For Immediate ReleaseChicago, IL – June 25, 2026 – Today, Zacks Equity Research O’Reilly Automotive (ORLY - Free Report) and Advance Auto Parts (AAP - Free Report) .
The Zacks Automotive - Retail and Wholesale - Parts industry is navigating a tough environment. High interest rates continue to put pressure on dealer margins and consumer spending. Energy cost volatility, despite easing somewhat following the reopening of the Strait of Hormuz, keeps logistics and distribution expenses elevated.
Supply chain constraints mean inventory restocking will remain a gradual, uneven process in the near term. However, a key structural tailwind partly offsetting these challenges is the rising average U.S. vehicle age, which keeps demand for maintenance and replacement parts resilient. Two industry players, O’Reilly Automotive and Advance Auto Parts, are worth considering despite the overall subdued outlook.
About the IndustryThe Zacks Automotive - Retail and Wholesale - Parts industry players execute several functions. These include retailing, distribution and installation of vehicle parts, equipment and accessories. Vehicle parts and accessories include seat covers, antifreeze, engine additives, wiper blades, batteries, brake system components, belts, chassis parts, driveline parts, engine parts and fuel pumps. Consumers have two options. They can either opt for repairing vehicles on their own (the ‘do-it-yourself’ or ‘DIY’ segment) or take the assistance of a professional repair facility (the "do-it-for-me" or "DIFM" segment). The industry is highly competitive and undergoing a radical change, with evolving customer expectations and technological innovation acting as game changers.
Key Investing ThemesInterest Rates & Financing Costs: Interest rate relief remains unlikely in the near term, with further hikes still possible if inflation persists. For auto retail parts businesses, this translates into elevated borrowing costs for both dealers financing inventory and consumers purchasing vehicles or parts on credit. High financing rates compress margins and slow down discretionary spending on non-essential parts and accessories, forcing the industry to operate lean while managing tighter cash flow constraints across the supply chain.
Energy Prices & Inflation: The recent deal to reopen the Strait of Hormuz has resumed oil tanker movement, signaling that the peak of energy-driven inflation may be passing. Gas prices have fallen notably from May highs, offering some consumer relief. However, risk premiums on regional tanker traffic are unlikely to vanish quickly, keeping energy costs elevated. For parts retailers, this affects logistics, shipping, and distribution expenses, which remain a persistent pressure point on overall operational costs.
Inventory Restocking Challenges: Depleted inventories across the auto parts supply chain will take months to fully replenish. Even as energy and supply conditions gradually stabilize, the pipeline for restocking remains slow and uneven. Parts retailers face the dual challenge of meeting current demand while managing the cost and timing of incoming stock. Delays in replenishment can lead to lost sales, customer dissatisfaction, and increased pressure on parts retailers to source from costlier alternative suppliers.
Aging Vehicle Fleet Supports Demand: With the average U.S. vehicle age hitting a record 12.8 years, demand for maintenance and replacement parts has never been more reliable. Older vehicles require more frequent repairs and part replacements, directly benefiting the aftermarket industry. Additionally, consumers are increasingly holding onto their existing vehicles longer rather than purchasing new ones — a trend amplified by high car prices and tight credit conditions. This sustained behavioral shift provides a strong and consistent tailwind for auto parts retailers and repair shops, helping offset broader industry headwinds.
Zacks Industry Rank Signals Lackluster ProspectsThe Zacks Auto Retail & Wholesale Parts industry is within the broader Zacks Auto-Tires-Trucks sector. The industry currently carries a Zacks Industry Rank #180, which places it in the bottom 27% of roughly 245 Zacks industries.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates dull near-term prospects. 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.
The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are getting pessimistic about this group’s earnings growth potential. Over the past year, the industry's earnings estimate for 2026 has declined 10%.
Before we present a few stocks that could still be on your watchlist, let’s take a look at the industry’s shareholder returns and current valuation first.
Industry Lags Sector and S&P 500The Zacks Auto Retail and Wholesale Parts industry has underperformed the Auto, Tires and Truck sector and the Zacks S&P 500 composite over the past year. The industry has declined 9% over this period against the sector and S&P 500’s growth of 21% and 27%, respectively.
Industry's Current ValuationSince automotive companies are debt-laden, it makes sense to value them based on the Enterprise Value/ Earnings before Interest, Tax, Depreciation and Amortization (EV/EBITDA) ratio.
Based on the trailing 12-month enterprise value to EBITDA (EV/EBITDA), the industry is currently trading at 22.87X compared with the S&P 500’s 18.49X and the sector’s 27.8X.
Over the past five years, the industry has traded as high as 32.64X and as low as 22.15X, with the median being 26.22X.
2 Stocks to Watch NowO'Reilly is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company continues to expand its footprint aggressively, targeting 225-235 net new store openings in 2026 after adding 59 net new stores during the first quarter across the United States, Mexico and Canada. O’Reilly’s business remains resilient, with the company delivering record revenues for 33 consecutive years.
Management reaffirmed its 2026 comparable-store sales growth outlook of 3-5%, signaling confidence in continued demand and execution. O’Reilly also remains committed to shareholder returns through substantial share repurchases. In the first quarter, O’Reilly bought back 10 million shares for $923 million and repurchased an additional 3.6 million shares for $338 million through April 29, leaving roughly $1.14 billion available under its existing authorization.
O’Reilly currently carries a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for its 2026 and 2027 EPS implies year-over-year growth of 9% and 11%, respectively. The consensus mark for the current and next year has moved north by 4 cents and 6 cents, respectively, over the past 60 days. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Advance Auto primarily sells replacement parts, batteries, accessories, and maintenance products for a broad range of vehicles. Following the completion of its store footprint optimization program in 2025, the company has shifted its focus toward growth in markets where it already enjoys strong store density. Management plans to open 40-45 new stores in 2026 while expanding its distribution network to improve product availability and delivery speed.
Advance Auto is also pursuing supply chain consolidation and implementing a new operating model designed to enhance efficiency and strengthen service levels, particularly for professional customers. These initiatives are expected to support a return to growth, with management projecting 1-2% sales growth in 2026. Profitability is also anticipated to improve, with adjusted operating margins expected to reach 3.8%-4.5% this year and expand further in 2027.
Advance Auto currently carries a Zacks Rank #3. The Zacks Consensus Estimate for its 2026 and 2027 EPS implies year-over-year growth of 30% and 34%, respectively. The consensus mark for the current and next year has moved north by 10 cents and 3 cents, respectively, over the past 30 days.
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Copart remains a compelling anti-AI diversification play with defensive qualities despite a 31% stock decline versus the benchmark's 9% gain. I appreciate CPRT's low-leverage capital structure and high-margin business model, supporting steady, if slower, bottom-line growth. The expanding auto salvage and dismantling market, projected to grow at a 6% CAGR to $118B by 2034, provides a durable tailwind for CPRT.
Subsea horizontal tree systems engineered to support reliable, optimized production in remote, ultra-deepwater environments Agreement expands Baker Hughes’ offshore operations in Angola, reinforcing its global subsea tree position HOUSTON and LONDON, June 25, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday a significant award from Azule Energy to provide subsea production systems to support safe, efficient operations in Angola’s Greater PAJ development.
Under the agreement, Baker Hughes will supply its deepwater horizontal tree systems to optimize production in the ultra-deepwater, greenfield development. In addition, the company will supply subsea control modules and intervention workover control systems, along with associated connection, distribution and topside equipment. Baker Hughes will also provide integrated tooling and services to support installation, commissioning and ongoing production performance from its facilities in Angola, leveraging its local supply chain to increase efficiencies.
“Ultra-deepwater developments demand unmatched reliability and performance to ensure that production is safe, efficient and sustained over the life of the field,” said Baker Hughes Executive Vice President of Oilfield Services & Equipment Amerino Gatti. “By combining Baker Hughes’ industry-leading offshore production technology with expertise honed through decades of experience of operating Angola’s deepwater fields, we can help Azule optimize production and deliver energy more effectively across Sub-Saharan Africa.”
The company’s deepwater horizontal tree systems are engineered for ultra-deepwater environments with an operating threshold of up to 10,000 psi and depths of 10,000 feet. The system’s modular, configurable design allows for fit-for-purpose configuration and short-cycle deliveries that help accelerate first production and support long-term field performance.
Baker Hughes has extensive experience in Angola’s offshore energy sector, and the country is home to its largest subsea installed base in Sub-Saharan Africa.
Delivery of subsea trees is expected to begin in 2027.
About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
SummaryMatson earns a buy rating due to its niche Pacific routes, premium China service, and resilient earnings profile versus commodity shippers.MATX's expedited China service is positioned for growth as e-commerce and US-China trade flows demand speed and reliability beyond generic ocean shipping.The balance sheet and Capital Construction Fund fully cover upcoming vessel payments, making the current $550–$570 million capex cycle manageable.At ~13x NTM P/E, MATX's valuation is undemanding; new vessels and China demand could drive EPS growth and potential multiple expansion toward 17.5x. quantic69/iStock via Getty Images
Investment Action My view is a buy rating for Matson, Inc. (MATX) because MATX is not a normal shipping-cycle story. It has protected domestic routes, a differentiated China service that customers use for speed and reliability, a
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Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
ALISO VIEJO, Calif.--(BUSINESS WIRE)--Glaukos Corporation (NYSE: GKOS), an ophthalmic pharmaceutical and medical technology company focused on novel therapies for the treatment of glaucoma, corneal disorders, and retinal diseases, today announced completion of patient enrollment in its Phase 2 clinical study evaluating GLK-321 for the treatment of Demodex blepharitis. GLK-321 is an investigational drug candidate using Glaukos' proprietary iLution platform, a novel ophthalmic drug-delivery syste.
AUSTIN, Texas & IRVINE, Calif.--(BUSINESS WIRE)--Natera, Inc. (Nasdaq: NTRA), a global leader in cell-free DNA and precision medicine, and Eledon Pharmaceuticals, Inc. (Nasdaq: ELDN), a clinical stage biotechnology company developing immune-modulating therapies for the management and treatment of life-threatening conditions, today announced a strategic partnership to incorporate Natera's Prospera kidney transplant assessment test into Eledon's planned Phase 3 clinical trial of tegoprubart, an in.
Collaboration with Fear Free and Zomedica reinforces Assisi Loop tPEMF™ therapy as a low-stress option for pets.
ANN ARBOR, MI / ACCESS Newswire / June 25, 2026 / Zomedica Corp. (OTCQB:ZOMDF) ("Zomedica" or the "Company"), an animal health company offering innovative point-of-care diagnostic and therapeutic products for equine and companion animals, today announced the renewal of the alliance between the Assisi® brand and Fear Free, the initiative dedicated to preventing and alleviating fear, anxiety, and stress (FAS) in pets.
The renewed agreement reinforces a shared commitment to improving the emotional and physical wellbeing of companion animals by integrating innovative therapies with Fear Free's science-based approach to low-stress handling and care.
"Renewing our partnership with Fear Free reflects our continued dedication to transforming the veterinary experience for pets, pet parents, and veterinary professionals," said Mialisa Gluckert, Senior Director of Product Commercialization at Zomedica. "With the Assisi devices, we are helping practices and pet owners adopt solutions that reduce stress while improving clinical outcomes."
Through this collaboration, Zomedica and Fear Free will continue to:
Educate veterinary professionals on incorporating stress-reducing protocols alongside therapeutic technologies
Expand awareness of non-invasive treatment options, including tPEMF therapy, for pain and inflammation management
Support pet parents with products that promote calmer, more positive care experiences for their animals
The Fear Free certification programs and educational resources have transformed how veterinary teams approach patient care by prioritizing emotional wellbeing. The Assisi therapeutic devices, including the Assisi Loop®,Assisi EquiLoop®, DentaLoop®, Loop Lounge®, and Calmer Canine® products complement these efforts by offering drug-free solutions that can be administered comfortably in low-stress environments.
"Fear Free is committed to reducing Fear, Anxiety, and Stress (FAS) and improving the wellbeing of pets through emotionally considerate care. We are excited to continue our alliance with Zomedica and support solutions that can be incorporated into a lower-stress care experience," said Natalie Gruchow, Corporate Programs & Product Specialists at Fear Free.
The renewal underscores both organizations' ongoing mission to raise the standard of care within veterinary medicine while strengthening the human-animal bond.
For more information about the Assisi line of products, visit: https://zomedica.com/our-brands/assisi/
About Zomedica
Zomedica is a leading equine and companion animal healthcare company dedicated to improving animal health by providing veterinarians with innovative therapeutic and diagnostic solutions. Our gold standard PulseVet® shock wave system, which accelerates healing in musculoskeletal conditions, has transformed veterinary therapeutics. Our suite of products also includes the Assisi Loop® line of therapeutic devices and the TRUFORMA® diagnostic platform, the TRUVIEW® digital cytology system, the VetGuardian PLUS™ Zero TouchTM monitoring system and VETIGEL® hemostatic gel, all designed to empower veterinarians to provide top-tier care. In the aggregate, their total addressable market in the U.S. exceeds $2 billion. Headquartered in Michigan, Zomedica employs approximately 150 people and manufactures and distributes its products from its world-class facilities in Georgia and Minnesota. Zomedica grew revenue 17% in 2025 to $32 million and maintains a strong balance sheet with approximately $48 million in liquidity as of March 31, 2026. Zomedica is advancing its product offerings, leveraging strategic acquisitions, and expanding internationally as we work to enhance the quality of care for pets, increase pet parent satisfaction, and improve the workflow, cash flow and profitability of veterinary practices. For more information visit www.zomedica.com.
About Fear Free
Founded in 2016, Fear Free is a recognized leader in improving the emotional wellbeing of animals by educating and empowering those who care for them to help prevent and alleviate Fear, Anxiety, and Stress (FAS). Through continuing education, certification programs, and practical tools, Fear Free supports veterinary teams, pet care providers, and pet caregivers worldwide in delivering compassionate care. With a growing global community, Fear Free continues to expand its impact on how care is delivered. Learn more at fearfree.com.
Except for statements of historical fact, this news release contains certain "forward-looking information" or "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur and include statements relating to our expectations regarding future results. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance, or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made, including assumptions with respect to economic growth, demand for the Company's products, the Company's ability to produce and sell its products, sufficiency of our budgeted capital and operating expenditures, the satisfaction by our strategic partners of their obligations under our commercial agreements and our ability to realize upon our business plans and cost control efforts.
Our forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether demand for development services will continue; the outcome of clinical studies; the application of generally accepted accounting principles, which are highly complex and involve many subjective assumptions, estimates, and judgments; uncertainty as to whether our strategies and business plans will yield the expected benefits; uncertainty as to the timing and results of development work and verification and validation studies; uncertainty as to the timing and results of commercialization efforts, including international efforts, as well as the cost of commercialization efforts, including the cost to develop an internal sales force and manage our growth; uncertainty as to our ability to realize the anticipated growth opportunities from our acquisitions; uncertainty as to our ability to supply products in response to customer demand; supply chain risks associated with tariff changes; uncertainty as to the likelihood and timing of any required regulatory approvals, and the availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; veterinary acceptance of our products and purchase of consumables following adoption of our capital equipment; competition from related products; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; our ability to secure and maintain strategic relationships; performance by our strategic partners of their obligations under our commercial agreements, including product manufacturing obligations; risks pertaining to permits and licensing, intellectual property infringement risks, risks relating to any required clinical trials and regulatory approvals, risks relating to the safety and efficacy of our products, the use of our products, intellectual property protection, and the other risk factors disclosed in our filings with the SEC and under our profile on SEDAR+ at www.sedarplus.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
-- Motorhome RV Sales, Profit Dollars and Profit Margins Improved Meaningfully Year Over Year --
-- Winnebago Towables Improved Share Results Through Product Refreshes and Execution --
— Barletta Continues to Expand Share of U.S. Aluminum Pontoon Market --
-- Company Updates Fiscal 2026 Guidance --
EDEN PRAIRIE, Minn., June 25, 2026 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading manufacturer of outdoor recreation products, today reported financial results for the Fiscal 2026 third quarter ended May 30, 2026.
Third Quarter Fiscal 2026 Financial Summary
Net revenues of $698.7 million compared to $775.1 million in the third quarter of Fiscal 2025Gross profit of $94.9 million, representing 13.6% gross margin, compared to $106.0 million in the third quarter of Fiscal 2025Net income of $14.5 million, or $0.51 per diluted share; adjusted earnings per diluted share of $0.66 compared to adjusted earnings per diluted share of $0.81 in the third quarter of Fiscal 2025Adjusted EBITDA of $37.8 million, representing 5.4% adjusted EBITDA margin CEO Commentary
“Our teams continue to execute in a retail environment that remained challenging through the third quarter,” said President and Chief Executive Officer Michael Happe. “Industry retail demand was pressured by broader macro factors, including elevated fuel costs, geopolitical uncertainty, and weak consumer confidence which continued to drive cautious dealer ordering and tighter inventory management across the channel. In response, we stayed disciplined, aligning production closely with retail while continuing to advance our key product, operational and cost initiatives.
“We're seeing a mixed demand environment across the portfolio. In Motorhome RV, sales, profitability and market presence continue to improve, supported by sustained performance at Grand Design Motorized and solid execution at Newmar. New product introductions, expanding brand presence and improved profitability continue to strengthen our standing in the segment. In Towables RV, category demand remained muted during the quarter, particularly at higher price points where competitive and promotional activity remained elevated. At the same time, our newer, more accessible offerings such as Thrive and Access contributed to improved retail dollar share and stronger year-over-year financial performance within our Winnebago-branded portfolio. These results reflect both dealer commitment to our strategy and the positive reception to our refreshed product lineup.
In Marine, Barletta continues to perform well, maintaining consistent market share gains, reaching 9.3% on a trailing twelve-month basis through April, despite softer volumes in the quarter. This performance reflects continued consumer interest in its premium pontoons and an expanding product lineup, including the recent Sanza introduction.
“We delivered solid SG&A improvement year-over-year, while continuing to invest in Grand Design Motorized, and advancing footprint rationalization and capacity alignment actions within our RV businesses. While industry retail pressure in the quarter slowed the pace of improvement in field inventory turns, our focus remains on driving sustainable progress, which will require continued discipline around shipments and production.
"One of the most encouraging aspects of our performance this quarter was the stability of our gross margins despite a challenging retail environment, reflecting the strength of our product mix, pricing discipline and operational execution. We have remained focused on profitable market share, while our higher average selling prices continue to support a more resilient retail dollar share position. We are executing against the levers we control including product, brand, cost structure, and inventory discipline, positioning the business to deliver improved performance as conditions evolve.”
Third Quarter Fiscal 2026 Results
Net revenues were $698.7 million, a decrease of 9.9% compared to $775.1 million in the third quarter of Fiscal 2025, driven primarily by lower unit volume, partially offset by selective price adjustments and product mix. Unit volume trends reflected growth in the Motorhome RV segment, partially offset by declines in the Towable RV and Marine segments, as dealer ordering remained measured and production levels were closely aligned to retail demand.
Gross profit was $94.9 million, a decrease of 10.5% compared to $106.0 million in the third quarter of Fiscal 2025. Gross profit margin was consistent with prior year as higher input costs and deleverage were largely offset by selective price adjustments.
Selling, general and administrative expenses were $66.5 million, a decrease of 5.4% compared to $70.3 million in the third quarter of Fiscal 2025, primarily due to cost reduction initiatives.
Operating income was $23.0 million, a decrease of 23.9% compared to $30.2 million in the third quarter of Fiscal 2025.
Net income was $14.5 million, compared to $17.6 million in the third quarter of Fiscal 2025. Reported earnings per diluted share was $0.51, compared to $0.62 in the third quarter of Fiscal 2025. Adjusted earnings per diluted share was $0.66, a decrease of 18.5% compared to $0.81 in the third quarter of Fiscal 2025.
Consolidated Adjusted EBITDA was $37.8 million, a decrease of 18.7%, compared to $46.5 million in the third quarter of Fiscal 2025.
Third Quarter Fiscal 2026 Segments Summary
Towable RV
Three Months Ended ($, in millions)May 30, 2026 May 31, 2025 Change(1) Net revenues$274.7 $371.7 (26.1)%Operating income$16.0 $29.7 (46.3)%Operating income margin 5.8 % 8.0 % (220)bps (1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.
Net revenues decreased primarily due to lower unit volume and a shift in product mix toward lower price-point models, partially offset by selective price adjustments.Operating income margin decreased primarily due to higher input costs, volume deleverage, and product mix, partially offset by selective price adjustments and cost containment initiatives. Motorhome RV
Three Months Ended($, in millions)May 30, 2026 May 31, 2025 Change(1)Net revenues$320.7 $291.2 10.1%Operating income (loss)$9.6 $(3.2) NMOperating income margin 3.0 % (1.1)% 410bps (1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.
NM: Not meaningful.
Net revenues increased primarily due to higher unit volume and selective price adjustments.Operating income margin increased primarily due to higher unit volume driven by new products and selective price adjustments, partially offset by higher input costs. Marine
Three Months Ended
($, in millions)May 30, 2026 May 31, 2025 Change(1)
Net revenues$92.4 $100.7 (8.3)%Operating income$5.3 $9.4 (43.4)%Operating income margin 5.8% 9.3% (350)bps (1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.
Net revenues decreased primarily due to lower unit volume and product mix, partially offset by selective price adjustments.Operating income decreased primarily due to higher input costs and volume deleverage, partially offset by selective price adjustments. Balance Sheet and Cash Flow
As of May 30, 2026, cash and cash equivalents totaled $57.1 million. The Company had total outstanding debt of $442.9 million ($450.0 million of debt, net of debt issuance costs of $7.1 million) and working capital of $411.6 million. Cash flow provided by operating activities during the nine months ended May 30, 2026 was $26.2 million compared to cash flow used in operating activities of $52.5 million during the same period last year. Operating cash flow improved by $78.7 million year over year, shifting from a use of cash in the prior-year period to a source of cash in the current year.
Quarterly Cash Dividend
On May 15, 2026, the Company’s Board of Directors approved a quarterly cash dividend of $0.35 per share payable on June 24, 2026, to common stockholders of record at the close of business on June 10, 2026.
Outlook
For calendar year 2026, Winnebago Industries now expects North American RV wholesale shipments in the range of 290,000 to 310,000 units. Based on this outlook, the current business environment, and results through the first nine months of the fiscal year, Winnebago Industries is updating its Fiscal 2026 revenue and EPS guidance as follows:
Consolidated net revenues in the range of $2.65 billion to $2.75 billion;Reported earnings per diluted share in the range of $1.05 to $1.40 compared to the Company's prior expectations for reported earnings per diluted share in the range of $1.50 to $2.20; andAdjusted earnings per diluted share guidance in the range of $1.65 to $2.00(1) compared to a prior range of $2.10 to $2.80. The Company’s outlook takes into account prevailing trends in the RV sector, including the impacts from current policy and trade environment, competitive dynamics, shifts in consumer preferences, and key macroeconomic factors that may influence overall demand.
