(19,691)

(6,133)

Increase (decrease) in cash and cash equivalents

(2,031)

32,852

Cash and cash equivalents at beginning of period

364,222

281,607

Cash and cash equivalents at end of period

$       362,191

$       314,459

SOURCE Silicon Labs

, /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 249 dealerships located in the U.S. and U.K., today announced its board of directors declared a quarterly dividend of $0.55 per share. The dividend is consistent with the Company's previously announced increase of 10% in its annualized dividend rate from $2.00 per share in 2025 to $2.20 per share in 2026.

The dividend is payable on September 15, 2026 to stockholders of record as of September 1, 2026.

ABOUT GROUP 1 AUTOMOTIVE, INC.

Group 1 owns and operates 249 automotive dealerships, 310 franchises, and 32 collision centers in the United States and the United Kingdom that offer 37 brands of automobiles. Through its dealerships and omni-channel platform, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts.

Group 1 discloses additional information about the Company, its business, and its results of operations at www.group1corp.com, www.group1auto.com, www.group1collision.com, www.acceleride.com, and www.facebook.com/group1auto.

FORWARD-LOOKING STATEMENTS
All statements in this press release related to future, not past, events are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are based on our current expectations and assumptions regarding our business, the economy and other future conditions. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause actual results to differ materially from those set forth in the statements. For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

Investor contacts:
David Helderman
Senior Manager, Investor Relations
Group 1 Automotive, Inc.
[email protected] 

Media contacts:
Pete DeLongchamps
Senior Vice President, Manufacturer Relations, Financial Services and Corporate Development
Group 1 Automotive, Inc.
[email protected]

Kimberly Barta
Head of Advertising, Brand and Communications
Group 1 Automotive, Inc.
[email protected] 

or

Jude Gorman / Clayton Erwin
Collected Strategies
[email protected]

SOURCE Group 1 Automotive, Inc.

HomeEarnings AnalysisIndustrial 

SummaryCurtiss-Wright is downgraded to sell as valuation fully reflects robust fundamentals and guidance through 2028.Despite a record $4.5B backlog and raised 2026 sales, margin, and FCF guidance, CW offers no additional upside at current price levels.Q2 delivered strong 5% revenue growth, broad margin expansion, and 37% higher free cash flow, but share repurchase activity lags potential.Sales are expected to grow 8% annually through 2028, EBITDA 10%, and FCF 7%, but the current 32.2x EV/EBITDA limits further appreciation.Looking for more investing ideas like this one? Get them exclusively at The Aerospace Forum. Learn More » Getty Images

Curtiss-Wright Corporation (CW) shares have gained around 3% since my March report, materially underperforming the 15% gain for the S&P 500 over the same period and in line with my downgrade to hold. The stock nevertheless has gained more than

24.46K Followers

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

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

, /PRNewswire/ -- Jack Henry & Associates, Inc.® (Nasdaq: JKHY) announced today that deconversion revenue for the fiscal fourth quarter, ended June 30, 2026, was $9.3 million. Including these quarterly results, the deconversion revenue total for fiscal year 2026 is $42.8 million. For more information about how guidance is developed for deconversion revenue estimates, please see Jack Henry's Current Report on Form 8-K filed with the Securities and Exchange Commission on Aug. 3, 2023.

The majority of deconversion revenue is generated when one of Jack Henry's clients agrees to be acquired by another financial institution, resulting in the termination of the client's contract with Jack Henry. In these circumstances, Jack Henry's recognition of deconversion revenue is driven by factors outside Jack Henry's control, and this revenue does not represent the true operations of Jack Henry's ongoing business of providing services to clients. As a result, Jack Henry excludes deconversion revenue from non-GAAP revenue reported in its quarterly and annual earnings releases.

About Jack Henry & Associates, Inc.®  
Jack Henry® (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For 50 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,400 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at www.jackhenry.com.

SOURCE Jack Henry & Associates, Inc.

Please note that the limited information that follows in this press release is a summary and is not adequate for making an informed investment decision.

MCLEAN, VA / ACCESS Newswire / August 11, 2026 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") today reported financial results for the second quarter ended June 30, 2026. A description of funds from operations ("FFO"), core FFO ("CFFO"), and adjusted FFO ("AFFO"), all non-GAAP (generally accepted accounting principles in the United States) financial measures, appear at the end of this press release. All per-share references are to fully-diluted, weighted-average shares of common stock, unless noted otherwise. For further detail, please refer to the Quarterly Report on Form 10-Q (the "Form 10-Q"), which is available on the Investors section of the Company's website at www.GladstoneLand.com.

Second Quarter 2026 Highlights:

Timing Shift in Earnings Recognition: For the 2026 crop year, three of our farms remain under modified lease agreements that include reduced or eliminated fixed base rent and, in some cases, cash lease incentives to tenants in exchange for significantly higher participation rent components. We also continue to operate two properties (consisting of four farms) under management agreements with third-party operators. Collectively, these properties are referred to as our "Repositioned Farms," reflecting a temporary shift toward greater participation-based revenues. These arrangements increase our reliance on participation rents, which are generally recognized once crop results are known, typically in the fourth quarter. Consequently, consistent with 2025, a substantial majority of our 2026 revenue and earnings is expected to be recognized in the fourth quarter.

Portfolio Activity:

Lease Activity: Executed seven amended or new lease agreements expected to result in an aggregate decrease in annual net operating income of approximately $931,000, primarily due to the renewal of one lease whereby we reduced the base rent in exchange for adding a participation rent component to the lease.

Participation Rents: Recorded approximately $201,000 of participation rent revenue, compared to approximately $142,000 in the prior-year quarter, primarily reflecting higher almond prices.

Crop Sales: Recorded net profit from crop sales on direct-operated farms of approximately $589,000, primarily driven by the harvest and sale of an orange crop on a farm in Florida following the early termination of the prior tenant's lease, coupled with favorable almond pricing.

Impairment: Recorded a non-cash impairment charge of approximately $4.2 million related to four farms in Arizona.

Debt Activity-New Farm Credit Facility: Entered into a new revolving line of credit with Farm Credit of Central Florida, ACA, that provides for borrowings of up to $37.0 million through April 1, 2030.

Equity Activity:

Registration Statement: Filed a new registration statement, which the SEC declared effective on April 23, 2026, permitting us to issue up to an aggregate of $1.0 billion of securities over the next three years.

Common Stock-ATM Program: Issued and sold 1,377,392 shares of our common stock for net proceeds of approximately $14.1 million under our "at-the-market" sales program (the "ATM Program").

Repurchase Program: Repurchased a total of 419,313 shares of our 6.00% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock") and our 6.00% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") at an average repurchase price of $20.61 per share for a total gain on repurchase of approximately $806,000.

Paid Distributions: Paid monthly cash distributions totaling $0.1401 per share of common stock during the quarter ended June 30, 2026.

Second Quarter 2026 Results:

Net loss for the quarter was approximately $8.5 million, compared to approximately $7.9 million in the prior-year quarter. Net loss attributable to common stockholders during the quarter was approximately $13.5 million, or $0.32 per share, compared to approximately $13.9 million, or $0.38 per share, in the prior-year quarter. AFFO for the quarter was approximately $(1.6) million, or $(0.04) per share, compared to approximately $(3.5) million, or $(0.10) per share, in the prior-year quarter. Common stock dividends declared were approximately $0.14 per share for both periods.

Total cash lease revenues increased by approximately $959,000, or 7.9%, primarily due to an increase in fixed base cash rents of approximately $899,000, driven by recently executed new and amended leases and cash rent collected during the current quarter from certain tenants that remain on non-accrual status, partially offset by lost revenue from recent farm sales. In addition, participation rent increased modestly, primarily reflecting higher almond prices for the 2025 crop.

Direct farming operations generated a net profit of approximately $589,000 during the quarter, primarily driven by the harvest and sale of an orange crop on a Florida farm following the early termination of the prior tenant's lease, together with higher almond prices.

Aggregate related-party fees increased by approximately $106,000 during the current quarter, primarily due to a higher administration fee resulting from our relative utilization of our administrator's resources compared with affiliated companies also serviced by our administrator. Excluding related-party fees, recurring cash operating expenses increased by approximately $451,000. Property operating expenses increased by approximately $293,000, primarily due to higher legal expenses incurred to protect water rights on certain California farms and additional costs associated with certain properties that were vacant, direct-operated, or on non-accrual status. General and administrative expenses increased by approximately $158,000, primarily due to higher stockholder-related expenses and professional fees. Interest expense decreased primarily due to the redemption of our 5.00% Series D Cumulative Term Preferred Stock on January 30, 2026, as well as debt repayments made over the past year.

