Kimberly-Clark snížila výhled na rok 2026 kvůli narušení v Číně, které má v druhé polovině roku znamenat zhruba 200 bazických bodů dopadu na tržby a asi 70 milionů USD tlaku na provozní zisk. Firma zároveň čeká oživení v Severní Americe.
Key Takeaways KMB sees China driving a 200-basis-point second-half sales headwind and about $70 million in profit pressure.KMB expects North America to grow with categories in the second half as innovation and easier comparisons aid.KMB says Kenvue integration progress boosts confidence in the existing $1.9 billion cost-synergy target. Kimberly-Clark Corporation (KMB - Free Report) used its second-quarter 2026 earnings call to stress that a China diaper disruption and other discrete pressures have changed the 2026 outlook, while management emphasized the underlying business remains strong.
The call focused on China’s recovery, softer category growth, North American shipment volatility and KMB’s ability to offset inflation while advancing Kenvue and innovation.
KMB Lowers 2026 Outlook on China DisruptionSenior vice president, CFO and interim principal accounting officer Nelson Urdaneta said organic sales were about 100 basis points below internal expectations, mainly due to China, North American trade inventory reductions and softer category growth.
Adjusted EPS from continuing operations was $1.80, which missed the Zacks Consensus Estimate of $2.00. Net sales of $4.19 billion missed the Zacks Consensus Estimate of $4.23 billion.
CFO Urdaneta said 2026 organic sales growth should run about 100 basis points below weighted category growth, currently 2% on a trailing-12-month basis. Adjusted operating profit is expected to grow mid-single digits, while adjusted EPS from continuing operations is expected to grow high single digits, both on a constant-currency basis.
Kimberly-Clark Sees a Gradual China RecoveryPresident and COO Russell Torres said independent third-party testing found the company’s products safe, while management is working with Chinese authorities, retailers and consumers after social-media allegations hurt diaper sales.
Torres said sellout trends had not deteriorated sequentially but had not turned higher. Management therefore assumed modest improvement rather than a clear inflection.
Answering a UBS analyst, Urdaneta said China should create about a 200-basis-point sales headwind in the second half and roughly $70 million of operating profit pressure, split about evenly between the third and fourth quarters.
KMB Backs a Second-Half North America PickupA Goldman Sachs analyst pressed management on weaker North American results and the basis for a stronger second half. Urdaneta said consumer-category shipments fell 1.4% while consumption rose 0.3%.
Urdaneta attributed the gap mainly to the Los Angeles distribution-center fire and retailer inventory movements. The fire reduced second-quarter sales by about $22 million, while inventory changes cut shipment growth by roughly 100 basis points year over year.
Torres said KMB expects North America to grow in line with its categories in the second half, supported by innovation, activation plans, revenue-growth-management actions and easier comparisons.
Kimberly-Clark Uses Pricing and ProductivityA Barclays analyst asked about pricing as promotions evolve. COO Torres said low-single-digit pricing actions are primarily being taken in North America to address inflation.
Urdaneta said second-half gross input-cost headwinds are estimated at about $150 million. He expects mitigating actions and the second-quarter tariff refund to keep pricing net of cost inflation roughly neutral for the full year.
Urdaneta also said KMB received a $45 million North American tariff refund and delivered 6.4% productivity, helping adjusted operating profit and earnings exceed internal expectations.
KMB Advances Kenvue and Its Fiber PlatformA Deutsche Bank analyst asked whether integration work implied higher or faster Kenvue synergies. Torres said progress mainly increases confidence in achieving the existing $1.9 billion cost-synergy target, without committing to more synergies or a revised cadence.
Chairman and CEO Michael Hsu said closer review has increased confidence in growth opportunities across Kenvue’s consumer-health categories. Urdaneta said a specific 2027 earnings view will wait for more clarity on China, commodities and transaction timing.
Hsu highlighted Kimberly-Clark’s alternative natural-fiber program, while Urdaneta said related spending and capital needs are already reflected in strategic plans. Hsu said the company is breaking ground on a pilot facility.
Kimberly-Clark Keeps Execution in FocusHsu described the operating environment as choppy but continued to emphasize differentiated product technology, brand investment and productivity as KMB’s operating approach.
Torres reinforced that stance, pointing to innovation and value propositions across price tiers rather than heavier promotion. Management remains focused on China, inflation and North American volatility while preparing for Kenvue.
KMB's Zacks Rank and Style ScoresKMB carries a Zacks Rank #3 (Hold), with Value and Growth Scores of C, a Momentum Score of F and a VGM Score of C. Under the Zacks A-to-F hierarchy, those grades sit below the preferred A and B range.
The Zacks framework gives its strongest short-term emphasis to Zacks Rank #1 (Strong Buy) or #2 (Buy) stocks paired with A or B Style Scores. KMB does not have that combination, and its Zacks Rank can change as earnings estimates are revised following the just-reported results. You can see the complete list of today’s Zacks #1 Rank stocks here.
Square rozšířil službu Bill Pay, takže držitelé Square Credit Card mohou platit dodavatele i bez přijímání karet. Nově karta nabízí neomezený 3% cashback na transakce Square Bill Pay a 1,5% cashback na všechny ostatní nákupy.
Businesses can now use their Square Credit Card to pay vendors that don’t accept cards, as well as those that do, Square said in a Tuesday (Aug. 11) press release.
This enhanced Bill Pay feature lets sellers pay rent, insurance, marketing expenses and other vendor expenses, regardless of whether the vendors accept cards. Square routes the money to the vendor’s choice of a direct deposit into their bank account (ACH) or a check in the mail, according to the release.
Square Bill Pay provides an alternative to solutions that come with additional costs or require small business owners to spend their cash on hand, Andrea Raj, head of product for Square Banking, said in the release.
“We built the opposite,” Raj said. “Pay vendors on time, keep cash longer, and earn the right rewards for it, all in one place and while saving on fees. That’s only possible because it’s built into the platform sellers already run their business on.”
Square also announced Tuesday that the refreshed Square Credit Card now offers unlimited 3% cash back on Square Bill Pay transactions and 1.5% cash back on all other purchases. Sellers can redeem the rewards as cash deposits into their Square Savings account, statement credit or free processing, according to the release.
The new features join the existing benefits of the Square Credit Card, which include a dynamic credit line, no personal guarantee, no annual fees, no late fees and no foreign transaction fees, per the release.
Square and parent company Block have launched several other solutions for businesses in recent months.
In June, Square Financial Services launched a deposit tier that pays a higher APY to Square sellers who maintain a daily balance of $10,000 or more in their Square Savings account.
In May, Square and Homegrown announced that they partnered on a pilot program designed to offer expansion capital through flexible financing for Square sellers that have two or more locations and are ready to open another one.
In March, Square said it had begun extending credit to more sellers after improving its underwriting models to assess the creditworthiness of those with non-standard revenue patterns, including project-based earners, seasonal operators and businesses that are new to Square.
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Palantir Technologies' (PLTR -0.37%) share price soared after the company delivered another quarter of exceptional revenue growth and continued improvements in profitability. CEO Alex Karp described the quarter as "otherworldly" in the company's earnings release, and investors sent the stock higher on the news.
There's no doubt that Palantir has produced phenomenal financial results, helping drive its valuation higher. However, investing is far more focused on what's ahead for a company. Palantir will have to continue delivering very strong quarterly earnings reports to keep pushing the stock higher from here.
Image source: Getty Images.
What will it take for Palantir stock to keep climbing? As Karp put it in his letter to shareholders, "Our business is compounding at a rate and scale that we have never before witnessed." Indeed, Palantir's 93% revenue growth was bolstered by even better growth among U.S. commercial customers (149% growth) and strong U.S. government sales (90%). Just as important, adjusted operating margin expanded to 62% from 60% in the prior quarter, indicating there's still plenty of leverage in scaling the business.
Today's Change
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Palantir also increased its full-year guidance, with revenue expected at $8.154 billion at the midpoint. That's up from the $7.656 billion management previously guided for. The confidence to raise guidance may come from strong net revenue retention, which came in at 157%, up from 150% in the first quarter. That signals that existing customers continue to spend more each quarter, which can drive significant revenue growth at Palantir's scale.
There's little doubt Palantir will continue to produce excellent operational results. The problem is, everyone already knows this. As a result, the stock trades for a very lofty valuation. The company's enterprise value is more than 45 times management's revenue guidance for 2026. Its forward price-to-earnings ratio sits around 100.
Those multiples will have to compress over time as growth eventually slows down. Management is already forecasting a slowdown in revenue growth in the back half of the year. Palantir's Rule of 40 score of 155 from the past quarter may represent its peak going forward.
Expectations are high for Palantir. That doesn't mean the SaaS stock can't meet those expectations. But for Palantir to deliver market-beating results over the next few years, it will have to exceed expectations. That's especially true given that its lofty valuation also means any disappointment in the company's future results could lead to a massive adjustment lower in the share price.
After the recent increase in price, there's even less room for error. I'd wait for another pullback in the stock before buying it.
Adam Levy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy.
Sea Limited za čtvrtletí končící v červnu 2026 zvýšila výnosy na 7,8 miliardy USD, meziročně o 45,6 %, a překonala odhady Wall Street o 6,39 %. EPS byl 0,86 USD, pod konsenzem 1,00 USD.
For the quarter ended June 2026, Sea Limited Sponsored ADR (SE - Free Report) reported revenue of $7.8 billion, up 45.6% over the same period last year. EPS came in at $0.86, compared to $0.85 in the year-ago quarter.
The reported revenue represents a surprise of +6.39% over the Zacks Consensus Estimate of $7.34 billion. With the consensus EPS estimate being $1.00, the EPS surprise was -14%.
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 Sea Limited performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Other Services: $50.77 million versus $48.94 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +9.2% change.Adjusted EBITDA- Unallocated expenses: $-9.75 million compared to the $-10.78 million average estimate based on two analysts.Adjusted EBITDA- Other Services: $-46.23 million versus $-20.84 million estimated by two analysts on average.View all Key Company Metrics for Sea Limited here>>>
Shares of Sea Limited have returned +3.7% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Eli Lilly vykázala za 2. čtvrtletí tržby 22,97 miliardy USD a EPS 8,38 USD, obojí nad odhady, a zvýšila celoroční výhled tržeb na 85 až 87 miliard USD.
Eli Lilly (NYSE:LLY | LLY Price Prediction) delivered a monster quarter with revenue growth, a fourth consecutive EPS beat, and a fresh guidance raise. The stock has climbed 9.86% in the past week alone. Our proprietary model sees room to run.
Eli Lilly trades at $1,231.94 as of August 10, 2026. Our 24/7 Wall St. price target is $1,427, implying 15.83% upside over the next twelve months. Our model rates Lilly Bullish, with high confidence at 90%.
24/7 Wall St. Price Target Summary Metric Value Current Price $1,231.94 24/7 Wall St. Price Target $1,427 Upside 15.83% Model Rating Bullish Confidence Level 90% A Blowout Quarter Reset the Narrative Lilly is up 15.02% year to date and 98.29% over the past year, sitting just 4% below its 52-week high of $1,249.45.
Q2 revenue landed at $22.97 billion, beating expectations, and EPS of $8.38 came in 27.27% above the $6.5845 consensus. Mounjaro alone did $9.94 billion (+91%), boosted by international growth after China added the drug to its National Reimbursement Drug List. Management raised full-year revenue guidance to $85 to $87 billion and lifted the performance margin range to 49% to 50.5%.
The Case for $1,647 and Higher Our bull scenario points to $1,646.99, a 33.69% total return. Retatrutide, the next-generation triple-agonist obesity drug with a complete Phase 3 data package and Q1 2027 BLA, drives the thesis.
Layer in Foundayo, the oral GLP-1 pill approved for obesity and submitted for type 2 diabetes, plus VERVE-102’s 62% LDL-C reduction. Wall Street is aligned with 22 buy ratings against just 2 sells, and CEO David Ricks calls Lilly’s future “never been brighter.”
The Risks Worth Watching Our bear case suggests $1,167.64, a 5.22% decline. U.S. realized prices fell roughly 9% excluding rebates, and Q2 absorbed $2.78 billion in IPR&D charges from four acquisitions.
Concentration in Mounjaro and Zepbound remains a real risk if a competitor breaks through. Bulls argue the IPR&D hit is non-recurring and pricing pressure is swamped by 60% volume growth. At an implied forward P/E of 39, Lilly needs to keep executing.
How Lilly Compares to Merck and AbbVie Merck (NYSE:MRK) trades at $130.92 and is up 26.22% YTD, outpacing Lilly. It offers Keytruda-driven oncology exposure at a fraction of Lilly’s multiple, making Lilly’s forward P/E of 39 look demanding. But Merck lacks a GLP-1 franchise growing 91%.
AbbVie (NYSE:ABBV) at $247.97 is up 11.09% YTD, roughly tracking Lilly on a one-month basis but lagging over one year at 29.1% versus Lilly’s 98.29%. AbbVie navigates Humira erosion while Lilly rides a franchise still accelerating. The peer group makes our 24/7 Wall St. price target reasonable: Lilly deserves a premium, but not an unlimited one.
Eli Lilly Price Prediction 2026-2030 The 24/7 Wall St. price target of $1,427 reflects a constructive setup at 90% confidence. The volume-driven growth engine is real, and retatrutide is a near-term catalyst the market has yet to fully price.
The bull thesis strengthens if retatrutide’s BLA stays on track for Q1 2027 and Foundayo scripts ramp cleanly. The thesis weakens if U.S. pricing declines accelerate past the current 9% pace or if payer pushback broadens. For now, momentum plus pipeline wins.
Year 24/7 Wall St. Price Target 2026 $1,300 2027 $1,427 2028 $1,569 2029 $1,725 2030 $1,896 These projections extend our base case annualized return of 9.94% and assume Lilly executes on retatrutide, Foundayo, and manufacturing scale-up. Meaningful deviation could come from GLP-1 competition or a broader pricing reset from U.S. payers.
Contact [email protected] for any questions or corrections.
Republic Services ve 2. čtvrtletí zvýšila tržby o 4,6 % na 4,43 miliardy USD díky silnému oceňování, které vyrovnalo pokles objemu o 1,6 %.
Upravený zisk na akcii vzrostl o 4,5 % na 1,85 USD.
Key Takeaways Republic Services' second-quarter revenues rose 4.6% as core pricing offset a 1.6% volume decline.2026 earnings are projected at $7.26 per share, with current-year sales expected to grow 4.5%.Republic returned $1.04 billion to shareholders as adjusted free cash flow reached $1.58 billion. Republic Services, Inc. (RSG - Free Report) is sustaining revenue growth through disciplined pricing, even as volumes remain soft in parts of the business. Cash generation and shareholder returns add support to the investment case.
The trade-off is valuation. RSG carries premiums to key benchmarks while liquidity, leverage and construction-sensitive volumes remain constraints.
RSG Pricing Strength Keeps Revenue Growth IntactSecond-quarter revenues rose 4.6% year over year to $4.43 billion. Core price increased total revenues 5.3%, while core pricing on related-business revenues advanced 6.4%, offsetting a 1.6% total-volume decline.
Large-container volume fell 2.2% amid continued softness in construction activity. Pricing discipline is also visible at peer WM (WM - Free Report) , which reported first-quarter 2026 core price growth of 6.3%. That makes WM a useful peer reference for RSG's pricing-led growth model.
RSG Earnings Growth Remains Positive but ModerateAdjusted second-quarter earnings increased 4.5% to $1.85 per share. The Zacks Consensus Estimate for 2026 earnings is $7.26 per share, rising to $8.02 for 2027.
Projected sales growth for the current fiscal year is 4.5%. The combination points to continued growth, but not the kind of acceleration that by itself resolves the valuation question.
Republic Trades at a Premium to Key BenchmarksRSG trades at 14.71X trailing 12-month enterprise value to earnings before interest, taxes, depreciation and amortization, above the Zacks sub-industry's 12.5X. Its 27.74X forward price-to-earnings multiple also exceeds the S&P 500 comparison of 20.81X.
Image Source: Zacks Investment Research
Image Source: Zacks Investment Research
The stock's five-year median enterprise value to earnings before interest, taxes, depreciation and amortization multiple is 15.01X, so the current level is not unusual for RSG itself. Waste Connections, Inc. (WCN - Free Report) , another waste-services peer, raised its full-year outlook after second-quarter 2026 results, making it a relevant sector comparison.
RSG Liquidity and Volume Risks Limit the UpsideRepublic's current ratio was 0.64 at the end of the second quarter, below the industry average of 1.08. Total debt stood at $14.2 billion and leverage was about 2.6 times.
Volume remains another constraint. Residential volume declined 4.3% because of known contract losses, while permitting uncertainty and intense competition can add costs or restrict operating flexibility.
RSG Capital Returns Support Per-Share ValueRepublic returned $1.04 billion to shareholders in the first half of 2026. That included $651 million of share repurchases and $385 million of dividends.
The company also raised its quarterly dividend by 4.5 cents to 67 cents per share, marking its 23rd consecutive annual dividend increase. Adjusted free cash flow reached $1.58 billion in the first half, giving the capital-return program a solid cash-flow foundation.
RSG's Hold Signal Matches a Balanced SetupRSG's pricing, cash flow and capital returns remain supportive, but the premium valuation and softer volumes argue for a measured view rather than an aggressive entry point.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
RSG also has a Value Score of C, Growth Score of C, Momentum Score of D and VGM Score of C. Style Scores complement the Zacks Rank, and these middling-to-weaker grades do not add a strong positive signal. For investors assessing whether to buy now or wait, the current profile supports patience while execution and valuation remain in focus.
Rockwell Automation propojil Plex QMS s FactoryTalk Analytics VisionAI, aby do řízení kvality přidal vizuální kontrolu pomocí AI a lepší dohledatelnost vad. Firma tím dál rozšiřuje svá AI řešení v průmyslové automatizaci.
Integration brings AI-powered visual inspection into QMS workflows to help improve quality, traceability and defect detection
, /PRNewswire/ -- Rockwell Automation, Inc. (NYSE:ROK), the world's largest company dedicated to industrial automation and digital transformation, today announced an API-enabled integration between Plex Quality Management System (QMS) and FactoryTalk® Analytics™ VisionAI™. The integration, available today, expands AI-driven quality management and reflects Rockwell's continued investment in artificial intelligence and elastic MES solutions.
Brian Martensen, product manager, Rockwell Automation, overviews the new integration and recently introduced AI-capabilities. Rockwell continues to advance AI/ML across its offerings, including cloud-based MES platforms, edge AI and digital twins. According to Rockwell's "Scaling MES Across the Enterprise" report, 42% of manufacturing processes are expected to become AI-supported within the next year. The Plex QMS and FactoryTalk Analytics VisionAI integration offers manufacturers opportunities for strategic, automated quality intelligence.
"AI plays a critical role in Rockwell's industrial autonomy strategy," states Devin Burke, group product manager, Rockwell Automation. "With predictive intelligence, manufacturers can shift from scripted automation to adaptable autonomy as systems learn, adjust and collaborate across software, hardware and workers."
The integration builds on the API-first architecture of Plex QMS, enabling interoperability. When connected to FactoryTalk Analytics VisionAI, Plex QMS delivers AI-driven workflows to new and existing camera systems. These workflows help detect anomalies and reduce defects. Traditional visual inspection is only 80% effective and often fails to store inspection history. The Plex QMS and FactoryTalk Analytics VisionAI integration delivers exceptional visual inspection, as results recorded in the Plex system provide traceability, product serialization and an accurate record of inspection history.
In addition to the new integration, Plex Connected Worker recently introduced AI-powered authoring agent within the Digital Work Instructions suite, which transforms CAD files and technical assets into structured, step-by-step instructions for frontline employees. Similarly, Plex includes an AI agent embedded within its Reporting and Analytics capabilities, delivering out‑of‑the‑box dashboards that turn operational data into real-time, actionable insights. Users can engage these agents in natural language to proactively surface risks, predict issues, and drive faster, smarter decisions—moving from operational foresight to action with a single click.
"At Rockwell Automation, we've built a context-rich industrial data foundation shaped by years of manufacturing expertise," shares Manu Ravichandran, senior product manager, Rockwell Automation. "This foundation gives manufacturers the structure, context, and scalability needed to operationalize advanced analytics and AI across complex operations."
You can learn more about Plex QMS here and FactoryTalk Analytics VisionAI here
About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 26,000 problem solvers dedicated to our customers in more than 100 countries as of fiscal year end 2025. To learn more about how we are bringing Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com
Bumble is officially giving up on the rule that made it, well, Bumble.
The dating app announced Tuesday that anyone in a match can now send the first message, ending the women-message-first requirement that has been one of the company’s defining features for more than a decade.
Bumble is also giving matches 72 hours to respond, up from 24, in an effort to take some of the pressure out of coming up with a response in a short time frame. The longer window gives people more flexibility to reply, rather than feeling like they need to check the app constantly or risk a match disappearing.
The change marks a pretty significant shift for Bumble, which built its brand around putting women in control of heterosexual dating conversations. When the app launched in 2014, Bumble was positioned as the more considerate alternative to Tinder, with women deciding whether a conversation would begin and, ideally, avoiding some of the unsolicited messages and general weirdness that had become synonymous with dating apps.
Bumble founder and CEO Whitney Wolfe Herd framed the new update as an evolution rather than a retreat from the company’s original mission.
“While women making the first move was a radical idea, being women-first was never about prescribing just one way to connect. It was about designing an experience with women’s needs in mind to create better outcomes for everyone,” Herd said in a statement.
And, apparently, plenty of women are ready for this change. According to Bumble’s survey data, 66% of women surveyed said they prefer men to send the first message, with many saying it would make dating feel less stressful. Additionally, more than half of members surveyed said the longer response window improved their experience.
“Today, our community is asking for more flexibility, less pressure, and more opportunities to create real, meaningful connections, and that is what this new experience provides. This evolution isn’t a departure from our founding vision, but the realization of it,” Herd added.
The change also isn’t coming completely out of nowhere. Bumble began loosening its original rules in 2024 with “Opening Moves,” a feature that allowed women to set a question on their profile that a man could answer.
The change also arrives as Bumble tries to turn around a business that has been struggling to regain its footing. The company’s second-quarter earnings report last week showed revenue dropping 15.2% year over year to $210.5 million, while the company expects its number of paying customers to decline in the third quarter.
Over the past several quarters, Bumble has tried to address a broader slowdown in online dating, as the industry wrestles with user fatigue, an increasingly crowded market, and the reality that swiping through hundreds of profiles isn’t necessarily anyone’s idea of a great time. The company recently revealed it’s exploring a swipe-free future, along with more in-person events and AI features to garner more traction, especially among Gen Z users.
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Lauren covers media, streaming, apps and platforms at TechCrunch.
You can contact or verify outreach from Lauren by emailing [email protected] or via encrypted message at laurenforris22.25 on Signal.
Strategy (NASDAQ:MSTR | MSTR Price Prediction) currently trades at $97.33, while the Wall Street consensus price target sits at $232.50, an implied gap of 138.88%.
The company formerly known as MicroStrategy is now the world’s largest corporate holder of bitcoin, holding 846,000 BTC alongside a legacy business analytics software operation. It has become the most liquid public proxy for leveraged bitcoin exposure.
One Benchmark analyst thinks the gap between price and target is roughly two-and-a-half times wider than the sell-side average.
Bitcoin’s Slide and an $8.2 Billion GAAP Bloodbath Strategy has lost 75.37% over the past 12 months. BTC itself is down 46.14% over the same window, and Strategy trades as a levered call on the coin.
The Q2 2026 report crystallized the damage. Strategy posted a GAAP loss of -$24.45 per share against a $3.07 consensus, an 895.30% miss driven by an $8.32 billion unrealized loss on digital assets under ASU 2023-08 fair-value accounting. Revenue of $122.37 million grew 6.9% year over year but missed the $124.48 million Street forecast.
Strategy carries $6.7 billion in convertible debt, paid $400.7 million in preferred dividends and interest in Q2 alone, and the board authorized the sale of up to $1.25 billion of bitcoin to backstop the USD Reserve. Bitcoin holdings sit at a $49.7 billion carrying value against a $63.9 billion cost basis.
Why 14 of 15 Analysts Still Say Buy Analyst coverage remains overwhelmingly constructive. Ratings split 14 Buy and 1 Hold, with no Sell calls, and the average price target implies 138.88% upside.
The most vocal bull is Mark Palmer at Benchmark, who maintains a Buy rating with a $435 price target, trimmed from $570 after Q2 2026 earnings target. That $435 mark implies roughly 347% upside and anchors the headline thesis on the Street. Palmer treats Strategy as a leveraged bitcoin treasury vehicle rather than a traditional software firm, giving the model a different weighting than a software P/E lens would.
His four pillars: aggressive capital raising to compound BTC Yield per share; an expected rebound in Strategy’s premium to Net Asset Value once bitcoin enters its next cyclical upturn; capital-market execution through vehicles like the STRC preferred; and the enterprise software business, generating roughly $500 million annually, as a cash-flow backstop for debt and dividend obligations.
Recent analyst revisions have trimmed dollar targets after Q2 while keeping the Buy stance intact.
Where MSTR Fits in a Bruised Crypto Complex Coinbase (NASDAQ:COIN) trades at $148.68, down 52.12% over 12 months. The $195.52 consensus target implies about 31% upside, with 22 Buy, 9 Hold and 3 Sell ratings.
Marathon Digital (NASDAQ:MARA) sits at $9.56, down 37.84% on the year. The $18.13 average target implies about 90% upside, with 8 Buy, 4 Hold and 1 Sell.
Riot Platforms (NASDAQ:RIOT) recently printed around $20.51 and carries a $29.66 average target, roughly 45% upside, backed by 20 Buy and 1 Hold ratings.
The largest analyst-implied upside in the group belongs to Strategy by a wide margin. Wall Street views MSTR as the most oversold name in a broadly oversold cohort.
A Stock Down 75% While the S&P Is Up Double Digits Strategy trades at $97.33 versus a $232.50 consensus target across 15 covering analysts, an implied upside of 138.88%. The stock is down 75.37% over 12 months and 35.95% year to date.
The S&P 500 is up double digits year to date and over 12 months. Strategy has underperformed the index by nearly a hundred percentage points on a rolling one-year basis.
Beta sits at 3.555, book value at $83.12, and the shares trade at just 1.24 times book. Palmer’s $435 target implies roughly 347% upside on top of that discount.
