Track market-moving stories before they get noisy

The legal sports betting market is under attack from prediction markets like Kalshi and PolyMarket, which offer traders contracts on everything from pro sports games to election outcomes to temperature highs in specific cities.

The Zacks Gaming industry is facing pressure from cautious consumer spending amid inflation and economic uncertainty. Intense competition among casinos, sportsbooks and online gaming operators has increased promotional costs, while higher labor expenses, regulatory hurdles and rising taxes in some markets are squeezing margins. Additionally, stricter responsible gaming measures and slower spending from lower-income customers are creating challenges for industry growth. However, the industry is benefiting from rising Macau gaming revenues and strong demand for sports betting. Stocks such as Las Vegas Sands Corp. (LVS - Free Report) , MGM Resorts International (MGM - Free Report) , Churchill Downs Incorporated (CHDN - Free Report) and Rush Street Interactive, Inc. (RSI - Free Report) are likely to gain traction.

Industry Description The Zacks Gaming industry includes companies that own and operate integrated casinos, hotels and entertainment resorts. Some industry playersalso deliver technology products andservices across the lotteries, electronic gaming machines, sports betting and interactive gaming markets. Some firms develop and operate gaming establishments and associated lodging, restaurants, horse racing and entertainment amenities. Many companies are involved in developing and selling gaming applications. E-sports or sporting events or tournament services, content management systems, video software, mobile applications and e-sports data platform solutions are provided as well.

Key Themes Shaping the Gaming Industry Macroeconomic Pressure on Discretionary Spending: Economic uncertainty and persistent inflation have started to weigh on consumer discretionary spending, which directly impacts casino visitation and online betting activity. Gaming and gambling are largely entertainment-driven expenditures, making them sensitive to shifts in household budgets. When consumers face higher costs for essentials such as housing, food and energy, they often reduce spending on leisure activities like casino trips, sports betting and online gaming. This environment can lead to slower revenue growth for operators, particularly in regional markets that depend heavily on local consumer spending.

Rising Regulatory Pressure and Tax Burden: The U.S. gaming industry continues to face increasing regulatory scrutiny and higher tax rates across several states. As online sports betting and iGaming expand, many state governments are imposing stricter compliance requirements and higher tax structures to boost public revenues. These measures can significantly compress operator margins and increase operating costs. Additionally, the lack of uniform federal regulation means companies must navigate a complex patchwork of state-specific rules, licensing procedures and reporting requirements, which adds administrative burden and slows expansion plans.

Strong Macau Gaming Trends Support Industry Growth: According to Macao’s Gaming Inspection and Coordination Bureau, Macau's gaming market continued to gain momentum in May, supported by healthy tourism activity and strong holiday-related demand. Gross gaming revenues reached approximately 22.6 billion patacas ($2.8 billion) during the month, reflecting solid growth from both the prior year and the previous month. For the first five months of 2026, cumulative gaming revenues totaled about 108.4 billion patacas, representing nearly 11% growth year over year. Monthly revenues have remained above 20 billion patacas for most of the year, signaling sustained strength in Macau's recovery and providing a favorable backdrop for casino operators with exposure to the market.

Sports Betting Remains a Key Industry Growth Catalyst: The continued expansion of legalized sports betting across the United States has become a major driver of growth for the gaming industry. An increasing number of states now permit mobile and retail sports wagering, allowing operators to reach a broader customer base through digital platforms. Leading sportsbooks such as DraftKings, FanDuel, BetMGM, ESPN BET and BetRivers continue to attract users with enhanced betting options and technology-driven experiences. The growing adoption of online wagering, combined with strong consumer interest in major sporting events, has created a significant revenue opportunity for gaming operators and technology providers alike.

Zacks Industry Rank Indicates Dull Prospects The Zacks Gaming industry is grouped within the broader Zacks Consumer Discretionary sector. Carrying a Zacks Industry Rank #157 places it in the bottom 36% of more than 245 Zacks industries.

The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates dull near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.

The industry’s position in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group’s earnings growth potential.

We will present a few gaming stocks that you can add to your investment portfolio, given their strong fundamentals. However, it is worth looking at the industry’s shareholder returns and current valuation first.

Industry Underperforms the S&P 500 The Zacks Gaming industry has underperformed the S&P 500 Index and the broader Zacks Consumer Discretionary sector in the past year.

The industry has declined 14.1% over this period against the S&P 500 Index’s growth of 31.2%. In the same time frame, the sector has declined 10.8%.

1-Year Price Performance

Gaming Industry's Valuation Since gaming companies are debt-laden, valuing the same based on the EV/EBITDA (Enterprise Value/ Earnings before Interest, Tax, Depreciation and Amortization) ratio makes sense. The industry currently has a trailing 12-month EV/EBITDA ratio of 14.68 compared with the S&P 500’s 18.91.

Over the past three years, the industry has traded as high as 24.77X and as low as 13.31X, with a median of 18.04X, as the chart below shows.

Enterprise Value-to-EBITDA Ratio (Past 3 Years) 4 Gaming Stocks to Watch Rush Street Interactive: Rush Street Interactive is benefiting from the continued expansion of online sports betting and iGaming markets across North America. The company has been attracting more active users through its user-friendly digital platforms, broad product offerings and effective customer retention strategies.

This Zacks Rank #2 (Buy) player’s shares have gained 101.6% in the past year. RSI’s 2026 earnings are likely to witness growth of 56.8% year over year. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Price & Consensus: RSI

Churchill Downs: Churchill Downs is benefiting from strong demand across its gaming, racing and wagering businesses. The company continues to expand its portfolio of historical racing machine venues, which have become an important contributor to revenue and earnings growth.

This Zacks Rank #2 player’s shares have declined 4.4% in the past year. CHDN’s 2026 earnings are likely to witness growth of 19.4% year over year.

Price & Consensus: CHDN

Las Vegas Sands: The company continues to benefit from resilient spending by premium customers at Marina Bay Sands, where strong demand for luxury hospitality, gaming and entertainment offerings has supported healthy revenues and cash flow generation. Meanwhile, the company is advancing strategic investments in Macau, focusing on property enhancements, service improvements and expanded non-gaming attractions.

This Zacks Rank #3 (Hold) company’s shares have gained 26.4% in the past year. LVS’ 2026 earnings are likely to witness growth of 12.3% year over year.

Price & Consensus: LVS

MGM Resorts: MGM Resorts continues to benefit from strong momentum in its Macau and digital businesses, which have emerged as key growth drivers. Healthy performance at MGM China, coupled with expanding contributions from online gaming and sports betting operations, has helped offset softer trends in certain domestic markets.

This Zacks Rank #3 company’s shares have gained 58.6% in the past year. MGM’s 2026 sales are likely to witness a rise of 1.3% year over year.

Price & Consensus: MGM

Key Takeaways SN reported 25.3% y/y EPS growth as sales rose across most appliance categories.SharkNinja's international sales jumped 31.6%, far outpacing domestic growth.SN launched products, including Ninja Crispi Pro and Shark TurboBlade Fan. SharkNinja, Inc. (SN - Free Report) has delivered strong first-quarter 2026 results, supported by continued product innovation, expanding international demand and strength across multiple appliance categories. The company posted adjusted earnings of $1.09 per share, rising 25.3% year over year and beating the Zacks Consensus Estimate of $1.01 by 7.9%.

Net sales increased 15.6% year over year to $1.41 billion or 12.7% on a constant-currency basis, topping the consensus mark of $1.37 billion by 3.4%. The company highlighted that this marked its 12th consecutive quarter of double-digit organic net sales growth despite ongoing macroeconomic uncertainty and category softness across broader consumer markets.

Management attributed the performance to SharkNinja’s three-pillar growth strategy focused on growing share in existing categories, entering adjacent product categories and expanding internationally. Following the strong first-quarter performance, SharkNinja raised its 2026 outlook across key financial metrics.

SharkNinja Delivers Broad-Based Category GrowthSharkNinja posted growth across most of its major product categories during the quarter. Cleaning Appliances revenues increased 17% year over year to $516.6 million, which beat Zacks Consensus Estimate of $463.5 million. This increase was driven primarily by carpet extractors and corded vacuums. Cooking and Beverage Appliances sales climbed 19.8% to $414.6 million and surpassed the consensus estimate of $373.6 million, supported by continued strength in Ninja Luxe Cafe espresso machines and Ninja Crispi products.

