Track market-moving stories before they get noisy

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE:AA, ASX:AAI) (“Alcoa”) announced today a proposed offering of $2,600,000,000 aggregate principal amount of senior notes (the “notes”), consisting of senior notes due 2034 to be issued by Alumina Pty Ltd (ABN 85 004 820 419) (“Alumina”) and senior notes due 2036 to be issued by Alcoa Nederland Holding B.V. (together with Alumina, the “Issuers”). Each of the Issuers is a wholly-owned subsidiary of Alcoa. The notes will be guaranteed on a senior.

KLA Corporation exhibits a bullish trend, with price action showing higher highs and recapturing its 30-week EMA. KLAC's fundamentals are robust, with FY 2027 and FY 2028 revenue and EPS estimates projecting 33%-57% and 44%-77% growth, respectively. Management targets doubling revenues and a 123% EPS increase by FY 2030, supported by strong cash flow, buybacks, and consistent dividend hikes.

AI Call Summaries handle the note-taking so care center teammates can focus on clients, resolving needs faster and delivering more personalized service.

, /PRNewswire/ -- Truist Financial Corp. (NYSE: TFC) today announced the full deployment of AI Call Summaries across its care centers, using generative AI to automatically convert client conversations into concise, structured summaries within seconds. By handling the note-taking and post-call documentation automatically, the technology frees care center teammates to stay fully present with clients, resolve needs faster and deliver more personalized, informed service on every call.

Truist has fully deployed AI Call Summaries across its care centers. Since its implementation in the third quarter of 2025, the capability has scaled rapidly, generating more than 4.5 million summaries, in the second quarter of 2026 alone, and supporting more than 70% of care center inbound client interactions. The average Truist care center phone call lasts more than eight minutes, making the ability to quickly capture key themes, client needs and resolution outcomes particularly valuable. Based on average time savings of approximately 30 seconds per call, AI Call Summaries saved teammates more than 36,000 hours in the second quarter of 2026.

"At Truist, listening to clients is central to how we improve the experience across the client journey," said Truist Head of Digital, Client Experience, and Marketing Sherry Graziano. "By using AI-powered capabilities, we can consolidate feedback, organize insights and get answers to clients more efficiently. This is a great example of being digitally empowered yet deeply relational, equipping teammates with the tools they need to serve our clients with greater care."

Across Truist Care Centers, AI Call Summaries help teammates access key information from prior interactions and prepare for follow-up conversations. "Deploying generative AI-powered call summaries across our care centers is a meaningful step forward in how we support our teammates and serve our clients," said Truist Head of Truist Care Centers Kimberly Dorsett. "Instead of manually capturing conversation details, teammates can use AI-generated summaries to quickly understand and respond to clients with greater confidence."

AI Call Summaries represent a foundational step in Truist's broader strategy to embed AI into everyday workflows, improve the client experience and reimagine how work gets done across the organization. As one of Truist's earliest enterprise-scale generative AI applications approved for broad use, the capability reflects the bank's commitment to scaling AI responsibly. Truist plans to extend the capability to additional areas of the bank, demonstrating how targeted AI use cases can deliver immediate value while creating a foundation for greater operational consistency, institutional knowledge capture and better decision-making across the organization."

About Truist

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top 10 commercial bank with $549 billion as of March 31, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.

SOURCE Truist Financial Corporation

Ulta Beauty beat earnings estimates and raised guidance, but I maintain a neutral rating due to underlying concerns. ULTA's largest revenue segments—cosmetics and skincare & wellness—showed flat or declining performance, with overall comps growth barely above inflation. Comps growth is driven by e-commerce, while ongoing physical store expansion raises cost concerns and questions about long-term profitability.

When quality dividend stocks drift toward 52-week lows, patient income investors often find their best opportunities hiding in plain sight. Five household names are sitting at beaten-down prices right now, and the yields they are offering demand a closer look.

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Investors love high-yield dividend stocks because they provide dependable passive income streams and an excellent opportunity for solid total return. Total return includes interest, capital gains, dividends, and distributions realized over time. In other words, the total return on an investment or portfolio consists of income and stock appreciation. At 24/7 Wall St., we have focused on dividend stocks for 20 years because, despite the stock market’s ups and downs, many people need reliable passive income streams to supplement their income from employment or other sources such as Social Security and pensions.

Let’s examine total return. If you purchase a stock at $20 that pays a 3% dividend ($0.60 per share) and the price rises to $22 in a year, your total return is ($22 + $0.60 – $20) = 13%. This combines the price appreciation and the dividend received.

With the stock market trading near all-time highs, we screened our 24/7 Wall St. high-yield dividend stock research database for well-known companies trading at or near 52-week lows. Typically, quality well-known stocks fall for a variety of reasons. These include choppy earnings, sector competition, C-suite changes, and other factors. But as we saw with Intel (NASDAQ: INTC | INTC Price Prediction) and other large technology companies over the past year, sometimes sector leaders go dormant for a while, only to return with a vengeance and help patient investors ring the register.

Why Do We Cover High-Yield Dividend Stocks?

Since 1926, dividends have accounted for approximately 32% of the S&P 500’s total return, while capital appreciation has accounted for 68%. Therefore, sustainable dividend income and the potential for capital appreciation are essential to total return expectations. A study by Hartford Funds, in collaboration with Ned Davis Research, found that dividend stocks delivered an annualized return of 9.18% over the 50 years from 1973 to 2023. Over the same timeline, this was more than double the annualized return for non-payers (3.95%).

Here are five well-known companies paying reliable dividends that are trading at or near 52-week lows. While better suited to patient passive-income investors, they all have attributes that make them attractive now.

Clorox With products that never go out of style, a 26% discount, a 0.74 price-to-fair-value ratio, and a massive 5.34% dividend, this is the perfect buy for conservative investors. Clorox (NYSE: CLX) is a multinational manufacturer and marketer of consumer and professional products. Despite some earnings turbulence in recent years, Clorox has maintained its dividend streak and is expected to reach 50 years in 2027. Clorox trades at roughly 15x earnings versus a 37x five-year average.

The company operates through four segments:

Health and Wellness Household Lifestyle International The Health and Wellness segment consists of cleaning, disinfecting, and professional products marketed and sold under these brands:

Clorox Clorox2 Pine-Sol Scentiva Tilex Liquid-Plumr Formula 409 Its Household segment consists of bags and wraps, cat litter, and grilling products marketed and sold under the Glad, Fresh Step, Scoop Away, and Kingsford brands in the United States. The Lifestyle segment consists of food, water-filtration, and natural personal care products marketed and sold under the Hidden Valley, Brita, and Burt’s Bees brands. International products consist of those sold outside the United States. Its products in this segment include laundry additives, home care products, bags and wraps, cat litter, water filtration products, and others.

Comcast Comcast (NASDAQ: CMCSA) is an American multinational telecommunications and media conglomerate. With a dependable 4.98% yield, this is a solid idea now. This global media and technology conglomerate offers an 18-year dividend-growth streak, averaging ~7.5% annual payout growth over five years. Weakness reflects broader cord-cutting and streaming competition pressures, which it is addressing with a corporate spin-off.

It operates through four segments:

Residential Connectivity & Platforms Business Services Connectivity Media, Studios Theme Parks The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, Sky-branded entertainment television networks, and advertising. The Business Services Connectivity segment offers connectivity services for small business locations, including broadband, wireline voice, and wireless services. It also offers solutions for medium-sized customers, larger enterprises, and small business connectivity services in the United Kingdom.

The Media segment operates NBCUniversal’s television and streaming business, including:

National and regional cable networks The NBC and Telemundo broadcast networks Owned local broadcast television stations Peacock, a direct-to-consumer streaming service It also operates international television networks comprising the Sky Sports networks and other digital properties. The Studios segment operates NBCUniversal and Sky film and television studio production and distribution operations.

The Theme Parks segment operates Universal theme parks in:

Orlando, Florida Hollywood, California Osaka, Japan Beijing, China Comcast announced earlier this year that it is spinning off most of its NBCUniversal cable television networks into a new, independent public company called “SpinCo.” This new entity will include popular cable channels like USA Network, CNBC, MSNBC, Bravo, E!, Syfy, and Oxygen, along with digital assets like Fandango and Rotten Tomatoes. By separating these mature cable channels, Comcast aims to isolate its declining linear television business from its higher-growth core assets, which will remain under Comcast. These retained core businesses include the Xfinity broadband and wireless operations, the Peacock streaming service, NBC broadcast television, Universal Pictures film studio, and Universal theme parks.

Duke Energy Duke Energy (NYSE: DUK) is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. Headquartered in a growing region of the country, it pays a hefty 3.54% dividend, among the highest in the utility sector. Duke Energy and its subsidiaries operate as energy companies in the United States.

Its Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest. To generate electricity, Duke Energy uses the following:

Coal Hydroelectric Natural gas Oil Solar and wind sources Renewables Nuclear fuel This segment also sells electricity to municipalities, electric cooperative utilities, and load-serving entities.

The Gas Utilities and Infrastructure segment distributes natural gas to

Residential Commercial Industrial Power generation natural gas customers The segment also invests in pipeline transmission projects, renewable natural gas projects, and natural gas storage facilities.

