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The XRP Ledger is showing a sharp rise in activity. Data from XRPScan indicates 25.7K active accounts on October 21, up approximately 12% in a single day. The 30-day average is 18.6K, so this is a clear jump above normal levels.

Are They Really New Users?Only 4.5K new accounts were created, a 35.6% increase. That means most of the 25,000 active accounts already existed. Many are probably older wallets that have become active again. The jump looks more like returning users than a flood of newcomers. Still, a rise in both new and returning accounts is a healthy signal for the network.

Source: XRP Ledger Other numbers support the picture. Transactions rose 55.9% to 3.5M, and successful transactions grew 67.8% to 2.9M. Transactions per ledger climbed 61.5% to 179.34, which indicates the ledger is handling more load. XRP burned as fees went up 20% to 747.6 XRP. More activity means more fees are destroyed, which slightly reduces supply.

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Not every metric is positive. Payments fell 4.4% to 741.9K, and payment volume dropped 49.6% to 350.9M XRP. Active users, a separate measure, fell 50% to 85.2K. This indicates the added activity is not necessarily coming from large payments. It may also come from smaller transactions, token activity, or bot-like behavior. The all-time high for active accounts is 106K, so the network is still far from its peak.

What the Price Chart SaysXRP trades near $1.33, after a daily range between $1.32 and $1.37. The price sits just below a key long-term average near $1.37 to $1.40, which has acted as resistance. Support is around $1.25, where the price bounced earlier this month.

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The RSI is below the midpoint, which indicates weak momentum for now. Volume has also been low in recent weeks. If account activity remains high for several days, it may signal real growth.

A move above $1.40 would be the first sign that price is following the network data. A drop below $1.25 would weaken the outlook. For now, the XRP Ledger is busier, but the price has not reacted yet.

BDF Gestion trimmed its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 22.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,778 shares of the social networking company’s stock after selling 9,569 shares during the quarter. Meta Platforms accounts for 3.3% of BDF Gestion’s portfolio, making the stock its 6th largest position. BDF Gestion’s holdings in Meta Platforms were worth $23,770,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Horizons Wealth Management bought a new stake in Meta Platforms in the 3rd quarter valued at $33,000. Advantage Trust Co acquired a new position in shares of Meta Platforms in the 2nd quarter valued at $28,000. Philadelphia Investment Partners LLC acquired a new position in shares of Meta Platforms in the 2nd quarter valued at $32,000. Axiom Investment Management LLC bought a new position in shares of Meta Platforms during the 1st quarter worth about $36,000. Finally, Schuylkill Financial LLC bought a new position in shares of Meta Platforms during the 2nd quarter worth about $36,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms News Roundup Here are the key news stories impacting Meta Platforms this week:

Positive Sentiment: Revenue and earnings exceeded expectations. Meta reported record quarterly revenue of approximately $64.6 billion, up 26% year over year and above the roughly $63.3 billion consensus estimate. Earnings of $7.40 per share also surpassed analyst expectations near $6.54. The results highlighted continued strength in advertising volume, pricing and monetization. Meta Platforms Tops Q3 Earnings and Revenue Estimates Positive Sentiment: Muse is gaining meaningful traction. Meta said its AI assistant Muse has more than 10 million users, with shopping among the leading activities. Investors see the product as a potential way to increase engagement, improve recommendations and generate additional advertising and commerce revenue across Meta’s roughly 3.5 billion-user ecosystem. Meta Says Muse Has Over 10M Users Positive Sentiment: Analysts view the core business and AI returns favorably. Commentary following the report cited strong ad efficiency, higher engagement and healthy adjusted operating margins, supporting bullish views that Meta’s AI investments are beginning to contribute to the advertising business. Meta Q3 Strong Growth Makes This a Strong Buy Neutral Sentiment: Meta is expanding AI funding while trying to manage cash pressure. Third-quarter capital expenditures reached about $34.9 billion, and the company raised the low end of its annual spending outlook. A new nonvoting Class C share is intended to help fund the AI buildout without reducing Mark Zuckerberg’s voting control, but it introduces potential dilution and reinforces concerns about heavy future investment. Meta to Issue New Class of Shares Negative Sentiment: Legal liabilities remain a major overhang. A $9.9 billion charge tied to a teen social-media lawsuit weighed on reported profit, while a New Mexico court ordered Meta to pay $25 billion in a separate privacy case. Meta plans to appeal, but the judgment increases regulatory, financial and reputational risks. Meta Ordered to Pay $25 Billion to New Mexico Negative Sentiment: AI profitability is not yet established. Zuckerberg said Muse carries very high computing costs, and Reality Labs could lose approximately $15 billion next year. These losses may limit free cash flow and keep investors sensitive to whether AI growth ultimately produces returns exceeding the cost of the buildout. Meta CEO Says Muse and Reality Labs Are Unprofitable Negative Sentiment: Insider selling added a modest cautionary signal. COO Javier Olivan sold shares under a pre-arranged Rule 10b5-1 plan. Because the transactions were scheduled in advance, they are not necessarily a judgment on Meta’s outlook, but they reduce his direct ownership. SEC Insider Ownership Filing Insiders Place Their Bets In other news, COO Javier Olivan sold 946 shares of Meta Platforms stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $707.20, for a total value of $669,011.20. Following the completion of the transaction, the chief operating officer owned 5,986 shares in the company, valued at approximately $4,233,299.20. The trade was a 13.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Zuckerberg sold 27,474 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $777.44, for a total value of $21,359,386.56. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 149,906 shares of company stock valued at $102,347,409. 13.53% of the stock is currently owned by insiders. Analyst Ratings Changes Several brokerages have recently weighed in on META. Weiss Ratings upgraded shares of Meta Platforms from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Citic Securities lowered their target price on shares of Meta Platforms from $770.00 to $718.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. DZ Bank reissued a “buy” rating on shares of Meta Platforms in a research report on Thursday, July 30th. Monness Crespi & Hardt increased their price target on shares of Meta Platforms from $730.00 to $830.00 and gave the stock a “buy” rating in a research report on Monday, September 28th. Finally, Pivotal Research lifted their price objective on Meta Platforms from $790.00 to $930.00 and gave the company a “buy” rating in a report on Tuesday, October 13th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus target price of $811.24.

View Our Latest Analysis on META

Meta Platforms Stock Up 0.5% META opened at $697.52 on Thursday. The firm’s 50-day simple moving average is $662.27 and its 200-day simple moving average is $629.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $779.82. The firm has a market cap of $1.78 trillion, a price-to-earnings ratio of 26.27, a PEG ratio of 1.28 and a beta of 1.19.

Meta Platforms (NASDAQ:META – Get Free Report) last announced its earnings results on Wednesday, October 21st. The social networking company reported $7.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.54 by $0.86. Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The business had revenue of $64.60 billion during the quarter, compared to analysts’ expectations of $63.34 billion. During the same quarter last year, the company posted $7.25 EPS. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. Equities research analysts anticipate that Meta Platforms, Inc. will post 27.32 EPS for the current fiscal year.

Meta Platforms Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Monday, September 21st were paid a dividend of $0.5250 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 21st. Meta Platforms’s dividend payout ratio is currently 7.91%.

About Meta Platforms (Free Report)

Meta Platforms, Inc is a technology company that develops social networking, messaging, virtual and augmented reality, and artificial intelligence products. The company’s principal platforms include Facebook, Instagram, Messenger, WhatsApp, and Threads, which enable users to connect, communicate, share content, and discover products and services.

Meta also operates Reality Labs, its division focused on virtual, augmented, and mixed reality technologies. Reality Labs develops products such as Meta Quest virtual reality headsets and related software and experiences, along with research and hardware intended to support immersive computing.

Featured Stories Five stocks we like better than Meta Platforms GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall? Intercepting Growth: Karman Secures $218M Lockheed Martin Deal Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).

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After hovering between $2.3K and $2.4K, Ethereum [ETH] finally broke out of the range, climbing to $2,526.

However, the altcoin soon retraced below $2.5K. At press time, Ethereum traded around $2,435, down 0.16% on the daily charts.

Whales continued accumulating through the volatility, but their activity had yet to translate into stronger price momentum.

Can Ethereum whales help reclaim $2.5K? As Ethereum [ETH] struggled to hold $2.5K, whales stepped up on both the buy and sell sides. The Whale Behaviour Shift showed increased accumulation, with 133 whales adding over 426K ETH.

Source: Swiss Intelligence Lookonchain highlighted three whales withdrawing Ethereum from exchanges.

One withdrew 10,954 ETH worth $26.97 million from Kraken and staked it after four months of inactivity. Another withdrew 9,000 ETH worth $22.42 million from Binance and deposited it into Aave.

A third withdrew 4,500 ETH worth $11.29 million from Binance. Together, these withdrawals totaled 24,454 ETH, valued at $60.68 million.

Source: Arkham These moves suggested some large holders preferred staking, lending, or holding Ethereum away from exchanges despite market volatility. Still, those choices alone could not establish expectations of an imminent rally.

Exchange activity echoed that shift. Over 12 hours, outflows exceeded $365 million, pushing Netflow to approximately -$30 million.

Source: CoinGlass That reversed the preceding 24-hour period, when inflows outpaced outflows and Netflow reached $21 million.

Fewer coins on exchanges could ease immediate selling pressure. Even so, Ethereum’s price had yet to reflect that potential support.

Why does Ethereum’s momentum remain bearish? Although some whales increased their holdings, sellers retained the upper hand in Ethereum’s momentum indicators. The Relative Strength Index (RSI) stood at 42, below the neutral 50 level, indicating bearish momentum.

Source: TradingView Likewise, the Positive Directional Indicator (+DI) hovered around 17. The Negative Directional Indicator (-DI) remained above it, reinforcing the bearish reading.

Together, these indicators suggested whale accumulation had yet to overcome broader selling pressure. They did not identify which holders were selling.

If that momentum persists, Ethereum could revisit $2.3K. However, stronger demand following the whale accumulation could help Ethereum reclaim $2.5K, potentially bringing $2.7K into view.

For now, the indicators offered limited support for that recovery.

Bitcoin price hovered near $81,800 after falling below $82,000, as forced liquidations erased gains from a brief rally. The overall value of cryptocurrencies fell to around $2.74 trillion as the market dipped 1.21% in 24 hours of selling.

Ethereum hovered at around $2400, while XRP dipped to $1.30, a trend seen throughout the market’s top assets. Liquidations on bitcoin surged 80% in 24 hours to $119.1 million, while funding rates indicated that leveraged bitcoin positions unwinded.

US and Israel Weigh New Iran Strikes After November Midterms The U.S. and Israel are said to be considering “options” for a new strike on Iran following the midterm elections in November. But President Donald Trump has not signed off on the planned operation, and could yet change his mind.

BREAKING: Bitcoin falls below $83,000 and Ethereum below $2,500 as growing signs point to renewed U.S.-Israeli strikes on Iran. https://t.co/yWuL1rNmrM

— Crypto Rover (@cryptorover) October 22, 2026

Targets might include nuclear facilities, energy plants, and Iranian missile and drone bases, the reports said. Military preparations have been ongoing, and officials are mulling on whether additional strikes would force Tehran to make concessions. Iranian officials have threatened that if the attacks were repeated, then there could be a response throughout the region.

Bitcoin ETFs Attract $528 Million as BlackRock Leads Inflows Data from SoSoValue shows that $528 million flowed into U.S. spot Bitcoin ETFs on October 21. BlackRock’s IBIT was the top-performing Bitcoin fund, accounting for the highest daily inflows, with $235 million.

U.S. Bitcoin ETFs Draw $528 Million, Ether ETFs Add $15 Million

According to SoSoValue, U.S. spot Bitcoin ETFs recorded $528 million in net inflows on October 21, led by BlackRock’s IBIT with $235 million. Spot Ethereum ETFs attracted $14.96 million, with Grayscale’s Ethereum Mini Trust (ETH) posting the largest inflow at $28.07 million. BlackRock is the world’s largest asset manager, while Grayscale is a leading crypto-focused asset manager.

— Wu Blockchain (@WuBlockchain) October 22, 2026

Overall, spot Ethereum ETFs have accumulated $14.96 million in inflows, with Grayscale’s Ethereum Mini Trust seeing the biggest inflow of all. The trust, whose ticker is ETH, saw $28.07 million coming in, more than the total net inflows of all the Ethereum funds.

Bitcoin Price Prediction: Will BTC Hold $80,500 or Fall Toward $78,000? At the time of writing, the BTC price stood at $81,760.79 on the supplied four-hour chart. 

Bitcoin had fallen below $82,000 following its last recovery which failed to break the $85,000 resistance level.

The relative strength index (RSI) showed that decline, dropping to 43.41. The indicator is below the 50 midpoint and below the average shown for it of 55.64. 

The MACD line was at -231.22, while the signal line was at -315.76. It was displaying a bearish crossover with a negative histogram of minus 84.54. Both lines were positive, but a negative histogram indicated that the current upward trend was losing strength.

BTC/USDT 4-hour chart: TradingView That is the closest support zone on the chart, having repeated rebounds around $80,500. The potential for a move closer to the $78,000 level may be increased if the 4-hour chart trades below this support.

However, holding $80,500 would keep a rebound toward the nearby $82,000 level possible, per the future Bitcoin outlook. It would take a recovery to over $82,000 for the recent selling pressure to be meaningfully reduced. If a break above $83.5k is sustained, the next marked resistance is $85k.

Elon Musk compared training Optimus to raising a toddler.

Riccardo De Luca/Anadolu via Getty Images

Tesla is sending its Optimus humanoid robot back to school.

Speaking on the company's earnings call on Wednesday, CEO Elon Musk compared training the EV maker's humanoid robot to raising a toddler.

Musk said that while Tesla's autonomous driving models can learn from data collected by its massive fleet of vehicles, its Optimus robot has to learn by watching people do tasks and practicing them itself, a process similar to how humans learn.

"You can see this when you have a toddler, and they initially are sort of wobbly, and they don't know how to do things, and eventually, they learn to wipe their own ass, which is a big milestone," Musk told investors.

"They learn to read and do all sorts of things, and they learn this by playing. And we actually need Optimus to play at scale in order to have it be really good at tasks in the real world," Musk said.

Musk said Tesla expects to begin delivering Optimus to consumers by the end of 2027. 

Bloomberg/Getty Images

The Tesla CEO added that the company was building out an "Optimus Academy" where prototypes can practice a wide range of tasks and generate training data to teach future versions of Optimus.

"For Optimus to get the training data we need, we actually need to make a lot of Optimi. So we need to make, I think, on the order of 10,000 or 20,000 bots and then have them do self-play," said Musk.

Tesla said on Wednesday that it had begun production of Optimus at its Fremont factory, with Musk saying the company expects to begin delivering Optimus to customers by the end of next year.

The near-trillionaire cautioned that production would be "somewhat bumpy" and that development of the humanoid robot still has some way to go.