The standout category remained Beauty and Home Environment Appliances, wherein revenues jumped 40.8% year over year to $194.1 million, which surpassed the consensus estimate of $179.3 million. Management cited strong momentum in its skincare portfolio, including products such as Shark Facial Pro Glow, as a major contributor to growth. Meanwhile, Food Preparation Appliances sales declined 3.3% to $287.5 million, which lagged the consensus estimate of $345 million. This was due to weakness in frozen drinks products, partially offset by growth in blending appliances.

The company also highlighted several innovation-driven launches, including Ninja Crispi Pro, Shark TurboBlade Fan and Ninja FlexFlame Propane Grill, as the company continues expanding into new home and outdoor sub-categories.

International Expansion Continues to Drive SN’s MomentumInternational operations remained a key growth driver for SharkNinja in the first quarter. International net sales jumped 31.6% year over year to $496.8 million, substantially outperforming domestic growth of 8.4%, wherein sales reached $916 million. Management said the acceleration was supported by continued expansion into new global markets and the rollout of existing product categories internationally.

SharkNinja products are distributed across 38 markets globally. International net sales reached $2.1 billion in 2025, seeing a 31% CAGR between 2020 and 2025. SharkNinja also highlighted that international net sales witnessed a 31% CAGR between 2020 and 2025, supported by the success of its direct operating model across regions, including the U.K., Germany, France, Italy and Spain.

SharkNinja Faces Tariff Pressures but Maintains Margin StabilitySN’s margin profile reflected a balance of cost headwinds and offsets tied to operating actions. Adjusted gross profit for the first quarter of 2026 increased 13.4% year over year to $695.5 million. Despite the increase in adjusted gross profit dollars, the adjusted gross margin contracted 100 basis points year over year to 49.2%.

The decline in the adjusted gross margin was primarily attributed to tariff-related cost pressures in the U.S. market. However, SharkNinja partially offset these headwinds through ongoing cost-optimization initiatives, favorable shifts in product-category and channel mix, and lower sourcing service fees following the expiration of the sourcing services agreement with JS Global in July 2025.

SN’s Spending Rises With Innovation & ExpansionSharkNinja continued to invest across product development, marketing and corporate infrastructure to support new categories and international growth. Research and development expense increased 12.9% to $98.9 million, driven by higher prototype and testing costs, incremental headcount tied to new categories and market expansion, increased professional and consulting fees and higher technology costs associated with cloud computing solutions.

Sales and marketing expense rose 14.4% to $315.3 million, reflecting higher delivery and distribution costs tied to volume and mix, higher personnel expense to support launches and new markets and higher advertising-related spending. General and administrative expense increased 22.4% to $116.2 million, led by personnel-related costs, including higher share-based compensation, alongside higher legal fees that were partially offset by lower technology costs.

SharkNinja’s Adjusted EBITDA Margin Improves on Operating LeverageSN translated its sales growth into higher operating profitability. Adjusted operating income rose 16.1% year over year to $200.9 million from $173 million, while the adjusted operating margin remained unchanged at 14.2% in both periods.

Adjusted EBITDA increased 17.5% year over year to $235.4 million, and the adjusted EBITDA margin improved 30 basis points year over year to 16.7%, reflecting continued operating leverage and disciplined expense management despite higher growth investments.

SN’s Balance Sheet Remains Liquid as Cash Flow Turns SeasonalSharkNinja ended the first quarter of 2026 with a strong liquidity position. As of March 31, 2026, the company had cash and cash equivalents of $511.8 million, along with $489.1 million of available capacity under its revolving credit facility. Total debt, excluding unamortized deferred financing costs, stood at $729 million at the quarter-end.

Inventory levels increased modestly during the quarter as the company continued to support product launches and international expansion initiatives. Inventories as of March 31, 2026, increased 3.2% sequentially to $1.03 billion compared with $1 billion as of Dec. 31, 2025.

The cash flow reflected working-capital uses. Net cash used in operating activities was $156.3 million, led by changes in accrued expenses and other liabilities, as well as prepaid expenses and other assets. Net cash used in investing activities was $38.4 million, including $33.9 million in purchases of property and equipment, and the company repurchased $18.5 million of ordinary shares during the quarter.

SharkNinja Raises 2026 Outlook on Sales & Earnings PowerThe company expects net sales to increase 11.5-12.5% year over year, higher than the prior stated rise of 10-11%, reflecting continued momentum across product categories and international markets.

SharkNinja also raised its adjusted diluted earnings per share outlook to $6-$6.10, suggesting growth of 13.6-15.5% from that reported in the prior year. This compares favorably with the earlier guidance of $5.90-$6, which implied growth of 11.7-13.6%.

Adjusted EBITDA is projected between $1.29 billion and $1.30 billion, hinting at year-over-year growth of 13.5-14.5%. Previously, the company expected adjusted EBITDA of $1.27-$1.28 billion, representing growth of 11.8-12.7%.

Capital expenditure is projected to be $190-$210 million; this amount will likely support investments in product launches, innovation initiatives and technology infrastructure. Management noted that ongoing uncertainty surrounding the macroeconomic environment, geopolitical conditions and tariff-related developments could impact the company’s future operating results.

SN Stock Past 3-Month Performance

Image Source: Zacks Investment Research

Shares of this Zacks Rank #3 (Hold) company have lost 1.7% in the past three months compared with the industry’s decline of 6.5%.

Eye These Better-Ranked PicksSome better-ranked stocks are Under Armour, Inc. (UAA - Free Report) , Gildan Activewear Inc. (GIL - Free Report) and Tilly's, Inc. (TLYS - Free Report) .

Under Armour is a global leader in designing, marketing and distributing performance apparel, footwear and accessories for men, women and youth. It currently sports a Zacks Rank of 1 (Strong Buy). The company delivered a trailing four-quarter earnings surprise of 140.3%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for UAA’s current fiscal-year sales and earnings indicates declines of 3.8% and 64.5%, respectively, from the year-ago reported numbers.

Gildan Activewear is a manufacturer and marketer of premium quality branded basic activewear for sale principally into the wholesale imprinted activewear segment of the North American apparel market. It currently carries a Zacks Rank #2 (Buy).

The Zacks Consensus Estimate for Gildan Activewear’s current financial-year earnings and sales suggests growth of 22.2% and 68.9%, respectively, from the year-ago actuals. GIL delivered a negative trailing four-quarter average earnings surprise of 1.1%.

Tilly's is a specialty retailer in the action sports industry, selling clothing, shoes and accessories. It has a Zacks Rank of 2 at present.

The Zacks Consensus Estimate for Tilly's current fiscal-year earnings and sales implies growth of 70.7% and 2.6%, respectively, from the year-ago actuals. TLYS delivered a trailing four-quarter average earnings surprise of 147%.

SharkNinja delivered strong Q1 2026 results, with net sales up 15.6% to $1.4B and adjusted net income up 25.1%. SN's 3-pillar growth strategy—category expansion, innovation, and international growth—continues to drive robust top- and bottom-line performance. The valuation remains attractive, with a PEG ratio of 1.33, supporting further upside as earnings are expected to grow 13% annually over the next several years.

NEEDHAM, Mass.--(BUSINESS WIRE)--SharkNinja, Inc. (NYSE: SN), makers of the #1 best-selling espresso maker in the US in 20251, today announced the Ninja AutoBarista™ the brand's first fully automatic espresso machine that brews true espresso, drip coffee, cold brew and café-quality microfoam at the touch of a button. Great espresso requires precision, practice and time - from dialing in grind size and tamping pressure to balancing temperature and extraction timing. According to a recent SharkNi.

New York, NY, May 27, 2026 (GLOBE NEWSWIRE) -- Following a BBB National Programs’ National Advertising Division Fast-Track SWIFT challenge brought by Dyson, Inc., SharkNinja Operating, LLC voluntarily modified “fastest…blowout” performance claims made for its Shark Glossi 2-in-1 Hot Tool and Air Glosser.

Fast-Track SWIFT is an expedited process for single-issue advertising cases reviewed by the National Advertising Division (NAD).