General Mills With products that never go out of style and a strong 6.37% dividend yield, this rebound story will reward patient investors. General Mills (NYSE: GIS) is a global manufacturer and marketer of branded consumer foods and has a P/E ratio of 9.23, suggesting it may be undervalued relative to the consumer staples sector average. The company generates strong free cash flow, typically over $2 billion annually, which supports the current dividend even amid softer sales.

Its segments include:

North America Retail International North America Pet North America Foodservice The North America Retail segment includes grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar, and discount chains, convenience stores, and e-commerce grocery providers. The International segment consists of retail and foodservice businesses outside the United States and Canada. Its product categories include super-premium ice cream and frozen desserts, meal kits, salty snacks, snack bars, dessert and baking mixes, and shelf-stable vegetables.

The North America Pet segment includes pet food products sold in the United States and Canada in national pet superstore chains, e-commerce retailers, and grocery stores. The North America Foodservice segment includes ready-to-eat cereals, snacks, and baking mixes.

VICI Properties VICI Properties (NYSE: VICI) is a New York City-based real estate investment trust that specializes in casino and entertainment properties and pays a stellar dividend yield of 7.08%. This is one of Wall Street’s top picks in the net lease group and is ideal for more conservative investors seeking gaming exposure and a substantial dividend. VICI Properties is an S&P 500 experiential real estate investment trust with one of the largest portfolios of market-leading gaming, hospitality, and entertainment destinations, including three iconic entertainment facilities on the Las Vegas Strip:

Caesars Palace Las Vegas MGM Grand The Venetian Resort Las Vegas VICI Properties owns 93 experiential assets across a geographically diverse portfolio of 54 gaming properties and 39 other experiential properties across the United States and Canada. The portfolio comprises approximately 127 million square feet and features approximately 60,300 hotel rooms, as well as over 500 restaurants, bars, nightclubs, and sportsbooks. Gaming revenue has proven remarkably resilient in recent downturns, and its triple-net lease structure means it collects rent regardless of swings in tenant profitability.

Industry-leading gaming, leisure, and hospitality operators occupy its properties under these long-term, triple-net lease agreements.

VICI Properties has a growing array of real estate and financing partnerships with leading operators in other experiential sectors, including:

Bowlero Cabot Canyon Ranch Chelsea Piers Great Wolf Resorts Homefield Kalahari Resorts VICI Properties also owns four championship golf courses and 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip.

Contact [email protected] for any questions or corrections.

Accelerates ADI's delivery of "Physical Intelligence", enabling systems to sense, reason, and act locally in real time within the constraints of the physical world Adds Alif's AI-native fusion processors, giving customers a scalable platform to quickly build full system solutions by combining next-generation digital with ADI's leading edge analog portfolio Expands ADI's total addressable market across industrial, data center infrastructure, defense, energy, robotics, digital health, and wearable applications by enabling complete, differentiated solutions , /PRNewswire/ -- Analog Devices, Inc. (NASDAQ: ADI) and Alif Semiconductor today announced that they have entered into a definitive agreement under which ADI will acquire Alif in an all-cash transaction for $1.35 billion.

Artificial intelligence is entering a new phase as models move beyond interpreting words and images to understanding context and interacting with the physical world. This transition requires systems that can reason from signals such as motion, sound, vibration, radio waves, and thermodynamics, and operate locally within demanding power, latency, security, and reliability constraints. At ADI, this is called Physical Intelligence.

Alif is redefining edge intelligence with a sophisticated platform of high-efficiency AI-native microcontrollers and fusion processors. Its heterogeneous architecture enables real-time sensor fusion, low-latency inference, and on-device AI, bringing advanced intelligence to demanding physical systems.

Combining ADI's leadership in sensing, signal processing, power, connectivity, and application software with Alif's leading-edge digital platform will accelerate the delivery of more complete Physical Intelligence solutions. Together, ADI and Alif can address a broader range of customers' most complex system-level challenges.

Commentary

"AI is moving out of the data center and into the physical world, where latency, power, and trust cannot be compromised. That is the domain ADI has mastered for decades, at the delicate electro-physical interface where real-world signals become actionable intelligence. By combining Alif's digital processing capabilities with our leadership in multi-modal sensing, signal processing, power, connectivity, and software, we can empower customers to create entirely new classes of secure, intelligent systems that sense, reason, and act locally in real time. This is the next frontier of AI: embodied and deterministic. This is Physical Intelligence in action," said Vincent Roche, CEO and Chair of ADI. "Alif was founded to reimagine what a microcontroller can be in the AI era. We engineered a heterogeneous architecture from the start, integrating dedicated low-power neural processing with connectivity, security, and intelligent power management that delivers compute resources precisely where they're needed. Combined with ADI's deep physical-domain expertise and broad analog system capabilities, we can expand our reach to deliver the solutions that can power the future of Physical Intelligence," said Reza Kazerounian, Co-Founder and President of Alif. Alif's silicon is already shipping in production, with design wins across leading consumer and industrial customers.

Transaction Details 
Under the terms of the agreement, which has been approved by the Boards of Directors of both companies, ADI will pay Alif's stockholders $1.35 billion of upfront consideration in cash, subject to the terms of the definitive agreement. In addition, ADI may pay an incremental contingent consideration of up to $200 million. The transaction is expected to close before the end of calendar year 2026, subject to customary closing conditions and the expiration of the applicable waiting period (and any extension thereof) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

About Analog Devices, Inc.
Analog Devices, Inc. (NASDAQ: ADI) is a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. ADI combines analog, digital, AI, and software technologies into solutions that combat climate change, reliably connect humans and the world, and help drive advancements in automation and robotics, mobility, healthcare, energy and data centers. With revenue of more than $11 billion in FY25, ADI ensures today's innovators stay Ahead of What's Possible. Learn more at www.analog.com and on LinkedIn and X. 

About Alif Semiconductor
Alif Semiconductor, headquartered in Pleasanton, California, is a provider of the next generation of secure, connected, highly power-efficient EdgeAI microcontrollers and fusion processors. Alif's architectures scale from single-core to multi-core systems featuring integrated neural processing units (NPUs) and advanced graphics acceleration. Learn more at alifsemi.com.

Advisors
PJT Partners is acting as financial advisor to ADI, and Wachtell, Lipton, Rosen & Katz as legal counsel. Qatalyst Partners is acting as financial advisor, and DLA Piper as legal counsel to Alif.

All trademarks and registered trademarks are the property of their respective owners.

Forward-Looking Statements
This press release contains forward-looking statements, which address a variety of subjects including, for example, the expected timetable for closing of the transaction between Analog Devices, Inc. and Alif Semiconductor; the expected benefits of the transaction; ADI's expected product offerings, product development, and technical advances resulting from the transaction; markets, market position, addressable markets, and growth opportunities; and other future events. Statements that are not historical facts, including statements about our beliefs, plans, and expectations, are forward-looking statements. Such statements are based on our current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: the risk that regulatory approvals may not be obtained or other closing conditions may not be satisfied in a timely manner or at all; the possibility that the transaction will not close or that closing may be delayed; unforeseen or unknown liabilities; costs or expenses related to the transaction; the inability to retain key personnel; difficulties in integrating the acquired business; the risk that expected benefits of the transaction may not be realized or may take longer to realize than expected; and uncertainty as to the long-term value of our common stock. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K and our most recent Quarterly Report on Form 10-Q. Forward-looking statements represent management's current expectations and are inherently uncertain. Except as required by law, we do not undertake any obligation to update forward-looking statements made by us to reflect subsequent events or circumstances.

CONTACT:
Jeff Ambrosi
Senior Director, Investor Relations
Analog Devices
[email protected]
(781) 461-3282

Ferda Millan
Global PR and External Communications
Analog Devices
[email protected]
(408) 373-1854

SOURCE Analog Devices, Inc.

Analog Devices struck a deal to acquire Alif Semiconductor for $1.35 billion in cash, expanding its total addressable market across quickly growing segments such as data-center infrastructure and defense.

SummaryAmphenol Corporation (APH) is downgraded to Hold due to vulnerability to a potential AI data center slowdown and possible Fed rate hikes.APH's high valuation is justified by robust growth—YOY revenue up nearly 55% and levered free cash flow up 112%—but depends on sustained AI demand.Rising interest rates and a backlog of idle data centers could moderate AI infrastructure buildout, posing near-term risks to APH's profitability.I remain an AI bull, but prefer Alphabet over APH for now; clarity on Fed policy and AI sector momentum could quickly shift APH back to Buy. Getty Images

Thesis Idling AI data centers, rising costs, and especially a Federal Reserve rate hike could cause a moderate near-term slowdown in the AI data center buildout. In this scenario, I believe Amphenol (APH) is more vulnerable

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Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Company recognized for employee satisfaction, revenue growth and sustainability transparency

, /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced that it has been named to TIME's list of World's Best Companies 2026 for the third consecutive year. This prestigious recognition identifies 1,000 top-performing companies that set the standard for employee satisfaction, revenue growth and sustainability transparency on a global stage.

