Clover Health Investments, Corp. zveřejnila výsledky za 2. čtvrtletí 2026. V přepisu hovoru ale nejsou uvedena žádná konkrétní čísla ani klíčové provozní údaje.
Clover Health Investments, Corp. (CLOV) Q2 2026 Earnings Call August 5, 2026 5:00 PM EDT
Company Participants
Ryan Schmidt - Investor Relations Analyst
Andrew Toy - Co-Founder, CEO & Director
Clay Thornton - Interim Chief Financial Officer
Conference Call Participants
Richard Close - Canaccord Genuity Corp., Research Division
Jonathan Yong - UBS Investment Bank, Research Division
Dean Rosales - Leerink Partners LLC, Research Division
Presentation
Operator
Hello, and welcome to Clover Health's Second Quarter 2026 Earnings Call. [Operator Instructions] Also as a reminder, this conference is being recorded today. If you have any objections, please disconnect at this time. Ryan, you may begin.
Ryan Schmidt
Investor Relations Analyst
Good afternoon, everyone. Joining me on our call today to discuss the company's second quarter 2026 results are Andrew Toy, Clover Health's Chief Executive Officer; and Clay Thornton, the company's Interim Chief Financial Officer.
You can find today's press release and the accompanying supplemental slides as well as the company's most recent investor deck in the Investor Events and Presentations section of our website at investors.cloverhealth.com. This webcast is being recorded, and a replay will be available in the Investor Relations section of the Clover Health website.
I'd also like to caution you that we may make forward-looking statements during today's call that are subject to risks and uncertainties, including expectations about future performance. Factors that may cause actual results to differ materially from expectations are detailed in our SEC filings, including in the Risk Factors section of our most recent annual report on Form 10-K and other SEC filings. Information about non-GAAP financial measures referenced, including a reconciliation of those measures to GAAP measures, can be found in the earnings materials available on our website.
Qiagen ve 2. čtvrtletí zvýšil tržby na 535,04 mil. USD, nad odhady, a EPS činil 0,62 USD. Klíčové bylo i silné překonání u Sample Technologies: 182 mil. USD, +9,6 % meziročně.
For the quarter ended June 2026, Qiagen (QGEN - Free Report) reported revenue of $535.04 million, up 0.3% over the same period last year. EPS came in at $0.62, compared to $0.63 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $527.94 million, representing a surprise of +1.35%. The company delivered an EPS surprise of +3.33%, with the consensus EPS estimate being $0.60.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Qiagen performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales by Product Groups- Diagnostic solutions- QIAstat-Dx: $32 million versus the four-analyst average estimate of $36.58 million. The reported number represents a year-over-year change of -5.9%.Sales by Product Groups- Diagnostic solutions- QuantiFERON: $131 million versus $127.81 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1.6% change.Sales by Product Groups- Diagnostic solutions- Other: $40 million versus the three-analyst average estimate of $29.5 million. The reported number represents a year-over-year change of 0%.Sales by Product Groups- Other: $15 million versus $14.17 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -31.8% change.Sales by Product Groups- PCR / Nucleic acid amplification: $74 million versus $69.7 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -7.5% change.Sales by Product Groups- Genomics / NGS: $61 million versus $59.47 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.4% change.Sales by Product Groups- Diagnostic solutions: $204 million versus the three-analyst average estimate of $202.46 million. The reported number represents a year-over-year change of -1%.Sales by Product Groups- Sample technologies: $182 million compared to the $181.19 million average estimate based on three analysts. The reported number represents a change of +9.6% year over year.View all Key Company Metrics for Qiagen here>>>
Shares of Qiagen have returned +9.3% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
RITM-C má výnos kolem 9,16 %, ale je podle autora příliš drahá vůči RITM-A a RITM-B. Obchoduje se zhruba na 101,3 % cílové nákupní ceny, proto zůstává jen na držení.
During the last few months, we've written articles on three of Rithm Capital's (RITM) preferred shares on Seeking Alpha. We discussed:
RITM-D (RITM.PR.D) as one of our favorite fixed-to-reset preferred shares.
RITM-B (RITM.PR.B) when it dipped into our buy range with an attractive stripped yield.
RITM-A (RITM.PR.A) because of its high floating spread and stripped yield.
That Raises a Question Why aren’t we talking about RITM-C (RITM.PR.C)?
The answer isn't that RITM-C is a terrible preferred share. It simply has the habit of competing against three other preferred shares that usually offer investors a better deal. Those other three preferred shares all come from the same company.
Today, RITM-C is a good example of why relative valuation plays a major role in the preferred share space.
Current Valuation The REIT Forum
Our current rating on RITM-C is a hold.
We don't have any major concerns when it comes to Rithm Capital's preferred shares. I think they're a reasonable investment for many investors, if the price is right. If you’re not looking for securities that offer a big dividend yield, they're probably not a great fit for you. If you're looking for that kind of income, then I think any of these shares could work if the valuation is right. Consequently, we’re going to focus more on relative values than on evaluating the share by itself. If you’re looking for analysis of the underlying company, Seeking Alpha has many articles on RITM. Scott Kennedy also provides his research on RITM on The REIT Forum. The question is which Rithm preferred share has the best value. That's an important distinction.
Too many investors become attached to a specific ticker or a specific yield threshold. We are attached to which preferred share offers the best relative value. The ticker doesn't care if you like it. In the interest of transparency, I recently posted my latest 100 trades in preferred shares and baby bonds. I have placed a few more trades since then, but it gives you a clean look at our record with the securities.
As of writing this article, RITM-C trades at roughly 101.3% of our buy target, making it the most expensive preferred share from RITM in our view. That isn't enough by itself to make RITM-C a poor choice. However, once you consider the other three preferred shares, RITM-C is a tiny bit behind.
Same Company, Different Yields The REIT Forum
One of the nice things about covering preferred shares from the same company is that you don’t need to compare the issuers to each other. Credit quality is the same. Capital structure is the same. The management team is the same. With all those being the same, investors can focus more on pricing and the structure of the preferred share.
As of writing this article, RITM-C has:
A stripped yield of about 9.16%
A floating yield on price of about 9.27%
Are those good yields? Yes.
However, there starts to be a valuation problem when RITM-B currently offers a stripped yield around 9.65% and RITM-A has a stripped yield around 9.8%. For RITM-A, the negative yield to call becomes a problem, but it’s still close to our buy range.
That's roughly 50 basis points of additional income for the same underlying credit risk. RITM-A has a higher stripped yield at around 9.8%, but the negative yield to call is a problem. However, it’s still close to our buy range (closer than RITM-C).
Income investors frequently focus too much on whether or not the yield is “high.” We think it's more useful to ask what risks come with the yield and what other preferred shares offer with a similar risk level. That's where RITM-C has generally come up short.
Why Relative Valuation Matters One of the biggest advantages individual investors have is the ability to look at valuation. Institutional investors often have certain rules they follow based on their index and liquidity requirements. We don't. If two preferred shares are issued by the same company and one offers materially more yield while trading at a more attractive valuation, then we can jump on the opportunity.
We've spent a lot of time discussing relative value over the years. Sometimes the best investment decision isn’t finding a great company. Sometimes it's simply buying the best preferred share issued by the same company.
Those little differences compound over time.
How We View The Other Preferred Shares Readers who want to read about the other Rithm's preferred shares can look at our previous articles.
We recently covered RITM-B, which remains one of the more attractive floating-rate preferred shares in the mortgage REIT sector despite being in our hold range.
For investors interested in the fixed-to-reset feature, RITM-D remains a decent choice because of its upcoming reset and high yield if shares remain outstanding after call protection ends.
Several months ago we discussed RITM-A, which has one of the stronger floating spreads among the mortgage REIT preferred shares we cover.
In those three articles, we discussed why the three preferred shares stood out. Today's article is different.
RITM-C doesn't stand out. That's precisely why we're discussing it.
Sometimes investors learn just as much from understanding why we don’t particularly like a preferred share as from reading about one of our favorites. We believe the additional yield on RITM-A and RITM-B is significant enough to offset the moderate call risk for those shares. However, if prices were to swing a little bit, the relative valuation proposition would change.
Is RITM-C Doomed? Absolutely. Not. We don't dislike RITM-C because it’s a bad preferred share. If the share price declined enough, our opinion would change. And that’s the great thing about investing in preferred shares. Unlike looking at the common stocks, we usually aren't debating which preferred share has the best management team (though we do evaluate the risk of each individual company). Instead, we're comparing very similar investments.
The market will give investors opportunities. Sometimes that happens because one preferred share is materially more attractive than another. If that happens with RITM-C, we would happily swap into RITM-C. Currently, we have an allocation to RITM-D.
Final Thoughts RITM-C is a good preferred share. It just isn’t at a price we’d buy today. At current prices:
RITM-A: Closest to our buy range. While the annualized yield to call is negative, the actual dollar impact (based on prices recorded in our screenshot) would only be a few pennies.
RITM-B: Also close to our buy range while offering a materially higher stripped yield and floating yield than RITM-C.
RITM-C: A good preferred share, but currently the furthest above our buy target and therefore our least attractive choice today.
RITM-D: Also closer to our buy range than RITM-C and remains attractive because of its upcoming reset.
That leaves RITM-C in an awkward situation. There's nothing fundamentally wrong with the preferred share. It's simply too expensive relative to the other preferreds issued by RITM.
In my experience, that's more likely to happen when a few criteria are met:
Many preferred shares are trading relatively close to call value.
The share being evaluated has a lower coupon rate than other shares from the same company.
The shares are all floating. This last one is less precise, but lately it’s been included each time.
So in this case, we see RITM-C has the thinner spread over short-term rates. The price is modestly lower than RITM-A and RITM-B, but the difference in the share price was too small to accept the smaller yield. In the event the market were to become more concerned about credit quality (such as a recession), we would expect that many preferred shares would trade moderately lower. In that scenario, the shares with thinner spreads typically decline further. Consequently, we would expect RITM-A and RITM-B to be slightly less exposed to a decline in valuations than RITM-C if recessionary concerns came up.
Texas Pacific (TPL - Free Report) came out with quarterly earnings of $2.23 per share, beating the Zacks Consensus Estimate of $2.14 per share. This compares to earnings of $1.68 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +4.21%. A quarter ago, it was expected that this landowner would post earnings of $2.03 per share when it actually produced earnings of $2.07, delivering a surprise of +1.97%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Texas Pacific, which belongs to the Zacks Alternative Energy - Other industry, posted revenues of $246.06 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.26%. This compares to year-ago revenues of $187.54 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Texas Pacific shares have added about 37.7% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Texas Pacific?While Texas Pacific has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Texas Pacific 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 $2.35 on $264 million in revenues for the coming quarter and $8.88 on $1.01 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, Alternative Energy - Other is currently in the bottom 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.
Another stock from the same industry, Gevo, Inc. (GEVO - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This company is expected to post quarterly loss of $0.02 per share in its upcoming report, which represents a year-over-year change of -300%. The consensus EPS estimate for the quarter has been revised 114.3% higher over the last 30 days to the current level.
Gevo, Inc.'s revenues are expected to be $45.49 million, up 4.8% from the year-ago quarter.
For the quarter ended June 2026, Permian Resources (PR - Free Report) reported revenue of $1.86 billion, up 55.2% over the same period last year. EPS came in at $0.69, compared to $0.27 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.64 billion, representing a surprise of +13.25%. The company delivered an EPS surprise of +23.21%, with the consensus EPS estimate being $0.56.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Permian Resources performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average daily net production - Natural gas: 552,885.00 Mcf/D compared to the 622,135.50 Mcf/D average estimate based on seven analysts.Average daily net production - Total: 376,409.00 BOE/D compared to the 395,272.10 BOE/D average estimate based on seven analysts.Average daily net production - Oil: 198,071.00 BBL/D compared to the 194,823.20 BBL/D average estimate based on seven analysts.Average daily net production - NGL: 86,191.00 BBL/D versus 97,083.45 BBL/D estimated by six analysts on average.Average sales prices - Gas - Including Derivative Cash Settlements: $0.38 versus the five-analyst average estimate of $-0.06.Average sales prices - Oil - Including Derivative Cash Settlements: $85.37 versus $81.80 estimated by four analysts on average.Average sales prices - NGL - Excluding the effects of GP&T: $23.28 compared to the $22.16 average estimate based on four analysts.Average sales prices - Natural gas - Excluding the effects of GP&T: $-2.40 versus $-2.41 estimated by three analysts on average.Average sales prices - Oil - Excluding the effects of hedging: $97.81 versus the three-analyst average estimate of $93.90.Net Revenues- Oil sales: $1.76 billion versus the four-analyst average estimate of $1.51 billion. The reported number represents a year-over-year change of +75%.Net Revenues- NGL sales: $182.57 million versus the four-analyst average estimate of $196.92 million. The reported number represents a year-over-year change of +15.5%.Net Revenues- Natural gas sales: $-120.7 million versus the four-analyst average estimate of $-63.26 million. The reported number represents a year-over-year change of -500.1%.View all Key Company Metrics for Permian Resources here>>>
Shares of Permian Resources have returned +7.4% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Motorola Solutions zvýšila celoroční výhled tržeb na zhruba 12,98 miliardy USD, nad odhady Wall Street, díky silné poptávce po komunikačním vybavení pro veřejnou bezpečnost. Zvedla také celoroční výhled upraveného zisku na akcii na 17,62 až 17,72 USD.
Motorloa SL1600 two way radio walkie-talkies. REUTERS/Kevin Coombs Purchase Licensing Rights, opens new tab
Aug 5 (Reuters) - Motorola Solutions (MSI.N), opens new tab raised its full-year revenue outlook above Wall Street estimates, betting on strong demand for public safety communications equipment and software.
The company, which makes radio communication equipment, 911 emergency call handling software, and body cameras widely used by law enforcement agencies, has benefited from strong demand from U.S. public safety agencies, with the D-Fend acquisition extending its capabilities into counter-drone technology.
Learn about the latest breakthroughs in AI and tech with the Reuters Artificial Intelligencer newsletter. Sign up here.
Here are some details:
Motorola forecast annual revenue of about $12.98 billion versus its guidance of $12.8 billion earlier. Analysts estimate revenue of $12.8 billion, according to LSEG data.
It expects third-quarter revenue growth of about 8% with adjusted earnings per share of $4.39 to $4.44, compared with analysts' estimate of $4.41 per share.
Revenue for the second quarter ended July 4 came in at $3.13 billion, topping market expectations of $3 billion.
The quarter benefited from $60 million, or $0.25 per share, in tariff refunds.
The company ended the second quarter with a record backlog of $15.6 billion.
It also updated its annual adjusted earnings guidance to $17.62 to $17.72 per share from $16.87 to $16.99 per share previously, above analysts' average estimate of $16.98 per share.
Reporting by Nithyashree R B in Bengaluru; Editing by Diti Pujara
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Motorola (MSI - Free Report) came out with quarterly earnings of $4.41 per share, beating the Zacks Consensus Estimate of $3.86 per share. This compares to earnings of $3.57 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +14.25%. A quarter ago, it was expected that this communications equipment maker would post earnings of $3.25 per share when it actually produced earnings of $3.37, delivering a surprise of +3.69%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Motorola, which belongs to the Zacks Wireless Equipment industry, posted revenues of $3.13 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.36%. This compares to year-ago revenues of $2.77 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Motorola shares have added about 15.5% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Motorola?While Motorola has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Motorola was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.43 on $3.32 billion in revenues for the coming quarter and $16.98 on $12.81 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, Wireless Equipment is currently in the top 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Unusual Machines, Inc. (UMAC - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This company is expected to post quarterly loss of $0.10 per share in its upcoming report, which represents a year-over-year change of +68.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Unusual Machines, Inc.'s revenues are expected to be $9.58 million, up 351.9% from the year-ago quarter.
For the quarter ended June 2026, McKesson (MCK - Free Report) reported revenue of $105.38 billion, up 7.7% over the same period last year. EPS came in at $9.93, compared to $8.26 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $104.39 billion, representing a surprise of +0.95%. The company delivered an EPS surprise of +5.19%, with the consensus EPS estimate being $9.44.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how McKesson performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- North American Pharmaceutical: $86.77 billion versus the two-analyst average estimate of $86.53 billion. The reported number represents a year-over-year change of -3.5%.Revenue- Prescription Technology Solutions: $1.57 billion versus $1.5 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +9.2% change.Revenue- Oncology & Multispecialty: $14.22 billion versus the two-analyst average estimate of $12.71 billion.Revenue- Medical-Surgical Solutions: $2.82 billion versus $2.79 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.4% change.Adjusted Operating Profit- North American Pharmaceutical: $894 million compared to the $806.45 million average estimate based on two analysts.Adjusted Operating Profit- Medical-Surgical Solutions: $195 million versus $241.06 million estimated by two analysts on average.Adjusted Operating Profit- Corporate: $-144 million compared to the $-142.83 million average estimate based on two analysts.Adjusted Operating Profit- Oncology & Multispecialty: $405 million versus $367.82 million estimated by two analysts on average.Adjusted Operating Profit- Prescription Technology Solutions: $303 million compared to the $302.62 million average estimate based on two analysts.View all Key Company Metrics for McKesson here>>>
Shares of McKesson have returned +2.9% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Expedia (EXPE - Free Report) came out with quarterly earnings of $5.76 per share, beating the Zacks Consensus Estimate of $5.45 per share. This compares to earnings of $4.24 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +5.69%. A quarter ago, it was expected that this online travel company would post earnings of $1.41 per share when it actually produced earnings of $1.96, delivering a surprise of +39.01%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Expedia, which belongs to the Zacks Leisure and Recreation Services industry, posted revenues of $4.32 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.13%. This compares to year-ago revenues of $3.79 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Expedia shares have added about 10.2% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Expedia?While Expedia 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 Expedia 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 $8.42 on $4.69 billion in revenues for the coming quarter and $19.90 on $16.03 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Leisure and Recreation Services is currently in the top 43% 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.
Trip.com (TCOM - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026.
This travel services company is expected to post quarterly earnings of $0.98 per share in its upcoming report, which represents a year-over-year change of -3%. The consensus EPS estimate for the quarter has been revised 8.1% lower over the last 30 days to the current level.
Trip.com's revenues are expected to be $2.29 billion, up 10.5% from the year-ago quarter.
Novanta ve 2. čtvrtletí vykázala zisk 0,89 USD na akcii a tržby 265,81 mil. USD, obojí nad odhady. Zisk byl také vyšší než před rokem, kdy činil 0,76 USD na akcii.
Novanta (NOVT - Free Report) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +7.23%. A quarter ago, it was expected that this photonic and motion control components maker would post earnings of $0.78 per share when it actually produced earnings of $0.81, delivering a surprise of +3.85%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Novanta, which belongs to the Zacks Electronics - Miscellaneous Components industry, posted revenues of $265.81 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.64%. This compares to year-ago revenues of $241.05 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Novanta shares have added about 34% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Novanta?While Novanta has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Novanta was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.95 on $264.11 million in revenues for the coming quarter and $3.59 on $1.05 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, Electronics - Miscellaneous Components is currently in the top 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, OSI Systems (OSIS - Free Report) , is yet to report results for the quarter ended June 2026.
This airport security and full-body scanner manufacturer is expected to post quarterly earnings of $3.76 per share in its upcoming report, which represents a year-over-year change of +16.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
OSI Systems' revenues are expected to be $528.34 million, up 4.6% from the year-ago quarter.
SM Energy (SM - Free Report) came out with quarterly earnings of $2.19 per share, beating the Zacks Consensus Estimate of $1.93 per share. This compares to earnings of $1.5 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +13.47%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $1.29 per share when it actually produced earnings of $1.55, delivering a surprise of +20.16%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
SM Energy, which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, posted revenues of $2.5 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 24.54%. This compares to year-ago revenues of $792.94 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
SM Energy shares have added about 66% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for SM Energy?While SM Energy has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for SM Energy 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 $1.68 on $1.92 billion in revenues for the coming quarter and $6.95 on $7.28 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, Oil and Gas - Exploration and Production - United States is currently in the bottom 13% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Venture Global (VG - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 11.
This exporter of liquid natural gas is expected to post quarterly earnings of $0.49 per share in its upcoming report, which represents a year-over-year change of +250%. The consensus EPS estimate for the quarter has been revised 4.6% higher over the last 30 days to the current level.
Venture Global's revenues are expected to be $4.5 billion, up 45.2% from the year-ago quarter.
Central Garden (CENT - Free Report) came out with quarterly earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.51 per share. This compares to earnings of $1.56 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +1.99%. A quarter ago, it was expected that this maker of products for the pet supply and lawn and garden markets would post earnings of $1.08 per share when it actually produced earnings of $1.29, delivering a surprise of +19.44%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Central Garden, which belongs to the Zacks Consumer Products - Discretionary industry, posted revenues of $882.36 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.66%. This compares to year-ago revenues of $960.91 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.
Central Garden shares have added about 37.1% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Central Garden?While Central Garden has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Central Garden was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.05 on $586.21 million in revenues for the coming quarter and $2.89 on $2.99 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, Consumer Products - Discretionary is currently in the bottom 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Consumer Discretionary sector, Savers Value Village (SVV - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This retailer of second-hand merchandise is expected to post quarterly earnings of $0.14 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Savers Value Village's revenues are expected to be $450.09 million, up 7.9% from the year-ago quarter.
Kemper (KMPR - Free Report) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $1.3 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +40.63%. A quarter ago, it was expected that this insurance holding company would post earnings of $0.81 per share when it actually produced earnings of $0.21, delivering a surprise of -74.07%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Kemper, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $1.12 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 9.5%. This compares to year-ago revenues of $1.23 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Kemper shares have lost about 27.5% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Kemper?While Kemper 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 Kemper was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.55 on $1.22 billion in revenues for the coming quarter and $1.94 on $4.91 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Multi line is currently in the bottom 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Assured Guaranty (AGO - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This insurance holding company is expected to post quarterly earnings of $1.66 per share in its upcoming report, which represents a year-over-year change of +64.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Assured Guaranty's revenues are expected to be $191.8 million, down 3.6% from the year-ago quarter.
Fidelity National Financial vykázala za čtvrtletí zisk na akcii 1,39 USD, což překonalo odhad 1,26 USD. Tržby 3,72 miliardy USD ale za odhadem zaostaly o 3,09 %.
Fidelity National Financial (FNF - Free Report) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.12 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +10.32%. A quarter ago, it was expected that this provider of title insurance and mortgage services would post earnings of $1.09 per share when it actually produced earnings of $0.93, delivering a surprise of -14.68%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Fidelity National Financial, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $3.72 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 3.09%. This compares to year-ago revenues of $3.64 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Fidelity National Financial shares have lost about 5.6% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Fidelity National Financial?While Fidelity National Financial 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 Fidelity National Financial was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.39 on $3.92 billion in revenues for the coming quarter and $5.11 on $15.35 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, Insurance - Multi line is currently in the bottom 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, American International Group (AIG - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This insurer is expected to post quarterly earnings of $1.89 per share in its upcoming report, which represents a year-over-year change of +4.4%. The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level.
