Akcie společnosti Kinder Morgan v posledním obchodním dni klesly o 1,16 % na 31,60 USD, zatímco index S&P 500 vzrostl o 1,06 %. Za poslední měsíc akcie přidaly 2,73 %.
In the latest close session, Kinder Morgan (KMI - Free Report) was down 1.16% at $31.60. This change lagged the S&P 500's 1.06% gain on the day. Meanwhile, the Dow gained 1.18%, and the Nasdaq, a tech-heavy index, added 1.4%.
The stock of oil and natural gas pipeline and storage company has risen by 2.73% in the past month, lagging the Oils-Energy sector's gain of 4.7% and overreaching the S&P 500's gain of 2.46%.
The investment community will be closely monitoring the performance of Kinder Morgan in its forthcoming earnings report. In that report, analysts expect Kinder Morgan to post earnings of $0.33 per share. This would mark year-over-year growth of 13.79%. Simultaneously, our latest consensus estimate expects the revenue to be $4.49 billion, showing a 8.33% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.54 per share and a revenue of $18.49 billion, indicating changes of +18.46% and +9.19%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Kinder Morgan. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.74% upward. As of now, Kinder Morgan holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Kinder Morgan is holding a Forward P/E ratio of 20.73. This valuation marks a premium compared to its industry average Forward P/E of 20.35.
Also, we should mention that KMI has a PEG ratio of 2.27. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Production and Pipelines was holding an average PEG ratio of 1.9 at yesterday's closing price.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 188, putting it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Kirby McInerney LLP vyšetřuje OSI Systems kvůli možnému porušení federálních zákonů o cenných papírech po slabších výsledcích za 4. čtvrtletí 2026. Tržby klesly meziročně o 4,1 % na 484,1 milionu USD a akcie po zprávě spadly o 5,21 %.
NEW YORK, Sept. 03, 2026 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against OSI Systems, Inc. (“OSI” or the “Company”) (NASDAQ: OSIS). The investigation concerns whether the Company and/or members of its senior management may have violated federal securities laws or engaged in other unlawful business practices. If you purchased or otherwise acquired OSI securities, please contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below, to learn more about your rights.
[LEARN MORE ABOUT THE INVESTIGATION]
What Happened?
On August 20, 2026, OSI reported its fourth quarter 2026 and full-year 2026 financial results, revealing fourth quarter revenue that fell short of analysts’ expectations by 8.5%, with sales falling 4.1% year-on-year to $484.1 million. The Company attributed the revenue shortfall to Security division delivery disruptions caused by conflicts in the Middle East, stating, “these results were affected by the timing of approximately $50 million of planned Security deliveries that moved beyond our June 30th fiscal year-end because of conflict-related delays and site access constraints in the Middle East.” On this news, OSI’s stock price fell $11.36, or 5.21%, to close at $206.73 per share on August 21, 2026.
What Should I Do?
At this stage, no lawsuit has been filed. The investigation is ongoing to determine whether claims may be brought under federal securities laws.
If you purchased or otherwise acquired OSI securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.
[LEARN MORE ABOUT SECURITIES CLASS ACTIONS]
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Asana, Inc. (ASAN - Free Report) came out with quarterly earnings of $0.1 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +11.11%. A quarter ago, it was expected that this company would post earnings of $0.08 per share when it actually produced earnings of $0.1, delivering a surprise of +25%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Asana, which belongs to the Zacks Internet - Software industry, posted revenues of $216.43 million for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 1.09%. This compares to year-ago revenues of $196.94 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Asana shares have lost about 28.5% since the beginning of the year versus the S&P 500's gain of 12%.
What's Next for Asana?While Asana has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Asana was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.09 on $218.38 million in revenues for the coming quarter and $0.38 on $860.35 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, SailPoint, Inc. (SAIL - Free Report) , has yet to report results for the quarter ended July 2026. The results are expected to be released on September 9.
This company is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of +14.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
SailPoint, Inc. 's revenues are expected to be $310.4 million, up 17.4% from the year-ago quarter.
Guidewire Software oznámila zisk 0,99 USD na akcii a tržby 411,09 milionu USD za čtvrtletí končící v červenci 2026, obojí nad odhady. Zisk i tržby meziročně vzrostly.
Guidewire Software (GWRE - Free Report) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.84 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +5.32%. A quarter ago, it was expected that this provider of software to the insurance industry would post earnings of $0.79 per share when it actually produced earnings of $0.82, delivering a surprise of +3.8%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Guidewire Software, which belongs to the Zacks Internet - Software industry, posted revenues of $411.09 million for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 2.20%. This compares to year-ago revenues of $356.57 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Guidewire Software shares have lost about 4.1% since the beginning of the year versus the S&P 500's gain of 12%.
What's Next for Guidewire Software?While Guidewire Software has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Guidewire Software was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.83 on $381.97 million in revenues for the coming quarter and $4.07 on $1.68 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Oddity Tech (ODD - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on September 9.
This online retailer of cosmetics and beauty products is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of -87%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Oddity Tech's revenues are expected to be $174.8 million, down 27.5% from the year-ago quarter.
Guidewire Software uzavřela fiskální rok 2026 s ročními opakujícími se příjmy (ARR) ve výši 1,242 miliardy USD, tedy nad odhadem, díky migracím do cloudu a silné poptávce po AI a cloudových cenových produktech. Cloud ARR vzrostl meziročně o 35 % a tvořil 84 % celkového ARR.
Looking Beyond CrowdStrike? 3 AI Security Stocks Stand OutGuidewire Software NYSE: GWRE closed fiscal 2026 with annual recurring revenue, or ARR, above its guidance range, supported by cloud migrations, low customer attrition and demand for newer artificial intelligence and pricing products.
Chief Executive Officer Mike Rosenbaum said ARR ended the fiscal year at $1.242 billion, up 19% year over year on a constant-currency basis. After a $5 million foreign-exchange adjustment at year-end, ARR was $1.237 billion, Chief Financial Officer Jeff Cooper said. Fully ramped ARR, which reflects the annualized value of customer contracts once fully deployed, rose 22% on a constant-currency basis.
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Guidewire’s Buyback Could Be the Clue the Sell-Off Is EndingThe company reported 26 core deals in the fourth quarter and 62 for the full fiscal year, covering PolicyCenter, ClaimCenter, BillingCenter or InsuranceNow. Guidewire’s cloud ARR grew 35% year over year and represented 84% of total ARR, Cooper said.
Nationwide migration and product expansion A key fourth-quarter agreement came from Nationwide, which signed a multiyear deal to move its full InsuranceSuite estate to Guidewire Cloud Platform. Nationwide also selected PricingCenter for personal-lines pricing and rating, becoming Guidewire’s first U.S. tier-one PricingCenter customer, according to the company.
Down 20%+, These 3 Software Stocks Are Boosting BuybacksRosenbaum said the Nationwide relationship, which spans more than a decade, validates Guidewire’s ability to support large insurers in the cloud. He added that the PricingCenter deployment is expected to test the product’s capability and scale for other tier-one insurers.
Guidewire closed eight PricingCenter deals during the fourth quarter and 12 for the full year. Other customers selecting or expanding PricingCenter included Capital Insurance Group, Shelter Insurance and Achmea Farm Insurance in Australia. A longstanding customer in Finland became the company’s first existing InsuranceSuite customer in Europe to adopt the product.
President John Mullen said the pricing market is fragmented, with insurers generally using multiple established rating and pricing tools rather than internally developed systems. He said PricingCenter’s integration with PolicyCenter, Advanced Product Designer and Guidewire’s data platform is intended to help insurers make pricing changes more quickly and accurately.
AI products gain commercial traction Guidewire also highlighted early demand for ProNavigator, an AI-driven assistance product embedded in ClaimCenter and PolicyCenter workflows. The company recorded 14 ProNavigator wins in the fourth quarter and 28 for the full year.
Customers adopting ProNavigator included MAPFRE US, Definity, Alfa Insurance and Hollard in Australia. Mullen said customers are using the product for insurance-domain AI capabilities, claims and adjuster experiences, and as an alternative to internally developed tools.
Rosenbaum said ProNavigator’s early momentum was primarily from cross-selling into Guidewire’s installed base. Over time, he said, the product could differentiate Guidewire’s core systems in new customer opportunities, rather than necessarily serving as a standalone entry point.
The company also said developer assistants are now available to customers and partners, while its Qusar release introduced an agentic platform designed to let insurers build AI agents tailored to their existing Guidewire implementations and workflows. Management emphasized that Guidewire intends to support open architectures and integrations with third-party AI systems, while positioning its core platform as a source of structured insurance data and operational context.
Fiscal 2026 revenue, profits and cash flow For fiscal 2026, Guidewire reported total revenue of $1.475 billion, up 23% year over year. Subscription revenue rose 37% to $916 million, while subscription and support revenue increased 33% to $971 million. License revenue declined 7% to $235 million as customers continued transitioning from term licenses to cloud subscriptions. Services revenue increased 23% to $270 million.
Non-GAAP gross profit rose 25% to $990 million, with an overall gross margin of 67%. Subscription and support gross margin expanded four percentage points to 74.5%. Non-GAAP operating income increased 63% to $340 million. Operating cash flow grew 30% to $390 million. Guidewire ended the period with $1.2 billion in cash equivalents and investments. The company repurchased $606 million of stock during fiscal 2026, representing 4.1 million shares at an average price of $148.41 per share. Rosenbaum also pointed to gross ARR attrition of less than 1.5% across all ARR and less than 1% among core-systems customers.
Cooper said Guidewire had 105 customers with fully ramped ARR above $5 million at fiscal year-end, compared with 86 at the end of fiscal 2025.
Fiscal 2027 outlook For fiscal 2027, Guidewire forecast ARR of $1.45 billion to $1.46 billion, representing 18% constant-currency growth at the midpoint. More than half of the net new ARR included in the outlook is already under contract with defined ramp dates, Cooper said.
The company expects total revenue of $1.707 billion to $1.727 billion, including subscription and support revenue of $1.240 billion to $1.246 billion. Guidewire expects license revenue of about $189 million and services revenue of about $285 million.
Guidewire forecast non-GAAP operating income of $403 million to $423 million, GAAP operating income of $197 million to $217 million, and operating cash flow of $445 million to $465 million. It expects subscription and support gross margin of 75% to 76% and total gross margin of 67% to 68%.
For the first quarter, the company projected ARR of $1.253 billion to $1.259 billion and subscription and support revenue of $279 million to $283 million. Cooper said first-quarter subscription and support margin should be about 77%, aided by roughly $4 million in cloud-infrastructure-provider credits, while services margin is expected to be around break-even due in part to the timing of fixed-fee services engagements.
Cooper also said Chief Accounting Officer David Pedersen plans to retire in early November.
About Guidewire Software (NYSE:GWRE)Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company's offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.
Guidewire's core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
EPC Power's Intelligent Power Conversion Solutions Directly Address the Fundamental Challenges of an Aging U.S. Power Grid Supporting the Energy Demand Supercycle and the AI Era
, /PRNewswire/ -- EPC Power Corp. ("EPC Power"), a leading North American designer and manufacturer of high-performance, software-defined power conversion solutions for data centers, utility-scale energy storage, and microgrids, today announced it has entered into a definitive agreement to be acquired by Flex (NASDAQ: FLEX) for $4.4 billion. The transaction is subject to customary closing conditions, including the receipt of required regulatory approvals, and is expected to close in the fourth quarter of 2026. Building on the two companies' existing collaboration, EPC Power will become, upon closing, a business within Flex's Cloud and Power Infrastructure segment.
The transaction brings EPC Power's differentiated power conversion technology platform to Flex's broad portfolio of power and thermal management technologies for mission-critical applications. EPC Power's next-generation 800-volt data center power architectures, including digital rectifiers and solid-state transformers, enable more efficient power delivery for higher-density AI infrastructure and extend leadership with Flex into an integrated grid-to-chip portfolio. The combined company is positioned to help solve one of the most pressing challenges facing the technology and energy industries today: delivering the fast, resilient and secure power that AI data centers need while supporting stable grid operations amid a generational surge in power demand.
"What we accomplished over the last four years demonstrates the power of strong partnerships and a shared commitment to innovation. Together with Goldman Sachs Alternatives and Cleanhill Partners, EPC Power emerged as a U.S. technology leader in power conversion solutions that enable the next generation of data centers, AI computing, and grid modernization. We expanded our domestic manufacturing footprint nearly tenfold, strengthening America's industrial base and reinforcing the critical role of U.S. innovation in powering the future economy. This is only the beginning of what EPC Power can accomplish," said Jim Fusaro, Chief Executive Officer of EPC Power.
"This is a landmark moment for EPC Power and every colleague who helped build this company. When we founded EPC Power, we set out to solve the hardest problems in power electronics, and our partnership with Goldman Sachs Alternatives and Cleanhill Partners enabled us to solve those problems for mission-critical infrastructure globally," added Devin Dilley, Co-Founder, President and Chief Innovation Officer of EPC Power.
Solving the Binding Constraint on AI Infrastructure
Power availability has become the gating factor for data center growth. As AI workloads drive unprecedented increases in power density, resilience and control requirements, operators must address speed-to-power and load volatility, where the rapid, large-swing power draw of AI training and inference clusters can destabilize the local grid.
EPC Power's technology is purpose-built for these conditions. The company's solutions, including its Agile Grid Forming™ technology, deliver performance and reliability that enables on-site energy storage, microgrid and grid-support configurations for data centers, which allow operators to energize capacity faster and ride through grid instability. Grid operators and utilities benefit from stronger reliability and power quality across their networks.
"We are immensely proud of our partnership with Jim, Devin and the EPC Power team that saw the company launch new product platforms, increase domestic U.S. manufacturing and partner with customers to solve novel challenges in AI power architecture. EPC Power plays a critical role in supporting grid reliability and speed to power during a period of growing concerns around energy security. We wish Flex and the EPC team continued success during their stage of growth," said Alexander Mass, Global Co-Head of Energy Transition Investing within Private Equity at Goldman Sachs Alternatives.
"As grid resilience and data center power demand have converged into one of the defining challenges of the next decade, it has been a privilege to support EPC Power's operational and commercial scale-up into a global platform positioned at the center of those megatrends," added Eddie Sigman, Investor within Private Equity at Goldman Sachs Alternatives.
"We first invested in EPC Power in 2021 because we believed power conversion would become a critical enabling technology as renewable generation, grid modernization and digital infrastructure converged. That conviction came well before the extraordinary growth in power demand driven by AI. Since then, we have had the privilege of working closely with Jim, Devin and the EPC team as the company grew, expanded its U.S. manufacturing footprint and created high-quality jobs in the U.S. We are proud to have supported EPC from an early stage and, in its next phase, alongside Goldman Sachs Alternatives as the business entered a new period of growth. Seeing what the team has built over the past five years has been incredibly rewarding, and we believe Flex is the right partner for EPC's next chapter," said Ash Upadhyaya and Rakesh Wilson, Managing Partners at Cleanhill Partners.
Goldman Sachs & Co. LLC. and J.P. Morgan Securities LLC served as financial advisors, and Vinson & Elkins LLP served as legal counsel, to EPC Power and its controlling shareholders Goldman Sachs Alternatives and Cleanhill Partners.
About EPC Power
EPC Power Corp. (EPC Power) is a power solutions platform that develops high-performance power conversion systems for mission-critical applications, including data centers, utility-scale energy storage, and microgrids. EPC Power's solutions are designed to deliver reliable, resilient, and secure energy for demanding applications, including AI-driven workloads and grid stability use cases supported by EPC Power's Agile Grid Forming™ technology. Visit EPCPower.com for more information.
About Flex
Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions. For information about Flex's intent to spin off its Cloud and Power Infrastructure portfolio, visit: https://flex.com/transaction-resources
About Private Equity at Goldman Sachs Alternatives
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $706 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, venture capital, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.
The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.
The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world's leading institutions, financial advisors and individuals. Goldman Sachs has more than $4.0 trillion in assets under supervision globally as of June 30, 2026.
Established in 1986, Private Equity at Goldman Sachs Alternatives has invested over $75 billion since inception. The business combines a global network of relationships, unique insight across markets, industries and regions, and the worldwide resources of Goldman Sachs to build businesses and accelerate value creation across its portfolios.
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About Cleanhill Partners
Cleanhill Partners is a private equity firm focused on energy transition and digital infrastructure. The firm invests in companies across power generation, energy storage, grid modernization, domestic manufacturing and related technologies that support the growing demand for reliable power.
Cleanhill works closely with management teams to help companies scale and build long-term value. The firm is led by investors and operators with more than two decades of experience across. For more information, visit www.cleanhillpartners.com.
SoundHound AI ve 2. čtvrtletí zvýšila tržby o 45 % na 61,9 milionu USD a zvedla spodní hranici celoročního výhledu tržeb na 230 až 260 milionů USD. Akcie ale zůstávají vysoce spekulativní kvůli ztrátě a chystané akvizici LivePerson.
With about 40% short interest, SoundHound AI (SOUN -0.59%) is one of the most shorted stocks in the market. The company has been growing its revenue quickly, but a pending merger with troubled LivePerson (LPSN +0.00%) has investors betting against the stock. However, heavy short interest is a double-edged sword.
If a stock has high short interest, there is usually a bearish case to be made against it. In the case of SoundHound AI, its merger with LivePerson will bring considerable debt and a business currently in decline. There is also a good chance that SoundHound AI will seek a future equity raise to pay off the debt it is taking on as part of the deal, as it has stated it will work to quickly retire the debt through a combination of cash and stock.
The flip side is that heavily shorted stocks can see huge short squeezes if they can prove the skeptics wrong. With LivePerson, SoundHound AI is gaining access to a large, established, albeit declining, customer base, especially in call centers and the customer service space.
Its goal will be to retain these customers and switch them to its more comprehensive and higher-priced AI voice technology and agentic AI platform. If the company can stabilize churn and upsell customers, this deal could be a huge boon for this growth stock.
Image source: The Motley Fool.
SoundHound AI's core business, meanwhile, continues to perform well, and it's already shown it can integrate acquisitions well. Its earlier purchase of Amelia and its virtual agents helped it expand into new market verticals and provided key technology for its new voice-native agentic AI orchestration platform, OASYS.
The company has said that the launch of OASYS has increased excitement and accelerated deals, and that it is winning in demos, RFPs (requests for proposals), and pilots. The platform's ability to build AI agents and self-improve has been a big selling point, and it has been seeing pilots convert to large implementations at a record pace. Management noted that the platform has seen rapid adoption across verticals since its May launch, including a large eight-figure deal signed in less than 90 days after the initial demo.
Overall for Q2, SoundHound AI saw its revenue climb 45% to $61.9 million. However, the company does remain unprofitable, with an adjusted loss of $0.02 and negative adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $9.6 million. Its gross margin rose 610 basis points year over year to 45.1%, while its adjusted gross margins were flat year over year at 58.4%. It said acquisitions continued to have a temporary impact on its gross margins and that its goal is to still exceed 70% in the future.
Looking ahead, the company raised the low end of its full-year revenue guidance to $230 million to $260 million. That's up from a prior outlook of $225 million to $260 million. It is expecting its acquisition of LivePerson to close by the end of the year. If it does, it is projected to generate at least $350 million of revenue in 2027.
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SoundHound AI's stock has struggled over the past year, with its shares cut in half. However, the stock is still not cheap, trading at a forward price-to-sales (P/S) ratio of over 12 times current-year estimates. With the company not profitable and burning cash, that alone makes it a more speculative bet. The acquisition of LivePerson, meanwhile, adds some additional risk.
That said, the company has shown it can do a good job integrating acquisitions, and it has a huge opportunity with OASYS, both with existing customers and the ones it is acquiring from LivePerson.
Despite the huge short interest, I think investors can place a small speculative bet that SoundHound AI can pull this deal off, given the early momentum it has been seeing with OASYS.
Smith & Wesson Brands zveřejnila výsledky za 1. čtvrtletí fiskálního roku 2027. V hovoru upozornila, že část údajů je ne-GAAP a EPS znamená plně zředěné EPS.
Smith & Wesson Brands, Inc. (SWBI) Q1 2027 Earnings Call September 3, 2026 5:00 PM EDT
Company Participants
Kevin Maxwell - Senior VP, General Counsel, Chief Compliance Officer & Secretary
Mark Smith - President, CEO & Director
Deana McPherson - Executive VP, CFO, Treasurer & Assistant Secretary
Conference Call Participants
Alex Ewig
Presentation
Operator
Good day, everyone, and welcome to Smith & Wesson Brands, Inc. First Quarter Fiscal 2027 Financial Results Conference Call. This call is being recorded.
At this time, I would like to turn the call over to Kevin Maxwell, Smith & Wesson's General Counsel, who will give us information about today's call. Thank you. You may begin.
Kevin Maxwell
Senior VP, General Counsel, Chief Compliance Officer & Secretary
Thank you and good afternoon. Our comments today may contain forward-looking statements. Our use of the words anticipate, project, estimate, expect, intend, believe, and other similar expressions are intended to identify forward-looking statements. Forward-looking statements may also include statements on topics such as our product development, strategies, market share, demand, consumer preferences, inventory conditions for our products, growth opportunities and trends, and industry conditions in general.
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Texas zastavil schvalování dalších připojení k síti, což komplikuje plán společnosti Meta na datové centrum v El Pasu za více než 10 miliard USD. Politický tlak roste kvůli elektřině, vodě a pobídkám.
Texas stopped approving additional grid hookups as bipartisan scrutiny intensifies over power, water, rural development and incentives. Summary
Meta’s massive El Paso expansion now faces a tougher political path.
Meta Platforms META, the social-media and artificial-intelligence giant, hit a Texas-sized political wall Thursday, with shares trading at $611.62. Its planned El Paso data-center campus will cost more than $10 billion, but lawmakers from both parties are turning up the pressure on Big Tech's expansion. Reuters reported that Gov. Greg Abbott wants tougher restrictions, fewer incentives and tighter limits on rural development. The state has approved no additional grid hookups since an August 3 audit. Meta has the money. Texas controls the power switch.
This is no ordinary server farm. Meta's project plan calls for one gigawatt of computing capacity, with the first phase expected online in 2028. Meta will initially occupy the entire facility. Construction could support more than 4,000 jobs at its peak, followed by approximately 300 permanent positions. That is a powerful economic pitch. But jobs alone may not overpower concerns about electricity, water and taxpayer incentives.
The disclosed investment equals at least 7.3% of Meta's $137.5 billion annual capital-expenditure midpoint, although construction will span multiple periods. The company spent $31.08 billion on capital expenditures last quarter while generating only $784 million in free cash flow. The valuation gap is hard to ignore: at $611.62, Meta trades 27.78% below its $846.92 GF Value™, pointing to substantial potential upside if its AI infrastructure bet delivers. The upside looks tempting. The spending pressure—and now the political resistance—looks just as real.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Tesla má v Texasu jen 45 registrovaných Cybercabů z 420 autonomních vozů, takže robotaxi zatím zůstává spíš pilotem než škálovanou sítí. Výroba začala v dubnu, ale chybí klíčová povolení.
A flashy Austin event cannot replace permits, fleet scale or commercially proven autonomous economics Summary
Tesla has the valuation; Cybercab still needs the operating evidence.
Tesla TSLA, the electric-vehicle and artificial-intelligence powerhouse, puts its Cybercab center stage Thursday while shares trade at $381.25. Reuters reported that the two-seat machine eliminates the steering wheel and sits at the heart of Tesla's autonomous ride-hailing ambitions. The vision is enormous. The operating footprint is not—at least not yet.
Texas data counted 420 registered Tesla autonomous vehicles, but just 45 were Cybercabs. Alphabet's Waymo had 988 vehicles registered in the state. Cybercab production started in April, yet volumes remain thin, federal rules restrict vehicles without traditional controls and crucial California permits are still missing. Tesla has built the headline. Now it needs regulatory clearance and thousands more vehicles.
Cybercabs make up only about 10.7% of Tesla's registered autonomous fleet in Texas, leaving the company closer to a controlled rollout than a scaled commercial network. Tesla delivered more than 480,000 vehicles last quarter, proving it can manufacture at breathtaking scale—but robotaxis must still produce permits, utilization and paying passengers. The valuation picture raises the pressure: Tesla's $381.25 share price sits 14.22% above its $333.79 GF Value™, signaling that investors already expect serious execution.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Tesla zve firmy, aby kupovaly flotily Cybercabů nebo budovaly infrastrukturu pro její robotaxi síť. Naznačuje to, že chce rozšířit byznys s autonomními vozy i mimo vlastní provoz.
Tesla published a form on Thursday for businesses interested in buying Cybercab fleets or providing infrastructure for its network, the latest sign that the company’s aspirations for its gold-hued autonomous vehicle stretch beyond being a robotaxi operator.
The robotaxi interest form, which was released ahead of the company’s Cybercab event in Austin, is not definitive proof that Tesla will sell its autonomous vehicles to third-party operators. But it’s certainly an indicator of where the company’s longer-term plans lie. Tesla wants to scale and it doesn’t seem to want to do it alone.
Tesla CEO Elon Musk has talked often, and for years, about building a massive fleet of low-cost robotaxis. But in the early days, those dreams centered on personally owned Tesla vehicles. As early as 2016, Musk spoke publicly about a future in which Tesla owners, equipped with self-driving software, would be able to earn money by renting out their vehicles. He stuck with that Tesla network idea for years, noting at the company’s Autonomy Day in 2019 that it would allow owners to add their autonomous vehicles to its ride-sharing app, similar to how Uber’s business model works.