“Our outlook reflects a measured view of the environment,” Happe said. “We expect demand conditions to remain challenged in the near term, with continued variability across segments. The actions we are taking across our portfolio, cost structure and product roadmap position us to manage through the cycle and improve the earnings profile of the business over time, including further operational and capacity initiatives expected to begin benefiting performance as we move through fiscal 2027.”
Q3 FY 2026 Conference Call
Winnebago Industries, Inc. will discuss third quarter of Fiscal 2026 earnings results during a conference call scheduled for 9:00 a.m. Central Time today. Members of the news media, investors and the general public are invited to access a live broadcast of the conference call and view the accompanying presentation slides via the Investor Relations page of the Company's website at http://investor.wgo.net. The event will be archived and available for replay for the next 90 days.
About Winnebago Industries
Winnebago Industries, Inc. is a leading North American manufacturer of outdoor recreation products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds high-quality motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons, and commercial community outreach vehicles. Committed to advancing sustainable innovation and leveraging vertical integration in key component areas, Winnebago Industries has multiple facilities in Iowa, Indiana, Minnesota and Florida. The Company’s common stock is listed on the New York Stock Exchange and traded under the symbol WGO. For access to Winnebago Industries' investor relations material or to add your name to an automatic email list for Company news releases, visit http://investor.wgo.net.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including the business outlook and financial guidance for Fiscal 2026. Investors are cautioned that forward-looking statements are inherently uncertain and involve potential risks and uncertainties. A number of factors could cause actual results to differ materially from these statements, including, but not limited to general economic uncertainty in key markets and a worsening of domestic and global economic conditions or low levels of economic growth; availability of financing for RV and marine dealers and retail purchasers; competition and new product introductions by competitors; ability to innovate and commercialize new products; ability to manage our inventory to meet demand; risk related to cyclicality and seasonality of our business; risk related to independent dealers; risk related to dealer consolidation or the loss of a significant dealer; significant increase in repurchase obligations; ability to retain relationships with our suppliers and obtain components; business or production disruptions; inadequate management of dealer inventory levels; increased material and component costs, including availability and price of fuel and other raw materials; ability to integrate mergers and acquisitions; ability to attract and retain qualified personnel and changes in market compensation rates; exposure to warranty claims and product recalls; ability to protect our information technology systems from data security, cyberattacks, and network disruption risks and the ability to successfully upgrade and evolve our information technology systems; ability to retain brand reputation and related exposure to product liability claims; governmental regulation, including for climate change; increased attention to environmental, social, and governance matters, and our ability to meet our commitments; impairment of goodwill and trade names; risks related to our 2030 Convertible Notes and Senior Secured Notes, including our ability to satisfy our obligations under these notes; and changes in recommendations or a withdrawal of coverage by third party securities analysts. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from that projected or suggested is contained in the Company's filings with the Securities and Exchange Commission ("SEC") over the last 12 months, copies of which are available from the SEC or from the Company upon request. We caution that the foregoing list of important factors is not complete. The Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this release or to reflect any changes in the Company's expectations after the date of this release or any change in events, conditions or circumstances on which any statement is based, except as required by law.
Winnebago Industries, Inc.
Footnotes to News Release Footnotes:
(1) Fiscal 2026 adjusted EPS guidance primarily excludes the pretax impact of intangible amortization of approximately $22 million.
Winnebago Industries, Inc.
Condensed Consolidated Statements of Income
(Unaudited and subject to reclassification)
Three Months Ended(in millions, except percent and per share data)May 30, 2026 May 31, 2025Net revenues$698.7 100.0% $775.1 100.0%Cost of goods sold 603.8 86.4% 669.1 86.3%Gross profit 94.9 13.6% 106.0 13.7%Selling, general, and administrative expenses 66.5 9.5% 70.3 9.1%Amortization 5.4 0.8% 5.5 0.7%Total operating expenses 71.9 10.3% 75.8 9.8%Operating income 23.0 3.3% 30.2 3.9%Interest expense, net 5.0 0.7% 6.7 0.9%Non-operating income — —% (0.4) (0.1)%Income before income taxes 18.0 2.6% 23.9 3.1%Income tax provision 3.5 0.5% 6.3 0.8%Net income$14.5 2.1% $17.6 2.3% Earnings per common share: Basic$0.51 $0.63 Diluted$0.51 $0.62 Weighted average common shares outstanding: Basic 28.3 28.0 Diluted 28.4 28.4 Nine Months Ended(in millions, except percent and per share data)May 30, 2026 May 31, 2025Net revenues$2,058.8 100.0% $2,020.9 100.0%Cost of goods sold 1,789.3 86.9% 1,755.0 86.8%Gross profit 269.5 13.1% 265.9 13.2%Selling, general, and administrative expenses 204.7 9.9% 212.1 10.5%Amortization 16.2 0.8% 16.7 0.8%Total operating expenses 220.9 10.7% 228.8 11.3%Operating income 48.6 2.4% 37.1 1.8%Interest expense, net 16.3 0.8% 19.3 1.0%Loss on note repurchase 0.8 —% 2.0 0.1%Non-operating income (0.3) —% (1.0) (0.1)%Income before income taxes 31.8 1.5% 16.8 0.8%Income tax provision 7.0 0.3% 4.8 0.2%Net income$24.8 1.2% $12.0 0.6% Earnings per common share: Basic$0.88 $0.43 Diluted$0.87 $0.42 Weighted average common shares outstanding: Basic 28.2 28.3 Diluted 28.4 28.4 Amounts in tables are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.
In addition, percentages may not add in total due to rounding.
Winnebago Industries, Inc.
Condensed Consolidated Balance Sheets
(Unaudited and subject to reclassification)
(in millions)May 30, 2026 August 30, 2025Assets Current assets Cash and cash equivalents$57.1 $174.0Receivables, net 186.1 192.0Inventories, net 435.2 396.4Prepaid expenses and other current assets 32.9 29.8Total current assets 711.3 792.2Property, plant, and equipment, net 319.9 333.0Goodwill 484.2 484.2Other intangible assets, net 440.7 456.9Investment in life insurance 27.9 27.1Operating lease assets 37.2 41.6Other long-term assets 17.3 19.4Total assets$2,038.5 $2,154.4 Liabilities and Shareholders' Equity Current liabilities Accounts payable$113.5 $129.3Accrued expenses 186.2 197.8Total current liabilities 299.7 327.1Long-term debt, net 442.9 540.5Deferred income tax liabilities, net 11.4 5.9Unrecognized tax benefits 5.7 4.8Long-term operating lease liabilities 34.1 39.3Deferred compensation benefits, net of current portion 4.4 5.1Other long-term liabilities 5.9 7.0Total liabilities 804.1 929.7Shareholders' equity 1,234.4 1,224.7Total liabilities and shareholders' equity$2,038.5 $2,154.4 Winnebago Industries, Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited and subject to reclassification)
Nine Months Ended(in millions)May 30, 2026 May 31, 2025Operating activities Net income$24.8 $12.0 Adjustments to reconcile net income to net cash provided by (used in) operating activities Depreciation 28.8 28.7 Amortization 16.2 16.7 Amortization of debt issuance costs 1.9 2.3 Last in, first-out ("LIFO") expense (2.4) (0.6)Stock-based compensation 15.8 12.2 Deferred income taxes 5.5 (0.7)Deferred compensation expense 0.5 — Loss on note repurchase 0.8 2.0 Asset impairment — 1.2 Restructuring and related costs 1.6 — Other, net (2.8) (1.2)Change in operating assets and liabilities, net of assets and liabilities acquired Receivables, net 6.0 (59.0)Inventories, net (36.3) (38.5)Prepaid expenses and other assets 4.0 7.2 Accounts payable (16.9) (15.8)Income taxes and unrecognized tax benefits (0.4) 4.3 Accrued expenses and other liabilities (20.9) (23.3)Net cash provided by (used in) operating activities 26.2 (52.5) Investing activities Purchases of property, plant, and equipment (16.8) (29.2)Proceeds from sale of property, plant, and equipment 5.4 2.1 Other, net 0.1 1.6 Net cash used in investing activities (11.3) (25.5) Financing activities Borrowings on long-term debt 3.0 15.3 Repayments on long-term debt (103.0) (175.2)Payments of cash dividends (30.1) (29.3)Payments for repurchases of common stock (1.7) (53.6)Other, net — 0.4 Net cash used in financing activities (131.8) (242.4) Net decrease in cash and cash equivalents (116.9) (320.4)Cash and cash equivalents at beginning of period 174.0 330.9 Cash and cash equivalents at end of period$57.1 $10.5 Supplemental Disclosures Income taxes paid, net$2.1 $2.3 Interest paid 13.3 17.3 Non-cash investing and financing activities Capital expenditures in accounts payable$1.4 $3.9 Dividends declared not yet paid 11.4 10.5 Increase in lease assets in exchange for lease liabilities: Operating leases 1.1 2.3 Finance leases — 0.2 Winnebago Industries, Inc.
Supplemental Information by Reportable Segment - Towable RV
(in millions, except unit data)
(Unaudited and subject to reclassification)
Three Months Ended May 30, 2026 % of Revenues(1) May 31, 2025 % of Revenues(1) $ Change(1) % Change(1)Net revenues$274.7 $371.7 $(96.9) (26.1)%Operating income 16.0 5.8% 29.7 8.0% (13.8) (46.3)% Three Months EndedUnit deliveriesMay 30, 2026 Product Mix(2) May 31, 2025 Product Mix(2) Unit Change % ChangeTravel trailer 5,274 75.5% 6,569 69.2% (1,295) (19.7)%Fifth wheel 1,709 24.5% 2,926 30.8% (1,217) (41.6)%Total Towable RV 6,983 100.0% 9,495 100.0% (2,512) (26.5)% Nine Months Ended May 30, 2026 % of Revenues(1) May 31, 2025 % of Revenues(1) $ Change(1) % Change(1)Net revenues$830.5 $913.9 $(83.4) (9.1)%Operating income 38.2 4.6% 51.3 5.6% (13.1) (25.6)% Nine Months EndedUnit deliveriesMay 30, 2026 Product Mix(2) May 31, 2025 Product Mix(2) Unit Change % ChangeTravel trailer 15,350 73.0% 16,034 68.7% (684) (4.3)%Fifth wheel 5,669 27.0% 7,302 31.3% (1,633) (22.4)%Total Towable RV 21,019 100.0% 23,336 100.0% (2,317) (9.9)% Dealer Inventory(3)May 30, 2026 May 31, 2025 Unit Change % ChangeUnits 18,721 17,747 974 5.5%
(1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.
(2) Percentages may not add due to rounding differences.
(3) Data is based on the latest information available from our dealer partners and is subject to timing of reporting and other limitations.
Winnebago Industries, Inc.
Supplemental Information by Reportable Segment - Motorhome RV
(in millions, except unit data)
(Unaudited and subject to reclassification)
Three Months Ended May 30, 2026 % of Revenues(1) May 31, 2025 % of Revenues(1) $ Change(1) % Change(1)Net revenues$320.7 $291.2 $29.5 10.1%Operating income (loss) 9.6 3.0% (3.2) (1.1)% 12.7 NM Three Months EndedUnit deliveriesMay 30, 2026 Product Mix(2) May 31, 2025 Product Mix(2) Unit Change % ChangeClass A 219 14.3% 288 20.1% (69) (24.0)%Class B 517 33.7% 406 28.4% 111 27.3%Class C 797 52.0% 737 51.5% 60 8.1%Total Motorhome RV 1,533 100.0% 1,431 100.0% 102 7.1% Nine Months Ended May 30, 2026 % of Revenues(1) May 31, 2025 % of Revenues(1) $ Change(1) % Change(1)Net revenues$933.9 $798.5 $135.3 16.9%Operating income (loss) 25.3 2.7% (7.0) (0.9)% 32.2 NM Nine Months EndedUnit deliveriesMay 30, 2026 Product Mix(2) May 31, 2025 Product Mix(2) Unit Change % ChangeClass A 705 16.2% 808 20.2% (103) (12.7)%Class B 1,416 32.5% 1,158 29.0% 258 22.3%Class C 2,234 51.3% 2,031 50.8% 203 10.0%Total Motorhome RV 4,355 100.0% 3,997 100.0% 358 9.0% Dealer Inventory(3)May 30, 2026 May 31, 2025 Unit Change % ChangeUnits 3,468 3,614 (146) (4.0)% (1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.
(2) Percentages may not add due to rounding differences.
(3) Data is based on the latest information available from our dealer partners and is subject to timing of reporting and other limitations.
NM: Not meaningful.
Winnebago Industries, Inc.
Supplemental Information by Reportable Segment - Marine
(in millions, except unit data)
(Unaudited and subject to reclassification)
Three Months Ended May 30, 2026 % of Revenues(1) May 31, 2025 % of Revenues(1) $ Change(1) % Change(1)Net revenues$92.4 $100.7 $(8.3) (8.3)%Operating income 5.3 5.8% 9.4 9.3% (4.1) (43.4)% Three Months EndedUnit deliveriesMay 30, 2026 May 31, 2025 Unit Change % ChangeBoats 1,155 1,254 (99) (7.9)% Nine Months Ended May 30, 2026 % of Revenues(1) May 31, 2025 % of Revenues(1) $ Change(1) % Change(1)Net revenues$264.1 $272.9 $(8.8) (3.2)%Operating income 14.3 5.4% 21.0 7.7% (6.6) (31.6)% Nine Months EndedUnit deliveriesMay 30, 2026 May 31, 2025 Unit Change % ChangeBoats 3,282 3,471 (189) (5.4)% Dealer Inventory(2,3)May 30, 2026 May 31, 2025 Unit Change % ChangeUnits 3,175 3,069 106 3.5% (1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.
(2) Due to the nature of the Marine industry, this amount includes a higher proportion of retail sold units than our other segments.
(3) Data is based on the latest information available from our dealer partners and is subject to timing of reporting and other limitations.
Winnebago Industries, Inc.
Non-GAAP Reconciliation
(Unaudited and subject to reclassification) Non-GAAP financial measures, which are not calculated or presented in accordance with accounting principles generally accepted in the United States (“GAAP”), have been provided as information supplemental and in addition to the financial measures presented in the accompanying news release that are calculated and presented in accordance with GAAP. Such non-GAAP financial measures should not be considered superior to, as a substitute for, or as an alternative to, and should be considered in conjunction with, the GAAP financial measures presented in the news release. The non-GAAP financial measures presented may differ from similar measures used by other companies.
The following table reconciles diluted earnings per share to Adjusted diluted earnings per share:
Three Months Ended Nine Months Ended May 30, 2026 May 31, 2025 May 30, 2026 May 31, 2025Diluted earnings per share$0.51 $0.62 $0.87 $0.42 Amortization(1) 0.19 0.19 0.57 0.59 Loss on note repurchase(1) — — 0.03 0.07 Asset impairment(1) — 0.04 — 0.04 Restructuring and related costs(1) — — 0.06 — Gain on sale of property, plant and equipment(1) — — (0.10) — Tax impact of adjustments(2) (0.04) (0.05) (0.12) (0.16)Adjusted diluted earnings per share(3)$0.66 $0.81 $1.31 $0.96 (1) Represents a pre-tax adjustment.
(2) The company's non-GAAP income tax impact is calculated using an estimated tax rate for the U.S. of 22.0% for Fiscal 2026 and 23.0% for Fiscal 2025.
(3) Per share numbers may not foot due to rounding.
The following table reconciles net income to consolidated EBITDA and Adjusted EBITDA.
Three Months Ended Nine Months Ended(in millions)May 30, 2026 May 31, 2025 May 30, 2026 May 31, 2025Net income$14.5 $17.6 $24.8 $12.0 Interest expense, net 5.0 6.7 16.3 19.3 Income tax provision 3.5 6.3 7.0 4.8 Depreciation 9.4 9.6 28.8 28.7 Amortization 5.4 5.5 16.2 16.7 EBITDA 37.8 45.7 93.1 81.5 Loss on note repurchase — — 0.8 2.0 Asset impairment — 1.2 — 1.2 Restructuring and related costs — — 1.6 — Gain on sale of property, plant and equipment — — (2.8) — Non-operating income — (0.4) (0.3) (1.0)Adjusted EBITDA$37.8 $46.5 $92.4 $83.7 Non-GAAP performance measures of Adjusted diluted earnings per share, EBITDA and Adjusted EBITDA have been provided as comparable measures to illustrate the effect of non-recurring transactions occurring during the reported periods and to improve comparability of our results from period to period. Adjusted diluted earnings per share is defined as diluted earnings per share adjusted for after-tax items that impact the comparability of our results from period to period. EBITDA is defined as net income before interest expense, provision for income taxes, and depreciation and amortization expense. Adjusted EBITDA is defined as net income before interest expense, provision for income taxes, depreciation and amortization expense and other pretax adjustments made in order to present comparable results from period to period. Management believes Adjusted diluted earnings per share and Adjusted EBITDA provide meaningful supplemental information about our operating performance because these measures exclude amounts that we do not consider part of our core operating results when assessing our performance.
Management uses these non-GAAP financial measures (a) to evaluate historical and prospective financial performance and trends as well as assess performance relative to competitors and peers; (b) to measure operational profitability on a consistent basis; (c) in presentations to the members of our Board of Directors to enable our Board of Directors to have the same measurement basis of operating performance as is used by management in its assessments of performance and in forecasting and budgeting for the Company; (d) to evaluate potential acquisitions; and (e) to ensure compliance with restricted activities under the terms of our asset-backed revolving credit facility and outstanding notes. Management believes these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties to evaluate companies in our industry.
, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Calix, Inc. ("Calix" or "the Company") (NYSE: CALX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of CALX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: January 28, 2026 to April 21, 2026
DEADLINE: July 27, 2026
CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Calix's Q1 performance was improved by the advanced purchase of memory modules. As the Company's supply of memory fell, it suffered from significant margin pressure due to increasing memory prices on the open market. Based on these facts, Calix's public statements were false and materially misleading throughout the class period.
If you are a shareholder who suffered a loss, contact us to participate.
WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.
Join the case to recover your losses.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]
, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Calix, Inc. ("Calix" or "the Company") (NYSE: CALX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between January 28, 2026 and April 21, 2026, inclusive (the "Class Period"), are encouraged to contact the firm before July 27, 2026.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Calix's Q1 margins benefited from the advanced purchasing of memory components. The Company's supply of these memory components was rapidly decreasing due to these advanced orders. The Company's margin faced negative pressure based on the purchase of memory at increasing market prices. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Calix, investors suffered damages.
Join the case to recover your losses
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]
Hannover, Germany, June 25, 2026 (GLOBE NEWSWIRE) -- EMBARC Announces Its Intention to Collaborate with Insmed on Landmark Interventional Study Evaluating Disease Modification Potential of Brensocatib in Bronchiectasis
—Long-Term, Open-Label Study to Enroll Approximately 3,000 Patients Across Europe—
Hannover, Germany, June 25, 2026 – The European Multicentre Bronchiectasis Audit and Research Collaboration (EMBARC), the leading pan-European research network dedicated to advancing the understanding and treatment of bronchiectasis, announced today at the World Bronchiectasis Conference (WBC 2026), its intention to collaborate with Insmed Incorporated to evaluate brensocatib 25 mg – an oral, reversible inhibitor of dipeptidyl peptidase-1 (DPP-1) – over three years in an open-label, single-arm, interventional study enrolling up to 3,000 patients with bronchiectasis across the United Kingdom, Spain, Germany, Belgium, France, and Italy.
The study will be designed to deepen understanding of the long-term use of brensocatib and whether it has the potential to modify the course of the disease. This research would expand upon the current evidence that demonstrated brensocatib slows lung function decline, a measure used to indicate slower disease progression. The intended study will also evaluate whether earlier, upstream use of the therapy is effective in further slowing the progression of bronchiectasis, with a plan to include well-validated endpoints, along with some novel composite endpoints.
"Building on ASPEN trial data showing that brensocatib 25 mg reduced exacerbation frequency, slowed lung function decline, and produced structural changes in the airways, this study through the EMBARC network will allow us to ask an even more ambitious question: whether intervening earlier in the disease course can do more than slow progression, but fundamentally alter its trajectory,” said lead study investigator James Chalmers, MBChB, Ph.D., Rhodes Chair of Experimental Therapeutics and Respiratory Physician, University of Oxford. “Over a three-year horizon, we have a real opportunity to understand whether earlier use of brensocatib can not only reduce the burden of exacerbations and slow disease progression, but even more profoundly, change the natural course of the disease. That is the question at the heart of this study, and the answer could help shape how we treat bronchiectasis in the future."
Bronchiectasis is a serious, chronic, and progressive inflammatory lung disease characterized by the permanent widening of the airways, leading to persistent bacterial infections, excessive mucus production, and recurrent pulmonary exacerbations. These exacerbations are associated with accelerated lung function decline and poor quality of life. Bronchiectasis affects approximately 600,000 people across Europe, and millions of people globally.
"EMBARC is one of the world's leading bronchiectasis research networks, and this collaboration reflects our commitment to understanding how brensocatib can make the greatest possible difference in patients' lives,” said Martina Flammer, M.D., MBA, Chief Medical Officer, Insmed. “As a recognized innovator in bronchiectasis, we are spearheading transformative research together with EMBARC and distinguished clinical experts. Together with the scientific and patient community, we are uniquely positioned to help shape clinical advancement – and by studying brensocatib earlier in the disease course and over the longer term in a large, heterogeneous population, we hope to give patients the best possible chance of preserving their lung health."
About EMBARC
The European Multicentre Bronchiectasis Audit and Research Collaboration (EMBARC) was established in 2012 as a collaborative group within the Respiratory Infections Assembly of the European Respiratory Society (ERS) with the objective of creating a European bronchiectasis registry, harmonizing existing databases, and identifying opportunities to raise the profile of bronchiectasis at an international level. EMBARC is a pan-European research network dedicated to improving the understanding, diagnosis, and treatment of bronchiectasis. It brings together leading clinicians and researchers from across Europe to conduct high-quality interventional research and clinical trials in bronchiectasis.
About Insmed
Insmed Incorporated is a people-first global biopharmaceutical company striving to deliver first- and best-in-class therapies to transform the lives of patients facing serious diseases. The Company is advancing a diverse portfolio of approved and mid- to late-stage investigational medicines—including two approved therapies to treat chronic, debilitating lung diseases—as well as cutting-edge drug discovery focused on serving patient communities where the need is greatest. Insmed's commercial portfolio and clinical pipeline are organized around three therapeutic areas: Respiratory, Immunology & Inflammation, and Neuro & Other Rare. The Company's research engine is advancing a wide range of technologies and modalities, including gene therapy, AI-driven protein engineering, RNA end-joining, and synthetic rescue, in the pursuit of future pipeline candidates.
