, /PRNewswire/ -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading hologram augmented reality ("AR") technology provider, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2025, with the Securities and Exchange Commission (the "SEC").
The company reported that its net income increased by RMB 243.8 million, or 235.9%, from RMB 103.3 million for the year ended December 31, 2024, to RMB 347.1 million (USD 49.4 million) for the year ended December 31, 2025, representing two consecutive years of profitability with substantial profit growth and significantly improved performance.
For the year ended December 31, 2025, the company incurred approximately RMB 147.6 million (USD 21.0 million) in operating expenses, representing a decrease of approximately RMB 35.4 million, or 19.4%, from approximately RMB 183.1 million for the year ended December 31, 2024, reflecting outstanding cost-reduction effects, remarkable expense optimization, and enhanced cost control capabilities.
Moreover, the company's working capital was approximately RMB 2,611.6 million (USD 371.6 million) as of December 31, 2025, representing a 105.8% increase from RMB 1,269.2 million (USD 176.6 million) as of December 31, 2024. The company maintained sufficient cash flow and capital reserves, demonstrating extremely strong risk resistance capacity.
The information disclosed in this press release does not purport to be complete and is qualified in its entirety by reference to the Company's annual report on Form 20-F. The annual report, which contains the Company's audited consolidate statements, can be accessed on the SEC's website at http://www.sec.gov and on the Company's investor relations website at http://ir.wimiar.com/.
The Company will provide a copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed to Investor Relations Department, Room#1508, 4th Building, Zhubang 2000 Business Center, No. 97, Balizhuang Xili, Chaoyang District, Beijing,The People's Republic of China.
About WIMI Hologram Cloud Inc.
WiMi Hologram Cloud Inc. (NASDAQ: WIMI), whose commercial operations began in 2015, is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies. For more information, please visit http://ir.wimiar.com.
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This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release, as well as the Company's strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; the expected growth of the AR holographic industry; and the Company's expectations regarding demand for and market acceptance of its products and services. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws.
, /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, launched a breakthrough technological achievement—a Multi-Scale Fusion Quantum Deep Convolutional Neural Network for Text Classification. This technology is based on an advanced quantum convolutional architecture and an innovative multi-scale feature fusion mechanism, aimed at solving bottlenecks in the field of natural language processing (NLP) such as high model complexity, limited embedding representations, and difficulty in scaling quantum networks.
This brand-new Quantum Deep Convolutional Neural Network (QDCNN) not only achieves breakthrough improvements in key dimensions such as parameter scale, computational complexity, and training efficiency but also realizes unified modeling of word-level and sentence-level information, obtaining performance superior to existing state-of-the-art quantum models on multiple standard datasets. The release of this technology is regarded as an important milestone in promoting quantum natural language processing from theory to practical application.
In recent years, with the widespread success of large neural network architectures such as Transformer in the NLP field, the industry's demand for fast, scalable, and low-energy-consumption natural language processing models has been growing. Quantum machine learning is considered a potential key technological direction to break through this dilemma. After in-depth analysis of these bottlenecks, the WiMi R&D team realized that a more structured, scalable network framework capable of fully leveraging the advantages of quantum computing is essential. Therefore, they focused their attention on convolutional structures—a neural network architecture that has been the most time-tested and scalable in human modeling of visual and textual data.
The first key innovation proposed by WiMi is Quantum Depthwise Separable Convolution.
Traditional depthwise separable convolution consists of two steps:
Depthwise Convolution performed independently on different channels; Pointwise Convolution that linearly combines multiple channels. This structure significantly reduces the number of parameters in classical neural networks, making it the core idea of lightweight CNN design. The WiMi research team cleverly mapped this concept to the quantum circuit architecture, achieving multiple breakthroughs:
First, by encoding input features into quantum states and applying quantum convolution operations in a per-channel manner, the model avoids the exponential increase in parameter consumption that occurs when traditional quantum networks expand in width or depth. Quantum depthwise convolution allows each qubit or qubit cluster to independently process word-level local semantics, thereby preserving the locality advantage of convolution operations.
Second, in the pointwise quantum convolution module, trainable quantum gate combinations are used to achieve interaction and channel fusion between quantum states, successfully compressing multi-dimensional representations into a more expressive semantic space. Quantum gates can achieve higher expressive power than classical linear layers, particularly when operating in high-dimensional Hilbert space, where their modeling capability has a natural advantage.
Ultimately, this quantum depthwise separable convolution significantly reduces the number of controlled rotation gates required by traditional quantum convolution structures, making the model's execution efficiency on simulators and real quantum hardware several times higher than existing quantum convolution models. Quantum depthwise separable convolution not only brings a lightweight structure to quantum NLP models but also solves the scalability problem of quantum networks in text processing, making quantum convolution a core building block for NLP QNNs.
In addition, text classification is a task that relies on both local information and overall semantics. For example, sentiment analysis needs to focus on the polarity of individual words as well as understand the contextual semantics of the entire sentence. To this end, traditional NLP architectures often adopt multi-layer convolution, bidirectional LSTM, or Transformer self-attention structures to simultaneously capture features at different semantic scales.
In quantum NLP research, how to enable quantum models to simultaneously understand local word meanings and global sentence meanings has been a problem that has not yet been fully solved. The multi-scale feature fusion mechanism (Multi-Scale Fusion Mechanism) proposed by WiMi this time effectively fills this gap.
This mechanism consists of two key parts.
The first part is word-level feature extraction, utilizing quantum convolution to extract local n-gram representations, such as sentiment polarity words, adjective structures, negation word combinations, etc. Quantum states can simultaneously encode multiple word combination patterns in a superposition manner, thus having a natural advantage in n-gram modeling.
The second part is sentence-level feature extraction, extracting semantic structures across sentence levels through multi-layer quantum convolution and quantum pooling operations. Quantum pooling achieves dimension compression through measurement and incomplete observation mechanisms while preserving key information in the quantum state, enabling the model to effectively capture the overall theme and paragraph structure of sentences.
Most critically, the proposed feature fusion module can merge word-level and sentence-level features into the same semantic space in a trainable quantum gate manner. The fused quantum state possesses both local sensitivity and the ability to reflect overall semantics, exhibiting richer feature capabilities than traditional QNNs. Through ablation experiments, WiMi found that this multi-scale feature fusion mechanism contributes significantly to the model's final performance improvement, bringing more than 6% accuracy gains on multiple datasets.
On two public text classification benchmarks, the research team conducted complete experimental validation. The results show that this quantum deep convolutional model achieves leading performance on multiple metrics: it improves accuracy while reducing model parameters by more than 30% compared to classical CNNs; it outperforms various existing quantum models, including QRNN, QSAM, and QTF (Quantum Transformer), by 4% to 10% in accuracy; it maintains stable performance even in noisy quantum hardware simulation environments, demonstrating strong noise resistance.
Ablation experiments further validate the practical value of multi-scale feature fusion and quantum depthwise separable convolution, proving that each design element of this architecture makes a key contribution to overall performance.
The launch of this technology by WiMi has profound industrial significance. As quantum computing enters the early practicalization stage, the scale, depth, and adaptability of quantum models will become key competitive points. It is not only a technological innovation but also a profound breakthrough in the field of quantum natural language processing. It validates the feasibility, effectiveness, and scalability of quantum convolutional structures in text processing, bringing a new paradigm to quantum NLP architectures.
About WiMi Hologram Cloud
WiMi Hologram Cloud Inc. (NASDAQ: WiMi) focuses on holographic cloud services, primarily concentrating on professional fields such as in-vehicle AR holographic HUD, 3D holographic pulse LiDAR, head-mounted light field holographic devices, holographic semiconductors, holographic cloud software, holographic car navigation, metaverse holographic AR/VR devices, and metaverse holographic cloud software. It covers multiple aspects of holographic AR technologies, including in-vehicle holographic AR technology, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR virtual advertising technology, holographic AR virtual entertainment technology, holographic ARSDK payment, interactive holographic virtual communication, metaverse holographic AR technology, and metaverse virtual cloud services. WiMi is a comprehensive holographic cloud technology solution provider. For more information, please visit http://ir.wimiar.com.
Translation Disclaimer
The original version of this announcement is the officially authorized and only legally binding version. If there are any inconsistencies or differences in meaning between the Chinese translation and the original version, the original version shall prevail. WiMi Hologram Cloud Inc. and related institutions and individuals make no guarantees regarding the translated version and assume no responsibility for any direct or indirect losses caused by translation inaccuracies.
, /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, released a key foundational technology oriented toward quantum neural networks—the Repeated Amplitude Encoding method (Repeated Amplitude Encoding, RAE). This technology effectively enhances the mapping capability of quantum neural networks to complex feature spaces by performing repeated amplitude encoding of the same set of classical data across multiple qubit blocks, thereby providing an entirely new engineered path for constructing quantum neural network models that possess high expressive power while maintaining controllable resource usage.
From a technical background perspective, existing mainstream quantum neural networks generally rely on parameterized quantum gates to encode input data during the feature mapping stage. These quantum gates are mathematically linear or unitary transformations in essence, and the feature mappings formed by their combinations are often limited by circuit depth, the number of qubits, and the scale of trainable parameters. Although the quantum state itself resides in an exponentially high-dimensional space, in practical models, the limited encoding methods make it difficult to fully unleash this high-dimensional advantage, resulting in issues such as insufficient mapping capability and weak category scalability in complex classification tasks.
To address the above bottlenecks, WiMi, starting from the fundamental mechanism of quantum state representation, re-examined the way classical data enters the quantum system. The traditional amplitude encoding method typically maps a set of normalized classical feature vectors into the probability amplitudes of a single quantum state. Its advantage lies in high qubit usage efficiency, but the disadvantage is that the feature distribution after a single encoding is easily diluted by linear operations during the evolution of the quantum circuit, thereby limiting the ability of subsequent quantum neural networks to model complex nonlinear structures.
To verify the effectiveness of this technology in real tasks, WiMi used the classic image classification benchmark dataset MNIST as the experimental platform and conducted a systematic evaluation of the repeated amplitude encoding method. In the experiments, researchers embedded this method into various typical quantum neural network architectures and compared it with mainstream data loading methods such as traditional amplitude encoding and angle encoding.
The experimental results show that, under the condition of a fixed number of classes, quantum neural networks adopting repeated amplitude encoding outperform the control methods in classification accuracy, convergence stability, and robustness to parameter initialization. This indicates that, even under the same task complexity, repeated amplitude encoding can provide the model with more discriminative feature representations.
About WiMi Hologram Cloud
WiMi Hologram Cloud Inc. (NASDAQ: WiMi) focuses on holographic cloud services, primarily concentrating on professional fields such as in-vehicle AR holographic HUD, 3D holographic pulse LiDAR, head-mounted light field holographic devices, holographic semiconductors, holographic cloud software, holographic car navigation, metaverse holographic AR/VR devices, and metaverse holographic cloud software. It covers multiple aspects of holographic AR technologies, including in-vehicle holographic AR technology, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR virtual advertising technology, holographic AR virtual entertainment technology, holographic ARSDK payment, interactive holographic virtual communication, metaverse holographic AR technology, and metaverse virtual cloud services. WiMi is a comprehensive holographic cloud technology solution provider. For more information, please visit http://ir.wimiar.com.
Translation Disclaimer
The original version of this announcement is the officially authorized and only legally binding version. If there are any inconsistencies or differences in meaning between the Chinese translation and the original version, the original version shall prevail. WiMi Hologram Cloud Inc. and related institutions and individuals make no guarantees regarding the translated version and assume no responsibility for any direct or indirect losses caused by translation inaccuracies.
, /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, is researching quantum computing optimization based on multi-objective deep reinforcement learning. The core of this innovative solution lies in breaking the limitations of traditional single-objective optimization and constructing a global optimization framework that takes into account multi-dimensional constraints.
By using the single-process quantum control optimization results as the truncation threshold and reward function migration strategy for multi-objective optimization, effective reuse of optimization knowledge is achieved. This not only avoids redundant computation during the multi-objective optimization process but also improves the model's convergence speed. At the same time, by designing a multi-objective reward function that comprehensively considers various key indicators in the quantum control process, synergistic optimization of multiple factors such as quantum gate fidelity, operational efficiency, noise suppression, and energy consumption control is realized, ultimately obtaining a globally optimal control solution rather than a locally optimal solution targeting only a single error metric, effectively improving the control precision and robustness of the quantum system. WiMi's multi-objective deep reinforcement learning method, through deep learning and modeling of the dynamic characteristics of qubits, can adapt in real time to the dynamic changes of quantum systems, automatically adjust control strategies, and effectively suppress the impact of environmental noise and crosstalk effects.
The control of quantum systems essentially involves precisely regulating external physical fields to enable qubits to complete a series of processes such as state preparation, quantum gate operations, and state readout according to preset logic. Its core challenge lies in the openness and complexity of quantum systems—qubits are susceptible to environmental noise, crosstalk effects, decoherence, and other factors. Moreover, in multi-process quantum control, there exist multiple mutually constraining optimization objectives. Traditional control methods struggle to achieve global optimality. Traditional quantum control strategies are mostly based on model-driven optimization algorithms that rely on precise mathematical modeling of quantum systems. However, the dynamic characteristics of actual quantum systems are complex and easily affected by external interference, leading to deviations between the model and the actual system, which in turn affects control precision. At the same time, traditional methods mostly optimize for a single control objective, making them prone to falling into local optimal solutions. They cannot balance multi-dimensional requirements such as quantum gate fidelity, operation speed, and energy consumption control, making it difficult to adapt to the control scenarios of large-scale quantum systems.
The rapid iteration of machine learning technology has provided a completely new approach to solving the challenges of quantum control. Its powerful data-driven learning capability and adaptive optimization characteristics can effectively adapt to the complexity and uncertainty of quantum systems. Among them, reinforcement learning, as an important branch of machine learning, breaks through the dependence of traditional optimization algorithms on complete parameter sets. Through real-time interaction between the agent and the environment, it dynamically adjusts control strategies during the trial-and-error process to achieve gradual convergence of optimization objectives. This closed-loop mechanism of interaction-feedback-iteration highly aligns with the real-time control requirements of quantum systems, providing core technical support for the optimization of control strategies in quantum computing.
Quantum computing, as the core development direction of next-generation information technology, cannot achieve its practical application process without continuous breakthroughs in core technologies. In the future, WiMi will continue to focus on the forefront of quantum technology, taking technological innovation as the core driving force, deeply cultivating the interdisciplinary fields of quantum control, quantum algorithms, and artificial intelligence, continuously breaking through technical bottlenecks, promoting the development of quantum computing technology, and assisting various industries in achieving transformation and upgrading with the help of quantum computing.
About WiMi Hologram Cloud
WiMi Hologram Cloud Inc. (NASDAQ: WiMi) focuses on holographic cloud services, primarily concentrating on professional fields such as in-vehicle AR holographic HUD, 3D holographic pulse LiDAR, head-mounted light field holographic devices, holographic semiconductors, holographic cloud software, holographic car navigation, metaverse holographic AR/VR devices, and metaverse holographic cloud software. It covers multiple aspects of holographic AR technologies, including in-vehicle holographic AR technology, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR virtual advertising technology, holographic AR virtual entertainment technology, holographic ARSDK payment, interactive holographic virtual communication, metaverse holographic AR technology, and metaverse virtual cloud services. WiMi is a comprehensive holographic cloud technology solution provider. For more information, please visit http://ir.wimiar.com.
Translation Disclaimer
The original version of this announcement is the officially authorized and only legally binding version. If there are any inconsistencies or differences in meaning between the Chinese translation and the original version, the original version shall prevail. WiMi Hologram Cloud Inc. and related institutions and individuals make no guarantees regarding the translated version and assume no responsibility for any direct or indirect losses caused by translation inaccuracies.
, /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company") is a leading global Hologram Augmented Reality ("AR") Technology provider. A quantum deep convolutional neural network technology oriented toward image recognition tasks has achieved phased progress. This technology provides a new technical path to address the challenges faced by traditional deep learning in terms of computational complexity, memory consumption, and training efficiency by constructing a quantum deep convolutional neural network model and combining it with a quantum-classical hybrid training mechanism. The proposal of this technology marks a further deepening of the application of quantum machine learning in typical artificial intelligence tasks such as image recognition, and also provides a new research direction for the realization of future large-scale quantum intelligent computing systems.
WiMi has proposed a quantum deep convolutional neural network model for image recognition tasks. The model takes quantum parameterized circuits as its core computing structure, performs feature extraction on image data through quantum convolutional layers, and utilizes a quantum classification layer to complete the final recognition task. The overall architecture draws on the hierarchical structure of classical deep convolutional neural networks in terms of design philosophy, while fully leveraging the parallel computing capability of quantum circuits, enabling the model to achieve higher computational efficiency when processing high-dimensional data.
At the technical architecture level, the quantum deep convolutional neural network consists of a data encoding module, a quantum convolutional layer module, a quantum feature fusion module, and a quantum classification module. The system first maps classical image data to the quantum state space through the data encoding module. Since quantum computers process quantum state information, it is necessary to convert pixel information into probability amplitudes of qubits through specific encoding strategies. This process is usually achieved through amplitude encoding, angle encoding, or hybrid encoding methods, enabling image data to be effectively processed by quantum circuits.
After completing data encoding, the quantum convolutional layer begins to perform feature extraction on the quantum states. Similar to the convolution kernels in classical convolutional neural networks, the quantum convolutional layer operates on local qubits through a set of parameterized quantum gates. These quantum gates can form functions similar to convolution filters, performing feature mapping on the input quantum states. Since quantum gate operations can act on multiple superposition states simultaneously, they enable highly parallel feature extraction processes when handling complex image structures.
The core of the quantum convolutional layer lies in the design of parameterized quantum circuits. WiMi's circuit consists of basic quantum logic gates such as rotation gates, control gates, and entanglement gates, controlling the evolution process of quantum states through trainable parameters. Rotation gates are used to adjust the state angles of qubits, control gates are used to construct correlation relationships between qubits, and entanglement gates enable the establishment of complex quantum entanglement structures among multiple qubits. Through these operations, the quantum circuit can form feature extraction capabilities similar to those of classical convolutional layers while possessing higher expressive power.
As the quantum convolutional layers are stacked layer by layer, the network is able to gradually extract higher-level image features. Shallow quantum convolutional layers are primarily responsible for capturing low-level features such as edges and textures in the image, while deeper quantum convolutional layers can identify more complex shapes and structural information. Since quantum states remain in superposition during the computation process, the entire feature extraction process can be performed in parallel within an exponentially large state space, thereby significantly improving computational efficiency.
Following the quantum convolutional layers, the system introduces a quantum feature fusion module. This module integrates feature information from different qubits through additional quantum gate operations. Through quantum entanglement mechanisms, image features from different regions can be effectively fused, thereby forming higher-dimensional feature representations with greater discriminative power. Compared to the feature fusion methods in traditional neural networks that rely on matrix multiplication, quantum feature fusion completes information integration through the quantum state evolution process, which can reduce some computational overhead.
After completing feature extraction and fusion, the network enters the quantum classification stage. The quantum classification layer outputs classification results by measuring the probability distribution of the quantum states. Specifically, the quantum circuit measures several key qubits in the final stage and determines the category of the input image through statistical analysis of the measurement probabilities. This process is similar to the fully connected classification layer in classical neural networks, but its computation occurs in the quantum state space, thus enabling the use of quantum parallelism to improve computational efficiency.
To train this quantum deep convolutional neural network, WiMi proposed a quantum-classical hybrid training scheme. Since current quantum hardware is still in the development stage, relying entirely on quantum devices for large-scale training presents certain difficulties. Therefore, the hybrid training strategy has become an effective solution. In this scheme, the quantum circuit is responsible for executing the forward computation process, while parameter updates are completed by classical computers.
During the training process, the system first encodes the image data into quantum states and completes feature extraction and classification calculations through the quantum circuit. Subsequently, by statistically analyzing the quantum measurement results, the error between the network output and the true label is obtained. Classical optimization algorithms calculate gradient information based on this error and update the trainable parameters in the quantum circuit. These parameters are then reloaded into the quantum circuit for the next round of computation, thereby forming a training process in which quantum and classical computing work collaboratively.
WiMi's hybrid training mechanism draws on the design philosophy of variational quantum algorithms. Variational quantum algorithms combine parameterized quantum circuits with classical optimizers, enabling quantum computing to solve complex problems under limited quantum resources. In this quantum deep convolutional neural network, the idea of variational quantum algorithms is applied to network parameter updates, thereby realizing the feasibility of model training.
From the perspective of computational complexity, the model is theoretically capable of providing significant computational advantages. Traditional deep convolutional neural networks typically exhibit polynomial growth in computational complexity with increasing network scale when processing high-dimensional image data. In contrast, the quantum deep convolutional neural network leverages quantum superposition and parallel computing capabilities to simultaneously process a large number of data states in an exponentially large state space, thereby achieving exponential computational acceleration in certain tasks.
In terms of experimental validation, WiMi conducted quantitative experimental testing of the model on a quantum simulation platform. The experimental results show that the quantum deep convolutional neural network can effectively learn image features in image classification tasks and achieve stable recognition performance. Although the current experimental scale is still limited by the number of qubits, the results have already demonstrated the feasibility of the model in image recognition tasks.
