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Jersey Mike's Serves Fresh Gains After IPO StumbleJacobs Solutions NYSE: J reported fiscal third-quarter 2026 results marked by organic revenue growth, margin expansion and a record backlog, prompting the company to raise its full-year outlook for the third consecutive quarter.

Chair and CEO Bob Pragada said adjusted earnings per share increased approximately 14% year over year to $1.84, supported by more than 8% adjusted net revenue growth and more than 100 basis points of margin expansion. The company recorded its sixth consecutive quarter of double-digit adjusted EPS growth, he said.

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The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad ExposureAdjusted EBITDA rose 17% to $367 million, while adjusted EBITDA margin reached 15.2%, up 109 basis points from a year earlier, according to CFO Venk Nathamuni. Gross revenue increased more than 34%, while adjusted net revenue, excluding pass-through revenue, grew more than 8%.

Record Backlog and Higher Full-Year Outlook Consolidated backlog rose more than 27% year over year to a record $29 billion. Jacobs reported trailing-12-month book-to-bill ratios of 1.4x on gross revenue and 1.2x on net revenue. Net revenue and gross profit in backlog increased 11% and 14%, respectively, from the prior year.

Large Caps Across Planes, Tech and Oil Announce Over $10 Billion in BuybacksPragada said the company sees “convergence of backlog growth and overall revenue growth” and expects another strong bookings performance in the fiscal fourth quarter. Nathamuni said the backlog position provides confidence that fiscal 2027 growth can at least align with the company’s previously stated long-term average, though he deferred specific fiscal 2027 guidance until the next earnings call.

For fiscal 2026, Jacobs raised its outlook for adjusted net revenue growth to 9.5% to 10%. The company narrowed its adjusted EBITDA margin forecast to 14.7% to 14.8% and increased its adjusted EPS outlook to $7.20 to $7.30. The midpoint of the EPS range implies nearly 19% year-over-year adjusted EPS growth, Nathamuni said.

For the fourth quarter, Jacobs expects approximately 14% year-over-year net revenue growth, adjusted EBITDA margin of about 16%, a tax rate near 27.5%, and approximately $150 million in free cash flow.

Advanced Manufacturing and AI Infrastructure Drive Growth Infrastructure & Advanced Facilities, or I&AF, generated nearly $2.1 billion in net revenue, a quarterly record for the segment. Segment operating profit increased 14% on 10% net revenue growth.

Within I&AF, life sciences and advanced manufacturing net revenue climbed 24% year over year, the company’s highest reported growth rate in that end market since it began disclosing end-market results in late 2024. Data center and semiconductor activity were major contributors, and Jacobs expects the trend to continue in the fourth quarter.

Direct AI infrastructure build-out represented 11% of adjusted net revenue as of the third quarter, up about 100 basis points from the previous quarter. Pragada said Jacobs has expanded its data center scope from technical advisory and design to digital twins and full program delivery, while also applying water, environmental, power and digital capabilities to support both private-sector clients and utilities.

Among its awards, Jacobs received a sole-source engineering, procurement and construction management contract from Hut 8 for the Beacon Point AI data center campus in Texas. The multiphase site is designed to support 1 gigawatt of total capacity, with initial energization targeted for 2027. Jacobs is also leading program delivery for Hut 8’s River Bend campus in Louisiana.

In the semiconductor market, Pragada said customers are pushing the company to accelerate designs. He said Jacobs is working for the largest high-bandwidth memory chip manufacturer in the U.S. and is seeing its pipeline grow, including through its longstanding relationship with Intel.

Water, Environmental and Infrastructure Trends Critical infrastructure net revenue increased 9% in the quarter, led by transportation and energy and power activity. Nathamuni said Jacobs continues to expect the end market to grow at a mid-to-high single-digit rate over the medium term.

Pragada said transportation growth was led by aviation, rail, ports and maritime, with highways and bridges also contributing during the third quarter. Energy and power posted double-digit growth, primarily from U.S. transmission and distribution activity, while international growth was supported by generation and renewable-energy work.

Water and environmental net revenue grew slightly more than 1%, as strength in water was partly offset by continuing year-over-year environmental headwinds. The company expects sequential improvement in the fourth quarter following recent awards activity.

Jacobs was selected to provide program management and technical environmental services for the U.S. Navy’s Environmental Restoration Program across the Mid-Atlantic and Puerto Rico. The work includes contaminated-site restoration, including PFAS and munitions-related projects. The company also won the Central Utah Water Conservancy District’s Strawberry High Line Improvement Project, part of the broader approximately $1.5 billion Nebo Regional Water Project.

Pragada said environmental awards during the quarter included two sizable, unnamed private-sector industrial contracts, along with public-sector opportunities involving PFAS and Department of Defense regulatory work. He said the environmental business posted book-to-bill above 1.3x for the quarter and is expected to return to its prior growth levels in fiscal 2027.

Cash Flow, Repurchases and PA Consulting Jacobs generated $541 million in adjusted free cash flow in the third quarter, excluding $110 million of payments related to proceeds from the PA transaction. Year-to-date adjusted free cash flow totaled $633 million.

The company repurchased $614 million of shares through the third quarter, bringing total repurchases since the beginning of fiscal 2025 to $1.4 billion. Including dividends, Jacobs said it is on track to return more than 100% of free cash flow to shareholders for the second consecutive year. Net leverage declined to 1.8x, reaching the company’s below-2.0x target one quarter early. Jacobs still plans to reduce net leverage to about 1.5x by the end of fiscal 2027.

PA Consulting operating profit increased 2% on roughly flat revenue, while its operating margin remained above 22%. Nathamuni said a recent change in U.K. government leadership temporarily delayed project starts, but the company has seen a return toward normal conditions and expects solid sequential revenue growth in the fourth quarter.

Management said future margin expansion should be supported by operating leverage, greater use of global delivery and business mix. Pragada added that Jacobs expects margin improvement to be balanced between I&AF and PA Consulting as it advances cost synergies at PA.

About Jacobs Solutions (NYSE:J)Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.

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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4imprint Group Plc (AQSE:FOUR) shares jumped 9.2% to 4,794.2p after the promotional products maker said it expects full-year revenue and profit above analysts’ current forecasts.

First-half revenue rose 1% to $666.4 million, while total orders slipped to 1.04 million from 1.05 million.

However, the decline in new customer acquisition moderated from 8% in the first quarter to 4% in the second, while the fall in new customer orders slowed from 9% to 5%.

The company expects revenue for the 2026 financial year to be "slightly above" last year’s $1.35 billion, with adjusted pre-tax profit of around $130 million.

New chairman Paul Forman said: "The board is encouraged by the group's first half performance, in particular the improvement in new customer orders through the period and the effective management of gross profit margin pressure resulting from tariff-related cost increases realised in the period."

Adjusted pre-tax profit declined 12% to $64.8 million as tariff-related supplier costs weighed on margins. 

The interim dividend was held at 80 cents per share.

Broker Panmure Liberum said the profit guidance was 14% ahead of its estimate.

It was noted that gross margin narrowed to 31.5% from 32.8%, with a 3% increase in average order values only partly offsetting higher costs. Adjusted operating margin fell to 9.4% from 10.7%.

Panmure said this improvement was the "key feature" of the results, although it said the "key risk" is the US economic cycle, where a recent small business optimism survey showed an improvement in June from May.

"Industry data suggests 2.5% growth in Q2 26, which makes us question whether 4imprint is still gaining share."

Advanced Micro Devices Inc (NASDAQ:AMD, XETRA:AMD) delivered close to the quarter the bulls wanted, and the shares fell almost 9% anyway.

Revenue of $11.5 billion was up 50% year on year and ahead of the $11.28 billion consensus, while adjusted earnings of $1.66 a share beat forecasts of about $1.60.

Data centre revenue, the only line that really matters now, more than doubled to $6.7 billion.

Guidance for the current quarter of $12.7 billion to $13.3 billion was in line, and Lisa Su told analysts that data centre revenue would more than double again in 2027, with server sales growing more than 80%.

The stock had risen 7% during the session before reversing in extended trading.

Too few baskets

The discomfort is about who is doing the buying. AMD's accelerator growth rests on a very short list of names: OpenAI, Meta, Anthropic, Microsoft and Oracle, plus a handful of specialist GPU cloud providers.

Su acknowledged as much on the call, conceding that interest exists beyond the frontier model developers, but at a more ordinary scale rather than the gigawatt scale.

None of those largest customers has yet demonstrated that it can fund this level of spending out of its own profits.

That makes AMD's 2027 inflexion dependent on the willingness of capital markets to keep financing AI infrastructure, which is precisely the thing that has begun to wobble.

The Philadelphia semiconductor index has fallen roughly 20% from its late June peak, wiping more than $1 trillion from the value of chipmakers globally, with no deterioration in reported demand to explain it.

The circle

The structure of AMD's marquee deals sharpens the point. Meta's agreement to take up to six gigawatts of Instinct GPUs came with warrants over as much as 10% of AMD's equity, priced at a penny a share and vesting in full only if the stock reaches $600.

OpenAI holds a near-identical arrangement covering a similar six gigawatts.

Roughly a fifth of the company is therefore potentially owed to two of its largest customers, whose incentive to keep ordering is written directly into their own prospective shareholdings.

The Anthropic agreement, covering up to two gigawatts of MI450 series chips in Helios racks from the first half of 2027, goes a step further, because AMD is investing up to $5 billion into the customer.

Supporters read this as incentive alignment, while sceptics read it as revenue the supplier has partly funded itself.

Either way, the headline gigawatt numbers are "up to" commitments contingent on deployment milestones, and commitments are not shipments.