The Bull and Bear Cases The bull case rests on bitcoin entering another cyclical upturn and management keeping the capital-markets machine running long enough to ride it. The path back to $232.50 runs through a rising BTC price, a restored NAV premium, and continued STRC issuance to service obligations without forced bitcoin sales. Leverage that punished shareholders on the way down amplifies returns on the way up.
The bear case assumes bitcoin is range-bound or lower from here. Preferred dividend obligations grow, the $1.25 billion BTC sale authorization gets tapped, ATM dilution keeps grinding share count higher, and prediction-market crowds price a 72.5% probability of MSCI index removal by year-end. Insider activity is currently net selling.
The upside if Palmer is right is career-making. The downside if bitcoin drifts is capital-destroying.
Contact [email protected] for any questions or corrections.
Freeport-McMoRan oznámila silné výsledky za 2. čtvrtletí: produkce i prodeje překonaly odhady a jednotkové hotovostní náklady klesly na 1,92 USD/lb. Grasberg se navíc zotavuje rychleji, než se čekalo.
SummaryFreeport's Q2 results were bullish: production and sales exceeded estimates, unit cash costs fell to $1.92/lb, and Grasberg recovery ramped up faster than I expected.Growth initiatives, including leaching optimization and Bagdad expansion, could boost U.S. copper output by 60% by 2030, providing a significant future catalyst.FCX stock is +37% YTD and +70% over the past year, as higher realized copper prices outweighed a 20% pullback in the price of gold and the Grasberg disaster.Despite a strong balance sheet and near-record copper prices, FCX faces commodity price and Grasberg execution risks, and the current valuation tempers new buying.I reiterate my HOLD rating on Freeport but reserve the right to upgrade should Grasberg ramp-up continue successfully in Q3 and the copper price stays near an all-time record high. Four 9's Purity Gold Bars
Tverdohlib/iStock via Getty Images
The stock of miner Freeport-McMoRan (FCX) is +37% YTD despite the fact that the gold rally stalled this year and the shiny metal is down ~20% from its springtime high over $5,000/oz (see chart
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of FCX, COP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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Southern Copper zvýšila za první pololetí tržby o 38,4 % na 8,54 mld. USD a upravený zisk před úroky, zdaněním a odpisy (EBITDA) o 57,5 % na 5,57 mld. USD díky vyšším cenám kovů. Zároveň mírně zvýšila výhled produkce mědi pro rok 2026 na 917 000 tun.
Key Takeaways Southern Copper's H1 EBITDA and revenues surged on higher metal prices and disciplined cost management.Southern Copper lowered copper output but raised its 2026 target to 917,000 tons from 910,000.A $19.9B decade-long investment plan aims to lift output to 1.6M tons by 2035. Southern Copper Corporation (SCCO - Free Report) shares have gained 40.9% year to date compared with the Zacks Mining - Non Ferrous industry’s rise of 25%. During this time, the Basic Materials sector has risen 18.1% and the S&P 500 has rallied 14%. The upside is fueled by SCCO’s strong first six-month results and an upward trend in copper prices despite lower production volumes.
Image Source: Zacks Investment Research
Copper prices are currently near $6.6 per pound, up 48.2% in a year, supported by tight global supply and strong demand. Imports to the United States have surged, ahead of an expected decision by the Trump administration on copper import tariffs. Global copper inventories have declined as shipments to China have risen to ease a domestic supply shortage. Along with SCCO, its peers Teck Resources Ltd (TECK - Free Report) and Freeport-McMoRan Inc. (FCX - Free Report) are gaining from this rise in copper prices.
Southern Copper has performed slightly better than Teck Resources and Freeport, which have gained 40.1% and 39.8%, respectively, so far this year.
Image Source: Zacks Investment Research
Let us take a closer look at Southern Copper’s fundamentals to assess if this is the right time to buy its shares.
SCCO Posts Strong H1 Results Amid Lower OutputRecord second-quarter revenues of $4.29 billion pushed the company’s six-month top-line to $8.54 billion, marking a 38.4% year-over-year increase. The upside was driven by higher prices for copper, molybdenum, zinc and silver.
Driven by a record-high adjusted EBITDA of $2.86 billion in the second quarter, Southern Copper's adjusted EBITDA for the first half of 2026 increased 57.5% year over year to $5.57 billion. The adjusted EBITDA margin expanded to 65.2% in the first six months of 2026 from last year’s 57.3%, reflecting stronger realized prices and disciplined cost management.
Net income attributable to SCCO also surged 71.6% year over year to a record $1.67 billion in the second quarter. The net income margin improved to 38.9% from 31.9% in the year-ago period. In the first six months, net income was 69.2% higher, driven by higher revenues.
However, SCCO’s total copper production decreased 3.8% in the first half of 2026 to 461,206 tons due to a decrease in production at the company’s Peruvian operations. While mined silver production increased 3.3%, zinc and molybdenum production fell 6.9% and 6.7%, respectively, in the same time frame.
Despite the year-to-date fall in production, the company has slightly hiked its 2026 copper production outlook to 917,000 tons from the initially stated 910,000 tons. The figure, however, still implies a 5% year-over-year decline. The downside will be driven by lower ore grades at the Cuajone and Peruvian mines.
Molybdenum production is projected at 27,900 tons, a 7% increase from its previous target, indicating a 10% decline from the 2025 level. Silver output is projected at 24 million ounces, a decrease of 1% from 2025. Zinc production for the year is projected at 163,900 tons, 7% lower than the 2025 level.
Southern Copper’s Solid Balance SheetFor the first six months of 2026, SCCO’s operating cash flow increased 116.9% to $3.68 billion, supported by stronger earnings and lower operating working capital requirements. Cash and cash equivalents stood at $5.67 billion as of June 30, 2026, while short-term investments totaled $1.66 billion.
Over the past few years, Southern Copper has successfully lowered its debt levels. Long-term debt was $7.99 billion at the end of June 30, 2026, following the issuance of $1.25 billion of 10-year senior unsecured notes carrying a 5.35% interest rate. The proceeds are intended primarily to support the Tía María project and other capital needs of the company’s Peruvian operations.
SCCO’s Long-term Growth Remains SolidSouthern Copper has the largest copper reserves in the industry and operates high-quality, world-class assets in investment-grade countries, such as Mexico and Peru. Backed by its constant commitment to increasing low-cost production and growth investments, the company is well-poised to continue delivering enhanced performance.
Despite these near-term headwinds, Southern Copper maintains a strong long-term outlook, targeting a significant ramp-up in output to 1.6 million tons by 2035. This implies a compound annual growth rate (CAGR) of 5.3% from the 2025 reported levels.
To support this growth plan, the company intends to invest $20.5 billion over the next decade, with the bulk of the capital allocated to projects in Peru. A substantial portion of this spending is scheduled through 2031 as key development projects progress.
Production is expected to increase to 1.15 million tons by 2031, 1.476 million tons in 2032 and continue rising steadily to reach the above-mentioned 1.6-million-ton target by 2035.
This trajectory highlights SCCO’s confidence in its robust and diversified project pipeline spanning Peru and Mexico. Key growth catalysts include the Tía María, Los Chancas and Michiquillay projects in Peru, along with El Pilar and El Arco in Mexico, all of which underpin SCCO’s long-term expansion pipeline.
SCCO’s Estimates Indicate Y/Y RiseThe Zacks Consensus Estimate for Southern Copper’s 2026 sales is $16.86 billion, indicating a 25.6% year-over-year jump. The consensus mark for the year’s earnings is pegged at $7.63 per share, suggesting a rally of 45.6%.
The Zacks Consensus Estimate for 2027 sales implies an 8.6% year-over-year dip. The same for earnings suggests a fall of 11.7%.
EPS estimates for 2026 have moved 5.2% north over the past 60 days, while the same for 2027 has moved up 7% over the past 60 days.
Image Source: Zacks Investment Research
Southern Copper’s Premium ValuationThe Southern Copper stock is currently trading at a forward 12-month earnings multiple of 27.60X, which is a premium to the industry average of 23.39X.
Image Source: Zacks Investment Research
Meanwhile, Teck Resources and Freeport are trading higher at 21.51X and 21.22X, respectively.
Final Take on SCCO StockSouthern Copper has delivered a strong year-to-date stock performance and reported first-half results, supported by higher metal prices and increased revenues. Positive revisions to earnings estimates and favorable copper prices further support the stock. However, near-term production headwinds and a premium valuation remain concerning.
Existing shareholders should stay invested in the SCCO stock to benefit from its solid long-term growth prospects. The company currently has a Zacks Rank #3 (Hold), which supports our thesis.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Akcie Plug Power vzrostly o 10 % po výsledcích za 2. čtvrtletí 2026, když tržby ve výši 178,3 mil. USD překonaly odhady 168,8 mil. USD a hrubá marže se zlepšila z -31 % před rokem zhruba na nulu. Firma zároveň zvýšila celoroční výhled růstu tržeb na 15 % až 16 %.
Plug Power (NASDAQ:PLUG) stock is rising 10% to $2.32 Tuesday morning after the hydrogen fuel cell maker reported Q2 2026 results Monday after the close. The report showed a sharp margin turnaround, disciplined cost cuts, and a raised full-year revenue outlook that reset the narrative on Plug Power’s long-running transformation effort.
The move looks company-specific rather than thematic. Shares of fuel-cell sector peers FuelCell Energy (NASDAQ:FCEL) and Bloom Energy (NYSE:BE) are up only 2% to $20.18 and $214.36, respectively, and the Global X Hydrogen ETF (NASDAQ:HYDR) is climbing 2% to $44.26. Plug Power’s outperformance suggests traders are rewarding company-specific results.
Plug Power stock still trades near multi-year lows. The shares are down 91.5% over the past five years, so today’s pop reflects fresh optimism about the margin trajectory rather than a full recovery in the equity.
Margin Turnaround Fuels the Pop Plug Power reported Q2 2026 revenue of $178.3 million, topping estimates of $168.8 million. The company’s gross margin improved to approximately breakeven from -31% a year ago, while operating expenses fell 50% year over year (YoY) on cost discipline and asset monetization.
The company raised its full-year 2026 revenue growth guidance to a range of 15% to 16% and reiterated its target of reaching positive EBITDAS (earnings before interest, taxes, depreciation, amortization, and stock-based compensation) in Q4 2026. Plug Power’s management cited asset-monetization moves generating $80 million of near-term liquidity toward a $275 million total target.
Operational highlights added to the optimism. Plug Power deployed 1,666 GenDrive fuel cell units, up 125% YoY, while service revenue grew 82% YoY with a 27% positive service margin. Electrolyzer project wins across Europe and Australia rounded out the commercial update.
Plug Power CEO Jose Luis Crespo framed the quarter as evidence of a broader turnaround, stating: “Our second quarter results demonstrate that Plug is executing its transformation into a stronger, more efficient and profitable company.”
Peers Rise in Sympathy FuelCell Energy stock and Bloom Energy shares are getting a modest read-through bid rather than trading on their own news. Both companies operate in the hydrogen and stationary fuel cell space, and both have benefited over the past year from the AI data center power narrative. Year to date (YTD), FuelCell Energy stock is up 178% and Bloom Energy shares have climbed 146%, while Plug Power stock remains a long-term laggard.
The Global X Hydrogen ETF offers the thematic backdrop. It’s a narrow, unleveraged thematic fund holding hydrogen and fuel cell names, with Plug Power, FuelCell Energy, and Bloom Energy among its largest U.S. positions. That concentration is worth noting for investors sizing exposure, since a handful of small-cap names can drive much of the daily move. A 2% gain against Plug Power stock’s 10% pop underscores that today is largely a single-name story.
Keep the balance in view on Plug Power; the company remains deeply unprofitable. Plug Power’s GAAP EPS came in at -$0.14, missing analyst estimates of -$0.08, though it improved from -$0.20 a year earlier. The margin trajectory is encouraging, but the path to sustained profitability isn’t yet proven.
What To Watch Traders can watch for whether Plug Power stock holds today’s gains into the close and whether analyst notes ratify the raised outlook. The bigger test arrives in the third and fourth quarters, when Plug Power’s second-half-weighted revenue cadence and positive EBITDAS target for Q4 2026 have to face real numbers rather than commentary.
The hydrogen ETF’s muted move is a useful tell. If the theme were re-rating today, HYDR and the peer names would be closer to Plug Power stock’s 10% jump. For now, this looks like a margin-turnaround story trading on its own merits, with liquidity from asset sales providing a bridge to the promised Q4 2026 inflection.
Investors weighing exposure to Plug Power can consider modest position sizing given the company’s history of losses, execution risk on asset monetization, and the still-unproven path to profitability. The story is improving, but it’s early.
Contact [email protected] for any questions or corrections.
Clover Health uvedl, že v roce 2026 očekává první celý rok zisku podle GAAP a asi 50% růst počtu členů. Firma staví růst Medicare Advantage na platformě Clover Assistant s AI.
MarketBeat Week in Review – 03/03 - 03/07Clover Health Investments NASDAQ: CLOV is positioning its Medicare Advantage model around earlier identification and treatment of chronic conditions, Interim Chief Financial Officer Clay Thornton said during a Canaccord Genuity conference presentation.
Thornton said the company’s goal is to equip physicians with artificial intelligence-powered technology that can identify, manage and treat chronic disease earlier. He said earlier intervention can support higher-quality care and more affordable, accessible care for Medicare Advantage members.
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Missed the Hims & Hers Rally? Clover Health Could Be NextThe company’s approach differs from many Medicare Advantage peers in five areas, Thornton said: technology, care strategy, in-home services, risk retention and network design. Clover’s Clover Assistant platform is built on more than 100 patient data sources and uses more than 100 AI and machine-learning models to provide individualized clinical insights at the point of care, according to Thornton.
He said clinicians using the technology have been associated with lower hospitalizations and readmissions, while chronic kidney disease stage 3 diagnoses occurred 18 months earlier and diabetes treatment began 36 months earlier compared with cases where clinicians did not use the platform.
In-home care and member engagement Thornton said Clover reaches approximately two-thirds of its members in a given year through at least one visit from a Clover Assistant-powered clinician. The company deploys the technology through its provider network and through Clover Care Services, which includes in-home assessments, readmission-prevention services and longitudinal primary care for members with more complex needs.
In Medicare, about 10% of members can account for roughly 60% of costs, Thornton said. Clover seeks to manage that higher-cost population through its in-home care program, with multiple clinician visits during the year. Enrollment in the program increased 84% relative to 2025, compared with roughly 50% membership growth across the company’s full book of business, he said.
The company retains full economic risk for its membership rather than delegating risk to providers, a model commonly used by other Medicare Advantage insurers. Thornton said Clover may be at an economic disadvantage during a member’s first two years but expects returns to improve as members remain enrolled longer and the company’s clinical interventions compound.
About 49% of Clover’s membership remains within the first two years of that lifecycle, including roughly 28% in their first year and 21% in their second year, he said. Thornton said the company expects cohort maturation to become more meaningful in 2027 and 2028 as newer members move into later years of enrollment.
New Jersey growth and retention New Jersey remains Clover’s largest market. The company has doubled its overall membership over a two-year period, Thornton said, while its New Jersey market share increased to 31% from 20%. He said Clover had become the largest provider of non-special-needs Medicare Advantage plans in the state after surpassing United earlier this year.
Thornton said New Jersey offers both market-share and organic expansion opportunities, as Medicare Advantage penetration in the state is approximately 42%, compared with a national rate of a little more than 50%.
Clover’s network is 98% PPO, according to Thornton, allowing members to access lower-cost in-network benefits while also receiving care outside the network. He said the broader industry has increasingly shifted toward HMO products as a means of controlling costs, while Clover plans to remain “PPO first.”
The company retained more than 95% of members in the most recent annual enrollment period, Thornton said. He attributed retention in part to stable or improved benefits during a period when larger competitors have changed benefit offerings. He also said Clover has limited exposure to e-brokers, which he said can generate growth but may also contribute to weaker retention.
Profitability outlook and 2027 positioning Thornton said Clover has grown membership at a 40% compound annual growth rate over the past two years, sustained adjusted EBITDA profitability and improved operating leverage by 500 basis points. For 2026, the company is guiding for its first full year of GAAP net income profitability alongside approximately 50% membership growth.
Rather than focusing primarily on medical loss ratio in a given year, Thornton said Clover monitors contribution profits by member cohort and consolidated gross profit per member per month. He said the company expects effective cohort progression to result in lower medical loss ratios over time.
Looking toward 2027, Thornton said Clover expects further disruption in the Medicare Advantage annual enrollment period as competitors respond to industry pressures. He said the company believes its product design and stable benefit approach position it to capitalize on member shopping activity.
On Star Ratings, Thornton said Clover’s 2027 bids were submitted at 4.5 stars. He said the company expects greater clarity on payment-year 2028 ratings in coming months as the federal plan-preview process advances. Thornton also said Counterpart Health, Clover’s separate business, continues to expand testing in new markets.
About Clover Health Investments (NASDAQ:CLOV)Clover Health Investments is a technology-driven healthcare company specializing in Medicare Advantage plans for senior populations. The company combines insurance coverage with a proprietary software platform to improve care coordination, outcomes tracking and cost management. By leveraging data analytics, Clover Health aims to deliver personalized care pathways and preventive interventions for its members.
At the core of Clover's offering is its Clover Assistant platform, which aggregates clinical and claims data from multiple sources to create real-time insights for physicians and care teams.
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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JD.com zveřejní hospodářské výsledky za 2. čtvrtletí 13. srpna. Tržby mají meziročně vzrůst o 3,53 % na 51,55 miliardy USD, zisk na akcii o 24,64 % na 86 centů.
Key Takeaways JD.com may benefit from 618-driven traffic, demand and merchant activity across its retail ecosystem.Food delivery, JD Logistics and new retail initiatives could support engagement and transaction activity.Electronics demand and heavy investment in delivery, international expansion and AI may pressure margins. JD.com (JD - Free Report) is scheduled to release second-quarter 2026 results on Aug. 13.
The Zacks Consensus Estimate for JD’s second-quarter revenues is pegged at $51.55 billion, indicating an increase of 3.53% on a year-over-year basis.
The consensus mark for second-quarter earnings is pegged at 86 cents per share, up by 5 cents over the past 30 days, indicating growth of 24.64% from the year-ago quarter's reported figure.
JD beat the Zacks Consensus Estimate for earnings in all the trailing four quarters, with an average surprise of 23.79%.
Let us see how things have shaped up for the upcoming announcement.
Key Factors to Note for JD’s Q2 EarningsJD.com is likely to see its second-quarter performance shaped by promotional activity, improving service engagement and retail ecosystem development. The 618 Grand Promotion, which ran from May 30 through June 18, likely supported customer traffic, merchandise demand and merchant participation. JD.com highlighted strong activity across online retail, offline stores and AI-powered products during the campaign, suggesting potential benefits for transaction volumes and advertising activity during the quarter. The company’s expansion of AI-enabled retail tools may have further supported traffic allocation, product discovery and merchant efficiency during the period.
Service businesses are expected to have provided support. Food delivery may have continued to strengthen customer engagement and cross-category purchases, while JD Logistics is likely to have benefited from delivery activity and use of automation and robotics. The June launch of the first JD MALL in Hong Kong may have supported offline retail presence and provided additional exposure to electronics and home appliances. Meanwhile, the addition of South Korea’s 11Street official flagship store to JD.com’s cross-border platform may have broadened product selection and international merchant participation.
However, electronics and home appliances are likely to have seen mixed demand, as the higher comparison base from last year’s trade-in activity and increased smartphone and PC prices may have influenced purchasing patterns. Promotional intensity during the 618 period may also have affected product mix and margins. Continued investment in food delivery and international expansion, including Joybuy, may have weighed on profitability, although improving operating efficiency is expected to have provided some offset. The company’s ongoing investments in AI and technology may also have kept operating expenses elevated during the quarter, while potentially supporting longer-term efficiency gains.
What Our Model SaysAccording to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that is not the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.
JD has an Earnings ESP of 0.00% and a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Stocks to ConsiderHere are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
Advance Auto Parts (AAP - Free Report) has an Earnings ESP of +8.04% and a Zacks Rank #3 at present.
Advance Auto Parts is slated to report its second-quarter 2026 results on Aug. 20. The Zacks Consensus Estimate for Advance Auto Parts’ second-quarter 2026 earnings is pegged at 81 cents per share, up by a penny over the past 30 days, indicating an improvement of 17.39% from the year-ago quarter’s reported figure.
Analog Devices (ADI - Free Report) has an Earnings ESP of +2.37% and a Zacks Rank #2 at present.
Analog Devices is slated to report third-quarter fiscal 2026 results on Aug. 19. The Zacks Consensus Estimate for Analog Devices’ third-quarter fiscal 2026 earnings is pegged at $3.33 per share, up by 4 cents over the past 30 days, indicating a rise of 62.4% from the year-ago quarter’s reported figure.
Applied Materials (AMAT - Free Report) has an Earnings ESP of +1.52% and carries a Zacks Rank #2 at present.
Applied Materials is set to report third-quarter fiscal 2026 results on Aug. 13. The Zacks Consensus Estimate for Applied Materials’ third-quarter earnings is pegged at $3.36 per share, up by a penny over the past 30 days, indicating a rise of 35.5% from the year-ago quarter’s reported figure.
Cloudflare za poslední tři měsíce vzrostl o 65,4 % díky silné poptávce po bezpečnosti v oblasti AI a růstu počtu velkých zákazníků. Tržby ve 2. čtvrtletí stouply meziročně o 36 % na 696,1 milionu USD.
Key Takeaways Cloudflare is benefiting from rising AI security demand across SASE and Zero Trust offerings.Large customers drove growth, with 120% dollar-based net retention and revenues up 36% year over year.Cloudflare's premium valuation reflects strong investor confidence in AI security and customer growth. Cloudflare Inc. (NET - Free Report) shares have surged 65.4% in the past three months, outperforming the Zacks Internet - Software industry’s appreciation of 13.3%. The stock also outperformed its industry peers, including F5 Networks, Inc. (FFIV - Free Report) , BlackBerry Limited (BB - Free Report) and Allot Ltd. (ALLT - Free Report) . In the past three months, shares of F5 Networks and BlackBerry have gained 16.5% and 42.5%, respectively, while Allot shares have plunged 9.7%.
The outperformance of Cloudflare’s shares raises the question: Does it still have room to run, or is it time for investors to consider taking profits? Let’s find out.
3 Month Price Return Performance
Image Source: Zacks Investment Research
AI Security Demand Bodes Well for Cloudflare's ProspectsCloudflare is seeing stronger demand for its SASE and Zero Trust offerings as companies look to adopt artificial intelligence (AI) more securely. Management said the key reason big companies are approaching Cloudflare is that they know they need AI but want to deploy it securely. This is creating new opportunities for the company’s SASE and Zero Trust platforms, particularly as enterprises need to secure AI agents in addition to human users.
Cloudflare believes its developer-focused approach gives it an advantage in this market. Management said companies will have more AI agents working across their organizations and will need a security model designed for these agents. In one example, a large U.K. government agency was evaluating a first-generation Zero Trust provider but reconsidered the project after discussing its plans for AI agents with Cloudflare. Management said the agency canceled its existing request for proposal and is now reevaluating the project with an agents-first approach. Cloudflare believes its developer-focused approach has helped its SASE and Zero Trust platforms gain significant share over the past six months.
Customer wins in the quarter also show demand for Cloudflare’s security platform. A Fortune 100 technology company signed a $5.2 million, three-year contract for Cloudflare’s full SASE portfolio. The customer is replacing legacy VPNs and virtual desktops and moving its global workforce to a single Zero Trust platform. Cloudflare beat two first-generation Zero Trust vendors in the deal because of its network performance and unified management, with the customer expecting to operate the services with roughly one-third the staff.
The broader shift toward AI could therefore support Cloudflare’s SASE and Zero Trust growth. The company is also seeing enterprises replace fragmented security tools with its unified platform. Sustaining its recent market-share gains will depend on how well Cloudflare can convert growing AI security needs into larger and longer-term enterprise contracts. The Zacks Consensus Estimate for Cloudflare’s 2026 and 2027 revenues indicates year-over-year growth of 31.1% and 28.2%, respectively.
Image Source: Zacks Investment Research
Large-Customer Growth Boosts Cloudflare's ProspectsCloudflare is seeing strong momentum among its largest customers, which is driving strong revenue growth and customer retention. In the second quarter of 2026, the company ended with 4,698 customers generating more than $100,000 in annual revenues, up 27% year over year. Cloudflare added 282 large customers during the second quarter and a record 986 net additions in large customers, year over year. Each large-customer group, from $100,000 to more than $5 million in annual revenues, posted record year-over-year net additions in the second quarter of 2026.
Large customers are also becoming a bigger part of Cloudflare’s business. They accounted for 73% of total revenues in the second quarter, up from 71% a year ago. Strong expansion among these customers helped push dollar-based net retention to 120%, up from 118% in the previous quarter and 114% a year ago. This shows that existing customers are increasing their spending on Cloudflare’s products, while the company continues to add new large accounts.
The strong performance of large customers is supporting Cloudflare’s overall financial growth. Second-quarter revenues increased 36% year over year to $696.1 million. Management said new customer bookings grew at their fastest rate in more than five years, while pipeline generation increased at its fastest sequential pace in five years. Cloudflare added more than 80,000 paying customers during the second quarter, resulting in 74% year-over-year growth in its paying customer base.
The above-mentioned factors show that Cloudflare’s growing large-customer base could support future revenue growth if these customers continue to expand their use of Cloudflare's platform. The company is also seeing customers adopt multiple products, including its developer platform, Zero Trust and application security offerings. As of now, maintaining 120% net retention will depend on continued expansion among existing customers.
Long-Term Prospects Justify NET’s Premium ValuationCloudflare is currently trading at a higher price-to-sales (P/S) multiple compared with the industry. NET’s forward 12-month P/S ratio sits at 32.97X, higher than the industry’s forward 12-month P/S ratio of 4.06X.
NET Forward 12-Month P/S Ratio
Image Source: Zacks Investment Research
NET stock also trades at a higher P/S multiple compared with other industry peers, including F5 Networks, BlackBerry and Allot. At present, F5 Networks, BlackBerry and Allot have P/S multiples of 6.46X, 8.09X and 2.92X, respectively.
NET’s rally reflects strong investor confidence in AI security demand and large-customer growth, putting it above industry and peers in terms of valuation, reflecting the high growth expectations of the company in the long term.
Key Technical Indicator Signals Bullish Trend for NETCloudflare shares are trading above their 50-day and 200-day moving averages, a bullish technical signal that indicates the potential for continued upward momentum in the near term.