In terms of system implementation, the R&D team has built a complete software and algorithm framework. This framework supports functions such as quantum circuit construction, data encoding, training optimization, and model evaluation, enabling the quantum deep convolutional neural network to run on existing quantum simulation environments and early quantum hardware.
From the perspective of technological development trends, with the continuous advancement of quantum hardware, quantum machine learning models are expected to gradually move toward practical applications. As one of the important directions in quantum machine learning, quantum deep convolutional neural networks have broad application prospects in fields such as image recognition and video analysis. By leveraging the parallel capabilities of quantum computing, such models may demonstrate significant advantages when processing ultra-large-scale data.
WiMi stated that it will continue to optimize the structural design of this quantum deep convolutional neural network in the future, including improving the quantum convolutional layer structure, optimizing quantum data encoding methods, and enhancing the training efficiency of quantum circuits. At the same time, it also plans to explore more complex quantum neural network architectures, such as quantum residual networks, quantum attention mechanisms, and quantum generative models, to further improve the performance of quantum machine learning systems.
In addition, with the integration of quantum computing and high-performance computing platforms, hybrid quantum-classical computing architectures are expected to become an important component of next-generation intelligent computing systems. The research on quantum deep convolutional neural network technology not only provides a new technical route for image recognition but also lays an important foundation for the future development of quantum artificial intelligence.
WiMi's technology demonstrates the potential value of quantum computing in the field of artificial intelligence. By combining the physical properties of quantum computing with the model structures of deep learning, new intelligent systems with higher expressive power and stronger computational efficiency can be constructed. As quantum hardware gradually matures, such technologies are expected to achieve larger-scale applications in the future. Overall, this quantum deep convolutional neural network technology for image recognition provides new ideas for the development of quantum machine learning. In the future, as quantum computing technology continues to advance, such innovative technologies that integrate quantum computing and artificial intelligence are expected to play an even more important role in the field of intelligent computing.
About WiMi Hologram Cloud
WiMi Hologram Cloud Inc. (NASDAQ: WiMi) focuses on holographic cloud services, primarily concentrating on professional fields such as in-vehicle AR holographic HUD, 3D holographic pulse LiDAR, head-mounted light field holographic devices, holographic semiconductors, holographic cloud software, holographic car navigation, metaverse holographic AR/VR devices, and metaverse holographic cloud software. It covers multiple aspects of holographic AR technologies, including in-vehicle holographic AR technology, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR virtual advertising technology, holographic AR virtual entertainment technology, holographic ARSDK payment, interactive holographic virtual communication, metaverse holographic AR technology, and metaverse virtual cloud services. WiMi is a comprehensive holographic cloud technology solution provider. For more information, please visit http://ir.wimiar.com.
Translation Disclaimer
The original version of this announcement is the officially authorized and only legally binding version. If there are any inconsistencies or differences in meaning between the Chinese translation and the original version, the original version shall prevail. WiMi Hologram Cloud Inc. and related institutions and individuals make no guarantees regarding the translated version and assume no responsibility for any direct or indirect losses caused by translation inaccuracies.
, /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, proposes a new high-performance fault-tolerant quantum computing technology based on multi-hypercube codes. This technology constructs a cascaded high-rate small-size quantum error-detection code system, which, while ensuring high fault-tolerant capability, significantly improves the quantum encoding rate and achieves high parallelism in logical gate operations. Compared with traditional quantum error correction frameworks, this new architecture can not only reduce physical resource consumption but also enhance logical computation throughput, providing a new technical path for building truly scalable large-scale quantum computers in the future.
The entire multi-hypercube code system is not simply a stacking of multiple quantum codes, but establishes logical associations through a special geometric mapping mechanism. WiMi utilizes the topological connection relationships between hypercube dimensions, enabling efficient information interaction between different logical quantum regions while maintaining low coupling complexity. The greatest advantage of this structure is that its logical gate operations can be executed in parallel simultaneously across multiple hypercube modules, without generating severe error correction conflicts as in traditional schemes.
From a structural perspective, the multi-hypercube code forms an organization similar to a quantum computing array. Each hypercube module can independently complete local error detection and can also participate in higher-level logical operations. Through this hierarchical structure, the system can decompose complex fault-tolerant tasks into a large number of localized small-scale tasks, thereby significantly reducing the overall error correction complexity.
WiMi stated that although traditional high-rate quantum codes can theoretically improve encoding efficiency, they often face the problem that logical gate operations are difficult to parallelize. Because in many high-density quantum codes, a single logical gate operation may affect a large number of qubit regions, resulting in strong coupling and conflicts between operations. The multi-hypercube code, however, restricts logical operations to specific hypercube regions through a geometric partitioning mechanism, allowing multiple logical gates to be executed simultaneously.
This parallelization capability is crucial for future quantum computing. As the scale of quantum algorithms continues to expand, quantum computers must execute massive numbers of logical gate operations simultaneously. If logical gates cannot be parallelized, the overall computing speed will be severely limited. Especially in scenarios such as quantum machine learning, quantum chemistry simulation, and quantum optimization, large-scale parallel quantum operations are an important foundation for achieving practicality.
To further improve system performance, WiMi has also developed dedicated quantum decoders and quantum encoders. Traditional quantum decoding usually needs to handle extremely complex error correlation relationships, but because the multi-hypercube code has a clear geometric structure, it can utilize topological path analysis methods to quickly locate error regions. The system can complete error inference and recovery operations in an extremely short time by analyzing error propagation patterns between hypercubes.
When designing the decoder, WiMi introduced a hierarchical local decoding mechanism. The system first performs error detection and preliminary repair within local hypercubes, and then handles cross-module error propagation through higher-level structures. This method avoids the exponential complexity growth problem brought by traditional global decoding.
In terms of encoder design, WiMi focused on optimizing the loading efficiency of logical quantum states. Since the multi-hypercube code has a natural modular structure, logical quantum states can be written into the system layer by layer in a pipelined manner, without the need to complete complex global initialization at once. This not only reduces the depth of the initialization circuit but also decreases the risk of error propagation during the initialization phase.
This technology can still achieve a relatively high error threshold under circuit-level noise models. The so-called error threshold refers to the ability of a quantum system to maintain stable computation through error correction under a certain physical error rate. The higher the error threshold, the stronger the system's tolerance to hardware noise, and the lower the difficulty of actual hardware implementation.
Through simulations, WiMi found that under circuit-level random noise environments, the multi-hypercube code can maintain a stable trend of decreasing logical error rates. This means that as the encoding levels increase, the system can continuously improve logical reliability without performance collapse due to increased complexity. Moreover, due to its adoption of a local modular structure, the multi-hypercube code offers higher flexibility in physical implementation. This structure can adapt to two-dimensional, three-dimensional, or even higher-dimensional quantum chip layouts, and can dynamically adjust the hypercube mapping method according to hardware connectivity constraints. This means that in the future, this technology is expected to become a universal fault-tolerant quantum computing architecture.
In superconducting quantum chips, the multi-hypercube code can utilize nearest-neighbor coupling to achieve local stabilizer measurements, reducing the demand for long-distance quantum communication. In ion-trap platforms, the ion chain reconfiguration capability can be used to dynamically establish hypercube connection structures. In photonic quantum platforms, the hypercube structure can also be combined with photonic cluster state computing modes to achieve high-speed parallel logical operations. In addition to hardware adaptation advantages, the multi-hypercube code may also have a significant impact on future quantum operating systems. Traditional quantum computing architectures often treat quantum error correction as an underlying function, whereas the multi-hypercube code, due to its natural hierarchical structure, is more suitable for deep integration with quantum task scheduling systems.
WiMi proposed that future quantum operating systems can dynamically allocate hypercube resource regions according to algorithm load conditions, mapping different logical tasks to different modules for execution. This can not only improve quantum resource utilization but also reduce interference between logical tasks. In large-scale quantum cloud computing scenarios, the multi-hypercube code may even form a quantum virtualization mechanism. Different user tasks can run in different hypercube logical regions, while the system ensures overall stability through dynamic error correction and resource isolation mechanisms. This means that future quantum computing centers may operate like today's data centers, enabling large-scale multi-task concurrent execution.
Currently, the technology has completed theoretical modeling, structural verification, and noise simulation analysis. In the next stage, WiMi plans to further optimize the hypercube cascading structure and conduct experimental verification in real quantum hardware environments. At the same time, it will also study the fusion mechanisms between the multi-hypercube code and quantum low-density parity-check codes, surface codes, and topological quantum codes.
As quantum computing gradually moves toward the era of practical application, fault-tolerant capability will become a core indicator for measuring the competitiveness of quantum computing platforms. The new high-rate fault-tolerant system represented by the multi-hypercube code is opening up new development space for future high-performance quantum computers. If this technology can maintain its theoretical performance in real hardware environments in the future, it is expected to become an important component of next-generation quantum computing infrastructure and drive quantum computing from the laboratory research stage to truly enter the industrial application stage.
About WiMi Hologram Cloud
WiMi Hologram Cloud Inc. (NASDAQ: WiMi) focuses on holographic cloud services, primarily concentrating on professional fields such as in-vehicle AR holographic HUD, 3D holographic pulse LiDAR, head-mounted light field holographic devices, holographic semiconductors, holographic cloud software, holographic car navigation, metaverse holographic AR/VR devices, and metaverse holographic cloud software. It covers multiple aspects of holographic AR technologies, including in-vehicle holographic AR technology, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR virtual advertising technology, holographic AR virtual entertainment technology, holographic ARSDK payment, interactive holographic virtual communication, metaverse holographic AR technology, and metaverse virtual cloud services. WiMi is a comprehensive holographic cloud technology solution provider. For more information, please visit http://ir.wimiar.com.
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The original version of this announcement is the officially authorized and only legally binding version. If there are any inconsistencies or differences in meaning between the Chinese translation and the original version, the original version shall prevail. WiMi Hologram Cloud Inc. and related institutions and individuals make no guarantees regarding the translated version and assume no responsibility for any direct or indirect losses caused by translation inaccuracies.
, /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, is exploring multi-dimensional pooling optimization technology under the variational quantum algorithm framework, proposing an innovative solution that integrates the Quantum Haar Transform (QHT) with quantum partial measurement, and constructing a quantum pooling mechanism that possesses both local feature preservation capability and dimension compression efficiency.
From a technical principle perspective, the Haar transform, as a core technology in the field of classical signal processing, is widely used in data compression and feature extraction. As its quantized extension, QHT maps high-dimensional classical data to the quantum state space through parameterized quantum gate groups, achieving a breakthrough improvement in computational efficiency over the classical Haar transform. In this mapping process, each qubit corresponds to one feature dimension of the data, and the superposition coefficients of the quantum state encode the feature intensity information. At the same time, correlations between feature dimensions are constructed through quantum entanglement, which not only fully preserves the global structural information of the data but also reinforces the correlations of local features through the local action domain constraints of quantum gates, effectively solving the problem of exponentially increasing computational complexity that the classical Haar transform faces in high-dimensional data processing. After QHT completes the data mapping, quantum partial measurement technology undertakes the core function of multi-dimensional data pooling. Its core logic differs from the crude dimensionality reduction mode of traditional pooling that directly discards redundant data, instead utilizing the probabilistic characteristics of quantum states combined with preset pooling strategies to selectively extract key feature information from quantum states in probabilistic form.
As the core driver of the entire optimization scheme, VQA constructs a hybrid optimization framework by integrating quantum computing and classical optimization technologies. Its core architecture consists of a parameterized quantum circuit (PQC) and a classical optimizer. By iteratively adjusting the parameters of the quantum circuit to minimize a preset loss function, it ensures that the pooling operation can accurately capture the key features of high-dimensional data while balancing computational efficiency and precision. In multi-dimensional pooling optimization scenarios, the core value of VQA is reflected in three aspects: first, realizing direct pooling of multi-dimensional data without the need to reduce high-dimensional data to one-dimensional space, fundamentally solving the problem of local feature loss caused by traditional pooling and fully preserving the spatial structure and local correlations of the data; second, leveraging the characteristics of quantum superposition and entanglement to obtain richer feature representations of multi-dimensional data in the quantum state space, enabling the extraction of fine and complex features that classical pooling methods cannot capture; third, relying on quantum parallelism to significantly reduce the computational complexity of high-dimensional data pooling, achieving polynomial-level computational acceleration and substantially improving model training and inference efficiency. In addition, the VQA framework possesses good scalability. By adjusting the parameters and gate structures of the quantum circuit, it can flexibly adapt to the processing needs of unstructured data of different dimensions and types, such as one-dimensional audio, two-dimensional images, three-dimensional point clouds, and hyperspectral data, demonstrating broad application prospects.
The VQA-driven multi-dimensional pooling optimization technology researched by WiMi will break through the locality preservation limitations of traditional pooling methods in high-dimensional data processing, fully unleash the inherent advantages of quantum computing in feature representation and computational efficiency, and provide key technical support for the practical application of QML in complex multi-dimensional data tasks.
In the future, with the iterative upgrading of quantum hardware and the continuous optimization of algorithms, the multi-dimensional pooling optimization technology under the VQA framework is expected to achieve practical application in more fields.
About WiMi Hologram Cloud
WiMi Hologram Cloud Inc. (NASDAQ: WiMi) focuses on holographic cloud services, primarily concentrating on professional fields such as in-vehicle AR holographic HUD, 3D holographic pulse LiDAR, head-mounted light field holographic devices, holographic semiconductors, holographic cloud software, holographic car navigation, metaverse holographic AR/VR devices, and metaverse holographic cloud software. It covers multiple aspects of holographic AR technologies, including in-vehicle holographic AR technology, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR virtual advertising technology, holographic AR virtual entertainment technology, holographic ARSDK payment, interactive holographic virtual communication, metaverse holographic AR technology, and metaverse virtual cloud services. WiMi is a comprehensive holographic cloud technology solution provider. For more information, please visit http://ir.wimiar.com.
Translation Disclaimer
The original version of this announcement is the officially authorized and only legally binding version. If there are any inconsistencies or differences in meaning between the Chinese translation and the original version, the original version shall prevail. WiMi Hologram Cloud Inc. and related institutions and individuals make no guarantees regarding the translated version and assume no responsibility for any direct or indirect losses caused by translation inaccuracies.
April 01, 2026 08:00 ET | Source: ContextLogic Holdings Inc
OAKLAND, Calif., April 01, 2026 (GLOBE NEWSWIRE) -- ContextLogic Holdings Inc. (OTCQB: LOGC) (“ContextLogic,” the “Company,” “we” or “our”), a business ownership platform focused on acquiring and building a portfolio of high-quality, long-duration businesses, today announced that its Board of Directors (“the Board”) has appointed Paul S. Levy as an independent director.
Mr. Levy was named a member of the Audit Committee. Similar to the directors affiliated with Abrams Capital and BC Partners, Mr. Levy will be waiving any compensation for his role as a director.
Mr. Levy founded JLL Partners, a leading middle-market private equity firm, in 1988, where he has overseen investments across a wide range of industries and market cycles as a Managing Director.
“I am pleased to welcome Paul to our Board,” said Raja Bobbili, Chairman of the ContextLogic Board. “Paul brings forty years of experience partnering with management teams to build enduring businesses, exactly as we hope to do here at ContextLogic. Importantly, Paul is also a significant shareholder, reinforcing the ownership-driven culture we are building at ContextLogic.”
Mr. Levy currently serves on the board of Loar Holdings Inc., an acquisition-driven aerospace platform. He has also served on numerous public and private company boards, including as Chairman of Builders FirstSource, Inc., bringing deep experience in scaling companies and overseeing complex acquisitions.
Earlier in his career, Mr. Levy was a Managing Director at Drexel Burnham Lambert, where he led the firm’s restructuring and exchange offer business, and he has held senior executive roles including as Chief Executive Officer of Yves Saint Laurent, Inc.
“I am excited to join ContextLogic at this pivotal moment,” said Mr. Levy. “Over the course of my career, I’ve encountered very few models like this, particularly in the public markets. The Company’s focus on long-term ownership, operational autonomy, and alignment between operators and owners is both uncommon and powerful, and I look forward to helping realize its long-term potential.”
Mr. Levy holds a B.A. from Lehigh University and a J.D. from the University of Pennsylvania Law School.
About ContextLogic Holdings Inc.
ContextLogic is a publicly-traded business ownership platform established to own a collection of niche, competitively advantaged, long-duration businesses. Each business operates with meaningful autonomy under world-class management teams whose incentives are tightly aligned with those of the Company’s shareholders, supported by a governance structure that creates direct accountability between operators and owners. For more information about ContextLogic, please visit www.contextlogic.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, statements regarding Paul Levy’s impact at ContextLogic. In some cases, forward-looking statements can be identified by terms such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “foresees,” “forecasts,” “guidance,” “intends” “goals,” “may,” “might,” “outlook,” “plans,” “potential,” “predicts,” “projects,” “seeks,” “should,” “targets,” “will,” “would” or similar expressions and the negatives of those terms. These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Important factors, risks and uncertainties that could cause actual results to differ materially from those forward-looking statements include but are not limited to: future financial performance; future liquidity and operating expenditures; financial condition and results of operations; enforceability of transfer restrictions and occurrence of an ownership change with the result that ContextLogic’s ability to use its net operating losses could be severely limited; future legislation resulting in ContextLogic being unable to realize the benefits of the tax attributes; ContextLogic’s ability to make use of the existing benefits of the tax attributes because ContextLogic may not generate taxable income; risks related to any future acquisition of a business or assets; currently pending or future litigation; risks if we are deemed to be an investment company under the Investment Company Act of 1940; the effect of new accounting pronouncements; competitive changes in the marketplace and other characterizations of future events or circumstances; and the other important factors discussed in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Further information on these and additional risks that could affect ContextLogic’s results is included in its filings with the Securities and Exchange Commission (“SEC”), including the Annual Report on Form 10-K for the year ended December 31, 2025 and other reports that ContextLogic files with the SEC from time to time, which could cause actual results to vary from expectations. Any forward-looking statement made by ContextLogic in this news release speaks only as of the day on which ContextLogic makes it. ContextLogic assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.
OAKLAND, Calif., May 15, 2026 (GLOBE NEWSWIRE) -- ContextLogic Holdings Inc. (OTCQB: LOGC) (“ContextLogic,” the “Company,” “we” or “our”) today reported its financial results for the first quarter ended March 31, 2026.
Basis of Presentation
ContextLogic completed the acquisition of US Salt on February 26, 2026. To reflect the basis difference as a result of the US Salt acquisition, GAAP results for the first quarter of 2026 are presented in two parts: the period from January 1, 2026 through February 26, 2026 (“Predecessor”), reflecting legacy US Salt, and the period from February 27, 2026 through March 31, 2026 (“Successor”), reflecting ContextLogic Holdings Inc. and US Salt on a consolidated basis. To provide comparable period-over-period information, the Company also presents “Combined” results, a non-GAAP measure that aggregates the Predecessor and Successor periods. See footnote 1 to the table below for additional detail.
Note that “CLHI Corporate” refers to public company and parent-level items of ContextLogic Holdings Inc., distinct and separate from the operating results of US Salt.
First Quarter 2026 Results
Revenue: Combined non-GAAP revenue for the first quarter of 2026 was $32.4 million, essentially flat compared to $32.3 million in the first quarter of 2025. Shipped volumes of 102.4 thousand tons declined 7% from 110.2 thousand tons in the prior-year quarter, reflecting trucking disruptions related to winter storms and temporary operational interruptions at our Watkins Glen facility. The volume decline was offset by 8% growth in average selling price (ASP), driven by price increases and product mix shift.
Net Income: Combined non-GAAP net income for the first quarter of 2026 was $17.0 million, an increase of $14.1 million compared to $2.9 million in the first quarter of 2025. The increase was driven by a $41.9 million discrete tax benefit related to the US Salt acquisition, partially offset by CLHI Corporate costs, including transaction expenses and general and administrative expenses incurred at the parent level.
Adjusted EBITDA: Combined non-GAAP adjusted EBITDA for the first quarter of 2026 was $11.6 million, a decrease of $0.9 million compared to $12.5 million in the prior-year quarter. The decline reflects approximately $1 million of CLHI Corporate costs that were not present in the comparable period.
Free Cash Flow: Cash flow from operations, net of capital expenditures, was ($20.6) million for the Combined first quarter of 2026 as compared to $1.3 million in the prior-year quarter. The decline reflects significant transaction expenses related to the US Salt acquisition.
Outstanding Equity: During the period from February 27, 2026 through March 31, 2026 (Successor), there were 101,603,689 weighted average units outstanding at ContextLogic Holdings, LLC, the Company's consolidated subsidiary that holds the operating businesses. Of these, 45,675,557 units were held by ContextLogic Holdings Inc. (equivalent to the weighted average common shares outstanding of the public company), and the remaining 55,928,132 units were held by other holders of LLC units.
“During the first quarter of 2026, we experienced temporary operational disruptions at our Watkins Glen facility, which have since been resolved and are consistent with the normal variability of plant operations,” said David Sugarman, CEO of US Salt.