Dyson and Shark make competing hair dryers and stylers. At issue before NAD were Shark’s “fastest blowout” claims on product packaging, its website, and social media, including “The FASTEST, BOUNCY, BLOWOUT WITHOUT THE FRIZZ that lasts all day” and “unlock the fastest, glossiest bouncy blowout ever.” The challenge solely focused on whether comparing average air velocity alone is a good fit for the challenged superlative performance claim.

During the course of the challenge, Shark informed NAD that it had permanently modified its advertising to make clear that the “fastest blowout” claim is based on comparative dry-time testing that it had conducted, rather than air velocity alone. Based on this modification, NAD did not address the substance of the challenge. This voluntarily modified version of the claim will be treated, for compliance purposes, as though NAD recommended they be modified.

All BBB National Programs case decision summaries can be found in the case decision library. For the full text of NAD, NARB, and CARU decisions, subscribe to the online archive. This press release shall not be used for advertising or promotional purposes.

About BBB National Programs: BBB National Programs, a non-profit organization, is the home of U.S. independent industry self-regulation, currently operating more than 20 globally recognized programs that have been helping enhance consumer trust in business for more than 50 years. These programs provide third-party accountability and dispute resolution services that address existing and emerging industry issues, promote fair competition for businesses, and a better experience for consumers. BBB National Programs continues to evolve its work and grow its impact by providing business guidance and fostering best practices in arenas such as advertising, child-and-teen-directed marketing, data privacy, dispute resolution, automobile warranty, technology, and emerging areas. To learn more, visit bbbprograms.org.

About the National Advertising Division: The National Advertising Division of BBB National Programs provides independent self-regulation and dispute resolution services, guiding the truthfulness of advertising across the U.S. The National Advertising Division reviews national advertising in all media and its decisions set consistent standards for advertising truth and accuracy, delivering meaningful protection to consumers and leveling the playing field for business.

Investors interested in Consumer Products - Discretionary stocks are likely familiar with Acco Brands (ACCO - Free Report) and SharkNinja, Inc. (SN - Free Report) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.

Currently, Acco Brands has a Zacks Rank of #2 (Buy), while SharkNinja, Inc. has a Zacks Rank of #3 (Hold). Investors should feel comfortable knowing that ACCO likely has seen a stronger improvement to its earnings outlook than SN has recently. But this is only part of the picture for value investors.

Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.

Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.

ACCO currently has a forward P/E ratio of 4.49, while SN has a forward P/E of 20.04. We also note that ACCO has a PEG ratio of 0.75. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. SN currently has a PEG ratio of 1.54.

Another notable valuation metric for ACCO is its P/B ratio of 0.53. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, SN has a P/B of 6.28.

These are just a few of the metrics contributing to ACCO's Value grade of A and SN's Value grade of D.

ACCO has seen stronger estimate revision activity and sports more attractive valuation metrics than SN, so it seems like value investors will conclude that ACCO is the superior option right now.

NEEDHAM, Mass.--(BUSINESS WIRE)--SharkNinja, Inc. (NYSE: SN), the global product design and technology company, today introduced the Shark Home Luxe Collection — Shark Home's first cross-category color collection, bringing elevated new finishes to two of Shark's newest cleaning systems: the Shark® PowerDetect™ UV Reveal™ 2-in-1 robot vacuum and mop, and the Shark® PowerDetect Speed™, a lightweight cordless vacuum with an auto-empty dock. Designed to complement modern interiors, the collection r.

NEEDHAM, Mass.--(BUSINESS WIRE)--SharkNinja, Inc. (NYSE: SN), a global product design and technology company, today introduced Shark® CarpetForce™ — an all-new lineup of lightweight deep carpet cleaning systems designed to transform how consumers care for their carpets at home. The collection includes the Shark® CarpetForce™ Upright Carpet Cleaner and the Shark® CarpetForce™ HairPro® Upright Carpet Cleaner, both engineered to give consumers what traditional carpet cleaners struggle to provide —.

Smith+Nephew (LSE: SN, NYSE: SNN), the global medical technology company, announces the completion of the first clinical cases performed using the next‑generation CORI◊ XT Handheld Robotics Platform, marking an important milestone in the clinical introduction of its latest handheld robotics technology.

CORI XT Handheld Robotic Platform is designed to be the single handheld robotics platform for all orthopaedic needs - partial to revision knee, hip*, and anatomic and reverse shoulders - with a footprint tailored to the unique needs of hospitals and ambulatory surgical suites settings. These early cases represent the first use of CORI XT Platform across both knee and shoulder arthroplasty and reflect Smith+Nephew’s Skill Amplified approach to handheld robotics—designing technology to support and enhance surgeon expertise while preserving surgeon control, clinical judgment, and efficient workflows.

First robotic shoulder arthroplasty cases globally in hospital and ASC settings

The first shoulder arthroplasty cases using CORI XT Platform were performed at Duke Health by a surgical team led by Dr. Christopher Klifto. Dr. Klifto utilized CORI◊ SHOULDER Handheld Robotic Arthroplasty in combination with the AETOS◊ Shoulder System. CORI SHOULDER offers a complete robotic procedure, supporting handheld robotic execution of the humerus and glenoid, across both anatomic and reverse procedures.

Dr. Klifto said, “The CORI SHOULDER workflow was streamlined and efficient; registration and planning were seamless; and the post‑op x‑rays matched our pre‑op planning. A proud moment for the team and an exciting milestone for shoulder robotics.”

Building on this initial clinical experience, Dr. Bertrand Kaper completed the first CORI XT shoulder arthroplasty cases in an ambulatory surgery center (ASC) setting at North Valley Surgery Center in Scottsdale, Arizona, further expanding the use of CORI XT Platform across care environments, and highlighting the versatility and fit of the CORI XT Platform in an ASC setting, and the well-suited nature of handheld robotics to shoulder arthroplasty.

Reflecting on these first cases, Dr. Kaper said, “It is a privilege to be part of this transformative effort to bring the accuracy of robotic technology to the surgical treatment of shoulder arthritis. The use of CORI Handheld Robotics allows us to merge advanced technology with surgical expertise to deliver personalized care for shoulder surgery. As we have witnessed with our knee replacement patients, robotic technology enhances the potential for patient recovery and implant longevity. I am confident that these innovations will become the standard for helping our patients who are dealing with the pain and disability of shoulder arthritis.”

To learn more, please visit our CORI SHOULDER website.

First knee replacement cases with CORI XT Platform at NYU Langone

The first knee replacement procedures performed using the CORI XT Handheld Robotics Platform were completed at NYU Langone Health by Dr. Ran Schwarzkopf, orthopedic surgeon and joint replacement specialist. These cases mark the first clinical use of CORI XT Platform in knee arthroplasty and an important milestone in the platform’s broader rollout as its applications continue to expand.

Handheld robotics designed for accuracy1 without compromising efficiency

CORI XT Platform is designed to provide the benefits of robotic assistance while preserving the efficiency and familiarity of established surgical workflows. Its handheld form factor enables surgeons to access robotic guidance and execution support without disrupting procedural flow or adding operational complexity to the operating room.

As part of Smith+Nephew’s Skill Amplified robotics approach, CORI XT Platform is designed to enhance accuracy1 while maintaining surgeon control, tactile feedback, and decision‑making throughout the procedure. By integrating naturally into how surgeons already operate, the platform supports consistent execution without requiring changes to operating room setup or procedural workflow.

With its compact footprint and mobility, CORI XT Platform is suited for use across both hospital and ambulatory surgery center environments.2 The system integrates with Smith+Nephew’s CORIOGRAPH◊ Pre-Operative Planning and Modeling Services to support patient‑specific planning while enabling efficient intraoperative execution.

“These first clinical cases reflect close collaboration with surgeon partners and our commitment to introducing handheld robotics in a thoughtful and practical way,” said Mayank Shandil, Smith+Nephew Senior Vice President, Global Marketing Orthopaedics and Robotics. “Our Skill Amplified approach focuses on supporting surgical accuracy while enabling surgeons to work efficiently and confidently within their preferred workflows.”

The CORI XT Platform is part of Smith+Nephew’s broader MTECH (Musculoskeletal Technologies to Enhance Care and Healing) portfolio, spanning robotics, navigation, visualization, and enabling technologies across orthopaedic surgery.