NET 50-Day & 200-Day Simple Moving Averages
Image Source: Zacks Investment Research
Conclusion: Buy Cloudflare Stock Right NowCloudflare’s strong growth in AI security, SASE and Zero Trust, along with rising demand from large customers, supports its long-term growth outlook. The company’s strong revenue growth estimates and improving customer spending support the outlook for continued growth. Further, the stock’s valuation reflects high growth expectations, as Cloudflare remains well positioned to benefit from rising AI security demand over the long term.
Currently, Cloudflare carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
OrganiGram vykázal za čtvrtletí ztrátu 0,05 USD na akcii, což bylo horší než odhadovaná ztráta 0,01 USD. Tržby dosáhly 76,41 milionu USD a byly o 12,95 % vyšší než odhad.
OrganiGram (OGI - Free Report) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to a loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -400.00%. A quarter ago, it was expected that this cannabis producer would post a loss of $0.01 per share when it actually produced a loss of $0.01, delivering no surprise.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
OrganiGram, which belongs to the Zacks Medical - Products industry, posted revenues of $76.41 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 12.95%. This compares to year-ago revenues of $51.16 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.
OrganiGram shares have lost about 37.5% since the beginning of the year versus the S&P 500's gain of 13.3%.
What's Next for OrganiGram?While OrganiGram 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 OrganiGram 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 $0.01 on $79.35 million in revenues for the coming quarter and $0.09 on $241.36 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 - Products is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
FitLife Brands Inc. (FTLF - 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 13.
This company is expected to post quarterly earnings of $0.18 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.
FitLife Brands Inc.'s revenues are expected to be $26.5 million, up 64.3% from the year-ago quarter.
Lam Research rozšiřuje aktivity do panelového packagingu pro větší AI čipy. Tržby z advanced packaging mají v kalendářním roce 2026 růst o více než 70 % meziročně.
Key Takeaways Lam Research is expanding into panel-level packaging to address larger, more complex AI chip designs.Advanced-packaging revenues are expected to grow more than 70% year over year in calendar 2026.Lam Research has shipped 510x515-mm panel systems and plans its first 310x310-mm tool this year. Lam Research Corporation (LRCX - Free Report) is expanding its opportunity in advanced packaging as artificial intelligence (AI) chips become larger and more complex. The company seems to be now focusing on the Panel-Level Packaging (“PLP”) method. In this connection, it established a Panel-Level Packaging Center of Excellence in Salzburg, Austria, in May 2026 to accelerate research, customer qualification and production readiness.
PLP is a semiconductor packaging method in which multiple chips are assembled on a large, flat panel rather than individual circular wafers. This approach allows manufacturers to process more chips at once, potentially reducing production costs and improving efficiency.
The move is strategically important because future AI systems are expected to use more chiplets, high-bandwidth memory (HBM) stacks and larger packages. Lam Research expects advanced-packaging revenues to grow more than 70% year over year in calendar year 2026, providing a potentially meaningful new growth driver.
PLP could also expand Lam Research’s served market. The company has already shipped 510x515-millimeter panel systems to development programs in multiple regions and plans to ship its first 310x310-millimeter panel tool this year. These tools are designed to address the manufacturing challenges created by larger AI packages.
The opportunity comes at an attractive time. Lam Research generated record fourth-quarter fiscal 2026 revenues of $6.72 billion, up 30% year over year and 15% sequentially. Non-GAAP earnings per share (EPS) jumped nearly 37% year over year and 24% sequentially to $1.82. Management expects 2026 wafer fabrication equipment spending to reach the low-$150 billion range, which bodes well for the company.
PLP is more than a niche initiative. If AI package sizes continue expanding, this technology could widen Lam Research’s market opportunity and support sustained growth beyond traditional wafer-fab equipment. The Zacks Consensus Estimate for fiscal 2027 revenues is pegged at $33.9 billion, indicating a year-over-year increase of approximately 46%.
Can Rivals Challenge Lam Research in Advanced Packaging?Lam Research is not alone in targeting the fast-growing advanced-packaging market. Applied Materials, Inc. (AMAT - Free Report) is expanding its packaging portfolio as AI chips require more complex integration. Applied Materials expects its advanced-packaging revenues to grow more than 50% in calendar year 2026, making it a significant competitor to LRCX’s push into panel-level packaging. In the last reported financial results for the second quarter of fiscal 2026, Applied Materials’ revenues increased 11.4% year over year to $7.91 billion, while non-GAAP EPS rose 19.7% to $2.86.
KLA Corporation (KLAC - Free Report) is another strong competitor, particularly in inspection and process control for advanced packaging. KLAC expects advanced-packaging revenues to be between $1 billion and $1.1 billion in 2026, up from approximately $635 million in 2025. Its packaging portfolio covers process control for wafers, panels and components, giving it exposure to the same shift toward larger and more complex packages. In the last reported financial results for the fourth quarter of fiscal 2026, KLAC’s revenues increased 15.2% year over year to $3.66 billion, while non-GAAP EPS jumped 11.7% to $1.05.
The competitive landscape is strengthening as AI drives greater use of chiplets, HBM and larger packages. However, Lam’s focus on panel-level processing could differentiate it, particularly as AI packages become too large for traditional wafer-based approaches.
LRCX’s Share Price Performance, Valuation and EstimatesShares of Lam Research have surged 79% year to date compared with the Zacks Electronics – Semiconductors industry’s rise of 32.8%.
Lam Research YTD Price Return Performance
Image Source: Zacks Investment Research
From a valuation standpoint, Lam Research trades at a forward price-to-earnings ratio of 32.32, significantly higher than the industry’s average of 14.54.
Lam Research Forward 12-Month P/E Ratio
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Lam Research’s fiscal 2027 and 2028 earnings implies a year-over-year increase of approximately 59% and 23%, respectively. Estimates for fiscal 2027 have been revised upward over the past 30 days, while estimates for fiscal 2028 have been raised over the past seven days.
Image Source: Zacks Investment Research
Lam Research currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Western Digital ve fiskálním roce 2026 zvýšil hrubou marži na 49,1 % díky vyšším kapacitám disků a lepším cenám. Firma čeká další zlepšení s náběhem ePMR disků až 40TB, které už začala dodávat ve 4. fiskálním čtvrtletí, a 44TB HAMR produktů.
Key Takeaways WDC's gross margin rose to 49.1% in fiscal 2026, driven by higher-capacity drives and pricing.Next-gen ePMR drives up to 40TB are expected to reach 50% of nearline bits by fiscal 2027's third quarter.WDC's cost per terabyte fell 8%, while 44TB HAMR products could support further margin gains. Western Digital Corporation (WDC - Free Report) is seeing higher-capacity drives play an increasingly important role in improving its margins. The company reported strong financial performance in fiscal 2026, with gross margin expanding 970 basis points (bps) to 49.1%. In the fiscal fourth quarter, gross margin increased 1,310 bps year over year to 54.4%. The improvement was driven by a mix shift toward higher-capacity drives, favorable pricing across the portfolio and disciplined execution in manufacturing operations.
The company began shipping its next-generation ePMR hard drives with capacities of up to 40 terabytes in the fiscal fourth quarter and expects a strong ramp over the following quarters. On the latest earnings call, management highlighted that the company is on track for these drives to account for 50% of nearline bits by the third quarter of fiscal 2027. The greater availability of higher-capacity drives is expected to provide additional opportunities for pricing while enabling the company to ship more capacity into the market.
Higher-capacity drives are also helping Western Digital improve its cost structure. Cost per terabyte declined approximately 8% year over year in the fiscal fourth quarter, while the company expects its long-term cost per terabyte to decline about 10% annually. Management attributed this reduction primarily to the transition toward higher-capacity drives and improved areal density. As the company executes its technology and product road map, including next-generation ePMR and HAMR products, cost per terabyte is expected to continue declining over time.
At the same time, higher-capacity drives provide more value to customers through better total cost of ownership, allowing Western Digital to increase price per terabyte while reducing cost per terabyte. Management stated this combination as a key factor supporting further gross margin improvement. The company reported incremental gross margins of 75% in fiscal 2026 compared with 60% in fiscal 2025, and ended the fourth quarter with year-over-year incremental gross margin of 84% to 85%. It expects approximately 80% to 81% incremental gross margin in the first quarter of fiscal 2027. Western Digital anticipates non-GAAP gross margin in the range of 55-56% for the first quarter.
Western Digital expects continued gross-margin improvement as it ramps higher-capacity ePMR drives and introduces 44-terabyte HAMR products. Management believes these product transitions can support more exabyte shipments at better pricing while reducing costs over time, providing a basis for continued margin expansion.
Taking a Look at WDC’s CompetitorsSeagate Technology Holdings plc’s (STX - Free Report) fourth-quarter fiscal 2026 non-GAAP gross margin reached 52.7%, up 570 bps sequentially and 1,480 bps year over year. The company expanded non-GAAP gross margin for the 13th consecutive quarter. Non-GAAP operating margin rose to 44.6% from 26.2% in the year-ago quarter, highlighting the scalability of the company’s operating model. Free cash flow reached $1.12 billion in the June quarter, representing a margin of approximately 31%, while fiscal 2026 free cash flow climbed to a record $3.1 billion. Management expects cash generation to improve sequentially throughout fiscal 2027, supported by revenue growth, pricing, operating leverage and capital expenditures maintained within 4–6% of revenues.
Sandisk Corporation’s (SNDK - Free Report) fourth-quarter fiscal 2026 non-GAAP gross margin expanded to 84.6% from 78.4% in the previous quarter and 26.4% reported in the year-ago quarter. The result exceeded management’s 79-81% guidance. Non-GAAP operating margin rose to 79.2% from 70.9%, reflecting strong revenue growth and cost leverage. Adjusted free cash flow totaled $5.04 billion, excluding $1.94 billion of customer prepayments and deposits related to the new business models. For the first quarter of fiscal 2027, Sandisk expects revenues of $10.3-$10.8 billion. Non-GAAP gross margin is expected between 83% and 85%.
WDC Price Performance, Valuation and EstimatesIn the past year, shares of WDC have surged 479% compared with the Zacks Computer-Storage Devices industry’s growth of 348%.
Image Source: Zacks Investment Research
Going by the price/earnings ratio, the company’s shares currently trade at 20.86 forward earnings compared with 9.43 for the industry.
Image Source: Zacks Investment Research
WDC’s estimate revisions are on an upward trajectory. The Zacks Consensus Estimate for WDC’s earnings for fiscal 2026 has been revised north by 4.96% to $18.85 over the past 60 days, while the same for fiscal 2027 has gone up 17.76% to $35.48.
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Currently, Western Digital has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Paramount schválil plán přesunout hollywoodské studio z Kalifornie, pokud do 1. října nedojde k jednání o smíru s generálním prokurátorem Robem Bontou. David Ellison uvedl, že by firma mohla odejít do Tennessee, Texasu, Georgie nebo jiného státu.
Paramount’s board has approved a plan to move the Hollywood studio out of California if the state’s attorney general Rob Bonta doesn’t agree to settlement talks in his bitter antitrust case by Oct. 1, according to reports.
Paramount CEO David Ellison told his top lieutenants last week that his company would relocate to Tennessee, Texas, Georgia or another state if Bonta refuses to come to the table in his case opposing Paramount’s $110 billion acquisition of Warner Bros. Discovery, Puck and Variety reported Tuesday.
The mogul discussed the ultimatum during an hourlong lunch meeting last Wednesday with Paramount’s 12-member Executive Leadership Team on the company’s storied Hollywood lot, according to Puck, which cited two people with direct knowledge of the meeting.
Paramount could eventually shift most studio jobs out of California under a five-year relocation strategy CEO David Ellison outlined to senior executives, according to Puck. Getty Images Ellison told the group that Paramount’s board, which he controls, had already signed off on the relocation plan, the report said.
The 43-year-old son of Oracle billionaire Larry Ellison set an Oct. 1 deadline for resolving the dispute since that’s the date a so-called $7 million-per-day “ticking fee” tied to the Warner Bros. deal is set to kick in, according to the report.
If there are no negotiations, Ellison said he would move either Paramount or the combined Paramount-Warner Bros. company out of California regardless of how the antitrust litigation ultimately plays out, Puck reported.
The Post has sought comment from Paramount and Bonta.
Ellison said the headquarters would be the first operation to relocate, with incentives from whichever state ultimately lands the company helping finance the move, according to the report.
He is already in contact with multiple states and is developing a five-year plan that would eventually shift most of the studio’s jobs to its new home, Puck reported.
Ellison estimated that leaving California would save Paramount $500 million a year in taxes.
Paramount CEO David Ellison has set an Oct. 1 deadline to resolve the company’s antitrust battle with California before pressing ahead with plans to relocate, according to Puck. AFP via Getty Images The company could also raise cash by selling the Paramount and Warner Bros. studio lots, each of which has been valued as high as $4 billion, Puck reported, while noting that the properties could fetch less given Los Angeles’ battered production market.
Paramount would nevertheless maintain a creative presence in Hollywood because many of its talent partners and vendors remain there, while executives and other business operations would be expected to relocate, according to the report.
Ellison told executives he still wants the combined company — and roughly 30,000 jobs — to remain in Southern California, Puck reported.
But he argued that relocating would be preferable to cutting content spending or restructuring the company as it shoulders the mounting cost of fighting the states and paying roughly $650 million in quarterly ticking fees, according to the report.
California Gov. Gavin Newsom has stayed publicly quiet about the antitrust suit, but privately favors a settlement between Paramount and the state, according to Puck. Anadolu via Getty Images The Warner Bros. deal could also leave Paramount on the hook for a $7 billion breakup fee if it fails to close by next June, Puck reported.
The relocation plan marks a dramatic escalation in Ellison’s showdown with Bonta, who is leading California and 11 other states in a federal antitrust lawsuit seeking to block the Warner Bros. acquisition.
Bonta’s office blasted the latest maneuver, telling Puck that it is “another attempt to blackmail the state into letting an illegal deal through.”
“Paramount has lost the plot as it continues to lose in court.”
Ellison nevertheless expressed confidence during last week’s meeting that Paramount would defeat the states’ case and eventually complete the Warner Bros. deal, according to Puck.
His remarks reportedly rattled some members of Paramount’s leadership team.
Several executives later told colleagues about the meeting amid concerns about uprooting their families and disbelief that the dispute with California had deteriorated to the point where Paramount could leave the state, according to Puck.
California Attorney General Rob Bonta is leading an antitrust challenge by California and 11 other states seeking to stop Paramount’s $110 billion Warner Bros. Discovery acquisition. REUTERS Among those reportedly attending the meeting were studio chiefs Dana Goldberg and Josh Greenstein, streaming boss Cindy Holland and CBS chief George Cheeks.
Ellison is meanwhile trying to build political and industry pressure on Bonta to negotiate.
Paramount previously proposed a consent decree containing 12 concessions, including promises to keep both the Paramount and Warner Bros. lots operating and to release 30 movies a year through the two studios, Puck reported.
The company also offered theater chains a minimum 45-day theatrical window and a 90-day window before movies move to Paramount+, according to the report.
AMC Theatres and Regal owner Cineworld have backed the merger after receiving the proposal, while Cinemark’s board is expected to discuss whether to join them this week, Puck reported.
Bonta, however, has resisted the overtures, with the site reporting that he would presumably seek major structural remedies rather than Paramount’s piecemeal concessions.
Carvana ve 2. čtvrtletí zvýšila maloobchodní prodeje o 38 % na rekordních 197 325 vozů a upravená EBITDA vzrostla na 769 mil. USD. Marže ale klesla na 10,4 % a valuace zůstává vysoká.
Key Takeaways Carvana's retail units jumped 38% in Q2 2026, while it targets 3 million annual vehicle sales by 2030-2035.CVNA's adjusted EBITDA rose to $769M, but margin fell to 10.4% and gross profit per unit declined.Carvana's liquidity reached $7B, while inventory gaps, scaling demands and debt remain key risks. Carvana Co. (CVNA - Free Report) is scaling quickly, with higher retail volumes, rising adjusted EBITDA and improving cash generation supporting its long-term growth case. The company is also expanding production capacity through ADESA as it targets a much larger share of the used-vehicle market.
The trade-off is valuation. CVNA already reflects substantial growth expectations, while inventory constraints, execution demands and sizable debt leave little room for operational missteps.
Carvana’s Growth Case Remains PowerfulRetail units sold rose 38% year over year in the second quarter of 2026 to a record 197,325, nearly double the level two years earlier. Carvana estimates that it holds only about 2% of used-vehicle retail and continues to target 3 million annual vehicle sales between 2030 and 2035.
ADESA is central to that expansion. Carvana integrated retail production at three more ADESA locations in the quarter, bringing the total to 19. Its current footprint offers fully built-out annual capacity for about 1.5 million retail units and real estate capacity for 3 million units.
Carvana's closest peers include CarMax, Inc. (KMX - Free Report) — the #1 player in the used-vehicle space— and Sonic Automotive (SAH - Free Report) , whose EchoPark unit deals exclusively in used vehicles. But Carvana's growth is outpacing both companies by a wide margin. Retail used-vehicle sales volume at Sonic's EchoPark rose 17% year-over-year in the second quarter of 2026, while at CarMax, retail used-vehicle volume was roughly flat year-over-year in the first quarter of fiscal 2027.
CVNA’s Premium Valuation Demands ExecutionCarvana trades at 2.41X forward 12-month sales, above the 0.31X multiple for its Zacks sub-industry and its own five-year median of 1.95X. Its Value Score of F reinforces the valuation challenge.
Image Source: Zacks Investment Research
That premium puts more weight on continued volume growth and margin progress. Adjusted EBITDA rose to $769 million in the second quarter from $601 million a year earlier, but adjusted EBITDA margin contracted to 10.4% from 12.4% as growth investments and higher costs pressured profitability. Unit economics have softened. In the second quarter of 2026, total gross profit per unit fell $412 year over year to $7,014, while non-GAAP GPU declined $455 to $7,125.
Carvana’s Inventory Gap Adds RiskInventory growth has trailed sales growth, which can reduce customer selection and weaken conversion. Carvana is working to rebuild inventory as production expands, but the process depends on reconditioning capacity, staffing, training and logistics execution.
The risk grows with scale. Carvana must integrate more ADESA locations, improve reconditioning efficiency and manage transportation and last-mile delivery while sustaining customer experience. Previous reconditioning challenges show how operational disruptions can slow inventory growth and raise costs.
CVNA’s Balance Sheet Is ImprovingLong-term debt was $4.85 billion at June 30, 2026, compared with $4.83 billion at the end of 2025. Even so, net debt to trailing 12-month adjusted EBITDA fell to 1X, the company’s best level to date.
Liquidity also strengthened. Cash and cash equivalents reached $2.63 billion, while total liquidity resources rose to $7 billion. Net cash provided by operating activities increased to $345 million in the first six months of 2026 from $261 million a year earlier.
Carvana’s Signals Call for PatienceCarvana’s growth trajectory remains attractive, but the stock’s premium valuation means execution must remain consistent. Inventory expansion, production scaling and cost control will be important as the company works toward its long-term volume and margin targets.
The Zacks Consensus Estimate for CVNA’s 2026 EPS calls for a year-over-year contraction of 2.37%. But the consensus mark for 2027 EPS implies a year-over-year increase of 40% from projected 2026 levels. See how the estimates have been revised over the past 60 days.
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CVNA currently carries a Zacks Rank #3 (Hold). Its Growth Score of B and Momentum Score of B point to favorable growth and price-trend characteristics, but the Value Score of F is a clear offset. The VGM Score of C also suggests a mixed overall Style Score profile.
The combination supports patience rather than an aggressive entry. Carvana has meaningful runway and improving financial capacity, but investors may want to see continued execution and better alignment between growth and valuation before taking a more constructive view.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
Stratasys získal zakázku v hodnotě 7,8 milionu USD na 24měsíční iniciativu s America Makes a Department of War (DoW). Cílem je rozšířit in-situ zajištění kvality pro platformy F3300 a F900.
$7.8 million 24-month initiative to support development of in-situ quality assurance capabilities for the F3300™ and F900® platforms
Program focuses on advancing manufacturing capabilities for the expansion of additive production capacity
MINNETONKA, Minn. & REHOVOT, Israel--(BUSINESS WIRE)--Stratasys Ltd. (NASDAQ: SSYS) today announced it has been awarded $7.8 million of funding through The 2026 America Makes and the Department of War (DoW) Organic Industrial Base (OIB) Modernization Challenge that focuses on advancing additive manufacturing and related technologies to support defense manufacturing modernization. The 24-month award will support development of on-site quality assurance capabilities for Stratasys’ F3300™ and F900® industrial FDM® platforms. This will enable manufacturers to generate the real-time process data needed to scale additive manufacturing production, expand capacity and reduce reliance on costly post-build inspection and qualification.
America Makes, the nation’s leading public-private partnership for additive manufacturing and the National Additive Manufacturing Innovation Institute, brings together industry, government and academia to accelerate the adoption of advanced manufacturing technologies that strengthen U.S. manufacturing competitiveness and defense readiness. Through the 2026 OIB Modernization Challenge, America Makes is supporting projects that advance manufacturing capabilities critical to industrial production, resilient supply chains and the defense industrial base.
“The next phase of additive manufacturing adoption within the defense industrial base is about moving from isolated applications to qualified, scalable production,” said John Wilczynski, Executive Director of America Makes. “Stratasys’ work to advance in-situ monitoring on established polymer production platforms addresses a critical part of that challenge - building greater trust in the manufacturing process and generating the data needed to support qualification. This project will create a stronger foundation for expanding additive manufacturing across production, sustainment and supply chain applications throughout the defense enterprise.”
The project is designed to address one of the key barriers limiting broader adoption of additive manufacturing in production environments: the ability to verify part quality efficiently, consistently and with sufficient technical evidence to support scale. Today, manufacturers in highly regulated industries often rely on extensive post-print inspection and qualification processes before parts can be deployed. By enabling quality data to be captured during the build process, in-situ quality assurance can help manufacturers reduce inspection burdens, compress qualification cycles and add additive manufacturing capacity with greater confidence.
“This initiative is about helping manufacturers scale additive production with confidence,” said Rich Garrity, Chief Business Unit Officer, Stratasys. “When production teams have access to quality data during the build process, they can qualify applications with less friction, expand production capacity more efficiently and integrate additive manufacturing more effectively into demanding production environments.”
The resulting capabilities are expected to support manufacturers across defense, aerospace, commercial aviation and other industrial markets where traceability, process control and part qualification are critical requirements. For the defense industrial base and defense prime contractors, in-situ quality assurance can help create a stronger technical foundation for expanding additive production capacity. For commercial aviation and highly regulated industrial manufacturers, it can provide a clearer pathway to scale production while reducing the cost and complexity associated with traditional inspection workflows.
The project will focus on developing advanced monitoring capabilities for the F3300™ and F900® platforms that provide greater visibility into the additive manufacturing process. By identifying potential anomalies during production and generating the documentation needed to support quality decisions, the technology is intended to help manufacturers improve production consistency, reduce qualification bottlenecks and accelerate adoption of additive manufacturing for production applications.
For manufacturers evaluating additive manufacturing as a scalable production technology, the significance of the initiative extends beyond the monitoring capability itself. The availability of real-time, in-process quality data can help transform additive manufacturing from a qualified application-by-application approach into a more scalable production model, enabling manufacturers to add capacity faster and with greater confidence.
“America Makes plays a critical role in bringing together industry, government and technology leaders to address some of manufacturing’s most important challenges,” Garrity added. “Collaborative initiatives like this help accelerate innovation and strengthen the capabilities needed to support the future of advanced manufacturing.”
Stratasys’ portfolio of additive manufacturing solutions combines industrial hardware, production-grade materials, software and application expertise to help manufacturers improve efficiency, increase production flexibility and solve complex manufacturing challenges across aerospace, transportation and industrial markets.
About Stratasys
Stratasys is a global leader in 3D printing solutions, helping manufacturers transform product design, bring agility to manufacturing and supply chains, and improve patient care. Through smart and connected 3D printers, polymer materials, a software ecosystem and parts on demand, Stratasys solutions deliver competitive advantages at every stage of the product lifecycle. Thousands of organizations worldwide rely on Stratasys to improve business agility, accelerate innovation and drive growth.
For more information about Stratasys, visit www.stratasys.com.
About America Makes
America Makes is the nation's leading public-private partnership for additive manufacturing and the National Additive Manufacturing Innovation Institute. Based in Youngstown, Ohio, America Makes is driven by the goal of increasing U.S. global manufacturing competitiveness through the adoption of additive manufacturing and related advanced manufacturing technologies.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Those forward-looking statements are based on current information that is, by its nature, subject to potential change, due to risks and uncertainties faced by the Company, including those risks described in Item 3.D “Key Information - Risk Factors” of Stratasys’ annual report on Form 20-F for the year ended December 31, 2025, which Stratasys filed with the SEC on March 5, 2026, and in other reports and documents that Stratasys files with or furnishes to the SEC from time to time, which are designed to advise interested parties of the risks and factors that may affect Stratasys’ business, financial condition, results of operations and prospects. Any forward-looking statements made in this press release are made as of the date hereof, and Stratasys undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Stratasys, FDM, Fortus, F900 and SUP4050B are trademarks or registered trademarks of Stratasys Ltd. and/or its affiliates. ULTEM™ and 9085 are trademarks of SABIC, its affiliate or subsidiary.
Key Takeaways AutoNation's Q2 adjusted EPS rose 1.8% to $5.56, beating the $5.43 consensus estimate by 2.4%.After-Sales gross profit hit a record $607.1M, becoming AutoNation's largest gross profit contributor.AutoNation expects second-half adjusted EPS growth on After-Sales, CFS, finance growth and fewer shares. AutoNation, Inc. (AN - Free Report) reported second-quarter 2026 adjusted earnings of $5.56 per share, up 1.8% from $5.46 a year ago. Earnings beat the Zacks Consensus Estimate of $5.43 by 2.4%. Results benefited from record After-Sales gross profit and stronger Customer Financial Services profitability. Revenues of $6.93 billion declined 0.6% year over year and missed the consensus estimate of $6.97 billion by 0.6%.
AN's After-Sales Business Delivers Record ProfitParts and service revenues increased 3.4% year over year to $1.26 billion. Gross profit rose 1.4% to a record $607.1 million, making After-Sales the largest contributor to AutoNation's gross profit.
Customer-pay revenues increased 7% year over year, while wholesale parts revenues advanced 16%. Customer-pay repair orders rose 5% and warranty repair orders increased 8%. Parts and service gross margin declined to 48.1% from 49%, mainly reflecting a higher mix of lower-margin wholesale parts.