He listed the challenges of designing durable yet responsive robotic hands, as well as AI capable of handling open-ended tasks, among the main hurdles Tesla faces.

Tesla is not alone in setting up robot academies to provide training data for humanoid robots.

Unlike large language models like ChatGPT, which were trained on the vast corpus of text data available on the internet, robotics faces a shortage of real-world training data to teach humanoids to navigate the physical world.

Other startups, such as Texas-based Apptronik, have also set up "data factories" where robots load conveyor belts and sort objects to generate training data to combat the data shortage.

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Behind a wire fence lies a vast gaping wound of earth. Before Google’s arrival a few months ago, an estimated quarter of a million trees occupied the 330 hectares (815 acres) of forest near the town of Muhos in rural northern Finland. Now they are all gone.

After the tech company illegally stripped the entire area to build a datacentre – taking even the top soil with it – all that remains is a vast expanse of mud indented with the trail marks of machinery, puddles and mounds of earth, roots and branches. Residents say that brown water flowing off the site is going into a stream that feeds the Oulujoki River.

“It doesn’t end. It goes on and on,” says Mari Annala, an ecologist from the Finnish Association for Nature Conservation (SLL), looking at drone footage of the former forest from the perimeter.

Mari Annala is a Finnish environmental expert, researcher and board member of the Oulu region district of the Finnish Association for Nature Conservation. Photograph: Jarno Artika/The GuardianWith 145 new datacentres at various stages of planning, Finland has found itself at the forefront of the tech companies’ latest push. As well as its relative geopolitical and geological stability and abundance of land, the cool climate makes it especially attractive for saving on energy costs.

Earlier this month, Google was ordered by the Finnish Licensing and Supervision Authority (LVV) to temporarily stop work on Muhos and another site about 100km south-east in the village of Otanmäki after it failed to complete the necessary environmental impact assessments before clearcutting the land. The news has prompted widespread outcry and a national reckoning over what role, if any, the country should play in the global rush to build datacentres to keep up with rapid AI development.

Last week, Google’s Finland country manager, Antti Järvinen, apologised for the forest clearings but claimed the company had acted “on the best understanding we had of the legislation at the time”.

In the northern Finnish town of Muhos, the forest has already been cut down on land acquired by Google, with excavators now clearing the ground and rumbling trucks shuttling back and forth to the construction area located next to major power lines. Photograph: Alessandro Rampazzo/AFP/Getty ImagesMuhos and Otanmäki are part of a €13bn AI infrastructure project by Google that has attracted criticism from Donald Trump, who would rather the centres were built in the US and has publicly called for the company to reconsider. It is the biggest ever project of its kind in the Nordic country.

The Finnish government, which has presided over deep spending cuts, has encouraged the investment. Last month, when the Google plans were announced, the country’s prime minister, Petteri Orpo, said attracting investment was a “top priority” and “the value of the data economy extends far beyond direct investment”. He said the Google deal would “deliver lasting benefits for both parties”.

But the revelations over Google’s misconduct have prompted public concern over what these deals mean for nearby communities, energy prices for Finnish households and Finland’s natural environment, a national source of pride. The datacentre push is likely to become a key election issue when Finns go to the polls in April.

Google’s clearcut area is 3km long and 2km wide, 330 hectares in total, and 400 metres from the Oulujoki River. Photograph: Jarno Artika/The GuardianIn addition to the 250,000 trees felled at Muhos, Annala estimates that an additional 150,000 trees were felled at Otanmäki. Because the trees have been felled illegally, she says wood from the two sites cannot be sold to wood-processing plants.

The move has also prompted questions over why Finland’s renewable energy sources are being used to power international corporations.

More than 93,000 people have signed a petition demanding more datacentre regulation and a fee to compensate local communities for environmental damage. Since the scandal broke, Orpo has described what happened in Muhos as a “cold shower”.

Hanna Halmeenpää, chair of SLL’s board, said she had been incredulous when she discovered Google’s law breaking. “At first I couldn’t believe it,” she said. “I have never heard that any company has done anything like this in Finland.” She said the system depended a lot on trust, which she believes Google took advantage of. “They bought the vast land area and they just started to cut it, just like that,” she said. “It’s pure arrogance and it’s amazing.”

Three electrical pylons next to the Google clearcut. Photograph: Jarno Artika/The GuardianThe speed of developments had shocked the country, she said. “Many people are just watching the news and asking each other: ‘What’s happening now? What can we do about it? And do we have to take all these datacentre projects in Finland?’”

Jussi Kangasharju, head of computer science at the University of Helsinki, said that while datacentres brought a limited number of jobs, potentially boosting the local economy, the benefits on a national level were minimal. “Really, for Finland, there are no benefits,” he said. “They are international companies serving international customers. Very little corporate taxes go to Finland. Datacentres ultimately have very little benefit for others except the datacentre operator.”

Hanna Halmeenpää, chair of the board of the Finnish Association for Nature Conservation, near the site where Google’s new datacentre is to be built in Muhos. Photograph: Alessandro Rampazzo/AFP/Getty ImagesWith legislation still playing catchup, there is a rush to get projects under way as fast as possible.

Some are calling for a centralised body to coordinate datacentre projects, rather than leaving so much of the decision-making down to municipalities that are likely to prioritise the immediate needs of the local area.

In Muhos and Otanmäki, there are people who support the projects, along with the jobs and land taxes they will bring into the local area. But many believe they have been sold short by municipalities.

Google has illegally stripped the entire area, removing even the top soil. Photograph: Jarno Artika/The GuardianAntti Jakonen, who lives in Muhos, said that, although the trees felled represented a small fraction of Finland’s overall forests, he objected to the manner in which it had been carried out. “It has been done in the wrong way. American style. No sense. No sense at all,” he said. The former entrepreneur and fisher wants Google to compensate by helping to restore the local salmon population destroyed decades ago by hydropower.

In Otanmäki, the disruption to nature and to residents’ daily lives is being vividly felt. When the trees were felled, the wolves who had lived there came to the village, said Anni Ranta, 53, whose family has lived there for generations.

Pentti Korhonen, a wilderness guide, has lived in Otanmäki for 12 years. Photograph: Jarno Artika/The GuardianA former mining village, the area is known for its rare earth elements. Ranta’s family live at the centre of the village next to a triangular church spire and a former bar that has been empty for years. The peaceful forest used to extend for miles from the village. Now the sound of building work next to the clearcut Google site reverberates.

“We had wolves coming into the village because all the wild animals moved out of the forest,” said Ranta. “They fled. What worries me about the datacentres is also the noise because this is hardrock soil. Even when we are standing here talking,” she added, stamping her feet, “it’s like a drum.”

Such is her strength of feeling against the arrival of Google that she is thinking of moving out. She also fears the datacentre could make the village a target for Russia, with whom Finland shares a long border. “I don’t want them here,” she said of Google. “I don’t want them in Finland at all. I don’t like the whole idea of AI and the world changing and the way it’s changing. It’s going too fast, too soon.”

Vesa Hyyryläinen, a biologist, drives past the construction area next to the Google clearcuts in Otanmäki. Photograph: Jarno Artika/The GuardianHer father, Pentti Korhonen, a retired wilderness guide, said that since the forest was destroyed, the water in the stream has turned brown. “There is no need at all for datacentres in Finland. No need for datacentres at all,” he said.

Vesa Hyyryläinen, chair of the local SLL district, said three-toed woodpeckers nesting in the forest had been pushed out. “All of us nature conservationists are very worried about our Finnish political situation and politics,” said the biologist and osprey expert. “I wonder why we have to sacrifice so much of our nature. They give everything away too easily.”

He said, however, that he understood why authorities were trying to bring in new sources of investment and jobs, given the region’s ageing population. “Young people go to Helsinki and Berlin and Paris,” he said. “There are so few people. We have to sacrifice.”

Hyyryläinen said: ‘I wonder why we have to sacrifice so much of our nature. They give everything away too easily.’ Photograph: Jarno Artika/The GuardianVeli-Matti Uski, director general of the ministry of environment, said the government was “monitoring the general development of the [datacentre] sector, [and the] application of its legislation, and is prepared to propose legislative amendments as necessary”.

Google said it was working to protect water quality at the Muhos site, and that it planned to plant trees across 130 hectares there. Conservationists say that figure is too low to have any real impact in comparison to the damage done by the tree felling.

A spokesperson said: “We have operated in Finland for 15 years and have always worked to meet or exceed zoning, environmental, health and safety requirements.

“After receiving the LVV letters on 6 October, we stopped preparatory works at Muhos and Kajaani [where the Otanmäki site is located] and have submitted a formal response to LVV confirming this.

“We will fully comply with LVV’s requests in this matter. We look forward to maintaining an active, open dialogue with all authorities to strengthen our partnership with Finland and local organisations.”

Balanced Rock Investment Advisors LLC bought a new stake in Microsoft Corporation (NASDAQ:MSFT – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,637 shares of the software giant’s stock, valued at approximately $611,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Microsoft by 4.0% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 229,490 shares of the software giant’s stock valued at $85,604,000 after buying an additional 8,773 shares during the period. D.B. Root & Company LLC bought a new position in shares of Microsoft during the 2nd quarter worth approximately $3,652,000. Markel Group Inc. grew its position in shares of Microsoft by 0.4% during the 1st quarter. Markel Group Inc. now owns 537,630 shares of the software giant’s stock worth $199,014,000 after buying an additional 1,950 shares during the period. Bessemer Group Inc. grew its position in shares of Microsoft by 8.4% during the 1st quarter. Bessemer Group Inc. now owns 6,921,677 shares of the software giant’s stock worth $2,562,197,000 after buying an additional 537,634 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Microsoft by 138.8% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,356,359 shares of the software giant’s stock worth $502,077,000 after buying an additional 788,297 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance NASDAQ MSFT opened at $532.95 on Thursday. The company has a fifty day simple moving average of $507.45 and a 200 day simple moving average of $444.58. Microsoft Corporation has a 12-month low of $349.20 and a 12-month high of $553.72. The company has a current ratio of 1.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.07. The company has a market cap of $3.96 trillion, a P/E ratio of 29.67, a PEG ratio of 1.71 and a beta of 1.10.

Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The software giant reported $4.74 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.50. Microsoft had a net margin of 40.31% and a return on equity of 31.98%. The business had revenue of $90.01 billion during the quarter, compared to analyst estimates of $87.62 billion. During the same quarter in the previous year, the business posted $3.65 EPS. Microsoft’s quarterly revenue was up 17.7% on a year-over-year basis. Sell-side analysts predict that Microsoft Corporation will post 19.65 earnings per share for the current fiscal year. Microsoft Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be issued a dividend of $0.98 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.91. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, November 19th. Microsoft’s dividend payout ratio is 20.27%.

Key Stories Impacting Microsoft Here are the key news stories impacting Microsoft this week:

Positive Sentiment: Expectations are building for another earnings beat, with demand for Azure cloud infrastructure, Microsoft 365 and Copilot supporting revenue and earnings growth. The key catalyst will be Microsoft’s October 28 report, where investors will look for accelerating Azure growth and evidence that AI investments are translating into monetization. Microsoft Earnings Preview Positive Sentiment: Microsoft remains viewed favorably as a relatively cash-generative way to participate in the AI-cloud buildout. While Oracle’s cloud growth is faster, Microsoft’s stronger free cash flow, lower leverage and broad enterprise installed base may provide greater financial resilience as AI capital expenditures rise. Oracle Versus Microsoft Positive Sentiment: A new Boeing fleet-intelligence platform, Dataliner, is being built on Microsoft Azure AI Foundry. The partnership could add a recurring enterprise workload for Azure and demonstrate Microsoft’s ability to embed AI in industry-specific applications. Boeing and Microsoft Dataliner Positive Sentiment: Tavant’s Microsoft Fabric accelerator is now available through Microsoft Marketplace, potentially making it easier for businesses to deploy Fabric-based analytics and AI solutions across Azure. Tavant Fabric Accelerator Neutral Sentiment: GitHub Copilot is reportedly a major customer of Anthropic, highlighting demand for Microsoft’s AI developer tools but also exposing reliance on outside model providers and potential supplier concentration risk. Anthropic Revenue Concentration Negative Sentiment: Microsoft’s withdrawal as anchor tenant from a U.K. AI data-center project because of power-supply delays underscores a growing constraint: electricity and grid access may slow Azure’s AI capacity expansion and increase infrastructure costs. Microsoft Withdraws From UK AI Data Center Project Negative Sentiment: Investors remain concerned that elevated prices for components could make Microsoft’s next-generation Xbox, Project Helix, less competitive or pressure demand. The gaming business is also undergoing restructuring, adding uncertainty beyond Azure and productivity software. Project Helix Pricing Concerns Wall Street Analysts Forecast Growth Several analysts have recently weighed in on the stock. Sanford C. Bernstein lifted their price objective on shares of Microsoft from $660.00 to $662.00 and gave the company an “outperform” rating in a research note on Monday. Citigroup increased their target price on shares of Microsoft from $600.00 to $636.00 and gave the stock a “buy” rating in a research note on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $600.00 target price on shares of Microsoft in a research note on Monday, October 12th. JPMorgan Chase & Co. restated a “buy” rating on shares of Microsoft in a report on Monday, September 28th. Finally, Morgan Stanley downgraded shares of Microsoft from an “overweight” rating to a “negative” rating in a research note on Monday, October 5th. Forty-three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $592.15.

Read Our Latest Stock Analysis on Microsoft

Insider Buying and Selling at Microsoft In other news, CEO Judson Althoff sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $487.89, for a total transaction of $4,878,900.00. Following the completion of the sale, the chief executive officer directly owned 100,447 shares of the company’s stock, valued at $49,007,086.83. The trade was a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Takeshi Numoto sold 4,810 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $496.48, for a total transaction of $2,388,068.80. Following the completion of the sale, the executive vice president owned 42,677 shares in the company, valued at $21,188,276.96. This represents a 10.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 150,314 shares of company stock valued at $75,404,992 over the last three months. Corporate insiders own 0.03% of the company’s stock.

Microsoft Profile (Free Report)

Microsoft Corporation (NASDAQ:MSFT) is a global technology company that develops software, cloud services, devices and digital platforms. Its products and services are used by consumers, businesses, governments and educational institutions worldwide.

The company’s principal offerings include the Windows operating system; Microsoft 365 productivity applications such as Word, Excel, Teams and Outlook; Azure cloud computing and infrastructure services; Dynamics business applications; and enterprise security solutions.

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SALEM, Ore., Oct. 22, 2026 (GLOBE NEWSWIRE) -- Agility Robotics, a leading humanoid robotics and physical AI company, today announced that Digit® 5 will standardize on NVIDIA IGX Thor for its onboard compute, expanding the companies’ collaboration as Agility prepares its next-generation humanoid robot for broader commercial deployment.

The new architecture will unify Digit 5’s onboard compute by standardizing on NVIDIA IGX Thor modules. The transition establishes NVIDIA as the exclusive provider of onboard compute for the general availability version of Digit 5.