TIME and Statista evaluated the World's Best Companies 2026 across three dimensions: employee satisfaction, revenue growth, and sustainability transparency. Employee satisfaction drew on survey data from more than 200,000 employees worldwide, incorporating both direct recommendations and peer evaluations. Revenue growth was assessed based on companies demonstrating growth over the past three years, with revenues exceeding 100 million USD. Sustainability transparency was evaluated based on environmental impact, social responsibility, and governance practices.

"Being recognized on TIME's World's Best Companies list reflects the strength of our talent and culture around the world," said Kathy Diaz, Chief People Officer, Cognizant. "As an AI Builder serving many of the world's leading organizations, we create opportunities for our associates to build expertise at the frontier of technology, shape meaningful careers and make an impact through the work they do every day."

This recognition adds to a growing list of global accolades for Cognizant, including being certified as Great Place to Work® in 31 countries and being named to Ethisphere's World's Most Ethical Companies list. Together, these distinctions reflect the strength and consistency of Cognizant's culture across its global workforce.

Statista publishes hundreds of worldwide industry rankings and company listings with high-profile media partners. This research and analysis service is based on the success of statista.com, the leading data and business intelligence portal that provides statistics, business-relevant data and various market and consumer studies and surveys.

To view the full World's Best Companies 2026 list, visit TIME's website.

About Cognizant
Cognizant (NASDAQ: CTSH) is an AI builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization's unique context into technology systems that amplify human potential, realize tangible returns and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant.

For more information, contact:

U.S.

Alexis Garfinkel

[email protected]

Europe / APAC

Sarah Douglas

[email protected]

India

Vipin Nair

[email protected]

SOURCE Cognizant Technology Solutions

Chime Financial (CHYM) will acquire Stride for $590M in cash, aiming for immediate EPS accretion and further upside. Grand Theft Auto 6's launch is a major videogame catalyst.

NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, Sept.

 | Source: Flywire Corporation

Flywire helps Davidson Hospitality Group achieve substantial annual processing fee savings through online payment processing and strategic ACH adoption

With Flywire, Davidson streamlines operations and elevates guest experiences across its property portfolio

BOSTON, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW), a global payments enablement and software company, today announced a deepened partnership with Davidson Hospitality Group ("Davidson"), an award-winning, full-service hospitality management company, to roll out advanced payment and transaction management capabilities across its portfolio.

The expansion comes as Davidson properties have already demonstrated meaningful processing fee savings within months of deploying Flywire's integrated payments and e-signature platform - validating the company's decision to scale the solution across its entire portfolio. Through enhanced ACH payment acceptance and streamlined digital authorization workflows, Davidson is reducing operational overhead while accelerating cash collection cycles.

When Davidson first adopted Flywire's payments and digital signature solutions, the company gained the ability to compress guest deposit collection and contract execution into a single, mobile-first workflow. The impact was immediate: signature turnaround times fell by roughly 75%, and back-office reconciliation work dropped significantly. The platform empowers Davidson properties to:

Reduce payment processing costs by accepting ACH transfers alongside credit and debit cards, shifting volume to lower-cost rails and cutting per-transaction expense;Mitigate chargeback risk by capturing signed authorization and payment intent simultaneously, creating audit trails that protect both the property and the guest. Flywire's white-glove chargeback response achieves over 70% win or no-contest rates on disputes, while maintaining industry-leading chargeback ratios of below 0.03%;Streamline reconciliation by automating payment matching, reducing manual data entry between property management systems and accounting platforms;Improve the guest experience by offering flexible payment options, transparent fee structures, and faster confirmation workflows; Tim Debruin, Senior Corporate Director, Event Sales & Planning at Davidson Hospitality said: "Flywire creates value for us as a partner because they built their platform specifically for hospitality operations - not as a generic payment processor. What we've seen is a real reduction in friction across both our revenue cycle and guest journey. Our teams spend less time on operational busywork and more time focusing on the guest experience."

Colin Smyth, Senior Vice President and General Manager of Travel at Flywire, added: "We are thrilled to partner with Davidson and deliver value as they scale. Every property that engages sees a similar pattern - faster processing, better cash flow, happier guests. That's exactly the kind of partnership we want to continue building as they scale Flywire across their portfolio.”

About Flywire

Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.

Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.

Flywire supports more than 5,300 clients with diverse payment methods in more than 140 currencies across 240 countries and territories around the world. Flywire is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on X (formerly known as Twitter), LinkedIn and Facebook.

About Davidson Hospitality Group

Davidson Hospitality Group is an award-winning, full-service hospitality management company comprised of 88 existing hotels and resorts; more than 240 restaurants, bars, and lounges; and 1.4 million square feet of meeting space across the United States, Europe, and the Caribbean. A trusted partner and preferred operator for Marriott, Hilton, Hyatt, Kimpton, Margaritaville, and Nobu, Davidson offers a unique entrepreneurial management style and owners’ mentality that provides the individualized personal service of a small company, enhanced by the breadth and depth of skill and experience of a larger company. In keeping with the company’s heritage of delivering value, Davidson Hospitality Group features four highly specialized operating verticals: Davidson Hotels, Pivot, Davidson Resorts and Davidson Restaurant Group. For more information, visit www.davidsonhospitality.com. Connect with us on LinkedIn: @DavidsonHospitality. Follow us on Instagram: @davidsonhospitality and TikTok: @davidsonhospitality. #DavidsonHospitality

Safe Harbor Statement

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire's Travel business strategy, expectations and plans, market growth and trends. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, "believe," "may," "will," "potentially," "estimate," "continue," "anticipate," "intend," "could," "would," "project," "target," "plan," "expect," or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire's forward-looking statements include, among others, the factors that are described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Flywire's Annual Report on Form 10-K for the year ended December 31, 2025 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, which are on file with the Securities and Exchange Commission (SEC) and available on the SEC's website at https://www.sec.gov/. The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

Contacts

Flywire 
Media Contact: Sarah King [email protected]
Investor Relations Contact: Masha Kahn [email protected]

Davidson Hospitality Group
Carrie Drost
[email protected]

AeroVironment, Inc. (NASDAQ:AVAV) will release its first earnings report after the closing bell on Wednesday, Sept. 9.

Analysts expect the Arlington, Virginia-based company to report quarterly earnings of 25 cents per share, down from 32 cents per share in the year-ago period. The consensus estimate for AeroVironment’s quarterly revenue is $456.09 million. It reported $454.68 million last year, according to Benzinga Pro.

On Sept. 2, the company won a $464.8 million contract from the U.S. Army Portfolio Acquisition Executive for Fires program office for the Enduring-High Energy Laser (E-HEL) program.

AeroVironment shares gained 2.9% to close at $148.78 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Raymond James analyst Brian Gesuale upgraded the stock from Market Perform to Outperform with a price target of $210 on July 16, 2026. This analyst has an accuracy rate of 73%. Citizens analyst Trevor Walsh maintained a Market Outperform rating and cut the price target from $350 to $230 on July 10, 2026. This analyst has an accuracy rate of 84%. Piper Sandler analyst Clarke Jeffries maintained an Overweight rating and cut the price target from $248 to $235 on July 9, 2026. This analyst has an accuracy rate of 51%. RBC Capital analyst Ken Herbert downgraded the stock from Outperform to Sector Perform and slashed the price target from $210 to $180 on July 9, 2026. This analyst has an accuracy rate of 75%. BTIG analyst Andre Madrid maintained a Buy rating with a price target of $205 on July 9, 2026. This analyst has an accuracy rate of 54%. Trending

Considering buying AVAV stock? Here’s what analysts think:

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Extreme Networks, Inc. (NASDAQ: EXTR) today announced the general availability of Extreme Agent ONE™ Coworker, the next generation of agentic AI for enterprise networking. Now available to all Extreme Platform ONE™ customers worldwide as part of their subscription, Agent ONE Coworker scales IT expertise and delivers recommendations rooted in each team’s specific network environment, enabling them to resolve issues up to 15x faster and move from reactive issue resolution to proactive planning and prevention.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260909874510/en/

Extreme Agent ONE Coworker is available now to all Extreme Platform ONE customers worldwide as part of their subscription.

Today’s enterprise environments are complex, and network teams spend hours or days gathering information and troubleshooting while also struggling to hire and retain qualified engineers. Unlike traditional predictive analytics that just surface network anomalies, Extreme Agent ONE Coworker’s “Nudge” skill combines real-time network context, historical trend analysis, and agentic reasoning that delivers recommendations directly into the workflow, telling IT teams what they need to know before they ask so they can start at the fix, not the search.

“Generic AI broadly understands networking. Extreme Agent ONE Coworker understandsthe intricate details of your network environment, encompassing historical client experience and network performance. That context is the difference between troubleshooting a ticket and fixing the root cause of a problem with documented analysis and recommendations. It turns insight into action and problems into resolutions at machine speed, while keeping people firmly in control. It’s not replacing expertise; it’s scaling it across the enterprise,” said Nabil Bukhari, CTO and President of AI Platforms, Extreme Networks.