AutoNation's Finance Businesses Show MomentumCustomer Financial Services gross profit totaled $357.6 million, down 2.7% from $367.7 million a year earlier as lower retail vehicle volumes offset stronger per-unit profitability. CFS gross profit per vehicle retailed climbed 3.2% to $2,799 from $2,712. The improvement came despite an approximately 2% drag from higher AutoNation Finance originations.
AutoNation Finance, meanwhile, generated income of $10.7 million, up from $2 million a year ago. The portfolio reached $2.67 billion, increasing about 52% from $1.76 billion, while quarterly originations totaled $485 million. AN Finance accounted for 11% of total vehicle sales and 18% of financed vehicle sales, highlighting the growing contribution of the captive finance platform.
AN's Vehicle Volumes Remain Under PressureNew vehicle revenues declined 3.1% to $3.29 billion as retail unit sales fell 4% to 63,240. New vehicle gross profit per unit dropped 14.5% to $2,381, reflecting higher vehicle costs. Much of the volume decline was due to weaker battery-electric vehicle sales and difficult comparisons against tariff-related demand pull-forward in 2025.
Used vehicle revenues increased 1.3% to $2.01 billion despite a 7.5% decline in retail unit sales to 64,521. Retail used vehicle revenue per unit increased 8.4% to $28,674, while gross profit per unit slipped 2.5% to $1,582.
AN's Gross Profit and Adjusted Income DeclineTotal gross profit fell 3.5% year over year to $1.23 billion, with gross margin narrowing to 17.8% from 18.3%. Adjusted operating income declined 7% to $343.1 million from $369.3 million.
Adjusted SG&A expenses represented 68.2% of gross profit, improving sequentially from 69.8% in the first quarter but remaining above 66.2% a year ago. Management expects the ratio to reach its 66%-67% target range on a run-rate basis by year-end.
AutoNation's Cash Flow Funds Acquisitions and BuybacksAdjusted free cash flow totaled $439.2 million in the first half of 2026, representing 125% of adjusted net income. AutoNation spent $316.5 million on acquisitions and $126 million on capital expenditures during the period.
The company also repurchased 2.3 million shares for $457 million in the first half. As of June 30, 2026, cash and cash equivalents were $53.3 million. Non-vehicle debt was $4.43 billion. AutoNation had about $1 billion of liquidity, including $0.9 billion available under its revolving credit facility, net of commercial paper borrowings.
AN Expects Earnings Growth in the Second HalfManagement expects after-sales customer-pay gross profit to maintain mid-single-digit growth, supported by customer retention and technician capacity. With stable vehicle unit profitability, continued CFS and After-Sales growth, AutoNation Finance expansion and a lower share count, management expects adjusted earnings per share to grow year over year in the second half of 2026.
AN stock currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Peer ReleasesPenske Automotive Group, Inc. (PAG - Free Report) reported second-quarter 2026 adjusted earnings of $3.62 per share, beating the Zacks Consensus Estimate of $3.38 by 7.1%. Adjusted earnings declined 4.2% from the comparable $3.78 per share a year ago. Penske’s revenues rose 6% year over year to $8.51 billion and topped the Zacks Consensus Estimate of $7.93 billion by 7.4%. For the first six months of 2026, cash flow from operations totaled $418 million and capital expenditures were $134.9 million. As of June 30, Penske’s liquidity was about $1.4 billion, including $69.5 million in cash.
Sonic Automotive, Inc. (SAH - Free Report) reported second-quarter 2026 adjusted earnings of $1.82 per share, down 17% year over year. Earnings beat the Zacks Consensus Estimate of $1.75 by 4%. Revenues rose 8% to $3.93 billion and topped the consensus mark of $3.78 billion by 4%. Sonic ended the quarter with about $294 million of cash and floor plan deposits and roughly $676 million of total available liquidity. The company raised full-year new-vehicle gross profit per unit guidance to $2,850-$3,000 from $2,700-$3,000. Sonic’s EchoPark unit is still expected to deliver 12%-15% retail used-unit growth this year.
Lithia Motors (LAD - Free Report) posted second-quarter 2026 adjusted earnings of $10.03 per share, which increased 9% from $9.20 a year ago. The bottom line beat the Zacks Consensus Estimate of $8.67 by 15.7%. Quarterly revenues increased 2.2% year over year to $9.79 billion and topped the consensus estimate of $9.64 billion by 1.6%. As of June 30, 2026, Lithia had cash, restricted cash and cash equivalents of $363.9 million, up from $341.8 million as of Dec. 31, 2025. During the quarter, Lithia repurchased roughly 854,000 shares at a weighted average price of $284, representing $242 million of share repurchases.
Aramark ve čtvrtletí končícím v červnu 2026 překonal odhady: zisk na akcii činil 0,52 USD a tržby 5,06 miliardy USD. Akcie od začátku roku přidaly asi 51,1 %.
Aramark (ARMK - Free Report) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.4 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +8.33%. A quarter ago, it was expected that this provider of food, facilities and uniform services would post earnings of $0.47 per share when it actually produced earnings of $0.49, delivering a surprise of +4.26%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Aramark, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $5.06 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.24%. This compares to year-ago revenues of $4.63 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.
Aramark shares have added about 51.1% since the beginning of the year versus the S&P 500's gain of 13.3%.
What's Next for Aramark?While Aramark 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 Aramark 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 $0.76 on $5.26 billion in revenues for the coming quarter and $2.24 on $19.97 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, Retail - Restaurants is currently in the bottom 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Arcos Dorados (ARCO - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 13.
This restaurant owner is expected to post quarterly earnings of $0.15 per share in its upcoming report, which represents a year-over-year change of +36.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Arcos Dorados' revenues are expected to be $1.28 billion, up 12.1% from the year-ago quarter.
Chemours ve 2. čtvrtletí snížil čistou ztrátu na 274 mil. USD, ale upravený EPS i tržby zaostaly za odhady. Tržby klesly o 1 % na 1 591 mil. USD kvůli 4% poklesu objemů, částečně kompenzovanému 2% růstem cen a 1% příznivým měnovým vlivem.
Key Takeaways Chemours cut its Q2 net loss to $274 million, while adjusted EPS fell short of estimates. Sales fell 1% as a 4% volume decline offset higher pricing and favorable currency impacts. Chemours expects Q3 EBITDA of $175-$205 million and 2026 sales growth of 1-5%. The Chemours Company (CC - Free Report) reported a net loss of $274 million or a loss of $1.81 per share for the second quarter of 2026. This compares favorably with the year-ago quarter’s net loss of $380 million or a loss of $2.53 per share.
Barring one-time items, earnings were 42 cents per share, which missed the Zacks Consensus Estimate of 43 cents by roughly 2.3%. Adjusted earnings also declined from 61 cents per share in the year-ago quarter.
The company reported second-quarter net sales of $1,591 million, reflecting a 1% decrease from the previous-year quarter. The figure missed the Zacks Consensus Estimate of $1,674.1 million by roughly 5%. Net sales were affected by a 4% decrease in volumes, partly offset by a 2% increase in price and a 1% favorable currency impact.
Adjusted EBITDA declined 5% year over year to $247 million for the quarter from $260 million. The decrease was due to higher costs in Advanced Performance Materials (APM) associated with the Washington Works outage and lower sales following the SPS Capstone line closure, partly offset by pricing increases across all segments.
The Chemours Company Price, Consensus and EPS SurpriseCC’s Segment HighlightsThe Titanium Technologies (TT) division recorded revenues of $661 million in the second quarter, marking a 1% increase from the previous year. The figure missed our estimate of $663.6 million. The year-over-year increase was driven by a 2% rise in global pricing and a 1% currency tailwind, which more than offset a 2% decline in global volumes.
In the Thermal & Specialized Solutions (TSS) segment, revenues decreased 1% year over year to $591 million in the reported quarter. The figure missed our estimate of $637.3 million. The decline was due to a 4% fall in volumes, partly offset by a 2% increase in price and a slight currency tailwind. Lower volumes primarily reflected weaker North American stationary AC aftermarket sales of Opteon blends compared with elevated demand in the prior-year quarter.
TSS adjusted EBITDA increased 3% year over year to $213 million, while adjusted EBITDA margin improved one percentage point to 36%, aided by higher pricing and the timing of certain costs.
Revenues in the APM unit amounted to $326 million, which declined 6% year over year. The figure missed our estimate of $338.2 million. The downside was mainly caused by a 9% decrease in volumes, partly offset by a 2% increase in price and a slight currency tailwind. The volume decline primarily reflected the SPS Capstone line closure, while Performance Solutions sales rose 8% year over year on strength in data center and semiconductor end markets.
CC’s FinancialsOperating cash flow in the second quarter was $158 million compared with $93 million in the year-ago quarter. Capital expenditures were $44 million compared with $43 million in the prior-year quarter. Free cash flow increased to $114 million from $50 million a year earlier.
As of June 30, 2026, Chemours had consolidated gross debt of $3.9 billion. Debt, net of $671 million in unrestricted cash and cash equivalents, was $3.2 billion. Total liquidity was $1.6 billion, and the net leverage ratio was approximately 4.4.
CC’s OutlookFor the third quarter, the company expects consolidated net sales to decline in the range of 5% to flat sequentially. Consolidated adjusted EBITDA is expected to be in the range of $175-$205 million. Corporate expenses are expected to be $40-$45 million. The company also expects capital expenditures of around $65 million and free cash flow of at least $50 million.
Chemours expects TSS’ net sales to decrease sequentially in the mid-teens to 20% range in the third quarter, reflecting less favorable seasonality and weaker Opteon blends aftermarket demand. Adjusted EBITDA is projected to be between $125 million and $140 million.
TT’s net sales are expected to increase sequentially in the low-to-mid-single-digit percentage range, driven by recent pricing announcements, with stable volumes. Adjusted EBITDA is expected to be in the range of $70-$80 million.
APM’s net sales are expected to increase sequentially in the mid-to-high-single-digit percentage range, driven by normalized operations at Washington Works and continued strength in Performance Solutions. Adjusted EBITDA for APM is expected to be between $20 million and $30 million.
For 2026, Chemours expects net sales to grow in the range of 1-5% year over year and adjusted EBITDA of $775-$825 million. Capital expenditures are expected in the range of $250-$280 million, with free cash flow conversion above 25%. The company continues to target a net leverage ratio of around 3.8x by year-end 2026.
CC’s Price PerformanceChemours’ shares have gained 17.4% in the past year compared with the 6.8% rise of the industry.
Image Source: Zacks Investment Research
CC’s Zacks Rank & Key PicksCC currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks are Almonty Industries Inc. (ALM - Free Report) , ClearSign Technologies Corporation (CLIR - Free Report) and Applied Industrial Technologies, Inc. (AIT - Free Report) .
Almonty is expected to report second-quarter results on Aug. 13. The Zacks Consensus Estimate for ALM’s second-quarter earnings is pegged at 10 cents per share. It carries a Zacks Rank #2 (Buy) at present.
ClearSign is scheduled to report second-quarter 2026 results on Aug. 19. The consensus estimate for CLIR’s loss per share is pegged at 25 cents. CLIR presently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Applied Industrial is scheduled to report fourth-quarter fiscal 2026 results on Aug. 13. The Zacks Consensus Estimate for AIT’s fourth-quarter earnings per share is pegged at $2.92. AIT carries a Zacks Rank #2 at present.
Sonic Automotive ve 2. čtvrtletí překonal odhady: upravený EPS činil 1,82 USD a tržby vzrostly o 8 % na 3,93 mld. USD. EchoPark zvýšil tržby o 15 %, ale zisk na jednotku klesl o 12 %.
Key Takeaways Sonic Automotive's Q2 adjusted EPS beat estimates by 4%, while revenues rose 8% to $3.93 billion.EchoPark revenues rose 15% as retail used-vehicle sales volume increased 17%, but unit profit fell 12%.Sonic Automotive's Powersports revenues surged 53%, while new and used retail unit volumes rose sharply. Sonic Automotive, Inc. (SAH - Free Report) reported second-quarter 2026 adjusted earnings of $1.82 per share. Earnings declined 17% year over year but beat the Zacks Consensus Estimate of $1.75 by 4%. Revenues rose 8% to $3.93 billion and topped the consensus mark of $3.78 billion by 4%. The quarter benefited from higher retail new and used vehicle volumes and growth across EchoPark and Powersports segments.
At the consolidated level, gross profit rose 2% to $616.2 million. Adjusted SG&A expenses increased 6% to $443.4 million. Adjusted SG&A, as a percentage of gross profit, was 72.0% compared with 69.2% a year earlier. Adjusted net income fell 23% to $58.3 million.
SAH’s Franchise Revenues Rise as Vehicle Margins NarrowFranchised Dealerships segment revenues increased 6% year over year to $3.28 billion. New-vehicle revenues rose 5% to $1.76 billion, while used-vehicle revenues increased 9% to $814.3 million. Parts, service and collision repair revenues advanced 6% to $515.5 million, while finance, insurance and other revenues increased 2% to $147.9 million.
Retail new-vehicle unit volume rose 1%, and used-vehicle volume advanced 6%. Profit per vehicle remained under pressure. Reported retail new-vehicle gross profit per unit fell 11% to $3,024, while used-vehicle gross profit per unit declined 12% to $1,399.
Segment income was $70.7 million, down 23% from the year-ago period. Management cited difficult comparisons tied to pre-tariff consumer demand pull-forward in the second quarter of 2025.
Sonic’s EchoPark Growth Comes With Lower Unit ProfitEchoPark revenues increased 15% to $582.9 million, while gross profit rose 4% to a second-quarter record $64.3 million. Retail used-vehicle sales volume increased 17% as Sonic carried more affordable inventory and expanded its non-auction sourcing mix. Wholesale vehicle volumes increased 12%.
That volume growth came with lower per-unit economics. Total used-vehicle and F&I gross profit per unit fell 12% to $3,292. Segment income dropped 38% to $7.2 million, while adjusted EBITDA declined 15% to $13.9 million.
SAH’s Powersports Business Posts Strong ExpansionPowersports revenues surged 53% to a second-quarter record $73.5 million. Gross profit increased 58% to $19.7 million. New retail unit volume rose 27% to 1,775 units, while used retail volume jumped 61% to 1,317 units.
Finance and insurance revenues climbed 75% to $3.5 million, with F&I gross profit per unit up 27% to $1,125. Segment income improved to $2.3 million from breakeven, and adjusted EBITDA increased 145% to $4.9 million. The five Harley-Davidson dealerships acquired in April are expected to add about $100 million in annualized revenue.
SAH Raises New-Vehicle GPU View, Keeps Growth FocusSonic ended the quarter with about $294 million of cash and floor plan deposits and roughly $676 million of total available liquidity. The board approved a quarterly dividend of 41 cents per share, to be paid out on Oct. 15, 2026, to stockholders of record as of Sept. 15.
Management raised full-year new-vehicle gross profit per unit guidance to $2,850-$3,000 from $2,700-$3,000. EchoPark is still expected to deliver 12%-15% retail used-unit growth, total gross profit per unit of $3,100-$3,300 and adjusted EBITDA of $35-$40 million. Sonic also expects $8-$12 million of incremental EchoPark brand marketing expense in the fourth quarter and plans to open an Orlando location during the quarter.
Sonic currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Peer ReleasesPenske Automotive Group, Inc. (PAG - Free Report) reported second-quarter 2026 adjusted earnings of $3.62 per share, beating the Zacks Consensus Estimate of $3.38 by 7.1%. Adjusted earnings declined 4.2% from the comparable $3.78 per share a year ago. Penske’s revenues rose 6% year over year to $8.51 billion and topped the Zacks Consensus Estimate of $7.93 billion by 7.4%. For the first six months of 2026, cash flow from operations totaled $418 million and capital expenditures were $134.9 million. As of June 30, Penske’s liquidity was about $1.4 billion, including $69.5 million in cash.
Lithia Motors (LAD - Free Report) posted second-quarter 2026 adjusted earnings of $10.03 per share, which increased 9% from $9.20 a year ago. The bottom line beat the Zacks Consensus Estimate of $8.67 by 15.7%. Quarterly revenues increased 2.2% year over year to $9.79 billion and topped the consensus estimate of $9.64 billion by 1.6%. As of June 30, 2026, Lithia had cash, restricted cash and cash equivalents of $363.9 million, up from $341.8 million as of Dec. 31, 2025.During the quarter, Lithia repurchased roughly 854,000 shares at a weighted average price of $284, representing $242 million of share repurchases.
AutoNation, Inc. (AN - Free Report) reported second-quarter 2026 adjusted earnings of $5.56 per share, up 1.8% from $5.46 a year ago. Earnings beat the Zacks Consensus Estimate of $5.43 by 2.4%. Revenues of $6.93 billion declined 0.6% year over year and missed the consensus estimate of $6.97 billion by 0.6%. Parts and service revenues increased 3.4% year over year to $1.26 billion. Gross profit rose 1.4% to a record $607.1 million, making After-Sales the largest contributor to AutoNation's gross profit. As of June 30, 2026, AutoNation had cash and cash equivalents of $53.3 million. Non-vehicle debt was $4.43 billion.
Marvell Technology oznámila v 1. čtvrtletí fiskálního roku 2027 rekordní výnosy 2,418 miliardy USD a upravený non-GAAP EPS 0,80 USD, přičemž na 2. čtvrtletí očekává výnosy 2,7 miliardy USD. CEO uvedl, že zakázky v oblasti AI jsou výjimečné a růst má ve fiskálním roce 2027 zrychlovat.
Marvell Technology (NASDAQ:MRVL | MRVL Price Prediction) has become one of the loudest AI infrastructure trades of 2026. After a run from the low $80s in early 2026 to a June peak near $309, shares have cooled to $208.56. That reset is exactly why our model sees room to run.
Our 24/7 Wall St. price target for Marvell is $273.13 over the next 12 months, implying 30.96% upside from current levels. We rate MRVL a buy, with confidence of 90%.
24/7 Wall St. Price Target Summary Metric Value Current Price $208.56 24/7 Wall St. Price Target $273.13 Upside 30.96% Recommendation BUY Confidence Level 90% A Round Trip From $309 Back to $208 MRVL is up 145.78% year to date and 170.24% over the past year, yet down 11.56% in the last month. Shares sit well below the 52-week high of $329.80 and far above the $61.31 low.
The rerating traces to Q1 FY2027 in May 2026, when Marvell reported record revenue of $2.418 billion (up 27.6% YoY) and non-GAAP EPS of $0.80, then guided Q2 revenue to $2.7 billion (roughly 35% YoY growth). CEO Matt Murphy flagged “exceptional AI-related bookings” and said growth would accelerate each quarter through fiscal 2027.
Why Bulls See a Breakout to $350 The bull case rests on custom silicon and optics. Marvell is chasing a $94 billion data center TAM by calendar 2028 and has publicly targeted a jump from 13% to 20% share. Management has 18 XPU and XPU-attach sockets ramping, plus $75 billion of lifetime revenue potential in the pipeline.
Data Center accounts for 76% of revenue, and the Celestial AI and XConn acquisitions extend Marvell into photonic fabric and chiplet interconnect. If AI capex holds and 1.6T optics ramp on schedule, the bull scenario reaches $350.56 by August 2027, a 68.08% return.
What Could Go Wrong Concentration is the biggest bear item. With three-quarters of revenue from data center and heavy hyperscaler exposure, any shift to in-house silicon would hit hard. Rising stock-based comp of $207.6 million in Q1 FY2027 and the large contingent consideration liability add earnings volatility.
MRVL trades at 54x forward earnings. Bulls counter that the GAAP earnings decline reflects deal-related charges from Celestial AI and XConn, non-cash items masking record free cash flow of $483.1 million. The bear scenario prices in a stall, landing at $207.74.
How Marvell Compares to Broadcom and AMD Broadcom (NASDAQ:AVGO) competes head-on for custom AI accelerator and networking sockets at the same hyperscalers. AVGO trades at 23x forward earnings with a consensus target of $527.88 versus a current price of $422.40, and posted 47.9% revenue growth last quarter. That gap makes Marvell’s 54x forward multiple look aggressive on paper, but MRVL’s smaller base means faster percentage growth is achievable.
Advanced Micro Devices (NASDAQ:AMD) offers a growth-versus-valuation counterpoint. AMD is also scaling data center revenue rapidly, which reframes MRVL’s multiple as reasonable inside the AI accelerator peer set. Against this cohort, our $273.13 target looks fair.
Company Forward P/E YTD Return Marvell 54x 145.78% Broadcom 23x 22.49% AMD N/A N/A Marvell Price Projection 2026-2030 The 24/7 Wall St. price target of $273.13 with 90% confidence points to a buy. Accelerating quarterly guidance, record design wins, and a $75 billion custom silicon pipeline tip the scale.
Key confirmation would be Marvell delivering Q2 FY2027 revenue at or above the $2.7 billion midpoint. Key risks to watch include a hyperscaler pulling a socket or 1.6T optics slipping a quarter.
Extending the model forward, here is where our framework projects MRVL, assuming continued AI capex and successful ramp of custom XPU sockets.
Year 24/7 Wall St. Price Target 2026 $237 2027 $273 2028 $332 2029 $391 2030 $451 These projections assume Marvell executes on its custom XPU and electro-optics roadmap. Upside could come from faster 1.6T optics adoption, while hyperscaler in-sourcing or China trade tightening could pull the trajectory lower.
Contact [email protected] for any questions or corrections.
Vertiv v červenci spadl o 27,9 %, i když ve 2. čtvrtletí tržby vzrostly o 24 % na 3,72 miliardy USD a upravený zisk na akcii o 60 % na 1,52 USD. Firma navíc zvýšila výhled tržeb pro 3. čtvrtletí o 400 milionů USD a pro celý rok o 250 milionů USD (na mediánu rozpětí).
Shares of AI infrastructure provider Vertiv (VRT -0.84%) plunged 27.9% in July, according to data from S&P Global Market Intelligence.
Vertiv is one of the main infrastructure suppliers for AI data centers, supplying electricity and water-cooling systems that are becoming increasingly important as the latest AI-powered chips consume more energy.
The company delivered what appeared to be a solid earnings report toward the end of the month. Still, the report wasn't "perfect," and Vertiv appeared to get caught up in the negative sentiment surrounding AI semiconductors in July, following a huge run-up in their stock prices during the first half of the year.
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Vertiv posts strong growth, but not enough for skittish investors In July, market sentiment turned sharply negative toward AI-related semiconductor stocks and "AI-adjacent" industrial stocks that serve AI data centers, such as Vertiv.
A combination of prominent short-seller Michael Burry promoting his short bets against AI stocks, the release of China's Kimi 3 open-weight model, and the "blow-up" of AI-focused hedge fund Situational Awareness conspired to send virtually all AI stocks into a tailspin in July.
Vertiv is seen as a key player within the AI data center build-out, providing electrical systems and cooling systems, so it wasn't spared. The predictably negative reaction to a fairly strong but imperfect earnings report at the end of the month capped off a brutal month.
In the second quarter, Vertiv's revenue grew 24% to $3.72 billion, while adjusted (non-GAAP) earnings per share surged 60% to $1.52 per share. While earnings growth beat Wall Street's expectations, even the robust 24% revenue growth figure fell slightly short. Vertiv had grown 30% in its prior quarter, so perhaps that imperfection caused the post-earnings sell-off, as investors were in an unforgiving mood.
Image source: Getty Images.
But the pessimism seems misplaced The good news for investors is that the "disappointing" second-quarter revenue appears to be due to timing issues rather than a lack of demand. Vertiv forecasts revenue to reaccelerate in the second half of the year, raising third-quarter revenue guidance by $400 million and full-year guidance by $250 million at the midpoint of the range. That implies some revenue spilled from the second quarter to the third quarter, while the overall outlook for the full year actually improved.
2026 adjusted earnings per share are now expected to be $6.70 at the midpoint of the new guidance, putting the current stock price at 40 times this year's earnings expectations.
That seems like a steep price to pay for an industrial stock; however, with the AI build-out continuing and large cloud giants raising billions in new capital to fund it, it doesn't appear that Vertiv's growth will slow anytime soon.
Robust Canadian economic data and broad U.S. dollar weakness outweighed falling crude oil prices, pushing USD/CAD down toward two-month lows Key upcoming catalysts include Wednesday's US CPI release and new 50% US tariffs on Canadian goods effective August 19, both pivotal for direction Holding U.S. dollars carries risks from Federal Reserve rate cuts, whereas Canadian dollar exposure remains vulnerable to falling energy prices and trade friction Oil prices have fallen notably in recent weeks due to changing dynamics in the Middle East and evolving supply expectations. Despite this, the Canadian dollar has strengthened against the US dollar more than anticipated, with USD/CAD trading around 1.393, a level not seen in approximately two months.
This divergence suggests that oil prices are not the sole driver of the Canadian dollar’s performance. Other factors are providing more substantial support for the Canadian currency in the current market conditions.
Oil Is Down, But That’s Not the Story Right Now WTI crude’s been on a bumpy ride lately. After hitting a late July high near $86.89, it fell to about $74.30 in early August, though it’s since found its footing in the upper $70s. This dip came as Middle East tensions eased, partly due to a U.S.-Iran memorandum that calmed fears about Strait of Hormuz disruptions. Record U.S. output and expected inventory surpluses also played a part.
Ordinarily, a drop like that would hurt the loonie. But the currency has mostly shrugged it off.
Several key macro factors are insulating the Loonie from the recent slide in oil prices. For one, Canada’s own economic data has given the currency a lot of support. Strong domestic job numbers and steady GDP growth have boosted confidence in the country’s economic health.
Interest rate differences still favor the US dollar, as the Federal Reserve’s policy rate is higher than the Bank of Canada’s 2.25% target. While the Fed remains cautious, commentary from Vantage Markets suggests the Bank of Canada’s policy rate has reassured investors, signaling that Canadian rates have stabilized.
What to Watch in the Coming Weeks A few things could quickly change this situation. For one, everyone will be watching Wednesday’s US CPI release. A hot inflation number there could bring back Fed rate-hike expectations and give the dollar another boost.
Additionally, new U.S. tariffs of 50% on approximately $20 billion of Canadian goods are set to take effect on August 19. Unlike previous measures, these tariffs will apply even to goods that typically receive preferential treatment under the CUSMA trade agreement.
This presents a significant challenge for Canadian exporters and could exert downward pressure on the Canadian dollar once the tariffs are fully implemented.