“I feel very confident predicting that there will be autonomous robotaxis from Tesla next year — not in all jurisdictions because we won’t have regulatory approval everywhere,” Musk said in 2020.
That vision never materialized. Instead, the company has focused on testing, and now operating, its own fleet of robotaxis — first with Tesla Model Y vehicles and now the purpose-built Cybercab.
Until now, Tesla seemed committed to keeping its robotaxi business in-house. The interest form, which says “helps us build our robotaxi network,” suggests the company sees promise and profits in widening the circle to include third-party companies.
What that might look like, though, isn’t defined. The company asks interested parties to pick one of several possible options, including Cybercab fleet purchasing, mobility hubs and infrastructure, event collaboration, and “other.”
There are a growing number of companies jumping into the robotaxi fleet management business. For instance, Moove, an African fintech startup that initially focused vehicle financing for ride-hailing drivers, is scaling up an autonomous fleet management business. The startup, which raised $250 million last month at a $2.1 billion valuation, is the fleet operator for Waymo in Phoenix, Miami, and Las Vegas, and in the future, London. The company doesn’t own the Waymo vehicles, but its CEO told TechCrunch that it plans to.
Other autonomous fleet management companies, which Uber has partnered with in its bid to own a piece of the robotaxi market, include Avomo and New Horizon as well as larger more traditional rental car giants like Avis and Hertz.
Tesla’s welcome mat to fleet operators could encourage more small players to open up shop — helping the company saturate markets faster.
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Kirsten Korosec is a reporter and editor who has covered the future of transportation from EVs and autonomous vehicles to urban air mobility and in-car tech for more than a decade. She is currently the transportation editor at TechCrunch and co-host of TechCrunch’s Equity podcast. She is also co-founder and co-host of the podcast, “The Autonocast.” She previously wrote for Fortune, The Verge, Bloomberg, MIT Technology Review and CBS Interactive.
You can contact or verify outreach from Kirsten by emailing [email protected] or via encrypted message at kkorosec.07 on Signal.
Elon Musk sent dozens of self-driving Cybercabs without steering wheels or brake pedals onto the streets of Austin, Texas, on Thursday, betting that Americans will overcome their fears of rides with “no control” and hop inside.
The rollout of the gold-colored Teslas, which give passengers no way to take control in an emergency, comes as the company prepares to launch the service in other cities. Tesla shares have suffered amid a slump in vehicle sales, but they rose more than 5% Thursday on hopes that the futuristic-looking taxis will catch on quickly.
“No steering wheel, no pedals,” Tesla teased on X before the launch. Musk followed with a post showing a giant Cybercab floating above the Austin skyline and later wrote, “A Storm of Cybercabs.”
Elon Musk sent dozens of self-driving Cybercabs without steering wheels or brake pedals onto the streets of Austin, Texas, on Thursday. AP Photo/Eric Gay An invitation-only launch event was expected to be held later Thursday.
It is unclear how soon Musk intends to roll out the Cybercab service, but he needs to move quickly.
Tesla trails self-driving taxi leader Waymo in the number of cabs deployed and trips completed. To catch up, it must demonstrate that its camera-only system can safely navigate streets and avoid pedestrians. By contrast, Waymo and another rival, Amazon’s Zoox, supplement cameras with radar and a laser-based technology called lidar.
Even if the technology works well, Americans still need to be convinced.
A Pew Research Center survey conducted in February found that seven in 10 US adults were “not too” or “not at all” comfortable riding in a driverless car.
Tesla stock was battered last year after Musk took over President Trump’s government cost-cutting campaign, dubbed DOGE, and embraced extreme-right political candidates, sparking protests at Tesla showrooms and boycotts by car buyers in several countries.
The rollout of the gold-colored Teslas, which give passengers no way to take control in an emergency, comes as the company prepares to launch the service in other cities. REUTERS
Tesla shares have suffered amid a slump in vehicle sales, but they rose more than 5% Thursday on hopes that the futuristic-looking taxis will catch on quickly. REUTERS Tesla posted a second consecutive annual decline in vehicle sales last year. Its profits plunged, and it lost its crown as the world’s best-selling electric vehicle maker to China’s BYD.
Austin has had a self-driving Tesla “robotaxi” service since June last year, but those cars are equipped with steering wheels and brake pedals. The service, which has since expanded to five other cities in Texas and Florida, initially carried passengers with safety drivers aboard to take over in case of problems.
It is unclear how soon Musk intends to roll out the Cybercab service. AP Photo/Mark Schiefelbein Tesla has more than 200 “unsupervised” robotaxis in those cities, meaning they operate without safety drivers aboard, according to the monitoring site RobotaxiTracker. Waymo has more than 4,000 such vehicles in 14 cities.
In the Pew survey, 16% of adults said they would be “somewhat” comfortable riding in a driverless car, while 7% said they would be “extremely” or “very” comfortable.
Separate Gallup polling conducted in 2025 found that skepticism about the safety of driverless cars had risen over the previous several years. More Americans said all or mostly human-operated cars were the safest option than in a 2018 poll.
Tesla has more than 200 “unsupervised” robotaxis in those cities, meaning they operate without safety drivers aboard, according to the monitoring site RobotaxiTracker. Waymo has more than 4,000 such vehicles in 14 cities. REUTERS It is unclear whether Musk is the right person to coax people into cars with no human controls. Another Pew poll conducted in January found that nearly six in 10 adults had a “very” or “mostly” unfavorable view of him.
Musk eventually hopes to send full self-driving software to hundreds of thousands of Teslas through a software update. That would allow Tesla owners to turn their cars into taxis for hire when they are not using them.
Elon Musk slíbil, že Tesla v Austinu do roku 2028 zaměstná přes 30 tisíc lidí. Zároveň tvrdí, že humanoidní roboti jednou předčí všechny lidi v produktivitě.
Elon Musk promised a billion humanoid robots will outproduce all of humanity within a decade, then turned around and pledged tens of thousands of new human jobs in Austin to build them. The contradiction at the center of Tesla's strategy…
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Elon Musk spent this week making two claims that sit awkwardly next to each other. On September 1, he told the world that “a billion humanoid robots will be more productive than all humans combined within 10 years” and that AI will be able to do anything digital, anything that does not require shaping of atoms by hand, probably by the end of next year. Two days later, on September 3, he pledged that “Probably over 30k people working in high-paying jobs at Tesla HQ & manufacturing in Austin by 2028!”
I have been tracking Musk’s rhetoric on Optimus for the better part of two years, and this is the sharpest juxtaposition I have seen. The person forecasting the end of human labor is also promising to roughly double a human payroll in one city, and the workers he wants to hire will be building the very robots and Robotaxis designed to replace human effort elsewhere.
Austin Headcount Math and the 16,500 Baseline Tesla (NASDAQ:TSLA | TSLA Price Prediction) has not published an official Giga Texas headcount tied to this pledge. The roughly 16,500 workers currently in Austin figure comes from the tweet Musk endorsed, not from Tesla investor relations or a Texas incentive filing. Treat 30,000 as a Musk tweet target until it shows up as an audited commitment in a proxy or an 8-K. The most recent Q2 FY26 shareholder update discusses Austin capacity expansions without pinning a headcount number to them.
The Austin footprint Musk is staffing up is enormous on paper. Cybercab production began at Gigafactory Texas with engineering test drives on public roads in Q2 2026. 4680 battery cell production sits at over 40 GWh of installed Texas capacity, and Tesla has “placed equipment orders for our development fab in Austin” covering lithography-mask production, logic, memory, packaging and chip testing under one roof.
Optimus: Fremont First, Austin Bigger On the Q2 call, Musk called Optimus “the biggest product ever” and warned that “this is going to be the hardest product to scale manufacturing that we’ve ever made at Tesla because everything on the robot is new.” The Gen 3 line runs in Fremont with a target of a million units a year. Optimus 4 goes to Austin, aiming “an order of magnitude more production of Optimus 4 than Optimus 3” at roughly 10 million units a year.
If those robots ever hit dexterity parity with humans, and Musk said “an Optimus is designed to have full human dexterity”, the 30,000 Austin jobs are best understood as a construction and ramp cohort that precedes a leaner steady-state operating base. Someone has to install the lines before the lines replace them.
Cybercab Week and the Stock The jobs pledge landed during Cybercab week. Musk described the vehicle as “basically a super comfortable lounge on wheels with a great TV and epic sound”. Tesla closed at $376.37 on September 3, up 5% on the day and 15% over the past month, though shares remain down 16% year to date. Market cap sits near $1.49 trillion at a P/E around 372.
The financial backdrop for all of this is a company burning cash to build the future. Q2 FY26 revenue hit $28.24B, up 25.5% year over year, while operating income fell 56.9% to $398M and free cash flow swung negative $1.09B. CFO Vaibhav Taneja told investors “we are in a big investment cycle and expect our operating expenses largely driven by R&D to continue to grow in 2026 and beyond,” with capital expenditures expected to top $25 billion this year and debt facilities of up to $30 billion being lined up.
What to Watch Musk even joked the same afternoon that Austin in September is not a great time of year to recruit people. The serious question for TSLA holders is whether the Austin buildout produces enough Optimus and Cybercab volume by 2028 to justify a $1.49 trillion valuation, and whether those 30,000 jobs get audited in a future proxy filing or fade as a tweet. If you believe Musk that “the AI riptide is already underway”, the Austin hires are the last big human cohort Tesla needs before the robots take the line. If you do not, the pledge is a headline during Cybercab week. Either way, the SEC filings will tell us which Musk to believe.
Contact [email protected] for any questions or corrections.
AWS v posledním čtvrtletí vykázal tržby 42,2 miliardy USD, zatímco Azure 29,4 miliardy USD. Amazon zároveň uvedl provozní zisk AWS ve výši 16,6 miliardy USD.
Microsoft's Azure disclosure reveals AWS's scale advantage--and how much profitability Amazon must protect. Summary
AWS leads Azure by 43%, but leadership brings a larger spending burden.
Amazon.com AMZN, the e-commerce and cloud-computing giant priced at $259.14, received a fresh scoreboard for the cloud war after Microsoft disclosed $29.4 billion in quarterly Azure revenue. AWS generated $42.2 billion. Amazon's lead: a crushing $12.8 billion.
Amazon's second-quarter results packed more firepower. AWS revenue jumped 37%, while operating income reached $16.6 billion. Amazon produced $200.6 billion in total revenue and plans to unleash approximately $220 billion in capital spending during 2026. This is not cautious expansion. It is a full-scale infrastructure offensive.
AWS delivered about 43.5% more quarterly revenue than Azure and converted 39.3% of sales into operating profit. Amazon's $259.14 share price sits 4.84% above its $247.18 GF Value estimate, showing that some cloud dominance is already priced in. The next test is brutal but simple: keep AWS growing without letting the construction bill eat the payoff.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Alibaba musí po roce kupónů a doručovacích dotací dokázat, že její instantní retail bude ziskový. Trh by mohl do konce roku dosáhnout 1,2 bilionu jüanů.
Instant delivery changed consumer behavior; now Alibaba must prove warehouses can replace subsidies with returns. Summary
Faster shopping created demand before it created dependable profit.
Alibaba Group BABA, the Chinese commerce, cloud and artificial-intelligence giant, entered a tougher chapter in China's instant-retail war. After a year of coupons and delivery subsidies, the fight is shifting from winning orders to making those orders profitable. Reuters estimates the market could reach 1.2 trillion yuan, or roughly $178 billion, by year-end.
The battlefield is also getting bigger. Alibaba and its rivals are pushing beyond restaurant meals into electronics, medicine, flowers and other higher-margin products promised within an hour. That expansion demands automated warehouses, denser fulfillment networks and disciplined spending—especially after regulators reined in the industry's most aggressive promotions.
Alibaba traded at $111.135 on Sept. 3, sitting 6.88% below its GF Value estimate of $119.35 and implying roughly 7.4% upside if the shares reach that benchmark. But valuation is only part of the story. Alibaba's June-quarter release does not isolate instant-retail profitability, leaving investors with one decisive question: can higher order density and repeat purchases turn subsidy-driven demand into durable earnings?
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Nvidia uvedla, že zakázková kniha cloudového odvětví přesahuje 2 biliony USD a že poptávka výrazně převyšuje její nabídku. Firma zároveň očekává pro fiskální rok 2028 růst tržeb asi o 70 % kvůli omezené výrobní kapacitě.
Nvidia (NVDA +1.80%) reported its fiscal second-quarter results on Aug. 26, and the figures were extraordinary. Quarterly revenue rose 106% year over year to $96.2 billion, accelerating from the 85% growth recorded in the fiscal first quarter. Data center revenue rose 117% to $89.0 billion.
But the figures that caught my eye came out of the earnings call, from chief financial officer Colette Kress.
"With cloud industry backlog now greater than $2 trillion, [capital expenditures] by the top 5 hyperscalers is expected to reach nearly $800 billion in 2026 and $1.3 trillion in 2027," Kress said.
That backlog is the pipeline behind both spending figures: cloud customers turn it into data centers, and a meaningful share of every data center dollar goes to Nvidia. So the way to size Nvidia's cut is to pin down that share.
Image source: Nvidia.
How much of hyperscaler spending goes to Nvidia?Nvidia divides its data center revenue into two categories. The hyperscaler category takes in the public clouds plus the world's biggest consumer internet companies. The rest (AI clouds, industrial and enterprise customers, which the company abbreviates as ACIE) covers everyone else.
Revenue from hyperscalers reached $48.7 billion in the fiscal second quarter. That was a 13% rise from the $43.1 billion in the fiscal first quarter, and was more than double the $24.2 billion Nvidia recorded a year earlier (Nvidia recast prior periods after moving a customer to the hyperscaler category).
Multiply the $48.7 billion from the second quarter by four, and revenue from hyperscalers reaches a run rate of about $195 billion a year. If you compare that figure with the nearly $800 billion in capital expenditures Kress says the top five hyperscalers are expected to make in 2026, Nvidia's share comes out to about 24%.
The comparison is loose, to be sure: Nvidia's fiscal year ends in late January, so its fiscal 2027 aligns only approximately with calendar 2026, and its hyperscaler category includes more customers than those five -- which means the true share of those five companies' spending runs somewhat lower. Even so, the last two quarters come to about $92 billion against half of this year's $800 billion -- about $400 billion, if that spending were distributed evenly throughout the year -- or about 23%.
If that share holds, 24% of $1.3 trillion equals about $315 billion in revenue from hyperscalers in calendar 2027, most of which falls into Nvidia's fiscal 2028. That single category would be larger than the $215.9 billion Nvidia brought in for all of fiscal 2026.
And hyperscalers represent only about half of Nvidia's data center business. ACIE revenue was $40.3 billion in the second quarter, a 25% quarter-over-quarter increase and a 138% year-over-year increase. Kress said that non-hyperscaler business should continue to represent about half of data center revenue.
If that distribution holds and the $315 billion is doubled, data center revenue in fiscal 2028 comes out to about $630 billion. Use the second quarter's actual split instead (hyperscalers were about 55% of the data center total) and the figure comes out closer to $575 billion.
Nvidia cannot manufacture everything its customers wantWherever demand for Nvidia's products lands, there's a holdup: manufacturing.
Kress said the company's preliminary expectation is that fiscal 2028 revenue will grow about 70%, and that the figure reflects supply constraints.
CEO Jensen Huang put it more directly, saying "even though our demand is much greater than 70%, our supply allows us to confidently deliver 70%."
What does 70% equal in dollars?
Nvidia's revenue during the first half of fiscal 2027 was $177.8 billion, and the company forecast $108 billion for the third quarter. And a fourth quarter that matched the third would put fiscal 2027 near $394 billion. If that figure grows by 70%, fiscal 2028 revenue comes to about $670 billion.
Data center revenue accounted for more than 92% of Nvidia's total last quarter, so $670 billion in total revenue implies about $620 billion for the data center business -- right in the middle of the $575 billion to $630 billion the demand math yields. That is what you would expect if supply is the real limit: revenue can only reach what Nvidia can build, and the demand Huang says runs well past 70% shows up in the backlog instead of the income statement.
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One risk is how much it costs to manufacture all that. Memory prices are rising, and the company now expects its gross margin to bottom out in the fiscal fourth quarter between 71% and 72%, compared with 75% in the second quarter.
The other risk is the share itself. Capital spending also buys land, buildings, power, and networking gear, and the big cloud companies design some chips of their own -- so Nvidia's quarter of the total is an observation, not a guarantee.
As for the stock, it trades at about $217 as of this writing, up about 4% since the report and about 8% below its 52-week high. The stock trades at about 27 times earnings. Relative to the earnings analysts expect for fiscal 2028, the price-to-earnings multiple drops to about 14, which seems reasonable to me for a company expecting 70% growth.
The semiconductor industry is cyclical, of course, and a $2 trillion backlog could shrink just as fast as it was built. But Nvidia has already told the market how much it expects to grow next year, and said demand is higher than that figure. With this in mind, I do think shares look attractive here. But I would simply maintain a modest position, given how cyclical chips have always been.
Akcie Walmartu ve čtvrtek vzrostly téměř o 2,8 %, zatímco americké ministerstvo spravedlnosti rozšířilo šetření cen hovězího masa. Firma není obviněna z porušení antimonopolních pravidel.
Officials contacted eight retailers, including Walmart, Costco and Amazon, as record beef prices intensify scrutiny. Summary
The inquiry increases scrutiny but does not accuse Walmart of antitrust violations.
Walmart WMT, the world's largest retailer, rallied nearly 2.8% to $109.015 Thursday even as Washington turned up the heat on beef pricing. Reuters reported that the Justice Department contacted eight retailers, including Walmart, Costco and Amazon, as record beef prices pushed grocery affordability deeper into the political spotlight.
This is scrutiny, not a guilty verdict. Walmart has not been accused of fixing prices, manipulating the market or violating antitrust law. The review runs alongside a separate investigation into meatpackers, widening the government's lens across the beef supply chain while leaving the immediate financial threat to Walmart unclear.
Walmart's second-quarter results packed $187.9 billion in revenue, while first-half inventory hit $61.6 billion. Grocery scale keeps shoppers coming, but stubborn food inflation can bite margins when Walmart holds prices down to defend its value crown. At $109.015, the stock sits 5.46% above its $103.37 GF Value estimate—a clear sign investors still prize Walmart's defensive power despite the regulatory noise.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
The U.S. Federal Communications Commission on Thursday asked a federal judge to toss out Disney's (DIS.N) lawsuit seeking to block the agency's early review of licenses for the entertainment giant’s eight company-owned ABC stations.
The FCC said if Disney were successful, it would prevent the commission from analyzing evidence in its ongoing investigation and hobble the agency's "efforts to investigate and resolve serious allegations that Disney has engaged in unlawful discrimination."
The case is a test of free speech rights for broadcasters. President Donald Trump has called repeatedly for ABC to lose its licenses over programming he dislikes.
FCC Chair Brendan Carr ordered the early reviews in April, even though the stations' license renewals were not scheduled to be considered before October 2028. The FCC had not ordered an early review in more than 50 years before April. Carr has said he has not made a decision on whether to refer Disney's licenses for a hearing.
The reviews were ordered a day after Trump urged ABC to fire late-night host Jimmy Kimmel.
U.S. District Judge Loren AliKhan in Washington has set an October 5 hearing on the lawsuit. The FCC has agreed to provide at least 48 hours' notice before issuing an order to refer Disney's ABC licenses for a hearing.
Trump has repeatedly urged broadcasters to drop comedy or news programs he dislikes or which have joked about or criticized him or his administration. He has also called on the FCC to strip stations of licenses.
On Sunday, Trump called for the FCC to rebuke or punish Comcast-owned (CMCSA.O) NBC's White House correspondent Kristen Welker after she noted that the Republican president's success in endorsing political candidates has been mixed. Carr has not ruled out subjecting Comcast's NBC licenses to an early review.
Broadcast stations need FCC licenses to use public airwaves. While license revocations are extremely rare, critics say the threat of losing a license can pressure broadcasters and raise concerns about government interference in editorial and programming decisions. Networks have broad First Amendment protections over programming choices.
Disney said in its suit the FCC was seeking to coerce and retaliate against "a network that refuses to bow to the administration's demands," calling the agency's actions an "extraordinary assault on free speech."
HPE, Broadcom a Dell oznámily silné čtvrtletní výsledky, tažené přetrvávající poptávkou po AI infrastruktuře. Dell navíc vykázal rekordní objednávky na AI servery v hodnotě 60,9 miliardy USD a backlog 95 miliard USD.
Key Takeaways HPE, AVGO, and DELL all posted strong results recently. AI-related demand has benefited each in a big way. The AI trade remains alive and well, with Hewlett Packard Enterprise (HPE - Free Report) , Broadcom (AVGO - Free Report) , and Dell Technologies (DELL - Free Report) all recently posting strong quarterly results.
AI infrastructure spending was the clear theme across all releases, with demand remaining robust for servers, networking, and custom accelerators. Still, market reactions have been mixed, indicating that expectations remain sky-high for many AI-focused names.
Let’s take a closer look at the results.
HPE Raises Its OutlookHewlett Packard Enterprise posted record quarterly revenue of $12.2 billion, reflecting 34% YoY growth. Adjusted earnings came in at $1.11 per share, climbing sharply from $0.44 in the same period last year and exceeding the Zacks Consensus EPS estimate by nearly 17%.
Cloud & AI revenue reached $9.0 billion, up 25% YoY, with Server revenue climbing 35% to $6.8 billion. Networking results were even stronger, with revenue jumping 75% to $2.9 billion. Data Center Networking revenue more than doubled, while Routing revenue climbed 270%.
Importantly, the demand picture remains bright. AI Systems orders reached $2.4 billion during the quarter, with backlog climbing to $6.8 billion. HPE also raised its FY26 revenue growth outlook to 34%-37% and now expects adjusted EPS of $3.75-$3.85. Looking further ahead, management boosted its FY27 revenue growth outlook to 13%-17%, paired with expected adjusted EPS growth of 16%-20%.
The numbers were undoubtedly positive, though supply constraints and the lower-margin nature of some AI systems remain items to keep in mind. Still, the raised outlook and favorable Zacks Rank #2 (Buy) reflect a constructive earnings picture overall.
Image Source: Zacks Investment Research
Broadcom’s AI Growth AcceleratesBroadcom delivered another monster quarter, posting $29.6 billion in revenue, up 86% YoY. Adjusted EPS of $3.32 grew 96% from the year-ago period and came in 3% above the Zacks Consensus estimate.
To little surprise, AI again stole the show. AI semiconductor revenue reached $16.7 billion, surging 221% YoY and 54% sequentially as demand for custom accelerators and networking products remained red-hot. Semiconductor Solutions revenue overall climbed 127% to $20.8 billion, while Infrastructure Software revenue rose 29% to $8.8 billion.
And the momentum isn’t expected to slow down anytime soon. Broadcom expects AI semiconductor revenue of $21.7 billion next quarter, reflecting 236% YoY growth, with total revenue forecasted at roughly $34.8 billion. Management has also outlined roughly $115 billion of AI semiconductor revenue for FY27, with the longer-term opportunity potentially reaching $230 billion in FY28.
Interestingly enough, shares traded lower following the release despite the eye-popping growth. Expectations for Broadcom have clearly become massive, making even great results a tough act to follow. AVGO currently carries a Zacks Rank #3 (Hold), with the earnings-revision picture worth watching following the release.
Image Source: Zacks Investment Research
Dell’s AI Backlog SurgesDell Technologies arguably posted the most impressive results of the group, with shares surging following the release.
Revenue climbed 58% YoY to a record $47.0 billion, while adjusted EPS of $7.04 reflected growth of more than 200% and crushed the Zacks Consensus estimate. Infrastructure Solutions Group revenue jumped 89% to $31.8 billion, with segment operating income soaring 225% to $4.8 billion.
AI-Optimized Server revenue doubled to $16.4 billion, but the order and backlog figures were perhaps even more impressive. Dell booked a record $60.9 billion of AI server orders during the quarter and exited with a massive $95 billion backlog, providing strong top line visibility.
The strength wasn’t isolated to AI, either. Traditional Servers and Networking revenue jumped 122%, Storage revenue grew 26%, and Client Solutions Group sales climbed 20%. Dell raised its FY27 revenue outlook by $25 billion to $192 billion while boosting its AI-Optimized Server revenue expectation to $74 billion from $60 billion previously.
DELL currently sports a Zacks Rank #2 (Buy), with the combination of accelerating AI demand, a huge backlog, and raised guidance providing a rock-solid near-term backdrop.
Image Source: Zacks Investment Research
Bottom Line
The latest results from Hewlett Packard Enterprise (HPE - Free Report) , Broadcom (AVGO - Free Report) , and Dell Technologies (DELL - Free Report) further strengthened the AI infrastructure growth story.
Demand remains robust across several areas of the buildout, ranging from Dell and HPE’s AI servers and networking offerings to Broadcom’s custom accelerators and networking chips. And importantly, all three provided upbeat forward-looking commentary alongside their strong quarterly growth.
Cipla získala exkluzivní práva na komercializaci biosimilaru Qilu k Keytrudě v USA před očekávaným vypršením klíčového patentu v roce 2028. To zvyšuje tlak na Merck.
