Conagra pro fiskální rok 2027 čeká pokles organických čistých tržeb o 1 % až 3 % a zisk na akcii 1,40 až 1,50 USD. Firma zároveň snížila dividendu o 50 % a uvolní tak asi 335 milionů USD ročně.
Key Takeaways Conagra expects sales to fall 1%-3%, with EPS of $1.40-$1.50 and margins of 10%-10.5%.CAG's price hikes may aid margins, but frozen-food elasticity could deepen mid-single-digit volume declines. Conagra cut its dividend 50%, freeing $335 million yearly for debt, brands and supply-chain upgrades. Conagra Brands, Inc. (CAG - Free Report) is entering fiscal 2027 with a plan to raise prices while input costs remain elevated. The strategy is designed to protect profitability after inflation and volume-focused investments compressed margins.
The key test is whether pricing can stabilize earnings without driving a sharper decline in unit demand, especially in frozen foods where management expects unusually high elasticity.
Image Source: Zacks Investment Research
Conagra Enters Fiscal 2027 With Lower TargetsConagra expects fiscal 2027 organic net sales to decline 1%-3%. Adjusted operating margin is projected at 10%-10.5%, while adjusted earnings are forecast at $1.40-$1.50 per share.
Those targets mark a reset from fiscal 2026, when adjusted operating margin was 11.3% and adjusted earnings were $1.72 per share. The outlook shows that pricing and productivity are unlikely to fully offset inflation, investment spending and weaker volumes in the near term.
CAG’s Pricing Push Raises Elasticity RiskManagement is shifting toward profitable growth after concluding that its earlier emphasis on volume came at too high a cost to margins. Strategic, inflation-justified pricing will focus heavily on frozen products, where profitability has faced the most pressure.
The trade-off is demand. Conagra expects volumes to fall at a mid-single-digit rate and has assumed larger-than-historical elasticities in frozen. Higher prices may support price/mix, but they could also reduce household purchases and weaken retailer movement before brand investments gain traction.
Inflation Keeps Conagra’s Margins Under StrainFourth-quarter inflation, including core inflation and gross tariffs, was about 6.5%. Beef, edible oils, crude oil and logistics remained key cost pressures, while lower internal production volumes created unfavorable operating leverage.
Fiscal 2027 guidance assumes inflation, including the tariff wrap, of roughly 5%-6%. Conagra also expects about $40 million of expense tied to prior tariff mitigation. Oil, logistics and tariff pressure should be heavier in the first quarter, when adjusted operating margin is expected in the high single digits.
Image Source: Zacks Investment Research
CAG’s Dividend Cut Supports Cash PreservationConagra reduced its annualized dividend 50% to 70 cents per share. The move is expected to generate about $335 million of additional discretionary cash each year for debt reduction, brand support and supply-chain modernization.
Cash preservation matters because capital expenditures are projected to rise to about $550 million from $423 million in fiscal 2026. Net leverage ended fiscal 2026 at 3.83 times and is expected near four times in fiscal 2027, limiting flexibility despite the lower payout.
Conagra’s Better Categories Could Cushion the ResetFrozen consumption volume increased 3% in the fourth quarter, while snacks dollar consumption rose 1.9%. Volume-share gains in frozen meals, frozen vegetables and meat snacks indicate that parts of the portfolio can still respond to innovation and merchandising support.
Conagra plans to raise advertising and promotion spending 14%, with frozen meals and meat snacks among the priorities. General Mills, Inc. (GIS - Free Report) is likewise investing to improve brand relevance and organic growth, while The Kraft Heinz Company (KHC - Free Report) continues to reshape operations around growth priorities. That industry backdrop raises the execution bar for Conagra.
CAG’s Weak Rank Offsets Solid Style ScoresPricing may ease some margin pressure, but the fiscal 2027 reset leaves limited room for execution errors. Volume sensitivity, persistent inflation and elevated leverage support a cautious view until profitability begins to stabilize.
CAG currently carries a Zacks Rank #5 (Strong Sell), reflecting unfavorable near-term earnings estimate revisions. Its Value Score of B, Growth Score of B and VGM Score of B provide some support, but the Momentum Score of C and the weak rank remain more important for near-term timing. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Planet Fitness čeká ve 2. čtvrtletí EPS 85 centů, tedy pokles o 1,2 % meziročně, zatímco tržby mají vzrůst o 4,4 % na 355,8 mil. USD. Výsledky mohou tlumit slabší přírůstky členů a pauza ve zvyšování ceny Black Card.
Key Takeaways PLNT's Q2 EPS is projected to decline 1.2% YoY to 85 cents, while revenues are seen up 4.4% to $355.8M.PLNT may benefit from replacement equipment sales, new clubs and a favorable Black Card membership mix.Softer member joins, elevated attrition and the Black Card price pause may weigh on Q2 results. Planet Fitness, Inc. (PLNT - Free Report) is scheduled to report second-quarter 2026 results on Aug. 6.
PLNT’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 10.6%.
Trend in Estimate Revision of PLNTThe Zacks Consensus Estimate for second-quarter earnings per share (EPS) is pegged at 85 cents, indicating a fall of 1.2% from 86 cents reported in the year-ago quarter.
For revenues, the consensus mark is pegged at nearly $355.8 million, suggesting growth of 4.4% from the prior-year quarter’s figure.
Let's look at how things have shaped up in the quarter.
Factors Likely to Shape PLNT’s Quarterly ResultsPlanet Fitness’ second-quarter performance is likely to have benefited from existing membership pricing, a favorable Black Card mix, recently opened clubs and replacement equipment sales. This and contributions from the corporate clubs are likely to have aided the company’s top line in the quarter to be reported. The Zacks Consensus Estimate for corporate-owned club revenues is pegged at $146.1 million compared with $138.9 million reported in the prior-year quarter.
Emphasis on equipment mix is likely to have aided the company’s performance in the second quarter. Planet Fitness expects the quarter to account for approximately 30% of its full-year replacement equipment revenues. Continued re-equipment demand across the franchise system is likely to have supported quarterly performance.
However, softer join trends, continued attrition pressure and the decision to pause the nationwide Black Card price increase are likely to have weighed on quarterly performance. Member joins remained below expectations through March and early April, while monthly attrition is expected to remain in the upper half of 3-4% range.
Competitive pressure in the South Central and Southeast regions, along with financial strain among lower-income consumers, may have presented additional challenges. The absence of the planned Black Card price increase and weaker net member growth are likely to have constrained same-club sales growth in the quarter under review.
What Our Model Says About PLNT StockOur proven model does not conclusively predict an earnings beat for Planet Fitness this time. A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat earnings. However, that's not the case here.
PLNT’s Earnings ESP: Planet Fitness has an Earnings ESP of +1.36 %. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Planet Fitness’ Zacks Rank: The company currently has a Zacks Rank #4 (Sell).
Stocks Poised to Beat on EarningsFUN’s earnings for the to-be-reported quarter are expected to increase 11.5%. FUN’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed on two occasions, the average surprise being 48.9%.
Marriott Vacations Worldwide Corporation (VAC - Free Report) currently has an Earnings ESP of +5.26% and a Zacks Rank of 2.
Marriott Vacations’ earnings for the to-be-reported quarter are expected to increase 1%. VAC reported better-than-expected earnings in three of the trailing four quarters and missed on one occasion, the average surprise being 0.7%.
Expedia Group, Inc. (EXPE - Free Report) currently has an Earnings ESP of +2.52% and a Zacks Rank of 3.
In the to-be-reported quarter, Expedia’s earnings are expected to surge 28.5%. Expedia’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 13.9%.
Werner Enterprises zlepšuje výhled ziskovosti díky vyššímu využití vozového parku, silnějším cenám a úsporám z FirstFleet. Logistika zůstává ve ztrátě a valuace je nadprůměrná.
Key Takeaways WERN's earnings outlook is improving as utilization and FirstFleet savings strengthen truckload. WERN's Dedicated fleet was 80% of truckload assets and retained more than 95% of customers. Werner expects over $7M in 2026 FirstFleet savings, but Logistics losses & premium valuation add risk Werner Enterprises (WERN - Free Report) is showing clearer signs of an earnings recovery as pricing, asset utilization and FirstFleet savings strengthen its truckload operations. The improvement has helped rebuild confidence after a difficult freight cycle.
The decision is less straightforward at the current valuation. Logistics remains unprofitable, driver availability is limiting fleet growth and acquisition-related debt keeps execution risk elevated.
Werner’s Earnings Outlook Is StrengtheningThe earnings trajectory is moving in the right direction. Consensus projections call for adjusted earnings per share to move from a loss in 2025 to positive results in 2026 and 2027, reflecting better expectations for the truckload business.
Recent estimate increases add support to that outlook. Dedicated pricing has improved, One-Way revenue per total mile rose 10.4% in the second quarter and restructuring has helped Werner select freight more carefully and use equipment more efficiently.
WERN’s Dedicated Business Adds StabilityDedicated accounted for 80% of Werner’s truckload fleet at the end of the second quarter. The business retained more than 95% of customers, while higher revenue per truck and healthy contract renewals supported earnings visibility.
FirstFleet expanded the Dedicated fleet and increased Werner’s scale in a relatively stable part of trucking. J.B. Hunt Transport Services (JBHT - Free Report) , which also operates a large Dedicated Contract Services business, reported second-quarter 2026 segment revenue and operating income growth of 9%, underscoring the relative resilience of dedicated operations.
Werner’s Risks Could Delay the UpsideWerner Logistics remains a drag. Its adjusted operating margin was negative 1.3% in the second quarter because purchased transportation costs increased faster than customer contracts could be repriced.
Driver availability creates another constraint. Management reduced its 2026 truck-growth forecast, which could delay rebuilding the One-Way fleet and increase recruiting costs. Knight-Swift Transportation Holdings (KNX - Free Report) , one of North America’s largest diversified freight carriers, also competes across truckload and logistics markets where driver supply and freight selection influence returns.
WERN’s Premium Multiple Raises the BarWERN trades above its five-year median forward earnings multiple and at a premium to the broader transportation sector. That valuation assumes the earnings recovery will continue and leaves less room for delays.
Further upside may require sustained truckload margin expansion, successful Logistics repricing and continued FirstFleet savings. Werner generated more than $3 million of FirstFleet-related savings in the first half of 2026 and expects more than $7 million for the full year, but its longer-term $18 million synergy target still depends on execution.
Werner’s Ratings Support a Patient StanceWerner’s operating progress supports a more constructive view, but the premium valuation, Logistics losses, driver constraints and elevated debt argue against treating the recovery as complete. The stock may be better suited to investors willing to monitor execution rather than chase the rebound.
WERN currently carries a Zacks Rank #3 (Hold). It also has a Growth Score of A, Momentum Score of A, Value Score of B and VGM Score of A, indicating favorable growth and momentum characteristics with reasonably supportive value traits.
The Style Scores complement the Zacks Rank rather than replace it. A Hold ranking can support maintaining an existing position, but it does not provide the stronger near-term signal associated with a Zacks Rank #1 (Strong Buy) or #2 (Buy). For new investors, clearer Logistics improvement or a more attractive entry valuation would strengthen the case.
Currently, WERN carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Reddit rozšiřuje AI nástroje pro moderaci, aby omezil spam a usnadnil novým uživatelům přispívání. Současně chce snížit důraz na karmu a stáří účtu při rozhodování, kdo může psát.
Reddit on Wednesday announced a series of changes to its infrastructure and tools, designed to make it easier for people to participate on its site, protect against scraping and spam, and aid in the moderation of its online communities. In addition to providing a new suite of moderation tools, the company said it’s working on more advanced abuse prevention systems that could eventually help communities move away from using things like account age and “karma” to determine who’s allowed to post.
Karma, Reddit’s digital reputation system, allows users to raise their score by posting and commenting helpful, friendly, or funny responses that lead to upvotes. Originally designed to weed out spam, bots, and trolls, many communities came to rely on karma and other account-age restrictions that make it difficult for legitimate newcomers to participate in their communities. Reddit says it now wants to shift to stronger, built-in abuse prevention systems to do more of the moderation work, so communities can be more open to new users.
Reddit didn’t say karma would go away entirely with these coming changes, but it did suggest that its importance could dwindle in the future.
“This will make it easier for genuine new users to participate and easier for mods to welcome them with confidence,” Reddit’s announcement stated.
Related to this, the company said it’s expanding the test of its new suite of AI-powered moderation tools, the Rules Hub, which helps moderators by choosing when to automatically enforce certain community rules and what action should be taken when doing so. Initially used by 700-plus communities, Reddit says that all new communities can now test the tool. Later this year, the tool will be widely available to all communities, both new and existing.
With Rules Hub, Reddit uses large language models (LLMs) to determine whether a post or comment matches the intent of a rule, which the company says allows it to “better handle nuance,” natural language, and edge cases.
Reddit also expanded the capabilities of other tools, including one that helps moderators inform users about their community’s rules when posting and commenting, and another that helps members set their flair — a custom tag users append to their name that only appears in the community they’re posting in.
“Today, new users can encounter invisible barriers like account age and karma thresholds, unclear removals, and poor community discovery,” Reddit explained. “We want new users around the world to be able to easily find relevant communities, understand their rules and norms, and make useful contributions.”
The company also said it would make changes to its legacy desktop site, Old Reddit, by shifting its moderator workflows to its new stack and migrating other critical bots.
On Reddit’s second-quarter earnings calls with investors last week, company executives stressed that one of Reddit’s near-term goals was to convert its half-billion weekly active users to daily users through product updates. The company had crushed earnings with revenue of $805 million and earnings per share of $1.25, above estimates, but still saw its stock sink because of what Reddit CEO Steve Huffman described as “choppy” search referral traffic.
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Hut 8 vykázala tržby 75 milionů USD, pod konsensem 77 milionů USD, ale upravená EBITDA byla 10 milionů USD, nad očekáváním 2 milionů USD. Analytici zároveň upozornili na nejistotu kolem termínu Beacon Point.
Needham: Hut 8 reported revenues of $75 million, missing consensus of $77 million, and adjusted EBITDA of $10 million, surpassing expectations of $2 million, Todaro said in a note.
The company signed the second phase at Beacon Point in the second quarter, with the full leased capacity representing a little over 700MW (megawatt) of critical IT load, he added.
Due to audit requests in Texas, "the timeline on Beacon Point becomes a bit murkier," although management indicated energization in the first quarter and site delivery in the third quarter of 2027, the analyst stated. There is likely "some political posturing" to the audit, which suggests that it could take until after the November elections "to get clarity," he further wrote.
Rosenblatt Securities: As Hut 8 announced an impressive second HPC (high-performance computing) contract at its Beacon Point a couple of weeks back, the second-quarter results were "largely uneventful," Brendler said.
The company’s earnings will be driven by its legacy Bitcoin mining business and will be "largely irrelevant" until the HPC contracts begin in mid-2027, he added.
HUT Price Action: Shares of Hut 8 had declined by 4.76% to $96.35 at the time of publication on Wednesday.
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Healthpeak Properties zveřejnila výsledky za 2. čtvrtletí 2026 na konferenčním hovoru. V úvodu připomněla i použití forward-looking prohlášení a ne-GAAP ukazatelů.
Healthpeak Properties, Inc. (DOC) Q2 2026 Earnings Call August 5, 2026 10:00 AM EDT
Company Participants
Andrew Johns - Senior Vice President of Investor Relations
Scott Brinker - President, CEO & Director
Kelvin Moses - Chief Financial Officer
Scott Bohn - Chief Development Officer & Head of Lab
Conference Call Participants
Ronald Kamdem - Morgan Stanley, Research Division
Juan Sanabria - BMO Capital Markets Equity Research
William John Kilichowski - Wells Fargo Securities, LLC, Research Division
Austin Wurschmidt - KeyBanc Capital Markets Inc., Research Division
Seth Bergey - Citigroup Inc., Research Division
Connor Mitchell - UBS Investment Bank, Research Division
Richard Anderson - Cantor Fitzgerald & Co., Research Division
Richard Hightower - Barclays Bank PLC, Research Division
Farrell Granath - BofA Securities, Research Division
Michael Carroll - RBC Capital Markets, Research Division
Michael Stroyeck - Green Street Advisors, LLC, Research Division
Michael Mueller - JPMorgan Chase & Co, Research Division
Presentation
Operator
Good morning, and welcome to the Healthpeak Properties, Inc. Second Quarter 2026 Conference Call. [Operator Instructions] Please note, this event is being recorded.
I would now like to turn the conference over to Andrew Johns, Senior Vice President, Investor Relations. Please go ahead.
Andrew Johns
Senior Vice President of Investor Relations
Welcome. Today's conference call contains certain forward-looking statements. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, these statements are subject to risks and uncertainties that may cause actual results to differ materially from our expectations. A discussion of risk and risk factors is included in our press release and detailed in our filings with the SEC. We do not undertake a duty to update any forward-looking statements. Certain non-GAAP measures will be discussed on this call. In an 8-K that we filed with SEC yesterday, we have reconciled all non-GAAP financial measures to the most directly comparable GAAP measures in accordance with regulatory requirements. The exhibit is also available on our
Equinor za měsíc přidal 22,2 %, protože se mu výrazně zlepšily výsledky, produkce i obchodování. Ve 2. čtvrtletí upravený EPS vyskočil o 107,8 % na 1,33 USD a tržby vzrostly o 40 % na 35,18 mld. USD.
Key Takeaways Equinor gained 22.2% in a month as earnings rebounded, production rose and trading strengthened.Second-quarter adjusted EPS jumped 107.8%, as revenues rose 40% and operating income climbed 76%.A 9.4X forward multiple and lower 2027 earnings and sales estimates leave less room for setbacks. Equinor ASA (EQNR - Free Report) shares have gained 22.2% in the past month, putting the rally’s durability at center stage. The advance has coincided with a sharp earnings rebound, higher production and stronger trading contributions.
The operating recovery is meaningful, but expectations have also risen. A valuation above historical and sub-industry levels, together with lower 2027 consensus estimates, leaves less room for commodity, execution or cash-flow setbacks.
EQNR’s Earnings Rebound Supports the RallySecond-quarter 2026 adjusted earnings reached $1.33 per share, up 107.8% from 64 cents a year earlier. Revenues increased 40% to $35.18 billion, while adjusted operating income rose 76% to $11.48 billion.
The quarter was not flawless. Earnings missed the Zacks Consensus Estimate, although revenues edged past the consensus mark. Higher liquids and European gas prices, production growth and trading performance still provided broad support for the year-over-year improvement.
Equinor Production Growth Adds Operating SupportEquity oil and gas production rose 3% to 2,165 thousand barrels of oil equivalent per day. Norwegian Continental Shelf output increased 4%, helped by new fields, new wells and better-than-planned performance from Johan Sverdrup.
First-half production increased 6%, making Equinor’s roughly 3% full-year growth guidance more dependable. Planned third-quarter turnarounds and the temporary Johan Castberg outage remain offsets, but management retained its 2026 outlook.
EQNR Trading Strength Broadens the Cash-Flow MixMarketing, Midstream & Processing generated $777 million in adjusted operating income, up from $337 million a year earlier and well above normal-quarter guidance of about $400 million. Crude trading, shipping optimization, refining and liquefied natural gas trading all contributed.
Shell plc (SHEL - Free Report) also cited broad operational strength across its businesses in second-quarter 2026. BP p.l.c. (BP - Free Report) reported stronger refining and customer results, showing why integrated portfolios can supplement upstream earnings when market conditions shift.
Equinor’s Valuation Leaves Less Room for ErrorEQNR trades at 9.4X forward 12-month earnings, above its five-year median of 7.7X and the Zacks sub-industry’s 9.3X. The premium is modest against the peer group but wider against Equinor’s own trading history.
That setup narrows the cushion if commodity prices weaken, trading results normalize or projects slip. The recent share-price move therefore places more weight on continued operating delivery rather than valuation expansion alone.
EQNR’s 2027 Estimates Test Rally DurabilityThe Zacks Consensus Estimate points to 2027 earnings of $3.75 per share, down from $4.93 in 2026. Consensus sales are projected to decline to $105.13 billion from $120.28 billion.
Growth normalization could make safety, tax timing and project execution more influential. Serious incident frequency remained above the 2025 level, Norwegian tax installments can make quarterly cash conversion uneven and the larger project pipeline raises delivery demands.
Image Source: Zacks Investment Research
EQNR’s Strong Scores Meet a Hold SignalThe bottom line is balanced. Equinor’s earnings, production and trading results support the recent recovery, but valuation and lower 2027 estimates reduce the margin for disappointment after a 22.2% monthly gain.
EQNR currently carries a Zacks Rank #3 (Hold). Its Value Score of A, Growth Score of A, Momentum Score of B and VGM Score of A are favorable, but Style Scores complement the Zacks Rank rather than replace it. The combination supports holding interest more than chasing the rally without further estimate-revision confirmation.