Headquartered in Bridgewater, New Jersey, Insmed has offices and research locations throughout the United States, Europe, and Japan. Insmed is proud to be recognized as one of the best employers in the biopharmaceutical industry, including spending five consecutive years as the No. 1 Science Top Employer. Visit www.insmed.com to learn more or follow us on LinkedIn, Instagram, YouTube, and X.
Media Contact
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, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against FS KKR Capital Corp. ("FSK" or "the Company") (NYSE: FSK) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between May 8, 2024 and February 25, 2026, inclusive (the "Class Period"), are encouraged to contact the firm before July 3, 2026.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. FSK misled investors about the effectiveness of its portfolio restructuring activities. The Company overvalued its portfolio and overstated its portfolio valuation process. The Company overstated the strength of its quarterly dividend program. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about FSK, investors suffered damages.
Join the case to recover your losses
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]
Delivered Net Sales of $1.2B, an Increase of 2% Compared to the Prior YearDelivered Operating Profit of $193M, Up 38% Compared to the Prior Year; Grew Adjusted Operating Profit to $224M, Up 1% Compared to the Prior YearDelivered Diluted EPS of $4.56, Up 46% Compared to the Prior Year; Grew Adjusted Diluted EPS to $5.31, Up 4% Compared to the Prior Year ATLANTA, June 25, 2026 (GLOBE NEWSWIRE) -- Acuity Inc. (NYSE: AYI), ("Acuity"), a market-leading industrial technology company, delivered net sales of $1.2 billion in the third quarter, ended May 31, 2026, an increase of $19.4 million, or 1.6 percent, compared to the prior year.
"We demonstrated solid execution in our third quarter of fiscal 2026," stated Neil Ashe, Chairman, President and Chief Executive Officer of Acuity Inc. "We grew net sales, we expanded our adjusted operating profit and we increased our adjusted diluted earnings per share. We generated strong cash flow and allocated capital effectively."
During the third quarter of fiscal 2026, we received $6.4 million in tariff refunds in Acuity Brands Lighting, which are reflected as a non-GAAP adjustment in our results.
Operating profit was $193.3 million in the third quarter of fiscal 2026, an increase of $53.5 million, or 38.3 percent, compared to the prior year. Operating profit as a percent of net sales was 16.1 percent in the third quarter of fiscal 2026, an increase of 420 basis points compared to the prior year. Adjusted operating profit was $223.5 million in the third quarter of fiscal 2026, an increase of $1.8 million, or 0.8 percent, compared to the prior year. Adjusted operating profit as a percent of net sales was 18.7 percent in the third quarter of fiscal 2026, a decrease of 10 basis points compared to the prior year.
Diluted earnings per share was $4.56 in the third quarter of fiscal 2026, an increase of $1.44, or 46.2 percent, compared to the prior year. Adjusted diluted earnings per share was $5.31 in the third quarter of fiscal 2026, an increase of $0.19, or 3.7 percent.
Segment Performance
Acuity Brands Lighting ("ABL")
ABL generated net sales of $905.2 million in the third quarter of fiscal 2026, a decrease of $18.0 million, or 1.9 percent, compared to the prior year.
Operating profit was $160.6 million in the third quarter of fiscal 2026, an increase of $26.6 million, or 19.9 percent, compared to the prior year. Operating profit as a percent of ABL net sales was 17.7 percent in the third quarter of fiscal 2026, an increase of 320 basis points compared to the prior year. Adjusted operating profit was $164.6 million in the third quarter of fiscal 2026, a decrease of $9.3 million, or 5.3 percent, compared to the prior year. Adjusted operating profit as a percent of ABL net sales was 18.2 percent in the third quarter of fiscal 2026, a decrease of 60 basis points compared to the prior year.
Acuity Intelligent Spaces ("AIS")
AIS generated net sales of $303.5 million in the third quarter of fiscal 2026, an increase of $39.4 million, or 14.9 percent, compared to the prior year.
Operating profit was $56.5 million in the third quarter of fiscal 2026, an increase of $29.1 million, or 106.2 percent, compared to the prior year. Operating profit as a percent of AIS net sales was 18.6 percent in the third quarter of fiscal 2026, an increase of 820 basis points compared to the prior year. Adjusted operating profit was $76.3 million in the third quarter of fiscal 2026, an increase of $14.0 million, or 22.5 percent, compared to the prior year. Adjusted operating profit as a percent of AIS net sales was 25.1 percent in the third quarter of fiscal 2026, an increase of 150 basis points compared to the prior year.
Cash Flow and Capital Allocation
Net cash from operating activities was $520.2 million for the first nine months of fiscal 2026. Year to date, we repurchased approximately 766,000 shares of common stock for a total of $230 million.
Call Details
We will host a conference call at 8:00 a.m. ET today, Thursday, June 25, 2026. Neil Ashe, Chief Executive Officer of Acuity Inc. will lead the call. The conference call and earnings release can be accessed via our Investor Relations section of our website at www.investors.acuityinc.com. A replay of the call will also be posted to the Investor Relations website within two hours of the completion of the conference call and will be available on the website for a limited time.
About Acuity
Acuity Inc. (NYSE: AYI) is a market-leading industrial technology company. We use technology to solve problems in spaces, light and more things to come. Through our two business segments, Acuity Brands Lighting (ABL) and Acuity Intelligent Spaces (AIS), we design, manufacture, and bring to market products and services that make a valuable difference in people’s lives.
We achieve growth through the development of innovative new products and services, including lighting, lighting controls, building management solutions, and an audio, video and control platform. We focus on customer outcomes and drive growth and productivity to increase market share and deliver superior returns. We look to aggressively deploy capital to grow the business and to enter attractive new verticals.
Acuity Inc. is based in Atlanta, Georgia, with operations across North America, Europe and Asia. The Company is powered by approximately 13,000 dedicated and talented associates. Visit us at www.acuityinc.com.
Non-GAAP Financial Measures
This news release includes the following non-generally accepted accounting principles (“GAAP”) financial measures: "adjusted gross profit", "adjusted gross profit margin", “adjusted operating profit” and “adjusted operating profit margin” for total company and by segment; for total company only we additionally include: “adjusted net income;” “adjusted diluted EPS;” “earnings before interest, taxes, depreciation and amortization (“EBITDA”);" "EBITDA margin;" “adjusted EBITDA;” and "adjusted EBITDA margin". These non-GAAP financial measures are provided to enhance the reader's overall understanding of our current financial performance and prospects for the future. Specifically, management believes that these non-GAAP measures provide useful information to investors by excluding or adjusting items for amortization of acquired intangible assets, share-based payment expense, acquired profit in inventory, acquisition-related items, and special charges.
We also provide “free cash flow” (“FCF”) to enhance the reader’s understanding of our ability to generate additional cash from its business.
Management typically adjusts for these items for internal reviews of performance and uses the above non-GAAP measures for baseline comparative operational analysis, decision making and other activities. Management believes these non-GAAP measures provide greater comparability and enhanced visibility into our results of operations as well as comparability with many of its peers, especially those companies focused more on technology and software. Non-GAAP financial measures included in this news release should be considered in addition to, and not as a substitute for or superior to, results prepared in accordance with GAAP.
The most directly comparable GAAP measures for adjusted gross profit and adjusted gross profit margin for total company are “gross profit” and “gross profit margin,” respectively, which include the impact of acquired profit in inventory and tariff refunds. Adjusted gross profit margin is adjusted gross profit divided by net sales for total company and by segment. The most directly comparable GAAP measures for adjusted operating profit and adjusted operating profit margin for total company and by segment are “operating profit” and “operating profit margin,” respectively, which include the impact of amortization of acquired intangible assets, share-based payment expense, acquired profit in inventory, acquisition-related costs, special charges, and tariff refunds. Adjusted operating profit margin is adjusted operating profit divided by net sales for total company and by segment. The most directly comparable GAAP measures for adjusted net income and adjusted diluted EPS are “net income” and “diluted EPS,” respectively, which include the impact of amortization of acquired intangible assets, share-based payment expense, acquired profit in inventory, acquisition-related costs, special charges, and tariff refunds. Adjusted diluted EPS is adjusted net income divided by diluted weighted average shares outstanding. The most directly comparable GAAP measure for EBITDA is “net income”, which includes the impact of net interest expense, income taxes, depreciation and amortization of acquired intangible assets. EBITDA margin is EBITDA divided by net sales for total company. The most directly comparable GAAP measure for adjusted EBITDA is “net income”, which includes the impact of net interest expense, income taxes, depreciation, amortization of acquired intangible assets, share-based payment expense, acquired profit in inventory, acquisition-related items, special charges, miscellaneous (income) expense, net, and tariff refunds. Adjusted EBITDA margin is adjusted EBITDA divided by net sales for total company. A reconciliation of each measure to the most directly comparable GAAP measure is available in this news release.
We define FCF as net cash provided by operating activities less purchases of property, plant and equipment. A calculation of this measure is available in this news release.
Our non-GAAP financial measures may not be comparable to similarly titled non-GAAP financial measures used by other companies, have limitations as an analytical tool, and should not be considered in isolation or as a substitute for GAAP financial measures. Our presentation of such measures, which may include adjustments to exclude unusual or non-recurring items, should not be construed as an inference that our future results will be unaffected by other unusual or non-recurring items.
Forward-Looking Information
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the “Act”). Forward-looking statements include, but are not limited to, statements that describe or relate to our plans, initiatives, projections, vision, goals, targets, commitments, expectations, objectives, prospects, strategies, or financial outlook, and the assumptions underlying or relating thereto. In some cases, we may use words such as “expect,” “believe,” “intend,” “anticipate,” “estimate,” “forecast,” “indicate,” “project,” “predict,” “plan,” “may,” “will,” “could,” “should,” “would,” “potential,” and words of similar meaning, as well as other words or expressions referencing future events, conditions, or circumstances, to identify forward-looking statements. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Act. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are based on our current beliefs, expectations, and assumptions, which may not prove to be accurate, and are subject to known and unknown risks and uncertainties, assumptions, and other important factors, many of which are outside of our control and any of which could cause our actual results to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties are discussed in our filings with the U.S. Securities and Exchange Commission, including our most recent annual report on Form 10-K (including, but not limited to, the sections titled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations"), quarterly reports on Form 10-Q, and current reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made. This press release is not comprehensive, and for that reason, should be read in conjunction with such filings. You are cautioned not to place undue reliance on any forward-looking statements. Except as required by law, we undertake no obligation to publicly update or release any revisions to these forward-looking statements to reflect any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, whether as a result of new information, future events, or otherwise.
ACUITY INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions, except per-share data)
May 31, 2026 August 31, 2025 (unaudited) ASSETS Current assets: Cash and cash equivalents$411.9 $422.5 Accounts receivable, less reserve for doubtful accounts of $7.0 and $4.3, respectively 610.9 593.9 Inventories 458.3 526.7 Prepayments and other current assets 137.4 108.4 Total current assets 1,618.5 1,651.5 Property, plant, and equipment, net 345.9 343.2 Operating lease right-of-use assets 96.8 97.4 Goodwill 1,494.6 1,495.5 Intangible assets, net 1,028.9 1,099.0 Deferred income taxes 4.8 23.4 Other long-term assets 45.9 45.2 Total assets$4,635.4 $4,755.2 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable$363.9 $454.5 Current operating lease liabilities 27.0 23.3 Accrued compensation 126.4 110.0 Other current liabilities 271.0 258.0 Total current liabilities 788.3 845.8 Long-term debt 697.3 896.8 Long-term operating lease liabilities 80.0 84.3 Accrued pension liabilities 40.1 39.2 Deferred income taxes 40.2 24.9 Other long-term liabilities 138.0 139.3 Total liabilities 1,783.9 2,030.3 Stockholders’ equity: Preferred stock, $0.01 par value per share; 50.0 shares authorized; none issued — — Common stock, $0.01 par value per share; 500.0 shares authorized; 55.0 and 54.9 issued, respectively 0.6 0.5 Paid-in capital 1,178.4 1,164.7 Retained earnings 4,626.4 4,285.8 Accumulated other comprehensive loss (71.6) (76.5)Treasury stock, at cost, of 24.9 and 24.2 shares, respectively (2,882.3) (2,649.6)Total stockholders’ equity 2,851.5 2,724.9 Total liabilities and stockholders’ equity$4,635.4 $4,755.2 ACUITY INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
(In millions, except per-share data)
Three Months Ended Nine Months Ended May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025Net sales$1,198.0 $1,178.6 $3,397.4 $3,136.5Cost of products sold 591.6 608.4 1,716.8 1,649.0Gross profit 606.4 570.2 1,680.6 1,487.5Selling, distribution, and administrative expenses 413.1 400.7 1,188.0 1,074.5Special charges — 29.7 5.9 29.7Operating profit 193.3 139.8 486.7 383.3Other expense (income): Interest expense, net 6.1 12.1 21.5 15.0Miscellaneous expense, net 2.0 2.3 4.5 5.8Total other expense 8.1 14.4 26.0 20.8Income before income taxes 185.2 125.4 460.7 362.5Income tax expense 44.2 27.0 102.4 79.9Net income$141.0 $98.4 $358.3 $282.6 Earnings per share(1): Basic earnings per share$4.66 $3.19 $11.74 $9.14Basic weighted average number of shares outstanding 30.268 30.851 30.520 30.912Diluted earnings per share$4.56 $3.12 $11.45 $8.92Diluted weighted average number of shares outstanding 30.954 31.565 31.278 31.673Dividends declared per share$0.20 $0.17 $0.57 $0.49 (1) Earnings per share is calculated using unrounded numbers. Amounts in the table may not recalculate exactly due to rounding.
ACUITY INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
(In millions)
Nine Months Ended May 31, 2026 May 31, 2025Cash flows from operating activities: Net income$358.3 $282.6 Adjustments to reconcile net income to cash flows from operating activities: Depreciation and amortization 117.8 86.7 Share-based payment expense 39.2 34.0 Asset impairments — 16.7 Changes in operating assets and liabilities, net of acquisitions Accounts receivable (16.6) 10.4 Inventories 66.9 5.1 Accounts payable (82.5) 38.1 Other operating activities 37.1 (74.7)Net cash provided by operating activities 520.2 398.9 Cash flows from investing activities: Purchases of property, plant, and equipment (58.5) (43.6)Acquisition of business, net of cash acquired — (1,189.4)Other investing activities 0.3 (16.3)Net cash used for investing activities (58.2) (1,249.3)Cash flows from financing activities: Borrowings on credit agreement 200.0 — Borrowings from term loan — 600.0 Repayments of term loan borrowings (400.0) (100.0)Repurchases of common stock (229.9) (91.3)Proceeds from stock option exercises and other 2.9 17.5 Payments of taxes withheld on net settlement of equity awards (28.4) (24.0)Dividends paid (17.7) (15.3)Other financing activities (3.6) (9.3)Net cash (used for) provided by financing activities (476.7) 377.6 Effect of exchange rate changes on cash and cash equivalents 4.1 (1.2)Net change in cash and cash equivalents (10.6) (474.0)Cash and cash equivalents at beginning of period 422.5 845.8 Cash and cash equivalents at end of period$411.9 $371.8 ACUITY INC.
DISAGGREGATED NET SALES
(In millions) The following tables show net sales by channel for the periods presented:
Three Months Ended May 31, 2026 May 31, 2025 Increase
(Decrease) Percent ChangeAcuity Brands Lighting: Independent sales network$690.5 $685.3 $5.2 0.8%Direct sales network 73.4 101.5 (28.1) (27.7)%Retail sales 40.4 41.4 (1.0) (2.4)%Corporate accounts 46.3 35.5 10.8 30.4%Original equipment manufacturer and other 54.6 59.5 (4.9) (8.2)%Total Acuity Brands Lighting 905.2 923.2 (18.0) (1.9)%Acuity Intelligent Spaces 303.5 264.1 39.4 14.9%Eliminations (10.7) (8.7) (2.0) 23.0%Total$1,198.0 $1,178.6 $19.4 1.6% Nine Months Ended May 31, 2026 May 31, 2025 Increase
(Decrease) Percent ChangeAcuity Brands Lighting: Independent sales network$1,973.5 $1,944.4 $29.1 1.5%Direct sales network 234.4 306.1 (71.7) (23.4)%Retail sales 127.5 127.3 0.2 0.2%Corporate accounts 126.9 103.8 23.1 22.3%Original equipment manufacturer and other 155.4 168.2 (12.8) (7.6)%Total Acuity Brands Lighting 2,617.7 2,649.8 (32.1) (1.2)%Acuity Intelligent Spaces 809.0 509.1 299.9 58.9%Eliminations (29.3) (22.4) (6.9) 30.8%Total$3,397.4 $3,136.5 $260.9 8.3% ACUITY INC.
Reconciliation of Non-U.S. GAAP MeasuresThe tables below reconcile certain GAAP financial measures to the corresponding non-GAAP measures for total Company as well as our reportable operating segments (in millions except per share data):
Three Months Ended May 31, 2026 May 31, 2025 Increase
(Decrease) Percent
ChangeNet sales$1,198.0 $1,178.6 $19.4 1.6% Gross profit (GAAP)$606.4 $570.2 $36.2 6.3%Percent of net sales 50.6% 48.4% 220 bpsAdd-back: Acquired profit in inventory — 19.2 Less: Tariff refunds (6.4) — Adjusted gross profit (Non-GAAP)$600.0 $589.4 $10.6 1.8%Percent of net sales 50.1% 50.0% 10 bps Operating profit (GAAP)$193.3 $139.8 $53.5 38.3%Percent of net sales (GAAP) 16.1% 11.9% 420 bpsAdd-back: Amortization of acquired intangible assets 23.0 20.0 Add-back: Share-based payment expense 13.6 10.5 Add-back: Acquisition-related costs(1) — 2.5 Add-back: Acquired profit in inventory — 19.2 Add-back: Special charges — 29.7 Less: Tariff refunds (6.4) — Adjusted operating profit (Non-GAAP)$223.5 $221.7 $1.8 0.8%Percent of net sales (Non-GAAP) 18.7% 18.8% (10) bps Net income (GAAP)$141.0 $98.4 $42.6 43.3%Add-back: Amortization of acquired intangible assets 23.0 20.0 Add-back: Share-based payment expense 13.6 10.5 Add-back: Acquisition-related costs(1) — 2.5 Add-back: Acquired profit in inventory — 19.2 Add-back: Special charges — 29.7 Less: Tariff refunds (6.4) — Total pre-tax adjustments to net income 30.2 81.9 Income tax effects (6.9) (18.8) Adjusted net income (Non-GAAP)$164.3 $161.5 $2.8 1.7% Diluted earnings per share (GAAP)$4.56 $3.12 $1.44 46.2%Adjusted diluted earnings per share (Non-GAAP)$5.31 $5.12 $0.19 3.7% Net income (GAAP)$141.0 $98.4 $42.6 43.3%Percent of net sales (GAAP) 11.8% 8.3% 350 bpsInterest expense, net 6.1 12.1 Income tax expense 44.2 27.0 Depreciation 17.7 14.6 Amortization of acquired intangible assets 23.0 20.0 EBITDA (Non-GAAP) 232.0 172.1 59.9 34.8%Percent of net sales (Non-GAAP) 19.4% 14.6% 480 bpsShare-based payment expense 13.6 10.5 Acquisition-related costs(1) — 2.5 Acquired profit in inventory — 19.2 Miscellaneous expense, net 2.0 2.3 Special charges — 29.7 Tariff refunds (6.4) — Adjusted EBITDA (Non-GAAP)$241.2 $236.3 $4.9 2.1%Percent of net sales (Non-GAAP) 20.1% 20.0% 10 bps (1) Acquisition-related items include professional fees.
Three Months Ended Acuity Brands Lighting May 31, 2026 May 31, 2025 Increase
(Decrease) Percent
ChangeNet sales $905.2 $923.2 $(18.0) (1.9)% Gross profit (GAAP) $423.4 $430.4 $(7.0) (1.6)%Less: Tariff refunds (6.4) — Adjusted gross profit (Non-GAAP) $417.0 $430.4 $(13.4) (3.1)% Gross profit margin (GAAP) 46.8% 46.6% 20 bpsAdjusted gross profit margin (Non-GAAP) 46.1% 46.6% (50) bps Operating profit (GAAP) $160.6 $134.0 $26.6 19.9%Add-back: Amortization of acquired intangible assets 6.1 6.3 Add-back: Share-based payment expense 4.3 3.9 Add-back: Special charges — 29.7 Less: Tariff refunds (6.4) — Adjusted operating profit (Non-GAAP) $164.6 $173.9 $(9.3) (5.3)% Operating profit margin (GAAP) 17.7% 14.5% 320 bpsAdjusted operating profit margin (Non-GAAP) 18.2% 18.8% (60) bps Three Months Ended Acuity Intelligent Spaces May 31, 2026 May 31, 2025 Increase
(Decrease) Percent
ChangeNet sales $303.5 $264.1 $39.4 14.9% Gross profit (GAAP) $183.0 $139.8 $43.2 30.9%Add-back: Acquired profit in inventory — 19.2 Adjusted gross profit (Non-GAAP) $183.0 $159.0 $24.0 15.1% Gross profit margin (GAAP) 60.3% 52.9% 740 bpsAdjusted gross profit margin (Non-GAAP) 60.3% 60.2% 10 bps Operating profit (GAAP) $56.5 $27.4 $29.1 106.2%Add-back: Amortization of acquired intangible assets 16.9 13.7 Add-back: Share-based payment expense 2.9 2.0 Add-back: Acquired profit in inventory — 19.2 Adjusted operating profit (Non-GAAP) $76.3 $62.3 $14.0 22.5% Operating profit margin (GAAP) 18.6% 10.4% 820 bpsAdjusted operating profit margin (Non-GAAP) 25.1% 23.6% 150 bps (In millions, except per share data)Nine Months Ended May 31, 2026 May 31, 2025 Increase
(Decrease)Percent
ChangeNet sales$3,397.4 $3,136.5 $260.98.3% Gross profit (GAAP)$1,680.6 $1,487.5 $193.113.0%Percent of net sales (GAAP) 49.5% 47.4% 210bpsAdd-back: Acquired profit in inventory — 29.6 Less: Tariff refunds (6.4) — Adjusted gross profit (Non-GAAP)$1,674.2 $1,517.1 $157.110.4%Percent of net sales (Non-GAAP) 49.3% 48.4% 90bps Operating profit (GAAP)$486.7 $383.3 $103.427.0%Percent of net sales (GAAP) 14.3% 12.2% 210bpsAdd-back: Amortization of acquired intangible assets 70.4 45.5 Add-back: Share-based payment expense 39.2 34.0 Add-back: Acquisition-related costs(1) — 21.2 Add-back: Acquired profit in inventory — 29.6 Add-back: Special charges 5.9 29.7 Less: Tariff refunds (6.4) — Adjusted operating profit (Non-GAAP)$595.8 $543.3 $52.59.7%Percent of net sales (Non-GAAP) 17.5% 17.3% 20bps Net income (GAAP)$358.3 $282.6 $75.726.8%Add-back: Amortization of acquired intangible asset 70.4 45.5 Add-back: Share-based payment expense 39.2 34.0 Add-back: Acquisition-related costs(1) — 21.2 Add-back: Acquired profit in inventory — 29.6 Add-back: Special charges 5.9 29.7 Less: Tariff refunds (6.4) — Total pre-tax adjustments to net income 109.1 160.0 Income tax effect (25.1) (36.8) Adjusted net income (Non-GAAP)$442.3 $405.8 $36.59.0% Diluted earnings per share (GAAP)$11.45 $8.92 $2.5328.4%Adjusted diluted earnings per share (Non-GAAP)$14.14 $12.81 $1.3310.4% Net income (GAAP)$358.3 $282.6 $75.726.8%Percent of net sales (GAAP) 10.5% 9.0% 150bpsInterest expense, net 21.5 15.0 Income tax expense 102.4 79.9 Depreciation 47.4 41.2 Amortization 70.4 45.5 EBITDA (Non-GAAP) 600.0 464.2 135.829.3%Percent of net sales (Non-GAAP) 17.7% 14.8% 290bpsShare-based payment expense 39.2 34.0 Miscellaneous expense, net 4.5 5.8 Special charges 5.9 29.7 Acquisition-related costs(1) — 21.2 Acquired profit in inventory — 29.6 Tariff refunds (6.4) — Adjusted EBITDA (Non-GAAP)$643.2 $584.5 $58.710.0%Percent of net sales (Non-GAAP) 18.9% 18.6% 30bps (1) Acquisition-related items include professional fees.