Little cushion elsewhere

The rest of the portfolio offers limited protection. Gaming revenue fell 31% to $779 million as the console cycle winds down, and although client sales rose 23% to $3.1 billion, AMD warned that surging memory prices will eat into personal computer demand over the coming quarters.

Embedded revenue grew 19% to $977 million.

Helios, the rack-scale system that takes on Nvidia's complete platforms rather than merely its chips, only begins shipping this quarter, with modest volumes before a step up in the fourth quarter and into 2027.

Valuation does the rest of the work, given the shares have risen nearly 130% this year and trade on roughly 69 times forward earnings.

At that multiple, meeting expectations is not enough, and a growth story resting on five customers and a 2027 acceleration invites investors to ask what happens if any one of them blinks.

Caterpillar (CAT +5.60%) reported second-quarter results on Tuesday, and the headline number was a company first. Sales and revenues rose 24% year over year to $20.5 billion -- the first time Caterpillar has cleared $20 billion in a single quarter. Shares were up about 6% in Tuesday trading as of this writing, to around $880.

The more interesting story sits one layer down, in the segment results. Construction industries (the bulldozers, excavators, and loaders most investors picture when they hear the name) produced $8.3 billion of sales. Power and energy, the segment that sells generator engines and turbines, produced $8.2 billion -- with much of that demand now coming from data centers.

In other words, Caterpillar now sells nearly as much power equipment as construction equipment. And on the profit line, the power business has arguably already pulled ahead.

Image source: Getty Images.

The power business has nearly caught construction Power and energy sales grew 17% year over year in the second quarter, driven by data center applications, gas compression, and aftermarket parts. Power generation, the slice of the segment most directly tied to data centers, grew 29% to $3.1 billion. The demand comes from the large engines and turbines that can power artificial intelligence (AI) facilities when the grid can't, or before a grid connection arrives.

And that slice keeps getting bigger. Power generation sales were about $2.4 billion in the second quarter of 2025 and $2.8 billion in this year's first quarter.

Demand looks even stronger than the revenue line shows: power generation sales to users grew 72% during the quarter, up from 48% growth in the first quarter, an acceleration driven by those same large gensets and turbines.

To be fair, construction industries grew faster this quarter. Its sales rose 35% year over year, helped by a 50% jump in North American sales.

So the story isn't that power is overtaking construction. It's that a business many investors never think about now rivals the famous one in size.

The profit comparison is sharper still. Power and energy generated $2.0 billion of segment profit in the quarter at a 24.6% margin, up 2.5 percentage points from a year ago. Construction industries generated $1.9 billion at a 23.3% margin, up 3.2 points. Both improved. But the power business now earns a higher margin than the equipment business -- and this quarter, more total profit, too.

Companywide, the operating margin reached 20.9%, up from 17.3% a year ago. Non-GAAP (adjusted) earnings per share rose 73% to $8.17.

The quarter also produced $4.4 billion of operating cash flow, which helped fund $1.5 billion of share repurchases and $0.7 billion of dividends.

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A $72 billion order book, and a price to match The order backlog ended the quarter at about $72 billion, up from a record $63 billion three months earlier. Management also raised its full-year sales outlook, citing healthy demand across its primary segments. And it trimmed its estimate of this year's tariff costs to about $2.2 billion.

Visibility like that is rare for a cyclical manufacturer. It's also not a guarantee. Orders placed years ahead of delivery can slip, and big projects can be rescheduled. An order in the backlog isn't revenue until Caterpillar delivers it.

After Tuesday's jump, shares trade at about 38 times earnings, with the just-reported quarter folded into the count. That's a premium price for a machinery maker, even one growing this fast.

This is the quarter where Caterpillar's transformation stopped being a story about orders and started being one about delivered profit. I like the business more than I did a week ago. The power franchise is higher-margin than the construction franchise, demand for it is accelerating, and it's arguably still in its early innings given how far out customers are ordering.

Still, at about 38 times earnings, the price treats a cyclical manufacturer as if the power boom comes with a guarantee. It doesn't. Data center projects can pause, and spending that arrives in waves can leave in waves.

If I owned the stock, I'd keep holding it. But I'm not chasing it the day after a 6% pop. The business earned my respect this quarter. At about 38 times earnings, though, I'd be paying today for several more years of quarters like this one. I'd rather wait for a better price.

Cloudflare (NYSE:NET) is expected to accelerate revenue growth in the second quarter and raise its full-year outlook, according to Jefferies, with investors likely looking for a path toward a mid-30% growth rate by the end of 2026 when the company reports results on August 6.

The company's Q2 revenue guide of $664.5 million at the midpoint implies year-over-year growth of about 30%, a four-percentage-point sequential deceleration despite a one-percentage-point tougher comparison.

Jefferies wrote that the target appears achievable, but investors are likely looking for growth of at least 34% and guidance that supports confidence in a mid-30% growth exit rate.

The firm expects Cloudflare to beat its second-quarter revenue guidance, based on the company’s recent performance, which would bring growth to about 33.6% year over year. Jefferies also expects Cloudflare to raise its full-year revenue guidance by more than the amount of any second-quarter beat.

Jefferies’ proprietary survey produced mixed results ahead of the report, with performance to plan declining to 0.6% in the second quarter from 2.1% in the first. On a seasonally adjusted basis, however, performance was solid at 0.8%, compared with the second quarter of 2025. The survey also indicated continued momentum in SASE, while 65% of respondents expected Cloudflare spending to accelerate in the second half compared with the first half.

Investors are also likely to focus on the impact of Cloudflare’s previously announced 20% workforce reduction and any updates on the search for a chief revenue officer. Jefferies wrote that management appears confident the workforce reduction will not disrupt operations, particularly given its limited expected impact on quota-carrying sales representatives, although the firm continues to see some near-term risk that could constrain growth acceleration.

Cloudflare’s full-year revenue guidance currently calls for 30% year-over-year growth. Jefferies expects the company to raise its outlook and wrote that investors will likely seek commentary supporting a path toward a mid-30% growth exit rate, while noting tougher second-half comparisons and the workforce reduction as potential constraints.

On profitability, Cloudflare’s Q2 guidance calls for a non-GAAP operating margin of 13.6% to 13.7%, representing about 220 basis points of sequential expansion and roughly 50 basis points of year-over-year contraction. Jefferies expects some operating margin upside, partly reflecting benefits from the workforce reduction, while continuing to expect pressure on gross margins.

Cloudflare’s full-year guidance calls for a non-GAAP operating margin of 14.9% to 15%. At its investor day, the company also raised its long-term operating margin target to more than 30%, citing AI-driven productivity gains and lower headcount as key drivers.

Jefferies wrote that Cloudflare remains well positioned to benefit from AI-related demand and cybersecurity vendor consolidation, but noted that the stock’s valuation, at about 29 times estimated 2027 enterprise value to revenue, remains elevated.

Shares of Cloudflare traded up 7% at $303 on Tuesday afternoon, having surged almost 54% so far this year.

5.8.2026 09:41, BAABEZVA

Český prodejce vlasové kosmetiky Bezvavlasy zveřejnil výsledky hospodaření za první polovinu roku 2026. Provozní zisk EBITDA dosáhl 27,3 mil. Kč, zatímco ve stejném období loňského roku činil 7,3 mil. Kč. Společnost potvrdila celoroční výhled EBITDA ve výši 60 mil. Kč a oznámila, že na podzim vstoupí na rakouský a následně německý trh.

Výsledky za 1H 2026 Skupina v prvním pololetí dosáhla provozního zisku EBITDA ve výši 27,3 mil. Kč, zatímco ve stejném období loňského roku činil 7,3 mil. Kč. Vzhledem k tomu, že za první čtvrtletí společnost reportovala zisk EBITDA 14,8 mil. Kč, připadá na samotný druhý kvartál EBITDA přibližně 12,5 mil. Kč.

Nově otevřené e-commerce trhy v Rumunsku, Chorvatsku, Slovinsku a Bulharsku vygenerovaly tržby 26,6 mil. Kč, meziročně o 20 % více. Podle společnosti již všechny tyto trhy kladně přispívají k provoznímu zisku EBIT.

Velkoobchodní divize Hair Servis zaznamenala za první pololetí mírný meziroční pokles tržeb, který společnost připisuje zejména slabšímu prvnímu čtvrtletí. Ve druhém kvartálu se tržby divize stabilizovaly na úrovni srovnatelné s předchozím rokem. Nad očekávání se podle společnosti vyvíjí poptávka po značce Davines.

Výhled na rok 2026 Bezvavlasy potvrdily celoroční výhled provozního zisku EBITDA ve výši 60 mil. Kč. Za první polovinu roku tak skupina splnila 45,5 % celoročního cíle.

Expanze do Rakouska a Německa Skupina na podzim plánuje zahájit prodej nejprve v Rakousku a následně v Německu. Půjde o první vstup společnosti na západoevropské trhy. Provoz nových e-shopů bude řízen centrálně z Prahy a logistiku zajistí sklad v Boru u Tachova, který se nachází přibližně 20 kilometrů od německých hranic.

Bezvavlasy v současnosti působí vedle České republiky také na Slovensku, v Maďarsku, Rumunsku, Chorvatsku, Slovinsku a Bulharsku.

Komentář společnosti „V letošním roce se nám daří napříč segmenty. Vzhledem k sezónnosti a probíhající optimalizaci plánujeme silnější 2. pololetí a potvrzujeme tak celoroční výhled zisku EBITDA ve výši 60 milionů korun,“ komentoval pololetní výsledky spoluzakladatele společnosti Aleš Hudeček.

„Český e-commerce trh je velmi konkurenční a český zákazník je náročný. I proto nás těší, že se nám daří dále růst a zkušenosti ze zdejšího vysoce rozvinutého trhu nám pomáhají i v expanzi do zahraničí. Kromě nových trhů nicméně budeme hledat i nové segmenty a produkty, které přispějí k dalšímu růstu,“ uzavřel Aleš Hudeček.