MoneyPass Group začala fungovat jako nezávislá síť a společnost pro cash infrastrukturu po uzavření společného podniku Bridgeport Partners a Fiserv. Provozuje více než 37 000 ATM a slouží více než 160 milionům držitelů karet.
NEW YORK, Aug. 05, 2026 (GLOBE NEWSWIRE) -- MoneyPass Group today began operating as an independent company following the close of the previously announced joint venture between Bridgeport Partners, a specialist private equity firm focused on financial technology, and Fiserv, Inc. (NASDAQ: FISV), a global leader uniting commerce and finance. The new company brings together the MoneyPass Network, ATM Managed Services and Cash Intelligence businesses to provide ATM and cash management services to financial institutions, fintechs, ATM operators, and merchants across the United States.
MoneyPass Group is a network and cash infrastructure company helping clients manage cash access, ATM operations and surcharge-free ATM connectivity at national scale. The company operates one of the nation’s largest surcharge-free ATM networks, spanning more than 37,000 ATM locations and serving more than 160 million cardholders.
MoneyPass Group is led by Chief Executive Officer Erik Wichita, who brings 30 years of leadership at Fiserv, with Don Layden, Executive Partner at Bridgeport Partners and a payments and ATM veteran, serving as Executive Chairman.
"Today MoneyPass Group stands on its own, with the scale of a market leader, the focus of an independent company and the support of both Bridgeport Partners and Fiserv," said Wichita. "We are focused on investing in the products and people to make us faster, more agile and even more valuable to the financial institutions we serve, while delivering the reliability, security and service that their customers depend on every day."
Bridgeport Partners holds a 51% controlling ownership stake in MoneyPass Group, bringing focused leadership, deep sector relationships and decades of experience scaling fintech and financial infrastructure businesses. Bridgeport intends to support continued investment in the company’s products, technology and commercial organization. Fiserv holds a 49% ownership stake and will continue to support the company through its technology expertise, industry knowledge, client relationships and referral network.
“MoneyPass Group brings together the network, operating capabilities and software required to manage cash access at national scale,” said Derek Horton, Partner at Bridgeport Partners. “It has the scale Fiserv built, now paired with the focus of a standalone company and the support of both owners. With Erik and Don's leadership, Bridgeport will invest in the products, technology and commercial organization to build on that foundation.”
As part of the transaction, MoneyPass Group and Fiserv have entered into long-term commercial agreements that provide continuity of service for existing clients and give clients of both companies access to a broad range of complementary solutions.
“We are proud of what these businesses have achieved as part of Fiserv and look forward to supporting their continued growth through our ownership stake and long-term commercial relationship,” said Andrew Gelb, Co-Head of Financial Solutions at Fiserv. “MoneyPass Group is well positioned for its next chapter, and clients of both Fiserv and MoneyPass Group will continue to have access to the best of both companies.”
Weil, Gotshal & Manges LLP served as legal counsel to Bridgeport Partners. Foley & Lardner LLP served as legal counsel to Fiserv. Capital One, N.A. provided debt financing in connection with the transaction. FTI Consulting provided carve-out advisory services.
About MoneyPass Group
MoneyPass Group is an independent network and cash infrastructure company serving banks, credit unions, fintechs and ATM operators nationwide. Formed in 2026 from Fiserv’s MoneyPass Network, ATM Managed Services and Cash Intelligence businesses, the company combines one of the nation’s largest surcharge-free ATM networks with end-to-end ATM managed services and enterprise cash management software. MoneyPass Group is majority owned (51%) and managed by Bridgeport Partners, with Fiserv holding a 49% ownership stake. Learn more at moneypassgroup.com.
About Bridgeport Partners
Bridgeport Partners is a specialist private equity firm that partners with founders, management teams and corporate owners of established financial technology companies. The firm’s principals bring more than four decades of collective experience leading, scaling, and investing in banking and payments technology and services. Through deep sector relationships, operational expertise, and access to talent and strategic resources, Bridgeport helps management teams accelerate growth and build differentiated, long-term value. More information can be found at bgptpartners.com.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, is a global leader uniting commerce and finance. The company powers sustained growth and innovation at scale for financial institutions and businesses worldwide across payments, account processing, digital banking, merchant acquiring, network services, e-commerce, and Clover®, the all-in-one business management platform. Fiserv is a member of the S&P 500® Index and one of FORTUNE® America’s Most Innovative Companies. Visit fiserv.com and follow on social media for more information and the latest company news.
SpaceX ve čtvrtletí získala 37,8 % výnosů od dvou zákazníků, což zvýrazňuje rostoucí koncentraci příjmů. Jeden klient tvořil 18,3 % celkových výnosů a druhý 19,5 % výnosů v segmentu AI.
According to the company’s second-quarter filing, one customer accounted for 18.3% of total revenue across all three operating segments. In contrast, a second customer accounted for 19.5% of revenue in the AI segment.
SpaceX Q2 Earnings Release
Together, those customers accounted for the equivalent of 37.8% of the company’s quarterly revenue, although SpaceX did not identify either customer.
The filing also noted that the AI customer was below the 10% reporting threshold a year earlier, suggesting it has become a much more significant contributor to SpaceX’s business over the past year.
SpaceX AI Revenue Depends on a Handful of CustomersThe disclosures underscore both the strength and the concentration of SpaceX’s AI momentum. Landing multi-billion-dollar cloud agreements has accelerated growth, but it also means a relatively small number of customers currently account for a meaningful share of revenue.
Earlier this week, SpaceX disclosed that it had signed $14.1 billion in contracted cloud services agreements, including a previously undisclosed $6.7 billion contract with a single customer, reinforcing how a handful of large AI customers are helping shape the company’s near-term financial performance.
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Meta po výsledcích za 2. čtvrtletí zklamala investory a akcie po zveřejnění výsledků klesly o 8 %. Tržby sice meziročně vzrostly o 28 %, ale zisk na akcii výrazně zaostal a analytici snížili cílové ceny.
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52-Week Range$520.26▼
$796.25Dividend Yield0.36%
P/E Ratio21.98
Price Target$785.32
Meta Platform’s NASDAQ: META Q2 earnings distinctly disappointed investors, as demonstrated by the stock’s 8% fall after the report.
Wall Street analysts did not react well to the report either, with many issuing substantial price target decreases afterward.
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These decreases were also more significant compared to past earnings reports.
However, analysts have not abandoned this Magnificent Seven giant by any stretch of the imagination, with most still pointing to substantial upside going forward.
Meta’s Q2 Report: The Good, the Bad, and the UglyMeta managed to beat sales estimates in Q2, with revenue rising 28% year-over-year (YOY). Despite the beat, there were just a few positive aspects to Meta’s report outside of this.
Meta posted a steep earnings-per-share (EPS) miss, driven largely by legal issues that surfaced earlier in 2026, resulting in a multi-billion-dollar expense. To make matters even worse, the firm had to pay the piper for its recent layoffs, incurring over $1 billion in severance expenses that also put substantial downward pressure on EPS. Although adjusting for these expenses makes Meta’s EPS post look much less disappointing, these are still real costs to the company at the end of the day.
The company indicated that substantial legal expenses could persist in the future, noting that its youth-related legal issues could result in a material loss.
The negatives did not end there. The midpoint of Meta’s revenue guidance also came in below expectations, an outcome that is particularly unfavorable given the firm’s massive AI spending. Additionally, Meta beat sales estimates by the smallest margin among hyperscalers in Q2.
Meta continues to grow at an over 25% year-over-year clip, a strong rate for a company of its size. However, with such drastic AI spending helping drive this growth, markets are not likely to give the firm the benefit of the doubt when key metrics are not up to par. Analyst price targets indicate sell-siders may be reducing how much leeway they are willing to give Meta as well.
Meta Price Targets Take a Big HitThe MarketBeat consensus price target on Meta sits near $790, a figure that implies very significant upside potential of more than 30%. However, the picture looks less aggressive when measured against more recently updated analyst targets after the company’s report. Other current target averages sit closer to the mid-$700s, implying upside in the high-20% range rather than the low-30% range.
Current Price$593.20High Forecast$1,000.00Average Forecast$785.32Low Forecast$595.00Meta Platforms Stock Forecast Details
This comes as analysts pushed their targets down substantially after Meta’s report. The average price target, based on MarketBeat's historical data, decreased by more than 10%, marking a bigger decline than the shares themselves. Some of the most bullish analysts on Meta cut their price targets by over $100. This includes Rosenblatt and Susquehanna. Rosenblatt previously had a $1,015 target on Meta, but dropped this figure by 13% to $883. Susquehanna’s decrease was even more drastic, with its target falling by 28% from $900 to $650.
Analysts have often moved their price targets along a trajectory similar to Meta’s post-earnings price action. However, in many of these instances, price target movements have been relatively favorable, rising more when Meta gains and falling less when it drops.
It is noteworthy that the percentage decrease in targets was slightly greater than the actual decline shares observed. This indicates a greater deterioration in analyst sentiment after the report compared to past quarters. Still, analyst ratings provide some solace, with Meta having 39 Buy, eight Hold, and zero Sell ratings.
The Waiting Game for Non-Advertising Growth Catalysts ContinuesThe market holds Meta to a high standard, especially regarding growth, as its AI investments aim to provide growth tailwinds. At this point, it is becoming increasingly difficult for Meta to justify its AI spending based on advertising growth alone. The firm is in need of alternative catalysts in order to restore confidence among many investors.
The good news is that Meta is in the process of pulling growth levers, although many of these initiatives are in their early stages and have yet to yield actual results. This includes the potential pathway for selling its excess compute to third parties that are seeing strong demand for their AI services.
Additionally, Meta is working to monetize its Muse Spark 1.1 model, which was only released in July. This is the first time that Meta will try to directly monetize a model through token sales. Meta is expanding access to Muse Spark 1.1 through popular model distribution channels such as OpenRouter.
Lastly, Meta recently released subscription offerings that could drive meaningful growth if they gain significant adoption among Facebook and Instagram users.
There is still reason for optimism around Meta stock. However, investors should weigh the legal risk surrounding the company, and the risk that its non-ad growth may take a substantial amount of time to kick in.
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Coca-Cola ve 2. čtvrtletí zvýšila objem caseů o 5 % a zvedla celoroční výhled volného cash flow na zhruba 12,4 miliardy USD. Akcie KO se ale obchodují za 25,3násobek forwardového zisku, nad pětiletým mediánem 23x.
Key Takeaways Coca-Cola's Q2 unit case volume rose 5%, led by gains across sparkling drinks and other categories.KO raised 2026 free cash flow guidance to $12.4 billion as first-half cash flow reached $6.9 billion.KO trades at 25.3X forward earnings, above peers and its five-year median, raising execution risk. The Coca-Cola Company (KO - Free Report) continues to pair resilient operating performance with an improving earnings outlook. Broad-based volume growth, margin expansion and higher cash-flow guidance reinforce the durability of its global beverage system.
The harder question is whether those strengths justify the current price. KO’s premium valuation leaves less room for execution missteps, making sustained earnings delivery central to the investment case.
Coca-Cola’s Growth Engine Remains ResilientCoca-Cola’s portfolio spans 32 billion-dollar brands across sparkling beverages, water, sports drinks, coffee, tea, dairy and other categories. Its global bottling and distribution network allows the company to tailor products, packages and price points to local demand while maintaining scale.
Second-quarter unit case volume increased 5%. Sparkling soft drinks advanced 4%, while water, sports, coffee and tea rose 6%. Trademark Coca-Cola volume gained 5% across all geographic operating segments and Coca-Cola Zero Sugar grew 16%.
PepsiCo, Inc. (PEP - Free Report) offers investors another diversified beverage platform, supplemented by a large convenient-foods business. PepsiCo affirmed its fiscal 2026 guidance after reporting second-quarter results, highlighting the broader defensive appeal of scaled consumer brands.
KO’s Premium Valuation Narrows the Margin for ErrorKO trades at 25.3X forward 12-month earnings. That exceeds 19.5X for its Zacks sub-industry, 17.1X for the Consumer Staples sector and 20.6X for the S&P 500.
The multiple also stands above Coca-Cola’s five-year median of 23X. Investors are therefore paying in advance for dependable growth, margin discipline and continued estimate support. Any slowdown in volume, pricing or profit conversion could pressure confidence more quickly at this valuation.
Image Source: Zacks Investment Research
Keurig Dr Pepper Inc. (KDP - Free Report) provides a North American comparison with exposure to soft drinks, coffee, water, tea, juice and mixers. Its broad beverage portfolio gives investors another way to evaluate the premium assigned to Coca-Cola’s global scale.
Coca-Cola’s Cash Flow Supports Durable ReturnsCash generation remains a core strength. Coca-Cola produced $6.9 billion in free cash flow during the first half of 2026 and raised its full-year free cash flow outlook to about $12.4 billion from $12.2 billion.
Net debt leverage was 1.4 times EBITDA at the end of the quarter, below management’s target range of 2-2.5 times. That balance-sheet position supports continued spending on brands, digital capabilities and capacity while preserving room for shareholder distributions.
Coca-Cola raised its quarterly dividend 4% to 53 cents per share in February 2026, bringing the annualized dividend to $2.12. The increase marked the company’s 64th consecutive year of dividend growth, reinforcing the appeal of its predictable cash-generation model.
KO Faces Uneven Demand and Execution RisksConsumer conditions remain inconsistent. Lower-income households continue to face pressure in the United States and Europe, sentiment in China is cautious and conditions across Latin America are mixed.
Asia Pacific price and mix declined 9% as affordability initiatives, geographic mix and investment timing offset strong volume growth. Higher input costs and marketing spending also remain considerations as Coca-Cola balances consumer recruitment with profit expansion.
The pending Coca-Cola Beverages Africa divestiture adds timing and regulatory uncertainty. Management assumes the transaction will close near the end of the third quarter or during the fourth quarter, leaving some risk around the expected structural margin benefit.
KO’s Buy Signal Clashes With Weak Style ScoresCoca-Cola’s operating resilience, higher guidance and cash-flow strength support the long-term case. The premium valuation and uneven demand backdrop, however, suggest that investors should remain selective rather than treat the stock as an automatic purchase.
KO currently carries a Zacks Rank #2 (Buy), reflecting a favorable near-term earnings-revision backdrop. Its VGM Score of D is less supportive. The Value Score of F signals valuation concerns, while the Growth Score of C and Momentum Score of C indicate only neutral characteristics in those styles.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The combination favors a balanced view. Coca-Cola has durable business strengths and improving estimates, but the current multiple requires continued execution to justify a fresh position.
Coca-Cola zvýšila výhled na celý rok 2026 po 7% růstu tržeb ve 2. čtvrtletí a 11% růstu srovnatelného EPS. Firma čeká organický růst tržeb kolem 5 % a růst EPS bez vlivu kurzových změn o 7–8 %.
Key Takeaways Coca-Cola raised its 2026 EPS growth outlook after Q2 revenue rose 7% and comparable EPS gained 11%.KO expects organic revenue growth of about 5% and currency-neutral EPS growth of 7-8% in 2026.KO faces a 2-3% revenue drag from portfolio changes, Africa sale timing and six fewer Q4 operating days. The Coca-Cola Company (KO - Free Report) followed a better-than-expected second quarter by raising its fiscal 2026 outlook. Higher volume, margin expansion and currency benefits strengthened the earnings picture even as management acknowledged tougher comparisons and portfolio-related headwinds in the second half.
The key investor question is whether those drivers can extend the current earnings momentum. Coca-Cola’s operating model offers several levers, but the pending Africa bottling sale, six fewer operating days in the fourth quarter and an uneven consumer environment leave execution risks.
Coca-Cola’s Q2 Beat Shows Broad-Based MomentumSecond-quarter revenues increased 7% year over year to $13.38 billion and beat the Zacks Consensus Estimate of $13.06 billion by 2.4%. Comparable earnings of 97 cents per share topped the consensus mark of 92 cents by 5.4% and rose 11% from the prior-year period.
Global unit case volume advanced 5%, supported by growth across markets and beverage categories. Concentrate sales increased 4%, while price and mix rose 2% as three points of pricing were partly offset by one point of unfavorable mix.
Trademark Coca-Cola volume gained 5% across all geographic operating segments. Sparkling soft drinks increased 4%, while water, sports, coffee and tea advanced 6%, showing that the quarter was not dependent on a single category.
KO’s Raised Guidance Lifts the 2026 Earnings ViewCoca-Cola now expects organic revenues to increase about 5% in 2026, at the high end of its previous 4-5% range. The revision reflects first-half organic revenue growth of 8% and management’s confidence in continued volume participation and operating leverage.
Comparable currency-neutral earnings per share, excluding acquisitions and divestitures, are projected to rise 7-8%, above the previous 6-7% forecast. Comparable earnings per share are expected to increase 9-10% from the 2025 base of $3, compared with the prior outlook for 8-9% growth.
Currency is expected to provide a roughly three-percentage-point benefit to comparable earnings per share for the year. Acquisitions and divestitures are projected to reduce comparable earnings growth by about one percentage point.
Image Source: Zacks Investment Research
Coca-Cola’s Margin Gains Strengthen the OutlookReported operating margin expanded to 34.9% from 34.1% a year earlier. Comparable operating margin increased to 35.6% from 34.7%, while comparable gross margin improved about 120 basis points.
Organic revenue growth, lower operating expenses and currency tailwinds supported the improvement. Higher input costs and increased marketing investment partly offset those gains, underscoring the need to balance near-term profitability with spending behind brands and consumer recruitment.
Management continues to view revenue quality, cost control and a more asset-light model as sources of longer-term margin expansion. That combination could support earnings growth even if second-half volume comparisons become more demanding.
KO’s Africa Sale Could Reshape Fourth-Quarter ResultsThe pending sale of Coca-Cola Beverages Africa could improve the structural margin profile by removing a capital-intensive bottling operation. Management expects fourth-quarter gross and operating margins to benefit from the refranchising if the transaction closes as planned.
The sale is assumed to close near the end of the third quarter or during the fourth quarter, subject to regulatory approvals. Portfolio changes are expected to create a 2-3% drag on comparable revenues and an approximately 1% headwind to comparable earnings per share for 2026.
The fourth quarter will also contain six fewer operating days than the prior-year period. Those factors may make reported growth less representative of underlying demand and complicate the comparison between operating momentum and headline results.
KO’s Near-Term Signal Meets Mixed Style ScoresCoca-Cola’s raised guidance, positive estimate revisions and margin expansion support the near-term earnings case. The company’s global scale and broad portfolio provide flexibility, but tougher comparisons and divestiture timing prevent the outlook from being risk-free.
KO currently carries a Zacks Rank #2 (Buy), a favorable signal tied to earnings-estimate revisions. The stock’s Style Scores are less supportive. It has a VGM Score of D, a Value Score of F, a Growth Score of C and a Momentum Score of C.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
For comparison, PepsiCo, Inc. (PEP - Free Report) and Keurig Dr Pepper Inc. (KDP - Free Report) offer alternative beverage exposure, but both carry weaker Zacks Ranks than KO in the latest report.
The signals point to continued operational momentum but limited valuation support. Coca-Cola’s higher outlook can sustain earnings growth if volume, margins and currency benefits remain aligned, although the premium valuation increases the cost of any execution shortfall.
Uber Technologies, Inc. (UBER) Q2 2026 Earnings Call August 5, 2026 8:00 AM EDT
Company Participants
Alaxandar Wang - Head of Investor Relations
Dara Khosrowshahi - CEO & Director
Balaji Krishnamurthy - Chief Financial Officer
Conference Call Participants
Brian Nowak - Morgan Stanley, Research Division
Eric Sheridan - Goldman Sachs Group, Inc., Research Division
Douglas Anmuth - JPMorgan Chase & Co, Research Division
John Colantuoni - Jefferies LLC, Research Division
Justin Post - BofA Securities, Research Division
Mark Stephen Mahaney - Evercore ISI Institutional Equities, Research Division
Nikhil Devnani - Bernstein Institutional Services LLC, Research Division
Ross Sandler - Barclays Bank PLC, Research Division
Presentation
Operator
Hello, and welcome to Uber's Q2 2026 Earnings Conference Call. [Operator Instructions]
I would now like to turn the conference over to Alax Wang, Head of Investor Relations. You may begin.
Alaxandar Wang
Head of Investor Relations
Thank you, Sarah. Thank you for joining us today, and welcome to Uber's Second Quarter 2026 Earnings Presentation. On the call today, we have Uber's CEO, Dara Khosrowshahi; and CFO, Balaji Krishnamurthy.
During today's call, we will present both GAAP and non-GAAP financial measures. Additional disclosures regarding these non-GAAP measures, including a reconciliation of GAAP to non-GAAP measures, are included in the press release, supplemental slides and our filings with the SEC, each of which is posted to investor.uber.com. Certain statements in this presentation and on this call are forward-looking statements. You should not place undue reliance on forward-looking statements. Actual results may differ materially from these forward-looking statements, and we do not undertake any obligation to update any forward-looking statements we make today, except as required by law.
