Track market-moving stories before they get noisy

Block stands out for aggressive cost-cutting, reducing headcount by 40%, far exceeding peers' workforce reductions. The market's next phase should favor companies like XYZ that leverage AI to drive product innovation and accelerate growth. Confidence in semiconductor-led gains is waning as capex surges appear limited, shifting focus to AI-enabled productivity.

-

The specialty coffee brand is leveraging Square’s commerce platform across four Southern California locations, with two additional openings planned for 2026

DISTRIBUTED-WORKFORCE/OAKLAND, Calif.--(BUSINESS WIRE)--Square today announced that Coffee Dose, a specialty coffee brand and dining destination founded in 2018 by Jeni and Oscar Castro, is further expanding with Square as its unified commerce platform. Coffee Dose operates four locations across Southern California and is opening two additional concepts this year: Coffee Dose Brunch Club in Encinitas in June 2026, and a 3,600-square-foot flagship in Palm Springs in the fall. Square’s infrastructure is utilized across live locations and will support the brand’s new venues as it scales.

Founded in 2018 with no coffee industry experience but an ambitious commitment to clean ingredients and irreverent branding, the Castro’s have built a loyal following around their nontraditional approach. Customers seek out Coffee Dose’s distinct menu of therapeutic lattes, house-made syrups, ingredients including charcoal and collagen, and seed oil free, vegan- and keto-friendly food. Since first onboarding Square in 2021, Coffee Dose has scaled from an 88 square foot pop-up occupying the corner of a hair salon into an eight-figure hospitality company, with each location in its growing portfolio possessing a unique identity.

A Commerce Platform Built for Continued Growth

Coffee Dose operates a range of quick-service restaurant (QSR) concepts: a flagship café, a drive-thru called MicroDose, and a walk-up café inside a pink shipping container called Dose in the Box. Across each location, Coffee Dose relies on Square to seamlessly manage operations and maintain a cohesive overview. With two boundary-pushing concepts coming this year, Coffee Dose is further leveraging Square for its ease of use, reporting and analytics capabilities, and partner integrations.

"I don’t see Square as just our point-of-sale system," said Jeni Castro, Co-Founder and CEO of Coffee Dose. "I see it as a partner that helps me scale my business in the most impactful way. The tools are easy for my team to use, the data and reporting help us make informed decisions across locations, and we can bring Square into each new opening without starting from scratch. That matters a lot when you’re growing as quickly as we are and have a thousand details to keep organized."

Coffee Dose’s Square usage spans a blend of hardware and software, including Square Register, Square Handheld, Kitchen Display System (KDS), online ordering for menu items and merchandise, gift cards, and loyalty. This ecosystem gives Coffee Dose operators the tools to run high-volume counter service, manage order flow across channels, and maintain critical customer engagement programs. The Per Diem integration is another key component of Coffee Dose’s technology stack, enabling mobile order-ahead and loyalty rewards for guests. From their café counter to a drive-thru lane to a walk-up shipping container window, Square’s platform supports all of the brand’s formats under a single account structure, giving Coffee Dose centralized visibility into sales, inventory, and customer data regardless of location model.

Supporting a Multi-Format, Multi-Location Operation

As Coffee Dose brings its Encinitas Brunch Club and Palm Springs flagship to life in 2026, both locations will run on Square from day one. The Palm Springs location, at 3,600 square feet on an acre of desert land, will be the brand’s largest destination to date and will include a drive-thru and walk-up window, in addition to full interior service – a multi-channel format that maximizes the flexibility Square was designed to unlock.

"Coffee Dose has built a popular, multi-location business that requires a technology platform able to keep pace across distinct formats: from a diner, to a café, to a drive-thru venue," said James Schonzeit, Head of Food & Beverage at Square. "They came to Square in 2021 and have grown significantly since. With two more openings this year, Square gives them the operational foundation to expand with confidence while preserving their standout brand identity across new concepts."

To learn more about how Square powers coffee and food and beverage (F&B) businesses, visit squareup.com/restaurants.

About Coffee Dose

Coffee Dose is a specialty coffee and dining destination founded in 2018 by Jeni and Oscar Castro in Costa Mesa, California. The brand operates four locations across Orange County, with two additional concepts, in Encinitas and Palm Springs, CA, opening in 2026. Coffee Dose is known for its house-made syrups, Rx Lattes, and proprietary Anti Bitch Blend roast, and serves a menu of seed oil free, vegan- and keto-friendly food alongside its core beverage program. For more information, visit coffeedose.cafe.

About Square

Square helps businesses turn transactions into connections and businesses into neighborhood favorites.

In 2009, Square started with a simple invention – the first mobile card reader, which changed how the entire financial system thinks about small businesses. Square has since grown into a global business platform helping millions of sellers of all sizes participate and thrive in their communities.

Whether independently run or a global chain, Square understands that sellers succeed when they have the freedom to focus on the experiences that keep customers coming back. From point of sale and payments to online commerce, staff management, cash flow tools, and more, Square brings together the tools sellers need to run and grow on one intelligent platform. For more information, visit squareup.com.

More News From Block, Inc.

Back to Newsroom

Block may suffer a prolonged macroeconomic normalization cadence, with it depressing its intermediate-term stock price/valuation prospects, despite the promising reversal to growth. Otherwise, given the robust FQ1'26 performance metrics, it is unsurprising that the management has raised their FY2026 guidance while narrowing the gap to the prior 2028 growth targets. XYZ's strong cross-selling/engagement from Neighborhoods/new AI tools has driven the accelerating GPV/higher actives growth profile and the richer Financial Solutions margins.

April 27, 2026 18:40 ET  | Source: Perseus Mining Limited

Perth, April 28, 2026 (GLOBE NEWSWIRE) -- First Stoping Operations at CMA Underground in Côte d’Ivoire

Overview

Perth, Western Australia/April 28, 2026/Perseus Mining Limited (ASX/TSX: PRU) is pleased to announce it has successfully completed the first underground production blast at its CMA Underground project. The blast was fired from Blika 1120 Ore Drive South at the Yaouré Gold Mine in Côte d’Ivoire, with excavation of the first production ore commenced immediately. This event is a key milestone for the project and signals the continuation of the project’s ramp up toward steady-state production, scheduled for Q3 FY27.

The CMA Underground mine is both the first mechanised underground mine in Côte d’Ivoire and the first for Perseus. With investment in the CMA Underground project, Perseus continues to be a key partner in assisting to build skills in the Ivorian mining sector. The start of underground ore production represents a significant milestone of the development of broader mining capability in the country.

Perseus’s Managing Director and CEO Craig Jones said:

“The first production blast is a defining moment for Perseus and Côte d’Ivoire, representing the culmination of many months of intensive underground development, drilling and infrastructure installation. This is a testament to the hard work and dedication of our site team and contractors, and we look forward to scaling up operations over the coming months with the higher-grade underground ore providing mill feed.”.

COMPETENT PERSON STATEMENT:

All production targets referred to in this release are underpinned by estimated Ore Reserves which have been prepared by competent persons in accordance with the requirements of the JORC Code.

The information in this report that relates to the Mineral Resources and Ore Reserve for the Edikan and Sissingué Gold Mines was updated by the Company in a market announcement “Perseus Mining updates Mineral Resources and Ore Reserves” released on 21 August 2025. The information in this report that relates to the Mineral Resources and Ore Reserve for the Nyanzaga Gold Project was updated in a market announcement “Perseus Mining Increases Nyanzaga Gold Project Ore Reserves to 4.0 Moz” released on 20 February 2026.The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed.

The Company confirms that the material assumptions underpinning the estimates of Ore Reserves described in “Technical Report — Edikan Gold Mine, Ghana” dated 6 April 2022, “Technical Report — Yaouré Gold Project, Côte d’Ivoire” dated 18 December 2023, “Technical Report — Sissingué Gold Project, Côte d’Ivoire” dated 29 May 2015, and “Technical Report — Nyanzaga Gold Project, Tanzania” dated 10 June 2025 continue to apply.

Caution Regarding Forward Looking Information:

This report contains forward-looking information which is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Assumptions have been made by the Company regarding, among other things: the price of gold, continuing commercial production at the Yaouré Gold Mine, the Edikan Gold Mine and the Sissingué Gold Mine without any major disruption, development of a mine at Nyanzaga, the receipt of required governmental approvals, the accuracy of capital and operating cost estimates, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used by the Company. Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of gold, the actual results of current exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents. Readers should not place undue reliance on forward-looking information. Perseus does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

ASX/TSX CODE: PRUCAPITAL STRUCTURE:

Ordinary shares: 1,346,377,056

Performance rights: 8,625,981

REGISTERED OFFICE:

Level 2

437 Roberts Road

Subiaco WA 6008

Telephone: +61 8 6144 1700

www.perseusmining.com

DIRECTORS:Rick Menell

Non-Executive Chairman

Craig Jones

Managing Director & CEO

Amber Banfield

Non-Executive Director

Elissa Cornelius

Non-Executive Director

Dan Lougher

Non-Executive Director

John McGloin

Non-Executive Director

James Rutherford

Non-Executive Director

CONTACTS:Craig Jones

Managing Director & CEO

[email protected] Forman

Investor Relations

+61 484 036 681

[email protected] Ryan

Media Relations

+61 420 582 887

[email protected]

Building on innovations introduced at Qlik Connect® 2026, Qlik helps Snowflake customers bring more enterprise data into Snowflake in real time, extend Snowflake and Snowflake Cortex AI workflows with governed enterprise context, and connect analytics to governed action.

