Track market-moving stories before they get noisy

All too often, dividend stories start with a beaten-down stock and a nervous question about whether the payout can survive. Johnson & Johnson (JNJ +0.42%) is the opposite case. The healthcare giant raised its dividend for the 64th year in a row, and the payout looks about as secure as any in the market. The complication is the stock: shares have climbed more than 60% over the past year and trade within a few percent of an all-time high, closing near $257 as of this writing.

So the question worth asking isn't whether the dividend is safe. It is probably about as safe as dividend stocks get. Instead, the question is whether the stock is still worth buying after a run like that.

Image source: Getty Images.

The dividend isn't the worry In April, Johnson & Johnson's board lifted the quarterly dividend 3.1% to $1.34 per share, or $5.36 a year. That was its 64th straight annual increase -- a streak that makes it a Dividend King, the name for companies that have raised their payout for at least 50 years (consecutively) running. At the current share price, the dividend yields about 2.1%.

More telling than the yield is how comfortably the company covers it. The $5.36 annual payout eats up only about 46% of the non-GAAP (adjusted) earnings Johnson & Johnson expects to earn this year, so there's room for the dividend to keep climbing even if profits flatten. Backing all of it is one of the strongest balance sheets anywhere: Johnson & Johnson is one of only two U.S. companies S&P rates AAA -- a notch above the U.S. government itself -- a distinction it shares only with Microsoft.

Today's Change

(

0.42

%) $

1.09

Current Price

$

258.07

The obvious risk is the talc litigation that has weighed on the company for years. Johnson & Johnson still faces tens of thousands of lawsuits alleging its talc-based baby powder caused ovarian cancer. A judge rejected the company's proposed $10 billion settlement early last year, sending the claims back into the court system to be fought out at trial. That's a cash overhang and a steady source of unflattering headlines. But for a company that generates far more cash than it pays out and carries a top-tier balance sheet, it reads as a manageable liability rather than a threat to the dividend.

The discount is what's gone Here's why the stock has climbed so far: the fear that drove its discount has faded.

For a while, investors braced for a painful patent cliff. Stelara, which at its peak sold more than $10 billion a year, is losing sales fast to cheaper biosimilar competition; its revenue fell about 60% year over year to $656 million in the first quarter of 2026. But the rest of the drug portfolio is more than making up the difference.

Total revenue in the quarter still rose 9.9% to $24.1 billion, led by the innovative medicine segment. Cancer drug Darzalex climbed about 22% to nearly $4 billion, and Tremfya -- the immunology drug Johnson & Johnson is steering patients toward -- jumped 68% to about $1.6 billion. Newer additions like Caplyta, gained in last year's Intra-Cellular Therapies acquisition, are helping too.

Given this backdrop, management was confident enough to raise its full-year guidance, calling for adjusted earnings per share of about $11.55.

Overall, John & Johnson offers a safe and growing dividend, a drug business that's outgrowing its patent cliff, and litigation that looks contained.

A year ago, worries about talc and Stelara left Johnson & Johnson trading at a discount to the broader market. Today, at a price-to-earnings ratio of about 22 based on that guidance. With a valuation like this, the easy part of the return -- the piece that came from a depressed valuation working its way back to normal -- is probably alrady in the rearview mirror.

So, is the stock a buy?

Johnson & Johnson is a wonderful business and an excellent stock to own for durable, growing income. And long-term holders have no reason to sell. But for new money, I'd rather wait for a pullback -- or for a few more quarters of the pipeline growing into the price -- than pay a premium for a stock whose discount has already closed.

AstraZeneca PLC (LSE:AZN, NASDAQ:AZN) has agreed to pay $600 million upfront to secure worldwide rights to a lung cancer pill developed by China's Dizal Pharmaceutical.

The Cambridge-based drugmaker could pay a further $900 million if the treatment hits certain development, regulatory and sales targets.

Dizal will also receive a share of future global sales.

The drug, sold under the brand name Zegfrovy, is a once-daily tablet that treats a common form of lung cancer.

It targets non-small cell lung cancer, which accounts for around 80% to 85% of all lung cancer cases.

Specifically, it is designed for patients whose tumours carry a genetic fault known as an exon 20 insertion mutation, an error in the DNA that helps drive cancer growth.

Such patients have historically had few targeted treatment options.

The pill works by blocking a protein called EGFR, which sits on the surface of cells and can fuel the growth of tumours when it malfunctions.

Zegfrovy is already approved in the United States and China for patients whose cancer has returned after standard chemotherapy.

The deal hands AstraZeneca the rights to sell and further develop the drug everywhere else in the world.

Dave Fredrickson, who runs AstraZeneca's oncology business, said the treatment would give patients with limited options a differentiated oral therapy.

Xiaolin Zhang, chief executive of Dizal, said the larger partner would help bring the drug, discovered by Chinese scientists, to patients globally.

The agreement adds to AstraZeneca's existing stable of lung cancer medicines, which includes its blockbuster tablet Tagrisso.