“The first quarter of 2026 marks an important milestone for ContextLogic Holdings as we report our first results following the acquisition of US Salt. US Salt exemplifies the type of business we are building this platform around — a niche, vertically integrated operation with a 130-year history, durable competitive advantages, and a management team whose interests are aligned with shareholders,” said Mark Ward, President of ContextLogic. “We remain focused in our pursuit of additional opportunities that meet our criteria for quality, longevity, and alignment, and we measure our success in long-term free cash flow per share growth.”
Successor Predecessor Non-GAAP Predecessor Period from
February 27, 2026
to March 31, 2026 Period from
January 1, 2026 to
February 26, 2026 Combined Three
Months Ended
March 31, 20261 Three Months
Ended March 31,
2025 (in millions) (in millions) (in millions) (in millions) Net Sales $12.1 $20.3 $32.4 $32.3 Gross Profit 3.8 7.1 10.9 11.9 Selling Expense 0.4 0.7 1.1 1.0 General and Administrative 7.5 1.6 9.1 2.6 Transaction Expenses 20.7 0.1 20.8 — Net Income 15.3 1.7 17.0 2.9 EBITDA2 (21.5) 7.4 (14.1) 12.0 Adjusted EBITDA2 3.9 7.7 11.6 12.5 Supplemental Disclosure Items: CLHI Corporate G&A $4.6 — $4.6 — CLHI Corporate Transaction Expenses3 20.5 — 20.5 — CLHI Depreciation and Amortization — — — — CLHI Corporate Tax Benefit 41.9 — 41.9 — CLHI Adjusting Expense Items for Adjusted EBITDA4 24.1 — 24.1 — Equity Ownership Information: (shares in thousands) ContextLogic Weighted Average Common Shares Outstanding 45,676 ContextLogic Holdings, LLC Weighted Average Units Outstanding 101,604
1. CLHI completed the acquisition of US Salt on February 26, 2026; as such, results from February 27, 2026 through March 31, 2026 (Successor) include the Company and US Salt, consolidated, including the impacts of acquisition accounting on the asset and liability balances of US Salt. The period from January 1, 2026 through February 26, 2026 (Predecessor) and the three months ended March 31, 2025 (Predecessor) reflect legacy US Salt as the predecessor entity. To provide comparable information, the Company has presented Combined results, a non-GAAP measure that adds the period from January 1, 2026 through February 26, 2026 (Predecessor) and the period from February 27 through March 31, 2026 (Successor).
2. EBITDA and Adjusted EBITDA are non-GAAP financial measures. For definitions of EBITDA and Adjusted EBITDA and a reconciliation to the most directly comparable financial measures calculated in accordance with GAAP, see the schedule titled “Reconciliation of Net Income to EBITDA and Adjusted EBITDA.”
3. CLHI Corporate Transaction expenses consist of expenses related to the US Salt acquisition.
4. CLHI expense included as adjustments from EBITDA to Adjusted EBITDA include Transaction Expenses of $20.5 million, estimated contingent loss related to a legal matter of $3.5 million and stock-based compensation of $0.1 million.
Question & Answer
The Company invites stockholders and interested parties to submit questions regarding its first quarter 2026 financial results and operating performance. Questions may be submitted via email to [email protected]. The Company plans to prepare and share responses on our website at www.contextlogic.com by Friday, May 22, 2026.
About ContextLogic Holdings Inc.
ContextLogic Holdings Inc. is a publicly traded business ownership platform established to own a collection of niche, competitively advantaged, long-duration businesses. Each business operates with meaningful autonomy under world-class management teams whose incentives are tightly aligned with those of its shareholders, supported by a governance structure that creates direct accountability between operators and owners. For more information about ContextLogic, please visit www.contextlogic.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, developing our pipeline of potential future acquisitions. In some cases, forward-looking statements can be identified by terms such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “foresees,” “forecasts,” “guidance,” “intends” “goals,” “may,” “might,” “outlook,” “plans,” “potential,” “predicts,” “projects,” “seeks,” “should,” “targets,” “will,” “would” or similar expressions and the negatives of those terms. These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Important factors, risks and uncertainties that could cause actual results to differ materially from those forward-looking statements include but are not limited to: statements regarding the US Salt acquisition, the strategic alternatives considered by the Company’s board of directors, including the decisions taken thereto; future financial performance; future liquidity and operating expenditures; financial condition and results of operations; enforceability of transfer restrictions and occurrence of an ownership change with the result that ContextLogic’s ability to use its net operating losses could be severely limited; future legislation resulting in ContextLogic being unable to realize the benefits of the tax attributes; ContextLogic’s ability to make use of the existing benefits of the tax attributes because ContextLogic may not generate taxable income; the IRS’s possible challenge of the amount of the tax attributes or claim that ContextLogic experienced an ownership change, which could reduce the amount of tax attributes that ContextLogic could use; risks related to any future acquisition of a business or assets; currently pending or future litigation; risks if we are deemed to be an investment company under the Investment Company Act of 1940; the effect of new accounting pronouncements; competitive changes in the marketplace and other characterizations of future events or circumstances; and the other important factors discussed in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Further information on these and additional risks that could affect ContextLogic’s results is included in its filings with the Securities and Exchange Commission (the “SEC”), including the Annual Report on Form 10-K for the year ended December 31, 2025, the Quarterly Report on Form 10-Q for the period ended March 31, 2026 and other reports that ContextLogic files with the SEC from time to time, which could cause actual results to vary from expectations. Any forward-looking statement made by ContextLogic in this news release speaks only as of the day on which ContextLogic makes it. ContextLogic assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.
ContextLogic Holdings Inc.
Condensed Consolidated Balance Sheet Data
($ in millions, units and shares in thousands, except par value)
(unaudited) Successor Predecessor As of March 31, As of December 31, 2026 2025 (in millions) (in millions) Assets Current assets 40.3 34.8 Property, plant and equipment, net 396.5 321.4 Goodwill 148.0 28.1 Intangibles, net 385.6 16.8 Other 6.6 6.7 Total assets $977.0 $407.8 Liabilities, Redeemable Non-controlling Interest, and Stockholders’ Equity Current liabilities 24.1 17.9 Long-term debt, net of current maturities 209.8 203.1 Other 1.5 1.6 Total liabilities 235.4 222.6 Total members equity and stockholders' equity 741.6 185.2 Total liabilities, members' equity, and stockholders’ equity $977.0 $407.8 ContextLogic Holdings Inc.
Condensed Consolidated Statements of Operations
($ in millions, units and shares in thousands, except per unit and share data)
(unaudited)
Successor Predecessor Period from
February 27, 2026 to
March 31, 2026 Period from
January 1, 2026 to
February 26, 2026 Three Months
Ended March
31, 2025 (in millions) (in millions) (in millions) Net sales $12.1 $20.3 $32.3 Cost of sales 8.3 13.2 20.4 Gross profit 3.8 7.1 11.9 Operating expenses: Selling expense 0.4 0.7 1.0 General and administrative 7.5 1.6 2.6 Transaction expenses 20.7 0.1 — Total operating expenses 28.6 2.4 3.6 (Loss) income from operations (24.8) 4.7 8.3 Other income (expenses) Interest and other expense, net (1.8) (3.0) (5.4)(Loss) income before benefit from income taxes (26.6) 1.7 2.9 Benefit from income taxes 41.9 — — Net income $15.3 $1.7 $2.9 Net (loss) attributable to noncontrolling interest — — — Net income attributable to common stockholders (Successor) 15.3 Net income per share attributable to common stockholders, basic $0.33 Net income per share attributable to common stockholders, diluted $0.33 Weighted-average shares used in computing net loss per share attributable to common stockholders, basic 45,676 Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted 45,749 ContextLogic Holdings Inc.
Condensed Consolidated Statements of Cash Flows Data
(in millions)
(unaudited)
Successor Predecessor Period from
February 27, 2026
to March 31, 2026 Period from
January 1, 2026 to
February 26, 2026 Three Months
Ended March
31, 2025 (in millions) (in millions) (in millions) Cash flows from operating activities: Net income$15.3 $1.7 $2.9 Adjustments to reconcile net income to net cash from operating activities: Depreciation, depletion, and amortization 3.3 2.7 3.7 Deferred income tax (41.9) — — Amortization of debt issuance cost — 0.1 0.2 Unit/Stock-based compensation 0.5 0.1 0.1 Non-cash lease expense 0.1 0.1 0.2 Other 0.2 Changes in operating assets and liabilities: 2.1 (2.9) (3.2)Net cash (used in) provided by operating activities (20.4) 1.8 3.9 Cash flows from investing activities: Purchases of property, plant and equipment (0.7) (1.3) (2.6)Acquisition of US Salt, net of cash acquired (585.2) — — Net cash (used in) investing activities (585.9) (1.3) (2.6)Cash flows from financing activities: Proceeds from issuance of common stock from the backstopped rights offering 25.7 — — Proceeds from issuance of subsidiary membership units from the backstopped rights offering 89.3 — — Proceeds from issuance of subsidiary membership units, prior to conversion 75.0 — — Proceeds from issuance of long-term debt 215.0 — — Net cash provided by (used in) financing activities 401.0 — (2.2)Net (decrease) increase in cash and cash equivalents (205.3) 0.5 (0.9)Cash and cash equivalents at beginning of period 217.3 10.8 7.4 Cash and cash equivalents at end of period$12.0 $11.3 $6.5
Non-GAAP Supplemental Information
We present in this press release certain financial information based on our EBITDA, Adjusted EBITDA and Free Cash Flow. References to “EBITDA” mean earnings before interest, taxes, depreciation and amortization, references to “Adjusted EBITDA” mean EBITDA plus, as applicable for each relevant period, certain adjustments as set forth in the reconciliations of net income to EBITDA and Adjusted EBITDA, and references to “Free Cash Flow” refer to net cash used in or provided by operating activities, net of purchases of property, plant and equipment. EBITDA, Adjusted EBITDA and Free Cash Flow are not measurements of financial performance under U.S. GAAP. We present EBITDA, Adjusted EBITDA and Free Cash Flow because we believe they are useful indicators for evaluating operating performance. In addition, our management uses Adjusted EBITDA to review and assess the performance of the management team in connection with employee incentive programs and to prepare its annual budget and financial projections. Moreover, our management uses Adjusted EBITDA of target companies to evaluate acquisitions.
Although we use EBITDA, Adjusted EBITDA, and Free Cash Flow as measures to assess the performance of our business and for the other purposes set forth above, the use of non-GAAP financial measures as analytical tools has limitations, and you should not consider any of them in isolation, or as a substitute for analysis of our results of operations as reported in accordance with U.S. GAAP. Some of these limitations are:
EBITDA, Adjusted EBITDA and Free Cash Flow do not reflect the significant interest expense, or the cash requirements necessary to service interest payments on our indebtedness. Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and the cash requirements for such replacements are not reflected in EBITDA, Adjusted EBITDA and Free Cash Flow. Adjusted EBITDA excludes the cash expense we have incurred to integrate acquired businesses into our operations, which is a necessary element of certain of our acquisitions. The omission of the substantial amortization expense associated with our intangible assets further limits the usefulness of EBITDA and Adjusted EBITDA. EBITDA and Adjusted EBITDA do not include the payment of taxes, which is a necessary element of our operations. Because of these limitations, EBITDA, Adjusted EBITDA and Free Cash Flow should not be considered as measures of cash available to us to invest in the growth of our business. Management compensates for these limitations by not viewing EBITDA, Adjusted EBITDA and Free Cash Flow in isolation and specifically by using other U.S. GAAP measures, such as net sales and operating profit, to measure our operating performance. EBITDA, Adjusted EBITDA and Free Cash Flow are not measurements of financial performance under U.S. GAAP, and they should not be considered as alternatives to net income or cash flow from operations determined in accordance with U.S. GAAP. Our calculations of EBITDA, Adjusted EBITDA and Free Cash Flow may not be comparable to the calculations of similarly titled measures reported by other companies.
ContextLogic Holdings Inc.
Reconciliation of Net Income to EBITDA and Adjusted EBITDA
(in millions)
(unaudited)
Successor Predecessor Non-GAAP Predecessor Period from
February 27, 2026
to March 31, 2026 Period from
January 1, 2026 to
February 26, 2026 Combined Three
Months Ended
March 31, 2026 Three Months
Ended March 31,
2025 (in millions) (in millions) (in millions) (in millions) Net income $15.3 $1.7 $17.0 $2.9 Adjustments Interest expense 1.8 3.0 4.8 5.4 Income tax (benefit) provision (41.9) — (41.9) — Operating income (24.8) 4.7 (20.1) 8.3 Depreciation and depletion 0.9 2.4 3.3 3.3 Amortization 2.4 0.3 2.7 0.4 EBITDA (21.5) 7.4 (14.1) 12.0 Adjustments: Recognition of inventory step-ups1 1.1 — 1.1 — Transaction and integration costs2 20.7 0.1 20.8 — Stock-based and unit-based compensation3 0.1 0.1 0.2 0.1 Restructuring and severance4 — — — 0.3 Contingent loss accrual5 3.5 — 3.5 — Other6 — 0.1 0.1 0.1 Adjusted EBITDA $3.9 $7.7 $11.6 $12.5 1.Increase in inventory to fair value as a result of the US Salt Acquisition.2.Expenses incurred by US Salt and ContextLogic related to the US Salt Acquisition.3.Stock-based and unit-based compensation incurred (excludes $0.4 of stock-based compensation included within transaction and integration costs).4.Severance, transition, and retention costs associated with executive leadership changes.5.Estimated contingent loss related to a legal matter.6.Costs associated with the decommissioning and removal of certain manufacturing equipment and expenses unique to US Salt’s prior parent. ContextLogic Holdings Inc.
Reconciliation of Net Cash (Used In) Provided by Operating Activities to Free Cash Flow
(in millions)
(unaudited)
Successor Predecessor Non-GAAP Predecessor Period from
February 27,
2026 to March
31, 2026 Period from
January 1, 2026 to
February 26, 2026 Combined Three
Months Ended
March 31, 2026 Three Months
Ended March
31, 2025 (in millions) (in millions) (in millions) (in millions) Net cash (used in) provided by operating activities $(20.4) $1.8 $(18.6) $3.9 Purchases of property, plant and equipment $(0.7) $(1.3) $(2.0) $(2.6)Free Cash Flow $(21.1) $0.5 $(20.6) $1.3
Contacts
May 22, 2026 16:05 ET | Source: ContextLogic Holdings Inc
OAKLAND, Calif., May 22, 2026 (GLOBE NEWSWIRE) -- ContextLogic Holdings Inc. (OTCQB: LOGC) (“ContextLogic,” the “Company,” “we” or “our”) today published a Q&A document to its website following the release of its first quarter 2026 financial results.
In connection with its first quarter 2026 earnings release, the Company invited shareholders and other interested parties to submit written questions to its investor relations inbox. The Company received a thoughtful range of questions and has endeavored to respond to as many as possible. In a small number of cases, the Company has elected not to respond to certain questions, including those that are competitively sensitive, premature to address, or otherwise inappropriate for public disclosure. Where multiple shareholders raised similar questions, those questions have been consolidated into a single response for clarity and concision.
The Q&A document is available on the Company's website at www.contextlogic.com.
About ContextLogic Holdings Inc.
ContextLogic Holdings Inc. is a publicly traded business ownership platform established to own a collection of niche, competitively advantaged, long-duration businesses. Each business operates with meaningful autonomy under world-class management teams whose incentives are tightly aligned with those of its shareholders, supported by a governance structure that creates direct accountability between operators and owners. For more information about ContextLogic, please visit www.contextlogic.com.
Forward-Looking Statements
This news release and subsequent Q&A document contains forward-looking statements, which generally relate to future events or future financial or operating performance and include all statements other than statements of historical fact such as the financial outlook of ContextLogic Holdings Inc. (the "Company," "ContextLogic," "we," "our" or "us"), information concerning the acquisition of US Salt Parent Holdings, LLC and subsidiaries (such entities taken together, comprising the salt production, manufacturing and distribution business of US Salt and its subsidiaries, "US Salt", and such acquisition, the "US Salt Acquisition"), information concerning the integration of US Salt into the Company’s operations, potential growth strategies, future acquisitions and opportunities, our remediation efforts for a material weakness identified as part of the US Salt Acquisition, potential resolutions to ongoing litigation and planned capital expenditures. These statements are based on our current expectations about future events or future financial performance. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, and in some cases, forward-looking statements can be identified by terms such as "anticipates," "believes," "could," "estimates," "expects," "foresees," "forecasts," "guidance," "intends" "goals," "may," "might," "outlook," "plans, " "potential," "predicts," "projects," "seeks," "should," "targets," "will," "would" or similar expressions and the negatives of those terms. These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. A more complete description of these risks and uncertainties can be found in our filings with the U.S. Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. We do not undertake to update our forward-looking statements as a result of new information or future events.
In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject, including, but not limited to, statements regarding the acquisition of US Salt, the strategic alternatives considered by the Company’s Board of Directors (the "Board"), including the decisions taken thereto; future financial performance; future liquidity and operating expenditures; financial condition and results of operations; competitive changes in the marketplace and other characterizations of future events or circumstances. These statements are based on information available to us as of the date of this Q&A. While we believe such information provides a reasonable basis for these statements, such 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.
Revenue grew 224% year-over-year in Q2 Fiscal 2026 to $382,755, and 428% year-over-year on a six-month basis to $762,775, with gross margin expanding to 70.4%
First reporting period as a standalone publicly listed entity; common shares listed on the TSX Venture Exchange under "SCAI" and the Frankfurt Stock Exchange under "MJ5"
Cash position of $6.5 million at quarter-end following completion of oversubscribed $5.45 million concurrent financing; no long-term debt
VANCOUVER, BC, May 29, 2026 (GLOBE NEWSWIRE) -- SalesCloser Technologies Ltd. ("SalesCloser" or the "Company") (TSXV: SCAI) (FSE: MJ5), a pioneer in autonomous AI sales technology, today announced that it has filed its condensed interim consolidated financial statements (the "Interim Financial Statements") and management’s discussion and analysis (the "MD&A") for the three and six months ended March 31, 2026 ("Q2 Fiscal 2026" and "H1 Fiscal 2026", respectively). Copies of the Interim Financial Statements and MD&A are available on the Company’s profile on SEDAR+ at www.sedarplus.ca. All amounts are reported under International Financial Reporting Standards ("IFRS Accounting Standards") and stated in Canadian dollars unless otherwise indicated.
Ali Tajskandar, Chief Executive Officer of SalesCloser, commented: "Q2 Fiscal 2026 was a transformational quarter for SalesCloser. We completed our Qualifying Transaction and began trading as a standalone public company on the TSX Venture Exchange and the Frankfurt Stock Exchange. More importantly, the business continued to execute through the transition - delivering revenue growth of 224% year-over-year in the quarter and 428% on a six-month basis. Annual recurring revenue(2) exceeded $2.0 million at the closing of the Qualifying Transaction, representing more than six-fold growth in just over twelve months. The demand we are seeing reinforces our conviction that conversational AI for sales execution is becoming foundational to how businesses generate and convert revenue."
He continued: "Our focus from here is on extending the moat we have built and converting that momentum into durable, recurring revenue at scale. Since quarter-end, the United States Patent and Trademark Office has granted us our first two U.S. patents, with seven additional patent applications pending in our intellectual property portfolio that we believe could further strengthen the technology foundation underneath autonomous AI sales execution. We have also commissioned a dedicated NVIDIA Blackwell-class GPU inference cluster and announced a collaboration with Twilio - both of which are designed to accelerate enterprise deployments and unlock opportunity in regulated industries. Combined with the strength of our balance sheet, the new senior leaders we have added, and the customer momentum we are seeing, we believe SalesCloser is well-positioned to scale toward our long-term gross margin profile in excess of 80% as recurring revenue grows."
Q2 Fiscal 2026 represents the Company’s first reporting period as a standalone publicly listed entity following the closing of its Qualifying Transaction with G2M Cap Corp. on March 26, 2026. The Interim Financial Statements have been prepared as a continuation of the historical financial statements of SalesCloser Technologies Inc. (the accounting acquirer), with comparative period figures presented on a carve-out basis from the accounting records of Wishpond Technologies Ltd. (TSXV: WISH). Readers are referred to the MD&A and Note 2 of the Interim Financial Statements for further information regarding the basis of presentation.