Key takeaways:

Bring more enterprise data into Snowflake in real time: Qlik helps customers move data from SAP, mainframe, SaaS, databases, and streaming environments into Snowflake with speed and scale. Extend Snowflake and Snowflake Cortex AI workflows with governed enterprise context: Qlik helps customers connect Snowflake data with governed data products, lineage, quality signals, and business context, including relevant context that may sit outside Snowflake. Connect insight to governed action: Qlik extends Snowflake investments with analytics, open agent interoperability, and workflow activation so teams can move from data to insight to action more effectively. SAN FRANCISCO--(BUSINESS WIRE)--Qlik® today announced expanded ways for Snowflake customers to bring real-time enterprise data, governed business context, and open agentic capabilities into Snowflake-centered AI and analytics initiatives. Timed for Snowflake Summit 26, the announcement builds on innovations introduced at Qlik Connect 2026 and highlights how Qlik complements Snowflake by helping joint customers connect more enterprise data to downstream analytics and AI.

As organizations push beyond AI pilots, many are finding that the bottleneck is not model access. The harder challenge is connecting current enterprise data, preserving business meaning, and governing how AI insights are used across real workflows without adding more lock-in, cost opacity, or operational risk.

Qlik helps address that need by moving enterprise data into Snowflake in real time, shaping reusable governed data products, and extending analytics and AI workflows with governed context from systems and data sources that may sit beyond Snowflake. As a Snowflake Elite Technology Partner, Qlik brings together data integration, data quality, analytics, and open agent interoperability in a way that helps joint customers accelerate AI value while preserving trust and control.

Qlik is also introducing a Snowflake Native App for Qlik Model Context Protocol (MCP) Server, connecting Snowflake Intelligence and Cortex Agents to Qlik Cloud. The app lets Cortex Agents access Qlik-governed data and analytics assets directly from Snowflake workflows, including Qlik apps, KPIs, formulas, chart data and lineage, grounding natural-language exploration in Qlik’s trusted analytics engine.

“Snowflake customers do not need more AI experimentation around the edges,” said Josh Good, VP, Tech Ecosystems & Strategy at Qlik. “They need a practical way to get more value from Snowflake by bringing in more enterprise data, preserving business context, and connecting Snowflake and Cortex workflows to governed intelligence across the business. Qlik helps do that with the flexibility and control enterprises expect.”

“Snowflake is the platform for the AI era, making it easy for enterprises to innovate faster and get more value from data,” said Amy Kodl, SVP, Worldwide Alliances and Channels at Snowflake. “Qlik complements that foundation by helping joint customers connect more enterprise data and business context to Snowflake workflows, so teams can move faster from data to insight to action with the governance required at enterprise scale.”

What’s new

Real-time enterprise data into Snowflake: Qlik supports CDC, streaming, batch, and event-driven movement from hundreds of enterprise sources into Snowflake, helping customers reduce latency and accelerate time to analytics. Governed data products and business context: Qlik helps customers create curated, governed, and reusable data products with lineage, quality controls, stewardship, and trust signals that improve confidence in analytics and AI-driven decisions. Context for Snowflake Intelligence and Cortex AI workflows: The Snowflake Native App for Qlik MCP Server connects Snowflake Intelligence and Cortex Agents to Qlik Cloud, helping customers bring Qlik-governed analytics context, including relevant enterprise context that may sit outside Snowflake, into Snowflake workflows. An open fit with existing investments: Qlik is designed to work with the systems customers already use, helping teams extend their Snowflake environment with trusted intelligence rather than adding another stack. Together, Qlik and Snowflake help organizations turn strong data infrastructure into more trusted, explainable, and actionable AI outcomes. That gives joint customers a more practical path to enterprise AI, especially in environments where SAP data, operational systems, documents, and real-time streams all need to work together under governance.

Check out keynotes from Snowflake Summit 26 live or on-demand here and stay on top of the latest news and announcements from Snowflake on LinkedIn and X.

About Qlik
Qlik helps teams get more out of AI with data they can rely on and control. It delivers trusted data products, a powerful analytics engine, and AI agents. This helps teams reduce risk, keep operating costs in check, and scale AI responsibly as needs evolve. Used by 75% of the Fortune 500, Qlik supports customers worldwide. Qlik works with the systems and partners customers already use, so teams can stay flexible without lock-in.

© 2026 QlikTech International AB. All rights reserved. All company and/or product names may be trade names, trademarks and/or registered trademarks of the respective owners with which they are associated.

Baron Global Opportunity Fund declined 4.8% (Institutional Shares) during the first quarter. Top contributors to performance were Space Exploration Technologies Corp., ASML Holding N.V., and Taiwan Semiconductor Manufacturing Company Limited. Top detractors to performance were Shopify Inc., Snowflake Inc., and Bajaj Finance Limited.

Just last week, Anthropic announced that it had raised $65 billion in a Series H funding round that valued the company at $965 billion -- making it the world's most valuable start-up. Now, the company's recent confidential S-1 filing is perhaps the clearest signal yet that participants in the artificial intelligence (AI) gold rush are marching toward the public markets.

SpaceX's initial public offering will take place later this month, and AI chipmaker Cerebras (CBRS 5.54%) listed a couple of weeks ago. With all of this action underway, smart investors need to weigh the extraordinary promises being made against the sobering lessons from how the hottest IPOs have performed in recent years.

Image source: Getty Images.

Why is Anthropic going public? Anthropic's near-trillion-dollar valuation reflects more than optimism about large language models (LLM). The company's backers are pricing in the belief that Anthropic's Claude models and partnerships with cloud hyperscalers -- namely Amazon (AMZN 1.24%) and Alphabet (GOOGL +0.53%) (GOOG +0.44%) -- will allow it to be a dominant force in the next era of enterprise software, scientific research, and consumer applications.

The likely proximity of its IPO to those of SpaceX and Cerebras adds an interesting layer of significance. SpaceX is aiming to be the largest IPO in history, targeting a valuation of $1.75 trillion. Meanwhile, Cerebras' recent debut tested investor appetite for makers of specialized AI chip hardware.

Taken together, I think this trifecta of IPOs marks a maturation point for the AI ecosystem. In other words, the venture capital funds that have invested in these start-ups for years are beginning to seek liquidity. Now, retail and institutional investors no longer need to watch these start-ups from the sidelines. The big question, however, is whether the market can price Anthropic correctly once it hits the public exchange.

Image source: Getty Images.

Analyzing hot tech IPOs from recent history A thorough look at the most hyped technology IPOs in recent years reveals a fairly consistent script. To summarize, such stocks usually surge immediately following their debuts. Their run-ups are fueled by a combination of scarcity, media frenzy, and FOMO-driven participation from retail investors.

Once lock-up periods expire, company insiders, early employees, and venture investors begin to cash out. New supplies of shares flood the market just as the initial bullish narratives begin to come face to face with operational realities. Growth stories must be repeatedly proven with each passing quarter, and lofty valuations leave little room for error.

Palantir Technologies (PLTR 2.32%) provides a textbook example. The company's 2020 direct listing opened with enormous enthusiasm. However, after a couple of quarters of mundane growth, Palantir stock spent the next three years trading broadly sideways.

Snowflake (SNOW 3.31%) followed a similar arc. Shares were initially priced at $120, but more than doubled on the first day of trading back in September 2020. Unfortunately, investors who bought near the peak endured a multiyear grind as Snowflake was unable to justify its high valuation multiples amid lumpy growth.

PLTR data by YCharts.

Fresh off its own listing, Cerebras' stock has already experienced the classic post-IPO compression as the early hype cycle has cooled.

Today's Change

(

-5.54

%) $

-12.55

Current Price

$

214.00

Is the Anthropic IPO a good buy? Applying the patterns explored above to Anthropic suggests that there is a high-probability outcome from the IPO: an initial pop driven by the novelty of owning stock in the world's most valuable AI start-up, followed by an extended period of valuation consolidation.

Once lock-up agreements expire and the first few quarters of public company scrutiny inevitably arrive, any gaps between management's execution and the market's optimism will almost certainly be magnified. The same dynamics that humbled Palantir and Snowflake will likely manifest for Anthropic, too.

So, is the Anthropic IPO a buy? History says no -- at least not close to its opening day. Investors who chase that euphoria risk learning for themselves a costly lesson that earlier tech IPO buyers learned the hard way. In my view, the smarter approach would be to exercise patience and wait for the post-IPO hype to dissipate. Once early sellers have cleared and the growth narrative has normalized, Anthropic can be better judged on its business fundamentals rather than valuation theater.

Snowflake Inc (NYSE:SNOW)’s artificial intelligence strategy is showing increasing signs of commercial traction, according to Jefferies analysts, who reiterated their ‘Buy’ rating and $300 price target on the cloud data platform company following its user conference and investor day in San Francisco.

This price target implies upside from current levels of about $245.

The analysts wrote that they came away with greater conviction in Snowflake's AI monetization opportunity, particularly through CoCo, the company's coding agent, which they believe is beginning to drive customer expansions alongside its core data warehousing business.

According to Jefferies, conversations with partners and customers suggested that CoCo has become significantly more reliable since April and performs particularly well on Snowflake-specific data workflows. The firm wrote that the tool can outperform third-party coding agents in areas such as text-to-SQL generation because it leverages Snowflake's existing data governance and enterprise context.

The analysts noted that the current benefits from AI adoption appear to be centered on improving productivity and accelerating migrations rather than generating entirely new workloads. They wrote that customers are seeing returns primarily through faster execution and reduced implementation times.

Jefferies also highlighted what it described as improving go-to-market dynamics. The firm wrote that AI tools are helping shorten sales cycles, speed up customer adoption and increase the pace of migrations onto the Snowflake platform, although it noted that successfully embedding AI into the company's sales strategy remains an important execution focus.

At Snowflake's investor day, management emphasized that CoCo is helping existing users complete workflows more efficiently, with the analysts writing that the product's key advantage lies in its native integration with Snowflake's data and governance infrastructure rather than the underlying AI models themselves.

The firm also pointed to the longer-term potential of Snowflake CoWork, a personal AI agent designed for enterprise use cases, though it noted that adoption remains in its early stages and may require additional customer education.