American International Group's revenues are expected to be $7.27 billion, up 6.3% from the year-ago quarter.
AppLovin ve 2. čtvrtletí zvýšil tržby na 1,92 miliardy USD a upravenou EBITDA na 1,61 miliardy USD, obojí ale pod vlastním odhadem kvůli slabšímu tempu vylepšování reklamních modelů. Firma čeká ve 3. čtvrtletí tržby 2,055 až 2,085 miliardy USD.
3 Stocks That Prove the AI Trade Isn't Over, It MovedAppLovin NASDAQ: APP reported second-quarter revenue of $1.92 billion, up 53% from a year earlier and 4% sequentially, while adjusted EBITDA rose 58% year-over-year to $1.61 billion. The company said both figures came in below its own guidance expectations, attributing the shortfall primarily to a lighter-than-normal pace of advertising-model improvements during the quarter.
Co-founder and CEO Adam Foroughi said the company’s gaming business, which remains the majority of revenue, depends heavily on the performance of its models. Improved models enable advertisers to profitably increase spending while meeting return-on-ad-spend targets, he said. During the second quarter, however, the company did not receive the level of model uplift it had experienced in prior periods.
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Why AppLovin’s CEO Is Selling While Quantum Insiders Are Buying“This quarter came down to timing,” Foroughi said. “Our pace of meaningful model improvement was lighter than normal during the quarter, and the next step up in model performance landed just after quarter end.”
Third-Quarter Outlook Reflects New Model Release Management said the next model improvement is now live, has contributed to a strong start to the third quarter, and is reflected in the company’s outlook. AppLovin expects third-quarter revenue of $2.055 billion to $2.085 billion, representing year-over-year growth of 46% to 48% and sequential growth of 7% to 8%.
Time to Sell? 3 Winners With Fading Technical MomentumThe company forecast adjusted EBITDA of $1.71 billion to $1.74 billion for the third quarter, implying year-over-year growth of 48% to 50% and an adjusted EBITDA margin of about 83%. The outlook includes higher training and compute costs associated with the model improvements already deployed, but does not assume further model releases that have not yet gone live.
Foroughi said there was no indication during the quarter of weaker advertiser demand or a change in the competitive environment. He noted that MAX publisher earnings grew by double digits sequentially and that AppLovin’s share of publisher waterfalls remained consistent.
Chief Financial Officer Matt Stumpf said higher compute spending was the main driver of sequential cost increases. He said AppLovin manages its business toward EBITDA dollars and free cash flow rather than a fixed margin percentage, and will continue to spend on compute when it can generate incremental revenue.
Stumpf said the company expects to remain in the low-80% adjusted EBITDA margin range over the longer term, though margins could fluctuate in the near term as AppLovin invests in model development and infrastructure.
Consumer Advertising Spend Reaches New Record AppLovin also highlighted continued expansion in its consumer advertising vertical. Foroughi said advertiser spending in the category set another record and finished 28% above fourth-quarter 2025 levels, despite the second quarter being seasonally slower for e-commerce advertisers than the fourth quarter.
The company said consumer advertising is still not large enough to fully offset variability in the gaming business, but management expects its growing contribution to become increasingly meaningful over time. Foroughi said the company believes its combination of continued gaming-model improvements and consumer expansion could support roughly 30% annual compounding over the longer term.
AppLovin opened its platform to the public during the quarter under the AppLovin Ads Manager name. Management said the launch was progressing as expected but was not intended to transform the business immediately. The company is initially targeting mid-market advertisers, rather than the largest brands or smaller long-tail businesses.
Foroughi said mid-market advertisers are more likely to have the budgets and willingness to absorb the learning costs associated with a newer advertising platform. He said the company expects its addressable base to broaden as it brings more advertisers onto the platform, collects more transaction data and further improves its models.
AppLovin is using partnerships with third-party analytics providers to target prospective mid-market advertisers. Management said consumer advertisers currently tend to be fewer in number but larger in spending, rather than a broad base of small advertisers. The company identified creative production as a key hurdle for smaller advertisers, particularly the need for 30- to 60-second video advertisements paired with interactive end cards. Foroughi said AppLovin can already generate interactive end cards with relatively high efficiency, but is still working to reliably produce high-quality long-form video creative automatically. Resolving that issue, or offering alternative ad templates that do not require video, could make campaign creation easier for smaller advertisers, he said.
Cash Flow, Debt and Buybacks Free cash flow totaled $863 million in the second quarter. Stumpf said cash conversion was below the company’s typical level because of the timing of international cash-tax and interest payments, rather than a change in the company’s earnings power. AppLovin expects free-cash-flow conversion to improve in the third quarter and to normalize to roughly 75% of adjusted EBITDA for the full year.
The company ended the quarter with $3.05 billion in cash and $3.7 billion in total debt, for net leverage of approximately 0.1 times trailing 12-month adjusted EBITDA. Stumpf said this was well within the roughly one-times leverage level AppLovin expects to maintain over the long term.
During the quarter, AppLovin repurchased and withheld approximately 1.14 million shares for $551 million. It ended the period with 335 million shares outstanding and about $1.8 billion remaining under its repurchase authorization. Stumpf said the reduced pace of buybacks from the roughly $1 billion deployed in the first quarter reflected lower second-quarter free cash flow and did not signal a change in the company’s view of share repurchases.
Stumpf also said the Securities and Exchange Commission had concluded a previously reported voluntary inquiry with no recommended action. The company had not considered the request material, he said.
Looking ahead, management said its immediate priorities include improving core models, advancing architecture that can benefit more from scaled compute, enhancing creative tools and ad formats, and adding higher-quality advertisers through partnerships.
About AppLovin (NASDAQ:APP)AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin's technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.
Key components of AppLovin's offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.
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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David Hsiao - Head of Investor Relations
Adam Foroughi - Co-Founder, CEO & Director
Matt Stumpf - Chief Financial Officer
Conference Call Participants
Jason Bazinet - Citigroup Inc., Research Division
James Heaney - Jefferies LLC, Research Division
Stephen Ju - UBS Investment Bank, Research Division
Ralph Schackart - William Blair & Company L.L.C., Research Division
Omar Dessouky - BofA Securities, Research Division
Robert Sanderson - Loop Capital Markets LLC, Research Division
Alec Brondolo - Wells Fargo Securities, LLC, Research Division
Robert Coolbrith - Evercore ISI Institutional Equities, Research Division
James Callahan - Piper Sandler & Co., Research Division
Matthew Swanson - RBC Capital Markets, Research Division
William Lampen - BTIG, LLC, Research Division
Aaron Lee - Macquarie Research
Martin Yang - Oppenheimer & Co. Inc., Research Division
Vasily Karasyov - Cannonball Research, LLC
Timothy Nollen - SSR LLC
Presentation
David Hsiao
Head of Investor Relations
Welcome to AppLovin's earnings call for the second quarter ended June 30, 2026. I'm David Hsiao, Head of Investor Relations. Joining me today to discuss our results are Adam Foroughi, our Co-Founder and CEO; and Matt Stumpf, our CFO. Please note our SEC filings to date, as well as our financial update and press release discussing our second quarter performance, are available at investor.applovin.com.
During today's call, we will be making forward-looking statements, including, but not limited to, the future development and reach of our platform, our expected growth opportunities, the expected future financial performance of the company and other future events. These statements are based on our current assumptions and beliefs, and we assume no obligation to update them except as required by law. Our actual results may differ materially from the results predicted. We encourage you to review the risk factors in our most recently filed Form 10-Q for the fiscal quarter ended March 31, 2026. Additional information may also be found in our quarterly
Earnings SANTA ANA, CA / ACCESS Newswire / August 5, 2026 / Infinity Bancorp (OTCQB:INFT) (the "Company" or "Bancorp"), the holding company for Infinity Bank (the "Bank"), today announced financial results for the quarter ended, June 30, 2026.
Financial highlights for the second quarter of 2026:
Net income was $1.4 million for the second quarter, a 6.2% increase over the first quarter of 2026
A cash dividend of $0.10 per share was paid to shareholders during the second quarter of 2026
Loans increased $31.4 million or 14% during the second quarter
Loans and Allowance for Credit Losses
Total loans were $255.1 million at June 30, 2026, compared to $223.7 million for the first quarter of 2026, an increase of $31.4 million, or 14.1%. When compared to the fourth quarter of 2025, total loans increased $25.4 million, or 11.0%. The Bank funded $46.3 million in new loans/advances in the second quarter of 2026. The fundings were offset by $14.9 million in payoffs, most of which were expected based on the contractual terms of the loans. The increase in loans caused the Bank's loan deposit ratio to increase to 82.5% as of June 30, 2026, from 65.2% as of March 31, 2026, and from 76.0% a year ago.
In order to maintain the Bank's Allowance for Credit Losses (ACL) at its current level, as a percentage of total loans, the Bank made an additional provision to the ACL of $205 thousand during the second quarter of 2026. The Bank recorded $204 thousand in net charge-offs during the quarter ended March 31, 2026. At the time of the charge-offs the necessary reserves had already been established in the Bank's ACL. There were no charge-offs for the second quarter of 2026. The Bank's ACL at 1.51% decreased from 1.63% when compared to the previous quarter.
Yields on total loans decreased to 8.34% during the second quarter of 2026, compared to 8.59% from first quarter of 2026 and decreased from 8.96% in the second quarter, 2025. For the six months ended June 30, 2026, yield on loans decreased to 8.46% compared to 8.93% for the same period in 2025. The decrease in yields from 2025 was due to 75 basis point reduction in the federal funds rates that were approved by the Federal Open Market Committee in the third and fourth quarters of 2025 as well as fluctuations with the mix of the portfolio.
Deposits and Borrowed Funds
Total deposits equaled $309.5 million at June 30, 2026, a decrease of $33.8 million, or (9.8%) from the first quarter of 2026, and an increase of $7.1 million, or 2.3% from December 31, 2025. Non-interest-bearing demand accounts increased $5.1 million, or 3.0% to $176.0 million as of June 30, 2026, and comprise 57.0% of total deposits. Non-interest-bearing demand accounts increased $2.6 million, or 1.5% when compared to December 31, 2025. Interest-bearing deposits decreased by $38.9 million, or (22.6%) when compared to first quarter of 2026 and increased $4.4 million, or 3.5% when compared to December 31, 2025. The changes in deposits were generally related to normal shifts in customer deposits.
The Company did not have any Federal Home Loan Bank (FHLB) or other borrowings at June 30, 2026, or March 31, 2026, decreasing from $5 million in overnight borrowings at December 31, 2025.
The Company's cost of funds was down to 1.28% for the quarter ended June 30, 2026, compared to 1.30% from the previous linked quarter and down from 1.58% for the same quarter last year. For the six months ended June 30, 2026, the cost of funds decreased to 1.29% from 1.65% for the same period in 2025. Cost of funds decreased in response to decreases in the federal funds rate in 2025.
Net-interest Income
Net-interest income for the second quarter of 2026 was $4.9 million, a slight increase of $33 thousand, or 0.7% from the first quarter of 2026 and an increase of $172 thousand, or 3.7% over the second quarter of 2025. For the six-months ended June 30, 2026, net-interest income was $9.7 million, an increase of $471 thousand, or 5.1% from the same period in 2025.
The Company's net interest margin for the second quarter of 2026 was up 16 basis points to 5.84% when compared to first quarter ended March 31, 2026, and down 9 basis points from 5.93% for the comparable period ended June 30, 2025. The net interest margin for the six months ended June 30, 2026, decreased to 5.76% compared to 5.86% for the same period in 2025. The change in the net interest margin from period to period is due to fluctuations in the mix of both loans and deposits as well as changes in rates related to three 25 basis point rate cuts implemented by the Federal Reserve from September through December 2025. The Company's primary source of net-interest income continues to be driven by interest on loans followed by other short-term investments.
Non-interest Income
For the second quarter of 2026, non-interest income totaled $174 thousand, an increase of $38 thousand, or 27.9% when compared to the previous quarter and from same period in 2025. For the six-months ended June 30, 2026, non-interest income totaled $310 thousand, up $61 thousand, or 24.5% from linked period in 2025. Non-interest income continues to be driven primarily by fees on loans and deposit accounts.
Non-interest Expense
For the second quarter of 2026, non-interest expense totaled $2.9 million, a decrease of $46 thousand, or (1.6%) from the first quarter of 2026 and a decrease of $56 thousand, or (1.9%) when compared to same quarter in 2025. For the six-months ended June 30, 2026, non-interest expense increased $186 thousand, or 3.3%, to $5.8 million from linked period in 2025. The increase for the six-month period was driven primarily by inflation. The Company's efficiency ratio equaled 57.1% for the quarter ended June 30, 2026, compared to 58.8% at March 31, 2026, and 60.7% for the same quarter in 2025. The efficiency ratio for the six months ended June 30, 2026, was 57.9% compared to 59.2% for the same period in 2025.
Net Income
For the second quarter of 2026 the Company's net income increased $79 thousand to $1.4 million, or $0.43 basic earnings per share compared to $1.3 million, or $0.41 basic earnings per share for the first quarter of 2026. When compared to the second quarter of 2025, profitability was relatively the same at $1.4 million, or $0.44 basic earnings per share. For the six months ended June 30, 2026, net income was relatively flat at $2.6 million, or $0.84 basic earnings per share, compared to $2.6 million, or $0.83 basic earnings per share for the first six months of 2025. The increase in profitability is directly tied to the increases in net interest margin as discussed above.
The return on average assets increased 12 basis points to 1.60% for the second quarter of 2026 as compared to 1.48% for the first quarter of 2026 and decreased 11 basis points from 1.71% for the second quarter of 2025. For the six months ended June 30, 2026, the return on average assets decreased 9 basis points to 1.54% from 1.63% for the same period in 2025.
The return on average equity for the second quarter of 2026 was 12.44%, up 34 basis points from 12.10% for the first quarter of 2026 and decreased 169 basis points from 14.13% for the second quarter of 2025. For the six months ended June 30, 2026, the return on average equity decreased 134 basis points to 12.21% from 13.55% for the same period in 2025.
Capital Management and Subsequent Event
The Company continues to be well-capitalized and exceeds minimum regulatory requirement ratios with a tier 1 leverage ratio of 13.03%, tier 1 risk-based capital ratio of 15.31%, and a total risk-based capital ratio of 17.94%.
On July 30, 2026, the Company declared a $0.10 cash dividend to shareholders of record as of August 14, 2026, payable on August 28, 2026.
The book value of the Company's common stock was $14.18 as of June 30, 2026, up from $13.82 as of March 31, 2026, and up from $12.68 at June 30, 2025. The increase in the book value of the Company's common stock is primarily related to the additional income recorded in the quarter and six months ended June 30, 2026, as well as the continued decrease in the unrealized loss on investment securities. The investment portfolio consists entirely of government agency or government sponsored enterprise securities and therefore, the risk of incurring an actual loss is unmeasurably low. Although the Company holds its investment securities ("securities") as available for sale, we do not have the intent to sell any securities at this time. These securities are pledged to the Federal Home Loan Bank and provide the Company with liquidity by allowing us to borrow approximately 95% of the fair market value of the portfolio. Also, the securities are amortizing, which provides the Company with additional liquidity of approximately $650 thousand in monthly payments that are reinvested in higher yielding assets. As of June 30, 2026, the portfolio has an average life of 2.5 years.
ABOUT INFINITY BANCORP AND INFINITY BANK
Infinity Bank is the sole subsidiary of Infinity Bancorp. Infinity Bancorp, formed on October 21, 2022, is the bank holding company for Infinity Bank. The Bancorp does not have any operations other than through its sole subsidiary, Infinity Bank. The Bank is a community bank that commenced operations in February 2018. The Bank is focused on serving the banking needs of commercial businesses, professional service entities, their owners, employees, and families. The Bank offers a broad selection of depository products and services as well as business loan and commercial real estate financing products uniquely designed for each client. For more information about Infinity Bank and its services, please visit the website at www.infinity.bank
This news release contains a number of 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 (the "Exchange Act"). These statements may be identified by use of words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "likely," "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar terms and phrases, including references to assumptions. Forward-looking statements are based upon various assumptions and analyses made by the Bancorp (which includes the Bank) considering management's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. These statements are not guaranteeing future performance and are subject to risks, uncertainties, and other factors (many of which are beyond the Bancorp's control) that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Accordingly, you should not place undue reliance on such statements. Factors that could affect the Bancorp's results include, without limitation, the following: the timing and occurrence or non-occurrence of events may be subject to circumstances beyond the Bancorp's control; there may be increases in competitive pressure among financial institutions or from non-financial institutions; changes in the interest rate environment may reduce interest margins; changes in deposit flows, loan demand or real estate values may adversely affect the business of the Bancorp; unanticipated or significant increases in loan losses; changes in accounting principles, policies or guidelines may cause the Bancorp's financial condition to be perceived differently; changes in corporate and/or individual income tax laws may adversely affect the Bancorp's financial condition or results of operations; general economic conditions, either nationally or locally in some or all areas in which the Bancorp conducts business, or conditions in the securities markets or the banking industry may be less favorable than the Bancorp currently anticipates; legislation or regulatory changes may adversely affect the Bancorp's business; technological changes may be more difficult or expensive than the Bancorp anticipates; there may be failures or breaches of information technology security systems; success or consummation of new business initiatives may be more difficult or expensive than the Bancorp anticipates; or litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may delay the occurrence or non-occurrence of events longer than the Bancorp anticipates.
6 Hutton Centre Drive, Suite 100
Santa Ana, CA 92707
Radian (RDN - Free Report) came out with quarterly earnings of $1.14 per share, missing the Zacks Consensus Estimate of $1.38 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 -17.39%. A quarter ago, it was expected that this mortgage insurer would post earnings of $1.17 per share when it actually produced earnings of $1.27, delivering a surprise of +8.55%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Radian, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $580.75 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.30%. This compares to year-ago revenues of $311.75 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.
Radian shares have added about 10.1% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Radian?While Radian 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 Radian 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 $1.34 on $579.9 million in revenues for the coming quarter and $5.17 on $2.21 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, Insurance - Multi line is currently in the bottom 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, MBIA (MBI - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This insurance and reinsurance company is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of +70.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
MBIA's revenues are expected to be $20 million, down 13% from the year-ago quarter.
CACI International (CACI - Free Report) came out with quarterly earnings of $8.91 per share, beating the Zacks Consensus Estimate of $7.26 per share. This compares to earnings of $8.4 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +22.73%. A quarter ago, it was expected that this defense contractor would post earnings of $6.9 per share when it actually produced earnings of $7.27, delivering a surprise of +5.36%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
CACI International, which belongs to the Zacks Computer - Services industry, posted revenues of $2.71 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.36%. This compares to year-ago revenues of $2.3 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
CACI International shares have lost about 1.6% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for CACI International?While CACI International 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 CACI International 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 $7.26 on $2.54 billion in revenues for the coming quarter and $30.49 on $10.57 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, Computer - Services is currently in the top 45% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, PDF Solutions (PDFS - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This provider of software and services for semiconductor makers is expected to post quarterly earnings of $0.26 per share in its upcoming report, which represents a year-over-year change of +36.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
PDF Solutions' revenues are expected to be $61 million, up 17.9% from the year-ago quarter.
Everest uzavřel definitivní dohodu o prodeji své pojišťovací divize v Mexiku společnosti Fairfax Financial Holdings. Uzavření transakce se očekává v roce 2027.
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Group, Ltd. (“Everest” or “the Company”) (NYSE: EG), a global specialty reinsurance and insurance leader, today announced that it has entered into a definitive agreement to sell Compañía de Seguros Generales Everest México S.A. de C.V. (“Everest Mexico”) to Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U).
“This agreement reflects the disciplined execution of our strategic priorities and continues the transformation of Everest into a more focused, higher-performing organization,” said Jim Williamson, President and Chief Executive Officer of Everest. “By sharpening our investment in our core Reinsurance and Global Wholesale and Specialty franchises, we are positioning the Company to capitalize on the most attractive opportunities across our portfolio. At the same time, we are pleased to have found a strong long-term owner in Fairfax for our Mexico business. I want to thank our colleagues in Mexico for their dedication and contributions to Everest, and I am confident they will continue to thrive as part of Fairfax.”
The transaction follows Everest's recent announcements of agreements to sell its Colombia and Canada insurance operations as part of its planned exit from its remaining commercial retail insurance businesses. It is expected to close in 2027, subject to customary regulatory approvals and closing conditions.
Advisors to the transaction include Guy Carpenter Capital & Advisory, a division of MMC Securities LLC, as financial advisor and Debevoise & Plimpton LLP as legal counsel to Everest.
About Everest
Everest Group, Ltd. (Everest) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide.
Everest common stock (NYSE: EG) is a component of the S&P 500 index.
Additional information about Everest, our people, and our products can be found on our website at www.everestglobal.com.
Forward-looking Statements
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. Forward-looking statements about the sale transaction, strategic repositioning and Commercial Retail Insurance operations exit plans reflect management’s current expectations based on assumptions we believe are reasonable but are not guarantees of performance. Actual results may differ materially from those contained in forward-looking statements made on behalf of the Company. Forward-looking statements involve risks and uncertainties including the actual impact of the sale transaction, strategic repositioning and Commercial Retail Insurance operations exit plans and other factors described in our SEC filings, including but not limited to our latest Annual Report on Form 10-K. 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.
NCR Voyix Corporation (VYX) Q2 2026 Earnings Call August 5, 2026 8:00 AM EDT
Company Participants
Sarah Jane Schneider
James Kelly - President, CEO & Director
Nick East - Executive VP & Chief Product Officer
Darren Wilson - Executive VP and President of Retail & Payments
Beimnet Tadele - Executive VP & President of Restaurants
Brian Webb-Walsh - Executive VP & CFO
Conference Call Participants
Kartik Mehta - Northcoast Research Partners, LLC
Matt Summerville - D.A. Davidson & Co., Research Division
Jack Evans - Goldman Sachs Group, Inc., Research Division
John McShane - Stifel, Nicolaus & Company, Incorporated, Research Division
Matthew Inglis
Presentation
Operator
Thank you for standing by. My name is Carly, and I will be your conference operator today. At this time, I would like to welcome everyone to the NCR Voyix Corporation Second Quarter 2026 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Sarah Jane Schneider, Vice President of Investor Relations. Please go ahead.