Cash flows from operations for the current quarter increased by approximately $16.0 million compared to the prior-year quarter, primarily due to higher cash receipts from participation rents and crop sales, a decrease in cash allowances paid to certain tenants, and lower interest payments.

Subsequent to June 30, 2026:

Portfolio Activity:

Lease Activity: Executed seven amended or new lease agreements expected to increase annual net operating income by approximately $297,000, or 16.5%, compared to the prior leases.

Property Sale: Sold two farms in Florida totaling 617 gross acres for approximately $3.2 million, resulting in an aggregate net loss of approximately $159,000.

Debt Activity-Loan Repayment: Repaid a $2.8 million mortgage loan that bore an effective interest rate (net of interest patronage) of 3.51%.

Equity Activity:

Repurchase Program: Repurchased a total of 214,160 shares of our Series B Preferred Stock and Series C Preferred Stock at an average repurchase price of $21.07 per share for a total gain on repurchase of approximately $307,000.

Third Quarter Distributions: Declared monthly cash distributions of $0.0467 per share of common stock for each of July, August, and September (totaling $0.1401 per share of common stock for the quarter).

Pistachio Market Update: Our primary processor announced an initial base price of $2.50 per pound for split in-shell pistachios for the 2026 crop, representing a 67% increase over the initial 2025 crop base price.

Comments from David Gladstone, President and CEO of Gladstone Land: "We had a successful 2025 harvest, with yields on the farms where we oversee growing operations exceeding our internal expectations. However, the full financial benefit has not yet been reflected in our results, as a significant portion of the revenue from the 2025 pistachio harvest is expected to be recognized later in 2026 following the conclusion of the marketing period. While the 2026 pistachio crop was already expected to be an "off" year due to the crop's alternate-bearing nature, yields are expected to be further impacted by a March heat event in California that affected pollination across the state. Despite the expected decline in production, market pricing has continued to strengthen, as our primary processor recently announced a 67% increase in the initial base price for split in-shell pistachios for the 2026 crop, which should help offset the impact from lower yields. Almond prices have also strengthened, with current market prices generally 15% to 20% higher than this time last year. Overall, market conditions for pistachios and almonds, the two primary crops grown on our Repositioned Farms, remain favorable, supported by strong demand and improved year-over-year pricing. We view these lease modifications as temporary and continue to target a return to more traditional lease structures that include fixed base rents. In the meantime, we remain focused on enhancing the long-term viability of our farms by pursuing opportunities to acquire additional water resources at attractive prices, further strengthening water security for our farms and growers. Our balance sheet remains in excellent condition, with nearly 96% of our outstanding debt at fixed interest rates. We also continue to maintain strong liquidity, including over $120 million in immediately available capital and more than $110 million in unencumbered properties that could be pledged as additional collateral if needed."

Quarterly Summary Information
(Dollars in thousands, except per-share amounts)

For and As of the Quarters Ended

Change

Change

6/30/2026

6/30/2025

($ / #)

(%)

Operating Data:

Total operating revenues

$

12,692

$

12,296

$

396

3.2

%

Total operating expenses

(17,002

)

(12,510

)

(4,492

)

35.9

%

Other expense, net

(4,150

)

(7,664

)

3,514

(45.9

)%

Net loss

$

(8,460

)

$

(7,878

)

$

(582

)

7.4

%

Less: Aggregate dividends declared on and gains on or charges related to extinguishment of cumulative redeemable preferred stock, net(1)

(5,063

)

(6,002

)

939

(15.6

)%

Net loss attributable to common stockholders

(13,523

)

(13,880

)

357

(2.6

)%

Plus: Real estate and intangible depreciation and amortization

7,886

8,374

(488

)

(5.8

)%

(Less) plus: Gains (losses) on dispositions of real estate assets, net

(438

)

2,149

(2,587

)

(120.4

)%

Plus: Impairment charges

4,194

-

4,194

-

%

Adjustments for unconsolidated entities(2)

(49

)

11

(60

)

(545.5

)%

FFO available to common stockholders

(1,930

)

(3,346

)

1,416

(42.3

)%

(Less) plus: Acquisition- and disposition-related (credits) expenses, net

(5

)

(28

)

23

(82.1

)%

Plus (less): Other nonrecurring charges (receipts), net(3)

274

(188

)

462

(245.7

)%

CFFO available to common stockholders

(1,661

)

(3,562

)

1,901

(53.4

)%

Net adjustment for normalized cash rents(4)

773

(153

)

926

(605.2

)%

Plus: Amortization of debt issuance costs

126

216

(90

)

(41.7

)%

(Less) plus: Other non-cash (receipts) charges, net(5)

(823

)

49

(872

)

(1,779.6

)%

AFFO available to common stockholders

$

(1,585

)

$

(3,450

)

$

1,865

(54.1

)%

Share and Per-Share Data:

Weighted-average shares of common stock outstanding, fully diluted

42,911,176

36,184,658

6,726,518

18.6

%

Diluted loss income per weighted-average common share

$

(0.315

)

$

(0.384

)

$

0.068

(17.8

)%

Diluted FFO per weighted-average common share

$

(0.045

)

$

(0.092

)

$

0.047

(51.4

)%

Diluted CFFO per weighted-average common share

$

(0.039

)

$

(0.098

)

$

0.060

(60.7

)%

Diluted AFFO per weighted-average common share

$

(0.037

)

$

(0.095

)

$

0.058

(61.3

)%

Cash distributions declared per common share

$

0.140

$

0.140

$

0.000

-

%

Balance Sheet Data:

Net investments in real estate and related assets, at cost(6)

$

1,129,622

$

1,195,083

$

(65,461

)

(5.5

)%

Total assets

$

1,192,196

$

1,258,585

$

(66,389

)

(5.3

)%

Total indebtedness(7)

$

487,766

$

558,917

$

(71,151

)

(12.7

)%

Total equity

$

673,111

$

670,073

$

3,038

0.5

%

Total common shares outstanding (fully diluted)

43,136,573

36,184,658

6,951,915

19.2

%

Other Data:

Cash flows from operations

$

19,931

$

3,949

$

15,982

404.7

%

Farms owned

144

150

(6

)

(4.0

)%

Acres owned

98,688

103,001

(4,313

)

(4.2

)%

Occupancy rate(8)

95.4

%

95.9

%

(0.5

)%

(0.5

)%

Acre-feet of water assets owned

55,649

55,306

343

0.6

%

(1) Includes cash dividends paid on our cumulative redeemable preferred stock and the net gain (loss) recognized as a result of shares of cumulative redeemable preferred stock that were redeemed.
(2) Represents our pro-rata share of depreciation expense recorded in unconsolidated entities.
(3) Consists primarily of (i) the write-off of certain unallocated costs related to a prior universal shelf registration statement, (ii) net property and casualty losses (recoveries) recorded and the cost of related repairs expensed as a result of damage to improvements on certain of our farms caused by certain non-recurring events, (iii) one-time legal costs incurred related to certain corporate organizational matters, and (iv) for 2025 only, the capital gains fee and subsequent adjustment recorded during the three months ended June 30, 2025, which is not due until after the end of the fiscal year and is subject to further adjustment throughout the remainder of the year.
(4) This adjustment removes the effects of straight-lining rental income, as well as the amortization related to above-market lease values and certain non-cash lease incentives and accretion related to below-market lease values, deferred revenue, and tenant improvements, resulting in rental income reflected on a modified accrual cash basis. The effect to AFFO is that cash rents received pertaining to a lease year are normalized over that respective lease year on a straight-line basis, resulting in cash rent being recognized ratably over the period in which the cash rent is earned.
(5) Consists of (i) the net (gain) loss recognized as a result of shares of cumulative redeemable preferred stock that were redeemed, which were non-cash (gains) charges, (ii) our remaining pro-rata share of (income) loss recorded from investments in unconsolidated entities, and (iii) (less) plus net non-cash (income) expense recorded as a result of additional water assets (received) used in certain transactions.
(6) Consists of the initial acquisition price (including the costs allocated to both tangible and intangible assets acquired and liabilities assumed), plus subsequent improvements and other capitalized costs associated with the properties, including investments in water assets, and adjusted for accumulated depreciation and amortization and impairment charges, if any.
(7) Consists of the principal balances outstanding on all indebtedness, including our lines of credit, notes and bonds payable, and, as of the three months ended June 30, 2025, only, our Series D Term Preferred Stock, which was redeemed in full on January 30, 2026.
(8) Based on farmable acreage; includes direct-operated farms.