Akcie Bezvavlasy Akcie Bezvavlasy (BAABEZVA) se na pražské burze i na trhu RM-SYSTÉM obchodují shodně za 400 Kč.

Zdroj: Bezvavlasy

Marek Krejčiřík, Fio banka, a.s.

Alight, Inc. (ALIT) Q2 2026 Earnings Call August 4, 2026 4:30 PM EDT

Company Participants

Rohit Verma - CEO & Director
Stephen Lasher - Chief Financial Officer

Conference Call Participants

Peter Heckmann - D.A. Davidson & Co., Research Division
Curtis Nagle - BofA Securities, Research Division
Ross Cole - Needham & Company, LLC, Research Division

Presentation

Operator

Good afternoon, and welcome to the Alight Second Quarter 2026 Conference Call. There is a presentation accompanying today's presentation available on the Alight's Investors Relations website.

I will now read the safe harbor statement. Today's discussion includes forward-looking statements within the meaning of the federal securities laws. These statements reflect management's current views and expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Factors that may cause such differences are described in today's earnings release and in Alight's filings with the Securities and Exchange Commission, including in the Risk Factors section of its most recent annual report on Form 10-K. The company undertakes no obligation to update any forward-looking statements, except as required by law.

In addition, during today's call, the company may reference certain non-GAAP financial measures. A reconciliation of these measures to the most directly comparable GAAP measures can be found in the earnings release available on the company's website.

I will now turn the call over to Rohit Verma, Chief Executive Officer of Alight. Please go ahead.

Rohit Verma
CEO & Director

Good afternoon, and welcome to Alight's Second Quarter 2026 Earnings Call. I'm very pleased to have Steve Lasher, our Chief Financial Officer, joining me today. Steve joined Alight in June. So it's been a busy first few weeks for him, and we are delighted to have him on board.

Included in today's discussion will be our thoughts on our second quarter, our positioning

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ROSWELL, Ga.--(BUSINESS WIRE)--SiteOne® Landscape Supply, Inc. (NYSE: SITE) announced today that its subsidiary, Devil Mountain Wholesale Nursery, has acquired Patterson Nursery Sales. Patterson is a leading grower and distributor of premium Oregon nursery products serving customers coast-to-coast.

“Through Devil Mountain, we continue to execute our nursery growth strategy in the western United States while supporting our overall development of this important product category,” said Doug Black, Chairman and CEO of SiteOne Landscape Supply. “The acquisition of Patterson expands our reach in the Pacific Northwest and strengthens our ability to distribute high-quality nursery products efficiently across the country.”

“Bill Patterson and his team have built a top-performing company that goes above and beyond to serve its customers with the finest green goods on the West coast,” said Drew McMillan, President of Devil Mountain Wholesale Nursery. “We look forward to continuing to grow with our shared customers, while building on the legacy of quality, service and dedication that Patterson is known for.”

“Having known and worked with the folks at Devil Mountain for almost 40 years, I have experienced firsthand the dependable integrity that has earned them a strong reputation in our industry,” said Bill Patterson, Owner of Patterson Nursery Sales. “Our companies have always shared the same core values, including an unwavering commitment to the highest quality, exceptional service and long-term relations. I’m confident that our employees, customers and vendors will be in excellent hands.”

This is the third acquisition for SiteOne in 2026 and the first for Devil Mountain this year as they continue to expand their capabilities to serve nursery customers nationally and offer the full range of landscape supplies and services to landscape professionals.

About Devil Mountain Wholesale Nursery:

Devil Mountain Wholesale Nursery is the largest wholesale distributor of landscape trees and plants in California, focusing on sales to landscape professionals. Devil Mountain maintains best in class nursery distribution branches, conducts a robust brokerage service, and operates six growing facilities for premium trees and plants, including the popular Swan Hill Olives® non-fruiting olive tree. Since 1995, Devil Mountain has been a single source nursery providing plants to commercial and residential landscape companies, landscape architects, municipalities, and major end users. For more information, visit www.devilmountainnursery.com.

About SiteOne Landscape Supply:

SiteOne Landscape Supply (NYSE: SITE), is the largest and only full product line nationwide wholesale distributor of landscape supplies in the United States with an established presence in Canada. Its customers are primarily residential and commercial landscape professionals who specialize in the design, installation and maintenance of lawns, gardens, golf courses and other outdoor spaces. https://www.siteone.com/

More News From SiteOne Landscape Supply, Inc.

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© Andriy Onufriyenko / Moment via Getty Images

CoreWeave (NASDAQ: CRWV) and Nebius Group (NASDAQ: NBIS | NBIS Price Prediction) just delivered Q1 2026 results that look similar on the surface: both are NVIDIA-backed AI cloud providers chasing hyperscaler contracts. Underneath, the businesses are built on completely different foundations. CoreWeave is a leveraged infrastructure developer. Nebius is an AI-native software cloud platform. That distinction shaped everything about their quarters.

Bookings Machine Meets Software Stack CoreWeave printed $2.08 billion in revenue, up 111.69% year over year, alongside a $99.4 billion revenue backlog anchored by a $21 billion Meta commitment and a fresh Anthropic deal for Claude. CEO Michael Intrator framed the pitch clearly: “We sit between the models and the silicon.” That is the whole thesis. Rent GPUs at scale, wrap them in Weights & Biases tooling, collect long-dated bookings.

Nebius told a different story. Revenue landed at $399 million, missing the $593 million consensus, but Nebius AI Cloud alone grew 841% year over year at a 45% adjusted EBITDA margin. Arkady Volozh is building a full software layer, including Aether 3.5 serverless AI, Token Factory managed inference, and stakes in ClickHouse, Toloka, and Avride autonomous delivery. The company also secured its own $27 billion five-year Meta agreement.

Debt-Fueled Scale vs. Cash-Rich Optionality The balance sheets reveal the real divergence. CoreWeave carries $50.81 billion in total liabilities against $2.24 billion in cash, with interest expense doubling to $536 million and Q1 capex hitting $7.7 billion. That is the leveraged developer model working in overdrive. Nebius sits on $9.30 billion of cash, having raised $6.3 billion from financing activities, and it actually issued explicit 2026 guidance of $3.0 billion to $3.4 billion in revenue with a ~40% adjusted EBITDA margin. CoreWeave declined to give formal guidance.

Lens CoreWeave Nebius Core DNA Leveraged infra developer AI-native software platform Backlog / RPO $99.4B $33.6B Cash Position $2.24B $9.30B Key Vulnerability Interest expense, capex Revenue miss, execution Inference Ramp Will Settle This Both companies achieved NVIDIA Exemplar Cloud status, but on different systems: GB200 NVL72 for CoreWeave and GB300 NVL72 for Nebius. I will be watching whether CoreWeave’s Dedicated Inference product converts that $99B backlog into cash before debt service compresses margins. For Nebius, the question is whether Token Factory, plus the Tavily, Eigen AI, and Clarifai acquisitions, can push ARR toward the $7 billion to $9 billion year-end target.

What the Setup Signals Right Now CoreWeave offers the largest hyperscaler bookings pipeline paired with a highly leveraged build-out, though shares are down 28.67% since the May 7 report. On the metrics, Nebius screens as the more defensive profile. The 45% segment EBITDA margin, cleaner balance sheet, and diversified software stack look more defensible if GPU pricing softens. That said, the 316.73% one-year run leaves little room for the next quarter to disappoint.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Nebius Group didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

Astera Labs, Inc. (ALAB) Q2 2026 Earnings Call August 4, 2026 4:30 PM EDT

Company Participants

Leslie Green - Investor Contact
Jitendra Mohan - Co-Founder, CEO & Executive Director
Sanjay Gajendra - Co-Founder, President, COO & Director
Desmond Lynch - Chief Financial Officer

Conference Call Participants

Harlan Sur - JPMorgan Chase & Co, Research Division
Blayne Curtis - Jefferies LLC, Research Division
Joseph Moore - Morgan Stanley, Research Division
Tore Svanberg - Stifel, Nicolaus & Company, Incorporated, Research Division
Natalia Winkler - UBS Investment Bank, Research Division
Sean O'Loughlin - TD Cowen, Research Division
Papa Sylla - Citigroup Inc., Research Division
Robert Smith - Barclays Bank PLC, Research Division
Ananda Baruah - Loop Capital Markets LLC, Research Division
Sujeeva De Silva - ROTH Capital Partners, LLC, Research Division
Jeffrey Koche - Raymond James & Associates, Inc., Research Division
Karl Ackerman - BNP Paribas, Research Division

Presentation

Operator

Good afternoon. My name is Holly, and I will be your conference operator today. At this time, I would like to welcome everyone to the Astera Labs Q2 2026 Earnings Conference Call. [Operator Instructions] Thank you. I will now turn the call over to Leslie Green, Investor Relations for Astera Labs. Leslie, you may begin.

Leslie Green
Investor Contact

Thank you, Holly, and good afternoon, everyone, and welcome to the Astera Labs Second Quarter 2026 Earnings Conference Call. Joining us on the call today is Jitendra Mohan, Chief Executive Officer and Co-Founder; Sanjay Gajendra, President and Chief Operating Officer and Co-Founder; and Desmond Lynch, Chief Financial Officer.

Before we get started, I would like to remind everyone that certain comments made in this call today may include forward-looking statements regarding, among other things, expected future financial results, strategies and plans future operations and the markets in which we operate. These forward-looking statements reflect management's current beliefs, expectations and assumptions about future events, which are inherently subject to risks and uncertainties that are

I keep hitting the buy button on Broadcom because the company sells nearly everything inside a hyperscale AI cluster except the GPU. Every time I examine how Google, Meta, OpenAI, and Anthropic build compute, Broadcom’s name appears on the custom accelerator, Ethernet switch, DSP, optics, and fabric. That is why my cost basis keeps climbing.