Shares in Advanced Medical Solutions Group (AIM:AMS) rose 16% to 278.14p after the company agreed to a recommended cash takeover by H.B. Fuller, the US adhesives group, valuing it at about £659 million.
Under the terms, shareholders in AMS, the AIM-listed surgical adhesives and wound-care specialist, will receive 285 pence in cash for each share.
The offer represents a premium of 34.8% to the closing price of 212 pence on 20 May, the last trading day before the offer period began.
It implies an enterprise value of about £715 million.
H.B. Fuller, the world's largest pure-play adhesives maker and listed in New York, is buying AMS through a wholly owned subsidiary.
The US company said the deal would extend its reach across tissue bonding adhesives, tapes and dressings, and formulated biosurgicals, lifting its addressable market by $15 billion to $95 billion.
It expects to generate about $55 million, or roughly £41 million, in annual revenue and cost synergies by 2031, including the removal of public company costs and sourcing savings.
The transaction is expected to add about 100 basis points to the combined group's earnings margin within 24 months and increase annual revenue by around $300 million.
Founded in 1991 and based in Winsford, AMS employs more than 1,800 people across 22 locations and sells into more than 100 countries under brands including LiquiBand and RESORBA.
Chris Meredith, chief executive of AMS, said the deal underscored the strategic progress made over his 15 years leading the company and the strength of its product portfolio.
Celeste Mastin, chief executive of H.B. Fuller, described the acquisition as a rare opportunity to advance the evolution of its portfolio, with medical a core strategic growth market.
The AMS directors, advised by Evercore and Investec, intend to unanimously recommend the deal, which is to be effected through a scheme of arrangement.
The acquisition is subject to merger control and foreign investment approvals across several jurisdictions and is expected to complete by the end of 2026.
For Immediate ReleaseChicago, IL – June 25, 2026 – Today, Zacks Equity Research United Rentals Inc. (URI - Free Report) , Argan, Inc. (AGX - Free Report) , Simpson Manufacturing Co., Inc. (SSD - Free Report) , Everus Construction Group, Inc. (ECG - Free Report) and Construction Partners, Inc. (ROAD - Free Report) .
The Zacks Building Products - Miscellaneous industry remains under pressure amid elevated input costs, tariff-related uncertainty and an unpredictable macroeconomic environment that continues to pressure margins, complicate sourcing decisions and weigh on customer spending. Meanwhile, high interest rates and housing affordability challenges are limiting new residential construction, keeping demand uneven across several product categories.
Nevertheless, these headwinds are partly offset by sustained investment in infrastructure, power, grid modernization, data centers and advanced manufacturing, which continues to support healthy project pipelines. In addition, resilient repair and remodeling activity, coupled with growing demand for premium, energy-efficient and innovative building products, is helping companies maintain pricing power and generate stable growth despite broader market uncertainties. Against this backdrop, United Rentals Inc., Argan, Inc., Simpson Manufacturing Co., Inc., Everus Construction Group, Inc. and Construction Partners, Inc. are well-positioned to capitalize on these positive trends.
Industry DescriptionThe Zacks Building Products - Miscellaneous industry primarily comprises manufacturers, designers and distributors of home improvement and building products like ceiling systems, doors, windows, flooring and metal products. Some industry players provide solutions to rehabilitate the aging infrastructure, primarily pipelines in the wastewater, water, energy, mining and refining industries.
The companies also manufacture expansion joints and structural bearings, ventilation products, ground-mounted solar racking and commercial greenhouses, as well as mail storage (solutions including mailboxes along with package delivery products). Companies in this industrial cohort also rent out equipment to a diverse customer base, including construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities.
4 Trends Shaping the Future of the Building Products IndustryCost Inflation, Tariffs and Macroeconomic Uncertainty Persist: The industry continues to face a challenging cost environment in 2026. Manufacturers are dealing with persistent inflation in raw materials, transportation, labor and procurement, while higher wages and ongoing investments in manufacturing capacity continue to pressure operating expenses.
At the same time, evolving U.S. tariff policies and uncertainty surrounding imported construction materials have complicated sourcing strategies and increased the risk of additional input-cost inflation. Companies are responding through selective price increases, supply-chain diversification, productivity initiatives and restructuring programs, but the ability to fully pass higher costs on to customers varies across end markets.
Macroeconomic uncertainty adds another layer of risk. Elevated interest rates, cautious commercial investment and affordability challenges in residential construction have caused customers to delay purchasing decisions and adjust project timelines. Many contractors and distributors are also managing inventory conservatively, reducing order visibility for manufacturers. While infrastructure, power and data center investments remain supportive, uncertainty over trade policy, inflation and the pace of economic growth continues to weigh on business confidence, making demand forecasting and capital allocation more difficult across the industry.
Residential Construction Remains Under Pressure: The biggest challenge for the industry in 2026 continues to be the sluggish residential construction environment. Elevated mortgage rates, affordability constraints, higher home prices and cautious consumer spending have kept both new housing demand and discretionary renovation activity below historical levels.
Builders remain selective with new project launches, while customers continue delaying large purchases until financing conditions improve. Although repair and remodeling demand has been relatively resilient, weaker housing starts continue to pressure volumes across several residential-focused product categories, limiting broader industry growth.
Infrastructure, Power and Data Center Investments Support Demand: Large-scale investments in power generation, grid modernization, transportation infrastructure and AI-driven data centers remain the strongest demand drivers for the industry in 2026. Utilities continue expanding generation capacity while transmission, distribution and electrification projects are accelerating.
At the same time, hyperscale data centers, semiconductor facilities and advanced manufacturing projects require specialized building materials, engineered products and construction solutions. Public infrastructure spending, reshoring initiatives and long-duration industrial projects are also supporting healthy order pipelines and backlogs, providing companies with improved revenue visibility despite weakness in some traditional construction markets.
Repair & Remodeling and Product Innovation Remain Resilient: Although new residential construction remains uneven, repair and remodeling activity continues to provide a stable source of demand. Aging housing stock, ongoing maintenance requirements and consumers' focus on improving existing homes continue to support spending on roofing, insulation, plumbing fixtures, coatings, fastening systems and other building products.
Manufacturers are also benefiting from premium product offerings, energy-efficient solutions, sustainable materials and digital design tools that help expand market share and improve pricing. Innovation in commercial interiors, architectural products and building efficiency solutions is creating additional growth opportunities, while restructuring and productivity initiatives are supporting profitability.
Zacks Industry Rank Indicates Dull ProspectsThe Zacks Building Products – Miscellaneous industry is a 35-stock group within the broader Zacks Construction sector. The industry currently carries a Zacks Industry Rank #170, which places it in the bottom 31% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bleak near-term prospects. 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.
The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of a lower earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group’s earnings growth potential. Since March 2026, the industry’s earnings estimates for 2026 have decreased to $4.29 per share from $4.32.
Despite the industry’s blurred near-term view, we will present a few stocks that one may consider adding to their portfolio. Before that, it’s worth taking a look at the industry’s shareholder returns and current valuation.
Industry Lags S&P 500 & SectorThe Zacks Building Products – Miscellaneous industry has underperformed the Zacks S&P 500 Composite and the broader Zacks Construction sector over the past year.
Over this period, the industry has gained 11.6%, below the broader sector’s 23.8% increase. Meanwhile, the Zacks S&P 500 Composite has gained 26.1% over the same period.
Industry's Current ValuationOn the basis of the forward 12-month price-to-earnings, which is a commonly used multiple for valuing building products’ stocks, the industry is trading at 18.92X versus the S&P 500’s 21.32X and the sector’s 22.26X.
Over the past five years, the industry has traded as high as 19.36X, as low as 10.61X and at a median of 16.04X.
5 Building Product Stocks to Buy NowWe have selected five stocks from the Zacks universe of building products that have solid growth prospects.
Argan: Based in Arlington, VA, Argan provides EPC and related services for power and renewable energy projects, along with industrial construction and telecom infrastructure services. The company has been benefiting from a robust pipeline of energy infrastructure projects driven by rising electricity demand from data centers, electrification, EV adoption and domestic manufacturing.
Management expects to secure several new projects over the next 10-18 months while maintaining the capacity to execute 10-12 projects simultaneously. Strong demand for combined-cycle natural gas plants, continued opportunities in industrial fabrication for data centers, expansion of its North Carolina facility and selective pursuit of renewable energy projects provide additional long-term growth avenues. The company's debt-free balance sheet, disciplined project selection and proven execution further strengthen its ability to capitalize on favorable industry trends.
Argan, a Zacks Rank #1 (Strong Buy) stock, has gained 252.5% over the past year. AGX has seen an upward estimate revision for fiscal 2027 earnings to $12.60 per share from $11.44 over the past 30 days, depicting analysts’ optimism for the company’s prospects. The estimated figure indicates 29.4% year-over-year growth for fiscal 2027 on 38% growth in revenues. The company’s earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, the average being 40.5%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Everus: Based in Bismarck, ND, Everus delivers contracting services across the United States. Robust demand across data centers, high-tech, hospitality, utility transmission and undergrounding markets, which is driving record backlog growth, has been benefiting the company. Everus is also expanding into new geographies, securing anchor projects with major customers that should create additional award opportunities over time.
Its acquisition of SE&M broadens exposure to attractive end markets such as pharmaceuticals, healthcare and complex industrial projects while strengthening its presence in the fast-growing Southeast. Management also expects continued growth through disciplined acquisitions, organic expansion, strong customer relationships and consistent project execution, backed by a healthy acquisition pipeline and record backlog.
Everus, a Zacks Rank #1 stock, has gained 153.4% over the past year. ECG’s earnings estimates have increased for 2026 earnings to $4.39 per share from $4.13 over the past 60 days. The estimated figure indicates 11.1% year-over-year growth for 2026, on 17% growth in revenues. The company’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 62%.
United Rentals: Headquartered in Stamford, CT, this company is the largest equipment rental company in the world. United Rentals' growth outlook remains supported by robust demand across large-scale construction and industrial projects, particularly in nonresidential construction, infrastructure, power, industrial manufacturing and data centers.
The company continues to expand its higher-growth specialty business through new branch openings and targeted fleet investments, while healthy demand for used equipment supports capital efficiency and strong free cash flow generation. Management also highlighted a multiyear pipeline of major projects, stable local markets, positive fleet productivity and disciplined capital allocation, prompting it to raise its 2026 revenues, EBITDA and capital expenditure guidance, reflecting confidence in another record year of profitable growth.
United Rentals, a Zacks Rank #2 (Buy) stock, has gained 44.4% over the past year. URI has seen an upward estimate revision for 2026 earnings to $47.26 from $47.07 per share over the past 30 days. The estimated figure indicates 12.4% year-over-year growth for 2026, on 7.1% revenue growth. The company’s earnings surpassed the Zacks Consensus Estimate in only one of the trailing four quarters and missed on the other three, with an average being negative 1.5%. It currently holds a VGM Score of B.
Simpson: Based in Pleasanton, CA, Simpson provides structural connection solutions for wood, concrete and steel globally. Despite a softer housing market, Simpson continues to see several long-term growth drivers. The company is gaining market share through new customer wins in its component manufacturing business, supported by cloud-based software, design tools and AI-enabled solutions that improve productivity.
Strong momentum in OEM products, including mass timber and prefabricated construction, also expands growth opportunities. In residential markets, cross-selling, new product launches and enhanced service offerings are helping increase content per home, while engineering expertise and code-compliant solutions position the commercial business for continued share gains. Management remains focused on delivering above-market growth through innovation and customer-centric execution.
Simpson, a Zacks Rank #2 stock, has gained 26% over the past year. SSD’s earnings estimates have increased for 2026 earnings to $9.17 per share from $8.98 over the past 60 days. The estimated figure indicates 11.3% year-over-year growth for 2026, on 4.1% growth in revenues. The company’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 8.8%.
Construction Partners: Based in Dothan, AL, Construction Partners is a civil infrastructure firm focused on building and maintaining roadways across eight U.S. states. Strong demand across both public infrastructure and private construction markets is encouraging for Construction Partners.
The company continues to benefit from rising investments in data centers, manufacturing facilities, warehouses and transportation infrastructure across the Sunbelt, while maintaining a record backlog that covers most of the next 12 months of revenues. Its disciplined acquisition strategy, greenfield expansion, organic growth initiatives and robust pipeline of acquisition opportunities further strengthen long-term prospects. Management also expects continued benefits from federal and state infrastructure spending, reinforcing confidence in achieving its ROAD 2030 growth targets.
Construction Partners, a Zacks Rank #2 stock, has gained 16% over the past year. ROAD has seen an upward estimate revision for fiscal 2026 earnings to $2.95 from $2.89 per share over the past 60 days. The estimated figure indicates 34.1% year-over-year growth for fiscal 2026, on 27.1% revenue growth. The company’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters and missed on the other two, with an average being 125.3%.
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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
SOMERVILLE, Mass., June 25, 2026 (GLOBE NEWSWIRE) -- DeepHealth, Inc., a leader in AI-powered health informatics and a wholly owned subsidiary of RadNet, Inc. (NASDAQ: RDNT), announces it has received FDA 510(k) clearances for two new Breast Suite1 functionalities:
Breast Arterial Calcification (BAC) Assessment, a tool applied to standard screening mammograms that automatically identifies breast arterial calcifications, a potential early indicator of cardiovascular disease;2Prior exam integration into ProFound Pro, which enables automatic processing of prior and current studies to track prior lesions and distinguish new lesions, with the goal of improving cancer detection rates and reducing recalls. ProFound Pro with prior exam integration will be brought to market as Mammo Dx.3 The two additions reinforce Breast Suite as the industry’s most comprehensive end-to-end breast imaging AI suite—a modular, interoperable portfolio of applications addressing real-world clinical needs across breast cancer screening and diagnostic pathways. Both newly FDA cleared functionalities are now commercially available in the United States.
“Our strategy has always centered around using AI to find disease early. BAC Assessment and Mammo Dx are proof points of that strategy: one adds a cardiovascular evaluation to a routine breast cancer screening mammogram and the other incorporates changes from past mammogram exams into current mammograms to improve cancer detection. Together, they transform Breast Suite into a fully integrated suite of solutions that give radiologists a more complete patient overview and added clinical confidence in two of the top causes of death in U.S. women,” said Niccolo Stefani, MD, Business and Product Leader, Population Health & Clinical AI, DeepHealth.
BAC Assessment analyzes standard 2D (FFDM) and 3D (DBT) mammograms, automatically identifying and flagging breast arterial calcifications within the radiology workflow with no additional imaging required beyond the mammogram. BACs visible on mammograms have been linked to an elevated risk of future cardiovascular events, including heart attacks and strokes.2 In clinical performance testing, DeepHealth’s BAC Assessment demonstrated more than 90% sensitivity and more than 88% specificity in identifying arterial calcifications across both dense and non-dense breast tissue.4 BAC Assessment is now commercially available and will be deployed across RadNet imaging centers in the U.S., providing additional real-world validation of its capability.
With the addition of prior exams, Mammo Dx enables the comparison of breast tissue over time amongst prior and current exams and helps radiologists identify subtle changes with lesions that may be undetected on a single-exam read. Mammo Dx brings prior findings into the interpretation process, supporting more informed clinical decision-making with the ultimate goal of helping reduce false positives and better determining when additional diagnostic procedures may be warranted.
With these clearances, DeepHealth’s Breast Suite now includes BAC Assessment, Mammo Dx for cancer detection and diagnosis, automated breast density assessment and future cancer risk assessment,5 alongside workflow tools that elevate radiologist performance and enhance operational efficiency. Today, components of Breast Suite support diagnostic accuracy6 and standardization of care7 across more than 10 million mammograms performed annually across the world.
About DeepHealth
DeepHealth is a wholly owned subsidiary of RadNet, Inc. (NASDAQ: RDNT) and serves as the umbrella brand for RadNet’s Digital Health segment. DeepHealth provides AI-powered health informatics with the aim of empowering breakthroughs in care through imaging. DeepHealth leverages advanced AI for operational efficiency and improved clinical outcomes in breast, chest, musculoskeletal, neuro, prostate and thyroid health. At the heart of DeepHealth’s portfolio is a cloud-native operating system – DeepHealth OS – that unifies data across the clinical and operational workflow. Thousands of imaging centers and radiology departments around the world use DeepHealth solutions to enable earlier, more reliable and more efficient disease detection, including in large-scale cancer screening programs. DeepHealth’s human-centered, intuitive technology aims to push the boundaries of what’s possible in healthcare. Learn more at deephealth.com.
About RadNet, Inc.
RadNet, Inc. is a leading national provider of freestanding, fixed-site diagnostic imaging services in the United States based on the number of locations and annual imaging revenue. RadNet has a network of owned and/or operated outpatient imaging centers. RadNet’s imaging center markets include Arizona, California, Delaware, Florida, Idaho, Indiana, Maryland, New Jersey, New York, Texas and Virginia. In addition, RadNet provides radiology information technology and artificial intelligence solutions marketed under the DeepHealth brand, teleradiology professional services and other related products and services to customers in the diagnostic imaging industry globally. Together with contracted radiologists, and inclusive of full-time and per diem employees and technologists, RadNet has over 11,000 team members. Learn more at radnet.com.
Forward Looking Statements
This communication contains certain “forward-looking statements” within the meaning of the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by words such as: “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “outlook,” “plan,” “potential,” “possible,” “predict,” “project,” “seek,” “should,” “target,” “will” or “would,” the negative of these words, and similar references to future periods. Examples of forward-looking statements include statements regarding our technology’s ability to stage-shift disease through proactive, timely intervention and discussions regarding our product features. Actual results could differ materially from those currently anticipated due to a number of risks and uncertainties, many of which are beyond RadNet’s control.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on management’s current beliefs, expectations and assumptions regarding the future of RadNet’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of RadNet’s control. RadNet’s actual results and financial condition may differ materially from those indicated in the forward-looking statements as a result of various factors. Neither RadNet, nor any of its directors, executive officers, or advisors, provide any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur, or if any of them do occur, what impact they will have on the business, results of operations or financial condition of RadNet. Should any risks and uncertainties develop into actual events, these developments could have a material adverse effect on RadNet’s business and the ability to realize the expected benefits of the technology. Risks and uncertainties that could cause results to differ from expectations include, but are not limited to: (1) the ability to recognize the anticipated benefits of the technology, and (2) the risk of legislative, regulatory, economic, competitive, and technological changes, and other risks and uncertainties described in the “Risk Factors,” “Management’s Discussion and Analysis,” and other sections of our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included elsewhere. Additional information concerning risks, uncertainties and assumptions can be found in RadNet’s filings with the Securities and Exchange Commission (the “SEC”), including the risk factors discussed in RadNet’s most recent Annual Report on Form 10-K, as updated by its Quarterly Reports on Form 10-Q and future filings with the SEC.
Forward-looking statements included herein are made only as of the date hereof and, except as required by applicable law, RadNet does not undertake any obligation to update any forward-looking statements, or any other information in this communication, as a result of new information, future developments or otherwise, or to correct any inaccuracies or omissions in them which become apparent. All forward-looking statements in this communication are qualified in their entirety by this cautionary statement.
DeepHealth Media Contact
Andra Axente
Director of Communications
+31614440971 [email protected]
RadNet Media Contacts
Jane Mazur
Senior Vice President, Corporate Communications
+1 585-355-5978 [email protected]
Mark Stolper
Executive Vice President and Chief Financial Officer
+1 310-445-2800
References
Breast Suite comprises multiple applications, including Mammo Dx, Breast Density, Safeguard Review, Risk Assessment, BAC Assessment, DeepHealth Viewer, Mammography Insights and Breast Ultrasound. DeepHealth Viewer is manufactured by eRAD, Inc. and distributed by DeepHealth, Inc. Mammography Insights is manufactured by Aquila, Inc. and distributed by DeepHealth, Inc. Any claims made about Breast Suite may reference claims associated with its individual components.Nandurkar et al., “Breast Arterial Calcification as a Predictor for Future Cardiovascular Events and Mortality: A Systematic Review and Meta-analysis,” Journal of Breast Imaging, 2026.The FDA-cleared software previously known as ProFound Pro is now marketed as Mammo Dx including priors. Mammo Dx retains the FDA-cleared capabilities of ProFound Pro and serves as the foundation for ongoing innovation, with additional features and enhancements being introduced over time.FDA 510(k) clearance K254131. Clinical Performance Testing.Not cleared for use in the U.S. Capability available in Europe.Louis, L. et al. “Equitable Impact of an AI-Driven Breast Cancer Screening Workflow in Real World US-wide Deployment.” Nature Health, 2025.McCabe et al. “Multistage AI-Driven Workflow Improves General Radiologist Screening Mammography Performance to the Level of Fellowship-Trained Breast Imagers: Real-world Evidence in >500,000 Patients.” RSNA Chicago. 2025.