Sarah Jane Schneider
Good morning, and thank you for joining our second quarter 2026 earnings conference call. This morning, we issued our earnings release reporting financials for the quarter ended June 30, 2026. A copy of the earnings release that we will reference during this call is available on the Investor Relations section of our website, which can be found at www.ncrvoyix.com and have been filed with the SEC.
With me on the call today are Jim Kelly, our Chief Executive Officer; Nick East, our Chief Product Officer; Darren Wilson, President, Retail and Payments; Benny Tadele, President, Restaurants; and Brian Webb-Walsh, our Chief Financial Officer. This call is being recorded, and the webcast is available on the Investor Relations section of our website. Before we begin, please be advised that remarks today will contain forward-looking statements.
Sunrun Inc. (RUN) Q2 2026 Earnings Call August 5, 2026 4:30 PM EDT
Company Participants
Patrick Jobin - Senior VP of Finance & Investor Relations
Mary Powell - CEO & Director
Danny Abajian - CFO & Principal Financial Officer
Paul Dickson - President & Chief Revenue Officer
Conference Call Participants
Brian Lee - Goldman Sachs Group, Inc., Research Division
Praneeth Satish - Wells Fargo Securities, LLC, Research Division
Maheep Mandloi - Mizuho Securities USA LLC, Research Division
Colin Rusch - Oppenheimer & Co. Inc., Research Division
Philip Shen - ROTH Capital Partners, LLC, Research Division
Sophie Karp - KeyBanc Capital Markets Inc., Research Division
Presentation
Operator
Good afternoon, and welcome to Sunrun's Second Quarter 2026 Earnings Conference Call. Please note that this call is being recorded and that the 1 hour has been allotted for the call, including the Q&A session. [Operator Instructions]
I will now turn the call over to Patrick Jobin, Sunrun's Investor Relations Officer. Please go ahead.
Patrick Jobin
Senior VP of Finance & Investor Relations
Thank you, Latanya. Before we begin, please note that certain remarks we will make on this call constitute forward-looking statements related to the expected future results of our company, including our Q3 and full year 2026 financial outlook and other statements that are not historical in nature, are predictive in nature or depend upon or refer to future events or conditions, such as our expectations, estimates, predictions, strategies, beliefs or other statements that may be considered forward-looking. Though we believe these statements reflect our best judgment based on factors currently known to us, actual results may differ materially or adversely. Please refer to the company's filings with the SEC for a more inclusive discussion of risks and other factors that may cause our actual results to differ from projections made in any forward-looking statements. Please also note, these statements are being made as of today, and we disclaim any obligation to update or
Paycom zvýšil celoroční výhled tržeb na 2,197–2,212 miliardy USD díky silné poptávce po AI nástrojích pro řízení zaměstnanců. Akcie po výsledcích v prodlouženém obchodování vzrostly o 15,1 %.
Aug 5 (Reuters) - Payroll processor Paycom (PAYC.N), opens new tab on Wednesday lifted its annual revenue forecast, driven by steady demand for its AI-driven employee management services.
Shares of the company were up 15.1% in extended trading following the results.
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Here are some details:
Paycom, which offers a broad product suite and tools helping employers track and manage workforce tasks, has been integrating AI features into its software.
The company expects full-year 2026 revenue of $2.197 billion to $2.212 billion, above its previous forecast of $2.175 billion to $2.195 billion.
Integration of AI into its services has boosted demand for Paycom's services, as businesses look to simplify workforce management functions.
The company offers employee-focused tools such as Beti, GONE and IWant.
It reported revenue of $531.2 million for the quarter ended June 30, ahead of analysts' average estimate of $513.1 million, according to data compiled by LSEG.
Human capital management vendors such as Automatic Data Processing (ADP.O), opens new tab, Workday (WDAY.O), opens new tab and Paychex (PAYX.O), opens new tab are among the major competitors of Paycom.
Reporting by Arunesh Sinha in Bengaluru; Editing by Shreya Biswas
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Power Integrations vykázala zisk na akcii 0,37 USD a tržby 118,94 milionu USD za čtvrtletí končící v červnu 2026, obojí nad odhady. Akcie jsou od začátku roku výše o zhruba 81,7 %.
Power Integrations (POWI - Free Report) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +15.63%. A quarter ago, it was expected that this maker of integrated circuits used for power conversion would post earnings of $0.23 per share when it actually produced earnings of $0.25, delivering a surprise of +8.7%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Power Integrations, which belongs to the Zacks Semiconductors - Power industry, posted revenues of $118.94 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.44%. This compares to year-ago revenues of $115.85 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.
Power Integrations shares have added about 81.7% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Power Integrations?While Power Integrations has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Power Integrations was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.38 on $125.45 million in revenues for the coming quarter and $1.29 on $474.4 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, Semiconductors - Power is currently in the bottom 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Computer and Technology sector, Palo Alto Networks (PANW - Free Report) , has yet to report results for the quarter ended July 2026. The results are expected to be released on September 1.
This security software maker is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of +2.1%. The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level.
Palo Alto Networks' revenues are expected to be $3.35 billion, up 32.1% from the year-ago quarter.
Opendoor Technologies klesl po zveřejnění výsledků za 2. čtvrtletí, když tržby klesly na 883 milionů USD z 1,57 miliardy USD a upravená EBITDA se změnila ve ztrátu 4 miliony USD.
Opendoor Technologies (OPEN -8.74%) stock fell 8.5% on Wednesday while the S&P 500 and the Nasdaq Composite were down 0.2% and 0.9%, respectively.
Opendoor, the digital home-buying company, slid following its second-quarter earnings, which landed after Tuesday's close. The report showed revenue and profits well below where they were a year ago.
Today's Change
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3.76
Revenue and home sales fell sharply year over year Revenue for the company's Q2 came in at $883 million, down heavily from $1.57 billion in the same quarter last year, when the company sold 4,299 homes. It sold just 2,339 homes this quarter.
Adjusted earnings before interest taxed depreciation, and amortization (EBITDA) -- a rough measure of operating profitability -- swung to a $4 million loss from a $23 million profit a year ago.
Image source: Getty Images.
New leadership is aggressively rebuilding inventory This was driven by a decision by the company's previous leadership to buy far fewer homes, leaving Opendoor with fewer homes to sell. It's now taking a different tack. The company bought 4,378 homes in the quarter, up from 1,757 a year ago, and signed 6,908 contracts to buy more, the most since the second quarter of 2022.
Can Opendoor finally turn a profit? Management expects its recent strategy shift to start bearing fruit soon, with CEO Kaz Nejatian saying the company is "now on a clear path to sustained ANI profitability."
While I do expect the numbers to improve moving forward, I'm skeptical of the company turning an actual GAAP profit, which it's never done. And with the chance of interest rate hikes in the near future, this is not a stock I would own.
Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
DoorDash stále testuje robota Dot v části Phoenixu a podle Tonyho Xu má před rozšířením vyřešit nabíjení, vyzvedávání i doručování do uzavřených areálů.
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DoorDash unveiled its Dot delivery robot last September. Bloomberg/Getty Images DoorDash's delivery robot isn't quite ready for prime time.
The delivery service has spent the last several months testing its Dot delivery robot as it makes deliveries in parts of Phoenix, Arizona. And while the company is working on securing permits for Dot to expand to other cities, there's still a lot that the company needs to figure out before it expands the autonomous delivery option, CEO Tony Xu said on a second-quarter earnings call on Wednesday.
"I'm a big believer that you really have to nail something before you scale it," Xu said.
To make autonomous deliveries work, DoorDash has to correctly estimate how long it will take restaurants to prepare orders, Xu said. The company also has to figure out how Dot can drop off orders at gated communities or interact with a doorman at an apartment building.
Xu also pointed to the issue of loading the robots. The company is paying some DoorDash workers about $5 to load orders into Dot robots, Business Insider reported on Sunday.
Those challenges "might be literally one one thousandth the number of issues that you have to solve to actually have a chance at making autonomous deliveries actually happen," Xu said on Wednesday's call.
DoorDash will also have to solve similar problems for DoorDash Air, the drone delivery service that it announced last month. The company expects to start drone deliveries later this year.
Companies like Uber and DoorDash have turned to autonomous vehicles to make more ride-hailing trips and deliver more orders over the past year. Without people driving them, though, the companies must solve a number of problems.
With Dot, DoorDash is trying to solve issues from maintenance and manufacturing to having infrastructure to charge the robots, the company wrote in a press release on its second-quarter earnings.
Those "are all extremely difficult and must be addressed at scale," DoorDash said in the release.
Do you have a story idea about DoorDash? Contact this reporter at [email protected] or via encrypted messaging app Signal at 808-854-4501. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.
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Alex Bitter You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Alex Bitter is a senior retail reporter covering the gig economy, food, and retail. His work focuses major gig delivery and ride-hailing apps, including Uber, Lyft, DoorDash, Instacart, and Walmart's Spark. He is interested in everything from what it's like to work on the apps to the companies' business strategies.Some of his recent stories feature gig workers who have been deactivated on the apps, DoorDash hiring traditional employees to make deliveries, gig workers' use of bots, and gig work expanding into new professions, such as nursing.Alex has also written about Aldi's US expansion, Starbucks' turnaround efforts, and the fallout from Kraft-Heinz's budget cutting. Convenience store chain Sheetz ended its "smile policy" after his reporting.Before joining Insider in September 2020, he wrote about consumer and retail companies for S&P Global Market Intelligence. He's a graduate of the University of Hawai'i at Mānoa and grew up on the Big Island.Alex lives in the Washington, DC, area, where you can find him studying ancient coins or searching for Civil War artifacts with his metal detector in his free time.Got a tip? Reach out at [email protected] or via encrypted messaging app Signal at +1 (808) 854-4501.
DoorDash uvedl, že objem objednávek z agentní AI je zatím nízký, zatímco jeho vlastní AI nástroje už zrychlují tvorbu košíků i katalogů. Ve druhém čtvrtletí tržby vzrostly o 36 % na 4,5 miliardy USD.
Artificial intelligence is showing up for DoorDash. It’s just not agentic … yet.
While the fight for agentic commerce gears up, DoorDash CEO Tony Xu said on the company’s second quarter earnings call that agentic order volume from AI partners remains low. He said the gap traces back to most AI platforms prioritizing enterprise customers and coding tools over physical fulfillment. DoorDash’s own AI tools, meanwhile, are already producing results, from an ordering agent that builds a grocery cart in under two minutes to automated catalog building for new merchants.
For DoorDash, every AI shopping assistant eventually has to hand off to something physical. Someone has to check what’s actually in stock, route an order to the right merchant, load a bag correctly, and figure out what happens when a delivery goes to the wrong doorman inside a high rise.
Xu spent part of the call arguing that this handoff is the part of agentic commerce nobody has solved. He framed the coming years as a fight between two forces. One is the battle for attention, playing out now among chat assistants and AI platforms. The other is what he called the battle for atoms, the physical infrastructure needed to deliver something. DoorDash is betting its future on winning the second fight regardless of who wins the first.
Where AI Is Showing Up in the Business DoorDash’s own AI tools are already running, even if outside agentic traffic hasn’t arrived. DoorDash Ask, the company’s ordering agent, helps customers discover restaurants similar to ones they’ve ordered from before and assemble a grocery cart in under two minutes. Xu described the tool as solving a specific pain point in a marketplace that has grown too large to browse manually.
On the merchant side, DoorDash uses AI to automate catalog building, generating photos and metadata for retailer and restaurant listings so new merchants launch faster. Xu said that speed translates directly into faster same-store sales growth once a merchant goes live. The company has also applied AI to Dasher routing, helping delivery workers find the most efficient areas to work.
“Whenever you’re reducing friction in a product, you get more usage,” Xu told analysts, describing how AI tools compound rather than cannibalize existing demand. He said easier grocery cart building doesn’t change advertising economics, it simply produces more orders and more advertising opportunities because people order more often as a result.
Growth Broadens Beyond the Core Restaurant Business DoorDash’s restaurant business accelerated from the first quarter into the second, driven largely by Dashpass subscriber growth. CFO Ravi Inukonda said the company added more paid subscribers over the past year than in the two prior years combined, with subscriber growth in the U.S. among the highest DoorDash has recorded in several years.
New verticals outside restaurants, including grocery and retail, are growing faster than the core restaurant business and remain on track to turn gross profit positive by the end of the year. Basket sizes are increasing as customers who join through restaurant orders adopt grocery and retail categories over time, according to Inukonda, a pattern the company says holds across both older and newer customer cohorts.
International growth accelerated as well. Deliveroo posted its highest volume and subscription growth in several years, which Xu attributed to lessons DoorDash learned integrating its 2021 acquisition of Wolt. He said the majority of DoorDash’s international business sits in its top 10 markets outside the U.S., where the company holds either the leading position or a strong second place.
What Else Stood Out DoorDash is testing autonomous delivery at meaningful scale in Phoenix through DoorDash Dot, a platform Xu said orchestrates human Dashers and autonomous vehicles across the same delivery network. The company’s merchant software business, which builds digital tools for restaurants and retailers, now serves more than 150,000 businesses and grew 40% year over year. DoorDash launched Dash Mark fulfillment services, warehouses where the company controls inventory directly, delivering what Xu described as tenfold better order accuracy compared to traditional grocery partnerships. New per-mile delivery fees for longer distance orders represent a repricing of costs between consumers and Dashers. Topline Results and Outlook DoorDash reported second quarter revenue of $4.5 billion, up 36% year over year, or 24% excluding the impact of Deliveroo. Total orders grew 27% year over year to 970 million, or 17% excluding Deliveroo. Marketplace gross order value grew 36% year over year to $33.1 billion, or 23% excluding Deliveroo.
Free cash flow reached $742 million for the quarter, up from $355 million in the prior year period. Net cash from operating activities totaled $944 million. For the third quarter, DoorDash guided Marketplace GOV of $33 billion to $34 billion. The company is expecting fourth quarter margins to ease due to seasonal increases in Dasher costs and continued investment in autonomous delivery.
Dutch Bros Inc (NYSE:BROS) stock is trading lower after the company reported second-quarter financial results Wednesday after market close.
• Dutch Bros stock is feeling bearish pressure.
Here are the key highlights.
Dutch Bros Q2 ResultsDutch Bros reported second-quarter revenue of $550.9 million, up 32.5% year-over-year. The revenue total beat a Street consensus estimate of $525.5 million, according to data from Benzinga Pro.
The company reported earnings of 33 cents per share, beating a Street consensus estimate of 29 cents per share.
Company-owned same-shop sales were +8.3% year-over-year in the quarter. Systemwide same shop sales growth was +5.8% year-over-year in the quarter.
Dutch Bros opened 48 new stores in the quarter, with 44 being company-operated.
This marked the 13th consecutive quarter of positive same-shop sales growth and eighth consecutive quarter of same-shop transaction growth.
"We also maintained exceptionally strong development momentum, while AUVs climbed to record levels," Dutch Bros CEO Christine Barone said.
What’s Next for Dutch BrosThe company raised guidance for revenue, EBITDA and same-shop sales growth after the quarterly results.
Dutch Bros now expects full-year revenue to be between $2.1 billion and $2.13 billion. The previous guidance was $2.05 billion to $2.08 billion. The Street is estimating full-year revenue at $2.084 billion, according to data from Benzinga Pro.
Guidance for same-shop sales growth is in the range of 5% to 6%.
Adjusted EBITDA is expected to be in a range of $385 million to $390 million.
"We enter the second half of the year from a position of strength, with a focused plan, strong visibility into our growth initiatives, and a clear path to turning the significant whitespace ahead of us into durable growth," Dutch Bros Chief Financial Officer Josh Guenser said.
The company expects to open at least 185 new shops in the fiscal year.
Company Announces Real Estate AcquisitionWhile the double beat and raised guidance comes in strong, investors may be reacting to news that Dutch Bros has acquired the real estate and related site assets of up to 65 Salad and Go locations across Arizona, Nevada, Oklahoma and Texas.
Salad and Go recently filed for bankruptcy and is shutting down all locations.
The company’s announcement said the deal is expected to close in the third quarter and will give Dutch Bros a portfolio of "established drive-thru locations" that will be converted to Dutch Bros stores in 2027.
"New shop growth is one of the most important drivers of our long-term strategy, and this potential site acquisition demonstrates how we’re investing to accelerate that growth," Barone said.
Financial terms of the acquisition were undisclosed.
Dutch Bros Stock Price ActionDutch Bros stock is down 14.47% to $56.17 in after-hours trading Wednesday versus a 52-week trading range of $44.58 to $74.65.
Photo: Shutterstock
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Viavi Solutions Inc. (VIAV) Q4 2026 Earnings Call August 5, 2026 4:30 PM EDT
Company Participants
Vibhuti Nayar - Director of Investor Relations
Ilan Daskal - Executive VP & CFO
Oleg Khaykin - President, CEO & Director
Conference Call Participants
Ryan Koontz - Needham & Company, LLC, Research Division
Ruben Roy - Stifel, Nicolaus & Company, Incorporated, Research Division
Andrew Spinola - UBS Investment Bank, Research Division
Michael Genovese - Rosenblatt Securities Inc., Research Division
Timothy Savageaux - Northland Capital Markets, Research Division
Presentation
Operator
Good afternoon. My name is Kendra, and I will be your conference operator today. At this time, I would like to welcome everyone to Viavi Solutions Fiscal Fourth Quarter and Fiscal 2026 Earnings Call. Today's conference is being recorded. [Operator Instructions] At this time, I would like to turn the conference over to Vibhuti Nayar, Head of Investor Relations. Please go ahead.
Vibhuti Nayar
Director of Investor Relations
Thank you, Kendra. Good afternoon, everyone, and welcome to Viavi Solutions Fourth Quarter and Fiscal 2026 Earnings Call. My name is Vibhuti Nayar, Head of Investor Relations for Viavi Solutions. With me on today's call is Oleg Khaykin, our President and CEO; and Ilan Daskal, our CFO.
Please note, this call will include forward-looking statements about the company's financial performance. These statements are subject to risks and uncertainties that could cause actual results to differ materially from our current expectations and estimations. We encourage you to review our most recent annual report and SEC filings, particularly the risk factors described in those filings. The forward-looking statements, including the guidance that we provide during this call and our expectations regarding the end markets and acquired business, are valid only as of today. Viavi undertakes no obligation to update these statements.
Please also note that unless we state otherwise, all results discussed on this
Amdocs vykázal za čtvrtletí končící v červnu 2026 tržby 1,17 miliardy USD, meziročně o 2,7 % více, a EPS 1,84 USD. Tržby ale mírně zaostaly za odhadem Wall Street, který činil 1,18 miliardy USD.
Amdocs (DOX - Free Report) reported $1.17 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 2.7%. EPS of $1.84 for the same period compares to $1.72 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.18 billion, representing a surprise of -0.04%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.84.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Amdocs performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Geographic Revenue- North America: $748.1 million versus $763.13 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +0.4% change.Geographic Revenue- Rest of the World: $233.3 million versus $219.61 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.3% change.Geographic Revenue- Europe: $193.5 million compared to the $193.32 million average estimate based on two analysts. The reported number represents a change of +2.2% year over year.View all Key Company Metrics for Amdocs here>>>
Shares of Amdocs have returned +8.5% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Helmerich & Payne (HP - Free Report) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of $0.11. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -200.00%. A quarter ago, it was expected that this oil and gas well-drilling contractor would post a loss of $0.06 per share when it actually produced a loss of $0.38, delivering a surprise of -533.33%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
Helmerich & Payne, which belongs to the Zacks Oil and Gas - Drilling industry, posted revenues of $1.03 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.70%. This compares to year-ago revenues of $1.04 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Helmerich & Payne shares have added about 20.3% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Helmerich & Payne?While Helmerich & Payne has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Helmerich & Payne was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.24 on $1.03 billion in revenues for the coming quarter and -$0.11 on $3.97 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, Oil and Gas - Drilling is currently in the bottom 19% 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.
Seadrill (SDRL - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 10.
This offshore drilling services provider is expected to post quarterly earnings of $0.29 per share in its upcoming report, which represents a year-over-year change of +142.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Seadrill's revenues are expected to be $386 million, up 2.4% from the year-ago quarter.
Cirrus Logic (CRUS - Free Report) came out with quarterly earnings of $1.84 per share, beating the Zacks Consensus Estimate of $1.8 per share. This compares to earnings of $1.51 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.22%. A quarter ago, it was expected that this chipmaker would post earnings of $1.76 per share when it actually produced earnings of $1.95, delivering a surprise of +10.8%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Cirrus Logic, which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $459.72 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.03%. This compares to year-ago revenues of $407.27 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.
Cirrus Logic shares have added about 12.7% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Cirrus Logic?While Cirrus Logic 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 Cirrus Logic was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.71 on $569.12 million in revenues for the coming quarter and $9.33 on $2.11 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, Electronics - Semiconductors is currently in the top 20% 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.
Synaptics (SYNA - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This maker of touch-screen technology is expected to post quarterly earnings of $1.21 per share in its upcoming report, which represents a year-over-year change of +19.8%. The consensus EPS estimate for the quarter has been revised 2.1% lower over the last 30 days to the current level.
Synaptics' revenues are expected to be $305 million, up 7.9% from the year-ago quarter.
Magnolia Oil & Gas Corp oznámila zisk 0,99 USD na akcii a tržby 478,81 milionu USD za čtvrtletí, obojí nad odhady. Zisk meziročně vzrostl z 0,43 USD na akcii. Zisk byl očištěn o jednorázové položky.
Magnolia Oil & Gas Corp (MGY - Free Report) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.9 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +10.00%. A quarter ago, it was expected that this company would post earnings of $0.51 per share when it actually produced earnings of $0.54, delivering a surprise of +5.88%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Magnolia Oil & Gas Corp, which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, posted revenues of $478.81 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 8.79%. This compares to year-ago revenues of $318.98 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Magnolia Oil & Gas Corp shares have added about 12.3% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Magnolia Oil & Gas Corp?While Magnolia Oil & Gas Corp 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 Magnolia Oil & Gas Corp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.57 on $387.17 million in revenues for the coming quarter and $2.76 on $1.85 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, Oil and Gas - Exploration and Production - United States is currently in the bottom 13% 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, HighPeak Energy, Inc. (HPK - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 10.
This company is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of -70%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
HighPeak Energy, Inc.'s revenues are expected to be $274.1 million, up 36.8% from the year-ago quarter.
Exelixis oznámil zisk 0,91 USD na akcii, nad odhadem 0,86 USD. Tržby 628,69 milionu USD ale o 0,99 % zaostaly za odhadem za čtvrtletí končící v červnu 2026.