Conference Call for Stockholders: The Company will hold a conference call on Wednesday, August 12, 2026, at 8:30 a.m. (Eastern Time) to discuss its earnings results. Please call (877) 407-9046 to join the conference call. An operator will monitor the call and set a queue for any questions. A conference call replay will be available after the call and will be accessible through August 19, 2026. To hear the replay, please dial (877) 660-6853, and use playback conference number 13760773. The live audio broadcast of the Company's conference call will also be available online on the Investors section of the Company's website, www.GladstoneLand.com.

About Gladstone Land Corporation:

Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that owns farmland and farm-related properties located in major agricultural markets in the U.S. The Company currently owns 142 farms, comprised of approximately 98,000 acres in 14 different states and nearly 56,000 acre-feet (or over 18.1 billion gallons) of water assets in California. Gladstone Land's farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, blueberries, figs, olives, pistachios, and wine grapes, which are generally planted every 20-plus years and harvested annually. Gladstone Land pays monthly distributions to its stockholders and has paid 162 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The current per-share distribution on its common stock is $0.0467 per month, or $0.5604 per year. Additional information, including detailed information about each of the Company's farms, can be found at www.GladstoneLand.com.

Owners or brokers who have farmland for sale in the U.S. or those looking to buy farms should contact:

Western U.S. - Bill Reiman at (805) 263-4778 or [email protected];

Midwestern U.S. and Mid-Atlantic U.S. - Joey Van Wingerden at (703) 287-5914 or [email protected]; or

Southeastern U.S. - Brett Smith at (904) 687-5284 or [email protected].

Lenders who are interested in providing us with long-term financing on farmland should contact Jay Beckhorn at (703) 587-5823 or [email protected].

For stockholder information on Gladstone Land, call (703) 287-5893. For Investor Relations inquiries related to any of the monthly dividend-paying Gladstone funds, please visit www.GladstoneCompanies.com.

Non-GAAP Financial Measures:

FFO: The National Association of Real Estate Investment Trusts ("NAREIT") developed FFO as a relative non-GAAP supplemental measure of operating performance of an equity REIT in order to recognize that income-producing real estate historically has not depreciated on the basis determined under GAAP. FFO, as defined by NAREIT, is net income (computed in accordance with GAAP), excluding gains (or losses) from sales of property and impairment losses on property, plus depreciation and amortization of real estate assets, and after adjustments for unconsolidated partnerships and joint ventures. The Company believes that FFO per share provides investors with an additional context for evaluating its financial performance and as a supplemental measure to compare it to other REITs; however, comparisons of its FFO to the FFO of other REITs may not necessarily be meaningful due to potential differences in the application of the NAREIT definition used by such other REITs.

CFFO: CFFO is FFO, adjusted for items that are not indicative of the results provided by the Company's operating portfolio and affect the comparability of the Company's period-over-period performance. These items include certain non-recurring items, such as acquisition- and disposition-related expenses, the net incremental impact of operations conducted through our taxable REIT subsidiary, income tax provisions, and property and casualty losses or recoveries. Although the Company's calculation of CFFO differs from NAREIT's definition of FFO and may not be comparable to that of other REITs, the Company believes it is a meaningful supplemental measure of its sustainable operating performance. Accordingly, CFFO should be considered a supplement to net income computed in accordance with GAAP as a measure of our performance. For a full explanation of the adjustments made to arrive at CFFO, please read the Form 10-Q, filed today with the SEC.

AFFO: AFFO is CFFO, adjusted for certain non-cash items, such as the straight-lining of rents and amortizations into or against rental income (resulting in cash rent being recognized ratably over the period in which the cash rent is earned). Although the Company's calculation of AFFO differs from NAREIT's definition of FFO and may not be comparable to that of other REITs, the Company believes it is a meaningful supplemental measure of its sustainable operating performance on a cash basis. Accordingly, AFFO should be considered a supplement to net income computed in accordance with GAAP as a measure of our performance. For a full explanation of the adjustments made to arrive at AFFO, please read the Form 10-Q, filed today with the SEC.

A reconciliation of FFO (as defined by NAREIT), CFFO, and AFFO (each as defined above) to net income (loss), which the Company believes is the most directly-comparable GAAP measure for each, and a computation of fully-diluted net income (loss), FFO, CFFO, and AFFO per weighted-average share is set forth in the Quarterly Summary Information table above. The Company's presentation of FFO, CFFO, or AFFO, does not represent cash flows from operating activities determined in accordance with GAAP and should not be considered an alternative to net income as an indication of its performance or to cash flow from operations as a measure of liquidity or ability to make distributions.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS:

Certain statements in this press release, including, but not limited to, the Company's ability to maintain or grow its portfolio and FFO, expected increases in capitalization rates, benefits from increases in farmland values, increases in operating revenues, and the increase in NAV per share, are "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. These forward-looking statements inherently involve certain risks and uncertainties, although they are based on the Company's current plans that are believed to be reasonable as of the date of this press release. Factors that may cause actual results to differ materially from these forward-looking statements include, but are not limited to, the Company's ability to procure financing for investments, downturns in the current economic environment, the performance of its tenants, the impact of competition on its efforts to renew existing leases or re-lease real property, and significant changes in interest rates. Additional factors that could cause actual results to differ materially from those stated or implied by its forward-looking statements are disclosed under the caption "Risk Factors" within the Company's Form 10-K for the fiscal year ended December 31, 2025, as amended, as filed with the SEC on April 7, 2026, and certain other documents filed with the SEC from time to time. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Gladstone Land Corporation, (703) 287-5893

SOURCE: Gladstone Land Corporation

CoreWeave shares jumped 12% in extended trading on Tuesday after the AI infrastructure provider reported revenue than topped Wall Street expectations.

Here's how the company did relative to LSEG consensus:

Earnings per share: Loss of $1.03 adjusted vs. loss of $1.20 expectedRevenue: $2.58 billion vs. $2.56 billion expectedRevenue climbed 112% during the quarter from a year earlier, CoreWeave said in a statement. Net loss of $626 million increased from $290 million, or 60 cents per share, a year ago. The company's revenue backlog now stands at $104 billion, with 1.5 gigawatts of active power.

The 8-year-old company has been racing cloud market leaders Amazon, Google and Microsoft to open data centers filled with chips that can run generative artificial intelligence models. Unlike them, CoreWeave isn't profitable.

As of quarter end, it had $35 billion in debt on its balance sheet to cover the cost of Nvidia graphics processing units and other equipment.

During the quarter, Meta said it would spend an additional $21 billion with CoreWeave, which also announced a multi-year agreement with Anthropic and a $6 billion commitment from quantitative trading firm Jane Street.

Meanwhile, competition is growing. SpaceX has begun selling excess computing capacity, and Meta has considered launching a cloud business.

As of Tuesday's close, CoreWeave shares had gained 26% year to date, while the S&P 500 was up almost 13%. The stock debuted on Nasdaq in March 2025.

Executives will discuss the results with analysts and issue guidance on a conference call starting at 5 p.m. ET.

watch now

Summary:

The GBP/JPY continues its post-intervention recovery ahead of the US CPI report tomorrow, which could have a secondary impact on the pair. Current Setup The GBPJPY still retains the structural bullishness because of the interest rate differential that still exists between the British Pound and the yen. However, the overall risk-to-reward for this interest rate differential is no longer as one-sided as it was before the late July FX intervention by the Japanese financial authorities, followed by the Bank of Japan’s hawkish switch in monetary policy. However, the pair still retains its key macro divergence as the Bank of England still maintains its official bank rate at 3.75%, against the BoJ’s 1.0%.

The sudden switch to a more hawkish approach to monetary policy by Japanese authorities has triggered a round of strengthening in the last two weeks. Not only have Japanese financial authorities demonstrated a willingness to intervene in FX markets when required, but this has also been backed up by more hawkish messaging at last week’s BoJ monetary policy meeting.