SummaryCompaniesSubscription demand to increase as insurance options erode, analysts sayRivals are seeing growing demand for oral and cash-pay optionsDrugmakers benefit from selling to Hims' user baseNEW YORK, June 25 (Reuters) - Telehealth provider Hims and Hers Health (HIMS.N), opens new tab may get a boost next year from employers dropping coverage of weight-loss drugs like Novo Nordisk's (NOVOb.CO), opens new tab Wegovy and Eli Lilly's (LLY.N), opens new tab Zepbound and Foundayo to rein in costs, investors and analysts say.
Soaring use of the medications has pushed up costs for employers, some of whom plan to tell employees they will no longer pay for them in 2027, industry experts say.
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Instead, employees are expected to purchase direct-to-consumer products which include subscriptions from telehealth companies like Hims that bundle appointments with providers and access to the medicines.
Analysts currently estimate Hims revenue at $2.89 billion this year and $3.45 billion for 2027. Seven analysts have raised 2026 estimates for the company since May, boosted in part by its deal with Novo to sell its drugs.
About a third of the company's revenue comes from its weight-loss business, and it's growing, said Raul Shah, CEO of DocShah Financial, which owns less than 1% of Hims shares.
"I project that ratio to continue increasing as more Americans partake in the GLP-1 mania," he said, adding that he sees the U.S. weight-loss market shifting away from relying on insurance coverage.
A spokesperson for Hims and Hers declined to comment.
EMPLOYERS PUSH EMPLOYEES OFFEmployer-based plans are the most prevalent source of health insurance in the United States, with over 150 million Americans enrolled in them, KFF data showed.
About 43% of employers covered the drugs for weight-loss in 2025, and estimates for 2026 are about the same.
But 10% of employers currently covering GLP-1 drugs for weight loss said they planned to drop the drugs in 2027, according to the Business Group on Health, a policy research group for large employers.
Truist analyst Jailendra Singh said employers are directly driving cash-pay activity, through benefit guides and by advertising platforms like TrumpRx and manufacturer pharmacies. Health insurer Cigna (CI.N), opens new tab is one example, dropping coverage of the medications for its own employees.
Novo Nordisk and Eli Lilly offer cash-pay pricing through their pharmacies NovoCare and LillyDirect. Novo's Wegovy and Lilly's Foundayo weight-loss pills start at $149 per month for cash pay.
NOVO'S NEW PARTNERHims had become one of the largest U.S. telehealth providers of weight-loss drugs, even after shifting from mass compounding of alternative versions of Novo and Lilly drugs. The company missed earnings and revenue targets last quarter as it adjusted to new compounding rules with the branded drugs no longer in shortage.
Hims in March announced it would partner with Novo Nordisk for its branded drugs but would continue to sell compounded versions in special doses or formulations, as regulations allow.
Jamey Millar, executive vice president of U.S. operations at Novo Nordisk, said Hims and Hers has since brought in the most volume of its telehealth partners.
Analysts said it was too early to provide estimates on how many subscribers Hims gained from the Novo deal. Hims had 2.6 million subscribers in the first quarter, up 9% from the year-ago quarter.
"Second-quarter results should give us a little bit more perspective on how many new subscribers are joining the platform and how well the weight-loss portfolio is performing," said Morningstar analyst Keonhee Kim.
The majority of Hims' revenue comes from auto-renewed subscriptions, which for GLP-1 users cost $39 for the first month and $149 for following months. That comes with access to unlimited clinical consultations but does not include the cost of the medication.
Hims and Hers shares closed at $32.70 on Wednesday, down more than 50% from July of 2025, when they reached $72.
RIVALS SEE GROWING DEMANDRival telehealth companies including Noom, Ivim Health and Ro said they anticipate demand will continue to grow as prices fall.
A spokesperson for Columbus, Ohio-based Ivim said the company has seen a 345% increase in demand for the Wegovy pill since January. Ro has said the Wegovy pill has increased demand and brought in new customers, including men.
Because Hims already has a large, recurring customer base, the company provides drugmakers with a more appealing footprint than smaller rivals, analysts said.
Truist estimates that about 70% to 80% of new Hims weight-loss subscribers renew on a monthly basis, indicating it has remained competitive.
Facing a decline in corporate coverage, drugmakers like Novo may want to target people who are already at Hims and other subscription-based telehealth programs, rather than looking for additional patients itself.
"Pharma knows how to sell business to business," said Rajiv Leventhal, a healthcare analyst at commerce data firm eMarketer.
Reporting by Amina Niasse; editing by Caroline Humer and Bill Berkrot
Our Standards: The Thomson Reuters Trust Principles., opens new tab
CORAL GABLES, Fla.--(BUSINESS WIRE)--Del Monte Corporation (NYSE: FDP), a global leader in fresh and shelf-stable produce, today announced that it will ring the Opening Bell at the New York Stock Exchange at 9:30 a.m. ET on Monday, June 29, 2026, marking the company's first day of trading under its new ticker symbol, DMC. The bell-ringing ceremony follows the company's recent corporate name change from Fresh Del Monte Produce Inc. to Del Monte Corporation and represents a significant milestone.
Although artificial intelligence (AI) is the hottest trend and largest addressable opportunity since the advent and proliferation of the internet in the mid-1990s, it's not the only innovation stirring investor interest and leading to eye-popping returns on Wall Street.
By one estimate, quantum computing can create up to $1 trillion in global economic value by 2035. This enormous addressable market has been the fuel behind the parabolic gains we've witnessed in pure-play quantum computing stocks IonQ (IONQ 7.62%), Rigetti Computing (RGTI 8.93%), and D-Wave Quantum (QBTS 8.81%).
We've also observed this trio of quantum computing stocks rallying from U.S. government contract wins and/or funding.
Image source: Getty Images.
But things may not be as perfect as their skyrocketing share prices over the last two years would suggest. Arguably, the biggest red flag comes from the insiders who know IonQ, Rigetti, and D-Wave best.
Insiders are telling a worrisome tale with their actions An insider is a high-ranking executive, board member, or beneficial owner of at least 10% of a company's outstanding shares who may possess non-public information.
By law, insiders are required to file any transactions of their company's stock, including the exercising of option contracts, within two business days. These Form 4 filings are also made for the sake of investor transparency.
Since quantum computing stocks really burst onto the scene two years ago, we've witnessed a decisive tilt in insider trading activity. Specifically, Form 4s show an abundance of net selling by insiders since June 18, 2024:
IonQ: $454.1 million in net selling Rigetti Computing: $71.5 million in net selling D-Wave Quantum: $331.1 million in net selling Collectively, the most in-the-know individuals at the three hottest pure-play quantum computing companies have sold nearly $857 million of their stock over the trailing two years.
Today's Change
(
-7.62
%) $
-4.41
Current Price
$
53.44
There is, however, a caveat to the above data that should be taken into consideration. Most executives and board members receive a significant portion of their compensation in stock and options. Insider selling to cover federal and/or state tax liability isn't something that investors should be overly concerned about.
But while there are several reasons for insiders to sell shares of their company, not all of which are inherently nefarious, there's only one reason for insiders to buy shares of their company's stock: the expectation that it'll rise.
Looking back over the same trailing two-year timeline, insider buying has been virtually nonexistent. Though IonQ has had roughly $2.25 million in cumulative insider purchases, D-Wave Quantum's insider buying tallies just $1,795 over the last two years, while Rigetti doesn't have a single insider purchase.
Today's Change
(
-8.93
%) $
-1.90
Current Price
$
19.38
One possible reason insiders are keeping their distance is the otherworldly valuations of quantum computing stocks. Though these companies offer breakneck growth potential in the coming years, their price-to-sales ratios are firmly in bubble territory, based on what history tells us.
Furthermore, game-changing technologies have a terrible early stage track record since the mid-1990s. Investors commonly overestimate how quickly innovations will be adopted and/or optimized by consumers and businesses. Quantum computing is still incredibly early in its adoption phase, and we're nowhere close to seeing businesses deploy quantum solutions to boost their sales and profits.
If insiders aren't buying, why should everyday investors?
, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against POET Technologies Inc. ("POET" or "the Company") (NASDAQ: POET) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of POET during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: April 1, 2026 to April 27, 2026
DEADLINE: June 29, 2026
CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. The likelihood of POET being declared a passive foreign investment company ("PFIC") led it to misrepresenting its tax status. Based on these facts, POET's public statements were false and materially misleading throughout the class period.
If you are a shareholder who suffered a loss, contact us to participate.
WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.
Join the case to recover your losses.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]
, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against POET Technologies Inc. ("POET" or "the Company") (NASDAQ: POET) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between April 1, 2026, and April 27, 2026, inclusive (the "Class Period"), are encouraged to contact the firm before June 29, 2026.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. POET misrepresented its tax status due to the likelihood it would be deemed a passive foreign investment company ("PFIC"), which would have negative tax implications for individual investors. The Company's business prospects were endangered by CFO Thomas Mika violating a business agreement in a public interview. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about POET, investors suffered damages.
Join the case to recover your losses
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Space Exploration Technologies (SPCX 0.97%) hasn't even spent two weeks on public markets. And already, it has proven to be a highly volatile stock -- briefly surpassing Microsoft and Amazon in market cap before falling 32% from its all-time high at the time of this writing.
SpaceX is now up just 15% from its initial public offering (IPO) price of $135. Here's how the sell-off could affect the number of shares available and whether SpaceX is a good growth stock to buy now.
Image source: Getty Images.
SpaceX is dipping its toes into public markets SpaceX's float, which is the number of shares available for public trading, makes up roughly 5% of its outstanding shares. The vast majority of SpaceX stock is still held by insiders through restricted stock units and Early Release Eligible Shares. While insiders like Elon Musk have agreed not to sell their shares until after a 366-day lockup period, SpaceX has a tiered approach for allowing the sale of Early Release Eligible Shares held by employees and pre-IPO institutional investors.
SpaceX has been a private company for over two decades, and throughout its history, it has sold stock in several funding rounds. For now, those shares are locked up. And the fear is that once these early investors can sell at a price several times what they paid, SpaceX will come under intense selling pressure.
The first wave of unlocking Early Release Eligible Shares will come on or after the second full trading day following SpaceX's earnings release for the quarter ended June 30, 2026, when 20% of Early Release Eligible Shares may be sold. Even if a small portion of these shares is sold, it could drastically increase SpaceX's float.
SpaceX specifies in its Form S-1 filing with the Securities and Exchange Commission that an additional 10% of Early Release Eligible Shares may be sold on or after the second full trading day following its upcoming earnings report if SpaceX's stock price is at least 30% higher than its IPO price -- meaning $175.50 per share -- for at least 5 of the 10 trading days leading up to and including the earnings release date. SpaceX was well above that level a few sessions ago, but Monday's sell-off has pushed it below that critical threshold.
Today's Change
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%) $
-1.52
Current Price
$
154.59
Gradually unlocking Early Release Eligible Shares Even if SpaceX remains below $175.50 per share, its float could still significantly increase in the coming months.
An additional 7% of Early Release Eligible Shares can be sold 70, 90, 105, 120, and 135 days after the IPO, another 28% of shares in the second full trading day after the earnings release for the three months ended Sept. 30, 2026, and then all Early Release Eligible Shares may be sold 180 days after the IPO.
Date
Early Release Eligible Shares Available For Sale
2 days after the release of the quarter ended June 30 earnings
20% or 30%*
Aug. 31
7%
Sept. 10
7%
Sept. 25
7%
Oct. 10
7%
Oct. 25
7%
2 days after the release of the quarter ended Sept. 30 earnings
28%
Dec. 9
100%
*If SpaceX is above $175.50 per share for five of the 10 trading days leading up to and including the day of its earnings release for the quarter ended June 30, 2026. Date source: Securities and Exchange Commission.
The key takeaway is that, regardless of SpaceX's price, its float could significantly increase in August and September. However, even when 100% of Early Release Eligible Shares can be sold on Dec. 9, there's a chance that insiders could still hold more SpaceX shares than the public if insiders decide not to sell.
SpaceX's impact on ETFs SpaceX may have gone public on June 12, but investors have only caught a glimpse of the real demand for the stock, given that so much of its supply is still locked up. This summer marks the true test for SpaceX. With more shares hitting public markets, it remains to be seen whether selling pressure will outweigh buying demand. Whereas in the first few days after SpaceX went public, demand outweighed supply.
What's more, we have yet to see the full extent of SpaceX's impact on exchange-traded funds (ETFs) -- which could unlock a ton of demand. While SpaceX will have to wait until at least June 2027 to be added to the S&P 500 (^GSPC 0.10%), it could receive fast-track entry into the Nasdaq-100 in July. The Nasdaq-100 is the 100 largest non-financial stocks listed on the Nasdaq.
SpaceX's weight in the Nasdaq-100 will be based on a multiple of its float rather than its market cap. But even with a lower weighting than its value, SpaceX's addition to the Nasdaq-100 would prompt ETFs whose benchmarks are the Nasdaq-100 and growth-focused ETFs to automatically begin buying the stock. SpaceX could also become a top holding in ETFs that track the stock market sector it is added to.
With market dynamics driving SpaceX's price action rather than its underlying investment thesis, long-term investors may want to wait until public markets digest SpaceX before buying now, even after its latest sell-off.
Elon Musk's Space Exploration Technologies (SPCX 0.97%) made its market debut on June 12. It was the largest initial public offering (IPO) in history by two different measures. The company raised a record $75 billion, and the stock started trading with a record market capitalization of nearly $1.8 trillion.
SpaceX shares hit an all-time high of $202 on June 16, representing 50% upside from its IPO price of $135. That brought its market value to $2.6 trillion. But the stock has since tumbled 23% to $156 as of June 23.
Wall Street sees that as a buying opportunity. The median target price (from eight analysts) is $238.50 per share, implying 53% upside from the current price. But history says SpaceX stock will decline sharply in the coming months.
Image source: Getty Images.
History says SpaceX stock could drop sharply in the coming months IPO stocks frequently pop on the first trading day. Since 1980, more than 9,000 companies have listed shares on U.S. stock exchanges, and their share prices increased by an average of 19% on day one, according to Jay Ritter, finance professor at the University of Florida.
SpaceX fit that pattern perfectly. The stock closed 19% higher on the first trading day. But its recent backslide fits another historical pattern. Large IPOs have typically dropped sharply during their first year on the public market. The following chart illustrates that point. It includes the 15 largest U.S. IPO stocks (by market value at the IPO price) since 2006.
IPO Stock
Return During First Year
Max Drawdown During First Year
Meta Platforms
(31%)
(54%)
Uber Technologies
(21%)
(64%)
Rivian Automotive
(67%)
(80%)
Coinbase Global
(55%)
(55%)
Venture Global
(59%)
(75%)
Coupang
(62%)
(63%)
General Motors
(36%)
(42%)
Airbnb
25%
(14%)
Visa
0%
(25%)
Kenvue
(29%)
(32%)
DoorDash
(13%)
(40%)
Rocket Companies
(19%)
(23%)
UiPath
(74%)
(74%)
Snowflake
27%
(26%)
Robinhood Markets
(74%)
(80%)
Average
(33%)
(50%)
Data source: First Trust, Bloomberg.
Among the 15 largest IPOs in the past two decades, the average stock fell 50% from its IPO price at some point during the first year. And the average stock was still 33% below its IPO price at the end of the first year.
What does that mean for SpaceX? If its performance aligns with the historical average, the stock will fall 50% to $67.50 per share at some point during the first year. In addition, the stock will still trade 33% below its IPO price (implying $90 per share) by the end of the first year.
There is one more thing investors should know. A buy-and-hold strategy is usually the best way to profit in the stock market, but it hasn't worked for large IPOs. The 15 stocks shown in the chart have underperformed the S&P 500 (^GSPC 0.10%) by a median of 129 percentage points since listing shares.
In short, rather than participating in those IPOs, investors would have made more money by simply buying an S&P 500 index fund. That doesn't mean SpaceX will always be a bad investment. Instead, it means investors should wait for a more attractive buying opportunity.
Here's an example: Snowflake has underperformed the S&P 500 by 150 percentage points since listing shares in September 2020. But Snowflake has outperformed the S&P 500 by more than 20 percentage points since June 2024. Investors who waited for a better entry point have been rewarded with market-beating returns.
Today's Change
(
-0.97
%) $
-1.52
Current Price
$
154.59
SpaceX stock trades at an absurdly expensive valuation Admittedly, historical patterns don't dictate how any stock performs. Past results are no guarantee of future returns. But there is another reason to think SpaceX shares are headed lower in the future.
SpaceX's revenue totaled $19.3 billion in the past four quarters. Given its current market value of $2 trillion, the stock has a price-to-sales ratio of 104. That is absurdly expensive. For context, Palantir Technologies has the highest valuation in the S&P 500 at 55 times sales. That makes SpaceX nearly twice as expensive as the most richly valued stock in the index. That is unsustainable.
Here's the big picture: SpaceX stock is down 23% from its post-IPO peak, but history says shares have much further to fall. In addition, even if you ignore the historical data, SpaceX stock is absurdly expensive.
Trevor Jennewine has positions in Palantir Technologies and Visa. The Motley Fool has positions in and recommends Airbnb, DoorDash, Kenvue, Meta Platforms, Palantir Technologies, Rocket Companies, Snowflake, Uber Technologies, UiPath, and Visa. The Motley Fool recommends Coinbase Global, Coupang, and General Motors. The Motley Fool has a disclosure policy.
Ark Invest CEO Cathie Wood has once again placed an aggressive bet on a company led by Elon Musk. On June 12, Wood's investment firm bought 3.3 million shares in the Space Exploration Technologies (SPCX 0.97%) IPO across several of the firm's exchange-traded funds (ETFs).
Just 10 days later, Ark added another 210,121 shares across the Ark Innovation (ARKK +0.05%), Ark Autonomous Technology & Robotics (ARKQ 1.69%), Ark Next Generation Internet (ARKW 1.58%), and Ark Space & Defense Innovation (ARKX 1.89%) funds as SpaceX stock lost some momentum. These purchases reflect Wood's signature style of doubling down on long-term technological disruption during periods of short-term weakness.
Let's see whether smart investors should follow Wood's lead and buy the dip in SpaceX stock right now.
Image source: Getty Images.
Breaking down Ark's SpaceX position SpaceX now appears across four of Ark's ETFs. On June 12, ARKK acquired 1,690,839 shares, ARKQ bought 736,442 shares, ARKW added 325,562 shares, and ARKX purchased 538,341 shares. On June 22, the buying continued across all four of these funds.
The consistent presence of SpaceX across ARKK, ARKQ, ARKW, and ARKX suggests that Wood is spreading exposure while still concentrating capital among her highest-conviction names.
Today's Change
(
-0.97
%) $
-1.52
Current Price
$
154.59
Wood's decision to purchase SpaceX stock both on its IPO day and after the sell-off likely stems from her long-standing admiration for Musk's ability to execute ambitious visions in capital-intensive industries. For years, Wood has repeatedly expressed an abnormally high conviction in Tesla (TSLA 1.61%) -- maintaining a large position in the electric vehicle (EV) stock through multiple drawdowns. Wood believes that Tesla will ultimately come to dominate autonomous transportation through its robotaxi program.
At its core, Tesla represents the kind of step-change technology Wood seeks in her portfolio. SpaceX fits the same pattern. Reusable rockets, low-orbit satellite constellations, and an aggressive expansion into artificial intelligence (AI) infrastructure could unlock trillions in economic value over the coming decades.
When SpaceX sold off after the initial IPO pop, Wood appears to have viewed the weakness as an opportunity to buy shares at a lower valuation, rather than as a signal to retreat. Ark's history shows that it's willing to tolerate volatility in growth stocks, as long as the underlying innovation thesis remains intact.
Should you buy the dip in SpaceX stock? Retail investors considering following Wood's lead must weigh both the pros and cons of investing in SpaceX stock right now. On the positive side, Wood's early and persistent Tesla position has delivered multibagger returns as she stayed the course for many years. Given SpaceX's competitive edge in launch and satellite services, buying shares after an IPO-related sell-off could capture value if the company's long-term narrative holds.
However, Ark funds themselves have experienced sharp drawdowns when sentiment around concentrated bets sours.
ARKK data by YCharts.
SpaceX carries unique risks related to the regulatory environment, competition from other launch providers, and execution challenges on ambitious AI-related timelines. Investors who lack Wood's research resources, multi-year time horizon, and tolerance for double-digit percentage swings may find it more prudent to gain indirect exposure through diversified space or technology-themed funds, rather than replicating the exact Ark playbook.
Ultimately, mirroring any single money manager's concentrated position requires matching both their conviction and their risk tolerance. In my eyes, the better play right now is to let SpaceX's volatility play out and watch from the sidelines. Investors will have many more opportunities to buy company shares, both directly and indirectly through passive funds, over time.
Wally Skalij/Getty; Getty Images; Tyler Le/BI Mark Zuckerberg is realizing there's a limit to ruthless efficiency
Wally Skalij/Getty; Getty Images; Tyler Le/BI
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2026-06-25T08:07:01.631Z
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Early last year, Meta's chief technology officer, Andrew Bosworth, had a clear message for his staff. "You should quit if you feel that way," he told one employee who said workers were being treated poorly. "You should consider working elsewhere," he told another person who questioned controversial changes at the business. He was reinforcing the company Meta had spent the last few years trying to become: a lean, fast, high-pressure organization that no longer had the patience for internal debate. "You can leave," Bosworth said, "or disagree and commit."
But this month, in a memo and a meeting with employees, Bosworth sounded like a different person. Morale is "probably one of the worst it's ever been," he said, adding that the business had done "an atrocious job" with its recent restructuring. "We've undermined the trust you have that your specific expertise and contribution will be valued."
Since 2022, Meta has remade itself around a ruthless management playbook that helped define a new era in Silicon Valley. Through relentless layoffs and many other unpopular decisions, executives charged ahead, emboldened by record profits and apparently immune to the building discontent. Bosworth's comments last week were different — an acknowledgement that Meta's leadership may finally be confronting the costs of its actions.
Meta's workforce is at a breaking point. Employees in the UK are trying to form a labor union, decrying executives' "cruel and shortsighted behaviors." More than 1,600 workers have signed a petition demanding that Meta stop tracking employees' keystrokes to improve its AI models. As Wired reported this month, things have gotten so bad that one frustrated employee hijacked a livestreamed meeting with a profanity-laced outburst directed at an executive. Another compared working in a new AI-training unit to the gulag. Others are so dejected they're actually praying to get laid off so they can leave with at least some severance.
Against this backdrop, Bosworth was one of several executives in recent weeks scrambling to do damage control. Chief Product Officer Chris Cox acknowledged the "insanity of this company" that created a "difficult" and "brutal" environment. CEO Mark Zuckerberg admitted "we've made mistakes."