Exelixis (EXEL - Free Report) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +5.81%. A quarter ago, it was expected that this drug developer would post earnings of $0.75 per share when it actually produced earnings of $0.87, delivering a surprise of +16%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Exelixis, which belongs to the Zacks Medical - Biomedical and Genetics industry, posted revenues of $628.69 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.99%. This compares to year-ago revenues of $568.26 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Exelixis shares have added about 27.8% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Exelixis?While Exelixis has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Exelixis was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.87 on $659.3 million in revenues for the coming quarter and $3.53 on $2.59 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Medical - Biomedical and Genetics is currently in the top 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Arcturus Therapeutics (ARCT - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This pharmaceutical company is expected to post quarterly loss of $1.07 per share in its upcoming report, which represents a year-over-year change of -214.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Arcturus Therapeutics' revenues are expected to be $2.51 million, down 91.1% from the year-ago quarter.
Host Hotels (HST - Free Report) came out with quarterly funds from operations (FFO) of $0.63 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to FFO of $0.58 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of +1.61%. A quarter ago, it was expected that this lodging real estate investment trust would post FFO of $0.63 per share when it actually produced FFO of $0.67, delivering a surprise of +6.35%.
Over the last four quarters, the company has surpassed consensus FFO estimates four times.
Host Hotels, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $1.64 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.18%. This compares to year-ago revenues of $1.59 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Host Hotels shares have added about 40.9% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Host Hotels?While Host Hotels has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Host Hotels 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 $0.37 on $1.38 billion in revenues for the coming quarter and $2.15 on $6.17 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Sunstone Hotel Investors (SHO - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This hotel real estate investment trust is expected to post quarterly earnings of $0.30 per share in its upcoming report, which represents a year-over-year change of +7.1%. The consensus EPS estimate for the quarter has been revised 9.8% lower over the last 30 days to the current level.
Sunstone Hotel Investors' revenues are expected to be $272.98 million, up 5.1% from the year-ago quarter.
Outfront Media (OUT - Free Report) came out with quarterly funds from operations (FFO) of $0.68 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to FFO of $0.51 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of +15.25%. A quarter ago, it was expected that this billboard, transit and digital display advertising company would post FFO of $0.28 per share when it actually produced FFO of $0.34, delivering a surprise of +21.43%.
Over the last four quarters, the company has surpassed consensus FFO estimates four times.
Outfront Media, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $522.5 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.69%. This compares to year-ago revenues of $460.2 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.
Outfront Media shares have added about 32.7% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Outfront Media?While Outfront Media has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Outfront Media was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $0.63 on $506.3 million in revenues for the coming quarter and $2.24 on $1.98 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, REIT and Equity Trust - Other is currently in the top 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Park Hotels & Resorts (PK - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This company is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents a year-over-year change of -3.1%. The consensus EPS estimate for the quarter has been revised 1.5% higher over the last 30 days to the current level.
Park Hotels & Resorts' revenues are expected to be $663.52 million, down 1.3% from the year-ago quarter.
Mueller Water Products (MWA) za čtvrtletí vykázala zisk 0,5 USD na akcii a tržby 395,9 milionu USD, obojí nad odhady. Zisk byl meziročně vyšší než 0,34 USD na akcii.
Mueller Water Products (MWA - Free Report) came out with quarterly earnings of $0.5 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +28.21%. A quarter ago, it was expected that this maker of fire hydrants, pipes and water valves would post earnings of $0.38 per share when it actually produced earnings of $0.4, delivering a surprise of +5.26%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Mueller Water Products, which belongs to the Zacks Manufacturing - General Industrial industry, posted revenues of $395.9 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.51%. This compares to year-ago revenues of $380.3 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Mueller Water Products shares have added about 11.7% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Mueller Water Products?While Mueller Water Products 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 Mueller Water Products was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.40 on $390.55 million in revenues for the coming quarter and $1.47 on $1.48 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - General Industrial is currently in the top 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, DNOW (DNOW - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This energy and industrial distribution company is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of -70.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
DNOW's revenues are expected to be $1.26 billion, up 101.3% from the year-ago quarter.
Pacific Biosciences of California vykázala za čtvrtletí ztrátu 0,14 USD na akcii v souladu s odhadem, ale výnosy 39,01 mil. USD zaostaly za očekáváním o 4,16 %.
Pacific Biosciences of California (PACB - Free Report) came out with a quarterly loss of $0.14 per share in line with the Zacks Consensus Estimate. This compares to a loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this maker of genetic analysis technology would post a loss of $0.17 per share when it actually produced a loss of $0.12, delivering a surprise of +29.41%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Pacific Biosciences, which belongs to the Zacks Medical - Instruments industry, posted revenues of $39.01 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 4.16%. This compares to year-ago revenues of $39.77 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Pacific Biosciences shares have lost about 23% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Pacific Biosciences?While Pacific Biosciences 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 Pacific Biosciences was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.12 on $42.9 million in revenues for the coming quarter and -$0.41 on $165.8 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, Medical - Instruments is currently in the bottom 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.
CVRx (CVRX - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This medical device company is expected to post quarterly loss of $0.52 per share in its upcoming report, which represents a year-over-year change of +8.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
CVRx's revenues are expected to be $15.64 million, up 15.1% from the year-ago quarter.
Douglas Emmett uspořádal konferenční hovor k výsledkům hospodaření za 2. čtvrtletí 2026. Ve zveřejněném textu ale nejsou uvedeny žádné konkrétní finanční výsledky.
Douglas Emmett, Inc. (DEI) Q2 2026 Earnings Call August 5, 2026 2:00 PM EDT
Company Participants
Stuart McElhinney - Vice President of Investor Relations
Jordan Kaplan - CEO & Chairman
Kevin Crummy - Chief Investment Officer
Peter Seymour - Chief Financial Officer
Conference Call Participants
Steve Sakwa - Evercore ISI Institutional Equities, Research Division
James Feldman - Wells Fargo Securities, LLC, Research Division
Alexander Goldfarb - Piper Sandler & Co., Research Division
Richard Anderson - Cantor Fitzgerald & Co., Research Division
Upal Rana - KeyBanc Capital Markets Inc., Research Division
Dylan Burzinski - Green Street Advisors, LLC, Research Division
John Kim - BMO Capital Markets Equity Research
Seth Bergey - Citigroup Inc., Research Division
Jana Galan - BofA Securities, Research Division
Presentation
Operator
Ladies and gentlemen, thank you for standing by. Welcome to Douglas Emmett's quarterly earnings call. Today's call is being recorded. [Operator Instructions]
I will now turn the conference over to Stuart McElhinney, Vice President of Investor Relations for Douglas Emmett.
Stuart McElhinney
Vice President of Investor Relations
Thank you. Joining us today on the call are Jordan Kaplan, our Chairman and CEO; Kevin Crummy, our CIO; and Peter Seymour, our CFO.
This call is being webcast live from our website and will be available for replay during the next 90 days. You can also find our earnings package at the Investor Relations section of our website.
You can find reconciliations of non-GAAP financial measures discussed during today's call in the earnings package. During this call, we will make forward-looking statements. These forward-looking statements are based on the beliefs of, assumptions made by, and information currently available to us. Our actual results will be affected by known and unknown risks, trends, uncertainties and factors that are beyond our control or ability to predict.
Although we believe that our assumptions are reasonable, they are not guarantees of future performance
HubSpot po zveřejnění výsledků za 2. čtvrtletí klesá v after-hours o 19,2 % na 202,16 USD, protože výhled tržeb pro 3. čtvrtletí i celý rok zůstal pod očekáváním trhu.
HubSpot Q2 EarningsHubSpot reported second-quarter revenue of $911.7 million, up 20% year-over-year. The revenue total beat a Street consensus estimate of $898.3 million, according to data from Benzinga Pro.
The company reported subscription revenue of $894 million for the quarter, up 20% year-over-year. Professional services and other revenue was $17.7 million in the quarter, up 8% year-over-year.
HubSpot reported adjusted earnings per share of $3.26, beating a Street consensus estimate of $3.02.
The company grew customers to 306,446 in the quarter, up 14% year-over-year. The average subscription revenue per customer was $11,800 in the quarter, up 4% on an as-reported basis.
The company ended the quarter with cash and cash equivalents of $1.4 billion.
In the second quarter, the company bought back $531.9 million in shares. On Monday, the company authorized an additional share repurchase program for up to $1 billion in shares over the next 24 months.
"In Q2, we made deliberate choices to accelerate our AI transformation," HubSpot CEO Yamini Rangan said. "Scaling companies want real outcomes and predictable pricing when adopting AI, and we are evolving our product, pricing and go-to-market to meet those needs."
Rangan said the AI shift unlocks a larger opportunity for the company.
"I’m confident these choices position us to drive long-term, compounding growth."
What’s Next for HubSpotWhile the company posted a double beat and strong year-over-year growth in several areas, guidance from the company is weighing on the stock in after-hours trading Wednesday.
The company expects third-quarter revenue to be in a range of $924 million to $925 million, up 14% year-over-year.
Adjusted earnings per share for the third quarter are expected to be in a range of $3.25 to $3.27.
The Street expects third quarter earnings per share of $3.45 and revenue of $942.3 million, both higher than the guidance.
For the full fiscal year, HubSpot expects revenue in a range of $3.678 billion to $3.686 billion and adjusted earnings per share in a range of $13.23 to $13.31.
This new full-year guidance is higher for adjusted earnings per share than previously forecast, while revenue is lowered from a prior range of $3.70 billion to $3.708 billion.
The Street sees full-year adjusted earnings per share of $13.10 and revenue of $3.707 billion.
HubSpot Stock Price ActionHubSpot stock is down 19.2% to $202.16 in after-hours trading Wednesday on the new guidance.
Image via Shutterstock
Market News and Data brought to you by Benzinga APIs
HubSpot (HUBS - Free Report) came out with quarterly earnings of $3.26 per share, beating the Zacks Consensus Estimate of $3.02 per share. This compares to earnings of $2.19 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +7.95%. A quarter ago, it was expected that this cloud-based marketing and sales software platform would post earnings of $2.47 per share when it actually produced earnings of $2.72, delivering a surprise of +10.12%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
HubSpot, which belongs to the Zacks Internet - Software industry, posted revenues of $911.74 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.55%. This compares to year-ago revenues of $760.87 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
HubSpot shares have lost about 38% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for HubSpot?While HubSpot 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 HubSpot was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.44 on $935.98 million in revenues for the coming quarter and $13.11 on $3.7 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, Internet - Software is currently in the top 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Rigetti Computing, Inc. (RGTI - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This company is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of +40%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Rigetti Computing, Inc.'s revenues are expected to be $4.92 million, up 173.1% from the year-ago quarter.
NICE Ltd. (NICE) Q2 2026 Earnings Call August 5, 2026 8:30 AM EDT
Company Participants
Ryan Gilligan - Vice President of Investor Relations
Scott Russell - Chief Executive Officer
Beth Gaspich - Chief Financial Officer
Conference Call Participants
Sitikantha Panigrahi - Mizuho Securities Co., Ltd., Research Division
Rishi Jaluria - RBC Capital Markets, Research Division
Julian Serafini
Ryan Abbott - Piper Sandler & Co., Research Division
Tyler Radke - Citigroup Inc., Research Division
Willow Miller - William Blair & Company L.L.C., Research Division
Patrick Walravens - Citizens JMP Securities, LLC, Research Division
Elizabeth Elliott - Morgan Stanley, Research Division
Catharine Trebnick - Rosenblatt Securities Inc., Research Division
Presentation
Operator
Welcome to the NICE conference call discussing second quarter 2026 results, and thank you all for holding. [Operator Instructions] Following management's formal presentation, instructions will be given for the question-and-answer session. As a reminder, this conference is being recorded August 5, 2026.
I would now like turn this call over to Mr. Ryan Gilligan, Vice President, Investor Relations at NICE. Please go ahead.
Ryan Gilligan
Vice President of Investor Relations
Thank you, operator. With me on today's call are Scott Russell, Chief Executive Officer and Beth Gaspich, Chief Financial Officer.
Before we start, I would like to point out that some of the statements made on this call will constitute forward-looking statements in accordance with the safe harbor provision of the Private Securities Litigation Reform Act of 1995, please be advised that the company's actual results could differ materially from these forward-looking statements. Additional information regarding the factors that could cause actual results or performance of the company to differ materially is contained in the section entitled Risk Factors in Item 3 of the company's 2025 annual report on Form 20-F as filed with the Securities and Exchange Commission on February 26, 2026.
Order Growth and Robotics Momentum Continued as Margin Recovery Progressed More Slowly Than Expected
Net Sales of $324 Million, a 1.7% Increase over Prior-Year Period
Adjusted EBITDA of $35 Million as Residual ERP and EMEA Cost Pressures Weighed on Margin
Full-Year Net Sales Guidance Raised to $1.270 - $1.310 Billion; Adjusted EBITDA Guidance Lowered to $155 - $170 Million
MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company ("Tennant" or the "Company") (NYSE: TNC) today reported its financial results for the quarter ended June 30, 2026.
(In millions, except per share data)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
Incr /
(Decr)
2026
2025
Incr /
(Decr)
Net sales
$
324.0
$
318.6
1.7
%
$
621.9
$
608.6
2.2
%
Net income
$
7.6
$
20.2
(62.4
)%
$
7.8
$
33.3
(76.6
)%
Diluted EPS
$
0.44
$
1.08
(59.3
)%
$
0.45
$
1.77
(74.6
)%
Adjusted diluted EPS(a)
$
0.83
$
1.49
(44.3
)%
$
1.41
$
2.60
(45.8
)%
Adjusted EBITDA(a)
$
35.3
$
51.0
(30.8
)%
$
64.4
$
92.0
(30.0
)%
Adjusted EBITDA(a) margin %
10.9
%
16.0
%
(510) bps
10.4
%
15.1
%
(470) bps
Highlights
ERP stabilization held during the quarter, though the expected optimization benefits did not fully materialize, with residual inefficiencies in North America and continued pricing and volume pressure in EMEA weighing on results. Orders of $339.5 million increased 6.6% year over year, growing across most regions and building backlog to $127 million, reinforcing healthy underlying demand. Net sales of $324.0 million increased 1.7% year over year, reflecting price realization and favorable foreign currency effects, partially offset by an organic sales decline driven by softer volumes in EMEA and APAC. Adjusted EBITDA(a) of $35.3 million, or 10.9% of net sales, declined compared to the prior year as gross margin and cost leverage fell short of expectations, driven by residual ERP-related inefficiencies in North America and pricing and cost pressure in EMEA. Adjusted diluted EPS(a) of $0.83 declined compared to the prior year, primarily due to lower gross margin rates and higher operating costs, partially offset by the benefit of share repurchases. Robotics momentum continued to build, with AMR sales of approximately $31 million increasing 37% year over year, underscoring progress toward the Company's $250 million AMR revenue target by 2028. “Our second quarter results reflect solid demand and order growth, though margin recovery progressed more slowly than we expected,” said Dave Huml, Tennant President and Chief Executive Officer. “Orders grew across most of our regions, robotics revenue grew approximately 37%, and backlog continued to build, underscoring the strength of underlying demand for our products. At the same time, residual ERP-related inefficiencies in North America and margin pressure in EMEA weighed on profitability more than we anticipated. We are taking targeted actions to address these challenges. Reflecting the strength of our order book, backlog, and continued robotics momentum, we are raising our full-year net sales guidance while lowering our full-year Adjusted EBITDA guidance range to reflect both the profitability impacts experienced in the first half of the year and a more measured pace of margin recovery in the second half.”
Net Sales
Consolidated net sales for the second quarter of 2026 totaled $324.0 million, a 1.7% increase compared to consolidated net sales of $318.6 million in the second quarter of 2025. The components of the consolidated net sales change were as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
2026 vs. 2025
Price
3.0%
3.6%
Volume
(3.5)%
(4.8)%
Organic decline
(0.5)%
(1.2)%
Acquisitions
0.6%
0.6%
Foreign currency
1.6%
2.8%
Total
1.7%
2.2%
Organic Sales
Organic sales, which exclude the effects of foreign currency and acquisitions, decreased 0.5% in the second quarter compared to the prior year. This decrease was the result of price realization being more than offset by lower volume, reflecting production and fulfillment constraints in North America and softer demand in certain EMEA and APAC markets.
Three Months Ended June 30, 2026
Six Months Ended June 30, 2026
Americas
EMEA
APAC
Total
Americas
EMEA
APAC
Total
Organic sales growth / (decline)
1.4%
(2.8)%
(10.6)%
(0.5)%
(0.7)%
(1.0)%
(6.8)%
(1.2)%
Americas(b): The 1.4% increase in the second quarter was primarily driven by price realization and continued strength in Latin America, partially offset by lower volumes in North America due to production and fulfillment constraints.
EMEA(c): The 2.8% decrease in the second quarter was primarily due to lower equipment volumes in certain European markets, including parts of Southern Europe and the Benelux region, as well as softer demand in export markets impacted by geopolitical developments in the Middle East.
APAC(d): The 10.6% decrease in the second quarter was primarily driven by lower equipment volumes across most countries, reflecting softer market demand and distributor overstock in certain markets, partially offset by price realization and volume growth in India.
Operating Results
The gross profit margin of 39.5% in the second quarter of 2026 was 260 basis points lower compared to the second quarter of 2025. The margin rate decline was driven primarily by ERP-related recovery costs, supply constraints, and elevated freight and tariff-related material costs in North America. In EMEA, margin was pressured by competitive price concessions, volume deleverage, and unfavorable mix. These impacts were partially offset by price realization and cost management actions.
Selling and administrative ("S&A") expense totaled $99.5 million in the second quarter of 2026, a $5.8 million increase compared to the second quarter of 2025. The increase was primarily driven by unfavorable foreign currency, higher people-related costs and technology spend, partially offset by lower bad debt expense and other administrative expenses. S&A expense as a percentage of sales was 30.7% in the second quarter of 2026, compared to 29.4% in the second quarter of 2025. Adjusted S&A(a) as a percentage of net sales increased to 29.1% in the second quarter of 2026, compared to 27.3% in the second quarter of 2025.
Research and development ("R&D") expense totaled $12.5 million in the second quarter of 2026, compared to $9.8 million in the second quarter of 2025. The increase was primarily driven by continued investment in innovation, including robotics and autonomous solutions.
Adjusted EBITDA(a) was $35.3 million in the second quarter of 2026, compared to $51.0 million in the prior-year period. The decrease in Adjusted EBITDA(a) was primarily due to gross margin declines coupled with S&A deleverage. Adjusted EBITDA margin(a) for the second quarter of 2026 was 10.9%, down 510 basis points compared to 16.0% in the prior-year period.
Net income was $7.6 million in the second quarter of 2026, compared to $20.2 million in the second quarter of 2025. Adjusted net income(a) was $14.4 million in the second quarter of 2026, a decrease of $13.4 million compared to the second quarter of 2025. The decrease was primarily driven by lower operating performance from gross margin compression coupled with S&A deleverage.
Adjusted diluted EPS(a) was $0.83 in the second quarter of 2026, compared to $1.49 in the second quarter of 2025. The decrease was driven by lower adjusted net income resulting from gross margin compression and S&A deleverage, partially offset by a reduction of approximately 1.5 million diluted weighted average shares outstanding versus the prior-year period.
Cash Flow, Liquidity and Capital Allocation
Tennant generated $5.0 million of cash flow for operating activities during the second quarter of 2026, a $17.5 million decrease compared to the prior‑year period, primarily driven by lower operating performance and increased working capital requirements, including higher accounts receivable and inventory balances and lower accounts payable. Working capital levels and cash conversion were adversely affected by operational and process inefficiencies associated with the North America ERP implementation, and management remains focused on improving working capital efficiency as stabilization and fulfillment efforts progress.
Liquidity remained strong with a balance of $76.9 million in cash and cash equivalents at the end of the second quarter, and $289.4 million of unused borrowing capacity under the Company's revolving credit facility.
The Company continues to strategically deploy cash flow to meet operational capital requirements and to return capital to shareholders in alignment with its capital allocation priorities. During the second quarter of 2026, the Company invested $5.3 million in capital expenditures and returned $5.3 million to shareholders through dividends. The Company remains diligent in managing its debt and maintaining a strong balance sheet. The Company had a net leverage ratio (Adjusted Net Debt(a) / trailing twelve months (TTM) Adjusted EBITDA(a)) of 2.0 times as of June 30, 2026.
2026 Guidance
Our first-half results reflect solid demand and order growth, though gross margin recovery progressed more slowly than we anticipated. Residual ERP-related inefficiencies in North America, together with pricing and volume pressure in EMEA and incremental freight and material costs tied to Middle East disruptions, weighed on margin performance during the second quarter. Order momentum remained healthy, with orders up 6.6% year over year and backlog building to $127 million, and robotics revenue grew approximately 37% year over year. Based on our first-half performance and our outlook for the second half, we are raising our full-year net sales guidance, reflecting our order and backlog position and continued robotics momentum, while lowering our full-year Adjusted EBITDA guidance range to reflect the slower pace of margin recovery, as follows.
(In millions, except per share data)
2026
Guidance Ranges
Net sales
$1,270 - $1,310
Organic net sales growth
3.5% - 7.0%
Diluted net income per share
$2.15 - $2.80
Adjusted diluted net income per share**
$3.80 - $4.45
Adjusted EBITDA**
$155 - $170
Adjusted EBITDA margin**
12.2% - 13.0%
Capital expenditures
~$25
Adjusted effective tax rate**
24% - 29%
Conference Call
Tennant will host a conference call to discuss its 2026 second quarter results on August 6, 2026, at 9 a.m. Central Time (10 a.m. Eastern Time). The conference call and accompanying slides will be available via webcast on Tennant's investor website. To listen to the call live and view the slide presentation, go to investors.tennantco.com and click on the link at the bottom of the overview page. A replay of the conference call, with slides, will be available at investors.tennantco.com.
Company Profile
Founded in 1870, Tennant Company (TNC), headquartered in Eden Prairie, Minnesota, is a world leader in the design, manufacture and marketing of solutions that help create a cleaner, safer and healthier world. Its products include equipment for maintaining surfaces in industrial, commercial and outdoor environments; detergent-free and other sustainable cleaning technologies; and cleaning tools and supplies. Tennant's global field service network is the most extensive in the industry. Tennant Company had sales of $1.20 billion in 2025 and has approximately 4,500 employees. Tennant has manufacturing operations throughout the world and sells products directly in more than 21 countries and through distributors in more than 100 countries. For more information, visit www.tennantco.com and www.ipcworldwide.com. The Tennant Company logo and other trademarks designated with the symbol “®” are trademarks of Tennant Company registered in the United States and/or other countries.