The summary is clear. While the fundamentals of the carry trade continue to support a GBP/JPY uptrend, it is becoming riskier to keep chasing that trend at elevated price levels. 

Macro Analysis of the GBP/JPY 1) The BoE-BoJ rate differential still favors the GBP

The rate differential remains the largest structural support for the GBP/JPY pair. Investors will therefore still choose to borrow the Yen (lower interest) and buy the Pound (earning higher interest); the so-called carry trade. As long as this differential remains, investors will remain incentivized to continue the carry trade.

The carry only collapses if the BoE reduces rates, or the BoJ fastens its tightening course. Otherwise, any interventions by the Japanese financial authorities will make it cheaper to get into the GBP/JPY uptrend, providing a dip-buying opportunity.

2) A More Hawkish BOJ is gaining market traction

Japan’s export-oriented economy depends on a weaker Yen relative to the other G10 currencies to make its products more attractive for other countries to import. But with the rise in oil prices due to the geopolitical tensions in the Middle East, it has become simply too expensive to use a gradually weakening Yen to fund oil imports. Japan is 100% dependent on imports of crude oil/refining derivatives for its fossil-fuel needs. The Yen’s weakness was starting to become an untenable situation. The Japanese financial authorities are no longer just threatening to intervene (verbal action). They actually consulted US authorities and performed a coordinated action to buy Yen and sell the US Dollar.

The message is clear, and BoJ Governor Ueda also sounded this at the last monetary policy meeting: the BoJ was prepared to use all means at its disposal to resist disorderly depreciation of the Yen and respond to any inflationary pressures brought on by wage growth. Estimates put the cost of the latest intervention at about ¥8.45 trillion. As is the culture, there are no official figures from the BoJ or Japanese Finance Ministry to this effect.

This is important because such an intervention usually leads to the yen strengthening across the board. Despite the USD/JPY being the primary target of this move, the GBP/JPY suffered collateral damage.

USD/JPY ↓ → JPY strengthens → GBP/JPY ↓

3) Intervention risk at elevated levels is now a credible factor

This is a major change for the macro fundamentals of GBP/JPY. There is now a risk of abrupt reversals without warning if the uptrend takes prices above 210.00. Maybe even lower. Trying to chase an additional upside move at that price level, or even trying to pre-empt an intervention, can quickly lead to severe losses if the trader’s account cannot handle the volatility.

4) The BoE is not straightforwardly dovish

The Bank of England’s pathway to rate cuts remains unclear and non-committal. UK inflation for June cooled significantly to 2.6% YoY. This should ordinarily be an impetus for a rate cut, but growth and employment data surprised to the upside, which is a sign that the UK economy presently does not need the BoE’s help via a dovish action.

The next UK inflation and employment data on 17-18 August 2026 are deemed as a key driver of the GBP/JPY’s near-term trend.

5) Risk sentiment

The GBP/JPY is more risk-sensitive than many major FX crosses. The pair gains when the market is risk-on, and loses ground when the market is risk-off. The geopolitical space has made risk sentiment an active determinant of intraday and ultra-short-term direction.

GBP/JPY Technical Outlook The 4-hr chart shows that the price action has broken above the 214.62 resistance (2 July) en route to the 216.03 barrier and prior high of 1 July 2026. If the bulls push past this resistance, the 217.23 and 218.56 resistance levels come into the picture, with the latter being the 30 July high from where the BoJ intervention took place.

Fig 1: GBP/JPY 4-hr chart showing post-intervention recovery levels (snapshot: 11 August 2026) On the flip side, downside targets at 212.61 (24 June low) and 209.51 (2 August low and post-intervention trough) become available if the bulls fail to defend the 214.62 support mark.

In a significant milestone for Google, CEO Sundar Pichai announced via X that the Gemini app has become one of the company’s fastest-growing products, recently surpassing 1 billion monthly active users. Pichai also noted it was the 14th Google product to hit the 1 billion mark.

With this rapid growth, Gemini is keeping pace with OpenAI’s ChatGPT, which hit 1 billion monthly active users back in June. 

The company has been steadily integrating Gemini across its products, from Search and Workspace to Android and its standalone app. Google’s AI Mode in Search, in particular, has achieved a lot of success, with over 1 billion monthly active users globally. But today’s figure refers specifically to the Gemini app, and does not include AI users from other channels.

The company also continued rolling out new models and features, including Gemini 3.5 Flash, which Google says is designed to improve coding and autonomous AI-agent tasks.

Google also shared numbers of how people are actually using the chatbot, with 63% of Gemini users talking directly to the assistant using the voice feature. Plus, Gemini now generates more than 150 million images every day, according to Google. 

And Gemini’s growth isn’t limited to Google’s own products. The company says it now has more than 100 million active users on iOS. 

The milestone comes right after its Q2 2026 earnings call, where the company celebrated having over 950 million monthly users, with daily active users tripling this past year. The announcement also comes ahead of its Made by Google event, where it’s expected to have more Gemini-powered features launching across Pixel devices. 

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Lauren covers media, streaming, apps and platforms at TechCrunch.

You can contact or verify outreach from Lauren by emailing [email protected] or via encrypted message at laurenforris22.25 on Signal.

, /PRNewswire/ - Aurora Cannabis Inc. ("Aurora" or the "Company") (NASDAQ: ACB) (TSX: ACB), the Canadian-based leading global medical cannabis company, responded today to a press release issued by Curaleaf Holdings, Inc. ("Curaleaf") regarding its stated intention to launch an unsolicited take-over bid for all of the issued and outstanding common shares of the Company (the "Aurora Shares") at a stated implied consideration of US$4.00 per Share, consisting of 0.3463 subordinate voting shares of Curaleaf plus US$0.75 in cash per Aurora Share (the "Proposal").

Aurora confirms that it received letters from Curaleaf dated June 23, 2026 and July 7, 2026 outlining proposals to acquire the Aurora Shares. Only the July 7, 2026 letter included any proposed financial terms, and it did not include any detail regarding the mix of cash and share consideration being proposed by Curaleaf. We note that the current Proposal added a cap on the value of the consideration of US$5.00 per Aurora Share, which is a lower price than Aurora Shares have traded as recently as December 18, 2025.

The Proposal was not initiated or solicited by Aurora. The Board of Directors of Aurora (the "Board"), in keeping with its fiduciary duties to act in the best interests of Aurora and all of its stakeholders, carefully considered the prior proposals from Curaleaf as it reviews any proposals received regarding potential transactions in light of other available strategic alternatives and Aurora's strategic plans.  In particular, Aurora's recently completed acquisition of the Safari Flower Company builds on Aurora's global medical cannabis platform and leverages its diversified and scaled network and strong balance sheet to build sustainable, long-term shareholder value. As noted by Curaleaf, Aurora's growing EU-GMP cultivation and manufacturing capacity is highly strategic. Aurora continues to evaluate additional opportunities to expand this capacity and add shareholder value.

Contrary to the assertion that Aurora refused to engage, Aurora's lead independent director did correspond with Curaleaf's CEO, including as recently as July 24, 2026, noting that Aurora was focused on continuing to execute on its business plan over the short to medium term, and did not discourage an ongoing dialogue between the parties going forward.

The Board intends to form a special committee of independent directors to consider the Proposal, with a view to determining the course of action that is in the best interests of the Company and all stakeholders.

No decision has been made with respect to the Proposal, and there can be no assurance that the Proposal will result in any transaction. Aurora continues to operate its business as usual while executing on its announced strategic plans.

Aurora shareholders do not need to take any action at this time. The Company does not intend to make any further public comment regarding the Proposal or the review process unless and until it determines that additional disclosure is in the best interests of shareholders or required by law.

About Aurora Cannabis

Aurora is a global leader in medical cannabis, dedicated to improving lives through scientific expertise, proven performance, and a deep commitment to patient care. Aurora serves medical markets across Canada, Europe, Australia, and New Zealand with a portfolio of trusted, leading brands including Aurora®, MedReleaf®, Pedanios®, IndiMed™, San Raf®, and Whistler Medical Marijuana Corporation®. With world-class GMP-certified manufacturing facilities in Canada and Germany, and a team of industry-leading professionals, Aurora continues to expand its global footprint and deliver consistent, high-quality cannabis products with the purpose of Opening the World to Cannabis™. 

Aurora's common shares trade on the NASDAQ and TSX under the symbol "ACB".