Dizal recently reported positive results from a late-stage trial testing Zegfrovy as a first treatment for newly diagnosed patients, rather than only after chemotherapy has failed.

Those findings were presented at a major cancer conference and published in the New England Journal of Medicine.

On the strength of that data, applications to expand the drug's approved use have been filed with regulators in both the United States and China.

The transaction is expected to complete in the second half of 2026, subject to regulatory clearance.

AstraZeneca said the deal would not affect its financial guidance for the year.

Lung cancer remains the leading cause of cancer death worldwide, accounting for roughly one in five such deaths.

GUADALAJARA, Mexico, July 14, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) reports its consolidated results for the second quarter ended June 30, 2026 (2Q26). The results presented in this report include the effects of the business combination effective May 1, 2026. The figures are unaudited and have been prepared following International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).

Summary of Results 2Q26 vs. 2Q25

The sum of aeronautical and non-aeronautical services revenues increased by Ps. 399.0 million, or 4.9%. Total revenues increased by Ps. 407.7 million, or 3.7%.Cost of services increased by Ps. 360.7 million, or 23.2%.Income from operations increased by Ps. 407.6 million, or 8.9%.EBITDA increased by Ps. 462.0 million, or 8.4%, an increase from Ps. 5,503.3 million in 2Q25 to Ps. 5,965.3 million in 2Q26. EBITDA margin (excluding the effects of IFRIC-12) went from 67.1% in 2Q25 to 69.3% in 2Q26. Comprehensive income increased by Ps. 215.4 million, or 9.6%, from an income of Ps. 2,234.9 million in 2Q25 to an income of Ps. 2,450.3 million in 2Q26.
Business Combination:

Effective May 1, 2026, the Company began recognizing the effects of the business combination involving the Cross Border Xpress (“CBX”) operations and the internalization of technical assistance and technology transfer services approved by the Extraordinary General Shareholders’ Meeting held on December 11, 2025, following the execution of the merger agreement on April 30, 2026. As a result of the merger, GAP issued 89,740,731 new net shares and currently has 595,018,195 shares outstanding, consisting of 519,226,576 Series B shares and 75,791,619 Series BB shares. In addition, the equity purchase agreement for the acquisition of the remaining 25% equity interest in CBX was completed, resulting in GAP consolidating 100% ownership of this business. Following the effectiveness of the merger, GAP assumed control of the merged entities to ensure the continuity of service provision, as well as the operation and management of CBX.

The business combination resulted in an increase in cash and cash equivalents of Ps. 5,427.1 million, accounts receivable of Ps. 86.7 million, intangible assets of Ps. 6,899.8 million, goodwill of Ps. 30,803.3 million, and machinery, equipment and improvements to leased buildings of Ps. 2,325.1 million, and the acquisition of OTV land for US$50.0 million (equivalent to Ps. 935.0 million). It also resulted in the recognition of liabilities, primarily comprising bank loans of Ps. 1,305.4 million, unrealized revenue of Ps. 337.7 million, accounts payable of Ps. 234.4 million, and deferred income tax of Ps. 216.9 million.

Based on the Company’s assessment, the merger qualifies as a business combination. Accordingly, the excess of the consideration transferred over the book value of the net assets acquired was recognized as non-current assets in the form of goodwill and identifiable intangible assets.

The Company is currently in the process of determining the fair values arising from the business combination. Accordingly, the amounts presented in the consolidated financial statements included in this report are preliminary and remain subject to change.

Passenger Traffic

During 2Q26, the 14 airports operated by GAP recorded a decrease of 891.6 thousand total passengers, representing a 5.6% decrease compared to 2Q25.

During this period, the following new routes were inaugurated:

Domestic

AirlineDepartureArrivalOpening dateFrequenciesVolarisGuadalajaraQueretaroJune 1, 20264 weeklyVolarisGuadalajaraReynosaJune 1, 20261 dailyVolarisGuadalajaraSan Luis PotosiJune 1, 20263 weeklyVolarisLos CabosPueblaJune 1, 20264 weeklyVolarisGuanajuatoPueblaJune 1, 20264 weeklyVolarisTijuanaMeridaJune 1, 20264 weeklyAerusAguascalientesMonterreyJune 1, 20266 weeklyVolarisGuadalajaraZacatecasJune 2, 20263 weeklyVolarisPuerto VallartaPueblaJune 2, 20263 weeklyVolarisPuerto VallartaAguascalientesJune 2, 20263 weeklyVolarisPuerto VallartaSan Luis PotosiJune 2, 20264 weeklyVolarisTijuanaPuerto EscondidoJune 2, 20263 weeklyVolarisAguascalientesPueblaJune 2, 20263 weeklyVolarisAguascalientesPuerto VallartaJune 2, 20263 weeklyVivaAguascalientesSanta LuciaJune 15, 20261 dailyNote: Frequencies can vary without prior notice.  International         AirlineDepartureArrivalOpening dateFrequenciesVolarisGuadalajaraSalt Lake CityJune 1, 20263 weeklyVolarisGuadalajaraDetroitJune 1, 20263 weeklySouthwestLos CabosLas VegasJune 4, 20261 dailyWingoMontego BayMedellinJune 23, 20263 weeklyNote: Frequencies can vary without prior notice.   Domestic Terminal Passengers – 14 airports (in thousands): 

