New York, New York--(Newsfile Corp. - October 29, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Chemours Company (NYSE: CC) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Chemours securities between February 20, 2026 and August 4, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/cases/chemours-company-cc-class_action_lawsuit.
Chemours Case Details
The Complaint alleges that throughout the Class Period, Defendants failed to disclose to investors that:
Defendants had materially overstated aftermarket demand for their Opteon products; demand for such products was decreasing as a result of Defendants' overselling Opteon products in the preceding fiscal year; as a result of these undisclosed issues, Defendants' financial guidance for the 2026 fiscal year was unreliable; and as a result, Defendants' public statements were materially false and misleading at all relevant times.What's Next for Chemours Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/cases/chemours-company-cc-class_action_lawsuit, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Chemours you have until December 7, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Chemours Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Chemours Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
Follow us for updates on LinkedIn, X, Facebook, or Instagram.
Attorney advertising.
Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318453
Source: Bronstein, Gewirtz & Grossman, LLC
Ready to Announce with Confidence?
Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
3 Sector ETFs Catching Fire After Earnings BeatsInterDigital NASDAQ: IDCC reported third-quarter 2026 results above its guidance range, supported by a new consumer electronics licensing agreement with a top PC manufacturer and continued growth in its recurring licensing revenue.
Revenue totaled $193.4 million, up 17% from a year earlier and above the company’s prior outlook of $154 million to $158 million. Adjusted EBITDA rose 25% year over year to $131.3 million, while adjusted EBITDA margin reached approximately 68%. GAAP diluted earnings per share were $2.34, and non-GAAP diluted earnings per share were $3.11, which was up 22% year over year.
Get InterDigital alerts:
2 Sizzling Mid-Caps That Could Stay Hot This SummerChief Executive Officer Liren Chen said the company’s annualized recurring revenue reached a record $629 million, up from $588 million a year earlier. The quarter included $36.2 million of catch-up revenue, compared with $17.7 million in the prior-year quarter.
PC License Expands Consumer Electronics Coverage
InterDigital said it agreed to enter into a patent license agreement with a top PC manufacturer, although the final terms will be determined through binding arbitration. Chief Financial Officer Rich Brezski said the company began recognizing revenue from the agreement during the third quarter using what it described as a conservative estimate of the consideration it expects to receive.
InterDigital Raises Its Earnings GuidanceChen said the agreement brings 70% of the global PC market under InterDigital licenses, including four of the world’s five largest PC makers. The company said it has signed four of the top 10 global PC vendors and continues to pursue the remaining portion of the market.
InterDigital also completed a licensing agreement with EV charger maker KEBA. Revenue from its consumer electronics, internet-of-things and automotive program nearly doubled year over year to $55.7 million. Smartphone licensing revenue was $122.6 million, while streaming and cloud services contributed $15 million.
Regarding Lenovo, Chen said InterDigital completed an arbitration hearing earlier in October and expects a decision in the first half of 2027, though timing remains uncertain.
Enforcement Actions Target TCL and Disney
The company highlighted progress in its patent enforcement efforts against television maker TCL and streaming company Disney. Chen said a Brazilian court granted InterDigital a preliminary injunction against TCL after an independent expert report found that TCL infringed two patents in the case, that the patents were essential to the HEVC video standard, and that InterDigital’s licensing offers met FRAND, or fair, reasonable and non-discriminatory, obligations.
According to Chen, the Brazilian court concluded that TCL’s offer was “an order of magnitude too low” and ordered the company to stop implementing the relevant standard and HEVC technology in devices manufactured, imported or offered for sale in Brazil.
In Europe, InterDigital received two additional injunctions from the Unified Patent Court against Disney. One concerns HEVC video encoding technology, while the other covers technology for sharing video between devices, such as casting content from a smartphone to a television. Chen said both injunctions apply across multiple European Union countries and that the court upheld the validity of the patents at issue.
Chen said InterDigital has won eight of eight patent trials in its campaign against Disney and received eight injunctions. He added that Disney had restored some 4K content in Germany using the VP9 codec following earlier injunctions. InterDigital has filed a new case involving VP9, which is scheduled to be heard in December.
Video Codec Adoption and Research Efforts
Chen pointed to growing adoption of the Versatile Video Coding, or VVC, standard. Qualcomm and MediaTek have announced VVC hardware decoding in their latest smartphone chipsets, while Google has added VVC support in the latest version of Android, according to the company.
InterDigital views VVC as a potential incremental licensing opportunity across devices and streaming services. Chen said adoption will likely develop over multiple years as device support encourages content and service providers to use the codec.
The company also said it and research partner NHK received a Best in Show award at IBC 2026 for a VVC multilayer coding demonstration. The technology is designed to allow multiple versions of the same content to be delivered in a single VVC bitstream.
Cash Generation, Capital Returns and Outlook
Cash from operations was $150.4 million during the quarter, and free cash flow totaled $136.2 million. InterDigital ended the period with $1.1 billion in cash equivalents and short-term investments.
The company returned $121.2 million to shareholders and creditors during the quarter, including $18.7 million in share repurchases, $19.3 million of declared dividends and $83.2 million of debt repayment. It increased its quarterly dividend to $0.75 per share from $0.70 per share.
For the fourth quarter, InterDigital expects revenue from existing contracts of $154 million to $160 million and adjusted EBITDA of $80 million to $88 million. Its outlook excludes potential contributions from new agreements or enforcement outcomes.
For full-year 2026, the company forecasts adjusted EBITDA of $507 million to $515 million, GAAP diluted EPS of $8.93 to $9.16, and non-GAAP diluted EPS of $11.99 to $12.25. Brezski said existing contracts alone are expected to push full-year revenue above the $810 million midpoint of the company’s previous revenue outlook.
About InterDigital (NASDAQ:IDCC)InterDigital, Inc is a technology research and development company that creates advanced wireless, video and related connectivity technologies. Its work supports communications across cellular networks, including 4G and 5G, as well as Wi-Fi, the Internet of Things and other connected devices.
The company's primary business is developing intellectual property and licensing its patented technologies to manufacturers and other industry participants. Its portfolio includes innovations related to wireless communications, radio access networks, signal processing, video compression and delivery, and connected-device functionality.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in InterDigital Right Now?Before you consider InterDigital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and InterDigital wasn't on the list.
While InterDigital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
A strong long-term portfolio starts with companies that can survive recessions, inflation, changing consumer habits, and shifting market leadership.
This report names seven blue-chip stocks across technology, retail, consumer staples, healthcare, networking, sporting goods, and utilities that offer investors a mix of stability, income, growth, and staying power.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
, /PRNewswire/ -- Global talent solutions and business consulting firm Robert Half (NYSE: RHI) has been selected by Fortune as one of the Best Workplaces for Women 2026, reinforcing the company's reputation as a workplace where women can build fulfilling careers.
The Best Workplaces for Women list is based on an extensive survey of approximately 640,000 women employed by Great Place To Work Certified™ companies. The evaluation considers workplace culture, benefits, advancement opportunities, programs supporting women's professional development and organizational demographics.
Women comprise 53% of Robert Half's global workforce and serve as Directors, company officers and in leadership roles across the organization.
"This recognition affirms our commitment to creating a workplace where women can advance, lead and build lasting careers," said M. Keith Waddell, President and Chief Executive Officer of Robert Half. "Investing in their professional development strengthens our organization, and we are committed to providing the opportunities and resources they need to reach their full potential."
Robert Half's commitment comes to life through comprehensive benefits, workplace flexibility, career development opportunities and employee networks. The company offers programs, resources and benefits designed to support employees throughout their careers and across different stages of life, including paid parental leave, infertility treatment, adoption and surrogacy assistance, and child and elder care support. Its Global Women's Employee Network (GWEN) helps women and allies across the organization connect, learn and grow.
"When employees have the support they need in both their personal and professional lives, they are empowered to thrive," said JoLynn Conway-James, Senior Executive Director and Chief Administrative Officer at Robert Half. "Our professional development programs, employee networks and family-focused resources help women broaden their opportunities and build rewarding careers."
Robert Half has also been recognized by Forbes as one of The World's Top Companies for Women, further reflecting its commitment to creating an inclusive workplace where employees can grow and succeed.
FAQs
What is Fortune's Best Workplaces for Women list?
The award recognizes Great Place To Work Certified™ companies based on feedback from approximately 640,000 women about workplace culture, benefits and advancement opportunities.
Why was Robert Half recognized?
The recognition reflects Robert Half's commitment to women's career advancement, leadership opportunities and workplace support.
How does Robert Half support women?
Robert Half provides career development, workplace flexibility, family-focused benefits and its Global Women's Employee Network (GWEN).
About Robert Half
Robert Half (NYSE: RHI) is the world's first and largest specialized talent solutions and business consulting firm, connecting highly skilled job seekers with rewarding opportunities at great companies. We offer contract talent and full-time placement solutions in the fields of finance and accounting, technology, marketing and creative, legal, and administrative and customer support, and we also provide executive search services.
Robert Half is the parent company of Protiviti®, a global consulting firm that delivers internal audit, risk, business and technology consulting solutions. In the last 12 months, Robert Half has been recognized as one of America's Most Innovative Companies by Fortune and, with Protiviti, has been named a Fortune® Most Admired Company™ and one of the 100 Best Companies to Work For. Explore talent solutions, research and insights at roberthalf.com.
Shares of semiconductor equipment giant KLA Corporation (KLAC +5.09%) rallied on Thursday, up as much as 7.9%, before pulling back to a 5.7% gain as of 1:52 p.m. EDT.
KLA reported earnings last night that handily beat analysts' expectations, despite already-high estimates tied to the AI build-out. After a sectorwide sell-off at the start of October, the numbers provided a welcome relief to this semiconductor equipment giant.
KLAC KLA$166.86+$8.09 (+5.09%)
NASDAQ · As of 3:01 PM ET 10/29/26
KLA is at the heart of the AI boomKLA is the dominant provider of process control machines that locate defects at various steps in the chipmaking process. As semiconductor manufacturing becomes increasingly complex for leading-edge logic and memory chips, this puts an even greater onus on accuracy and defect detection, benefiting KLA.
This importance was on display last night, as KLA's revenue surged 28.8% to $4.14 billion, while adjusted (non-GAAP) earnings per share rallied 38.6% to $1.22 per share. Both figures beat expectations. Management also guided to strong sequential growth in the December quarter to $4.7 billion at the midpoint, along with an adjusted EPS estimate of $1.44. That guide was also well ahead of expectations.
CEO Rick Wallace noted, "Process control, and KLA in particular, continues to be critical to the AI ecosystem build-out and benefits from numerous ongoing inflections, including increases in leading-edge designs across foundry and logic, device size and value, memory complexity and performance requirements, and the importance of advanced packaging."
Image source: Getty Images.
KLA isn't cheap on the surface, but is well off its highsAfter today's bounce, KLA trades at a little under 30 times its fiscal 2027 earnings estimates, with its fiscal year ending in June 2027, and about 24 times its fiscal 2028 estimates. However, it appears a pretty good bet that the fab build-out in both logic and memory will continue over those years, and KLA has a history of beating average estimates. As a positive sign, management stepped up share repurchases in the September quarter following the summer sell-off, indicating confidence in the stock price around these levels.
Sonic Automotive (SAH - Free Report) reported $3.99 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 0.4%. EPS of $1.30 for the same period compares to $1.41 a year ago.
The reported revenue represents a surprise of -0.77% over the Zacks Consensus Estimate of $4.02 billion. With the consensus EPS estimate being $1.66, the EPS surprise was -21.69%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Sonic Automotive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Franchised Dealerships Segment - Same Store - Unit Sales Volume - Used vehicles: 26,526 versus 26,472 estimated by two analysts on average.Franchised Dealerships Segment - Same Store - Unit Sales Volume - Total new vehicles: 28,096 versus 28,141 estimated by two analysts on average.Franchised Dealerships Segment - Gross Profit Per Unit - New vehicles: $3,037.00 versus the two-analyst average estimate of $2,903.29.Franchised Dealerships Segment - Gross Profit Per Unit - Used vehicles: $1,500.00 compared to the $1,361.92 average estimate based on two analysts.Revenues- Franchised Dealerships: $3.28 billion versus the two-analyst average estimate of $3.36 billion. The reported number represents a year-over-year change of -2.6%.Revenues- Franchised Dealerships Segment- Same Store- Used vehicles: $835.4 million compared to the $797.43 million average estimate based on two analysts. The reported number represents a change of +8.9% year over year.Revenues- Franchised Dealerships Segment- Total new vehicles: $1.73 billion versus the two-analyst average estimate of $1.79 billion. The reported number represents a year-over-year change of -7%.Revenues- Franchised Dealerships Segment- Used vehicles: $844.9 million versus $812.41 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.1% change.Revenues- Franchised Dealerships Segment- Parts, service and collision repair: $515.3 million compared to the $521.11 million average estimate based on two analysts. The reported number represents a change of +1% year over year.Revenues- Franchised Dealerships Segment- Finance, insurance and other, net: $142.6 million compared to the $148.18 million average estimate based on two analysts. The reported number represents a change of -3.4% year over year.Revenues- EchoPark Segment- Used vehicles: $509.9 million versus the two-analyst average estimate of $511.65 million. The reported number represents a year-over-year change of +16.1%.Revenues- EchoPark Segment- Finance, insurance and other, net: $54.9 million compared to the $60.15 million average estimate based on two analysts. The reported number represents a change of +3.8% year over year.View all Key Company Metrics for Sonic Automotive here>>>
Shares of Sonic Automotive have returned +4.6% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Published in earnings earnings-estimates-revisions earnings-surprise
Is it better to invest in identity security or automation? Comparing Okta (OKTA -1.89%) and UiPath (PATH -3.56%) helps clarify which software leader fits your growth strategy for the coming years.
Okta focuses on securing digital identities for employees and customers, while UiPath uses software robots to automate repetitive business tasks. Both operate in the broader software infrastructure space, but they serve different enterprise needs. Understanding their financial health and market position is essential for deciding between these tech stocks in 2026.
The case for OktaOkta provides cloud-based identity and access management for workforce and customer use cases. In its latest annual report, the company notes that it serves over 20,000 customers globally, including Fortune 50 enterprises and government agencies. As a prominent player among tech stocks, it maintains more than 7,000 integrations with partners such as Amazon (AMZN -3.60%) and Microsoft (MSFT -0.41%).
In FY 2026, revenue reached nearly $2.9 billion, representing growth of approximately 11.8% compared to the $2.6 billion reported in the previous fiscal year. This growth supported a net income of close to $235.0 million, which is a significant improvement over the $28.0 million earned in FY 2025. The company successfully improved its net margin to roughly 8.1%, up from 1.1% in the prior period.
As of its January 2026 balance sheet, the debt-to-equity ratio is roughly 0.1x, indicating a very low reliance on borrowed funds relative to shareholder equity. The current ratio stands at approximately 1.4x, suggesting the company can cover its short-term obligations using its short-term assets. FY 2026 free cash flow was nearly $863.0 million, though note that stock-based compensation represented roughly 61.5% of operating cash flow, which inflates reported cash generation.
The case for UiPathUiPath builds a business orchestration and automation platform that coordinates agents, robots, and people across enterprise workflows. In its latest annual report, the company highlights a focus on industries like financial services and healthcare while serving thousands of organizations worldwide. It recently expanded strategic alliances with partners like Snowflake (SNOW -4.35%) and BDO USA to develop AI agents for risk management.
In FY 2026, revenue reached roughly $1.6 billion, which represents a growth rate of approximately 12.7% over the $1.4 billion generated in FY 2025. The company reported a net income of nearly $282.3 million for the year, resulting in a net margin of close to 17.5%. This marks a substantial turnaround from the net loss and negative net margin recorded during the previous fiscal year.