From a financial perspective, Jefferies modestly raised its earnings estimates while leaving revenue projections largely unchanged. The analysts wrote that Snowflake's valuation of roughly 12 times calendar 2027 revenue appears reasonable for a company they expect to deliver more than 30% growth, while trading at a discount to some cloud software peers.

Jefferies also wrote that Snowflake could achieve GAAP profitability by the fourth quarter of fiscal 2028, driven by expanding operating margins and a declining level of stock-based compensation as a percentage of revenue.

Snowflake Inc (NYSE:SNOW)’s artificial intelligence strategy is showing increasing signs of commercial traction, according to Jefferies analysts, who reiterated their ‘Buy’ rating and $300 price target on the cloud data platform company following its user conference and investor day in San Francisco.

This price target implies upside from current levels of about $245.

The analysts wrote that they came away with greater conviction in Snowflake's AI monetization opportunity, particularly through CoCo, the company's coding agent, which they believe is beginning to drive customer expansions alongside its core data warehousing business.

According to Jefferies, conversations with partners and customers suggested that CoCo has become significantly more reliable since April and performs particularly well on Snowflake-specific data workflows. The firm wrote that the tool can outperform third-party coding agents in areas such as text-to-SQL generation because it leverages Snowflake's existing data governance and enterprise context.

The analysts noted that the current benefits from AI adoption appear to be centered on improving productivity and accelerating migrations rather than generating entirely new workloads. They wrote that customers are seeing returns primarily through faster execution and reduced implementation times.

Jefferies also highlighted what it described as improving go-to-market dynamics. The firm wrote that AI tools are helping shorten sales cycles, speed up customer adoption and increase the pace of migrations onto the Snowflake platform, although it noted that successfully embedding AI into the company's sales strategy remains an important execution focus.

At Snowflake's investor day, management emphasized that CoCo is helping existing users complete workflows more efficiently, with the analysts writing that the product's key advantage lies in its native integration with Snowflake's data and governance infrastructure rather than the underlying AI models themselves.

The firm also pointed to the longer-term potential of Snowflake CoWork, a personal AI agent designed for enterprise use cases, though it noted that adoption remains in its early stages and may require additional customer education.

From a financial perspective, Jefferies modestly raised its earnings estimates while leaving revenue projections largely unchanged. The analysts wrote that Snowflake's valuation of roughly 12 times calendar 2027 revenue appears reasonable for a company they expect to deliver more than 30% growth, while trading at a discount to some cloud software peers.

Jefferies also wrote that Snowflake could achieve GAAP profitability by the fourth quarter of fiscal 2028, driven by expanding operating margins and a declining level of stock-based compensation as a percentage of revenue.

Snowflake stock gains 16% in a year as AI products and customer growth accelerated, but margin pressure, competition and a premium valuation cloud the outlook.

REDWOOD CITY, Calif.--(BUSINESS WIRE)--ExecAtlas, powered by Equilar, today announced at Snowflake's annual user conference, Snowflake Summit 26, that it is a founding member of the Financial Services Working Group under Open Semantic Interchange (OSI). This open source initiative establishes a universal specification for all financial services organizations to standardize their fragmented data definitions with an open, industry-neutral semantic model specification. By standardizing foundationa.

Federal Realty Investment Trust (FRT) Q1 2026 Earnings Call Transcript

Wall Street is focused on the geopolitical conflict unfolding in the Middle East and its impact on energy prices. Before that, there was the war in Ukraine. In the future, there will be some other newsworthy event, perhaps the bursting of what some believe is an artificial intelligence bubble, that will unnerve investors and lead to stock market volatility.

The big picture is that the market is volatile and it always will be. If you are an investor, one way to deal with market uncertainty is to focus on reliable dividend-paying stocks. Three to consider today are Enterprise Products Partners (EPD 0.08%), Federal Realty (FRT +0.82%), and International Business Machines (IBM 1.13%).

Image source: Getty Images.

Enterprise avoids commodity risk Master limited partnership (MLP) Enterprise Products Partners operates one of the largest midstream businesses in North America. It generates reliable cash flows by charging customers fees for the use of its energy infrastructure assets. The volume of oil and natural gas moving through its system is more important to the MLP's results than the prices of the products it moves. Energy is vital to the modern world, so volumes tend to remain robust even during energy industry downturns.

Enterprise has a lofty 5.7% distribution yield. The distribution has been increased annually for 27 consecutive years, which is basically as long as the MLP has been publicly traded. The MLP's yield will likely make up the lion's share of your return over time, but this resilient energy business is a way to add energy exposure to your portfolio without the commodity risk that is so prevalent in the energy sector today.

Today's Change

(

-0.08

%) $

-0.03

Current Price

$

37.25

Federal Realty is a Dividend King landlord Federal Realty is a real estate investment trust (REIT) that owns strip malls and mixed-use assets. It only owns around 100 properties, so it is kind of small. And yet it has done something that no other REIT has: Federal Realty's dividend has been increased annually for 58 consecutive years. That's the longest streak in the REIT sector, which has enabled the REIT to become a Dividend King. Federal Realty is the only Dividend King REIT. The dividend yield is well above the market at 4%.

Federal Realty's success is attributable to two factors. First, it focuses on quality over quantity. Its properties have higher average incomes and population densities around them than its peers, which means it owns properties in which retailers want to be located. Second, Federal Realty is an active portfolio manager, always buying, selling, and investing to upgrade its portfolio. In this way, it ensures that its portfolio of properties remains industry-leading. The proof of the REIT's success is its incredible dividend streak.

Today's Change

(

0.82

%) $

1.02

Current Price

$

125.74

Buying a few boring, reliable dividend stocks is a great way to deal with market uncertainty. Federal Realty is the epitome of boring and reliable.

International Business Machines knows how to adjust Technology giant IBM has increased its dividend for decades. The dividend yield is 2.9%, which is well above the technology sector average of 0.4%. But the real attraction with IBM is its history of changing along with the needs of its business customers.

Today's Change

(

-1.13

%) $

-3.10

Current Price

$

271.75

Today, IBM is focused on cloud computing, artificial intelligence, and quantum computing. These are all hot technology trends right now. It started life over 100 years ago, producing items such as scales. This is not some start-up; it is an industry survivor. That's important because IBM's business customers know that they can count on the company to support their most important technology processes and functions across the business cycle and through technology cycles. Long-term dividend investors can comfortably own it for the same reasons.

Dividends make it easier to live with volatility Risk is just part of the investment equation. While you will never be able to avoid volatility, you can adjust your investment approach to make that volatility easier to deal with. A good option is dividend stocks that have proven they can pay you well despite the market's inherent risk. At the end of the day, focusing on the dividends you are collecting from reliable payers like Enterprise, Federal Realty, and IBM lets you avoid focusing on the inevitable ups and downs of the market.

Federal Realty Investment Trust (FRT - Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for Federal Realty Investment Trust basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Federal Realty Investment Trust imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for Federal Realty Investment TrustThis real estate investment trust is expected to earn $7.48 per share for the fiscal year ending December 2026, which represents no year-over-year change.

Analysts have been steadily raising their estimates for Federal Realty Investment Trust. Over the past three months, the Zacks Consensus Estimate for the company has increased 1.2%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Federal Realty Investment Trust to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

Despite the S&P 500 index (^GSPC +0.50%) trading near record highs, you can still find good investment ideas in the financial sector. For those who like growth stocks, particularly dividend growth stocks, Visa (V +0.93%) could be a good choice. For yield-seeking investors, Dividend King Federal Realty (FRT +0.82%) should be strongly considered.

But dividend lovers shouldn't get so enamored of AGNC Investment's (AGNC +0.10%) 13%+ dividend that they overlook this crucial fact about the company. It is well run, but it may not be the investment you expect based on that lofty yield.

Image source: Getty Images.

Visa's valuation looks reasonable Payment processor Visa has a long history of growth. Its business has expanded alongside the shift from cash to card payments. To put a number on that, in 2015 the company handled 71 billion transactions, up 9% year over year. In 2025, it handled 257.5 billion transactions, up 10% in a year. Visa's growth is not slowing down, which helps explain why it is normally afforded a premium in the market.

However, the company's price-to-sales and price-to-earnings ratios are both below their five-year averages right now. That hints that the stock is reasonably priced, if not a little cheap. The yield is fairly low at 0.8%, but the dividend has grown at an annualized rate of 17% over the past decade. If you are a growth investor or a dividend growth investor, you'll probably want to dig into Visa's story.

Today's Change

(

0.93

%) $

2.96

Current Price

$

322.01

Federal Realty is the "King" of REITs Federal Realty is an income stock, noting its attractive 3.9% dividend yield. That said, the real draw with this strip mall and mixed-use property landlord is consistency. Federal Realty is the only real estate investment trust (REIT) that is also a Dividend King, having increased its dividend annually for over five decades.

The REIT is focused on quality over quantity, with a portfolio of only around 100 properties. It takes a very active management approach, frequently buying, selling, and redeveloping assets. The end result is a portfolio with higher average population densities and higher average incomes than any of Federal Realty's closest peers.

Today's Change

(

0.82

%) $

1.02

Current Price

$

125.74

Federal Realty isn't an exciting business. It tends to be a slow-and-steady grower. But if you are looking for a reliable dividend stock, this REIT is hard to beat.

AGNC Investment isn't a dividend stock That said, don't get so enamored of dividends that you overlook key dividend risks. For example, AGNC Investment has a huge 13%+ dividend yield, but it isn't a particularly reliable dividend stock. As the chart below shows, the dividend has not only been volatile over time but has also been declining for more than a decade. The stock price has tracked the dividend both up and down.