- ends –

*CORI HIP Handheld Robotic Arthroplasty indication is under development

References:
1. Bollars P, Janssen D, De Weerdt W, et al. Improved accuracy of implant placement with an imageless handheld robotic system compared to conventional instrumentation in patients undergoing total knee arthroplasty: a prospective randomized controlled trial using CT-based assessment of radiological outcomes. Knee Surg Sports Traumatol Arthrosc. 2023;31(12):5446-5452.
2. Smith+Nephew 2020. Internal report. ER0488 Rev. B  Smith+Nephew 2020. Comparison of operating room footprint for robotic-assisted knee arthroplasty systems. Internal Report. EO.REC.PCS015.002.v1.

Media Enquiries

Gina Kamler          +1 (901) 262-9070

Smith+Nephew      [email protected]

About Smith+Nephew

Smith+Nephew is a portfolio medical technology business focused on the repair, regeneration and replacement of soft and hard tissue. We exist to restore people’s bodies and their self-belief by using technology to take the limits off living. We call this purpose ‘Life Unlimited’. Our 17,000 employees deliver this mission every day, making a difference to patients’ lives through the excellence of our product portfolio, and the invention and application of new technologies across our three global business units of Orthopaedics, Sports Medicine & ENT and Advanced Wound Management.

Founded in Hull, UK, in 1856, we now operate in around 100 countries, and generated annual sales of $6.2 billion in 2025. Smith+Nephew is a constituent of the FTSE100 (LSE:SN, NYSE:SNN). The terms ‘Group’ and ‘Smith+Nephew’ are used to refer to Smith & Nephew plc and its consolidated subsidiaries, unless the context requires otherwise.

For more information about Smith+Nephew, please visit www.smith-nephew.com and follow us on LinkedIn, Instagram or Facebook.

Forward-looking Statements

This document may contain forward-looking statements that may or may not prove accurate. For example, statements regarding expected revenue growth and trading profit margins, market trends and our product pipeline are forward-looking statements. Phrases such as "aim", "plan", "intend", "anticipate", "well-placed", "believe", "estimate", "expect", "target", "consider" and similar expressions are generally intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from what is expressed or implied by the statements. For Smith+Nephew, these factors include: conflicts in Europe and the Middle East, economic and financial conditions in the markets we serve, especially those affecting healthcare providers, payers and customers; price levels for established and innovative medical devices; developments in medical technology; regulatory approvals, reimbursement decisions or other government actions; product defects or recalls or other problems with quality management systems or failure to comply with related regulations; litigation relating to patent or other claims; legal and financial compliance risks and related investigative, remedial or enforcement actions; disruption to our supply chain or operations or those of our suppliers; competition for qualified personnel; strategic actions, including acquisitions and disposals, our success in performing due diligence, valuing and integrating acquired businesses; disruption that may result from transactions or other changes we make in our business plans or organisation to adapt to market developments; relationships with healthcare professionals; reliance on information technology and cybersecurity; disruptions due to natural disasters, weather and climate change related events; changes in customer and other stakeholder sustainability expectations; changes in taxation regulations; effects of foreign exchange volatility; and numerous other matters that affect us or our markets, including those of a political, economic, business, competitive or reputational nature. Please refer to the documents that Smith+Nephew has filed with the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended, including Smith+Nephew's most recent annual report on Form 20-F, which is available on the SEC’s website at www. sec.gov, for a discussion of certain of these factors. Any forward-looking statement is based on information available to Smith+Nephew as of the date of the statement. All written or oral forward-looking statements attributable to Smith+Nephew are qualified by this caution. Smith+Nephew does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances or in Smith+Nephew's expectations.

◊ Trademark of Smith+Nephew. Certain marks registered in US Patent and Trademark Office.

Smith & Nephew PLC (LSE:SN) efforts to expand its surgical robotics platform and strengthen its orthopaedics pipeline received a vote of confidence from surgeons at a recent investor event, according to analysts at JPMorgan.

Analyst Veronika Dubajova said discussions at the medical technology group's Expert Surgeon Insights event in London left her incrementally more positive on the prospects for CORI, Smith & Nephew's robotic-assisted surgery platform.

The event featured surgeons discussing their experiences with products across the company's portfolio and followed a similar gathering held in New York in December.

Dubajova said enthusiasm for CORI appeared to have increased as the platform broadens beyond knee procedures. The addition of CORI Shoulder has already expanded its capabilities, while a hip surgery application is expected to launch within the next six to seven months.

Surgeons also expressed growing confidence in LANDMARK, Smith & Nephew's next-generation knee system, ahead of its planned launch in the third quarter of 2026.

The positive feedback is significant because investors have closely watched Smith & Nephew's ability to drive growth through innovation after years of lagging some larger rivals in orthopaedics.

JPMorgan said the event highlighted the breadth of the group's product development programme and the pace of upcoming launches.

However, Dubajova noted that investors remain focused on nearer-term execution, particularly delivery against the company's 2026 guidance, which is weighted towards the second half of the year.

Littelfuse, Inc. (NASDAQ: LFUS - Get Free Report) has received a consensus rating of "Moderate Buy" from the five research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have given a buy recommendation and one has issued a

Littelfuse, Inc. (NASDAQ:LFUS – Get Free Report) has earned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $374.00.

A number of brokerages recently weighed in on LFUS. Zacks Research downgraded shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Williams Trading set a $360.00 target price on shares of Littelfuse in a research report on Thursday, January 29th. Benchmark raised shares of Littelfuse from a “hold” rating to a “buy” rating and set a $360.00 price objective for the company in a research report on Thursday, January 29th. Weiss Ratings cut shares of Littelfuse from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Finally, UBS Group set a $360.00 target price on shares of Littelfuse in a report on Thursday, January 29th.

Get Our Latest Report on LFUS

Insider Buying and Selling In other news, SVP Peter Sung-Jip Kim sold 5,488 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $326.35, for a total value of $1,791,008.80. Following the completion of the transaction, the senior vice president owned 10,175 shares of the company’s stock, valued at $3,320,611.25. This represents a 35.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Jeffrey G. Gorski sold 3,500 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $330.32, for a total transaction of $1,156,120.00. Following the sale, the chief accounting officer directly owned 6,433 shares of the company’s stock, valued at $2,124,948.56. This represents a 35.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 49,012 shares of company stock valued at $16,227,764 over the last three months. Insiders own 1.00% of the company’s stock.

Institutional Trading of Littelfuse A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Littelfuse by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,969,874 shares of the technology company’s stock valued at $751,141,000 after purchasing an additional 44,826 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Littelfuse by 67.3% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,024,176 shares of the technology company’s stock worth $259,035,000 after purchasing an additional 412,160 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its holdings in shares of Littelfuse by 3.9% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 980,498 shares of the technology company’s stock worth $247,988,000 after purchasing an additional 37,203 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Littelfuse by 58.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 609,966 shares of the technology company’s stock worth $154,273,000 after purchasing an additional 225,445 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Littelfuse by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 516,479 shares of the technology company’s stock valued at $130,635,000 after acquiring an additional 25,860 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Stock Performance Shares of LFUS opened at $389.49 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.91 and a current ratio of 2.69. Littelfuse has a twelve month low of $150.07 and a twelve month high of $397.00. The firm’s 50 day moving average price is $349.58 and its two-hundred day moving average price is $295.58. The firm has a market cap of $9.80 billion, a P/E ratio of -134.31, a PEG ratio of 2.48 and a beta of 1.40.

Littelfuse (NASDAQ:LFUS – Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. Littelfuse had a negative net margin of 3.00% and a positive return on equity of 10.53%. The company had revenue of $593.93 million for the quarter, compared to the consensus estimate of $583.53 million. During the same period last year, the company earned $2.04 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. Littelfuse has set its Q1 2026 guidance at 2.700-2.900 EPS. On average, analysts forecast that Littelfuse will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th were issued a $0.75 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.8%. Littelfuse’s dividend payout ratio is -103.45%.

Littelfuse Company Profile (Get Free Report)

Littelfuse, Inc is a global manufacturer of circuit protection, power control, and sensing technologies. Founded in 1927 and headquartered in Chicago, Illinois, the company develops and produces a broad range of products designed to safeguard electrical and electronic systems across a variety of end markets. Littelfuse’s offerings include fuses, semiconductors, relays, and sensors, all engineered to protect against overcurrent, overvoltage, and thermal events in demanding applications.