Cipla secured exclusive U.S. commercialization rights to Qilu's proposed biosimilar ahead of Keytruda's expected 2028 patent expiration. Summary
Merck must strengthen its Keytruda defense before potential U.S. biosimilar competition arrives.
Merck MRK, the pharmaceutical and vaccine heavyweight priced at $151.07, got a blunt warning Thursday: Keytruda's biosimilar countdown is getting louder. Cipla's U.S. subsidiary secured exclusive American commercialization rights to Qilu Pharmaceutical's proposed pembrolizumab biosimilar, QL2107, ahead of Keytruda's expected 2028 core patent expiration.
This is not an overnight threat. Qilu must still complete development, win regulatory approval and prove it can manufacture a comparable product at scale. Cipla takes over only if QL2107 reaches the U.S. market. The timing remains uncertain, but the direction is crystal clear: lower-priced competition is lining up, and Merck's window to protect its biggest franchise is narrowing.
Merck posted $8.4 billion in quarterly Keytruda and Keytruda Qlex sales, including $463 million from the newer subcutaneous version. Qlex already contributes about 5.5% of franchise revenue, making it a key part of Merck's patent-cliff defense. Yet investors are paying up: the $151.07 share price sits 25.87% above the $120.02 GF Value. That premium raises the stakes—Merck must move patients to Qlex, widen Keytruda's reach and build its next growth engine before biosimilars arrive.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Salesforce ve čtvrtek stoupl na 264 USD, když silnější výhled společnosti Snowflake oživil softwarový sektor. Článek uvádí, že poptávka po podnikovém AI se mění v reálné výdaje.
Salesforce CRM , the customer-management and enterprise-software powerhouse, climbed to $264 on Thursday as Snowflake's stronger outlook reignited the software trade. Reuters reported that the cloud-data company's quarterly product revenue surged 37%, with artificial intelligence driving roughly half of its recent growth acceleration. That is fresh ammunition for Salesforce bulls: enterprise AI demand is turning into real spending.
Salesforce is already building its own AI machine. Its second-quarter results showed revenue jumping 11% to $11.3 billion, while current remaining performance obligations climbed 14% to $33.5 billion. Agentforce and Data 360 annual recurring revenue closed in on $3.9 billion, including more than $1.5 billion from Agentforce. The products are gaining traction. Now they must move the entire growth needle.
The valuation gap is hard to ignore. At $264.005, Salesforce trades 22.13% below its $339.05 GF Value. Its combined AI-and-data run rate already equals roughly 8.6% of annualized quarterly revenue, but Snowflake's breakout cannot prove Salesforce will capture the same budgets. The sector signal is flashing green. Renewals, consumption and margins must finish the job.
The Campbell's Company (CPB -6.96%), a branded packaged foods provider, closed at $22.13, down 6.96%. Thursday's sell-off followed weaker fiscal fourth-quarter profitability, a sales miss, and a dividend reduction.
Trading volume reached 37.4 million shares, coming in about 343% above its three-month average of 8.4 million shares.
How the markets moved todayThe S&P 500 (^GSPC +1.06%) rose 1.07% to 7,748, and the Nasdaq Composite (^IXIC +1.40%) gained 1.40% to 26,584. Among packaged-food rivals, Kraft Heinz (KHC -3.20%) closed at $25.42, down 3.20%, while General Mills (GIS -3.25%) ended at $39.26, down 3.25%, underscoring pressure across packaged foods and meats, as well as branded shelf-stable foods and beverages.
What this means for investorsIncome investors already owning the stock will be disappointed with what they heard from Campbell's today. A 36% dividend cut was announced as part of a plan for the food company to shore up its balance sheet amid inflationary pressures and dropping sales. The company is also implementing a new $500 million cost-savings plan through 2030.
The new $0.25 quarterly dividend still provides a relatively high annual yield of 4.5%, making shares a potential buy for those seeking income. That doesn't help existing shareholders, though, who now face a lower dividend payment on top of a 20% year-to-date decline in the shares.
If the company's turnaround plan is successful, though, new money in the stock with many popular brands could prove to beat the market over the long term.
It would probably be prudent to give it some time and watch the company implement cost-cutting measures first.
Howard Smith has no position in any of the stocks mentioned. The Motley Fool recommends Campbell's and Kraft Heinz. The Motley Fool has a disclosure policy.
Palantir Gains on Expanded PwC Deal: AI Push Gets Another Major Boost Summary
Palantir expands its PwC relationship as both sides target AI deployments across major corporate operations
Palantir Technologies PLTR is gaining after expanding its work with PwC US, giving the software company another channel to bring its artificial intelligence tools into large corporate projects.
The collaboration will cover areas including mergers and acquisitions, enterprise AI deployments and complex business planning. The expanded relationship could help broaden Palantir's exposure to commercial customers as companies increase spending on data and automation.
The company still faces risks tied to its customer mix and the timing of large contracts. Shifts in government spending or delays in major renewals could make quarterly results less predictable.
The PwC expansion may strengthen Palantir's commercial AI opportunity, but investors will likely watch whether new partnerships translate into recurring revenue.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Chubb v poslední seanci vzrostl o 2,6 % na 348,25 USD a překonal 1,06% růst indexu S&P 500. Před výsledky se očekává EPS 6,22 USD, meziročně o 16,96 % méně.
In the latest trading session, Chubb (CB - Free Report) closed at $348.25, marking a +2.6% move from the previous day. This change outpaced the S&P 500's 1.06% gain on the day. Meanwhile, the Dow gained 1.18%, and the Nasdaq, a tech-heavy index, added 1.4%.
Prior to today's trading, shares of the insurer had lost 3.72% lagged the Finance sector's gain of 0.85% and the S&P 500's gain of 2.46%.
The investment community will be paying close attention to the earnings performance of Chubb in its upcoming release. In that report, analysts expect Chubb to post earnings of $6.22 per share. This would mark a year-over-year decline of 16.96%. Alongside, our most recent consensus estimate is anticipating revenue of $16.71 billion, indicating a 3.59% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $27.35 per share and a revenue of $64.33 billion, demonstrating changes of +10.33% and +7.29%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Chubb. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.33% higher. Chubb presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, Chubb is holding a Forward P/E ratio of 12.41. For comparison, its industry has an average Forward P/E of 11.55, which means Chubb is trading at a premium to the group.
One should further note that CB currently holds a PEG ratio of 1.62. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Insurance - Property and Casualty industry was having an average PEG ratio of 1.71.
The Insurance - Property and Casualty industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 60, placing it within the top 25% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Docusign ve 2. čtvrtletí překonal odhady tržeb i upraveného zisku na akcii a zvýšil výhled tržeb na fiskální rok 2027. Akcie v after-hours vzrostly o 5,35 %.
Docusign Inc (NASDAQ:DOCU) posted financial results for the second quarter of fiscal 2027 after the bell on Thursday. Here’s a look at the key metrics from the quarter.
Docusign stock is moving. Where is DOCU stock going? Docusign Q2 HighlightsDocusign posted second-quarter revenue of $875.75 million, beating the consensus estimate of $857.43 million, according to Benzinga Pro. The agreement management company reported adjusted earnings of $1.16 per share for the quarter, beating estimates of $1.09 per share.
Total revenue was up 9% year-over-year. Net cash from operations totaled $334.5 million, and free cash flow came in at $295.8 million in the quarter.
Docusign said it repurchased $306.5 million of its common stock during the quarter. The company ended the period with $973.1 million in cash, cash equivalents and investments.
Docusign expects third-quarter revenue to be in the range of $886 million to $890 million versus estimates of $888.56 million. The company also raised its fiscal 2027 revenue outlook to $3.499 billion to $3.507 billion, up from $3.49 billion to $3.502 billion, versus estimates of $3.497 billion.
“Docusign is raising its outlook as AI accelerates momentum across the business,” said Allan Thygesen, CEO of Docusign.
Docusign management will discuss the quarter on an earnings call with investors and analysts at 5 p.m. ET.
DOCU Shares Move HigherDOCU Price Action: Docusign shares were up 5.35% in after-hours trading at $69.73 at the time of publication on Thursday, according to Benzinga Pro.
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UiPath po výsledcích za 2. čtvrtletí vzrostl o 12 %, když výnosy 410,26 mil. USD překonaly odhad 397,85 mil. USD a upravený EPS byl v souladu s očekáváním.
Live 6 updates · Last at 4:55pm ET Updates appear automatically.
By Thomas Richmond · Updated Sep 3, 4:55pm ET · Published Sep 3, 3:27pm ET
Live UpdatesNewest first
That wraps up our initial coverage of UiPath’s Q2 results. Thank you for stopping by!
UiPath just reported earnings, with shares initially up 12% following the report. Here are the key numbers:
Revenue: $410.26M vs. $397.85M expected Adjusted EPS: $0.15 vs. $0.15 expected Quick Read:
UiPath beat revenue expectations by roughly 3% while adjusted EPS came in exactly in line with Wall Street estimates.
The 12% initial surge suggests investors like the top-line momentum, with revenue growing 13% year over year as Wall Street looks for evidence that UiPath’s agentic AI strategy is accelerating growth.
Bull Case: Momentum, Margins, and Agentic Traction Consistent revenue beats: , with Q1 revenue of . , and AI expansion deals ran six times larger. GAAP profitability arrived for the first time, with Q1 non-GAAP operating margin at . EPS revisions skew positive: . Bear Case: High Bar, Decelerating Growth Shares are up , raising the setup risk. ARR growth is stuck near , well below prior levels. Q1 EPS missed by , and analysts remain . Insider direction is , an odd counterpoint to the rally.
With UiPath (NYSE:PATH) reporting after the close, here is what to listen for on the call.
Top 5 Analyst Questions Is net new ARR reaccelerating above the posted in Q1? How much is agentic AI contributing, given already include it? Path to the long-term non-GAAP margin target? Competitive wins versus Microsoft Power Automate and Salesforce Agentforce? Pace of buybacks after repurchased in Q1? Key Topics and Buzzwords Maestro Case, UiPath for Coding Agents, WorkFusion contribution, outcome-based pricing. Listen for “orchestration,” “deterministic plus agentic,” “pilot to production.” Red Flags ARR at the low end of . DBNR slipping below . Any full-year guide trim versus the range, which would jeopardize the one-month rally.
Insider Activity Scorecard Date Insider Title Transaction Shares Price Sell Chief Accounting Officer Sell Hitesh Ramani Chief Accounting Officer Sell COO & CFO Sell 2026-07-01 CPO & CTO Sell $10.87 Insider activity at UiPath (NYSE:PATH) over the past 90 days skewed decisively toward selling.
CEO Daniel Dines’ disposal of over 1.4 million shares dwarfed every other filing. Chief Accounting Officer Hitesh Ramani added back-to-back sales in the mid-$16s. dispositions from Gupta, Malpani, and Legal Chief Brad Brubaker at $10.87 appear tied to vesting. The only acquisitions were , reflecting equity awards rather than open-market conviction. Dashboard data confirms net insider direction is .
With shares up in a month, executives leaned into strength rather than adding exposure ahead of tonight’s earnings report, a caution flag against the setup.
UiPath is expected to report fiscal Q2 2027 earnings at 4:10 PM ET, with Wall Street looking for evidence that its agentic AI push is translating into stronger recurring revenue growth.
Management has guided for revenue of $395-$400 million and ARR between roughly $1.929-$1.934 billion. Investors will also be watching net new ARR, with a figure above roughly $49 million providing another signal that growth is accelerating.
The stakes are high after UiPath shares soared around 40% over the past month. A higher full-year ARR outlook could validate the rally and strengthen the case that UiPath is evolving from a traditional automation vendor into a broader enterprise AI orchestration platform.
A guidance cut would tell a very different story and could put much of the stock’s recent rally at risk.
This article is updated throughout the trading day. Check back for more.
Full CoverageThe story so far
UiPath (NYSE:PATH | PATH Price Prediction) is expected to report Q2 FY2027 results after the bell at 4:10 PM ET. Shares enter the report tonight at about $18.52, up around 65.05% over the past year on rising evidence that agentic AI is moving from pilot to production.
Momentum Meets a Higher Bar Q1 FY27 delivered revenue of $418.38M, up 17.3% YoY, beating consensus by 5.26%, while adjusted EPS of $0.15 came in 5.48% shy of estimates. ARR grew 12% YoY to $1.901B on $49M of net new ARR, and dollar-based net retention ticked up to 109% from 107%.
Non-GAAP operating margin expanded to 22% from 20%, and stock-based compensation dropped to $53.3M from $76.4M. Management raised the FY27 non-GAAP operating income target to ~$430M and repurchased $243.8M of Class A stock. With PATH up over 40% in the past month, the setup rewards execution and punishes any ARR softness.
Consensus Estimates Metric Q2 FY27 Estimate YoY Change FY2027 Estimate FY2028 Estimate Revenue $397.85M +14.5% $1.778B $1.928B EPS (Normalized) $0.1474 +76.7% $0.7828 $0.9066 FY27 revenue growth is modeled near 10.4%, a step down from FY26’s 12.65%. FY28 revenue growth of 8.4% pairs with EPS growth of 15.8%, consistent with continued margin leverage. The Q2 EPS consensus has held flat at $0.1474 across the last 60 days, with 10 upward revisions in the past week.
What I’m Watching Tonight: ARR, Margins, and Agentic AI Tonight, I’ll be watching the ARR results against the $1.929B-$1.934B guide. Net new ARR needs to hold or exceed $49M to keep the stabilization-to-reacceleration thesis intact. On revenue mix, 16 of the top 20 Q1 deals included AI, and AI-inclusive expansions ran six times larger than those without. It would be great to see that continue to expand.
Analysts will also focus on dollar-based net retention. It moved 108% to 107% to 107% to 109% across the last four quarters. A result above 109% validates the reacceleration narrative CEO Daniel Dines flagged on the last call.
Non-GAAP operating margin was 22% in Q1 and 31% in Q4 FY26. Guidance implies compression this quarter, so investors will focus on whether spend on coding agents, Test Cloud, and forward-deployed engineering is moving progress toward the 30% long-term target.
Also on the list: traction for UiPath for Coding Agents, the Deloitte Agentic ERP alliance, and Maestro Case orchestration momentum. Guidance credibility is the tiebreaker after Q4 FY26’s cautious FY27 outlook sent shares -8.16% the next day.
Earnings History Quarter EPS Surprise 1-Day Move 7-Day Move 30-Day Move Q1 FY27 -5.48% +1.21% +0.78% -6.13% Q4 FY26 +17.74% -8.16% +0.57% -18.26% Q3 FY26 +9.59% +24.36% +25.77% +16.62% Q2 FY26 +79.86% +5.90% +7.74% +33.82% On average, shares moved 8.88% seven days after earnings over the past year.
Contact [email protected] for any questions or corrections.
Thomas Richmond
Thomas Richmond is a financial writer and content strategist with 5+ years of experience covering stocks and financial markets. He has published over 250 articles focused on individual stock analysis, helping investors better understand business fundamentals, stock valuations, and long-term opportunities.
Thomas previously served as a Content Lead at TIKR, a stock research platform, where he helped scale the company’s blog to hundreds of articles per month and contributed to a weekly newsletter reaching more than 100,000 investors.
He specializes in breaking down complex companies into clear, actionable insights for everyday investors, with a focus on fundamentals-driven research.
His work has also been featured on platforms including Seeking Alpha and Sure Dividend.
Outside of work, Thomas enjoys weight lifting and soccer.
Ambarella uzavřela s Capgemini spolupráci na urychlení vývoje a nasazení Edge AI a Physical AI pro podnikové zákazníky. Capgemini dodá inženýrské, integrační a oborové know-how.
Capgemini to provide engineering, integration, and industry expertise to support Ambarella's next phase of growth | Source: Ambarella
SANTA CLARA, Calif. and NEW YORK, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, and Capgemini (Euronext Paris: CAP), the global AI-driven business and technology transformation company, today announced their engagement to accelerate the development and deployment of Edge and Physical AI solutions across smart infrastructure, retail and logistics, industrial automation, healthcare, and automotive sectors.
Under the agreement, Capgemini will provide engineering, systems integration, and industry expertise to help accelerate customer adoption of Ambarella's Edge and Physical AI technologies. The work will focus on developing solutions that enable AI processing closer to where data is generated, including in cameras, vehicles, industrial equipment, robotics systems, and other intelligent devices.
Capgemini will provide services to help Ambarella ideate and establish a dedicated global Edge and Physical AI Center of Excellence designed to accelerate solution development, proof-of-concept initiatives, technology validation, and deployment readiness for enterprise customers. Capgemini’s experts will also work with relevant technology providers and ecosystem participants to help deliver complete solutions suited to enterprise deployment requirements.
“Edge and Physical AI represent an important opportunity to extend AI from the data center into cameras, robots, vehicles, machines and other systems that perceive and interact directly with the physical world,” said Fermi Wang, President and Chief Executive Officer of Ambarella. “Customers increasingly need full stack solutions that combine AI compute, software, and applications on integrated systems. Our work with Capgemini will help create a scalable path from Ambarella technology to enterprise applications and ultimately, production deployments.”
With these initiatives Capgemini will help customers worldwide evaluate and deploy AI-enabled solutions tailored to their operational and business needs on Ambarella Platforms.
Ray Nath, Head of Sogeti in the US, part of Capgemini, noted, "Organizations are looking for practical ways to deploy AI closer to where critical business decisions are made. We are pleased to engage with Ambarella as they expand adoption of their industry-leading Edge and Physical AI technologies to help clients accelerate innovation across multiple industries."
By using Ambarella's Edge and Physical AI technology, delivered through Capgemini's world-class engineering and integration expertise, clients can bring AI capabilities closer to where data is generated, to accelerate the path from concept to production.
About Ambarella
With an installed base of more than 50 million AI SoC units, Ambarella’s products are utilized in a wide variety of physical edge AI applications, spanning edge endpoint and edge infrastructure use cases including physical security, vehicle safety, telematics, autonomy, portable video, aerial drones, and other emerging robotic applications. Building on this footprint, Ambarella offers a full-stack edge AI platform, from highly optimized silicon and programmable software to AI agentic frameworks that coordinate perception, decision-making and control across devices. Ambarella’s low-power systems-on-chip (SoCs) integrate proprietary and highly efficient perception and deep learning neural network AI accelerators, enabling electronic systems to become more productive with partial or complete levels of machine autonomy.
For more information, please visit www.ambarella.com.
Capgemini is an AI-powered global business and technology transformation partner, delivering tangible business value. We imagine the future of organizations and make it real with AI, technology, and people. With our strong heritage of nearly 60 years, we are a responsible and diverse group of over 420,000 team members in more than 50 countries. We deliver end-to-end services and solutions with our deep industry expertise and strong partner ecosystem, leveraging our capabilities across strategy, technology, design, engineering and business operations. The Group reported 2025 global revenues of €22.5 billion.
Ambarella uzavřela s Macnica dlouhodobou strategickou distribuční dohodu, která rozšíří dostupnost a adopci edge AI produktů a řešení v Americe a EMEA. Firma očekává, že to přinese významné nové příjmy prostřednictvím nepřímých kanálů.
Partnership expands Ambarella’s go-to-market reach through Macnica’s distribution, technical enablement and ecosystem development capabilities across the Americas and EMEA, driving significant potential net new revenues for Ambarella
Macnica to support ISVs, OEMs, ODMs, systems integrators and customers building and deploying solutions on Ambarella’s edge AI platform
SANTA CLARA, Calif., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced that it has entered into a long-term strategic distribution agreement with Macnica Americas, Inc. and Macnica ATD Europe S.A.S. (collectively, “Macnica”) to expand the availability and adoption of Ambarella’s edge AI infrastructure products and solutions across the Americas and EMEA.
Under the agreement, Ambarella has appointed Macnica as a non-exclusive authorized distributor for Ambarella edge AI infrastructure semiconductor devices and associated platforms, including Ambarella’s CV-series and N-series SoCs, systems-on-module (SOMs), edge AI systems, evaluation and development platforms, reference designs, software development kits and related solutions.
The agreement represents an important expansion of Ambarella’s indirect go-to-market strategy for edge AI infrastructure and Physical AI. The companies intend to combine Ambarella’s highly efficient AI silicon and full-stack software platform with Macnica’s semiconductor distribution capabilities, technical expertise, supply-chain infrastructure and customer relationships to help accelerate the development and deployment of edge AI solutions. This has the potential to drive significant potential net new revenues for Ambarella through indirect channels.
The relationship extends beyond traditional product distribution. Macnica will work with Ambarella to develop and support an ecosystem of independent software vendors (ISVs), OEMs, ODMs, systems integrators and other channel partners building solutions around Ambarella’s edge AI platform. These activities are expected to include partner recruitment and onboarding, technical integration support, design-in assistance, joint go-to-market programs, demand-generation activities and customer deployment support.
“As edge and Physical AI workloads become increasingly sophisticated, customers need more than silicon alone—they need complete technology ecosystems that can support them from initial evaluation and design-in through deployment,” said Fermi Wang, President and Chief Executive Officer of Ambarella. “Our strategic relationship with Macnica expands Ambarella’s ability to serve these customers by combining our highly efficient edge AI platform with Macnica’s distribution reach, technical capabilities and ecosystem expertise. Together, we intend to make it easier for customers and partners to bring innovative edge AI solutions to market.”
Macnica will provide customers, channel partners and ISVs with pre-sales technical consultation, product evaluation support, design-in assistance, SDK integration support and post-sales technical support. The companies will also collaborate on industry events, marketing programs and other demand-generation activities designed to increase awareness and adoption of Ambarella’s edge AI technology.
“Ambarella’s edge AI platform aligns closely with Macnica’s Capture → Process → Communicate strategy and our focus on enabling advanced intelligent systems,” said Aki Miyoshi, Co-CEO, Macnica, Inc. “By combining Ambarella’s AI processing technology with Macnica’s engineering expertise, distribution infrastructure and ecosystem relationships, we intend to help customers and partners move efficiently from evaluation and development to commercial deployment across the Americas and EMEA.”
The companies initially plan to focus their collaboration on applications including intelligent video analytics, smart infrastructure, autonomous robotics and mobility, industrial IoT, intelligent transportation, retail analytics, security and surveillance, and distributed edge computing.
The agreement begins with a structured commercial development and market-validation phase focused on establishing joint go-to-market capabilities, developing customer opportunities, enabling ecosystem partners and validating Ambarella-based solutions in the market. The companies expect to expand their collaboration as customer engagements, design activity and the supporting partner ecosystem scale.
Through the combined ecosystem, customers will be able to work with Ambarella and Macnica partners to assemble solutions spanning AI silicon, systems, software and integration services. This partner-led approach is intended to reduce integration complexity and shorten the path from evaluation and proof-of-concept to production deployment for enterprises adopting edge AI and Physical AI technologies.
About Ambarella
With an installed base of more than 50 million AI SoC units, Ambarella’s products are utilized in a wide variety of physical edge AI applications spanning edge endpoint and edge infrastructure use cases including physical security, vehicle safety, telematics, autonomy, portable video, aerial drones and emerging robotic applications.
Building on this footprint, Ambarella offers a full-stack edge AI platform, from highly optimized silicon and programmable software to AI frameworks that coordinate perception, decision-making and control across devices. Ambarella’s low-power systems-on-chip (SoCs) integrate proprietary and highly efficient perception and deep-learning neural-network AI accelerators, enabling electronic systems to achieve increasing levels of machine autonomy.
For more information, please visit www.ambarella.com.
About Macnica
Macnica, Inc. is a service/solution company that handles the latest technologies in a comprehensive manner, centered on semiconductors and cyber security. Developing business in 100 locations in 33 countries/regions around the world, leveraging the technological capabilities and global network cultivated over a history of more than 50 years, we discover, propose, and implement cutting-edge technologies such as AI, IoT, and autonomous driving.
Through Macnica Americas, Inc. and Macnica ATD Europe S.A.S., Macnica supports customers across the Americas and EMEA with technical support, design services and ecosystem capabilities spanning Capture → Process → Communicate architectures.
Learn more at www.macnica.com/americas and www.macnica.com/eu.
Ambarella Contacts
Media contact: Jonathan Miller, [email protected], +1 408-365-4348Investor contact: Louis Gerhardy, [email protected], +1 408-636-2310Sales contact: https://www.ambarella.com/contact-us/
Ambarella ve 2. fiskálním čtvrtletí zvýšila tržby na 108,1 mil. USD z 95,5 mil. USD a snížila čistou ztrátu na 6,7 mil. USD. Na 3. čtvrtletí čeká tržby 115–124 mil. USD.
SANTA CLARA, Calif., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced second quarter fiscal 2027 financial results for the period ended July 31, 2026.