Forward-Looking Statements
Certain statements contained in this document are considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act. These statements do not relate to strictly historical or current facts and provide current expectations or forecasts of future events. Any such expectations or forecasts of future events are subject to a variety of factors. These include factors that affect all businesses operating in a global market as well as matters specific to us and the markets the Company serves. Particular risks and uncertainties presently facing it include: geopolitical and economic uncertainty throughout the world; our ability to comply with global laws and regulations; changes in foreign currency exchange rates; our ability to adapt to customer pricing sensitivities; the competition in our business; fluctuations in the cost, quality or availability of raw materials and purchased components; our ability to adjust pricing to respond to cost pressures; unforeseen product liability claims or product quality issues; our ability to attract, retain and develop key personnel and create effective succession planning strategies; our ability to effectively develop and manage strategic planning and growth processes and the related operational plans; our ability to successfully upgrade and evolve our information technology systems; our ability to successfully protect our information technology systems from cybersecurity risks; complications with our new ERP system; the occurrence of a significant business interruption; our ability to maintain the health and safety of our workers; our ability to integrate acquisitions; our ability to develop and commercialize new innovative products and services; and risks related to our business transformation and strategic initiatives.
The Company cautions that forward-looking statements must be considered carefully and that actual results may differ in material ways due to risks and uncertainties both known and unknown. Information about factors that could materially affect the Company's results can be found in its 2025 Form 10-K. Shareholders, potential investors and other readers are urged to consider these factors in evaluating forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements.
The Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Investors are advised to consult any further disclosures by the Company in its filings with the Securities and Exchange Commission and in other written statements on related subjects. It is not possible to anticipate or foresee all risk factors, and investors should not consider any list of such factors to be an exhaustive or complete list of all risks or uncertainties.
Non-GAAP Financial Measures
This news release and the related conference call include presentation of Non-GAAP measures that include or exclude special items of a nonrecurring and/or nonoperational nature (hereinafter referred to as “special items”). Management believes that the Non-GAAP measures provide useful information to investors regarding the Company’s results of operations and financial condition because they permit a more meaningful comparison and understanding of Tennant Company’s operating performance for the current, past or future periods. Management uses these Non-GAAP measures to monitor and evaluate ongoing operating results and trends and to gain an understanding of the comparative operating performance of the Company.
The Company believes that disclosing S&A expense – as adjusted, S&A expense as a percent of net sales – as adjusted, operating income – as adjusted, operating margin – as adjusted, income before income taxes – as adjusted, income tax expense – as adjusted, net income – as adjusted, net income per diluted share – as adjusted, EBITDA – as adjusted, and EBITDA margin – as adjusted (collectively, the “Non-GAAP measures”), excluding the impacts from special items, is useful to investors as a measure of operating performance. The Company uses these measures to monitor and evaluate operating performance. The Non-GAAP measures are financial measures that do not reflect United States Generally Accepted Accounting Principles (GAAP). The Company calculates the Non-GAAP measures by adjusting for legal contingency costs, ERP modernization costs, ERP amortization costs, legal and financial advisory costs, restructuring-related costs, transaction and integration-related costs, equity method losses and amortization expense. The Company calculates income tax expense – as adjusted by adjusting for the tax effect of these Non-GAAP measures. The Company calculates net income per diluted share – as adjusted by adjusting for the after-tax effect of these Non-GAAP measures and dividing the result by the diluted weighted average shares outstanding. The Company calculates EBITDA margin – as adjusted by dividing EBITDA – as adjusted by net sales.
FINANCIAL TABLES FOLLOW
TENNANT COMPANY
CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
(In millions, except shares and per share data)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Net sales
$
324.0
$
318.6
$
621.9
$
608.6
Cost of sales
196.1
184.5
380.4
354.5
Gross profit
127.9
134.1
241.5
254.1
Selling and administrative expense
99.5
93.7
197.6
184.4
Research and development expense
12.5
9.8
23.1
19.5
Operating income
15.9
30.6
20.8
50.2
Interest expense, net
(4.3
)
(2.2
)
(7.7
)
(4.5
)
Net foreign currency transaction loss
(0.3
)
(0.8
)
(0.7
)
(1.0
)
Other expense, net
(1.0
)
(0.3
)
(1.2
)
(0.2
)
Income before income taxes
10.3
27.3
11.2
44.5
Income tax expense
2.7
7.1
3.4
11.2
Net income
$
7.6
$
20.2
$
7.8
$
33.3
Net income per share
Basic
$
0.44
$
1.10
$
0.45
$
1.79
Diluted
$
0.44
$
1.08
$
0.45
$
1.77
Weighted average shares outstanding
Basic
16,898,741
18,508,758
17,226,826
18,605,187
Diluted
17,171,367
18,687,918
17,456,349
18,820,298
GEOGRAPHICAL NET SALES(1) (Unaudited)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
% Change
2026
2025
% Change
Americas
$
218.7
$
213.5
2.4
%
$
412.7
$
410.8
0.5
%
Europe, Middle
East and Africa
86.5
84.7
2.1
%
173.4
160.7
7.9
%
Asia Pacific
18.8
20.4
(7.8
)%
35.8
37.1
(3.5
)%
Total
$
324.0
$
318.6
1.7
%
$
621.9
$
608.6
2.2
%
TENNANT COMPANY
CONSOLIDATED BALANCE SHEETS (Unaudited)
(In millions, except shares and per share data)
June 30,
2026
December 31,
2025
ASSETS
Cash and cash equivalents
$
76.9
$
106.4
Receivables, less allowances of $10.9 and $10.4, respectively
286.3
256.8
Inventories
201.9
198.5
Prepaid and other current assets
48.7
38.0
Total current assets
613.8
599.7
Property, plant and equipment, less accumulated depreciation of $301.7 and $289.0, respectively
187.7
189.8
Operating lease assets
54.4
56.9
Goodwill
208.3
208.6
Intangible assets, net
48.6
52.6
Other assets
158.0
161.3
Total assets
$
1,270.8
$
1,268.9
LIABILITIES AND EQUITY
Current portion of long-term debt
$
0.5
$
0.4
Accounts payable
112.9
127.5
Employee compensation and benefits
42.8
40.9
Other current liabilities
144.0
124.3
Total current liabilities
300.2
293.1
Long-term debt
358.4
273.2
Long-term operating lease liabilities
32.4
35.5
Employee benefits
16.0
15.7
Deferred income taxes
3.9
3.3
Other liabilities
24.7
44.7
Total long-term liabilities
435.4
372.4
Total liabilities
$
735.6
$
665.5
Common Stock, $0.375 par value; 60,000,000 shares authorized; 17,049,303 and 17,846,681 shares issued and outstanding, respectively
6.4
6.7
Additional paid-in capital
1.3
—
Retained earnings
564.4
628.1
Accumulated other comprehensive loss
(38.7
)
(33.2
)
Total Tennant Company shareholders' equity
533.4
601.6
Noncontrolling interest
1.8
1.8
Total equity
535.2
603.4
Total liabilities and total equity
$
1,270.8
$
1,268.9
TENNANT COMPANY
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
(In millions)
Six Months Ended
June 30,
2026
2025
OPERATING ACTIVITIES
Net income
$
7.8
$
33.3
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation expense
23.1
21.9
Amortization expense
6.8
6.8
Loss from equity method investments
0.5
—
Deferred income tax expense (benefit)
3.9
(0.2
)
Share-based compensation expense
3.6
5.8
Bad debt and returns expense
1.2
3.3
Other, net
0.4
0.3
Changes in operating assets and liabilities:
Receivables
(31.1
)
(2.4
)
Inventories
(18.3
)
(8.3
)
Accounts payable
(12.7
)
(6.2
)
Employee compensation and benefits
1.9
(13.9
)
Other assets and liabilities
(13.3
)
(18.3
)
Net cash (used in) provided by operating activities
(26.2
)
22.1
INVESTING ACTIVITIES
Purchases of property, plant and equipment
(8.5
)
(10.8
)
Payments made in connection with business acquisition, net of cash acquired
(7.2
)
—
Investment in leased assets
(0.2
)
(0.2
)
Cash received from leased assets
0.5
0.4
Net cash used in investing activities
(15.4
)
(10.6
)
FINANCING ACTIVITIES
Proceeds from borrowings
115.0
15.0
Repayments of borrowings
(30.0
)
(0.8
)
Repurchases from exercise of stock options, net of employee tax withholdings obligations of $3.2 and $2.9, respectively
(2.3
)
(2.4
)
Repurchases of common stock
(60.5
)
(33.6
)
Dividends paid
(10.8
)
(11.0
)
Net cash provided by (used in) financing activities
11.4
(32.8
)
Effect of exchange rate changes on cash and cash equivalents
0.7
1.6
Net decrease in cash and cash equivalents
(29.5
)
(19.7
)
Cash and cash equivalents at beginning of period
106.4
99.8
Cash and cash equivalents at end of period
$
76.9
$
80.1
TENNANT COMPANY
SUPPLEMENTAL NON-GAAP FINANCIAL TABLES
Reported to Adjusted Net Income and Net Income Per Share
(In millions, except per share data)
Three Months Ended June 30,
Six Months Ended June
30,
2026
2025
2026
2025
Net income - as reported
$
7.6
$
20.2
$
7.8
$
33.3
Adjustments:
Amortization expense
2.4
2.5
5.0
5.0
Restructuring-related charge (S&A expense) (2)
1.0
(0.3
)
1.4
0.8
ERP modernization costs (S&A expense) (3)
2.3
5.1
6.4
9.6
ERP amortization costs (S&A expense) (4)
0.5
—
1.0
—
Transaction and integration-related costs (S&A expense) (5)
0.1
—
0.2
—
Legal contingency costs (S&A expense) (6)
0.1
0.3
0.3
0.3
Legal and financial advisory costs (S&A expense) (7)
—
—
2.2
—
Equity method losses (Other expense, net) (8)
0.4
—
0.4
—
Net income - as adjusted
$
14.4
$
27.8
$
24.7
$
49.0
Net income per share - as reported:
Diluted
$
0.44
$
1.08
$
0.45
$
1.77
Adjustments:
Amortization expense
0.15
0.14
0.29
0.27
Restructuring-related charge (S&A expense) (2)
0.06
(0.02
)
0.08
0.04
ERP modernization costs (S&A expense) (3)
0.12
0.27
0.36
0.51
ERP amortization costs (S&A expense) (4)
0.03
—
0.06
—
Transaction and integration-related costs (S&A expense) (5)
0.01
—
0.01
—
Legal contingency costs (S&A expense) (6)
—
0.02
0.01
0.02
Legal and financial advisory costs (S&A expense) (7)
—
—
0.13
—
Equity method losses (Other expense, net) (8)
0.02
—
0.02
—
Net income per diluted share - as adjusted
$
0.83
$
1.49
$
1.41
$
2.60
TENNANT COMPANY SUPPLEMENTAL NON-GAAP FINANCIAL TABLES
Reported Net Income to Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization
(EBITDA)
(In millions)
Three Months Ended June
30,
Six Months Ended June
30,
2026
2025
2026
2025
Net income - as reported
$
7.6
$
20.2
$
7.8
$
33.3
Adjustments:
Interest expense, net
4.3
2.2
7.7
4.5
Income tax expense
2.7
7.1
3.4
11.2
Depreciation expense
11.7
11.3
23.1
21.9
Amortization expense
3.3
3.4
6.8
6.8
EBITDA
29.6
44.2
48.8
77.7
Adjustments:
Restructuring-related charge (S&A expense) (2)
1.3
(0.3
)
1.8
1.2
ERP modernization costs (S&A expense) (3)
2.8
6.7
8.4
12.7
ERP amortization costs (S&A expense) (4)
0.7
—
1.3
—
Transaction and integration-related costs (S&A expense) (5)
0.2
—
0.3
—
Legal contingency costs (S&A expense) (6)
0.2
0.4
0.4
0.4
Legal and financial advisory costs (S&A expense) (7)
—
—
2.9
—
Equity method losses (Other expense, net) (8)
0.5
—
0.5
—
EBITDA - as adjusted
$
35.3
$
51.0
$
64.4
$
92.0
EBITDA margin - as adjusted
10.9
%
16.0
%
10.4
%
15.1
%
TENNANT COMPANY SUPPLEMENTAL NON-GAAP FINANCIAL TABLES
Reported to Adjusted Selling and Administrative Expense (S&A expense) and Operating Income
(In millions)
Three Months Ended June
30,
Six Months Ended June
30,
2026
2025
2026
2025
S&A expense - as reported
$
99.5
$
93.7
$
197.6
$
184.4
S&A expense as a percent of net sales - as reported
30.7
%
29.4
%
31.8
%
30.3
%
Adjustments:
Restructuring-related charge (S&A expense) (2)
(1.3
)
0.3
(1.8
)
(1.2
)
ERP modernization costs (S&A expense) (3)
(2.8
)
(6.7
)
(8.4
)
(12.7
)
ERP amortization costs (S&A expense) (4)
(0.7
)
—
(1.3
)
—
Transaction and integration-related costs (S&A expense) (5)
(0.2
)
—
(0.3
)
—
Legal contingency costs (S&A expense) (6)
(0.2
)
(0.4
)
(0.4
)
(0.4
)
Legal and financial advisory costs (S&A expense) (7)
—
—
(2.9
)
—
S&A expense - as adjusted
$
94.3
$
86.9
$
182.5
$
170.1
S&A expense as a percent of net sales - as adjusted
29.1
%
27.3
%
29.3
%
27.9
%
Operating income - as reported
$
15.9
$
30.6
$
20.8
$
50.2
Operating margin - as reported
4.9
%
9.6
%
3.3
%
8.2
%
Adjustments:
Restructuring-related charge (S&A expense) (2)
1.3
(0.3
)
1.8
1.2
ERP modernization costs (S&A expense) (3)
2.8
6.7
8.4
12.7
ERP amortization costs (S&A expense) (4)
0.7
—
1.3
—
Transaction and integration-related costs (S&A expense) (5)
0.2
—
0.3
—
Legal contingency costs (S&A expense) (6)
0.2
0.4
0.4
0.4
Legal and financial advisory costs (S&A expense) (7)
—
—
2.9
—
Operating income - as adjusted
$
21.1
$
37.4
$
35.9
$
64.5
Operating margin - as adjusted
6.5
%
11.7
%
5.8
%
10.6
%
TENNANT COMPANY
SUPPLEMENTAL NON-GAAP FINANCIAL TABLES
Reported to Adjusted Other Expense, Net, Income Before Income Taxes and Income Tax Expense
(In millions)
Three Months Ended June
30,
Six Months Ended June
30,
2026
2025
2026
2025
Other expense, net - as reported
$
(1.0
)
$
(0.3
)
$
(1.2
)
$
(0.2
)
Adjustments:
Equity method losses (Other expense, net) (8)
0.5
—
0.5
—
Other expense, net - as adjusted
$
(0.5
)
$
(0.3
)
$
(0.7
)
$
(0.2
)
Income before income taxes - as reported
$
10.3
$
27.3
$
11.2
$
44.5
Adjustments:
Amortization expense
3.3
3.4
6.8
6.8
Restructuring-related charge (S&A expense) (2)
1.3
(0.3
)
1.8
1.2
ERP modernization costs (S&A expense) (3)
2.8
6.7
8.4
12.7
ERP amortization costs (S&A expense) (4)
0.7
—
1.3
—
Transaction and integration-related costs (S&A expense) (5)
0.2
—
0.3
—
Legal contingency costs (S&A expense) (6)
0.2
0.4
0.4
0.4
Legal and financial advisory costs (S&A expense) (7)
—
—
2.9
—
Equity method losses (Other expense, net) (8)
0.5
—
0.5
—
Income before income taxes - as adjusted
$
19.3
$
37.5
$
33.6
$
65.6
Income tax expense - as reported
$
2.7
$
7.1
$
3.4
$
11.2
Effective tax rate - as reported
26.3
%
26.0
%
30.5
%
25.2
%
Adjustments (9):
Amortization expense
0.9
0.9
1.8
1.8
Restructuring-related charge (S&A expense) (2)
0.3
—
0.4
0.4
ERP modernization costs (S&A expense) (3)
0.5
1.6
2.0
3.1
ERP amortization costs (S&A expense) (4)
0.2
—
0.3
—
Transaction and integration-related costs (S&A expense) (5)
0.1
—
0.1
—
Legal contingency costs (S&A expense) (6)
0.1
0.1
0.1
0.1
Legal and financial advisory costs (S&A expense) (7)
—
—
0.7
—
Equity method losses (Other expense net) (8)
0.1
—
0.1
—
Income tax expense - as adjusted
$
4.9
$
9.7
$
8.9
$
16.6
Effective tax rate - as adjusted
25.7
%
25.9
%
26.8
%
25.3
%
TENNANT COMPANY
SUPPLEMENTAL NON-GAAP FINANCIAL TABLES
Net Leverage Ratio Based on TTM Adjusted EBITDA
Adjusted Net Debt
(In millions)
June 30, 2026
December 31, 2025
Long-term debt
$
358.4
$
273.2
Current portion of long-term debt
0.5
0.4
Cash and cash equivalents
(76.9
)
(106.4
)
Adjusted net debt
$
282.0
$
167.2
Net Leverage Ratio
The following table shows the calculation of the net leverage ratio (in millions, except for the net leverage ratio).
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Redwire Corporation (NYSE:RDW, “Redwire” or the “Company”), a global leader in space and defense technology solutions, today announced results for its second quarter ended June 30, 2026.
“With new record highs for both revenue of $117.1 million and gross margin of 27.8%, Redwire’s second quarter of 2026 was defined by successful execution,” said Peter Cannito, Chairman, Chief Executive Officer, and President of Redwire. “With a record Backlog1 of $542.1 million and a strengthened balance sheet to enable strategic investments, Redwire is scaling to meet the strong demand we see for our mission critical space and defense tech offerings.”
Second Quarter 2026 Highlights
Announced key follow-on awards for Stalker Block 30 from both the Marine Corps Portfolio Acquisition Executive Robotic Autonomous Systems and the 1st Aviation Brigade, U.S. Army Aviation Center of Excellence. Awarded contracts to deliver Penguin uncrewed aerial systems across the globe, including a multi-year contract valued at high eight-figures from an undisclosed NATO country and a contract from Taiwan Color Optics, Inc. for the Taiwan Coast Guard. Delivered nearly 200 Octopus ISR payloads year-to-date, a more than 15% increase year-over-year, and announced two new Octopus products, the Octopus E140 MWIR and E180 HD MWIR. Completed on-orbit operations for pharmaceutical drug development investigations in partnership with researchers at Aspera Biomedicines, Bristol Myers Squibb, Rowan University, and Purdue University, marking more than 50 PIL-BOXes flown since the inaugural mission in November 2023. Subsequent to the end of the second quarter of 2026, held a grand opening in Georgetown, Indiana and announced a facility expansion in Huntsville, Alabama, bringing new capabilities and additional capacity online to support growth. Revenues increased 89.6% year-over-year to $117.1 million for the second quarter of 2026. Year-over-year improvement in gross margins to 27.8% for the second quarter of 2026 compared to (30.9)% for the second quarter of 2025. Net Loss improved by $56.0 million year-over-year to $(41.0) million for the second quarter of 2026. Adjusted EBITDA2 increased by $24.2 million year-over-year to $(3.2) million for the second quarter of 2026, inclusive of $12.5 million in Research and Development expense. Achieved Book-to-Bill3 ratio of 1.42 for the second quarter of 2026 with a meaningful year-over-year increase on a last twelve months basis to 1.52 as of the second quarter of 2026. Ended second quarter 2026 with total liquidity4 of $607.8 million, a 366.9% increase over the end of 2025. 2026 Forecast
For the full year ended December 31, 2026, Redwire reaffirms that it is forecasting revenues of $450 million to $500 million. “Consistent with our expectations, during the second quarter of 2026, Redwire expanded gross margins to 27.8%, and achieved sequential and year-over-year improvement in Adjusted EBITDA5 to $(3.2) million, while investing $12.5 million in Research and Development,” said Chris Edmunds, Chief Financial Officer of Redwire. “During the quarter we reduced the aggregate amount of our term loans from $90.0 million to $50.0 million and ended the quarter with record total liquidity4 of $607.8 million. With $214.0 million of recorded revenue during the first half of 2026 and Backlog3 providing significant visibility for the back half of the year, we are again pleased to reaffirm our 2026 revenue forecast.”
Webcast and Investor Call
Management will conduct a conference call starting at 9:00 a.m. ET on Thursday, August 6, 2026 to review financial results for the second quarter ended June 30, 2026. This release is available in the investor section of Redwire’s website at RDW.com.
Redwire will live stream a presentation with slides during the call. Please use the following link to follow along with the live stream: https://event.choruscall.com/mediaframe/webcast.html?webcastid=ITIRLOWy. The dial-in number for the live call is 877-485-3108 (toll free) or 201-689-8264 (toll), and the conference ID is 13761352.
A telephone replay of the call will be available for two weeks following the event by dialing 877-660-6853 (toll-free) or 201-612-7415 (toll) and entering the access code 13761352. The webcast replay and accompanying investor presentation will be available on August 6, 2026 in the investor section of Redwire’s website at RDW.com.
Any replay, rebroadcast, transcript or other reproduction or transmission of this conference call, other than the replay accessible by calling the number and website above, has not been authorized by Redwire and is strictly prohibited. Investors should be aware that any unauthorized reproduction of this conference call may not be an accurate reflection of its contents.
About Redwire Corporation
Redwire Corporation (NYSE:RDW) is an integrated space and defense tech company focused on advanced technologies. We are building the future of aerospace infrastructure, autonomous systems and multi-domain operations leveraging digital engineering and AI automation. Redwire’s approximately 1,400 employees located throughout North America and Europe are committed to delivering innovative space and airborne platforms transforming the future of multi-domain operations. For more information, please visit RDW.com.
Use of Projections
The financial outlook and projections, estimates and targets in this press release are forward-looking statements that are based on assumptions that are inherently subject to significant uncertainty and contingencies, many of which are beyond Redwire’s control. Redwire’s independent auditors have not audited, reviewed, compiled or performed any procedures with respect to the financial projections for purposes of inclusion in this press release, and, accordingly, they did not express an opinion or provide any other form of assurance with respect thereto for the purposes of this press release. While all financial projections, estimates and targets are necessarily speculative, Redwire believes that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection, estimate or target extends from the date of preparation. The assumptions and estimates underlying the projected, expected or target results for the Company are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the financial projections, estimates and targets. The inclusion of financial projections, estimates and targets in this press release should not be regarded as an indication that Redwire, or its representatives, considered or consider the financial projections, estimates or targets to be a reliable prediction of future events. Further, inclusion of the prospective financial information in this press release should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved.