As of its January 2026 balance sheet, the debt-to-equity ratio is 0.0x, meaning the company carries no debt. The current ratio is roughly 2.5x, reflecting a strong ability to cover near-term liabilities with short-term assets like cash and receivables. Free cash flow for FY 2026 was approximately $352.2 million, but note that stock-based compensation represented roughly 78.3% of operating cash flow, which inflates reported cash generation.
Risk profile comparisonOkta faces intense competition from larger, well-established companies like Microsoft and emerging start-ups in the identity space. As a provider of identity infrastructure, it remains a high-profile target for cybersecurity attacks that can harm its reputation and result in financial damage. Finally, the company must navigate evolving global data privacy laws such as GDPR, where failure to comply could lead to significant fines and litigation.
UiPath derives a substantial portion of its revenue from a limited number of large enterprise customers, meaning loss of spend from these clients could materially impact results. The automation market is highly competitive and requires rapid innovation to stay ahead of established platform vendors and AI start-ups. Additionally, reliance on third-party cloud hosting services and the integration of acquired businesses present ongoing operational and financial risks.
Valuation comparisonUiPath currently carries lower valuation multiples than Okta based on its P/S ratio, which measures market value against sales over the past twelve months. It also appears cheaper relative to its Forward P/E, a metric comparing price to future earnings estimates.
MetricOktaUiPathForward P/E56.0x18.2xP/S ratio12.0x4.3xValuation metrics include sourcing from Financial Modeling Prep (FMP) and may differ from other data providers.
I'd go with Okta. Both companies are selling software that enterprises genuinely need, but identity security is becoming more critical by the quarter, not less, and Okta is the independent platform most large organizations are standardizing on.
In Q2 fiscal 2027, Okta grew revenue at a steady pace while free cash flow and GAAP operating income improved significantly, showing the business is becoming more profitable as it scales. A pipeline of new products is contributing meaningfully to bookings and lifting deal sizes, which is encouraging to see. What I especially like about Okta is that its product becomes more essential as the threat landscape evolves, not less.
To give UiPath its due, the automation platform is executing well and AI is a strong tailwind for the business. But when budgets get tight, automation spending is easier to drop than identity security. For investors building long-term wealth, owning the product that has to stay on feels like the stronger foundation.
Finance coach John Vasquez, popularly known as Coach JV, has declared that XRP and Ripple are gaining ground as the company announces new developments in banking, digital asset custody, and stablecoin distribution.
In a video titled “XRP RIPPLE IS ON FIRE,” Vasquez pointed to Ripple’s latest announcements during Ripple Swell, arguing that the crypto industry is moving from regulatory resistance toward greater institutional participation.
“First they resist it, then they sue it, then they regulate it, then they join it,” Vasquez said. “We’re now in regulation and joining phase.”
Ripple Banking Deals Boosting Confidence Vasquez said Ripple’s recent progress has increased his confidence in the company. He highlighted its final approval from the OCC to establish a national trust bank.
He also pointed to Ripple’s growing partnership with BNY, which focuses on digital asset custody and exploring blockchain uses, such as tokenized trade finance.
Vasquez also mentioned Ripple’s RLUSD stablecoin, including its partnership with Robinhood and its availability on Coinbase, with deposits and withdrawals supported on the XRP Ledger, Base, and Ethereum.
He believes these developments show that Ripple is expanding its presence in both traditional finance and the digital asset market.
Coach JV Says XRP Holders Need Patience Despite his enthusiasm, Vasquez acknowledged that the growing number of Ripple announcements has not translated into the XRP price levels many investors expect.
“Why isn’t it at 10 bucks? Patience. Patience. Patience,” he said.
He argued that increased institutional involvement must eventually translate into actual utility and transactions before investors can assess the impact on XRP.
“We need the actual utility. We need all the transactions running through it,” Vasquez said, adding that this process would take time.
His comments highlight the distinction between Ripple’s corporate expansion and XRP’s market performance. While new banking relationships, custody services, and stablecoin distribution channels expand activity in Ripple’s ecosystem, their impact on XRP depends partly on whether they generate demand for the token.
XRP Remains Coach JV’s Top Crypto Holding Vasquez revealed that XRP is his largest cryptocurrency holding, followed by Bitcoin and Solana. He said he is currently buying more of all three.
He noted that he likes buying crypto when the market is fearful. For example, he bought more XRP during Ripple’s SEC lawsuit in 2020, when negative sentiment was high.
Vasquez also shared his plan for the bull market. He intends to sell some of his altcoins as prices rise and move the profits into his Capital DR system, while continuing to hold Bitcoin.
He believes the crypto industry is entering a new phase as more traditional financial institutions get involved, with Ripple well-positioned to benefit.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Ripple's Swell event kicked off with a bang on October 28, 2026, bringing together decision-makers from traditional finance, crypto, academia and the XRP ecosystem.
In one session highlighted by the official Swell X account, Johann Kerbrat, Senior VP and GM of Crypto at Robinhood, joined Ripple President Monica Long to discuss the evolution of crypto markets, expanding access to digital assets and the future of global financial services.
Tokenization took the main stage at The Shed 🌊 Robinhood's @JohannKerbrat sat down with Ripple President @MonicaLongSF to talk tokenization, crypto markets and what's next for @RobinhoodApp. https://t.co/I7X2E2MMxl
HOT Stories
— Swell (@RippleSwell) October 28, 2026 As Robinhood pushes into always-on markets through blockchain technology, the two crypto executives discussed the "unstoppable freight train" of tokenization and what was needed to build the future of global financial services on-chain.
Tokenization involves representing real-world or traditional financial assets as digital tokens on a blockchain, and it is attracting growing attention because it could enable assets to be issued, transferred, and managed through blockchain-based infrastructure.
You Might Also Like
Ripple CEO Brad Garlinghouse shares this same viewpoint, saying that as traditional and digital finance converge, market infrastructure is migrating to modern rails. Settlement is moving to real-time, 24/7 and tokenized assets can be traded, financed and used as collateral.
Ripple reported a banner year, with Long commenting on this milestone in an X post: "Our best year ever—approaching $900 million in annualized product revenue run rate exiting 2026, with customers and partners like Standard Chartered, DBS, HSBC, Robinhood, BNY and more using our blockchain infrastructure solutions built with XRPL for a variety of use cases to move, hold, tokenize and deploy assets."
Robinhood teams up with RippleThe conversation between the two crypto executives follows a major announcement ahead of the Swell event, which revealed a strategic partnership between Ripple and Robinhood to power the next generation of finance.
You Might Also Like
Robinhood will integrate Ripple Treasury to modernize and automate its global treasury operations, including cash and liquidity management, cash flow forecasting, payments, risk management, and intercompany netting. The financial services provider will leverage RLUSD on the XRPL for institutional settlement, extending the stablecoin's utility across Bitstamp by Robinhood's growing institutional business.
RLUSD has been listed on Robinhood Chain and Bitstamp by Robinhood and is expected to be available later this year in the Robinhood app.
Ripple expects to end 2026 with a record $900 million annualized product revenue run rate.
XRP has lost 28.8% of its value this year and trades near $1.29.
More than 1,700 institutions now use Ripple’s tools, including HSBC, BNY and Robinhood.
Treasury Secretary Scott Bessent opened Ripple’s Swell conference with CEO Brad Garlinghouse.
XRP could post back-to-back yearly losses for the first time since 2018 and 2019.
Ripple says 2026 is its best year ever. The blockchain company expects to end the year with a record $900 million annualized product revenue run rate.
At the same time, XRP is heading for its worst year since 2022. The token has lost nearly 29% of its value so far this year.
Ripple President Monica Long called it the company’s “best year ever.” She pointed to the revenue milestone and growing use of Ripple’s tools by major financial firms.
We’re kicking off 10 years of @RippleSwell with a bang!
1/ Goes without saying, but it was an honor to open up our conference with @SecScottBessent. His leadership, alongside the current administration, has been instrumental in ensuring that responsible crypto can thrive in the… pic.twitter.com/9kvULoDY0n
— Brad Garlinghouse (@bgarlinghouse) October 27, 2026
Ripple Reports Customer Growth and New Deals
Ripple said more than 1,700 institutions and businesses now use its infrastructure. The number of customers using more than one Ripple product has tripled this year.
Major customers and partners include Standard Chartered, DBS, HSBC, Robinhood and BNY. Ripple said its products enabled more than $16 trillion in transactions in 2025.
Its payments network is nearing $150 billion in total transaction volume. Its RLUSD stablecoin has grown more than 88% this year to a market value of $2.6 billion.
Last year, Ripple spent over $2.4 billion on acquisitions. These included Hidden Road, now Ripple Prime, for $1.25 billion, GTreasury for $1 billion and Rail for $200 million.
CEO Brad Garlinghouse said Ripple aims to bring services usually offered by separate firms onto one platform. The company uses blockchain technology and digital assets like XRP to do this.
On Oct. 26, the Office of the Comptroller of the Currency gave final approval for Ripple National Trust Bank. The bank can manage RLUSD reserves and offer digital asset custody services.
The same day, Ripple Treasury launched a 24/7 Returns feature. It lets eligible business customers earn returns on qualifying digital assets, including RLUSD, during nights, weekends and holidays.
Ripple is hosting its Swell conference from Oct. 27 to 29 at The Shed in Manhattan. Treasury Secretary Scott Bessent opened the event with Garlinghouse.
Garlinghouse said Bessent’s leadership “has been instrumental in ensuring that responsible crypto can thrive in the US.” He also pointed to a new agreement with Robinhood and expanded work with BNY.
XRP Heads for Worst Year Since 2022
CryptoRank data shows XRP has lost 28.8% in 2026. That follows an 11.6% drop last year.
The token rose 82.5% in 2023 and 235.7% in 2024. This year, it fell from a high of $2.40 to below $1 in August.
The wider crypto market has also struggled. Bitcoin dropped below $60,000 at one point this year after hitting a record near $126,000 in October 2025.
Bitcoin has since recovered above $80,000 but is still down about 8% this year. Ethereum has fallen about 20% and Solana about 17%.
XRP traded near $1.29 on Oct. 29, down about 3% in 24 hours. It is down more than 50% over the past 12 months.
If losses hold through December, XRP would post its worst year since its 59.2% drop in 2022. It would also be the token’s first back-to-back losing years since 2018 and 2019.
The XRP community has turned its focus to Ripple’s leadership as the company enters a pivotal phase in 2026. David Schwartz, Ripple’s Chief Technology Officer, posted a photo on X while standing next to Ayo Akinyele, Head of Engineering at RippleX, at the Times Square 42nd Street subway station in New York. The post featured an XRP-branded train and carried the caption: “Time to get on the XRP Train.”
Swell 2026 and Ripple’s Regulatory MilestonesRipple’s annual Swell conference is currently taking place in New York, a venue known for bringing together partners, executives, and regulators from across the digital asset ecosystem. The timing stands out, as Ripple has secured final approval from the US Office of the Comptroller of the Currency (OCC) for the banking charter of Ripple National Trust Bank just days before the event.
Previously, the OCC had extended conditional approval in December 2025. The most recent confirmation, delivered on October 26, allows Ripple National Trust Bank to operate under federal oversight. The bank will manage reserves for RLUSD, Ripple’s dollar-backed stablecoin, whose asset base has now reached $2.5 billion. In addition, it is authorized to offer digital asset custody services to institutional clients, a move seen as highly consequential for Ripple’s expansion in the financial services sector.
2026 has also been a year of rapid growth for Ripple’s operations beyond regulatory achievements. The company completed the $1.25 billion acquisition of Hidden Road, rebranding the business as Ripple Prime. This entity began operations in March and has since reported an annual clearing volume of approximately $3 trillion, highlighting increasing demand from institutions.
MetricDetails (2026)RLUSD reserves$2.5 billionRipple Prime annual clearing$3 trillionXRP ETFs total AUM$1.5 billion+Multiple spot XRP exchange-traded funds (ETFs) have also gone live, amassing combined assets under management above $1.5 billion. Deutsche Bank has incorporated Ripple technology for cross-border payments, and Kyoto Life Insurance began tokenizing government bonds utilizing Ripple Custody.
Mini dictionary: RippleX is a division within Ripple focused on supporting the development of open-source technology and tools for applications built on the XRP Ledger, enabling broader adoption of decentralized finance solutions.
Leadership Presence and Community EngagementAmid growing interest and institutional milestones, Schwartz’s post quickly resonated among XRP supporters on X. The ongoing Swell conference and the green light for the bank charter are being viewed by many as pivotal events that could drive further momentum for Ripple and XRP.
Schwartz and Akinyele appeared beside an XRP-branded train, posting the message: “Time to get on the XRP Train,” at a high-profile moment for Ripple as the firm celebrates recent regulatory and business breakthroughs at its flagship event in New York.
The gathering aligns with broader achievements for Ripple, and discussions within the community have intensified as observers assess the significance of these developments for XRP’s prospects.
Community response to the recent developments was mixed, ranging from optimism to a sense of urgency. One member questioned whether the “train had already left the station,” implying that key opportunities might already be realized amid growing interest from institutions and retail holders.
Another supporter remarked that they had “made it onto the XRP train,” suggesting timely involvement as Ripple accelerates into new financial sectors. Some posts referenced the sentiment that the “XRP train had finally departed,” reflecting long-standing anticipation for tangible catalysts in the asset’s value and utility.
Some XRP holders shared images of themselves on real trains in response, creating a visual connection to the company’s “get on the train” metaphor and expressing their enthusiasm for Ripple’s ongoing developments.
Throughout, images of trains circulated widely, as many community members showcased their ongoing participation in the $XRP ecosystem, anticipating the outcomes of Ripple’s new initiatives.
Ripple CEO Brad Garlinghouse and former Chief Technology Officer David Schwartz have shared their outlook on XRP and Ripple’s future.
Speaking at Ripple Swell 2026, Garlinghouse described XRP as a foundational technology for Ripple’s expanding financial services business. He also outlined how the company hopes to move a portion of its growing transaction volumes onto blockchain networks.
Garlinghouse believes blockchain will eventually become as commonplace as the internet, changing how people manage money, receive payments, and invest.
“XRP is Our Best Interest” — Garlinghouse When asked where XRP will be in five years, Garlinghouse said XRP would continue to establish itself as the “institutional gold standard for crypto rails.”
He discussed Ripple’s business growth and how it creates opportunities for XRP. He described Ripple as a blockchain infrastructure company that initially focused on payments before expanding into corporate treasury services and prime brokerage.
According to the CEO, XRP remains foundational to the company’s strategy, although he acknowledged that it will not be the most suitable option for every transaction.
“Any place it makes sense, we’re going to prioritize XRP because candidly it’s in our own best interest,” he said.
Garlinghouse added that Ripple uses fiat currencies or its RLUSD stablecoin where those options better serve customers. He argued that focusing only on XRP’s share of transactions overlooks the opportunity created by growth in the overall payments market.
“If that means I’m going to use other methods, whether it’s fiat or a stable coin, RLUSD, that’s great because that still means I’m getting some of the pie,” he explained.
The executive also highlighted growth in Ripple’s customer base, saying its revenue had increased from $300 million to $900 million.
He referenced approximately $16 trillion in transaction value discussed at the previous year’s event, noting that nearly all of that activity relied on traditional financial rails. Garlinghouse said he hoped to report at next year’s event that 1% to 3% of that volume had moved onchain.
Schwartz Expects Mass Retail Adoption Within 5 Years David Schwartz also discussed where XRP and Ripple could stand in five years. He predicted that blockchain technology would reach mass retail adoption by that time.
“Definitely there will be mass retail adoption like blockchain will be like the internet,” Schwartz said. “It will be how they manage their money. It will be how they get paid. It will be how they invest.”
He suggested that this transition could happen even sooner, with blockchain becoming an integral part of financial services within approximately three years.