“Bringing humanoid robots to commercial scale requires AI computing and safety to be engineered together,” said Deepu Talla, Vice President of Robotics and Edge AI at NVIDIA. “By standardizing Digit 5’s onboard compute on NVIDIA IGX Thor and incorporating NVIDIA Halos into its safety system, Agility is bringing these capabilities together as it prepares for broader deployment in factories and warehouses.”

Advancing Compute and Safety for Industrial Deployment

The compute transition builds on Agility’s previously announced collaboration with NVIDIA Halos safety platform for physical AI deployments, addressing safety at each layer of Agility’s development stack.

As part of that collaboration, Agility is integrating NVIDIA IGX Thor and additional NVIDIA Halos models into its proprietary safe human detection system for Digit. These integrations are intended to expand Digit’s current perception capabilities, support connections to a broader ecosystem, and facilitate Agility’s ongoing certification and deployment efforts. Agility was the first company to announce with NVIDIA that it will incorporate elements of NVIDIA Halos into its proprietary safety system.

Agility will also participate in the NVIDIA Halos AI Systems Inspection Lab to support the evaluation of Digit’s safety-related software, AI components and cybersecurity protections ahead of final third-party certification.

“For humanoid robots to deliver lasting value, they need to perform useful work reliably and safely in our customers’ operations,” said Pras Velagapudi, Chief Technology Officer of Agility Robotics. “As we prepare Digit 5 for general availability, we are unifying its compute architecture and building on our safety collaboration with NVIDIA. Moving to NVIDIA Thor modules gives us a common foundation as we advance Digit’s capabilities and prepare for broad commercial deployment.”

Early access to Digit 5 is expected to begin in the first half of 2027, with increasing availability over the following six to nine months for manufacturing, warehouse and distribution operators.

Agility Robotics and Churchill Capital Corp XI

Agility is preparing to become a public company through its previously announced business combination with Churchill Capital Corp XI (Nasdaq: CCXI). The business combination is expected to close in the fourth quarter of 2026, after which the combined company will operate as Agility Robotics and is expected to trade on Nasdaq under the ticker symbol “AGLT.”

About Agility Robotics

Headquartered in Salem, Oregon, with offices in Pittsburgh, Pennsylvania and Fremont, California, Agility Robotics' mission is to build robot partners that augment the human workforce. Agility's groundbreaking general-purpose humanoid robot, Digit, is the first multi-purpose, human-centric robot that is Made for Work® and commercially deployed today. With more than 65,000 hours of real-world operation combined with industry-leading safety standards, we're pioneering a new era of automation that enhances human potential. To learn more, visit agilityrobotics.com.

Agility, the Agility logo, Digit, Agility Arc, RoboFab, and Made for Work are trademarks of Agility Robotics, Inc. All rights reserved. Third-party trademarks are the property of their respective owners.

About Churchill Capital Corp XI

Churchill Capital Corp XI (“Churchill XI”) XI is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any business or industry.

Additional Information About the Proposed Transaction and Where to Find It

The proposed transaction will be submitted to shareholders of Churchill XI for their consideration. Churchill XI and Agility Robotics have jointly filed a registration statement on Form S-4 (the “Registration Statement”) with the Securities and Exchange Commission (the "SEC”), which was declared effective by the SEC on October 13, 2026, and which includes a definitive proxy statement/prospectus. The definitive proxy statement/prospectus and other relevant documents have been distributed to Company stockholders and Churchill XI shareholders as of September 14, 2026, the record date established for voting on the proposed transaction, in connection with Churchill XI’s solicitation of proxies for the vote by Churchill XI’s shareholders in connection with the proposed transaction and other matters described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Company stockholders in connection with the completion of the proposed transaction. Before making any voting or investment decision, Churchill XI and Agility stockholders and other interested persons are advised to read the definitive proxy statement/prospectus, as well as other documents filed with the SEC by Churchill XI in connection with the proposed transaction, as these documents contain important information about Churchill XI, the Company and the proposed transaction. Shareholders may obtain a copy of the definitive proxy statement/prospectus as well as other documents filed by Churchill XI with the SEC, without charge, at the SEC’s website located at www.sec.gov or by directing a written request to Churchill Capital Corp XI, 640 Fifth Avenue, 14th Floor, New York, NY 10019.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the federal securities laws regarding Agility and Churchill XI. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict," "should" and "would," or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of any of these words or similar expressions does not mean that a statement is not forward-looking. These forward-looking statements are based on Agility's and Churchill XI's current expectations and projections. These statements include statements relating to, without limitation: Agility's plans to standardize Digit 5's onboard compute architecture on NVIDIA IGX Thor modules, including the anticipated integration, functionality, performance and benefits of such technology; Agility's ongoing and expanded collaboration with NVIDIA, including the integration of NVIDIA IGX Thor and elements of the NVIDIA Halos safety platform into Digit's proprietary safety systems; the expected capabilities and benefits of these integrations, including enhancements to perception capabilities, safety, reliability and operational performance; Agility's anticipated participation in the NVIDIA Halos AI Systems Inspection Lab and the expected evaluation, validation and certification of Digit's safety-related software, AI components and cybersecurity protections; Agility's ability to develop, validate and deploy new Digit skills and capabilities; the anticipated timing of early access to Digit 5 in the first half of 2027 and general availability by the end of 2027; Agility's ability to scale manufacturing, commercial deployments and service infrastructure to support existing and future customers; Agility's preparation to operate as a public company; Agility's ability to consummate the proposed business combination with Churchill XI, the satisfaction or waiver of the closing conditions set forth in the proposed business combination or PIPE subscription agreements; the occurrence of any other event, change or other circumstances that could give rise to the termination of the proposed business combination or PIPE subscription agreements; the expected timing of closing of the proposed transaction; the expected listing of the combined company's securities on Nasdaq under the ticker symbol "AGLT"; and the potential benefits of the proposed transaction and expectations related to its terms and timing.

These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions, many of which are beyond the control of the Company and Churchill XI.

These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause the Company’s, Churchill XI’s or the combined company’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such statements. Such risks and uncertainties include: that the Company is pursuing an emerging technology, faces significant technical challenges and may not achieve commercialization or market acceptance; the Company’s historical net losses and limited operating history; the Company’s expectations regarding future financial performance, capital requirements and unit economics; the Company’s use and reporting of business and operational metrics; the Company’s competitive landscape; the Company’s dependence on members of its senior management and its ability to attract and retain qualified personnel; the potential need for additional future financing; the Company’s ability to manage growth and expand its operations; potential future acquisitions or investments in companies, products, services or technologies; the Company’s reliance on strategic partners and other third parties; the Company’s ability to maintain, protect and defend its intellectual property rights; risks associated with privacy, data protection or cybersecurity incidents and related regulations; the use, rate of adoption and regulation of artificial intelligence and machine learning; uncertainty or changes with respect to laws and regulations; uncertainty or changes with respect to taxes, trade conditions and the macroeconomic environment; the combined company’s ability to maintain internal control over financial reporting and operate a public company; the risk that the proposed transaction may not be completed in a timely manner or at all, which may adversely affect the price of Churchill XI’s securities; the failure by the parties to satisfy the conditions to consummation of the proposed transaction, including the approval of Churchill XI’s shareholders; the possibility that required regulatory approvals for the proposed transaction are delayed or are not obtained, which could adversely affect the combined company or the expected benefits of the proposed transaction; the risk that shareholders of Churchill XI could elect to have their shares redeemed, leaving the combined company with insufficient cash to execute its business plans; the level of redemptions of Churchill XI’s public shareholders; the ability of the Company to grow and manage growth, maintain relationships with customers and retain its management and key employees; costs related to the proposed transaction; the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; the outcome of any legal proceedings or government investigations that may be commenced against the Company or Churchill XI; failure to realize the anticipated benefits of the proposed transaction; the Company’s estimates of expenses and profitability; the evolution of the markets in which the Company competes; the ability of Churchill XI or the combined company to issue equity or equity-linked securities in connection with the proposed transaction or in the future; and other factors described in Churchill XI’s filings with the SEC. Additional information concerning these and other factors that may impact such forward-looking statements can be found in filings and potential filings by the Company, Churchill XI or the combined company resulting from the proposed transaction with the SEC, including under the heading “Risk Factors.” If any of these risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, these statements reflect the expectations, plans and forecasts of the Company’s and Churchill XI’s management as of the date of this press release; subsequent events and developments may cause their assessments to change. While the Company and Churchill XI may elect to update these forward-looking statements at some point in the future, they specifically disclaim any obligation to do so. Accordingly, undue reliance should not be placed upon these statements.

In addition, statements that “we believe” and similar statements reflect the Company’s and Churchill XI’s beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this press release, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and the Company’s and Churchill XI’s statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements.

An investment in Churchill XI is not an investment in any of Churchill XI’s founders’ or sponsors’ past investments, companies or affiliated funds. The historical results of those investments are not indicative of future performance of Churchill XI, which may differ materially from the performance of Churchill XI’s founders’ or sponsors’ past investments.

Participants in the Solicitation

Churchill XI, the Company and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from Churchill XI’s shareholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Churchill XI’s shareholders in connection with the proposed transaction are set forth in the definitive proxy statement/prospectus . You can find more information about Churchill XI’s directors and executive officers in Churchill XI’s final prospectus related to its initial public offering filed with the SEC on December 16, 2025. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests are included in the proxy statement/prospectus . Shareholders, potential investors and other interested persons should read the definitive proxy statement/prospectus carefully before making any voting or investment decisions. You may obtain free copies of these documents from the sources described above.

No Offer or Solicitation

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of the securities described herein in the United States or any other jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or exemptions therefrom. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

Contacts

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2140e2a5-3711-407a-8fb7-8fd5ba6966bd

Carnegie Investment Counsel lifted its stake in AT&T Inc. (NYSE:T – Free Report) by 27.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 142,506 shares of the technology company’s stock after acquiring an additional 30,302 shares during the period. Carnegie Investment Counsel’s holdings in AT&T were worth $3,477,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. State Street Corp grew its holdings in AT&T by 5.8% during the second quarter. State Street Corp now owns 334,273,613 shares of the technology company’s stock valued at $6,919,464,000 after purchasing an additional 18,468,679 shares during the last quarter. Bank of America Corp DE raised its position in shares of AT&T by 4.6% in the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock valued at $3,629,307,000 after purchasing an additional 5,449,222 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of AT&T by 12.7% in the first quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company’s stock worth $2,109,443,000 after buying an additional 8,197,935 shares during the last quarter. GQG Partners LLC acquired a new stake in shares of AT&T in the second quarter worth $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of AT&T by 2.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,616,152 shares of the technology company’s stock worth $1,151,254,000 after buying an additional 1,336,556 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Stock Down 6.3% Shares of T stock opened at $21.95 on Thursday. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.43. The firm has a market cap of $150.38 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 1.14 and a beta of 0.25. The stock has a 50 day moving average of $24.90 and a 200-day moving average of $24.29. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T – Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.05. The business had revenue of $32.32 billion for the quarter, compared to the consensus estimate of $31.69 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. AT&T’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $0.54 earnings per share. On average, equities analysts predict that AT&T Inc. will post 2.33 EPS for the current year. AT&T Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, October 9th. AT&T’s dividend payout ratio is presently 36.75%.

Analyst Upgrades and Downgrades Several research firms recently issued reports on T. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a report on Thursday, July 23rd. BNP Paribas Exane upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $26.00 to $30.00 in a report on Monday, September 21st. KeyCorp reiterated an “overweight” rating and issued a $36.00 target price on shares of AT&T in a report on Wednesday, October 7th. Argus cut their target price on shares of AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada cut their target price on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Eleven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.89.

Get Our Latest Analysis on T

AT&T News Summary Here are the key news stories impacting AT&T this week:

Positive Sentiment: AT&T reported adjusted third-quarter EPS of $0.65 and revenue of $32.32 billion, exceeding consensus estimates. Revenue increased approximately 5.2% year over year. Stock Market Today, Oct. 21: AT&T Beats Earnings on Strong Fiber Growth, Raises 2026 Profit Outlook Positive Sentiment: Growth was led by record Advanced Connectivity additions of 769,000, including 442,000 fiber and 327,000 fixed-wireless customers, along with 379,000 postpaid phone net additions. AT&T also added more than 1 million advanced-connectivity customers for a second consecutive quarter. T Q3 Earnings Beat Estimates on Fiber and Wireless Growth Positive Sentiment: Management raised its 2026 adjusted EPS outlook to approximately $2.40, maintained its long-term double-digit adjusted-earnings growth target, and plans roughly $10 billion in 2026 share repurchases. It also lowered planned annual capital investment for 2027 and 2028 to $22 billion-$23 billion. AT&T raises 2026 earnings outlook as fibre and wireless growth accelerates Neutral Sentiment: AT&T CEO John Stankey downplayed the threat from SpaceX’s Starlink Mobile, saying low-Earth-orbit networks are particularly useful for rural coverage. However, investors remain concerned that satellite competition could pressure wireless subscriber growth, pricing, and promotional spending. AT&T’s CEO throws shade at Musk’s Starlink mobile ambitions Negative Sentiment: Reported results included a $2.6 billion noncash impairment tied to the Mexico wireless business, while net debt rose to approximately $149.8 billion following the EchoStar spectrum transaction. Management now expects to return to its 2.5-times net-debt-to-adjusted-EBITDA target during 2029, signaling slower deleveraging than some investors expected. AT&T Slides After Earnings as Investors Focus on Debt, Spending and an Impairment Charge AT&T Profile (Free Report)

AT&T Inc (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.

See Also Five stocks we like better than AT&T GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall? Intercepting Growth: Karman Secures $218M Lockheed Martin Deal Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T – Free Report).

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Procter & Gamble (PG.N) on Thursday warned that rising raw material, energy and freight costs would ‌take a bigger bite out of annual profit, even as resilient demand for its beauty and home-care products helped first-quarter sales beat estimates.

The Tide detergent and Pantene shampoo maker now expects those costs to reduce fiscal 2027 profit by about $1.4 billion, up from its previous estimate ​of $1 billion.

Pressures from high commodity costs are expected to increase over the next two quarters, P&G CFO Andre ​Schulten said on a call with the media.

P&G’s results offer an early test of whether resilient ⁠US consumer spending can withstand another bout of inflation, as higher fuel and food costs squeeze household budgets and ​push shoppers towards cheaper alternatives.

Commodity inflation has emerged as a growing concern across industries, from consumer goods giants to airlines, as volatility in ​oil prices following the US war on Iran drives up fuel and transportation costs.

While P&G topped quarterly estimates, it maintained its fiscal 2027 forecasts for organic sales growth of 1% to 3% and core earnings of roughly $7 per share.

"That is really a reflection of rising commodity ​prices in most companies, inability to continue to pass along increased input costs, which will likely cut into margins," said ​Art Hogan, chief market strategist at B. Riley Wealth.