For more information about factors that may cause actual results to differ materially from forward-looking statements, please refer to the press release we issued today as well as risks and uncertainties described in our most recent
Uber Technologies UBER stock is under pressure on Wednesday morning, weakness that is being attributed primarily to the company’s disappointing Q2 earnings.
The ride-hailing giant reported $14.19 billion in revenue for its second quarter – missed the consensus estimate set at $14.24 billion – on essentially in-line 81 cents a share of earnings (EPS).
But a deeper dive suggests there’s actually more at play that is hurting UBER shares on August 5th.
Uber shares are slipping today also because management announced plans to spend more than $10 billion on autonomous vehicle commercialization over the coming years.
Given that the company has historically relied on asset-light AV partnerships, this bold commitment raised immediate questions regarding near-term capital discipline and free cash flow generation.
The announcement is proving particularly bearish as investors are still digesting UBER’s pending $14.8 billion acquisition of Delivery Hero, which will be funded via existing liquidity and debt.
Pairing this mega-deal with a new $10 billion autonomous vehicle pledge has amplified fears of execution risks and leverage strain.
Additionally, the post-earnings decline crashed Uber Technologies below its key moving averages (20-day and 50-day), bringing algorithmic selling into the equation as well.
While Q2 financials were not ultra bearish, the real pressure on UBER stock came from guidance.
Management expects non-GAAP earnings per share (EPS) to print at $0.86 in the current quarter, well below the $0.89 that analysts had called for.
Crucially, the outlook for Q3 gross bookings ($59.25 billion) also came in a little shy of consensus – due to foreign exchange headwinds that are expected to drag the metric down by about 1%.
Other reasons that contributed to the muted future outlook include reinvestment of cost savings into lower-cost product tiers (such as Wait & Save and shared rides) and tougher year-over-year comps.
Note that Uber Technologies Inc does not currently pay a dividend to incentivize ownership despite soft guidance either.
Finally, the market remains cautious on UBER shares following recent disclosures that Waymo plans to launch its own standalone ride-hailing app in key markets like Austin and Atlanta starting in 2028.
Disintermediation fears are brewing as the Alphabet subsidiary weighs bypassing Uber’s network.
If Waymo launches its own app, it will transition from a lucrative tech partners into a formidable, well-capitalized competitor threatening UBER’s long-term growth premium.
This shift could strip premium autonomous volume from the firm’s network, severely compressing its take-rates in high-density urban markets.
Consequently, Uber faces the dual threat of accelerating driver supply costs and shrinking market share, clouding its path to sustained free cash flow dominance and triggering widespread valuation multiple compression.
That said, Wall Street continues to rate UBER at Strong Buy.
Google's AI divisions are getting reshuffled, the search giant announced on Wednesday, with chief scientist Jeff Dean leaving the company after 27 years.
Demis Hassabis, the CEO of Google DeepMind, is moving into a chairman role of that unit and also assuming the title chief scientist of parent company Alphabet, according to a memo from CEO Sundar Pichai that was posted to Google's blog.
Alpahbet shares fell about 4% after the announcement.
Dean, a pioneer in artificial intelligence who's been credited with some of Google's most important technical breakthroughs, is starting his own company along with Google senior fellow Sanjay Ghemawat, the post said. The departure is on friendly terms and Google will invest in his startup, a representative said.
"After an incredible 27-year run, Jeff Dean is at a moment where he wants to try something new, and we're excited to support him in that," Pichai said in the post. He added that Dean and Ghemawat will be working to "accelerate discoveries" in machine learning, science and engineering.
The shakeup, which includes promoting DeepMind technology chief Koray Kavukcuoglu to head of the AI division, comes as Google navigates a rapidly evolving AI industry, with the company trying to compete against OpenAI and Anthropic in developing the most cutting-edge frontier models while also pouring money into infrastructure so that its cloud division can serve customers as well as its own workloads.
In the latest quarter, Google turned cash flow negative for the first time on record due to its capital expenditures, while forecasting full-year capex of up to $205 billion. Kavukcuoglu will lead the development of Gemini 4, the company's next major AI model, and will report to Pichai.
Hassabis co-founded DeepMind and joined Google when the search giant purchased the lab in 2014. In recent years, he's been leading nearly all of Alphabet's foundational AI work.
"I've decided that now is the right time for me to hand over my day-to-day operational responsibilities at GDM, so that I have the time and space to focus on the big picture and help influence what is to come to the best of my ability," Hassabis said in a note to employees.
He added he would work with Pichai on "strategic and global" matters related to AI.
In a followup post on X, Dean said his new startup will be called Discovery Loop, and that it will be organized as a public benefit corporation focused on AI for science and engineering.
From a growth perspective, Google has been doing just fine on AI. The company's cloud division, run by Thomas Kurian, is expanding at a much faster clip than larger rivals Amazon Web Services and Microsoft Azure.
Cloud revenue at Google soared 82% in the second quarter to $24.8 billion. AWS reported revenue growth of 37% in the quarter, while Azure sales climbed 43%.
Pichai said on the earnings call that cloud expansion was driven by AI infrastructure and AI solutions, noting and was helped by demand for the company's homegrown tensor processing units (TPUs).
The report came a day after Google announced three new Gemini models, including its clearest answer yet to Anthropic's lead in cybersecurity, though the company still hasn't released Gemini 3.5 Pro, which has been delayed.
"Demand for our models is translating to strong token usage across developers and enterprise customers," Pichai said on the earnings call. "And we continue to be supply constrained, a sign of momentum and rapid adoption."
Google mění vedení AI: Demis Hassabis se vzdává role CEO DeepMind a stává se hlavním vědcem Alphabetu a předsedou Google DeepMind. Jeff Dean odchází do vlastního projektu Discovery Loop. Akcie firmy po zprávě klesly až o 5 %.
Demis Hassabis is becoming the chief scientist of Alphabet and chair of Google DeepMind. Shane Anthony Sinclair/Getty Images for Cannes Lions Google is shaking up its AI leadership, with some of the company's top experts in the field moving roles or leaving. Shares of the tech giant fell as much as 5% on the news.
Demis Hassabis is shedding his CEO title at DeepMind to take on a broader AI research role at Alphabet, Google's parent company. Koray Kavukcuoglu, previously DeepMind's chief technology officer, will head the unit, reporting to Google CEO Sundar Pichai.
Hassabis, one of the pioneers of modern AI, will become chief scientist of Alphabet and chair of Google DeepMind. He's been tipped by some to be the next CEO, and lately he's been meeting with global policy leaders and making grand speeches about the long-term future of this technology.
Jeff Dean, a top AI researcher who's been at Google for decades, is leaving to start his own initiative, Discovery Loop, with Sanjay Ghemawat, another top tech leader at the search giant.
"We have to accelerate all this work and stay focused on the AI frontier," Pichai wrote in a blog post on Wednesday. "At the same time, there's never been a more important moment to shape the future of AGI and science."
The company has struggled lately to keep up with frontier AI labs. Google's next big model has been delayed several times this year, while Anthropic and OpenAI have launched several top-performing offerings.
This is especially true in AI coding, which has become one of the most powerful and lucrative applications of this new technology. Earlier on Wednesday, Business Insider exclusively reported that Google is in talks to invest more than $1.5 billion in startup Mechanize, which specializes in AI coding evaluations and development.
The change to Hassabis's role is the biggest part of Google's leadership shakeup on Wednesday. He's a chess prodigy who has led some of the most important AI breakthroughs of the past decade and more, including AlphaGo and AlphaFold.
Hassabis's new role will give him more space to focus on longer-term AI research projects, instead of handling management responsibilities that inevitably come with being CEO of a key Google division.
"I've decided that now is the right time for me to hand over my day-to-day operational responsibilities at GDM, so that I have the time and space to focus on the big picture and help influence what is to come to the best of my ability," Hassabis said in a memo to colleagues, which was published by Google.
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Tigress Financial Partners zvýšila 12měsíční cílovou cenu Microsoftu na 690 USD z 595 USD a ponechala doporučení Buy. Firma čeká další růst díky AI, Azure a Copilotu.
Microsoft (NASDAQ: MSFT) has received a fresh price target increase from Wall Street after its latest earnings results reinforced confidence in the company’s artificial intelligence and cloud growth strategy.
In this regard, Tigress Financial Partners reiterated its ‘Buy’ rating on Microsoft and raised its 12-month price target to $690 from $595, representing a 15.97% increase from the firm’s previous forecast.
Based on Microsoft’s press-time price of $489, the new target implies upside potential of roughly 40%.
The revised outlook comes as analysts continue to highlight Microsoft’s leadership in artificial intelligence, accelerating Azure cloud growth, and expanding monetization of its Copilot platform.
According to Tigress Financial Partners analyst Ivan Feinseth, Microsoft’s AI, cloud, and software ecosystem remain key drivers of durable growth and long-term shareholder value.
The firm pointed to accelerating Azure performance, growing Copilot adoption, and a record commercial backlog as major catalysts supporting future revenue expansion.
The analyst also noted that Microsoft’s disciplined capital allocation strategy continues to strengthen returns on capital while reinforcing its competitive position in AI.
In particular, the firm sees Copilot adoption reaching an inflection point across Microsoft’s extensive installed customer base, creating a significant long-term monetization opportunity.
The latest target increase aligns with broader Wall Street sentiment toward Microsoft stock.
To that end, data from TipRanks shows that 36 analysts covering Microsoft maintain a consensus ‘Strong Buy’ rating. Among them, 35 recommend buying the stock, while one has a Hold rating and none recommend selling.
MSFT 12-month stock price prediction. Source: TipRanks The average 12-month Microsoft stock price target stands at $560.52, implying upside of approximately 14.6% from the current share price. Analysts’ targets range from a low of $450 to a high of $690.
MSFT stock fundamentals The outlook comes as Microsoft shares have rebounded from earlier volatility, supported by stronger-than-expected fiscal fourth-quarter and full-year 2026 results.
For fiscal 2026, revenue rose 18% to $331.8 billion, while diluted earnings per share increased 32% to $17.95. In the fourth quarter, revenue reached $90 billion and earnings came in at $4.74 per share, both ahead of Wall Street estimates.
Azure revenue growth accelerated to 43%, pushing its annual revenue run rate above $100 billion for the first time.
Microsoft Cloud revenue climbed 27% to $214.4 billion, while commercial remaining performance obligation, a key measure of future contracted revenue, jumped 84% to $678 billion. Microsoft 365 Copilot adoption also continued to expand, surpassing 30 million paid seats.
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Mastercard spustila partnerství se sítí Borderless.xyz, aby prověřila využití Mastercard Crypto Credential pro důvěryhodné přeshraniční platby ve stablecoinech.
Mastercard launched a partnership with stablecoin infrastructure network Borderless.xyz, according to a Wednesday (Aug. 5) press release.
The collaboration will examine how Mastercard Crypto Credential’s standards-based framework can support trusted interactions in cross-border stablecoin payments, per the release.
“Stablecoins are increasingly being used to move value across borders, creating new opportunities for faster and more efficient payments,” the release said. “As adoption grows, participants need trusted ways to understand who they are interacting with and whether counterparties have met appropriate standards and requirements.”
With this project, the two companies will look at how Mastercard Crypto Credential can address that challenge by offering “assurance signals” that participants can integrate into their approval, compliance and risk processes, according to the release.
“One of the biggest friction points for stablecoin payment operators isn’t the payments,” Borderless.xyz Co-Founder and CEO Kevin Lehtiniitty said in the release. “It’s that compliance doesn’t scale the same way the network does. Every new provider means starting the verification process over. Correspondent banking solved this decades ago: originating compliance trusted downstream, no re-execution at every counterparty. Mastercard is applying that model to digital asset payments. Borderless.xyz is the network it runs through.”
The project brings together many of Borderless.xyz’s network participant companies, many of which graduated from Mastercard Start Path, the company’s startup engagement program, according to the release.
“These partners will leverage Mastercard Crypto Credential as some of the first stablecoin payment operators to run on the single-audit compliance model at network scale,” the release said.
Meanwhile, the PYMNTS Intelligence report “From Asset to Everyday Money: Making Digital Currencies Spendable” found that stablecoins’ role in transforming both how payments move and how liquidity is managed is allowing companies to optimize deployable cash.
“As digital currencies become easier to move through wallets, cards and established payment networks, they are also becoming easier for businesses to hold, allocate and redeploy,” PYMNTS reported Monday (Aug. 3). “The deeper opportunity is therefore not simply faster settlement. It is the conversion of corporate liquidity from a static balance sheet asset into programmable working capital. This does not mean companies will hand control of their balance sheets to software. It means more treasury policies could become executable rules rather than periodic instructions.”
Disney vykázal ve třetím fiskálním čtvrtletí rekordní tržby divize Experiences téměř 10 miliard USD, meziročně o 10 % více. Provozní zisk stoupl o 20 % na více než 3 miliardy USD.
Disney parks are defying a slump in international travel to the U.S., posting record quarterly revenue for the company's experiences division on Wednesday.
The experiences segment, which includes Disney's theme parks, cruise line, resorts and consumer products, reported nearly $10 billion in revenue for the fiscal third quarter, a 10% jump from the same quarter a year prior and a quarterly record. The division has seen record revenue for six consecutive quarters.
The division recorded operating income of more than $3 billion, up 20% from the same period a year prior. Shares of Disney were 2% higher Wednesday.
"It's important, I think, to highlight that we're performing significantly better than our competition," Disney CEO Josh D'Amaro said during Wednesday's earnings call. "And in doing that, delivering strong volume and per [capita] spending results. And to remind everyone we're achieving this even during a period where there's a fair amount of macro uncertainty."
Last month, rival Comcast reported lags in theme park attendance, particularly in Orlando, Florida.
While tourism grew worldwide last year, the United States was the only major destination to see a drop in foreign visitors, according to the World Travel & Tourism Council. Overall, international travel to the U.S. fell 6%, the organization found.
Travel bans, visa fees and invasive searches at ports of entry are all factors in international travelers leaving the United States off their travel itineraries, according to the WTTC. Trade frictions, geopolitical unease and safety concerns have also contributed to the drop in demand for travel stateside, travel experts told CNBC.
And yet, at Disney, domestic park attendance was up 3% and guest spending rose 4%, CFO Hugh Johnston told CNBC. He also called out the "very strong attendance" at Walt Disney World in Orlando.
"Those numbers are somewhat different than what you would have seen from our competitor down there, as well as some of the reported traffic coming through Orlando [International] Airport," he added.
The company attributed strong attendance to its Cool Kids Summer promotion, which features kid-focused character meet-and-greets, dance parties and air-conditioned hangout spots as well as free water park admission for hotel guests.
Disney also recently refreshed and reimagined park attractions like Buzz Lightyear's Space Ranger Spin, Big Thunder Mountain Railroad and the Muppets-themed Rock 'n' Roller Coaster.
"Disney activated their fans to visit the theme parks during the quarter using a mix of marketing and discounting campaigns targeting young families and residents," said Gavin Doyle, founder of MickeyVisit.com. "Despite a massive slate of upcoming rides that might have encouraged guests to delay their visits, Disney has found ways to create urgency and enticing opportunities to visit the theme parks now."
These efforts "work to deepen [Disney's] connection to modern audiences," Doyle said.
On the West Coast, the California-based parks had a similar promotion at Disneyland in Anaheim.
"Disneyland's targeted discounts for California residents and kids ensured that families did not skip visiting the parks this year," Doyle said.
Disney's experiences segment also benefitted from the addition of two new ships to its cruise fleet, the Disney Destiny and the Disney Adventure. Together these cruise liners increased stateroom capacity by around 50% and helped push revenue from the resorts and vacations piece of the division up 17% to $2.77 billion for the fiscal third quarter.
Recently installed Fubo CEO Alisa Bowen whetted Wall Street appetites for the upside of being controlled by Disney, her alma mater, during the company’s quarterly earnings call on Wednesday.
“Obviously, I know that company very well, and I’m very confident that we’ll continue to strengthen those relationships as we work together on what the future opportunities for both Fubo and Hulu + Live TV are,” Bowen said.
Bowen took the helm last month, replacing David Gandler, who co-founded the company and had led it as CEO since its launch in 2015. Disney in 2025 took a 70% stake in Fubo as part of a settlement of an antitrust lawsuit brought over the never-launched Venu Sports, a joint venture backed by Disney, Fox Corp. and Warner Bros. Discovery. Fubo has remained a separately traded company, operating both FuboTV and Hulu + Live TV as separate services.
“Even today, just nine months after the close, there are some really interesting areas of opportunity that we’re very enthusiastic about,” Bowen said. Marketing partnerships, she explained will be one area to explore. The company, whose Fubo offering has a sports-centric focus, has recently been featured on the ESPN app.
“The ESPN relationship is at its very early stages and while the numbers are small, the signals are very convincing,” Bowen continued. There’s better conversion and retention from that heavily enthusiastic sports base for the Fubo products versus some of the other marketing media channels that we have and tapping into that audience that ESPN serves so well is a clear opportunity.
Disney is also working on integrating Hulu and Hulu + Live TV into the Disney+ app. Disney CEO Josh D’Amaro elaborated on that plan earlier Wednesday on Disney’s earnings call.
Fubo stock rose in early trading after the company reported revenue of $1.48 billion in the quarter, flat with the year-earlier period on a pro forma basis. Losses per share came in at 25 cents, which was better than analysts had expected, with total subscribers inching up 2% to 5.75 million.
Beyond the synergy question, Bowen and CFO John Janedis addressed the impact of the World Cup on subscriber levels as well as how they stack up with rival YouTube TV. In recent months, YouTube TV has rolled out nearly a dozen new bundles at varying price points, including a sports-focused offering.
“Our package competes with a YouTube TV sports package, obviously, but there are differences between each of these,” Bowen said. “For example, the Fox News component in our sports package is something that’s particularly valued by our subscriber base and is working well for us.”
The World Cup, whose Spanish-language broadcasts on Telemundo were made available on Fubo in a late-breaking carriage deal just prior to the tournament’s start in June, had a “favorable impact” on subscriber levels, Janedis said. On a sequential basis, 25,000 subscribers came in during the quarter, including some for the World Cup.
Bowen noted that a number of product innovations were unveiled during the lead-up to the World Cup.
More broadly, being included as part of Disney’s upfront ad sales process provided a lift, Bowen said. “We’re very bullish on our opportunity to best leverage the Disney ad sales operation,” she said.
Tržby divize Commercial Engines & Services společnosti GE Aerospace ve 2. čtvrtletí 2026 meziročně vzrostly o 27 % na 9,73 miliardy USD. Firma očekává, že letos segment přidá asi 20 %.
Key Takeaways Commercial Engines & Services revenues rose 27% to $9.73 billion in the second quarter of 2026.Services grew 26%, spare parts topped 25% growth and equipment revenues advanced 30%.Major LEAP, GEnx and GE9X orders support an expected 20% segment revenue gain in 2026. The strongest driver of GE Aerospace’s (GE - Free Report) business at the moment is the Commercial Engines & Services segment. In the second quarter of 2026, revenues from the Commercial Engines & Services segment increased 27% year over year to $9.73 billion.
The gain was driven by services growth of 26%, with internal shop visit revenues up 25%. Spare parts revenues increased more than 25%, reflecting robust aftermarket demand. Equipment revenues in the segment advanced 30%, supported by unit volume growth of 26%, including a 24% increase in LEAP deliveries. Total orders in the segment rose 18% year over year to $12.93 billion.
A growing installed base and higher utilization of engine platforms, particularly in the commercial aerospace sector, have set the stage for the company’s long-term growth. GE continues to experience strong orders for LEAP, GEnx & GE9X engines and services, supported by growth in air traffic, fleet renewal and expansion activities.
In the first half of 2026, the company secured several major engine orders and service agreements. GE recently clinched an order from Jet2 plc to supply CFM LEAP-1A engines for the latter’s Airbus A321neo aircraft. It secured an order from Copa Airlines for up to 120 LEAP-1B engines to power the airline's expanding Boeing 737 MAX fleet.
It also entered into a long-term materials agreement to support Ryanair’s fleet of about 2,000 CFM56 and LEAP engines. It also secured orders for GEnx engines from United Airlines and Delta Air Lines for their Boeing 787 Dreamliners.
With commercial aircraft programs expected to continue benefiting from the strength in air travel, GE is poised to maintain strong demand momentum in the quarters ahead. For 2026, adjusted revenues from the Commercial Engines & Services segment are expected to experience growth of about 20%.
GE's Peers in the Aerospace MarketAmong its major peers, RTX Corporation (RTX - Free Report) is benefiting from strength in the commercial aerospace market, with growth in both aftermarket and OEM verticals. RTX reported 16% organic sales growth in the second quarter, driven by solid momentum in the Collins Aerospace and Pratt & Whitney segments. Rising aircraft utilization and demand for sustainable technologies are supporting RTX Corp.’s growth.