Schwartz also pointed to the tokenization of real-world assets (RWAs) as an enabler of mass retail adoption. As more traditional assets move onto blockchain networks, he suggested, the technology could become accessible to more people for everyday financial activities.
XRP’s Future Depends on Institutional and Retail Adoption Garlinghouse’s outlook places institutional adoption and the tokenization of traditional assets at the center of Ripple’s long-term strategy.
If more financial institutions move transactions onto blockchain networks, XRP could benefit where it is used to facilitate those activities. However, the CEO’s comments also make clear that Ripple intends to support different payment methods, including RLUSD, when they better fit a customer’s needs.
TL;DR: At its Swell conference, Ripple said it was approaching a $900 million annualized product-revenue run rate as it heads toward the end of 2026. For cryptocurrency markets, the announcement is another example of major blockchain companies finding revenue streams beyond token price appreciation.
At its Swell conference, Ripple said it was approaching a $900 million annualized product-revenue run rate as it heads toward the end of 2026. The company links the expansion to stronger enterprise demand and the integration of acquisitions across payments, custody, prime brokerage and treasury management. It also highlighted relationships involving BNY, Robinhood, DriveWealth and other organizations. A run rate is an annualized pace derived from a current period; it is not the same as audited full-year revenue or a guarantee that the pace will be maintained.
The event and the market response
Ripple says its products enabled more than $16 trillion in transactions during 2025 and that more than 1,700 institutions, corporates and enterprises have access to its digital-asset infrastructure. Those figures describe activity and reach across a broad product portfolio rather than direct XRP trading volumes. The company is using the same conference to emphasize RLUSD, its bank-charter progress and efforts to join conventional financial workflows with onchain assets. Each component addresses a different part of the business case, from asset custody to corporate cash movement.
Why the development matters to the crypto market
For cryptocurrency markets, the announcement is another example of major blockchain companies finding revenue streams beyond token price appreciation. Payments infrastructure, custody and regulated stablecoins can serve clients even when speculative trading cools. However, the relationship between a company’s business revenue and the price of a separate public-network asset is indirect. The most useful market signals will be demonstrable demand for XRP Ledger transactions, stablecoin settlement and institutional integrations, rather than assuming all corporate growth flows to XRP holders.
The distinction between a blockchain record and the economic rights behind it is crucial for anyone evaluating this news. Digital tokens may move quickly, but title, custody, investor eligibility and redemption remain governed by legal agreements and regulated entities. A new integration should therefore be judged by the processes it can complete end to end, not simply by the number of assets it can represent. Traders also need to resist treating institutional enthusiasm as an automatic bullish signal for a native cryptocurrency: commercial adoption and token pricing can diverge for long periods.
An institutional buyer will evaluate the cost of connecting a new rail to its existing systems before celebrating the technology. That includes identity checks, transaction reporting, asset servicing, reconciliation and recovery procedures when something goes wrong. A smaller but repeatable workflow can be commercially more valuable than an enormous theoretical market size. In this case, progress should be measured against the promised operational improvement and the conditions attached to it. Without usage figures, no one can reliably turn a partnership or infrastructure milestone into a forecast of investment returns.
What the headline does not establish
The bigger question is how announcements translate into recurring revenue and transaction activity. A partnership may include integration work, testing or planned expansion before it represents substantial production volume. The economics of corporate treasury software are also different from those of token trading or settlement. Investors should therefore avoid treating the headline run rate as a proxy for the XRP token’s intrinsic value. Ripple’s disclosure offers direction about strategy, but does not replace segment-by-segment financial statements.
What to watch next
Future results should clarify the difference between announced partnerships, active customers and recognized revenue. Independent evidence of settlement volume and adoption across multiple products would give the annualized figure greater meaning.
, /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its Board of Directors declared a quarterly cash dividend of $0.17 per share. This quarter's dividend will be payable on November 23, 2026, to shareholders of record as of November 12, 2026.
About MGIC
Mortgage Guaranty Insurance Corporation (MGIC) (mgic.com), the principal subsidiary of MGIC Investment Corporation, provides mortgage insurance solutions that support responsible credit risk management for mortgage lenders and investors and enable borrowers to qualify for mortgages with lower down payments. As the founder and longstanding leader of today's private mortgage insurance industry, MGIC continues to guide the industry's evolution while serving as a trusted partner to lenders across the country.
From time-to-time MGIC Investment Corporation releases important information via postings on its corporate website, and via postings on MGIC's website, and it intends to continue to do so in the future. Such postings include corrections of previous disclosures and may be made without any other disclosure. Investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information for MGIC Investment Corporation alerts can be found at https://mtg.mgic.com/shareholder-services/email-alerts. For information about our underwriting and rates, see https://www.mgic.com/underwriting.
Texas Instruments just raised its dividend again and throws off billions in free cash flow, yet one number buried in its payout math raises a real question about which analog chip giant actually has the safer income stream.
Texas Instruments (NASDAQ:TXN | TXN Price Prediction) just raised its quarterly dividend to $1.52 from $1.42. Analog Devices (NASDAQ:ADI) pays $1.10. Both make analog chips, which turn real-world signals like heat, sound, and voltage into usable data. Those parts stay in factory equipment and cars for years, so the cash they produce tends to be steady, and steady cash is what pays dividends.
Factories and Data Centers Are Paying for Both Dividends At Texas Instruments, industrial revenue climbed more than 40%, and data center revenue rose about 95%. The recovery was broad, and it showed up in cash. Trailing free cash flow reached $8.4 billion, up from $2.4 billion a year earlier as spending on its 300mm wafer factories slowed. CEO Haviv Ilan credited “the benefit of 300mm production.”
Analog Devices grew faster. Industrial sales rose 53% to $1.972B, and communications jumped 84% on AI data center demand. The adjusted operating margin hit 50.0%, which points to real pricing power. CEO Vincent Roche put it: “The origin of the high gross margin structures is the innovation premium that we attract.”
Dividend Lens Texas Instruments Analog Devices Forward yield 1.98% 1.03% Straight annual increases 23 22 Latest raise 7% 11% Dividends as share of TTM free cash flow 62% 42% Cash and short-term investments $8.1 billion $2.3 billion Texas Instruments Pays More While Analog Devices Keeps a Wider Cushion Texas Instruments sends almost all of its returned cash out as dividends. Buybacks came to only $48M last quarter. Trailing free cash flow also includes $1.6 billion of CHIPS Act incentives. Strip those out, and dividends use about 76% of free cash flow. That leaves a much thinner margin of safety.
Analog Devices plans to put 40% to 60% of free cash flow toward the dividend and use the rest to buy back stock. It repurchased $1.157B in the quarter, so it has a large pool of cash it could redirect before ever cutting the dividend. The catch is the balance sheet. Total debt rose to $9.12 billion after the all-cash $1.5 billion purchase of Empower Semiconductor.
One Risk Hangs Over Each Payout For Texas Instruments, the risk is capital spending in 2027. Ilan said that budget depends on “demand and our aspiration for growth,” and he admitted the company is “investing ahead of demand.” If capex climbs again just as CHIPS incentives wind down, free cash flow could shrink while the dividend continues rising.
Analog Devices faces a different exposure. Roche noted that “AI capex could slow or decrease,” and data center sales now make up 80% of its communications segment.
Why I Give Analog Devices the Durability Edge If you want the most income today, Texas Instruments pays nearly double the yield, and its 23-year record of increases speaks for itself. When I ask which dividend will last, though, I pick Analog Devices. It spends less on factories, earns higher margins, and pays its dividend with less than half of its free cash flow. I would rethink that if Texas Instruments keeps 2027 capex in the $2 billion to $3 billion range, similar to this year.
Contact [email protected] for any questions or corrections.
Marvell Technology Inc. (NASDAQ:MRVL) shares are falling Thursday after a report said the chipmaker is far along in negotiations to acquire Lumentum, a maker of optical parts for AI data centers.
Marvell Technology stock is among today’s weakest performers. What’s weighing on MRVL shares? Marvell Stock Falls On Lumentum Takeover ReportBloomberg reported that Marvell is negotiating a takeover of Lumentum Holdings Inc. (NASDAQ:LITE), and Marvell shares are sliding Thursday. People briefed on the talks said Marvell would pay entirely with its own shares, and an announcement could come as early as next week. They requested anonymity since the discussions are confidential.
Nothing is settled. Both the outcome and the schedule remain open, the sources cautioned, and negotiations could end without a deal. It put Lumentum’s market value near $85 billion and Marvell’s near $196 billion, and the terms were not known. A deal would rank among the biggest transactions the technology industry has seen.
Why Lumentum Matters to MarvellLumentum supplies the lasers behind fast optical links. As AI data centers pack in more processors, connections between chips and servers increasingly run on light rather than copper. Supply is already short.
Earlier in October, Lumentum CEO Michael Hurlston said every optical part the company can make is already spoken for until early 2029. About 70% of customer demand for certain products will go unmet next year, he said.
Marvell makes chips and is already a Lumentum customer for lasers. Buying the supplier would give Marvell its own source of a scarce part and the factory capacity behind it, both of which are turning into chokepoints as AI infrastructure expands.
MRVL Shares Are TumblingMRVL Price Action: Marvell shares were down 13.92% at $216.64 at the time of publication on Thursday, according to Benzinga Pro.
Read Next
Image: PJ McDonnell/Shutterstock
Market News and Data brought to you by Benzinga APIs
Marvell Technology (MRVL -14.22%) stock is sinking, down 13.9% as of 2:44 p.m. ET on Thursday, Oct. 29, after a report said the chipmaker is close to buying a big optics supplier.
The S&P 500 and the Nasdaq Composite were down 0.7% and 1.7%, respectively.
Image source: Getty Images.
Marvell has its eye on LumentumBloomberg reported after Wednesday's close that Marvell is in advanced talks to acquire Lumentum, a company that builds key optical components for AI data centers. An announcement could land as early as next week according to the report, but nothing has been finalized.
Marvell can't just write a checkMarvell has about $3.93 billion in cash and equivalents, and given Lumentum's $83 billion market cap, Bloomberg has reported it is likely to be all stock. That means dilution for existing shareholders. The company actually acquired a smaller optics company last year, in a $3.5 billion deal that included $1 billion in cash. This would be substantially larger.
MRVL Marvell Technology$215.86-$35.79 (-14.22%)
NASDAQ · As of 3:00 PM ET 10/29/26
The price tag is the real questionMarvell's overall business is humming, with Q2 revenue up 37% to a record $2.74 billion. I think optics is a smart place for Marvell to grow, but this is a massive deal relative to its size, and whether it pays off is a question we can't really answer until more details come to light.
Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Lumentum and Marvell Technology. The Motley Fool has a disclosure policy.
Key Takeaways WEC's Q3 earnings rose 42.2% to $1.18 per share, beating estimates by 20.41%, while revenues grew 8.9%.
Retail electricity deliveries rose 3.3%, led by a 5.1% rise in residential demand.
WEC's operating income rose 25.4% to $563.7 million, lifting its 2026 EPS outlook.
WEC Energy Group (WEC - Free Report) reported third-quarter 2026 earnings of $1.18 per share, which surpassed the Zacks Consensus Estimate of 98 cents by 20.41%. The bottom line also increased 42.2% from the year-ago quarter's 83 cents, driven by favorable weather, capital investments and operating efficiency.
WEC’s RevenuesOperating revenues of $2.29 billion beat the Zacks Consensus Estimate of $2.23 billion by 2.72%. The top line increased 8.9% from $2.10 billion recorded in the year-ago quarter.
WEC's Electric Sales and Load TrendsRetail electricity deliveries, excluding the iron ore mine in Michigan's Upper Peninsula and VLCs in Wisconsin, increased 3.3% during the third quarter of 2026. Residential electricity consumption rose 5.1%, reflecting stronger demand amid warmer-than-normal weather.
Electricity consumption by small commercial and industrial customers increased 3.5%, while large commercial and industrial use, excluding the iron ore mine and VLCs, improved 1%.
On a weather-normalized basis, retail electricity deliveries, excluding the iron ore mine and VLCs, increased 0.4% year over year. The modest underlying growth indicates that favorable weather contributed meaningfully to the reported increase in electricity demand.
WEC's Costs and Operating ResultsTotal operating expenses increased 4.4% year over year to $1.73 billion. This increase was primarily due to higher cost of sales, increased other operation and maintenance expenses, and a rise in property and revenue taxes.
Total operating income increased 25.4% year over year to $563.7 million from $449.6 million in the prior-year quarter. Operating income growth outpaced revenue growth, reflecting improved operating profitability during the third quarter.
Equity earnings from transmission affiliates increased 20.1% to $65.8 million from $54.8 million in the year-ago quarter.
Interest expenses increased 8.1% year over year to $241.7 million, reflecting an additional expense burden.
WEC Energy's Balance Sheet and Cash FlowAs of Sept. 30, 2026, WEC had cash and cash equivalents of $58.8 million compared with $27.6 million as of Dec. 31, 2025.
As of Sept. 30, 2026, long-term debt increased to $19.72 billion from $18.50 billion as of Dec. 31, 2025.
Net cash provided by operating activities increased 15.5% year over year to $3.41 billion during the first nine months of 2026 compared with $2.95 billion in the corresponding period of 2025.
For the nine months ended Sept. 30, 2026, capital expenditures, including allowance for funds used during construction related to debt, increased 6.4% year over year to $3.32 billion from $3.12 billion.
WEC Energy's Updated Earnings OutlookWEC Energy raised its 2026 earnings guidance to $5.60-$5.64 per share. The Zacks Consensus Estimate for 2026 earnings is pegged at $5.60 per share, which is at the lower end of the company's guided range.
WEC’s Zacks RankThe company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Upcoming ReleasesEntergy (ETR - Free Report) is set to report third-quarter 2026 results on Nov. 2, before the market opens. The Zacks Consensus Estimate for earnings is pegged at $1.71 per share, which implies year-over-year growth of 11.76%.
ETR’s long-term (three to five years) earnings growth rate is 10.16%. The Zacks Consensus Estimate for third-quarter 2026 sales is pinned at $4.16 billion, which implies a year-over-year improvement of 9%.
Evergy (EVRG - Free Report) is scheduled to report third-quarter 2026 results on Nov. 5, before the market opens. The Zacks Consensus Estimate for earnings is pegged at $2.30 per share, which implies year-over-year growth of 13.30%.
EVRG’s long-term earnings growth rate is 9.07%. The Zacks Consensus Estimate for third-quarter 2026 sales is pinned at $1.90 billion, which implies a year-over-year improvement of 4.71%.
PPL Corporation (PPL - Free Report) is scheduled to report third-quarter 2026 results on Nov. 6, before the market opens. The Zacks Consensus Estimate for earnings is pegged at 53 cents per share, which implies year-over-year growth of 10.42%.
PPL’s long-term earnings growth rate is 5.26%. The Zacks Consensus Estimate for third-quarter 2026 sales is pinned at $2.44 billion, which implies a year-over-year improvement of 8.91%.
Key Takeaways Hershey's Q3 earnings jumped 103.1% to $2.64 per share, while net sales rose 3% to $3.28 billion.
HSY's adjusted gross margin expanded 1,090 bps to 42.7%, aided by pricing, cost relief and tariff refunds.
Hershey raised its 2026 sales growth outlook to 5% and adjusted EPS guidance to $8.58-$8.74.
The Hershey Company (HSY - Free Report) delivered an impressive third-quarter 2026 performance, benefiting from strategic pricing actions, easing commodity costs, productivity savings and tariff refunds, despite persistent volume pressures and cautious consumer spending.
The company posted adjusted earnings of $2.64 per share, up 103.1% year over year, surpassing the Zacks Consensus Estimate of $2.12. Net sales increased 3% to $3,275.5 million, beating the consensus mark of $3,254 million. Organic, constant-currency sales rose 0.8%, as approximately 11 points of pricing more than offset a 10-point volume decline.