Revenue for the second quarter of fiscal 2027 was $108.1 million, up 13.2% from $95.5 million in the same period in fiscal 2026. For the six months ended July 31, 2026, revenue was $208.5 million, up 14.9% from $181.4 million for the six months ended July 31, 2025.Gross margin under U.S. generally accepted accounting principles (GAAP) for the second quarter of fiscal 2027 was 57.7%, compared with 58.9% for the same period in fiscal 2026. For the six months ended July 31, 2026, GAAP gross margin was 58.0%, compared with 59.4% for the six months ended July 31, 2025.GAAP net loss for the second quarter of fiscal 2027 was $6.7 million, or loss per diluted ordinary share of $0.15, compared with a GAAP net loss of $20.0 million, or loss per diluted ordinary share of $0.47, for the same period in fiscal 2026. GAAP net loss for the six months ended July 31, 2026 was $24.8 million or loss per diluted ordinary share of $0.57. This compares with GAAP net loss of $44.3 million, or loss per diluted ordinary share of $1.05, for the six months ended July 31, 2025. Financial results on a non-GAAP basis for the second quarter of fiscal 2027 are as follows:
Gross margin on a non-GAAP basis for the second quarter of fiscal 2027 was 59.3%, compared with 60.5% for the same period in fiscal 2026. For the six months ended July 31, 2026, non-GAAP gross margin was 59.6%, compared with 61.2% for the six months ended July 31, 2025.Non-GAAP net income for the second quarter of fiscal 2027 was $8.2 million, or earnings per diluted ordinary share of $0.18. This compares with non-GAAP net income of $6.4 million, or earnings per diluted ordinary share of $0.15, for the same period in fiscal 2026. Non-GAAP net income for the six months ended July 31, 2026 was $13.3 million, or earnings per diluted ordinary share of $0.30. This compares with non-GAAP net income of $9.5 million, or earnings per diluted ordinary share of $0.22, for the six months ended July 31, 2025. Based on information available as of today, Ambarella is offering the following guidance for the third quarter of fiscal year 2027, ending October 31, 2026:
Revenue is expected to be between $115.0 million and $124.0 million.Gross margin on a non-GAAP basis is expected to be between 59.0% and 60.0%.Non-GAAP operating expenses are expected to be between $56.5 million and $59.5 million.
Ambarella reports gross margin, net income (loss) and earnings (losses) per share in accordance with GAAP and, additionally, on a non-GAAP basis. Non-GAAP financial information excludes the impact of stock-based compensation and acquisition-related costs adjusted for the associated tax impact, which includes the effect of any benefits or shortfalls recognized. In addition, in our second quarter of fiscal 2027, we recognized a one-time $9.0 million reduction in our GAAP research and development expense on release of a deposit liability following the termination of a development project. Given the nature of this credit and that it is non-recurring, we excluded it from operating expenses for the purpose of reporting non-GAAP financial results. A reconciliation of the GAAP to non-GAAP gross margin, net income (loss) and earnings (losses) per share for the periods presented, as well as a description of the items excluded from the non-GAAP calculations, is included in the financial statements portion of this press release.
Total cash, cash equivalents and marketable debt securities on hand at the end of the second quarter of fiscal 2027 was $272.3 million, compared with $277.8 million at the end of the prior quarter and $261.2 million at the end of the same quarter a year ago.
“Our edge AI revenue reached record levels in Q2, with balanced sequential growth in Auto and IoT markets with very strong growth from our 5nm CV75 and CV72 AI SoCs. We are making significant progress with our strategic priorities to extend our market reach with new higher value products and the implementation of new go-to-market strategies. These include the introduction of our first stand-alone AI Accelerator, X7, and the execution of 7-year agreements to develop the indirect sales channel with both Macnica, a leading global technical distributor, and CapGemini, a leading global engineering and systems integration firm,” said Fermi Wang, President & CEO. “These developments are contributing to an increase in our 5-year serviceable market (“SAM”) forecast for edge AI and Physical AI.”
Quarterly Conference Call
Ambarella plans to hold a conference call at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time today with Fermi Wang, President and Chief Executive Officer, and John Young, Chief Financial Officer, to discuss the second quarter of fiscal year 2027 results. A live and archived webcast of the call will be available on Ambarella’s website at http://www.ambarella.com/ for up to 30 days after the call.
About Ambarella
With an installed base of more than 50 million AI SoC units, Ambarella’s products are utilized in a wide variety of physical edge AI applications, spanning edge endpoint and edge infrastructure use cases including physical security, vehicle safety, telematics, autonomy, portable video, aerial drones, and other emerging robotic applications. Building on this footprint, Ambarella offers a full-stack edge AI platform, from highly optimized silicon and programmable software to AI agentic frameworks that coordinate perception, decision-making and control across devices. Ambarella’s low-power systems-on-chip (SoCs) integrate proprietary and highly efficient perception and deep learning neural network AI accelerators, enabling electronic systems to become more productive with partial or complete levels of machine autonomy. For more information, please visit www.ambarella.com.
"Safe harbor" statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements that are not historical facts and often can be identified by terms such as “outlook,” “projected,” “intends,” “will,” “estimates,” “anticipates,” “expects,” “believes,” “could,” “should,” or similar expressions, including the guidance for the third quarter of fiscal year 2027 ending October 31, 2026, and the comments of our CEO relating to demand for edge AI solutions, our progress with strategic priorities to extend our market reach, our ability to successfully build an indirect sales channel, the forecasted size of our serviceable market (“SAM”), and our ability to successfully penetrate the edge AI and Physical AI markets. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. Our actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of our future performance.
The risks and uncertainties referred to above include, but are not limited to, global economic and political conditions; changes in government policies, including possible trade tariffs and restrictions; revenue being generated from new customers or design wins, neither of which is assured; the commercial success of our customers’ products; our customers’ ability to manage their inventory requirements; our growth strategy; our ability to anticipate future market demands and future needs of our customers, particularly for AI inference applications; our ability to introduce, and to generate revenue from, new and enhanced solutions; our ability to develop, and to generate revenue from, new advanced technologies, such as AI functionality and advanced networks, including vision-language models and GenAI; our ability to retain and expand customer relationships and to achieve design wins; the expansion of our current markets and our ability to successfully enter new markets and applications, such as edge infrastructure; anticipated trends and challenges, including competition, in the markets in which we operate; risks associated with global health conditions and associated risk mitigation measures; our ability to effectively manage growth; our ability to retain key employees; and the potential for intellectual property disputes or other litigation.
Further information on these and other factors that could affect our financial results is included in the company’s Annual Report on Form 10-K for our 2026 fiscal year, which is on file with the Securities and Exchange Commission. Additional information will also be set forth in the company’s quarterly reports on Form 10-Q, annual reports on Form 10-K and other filings the company makes with the Securities and Exchange Commission from time to time, copies of which may be obtained by visiting the Investor Relations portion of our web site at www.ambarella.com or the SEC's web site at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. The results we report in our Quarterly Report on Form 10-Q for the second quarter of fiscal 2027 ended July 31, 2026 could differ from the preliminary results announced in this press release.
Ambarella assumes no obligation and does not intend to update the forward-looking statements made in this press release, except as required by law.
Non-GAAP Financial Measures
The company has provided in this release non-GAAP financial information, including non-GAAP gross margin, net income (loss), and earnings (losses) per share, as a supplement to the condensed consolidated financial statements, which are prepared in accordance with generally accepted accounting principles ("GAAP"). Management uses these non-GAAP financial measures internally in analyzing the company’s financial results to assess operational performance and liquidity. The company believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning, forecasting and analyzing future periods. Further, the company believes these non-GAAP financial measures are useful to investors because they allow for greater transparency with respect to key financial metrics that the company uses in making operating decisions and because the company believes that investors and analysts use them to help assess the health of its business and for comparison to other companies. Non-GAAP results are presented for supplemental informational purposes only for understanding the company’s operating results. The non-GAAP information should not be considered a substitute for financial information presented in accordance with GAAP and may be different from non-GAAP measures used by other companies.
With respect to its financial results for the second quarter of fiscal year 2027, the company has provided below reconciliations of its non-GAAP financial measures to its most directly comparable GAAP financial measures. With respect to the company’s expectations for the third quarter of fiscal year 2027, a reconciliation of non-GAAP gross margin and non-GAAP operating expenses guidance to the closest corresponding GAAP measure is not available without unreasonable efforts on a forward-looking basis due to the high variability and low visibility with respect to the charges excluded from these non-GAAP measures. We expect the variability of the above charges to have a significant, and potentially unpredictable, impact on our future GAAP financial results.
AMBARELLA, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except share and per share data)(unaudited) Three Months Ended July 31, Six Months Ended July 31, 2026 2025 2026 2025 Revenue $108,125 $95,511 $208,482 $181,383 Cost of revenue 45,709 39,280 87,477 73,616 Gross profit 62,416 56,231 121,005 107,767 Operating expenses: Research and development 50,581 59,734 108,721 118,553 Selling, general and administrative 19,978 18,486 39,843 37,061 Total operating expenses 70,559 78,220 148,564 155,614 Loss from operations (8,143) (21,989) (27,559) (47,847) Other income, net 1,806 2,247 3,889 4,422 Loss before income taxes (6,337) (19,742) (23,670) (43,425) Provision for income taxes 352 253 1,112 898 Net loss $(6,689) $(19,995) $(24,782) $(44,323) Net loss per share attributable to ordinary shareholders: Basic $(0.15) $(0.47) $(0.57) $(1.05)Diluted $(0.15) $(0.47) $(0.57) $(1.05)Weighted-average shares used to compute net loss per share attributable to ordinary shareholders: Basic 44,005,576 42,546,979 43,805,429 42,383,475 Diluted 44,005,576 42,546,979 43,805,429 42,383,475 The following tables present details of stock-based compensation, acquisition-related costs and development project termination credit, included in each functional line item in the condensed consolidated statements of operations above:
Three Months Ended July 31, Six Months Ended July 31, 2026
2025
2026
2025
(unaudited, in thousands) Stock-based compensation: Cost of revenue$951 $780 $1,734 $1,731 Research and development 14,007 16,972 27,721 34,557 Selling, general and administrative 7,742 7,436 15,138 15,030 Total stock-based compensation$22,700 $25,188 $44,593 $51,318 Three Months Ended July 31, Six Months Ended July 31, 2026
2025
2026
2025
(unaudited, in thousands) Acquisition-related costs: Cost of revenue$757 $757 $1,514 $1,514 Research and development — — — — Selling, general and administrative 456 456 912 912 Total acquisition-related costs$1,213 $1,213 $2,426 $2,426 Three Months Ended July 31, Six Months Ended July 31, 2026
2025
2026
2025
(unaudited, in thousands) Development project termination credit: Cost of revenue$— $— $— $— Research and development (9,000) — (9,000) — Selling, general and administrative — — — — Total development project termination credit$(9,000) $— $(9,000) $— The difference between GAAP and non-GAAP gross margin was 1.6% and 1.6%, or $1.7 million and $1.5 million, for the three months ended July 31, 2026 and 2025, respectively. The difference between GAAP and non-GAAP gross margin was 1.6% and 1.8%, or $3.2 million and $3.2 million, for the six months ended July 31, 2026 and 2025, respectively. The differences were due to the effect of stock-based compensation and acquisition-related costs.
AMBARELLA, INC.RECONCILIATION OF GAAP TO NON-GAAP DILUTED EARNINGS (LOSSES) PER SHARE(in thousands, except share and per share data) Three Months Ended July 31, Six Months Ended July 31, 2026
2025
2026
2025
(unaudited)GAAP net loss$(6,689) $(19,995) $(24,782) $(44,323) Non-GAAP adjustments: Stock-based compensation expense 22,700 25,188 44,593 51,318 Acquisition-related costs 1,213 1,213 2,426 2,426 Development project termination credit (9,000) — (9,000) — Income tax effect 9 22 29 36 Non-GAAP net income$8,233 $6,428 $13,266 $9,457 GAAP - diluted weighted average shares 44,005,576 42,546,979 43,805,429 42,383,475 Non-GAAP - diluted weighted average shares 44,515,009 42,946,324 44,207,416 42,698,780 GAAP - diluted net loss per share$(0.15) $(0.47) $(0.57) $(1.05)Non-GAAP adjustments: Stock-based compensation expense 0.52 0.59 1.02 1.21 Acquisition-related costs 0.03 0.03 0.06 0.06 Development project termination credit (0.20) — (0.21) — Income tax effect — — — — Effect of Non-GAAP - diluted weighted average shares (0.02) — — — Non-GAAP - diluted net income per share$0.18 $0.15 $0.30 $0.22 AMBARELLA, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(unaudited, in thousands) July 31, January 31, 2026 2026 ASSETS Current assets: Cash and cash equivalents$101,850 $191,019 Marketable debt securities 170,482 121,552 Accounts receivable, net 37,440 39,180 Inventories 76,923 52,246 Restricted cash 442 442 Prepaid expenses and other current assets 6,885 5,836 Total current assets 394,022 410,275 Property and equipment, net 12,061 11,553 Intangible assets, net 56,672 58,046 Operating lease right-of-use assets, net 10,923 12,118 Goodwill 303,625 303,625 Other non-current assets 2,902 2,983 Total assets$780,205 $798,600 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable 26,478 54,029 Accrued and other current liabilities 86,490 97,964 Operating lease liabilities, current 2,229 2,027 Income taxes payable 2,309 1,531 Deferred revenue, current 20,865 22,393 Total current liabilities 138,371 177,944 Operating lease liabilities, non-current 10,413 11,408 Other long-term liabilities 11,105 14,459 Total liabilities 159,889 203,811 Shareholders' equity: Preference shares — — Ordinary shares 20 19 Additional paid-in capital 973,864 922,119 Accumulated other comprehensive income (loss) (864) 573 Accumulated deficit (352,704) (327,922)Total shareholders’ equity 620,316 594,789 Total liabilities and shareholders' equity$780,205 $798,600 Contact: Louis Gerhardy
408.636.2310 [email protected]
Tinder zrychlil tempo vývoje produktů na dvojnásobek oproti loňsku a více než 90 % nového kódu už tvoří AI. Firma zároveň přešla na doporučení zaměřená na „Sparks“.
3 Big Earnings Misses: Is It Time to Buy the Dip?Match Group NASDAQ: MTCH outlined changes to Tinder’s product-development process, recommendation systems and artificial-intelligence strategy during a CEO connection event focused on the dating app’s recent pace of product releases.
Tinder Chief Product Officer Mark Kantor said the company has updated “nearly every part” of the app over the past 18 months, including trust and safety, recommendations and new social connection features. He said Tinder reduced the prevalence of bots and bad actors by more than 60% and introduced products including Double Date and Events.
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3 Stocks Ringing in The New Year With Large Buyback AnnouncementsKantor attributed the faster pace to organizational changes, including smaller and more autonomous teams, increased direct engagement with users and the adoption of “Sparks” as a central performance metric. Tinder defines a Spark as a multi-way, six-way conversation, and the company said the metric is intended to align teams around user outcomes rather than simpler measures such as matches or likes.
Engineering Output and AI Tools Tinder Chief Technology Officer Vinay Kuruvila said the engineering team is shipping product at twice the rate it was a year ago. He said the company reduced linear handoffs among product, design and engineering teams while increasing experimentation and iteration.
Bumble's Valuation Hits an All-Time Low, Can Its Fortunes Change?Kuruvila said Tinder has also invested in its technology stack, including rearchitecting systems affected by technical debt, upgrading infrastructure for recommendations and machine-learning teams, and improving its experimentation platform. The company rewrote its chat system while keeping other parts of the ecosystem moving forward, he said, and plans to focus next on onboarding.
Artificial intelligence has become central to both product development and customer-facing features, executives said. Kantor said Tinder uses AI to reduce onboarding friction, help users build profiles and choose photos, support trust and safety tools, and improve recommendations. He said AI has shortened certain work that previously took months into weeks, or weeks into days.
As an example, Kantor said the Events product moved from an initial meeting in January to rapid prototypes within days and a public minimum viable product launch in Los Angeles in March.
Kuruvila said more than 90% of new code at Tinder is AI-generated, while emphasizing that engineers review the output. According to Kuruvila, every AI-generated code submission is reviewed by two engineers, while AI agents are also used to write tests, verify code and fix simpler bugs with human oversight.
The company said it is placing greater emphasis on hiring early-career talent with AI fluency. Kuruvila said engineering candidates are asked to complete multiple tasks using AI and explain their approach. Kantor said he is seeking curiosity, initiative and evidence of personal projects from product and design candidates.
Recommendation System Focuses on “Sparks” Kuruvila described Tinder’s recommendation work as still being in the “early innings,” saying major releases continue to produce substantial changes in core metrics. A July launch, called Queue Unification V2, combined previously separate recommendation queues into a single system optimized for Sparks and Spark Coverage.
Previously, different queues could have distinct objectives, such as maximizing revenue, supporting new-user retention or retaining existing paying users. Under the unified approach, Kuruvila said Tinder’s machine-learning algorithms are optimized around Sparks. He said the change has driven Sparks “significantly higher” for straight women, while rollout to other segments remains ongoing.
Tinder is also developing real-time adaptive recommendations, which Kuruvila said are expected to launch in late fourth quarter. Currently, a shift in a user’s swipe behavior can take up to four hours to affect recommendations, he said. The planned system is intended to respond to behavioral changes in seconds.
Kuruvila said the company’s decision to optimize for user outcomes rather than likes or revenue represents a major shift. He added that Tinder has a “user give back” budget allowing teams to pursue changes that could improve engagement even if they reduce revenue, although the company has generally found that engagement improvements also support revenue.
Social Features and Shared Technology Kantor said user research has repeatedly shown that singles want to bring friends into the dating experience. Tinder believes social features can reduce pressure, improve safety and make interactions more enjoyable, he said.
He said that in the U.S., more than one in five Tinder users between ages 18 and 22 has a Double Date pair. Tinder is also working on group hangouts that would support more participants, Kantor said. The company is continuing to add social elements to Events, noting that users commonly bring friends rather than attend alone.
Looking ahead, Kantor said Tinder is focused on improving the post-match experience, including using its rebuilt chat infrastructure to support conversations and meetup planning. Kuruvila said Match Group is increasingly sharing AI infrastructure, trust and safety technology and development tools across its portfolio of brands, including age assurance, verification and AI moderation capabilities.
About Match Group (NASDAQ:MTCH)Match Group, Inc NASDAQ: MTCH is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.
Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.
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Missouri American Water dokončila koupi vodovodních a kanalizačních systémů města Neosho za 34,5 milionu USD. Sítě obsluhují asi 5 400 odběratelů vody a 5 400 odběratelů kanalizace.
Acquisition Adds Approximately 5,400 Water and 5,400 Wastewater Customers; $35 Million in Planned Infrastructure Investments
, /PRNewswire/ -- Missouri American Water today completed its acquisition of the City of Neosho's water and wastewater systems for $34.5 million. The newly acquired systems serve approximately 5,400 water and 5,400 wastewater customers. Additionally, Missouri American Water is welcoming 25 employees who have proudly provided service to these customers prior to the acquisition.
The agreement for the purchase of the systems was unanimously approved by Neosho City Council on August 19, 2025, and the Missouri Public Service Commission (PSC) approved the acquisition on June 24, 2026. The agreement highlights Missouri American Water's commitment to deliver safe, clean, reliable and affordable water and wastewater services by making necessary system investments and improving operational efficiency for this community.
"The decision to sell Neosho's water and wastewater systems was made after careful consideration of the long-term needs of our residents and the significant investment required to maintain and improve these critical systems," said Neosho Mayor Tom Workman. "This acquisition positions our community to benefit from experienced utility operations, planned infrastructure improvements and continued focus on safe, reliable water and wastewater service. We appreciate the company's commitment to a smooth transition for customers and to making the investments needed to support Neosho now and into the future."
As part of the agreement and subject to approval by the PSC, Missouri American Water will invest approximately $35 million dollars in the Neosho water and wastewater systems over the next five years. The upgrades include facility improvements, replacement of water and wastewater mains, and the integration of technology to prioritize leak detection and wastewater treatment compliance with federal and state standards. Anticipated improvements also include the identification and replacement of all lead and galvanized steel service lines, replacing and upgrading aging water mains, and replacement of the Buffalo Creek lift station. Additional projects will be identified as Missouri American Water continues its analysis of the systems.
"We are honored to begin serving the City of Neosho as their water and wastewater provider, and our dedicated team of experienced professionals look forward to providing them with excellent service and becoming a part of their community," said Rich Svindland, President of Missouri American Water. "We are well positioned to modernize critical infrastructure, remove lead and galvanized service lines, and enhance quality and increase reliability."
High-quality customer service will remain a priority for Missouri American Water, which was recently ranked highest in customer satisfaction among large utilities in the Midwest by J.D.
Power. Residents will receive additional information in the mail from Missouri American Water in the coming weeks, and the information is also available now on a new, dedicated webpage on the company's website at missouriamwater.com under Customer Service and Billing, then select For New Customers.
Neosho residents will be able to take advantage of the company's customer service benefits, including online account management and billing information. Missouri American Water also provides customer assistance through its H20 Help to Others program for qualifying customers needing help paying their water and wastewater bills.
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 19 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.
About Missouri American Water
Missouri American Water, a subsidiary of American Water, is the largest regulated water utility in the state with over 700 dedicated employees working to provide safe, clean, reliable and affordable water and wastewater services to approximately 1.7 million people. For more, visit missouriamwater.com and follow Missouri American Water on X, Facebook, Instagram, YouTube and LinkedIn.
EastGroup Properties uvedla, že její portfolio bylo k 31. srpnu z 97,1 % pronajato a z 96,1 % obsazeno. V červenci a srpnu podepsala nové a obnovené nájemní smlouvy na 1,944 milionu čtverečních stop s průměrným růstem nájemného o 38,9 %.
, /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "our", "us" or "EastGroup") announced today its recent business activity and participation in upcoming conferences.
Commenting on the Company's activity, Marshall Loeb, CEO, stated, "We are pleased with the strength of our portfolio outperforming our expectations quarter to date. The leasing velocity we enjoyed earlier in the year continues and is reflected in our results. We look forward to seeing many of you at the upcoming conferences. And for any we may miss, we are available for your questions."
As of August 31, 2026, EastGroup's portfolio was 97.1% leased and 96.1% occupied. During July and August, 1,944,000 square feet of new and renewal leases were signed with rental rate increases averaging 38.9% on a straight-line basis and 23.1% on a cash basis.
During the third quarter of 2026 to date, the Company executed eight leases on active development and first generation properties totaling approximately 280,000 square feet.
The Company began construction of three development projects and one redevelopment project totaling 772,000 square feet with projected total costs of approximately $119,000,000. One of the development projects is a 100% pre-leased build-to-suit in San Diego.
The Company transferred a 100% leased, 113,000 square foot development project in Orlando to the operating portfolio.
As previously announced and since EastGroup's earnings release dated July 22, 2026, the Company closed on the acquisition of Harris Ridge Business Center in Austin for approximately $83,000,000. The property includes five buildings containing 388,000 square feet and is currently 95% leased to ten tenants.
In August, the Company acquired 70 acres of development land in the Northeast Dallas submarket for approximately $38,000,000. The land, known as Frisco Park 121 Phase II Land, is adjacent to the Company's previously acquired Frisco Park 121 Land and expands the existing development plan from 4 buildings totaling approximately 350,000 square feet to 11 buildings totaling approximately 1,000,000 square feet.
Also, in September, the Company acquired 30 acres of development land, known as Crossroads Logistics Park Phase II Land, for approximately $12,000,000. This land acquisition expands EastGroup's existing park located in the East Tampa submarket, increasing the existing development plan from three buildings totaling approximately 500,000 square feet to five buildings totaling approximately 850,000 square feet.
During the third quarter of 2026 to date, EastGroup entered into forward equity sale agreements with respect to 532,460 shares of common stock with an initial weighted average forward price of $203.96 per share and approximate gross sales proceeds of $108,600,000, based on the initial forward price. The Company did not receive any proceeds from the sale of common shares by the forward purchasers at the time it entered into forward equity sale agreements. As of September 2, 2026, the Company has 1,572,917 shares of forward equity sales agreements available for settlement prior to the expiration of the applicable settlement periods ranging from March 2027 through February 2028, for approximate gross sales proceeds of $318,200,000, based on an initial weighted average forward price of $202.30 per share.
Management is scheduled to participate in three upcoming conferences:
18th Annual Evercore Real Estate Conference scheduled for Wednesday, September 9, 2026 through Thursday, September 10, 2026; Bank of America Securities Global Real Estate Conference scheduled for Wednesday, September 16, 2026. Management is scheduled to present at 4:30 p.m. Eastern Time. The presentation will be broadcast live and is accessible through a registration link on the Company's website at www.eastgroup.net. An online replay of the webcast will be available at the same location; and Mizuho REIT Conference scheduled for Tuesday, September 29, 2026. During the conferences, EastGroup executives may discuss the Company's transaction activity, leasing environment, market trends and conditions, financial matters and other business that may be affecting the Company. Presentation materials that may be referenced during the EastGroup presentation are available on the "Investor Relations" page of the Company's website.
About EastGroup Properties, Inc.
EastGroup, a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. The Company's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 66.8 million square feet. EastGroup Properties, Inc. press releases are available at www.eastgroup.net.