Another peer, Textron Inc.’s (TXT - Free Report) Aviation business unit is benefiting from improving commercial air passenger traffic. Strong commercial aircraft demand and aftermarket activity contributed to Textron Aviation unit’s revenue growth of 1% in the second quarter. Thanks to growing air travel, Textron has also been witnessing strong order activity, which resulted in a backlog of $8 billion (as of July 4, 2026) for the Aviation segment.
GE's Price Performance, Valuation and EstimatesShares of GE Aerospace have gained 23.4% in the past three months compared with the industry’s growth of 8.6%.
Image Source: Zacks Investment Research
From a valuation standpoint, GE is trading at a forward price-to-earnings ratio of 44.20X, above the industry’s average of 34.03X. GE Aerospace carries a Value Score of D.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for GE’s 2026 earnings has gone up 5.1% over the past 60 days.
Image Source: Zacks Investment Research
The company currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
McDonald's přehodnocuje svou cenově výhodnou nabídku po slabém druhém čtvrtletí, kdy omezil digitální slevy a nedařilo se mu zavést nové menu pod 3 USD. To zpomalilo růst tržeb v USA.
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McDonald's is facing challenges with its value menu. Robert Nickelsberg/Getty Images McDonald's is facing big problems with some of the cheapest items on its menu.
The fast-food giant is rethinking its approach to value-priced options after a rough few months, executives said on Tuesday.
CEO Chris Kempczinski pointed to multiple problems on the company's second-quarter earnings call. The chain cut back on digital discounts, alienating some of its most loyal patrons. It also struggled to roll out its new under-$3 value menu to restaurants. And McDonald's had too many promotions too close together, from special World Cup meals to new refresher beverages.
McDonald's quarterly US sales growth slowed down as a result.
"We don't have a strategy problem," Kempczinski said. "We simply didn't execute at the level we needed to in the second quarter."
McDonald's has plenty of competition, with rivals eager to offer diners deals on a cheap burger.
We want to know what you think. Whether you're a weekly McDonald's customer or have stopped going altogether, we're interested in hearing your thoughts on the chain's value and prices.
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Alex Bitter You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Alex Bitter is a senior retail reporter covering the gig economy, food, and retail. His work focuses major gig delivery and ride-hailing apps, including Uber, Lyft, DoorDash, Instacart, and Walmart's Spark. He is interested in everything from what it's like to work on the apps to the companies' business strategies.Some of his recent stories feature gig workers who have been deactivated on the apps, DoorDash hiring traditional employees to make deliveries, gig workers' use of bots, and gig work expanding into new professions, such as nursing.Alex has also written about Aldi's US expansion, Starbucks' turnaround efforts, and the fallout from Kraft-Heinz's budget cutting. Convenience store chain Sheetz ended its "smile policy" after his reporting.Before joining Insider in September 2020, he wrote about consumer and retail companies for S&P Global Market Intelligence. He's a graduate of the University of Hawai'i at Mānoa and grew up on the Big Island.Alex lives in the Washington, DC, area, where you can find him studying ancient coins or searching for Civil War artifacts with his metal detector in his free time.Got a tip? Reach out at [email protected] or via encrypted messaging app Signal at +1 (808) 854-4501.
Shopify uvedla, že AI vyhledávání zvyšuje návštěvnost i objednávky; návštěvnost z AI vyhledávání a objednávky se ve 2. čtvrtletí meziročně ztrojnásobily. Tržby vzrostly o 36 % na 3,6 miliardy USD.
E-commerce software maker Shopify seems to be benefiting handily from people using AI to search.
On the company’s second-quarter earnings call, Shopify President Harley Finkelstein said AI has become a “complement to search, rather than a substitute for it,” and had particularly benefited the long tail of e-commerce, including the smaller merchants that make up the majority of its customer base. Indeed, the company credited its earnings beat and soaring revenue to AI search, at least partly.
This is quite different from how AI is impacting online publishing, where AI summaries have led to a measurable drop in click-through rates, which lowers traffic and consequently eats into advertising revenues.
Instead, Shopify believes that AI is a boon to its business. The company noted that AI-driven traffic and orders to Shopify stores had tripled year-over-year in the second quarter.
And, this was not a result of AI taking share from search. “In fact, search remains one of our largest sources of buyer traffic to our merchants, and it’s still growing,” Finkelstein told analysts on the call. “Traditional search sessions are up 1.3x over the past two years, holding roughly a third of all storefront sessions.”
The e-commerce platform reported strong results in the quarter, with revenue rising 36% to $3.6 billion from a year earlier, outstripping Wall Street’s forecast of $3.4 billion. Gross operating profit rose 31% to $1.71 billion, also ahead of analysts’ expectations of $1.63 billion.
The company went into further detail about why AI search was working for its business.
“While search engines rank by popularity against a handful of keywords, AI agents make multiple calls into Shopify’s catalog, working with richer structured data to match products with the buyer’s specific intent, rather than just keywords,” Finkelstein explained.
“When a buyer asks an AI assistant for the best car seat that fits three across a sedan, traditional search focuses on the keyword ‘car seat.’ An agent, however, understands the actual need, the dimensions, the vehicle type, and the fact that they need three. It searches across all of those constraints at once to find the product that actually works, not just the one that ranks highest,” he said.
In other words, AI’s capability to search across many dimensions to find the best product for users is resulting in better conversions for merchants.
“Buyers’ shopping journeys are being compressed as half of all AI-referred sessions are landing directly on a product description page. That is 2.5 times more than what we see with traditional search,” Finkelstein added.
Plus, the company said 75% of AI-attributed purchases in Q2 happened outside the top 100 categories, or what Shopify called its “sweet spot.”
In addition, the company suggested Shopify stands to benefit from AI playing a larger role in transactions thanks to its trusted checkout experience.
The company pointed out that it’s also working with AI tools and agents, having built connectors to Claude, ChatGPT, Perplexity, Manus, Replit, and Vercel, as well as vibe-coding platforms like Lovable that let merchants build on Shopify however they choose.
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Sarah has worked as a reporter for TechCrunch since August 2011. She joined the company after having previously spent over three years at ReadWriteWeb. Prior to her work as a reporter, Sarah worked in I.T. across a number of industries, including banking, retail and software.
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Wells Fargo spustila tokenizované vklady pro firemní klienty pro okamžité on-chain platby a vypořádání. BNY se spojila s Galaxy Digital, aby do své platformy pro úschovu digitálních aktiv přidala staking.
Key Takeaways WFC launches tokenized deposits enabling real-time on-chain payments and settlements for corporate clients.BNY partners with Galaxy Digital to add staking to its Digital Asset Custody platform, pending approval. WFC and BNY expand blockchain services to address digital asset demand and support future growth prospects. Wells Fargo & Company (WFC - Free Report) and The Bank of New York Mellon Corporation (BNY - Free Report) are expanding their digital assets capabilities as they move beyond their traditional crypto custody into blockchain-based financial services.
Wells Fargo has announced tokenized deposits for corporate clients to enable real-time on-chain payments and settlements, while BNY has partnered with Galaxy Digital (GLXY - Free Report) to add staking to its Digital Asset Custody platform. Although the initiatives target different areas of digital finance, they reflect a broader shift among large banks toward integrating blockchain technology into core financial services. As institutional demand for digital asset solutions continues to grow, both banks are expanding their service offerings to address evolving client needs and position themselves for long-term growth.
For Wells Fargo, the initiative is expected to enhance treasury management through programmable payments enabled by smart contracts, allowing funds to be released based on predefined conditions. The bank is also participating in a shared tokenized deposit network with JPMorgan, Bank of America and Citigroup through The Clearing House, aimed at enabling 24/7 blockchain-based payments, real-time liquidity management and cross-border settlements. The tokenized deposits solution retains the same regulatory protections and deposit insurance eligibility as the bank’s existing deposit products, allowing clients to benefit from blockchain-based functionality within the regulated banking system.
Meanwhile, BNY has partnered with Galaxy Digital to integrate staking into its Digital Asset Custody platform, combining custody and staking under a single institutional servicing model, subject to regulatory approval. Galaxy Digital will also serve as a design partner to enhance the bank’s blockchain infrastructure. The collaboration also builds on BNY's June 2026 partnership expansion with Circle Internet Group to support USDC on its Digital Asset Custody platform, reinforcing the bank's focus on institutional digital finance.
Although these initiatives are unlikely to materially affect near-term financial performance, they demonstrate the WFC and BNY’s commitment to evolving alongside changing market dynamics. Continued investment in innovative financial solutions could help strengthen customer relationships, broaden fee-generating opportunities, and support sustainable long-term growth as the financial services industry undergoes digital transformation.
Comparing Stock Performance: WFC vs. BNYOver the past year, shares of Wells Fargo have risen 13.4%, significantly trailing the 55.8% increase recorded by BNY.
Image Source: Zacks Investment Research
Bank of New York Mellon Corporation currently sports a Zacks Rank #1 (Strong Buy), while Wells Fargo carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Take-Two vyhlíží výsledky za první fiskální čtvrtletí a před startem GTA VI 19. listopadu spustila marketingovou kampaň. Firma zároveň vyhlíží celoroční čisté rezervace 8,0 až 8,2 miliardy USD.
Key Takeaways Take-Two is set to report Q1 FY27 results with GTA VI marketing ahead of its Nov. 19 launch.TTWO expects FY27 net bookings of $8.0-$8.2 billion and more than $1 billion in operating cash flow.TTWO's mobile portfolio and DTC platform supported resilient bookings and high-margin recurring revenue. Take-Two Interactive Software (TTWO - Free Report) is scheduled to report its first-quarter fiscal 2027 results on Aug. 7, 2026.
For the first quarter of fiscal 2027, Take-Two expects GAAP net revenues between $1.45 billion and $1.50 billion. The company projects a loss per share of 23 cents to 15 cents.
The Zacks Consensus Estimate for TTWO’s fiscal first-quarter revenues is pegged at $1.35 billion, indicating a 4.81% year-over-year decline.
The consensus mark for earnings is pegged at 31 cents per share, unchanged over the past 30- and 60-day periods. The estimate indicates a 49.18% year-over-year decline.
However, TTWO beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, with an average surprise of 69.36%.
Let us see how things have shaped up for the upcoming announcement.
Key Factors Expected to Shape TTWO's Q1 ResultsTake-Two is expected to have benefited in the first quarter of fiscal 2027 from Rockstar Games beginning the marketing campaign for Grand Theft Auto VI ahead of its Nov. 19 launch. Early promotional activity likely increased consumer awareness, strengthened pre-order momentum, enhanced franchise engagement and reinforced investor confidence during the quarter under review. The company also introduced record fiscal 2027 Net Bookings guidance of $8.0-$8.2 billion, reflecting confidence that GTA VI and the broader portfolio would drive a new phase of growth and long-term cash generation.
Following a record fiscal 2026, Take-Two entered the first quarter of fiscal 2027 with strong operational momentum. The company generated record net bookings, delivered operating cash flow above forecast and expects to produce more than $1 billion in operating cash flow during fiscal 2027. Management also highlighted a pipeline of multiple upcoming releases alongside continued content updates across existing franchises. This combination of financial strength, a diversified release schedule and recurring live-service engagement is expected to have supported execution during the quarter under review.
Take-Two's diversified mobile portfolio remained an important contributor to growth, supported by strong performances from Toon Blast, Match Factory!, Color Block Jam, Empires & Puzzles and Top Eleven. At the same time, the company's direct-to-consumer platform continued expanding through additional mobile integrations, lower payment friction and an improved user experience, resulting in higher conversion rates, stronger customer loyalty and better margins. Management also expressed greater confidence in the platform's long-term growth prospects. These factors are expected to have supported resilient first-quarter fiscal 2027 bookings and high-margin recurring revenues.
Against the momentum, TTWO expects recurrent consumer spending (RCS) to remain flat year over year for fiscal 2027 despite the anticipated launch of Grand Theft Auto VI later in the year. Since RCS represents a significant portion of Take-Two's net bookings, the lack of expected growth suggests that ongoing monetization from live services may not provide the same level of incremental support seen in fiscal 2026. This dynamic is likely to have constrained first-quarter fiscal 2027 bookings and limited near-term revenue momentum before the company's major release schedule accelerates.
What Our Model Says About TTWO StockOur proven model does not conclusively predict an earnings beat for Take-Two this time around. According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. However, this is not the case here, as you can see below.
TTWO has an Earnings ESP of 0.00% and a Zacks Rank #1 at present. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Stocks to ConsiderHere are some stocks worth considering, as our model shows that these have the right combination of elements to beat earnings this season.
Six Flags Entertainment Corporation (FUN - Free Report) currently has an Earnings ESP of +6.90% and sports a Zacks Rank #1. FUN shares have returned 4.7% in the past six months. FUN is set to report its second-quarter 2026 results on Aug. 6. You can see the complete list of today’s Zacks #1 Rank stocks here.
Corsair Gaming (CRSR - Free Report) currently has an Earnings ESP of +9.09% and a Zacks Rank #2. CRSR shares have surged 135.4% in the past six months. CRSR is slated to report second-quarter 2026 results on Aug. 6.
Marriott Vacations (VAC - Free Report) has an Earnings ESP of +5.26% and a Zacks Rank #2 at present. VAC shares have jumped 80% in the past six months. VAC is set to report its second-quarter 2026 results on Aug. 6.
Key Takeaways First Solar beat Q2 earnings estimates, reaffirmed 2026 guidance and topped 100 GW module sales. FSLR's 45.1 GW backlog worth $13.6B and wider gross margins supported investor optimism.CTEC ranks among the ETFs with significant exposure to First Solar. Shares of First Solar Inc. (FSLR - Free Report) gained 2.5% on July 31, 2026, following the release of its second-quarter results after the market closed on July 30. The stock continued its upward momentum over subsequent trading sessions, surging 18.3% since the announcement.
The solar panel manufacturer comfortably surpassed Wall Street's earnings expectations, despite narrowly missing revenue estimates.
This rally in FSLR’s share price reflects increased investor optimism surrounding its strong profitability. The earnings beat, driven by expanding gross margins and strong operational execution, coupled with reaffirmed full-year guidance, provides confidence in FSLR's near-term momentum and reinforces its position as the largest solar panel manufacturer in the United States.
However, direct equity ownership in FSLR carries distinct single-stock concentration risks. As a domestic manufacturer, First Solar’s long-term profitability remains heavily dependent on federal policy incentives as well as favorable trade protections against foreign solar module imports.
Against this backdrop, investors looking to capitalize on First Solar's upward momentum while maintaining a diversified approach may want to focus on exchange-traded funds (ETFs) that hold significant exposure to the stock.
But before identifying those specific ETFs, it is worth taking a closer look at the key metrics behind First Solar's impressive quarterly beat and the solid contracted backlog that underpins its multi-year outlook.
Brief Analysis of FSLR's Q2 ResultsThe bottom line surpassed the Zacks Consensus Estimate by 1.2%, while revenues missed the consensus mark by 0.4%. A similar trend was visible on a year-over-year basis as well, with its top line declining 4% but bottom line improving 23.3%.
The sales decline was on account of lower revenues associated with customer contract terminations.
The company reached an important milestone in the second quarter, exceeding 100 gigawatts (GW) of cumulative module sales globally. As of June 30, 2026, FSLR’s contracted backlog totaled 45.1 GW with an aggregate transaction value of $13.6 billion.
Its gross margin expanded 1180 basis points (bps) from the second quarter of 2025, driven by net IEEPA tariff-related benefit, higher mix of modules qualifying for Section 45X tax credits and lower logistics costs.
Looking ahead, FSLR’s South Carolina facility is expected to provide up to 3.5 GW of finishing capacity for modules, with the first phase of the finishing facility remaining on track to begin production in the second half of 2026. FSLR expects the second phase of the facility to be completed by mid-2027. The company expects its 2026 results to reflect a net-tariff impact of $60 million to $80 million.
First Solar-Heavy ETFs in FocusInvesco Solar ETF (TAN - Free Report)
This fund, with a market value worth $1.41 billion, provides exposure to 35 companies from the solar energy industry. Of these, First Solar takes the first spot, holding 10.60% of the fund.
TAN has gained 8.7% year to date and charges 70 basis points (bps) in fees.
This fund, with net assets worth $5.6 million, provides exposure to companies involved in clean energy innovation and commercialization across the utility, industrial, technology and energy sectors. First Solar takes the first spot in VCLN's holdings, comprising 8.71% of the fund.
VCLN has rallied 12.2% year to date and charges 59 bps in fees.
iShares Global Clean Energy ETF (ICLN - Free Report)
This fund, with net assets worth $2.25 billion, offers exposure to 105 global companies involved in clean energy. Of these, First Solar takes the first spot, holding 8.67% of the fund.
ICLN has risen 12.2% year to date and charges 39 bps in fees.
Global X CleanTech ETF (CTEC - Free Report)
This fund, with net assets worth $25.5 million, offers exposure to 40 companies involved in renewable energy production, energy storage, smart grid implementation, residential/commercial energy efficiency, and/or the production and provision of pollution-reducing products and solutions. Of these, First Solar takes the second spot, holding 7.43% of the fund.
CTEC has rallied 10.1% year to date and charges 50 bps in fees.
SolarEdge varuje, že tržby ve 3. čtvrtletí budou slabší, než se čekalo, a očekává je v rozmezí 310 až 340 milionů dolarů (střed 325 milionů dolarů), kvůli přetrvávající slabosti amerického rezidenčního solárního trhu. Akcie na to ve středu klesly asi o 24 %.
SolarEdge Technologies (NASDAQ:SEDG) shares fell about 24% on Wednesday after the solar technology company issued a weaker-than-expected third quarter outlook, overshadowing better-than-expected second quarter results.
The company guided for Q3 2026 revenue of $310 million to $340 million, with a midpoint of $325 million, below analyst expectations of roughly $368 million to $372 million. The lighter forecast reflected ongoing uncertainty in residential solar demand, particularly in the US, and weighed on investor sentiment.
SolarEdge reported second quarter revenue of $346.2 million, ahead of Wall Street expectations of about $342 million and up 19.6% from $289.4 million a year earlier.
Adjusted earnings per share came in at $0.05 to $0.06, compared with analyst expectations for approximately break-even results.
The company reported continued improvement in profitability during the quarter, with non-GAAP gross margin expanding to 28.6% from 13.1% in the year-ago period. Non-GAAP operating income reached $10.2 million, compared with an operating loss of $48.3 million in Q2 2025, while non-GAAP net income was $3.6 million versus a loss of $47.7 million a year earlier.
On a GAAP basis, SolarEdge posted a net loss of $30.8 million, or $0.50 per diluted share, narrowing from a net loss of $124.7 million, or $2.13 per share, in the prior-year quarter.
“Our second-quarter results mark an important milestone in SolarEdge’s turnaround,” the company’s CEO Shuki Nir said in a statement.
“Revenue grew 20% year over year, GAAP operating loss narrowed significantly, and we returned to non-GAAP operating profitability for the first time since the second quarter of 2023, while continuing to generate positive free cash flow.”
Nir highlighted stronger demand in Europe and growth in US commercial and industrial markets, which helped offset industry-wide weakness in US residential solar.
SolarEdge ended the quarter with $264.6 million in cash and investments, net of debt, compared with $244.2 million at the end of 2025. Free cash flow was $3.1 million in the quarter, compared with negative free cash flow of $9.1 million in the second quarter of 2025.
Gilead ve 2. čtvrtletí zvýšil tržby o 10 % na 7,80 miliardy USD díky HIV, Trodelvy a Livdelzi a zároveň zvedl výhled pro HIV i celoroční tržby z produktů. Upravená ztráta činila 6,75 USD na akcii kvůli akvizičním nákladům.
Key Takeaways GILD beat Q2 revenue estimates as HIV, Trodelvy and Livdelzi drove 10% year-over-year sales growth. Gilead raised 2026 HIV and product sales guidance as Biktarvy, Descovy and Yeztugo delivered strong growth. GILD reported a wider loss from acquisition charges while advancing HIV and oncology regulatory milestones. Gilead Sciences, Inc. (GILD - Free Report) reported a second-quarter 2026 adjusted loss of $6.75 per share, narrower than the Zacks Consensus Estimate of a loss of $7.07. In the year-ago quarter, GILD posted adjusted earnings of $2.01 per share.
The significant decline was due to acquired in-process research and development (IPR&D) expenses related to the acquisitions of Arcellx, Tubulis and Ouro Medicines.
Revenues increased 10% year over year to $7.80 billion, which beat the Zacks Consensus Estimate of $7.37 billion. Growth was driven by the HIV portfolio, along with Trodelvy and Livdelzi. Product sales excluding Veklury rose 10% to $7.60 billion.