HSY's Sales Growth Benefits From PricingThe LesserEvil acquisition contributed 2.1 percentage points to total sales growth, while foreign currency provided a 0.1-point benefit. Pricing remained the primary organic growth driver, particularly in North America Confectionery, reflecting previously implemented strategic pricing actions.
Volume pressure primarily reflected pricing elasticity in North America Confectionery and International, alongside shipment timing and portfolio optimization in International. Management highlighted increasing consumer caution amid higher gas prices, inflation and interest rates, particularly in convenience stores.
Hershey's Adjusted Margins Expand SignificantlyAdjusted gross margin expanded 1,090 basis points to 42.7%. Net price realization, productivity savings, tariff refunds and lower net commodity costs more than offset reduced volumes and higher freight and logistics expenses. Results benefited from approximately $57 million in tariff refunds and favorable cocoa hedge timing.
Adjusted operating profit surged 78.5% to $754 million, while adjusted operating margin expanded 970 basis points to 23%. Advertising and related consumer marketing expenses increased 17.1%, reflecting higher brand investments. Adjusted operating expenses, excluding advertising, rose approximately 5%, primarily due to increased capability and technology investments.
HSY's Segment Results Show Mixed TrendsNorth America Confectionery sales increased 1.6% to $2,656.5 million. Organic, constant-currency sales rose at the same rate, as approximately 13 points of pricing were partly offset by an 11-point volume decline. Segment income jumped 66.2% to $949.7 million, lifting the segment margin 1,400 basis points to 35.8%. Pricing, productivity savings, tariff refunds and lower commodity costs supported profitability.
North America Salty Snacks sales climbed 22.3% to $392.7 million, with LesserEvil contributing approximately 20 percentage points. Organic, constant-currency sales increased 2.3%, supported by roughly 1 point each of volume growth and pricing. However, supply constraints affecting Dot's Pretzels and multipacks restricted shipments. Segment income fell 17.9% to $47.4 million, while the margin contracted 590 basis points to 12.1%, reflecting higher manufacturing, logistics and commodity costs, alongside increased marketing investments.
International sales declined 7.5% to $226.4 million. Organic, constant-currency sales dropped 9.7%, as approximately 4 points of pricing were outweighed by a 14% volume decline. Shipment timing, portfolio rationalization and elasticity pressured performance. The segment recorded a loss of $30 million compared with a loss of $13.6 million a year earlier. Segment margin deteriorated 770 basis points to a negative 13.3%.
Hershey's Brand Investments Support Consumer DemandHershey continued investing in innovation, marketing and merchandising to strengthen consumer engagement. Third-quarter U.S. retail sales of non-seasonal confectionery, mint and gum increased 2%, while two-year growth accelerated to nearly 4% from 2.5% in the first half.
Management highlighted encouraging results from Hershey Crème Filled Bars and Reese's Oreo, alongside improved marketing effectiveness. However, softer convenience-store trends and ongoing salty snacks supply constraints remained key operational challenges.
HSY's Financial Position and Capital ReturnsCash and cash equivalents totaled $676.7 million, while long-term debt amounted to $4,492.6 million. Capital additions, including software, totaled $101 million, up $15 million year over year. Dividend payments reached $285 million, reflecting a 5% increase.
The company did not repurchase common shares during the quarter. It had $270 million remaining under its December 2023 authorization and $500 million under the June 2026 authorization.
Hershey Raises Its 2026 Earnings OutlookManagement raised its 2026 net sales growth outlook to approximately 5% from 4.5-5%, while lowering organic sales growth expectations to approximately 3% from 3-3.5%.
Adjusted earnings growth is now projected to be 36-38.5% compared with 32.5-35% previously. This translates to adjusted earnings of $8.58-$8.74 per share, including tariff refund benefits. Management maintained its underlying adjusted earnings growth expectations, excluding tariff refunds.
Hershey expects adjusted gross margin expansion of approximately 370 basis points, including tariff refunds. The company expects capital expenditures of approximately $450 million and interest expenses of $200 million, while savings from its Advancing Agility & Automation program are projected at $100 million.
For 2027, management anticipates continued cocoa cost deflation and low-double-digit earnings recovery, although higher freight costs, broader inflation and consumer spending pressures could constrain growth.
This Zacks Rank #3 (Hold) stock has lost 11.8% over the past six months, almost in line with the industry.
Stocks to ConsiderThe Chefs' Warehouse, Inc. (CHEF - Free Report) , a premier distributor of specialty food products, currently carries a Zacks Rank #2 (Buy). CHEF delivered a trailing four-quarter earnings surprise of 29.3%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for The Chefs' Warehouse’s current fiscal-year EPS implies growth of 35.3% from the year-ago figure.
Mama's Creations, Inc. (MAMA - Free Report) , a prepared-foods company focused on fresh, ready-to-eat and deli products, currently carries a Zacks Rank of 2. MAMA delivered a trailing four-quarter earnings surprise of 121.7%, on average.
The Zacks Consensus Estimate for Mama's Creations’ current fiscal-year sales and EPS indicates an increase of 30.3% and 66.7%, respectively, from the year-ago period.
The J.M. Smucker Company (SJM - Free Report) , a leading manufacturer and marketer of branded food, beverage, pet food and pet snack products, currently carries a Zacks Rank #2. SJM delivered a trailing four-quarter earnings surprise of 13.8%, on average.
The Zacks Consensus Estimate for The J.M. Smucker’s current fiscal-year EPS implies growth of 17.1% from the year-ago figure.
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.
In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.
However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Our proprietary system currently recommends Vertiv Holdings Co. (VRT - Free Report) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this company is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings GrowthArguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Vertiv is 74.6%, investors should actually focus on the projected growth. The company's EPS is expected to grow 61.3% this year, crushing the industry average, which calls for EPS growth of 9.5%.
Cash Flow GrowthWhile cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for Vertiv is 41%, which is higher than many of its peers. In fact, the rate compares to the industry average of 11.5%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 31.5% over the past 3-5 years versus the industry average of 8%.
Promising Earnings Estimate RevisionsSuperiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for Vertiv. The Zacks Consensus Estimate for the current year has surged 7.7% over the past month.
Bottom LineWhile the overall earnings estimate revisions have made Vertiv a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that Vertiv is a potential outperformer and a solid choice for growth investors.
Key Takeaways Vertiv's Q3 earnings jumped 78% to $2.21 per share, while revenues surged 61.2% to $4.31 billion.
VRT's organic orders more than doubled as AI infrastructure demand fueled robust power and cooling sales.
Vertiv raised its 2026 sales outlook to $14.45B-$14.85B and adjusted EPS guidance to $7.10-$7.20.
Vertiv (VRT - Free Report) reported third-quarter 2026 adjusted earnings of $2.21 per share, up 78% year over year. The figure beat the Zacks Consensus Estimate by 21.43%.
Net sales surged 61.2% year over year to $4.31 billion, surpassing the consensus estimate by 14.61%. Organic sales increased 55%, while acquisitions contributed approximately 6%. Strong data center infrastructure demand supported broad-based growth, with organic orders increasing more than 100% year over year.
VRT’s Regional Sales Reflect Broad-Based StrengthAmericas net sales surged 74.5% year over year to $2.99 billion, including organic growth of 66.2%. Capacity expansion and disciplined backlog execution supported revenue growth across the portfolio. Management highlighted accelerating pipeline activity and strong demand across customer categories.
Asia Pacific revenues increased 49.9% year over year to $779.3 million, with organic growth of 48.3%. Demand remained particularly strong in India and Australia, while China showed encouraging signs of improvement.
Europe, the Middle East and Africa (EMEA) sales climbed 22.8% year over year to $544.7 million, including 19.3% organic growth. Management highlighted improving pipeline conversion, with the region’s pipeline approximately doubling year over year.
Vertiv’s Revenue Mix Highlights Product DemandProduct revenues surged 64.2% year over year to $3.64 billion, accounting for approximately 84% of total sales. Growth reflected increasing demand for power, cooling and integrated infrastructure solutions supporting high-density data centers.
For the third quarter of 2026, Service revenues increased 46.4% year over year to $675.7 million.
VRT’s Profitability Expands on Operational EfficiencySelling, general and administrative expenses increased 34.4% year over year to $556.9 million.
Operating profit surged 90.4% to $983.8 million, while GAAP operating margin expanded 350 basis points to 22.8%.
Adjusted operating profit climbed 82.5% year over year to $1.09 billion, exceeding the midpoint of guidance by $169 million. Adjusted operating margin expanded 290 basis points to 25.2%.
Americas adjusted operating profit rose 74.8% to $877.3 million, with a margin of 29.4%. APAC adjusted operating profit surged 93.3% to $132.4 million, while EMEA’s increased 82.4% to $152.3 million.
Vertiv’s Cash Flow Supports Financial FlexibilityAs of Sept. 30, 2026, cash and cash equivalents totaled $3.51 billion, with short-term investments of $198.8 million and long-term debt of $2.93 billion.
Net cash provided by operating activities increased 64.5% year over year to $794 million. Adjusted free cash flow rose 49.6% to $652.2 million.
VRT’s Capacity Expansion Targets AI InfrastructureVertiv continues expanding its global manufacturing footprint to support accelerating demand. Investments include power and thermal management facilities across the Americas, Europe and Asia Pacific. Management expects to double chiller production capacity by year-end.
The company is also advancing AI infrastructure deployment through collaborations with NVIDIA, Dassault Systemes and Polar Data Centers. Its integrated design and modular deployment approach targets up to 30% higher cumulative AI token output during the first 12 months, compared with conventional deployment methods, based on modeled assumptions.
Management expects capital expenditures to represent approximately 4% of 2026 sales, supporting manufacturing expansion, engineering development and next-generation infrastructure technologies.
Vertiv Raises Fourth-Quarter and Full-Year OutlookFor the fourth quarter of 2026, Vertiv expects net sales between $4.31 billion and $4.51 billion, with adjusted earnings of $2.22-$2.28 per share. Adjusted operating profit is projected to be between $1.12 billion and $1.16 billion, with an adjusted operating margin of 25.3%-26.3%.
For 2026, net sales are now forecasted to be between $14.45 billion and $14.85 billion, reflecting a $650 million increase at the midpoint from the prior guidance. Adjusted earnings are projected to be in the range of $7.10-$7.20 per share.
Adjusted operating profit is expected to be between $3.48 billion and $3.56 billion, with an adjusted operating margin of 23.5%-24.5%. Adjusted free cash flow guidance was raised to the range of $2.6 billion-$2.8 billion.
VRT’s Zacks Rank & Other Stocks to ConsiderVertiv currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader Zacks Computer and Technology sector include ACI Worldwide (ACIW - Free Report) , Affirm (AFRM - Free Report) and AMETEK (AME - Free Report) . While AFRM and AME sport a Zacks Rank #1 (Strong Buy), ACI Worldwide carries a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
ACI Worldwide shares have gained 15.4% in the year-to-date period. ACI Worldwide is set to report third-quarter 2026 results on Nov. 5.
Shares of Affirm have plunged 1.5% year to date. Affirm is set to report first-quarter fiscal 2027 results on Nov. 5.
Shares of AMETEK have rallied 20.8% year to date. AMETEK is slated to report third-quarter 2026 results on Nov. 3.
Key Takeaways IDACORP's Q3 earnings rose 20.8% to $2.73 per share, while revenues climbed 15.9% to $608 million.Higher Idaho base rates, customer growth and large contract revenues drove IDACORP's earnings growth.IDACORP raises its 2026 EPS guidance to $6.40-$6.50 and maintains its $1.3-$1.5 billion capex forecast.
IDACORP, Inc. (IDA - Free Report) reported third-quarter 2026 earnings of $2.73 per share, which surpassed the Zacks Consensus Estimate of $2.51 by 8.8%. The bottom line also increased 20.8% from $2.26 in the year-ago quarter.
The year-over-year improvement was primarily driven by higher Idaho base rates, continued customer growth and increased revenues from large contract customers.
IDA’s Total RevenuesTotal revenues in the third quarter of 2026 were $608 million, outpacing the Zacks Consensus Estimate of $561 million by 8.4%. The top line also rose 15.9% from $524.4 million in the year-ago quarter.
IDACORP Gains From Large Contract CustomersRetail revenues from large contract customers, net of associated power supply costs and the Idaho Power cost adjustment mechanism, increased operating income by $11.8 million compared with the year-ago quarter.
The improvement was primarily due to the commencement of revenues under a large customer contract on June 1, 2026, higher Idaho base rates and increased electricity usage per large contract customer.
Highlights of IDA’s Q3 ReleaseIDACORP's total operating expenses increased 13.1% year over year to $429.3 million from $379.6 million in the prior-year quarter.
Other operations and maintenance (O&M) expenses rose $22.5 million year over year, primarily due to amortization of previously deferred costs associated with converting generating units at the Jim Bridger and North Valmy plants from coal to natural gas.
IDACORP's net income increased $35.8 million from the prior-year level due to higher net income at Idaho Power.
IDA’s Financial HighlightsAs of Sept. 30, 2026, IDACORP's cash and cash equivalents were $187.8 million compared with $215.7 million as of Dec. 31, 2025.
Long-term debt totaled $3.86 billion at the end of the reported quarter compared with $3.33 billion at 2025-end.
In the first nine months of 2026, net cash provided by operating activities was $378.5 million compared with $464.1 million in the prior-year period.
IDA’s 2026 GuidanceIDACORP raised its 2026 earnings guidance to $6.40-$6.50 per share from the previous range of $6.30-$6.45 per share. The Zacks Consensus Estimate for earnings is pegged at $6.39, which is lower than the company’s guided range.
Management maintained its capital expenditure forecast of $1.3-$1.5 billion for 2026.
IDACORP raised its O&M expense forecast to $535-$545 million from the earlier range of $525-$535 million.
IDACORP narrowed its hydropower generation outlook to 5.5-6 million megawatt-hours from the previous range of 5.5-6.5 million megawatt-hours.
IDA’s Zacks RankIDACORP currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent ReleasesCenterPoint Energy, Inc. (CNP - Free Report) reported third-quarter 2026 adjusted earnings of 53 cents per share, which surpassed the Zacks Consensus Estimate of 50 cents by 6%. The bottom line also increased 6% from the year-ago quarter’s figure of 50 cents.
CNP generated revenues of $2.19 billion, which beat the Zacks Consensus Estimate by 1.9%. The top line also came in 10.2% higher than the year-ago quarter’s reported figure of $1.99 billion.
PG&E Corporation (PCG - Free Report) reported third-quarter 2026 adjusted earnings per share (EPS) of 41 cents, which missed the Zacks Consensus Estimate of 42 cents by 2.4%. The bottom line also declined 18% from the year-ago quarter’s figure of 50 cents.
PCG reported third-quarter total revenues of $6.19 billion, down 1% from $6.25 billion registered in the year-ago period. The top line also missed the Zacks Consensus Estimate of $6.59 billion by 6%.
CMS Energy Corporation (CMS - Free Report) reported third-quarter 2026 adjusted earnings of $1.44 per share, which surpassed the Zacks Consensus Estimate of $1.34 by 7.5%. The bottom line increased 54.8% from 93 cents in the year-ago quarter.
Operating revenues totaled $2.183 billion, which beat the Zacks Consensus Estimate of $2.178 billion by 0.2%. The top line also increased 8% from $2.02 billion in the prior-year quarter.
