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GitLab Inc. (GTLB) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.2 per share. This compares to earnings of $0.17 per share a year ago.

GitLab Inc. (GTLB) Q1 2027 Earnings Call Transcript

GitLab (NASDAQ:GTLB) reported first quarter financial results that exceeded Wall Street expectations for revenue and earnings, but shares fell about 4%...

Developer platform GitLab has laid off about 14% of its workforce, about 350 employees, as part of a broader restructuring effort it detailed last month.

The company said in May that it was going to reduce its workforce as it exited 22 countries, flattened management layers, and invested in infrastructure to scale its platform and serve increased traffic from AI workflows, with a sharper focus on research and development.

CEO Bill Staples said during a conference call on Tuesday that agentic workloads are stressing developer infrastructure more than it was designed to handle. It isn’t a problem unique to GitLab. The company’s rival GitHub has itself struggled to deal with a massive influx of AI-powered submissions that have affected its uptime.

“Agents work at machine scale, and they’re pushing competitors to the brink. This quarter we began a generational rebuild of git to support the scale and features required for 100x growth. This is a scale requirement that didn’t exist before and has become a real pain point for every team on their agentic journey,” Staples said.

Staples said the company has partnered with an unspecified AI lab to design and rebuild its infrastructure for AI workloads, as well as construct APIs “optimized for agents to store and retrieve context, including code.” It is also investing in orchestration tools for coordinating software development between AI agents and developers, building a context layer, and baking in governance tools directly into its platform.

GitLab joins a number of tech companies such as Intuit, Amazon, Block, Cisco, Cloudflare, Meta, Microsoft, and Oracle that have laid off large numbers of employees, citing a need to make AI a core part of their business. The tech industry has already cut more than 100,000 jobs this year, per Statista, and is on track to outpace both 2024 and 2025 if the layoff trend continues.

The pattern is by now familiar: Companies are reporting record revenues while simultaneously shrinking their workforces, with AI cited as both the reason for the growth and the justification for the cuts.

Indeed, all of these companies have recently reported strong revenue and profit, pointing to strong demand for AI products, services, or the infrastructure to power them, and GitLab is no exception.

On Tuesday, the company reported first-quarter revenue of $264 million, up 23% from a year earlier, and gross margins of 88%. It expects to incur $30 million to $35 million in restructuring expenses as part of the effort.

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Needham Sees Strong AI Growth Ahead For GitLabNeedham analyst Mike Cikos maintained a Buy rating on GitLab and raised the price forecast from $32 to $38.

Cikos said GitLab only carried part of its quarterly outperformance into its fiscal 2027 outlook due to macro headwinds and potential near-term disruption from its Act 2 restructuring.

He said gross bookings growth accelerated to its highest level in four quarters, GitLab Dedicated topped $70 million in ARR, and Ultimate reached 57% of ARR.

Cikos also said Duo Agent Platform showed strong early adoption, with a paid consumption run rate near $20 million.

GitLab expects $30 million to $35 million in fiscal 2027 restructuring cash expenses, including $19 million in the second quarter, while cutting 14% of staff, or about 350 employees.

BTIG Says Duo Agent Platform Gains MomentumBTIG analyst Nick Altmann maintained a Buy rating on GitLab and raised the price forecast from $30 to $36.

Altmann said GitLab delivered a solid quarter despite several moving parts.

He said revenue grew 23%, about 400 basis points above consensus, while GitLab modestly raised its fiscal 2027 growth outlook to about 16.7% at the midpoint.

Altmann said Duo Agent Platform is gaining momentum, with paid consumption run rate reaching about $20 million.

He said DAP contributed more net new ARR than Duo Pro and Duo Enterprise combined in any prior quarter.

Altmann also said the company's 14% workforce reduction clears part of the path forward, while fiscal 2027 operating margin guidance rose about 40 basis points to 12.4%.

Altmann said GitLab's agentic AI story remains the main swing factor for growth durability and a broader share rerating.

DA Davidson Cites Macro Risks Despite BeatDA Davidson analyst Lucky Schreiner maintained a Neutral rating on GitLab and raised the price forecast from $24 to $35.

Schreiner said GitLab delivered an above-average revenue beat and showed early traction for Duo Agent Platform.

He said fiscal first-quarter revenue beat consensus by about $10 million as growth stabilized at 23%.