AGNC data by YCharts

What's interesting is that AGNC Investment is not a bad investment or a troubled company. It is a fairly well-respected mortgage REIT. The dividend and price volatility are pretty normal for a mortgage REIT. And, if you reinvested the dividends over time, your total return would be roughly similar to that of the S&P 500 index. That's a pretty impressive total return story, even if the stock is a less-than-desirable dividend story. AGNC Investment could be attractive to investors looking to diversify their portfolios.

Three finance options; two are reliable dividend stocks Visa is a solid dividend growth stock that is still growing its business. Federal Realty is a slow-and-steady, high-yield stock with a proven business model. And AGNC Investment has a huge yield, but investors need to tread with caution because it's really a total return investment. In the end, that's three potential finance options. Just tread carefully with AGNC Investment, since it may not be what it seems at first glance.

Federal Realty Investment Trust is upgraded to a strong buy, outperforming peers and the S&P 500 with robust fundamentals. FRT demonstrates strong leasing momentum, 5-year revenue and EBITDA margin growth, and a proven dividend growth record with ample coverage. Balance sheet risk is attractive, supported by investment-grade credit ratings and low tenant concentration, though valuation is somewhat rich with only modest upside.

Image: Bigstock

Read MoreHide Full Article

Key Takeaways FRT gained 12.3% in three months as investors warmed to its earnings outlook and leasing momentum.Federal Realty posted Q1 2026 Nareit FFO of $1.88, up 10.6%, and signed a record 101 comparable leases.FRT ended the quarter 93.8% occupied, 96.1% leased, while recycling capital into centers in MD and VA. Federal Realty Investment Trust (FRT - Free Report) stock has gained 12.3% over the past three months, outperforming its industry’s 3.2% increase, drawing fresh attention from investors looking at retail REITs. The move reflects improving confidence in the company’s earnings outlook, leasing momentum and capital recycling strategy.

After a long period in which higher interest rates weighed on REIT valuations, FRT’s recent performance suggests that investors are again focusing on its steady operating growth and high-quality property base.

Federal Realty owns and operates open-air shopping centers and mixed-use retail properties in strong coastal and select high-income markets. Its portfolio includes well-known assets such as Santana Row, Pike & Rose and Assembly Row. The broader retail real estate industry has been helped by limited new supply, resilient demand for well-located shopping centers and stronger tenant interest in properties that serve affluent customers.

Image Source: Zacks Investment Research

Factors Behind FRT Stock Price Rise: Will This Trend Continue?One major reason behind the stock’s rise is Federal Realty’s strong first-quarter 2026 performance. The company reported Nareit FFO of $1.88 per share, up 10.6% from the prior-year quarter. That is a healthy increase for a mature REIT and shows that rent growth, occupancy and redevelopment contributions are beginning to show up in results.

Leasing activity was a bright spot. Federal Realty signed 101 comparable retail leases covering 649,078 square feet, a first-quarter record for the company. These leases came with rent growth of 13% on a cash basis and 23% on a straight-line basis. Strong leasing spreads matter because they point to pricing power, especially in a retail market where high-quality space remains limited.

The company’s portfolio also remains well occupied. Overall occupancy was 93.8%, while the leased rate stood at 96.1% at the end of the quarter. This spread between leased and occupied space suggests that already-signed leases could still add rent as tenants open. Management also pointed to an active pipeline and expected rent contribution from signed but not yet occupied space, which could support results into 2027.

Another factor helping sentiment is Federal Realty’s capital recycling plan. The company sold mature assets, including residential and retail properties, and used capital to buy assets such as Congressional North Shopping Center in Montgomery County, MD, and an additional retail parcel at Kingstowne Towne Center in Alexandria, VA. This strategy can improve growth if the company sells lower-yielding assets and reinvests in properties with better long-term return potential.

Still, the rally may not move in a straight line from here. REITs remain sensitive to interest rates, refinancing costs and investor appetite for income stocks. Federal Realty also faces usual retail real estate risks, including tenant bankruptcies, operating cost pressure and possible delays in redevelopment projects. The company’s own guidance points to growth, but not without headwinds from financing costs.

View on FRT StockFederal Realty’s recent stock rise looks backed by real operating progress, including higher FFO, strong leasing spreads and better guidance. Its focus on affluent markets and mixed-use assets gives it a solid position in the retail REIT space. However, after a 12.3% three-month gain, some of the good news may already be reflected in the share price. For now, the outlook appears balanced: the business trend is positive, but investors may want to watch valuation, rates and execution before expecting the rally to continue at the same pace.

Currently, FRT carries a Zacks Rank #3 (Hold).

Stocks to ConsiderSome better-ranked stocks from the broader REIT sector are Curbline Properties Corp. (CURB - Free Report) and Philips Edison & Company (PECO - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for CURB’s 2026 FFO per share is pinned at $1.21. This indicates year-over-year growth of 14.15%.

The Zacks Consensus Estimate for PECO’s 2026 FFO per share is pegged at $2.76. This implies year-over-year growth of 6.15%.

Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs.

Zacks' 7 Best Strong Buy Stocks (New Research Report) Valued at $99, click below to receive our just-released report predicting the 7 stocks that will soar highest in the coming month.

Click Here, It's Really Free

Published in reit retail

-

AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE American: HYLN), a developer of modular power plant technology, today announced it will host a conference call and accompanying webcast at 10:00 a.m. CT / 11:00 a.m. ET on Wednesday, May 13, 2026 to discuss its financial results, the company's business, and outlook. Hyliion plans to report its Q1 2026 financial results after the market close on Tuesday, May 12, 2026.

Hyliion’s Q1 2026 Conference Call
Date: Wednesday, May 13, 2026
Time: 10:00 a.m. CT / 11:00 a.m. ET

Conference Call Online Registration for the Q&A:
https://events.q4inc.com/analyst/954135636?pwd=U3P78Fhs

Access the Webcast:
https://events.q4inc.com/attendee/954135636

An archived webcast of the conference call will be accessible on the Investor Relations section of the Hyliion website.

About Hyliion

Hyliion is committed to creating innovative solutions that enable clean, flexible and affordable electricity production. The Company’s primary focus is to provide modular power plant technology that can operate on various fuel sources to future-proof against an ever-changing energy economy. Headquartered in Austin, Texas, and with research and development in Cincinnati, Ohio, Hyliion is initially targeting the commercial and waste management industries with a locally deployable KARNO™ Power Module that can offer prime power as well as energy arbitrage opportunities. Beyond stationary power, Hyliion will address mobile applications such as vehicles and marine. The Company aims to offer innovative, yet practical solutions that contribute positively to the environment in the energy economy. For further information, please visit www.hyliion.com.

More News From Hyliion Holdings Corp.

Back to Newsroom

AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE American: HYLN) (“Hyliion”), a developer of modular power plant technology, today reported financial results for the first quarter ended March 31, 2026, and provided key updates on the development of the KARNO™ Power Module platform.

Key Business Highlights

Successfully completed non-recurring UL certification testing of the KARNO Power Module, a key milestone for enabling customer site deliveries Executed an LOI with advanced data center developer VFG Holdings for up to 250 KARNO Cores, or 50 megawatts, targeted over five years Nearly 750 KARNO Cores under non-binding letters of intent, representing more than $400 million of potential revenue at current pricing On track to complete the deployment of the approximately 10 early adopter units in 2026 and commercialize the KARNO Power Module by year end Commenced build of an 800-kilowatt KARNO system for an unmanned U.S. Navy vessel, the same platform to be used in multi-megawatt systems for data center applications Reaffirming $40 to $50 million in expected additional U.S. military contracts during 2026 Demonstrated dynamic in-operation fuel switching across diesel, natural gas, and hydrogen on a single KARNO reactor Recorded first-quarter revenue of $2.8 million, up fourfold from Q4 2025 revenue; reaffirming 2026 revenue guidance of approximately $10 million Finished the quarter with $139.3 million in cash and investments while reaffirming a 2026 year-end cash and investments balance of approximately $100 million Executive Commentary

"The first quarter delivered tangible progress against the deployment-and-commercialization plan we outlined for 2026, including completion of UL non-recurring testing on the KARNO Power Module, a new data center partnership with VFG Holdings, demonstrated multi-fuel flexibility, and four times the revenue of the prior quarter," said Thomas Healy, Founder and CEO of Hyliion. "Our focus for the balance of the year remains on execution as we work toward commercialization of the KARNO Power Module by year end."

Product Performance and Readiness

Hyliion successfully completed the non-recurring UL certification testing of the KARNO Power Module, removing a key gating item for delivering early adopter units to customer sites. The testing covered three subsystems: the linear electric motor, the battery system, and the complete Power Module, with each undergoing separate UL certification. Individual KARNO Power Modules will still undergo a final operating test prior to receiving their nameplate certification, but the underlying non-recurring tests do not need to be repeated. Later in the year, the company expects to advance to facility-level certification, which will eliminate the need for individual unit sign-off and support production at scale.

Hyliion continues to operate KARNO units at its Cincinnati facility and is advancing toward the full 200-kilowatt design power rating. During the quarter, the team conducted isolated testing of new software and component improvements that yielded additional power and efficiency gains. Hyliion plans to incorporate these and other advancements into the product over the coming quarters and remains on track to reach the full design power rating by year end.

Fuel flexibility remains a key differentiator of the KARNO platform. During the first quarter, Hyliion demonstrated dynamic, in-operation fuel switching across diesel, natural gas, and hydrogen on a single KARNO reactor without shutting the system down. This capability is particularly relevant for applications that require on-site fuel resiliency, such as data centers operating primarily on pipeline natural gas with diesel as backup, and defense operations where fuel availability shifts in the moment.

KARNO Commercial Updates

Hyliion remains on track to complete deployment of the approximately 10 early adopter units during 2026 and commercialize the KARNO Power Module by year end. With UL non-recurring testing now complete, Hyliion will begin transitioning units to customer sites over the next couple of quarters.