Furthermore, the Bank of Canada’s interest rate decision on September 2 is approaching. The consensus among most analysts is that the bank will maintain its current rate of 2.25% as it continues to assess the impact of the tariffs.
Risks in Holding Either Currency If you hold Canadian dollars, you’re exposed to how commodity prices move. If oil prices fall for a while, it would hurt export earnings and the Canadian dollar. Trade uncertainty or weak Canadian economic news could also undo recent gains.
On the other side, the US dollar remains susceptible to weaker US economic indicators or a shift in Federal Reserve policy towards a more accommodative stance. Geopolitical risks can sometimes support the dollar as a safe-haven asset, while at other times, they can boost oil prices and the Canadian dollar.
Speculative positioning adds another wrinkle. Traders have been betting against the Canadian dollar more heavily than almost any other major currency. This means if something good happens for Canada, those bets could quickly unwind, causing sharp, exaggerated moves in the Canadian dollar in either direction.
Why has the Canadian dollar gained despite softer oil periods?
Stronger Canadian July jobs data, lower unemployment and relative US dollar softness have outweighed oil weakness in supporting the loonie recently.
What’s the risk of holding US dollars right now?
A weakening labor market and softer inflation data could deepen Fed rate-cut expectations, extending recent dollar weakness against major currencies including CAD.
What is the main risk for the Canadian dollar?
A sustained decline in oil prices, weaker domestic data or escalated trade tensions could reverse recent CAD strength against the US dollar.
Penske Automotive Group ve 2. čtvrtletí zvýšila výnosy o 6 % na 8,51 miliardy USD a upravený zisk na akcii (EPS) 3,62 USD překonal odhad. Tahounem byl růst prodejů ojetých aut a servisu.
Key Takeaways Penske Automotive's Q2 revenues rose 6% to $8.51 billion, while adjusted EPS beat estimates at $3.62.Retail auto revenues climbed 6%, with used vehicle sales up 9.4% and service gross profit rising 3.1%.Class 8 orders surged 170%, while Penske Automotive's 2026 secured order book reached nearly $660 million. Penske Automotive Group, Inc. (PAG - Free Report) reported second-quarter 2026 adjusted earnings of $3.62 per share, beating the Zacks Consensus Estimate of $3.38 by 7.1%. Adjusted earnings declined 4.2% from the comparable $3.78 per share a year ago.
Revenues rose 6% year over year to $8.51 billion and topped the Zacks Consensus Estimate of $7.93 billion by 7.4%. Retail automotive same-store new and used units increased 5%, while same-store service and parts gross margin improved 80 basis points to 59.5%.
Penske currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
PAG's Retail Automotive Sales RiseRetail automotive revenues increased 6% year over year to $7.3 billion. New vehicle revenues rose 5.9% to $3.38 billion, used vehicle revenues advanced 9.4% to $2.47 billion and finance and insurance revenues increased 1.3% to $211 million. Service and parts revenues rose 1.6% to $867.1 million, while fleet and wholesale revenues declined 0.8% to $375.6 million. Same-store revenues grew 5.7% to $7.12 billion.
Retail automotive gross profit slipped 0.7% to $1.16 billion, with gross margin contracting to 15.8% from 16.9%. New vehicle gross profit per retail unit fell 10.4% to $4,782, while used vehicle gross profit per unit declined 8.8% to $2,095. Service and parts gross profit increased 3.1% to $517 million.
Penske Automotive Sees Truck Market ImprovementRetail commercial truck revenues declined 1.7% year over year to $927.8 million. Total new and used truck units retailed increased 1.7% to 5,431, as a 64.8% jump in used units offset a 7.8% decline in new units. Retail commercial truck gross profit slipped 0.6% to $142.8 million, while gross margin improved 20 basis points to 15.4%.
Class 8 market orders increased 170% in the second quarter. Premier Truck Group's backlog was about 10,400 units, with the majority expected to convert into retail sales in the second half of 2026. Used truck demand also strengthened as freight conditions improved.
PAG's Distribution Business Delivers GrowthCommercial Vehicle Distribution and Other revenues jumped 41.1% year over year to $283.9 million. Gross profit rose 30.5% to $57.7 million, although gross margin declined to 20.3% from 22%.
Australia's off-highway business was a key contributor, with revenues increasing 63% in the quarter. The company secured more than $300 million of orders during the period, bringing its 2026 secured order book to nearly $660 million, supported by energy solutions, mining and defense demand.
Penske Automotive Gets Lift From PTSPenske Transportation Solutions contributed $57.4 million in earnings to PAG, up 7% year over year. The improvement reflected growth in full-service leasing, better fleet utilization, lower operating expenses and lower interest costs.
PTS managed more than 379,200 trucks, tractors and trailers. Continued weakness in the rental market and a lower gain on used-truck sales partly offset the benefits from improved freight conditions and fleet-rightsizing actions.
PAG's Profitability Faces Margin PressureConsolidated gross profit edged up 0.4% to $1.36 billion, but gross margin narrowed to 15.9% from 16.8%. Selling, general and administrative expenses increased 3.2% to $974 million, and operating income declined 7.6% to $337.6 million.
Operating margin fell to 4% from 4.5%. Adjusted EBITDA was $401.8 million, up 0.3%, while other interest expense rose 53.2% to $33.1 million, reflecting higher borrowing costs associated with acquisitions.
PAG’s Balance Sheet and Capital ReturnsFor the first six months of 2026, cash flow from operations totaled $418 million and capital expenditures were $134.9 million. As of June 30, liquidity was about $1.4 billion, including $69.5 million in cash.
PAG repurchased 265,104 shares for $42.5 million in the first half, leaving $221.2 million available under its repurchase authorization. The board also raised the quarterly dividend 1.4% to $1.44 per share, marking the company's 23rd consecutive quarterly increase.
Peer ReleasesSonic Automotive, Inc. (SAH - Free Report) reported second-quarter 2026 adjusted earnings of $1.82 per share, which fell 17% year over year but beat the Zacks Consensus Estimate of $1.75 by 4%. Revenues rose 8% to $3.93 billion and topped the consensus mark of $3.78 billion by 4%. Sonic ended the quarter with about $294 million of cash and floor plan deposits and roughly $676 million of total available liquidity. The company raised full-year new-vehicle gross profit per unit guidance to $2,850-$3,000 from $2,700-$3,000. Sonic’s EchoPark unit is still expected to deliver 12%-15% retail used-unit growth this year.
Lithia Motors (LAD - Free Report) posted second-quarter 2026 adjusted earnings of $10.03 per share, which increased 9% from $9.20 a year ago. The bottom line beat the Zacks Consensus Estimate of $8.67 by 15.7%. Quarterly revenues increased 2.2% year over year to $9.79 billion and topped the consensus estimate of $9.64 billion by 1.6%. As of June 30, 2026, Lithia had cash, restricted cash and cash equivalents of $363.9 million, up from $341.8 million as of Dec. 31, 2025.During the quarter, Lithia repurchased roughly 854,000 shares at a weighted average price of $284, representing $242 million of share repurchases.
AutoNation, Inc. (AN - Free Report) reported second-quarter 2026 adjusted earnings of $5.56 per share, up 1.8% from $5.46 a year ago. Earnings beat the Zacks Consensus Estimate of $5.43 by 2.4%. Revenues of $6.93 billion declined 0.6% year over year and missed the consensus estimate of $6.97 billion by 0.6%. Parts and service revenues increased 3.4% year over year to $1.26 billion. Gross profit rose 1.4% to a record $607.1 million, making After-Sales the largest contributor to AutoNation's gross profit. As of June 30, 2026, AutoNation had cash and cash equivalents of $53.3 million. Non-vehicle debt was $4.43 billion.
Key Takeaways ManpowerGroup shares gained 39.2% in a month, outpacing the staffing industry's 15.2% rise.MAN's 2026 earnings are projected to rise 21.9%, while revenues are expected to increase 7.3% y/y.Demand for workforce, cloud, AI and data services, along with regional growth, supports ManpowerGroup. Shares of ManpowerGroup (MAN - Free Report) have had an excellent run over the past month. The stock has risen 39.2%, outperforming the industry’s 15.2% growth. The Zacks S&P 500 composite has risen 2.9% over the same time frame.
MAN has a Growth Score of B. This style score condenses key financial metrics to reflect a fair sense of the quality and sustainability of its growth.
ManpowerGroup has an encouraging earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 4.3%.
The company’s third-quarter 2026 earnings are expected to increase 21.7% year over year. Its 2026 and 2027 earnings are projected to rise 21.9% and 41.2%, respectively. Revenues are anticipated to grow 7.3% in 2026 and 4.4% in 2027.
Factors That Bode Well for MAN
ManpowerGroup is a global service provider of comprehensive workforce solutions. Its diversified business mix helps organizations with recruitment, training, outsourcing and consulting services. The consistent demand across manufacturing, automotive, aerospace, logistics and retail, along with U.S. sales activity, continues to drive the company’s growth. Rising automation concerns further increase demand for MAN’s upskilling and career transition solutions, supporting long-term revenue growth.
Strong demand for cloud migration, application development, data and artificial intelligence (AI) services continues to boost the company's growth. MAN’s brand, Experis, a specialized technology talent provider, empowers organizations to modernize technology infrastructure, streamline operations and accelerate innovation through expert consulting services in cloud, AI, data and applications.
The company is witnessing strong regional growth. During the second quarter of 2026, revenues from the Americas climbed 14.4% year over year. U.S. revenues grew 6%, while Other Americas revenues increased 29% year over year. Revenues in Southern Europe and Northern Europe jumped 7.4% and 3.9% year over year, respectively. This shows the company benefits from broad-based growth across markets, which mitigates concentration risks and expands its global footprint.
MAN boosts operational efficiency by balancing strict cost control and strategic pricing with targeted investments in operational technology. The company has rolled out cloud-based and mobile apps, upgraded front-office systems and enhanced global technology infrastructure across key markets.
MAN has demonstrated a strong commitment to its shareholders through consistent dividend payments and share repurchases. In fiscal 2023, 2024 and 2025, the company repurchased shares worth $179.8 million, $140 million and $38 million, respectively, while paying out $144.3 million, $145.8 million and $66.7 million, respectively, in dividends. This consistency underscores its dedication to creating long-term value for investors.
Risks to Watch
ManpowerGroup's global presence makes it vulnerable to foreign currency exchange rate fluctuations. The company earned nearly 85% of its revenues from outside the United States in 2025, the majority of which were generated in Europe. Volatility in the value of the U.S. dollar against other currencies heavily impacts the company’s bottom line.
Stiff competition from several players in a highly competitive employment services industry also affects MAN’s financial performance. This competition can limit pricing power, increase operational expenses and reduce market share. As a result, the company must balance competitive pricing strategies with the need to maintain healthy profit margins.
ManpowerGroup currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
Stocks to Consider
A couple of better-ranked stocks in the broader Zacks Business Services sector are Veralto Corporation (VLTO - Free Report) and Thomson Reuters Corporation (TRI - Free Report) .
Veralto Corporation carries a Zacks Rank #2 (Buy) at present. It has a long-term earnings growth expectation of 8.4%. VLTO delivered a trailing four-quarter earnings surprise of 6.6%, on average.
Thomson Reuters also holds a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 15.3%. TRI’s earnings beat estimates in each of the trailing four quarters, with the surprise being 2.7%, on average.
Middleby ve 2. čtvrtletí dokončila odštěpení Food Processing a stala se čistě společností zaměřenou na stravovací služby. Tržby vzrostly o 9,9 % na 875,5 mil. USD a upravený EBITDA činil 193,2 mil. USD.
The Middleby Corporation (NASDAQ: MIDD), a global leader in commercial foodservice solutions, today reported net earnings for the second quarter of 2026.
Tim FitzGerald, CEO of the Middleby Corporation said, "The second quarter marked a transformational milestone for our company as we successfully completed the separation of our Food Processing business and launched Midera as an independent, publicly traded leader in food processing equipment. With this separation, Middleby is now a pure-play commercial foodservice company, focused on driving innovation and growth across the global foodservice industry. Throughout this transformation, we remained committed to disciplined capital allocation, repurchasing approximately 1.4 million shares, or 3% of our outstanding shares, during the second quarter and 8.7 million shares, or 16% of our outstanding shares, over the past six quarters. These actions underscore our confidence in the strength of our business and our commitment to creating long-term shareholder value.”
Tim FitzGerald continued, "We delivered strong second quarter results at our commercial foodservice business with 8% organic growth that was broad-based across channels, customer types, and regions. The strategic investments we have made in recent years are delivering results, and we continue to define the future of commercial foodservice through industry-leading innovation and customer-focused solutions. These results give us great confidence as we begin our journey as a pure-play commercial foodservice leader."
2026 Second Quarter Financial Results
All results presented are on the reported second quarter continuing operations basis, inclusive of Food Processing unless otherwise noted.
Net sales increased 9.9% in the second quarter over the comparative prior year period. Excluding the impacts of acquisitions and foreign exchange rates, sales increased 6.4% in the second quarter over the comparative prior year period.A reconciliation of organic net sales (a non-GAAP measure) by segment is as follows:($ in millions)
Commercial
Foodservice
Food
Processing
Total
Company
Net Sales
$
630.6
$
244.9
$
875.5
Reported Net Sales Growth
8.6
%
13.3
%
9.9
%
Acquisitions
—
%
11.0
%
3.0
%
Foreign Exchange Rates
0.3
%
1.0
%
0.5
%
Organic Net Sales Growth(1)(2)
8.3
%
1.3
%
6.4
%
(1) Organic net sales growth defined as total sales growth excluding impact of acquisitions and foreign exchange rates.
(2) Totals may be impacted by rounding.
Adjusted EBITDA (a non-GAAP measure) was $193.2 million in the second quarter compared to $181.6 million in the prior year.A reconciliation of organic adjusted EBITDA (a non-GAAP measure) by segment is as follows:($ in millions)
Commercial
Foodservice
Food
Processing
Total
Company(1)
Adjusted EBITDA
$
162.5
$
49.8
$
193.2
Adjusted EBITDA %
25.8
%
20.3
%
22.1
%
Acquisitions
—
%
—
%
—
%
Foreign Exchange Rates
—
%
(0.2
)%
—
%
Organic Adjusted EBITDA %(2)(3)
25.8
%
20.5
%
22.2
%
(1) Includes corporate and other general company expenses, which impact Segment Adjusted EBITDA, and amounted to $19.2 million.
(2) Organic Adjusted EBITDA defined as Adjusted EBITDA excluding impact of acquisitions and foreign exchange rates.
(3) Totals may be impacted by rounding.
Operating cash flows during the second quarter amounted to $99.7 million compared to $91.8 million in the prior year. Operating cash flows during the second quarter also include $7.5 million of payments of strategic transaction costs associated with the business portfolio transformation.Adjusted EPS excluding Food Processing is estimated to be $1.74 for second quarter compared to $1.40 in the prior year. These are preliminary estimates and will be finalized in Q3 2026 as the company reports the historical Food Processing results within discontinued operations. The growth in Adjusted EPS includes an increase related to organic growth, benefits from share repurchases and a discrete benefit related to foreign currency as part of the separation of the Food Processing business, partially offset by higher interest costs associated with the convertible notes maturity and a higher tax rate. Please reference the guidance section of the earnings release and our earnings slides for further details.The total leverage ratio per our credit agreements was 2.4x. The trailing twelve-month bank agreement pro-forma EBITDA was $787.7 million. Post spin the estimated total leverage ratio per our credit agreement was 2.7x.Net debt, defined as debt less cash, at the end of the 2026 fiscal second quarter amounted to $1.8 billion as compared to $2.0 billion at the end of fiscal 2025. Our borrowing availability at the end of the second quarter was approximately $2.6 billion.2026 Outlook
Management also provided the following expectations for the third quarter and full year 2026 for the total company post-spin of the Food Processing business and excluding Residential:
3rd Qtr, 2026
Full Year 2026
Net sales
$620-$640 M
$2.48-2.53 B
Organic Growth
4%
7%
Adjusted EBITDA(1)
$143-150 M
$572-588 M
Adjusted EPS(2)
$1.67-1.83
$6.73-6.89
(1) Includes corporate and other general company operations.
(2) FY 2026 Adjusted EPS expectation is the sum of the four quarters of Adjusted EPS, please reference earnings slides for further detail on guidance.
Beginning in the third quarter of 2026, the historical financial results of the Food Processing business for periods prior to the spin-off will be reflected in the company’s consolidated financial statements as discontinued operations. The below amounts represent Middleby excluding Food Processing and Residential which are to be considered preliminary and could change as the company finalizes discontinued operations.
1st Qtr, 2026
2nd Qtr, 2026
Net sales
$616 M
$631 M
Adjusted EBITDA(1)
$139 M
$145 M
Adjusted EPS
$1.55
$1.74
(1) Includes corporate and other general company operations.
1st Qtr, 2025
2nd Qtr, 2025
3rd Qtr, 2025
4th Qtr, 2025
Full Year 2025
Net sales
$563 M
$581 M
$606 M
$602 M
$2.35 B
Adjusted EBITDA(1)
$130 M
$139 M
$142 M
$140 M
$551 M
Adjusted EPS
$1.47
$1.40
$1.72
$1.52
$6.10
(1) Includes corporate and other general company operations.
Conference Call
The company has scheduled a conference call to discuss the second quarter results at 10 a.m. Eastern/9 a.m. Central Time on August 11th. The conference call is accessible through the Investor Relations section of the company website at www.middleby.com. If website access is not available, attendees can join the conference by dialing (844) 676-5090, or (412) 634-6754 for international access. The conference call will be available for replay from the company’s website.
Statements in this press release or otherwise attributable to the company regarding the company's business which are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding our expectations with respect to our future performance and the outcome of our strategic review. The company cautions investors that such statements are estimates of future performance and are highly dependent upon a variety of important factors that could cause actual results to differ materially from such statements. Such factors include variability in financing costs; quarterly variations in operating results; dependence on key customers; international exposure; foreign exchange and political risks affecting international sales; changing market conditions; the impact of competitive products and pricing; the timely development and market acceptance of the company's products; the availability and cost of raw materials; any variation between the preliminary and final historical results of the Food Processing business; and other risks detailed herein and from time-to-time in the company's SEC filings. Any forward-looking statement speaks only as of the date hereof, and the company does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
The Middleby Corporation is a global leader in commercial foodservice solutions. The well-known Middleby brands develop and manufacture a broad portfolio of innovative products for commercial kitchens worldwide. Middleby serves a diverse customer base with equipment and technology offerings that include cooking, warming, beverage, ice and IoT while proudly showcasing its advanced foodservice solutions in five state-of-the-art Middleby Innovation Kitchens across North America and Europe.
THE MIDDLEBY CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
(Amounts in 000’s, Except Per Share Information)
(Unaudited)
Three Months Ended
Six Months Ended
2nd Qtr,
2026
2nd Qtr,
2025
2nd Qtr,
2026
2nd Qtr,
2025
Net sales
$
875,549
$
796,799
$
1,715,457
$
1,527,422
Cost of sales
540,468
480,697
1,057,186
918,742
Gross profit
335,081
316,102
658,271
608,680
Selling, general and administrative expenses
186,601
167,598
374,898
329,407
Restructuring expenses
732
687
2,271
1,935
Income from continuing operations
147,748
147,817
281,102
277,338
Interest expense and deferred financing amortization, net
25,969
20,256
51,449
39,077
Net periodic pension benefit
(2,428
)
(1,601
)
(4,857
)
(3,117
)
Other (income)/expense, net
(2,177
)
2,128
(4,798
)
3,088
Earnings from continuing operations before income taxes
126,384
127,034
239,308
238,290
Provision for income taxes
43,275
25,368
70,915
51,561
Earnings from continuing operations before equity in net losses of affiliate
83,109
101,666
168,393
186,729
Equity in losses of affiliate, net of tax
(28,895
)
—
(28,895
)
—
Net earnings from continuing operations
54,214
101,666
139,498
186,729
Earnings/(loss) from discontinued operations, net of tax
598
4,290
(134,759
)
11,579
Net earnings
$
54,812
$
105,956
$
4,739
$
198,308
Net earnings/(loss) per share(1):
Basic from continuing operations
$
1.20
$
1.93
$
3.01
$
3.52
Basic from discontinued operations
0.01
0.08
(2.91
)
0.22
Basic earnings per share
$
1.21
$
2.01
$
0.10
$
3.73
Diluted from continuing operations
$
1.20
$
1.91
$
3.01
$
3.47
Diluted from discontinued operations
0.01
0.08
(2.91
)
0.21
Diluted earnings per share
$
1.21
$
1.99
$
0.10
$
3.68
Weighted average number of shares
Basic
45,326
52,616
46,279
53,105
Diluted
45,343
53,154
46,293
53,888
(1) Earnings/(loss) per share amounts for continuing operations and discontinued operations are calculated independently and may not sum to total earnings per share due to rounding.
THE MIDDLEBY CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in 000’s)
(Unaudited)
Jul 4, 2026
Jan 3, 2026
ASSETS
Cash and cash equivalents
$
159,178
$
222,239
Accounts receivable, net
601,178
573,039
Inventories, net
737,633
692,589
Prepaid expenses and other
111,222
111,176
Prepaid taxes
22,761
41,159
Current assets held for sale - discontinued operations
11,836
1,102,441
Total current assets
1,643,808
2,742,643
Property, plant and equipment, net
423,052
431,622
Goodwill
1,794,299
1,799,649
Other intangibles, net
1,030,987
1,061,192
Long-term deferred tax assets
6,729
8,209
Pension benefits assets
112,235
106,444
Equity method investment
109,724
—
Note receivable
86,879
—
Other assets
152,940
165,407
Total assets
$
5,360,653
$
6,315,166
LIABILITIES AND STOCKHOLDERS' EQUITY
Current maturities of long-term debt
$
44,101
$
44,420
Accounts payable
224,281
206,666
Accrued expenses
549,383
574,810
Current liabilities held for sale - discontinued operations
9,522
242,335
Total current liabilities
827,287
1,068,231
Long-term debt
1,935,423
2,128,582
Long-term deferred tax liability
212,184
156,723
Accrued pension benefits
7,308
7,629
Other non-current liabilities
168,497
177,772
Stockholders' equity
2,209,954
2,776,229
Total liabilities and stockholders' equity
$
5,360,653
$
6,315,166
THE MIDDLEBY CORPORATION
NON-GAAP SEGMENT INFORMATION
(Amounts in 000’s, Except Percentages)
(Unaudited)
Commercial
Foodservice
Food
Processing
Total
Company(1)
Three Months Ended July 4, 2026
Net sales
$
630,613
$
244,936
$
875,549
Segment income from continuing operations
$
143,564
$
43,978
$
147,748
Income from continuing operations % of net sales
22.8
%
18.0
%
16.9
%
Depreciation
7,302
4,197
12,040
Amortization
10,558
2,541
13,099
Restructuring expenses
571
161
732
Acquisition related adjustments
(297
)
(1,063
)
(3,000
)
Facility consolidation related expenses
828
—
828
Strategic transaction costs
—
—
14,479
Stock compensation
—
—
7,253
Segment adjusted EBITDA from continuing operations(2)
$
162,526
$
49,814
$
193,179
Adjusted EBITDA from continuing operations % of net sales
25.8
%
20.3
%
22.1
%
Three Months Ended June 28, 2025
Net sales
$
580,605
$
216,194
$
796,799
Segment income from continuing operations
$
137,946
$
42,679
$
147,817
Income from continuing operations % of net sales
23.8
%
19.7
%
18.6
%
Depreciation
6,911
3,095
10,705
Amortization
10,952
2,629
13,581
Restructuring expenses
745
(58
)
687
Acquisition related adjustments
37
(2,496
)
(2,335
)
Strategic transaction costs
—
—
5,591
Stock compensation
—
—
5,590
Segment adjusted EBITDA from continuing operations
$
156,591
$
45,849
$
181,636
Adjusted EBITDA from continuing operations % of net sales
27.0
%
21.2
%
22.8
%
(1) Includes corporate and other general company expenses, which impact Segment Adjusted EBITDA, and amounted to $19.2 million and $20.8 million for the three months ended July 4, 2026 and June 28, 2025, respectively.
(2) Foreign exchange rates favorably impacted Segment Adjusted EBITDA by approximately $0.3 million for the three months ended July 4, 2026.
THE MIDDLEBY CORPORATION
NON-GAAP SEGMENT INFORMATION
(Amounts in 000’s, Except Percentages)
(Unaudited)
Commercial
Foodservice
Food
Processing
Total
Company(1)
Six Months Ended July 4, 2026
Net sales
$
1,246,149
$
469,308
$
1,715,457
Segment income from continuing operations
$
283,230
$
78,343
$
281,102
Income from continuing operations % of net sales
22.7
%
16.7
%
16.4
%
Depreciation
14,546
7,902
23,540
Amortization
21,181
5,262
26,443
Restructuring expenses
1,260
104
2,271
Acquisition related adjustments
(119
)
(374
)
(2,133
)
Facility consolidation related expenses
828
—
828
Strategic transaction costs
—
—
24,424
Stock compensation
—
—
17,327
Segment adjusted EBITDA from continuing operations(2)
$
320,926
$
91,237
$
373,802
Adjusted EBITDA from continuing operations % of net sales
25.8
%
19.4
%
21.8
%
Six Months Ended June 28, 2025
Net sales
$
1,143,322
$
384,100
$
1,527,422
Segment Income from Continuing Operations
$
270,042
$
66,189
$
277,338
Income from continuing operations % of net sales
23.6
%
17.2
%
18.2
%
Depreciation
13,541
5,986
21,051
Amortization
22,246
5,543
27,789
Restructuring expenses
1,883
52
1,935
Acquisition related adjustments
309
(1,858
)
(1,933
)
Strategic transaction costs
—
—
9,063
Stock compensation
—
—
7,878
Segment adjusted EBITDA from continuing operations
$
308,021
$
75,912
$
343,121
Adjusted EBITDA from continuing operations % of net sales
26.9
%
19.8
%
22.5
%
(1) Includes corporate and other general company expenses, which impact Segment Adjusted EBITDA, and amounted to $38.4 million and $40.8 million for the six months ended July 4, 2026 and June 28, 2025, respectively.
(2) Foreign exchange rates favorably impacted Segment Adjusted EBITDA by $2.6 million for the six months ended July 4, 2026.