Forward-Looking Information
The statements and certain other information contained herein, which can be identified by the use of forward-looking terminology such as "may," "will," "seek," "expects," "anticipates," "believes," "targets," "intends," "should," "estimates," "could," "continue," "assume," "projects," "goals," "plans" or variations of such words and similar expressions or the negative of such words, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. These forward-looking statements reflect the Company's current views about its plans, intentions, expectations, strategies and prospects, which are based on the information currently available to the Company and on assumptions it has made. Although the Company believes that its plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, the Company can give no assurance that such plans, intentions, expectations or strategies will be attained or achieved. Furthermore, these forward-looking statements should be considered as subject to the many risks and uncertainties that exist in the Company's operations and business environment. Such risks and uncertainties could cause actual results to differ materially from those projected. These uncertainties include, but are not limited to: international, national, regional and local economic conditions; the competitive environment in which the Company operates; fluctuations of occupancy or rental rates; potential defaults (including bankruptcies or insolvency) on or non-renewal of leases by tenants, or our ability to lease space at current or anticipated rents, particularly in light of ongoing uncertainty around interest rates, tariffs and general economic conditions; disruption in supply and delivery chains; increased construction and development costs, including as a result of tariffs or the recent inflationary environment; acquisition and development risks, including failure of such acquisitions and development projects to perform in accordance with our projections or to materialize at all; potential changes in the law or governmental regulations and interpretations of those laws and regulations, including changes in real estate laws, real estate investment trust ("REIT") or corporate income tax laws, potential changes in zoning laws, or increases in real property tax rates, and any related increased cost of compliance; our ability to maintain our qualification as a REIT; natural disasters such as fires, floods, tornadoes, hurricanes, earthquakes, or other extreme weather events, which may or may not be caused by longer-term shifts in climate patterns, could destroy buildings and damage regional economies; the availability of financing and capital, increases in or long-term elevated interest rates, and our ability to raise equity capital on attractive terms; financing risks, including the risks that our cash flows from operations may be insufficient to meet required payments of principal and interest, and we may be unable to refinance our existing debt upon maturity or obtain new financing on attractive terms or at all; our ability to retain our credit agency ratings; our ability to comply with applicable financial covenants; credit risk in the event of non-performance by the counterparties to our interest rate swaps; how and when pending forward equity sales may settle; lack of or insufficient amounts of insurance; litigation, including costs associated with prosecuting or defending claims and any adverse outcomes; our ability to attract and retain key personnel or lack of adequate succession planning; risks related to the failure, inadequacy or interruption of our data security systems and processes, including security breaches through cyber attacks; pandemics, epidemics or other public health emergencies, such as the coronavirus pandemic; potentially catastrophic events, such as acts of war, civil unrest and terrorism, including escalation or expansion of the war in the Middle East; and environmental liabilities, including costs, fines or penalties that may be incurred due to necessary remediation of contamination of properties presently owned or previously owned by us. All forward-looking statements should be read in light of the risks identified in Part I, Item 1A. Risk Factors within the Company's most recent Annual Report on Form 10-K, as such factors may be updated from time to time in the Company's periodic filings and current reports filed with the SEC. The Company assumes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
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By Thomas Richmond · Updated Sep 3, 4:54pm ET · Published Sep 3, 3:17pm ET
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That wraps up our initial coverage of Lululemon’s Q2 results. Thank you for stopping by!
Lululemon just reported earnings, with shares initially down 15% following the report. Here are the key numbers:
Revenue: $2.416B vs. $2.46B expected Adjusted EPS: $2.92 vs. $1.80 expected Quick Read:
Lululemon delivered a massive EPS beat, but revenue missed expectations as sales fell 4% year over year.
The 15% sell-off despite the earnings beat suggests investors are far more concerned about weakening sales and the company’s turnaround trajectory than near-term profitability.
Consensus sits at , but the full-year framework matters more. Management already reset the full-year 2026 outlook to , down from .
Lululemon Athletica (NASDAQ:LULU) has historically guided conservatively, excluding tariff impacts from headline numbers.
Bullish vs Bearish Scenarios Bullish guidance would hold North America to the high-single-digit annual decline, sustain approximately 20% China growth, and flag tariff mitigation. Investors also want stability on the operating margin compression.
A bearish outcome would be another EPS cut below , deeper Americas comp erosion, or wider markdowns.
With shares already down , guidance dictates whether incoming CEO Heidi O’Neill inherits a stock ready to rebound or a falling knife.
Bull Case: Why a Beat Could Reset the Narrative China and international momentum: Q1 FY2026 China mainland revenue rose , with full-year China guidance intact at growth. Low expectations: Consensus EPS sits at just after downward revisions in 30 days, and shares trade at a P/E. Crowd conviction: Polymarket puts beat odds at , and insiders are net . Bear Case: Why Confidence May Stay Broken North America still deteriorating: Q2 guidance calls for U.S. revenue to decline in the . Margin collapse: Q2 gross margin is guided down ; operating margin drops to . Post-beat selling pattern: Beats averaged a earnings-day reaction. YTD damage: Shares are down YTD, leaving little room for a guidance cut before Heidi O’Neill arrives.
Lululemon is expected to report earnings at 4:05 PM ET, and the biggest question is whether its struggling North American business is stabilizing.
Management previously guided to low-double-digit declines in North American full-price sales, while tariffs and markdowns are expected to pressure gross margin by roughly 410 basis points this quarter.
The report also comes during a major leadership transition. Interim co-CEOs are preparing to hand control to incoming CEO Heidi O’Neill this month, putting even more attention on management’s outlook and commentary.
Lululemon now trades around 10 times earnings, reflecting how far investor confidence has fallen. An earnings beat paired with signs of stabilization in North America could begin resetting the narrative. Another guidance cut would deepen the company’s credibility problem heading into its new CEO era.
This article is updated throughout the trading day. Check back for more.
Full CoverageThe story so far
Lululemon (NASDAQ:LULU | LULU Price Prediction) is expected to report fiscal Q2 results after the bell today at 4:05 PM ET. Shares are down about 40% year to date, leading Michael Burry to call the stock “screaming cheap.”
Sentiment Meets Margin Reset Last quarter, the athletic-apparel maker posted revenue of $2.5 billion with comparable sales down 2% and diluted EPS of $1.69 versus $2.60 a year earlier. Gross margin contracted to 54.2% from 58.3%, and operating margin dropped to 11.2% from 18.5%, pressured by tariffs and fixed-cost deleverage.
Management cited “spikes of negative commentary in the media and on social channels” and product launches that underdelivered. Traffic softened over the last 6-7 weeks of the quarter. Shares fell 8.56% on the reaction, extending a rout that has pulled the stock 40.03% lower over one year.
Consensus Estimates Metric Q2’26 Estimate YoY Change FY26 Estimate FY27 Estimate Revenue $2.46B -2.6% $11.04B $11.34B EPS (Normalized) $1.7902 -42.3% $11.03 $11.46 The consensus sits inside management’s own Q2 range of $1.76 to $1.81, so the bar is set at the guide. Analyst EPS estimates for the full year have been cut from $12.30 ninety days ago to $11.03. That reset reframes any beat as damage control rather than momentum.
What I’m Watching Tonight Tonight, I’ll be watching how management frames the North America trajectory. Management guided the region to a low double-digit revenue decline in Q2 and expects markdowns to peak this quarter before improving sequentially.
Investors are also going to focus on the company’s gross margin. Tariffs alone carry a 150 basis point gross negative impact this quarter, with 100 basis points of offsets. The company is modeling a 20% back-half incremental tariff rate, and any shift there flows straight to the FY EPS range.
Mainland China is another pillar. Management guided to mid-to-high teens growth in Q2 and roughly 20% for the year, with activations including the Great Wall Yoga Experience. Sustainability of this trend after April’s brand disruption will define the international thesis.
I’ll also watch inventory. Q1 dollar inventory grew 2% while units fell roughly 4%. Cleaner units support the promised markdown moderation. Finally, analysts will listen for the tone on the new CEO Heidi O’Neill appointment and any early strategic direction.
Earnings History Quarter EPS Surprise 1-Day Move 7-Day Move 30-Day Move Q1 27 n/a -8.56% +3.97% +2.00% Q4 26 +4.8% -0.40% +1.05% +5.03% Q3 26 +17.27% +9.60% +2.19% +0.02% Q2 26 +8.74% -18.58% -4.73% +3.20% On average, shares moved -2.9% seven days after earnings across the past six reports.
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Thomas Richmond
Thomas Richmond is a financial writer and content strategist with 5+ years of experience covering stocks and financial markets. He has published over 250 articles focused on individual stock analysis, helping investors better understand business fundamentals, stock valuations, and long-term opportunities.
Thomas previously served as a Content Lead at TIKR, a stock research platform, where he helped scale the company’s blog to hundreds of articles per month and contributed to a weekly newsletter reaching more than 100,000 investors.
He specializes in breaking down complex companies into clear, actionable insights for everyday investors, with a focus on fundamentals-driven research.
His work has also been featured on platforms including Seeking Alpha and Sure Dividend.
Outside of work, Thomas enjoys weight lifting and soccer.
HOUSTON, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that shareholders have approved all proposals required to effect the Company's redomestication from Ireland to Delaware, including approval at both the Board-Convened Scheme Meeting and Extraordinary General Meeting. The shareholder vote marks a significant milestone in Weatherford's continued transformation and advances the Company's plan to establish a corporate structure better aligned with its global operations, long-term strategy, and shareholder base.
The Company believes the redomestication will simplify its organizational, statutory, and regulatory structure while providing a more appropriate corporate framework to support future growth and value creation. Weatherford expects the transaction to generate approximately $20 million to $30 million in annual cash savings beginning in 2027 and views the initiative as an important contributor to continued improvement in adjusted free cash flow conversion.
Girish Saligram, Weatherford’s President and Chief Executive Officer, commented, “We appreciate the strong support from our shareholders and their confidence in Weatherford's strategy. This vote represents an important milestone in our evolution as a company and reflects a shared commitment to creating long-term value. By redomesticating to Delaware, we are establishing a more efficient corporate structure that better aligns with our operations, enhances financial flexibility, and supports our continued focus on delivering strong returns for shareholders.”
The redomestication remains subject to customary closing conditions, including final approval by the Irish High Court. Subject to satisfaction of those conditions, the Company expects the transaction to become effective during the fourth quarter of 2026.
About Weatherford
Weatherford is a global energy services company that helps customers drill smarter, complete wells more effectively, and maximize production across the entire well lifecycle. With a differentiated portfolio of market-leading solutions, integrated technologies, and a broad global customer footprint across six continents, we blend advanced engineering, digital intelligence, and world-class field expertise to reduce risk, improve performance, and maximize the value of customer assets. Together, we elevate every operation, delivering stronger wells, sharper decisions, and better energy for the world. Visit weatherford.com for more information and connect with us on social media.
Forward-Looking Statements
This release, as well as other statements we make, include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not historical facts, including statements about Weatherford’s beliefs, plans, estimates, or expectations, are forward-looking statements. Forward-looking statements often use words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “plan,” “potential,” “should,” “target,” “will,” and other words of similar meaning. Such forward-looking statements include, but are not limited to, statements regarding the redomestication, that include, among other things, the anticipated timing and benefits of the redomestication, including the realization of additional cost savings and operational efficiencies, and statements relating to future financial performance and results and goals. These statements are based on current beliefs, plans, estimates, and expectations, all of which involve risk and uncertainty. Actual results may differ materially from those included in such forward-looking statements and therefore you should not place undue reliance on them.
The factors that could cause actual results to differ materially from current expectations include, but are not limited to, our ability to receive, in a timely manner and on satisfactory terms, required court approval, and to satisfy the other conditions to the redomestication within the expected timeframe or at all; our ability to realize the expected benefits from the redomestication; the occurrence of difficulties in connection with the redomestication, including any costs related thereto; the risk that the redomestication disrupts current plans and operations; any changes in tax laws, tax treaties or tax regulations or the interpretation or enforcement thereof by the tax authorities in Ireland, the United States and other jurisdictions following the redomestication; and the future financial performance of Weatherford following the redomestication.
The foregoing factors are in addition to those other risks, uncertainties, and factors included in the “Risk Factors” section and elsewhere in Weatherford’s reports filed with the SEC, including annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, the proxy statement for the meetings, and other documents filed with the SEC. There may be other risks and uncertainties that we are not currently aware of or are unable to predict and which may also affect Weatherford’s forward-looking statements and may cause actual results and the timing of events to differ materially from those anticipated. The forward-looking statements made in this communication are made only as of the date hereof or as of the dates indicated in the forward-looking statements and Weatherford undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.
For Investors:
Luke Lemoine
Weatherford Investor Relations
+1 713-836-7777 [email protected]
For Media:
Kelley Hughes
Weatherford Communications, Marketing and Sustainability [email protected]
Samsara ve 2. fiskálním čtvrtletí překonala odhady: EPS činil 20 centů a tržby 508,44 milionu USD. Akcie v prodlouženém obchodování vzrostly o 13,32 %.
Samsara Inc. (NYSE:IOT) posted its fiscal 2027 second-quarter results after Thursday’s closing bell, beating expectations across the board. Here’s a look at the details inside the report.
IOT stock is moving. Watch the price action here. Samsara Q2 Details Samsara reported quarterly earnings of 20 cents per share, which beat the Street estimate of 16 cents by 25%, per Benzinga Pro data.
Quarterly revenue came in at $508.44 million, beating the analyst estimate of $483.26 million and up from $391.480 million in the same period last year.
The company also announced it has crossed $2.1 billion in annual recurring revenue and added 242 $100,000-plus ARR customers and 20 $1 million-plus ARR customers.
Samsara’s additional highlights include:
$2.1 billion in ARR, up 30% year-over-year $134 million in net new ARR, up 28% year-over-year ARR from $100,000-plus ARR customers accelerated for the fourth consecutive quarter ARR from $1 million-plus ARR customers surpassed $500 million, growing more than 50% year over year for the third consecutive quarter Emerging products contributed more than 20% of net new ACV for the third consecutive quarter Read Next
“Samsara delivered another quarter of durable and efficient growth, crossing $2.1 billion in ARR with 30% year-over-year growth for the third consecutive quarter,” said CEO Sanjit Biswas.
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“Our large customers continue to drive our momentum, and customer adoption of some of our latest AI features is up more than 4x in the last two months,” Biswas added.
IOT Stock Price: According to data from Benzinga Pro, Samsara stock was up 13.32% to $43.91 in Thursday’s extended trading.
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Electric power transmission pylon miniatures and Dominion Energy logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
CompaniesSept 3 (Reuters) - Dominion Energy (D.N), opens new tab said in a regulatory filing on Thursday that its shareholders approved the utility's previously announced $66.8 billion merger with NextEra Energy (NEE.N), opens new tab at a special meeting, with 671.32 million votes cast in favor of the deal.
The companies had announced their plan to merge in May, which is expected to create one of the world's largest electric utilities during an expansion of energy-intensive data centers to support artificial intelligence.
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Virginia-based Dominion serves the largest concentration of data centers globally.
A resurgence in electricity demand and the growing electrification of transportation and other industries has sparked a wave of major utility mergers in recent years after nearly two decades of stagnant power consumption.
The deal, which is pending regulatory approvals, will create the third-biggest U.S. energy company, behind oil majors Exxon Mobil (XOM.N), opens new tab and Chevron (CVX.N), opens new tab, and an entity with an enterprise value topping the next two largest U.S. power companies combined.
Virginia Governor Abigail Spanberger said in August she would intervene in the regulatory review of NextEra's merger with Dominion, pressing for commitments on electric bill affordability, job protections and clean energy investments.
The governor said she would formally become a party to the case before the Virginia State Corporation Commission, giving her access to filings and the ability to raise questions and concerns about the transaction.
While Maine Governor Janet Mills also said in the same month that the deal would give NextEra excessive control over New England energy assets, limit competition and make it harder to lower energy costs.
A Maine legislation in April had imposed a moratorium on new data centers as concerns grew over their impact on power bills and the environment.
Reporting by Pooja Menon in Bengaluru; Editing by Shailesh Kuber
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Cencora zvýšila výhled upraveného EPS pro fiskální rok 2026 na 17,75–17,95 USD po silnějším růstu upraveného zisku ve 3. čtvrtletí. Upravený zisk na akcii vzrostl meziročně o 12 % na 4,48 USD.
Key Takeaways Cencora lifted fiscal 2026 adjusted EPS guidance to $17.75-$17.95 after stronger third-quarter profits.COR's U.S. segment profit rose 15.9%, helped by OneOncology, specialty sales and higher pharma volumes.Cencora's international operating income rose 20.8%, driven by European distribution and specialty logistics. Cencora (COR - Free Report) raised its fiscal 2026 adjusted earnings outlook after third-quarter results showed faster profit growth across both healthcare solutions segments. Adjusted earnings per share rose 12% year over year to $4.48, topping the Zacks Consensus Estimate by 2.5%.
The investor question is whether specialty-driven operating leverage can keep outweighing lower-margin product mix and higher financing costs. Recent results suggest specialty is doing more of the earnings work, even as reported revenue growth remains pressured by pricing changes and customer losses.
Cencora’s Q3 Beat Leads to a Higher EPS OutlookThird-quarter revenues increased 5.1% to $84.76 billion, while adjusted operating income advanced 17% to $1.24 billion. Adjusted operating margin improved 15 basis points to 1.46% as gross profit growth outpaced the increase in operating expenses.
Cencora lifted fiscal 2026 adjusted earnings guidance to $17.75-$17.95 per share from $17.70-$17.90. It also narrowed adjusted operating income growth expectations upward to 13%-14% from 12%-14%, while maintaining consolidated revenue growth guidance of 4%-6%.
Image Source: Zacks Investment Research
COR’s U.S. Healthcare Business Drives Profit GrowthU.S. Healthcare Solutions revenues rose 4.9% to $74.9 billion, supported by higher unit volumes, specialty product sales and GLP-1 demand. Segment operating income climbed 15.9% to $966.2 million, aided by OneOncology and increased pharmaceutical sales.
Management said OneOncology and Retina Consultants of America performed ahead of expectations, while the core business generated double-digit organic operating income growth excluding OneOncology and the lost oncology customer. McKesson Corporation (MCK - Free Report) is also expanding its oncology and multispecialty platform, including an agreement announced in August to acquire Precision Medicine Group for about $2.25 billion. Cardinal Health (CAH - Free Report) , another major pharmaceutical distributor, provides a useful industry comparison because pharmaceutical distribution remains central to its business.
Cencora’s International Segment Adds MomentumInternational Healthcare Solutions revenues increased 5.9% to $7.7 billion, or 6.1% at constant currency. Operating income rose 20.8% to $165.9 million and advanced 23.1% at constant currency.
European distribution and global specialty logistics drove the improvement. The quarter also benefited from the timing of manufacturer price changes in a developing market, a factor management does not expect to repeat in the fourth quarter.
COR’s GLP-1 Mix and Interest Costs Temper the UpsideGLP-1 sales increased $2.3 billion year over year and supported U.S. revenue growth, but these products carry lower gross profit margins than many other categories. Cencora also absorbed a $2.4 billion revenue headwind from manufacturer list-price reductions, along with the effects of a lost oncology customer and lower sales to a large mail-order customer.
Financing is another offset. Net interest expense increased 72% to $140.7 million, primarily because of debt raised to help fund the OneOncology acquisition and lower interest income. Cencora has made progress on debt repayment, but higher borrowing costs remain part of the earnings equation.
Cencora’s Strong Style Scores Meet a Hold SignalThe raised outlook and specialty execution support the earnings picture, but mix, pricing and financing pressures keep the near-term setup balanced. Cencora currently carries a Zacks Rank #3 (Hold), which points to a neutral near-term earnings-estimate signal rather than a clear buy or sell indication. McKesson and Cardinal Health currently carry a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy)stocks here.
COR has a Growth Score of A, VGM Score of A and Value Score of B, indicating favorable characteristics across growth and broader style measures. Its Momentum Score of D is less supportive. Because Style Scores are designed to complement the Zacks Rank, the combination suggests attractive fundamental traits alongside a more measured near-term view.
Globus Medical získala CE mark pro Excelsius3D™, takže jej může komerčně prodávat v EU a Británii. Systém rozšiřuje ekosystém Excelsius™ a posiluje robotickou navigaci ExcelsiusGPS™.
AUDUBON, Pa., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Globus Medical, Inc. (NYSE: GMED), a leading musculoskeletal technology company, today announced that the Excelsius3D™ intelligent 3-in-1 imaging system is now CE marked for commercial sale in the European Union and the United Kingdom. The addition of Excelsius3D™ expands the company’s Excelsius™ Ecosystem of enabling technologies and further enhances the capabilities of the ExcelsiusGPS™ robotic navigation system in the European Union.
Excelsius3D™ is an intelligent, mobile imaging platform that combines 3D cone-beam computed tomography (CT), 2D fluoroscopy, and digital radiography in a single system. Designed for intraoperative use, Excelsius3D™ seamlessly integrates with ExcelsiusGPS™, enabling intraoperative imaging and robotic navigation to work together within a streamlined procedural workflow. Its compact footprint and omnidirectional wheels facilitate easy positioning and transport within the operating room, while providing surgeons and operating room teams with multiple imaging modalities in one comprehensive platform.
“The CE mark for Excelsius3D™ represents an important milestone in the continued expansion of the Excelsius™ Ecosystem,” said Keith Pfeil, President and Chief Executive Officer of Globus Medical. “We are committed to bringing innovative enabling technologies to surgeons around the world, and this important milestone further expands the capabilities of our platform by combining intraoperative imaging with the robotic navigation capabilities of ExcelsiusGPS™ across the European Union.”
“Excelsius3D™ was developed with a focus on bringing advanced imaging capabilities into a mobile platform that can integrate within the surgical workflow,” said Norbert Johnson, Chief Technology Officer of Globus Medical. “Its integration with ExcelsiusGPS™ represents an important step in connecting imaging, navigation, and robotics within the Excelsius™ Ecosystem, providing surgeons with complementary technologies designed to work together throughout the surgical workflow.”
Excelsius3D™ is designed to function as a stand-alone intraoperative imaging platform or as an integrated component of the Excelsius™ Ecosystem with ExcelsiusGPS™. This flexibility allows hospitals and surgical teams to leverage the system’s advanced imaging capabilities across a range of intraoperative applications while also supporting an integrated imaging and robotic navigation workflow when used with ExcelsiusGPS™.
The Excelsius3D™ system received U.S. Food and Drug Administration (FDA) 510(k) clearance in 2021. With CE marking, Globus Medical will begin commercializing Excelsius3D™ in the European Union and United Kingdom markets.
For more information about Globus Medical and the Excelsius™ Ecosystem, visit https://www.globusmedical.com/musculoskeletal-solutions/excelsiustechnology/.
Indications for Use
Excelsius3D™ is a mobile X-ray system designed for 2D fluoroscopy, 2D digital radiography, and 3D imaging of adult and pediatric patients. The system is indicated for use where a physician benefits from 2D and 3D information on anatomic structures and high contrast objects with high X-ray attenuation such as bony anatomy and metallic objects. Excelsius3D™ images are compatible with image guided systems such as ExcelsiusGPS™.
About Globus Medical, Inc.
Globus Medical, Inc. is a leading global musculoskeletal technology company dedicated to solving unmet clinical needs and changing lives. We innovate with inspired urgency, provide world-class education and clinical support, and advance care throughout spine, orthopedic trauma, joint reconstruction, biomaterials, and enabling technologies. Additional information can be accessed at www.globusmedical.com.
Safe Harbor Statements
All statements included in this press release other than statements of historical fact are forward-looking statements and may be identified by their use of words such as “believe,” “may,” “might,” “could,” “will,” “aim,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “plan” and other similar terms. These forward-looking statements are based on our current assumptions, expectations, and estimates of future events and trends. Forward-looking statements are only predictions and are subject to many risks, uncertainties, and other factors that may affect our businesses and operations and could cause actual results to differ materially from those predicted. These risks and uncertainties include, but are not limited to, the risks and costs associated with health epidemics, pandemics, and similar outbreaks, factors affecting our quarterly results, our ability to manage our growth, our ability to sustain our profitability, demand for our products, our ability to compete successfully (including without limitation our ability to convince surgeons to use our products and our ability to attract and retain sales and other personnel), our ability to rapidly develop and introduce new products, our ability to develop and execute on successful business strategies, our ability to comply with laws and regulations that are or may become applicable to our businesses, our ability to safeguard our intellectual property, our success in defending legal proceedings brought against us, trends in the medical device industry, general economic conditions, the successful integration of businesses that we have acquired or may acquire in the future, and other risks. For a discussion of these and other risks, uncertainties, and other factors that could affect our results, refer to the disclosures contained in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”), including the sections labeled “Risk Factors” and “Cautionary Note Concerning Forward-Looking Statements,” and in our subsequent filings with the SEC. These documents are available at www.sec.gov. Moreover, we operate in an evolving environment. New risk factors and uncertainties emerge from time to time and it is not possible for us to predict all risk factors and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements. Forward-looking statements contained in this press release speak only as of the date of this press release. Except as may be required by applicable law, we undertake no obligation to update any forward-looking statements as a result of new information, events or circumstances or other factors arising or coming to our attention after the date hereof. As used herein, the “Company,” “Globus”, “Globus Medical,” “we,” “us,” and “our” refers to Globus Medical, Inc.
Contact:
Brian Kearns
Senior Vice President, Business Development and Investor Relations
Phone: (610) 930-1800
Email: [email protected] | www.globusmedical.com
Vaxcyte jmenovala Luise Jodara do funkce chief medical officer a Davida McAvoye do funkce chief legal officer. Topline data z fáze 3 studie OPUS-1 pro VAX-31 očekává do konce října 2026.