ATI Inc. (ATI) Q3 2026 Earnings Call October 29, 2026 8:30 AM EDT
Company Participants
Rob Rengel
Kimberly Fields - President, CEO & Chair
James Foster - Senior VP of Finance & CFO
Conference Call Participants
Richard Safran - Seaport Research Partners
Seth Seifman - JPMorgan Chase & Co, Research Division
Gautam Khanna - TD Cowen, Research Division
Myles Walton - Wolfe Research, LLC
David Strauss - Wells Fargo Securities, LLC, Research Division
Peter Skibitski - Alembic Global Advisors
Scott Deuschle - Deutsche Bank AG, Research Division
Samuel McKinney - KeyBanc Capital Markets Inc., Research Division
Andre Madrid - BTIG, LLC, Research Division
Presentation
Operator
Hello, everyone. Thank you for joining us, and welcome to ATI's Third Quarter 2026 Results Conference Call. [Operator Instructions] I will now hand the conference over to Rob Rengel, Vice President of Investor Relations. Please go ahead.
Rob Rengel
Good morning, and welcome to ATI's Third Quarter 2026 Earnings Call. Today's discussion is being webcast at atimaterials.com. Joining me are Kim Fields, Board Chair, President and CEO; and Rob Foster, Senior Vice President and CFO.
Before beginning our prepared remarks, I would like to draw your attention to the supplemental presentation that accompanies this call. Those slides provide additional color and details on our results, capabilities and outlook. They can also be found on our website. As a reminder, all forward-looking statements are subject to various assumptions and caveats. These are noted in the earnings release and presentation. After our prepared remarks, we'll open the line for questions. Now I'll turn the call over to Kim.
Kimberly Fields
President, CEO & Chair
Thank you, Rob. Good morning, everyone, and thank you for joining us. ATI delivered another strong quarter, exceeding the high end of our adjusted EBITDA guidance by $13 million. Today, we are raising our adjusted EBITDA guidance by $35 million for the year, which includes an improved fourth quarter outlook. This is
Key Takeaways Toast's Q3 revenues are projected to rise 20.3% to $1.96 billion, with EPS expected to grow 48% to 37 cents.Growing locations, higher payment volumes and software adoption likely supported Toast's Q3 revenue growth.Toast's enterprise deals and digital ordering may spur growth, but rising AI and sales costs may ail. Toast, Inc. (TOST - Free Report) is set to report its third-quarter 2026 results on Nov. 3, after market close. The company’s quarterly results are likely to reflect year-over-year growth in both revenues and earnings.
In the last reported quarter, Toast reported earnings of 34 cents per share, beating the Zacks Consensus Estimate of 32 cents. Revenues rose 23.1% year over year to $1.91 billion and outpaced the consensus mark by $35.08 million, a 1.9% surprise. Growth was led by subscription and financial technology solutions, supported by a larger location base and continued product adoption.
Over the preceding four quarters, TOST’s earnings per share surpassed the Zacks Consensus Estimate on three occasions and missed in the remaining period, the average beat being 2.46%. The graph below depicts this surprising history:
Let’s see how things have shaped up for TOST before the announcement.
Key Factors to Watch Ahead of TOST’s Q3 ResultsToast is expected to have benefited from a growing customer base during the third quarter of 2026. Following 9,500 net location additions in the second quarter, continued onboarding is likely to have supported subscription revenues and payment activity.
Gross payment volume (GPV) may have increased, supported by new locations and transaction growth. Higher adoption of software and financial technology solutions is likely to have boosted recurring gross profit, although uneven restaurant spending could have tempered growth.
Enterprise adoption was another potential driver. BWH Hotels endorsed Toast as a POS provider in August, while Kung Fu Tea agreed to implement its technology across more than 330 locations. However, gradual installations may have limited quarterly contributions.
Toast's Google Maps ordering integration may have supported digital transactions. Meanwhile, Toast Fuel expanded its convenience-store capabilities in late September, although its contribution to quarterly results was likely minimal.
Higher spending on sales, AI development and new markets is likely to have weighed on margins, partly offsetting operating leverage. Management projected third-quarter non-GAAP subscription services and financial technology solutions gross profit of $615-$625 million, representing 22%-24% annual growth, and adjusted EBITDA of $210-$220 million.
Q3 Projections for TOSTThe Zacks Consensus Estimate for Toast’s subscription services revenues is pegged at $305.6 million, which suggests a 25.2% increase from the year-ago quarter.
The consensus mark for revenues from financial technology solutions is pegged at $1.61 billion for the third quarter, up 19.9% from the year-ago period.
The consensus mark for GPV is pegged at $61.94 billion, which is above the company’s reported figure of $51.50 billion in the year-ago quarter. The consensus mark for the total ARR is pegged at $2.50 billion, up from the year-ago figure of $2.02 billion.
The consensus mark for total locations served stands at 187,891, up from 156,000 reported a year ago.
However, the Zacks Consensus Estimate for hardware and professional services is pegged at $44.51 billion, indicating just a slight increase from $44 million reported a year ago.
The Zacks Consensus Estimate for third-quarter revenues is pegged at $1.96 billion, calling for a jump of 20.3% from the year-ago quarter’s reported figure.
The consensus mark for earnings per share (EPS) stands at 37 cents and has remained unchanged over the past two months. It indicates a rise of 48% from the figure reported in the year-ago quarter.
Here’s What Our Quantitative Model Predicts for TOSTHowever, our proprietary model does not conclusively predict an earnings beat for Toast this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.
Toast currently has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to ConsiderHere are some companies — Block, Inc. (XYZ - Free Report) and StoneCo Ltd. (STNE - Free Report) — worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Block currently has an Earnings ESP of +1.67% and a Zacks Rank #3. Block is set to report third-quarter 2026 results on Nov. 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
StoneCo currently has an Earnings ESP of +2.74% and a Zacks Rank #3. STNE is slated to report third-quarter 2026 results on Nov. 12.
Key Takeaways BKR's Q3 adjusted EPS rose 2% to 70 cents, beating estimates by 11.1%, while revenues rose 14% to $8.03B.BKR's IET orders increased 42% to $5.89 billion, with record performance obligations reaching $39.4 billion.BKR expects 2026 IET orders to be between $21.5B and $23.5B & targets more than $50B in orders through 2028.
Baker Hughes Company (BKR - Free Report) reported adjusted earnings per share (EPS) of 70 cents in the third quarter of 2026, beating the Zacks Consensus Estimate of 63 cents by 11.1%. The bottom line rose 2% to 68 cents per share from the year-ago figure.
Quarterly revenues of $8.03 billion surpassed the consensus estimate of $7.76 billion by 3.4% and increased 14% year over year.
Strong quarterly results were driven by robust order momentum in Industrial and Energy Technology (IET), a recovery in international oilfield activity and incremental contributions from the Chart acquisition.
Total orders reached $10.76 billion, up 31% from $8.21 billion a year earlier.
BKR's Revenues Benefit From Chart AcquisitionReported revenues totaled $8.03 billion. Acquisitions and divestitures contributed a net 9% to year-over-year revenue growth, with the Chart acquisition being the primary contributor.
The company completed the Chart acquisition on July 16, 2026, expanding its capabilities in cryogenic technologies, thermal management and industrial gases. Chart contributed $888 million in revenues during the quarter, comprising $623 million from original equipment and $265 million from aftermarket operations.
Baker Hughes' IET Segment Sees Strong Order MomentumIET revenues increased 3% year over year to $3.48 billion. Growth in Gas Technology Services and Climate Technology Solutions was partly offset by lower Gas Technology Equipment revenues, Industrial Solutions revenues and the impact of portfolio divestitures.
Segment EBITDA increased 8% year over year to $685 million.
IET orders rose 42% year over year to $5.89 billion, driven by demand across power generation, gas infrastructure and offshore production. The segment's remaining performance obligations reached a record $39.4 billion, increasing 23% year over year. Major awards included 1.1 gigawatts of power generation capacity for a U.S. technology company.
BKR's Oilfield Business Shows Sequential ImprovementOilfield Services & Equipment (OFSE) revenues totaled $3.66 billion, up 1% year over year. The increase was primarily driven by higher activity in Europe/CIS/Sub-Saharan Africa and Latin America, partially offset by lower revenues in the Middle East/Asia region, reflecting the impact of the Surface Pressure Control disposition.
Segment EBITDA declined 2% year over year to $659 million.
OFSE orders totaled $4.05 billion, declining 1% from $4.07 billion recorded in the year-ago quarter.
Baker Hughes' ProfitabilityAdjusted EBITDA increased 14% year over year to $1.42 billion.
GAAP net income attributable to Baker Hughes declined 33% year over year to $411 million. GAAP earnings were 41 cents per share compared with 61 cents in the prior-year quarter. Transaction-related costs and higher interest expenses weighed on reported profitability.
BKR's Balance Sheet Reflects Higher Acquisition DebtAs of Sept. 30, 2026, BKR had cash and cash equivalents of $4.07 billion and long-term debt of $17.48 billion. The company's leverage ratio reached 2.5 times at quarter-end, primarily reflecting debt incurred to finance the Chart acquisition.
Management prioritized debt reduction over share repurchases. Baker Hughes expects to begin repaying debt in the fourth quarter, supported by free cash flow and proceeds from the planned Waygate Technologies divestiture. The company targets net leverage below 1.5 times by the second half of 2028.
Baker Hughes' Cash Flow TrendsOperating cash flow increased 8% to $1.01 billion from the year-ago figure of $929 million. Free cash flow rose 10% to $769 million, despite approximately $200 million in Chart-related integration, restructuring and closing costs.
BKR Raises IET Orders Outlook for 2026For the fourth quarter of 2026, management expects revenues between $7.80 billion and $8.70 billion, with adjusted EBITDA to be in the range of $1.33-$1.60 billion.
Full-year revenues are projected between $29.16 billion and $30.06 billion. Adjusted EBITDA is expected to be in the range of $5.13-$5.40 billion, exceeding prior expectations.
The company raised its full-year IET orders outlook to $21.5-$23.5 billion, reflecting sustained demand across LNG, data centers and gas infrastructure. It increased its cumulative IET orders target for 2026-2028 to more than $50 billion.
BKR’s Zacks Rank & Other Key PicksBaker Hughes currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks from the energy sector are Range Resources Corporation (RRC - Free Report) , Equinor ASA (EQNR - Free Report) and Eni S.p.A. (E - Free Report) . EQNR and E sport a Zacks Rank #1 (Strong Buy) each, while RRC carries a Zacks Rank #2, at present. You can see the complete list of today’s Zacks Rank #1 stocks here.
Range Resources reported third-quarter 2026 adjusted earnings of 81 cents per share, surpassing the Zacks Consensus Estimate of 70 cents per share.
As of Sept. 30, 2026, RRC had total debt of $980.92 million and cash and cash equivalents of $12,000.
Equinor reported third-quarter 2026 adjusted earnings of $1.20 per share, missing the Zacks Consensus Estimate of $1.38 per share.
As of Sept. 30, 2026, EQNR had cash and cash equivalents of $6.30 billion.
Eni reported third-quarter 2026 adjusted earnings of $2.13 per share, surpassing the Zacks Consensus Estimate of $1.92 per share.
As of Sept. 30, 2026, E had total debt of $34.39 billion and cash and cash equivalents of $11.77 billion.
Big Buybacks: 3 Large Caps Exceed 5% Repurchase PowerCognizant Technology Solutions NASDAQ: CTSH reported third-quarter 2026 revenue of $5.7 billion, up 4.8% from a year earlier in constant currency, as growth in financial services and contributions from recent acquisitions helped offset pressure in healthcare and consumer-facing industries.
Chief Executive Officer Ravi Kumar said revenue was in line with the company’s expectations and adjusted operating margin reached 16.3%, which he described as Cognizant’s highest level in four years. The margin result marked the company’s seventh consecutive quarter of year-over-year expansion, excluding costs tied to its Project Leap restructuring program.
Get CTSH alerts:
AI revolution: 3 stocks set to soar as technology evolvesAdjusted earnings per share rose 7% year over year to $1.49. Third-quarter free cash flow totaled $925 million, bringing year-to-date free cash flow to $1.6 billion. Cognizant repurchased 4.9 million shares during the quarter for more than $250 million, at an average price of about $53 per share.
Financial Services Leads Growth
Financial services revenue grew 12% year over year in constant currency, marking the segment’s third consecutive quarter of double-digit growth. Kumar said clients in the sector are increasingly using artificial intelligence to support modernization and new innovation initiatives.
Communications, media and technology also posted double-digit growth, aided by the Astreya acquisition and spending by technology clients. North America led the company’s geographic growth, while the U.K. benefited from public-sector demand.
However, Cognizant said uncertainty related to regulation and funding continued to limit discretionary spending in healthcare. The products and resources segment also remained under pressure as retail, consumer goods, travel and hospitality clients navigated geopolitical uncertainty, supply-chain disruption and elevated oil prices.
Chief Financial Officer Jatin Dalal said businesses benefiting from AI-related demand—including business process outsourcing, infrastructure, cybersecurity and industry solutions—represented about 40% of Cognizant’s portfolio year to date and were growing at roughly two to three times the rate of the company’s total organic services revenue.
Bookings and AI Strategy
Trailing 12-month bookings increased 4%, producing a book-to-bill ratio of 1.3x. The company signed three large deals valued at more than $100 million each, while the combined trailing 12-month value of large deals rose 9% year over year.
New and expansion business accounted for 60% of bookings, up more than 10 percentage points from a year earlier. Kumar said the growing share of new business should translate into revenue more quickly than renewals.
Cognizant continued to emphasize its “AI Builder” strategy, which is focused on helping clients deploy AI at enterprise scale. Kumar said more than 50% of the company’s software development was AI-assisted at the end of the third quarter, and Cognizant had more than 8,500 AI engagements.
The company said more than 45,000 associates have earned over 95,000 certifications across frontier AI platforms, with another 65,000 certifications in progress. Cognizant also expanded its Google Cloud relationship through a Gemini Frontier Capability Group involving more than 18,000 dedicated associates.
Cognizant identified four strategic growth priorities: modernization, agentifying core business operations, secure AI, and data center and workplace services. Kumar said the company sees these areas as representing a multibillion-dollar opportunity over the coming years.
During the quarter, the company introduced AI-enabled claims workflow processing for its TriZetto healthcare platform and cited work across finance, logistics, insurance and utilities. Cognizant also announced plans to acquire Australia-based DyFlex Solutions, an SAP Platinum Partner, with the transaction expected to close in the first quarter of 2027.
Guidance Reduced on Discretionary Spending Pressure
Cognizant lowered its full-year constant-currency revenue growth outlook to 4% to 4.4%, from a previous range of 4% to 5.5%. The company said the revision reflects greater-than-expected macroeconomic pressure on discretionary spending in healthcare and consumer-facing sectors, a lower expected contribution from third-party product resale activity, and a greater impact from fourth-quarter furloughs.
For the fourth quarter, Cognizant expects constant-currency revenue growth of 3.2% to 4.7%, including roughly 200 basis points from recently completed acquisitions. Full-year guidance continues to include approximately 150 basis points of inorganic growth.
The company narrowed its adjusted operating margin outlook to approximately 16.1%, representing 30 basis points of expansion from the prior year. It also narrowed adjusted EPS guidance to $5.72 to $5.79, implying growth of 8% to 10%.
Project Leap Costs Lowered
Cognizant revised the expected total cost of Project Leap, its restructuring and workforce transformation initiative, to $180 million to $250 million, down from $230 million to $320 million. Dalal said the reduced estimate reflects lower expected severance and personnel costs as the company has been able to reskill and redeploy more employees than originally anticipated.
The company expects about $200 million in 2026 savings from the program, with the initiative now expected to run through the first quarter of 2027. Cognizant incurred approximately $51 million in Project Leap costs during the third quarter.
Dalal also said Cognizant does not expect the U.S. Department of Labor’s suspension of new permanent labor certification applications for certain companies to materially affect its talent strategy or operations. The company had approximately 32,000 U.S. employees at the time of the call.
Regarding a potential primary offering and secondary listing in India, Dalal said Cognizant is awaiting proposed regulatory updates and expects to make a decision after reviewing the final framework.