Shares of GILD have gained 10.2% year to date compared with the industry’s growth of 0.8%.
Image Source: Zacks Investment Research
GILD's HIV Franchise Drives GrowthHIV product sales increased 12% year over year to $5.69 billion, reflecting higher average realized prices and demand. The figure beat the Zacks Consensus Estimate of $5.4 billion and our model estimate of $5.35 billion.
Flagship HIV therapy Biktarvy sales rose 7% to $3.80 billion, driven by pricing, favorable inventory dynamics and higher demand. Sales surpassed the Zacks Consensus Estimate of $3.65 billion and our model estimate of $3.72 billion.
Biktarvy continues to lead as the regimen of choice for both naive and switch patients across major markets.
Descovy sales jumped 48% to $967 million, comfortably exceeding the Zacks Consensus Estimate of $750 million and our model estimate of $701 million. The increase reflected higher demand and realized prices, particularly in HIV prevention.
Incremental sales of newly approved Yeztugo (lenacapavir) for pre-exposure prophylaxis (PrEP) also boosted HIV product sales. Yeztugo raked in sales of $232 million in the second quarter.
Driven by a $4 billion annualized PrEP business and the continued strong performance of Biktarvy, Gilead raised its full-year HIV sales growth guidance to 9-10% from the previous 8% forecast. GILD continues to expect Yeztugo sales of approximately $1 billion in 2026.
Gilead's Liver Disease Portfolio Sales AdvanceLiver Disease portfolio sales increased 10% to $877 million. The figure topped the Zacks Consensus Estimate of $800 million and our model estimate of $787 million. Higher demand for Livdelzi, hepatitis B treatments and Hepcludex more than offset lower hepatitis C product sales.
GILD's Cell Therapy Sales Face PressureCell Therapy sales declined 14% year over year to $417 million amid continued competitive headwinds. The figure matched the Zacks Consensus Estimate but came below our model estimate of $418.8 million.
Yescarta sales decreased 12% to $346 million due to competition. Tecartus sales fell 24% to $70 million because of in-class competition.
Gilead now expects full-year Cell Therapy sales to decline by a mid-teens percentage.
Trodelvy Boosts GILD’s Q2 RevenuesTrodelvy sales increased 26% year over year to $457 million, beating the Zacks Consensus Estimate of $448 million and our model estimate of $427 million. Growth reflected stronger demand across triple-negative and previously treated HR-positive/HER2-negative metastatic breast cancer.
The recent first-line metastatic triple-negative breast cancer approvals expand Trodelvy's addressable population. Management said adoption has broadened following regulatory approvals and treatment guideline updates.
Gilead's Costs Reflect Acquisition ChargesAdjusted product gross margin remained unchanged year over year at 86.9%. Adjusted research and development expenses declined 1% to $1.43 billion, as lower oncology clinical study activity offset costs associated with newly acquired businesses.
Adjusted selling, general and administrative expenses increased 12% to $1.52 billion, mainly due to higher HIV promotional spending. Acquired in-process research and development expenses totaled $11.2 billion, primarily related to the Arcellx, Tubulis and Ouro Medicines acquisitions.
As of June 30, 2026, Gilead's cash, cash equivalents and marketable debt securities totaled $3.2 billion, down from $10.6 billion as of Dec. 31, 2025. The decline was primarily due to $11.3 billion in acquisition-related cash outflows, $2.8 billion in debt repayments, $2.1 billion in dividend payments and $774 million in share repurchases.
These acquisition-related charges were the main reason for the adjusted quarterly loss. Excluding the acquisitions and nonrecurring other revenues, management indicated that adjusted earnings would have been $2.27 per share.
GILD Raises 2026 Base Business OutlookGilead now expects product sales of $30.10-$30.40 billion in 2026, up from the earlier expectation of $30.00-$30.40 billion. Product sales excluding Veklury are projected to be in the band of $29.80-$30.10 billion, up from the previous guidance of $29.40-$29.80 billion.
Veklury sales are now expected to be approximately $300 million, down from the earlier forecast of around $600 million, reflecting fewer COVID-19-related hospitalizations. Adjusted loss per share is projected between 30 cents and 65 cents compared with the previous loss guidance of 65 cents-$1.05.
The improved adjusted earnings outlook reflects stronger base-business sales.
Key Pipeline and Regulatory Updates From GILDThe FDA accepted Gilead's supplemental new drug application for Yeztugo (lenacapavir) 300 mg tablets as a potential once-weekly oral HIV PrEP regimen, with a target date of Feb. 2, 2027.
Gilead and partner Merck (MRK - Free Report) reported positive phase III results from the ISLEND-1 and ISLEND-2 studies, demonstrating the potential of the investigational once-weekly oral combination of islatravir and lenacapavir in virologically suppressed adults with HIV.
The FDA also granted accelerated approval to Hepcludex for the treatment of chronic hepatitis D virus (HDV) infection in adults without cirrhosis or with compensated cirrhosis, making it the first and only FDA-approved therapy for HDV in the United States.
Trodelvy received FDA approval for first-line metastatic triple-negative breast cancer (mTNBC), as a monotherapy for patients who are not candidates for PD-1/PD-L1 inhibitor-based therapy or in combination with Merck’s Keytruda combination with Keytruda (pembrolizumab) or Keytruda Qlex (pembrolizumab and berahyaluronidase alfa-pmph) for patients whose tumors express PD-L1 (CPS ≥10).
The European Commission approved Trodelvy monotherapy for first-line unresectable locally advanced or metastatic TNBC in patients ineligible for PD-1/PD-L1 therapy.
The EMA's CHMP issued a positive opinion for Trodelvy plus Keytruda as a first-line treatment for PD-L1-positive unresectable locally advanced or metastatic TNBC.
However, Gilead and partner Merck announced that the phase III EVOKE-03 study was discontinued. The study was evaluating Trodelvy plus Keytruda in first-line PD-L1-high metastatic non-small cell lung cancer after an independent review found the study was unlikely to meet its efficacy goals.
Our Take on GILD’s Q2 PerformanceGilead delivered a strong second quarter, with both earnings and revenues exceeding expectations. The HIV franchise remains the principal growth engine, supported by Biktarvy's durability and rapid expansion of the prevention business.
Descovy and Yeztugo’s strong performance is boosting the top-line growth. Per GILD, Yeztugo has quickly become the leading long-acting PrEP option for new patient starts.
Management's higher HIV outlook reinforces the franchise's near-term momentum.
The FDA had earlier accepted Gilead’s new drug application for bictegravir/lenacapavir (BIC/LEN) for virologically suppressed people living with HIV under priority review, setting a target action date of Aug. 27, 2026. A potential approval of BIC/LEN will further bolster its HIV portfolio.
Approval of additional better treatments should bolster GILD’s HIV franchise in the wake of increasing competition from the likes of GSK plc (GSK - Free Report) .
HIV sales account for a major chunk of GSK’s Specialty Medicines portfolio. GSK continues to grow its HIV business, driven by strong patient demand for long-acting injectable medicines (Cabenuva and Apretude) and Dovato. The solid growth from these drugs has helped GSK combat the decline in Triumeq sales.
Trodelvy and Livdelzi are adding meaningful diversification, while additional approvals could expand their growth runway.
Gilead’s recent aggressive dealmaking strategy, including the acquisitions of Arcellx and Tubulis, underscores its commitment to diversifying beyond its core HIV franchise and expanding into higher-growth oncology and immunology markets.
Launch preparations are underway for anito-cel (added from Arcellx acquisition), which has a Dec. 23 regulatory action date for heavily pretreated relapsed or refractory multiple myeloma.
The Tubulis acquisition added next-generation antibody-drug conjugate (“ADC”) assets, including GS-8824, a NaPi2b-directed topoisomerase-I inhibitor ADC, and a platform to develop novel ADCs, to GILD’s pipeline.
However, competitive pressure in Cell Therapy remains a notable weakness, and recent acquisitions have created substantial near-term earnings volatility.
SSR Mining ve 2. čtvrtletí vykázala volný peněžní tok 50,3 milionu USD a obnoví čtvrtletní dividendu 0,03 USD, splatnou v září pro akcionáře k rozhodnému dni 14. srpna. Akcie reagovaly růstem o 9,7 % během dne.
Reporting second-quarter 2026 financial results this morning before the market opened, SSR Mining (SSRM +9.12%) failed to post the top- and bottom-line results that analysts anticipated. Investors, however, don't seem overly concerned as there were plenty of other bright spots in the precious metals company's quarterly report.
As of 12:39 p.m. ET, SSR Mining shares are up 9.7%.
Image source: Getty Images.
Strong free cash flow is helping SSR Mining stock to glitter in investors' eyes In Q2 2026, SSR Mining generated free cash flow of $50.3 million. This contributed to the company generating $299.1 million in the first half of 2026 -- notably higher than the $137.7 million that it reported in the first half of 2025. SSR Mining's strong free cash flow over the past two quarters is even more impressive when compared to the negative $125.7 million that it reported for the same period in 2024.
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In addition to the $400 million in share buybacks in 2026, management announced the reinstatement of the dividend. After the February 2024 incident at its Copler mine (which it has subsequently sold) in Turkey, SSR Mining suspended dividend payments. Today, however, investors learned that the company will resume a quarterly dividend of $0.03, payable in September to holders of record at the close of business on Aug. 14.
SSR Mining reported Q2 2026 revenue of $443.8 million and adjusted earnings per share (EPS) of $0.66. Analysts had anticipated the company reporting sales of $464 million and adjusted EPS of $0.68.
Is it too late to buy SSR Mining stock? While the market is impressed with SSR Mining's Q2 2026 financial results, investors who are looking for exposure to precious metals stocks shouldn't immediate rush to pick up shares. Value investors, for example, may find SSR Mining's current operating cash flow multiple of 6.8 unappealing, given its five-year average cash flow ratio of 5.9. Plus, with its new dividend providing a modest 0.4% forward yield, income investors will want to look elsewhere for more robust passive income opportunities.
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.
Palantir za měsíc vzrostl o 21,6 % díky silnému růstu adopce AI a hospodářských výsledků. Tržby ve 2. čtvrtletí stouply meziročně o 92,8 % na 1,94 miliardy USD.
Key Takeaways Palantir shares rose 21.6% in a month as AI adoption and financial execution strengthened.Commercial revenue surged 109.7%, led by 149% growth in U.S. commercial sales.PLTR's 88.5X forward earnings multiple leaves little room for slower growth or weaker margins. Palantir Technologies Inc. (PLTR - Free Report) shares have advanced 21.6% in the past month, beating the sub-industry's 5.1% gain, extending a rally backed by faster AI adoption and sharply improved financial execution.
Image Source: Zacks Investment Research
The central question is whether Palantir can continue exceeding elevated expectations. Its growth, margins and cash generation support the bullish case, but a demanding valuation leaves little room for a slowdown.
Palantir’s Growth Signals StrengthenedSecond-quarter revenues climbed 92.8% year over year to $1.94 billion. Earnings increased 156.3% to 41 cents per share, showing that profit growth continued to outpace the top line.
Results also cleared expectations. Revenues beat the consensus mark by 7.2%, while earnings delivered a 17.1% surprise. Those gains suggest that demand and operating leverage were stronger than investors had anticipated.
PLTR’s Commercial Engine Is AcceleratingCommercial revenues rose 109.7% year over year, outpacing 79% growth in government revenues. The mix matters because it broadens Palantir’s expansion beyond the government customers that historically anchored its business.
Palantir closed 220 deals valued at $1 million or more. U.S. commercial revenue jumped 149%, indicating that AIP adoption is gaining traction among enterprises seeking to deploy AI within operational workflows.
Palantir’s Margins and Cash Flow Add SupportAdjusted gross margin reached 86%, while adjusted operating margin was 62%. These levels show that rapid revenue growth is translating into substantial operating leverage rather than being absorbed by an equally fast rise in costs.
Adjusted free cash flow was roughly 63% of revenues. Palantir also ended the quarter with $9.2 billion in cash, cash equivalents and short-term U.S. Treasury securities, giving it ample capacity to fund product development and customer deployments while scaling.
PLTR’s Valuation Raises the BarPLTR trades at 88.5X forward earnings, far above the comparable sub-industry. That premium reflects exceptional growth, but it also assumes that the company can sustain unusually high expansion and profitability.
Image Source: Zacks Investment Research
Further gains may therefore depend on continued earnings beats and upward estimate revisions. Even a solid quarter could disappoint investors if revenue growth, contract activity or margins fail to match the expectations embedded in the stock.
Palantir Still Faces Execution RisksCompetition remains intense. Microsoft Corporation (MSFT - Free Report) offers Microsoft Foundry for building and governing enterprise AI applications and agents, while Amazon.com, Inc. (AMZN - Free Report) provides similar production-scale capabilities through Amazon Bedrock. Alphabet Inc. (GOOGL - Free Report) also targets enterprise agent development through Google Cloud’s Gemini Enterprise Agent Platform.
Palantir has committed to spend at least $5.6 billion on cloud services through February 2036, reducing cost flexibility if demand moderates. Credit concentration adds another risk, as one customer represented 27% of accounts receivable at June 30, 2026.
PLTR’s Growth and Momentum Scores Support the RallyPalantir’s operating momentum supports the recent share-price strength, but valuation remains the key restraint. Sustaining the rally will likely require continued execution across commercial adoption, contract growth, margins and cash flow.
The stock carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Coupled with a Growth Score of A and Momentum Score of B, those readings favor its growth and near-term momentum characteristics. A Value Score of F and VGM Score of C, however, show that the stock’s premium valuation limits its broader style appeal.
Micron za poslední měsíc klesl o 9,4 %, ale slabost je podle článku hlavně důsledkem tlaku na celý sektor pamětí a realizace zisků. Firma má vyprodánu produkci HBM na kalendářní rok 2026 a část kapacity pro rok 2027 je už rezervována v rámci dlouhodobých smluv. Ve 3. čtvrtletí fiskálního roku 2026 tržby vyskočily o 346 % na 41,46 miliardy USD.
Key Takeaways Micron fell 9.4% in a month, but the pullback reflects sector pressure and profit-taking.MU sold out its 2026 HBM output, with part of 2027 capacity reserved under long-term agreements.Micron's fiscal Q3 revenues rose 346% to $41.46B as margins expanded and AI memory demand surged. Micron Technology, Inc. (MU - Free Report) has lost some of its momentum after a stellar run earlier this year. The stock has fallen 9.4% over the past month, much worse than the Zacks Computer and Technology sector's 2% decline. At first glance, such a sharp pullback may look concerning. However, a closer look suggests that the weakness has more to do with broader market sentiment than any deterioration in Micron's business.
The recent selling has not been limited to Micron. Other memory and storage companies, such as Sandisk (SNDK - Free Report) , Western Digital (WDC - Free Report) and Seagate Technology (STX - Free Report) , have also come under pressure. Over the past month, Sandisk, Western Digital and Seagate Technology have declined 18.2%, 5.6% and 2.7%, respectively. This indicates that investors are trimming exposure to the memory and storage space as a whole rather than singling out Micron.
Micron One-Month Price Return Performance
Image Source: Zacks Investment Research
The sell-off has been driven by two key concerns. First, investors are debating whether hyperscalers will earn attractive returns on their massive AI investments. Second, memory stocks rallied sharply in the first half of 2026, prompting many investors to lock in profits after strong gains.
Despite this negative sentiment, Micron's underlying business remains strong. The company remains one of the biggest beneficiaries of the AI infrastructure boom, and the demand outlook for its products continues to improve.
AI Memory Demand Remains Micron's Biggest Growth DriverAI is transforming the memory industry, and Micron is well positioned to benefit. Training and running advanced AI models require much larger memory capacity and significantly higher bandwidth than traditional computing workloads. This is driving strong demand for high-bandwidth memory (HBM), DDR5 DRAM and advanced data center SSDs, where Micron has built a strong portfolio.
The spending plans of major cloud providers further reinforce this opportunity. Amazon, Microsoft, Alphabet and Meta Platforms are expected to invest nearly $700 billion in capital expenditures during 2026, with AI infrastructure accounting for a significant share of that spending. Every new AI server requires substantially more memory than previous-generation systems, creating a powerful demand tailwind for Micron.
The company has also strengthened its competitive position through product innovation. Its latest HBM solutions deliver higher capacity, better performance and improved power efficiency, making them attractive for AI accelerators used by leading chipmakers and cloud providers. Demand has been so strong that Micron has already sold out its HBM production for calendar year 2026, while a meaningful portion of its 2027 capacity has already been reserved under long-term customer agreements.
As enterprises continue expanding AI deployments, memory content per server is expected to keep rising. This gives Micron a long runway for sustained revenue growth.
MU’s Results Show the AI Opportunity Is Already Paying OffMicron's financial performance clearly shows that AI demand is translating into real business growth.
In the third quarter of fiscal 2026, revenues surged 346% year over year to $41.46 billion. The company also signed 16 strategic customer agreements across the data center, consumer and automotive markets. These agreements cover nearly 20% of expected DRAM volumes and about one-third of NAND volumes over the contract period, providing strong revenue visibility.
The company is also selling a larger mix of premium memory products, allowing profits to grow much faster than shipment volumes. Non-GAAP earnings per share jumped to $25.11 from just $1.91 a year ago, while both revenues and earnings comfortably exceeded analysts' expectations.
Profitability improved sharply as better DRAM and NAND pricing combined with rising shipments of AI-focused memory products. Non-GAAP gross margin expanded to 84.9% from 39% a year earlier. Non-GAAP operating income climbed to $33.68 billion from $2.49 billion, while operating margin rose to an impressive 81.2% from 26.8%.
These numbers highlight Micron's strong pricing power and ability to convert booming AI demand into significantly higher earnings.
At the same time, management continues investing aggressively in advanced manufacturing and next-generation memory technologies. These investments should help Micron defend its technology leadership and meet growing customer demand over the coming years.
Micron Still Looks UndervaluedDespite its strong earnings growth, Micron's valuation remains surprisingly modest. The stock currently trades at a forward 12-month price-to-earnings (P/E) ratio of just 5.88, well below the sector average of 21.26.
Micron Forward 12-Month P/E Ratio
Image Source: Zacks Investment Research
Micron also trades at a discount to several memory peers. Sandisk trades at a forward P/E of 7.45, while Seagate Technology and Western Digital trade at 23.29 and 27.30, respectively.
A low valuation alone is not enough to justify buying a stock. However, when that valuation is backed by explosive earnings growth, expanding margins and powerful long-term industry trends, it becomes much more compelling. Micron checks all of those boxes.
Conclusion: Buy Micron StockGiven Micron’s leadership in AI memory, strong execution, expanding profitability and inexpensive valuation, the recent pullback appears to be a buying opportunity rather than a reason for concern. Investors looking to benefit from the ongoing AI infrastructure buildout should consider buying Micron stock at current levels.
Currently, Micron sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) stock is sliding on Wednesday as chip names digest a mixed tape.
The Nasdaq is down 0.06% while the S&P 500 has gained 0.27%.
• Taiwan Semiconductor stock is showing positive momentum. What’s the outlook for TSM shares?
The contract chipmaker is expanding advanced chip production as AI customers increase demand for higher-performance, lower-power 3nm and 2nm technologies.
AI Demand Drives 3nm ExpansionTSMC has raised this year’s capital expenditure plan to $60 billion to $64 billion, with about 70% to 80% of that spending directed toward advanced process technologies.
TSMC Adds Capacity Across Key SitesThe company is adding three new 3nm fabrication plants in Taiwan, Arizona and Kumamoto, Japan, while also converting some existing 5nm production lines to support more 3nm capacity.
Demand for TSMC’s 2nm process also remains strong, with monthly wafer output expected to approach 100,000 wafers by the end of the year, in line with the company’s production roadmap.
Technical AnalysisFrom a trend perspective, TSMC is still in a longer-term uptrend, trading about 15.7% above its 200-day SMA ($358.98) and about 4% above its 100-day SMA ($399.47). The near-term picture is choppier: the stock is about 2.5% below its 50-day SMA ($425.84), and the 20-day SMA ($410.99) remains below the 50-day SMA, a short-term bearish alignment.
Earnings & Analyst OutlookLooking further out, the next major catalyst for the stock arrives with the Oct. 15 (estimated) earnings report.
EPS Estimate: $4.03 (Up from $2.92 year-over-year) Revenue Estimate: $42.75 billion (Up from $33.10 billion YoY) Valuation: P/E of 36.6x (Indicates premium valuation relative to peers) Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $551.67. Recent analyst moves include:
Needham: Buy (Raises target to $530 on July 27) DA Davidson: Buy (Raises target to $500 on July 17) TD Cowen: Hold (Raises target to $440 on July 17) Top ETF ExposureSignificance: Because TSMC carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely trigger automatic buying or selling of the stock.