Q2 and H1 Fiscal 2026 Financial Highlights
Revenue of $382,755 in Q2 Fiscal 2026 (Q2 Fiscal 2025: $118,316), an increase of 224% year-over-year; revenue of $762,775 for H1 Fiscal 2026 (H1 Fiscal 2025: $144,369), an increase of 428% year-over-year.Geographic diversification: United States customers represented approximately 45% of Q2 Fiscal 2026 revenue, with international customers (Canada, the United Kingdom, and other markets) accounting for approximately 55% - reflecting the Company’s global revenue mix.Gross margin of 70.4% in Q2 Fiscal 2026, compared to 56.6% in Q2 Fiscal 2025; gross margin of 73.4% for H1 Fiscal 2026, compared to 52.5% in H1 Fiscal 2025. Management’s long-term target is to achieve gross margin in excess of 80% as the subscription revenue base scales.Cash of $6,466,059 at March 31, 2026 (September 30, 2025: $33,677), primarily reflecting the closing of the oversubscribed $5.45 million concurrent financing. Total liabilities of $1,000,673; the Company carries no long-term debt.Adjusted EBITDA⁽¹⁾ of negative $820,672 in Q2 Fiscal 2026 (Q2 Fiscal 2025: negative $224,178); Adjusted EBITDA of negative $1,226,302 for H1 Fiscal 2026 (H1 Fiscal 2025: loss of $345,173). The year-over-year increase reflects deliberate investment in standalone public company infrastructure, technology development, and the build-out of the Company’s sales and customer success functions.Net loss of $4,763,169 in Q2 Fiscal 2026 (Q2 Fiscal 2025: $243,402). Net loss for the quarter includes a non-cash reverse acquisition listing expense of $2,648,096 and stock-based compensation of $1,223,180, both recognized in connection with the closing of the Qualifying Transaction. Both items are excluded from Adjusted EBITDA as non-recurring or non-cash in nature. Recent Business Highlights and Corporate Updates
Inaugural quarter as a standalone publicly listed company. The Company completed its Qualifying Transaction with G2M Cap Corp. on March 26, 2026, becoming a TSX Venture Exchange ("TSXV")-listed entity and closing an oversubscribed $5.45 million private placement financing concurrent with closing. Ali Tajskandar was appointed Chief Executive Officer and Chairman of the Company at closing, with Jordan Gutierrez named Chief Operating Officer. Subsequent to the end of the quarter, the Company’s common shares commenced trading on the TSXV under the symbol "SCAI" on April 9, 2026 and on the Frankfurt Stock Exchange under the symbol "MJ5" on April 17, 2026, expanding access for North American and European investors.Continued strengthening of the intellectual property moat protecting autonomous AI sales execution. Subsequent to the end of the quarter, the United States Patent and Trademark Office granted the Company its first two U.S. patents. U.S. Patent No. US12526253B1 ("System and Method for Graph-Based Conversational-Flow Editing"), announced on May 1, 2026, which protects the Company’s foundational approach to democratizing AI sales agent creation for non-technical users - technology that is already fully deployed and generating revenue within the SalesCloser platform. U.S. Patent No. US12574461B1 ("Adaptive Voicemail and IVR Detection for AI-Driven Call Automation"), announced on May 26, 2026, which protects core execution infrastructure that allows AI sales agents to navigate the realities of outbound calling reliably at scale in production environments. These two granted patents represent the first of nine U.S. patent applications in the Company’s intellectual property portfolio. The pending applications cover real-time conversational state management, autonomous human escalation, self-testing systems for AI reliability, and advanced telephony features. The Company believes the breadth of this portfolio has the potential to further strengthen its competitive position in autonomous AI sales execution as additional patents are granted.Strategic investments in enterprise-grade AI infrastructure and channel partnerships. Subsequent to the end of the quarter, the Company announced two strategic developments designed to accelerate enterprise customer adoption and unlock new market opportunities. On May 8, 2026, the Company announced a collaboration with Twilio, a leading global cloud communications platform, to establish a streamlined referral and onboarding process for SalesCloser customers - designed to reduce deployment friction, shorten go-live timelines, and improve call reliability through coordinated deployment workflows. On May 15, 2026, the Company commissioned a dedicated NVIDIA Blackwell-class GPU inference cluster hosted in Canada on infrastructure with a predominantly renewable, hydroelectric grid composition. By operating its own AI inference layer rather than relying exclusively on third-party cloud APIs, the Company expects to enable custom model fine-tuning on SalesCloser’s proprietary sales conversation data, support more sophisticated agentic AI workflows at scale, and provide data sovereignty capabilities that the Company believes can unlock expansion into regulated industry verticals including healthcare, financial services, legal, and government. Selected Financial Highlights
Three months ended
March 31, 2026
($)Three months ended
March 31, 2025
($)Six months ended
March 31, 2026
($)Six months ended
March 31, 2025
($)Revenue382,755118,316762,775144,369Cost of sales113,41051,367202,62068,580Gross profit269,34566,949560,15575,789Gross margin70.4%56.6%73.4%52.5%Total operating expenses2,349,383307,0893,072,951452,246Loss from operations(2,080,038)(240,140)(2,512,796)(376,457)Reverse takeover listing expense2,648,096-2,648,096-Net loss for the period(4,763,169)(243,402)(5,206,770)(379,817)Adjusted EBITDA⁽¹⁾(820,672)(224,178)(1,226,302)(345,173)Cash - end of period6,466,05933,7976,466,05933,797Total assets - end of period7,414,870513,0097,414,870513,009Total liabilities - end of period1,000,67346,4581,000,67346,458
Reconciliation of Loss Before Income Taxes to Adjusted EBITDA⁽¹⁾
Three months ended
March 31, 2026
($)Three months ended
March 31, 2025
($)Six months ended
March 31, 2026
($)Six months ended
March 31, 2025
($)Loss before income taxes(4,763,169)(243,402)(5,206,770)(379,817)Depreciation and amortization36,18615,96263,31431,284Accretion expense38,965-52,275-Other expenses(3,930)3,262(6,397)3,360Stock-based compensation1,223,180-1,223,180-Reverse takeover listing expense2,648,096-2,648,096-Adjusted EBITDA⁽¹⁾(820,672)(224,178)(1,226,302)(345,173)
About SalesCloser
SalesCloser.ai is a Vancouver-based AI software company focused on automating and scaling revenue generation through conversational AI. The Company’s platform enables businesses to deploy AI-powered virtual sales agents that engage prospects and customers across the sales lifecycle. SalesCloser’s agents conduct real-time, personalized interactions across voice, video, and digital channels, including lead qualification, product demonstrations, follow-ups, and meeting scheduling. By augmenting core sales functions, the platform helps organizations increase capacity, accelerate pipeline velocity, and improve conversion rates without a corresponding increase in headcount. The platform integrates with existing CRM and business systems, supports multilingual deployment, and delivers consistent, high-quality customer interactions across industries. SalesCloser operates under a subscription-based SaaS model, generating recurring revenue with strong visibility and high gross margins while continuously enhancing its AI capabilities. The Company’s technology is supported by a growing portfolio of patent applications focused on improving the performance of AI-driven conversational workflows. SalesCloser.ai is listed on the TSX Venture Exchange under the ticker "SCAI" and on the Frankfurt Stock Exchange under the ticker "MJ5". For more information, visit the SalesCloser investor site at: https://investors.salescloser.ai.
Cautionary Statements, Summary Information
Information presented in this press release may be only a summary of all available information and does not purport to be a full representation of all figures, notes and discussions provided for in the Interim Financial Statements and the MD&A. Readers are cautioned to read the entirety of the Interim Financial Statements and the MD&A, and not to rely solely on the information presented in this press release. In the event of any conflict between the provisions of this press release on the one hand, and the Interim Financial Statements and the MD&A on the other hand, the information in the Interim Financial Statements and the MD&A shall govern.
Non-IFRS and Other Financial Measures
This press release contains references to certain non-IFRS financial measures and supplementary financial measures, including Adjusted EBITDA and Annual Recurring Revenue ("ARR"). These measures are not recognized financial measures under IFRS Accounting Standards, do not have any standardized meaning prescribed by IFRS Accounting Standards and therefore may not be comparable to similar measures presented by other entities. Management believes that these measures provide useful supplemental information regarding the Company’s operating performance and uses them to evaluate the underlying performance of the business. These measures should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS Accounting Standards. Readers are cautioned not to place undue reliance on these measures.
(1) Adjusted EBITDA is defined as loss before income taxes, less interest expense, interest income, depreciation and amortization, stock-based compensation, reverse acquisition listing expense, and other one-time or non-recurring items. Adjusted EBITDA is presented because management believes it provides useful supplemental information regarding the Company’s operating performance by excluding non-cash items and items that are not reflective of the ongoing operations of the business. A reconciliation of loss before income taxes to Adjusted EBITDA is presented above.
(2) Annual Recurring Revenue ("ARR") is a supplementary financial measure that the Company uses as a directional indicator of subscription revenue going forward, assuming customers maintain their subscription plan for a period of 12 months. ARR is calculated by multiplying total monthly recurring revenue ("MRR") by 12. ARR does not have any standardized meaning under IFRS Accounting Standards, should not be construed as an alternative to revenue or any other measure of financial performance calculated and presented in accordance with IFRS Accounting Standards, and may not be comparable to similar measures presented by other entities.
Forward-Looking Statements
Statements that are not reported financial results or other historical information are forward-looking statements or forward-looking information within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). This press release includes forward-looking statements regarding, among other things: the Company’s expected future revenue growth and customer acquisition; the future development and increased use of products incorporating artificial intelligence; the Company’s ability to scale operations and expand its enterprise customer base; the anticipated benefits of the Company’s collaboration with Twilio and the dedicated AI inference cluster, including expected benefits to deployment time, operational resilience, and addressable market in regulated industries; the Company’s intellectual property strategy and patent portfolio expansion, including expectations around the outcome of pending patent applications; expectations regarding future financial performance, including, without limitation, gross margins and the Company’s long-term gross margin profile in excess of 80%; the Company’s ability to capitalize on market demand for conversational AI; the Company’s commercial expansion and go-to-market strategies; the impact of recent leadership appointments on business performance; future profitability and operational results; the expected benefits of the Company’s listings on the TSX Venture Exchange and the Frankfurt Stock Exchange, including increased visibility and access to international investors; business and acquisition strategies; opportunities, objectives, prospects; the impact of broader economic factors on the Company; and future events and performance. Sentences and phrases containing or modified by words such as "expect", "anticipate", "plan", "continue", "estimate", "intend", "may", "will", "project", "predict", "potential", "targets", "projects", "is designed to", "strategy", "should", "believe", "contemplate" and similar expressions, and the negative of such expressions, are not historical facts and are intended to identify forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by forward-looking statements. Although the Company believes that the expectations reflected in forward-looking statements in this press release are reasonable and are based on, among other things, the expectations and analysis of current market trends and opportunities of management of the Company, such forward-looking statements have been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company’s control, including, but not limited to: risks associated with changes to SalesCloser and other product’s revenue and profitability; changes to customer preferences; competition; use cases for SalesCloser and other products; the Company’s reliance on third-party service providers, including telecommunications and AI infrastructure partners; the Company’s ability to retain key personnel and hire additional personnel; risks related to the Company’s intellectual property, including the outcome of pending patent applications and the ability to protect and enforce intellectual property rights; economic uncertainty and instability as a result of ongoing inflation and supply chain issues, higher interest rate climate, tightening of credit availability and recessionary risks; pandemic-related risks; wars; tariffs; instability in global commodity and securities markets; shifts in consumer and institutional spending and marketing strategies; risks related to data breaches and privacy; the changing global market and competition for the products and services supplied by the Company; and the additional risk factors discussed in the continuous disclosure materials of the Company which are available under the Company’s profile on SEDAR+ at www.sedarplus.ca. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
June 01, 2026 08:00 ET | Source: ContextLogic Holdings Inc
OAKLAND, Calif., June 01, 2026 (GLOBE NEWSWIRE) -- ContextLogic Holdings, Inc. (OTCQB: LOGC) (“ContextLogic,” the “Company,” “we” or “our”) announced the appointment of Scott Stewart as its Chief Financial Officer and Chief Operating Officer, effective June 1, 2026.
Mr. Stewart joins ContextLogic with a career built around exactly what the Company needs: acquiring businesses, integrating them cleanly, and building the financial infrastructure to support them in a public company context.
Most recently, Mr. Stewart served as CFO of Cantaloupe, Inc. (Nasdaq: CTLP), a technology and payments company. He joined Cantaloupe in 2020 as Chief Accounting Officer, tasked with rebuilding Cantaloupe’s accounting function and controls, and was promoted to CFO in 2022 to lead the full finance organization — including financial reporting, planning and analysis, tax, treasury, and investor relations.
Prior to Cantaloupe, Mr. Stewart spent 13 years with Intercontinental Exchange, Inc., a Fortune 500 company that owns equity and commodity exchanges, most notably the New York Stock Exchange (NYSE), as well as various clearing houses across the globe. During his tenure at ICE, Mr. Stewart held various positions, most recently as Assistant Controller, where he managed corporate accounting, navigated complex technical accounting matters, and supported more than 30 acquisitions and integrations over his tenure — including the landmark acquisition of the NYSE.
Earlier in his career, Mr. Stewart spent four years at Ernst & Young in their audit practice. Mr. Stewart holds a Bachelor of Science in Accounting and a Master of Professional Accountancy from Clemson University.
“We are thrilled to welcome Scott to ContextLogic,” said Mark Ward, President of ContextLogic Holdings Inc. “As we build our portfolio of businesses, having someone who can run the financial and operational engine of the ownership platform is essential. Scott brings exactly the right experience and skillset.”
About ContextLogic Holdings Inc.
ContextLogic Holdings Inc. is a publicly traded business ownership platform established to own a collection of niche, competitively advantaged, long-duration businesses. Each business operates with meaningful autonomy under world-class management teams whose incentives are tightly aligned with those of its shareholders, supported by a governance structure that creates direct accountability between operators and owners. For more information about ContextLogic, please visit www.contextlogic.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, statements regarding the Company’s plans to acquire businesses, integrate them and build financial infrastructure to support them and the impact of Mr. Stewart on the financial and operational aspects of the Company’s ownership platform. In some cases, forward-looking statements can be identified by terms such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “foresees,” “forecasts,” “guidance,” “intends” “goals,” “may,” “might,” “outlook,” “plans,” “potential,” “predicts,” “projects,” “seeks,” “should,” “targets,” “will,” “would” or similar expressions and the negatives of those terms. These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Important factors, risks and uncertainties that could cause actual results to differ materially from those forward-looking statements include but are not limited to: future financial performance; future liquidity and operating expenditures; financial condition and results of operations; enforceability of transfer restrictions and occurrence of an ownership change with the result that ContextLogic’s ability to use its net operating losses could be severely limited; future legislation resulting in ContextLogic being unable to realize the benefits of the tax attributes; ContextLogic’s ability to make use of the existing benefits of the tax attributes because ContextLogic may not generate taxable income; risks related to any future acquisition of a business or assets; currently pending or future litigation; risks if we are deemed to be an investment company under the Investment Company Act of 1940; the effect of new accounting pronouncements; competitive changes in the marketplace and other characterizations of future events or circumstances; and the other important factors discussed in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Further information on these and additional risks that could affect ContextLogic’s results is included in its filings with the Securities and Exchange Commission (“SEC”), including the Annual Report on Form 10-K for the year ended December 31, 2025 and other reports that ContextLogic files with the SEC from time to time, which could cause actual results to vary from expectations. Any forward-looking statement made by ContextLogic in this news release speaks only as of the day on which ContextLogic makes it. ContextLogic assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.
FORT COLLINS, Colo., April 15, 2026 (GLOBE NEWSWIRE) -- Today, Woodward, Inc. (NASDAQ: WWD), a world leader in aerospace and industrial controls, announced that it has entered into an agreement to sell its pilot controls product line and associated services to Ontic Engineering and Manufacturing.
The transaction includes Woodward’s portfolio of pilot controls for commercial and defense applications, such as throttle quadrant assemblies, rudder pedals, and passive side sticks that are currently manufactured at Woodward’s facility in Niles, Illinois. It is subject to customary closing conditions and regulatory approvals.
“This agreement with Ontic reflects our long-term strategy to optimize our portfolio and invest in our core growth areas across aerospace commercial and defense products and services,” said Shawn McLevige, President of Woodward’s Aerospace Segment. “We believe Ontic is well-positioned to support the products and serve customers moving forward.”
As part of the transaction, Woodward and Ontic will enter into a long-term supply agreement under which Woodward will remain the sole supplier of certain engineered electromechanical components for pilot controls. In addition, Woodward will provide transition services over a 9-to-12-month period following the transaction close to support continuity of customer delivery.
A stronger, more focused Woodward
"This adds to other recent strategic moves we’ve announced, including closing our acquisition of Valve Research and Manufacturing, relocating servo line production from California to our premier Rock Cut facility, starting construction on our new Spartanburg facility for Airbus 350 spoiler actuation systems, and the transformation of our Loves Park site into a High-Volume Aerospace Services center. We are building a stronger, more focused Woodward as we invest in high-growth opportunities and expand in the right areas to position Woodward to create more value for our company, our customers, and our shareholders," said McLevige.
Gareth Hall, Ontic Chief Executive Officer, said, "We are pleased to have signed this latest agreement with Woodward. By transferring these product lines to Ontic, Woodward can focus on advancing next-generation aviation technologies, while customers benefit from our proven expertise in long-term product support.”
Hall added, "This agreement reflects the strength of Ontic’s model in sustaining critical aerospace parts. Pilot controls are critical to aircraft operation, and we are committed to ensuring their ongoing reliability, availability, and performance worldwide. We look forward to working closely with Woodward to deliver a smooth transition and continued excellence for customers that depend on these systems.”
About Woodward
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion, and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.
About Ontic
Ontic is a leading manufacturer to the world’s civil and military aircraft. By becoming the OEM to critical parts others originally developed, we provide continuity, availability and longevity to our customers’ fleets, supporting them for a lifetime of flight. Through our in-house manufacturing and engineering, MRO, spares, and AOG support, we ensure certified, safety-critical components remain available, compliant, and reliable across the full operational life of the aircraft we support.
Notice Regarding Forward-Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to statements relating to Woodward’s agreement to sell its pilot controls product lines to Ontic, the anticipated timing and likelihood of closing, expected terms and operation of any related supply or transition services arrangements, and the anticipated strategic and operational benefits of the transaction, as well as the anticipated impacts of our recent strategic moves, including an acquisition, relocation of certain product manufacturing activities, and initiatives related to our facilities and operations. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. Important factors that could cause actual results to differ materially include, but are not limited to: (1) the risk that the transaction may not close in the anticipated timeframe or at all; (2) the failure to satisfy closing conditions or obtain required regulatory approvals; (3) unexpected costs, delays, or other issues arising in connection with the transaction; (4) potential business disruption during the pendency of the transaction and during any transition period, including impacts to relationships with customers or suppliers; (5) risks that integration or ongoing supply arrangements, transition services, or operational handoffs will be delayed, less successful, or more costly or difficult than expected; (6) the risk that anticipated benefits from the transaction may not be fully realized or may take longer than anticipated to be realized; (7) risks that anticipated benefits from efforts to build a stronger, more focused company, to invest in high–growth opportunities, to expand in targeted areas, and to create value for customers and shareholders may not materialize as expected; and other risk factors and risks described in Woodward’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended September 30, 2025, and any subsequently filed Quarterly Reports on Form 10-Q, as well as other risks described in Woodward’s filings with the Securities and Exchange Commission. Forward-looking statements in this press release speak only as of the date hereof, and Woodward undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Woodward, Inc. (NASDAQ:WWD – Free Report) by 22.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,058 shares of the technology company’s stock after selling 1,500 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Woodward were worth $1,529,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WWD. Artisan Partners Limited Partnership acquired a new stake in Woodward during the 3rd quarter worth about $184,721,000. Invesco Ltd. grew its position in Woodward by 122.0% during the 3rd quarter. Invesco Ltd. now owns 905,578 shares of the technology company’s stock worth $228,849,000 after purchasing an additional 497,722 shares during the period. Two Sigma Investments LP grew its position in Woodward by 1,086.9% during the 3rd quarter. Two Sigma Investments LP now owns 330,514 shares of the technology company’s stock worth $83,524,000 after purchasing an additional 302,666 shares during the period. Findlay Park Partners LLP acquired a new stake in Woodward during the 3rd quarter worth about $73,406,000. Finally, Kinetic Partners Management LP acquired a new stake in Woodward during the 3rd quarter worth about $56,556,000. 81.18% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth Several equities research analysts have weighed in on WWD shares. Zacks Research raised Woodward from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. Wells Fargo & Company began coverage on Woodward in a research report on Wednesday, April 1st. They set an “overweight” rating and a $440.00 target price on the stock. Jefferies Financial Group restated a “buy” rating and set a $450.00 target price on shares of Woodward in a research report on Sunday, February 8th. Weiss Ratings restated a “buy (b)” rating on shares of Woodward in a research report on Wednesday, January 21st. Finally, Wall Street Zen upgraded Woodward from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $385.91.
View Our Latest Stock Report on WWD
Insider Activity at Woodward In related news, EVP Shawn M. Mclevige sold 1,850 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $384.37, for a total value of $711,084.50. Following the transaction, the executive vice president directly owned 3,095 shares of the company’s stock, valued at approximately $1,189,625.15. This trade represents a 37.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Eileen P. Paterson sold 5,200 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $378.15, for a total transaction of $1,966,380.00. Following the completion of the transaction, the director directly owned 2,538 shares in the company, valued at $959,744.70. This represents a 67.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 26,925 shares of company stock valued at $10,203,160. 0.71% of the stock is owned by corporate insiders.
Woodward Price Performance NASDAQ:WWD opened at $394.83 on Friday. Woodward, Inc. has a 52 week low of $162.85 and a 52 week high of $407.00. The company has a quick ratio of 1.36, a current ratio of 2.05 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $23.54 billion, a PE ratio of 49.73, a price-to-earnings-growth ratio of 2.68 and a beta of 0.98. The stock’s 50-day moving average price is $379.89 and its 200-day moving average price is $323.20.