Hyliion and VFG Holdings, LLC entered into a non-binding Letter of Intent (“LOI”) establishing a strategic partnership focused on deploying KARNO Power Modules for advanced next-generation data center applications. The parties intend to pursue deployment opportunities totaling up to 250 KARNO Cores, or 50 megawatts of power generation capacity, over the next five years. VFG develops turnkey data center solutions, including power infrastructure, compute systems, site development, and financing. The parties expect to provide additional updates regarding the collaboration and initial deployment opportunities in future periods.

Hyliion has commenced the build of an 800-kilowatt KARNO Power Module for installation on an unmanned U.S. Navy vessel under existing Office of Naval Research contracts, with completion expected in 2026. The 800-kilowatt architecture also serves as the foundational building block for the company's data center offering, scalable to 2.4 and 3.2 megawatts to match the modular power requirements of data center customers.

Hyliion is now engaged with multiple branches of the U.S. military beyond the Navy and Air Force, driven by interest in the platform's true fuel-agnostic operation, low maintenance, and low acoustic and thermal signature, which suit autonomous operations and mobile power generation. The company expects to sign $40 to $50 million in additional military contracts during 2026, on top of the approximately $20 million in ONR contracts currently being executed, subject to customary government contracting processes.

Customer interest in the KARNO platform continues to grow. As of quarter end, Hyliion had executed non-binding letters of intent for nearly 750 KARNO Cores across data center, military, prime power, and other applications, representing more than $400 million of potential revenue at current pricing.

Financial Highlights and Guidance

Hyliion recorded first-quarter 2026 revenue of $2.8 million from research and development services, compared to $0.5 million in the first quarter of 2025 and $0.7 million in the fourth quarter of 2025. The significant growth reflects an acceleration of work under the company's contracts with the Office of Naval Research, including the build of the 800-kilowatt KARNO Power Module being delivered for the Navy. Cost of revenues was $2.6 million, resulting in a gross margin gain of $0.2 million for the quarter.

Operating expenses for the first quarter were $13.4 million, compared to $19.7 million in the first quarter of 2025, primarily reflecting lower research and development spending. R&D expense was $7.7 million, down 37% from $12.2 million in the first quarter of 2025. The reduction reflects a shift of activity into revenue-generating work for the Navy as well as approximately $1.9 million related to the production and capitalization of inventory that the company expects to utilize in future periods for building KARNO systems for the Navy. The Powertrain Exit and Termination line reflected a credit of $0.4 million during the quarter compared to expenses of $1.4 million in the first quarter of 2025, primarily reflecting ongoing asset sales related to the former powertrain business that are largely complete. SG&A expenses were relatively flat year over year.

Hyliion reported a first-quarter 2026 net loss of $11.7 million, a 32% improvement from the net loss of $17.3 million reported in the first quarter of 2025. Total cash expenditures were $13.0 million during the quarter, including capital spending of $1.9 million related primarily to additive printing machines and facility investments to support printer operations. Cash generated from asset sales was $1.6 million. Hyliion ended the first quarter with $139.3 million in cash and short and long-term investments.

Looking ahead to the balance of 2026, Hyliion is reaffirming its prior guidance of approximately $10 million in full-year revenue from R&D services and potential initial commercial customer sales following commercialization of the 200-kilowatt KARNO Power Module, which is expected late in the year. The company expects total cash use during the year to be approximately $50 million, resulting in a year-end 2026 cash and investments balance of approximately $100 million. The reduced cash use forecast compared to 2025 reflects higher revenue, expense control, lower capital spending, and approximately $10 million of planned equipment financing. The company continues to believe its current capital position is sufficient to fund operations through commercialization of the KARNO Power Module.

About Hyliion

Hyliion is committed to creating innovative solutions that enable clean, flexible and affordable electricity production. The Company’s primary focus is to provide modular power plants that can operate on various fuel sources to future-proof against an ever-changing energy economy. Headquartered in Austin, Texas, and with research and development in Cincinnati, Ohio, Hyliion is initially targeting the commercial and waste management industries with locally deployable KARNO Power Module that can offer prime power as well as energy arbitrage opportunities. Beyond stationary power, Hyliion will address mobile applications such as vehicles and marine. The KARNO Power Module is a fuel-agnostic solution, enabled by additive manufacturing, that leverages a linear heat generator architecture. The Company aims to offer innovative, yet practical solutions that contribute positively to the environment in the energy economy. For further information, please visit www.hyliion.com.

Forward Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, our status as an early stage company with a history of losses, and our expectation of incurring significant expenses and continuing losses for the foreseeable future; our ability to develop key commercial relationships with suppliers and customers; our ability to retain the services of Thomas Healy, our Chief Executive Officer; the expected performance of the KARNO generator and system; the execution of the strategic shift from our powertrain business to our KARNO business; our ability to comply with governmental regulations related to defense spending and procurement; the suitability of our products for defense applications; and the other risks and uncertainties described under the heading “Risk Factors” in our SEC filings including in our Annual Report (See item 1A. Risk Factors) on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 25, 2026 for the year ended December 31, 2025 and in our subsequently filed Forms 10-Q. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Hyliion’s operations and projections can be found in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.

HYLIION HOLDINGS CORP.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollar amounts in thousands, except share and per share data)

  Three Months Ended March 31,

2026

2025

Revenues

Research and development services

$

2,832

$

489

Total revenues

2,832

489

Cost of revenues

Research and development services

2,622

477

Total cost of revenues

2,622

477

Gross profit

210

12

Operating expenses

Research and development

7,670

12,230

Selling, general and administrative

6,181

6,081

Exit and termination (benefits) costs

(414

)

1,423

Total operating expenses

13,437

19,734

Loss from operations

(13,227

)

(19,722

)

Interest income

1,490

2,468

Net loss

$

(11,737

)

$

(17,254

)

Net loss per share, basic and diluted

$

(0.07

)

$

(0.10

)

Weighted-average shares outstanding, basic and diluted

177,668,678

174,344,218

HYLIION HOLDINGS CORP.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Dollar amounts in thousands, except share data)

  March 31,
2026

December 31,
2025

(Unaudited)

Assets

Current assets

Cash and cash equivalents

$

20,262

$

22,938

Accounts receivable, net

3,026

489

Inventory

1,919

—

Prepaid expenses and other current assets

4,031

4,597

Short-term investments

52,208

69,427

Assets held for sale

—

1,181

Total current assets

81,446

98,632

Property and equipment, net

38,494

40,461

Operating lease right-of-use assets

2,963

3,468

Other assets

990

1,004

Long-term investments

66,858

59,994

Total assets

$

190,751

$

203,559

Liabilities and stockholders’ equity

Current liabilities

Accounts payable

$

901

$

3,142

Current portion of operating lease liabilities

2,804

2,726

Accrued expenses and other current liabilities

4,369

3,995

Total current liabilities

8,074

9,863

Operating lease liabilities, net of current portion

912

1,646

Other liabilities

41

41

Total liabilities

9,027

11,550

Stockholders’ equity

Common stock, $0.0001 par value; 250,000,000 shares authorized; 188,927,224 and 187,878,790 shares issued at March 31, 2026 and December 31, 2025, respectively; 178,317,154 and 177,268,720 shares outstanding as of March 31, 2026 and December 31, 2025, respectively

19

19

Additional paid-in capital

414,574

413,122

Treasury stock, at cost

(14,132

)

(14,132

)

Accumulated deficit

(218,737

)

(207,000

)

Total stockholders’ equity

181,724

192,009

Total liabilities and stockholders’ equity

$

190,751

$

203,559

HYLIION HOLDINGS CORP.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollar amounts in thousands)

  Three Months Ended March 31,

2026

2025

Cash flows from operating activities

Net loss

$

(11,737

)

$

(17,254

)

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation and amortization

2,109

1,142

Amortization and accretion of investments, net

(247

)

(575

)

Noncash lease expense

505

525

Gain on disposal of assets, including assets held for sale

(414

)

(279

)

Share-based compensation

1,452

1,295

Carrying value adjustment to assets held for sale

—

1,590

Changes in operating assets and liabilities:

Accounts receivable

(2,537

)

(5

)

Inventory

(1,919

)

—

Prepaid expenses and other assets

856

1,626

Accounts payable

(389

)

(54

)

Accrued expenses and other liabilities

251

(1,430

)

Operating lease liabilities

(656

)

(585

)

Net cash used in operating activities

(12,726

)

(14,004

)

Cash flows from investing activities

Purchase of property and equipment

(1,874

)

(7,334

)

Proceeds from sale of property and equipment

1,598

219

Receipt of security deposit

—

41

Purchase of investments

(15,174

)

—

Proceeds from sale and maturity of investments

25,500

24,627

Net cash provided by investing activities

10,050

17,553

Cash flows from financing activities

Taxes paid related to net share settlement of equity awards

—

(444

)

Net cash used in financing activities

—

(444

)

Net (decrease) increase in cash and cash equivalents and restricted cash

(2,676

)

3,105

Cash and cash equivalents and restricted cash, beginning of period

23,603

9,892

Cash and cash equivalents and restricted cash, end of period

$

20,927

$

12,997

More News From Hyliion Holdings Corp.

Hyliion Holdings Corp. (HYLN) Q1 2026 Earnings Call Transcript

AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE American: HYLN) (“Hyliion”), a developer of modular power generation technology, today announced that its KARNO Power Module has been named the 2026 Most Valuable Product (MVP) in Consulting-Specifying Engineer’s annual Product of the Year program. The KARNO technology received the highest overall vote total across all six award categories, ahead of new offerings from some of the industry’s most established power generation, electrical, and building systems manufacturers.

The award comes as electricity demand continues to rise across AI-driven data centers, defense applications, industrial expansion, and other critical power markets. Customers increasingly require onsite generation that can be rapidly deployed, operate reliably, offer compelling economics, and meet growing environmental performance expectations.