The thesis: Broadcom (NASDAQ:AVGO | AVGO Price Prediction) captures the hyperscaler AI capital budget that does not flow to NVIDIA (NASDAQ:NVDA). Custom silicon (XPUs/ASICs) and AI networking interconnects are the two other legs of the data center stool, and Hock Tan’s team owns both.

The Receipts Behind the Conviction AI semiconductor revenue jumped from $5.20 billion in Q3 FY25 to $10.80 billion in Q2 FY26, a 143% year-over-year increase. Q3 FY26 guidance calls for $16.0 billion, up over 200% YoY, with management guiding to $56 billion for full-year FY26 and in excess of $100 billion by FY27. Hock Tan stated that “Demand for XPUs and networking is simply insatiable,” and the $30 billion-plus in Q2 AI bookings backs the claim.

Q2 FY26 free cash flow was $10.26 billion, 46% of revenue, up 60.07% year-over-year. Adjusted EBITDA landed at 69% of revenue. Net income grew 87.51% to $9.31 billion. That margin structure funds both the $10 billion buyback authorized through December 2026 and the dividend, raised 10% last December to $0.65 per quarter, the 15th consecutive annual increase. This is a compounder’s dividend record on an AI growth chassis.

Networking made up almost 40% of AI revenue in Q2. Broadcom’s Tomahawk 6 is the industry’s only 100-terabit Ethernet switch, with a 200-terabit successor taping out this quarter. Anthropic committed to over 1 gigawatt of TPU compute in 2026 and another 5 gigawatts starting 2027. OpenAI is on the hook for 1.3 gigawatts in 2027 inside a 10-gigawatt by 2029 deal. Meta signed for 3 gigawatts of MTIA XPUs through 2028. These are multi-year, multi-generational commitments spanning several product generations.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Broadcom didn't make the cut. Grab the names FREE today.

Why Not Just Buy NVIDIA I already own NVIDIA. The exposure NVIDIA does not provide is to customers building alternatives to it. Google’s TPU roadmap, Meta’s MTIA, OpenAI’s custom silicon, and Anthropic’s compute all route through Broadcom. When a hyperscaler wants to control cost and power per token, it hires Hock Tan’s team to co-design the chip and buys the switch fabric to connect it. That revenue stream grew 143% last quarter while consolidated revenue climbed 47.9%.

The Risk Customer concentration is real. A handful of hyperscalers drive the AI number, and if one pulls a program or delays shipments, a quarter can move. The Q2 call disclosed $6 billion in orders from two additional core customers shipping late 2026, broadening the base. Total liabilities remain elevated from the VMware deal, and semiconductor cycles are cycles. The bookings, multi-year gigawatt commitments, and 46% free cash flow margin are doing the talking.

Why the Buy Button Stays Active At $418.16, the stock trades at roughly 65x trailing and about 21x forward earnings, with analyst targets averaging $527.88. I am buying because a company generating 69% EBITDA margins on an AI business heading from $56 billion this year toward $100 billion next year is the rarest compounder: one whose customers plan their power grids around its ship dates.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Broadcom didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

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

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If you own YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY), you are paying taxes on shrinking distributions while your principal quietly disappears. Over the past year, the fund’s share price has fallen 67.45%, and the weekly checks (that were the whole reason to own it) have collapsed from a peak of $4.4213 per share in November 2024 to $0.2222 on July 30, 2026.

What You’re Actually Paying MSTY’s stated expense ratio is 1.03%. That is $103 per year per $10,000 invested, before you factor in any of the strategy’s structural costs. A diversified covered-call ETF like JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) charges roughly a third of that. On the same $10,000, JEPQ’s fee runs about $35 a year. Held for 20 years, that fee gap alone is roughly $1,360 in headline expenses, and that ignores the compounding drag on returns.

The fee is a smaller problem, especially when compared to the fund’s tax inefficiencies. YieldMax’s own prospectus language notes distributions are “generally taxable as ordinary income, qualified dividend income, or capital gains (or a combination)”, and most of MSTY’s payouts land in the ordinary-income bucket. If you sit in a 32% federal tax bracket and hold MSTY in a taxable account, the fund’s trailing 12-month payout of $15.6569 per share generated a real tax bill, even as the share price fell to $12.51.

The Part the Factsheet Doesn’t Highlight MSTY sells calls on MicroStrategy (NASDAQ:MSTR | MSTR Price Prediction), a single-stock proxy for Bitcoin. That is the entire portfolio. When MSTR fell 74.13% over the past year, MSTY ate the drawdown on the downside while its written calls capped any bounce. The YieldMax prospectus is explicit on the mechanics: “gains on the Underlying Security above the strike price(s) of the sold calls are generally expected to be reduced or foregone.”

Additionally, there is a second, quieter cost. The same prospectus warns that “a portion (sometimes significant) of the Fund’s distributions may be classified as return of capital”. Return of capital is the fund handing you back your own money, then reducing your cost basis, so a future sale can trigger a bigger capital gain. Combined with weekly options rolls, which the prospectus flags may produce “high portfolio turnover” and higher taxes in taxable accounts, the yield you see on the marketing page is not the yield you keep.

The Cheaper Mirror If the goal is a covered-call income ETF, JEPQ writes calls against a diversified Nasdaq-100 book instead of one volatile stock. Multiple analyses of MSTY have named JEPQ specifically as the more stable alternative. The trade-off is clear: JEPQ will not print a headline yield near MSTY’s advertised 64.53%, but it also does not concentrate 100% of your risk in a single Bitcoin-linked equity that has moved -5.86% in the last month alone. For pure MSTR exposure at a fraction of the cost, owning MSTR shares directly carries no expense ratio and defers taxes until you sell.

What This Means for You Before your next MSTY distribution hits, ask a simpler question than “what is the yield?” Ask: what did the share price do this year, what tax rate will apply to the payout, and how much of it is return of my own capital?

MSTY is down 32.12% year to date. If a distribution shrinks while your basis shrinks and the IRS still wants ordinary-income rates, the “income” label is doing a lot of work.

Contact [email protected] for any questions or corrections.

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed two expansions and an extension totaling 87,000 square feet in Woodinville, Washington with a designer and builder of data centers in space. An expansion for 37,000 square feet will commence October 1, 2027 and an expansion for 23,000 square feet will commence October 1, 2026, both immediately upon expiration of existing tenant leases. Both leases will expire December 2031. The tenant’s existing lease of 27,000 square feet which was to expire July 2031 has been extended and will expire December 2031.

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey; Los Angeles; Miami; San Francisco Bay Area; Seattle; and Washington, D.C.

Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “result,” “should,” “will,” “seek,” “target,” “see,” “likely,” “position,” “opportunity,” “outlook,” “potential,” “enthusiastic,” “future” and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2025 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.

ORLANDO, Fla.--(BUSINESS WIRE)--The board of directors of Travel + Leisure Co. (NYSE:TNL) declared a regular cash dividend on the company's common stock of $0.60 per share, payable September 30, 2026, to shareholders of record as of September 16, 2026.

About Travel + Leisure Co.
Travel + Leisure Co. (NYSE: TNL) is a leading leisure travel company, providing more than six million vacations to travelers around the world every year. The Company operates a diverse portfolio of vacation ownership, travel club, and lifestyle travel brands designed to meet the needs of the modern leisure traveler, whether they’re traversing the globe or enjoying destinations closer to home. This includes experiential brands such as Sports Illustrated Resorts, Eddie Bauer Adventure Club, Margaritaville Vacation Club, and Accor Vacation Club, as well as cornerstone brands Club Wyndham, WorldMark, and RCI. With hospitality and responsible tourism at its heart, the Company’s more than 19,000 dedicated associates worldwide help fulfill its mission to put the world on vacation. Learn more at travelandleisureco.com.

Forward-Looking Statements
This press release includes “forward-looking statements” as that term is defined by the Securities and Exchange Commission (“SEC”). Forward-looking statements are any statements other than statements of historical fact, including statements regarding our expectations, beliefs, hopes, intentions or strategies regarding the future. In some cases, forward-looking statements can be identified by the use of words such as “will,” “intends,” or “expects,” or other words of similar meaning. Forward-looking statements are subject to risks and uncertainties that could cause actual results of Travel + Leisure Co. and its subsidiaries (“Travel + Leisure Co.” or “we”) to differ materially from those discussed in, or implied by, the forward-looking statements. Factors that might cause such a difference include, but are not limited to, risks associated with: the future prospects and plans for Travel + Leisure Co., including our ability to compete in the highly competitive timeshare and leisure travel industries; the health of the travel industry and declines or disruptions caused by adverse economic conditions (including inflation, recent tariff and other trade restrictions, higher interest rates, recessionary pressures, and any potential adverse economic impacts resulting from the U.S. federal government shutdown), travel restrictions, terrorism or acts of gun violence, political strife, war (including hostilities in Ukraine and the Middle East), pandemics, and severe weather events and other natural disasters; adverse changes in consumer travel and vacation patterns, consumer preferences and demand for our products; increased or unanticipated operating costs and other inherent business risks; our ability to comply with financial and restrictive covenants under our indebtedness; our ability to access capital and insurance markets on reasonable terms, at a reasonable cost or at all; maintaining the integrity of internal or customer data and protecting our systems from cyber-attacks; and those other factors disclosed as risks under “Risk Factors” in documents we have filed with the SEC, including in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 18, 2026. We caution readers that any such statements are based on currently available operational, financial and competitive information, and they should not place undue reliance on these forward-looking statements, which reflect management’s opinion only as of the date on which they were made. Except as required by law, we undertake no obligation to review or update these forward-looking statements to reflect events or circumstances as they occur.