Luis Jodar, Ph.D., Former Pfizer Chief Medical Officer for Vaccines and Infectious Diseases with Extensive Leadership Experience Across Clinical Development and Medical Affairs for Pneumococcal Conjugate Vaccines Prevnar 13 and Prevnar 20, Joins Vaxcyte as Chief Medical Officer
David McAvoy, J.D., Former Teva Chief Legal Officer, Joins Vaxcyte as Chief Legal Officer
Topline Safety, Tolerability and Immunogenicity Data from VAX-31 Adult Phase 3 OPUS-1 Pivotal Trial Expected by End of October 2026
SAN CARLOS, Calif., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Vaxcyte, Inc. (Nasdaq: PCVX), a clinical-stage vaccine innovation company, today announced the appointments of experienced industry leaders Luis Jodar, Ph.D. as Chief Medical Officer and David McAvoy, J.D. as Chief Legal Officer. The Company also announced that topline safety, tolerability and immunogenicity data from the VAX-31 adult Phase 3 OPUS-1 trial are now expected by the end of October, narrowing its previously communicated guidance of disclosing topline trial data in the fourth quarter of this year.
“Luis and David join Vaxcyte at a pivotal time for the Company,” said Grant Pickering, Chief Executive Officer and Co-founder of Vaxcyte. “Luis is one of the world’s foremost authorities on pneumococcal conjugate vaccines (PCVs), with nearly 20 years at Pfizer helping to lead the clinical development and medical affairs work behind the company’s foundational PCV franchise. He takes the helm of our clinical and medical organizations as we approach the OPUS-1 topline readout, now expected by the end of October, and prepare for the planned Biologics License Application (BLA) submission and potential launch. David has led legal organizations across the biopharmaceutical industry and spent decades counseling organizations through drug development, approval and commercialization. These appointments deepen the leadership bench we are building to carry VAX-31 through to potential commercialization.”
About Luis Jodar, Ph.D.
Dr. Luis Jodar has more than 30 years of experience in vaccine development and launch across industry, international health organizations and academia. He spent 17 years at Pfizer Inc., most recently as Senior Vice President and Chief Medical Officer for Vaccines and Infectious Diseases, leading global medical and scientific functions and serving as a senior decision-maker in clinical development and regulatory strategy for programs including Prevnar 13®, Prevnar 20®, Abrysvo®, Comirnaty® and Paxlovid®. Earlier, he helped lead the Meningitis Vaccine Project at the World Health Organization, which resulted in MenAfriVac®, now having reached over 400 million people across sub-Saharan Africa, and served as Deputy Director General of the International Vaccine Institute in Seoul. He holds a Ph.D. and a Doctor of Pharmacy from the Universidad Complutense de Madrid and completed postdoctoral research in Japan. Dr. Jodar has authored approximately 200 publications and served as the industry representative on the U.S. Food and Drug Administration’s (FDA) Vaccines and Related Biological Products Advisory Committee.
About David McAvoy, J.D.
Mr. McAvoy brings more than three decades of legal leadership in the biopharmaceutical industry to Vaxcyte. He joins the Company from Teva Pharmaceutical Industries Ltd., where he served as Executive Vice President and Chief Legal Officer, leading a 235-person legal, compliance and government affairs organization. Previously, he served as General Counsel and Chief Compliance Officer of Brickell Biotech, Inc., which he helped take public, and as General Counsel of Endocyte, Inc. through its $2.1 billion acquisition by Novartis AG leading to the successful launch of Pluvicto®. Earlier, Mr. McAvoy spent 27 years at Eli Lilly and Company in senior legal roles, including General Counsel, International and FDA Senior Counsel, supporting the development, approval and launch of medicines across six therapeutic areas, among them Prozac® and Cialis®. He holds a Juris Doctor from the Indiana University Maurer School of Law, a Master of Science from the Indiana University School of Public and Environmental Affairs and a Bachelor of Arts from the University of Notre Dame.
About the VAX-31 Adult Phase 3 OPUS Program
The VAX-31 adult Phase 3 program comprises three fully enrolled clinical trials, OPUS-1, OPUS-2 and OPUS-3, with 6,191 adults dosed in total, approximately 3,500 of whom received VAX-31. These studies, which were finalized in consultation and alignment with the FDA, are designed to generate a broad and robust safety, tolerability and immunogenicity dataset to support potential licensure for the prevention of invasive pneumococcal disease and pneumonia.
Anticipated OPUS Program milestones include:
Announce topline safety, tolerability and immunogenicity data from the OPUS-1 Phase 3 pivotal, noninferiority trial by the end of October 2026.Announce safety, tolerability and immunogenicity data from the OPUS-2 and OPUS-3 Phase 3 trials in the first half of 2027.
About Vaxcyte
Vaxcyte is a vaccine innovation company engineering high-fidelity vaccines to protect humankind from the consequences of bacterial diseases. VAX-31, a 31-valent PCV candidate being evaluated in the OPUS Phase 3 adult clinical program and in a Phase 2 infant clinical program, is being developed for the prevention of invasive pneumococcal disease (IPD) and is the broadest-spectrum PCV candidate in the clinic today. VAX-24, a 24-valent PCV candidate, has generated positive Phase 2 clinical results in both adults and infants and is designed to cover more serotypes than any PCV on-market. VAX-31 and VAX-24 are designed to improve upon standard-of-care PCVs by covering the serotypes in circulation that cause a significant portion of IPD and are associated with high case-fatality rates, antibiotic resistance and meningitis, while maintaining coverage of previously circulating strains. VAX-XL, in earlier-stage development, also leverages the Company’s carrier-sparing, site-specific conjugation technology with the aim of further expanding coverage to deliver the broadest-spectrum candidate in the Company’s PCV franchise.
VAX-A1 is a prophylactic vaccine candidate designed to provide broad, strain-independent protection against disease caused by Group A Strep and is currently being evaluated in a Phase 1 clinical study in adults. Group A Strep remains a significant global cause of morbidity and mortality across both adult and pediatric populations and is a leading driver of antibiotic use, underscoring the substantial public health burden.
Vaxcyte is re-engineering the way highly complex vaccines are made through XpressCF®, its cell-free protein synthesis platform exclusively licensed from Sutro Biopharma, Inc. Unlike conventional cell-based approaches, the Company’s system for producing difficult-to-make proteins and antigens is intended to develop and deliver high-fidelity vaccines with enhanced immunological benefits. Vaxcyte’s pipeline also includes VAX-GI, a vaccine candidate designed to prevent Shigella. For more information, visit www.vaxcyte.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements related to the potential benefits of Vaxcyte’s carrier-sparing platform and vaccine candidates, including breadth of coverage, the ability to deliver potentially best-in-class vaccines and improve upon the standard-of-care; the design, timing of initiation, progress and expected results of Vaxcyte’s clinical trials and regulatory plans, including the expected timing of the topline data readout from the OPUS-1 Phase 3 trial; the Company’s planned BLA submission for VAX-31; the anticipated contributions of the Company’s executive appointments; the future commercialization of Vaxcyte’s PCV programs; and other statements that are not historical fact. The words “anticipate,” “believe,” “could,” “expect,” “intend,” “plan,” “may,” “on track,” “potential,” “should,” “would” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) convey uncertainty of future events or outcomes and are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are based on Vaxcyte’s current expectations and actual results and timing of events could differ materially from those anticipated in such forward-looking statements as a result of risks and uncertainties, including, without limitation, risks related to Vaxcyte’s product development programs, including development timelines, success and timing of chemistry, manufacturing and controls and related manufacturing activities, potential delays or inability to obtain and maintain required regulatory approvals for its vaccine candidates, and the risks and uncertainties inherent with preclinical and clinical development processes; the success, cost and timing of all development activities and clinical trials; and sufficiency of cash and other funding to support Vaxcyte’s development programs and other operating expenses. These and other risks are described more fully in Vaxcyte’s filings with the Securities and Exchange Commission (SEC), including its Quarterly Report on Form 10-Q filed with the SEC on August 5, 2026 or in other documents Vaxcyte subsequently files with or furnishes to the SEC. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date, and readers should not rely upon the information in this press release as current or accurate after its publication date. Vaxcyte undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations. Readers should not rely upon the information in this press release as current or accurate after its publication date.
Contacts:
Patrick Ryan, Executive Director, Corporate Affairs
Vaxcyte, Inc.
415-606-5135 [email protected]
Jeff Macdonald, Executive Director, Investor Relations
Vaxcyte, Inc.
917-371-0940 [email protected]
Asana po slabém výhledu na 3. čtvrtletí v prodlouženém obchodování klesla o 12,78 %. Tržby za 2. čtvrtletí i upravený zisk na akcii přitom překonaly odhady.
Asana Inc (NYSE:ASAN) shares are falling in extended trading Thursday after the company reported second-quarter results and issued soft third-quarter guidance.
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Asana Q2 HighlightsAsana reported second-quarter revenue of $216.43 million, beating analyst estimates of $214.12 million, according to Benzinga Pro. The company reported adjusted earnings of 10 cents per share, beating estimates of nine cents per share.
“Our core business continues to strengthen, with improving retention, accelerating growth in our upmarket motion and broad-based momentum across industries and geographies,” said Dan Rogers, CEO of Asana.
Asana guided for third-quarter revenue of $217 million to $219 million versus estimates of $218.16 million, and adjusted earnings of eight cents per share versus estimates of nine cents per share.
Asana raised its full-year revenue guidance to a range of $858.5 million to $863.5 million versus estimates of $860.90 million. The company reaffirmed its full-year adjusted earnings outlook of 37 cents per share, in line with estimates.
ASAN Shares Fall After HoursASAN Price Action: Asana shares were down 12.78% in after-hours, trading at $8.80 at the time of publication Thursday, according to Benzinga Pro.
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Q1 Net Sales of $112.6 MillionQ1 Gross Margin of 28.7%Q1 EPS of $0.06/ShareMaryville, Tennessee--(Newsfile Corp. - September 3, 2026) - Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI), a U.S.-based leader in firearm manufacturing and design, today announced financial results for the first quarter of fiscal 2027, ended July 31, 2026.
Financial Highlights
Net sales were $112.6 million, an increase of $27.5 million, or 32.3%, from the comparable quarter last year.
Gross margin was 28.7% compared with 25.9% in the comparable quarter last year. During the first quarter of fiscal 2027, we received $2.9 million in tariff refunds. These refunds favorably impacted gross margin by approximately 260 basis points and represented a non-recurring benefit.
GAAP net income was $2.6 million, or $0.06 per diluted share, compared with a net loss of $3.4 million, or $0.08 per diluted share, for the comparable quarter last year.
Non-GAAP net income was $2.6 million, or $0.06 per diluted share, compared with a net loss of $3.4 million, or $0.08 per diluted share, for the comparable quarter last year. GAAP to non-GAAP adjustments for income exclude costs related to the relocation. For a detailed reconciliation, see the schedules that follow in this release.
Non-GAAP Adjusted EBITDAS was $13.8 million, or 12.2% of net sales, compared with $7.4 million, or 8.7% of net sales, for the comparable quarter last year.
Mark Smith, President and Chief Executive Officer, commented, "We are off to an excellent start to fiscal 2027. Continued solid demand for our products in both the consumer and professional channels in the first quarter were a direct result of our purposeful focus on innovation, the strength of our industry partnerships, operational execution, and the power of the iconic Smith & Wesson brand. We delivered significant year-over-year increases in all key financial metrics, including 32% growth in net sales and an increase in earnings per share to $0.06 from a loss of $0.08 last year. This continues to be a story about brand strength paired with a purposeful long-term strategy. With this momentum, we expect our second quarter to significantly outperform last year on both the top and bottom lines."
Deana McPherson, Executive Vice President and Chief Financial Officer, commented, "We continue to expect a normal seasonal environment and strong demand for our products, resulting in anticipated sales for the second quarter of roughly 10% above last year. For the full year, we continue to expect that our fiscal 2027 revenue will grow approximately 5-7% over fiscal 2026. Consistent with our capital allocation strategy, our board of directors has authorized a $0.13 per share quarterly dividend, which will be paid to stockholders of record on September 17, 2026, with payment to be made on October 1, 2026."
Conference Call and Webcast
The company will host a conference call and webcast on September 3, 2026 to discuss its first quarter fiscal 2027 financial and operational results. Speakers on the conference call will include Mark Smith, President and Chief Executive Officer, and Deana McPherson, Executive Vice President and Chief Financial Officer. The conference call may include forward-looking statements. The conference call and webcast will begin at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). Interested parties in North America are invited to participate by dialing 1-877-704-4453. Interested parties from outside North America are invited to participate by dialing 1-201-389-0920. Participants should dial in at least 10 minutes prior to the start of the call. A live and archived webcast of the event will be available on the company's website at www.smith-wesson.com under the Investor Relations section.
Reconciliation of U.S. GAAP to Non-GAAP Financial Measures
In this press release, certain non-GAAP financial measures, including "non-GAAP gross profit," "non-GAAP gross margin," "non-GAAP operating expenses," "non-GAAP operating income," "non-GAAP net income," "non-GAAP net income per share - diluted," "Adjusted EBITDAS," "Adjusted EBITDAS Margin," and "free cash flow" are presented. We use these non-GAAP financial measures to facilitate a comparison of our operating performance on a consistent basis from period to period that, when viewed in combination with our results prepared in accordance with GAAP, provides a more complete understanding of factors and trends affecting our business than does GAAP measures alone. We believe these financial measures assist our board of directors, management, investors, and other users of the financial statements in comparing our results on a consistent basis from period to period because it removes certain non-cash items and other items that we do not consider to be indicative of our core and/or ongoing operations. We believe it is useful for us and the reader to review, as applicable, both (1) GAAP measures that include (i) interest expense, net, (ii) income tax expense/(benefit), (iii) depreciation and amortization, (iv) stock-based compensation expense, (v) relocation expense, and (vi) the tax effect of non-GAAP adjustments; and (2) the non-GAAP measures that exclude such information. We present these non-GAAP measures because we consider them an important supplemental measure of our performance. Our definition of these adjusted financial measures may differ from similarly named measures used by others. We believe these measures facilitate operating performance comparisons from period to period by eliminating potential differences caused by the existence and timing of certain expense items that would not otherwise be apparent on a GAAP basis. These non-GAAP measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for our GAAP measures. The principal limitations of these measures are that they do not reflect our actual expenses and may thus have the effect of inflating our financial measures on a GAAP basis.
Change in Non-GAAP Financial Measure
Prior to fiscal 2026, our calculation of Adjusted EBITDAS included an adjustment for interest expense. Beginning with the fourth quarter of fiscal 2026 presentation for all periods presented herein, we also included an adjustment for interest income such that Adjusted EBITDAS is fully adjusted for the effect of Interest expense, net as presented on the Consolidated Statements of Income. We believe that adjusting for both interest expense and interest income assists users of the financial statements in understanding the results of our core operations and comparing those results on a consistent basis from period to period.
For the three months ended July 31, 2026, this change resulted in a decrease of $547,000 in the amount of Adjusted EBITDAS compared to the amounts that would have been reported using the previous methodology. For the three months ended July 31 2025, the change also resulted in a decrease of $632,000 in the amount of Adjusted EBITDAS compared to the amounts that were previously reported.
About Smith & Wesson Brands, Inc.
Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI) is a U.S.-based leader in firearm manufacturing and design, delivering a broad portfolio of quality handgun, long gun, and suppressor products to the global consumer and professional markets under the iconic Smith & Wesson® and Gemtech® brands. Additionally, the company provides manufacturing services such as forging and machining to third parties and offers world-class firearm training programs to Law Enforcement/Military departments and civilians at the Smith & Wesson Academy™ in Maryville, TN. For more information, call (844) 363-5386 or visit www.smith-wesson.com.
Safe Harbor Statement
Certain statements contained in this press release may be deemed to be forward-looking statements under federal securities laws, and we intend that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements include, among others, that this continues to be a story about brand strength paired with a purposeful long-term strategy; we expect our second quarter to significantly outperform last year on both the top and bottom lines; we continue to expect a normal seasonal environment and strong demand for our products, resulting in sales for the second quarter roughly 10% above last year; and for the full year, we continue to expect that our fiscal 2027 revenue will grow approximately 5-7% over fiscal 2026. We caution that these statements are qualified by important risks, uncertainties, and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include, among others, economic, social, political, legislative, and regulatory factors; the impact of tariffs; the potential for increased regulation of firearms and firearm-related products; actions of social activists that could have an adverse effect on our business; the impact of lawsuits; the demand for our products; the state of the U.S. economy in general and the firearm industry in particular; general economic conditions and consumer spending patterns; our competitive environment; the supply, availability, and costs of raw materials and components; our anticipated growth and growth opportunities; our strategies; our ability to maintain and enhance brand recognition and reputation; our ability to effectively manage and execute the relocation; our ability to introduce new products and the success of new products; the potential for cancellation of orders from our backlog; and other risks detailed from time to time in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended April 30, 2026.
SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
As of:
July 31, 2026
April 30, 2026
(In thousands, except par value and share data)
ASSETS
Current assets:
Cash and cash equivalents$18,699
$28,190
Marketable securities
6,536
5,162
Accounts receivable, net of allowances for credit losses of $5 on July 31, 2026 and April 30, 2026
29,711
40,014
Inventories
180,661
156,250
Prepaid expenses and other current assets
8,558
7,170
Income tax receivable
3,328
4,617
Total current assets
247,493
241,403
Property, plant, and equipment, net of accumulated depreciation and amortization of $403,821 on July 31, 2026 and $397,668 on April 30, 2026
242,813
238,643
Intangibles, net
1,879
1,956
Goodwill
19,024
19,024
Deferred income taxes
4,347
4,347
Other assets
7,748
7,393
Total assets$523,304
$512,766
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable$37,393
$34,570
Accrued expenses and deferred revenue
17,095
19,146
Accrued payroll and incentives
6,577
15,196
Accrued profit sharing
5,899
5,155
Accrued warranty
1,467
1,300
Total current liabilities
68,431
75,367
Notes and loans payable (Note 3)
39,185
19,121
Finance lease payable, net of current portion
31,676
32,163
Other non-current liabilities
10,310
9,556
Total liabilities
149,602
136,207
Commitments and contingencies (Note 8)
Stockholders' equity:
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares
issued or outstanding
—
—
Common stock, $0.001 par value, 100,000,000 shares authorized,
44,839,680 shares issued and outstanding on July 31,
2026 and 44,605,993 shares issued and outstanding on April 30, 2026
45
45
Additional paid-in capital
3,194
2,776
Retained earnings
370,463
373,738
Total stockholders' equity
373,702
376,559
Total liabilities and stockholders' equity$523,304
$512,766
SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
For the Three Months Ended July 31,
2026
2025
(In thousands, except per share data)
Net sales$112,587
$85,077
Cost of sales
80,317
63,003
Gross profit
32,270
22,074
Operating expenses:
Research and development
2,557
3,007
Selling, marketing, and distribution
10,158
8,752
General and administrative
15,338
13,316
Gain on sale/disposition of assets, net
—
(43)Total operating expenses
28,053
25,032
Operating income/(loss)
4,217
(2,958)Other expense, net:
Other income, net
98
62
Interest expense, net
(298)
(1,205)Total other expense, net
(200)
(1,143)Income/(loss) before income taxes
4,017
(4,101)Income tax expense/(benefit)
1,429
(690)Net income/(loss)$2,588
$(3,411)Net income/(loss) per share:
Basic - net income/(loss)$0.06
$(0.08)Diluted - net income/(loss)$0.06
$(0.08)Weighted average number of common shares outstanding:
Basic
44,778
44,262
Diluted
45,476
44,262
SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
For the Three Months Ended July 31,
2026
2025
(In thousands)
Cash flows from operating activities:
Net income/(loss)$2,588
$(3,411)Adjustments to reconcile net income/(loss) to net cash used in
operating activities:
Depreciation and amortization
7,701
8,436
Gain on sale/disposition of assets
—
(43)Stock-based compensation expense
1,813
1,892
Non-cash sublease income
(461)
(442)Other, net
(77)
(51)Changes in operating assets and liabilities:
Accounts receivable
10,303
14,559
Inventories
(24,411)
(13,257)Prepaid expenses and other current assets
(1,388)
(2,781)Income taxes
1,289
(817)Accounts payable
3,033
(6,429)Accrued payroll and incentives
(8,619)
(1,371)Accrued profit sharing
744
—
Accrued expenses and deferred revenue
(1,988)
(4,092)Accrued warranty
167
(127)Other assets
(294)
23
Other non-current liabilities
754
(199)Net cash used in operating activities
(8,846)
(8,110)Cash flows from investing activities:
Purchases of marketable securities
(1,456)
(3,168)Proceeds from sale of marketable securities
159
—
Payments to acquire patents and software
(11)
(54)Proceeds from sale of property and equipment
—
49
Payments to acquire property and equipment
(11,929)
(4,291)Net cash used in investing activities
(13,237)
(7,464)Cash flows from financing activities:
Proceeds from loans and notes payable
20,000
20,000
Payments on loans and notes payable
—
(5,000)Payments on finance lease obligation
(52)
(46)Dividend distribution
(5,961)
(5,855)Payment of employee withholding tax related to restricted stock units
(1,395)
(792)Net cash provided by financing activities
12,592
8,307
Net decrease in cash and cash equivalents
(9,491)
(7,267)Cash and cash equivalents, beginning of period
28,190
25,231
Cash and cash equivalents, end of period$18,699
$17,964
Supplemental disclosure of cash flow information
Cash paid for:
Interest, net of amounts capitalized$330
$1,288
SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES
(Dollars in thousands, except per share data)
(Unaudited)
For the Three Months Ended
July 31, 2026
July 31, 2025
$
% of Sales
$
% of Sales
GAAP gross profit$32,270
28.7%
$22,074
25.9%
Relocation expenses
—
85
Non-GAAP gross profit$32,270
28.7%
$22,159
26.0%
GAAP operating expenses$28,053
24.9%
$25,032
29.4%
Relocation expenses
—
53
Non-GAAP operating expenses$28,053
24.9%
$25,085
29.5%
GAAP operating income$4,217
3.7%
$(2,958)
-3.5%
Relocation expenses
-
32
Non-GAAP operating income$4,217
3.7%
$(2,926)
-3.4%
GAAP net income$2,588
2.3%
$(3,411)
-4.0%
Relocation expenses
—
32
Tax effect of non-GAAP adjustments
—
(11)
Non-GAAP net income$2,588
2.3%
$(3,390)
-4.0%
GAAP net income per share - diluted$0.06
$(0.08)
Relocation expenses
—
—
Tax effect of non-GAAP adjustments
—
—
Non-GAAP net income per share - diluted$0.06
$(0.08)
SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP NET INCOME/(LOSS) TO NON-GAAP ADJUSTED EBITDAS
(in thousands)
(Unaudited)
For the Three Months Ended
July 31, 2026
July 31, 2025
GAAP net income/(loss)$2,588
$(3,411)Interest expense, net
298
1,205
Income tax expense/(benefit)
1,429
(690)Depreciation and amortization
7,637
8,385
Stock-based compensation expense
1,813
1,892
Relocation expense
—
32
Non-GAAP Adjusted EBITDAS$13,765
$7,413
Non-GAAP Adjusted EBITDAS Margin
12.2%
8.7%
SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
RECONCILIATION OF NET CASH USED IN OPERATING ACTIVITIES TO FREE CASH FLOW
(in thousands)
(Unaudited)
For the Three Months Ended
July 31, 2026
July 31, 2025
Net cash used in operating activities$(8,846) $(8,110)Payments to acquire property and equipment
(11,929)
(4,291)Free cash flow$(20,775) $(12,401)
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312694
Source: Smith & Wesson Brands, Inc
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Oxford Industries snížila výhled na fiskální rok 2026 po slabších výsledcích značky Lilly Pulitzer a tlaku na spotřebitelské prostředí. Ve 2. čtvrtletí tržby klesly na 394 mil. USD, ale upravený zisk na akcii (EPS) vzrostl na 1,34 USD.
ATLANTA, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Oxford Industries, Inc. (NYSE:OXM) today announced financial results for its second quarter of fiscal 2026 ended August 1, 2026.
Consolidated net sales in the second quarter of fiscal 2026 were $394 million compared to $403 million in the second quarter of fiscal 2025. EPS on a GAAP basis was $3.25 compared to $1.12 in the second quarter of fiscal 2025, with the current year period reflecting a $2.07 tariff related refund impact recognized during the quarter. On an adjusted basis, EPS was $1.34 compared to $1.26 in the second quarter of fiscal 2025.
Tom Chubb, Chairman and CEO, commented, “Our second quarter results were in-line with our expectations, highlighted by year-over-year adjusted earnings per share growth and a low-single-digit comparable sales gain at Tommy Bahama. This performance contributed to strong cash flow generation in the first half of the year, which along with tariff refunds received to-date, we used to significantly reduce debt.”
Mr. Chubb concluded, “Tommy Bahama’s positive momentum is being offset by softness in other parts of our portfolio, particularly Lilly Pulitzer which we believe is primarily attributable to addressable product and marketing challenges in a fashion merchandising business. The combination of these internal headwinds and ongoing macro-economic consumer pressure has led us to lower our guidance for fiscal 2026. We have initiated actions to position the business for profitable growth next year, including increasing our promotional activity at Lilly Pulitzer in the coming months to spur demand and prevent the build up of slow moving inventory. We’ve also implemented a broader review across the enterprise to identify opportunities aimed at enhancing our long-term earnings power that is less dependent on historical top-line growth rates.”