“Being chosen as the top new product of 2026 across every category, and against entries from some of the most established names in power generation, is an extraordinary validation of the KARNO Power Module,” said Thomas Healy, Founder and Chief Executive Officer of Hyliion. “The CSE community understands the real-world demands of power generation, from lifecycle economics and reliability to permitting and emissions. Their decision to rank our solution ahead of products from companies that have defined this industry for decades reinforces our belief that the market is ready for a new approach to onsite power generation.”

Hyliion is deploying early units in data center, defense, and prime power applications ahead of broader commercial availability in 2027. The Company has received confirmation from the Environmental Protection Agency (EPA) supporting KARNO deployment across all 50 states and successfully completed all non-recurring UL certification testing. In addition, the U.S. Navy’s Office of Naval Research (ONR), in partnership with the Defense Advanced Research Projects Agency (DARPA), has selected the USX-1 Defiant as a candidate test vessel for evaluating Hyliion’s KARNO technology in unmanned autonomous surface vessel applications.

The KARNO Power Module is a fuel-flexible linear generator designed to provide onsite prime power while reducing reliance on the electric grid. It is offered in both a 200kW configuration and a larger multi-megawatt system footprint, each of which is designed to be coupled together to support increasing power demands. Enabled by advanced additive manufacturing, the system is engineered to deliver efficient, low-emissions power generation with reduced maintenance complexity. The KARNO Power Module is designed to operate on more than 20 fuel sources, including natural gas, diesel, propane, hydrogen, and JP8. In addition, the KARNO Power Module’s native 800VDC output aligns with emerging architectures in next-generation AI data centers.

Consulting-Specifying Engineer’s Product of the Year program is one of the longest-running reader-choice awards in the professional engineering industry, recognizing products across six categories spanning mechanical, electrical, plumbing, fire/life safety, lighting, and non-residential building systems. Products are evaluated based on technological innovation, service to the industry, and market impact, criteria that align closely with the KARNO Power Module’s goal of rethinking distributed power generation.

About Hyliion

Hyliion is committed to creating innovative solutions that enable clean, flexible and affordable electricity production. The Company’s primary focus is to provide modular power plant technology that can operate on various fuel sources to future-proof against an ever-changing energy economy. Headquartered in Austin, Texas, and with research and development in Cincinnati, Ohio, Hyliion is initially targeting the commercial and waste management industries with a locally deployable KARNO Power Module that can offer prime power as well as energy arbitrage opportunities. Beyond stationary power, Hyliion will address mobile applications such as vehicles and marine vessels. The Company aims to offer innovative, yet practical solutions that contribute positively to the environment in the energy economy. For further information, please visit www.hyliion.com.

Forward-Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, our status as an early stage Company with a history of losses; our expectation of incurring significant expenses and continuing losses for the foreseeable future; our ability to develop key commercial relationships with suppliers and customers; our ability to retain the services of Thomas Healy, our Chief Executive Officer; the expected performance of the KARNO generator and system; the execution of the strategic shift from our powertrain business to our KARNO business, and the other risks and uncertainties described under the heading “Risk Factors” in our SEC filings including in our Annual Report (See item 1A. Risk Factors) on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 25, 2026 for the year ended December 31, 2025 and subsequently filed Form 10-Qs. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Hyliion’s operations and projections can be found in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.

More News From Hyliion Holdings Corp.

It's been a while since an analyst has held Hyliion Holdings (HYLN 1.13%) shares in such high regard. With an analyst initiating coverage and taking a bullish stance on the manufacturer of module power systems, investors are clearly enthusiastic about the prospect of adding Hyliion stock to their portfolios.

As of 12:26 p.m. ET, Hyliion's shares are up 7%, after retreating from an earlier 15.1% rise.

Image source: Getty Images.

Potential to power even higher Setting a $9 price target, Needham analyst Sean Milligan initiated coverage of Hyliion stock with a buy rating this morning. The last time an analyst set such a high price target was in November 2021, when a Cantor Fitzgerald analyst set a $12 price target for the stock.

Today's Change

(

-1.13

%) $

-0.09

Current Price

$

7.42

Based on Hyliion's closing price of $6.34 yesterday, Milligan's price target implies upside of 42%.

According to Thefly.com, Milligan based his outlook on confidence that the company will begin commercialization of its Karno power module in the next 12 months and that it will become a "disruptor within bring-your-own power end markets."

The Karno power module has various applications, including data centers. In Q1 2026, the company announced it signed a letter of intent with a data center developer to supply 250 Karno Cores over five years.

Is now the time to click the buy button on Hyliion? While one analyst has higher hopes for Hyliion's stock, investors would be well-advised to take the industrial stock's price target with a grain of salt. A better approach is to focus on the company's progress in commercializing its Karno power module. Should the company succeed in bringing the power module to market, it will be an auspicious sign -- one worth investors getting charged up about, as it suggests the company can gain market share in the data center market.

Scott Levine has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

EMEA and Asia Pacific results strengthened; Goodyear Forward delivered $107 million of benefits

, /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) reported first quarter 2026 results today and the company will host an investor call tomorrow morning, Thursday, May 7, at 8:30 a.m. Eastern time led by Mark Stewart, Goodyear's chief executive officer and president, and Christina Zamarro, the company's executive vice president and chief financial officer.

"The first quarter reflected a challenging environment, marked by weak consumer industry demand in both OE and replacement across the majority of our key geographies," said Stewart. "Despite a weak environment, our first quarter results were in line with our expectations and reflect our commitment to drive value for our brands in the marketplace, where we offer world-class differentiated products and services."

"Looking ahead, increased pressure on industry demand and higher raw material costs stemming from the conflict in the Middle East require that we continue to take meaningful actions to strengthen our cost structure," added Stewart. "We have consistently demonstrated a strong capability in driving cost transformation. We expect to deliver further savings to position the company for long term value creation."

Financial Results

Goodyear's first quarter 2026 net sales were $3.9 billion, with tire unit volumes totaling 34.0 million. First quarter 2026 Goodyear net loss was $249 million, or $0.86 per share, compared to Goodyear net income one year ago of $115 million, or $0.40 per share.  First quarter 2026 included several significant items, including, on a pre-tax basis, rationalization charges of $104 million. This significant item, and others, are excluded from adjusted earnings.

First quarter 2026 adjusted net loss was $112 million compared to adjusted net loss of $11 million in the prior year's quarter. Adjusted loss per share was $0.39 compared to $0.04 in the prior year's quarter. Per share amounts are diluted.

Segment Results

The company reported segment operating income of $95 million in the first quarter of 2026, compared to $195 million from one year ago. Segment operating income includes a $46 million benefit from a tariff adjustment following a recent U.S. Supreme Court decision.

After adjusting for the sales of its Chemical business and the Dunlop brand, segment operating income decreased $63 million. The decrease in segment operating income reflects higher inflation and other costs of $163 million and the impact of lower volume of $159 million, partially offset by benefits from Goodyear Forward of $107 million, favorable price/mix versus raw material costs of $103 million and an IEEPA tariff adjustment of $46 million.

Additional earnings materials can be found on Goodyear's investor relations website at http://investor.goodyear.com. 

Reconciliation of Non-GAAP Financial Measures

See "Non-GAAP Financial Measures" and "Financial Tables" for further explanation and reconciliation tables for historical Total Segment Operating Income and Margin; Adjusted Net Income (Loss); and Adjusted Diluted Earnings per Share, reflecting the impact of certain significant items on the 2026 and 2025 periods.

Business Segment Results

AMERICAS                          

First Quarter

(In millions)

2026

2025

Tire Units

15.3

18.4

Net Sales

$2,063

$2,502

Segment Operating Income 

$37

$155

Segment Operating Margin

1.8 %

6.2 %

Americas' first quarter 2026 net sales of $2.1 billion were 17.5% lower than the previous year, driven by a decline in consumer replacement volume and the sale of the Chemical business. Tire unit volume decreased 17.0%. Replacement tire unit volume decreased 23.2%, driven by weak industry conditions in North America. Replacement volumes reflect lower sell-in industry volume, increased competitive promotional activity and the planned rationalization of lower-tier product offerings. Original equipment tire unit volume increased 8.2%, reflecting strong consumer market share gains. Similar to prior quarters, Commercial industry volume was lower in both OE and replacement given a prolonged industry downturn.

Segment operating income of $37 million decreased $118 million from last year. Excluding the impact of the sale of the Chemical business, Americas' segment operating income decreased $87 million driven by the impact of lower volume, general inflation and higher other costs, partially offset by Goodyear Forward benefits, the expected IEEPA tariff refund, and price/mix versus raw materials.

EMEA

First Quarter

(In millions)

2026

2025

Tire Units

11.2

12.3

Net Sales

$1,363

$1,277

Segment Operating Income (Loss)

$1

$(5)

Segment Operating Margin

0.1 %

(0.4) %

EMEA's first quarter 2026 net sales of $1.4 billion increased 6.7% from first quarter 2025, driven by benefits from currency and price/mix, partly offset by lower tire volume, inclusive of the sale of the Dunlop brand. Replacement unit volume decreased 15.2%, driven by market weakness in the E.U., increased competition and the planned rationalization of lower-tier product offerings. Original equipment tire unit volume increased 8.1%, reflecting strong consumer market share gains.

First quarter segment operating income of $1 million increased $6 million from the prior year. Excluding the impact of the sale of the Dunlop brand, EMEA's segment operating income increased $13 million driven by benefits from price/mix versus raw materials and Goodyear Forward, partly offset by higher costs and inflation.

ASIA PACIFIC

First Quarter

(In millions)

2026

2025

Tire Units

7.5

7.8

Net Sales

$455

$474

Segment Operating Income 

$57

$45

Segment Operating Margin

12.5 %

9.5 %

Asia Pacific's first quarter 2026 net sales of $455 million were 4.0% lower than the previous year, as a result of lower volume. Tire unit volume decreased 3.8%, driven by weak OE industry demand in China.