Forward Looking Statements

This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements made in this news release include, but are not limited to, Aurora's strategic plans, including the acquisition of the Safari Flower Company, Aurora's growing EU-GMP cultivation and manufacturing capacity and Aurora's evaluation of other opportunities to expand capacity and add shareholder value. These forward-looking statements are only predictions. Forward-looking information or statements contained in this news release have been developed based on the Company and its management's good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company's business and operations in the future. Forward-looking information and statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management at the date the statements are made including, among other things, assumptions about: development costs remaining consistent with budgets; the ability to manage anticipated and unanticipated costs; access to favorable equity and debt capital markets; the ability to raise sufficient capital to advance the business of the Company; favorable operating and economic conditions; political and regulatory stability; obtaining and maintaining all required licenses and permits; receipt of governmental approvals and permits; sustained labour stability; stability in financial and capital goods markets; favorable production levels and costs from the Company's operations; the pricing of various cannabis products; the level of demand for cannabis products; the availability of third-party service providers and other inputs for the Company's operations; and the Company's ability to conduct operations in a safe, efficient, and effective manner. The Company does not give any assurance that the assumptions on which forward-looking information or statements are based will prove to be correct, or that the Company's business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company's control. Such forward-looking statements are estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. These risks include, but are not limited to, the ability to retain key personnel, the ability to continue investing in infrastructure to support growth, the ability to obtain financing on acceptable terms, the continued quality of our products, customer experience and retention, the development of third party government and non-government consumer sales channels, management's estimates of consumer demand in Canada and in jurisdictions where the Company exports, expectations of future results and expenses, the availability of additional capital to complete construction projects and facilities improvements, the risk of successful integration of acquired business and operations, management's estimation that SG&A will grow only in proportion to revenue growth, the ability to expand and maintain distribution capabilities, the impact of competition, the general impact of financial market conditions, the yield from cannabis growing operations, product demand, changes in prices of required commodities, competition, and the possibility for changes in laws, rules, and regulations in the industry, epidemics, pandemics or other public health crisis, and other risks as set out under the heading "Risk Factors" in the Company's annual information form dated June 10, 2026 and filed with Canadian securities regulators available on the Company's issuer profile on SEDAR+ at www.sedarplus.com and filed with and available on the SEC's website at www.sec.gov. The Company cautions that the list of risks, uncertainties and other factors described in the AIF is not exhaustive and other factors could also adversely affect its results. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such information. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.

SOURCE Aurora Cannabis Inc.

It's been a little over five months since the global movie and streaming giant Netflix (NFLX -1.97%) walked away from an $82.7 billion bid to acquire Warner Bros. Discovery's film and studio assets, paving the way for its rival Paramount Skydance to buy the entire company.

Since then, Netflix's stock has come under pressure as investors rethink the company's growth prospects as it shifts out of its previous rapid expansion phase toward a more mature business model. But what might the next five years have in store for Netflix and its shareholders?

Today's Change

(

-1.97

%) $

-1.50

Current Price

$

74.79

Is buying growth better than slowing growth? Netflix's stock price initially surged after management decided to cede the fight for Warner Bros. to Paramount Skydance. Investors had been worried about the financial risks Netflix would be taking on if it managed to seal the deal -- specifically, the prospect of taking on billions in additional debt to finance the buyout and the challenges of combining two large and complex businesses into a cohesive whole.

However, with the benefit of hindsight, it's easy to see why management thought the megamerger was a good idea before a competing bid from Paramount made the price too steep to justify: Netflix is running out of organic growth, and that has been causing its stock to rapidly lose its premium valuation.

The company's second-quarter earnings highlight this troubling trend.

Revenue rose by just 13% year over year to $12.6 billion, a deceleration from the top-line growth rate of 16% that Netflix enjoyed in the corresponding quarter of 2025. More importantly, engagement growth is also soft, with viewing hours up by just 2% in the first half of the year. This suggests most of Netflix's revenue growth is now coming from squeezing more money out of existing users instead of attracting and engaging new ones -- a symptom of the heavy competition in the streaming space.

Netflix is becoming a mature business No company can expand at a breakneck pace forever. But the transition from being a growth business to a mature business doesn't necessarily have to be a train wreck, and Netflix has several key advantages that can help smooth the way. For starters, it enjoys immense size and brand recognition, which will help it generate substantial shareholder value, even as engagement growth begins to plateau.

Even small increases in pricing across over 325 million subscribers can translate to meaningful revenue and profit growth. And Netflix is still at the early stages of monetizing its most exciting strategy: advertising.

Image source: Getty Images.

Management expects to deliver $3 billion in total advertising revenue in 2026, which would be double the figure it reported last year. The fact that this business has been able to scale up so rapidly is evidence of the natural advantages provided by Netflix's scale. And this might only be the beginning: Analysts at the World Advertising Research Center project that Netflix's ad revenue will hit $8 billion by 2030 as it continues to improve its technology and expand its global advertiser base.

Investors also shouldn't overlook Netflix's international opportunities. While the company has already penetrated over half of American households, it has much more room to grow in regions like Asia, especially as it invests in localized, native language content. The company has already created over 200 originals in India, and its deep pockets and global experience will likely help it stand out from the local competition.

What will the next five years have in store? Netflix is a mature company. And because it is already so large, even huge opportunities like digital advertising and international expansion will only contribute modest growth to its top line. That said, shares trade at a reasonable forward price-to-earnings (P/E) multiple of 23, which is just slightly higher than the S&P 500's average forward P/E of 21. And if shares continue to decline, Netflix could soon become an attractive value pick for long-term investors.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

© carterdayne / iStock Unreleased via Getty Images

Shares of Hertz Global Holdings (NASDAQ:HTZ) are ripping higher in Tuesday afternoon trading, changing hands around $2.64, a 25% jump from Monday’s close of $2.12. The move extends a violent post-earnings bounce, with the stock now up 39% over the past week.

Earnings Beat Reignites a Battleground Trade The catalyst traces back to Hertz’s August 6 Q2 report, which surprised to the upside on nearly every operating line. Revenue landed at $2.396 billion, up 10% year over year, while adjusted EPS of -$0.11 beat consensus handily. Adjusted Corporate EBITDA came in at $81 million, and revenue per unit hit $1,542, above the company’s North Star target.

CEO Gil West framed the earnings report as validation of the turnaround, saying “This quarter’s results reflect the disciplined execution of our strategy and our consistent commercial strength.” Revenue grew 10% year over year despite operating with a 1% smaller fleet, a genuine pricing-power tell. The 8-K is on file with the SEC.

Lawsuits, Dilution, and Index Removal Keep the Trade Two-Sided The rally is happening in spite of a wall of overhangs. Multiple securities class-action complaints allege Hertz made materially false statements about liquidity and the likelihood of a dilutive capital raise between May 7 and June 23, 2026, with a lead-plaintiff deadline of September 22, 2026. A $300 million secured-notes deal announced June 24 triggered the 40%-plus drawdown that anchors those suits.

Layer on removal from the S&P SmallCap 600, which forced index-fund selling, and analyst fair-value cuts from $3.78 to $2.78. The balance sheet is also stretched, with total debt at $18.7 billion and a stockholders’ deficit of $628 million. Year to date, HTZ is still down 59%.

It’s worth noting that Hertz opened the day flat. Buying pressure built between 9:45 a.m. ET and 10:45 a.m. ET. Most of Hertz’ gains came from that period as the stock has traded mostly sideways since the morning.

Peers Are Not Following the Squeeze The bounce looks idiosyncratic. Avis Budget Group (NASDAQ:CAR | CAR Price Prediction), the closest rental peer, is up 3% today to $142 and essentially flat over the past week. Mobility partner Uber Technologies (NYSE:UBER), which is teaming with Hertz’s Oro Mobility unit on an AV launch in the San Francisco Bay Area later this year, has climbed 9% on the week, while Lyft (NASDAQ:LYFT) is up 5%. HTZ is running its own race.

Retail is fueling the move. Reddit’s r/wallstreetbets sentiment score hit 93 on August 7, with posts titled “Upcoming Hertz 10+ Bagger” and “Full port, life savings in HTZ, I have never felt this alive” drawing hundreds of comments. The warrant lock-up expired August 9, which may be adding to the whipsaw as short positioning gets tested.

Contact [email protected] for any questions or corrections.

The AI-powered platform will unify American Public University System's student journey with personalized support, proactive advising, and connected services.