Readers are cautioned that the statements contained in this press release regarding expectations of our performance or other matters that may affect our business, results of operations, or financial condition are “forward-looking statements” as defined by the “safe harbor” provisions in the Private Securities Litigation Reform Act of 1995. Such statements are made in reliance on the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included or incorporated in this press release, including statements regarding our strategy, financial projections, including the prospective financial information provided in this press release, financial position, funding for continued operations, cash reserves, liquidity, projected costs, plans, projects, awards and contracts, and objectives of management, among others, are forward-looking statements. Words such as “expect,” “anticipate,” “should,” “believe,” “target,” “continued,” “project,” “plan,” “opportunity,” “estimate,” “potential,” “predict,” “demonstrates,” “may,” “will,” “could,” “intend,” “shall,” “possible,” “forecast,” “trends,” “contemplate,” “would,” “approximately,” “likely,” “outlook,” “schedule,” “pipeline,” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are not guarantees of future performance, conditions or results. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control.
These factors and circumstances include, but are not limited to (1) risks associated with economic uncertainty, including high inflation, market volatility, and the potential worsening of macro-economic conditions; (2) geopolitical and macroeconomic events; (3) tariffs impacting demand for our products; (4) the failure of financial institutions or transactional counterparties; (5) our evolving industry, limited operating history since our acquisition of Redwire Defense Tech Intermediate Holdings, LLC and its subsidiaries (f/k/a Edge Autonomy Intermediate Holdings, LLC) (“Edge Autonomy”) and history of losses makes it difficult to evaluate our future prospects and the risks and challenges we may encounter; (6) the inability to successfully integrate recently completed and future acquisitions, including the recent acquisition of Edge Autonomy, or successfully select, execute or integrate future acquisitions into the business and realize the anticipated benefits or do so within the expected timeframe; (7) the development and continued refinement of many of Redwire’s proprietary technologies, products and service offerings; (8) competition with new or existing companies; (9) a limited number of customers make up a high percentage of our revenue; (10) potential litigation arising from time to time; (11) natural disasters, geopolitical conflicts, or other natural or man-made catastrophic events; (12) adverse publicity stemming from any incident or perceived risk involving Redwire or our competitors; (13) incurring significant risks and uncertainties not covered by insurance or indemnity; (14) failure to respond to industry cycles in terms of our cost structure, manufacturing capacity, and/or personnel needs; (15) customers unwillingness to adopt our core offerings; (16) delays in the development, design, engineering and manufacturing of our core offerings; (17) unsatisfactory performance of our core offerings; (18) impacts to our cash flows caused by our mix of fixed-price, cost-plus and time-and-material type contracts; (19) incurrence of expenditures prior to final receipt of a contract; (20) failure of new offerings and technologies to materialize; (21) the inability to convert orders in backlog into revenue; (22) the inability to properly manage the use of artificial intelligence in our business; (23) reliance on third-party launch vehicles to launch our spacecraft and customer payloads; (24) risk of an accident on launch or during a journey into space; (25) Redwire’s inability to meet expected financial results; (26) unfavorable changes in the proportion of cost-plus-fee or fixed-price contracts in our total contract mix and the resulting impact on our margins and operating results; (27) shorter lives than anticipated for our systems, products, technologies, services and related equipment; (28) cyber-attacks and other security threats and disruptions; (29) risks resulting from broader geographic operations; (30) impairment of goodwill; (31) inability to use net operating loss carryforwards and certain other tax attributes; (32) requirements of the National Industrial Security Program Operating Manual for our facility security clearance, which is a prerequisite to performing on classified contracts for the U.S. government; (33) changes to the U.S. government’s budget deficit and the national debt, as well as any inability of the U.S. government to complete its budget process for any government fiscal year, and any resulting government shutdowns; (34) dependence on U.S. government contracts; (35) disputes with our subcontractors or the inability of our subcontractors to perform, or of our key suppliers to timely deliver components, parts or services, resulting in our core offerings being produced or delivered in an untimely or unsatisfactory manner; (36) the potential application of U.S. foreign investment regulations to investments in us, which may impose conditions on or limit certain investors' ability to purchase our common stock, potentially making our common stock less attractive to investors; (37) Redwire is subject to stringent U.S. economic sanctions, and trade control laws and regulations, as well as risks related to doing business in other countries; (38) the wide variety of extensive and evolving government laws and regulations to which our business is subject, and the potential material adverse effect of any failure to comply with such laws and regulations; (39) the potential impact on our reputation and ability to do business resulting from improper conduct of our employees, agents or business partners; (40) failure to comply with federal, state and foreign laws and regulations relating to privacy, data protection and consumer protection, or the expansion of current or enactment of new laws or regulations relating to privacy, data protection and consumer protection, and the resulting adverse effect on our business and financial condition; (41) changes in tax laws or regulations and the resulting increase in tax uncertainty and adverse effect on our results of operations and effective tax rate; (42) failure to adequately protect our intellectual property rights; (43) potential violations of third-party proprietary rights by our technology; (44) failure to obtain necessary additional funding; (45) the possibility of sales of a substantial amount of our common stock by our current stockholders; (46) the inability to remain in compliance with the continued listing requirements of the New York Stock Exchange; (47) the issuance of additional common stock or other equity securities and the resulting dilution of our shareholders' ownership interests; (48) volatility in the trading price of our common stock; (49) our existing material weaknesses and the identification of material weaknesses of other deficiencies or failure to maintain effective internal controls over financial reporting and (50) other risks and uncertainties described in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and those indicated from time to time in other documents filed or to be filed with the Securities and Exchange Commission by Redwire. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. If underlying assumptions to forward-looking statements prove inaccurate, or if known or unknown risks or uncertainties materialize, actual results could vary materially from those anticipated, estimated, or projected. The forward-looking statements contained in this press release are made as of the date of this press release, and Redwire disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Persons reading this press release are cautioned not to place undue reliance on forward-looking statements.
Non-GAAP Financial Information
This press release contains financial measures that have not been prepared in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”). These financial measures include Adjusted EBITDA, Adjusted Gross Profit, Adjusted Gross Margin, Segment Adjusted EBITDA, Adjusted EPS and Free Cash Flow.
Non-GAAP financial measures are used to supplement the financial information presented on a U.S. GAAP basis and should not be considered in isolation or as a substitute for the relevant U.S. GAAP measures and should be read in conjunction with information presented on a U.S. GAAP basis. Because not all companies use identical calculations, our presentation of Non-GAAP measures may not be comparable to other similarly titled measures of other companies. We encourage investors and stockholders to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure.
Adjusted EBITDA is defined as net income (loss) adjusted for interest expense, net, income tax expense (benefit), depreciation and amortization, impairment expense, transaction expenses, acquisition integration costs, acquisition earnout costs, purchase accounting fair value adjustment related to deferred revenue and inventory, severance costs, capital market and advisory fees, disposal of long-lived assets, litigation-related expenses, equity-based compensation, committed equity facility transaction costs, debt financing costs and extinguishment losses, gains on sale of joint ventures, net of costs incurred, and warrant liability change in fair value adjustment.
Adjusted Gross Profit is defined as revenues less cost of sales as computed in accordance with U.S. GAAP, excluding adjustments resulting from the application of purchase accounting included in cost of sales and Adjusted Gross Margin is defined as Adjusted Gross Profit as a percentage of revenue. Management believes these non-GAAP measures provide investors meaningful insight into results from ongoing operations as the calculation of these measures excludes the impact of certain non-recurring charges. Management believes that by using Adjusted Gross Margin in conjunction with GAAP Gross Margin, investors will get a more complete view of what management considers to be the Company’s core operating performance and allow for comparison of this measure when compared to those of prior periods.
Segment Adjusted EBITDA is defined as income (loss) before taxes, excluding, depreciation and amortization, impairment expense, transaction expenses, acquisition integration costs, acquisition earnout costs, purchase accounting fair value adjustment related to deferred revenue and inventory, severance costs, disposal of long-lived assets, equity-based compensation and gains on sale of joint ventures, net of costs incurred. Segment Adjusted EBITDA also excludes intra- and inter-segment sales and costs and corporate pushdown costs.
Adjusted EPS is defined as U.S. GAAP diluted earnings per share (the most directly comparable U.S. GAAP measure) before transaction expenses, acquisition integration costs, purchase accounting fair value adjustment related to deferred revenue and inventory, litigation expenses, equity-based compensation, debt financing costs and extinguishment losses and changes in fair value of private warrants, adjusted to assume the Company’s Convertible Preferred Stock does not exist. Adjusted EPS is a useful measure because it eliminates the impact of infrequent or non-recurring items that do not relate to operational performance and provides additional information to investors about certain material non-cash items that we do not expect to continue at the same level in the future.
Free Cash Flow is computed as net cash provided by (used in) operating activities less capital expenditures.
We use Adjusted EBITDA, Adjusted Gross Profit, Adjusted Gross Margin, Segment Adjusted EBITDA, and Adjusted EPS to evaluate our operating performance, generate future operating plans, and make strategic decisions, including those relating to operating expenses and the allocation of internal resources. We use Free Cash Flow as an indicator of liquidity to evaluate our period-over-period operating cash generation that will be used to service our debt, and can be used to invest in future growth through new business development activities and/or acquisitions, among other uses. Free Cash Flow does not represent the total increase or decrease in our cash balance, and it should not be inferred that the entire amount of Free Cash Flow is available for discretionary expenditures, since we have mandatory debt service requirements and other non-discretionary expenditures that are not deducted from this measure.
Key Performance Indicators
Management uses Key Performance Indicators (“KPIs”) to assess the financial performance of the Company, monitor relevant trends and support financial, operational and strategic decision-making. Management frequently monitors and evaluates KPIs against internal targets, core business objectives as well as industry peers and may, on occasion, change the mix or calculation of KPIs to better align with the business, its operating environment, standard industry metrics or other considerations. If the Company changes the method by which it calculates or presents a KPI, prior period disclosures are recast to conform to current presentation.
REDWIRE CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
Unaudited
(In thousands of U.S. dollars, except share data)
June 30, 2026
December 31, 2025
Current assets:
Cash, cash equivalents and restricted cash
$
557,718
$
95,183
Accounts receivable, net
27,495
37,251
Contract assets
72,045
44,019
Inventory, net
85,364
55,847
Prepaid expenses and other current assets
18,538
20,512
Total current assets
761,160
252,812
Property, plant and equipment, net of accumulated depreciation of $20,013 and $14,558
56,092
49,199
Right-of-use assets
34,390
31,741
Intangible assets, net of accumulated amortization of $62,817 and $46,192
319,104
336,153
Goodwill
772,170
779,114
Other non-current assets
428
118
Total assets
$
1,943,344
$
1,449,137
Liabilities, Convertible Preferred Stock and Equity (Deficit)
Current liabilities:
Accounts payable
$
54,158
$
32,295
Notes payable to sellers
3,171
2,171
Short-term debt, including current portion of long-term debt
4,500
5,162
Short-term operating lease liabilities
4,545
4,088
Short-term finance lease liabilities
611
595
Accrued expenses
29,715
32,034
Deferred revenue
84,970
60,119
Other current liabilities
12,568
19,150
Total current liabilities
194,238
155,614
Long-term debt, net
43,561
80,036
Long-term operating lease liabilities
32,698
30,471
Long-term finance lease liabilities
1,189
1,276
Warrant liabilities
692
4,213
Deferred tax liabilities
39,885
38,358
Other non-current liabilities
1,224
2,119
Total liabilities
$
313,487
$
312,087
Convertible preferred stock, $0.0001 par value, 125,292.00 shares authorized; issued and outstanding: 2026—none and 2025—46,505.13. Liquidation preference: 2026—none and 2025—$118,434
$
—
$
77,034
Shareholders’ Equity (Deficit):
Preferred stock, $0.0001 par value, 99,874,708 shares authorized; none issued and outstanding
—
—
Common stock, $0.0001 par value, 500,000,000 shares authorized; issued and outstanding 2026—249,221,102 and 2025—191,915,804
25
19
Treasury stock, at cost: 2026—1,036,294 shares and 2025—1,036,294 shares
(7,342
)
(7,342
)
Additional paid-in capital
2,377,689
1,678,799
Accumulated deficit
(739,235
)
(621,762
)
Accumulated other comprehensive income (loss)
(1,280
)
10,302
Total shareholders’ equity (deficit)
1,629,857
1,060,016
Total liabilities, convertible preferred stock and equity (deficit)
$
1,943,344
$
1,449,137
REDWIRE CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
Unaudited
(In thousands of U.S. dollars, except share and per share data)
Three Months Ended
Six Months Ended
June 30, 2026
June 30, 2025
June 30, 2026
June 30, 2025
Revenues
$
117,074
$
61,760
$
214,046
$
123,155
Cost of sales
84,530
80,824
155,694
133,178
Gross profit
32,544
(19,064
)
58,352
(10,023
)
Operating expenses:
Selling, general and administrative expenses
42,076
54,464
124,963
73,210
Transaction expenses
11
16,643
51
20,442
Research and development
12,547
1,720
25,129
2,533
Operating income (loss)
(22,090
)
(91,891
)
(91,791
)
(106,208
)
Interest expense, net
796
23,755
3,263
27,349
Loss on extinguishment of debt
1,186
—
3,731
—
Other (income) expense, net
15,037
13,937
16,185
(844
)
Income (loss) before income taxes
(39,109
)
(129,583
)
(114,970
)
(132,713
)
Income tax expense (benefit)
1,862
(32,604
)
2,503
(32,786
)
Net income (loss)
(40,971
)
(96,979
)
(117,473
)
(99,927
)
Less: dividends on Convertible Preferred Stock
504
29,739
2,016
33,179
Net income (loss) available to common shareholders
$
(41,475
)
$
(126,718
)
$
(119,489
)
$
(133,106
)
Net income (loss) per common share:
Basic and diluted
$
(0.19
)
$
(1.41
)
$
(0.58
)
$
(1.66
)
Weighted-average shares outstanding:
Basic and diluted
220,466,669
89,554,940
207,143,490
80,424,270
Comprehensive income (loss):
Net income (loss)
$
(40,971
)
$
(96,979
)
$
(117,473
)
$
(99,927
)
Foreign currency translation gain (loss), net of tax
(5,157
)
10,174
(11,582
)
11,009
Total other comprehensive income (loss), net of tax
(5,157
)
10,174
(11,582
)
11,009
Total comprehensive income (loss)
$
(46,128
)
$
(86,805
)
$
(129,055
)
$
(88,918
)
REDWIRE CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Unaudited
(In thousands of U.S. dollars)
Six Months Ended
June 30, 2026
June 30, 2025
Cash flows from operating activities:
Net income (loss)
$
(117,473
)
$
(99,927
)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization expense
22,710
8,106
Amortization of debt issuance costs and discount
657
642
Equity-based compensation expense
50,635
35,598
Loss on extinguishment of debt
3,731
—
(Gain) loss on change in fair value of warrants
14,787
2,692
Deferred provision (benefit) for income taxes
2,485
(32,069
)
Other
1,961
(3,677
)
Changes in assets and liabilities:
(Increase) decrease in accounts receivable
9,553
(3,468
)
(Increase) decrease in contract assets
(28,388
)
(5,724
)
(Increase) decrease in inventory
(30,170
)
1,449
(Increase) decrease in prepaid expenses and other assets
68
(3,024
)
Increase (decrease) in accounts payable and accrued expenses
19,358
(5,586
)
Increase (decrease) in deferred revenue
25,344
(28,433
)
Increase (decrease) in operating lease liabilities
(427
)
(55
)
Increase (decrease) in other liabilities
(7,433
)
732
Increase (decrease) in notes payable to sellers
1,000
—
Net cash provided by (used in) operating activities
(31,602
)
(132,744
)
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired
—
(151,791
)
Purchases of property, plant and equipment
(13,287
)
(4,752
)
Purchase of intangible assets
(3,154
)
(5,186
)
Net cash provided by (used in) investing activities
(16,441
)
(161,729
)
Cash flows from financing activities:
Proceeds received from debt
89,728
190,327
Repayments of debt
(129,537
)
(125,876
)
Payment of debt issuance fees
(1,914
)
(105
)
Repayment of finance leases
(294
)
(227
)
Proceeds from (repayment of) third-party advances
—
(7,820
)
Proceeds from issuance of common stock
566,243
328,684
Payment of equity issuance costs
(13,881
)
—
Proceeds from common stock issued for options exercise
4,155
—
Shares repurchased for settlement of employee tax withholdings on share-based awards
—
(8
)
Convertible preferred stock dividend
(3,039
)
—
Repurchase of convertible preferred stock
—
(61,486
)
Net cash provided by (used in) financing activities
511,461
323,489
Effect of foreign currency rate changes on cash, cash equivalents and restricted cash
(883
)
472
Net increase (decrease) in cash, cash equivalents and restricted cash
462,535
29,488
Cash, cash equivalents and restricted cash at beginning of period
95,183
49,071
Cash, cash equivalents and restricted cash at end of period
$
557,718
$
78,559
REDWIRE CORPORATION
Reportable Segment Results
Unaudited
(In thousands of U.S. dollars)
Three Months Ended
Six Months Ended
June 30, 2026
June 30, 2025
June 30, 2026
June 30, 2025
Revenues
Space
$
55,192
$
56,682
$
107,859
$
108,815
Defense Tech
61,882
5,078
106,187
14,340
Total revenues
$
117,074
$
61,760
$
214,046
$
123,155
Segment Adjusted EBITDA
Space
$
(4,203
)
$
1,040
$
(5,732
)
$
8,484
Defense Tech
14,083
(15,041
)
19,481
(12,614
)
Total Segment Adjusted EBITDA
$
9,880
$
(14,001
)
$
13,749
$
(4,130
)
Reconciliation of Segment Adjusted EBITDA to consolidated net income (loss):
Interest expense, net
(796
)
(23,755
)
(3,263
)
(27,349
)
Depreciation and amortization expense
(11,460
)
(5,060
)
(22,710
)
(8,106
)
Severance costs
(294
)
(1,999
)
(556
)
(2,176
)
Equity-based compensation expense
(3,900
)
(32,686
)
(50,635
)
(35,598
)
Transaction expenses
(11
)
(16,643
)
(51
)
(20,442
)
All other corporate charges(1)
(30,800
)
(32,459
)
(46,626
)
(31,932
)
Debt financing costs and extinguishment losses
(1,260
)
(105
)
(4,185
)
(105
)
Purchase accounting fair value adjustment related to inventory
—
(2,418
)
—
(2,418
)
Acquisition integration cost
(259
)
(457
)
(484
)
(457
)
Disposal of long-lived assets
(209
)
—
(209
)
—
Income (loss) before income taxes
$
(39,109
)
$
(129,583
)
$
(114,970
)
$
(132,713
)
(1) All other corporate charges mainly consists of corporate overhead costs maintained at the corporate level, including gains and losses related to financial instruments measured at fair value. These expenses include costs relating to treasury, accounting, consulting, advisory, legal, tax and audit, insurance, financial reporting services and various administrative expenses related to the corporate headquarters.
REDWIRE CORPORATION
Supplemental Non-GAAP Information
Unaudited
Adjusted EBITDA
The following table presents the reconciliations of Adjusted EBITDA to net income (loss), computed in accordance with U.S. GAAP.
Three Months Ended
Six Months Ended
(in thousands)
June 30, 2026
June 30, 2025
June 30, 2026
June 30, 2025
Net income (loss)
$
(40,971
)
$
(96,979
)
$
(117,473
)
$
(99,927
)
Interest expense, net
796
23,755
3,263
27,349
Income tax expense (benefit)
1,862
(32,604
)
2,503
(32,786
)
Depreciation and amortization
11,460
5,060
22,710
8,106
Transaction expenses (i)
11
16,643
51
20,442
Acquisition integration costs (i)
259
457
484
457
Purchase accounting fair value adjustment related to inventory (ii)
—
2,418
—
2,418
Severance costs (iii)
294
1,999
556
2,176
Capital market and advisory fees (iv)
2,742
2,740
4,757
3,708
Disposal of long-lived assets (v)
209
—
209
—
Litigation-related expenses (vi)
477
—
903
—
Equity-based compensation (vii)
3,900
32,686
50,635
35,598
Debt financing costs and extinguishment loss (viii)
1,260
105
4,185
105
Warrant liability change in fair value adjustment (ix)
14,469
16,326
14,787
2,692
Adjusted EBITDA
$
(3,232
)
$
(27,394
)
$
(12,430
)
$
(29,662
)
i.
Redwire incurred acquisition costs including due diligence, integration costs and additional expenses related to pre-acquisition activity.
ii.
Redwire adjusted inventory related to the application of purchase accounting for the Edge Autonomy acquisition and recognized expense for the amount of the fair value adjustment included in cost of sales for the inventory sold after the acquisition date.
iii.
Redwire incurred severance costs related to separation agreements entered into with former employees.
iv.
Redwire incurred capital market and advisory fees related to advisors assisting with the implementation of internal controls over financial reporting, including material weakness remediation efforts, and the internalization of corporate services, including, but not limited to, implementing enhanced enterprise resource planning systems across U.S. and foreign operations.
v.
Redwire incurred a loss on the disposal of long-lived assets.
vi.
Redwire incurred expenses related to settlements of legal matters.
vii.
Redwire incurred expenses related to equity-based compensation under Redwire’s equity-based compensation plan and Edge Autonomy’s incentive units.
viii.
Redwire incurred expenses related to debt financing agreements, including amendment related fees paid to third parties that are expensed in accordance with U.S. GAAP and losses on debt extinguishments.
ix.
Redwire adjusted the private warrant liability to reflect changes in fair value recognized as a gain or loss during the respective periods.
REDWIRE CORPORATION
Supplemental Non-GAAP Information
Unaudited
Adjusted Gross Profit and Margin
The following table presents the reconciliation of Adjusted Gross Profit to Gross Profit, computed in accordance with U.S. GAAP, and the calculation of Adjusted Gross Margin.
Three Months Ended
Six Months Ended
(in thousands)
June 30, 2026
June 30, 2025
June 30, 2026
June 30, 2025
Gross Profit
$
32,544
$
(19,064
)
$
58,352
$
(10,023
)
Purchase accounting adjustments(1)
—
2,418
—
2,418
Adjusted Gross Profit
$
32,544
$
(16,646
)
$
58,352
$
(7,605
)
Adjusted Gross Margin
27.8
%
(27.0
)%
27.3
%
(6.2
)%
(1) Relates to the application of purchase accounting for the Edge Autonomy acquisition and represents the amount of the fair value adjustment recognized in cost of sales for the inventory sold after the acquisition date.
Free Cash Flow
The following table presents the reconciliation of Free Cash Flow to Net cash provided by (used in) operating activities, computed in accordance with U.S. GAAP.