The company guided fiscal 2027 revenue to $1.115 billion at the midpoint, implying about 17% growth.

Schreiner said SaaS outperformance and early DAP adoption helped the quarter, but macro pressure, price-sensitive customers representing 20% of ARR, and customer headcount reductions still limit near-term upside.

He said fiscal 2027 adjusted operating income guidance rose by $5 million to $138 million, while second-quarter revenue guidance of $273 million matched consensus and implied 16% year-over-year growth.

Guggenheim Questions Long-Term AI ImpactGuggenheim analyst Howard Ma reiterated a Neutral rating on GitLab after the company delivered stable first-quarter revenue growth and raised its full-year outlook.

Ma said GitLab's first-quarter revenue rose 23% year over year to $264 million, topping consensus, while adjusted operating income reached $38 million, or a 14% margin.

He said Duo Agent Platform showed early promise, with an annualized consumption run rate of $20 million, but added that it remains unclear how material the product can become.

Ma also flagged continued pressure from price-sensitive customers, tech layoffs, M&A-related churn, and weaker net adds among customers with ARR of more than $5,000.

Ma said GitLab could modestly beat guidance, projecting fiscal 2027 revenue of $1.134 billion, up 19%, and an operating margin of about 15% versus the company's 12.4% guidance.

GitLab Price ActionGTLB Price Action: GitLab shares were down 2.14% at $31.14 at the time of publication on Wednesday, according to Benzinga Pro data.

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SAN FRANCISCO--(BUSINESS WIRE)--All Remote - GitLab Inc., the intelligent orchestration platform for DevSecOps, today announced GitLab Transcend, a hybrid event for technology and engineering leaders taking place June 10-11, 2026. GitLab will introduce the latest and upcoming platform updates designed to power agentic engineering at enterprise scale, delivering speed with control across the entire software lifecycle. Event Details WHAT: GitLab Transcend, a virtual event for technology and engin.

GitLab Inc. (GTLB) Presents at Bank of America 2026 Global Technology Conference Transcript

Although its shares have bounced from their lows, GitLab (GTLB 1.94%) stock failed to keep its momentum when the company reported its fiscal first-quarter results after the bell on June 2. The DevSecOps (development, security, and operations) company has been caught in the narrative that it will be an AI loser, despite continuing to deliver strong revenue growth. The stock has lost about a third of its value over the past year.

Let's take a closer look at its results and prospects to determine if the growth stock is a buy, or if it's time for investors to give up on the name.

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Solid growth continues GitLab saw solid growth in fiscal Q1, coming from both new and existing customers. It realized a 30% increase in new logo growth -- i.e., acquiring new customers -- in the quarter, while its dollar-based net retention was 117% over the past 12 months, showing strong growth within its customer base. The company said it was seeing rising demand from non-technical users, while it also recorded nearly $20 million in consumption revenue from its Duo Agentic Platform.

Overall revenue climbed 23% year over year to $264.2 million. That was well above the company's guidance for revenue of $253 million to $255 million. Subscription revenue increased by 23% year over year to $239.3 million, while license revenue jumped by 25% to $24.9 million.

The company continues to focus on enterprise customers, where it is seeing the strongest growth. The number of customers with $100,000 or more in annual recurring revenue (ARR) rose by 18% to 1,519, making up 75% of its ARR. Meanwhile, customers with $5,000 or more in ARR now represent 95% of its business.

Looking ahead, GitLab upped its full-year guidance. It now expects full-year fiscal 2027 revenue of $1.112 billion to $1.118 billion, representing growth of 16% to 17%, and adjusted earnings per share (EPS) in the range of $0.79 to $0.82. That's up from a prior forecast for revenue of $1.099 billion to $1.118 billion and adjusted EPS of $0.76 to $0.80.

For fiscal Q2, it forecast revenue to be between $272 million and $274 million, representing approximately 16% growth at the midpoint. It guided for adjusted EPS of between $0.17 and $0.18.

The company also announced that it is slashing about 14% of its workforce and exiting 22 countries as it flattens its organizational structure. This will not impact sales rep numbers, which it has been increasing. It expects the impact of more quota-carrying sales reps to start to have a positive impact in the second half of the year.

Image source: Getty Images.