Woodward (NASDAQ:WWD – Get Free Report) last posted its earnings results on Monday, February 2nd. The technology company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.52. Woodward had a return on equity of 19.07% and a net margin of 12.89%.The firm had revenue of $996.45 million for the quarter, compared to analysts’ expectations of $901.92 million. During the same period last year, the firm earned $1.35 EPS. The company’s quarterly revenue was up 28.8% on a year-over-year basis. Woodward has set its FY 2026 guidance at 8.200-8.600 EPS. As a group, equities analysts expect that Woodward, Inc. will post 6.15 EPS for the current fiscal year.
Woodward Increases Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 19th were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $1.28 dividend on an annualized basis and a yield of 0.3%. This is a boost from Woodward’s previous quarterly dividend of $0.28. Woodward’s dividend payout ratio is 16.12%.
About Woodward (Free Report)
Woodward, Inc (NASDAQ: WWD) is a global leader in the design, manufacture and service of control systems and components for the aerospace and industrial markets. Founded in 1870 and headquartered in Fort Collins, Colorado, the company specializes in motion control, fuel systems, actuation, and digital control solutions. Its offerings enable precision management of flow, pressure and motion in critical applications ranging from aircraft engines and power turbines to hydraulic systems.
Woodward’s product portfolio is organized into two primary segments: Aerospace and Industrial.
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On April 21, 2026, Woodward Inc WWD shares fell 3.4% today, closing at $380.28. The stock has traded in a 52-week range of $162.85 to $407.00, showcasing significant volatility over the past year.
GF Value™ verdict: Current price is $380.28 versus GF Value™ of $202.91, indicating the stock is 87.4% overvalued.GF Score™: 85/100, denoting a strong overall performance relative to peers.Notable signal: Insider activity shows that insiders sold $14.0M in shares over the last three months, with no buying activity reported. Is WWD Overvalued or Undervalued? Woodward Inc WWD currently trades at $380.28, significantly above its GF Value™ of $202.91, marking it as 87.4% overvalued. This disparity suggests that the current market price does not adequately reflect the company's intrinsic value, which could pose risks for potential investors. The GF Valuation label categorizes the stock as significantly overvalued, indicating that the market may have inflated expectations regarding WWD's future performance.
The margin of safety is crucial for long-term investment success, and with WWD's current valuation, there appears to be little room for error. Investors should be cautious as the high valuation could indicate a potential downturn if the company's performance does not meet market expectations. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
How Does WWD's Valuation Compare to Its History? MetricCurrentHistorical P/E (TTM)47.9x35.9x (5-Year Median) Forward P/E43.4x- The current P/E (TTM) of 47.9x is significantly above its 5-year median of 35.9x, indicating that WWD is trading at a premium compared to its historical valuation. This analysis aligns with the GF Value™ verdict of being overvalued, reinforcing the notion that the stock price may not be sustainable based on historical performance metrics.
What Does WWD's GF Score™ Tell Us? MetricRating GF Score™85/100 Financial Strength8/10 Profitability9/10 Growth10/10 Valuation1/10 Momentum6/10 The GF Score™ of 85/100 reflects a strong performance, particularly in areas such as Growth (10/10) and Profitability (9/10), which highlight WWD's ability to generate earnings and expand. However, the Valuation score of 1/10 indicates a significant concern regarding its current market price relative to its intrinsic value. The Financial Strength score of 8/10 suggests a solid foundation, but the low Valuation score highlights the risks associated with the high market price.
What Are Insiders Doing with WWD Stock? Recent insider activity for Woodward Inc shows that insiders have sold $14.0 million in stock over the last three months without any reported buying. This pattern of selling may indicate a lack of confidence among insiders regarding the stock's future performance or current valuation levels. Such selling activity can be a red flag for potential investors, as insiders typically have more insight into the company's prospects.
What This Means for Investors Based on the GF Value™ assessment, Woodward Inc WWD is currently overvalued. The substantial difference between the current stock price and the GF Value™ suggests caution for potential investors considering a position in the company.
For the complete analysis, visit the Woodward Inc WWD stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is WWD's GF Score™?
WWD's GF Score™ is 85/100, indicating a strong overall performance relative to its peers and suggesting potential for higher long-term returns.
Is WWD overvalued or undervalued?
WWD is considered overvalued based on the GF Value™, which indicates the stock price is significantly above its intrinsic value.
What is WWD's P/E ratio?
WWD's P/E (TTM) ratio is 47.9x, which is 33% above its 5-year median of 35.9x, suggesting it is trading at a premium compared to its historical valuations.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
FORT COLLINS, Colo., April 22, 2026 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ: WWD) and Lufthansa Technik have entered an Elite Licensed Repair Service Facility Agreement (LRSF), reinforcing their long-standing cooperation for support of Woodward components on the CFM International LEAP-1A and LEAP-1B* engines. As part of Woodward’s newly established two-tier global support network, Lufthansa Technik is the first network partner authorized to provide the complete range of repair and overhaul services on Woodward fuel controls, valves, and actuators on the CFM LEAP engines.
For operators of Airbus A320neo and Boeing 737 MAX aircraft, this agreement will translate into enhanced service resilience and greater planning certainty. Lufthansa Technik, as a CFM Premier MRO provider, already supports a significant number of CFM LEAP engine-powered aircraft. The Elite partnership further strengthens Lufthansa Technik’s ability to deliver integrated, OEM-aligned repair and overhaul services for Woodward fuel controls, actuators, and valves – the critical system that drives engine performance and reliability – as CFM LEAP fleets continue to grow.
As part of the collaboration, Lufthansa Technik will invest in advanced tooling and test equipment to enable full Elite-level capabilities for Woodward components. This investment reflects the company’s long-term commitment to the CFM LEAP platform and its determination to deliver OEM-compliant, high-quality repair solutions for CFM LEAP-1A and LEAP-1B engine operators worldwide.
“The partnership with Lufthansa Technik is an important step forward in our collaboration and for delivering excellent service to customers,” said John DiSilvestro, Senior Vice President of Sales, Marketing, and Service at Woodward. “Lufthansa Technik is a proven leader in engine and component maintenance and a trusted partner. Together, we are strengthening global support for the growing CFM LEAP engine fleet.”
“For our customers, this partnership agreement translates into tangible operational benefits: OEM-supported repair capabilities, close technical alignment, and continuity provide the reliability that airlines need when operating highly efficient and complex next-generation engines,” said Berit Plewinsky, Vice President Commercial Aircraft Component Services at Lufthansa Technik. “This milestone strengthens our ability to support LEAP fleets sustainably throughout their lifecycle.”
“This collaboration reflects a high level of mutual trust and long-term commitment between Woodward and Lufthansa Technik,” said Henning Linnekogel, Senior Director OEM Partner Management at Lufthansa Technik. “By joining Woodward’s ELITE network as the first independent MRO, we are deepening our collaboration and setting new standards in CFM LEAP component support.”
“This agreement is about delivering more value to customers,” said Jacob Roush, Vice President of Sales at Woodward. “Airlines need highly reliable solutions that keep aircraft flying efficiently and downtime to a minimum. Partnering with Lufthansa Technik at the Elite level allows us to expand access to OEM-aligned services for Woodward fuel controls, actuators, and valves across the global CFM LEAP fleet.”
From left to right: Henning Linnekogel, Senior Director OEM Partner Management at Lufthansa Technik, Berit Plewinsky, Vice President Commercial Aircraft Component Services at Lufthansa Technik, and John DiSilvestro, Vice President Sales, Marketing and Services at Woodward
About Woodward
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion, and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.
About Woodward’s Licensed Repair Services Facility Program (LRSF)
Woodward’s LRSF program provides Maintenance, Repair and Overhaul (MRO) stations with licenses and technology packages to perform MRO services on Woodward engine components and systems on CFM LEAP engines.
The program features two distinct tiers: Elite and Authorized, each offering unique benefits. MRO service providers can choose the tier that best suits their needs.
Key features include:
Direct access to the CMM from Woodward as requiredAccess to technical assistanceTechnology Package that includes tooling, training, and know-how
About Lufthansa Technik
The Lufthansa Technik Group is one of the leading providers of technical aircraft services in the world. Certified internationally as a maintenance, production, and design organization, the company employs more than 23,000 people in dozens of locations around the globe. Lufthansa Technik offers the full range of services for commercial, VIP, and special-mission aircraft. The portfolio includes maintenance, repair, overhaul, and modification of airframes, engines, components, and landing gears, as well as the manufacture of innovative cabin products and digital fleet support.
* LEAP engines are a product of CFM International, a 50/50 joint company between GE Aerospace and Safran Aircraft Engines.
Curado is a distinguished global executive who brings CEO and board experience across industrial, energy, and aerospace markets April 24, 2026 07:00 ET | Source: Woodward, Inc.
FORT COLLINS, Colo., April 24, 2026 (GLOBE NEWSWIRE) -- Woodward (NASDAQ: WWD), a world leader in the design and manufacture of aerospace and industrial controls, today announced the election of Frederico Fleury Curado to its Board of Directors and its Audit Committee, effective June 1, 2026. Curado brings more than four decades of leadership experience in industrial and aerospace companies.
“Fred is a proven global business leader who has helped complex organizations improve performance and sharpen strategy,” said Chip Blankenship, Chair and CEO of Woodward. “His deep experience across industrial, energy, and aerospace markets, along with a strong track record in governance and his global experience, will be valuable as we pursue our long-term growth strategy and create value for our company, our customers, and stockholders.”
Curado most recently served as Chief Executive Officer of Ultrapar S.A. from 2017 to 2021. During his tenure, he led a comprehensive portfolio optimization strategy that repositioned the company around its core energy and infrastructure businesses, enabling greater focus and capital allocation to its fuel distribution, LPG, and logistics platforms. Prior to Ultrapar, Curado served as President and Chief Executive Officer of Embraer S.A. from 2007-2016. During his tenure, Curado helped transform Embraer from a regional jet manufacturer into a diversified global aerospace leader, overseeing the development of the E-Jets E2, Legacy 450/500 and KC-390 Millennium programs. Earlier in his career, Curado held senior leadership roles in the aerospace sector, where he developed a strong reputation for operational excellence, international market expansion, and disciplined capital management.
Curado’s board and executive leadership experience spans governance, compensation, audit oversight, environmental, and safety matters, bringing practical oversight experience to Woodward’s Board.
He currently serves on the boards of ABB Ltd. (Chair, Compensation Committee), LATAM Airlines Group S.A. (Chair, Audit Committee), and Transocean Ltd. (Compensation Committee and Chair, Governance, Safety & Environment Committee).
About Woodward
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion, and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.
FORT COLLINS, Colo., April 27, 2026 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD) today announced that its Board of Directors declared a cash dividend of $0.32 per share for the quarter, payable on June 4, 2026, for stockholders of record as of May 21, 2026.
About Woodward, Inc.
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.
Notice Regarding Forward-Looking Statements
The statements in this release contain forward-looking statements that involve risks and uncertainties, including statements concerning the company’s cash dividend. Actual results could differ materially from projections or any other forward-looking statements and we have no obligation to update our forward-looking statements. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward's Annual Report and Form 10-K for the year ended September 30, 2025, and any subsequently filed Quarterly Report on Form 10-Q.
CONTACT: Dan Provaznik Director Investor Relations 970-498-3849 [email protected]
Key Takeaways WWD set to report Q2 FY26 on April 29, with revenues seen up 12.4% and EPS up 18.3%.Woodward's Aerospace growth driven by OEM, defense demand and strong commercial services activity.WWD Industrial gains from power demand and data centers, but China exit and macro risks weigh. Woodward, Inc (WWD - Free Report) is scheduled to report second-quarter fiscal 2026 results on April 29.
The Zacks Consensus Estimate for revenues is pegged at $992.8 million, which implies an increase of 12.4% from the year-ago reported number. The consensus mark for earnings is pegged at $2.00 per share, indicating a year-over-year increase of 18.3%.
WWD’s earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 17.93%.
Image Source: Zacks Investment Research
Woodward’s shares have gained 101.1% compared with the Aerospace Defense Equipment industry’s growth of 28.2% in the past year.
Factors to Note Ahead of WWD’s Q2 ResultsWWD’s performance in the fiscal second quarter is likely to have been powered by momentum in the Aerospace segment and core industrial end markets.
Strength in the commercial OEM and services, as well as higher defense activity, are likely to have supported Aerospace momentum, despite supply-chain challenges. In the last reported quarter, commercial OEM and defense OEM sales were up 22% and 23%, respectively. OEM sales supported by pricing tailwinds like JDAM.
WWD has been witnessing strong growth across its defense portfolio, including a considerably higher smart defense order activity. Geopolitical developments have been driving higher demand in the defense vertical.
Continued high legacy aircraft utilization, along with growth expected in repair activity and spare parts, is likely to have supported revenues from Commercial services. However, on the last earnings call, management noted that commercial services revenues would normalize owing to tougher comps, as the elevated spare LRU sales in the previous quarter cannot repeat.
Woodward’s Industrial business segment has been gaining from solid demand for power generation and the continued requirement for primary and backup power for data centers. Higher investment in gas-powered generation to support grid stability is another tailwind. Increasing demand for alternative fuels across the marine industry, as well as momentum in the global marine market brought on by capacity and higher utilization, bodes well.
A notable change in the Industrial segment is the planned wind-down of the China on-highway business, though it contributed to the fiscal first quarter earnings. The China on-highway business has delivered inconsistent performance, marked by limited order visibility and pronounced quarter-to-quarter volatility.
Due to its unpredictable operating environment and uneven contribution to revenues and profitability, management has elected to wind down the business by the end of the current fiscal year. This decision is expected to entail $20-$25 million in restructuring and exit-related costs, largely stemming from employee-related expenses, contract cancellations and inventory write-downs.
Favorable mix and strong pricing are holding up margin performance. Global macroeconomic uncertainty, along with ongoing investments in capacity expansion and rising costs, is a concern. Also, a slowdown in production in the oil and gas sector and supply-chain challenges in the Aerospace segment remain concerns.
We expect revenues from the Aerospace segment to increase 16.3% to $653 million and from the Industrial segment to increase 6.1% to $341.4 million for the fiscal second quarter.
Recent Key DevelopmentsOn April 23, 2026, Woodward and Air France-KLM Engineering & Maintenance have signed an Elite Licensed Repair Service Facility (“LRSF”) agreement for CFM LEAP-1A and LEAP-1B engine components.
On April 21, 2026, Woodward signed an LRSF agreement with Lufthansa Technik to support its components on CFM LEAP engines. Lufthansa Technik becomes the first network partner authorized to provide full repair and overhaul services, enhancing support for Airbus A320neo and Boeing 737 MAX operators.
On April 15, 2026, Woodward announced an agreement to sell its pilot controls product line and related services to Ontic Engineering and Manufacturing, subject to customary closing conditions and regulatory approvals.
On March 9, 2026, Woodward announced an agreement to acquire Jet Research Development, Inc., which operates as Valve Research & Manufacturing Company. The company specializes in the manufacturing of high-precision flow control valves for aerospace applications and is a strategic fit for WWD’s aerospace controls portfolio.
What Our Model Says for WWDOur proven model does not conclusively predict an earnings beat for WWD this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here.
WWD has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to ConsiderHere are three stocks you may want to consider, as our model shows that these have the right elements to post an earnings beat in this reporting cycle.
Sandisk Corporation (SNDK - Free Report) currently has an Earnings ESP of +4.96% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Sandisk is scheduled to report quarterly earnings on April 30. The Zacks Consensus Estimate for SNDK’s to-be-reported quarter’s earnings and revenues is pegged at $13.92 per share and $4.55 billion, respectively. Shares of SNDK have skyrocketed 2,967.5% in the past year.
Monolithic Power Systems (MPWR - Free Report) has an Earnings ESP of +0.78% and a Zacks Rank #2 at present. MPWR is scheduled to report quarterly figures on April 30.
The Zacks Consensus Estimate for MPWR’s to-be-reported quarter’s earnings and revenues is pegged at $4.89 per share and $781.1 million, respectively. Shares of MPWR are up 178.9% in the past year.
Sirius XM (SIRI - Free Report) has an Earnings ESP of +0.58% and a Zacks Rank #2 at present. SIRI is scheduled to report quarterly figures on April 30. The Zacks Consensus Estimate for SIRI’s to-be-reported quarter’s earnings and revenues is pegged at 70 cents per share and $2.07 billion, respectively. Shares of SIRI are up 22.2% in the past year.
FORT COLLINS, Colo., April 29, 2026 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD) today reported financial results for its second quarter ended March 31, 2026.
All amounts are presented on an as reported (U.S. GAAP) basis unless otherwise indicated. All per share amounts are presented on a fully diluted basis. All comparisons are made to the same period of the prior year unless otherwise stated. All references to years are references to the Company’s fiscal year unless otherwise stated.
Second Quarter Overview Second Quarter 2026 Year-to-Date 2026Net sales$1.1B, +23% $2.1B, +26%Net earnings$134M, +23% $268M, +37%Adjusted net earnings1$139M, +35% $273M, +47%Earnings per share (EPS)$2.19, +23% $4.36, +36%Adjusted EPS1$2.27, +34% $4.44, +46%Net cash provided by operating activities$91M, +17% $205M, +83%Free cash flow1$38M, -36% $109M, +80%
"We delivered outstanding second quarter results reflecting robust demand and strong execution across both segments,” said Chip Blankenship, Chairman and Chief Executive Officer. “Aerospace performance was largely driven by continued strength in commercial services activity and OEM demand. Industrial grew across the board in transportation, power generation, and oil and gas.
“Based on our first half performance and continued demand strength, we are raising our full-year outlook. We remain focused on executing in a dynamic environment while continuing to invest in innovation and operational excellence to deliver sustained profitable growth and long-term shareholder value.”
Second Quarter Fiscal Year 2026 Company Results
Total Company Results
(Dollars in millions, except per share amounts) Three Months Ended March 31, Six Months Ended March 31, 2026 2025 Year over Year 2026 2025 Year over Year Income Statement Net sales$1,091 $884 23% $2,087 $1,656 26%Net earnings 134 109 23% 268 196 37%Adjusted net earnings 139 103 35% 273 186 47%EPS$2.19 $1.78 23% $4.36 $3.20 36%Adjusted EPS$2.27 $1.69 34% $4.44 $3.04 46%EBIT1 179 144 24% 358 257 39%Adjusted EBIT1 186 136 36% 364 243 50%Effective tax rate 20.0% 18.1%190 bps 20.5% 16.5%400 bps Adjusted effective tax rate1 20.2% 17.7%250 bps 20.5% 16.1%440 bps Cash Flow and Financial Position Net cash provided by operating activities$91 $78 17% $205 $112 83%Capital Expenditures53 18 186% 97 52 86%Free cash flow 38 59 -36% 109 60 80% Dividends Paid 19 17 14% 36 31 14%Share Repurchases 226 44 412% 355 79 346%Total Debt 1,123 912 23%EBITDA1Leverage 1.4x 1.5x Segment Results
Aerospace
(Dollars in millions) Three Months Ended March 31, Six Months Ended March 31, 2026 2025 Year over Year 2026 2025 Year over Year Commercial OEM$218 $167 30% $406 $322 26%Commercial services 275 202 36% 520 366 42%Defense OEM 151 138 9% 289 251 15%Defense services 59 54 8% 123 118 4% Sales 703 562 25% 1,338 1,056 27%Segment Earnings 158 125 27% 306 219 40%Segment Margin % 22.5% 22.2%30 bps 22.9% 20.8%210 bps Segment earnings for the second quarter of 2026 were $158 million, or 22.5 percent of segment net sales. Segment earnings for the first half of fiscal 2026 were $306 million, or 22.9 percent of segment net sales. The increase in segment earnings in both periods was a result of price realization and higher sales volumes, partially offset by inflation, strategic investments in manufacturing capabilities, research and development, and the enterprise resource planning system upgrade.
Industrial
(Dollars in millions) Three Months Ended March 31, Six Months Ended March 31, 2026 2025 Year over Year 2026 2025 Year over Year Transportation$177 $132 34% $343 $239 43%Power generation 136 126 7% 259 241 7%Oil and gas 74 63 18% 147 120 23% Sales 387 322 20% 749 601 25%Segment Earnings 66 46 43% 133 86 54%Segment Margin % 17.0% 14.3%270 bps 17.7% 14.3%340 bps Industrial segment earnings for the second quarter of 2026 were $66 million, or 17.0 percent of segment net sales. Industrial segment earnings for the first half of fiscal 2026 were $133 million, or 17.7 percent of segment net sales. The increase in segment earnings in both periods was a result of higher sales volume, price realization, and favorable mix, partially offset by inflation and a reserve for a product performance claim.
Nonsegment
(Dollars in millions) Three Months Ended March 31, Six Months Ended March 31, 2026 2025 Year over Year 2026 2025 Year over Year Nonsegment Expense$(45)$(27) 68% $(82)$(49) 67%Adjusted Nonsegment Expenses (38) (34) 12% (75) (62) 21%
Fiscal Year 2026 Guidance
Based on strong second quarter performance and improved confidence in the second half outlook, Woodward is raising its 2026 sales and earnings guidance.