Three Months Ended
Six Months Ended
(in thousands)
June 30, 2026
June 30, 2025
June 30, 2026
June 30, 2025
Net cash provided by (used in) operating activities
$
(24,936
)
$
(87,663
)
$
(31,602
)
$
(132,744
)
Less: Capital expenditures
(10,405
)
(5,883
)
(16,441
)
(9,938
)
Free Cash Flow
$
(35,341
)
$
(93,546
)
$
(48,043
)
$
(142,682
)
Adjusted EPS
The table below presents a reconciliation of Adjusted EPS to diluted EPS, computed in accordance with U.S. GAAP for the following periods:
Three Months Ended
Six Months Ended
June 30, 2026
June 30, 2025
June 30, 2026
June 30, 2025
Diluted EPS
$
(0.19
)
$
(1.41
)
$
(0.58
)
$
(1.66
)
Dividends on convertible preferred stock
—
0.33
0.01
0.41
Transaction expenses (i)
—
0.19
—
0.25
Acquisition integration costs (i)
—
0.01
—
0.01
Purchase accounting fair value adjustment (ii)
—
0.03
—
0.03
Litigation-related expenses (iii)
—
—
—
—
Equity-based compensation (iv)
0.02
0.36
0.24
0.44
Debt financing costs and extinguishment losses (v)
0.01
—
0.02
—
Warrant liability change in fair value adjustment (vi)
0.07
0.18
0.07
0.03
Adjusted EPS
$
(0.09
)
$
(0.31
)
$
(0.24
)
$
(0.49
)
i.
Redwire incurred acquisition costs including due diligence, integration costs and additional expenses related to pre-acquisition activity.
ii.
Redwire adjusted inventory related to the application of purchase accounting for the Edge Autonomy acquisition and recognized expense for the amount of the fair value adjustment included in cost of sales for the inventory sold after the acquisition date.
iii.
Redwire incurred expenses related to settlements of legal matters.
iv.
Redwire incurred expenses related to equity-based compensation under Redwire’s equity-based compensation plan and Edge Autonomy’s incentive units.
v.
Redwire incurred expenses related to debt financing agreements, including amendment related fees paid to third parties that are expensed in accordance with U.S. GAAP, and losses on debt extinguishments.
vi.
Redwire adjusted the private warrant liability to reflect changes in fair value recognized as a gain or loss during the respective periods.
REDWIRE CORPORATION
KEY PERFORMANCE INDICATORS
Unaudited
Book-to-Bill
Our book-to-bill ratio was as follows for the periods presented:
Three Months Ended
Last Twelve Months Ended
(in thousands, except ratio)
June 30, 2026
June 30, 2025
June 30, 2026
June 30, 2025
Contracts awarded
Space
$
20,648
$
9,537
$
309,733
$
138,789
Defense Tech
145,139
81,026
337,255
88,269
Total contracts awarded
$
165,787
$
90,563
$
646,988
$
227,058
Revenues
Space
$
55,192
$
56,682
$
208,871
$
220,304
Defense Tech
61,882
5,078
217,401
41,049
Total revenues
$
117,074
$
61,760
$
426,272
$
261,353
Book-to-bill ratio
Space
0.37
0.17
1.48
0.63
Defense Tech
2.35
15.96
1.55
2.15
Total book-to-bill ratio
1.42
1.47
1.52
0.87
Book-to-bill is the ratio of total contracts awarded to revenues recorded in the same period. The contracts awarded balance includes firm contract orders, including time-and-material contracts, awarded during the period and does not include unexercised contract options or potential orders under indefinite delivery/indefinite quantity contracts. Although the contracts awarded balance reflects firm contract orders, terminations, amendments, or contract cancellations may occur which could result in a reduction to the contracts awarded balance.
We view book-to-bill as an indicator of future revenue growth potential. To drive future revenue growth, our goal is for the level of contracts awarded in a given period to exceed the revenue recorded, thus yielding a book-to-bill ratio greater than 1.0.
Our book-to-bill ratio was 1.42 for the three months ended June 30, 2026, as compared to 1.47 for the three months ended June 30, 2025. For the three months ended June 30, 2026 none of the contracts awarded balance relates to acquired contract value. For the three months ended June 30, 2025, the contracts awarded includes $73.7 million of acquired contract value from the Edge Autonomy acquisition.
Our book-to-bill ratio was 1.52 for the Last Twelve Months (“LTM”) ended June 30, 2026, as compared to 0.87 for the LTM ended June 30, 2025. For the LTM ended June 30, 2026 none of the contracts awarded balance relates to acquired contract value. For the LTM ended June 30, 2025, contracts awarded includes $73.7 million of acquired contract value from the Edge Autonomy acquisition, which was completed in the second quarter of 2025 and included in the Defense Tech segment, and $21.9 million of acquired contract value from the Hera Systems acquisition, which was completed in the third quarter of 2024, and included in the Space segment.
Backlog
The following table presents our contracted backlog as of June 30, 2026 and December 31, 2025, and related activity for the six months ended June 30, 2026 as compared to the year ended December 31, 2025.
We view growth in backlog as a key measure of our business growth. Contracted backlog represents the estimated dollar value of firm funded executed contracts for which work has not been performed (also known as the remaining performance obligations on a contract). Our contracted backlog includes $186.2 million and $81.0 million in remaining contract value from contracts which recognize revenue at a point in time as of June 30, 2026 and as of December 31, 2025, respectively.
Organic backlog change excludes backlog activity from acquisitions for the first four full quarters since the entities’ acquisition date. Contracted backlog activity for the first four full quarters since the entities’ acquisition date is included in acquisition-related contracted backlog change. After the completion of four fiscal quarters, acquired entities are treated as organic for current and comparable historical periods.
Organic contract value includes the remaining contract value as of January 1 not yet recognized as revenue and additional orders awarded during the period for those entities treated as organic. Acquisition-related contract value includes remaining contract value as of the acquisition date not yet recognized as revenue and additional orders awarded during the period for entities not treated as organic. Organic revenue includes revenue earned during the period presented for those entities treated as organic, while acquisition-related revenue includes the same for all other entities, excluding any pre-acquisition revenue earned during the period. There is no acquisition-related backlog activity presented in the table above as all acquired entities have completed four fiscal quarters post-acquisition.
Although contracted backlog reflects business associated with contracts that are considered to be firm, terminations, amendments or contract cancellations may occur, which could result in a reduction in our total backlog. In addition, some of our multi-year contracts are subject to annual funding. Management expects all amounts reflected in contracted backlog to ultimately be fully funded. Contracted backlog from foreign operations was $229.0 million and $193.1 million as of June 30, 2026 and December 31, 2025, respectively. These amounts are primarily subject to foreign exchange rate translations from their respective local currencies to U.S. dollars that could cause the remaining backlog balance to fluctuate with the foreign exchange rate at the time of measurement.
Grupo Aeroportuario del Pacífico v červenci zvýšil celkový počet cestujících o 1,2 % meziročně na 5,836 milionu. Mexická letiště vzrostla o 3,9 %, zatímco Jamajka klesla o 5,3 %.
GUADALAJARA, Mexico, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces preliminary terminal passenger traffic figures for July 2026, compared with July 2025.
During July 2026, the 12 Mexican airports operated by GAP recorded a 3.9% increase in total passenger traffic compared to July 2025. Guadalajara and Tijuana airports reported an increase of 13.2% and 7.2%, respectively, while Puerto Vallarta and Los Cabos reported a decrease of 12.1% and 6.9%, respectively, compared to July 2025. With respect to GAP’s airports in Jamaica, Kingston recorded an increase of 2.9%, while Montego Bay Kingston recorded a decrease of 26.6%.
Domestic Terminal Passengers (in thousands):
AirportJul-25Jul-26% ChangeJan - Jul 25Jan - Jul 26% ChangeGuadalajara1,092.51,225.612.2%7,204.67,447.23.4%Tijuana*776.3811.64.6%4,972.94,753.8(4.4%)Los Cabos282.9302.67.0%1,691.51,654.2(2.2%)Puerto Vallarta321.5323.30.6%1,805.41,747.3(3.2%)Montego Bay0.00.0(100.0%)0.00.0(100.0%)Guanajuato204.0212.74.3%1,296.41,257.4(3.0%)Hermosillo195.6182.1(6.9%)1,249.81,159.8(7.2%)Kingston0.10.1(48.5%)0.30.9208.6%Morelia76.374.3(2.5%)435.5439.00.8%La Paz126.4141.411.9%735.1812.910.6%Mexicali121.4111.1(8.5%)720.2635.4(11.8%)Aguascalientes59.568.915.8%378.7368.6(2.7%)Los Mochis61.766.06.9%406.1404.8(0.3%)Manzanillo11.613.415.1%77.774.7(3.9%)Total3,329.83,533.06.1%20,974.320,755.9(1.0%) International Terminal Passengers (in thousands):
AirportJul-25Jul-26% ChangeJan - Jul 25Jan - Jul 26% ChangeGuadalajara563.9649.715.2%3,458.13,640.85.3%Tijuana*379.1427.212.7%2,445.72,274.8(7.0%)Los Cabos403.9336.9(16.6%)3,011.12,793.9(7.2%)Puerto Vallarta229.1160.9(29.8%)2,550.72,058.9(19.3%)Montego Bay510.6374.8(26.6%)3,114.22,284.1(26.7%)Guanajuato108.7102.1(6.1%)624.5582.1(6.8%)Hermosillo6.87.611.4%47.050.98.4%Kingston191.8197.43.0%1,073.31,047.6(2.4%)Morelia71.976.56.4%401.9483.920.4%La Paz2.53.124.2%20.128.541.6%Mexicali0.80.84.2%4.44.52.9%Aguascalientes32.431.2(3.7%)188.5193.42.6%Los Mochis0.91.232.0%4.85.28.2%Manzanillo4.03.5(12.3%)66.156.5(14.6%)Total2,506.22,372.9(5.3%)17,010.415,505.0(8.9%) Total Terminal Passengers (in thousands):
AirportJul-25Jul-26% ChangeJan - Jul 25Jan - Jul 26% ChangeGuadalajara1,656.41,875.413.2%10,662.711,088.04.0%Tijuana*1,155.31,238.87.2%7,418.77,028.6(5.3%)Los Cabos686.8639.5(6.9%)4,702.74,448.1(5.4%)Puerto Vallarta550.6484.2(12.1%)4,356.13,806.1(12.6%)Montego Bay510.6374.8(26.6%)3,114.22,284.1(26.7%)Guanajuato312.8314.80.7%1,920.81,839.5(4.2%)Hermosillo202.5189.7(6.3%)1,296.71,210.7(6.6%)Kingston191.9197.52.9%1,073.61,048.5(2.3%)Morelia148.1150.81.8%837.4922.910.2%La Paz128.9144.512.1%755.3841.411.4%Mexicali122.2111.9(8.4%)724.6639.9(11.7%)Aguascalientes91.8100.08.9%567.2562.0(0.9%)Los Mochis62.667.27.3%410.9409.9(0.2%)Manzanillo15.616.88.1%143.9131.2(8.8%)Total5,836.05,906.01.2%37,984.736,260.9(4.5%) *Passengers in Tijuana who use CBX in both directions are classified as international.
CBX users (in thousands):
AirportJul-25Jul-26% ChangeJan - Jul 25Jan - Jul 26% ChangeTijuana371.6421.613.4%2,401.22,243.7(6.6%) Highlights for the month:
Seats and load factors
The seats available during July 2026 increased by 0.7%, compared to July 2025. The load factors for the month went from 84.8% in July 2025 to 85.2% in July 2026.
New routes Guanajuato - Santa Lucia: MexicanaHermosillo - Santa Lucia: MexicanaManzanillo – Santa Lucia: VivaMontego Bay - Guadeloupe: Liat Air
Company Description
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019.
This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at [email protected]. GAP’s Audit Committee will be notified of all complaints for immediate investigation.
Figma stock is taking a hit today. What’s weighing on FIG shares? Figma Q2 HighlightsFigma reported second-quarter revenue of $370.08 million, beating estimates of $351.56 million, per Benzinga Pro. The collaborative web-based software company reported adjusted earnings of eight cents per share, beating estimates of four cents per share.
Total revenue was up 48% year-over-year. Figma generated $60.9 million of net cash from operations and $53.2 million of free cash flow during the quarter.
“Q2 was Figma’s third straight quarter of accelerated revenue growth, and as code gets commoditized and value moves up the stack, the opportunity ahead of us has only grown,” said Dylan Field, CEO of Figma.
Figma had 15,964 paid customers with more than $10,000 in ARR and 1,635 paid customers with more than $100,000 in ARR as of June 30.
Figma said it expects third-quarter revenue to be in the range of $373 million to $375 million versus estimates of $364.87 million. The company also raised its full-year revenue outlook from a range of $1.422 billion to $1.428 billion to a new range of $1.463 billion to $1.467 billion, versus estimates of $1.437 billion.
“Net Dollar Retention Rate remained strong at 136% as customers expanded both seats and AI credit add-ons. The strength of these signals gives us the confidence to raise our full year revenue outlook while continuing to invest behind the products we introduced at Config,” said Praveer Melwani, CFO of Figma.
Figma executives will further discuss the quarter on an earnings call set for 5 p.m. ET.
FIG Shares Face Heavy Selling PressureFIG Price Action: Figma shares were down 16.52% in after-hours Wednesday, trading at $23.50 at the time of publication, according to Benzinga Pro.
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Copa Holdings ve 2Q26 zvýšila celkové provozní tržby o 25,7 % na 1,059 mld. USD, ale čistý zisk klesl na 68,2 mil. USD kvůli vyšším cenám leteckého paliva.
August 05, 2026 17:00 ET | Source: Copa Holdings, S.A.
PANAMA CITY, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Copa Holdings1, S.A. (NYSE: CPA), today announced financial results for the second quarter (2Q26), reflecting the resilience of the Company's business model and disciplined execution amid a significantly higher jet fuel price environment. Key highlights include:
Operating profit of US$91.7 million and an operating margin of 8.7%, a 13.1 percentage point decrease year over year.Net profit of US$68.2 million or US$1.67 per share, a 53.9% year‑over‑year decrease in earnings per share.Operating revenue increased 25.7% year over year.Passenger yields increased 8.7% year over year to 12.6 cents, and revenue per available seat mile (RASM) increased 7.9% to 11.6 cents compared to 2Q25, while capacity in ASMs increased by 16.5% year over year.Load factor of 86.7%, compared to 87.3% in 2Q25.Operating cost per available seat mile excluding fuel (Ex-Fuel CASM) decreased 0.1% year over year to 5.7 cents.The Company ended the quarter with approximately US$1.5 billion in cash, short-term and long-term investments, which represent 39% of the last twelve-month revenues.The Company ended 2Q26 with a Net Debt-to-EBITDA ratio of 0.9x.During the quarter, the Company took delivery of 4 Boeing 737-MAX 8 aircraft to end the quarter with a total fleet of 131 aircraft.Copa Airlines had an on-time performance for the quarter of 90.6% and a flight completion factor of 99.8%, once again positioning the airline among the best in the industry. Subsequent events
On August 5, 2026, the Board of Directors of Copa Holdings ratified its third dividend payment for the year of US$1.71 per share. Dividends will be paid on September 15, 2026, to shareholders on record as of August 31, 2026.On July 4, 2026, Copa Airlines operated its first flight equipped with Starlink onboard internet, becoming the first airline in Latin America to offer high-speed Starlink connectivity. The Company expects to complete the installation of Starlink Wi-Fi across its entire fleet by the first half of 2027.In July, Copa Airlines published schedules reflecting its transition from six to eight connecting banks at its Hub of the Americas® in Panama City. This new bank structure, starting in March 2027, will provide passengers with greater flight options and improved connectivity while increasing aircraft utilization and better use of airport facilities, thereby further consolidating the leadership position of the Hub of the Americas® in the region. __________________________________
1 The terms “Copa Holdings” and the “Company” refer to the consolidated entity. The financial information presented in this release, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS). See the accompanying reconciliation of non-IFRS financial information to IFRS financial information included in the financial tables section of this earnings release. Unless otherwise stated, all comparisons with prior periods refer to the second quarter of 2025 (2Q25).
Full 2Q26 Earnings Release available for download at:
The Company will hold its financial results conference call tomorrow at 11am ET (10am local). Details follow:
About Copa Holdings
Copa Holdings is a leading Latin American provider of passenger and cargo services. The Company, through its operating subsidiaries, provides service to over 30 countries in North, Central, and South America and the Caribbean. For more information, visit: www.copaair.com.
This release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current plans, estimates, and expectations, and are not guarantees of future performance. They are based on management’s expectations that involve several business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statement. The risks and uncertainties relating to the forward-looking statements in this release are among those disclosed in Copa Holdings’ filed disclosure documents and are, therefore, subject to change without prior notice.
CPA-G
Copa Holdings, S. A. and Subsidiaries
Consolidated Operating and Financial Statistics 2Q26 2Q25 % Change 1Q26 % Change YTD26 YTD25 % ChangeRevenue Passengers Carried (000s)4,138 3,600 14.9% 4,096 1.0% 8,234 7,112 15.8%Revenue Passengers OnBoard (000s)6,176 5,366 15.1% 6,014 2.7% 12,190 10,574 15.3%RPMs (millions)7,936 6,859 15.7% 7,755 2.3% 15,691 13,602 15.4%ASMs (millions)9,150 7,856 16.5% 8,892 2.9% 18,042 15,657 15.2%Load Factor86.7% 87.3% -0.6 p.p 87.2% -0.5 p.p 87.0% 86.9% 0.1 p.pYield (US$ Cents)12.6 11.6 8.7% 12.9 (2.4)% 12.8 12.2 5.0%PRASM (US$ Cents)11.0 10.1 8.0% 11.3 (3.0)% 11.1 10.6 5.1%RASM (US$ Cents)11.6 10.7 7.9% 11.8 (2.2)% 11.7 11.1 5.2%CASM (US$ Cents)10.6 8.4 26.0% 8.9 18.5% 9.8 8.6 13.7%CASM Excl. Fuel (US$ Cents)5.7 5.7 (0.1)% 5.8 (1.5)% 5.7 5.7 (0.6)%Fuel Gallons Consumed (millions)105.0 91.9 14.2% 102.7 2.3% 207.6 182.8 13.6%Avg. Price Per Fuel Gallon (US$)4.28 2.32 84.8% 2.73 56.8% 3.51 2.43 44.8%Average Length of Haul (miles)1,918 1,905 0.7% 1,893 1.3% 1,906 1,912 (0.4)%Average Stage Length (miles)1,255 1,231 2.0% 1,260 (0.4)% 1,257 1,245 1.0%Departures44,301 38,985 13.6% 43,033 2.9% 87,334 76,814 13.7%Block Hours142,113 122,526 16.0% 138,479 2.6% 280,592 244,137 14.9%Average Aircraft Utilization (hours)12.1 11.9 1.4% 12.2 (1.0)% 12.2 12.0 1.4% Copa Holdings, S. A. and Subsidiaries
Consolidated statement of profit or loss
(In US$ thousands) Unaudited Unaudited % Unaudited % Unaudited Unaudited % 2Q26 2Q25 Change 1Q26 Change YTD26 YTD25 ChangeOperating Revenues Passenger revenue 1,002,609 797,266 25.8% 1,004,173 (0.2%) 2,006,782 1,656,291 21.2%Cargo and mail revenue 34,183 28,307 20.8% 29,760 14.9% 63,944 54,001 18.4%Other operating revenue 22,541 17,031 32.4% 18,490 21.9% 41,031 31,493 30.3%Total Operating Revenue 1,059,334 842,604 25.7% 1,052,423 0.7% 2,111,757 1,741,785 21.2% Operating Expenses Fuel 449,552 214,106 110.0% 282,462 59.2% 732,013 446,266 64.0%Wages, salaries, benefits and other employees' expenses 131,364 122,289 7.4% 137,670 (4.6%) 269,034 239,807 12.2%Passenger servicing 29,028 25,190 15.2% 28,135 3.2% 57,162 50,214 13.8%Airport facilities and handling charges 77,315 64,652 19.6% 79,184 (2.4%) 156,499 130,309 20.1%Sales and distribution 57,388 49,429 16.1% 54,812 4.7% 112,200 99,691 12.5%Maintenance, materials and repairs 42,071 36,158 16.4% 46,612 (9.7%) 88,682 75,592 17.3%Depreciation and amortization 107,539 88,440 21.6% 100,726 6.8% 208,266 174,724 19.2%Flight operations 42,825 32,766 30.7% 41,104 4.2% 83,930 66,515 26.2%Other operating and administrative expenses 30,593 26,329 16.2% 23,083 32.5% 53,676 61,602 (12.9%)Total Operating Expense 967,676 659,359 46.8% 793,787 21.9% 1,761,463 1,344,719 31.0% Operating Profit/(Loss) 91,658 183,245 (50.0%) 258,636 (64.6%) 350,294 397,067 (11.8%)Operating Margin 8.7% 21.7% -13.1 p.p 24.6% -15.9 p.p 16.6% 22.8% -6.2 p.p Non-operating Income (Expense): Finance cost (28,179) (23,285) 21.0% (25,837) 9.1% (54,017) (46,518) 16.1%Finance income 16,533 15,377 7.5% 16,083 2.8% 32,616 31,170 4.6%Gain (loss) on foreign currency fluctuations (858) 910 nm 1,518 nm 660 2,280 (71.0%)Net change in fair value of derivatives (1,040) (1,688) (38.4%) (1,066) (2.5%) (2,106) (4,122) (48.9%)Other non-operating income (expense) (832) (397) 109.6% (2,279) (63.5%) (3,111) 1,031 nmTotal Non-Operating Income/(Expense) (14,377) (9,083) 58.3% (11,581) 24.1% (25,958) (16,160) 60.6% Profit before taxes 77,282 174,162 (55.6%) 247,054 (68.7%) 324,336 380,906 (14.9%) Income tax expense (9,107) (25,253) (63.9%) (34,588) (73.7%) (43,694) (55,231) (20.9%) Net Profit/(Loss) 68,175 148,908 (54.2%) 212,467 (67.9%) 280,642 325,675 (13.8%)Net Margin 6.4% 17.7% -11.2 p.p 20.2% -13.8 p.p 13.3% 18.7% -5.4 p.p EPS Basic Earnings Per Share (EPS) 1.67 3.61 -53.9% 5.16 -67.7% 6.84 7.89 -13.4% Shares for calculation of Basic EPS (000s) 40,905 41,246 -0.8% 41,183 -0.7% 41,043 41,269 -0.5% Copa Holdings, S. A. and Subsidiaries
Consolidated statement of financial position
(In US$ thousands)
June 2026 December 2025ASSETS (Unaudited) (Audited)Cash and cash equivalents 266,825 382,554 Short-term investments 996,411 955,604 Total cash, cash equivalents and short-term investments 1,263,236 1,338,159 Accounts receivable, net 217,862 194,425 Accounts receivable from related parties 3,495 3,217 Expendable parts and supplies, net 155,225 148,127 Prepaid expenses 84,268 55,209 Prepaid income tax 7,530 6,172 Other current assets 30,615 32,769 498,994 439,919 TOTAL CURRENT ASSETS 1,762,231 1,778,078 Long-term investments 280,188 248,579 Long-term prepaid expenses 5,748 5,434 Property and equipment, net 4,687,049 4,120,055 Right of use assets 263,880 296,761 Intangible, net 104,418 104,071 Net defined benefit assets 3,806 3,220 Deferred tax assets 21,074 19,873 Other Non-Current Assets 9,101 6,952 TOTAL NON-CURRENT ASSETS 5,375,264 4,804,946 TOTAL ASSETS 7,137,495 6,583,024 LIABILITIES Loans and borrowings 202,245 172,885 Current portion of lease liability 68,349 66,132 Accounts payable 207,122 164,320 Accounts payable to related parties 1,279 1,333 Air traffic liability 875,027 737,616 Frequent flyer deferred revenue 167,970 155,584 Taxes Payable 80,132 62,931 Accrued expenses payable 46,298 66,016 Income tax payable 5,340 11,929 Other Current Liabilities 3,067 1,361 TOTAL CURRENT LIABILITIES 1,656,829 1,440,107 Loans and borrowings long-term 2,069,350 1,807,556 Lease Liability 224,871 258,383 Deferred tax Liabilities 58,279 59,217 Other long - term liabilities 255,189 242,337 TOTAL NON-CURRENT LIABILITIES 2,607,689 2,367,494 TOTAL LIABILITIES 4,264,518 3,807,600 EQUITY Class A - 34,288,050 issued and 29,881,298 outstanding 23,329 23,290 Class B - 10,938,125 7,466 7,466 Additional Paid-In Capital 222,940 220,190 Treasury Stock (345,147) (300,143)Retained Earnings 2,699,685 2,168,911 Net profit 280,642 671,648 Other comprehensive loss (15,939) (15,939)TOTAL EQUITY 2,872,977 2,775,423 TOTAL EQUITY LIABILITIES 7,137,495 6,583,024 Copa Holdings, S. A. and Subsidiaries
Consolidated statement of cash flows
For the six months ended
(In US$ thousands)
2026
2025
(Unaudited) (Unaudited)Net cash flow from operating activities 617,897 484,282 Investing activities Net Acquisition of Investments (71,640) (294,697)Net cash flow related to advance payments on aircraft purchase contracts (340,399) (60,204)Acquisition of property and equipment (375,769) (390,502)Proceeds from sale of property and equipment 118 26,448 Acquisition of intangible assets (11,823) (14,342)Net cash flow used in investing activities (799,513) (733,297)Financing activities Proceeds from new borrowings 377,005 165,000 Payments on loans and borrowings (93,082) (122,890)Payment of lease liability (32,371) (28,504)Share repurchase (45,004) (8,706)Dividends paid (140,661) (133,027)Net cash flow from/(used in) financing activities 65,887 (128,127)Net (decrease) in cash and cash equivalents (115,729) (377,142)Cash and cash equivalents as of January 1 382,554 613,313 Cash and cash equivalents as of June 30,$266,825 $236,171 Short-term investments 996,411 764,137 Long-term investments 280,188 368,332 Total cash and cash equivalents and investments as of June 30,$1,543,424 $1,368,640 Copa Holdings, S. A. and Subsidiaries
Non-IFRS Financial Measures Reconciliation
This press release includes the following non-IFRS financial measures: Operating CASM Excluding Fuel and Net Debt to EBITDA. This supplemental information is presented because we believe it is a useful indicator of our operating performance and is useful in comparing our performance with other companies in the airline industry. These measures should not be considered in isolation and should be considered together with comparable IFRS measures, in particular operating profit, and net profit. The following is a reconciliation of these non-IFRS financial measures to the comparable IFRS measures:
Reconciliation of Operating Costs per ASM Excluding Fuel (CASM Excl. Fuel)2Q26
2Q25
1Q26
YTD26
YTD25
Operating Costs per ASM as Reported (in US$ Cents)10.6 8.4 8.9 9.8 8.6 Aircraft Fuel Cost per ASM (in US$ Cents)4.9 2.7 3.2 4.1 2.9 Operating Costs per ASM excluding fuel (in US$ Cents)5.7 5.7 5.8 5.7 5.7 Reconciliation of Net Debt to EBITDA2Q26
2Q25
1Q26
Net Debt$1,021,390 $682,680 $893,509 LTM Operating Profit/(Loss) (in US$ thousands)$772,187 $774,526 $863,774 LTM Depreciation and amortization (in US$ thousands)$398,678 $342,606 $379,579 LTM EBITDA (in US$ thousands)$1,170,865 $1,117,132 $1,243,353 Net Debt to EBITDA 0.9 0.6 0.7
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That wraps up our initial coverage of SanDisk’s Q4 results. Thank you for stopping by!