Second Quarter of Fiscal 2026 versus Fiscal 2025
Net Sales by Operating GroupSecond Quarter($ in millions)20262025% ChangeTommy Bahama$230.9$229.00.8%Lilly Pulitzer85.290.3(5.6%)Johnny Was41.445.4(8.8%)Emerging Brands37.138.5(3.7%)Other(0.3)(0.1)NMTotal Company$394.4$403.1(2.2%) Consolidated net sales were $394 million compared to $403 million in the second quarter of fiscal 2025. Full-price direct-to-consumer (DTC) sales decreased 1% to $289 million versus the second quarter of fiscal 2025. Full-price retail sales of $139 million were 2% lower than the prior-year period.E-commerce sales of $150 million were comparable to the prior-year period. Food and beverage sales of $32 million were 11% higher than the prior-year period driven primarily by new locations opened in fiscal 2025. Comparable store sales were flat.Outlet sales of $20 million were comparable to the prior-year period.Wholesale sales of $52 million were 14% lower than the second quarter of fiscal 2025 driven primarily by lower off-price sales. Gross margin was 73.8%, compared to 61.4% in the second quarter of fiscal 2025. The increased gross margin was primarily due to (1) the favorable impact of recognizing $42 million of tariff refund claims as a reduction of cost of goods sold, (2) updated assortment, sourcing and pricing strategies resulting in higher initial mark-ups, (3) a change in sales mix with off-price wholesale sales representing a lower proportion of net sales and (4) a $1 million lower LIFO accounting charge in the second quarter of fiscal 2026 compared to the second quarter of fiscal 2025. These factors were partially offset by a change in sales mix with a higher proportion of net sales occurring during promotional events at Tommy Bahama, Lilly Pulitzer and Emerging Brands. On an adjusted basis, which excludes the impact of tariff refunds and LIFO accounting, gross margin was 63.1% compared to 61.7% in the second quarter of fiscal 2025.SG&A was $212 million compared to $209 million, impacted primarily by costs related to new brick and mortar retail locations and food and beverage locations, increases in software and consulting costs and costs associated with the transition of our Lyons, Georgia distribution center operations. On an adjusted basis, SG&A was $210 million compared to $209 million in the prior-year period.Royalties and other operating income increased to $7 million from $3 million in the second quarter of fiscal 2025 primarily reflecting the normalization of sales by our licensing partners that were impacted by the implementation of tariffs in Fiscal 2025 and $1 million of interest received related to tariff refunds.Operating income on a GAAP basis was $69 million, or 17.4% of net sales, compared to $25 million, or 6.3% of net sales, in the second quarter of fiscal 2025. On an adjusted basis, operating income was $29 million, or 7.4% of net sales, compared to $28 million, or 7.0% of net sales, in the second quarter of fiscal 2025.Interest expense of $1 million in the second quarter of fiscal 2026 was comparable to the second quarter of fiscal 2025.For both the second quarter of fiscal 2026 and second quarter of fiscal 2025, our effective tax rate of 27.3% and 30.1%, respectively, primarily reflects the unfavorable net discrete tax expense for shortfalls in stock-based compensation vesting during each respective quarter. Balance Sheet and Liquidity
Inventory as of the end of the second quarter of fiscal 2026 decreased $20 million, or 12%, on a LIFO basis compared to the end of the second quarter of fiscal 2025 primarily as a result of an increase in the LIFO reserve and decreases in Emerging Brands, Lilly Pulitzer and Johnny Was. On a FIFO basis, inventory decreased $9 million, or 4%, compared to the end of the second quarter of fiscal 2025.
During the first half of fiscal 2026, cash provided by operations was $97 million compared to $80 million in the first half of fiscal 2025.
Borrowings outstanding decreased to $73 million at the end of the second quarter of fiscal 2026 compared to $143 million at the end of the first quarter of fiscal 2026, $81 million at the end of the second quarter of fiscal 2025 and $116 million at the end of fiscal 2025. During the first half of fiscal 2026, cash flow from operations exceeded capital expenditures of $32 million, primarily associated with the opening of new brick and mortar locations and the distribution center in Lyons, Georgia and dividend payments of $22 million.
Dividend
The Board of Directors declared a quarterly cash dividend of $0.70 per share. The dividend is payable on October 30, 2026, to shareholders of record as of the close of business on October 16, 2026. The Company has paid dividends every quarter since it became publicly owned in 1960.
Outlook
For fiscal 2026 ending January 30, 2027, the Company has revised its sales and EPS guidance. The Company now expects net sales in a range of $1.430 billion to $1.470 billion as compared to net sales of $1.478 billion in fiscal 2025. In fiscal 2026, the Company now expects GAAP earnings per share to be between $3.07 and $3.47, which includes $2.07 of tariff refund receivables and related interest, compared to fiscal 2025 GAAP net loss per share of $1.86, which included noncash impairment charges primarily associated with Johnny Was totaling $61 million, or $3.05 per share. Adjusted EPS is now expected to be between $1.60 and $2.00, compared to fiscal 2025 adjusted EPS of $2.11.
For the third quarter of fiscal 2026, the Company expects net sales to be between $280 million and $300 million compared to net sales of $307 million in the third quarter of fiscal 2025. GAAP loss per share is expected to be between $1.47 and $1.27 in the third quarter of fiscal 2026 compared to a net loss per share of $4.28 in the third quarter of fiscal 2025, which included noncash impairment charges primarily associated with Johnny Was totaling $61 million, or $3.05 per share. Adjusted loss per share is expected to be in a range of $1.40 to $1.20 compared to a net loss per share of $0.92 in the third quarter of fiscal 2025.
The Company anticipates interest expense of $6 million in fiscal 2026, including $1 million in the third quarter of fiscal 2026. The Company’s effective tax rate is expected to be between 27% and 28% for the full year of fiscal 2026 and approximately 24% for the third quarter.
Capital expenditures in fiscal 2026, including the $32 million in the first half of fiscal 2026, are expected to be approximately $60 million compared to $108 million in fiscal 2025. The planned year-over-year decrease relates to fewer new store openings expected in fiscal 2026 and the completion of the new distribution center in Lyons, Georgia.
Conference Call
The Company will hold a conference call with senior management to discuss its financial results at 4:30 p.m. ET today. A live web cast of the conference call will be available on the Company’s website at www.oxfordinc.com. A replay of the call will be available through September 17, 2026, by dialing (412) 317-6671 access code 13762170.
About Oxford
Oxford Industries, Inc., a leader in the apparel industry, owns and markets the distinctive Tommy Bahama®, Lilly Pulitzer®, Johnny Was®, Southern Tide®, The Beaufort Bonnet Company®, Duck Head® and Jack Rogers® lifestyle brands. Oxford's stock has traded on the New York Stock Exchange since 1964 under the symbol OXM. For more information, please visit Oxford's website at www.oxfordinc.com.
Basis of Presentation
All per share information is presented on a diluted basis.
Non-GAAP Financial Information
The Company reports its consolidated financial statements in accordance with generally accepted accounting principles (GAAP). To supplement these consolidated financial results, management believes that a presentation and discussion of certain financial measures on an adjusted basis, which exclude certain non-operating or discrete gains, charges or other items, may provide a more meaningful basis on which investors may compare the Company’s ongoing results of operations between periods. These measures include EBITDA, adjusted EBITDA (when applicable), adjusted segment EBITDA, adjusted net earnings (loss), adjusted net earnings (loss) per share, adjusted gross profit, adjusted gross margin, adjusted SG&A, and adjusted operating income, among others.
Management uses these non-GAAP financial measures in making financial, operational, and planning decisions to evaluate the Company’s ongoing performance. Management also uses these adjusted financial measures to discuss its business with investment and other financial institutions, its board of directors and others. Reconciliations of these adjusted measures to the most directly comparable financial measures calculated in accordance with GAAP are presented in tables included at the end of this release.
Safe Harbor
This press release includes statements that constitute forward-looking statements within the meaning of the federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will" and similar expressions identify forward-looking statements, which generally are not historical in nature. We intend for all forward-looking statements contained herein, in our press releases or on our website, and all subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf, to be covered by the safe harbor provisions for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Such statements are subject to a number of risks, uncertainties and assumptions including, without limitation:
changes in the trade policies of the United States and those of other nations, including risks of potential future changes or worsening trade tensions between the United States and other countries and the impact of uncertainties surrounding U.S. trade policy on consumer sentiment, inflation and financial markets;our ability to mitigate current and potential future tariffs imposed and receive remaining tariff refunds;demand for our products, which may be impacted by macroeconomic factors that may impact consumer discretionary spending and pricing levels for apparel and related products, many of which may be impacted by inflationary pressures, tariffs, interest rates, the stability of the banking industry or general economic uncertainty, and the effectiveness of measures to mitigate the impact of these factors;risks relating to our product sourcing efforts, including our ability to identify alternative countries to source and produce our products and to successfully implement changes in our supply chain;our ability to accurately forecast consumer demand and effectively manage inventory levels, including the risk of increased promotional activity and margin pressure or, conversely, lost sales as a result of inaccurate forecasts;possible changes in governmental monetary and fiscal policies, including, but not limited to, Federal Reserve policies in connection with continued inflationary pressures or other factors;competitive conditions and/or evolving consumer shopping patterns, particularly in a highly promotional retail environment, including those related to shifts in technology;global supply chain constraints that have affected, and could continue to affect, transit, and other costs, including those related to disruptions of land or sea transportation routes or distribution or shipping channels;the impact of inflationary pressures on labor costs, including wages, healthcare and other benefit-related costs;costs of products as well as the raw materials used in those products, as well as our ability to pass along price increases to consumers;energy costs, including rising fuel prices and their impact on the costs of raw materials and our distribution and logistics operations;our ability to respond to rapidly changing consumer expectations;unseasonal or extreme weather conditions or natural disasters;financial difficulties for our business partners, including suppliers, vendors, wholesale customers, licensees, logistics providers and landlords, that may impact their ability to meet their obligations to us and/or continue our business relationship to the same degree as they have historically;hiring of, retention of and disciplined execution by key management and other critical personnel, as well as the effective transition of executive level responsibilities;the execution of key strategic initiatives to drive operating performance across our enterprise;cybersecurity breaches and ransomware attacks, as well as our and our third party vendors’ ability to properly collect, use, manage and secure business, consumer and employee data and maintain continuity of our information technology systems;inability or failure to successfully and effectively implement new information technology systems and supporting controls, including artificial intelligence-enabled tools, and risks associated with third-party service providers and interconnected systems;the effectiveness of our advertising initiatives in defining, launching and communicating brand-relevant customer experiences;the level of our indebtedness, including the risks associated with heightened interest rates on the debt and the potential impact on our ability to operate and expand our business;the timing of shipments requested by our wholesale customers;fluctuations and volatility in global financial and/or real estate markets;our ability to identify and secure suitable locations for new retail store and food and beverage openings, as well as to successfully negotiate acceptable terms for the early exit or restructuring of leases for underperforming locations;the timing and cost of retail store and food and beverage location openings and remodels, technology implementations and other capital expenditures, including those related to enhancing artificial intelligence capabilities;the timing, cost and successful implementation of changes to our distribution network, including the possibility that we may not realize the anticipated benefits of our new state-of-the-art distribution center in Lyons, Georgia;the effectiveness of recent, focused efforts to reassess and realign our operating costs in light of revenue trends, including potential disruptions to our operations as a result of these efforts;expected outcomes of pending or potential litigation and regulatory actions;consumer, employee and regulatory focus on sustainability issues and practices, including failures by our suppliers to adhere to our vendor code of conduct;the regulation or prohibition of goods sourced, or containing raw materials or components, from certain regions and our ability to evidence compliance;access to capital and/or credit markets;factors that could affect our consolidated effective tax rate;the risk of impairment to goodwill and other intangible assets such as the impairment charges incurred in our Johnny Was and Jack Rogers reporting units during the third quarter of fiscal 2025; andgeopolitical risks, including the U.S.-Iran conflict as well as other hostilities in the Middle East, ongoing challenges between the United States and China and those related to the ongoing war in Ukraine. Forward-looking statements reflect our expectations at the time such forward-looking statements are made, based on information available at such time, and are not guarantees of performance.
Although we believe that the expectations reflected in such forward-looking statements are reasonable, these expectations could prove inaccurate as such statements involve risks and uncertainties, many of which are beyond our ability to control or predict. Should one or more of these risks or uncertainties, or other risks or uncertainties not currently known to us or that we currently deem to be immaterial, materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Important factors relating to these risks and uncertainties include, but are not limited to, those described in Part I. Item 1A. Risk Factors contained in our Fiscal 2025 Form 10-K, and those described from time to time in our future reports filed with the SEC. We caution that one should not place undue reliance on forward-looking statements, which speak only as of the date on which they are made. We disclaim any intention, obligation or duty to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Contact:Brian SmithE-mail:[email protected] Oxford Industries, Inc.Consolidated Balance Sheets(in thousands, except par amounts)(unaudited) August 1,August 2, 2026 2025 ASSETS Current Assets Cash and cash equivalents$9,020 $6,877 Receivables, net 61,906 67,762 Tariff receivable 12,811 — Inventories, net 147,141 166,670 Prepaid expenses and other current assets 50,728 52,740 Total Current Assets$281,606 $294,049 Property and equipment, net 334,980 297,593 Intangible assets, net 185,798 253,340 Goodwill 25,592 27,407 Operating lease assets 389,883 377,190 Other assets, net 66,689 65,619 Deferred income taxes 14,707 9,198 Total Assets$1,299,255 $1,324,396 LIABILITIES AND SHAREHOLDERS’ EQUITY Current Liabilities Accounts payable$83,752 $95,625 Accrued compensation 27,361 29,340 Current portion of operating lease liabilities 59,701 63,521 Accrued expenses and other liabilities 68,918 59,752 Total Current Liabilities$239,732 $248,238 Long-term debt 73,245 81,375 Non-current portion of operating lease liabilities 391,140 368,482 Other non-current liabilities 30,662 29,188 Shareholders’ Equity Common stock, $1.00 par value per share 14,978 14,867 Additional paid-in capital 213,305 197,643 Retained earnings 338,329 387,620 Accumulated other comprehensive loss (2,136) (3,017)Total Shareholders’ Equity$564,476 $597,113 Total Liabilities and Shareholders’ Equity$1,299,255 $1,324,396 Oxford Industries, Inc.Consolidated Statements of Operations(in thousands, except per share amounts)(unaudited) Second Quarter First Half Fiscal 2026Fiscal 2025 Fiscal 2026Fiscal 2025Net sales$394,376$403,143 $785,778$796,004Cost of goods sold 103,247 155,518 250,766 296,093Gross profit$291,129$247,625 $535,012$499,911Operating expenses SG&A 212,270 208,996 423,158 414,740Depreciation and amortization 17,198 16,585 33,578 33,549Total operating expenses$229,468$225,581 $456,736$448,289Royalties and other operating income 7,155 3,367 12,903 9,995Operating income$68,816$25,411 $91,179$61,617Interest expense, net 1,489 1,548 3,771 3,274Earnings before income taxes$67,327$23,863 $87,408$58,343Income tax expense 18,360 7,171 23,453 15,470Net earnings$48,967$16,692 $63,955$42,873 Net earnings per share: Basic$3.28$1.12 $4.29$2.85Diluted$3.25$1.12 $4.25$2.83Weighted average shares outstanding: Basic 14,939 14,875 14,916 15,049Diluted 15,078 14,944 15,042 15,175Dividends declared per share$0.70$0.69 $1.40$1.38 Oxford Industries, Inc.Consolidated Statements of Cash Flows(in thousands)(unaudited) First Half Fiscal 2026Fiscal 2025Cash Flows From Operating Activities: Net earnings$63,955 $42,873 Adjustments to reconcile net earnings to cash flows from operating activities: Depreciation 29,965 28,687 Amortization of intangible assets 3,613 4,862 Impairment of property and equipment 2,126 — Equity compensation expense 7,797 8,259 Amortization of deferred financing costs 193 193 Deferred income taxes 19,395 11,220 Changes in operating assets and liabilities, net of acquisitions and dispositions: Receivables, net (5,245) 4,621 Inventories, net 17,970 990 Income tax receivable 3,455 4,923 Prepaid expenses and other current assets (4,665) (14,055)Current liabilities (35,532) 1,610 Other balance sheet changes (5,727) (14,634)Cash provided by operating activities$97,300 $79,549 Cash Flows From Investing Activities: Acquisitions, net of cash acquired — (28)Purchases of property and equipment (31,536) (54,604)Other investing activities 66 (13)Cash used in investing activities$(31,470)$(54,645)Cash Flows From Financing Activities: Repayment of revolving credit arrangements (271,705) (232,208)Proceeds from revolving credit arrangements 228,507 282,479 Repurchase of common stock — (55,202)Proceeds from issuance of common stock 830 977 Repurchase of equity awards for employee tax withholding liabilities (920) (2,251)Cash dividends paid (21,545) (21,258)Other financing activities — (260)Cash used in financing activities$(64,833)$(27,723)Net change in cash and cash equivalents 997 (2,819)Effect of foreign currency translation on cash and cash equivalents (106) 226 Cash and cash equivalents at the beginning of year 8,129 9,470 Cash and cash equivalents at the end of period$9,020 $6,877 Oxford Industries, Inc.Reconciliations of Certain Non-GAAP Financial Information(in millions, except per share amounts)(unaudited) Second QuarterFirst HalfAS REPORTEDFiscal 2026Fiscal 2025% ChangeFiscal 2026Fiscal 2025% ChangeTommy Bahama Net sales$230.9 $229.0 0.8%$455.6 $445.2 2.3%Gross profit$162.4 $139.0 16.9%$309.9 $278.7 11.2%Gross margin 70.3% 60.7% 68.0% 62.6% Segment EBITDA$51.3 $34.3 49.4%$91.4 $72.6 25.8%Segment EBITDA margin 22.2% 15.0% 20.1% 16.3% Lilly Pulitzer Net sales$85.2 $90.3 (5.6)%$175.6 $189.3 (7.3)%Gross profit$66.5 $59.0 12.7%$121.8 $123.9 (1.7)%Gross margin 78.0% 65.4% 69.4% 65.5% Segment EBITDA$25.0 $17.8 40.4%$40.0 $40.8 (2.1)%Segment EBITDA margin 29.3% 19.7% 22.8% 21.6% Johnny Was Net sales$41.4 $45.4 (8.8)%$79.3 $88.9 (10.8)%Gross profit$36.1 $28.1 28.3%$61.0 $56.3 8.4%Gross margin 87.2% 62.0% 76.9% 63.3% Segment EBITDA$9.4 $(1.3)830.8%$8.1 $(1.3)722.2%Segment EBITDA margin 22.6% (2.8)% 10.3% (1.5)% Emerging Brands Net sales$37.1 $38.5 (3.7)%$75.7 $72.8 4.0%Gross profit$25.9 $22.8 13.7%$46.6 $43.1 8.2%Gross margin 69.9% 59.1% 61.6% 59.2% Segment EBITDA$6.6 $4.0 64.5%$9.6 $6.9 39.5%Segment EBITDA margin 17.8% 10.4% 12.6% 9.4% Corporate and Other Net sales$(0.3)$(0.1)NM$(0.3)$(0.2)NMGross profit (loss)$0.2 $(1.2)NM$(4.3)$(2.0)NMCorporate EBITDA$(6.2)$(12.8)NM$(24.3)$(23.9)NMConsolidated Net sales$394.4 $403.1 (2.2)%$785.8 $796.0 (1.3)%Gross profit$291.1 $247.6 17.6%$535.0 $499.9 7.0%Gross margin 73.8% 61.4% 68.1% 62.8% SG&A$212.3 $209.0 1.6%$423.2 $414.7 2.0%SG&A as % of net sales 53.8% 51.8% 53.9% 52.1% Depreciation and amortization$17.2 $16.6 3.7%$33.6 $33.5 0.1%Depreciation and amortization as % of net sales 4.4% 4.1% 4.3% 4.2% Operating income$68.8 $25.4 170.8%$91.2 $61.6 48.0%Operating margin 17.4% 6.3% 11.6% 7.7% Earnings before income taxes$67.3 $23.9 182.1%$87.4 $58.3 49.8%Net earnings$49.0 $16.7 193.4%$64.0 $42.9 49.2%Net earnings per diluted share$3.25 $1.12 190.7%$4.25 $2.83 50.5%Weighted average shares outstanding - diluted 15.1 14.9 0.9% 15.0 15.2 (0.9)% The following table presents a reconciliation from segment EBITDA to net earnings (in millions):
Second QuarterFirst Half Fiscal 2026Fiscal 2025% ChangeFiscal 2026Fiscal 2025% ChangeSegment EBITDA Tommy Bahama$51.3 $34.3 49.4%$91.4 $72.6 25.8%Lilly Pulitzer$25.0 $17.8 40.4%$40.0 $40.8 (2.1)%Johnny Was$9.4 $(1.3)830.8%$8.1 $(1.3)722.2%Emerging Brands$6.6 $4.0 64.5%$9.6 $6.9 39.5%Corporate and Other$(6.2)$(12.8)NM$(24.3)$(23.9)NM%EBITDA(1)$86.0 $42.0 104.8%$124.8 $95.2 31.1%Depreciation and amortization$17.2 $16.6 3.7%$33.6 $33.5 0.1%Consolidated operating income(1)$68.8 $25.4 170.8%$91.2 $61.6 48.0%Interest expense, net$1.5 $1.5 (3.8)%$3.8 $3.3 15.2%Earnings before income taxes(1)$67.3 $23.9 182.1%$87.4 $58.3 49.8%Income taxes$18.4 $7.2 156.0%$23.5 $15.5 51.6%Net earnings(1)$49.0 $16.7 193.4%$64.0 $42.9 49.2% The table below summarizes adjustments made to the as reported figures shown above (in millions):
Second QuarterFirst HalfADJUSTMENTSFiscal 2026Fiscal 2025Fiscal 2026Fiscal 2025LIFO adjustments(2)$(0.4)$0.9 $3.9 $1.4 Amortization of Johnny Was intangible assets(3)$1.4 $1.9 $2.7 $3.9 Lyons Distribution Center movement costs(4)$0.3 $0.0 $0.8 $0.0 Merchandising strategic initiatives(5)$1.0 $0.0 $1.8 $0.0 Store closure impairment charges(6)$1.0 $0.0 $1.8 $0.0 Tariff refunds(7)$(41.7)$0.0 $(41.7)$0.0 Tariff refunds interest(8)$(1.0)$0.0 $(1.0)$0.0 Impact of income taxes(9)$10.7 $(0.7)$8.7 $(1.3)Adjustment to net earnings(1)$(28.8)$2.1 $(22.9)$3.9 The table below clarifies where the items that have been adjusted above to improve comparability of the financial information from period to period are presented in the consolidated statements of operations (in millions):
Second QuarterFirst Half Fiscal 2026Fiscal 2025Fiscal 2026Fiscal 2025Cost of goods sold (as reported)$103.2 $155.5$250.8 $296.1LIFO adjustments(2)$(0.4)$0.9$3.9 $1.4Tariff refunds(7)$(41.7)$—$(41.7)$— SG&A (as reported)$212.3 $209.0$423.2 $414.7Lyons Distribution Center movement costs(4)$0.3 $—$0.8 $—Merchandising strategic initiatives(5)$1.0 $—$1.8 $—Store closure impairment charges(6)$1.0 $—$1.8 $— Depreciation and amortization (as reported)$17.2 $16.6$33.6 $33.5Amortization of Johnny Was intangible assets(3)$1.4 $1.9$2.7 $3.9 Royalties and other income (as reported)$7.2 $3.4$12.9 $10.0Tariff refunds interest(8)$(1.0)$—$(1.0)$— Consolidated operating income (as reported)$68.8 $25.4$91.2 $61.6 Second QuarterFirst HalfAS ADJUSTEDFiscal 2026Fiscal 2025% ChangeFiscal 2026Fiscal 2025% ChangeTommy Bahama Net sales$230.9 $229.0 0.8%$455.6 $445.2 2.3%Gross profit(7)$146.8 $139.0 5.6%$294.3 $278.7 5.6%Gross margin(7) 63.6% 60.7% 64.6% 62.6% Segment EBITDA(5)(7)$36.5 $34.3 6.4%$77.0 $72.6 6.0%Segment EBITDA margin(5)(7) 15.8% 15.0% 16.9% 16.3% Lilly Pulitzer Net sales$85.2 $90.3 (5.6)%$175.6 $189.3 (7.3)%Gross profit(7)$54.9 $59.0 (6.9)%$110.2 $123.9 (11.1)%Gross margin(7) 64.5% 65.4% 62.8% 65.5% Segment EBITDA(7)$13.4 $17.8 (24.6)%$28.4 $40.8 (30.4)%Segment EBITDA margin(7) 15.7% 19.7% 16.2% 21.6% Johnny Was Net sales$41.4 $45.4 (8.8)%$79.3 $88.9 (10.8)%Gross profit(7)$28.1 $28.1 (0.3)%$52.9 $56.3 (5.9)%Gross margin(7) 67.7% 62.0% 66.8% 63.3% Segment EBITDA(3)(6)(7)$1.4 $(1.3)209.6%$0.5 $(1.3)137.7%Segment EBITDA margin(3)(6)(7) 3.4% (2.8)% 0.6% (1.5)% Emerging Brands Net sales$37.1 $38.5 (3.7)%$75.7 $72.8 4.0%Gross profit(7)$19.4 $22.8 (14.8)%$40.1 $43.1 Gross margin(7) 52.4% 59.1% 53.0% 59.2%(6.9)%
Segment EBITDA(6)(7)$1.0 $4.0 (74.5)%$4.5 $6.9 (34.1)%Segment EBITDA margin(6)(7) 2.8% 10.4% 6.0% 9.4% Corporate and Other Net sales$(0.3)$(0.1)NM$(0.3)$(0.2)NM
Gross profit (loss)(2)$(0.2)$(0.3)NM$(0.4)$(0.6)NM
Corporate EBITDA(2)(4)(8)$(7.3)$(11.9)NM$(20.0)$(22.5)NM
Consolidated Net sales$394.4 $403.1 (2.2)%$785.8 $796.0 (1.3)%Gross profit$249.0 $248.6 0.2%$497.2 $501.3 (0.8)%Gross margin 63.1% 61.7% 63.3% 63.0% SG&A$210.0 $209.0 0.5%$418.7 $414.7 0.9%SG&A as % of net sales 53.2% 51.8% 53.3% 52.1% Depreciation and amortization$15.8 $14.7 8.1%$30.9 $29.7 3.9%Depreciation and amortization as % of net sales 4.0% 3.6% 3.9% 3.7% Operating income$29.3 $28.3 3.6%$59.6 $66.9 (10.9)%Operating margin 7.4% 7.0% 7.6% 8.4% Earnings before income taxes$27.8 $26.7 4.0%$55.8 $63.6 (12.3)%Net earnings$20.2 $18.8 7.1%$41.0 $46.8 (12.3)%Net earnings per diluted share$1.34 $1.26 6.1%$2.73 $3.08 (11.5)% Second Quarter Second Quarter Second Quarter First Half First Half Fiscal 2026 Fiscal 2026 Fiscal 2025 Fiscal 2026 Fiscal 2025 Actual Guidance(10) Actual Actual ActualNet earnings per diluted share: GAAP basis$3.25$1.13 - 1.23$1.12$4.25$2.83LIFO adjustments(2)(11) (0.02) 0.00 0.05 0.19 0.07Amortization of Johnny Was intangible assets(3)(11) 0.07 0.07 0.10 0.13 0.19Lyons distribution center movement costs(4)(11) 0.01 0.00 0.00 0.04 0.00Merchandising strategic initiatives(5)(11) 0.05 0.00 0.00 0.09 0.00Store closure impairment charges(6)(11) 0.05 0.00 0.00 0.09 0.00Tariff received(7)(11) (2.02) 0.00 0.00 (2.02) 0.00Tariff received interest(8)(11) (0.05) 0.00 0.00 (0.05) 0.00As adjusted(1)$1.34$1.20 -1.40$1.26$2.73$3.08 Third Quarter Third Quarter Fiscal 2026 Fiscal 2025 Guidance(12) Actual Net earnings per diluted share: GAAP basis$(1.47) - (1.27)$(4.28) LIFO adjustments(13) 0.00 0.11 Amortization of Johnny Was intangible assets(3)(11) 0.07 0.10 Johnny Was impairment charges(14)(11) 0.00 2.86 Johnny Was organizational realignment initiatives(15)(11) 0.00 0.10 Emerging Brands impairment charges(16)(11) 0.00 0.20 As adjusted(1)$(1.40) - (1.20)$(0.92) Fiscal 2026 Fiscal 2025 Guidance(12) Actual Net earnings (loss) per diluted share: GAAP basis$3.07 - 3.47$(1.86) LIFO adjustments(13) 0.22 0.42 Amortization of Johnny Was intangible assets(3)(11) 0.27 0.38 Lyons distribution center movement costs(4)(11) 0.01 0.00 Merchandising strategic initiatives(5)(11) 0.05 0.00 Store closure impairment charges(6)(11) 0.05 0.00 Johnny Was impairment charges(14)(11) 0.00 2.82 Johnny Was organizational realignment initiatives(15)(11) 0.00 0.15 Emerging Brands impairment charges(16)(11) 0.00 0.20 Tariff refunds(7)(11) (2.02) 0.00 Tariff refunds interest(8)(11) (0.05) 0.00 As adjusted(1)$1.60 - 2.00$2.11 (1) Amounts in columns may not add due to rounding.(2) LIFO adjustments represents the impact of LIFO accounting adjustments. These adjustments are included in cost of goods sold in Corporate and Other.(3) Amortization of Johnny Was intangible assets represents the amortization related to intangible assets acquired as part of the Johnny Was acquisition. These charges are included in depreciation and amortization in Johnny Was.(4) Lyons distribution center relocation costs relate to one-time, non-recurring costs to move inventory between distribution facilities in Lyons, Georgia. These charges are included in SG&A in Corporate and Other.(5) Merchandising strategic initiatives relate to one-time, non-recurring costs, incurred to assess and strategically align our merchandising operations across the Company. These charges are included in SG&A in Tommy Bahama and Corporate and Other.(6) Store closure impairment charges relate to charges incurred to close retail stores. These charges are included in SG&A in Johnny Was and Emerging Brands.(7) Represents refunds received from the U.S. government for tariffs paid in previous periods. These adjustments are included in cost of goods sold in each reportable segment.(8) Represents interest received from the U.S. government related to tariffs paid in previous periods. These adjustments are included in royalties and other operating income in Corporate and Other.(9) Impact of income taxes represents the estimated tax impact of the above adjustments based on the estimated applicable tax rate on current year earnings.(10) Guidance as issued on June 10, 2026.(11) Adjustments shown net of income taxes.(12) Guidance as issued on September 3, 2026.(13) No estimate for LIFO accounting adjustments is reflected in the guidance for any future periods.(14) Johnny Was impairment charges represent the impairment of the Johnny Was intangible asset balances. These charges were included in impairment of goodwill and intangible assets in Johnny Was.(15) Johnny Was organizational realignment initiatives include severance costs, consulting fees and store closure related costs. These charges are included in SG&A and depreciation and amortization in Johnny Was.(16) Emerging Brands impairment charges represent the impairment of the Jack Rogers goodwill and intangible asset balances. These charges were included in impairment of goodwill and intangible assets in Emerging Brands. Direct to Consumer Location Count End of Q1End of Q2End of Q3End of Q4Fiscal 2025 Tommy Bahama Full-price retail store103103104102Retail-food and beverage26262828Outlet36383837Total Tommy Bahama165167170167Lilly Pulitzer full-price retail store65666667Johnny Was Full-price retail store77757575Outlet3333Total Johnny Was80787878Emerging Brands Southern Tide full-price retail store35363534TBBC full-price retail store8999Total Oxford353356358355 Fiscal 2026 Tommy Bahama Full-price retail store102104 Retail-food and beverage2829 Outlet3838 Total Tommy Bahama168171 Lilly Pulitzer full-price retail store6970 Johnny Was Full-price retail store7070 Outlet33 Total Johnny Was7373 Emerging Brands Southern Tide full-price retail store3331 TBBC full-price retail store88 Total Oxford351353
Rogers a Quebecor uzavřely novou 12letou sublicenční dohodu o francouzských národních vysílacích právech NHL v Kanadě od sezony 2026/27. TVA Sports získá až 350 zápasů základní části, včetně 32 zápasů Canadiens, a všechny zápasy Canadiens v play off.