More News From Travel + Leisure Co.

AI Solution Adoption More Than Doubled Year-Over-Year; Engage Customer Base Grew 247%; Communication API Interactions Accelerate Across Every Channel

CAMPBELL, Calif.--(BUSINESS WIRE)--The pressure on customer experience teams isn't letting up: more interactions, tighter staffing, higher expectations. First quarter results from 8x8, Inc.'s fiscal year 2027 show organizations are responding by deploying AI that reduces interaction volume, meets customers on their preferred digital channels, and consolidates communications on a platform built to scale. Usage-based revenue, which includes communication APIs, AI solutions, digital channels, and telecom, continued its strong growth trajectory from Q4 FY26 with a 63 % year-over-year increase in Q1 FY27.

8x8, Inc. (NASDAQ: EGHT), a leading global business communications platform provider, released Q1 FY27 momentum metrics for its AI-powered customer experience and communications API solutions.

In Q1, customer adoption of AI solutions – including 8x8 AI Studio and 8x8 Intelligent Customer Assistant – grew 121% year-over-year. 8x8 Engage, 8x8's purpose-built solution for frontline and non-desk workers, expanded its customer base more than 247% year-over-year. The pattern is consistent: customers are deploying these tools, and they're using them.

"AI adoption more than doubled, and it's showing up in live customer conversations, not pilots," said Hunter Middleton, Chief Product Officer at 8x8, Inc. "We're investing on both sides: the AI our customers deploy, and the infrastructure underneath that routes, processes, and governs every interaction in real time. That combination is what lets them run AI-first CX at enterprise scale, and the numbers reflect it."

AI adoption continues to climb

Demand for AI-driven customer experience tools continued to accelerate in Q1 FY27, with significant growth in both adoption and usage across 8x8 Intelligent Customer Assistant, 8x8 AI Studio, and 8x8 Engage solutions:

Customer adoption of AI solutions, including 8x8 AI Studio and 8x8 Intelligent Customer Assistant, increased 121% year-over-year and 68% quarter-over-quarter. The number of customers adopting 8x8 Engage grew more than 247% year-over-year and 33% quarter-over-quarter. Total 8x8 Intelligent Customer Assistant interactions – across digital, voice, and auto attendant channels – grew more than 88% year-over-year from Q1 FY26 to Q1 FY27. Voice AI interactions grew more than 106% year-over-year from Q1 FY26 to Q1 FY27. Communication API growth by channel

Organizations are expanding their use of 8x8 communication APIs to reach customers across SMS, voice, and messaging channels:

Total 8x8 communication API interactions across messaging, voice, and video channels grew 24% year-over-year from Q1 FY26 to Q1 FY27 and over 18% quarter-over-quarter. 8x8 communication API SMS interactions increased nearly 20% quarter-over-quarter from Q4 FY26 to Q1 FY27. 8x8 communication API messaging interactions – including WhatsApp, RCS, Viber, Zalo, and LINE – grew more than 112% year-over-year from Q1 FY26 to Q1 FY27. 8x8 communication API voice interactions increased more than 151% year-over-year from Q1 FY26 to Q1 FY27. Customer validation

As of July 1, 2026, 8x8 has an Overall Rating of 4.6 out of 5 across the Unified Communications as a Service, Contact Center as a Service, and Communications Platform as a Service markets, based on 60 reviews on Gartner Peer Insights™.

8x8 continues to build on that customer response with product updates that expand access to AI, automation, and communications capabilities across the organization.

Platform innovations in Q1 FY27

Recent product updates extend the 8x8 Platform for CX to every corner of the organization, bringing enterprise-grade intelligence and automation to every team: 8x8 Pulse, available now for select 8x8 customers, captures and indexes interactions across calls, meetings, emails, and support tickets, making conversation data searchable and actionable across the organization rather than siloed to individual teams. 8x8 Resolve, available now for select 8x8 customers, is a new critical communications solution that delivers incident and emergency alerts to frontline workforces through the same platform they use for daily work, reducing the need for separate alerting tools. 8x8 AI Routing, available now for select 8x8 customers, dynamically matches customers to the best-qualified expert across the organization – not only agents in the contact center – and uses interaction data, including transcripts, sentiment, and historical patterns, to automate skills configuration so teams can begin realizing value at deployment rather than after months of manual setup. 8x8 AI Studio now supports multiple AI models, voice-powered agent building, and one-click connectors to 11 third-party business applications, enabling teams to deploy AI agents with minimal additional vendors or custom development. The new 8x8 App Store provides self-serve capability extensions. A native integration with Synthflow extends AI voice capabilities for joint customers within the existing platform. 8x8 Workforce Management received forecasting and scheduling enhancements available at no additional cost to existing 8x8 Contact Center customers. The 8x8 Platform for CX integrates contact center, unified communications, and CPaaS capabilities into a single platform. Organizations use it to reduce the operational complexity of managing multiple point solutions while meeting customers across whichever channels they prefer.

8x8, Inc. is committed to the responsible use of artificial intelligence and the protection of customer data. The 8x8 Platform for CX is developed and operated in accordance with established security standards, applicable compliance frameworks, and internal governance policies, including privacy-by-design principles that safeguard personal data on the 8x8 platform. Full details are available at trust.8x8.com.

About 8x8, Inc.

8x8, Inc. (NASDAQ: EGHT) connects people and organizations through seamless communication on one of the industry's most integrated platforms for Customer Experience – combining Contact Center, Unified Communications, and CPaaS solutions. The 8x8® Platform for CX integrates AI to enable personalized customer journeys, drive operational excellence and insights, and facilitate team collaboration. As a business communications leader, the company helps customer experience and IT leaders around the world become the heartbeat of their organizations, empowering them to unlock the potential of every interaction. For additional information, visit www.8x8.com, or follow 8x8 on LinkedIn, X, and Facebook.

Caution Concerning Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the expected performance and market acceptance of our products and services. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied, including 8x8's ability to effectively sell and support our products and services, and macroeconomic conditions affecting small business technology investment. For a more complete description of these and other risk factors, please refer to 8x8's filings with the Securities and Exchange Commission. 8x8 undertakes no obligation to update these statements to reflect events occurring after the date of this press release, except as required by law.

Copyright 2026 8x8, Inc. 8x8 and associated brand assets are trademarks of 8x8, Inc. All rights reserved. All other trademarks are the property of their respective owners including WhatsApp (Meta Platforms, Inc.), Viber (Rakuten Group), Zalo (VNG Corporation), LINE (LY Corporation), RCS (GSMA industry standard), and GSMA Open Gateway (GSM Association).

Gartner Peer Insights™, Voice of the Customer: Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences with the vendors listed on the platform, should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark, and PEER INSIGHTS is a trademark and service mark, of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

More News From 8x8, Inc.

ACADIA Pharmaceuticals Inc. (ACAD) Q2 2026 Earnings Call August 4, 2026 4:30 PM EDT

Company Participants

Albert Kildani - Senior Vice President of Investor Relations & Corporate Communications
Catherine Owen Adams - CEO & Director
Thomas Garner - Executive VP & Chief Commercial Officer
Elizabeth Thompson - Executive VP and Head of Research & Development
Mark Schneyer - Executive VP & CFO

Conference Call Participants

Tessa Romero - JPMorgan Chase & Co, Research Division
Ritu Baral - TD Cowen, Research Division
Ashwani Verma - UBS Investment Bank, Research Division
Marc Goodman - Leerink Partners LLC, Research Division
Tazeen Ahmad - BofA Securities, Research Division
Yigal Nochomovitz - Citigroup Inc., Research Division
Malcolm Hoffman - BMO Capital Markets Equity Research
Sean Laaman - Morgan Stanley, Research Division
Nevin Varghese - RBC Capital Markets, Research Division
Sumant Kulkarni - Canaccord Genuity Corp., Research Division
Guofang Li - Wolfe Research, LLC
David Hoang - Deutsche Bank AG, Research Division
Ananda Ghosh - H.C. Wainwright & Co, LLC, Research Division
Uy Ear - Mizuho Securities USA LLC, Research Division
Julian Hung - Stifel Nicolaus Canada Inc., Research Division

Presentation

Operator

Ladies and gentlemen, thank you for standing by. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to ACADIA Pharmaceuticals Second Quarter 2026 Earnings Conference Call. [Operator Instructions]

And I would now like to turn the conference over to Albert Kildani, Senior Vice President, Investor Relations and Corporate Development. Please go ahead.

Albert Kildani
Senior Vice President of Investor Relations & Corporate Communications

Good afternoon, and thank you for joining us on today's call to discuss ACADIA's second quarter 2026 financial results.

Joining me on the call today from ACADIA are Catherine Owen Adams, our Chief Executive Officer, who will provide some opening remarks; followed by Tom Garner, our Chief Commercial Officer, who will discuss our commercial brands, DAYBUE and NUPLAZID. Also joining us today

Shares of software and cloud computing giant Microsoft (MSFT +1.06%) soared 24.6% in July, according to data from S&P Global Market Intelligence.

For context, the S&P 500 index was essentially flat -- it edged down less than 0.1% -- while the tech-heavy Nasdaq Composite index declined 3.2%.

Investors were no doubt particularly pleased with Microsoft's stock jump in July because shares had been about 19% in the red in 2026 before last week's earnings release. Through Tuesday, Aug. 4, Microsoft stock has returned 2.3% in 2026. The S&P 500 has returned 13.8% over this period.

Getty Images.