Is it time to buy the stock? GitLab continues to produce solid growth, although management maintains a conservative tone as it continues to make organizational changes. The new logo growth was encouraging, and its switch to a hybrid seat-plus consumption pricing model (combining a fixed, recurring per-user fee with variable charges based on product usage) with its Duo Agent Platform (which requires consumption credits) appears to be paying early dividends. Meanwhile, the company is set to get in on the popular trend of offering flexible credits with the introduction of GitLab Flex.

The stock remains unloved, leaving it with an attractive price-to-sales multiple of just 4.1 based on fiscal 2027 (ending January 2027) analyst estimates, despite being a company flush with cash and growing its revenue at a solid clip. I continue to believe the company has a highly valuable platform and is undervalued, and as such I'd be a buyer of the stock at these levels.

SAN FRANCISCO--(BUSINESS WIRE)--All Remote - GitLab Inc., the intelligent orchestration platform for DevSecOps, today announced new capabilities at GitLab Transcend to give engineering teams the infrastructure, context, and controls to run agent-driven software delivery at enterprise scale. As engineering teams scale agent activity, the infrastructure, governance, and commercial models built for human-speed delivery are showing strain. The four capabilities announced today address the bottlenec.

Key Takeaways LPL Financial posted Q1 adjusted earnings of $5.60, beating estimates, as revenues rose 35% to $4.97B.Advisory revenues jumped 55% to $2.62B and drove gross profit up 25% to $1.59B.LPLA client assets reached $2.34T; advisory net new assets were $25.8B, while brokerage was -$4.4B. LPL Financial Holdings Inc.’s (LPLA - Free Report)  first-quarter 2026 adjusted earnings of $5.60 per share topped the Zacks Consensus Estimate of $5.49. Adjusted earnings rose 9% year over year.

Quarterly revenues came in at $4.97 billion, up 35.4% from the year-ago quarter. The top line marginally missed the consensus estimate of $4.98 billion.

The quarter reflected continued scale benefits, highlighted by a rise in revenues and growth in total client assets. An increase in expenses hampered the results to some extent.

LPLA’s Revenue Mix Benefits From Advisory GrowthAdvisory revenues soared 55% year over year to $2.62 billion, remaining the largest contributor to the top line. Commissions also grew, with total commissions rising 14% to $1.19 billion, supported by gains in both sales-based and trailing activity compared with the prior-year period.

Asset-based revenues totaled $820.8 million, up 18% year over year, as client cash revenue climbed 14% to $445.3 million and other asset-based revenues advanced 24% to $375.5 million. Service and fee revenues surged 45% to $211.0 million, while transaction revenues improved 19% to $80.5 million, reflecting higher activity levels and continued expansion in the advisor and account base.

LPL Financial Sees Gross Profit ExpansionLPL Financial’s gross profit rose 25% from a year ago to $1.59 billion, benefiting from the sharp increase in advisory revenues and improved attachment revenue streams. The strength in gross profit was an important driver behind the adjusted earnings beat and helped offset ongoing investment spending across the platform.

LPLA’s production-based payout totaled $3.32 billion, reflecting continued growth in advisor activity and the economics tied to advisory and commission revenues. The payout rate was 87.22%, up from 86.75% in the year-ago quarter, pointing to a modestly higher payout as the business scales, even as gross profit expanded meaningfully.

LPLA’s Costs Rise as Core G&A ClimbsTotal expenses increased 37% year over year to $4.45 billion, illustrating the cost of supporting rapid growth and onboarding-related activity. Advisory and commission expenses climbed 40% to $3.29 billion, consistent with the higher revenue base generated in the quarter.

Beyond production-related costs, several corporate expense categories moved higher. Additionally, core G&A increased 29% to $532.0 million, highlighting continued investment in capabilities and scale initiatives.

LPL Financial Delivers Solid Asset FlowsLPL Financial ended the quarter with $2.34 trillion of total client assets, up 30% from the prior-year period. Advisory assets rose 42% to $1.39 trillion, and represented 59.5% of total client assets. This reinforces the ongoing mix shift toward fee-based advisory. Brokerage assets grew 16% from the prior-year quarter to $945.9 million.

Asset flows were positive, though the composition was mixed. Total organic net new assets were $21.4 billion. Within that, advisory organic net new assets were $25.8 billion, while brokerage organic net new assets were negative $4.4 billion.