About Cognizant Technology Solutions (NASDAQ:CTSH)Cognizant Technology Solutions Corporation is a global information technology services and consulting company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company serves businesses across industries including financial services, healthcare, life sciences, manufacturing, retail and communications.
Cognizant's services include consulting, application development and modernization, cloud computing, data and artificial intelligence, digital engineering, cybersecurity and business process services.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in Cognizant Technology Solutions Right Now?Before you consider Cognizant Technology Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cognizant Technology Solutions wasn't on the list.
While Cognizant Technology Solutions currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Cognizant (CTSH -5.98%) grew third-quarter revenue 4.6% to about $5.7 billion, but acquisitions and resold third-party products supplied roughly 4 points of that growth. Shares fell about 6% in midday regular trading. Strip out those two sources and the core consulting and outsourcing business barely grew, while bookings fell and per-share gains came from buybacks rather than higher profit.
Key Numbers
Revenue: about $5.7 billion, up 4.6% year over yearThird-quarter bookings: down 7% year over yearOperating margin: 15.4% GAAP, down 0.6 points; 16.3% adjusted, up 0.3 pointsDiluted EPS: $1.39 GAAP versus $0.56; $1.49 adjusted versus $1.39What It Means
Acquired revenue isn't new demand, and resold hardware and software carries thin margins and doesn't recur the way service contracts do. Underneath, the weakness is broad: Health Sciences and Products and Resources, which together make up more than half of revenue, both shrank. Financial Services, up 12%, is the one segment pulling real weight.
Bookings are the pipeline for next year's revenue, so the quarterly drop matters more than the trailing 12-month total, which still grew. Management's fourth-quarter outlook of 3.2% to 4.7% constant-currency growth points to further slowing, and that range likely still leans on acquired revenue.
The earnings growth is financial, not operational. Adjusted net income slipped slightly, so the adjusted EPS gain came entirely from a share count about 8% smaller. Cognizant is funding buybacks and acquisitions partly with new borrowing, even as free cash flow fell. GAAP EPS more than doubled only because last year's quarter carried a one-time tax charge; pre-tax income actually dipped.
What to Watch Next
Watch whether fourth-quarter bookings rebound and whether growth excluding acquisitions and resale picks up. Also check whether free cash flow recovers as rising receivables turn into cash.
David Kretzmann has no position in any of the stocks mentioned. The Motley Fool recommends Cognizant Technology Solutions. The Motley Fool has a disclosure policy.
NEW YORK, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Moore Law, PLLC, a shareholder litigation law firm located on Wall Street, is investigating potential claims against the officers and directors of CoreWeave, Inc. (CRWV):
BellRing Brands, Inc. (NYSE: BRBR) shareholders should email [email protected] What is the Investigation About?
BellRing develops, markets, and sells “convenient nutrition” products such as ready-to-drink (“RTD”) protein shakes primarily under the brand name Premier Protein. The company, or certain of its officers, has allegedly represented that sales growth reflected increased end-consumer demand, attributing results to "organic growth," "distribution gains," "incremental promotional activity," and "[s]trong macro tailwinds around protein" among other factors. It is alleged that at the same time, the company, or certain of its officers, downplayed the impact of competition on demand, insisting BellRing was not experiencing any significant changes in competition, and that in the RTD category particularly, BellRing possessed a "competitive moat," given that "the ready-to-drink category is just highly complex" and the products are "hard to formulate." As alleged, in truth, BellRing's reported sales were driven by its key customers stockpiling inventory and did not reflect increased end-consumer demand or brand momentum. Following the destocking, BellRing admitted that competitive pressures were materially weakening demand.
On this news, the price of BellRing's shares fell $17.46 per share, or nearly 33%, from $53.64 per share on August 4, 2025, to $36.18 per share on August 5, 2025.
If you own BellRing Brands, Inc. (NYSE: BRBR) please contact Fletcher Moore at [email protected].
You may be able to seek monetary damages, corporate governance reforms, reimbursement to the company, and a court approved incentive award at no cost to you whatsoever. All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
MOORE LAW PLLC
30 Wall Street, 8th Floor
New York, NY 10005 [email protected]
www.fmoorelaw.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2ba19a53-2eaa-4ccd-8860-b90650fcc56f
TEAM Anywhere & SAN FRANCISCO--(BUSINESS WIRE)--Atlassian Corporation (NASDAQ: TEAM), a leading provider of AI-powered collaboration and team productivity software, introduced the Context Quality Score™, a single metric that quantifies context quality, alongside recommended actions to improve it.AI outputs are only as good as the context behind it. A coding agent, for example, may write working code but still miss a team's design decisions or security rules if it does not have that information.
APi Group Corporation (APG) Q3 2026 Earnings Call October 29, 2026 8:30 AM EDT
Company Participants
Adam Walters - Senior Director of Investor Relations
Russell Becker - CEO, President & Director
Glenn Jackola - Executive VP & CFO
Conference Call Participants
Jonathan Tanwanteng - CJS Securities, Inc.
Jason Haas - Wells Fargo Securities, LLC, Research Division
Jasper Bibb - Truist Securities, Inc., Research Division
Stephanie Benjamin Moore - Jefferies LLC, Research Division
Tomohiko Sano - JPMorgan Chase & Co, Research Division
Timothy Mulrooney - William Blair & Company L.L.C., Research Division
Curtis Nagle - BofA Securities, Research Division
Kathryn Thompson - Thompson Research Group, LLC
Andrew J. Wittmann - Robert W. Baird & Co. Incorporated, Research Division
Joshua Chan - UBS Investment Bank, Research Division
Ashish Sabadra - RBC Capital Markets, Research Division
Andrew Kaplowitz - Citigroup Inc., Research Division
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to APi Group's Third Quarter 2026 Financial Results Conference Call. [Operator Instructions] Please note, this call is being recorded. [Operator Instructions]
I will now turn the call over to Adam Walters, Senior Director of Investor Relations at APi Group. Adam, please go ahead.
Adam Walters
Senior Director of Investor Relations
Thank you. Good morning, everyone, and thank you for joining our third quarter 2026 earnings conference call. Joining me on the call today is Russ Becker, our President and CEO; and David Jackola, our Executive Vice President and CFO.
Before we begin, I would like to remind you that certain statements in the company's earnings press release and on this call are forward-looking statements, which are based on expectations, intentions and projections regarding the company's future performance, anticipated events or trends and other matters that are not historical facts. These statements are not a guarantee of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially
Crypto trading platform Frontrun.pro has publicly asked to buy Blast, offering $50,000 to start a deal and claiming it has a team and prospective investors ready to support the blockchain.
Summary
Frontrun has approached Blast publicly with a proposal to buy the company behind the blockchain. The $50,000 offer is described as a starting point, without a disclosed final purchase price. Prospective investors are unnamed, and the post makes their participation conditional on a company sale. Blast previously announced a wind-down plan, citing operating costs that exceeded its Layer 2 revenue. Frontrun.pro, in an Oct. 29 X post, asked Blast’s team whether it would consider selling the company, saying it had people ready to work on the network and investors willing to put money into it.
Hey @blast team!
Would you consider selling Blast? We have an entire team ready to make your blockchain 10x better.
We also have several investors ready to put their money into Blast, but you have to sell us the company first.
We’re ready to offer $50,000 to get the deal… pic.twitter.com/08iXpajWaR
— frontrun.pro (@frontrunpro) October 29, 2026 The approach was addressed directly to Blast’s account and included a dedicated acquisition contact address. It did not identify a legal entity making the offer, name the proposed investors or set out a transaction timetable.
Blast proposal opens with $50,000 and conditional investor interest The post presented the prospective investment as dependent on a sale, saying the company would first need to change hands before the investors put money into Blast.
“We’re ready to offer $50,000 to get the deal started,” Frontrun wrote.
Its wording did not specify whether that amount represented an initial payment, a negotiating figure, or the full consideration it would ultimately seek to pay. No ownership percentage, payment structure, or list of assets to be acquired appeared in the message.
Although Frontrun claimed it could make the blockchain ten times better, it supplied no technical plan, performance targets or budget supporting that assertion. The post did not describe changes to validators, infrastructure, applications, or the BLAST token.
Neither an acceptance from Blast nor a signed agreement was included in the announcement. The message asked to begin discussions and provided an email address for contact.
Blast’s announced wind-down included a withdrawal interface deadline Earlier this month, crypto.news reported that Blast had announced its shutdown after its team said maintaining the network cost more than the Layer 2 generated in revenue.
In the Oct. 2 announcement described in that report, Blast said it saw no credible route to economic sustainability and asked users to withdraw assets to Ethereum mainnet. The request covered balances in its progressive web app as well as funds on the network.
The announced plan set Oct. 26 as the deadline for using the normal withdrawal interface. Assets were to remain withdrawable afterward through direct interaction with bridge contracts on Ethereum, with instructions promised before the cutoff.
Before resuming withdrawals with a shorter 24-hour delay, the team planned to withdraw Blast’s Lido assets. It estimated that process would take approximately one week, during which user withdrawals would be temporarily unavailable.
Separately, Blast’s public status page displayed its mainnet, block production, public RPC, and batch submission as operational when checked on Oct. 29. The page listed no incidents for that date.
Blast attracted deposits before launching its mainnet Founded by Blur co-founder Tieshun Roquerre, known as Pacman, Blast initially accepted deposits before its mainnet was available.
By December 2023, its deposits surpassed $720 million, according to historical reporting citing DeFiLlama. Users prefunded accounts through a multisignature contract while earning returns on deposited crypto assets.
At that stage, the project combined a native-yield model with an anticipated token airdrop. Its early deposit arrangement attracted scrutiny over the absence of a live mainnet and the use of a multisignature wallet.
In May 2025, Blast ended its Safe integration, citing third-party risk and usability concerns as it prepared its own multisignature wallet functionality.
Users accessing those wallets through Safe’s interface were directed to BrahmaFi’s hosted interface or given the option of hosting their own. At the time, Blast said it was building multisignature functionality directly into Blast Mobile.
As HYPE’s rally continues to push it above $94, the market net asset value multiple (mNAV) of Hyperliquid Strategies (PURR), the HYPE treasury firm, has returned to above 1. Data from the BIT stock platform shows its current mNAV is approximately 1.078, a 7.8% premium over net asset value. PURR is now trading at around $11.66, with an intraday gain of over 17%. Its net asset value per share is roughly $10.81, corresponding to a HYPE price of about $85.96. Today, Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, plans to partner with Trade.xyz to introduce perpetual contract products into regulated U.S. markets.
Hyperliquid’s HYPE has climbed 17.4% to $93.74 on Oct. 29 as NYSE owner Intercontinental Exchange has announced plans for regulated U.S. perpetual futures markets using the blockchain’s infrastructure.
Summary
HYPE trades at $93.74, approximately 4.3% below CoinGecko’s recorded all-time high of $97.96.
ICE plans to operate regulated perpetual markets with trade[XYZ], subject to regulatory approvals.
Five whales opened HYPE long positions worth $52.7 million, according to Lookonchain’s monitoring.
Michaël van de Poppe targets $110–$120 after identifying a recovery above previous support.
CoinGecko showed the token trading within a 24-hour range of $78.11 to $94.35, with its market capitalization at roughly $22.43 billion. The token’s daily trading volume stood at $1.73 billion.
At $93.74, HYPE was approximately 4.3% below CoinGecko’s recorded all-time high of $97.96. Returning to that peak would require a gain of around 4.5% from the quoted price.
HYPE rally follows ICE’s proposed US market
ICE announced a definitive agreement with trade[XYZ] to develop a dedicated U.S. retail market and clearing structure, subject to regulatory approvals.
Intercontinental Exchange (ICE) and trade[XYZ] have announced their plan to use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US traders across crypto, equities, commodities, foreign exchange, and other real-world assets, subject to regulatory… https://t.co/rgwG9KjgYI
— Hyperliquid (@HyperliquidX) October 29, 2026
As previously reported by crypto.news, the companies’ planned perpetual futures offering would cover crypto, equities, commodities and foreign exchange.
The exchange operator is taking a minority stake in trade[XYZ] and would exclusively operate its regulated markets. ICE said the proposed business would sit separately from its existing institutional futures and clearing franchise.
Hyperliquid described the division of responsibilities in its announcement on X. The blockchain would supply the underlying infrastructure through HIP-3*, trade[XYZ] would design and implement the markets, and ICE would handle the regulated market and clearing structure.
“Existing trade[XYZ] HIP-3 markets will remain unchanged,” the project wrote.
In the same post, Hyperliquid said independent deployers would retain control and responsibility for their deployments. The announcement described an infrastructure arrangement covering multiple asset classes, without identifying a specific HYPE futures contract among the proposed U.S. products.
Earlier coverage of the agreement recorded trade[XYZ]’s claim that its existing Hyperliquid markets had processed more than $650 billion in cumulative volume in just over a year. The company said further details about contracts, customer eligibility and launch timing would follow as regulatory approvals progressed.
Whales open $52.7 million in HYPE longs
Lookonchain reported that five whales opened HYPE long positions totaling 597,912 tokens, valued at $52.7 million, over several hours.
The analytics firm identified the activity as long positions. Its published alert did not provide a matching measure of spot purchases or a complete market-wide breakdown of the buying behind the day’s rally.
Michaël van de Poppe linked his bullish outlook to HYPE’s recovery after a sweep of earlier lows. In his X post, the analyst said the token had reclaimed a previous support level and recovered to $85.
“Matter of time until this pushes towards that $110-120 level,” he wrote.
Measured against the $93.74 CoinGecko quote, his target range would imply gains of approximately 17.3% to 28%. The analyst’s post used an earlier price reference and did not establish a deadline for reaching either level.
Altcoin Sherpa described the ICE-related development as a possible catalyst for another HYPE rally. His accompanying chart illustrated a projected upward path after trading around a highlighted support zone.
“This might have been what’s needed to spark its next run,” he wrote, while describing the token as relatively strong during recent choppy trading.
Payward has proposed a separate regulated route
A separate proposal from Kraken parent Payward would use Hyperliquid for U.S. onchain perpetual futures through its own regulated entities.
Payward’s Sept. 16 announcement assigned Bitnomial responsibility for creating and administering the markets and clearing and settling contracts. NinjaTrader Clearing would carry customer accounts, while Hyperliquid’s public blockchain would match and record trades.
Access would be limited to customers onboarded by NinjaTrader and included on both NinjaTrader’s and Bitnomial’s allowlists, according to the company. Payward said the contracts would be listed under Bitnomial Exchange’s rules, subject to regulatory approval.
The Oct. 26 account of Hyperliquid’s permissioned-market proposal described an initial HIP-3* release on testnet, with specifications still preliminary. Support for the optional configuration was planned through a future network upgrade.
The same reporting described market definitions, contract specifications, oracle prices, and leverage limits as responsibilities assigned to deployers in Hyperliquid’s documentation. Separate deployed perpetual exchanges have their own margining, order books, and settings.
Payward named Bitnomial Exchange as a CFTC-regulated designated contract market, Bitnomial Clearinghouse as a registered derivatives clearing organization, and NinjaTrader Clearing as a registered futures commission merchant. Its announcement placed the regulatory obligations with the participating exchange, clearinghouse, and brokerage entities.
Multicoin’s HYPE investment predates the rally
Institutional interest in the token preceded Thursday’s announcement. An Oct. 19 report identified HYPE as Multicoin Capital’s largest hedge-fund position, citing general partner Spencer Applebaum’s interview with Bloomberg. The fund did not disclose its position size.
Multicoin’s own June 25 investment note said it had initiated a large position early in 2026 and continued accumulating. Authors Spencer Applebaum, Shayon Sengupta and Tushar Jain described HYPE as one of the largest positions in the firm’s liquid fund.
Their investment thesis included HIP-3 markets covering commodities, equity indexes and individual stocks, alongside potential expansion into options and prediction markets.