Prior FY26 GuidanceRevised FY26 Guidance Issued on February 2, 2026Issued on April 29, 2026Total Company Sales growthup 14% to 18%up 20% to 23%Adjusted EPS3$8.20 - $8.60$9.15 - $9.45Free cash flow3$300 - $350 millionNo changeCapital expenditures~$290 millionNo changeShares~61 million~61.5 millionAdjusted effective tax rate3~22%No change Segment Data Aerospace Sales Growthup 15% to 20%up 21% to 24%Segment Earnings (% of Sales)22% to 23%23% to 23.5%Industrial Sales Growthup 11% to 14%up 18% to 20%Segment Earnings (% of Sales)16% to 17%18% to 18.5%
Conference Call
Woodward will hold an investor conference call at 5:00 p.m. ET on April 29, 2026, to provide an overview of the financial performance for its second quarter ended March 31, 2026, business highlights, and guidance for fiscal 2026. You are invited to listen to the live webcast of our conference call, or a recording, and view or download accompanying presentation slides at our website, www.woodward.com2.
You may also listen to the call by dialing 1-800-715-9871 (domestic) or 1-646-307-1963 (international). Participants should call prior to the start time to allow for registration; the Conference ID is 4675940. The call and presentation will be available on the website by selecting “Investors/Events & Presentations” from the menu and will remain accessible on the company’s website for one year.
About Woodward, Inc.
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Together with our customers, we are enabling the path to a cleaner, decarbonized world. Our innovative fluid, combustion, electrical, propulsion, and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.
Cautionary Statement
Information in this press release contains forward-looking statements regarding future events and our future results within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including, but not limited to, the continued strength in demand for our products and services; our investments in our business, including in our capabilities, innovation, and operational discipline, including whether these investments ultimately lead to sustained profitable growth and long-term shareholder value; and statements regarding our business and guidance for fiscal year 2026, including our guidance for sales, adjusted earnings per share, segment sales growth rates, segment earnings margin growth rates, adjusted effective tax rate, free cash flow, capital expenditures, and diluted weighted average shares outstanding, as well as our assumptions regarding our guidance, anticipated trends in our business and markets, including our assumptions regarding sales, demand, and margin expansion in fiscal 2026. Factors that could cause actual results and the timing of certain events to differ materially from the forward-looking statements include, but are not limited to: (1) global economic uncertainty and instability, including in the financial markets that affect Woodward, its customers, and its supply chain; (2) risks related to constraints and disruptions in the global supply chain and labor markets; (3) Woodward’s long sales cycle; (4) risks related to Woodward’s concentration of revenue among a relatively small number of customers; (5) Woodward’s ability to implement and realize the intended effects of any restructuring efforts; (6) Woodward’s ability to successfully manage competitive factors including expenses and fluctuations in sales, as well as innovation and new product development; (7) changes and consolidations in the aerospace market; (8) Woodward’s financial obligations including debt obligations and tax expenses and exposures; (9) risks related to Woodward’s U.S. government contracting activities including potential changes in government spending patterns; (10) volatility with respect to the China on-highway natural gas truck market; (11) Woodward’s ability to protect its intellectual property rights and avoid infringing the intellectual property rights of others; (12) changes in the estimates of fair value of reporting units or of long-lived assets; (13) environmental risks; (14) Woodward’s continued access to a stable workforce and favorable labor relations with its employees, including its ability to retain key personnel or attract and retain new qualified personnel; (15) Woodward’s ability to manage various regulatory and legal matters; (16) risks from operating internationally; (17) cybersecurity, data privacy, and other technological risks; and other risk factors and risks described in Woodward's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended September 30, 2025, any subsequently filed Quarterly Report on Form 10-Q, and other risks described in Woodward’s filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date hereof and Woodward assumes no obligation to update such statements, except as required by applicable law.
Woodward, Inc. and Subsidiaries
Condensed Consolidated Statement of Earnings
(Unaudited – In thousands) Three Months Ended March 31, Six Months Ended March 31, 2026 2025 2026 2025 Net sales$1,090,568 $883,629 $2,087,022 $1,656,354 Costs and expenses: Cost of goods sold 774,660 643,530 1,478,953 1,226,621 Selling, general, and administrative expenses 102,285 83,842 197,270 153,538 Research and development costs 46,119 37,230 83,875 67,437 Restructuring charges 6,815 - 6,815 - Interest expense 12,035 11,889 22,379 24,230 Interest income (715) (1,021) (1,416) (2,398)Other income, net (18,058) (24,804) (37,432) (47,891)Total costs and expenses 923,141 750,666 1,750,444 1,421,537 Earnings before income taxes 167,427 132,963 336,578 234,817 Income taxes 33,414 24,014 68,846 38,777 Net earnings$134,013 $108,949 $267,732 $196,040 Earnings per share amounts: Basic earnings per share$2.25 $1.83 $4.48 $3.30 Diluted earnings per share$2.19 $1.78 $4.36 $3.20 Weighted average common shares outstanding: Basic 59,611 59,432 59,725 59,323 Diluted 61,276 61,344 61,462 61,258 Cash dividends paid per share$0.32 $0.28 $0.60 $0.53 Woodward, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(Unaudited – In thousands) March 31,
2026 September 30,
2025 Assets Current assets: Cash and cash equivalents$501,169 $327,431 Accounts receivable 931,231 831,116 Inventories 704,465 654,608 Income taxes receivable 69,743 1,553 Other current assets 65,314 69,706 Total current assets 2,271,922 1,884,414 Property, plant, and equipment, net 1,034,798 986,623 Goodwill 825,503 832,288 Intangible assets, net 408,801 428,080 Deferred income tax assets 44,737 118,711 Other assets 383,351 380,027 Total assets$4,969,112 $4,630,143 Liabilities and stockholders’ equity Current liabilities: Short-term debt$623,000 $122,300 Current portion of long-term debt 46,905 122,934 Accounts payable 305,855 289,417 Income taxes payable 54,532 59,655 Accrued liabilities 281,463 313,083 Total current liabilities 1,311,755 907,389 Long-term debt, less current portion 453,373 456,968 Deferred income tax liabilities 105,332 107,669 Other liabilities 573,192 591,727 Total liabilities 2,443,652 2,063,753 Stockholders’ equity 2,525,460 2,566,390 Total liabilities and stockholders’ equity$4,969,112 $4,630,143 Woodward, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(Unaudited – In thousands) Six Months Ended March 31, 2026 2025 Net cash provided by operating activities$205,264 $112,341 Cash flows from investing activities: Payments for purchase of property, plant, and equipment(96,720) (51,990)Proceeds from sale of assets- 33 Proceeds from short-term investments65 2,923 Proceeds from business divestitures- 44,896 Payments for acquisitions, net of cash acquired(2,808) - Net cash (used in) investing activities (99,463) (4,138) Cash flows from financing activities: Cash dividends paid(35,853) (31,453)Proceeds from sales of treasury stock40,388 49,717 Payments for repurchases of common stock(355,297) (79,493)Borrowings on revolving lines of credit and short-term borrowings2,010,053 1,350,200 Payments on revolving lines of credit and short-term borrowings(1,509,353) (1,306,100)Payments of long-term debt and finance lease obligations(75,507) (473)Net cash provided by (used in) financing activities 74,431 (17,602)Effect of exchange rate changes on cash and cash equivalents(6,494) (8,730)Net change in cash and cash equivalents173,738 81,871 Cash and cash equivalents, including restricted cash, at beginning of year 327,431 282,270 Cash and cash equivalents, including restricted cash, at end of period501,169 $364,141 Woodward, Inc. and Subsidiaries
Segment Net Sales and Net Earnings
(Unaudited – In thousands) Three Months Ended March 31, Six Months Ended March 31, 2026 2025 2026 2025 Segment net sales: Aerospace 703,321 561,729 1,338,218 1,055,611 Industrial 387,247 321,900 748,804 600,743 Total consolidated net sales$1,090,568 $883,629 $2,087,022 $1,656,354 Segment earnings*: Aerospace 158,075 124,616 306,470 219,341 As a percent of segment net sales 22.5% 22.2% 22.9% 20.8%Industrial 65,721 45,967 132,715 86,164 As a percent of segment net sales 17.0% 14.3% 17.7% 14.3%Total segment earnings$223,796 $170,583 $439,185 $305,505 Nonsegment expenses (45,049) (26,752) (81,644) (48,856)EBIT$178,747 $143,831 $357,541 $256,649 Interest expense, net (11,320) (10,868) (20,963) (21,832)Consolidated earnings before income taxes$167,427 $132,963 $336,578 $234,817 *This schedule reconciles segment earnings, which exclude certain costs, to consolidated earnings before taxes. Payments for property, plant and equipment$52,591 $18,416 $96,720 $51,990 Depreciation expense$22,482 $20,794 $44,178 $41,756 Woodward, Inc. and Subsidiaries
Reconciliation of Net Earnings and EPS to Adjusted Earnings1 and Adjusted EPS1
(Unaudited – In thousands, except per share amounts) Three Months Ended March 31, 2026 2025 Net
Earnings Earnings
Per Share Net
Earnings Earnings
Per Share Net Earnings (U.S. GAAP)$134,013 $2.19 $108,949 $1.78 Non-U.S. GAAP Adjustments Restructuring charges 6,815 0.11 - - Product rationalizationa - - (11,163) (0.18)Business development activitiesb - - 3,793 0.06 Tax Effect of Non-U.S. GAAP Net Earnings Adjustments (1,702) (0.03) 1,811 0.03 Total non-U.S. GAAP Adjustments 5,113 0.08 (5,559) (0.09)Adjusted Net Earnings (Non-U.S. GAAP)$139,126 $2.27 $103,390 $1.69 Presented in the line item "Other income, net" in Woodward's Condensed Consolidated Statement of Earnings.Presented in the line item "Selling, general, and administrative expenses" in Woodward's Condensed Consolidated Statement of Earnings. Woodward, Inc. and Subsidiaries
Reconciliation of Net Earnings and EPS to Adjusted Net Earnings1 and Adjusted EPS1
(Unaudited – In thousands, except per share amounts) Six Months Ended March 31, 2026 2025 Net
Earnings Earnings
Per Share Net
Earnings Earnings
Per Share Net Earnings (U.S. GAAP)$267,732 $4.36 $196,040 $3.20 Non-U.S. GAAP Adjustments Restructuring charges 6,815 0.11 - - Product rationalizationa - - (20,524) (0.33)Business development activitiesb - - 7,310 0.12 Tax Effect of Non-U.S. GAAP Net Earnings Adjustments (1,702) (0.03) 3,130 0.05 Total non-U.S. GAAP Adjustments 5,113 0.08 (10,084) (0.16)Adjusted Net Earnings(Non-U.S. GAAP)$272,845 $4.44 $185,956 $3.04 Presented in the line item "Other income, net" in Woodward's Condensed Consolidated Statement of Earnings.Presented in the line item "Selling, general, and administrative expenses" in Woodward's Condensed Consolidated Statement of Earnings. Woodward, Inc. and Subsidiaries
Reconciliation of Income Tax Expense
to Adjusted Income Tax Expense1
(Unaudited – In thousands) Three Months Ended March 31, 2026 2025 Income tax expense (U.S. GAAP)$33,414 $24,014 Tax Effect of Non-U.S. GAAP Net Earnings Adjustments 1,702 (1,811)Adjusted Income Tax Expense (Non-U.S. GAAP)$35,116 $22,203 Adjusted Income Tax Rate (Non-U.S. GAAP) 20.2% 17.7% Woodward, Inc. and Subsidiaries
Reconciliation of Income Tax Expense to Adjusted Income Tax Expense1
(Unaudited – In thousands) Six Months Ended March 31, 2026 2025 Income tax expense (U.S. GAAP)$68,846 $38,777 Tax Effect of Non-U.S. GAAP Net Earnings Adjustments 1,702 (3,130)Adjusted Income Tax Expense (Non-U.S. GAAP)$70,548 $35,647 Adjusted Income Tax Rate (Non-U.S. GAAP) 20.5% 16.1% Woodward, Inc. and Subsidiaries
Reconciliation of Net Earnings to EBIT1 and Adjusted EBIT1
(Unaudited – In thousands) Three Months Ended March 31, 2026 2025 Net Earnings (U.S. GAAP)$134,013 $108,949 Income Tax Expense 33,414 24,014 Interest Expense 12,035 11,889 Interest Income (715) (1,021)EBIT (Non-U.S. GAAP) 178,747 143,831 Total non-U.S. GAAP Adjustments 6,815 (7,370)Adjusted EBIT(Non-U.S. GAAP)$185,562 $136,461 Woodward, Inc. and Subsidiaries
Reconciliation of Net Earnings to EBIT1 and Adjusted EBIT1
(Unaudited – In thousands) Six Months Ended March 31, 2026 2025 Net Earnings (U.S. GAAP)$267,732 $196,040 Income Tax Expense 68,846 38,777 Interest Expense 22,379 24,230 Interest Income (1,416) (2,398)EBIT (Non-U.S. GAAP) 357,541 256,649 Total non-U.S. GAAP Adjustments 6,815 (13,214)Adjusted EBIT(Non-U.S. GAAP)$364,356 $243,435 Woodward, Inc. and Subsidiaries
Reconciliation of Net Earnings to EBITDA1 and Adjusted EBITDA1
(Unaudited – In thousands) Three Months Ended March 31, 2026 2025 Net Earnings (U.S. GAAP)$134,013 $108,949 Income Tax Expense 33,414 24,014 Interest Expense 12,035 11,889 Interest Income (715) (1,021)Amortization of intangible assets 7,424 6,772 Depreciation Expense 22,482 20,794 EBITDA (Non-U.S. GAAP) 208,653 171,397 Total non-U.S. GAAP Adjustments 6,815 (7,370)Adjusted EBITDA(Non-U.S. GAAP)$215,468 $164,027 Woodward, Inc. and Subsidiaries
Reconciliation of Net Earnings to EBITDA1 and Adjusted EBITDA1
(Unaudited – In thousands) Six Months Ended March 31, 2026 2025 Net Earnings (U.S. GAAP)$267,732 $196,040 Income Tax Expense 68,846 38,777 Interest Expense 22,379 24,230 Interest Income (1,416) (2,398)Amortization of Intangible Assets 14,766 13,686 Depreciation Expense 44,178 41,756 EBITDA (Non-U.S. GAAP) 416,485 312,091 Total non-U.S. GAAP Adjustments 6,815 (13,214)Adjusted EBITDA(Non-U.S. GAAP)$423,300 $298,877 Woodward, Inc. and Subsidiaries
Reconciliation of Non-Segment Expenses to Adjusted Non-Segment Expenses1
(Unaudited – In thousands) Three Months Ended March 31, 2026 2025 Non-Segment Expenses (U.S. GAAP)$(45,049)$(26,752)Restructuring charges 6,815 - Product rationalization - (11,163)Business development activities - 3,793 Adjusted Non-Segment Expenses (Non-U.S. GAAP)$(38,234)$(34,122) Woodward, Inc. and Subsidiaries
Reconciliation of Non-Segment Expenses to Adjusted Non-Segment Expenses1
(Unaudited – In thousands) Six Months Ended March 31, 2026 2025 Non-Segment Expenses (U.S. GAAP)$(81,644)$(48,856)Restructuring charges 6,815 - Product rationalization - (20,524)Business development activities - 7,310 Adjusted Non-Segment Expenses (Non-U.S. GAAP)$(74,829)$(62,070) Woodward, Inc. and Subsidiaries
Reconciliation of Net Cash Provided by Operating Activities
to Free Cash Flow1
(Unaudited – In thousands) Three Months Ended March 31, 2026 2025 Net cash provided by operating activities (U.S. GAAP)$90,827 $77,825 Payments for property, plant, and equipment (52,591) (18,416)Free cash flow (Non-U.S. GAAP)$38,236 $59,409 Woodward, Inc. and Subsidiaries
Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow1
(Unaudited – In thousands) Six Months Ended March 31, 2026 2025 Net cash provided by operating activities (U.S. GAAP)$205,264 $112,341 Payments for property, plant, and equipment(96,720) (51,990)Free cash flow (Non-U.S. GAAP)$108,544 $60,351 1Adjusted and Non-U.S. GAAP Financial Measures: Adjusted net earnings, adjusted earnings per share, adjusted income tax expense, adjusted effective income tax rate, EBIT, adjusted EBIT, EBITDA, adjusted EBITDA, and adjusted nonsegment expenses exclude, as applicable, (i) product rationalization, (ii) costs related to business development activities, and (iii) restructuring charges. The product rationalization adjustment pertains to the elimination and divestiture of certain product lines. The Company believes that these excluded items are short‐term in nature, not directly related to the ongoing operations of the business, and therefore, the exclusion of them illustrates more clearly how the underlying business of Woodward is performing. Guidance with respect to non-U.S. GAAP measures as provided in this release excludes, as applicable, restructuring charges.
EBIT (earnings before interest and taxes), adjusted EBIT, EBITDA (earnings before interest, taxes, depreciation and amortization), adjusted EBITDA, free cash flow, adjusted net earnings, adjusted earnings per share, adjusted income tax expenses, adjusted effective income tax rate, and adjusted nonsegment expenses are financial measures not prepared and presented in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Management uses EBIT and adjusted EBIT to evaluate Woodward’s operating performance without the impacts of financing and tax related considerations. Management uses EBITDA and adjusted EBITDA in evaluating Woodward’s operating performance, making business decisions, including developing budgets, managing expenditures, forecasting future periods, and evaluating capital structure impacts of various strategic scenarios. Management also uses free cash flow, which is derived from net cash provided by or used in operating activities less payments for property, plant, and equipment in reviewing the financial performance of Woodward’s business segments and evaluating cash generation levels. Securities analysts, investors, and others frequently use EBIT, EBITDA and free cash flow in their evaluation of companies, particularly those with significant property, plant, and equipment, and intangible assets that are subject to amortization. The use of any of these non-U.S. GAAP financial measures is not intended to be considered in isolation of, or as a substitute for, the financial information prepared and presented in accordance with U.S. GAAP. Because adjusted net earnings, adjusted earnings per share, EBIT, EBITDA, adjusted EBIT, and adjusted EBITDA exclude certain financial information compared with net earnings, the most comparable U.S. GAAP financial measure, users of this financial information should consider the information that is excluded. Free cash flow does not necessarily represent funds available for discretionary use and is not necessarily a measure of our ability to fund our cash needs. Management’s calculations of EBIT, EBITDA, adjusted net earnings, adjusted earnings per share, adjusted EBIT, adjusted EBITDA, adjusted effective income tax rate, adjusted nonsegment expenses, and free cash flow may differ from similarly titled measures used by other companies, limiting their usefulness as comparative measures. EBITDA leverage is calculated by taking a rolling twelve-month EBITDA divided by total debt.
2Website, Facebook: Woodward has used, and intends to continue to use, its Investor Relations website and its Facebook page as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
3FY26 Adjusted EPS, Free Cash Flow and Adjusted Effective Tax Rate: Information reconciling our FY26 adjusted EPS, free cash flow and adjusted effective tax rate guidance to the most directly comparable GAAP financial measures on a forward-looking basis is not available without unreasonable effort primarily due to [the unpredictability of the individual components of the most directly comparable GAAP financial measure and the variability of items excluded from each such measure. Such information may have a significant, and potentially unpredictable, impact on our future financial results.
Contact:
Dan Provaznik
Director, Investor Relations
970-498-3849 [email protected]
Woodward (WWD - Free Report) came out with quarterly earnings of $2.27 per share, beating the Zacks Consensus Estimate of $2 per share. This compares to earnings of $1.69 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +13.30%. A quarter ago, it was expected that this maker of cockpit controls and other equipment for the defense and aerospace markets would post earnings of $1.65 per share when it actually produced earnings of $2.17, delivering a surprise of +31.52%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Woodward, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $1.09 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 9.85%. This compares to year-ago revenues of $883.63 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Woodward shares have added about 20.4% since the beginning of the year versus the S&P 500's gain of 4.3%.
What's Next for Woodward?While Woodward has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Woodward was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.09 on $1.04 billion in revenues for the coming quarter and $8.51 on $4.14 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense Equipment is currently in the bottom 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, ATI (ATI - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on April 30.
This maker of steel and specialty metals is expected to post quarterly earnings of $0.88 per share in its upcoming report, which represents a year-over-year change of +22.2%. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level.
ATI's revenues are expected to be $1.19 billion, up 3.7% from the year-ago quarter.
Woodward (WWD - Free Report) reported $1.09 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 23.4%. EPS of $2.27 for the same period compares to $1.69 a year ago.