Robust quarterly results On July 30, Microsoft stock jumped 15.5%, following the release of its results for the fourth quarter of fiscal 2026 (ended June 30) on the prior afternoon. Moreover, the stock gained 19% in the two days following this release.

Today's Change

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1.06

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5.16

Current Price

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492.81

Microsoft reported quarterly revenue of $90.0 billion, up 18% year over year. This result comfortably beat Wall Street's consensus estimate of $87.6 billion. Net income on a non-GAAP (generally accepted accounting principles) basis was $35.3 billion, up 22%. That translated to adjusted earnings per share (EPS) increasing 23% to $4.74. This result sprinted by Wall Street's expectation of $4.24.

Non-GAAP results excluded the impact of the company's investments in AI model developer OpenAI, best known for its ChatGPT chatbot.

Revenue growth was driven by strong performance in Microsoft Cloud. Its revenue was $59.3 billion, up 27% year over year, and commercial remaining performance obligation increased 84% to $678 billion. This performance was driven by strong demand for artificial intelligence (AI) capabilities.

Within Cloud, Azure (its cloud computing platform) and other cloud services revenue increased 43%.

"This year, Azure revenue surpassed $100 billion for the first time, and Microsoft 365 Copilot [its AI-powered assistant that integrates with Microsoft 365 apps] reached over 30 million paid seats, reflecting the confidence customers are placing in us to power their AI transformation," said CEO Satya Nadella in the earnings release.

Microsoft's cloud demand still exceeds its capacity, but the company is adding capacity at a lightning pace. Nadella said on the earnings call that the company added 31 new data centers across 5 continents in the quarter, bringing its total to 88 new data centers this year.

Looking ahead On the earnings call, CFO Amy Hood provided rosy guidance. For the first quarter of fiscal 2027, the company expects revenue of $89.85 to $90.95 billion, representing year-over-year growth of 16% to 17%, "with accelerating commercial growth partially offset by the impact from the [challenging] PC market dynamics."

For the full year fiscal 2027, Hood said the company continues to "expect another fiscal year of double-digit revenue and operating income. .... In addition, we expect to remain free cash flow positive in FY27."

DETROIT — General Motors and China's SAIC Motor have extended a decadeslong Chinese joint venture that was set to end next year, the U.S. automaker said Tuesday night.

The extension comes amid a rapidly changing automotive landscape in China that has included the swift rise of domestic automakers and a shift away from traditional Western brands and legacy joint ventures.

GM declined to provide financial details of the extension, which comes amid heightened geopolitical tensions between the U.S. and China, including a potential stateside ban of Chinese brands and vehicles.

The largest disclosed change in the dynamic of the agreement is its length. The initial deal established in 1997 was for 30 years, and now the companies have announced a 20-year extension of the 50-50 joint venture to 2047.

GM noted that the deal will focus on refocus domestic sales of Buick and Cadillac models in China in addition to exporting products, including Chevrolet models, built in China for non-U.S. markets.

"We are committed to strong performance in the China market, and we see meaningful opportunities to compete in select international markets: the Middle East, Africa, South America, Mexico and Asia-Pacific," GM China President John Roth said in a release.

The optimism about exporting comes as China quickly went from a reclusive market to the largest global exporter of vehicles in recent years.

China's growth has been fueled by government funding for companies as well as a culture of innovation and speed the country has instilled in its workers, experts have said. But a slowing Chinese market and plant underutilization have forced companies to begin exporting to major auto markets globally.

China was GM's top sales market from 2010 to 2023, but the shifting dynamics caused the Detroit automaker and its joint-venture partners to restructure operations.

The automaker's earnings from China fell from around $2 billion annually in 2018 to two consecutive years of losses in 2024 and 2025. GM has reported $248 million in equity income through the first six months of this year following restructuring actions that cost the automaker $1.1 billion in special charges last year.

GM reports the joint venture has produced and delivered more than 20 million vehicles since it was established in China. 

Amgen Inc. (AMGN) Q2 2026 Earnings Call August 4, 2026 4:30 PM EDT

Company Participants

Casey Capparelli - Executive Director of Investor Relations
Robert Bradway - Chairman & CEO
Murdo Gordon - Executive Vice President of Global Markets and Policy
James Bradner - EVP of Research & Development, Artificial Intelligence and Data
Peter Griffith - Executive VP & CFO

Conference Call Participants

Dina Elmonshed - UBS Investment Bank, Research Division
Salveen Richter - Goldman Sachs Group, Inc., Research Division
Taylor Hanley - JPMorgan Chase & Co, Research Division
Umer Raffat - Evercore ISI Institutional Equities, Research Division
Yaron Werber - TD Cowen, Research Division
Edward Polglase - Bernstein Institutional Services LLC, Research Division
Manoj Eradath - Jefferies LLC, Research Division
Susan Chor - Wells Fargo Securities, LLC, Research Division
Alexandria Hammond - Wolfe Research, LLC
David Risinger - Leerink Partners LLC, Research Division
Jay Olson - Oppenheimer & Co. Inc., Research Division

Presentation

Operator

My name is Julianne, and I will be your conference facilitator today for the Amgen Q2 Earnings Conference Call.

[Operator Instructions]

I would now like to introduce Casey Capparelli, Vice President of Investor Relations. Mr. Capparelli, you may now begin.

Casey Capparelli
Executive Director of Investor Relations

Thank you, Julianne. Good afternoon, everyone, and welcome to our second quarter of 2026 earnings call. Bob Bradway will lead the call today and be followed by a broader review of our performance by Murdo Gordon, Jay Bradner and Peter Griffith. Through the course of our discussion today, we will use non-GAAP financial measures to describe our performance and have provided appropriate reconciliations within the materials that accompany this call.

We will also make some forward-looking statements, which are qualified by our safe harbor statement. And please note that actual results can vary materially. Over to you, Bob.

Robert Bradway
Chairman & CEO

Good afternoon, and thank you for joining us. Our strong

, /PRNewswire/ -- Banco Santander, S.A. ("Santander") and Webster Financial Corporation ("Webster") today announced that they have received the required approval from the Board of Governors of the Federal Reserve System for Santander's previously announced acquisition of Webster, the holding company for Webster Bank, N.A., a diversified U.S. retail and commercial bank. This follows the approval by the Office of the Comptroller of the Currency on June 12, 2026, and the authorization granted by the European Central Bank on July 21, 2026. The transaction is now expected to close on August 20, 2026.

Ana Botín, Executive Chair of Santander, said: "Santander US and Webster are a perfect match. Together, supported by Santander's global platforms, technology and expertise, we will create a stronger bank with the scale to better serve our customers and communities. This combination will strengthen our position in one of the world's most attractive banking markets and put us firmly on track to build one of the highest-performing banks among our U.S. peers."

Christiana Riley, CEO and President of Santander Holdings USA, Inc. ("Santander US"), said: "We are pleased to be one step closer to this important, strategic acquisition that will expand our scale and round out our U.S. business model. Bringing together these two highly complementary businesses, Santander will be well positioned to better serve our customers and clients, while helping local communities prosper. We are excited for this next chapter for Santander." 

John Ciulla, Chairman and CEO of Webster, said: "This is an exciting moment that will allow us to soon bring together our two great organizations to benefit our customers and communities. Santander's expanded scale, enhanced capabilities and financial strength will help us to deepen local relationships and build upon the trusted partnership that Webster customers have come to expect from us."

The transaction is expected to strengthen Santander's U.S. franchise and accelerate the delivery of its financial objectives. Once integrated, Santander expects its U.S. business to achieve a return on tangible equity (RoTE) of around 18% by 2028, while the transaction is expected to generate approximately 7–8% earnings per share accretion and an estimated 15% return on invested capital, all by 2028.

Upon closing, most Webster's businesses will become part of Santander Bank, N.A., Santander's banking franchise in the United States. Until the transaction closes, Santander and Webster will continue to operate independently. Customers do not need to take any action at this time, and accounts, products, and services will continue to operate as they do today. Any future changes will be communicated in advance of implementation.

Banco Santander (SAN SM) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group's activities are consolidated into five global businesses: Retail & Commercial Banking, Openbank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments. This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank's purpose is to help people and businesses prosper in a simple, personal and fair way. As of June 30, 2026, Banco Santander had €1.5 trillion in total funds, more than 182 million customers, 6,500 branches and 185,000 employees.

Webster Financial Corporation ("Webster") (NYSE:WBS) is the holding company for Webster Bank, N.A. ("Webster Bank"). Founded in 1935 and headquartered in Stamford, CT, Webster is a values-driven organization with more than $80 billion in total assets. Webster Bank is a commercial bank that provides a wide range of financial products and services to businesses, individuals, and families across three differentiated lines of business: Commercial Banking, Healthcare Financial Services, and Consumer Banking. While its core footprint spans the Northeast from the New York metropolitan area to Rhode Island and Massachusetts, certain businesses operate in extended geographies. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com

Media contacts
Banco Santander: [email protected]
Santander US: [email protected]
Webster: [email protected]

Important information
Non-IFRS and alternative performance measures

Banco Santander, S.A. ("Santander") cautions that this report may contain financial information prepared according to International Financial Reporting Standards (IFRS) and taken from our consolidated financial statements, as well as alternative performance measures (APMs) as defined in the Guidelines on Alternative Performance Measures issued by the European Securities and Markets Authority (ESMA) on 5 October 2015, and other non-IFRS measures. The financial measures referred to in this report that are considered APMs or non-IFRS measures were calculated with information from Grupo Santander; however, they are neither defined or detailed in the applicable financial reporting framework nor audited or reviewed by our auditors. We use the APMs and non-IFRS measures when planning, monitoring and evaluating our performance. We consider them to be useful metrics for our management and investors to compare operating performance between accounting periods.