HIGHER COSTS SQUEEZE MARGINS
P&G's core operating margin fell 80 basis points in the quarter ended ‌September 30 ⁠despite 250 basis points of productivity savings, including efforts to streamline its supply chain under new CEO Shailesh Jejurikar.

Higher fuel prices have pushed up transportation and freight costs for packaged-goods companies, while a shortage of truck drivers on some routes has added to the pressure, a P&G spokesperson told Reuters.

US retail diesel prices hit a record $6 a gallon in September following the U.S. ​war in Iran and have ​remained elevated.

P&G is negotiating ⁠with suppliers and optimizing transportation routes to contain costs while continuing to invest in product innovation, the spokesperson said.

VOLUMES HOLD STEADY
First-quarter net sales rose 4% to $23.28 billion, beating analysts' estimates of $22.80 billion, according ​to data compiled by LSEG. Its shares rose about 2% in premarket trading.

Volumes increased ​in P&G's beauty business, ⁠helped by demand for higher-priced hair-care products as consumers continued to spend on self-care despite pressure on household budgets from higher fuel and food costs.

Overall volumes rose 2.4%, while prices increased about 0.4% in the three months through September.

Swiss packaged-goods maker Nestle (NESN.S) ⁠also topped ​estimates for organic sales growth on Thursday, helped by stronger volumes.

The company ​reported first-quarter core earnings of $2 per share, above analysts' estimate of $1.88.

In August, P&G said it would buy supplements maker Thorne as it sought to tap ​growing demand for health and wellness products.

Another BNB Chain token has learned that clever tokenomics can turn into an attacker’s playbook. On October 22, 2026, CertiK Alert flagged an exploit targeting the $NEM token, with losses estimated at approximately $820,000.

The attack hit the USDT/NEM liquidity pool on PancakeSwap. The culprit was not a stolen key or a rogue insider, but a logic flaw baked into the token’s own smart contract.

Security firm SlowMist corroborated the findings and put the damage at about $821,920.

How the NEM exploit worked
The vulnerable code sits in a contract called NemTokenV2. At its center is a mechanism named ‘pendingLpSellRecycle’, which was designed to track and process sells flowing into the liquidity pool.

Per the findings, the contract made a basic accounting mistake. It treated any transfer of tokens into the liquidity pair as sell volume, without checking whether a real sale had actually taken place.

The attacker repeatedly sent NEM tokens into the PancakeSwap pool, then skimmed the excess funds back out.

Liquidity pools on PancakeSwap keep an internal record of their reserves. When the actual token balance sitting in the pool drifts above that recorded figure, the surplus can be pulled out. The NEM contract’s faulty sell tracking gave the attacker a way to keep manufacturing that surplus on demand.

According to SlowMist, the attacker ran this loop 42 times. Each round chipped away at the pool and distorted its reserves, and the operation also artificially pushed up the token’s price along the way.

Once enough value had been pulled from the pool, the attacker extracted it and bridged the stolen funds over to Ethereum.

A pattern on BNB Chain in 2026
The NEM incident does not stand alone. The research findings describe a recurring trend in 2026 in which BNB Chain tokens with complex tokenomics have proved vulnerable to reserve manipulation.

Earlier in 2026, projects with similar mechanics, including Movie Token, ATM, and LULA, suffered comparable attacks. The shared thread is tokens that bolt custom logic onto their interactions with PancakeSwap pools.

Standard decentralized exchange pools are fairly predictable on their own. Problems tend to show up when a token contract reaches into those pools and tries to keep its own parallel set of books.

What this means for DeFi users and token builders
For anyone holding NEM or providing liquidity to the USDT/NEM pair, the damage is direct. Liquidity providers in a drained pool absorb the losses, and the artificial price movement during the attack adds another layer of disruption for traders who happened to be active at the time.

For developers, the lesson is fairly specific. Any contract that infers user intent from where tokens land, rather than verifying what actually happened in a trade, is making a bet that nobody will game the inference. The NEM attacker won that bet 42 times in a row.

The findings argue that investors may start demanding more transparency from token teams about how their liquidity pool mechanics work. Rigorous audits that specifically test how custom token logic interacts with exchange pools, rather than reviewing the token contract in isolation, would address the exact gap exploited here.

Security firms like CertiK and SlowMist play a growing role in this landscape, often publishing breakdowns within hours of an incident. Their quick alerts help other projects check whether they share the same weakness, though by the time an alert goes out, the funds in question have typically already moved.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

Axxcess Wealth Management LLC raised its stake in shares of GE Aerospace (NYSE:GE – Free Report) by 16.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,388 shares of the company’s stock after buying an additional 3,666 shares during the quarter. Axxcess Wealth Management LLC’s holdings in GE Aerospace were worth $7,928,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of GE. Burkett Financial Services LLC raised its position in shares of GE Aerospace by 28.9% in the 2nd quarter. Burkett Financial Services LLC now owns 125 shares of the company’s stock valued at $47,000 after acquiring an additional 28 shares during the period. BOK Financial Private Wealth Inc. boosted its stake in GE Aerospace by 3.2% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 960 shares of the company’s stock worth $359,000 after acquiring an additional 30 shares during the last quarter. Gradient Investments LLC boosted its stake in GE Aerospace by 4.4% during the 2nd quarter. Gradient Investments LLC now owns 765 shares of the company’s stock worth $286,000 after acquiring an additional 32 shares during the last quarter. Kinloch Capital LLC grew its holdings in GE Aerospace by 3.1% during the second quarter. Kinloch Capital LLC now owns 1,079 shares of the company’s stock valued at $403,000 after purchasing an additional 32 shares during the period. Finally, United Community Bank grew its holdings in GE Aerospace by 10.1% during the second quarter. United Community Bank now owns 361 shares of the company’s stock valued at $135,000 after purchasing an additional 33 shares during the period. 74.77% of the stock is owned by institutional investors.

Insider Buying and Selling at GE Aerospace In other news, SVP Mohamed Ali sold 8,096 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the transaction, the senior vice president owned 20,666 shares in the company, valued at $7,309,770.86. This represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is owned by company insiders.

GE Aerospace Trading Down 1.4% NYSE:GE opened at $295.62 on Thursday. GE Aerospace has a fifty-two week low of $268.91 and a fifty-two week high of $388.84. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67. The stock has a market capitalization of $306.73 billion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 2.16 and a beta of 1.38. The business’s 50-day simple moving average is $325.95 and its 200-day simple moving average is $328.95. GE Aerospace (NYSE:GE – Get Free Report) last posted its earnings results on Tuesday, October 20th. The company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.24. GE Aerospace had a return on equity of 44.43% and a net margin of 17.31%. The business had revenue of $13.29 billion during the quarter, compared to analysts’ expectations of $12.88 billion. During the same period in the prior year, the business earned $1.66 EPS. GE Aerospace’s revenue for the quarter was up 24.7% compared to the same quarter last year. Sell-side analysts expect that GE Aerospace will post 8.00 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Monday, October 5th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, October 5th. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. GE Aerospace’s payout ratio is presently 22.14%.

GE Aerospace News Summary Here are the key news stories impacting GE Aerospace this week:

Positive Sentiment: Guidance was raised again. GE now expects fiscal 2026 adjusted EPS of $8.00–$8.10, above the $7.92 consensus and up from its previous $7.65–$7.85 forecast. The company also lifted its revenue-growth outlook to approximately 19%–20%, operating-profit guidance to $10.9–$11.0 billion, and free-cash-flow guidance to $9.1–$9.4 billion. GE Aerospace raises 2026 profit forecast Positive Sentiment: Commercial services remain the key growth engine. GE beat third-quarter estimates with adjusted EPS of $2.25 versus $2.01 expected and revenue of $13.29 billion versus $12.88 billion expected. Orders rose 49% to $19 billion, while strong engine-repair, spare-parts, and maintenance demand is supporting expectations for low-double-digit services growth in 2027. GE Aerospace Q3 earnings call highlights Positive Sentiment: Long-term aftermarket demand looks resilient. Delayed aircraft deliveries, aging fleets, and airline fuel pressures could encourage carriers to keep existing aircraft in service longer, supporting GE’s sizable services backlog and high-margin maintenance business. GE also reported that an AI tool reduced technical-record processing time by about 25%, potentially improving engine turnaround and availability. Neutral Sentiment: Analyst sentiment remains mixed. UBS raised its target to $380, while JPMorgan, RBC, and Susquehanna lowered targets but retained bullish ratings. Citi described the stock as an attractive entry point, highlighting strong operating trends despite recent post-earnings weakness. Negative Sentiment: Near-term profitability concerns overshadowed the beat. Management expects GE9X production ramp-up costs to create an approximately $300 million profit drag in 2027. Investors are also monitoring margin pressure, supply-chain constraints, spare-parts backlogs, fuel-related airline risks, and lower operating cash flow. Negative Sentiment: Valuation remains demanding. Commentary pointed to a premium valuation after a strong multiyear run, while BNP Paribas Exane cut its target to $280 and assigned an underperform rating. The combination of elevated expectations and concerns about future costs helps explain why GE stock decreased even after the earnings beat. Analyst Upgrades and Downgrades Several equities research analysts have commented on the stock. TD Cowen reaffirmed a “buy” rating and issued a $380.00 target price (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Guggenheim set a $380.00 target price on shares of GE Aerospace in a report on Wednesday. Vertical Research reissued a “buy” rating and set a $400.00 price target on shares of GE Aerospace in a research report on Tuesday. Morgan Stanley reissued an “overweight” rating and set a $375.00 price target (down from $400.00) on shares of GE Aerospace in a research report on Wednesday. Finally, Melius Research set a $350.00 price target on shares of GE Aerospace and gave the company a “hold” rating in a report on Monday, September 14th. Seventeen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $375.62.

Check Out Our Latest Stock Report on GE

GE Aerospace Company Profile (Free Report)

GE Aerospace (NYSE: GE) is a global aerospace company that designs, develops, manufactures and services aircraft engines and related systems. Its products support commercial air transport, business and general aviation, military aircraft, and other defense applications. The company also provides engine components, avionics, mechanical systems, digital solutions and maintenance, repair and overhaul services.

GE Aerospace serves airlines, aircraft operators, leasing companies, airframers and government customers worldwide.

See Also Five stocks we like better than GE Aerospace GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall? Intercepting Growth: Karman Secures $218M Lockheed Martin Deal Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors

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Earlier this month, Starbucks (SBUX -0.29%) raised its dividend for the 16th consecutive year, boosting the payout by a modest one cent per share per quarter. Investors who own the stock by Nov. 13 will receive the new $0.63 quarterly dividend on Nov. 27. Annualized, that's $2.52 per share -- good for a forward yield of 2.6%.

Investors would need to own 199 shares to receive at least $500 in yearly dividends. That's a whopping $19,406 investment, based on Starbucks's stock price of $97.52 per share at the time of this writing.

Here's why Starbucks' investment thesis has fundamentally changed in recent years, and why Starbucks has transformed from a high-octane growth stock into a rock-solid dividend stock to buy now.

Image source: Starbucks.

Globalizing the "third place" Howard Schultz was instrumental in elevating Starbucks from a regional coffee bean and equipment merchant into a global sensation featuring quick-service, customizable coffee and tea drinks. Schultz was inspired by a trip to Italy, where local coffeehouses served as a third place, alongside home and work/school.

Starbucks grew rapidly and expanded into new markets by pairing the third-place concept alongside a caffeine-rich, customizable menu. Schultz viewed China as Starbucks's biggest opportunity yet, even predicting in December 2017 that China could one day have twice as many stores as the U.S. However, as of June 28, 2026, Starbucks's total international store count is 22,933, including about 8,000 stores in China, compared to 18,371 in North America.

SBUX data by YCharts

It's been a choppy period for the coffee stock -- to say the least. Over the last seven years, the stock price and gross profit have been virtually flat while revenue is up just 42.1%.

SBUX Starbucks$99.08-$0.29 (-0.29%)

NASDAQ · As of 4:00 PM ET 10/21/26

Reclaiming the third place Starbucks reached saturation in the U.S., and international markets like China have proven more challenging to sustain growth in. Starbucks continues to have success leveraging its rewards program and cutting wait times with mobile order and pay. But those concepts also turned Starbucks into a kind of transaction-based coffee factory that churned out as many drinks as possible rather than one focused on an inviting customer experience. Mobile ordering was instrumental in limiting the pandemic-induced slowdown in order volumes. But even post-pandemic, Starbucks eventually realized that it had leaned too heavily into convenience and transactions rather than friendly service and the in-store coffeehouse experience, which had damaged its brand among partners and customers.

In Starbucks's Leadership Experience event in June 2025, Schulz and CEO Brian Niccol discussed the need to reclaim Starbucks's role as a third place for communities and become a coffee-first company. Since then, Starbucks has implemented a nationwide makeover by bringing back coffeehouse aesthetics with inviting furniture and layouts and restoring a focus on personalization and customer interaction. The strategy is working. On its third-quarter fiscal 2026 earnings call in August, Starbucks said that it had completed 1,000 North America store remodels and was showing a vast improvement in same-store sales in the U.S. and internationally. Starbucks also reduced its company-operated stores in the U.S. by 2.7% year-over-year. And its international company-owned stores dropped from 10,277 to just 2,464 because it converted 7,991 stores in China to licensed stores as part of its diversification of Starbucks retail operations in China. In April, Starbucks finalized a joint venture with Chinese private equity firm Boyu Capital that included selling a 60% stake in Starbucks China retail operations and converting company-operated stores in China to licensed stores. Starbucks hopes to grow its store count in China to 20,000 over time as part of this capital-light licensing model.

Starbucks is guiding for 6% U.S. same-store sales growth Starbucks' new strategy is centered on improving the quality of its stores for partners and customers, managing costs, and growing margins, rather than rapidly growing revenue through new store openings. Its deal with Boyu Capital provides upside potential from expansion in China without the capital intensity of managing company-owned rather than licensed stores.

Starbucks' new strategy is already paying off. Its updated fiscal 2026 guidance now calls for over 6% U.S. same-store sales growth and global comps nearing 6%. Full-year revenue is expected to be flat or slightly up, given a lower U.S. store count and its new operating structure in China. Margins are improving too, with the overall company forecast margin considerably higher at over 11%.

Buying quality companies with growing dividends is an excellent way to participate in the stock market while boosting your passive income stream. Starbucks has been a disappointing stock to own for years, but that could change under its more focused corporate strategy that is already demonstrating tangible results. With an emphasis on operating efficiency over pure-play growth, Starbucks is well-positioned to become a top-tier dividend stock.