The company’s product portfolio is organized into key segments such as Automotive, Industrial & Electronics, and Power & Sensor.

Featured Articles Five stocks we like better than Littelfuse

Receive News & Ratings for Littelfuse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Littelfuse and related companies with MarketBeat.com's FREE daily email newsletter.

CHICAGO--(BUSINESS WIRE)--Littelfuse, Inc. (NASDAQ: LFUS), a leader in developing smart solutions that enable safe and efficient electrical energy transfer, today announced that Anne‑Marie D'Angelo will join the company as Chief Legal Officer and Corporate Secretary, effective May 1, 2026. Greg Henderson, President and Chief Executive Officer, commented, “We are pleased to welcome Anne‑Marie to the Littelfuse executive leadership team. She is a proven leader with an exceptional track record of.

Launched on 11/08/2017, the John Hancock Multifactor Small Cap ETF (JHSC - Free Report) is a smart beta exchange traded fund offering broad exposure to the Style Box - Small Cap Blend category of the market.

What Are Smart Beta ETFs?The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.

Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.

However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta.

Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.

Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns.

Fund Sponsor & IndexBecause the fund has amassed over $691.89 million, this makes it one of the average sized ETFs in the Style Box - Small Cap Blend. JHSC is managed by John Hancock. This particular fund seeks to match the performance of the JOHN HANCOCK DIMENSIONAL SMALL CAP INDEX before fees and expenses.

The John Hancock Dimensional Small Cap Index is designed to comprise a subset of securities in the U.S. Universe issued by companies whose market capitalizations are smaller than the 750th largest U.S. company but excluding the smallest 4% of U.S. companies at the time of reconstitution.

Cost & Other ExpensesFor ETF investors, expense ratios are an important factor when considering a fund's return; in the long-term, cheaper funds actually have the ability to outperform their more expensive cousins if all other things remain the same.

Annual operating expenses for JHSC are 0.42%, which makes it on par with most peer products in the space.

It's 12-month trailing dividend yield comes in at 1.03%.

Sector Exposure and Top HoldingsETFs offer diversified exposure and thus minimize single stock risk, but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.

JHSC's heaviest allocation is in the Industrials sector, which is about 18.6% of the portfolio. Its Financials and Consumer Discretionary round out the top three.

When you look at individual holdings, Darling Ingredients Inc (DAR) accounts for about 0.58% of the fund's total assets, followed by Littelfuse Inc (LFUS) and Element Solutions Inc (ESI).

The top 10 holdings account for about 4.71% of total assets under management.

Performance and RiskSo far this year, JHSC has gained about 8.98%, and it's up approximately 28.25% in the last one year (as of 04/30/2026). During this past 52-week period, the fund has traded between $36.04 and $46.67.

The fund has a beta of 1.03 and standard deviation of 18.65% for the trailing three-year period. With about 493 holdings, it effectively diversifies company-specific risk .

AlternativesJohn Hancock Multifactor Small Cap ETF is a reasonable option for investors seeking to outperform the Style Box - Small Cap Blend segment of the market. However, there are other ETFs in the space which investors could consider.

Vanguard Small-Cap Index Fund ETF Shares (VB) tracks CRSP US Small Cap Index and the iShares Core S&P Small-Cap ETF (IJR) tracks S&P SmallCap 600 Index. Vanguard Small-Cap Index Fund ETF Shares has $75.35 billion in assets, iShares Core S&P Small-Cap ETF has $100.55 billion. VB has an expense ratio of 0.03% and IJR changes 0.06%.

Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Blend

Bottom LineTo learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

Littelfuse (LFUS - Free Report) came out with quarterly earnings of $3.31 per share, beating the Zacks Consensus Estimate of $2.83 per share. This compares to earnings of $2.19 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +16.96%. A quarter ago, it was expected that this circuit protection manufacturer would post earnings of $2.51 per share when it actually produced earnings of $2.69, delivering a surprise of +7.17%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Littelfuse, which belongs to the Zacks Electronics - Miscellaneous Components industry, posted revenues of $656.97 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 3.46%. This compares to year-ago revenues of $554.31 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.

Littelfuse shares have added about 67.2% since the beginning of the year versus the S&P 500's gain of 6%.

What's Next for Littelfuse?While Littelfuse has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Littelfuse 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 $3.48 on $697 million in revenues for the coming quarter and $12.99 on $2.69 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, Electronics - Miscellaneous Components is currently in the top 32% 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, Data I/O Corporation (DAIO - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 14.

This company is expected to post quarterly loss of $0.16 per share in its upcoming report, which represents a year-over-year change of -300%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Data I/O Corporation's revenues are expected to be $4.47 million, down 27.7% from the year-ago quarter.

Littelfuse (LFUS - Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.

Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for Littelfuse basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Littelfuse imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.

Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for LittelfuseThis circuit protection manufacturer is expected to earn $13.56 per share for the fiscal year ending December 2026, which represents no year-over-year change.

Analysts have been steadily raising their estimates for Littelfuse. Over the past three months, the Zacks Consensus Estimate for the company has increased 4.4%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Littelfuse to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

CHICAGO--(BUSINESS WIRE)--Littelfuse, Inc. (NASDAQ: LFUS), a leader in developing smart solutions that enable safe and efficient electrical energy transfer, will host an Investor Day in New York City today, Thursday, May 14, 2026. Presentations are expected to begin at 9:00 a.m. ET and conclude at 12:00 p.m. ET. Greg Henderson, President and CEO, Abhi Khandelwal, Executive Vice President and CFO, and other members of the executive leadership team will present an in-depth review of the company's.

Investors might want to bet on Littelfuse (LFUS - Free Report) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.

The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this circuit protection manufacturer, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank.

The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.

For Littelfuse, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year.

The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:

12 Month EPS

Current-Quarter Estimate RevisionsFor the current quarter, the company is expected to earn $3.77 per share, which is a change of +32.3% from the year-ago reported number.

Over the last 30 days, the Zacks Consensus Estimate for Littelfuse has increased 8.33% because one estimate has moved higher compared to no negative revisions.

Current-Year Estimate RevisionsFor the full year, the company is expected to earn $14.86 per share, representing a year-over-year change of +39.1%.

There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, two estimates have moved up for Littelfuse versus no negative revisions. This has pushed the consensus estimate 14.4% higher.

Favorable Zacks RankThe promising estimate revisions have helped Littelfuse earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.

Bottom LineWhile strong estimate revisions for Littelfuse have attracted decent investments and pushed the stock 10.5% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away.

Key Takeaways MCHP is riding AI demand with Gen 4 and Gen 5 data center products and a new PCIe Gen 6 switch.ROST posted strong first-quarter fiscal 2026 sales and comps growth and continues expanding stores.LFUS is expanding into adjacent markets across power, marine and automotive applications. U.S. stock markets closed at record highs in May, supported by a solid first-quarter 2026 earnings season, continuation of artificial intelligence (AI) trade and expectations of a near-term solution to the Middle East geopolitical conflicts.

Last month, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — rallied 3%, 5% and 8%, respectively. On May 29, the last trading day of the month, the indexes posted record intraday and closing highs. 

Momentum Likely to Continue in JuneAI trade is gathering steam as days progress. Ai infrastructure trade is now expanding from chips to memory and storage devices as well as servers and racks. Moreover, agentic AI is expanding the scope of AI infrastructure providers in the physical layer.

Massive AI data center growth is benefiting several nuclear power generator and reactor makers, construction giants, cooling and water purifying companies and industrial manufactures. 

On May 28, the U.S. government entered into a "memorandum of understanding" with Iran to extend the ceasefire for 60 days and continue negotiations on Iran's nuclear program. The negotiations also include the reopening the Strait of Hormuz with Iran removing their mines within 30 days and the United States gradually lifting the naval blockade. 

At this stage, we recommend five stocks with a favorable Zacks Rank that are expected to maintain their momentum in June, too. These are: Microchip Technology Inc. (MCHP - Free Report) , Ross Stores Inc. (ROST - Free Report) , MasTec Inc. (MTZ - Free Report) , Arrow Electronics Inc. (ARW - Free Report) and Littelfuse Inc. (LFUS - Free Report) .