TSM Price ActionTaiwan Semiconductor shares were down 0.55% at $414.88 at the time of publication on Wednesday, according to Benzinga Pro data.
Image via Shutterstock
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Dan Ives říká, že výprodej softwarových akcií je nejvíc odtržený od fundamentů, jaký viděl od konce 90. let. Microsoft, ServiceNow a Salesforce přitom dál hlásí silný růst tržeb a AI zakázek.
Software stocks have taken a beating this year over fears of competition from artificial intelligence (AI). Shares of Microsoft (MSFT -0.98%), Salesforce (CRM +0.75%), and ServiceNow (NOW -1.05%) have underperformed the broader market this year, down as much as 29% year to date as of this writing.
But in a CNBC appearance earlier this year, top tech analyst Dan Ives saw the sell-off as the most disconnected from business fundamentals he has seen since the late 1990s. Recent earnings results have supported Ives' bullish view and suggest Wall Street might be wrong to discount these stocks.
Image source: Getty Images.
Strong fundamentals support the bull case Microsoft stock is roughly flat so far this year, underperforming the Nasdaq Composite's 11% return. This is despite the software giant reporting a strong 18% year-over-year increase in revenue last quarter, with surging demand across its Azure enterprise cloud platform and paid Microsoft 365 Copilot seats, which now exceed 30 million.
ServiceNow is another underperformer, down 24%. Yet the workflow automation leaders' subscription revenue continues to grow at high rates, up 23% in constant currency in the second quarter. The company closed 123 deals worth over $1 million, with strong momentum in AI-related contracts.
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Salesforce posted a 14% year-over-year increase in first-quarter revenue -- beating the consensus analyst estimate for the second straight quarter. Current remaining performance obligations reached nearly $34 billion. Like Microsoft and ServiceNow, Salesforce is seeing momentum in AI-related products. It signed a record 98 deals worth over $1 million in new annual contract value.
These results show that customers are turning to software providers they already know and trust to handle AI integration, workflows, and security in their operations. This validates Ives' view that software is the "heart and lungs" of the AI build-out.
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Risks to watch Microsoft, ServiceNow, and Salesforce are providing the data, security, and workflow orchestration that enable AI models to perform productive work.
Still, investors will have to watch for possible headwinds these companies face. For example, Microsoft is investing heavily in AI infrastructure to expand data center capacity that could pressure its near-term earnings. Microsoft spent $41 billion in capital expenditures last quarter alone.
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Moreover, as AI agents become more widely adopted and capable of completing increasingly complex projects, they could reduce the need for companies to purchase additional software licenses (user seats), thereby pressuring software companies' revenue growth.
However, Ives' view that these leaders will be difficult to replace because of their deep integration with enterprise systems is holding up. Analysts are still maintaining their long-term earnings growth estimates for these companies. The recent sell-off in top software stocks looks more like a buying opportunity than a reason to sell.
Lockheed Martin má rekordní backlog ve výši 230 miliard USD a získal sedmiletou zakázku až za 58,62 miliardy USD na výrobu PAC-3 MSE. Akcie za poslední tři měsíce vzrostly o 15,5 %.
Key Takeaways Lockheed Martin's record $230B backlog and major awards support long-term revenue visibility and growth.LMT is expanding missile production and international partnerships to meet sustained defense demand.LMT trades below industry valuation, but execution risks and elevated debt warrant investor caution. Lockheed Martin’s (LMT - Free Report) shares have risen 15.5% over the past three months, outperforming the Zacks Aerospace-Defense industry’s growth of 12.2%. The company’s record backlog, expanding munitions capacity and alignment with U.S. and allied defense priorities support durable growth.
Image Source: Zacks Investment Research
Shares of other defense stocks, such as General Dynamics (GD - Free Report) and RTX Corporation (RTX - Free Report) , have also risen during the same period. Shares of General Dynamics and RTX have risen 10.5% and 26.1%, respectively, over the same time frame.
Considering Lockheed Martin’s outperformance, investors might be left wondering if this is a good time to add LMT stock to their portfolio. Let's examine the factors that contributed to the share price gain and assess the stock's investment prospects to make an informed decision.
Tailwinds for LMT StockLockheed Martin stands out for its broad portfolio and the scale of its established franchises, including the F-35, PAC-3, THAAD, PrSM, HIMARS, Aegis and strategic space programs. Its combat-proven systems and willingness to invest in production capacity before formal awards also strengthen its ability to respond quickly as customer priorities shift.
LMT is converting elevated demand into longer-duration awards that improve revenue visibility and support capacity planning. Backlog reached a record $230 billion as of June 28, 2026, after the company booked $65 billion of second-quarter orders and achieved a 3.2 book-to-bill ratio. The total includes a seven-year, $35 billion contract to quadruple THAAD interceptor production, alongside new GMLRS, HIMARS, radar and space awards. Management said this contract base should fuel sales growth for years.
International customers represented 28% of LMT’s 2025 sales, providing a broad demand base beyond U.S. programs. The company is extending that presence through co-production and regional sustainment initiatives. It signed an agreement with Rheinmetall to pursue ATACMS production in Europe and is supporting exploration of a dedicated European PAC-3 maintenance facility.
On July 29, the U.S. Department of War awarded Lockheed Martin a seven-year, multiyear contract worth up to $58.62 billion to produce PAC-3 MSE Patriot interceptor missiles under its Acquisition Transformation Strategy. The funding also supports LMT’s plan to triple PAC-3 MSE production by 2030 and expand employment at its Camden, AR, facility by roughly 50%. This improves operating leverage while positioning the company to benefit from sustained global demand for advanced air and missile defense systems amid rising geopolitical tensions.
Challenges for LMT StockLockheed Martin remains exposed to cost-estimate and schedule risk on complex programs, especially under fixed-price arrangements. Second-quarter 2026 results benefited from the absence of the $1.6 billion in reach-forward losses recorded in the prior-year period, rather than reflecting the elimination of the underlying execution risk. Aeronautics also recorded $160 million of lower net favorable profit adjustments.
Management cited F-16 and C-130 program challenges as factors affecting Aeronautics margins, while lower initial booking rates on new contracts may weigh on profitability. The company also retains existing classified and helicopter program exposures on its balance sheet, which could continue to generate additional program losses over time if cost, scope or approval assumptions deteriorate.
Estimates for LMT StockThe Zacks Consensus Estimate for 2026 earnings per share (EPS) indicates year-over-year growth of 31.1%. LMT’s long-term (three to five years) earnings growth rate is 19.19%.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for General Dynamics’ 2026 EPS indicates year-over-year growth of 9.2%. GD’s long-term earnings growth rate is 10.2%. The Zacks Consensus Estimate for RTX’s 2026 EPS indicates year-over-year growth of 14.6%. RTX’s long-term earnings growth rate is 11.64%.
LMT’s Earnings Surprise HistoryThe company beat on earnings in three of the trailing four quarters and missed in one, delivering an average surprise of 8.85%.
Image Source: Zacks Investment Research
LMT’s Debt PositionCurrently, the company’s total debt to capital is 70.08%, higher than the industry’s average of 47.1%.
Image Source: Zacks Investment Research
LMT Stock Trades at a DiscountIn terms of valuation, LMT’s forward 12-month price-to-sales (P/S) is 1.64X, a discount to the industry’s average of 2.69X. This suggests the stock is trading at a lower valuation relative to its projected sales growth compared with its peer group.
Image Source: Zacks Investment Research
What Should an Investor Do Now?Lockheed Martin continues to strengthen its leadership in missile defense and advanced military systems through a broad portfolio, expanding international partnerships, and long-term contract wins that enhance revenue visibility and support sustained production growth. The company is also increasing manufacturing capacity and investing in its industrial base, positioning it to capitalize on rising global demand for air and missile defense solutions driven by higher defense spending and geopolitical tensions.
Considering its financial pressures and current debt levels, new investors should wait and watch for a better entry point. Investors who already own this Zacks Rank #3 (Hold) stock may consider retaining it, given the company’s earnings growth outlook and price performance.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Ondo Finance jmenovala bývalého výkonného pracovníka Blockchain.com Adama Schlismana CFO. Firma rozšiřuje tokenizovanou platformu, jejíž Ondo Stocks už překročila 1 miliardu USD v TVL.
Updated Aug 5, 2026, 2:04 p.m. Published Aug 5, 2026, 1:00 p.m.
2 min read
Ondo Finance CFO Adam Schlisman. (Ondo)Summary
Ondo Finance named former Blockchain.com CFO Adam Schlisman as chief financial officer.Schlisman most recently served as CFO of macro hedge fund Monashee Investment Management.The hire comes as Ondo scales its tokenized securities platform, which has surpassed $1 billion in TVL.Ondo Finance has appointed former Blockchain.com executive Adam Schlisman as chief financial officer as the tokenized-assets firm expands its finance operations amid growing adoption of onchain capital markets, the company said in a press release on Wednesday.
Schlisman joins from global macro hedge fund Monashee Investment Management, where he served as CFO.
Before that, he was chief financial officer at Blockchain.com, overseeing finance, treasury and risk during a period of rapid growth. Earlier in his career, he spent nearly a decade at Graham Capital Management in portfolio management and risk roles.
Founded in 2021 by former Goldman Sachs executives, Ondo is one of the largest tokenized real-world asset platforms, offering blockchain-based U.S. Treasuries and stocks with more than $3.5 billion across its products.
Tokenization has emerged as one of crypto's fastest-growing sectors as Wall Street firms race to bring traditional financial assets onto blockchain rails. Banks, asset managers and crypto-native firms are increasingly issuing tokenized versions of Treasuries, money market funds, private credit and equities, betting the technology can reduce settlement times, improve market access and unlock round-the-clock trading.
“Ondo has reached the inflection point every finance leader looks for,” Schlisman said in emailed comments. “Ondo Stocks crossing $1 billion in TVL, the growth of Ondo Perps and work with traditional market infrastructure providers like DTCC all point to the same thing: tokenized markets are moving from early adoption to institutional scale. My mandate is to build the financial operations that can scale with them,” he added.
The appointment comes as Ondo seeks to scale the financial infrastructure supporting its tokenized-assets business, which the firm says is moving from early adoption toward broader institutional use.
The platform is available on Solana, Ethereum and BNB Chain and is integrated with exchanges, wallets and custodians, including Binance, Bitget, MetaMask, Ledger and Blockchain.com.
CoinDesk reported last week that Ondo was evaluating a potential acquisition of between $250 million and $500 million, according to a person with knowledge of the matter.
Read more: Ondo Finance weighs acquisition worth up to $500 million
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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The Evolution of the Crypto CEX Landscape: A Case Study on Binance
The Evolution of the Crypto CEX Landscape: A Case Study on Binance
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Jun 29, 2026
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Why it matters:
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
@OndoFinance has officially integrated tokenized gold and silver as collateral on its perpetual futures platform, @OndoPerps, opening a new use case for precious-metal real-world assets (RWAs) in on-chain derivatives trading.
Putting Idle Metal to Work The update lets traders post tokenized gold and silver holdings directly as margin to back leveraged positions. Previously, accessing high-leverage exposure typically meant selling those holdings outright or parking capital in stablecoins. By using tokenized asset holdings directly as collateral for perpetual futures positions, traders no longer need to maintain separate capital reserves across multiple platforms. The move extends a collateral model that @OndoPerps originally built around tokenized equities and stablecoins to cover precious metals.
Ondo Perps launched in July 2026 as the first perpetual futures platform for equities and commodities to support tokenized holdings and stablecoins as collateral, combining 24/7 trading with up to 20x leverage and liquidity the firm says is comparable to conventional futures and options markets. The platform claims the fastest execution speed of any permissionless perps exchange, with order routing, margin updates, and liquidations processed in real time while maintaining decentralization guarantees.
Rapid Volume Growth The gold and silver collateral update arrives as @OndoPerps continues to scale quickly. The platform has now surpassed $6.5 billion in cumulative trading volume. According to data from DeFiLlama, Ondo Perps generated more than $320 million in trading volume over a single 24-hour period, with seven-day volume reaching $1.497 billion. The milestone came less than one month after Ondo Perps went live on July 7, making it one of the fastest-growing platforms focused on real-world asset perpetual futures.
By late July, it ranked fourth among all perpetual decentralized exchanges by tokenized equity volume, ahead of Lighter and AsterDEX. The integration of gold and silver as productive collateral is designed to deepen that momentum by giving commodity RWA holders a reason to stay active on the platform rather than sitting on static positions.
The platform offers up to 20x leverage depending on the supported market and trading conditions, with all contracts available for permissionless trading 24 hours a day, 365 days a year, without expiry dates.
Sources:
Ondo Perps Launch Press Release, PR Newswire
Ondo Perps Breaks Past $300M in 24-Hour Volume, TheStreet Crypto
Introducing Ondo Perps, Ondo Finance Official Blog
LayerZero se připojil ke Global Dollar Network a posiluje tak svou roli v regulované stablecoinové infrastruktuře. Síť sdružuje více než 150 institucí a firem.
LayerZero has become a member of the Global Dollar Network, strengthening its role in regulated stablecoin infrastructure, according to a Wednesday statement.
Launched in late 2024, the Global Dollar Network is an industry-wide stablecoin initiative built to promote institutional adoption of Global Dollar (USDG), a regulated US dollar-backed stablecoin issued by Paxos entities under regulatory oversight in Singapore and the European Union.
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The network’s founding members include Paxos, Robinhood, Kraken, Galaxy Digital, Anchorage Digital, Bullish, and Nuvei. Through the network, participants receive a share of the returns generated by USDG’s reserve assets in proportion to their contribution to the ecosystem, creating financial incentives for stablecoin adoption.
LayerZero said that its Omnichain Fungible Token (OFT) standard already powers USDG, while the partnership brings LayerZero into an ecosystem of more than 150 institutions and enterprises.
The move expands collaboration around interoperable dollar infrastructure, with LayerZero providing cross-chain connectivity across more than 170 blockchain networks.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Southwest Airlines spustí v roce 2027 program Business Priority pro firemní cestující. Nabídne pomoc v den cesty, náhradní lety, standby výhody, přednost při nástupu i více místa na nohy.
Are you taking a business trip anytime soon? Southwest Airlines might have just made your life easier.
On Monday, the Dallas-based airline announced its new Business Priority program, which will be available in early 2027.
Enrolled business travelers will get day-of-travel assistance and special travel perks as the airline competes for more, higher-paying business customers.
What you can get out of itWe’ve all been there: Your flight gets delayed, but you have a meeting later in the day you can’t miss.
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The Business Priority Program is aimed at giving business travelers more day-of flexibility and confidence to navigate these stressful situations.
The program will include preferred accommodations to help travelers quickly find alternate flights when plans are canceled or delayed. Qualifying travelers will also receive standby benefits and boarding privileges for better options on travel days.
The in-flight experience will improve, tooIn addition to Starlink internet access and in-seat power, Business Priority customers will get extra legroom and larger overhead bins, according to Southwest.
Oshkosh snížil výhled upraveného EPS pro rok 2026 na zhruba 11 USD na akcii kvůli pomalejšímu růstu výroby hasičských vozů. Tržby ve 2. čtvrtletí vzrostly o 6,7 % na 2,92 miliardy USD.
Key Takeaways Oshkosh's Q2 adjusted EPS beat estimates as revenues rose 6.7% to $2.92 billion.Access orders reached $1.5 billion, backed by infrastructure, data centers and large construction projects.Oshkosh cut 2026 EPS guidance amid slower-than-expected fire truck production. Oshkosh Corporation (OSK - Free Report) reported second-quarter 2026 adjusted earnings of $2.87 per share, down 15.8% year over year. Earnings, however, beat the Zacks Consensus Estimate of $2.60 by 10.39%. Consolidated adjusted operating income declined 17.7% to $257.6 million, while adjusted operating margin fell to 8.8% from 11.5%. Unfavorable sales mix and higher manufacturing overhead costs impacted the results.
Revenues rose 6.7% to $2.92 billion and beat the consensus mark of $2.75 billion by 6.18%. Higher sales volume and improved pricing supported the top line. Period-end backlog reached $14.75 billion, led by sizable Vocational and Transport order books.
OSK currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
OSK's Access Sales Rise on Strong OrdersAccess segment sales increased 9.4% year over year to $1.37 billion, driven by higher sales volume and improved pricing. Aerial work platform revenues rose to $735.1 million from $638 million, while telehandler revenues declined to $263.3 million from $325.1 million.
Adjusted operating income fell to $155.8 million from $185.7 million. Adjusted operating margin contracted to 11.3% from 14.8% due to adverse product and customer mix, unfavorable price-cost dynamics, higher litigation reserves, increased selling and administrative costs, and greater product-development spending. Higher sales volume partly offset these pressures.
Orders reached $1.5 billion and backlog was $1.96 billion at the end of the quarter, supported by infrastructure projects, data centers and other large construction developments.
Oshkosh's Vocational Margin Faces PressureVocational segment sales were nearly flat at $966.8 million. Higher municipal fire apparatus and airport product revenues were offset by lower refuse and recycling vehicle sales.
Adjusted operating income declined to $130.5 million from $157.9 million, with margin contracting to 13.5% from 16.3%. Adverse sales mix, higher manufacturing overhead and lower volume outweighed improved price-cost dynamics and lower incentive compensation accruals.
Fire truck shipments were roughly level with the prior-year quarter. Oshkosh expects production to increase about 10% in 2026 as it shifts from bay-based assembly to higher-flow production lines, though material-flow changes are taking longer than initially planned.
OSK's Transport Revenues Gain on NGDV RampTransport segment sales rose 11.9% to $536.1 million. Delivery vehicle revenues increased to $261.6 million from $107.1 million as production of the Next Generation Delivery Vehicle accelerated. Defense revenues fell to $274.5 million from $372 million.
Operating income decreased to $15.8 million from $17.8 million. Adverse mix and higher warranty and manufacturing overhead costs offset a $16.6 million one-time benefit tied to the NGDV program. Management expects margins to improve in the second half as NGDV production rises and revised defense contracts contribute.
Oshkosh Generates Strong Free Cash FlowSecond-quarter free cash flow reached $348 million, up sharply from $49 million a year ago. The company repurchased about 667,000 shares for $92 million during the quarter. OSK declared a quarterly dividend of 57 cents per share, to be paid out on Aug. 27, 2026, to shareholders of record as of Aug. 13.
OSK Cuts Earnings Outlook on Fire Truck RampOshkosh now expects 2026 adjusted earnings of about $11 per share, down roughly 50 cents from its prior guidance. The revision reflects slower-than-expected improvement in fire truck production, more than offsetting the stronger outlook for the Access segment.
The company raised its full-year sales expectation by $200 million and continues to project free cash flow of $550-$650 million. Management expects fourth-quarter results to exceed third-quarter performance as fire truck production improves, NGDV output rises and defense work shifts to revised-price contracts.
Key Releases From Auto SpaceGeneral Motors (GM - Free Report) reported second-quarter 2026 adjusted earnings of $3.57 per share, up 41.3% year over year. The figure beat the Zacks Consensus Estimate of $3.13 by 14.06%. Revenues increased 1.9% to $48.03 billion and surpassed the consensus estimate of $46.56 billion by 3.15%. General Motors raised its full-year adjusted EBIT guidance to $14-$16 billion from $13.5-$15.5 billion. Adjusted earnings are now projected at $12-$14 per share, up from the prior range of $11.50-$13.50.
Tesla, Inc. (TSLA - Free Report) reported second-quarter 2026 adjusted earnings of 33 cents per share, which declined 17.5% year over year. The figure missed the Zacks Consensus Estimate of 50 cents by 34%. Revenues advanced 25.5% to $28.24 billion and surpassed the consensus estimate of $25.81 billion by 9.41%. Tesla expects 2026 capital expenditures to exceed $25 billion and rise further over the next two to three years.
Ford (F - Free Report) reported second-quarter 2026 adjusted earnings of 42 cents per share, beating the Zacks Consensus Estimate of 33 cents by 27.27%. Earnings rose 13.5% from 37 cents a year ago. Automotive revenues of $44.89 billion fell 4.4% year over year and missed the consensus mark of $45.72 billion by 1.81%. Ford’s consolidated second-quarter revenues came in at $48.3 billion, down 3.7% year over year. The company raised its full-year adjusted EBIT outlook to $10-$11 billion from $8.5-$10.5 billion.
PSKY ve 2. čtvrtletí překonal odhady zisku i tržeb a zvýšil výhled upravené EBITDA na rok 2026 na 3,8–3,9 miliardy USD. Pro 3. čtvrtletí čeká růst tržeb o 4 % až 7 %.
Key Takeaways PSKY topped Q2 earnings and revenue estimates as DTC strength and Studios gains offset TV Media weakness.Paramount Skydance grew Paramount to 81.6M subscribers and expanded DTC EBITDA margin to 14.8%.PSKY forecast Q3 revenue growth of 4-7% and raised its 2026 adjusted EBITDA outlook. Paramount Skydance Corporation (PSKY - Free Report) reported second-quarter 2026 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate.