Recruited assets were $17.4 billion, down 55% from the year-ago quarter, though recruited assets over the trailing 12 months were $83 billion, indicating a larger pipeline over a longer horizon.

LPLA Updates 2026 Expense Outlook and Capital PlansOn the outlook front, LPLA lowered the upper end of its 2026 Core G&A outlook by $20 million to a range of $2.155-$2.190 billion, including expenses related to the Commonwealth acquisition. This adjustment reflects performance to date and the company’s efforts to balance growth investments with improving operating leverage.

Capital actions also returned to focus. The board declared a 30-cent per share dividend, which will be paid out on June 4, 2026. Also, the company resumed share repurchases in April, with an estimated $125 million of buybacks planned during the second quarter.

On M&A execution, LPLA said the Commonwealth conversion remains on track for the fourth quarter of 2026, while highlighting a newly announced agreement related to Mariner Advisor Network and continued activity in its Liquidity & Succession program, including $62 million deployed across six deals in the quarter.

Our View on LPL FinancialLPL Financial’s recruiting efforts and solid advisor productivity will likely continue aiding advisory revenues. Strategic acquisitions and a strong balance sheet will support financials. However, rising expenses and uncertainty in capital markets are likely to adversely impact commission revenues.
 

Performances of LPLA’s PeersInteractive Brokers Group’s (IBKR - Free Report) first-quarter 2026 adjusted earnings per share of 60 cents missed the Zacks Consensus Estimate of 62 cents. However, the bottom line reflected a rise of 27.7% from the prior-year quarter.

IBKR’s results were primarily hurt by a rise in expenses. However, an increase in revenues, growth in customer accounts and a rise in daily average revenue trades (DARTs) acted as tailwinds.

 Charles Schwab’s (SCHW - Free Report) first-quarter 2026 adjusted earnings of $1.43 per share outpaced the Zacks Consensus Estimate of $1.38. The bottom line soared 38% year over year.

Quarterly results benefited from the robust performance of the asset management business and an increase in trading revenues. Higher net interest revenues (NIR) and solid brokerage account numbers were other positives. However, an increase in expenses was the undermining factor for SCHW.

May 07, 2026 08:55 ET  | Source: LPL Financial Holdings, Inc.

SAN DIEGO, May 07, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Conley Thornhill, CFP®, CIMA®, Doug Rathbun and Nikki Rathbun have joined Linsco by LPL Financial to launch Paxara Wealth Partners. The team reported serving approximately $330 million in advisory, brokerage and retirement plan assets* and joins LPL from UBS.

Based outside of Tampa in Winter Haven, Fla., Paxara Wealth Partners serves a national client base that includes business owners, physicians, executives and retirees, many of whom are navigating complex financial lives. With more than a century of combined industry experience, the firm takes a personalized, team-based approach designed to bring insight and reassurance to every stage of a client’s financial journey, from managing successful businesses to planning for retirement and building multigenerational wealth.

Thornhill, Paxara’s founder and lead advisor, has been recognized as a Forbes Best-In-State Wealth Advisor for five consecutive years (2020–2025), reflecting his longstanding commitment to client-focused advice and disciplined financial planning.**

“We’ve always taken a deeply personal approach, treating every client like family to ensure a high level of care,” said Thornhill. “Many of our relationships span decades, and today we’re proud to work with second- and third-generation clients who continue to trust us with their financial lives.”

In addition to comprehensive wealth planning, the team is especially focused on guiding clients through major life transitions.

“On a personal level, I’m especially passionate about supporting women through pivotal moments like divorce or widowhood,” said Nikki Rathbun, vice president and financial advisor. “During those times, it’s not just about financial guidance – it’s about listening, simplifying the process and providing reassurance when clients need it most.”

The firm’s name reflects its planning philosophy – “Pax” is the Latin word for peace while “ara” represents a strong foundation.

“Clients value our strategic, individualized approach that’s grounded in disciplined planning and decades of experience,” said Doug Rathbun, vice president and financial advisor. “Ultimately, our role is to bring clarity and confidence to important decisions, helping families protect what they’ve built and plan thoughtfully for what comes next.”