Each of the stocks sports a Zacks Rank #1 (Strong Buy) at present and has a Zacks Momentum Score of A or B. You can see the complete list of today’s Zacks #1 Rank stocks here.

The chart below shows the price performance of our five picks in the past three months.

Image Source: Zacks Investment Research

Microchip Technology Inc.Microchip Technology benefits from growing AI investments. The company’s Gen 4 and Gen 5 data center products are witnessing strong sales growth. MCHP’s new products are expected to gain traction with the launch of the industry's first 3-nanometer-based PCIe Gen 6 switch that powers modern AI infrastructure. 

These switches offer double bandwidth, lower latency, advanced security and high-density AI connectivity for next-generation cloud and data center performance. The success of the restructuring plan also bodes well for MCHP’s prospects. The company also entered the PCIe retimer market in the June 2026 quarter as a companion device for Gen6 switches, and disclosed an OEM design win that displaced a competitor. 

MCHP has expanded connectivity, storage and compute offerings for AI and data center applications, as well as intelligent power modules for AI at the edge. These factors are expected to drive top-line growth in the long term.

Microchip Technology has an expected revenue and earnings growth rate of 31.5% and 84.2%, respectively, for the current year (ending March 2027). The Zacks Consensus Estimate for the current year’s earnings has improved 17.5% in the last 30 days.

Ross Stores Inc.Ross Stores has been benefiting from the strong execution of its off-price retail model. ROST continues to benefit from solid demand for value-driven merchandise, delivering 21% sales growth and 17% comps growth in first-quarter fiscal 2026, supported by effective merchandising and marketing initiatives. 

ROST is also progressing well on store-expansion plans, with long-term growth potential across both banners, targeting 2,900 Ross Dress for Less and 700 dd’s DISCOUNTS stores. For fiscal 2026, ROST expects comps growth of 6-7%, with earnings of $7.50-$7.74, up 13-17% year over year. 

Solid financial flexibility, disciplined capital allocation and ongoing share repurchases highlight ROST’s commitment to shareholder returns, underscoring a robust business for continued growth.

Ross Stores has an expected revenue and earnings growth rate of 8.2% and 15.6%, respectively, for the current year (ending January 2027). The Zacks Consensus Estimate for the current year’s earnings has improved 3.9% over the last seven days. 

MasTec Inc.MasTec is a major beneficiary of the AI-powered data center boom. Emerging demand tied to AI and data centers is becoming a meaningful growth driver. MTZ highlighted increasing demand for fiber connectivity, low-latency networks and power infrastructure to support data centers. 

MTZ is gaining traction in turnkey data center projects, leveraging its integrated capabilities across construction management, telecom, power and civil infrastructure. These projects require large-scale, multi-disciplinary execution, positioning MTZ to capture larger contract values and expand its addressable market over time.

MTZ is a leading solution provider for design, construction, and maintenance services in the wireless network space. High-speed wireless network connectivity is of utmost importance as both enterprises and households use more AI-driven products. 

MasTec has an expected revenue and earnings growth rate of 22% and 35.3%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 3.5% over the last 30 days. 

Arrow Electronics Inc.Arrow Electronics benefits from continued operational momentum across Global Components and ECS, with Q1’26 consolidated sales of $9.47 billion, up 39% year over year and above guidance. 

ARW’s diverse customer portfolio of thousands of leading manufacturers and service providers, provides revenue stability and reduces concentration risk. Strong cash flow generation from its asset-light model supports share buybacks and strategic investments. For the second quarter of 2026, Arrow expects consolidated sales of $9.15 billion to $9.75 billion.

Arrow Electronics has an expected revenue and earnings growth rate of 15.6% and 63.1%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 32.2% over the last 30 days. 

Littelfuse Inc.Littelfuse designs, manufactures, and sells electronic components, modules, and subassemblies. LFUS operates through three segments: Electronics, Transportation, and Industrial.

LFUS’ products are vital components in virtually every market that uses electrical energy, from consumer electronics to automobiles, commercial vehicles and industrial equipment. LFUS is also expanding into adjacent markets that complement their core business including power distribution centers for mining operations, generator controls and protection for marine applications, heavy-duty switches for commercial vehicles and electromechanical sensors used in the automotive industry.

Littelfuse has an expected revenue and earnings growth rate of 16.6% and 39.1%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 14.4% over the last 30 days. 

UFP Technologies, Inc. (Nasdaq: UFPT), a contract development and manufacturing organization specializing in single-use and single-patient medical devices, today announced the appointment of Ryan Stafford as General Counsel and Senior Vice President of Human Resources, effective June 4, 2026. Stafford succeeds Chris Litterio, who is retiring after having played a pivotal role in the company’s growth.

Stafford brings nearly three decades of experience as a senior legal and human resources leader at high-growth, publicly traded companies, leading Legal and Human Resources and overseeing M&A as well as helping guide corporate growth through both acquisition execution and organizational development. All of these capabilities are directly aligned with UFP Technologies’ continued growth strategy.

Most recently, Stafford served as Executive Vice President, Chief Legal Officer, Corporate Secretary, and head of Mergers & Acquisitions at Littelfuse, Inc. (Nasdaq: LFUS), a global manufacturer of electrical protection components. He joined Littelfuse in 2007 as General Counsel and Vice President of Human Resources, later advancing to Senior Vice President and Chief Legal and Human Resources from 2014 to 2021. In 2021, he was named Executive Vice President, Mergers & Acquisitions and Chief Legal Officer, where he led the company’s acquisition strategy.

Prior to Littelfuse, Stafford held senior legal and operational roles at Tyco International Ltd., including Vice President & General Counsel for Tyco Engineered Products & Services and Vice President of China Operations for the segment. He began his legal career as an associate at Sulloway & Hollis, a New Hampshire law firm.

“We are thrilled to welcome Ryan Stafford to UFP Technologies,” said Mitch Rock, Chief Executive Officer of UFP Technologies. “Ryan brings exceptional depth of experience supporting growth-oriented public companies and a proven ability to lead acquisitions. His strategic perspective, legal expertise, and track record of building high-performing teams will be invaluable as we continue to scale the business.

“I am excited to join UFP Technologies at such a dynamic moment in its evolution,” said Stafford. “The company has built an outstanding reputation as a trusted partner to leading medical device manufacturers, and I look forward to supporting its continued through strategic acquisitions and by strengthening the organization to scale with that growth.”

Stafford earned a Bachelor of Arts in History and German from Bowdoin College and a Juris Doctor from the University of Maine School of Law.

About UFP Technologies, Inc.

UFP Technologies is a trusted contract development and manufacturing organization specializing in comprehensive solutions for medical devices, sterile packaging and other highly engineered custom products. The company’s single-use and single-patient devices and components are used across a wide range of medical products in segments including robotic assisted surgery, patient beds, infection control, cardiovascular, orthopedics and spine and wound care. For more information, visit ufpt.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260604211242/en/

Alpha Metallurgical Resources, Inc. (NYSE: AMR - Get Free Report) Director Kenneth Courtis bought 10,000 shares of the company's stock in a transaction dated Wednesday, March 11th. The stock was purchased at an average price of $186.87 per share, with a total value of $1,868,700.00. Following the completion of the transaction, the director directly owned 866,537

Kenneth S. Courtis, a director of Alpha Metallurgical Resources, reported the purchase of 10,000 shares in multiple open-market transactions on March 11, 2026, according to a recent SEC Form 4 filing.

Transaction summaryMetricValueShares traded10,000Transaction value~$1.87 millionPost-transaction common shares (direct)866,537Post-transaction value (direct ownership)~$162.52 millionTransaction value based on SEC Form 4 weighted average purchase price ($186.87); post-transaction value based on March 11, 2026 market close (price not provided in source).

Key questionsHow does this transaction compare to Kenneth S. Courtis's historical trading activity?
This purchase is closely aligned with the median size of his recent buy and sell trades, with the 10,000-share acquisition closely approximating the 10,621-share median for all event types over his 20 reported trades since May 2023.What was the market context around the time of this transaction?
Shares of Alpha Metallurgical Resources closed at $187.55 on March 11, 2026, up from an open of $179.75, while the company recorded a one-year total return of 48% as of that date.What is the current scale of Courtis's direct ownership after this transaction?
Following the purchase, Courtis directly holds 866,537 shares, valued at approximately $162.52 million using the March 11, 2026 closing price.Company overviewMetricValuePrice (as of market close March 11, 2026)$186.87Market capitalization$2.41 billionRevenue (TTM)$2.13 billion1-year price change48%* 1-year performance calculated using March 11, 2026 as the reference date.