It's unthinkable that Mark Zuckerberg would be a credible spokesman for change.Sandra Sucher, a professor of management practice at Harvard Business School"It's a classic example of chickens coming home to roost," says Sandra Sucher, a professor of management practice at Harvard Business School. "They have almost systematically destroyed trust. They are trying to figure out how to dig themselves out of the hole that they dug."
The digging started with a mass layoff of 11,000 people in late 2022, which Zuckerberg was at least apologetic about. The company then slashed another 10,000 jobs the next spring in what Zuckerberg hailed as a "year of efficiency," and then another 3,600 in 2025 that he said was to get rid of "low performers," effectively torpedoing some workers' job searches (many of them, it turned out, had received good performance reviews). In March this year, news leaked that the company was about to ax even more jobs, but it didn't confirm the cuts for weeks and didn't notify those affected until May, sending everyone into a nauseating, two-month purgatory. In April, amid the limbo, Meta announced it would start tracking employees' keystrokes, stoking fears that the company wanted to automate their work. And in May, as it laid off 8,000 employees, it reassigned another 7,000, many of them to menial jobs that involve training AI. Meta declined to comment on this story.
In a meeting with Instagram employees this month, Cox compared working there to "running a marathon in the middle of a hailstorm and then, like, your teammate gets replaced and then we're recording you." He added: "It's like what the fuck."
For employees caught in the hailstorm, it must have felt validating for an executive to empathize with their situation. But surely he and the rest of Meta's leadership knew all these things would make employees unhappy, and yet they did them anyway. So why the sudden mea culpa?
Perhaps all the anger, dissatisfaction, and open rebellion was harming productivity. Or the particularly public nature of Meta's dysfunction, with the crescendo of news reports, had become a liability for its reputation with investors. Or maybe executives finally realized what had become patently obvious to everyone else — that whatever Meta was doing just wasn't working. The whole point of adopting this hard-charging management style was to get employees to innovate faster and catch up to competitors like OpenAI, Anthropic, and Google in the all-consuming battle over AI. Instead, Meta has been falling farther and farther behind. Last year, the company delayed — and ultimately never released — what was supposed to be its flagship AI model after engineers reportedly struggled to improve its capabilities; this year, it has repeatedly pushed back another model's rollout to developers.
Which raises the question: Was the post-2022 Meta a huge mistake? Decades of management research suggest fear and instability are a surefire way to hemorrhage star employees, struggle with recruiting new hires, and suppress the kind of creative risk-taking that leads to meaningful breakthroughs.
"I hope we can rekindle the best of the culture we joined," Bosworth said. "One where people have the psychological safety to take risks and do the right thing over a long period of time."
Sucher, who studies trust inside organizations, says executives are making the right move by acknowledging what they did wrong. So are the small concessions they have made in recent weeks, including promising to reduce the size of teams managers oversee, scale back the keystroke-monitoring program, and increase budgets for social events so employees spend more time with each other. Employees who had been reassigned to AI training roles also now have the opportunity to opt into a different role of their choice, the company announced internally this week.
But the real first step, Sucher advises, is for Zuckerberg himself to offer a proper apology that actually includes the word "sorry." And most importantly, she says, Zuckerberg needs to make a credible commitment that he won't keep making the same fundamental error: treating his employees as if they're not human beings deserving of respect and care. That means understanding that workers don't watch their colleagues get laid off, submit to surveillance, and get moved into unwanted assignments — and then magically go back to doing their best work.
"It's very hard to turn the ship on these things," she says. "Usually, it requires a new leader. It's unthinkable that Mark Zuckerberg would be a credible spokesman for change."
Whether that ship will actually turn is a big question for the 70,000 or so people who remain at Meta. It also matters for the rest of the tech industry. We now look back at November 2022, when Meta became the first tech giant to conduct mass layoffs, as the beginning of Silicon Valley's take-no-prisoners era. Will Meta executives' recent comments mark a real course correction at the company and beyond — or just a temporary pause before they return to their harsher ways?
There are some hopeful glimmers. In recent months, both Google and Microsoft have been opting to offer voluntary buyouts over mass layoffs, a more humane approach that helps preserve morale. Zuckerberg himself has promised a period of stability, pledging to hold off on any more big job cuts — at least through the end of the year.
Aki Ito is a chief correspondent at Business Insider.
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Aki Ito You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Aki Ito is a chief correspondent at Business Insider, writing about all things work. Her biggest features have reported on burnout, salary transparency, hustle culture, the dangers of AI, and the end of workplace loyalty. She also frequently writes about remote and hybrid work, the white-collar recession, the tech layoffs, job searching, and management. In 2022, Aki's story about people refusing to go above and beyond on the job sparked the national firestorm over quiet quitting. That story, along with her feature about hustle culture, won the National Press Club's award for cultural criticism and was a finalist for the Gerald Loeb Award in commentary. Aki's journalism has also won awards from organizations including SABEW, the New York Press Club, the San Francisco Press Club, the Institute on Political Journalism, the Webbys, the Northern California chapter of the Society for Professional Journalists, and the Society of Publishers in Asia.Before joining Business Insider, Aki was a reporter and editor at Bloomberg News for 10 years, covering the tech industry, the Federal Reserve, and Japan's economy.
Investors initially liked Uber Technology's (UBER +5.71%) first-quarter results. After reporting earnings on May 6, the stock shot up 8.5%, to close at $79.17. However, the share price has subsequently fallen.
But long-term investors shouldn't concern themselves with day-to-day trading. However, you can look at quarterly results to determine the company's trend and whether it's heading in the right direction.
It's time to look closer at Uber's results and future prospects.
Image source: Getty Images.
Positive results Uber consists of mobility (connecting riders with drivers), delivery (picking up and delivering food), and freight (connecting shippers and carriers). Mobility remains the largest revenue source, accounting for 56% of the company's first-quarter top line. Delivery is also responsible for a significant share, including 33% of the period's revenue.
The company continued to grow key metrics. This includes gross bookings, which gained 25% year over year, to $53.7 billion. The growth was driven by the mobility and delivery divisions' 25% and 28% growth, respectively.
This helped push Uber's revenue 10% higher after removing foreign-currency translations, to $13.2 billion. It's also a very profitable company, with operating income under generally accepted accounting principles (GAAP) jumping 57% to $1.9 billion.
Is autonomous driving a game changer? The company continued its push into autonomous vehicles, launching Uber Autonomous Solutions, which it hopes will help partners over the top to build and commercialize fleets that Uber will use.
It has made significant investments in self-driving cars, including a significant equity stake in Lucid Motors. Clearly, Uber believes in the technology.
If it can eliminate drivers, Uber will save a lot of money, vastly improving profitability. Cost of revenue, which includes drivers' pay, is the company's largest expense.
Still, it's worth noting that there have been hurdles in implementing self-driving autos. For instance, Apple abandoned its years-long effort to build a self-driving car. Alphabet operates its self-driving cars in select markets, but it's working out the kinks. Tesla has also been pushing into the area.
The big commitment is likely a major reason why Uber's stock has underperformed the market. The shares have lost 14.7% over the last year, through June 21. During this period, the S&P 500 index returned 26.7%, including dividends.
Today's Change
(
5.71
%) $
3.98
Current Price
$
73.65
Still, with the company's core mobility and delivery businesses growing, I'd use the price dip as an opportunity to buy Uber's shares despite challenges in the autonomous vehicle arena.
Lawrence Rothman, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Apple, Tesla, and Uber Technologies. The Motley Fool has a disclosure policy.
Uber (UBER) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Noam Shazeer is leaving Google to join OpenAI. Winni Wintermeyer for The Washington Post via Getty Images If you want to see a person's eyes light up at a Silicon Valley party, just say the words "pre-IPO equity." It works.
Google's sudden AI talent losses may have less to do with dissatisfaction and more to do with a timeless Silicon Valley calculation: where the biggest equity upside lives.
Bloomberg reported Tuesday that two key Gemini researchers, Jonas Adler and Alexander Pritzel, are leaving Google for Anthropic, adding to a growing list of high-profile departures from the search giant. The moves follow recent exits by AI luminaries, including Noam Shazeer and Nobel Prize winner John Jumper.
It's tempting to frame these departures as a verdict on Google's AI strategy. That could be part of it — Google has many priorities, while Anthropic and OpenAI are razor-focused on the AI frontier. That's attractive to AI talent.
A simpler explanation may be financial, though.
For elite Silicon Valley talent, moving from a mature public company to a fast-growing startup has long been one of the most reliable paths to outsized wealth creation — especially if the startup is an IPO candidate.
At Google, compensation is mostly tied to RSUs at a company that already commands a market capitalization of over $4 trillion. The upside is substantial but relatively predictable.
At Anthropic or OpenAI, the equation could be very different. Researchers who join now can receive meaningful chunks of pre-IPO equity. If those companies eventually go public — perhaps in late 2026 or 2027 — those grants could appreciate dramatically once lockup periods expire.
Shazeer offers a case study of how lucrative it can be to jump around amid an AI boom.
He left Google in 2021 to cofound Character.AI. About three years later, Google paid roughly $2.7 billion through a licensing deal that brought him back. Because Shazeer owned a sizable stake in the startup, he made hundreds of millions of dollars by selling his stake as part of the deal, according to the Wall Street Journal.
About 20 months later, he's on the move again. This time he joined OpenAI, which recently filed confidentially for an IPO. Assuming he got fresh equity as part of the switch, Shazeer has once again positioned himself for another highly lucrative liquidity event.
Top AI researchers will likely tell you the talent war is about building the future. But it's also about owning a larger piece of it.
Sign up for BI's Tech Memo newsletter here. Reach out to me via email at [email protected].
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Alistair Barr You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Alistair Barr is the author of Business Insider's Tech Memo newsletter. Sign up here. Before that, he was BI's Global Tech Editor and the Big Tech team leader at Bloomberg, following a reporting career at The Wall Street Journal, USA Today, Reuters, and MarketWatch. Alistair won a Gerald Loeb Award in 2007 for coverage of short selling and was a finalist in 2013 for scoops on the Facebook IPO. More recently, he won a 2024 San Francisco Press Club award for commentary. Got a tip? Reach out using the secure messaging app Signal (+1 415-341-4927) or via email on [email protected] oversees all things Big Tech, along with startups and venture capital. He writes analysis and columns about topics including generative AI, large language models, cloud computing, semiconductors, online search, e-commerce, EVs, robotics, and autonomous vehicles.Popular StoriesArtificial Intelligence:It's getting harder to make big leaps at the frontier of AIOpenAI's AI-adjusted earnings numbers have echoes of Groupon and WeWorkDeath by LLM: Stack Overflow's decline, and its plan to survive, shows the future of free online data in an AI worldCloud computing:Amazon dominated the first cloud era. The AI boom has kicked off Cloud 2.0, and the company doesn't have a head start this time.In cloud, there's AI (which is hot) and everything else (which is not)Chips:Why Intel is still so important: Real countries have fabsApple's made-in-the-USA chips signal a turnaround for the US's big semiconductor betEVs and Tesla:Tesla's AI supercomputer has a Silicon Valley town rushing to meet surging electricity demandTesla's Cybertruck is outselling almost every other EV in the USOnline Search:Google is losing its status as a verbA simple way to fix search: Bright pink ads
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The Amazon logo is seen at its newly inaugurated office in Bengaluru, India, February 23, 2026, REUTERS/Priyanshu Singh Purchase Licensing Rights, opens new tab
June 25 (Reuters) - Amazon (AMZN.O), opens new tab said on Thursday it will invest an additional $13 billion by 2030 in India to expand its AI and cloud infrastructure.
The new investment is in addition to its planned $35 billion funding announced last year, taking the e-commerce firm's investment in the country to $48 billion through 2030.
Get the latest news from India and how it matters to the world with the Reuters India File newsletter. Sign up here.
The announcement follows a meeting between Amazon CEO Andy Jassy and Indian Prime Minister Narendra Modi on Thursday in New Delhi.
"Shared that we're investing $48 billion over the coming five years, including $21+ billion in AI and cloud infrastructure," Jassy said in a post on social media platform X.
The $13 billion investment will support AI and cloud infrastructure across the Mumbai and Hyderabad regions, the company said in a statement.
Major U.S. tech firms have invested billions of dollars in India, underscoring the country's emergence as a strategic hub for cloud, AI and deep‑tech growth.
Microsoft (MSFT.O), opens new tab has pledged a $17.5 billion investment in India for AI and cloud infrastructure, while Google (GOOGL.O), opens new tab has committed $15 billion over the next five years to build AI data centers.
Reporting by Abinaya V and Akanksha Khushi in Bengaluru; Editing by Saumyadeb Chakrabarty
Our Standards: The Thomson Reuters Trust Principles., opens new tab
An Amazon warehouse employee THOMAS SAMSON/AFP via Getty Images Amazon thinks one of its biggest warehouse efficiency opportunities lies in jobs that generate little operational data. A new wearable-device system could change that.
Internal documents reviewed by Business Insider show Amazon is testing a new program called Right Station Link that uses a wearable device to automatically capture check-in and labor-hours data for "indirect" support roles, such as equipment maintenance, safety coordination, and floor management, that have historically been harder to track.
Unlike warehouse workers at packing stations, employees in indirect roles frequently move between assignments throughout a shift. Amazon expects the new devices to "improve labor tracking accuracy" and "reduce non-productive labor hours," one of the documents stated.
According to one of the internal documents from March, these indirect roles account for roughly $2.8 billion worth of labor spending, or 85 million labor hours. At the time of the analysis, conducted last year, many of those roles lacked the "digital signals" needed to automatically confirm worker presence.
"Right Station Link brings automated labor hour measurement to $2.8B of manually tracked labor spend in one deployment, enabling labor automation for all sortation roles," one of the documents stated.
The initiative is part of Amazon's next warehouse efficiency push. The company spent years streamlining how packages move. Now it's applying the same playbook to people, betting that smarter worker assignments and better labor monitoring can unlock millions of dollars in savings.
Wearable scannersInternal documents show Amazon initially planned to rely on Zebra WS501 wearable scanners. Workers usually wear this scanner on the back of their hand. They get assignments and break notifications through the device, while missed check-ins automatically send alerts to managers, according to the documents.
Before Right Station Link, check-in and assignment data for many indirect roles was not automatically captured by Amazon. Managers instead documented station changes "manually on a digital platform," according to an Amazon spokesperson.
The internal documents show Amazon became concerned that some managers were assigning more workers to indirect roles than staffing models recommended and were relying on manual time edits that made labor allocation harder to track consistently.
Amazon later eliminated manual time editing and required labor hours to be coded through its internal staffing system, which internal analysis suggested improved productivity.
Right Station Link is intended to help indirect workers "adhere to staffing assignments," while reducing "idle time," one document stated.
The Amazon spokesperson told Business Insider that during a pilot test, some managers were more cautious around their staffing needs to ensure they had enough employees to process volume, and they were not trying to "game the system."
Delivery delaysAmazon wants to expand Right Station Link to all North American warehouses before the holiday peak season, according to one of the documents.
However, company leaders warned that Zebra device delivery delays could create "significant risk" to deployment timelines and reduce expected financial benefits, the internal documents show.
To address that, Amazon is making its software compatible with other devices and plans to use existing scanners already deployed throughout its facilities. The company spokesperson said Right Station Link is not dependent on any specific hardware model and expansion plans may change. It's been testing hand-held devices as well as wearables, although employees prefer wearables, according to the spokesperson.
"Right Station Link is being piloted at a small number of sites, and any potential future expansion plans are entirely speculative," Amazon said. "As we test, we're being deliberate about where this technology makes sense, and where it doesn't."
The company said the system does not measure individual productivity or track workers' real-time movements.
"A natural extension"Before publication, the spokesperson told Business Insider that the premise of this story was "inaccurate" because it drew overly broad conclusions from incomplete data.
This spokesperson described Right Station Link as a tool that lets employees check into stations and receive assignment updates, calling it a "natural extension" of existing workforce-management processes.
The $2.8 billion figure does not represent "excess or waste" spending, but a "theoretical modeled opportunity" of a specific category of data that had not yet been integrated into Amazon's staffing platform at the time of the analysis, the spokesperson added.
"Right Station wasn't developed to solve 'visibility' issues in our network — its intent is to streamline one element of our staffing processes through improving on our existing systems," the spokesperson said. "As is industry standard, we digitally track employee hours to ensure we're appropriately staffing our facilities to safely deliver on our customer promises."
Measurement challengesIndirect roles have been difficult for warehouse operators to measure.
Unlike pickers or packers, whose productivity can be tracked through units processed, support functions such as maintenance and training are harder to quantify, according to Steve Tracey, a supply chain management professor at Penn State University. As a result, companies often rely on labor tracking and outcome-based metrics, such as equipment uptime and safety performance, to evaluate those roles, he said.
The Amazon spokesperson disputed suggestions that the company had difficulty capturing this data, saying the information already exists in its systems.
Right Station Link simply gives employees a device for receiving assignments and sending updates throughout the day, the spokesperson added, comparing it to a hotel maintenance worker using a handheld device to receive service requests and notify management when work begins.
Have a tip? Contact this reporter via email at [email protected] or Signal, Telegram, or WhatsApp at 650-942-3061. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.
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Eugene Kim You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Eugene is Business Insider’s Chief Tech Correspondent, where he leads coverage of Amazon. His reporting spans the company’s retail operations, AWS, Alexa, and its secretive internal work culture.Previously, he worked at CNBC, Fortune Magazine Korea, and Japan's Yomiuri Shimbun. He holds degrees from NYU and Columbia University’s Graduate School of Journalism.In 2022, Eugene broke a story uncovering Amazon’s practice of deceptively enrolling customers in Prime and deliberately making cancellation difficult. A year later, the Federal Trade Commission sued the company, citing his reporting. That case culminated in a record $2.5 billion settlement in 2025.His reporting has earned multiple honors, including the SF Press Club’s Bay Area Journalism Award and SPJ NorCal’s Excellence in Journalism Award.Eugene lives in the Bay Area. Contact him via email at [email protected], or Signal, Telegram, or WhatsApp at 650-942-3061. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely. ExpertiseAmazon, Jeff Bezos, Andy Jassy, e-commerce, and cloud computing.Popular ArticlesAmazon:Internal Amazon emails give an exclusive look at how CEO Andy Jassy has started to run the company, with obsessive attention to the retail business and what some employees feel is micromanagingAndy Jassy will be the next CEO of Amazon. Insiders dish on what it's like to work for Jeff Bezos' successor, who built AWS into a $40 billion business.Internal documents show Amazon has for years knowingly tricked people into signing up for Prime subscriptions. 'We have been deliberately confusing,' former employee says.Inside Amazon's flailing brick-and-mortar ambitions: missed projections, pressure to cut costs, and a war with Whole FoodsInside Amazon's complex employee-review system, where workers feel left in the dark and managers expect to give 5% of reports bad reviewsAfter 28 years, 'Day 2' finally arrives at AmazonAWS, Alexa, healthcare:Inside Amazon's struggle to break into the lucrative market for SaaS business applications, including an internal pitch to buy $38 billion HubSpotInside Amazon's struggle to crack Nvidia's AI-chip dominanceAmazon's AI data center dream runs into the reality of 'zombie' facilities, higher costs, and labor shortagesAmazon is gutting its voice assistant, Alexa. Employees describe a division in crisis and huge losses on 'a wasted opportunity.'Amazon is working on a new 'Remarkable Alexa,' but internal politics and technical issues plague the projectAmazon projected huge losses from its healthcare business in 2024, but strong sales growth, internal document reveals
Amazon automation Exclusive More Wearables eCommerce
Amazon has announced plans to invest an additional $13 billion in India to expand its artificial intelligence and cloud infrastructure, taking its total planned investment in the country to $48 billion between 2026 and 2030.
The fresh commitment builds on the company’s previously announced $35 billion investment across its India businesses in December 2025.
The company said the expansion is aimed at giving startups, enterprises, and government organisations access to custom AI chips, managed AI services, secure cloud technologies, and developer tools.
The announcement comes as Amazon steps up its long-term investment plans in India across cloud, ecommerce, and logistics, while also pushing deeper into AI-led services and infrastructure.
Amazon said the new investment will primarily support AI and cloud expansion in India.
The company plans to increase AWS data centre capacity in Mumbai and Hyderabad as demand rises from businesses, startups, and public sector organisations looking to build and scale AI applications.
The investment reflects Amazon’s broader push into AI infrastructure globally, a strategy Amazon CEO Andy Jassy has also linked to the need to spend aggressively during what he has described as a major technology shift.
Alongside AI and cloud spending, Amazon said it will continue investing in the operations network that supports its e-commerce and quick commerce businesses in India.
The company plans to launch more than 20 new fulfilment centres and over 100 new last-mile delivery stations this year.
It said the expansion is intended to speed up deliveries across the country, particularly in tier 3 and tier 4 cities.
Amazon said its India operations network already serves customers in every pin code in the country.
Amazon also highlighted “Sammaan”, a programme aimed at supporting delivery associates through scholarships for their children, access to government benefits and financial inclusion programmes, insurance coverage, and on-road safety measures.
The company said a portion of its recently announced $300 million investment in operations and associate well-being in India will be directed towards scaling these initiatives.
Amazon said its cumulative investments in India from 2010 to 2030 now stand at more than $88 billion.
According to the company, it has digitised 12 million small businesses in the country, enabled more than $20 billion in cumulative ecommerce exports, supported 2.8 million jobs, and trained over 10 million Indians in cloud skills.
Through 2030, AMZN said it will focus on AI-led digitisation, export growth, and job creation.
The company said it has committed to supporting 3.8 million jobs, enabling $80 billion in cumulative exports, extending AI benefits to 15 million small businesses, and providing AI education to 4 million government school students.
The announcement comes alongside a busy period for Amazon globally and in India.
AMZN this week launched its 12th annual Prime Day event, a four-day shopping campaign spanning more than 35 countries.
The event is significant for the company because it is one of the biggest moments on the retail calendar and offers insight into consumer spending trends.
This year also marks the first time since 2021 that Prime Day is being held in the second quarter.
It is also the first major retail event since Amazon introduced its AI-powered shopping assistant, Alexa for Shopping, in May.
Meanwhile, Amazon recently said it had become water positive in India ahead of its 2027 target.
The company said it now returns more water to communities than it uses across its direct operations in the country, including offices, fulfilment centres, and data centres.
The update comes as major technology companies face increasing scrutiny over the environmental impact of expanding data centre infrastructure, particularly as AI-related investments continue to accelerate.
Amazon plans to invest an additional $13 billion to expand artificial intelligence and cloud infrastructure in India, taking its total investment in the country to $48 billion between 2026 and 2030.
These funds will be used to expand AWS data center capacity in Mumbai and Hyderabad, the company said in a statement on Thursday. In December last year, Amazon had pledged to invest $35 billion, as hyperscalers raced to get a foothold in the Indian market.