Why Paxara Wealth Partners Chose LPL

After an extensive due diligence process, the Paxara team, which also includes Joseph Kolad, CIMA®, CLU®, Kelly Castle and Ashley Aycock, selected LPL for its advanced technology, advisor independence and breadth of resources that allow them to operate without proprietary product constraints.

“Our move to LPL was driven by a desire for better technology, greater independence and the freedom to serve our clients fully and objectively,” said Doug Rathbun. “LPL allows us to elevate the client experience, collaborate more effectively and advocate for clients across areas like lending – without being limited to a single provider.”

LPL Chief Growth Officer Marc Cohen said, “We are proud to welcome Paxara Wealth Partners to LPL. Their commitment to personalized, relationship-driven advice aligns with LPL’s purpose to empower advisors with the technology, flexibility and support they need to deliver meaningful outcomes for their clients.”

Related

Advisors, learn how LPL Financial can help take your business to the next level.

About LPL Financial

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

*Value approximated based on asset and holding details provided to LPL from end of year, 2025.

  ** Forbes Best-in-State Wealth Advisors ranking was developed by SHOOK Research and is based on in-person, virtual and telephone due diligence meetings and a ranking algorithm that includes: a measure of each team’s best practices, client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. SHOOK’s research and rankings provide opinions intended to help investors choose the right financial advisor and team, and are not indicative of future performance or representative of any one client’s experience. Past performance is not an indication of future results. Neither Forbes nor SHOOK Research receive compensation in exchange for placement on the rankings, but awardees have the option to purchase rights to use the award logo or additional marketing packages to promote their award. For more information, please see www.SHOOKresearch.com. SHOOK is a registered trademark of SHOOK Research, LLC.

Media Contact: 
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Tracking # 1102623

May 14, 2026 08:55 ET  | Source: LPL Financial Holdings, Inc.

SAN DIEGO, May 14, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the financial advisors of Fifteen:22 Financial Partners have joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. The team reported serving approximately $380 million in advisory, brokerage and retirement plan assets* and joins LPL from Nations Financial Group.

Based in Kansas, Fifteen:22 Financial Partners is comprised of managing partners Douglas Bennett, Nicholas Bennett, Van Schaffer, Malcolm Ong, Brent Hoffman and Douglas Stephens, bringing together more than 120 years of combined industry experience. Founded more than 35 years ago, the firm was built on a legacy of deep client relationships and has grown through multigenerational referrals and a commitment to personalized, long-term financial guidance.

Fifteen:22 serves individuals and families across the country, with a client base that spans retirees, working professionals and younger investors beginning their financial journeys. The team takes a relationship-driven approach rooted in understanding each client’s goals, values and life experiences, with an emphasis on continuity of care across generations.

“We take the time to truly understand what matters most to our clients — their goals, concerns and values — so we can design strategies that support them throughout every stage of life,” said Stephens, “Our focus has always been on building lasting relationships that extend beyond one generation, and that commitment continues as our firm grows.”

The firm operates a collaborative, team-based model, combining shared investment oversight with individualized advisor relationships. Advisors regularly meet as an investment committee to align on strategy while maintaining a highly personalized client experience. In addition, Fifteen:22 offers values-based investing solutions for clients whose financial objectives extend beyond traditional return measures.

“We are not solely focused on gathering assets — we are focused on fostering trust and strong relationships through education, service and thoughtful advice,” said Hoffman. “Whether we are working with retirees, their children or even their grandchildren just beginning to invest, our goal is to be a long-term partner in their financial lives.”

Why Fifteen:22 Financial Partners Chose LPL

The Fifteen:22 team selected LPL Financial for its advanced technology, modern client-facing tools and depth of operational support. The team is supported by Jennifer Greer and Rachel Price.

“LPL’s commitment to innovation and its continued investment in technology stood out to us,” said Douglas Bennett. “The platform provides sophisticated resources for both advisors and clients, which is increasingly important as expectations evolve across generations. Joining LPL positions our firm to better serve our clients today while preparing us for the future.”

Marc Cohen, chief growth officer at LPL Financial, said, “We are pleased to welcome Fifteen:22 Financial Partners to LPL. Their longstanding commitment to relationships, team-based culture and focus on serving clients across generations align well with LPL’s purpose to empower advisors with the independence, technology and support they need to grow thriving practices and deliver exceptional client experiences.”