The June note projected a $319 token price by 2028 using assumptions of roughly $8 billion in annual earnings and a 20-times multiple. Multicoin listed regulation, competition, governance, bad debt, and technical integration among the risks addressed in its research.
Elon Musk has shown interest in a social media post by billionaire investor Stanley Druckenmiller regarding his investment in bringing Hyperliquid-native perpetuals to the United States. This move highlights a potential shift in institutional interest in decentralized derivatives, as Hyperliquid and trade[XYZ] aim to establish a U.S. venue for perpetual futures in crypto and other assets. The initiative, backed by Druckenmiller, is contingent upon receiving approval from the Commodity Futures Trading Commission (CFTC). The announcement has coincided with a notable increase in the value of Hyperliquid’s HYPE token, suggesting positive market sentiment.
Key Takeaways Elon Musk’s interest in Druckenmiller’s investment suggests increased attention on decentralized derivatives in the U.S. Hyperliquid’s HYPE token experienced a 9–13% increase, indicating positive reception among market participants. The development of a U.S. venue for perpetual futures by trade[XYZ] is contingent on CFTC approval. What to Watch Markets will be closely monitoring the CFTC’s decision regarding the approval of trade[XYZ]’s proposal. A positive outcome could further align market sentiment with a YES scenario in the ongoing Bitcoin price prediction markets. Additionally, any further statements from influential figures like Elon Musk or Druckenmiller could serve as a catalyst for market movements.
Term Structure
Contract Odds Δ since publish Volume 24h December 31 0.9% 0.0¢ $816 View market → December 31 1.1% +0.1¢ $5 View market → December 31 1.7% +0.1¢ $9K View market → December 31 2.6% 0.0¢ $3K View market → December 31 4.5% 0.0¢ $2K View market → January 1 2027 15.5% 0.0¢ $19K View market → January 1 2027 4% 0.0¢ $24K View market → January 1 2027 1.2% 0.0¢ $2K View market → January 1 2027 0.9% 0.0¢ — View market → January 1 2027 1.1% +0.3¢ $703 View market → January 1 2027 1.5% +0.1¢ — View market → January 1 2027 2.9% 0.0¢ $1K View market → January 1 2027 8% -0.5¢ $12K View market → January 1 2027 9.5% 0.0¢ $47K View market → January 1 2027 2.1% 0.0¢ $6K View market → January 1 2027 0.4% -0.1¢ $460 View market → January 1 2027 0.7% 0.0¢ $58 View market → January 1 2027 7.5% 0.0¢ $30K View market → January 1 2027 3.1% +0.5¢ $2K View market → January 1 2027 1.6% -0.2¢ $227 View market → January 1 2027 0.9% 0.0¢ $32 View market → January 1 2027 0.6% +0.1¢ $50 View market → January 1 2027 0.4% -0.1¢ — View market → January 1 2027 0.3% 0.0¢ $603 View market → January 1 2027 0.1% 0.0¢ $15K View market → January 1 2027 24% -3.5¢ $10K View market → January 1 2027 33% -0.5¢ $6K View market → January 1 2027 20.5% +1¢ $19K View market → Updated 11min ago
In brief Intercontinental Exchange will be the exclusive operator of Trade[XYZ]'s regulated markets and is taking a strategic stake in the company, subject to regulatory approvals and with no launch date. HYPE rose from a daily open of $80.69 to a high of $92.10 on KuCoin, about 7% below its September record near $98. The Fed held rates at 3.75% to 4% in a 10-2 vote, with two officials wanting a hike, while WTI crude traded near $100 and the 10-year Treasury yield sat at about 5%. HYPE, the token behind the Hyperliquid exchange, jumped about 13% on Thursday to roughly $91 after Intercontinental Exchange, the owner of the New York Stock Exchange, announced a deal to bring Hyperliquid-based perpetual futures to the United States.
The token climbed from a daily open of $80.69 to a high of $92.10 on KuCoin, leaving it about 7% below the record near $98 it set in September. Hyperliquid’s token now trades at around a $22.4 billion market capitalization.
Myriad: Will Hyperliquid flip Solana? Click to make your prediction.ICE and Trade[XYZ], a company that runs markets for real-world assets on Hyperliquid, signed a definitive agreement that makes ICE the exclusive operator of Trade[XYZ]'s regulated markets, and ICE is taking a strategic stake in the company.
ICE will build a dedicated retail market and clearing structure for the product, which still needs regulatory approvals and has no launch date.
Perpetual futures are derivatives with no expiry date that let traders take leveraged positions, meaning bets amplified with borrowed money. Trade[XYZ] already offers eligible users outside the U.S. around-the-clock perpetuals on stocks, equity indices, commodities and currencies, while Hyperliquid provides the underlying infrastructure.
Stan Druckenmiller, the macro investor who ran the Duquesne Capital hedge fund for about 30 years and said it never had a losing year, publicly backed the deal as an investor in Trade[XYZ]. “I am excited to be an investor in trade(xyz) as they partner with ICE to bring 24/7 perpetual futures on Hyperliquid to the United States,” Druckenmiller wrote on X. “As a market participant, I am looking forward to using their innovative product to enhance my investment process.
The U.S. markets are meant to comply with know-your-customer and anti-money-laundering rules, which require identity checks, and ICE will seek approvals to support leveraged trading.
Verified customers would connect through futures commission merchants, the brokers that handle customer futures accounts, and ICE plans to distribute the product through its joint venture with OKX, which has its own approvals pending. ICE bought into OKX at a $25 billion valuation in March.
ICE Chair and CEO Jeffrey Sprecher described the perpetuals as “additive to our futures markets, not a replacement for them.” ICE says more than 99% of its participation today is institutional, so retail traders are a new business, and it will run the unit separately from its institutional futures and clearing franchise.
President Donald Trump said in August that the CFTC was working to let Hyperliquid operate legally in the United States, where the exchange is currently geofenced.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Join 72,000+ readers
Create an account to save your articles.
Add on Google
Add Decrypt as your preferred source to see more of our stories on Google.
According to HTX market data, alongside HYPE’s rally, Kinetiq, a liquid staking protocol in the Hyperliquid ecosystem, its token KNTQ has broken above $0.5, rising over 15% in the past six hours, with its market cap hitting a new high of over $156 million.
Relevant content
Canton plans to launch tokenized US stock trading as early as November 2, and is expected to become the first such case under the SEC's new rules.
Nasdaq-listed Canton Strategic Holdings (CNTN) announced an agreement with TSV, a permissioned tokenized securities trading platform on the Canton Network, to offer its common stock for trading in issuer-initiated tokenized form. The target launch date is as early as November 2, and the company expects this to become the first compliant tokenized onshore U.S. equities case under the U.S. Securities and Exchange Commission (SEC)’s Innovation Exemption Framework. The tokenized shares are issued by Fairmint, an SEC-registered on-chain transfer agent that maintains ownership records, with holders entitled to the same rights as Nasdaq stockholders. The trading will run via the Tradecraft protocol as an automated market maker (AMM), enabling nearly 24/7 trading and atomic settlement. Participants must complete identity verification and sanctions screening. The issuer-initiated model avoids the objection and notification processes typical of third-party tokenization schemes.
3 hours ago
HYPE continues its rally, breaking through $97, and is just $1 away from hitting a new all-time high.
According to HTX market data, HYPE has continued its rally, breaking through the $97 mark, surging over 20% in 7 hours, and is only $1 away from hitting a new all-time high. Earlier news, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, plans to partner with Trade.xyz to introduce perpetual contract products into the U.S. regulated market.
3 hours ago
Strategy Perpetual Preferred Stock (STRC) rises to $99.95.
Strategy’s third-quarter financial results are upcoming, and its perpetual preferred stock STRC has climbed to $99.95, its highest level in 165 days. STRC is designed to trade around $100 via a floating dividend mechanism. When STRC nears par value, the company can raise capital through at-the-market (ATM) share issuances to purchase bitcoin — a route the market commonly dubs the "bitcoin money printer". Previously, after STRC fell below par value, such ATM offerings were temporarily halted.
3 hours ago
Axis Robotics Responds to AXIS Token Sell-Off: Suspects Over-the-Counter (OTC) Counterparties Defaulted on Sell Orders, Team and Investor Tokens Remain Untouched
Axis Robotics has issued a statement addressing the massive on-chain sell-off of AXIS tokens that took place between October 28 and 29. The project clarified that a total of 835 million AXIS tokens—accounting for 83.5% of the total supply, held by its core team, investors, and other locked allocations—remain stored in a vesting contract co-managed with Binance, which is verifiable on-chain. No tokens from these locked pools will be unlocked before the 12-month cliff period, and the recent sell-off was not driven by the team or investors exiting positions.
The project added that the sold tokens originated from the initial circulating supply outlined in its publicly released token economics, part of the ecosystem allocation. Given that some ecosystem recipients are not crypto-native users, the allocation was delivered via a single over-the-counter (OTC) counterparty under a written agreement with lock-up clauses. The sales were processed through exchange deposit routes and executed across hundreds of new addresses within hours of delivery. The project suspects the counterparty likely offloaded the tokens on the open market.
Earlier, on-chain detective ZachXBT disclosed that insider addresses linked to Axis Robotics (AXIS) dumped tokens, triggering a roughly 40% plunge in the token’s price.
3 hours ago
The Canadian government and Nvidia have participated in Cohere's financing round, with the latter's valuation exceeding $20 billion.
Canadian AI model startup Cohere is undertaking a large-scale financing round, with a valuation of $20.5 billion — roughly triple its value a year ago. Cohere announced Thursday that it has completed the first tranche of this financing round, with a total expected size of up to $50 billion. It has secured investment commitments from backers including the Canadian government and NVIDIA, and the $6 billion investment from European retail giant Schwarz Group, previously disclosed, is also included. The Canadian government has agreed to invest up to $1.14 billion in Cohere. Canadian Prime Minister Mark Carney stated that Cohere plans to retain its headquarters in Canada and expects to build new computing infrastructure in the country by 2030, with an investment of around $1.2 billion. If the financing round is successfully completed, it will become the largest private financing in Canadian history, far exceeding previous records.
3 hours ago
Alphabet’s quarterly report filings disclose its AI exposure exceeds $1 trillion, with over one-third of the growth in its unfulfilled cloud contracts coming from joint ventures.
According to Bloomberg, Google parent company Alphabet's quarterly filing submitted on Thursday revealed artificial intelligence-related risk exposures not covered in the prior day's earnings call, and showed its AI risk exposure surpassed $1 trillion. Alphabet cited rapid growth in cloud service demand, with the expansion of its unfulfilled cloud contracts as evidence. Bloomberg noted that over a third of the growth in the quarter's unfulfilled cloud contracts came from a joint venture in which Alphabet holds a partial stake.
The BHYP fund, which holds and stakes HYPE tokens, drew heavy early volume on NYSE Arca
The Bitwise Hyperliquid ETF traded more than $40 million in its first three hours of trading.
What BHYP actually holds The fund trades on NYSE Arca under the ticker BHYP. It carries CUSIP 09175T106, for anyone who likes their identifiers precise.
BHYP holds HYPE directly. HYPE is the native token of Hyperliquid, a blockchain built for trading derivatives.
The fund stakes approximately 70% of its holdings, with that share subject to monthly liquidity reviews.
Staking means locking up tokens to help secure a network in exchange for rewards. It works a bit like earning interest on a deposit, except the bank is a blockchain and the interest is paid in more tokens.
The roughly 30% left unstaked serves a practical purpose. ETFs need to handle redemptions, and staked tokens can’t always be pulled out instantly.
In-house staking and a 0% net fee Bitwise handles staking through its own unit, Bitwise Onchain Solutions. According to the research findings, that makes BHYP the first US-based spot ETF to include in-house staking through that arm.
The fund lists a sponsor fee of 0.34%, but a net expense ratio of 0% after waivers.
Why Hyperliquid, and why now Hyperliquid is not a sleepy corner of crypto. The network recorded around $2.9 trillion in onchain derivatives trading volume in 2025.
Hyperliquid also holds a significant share of open interest in onchain derivatives.
The research findings characterize investor interest as strong relative to peer altcoin ETF launches. The first-session volume figure fits that picture.
What this means for investors and issuers The $40 million figure measures trading volume, not net new money. Volume counts every share that changed hands, including market makers seeding liquidity and traders flipping positions within the same session.
The staking structure adds another layer for investors to weigh. The 70% staked figure, and the monthly reviews governing it, will be worth watching. If redemptions surge, Bitwise’s liquidity buffer becomes the fund’s most important feature.
The fee waiver deserves attention too. A 0% net expense ratio is a strong hook, but waivers can expire, and the 0.34% sponsor fee sits underneath.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Elon Musk called the Hyperliquid and TradeXYZ partnership "interesting" Thursday, reposting Stan Druckenmiller’s comments and sending HYPE up as much as 17%.
Why Musk’s Repost Added Fresh Fuel to the RallyMusk posted a single word, "interesting," on X while reposting Druckenmiller’s endorsement of TradeXYZ’s new deal with Intercontinental Exchange to bring regulated perpetual futures on Hyperliquid to US traders.
As Benzinga reported Thursday, Druckenmiller said he’s an investor in TradeXYZ and looks forward to using the product to enhance his own investment process, a comment that initially pushed Hyperliquid Strategies (NASDAQ:PURR) up 10% to 11%.
Following Musk’s repost, HYPE extended those gains further, climbing to roughly 16% to 17% on the day.
Intercontinental Exchange (NYSE:ICE) confirmed the partnership Thursday, announcing it will operate US regulated versions of TradeXYZ’s existing Hyperliquid markets.
The new venue runs separately from ICE’s institutional futures business and targets retail participation specifically, offering 24/7 trading across crypto, equities, commodities and forex once regulatory approvals clear.
Why Trump’s Earlier Support Set the StageAs Benzinga reported earlier, President Donald Trump first put Hyperliquid in the spotlight at an Aug. 20 White House crypto meeting, saying his administration was "working hard" to bring the decentralized exchange to the US market "in a fully compliant and legal fashion."
That comment alone sent Hyperliquid Strategies shares up 33% that day, and the stock gained 94% for the month of August overall, according to Benzinga Pro data.
Trump reiterated his support for a compliant US regulatory structure in the weeks that followed, and the stock surged again after each round of comments.
Former Binance CEO Changpeng Zhao said at the time that the move could set a precedent for how other decentralized platforms pursue U.S. market access, framing it as a broader regulatory signal beyond just Hyperliquid itself.
Hyperion DeFi (NASDAQ:HYPD) CEO Hyunsu Jung told Benzinga in September that Trump’s endorsement was "extremely positive," specifically citing the CFTC’s willingness to clear a regulatory path for Hyperliquid in the US.
What This Means for HYPE’s Momentum NowThursday’s ICE and TradeXYZ announcement builds directly on that regulatory groundwork Trump’s administration helped establish earlier this year.
With Druckenmiller’s investor backing and now Musk’s public nod, Hyperliquid continues drawing attention from high-profile market figures as it pushes toward full US regulatory approval for its perpetual futures products.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
Hyperliquid’s native token HYPE surged about 20% Thursday after New York Stock Exchange owner Intercontinental Exchange (ICE) announced plans for US perpetual futures with Trade[XYZ], whose investors include billionaire Wall Street investor Stanley Druckenmiller.
HYPE traded above $96 at the time of writing, up by around 20% in the past 24 hours, according to CoinGecko, flirting with September’s all-time record of $97.96.
Perpetual futures allow traders to take positions on asset prices without an expiration date. Hyperliquid is the largest decentralized exchange in the world to trade such instruments, DefiLlama data shows.
HYPE surged about 20% on Thursday. Source: CoinGeckoThe companies said Thursday they would seek regulatory approval for markets covering cryptocurrencies, stocks, indexes, commodities and currencies. The proposed market would target retail traders. ICE said it would operate separately from its institutional futures business, with a dedicated clearing structure.