The quarter reflected continued strength in the Direct-to-Consumer (DTC) business, a Studios turnaround and disciplined cost management, partially offset by ongoing weakness in TV Media.
On the revenue front, PSKY posted total revenues of $6.91 billion, beating the Zacks Consensus Estimate of $6.88 billion by 0.43%. Revenues increased 0.93% year over year.
PSKY reported adjusted earnings of 18 cents per share, which beat the Zacks Consensus Estimate of 15 cents by 20%. The quarter included $153 million in transaction-related costs.
PSKY's Financial Performance OverviewGAAP operating income increased to $475 million in the second quarter of 2026 from $399 million in the year-ago quarter. Operating margin expanded to 6.9% from 5.8%, reflecting improved profitability across the DTC and Studios businesses and disciplined expense management despite continued pressure in linear television.
Adjusted EBITDA rose 27% year over year to $1.10 billion, while adjusted EBITDA margin expanded to 15.9% from 12.6%. The improvement was driven by continued DTC margin expansion, stronger Studios profitability and higher margins in TV Media through ongoing cost discipline. Management noted that enterprise-wide efficiency initiatives remain on track to deliver more than $2.7 billion in run-rate efficiencies by year-end 2026.
On the advertising front, digital advertising continued to gain traction, with DTC advertising revenues up 8% year over year and Paramount+ advertising revenues rising more than 30%, supported by stronger engagement and improved monetization.
PSKY's Q2 Segment Performance DetailsDTC revenues came in at $2.47 billion, up 9% year over year, led by 16% growth in Paramount+ revenues to $2.06 billion on subscriber and ARPU gains. Paramount+ ended the quarter with 81.6 million subscribers, adding approximately two million despite nearly two million international hard bundle exits. DTC adjusted EBITDA climbed 44% to $366 million, with margin expanding to 14.8% from 11.2%, supported by the platform's best-ever retention quarter, driven by Dutton Ranch, UFC programming and the FIFA World Cup in select Latin American markets.
Studios revenues grew 16% year over year to $1.31 billion on higher third-party television deliveries and the consolidation of Skydance licensing revenues, partly offset by a difficult theatrical comparison against Mission: Impossible – The Final Reckoning. Studios adjusted EBITDA improved to $36 million from a loss of $31 million a year earlier, reflecting a more disciplined approach to greenlighting, marketing and distribution.
TV Media revenues declined 9% year over year to $3.13 billion, with advertising down 14% on the NCAA lap and international divestitures, and affiliate revenues down 6% amid continued pay TV subscriber declines. TV Media adjusted EBITDA rose to $1.06 billion, with margin expanding to 34% from 26.4%, on disciplined cost management. CBS held seven of the top 10 broadcast series in the most recent broadcast season.
PSKY's Q2 Balance Sheet and Cash Flow DetailsCash and cash equivalents were $1.63 billion as of June 30, 2026, down from $1.94 billion as of March 31, 2026. Gross debt decreased sequentially to $15.16 billion from $15.48 billion, with $1.8 billion drawn under the revolving credit facility. Operating cash flow totaled $319 million and free cash flow was $258 million.
PSKY’s Q3 and 2026 OutlookFor the third quarter, PSKY expects revenues of $6.95 billion to $7.15 billion, implying 4% to 7% growth year over year, with Paramount+ subscribers expected to be roughly flat sequentially. Adjusted EBITDA is projected at $875 million to $975 million (13.1% margin at midpoint), with approximately $200 million in transformation costs expected during the quarter. Studios and TV Media profitability are expected to improve year over year, while DTC margins are expected to moderate on higher content amortization tied to the second-half programming slate.
For 2026, PSKY reaffirmed its $30 billion revenue target (4% growth) and raised its adjusted EBITDA outlook to $3.8-$3.9 billion from a prior guidance of $3.8 billion. Free cash flow conversion is now expected at a minimum of 10%, up from a prior guidance of 5%, before roughly $800 million in transformation costs. Management reiterated confidence that the proposed Warner Bros. Discovery acquisition will be completed.
Zacks Rank & Stocks to ConsiderPSKY currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Consumer Discretionary sector are American Public Education (APEI - Free Report) , Newsmax (NMAX - Free Report) and Target Hospitality (TH - Free Report) . Each stock carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
American Public Education is set to report second-quarter 2026 results on Aug. 10. The Zacks Consensus Estimate for American Public Education’s second-quarter EPS is pegged at 36 cents, unchanged over the past 30 days and indicating an improvement of 1900% year over year.
Newsmax is slated to report second-quarter 2026 results on Aug. 13. The Zacks Consensus Estimate for Newsmax’s second-quarter loss is pegged at 2 cents per share, unchanged over the past 30 days and indicating an improvement of 96.61% year over year.
Target Hospitality is slated to report second-quarter 2026 results on Aug. 10. The Zacks Consensus Estimate for Target Hospitality’s second-quarter loss is pegged at 10 cents per share, unchanged over the past 30 days and indicating an improvement of 33.33% year over year.
Carvana ve 2. čtvrtletí zvýšila tržby o 52,4 % na 7,37 miliardy USD a zisk na akcii byl v souladu s odhady na 42 centech. Maloobchodní prodeje dosáhly rekordu 197 325 kusů.
Key Takeaways Carvana's Q2 revenues rose 52.4% to $7.37 billion as retail units sold climbed 37.7% to a record.Retail revenue per unit increased 17.4% to $27,908, helping retail vehicle sales reach $5.5 billion.Carvana sees 2026 adjusted EBITDA of $2.7-$3 billion and expects third-quarter retail units to rise. E-commerce used vehicle retailer Carvana (CVNA - Free Report) reported earnings of 42 cents per share for the second quarter of 2026, in line with the Zacks Consensus Estimate. Earnings rose 61.5% year over year. Revenues of $7.37 billion increased 52.4% year over year and topped the consensus mark of $6.99 billion by 5.5%. The top-line beat reflected record retail volume and strong vehicle pricing.
CVNA's Retail Volume Reaches a RecordRetail vehicle sales increased 61.7% to $5.5 billion, supported by a 17.4% rise in revenue per retail unit to $27,908. Retail units sold advanced 37.7% to 197,325. Retail volumes have nearly doubled over the past two years and continued to outpace an industry that declined year over year. Wholesale sales and revenues grew 31.2% to $1.34 billion, while wholesale unit sales climbed 44.4% to 105,052.
CVNA currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Carvana's Gross Profit Rises, GPU DeclinesTotal gross profit increased 30.1% to $1.38 billion. Retail vehicle gross profit rose 34.4% to $700 million, wholesale gross profit advanced 19.7% to $158 million and other gross profit grew 28.0% to $526 million.
However, total gross profit per unit fell $412 to $7,014, and non-GAAP GPU declined $455 to $7,125. On a sequential basis, total gross profit and non-GAAP GPU improved by $231 and $214, respectively.
CVNA's Margins Reflect Growth InvestmentsOperating income increased to $680 million from $511 million, but adjusted EBITDA margin contracted to 10.4% from 12.4%. Adjusted EBITDA rose to $769 million from $601 million, showing strong dollar profit growth even as the margin narrowed.
Net income advanced 66.6% to $513 million. Selling, general and administrative expenses increased to $704 million from $551 million as advertising, logistics and other costs rose.
Carvana Expands Production CapacityInventory selection remains central to the company’s growth plan. Carvana integrated retail production capabilities at three additional ADESA sites during the quarter, bringing the total to 19, and began construction on its first full buildout at an ADESA location.
The current footprint provides fully built-out annual capacity for about 1.5 million retail units, with additional real estate available for expansion. The new full buildout is expected to begin producing vehicles in early 2027.
CVNA Builds Cash and LiquidityCash and cash equivalents totaled $2.63 billion as of June 30, 2026, up from $2.32 billion at year-end 2025. Committed liquidity resources were $4.67 billion, while total liquidity resources increased to $7 billion from $6.74 billion. For the first six months of 2026, net cash provided by operating activities rose to $345 million from $261 million.
Carvana Sets Full-Year EBITDA OutlookFor the third quarter, management expects retail units sold to increase sequentially from the second quarter. For full-year 2026, Carvana projects adjusted EBITDA of $2.7-$3 billion, compared with $2.24 billion in 2025. It also reiterated its long-term path toward selling 3 million vehicles annually and achieving a 13.5% adjusted EBITDA margin between 2030 and 2035.
Key Releases From the Auto SpaceGeneral Motors (GM - Free Report) reported second-quarter 2026 adjusted earnings of $3.57 per share, up 41.3% year over year. The figure beat the Zacks Consensus Estimate of $3.13 by 14.06%. Revenues increased 1.9% to $48.03 billion and surpassed the consensus estimate of $46.56 billion by 3.15%. General Motors raised its full-year adjusted EBIT guidance to $14-$16 billion from $13.5-$15.5 billion. Adjusted earnings are now projected at $12-$14 per share, up from the prior range of $11.50-$13.50.
Tesla, Inc. (TSLA - Free Report) reported second-quarter 2026 adjusted earnings of 33 cents per share, which declined 17.5% year over year. The figure missed the Zacks Consensus Estimate of 50 cents by 34%. Revenues advanced 25.5% to $28.24 billion and surpassed the consensus estimate of $25.81 billion by 9.41%. Tesla expects 2026 capital expenditures to exceed $25 billion and rise further over the next two to three years.
Ford (F - Free Report) reported second-quarter 2026 adjusted earnings of 42 cents per share, beating the Zacks Consensus Estimate of 33 cents by 27.27%. Earnings rose 13.5% from 37 cents a year ago. Automotive revenues of $44.89 billion fell 4.4% year over year and missed the consensus mark of $45.72 billion by 1.81%. Ford’s consolidated second-quarter revenues came in at $48.3 billion, down 3.7% year over year. The company raised its full-year adjusted EBIT outlook to $10-$11 billion from $8.5-$10.5 billion.
Hyperliquid ve 2. čtvrtletí zvýšil objem obchodů i počet traderů, ale nižší poplatkové trhy stlačily výnosy protokolu o 6,6 % na 169,37 milionu USD. HYPE se zároveň odrazil k rezistenci 57–58 USD.
5 August 2026 | 14:18 Hyperliquid processed more volume and attracted more traders in Q2, but lower-fee markets took a larger share of activity, leaving protocol and holder revenue below the previous quarter.
Key Takeaways HYPE now faces stacked resistance near $57-$58. HIP-3 captured 32.2% of matched quarterly volume. June delivered Hyperliquid’s strongest revenue since November. Assistance Fund holdings reached 45.56 million HYPE. Team claimed only 4.3% of quarterly entitlement. Outcome markets generated volume but almost no fees. HYPE Tests a Stacked Resistance Zone When the chart was captured on August 5, HYPE traded near $57, up approximately 3.9% during the session. The rebound brought the price into two technical barriers at once: the 0.5 Fibonacci retracement and the 100-day simple moving average near $58.
The overlap makes the $57–$58 area a decision point rather than a confirmed breakout. Both levels previously acted as barriers, increasing the risk that buyers lose momentum before establishing support above them.
HYPE rebounded into the $57–$58 resistance zone, where the 0.5 Fibonacci retracement and 100-day SMA converge. Chart: TradingView, August 5, 2026. A daily close above the zone followed by a successful retest would improve the structure. The next major resistance sits around $62–$63, where the 50-day SMA was positioned near $62.5. Above that, the broader resistance area near $65 would return to focus.
Until the breakout is confirmed, a rejection remains possible. The first important support sits around $52, where buyers stopped the latest decline. Losing that area would expose the lower support near $47.
The daily RSI had recovered to approximately 47.5, showing improved momentum during the rebound but no decisive move into bullish territory above 50.
The technical setup now sits against a mixed fundamental backdrop. Hyperliquid entered Q3 with stronger trading activity, but lower quarterly revenue and a growing reliance on lower-fee markets.
The Hyperliquid 2Q2026 Quarterly Report is not a conventional company-issued financial statement. HRC, GLC Research and Four Pillars reconstructed the figures from public ledger records, independent data providers and protocol disclosures.
The report shows a clear gap between activity and monetisation. Protocol revenue declined 6.6% to $169.37 million and the report’s holder revenue measure fell 4.7% to $142.88 million, even as overall protocol TVL increased 16.8% to $5.72 billion.
More Trading Activity Produced Less Revenue Traders paid $197.67 million in gross fees during Q2, down 5.9% from $210.04 million in the previous quarter. Of that total, approximately $28.31 million accrued to builders, deployers and other ecosystem participants rather than becoming protocol revenue.
Several operating indicators still moved higher:
Matched volume rose 2.7% to $662.4 billion. Average open interest increased 25.4% to $8.68 billion. Quarter-end open interest climbed 28.6% to $9.31 billion. Average daily perpetual traders increased 19.8% to 54,294. Spot volume improved 5.3% to $16.2 billion. Revenue fell because more activity shifted from Hyperliquid’s higher-fee native perpetual markets into lower-priced builder-deployed markets.
The quarter also ended more strongly than it began. Protocol revenue fell to $46.19 million in April, recovered to $53.14 million in May and reached $70.03 million in June, its strongest monthly result since November 2025.
Hyperliquid monthly protocol and holder revenue chart. HIP-3 Became Hyperliquid’s Main Growth Engine Native perpetual volume declined for a third consecutive quarter, falling 12.7% to $432.9 billion. Growth instead came from HIP-3 builder-deployed perpetual markets.
HIP-3 volume increased 59.6% to $213.3 billion and represented 32.2% of all matched volume, up from 20.7% in Q1. HIP-3 open interest ended the quarter at $3.09 billion, a further 47.2% increase.
Under HIP-3, independent builders can deploy perpetual markets on Hyperliquid’s infrastructure rather than waiting for the protocol’s main listing process. Deployers choose important market parameters, provide their own front ends and can receive a share of the fees generated by their markets.
This expands the range of markets available on Hyperliquid, but HIP-3 volume generates less protocol revenue than activity on the native perpetual venue. Hyperliquid’s Growth Mode fee structure reduces protocol fees, rebates, volume contributions and certain rate-limit contributions by 90% for eligible markets, helping them attract traders without immediately replacing the revenue lost from declining native activity.
One Deployer Captured Almost All HIP-3 Volume The listing layer also became more concentrated. Trade[XYZ] accounted for approximately 81% of HIP-3 volume in February and 93% in April. By July, after the quarter ended, its share had approached 100% as other deployers wound down or migrated their markets.
Shared liquidity means that fewer deployers do not necessarily translate into less underlying market liquidity, as multiple interfaces can route users into the same order book. The concentration still matters at the deployment layer: Trade[XYZ] may benefit from stronger liquidity and easier market discovery, but users now have fewer meaningful alternatives.
Buybacks Continued, but the HYPE Price Changed the Math The Assistance Fund purchased 2.77 million HYPE for $140.66 million during Q2, giving the quarter an average execution price of approximately $50.80.
The dollar amount was only moderately below the $147.72 million deployed in Q1, but the number of tokens purchased fell 43.9% from 4.94 million HYPE because the token traded at substantially higher prices. The fund remained a source of market demand, although each dollar acquired fewer tokens.
Assistance Fund holdings ended the quarter at 45.56 million HYPE, an increase of 6.4% from Q1 and 78.6% from the same period a year earlier. The report found no discretionary sales during the quarter.
Low Team Claims Reduced Immediate Supply Pressure Approximately 29.8 million HYPE became available to the team under its scheduled Q2 entitlement, but only 1.289 million tokens were claimed. That represents a 4.3% claim rate, down from 5.1% in Q1 and the third consecutive quarterly decline.
Monthly team token claims versus entitlement chart. At the report’s calculated average prices, the team claimed around $69 million from an entitlement valued at approximately $1.53 billion. Another 64.9 million vested but unclaimed tokens remained outstanding, worth roughly $4.3 billion at HYPE’s quarter-end price.
The low claim rate limited the quantity becoming immediately available for transfer or sale, but the tokens have not disappeared from supply. They remain claimable, and the monthly entitlement of approximately 9.92 million HYPE continues. A change in team behaviour could alter supply expectations quickly.
New Products Expanded Reach but Added Little Revenue HIP-4 Volume Was Concentrated Around the World Cup HIP-4 outcome markets generated $211.3 million of single-sided volume across 59 trading days and attracted 13,046 new traders during the quarter.
Volume doubled from $70.6 million in May to $140.7 million in June, with the strongest day reaching $12.1 million on June 27. Average daily traders also increased from 1,343 in May to 1,506 in June.
Most of that growth came from one event. World Cup markets accounted for 83.8% of tracked market-group volume, while recurring bitcoin markets declined from millions of dollars during their launch week to roughly $100,000 per day by mid-July.
Total HIP-4 fees remained below $3,000 for the quarter. The product attracted traders around major events, but demand across ordinary market cycles remains unproven.
The USDC Migration Opens a New Revenue Question Hyperliquid also completed its transition away from USDH toward USDC as the main quote asset. The process took approximately 11 weeks from announcement to substantial completion and involved more than $90 million of USDH supply.
According to the report, the migration was completed without a depeg, a stuck bridge or a public dispute. The Hyper Foundation allocated approximately $10 million in grants to affected deployers and HyperEVM applications, with support based partly on auction costs and affected TVL.
Consolidating markets around USDC reduces liquidity fragmentation and could create a new source of reserve-based income through Aligned Quote Asset version 2, or AQAv2. The report estimates potential annual revenue of $135 million to $200 million, but treats that range as unconfirmed.
The estimate depends on the eligible reserve base, interest rates, Coinbase and Circle arrangements and the final share allocated to Hyperliquid. The first reserve-yield payment expected on October 3 would provide the first direct evidence of whether the projected economics are realistic.
HyperEVM Stablecoin Growth Outpaced DeFi Activity Stablecoins held on HyperEVM increased 313% during the quarter, rising from $1.35 billion to $5.58 billion. HyperEVM TVL moved in the opposite direction, falling 14.8% to $1.44 billion.
The two figures are not directly contradictory: stablecoin balances measure assets held on the network, while TVL tracks capital deployed across applications. Their divergence shows that bringing more dollar-denominated assets onto HyperEVM did not produce equal growth in lending, liquidity pools and other protocols.
Lending-category TVL ended the quarter at $744 million, down 11.7% from Q1 and 38% below its Q3 2025 peak. HyperLend became the largest venue with $407 million in TVL and $252 million in active loans, overtaking Morpho after Morpho’s deposits fell to approximately $248 million.
Four Tests for Hyperliquid’s Next Quarter Native perpetual volume: Whether activity stabilises before the platform becomes more dependent on lower-fee HIP-3 markets. AQAv2 revenue: Whether the first reserve-yield payment supports the report’s projected economics. HIP-4 retention: Whether outcome-market activity continues outside major global events. Team claims: Whether the low claim rate continues as more vested HYPE becomes available. Methodology: This article is based primarily on the Hyperliquid 2Q2026 Quarterly Report prepared by HRC, GLC Research and Four Pillars. The report reconstructs Hyperliquid’s activity, revenue, token and ecosystem figures using public ledger records, independent data providers and protocol disclosures rather than company-issued financial statements. The HYPE price analysis uses the daily chart captured on August 5, 2026, including price action, Fibonacci retracement levels, simple moving averages, support and resistance zones, and the Relative Strength Index. Disclaimer: This article is provided for informational and educational purposes only and does not constitute financial, investment, legal, tax or trading advice. HYPE and other crypto assets are volatile and may lose some or all of their value. Technical levels are not guarantees, and market conditions may change after publication. Readers should verify the underlying data, conduct their own research and assess whether any investment or trading decision is appropriate for their circumstances. Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Hyperliquid od listopadu 2024 spálil 46 milionů HYPE v hodnotě 1,27 miliardy USD díky zpětným odkupům z poplatků. AQAv2 má navíc směrovat asi 90 % výnosu z rezerv USDC do Assistance Fund.
A fresh supply has entered the Hyperliquid [HYPE] market and challenges the protocol’s ability to absorb additional liquidity.
Recently, Hyperion unstaked a total of 519,480 HYPE worth about $28.56 million and increased the float of the token while trading at about 28% below peak levels.
Despite this, newly liquid tokens have not attracted significant inflows to exchanges. This suggests distribution has not yet materialized. That distinction matters because the Assistance Fund continues generating structural demand.
Source: X Since November 2024, 99% of fees have funded buybacks, retiring 462 million HYPE worth $1.27 billion. Monthly purchases have eased from $111 million to $37.1 million recently, but they still offset part of the growing supply.
The market now hinges on whether those unstaked tokens remain in self-custody or begin feeding exchange liquidity.
AQAv2 broadens HYPE’s demand base The market now faces a broader question than whether unstaked HYPE reaches exchanges. It is whether Hyperliquid can generate enough new demand to absorb any additional liquid supply.