THE MIDDLEBY CORPORATION
NON-GAAP INFORMATION
(Amounts in 000’s, Except Per Share Information)
(Unaudited)
Three Months Ended
2nd Qtr, 2026
2nd Qtr, 2025
$
Diluted per
share
$
Diluted per
share
Net earnings from continuing operations
$
54,214
$
1.20
$
101,666
$
1.91
Amortization(1)
13,724
0.30
15,357
0.29
Restructuring expenses
732
0.02
687
0.01
Acquisition related adjustments
(3,000
)
(0.07
)
(2,335
)
(0.04
)
Facility consolidation related expenses
828
0.02
—
—
Net periodic pension benefit
(2,428
)
(0.05
)
(1,601
)
(0.03
)
Strategic transaction costs
14,479
0.32
5,591
0.11
Change in fair value of note receivable
(2,693
)
(0.06
)
—
—
Equity in losses of affiliate, net
28,895
0.64
—
—
Discrete tax impact of Spin related transactions
4,629
0.10
—
—
Income tax effect of pre-tax adjustments
(2,964
)
(0.07
)
(3,540
)
(0.07
)
Adjustment for shares excluded due to anti-dilution effect on GAAP net earnings(2)
—
—
—
0.02
Adjusted net earnings from continuing operations
$
106,416
$
2.35
$
115,825
$
2.20
Diluted weighted average number of shares
45,343
53,154
Adjustment for shares excluded due to anti-dilution effect on GAAP net earnings(2)
—
(511
)
Adjusted diluted weighted average number of shares
45,343
52,643
Six Months Ended
2nd Qtr, 2026
2nd Qtr, 2025
$
Diluted per
share
$
Diluted per
share
Net earnings from continuing operations
$
139,498
$
3.01
$
186,729
$
3.47
Amortization(1)
27,694
0.60
31,362
0.58
Restructuring expenses
2,271
0.05
1,935
0.04
Acquisition related adjustments
(2,133
)
(0.05
)
(1,933
)
(0.04
)
Facility consolidation related expenses
828
0.02
—
—
Net periodic pension benefit
(4,857
)
(0.10
)
(3,117
)
(0.06
)
Strategic transaction costs
24,424
0.53
9,063
0.17
Change in fair value of note receivable
(4,499
)
(0.10
)
—
—
Equity in losses of affiliate, net
28,895
0.62
—
—
Discrete tax impact of Spin related transactions
4,629
0.10
—
—
Income tax effect of pre-tax adjustments
(8,817
)
(0.19
)
(8,059
)
(0.15
)
Adjustment for shares excluded due to anti-dilution effect on GAAP net earnings(2)
—
—
—
0.06
Adjusted net earnings from continuing operations
$
207,933
$
4.49
$
215,980
$
4.07
Diluted weighted average number of shares
46,293
53,888
Adjustment for shares excluded due to anti-dilution effect on GAAP net earnings(2)
—
(769
)
Adjusted diluted weighted average number of shares
46,293
53,119
(1) Includes amortization of deferred financing costs and convertible notes issuance costs.
(2) Adjusted diluted weighted average number of shares was calculated based on excluding the dilutive effect of shares to be issued upon conversion of the notes to satisfy the amount in excess of the principal since the company's capped call offsets the dilutive impact of the shares underlying the convertible notes. The calculation of adjusted diluted earnings per share excludes the principal portion of the convertible notes as this will always be settled in cash. Given the settlement of the convertible notes in the third quarter of 2025 the weighted average number of shares will no longer require an adjustment in 2026.
THE MIDDLEBY CORPORATION
NON-GAAP INFORMATION
(Amounts in 000’s)
(Unaudited)
Three Months Ended
Six Months Ended
2nd Qtr, 2026
2nd Qtr, 2025
2nd Qtr, 2026
2nd Qtr, 2025
Net Cash Flows Provided By (Used In):
Operating activities(1)
$
99,714
$
91,761
$
187,526
$
229,047
Investing activities(2)
(11,649
)
(18,101
)
544,878
(45,669
)
Financing activities
(102,803
)
(346,368
)
(787,468
)
(403,459
)
Free Cash Flow
Cash flow from operating activities(1)
$
99,714
$
91,761
$
187,526
$
229,047
Less: Capital expenditures(3)
(10,695
)
(14,584
)
(18,634
)
(41,064
)
Free cash flow
$
89,019
$
77,177
$
168,892
$
187,983
(1) Includes payments of strategic transaction costs of $7.5 million and $15.2 million for the three and six months ended July 4, 2026.
(2) Includes proceeds from sale of 51% interest in Residential Kitchen Equipment Group, net of cash transferred, of $564.6 million for the six months ended July 4, 2026.
(3) Includes purchase of previously leased food processing manufacturing facility for the six months ended June 28, 2025.
THE MIDDLEBY CORPORATION
NON-GAAP INFORMATION(1)
(Amounts in 000’s)
(Unaudited)
1st Qtr, 2026
2nd Qtr, 2026
Net sales
$
839,908
$
875,549
Less: Food Processing
(224,372
)
(244,936
)
Net sales excluding Food Processing
$
615,536
$
630,613
Income from continuing operations
$
133,354
$
147,748
Less: Food Processing
(22,685
)
(26,850
)
Income from continuing operations excluding Food Processing
$
110,669
$
120,898
Depreciation
7,795
7,843
Amortization
10,623
10,558
Restructuring expenses
1,596
571
Acquisition related adjustments
178
(1,937
)
Facility consolidation related expenses
—
828
Stock compensation
8,531
6,004
Adjusted EBITDA from continuing operations excluding Food Processing
$
139,392
$
144,765
1st Qtr, 2025
2nd Qtr, 2025
3rd Qtr, 2025
4th Qtr, 2025
Full Year 2025
Net sales
$
730,623
$
796,799
$
807,355
$
866,425
$
3,201,202
Less: Food Processing
(167,906
)
(216,195
)
(201,353
)
(264,701
)
(850,155
)
Net sales excluding Food Processing
$
562,717
$
580,604
$
606,002
$
601,724
$
2,351,047
Income from continuing operations
$
129,521
$
147,817
$
147,718
$
149,835
$
574,891
Less: Food Processing
(21,547
)
(32,783
)
(24,088
)
(40,939
)
(119,357
)
Income from continuing operations excluding Food Processing
$
107,974
$
115,034
$
123,630
$
108,896
$
455,534
Depreciation
7,455
7,610
7,646
8,277
30,988
Amortization
11,294
10,952
10,657
10,654
43,557
Restructuring expenses
1,137
746
349
519
2,751
Acquisition related adjustments
(237
)
161
283
(1,878
)
(1,671
)
Stock compensation
2,001
4,661
(495
)
4,699
10,866
Impairments
—
—
—
9,298
9,298
Adjusted EBITDA from continuing operations excluding Food Processing
$
129,624
$
139,164
$
142,070
$
140,465
$
551,323
(1) These amounts represent Middleby excluding Food Processing and Residential which are to be considered preliminary and could change as the company finalizes discontinued operations.
THE MIDDLEBY CORPORATION
NON-GAAP INFORMATION(1)
(Amounts in 000’s, Except Per Share Information)
(Unaudited)
1st Qtr, 2026
2nd Qtr, 2026
$
Diluted per
share
$
Diluted per
share
Net earnings from continuing operations
$
85,284
$
1.81
$
54,214
$
1.20
Less: Food Processing
(18,786
)
(0.40
)
(8,242
)
(0.19
)
Net earnings from continuing operations excluding Food Processing
$
66,498
$
1.41
$
45,972
$
1.01
Amortization(2)
11,247
0.24
11,183
0.25
Restructuring expenses
1,596
0.03
571
0.01
Acquisition related adjustments
178
—
(1,937
)
(0.04
)
Facility consolidation related expenses
—
—
828
0.02
Net periodic pension benefit
(2,429
)
(0.05
)
(2,428
)
(0.05
)
Change in fair value of note receivable
(1,806
)
(0.04
)
(2,693
)
(0.06
)
Equity in losses of affiliate, net
—
—
28,895
0.64
Income tax effect of pre-tax adjustments
(2,267
)
(0.04
)
(1,425
)
(0.04
)
Adjusted net earnings from continuing operations excluding Food Processing
$
73,017
$
1.55
$
78,966
$
1.74
Diluted weighted average number of shares
47,243
45,343
Adjusted diluted weighted average number of shares
47,243
45,343
(1) These amounts represent Middleby excluding Food Processing and Residential which are to be considered preliminary and could change as the company finalizes discontinued operations.
(2) Includes amortization of deferred financing costs and convertible notes issuance costs.
THE MIDDLEBY CORPORATION
NON-GAAP INFORMATION(1)
(Amounts in 000’s, Except Per Share Information)
(Unaudited)
1st Qtr, 2025
2nd Qtr, 2025
$
Diluted per
share
$
Diluted per
share
Net earnings from continuing operations
$
85,063
$
1.56
$
101,666
$
1.91
Less: Food Processing
(15,988
)
(0.30
)
(37,047
)
(0.69
)
Net earnings from continuing operations excluding Food Processing
$
69,075
$
1.26
$
64,619
$
1.22
Amortization(2)
13,091
0.24
12,728
0.24
Restructuring expenses
1,137
0.02
746
0.01
Acquisition related adjustments
(237
)
—
161
—
Net periodic pension benefit
(1,516
)
(0.03
)
(1,601
)
(0.03
)
Income tax effect of pre-tax adjustments
(2,844
)
(0.05
)
(2,744
)
(0.05
)
Adjustment for shares excluded due to anti-dilution effect on GAAP net earnings(3)
—
0.03
—
0.01
Adjusted net earnings from continuing operations excluding Food Processing
$
78,706
$
1.47
$
73,909
$
1.40
Diluted weighted average number of shares
54,621
1.26
53,154
Adjustment for shares excluded due to anti-dilution effect on GAAP net earnings(3)
(1,028
)
(511
)
Adjusted diluted weighted average number of shares
53,593
52,643
3rd Qtr, 2025
4th Qtr, 2025
$
Diluted per
share
$
Diluted per
share
Net earnings from continuing operations
$
94,452
$
1.87
$
86,086
$
1.72
Less: Food Processing
(16,535
)
(0.33
)
(23,872
)
(0.48
)
Net earnings from continuing operations excluding Food Processing
$
77,917
$
1.54
$
62,214
$
1.24
Amortization(2)
12,725
0.25
11,322
0.23
Restructuring expenses
349
0.01
519
0.01
Acquisition related adjustments
283
0.01
(1,878
)
(0.04
)
Net periodic pension benefit
(1,597
)
(0.03
)
(1,580
)
(0.03
)
Impairments
—
—
9,298
0.19
Income tax effect of pre-tax adjustments
(2,681
)
(0.06
)
(4,031
)
(0.08
)
Adjusted net earnings from continuing operations excluding Food Processing
$
86,996
$
1.72
$
75,864
$
1.52
Diluted weighted average number of shares
50,521
50,032
Adjustment for shares excluded due to anti-dilution effect on GAAP net earnings(3)
53
—
Adjusted diluted weighted average number of shares
50,574
50,032
(1) These amounts represent Middleby excluding Food Processing and Residential which are to be considered preliminary and could change as the company finalizes discontinued operations.
(2) Includes amortization of deferred financing costs and convertible notes issuance costs.
(3) Adjusted diluted weighted average number of shares was calculated based on excluding the dilutive effect of shares to be issued upon conversion of the notes to satisfy the amount in excess of the principal since the company's capped call offsets the dilutive impact of the shares underlying the convertible notes. The calculation of adjusted diluted earnings per share excludes the principal portion of the convertible notes as this will always be settled in cash.
THE MIDDLEBY CORPORATION
NON-GAAP INFORMATION(1)
(Amounts in 000’s, Except Per Share Information)
(Unaudited)
Full Year 2025
$
Diluted per
share
Net earnings from continuing operations
$
367,267
$
7.04
Less: Food Processing
(93,441
)
(1.79
)
Net earnings from continuing operations excluding Food Processing
$
273,826
$
5.25
Amortization(2)
49,866
0.96
Restructuring expenses
2,751
0.05
Acquisition related adjustments
(1,671
)
(0.03
)
Net periodic pension benefit
(6,294
)
(0.12
)
Impairments
9,298
0.18
Income tax effect of pre-tax adjustments
(12,301
)
(0.24
)
Adjustment for shares excluded due to anti-dilution effect on GAAP net earnings(3)
—
0.05
Adjusted net earnings from continuing operations excluding Food Processing
$
315,475
$
6.10
Diluted weighted average number of shares
52,179
Adjustment for shares excluded due to anti-dilution effect on GAAP net earnings(3)
(468
)
Adjusted diluted weighted average number of shares
51,711
(1) These amounts represent Middleby excluding Food Processing and Residential which are to be considered preliminary and could change as the company finalizes discontinued operations.
(2) Includes amortization of deferred financing costs and convertible notes issuance costs.
(3) Adjusted diluted weighted average number of shares was calculated based on excluding the dilutive effect of shares to be issued upon conversion of the notes to satisfy the amount in excess of the principal since the company's capped call offsets the dilutive impact of the shares underlying the convertible notes. The calculation of adjusted diluted earnings per share excludes the principal portion of the convertible notes as this will always be settled in cash.
USE OF NON-GAAP FINANCIAL MEASURES
The company supplements its consolidated financial statements presented on a GAAP basis with this non-GAAP financial information to provide investors with greater insight, increase transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision-making. The non-GAAP financial measures disclosed by the company should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP, and the financial results prepared in accordance with GAAP and reconciliations from these results should be carefully evaluated. In addition, the non-GAAP financial measures included in this press release do not have standard meanings and may vary from similarly titled non-GAAP financial measures used by other companies.
The company believes that organic net sales growth, adjusted EBITDA, organic adjusted EBITDA, segment adjusted EBITDA, net debt, net leverage, adjusted net earnings and adjusted diluted per share measures are useful as supplements to its GAAP results of operations to evaluate certain aspects of its operations and financial performance, and its management team primarily focuses on non-GAAP items in evaluating performance for business planning purposes. The company also believes that these measures assist it with comparing its performance between various reporting periods on a consistent basis, as these measures remove from operating results the impact of items that, in its opinion, do not reflect its core operating performance including, for example, intangibles amortization expense, impairment charges, restructuring expenses, and other charges which management considers to be outside core operating results.
The company believes that free cash flow is an important measure of operating performance because it provides management and investors with a measure of cash generated from operations that is available for mandatory payment obligations and investment opportunities, such as funding acquisitions, repaying debt and repurchasing our common stock.
The company believes that its presentation of these non-GAAP financial measures is useful because it provides investors and securities analysts with the same information that Middleby uses internally for purposes of assessing its core operating performance.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260811523406/en/
Middleby (MIDD - Free Report) came out with quarterly earnings of $2.35 per share, beating the Zacks Consensus Estimate of $2.28 per share. This compares to earnings of $2.35 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +3.07%. A quarter ago, it was expected that this food preparation equipment company would post earnings of $1.94 per share when it actually produced earnings of $2.16, delivering a surprise of +11.34%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Middleby, which belongs to the Zacks Manufacturing - General Industrial industry, posted revenues of $875.55 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.63%. This compares to year-ago revenues of $977.86 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.
Middleby shares have lost about 12.4% since the beginning of the year versus the S&P 500's gain of 13.3%.
What's Next for Middleby?While Middleby 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 Middleby 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 $2.42 on $831.49 million in revenues for the coming quarter and $9.54 on $3.39 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 26% 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, Applied Industrial Technologies (AIT - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 13.
This industrial products company is expected to post quarterly earnings of $2.92 per share in its upcoming report, which represents a year-over-year change of +4.3%. The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level.
Applied Industrial Technologies' revenues are expected to be $1.29 billion, up 5.6% from the year-ago quarter.
, /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL) today announced that its indirect subsidiary, Blue Owl Finance LLC, intends to offer 10-year senior unsecured notes (the "notes"), subject to market and other conditions. The notes will be fully and unconditionally guaranteed by each of Blue Owl, Blue Owl Capital GP Holdings LLC, Blue Owl Capital GP LLC, Blue Owl Capital Holdings LP, Blue Owl Capital Carry LP, Blue Owl Capital Group LLC, Blue Owl GPSC Holdings LLC, Blue Owl Capital GP Holdings LP, Blue Owl GP Stakes GP Holdings LLC, Blue Owl Real Estate Holdings LP, Blue Owl Real Estate GP Holdings LLC and Blue Owl Capital Holdings LLC. Blue Owl intends to use the net proceeds from this offering to repay a portion of outstanding borrowings under its revolving credit facility.
BofA Securities, Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers.
The notes are being offered pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission (the "SEC") and only by means of a prospectus and prospectus supplement. An electronic copy of the prospectus supplement, together with the accompanying prospectus, is available on the SEC's website at www.sec.gov. Alternatively, copies of the prospectus supplement and accompanying prospectus may be obtained by contacting the joint book-running managers: BofA Securities, Inc., NC1-004-03-43, Attn: Prospectus Department, 200 North College Street, 3rd floor, Charlotte NC 8255-0001, Email: [email protected]; Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, Email: [email protected], Telephone: (866) 471-2526; or Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the notes or any other securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
About Blue Owl
Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With $319 billion in assets under management as of June 30, 2026, we invest across three multi-strategy platforms: Credit, Real Assets and GP Strategic Capital. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.
Together with over 1,380 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional.
Forward-Looking Statements
Certain statements made in this release, including those relating to the timing, size and other terms of the offering, are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "would," "should," "future," "propose," "target," "goal," "objective," "outlook" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Any such forward-looking statements are made pursuant to the safe harbor provisions available under applicable securities laws and speak only as of the date made. Blue Owl assumes no obligation to update or revise any such forward-looking statements except as required by law.
These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Blue Owl's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.
Important factors, among others, that may affect actual results or outcomes include the inability to recognize the anticipated benefits of strategic acquisitions; costs related to acquisitions; the inability to maintain the listing of Blue Owl's shares on the New York Stock Exchange; Blue Owl's ability to manage growth; Blue Owl's ability to execute its business plan and meet its projections; potential litigation involving Blue Owl; changes in applicable laws or regulations; and the possibility that Blue Owl may be adversely affected by other economic, business, geo-political and competitive factors.
Investor Contact
Ann Dai
Head of Investor Relations
[email protected]
Range Resources ve 2. čtvrtletí překonala odhady zisku i tržeb díky vyšší produkci a lepším realizacím. Potvrdila výhled produkce na rok 2026 na 2,35–2,40 mld. kubických stop ekvivalentu denně i kapitálový rozpočet 650–700 mil. USD.
Key Takeaways RRC beat Q2 earnings and revenue estimates as higher production and realizations lifted results.RRC kept its $650-$700M capital budget and 2.35-2.40 Bcfe/d 2026 production outlook unchanged.Range Resources must bring 30 more wells online and ramp output toward roughly 2.5 Bcfe/d by year-end. Range Resources (RRC - Free Report) delivered a sizable second-quarter 2026 earnings and revenue beat as higher production and better price realizations supported results. The quarter also kept the company’s multiyear development plan moving forward.
The next test is execution. Improved commodity-differential guidance and operating efficiency support the second-half setup, but Range Resources still needs infrastructure, well performance and development sequencing to lift output toward its year-end target.
RRC’s Q2 Earnings and Revenue Beat ExpectationsAdjusted earnings reached 79 cents per share, up from 66 cents a year earlier and 41.1% above the Zacks Consensus Estimate of 56 cents. The result reflected higher natural gas equivalent output and improved realizations.
Image Source: Zacks Investment Research
Revenues of $795.3 million increased 8.5% year over year and surpassed the consensus estimate of $720 million by 10.5%. The combination gave Range Resources a meaningful second-quarter beat on both major headline measures.
Two other natural gas producers that have also reported better-than-expected second-quarter 2026 earnings are Antero Resources (AR - Free Report) and Comstock Resources (CRK - Free Report) . For more details, read our blogs, “CRK Q2 Earnings Beat Estimates, Revenues Miss on Weak Gas Prices” and “AR Q2 Earnings Beat Estimates on Record Production Gains.”
Range Resources Benefited From Better RealizationsPre-hedge natural gas liquids realizations rose 23% to $29.10 per barrel, a $3.49 premium to the Mont Belvieu equivalent. Oil realizations before hedges climbed 59% to $83.96 per barrel.
Range Resources also narrowed its 2026 natural gas differential guidance to 35 to 40 cents below NYMEX from 35 to 45 cents below and lifted its natural gas liquids outlook to a $2.00 to $2.50 premium to Mont Belvieu. Those revisions improve the realization backdrop for the second half.
RRC’s Operating Efficiency Supports the 2026 PlanSecond-quarter production averaged 2.30 billion cubic feet equivalent per day, up 4.5% year over year. Range Resources, having more than 30 years' worth of attractive Marcellus drilling opportunities, turned 21 wells to sales across roughly 300,000 lateral feet, while record drilling and completion performance supported development progress.
Image Source: Range Resources
The company retained its $650 to $700 million capital budget and 2.35 to 2.40 billion cubic feet equivalent per day production outlook.
Range Resources Still Has Work Ahead in 2026The quarter did not clear every execution hurdle. Production of 2.30 billion cubic feet equivalent per day was below the projected 2.39 billion, showing that the planned second-half ramp remains important.
Range Resources had turned 38 of its planned 68 wells to sales through the first half, leaving 30 for the remainder of 2026. Infrastructure commissioning, well performance and activity sequencing will therefore be central to reaching roughly 2.5 billion cubic feet equivalent per day by year-end.
RRC’s Cash Flow Strengthens the Impact of the BeatCash flow from operations before working-capital changes rose 10.7% year over year to $332.5 million. During the quarter, Range Resources repurchased $78 million of shares and paid $24 million in dividends.
Net debt fell to $880.8 million at June 30, 2026, down 28% from $1.22 billion at year-end 2025. That balance-sheet improvement lends more weight to the operating beat, though future cash generation remains sensitive to natural gas and natural gas liquids prices, as is the case for peers such as Antero Resources and Comstock Resources.
RRC’s Ratings Temper the Post-Earnings OptimismThe second-quarter beat, improved realizations and operating records support the 2026 growth plan, but the remaining production ramp still leaves execution risk. Range Resources must convert its second-half well schedule and infrastructure additions into the output and cash flow embedded in its targets.
RRC currently carries a Zacks Rank #4 (Sell), and has not witnessed earnings estimate revisions for 2026 over the past seven days. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Legend Biotech vykázala ve 2. čtvrtletí 2026 poprvé ziskovost na úrovni celé firmy a upravený čistý zisk 63 milionů USD. Výnosy z CARVYKTI vzrostly meziročně o 50 % na zhruba 657 milionů USD.
CPI Data Sparks Rally in Biotech StocksLegend Biotech NASDAQ: LEGN reported second-quarter 2026 results marked by continued global growth for CARVYKTI and the company’s first quarter of company-wide profitability on both an IFRS and adjusted basis, management said during its earnings call.
Interim Chief Executive Officer Alan Bash said the company generated approximately $657 million in worldwide net trade sales for CARVYKTI during the quarter, up 50% from a year earlier and 10% sequentially. He also said Legend generated adjusted net income of $63 million and expects to remain adjusted-net-income profitable during the second half of 2026.
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Why Legend Biotech Stock Is Having Its Best Month YetThe call followed the departure of former CEO Dr. Ying Huang last month. Bash said the leadership change does not represent a change in strategy, with the company remaining focused on expanding CARVYKTI, advancing its next-generation pipeline and strengthening execution.
CARVYKTI Growth Driven by Earlier-Line Use and International Expansion CARVYKTI sales in the U.S. increased 32% year over year, while sales outside the U.S. rose 128%, according to Bash. U.S. sales grew 9% sequentially, supported primarily by accelerating adoption in earlier treatment lines. International sales increased 13% sequentially as launches continued across 19 markets and the company expanded its activated treatment-site network.
Legend said CARVYKTI is now available through 348 treatment sites globally. More than 150 authorized treatment centers are in the U.S., including community hospitals representing roughly 40% of those sites.
Management said use in the second through fourth lines of treatment now accounts for more than 70% of CARVYKTI’s U.S. volume. The company had previously said second- and third-line use represented 41% of total mix, but said it does not plan to provide that more detailed breakout every quarter.
Bash said the company and its partner, Johnson & Johnson, continue to position CARVYKTI as a “one-and-done” treatment option compared with continuous therapies. Management also cited clinical and real-world data suggesting patients may have better outcomes when they receive CAR-T therapy before other BCMA-directed treatment options.
Legend reiterated its view that CARVYKTI has peak annual sales potential above $5 billion.
In Vivo CAR-T Data and Pipeline Plans The company highlighted early clinical data for LB2501, a CD19/CD20 dual-targeting in vivo CAR-T therapy being studied in relapsed or refractory non-Hodgkin’s lymphoma. Data presented at the European Hematology Association Congress included 12 patients in an ongoing China-based investigator-initiated Phase I dose-escalation trial.
At the second dose level, six patients with diffuse large B-cell lymphoma, mantle cell lymphoma or follicular lymphoma had a 100% objective response rate and an 83.3% complete response rate, Bash said. CAR-T cells were detected in peripheral blood for as long as 116 days. The treatment was reported to be well tolerated, with no dose-limiting toxicities, serious adverse events or deaths reported in the data set.
Legend expects to file a U.S. investigational new drug application for LB2501 by the end of 2026 and intends to conduct the initial U.S. Phase I study itself. The company said it plans to present additional data from the China study at future medical conferences and is ultimately targeting an update on six-month complete-response rates.
During the question-and-answer session, management also disclosed that Legend will conduct an investigator-initiated study in China of LB2505, an investigational BCMA-targeted in vivo CAR-T treatment for multiple myeloma. The program is subject to the company’s collaboration agreement with Johnson & Johnson, and management did not provide additional details.
Legend said it remains interested in pursuing in vivo CAR-T opportunities in autoimmune disease across multiple potential targets. Management distinguished its lentiviral vector-based platform from Sail’s preclinical circular mRNA and lipid nanoparticle platform.
Beyond in vivo programs, the company said it continues to advance autologous CAR-T candidates targeting Claudin 18.2, DLL3, GPRC5D and other targets, as well as allogeneic programs for autoimmune disease and B-cell malignancies. Interim Head of R&D Yuhong Qiu said Legend continues to see a role for allogeneic therapies and expects to provide future updates on its LUCAR-G39D program.
Financial Results, Margins and Cash Position Chief Financial Officer Carlos Santos said total revenue increased 52% year over year, while operating margin improved to positive 15% from negative 9% in the prior-year period. He said revenue has grown at a 74% compound annual growth rate since the second quarter of 2023, while operating margin has improved from negative 142% over that span.