Company snapshotAlpha Metallurgical Resources produces, processes, and sells metallurgical and thermal coal, operating multiple active mines and coal preparation facilities in Virginia and West Virginia.The firm generates revenue primarily through the extraction and sale of coal products to both domestic and international markets, with a focus on supplying the steel and power generation industries.Its main customers include steel producers, utility companies, and industrial users requiring high-quality coal for energy and manufacturing applications.Alpha Metallurgical Resources operates at scale as a leading U.S. coal producer, leveraging a diversified portfolio of mining assets and preparation plants. The company’s strategy centers on supplying metallurgical coal to the steel industry and thermal coal to power generators, emphasizing operational efficiency and market responsiveness. Its competitive edge lies in its established presence in key Appalachian coal basins and its ability to serve both domestic and international demand.

What this transaction means for investorsThis purchase seems like a conviction-driven move amid a broader pattern of buying, and the roughly 20% stock surge since the buying seems to suggest the move was smart.

Under the hood, Alpha Metallurgical Resources reported a net loss of $17.3 million in the fourth quarter, while its Adjusted EBITDA came in at $28.5 million, reflecting the tough metallurgical coal pricing environment through much of 2025. However, there’s a glimmer of hope as pricing improved toward the end of the quarter, with management hinting at more favorable conditions heading into early 2026. The firm’s balance sheet is also a strong point, boasting around $524 million in liquidity and minimal long-term debt, plus they’ve been actively returning capital through a hefty $1.5 billion buyback program.

Ultimately, the key takeaway here is that this investment remains a cyclical play tied to steel demand and coal prices, and the insider buying here following a 48% annual gain, coupled with an additional 20% uptick after the purchase, suggests management sees more upside.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Posted by Defense World Staff on Apr 6th, 2026

Alpha Metallurgical Resources (NYSE:AMR – Get Free Report) and Lifezone Metals (NYSE:LZM – Get Free Report) are both basic materials companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, valuation, earnings, profitability, analyst recommendations, risk and institutional ownership.

Analyst Recommendations This is a summary of recent ratings and price targets for Alpha Metallurgical Resources and Lifezone Metals, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Alpha Metallurgical Resources 2 4 0 0 1.67 Lifezone Metals 1 0 1 0 2.00 Alpha Metallurgical Resources currently has a consensus price target of $196.00, indicating a potential downside of 6.25%. Lifezone Metals has a consensus price target of $7.00, indicating a potential upside of 88.98%. Given Lifezone Metals’ stronger consensus rating and higher possible upside, analysts clearly believe Lifezone Metals is more favorable than Alpha Metallurgical Resources.

Insider and Institutional Ownership 84.3% of Alpha Metallurgical Resources shares are held by institutional investors. 16.0% of Alpha Metallurgical Resources shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Earnings & Valuation This table compares Alpha Metallurgical Resources and Lifezone Metals”s revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Alpha Metallurgical Resources $2.13 billion 1.25 -$61.69 million ($4.74) -44.11 Lifezone Metals $1.06 million 298.80 -$13.63 million ($4.67) -0.79 Lifezone Metals has lower revenue, but higher earnings than Alpha Metallurgical Resources. Alpha Metallurgical Resources is trading at a lower price-to-earnings ratio than Lifezone Metals, indicating that it is currently the more affordable of the two stocks.

Profitability This table compares Alpha Metallurgical Resources and Lifezone Metals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Alpha Metallurgical Resources -2.90% -3.88% -2.63% Lifezone Metals N/A N/A N/A Risk & Volatility Alpha Metallurgical Resources has a beta of 0.73, meaning that its share price is 27% less volatile than the S&P 500. Comparatively, Lifezone Metals has a beta of 0.78, meaning that its share price is 22% less volatile than the S&P 500.

Summary Lifezone Metals beats Alpha Metallurgical Resources on 11 of the 14 factors compared between the two stocks.

About Alpha Metallurgical Resources (Get Free Report)

Alpha Metallurgical Resources, Inc., a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc. and changed its name to Alpha Metallurgical Resources, Inc. in February 2021. Alpha Metallurgical Resources, Inc. was incorporated in 2016 and is headquartered in Bristol, Tennessee.

About Lifezone Metals (Get Free Report)

Lifezone Metals Limited engages in the extraction and refining of metals. It supplies lower-carbon and sulfur dioxide emission metals to the battery storage, EV, and hydrogen markets. The company’s products include nickel, copper, and cobalt. Its flagship project is the Kabanga nickel project in North-West Tanzania. The company is based in Ramsey, Isle of Man.

Receive News & Ratings for Alpha Metallurgical Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alpha Metallurgical Resources and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEHead to Head Analysis: Royal Gold (NASDAQ:RGLD) & American International Ventures (OTCMKTS:AIVN)

NEXT HEADLINE »Brokerages Set AngloGold Ashanti PLC (NYSE:AU) Price Target at $100.33

, /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, today announced preliminary financial results for the first quarter ending March 31, 2026. The company plans to release its definitive first quarter financial results on May 8, 2026.

(millions, except per share)

Three months ended

Mar. 31, 2026

Net loss

($11.0)

Net loss per diluted share

($0.86)

Adjusted EBITDA(1)

$30.0

Tons of coal sold

3.6

1. This is a non-GAAP financial measure. A reconciliation of Net loss to Adjusted EBITDA is included in tables accompanying the financial schedules.

"As discussed in February on our most recent earnings call, lower volumes and higher costs negatively impacted our first quarter 2026 results," said Andy Eidson, Alpha's chief executive officer. "With a planned month-long outage for equipment upgrades at Dominion Terminal Associates, our Q1 shipments were lower than our anticipated quarterly cadence for the balance of the calendar year. Additionally, we expected to incur elevated costs in the first quarter, primarily due to repair and maintenance needs across the portfolio. Elevated supply costs, such as the significant increase in diesel pricing since the start of the year, also contributed to a higher cost of coal sales for the quarter. Despite our prior communication of these anticipated headwinds, consensus expectations for the quarter did not reflect these realities, which is why we are offering today's preliminary results ahead of our definitive earnings disclosures in early May. We look forward to providing additional context about our Q1 results and 2026 expectations at that time."

Preliminary Financial Performance

Alpha expects to report a net loss of $11.0 million, or $0.86 per diluted share, for the first quarter 2026.

For the first quarter, total Adjusted EBITDA was $30.0 million. 

Coal Revenues

(millions)

Three months ended

Mar. 31, 2026

Met segment

$523.5

Met segment (excl. freight & handling)(1)

$447.3

Tons Sold

(millions)

Three months ended

Mar. 31, 2026

Met segment

3.6

1. Represents Non-GAAP coal revenues which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."

Coal Sales Realization(1)

(per ton)

Three months ended

Mar. 31, 2026

Met segment

$124.39

1. Represents Non-GAAP coal sales realization which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."

First quarter net realized pricing for the Met segment was $124.39 per ton.

The table below provides a breakdown of our Met segment coal sold in the first quarter by pricing mechanism.

(in millions, except per ton data)

Met Segment Sales

Three months ended Mar. 31, 2026

Tons Sold

Coal Revenues

Realization/ton(1)

% of Met Tons Sold

Domestic

0.8

$111.1

$137.27

24 %

Export - Australian indexed

1.1

$162.3

$144.95

33 %

Export - other pricing mechanisms

1.4

$157.0

$110.32

43 %

Total Met coal revenues

3.4

$430.4

$128.40

100 %

Thermal coal revenues

0.2

$16.9

$69.41

Total Met segment coal revenues
(excl. freight & handling)(1)

3.6

$447.3

$124.39

1. Represents Non-GAAP coal sales realization which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."

Cost of Coal Sales

(in millions, except per ton data)

Three months ended

Mar. 31, 2026

Met segment

$474.4

Met segment (excl. freight & handling/idle)(1)

$388.3

(per ton)

Met segment(1)

$107.98

1. Represents Non-GAAP cost of coal sales and Non-GAAP cost of coal sales per ton which are defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."