New AI Skills Enable Embedded Intelligence Across the Operational Workflow

Within Extreme Platform ONE, Extreme Agent ONE Coworker maps relationships across users, devices, applications, services, and network conditions, delivering accurate, context-based answers so teams can investigate problems without manually assembling the evidence themselves. It shows its reasoning alongside recommendations, so teams can validate conclusions and stay in control.

The newest skill in Extreme Agent ONE Coworker is “Nudge,” which continuously analyzes your network's historical performance baseline, current traffic patterns, and platform-wide behavioral trends to identify deviations, proactively surfacing high-confidence issues that require attention.“Talk to RRM” continuously optimizes wireless performance by analyzing RF behavior.Its “canvas” skill generates dynamic dashboards and customized reports for all audiences.Enhanced by Extreme’s optimized knowledge graph, Agent ONE Coworker’s “talk to knowledge” and “talk to data” skills now deliver significantly improved response accuracy, bringing troubleshooting guidance directly into the workflow and slashing time spent onboarding new team members by up to 50%. “Talk to support” now uses live network context to recommend fixes and, when needed, automatically escalates to Extreme’s GTAC team, accelerating time to resolution.“We're excited to get started with these new tools. Extreme Agent ONE Coworker will give us the ability to instantly turn network data into context-based insights tailored to each specific audience, so we can quickly get high-level answers that our CIO can use with leadership teams, while our IT team can dive deeper to troubleshoot and optimize network performance,” said Cord C. Scott, Principal Network Engineer, Vandalia Health.

“Enterprise networking is moving beyond first-generation AI. The next era is about context: AI that understands each customer’s unique environment, explains its reasoning, and gives network teams confidence to act. Extreme Agent ONE Coworker is a strong example of that evolution, moving AI from a helpful assistant to a trusted part of network operations,” said Shamus McGillicuddy, VP of Research, Enterprise Management Associates (EMA).

Availability

Extreme Agent ONE Coworker is available now to all Extreme Platform ONE customers worldwide. Click here to register for the live demo of Extreme Agent ONE on Wednesday, September 23 at 8 a.m. PT/11 a.m. ET.

Additional Resources

Product page: Extreme Agent ONE CoworkerData Sheet: Extreme Agent ONE CoworkerProduct page: Extreme Platform ONEProduct tours: Extreme Platform ONEAbout Extreme Networks

Extreme Networks, Inc. (EXTR) is a leader in AI-powered cloud networking, focused on delivering simple and secure solutions that help businesses address challenges and enable connections among devices, applications, and users. We push the boundaries of technology, leveraging the powers of artificial intelligence, analytics, and automation. Tens of thousands of customers globally trust our AI-driven cloud networking solutions and industry-leading support to enable businesses to drive value, foster innovation, and overcome extreme challenges.For more information, visit Extreme's website at www.extremenetworks.com or follow us on LinkedIn, YouTube, X, Facebook, or Instagram.

Extreme Networks, Extreme Platform ONE, Extreme Agent ONE, and the Extreme Networks logo are trademarks or registered trademarks of Extreme Networks, Inc. in the United States, and other countries. Other trademarks shown herein are the property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260909874510/en/

ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Fiscal 2026 Second Quarter Results.

, /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or the "Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations and other owners and occupiers, announces the Company represented Havas Health in a 254,118-square-foot headquarters expansion and lease extension at 200 Madison Avenue in Midtown Manhattan. The transaction includes a 64,657-square-foot expansion and long-term extension for the global communications group.

Image courtesy of Newmark President, New York Tri-State Region David Falk and Executive Managing Director Jason Greenstein represented Havas Health in the transaction. George Comfort & Sons President and Chief Executive Officer Peter S. Duncan and Head of NYC Leasing Alexander Bermingham represented ownership, a partnership of George Comfort & Sons, Loeb Partners Realty and Jamestown.

Founded in 1835, Havas Health is one of the world's largest global communications groups, operating across more than 100 markets. It has maintained its headquarters at 200 Madison Avenue for nearly three decades.

"Havas Health's decision to expand and extend its commitment at 200 Madison Avenue reflects the enduring appeal of well-located, high-quality workplace environments for leading global companies," said Falk. "We were proud to advise Havas on a transaction that accommodates its continued growth while providing the scale, flexibility and workplace environment to support the business for years to come."

Located in Manhattan's Grand Central district, 200 Madison Avenue is a 26-story, 750,000-square-foot office tower. The owners recently completed a renovation of the property's Madison Avenue entrance and lobby and is developing an 11,000-square-foot indoor-outdoor amenity center featuring executive conference rooms, collaborative and event spaces, a lounge and outdoor sky garden. Built in 1926, the property offers flexible floorplates and convenient access to Grand Central Terminal, Herald Square and Penn Station, as well as multiple subway and bus lines.

The transaction comes amid sustained leasing momentum across Manhattan, where year-to-date leasing reached 32.0 million square feet through August, following nine consecutive months of activity above 3.0 million square feet. Midtown continues to capture the majority of active tenant demand, accounting for 58.5% of requirements by square footage.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leading commercial real estate advisor and service provider to large institutional investors and other owners, global corporations and other occupiers, and lenders. Built with purpose and driven by excellence, Newmark's comprehensive platform is uniquely tailored to provide superior outcomes to clients. For the twelve months ended June 30, 2026, Newmark generated revenues of more than $3.6 billion. As of June 30, 2026, Newmark and its business partners together operated from over 195 offices with more than 10,000 professionals across four continents. Learn more at nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

SOURCE Newmark Group, Inc.

Credo Technology Group is upgraded to strong buy after a misunderstood post-earnings selloff, with Wall Street misreading GAAP margin compression and working capital expansion. CRDO's vertical integration via DustPhotonics acquisition positions it to solve the AI memory bottleneck, targeting a multi-billion dollar TAM with LPDDR-based solutions. The company's PILOT telemetry and zeroflap optics offer hyperscalers hard-dollar ROI, supporting long-term non-GAAP margin expansion and competitive differentiation.

Fluence (FLNC) is a speculative Buy, with upside tied to recovering delivery volumes and normalized project margins. FLNC's backlog and continued order flow indicate robust demand, but operational execution and timely project completion remain critical. Valuation at 0.75x forward sales implies a $14 target (+35%), contingent on margin recovery and cash flow stabilization.

SCOTTSDALE, Ariz., Sept. 09, 2026 (GLOBE NEWSWIRE) -- LifeStance Health Group, Inc. (“LifeStance” or the “Company”) (Nasdaq: LFST), one of the nation’s largest providers of virtual and in-person outpatient mental health care, today announced the pricing of a secondary underwritten public offering of 22,250,000 shares of LifeStance’s common stock, par value $0.01 per share (the “Common Stock”) at a public offering price of $12.35 per share, pursuant to a shelf registration statement filed with the Securities and Exchange Commission (the “SEC”) from certain stockholders of the Company (the “Selling Stockholders”). The Selling Stockholders will receive all of the proceeds from the offering. The Company is not selling any shares of Common Stock in the offering and will not receive any proceeds from the offering.

In addition, the Company has agreed to purchase from the underwriter 2,000,000 shares of Common Stock to be sold by the Selling Stockholders in the offering, at a price per share equal to the price per share to be paid by the underwriter to the Selling Stockholders (the “Repurchase”). The Repurchase is conditioned upon the completion of the offering and the satisfaction of other customary conditions. The offering is not conditioned upon the completion of the Repurchase. The underwriter will not receive any compensation for the shares of Common Stock being purchased by the Company.

Subject to customary closing conditions, the offering and the Repurchase are expected to settle and close on or about September 11, 2026.

Barclays is acting as the underwriter for the offering.

An automatic shelf registration statement (including a prospectus) relating to the offering of Common Stock was filed by LifeStance with the SEC on May 21, 2024 and became effective upon filing. Before you invest, you should read the prospectus in the shelf registration statement and the documents incorporated by reference therein and the prospectus supplement that the Company has filed with the SEC for more complete information about the Company and the offering. The offering is being made only by means of a prospectus and a related prospectus supplement relating to the offering, copies of which may be obtained by contacting Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847, or by email at [email protected]. A copy of the prospectus and the related prospectus supplement relating to the offering may also be obtained free of charge by visiting EDGAR on the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Nothing herein should be construed as an offer to
sell, or the solicitation of an offer to buy, any shares of Common Stock subject to the
Repurchase.

About LifeStance

Founded in 2017, LifeStance (Nasdaq: LFST) is reimagining mental health. We are one of the nation’s largest providers of virtual and in-person outpatient mental health care for children, adolescents and adults experiencing a variety of mental health conditions. Our mission is to help people lead healthier, more fulfilling lives by improving access to trusted, affordable and personalized mental healthcare. LifeStance and its supported practices employ over 8,500 psychiatrists, advanced practice nurses, psychologists and therapists and operates across 33 states and more than 550 centers.

Forward-Looking Statements

This press release may contain “forward-looking” statements based on the Company’s beliefs and assumptions and on information currently available to the Company. Forward-looking statements can be identified by words such as “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “contemplate” and other similar expressions, although not all forward-looking statements contain these identifying words. For example, all statements we make regarding the terms of the proposed public offering and the Repurchase are forward-looking statements.

Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by any forward-looking statements. These risks and uncertainties include, but are not limited to: if reimbursement rates paid by third-party payors are reduced or if third-party payors otherwise restrain our ability to obtain or deliver care to patients, our business could be harmed; we may not grow at the rates we historically have achieved or at all, even if our key metrics may imply future growth, including if we are unable to successfully execute on our growth initiatives and business strategies; if we fail to manage our growth effectively, our expenses could increase more than expected, our revenue may not increase proportionally or at all, and we may be unable to execute on our business strategy; our growth depends on our ability to recruit, acquire and retain clinicians; we operate in a competitive industry, and if we are not able to compete effectively, our business, results of operations and financial condition would be harmed; our business depends on our ability to effectively invest in, implement improvements to and properly maintain the uninterrupted operation and data integrity of our information technology and other business systems; we conduct business in a heavily regulated industry and if we fail to comply with these laws and government regulations, we could incur penalties or be required to make significant changes to our operations or experience adverse publicity, which could have a material adverse effect on our business, results of operations and financial condition; we are dependent on our relationships with supported practices, which we do not own, to provide health care services, and our business would be harmed if those relationships were disrupted or if our arrangements with these entities became subject to legal challenges; if we are unable to adapt to healthcare reform legislation and other changes in the healthcare industry and in healthcare spending, our business could be harmed; if our or our vendors’ security measures fail or are breached and unauthorized access to our employees’, patients’ or partners’ data is obtained, our systems may be perceived as insecure, we may incur significant liabilities, including through private litigation or regulatory action, our reputation may be harmed, and we could lose patients and partners; our existing indebtedness could adversely affect our business and growth prospects; and other risks and uncertainties set forth under “Risk Factors” included in the reports we have filed or will file with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2025 Quarterly Reports on 10-Q for the quarterly periods ended March 31, 2026 and June 30, 2026 and subsequent filings made with the SEC.

For the reasons described above, we caution you against relying on any forward-looking statements, which should be read in conjunction with the other cautionary statements included elsewhere in this press release and risk factors discussed from time to time in the Company’s filings with the SEC, which can be found at the SEC’s website at http://www.sec.gov. Any forward-looking statement in this presentation speaks only as of the date of this press release. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update or revise any forward-looking statement after the date of this press release, whether as a result of new information, future developments or otherwise, except as may be required by law. No recipient should, therefore, rely on these forward-looking statements as representing the views of the Company or its management as of any date subsequent to the date of the press release.

Gallagher's 2026 US Talent Benchmarks report highlights how turnover, workforce capacity constraints and AI-driven change are shaping organizational effectiveness

, /PRNewswire/ -- Workforce challenges remain top of mind as employers pursue growth with constrained teams, elevated turnover and increasing pressure to adapt to new technologies, according to Gallagher's 2026 US Workforce Trends Report – Talent Benchmarks. Based on responses from more than 3,700 US employers, the report examines the trends influencing employee engagement, retention and organizational effectiveness.

Among the report's most notable findings:

Retention has become a business challenge, not just an HR concern. Nearly two-thirds (63%) of employers reported annual turnover rates of 10% or higher in 2025. 61% of employers anticipate revenue growth by 2027, while only 50% expect workforce headcount to increase; a gap that highlights growing workforce capacity pressures. More than half (57%) of employers conducted an employee engagement survey in 2024 or later, yet many are still working to turn employee feedback into meaningful action. AI use in HR is expected to expand, with 73% of employers likely to increase adoption by 2028. Even as AI adoption grows, trust remains a challenge. Nearly one-third (29%) of employers cite concerns about eroding employee trust as a barrier to adoption. "The data show that many organizations are navigating a difficult balancing act," said John Tournet, US CEO of Gallagher's Benefits & HR Consulting Division. "Business leaders are pursuing growth while managing cost pressures, workforce capacity constraints and retention challenges. Organizations that succeed will be the ones that focus on the fundamentals: helping managers lead effectively, creating realistic workloads and ensuring employees understand how their work contributes to organizational goals."

Employers are preparing for a future in which AI plays a larger role in how work is performed and decisions are made. While 71% of employers have either fully operationalized AI or implemented it in parts of the business, the findings suggest successful adoption will require clear communication, strong governance and practical support for employees and managers.

"As AI becomes more integrated into day-to-day work, organizations are recognizing that technology alone isn't enough," added Tournet. "The focus is increasingly shifting from implementation to helping employees and managers use AI with confidence, strengthen decision-making and support more effective ways of working."

Additional findings from the report include:

Retaining talent ranks as a top HR priority for 57% of employers and a top operational priority for 39%, reflecting the growing business impact of workforce turnover. Manager effectiveness remains one of the strongest drivers of employee engagement, with organizations focusing on clearer goal-setting, transparent communication and more timely feedback. Nearly three-quarters of organizations that have implemented AI are measuring return on investment, though employers expect it will take an average of 28 months for AI returns to outweigh implementation costs. Data privacy and security remain the top AI concern, cited by 72% of employers, while only 45% have conducted ethical impact assessments related to AI use. ABOUT THE REPORT
Gallagher's 2026 US Workforce Trends Report – Talent Benchmarks reflects survey responses from 3,717 US employers collected from January through March 2026 and provides benchmarking data and insights across employee engagement, AI and organizational effectiveness.

ABOUT GALLAGHER
Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

CONTACT:
Mary Schwartz, Gallagher
847.378.5893
[email protected]

SOURCE Gallagher

Months into the war between the United States and Iran, the conflict has entered another period of intensification. The many ups and downs over the last several months, in which a ceasefire has numerous times appeared to be emerging before attacks resume, have provided opportunities for select industries and companies to thrive. Now, with multiple commercial supertankers struck in recent weeks, escalation is prompting a divergence across the market.

As oil remains near multi-week highs, defense contractors are able to benefit from a sustained increase in government outlays. At the same time, concerns about energy security may prompt skittishness among players across the space. Oil refiners are enjoying crack spreads that are close to all-time highs as far as profitability goes. The three companies below represent each of these corners of the market and have responded very differently to the latest round of fighting in the Iran conflict.

Get SAIC alerts:

SAIC Is a Steady Compounder in the Defense IT SpaceScience Applications International Today

SAIC

Science Applications International

$127.55 +0.80 (+0.63%)

As of 09/8/2026 04:00 PM Eastern

$81.08▼

$142.661.16%

14.92

$125.22

Science Applications International Corp. NASDAQ: SAIC plays a pivotal role in intelligence systems, cybersecurity, and mission IT, allowing the contractor to benefit across all phases of a war like the one in Iran. Results for its latest quarter—Q2 fiscal 2027, ended July 31, 2026—were strong across the board, including organic revenue growth of about 5%, adjusted EBITDA of $193 at a 10.3% margin, and $131 million in free cash flow. The company also posted an impressive earnings beat with earnings per share (EPS) of $3.01, 70 cents ahead of estimates, despite this metric being lower on a year-over-year (YOY) basis due to a large legal settlement a year earlier.

SAIC also provided insight into its contract pipeline, which helps make the case for its strengths going forward. A $400-million recompute contract for an unspecified U.S. intelligence agency, coupled with a recompute win rate of more than 90% for the latest quarter, means that SAIC is highly capable of generating new business.

Management boosted fiscal 2027 earnings outlook by 75 cents on the low end and 65 cents on the high end, alongside an increase in anticipated revenue as well. The company's backlog is also robust. In short, SAIC appears to be functioning well in an environment practically designed to ensure its success. One thing that may give investors pause, however, is that after climbing nearly 26% year to date (YTD), SAIC stock may not have as much room to rally in the near term.

SolarEdge’s Recovery Still Faces a Difficult SetupSolarEdge Technologies Today

SEDG

SolarEdge Technologies

$36.43 +2.23 (+6.52%)

As of 09/8/2026 04:00 PM Eastern

$28.21▼

$81.25$38.36

After several highly tumultuous years, SolarEdge Technologies NASDAQ: SEDG appeared to be an early beneficiary of the Iran war. Shares climbed in the weeks immediately following the onset of U.S.-Israeli strikes and then spiked in early June as European demand rose amid market volatility.

In the time since, however, the picture has gotten cloudier. Even with fairly strong Q2 2026 results—including 20% YOY revenue improvement to more than $346 million and a non-GAAP operating profit for the first time in multiple years, plus gross margin expansion to 28.6%—shares of SEDG have now fallen significantly from those mid-year highs.

Higher energy prices should help to boost solar adoption, which would be a boon for the company. However, rising Treasury yields due to energy-fueled inflation concerns also mean the cost of financing its projects has soared, potentially harming demand. At the same time, a tepid U.S. residential market may also be a drag on SolarEdge's business. The result is a company that, despite a fairly strong set of fundamentals, has an overall Reduce rating across Wall Street analyses.