First quarter 2026 segment operating income of $57 million was $12 million higher than the prior year driven by benefits from price/mix versus raw materials and Goodyear Forward, partly offset by the impact of lower volume.

Conference Call

The company will host an investor call on Thursday, May 7, 2026, at 8:30 a.m. Eastern time. Please visit Goodyear's investor relations website: http://investor.goodyear.com, for additional earnings materials.

The investor call can be accessed on the website or via telephone by calling either (800) 579-2543 or (785) 424-1789 before 8:25 a.m. Eastern time and providing the conference ID "Goodyear." A replay will be available by calling (800) 839-2394 or (402) 220-7207. The replay will also be available on Goodyear's investor relations website.

About Goodyear

Goodyear is one of the world's largest tire companies. It employs about 63,000 people and manufactures its products in 49 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate. 

Forward-Looking Statements

Certain information contained in this news release constitutes forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors, many of which are beyond our control, that affect our operations, performance, business strategy and results and could cause our actual results and experience to differ materially from the assumptions, expectations and objectives expressed in any forward-looking statements. These factors include, but are not limited to: our ability to implement successfully our strategic initiatives; actions and initiatives taken by both current and potential competitors; increases in the prices paid for raw materials and energy; inflationary cost pressures; delays or disruptions in our supply chain or the provision of services to us; a prolonged economic downturn or period of economic uncertainty; deteriorating economic conditions or an inability to access capital markets; a labor strike, work stoppage, labor shortage or other similar event; financial difficulties, work stoppages, labor shortages or supply disruptions at our suppliers or customers; the adequacy of our capital expenditures; changes in tariffs, trade agreements or trade restrictions; uncertainty regarding the timing and amount of any IEEPA tariff refund; foreign currency translation and transaction risks; our failure to comply with a material covenant in our debt obligations; potential adverse consequences of litigation involving the company; as well as the effects of more general factors such as changes in general market, economic or political conditions or in legislation, regulation or public policy. Additional factors are discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. In addition, any forward-looking statements represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.

Non-GAAP Financial Measures (unaudited)

This news release presents non-GAAP financial measures, including Total Segment Operating Income and Margin, Adjusted Net Income (Loss), and Adjusted Diluted Earnings Per Share (EPS), which are important financial measures for the company but are not financial measures defined by U.S. GAAP, and should not be construed as alternatives to corresponding financial measures presented in accordance with U.S. GAAP.

Total Segment Operating Income is the sum of the individual strategic business units' (SBUs') Segment Operating Income as determined in accordance with U.S. GAAP. Total Segment Operating Margin is Total Segment Operating Income divided by Net Sales as determined in accordance with U.S. GAAP. Management believes that Total Segment Operating Income and Margin are useful because they represent the aggregate value of income created by the company's SBUs and exclude items not directly related to the SBUs for performance evaluation purposes. The most directly comparable U.S. GAAP financial measures to Total Segment Operating Income and Margin are Goodyear Net Income (Loss) and Return on Net Sales (which is calculated by dividing Goodyear Net Income (Loss) by Net Sales).

Adjusted Net Income (Loss) is Goodyear Net Income (Loss) as determined in accordance with U.S. GAAP adjusted for certain significant items. Adjusted Diluted Earnings Per Share (EPS) is the company's Adjusted Net Income (Loss) divided by Weighted Average Shares Outstanding-Diluted as determined in accordance with U.S. GAAP. Management believes that Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share (EPS) are useful because they represent how management reviews the operating results of the company excluding the impacts of rationalizations, asset write-offs, accelerated depreciation, impairments, asset sales and certain other significant items.

It should be noted that other companies may calculate similarly-titled non-GAAP financial measures differently and, as a result, the measures presented herein may not be comparable to such similarly-titled measures reported by other companies. See the following tables for reconciliations of historical Total Segment Operating Income and Margin, Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share to the most directly comparable U.S. GAAP financial measures.

The Goodyear Tire & Rubber Company and Subsidiaries

Financial Tables (Unaudited)

Table 1: Consolidated Statements of Operations

Three Months Ended

March 31,

(In millions, except per share amounts)

2026

2025

Net Sales

$ 3,881

$ 4,253

Cost of Goods Sold

3,188

3,513

Selling, Administrative and General Expense

668

650

Rationalizations

104

81

Interest Expense

95

115

Other (Income) Expense

9

25

Net (Gain) Loss on Asset Sales

(3)

(262)

Income (Loss) before Income Taxes

(180)

131

United States and Foreign Tax Expense

66

13

Net Income (Loss)

(246)

118

Less: Minority Shareholders' Net Income (Loss)

3

3

Goodyear Net Income (Loss)

$  (249)

$   115

Goodyear Net Income (Loss) — Per Share of Common Stock

Basic

$ (0.86)

$  0.40

Weighted Average Shares Outstanding

288

287

Diluted

$ (0.86)

$  0.40

Weighted Average Shares Outstanding

288

289

Table 2: Consolidated Balance Sheets

March 31,

December 31,

(In millions, except share data)

2026

2025

Assets:

Current Assets:

     Cash and Cash Equivalents

$             723

$             801

Accounts Receivable, less Allowance — $84 ($89 in 2025)

2,602

2,341

     Inventories:

          Raw Materials

606

616

          Work in Process

202

195

          Finished Products

3,055

2,761

3,863

3,572

     Assets Held for Sale

6

58

     Prepaid Expenses and Other Current Assets

452

446

          Total Current Assets

7,646

7,218

Goodwill

43

42

Intangible Assets

658

663

Deferred Income Taxes

345

348

Other Assets

1,101

1,096

Operating Lease Right-of-Use Assets

987

998

Property, Plant and Equipment, less Accumulated Depreciation — $12,486 ($12,390 in 2025)

7,689

7,843

          Total Assets

$          18,469

$           18,208

Liabilities:

Current Liabilities:

     Accounts Payable — Trade

$            3,754

$            3,879

     Compensation and Benefits

559

578

     Other Current Liabilities

1,134

1,259

     Notes Payable and Overdrafts

483

506

     Operating Lease Liabilities due Within One Year

199

196

     Long Term Debt and Finance Leases due Within One Year

1,226

364

          Total Current Liabilities

7,355

6,782

     Operating Lease Liabilities

848

862

     Long Term Debt and Finance Leases

5,276

5,328

     Compensation and Benefits

763

787

     Deferred Income Taxes

102

105

     Other Long Term Liabilities

951

941

          Total Liabilities

15,295

14,805

Commitments and Contingent Liabilities

Shareholders' Equity:

Goodyear Shareholders' Equity:

     Common Stock, no par value:

Authorized, 450 million shares, Outstanding shares — 287 million in 2026 (286 million in 2025)

287

286

     Capital Surplus

3,175

3,175

     Retained Earnings

3,111

3,360

     Accumulated Other Comprehensive Loss

(3,569)

(3,588)

          Goodyear Shareholders' Equity

3,004

3,233

Minority Shareholders' Equity — Nonredeemable

170

170

          Total Shareholders' Equity

3,174

3,403

          Total Liabilities and Shareholders' Equity

$          18,469

$           18,208

Table 3: Consolidated Statements of Cash Flows

Three Months Ended

March 31,

(In millions)

2026

2025

Cash Flows from Operating Activities:

Net Income (Loss)

$            (246)

$             118

     Adjustments to Reconcile Net Income (Loss)  to Cash Flows from Operating Activities:

          Depreciation and Amortization

239

270

          Amortization and Write-Off of Debt Issuance Costs

3

6

          Provision for Deferred Income Taxes

(2)

(31)

          Net Pension Curtailments and Settlements

—

4

          Net Rationalization Charges

104

81

          Rationalization Payments

(83)

(65)

          Net (Gain) Loss on Asset Sales

(3)

(262)

          Operating Lease Expense

74

78

          Operating Lease Payments

(69)

(71)

          Pension Contributions and Direct Payments

(10)

(41)

     Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:

          Accounts Receivable

(275)

(431)

          Inventories

(294)

(365)

          Accounts Payable — Trade

(81)

46

          Compensation and Benefits

(8)

(28)

          Other Current Liabilities

(77)

95

          Other Assets and Liabilities

10

58

     Total Cash Flows from Operating Activities

(718)

(538)

Cash Flows from Investing Activities:

          Capital Expenditures

(175)

(259)

          Asset Dispositions

1

720

          Other Transactions

—

(29)

     Total Cash Flows from Investing Activities

(174)

432

Cash Flows from Financing Activities:

          Short Term Debt and Overdrafts Incurred

225

409

          Short Term Debt and Overdrafts Paid

(245)

(535)

          Long Term Debt Incurred

2,220

5,951

          Long Term Debt Paid

(1,393)

(5,627)

          Other Transactions

13

13

     Total Cash Flows from Financing Activities

820

211

Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash

3

9

     Net Change in Cash, Cash Equivalents and Restricted Cash

(69)

114

Cash, Cash Equivalents and Restricted Cash at Beginning of the Period

910

864

     Cash, Cash Equivalents and Restricted Cash at End of the Period

$             841

$             978

Table 4: Reconciliation of Segment Operating Income & Margin

Three Months Ended

March 31,

(In millions)

2026

2025

Total Segment Operating Income

$     95

$   195

     Less:

          Rationalizations

104

81

          Interest Expense

95

115

          Other (Income) Expense

9

25

          Net (Gain) Loss on Asset Sales

(3)

(262)

          Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net

16

46

          Corporate Incentive Compensation Plans

23

16

          Retained Expenses of Divested Operations

3

5

          Other

28

38

Income (Loss) before Income Taxes

$  (180)

$   131

United States and Foreign Tax Expense

66

13

Less: Minority Shareholders' Net Income (Loss)

3

3

Goodyear Net Income (Loss)

$  (249)