Amazon CEO Andy Jassy said the company is committed to being "a long-term partner in India's growth story" and wants to align with the country's "priorities of democratizing access to AI, digitizing small businesses, creating jobs, and enabling exports."
Jassy met Indian Prime Minister Narendra Modi on Thursday and highlighted the importance to Amazon of India, where the company operates several businesses spanning e-commerce, AI, cloud, and entertainment.
The company said its total investment in India between 2010 and 2030 stands at $88 billion.
Through its data centers, Amazon hopes to provide Indian startups, enterprises, and government organizations with access to custom AI chips, managed AI services, and secure and reliable cloud technologies.
Last December, India secured investment to the tune of $50 billion within 24 hours from U.S. big tech companies such as Amazon and Microsoft. Google, another major hyperscaler, is also investing $15 billion to build data center capacity for a new artificial intelligence hub in southern India.
India does not yet produce cutting-edge chips domestically, nor does it have a frontier-scale foundation model on a par with leading U.S. or Chinese models. However, the data center space in the country is growing rapidly.
To encourage the development of data centers in India, the Indian government has offered long‑term tax breaks to major global hyperscalers.
"India's DC industry is emerging as one of the fastest growing globally," global brokerage Nomura said in a report earlier this month. India's data center capacity has risen to around 1.6GW in 2025 from 350MW in 2019, implying a 29% compounded annual growth versus 20% globally.
The logo of Amazon is seen at the company's logistics center in Bretigny-sur-Orge, near Paris, France, November 28, 2025. REUTERS/Stephanie Lecocq Purchase Licensing Rights, opens new tab
CompaniesBRUSSELS, June 25 (Reuters) - Amazon (AMZN.O), opens new tab and Microsoft's (MSFT.O), opens new tab cloud computing services should be designated gatekeepers under EU rules aimed at reining in the power of Big Tech, EU antitrust regulators said on Thursday.
Amazon Web Services and Microsoft Azure, the two largest cloud providers globally, should be designated gatekeepers under the Digital Markets Act which sets out a list of dos and don'ts to ensure a level playing field, the European Commission said.
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The preliminary findings by the EU competition enforcer came after a seven-month long investigation.
Amazon said the preliminary assessment disregard the breadth of cloud services available to European customers and risk deterring European investment and innovation.
Microsoft pointed to its rival Google's growing power.
"We remain concerned that ignoring the growing power of Google Cloud and Gemini will tilt the market in a harmful way," a Microsoft spokesperson said.
Reporting by Foo Yun Chee; Editing by Sudip Kar-Gupta
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Press Release
Nokia to provide intelligent connectivity for Finnish Border Guard counter-drone initiative nationwide
Nokia Defense joins Finnish-Nordic consortium to strengthen counter-UAS border securitySecure, scalable connectivity enables real-time threat detection and interoperable mission-critical operations across land and sea 25 June 2026
Espoo, Finland – Nokia today announced its participation in a new industrial consortium led by the Finnish Border Guard to develop the next-generation counter-drone capabilities for patrol vehicles and boats. Nokia’s Defense unit will help support border security duties, surveillance, protection of territorial integrity and the safeguarding of critical infrastructure by providing an intelligent network solution that enables secure, high-performance connectivity, real-time data exchange and interoperability across systems.
The initiative supports the Finnish Border Guard’s goal of building a sovereign, integrated counter-unmanned aerial systems (UAS) and threat detection capability to be deployed nationwide. By connecting platforms, sensors and command-and-control systems, the solution is designed to deliver enhanced real-time situational awareness and enable faster, more coordinated responses to evolving multi-domain threats.
Nokia’s role reflects the growing importance of trusted and intelligent connectivity as a foundation for modern defense and border security. As drones become more accessible and widely used, threat detection, sensing and connectivity must work seamlessly to protect personnel, infrastructure and mission effectiveness. Through the consortium, Nokia Defense will work with key partners to support a scalable, future-ready system aligned with national and allied requirements.
“Reliable, secure connectivity is becoming essential to how defense organizations detect, understand and respond to fast-moving threats. By contributing Nokia’s intelligent connectivity and sensing technology to this consortium, we are helping build an operational and interoperable solution that gives border authorities the real-time awareness and resilience they need in complex land and maritime environments,” said Mikko Hautala, Chief Geopolitical & Government Relations Officer, and Chairman, Nokia Defense.
The Finnish Border Guard initiative includes the procurement and deployment of evaluation platforms, connectivity and sensing capabilities, and system integration. The solutions will be evaluated during 2027 and early 2028.
Multimedia, technical information and related news
Web Page: Defense communications
About Nokia
Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, we’re advancing connectivity to secure a brighter world.
Nvidia CEO Jensen Huang Chris Jung/NurPhoto via Getty Images Nvidia's dominance in AI is moving beyond chips.
For the first time, the company became the top vendor by revenue in data center Ethernet switches — the networking gear that helps connect AI chips inside data centers, according to market research firm IDC.
This market is growing fast because cloud giants and other large businesses are pouring hundreds of billions into building out AI data centers. IDC research vice president Paul Nicholson called Nvidia's ascension "one of the most significant vendor landscape shifts IDC has tracked in enterprise networking."
In the first quarter of 2026, Nvidia generated $2.1 billion in data center Ethernet switch revenue — a 21.5% share of the market. That's up from 4% in the first quarter of 2024, said IDC senior research manager Brandon Butler.
Nvidia has pushed ahead of rivals like Arista Networks, which held a 20.7% share of the data center Ethernet switch market in the first quarter of this year. Other major players include Cisco, Huawei, and HPE.
The data center Ethernet switch market totaled $10 billion in the first quarter, according to IDC, growing 61% from a year earlier.
IDC attributed Nvidia's growth in networking revenue to its Spectrum-X product, "a tightly integrated system" that's designed to work closely with its AI chips, Butler said.
Butler said Nvidia's approach appeals to cloud giants looking to build quickly and avoid piecing together parts from multiple vendors. The trend also reflects a broader shift of companies buying networking and computing products together, IDC said.
The chip giant has increasingly highlighted networking as a major growth driver. At a shareholder meeting on Wednesday, Nvidia CEO Jensen Huang said Spectrum-X is "now larger than all other Ethernet networking peers combined."
The comments echoed Nvidia's most recent earnings call in May, when chief financial officer Colette Kress said the company's broader data center networking revenue had tripled to $15 billion from the previous year.
Nvidia's networking business traces back to its 2019 acquisition of Mellanox, which gave the company a foothold in data center networking before the AI boom took off.
Nvidia's lead isn't guaranteed. Cloud giants are increasingly looking to diversify their supplier base, Butler said, while businesses may lean on existing relationships with networking providers as they ramp up their infrastructure.
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Geoff Weiss is a senior reporter on Business Insider’s tech team, where he writes about AI startups and Y Combinator, the intersection of AI and the media industry, and workplace dynamics within top AI labs and chip companies.Previously, Geoff was on the media desk, covering YouTube and Netflix, and themes like the intersection of Hollywood and the creator economy. His work on Netflix’s video podcasting ambitions and Mr Beast’s lessons for Hollywood won second and first prize, respectively, at the 2025 LA Press Club Awards.Prior to joining Business Insider, Geoff was the senior editor of Tubefilter and a staff writer at Entrepreneur. He graduated from New York University with a degree in English Literature.He can be reached at [email protected], on Signal @geoffweiss.25, and on LinkedIn. Have a tip? Use a personal email address and a nonwork device; here's our guide to sharing information securely.Selected stories:Nvidia crushed its quarter — and CEO Jensen Huang said in a leaked all-hands that 'the market did not appreciate it'Nvidia will foot the bill for Trump's new visa fees. Here's what CEO Jensen Huang told staff.Massive AI salaries and RTO are fueling a real estate boom in San Francisco: 'It's going to rain money'The AI talent wars are ricocheting across startups. Here's how they're competing with Big Tech.
Top Row from Left to Right: Yuji Yamano (Director, Content-Japan), Yuki Igarashi (Director, THE RIBBON HERO), Dan Casey (Art Director, Steps), Jason Figliozzi (Head of Character Animation, Steps), Jane Hartwell (Producer, Steps), Priscilla Bertin (Producer, In Waves), Ben Hibon (Executive Producer, Ghostbusters: Night Shift), Elliott Kalan (Executive Producer, Ghostbusters: Night Shift), Amie Karp (Executive Producer, Ghostbusters: Night Shift), Heather Tilert (Vice President, Animation Series, Kids + Preschool) Bottom Row from Left to Right: Hannah Minghella (Head of Netflix Animation Studio), Alyce Tzue (Director, Steps), Brad Bird (Director, Ray Gunn), Phuong Mai Nguyen (Director, In Waves), Jason Reitman (Executive Producer, Ghostbusters: Night Shift), Gil Kenan (Executive Producer, Ghostbusters: Night Shift)
GAEL TURPO 2026
On Wednesday, Netflix took the stage at the Annecy International Animation Film Festival, where it highlighted its new slate of upcoming animated projects.
The international streamer’s animation division is coming off of an impressive year. KPop Demon Hunters took home two Oscars and became the first non-Disney/Pixar animated film ever to win more than one. It was also Netflix’s second animated film to win the Oscar in 4 years.
KPop Demon Hunters was also Netflix’s most popular film of all time, spending over a year in Netflix’s Global Top 10. Netflix also won 13 animation industry Annie Awards, including three for Love, Death + Robots. Ultraman: Rising nabbed the Children and Family Emmys for Outstanding Animated Special and Sound Mixing & Sound Editing for an Animated Program.
The new lineup includes a new Ricky Gervais adult animated series called Alley Cats, the Brad Bird-directed film Ray Gunn, the new series Ghostbusters: Night Shift, and the series The One Piece.
Here is the lineup of Netflix animated projects highlighted at Annecy, including the official loglines and some first look images:
Logline: In Los Angeles, AJ, a shy teenager, meets Kristen. She lives for surfing; he loves skateboarding and drawing. They fall madly in love, and a happy future seems within reach. But everything changes when Kristen faces a sudden illness. Together, they face adversity, driven by the strength of their love, their friends, and their newly shared passion for surfing and the ocean.
Director: Phuong Mai Nguyen
Writers: Fanny Burdino, Samuel Doux (Based on the graphic novel by AJ Dungo)
Producers: Priscilla Bertin, Judith Nora
Cast: Will Sharpe, Stephanie Hsu
RAY GUNN - Raymond Gunn (Sam Rockwell) and Venus Nova (Scarlett Johansson).
Logline: In Metropia, a gigantic city in an alternate future as seen from 1939, private eye Raymond Gunn is drawn into a case involving aliens, murder and a multimedia star named Venus Nova.
Director: Brad Bird
Producers: John Lasseter, David Ellison, Dana Goldberg, and Lisa Beroud
Cast: Sam Rockwell, Scarlett Johansson, Tom Waits
Animation Studio: Skydance Animation
An image from the Netflix animated film "Ribbon Hero"
Logline: Yuki Igarashi, regarded as one of the industry’s most versatile animators, directs the film. He first drew wide attention for the sophisticated animation he handled alone as key animator on the ending sequence of Jujutsu Kaisen Season 1. His directorial debut, Star Wars: Visions - Lop & Ochō, received high praise in Japan and abroad for its delicate storytelling and dynamic action scenes. The Ribbon Hero marks Igarashi’s first time directing a feature-length film.
Bringing together a team of highly skilled creators, the film depicts the story of a lone hero who chooses to defy a harsh destiny, set in a delicately crafted world and brought to life through polished action.
Synopsis: Think you know Cinderella's “evil” stepsisters? Think again. Sick of living in Cinderella’s shadow, Lilith (Ali Wong) steals the Fairy Godmother (Bette Midler)’s magic wand and hijacks the Royal Ball with her sister Margot (Stephanie Hsu), breaking the Cinderella story as we know it and dooming the kingdom to the tyrannical rule of Priscilla (Nikki Glaser), a villainous schemer who swoops in and snatches the throne. Now, Lilith must team up with Cinderella (Amanda Seyfried) to fight biker trolls, outrun evil henchmen, and escape the Screaming Woods on an epic quest to save the kingdom, but most importantly, their relationship.
Produced by: Amy Poehler, Jane Hartwell, Kim Lessing. Poehler and Lessing producing for Paper Kite Productions.
Screenplay By: Ava Tramer, James Madejski, Jen Chuck, Dana Schwartz, Felicia Ho
Story By: Ava Tramer, James Madejski, Dana Schwartz, Felicia Ho, Riki Lindhome, Kate Micucci
Synopsis: Alley Cats is a sitcom created by and starring the multi-award-winning Ricky Gervais. The adult animation follows the trials and tribulations of a group of feral British cats from all walks of society, who seek companionship while ruminating on everyday life. From the funny to the absurd, the series is packed with Gervais’ signature style of heart and social commentary that audiences have come to expect.
Creator and Director: Ricky Gervais
Co-director: Elliot Dear
Executive Producers: Ricky Gervais of Derek Productions, Steven Hamilton Shaw of Shush Creative. James Stevenson Bretton and Ben Lole for Blink Industries.
Producer: Hugo Donkin
Production Designer: Tang Heng
Cast: Ricky Gervais, Tom Basden, Andrew Brooke, David Earl, Kerry Godliman, Jo Hartley, Diane Morgan, and also featuring Natalie Cassidy and Tony Way
Logline: New York City, 1994 — Five years after the Ghostbusters took the Statue of Liberty for a walk, a new wave of supernatural terror hits the Big Apple, forcing a group of scrappy, young New Yorkers — untrained, underappreciated, and kinda sorta responsible for the problem — to put on proton packs, face their fears, and bust some ghosts.
Executive Producers: Ben Hibon, Elliott Kalan, Jason Reitman, Gil Kenan, Amie Karp, and Dan Aykroyd .
An image for the Netflix animated series "The One Piece"
Netflix, 2026
THE ONE PIECE
Release date: February 2027
Original manga by: Eiichiro Oda (Weekly Shonen Jump, Shueisha)
Synopsis: Produced by WIT Studio, The One Piece is a brand new anime adaptation starting from the very beginning of the original manga’s East Blue saga. Separate from the TV anime series that has charged full speed ahead over the course of more than 25 years, this series taps into the expressive potential of modern technology to offer a familiar yet fresh take on the adventures of Luffy.
Director: Masashi Koizuka
Assistant Director: Hideaki Abe
Series Composition: Taku Kishimoto
Character Design & Chief Animation Directors: Kyoji Asano, Takatoshi Honda
Creature Design & Image Boards: Yasuhiro Kajino
Prop Design: Eri Taguchi
Action Animators: Ken Imaizumi, Shuhei Fukuda
Art Director: Tomonori Kuroda
Animation Producer: Ryoma Kawamura
Animation Studio: WIT STUDIO
The announcements were made at the same time Netflix has been making some executive adjustments. Moving forward, the streamer’s adult animated projects will be under the oversight of Tracey Pakosta, Netflix’s VP, Comedy Original Series. And Hannah Minghella has been named the company’s new Head of Netflix Animation Studio, overseeing more than 1,000 employees across three studios in Burbank, Vancouver, Canada and Sydney, Australia.
Netflix (NFLX 1.35%) hit a 52-week low on June 22, tumbling 22.3% year to date and falling 45.6% from its 52-week high.
Here's why Netflix is out of favor, and why it could be an excellent growth stock to buy now.
Image source: Getty Images.
Netflix's acquisition attempts are receiving mixed reviews Netflix's stock price has been falling even as it has continued to grow earnings, compressing its valuation. Based on the forward price-to-earnings ratio -- which takes a stock's current price and divides it by analyst consensus earnings estimates over the next 12 months -- Netflix is now less expensive than every "Magnificent Seven" stock except Meta Platforms.
TSLA PE Ratio (Forward) data by YCharts
Last year, Netflix made headlines for its attempt to buy Warner Bros. Discovery. It was eventually outbid by Paramount Skydance, but collected a $2.8 billion breakup fee from Paramount Skydance. Earlier this month, Fox outbid Netflix for Roku. Then reports surfaced that Netflix was trying to buy Lionsgate Studios.
While Netflix going after intellectual property (IP) could be seen as a way to boost its content library and justify price increases, the glass-half-empty view is that Netflix sees cracks in its content pipeline and wants to buy a legacy media company or production house to help fill the void.
Netflix is expanding its film, sports, podcast, and gaming offerings to fulfill its No. 1 priority: delivering entertainment value to subscribers. However, some investors may view these projects as lower-quality or riskier than expanding its content library through the acquisition of a proven legacy enterprise company.
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Netflix is testing an already-strained market In March, Netflix announced its third price hike in less than three years. The pace of price hikes is particularly bold given that consumer spending is under pressure. Netflix's acquisition attempts may be a sign that it took the price hikes too far, and that its subscriber churn is on the rise and new subscriber growth is waning.
While Netflix's price hike could backfire in the near term, there's every reason to believe Netflix is an impeccable value right now. When Netflix reported first-quarter 2026 results in April, it issued full-year 2026 guidance of $50.7 billion to $51.7 billion in revenue -- a 12% to 14% year-over-year increase -- and an operating margin of 31.5%. However, that guidance is based on Netflix roughly doubling its ad revenue year over year, which could prove challenging if economic conditions worsen.
Still, even if Netflix falls short of its guidance, its dirt cheap valuation makes it a no-brainer buy for investors who believe in the staying power of its brand and business model.
Netflix has become a global entertainment powerhouse Netflix had a monster year in 2024 -- gaining 83.1%. So it's understandable that the stock would cool, given its once-premium valuation. However, the concerns that Netflix is losing its creative edge and scrambling to buy IP are completely overblown.
Netflix continues to deliver multiple hit shows and movies while steadily tailoring its content to regional audiences. Netflix has an excellent content development strategy that does not solely depend on the U.S. audience. For example, Squid Game was a Korean production that became a global sensation through translated and dubbed versions. K-Pop Demon Hunters was written and produced in English but had significant crossover among Korean audiences. And Netflix has since increased its collaborations with Korean studios.
In the first quarter of 2026, Netflix's Asia-Pacific revenue surpassed Latin America revenue for the second consecutive quarter. United States and Canada revenue now accounts for less than 30% of total revenue and posted the lowest year-over-year revenue growth of any region in the first quarter. Netflix has become increasingly focused on its international audience -- which makes it a more diversified streaming company and also makes it less sensitive to consumer spending weakness in North America.
A quality growth stock at an impeccable value Netflix is an excellent growth stock to buy on sale because its valuation is at multiyear lows and the underlying business continues to fire on all cylinders. In hindsight, the stock was arguably priced to perfection last summer. But now, Netflix is so cheap that it doesn't have to deliver blowout results to justify its valuation.
Another often-overlooked quality of Netflix is its role in a diversified portfolio. The vast majority of market-leading growth stocks are heavily impacted by artificial intelligence (AI), either because they are investing in it, monetizing it, or being disrupted by it. Netflix is unique in that it is mostly a non-AI growth stock, making it an excellent way to balance a growth stock portfolio. Especially for tech-stock-heavy investors looking to buy a growth stock that may not overlap much with their existing holdings.
Netflix is a far higher-quality company than the typical S&P 500 (^GSPC 0.10%) component. And yet, it trades at just 20.2 times forward earnings compared to 22.4 for the index.
All told, Netflix is an excellent buy for long-term investors, especially folks with at least a five-year investment time horizon who care more about where a company could be years from now than present-day market sentiment.
Daniel Foelber has positions in Netflix and Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Netflix, Nvidia, Roku, Tesla, and Warner Bros. Discovery. The Motley Fool has a disclosure policy.
For Immediate ReleaseChicago, IL – June 25, 2026 – Today, Zacks Equity Research Netflix (NFLX - Free Report) , Fox (FOXA - Free Report) , Roku Inc. (ROKU - Free Report) and Sirius XM (SIRI - Free Report)
The Zacks Broadcast Radio and Television industry is grappling with an escalation in cord-cutting despite a surge in demand for streaming content. However, industry players, such as Netflix,Fox, Roku Inc. and Sirius XM, are reaping the benefits of a massive spike in digital content consumption. These companies are thriving due to their diverse content offerings, which include original, regional and short-form content tailored for small screens like smartphones and tablets.
Improved Internet speed and penetration, coupled with technological advancements, have been advantageous for industry participants. As monetization and revenues from advertising spending continue to be modest, strategies focused on profit protection, cash management and greater technology integration have gained significance and are expected to aid these companies in driving top-line growth in the near term.
Industry DescriptionThe Zacks Broadcast Radio and Television industry encompasses companies that provide entertainment, sports, news, non-fiction and musical content across television, radio and digital media platforms. These entities generate revenues through the sale of television and radio programs, advertising slots and subscriptions.
With technological advancements and a growing demand for virtual reality and Internet radio, industry players are increasing their investments in research and development, as well as sales and marketing efforts, to remain competitive. The industry's focus is likely to shift toward sustaining current levels of operations, coupled with a renewed emphasis on flexibility. This approach would accelerate the transition to a variable cost model, thereby reducing fixed costs and enhancing agility in the face of evolving market dynamics.
4 Broadcast Radio and Television Industry Trends to WatchShift in Consumer Preference a Key Catalyst: To adapt to the evolving landscape, companies are diversifying their content offerings for over-the-top (OTT) services alongside traditional linear TV. The availability of streaming services across a wide range of platforms has enabled them to reach a global audience, expand their international user base and attract advertisers to their platforms, thereby boosting ad revenues.
The utilization of services that aid advertisers in measuring their return on investment and enhancing use cases is expected to benefit industry participants. Major leagues and events, such as the NFL, NHL, Olympics, European Games, EPL and elections, also contribute significantly to ad revenue generation.
Increased Digital Viewing Fuels Content Demand: Many industry participants, either launching their own OTT services or acquiring existing ones, leverage user insights to deliver tailored content. The surge in digital viewing has made consumer data readily available, allowing companies to apply artificial intelligence (AI) and machine learning techniques to create or procure targeted content. This approach not only boosts user engagement but also enables industry players to raise the prices of their services at opportune moments without the fear of losing subscribers.
Uncertain Macroeconomic Landscape Impedes Production and Ad Demand: Advertising is a significant revenue source for the Broadcast Radio and Television industry. However, industry participants are grappling with the effects of persistently high inflation, rising interest rates, increased capital costs, a soaring U.S. dollar and the looming threat of a recession.
These factors have prompted advertisers to trim their ad budgets, which is expected to impact the top-line growth of industry players in the near term. Moreover, intense competition for ad dollars from tech and social media companies has been a significant impediment to the growth of industry participants.
Low-Priced Skinny Bundles Impact Revenues: The surge in cord-cutting has compelled industry participants to offer "skinny bundles." These Internet-based services often contain fewer channels than traditional subscriptions and are, therefore, more affordable.