Marathon Is the Clearest Winner, But Not a Risk-Free OneMarathon Petroleum Today

MPC

Marathon Petroleum

$398.72 +9.82 (+2.53%)

As of 09/8/2026 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

$161.93▼

$399.621.00%

13.71

$330.50

High gas prices, near-record crack spreads, and concerns about supply have all made for an excellent environment for oil refiners. Marathon Petroleum Corp. NYSE: MPC, one of the world's largest such companies, is no exception.

Marathon's Q2 2026 earnings report was stellar, as Q2 profit surged nearly fourfold to $5.1 billion on a 54% YOY jump in revenue. Adjusted EBITDA more than doubled as well, thanks in large part to excellent crack spreads amid the near-closure of the Strait of Hormuz.

Shares of MPC have predictably shot upward in this environment, climbing over 140% YTD. Analysts remain largely optimistic about MPC's viability for investors, with 12 out of 17 calling shares a Buy even as the stock has surged past the consensus price target of $330.50. Of course, the danger for investors is that the same major catalyst—crack spreads driven by supply concerns—can reverse just as quickly. So while it may seem that Marathon is easily the winner of the three stocks on this list, investors should be mindful that it still carries risks amid a very volatile war.

Should You Invest $1,000 in Science Applications International Right Now?Before you consider Science Applications International, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Science Applications International wasn't on the list.

While Science Applications International currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

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, /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers Primoris Services Corporation (NYSE: PRIM) common stock between August 5, 2025 and June 22, 2026, inclusive (the "Class Period"), have until Monday, September 21, 2026 to seek appointment as lead plaintiff of the Primoris class action lawsuit.  Captioned Boston Retirement System v. Primoris Services Corporation, No. 26-cv-02416 (N.D. Tex.), the Primoris class action lawsuit charges Primoris as well as certain of Primoris' top current former executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Primoris class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-primoris-services-corporation-class-action-lawsuit-prim.html

You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at [email protected].

CASE ALLEGATIONS: Primoris is an infrastructure services company that provides engineering, procurement, construction, and maintenance services.

The Primoris class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Primoris' cost estimation, cost-to-complete forecasting, and project oversight processes were deficient and failed to provide reliable estimates of the costs and expected profitability of significant fixed-price renewable energy projects; (ii) as a result, Primoris systematically underestimated the costs and risks of significant fixed-price renewable energy projects that were experiencing material cost overruns, execution problems, and schedule delays; and (iii) accordingly, defendants' statements regarding Primoris' estimating processes, project execution, ability to manage project risk, financial performance, and financial guidance lacked a reasonable basis and omitted material adverse facts.

The Primoris class action lawsuit further alleges that on February 23, 2026, Primoris reported its fourth quarter and full year 2025 financial results, disclosing increased costs on certain renewable energy projects, more challenging than anticipated soil conditions, and margin compression within its Energy segment, acknowledging that these issues adversely affected fourth quarter profitability despite higher revenue.  On this news, the price of Primoris stock fell 8%, according to the complaint.

Then, on May 5, 2026, Primoris reported its financial results for the first quarter of 2026, allegedly disclosing additional adverse developments affecting its renewable energy business, including revenue and margin pressure, delayed project starts, and weaker than expected first quarter 2026 results.  Primoris also reduced its full-year 2026 Adjusted EPS guidance from $5.80-$6.00 to $4.80-$5.00 and lowered its Adjusted EBITDA guidance, the complaint alleges.  On this news, the price of Primoris stock fell approximately 50%, according to the complaint.

Thereafter, on June 8, 2026, Primoris allegedly announced that Anthony Vorderbruggen, Primoris' President of Renewables, was departing Primoris, effective immediately.  On this news, the price of Primoris stock fell approximately 15%, according to the complaint.

Finally, on June 22, 2026, Primoris issued a Business Update allegedly announcing that, following an internal review supported by an independent third-party industry expert, it had identified substantial challenges, cost overruns, and project delays affecting six renewable energy projects.  Primoris reduced its full-year 2026 Adjusted EPS guidance to $2.05-$2.60, lowered its Adjusted EBITDA guidance to $275 million-$325 million, projected that 2026 Renewables revenue would decline to approximately $2.1 billion, and announced the resignation of its Chief Operating Officer, defendant Jeremy Kinch.  The Primoris class action lawsuit alleges that on this news, the price of Primoris stock fell 22%.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Primoris common stock during the Class Period to seek appointment as lead plaintiff in the Primoris class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the Primoris class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the Primoris class action lawsuit.  An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Primoris class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder rights litigation.  Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025.  This marks our fourth #1 ranking in the past five years.  And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm.  With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig.  Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes. 

Services may be performed by attorneys in any of our offices. 

Contact:

          Robbins Geller Rudman & Dowd LLP

          Ken Dolitsky

          Michael Albert

          655 W. Broadway, Suite 1900, San Diego, CA 92101

          800/851-7783

          [email protected] 

SOURCE Robbins Geller Rudman & Dowd LLP

On CNBC’s “Halftime Report Final Trades,” Brian Belski, founder, CEO & chief investment officer at Humilis Investment Strategies, picked Pinnacle Financial Partners, Inc. (NYSE:PNFP).

Lending support to his choice, Morgan Stanley analyst Ryan Kenny on Tuesday initiated coverage of Pinnacle Financial Partners with an Overweight rating and set a price target of $137.

Jim Lebenthal, partner and chief market strategist at Cerity Partners, named Cheniere Energy, Inc. (NYSE:LNG) as his final trade.

Supporting his view, RBC Capital analyst Elvira Scotto, on Aug. 24, maintained Cheniere Energy with an Outperform rating and raised the price target from $300 to $319.

Don’t forget to check out our premarket coverage here

Joseph M. Terranova, senior managing director for Virtus Investment Partners, said he likes Freeport-McMoRan Inc. (NYSE:FCX).

Trending

On the earnings front, Freeport-McMoRan, on July 23, reported second-quarter results that topped Wall Street expectations, as higher realized copper and gold prices and strong operational execution helped offset lower production from its Indonesian operations.

Adjusted earnings came in at 74 cents per share, beating the analyst consensus estimate of 59 cents. Revenue totaled $7.03 billion, ahead of the Street estimate of $6.76 billion.

Price Action:

Pinnacle Financial Partners shares fell 0.3% to close at $100.71 on Tuesday. Cheniere Energy shares dipped 5.5% to settle at $276.02 during the session. Freeport-McMoRan shares gained 5.4% to close at $76.62 on Tuesday. Photo via Shutterstock

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PLANTATION, Fla.--(BUSINESS WIRE)--Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted destination for pet parents and partners everywhere, has released its financial results for the second quarter of fiscal year 2026 ended August 2, 2026.

Fiscal Q2 2026 Highlights:

Net sales of $3.33 billion increased 7.3 percent year over year or 5.7 percent excluding SmartPak and Modern Animal contributions Gross margin of 30.4 percent stayed consistent year over year Net income of $80.5 million, including share-based compensation expense and related taxes of $85.9 million Net margin of 2.4 percent increased 40 basis points year over year Basic earnings per share of $0.20, an increase of $0.05 year over year Diluted earnings per share of $0.20, an increase of $0.06 year over year Adjusted EBITDA(1) of $226.7 million, an increase of $43.4 million year over year Adjusted EBITDA margin(1) of 6.8 percent increased 90 basis points year over year Adjusted net income(1) of $148.8 million, an increase of $7.7 million year over year Adjusted basic earnings per share(1) of $0.37, an increase of $0.03 year over year Adjusted diluted earnings per share(1) of $0.36, an increase of $0.03 year over year “Chewy delivered a strong second quarter, with growth of 7.3% to $3.33 billion of net sales at the high end of our guidance, and a 6.8% Adj. EBITDA margin, exceeding our expectations,” said Sumit Singh, Chief Executive Officer of Chewy. “The durability of our recurring revenue base, continued customer growth, and disciplined execution give us confidence to raise our full-year revenue and profitability outlook, while continuing to invest in compelling opportunities that deepen customer engagement and create long-term shareholder value.”

Management will host a conference call and webcast to discuss Chewy's financial results today at 8:00 am ET.

Chewy Fiscal Second Quarter 2026 Financial Results Conference Call
When: Wednesday, September 9, 2026
Time: 8:00 am ET
Live webcast and replay: https://investor.chewy.com
Conference call registration: https://events.q4inc.com/attendee/640129598

(1) Adjusted EBITDA, adjusted EBITDA margin, adjusted net income, and adjusted basic and diluted earnings per share are non-GAAP financial measures. See “Non-GAAP Financial Measures” for additional information on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures.

About Chewy

Our mission is to be the most trusted and convenient destination for pet parents and partners everywhere. We believe that we are the preeminent online source for pet products, supplies, and prescriptions as a result of our broad selection of high-quality products and services, which we offer at competitive prices and deliver with an exceptional level of care and a personal touch to build brand loyalty and drive repeat purchasing. We seek to continually develop innovative ways for our customers to engage with us, as our websites and mobile applications allow our pet parents to manage their pets’ health, wellness, and merchandise needs, while enabling them to conveniently shop for our products. We partner with approximately 4,000 of the best and most trusted brands in the pet industry, and we create and offer our own private brands. Through our websites and mobile applications, we offer our customers approximately 190,000 products and services offerings, to bring what we believe is a high-bar, customer-centric experience to our customers.