Related

Advisors, learn how LPL Financial can help take your business to the next level.

About LPL Financial

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. Fifteen:22 Financial Partners and LPL Financial are separate entities.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

*Value approximated based on asset and holding details provided to LPL from end of year, 2025.

Media Contact: 
[email protected] 

Tracking # 1107660

SAN DIEGO, May 19, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC  announced today that the financial advisors of Davis Executive Wealth have joined LPL Financial's supported independence model, LPL Strategic Wealth. The team reported serving approximately $635 million in advisory assets* and joins LPL from Steward Partners.

SAN DIEGO, May 21, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the financial advisors of Emerald Wealth Management have joined LPL Financial's broker-dealer and Registered Investment Advisor (RIA) platform. The team reports serving approximately $815 million in advisory, brokerage, insurance and retirement plan assets* and joins LPL from Northwestern Mutual.

May 21, 2026 16:05 ET  | Source: LPL Financial Holdings, Inc.

SAN DIEGO, May 21, 2026 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”) today released its monthly activity report for April 2026.

Total client assets at the end of April were $2.48 trillion, an increase of $141.4 billion, or 6.1%, compared to the end of March. Advisory assets as a percentage of total assets increased to 59.8%, up from 54.7% a year ago.

Total organic net new assets (“NNA”) for April were $3.1 billion, translating to a 1.6% annualized growth rate.

Total client cash balances at the end of April were $55.5 billion, a decrease of $3.6 billion compared to the end of March. Net buying in April was $12.9 billion.

(End of period $ in billions, unless noted)
April March Change April Change 2026 2026 M/M 2025 Y/Y Client Assets     Advisory1,482.7 1,390.4 6.6%978.6 51.5%Brokerage995.0 945.9 5.2%809.4 22.9%Total Client Assets2,477.7 2,336.3 6.1%1,787.9 38.6%      Organic NNA     Advisory6.0 9.7 n/m 6.9 n/m Brokerage(3.0)(1.6)n/m (0.8)n/m Total Organic NNA3.1 8.1 n/m 6.1 n/m       Acquired NNA     Advisory0.0 0.0 n/m 0.0 n/m Brokerage0.0 0.0 n/m 0.0 n/m Total Acquired NNA0.0 0.0 n/m 0.0 n/m       Total NNA     Advisory6.0 9.7 n/m 6.9 n/m Brokerage(3.0)(1.6)n/m (0.8)n/m Total NNA3.1 8.1 n/m 6.1 n/m       Net brokerage to advisory conversions2.2 2.2 n/m 1.7 n/m       Client Cash Balances     Insured cash account sweep37.6 39.8 (5.5%)35.2 6.8%Deposit cash account sweep14.7 15.9 (7.5%)10.7 37.4%Total Bank Sweep52.3 55.7 (6.1%)45.9 13.9%Money market sweep1.3 1.5 (13.3%)4.2 (69.0%)Total Client Cash Sweep Held by Third Parties53.6 57.2 (6.3%)50.2 6.8%Client cash account1.9 2.0 (5.0%)1.6 18.8%Total Client Cash Balances55.5 59.1 (6.1%)51.8 7.1%      Net buy (sell) activity12.9 12.7 n/m 10.4 n/m             Market Drivers     S&P 500 Index (end of period)7,209 6,529 10.4%5,569 29.4%Russell 2000 Index (end of period)2,800 2,496 12.2%1,964 42.6%Fed Funds daily effective rate (average bps)364 364 —%433 (15.9%)       For additional information regarding these and other Company business metrics, please refer to the Company’s most recent earnings announcement, which is available in the quarterly results section of investor.lpl.com.

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About LPL Financial

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

Securities and advisory services offered through LPL Financial LLC (“LPL Financial”) and LPL Enterprise, LLC (“LPL Enterprise”), both registered investment advisers and broker-dealers. Members FINRA/SIPC.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial or LPL Enterprise.

We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

May 27, 2026 08:55 ET  | Source: LPL Financial Holdings, Inc.

SAN DIEGO, May 27, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Michael Stevenson, David Johnson and Nikko Gronhovd, CFP® of Soundview Wealth Management, LLC, have joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. They reported serving approximately $600 million in advisory, brokerage and retirement plan assets* and join LPL from D.A. Davidson.