Nonetheless, the APMs and non-IFRS measures are supplemental information; their purpose is not to substitute the IFRS measures. Furthermore, other companies, including some in our industry, may calculate or use APMs and non-IFRS measures differently, thus making them less useful for comparison purposes. APMs using environmental, social and governance labels have not been calculated in accordance with the Taxonomy Regulation or with the indicators for principal adverse impact in the Sustainable Finance Disclosure Regulation (SFDR; EU Reg. 2019/2088).

For more details on APMs and non-IFRS measures, please see the 2025 Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the SEC) on 27 February 2026 (https://www.santander.com/content/dam/santander-com/es/documentos/informacion-sobre-resultados-semestrales-y-anuales-suministrada-a-la-sec/2026/sec-2025-annual-20-f-2025-disponible-solo-en-ingles-es.pdf) as well as the section "Alternative performance measures" of Santander's 2025 Annual Report, which was published on 25 February 2026 (https://www.santander.com/content/dam/santander-com/en/documentos/informe-financiero-anual/2025/ifa-2025-consolidated-annual-financial-report-en.pdf),  except with respect to the information and the audited financial statements included therein and superseded by the information and the audited financial statements included in our Report on Form 6-K furnished to the SEC on April 1, 2026 relating to certain recast financial information as a result of certain changes to the presentation of the Group's financial information (https://www.santander.com/content/dam/santander-com/en/documentos/informacion-sobre-resultados-semestrales-y-anuales-suministrada-a-la-sec/2026/sec-recast-of-certain-financial-information-and-related-disclosure-for-the-three-years-ended-31-december-2025-en.pdf) as well as the section "Alternative performance measures" of our second quarter financial report, which was published on 22 July 2026 (https://www.santander.com/en/shareholders-and-investors/financial-and-economic-information/quarterly-results).

Forward-looking statements

Santander hereby warns that this report may contain 'forward-looking statements', as defined by the US Private Securities Litigation Reform Act of 1995. Such statements can be understood through words and expressions like 'expect', 'project', 'anticipate', 'should', 'intend', 'probability', 'risk', 'VaR', 'RoRAC', 'RoRWA', 'TNAV', 'target', 'goal', 'objective', 'estimate', 'future', 'ambition', 'aspiration', 'commitment', 'commit', 'focus', 'pledge' and similar expressions. They include (but are not limited to) statements on future business development, shareholder remuneration policy and non-financial information. However, various risks, uncertainties and other important factors may lead to developments and results that differ materially from those anticipated, expected, projected or assumed in forward-looking statements. The important factors below (and others mentioned in this report), as well as other unknown or unpredictable factors, could affect our future development and results and could lead to outcomes materially different from what our forward-looking statements anticipate, expect, project or assume:

general economic or industry conditions (e.g., an economic downturn; higher volatility in the capital markets; inflation; deflation; changes in demographics, consumer spending, investment or saving habits; and the effects of the armed conflicts in Ukraine, or the outbreak of public health emergencies in the global economy) in areas where we have significant operations or investments; exposure to operational risks, including cyberattacks, data breaches, data losses and other security incidents; exposure to market risks (e.g., risks from interest rates, foreign exchange rates, equity prices and new benchmark indices); potential losses from early loan repayment, collateral depreciation or counterparty risk; political instability in Spain, the UK, other European countries, Latin America and the US; changes in monetary, fiscal and immigration policies and trade tensions, including the imposition of tariffs and retaliatory responses; legislative, regulatory or tax changes (including regulatory capital and liquidity requirements) and greater regulation prompted by financial crises; acquisitions, integrations, divestitures and challenges arising from deviating management's resources and attention from other strategic opportunities and operational matters; reputational risk and potential adverse reactions of stakeholders, including adverse effects on the market price of our securities climate-related conditions, regulations, targets and weather events; uncertainty over the scope of actions that may be required by us, governments and other to achieve goals relating to climate, environmental and social matters, as well as the evolving nature of underlying science and potential conflicts and inconsistencies among governmental standards and regulations; our own decisions and actions, including those affecting or changing our practices, operations, priorities, strategies, policies or procedures; and changes affecting our access to liquidity and funding on acceptable terms, especially due to credit spread shifts or credit rating downgrade for the entire group or core subsidiaries. Additionally, Webster Financial Corporation's ("Webster") and Santander's actual results, financial condition and achievements may differ materially from those indicated in these forward-looking statements. Important factors that could cause Webster's and Santander's actual results, financial condition and achievements to differ materially from those indicated in such forward-looking statements include, in addition to those set forth in Webster's and Santander's filings with the SEC: (1) the risk that the cost savings, synergies and other benefits from the acquisition of Webster by Santander (the "Transaction") may not be fully realized or may take longer than anticipated to be realized, including as a result of changes in, or problems arising from, general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which Webster and Santander operate; (2) the failure of the closing conditions in the Transaction agreement by and among Webster, Santander and a wholly owned subsidiary of Webster providing for the Transaction to be satisfied, or any unexpected delay in closing the Transaction or the occurrence of any event, change or other circumstances that could delay the Transaction or could give rise to the termination of the Transaction agreement; (3) the outcome of any legal or regulatory proceedings or governmental inquiries or investigations that may be currently pending or later instituted against Webster, Santander or the combined company; (4) the possibility that the Transaction does not close when expected or at all because the remaining conditions to closing are not received or satisfied on a timely basis or at all; (5) disruption to the parties' businesses as a result of the announcement and pendency of the Transaction; (6) the costs associated with the anticipated length of time of the pendency of the Transaction, including the restrictions contained in the definitive Transaction agreement on the ability of Webster to operate its business outside the ordinary course during the pendency of the Transaction; (7) risks related to management and oversight of the expanded business and operations of the combined company following the closing of the proposed Transaction; (8) the risk that the integration of Webster's operations with Santander's will be materially delayed or will be more costly or difficult than expected or that the parties are otherwise unable to successfully integrate each party's businesses into the other's businesses; (9) the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (10) reputational risk and potential adverse reactions of Webster's or Santander's customers, employees, vendors, contractors or other business partners, including those resulting from the announcement or completion of the Transaction; (11) the dilution caused by Santander's issuance of additional ordinary shares and corresponding American depositary shares, each representing the right to receive one of its ordinary shares ("ADSs"), in connection with the Transaction; (12) the possibility that any announcements relating to the Transaction could have adverse effects on the market price of Webster's common stock and Santander's ordinary shares and ADSs; (13) a material adverse change in the condition of Webster or Santander; (14) the extent to which Webster's or Santander's businesses perform consistent with management's expectations; (15) Webster's and Santander's ability to take advantage of growth opportunities and implement targeted initiatives in the timeframe and on the terms currently expected; (16) the inability to sustain revenue and earnings growth; (17) the execution and efficacy of recent strategic investments; (18) the impact of macroeconomic factors, such as changes in general economic conditions and monetary and fiscal policy, particularly on interest rates; (19) changes in customer behavior; (20) unfavorable developments concerning credit quality; (21) declines in the businesses or industries of Webster's or Santander's customers; (22) the possibility that the combined company is subject to additional regulatory requirements as a result of the proposed Transaction or expansion of the combined company's business operations following the proposed Transaction; (23) general competitive, political and market conditions and other factors that may affect future returns of Webster and Santander, including changes in asset quality and credit risk; (24) security risks, including cybersecurity and data privacy risks, and capital markets; (25) inflation; (26) the impact, extent and timing of technological changes; (27) capital management activities; (28) competitive product and pricing pressures; (29) the outcomes of legal and regulatory proceedings and related financial services industry matters; and (30) compliance with regulatory requirements. Any forward-looking statement made in this communication is based solely on information currently available to us and speaks only as of the date on which it is made.

Forward looking statements are based on current expectations and future estimates about Santander's and third-parties' operations and businesses and address matters that are uncertain to varying degrees, including, but not limited to, developing standards that may change in the future; plans, projections, expectations, targets, objectives, strategies and goals relating to environmental, social, safety and governance performance, including expectations regarding future execution of Santander's and third parties' energy and climate strategies, and the underlying assumptions and estimated impacts on Santander's and third-parties' businesses related thereto; Santander's and third-parties' approach, plans and expectations in relation to carbon use and targeted reductions of emissions; changes in operations or investments under existing or future environmental laws and regulations; and changes in government regulations and regulatory requirements, including those related to climate-related initiatives.

Forward-looking statements are aspirational, should be regarded as indicative, preliminary and for illustrative purposes only, speak only as of the date of this report and are informed by the knowledge, information and views available on such date and are subject to change without notice. Santander is not required to update or revise any forward-looking statements, regardless of new information, future events or otherwise, except as required by applicable law.

No offer or solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the "Securities Act"). No investment activity should be undertaken on the basis of the information contained in this communication. By making this communication available, no advice or recommendation is being given to buy, sell or otherwise deal in any securities or investments whatsoever.

Past performance does not indicate future outcomes

Statements about historical performance or growth rates must not be construed as suggesting that future performance, share price or earnings (including earnings per share) will necessarily be the same or higher than in previous periods. Nothing mentioned in this report should be taken as a profit and loss forecast.

Third Party Information

Regarding the data provided by third parties, neither Santander, nor any of its directors, managers or employees, either explicitly or implicitly, guarantees that these contents are exact, accurate, comprehensive or complete, nor are they obliged to keep them updated, nor to correct them in the case that any deficiency, error or omission were to be detected. Moreover, in reproducing these contents in by any means, Santander may introduce any changes it deems suitable, and may omit, partially or completely, any of the elements of this report, and in case of any deviation, Santander assumes no liability for any discrepancy.

SOURCE Banco Santander

Intapp (INTA - Free Report) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +13.89%. A quarter ago, it was expected that this software developer would post earnings of $0.28 per share when it actually produced earnings of $0.29, delivering a surprise of +3.57%.