The reported revenue represents a surprise of +9.85% over the Zacks Consensus Estimate of $992.75 million. With the consensus EPS estimate being $2.00, the EPS surprise was +13.3%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Woodward performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net sales- Aerospace: $703 million versus $652.32 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +25.1% change.Net sales- Industrial: $387 million compared to the $344.55 million average estimate based on two analysts. The reported number represents a change of +20.2% year over year.Segment earnings- Aerospace: $158 million compared to the $147.37 million average estimate based on two analysts.Segment earnings- Industrial: $66 million versus $54.77 million estimated by two analysts on average.View all Key Company Metrics for Woodward here>>>
Shares of Woodward have returned +1.7% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
MotorTrend Presents Roadkill Nights Powered by Dodge is back at M1 Concourse and Woodward Avenue on August 8, 2026 Street-legal drag racing on famed Woodward Avenue in Metro Detroit highlights one of the summer's can't-miss car culture events Dodge Charger Thrill and Drift Rides, Dodge Charger Grudge Race, celebrity appearances and much more part of action-packed event lineup
The 11th edition of MotorTrend Presents Roadkill Nights Powered by Dodge will return to Woodward Avenue in Metro Detroit on Saturday, August 8, 2026. Mark your calendars. Save the date. MotorTrend Presents Roadkill Nights Powered by Dodge returns on Saturday, August 8, 2026.
"What started as a pop-up drag race and car show in the old Pontiac Silverdome parking lot in 2015 has evolved into a must-attend car culture event of the summer, and in 2026 we're redlining Roadkill Nights with more noise, more power and the most immersive fan moments we've ever delivered, with even more still to come," said Matt McAlear, Dodge CEO. "For the 11th year, we're taking street-legal drag racing back to legendary Woodward Avenue, returning to M1 Concourse in Pontiac, and surrounding it all with full-throttle Dodge experiences you have to see, hear and feel in person. This is an event you don't want to miss."
"Pontiac is a prime destination for signature events, and we're thrilled that we've been the host city for Roadkill Nights for over a decade now," said Pontiac Mayor Mike McGuinness. "We're looking forward to being that destination again on Woodward Avenue for this latest and greatest installment of Roadkill Nights action!"
Dodge and MotorTrend will crank up the Roadkill Nights action with fan activities, including:
Dodge Charger Thrill and Drift Rides in SIXPACK gasoline-powered Dodge Charger muscle cars Dodge Charger Grudge Race Dodge vehicles on display, including the all-new Dodge Charger lineup, HEMI®-powered Dodge Durango lineup and more Car show with classic and modern muscle vehicles Exhibition runs Vendor midway Celebrity appearances Food trucks, musical entertainment and much more More details will be announced throughout the summer. For additional details, visit Hotrod.com/roadkill-nights.
MotorTrend
MotorTrend has chronicled the auto industry's past, present, and future since 1949, catering to in-market shoppers and enthusiasts through authoritative, entertaining storytelling, world-class photography, and engaging video presentations. In addition to in-depth coverage of the latest in automotive technology, reporting on breaking news, and features on the biggest personalities, MotorTrend reviews hundreds of new cars every year, leveraging objective testing and the team's extensive expertise. Its renowned MotorTrend Car of the Year, SUV of the Year, and Truck of the Year awards are also internationally recognized as among the most prestigious in the industry. Follow MotorTrend on X, Instagram and Facebook.
Dodge
For 112 years, the Dodge brand has carried on the spirit of brothers John and Horace Dodge. Today, that legacy roars louder than ever in the next-generation lineup of Dodge, America's performance brand.
The next-gen Dodge Charger multi-energy lineup features:
the SIXPACK-powered standard-output (S.O.) 420-horsepower Dodge Charger R/T with standard all-wheel drive and the highest entry-level horsepower of any muscle car the 550-horsepower Dodge Charger Scat Pack, powered by the 3.0L Twin Turbo SIXPACK high-output (H.O.) engine - the most powerful Hurricane engine in production the world's quickest and most powerful muscle car in the all-electric 670-horsepower Dodge Charger Daytona Scat Pack Every Charger comes standard with all-wheel drive and offers two-door coupe or four-door sedan configurations - because with performance comes choice.
The Dodge lineup is also fueled by the fastest American gas-powered SUV ever, the 710-horsepower Dodge Durango SRT Hellcat, powered by the legendary supercharged HEMI V-8 engine, now available in all 50 states. The new Durango SRT Hellcat Jailbreak breaks free from convention with the three-row SUV, unlocking more than 13 million potential customization combinations. The 360-horsepower 5.7-liter Durango GT HEMI AWD remains the most affordable AWD V-8 in the industry.
The purchase of a SIXPACK-powered Charger Scat Pack, Charger Daytona Scat Pack or Durango SRT Hellcat model includes one day of performance driving instruction at Radford Racing School, the official Dodge//SRT high-performance driving school.
Dodge is part of the portfolio of brands offered by leading global automaker and mobility provider Stellantis. For more information regarding Stellantis (NYSE: STLA), please visit www.stellantis.com.
Follow Dodge and company news and video on:
Media website: media.stellantisnorthamerica.com
Dodge brand: dodge.com
Direct Connection: DCPerformance.com
DodgeGarage: dodgegarage.com
Facebook: facebook.com/dodge
Instagram: @dodgeofficial
X: @dodge and @StellantisNA
YouTube: youtube.com/dodge, youtube.com/StellantisNA
On May 20, 2026, Woodward Inc WWD shares rose 3.4% today, with the current price at $356.38. Over the past 52 weeks, the stock has fluctuated between a high of $407.00 and a low of $204.03.
GF Value™ verdict: At $356.38, Woodward Inc is 58.8% overvalued compared to its GF Value™ estimate of $224.49.GF Score™ of 89/100 indicates a strong overall performance relative to peers.Most notable signal: In the last three months, insiders have sold $11.5 million worth of stock, with no buying activity reported. Is WWD Overvalued or Undervalued? Woodward Inc's current price of $356.38 is significantly above the GF Value™ of $224.49, indicating that the stock is overvalued by 58.8%. This suggests a lack of margin of safety for potential investors, as the stock price is not supported by the company's intrinsic value as per GF Value™. The GF Valuation label categorizes Woodward as "Significantly Overvalued," which raises concerns about the stock's future performance if the price does not align with its intrinsic value. As it stands, investors may face considerable risks if they enter at the current price without a clear understanding of the factors that could affect future valuations.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
How Does WWD's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 42.7x 35.9x Forward P/E 38.0x - The current P/E (TTM) ratio of 42.7x is 19% above its 5-year median P/E of 35.9x, indicating that Woodward is trading above its historical valuation metrics. This analysis aligns with the GF Value™ verdict, reinforcing the conclusion that the stock is overvalued based on its historical trading patterns.
What Does WWD's GF Score™ Tell Us? Metric Rating GF Score™ 89/100 Financial Strength 7/10 Profitability 9/10 Growth 10/10 Valuation 3/10 Momentum 6/10 Woodward's GF Score™ of 89/100 suggests a strong overall performance, particularly in areas like Growth (10/10) and Profitability (9/10), indicating the company's ability to generate earnings and expand. However, the Valuation rank of 3/10 highlights a significant weakness, confirming the concerns regarding its current overvaluation. The Financial Strength score of 7/10 indicates that the company is relatively stable, but the strong growth potential may be overshadowed by the high valuation risks.
What Are Insiders Doing with WWD Stock? Insider activity at Woodward Inc has shown a notable trend, with insiders selling a total of $11.5 million worth of shares in the last three months. There has been no reported insider buying during this period. This pattern may suggest a lack of confidence among insiders regarding the stock's current price or future prospects, which could be a red flag for potential investors.
What This Means for Investors Based on the GF Value™ assessment, Woodward Inc WWD is currently overvalued. The significant discrepancy between the current stock price and the intrinsic value suggests that investors may want to exercise caution in their investment decisions.
For the complete analysis, visit the Woodward Inc WWD stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is WWD's GF Score™?
WWD has a GF Score™ of 89/100, indicating a strong overall performance compared to its peers, with a particularly high ranking in growth and profitability.
Is WWD overvalued or undervalued?
WWD is currently overvalued, with a GF Value™ estimate of $224.49 compared to its current price of $356.38, marking a 58.8% overvaluation.
What is WWD's P/E ratio?
WWD's P/E (TTM) ratio is 42.7x, which is significantly higher than its 5-year median P/E of 35.9x, indicating that the stock is trading above its historical valuation levels.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.
In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
Our proprietary system currently recommends Woodward (WWD - Free Report) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this maker of cockpit controls and other equipment for the defense and aerospace markets is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings GrowthEarnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Woodward is 27.8%, investors should actually focus on the projected growth. The company's EPS is expected to grow 35.5% this year, crushing the industry average, which calls for EPS growth of 21.3%.
Impressive Asset Utilization RatioGrowth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. This metric exhibits how efficiently a firm is utilizing its assets to generate sales.
Right now, Woodward has an S/TA ratio of 0.84, which means that the company gets $0.84 in sales for each dollar in assets. Comparing this to the industry average of 0.66, it can be said that the company is more efficient.
While the level of efficiency in generating sales matters a lot, so does the sales growth of a company. And Woodward looks attractive from a sales growth perspective as well. The company's sales are expected to grow 21.2% this year versus the industry average of 9.9%.
Promising Earnings Estimate RevisionsBeyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for Woodward. The Zacks Consensus Estimate for the current year has surged 9.7% over the past month.
Bottom LineWhile the overall earnings estimate revisions have made Woodward a Zacks Rank #2 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that Woodward is a potential outperformer and a solid choice for growth investors.
It has been about a month since the last earnings report for Woodward (WWD - Free Report) . Shares have lost about 2.2% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Woodward due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent catalysts for Woodward, Inc. before we dive into how investors and analysts have reacted as of late.
Woodward's Q2 Earnings Beat Estimates
Woodward reported second-quarter fiscal 2026 adjusted net earnings per share (EPS) of $2.27, which jumped 34.3% year over year and beat the Zacks Consensus Estimate by 13.5%.
Quarterly net sales increased 23.4% year over year to $1090.6 million. The upside was fueled by market tailwinds across Aerospace and Industrial. The top line beat the consensus estimate by 9.9%.
Management highlighted that it is raising its full-year outlook, supported by strong first-half performance and continued demand strength. The company remains focused on disciplined execution in a dynamic environment, while continuing to invest in innovation and operational excellence to drive sustained profitable growth and long-term shareholder value.
WWD’s Segment Results
Aerospace: Net sales were $703 million, up 25% year over year, driven by broad-based strength across commercial services, commercial OEM and defense OEM. Defense OEM and defense services sales were up 9% and 8%, respectively, year over year. Commercial OEM sales were up 30% year over year, while services jumped 36%.
Segmental earnings were $158 million, up from $125 million a year ago. The increase was driven by price realization and higher sales volumes, partially offset by the impact of inflation as well as continued investments in manufacturing capabilities, research and development and the enterprise resource planning system upgrade. Margins expanded 30 basis points (bps) to 22.5%.
Industrial: Net sales totaled $387 million, up 20% year over year, driven by gains across transportation, power generation and oil & gas markets. Core industrial sales, excluding the China on-highway impact, rose 19%.
Transportation sales surged 34%, and oil and gas sales increased 18%. Power generation grew a modest 7%.
Segmental earnings were $66 million, up from $46 million in the year-ago quarter. In the industrial segment, margins increased 270 bps to 17%. The increase was driven by higher sales volumes, effective price realization and a favorable product mix, partially offset by inflationary pressures and a reserve related to a product performance claim.
Other Details
Gross margin was up 180 bps year over year to 29%.
Total costs and expenses were $923.1 million, up 23% year over year.
Adjusted EBITDA was $215.5 million compared with $164 million a year ago.
Cash Flow & Liquidity
As of March 31, 2026, Woodward had $501.2 million in cash and cash equivalents with $453.4 million of long-term debt (less the current portion).
For the quarter ended March 31, 2026, WWD generated $90.8 million of net cash from operating activities compared with $77.8 million reported in the same period last year. For the first half, WWD generated $205.3 million of net cash from operating activities compared with $112.3 million reported a year ago.
For the second quarter, free cash flow was $38.2 million compared with $59.4 million in the year-ago period. This uptick was driven by higher earnings.
Capital expenditures reached $53 million in the second quarter, up from $18 million. The company expects capital spending to rise meaningfully over the remaining two quarters.
In the quarter under review, WWD returned $245 million to its shareholders in the form of $19 million of dividends and $226 million worth of share repurchases.
Fiscal 2026 Guidance
For fiscal 2026, Woodward has raised its overall outlook, reflecting strong performance and improved visibility. The company now expects total sales to grow 20–23%, an increase from the earlier guidance of 14–18%.
At the segment level, Aerospace sales growth is now anticipated at 21–24%, up from the earlier estimated 15–20% range, with segment earnings expected to improve to 23–23.5% of sales compared with 22–23% previously. In the Industrial segment, sales are projected to grow 18–20%, an increase from the prior outlook of 11–14%, while segment earnings are expected to rise to 18–18.5% of sales from the earlier 16–17% range.
The company anticipates adjusted EPS of $9.15–$9.45 versus the prior range of $8.20–$8.60.
Other assumptions remain unchanged — the company still anticipates free cash flow of $300–$350 million, capital expenditures of around $290 million and an adjusted effective tax rate of approximately 22%.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates revision.
The consensus estimate has shifted 13.82% due to these changes.
VGM ScoresAt this time, Woodward has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Woodward has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Kip Woodward will succeed John McLernon after 20 years of service as Company’s Chairman June 10, 2026 09:30 ET | Source: Village Farms International, Inc.
VANCOUVER, British Columbia, June 10, 2026 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced that Christopher “Kip” Woodward has been elected as Chairman of the Company’s Board of Directors for the upcoming year. Mr. Woodward will succeed John McLernon, who has previously served as the Company’s Chairman since 2006 and will remain as a member of the Board of Directors.
Kip Woodward commented, “On behalf of our entire Board of Directors, we’d like to thank John for his 20 years of service as Chairman. John’s leadership has been instrumental in transforming the Company from its roots as a pioneer in North America’s produce industry to becoming a global leader in cannabis and plant-based consumer packaged goods. John remains an invaluable strategic advisor to our entire Board and executive leadership team, and we look forward to his continued contributions.”
John McLernon commented, “It has been a great honor to serve as Chairman of Village Farms Board for the past 20 years. I’m incredibly proud of our collective achievements during my tenure, and believe the Company has a very bright future given our strong financial position, competitive strengths, and the many growth opportunities on our horizon.”
Kip Woodward previously served as Trustee of the Company’s predecessor in Canada, Hot House Growers. Mr. Woodward also serves as Chair or Director of a number of private and public companies as well as charitable institutions. These include Mr. and Mrs. P.A. Woodward’s Foundation, Brentwood College and Second Street.Org. He is currently Vice Chair of Cambie Surgery Corp, and Director of the Great Western Brewery. He is also Honorary Director at the Nature Trust British Columbia, a member of the Provincial Judicial Council of British Columbia, and past Chair of the Vancouver Coastal Health Authority and Providence Health Care.
About Village Farms International, Inc.
Village Farms is a global leader in cannabis, plant-based consumer packaged goods, and sustainable innovation. With a legacy built on decades of Controlled Environment Agriculture expertise and Dutch farming practices, today the Company is one of the world’s largest and most profitable cannabis operators with an asset portfolio that spans over 7 million square feet of advanced greenhouse and indoor cultivation assets.
In Canada, Village Farms operates the world’s largest EU-GMP certified cannabis facility at its production campus in Delta, British Columbia, and exports products to international medical markets. The Company is also a market share leader in dried flower formats and produces and distributes some of the country’s highest quality and best-selling strains, including its flagship Pure Sunfarms Pink Kush, one of the most widely consumed strains on the planet. Village Farms’ Canadian brand portfolio includes Pure Sunfarms, Fraser Valley Weed Co., Soar, Super Toast, Pure Laine, Tam Tams and Promenade.
In the Netherlands, the Company is one of only ten licensed operators in the country’s regulated cannabis program, and in the United States its CBDistillery brand is one of the country’s premier cannabinoid wellness platforms, and it also holds equity interests in cannabis businesses in Australia and Germany. Beyond cannabis, the Company’s Clean Energy division transforms landfill gas into renewable natural gas, and it also holds an equity interest in Verdexa Holdings (formerly Vanguard Food LP), a private venture pursuing strategic acquisitions to build a premier branded food platform in North America.
Zions Bancorporation delivered solid Q1 results, reinforcing its decentralized community banking model and effective balance sheet management. The deposit mix improved as non-interest-bearing balances rose $2 billion, enabling ZION to reduce high-cost funding and support net interest margin stability. Credit quality remains robust, with low NDFI exposure, strong reserves, and manageable risks; October's credit loss appears isolated, not systemic.
Zions Bancorporation (NASDAQ:ZION) reported mixed results for the first quarter on Monday.
The company posted quarterly earnings of $1.56 per share which beat the analyst consensus estimate of $1.42 per share. The company reported quarterly sales of $849.000 million which missed the analyst consensus estimate of $854.612 million.
Zions Bancorp shares closed at $63.05 on Monday.
These analysts made changes to their price targets on Zions Bancorp following earnings announcement.
Baird analyst David George maintained Zions Bancorp with an Outperform rating and raised the price target from $65 to $68. Truist Securities analyst Jennifer Demba maintained the stock with a Hold and raised the price target from $64 to $66. Considering buying ZION stock? Here’s what analysts think:
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Key Takeaways ZION's Q1 EPS of $1.56 beats estimates, rising 38% year over year on higher NII and fee income.NII rose 6% and NIM expanded to 3.27%, driven by lower funding costs and asset mix shift.Credit quality improved with lower charge-offs and a provision benefit, while expenses climbed 4.7%. Zions Bancorporation (ZION - Free Report) reported first-quarter 2026 earnings of $1.56 per share, which beat the Zacks Consensus Estimate of $1.43. Moreover, the bottom line surged 38% from the year-ago quarter.
Results were primarily aided by higher net interest income (NII) and growth in fee-based income. Higher loan and deposit balances, along with a provision benefit, provided additional support. However, a rise in non-interest expenses was a headwind.
Net income attributable to its common shareholders (GAAP) was $232 million, up 37.3% year over year. We had projected the metric to be $205.6 million.
Zions’ Revenues & Expenses RiseNet revenues (taxable-equivalent) were approximately $860 million, up 6.7% year over year. The top line missed the Zacks Consensus Estimate of $862 million.
NII was $662 million, up 6% from the prior-year quarter. The increase was mainly driven by lower funding costs and a favorable mix of earning assets. Net interest margin (NIM) expanded 17 basis points (bps) year over year to 3.27%. Our estimates for NII and NIM were $672.8 million and 3.32%, respectively.
Non-interest income was $187 million, up 9% year over year. The rise was driven by an increase in almost all the components except card fees. We had projected non-interest income to be $170.7 million.
Adjusted non-interest expenses were $558 million, up 4.7% year over year. Our estimate for the metric was $537.9 million.
The adjusted efficiency ratio improved to 65.0% from 66.6% in the prior-year quarter. A decline in the efficiency ratio indicates an increase in profitability.
Zion’s Loans & Deposits IncreaseAs of March 31, 2026, net loans and leases held for investment were $60.6 billion, up marginally from the prior quarter. Total deposits were $76.9 billion, up 1.7% from the prior quarter. Our estimates for net loans and leases held for investment and total deposits were $61.1 billion and $76.3 billion, respectively.
ZION’s Credit Quality ImprovesThe ratio of non-performing assets to total loans and leases and other real estate owned declined to 0.48% from 0.51% in the year-ago quarter.
Net loan and lease charge-offs were $4 million, down significantly from $16 million in the prior-year quarter. In the reported quarter, the company recorded a $7 million benefit from provision for credit losses against a $18 million provision expense in the prior-year quarter.
Strong Capital & Profitability Ratios for ZionsAs of March 31, 2026, the common equity tier 1 (CET1) capital ratio was 11.5%, up from 10.8% in the prior-year quarter. The Tier 1 risk-based capital ratio was 11.6% compared with 10.9% a year ago, while the Tier 1 leverage ratio improved to 9.1% from 8.4% reported at the end of the year-ago quarter.
Return on average assets was 1.05%, up from 0.77% in the year-ago quarter. Return on average tangible common equity was 15.5%, up from 13.4% in the prior-year quarter.
ZION’s Share Repurchase UpdateDuring the quarter, the company repurchased 1.3 million shares for $77 million.
Our Take on ZIONZions’ modest loan growth, improving NII, solid fee income growth and strengthening deposit base are encouraging. However, elevated expenses and significant exposure to commercial loans remain key concerns.
Currently, Zions carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other BanksKeyCorp’s (KEY - Free Report) first-quarter 2026 earnings from continuing operations of 44 cents per share outpaced the Zacks Consensus Estimate of 41 cents. The bottom line reflected a 33.3% rise from the prior-year quarter.
KEY’s results primarily benefited from higher NII and non-interest income. Higher average loan balances, along with lower provisions, were other tailwinds. However, higher expenses hurt the results to some extent.
M&T Bank Corporation (MTB - Free Report) reported first-quarter 2026 net operating earnings per share of $4.18, which beat the Zacks Consensus Estimate of $4.02. The bottom line compared favorably with earnings of $3.38 per share in the year-ago quarter.
Results were aided by higher NII and a rise in non-interest income on a year-over-year basis, along with modest loan growth. However, a decline in deposits, higher provisions for credit losses, and elevated expenses acted as headwinds for MTB.