Forward-Looking Statements

This communication contains forward-looking statements about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this communication, including statements regarding our share repurchase program, our future results of operations or financial condition, business strategy and plans and objectives of management for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will” or “would” or the negative of these words or other similar terms or expressions, although not all forward-looking statements contain these identifying words.

Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could cause actual results to differ materially from those in such forward-looking statements, including but not limited to, our ability to: sustain our recent growth rates and successfully manage challenges to our future growth, including introducing new products or services, improving existing products and services, and expanding into new jurisdictions and offerings; successfully respond to business disruptions; successfully manage risks related to the macroeconomic environment, including any adverse impacts on our business operations, financial performance, supply chain, workforce, facilities, customer services and operations; acquire and retain new customers in a cost-effective manner and increase our net sales, improve margins and maintain profitability; manage our growth effectively; maintain positive perceptions of the Company and preserve, grow, and leverage the value of our reputation and our brand; limit operating losses as we continue to expand our business; forecast net sales and appropriately plan our expenses in the future; estimate our market share; strengthen our current supplier relationships, retain key suppliers, and source additional suppliers; negotiate acceptable pricing and other terms with third-party service providers, suppliers and outsourcing partners and maintain our relationships with such parties; mitigate changes in, or disruptions to, our shipping arrangements and operations; optimize, operate and manage the expansion of the capacity of our fulfillment centers; provide our customers with a cost-effective platform that is able to respond and adapt to rapid changes in technology; limit our losses related to online payment methods; maintain and scale our technology, the reliability of our websites, mobile applications, and network infrastructure, including through the use of artificial intelligence; maintain adequate cybersecurity with respect to our systems and retain third-party service providers that do the same with respect to their systems; maintain consumer confidence in the safety, quality and health of our products; limit risks associated with our suppliers and our outsourcing partners; comply with existing or future laws and regulations in a cost-efficient manner; utilize net operating loss and tax credit carryforwards, and other tax attributes; adequately protect our intellectual property rights; successfully defend ourselves against any allegations or claims that we may be subject to; attract, develop, motivate and retain highly-qualified and skilled employees; respond to economic conditions, industry trends, and market conditions, and their impact on the pet products market; reduce merchandise returns or refunds; respond to severe weather and limit disruption to normal business operations; manage new acquisitions, investments or alliances, and integrate them into our existing business; successfully compete in new offerings; manage challenges presented by international markets; successfully compete in the pet products and services health and retail industry, especially in the e-commerce sector; comply with the terms of our credit facility; raise capital as needed; and maintain effective internal control over financial reporting.

You should not rely on forward-looking statements as predictions of future events, and you should understand that these statements are not guarantees of performance or results, and our actual results could differ materially from those expressed in the forward-looking statements due to a variety of factors. We have based the forward-looking statements contained in this communication primarily on our current assumptions, expectations, and projections about future events and trends that we believe may affect our business, financial condition, and results of operations. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors described in the section titled “Risk Factors” included under Part 1, Item 1A in our Annual Report on Form 10-K for the fiscal year ended February 1, 2026, in our other filings with the Securities and Exchange Commission, our subsequent quarterly reports, and elsewhere in this communication. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this communication. The results, events and circumstances reflected in the forward-looking statements may not be achieved or occur, and actual results, events or circumstances could differ materially from those described in the forward-looking statements. In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based on information available to us as of the date of this communication. While we believe that such information provides a reasonable basis for these statements, this information may be limited or incomplete. Our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely on these statements. The forward-looking statements made in this communication relate only to events as of the date on which the statements are made. We undertake no obligation to update any forward-looking statements made in this communication to reflect events or circumstances after the date of this communication or to reflect new information or the occurrence of unanticipated events, except as required by law. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures or investments.

CHEWY, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions, except share and per share data)

  As of

August 2,
2026

February 1,
2026

Assets

(Unaudited)

Current assets:

Cash and cash equivalents

$

611.0

$

860.1

Marketable securities

1.2

18.7

Accounts receivable

232.1

222.2

Inventories

924.7

864.8

Prepaid expenses and other current assets

76.3

70.0

Total current assets

1,845.3

2,035.8

Property and equipment, net

624.8

552.3

Intangible assets, net

149.7

0.3

Operating lease right-of-use assets

482.1

467.9

Goodwill

334.1

39.4

Deferred tax assets

264.7

232.2

Other non-current assets

39.9

38.5

Total assets

$

3,740.6

$

3,366.4

Liabilities and stockholders’ equity

Current liabilities:

Trade accounts payable

$

1,166.0

$

1,221.4

Accrued expenses and other current liabilities

1,033.4

1,080.2

Current portion of long-term debt

3.0

—

Total current liabilities

2,202.4

2,301.6

Operating lease liabilities

527.2

518.7

Long-term debt, net

588.7

—

Other long-term liabilities

51.8

48.2

Total liabilities

3,370.1

2,868.5

Stockholders’ equity:

Preferred stock, $0.01 par value per share, 5,000,000 shares authorized, no shares issued and outstanding as of August 2, 2026 and February 1, 2026

—

—

Class A common stock, $0.01 par value per share, 1,500,000,000 shares authorized, 224,993,295 and 238,647,144 shares issued and outstanding as of August 2, 2026 and February 1, 2026, respectively

2.2

2.4

Class B common stock, $0.01 par value per share, 395,000,000 shares authorized, 176,478,229 and 176,478,229 shares issued and outstanding as of August 2, 2026 and February 1, 2026, respectively

1.8

1.8

Additional paid-in capital

1,550.7

1,852.9

Accumulated deficit

(1,184.8

)

(1,360.1

)

Accumulated other comprehensive income

0.6

0.9

Total stockholders’ equity

370.5

497.9

Total liabilities and stockholders’ equity

$

3,740.6

$

3,366.4

CHEWY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(in millions, except per share data)

(Unaudited)

  13 Weeks Ended

26 Weeks Ended

August 2,
2026

August 3,
2025

August 2,
2026

August 3,
2025

Net sales

$

3,330.2

$

3,104.2

$

6,687.4

$

6,220.2

Cost of goods sold

2,319.0

2,162.0

4,664.8

4,354.2

Gross profit

1,011.2

942.2

2,022.6

1,866.0

Operating expenses:

Selling, general and administrative

704.4

671.9

1,381.2

1,325.0

Advertising and marketing

214.8

200.6

420.9

394.4

Total operating expenses

919.2

872.5

1,802.1

1,719.4

Income from operations

92.0

69.7

220.5

146.6

Interest and other income, net

19.9

4.3

22.7

5.3

Income before income tax provision

111.9

74.0

243.2

151.9

Income tax provision

31.4

12.0

67.9

27.5

Net income

$

80.5

$

62.0

$

175.3

$

124.4

Comprehensive income:

Net income

$

80.5

$

62.0

$

175.3

$

124.4

Foreign currency translation adjustments

(0.3

)

0.2

(0.3

)

0.6

Comprehensive income

$

80.2

$

62.2

$

175.0

$

125.0

Earnings per share attributable to common Class A and Class B stockholders:

Basic

$

0.20

$

0.15

$

0.43

$

0.30

Diluted

$

0.20

$

0.14

$

0.42

$

0.29

Weighted-average common shares used in computing earnings per share:

Basic

406.4

414.2

410.1

413.9

Diluted

410.1

428.4

414.6

426.8

CHEWY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions)

(Unaudited)

  26 Weeks Ended

August 2,
2026

August 3,
2025

Cash flows from operating activities

Net income

$

175.3

$

124.4

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

76.7

62.1

Share-based compensation expense

150.4

150.4

Non-cash lease expense

19.6

17.4

Unrealized foreign currency (gains) losses, net

—

(0.2

)

Other adjustments

6.8

5.8

Net change in operating assets and liabilities:

Accounts receivable

(8.2

)

(52.1

)

Inventories

(44.9

)

(37.5

)

Prepaid expenses and other current assets

(2.7

)

(32.2

)

Other non-current assets

(0.4

)

—

Trade accounts payable

(65.3

)

50.0

Accrued expenses and other current liabilities

(49.3

)

(49.8

)

Operating lease liabilities

(18.5

)

(16.9

)

Other long-term liabilities

6.4

(1.1

)

Net cash provided by operating activities

245.9

220.3

Cash flows from investing activities

Capital expenditures

(85.6

)

(65.7

)

Purchases of marketable securities

(21.4

)

—

Proceeds from maturities of marketable securities

39.2

—

Cash paid for acquisition of businesses, net of cash acquired

(552.8

)

—

Other investing activities

—

(5.2

)

Net cash (used in) investing activities

(620.6

)

(70.9

)

Cash flows from financing activities

Repurchases of common stock

(400.0

)

(152.6

)

Proceeds from, net of income taxes paid for, parent reorganization transaction

4.3

2.3

Repayment of borrowings and related financing costs

—

(0.8

)

Proceeds from debt

811.7

—

Principal repayments of debt

(220.0

)

—

Payments for tax withholdings related to vesting of share-based compensation awards

(68.7

)

—

Other

(1.4

)

(2.9

)

Net cash provided by (used in) financing activities

125.9

(154.0

)

Effect of exchange rate changes on cash and cash equivalents

(0.3

)

0.6

Net (decrease) in cash and cash equivalents

(249.1

)

(4.0

)

Cash and cash equivalents, as of beginning of period

860.1

595.8

Cash and cash equivalents, as of end of period

$

611.0

$

591.8

Non-GAAP Financial Measures

To supplement our GAAP results, we present certain non-GAAP financial measures that management uses to evaluate operating performance, assess liquidity, and inform capital allocation decisions. These measures include Adjusted EBITDA and Adjusted EBITDA margin, Adjusted net income and Adjusted earnings per share, and Free cash flow.