Cantor Fitzgerald Investment Advisors L.P. grew its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 146,450 shares of the industrial products company’s stock after buying an additional 3,328 shares during the period. Emerson Electric accounts for 1.0% of Cantor Fitzgerald Investment Advisors L.P.’s investment portfolio, making the stock its 20th largest position. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Emerson Electric were worth $22,714,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. PensionDanmark Pensionsforsikringsaktieselskab lifted its position in Emerson Electric by 9.4% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 101,731 shares of the industrial products company’s stock worth $14,563,000 after buying an additional 8,700 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Emerson Electric in the second quarter worth about $6,193,425,000. Corient Private Wealth LP purchased a new position in shares of Emerson Electric in the second quarter worth about $129,817,000. Generali Investments Management Co LLC lifted its stake in shares of Emerson Electric by 91.2% in the 2nd quarter. Generali Investments Management Co LLC now owns 31,339 shares of the industrial products company’s stock valued at $4,486,000 after acquiring an additional 14,952 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of Emerson Electric by 21.5% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 66,724 shares of the industrial products company’s stock valued at $9,552,000 after acquiring an additional 11,802 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling In other news, CEO Surendralal Karsanbhai sold 9,650 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the completion of the transaction, the chief executive officer directly owned 271,743 shares in the company, valued at approximately $43,997,909.13. This represents a 3.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.23% of the company’s stock.

Emerson Electric Price Performance NYSE EMR opened at $163.25 on Thursday. The business’s fifty day moving average price is $156.25 and its 200-day moving average price is $147.55. The stock has a market capitalization of $91.43 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 2.20 and a beta of 1.21. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.90 and a quick ratio of 0.66. Emerson Electric Co. has a 1-year low of $122.64 and a 1-year high of $166.35. Emerson Electric (NYSE:EMR – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.03. The firm had revenue of $4.87 billion for the quarter, compared to analysts’ expectations of $4.80 billion. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 EPS. Emerson Electric has set its FY 2026 guidance at 6.550-6.550 EPS and its Q4 2026 guidance at 1.850-1.850 EPS. On average, equities analysts predict that Emerson Electric Co. will post 6.56 earnings per share for the current year.

Emerson Electric Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Friday, August 14th were paid a dividend of $0.5550 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.22 dividend on an annualized basis and a yield of 1.4%. Emerson Electric’s dividend payout ratio is presently 48.58%.

Analysts Set New Price Targets A number of research analysts recently issued reports on EMR shares. Rothschild & Co Redburn boosted their price target on Emerson Electric from $165.00 to $180.00 in a report on Thursday, August 6th. JPMorgan Chase & Co. boosted their target price on Emerson Electric from $169.00 to $184.00 and gave the company an “overweight” rating in a research note on Friday, October 9th. DA Davidson raised their target price on shares of Emerson Electric from $145.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, August 24th. Mizuho lifted their price target on Emerson Electric from $173.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, October 15th. Finally, Royal Bank Of Canada upped their price target on Emerson Electric from $179.00 to $188.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $172.17.

Check Out Our Latest Research Report on EMR

(Free Report)

Emerson Electric Co (NYSE: EMR) is a global technology and engineering company that provides automation, control, and industrial technology solutions. Its offerings include measurement and analytical instruments, control systems, valves, regulators, software, and related services used to improve the safety, efficiency, and reliability of industrial operations.

The company serves customers across industries such as energy, chemicals, life sciences, food and beverage, manufacturing, and commercial and residential applications.

Featured Stories Five stocks we like better than Emerson Electric GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall? Intercepting Growth: Karman Secures $218M Lockheed Martin Deal Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR – Free Report).

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Canoe Financial LP boosted its holdings in Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 130.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 986,414 shares of the mining company’s stock after acquiring an additional 558,492 shares during the quarter. Agnico Eagle Mines accounts for 2.2% of Canoe Financial LP’s portfolio, making the stock its 15th largest position. Canoe Financial LP owned about 0.19% of Agnico Eagle Mines worth $178,066,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its position in Agnico Eagle Mines by 600.0% during the 3rd quarter. Fortitude Family Office LLC now owns 140 shares of the mining company’s stock worth $26,000 after acquiring an additional 120 shares during the period. Markowski Investments bought a new position in shares of Agnico Eagle Mines in the second quarter worth $29,000. Sawyer & Company Inc bought a new position in shares of Agnico Eagle Mines in the third quarter worth $35,000. Dunhill Financial LLC acquired a new position in shares of Agnico Eagle Mines during the second quarter valued at $31,000. Finally, Fiduciary Financial Advisors acquired a new position in shares of Agnico Eagle Mines during the second quarter valued at $32,000. Institutional investors own 68.34% of the company’s stock.

Wall Street Analysts Forecast Growth A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada lifted their price objective on shares of Agnico Eagle Mines from $210.00 to $225.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 16th. Scotia decreased their target price on shares of Agnico Eagle Mines from $280.00 to $278.00 and set a “sector outperform” rating for the company in a research report on Friday, July 3rd. Scotiabank decreased their target price on shares of Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Raymond James Financial lowered their target price on shares of Agnico Eagle Mines from $230.00 to $225.00 and set an “outperform” rating on the stock in a research note on Friday, September 4th. Finally, Barclays boosted their price target on shares of Agnico Eagle Mines from $188.00 to $218.00 and gave the stock an “overweight” rating in a research report on Monday. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $225.23.

Read Our Latest Stock Report on AEM Agnico Eagle Mines Trading Up 0.6% Shares of Agnico Eagle Mines stock opened at $187.29 on Thursday. The business has a fifty day simple moving average of $195.46 and a 200-day simple moving average of $181.27. Agnico Eagle Mines Limited has a fifty-two week low of $134.38 and a fifty-two week high of $255.24. The firm has a market cap of $94.95 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.01.

Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last issued its quarterly earnings results on Wednesday, July 29th. The mining company reported $3.05 EPS for the quarter, topping the consensus estimate of $2.89 by $0.16. The firm had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Agnico Eagle Mines had a net margin of 40.44% and a return on equity of 22.04%. Agnico Eagle Mines’s revenue for the quarter was up 35.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 earnings per share. On average, equities analysts forecast that Agnico Eagle Mines Limited will post 11.47 EPS for the current fiscal year.

(Free Report)

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian gold mining company engaged in the exploration, development and production of gold, as well as related activities such as mineral processing and mine-site reclamation. The company’s principal product is gold, with silver and other byproducts also recovered from certain operations.

Founded in 1957 through the merger of Agnico Mines and Eagle Mines, Agnico Eagle has grown into one of the world’s largest gold producers. Its operating portfolio is concentrated in established mining regions, including the Canadian provinces of Ontario and Quebec, Nunavut in northern Canada, and Finland.

Further Reading Five stocks we like better than Agnico Eagle Mines GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall? Intercepting Growth: Karman Secures $218M Lockheed Martin Deal Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors Want to see what other hedge funds are holding AEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM).

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NextEra Energy runs America's largest electric utility and holds the biggest renewable backlog in the country, yet the stock keeps sliding while every major rival climbs. One top analyst sees a very different story unfolding over the next twelve months.

NextEra Energy (NYSE:NEE | NEE Price Prediction) currently trades at $78.25. The average analyst price target is $95.37, which works out to 21.9% upside.

NextEra runs Florida Power & Light, America’s largest electric utility serving approximately 12 million people, and NextEra Energy Resources, the largest energy infrastructure developer in the U.S. Together, the two businesses give NextEra direct exposure to AI-driven power demand.

Morgan Stanley’s David Arcaro holds a Street-high $110.00 target with an Overweight rating. That target implies 40.6% upside, well above the consensus target.

A Growth Utility Stuck in Reverse While Peers Climb
Repeated revenue misses weighed on NextEra. Third-quarter revenue of $8.09B grew just 1.6% and missed the $8.88B consensus. The second quarter told the same story: $7.53B against $8.15B expected. Over six months the stock slipped 12.31%, and it went from $90.00 at the second-quarter report to $78.90 at the third.

The pending Dominion Energy combination brought more uncertainty. It needs approvals in Virginia, South Carolina, North Carolina, and from FERC and the NRC, and integration risk comes on top of that. Management also expects $12 billion to $17 billion of equity needs through 2032, so dilution concerns are real.

This selloff is specific to NextEra. While it fell, Duke Energy (NYSE:DUK), Southern Company (NYSE:SO), and American Electric Power (NASDAQ:AEP) all posted gains this year.

Morgan Stanley’s Case for 40% Upside
Earnings keep beating. Adjusted EPS of $1.24 exceeded the $1.18 consensus for a 6th consecutive beat and grew 9.7% year over year. Management reaffirmed 2026 guidance of $3.92 to $4.02 and is targeting the high end. It expects 8% plus annual growth through 2032, rising to 9% plus if the Dominion deal closes.

Arcaro’s thesis stands on three points: hyperscaler data center demand, FPL’s capital execution, and the scale of the NEER backlog. FPL’s regulatory capital employed grew approximately 9.2%. The backlog stands at nearly 36.7 gigawatts. The Duane Arnold nuclear restart is on track for Q1 2029, backed by a DOE loan of up to $1.9 billion.

Near-term catalysts are lined up through early 2027. Management said “We remain confident with announcing a deal before the end of the year” on Florida data center load. Final Dominion orders in Virginia and South Carolina are expected in January 2027. Federal hub projects total approximately 16.5 gigawatts. Hub payments, though, stay “relatively modest” early on, and operating fees start in 2032. That long timeline is the weak spot in the optimistic thesis.

Of 21 analysts, 14 rate NextEra Buy or Strong Buy, 6 say Hold, and 1 says Sell.

NextEra Fell Alone as Rival Utilities Rallied
Since early January, NextEra is down 1.18%. Its three closest peers are all up.

Duke Energy rose 5.73% this year and trades at $120.69. Its $133.11 target implies 10.3% upside, with 12 Buy-side ratings, 10 Holds, and no Sells.

Southern Company gained 7.33% and now trades at $90.39. Its $96.31 target implies only 6.5% upside. With 14 Holds against 7 Buy-side ratings, it has the most conservative analyst coverage of the group.

AEP leads with a 12.53% gain. At $127.39, its $140.69 target implies 10.4% upside, with 13 Buy-side ratings and 10 Holds.

NextEra’s consensus upside is about double that of any peer. These targets are opinions and offer no certainty, but the market has priced NextEra very differently from the rest of the group.

Nearly 20% Off the High While the S&P 500 Gains 14%
At $78.25, NextEra trades 19.6% below its 52-week high of $97.30 and sits just above its $74.41 low. The 50-day moving average of $80.91 is well below the 200-day average of $87.27, which supports the downtrend.

Year to date, NextEra is down 1.18%. The S&P 500 (tracked by the SPDR S&P 500 ETF Trust (NYSEARCA:SPY)) gained 14.05%. The 21 analysts covering the stock set an average target of $95.37, and their ratings break down as follows:

Strong Buy: 3
Buy: 11
Hold: 6
Sell: 1

The stock trades at about 18 times forward earnings and pays a 3.04% dividend yield.

Paid to Wait While Data Center Deals Mature
The optimistic thesis strengthens if the Florida large-load deal gets announced on schedule and Dominion passes its January regulatory orders smoothly. If both happen, the market can start pricing in that 9% plus growth path. But I’d stay conservative if revenue keeps missing, regulators attach costly conditions to the Dominion deal, or equity issuance lands at low prices.

The data leans toward the optimistic view. Six straight earnings beats, guidance reaffirmed near the high end, and peer-leading upside support the argument that the market is too pessimistic. Morgan Stanley’s $110.00 target depends on events through 2027, though, so any move toward that level could take time. Keep an eye on the Florida announcement first.

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American Express is bringing Airbnb into its travel rewards platform.

The companies on Thursday announced a new partnership to bring more than 1 million Airbnb listings to Amex's travel portal and allow cardholders to earn rewards when booking the stays. It does not currently allow members to redeem points to pay for Airbnb bookings.

The launch adds Airbnb rentals to Amex's hotel portfolio, which includes more than 3,400 properties across its Fine Hotels + Resorts and The Hotel Collection programs.

Amex members with either the consumer or business Platinum card can also now apply their $600 annual lodging credit — previously called the hotel credit — to Airbnb's higher-end Luxe stays and take advantage of a new $250 statement credit on eligible Airbnb Experiences after making a Luxe booking.

"We're excited to bring more choice and flexibility to American Express Card Members with this exclusive partnership. Both of our companies exist to help people travel more and better, and this partnership helps people see more of the world by making travel more rewarding," said Juan David Borrero, head of partnerships at Airbnb, in a news release.

Membership points vary by card:

Consumer and Business Platinum Card members earn five times the membership rewards on prepaid Airbnb bookings through Amex Travel. Consumer Classic Green Card members earn three times the points on travel bookings made directly through third-party sites, including Airbnb. Other eligible rewards members earn two times the points on prepaid Airbnb bookings through Amex Travel.The changes come as competition among premium credit cards continues to ramp up.

Last year, American Express raised the annual fee on its premium Platinum card to $895. In turn, it's been investing in cardholder perks such as new lounges in airports and at big-ticket events and experiences as a way to attract more high-paying customers.

Earlier this month, it announced an expansion of its Centurion Lounges, with renovations coming to four existing lounges and new ones planned for Newark Liberty International Airport and London Heathrow Airport. The Newark lounge will be the largest in its network.

The partnership also comes as Americans continue to opt for travel and luxury experiences, even as prices for airfare, gas and hotels rise. Despite higher costs, more than half of Americans reported making no changes to their travel plans this summer, a recent study by travel insurance company Squaremouth found.

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

A security warning about PHP has prompted crypto leaders to speak up. On October 22, 2026, BNB Chain and Binance founder Changpeng Zhao (CZ) each responded to the news, and every message pointed to the same thing: clear communication matters when users are worried about their funds.

What Triggered the ReactionThe alert came from NSA Cyber, which published a notice to organizations that use PHP in their systems. It told them to prepare for an update that fixes critical vulnerabilities. PHP is a very common programming language for web applications, so the warning affects a large part of the internet.

BNB Chain does not use PHP in our tech stack. Stay safe 🙏

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— Nina Rong (@nina_rong) October 22, 2026 The agency explained that flaws like these often give attackers a direct path to a server's file system. That kind of access can be dangerous for any website or service that runs on the affected code.

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Nina Rong, a BNB Chain representative, published a short statement saying that BNB Chain does not use PHP in its tech stack. She ended the message with a request for people to stay safe. The post drew more than 47,000 views within hours.

The message was brief, but it answered the main question users had: is the network exposed to this issue? According to the team, it is not.

PancakeSwap Sets an ExamplePancakeSwap, one of the biggest decentralized exchanges on BNB Chain, had already shared its own confirmation a few hours earlier. The team said it does not use PHP anywhere in its tech stack and that its platform is not affected. It also told users that their funds are safe.

CZ Calls for More Projects to Do the SameCZ shared the PancakeSwap post and added his own view. He wrote that most projects should at least publish a confirmation like this one. His comment suggests that a short, direct statement is the minimum a project owes its users during a security scare.

Most projects should at least post a confirmation like this.

— CZ 🔶 BNB (@cz_binance) October 22, 2026 His point is simple. When a warning from a major government agency spreads, silence can create fear and rumors. A quick confirmation from a project takes only minutes to write, yet it can calm many users.