The team serves a diverse client base that spans multiple generations, working with individuals and families at all stages of their financial lives. From helping families navigate wealth transitions to guiding younger clients as they begin investing, the team is committed to building long-term relationships grounded in trust and personalized service.

“We are different because of our relationships with clients and how our team works together,” said Johnson. “On the client side, we’ve been fortunate to be part of a practice where many relationships span generations, allowing us to work with families across all stages of life. On our side, it’s a true team approach. We challenge each other, talk things through and make decisions together with the client in mind.”

Soundview Wealth Management takes a comprehensive, planning-focused approach to advice. The advisors emphasize understanding each client’s unique goals and circumstances while helping them filter through market noise and stay focused on long-term priorities.

“Our role goes beyond selecting investments,” said Gronhovd. “We’re here to listen, serve as a sounding board and help clients make thoughtful, informed decisions. By focusing on what matters most for each client, we can provide clarity and confidence throughout their financial journey.”

Why Soundview Wealth Management, LLC Chose LPL

The Soundview team chose LPL after exploring opportunities to enhance their technology and operational flexibility. They were drawn to LPL’s integrated platform, transparent approach and ability to support their client-first philosophy.

“When the opportunity to explore LPL came up, it felt worth a closer look,” said Stevenson. “From the start, LPL’s approach was straightforward. They walked us through their technology, the flexibility of the platform and how it supports the way we want to work with clients. Just as important, they outlined a transition plan that felt clear and manageable for the people we serve.”

Marc Cohen, chief growth officer at LPL, said, “We are pleased to welcome the Soundview Wealth Management team to LPL. Their collaborative approach and commitment to serving clients across generations align with LPL’s purpose to empower advisors with the flexibility, technology and support they need to deliver personalized advice and grow their practices.”

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Advisors, learn how LPL Financial can help take your business to the next level.

About LPL Financial

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit http://www.lpl.com/.

Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. Soundview Wealth Management, LLC and LPL Financial are separate entities.

Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

We routinely disclose information that may be important to shareholders in the "Investor Relations" or "Press Releases" section of our website.

*Value approximated based on asset and holding details provided to LPL from end of year, 2025.

Media Contact: 
[email protected] 

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SAN DIEGO, May 28, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Steve Schott, MBA, has joined LPL Financial's broker-dealer and Registered Investment Advisor (RIA) platform. Schott reported serving approximately $240 million in advisory, brokerage and retirement plan assets* and joins LPL from Cambridge Investment.

SAN DIEGO, June 04, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Scott Gilliam, CFP® and Travis Blessing, AIF®, have launched a new independent practice, Align Private Wealth, through affiliation with LPL Financial's broker-dealer and Registered Investment Advisor (RIA) platform. The team reported serving approximately $2 billion in advisory plan assets* and joins LPL from PNC Private Bank.

SAN DIEGO, June 09, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that Darren Colananni, CFP®, ChFC®, CIMA®, CPWA®, has joined LPL Financial's broker-dealer and Registered Investment Advisor (RIA) platform, launching Allegia Wealth Management. Colananni reported serving approximately $230 million in advisory, brokerage and retirement plan assets* and joins LPL from Centurion Wealth Management.

Allspring Global Investments Holdings LLC increased its position in Revvity Inc. (NYSE: RVTY) by 127.0% in the undefined quarter, according to the company in its most recent filing with the SEC. The fund owned 1,751,612 shares of the company's stock after acquiring an additional 980,142 shares during the quarter. Allspring Global Investments Holdings

WALTHAM, Mass.--(BUSINESS WIRE)--Revvity, Inc. (NYSE: RVTY) announced that its Revvity Signals Software business is launching Signals BioDesignTM, a cloud-native molecular cloning solution that streamlines biologics research workflows. Built for biotech and pharma R&D teams, the platform simplifies complex cloning processes and enables scalable, collaborative development in a unified digital environment. It addresses the limitations of desktop tools and overly complex platforms by combining.

Revvity launches Signals BioDesign, a cloud-based cloning platform to streamline biotech R&D workflows and boost collaboration in biologics development.