Adjusted EBITDA excludes depreciation and amortization, share-based compensation and related taxes, income tax provision (benefit), interest income (expense), transaction-related costs, net legal settlement proceeds, changes in the fair value of equity warrants, severance and exit costs, and other items not considered indicative of our core operations. Adjusted EBITDA margin represents Adjusted EBITDA as a percentage of net sales.

Adjusted net income and Adjusted earnings per share exclude certain non-cash and non-recurring items, including share-based compensation and related taxes, releases of valuation allowances associated with deferred tax assets, transaction-related costs, net legal settlement proceeds, changes in the fair value of equity warrants, and severance and exit costs. Beginning in the first quarter of 2026, Adjusted net income excludes transaction-related costs prospectively.

Free cash flow represents net cash provided by operating activities less capital expenditures.

We believe these measures provide additional insight into the underlying trends in our business and facilitate comparisons across reporting periods. Reconciliations to the most directly comparable GAAP measures are provided below.

These non-GAAP measures have limitations and should not be considered in isolation or as a substitute for GAAP results. For example, Adjusted EBITDA does not reflect capital expenditures, working capital requirements, interest income (expense), income taxes, or share-based compensation, which remains a recurring component of our compensation structure. In addition, other companies may calculate non-GAAP measures differently, which may limit their comparability. Accordingly, these measures should be considered together with our GAAP financial statements and related disclosures.

Key Financial and Operating Data

We measure our business using both financial and operating data and use the following metrics and measures to assess the near-term and long-term performance of our overall business, including identifying trends, formulating financial projections, making strategic decisions, assessing operational efficiencies, and monitoring our business.

13 Weeks Ended

26 Weeks Ended

(in millions, except net sales per active customer, per share data, and percentages)

August 2,
2026

August 3,
2025

%
Change

August 2,
2026

August 3,
2025

%
Change

Financial and Operating Data

Net sales

$

3,330.2

$

3,104.2

7.3

%

$

6,687.4

$

6,220.2

7.5

%

Net income (1)

$

80.5

$

62.0

29.8

%

$

175.3

$

124.4

40.9

%

Net margin

2.4

%

2.0

%

2.6

%

2.0

%

Adjusted EBITDA (2)

$

226.7

$

183.3

23.7

%

$

479.8

$

376.0

27.6

%

Adjusted EBITDA margin (2)

6.8

%

5.9

%

7.2

%

6.0

%

Adjusted net income (2)

$

148.8

$

141.1

5.5

%

$

328.7

$

290.0

13.3

%

Earnings per share, basic (1)

$

0.20

$

0.15

33.3

%

$

0.43

$

0.30

43.3

%

Earnings per share, diluted (1)

$

0.20

$

0.14

42.9

%

$

0.42

$

0.29

44.8

%

Adjusted earnings per share, basic (2)

$

0.37

$

0.34

8.8

%

$

0.80

$

0.70

14.3

%

Adjusted earnings per share, diluted (2)

$

0.36

$

0.33

9.1

%

$

0.79

$

0.68

16.2

%

Net cash provided by operating activities

$

137.4

$

133.9

2.6

%

$

245.9

$

220.3

11.6

%

Free cash flow (2)

$

89.5

$

105.9

(15.5

)%

$

160.3

$

154.6

3.7

%

Active customers (3) (4)

21.705

20.906

3.8

%

21.705

20.906

3.8

%

Net sales per active customer

$

602

$

591

1.9

%

$

602

$

591

1.9

%

Autoship customer sales

$

2,817.2

$

2,576.9

9.3

%

$

5,649.8

$

5,139.6

9.9

%

Autoship customer sales as a percentage of net sales

84.6

%

83.0

%

84.5

%

82.6

%

(1) Includes share-based compensation expense and related taxes of $85.9 million and $159.3 million for the thirteen and twenty-six weeks ended August 2, 2026, compared to $79.1 million and $157.1 million for the thirteen and twenty-six weeks ended August 3, 2025.

(2) Adjusted EBITDA, adjusted EBITDA margin, adjusted net income, adjusted basic and diluted earnings per share, and free cash flow are non-GAAP financial measures. See “Non-GAAP Financial Measures” above.

(3) Includes approximately 43 thousand active customers attributable to SmartPak for the thirteen and twenty-six weeks ended August 2, 2026.

(4) Excludes customer additions related to the Modern Animal acquisition.

We define net margin as net income divided by net sales and adjusted EBITDA margin as adjusted EBITDA divided by net sales.

Adjusted EBITDA and Adjusted EBITDA Margin

The following table presents a reconciliation of net income to adjusted EBITDA, as well as the calculation of net margin and adjusted EBITDA margin, for each of the periods indicated:

(in millions, except percentages)

13 Weeks Ended

26 Weeks Ended

Reconciliation of Net Income to Adjusted EBITDA

August 2,
2026

August 3,
2025

August 2,
2026

August 3,
2025

Net income

$

80.5

$

62.0

$

175.3

$

124.4

Add (deduct):

Depreciation and amortization

39.7

32.1

76.7

62.1

Share-based compensation expense and related taxes

85.9

79.1

159.3

157.1

Interest expense (income), net

4.7

(3.9

)

1.9

(7.1

)

Change in fair value of equity warrants

—

—

—

2.6

Income tax provision

31.4

12.0

67.9

27.5

Exit costs

—

—

1.9

—

Severance costs

—

—

—

5.9

Net legal settlement proceeds

(24.0

)

—

(24.0

)

—

Transaction related costs

6.4

0.6

16.2

0.7

Other

2.1

1.4

4.6

2.8

Adjusted EBITDA

$

226.7

$

183.3

$

479.8

$

376.0

Net sales

$

3,330.2

$

3,104.2

$

6,687.4

$

6,220.2

Net margin

2.4

%

2.0

%

2.6

%

2.0

%

Adjusted EBITDA margin

6.8

%

5.9

%

7.2

%

6.0

%

Adjusted Net Income and Adjusted Basic and Diluted Earnings per Share

The following table presents a reconciliation of net income to adjusted net income, as well as the calculation of adjusted basic and diluted earnings per share, for each of the periods indicated:

(in millions, except per share data)

13 Weeks Ended

26 Weeks Ended

Reconciliation of Net Income to Adjusted Net Income

August 2,
2026

August 3,
2025

August 2,
2026

August 3,
2025

Net income

$

80.5

$

62.0

$

175.3

$

124.4

Add:

Share-based compensation expense and related taxes

85.9

79.1

159.3

157.1

Change in fair value of equity warrants

—

—

—

2.6

Exit costs

—

—

1.9

—

Severance costs

—

—

—

5.9

Net legal settlement proceeds

(24.0

)

—

(24.0

)

—

Transaction related costs

6.4

—

16.2

—

Adjusted net income

$

148.8

$

141.1

$

328.7

$

290.0

Weighted-average common shares used in computing earnings per share and adjusted earnings per share:

Basic

406.4

414.2

410.1

413.9

Effect of dilutive share-based awards

3.7

14.2

4.5

12.9

Diluted

410.1

428.4

414.6

426.8

Earnings per share attributable to common Class A and Class B stockholders

Basic

$

0.20

$

0.15

$

0.43

$

0.30

Diluted

$

0.20

$

0.14

$

0.42

$

0.29

Adjusted basic

$

0.37

$

0.34

$

0.80

$

0.70

Adjusted diluted

$

0.36

$

0.33

$

0.79

$

0.68

Free Cash Flow

The following table presents a reconciliation of net cash provided by operating activities to free cash flow for each of the periods indicated:

(in millions)

13 Weeks Ended

26 Weeks Ended

Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow

August 2,
2026

August 3,
2025

August 2,
2026

August 3,
2025

Net cash provided by operating activities

$

137.4

$

133.9

$

245.9

$

220.3

Deduct:

Capital expenditures

(47.9

)

(28.0

)

(85.6

)

(65.7

)

Free Cash Flow

$

89.5

$

105.9

$

160.3

$

154.6

Free cash flow may vary period to period based on the timing and level of capital expenditures, including investments in fulfillment capacity, pharmacy facilities, veterinary clinics, technology infrastructure, and other operational initiatives. Free cash flow may also be affected by changes in working capital, including fluctuations in inventory levels, vendor payment terms, and other components of the cash conversion cycle.

Chewy stock advances after the company raises net sales guidance for the fiscal year.