$   115

Net Sales

$  3,881

$  4,253

Return on Net Sales

(6.4) %

2.7 %

Total Segment Operating Margin

2.4 %

4.6 %

Table 5: Reconciliation of Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share

First Quarter 2026

(In millions, except per share amounts)

As Reported

Rationalizations,
Asset Write-offs,
Accelerated
Depreciation and
Leases

Indirect Tax
Settlements and
Discrete Tax Items

Asset and
Other Sales

As Adjusted

Net Sales

$    3,881

$             —

$               —

$         —

$        3,881

Cost of Goods Sold

3,188

(16)

(8)

—

3,164

Gross Margin

693

16

8

—

717

SAG

668

—

—

—

668

Rationalizations

104

(104)

—

—

—

Interest Expense

95

—

—

—

95

Other (Income) Expense

9

—

—

—

9

Net (Gain) Loss on Asset Sales

(3)

—

—

3

—

Pre-tax Income (Loss)

(180)

120

8

(3)

(55)

Taxes

66

8

(21)

—

53

Minority Interest

3

1

—

—

4

Goodyear Net Income (Loss)

$     (249)

$            111

$               29

$         (3)

$         (112)

EPS

$     (0.86)

$           0.38

$             0.10

$      (0.01)

$         (0.39)

First Quarter 2025 

(In millions, except per share amounts)

As
Reported

Rationalizations,
Asset Write-offs,
Accelerated
Depreciation
and Leases

Goodyear
Forward
Costs

Pension
Settlement
Charges
(Credits)

Asset and
Other Sales

As
Adjusted

Net Sales

$  4,253

$            —

$         —

$        —

$        —

$   4,253

Cost of Goods Sold

3,513

(43)

—

—

—

3,470

Gross Margin

740

43

—

—

—

783

SAG

650

(3)

(2)

—

—

645

Rationalizations

81

(81)

—

—

—

—

Interest Expense

115

—

—

—

—

115

Other (Income) Expense

25

—

(5)

(4)

—

16

Net (Gain) Loss on Asset Sales

(262)

—

—

—

262

—

Pre-tax Income (Loss)

131

127

7

4

(262)

7

Taxes

13

23

2

1

(25)

14

Minority Interest

3

1

—

—

—

4

Goodyear Net Income (Loss)

$    115

$           103

$          5

$         3

$     (237)

$     (11)

EPS

$    0.40

$          0.36

$       0.02

$      0.01

$     (0.83)

$    (0.04)

SOURCE The Goodyear Tire & Rubber Company

For the quarter ended March 2026, Goodyear (GT - Free Report) reported revenue of $3.88 billion, down 8.8% over the same period last year. EPS came in at -$0.39, compared to -$0.04 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $3.86 billion, representing a surprise of +0.49%. The company delivered an EPS surprise of +19.72%, with the consensus EPS estimate being -$0.49.

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 Goodyear performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Tire units - Americas: 15.3 million versus the two-analyst average estimate of 15.92 million.Tire units - Asia Pacific Tire: 7.5 million versus 7.37 million estimated by two analysts on average.Tire units - Europe Middle East and Africa Tire: 11.2 million compared to the 11.26 million average estimate based on two analysts.Tire units - Total: 34 million compared to the 34.55 million average estimate based on two analysts.Net Sales- Americas: $2.06 billion versus the two-analyst average estimate of $2.19 billion.Net Sales- Asia Pacific: $455 million compared to the $419.12 million average estimate based on two analysts.Net Sales- Europe, Middle East and Africa: $1.36 billion versus $1.24 billion estimated by two analysts on average.View all Key Company Metrics for Goodyear here>>>

Shares of Goodyear have returned +5.7% over the past month versus the Zacks S&P 500 composite's +10.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Key Takeaways Goodyear posted a narrower Q1 loss as tariff benefits and cost savings offset weaker demand.GT Americas sales fell 17.5% as weak replacement demand and destocking hurt tire volumes.GT raised its 2026 Goodyear Forward savings target to about $325 million amid cost pressure. The Goodyear Tire & Rubber Company (GT - Free Report) incurred an adjusted loss of 39 cents per share in the first quarter of 2026, narrower than the Zacks Consensus Estimate of a loss of 49 cents. The company delivered a 19.72% earnings surprise, though the figure deteriorated from the year-ago quarter’s adjusted loss of 4 cents per share.

Net sales were $3.88 billion, down 8.8% year over year but slightly above the Zacks Consensus Estimate of $3.86 billion, representing a 0.49% revenue surprise.

Tire unit volumes fell 11.6% to 34 million, reflecting weaker demand and lower shipments to customers.

GT Segment Profit Slips on Volume & CostsTotal segment operating income fell to $95 million from $195 million a year ago due to weaker demand and higher costs. The company faced pressure from lower sales volumes and inflation-related expenses, though some of the impact was offset by price increases and better operational execution.

The quarter was supported by a $46 million IEEPA tariff-related benefit and $107 million in savings from the Goodyear Forward program. Better pricing and product mix relative to raw material costs also helped, but these gains were not enough to fully offset the impact of weaker sales volumes and higher overall costs.

Goodyear Americas Weakness Offsets Mix GainsGT’s Americas segment reported net sales of $2.06 billion, down 17.5% year over year, while tire unit volumes declined 17% to 15.3 million. Results were hurt by weaker consumer replacement demand, channel destocking, tougher competition and the planned reduction of lower-tier products.

Segment operating income in the region fell to $37 million from $155 million a year ago, while margin narrowed to 1.8% from 6.2%. Profitability was hurt by weaker market conditions and higher costs, with savings from the Goodyear Forward program and pricing actions only partially offsetting the pressure.

GT EMEA Improves on Pricing and Currency BenefitsGoodyear’s EMEA business performed relatively better, with sales rising 6.7% year over year to $1.36 billion even though tire volumes fell 8.5% to 11.2 million units. Higher prices, a better product mix and favorable currency impact helped offset weak market demand and lower sales of lower-tier products.

Segment operating income improved to $1 million from a loss of $5 million a year ago, lifting margin to 0.1% from negative 0.4%. The region also continued to gain market share in original equipment, supporting a better product mix despite uneven demand conditions.

Goodyear Asia Pacific Delivers Margin ExpansionGoodyear’s Asia Pacific business generated net sales of $455 million, down 4% year over year, as tire units dipped 3.8% to 7.5 million. The company said weaker demand from automakers in China hurt results, especially after government incentives were reduced.

Even with softer volume, segment operating income increased to $57 million from $45 million, and margin expanded to 12.5% from 9.5%. The improvement was driven by strong demand for premium products, better pricing relative to raw material costs, and savings from the Goodyear Forward program in the region.

GT Cash Usage Rises Amid Working Capital SwingsSelling, general & administrative expenses increased to $668 million from $650 million in the year-ago period.

Goodyear had cash and cash equivalents of $723 million as of March 31, 2026, down from $801 million reported as of Dec. 31, 2025.

Operating cash flow was negative at $718 million as of March 31, 2026, compared to negative $538 million recorded as of March 31, 2025, mainly due to weaker earnings and higher working capital requirements during the quarter.

Long-term debt and finance leases amounted to $5.28 billion as of March 31, 2026, down from $5.33 billion as of Dec. 31, 2025.

Capital expenditure for first-quarter 2026 was $175 million, down from $259 million reported as of March 31, 2025.

The company’s liquidity position remains under pressure as the first quarter typically uses significant cash and Goodyear continues to spend on restructuring and investments.

Goodyear Outlook Calls for Forward BenefitsGoodyear is relying on cost cuts and a better product mix to deal with weak demand and changing costs. The company expects about $90 million in savings from the Goodyear Forward program in the second quarter of 2026 and increased its full-year 2026 savings target to around $325 million.

For the second quarter of 2026, Goodyear expects about $50 million in benefits from pricing and product mix and around $100 million in raw material savings, though these gains are expected to be offset by roughly $200 million in higher inflation, tariffs, and other costs.

For full-year 2026, the company expects capital spending of about $725 million (previous estimate: $825 million). Interest expense is expected to be around $425 million. Depreciation and amortization are expected to be approximately $915 million.

GT currently has a Zacks Rank #5 (Strong Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Releases From Auto SpaceAutoliv, Inc. (ALV - Free Report) reported first-quarter 2026 results on April 17. It posted adjusted earnings of $2.05 per share, which declined 4.7% year over year but surpassed the Zacks Consensus Estimate of $1.77 by 15.8%. Net sales were $2.75 billion, up 6.8% from the year-ago quarter’s level. The figure beat the Zacks Consensus Estimate of $2.63 billion by 4.52%.

Autoliv ended the quarter with cash and cash equivalents of $342 million compared with $322 million a year earlier. Long-term debt was $1.7 billion compared with $1.56 billion in the year- ago period. Shareholder returns continued through dividends. Autoliv paid a cash dividend of 87 cents per share in the quarter, with total dividend payments of $65 million.

Genuine Parts Company (GPC - Free Report)  reported its first-quarter 2026 results on April 21. It posted adjusted earnings of $1.77 per share, which missed the Zacks Consensus Estimate of $1.81 by 1.94%. The bottom line improved 1.1% from the year-ago quarter’s adjusted earnings of $1.75 per share.

The company posted revenues of $6.27 billion, which beat the Zacks Consensus Estimate of $6.17 billion by 1.5% and increased 6.8% year over year. The performance was driven by solid sales growth across business segments and a 20-basis-point improvement in gross margin to 37.3%.

GPC’s total liquidity was $1.3 billion as of March 31, 2026, including $500 million in cash and $838 million of revolver capacity. During the quarter, GPC invested $98 million in capex and $14 million in acquisitions while returning $142 million to shareholders via dividends. For 2026, the company targets $450-$500 million in capex and $300-$350 million in M&A, with approximately 7.5 million shares remaining under its repurchase authorization.