This move aligns with changing consumer viewing dynamics, as growth in Internet penetration and advancements in mobile, video and wireless technologies have boosted small-screen viewing. While these alternative services are expected to keep users engaged with their platforms, increasing the need for additional content, the low-priced skinny bundles are likely to dampen the top-line performance of industry players.
Zacks Industry Rank Indicates Dull ProspectsThe Zacks Broadcast Radio and Television industry is housed within the broader Zacks Consumer Discretionary sector. It currently carries a Zacks Industry Rank #164, which places it in the bottom 34% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates dismal near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
The industry’s position in the bottom 50% of the Zacks-ranked industries results from a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic about this group’s earnings growth potential. Since June 30, 2025, the industry’s earnings estimates for 2026 have moved south by 6.3%.
Despite the gloomy industry outlook, a few stocks are worth watching, as these have the potential to outperform the market based on a strong earnings outlook. But before we present such stocks, it is worth first looking at the industry’s shareholder returns and current valuation.
Industry Lags Sector, S&P 500The Zacks Broadcast Radio and Television industry has underperformed the broader Zacks Consumer Discretionary sector and the S&P 500 Index in the past six-month period.
The industry has plunged 19.8% over this period compared with the S&P 500’s 7.7% return and the broader sector’s decline of 11.5%, respectively.
Industry's Current ValuationOn the basis of trailing 12-month Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization (EV/EBITDA), which is a commonly used multiple for valuing Broadcast Radio and Television stocks, the industry is currently trading at 7.76X versus the S&P 500’s 18.49X and the sector’s 9.2X.
In the past five years, the industry has traded as high as 15.56X and as low as 4.92X, recording a median of 8.49X, as the chart below shows.
4 Broadcast Radio and Television Stocks to WatchFox Corporation enters the near term with fundamental tailwinds drawn from its announcements. In April, FOX named Amazon Web Services its preferred AI cloud provider, strengthening FOX One's streaming and personalization capabilities. In May, independent studies showed FOX advertising driving up to 81% lift in real-world outcomes, while FOX One launched as a Roku Premium Subscription, widening distribution ahead of the FIFA World Cup 2026.
In June, FOX secured a new NFL package in Mexico and agreed to acquire Roku, combining premium live sports and news with a platform reaching over 100 million households, targeting roughly $400 million in run-rate cost synergies. With World Cup rights, broadening digital reach and a strong balance sheet, this Zacks Rank #1 (Strong Buy) company's fundamentals support continued near-term momentum. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for fiscal 2026 earnings has moved north by 7.6% to $4.93 per share in the past 60 days. FOXA shares have lost 34% in the past six-month period.
Netflixenters the second half of 2026 underpinned by strengthening fundamentals. Management's guidance calls for 2026 revenues of $50.7 billion to $51.7 billion, representing 12% to 14% growth, alongside operating margin expansion to 31.5% from 29.5% in 2025, reflecting genuine profitability gains.
Advertising remains a key growth lever: the ad-supported tier now reaches over 250 million global monthly active viewers, with revenues on track to roughly double to about $3 billion, backed by new AI-driven ad tools, expanded programmatic buying, an enlarged NFL live sports slate and planned entry into 15 additional countries from 2027. April's mobile redesign, featuring the new Clips vertical discovery feed, should lift engagement, while June's record performance of KPop Demon Hunters reinforces continued content momentum.
The Zacks Consensus Estimate for 2026 earnings has moved north by 2% to $3.60 per share in the past 60 days. Shares of this Zacks Rank #3 (Hold) company have plunged 22.2% in the past six-month period.
Roku's near-term fundamentals look encouraging. This Zacks Rank #3 company surpassed 100 million global streaming households in April, underscoring platform scale that drove 28% year-over-year platform revenue growth in the first quarter alongside expanding profitability. Management raised full-year guidance, projecting platform revenue growth near 21% to $5 billion and higher adjusted EBITDA, supported by accelerating advertising demand and record premium subscription sign-ups.
New initiatives are reinforcing engagement: Roku Curate simplifies advertiser access to premium inventory, while a redesigned Home Screen introduced in May enhances content discovery across its expanding user base. A fall partnership with The CW Network should further broaden viewership reach. Separately, Roku and Fox Corporation announced a definitive merger agreement in June, adding a distinct near-term catalyst alongside these fundamentals.
The Zacks Consensus Estimate for 2026 earnings has moved north by 13.1% to $2.41 per share in the past 60 days. Roku shares have increased 22% in the past six-month period.
SiriusXM’s first-quarter results showed free cash flow tripling year over year, churn falling to a record-low 1.5%, and EBITDA margin expanding, prompting management to reaffirm robust full-year guidance of roughly $8.5 billion in revenues, $2.6 billion in adjusted EBITDA, and $1.35 billion in free cash flow.
Growth catalysts are building: April's exclusive YouTube audio-advertising partnership extends reach toward 255 million monthly listeners starting this fall, while May's expanded LiveRamp identity-targeting deal with AdsWizz strengthens programmatic monetization. June's video-podcast distribution agreement with Tubi adds 100 million monthly users, leveraging podcasting's strong revenue momentum. With leverage trending toward management's low-to-mid 3x target and continued capital returns, this Zacks Rank #3 company's broadening advertising ecosystem and disciplined execution support a constructive near-term outlook.
The Zacks Consensus Estimate for 2026 earnings has remained steady at $3.10 per share in the past 60 days. In the past six-month period, SIRI shares have returned 35.8%.
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Running a small business can take up a big chunk of its owner’s time. Even something as simple as ordering the breakroom snacks each month can add up, and as small and medium-sized businesses (SMBs) face mounting pressure to do more with less, the time spent ordering supplies, managing vendors and tracking inventory is attracting new scrutiny.
“A lot of this time is hidden,” Walmart Business Senior Vice President and General Manager Ashley Hubka told PYMNTS. “Because it’s fragmented or spread across the organization, spread across people’s days, you don’t have a sense of how it all comes together and how impactful it can be across the organization.”
For many SMBs, the larger cost may not be what they buy, but the time spent buying it. These aren’t the strategic sourcing decisions that dominate enterprise purchasing departments, just the mundane, recurring work of buying office supplies, break-room snacks, cleaning products, technology accessories, and other workplace essentials that keep organizations running.
“One of the things that we did the math on, is that four to seven hours a week spread across an organization adds up to a full one month of productivity in the year,” Hubka said.
Viewed through that lens, SMB procurement stops looking like an operational task and starts looking like a strategic issue.
Small Business Procurement Has an Invisible Labor Problem Procurement responsibilities inside smaller organizations are often distributed across multiple employees and departments. Operations managers, office administrators, team leaders and business owners may all participate in purchasing decisions without any centralized oversight. But every minute employees spend navigating vendor portals, placing orders or tracking down purchase information is time that cannot be spent on customers, employees or growth initiatives.
“Find these hidden costs,” Hubka said. “And then think about the opportunity costs. That puts a different lens on how you want to address procurement.”
What is emerging is not simply a new approach to purchasing but a new understanding of how operational friction affects growth for SMBs.
“What we are seeing smart small businesses do, medium-sized businesses do, is consolidating suppliers and streamlining their purchasing workflows,” Hubka said.
The objective is not simply convenience. Consolidation creates cleaner purchasing data, reduces administrative burden and lays the foundation for more sophisticated procurement management.
Analytics and Automation Add to Small Business Owner’s Toolkit Historically, spend analytics and procurement intelligence were capabilities associated with large enterprises. Today, those tools are becoming increasingly accessible to smaller organizations, where the ability to identify recurring purchases, forecast demand and optimize order sizes can create meaningful savings.
“The opportunity here is to look at what are the purchase patterns,” Hubka said. “Can we look at some spend analytics, understanding our purchase patterns that lets us kind of be on top of those?”
Hubka pointed to common purchases such as paper towels and workplace essentials as examples. Businesses often reorder the same products repeatedly without recognizing larger purchasing trends. But analytics can help transform SMB procurement from a reactive process into a proactive one.
And as businesses gain better visibility into purchasing patterns, many are turning to automation to eliminate repetitive work.
“I do think SMBs have the opportunity to use AI to help them track inventory levels, compare products, remember when they need to reorder supplies,” Hubka said. “For the most regular, most needed [items], where they have the greatest confidence, you can actually automate some of that through recurring purchasing and subscriptions.”
“AI can surface recommendations, it can flag potential issues, predict shortages, help them anticipate replenishment needs, and sort of stay ahead of that curve to have the operational efficiency,” she added.
Small Businesses Buy Back Time With Better Procurement Ultimately, the growing interest in procurement technology reflects a broader reality facing SMBs: time has become one of their most valuable resources. For many SMBs, the promise of automation, analytics and artificial intelligence is not merely operational efficiency. It is the opportunity to reclaim hours previously lost to routine purchasing and reinvest them in customers, employees and expansion.
“I think SMB owners, operators, managers, they are looking for any amount of time they can get back in their week,” Hubka said. “What they want is capacity.”
That capacity is increasingly being redirected toward the activities that drive business performance.
“Every hour they get back in the week is an hour they can put towards what matters most to them or their highest priorities,” she said.
And in an economy where growth is often constrained by limited resources rather than limited ambition, procurement may be emerging as an unlikely competitive advantage.
More importantly, it generates data. As recurring spending becomes digitized and centralized, businesses gain visibility into employee behavior, operational rhythms, and consumption patterns. That visibility creates opportunities for optimization that were previously unavailable.
Or, as Hubka put it, “Creating that capacity for business owners and teams hour by hour is where we think there’s opportunity.”
Dividend investors need not live in fear that the companies whose shares they hold will decrease or suspend their payouts if the going gets rough. There are outstanding dividend payers out there that are unlikely to do so. Here are two great examples: Coca-Cola (KO +0.36%) and Johnson & Johnson (JNJ +0.92%). These two market leaders have outstanding dividend records, solid businesses, and strong competitive advantages, making them top buy-and-hold forever picks. Read on to find out more.
Image source: The Motley Fool.
1. Coca-Cola Coca-Cola is one of those companies that needs no introduction. It is well-known worldwide for its beverage brands, some of which are among the most famous in their categories. Coca-Cola's large portfolio of beverages, significant global footprint, and its position in the defensive consumer staples industry mean it can generate consistent revenue, earnings, and cash flow. The company has been doing so for decades, and part of its success comes from its wide moat. Coca-Cola's competitive advantage stems from its brand name, which is one of the most valuable in the world and inspires trust and confidence. Thanks to this strong brand recognition, Coca-Cola can attract customers with minimal effort.
The company also commands significant shelf space in retail stores, something that isn't easy for newcomers. Coca-Cola hasn't just relied on its brand name, though. Over the years, the company has adapted to changing customer preferences. It has expanded its drink portfolio by introducing new drinks or new twists on classic favorites. Can the company continue to perform well moving forward?
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My view is that the business's underlying strength hasn't changed, and Coca-Cola is still well positioned to deliver solid returns for patient investors, especially those who reinvest the dividend. Coca-Cola is a Dividend King, or a company with at least 50 straight years of payout increases. Even in this already impressive group, Coca-Cola is one of the standouts, with an ongoing streak of 64 consecutive years of annual payout raises. The company also currently offers a forward yield of 2.6%, higher than the S&P 500's average of 1.1%.
Coca-Cola's business isn't the most exciting on the planet, but it is one investors can trust to deliver consistency even in volatile and unpredictable times. That's what allows the company to continuously raise its payouts over the long term, making it a top dividend stock to stick with for good.
2. Johnson & Johnson Johnson & Johnson is one of the largest healthcare companies in the world, with a diversified portfolio of products across pharmaceuticals and medical devices. Several aspects of its operations make it a solid "forever" stock. First, the company's business, especially its pharmaceutical division, tends to perform pretty well even during economic downturns. Nobody wants to stop taking life-saving medications, and, for the most part, third-party payers foot much of the bill anyway, allowing Johnson & Johnson to maintain consistent sales.
Second, Johnson & Johnson holds patents on its innovative drugs and medical devices, providing it with years of protection against lower-cost alternatives and granting it some pricing power. True, the legal monopoly granted by a patent doesn't last forever. However, Johnson & Johnson also has a deep pipeline and earns new approvals pretty regularly. The company is showing its ability to overcome patent cliffs right now. Johnson & Johnson lost patent exclusivity for Stelara, an immunology medicine and an important growth driver, in Europe in 2024 and in the U.S. last year.
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Yet, the company's revenue and earnings continue to move in the right direction. Johnson & Johnson's sales should slightly exceed $100 billion this year, according to management's guidance. If it does, it will be only the second time in history that a biopharma company has crossed that milestone. Meanwhile, Johnson & Johnson is preparing to launch several important products that should eventually become growth drivers, including its robotic-assisted surgery device, the Ottava.
The company has faced some challenges of late, such as government-led drug price negotiations and the lawsuits related to its talc-based products that allegedly gave patients cancer. Johnson & Johnson's ability to perform well throughout all that speaks volumes about its underlying business. Lastly, Johnson & Johnson is also a Dividend King, having increased its payouts for 64 consecutive years. The company's dividend yield currently tops 2.2%. All great reasons why Johnson & Johnson is an outstanding forever income stock.
IRVINE, Calif.--(BUSINESS WIRE)--Johnson & Johnson advances cardiac ablation technology in Europe with availability of Dual Energy THERMOCOOL SMARTTOUCH SF Platform.
Over the past decade, Ford Motor Company (F 1.14%) has seen some high highs and some low lows. It has won numerous awards for its lauded F-Series trucks and developed its Ford Pro commercial division into a consistent higher-margin business.
The company has also delivered highly successful new nameplates such as the Maverick, revived another successful model in the Bronco, and recently unveiled Ford Energy to focus on battery storage systems. It even recorded some of its most profitable years in history over the past decade.
What the company hasn't done is reward investors with a higher valuation or rising stock price. In fact, its roughly 7% increase over the past decade is downright abysmal. Despite that gloomy performance, the future should be brighter: Here are three forward-looking reasons Ford could still warrant a buy today.
1. A margin of safety One bright spot for most of Ford's history has been its often lucrative dividend. It currently sits at a robust 4.25%, well above the S&P 500 average, and has a couple of unique attributes.
One that some investors aren't aware of is that the Ford family has a special class of shares that receive the common dividend as well as special voting rights. The family generates much wealth from these dividend payouts, which align the interests of shareholders and ownership. Both would prefer the dividend to increase and only be cut in dire circumstances.
Another intriguing attribute is that in recent years, cash flow has been mostly strong, and when cash is aplenty, the company has at numerous times awarded a special dividend that can boost value returned to shareholders. To understand how valuable the dividend is to investors, especially when Ford's stock price is stuck in neutral, compare its share appreciation alone versus total returns over the long term.
F data by YCharts.
Including its dividend, Ford offered some margin of safety compared to its price appreciation alone. While it still lags the broader market returns, investors can still bank on the dividend to provide strong value.
2. A Model T moment Management has been busy hyping its upcoming Universal EV Platform as well as its new "assembly tree" production process that it will begin using next year. The new platform will be flexible enough to support multiple vehicle styles and will use techniques to drastically reduce the number of parts in production and costs.
The universal platform will debut on the company's next electric vehicle, a $30,000 midsize truck, aimed at an early 2027 release. Management has worked diligently to bring down other EV costs (including expensive batteries), and the universal platform and new production process mean that the vehicle is expected to be profitable early in its life cycle, even at such a low price point.
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This is notable for two reasons. First, it enables Ford to take a giant step forward in reversing billions in EV losses annually, and prepares it for a future that will see increasing EV demand. Second, its innovation and cost efficiencies are preparing it to compete head-on with the advanced and affordable Chinese competition it will face around the world -- and perhaps eventually on its home turf.
The jury is still out on whether or not this is truly a Model T moment, but these developments will be crucial for the automaker to thrive as the universal platform underpins a long list of vehicles.
3. Enter Ford Energy Unless you've been hiding in a cave -- and some end-of-days scenarios might make you want to -- you know that artificial intelligence (AI) has swept the globe in performance improvements matched only by its growing hype. Powering this evolution in AI are huge data centers that need immense computing power and energy
A Ford battery storage system. Image source: Ford Motor Company.
They also need reliable battery storage systems to help mitigate costs during peak hours and provide backup power to prevent downtime. And that's where Ford Energy comes in, with its new battery energy storage system (BESS), which the automaker has discreetly developed over the past few years.
Management aims to deploy roughly 20 gigawatt-hours annually, with the first customer deliveries beginning late 2027. The announcement quickly sent Ford shares higher last month, and Wall Street was quick to support the strategic initiative. Analysts believe Ford Energy could generate $3 billion in incremental revenue and $500 million in operating profit by the end of this decade.
Turning the corner No, Ford has not been a great long-term investment over the past decade, and it has certainly disappointed investors despite its numerous accomplishments and highly profitable years.
That said, Ford has a real energy business in the works, one that makes sense and fits its manufacturing experience, and which can generate incremental bottom-line profits. It has also innovated its production process and developed a much more cost-efficient platform for the future of its EVs.
While investors wait for the stock price to gain traction and earn a higher valuation, the company's dividend offers a margin of safety that will continue to provide shareholder returns. For those reasons, the next decade should be much better for Ford investors.
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Anne Tse leads PepsiCo's businesses across Asia Pacific, Australia, New Zealand, and Greater China. Sun Weitong/Xinhua via Getty Images As AI rapidly transforms the workplace, many employers are rethinking the qualities they prioritize in candidates.
Anne Tse, CEO of Asia Pacific Foods at PepsiCo, said the food and drinks company, which owns brands like Poppi and Lay's, is increasingly scanning for curiosity, especially in entry-level applicants. It's also looking for those who show adaptability and learning agility, as AI and new technologies rapidly reshape work.
"It's all about the aptitude, the speed, the agility to learn," Tse, who oversees PepsiCo's businesses across Asia Pacific, Australia, New Zealand, and Greater China, told Business Insider.
Given that daily tasks are changing, coming in "with a whole package of experience" isn't as much of a priority as being able to adapt and learn quickly, she said.
Employees nowadays need to learn, unlearn, and relearn as technology evolves and the company responds to fast-changing consumer demands.
"When people are curious, they want to learn. When they're curious, they also are willing to unlearn," Tse said.
Tse said curiosity is a skill she's cultivated throughout her career.
She said one piece of advice from a mentor that has stayed with her is that workers should take ownership in shaping their roles. That mindset, she said, enables people to reinvent how work gets done at a time when careers are becoming increasingly non-linear, especially as new technologies create opportunities to reinvent jobs and ways of working.
Evaluating curiosityMany leaders have said that soft skills are becoming increasingly important in the AI era, and LinkedIn has ranked them among the most in-demand qualities employers seek. The challenge, however, is determining how to assess those skills effectively.
It's not easy to gauge curiosity, the CEO said.
That's why the company looks beyond traditional credentials to assess for this trait, not just in junior employees but more generally as well, Tse said. She said they work closely with HR to identify how specific behaviors and traits correlate with aptitude, leadership potential, and future success.
The company also spends time discussing candidates' past experiences, exploring the decisions they made throughout their careers, and the reasoning behind those choices.
The choices a person makes in their career, "also gives a good sense of their nature," she said. For example, you can tell how someone explains their decisions, whether they took risks, or were exploratory, she said.
There are often other telltale signs of curiosity and problem-solving capabilities, such as the industry a person came from. Consulting, for example, notoriously focuses on aptitude rather than experience. Tse, who previously worked as an associate partner at McKinsey, said people in consulting develop that skillset through case interviews.
She added that workers coming from startup environments, innovation roles, cross-functional projects, or experiences working across markets may also possess these qualities.
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Qualcomm has set out an ambitious growth target for its data centre business, forecasting $15 billion in sales from the segment by 2029 as it accelerates efforts to diversify beyond its core smartphone chip business.
At an investor presentation, Qualcomm Chief Financial Officer Akash Palkhiwala stated that the company anticipates its data centre business to generate $5 billion in revenue in fiscal 2027.
At the time of writing, Qualcomm shares were up around 12% in premarket trading.
QCOM also raised its outlook for revenue from chips outside its traditional smartphone business.
The company now expects this segment to bring in $40 billion by 2029, up from an earlier estimate of $22 billion.
“We will be truly diversified,” Palkhiwala said.
The upbeat outlook also lifted shares of Arm Holdings, which provides underlying technology for many Qualcomm chips.
Arm rose 5% after Qualcomm’s forecast.
Earlier in the day, Qualcomm said Microsoft and Meta Platforms will use its new AI chips.
The company also said it will make custom chips for two other unnamed hyperscalers.
The announcements mark a significant step in Qualcomm’s effort to establish itself in the fast-growing AI infrastructure market, where chipmakers are racing to secure a role in data centres and large-scale computing systems.
Qualcomm’s pivot towards AI chips comes as the smartphone market faces increasing pressure.
The company said the market has been squeezed by a memory chip shortage driven by surging demand for AI infrastructure.
At the same time, major customers such as Apple and Samsung are developing more chips in-house, adding to the pressure on Qualcomm’s traditional business.
Bank of America analysts had earlier estimated that Qualcomm’s data centre push could generate modest annual revenue of roughly $2 billion to $5 billion by fiscal 2027 to 2028.
Qualcomm’s new target points to a more aggressive expansion plan.
Alongside its revenue targets, Qualcomm announced that it has reached an agreement to acquire Modular Inc., in a move aimed at strengthening Qualcomm Technologies’ software capabilities for generative and agentic AI across both data centre and edge environments.
The company said the acquisition is designed to deepen the software foundation behind its data centre strategy, with a focus on improving inference, orchestration, and deployment in distributed AI systems.
Qualcomm said Modular provides an open, AI-native software stack that allows AI models to run efficiently across a range of hardware architectures, including CPU, GPU, NPU, and custom ASIC systems, without requiring developers to rewrite software for each accelerator.
According to Qualcomm, the acquisition will help connect system-level optimisation with increasingly heterogeneous and disaggregated computing environments, an area that is becoming more important as AI workloads scale and performance-per-watt becomes a critical factor in inference costs.
By combining Qualcomm Technologies’ chip capabilities with Modular’s software platform, the company said it aims to offer customers a more efficient AI compute layer spanning devices, edge systems, and cloud infrastructure.
“This acquisition marks a pivotal moment not just for Qualcomm, but for the AI industry,” said Cristiano Amon, President and CEO of Qualcomm Incorporated.
He said the industry is shifting towards “disaggregated, multi-vendor architectures” that require “a more open and modern software foundation.”
Modular Co-founder and CEO Chris Lattner said the deal would help advance the company’s mission of building a more open and efficient software foundation for AI.
“Joining Qualcomm gives us the scale and platform reach to accelerate that mission,” he said.
Qualcomm’s revenue targets and the Modular acquisition underline a broader strategic shift.
The company is positioning itself not only as a supplier of smartphone processors, but also as a provider of AI chips, custom silicon, and software infrastructure across data centre and edge computing markets.
The transaction is expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals.