, /PRNewswire/ -- American Public Education, Inc. (Nasdaq: APEI) yesterday announced it is building an AI-powered Student Lifecycle Platform (SLP) using Salesforce for its American Public University System (the "System") to transform how current and prospective students and alumni engage throughout their educational journey.

This innovation builds on APEI's broader AI strategy and its ongoing work to modernize the student experience across the System, which includes American Military University, American Public University, Rasmussen University and Hondros College of Nursing.

Built on the next generation student information system (SIS) from Salesforce, along with Data 360 and Agentforce, the new platform enables a unified view of every student – with AI agents working around the clock to support staff and students. The SLP will streamline admissions and transfer credit, deliver personalized, proactive support throughout the student experience, and deepen alumni engagement -- all grounded in the Salesforce Trust Layer, which provides built-in guardrails like data masking, zero-data retention, and toxicity detection to protect student data as AI scales. Together, these capabilities will help the System better align education with career outcomes while delivering a connected experience across every stage of the student journey.

"Our vision has always been to expand access to high-quality education that transforms lives, advances careers and improves communities," said Angela Selden, President and Chief Executive Officer of APEI and Chancellor of the American Public University System. "This collaboration advances that vision by creating an experience that is simpler, more personal and more responsive to every learner's unique journey."

By leveraging Salesforce's proprietary AI capabilities, open APIs, and a flexible architecture to rapidly develop new student experiences that evolve with learner needs, the Student Lifecycle Platform will unify admissions, financial aid, advising, tutoring and career services into one connected experience, reducing complexity for students, and increasing operational efficiencies.

"We're building more than a technology platform," said James Kenigsberg, Chief Innovation and Technology Officer of APEI and the American Public University System. "We're building academic units that sense what learners need, adapt to where they are and remove unnecessary friction before it becomes a barrier. Salesforce will provide the foundation, while our AI-native architecture will allow us to continuously innovate and create experiences uniquely designed for our students."

"Students expect the same personalized, connected experiences in their academic journey that they get everywhere else in their lives," said Margo Martinez, VP & GM, Education, Salesforce. "APEI is reimagining what's possible by putting AI at the center—empowering students while freeing up staff to spend less time on manual work and more time helping students succeed. When technology anticipates a student's needs, removes barriers before they arise, and supports students from enrollment through their careers, education becomes a lifelong relationship. That's the future APEI is building with Salesforce."

The rollout is expected to begin with the Rasmussen University and Hondros College of Nursing academic units starting in Q1 2027, leading with student support and admissions and expanding to other areas across academic operations and the student journey. We anticipate the completion of the rollout across the System's four academic units to continue through 2027 and into the first half of 2028.

About American Public Education
American Public Education, Inc. (Nasdaq: APEI), through American Public University System (the "System") empowers students through education to transform lives, advance careers, and serve their communities locally and globally. With approximately 109,000 students and over 250,0001 alumni worldwide, the System includes four academic units: American Military University (AMU), American Public University (APU), Rasmussen University (RU), and Hondros College of Nursing (HCN). The System is accredited by the Higher Learning Commission, an institutional accreditation agency recognized by the U.S. Department of Education. The System is a wholly owned subsidiary of American Public Education, Inc. (Nasdaq: APEI).

1As of March 31, 2026.

The System, including AMU, APU, RU, and HCN, is not affiliated with the U.S. Military.

Forward Looking Statements
Statements made in this press release regarding American Public Education, Inc. or its subsidiary institution ("APEI") that are not historical facts are forward-looking statements based on current expectations, assumptions, estimates and projections about APEI and the industry. We may use words such as "anticipate," "expect," "intend," "will," or "may," or other words or expressions that convey future events, conditions, circumstances, or outcomes to identify these forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding the development and implementation, timing of implementation, capabilities and benefits of the AI-powered Student Lifecycle Platform, including any expected benefits to APEI and the System and prospective students, learners and alumni.

Forward-looking statements in this press release are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, among others, risks related to: APEI's dependence on and the need to continue to invest in its technology infrastructure, including with respect to third-party vendors, including but not limited to the collaboration with Salesforce and the proposed AI-powered Student Lifecycle Platform; our ability to improve our student's experience and outcomes; and the various risks described in the "Risk Factors" section and elsewhere in APEI's Annual Report on Form 10-K for the year ended December 31, 2025, and in other filings with the SEC. You should not place undue reliance on any forward-looking statements. APEI undertakes no obligation to update publicly any forward-looking statements for any reason, unless required by law, even if new information becomes available or other events occur in the future.

Media Contact:
Meg Sheeley
[email protected]

SOURCE APEI

Quantinuum's most advanced quantum computer, Helios, will be deployed in a US-based OCI AI data center to enable hybrid quantum-AI workloads as an OCI service. Quantinuum and Oracle aim to support enterprise, AI lab, academic, and research applications spanning drug discovery, materials science, financial modeling, and large-scale optimization, including AI workloads. BROOMFIELD, Colo. and AUSTIN, Texas, /PRNewswire/ -- Quantinuum (NASDAQ: QNT), a leading quantum computing company, and Oracle today announced a multi-year strategic partnership to bring quantum computing to Oracle Cloud Infrastructure (OCI). Under the partnership, OCI customers will be able to directly access Quantinuum's Helios, the most accurate commercial quantum computer in the world,[1] through OCI's quantum service, alongside OCI's high-performance computing (HPC) and GPU infrastructure.

Together, Quantinuum and Oracle plan to explore how hybrid quantum-AI infrastructure could address some of the most computationally intensive challenges facing enterprises and broaden access for universities and research institutions advancing scientific discovery and education. The partnership reflects a shared vision that the future of enterprise computing will be built on the convergence of AI, classical supercomputing, and quantum computing. Many complex problems across materials discovery, drug development, logistics, energy, and financial modeling already push the limits of today's computing architectures.

"We believe the next phase of enterprise computing will be shaped by bringing quantum, AI, and high-performance computing together," said Dr. Rajeeb Hazra, President and CEO of Quantinuum. "Deploying Helios inside OCI gives Quantinuum and Oracle an opportunity to create a unique deeply integrated environment for hybrid workloads, explore enterprise use cases with customers, and accelerate commercial adoption."

Quantum computing offers a fundamentally different approach to computation with the potential to address problems that are impractical for traditional systems alone. In addition, quantum computing uses significantly less energy than supercomputers. A single Helios system has an estimated power draw of less than one percent of the draw reported for leading supercomputers,[2] offering a lower power complementary resource for suitable hybrid workloads.

"AI has changed what organizations can imagine, and we believe quantum computing can expand what they're able to solve," said Mahesh Thiagarajan, Executive Vice President of Oracle Cloud Infrastructure. "By bringing Quantinuum's Helios to Oracle Cloud Infrastructure, we want to give developers a practical and secure way to explore how quantum computing could complement their existing AI and HPC workloads on Oracle Cloud Infrastructure while improving compute efficiency and energy use."

With Quantinuum's Helios on OCI, customers can expect to gain managed, secure access to cloud-hosted quantum computing without having to procure, install, or operate dedicated hardware or specialized facilities. Helios, launched commercially in November 2025, is Quantinuum's third-generation quantum computer. The 98-physical-qubit trapped-ion system has been used in demonstrations involving 48 logical qubits and achieves an average two-qubit gate fidelity of 99.921%, exceeding the widely cited "three 9s" threshold. Helios is designed for hybrid integration with classical HPC and AI environments.

By operating on-premises within OCI's infrastructure, Helios is anticipated to be able to integrate seamlessly with existing OCI compute, networking, storage, identity, and data services under the same governance and access controls customers already use. Oracle plans to preview its OCI quantum service in the coming months, giving developers a streamlined way to move from simulation to execution on real quantum computing hardware. The planned OCI quantum service is expected to combine Quantinuum's development stack with support for open-source hybrid-programming frameworks, helping developers build, test, and refine quantum-classical applications more efficiently.

New Possibilities for Hybrid Quantum-AI Computing

"Our roadmap includes exploring classical-quantum hybrid computing to accelerate scientific discovery," said Johannes Blaschke, Head of Scientific Computing, GBI at Ellison Institute of Technology. "QPUs promise to unlock new insights as they are very different from the hardware that we are used to. So having both GPUs and QPUs available within OCI would provide an all-in-one platform, simplify the operation of novel hardware, and help us move at speed from concept to execution by allowing our researchers to focus on innovation. It could herald in an exciting new phase for our work."