Liquidity and Capital Resources

As of March 31, 2026, the company had total liquidity of $476.2 million, including cash and cash equivalents of $317.2 million, short-term investments of $49.6 million, and $184.3 million of unused availability under the asset-based revolving credit facility (ABL), partially offset by a minimum required liquidity of $75.0 million as required by the ABL. As of March 31, 2026, the company had no borrowings and $40.7 million in letters of credit outstanding under the ABL. Total long-term debt, including the current portion of long-term debt as of March 31, 2026, was $12.2 million.

Share Repurchase Program

As previously announced, Alpha's board of directors authorized a share repurchase program allowing for the expenditure of up to $1.5 billion for the repurchase of the company's common stock. As of March 31, 2026, the company had acquired approximately 7.0 million shares of common stock at a cost of approximately $1.2 billion since the start of the program. During the first quarter of 2026, the company spent approximately $17.5 million for the repurchase of roughly 87,000 shares. The number of common stock shares outstanding as of March 31, 2026 was 12,752,824, not including the potential effect of unvested equity awards.

The timing and amount of share repurchases will be based on various factors, including but not limited to market conditions, the trading price of the stock, applicable legal requirements, compliance with the provisions of the company's debt agreements, and other factors.

Note About Preliminary Results

The financial results presented in this release are preliminary and may change. This preliminary financial information includes calculations or figures that have been prepared internally by management. There can be no assurance that the Company's actual results for the periods presented herein will not differ from the preliminary financial results presented herein, and such changes could be material. These preliminary financial results should not be viewed as a substitute for full financial statements prepared in accordance with GAAP and are not necessarily indicative of the results to be achieved for any future periods. This preliminary financial information could be impacted by the effects of the Company's financial closing procedures, final adjustments, and other developments.

Earnings Announcement and Conference Call 

The company plans to announce its definitive first quarter 2026 financial results before the market opens on Friday, May 8, 2026. The company also expects to hold a conference call regarding its first quarter 2026 results on May 8, 2026, at 10:00 a.m. Eastern time. The conference call will be available live on the investor section of the company's website at https://alphametresources.com/investors. Analysts who would like to participate in the conference call should dial 877-407-0832 (domestic toll-free) or 201-689-8433 (international) approximately 15 minutes prior to start time.

About Alpha Metallurgical Resources

Alpha Metallurgical Resources (NYSE: AMR) is a Tennessee-based mining company with operations across Virginia and West Virginia. With customers across the globe, high-quality reserves and significant port capacity, Alpha reliably supplies metallurgical products to the steel industry. For more information, visit www.AlphaMetResources.com.

Forward-Looking Statements

This news release includes forward-looking statements. These forward-looking statements are based on Alpha's expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Alpha's control. Forward-looking statements in this news release or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Alpha to predict these events or how they may affect Alpha. Except as required by law, Alpha has no duty to, and does not intend to, update or revise the forward-looking statements in this news release or elsewhere after the date this release is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this news release may not occur. See Alpha's filings with the U.S. Securities and Exchange Commission for more information.

FINANCIAL TABLES FOLLOW

Non-GAAP Financial Measures

The discussion below contains "non-GAAP financial measures." These are financial measures that either exclude or include amounts that are not excluded or included in the most directly comparable measures calculated and presented in accordance with generally accepted accounting principles in the United States ("U.S. GAAP" or "GAAP"). Specifically, we make use of the non-GAAP financial measures "Adjusted EBITDA," "non-GAAP coal revenues," "non-GAAP cost of coal sales," and "non-GAAP coal margin." In addition to net income (loss), we use Adjusted EBITDA to measure the operating performance of our reportable segment. Adjusted EBITDA does not purport to be an alternative to net income (loss) as a measure of operating performance or any other measure of operating results, financial performance, or liquidity presented in accordance with GAAP. Moreover, this measure is not calculated identically by all companies and therefore may not be comparable to similarly titled measures used by other companies. Adjusted EBITDA is presented because management believes it is a useful indicator of the financial performance of our coal operations. We use non-GAAP coal revenues to present coal revenues generated, excluding freight and handling fulfillment revenues. Non-GAAP coal sales realization per ton for our operations is calculated as non-GAAP coal revenues divided by tons sold. We use non-GAAP cost of coal sales to adjust cost of coal sales to remove freight and handling costs, depreciation, depletion and amortization - production (excluding the depreciation, depletion and amortization related to selling, general and administrative functions), accretion on asset retirement obligations, amortization of acquired intangibles, net, and idled and closed mine costs. Non-GAAP cost of coal sales per ton for our operations is calculated as non-GAAP cost of coal sales divided by tons sold. Non-GAAP coal margin per ton for our coal operations is calculated as non-GAAP coal sales realization per ton for our coal operations less non-GAAP cost of coal sales per ton for our coal operations. The presentation of these measures should not be considered in isolation, or as a substitute for analysis of our results as reported under GAAP.

Management uses non-GAAP financial measures to supplement GAAP results to provide a more complete understanding of the factors and trends affecting the business than GAAP results alone. The definition of these non-GAAP measures may be changed periodically by management to adjust for significant items important to an understanding of operating trends and to adjust for items that may not reflect the trend of future results by excluding transactions that are not indicative of our core operating performance. Furthermore, analogous measures are used by industry analysts to evaluate the Company's operating performance. Because not all companies use identical calculations, the presentations of these measures may not be comparable to other similarly titled measures of other companies and can differ significantly from company to company depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which companies operate, capital investments and other factors.

Included below are reconciliations of non-GAAP financial measures to GAAP financial measures.

ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIES

ADJUSTED EBITDA RECONCILIATION

(Amounts in thousands)

Three Months Ended

March 31, 2026

Net loss

$             (11,032)

Interest expense

841

Interest income

(4,206)

Income tax benefit

(5,326)

Depreciation, depletion, and amortization

39,926

Non-cash stock compensation expense

3,736

Accretion on asset retirement obligations

5,215

Amortization of acquired intangibles

876

Adjusted EBITDA

$               30,030

ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIES

RESULTS OF OPERATIONS

Three Months Ended

(In thousands, except for per ton data)

March 31, 2026

Coal revenues

$                  523,533

Less: freight and handling fulfillment revenues

(76,214)

Non-GAAP coal revenues

$                  447,319

Non-GAAP coal sales realization per ton

$                    124.39

Cost of coal sales (exclusive of items shown separately below)

$                  474,389

Depreciation, depletion and amortization - production (1)

39,606

Accretion on asset retirement obligations

5,215

Amortization of acquired intangibles

876

Total cost of coal sales

$                  520,086

Less: freight and handling costs

(76,214)

Less: depreciation, depletion and amortization - production (1)

(39,606)

Less: accretion on asset retirement obligations

(5,215)

Less: amortization of acquired intangibles

(876)

Less: idled and closed mine costs

(9,872)

Non-GAAP cost of coal sales

$                  388,303

Non-GAAP cost of coal sales per ton

$                    107.98

GAAP coal margin

$                      3,447

GAAP coal margin per ton

$                        0.96

Non-GAAP coal margin

$                    59,016

Non-GAAP coal margin per ton

$                      16.41

Tons sold

3,596

(1)

Depreciation, depletion and amortization - production excludes the depreciation, depletion and amortization related to selling, general and administrative functions.

Three Months Ended March 31, 2026

(In thousands, except for per ton data)

Tons Sold

Coal Revenues

Non-GAAP
Coal sales
realization per
ton

% of Met Tons
Sold

Domestic

809

$       111,053

$         137.27

24 %

Export - Australian indexed

1,120

162,348

$         144.95

33 %

Export - other pricing mechanisms

1,423

156,981

$         110.32

43 %

Total Met segment - met coal

3,352

430,382

$         128.40

100 %

Met segment - thermal coal

244

16,937

$           69.41

Non-GAAP coal revenues

3,596

447,319

$         124.39

Add: freight and handling fulfillment revenues

—

76,214

Coal revenues

3,596

$       523,533

INVESTOR & MEDIA CONTACT: EMILY O'QUINN
[email protected] 
[email protected] 
(423) 573-0369

SOURCE ALPHA METALLURGICAL RESOURCES, INC.