Posted by Defense World Staff on Apr 19th, 2026

Sumitomo Mitsui Trust Group Inc. trimmed its position in Revvity Inc. (NYSE:RVTY – Free Report) by 86.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,730 shares of the company’s stock after selling 235,296 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Revvity were worth $3,457,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RVTY. CYBER HORNET ETFs LLC acquired a new stake in Revvity in the second quarter worth about $32,000. Cromwell Holdings LLC increased its position in Revvity by 141.4% in the fourth quarter. Cromwell Holdings LLC now owns 338 shares of the company’s stock worth $33,000 after purchasing an additional 198 shares during the period. MUFG Securities EMEA plc acquired a new stake in Revvity in the second quarter worth about $34,000. Headlands Technologies LLC acquired a new stake in Revvity in the second quarter worth about $49,000. Finally, Smartleaf Asset Management LLC increased its position in Revvity by 56.8% in the third quarter. Smartleaf Asset Management LLC now owns 690 shares of the company’s stock worth $58,000 after purchasing an additional 250 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Revvity Price Performance Shares of RVTY opened at $94.00 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.36. Revvity Inc. has a 1 year low of $81.36 and a 1 year high of $118.30. The stock has a market cap of $10.51 billion, a P/E ratio of 45.19, a price-to-earnings-growth ratio of 1.90 and a beta of 1.13. The stock’s 50-day moving average price is $92.22 and its two-hundred day moving average price is $96.98.

Revvity (NYSE:RVTY – Get Free Report) last issued its earnings results on Monday, February 2nd. The company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.15. Revvity had a return on equity of 7.92% and a net margin of 8.45%.The firm had revenue of $772.06 million for the quarter, compared to analysts’ expectations of $759.81 million. During the same quarter last year, the business earned $1.42 earnings per share. The company’s revenue was up 5.9% compared to the same quarter last year. Revvity has set its FY 2026 guidance at 5.350-5.450 EPS. On average, equities analysts predict that Revvity Inc. will post 4.94 earnings per share for the current year.

Revvity Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 17th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, April 17th. Revvity’s payout ratio is 13.46%.

Wall Street Analyst Weigh In A number of equities analysts have issued reports on RVTY shares. TD Cowen restated a “hold” rating on shares of Revvity in a report on Tuesday, February 3rd. Evercore raised their target price on Revvity from $112.00 to $118.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Jefferies Financial Group raised their target price on Revvity from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Wall Street Zen cut Revvity from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Barclays restated an “equal weight” rating and set a $95.00 target price (down from $118.00) on shares of Revvity in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $110.17.

Check Out Our Latest Research Report on Revvity

Revvity Company Profile (Free Report)

Revvity, Inc is a global provider of technology-enabled solutions for the life sciences, diagnostics and applied markets. The company develops and supplies a range of products and services, including reagents and consumables, laboratory instruments, workflow automation, software analytics and technical support. Its portfolio supports applications in drug discovery, genomics, cell biology research, environmental and food safety testing, industrial quality control and clinical diagnostics.

Tracing its heritage to Perkin-Elmer, founded in 1937, Revvity began trading on the New York Stock Exchange under the ticker symbol RVTY in January 2024 following a corporate rebranding.

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RVTY heads into Q1 earnings with Diagnostics strength and Life Sciences stabilization, but China pressures and weak academic demand may temper near-term growth.

Revvity (RVTY - Free Report) came out with quarterly earnings of $1.06 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $1.01 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +4.10%. A quarter ago, it was expected that this maker of scientific instruments would post earnings of $1.63 per share when it actually produced earnings of $1.7, delivering a surprise of +4.29%.

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

Revvity, which belongs to the Zacks Medical Services industry, posted revenues of $711.12 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.85%. This compares to year-ago revenues of $664.76 million. The company has topped consensus revenue estimates three times over the last four quarters.

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

Revvity shares have lost about 10.6% since the beginning of the year versus the S&P 500's gain of 5.2%.

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

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

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

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

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.28 on $742.53 million in revenues for the coming quarter and $5.39 on $2.98 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Medical Services is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Ascend Wellness Holdings, Inc. (AAWH - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 13.

This company is expected to post quarterly loss of $0.13 per share in its upcoming report, which represents a year-over-year change of -44.4%. The consensus EPS estimate for the quarter has been revised 3.9% higher over the last 30 days to the current level.

Ascend Wellness Holdings, Inc.'s revenues are expected to be $114.2 million, down 10.8% from the year-ago quarter.