More than 99% of participation in its markets is institutional, ICE said, with the separate clearing structure intended to shield existing customers from retail counterparty risks.
The proposal would give US retail traders a regulated route to Hyperliquid-based perpetual futures, and ICE a new route into retail trading. President Donald Trump said on Aug. 19 that Commodity Futures Trading Commission (CFTC) Chair Michael Selig was working to bring Hyperliquid into the country in a “fully compliant and legal fashion.”
Druckenmiller investment draws Musk reaction“I am excited to be an investor in trade(xyz),” Druckenmiller wrote on X, adding that he looked forward to using its products.
Elon Musk also drew attention to the agreement, sharing Druckenmiller’s post with the one-word comment “Interesting.”
ICE is taking a minority stake in Trade[XYZ], but disclosed neither the investment amount nor a launch date. Cointelegraph reached out to ICE and Trade[XYZ] for comment but had not received a response by publication.
Customers would undergo identity and Anti-Money-Laundering checks and trade through participating futures brokers.
Distribution is expected through ICE’s joint venture with OKX, pending separate approvals. ICE invested in OKX at a $25 billion valuation in March.
OKX venture faces issuer objectionsMeanwhile, ICE’s separate tokenized stock venture with OKX has disclosed objections from 38 companies, up from 26 reported by Cointelegraph on Oct. 27.
Its Oct. 28 notice adds Walmart, Eli Lilly, Carnival, Arcos Dorados and Cigna. However, those objections concern tokenized shares, while the Trade[XYZ] proposal involves perpetual futures and remains subject to separate regulatory approvals.
The regulatory opening remains conditional. The CFTC approved Kalshi’s Bitcoin perpetual contract in May, but said perpetuals referencing other asset classes should receive case-by-case review.
Magazine: HYPE price could suffer as Binance takes its revenue: Alice Liu
Hyperliquid’s native token HYPE surged about 20% Thursday after New York Stock Exchange owner Intercontinental Exchange (ICE) announced plans for US perpetual futures with Trade[XYZ], whose investors include billionaire Wall Street investor Stanley Druckenmiller.
HYPE traded above $96 at the time of writing, up by around 20% in the past 24 hours, according to CoinGecko, flirting with September’s all-time record of $97.96.
Perpetual futures allow traders to take positions on asset prices without an expiration date. Hyperliquid is the largest decentralized exchange in the world to trade such instruments, DefiLlama data shows.
HYPE surged about 20% on Thursday. Source: CoinGeckoThe companies said Thursday they would seek regulatory approval for markets covering cryptocurrencies, stocks, indexes, commodities and currencies. The proposed market would target retail traders. ICE said it would operate separately from its institutional futures business, with a dedicated clearing structure.
More than 99% of participation in its markets is institutional, ICE said, with the separate clearing structure intended to shield existing customers from retail counterparty risks.
The proposal would give US retail traders a regulated route to Hyperliquid-based perpetual futures, and ICE a new route into retail trading. President Donald Trump said on Aug. 19 that Commodity Futures Trading Commission (CFTC) Chair Michael Selig was working to bring Hyperliquid into the country in a “fully compliant and legal fashion.”
Druckenmiller investment draws Musk reaction“I am excited to be an investor in trade(xyz),” Druckenmiller wrote on X, adding that he looked forward to using its products.
Elon Musk also drew attention to the agreement, sharing Druckenmiller’s post with the one-word comment “Interesting.”
ICE is taking a minority stake in Trade[XYZ], but disclosed neither the investment amount nor a launch date. Cointelegraph reached out to ICE and Trade[XYZ] for comment but had not received a response by publication.
Customers would undergo identity and Anti-Money-Laundering checks and trade through participating futures brokers.
Distribution is expected through ICE’s joint venture with OKX, pending separate approvals. ICE invested in OKX at a $25 billion valuation in March.
OKX venture faces issuer objectionsMeanwhile, ICE’s separate tokenized stock venture with OKX has disclosed objections from 38 companies, up from 26 reported by Cointelegraph on Oct. 27.
Its Oct. 28 notice adds Walmart, Eli Lilly, Carnival, Arcos Dorados and Cigna. However, those objections concern tokenized shares, while the Trade[XYZ] proposal involves perpetual futures and remains subject to separate regulatory approvals.
The regulatory opening remains conditional. The CFTC approved Kalshi’s Bitcoin perpetual contract in May, but said perpetuals referencing other asset classes should receive case-by-case review.
Magazine: HYPE price could suffer as Binance takes its revenue: Alice Liu
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The native token of the DeFi ecosystem Hyperliquid (HYPE) demonstrated a rapid surge, recording a daily gain of 20%. In Thursday trading, the asset's price settled at $95.49, stopping one step away from its all-time high.
The large-scale rally was unexpectedly triggered by Elon Musk, namely his reaction to a tweet by Druckenmiller, which, no less unexpectedly, became the Wall Street legend's first-ever post on the former Twitter, now X, which Musk owns. The platform's owner quoted the post with the laconic word "Interesting."
Why a Wall Street legend needs decentralized financeIn his debut post, Stanley Druckenmiller, who managed billion-dollar funds in the traditional market, announced that he had become an investor in the fintech startup trade[xyz]. The reason for the deal was the project's agreement with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE).
The partners intend to launch regulated round-the-clock (24/7) trading of perpetual futures contracts (perpetuals) in the U.S. Druckenmiller emphasized that, as an active market participant, he plans to personally use this product in his trading processes to optimize investment decisions.
You Might Also Like
The news instantly brought HYPE's daily trading volume to $796 million, lifting Hyperliquid's capitalization above $24.2 billion (9th place in the global ranking). The project fundamentally stands out with its Zero-VC model (without the participation of classic venture funds), where more than 76% of the supply is distributed to the community.
5-minute HYPE/USD price chart showing a vertical rally following Elon Musk's tweet, Source: TradingViewThe synergy of entering the U.S. market through ICE, Druckenmiller's authority and Musk's attention allowed the asset to test peak price values with an FDV of $90.7 billion.
What Elon Musk's artificial intelligence has to do with itThe founder of trade[xyz], under the pseudonym shadow, publicly responded to Musk's comment, proposing that the head of X combine onchain derivatives infrastructure with the algorithms of his AI company xAI. The developer stated that the emergence of strong AI (AGI) in capital markets is inevitable, and live trading will become its main benchmark.
According to shadow, a transparent distributed ledger in the style of Hyperliquid is the optimal mathematically secure environment for a superintelligent search for the fair price.
Yan, a notable figure in the cryptocurrency sector, has expressed confidence in Hyperliquid’s growth, highlighting Wall Street’s increasing involvement as a catalyst for expansion. This statement aligns with recent trends where institutional investors are reportedly increasing their capital allocation to onchain activities, particularly in decentralized finance (DeFi) protocols like Hyperliquid. The Hyperliquid protocol, known for its decentralized perpetual-futures platform, has seen its native token, HYPE, priced between $79 and $96. This price range is set against a backdrop of a reported market capitalization of $20 billion to $26 billion and significant daily volumes.
Key Takeaways Market activity suggests Yan’s statement is consistent with support for a YES outcome in the Hyperliquid prediction market. The 83.5% YES pricing for Hyperliquid reaching $100 by December 31, 2026, indicates strong market confidence in upcoming growth. Wall Street’s entry into the DeFi space is seen as a major indicator of increased capital flow into Hyperliquid. What to Watch Observers will closely monitor institutional moves and any official announcements regarding increased Wall Street participation in DeFi. Developments such as partnerships or strategic investments in Hyperliquid could further influence market sentiment. Additionally, fluctuations in the HYPE token’s price, particularly any movement towards the $100 mark, will be key indicators of market confidence in Yan’s growth expectations.
What Price Will Hyperliquid Hit Before 2027
Contract Odds Δ since publish Volume 24h December 31 82.5% -2¢ $40K View market → January 1 2027 2.4% 0.0¢ $29 View market → January 1 2027 1.3% 0.0¢ — View market → January 1 2027 2.9% 0.0¢ — View market → January 1 2027 1% 0.0¢ — View market → January 1 2027 5.6% 0.0¢ — View market → January 1 2027 3.4% 0.0¢ $30 View market → January 1 2027 2.5% 0.0¢ $310 View market → January 1 2027 6.5% 0.0¢ $2K View market → January 1 2027 8% 0.0¢ $4K View market → January 1 2027 22.5% 0.0¢ $1K View market → January 1 2027 14.5% +1.5¢ $2K View market → January 1 2027 31% -2.5¢ $4K View market → January 1 2027 49.5% 0.0¢ $2K View market → When Will Bitcoin Hit 150k
Contract Odds Δ since publish Volume 24h December 31, 2026 2.4% 0.0¢ $13 View market → Updated 7min ago
Hyperliquid’s native token HYPE surged 20% within a single day, trading at $95.49 during Thursday’s session. This move brought HYPE to within close reach of its all-time high, fueled by a confluence of high-profile comments on X and major developments in the decentralized finance (DeFi) sector.
Wall Street giant Druckenmiller backs DeFi ventureStanley Druckenmiller, a renowned American investor and former hedge fund manager, made his debut on X by announcing his investment in fintech startup trade[xyz]. Druckenmiller has steered billion-dollar funds throughout his career and is widely regarded for his market expertise. He explained that his investment followed an agreement between trade[xyz] and Intercontinental Exchange (ICE), which owns the New York Stock Exchange.
Through this partnership, trade[xyz] and ICE plan to launch regulated, round-the-clock trading of perpetual futures contracts for the US market. Druckenmiller noted his intention to personally use this new product, underscoring the innovation’s appeal for investment strategy optimization.
In Druckenmiller’s view, the collaboration with ICE allows for regulated 24/7 trading of onchain perpetuals in the US, a move he intends to leverage in his own market operations.
Hyperliquid stands out in the DeFi landscape with a Zero-VC approach, meaning it forgoes traditional venture capital funding. More than 76% of HYPE’s total supply is allocated directly to the community, highlighting its decentralized distribution model.
As news of Druckenmiller’s involvement spread, Hyperliquid’s trading volume rapidly climbed to $796 million, pushing the project’s market capitalization beyond $24.2 billion. This milestone placed Hyperliquid ninth globally among digital assets. The entry into the US through ICE, Druckenmiller’s endorsement, and a boost from Elon Musk on X saw the token’s fully diluted valuation rise to $90.7 billion.
MetricBefore SurgeAfter SurgeDaily Trading VolumeN/A$796 millionMarket CapBelow $24.2 billion$24.2 billionGlobal Crypto RankN/A9thFully Diluted Valuation (FDV)Below $90.7 billion$90.7 billionMini dictionary: Intercontinental Exchange (ICE) is a leading American operator of global exchanges and clearing houses, best known as the parent company of the New York Stock Exchange.
Elon Musk, xAI, and DeFi integrationShortly after Druckenmiller’s post, Elon Musk, owner of X and founder of companies such as SpaceX and Tesla, responded to the announcement with a succinct “Interesting,” drawing immediate attention to the development.
In response, shadow, the pseudonymous founder of trade[xyz], invited Musk to explore merging onchain derivatives infrastructure with technology from Musk’s artificial intelligence company, xAI. Shadow suggested that artificial general intelligence (AGI), or highly autonomous AI, will become essential to capital markets and sees live trading as a prime benchmark for AGI evolution.
According to shadow, a transparent and distributed ledger architecture like Hyperliquid’s offers a mathematically secure setting for AGI-driven price discovery in financial markets.
Shadow argued that with the rise of superintelligent systems, onchain platforms such as Hyperliquid provide the optimal environment for fair and transparent price finding.
Mini dictionary: xAI is an artificial intelligence startup founded by Elon Musk, focused on developing advanced AI models with opportunities for integration across multiple technologies and platforms.
TLDR ICE has partnered with TradeXYZ to introduce regulated Hyperliquid perpetual futures in the United States. The HYPE price surged about 15% to $91.21 following the October 29 announcement. ICE will operate the proposed regulated markets, while TradeXYZ will develop the contracts. Hyperliquid’s HIP-3 technology will support perpetual futures linked to cryptocurrencies and traditional assets. ICE is taking a minority stake in TradeXYZ as part of the agreement. Intercontinental Exchange (ICE), parent of the New York Stock Exchange, has partnered with TradeXYZ to propose regulated U.S. perpetual futures on Hyperliquid. The October 29 announcement lifted the HYPE price, but the market still needs regulatory approval.
ICE Sets Out Plans for U.S. Trading ICE would operate the exchange and its clearing system, which settles trades. TradeXYZ would develop contracts, while Hyperliquid would provide HIP-3 technology. Markets could cover cryptocurrencies, stocks, indices, commodities, and foreign currencies.
ICE will take a minority stake in TradeXYZ. The investment amount remains undisclosed. The company plans to keep retail trading separate from its institutional futures business.
The agreement follows Payward’s proposal for regulated Hyperliquid trading on October 26. Payward, Kraken’s parent, plans to use its Bitnomial exchange and clearinghouse for U.S. markets. That project also awaits approval.
How the Proposed Perpetual Markets Work Perpetual futures have no expiry date, unlike standard futures contracts. Traders can keep positions open while meeting margin rules. Leverage can increase both profits and losses. TradeXYZ already offers around-the-clock contracts on traditional assets outside the United States.
U.S. customers would face identity and anti-money-laundering checks. ICE expects access through registered brokers and its OKX joint venture. The joint venture still needs separate U.S. regulatory approvals.
ICE CEO Jeffrey Sprecher said, “We see these perp markets as additive to our futures markets, not a replacement for them.”
Separately, Hyperliquid co-founder Jeff Yan described the network as shared infrastructure, not a direct exchange rival.
HYPE Price Advances After ICE Announcement The HYPE price rose about 15% to $91.21 following the announcement. The token remained below its September record of $97.96. ICE and TradeXYZ have not announced a launch date for the regulated U.S. service.
TradeXYZ reports more than $650 billion in trading volume across its Hyperliquid markets in just over a year. Those figures cover its existing business, not the proposed U.S. operation. Billionaire investor Stanley Druckenmiller also said he had invested in TradeXYZ and wanted to use its products.
In a recent assessment of HYPE’s competition, BitMEX co-founder Arthur Hayes warned that HYPE could trail Ether and Zcash, even with demand for decentralized perpetual futures. The comments preceded Thursday’s announcement. The Commodity Futures Trading Commission issued guidance and limited relief concerning certain perpetual contracts in May.
Stanley Druckenmiller’s recent investment announcement has catalyzed a significant surge in Hyperliquid Strategies shares, which rose by 19% following the news. The prominent investor’s decision to back Trade[XYZ], a partner with Intercontinental Exchange, has brought attention to Hyperliquid’s Layer-1 blockchain technology. This development underscores a growing institutional interest in crypto-linked stocks, especially those involved with innovative financial products like perpetual futures. The investment move appears to have substantially boosted confidence in Hyperliquid, impacting both its stock and native HYPE token.
Key Takeaways
The announcement of Stanley Druckenmiller’s investment in Trade[XYZ] appears to have driven Hyperliquid Strategies shares up by 19%.
Market pricing suggests that this investment has increased confidence in Hyperliquid, with a significant shift in odds for Hyperliquid reaching $100 by year-end.
Hyperliquid’s HYPE token has also seen a price increase, reflecting the broader impact of Druckenmiller’s endorsement on the market.
What to Watch
Watch for any further developments in the partnership between Trade[XYZ] and Intercontinental Exchange, which could further influence Hyperliquid’s market performance. Regulatory decisions regarding the U.S. launch of perpetual futures could also be a critical factor in determining future price movements. Additionally, any follow-up announcements from prominent investors like Druckenmiller could provide further momentum to Hyperliquid’s competitive position.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of TENB either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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.