Zions Bancorporation (ZION) delivered a strong Q1 2026, with 37% year-over-year earnings growth driven by robust loan portfolio expansion and higher net interest income. ZION's growth was fueled by commercial and industrial lending, commercial real estate, and secured loans (HELOCs), alongside a 10% increase in fee-related income. ZION now trades at a 1.31X price-to-book, slightly below regional banking peers USB and PNC.
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.93% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Zions (ZION - Free Report) Zions Bancorporation, National Association, founded in 1873 and headquartered in Salt Lake City, UT, is a diversified financial services firm with a network of over 400 branches. The company operates across 11 western states — Utah, California, Idaho, Arizona, Nevada, Colorado, Texas, New Mexico, Washington, Oregon and Wyoming.
ZION is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 9.81; value investors should take notice.
Eight analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.11 to $6.32 per share. ZION also boasts an average earnings surprise of +17.6%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, ZION should be on investors' short list.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.93% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Zions (ZION - Free Report) Zions Bancorporation, National Association, founded in 1873 and headquartered in Salt Lake City, UT, is a diversified financial services firm with a network of over 400 branches. The company operates across 11 western states — Utah, California, Idaho, Arizona, Nevada, Colorado, Texas, New Mexico, Washington, Oregon and Wyoming.
ZION is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Finance stock. ZION has a Momentum Style Score of A, and shares are up 8.3% over the past four weeks.
For fiscal 2026, 10 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.16 to $6.37 per share. ZION boasts an average earnings surprise of +17.6%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, ZION should be on investors' short list.
Cwm LLC trimmed its position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION – Free Report) by 21.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,629 shares of the bank’s stock after selling 10,147 shares during the period. Cwm LLC’s holdings in Zions Bancorporation, N.A. were worth $2,144,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in ZION. Royal Bank of Canada increased its stake in shares of Zions Bancorporation, N.A. by 76.3% during the first quarter. Royal Bank of Canada now owns 137,434 shares of the bank’s stock worth $6,853,000 after buying an additional 59,483 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Zions Bancorporation, N.A. by 18.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,960 shares of the bank’s stock worth $2,042,000 after buying an additional 6,393 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Zions Bancorporation, N.A. by 0.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 504,860 shares of the bank’s stock worth $25,172,000 after buying an additional 2,659 shares during the period. Focus Partners Wealth increased its stake in shares of Zions Bancorporation, N.A. by 91.7% during the first quarter. Focus Partners Wealth now owns 21,502 shares of the bank’s stock worth $1,072,000 after buying an additional 10,283 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Zions Bancorporation, N.A. by 52.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,816 shares of the bank’s stock worth $94,000 after buying an additional 625 shares during the period. 76.84% of the stock is currently owned by hedge funds and other institutional investors.
Zions Bancorporation, N.A. News Roundup Here are the key news stories impacting Zions Bancorporation, N.A. this week:
Positive Sentiment: Zions’ earnings call was reported to signal durable momentum after the quarter — investors may be reacting to management’s tone on loan growth and margins. Zions Bancorporation Earnings Call Signals Durable Momentum Positive Sentiment: Barclays published a note saying ZION’s stock is expected to rise; analyst endorsement adds to bullish analyst momentum. Zions Bancorporation, N.A. (NASDAQ:ZION) Stock Price Expected to Rise, Barclays Analyst Says Positive Sentiment: DA Davidson reiterated/issued a positive outlook, further supporting buy-side interest. Zions Bancorporation, N.A. (NASDAQ:ZION) Stock Price Expected to Rise, DA Davidson Analyst Says Positive Sentiment: Citigroup forecasted strong price appreciation for ZION, adding another large-bank bull view to the story. Citigroup Forecasts Strong Price Appreciation for Zions Bancorporation, N.A. (NASDAQ:ZION) Stock Positive Sentiment: TD Cowen raised its price target to $65, reflecting improved analyst expectations post-quarter. TD Cowen Boosts Zions Bancorporation, N.A. (NASDAQ:ZION) Price Target to $65.00 Positive Sentiment: Robert W. Baird issued a positive note expecting the shares to rise, contributing to the cluster of upgrade activity. Zions Bancorporation, N.A. (NASDAQ:ZION) Stock Price Expected to Rise, Robert W. Baird Analyst Says Positive Sentiment: JPMorgan published a bullish forecast for ZION’s price appreciation, another large-bank endorsement that can support multiple-target upgrades. JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Zions Bancorporation, N.A. (NASDAQ:ZION) Stock Positive Sentiment: Royal Bank of Canada raised its price target to $68, the highest target in this wave of upgrades, reinforcing upside expectations. Royal Bank Of Canada Raises Zions Bancorporation, N.A. (NASDAQ:ZION) Price Target to $68.00 Positive Sentiment: Zacks highlighted ZION as a top momentum stock for the long term, adding third-party momentum research to the narrative. Why Zions (ZION) is a Top Momentum Stock for the Long-Term Neutral Sentiment: The short-interest data posted for April is internally inconsistent (shows a large increase but records zero shares), so there’s no clear signal that short activity is driving today’s move. Negative Sentiment: Despite the analyst tailwinds and an earnings beat on EPS, the stock is down today on lower-than-average intraday volume — suggestive of profit-taking or rotation rather than a fundamentals-driven selloff. Insider Buying and Selling at Zions Bancorporation, N.A. In other Zions Bancorporation, N.A. news, CEO Harris H. Simmons bought 4,500 shares of the stock in a transaction dated Tuesday, February 24th. The shares were acquired at an average cost of $59.03 per share, for a total transaction of $265,635.00. Following the completion of the transaction, the chief executive officer owned 1,317,493 shares in the company, valued at approximately $77,771,611.79. The trade was a 0.34% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven Dan Stephens sold 15,476 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $65.90, for a total transaction of $1,019,868.40. Following the transaction, the executive vice president owned 41,127 shares in the company, valued at approximately $2,710,269.30. This trade represents a 27.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 55,581 shares of company stock valued at $3,498,774. 1.43% of the stock is owned by company insiders.
Zions Bancorporation, N.A. Stock Performance Shares of Zions Bancorporation, N.A. stock opened at $61.34 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.83 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $9.02 billion, a P/E ratio of 9.54, a P/E/G ratio of 2.16 and a beta of 0.81. The firm’s 50 day moving average is $58.56 and its two-hundred day moving average is $57.24. Zions Bancorporation, N.A. has a 52 week low of $43.64 and a 52 week high of $66.18.
Zions Bancorporation, N.A. (NASDAQ:ZION – Get Free Report) last announced its earnings results on Monday, April 20th. The bank reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.13. The business had revenue of $849.00 million for the quarter, compared to analyst estimates of $853.73 million. Zions Bancorporation, N.A. had a net margin of 19.53% and a return on equity of 13.90%. During the same period last year, the firm posted $1.13 earnings per share. Research analysts forecast that Zions Bancorporation, N.A. will post 6.38 EPS for the current fiscal year.
Zions Bancorporation, N.A. Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 12th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, February 12th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.9%. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is 27.99%.
Analyst Upgrades and Downgrades A number of analysts recently weighed in on ZION shares. JPMorgan Chase & Co. upped their target price on shares of Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday. Robert W. Baird upped their target price on shares of Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday. Royal Bank Of Canada upped their target price on shares of Zions Bancorporation, N.A. from $64.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Evercore increased their price target on shares of Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the company an “in-line” rating in a research note on Thursday, February 5th. Finally, TD Cowen increased their price target on shares of Zions Bancorporation, N.A. from $64.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $64.94.
Check Out Our Latest Stock Analysis on Zions Bancorporation, N.A.
Zions Bancorporation, N.A. Profile (Free Report)
Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.
The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.
Further Reading Five stocks we like better than Zions Bancorporation, N.A.
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SALT LAKE CITY, April 29, 2026 /PRNewswire/ -- Zions Bancorporation today announced the appointment of Mike Selfridge as Executive Vice President and Head of Wealth Management, effective June 1, 2026. Most recently, Mr.
, /PRNewswire/ -- Zions Bancorporation, N.A. (NASDAQ: ZION) announced today that its board of directors ("board") has authorized share repurchases of up to $225 million of the company's common stock for the remainder of 2026, which would bring the full-year share repurchase target to $300 million. The timing and amounts of any such actions will depend on market conditions, regulatory requirements, and other factors or uncertainties and may be updated at the discretion of the board.
The board also declared a regular quarterly dividend of $0.45 per common share, payable May 21, 2026, to shareholders of record at the close of business on May 14, 2026.
Additionally, the board declared the regular quarterly cash dividend on the company's Series A perpetual preferred shares (NASDAQ: ZIONP; CUSIP: 98973A104). The cash dividends on the preferred shares are payable June 15, 2026, to shareholders of record on June 1, 2026.
Zions Bancorporation, N.A. is one of the nation's premier financial services companies with approximately $89 billion of total assets at December 31, 2025, and annual net revenue of $3.4 billion in 2025. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The Bank is a consistent recipient of national and state-wide customer survey awards in small- and middle-market banking, as well as a leader in public finance advisory services and Small Business Administration lending. In addition, Zions is included in the S&P MidCap 400 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be accessed at www.zionsbancorporation.com.
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Based in Salt Lake City, Zions (ZION - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of 8.06%. Currently paying a dividend of $0.45 per share, the company has a dividend yield of 2.85%. In comparison, the Banks - West industry's yield is 2.71%, while the S&P 500's yield is 1.39%.
Looking at dividend growth, the company's current annualized dividend of $1.80 is up 2.3% from last year. Over the last 5 years, Zions has increased its dividend 3 times on a year-over-year basis for an average annual increase of 5.20%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Zions's current payout ratio is 28%, meaning it paid out 28% of its trailing 12-month EPS as dividend.
ZION is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $6.38 per share, representing a year-over-year earnings growth rate of 4.25%.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. However, not all companies offer a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, ZION is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
New facility with California Bank & Trust strengthens capital structure and supports continued growth
, /PRNewswire/ -- Buyerlink, a leading online auction marketplace for performance-based marketing, today announced it has secured a $40 million senior secured credit facility with Zions Bancorporation, N.A., dba California Bank & Trust.
The new credit facility enhances Buyerlink's financial flexibility and strengthens its capital structure, supporting the company's continued growth.
"This financing provides additional balance sheet flexibility and supports our long-term growth strategy," said Payam Zamani, Founder and CEO of One Planet Group, Buyerlink's parent company. "We're pleased to partner with California Bank & Trust as we continue to invest in and strengthen our leadership in the AI-driven ad tech space."
Jaime Keane, SVP, Commercial Banking Group at CB&T commented, "We are impressed with Buyerlink's continued growth, both organically and via strategic acquisitions. We are proud to support the company with a financing solution that aligns with their growth trajectory and operational strength."
Over the past several years, Buyerlink has experienced significant growth to over $125M in revenue while generating industry leading EBITDA through a combination of organic expansion and strategic acquisitions. The company has built a strong presence in the automotive sector, generating more than one million buyer leads monthly, while also serving industries including real estate, home services, insurance, and legal.
Buyerlink is further strengthening its foundation as it accelerates its transformation into an AI-native leader in adtech.
About California Bank & Trust
Headquartered in San Diego, California Bank & Trust (CB&T) has been helping California families and businesses thrive for over 70 years. With local decision-making backed by regional strength, CB&T's knowledgeable bankers provide personalized solutions that go beyond what traditional banks offer. CB&T has earned consistent recognition, including being voted:
"Best Bank" by San Diego Union-Tribune readers for 15 consecutive years "Best Commercial Bank" for 12 years running "Best Bank" in The Orange County Register and Sacramento Bee readership polls CB&T is a division of Zions Bancorporation, N.A. (NASDAQ: ZION) and has been recognized for its excellence in Middle-Market and Small Business banking by Coalition Greenwich Best Bank Awards. CB&T is an Equal Housing Lender. Additional information may be found at calbanktrust.com.
About Buyerlink
Buyerlink is a leading online auction marketplace for performance-based marketing. Conducting millions of auctions monthly, Buyerlink's patented technology allows businesses to access hyper-targeted consumer demand at any scale. Increasingly AI-driven, the platform leverages machine learning to optimize performance and deliver more efficient outcomes for buyers and sellers.
Offering Enhanced Clicks™, qualified leads, inbound calls, transfers, call-verified leads, and pre-set appointments, Buyerlink enables businesses to meet customers where they are. The Buyerlink platform is category-agnostic and currently serves the automotive, home services, home warranty, insurance, legal, real estate, and solar sectors.
Buyerlink is fully owned by One Planet Group, a closely held private equity firm that owns a suite of online technology and media businesses. Spanning a variety of industries including ad tech, publishing, and media, One Planet's mission is to support strong business ideas while building an ethos that helps improve society and gives back to communities.
Buyerlink's global headquarters is located in Walnut Creek, California, with employees in over ten countries. For more information visit buyerink.com.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
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What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
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To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Zions (ZION - Free Report) Zions Bancorporation, National Association, founded in 1873 and headquartered in Salt Lake City, UT, is a diversified financial services firm with a network of more than 400 branches. The company operates across 11 western states: Utah, California, Idaho, Arizona, Nevada, Colorado, Texas, New Mexico, Washington, Oregon and Wyoming.
ZION is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 9.45; value investors should take notice.
11 analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.23 to $6.44 per share. ZION also boasts an average earnings surprise of +17.6%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, ZION should be on investors' short list.
A month has gone by since the last earnings report for Zions (ZION - Free Report) . Shares have lost about 2.9% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Zions due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Zions Q1 Earnings Beat on Higher NII & Fee Income, Provision BenefitZions reported first-quarter 2026 earnings of $1.56 per share, which beat the Zacks Consensus Estimate of $1.43. Moreover, the bottom line surged 38% from the year-ago quarter.
Results were primarily aided by higher NII and growth in fee-based income. Higher loan and deposit balances, along with a provision benefit, provided additional support. However, a rise in non-interest expenses was a headwind.
Net income attributable to its common shareholders (GAAP) was $232 million, up 37.3% year over year. We had projected the metric to be $205.6 million.
Revenues & Expenses RiseNet revenues (taxable-equivalent) were approximately $860 million, up 6.7% year over year. The top line missed the Zacks Consensus Estimate of $862 million.
NII was $662 million, up 6% from the prior-year quarter. The increase was mainly driven by lower funding costs and a favorable mix of earning assets. NIM expanded 17 basis points (bps) year over year to 3.27%. Our estimates for NII and NIM were $672.8 million and 3.32%, respectively.
Non-interest income was $187 million, up 9% year over year. The rise was driven by an increase in almost all the components except card fees. We had projected non-interest income to be $170.7 million.
Adjusted non-interest expenses were $558 million, up 4.7% year over year. Our estimate for the metric was $537.9 million.
The adjusted efficiency ratio improved to 65.0% from 66.6% in the prior-year quarter. A decline in the efficiency ratio indicates an increase in profitability.
Loans & Deposits IncreaseAs of March 31, 2026, net loans and leases held for investment were $60.6 billion, up marginally from the prior quarter. Total deposits were $76.9 billion, up 1.7% from the prior quarter. Our estimates for net loans and leases held for investment and total deposits were $61.1 billion and $76.3 billion, respectively.
Credit Quality ImprovesThe ratio of non-performing assets to total loans and leases and other real estate owned declined to 0.48% from 0.51% in the year-ago quarter.
Net loan and lease charge-offs were $4 million, down significantly from $16 million in the prior-year quarter. In the reported quarter, the company recorded a $7 million benefit from provision for credit losses against a $18 million provision expense in the prior-year quarter.
Strong Capital & Profitability RatiosAs of March 31, 2026, the common equity tier 1 (CET1) capital ratio was 11.5%, up from 10.8% in the prior-year quarter. The Tier 1 risk-based capital ratio was 11.6% compared with 10.9% a year ago, while the Tier 1 leverage ratio improved to 9.1% from 8.4% reported at the end of the year-ago quarter.
Return on average assets was 1.05%, up from 0.77% in the year-ago quarter. Return on average tangible common equity was 15.5%, up from 13.4% in the prior-year quarter.
Share Repurchase UpdateDuring the quarter, the company repurchased 1.3 million shares for $77 million.
First Quarter 2027 OutlookPeriod-end loan balances are expected to increase moderately on a year-over-year basis. The growth will be driven by an increase in commercial loans (mainly commercial & industrial (C&I) and owner-occupied) and commercial real estate loans, while consumer loans are expected to decline marginaly. Further, management expects commercial real estate classified balances to continue to decline due to payoffs and upgrades.
NII is expected to witness a moderate year-over-year increase, primarily driven by earning asset remix, loan and deposit growth, and fixed-rate asset repricing.
Customer-related adjusted non-interest income is anticipated to rise moderately from the prior year, driven by increased customer activity and new client acquisition, with capital markets contributing in an outsized way, as well as higher loan-related fees.
Adjusted non-interest expenses are projected to witness a moderate increase year over year. Technology costs, increased marketing expenses and continued investments in revenue-generating businesses are expected to put pressure on non-interest expenses.
Management expects to have positive operating leverage.
How Have Estimates Been Moving Since Then?It turns out, fresh estimates flatlined during the past month.
VGM ScoresAt this time, Zions has a average Growth Score of C, however its Momentum Score is doing a bit better with a B. Following the exact same course, the stock was allocated a grade of B on the value side, putting it in the second quintile for value investors.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook Zions has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
, /PRNewswire/ -- Scott McLean, President and COO of Zions Bancorporation, N.A. (NASDAQ: ZION), will present at the Morgan Stanley US Financials Conference on Tuesday, June 9th at 4:45 pm Eastern. An audio webcast of the session may be accessed on the Zions Bancorporation website, www.zionsbancorporation.com. A replay will also be made available following the event.
Zions Bancorporation, N.A. is one of the nation's premier financial services companies with approximately $89 billion of total assets at December 31, 2025, and annual net revenue of $3.4 billion in 2025. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The Bank is a consistent recipient of national and state-wide customer survey awards in small- and middle-market banking, as well as a leader in public finance advisory services and Small Business Administration lending. In addition, Zions is included in the S&P MidCap 400 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be accessed at www.zionsbancorporation.com.
ZIONS BANCORPORATION TO PRESENT AT THE MORGAN STANLEY US FINANCIALS CONFERENCE PR Newswire
SALT LAKE CITY, May 27, 2026
, /PRNewswire/ -- Scott McLean, President and COO of Zions Bancorporation, N.A. (NASDAQ: ZION), will present at the Morgan Stanley US Financials Conference on Tuesday, June 9th at 4:45 pm Eastern. An audio webcast of the session may be accessed on the Zions Bancorporation website, www.zionsbancorporation.com. A replay will also be made available following the event.
Zions Bancorporation, N.A. is one of the nation's premier financial services companies with approximately $89 billion of total assets at December 31, 2025, and annual net revenue of $3.4 billion in 2025. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The Bank is a consistent recipient of national and state-wide customer survey awards in small- and middle-market banking, as well as a leader in public finance advisory services and Small Business Administration lending. In addition, Zions is included in the S&P MidCap 400 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be accessed at www.zionsbancorporation.com.
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Zions (ZION - Free Report) Zions Bancorporation, National Association, founded in 1873 and headquartered in Salt Lake City, UT, is a diversified financial services firm with a network of more than 400 branches. The company operates across 11 western states: Utah, California, Idaho, Arizona, Nevada, Colorado, Texas, New Mexico, Washington, Oregon and Wyoming.
ZION is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 9.67; value investors should take notice.
11 analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.23 to $6.44 per share. ZION also boasts an average earnings surprise of +17.6%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, ZION should be on investors' short list.
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Based in Salt Lake City, Zions (ZION - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of 7.7%. The financial holding company is currently shelling out a dividend of $0.45 per share, with a dividend yield of 2.85%. This compares to the Banks - West industry's yield of 2.68% and the S&P 500's yield of 1.44%.
Looking at dividend growth, the company's current annualized dividend of $1.80 is up 2.3% from last year. Over the last 5 years, Zions has increased its dividend 3 times on a year-over-year basis for an average annual increase of 5.20%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Zions's current payout ratio is 28%, meaning it paid out 28% of its trailing 12-month EPS as dividend.
ZION is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $6.44 per share, representing a year-over-year earnings growth rate of 5.23%.
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. But, not every company offers a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, ZION is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
U.S. utility Xcel Energy on Thursday narrowly beat adjusted profit estimates for the first quarter, as higher recovery of electric infrastructure investments and stronger sales helped offset warm weather and higher financing costs.
Xcel Energy (XEL - Free Report) came out with quarterly earnings of $0.91 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.84 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +0.44%. A quarter ago, it was expected that this utility would post earnings of $0.97 per share when it actually produced earnings of $0.96, delivering a surprise of -1.03%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Xcel, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $4.02 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 4.34%. This compares to year-ago revenues of $3.91 billion. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Xcel shares have added about 6.7% since the beginning of the year versus the S&P 500's gain of 4.2%.
What's Next for Xcel?While Xcel has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Xcel was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.74 on $3.62 billion in revenues for the coming quarter and $4.11 on $15.91 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Fortis (FTS - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 6.
This electric and gas utility is expected to post quarterly earnings of $0.70 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 1.2% higher over the last 30 days to the current level.
Fortis' revenues are expected to be $2.44 billion, up 5.1% from the year-ago quarter.