TVA Sports to broadcast up to 350 regular-season NHL games
Montréal Canadiens: 32 regular-season games and exclusive rights to Stanley Cup Playoffs games in French
TORONTO, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Rogers Communications and Quebecor today announced a new 12-year sublicensing agreement for French-language national NHL games, beginning with the 2026-27 season. As an official French-language NHL broadcaster, TVA Sports and TVA Sports Direct will distribute all games covered by the new agreement, with the illico+ platform joining the broadcast ecosystem.
Starting with the 2026-27 season, Quebecor will hold the French broadcasting rights for up to 350 regular season NHL games per season, including 32 Montréal Canadiens regular-season games and all Montréal Canadiens games in the Stanley Cup Playoffs. This includes 10 more regular-season Montréal games than under the previous agreement; six of the eight First Round series of the Stanley Cup Playoffs; three of the four Second Round series; the Conference Finals and Stanley Cup Final; and all NHL tentpole events.
"Quebecor's executive leadership and Board of Directors are proud to carry on a long-standing tradition that brings together French-speaking Canadians around the NHL and the Montréal Canadiens," said Pierre Karl Péladeau, President and Chief Executive Officer of Quebecor, also thanking the League and Rogers for recognizing what we have been building together since 2014. "Premium sports content, such as NHL hockey and Montréal Canadiens games, remains a unique driver for rallying audiences in real time. We consider ourselves fortunate to be a partner in our national sport and to offer French-speaking Canadians even more Habs games on our local platforms. We are also grateful for the close collaboration of the Montréal Canadiens organization.”
"For Rogers, ensuring hockey fans have comprehensive French-language coverage of NHL games is a top priority,” said Tony Staffieri, President and CEO, Rogers. “We have had a terrific partnership with TVA Sports for many years, and we look forward to continuing to work together to deliver more NHL games to more French-speaking Quebecers and Canadians.”
“For the past 12 seasons, TVA Sports’ French-language broadcasts have connected our game with millions of passionate hockey fans across Quebec and Canada,” said Gary Bettman, Commissioner, NHL. “Our expanded partnership with Rogers and Quebecor reflects our shared commitment to serving fans, growing the game, and ensuring that hockey’s biggest moments are available to all audiences.”
Last year, Rogers and the NHL announced a 12-year agreement for the national media rights to NHL games on all platforms in Canada, from the 2026-27 through the 2037-38 seasons.
About Rogers Communications Inc.
Rogers is Canada’s communications, sports and entertainment company, and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). For more information, please visit rogers.com or investors.rogers.com.
About Quebecor
Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services.
Québec-based Quebecor (TSX: QBR.A, QBR.B) employs more than 11,000 people in Canada.
A family business founded in 1950, Quebecor is strongly committed to the community. Every year, it actively supports more than 400 organizations in the vital fields of culture, health, education, the environment and entrepreneurship.
Planet Labs oznámila rekordní tržby 116,05 milionu USD za 2. čtvrtletí, což překonalo odhad trhu. Ztráta 3 centy na akcii ale byla vyšší, než se očekávalo.
Planet Labs PBC (NYSE:PATH) posted its fiscal 2027 second-quarter results after Thursday’s closing bell, beating analysts’ revenue expectations. Here’s a look at the details inside the report.
PL stock is moving. Watch the price action here. Planet Labs reported quarterly losses of three cents per share, which missed the consensus estimate for losses of two cents, per Benzinga Pro data.
Quarterly revenue came in at $116.05 million, which beat the Street estimate of $104.12 million by 11.46%.
Planet Labs reported the following quarterly highlights:
Second quarter revenue increased 58% year-over-year to a record $116.1 million. Percent of recurring annual contract value (ACV) was 98% as of the end of the second quarter. Second quarter non-GAAP gross margin was 59%, compared to 61% in the second quarter of fiscal year 2026. Second quarter net loss was ($9.4) million, compared to ($22.6) million in the second quarter of fiscal year 2026. “Planet delivered an outstanding second quarter, with record revenue of $116.1 million, representing 58% year-over-year growth and our fourth consecutive quarter of meeting or exceeding the Rule of 40,” said Will Marshall, Planet’s CEO.
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PL Stock Price: According to data from Benzinga Pro, Planet Labs stock was up 6.32% to $19.51 in Thursday’s extended trading.
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Meta u nového modelu Muse Spark nabízí firmám až 95% slevu, pokud sdílejí své prompty a výstupy pro trénink budoucích modelů. Standardní cena je 1,25 USD za milion vstupních tokenů, v tarifu „contributor“ jen 10 centů. U výstupních tokenů je standardní cena 4,25 USD za milion, v tarifu „contributor“ jen 20 centů.
Most AI tools allow you to opt out of sharing your usage with the model provider to improve future versions. Meta has taken that idea and put a price tag on it.
For its new Muse Spark model, intended for operating coding and other agents, Meta is offering an explicit discount averaging out to about 95% for users who “contribute” to the development of future models by sharing their prompts and model outputs.
While 1 million input tokens under a standard agreement costs $1.25, under the contributor pricing model they cost just 10 cents. For output tokens, the standard price is $4.25 per million, but that same million costs just 20 cents under the contributor model.
Meta has had a rough time trying to obtain training data: An initiative to track the computer usage of its employees, launched earlier this year, attracted wide internal criticism and was paused in June. The company didn’t respond to a question from TechCrunch about its new pricing model.
This kind of user data is vital for making agentic tools work better. “The reason we saw a big jump in [coding agent] capabilities between April 2025 and October 2025 was that Claude Code, by default, would store all your coding agent sessions and use them for reinforcement learning training,” Mario Zechner, the developer behind the open source harness Pi, told TechCrunch last month.
But even as the imperative for model builders increasingly becomes deploying agentic tools for use outside of software engineering, their ability to evaluate and improve those tools is blocked by the complexity and lack of digital traces for many professional workflows.
Arvind Narayanan, a Princeton computer science professor, noted that there is good evidence that large companies don’t want their data to be used for model training.
“They stick with token-billed Enterprise plans even though the subscription-based consumer plans like Claude Max and ChatGPT Pro are discounted by 10x-20x or even more! (The main difference between the plans is data retention + enterprise IT governance),” he wrote on social media.
Perhaps in recognition of those dynamics, Meta is offering companies explicit compensation to obtain that information. Its pricing guide notes that the contributor tier “lowers the barrier to entry for prototyping, testing integrations, and scaling experiments where training on your data is acceptable.”
That, Narayanan suggested, could in turn incentivize large companies to be more diligent about which data is truly proprietary and which could be shared with model providers.
The framework could also play into growing price competition between the frontier labs. Anthropic’s newest Fable and Mythos models, released yesterday, came with lowered costs for processing cached tokens, while OpenAI’s latest models got major price cuts at the end of July.
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Tim Fernholz is a journalist who writes about technology, finance and public policy. He has closely covered the rise of the private space industry and is the author of Rocket Billionaires: Elon Musk, Jeff Bezos and the New Space Race. Formerly, he was a senior reporter at Quartz, the global business news site, for more than a decade, and began his career as a political reporter in Washington, D.C. You can contact or verify outreach from Tim by emailing [email protected] or via an encrypted message to tim_fernholz.21 on Signal.
Nike v červenci zavřela 11 obchodů v USA, včetně pobočky v San Jose. Firma zároveň uvedla, že tržby v jejích obchodech ve 4. fiskálním čtvrtletí 2026 klesly o 7 %.
Slumping sneaker seller Nike shuttered of a total of 11 of its U.S. stores in July alone, according to a report — including one location in a popular upscale shopping center in Northern California.
The closures impacted states across the country, including Texas, New Jersey, Illinois, North Carolina, Georgia, Florida, Missouri, Maryland, and Kentucky.
Nike closed 11 stores nationwide in the month of July alone, including a store in San Jose. Bloomberg via Getty Images In California, the brand permanently shuttered its location at the busy Santana Row mall in San Jose — a top shopping stop for minted tech workers.
Federal Realty, which operates the center, told the Silicon Valley Business Journal that the departure was “not a decision specific to this market or property” — and part of a broader shift, as the company tries to find the way forward.
Despite the closure, the Golden State still has the most Nike locations in the country with 39 stores.
The California Post reached out to Nike for comment on the closures.
The downsizing comes as Nike announced major global operations changes in April of this year — laying off approximately 1,400 employees working in global operations, mostly in the technology sector.
The company laid off 1,400 employees in April as part of a major change in global operations. Gado via Getty Images
Sales in Nike stores were down 7% in the fourth fiscal quarter of 2026, according to the company. Getty Images Download The California Post App, follow us on social, and subscribe to our newsletters California Post News: Facebook, Instagram, TikTok, X, YouTube, WhatsApp, LinkedIn
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The changes were designed to optimize the company’s supply chain footprint and modernize their use of technology to create “a more responsive, resilient, responsible, and efficient company,” according to Nike.
The iconic brand has been in a sales slump, with both footwear and equipment showing negative growth, revenue from Nike stores down 7%, and Converse revenue down 32%. Nike Direct revenue fell 9%, while Nike Digital was fell by 12%.
Niki President and CEO Elliot Hill acknowledged the company’s struggles in their June 2026 fourth-quarter earnings call.
“We know we’re not living up to our full potential,” said Hill.
Walmart ve čtvrtek rostl o 2,60 % díky širší tržní rally a nové spolupráci s Inspire Brands, která rozšiřuje doručování přes Dunkin’ v prodejnách Walmartu.
Shares of Walmart Inc. (NASDAQ:WMT) are trading higher Thursday afternoon as the retail giant benefits from broader market tailwinds and fresh expansion within its delivery ecosystem.
Here’s what investors need to know.
Walmart stock is showing upward movement. Why is WMT stock trading higher? Inspire Brands Partnership Expands Delivery ReachProviding a direct company catalyst Thursday morning, Walmart announced a strategic partnership with Inspire Brands to integrate popular restaurant delivery services, starting with Dunkin’ locations situated within Walmart stores, directly into its platform.
The initiative aims to leverage Walmart’s vast store footprint and digital app infrastructure to broaden its delivery offerings and deepen customer engagement across its nationwide retail network.
Dovish Fed Remarks and Falling Yields Support Retail SentimentBroader macroeconomic factors also lifted Walmart alongside the wider equities market Thursday afternoon. A pullback in U.S. Treasury yields, following dovish inflation commentary from Federal Reserve Governor Christopher Waller, helped ease market-wide concerns regarding elevated interest rates and persistent pressure on consumer discretionary spending.
Lower yields provide a favorable backdrop for large-cap retail and consumer staples as investors position for potential central bank rate stabilization.
Rebounding Following Recent Post-Earnings VolatilityThursday’s upward momentum helps Walmart regain ground following recent post-earnings volatility. In its second-quarter report released on Aug. 20, the retailer beat Wall Street expectations with revenue of $187.9 billion (up 5.9% year-over-year) and adjusted EPS of $0.81 (surpassing the 74 cent estimate), bolstered by a 23% jump in global e-commerce and 38% growth in advertising revenue.
However, shares plunged in late August following the release as investors fixated on slowing core retail momentum, marked by U.S. same-store sales growth dipping to 2.6%, the lowest pace in over six years.
During the earnings call, management acknowledged that lower- and middle-income consumers are making more visible trade-offs due to persistent inflationary pressures and elevated fuel costs. To counter this, executives highlighted plans to reinvest tariff refunds into aggressive price reductions via more than 11,000 “rollbacks”.
While Walmart raised its full-year EPS outlook to $2.80 to $2.87, cautious third-quarter adjusted EPS guidance of 62 cents to 64 cents reignited near-term growth concerns.
WMT Shares Rise Thursday AfternoonWMT Price Action: Walmart shares were up 2.60% at $108.85 at the time of publication on Thursday, according to Benzinga Pro data.
Adobe jmenoval Anila Chakravarthyho novým CEO s nástupem 1. prosince; nahradí Shantanu Narayena. Akcie Adobe v obchodování po uzavření trhu klesly asi o 2 %.
Adobe on Thursday named Anil Chakravarthy as its next CEO, succeeding Shantanu Narayen, who announced he would step down earlier this year.
Chakravarthy, who most recently served as president of Adobe's customer experience orchestration and worldwide field operations, will take the helm Dec. 1, the company said. He will also join Adobe's board.
Narayen will become executive chair and "work closely" with Chakravarthy during the transition, Adobe said. Narayen said last March he would leave his role after joining the company in 1998 and serving as the head of Adobe for 18 years.
"Adobe's opportunity ahead is limitless with our track record in creating new market vategories and world-class products," Narayen said in a statement. "Anil is an experienced transformational leader who leads with values, integrity and a deep knowledge of our business."
Shares of Adobe fell about 2% in extended trading.
This is breaking news. Please refresh for updates.
Read more CNBC tech newsOpenAI begins rolling out Astra model after warning of its advanced cyber capabilitiesHugging Face approached Nvidia's Huang weeks ahead of $12.9B acquisition, CEO tells CNBCHow Meta will pull off massive changes to its social media appsAnthropic's distillation battle turns to the dark web as China concerns swell
Pfizer čeká slabší období do roku 2030, než se naplno rozjede růst z nových onkologických léků. Firma zároveň plánuje do roku 2029 úspory 9,7 miliardy USD.
As the old saying goes, "If something sounds too good to be true, it probably is."
That clichéd wisdom presents something of a problem for any investor eyeing a new stake in pharmaceutical outfit Pfizer (PFE -0.72%) while its stock is priced at less than 10 times this year's expected per-share profit of $2.98, with a forward-looking dividend yield that's unusually high at just over 6%.
What's the market seeing? Maybe it's what the market's not seeing. To this end, if you're thinking about diving in, here are the top three things you need to know about Pfizer today.
1. The real revenue turning point is 2030 All stock prices reflect that company's plausible future more so than its past, or even its present. The challenge for investors interested in Pfizer at this time is how far into the future they need to look.
While its acquisitions and in-house research and development work on this front are certainly promising, the company's goal of having eight new blockbuster oncology drugs on the market -- and doubling its total number of cancer patients it's currently serving as a result -- won't even begin to start happening until after 2028, and not in earnest until 2030.
image source: Getty Images.
Meanwhile, its top-selling drugs like cancer-fighting Ibrance, pneumonia vaccine Prevnar, and blood-thinner Eliquis (which accounts for about 15% of Pfizer's total revenue) will lose their patent protection. In other words, it could be a tough few years between now and 2030,
2. Its cost-cutting goals aggressive At the same time, the drugmaker is setting up new profit centers to offset the eventual wind-down of others, and it's also cutting costs. Specifically, between this year and 2029, Pfizer expects to find $9.7 billion worth of operational savings. Most will come from cost realignments, but some will be the result of manufacturing optimization.
For perspective on that number, the company's on pace to do on the order of $62 billion worth of business this year. That's also more than all of last year's net income.
3. The high yield and low valuation make it worth the risk Finally, although the stock's dirt cheap valuation and oddly high dividend yield suggest most investors doubt Pfizer will be able to achieve its goals anytime soon (and with a consensus 12-month price target of only $28.28 per share, most analysts seem to agree), this is a scenario where investors should think longer term, recognizing that Pfizer's forced overhaul isn't anything new or unusual for it or any other names in the pharmaceutical industry. It should be a far more promising company five years from now.
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Also, remember that most stocks tend to move in anticipation of turnarounds, because they actually take hold. In this vein, Pfizer's got a great deal of drug-development progress news already lined up for the next five years, which will give investors plenty of bullish milestones to latch onto. Just make sure you're ready for a bumpy ride during this stretch.
Caterpillar spolu s FieldAI vyvíjí fyzickou AI pro inspekce a optimalizaci provozu v průmyslu. Projekt využije technologie NVIDIA pro digitální dvojčata a simulaci složitých prostředí.
Key Takeaways CAT and FieldAI are developing physical AI applications for inspections and workflow optimization.NVIDIA technologies will support digital twins to simulate and optimize complex physical environments.Komatsu is also advancing physical AI and autonomous equipment, intensifying competition. Caterpillar Inc. (CAT - Free Report) is accelerating its push into Artificial Intelligence-powered industrial operations through a collaboration with FieldAI. This highlights the growing importance of robotics, autonomy and digital technologies in reshaping construction, mining and manufacturing environments. The partnership aligns with Caterpillar's broader vision of creating safer, smarter and more productive job sites by combining its industry expertise and operational data with FieldAI's AI-enabled robotics platform.
A key focus of the collaboration is physical AI, which enables machines and robots to interpret real-world environments and convert real-time observations into actionable insights. Early applications include autonomous inspections, enhanced situational awareness, operational optimization and a virtual representation of job sites, facilities and equipment. These capabilities could help customers identify potential risks earlier, improve decision-making and optimize workflows while reducing dependence on manual processes.
The partnership also highlights the increasing role of NVIDIA (NVDA - Free Report) in the industrial AI ecosystem. Caterpillar and FieldAI plan to leverage NVIDIA accelerated computing and NVIDIA Omniverse technologies to develop high-fidelity digital twins using operational data. These technologies can enable the simulation of complex physical environments and workflows, allowing companies to test and optimize operations before deploying solutions in real-world settings.
For Caterpillar, the FieldAI collaboration builds on decades of investment in autonomy. The company has already established a significant presence in autonomous mining and is now seeking to extend these capabilities into more complex and dynamic environments. CAT's vast installed base of connected equipment and operational data could provide an important advantage as AI models increasingly require real-world data to improve decision-making and machine performance.
Caterpillar's peer Komatsu (KMTUY - Free Report) is pursuing a similar technology-driven transformation, underscoring the intensifying competition in autonomous construction and mining equipment.
Komatsu recently partnered with AIM Intelligent Machines to advance autonomous operation of bulldozers and hydraulic excavators, integrating physical AI with its Smart Construction platform. The initiative is designed to connect construction planning, equipment management and autonomous execution into a more seamless digital workflow.
CAT’s Price Performance, Valuation & EstimatesCaterpillar shares have gained 90.9% in the past year, outperforming the industry's 75.3% growth.
Image Source: Zacks Investment Research
CAT is currently trading at a forward 12-month P/E of 25.60X, a premium compared with the industry’s 23.85X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 points to year-over-year earnings growth of 43.5%, while the 2027 estimate implies growth of around 20.2%.
Image Source: Zacks Investment Research
Earnings estimates for both years have moved up over the past 60 days.
Image Source: Zacks Investment Research
Caterpillar stock currently carries a Zacks Rank #2 (Buy).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