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

Intapp, which belongs to the Zacks Internet - Software industry, posted revenues of $152.53 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.83%. This compares to year-ago revenues of $135.04 million. The company has topped consensus revenue estimates four times over the last four quarters.

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

Intapp shares have lost about 27.1% since the beginning of the year versus the S&P 500's gain of 11%.

What's Next for Intapp?While Intapp 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 Intapp was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.34 on $157.66 million in revenues for the coming quarter and $1.58 on $656.81 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, Internet - Software 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.

Another stock from the same industry, Riskified (RSKD - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 12.

This provider of fraud-prevention services is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of +50%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Riskified's revenues are expected to be $88 million, up 8.6% from the year-ago quarter.

Teradata (TDC - Free Report) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +25.46%. A quarter ago, it was expected that this data management company would post earnings of $0.77 per share when it actually produced earnings of $0.88, delivering a surprise of +14.29%.

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

Teradata, which belongs to the Zacks Computer- Storage Devices industry, posted revenues of $410 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.91%. This compares to year-ago revenues of $408 million. The company has topped consensus revenue estimates four times over the last four quarters.

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

Teradata shares have added about 5.4% since the beginning of the year versus the S&P 500's gain of 11%.

What's Next for Teradata?While Teradata 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 Teradata 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 $0.63 on $400.96 million in revenues for the coming quarter and $2.65 on $1.65 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer- Storage Devices is currently in the top 10% 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.

Sandisk Corporation (SNDK - 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 5.

This company is expected to post quarterly earnings of $34.24 per share in its upcoming report, which represents a year-over-year change of +11706.9%. The consensus EPS estimate for the quarter has been revised 5.2% higher over the last 30 days to the current level.

Sandisk Corporation's revenues are expected to be $8.3 billion, up 336.6% from the year-ago quarter.

Paylocity (PCTY - Free Report) came out with quarterly earnings of $1.84 per share, beating the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $1.56 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +19.48%. A quarter ago, it was expected that this provider of cloud-based payroll and human-resources software services would post earnings of $2.43 per share when it actually produced earnings of $2.89, delivering a surprise of +18.93%.

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

Paylocity, which belongs to the Zacks Internet - Software industry, posted revenues of $444.73 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.18%. This compares to year-ago revenues of $400.74 million. The company has topped consensus revenue estimates four times over the last four quarters.

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

Paylocity shares have lost about 8.4% since the beginning of the year versus the S&P 500's gain of 11%.

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

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.83 on $435.41 million in revenues for the coming quarter and $8.57 on $1.89 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the 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.

One other stock from the same industry, VERRA MOBILITY CORP (VRRM - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.

This company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of -2.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

VERRA MOBILITY CORP's revenues are expected to be $253.62 million, up 7.5% from the year-ago quarter.

OpenAI's Restructuring Sets up What Could Be the Biggest IPO EverMattel NASDAQ: MAT reported second-quarter 2026 net sales growth of 10% on a reported basis and 9% in constant currency, supported by double-digit growth in North America, vehicles, games, action figures and digital gaming. The company reiterated its full-year outlook, while noting that higher advertising, strategic investments, tariffs and other costs reduced quarterly profitability.

Chairman and Chief Executive Officer Ynon Kreiz said the company continued to execute its strategy to expand its intellectual-property-driven play and family entertainment business across toys, digital games and film. He said sales growth had continued into the third quarter and that point-of-sale trends remained positive year to date.

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Sales Growth Led by Vehicles, Games and Action Figures Are Tariffs Threatening Disney’s Comeback Story?Gross billings rose 12% in North America, 7% in EMEA and 4% in Asia Pacific, while Latin America was comparable with the prior-year period. Chief Financial Officer Paul Ruh said the U.S. shift in retailer ordering patterns, which had affected gross billings for four consecutive quarters, had “largely stabilized.” Retailer inventories declined by a low double-digit percentage from a year earlier.

Hot Wheels gross billings increased 12%, driven by children and adult collectors. Kreiz said Mattel was the global leader in dolls, vehicles and infant, toddler and preschool categories and gained share in vehicles and action figures, citing Circana data.

How a New Agriculture Boom Could Propel FMC Stock HigherChallenger categories grew, led by games, including UNO and the contribution from Mattel163, as well as action figures tied to Toy Story 5 and Masters of the Universe. Mattel completed its acquisition of the remaining 50% interest in Mattel163 during the first quarter. Ruh said Mattel163 contributed nearly $49 million in revenue and about $14 million in adjusted operating income during the second quarter.

President, Chief Marketing and Brand Officer Roberto Stanichi said action figures also benefited from WWE and early shipments connected to Mattel’s DC partnership. He said Mattel was the No. 1 action-figure manufacturer in June, according to Circana.

Dolls declined, primarily reflecting lower Barbie streaming-content revenue and weakness in Polly Pocket. Growth in K-pop Demon Hunters and Disney Princess and Frozen partly offset those declines. The infant, toddler and preschool segment also declined, largely due to Fisher-Price, although Little People posted high-double-digit growth supported by partnerships including Nintendo.

Barbie Recovery Plan and Entertainment Initiatives Mattel expects Barbie trends to improve during the second half of 2026 and forecasts that the brand will return to growth in 2027. Stanichi said the company plans to increase Barbie content, including a new Barbie Nutcracker animated special for the holiday season, the rerelease of seven classic animated specials on YouTube, a new Barbie Dreamhouse and updated product packaging.

For 2027, Mattel plans another animated special, the rerelease of six additional classic Barbie animated movies, enhanced fashion and accessory offerings, and additional adult-fan partnerships and collections, Stanichi said.

Mattel also highlighted progress in digital gaming. It launched its first self-published mobile game based on Masters of the Universe and has placed UNO Wild into soft launch. Kreiz said UNO Wild has met its production milestones and is expected to receive a global commercial launch in early 2027. Ruh said Mattel intends to deploy most of its planned $40 million in digital performance-marketing investment when UNO Wild launches commercially next year, rather than during 2026.

On the film side, Kreiz said Masters of the Universe recently became available on Amazon Prime Video after its theatrical release. He said it ranked as Prime Video’s No. 1 film globally in its first week and the most-watched movie across U.S. streaming platforms. Gross billings for the Masters of the Universe franchise have more than tripled year to date, according to the company. Mattel’s next film, Matchbox, is scheduled to debut Oct. 9 on Apple TV.

Margins Decline as Investment Spending Rises Adjusted gross margin was 48.6% in the quarter. Ruh said the year-over-year decline reflected 170 basis points of gross incremental tariff costs, 120 basis points of inflation, 110 basis points from higher royalties and 60 basis points of unfavorable foreign exchange. Those impacts were partly offset by 120 basis points from Mattel163 and 80 basis points from other factors, including tariff-mitigation actions and cost savings.

Advertising expense increased $45 million to $124 million, including expenses tied to Mattel163, brand marketing, consumer engagement initiatives and theatrical releases. Adjusted selling, general and administrative expense rose $38 million to $384 million, primarily due to strategic investments and Mattel163-related costs.

Adjusted operating income fell to $39 million from $96 million a year earlier. Adjusted EBITDA declined to $95 million from $117 million. Adjusted earnings per share was $0.01, compared with $0.21 in the prior-year period. Trailing 12-month free cash flow was $435 million, down from $530 million. Mattel repurchased $100 million of stock in the quarter, bringing year-to-date repurchases to $300 million. Ruh said the company remains on track to repurchase $400 million in shares for the full year. Since resuming repurchases in 2023, Mattel has bought back $1.5 billion of shares, reducing shares outstanding by approximately 23%.

Full-Year Outlook Reaffirmed Mattel reiterated its 2026 guidance for constant-currency net sales growth of 3% to 6%, adjusted gross margin of about 50%, adjusted operating income of $580 million to $630 million, and adjusted earnings per share of $1.27 to $1.39.

The company expects strong growth in vehicles and challenger categories combined, comparable performance in dolls and a decline in infant, toddler and preschool. Ruh said gross margin should improve in the second half, aided by Mattel163, cost savings and an expectation that the heavy promotional activity seen late in 2025 will not recur.

Mattel’s outlook does not include a material benefit from possible tariff refunds. Ruh said the company is working through the refund process but that the timing and amount remain uncertain.

Looking ahead to 2027, Kreiz said the company expects mid- to high-single-digit top-line growth and strong double-digit bottom-line growth, citing anticipated Barbie growth, continued vehicle momentum, expanded partner-IP offerings, digital games and a full year of initiatives including DC, Teenage Mutant Ninja Turtles and Frozen 3.

About Mattel (NASDAQ:MAT)Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.

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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ONE Gas (OGS - Free Report) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +26.15%. A quarter ago, it was expected that this natural gas distribution would post earnings of $2.13 per share when it actually produced earnings of $2.11, delivering a surprise of -0.94%.

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

ONE Gas, which belongs to the Zacks Utility - Gas Distribution industry, posted revenues of $411.64 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 6.49%. This compares to year-ago revenues of $423.74 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.

ONE Gas shares have added about 1.5% since the beginning of the year versus the S&P 500's gain of 11%.

What's Next for ONE Gas?While ONE Gas 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 ONE Gas 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 $0.50 on $405.46 million in revenues for the coming quarter and $4.88 on $2.4 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Gas Distribution is currently in the bottom 29% 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.

Southwest Gas (SWX - 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 5.

This natural gas company is expected to post quarterly earnings of $0.47 per share in its upcoming report, which represents a year-over-year change of -11.3%. The consensus EPS estimate for the quarter has been revised 3% higher over the last 30 days to the current level.

Southwest Gas' revenues are expected to be $406.58 million, down 63.7% from the year-ago quarter.