Gross margin on net product sales was 58% in the second quarter, compared with 41% in the first quarter. Santos said the first-quarter figure had been affected by one-time manufacturing-expansion costs that were reversed in the second quarter, along with other one-time favorability.
Management expects gross margin on net product sales to fall into the lower-50% range in the third quarter before rebounding to the mid-50% range in the fourth quarter. Santos said a growing outpatient mix, which is approaching 60% of total volume, introduces different margin dynamics. Over time, the company expects manufacturing scale and utilization to support gross margins of about 75%.
Research and development expense declined 2% year over year as costs from later-stage BCMA frontline studies declined, partly offset by increased investment in in vivo assets. Selling, general and administrative expense increased 19%, primarily reflecting investments supporting CARVYKTI’s position in BCMA CAR-T markets. Income tax expense was $22.3 million, compared with about $600,000 a year earlier, reflecting higher taxable income in the U.S., Belgium and China. Santos said Legend expects its tax rate to be in the high-20% range over the next several quarters, although the company is still negotiating a unilateral advanced pricing agreement with Chinese tax authorities.
As of June 30, Legend held approximately $965 million in cash equivalents and time deposits and had no long-term debt. The balance included about $212 million in net proceeds from a June public equity offering.
Management described the financing as opportunistic following the LB2501 data release and said the proceeds provide flexibility to accelerate development of the in vivo platform. The company also expects to fully settle a roughly $300 million loan obligation to Johnson & Johnson, including accrued interest, during 2026 through a combination of cash payments and collaboration-profit recoupments.
Legend maintained its objectives of sequential CAR-T growth through the rest of 2026, adjusted-net-income profitability in the second half, a fourth-quarter IND filing for LB2501 and additional in vivo data presentations at future medical meetings.
About Legend Biotech (NASDAQ:LEGN)Legend Biotech NASDAQ: LEGN is a commercial-stage biopharmaceutical company specializing in the development and commercialization of chimeric antigen receptor T-cell (CAR-T) therapies for oncology. Headquartered in Somerset, New Jersey, with research and development operations in Shanghai, the company leverages a global infrastructure to advance innovative cellular therapies. Legend Biotech pursues a strategy of strategic collaboration to extend its reach, most notably through its partnership with Janssen Biotech, a subsidiary of Johnson & Johnson.
The company's lead asset, ciltacabtagene autoleucel (commercially marketed as Carvykti), is a B-cell maturation antigen (BCMA)–directed CAR-T therapy for the treatment of relapsed or refractory multiple myeloma.
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Should You Invest $1,000 in Legend Biotech Right Now?Before you consider Legend Biotech, you'll want to hear this.
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Nový člen představenstva HubSpot Gerald Dischler koupil 925 akcií za zhruba 200 000 USD. Nákup přišel po 52% poklesu ceny akcií za posledních 12 měsíců.
Gerald Dischler, a recent member of the Board of Directors at HubSpot, Inc. (HUBS +3.08%), purchased 925 shares of common stock on August 10, 2026 according to the SEC Form 4 filing.
Transaction summaryMetricValueTransaction value~$200,000Shares purchased925Post-transaction shares (directly held)1,940Post-transaction value$418,865.40Transaction value based on SEC Form 4 weighted average purchase price ($215.93); post-transaction value based on August 10, 2026 market close ($215.91).
Key questionsWhat was the scale of this acquisition relative to the insider’s existing position?
This purchase represented a 91% increase in direct holdings, nearly doubling the director's exposure to the common stock.How does this activity align with the company’s recent market performance?
The director expanded the position following a 52% decline in the stock's value over the previous 12 months, during a period where the company reported trailing twelve-month revenue of $3.4 billion.What is the current status of the director’s total stake?
Following the transaction, the director holds 1,940 shares directly, which corresponds to a 0.0038% ownership stake in the company.Company OverviewMetricValueShare Price (as of market close 2026-08-10)$215.91Market Capitalization$10.8 billionRevenue (TTM)$3.4 billionNet Income (TTM)$146.9 millionCompany SnapshotHubSpot provides a comprehensive, cloud-based customer relationship management (CRM) platform featuring integrated modules for marketing, sales, customer service, and content management, complemented by specialized tools including search engine optimization, website management, and AI-driven chatbot capabilities.The company operates a subscription-based software-as-a-service business model, generating recurring revenue through tiered pricing structures that serve businesses of varying sizes and operational requirements across multiple geographies.HubSpot serves a diverse customer base spanning small and medium-sized enterprises to large corporations across the Americas, Europe, and the Asia Pacific region, targeting organizations seeking integrated solutions to streamline customer engagement and operational efficiency.HubSpot maintains a substantial market position with a market cap of $10.8 billion, supported by a workforce of 9,016 employees. The company's integrated CRM platform strategy differentiates it within the competitive software-as-a-service landscape by consolidating multiple business functions into a single ecosystem, enabling customers to reduce operational complexity while enhancing customer lifecycle management capabilities.
What this transaction means for investorsThe Aug. 10 purchase of HubSpot stock by new Board of Directors member Gerald Dischler, who joined the Board in August of 2026, signals his confidence in its share price appreciation potential. The transaction happened at $215.93 per share, indicating Dischler believes HubSpot is a buy at that price.
He could be right, considering the stock hit a 52-week high of $525.51 last September. The share price dropped after the company reported second-quarter earnings results on Aug. 5.
HubSpot’s Q2 revenue rose a strong 20% year over year to $911.7 million. This growth helped it increase Q2 net income to $43.3 million, a substantial turnaround from a net loss of $3.3 million in 2025.
Despite these excellent results, HubSpot’s share price fell due to weaker than expected guidance for Q3 sales as management noted headwinds in its drive to build up its artificial intelligence business. The company forecasted Q3 revenue in the range of $924 million to $925 million, up 14% year over year, which is slower growth compared to Q2’s 20% increase.
Dischler’s buy at this time suggests he believes the stock will rebound over time.
Robert Izquierdo has positions in HubSpot. The Motley Fool has positions in and recommends HubSpot. The Motley Fool has a disclosure policy.
On Holding (ONON - Free Report) came out with quarterly earnings of $0.44 per share, in line with the Zacks Consensus Estimate . This compares to a loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this running-shoe and apparel company would post earnings of $0.35 per share when it actually produced earnings of $0.47, delivering a surprise of +34.29%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
On Holding, which belongs to the Zacks Retail - Apparel and Shoes industry, posted revenues of $1.08 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 3.42%. This compares to year-ago revenues of $907.78 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.
On Holding shares have lost about 16.6% since the beginning of the year versus the S&P 500's gain of 13.3%.
What's Next for On Holding?While On Holding 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 On Holding 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 $0.51 on $1.2 billion in revenues for the coming quarter and $1.77 on $4.47 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Apparel and Shoes is currently in the top 42% 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, Urban Outfitters (URBN - Free Report) , is yet to report results for the quarter ended July 2026.
This clothing and accessories retailer is expected to post quarterly earnings of $1.72 per share in its upcoming report, which represents a year-over-year change of +8.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Urban Outfitters' revenues are expected to be $1.65 billion, up 9.5% from the year-ago quarter.
Autor dává přednost Brookfield Renewable před NuScale, protože Brookfield už nyní generuje 1,7 miliardy USD výnosů a přes 400 milionů USD FFO za 2. čtvrtletí. NuScale zůstává spekulativní a ve 2. čtvrtletí měla výnosy jen 75 tisíc USD.
I have no interest in chasing NuScale (SMR +2.11%) by adding the once-high-flying small modular reactor (SMR) developer to my portfolio. It's just too speculative for me. Instead, I'm buying Brookfield Renewable (BEPC +1.70%)(NYSE: BEP), which has highly visible growth and underappreciated upside amid the global nuclear energy resurgence.
NuScale had been one of the hottest names in the energy sector, running up more than 400% at one point last year. The company's potentially transformative SMR technology could eventually help meet some of the world's booming power needs. However, reality has since set in that NuScale is a much longer-term story, causing the nuclear energy stock to crash by more than 80% from its peak. Despite its much lower current valuation, I still have no desire to chase NuScale, given all that Brookfield currently offers.
Image source: Getty Images.
My concerns with NuScale Let me start by saying that I think NuScale holds tremendous promise. The company's proprietary SMR technology has the potential to be a game changer. It could enable the world to deploy emissions-free nuclear energy more rapidly in the future. That's crucial, given the immense power needs of AI data centers. According to several estimates, U.S. power demand will grow at a 4% compound annual rate through 2030, a significant surge compared with the roughly flat demand growth over the last two decades.
However, my issue with NuScale is that it's a much longer-term story. It doesn't currently generate much revenue (only $75,000 in the second quarter, down from over $8 million in the prior-year period). It's still a long way from generating meaningful revenue since it has yet to successfully build a commercial SMR. It's currently working to sign a power purchase agreement (PPA) to support a large-scale 6-gigawatt (GW) SMR build-out, which would be the largest in U.S. history. That deal could enable NuScale to generate more than $1 billion in revenue from this project by 2030. While that's a lot of potential, there's significant risk, including the risk that it never signs the deal or doesn't deliver as anticipated.
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Real revenue and profits now, with nuclear-powered upside potential Whereas NuScale offers the promise of significant revenue potential in 2030, Brookfield Renewable is generating meaningful and rapidly growing profits now. The leading global renewable energy and sustainable solutions platform generated $1.7 billion of revenue in the second quarter alone, along with over $400 million in funds from operations (FFO). Its FFO per share grew by 11%. That's real value growth accruing to shareholders right now, not the potential for meaningful sales several years out. It firmly supports the company's ability to pay an attractive dividend now (4.7% current yield).
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Meanwhile, Brookfield Renewable has significant visibility into its growth for the next five years. It has a vast portfolio of renewable power assets (47 GW of current operating capacity) secured by long-term PPAs that link rates to inflation. Additionally, it has a massive development pipeline (over 200 GW) to support its growth, backing its target to ramp up its annual new power capacity delivery run rate to 10 GW starting next year. Brookfield also has a strong financial profile to support acquisitions (it recently bought Aypa, the largest stand-alone battery energy storage platform in North America, for $3 billion). Those growth catalysts support its expectation of delivering more than 10% annual FFO per share growth through 2031. That will enable it to grow its dividend within its 5%-9% annual target range. That's real value growth continuing to accrue for shareholders.
On top of that, Brookfield has underappreciated nuclear-driven upside from its investment in Westinghouse Electric (51% stake). The U.S. Department of Energy has committed to providing $17.5 billion to finance long-lead equipment for deploying up to 10 large-scale Westinghouse AP1000 reactors in the U.S. Its Westinghouse investment provides meaningful upside to the nuclear power trend. Brookfield and its partner are currently evaluating a potential IPO of Westinghouse, which could unlock its value.
Brookfield offers better risk-adjusted return potential An investment in NuScale is a more speculative long-term bet on an unproven company with tremendous long-term growth potential. Brookfield Renewable, on the other hand, is an established company generating meaningful, growing revenue and earnings to support a rising dividend. It's capitalizing on the same theme as NuScale (AI power demand), but with a much less risky profile.
That's why I don't plan to chase NuSale right now. While that might change in the future if NuScale signs a long-term PPA to support an SMR project, I'd prefer to invest in a company that is already capitalizing on the opportunity rather than speculate on one that might.
Britský regulátor schválil pilulku Eli Lilly s názvem orforglipron pro léčbu obezity a diabetu 2. typu. Jde o první schválení tohoto léku mimo Spojené státy a druhý perorální lék v Evropě po přípravku Novo Nordisk.
Americká farmaceutická společnost Eli Lilly dosáhla významného milníku v rozšiřování svého portfolia léků na obezitu. Britský regulátor schválil její přípravek Foundayo (orforglipron) ve formě pilulky pro léčbu obezity a diabetu 2. typu. Jde o první schválení tohoto léku mimo Spojené státy a zároveň o druhý perorální lék v Evropě – o dva měsíce napřed je dánský Novo Nordisk se svým konkurenčním lékem Wegovy.
Britská agentura pro regulaci léčiv a zdravotnických produktů v pondělí oznámila, že orforglipron, prodávaný pod názvem Foundayo, bude k dispozici pro řízení hmotnosti a léčbu diabetu 2. typu na předpis.
Schválení regulátorem však ještě automaticky neznamená širokou dostupnost v rámci britského veřejného zdravotnictví, upozorňuje server CNBC. Léky totiž nyní čeká na posouzení ze strany National Institute for Health and Care Excellence (NICE), který bude hodnotit jeho nákladovou efektivitu před případným zařazením do systému National Health Service (NHS).
Novo Nordisk mezitím využívá svého časového náskoku na trhu a prezentuje tabletovou verzi Wegovy jako nejúčinnější dostupnou perorální možnost pro redukci tělesné hmotnosti.
Eli Lilly naopak zdůrazňuje praktičnost svého přípravku. Foundayo je malomolekulární léčivo, které lze podle firmy užívat bez zvláštních omezení týkajících se jídla či nápojů. To je jeden z hlavních rozdílů oproti tabletové formě Wegovy. Tu musí pacienti užívat ráno nalačno, zapít malým množstvím vody a následně minimálně půl hodiny nejíst ani nepít.
NEPŘEHLÉDNĚTE: Eli Lilly vs. Novo Nordisk: Revoluce v léčbě obezity je podle Kunové teprve na začátku
Patria Podcasts · Eli Lilly vs. Novo Nordisk: Revoluce v léčbě obezity je podle Kunové teprve na začátku" target="_blank" style="color: #cccccc; text-decoration: none;">ROZHOVORY: Eli Lilly vs. Novo Nordisk: Revoluce v léčbě obezity je podle Kunové teprve na začátku
Přestože Foundayo vstoupilo na americký trh již v dubnu, jeho komerční rozjezd zatím zaostává za výsledky konkurenčního přípravku od Novo Nordisku. Generální ředitel Eli Lilly David Ricks v dubnu uvedl, že pomalejší adopce souvisí především s tím, že jde o zcela nový lék, který si teprve buduje pozici mezi lékaři a pacienty.
Výhodou Wegovy je naopak skutečnost, že využívá již známou účinnou látku semaglutid, kterou obsahují injekční verze léku na hubnutí. Díky tomu má perorální Wegovy podle analytiků i lékařské komunity určitou výhodu v povědomí trhu.
Foundayo vygenerovalo v USA ve druhém čtvrtletí tržby ve výši 98 milionů dolarů. Obě společnosti přitom tvrdí, že nástup tabletových forem nerozšiřuje pouze nabídku pro stávající uživatele injekčních léčiv, ale přináší na trh zcela nové skupiny pacientů, kteří by o injekční terapii jinak neměli zájem.
"Vidím budoucnost, kdy bude tento trh do značné míry trh s pilulkami," řekl nedávno pro CNBC generální ředitel Novo Mike Doustdar. Současně odmítl obavy, že zájem o tabletovou verzi Wegovy slábne poté, co její prodeje ve druhém čtvrtletí mírně zaostaly za některými analytickými odhady.
Podle jeho slov naznačují první týdny po uvedení na britský trh velmi silnou poptávku. Za první tři týdny dostupnosti ve Velké Británii mělo podle odhadů léčbu tabletovým Wegovy zahájit přibližně 300 tisíc pacientů.
eToro Group Ltd. ve 2. čtvrtletí vykázala upravený zisk na akcii 0,68 USD a tržby 229 milionů USD, obojí nad odhady. Zisk na akcii meziročně vzrostl z 0,56 USD.
eToro Group Ltd. (ETOR - Free Report) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +11.48%. A quarter ago, it was expected that this company would post earnings of $0.65 per share when it actually produced earnings of $0.91, delivering a surprise of +40%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
eToro Group Ltd., which belongs to the Zacks Insurance - Brokerage industry, posted revenues of $229 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.78%. This compares to year-ago revenues of $209.63 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.
eToro Group Ltd. shares have lost about 3.2% since the beginning of the year versus the S&P 500's gain of 13.3%.
What's Next for eToro Group Ltd.?While eToro Group Ltd. 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 eToro Group Ltd. 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 $0.58 on $232 million in revenues for the coming quarter and $2.81 on $990.5 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, Insurance - Brokerage is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Oxbridge Re Holdings Limited (OXBR - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 13.
This company is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of +116%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Oxbridge Re Holdings Limited's revenues are expected to be $1.1 million, up 66.7% from the year-ago quarter.
Ondas získala od izraelského ministerstva obrany vícemilionovou zakázku na vývoj a výrobu taktické útočné bezpilotní platformy Digital Bat. Program má dodat levné, škálovatelné bezpilotní schopnosti pro bojové jednotky.
The multi-million-dollar strategic program - "Digital Bat" is to provide a next-generation low-cost tactical attack drone platform powered by advanced software designed to address the Israeli Ministry of Defense evolving operational requirements.
The program reflects similar operational priorities driving the U.S. Drone Dominance Program (DDP), including rapidly fielding scalable and cost-effective unmanned attack capabilities.
WEST PALM BEACH, FL / ACCESS Newswire / August 11, 2026 / Ondas Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of autonomous systems and next-generation defense and security technologies, announced today that it has been awarded a multi-million-dollar strategic tender by the Israeli Ministry of Defense ("IMOD") to develop and produce the next-generation tactical attack drone capabilities. The program represents a broader effort to advance the IMOD's tactical drone capabilities. Under the program, Ondas will lead the development of a new generation of low-cost tactical attack drones designed to meet evolving operational requirements and enable scalable deployment across frontline combat units.
"This strategic award represents an important validation of the defense technology platform we are building at Ondas and our growing ability to serve as a prime contractor for complex, next-generation defense programs," said Eric Brock, Chairman and CEO of Ondas. "The Israeli Ministry of Defense operates at the forefront of modern defense technology and has some of the world's most demanding operational requirements. Their selection of Ondas reflects confidence in our internal engineering capabilities, operational experience, and ability to rapidly translate changing battlefield requirements into scalable, mission-ready systems.
"We are seeing a fundamental shift in defense priorities toward affordable autonomous systems that can be produced and deployed at a significant scale," Brock continued. "The U.S. Drone Dominance Program, a $1.1 billion initiative focused on rapidly fielding low-cost unmanned systems, including one-way attack drones, is a clear example of this broader trend. This program reflects similar operational priorities: providing frontline forces with cost-effective, scalable and rapidly deployable tactical attack capabilities. We believe Ondas is well positioned to address this growing requirement across Israel, the United States and other allied defense markets."
The program is intended to provide IMOD combat units with advanced tactical aerial capabilities that can be deployed rapidly and adapted to complex and changing operational environments. Tactical attack drones are becoming an increasingly important component of modern military operations, providing forces with responsive, precise and flexible aerial capabilities at the unit level. The next-generation capability will be developed to support the IMOD's evolving operational doctrine and its expanding use of unmanned and autonomous systems across tactical missions. The development effort is expected to address the complete operational capability, including the aerial platform, autonomous functionality, mission integration, system engineering, production readiness and compatibility with wider command-and-control environments.
The award expands Ondas' position in tactical aerial attack and precision-strike systems, one of the Company's core defense technology segments. Ondas is building an integrated autonomous defense platform across four principal mission areas: Air Defense and Counter-UAS, Aerial Intelligence, Aerial Attack and Unmanned Ground Systems. AI-powered command, mission-management and decision-support software serves as the connecting orchestration layer across these technology segments, enabling sensors, aerial platforms, robotic systems, operational units and command environments to function as part of a coordinated autonomous system-of-systems.
"This award represents an important opportunity to apply Ondas' autonomous systems capabilities to one of the most important emerging requirements on the modern battlefield," said Oshri Lugassy, Co-CEO of Ondas Autonomous Systems. "Tactical forces increasingly require aerial systems that can be deployed rapidly, integrated directly into operational workflows and adapted as missions and threats evolve. Our approach is to develop the complete operational capability-not simply an individual drone," Lugassy continued. "This includes the platform, autonomy, mission software, system integration, production infrastructure and operational support required to move from development into meaningful field deployment."
Within this architecture, tactical attack drones are intended to provide frontline forces with rapidly available aerial capabilities that can shorten operational response times, improve precision and extend the reach of tactical units. The systems can also complement longer-range one-way attack and precision-strike platforms by providing commanders with a broader range of tools suited to different mission requirements, operational distances and target environments.
The tender award builds on Ondas' continued expansion as a global defense and security technology company. Ondas' strategic growth plan is focused on combining specialized technologies like those under the Digital Bat program with shared engineering resources, manufacturing capacity, supply-chain capabilities, customer access, program management and field-support infrastructure. The Company believes this integrated operating model enables its individual technology groups to pursue larger programs, accelerate product development and provide customers with a broader range of coordinated capabilities.
About Ondas Inc.
Ondas Inc. (NASDAQ:ONDS) is a leading provider of autonomous systems, robotics, and mission-critical technologies for defense, homeland security, public safety, critical infrastructure, and industrial markets. The Company develops and deploys integrated unmanned and autonomous platforms across air, ground, and stratospheric environments, including autonomous drone systems, counter-UAS technologies, robotic ground systems, advanced unmanned aircraft and propulsion solutions, demining and engineering systems, and integrated sensing and communications technologies designed to support intelligence, surveillance, reconnaissance, security, and operational missions in complex environments. Ondas' solutions are deployed globally by government, defense, and commercial customers to protect infrastructure, borders, transportation networks, personnel, and strategic assets.
For additional information on Ondas Inc., visit www.ondas.com.
Forward-Looking Statements
Statements made in this release that are not statements of historical or current facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as required by law.
Contacts
IR Contact for Ondas Inc.
888-657-2377
[email protected]
Media Contact for Ondas Inc.
Escalate PR
[email protected]
Preston Grimes
Marketing Manager, Ondas Inc.
[email protected]
Apple (NASDAQ:AAPL | AAPL Price Prediction) at $308.26 trades at a level some long-term holders view as attractive after the slide below $310. The stock has given back 7.47% since Q3 earnings at $333, while the S&P 500 moved higher, creating one of the widest recent dislocations between Apple and the broader market this year.
Apple’s installed base exceeds 2.5 billion active devices, turning each product cycle into a compounding annuity. Services now clears roughly $30 billion a quarter at a 76.7% gross margin. The recent pullback reflects a mix of concerns: a one-time tariff refund tailwind in the June quarter, memory cost pressure heading into fall, and the CXMT supply chain story that dominated Reddit last week.
Why the iPhone 17 Cycle and Services Flywheel Anchor the Bull Case The bull case starts with the iPhone 17 lineup, which drove Q3 iPhone revenue to $54.25 billion, up from $44.58 billion a year earlier. Tim Cook described it as the “strongest June quarter ever, with double-digit revenue growth across iPhone, Mac and Services, and in every geographic segment.” Services expansion, the all-new Siri unveiled at WWDC26, and a fresh $100 billion buyback authorization form a rare combination of growth and capital return.
Apple posted a 171.42% return on equity, a 53.35% return on invested capital, and a 31.97% operating margin. Nine consecutive quarterly EPS beats, most recently $2.02 vs. $1.89, show consistent execution through supply constraints.
Why 36x Earnings and Tariff Optics Give the Bears Real Ammunition The bear view is straightforward: at a trailing P/E of 36 for mid-teens revenue growth, and any wobble compresses the multiple fast. The Q3 gross margin got a roughly 2 percentage-point boost from tariff refunds and about $0.11 of EPS that will not repeat. Management flagged “significantly higher memory costs” ahead, and the CXMT price-cut standoff hints at eroding supplier leverage.
Greater China remains the swing factor. Revenue there bounced to $25.53 billion in Q1 FY26 before settling at $18.82 billion in Q3. Polymarket traders assign only a 43.5% probability to AAPL closing August above $310.
Why the Setup Still Argues Against Sitting Out Apple sits 6% below its 52-week high of $344.27, near the 50-day moving average of $309.79, and well above the 200-day at $279.41. That marks a modest pullback rather than capitulation. Apple has repurchased $62.09 billion of stock in nine months, shrinking the float while patient investors deliberate.
What the Targets Are Saying Apple currently trades at $308.26 against a consensus analyst target of $322.82, implying modest upside. The Wall Street breakdown skews bullish: 6 Strong Buy, 22 Buy, 14 Hold, 2 Sell, and 2 Strong Sell. Over the past year, AAPL has returned 35.06% versus 21.32% for the S&P 500, and year-to-date it is up 13.7% against 13.36% for the index. The forward P/E of 33 is elevated but reasonable against 28.7% quarterly earnings growth.
At $308, the Setup for Apple The path to price appreciation runs through three overlapping catalysts over the next 12 months: an iPhone 18 launch that Polymarket puts at a 97.6% probability, easing supply constraints on Mac mini, Mac Studio, and MacBook Neo, and the personalized Siri rollout that positions Apple’s hardware-software ecosystem as the primary monetization gatekeeper for consumer AI.
Risk/reward at this entry skews positive on the numbers. The bear scenario models a one-year price of $314.45, essentially flat, while the base case reaches $363.21 and the bull case $378.62. Downside is capped by a 53.35% ROIC business returning cash at scale. Upside compounds if Services keeps posting 16% growth.
The thesis breaks if China revenue rolls over again, if memory costs pressure gross margin below the guided 47.5% to 48.5% range for multiple quarters, or if iPhone 18 demand disappoints. Watch the December quarter for holiday sell-through and the March quarter for margin normalization after tariff refunds fade.
A $4.5 trillion compounder that just posted its strongest June quarter ever, trading at a 7% discount to a filing-week high with $100 billion of buybacks in flight, frames the current setup for long-term investors.
Contact [email protected] for any questions or corrections.
Apple, Coca-Cola a Microsoft dál těží ze silných konkurenčních výhod a za poslední dekádu výrazně zbohatily dlouhodobé investory. Apple za posledních 10 let přidal 1 021 %, Coca-Cola více než 97 % a Microsoft více než 782 %. V článku jsou stále považovány za dobře postavené i do dalších let.
August is a natural moment for investors to reflect on the remainder of the year. Summer is ending, and Wall Street is about to deploy sidelined funds for an end-of-year push. For long-term investors, stepping back to ask which businesses have already produced multi-decade compounding — and whether the moats that drove those returns are still intact today — is useful.
Past performance does not guarantee future returns. Durable competitive advantages, however, tend to persist, and the three names below have spent decades widening theirs. Here are three generational compounders that have made patient shareholders rich and that still look positioned to do it again.
Apple (NASDAQ: AAPL) Apple (NASDAQ:AAPL | AAPL Price Prediction) is the textbook example of a moat that keeps widening. The stock trades around $306.58 as of Aug. 10, with a market cap of roughly $4.47 trillion. Over the trailing 10 years, shares have gained 1,021% on an adjusted basis, and the stock is up 35% over the past year. Apple is also Warren Buffett’s largest equity position, sitting at about 22% of the Berkshire Hathaway portfolio per the Q2 2026 13F.