That becomes more pressing as AQAv2 is gearing up to direct roughly 90% of reserve yield from USD Coin [USDC] balances into the Assistance Fund.
Source: Hyperliquid guide Unlike the current buyback model, which relies mainly on trading fees, upgrades introduce another recurring revenue stream.
Meanwhile, permissionless prediction markets require participants to stake HYPE before launching markets and add another source of locked supply and fees as well. Together, these upgrades broaden demand beyond trading activity and strengthen utility economically for HYPE.
Token economics reinforce HYPE demand Ultimately whether Hyperliquid upgrades going forward can offset the recent increase in supply will depend on the protocol’s ability to generate value consistently. That process is already evident through its token economics.
Fees continue mostly flowing into buybacks of HYPE tokens, and cumulative burns are roughly 46 million tokens, or about 4.6% of the maximum supply.
Daily repurchases recently range from $1.1 million to $1.7 million. Furthermore, annualized protocol revenue is roughly between $600 million and $950 million, according to DeFiLlama data.
Rather than relying on isolated events, demand grows alongside trading activity. That becomes more important after unstaking from Hyperion because stronger revenue from the protocol can absorb part of extra float that comes in.
All this together, the balance now depends less on temporary supply changes and more on whether ecosystem activity continues expanding.
Final Summary Hyperliquid faces fresh supply pressure, but buybacks and token burns continue supporting long-term demand. HYPE expands its demand base through AQAv2 and new utility, reinforcing its long-term value proposition.
Hyperliquid chystá ticker-level fee controls na trzích HIP-3, což by podle odhadů mohlo zdvojnásobit roční příjem ze 70 milionů USD na 140 milionů USD. Klíčové bude, zda objemy zůstanou stabilní po snížení slevy z poplatků z 90 % na 80 %.
Hyperliquid plans to implement ticker-level fee controls on its HIP-3 markets, potentially doubling the annualized revenue from $70 million to $140 million, according to estimates by Ryan Watkins. This move involves reducing the current fee discount from 90% to 80%. The success of this strategy hinges on the stability of volumes, as a reduction in the discount could lead to higher fee revenue if the volume remains consistent. The planned changes reflect a strategic revenue enhancement initiative by Hyperliquid, a decentralized perpetuals exchange, which allows market deployers to set fee structures within specified limits.
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Market participants appear to view this potential revenue increase as a positive indicator for Hyperliquid’s price trajectory. The current pricing in prediction markets suggests consistent support for the potential price increase scenarios. As of now, the odds of Hyperliquid reaching $100 by the end of 2026 are priced at 18% YES, unchanged from the previous day but down from 22% a week ago.
Key Takeaways Markets suggest that Hyperliquid’s plan to reduce fee discounts may indicate a strategic move to enhance revenue. The potential doubling of HIP-3 revenue is consistent with support for price increase scenarios if volume holds steady. Current market pricing reflects a stable view of Hyperliquid’s potential to hit its price targets by the end of 2026. What to Watch Monitoring the impact of fee structure changes on volumes will be crucial to assess the success of Hyperliquid’s revenue strategy. Any significant shifts in volume could affect the projected revenue outcomes. Additionally, market participants will be observing any reactions from major players and stakeholders within the exchange. Developments in volume and market sentiment will be key indicators to watch, as they could influence the pricing in prediction markets related to Hyperliquid’s future price targets.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 18% — — View market → January 1 2027 4.8% — — View market → January 1 2027 2.9% — — View market → January 1 2027 33.5% — — View market → January 1 2027 11.3% — — View market → January 1 2027 2.8% — — View market →
Hyperliquid closed the second quarter of 2026 with one of the strongest performances in the digital asset industry, according to its recent report.
Its native HYPE token surged 79.2% to a new all-time high despite a broad downturn across the crypto market.
According to the protocol's newly released Q2 report, HYPE reached a record price of $76.90 on June 16. In the meantime, Bitcoin declined 14.1% during the same period.
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Hyperliquid described the divergence as its second straight quarter of significant outperformance, arguing that the market is beginning to value HYPE as a cash-generating protocol rather than simply another high-beta crypto asset.
The report states that HYPE gained 93% relative performance over Bitcoin in Q2.
Recovering revenue April marked the weakest month under its current fee structure before activity rebounded sharply. By June, monthly revenue had climbed 52% above April's trough, putting the protocol on an annualized revenue run rate of approximately $840 million.
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The recovery was largely driven by higher trading volumes. Hyperliquid also revealed that cumulative holder revenue surpassed $1 billion by the end of the quarter.
Overhauled stablecoin infrastructureOn May 14, the protocol retired USDH and selected Coinbase-developed USDC as its primary quote asset. The transition was completed after validators approved governance proposal QAQv2 on June 12, with 69.1% of staked HYPE voting in favor.
The report estimates that adopting USDC could generate approximately $135 million to $200 million in annualized holder yield under prevailing interest rates. Accrued interest from platform USDC will flow into the Assistant Fund every 30 days.
US spot ETFs Hyperliquid also took note of the successful launch of the first three U.S. spot HYPE ETFs within an eight-week period. These included 21Shares THYP on May 12, Bitwise BHYP on May 15, and Grayscale HYPG on June 3.
Together, the ETFs accumulated $309 million in net inflows by the end of the quarter.
The report also noted that Hyperliquid Strategies generated $152.5 million in fiscal-quarter net income and increased its treasury holdings to 29.3 million HYPE.
Pump.fun odkoupil 332 milionů PUMP za průměrnou cenu 0,00225 USD a tím dál snižuje likvidní nabídku. PUMP zároveň za posledních 24 hodin vzrostl o 13,42 %.
Pump.fun extended its recovery after gaining 13.42% in the past 24 hours, while trading volume climbed 82.92% to $156.5 million, reflecting stronger market participation.
The advance coincided with the protocol’s revenue-funded buyback program, which repurchased 332 million PUMP tokens at an average price of $0.00225.
The platform allocated roughly $747,000 for the purchases from $1.49 million in daily revenue, steadily reducing liquid supply.
Meanwhile, a dormant wallet withdrew 73.95 million PUMP worth about $156,000 from exchanges instead of adding tokens to exchange reserves.
That withdrawal complemented the buyback activity because both developments reduced immediately available supply.
As a result, buyers retained control of the recent advance, while the combined supply reduction strengthened the case behind PUMP’s latest rally.
Fresh leveraged bets backed the breakout Derivatives traders increased their exposure as Open Interest rose 18.10% to $211.31 million, reflecting fresh capital entering the market alongside the price recovery.
The increase accompanied the spot rally instead of diverging from it, suggesting traders opened new positions rather than simply closing existing ones.
Higher Open Interest alongside expanding trading volume usually reflected growing conviction behind an ongoing move, and PUMP displayed both conditions during the latest session.
However, leverage also raised the likelihood of sharper price swings if sentiment shifted quickly.
Buyers maintained control throughout the move, yet the expanding derivatives exposure indicated that volatility would likely remain elevated.
However, the growing participation aligned with the protocol’s buyback activity and reinforced the broader accumulation narrative surrounding PUMP.
Source: CoinGlass Bears paid the price for fading conviction Liquidation data revealed that bearish traders absorbed the larger losses during the latest rally.
Short liquidations reached approximately $153,260, while long liquidations totaled about $58,290. This shows that sellers were forced out of positions at a much faster pace. ‘
That imbalance supported the ongoing advance because forced short covering added additional buying pressure as prices climbed.
Unlike a rally driven purely by speculation, the squeeze developed alongside stronger spot activity, rising Open Interest, and the protocol’s supply-reduction efforts.
However, the liquidation imbalance also suggested that much of the immediate bearish pressure had already eased.
If fresh short positions fail to emerge, future gains would likely require continued spot demand instead of relying primarily on liquidation-driven buying.
Source: CoinGlass Can PUMP extend its breakout above resistance? PUMP broke above the key $0.002133 resistance before advancing toward the next major barrier at $0.002556, confirming that buyers regained control of the broader trend.
The breakout also held above the rising trendline that had supported price since July, preserving the existing bullish structure.
MACD strengthened throughout the advance as the MACD line remained above the signal line and the positive histogram expanded. This reflect increasing buying strength instead of fading interest.
Price also established a series of higher highs and higher lows after completing a double-bottom reversal earlier in the trend.
If buyers defend the former breakout zone near $0.002133, PUMP could challenge $0.002556 next.
However, losing that support would expose the trendline and increase the probability of a deeper pullback before another advance.
Source: TradingView Final Summary PUMP buybacks and whale withdrawals reduced liquid supply, supporting the recent price breakout. Rising Open Interest and heavy short liquidations reinforced bullish sentiment toward the $0.002556 resistance.
Pump.fun podle zpráv propustil zaměstnance jen týdny nebo měsíce před začátkem uvolňování tokenů PUMP, takže někteří přišli o alokace v hodnotě milionů dolarů. Firma tvrdí, že rostla příliš rychle.
Pump.fun, the Solana-based platform that allows users to quickly launch meme coins, has come under scrutiny following reports that it terminated employees just weeks or months before their company token grants were set to begin unlocking.
An investigation by Sandmark, drawing on internal documents, emails, and recordings, indicates that at least one former worker lost out on a PUMP allocation currently valued in the seven figures, even after the token’s sharp decline from its 2025 peak.
The company expanded rapidly, growing from a handful of staff to nearly 100 earlier this year amid strong revenue generation.
Lifetime earnings for the launchpad have reached approximately $1.3 billion, with daily revenue still hovering near $1 million according to available data.
However, that expansion reportedly proved unsustainable in management’s view.
According to materials reviewed by Sandmark, head of talent Lloyd McCarthy summoned affected employees to a group meeting in late March.
In a recorded session, co-founder Noah Tweedale explained the decision by stating the firm had “grew too quickly,” which hindered its ability to operate in a “fast and rough” manner. Employment agreements for those individuals ended in early April.
Severance packages provided one week of salary for each month of service.
Critically, the timing left many just two months short of the first vesting milestone for their PUMP tokens.
Employees had entered into token grant agreements around mid-June 2025.
Those contracts stipulated that 25 percent of each allocation would unlock after one year, with further portions releasing gradually afterward.
For those dismissed in April, the unvested portions were canceled, resulting in significant potential losses for at least one individual at prevailing market prices.
PUMP has traded near $0.002, roughly 77 to 79 percent below its September 2025 high near $0.0089.
Additional claims have emerged regarding a second wave of reductions.
Former staff members allege that Baton Corporation Ltd., the UK-registered entity behind Pump.fun, conducted further layoffs in mid-July.
An anonymous X account operating under the name “ex pump employee” asserted that around 40 workers were let go one day before another vesting event, with the poster claiming more than a year of tenure.
Sandmark noted it could not independently confirm the exact numbers or July timing from these accounts.
Across both rounds, former employees estimate more than 40 people were affected in total.
Pump.fun’s co-founders, including Noah Tweedale and Alon Cohen, did not respond to requests for comment from media outlets just yet.
The platform has not issued a public statement addressing the reports.
The company operates under Baton Corporation Ltd. and has faced separate regulatory attention in the UK, including overdue company filings and prior warnings from the Financial Conduct Authority (FCA).
These developments have highlighted broader questions in the crypto sector about how token incentive structures interact with employment terminations.
While the platform continues to facilitate high volumes of token creation, the reported sequence of events has drawn attention to the gap between rapid growth, staff reductions, and the timing of equity-like token rewards.
PUMP za týden přidal přes 30 % a vrátil se nad 50denní i 200denní klouzavý průměr, ale růst brzdí RSI v překoupené zóně. Mezitím se mezi 11. a 13. srpnem uvolní 6,87 miliardy tokenů.
Summary PUMP reclaimed both its 50-day and 200-day moving averages during a 30% weekly rally The move stalled at the 0.618 Fibonacci level near $0.0025 with RSI in overbought territory A 6.87 billion token unlock is scheduled between August 11 and 13 Allegations that Pump.fun fired staff before their tokens vested have stirred community backlash PUMP, the token tied to Solana memecoin factory Pump.fun, traded near $0.002495 on August 5 after a seven-day run that added more than 30% and carried it back above both its 50-day and 200-day moving averages. The climb pushed price into a technical resistance band at the same moment the token’s supply schedule shifts into a stretch of monthly unlocks, with the next release due within a week.
Price reclaimed both moving averages before they could cross The chart reads far cleaner than the six months of grinding that came before it. PUMP topped near $0.00336 in late January, bled lower through spring, and found a floor around $0.00116 in mid-June. Buyers spent July building a base between $0.0013 and $0.0016, and the past week turned that quiet accumulation into a near-vertical push toward $0.00251.
PUMP/USD daily chart. Chart analysis by Alexander Stefanov The reclaim is the part that carries weight. Price now sits above the 50-day simple moving average at $0.00168 and the 200-day at $0.00187, and the 50-day has curled upward after months of pointing down. A moving average is the running average of closing prices over a set window, and price holding above a rising average is the clearest sign that short-term momentum has flipped. The 50-day still trades below the 200-day, so the two lines have not crossed yet. Price is leading and the averages are trailing, which is normal at the start of a turn but leaves the bullish structure short of full confirmation.
The 0.618 fib near $0.0025 is where the rally meets friction The current candle is testing the 0.618 Fibonacci retracement at roughly $0.0025. Traders draw these levels off the distance between a swing high and swing low, and the 0.618 marks the point where a large share of the prior drop has been recovered. Rebounds tend to stall there, which makes the spot PUMP is testing a level where buyers and sellers have clashed before.
Momentum readings reinforce the caution. The Relative Strength Index sits at 73. Any reading above 70 flags a move that has run hot, and levels that high often show up right before price pauses to cool off. RSI is also holding above its own signal line at 62, so the trend still points up even as it stretches. After a climb this steep with no real pullback, that setup usually resolves one of two ways: a clean break above $0.00251 that opens the road to the 0.786 fib at $0.00289, or a rejection here that sends price back down to work off the gains.
Levels worth watching on the next move The reversal thesis holds or breaks around a short list of prices. The band between the 0.382 fib near $0.00200 and the reclaimed 200-day average at $0.00187 is the confluence that needs to hold to keep the recovery intact.
Resistance above
$0.00251
0.618 fib · price is here now
$0.00289
0.786 fib · next target on a break
$0.00336
January swing high
Support below
$0.00226
0.5 fib · first cushion
$0.00200
0.382 fib · near 200-day at $0.00187
$0.00168
0.236 fib · break here breaks the bounce
The next unlock arrives within a week of the rally PUMP’s supply calendar moves against the price action. Between August 11 and 13, roughly 6.87 billion tokens worth about $15.28 million unlock, split between 4.167 billion for the team and 2.708 billion for early investors. Around 67.9% of the one-trillion total supply already circulates, which leaves 32.1% locked across 35 monthly releases that run to June 2029.
An unlock moves tokens from a locked contract to their holders, and it does not force those coins onto the market. Recipients can sit on freshly vested tokens for months. Unlocks still weigh on price because the market tends to front-run them, pricing in the risk of selling a few days ahead of each date, which is why trading often softens going into an unlock even when no coins actually change hands.
The 57 billion token cliff and the firings that followed The August release is the second act of a much larger event. Between July 12 and 15, PUMP’s one-year cliff expired and unlocked 57.279 billion tokens worth roughly $86.49 million, spread across 121 insider wallets. That single release ended the initial 12-month lock-up and started a 36-month schedule that drips team and early-backer allocations into circulation month by month. In late July, reports surfaced alleging Pump.fun had cut more than 40 employees across two rounds shortly before their one-year token grants were set to vest, a move that would have denied those staff seven-figure payouts, though the investigation that surfaced the claims could not independently confirm the July round, which rests on former employees’ accounts. The allegations drew heavy criticism across the token’s community. PUMP now trades more than 75% below its 2025 peak, with unlock pressure and the personnel row both feeding the discount.
Steady monthly supply changes how traders read PUMP from here The switch from one-time cliffs to steady monthly releases changes how traders read PUMP from here. Each of the 35 remaining unlocks through June 2029 adds a recurring supply event to the calendar, so the sharp dilution shocks of July give way to a slower and more predictable drip. That steadier cadence can work in the token’s favor if demand keeps pace, since the market can plan around fixed dates that are easier to absorb than the surprise floods of a cliff. Supply has not moved in one direction only. Pump.fun burned roughly $370 million of PUMP it had bought back over the prior nine months in late April, taking about 36% of the circulating supply off the table and partly offsetting the dilution the unlock schedule adds.
The near-term test is narrower. A daily close that holds above $0.00251 would confirm the break and put the 0.786 at $0.00289 within reach, while a slip back into the $0.00226 to $0.00200 support band would show whether buyers defend the reversal or let it unwind. The August 11 unlock arrives right inside that decision window, which sets up the first real read on whether recovering price action can take on fresh supply.
NNN REIT v červenci zvýšil dividendu na kmenovou akcii o něco málo přes 3 % a letos tak pokračuje už 37. rokem v řadě s ročním růstem dividendy. Firma zároveň uvedla, že upravuje výhled AFFO pro rok 2026.
NNN REIT, Inc. (NNN) Q2 2026 Earnings Call August 5, 2026 10:30 AM EDT
Company Participants
Stephen Horn - President, CEO & Director
Vincent Chao - Executive VP, CFO, Assistant Secretary & Treasurer
Conference Call Participants
Ronald Kamdem - Morgan Stanley, Research Division
Jana Galan - BofA Securities, Research Division
Brad Heffern - RBC Capital Markets, Research Division
Bennett Rose - Citigroup Inc., Research Division
Michael Goldsmith - UBS Investment Bank, Research Division
Spenser Allaway - Green Street Advisors, LLC, Research Division
Rob Stevenson
Wesley Golladay - Robert W. Baird & Co. Incorporated, Research Division
Omotayo Okusanya - Deutsche Bank AG, Research Division
John Massocca - B. Riley Securities, Inc., Research Division
Presentation
Operator
Greetings. Welcome to the NNN REIT Inc. Second Quarter 2026 Earnings Call. [Operator Instructions] Please note, this conference is being recorded.
I will now turn the conference over to your host, Steve Horn, CEO at NNN REIT Inc. You may begin.
Stephen Horn
President, CEO & Director
Thanks, Holly. Good morning, and welcome to NNN's Second Quarter 2026 Earnings Call. On the call today with me is Chief Financial Officer, Vin Chao. As this morning's press release reflects, NNN's performance in 2026 continues to produce strong results, including high occupancy, impressive rent collections with under 5 basis points of uncollected rent and solid acquisitions driven by our deep tenant relationships. We're well positioned to continue enhancing shareholder value as we move into the second half of the year and beyond.
In July, we announced just over a 3% increase in our common stock dividend payable on August 14, marking 2026 as our 37th consecutive year of annual dividend increases. That places NNN among 70 U.S. public companies and just 3 REITs to achieve that track record.
Given our continued consistent performance of the portfolio and the acquisition pipeline, we're updating our 2026 guidance for AFFO
Kratos Defense & Security Solutions překonala odhady: zisk na akcii činil 0,21 USD při tržbách 458,8 milionu USD. GAAP zisk ale činil jen 0,02 USD na akcii a volný peněžní tok zůstal záporný.
Kratos Defense & Security Solutions (KTOS +5.19%) stock jumped 6.7% through 11:15 a.m. ET Wednesday after rushing right past analyst earnings forecasts last night.
Heading into the report, Wall Street had Kratos pegged for a $0.13 per share profit on $410.4 million in sales. In fact, Kratos earned $0.21 per share on sales of $458.8 million.
Image source: Getty Images.
Kratos Q2 earnings by the numbers Kratos grew its sales by 30% year over year, with 19% organic growth. Curiously for a company that's best known as a drone stock, most of this growth came through Kratos's government solutions business, which provides satellite communications and intelligence services, electronics, and training systems -- rather than the drones unit (called "unmanned systems").
Drones revenue increased only 8%.
The other interesting part of Kratos's report is that the $0.21 "profit" that got investors so excited today was, in fact, only a pro forma, non-GAAP profit. Actual earnings for the quarter when calculated under generally accepted accounting principles (GAAP) was only $0.02 per share -- flat against one year ago.
Today's Change
(
5.19
%) $
2.69
Current Price
$
54.56
What does this mean for Kratos stock? And this news gets worse. While Kratos was at least profitable -- if much less profitable than at first appeared -- free cash flow at the defense stock actually ran negative. Indeed, with more than $75 million in cash burned in just the first six months of this year, Kratos is on course to burn $150 million in 2026.
The good news is that as the company converts manufactured products into cash, Kratos expects to be able to correct course and burn significantly less cash as the year progresses -- perhaps as little as $85 million. Even if it succeeds at that, though, I can't see myself investing in this barely profitable stock until FCF turns positive.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Kratos Defense & Security Solutions. The Motley Fool has a disclosure policy.