"As quantum computing moves closer to enterprise adoption, simplifying how organizations access and integrate quantum resources has become just as important as advancing the hardware itself," said Heather West, PhD, Global Quantum Research Lead at IDC. "Deploying quantum systems within private cloud environments enables organizations to integrate quantum computing into existing AI and HPC workflows through familiar cloud infrastructure and development tools, reducing barriers to adoption and making hybrid quantum-classical computing a practical part of enterprise IT."

About Quantinuum

Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of trapped-ion based quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry's highest accuracy levels based on average two-qubit gate fidelity.[3] Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets, as well as academic and research institutions globally. The company has a global workforce of approximately 800 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master's degrees. Quantinuum's headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore. For more information, please visit www.quantinuum.com.

About Oracle

Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle, please visit us at www.oracle.com.

Trademarks

Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain statements that may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "future," "will," "seek," "foreseeable," the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for Quantinuum to predict all such factors. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Quantinuum does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Future Product Disclaimer

The above is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, timing, and pricing of any features or functionality described for Oracle's products may change and remains at the sole discretion of Oracle Corporation.

[1] Based on two-qubit gate fidelity as of December 31, 2025.

[2] According to Tchakoute, R.N., et al. (2026) Energy-Aware Computing in the Year 2026., leading supercomputers use 16 MW to 39 MW of energy, whereas a single Helios unit uses approximately 60 kW without an HVAC system.

[3] As of December 31, 2025.

SOURCE Quantinuum

, /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced its intention to offer, subject to market and other conditions, $750.0 million aggregate principal amount of convertible senior notes due 2031 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Realty Income also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $112.5 million aggregate principal amount of notes. 

The notes will be senior, unsecured obligations of Realty Income and interest will be payable semi-annually in arrears. Realty Income will settle conversions by paying cash up to the aggregate principal amount of the notes to be converted and paying or delivering, as the case may be, cash, shares of Realty Income's common stock or a combination of cash and shares of Realty Income's common stock, at Realty Income's election, in respect of the remainder, if any, of Realty Income's conversion obligation in excess of the aggregate principal amount of the notes being converted, based on the then applicable conversion rate. The interest rate, initial conversion rate and other terms of the notes are to be determined upon pricing of the offering. 

Except in the event of a cleanup redemption or a REIT preservation redemption (each as defined below), Realty Income may not redeem the notes prior to August 20, 2029. Realty Income will have the right to redeem the notes, in whole or in part (subject to certain limitations), for cash at Realty Income's option at any time, and from time to time, on or after August 20, 2029 and on or before the 20th scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of Realty Income's common stock exceeds 130% of the conversion price for a specified period of time and certain other conditions are satisfied. 

Realty Income may redeem for cash all, but not less than all, of the notes at any time if the aggregate principal amount of the notes that remains outstanding as of the redemption notice date is less than 10% of the aggregate principal amount of the notes initially issued under the indenture (including any notes issued pursuant to the initial purchasers' option to purchase additional notes) and certain other conditions are satisfied (a "cleanup redemption").

Realty Income will also have the right to redeem the notes, in whole or in part, at Realty Income's option at any time prior to maturity to the extent, and only to the extent, necessary to preserve its status as a real estate investment trust ("REIT") for U.S. federal income tax purposes (a "REIT preservation redemption").

In each case, the redemption price for any note called for redemption will be a cash amount equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. 

If a "fundamental change" (as defined in the indenture for the notes) occurs, which includes certain business combination transactions involving Realty Income and certain de-listing events with respect to Realty Income's common stock, then, subject to a limited exception, noteholders may require Realty Income to repurchase their notes for cash. The repurchase price will be equal to the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date. 

Use of Proceeds and Concurrent Share Repurchases

Realty Income intends to use a portion of the net proceeds from this offering to pay the cost of the capped call transactions described below. Realty Income expects to use a portion of the net proceeds from this offering to repurchase shares of Realty Income's common stock concurrently with the pricing of this offering in privately negotiated transactions effected through one of the initial purchasers of the notes or its affiliate, as Realty Income's agent. These repurchases could increase (or reduce the size of any decrease in) the market price of Realty Income's common stock or the notes, and this activity could affect the market price of Realty Income's common stock prior to, concurrently with or shortly after the pricing of the notes, and could result in a higher initial conversion price for the notes. Realty Income intends to use the remainder of the net proceeds from this offering for general corporate purposes, which may include, among other things, the repayment or repurchase of certain indebtedness (including borrowings under Realty Income's revolving credit facilities and commercial paper programs), foreign currency swaps or other hedging instruments, the development, redevelopment and acquisition of additional properties, acquisition or business combination transactions, and the expansion and improvement of certain properties in Realty Income's portfolio.

Capped Call Transactions

In connection with the pricing of the notes, Realty Income expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers or their affiliates and/or one or more other financial institutions (the "option counterparties"). The capped call transactions are expected generally to reduce the potential dilution to Realty Income's common stock upon any conversion of the notes and/or offset any potential cash payments Realty Income is required to make in excess of the principal amount of the converted notes, as the case may be, with such reduction and/or offset subject to a cap. If, however, the market price per share of Realty Income's common stock, as measured under the terms of the capped call transactions, exceeds the cap price of the capped call transactions, there would nevertheless be dilution and/or there would not be an offset of such potential cash payments, in each case, to the extent that such market price exceeds the cap price of the capped call transactions. The capped call transactions are expected to cover, subject to anti-dilution adjustments substantially similar to those applicable to the notes, the number of shares of Realty Income's common stock that will initially underlie the notes. If the initial purchasers of the notes exercise their option to purchase additional notes, Realty Income expects to use a portion of the additional net proceeds to fund the cost of entering into additional capped call transactions with the option counterparties. 

Realty Income expects that, in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to enter into various derivative transactions with respect to Realty Income's common stock and/or purchase shares of Realty Income's common stock concurrently with or shortly after the pricing of the notes. This activity could increase (or reduce the size of any decrease in) the market price of Realty Income's common stock or the notes at that time. In addition, Realty Income expects that the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Realty Income's common stock and/or by purchasing or selling shares of Realty Income's common stock or other securities of Realty Income in secondary market transactions following the pricing of the notes and prior to the maturity of the notes (and are likely to do so (x) during any observation period related to a conversion of notes or following any repurchase of notes by Realty Income in connection with any redemption or fundamental change, (y) following any repurchase of the notes by Realty Income other than in connection with any redemption or fundamental change if Realty Income elects to unwind a corresponding portion of the capped call transactions in connection with such repurchase and (z) if Realty Income otherwise unwinds all or a portion of the capped call transactions). This activity could also cause or avoid an increase or a decrease in the market price of Realty Income's common stock or the notes, which could affect the ability of holders of the notes to convert the notes and, to the extent the activity occurs during any observation period related to a conversion of the notes, it could affect the number of shares of Realty Income's common stock, if any, and value of the consideration that holders of the notes will receive upon conversion of the notes. 

Important Information

The offer and sale of the notes and any shares of Realty Income's common stock issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any offer or sale of, the notes (or any shares of Realty Income's common stock issuable upon conversion of the notes) in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification thereof under the securities laws of any such state or jurisdiction. 

About Realty Income

Realty Income (NYSE: O), an S&P 500 company, is real estate partner to the world's leading companies®. Founded in 1969, we serve our clients as a full-service real estate capital provider. As of June 30, 2026, we have a portfolio of over 15,500 properties in all 50 U.S. states, the U.K., and eight other countries in Europe. We are known as "The Monthly Dividend Company®" and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. Since our founding, we have declared 673 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats® index for having increased our dividend for over 31 consecutive years.

Forward-Looking Statements

This press release includes forward-looking statements, including statements regarding the anticipated terms of the notes being offered, the completion, timing and size of the proposed offering, the intended use of the net proceeds and the anticipated terms of, and effects of entering into, the capped call transactions described above. Forward-looking statements represent Realty Income's current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the trading price and volatility of Realty Income's common stock and risks relating to Realty Income's business, including those described in periodic reports that Realty Income files from time to time with the SEC. Realty Income may not consummate the proposed offering described in this press release and, if the proposed offering is consummated, cannot provide any assurances regarding the final terms of the offering or the notes or its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and Realty Income does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.