Crypto platforms hold real money, and users often react quickly to any hint of risk. Many websites, wallets, and dashboards across the industry may still use PHP somewhere in their systems, even if the main blockchain code does not.

Users should watch for official updates from the projects they use. They should also be careful with fake messages that claim to be security fixes, since scammers often use news like this to trick people.

Canoe Financial LP decreased its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 10.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 642,620 shares of the semiconductor company’s stock after selling 77,950 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 3.6% of Canoe Financial LP’s holdings, making the stock its 3rd largest holding. Canoe Financial LP’s holdings in Taiwan Semiconductor Manufacturing were worth $295,091,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Tiger Global Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 49.4% in the first quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company’s stock valued at $1,880,717,000 after acquiring an additional 1,839,600 shares in the last quarter. Sei Investments Co. grew its position in shares of Taiwan Semiconductor Manufacturing by 11.8% during the first quarter. Sei Investments Co. now owns 2,591,510 shares of the semiconductor company’s stock worth $875,802,000 after purchasing an additional 274,389 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Taiwan Semiconductor Manufacturing by 67.2% during the third quarter. Assenagon Asset Management S.A. now owns 1,717,515 shares of the semiconductor company’s stock worth $783,513,000 after purchasing an additional 690,523 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 7.9% during the first quarter. Bessemer Group Inc. now owns 1,781,764 shares of the semiconductor company’s stock worth $602,147,000 after purchasing an additional 130,602 shares in the last quarter. Finally, AMF Tjanstepension AB raised its stake in Taiwan Semiconductor Manufacturing by 6.4% during the 1st quarter. AMF Tjanstepension AB now owns 1,632,738 shares of the semiconductor company’s stock valued at $551,784,000 after purchasing an additional 98,123 shares during the period. Institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth TSM has been the topic of a number of research analyst reports. DA Davidson reissued a “buy” rating and issued a $500.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 16th. Weiss Ratings cut shares of Taiwan Semiconductor Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. Sanford C. Bernstein boosted their target price on shares of Taiwan Semiconductor Manufacturing from $430.00 to $554.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Wall Street Zen lowered shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Stifel Nicolaus assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, September 1st. They set a “buy” rating and a $515.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Buy” and a consensus target price of $528.78.

View Our Latest Stock Analysis on Taiwan Semiconductor Manufacturing Taiwan Semiconductor Manufacturing Price Performance Taiwan Semiconductor Manufacturing stock opened at $431.87 on Thursday. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $266.82 and a 52-week high of $487.47. The company has a quick ratio of 2.25, a current ratio of 2.46 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average is $434.84 and its 200 day moving average is $419.64. The company has a market cap of $2.24 trillion, a price-to-earnings ratio of 27.79, a PEG ratio of 0.86 and a beta of 1.37.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last issued its quarterly earnings data on Tuesday, September 8th. The semiconductor company reported $4.62 EPS for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 51.51% and a return on equity of 42.84%. The business had revenue of $46.87 billion during the quarter. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.03 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Thursday, December 10th will be issued a $1.0854 dividend. This represents a $4.34 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, December 10th. This is a negative change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.1136. Taiwan Semiconductor Manufacturing’s payout ratio is 22.27%.

Trending Headlines about Taiwan Semiconductor Manufacturing Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:

Positive Sentiment: AI demand is driving strong growth. Recent coverage highlights TSMC’s better-than-expected quarterly results, record profits and upgraded 2026 outlook. Demand for advanced chips used in data centers and AI systems continues to exceed supply, supporting revenue, earnings and pricing power. TSMC Stock: AI Demand Drives Strong Q3 Results Positive Sentiment: Large chip orders reinforce the demand outlook. ByteDance, Alibaba and Tencent reportedly ordered approximately $35 billion of Nvidia chips. Although Nvidia may not be able to fulfill all the orders immediately, the news signals substantial ongoing demand for the advanced chips manufactured by TSMC and its ecosystem partners. ByteDance, Alibaba and Tencent Just Ordered $35 Billion of Nvidia Chips Positive Sentiment: Long-term earnings potential remains attractive. Analysts and commentators see TSMC benefiting from AI infrastructure investment through 2030, with one bullish projection suggesting the stock could reach $1,200 by then. The forecast is speculative, but it reflects expectations for strong growth in advanced-node production and AI-related revenue. Prediction: TSMC Stock Is Going to $1,200 by 2030 Positive Sentiment: Capacity investments could expand future revenue. TSMC is spending billions to increase production, including in the United States, while benefiting from data-center demand. The global FinFET market is also projected to expand substantially through 2030, creating an additional long-term tailwind. A $4 Billion Reason to Buy TSMC Stock Now Neutral Sentiment: Market volatility is still elevated. Chip stocks recovered after an early sell-off, but concerns about AI financing, crowded valuations and the sustainability of infrastructure spending could continue to cause short-term swings. Broader semiconductor sentiment may affect TSM even when company-specific fundamentals remain strong. Negative Sentiment: Margins may face temporary pressure. The ramp-up of the 2nm process and overseas fabrication plants is increasing costs and could weigh on gross margins. Analysts generally view this as a temporary investment phase rather than evidence of weakening demand, but it remains a near-term earnings risk. Insider Activity In related news, VP Bor-Zen Tien acquired 1,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were acquired at an average cost of $73.06 per share, for a total transaction of $73,060.00. Following the completion of the transaction, the vice president directly owned 14,051 shares in the company, valued at approximately $1,026,566.06. This trade represents a 7.66% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Lipen Yuan acquired 1,000 shares of the stock in a transaction dated Tuesday, August 18th. The stock was bought at an average cost of $74.50 per share, with a total value of $74,500.00. Following the completion of the purchase, the vice president directly owned 6,000 shares in the company, valued at approximately $447,000. The trade was a 20.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 8,043 shares of company stock valued at $598,956. 1.11% of the stock is currently owned by company insiders.

(Free Report)

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), commonly known as TSMC, is a dedicated semiconductor foundry headquartered in Hsinchu, Taiwan. The company manufactures integrated circuits for customers that design their own chips, allowing semiconductor, electronics, and technology companies to outsource production rather than operate their own fabrication facilities.

TSMC provides wafer fabrication services across a broad range of process technologies, including advanced nodes used in high-performance computing, smartphones, automotive systems, and artificial intelligence applications.

See Also Five stocks we like better than Taiwan Semiconductor Manufacturing GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall? Intercepting Growth: Karman Secures $218M Lockheed Martin Deal Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report).

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CHARLOTTE, N.C.--(BUSINESS WIRE)--Honeywell Technologies (NASDAQ: HON) today announced financial results for the third quarter of 2026.

The company reported third-quarter sales of $5.0 billion, up 1% reported and 7% organic1, driven by broad-based strength across all three segments, pricing actions, and continued demand across key end markets. Backlog increased 7% year over year to nearly $19 billion, excluding Warehouse and Workflow Solutions (WWS) and Productivity Solutions and Services (PSS) divestitures in 3Q 2026.

Operating income increased 79% and segment profit1 increased 23% driven by productivity, including elimination of stranded costs related to prior spin-offs and divestitures, pricing actions that more than offset inflation, and volume leverage. Operating margin of 14.8% increased 640 basis points and segment margin1 of 21.3% expanded 370 basis points, led by Industrial Automation and Building Automation.

Reported EPS decreased 20% primarily due to a one-time gain from the Resideo termination agreement in prior year. Excluding the impact of this and other items, adjusted earnings per share1 increased 34% year over year to $2.27 driven by organic sales growth, higher segment profit, and lower net interest expense.

Finally, operating cash flow of $607 million decreased 74% primarily due to the one-time settlement from the Resideo termination agreement in prior year, while free cash flow1 of $688 million increased 15%, with free cash flow conversion1 of 95%, driven by higher operating income and lower capital expenditures.

Management Commentary

“Honeywell Technologies delivered strong results across the business in our first quarter as a standalone company. Continued momentum across all three segments, together with our improving position in high-growth verticals, translated to 7% organic sales growth, above the three-year target set at our June Investor Day. This performance, coupled with continued progress reducing fixed cost, enabled adjusted operating income to increase at more than three times the rate of sales, while adjusted EPS rose 34%, well ahead of our expectations for the quarter. As a result of this strong performance, we are raising our full-year 2026 outlook, which gives me great confidence in our long-term strategy and our ability to deliver on our 2029 targets,” said Chairman and Chief Executive Officer Vimal Kapur.

Table 1: Summary of Financial Results

(Dollars in millions, except per share amounts)

  3Q 2026

3Q 2025

Change

Sales

$4,994

$4,929

1%

Organic1 Growth

7%

Operating Income

$740

$413

79%

Operating Income Margin

14.8%

8.4%

640 bps

Segment Profit1

$1,062

$866

23%

Segment Margin1

21.3%

17.6%

370 bps

Earnings Per Share - Continuing Operations

$2.40

$2.99

(20%)

Adjusted Earnings Per Share1

$2.27

$1.70

34%

Cash Flow from Operations - Continuing Operations

$607

$2,306

(74%)

Free Cash Flow1,4

$688

$599

15%

Table 2: Summary of Segment Financial Results

(Dollars in millions)

  BUILDING AUTOMATION

3Q 2026

3Q 2025

Change

Sales

$2,020

$1,878

8%

Organic1 Growth

8%

Segment Profit

$546

$502

9%

Segment Margin

27.0%

26.7%

30 bps

PROCESS AUTOMATION AND TECHNOLOGY

Sales

$1,859

$1,598

16%

Organic1 Growth

8%

Segment Profit

$412

$389

6%

Segment Margin

22.2%

24.3%

(210) bps

INDUSTRIAL AUTOMATION

Sales

$1,115

$1,450

(23%)

Organic1 Growth

4%

Segment Profit

$205

$216

(5%)

Segment Margin

18.4%

14.9%

350 bps

Building Automation sales grew 8% organically1 year over year. Building products grew 11%, fueled by the fire and security businesses, while building solutions grew 4% on continued strength in services. Segment margin expanded 30 basis points to 27.0%, benefiting from volume leverage and pricing actions that offset inflation.

Process Automation and Technology sales increased 8% organically1 year over year. Project sales grew 14% led by continued growth in LNG and petrochemical projects, while aftermarket grew 4% driven primarily by refining demand. Margins contracted 210 basis points as expected driven by project mix and dilution from the acquisition of Johnson Matthey’s Catalyst Technologies business.

Industrial Automation sales grew 4% organically1 year over year led by 16% growth in solutions, driven primarily by industrial measurement and utilities. Products were flat year over year with double-digit growth in sensing largely offset by industry-wide meter deployment deferrals in utilities. Segment margin expanded 350 basis points year over year to 18.4%, driven primarily by price and productivity actions, partially offset by inflation.

Table 3: Full-Year 2026 Guidance1

  Previous Guidance

Current Guidance

Sales

$19.8B - $20.0B

$20.0B - $20.1B

Organic Growth

3% - 4%

4% - 5%

Segment Margin2

20.1% - 20.5%

~20.5%

Expansion

Up 250 - 290 bps

Up ~290 bps

Adjusted Earnings Per Share2,3

$8.05 - $8.35

$8.40 - $8.45

Adjusted Earnings Growth3

25% - 29%

30% - 31%

Operating Cash Flow

~$2.1B

~$2.1B

Free Cash Flow4

~$2.0B

~$2.1B

1

See additional information at the end of this release regarding non-GAAP financial measures.

2

Segment margin and adjusted EPS are non-GAAP financial measures. Management cannot reliably predict or estimate, without unreasonable effort, the impact and timing on future operating results arising from items excluded from segment margin and adjusted EPS. We therefore, do not present a guidance range, or a reconciliation to, the nearest GAAP financial measures of operating margin or EPS.

3

Adjusted EPS and adjusted EPS V% guidance excludes items identified in the non-GAAP reconciliation of adjusted EPS at the end of this release, and any potential future one-time items that we cannot reliably predict or estimate.

4

With respect to historical periods, free cash flow adjusts for capital expenditures, separation-related cost payments, Resideo indemnification and reimbursement agreement termination payment, cash payment for settlement of the divestiture of asbestos liabilities, and cash flows attributable to Quantinuum. With respect to the company’s outlook for 2026, free cash flow adjusts for capital expenditures, separation-related cost payments, and cash flows attributable to Quantinuum.

Revised 2026 Guidance

Honeywell Technologies is raising its full-year outlook for organic revenue, adjusted EPS and free cash flow, and also now expects segment margin to be at the previous high end of guidance, following strong third quarter performance and continued momentum across the portfolio. The company now expects full-year sales of $20.0 billion to $20.1 billion with organic1 sales growth of 4% to 5%, and 5% to 6% organic1 growth in the fourth quarter; segment margin1 of approximately 20.5%, at the upper end of its previous guidance range, representing segment margin1 expansion of approximately 290 basis points; and adjusted earnings per share1 of $8.40 to $8.45, up 30% to 31%, representing a $0.23 increase from the midpoint of its previous guidance range. Finally, operating cash flow and free cash flow are now expected to be ~$2.1 billion each.

Conference Call Details

Honeywell Technologies will discuss its third-quarter results and full-year 2026 guidance during an investor conference call starting at 8:30 a.m. Eastern Daylight Time today. A live webcast of the investor call as well as related presentation materials will be available through the Investor Relations section of the company's website (www.honeywell.com/investor). A replay of the webcast will be available for 30 days following the presentation.

About Honeywell Technologies

Honeywell Technologies is a global, pure-play automation company with a legacy of innovating to help solve the world's most mission-critical challenges, enhancing the quality of life for people and communities around the world. We serve the building, industrial, and process sectors with a broad portfolio of services, solutions, and products, underpinned by our Honeywell Technologies Accelerator operating system and Honeywell Technologies Forge intelligence layer. By combining the deep domain expertise of our more than 50,000 employees with decades of data from our global installed base, we are uniquely positioned to lead the industrial sector's transition from automation to autonomy. For more news and information on Honeywell Technologies, please visit Honeywell Technologies Newsroom.

Additional Information

Honeywell Technologies uses our Investor Relations website, investor.honeywell.com, as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media.

Forward Looking Statements

We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). Forward-looking statements are those that address activities, events, or developments that we or our management intend, expect, project, believe, or anticipate will or may occur in the future. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control. They are not guarantees of future performance, and actual results, developments, and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as changes in or application of trade and tax laws and policies, including the impacts of tariffs and other trade barriers and restrictions, lower GDP growth or recession in the U.S. or globally, supply chain disruptions, capital markets volatility, inflation, and certain regional conflicts, including ongoing conflicts in the Middle East, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. These forward-looking statements should be considered in light of the information included in this release, our Form 10-K, and our other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.

This release contains financial measures presented on a non-GAAP basis. Honeywell Technologies' non-GAAP financial measures used in this release are as follows:

Segment profit, on an overall Honeywell Technologies basis; Segment profit margin, on an overall Honeywell Technologies basis; Organic sales growth; Free cash flow; Free cash flow conversion; and Adjusted earnings per share. Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Refer to the Appendix attached to this release for reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures.