The bull case is the installed base and the recurring revenue that sits on top of it. In Q2 FY26, Apple reported EPS of $2.01 against a $1.94 estimate, on revenue of $111.18 billion, up 17% year over year. iPhone revenue jumped to $56.99 billion, Services hit $30.98 billion and the active device base now exceeds 2.5 billion. Management lifted the dividend 4% to 27 cents quarterly and authorized a fresh $100 billion buyback. Analyst consensus is 63% bullish, with an average target of $312.72.
The risk: valuation is full at 35x trailing earnings, and Apple remains exposed to global trade frictions and supply-chain concentration. A long-term holder is paying a premium for durability, and that premium is real.
Coca-Cola (NYSE: KO) Coca-Cola (NYSE:KO) is the dividend-compounder benchmark. The shares trade around $86.60, up more than 25% year to date and over 97% over the past decade on an adjusted basis. Coca-Cola has been a core Berkshire holding since the late 1980s, and the company just extended its dividend streak to 63-plus consecutive years of annual increases, putting it firmly in Dividend King territory.
The recent fundamentals back up the moat story. In Q1 2026, Coca-Cola posted EPS of 86 cents against an 81-cent estimate on revenue of $12.47 billion, up 12% year over year. Organic revenue grew 10%, unit case volume rose 3% and Coca-Cola Zero Sugar volume climbed 13% across every geography. Operating margin expanded to 35% from 33%, and free cash flow surged to $1.76 billion. Management raised 2026 guidance to comparable EPS growth of 8% to 9% and free cash flow near $12.2 billion. The current quarterly dividend sits at $0.53, up from $0.51 in 2025.
The risk: a $960 million BODYARMOR trademark impairment last quarter, ongoing IRS tax litigation, and a roughly 4% revenue headwind from divestitures including the pending Coca-Cola Beverages Africa sale. None of those threaten the franchise; they do compress near-term reported growth.
Microsoft (NASDAQ: MSFT) Microsoft (NASDAQ:MSFT) is the third leg of this stool, and arguably the most interesting today because it has bounced back nicely. Shares trade around $508.28, up 7.47% year to date after a challenging first half. The 10-year adjusted return is more than 782%. Microsoft has compounded enormously since the early 1990s on a split-adjusted basis, and the AI/cloud cycle reads like the next chapter rather than the end of one.
The numbers are doing the talking. In Q3 FY26, Microsoft reported EPS of $4.27 against a $4.07 estimate on revenue of $82.89 billion, up 18% year over year. Intelligent Cloud revenue grew 30% to $34.68 billion, Azure expanded 40%, and the AI business crossed a $37 billion annualized run rate, up 123% year over year. Commercial remaining performance obligations, essentially contracted backlog, hit $627 billion. CEO Satya Nadella framed it bluntly: “Our AI business surpassed an annual revenue run rate of $37 billion, up 123% year-over-year.” Analyst consensus is 95% bullish with a target of $561.39.
The risk: capital intensity. CapEx ran $30.88 billion in the quarter, up 84% year over year, and the market is openly debating whether AI infrastructure spending will earn an adequate return. That debate is the entire reason the stock is on sale.
What to watch from here The thread connecting Apple, Coca-Cola and Microsoft is a competitive position that survives recessions, technology shifts and management changes. The next decade will test each moat in different ways: Apple against trade and regulatory pressure, Coca-Cola against shifting consumer preferences, Microsoft against the return-on-AI-investment question. For long-term investors thinking past August, those are the right questions to be asking.
Contact [email protected] for any questions or corrections.
Microsoft ve fiskálním Q4 zvýšil tržby o 17,75 % na 90,007 miliardy USD a EPS překonal odhady o 11,81 %. Azure poprvé přesáhl 100 miliard USD ročních tržeb.
At $506.06, Microsoft (NASDAQ:MSFT | MSFT Price Prediction) is a Hold. Chasing the stock after a 31.41% one-month rip means paying up at the top of a short-term sentiment curve when a disciplined entry point is likely still ahead.
Microsoft is the world’s second-largest company by market value at roughly $3.71 trillion, anchored by Azure, Microsoft 365, and a widening AI stack that now includes its own MAI models. The most recent quarter was a blowout on almost every line that matters.
Fiscal Q4 revenue hit $90.007 billion, up 17.75%, with non-GAAP EPS of $4.74 beating consensus by 11.81%. The stock moved from $395.496 at filing to $506.06 in about two weeks.
The Bull Case: A Contracted Backlog That Keeps Compounding Commercial remaining performance obligations reached $678 billion, up 84% year over year, giving Microsoft years of contracted revenue visibility that few peers can match.
Azure grew 43% and crossed $100 billion in annual revenue for the first time. CFO Amy Hood guided Q1 FY2027 Azure growth to “approximately 45% in constant currency.” Microsoft 365 Copilot reached over 30 million paid seats, with net adds more than doubling quarter over quarter.
Wall Street reflects that momentum. Analysts carry a target of $563.35 with 14 Strong Buy and 40 Buy ratings against 3 Holds and zero Sells.
The Bear Case: Capex Is Eating the Cash Flow Q4 free cash flow fell 23.19% to $19.639 billion as capex jumped 109.63% to $35.802 billion. Hood signaled Q1 spending will be “over $50 billion.”
Valuation looks stretched. Shares trade at a P/E of 28 and a P/FCF of 56, and sit 2% below the 52-week high of $550.24. Insiders are net sellers across 35 recent transactions.
Reddit sentiment swung from bearish readings around AI “revenue circularity” concerns to 85 within days, a classic sentiment-extreme pattern.
The Hold Case: Great Business, Wrong Entry Point The business itself remains a strong long-term hold. Net income rose 31.33%, operating margin sits near 46.78%, and ROIC is 22.01%. This is a durable compounder.
The problem is timing. Polymarket assigns only a 31% probability that MSFT closes above $525 by end of August, with crowd expectations clustered in the $480–$510 range. Historical earnings data shows the average one-week reaction across six straight beats is 0%, meaning post-earnings consolidation is the norm.
Waiting for a pullback toward the recent base near $385, or for the next earnings-day dip, offers a cleaner risk profile than chasing a stock that has already run 22.9% in three months.
What the Numbers Say About the Setup Microsoft trades at $506.06 against a consensus target of $563.35, implying roughly 11% upside if that target is met. Coverage is deep at 57 analysts, and sentiment skews 95% bullish.
Shares are up 31.41% over the past month while the S&P 500 tracker rose 4.23% over roughly the same window. Year to date, MSFT is up 5.11%, and it is still down 2.28% over one year.
The Verdict: Own the Business, Time the Entry At $506.06, Microsoft is a Hold.
The fundamentals justify owning Microsoft. Azure just cleared $100 billion, RPO is up 84%, and Copilot has crossed 30 million paid seats. That is a Buy-worthy business.
The entry point is the problem. Buying after a 31.41% one-month move puts new capital in at the top of a sentiment spike, right as capex ramps toward “over $50 billion” next quarter and FCF is already down 23.19%. Prediction markets price only 31% odds of a close above $525 this month.
The trigger to upgrade is a pullback toward the mid-$400s, or a quarter where Azure growth accelerates while capex growth decelerates. The trigger to downgrade is any RPO or Azure deceleration paired with rising capex intensity. Until one of those prints, patience costs little and pays optionality.
Great company, wrong price, right time to wait.
Contact [email protected] for any questions or corrections.
AMD zakončila 2. čtvrtletí 2026 tržbami 11,5 miliardy USD, což je meziročně 1,5násobný nárůst. Tržby datového centra se zdvojnásobily na 6,7 miliardy USD.
SummaryAdvanced Micro Devices, Inc. delivered strong Q2 2026 results, with revenue up 1.5x YoY and data center sales doubling to $6.7B.Despite rapid growth, AMD’s $789B valuation already prices in a 20% AI data center market share, leaving little margin of safety.AMD faces structural margin constraints versus Nvidia, as lower gross/net margins force price competition and limit profit conversion.The Hold rating for AMD reflects priced-in success, execution risk, and looming CapEx and AI paradigm shifts that could cap future upside. Getty Images
Advanced Micro Devices, Inc. (AMD) closed the second quarter of 2026 with highly confident indicators. Aggregate revenue constituted $11.5 billion, having shown a 1.5x increment year-to-year. And the data center segment grew twofold, having reached the $6.7 billion mark. The success
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Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Nvidia uvedla Nemotron 3.5 Lightning, svůj první open-source AI model od doby, kdy se Jensen Huang připojil k většině svých technologických kolegů a vyzval vládu USA k podpoře otevřených modelů. Firma říká, že je „lightweight“, zdarma ke stažení, úpravám i použití a běží na jediném GPU v PC.
In late July, Nvidia CEO Jensen Huang posted on X for the first time to defend open-source models in artificial intelligence, inserting himself into a debate that was raging across the industry.
Less than three weeks later, Nvidia is releasing Nemotron 3.5 Lightning, which the company says is "lightweight" and can run on a single graphics processing unit on a PC. It's Nvidia's first open-source model since Huang joined most of his tech peers in urging the U.S. government to support open models while "avoiding premature restrictions" that could push innovation overseas.
The new Nemotron offering is free for companies to download, use and modify without getting permission or paying Nvidia.
For Nvidia, open-source AI is a boon for chip sales, because the models still need to run on GPUs, and the lower prices can serve to boost usage over proprietary models from the likes of OpenAI and Anthropic.
"Free AI should be great for hardware," Huang told Axios in an interview last month. "Free AI should be great for chips."
Huang jumped headfirst into a debate that had sprung up in Washington following the announcement of Kimi K3, a model developed by China's Moonshot AI that narrowed the gap with the most powerful American models. Politicians worried that Kimi K3 was potentially troublesome for national security, and that it represented intellectual property theft via a technique called distillation, which involves the use of answers from an advanced AI model's service to train a lighter model.
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Policymakers questioned whether Chinese model developers could be subject to sanctions or other restrictions, similar to the rules placed on chip sales.
Huang posted an open letter, which argued that open-weight models allow companies greater control over their future, spur competition and bring down pricing.
"Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty," Huang wrote in his debut X post.
Days later, Nvidia launched an AI safety consortium with companies including Microsoft that would focus on using open models and open-source software for cybersecurity.
Open-source AI is one of the hottest topics in Silicon Valley. On Monday, Meta CEO Mark Zuckerberg published a lengthy manifesto arguing for open-source AI, as his company released a coding model called Muse Spark.
"Our goal should be for American open source models to be the best globally," Zuckerberg wrote.
Nvidia said companies including CrowdStrike, CodeRabbit and Harvey have tested and customized its latest model. The chipmaker said it was developed particularly for agents, or AI programs that can run autonomously in the background.
Nemotron 3.5 Lightning will also be available on HuggingFace and Nvidia's website. Additionally, Nvidia released software called NeMo Switchyard that can determine the cheapest and most appropriate AI model for any given task.
Nvidia representatives said Monday that the company had used distillation to give Nemotron 3.5 Lightning similar capabilities to its larger Nemotron models.
Wall Street je na Bank of America výrazně býčí: 24 analytiků má 5 doporučení Strong Buy a 15 Buy, zatímco 4 mají Hold a žádné Sell nebo Strong Sell; cílová cena je 68,77 USD. Akcie jsou na rekordních úrovních po růstu o 16,1 % od začátku roku.
The smart money is decisively bullish on Bank of America (NYSE:BAC | BAC Price Prediction), even as the stock trades at or near record highs. Of 24 analysts covering the shares, five rate it Strong Buy, 15 rate it Buy, four rate it Hold, and zero rate it Sell or Strong Sell, a lopsided consensus that stands in sharp contrast to a muted, skeptical retail crowd.
Shares closed at $63.86 on August 10, 2026, riding a 16.1% year-to-date advance and a 38.8% one-year gain. The stock hit a $64.00 52-week high on Monday, and the 10-year return runs to 328.3%. In plain terms, shares are pressing the top of their long-term range even as institutional coverage points higher.
What Wall Street Thinks The sell-side consensus price target is $68.77, implying additional upside from the current quote. The 24/7 Wall St. quantitative model goes further: a predicted price of $72.19 with a 0.9 confidence reading, translating to a Buy signal and 13.04% projected upside. The model’s bull case reaches $83.90 by August 2027; the bear case is $62.78.
Q2 2026 EPS of $1.21 beat the $1.12 consensus by 8.0%, extending a long streak of quarterly earnings beats. Quarterly earnings growth ran 34.1% year-over-year, and CEO Brian Moynihan told investors, “pipelines remain strong, and commercial borrowing has picked up.” Global Markets revenue jumped 34% to $8.02 billion, investment banking fees rose 50%, and the company returned $8.0 billion to shareholders in Q2 alone. Valuation remains undemanding at a trailing P/E of 15 and forward P/E of 14.
What Retail Thinks Retail has largely stayed on the sidelines. Reddit activity around Bank of America has been thin and speculative, concentrated in r/wallstreetbets during a late-July engagement spike, with peak activity scores in the 20 to 32 range and single-mention samples. The 24/7 model’s own sentiment component flagged bearish social sentiment as a −0.036 drag on the composite factor. Options positioning is mixed: the full-chain put/call ratio is 0.80, with front-week August 14 expiry running 1.04. That combination, quiet forums plus balanced options flow, describes a retail base that has largely missed or dismissed the run.
Insider Activity: Routine Compensation Mechanics CEO Brian Moynihan’s recent transactions are monthly RSU vesting events on the 15th of each month with consistent 18,083-share counts. These are automatic compensation-plan settlements executed on a preset schedule. The 10% owner activity attributed to Bank of America itself shows balanced buy/sell patterns consistent with 10b5-1 plan execution and portfolio rebalancing. Named-executive activity remains balanced and routine at these prices.
The Verdict The gap here favors the analysts. Both Wall Street’s target and the model’s sit above spot, backed by 83% bullish analyst sentiment, many straight earnings beats, and 34% earnings growth. Retail skepticism at record highs is common; it is rarely a reliable contrary signal in a large-cap money-center bank compounding at this rate. The key risk that retirement-oriented holders should weigh is rate sensitivity: management disclosed that a −100 bps parallel shift would reduce NII by roughly $2.2 billion over the next 12 months, while a +100 bps move adds about $1.0 billion. On the current data, the smart money read remains the more defensible one; retail hesitation is a check on position sizing, not a reason to fade the underlying trend.
Contact [email protected] for any questions or corrections.
Spoluzakladatel OpenGradient Matthew Wang obvinil BitMart z platební neschopnosti, protože jeho prostředky zůstaly na burze zmrazené. On-chain data zároveň ukazují, že výběry nad $25,000 se téměř zastavily.
OpenGradient co-founder Matthew Wang publicly accused BitMart of insolvency after his market-making funds became inaccessible on the exchange. Wang alleges BitMart pushed high-yield staking products a week before announcing its shutdown to lock in user liquidity. On-chain data shows withdrawals above $25,000 have largely stalled, and BitMart has not published a proof-of-reserves report. Founder Sheldon Xia denies any misappropriation, blaming delays on internal asset consolidation and manual reserve checks. Matthew Wang, co-founder and CEO of decentralized AI network OpenGradient, has accused BitMart of insolvency after his firm’s market-making capital remained frozen on the exchange in the middle of its ongoing wind-down.
Wang, whose company raised $8.5 million from investors including a16z crypto, Coinbase Ventures and SV Angel, posted on X that his team could not get execution requests processed on BitMart, describing the platform as functionally insolvent rather than simply delayed. Before starting OpenGradient, Wang worked in quantitative equity options market-making at Two Sigma, a background he pointed to as the basis for his read on BitMart’s liquidity position. BitMart is the third mid-sized centralized exchange to announce a shutdown within weeks, following AscendEX and BitMEX.
Wang says BitMart marketed high-yield lockups days before closing Wang’s more pointed claim concerns timing rather than delay. He noted that roughly a week before BitMart announced its shutdown, the exchange ran an aggressive campaign promoting high-APY staking and locked savings products to both token projects and retail users. He called this a deliberate liquidity play, arguing BitMart used the promise of high yields to pull fresh capital in right before cutting off access to it entirely.
If that sequence holds up, users who moved funds into locked products in late July now cannot retrieve them at all, which would put them in a worse position than users facing standard withdrawal delays elsewhere on the platform.
Five months from first notice to full shutdown JULY 26, 2026
BitMart announces “orderly cessation” of trading. New registrations, deposits and spot orders halt immediately; futures switch to reduce-only mode.
JULY 27, 2026
Lookonchain reports only 58 wallets withdrew a combined $805,000 in over 24 hours, including an eight-hour stretch with zero processed withdrawals.
AUGUST 26, 2026
Global trading operations are scheduled to stop completely.
JANUARY 31, 2027
Final date by which all BitMart trading platform operations officially terminate.
Lookonchain data undercuts BitMart’s “orderly” framing BitMart maintains that withdrawal channels remain open, but on-chain tracking paints a different picture. Analytics group Lookonchain found that withdrawals above $25,000 have effectively stopped moving, with several projects and high-net-worth accounts reporting pending requests ranging from the millions into the tens of millions of dollars. Only 58 wallets withdrew funds in the 24 hours after BitMart’s shutdown announcement, totaling roughly $805,000. For an exchange of BitMart’s size, that is a trickle. One eight-hour window in that period saw zero withdrawals processed at all. Smaller retail withdrawals may still clear. Larger institutional and market-maker balances, including Wang’s, stay stuck.
BitMart has also not published a proof-of-reserves report during the wind-down. For an exchange facing public insolvency allegations, that absence removes the one document that could mathematically confirm client assets remain backed one-to-one, leaving the dispute to play out through screenshots, on-chain trackers and dueling public statements instead. The market has already priced in the uncertainty. BMX, BitMart’s native token, fell more than 80% over the following week, trading near $0.057 after sitting above $0.30 just days earlier.
Xia denies fleeing, points to internal reserve audit BitMart founder Sheldon Xia addressed the allegations on August 8. He stated the company has not fled and does not intend to, and asked users to disregard screenshots and leaks circulating from current or former employees, framing them as unreliable.
Xia attributed the delays to systemic maintenance and an internal asset consolidation process, describing a core team working through manual reserve inventory checks rather than any deliberate withholding of funds. He denied that customer assets had been misused or withdrawn early, and said management plans to bring in third-party auditors and, if necessary, courts to produce a transparent accounting of the exchange’s financial position.
Two accounts that cannot both be right BitMart frames the slowdown as an operational bottleneck. The company insists the shutdown remains solvent and orderly. Whether BitMart can process the backlog before its August 26 trading halt will be the clearer test. A published proof-of-reserves report, something the exchange has so far declined to produce, remains the single document that could settle the dispute without relying on competing public statements.
IBM uzavřel s Together AI víceletou smlouvu v hodnotě 240 mil. USD o nasazení velkého clusteru NVIDIA HGX B300 na IBM Cloud. Má sloužit pro inference otevřených AI modelů a být dostupný v 1. čtvrtletí 2027.
First large-scale inference cluster with Together AI on IBM Cloud using NVIDIA HGX B300 systems to help enterprises run AI workloads, designed for fast and efficient production
, /PRNewswire/ -- IBM (NYSE: IBM) announced a collaboration with Together AI to deliver IBM and NVIDIA AI infrastructure. Under a multi-year $240M agreement between IBM and Together AI, IBM is positioned to deploy a large cluster of NVIDIA HGX B300 systems on IBM Cloud with expected availability in Q1 2027. Together AI will use this cluster to provide open-source model inference. This deployment is the first dedicated, large-scale cluster built for inference on IBM Cloud using HGX B300 systems and NVIDIA Spectrum-XTM Ethernet networking. According to NVIDIA, it is built to deliver 30x more AI factory output compared to prior generations.
This collaboration aims to enable Together AI to deliver better performance and token economics to enterprises as they look to efficiently scale their AI deployments. Together AI is built on the principle that open-source models are essential for the future of AI and developers should be able to build using open, modular stacks. The company recently raised an $800M Series C financing round at an $8.3B valuation to expand its AI Native Cloud and its platform spans capabilities across inference, training, fine tuning, and agentic workflows. The company reports that it has seen significant momentum for its inference product, now serving 400 trillion tokens monthly.
Together AI selected IBM with NVIDIA because of their innovative product roadmaps and their ability to deliver GPU capacity at the pace required for rapid AI scaling and lowest token cost. Building on IBM's expertise in delivering enterprise-grade cloud capabilities, this collaboration aims to help Together AI to continue its expansion into the enterprise space while making open-source AI more accessible to developers and enterprises around the world.
"Enterprises want the performance of the best frontier models without the closed-model price tag, and that only works if the infrastructure underneath is fast and reliable at scale," said Vipul Ved Prakash, CEO at Together AI. "Working alongside IBM with NVIDIA gives us that foundation. This cluster lets us bring production-grade inference to more companies, faster, and it's a big step in our push to make open-source AI the obvious choice for enterprises."
IBM and NVIDIA Expand Collaboration to Power the Next Wave of AI Innovation
"Enterprises are in a race to adopt agentic AI at scale to drive real business outcomes," said Alan Peacock, General Manager of IBM Cloud. "IBM and NVIDIA are delivering scalable, economical, enterprise-grade AI infrastructure that can help Together AI accelerate innovation for the next generation of AI infrastructure."
"AI factories are becoming essential enterprise infrastructure—like electricity and telecommunications—turning compute and data into intelligence," said Dion Harris, Senior Director, HPC and AI Infrastructure Solutions, NVIDIA. "With NVIDIA HGX B300 systems and NVIDIA Spectrum-X Ethernet networking on IBM Cloud, IBM and Together AI will deliver an accelerated computing platform to help enterprises deploy open-source AI with the performance, efficiency and scale required for real-time AI services."
This work is the latest example of a larger collaboration between IBM and NVIDIA, who continue to work together to advance AI across infrastructure and software, to deliver performance and efficiency for enterprise and startup clients. A hybrid environment on IBM Cloud powered by NVIDIA GPUs connected with NVIDIA Spectrum-X Ethernet networking and Together AI's inference platform gives organizations a reliable foundation to build, deploy and scale AI systems. Additionally, IBM and NVIDIA recently announced progress across GPU-native data analytics, unstructured data extraction, on-premises and cloud infrastructure, and consulting services. These advancements are designed to help organizations operationalize AI at scale. For more information about the IBM and NVIDIA collaboration, visit www.ibm.com/products/gpu-ai-accelerator/nvidia.
Statements regarding IBM's future direction and intent are subject to change or withdrawal without notice, and represent goals and objectives only.
About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain a competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.
About Together AI
Together AI is the AI Native Cloud, combining state-of-the-art open-source models, high-performance infrastructure, and frontier research in AI efficiency and scalability. Founded in 2022, Together AI powers over a million of developers and some of the world's most demanding AI workloads, delivering production-scale inference, training, and reinforcement learning for the next generation of AI-native companies.
Enbridge oznámila EPS ve výši CA$0,64, meziročně o 36 % níže, protože vyšší zadlužení tlačí na čistý zisk. Společnost ale dál zvyšuje DCF, který ve 2. čtvrtletí dosáhl CA$2,9 miliardy a meziročně vzrostl o 35,2 %, a tvrdí, že dividenda zůstává bezpečná.
Midstream operator Enbridge (ENB +0.21%) reported earnings on July 31, and its stock has tumbled more than 7% since. The reason was obvious. The company's profit margin narrowed because its heavy debt load is weighing on net earnings.
Enbridge reported earnings per share (EPS) of CA$0.64, down 36% year over year, and the company's total leverage is around 5.1x debt to earnings before interest, taxes, depreciation, and amortization (EBITDA). That's a legitimate concern, even for a company with steady cash flows such as Enbridge. It's important to realize, though, that much of that is from the costs of new energy infrastructure projects that will lead to long-term revenue growth.
Here are three reasons why Enbridge remains a buy.
Image source: Getty Images.
Its above-average dividend appears safe The energy and utility infrastructure company, based in Canada, operates the largest natural gas utility by volume in North America and has more than 18,000 miles of active crude pipeline. Its natural gas transmission and midstream network stretches for about 19,373 miles. It moves about 30% of the crude oil produced in North America and transports nearly 20% of the natural gas consumed in the U.S. It is also a growing player in renewable energy, with solar and wind power operations.
Enbridge continues to grow distributable cash flow (DCF), which powers its above-average dividend, yielding 5.41% at its current share price. In the second quarter, DCF was CA$2.9 billion, up 35.2% year over year.
The company has increased its quarterly dividend for 31 consecutive years, including a 3% increase in December. Enbridge has a low-risk, utility-like business model in which 98% of its cash flow is generated by long-term, inflation-protected, rate-regulated contracts, making it a strong choice for income-oriented investors. The company has said it intends to maintain a DCF payout range of 60% to 70% to keep the dividend safe.
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Enbridge is spending now to cash in later Enbridge has sanctioned up to CA$20 billion in projects to drive revenue and earnings growth through the end of the decade, including projects made to order for hyperscalers, data centers, and other pipeline expansions. The company has a growing relationship with Meta (META +0.48%), with four projects involving solar, wind, and battery-storage development.
Enbridge has a secured capital backlog of CA$41 billion and has approved approximately CA$9 billion of projects this year. It has diversified its planned projects across liquid pipelines, gas transmission lines, gas distribution and storage facilities, and renewable projects, including solar energy. That gives it a balance that allows it to prosper, regardless of which way energy spending grows.
The company has shown the ability to adapt Once primarily a crude oil pipeline operator, the company has adopted a more balanced approach, allowing it to succeed in all market cycles. It now has a portfolio of oil, natural gas, and renewable power assets, enabling it to transition from higher-emission energy sources to natural gas, renewable energy, and lower-carbon solutions.
By acquiring Dominion Energy's gas utilities (East Ohio Gas, Questar Gas, PSNC) in 2023, Enbridge established North America's largest natural gas utility platform by volume, serving more than 7 million customers. Its gas utilities and gas transmission assets generate steady, rate-regulated returns that insulate Enbridge from commodity price swings and offset volume risks in oil transportation.
That's why it can safely stay with its yearly guidance, even in the midst of major projects. Enbridge says it plans to have a yearly DCF between $20.2 billion and $20.8 billion and an annual DCF per share between $5.70 and $6.10.
Taking on debt can be scary, but Enbridge has customers lined up for these projects, and the extra spending will enable it to grow EBITDA and DCF, while maintaining its attractive dividend.