SOURCE Realty Income Corporation

Micron Technology (MU +0.87%) is one of the world's three top suppliers of memory chips, which play a critical role in the artificial intelligence (AI) hardware stacks in data centers, computers, smartphones, and even cars. There is a worldwide shortage of memory right now, which allows the manufacturers to dictate prices. For Micron, this resulted in a staggering 1,368% year-over-year increase in earnings to $24.67 per share during its most recently reported quarter.

A company growing at such a blistering pace would normally be expected to command a sky-high valuation as investors pile into its stock to get ahead of future potential returns. And investors have bid the stock up: Micron is sitting on a 12-month gain of around 640% -- but it's actually still trading at a steep discount to the S&P 500 (^GSPC -0.32%) and Nasdaq-100 indexes by one traditional valuation metric.

Normally, I would consider a stock like Micron to be a bargain at the current price. But here's why I'm not a buyer right now.

Image source: Getty Images.

Micron is unquestionably cheap at first glance During its fiscal 2026 third quarter (which ended on May 28), Micron generated a record $41.4 billion in revenue -- a 364% increase from the prior-year period. That result was driven by triple-digit percentage growth across all four of its business segments:

Segment

Fiscal Q3 Revenue

Revenue Growth (YOY)

Cloud memory

$13.7 billion

307%

Core data center

$11.5 billion

653%

Mobile and client

$11.5 billion

254%

Automotive and embedded

$4.6 billion

311%

Data source: Micron Technology. YOY = year over year.

Cloud memory is the category that includes Micron's sales of its high bandwidth memory (HBM) for data centers, where it sits alongside the graphics processing units (GPUs) supplied by chipmakers like Nvidia. HBM stores data in a ready state for GPUs so that they can access it rapidly, helping to maximize processing speeds. That's particularly valuable in intense AI training and inference workloads.

Suppliers like Micron have been reducing their production of other types of memory and reallocating that capacity to boost their output of HBM because demand for it is so strong.

Micron has now generated earnings of $44.23 per share over the last four quarters, placing its stock at a price-to-earnings (P/E) ratio of just 19.8. That's cheaper than both the S&P 500 and the Nasdaq-100, which have P/E ratios of 25.2 and 32.6, respectively.

But Micron's blockbuster financial performance is widely expected to continue. The average forecast among Wall Street analysts covering the company (provided by Yahoo Finance) suggests that its earnings will surge to $155.56 in its fiscal 2027, which begins in September. That gives the stock a forward P/E of just 5.6, which would normally constitute an irresistible bargain in my book.

Valuation isn't everything in this situation The semiconductor industry -- and particularly the memory segment -- has historically been extremely cyclical. In the past, companies would build data centers and upgrade them only once every few years, resulting in lumpy revenues for chipmakers. The AI boom has condensed the upgrade cycle to 12 months or less because companies like Nvidia and Micron keep bringing out faster chips to meet the market's insatiable demand for computing power.

Micron Technology

Today's Change

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7.52

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But this can't go on forever. The Financial Times reports that Amazon, Alphabet, Meta Platforms, and Microsoft have spent a combined $1.1 trillion on AI infrastructure since 2023, and they are still increasing their annual capital expenditures. That kind of spending makes economic sense only if there is a tangible return, but it appears that the end-users of AI are starting to feel the pinch financially.

Alphabet CEO Sundar Pichai recently said he is fielding complaints from Google Cloud customers about the rising cost of deploying AI. Moreover, a recent price increase by Anthropic for the use of its AI products caused Uber Technologies to blow through its entire 2026 AI budget in just four months. As a result, the company's chief operating officer said it's getting harder to justify the current rate of spending.

Uber has now imposed limits on AI usage for its employees, as have other large companies including Walmart, AT&T, and Amazon. If infrastructure costs keep rising, AI companies will have to continue hiking prices, and this will cause even more of their customers to watch their spending to prevent budget blowouts.

In my opinion, this explains why investors aren't piling into Micron stock despite its low P/E ratio. Even though the AI boom has distorted the cyclicality of the semiconductor industry, it's almost certainly a temporary phenomenon. AI infrastructure spending will eventually slow down. Plus, since Micron and its competitors are rapidly building more chip manufacturing capacity, they are also likely to surrender much of their pricing power in the future as new production comes online and helps ease the shortage -- or even creates a supply glut.

Simply put, it's possible that Micron's earnings could start shrinking in a couple of years as the supply-demand imbalance in the memory market is resolved. That would make its stock more expensive on a forward basis than it currently appears to be. As a result, I'm not buying it right now.

By PYMNTS  |  August 11, 2026

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The Coinbase Business suite now allows businesses to get paid by artificial intelligence agents, Coinbase said in a Tuesday (Aug. 11) blog post.

“The same checkouts you already use can now accept payments from AI agents via x402, an open standard for machine-to-machine payments,” the company said in the post. “Funds settle instantly in USDC, land in your account, and are ready to earn rewards, or withdraw on demand.”

This capability is one of several features added to Coinbase Business in an upgrade announced in Tuesday’s blog post.

Other updates to Coinbase Business include the ability to accept Tether (USDT) through links, checkouts and invoices; the ability to reuse payment links rather than creating a new one for each customer; a flexible pricing option that lets the seller set a minimum, a maximum or leave it open and lets the buyer choose what they pay within those boundaries; the ability to reuse product details across payment links, checkouts and invoices when adding them to a product catalog; and the ability to collect the buyer’s name, email, shipping address and other details alongside the payment.

Coinbase announced in June 2025 that it had opened a waitlist for early access to Coinbase Business alpha and that the new platform would let startups and small businesses send and receive payments, manage crypto assets and automate financial workflows.

“Whether you’re a startup exploring crypto opportunities or a brick-and-mortar business looking to update the system, Coinbase Business is your modern financial command center,” Coinbase said at the time in a blog post.

In October, Coinbase said Coinbase Business was adding a B2B payments suite of tools designed to make USDC as easy to move as sending an email. This global payouts feature allows companies to send USDC to any on-chain address or directly to an email recipient.

For vendors or contractors without a crypto wallet, Coinbase automates the onboarding. Recipients receive an email link, create a free account and can instantly claim or cash out their funds in local currency.

Today, Coinbase Business serves more than 5,000 companies, and its payment acceptance suite has powered more than 100,000 payments, according to the Tuesday blog post.

When a crypto founder dies unexpectedly, there’s a multisig wallet crisis, a keyholder coordination nightmare, and potentially millions in digital assets sitting in limbo. Ondo Finance is learning this the hard way.

Nathan Allman, the founder of tokenized asset platform Ondo Finance, died unexpectedly in May 2026 at age 32. What followed has become one of the most closely watched succession disputes in crypto history.

A leadership vacuum turns into a courtroom fight After Allman’s death, Ian De Bode, who had been serving as Ondo’s president, stepped into the CEO role.

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In August 2026, Kathleen Allman, the founder’s mother, filed suit in Delaware court seeking to remove De Bode from the top job. Her claim: that he had unlawfully seized control of the company.

The Ondo Finance board has pushed back, describing Kathleen Allman’s involvement as a transitional arrangement while they conduct a formal search for a permanent successor.

Why crypto succession is fundamentally different Tuongvy Le, general counsel at Veda Tech Labs and formerly of Anchorage, Bain Capital Crypto, and the SEC, has been one of the more vocal voices on the unique challenges of crypto succession planning. While Le hasn’t commented directly on the Ondo situation, her broader analysis of key management vulnerabilities maps almost perfectly onto the risks now playing out.

In traditional corporate governance, succession means transferring authority, strategy, and relationships. In crypto, it also means transferring access to private keys, coordinating among multisignature wallet holders, and ensuring that the handoff doesn’t create openings for governance attacks.

Le has emphasized that crypto succession planning requires active coordination among signers and keyholders, not just legal documents filed in a drawer. A will that says “my crypto goes to my spouse” is meaningless if the spouse can’t access the wallet, doesn’t know which chain the assets are on, or lacks the technical knowledge to interact with a multisig setup.

The Ondo case as industry inflection point Ondo Finance operates in the tokenized real-world assets space, meaning its platform bridges traditional financial products with blockchain rails. The legal dimensions involve questions about digital asset custody, keyholder rights, and the relationship between on-chain governance and off-chain legal authority — territory Delaware courts have limited precedent navigating.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.