Source: Honeywell Technologies

Earnings (HON-ER)

Honeywell International Inc.

Consolidated Statement of Operations (Unaudited)

(Dollars in millions, except per share amounts)

  Three Months Ended
September 30,

Nine Months Ended
September 30,

2026

2025

2026

2025

Product sales

$

3,628

$

3,573

$

10,856

$

10,724

Service sales

1,366

1,356

4,148

3,979

Net sales

4,994

4,929

15,004

14,703

Costs, expenses and other

Cost of products sold

2,127

2,041

6,421

6,179

Cost of services sold

849

1,114

2,593

2,749

Total Cost of products and services sold

2,976

3,155

9,014

8,928

Research and development expenses

239

268

825

774

Selling, general and administrative expenses

1,039

1,093

3,078

3,372

Impairment of assets held for sale

—

—

311

15

Loss on debt extinguishment

—

—

241

—

Gain on deconsolidation of subsidiary

—

—

(6,629

)

—

Other (income) expense

(389

)

(957

)

(301

)

(1,124

)

Interest and other financial charges

143

263

579

715

Total costs, expenses and other

4,008

3,822

7,118

12,680

Income from continuing operations before taxes and equity losses

986

1,107

7,886

2,023

Tax expense

60

153

1,378

427

Equity loss

147

—

412

—

Net income from continuing operations

779

954

6,096

1,596

Net (loss) income from discontinued operations

(103

)

905

1,061

3,299

Net income

676

1,859

7,157

4,895

Less: Net (loss) income attributable to noncontrolling interest

12

34

(10

)

51

Net income attributable to Honeywell Technologies

$

664

$

1,825

$

7,167

$

4,844

Earnings per share of common stock—basic:

Earnings per share of common stock from continuing operations—basic

$

2.42

$

3.01

$

19.30

$

5.02

Earnings per share of common stock from discontinued operations—basic

(0.33

)

2.73

3.29

10.11

Total earnings per share of common stock—basic

$

2.09

$

5.74

$

22.59

$

15.13

Earnings per share of common stock—assuming dilution:

Earnings per share of common stock from continuing operations—assuming dilution

$

2.40

$

2.99

$

19.19

$

4.99

Earnings per share of common stock from discontinued operations—assuming dilution

(0.32

)

2.72

3.27

10.05

Total earnings per share of common stock—assuming dilution

$

2.08

$

5.71

$

22.46

$

15.04

Weighted average number of shares outstanding - basic

317.5

317.7

317.3

320.2

Weighted average number of shares outstanding - assuming dilution

319.2

319.4

319.1

322.0

Honeywell International Inc.

Segment Data (Unaudited)

(Dollars in millions)

  Three Months Ended
September 30,

Nine Months Ended
September 30,

Net sales

2026

2025

2026

2025

Building Automation

$

2,020

$

1,878

$

5,904

$

5,396

Process Automation and Technology

1,859

1,598

5,051

4,656

Industrial Automation

1,115

1,450

4,039

4,627

Total Segment sales

4,994

4,926

14,994

14,679

Quantinuum

—

3

10

24

Total Net sales

$

4,994

$

4,929

$

15,004

$

14,703

Reconciliation of Segment Profit to Income Before Taxes

  Three Months Ended
September 30,

Nine Months Ended
September 30,

Segment profit

2026

2025

2026

2025

Building Automation

$

546

$

502

$

1,584

$

1,421

Process Automation and Technology

412

389

1,142

1,088

Industrial Automation

205

216

703

704

Corporate and All Other

(101

)

(241

)

(438

)

(650

)

Total Segment profit

1,062

866

2,991

2,563

Interest and other financial charges

(143

)

(263

)

(579

)

(715

)

Interest income1

50

85

207

247

Amortization of acquisition-related intangibles2

(131

)

(135

)

(352

)

(364

)

Impairment of assets held for sale

—

—

(311

)

(15

)

Stock compensation expense3

(104

)

(22

)

(182

)

(115

)

Pension ongoing income4

90

75

263

151

Other postretirement income4

2

3

6

11

Repositioning and other gains (charges)5

(17

)

581

(133

)

516

Loss on debt extinguishment

—

—

(241

)

—

Divestiture-related costs6

(94

)

(25

)

(489

)

(70

)

Gain on deconsolidation of subsidiary

—

—

6,629

—

Equity loss

(147

)

—

(412

)

—

Gain (loss) on sale of non-strategic businesses and assets1

339

—

345

(30

)

Other expense7

(68

)

(18

)

(128

)

(36

)

Quantinuum Loss8

—

(40

)

(140

)

(120

)

Income before taxes

$

839

$

1,107

$

7,474

$

2,023

1

Amounts included in Other (income) expense.

2

Amounts included in Cost of products and services sold.

3

Amounts included in Selling, general and administrative expenses.

4

Amounts included in Cost of products and services sold (service cost component), Selling, general and administrative expenses (service cost component), Research and development expenses (service cost component), and Other (income) expense (non-service cost component).

5

Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other (income) expense.

6

Amounts included in Selling, general and administrative expenses, Research and development expenses, and Other (income) expense.

7

Amounts include the other components of Selling, general and administrative expenses and Other (income) expense not included within other categories in this reconciliation. Equity income of affiliated companies from strategically aligned investments and trademark licensing income are included in segment profit.

8

Includes consolidated losses of Quantinuum prior to the deconsolidation of the Company’s investment in Quantinuum, which does not meet the definition of an operating segment. Included in Net sales, Cost of products and services sold, Research and development expenses, Selling, general and administrative expenses, and Other (income) expense.

Honeywell International Inc.

Consolidated Balance Sheet (Unaudited)

(Dollars in millions)

  September 30, 2026

December 31, 2025

Assets

Current assets

Cash and cash equivalents

$

5,694

$

12,273

Short-term investments

492

443

Accounts receivable, less allowances of $155 and $167, respectively

5,086

4,429

Inventories

2,056

1,677

Assets held for sale

—

2,492

Other current assets

988

841

Current assets of discontinued operations

—

8,232

Total current assets

14,316

30,387

Equity method investments

7,273

195

Long-term receivables and other investments

1,114

1,113

Property, plant and equipment—net

2,706

2,466

Goodwill

17,561

18,054

Other intangible assets—net

5,442

5,161

Deferred income taxes

199

156

Other assets

4,487

4,537

Assets of discontinued operations

—

11,612

Total assets

$

53,098

$

73,681

Liabilities

Current liabilities

Accounts payable

$

3,592

$

3,434

Commercial paper and other short-term borrowings

2,424

5,893

Current maturities of long-term debt

3,783

1,541

Accrued liabilities

5,112

5,063

Liabilities held for sale

—

1,198

Current liabilities of discontinued operations

—

6,285

Total current liabilities

14,911

23,414

Long-term debt

10,386

27,137

Deferred income taxes

1,561

815

Postretirement benefit obligations other than pensions

80

111

Other liabilities

3,506

3,986

Liabilities of discontinued operations

—

3,188

Shareowners' equity

22,654

15,030

Total liabilities and shareowners’ equity

$

53,098

$

73,681

Honeywell International Inc.

Consolidated Statement of Cash Flows (Unaudited)

(Dollars in millions)

  Three Months Ended
September 30,

Nine Months Ended
September 30,

2026

2025

2026

2025

Cash flows from operating activities

Net income

$

676

$

1,859

$

7,157

$

4,895

Less: Net income from discontinued operations

(103

)

905

1,061

3,299

Net income from continuing operations

779

954

6,096

1,596

Adjustments to reconcile net income from continuing operations to net cash provided by operating activities

Depreciation

70

72

215

206

Amortization

186

176

483

510

Gain on deconsolidation of subsidiary

—

—

(6,629

)

—

Equity loss (income) of affiliated companies

157

(2

)

397

(14

)

(Gain) loss on sale of non-strategic businesses and assets

(346

)

—

(351

)

29

Impairment of assets held for sale

—

—

311

15

Loss on debt extinguishment

—

—

241

—

Repositioning and other charges

13

(583

)

133

(516

)

Net payments for repositioning and other charges

(21

)

(93

)

(119

)

(307

)

Resideo indemnification and reimbursement agreement termination payment

—

1,590

—

1,590

Pension and other postretirement income

(91

)

(80

)

(268

)

(164

)

Pension and other postretirement benefit payments

3

(3

)

(6

)

(13

)

Stock compensation expense

104

23

182

115

Deferred income taxes

(533

)

(142

)

687

(248

)

Other

(322

)

(56

)

(2

)

(362

)

Changes in assets and liabilities, net of the effects of acquisitions and divestitures:

Accounts receivable

(217

)

93

(546

)

(344

)

Inventories

(18

)

(23

)

(50

)

(297

)

Other current assets

126

4

(206

)

(168

)

Accounts payable

(178

)

196

44

376

Accrued liabilities

1,019

(112

)

567

510

Income taxes

(124

)

292

(247

)

96

Net cash provided by operating activities from continuing operations

607

2,306

932

2,610

Net cash (used for) provided by operating activities - discontinued operations

(488

)

982

(189

)

2,594

Net cash provided by operating activities

119

3,288

743

5,204

Cash flows from investing activities

Capital expenditures

(77

)

(150

)

(369

)

(375

)

Increase in investments

(266

)

(384

)

(771

)

(1,064

)

Decrease in investments

215

295

728

1,047

Receipts (payments) from settlements of derivative contracts

(2

)

12

123

(403

)

Cash paid for acquisitions, net of cash acquired

(1,743

)

(38

)

(1,763

)

(2,201

)

Deconsolidation of subsidiary cash

—

—

(623

)

—

Proceeds from sale of business, net of cash transferred

1,448

—

1,454

1,157

Net cash used for investing activities from continuing operations

(425

)

(265

)

(1,221

)

(1,839

)

Net cash used for investing activities from discontinued operations

—

(223

)

(252

)

(529

)

Net cash used for investing activities

(425

)

(488

)

(1,473

)

(2,368

)

Cash flows from financing activities

Proceeds from issuance of commercial paper and other short-term borrowings

4,502

7,308

12,413

19,171

Payments of commercial paper and other short-term borrowings

(4,558

)

(6,721

)

(15,882

)

(16,711

)

Proceeds from issuance of common stock

47

42

246

140

Proceeds from issuance of long-term debt

—

—

—

4,035

Payments of long-term debt

(1,501

)

(246

)

(14,688

)

(1,555

)

Repurchases of common stock

—

(100

)

(1,000

)

(3,704

)

Cash dividends paid

(240

)

(735

)

(1,816

)

(2,214

)

Pre-separation funding

—

—

15,835

—

Spin-off cash

(1,000

)

—

(1,000

)

—

Other

(21

)

233

(125

)

198

Net cash used for financing activities

(2,771

)

(219

)

(6,017

)

(640

)

Effect of foreign exchange rate changes on cash and cash equivalents

22

—

(46

)

167

Net (decrease) increase in cash and cash equivalents

(3,057

)

2,581

(6,793

)

2,363

Cash and cash equivalents at beginning of period

8,751

10,349

12,487

10,567

Cash and cash equivalents at end of period

$

5,694

$

12,930

$

5,694

$

12,930

Appendix

Non-GAAP Financial Measures

The following information provides definitions and reconciliations of certain non-GAAP financial measures presented in this press release to which reconciliations are attached to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP).

Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Other companies may calculate these non-GAAP measures differently, limiting the usefulness of these measures for comparative purposes.

Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitations of these non-GAAP financial measures are that they exclude significant expenses and income that are required by GAAP to be recognized in the consolidated financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expenses and income are excluded or included in determining these non-GAAP financial measures. Investors are urged to review the reconciliation of the non-GAAP financial measures to the comparable GAAP financial measures and not to rely on any single financial measure to evaluate Honeywell Technologies’ businesses.

As indicated herein, certain forward-looking non-GAAP financial measures are not reconciled because management cannot reliably predict or estimate certain items for the reasons specified herein with respect to each non-GAAP financial measure.

Honeywell International Inc.

Reconciliation of Organic Sales Percent Change

(Unaudited)

  Three Months Ended
September 30, 2026

Honeywell Technologies

Reported sales percent change

1%

Less: Impact of divestitures to the prior period

(8)%

Reported sales percent change, adjusted for impact of divestitures

9%

Less: Foreign currency translation

—%

Less: Acquisitions

2%

Less: Other

—%

Organic sales percent change

7%

Building Automation

Reported sales percent change

8%

Less: Impact of divestitures to the prior period

—%

Reported sales percent change, adjusted for impact of divestitures

8%

Less: Foreign currency translation

—%

Less: Acquisitions

—%

Less: Other

—%

Organic sales percent change

8%

Process Automation and Technology

Reported sales percent change

16%

Less: Impact of divestitures to the prior period

—%

Reported sales percent change, adjusted for impact of divestitures

16%

Less: Foreign currency translation

—%

Less: Acquisitions

8%

Less: Other

—%

Organic sales percent change

8%

Industrial Automation

Reported sales percent change

(23)%

Less: Impact of divestitures to the prior period

(27)%

Reported sales percent change, adjusted for impact of divestitures

4%

Less: Foreign currency translation

—%

Less: Acquisitions

—%

Less: Other

—%

Organic sales percent change

4%

We define organic sales percentage as the year-over-year change in reported sales relative to the comparable period, adjusted for the impact of divestitures to the prior period, and excluding the impact on sales from foreign currency translation, acquisitions for the first 12 months following the transaction date, and certain other items that are unusual or non-recurring in nature. We believe this measure is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.

A quantitative reconciliation of reported sales percent change to organic sales percent change has not been provided for the forward-looking measure of organic sales percent change because management cannot reliably predict or estimate, without unreasonable effort, the fluctuations in global currency markets that impact foreign currency translation, nor is it reasonable for management to predict the timing, occurrence and impact of acquisition and divestiture transactions, all of which could significantly impact our reported sales percent change.

Honeywell International Inc.

Reconciliation of Operating Income to Segment Profit, Calculation of Operating Income and Segment Profit Margins

(Unaudited)

(Dollars in millions)

  Three Months Ended
September 30,

Twelve Months
Ended
December 31,

2026

2025

2025

Operating income

$

740

$

413

$

1,171

Stock compensation expense1

104

22

153

Repositioning, other2,3

20

223

390

Pension and other postretirement service costs4

13

14

57

Amortization of acquisition-related intangibles5

131

135

509

Acquisition-related costs6

7

9

2

Divestiture-related costs7

2

—

—

ERP implementation costs1

9

—

—

Indefinite-lived intangible asset impairment1

—

—

44

Impairment of goodwill

—

—

724

Impairment of assets held for sale

—

—

270

Loss on Quantinuum8

—

50

187

Trademark licensing income9

36

—

—

Segment profit

$

1,062

$

866

$

3,507

Operating income

$

740

$

413

$

1,171

÷ Segment sales

4,994

4,929

19,915

Operating income margin %

14.8

%

8.4

%

5.9

%

Segment profit

$

1,062

$

866

$

3,507

÷ Segment sales

4,994

4,929

19,915

Segment profit margin %

21.3

%

17.6

%

17.6

%

1

Included in Selling, general and administrative expenses.