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SanDisk produced $7.08 billion in free cash flow during the fiscal fourth quarter and $5.04 billion in adjusted free cash flow after accounting for payments and deposits related to its New Business Model agreements.
For the full fiscal year, adjusted free cash flow reached $8.74 billion, compared with just $238 million one year earlier. Cash and cash equivalents finished the year at $4.76 billion.
SanDisk’s board responded by authorizing an additional $14 billion share-repurchase program, bringing its total remaining authorization to $15.5 billion. The massive buyback reflects management’s belief that AI-driven growth in earnings and cash flow can prove durable.
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Artificial intelligence demand is rapidly transforming SanDisk’s business. Data Center revenue reached $2.98 billion during the fiscal fourth quarter, more than doubling sequentially from $1.47 billion.
For the full fiscal year, Data Center revenue skyrocketed 437% to $5.15 billion as SanDisk shifted toward higher-value customers. Edge revenue also jumped 195% to $12.16 billion, while the Consumer segment grew a much slower 29%.
SanDisk has now signed five additional New Business Model agreements since its April earnings call, including three contracts with new customers and two expansions of existing deals.
The company has doubled its announced NBM agreement count to 10 in just a few months, strengthening the case that AI storage demand extends well beyond a single quarter.
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SanDisk’s fiscal fourth-quarter results crushed Wall Street expectations, and management expects the momentum to continue into fiscal 2027.
The company guided for first-quarter revenue between $10.3-$10.8 billion, representing another 15% to 20% sequential increase from the fourth quarter’s $8.97 billion. SanDisk also expects adjusted EPS between $44 and $46, up from $39.25 during the latest quarter.
Adjusted gross margin is projected to be between 83% and 85%, remaining close to the extraordinary 84.6% achieved in Q4. Despite the strong outlook, SanDisk shares initially fell 5%, suggesting investors had already priced in another significant increase in guidance.
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SanDisk just reported earnings, with shares initially falling 5% despite beating expectations. Here are the key numbers:
Revenue: $8.965 billion vs. $8.39 billion expected Adjusted EPS: $39.25 vs. $34.52 expected Quick Read:
SanDisk crushed expectations, beating revenue estimates by 7% and EPS expectations by 14%, but the stock still dropped following the release.
Revenue exploded 372% year over year and 51% sequentially, while EPS climbed 68% from the previous quarter.
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Beyond the bull/bear debate, four wildcards aren’t fully priced in ahead of tonight’s report.
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Under-the-Radar Catalysts Options term structure divergence: Aug 7 calls and puts are near parity at 1.04:1, but Jan 2027 LEAPS show puts dominating calls 3.7:1. Institutional hedging suggests skepticism about margin durability. Kioxia JV concentration: Flash Ventures manufacturing dependence remains a single point of failure; any commentary on Kioxia capacity expansion could pressure NAND ASPs. Tariff and FX exposure: Global manufacturing footprint means trade-policy escalation or dollar swings can compress the guided 78.9% to 80.9% gross margin. Intraday tape: Shares are down 2.94% today with a 69.76-point swing, signaling fragile positioning into the release. 2 hours ago
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With SanDisk (NASDAQ:SNDK | SNDK Price Prediction) up 501.41% year-to-date and shares at $1,401.47, the setup is loaded.
Bull Case Datacenter revenue grew 645% YoY last quarter, with guidance calling for $7.75B–$8.25B in Q4 revenue and non-GAAP EPS of $30.00–$33.00. Gross margin expanded to 78.4%, aided by BiCS8 ramp and NBM contracts providing visibility. Polymarket assigns a 94.6% probability of a beat, with 18 Buy ratings. Bear Case Valuation is stretched: market cap near $211.42 billion, P/E of 44. NAND pricing is cyclical; peak margins may not persist. Shares already dropped 18.19% over the past month, signaling fragile positioning. Reddit sentiment swung from 78 to 18 in days, reflecting retail whiplash. 2 hours ago
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With SanDisk (NASDAQ:SNDK) reporting after the close and Polymarket odds now at 94.6% for a beat, here’s what to listen for on the call.
Top 5 Analyst Questions How many additional NBM contracts were signed, and can bit coverage exceed 50% of FY27? Is Datacenter growth still tracking mid-70s% for calendar 2026? QLC Stargate ramp progress and hyperscaler qualifications? Pace of the $6 billion buyback? HBF system timing into early-to-mid 2027? Key Topics & Buzzwords Listen for “inflection point,” “structurally higher earnings power,” BiCS8, KV cache, and disciplined supply. Watch fiscal 2027 mix commentary and Kioxia JV cadence. Red Flags Consumer weakness worsening beyond -10% sequential. Guidance merely meeting the $30.00 to $33.00 EPS range. Any softening in NAND pricing language. 2 hours ago
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SanDisk reports fiscal fourth-quarter 2026 earnings after the closing bell, with Wall Street expecting adjusted earnings of $34.52 per share on $8.39 billion in revenue.
The biggest questions surround NAND pricing, the company’s growing exposure to data centers, and execution on its NBM contracts. SanDisk’s Data Center revenue soared 645% year over year last quarter, placing the AI memory buildout at the center of tonight’s report.
Prediction-market traders are highly confident, with Polymarket assigning a 98.5% probability that SanDisk beats earnings expectations again.
A strong beat accompanied by a richer fiscal 2027 product mix and additional NBM contracts would strengthen the case that SanDisk has entered an era of structurally higher earnings power. However, guidance merely in-line with expectations could trigger multiple compression following the stock’s extraordinary run.
SanDisk (NASDAQ:SNDK) reports Q4 FY2026 results today after the bell at 4:05 PM ET. Shares sit at $1,419.96 after a 501.41% year-to-date run, making tonight’s earnings report the highest-stakes report since the Western Digital separation.
Momentum Meets Execution Risk Q3 FY26 marked what CEO David Goeckeler called “a fundamental inflection point.” Revenue landed at $5.95 billion, up 251% YoY, while non-GAAP EPS of $23.41 beat consensus by 59.67%.
Gross margin expanded to 78.4% from 22.5% a year earlier, powered by NAND pricing and a Datacenter mix shift. Free cash flow hit $2.99 billion, and the company retired $650 million in debt to reach a zero long-term debt balance sheet. However, shares are down 18.19% over the past month, signaling the bar has moved.
Consensus Estimates Metric Q4 FY26 Estimate Company Guide Revenue $8.39B $7.75B to $8.25B EPS (Non-GAAP) $34.52 $30.00 to $33.00 Non-GAAP Gross Margin n/a 79.0% to 81.0% The Street already sits above management’s own top-line and bottom-line ranges. Consensus embeds continued Datacenter mix leverage and further NAND ASP expansion, leaving little room for in-line results to satisfy investors.
What I’m Watching: Datacenter Mix, NBM Commitments, and Margin Cadence Tonight, I’ll be watching to see whether Datacenter sustains its 233% sequential pace, because that segment now anchors the company’s structural earnings-power thesis. Analysts will also focus on how many of the five signed NBM agreements translate into revenue linearity and whether management adds more customers under firm financial commitments.
Gross margin cadence matters next. Guidance calls for 79.0% to 81.0%, and I want commentary on how pricing holds into FY27 given the structural NAND shortage narrative through 2028. Consumer weakness is worth tracking as well after a 10% sequential decline last quarter.
Management tone on Kioxia, BiCS8 ramp, and share repurchase pacing will shape the post-report reaction. Reddit sentiment flipped bullish only recently, with the “SNDK Holders – we’re so back!!” post gaining traction, while options traders lean neutral with a 0.79 put/call ratio.
Earnings History Quarter EPS Surprise 1-Day Move 1-Week Move 30-Day Move Q3 FY26 +59.67% +5.8% +31.62% +54.3% Q2 FY26 +74.97% +15.44% +3.77% +3.96% Q1 FY26 +37.08% +11.89% +6.13% -2.76% Q4 FY25 +866.67% +2.2% +4.11% +110.98% On average, shares moved +11.24% in the week following earnings over the past year.
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Sandisk ve 4. čtvrtletí vykázal, že tržby vzrostly o 51 % mezikvartálně a o 372 % meziročně. Výhled na 1. čtvrtletí pro tržby a EPS je však podle článku sporný.
SummarySandisk delivered outstanding Q4 results, with revenue up 51% QoQ and 372% YoY and robust margin expansion.SNDK's AI-related NAND flash exposure is strengthening, driving new business agreements and positioning it attractively for future growth.Q1 revenue and EPS guidance are questionable, apparently.A new $14 billion buyback and improved risk-reward profile make SNDK compelling at current levels, though execution risk remains.Margins staying high remain in question despite improved valuation.Looking for a helping hand in the market? Members of BAD BEAT Investing get exclusive ideas and guidance to navigate any climate. Learn More » alacatr/iStock Unreleased via Getty Images
Sandisk Corporation (SNDK) is, of course, a high-flyer that has seen its sales and earnings explode higher. This is because it is a leader in flash memory technology and solid-state storage solutions. Sandisk has continued its historic
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Celestica oznámila emisi nových akcií za 3 miliardy USD, aby financovala investice do růstu a využila silnou poptávku po AI infrastruktuře. Výtěžek z emise má jít na provozní kapitál a kapitálové výdaje.
TORONTO--(BUSINESS WIRE)--Celestica Inc. (NYSE: CLS) (TSX: CLS) (“Celestica” or the “Company”), a global leader in data center infrastructure and advanced technology solutions, today announced an equity offering totaling $3 billion, in order to fund investments in its business to support unprecedented multi-year demand from its customer base.
Proposed Offering
Celestica today announced a $3 billion treasury offering of common shares. The Company intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the common shares offered.
BofA Securities and Citigroup are acting as joint lead bookrunners (in alphabetical order) and TD Securities is acting as bookrunner for the offering.
Capitalizing on Multi-Year AI Infrastructure Expansion
Driven by robust demand and expanding visibility across the global AI infrastructure buildout, Celestica is announcing a $3 billion equity offering to accelerate its long-term growth strategy. As a critical engineering and manufacturing partner to the world’s leading technology companies, Celestica is investing to capture multi-year growth opportunities across its key markets of high-performance AI compute and data center Ethernet networking.
“We are experiencing accelerating momentum across our business, giving us strong conviction to continue investing behind our capabilities,” said Mandeep Chawla, Chief Financial Officer. “Maintaining a robust capital structure with enhanced balance sheet flexibility is central to executing our long-term strategy, ensuring we can seamlessly scale alongside our customers’ evolving multi-year capital deployment plans.”
“Strong operational execution across both segments, combined with unprecedented demand from our Connectivity & Cloud Solutions (CCS) customers, underscores the significant scale of the AI infrastructure buildout,” said Rob Mionis, Chief Executive Officer. “Our demand outlook is the strongest in the Company’s history, and our multi-year visibility continues to strengthen. Celestica’s market leadership and disciplined execution, fully supported by this transaction, position us to capitalize on this secular growth and deliver long-term shareholder value.”
Use of Proceeds
Net proceeds from the offering are expected to be used for working capital and to support investments in capital expenditures, in addition to other general corporate purposes.
Closing
The closing of the offering is subject to customary closing conditions, including the entering into of an underwriting agreement and the listing of the additional common shares on the New York Stock Exchange and the Toronto Stock Exchange.
About Celestica
Celestica is a technology leader dedicated to driving customer success and market advancements. With deep expertise in design, engineering, manufacturing, supply chain, and platform solutions, Celestica enables critical data center infrastructure for AI, cloud and hybrid cloud, and advances technologies in high-growth markets. With a talented team and a strategic global network, Celestica helps its customers achieve competitive advantages. For more information on Celestica, visit www.celestica.com. Our securities filings can be accessed at www.sedarplus.ca and www.sec.gov.
The information contained on or accessible through www.celestica.com is not incorporated by reference into, and does not form part of, this release.
Registration Statement and Prospectus
Celestica has filed a final base shelf prospectus containing important information relating to the securities described in this press release with the securities regulatory authorities in each of the provinces and territories of Canada. The final base shelf prospectus, any applicable shelf prospectus supplement and any amendment to the documents are accessible through SEDAR+. An automatic shelf registration statement (including a base shelf prospectus) on Form S-3 (File No. 333-285515) has been filed with the U.S. Securities and Exchange Commission (the “SEC”) for the offering to which this press release relates. Before you invest, you should read the prospectus in that registration statement and other documents Celestica has filed with the SEC for more complete information about Celestica. Any offering of these securities will be made only by means of a prospectus and any applicable prospectus supplement. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies of any of the documents may be obtained, without charge, if you request them in Canada from Merrill Lynch Canada Inc., 181 Bay Street-Suite 400, Toronto, Ontario M5J 2V8; Citigroup Global Markets Canada Inc., c/o: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (+1-800-831-9146); or TD Securities Inc., Attention: Symcor, NPM, at 1625 Tech Avenue, Mississauga, ON L4W 5P5, by telephone at (289) 360-2009, or by email at [email protected], or in the United States by contacting BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001 (Attention: Prospectus Department); Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (+1-800-831-9146); or TD Securities (USA) LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at [email protected].
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction.
This press release contains forward-looking statements, including, without limitation, those related to: unprecedented multi-year and strengthening demand in our businesses, demand environment, outlook and customer forecasts, multi-year growth opportunities, our anticipated financial and/or operational results, guidance and outlook, including statements with respect to expected revenue growth in 2026 and 2027, developments related to new customer or program wins, anticipated economic conditions, industry and market trends and projections underlying market growth rates, customer demand, prospects and opportunities, and strategic initiatives, maintaining a robust capital structure and enhanced balance sheet flexibility, and the timing of, closing conditions (including listing of the common shares on the NYSE and TSX) to and use of net proceeds of the offering. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “continues,” “projects,” "target," "outlook," "goal," "guidance," “potential,” “possible,” “contemplate,” “seek,” or similar expressions, or may employ such future or conditional verbs as “may,” “might,” “will,” “could,” “should,” or “would,” or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the U.S. Private Securities Litigation Reform Act of 1995, where applicable, and for forward-looking information under applicable Canadian securities laws.
Forward-looking statements are provided to assist readers in understanding management’s current expectations and plans relating to the future. Forward-looking statements reflect our current estimates, beliefs and assumptions, which are based on management’s perception of historic trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances, including certain assumptions about: revenue growth in 2026 and 2027 (including continued strengthening of customer demand, close alignment with key customers on demand planning, sustained improvements in demand visibility, and continued strengthening of adjusted operating margins); accelerating growth from our customer base, including our CCS customer base; demand levels across our businesses, including continued growth in demand from data center customers in 2026 and 2027; programs and production ramps occurring and progressing as anticipated in line with expected timelines, specifications, qualification requirements and production schedules, customer decisions, design changes, silicon and component availability, qualification outcomes, deployment timelines and priorities, constraints affecting data center development, construction, equipping or operation, and other technical, commercial, regulatory or supply-chain factors, and our expected role in such programs, including our 800G and 1.6T networking, and AI/machine learning compute programs with data center customers; technology upgrade cycles; our ability to retain programs and customers; continuing operating leverage and improving mix; the impact of anticipated market conditions on our businesses; the reliability of third party market forecasts and customer indications of future demands and roadmaps, including with respect to data center infrastructure; continued advancement and commercialization of AI technologies and cloud computing; supporting sustained high levels of capital expenditure investments by leading hyperscaler, AI, and data center customers; our ability to develop new capabilities; scaling of our operations to meet the anticipated growth in customer demand; the successful recruitment and retention of skilled talent; capital investments proceeding as anticipated, including timely completion of construction and operationalization of assets, securing required materials, utilities, and equipment for our expansion plans; our ability to secure adequate component and materials supply; alignment of our capacity with our business demands; the economy; our customers; our suppliers; tax and interest rates; no material changes to tariffs, trade restrictions, customs administration, or related refund or recovery processes, including developments relating to duties imposed under the International Emergency Economic Powers Act of 1977 and any replacement, continuing or retaliatory tariff measures, compared to what are in effect as of August 5, 2026; that our customers will retain liability for and we will continue to be able to recover substantially all costs from customers relating to product/component tariffs and countermeasures; no material changes in business activities resulting from current macroeconomic trends and uncertainties, including evolving global tariffs, trade negotiations, and geopolitical conflicts; our ability to achieve our strategic goals; the availability of cash from operations to fund planned capital investments; the availability of capital resources for, and the permissibility under our credit facility of, repurchases of outstanding common shares under our current normal course issuer bid; as well as other market, financial and operational assumptions. Readers are cautioned that such information may not be appropriate for other purposes. Readers should not place undue reliance on such forward-looking information.
Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including, among others, risks related to: changing customer capacity roadmaps for 2026 and beyond; realization of the long-term demand outlook; customer and segment concentration; reduction in customer revenue; erosion in customer market competitiveness; changes in revenue mix and margins; uncertain market, industry, political and economic conditions; customer requests to transfer manufacturing of products from one facility to another; changes to policies or legislation; operational challenges (including inventory management, supply chain constraints, and components, materials or supply shortages); volatility in energy and commodity prices; program ramps not progressing as anticipated; the cyclical nature and/or volatility of certain of our businesses; talent management and inefficient employee utilization, including recruiting, training and retaining sufficient qualified personnel in required jurisdictions and within required timeframes; our expansion plans or consolidation of our operations; planned capital expenditures to support anticipated growth in customer demand; competition risk from evolving AI technologies, including lower-cost/open-source AI models; energy, power and water constraints in the data center ecosystem; cash flow, revenue, and operating results; tax and interest rates variability; technology and IT disruption; increasing legal, tax and regulatory complexity and uncertainty (including in relation to our or our customers' businesses); integrating and achieving the anticipated benefits from acquisitions; and the potential adverse impacts of events outside of our control.
For more exhaustive information on the foregoing and other material risks, uncertainties and assumptions, readers should refer to our public filings at www.sedarplus.ca and www.sec.gov, including in our most recent Management's Discussion and Analysis of Financial Condition and Results of Operations, Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other documents filed with, or furnished to, the U.S. Securities and Exchange Commission, and the Canadian Securities Administrators, as applicable.
Forward-looking statements speak only as of the date on which they are made, and we disclaim 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 law.
All forward-looking statements attributable to us are expressly qualified by these cautionary statements.