2

Includes repositioning, asbestos, environmental expenses, equity income adjustment, and other charges.

3

Included in Cost of products and services sold and Selling, general and administrative expenses.

4

Included in Cost of products and services sold, Research and development expenses, and Selling, general and administrative expenses.

5

Included in Cost of products and services sold.

6

Included in Cost of products and services sold. Includes acquisition-related fair value adjustments to inventory.

7

Included in Selling, general and administrative expenses.

8

Includes consolidated losses of Quantinuum prior to the deconsolidation of the Company’s investment in Quantinuum, which does not meet the definition of an operating segment. Included in Net sales, Cost of products and services sold, Research and development expenses, and Selling, general and administrative expenses.

9

Included in segment profit and recorded within Other (income) expense.

We define operating income as segment sales less total cost of products and services sold, research and development expenses, selling, general and administrative expenses, impairment of goodwill, and impairment of assets held for sale. We define segment profit, on an overall Honeywell Technologies basis, as operating income, excluding stock compensation expense, pension and other postretirement service costs, amortization of acquisition-related intangibles, certain acquisition- and divestiture-related costs and impairments, repositioning and other charges, trademark licensing income, and the results of Quantinuum. We define segment profit margin, on an overall Honeywell Technologies basis, as segment profit divided by net sales. We believe these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.

A quantitative reconciliation of operating income to segment profit, on an overall company basis, has not been provided for all forward-looking measures of segment profit and segment profit margin included herein. Management cannot reliably predict or estimate, without unreasonable effort, the impact and timing on future operating results arising from items excluded from segment profit. The information that is unavailable to provide a quantitative reconciliation could have a significant impact on our reported financial results. To the extent quantitative information becomes available without unreasonable effort in the future, and closer to the period to which the forward-looking measures pertain, a reconciliation of operating income to segment profit will be included within future filings.

Acquisition amortization and acquisition- and divestiture-related costs are significantly impacted by the timing, size, and number of acquisitions or divestitures we complete and are not on a predictable cycle and we make no comment as to when or whether any future acquisitions or divestitures may occur. We believe excluding these costs provides investors with a more meaningful comparison of operating performance over time and with both acquisitive and other peer companies.

Honeywell International Inc.

Reconciliation of Earnings per Share to Adjusted Earnings per Share

(Unaudited)

  Three Months Ended
September 30,

Twelve Months Ended
December 31,

2026

2025

2025

2026(E)

Earnings per share of common stock from continuing operations - diluted1

$

2.40

$

2.99

$

3.24

$21.88 - $21.93

Pension income2

(0.21

)

(0.18

)

(0.13

)

No Forecast

Amortization of acquisition-related intangibles3

0.32

0.32

1.20

1.20

Acquisition-related costs4

0.10

0.05

0.11

0.12

Divestiture-related costs5

(0.04

)

0.57

0.81

No Forecast

Debt restructuring costs6

—

—

—

0.71

ERP implementation costs7

0.02

—

—

0.08

Impairment of assets held for sale8

—

—

0.65

0.74

Indefinite-lived intangible asset impairment9

—

—

0.14

—

Impairment of goodwill10

—

—

2.25

—

(Gain) loss on sale of business11

(0.67

)

—

0.09

(0.69)

Gain related to Resideo indemnification and reimbursement agreement termination12

—

(2.51

)

(2.50

)

—

Adjustment to estimated future environmental liabilities13

—

0.07

0.07

—

Loss on settlement of divestiture of asbestos liabilities14

—

0.35

0.35

—

Impact of Russia-Ukraine conflict15

—

—

—

0.02

Gain on deconsolidation of Quantinuum16

—

—

—

(15.83)

Equity loss of Quantinuum17

0.35

—

—

No Forecast

Loss on Quantinuum18

—

0.04

0.18

0.17

Adjusted earnings per share of common stock from continuing operations - diluted

$

2.27

$

1.70

$

6.46

$8.40 - 8.45

1

For the three months ended September 30, 2026 and 2025, adjusted earnings per share utilizes weighted average shares of 319.2 million and 319.4 million, respectively. For the twelve months ended December 31, 2025, adjusted earnings per share utilizes weighted average shares of 321.4 million. For the twelve months ended December 31, 2026, expected earnings per share utilizes weighted average shares of approximately 319.4 million.

2

For the three months ended September 30, 2026 and 2025, pension income was $67 million and $58 million, net of tax expense of $22 million and $18 million, respectively. For the twelve months ended December 31, 2025, pension income was $40 million, net of tax expense of $25 million.

3

For the three months ended September 30, 2026 and 2025, acquisition-related intangibles amortization includes $102 million and $102 million, net of tax benefit of $29 million and $33 million, respectively. For the twelve months ended December 31, 2025, acquisition-related intangibles amortization includes $386 million, net of tax benefit of $123 million. For the twelve months ended December 31, 2026, the expected adjustment for acquisition-related intangibles amortization includes approximately $382 million, net of tax benefit of approximately $90 million.

4

For the three months ended September 30, 2026 and 2025, the adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs was $31 million and $17 million, net of tax benefit of $9 million and $5 million, respectively. For the twelve months ended December 31, 2025, the adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, was $35 million, net of tax benefit of $10 million. For the twelve months ended December 31, 2026, the expected adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs, is approximately $39 million, net of tax benefit of approximately $12 million.

5

For the three months ended September 30, 2026 and 2025, the adjustment for divestiture-related costs, which is principally comprised of third-party transaction, separation and simplification costs, was $12 million and $180 million, net of tax benefit of $182 million and tax expense of $122 million, respectively. For the twelve months ended December 31, 2025, the adjustment for divestiture-related costs was $262 million, net of tax expense of $31 million.

6

For the twelve months ended December 31, 2026, the expected adjustment for debt restructuring costs excluding spin-off impact is $228 million, net of tax benefit of $70 million.

7

For the three months ended September 30, 2026, the adjustment for ERP implementation costs was $7 million, net of tax benefit of $2 million. For the twelve months ended December 31, 2026, the expected adjustment for ERP implementation costs is approximately $26 million, net of tax benefit of approximately $6 million.

8

For the twelve months ended December 31, 2025, the impairment charge of assets held for sale was $209 million, net of tax benefit of $61 million. For the twelve months ended December 31, 2026, the expected impairment charge of assets held for sale is $236 million, net of tax benefit of $75 million.

9

For the twelve months ended December 31, 2025, the impairment charge of indefinite-lived intangible assets associated with the Industrial Automation reportable segment was $44 million, without tax benefit.

10

For the twelve months ended December 31, 2025, the impairment charge of goodwill associated with the Industrial Automation reportable segment was $724 million, without tax benefit.

11

For the three months ended September 30, 2026, the (gain) loss on sale of personal protection equipment business was $216 million, net of tax expense of $123 million. For the twelve months ended December 31, 2025, the adjustment for loss on sale of the personal protective equipment business was $28 million, net of tax benefit of $2 million. For the twelve months ended December 31, 2026, the expected gain on sale of personal protection equipment business is $221 million, net of tax expense of $124 million.

12

For the three months ended September 30, 2025, the gain related to the Resideo indemnification and reimbursement agreement termination was $802 million, without tax impact. For the twelve months ended December 31, 2025, the gain related to the Resideo indemnification and reimbursement agreement termination was $802 million, without tax impact.

13

For the three months ended September 30, 2025, the adjustment to increase environmental liabilities was $22 million, net of tax benefit of $7 million. For the twelve months ended December 31, 2025, the adjustment to increase environmental liabilities was $22 million, net of tax benefit of $7 million.

14

For the three months ended September 30, 2025, the adjustment for loss on settlement of divestiture of asbestos liabilities was $112 million, net of

tax benefit of $36 million. For the twelve months ended December 31, 2025, the adjustment for loss on settlement of divestiture of asbestos liabilities was $112 million, net of tax benefit of $36 million.

15

For the twelve months ended December 31, 2026, the expected adjustment for the impact of the Russia-Ukraine conflict is approximately $6 million, net of tax benefit of approximately $2 million.

16

Includes the gain from the deconsolidation of Quantinuum of $5,057 million, net of tax expense of $1,572 million.

17

For the three months ended September 30, 2026, the adjustment for equity losses on Quantinuum is $112 million, net of tax benefit of $35 million. The equity losses of Quantinuum are based on our proportionate share of Quantinuum's earnings or losses, which are outside of the Company's control. We therefore do not include an estimate for these amounts.

18

Includes consolidated losses of Quantinuum prior to the deconsolidation of the Company’s investment in Quantinuum, which does not meet the definition of an operating segment. For the three months ended September 30, 2025, the net income adjustment for Quantinuum was $35 million, net of tax benefit of $11 million. The net adjustment also reflects an adjustment to NCI of $16 million for the three months ended September 30, 2025. For the twelve months ended December 31, 2025, the net income adjustment for Quantinuum was $135 million, net of tax benefit of $43 million. The net adjustment also reflects an adjustment to NCI of $78 million for the twelve months ended December 31, 2025. For the twelve months ended December 31, 2026, the expected net income adjustment for Quantinuum is approximately $107 million, net of tax benefit of approximately $33 million. The net adjustment also reflects an adjustment to NCI of approximately $55 million for the twelve months ended December 31, 2026.

We define adjusted earnings per share as diluted earnings per share from continuing operations adjusted to exclude various charges as listed above. We believe adjusted earnings per share is a measure that is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. For forward-looking information, management cannot reliably predict or estimate, without unreasonable effort, pension income or the divestiture-related costs. The pension income is dependent on macroeconomic factors, such as interest rates and the return generated on invested pension plan assets. The divestiture-related costs are subject to detailed development and execution of separation restructuring and simplification plans for the recently completed separation of Honeywell Technologies and Honeywell Aerospace. The equity losses of Quantinuum are based on our proportionate share of Quantinuum's earnings or losses, which are outside of the Company's control. We therefore do not include an estimate for these amounts. Based on economic and industry conditions, future developments, and other relevant factors, these assumptions are subject to change.

Acquisition amortization and acquisition- and divestiture-related costs are significantly impacted by the timing, size, and number of acquisitions or divestitures we complete and are not on a predictable cycle and we make no comment as to when or whether any future acquisitions or divestitures may occur. We believe excluding these costs provides investors with a more meaningful comparison of operating performance over time and with both acquisitive and other peer companies.

Honeywell International Inc.

Reconciliation of Cash Provided by Operating Activities to Free Cash Flow

(Unaudited)

(Dollars in millions)

  Three Months
Ended
September 30,
2026

Three Months
Ended
September 30,
2025

Twelve Months
Ended
December 31,
2026(E)

Cash provided by operating activities from continuing operations

$

607

$

2,306

$

2.1

Capital expenditures

(77

)

(150

)

~(0.6)

Separation-related cost payments

158

2

~0.5

Quantinuum

—

31

~0.1

Resideo indemnification and reimbursement agreement termination payment

—

(1,590

)

—

Free cash flow

$

688

$

599

~$2.1

We define free cash flow as cash provided by operating activities from continuing operations less cash for capital expenditures and excluding spin-off and separation-related cost payments, the Resideo indemnification and reimbursement agreement termination payment, the cash payment for settlement of divestiture of asbestos liabilities, and cash flows attributable to Quantinuum.

We believe that free cash flow is a non-GAAP measure that is useful to investors and management as a measure of cash generated by operations that will be used to repay scheduled debt maturities and can be used to invest in future growth through new business development activities or acquisitions, pay dividends, repurchase stock, or repay debt obligations prior to their maturities. This measure can also be used to evaluate our ability to generate cash flow from operations and the impact that this cash flow has on our liquidity.

Honeywell International Inc.

Reconciliation of Cash Provided by Operating Activities to Free Cash Flow, Reconciliation of Net Income Attributable to Honeywell Technologies to Adjusted Net Income Attributable to Honeywell Technologies, and Calculation of Adjusted Free Cash Flow Conversion (Unaudited)

(Dollars in millions)

  Three Months
Ended
September 30,
2026

Cash provided by operating activities from continuing operations

$

607

Capital expenditures

(77

)

Separation-related cost payments

158

Free cash flow

$

688

Net income attributable to Honeywell Technologies from continuing operations

$

767

Pension income1

(67

)

Amortization of acquisition-related intangibles2

102

Acquisition-related costs3

31

Divestiture-related costs4

(12

)

ERP implementation costs5

7

Gain on sale of business6

(216

)

Equity loss of Quantinuum7

112

Adjusted net income attributable to Honeywell Technologies

$

724

Cash provided by operating activities from continuing operations

$

607

÷ Net income attributable to Honeywell Technologies from continuing operations

$

767

Operating cash flow conversion %

79

%

Free cash flow

$

688

÷ Adjusted net income attributable to Honeywell Technologies

$

724

Adjusted free cash flow conversion %

95

%

1

For the three months ended September 30, 2026, pension income was $67 million, net of tax expense of $22 million.

2

For the three months ended September 30, 2026, acquisition-related intangibles amortization includes $102 million net of tax benefit of $29 million.

3

For the three months ended September 30, 2026, the adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs was $31 million, net of tax benefit of $9 million.

4

For the three months ended September 30, 2026, the adjustment for divestiture-related costs, which is principally comprised of third-party transaction, separation and simplification costs, was $12 million, net of tax benefit of $182 million.

5

For the three months ended September 30, 2026, the adjustment for ERP implementation costs was $7 million, net of tax benefit of $2 million.

6

For the three months ended September 30, 2026, the gain on sale of personal protection equipment business was $216 million, net of tax expense of $123 million.

7

For the three months ended September 30, 2026, the adjustment for equity losses on Quantinuum is $112 million, net of tax benefit of $35 million.

We define free cash flow as cash provided by operating activities from continuing operations less cash for capital expenditures and excluding separation-related cost payments, the Resideo indemnification and reimbursement agreement termination payment, the cash payment for settlement of divestiture of asbestos liabilities, and cash flows attributable to Quantinuum. We define adjusted net income attributable to Honeywell Technologies as net income attributable to Honeywell Technologies from continuing operations adjusted to exclude various items as listed above. We define adjusted free cash flow conversion as free cash flow divided by adjusted net income attributable to Honeywell Technologies.

We believe that free cash flow and adjusted free cash flow conversion are non-GAAP measures that are useful to investors and management as a measure of cash generated by operations that will be used to repay scheduled debt maturities and can be used to invest in future growth through new business development activities or acquisitions, pay dividends, repurchase stock, or repay debt obligations prior to their maturities. These measures can also be used to evaluate our ability to generate cash flow from operations and the impact that this cash flow has on our liquidity.

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