Airport2Q252Q26Change6M256M26ChangeGuadalajara3,090.93,186.03.1%6,112.16,221.61.8%Tijuana *2,139.21,973.6(7.7%)4,196.73,942.2(6.1%)Los Cabos739.7723.3(2.2%)1,408.61,351.6(4.0%)Puerto Vallarta830.4779.2(6.2%)1,484.01,424.0(4.0%)Montego Bay0.00.00.0%0.00.00.0%Guanajuato576.8533.8(7.4%)1,092.31,044.7(4.4%)Hermosillo545.5497.2(8.9%)1,054.2977.8(7.3%)Kingston0.10.152.4%0.20.8417.5%Morelia173.1171.9(0.7%)359.2364.71.5%Mexicali305.7266.5(12.8%)598.8524.3(12.4%)La Paz328.1357.79.0%608.7671.510.3%Aguascalientes167.4160.8(3.9%)319.2299.7(6.1%)Los Mochis179.4175.5(2.1%)344.4338.8(1.6%)Manzanillo31.428.6(8.7%)66.161.3(7.3%)Total9,107.68,854.3(2.8%)17,644.517,222.8(2.4%)       International Terminal Passengers – 14 airports (in thousands):     Airport2Q252Q26Change6M256M26ChangeGuadalajara1,387.21,498.98.1%2,894.22,991.13.3%Tijuana *1,051.8950.1(9.7%)2,066.71,847.7(10.6%)Los Cabos1,224.41,084.3(11.4%)2,607.32,457.0(5.8%)Puerto Vallarta849.1619.0(27.1%)2,321.61,897.9(18.2%)Montego Bay1,264.7991.9(21.6%)2,603.61,909.3(26.7%)Guanajuato252.7222.1(12.1%)515.7480.0(6.9%)Hermosillo19.221.311.2%40.143.37.9%Kingston453.5435.4(4.0%)881.5850.2(3.6%)Morelia155.9191.823.1%330.1407.423.4%Mexicali1.81.92.1%3.63.72.7%La Paz8.912.743.7%17.625.344.1%Aguascalientes82.585.03.0%156.2162.23.9%Los Mochis2.02.28.1%3.94.02.7%Manzanillo18.316.8(8.2%)62.253.0(14.7%)Total6,771.86,133.4(9.4%)14,504.213,132.1(9.5%) *CBX users are classified as international passengers.        Total Terminal Passengers – 14 airports (in thousands): Airport2Q252Q26Change6M256M26ChangeGuadalajara4,478.14,684.94.6%9,006.39,212.72.3%Tijuana *3,191.02,923.7(8.4%)6,263.35,789.8(7.6%)Los Cabos1,964.01,807.6(8.0%)4,015.93,808.6(5.2%)Puerto Vallarta1,679.51,398.2(16.7%)3,805.63,321.9(12.7%)Montego Bay1,264.7991.9(21.6%)2,603.61,909.3(26.7%)Guanajuato829.4756.0(8.9%)1,608.11,524.6(5.2%)Hermosillo564.7518.5(8.2%)1,094.31,021.1(6.7%)Kingston453.5435.5(4.0%)881.7851.0(3.5%)Morelia329.0363.710.6%689.3772.112.0%Mexicali307.5268.4(12.7%)602.4528.0(12.4%)La Paz337.0370.49.9%626.3696.811.3%Aguascalientes249.8245.8(1.6%)475.3461.9(2.8%)Los Mochis181.4177.7(2.0%)348.3342.8(1.6%)Manzanillo49.745.4(8.5%)128.3114.4(10.9%)Total15,879.414,987.7(5.6%)32,148.730,354.9(5.6%) *CBX users are classified as international passengers. 
        CBX Users (in thousands):      Airport2Q252Q26Change6M256M26ChangeTijuana1,031.4935.9(9.3%)2,029.61,822.2(10.2%) Consolidated Results for the Second Quarter (in thousands of pesos):      2Q252Q26ChangeRevenues   Aeronautical services5,763,188 5,578,099 (3.2%)Non-aeronautical services2,442,659 3,026,714 23.9%Improvements to concession assets (IFRIC-12)2,676,149 2,684,897 0.3%Total revenues10,881,996 11,289,710 3.7%    Operating costs   Costs of services:1,556,035 1,916,778 23.2%Employee costs638,722 769,895 20.5%Maintenance256,830 316,554 23.3%Safety, security & insurance232,516 260,363 12.0%Utilities148,732 149,214 0.3%Professional services58,332 84,772 45.3%Business operated directly by us86,632 99,427 14.8%Other operating expenses134,271 166,061 23.7%CBX operating expenses- 70,492 100.0%    Technical assistance fees221,680 (264,685)(219.4%)Concession taxes935,280 915,543 (2.1%)Depreciation and amortization924,959 979,420 5.9%Cost of improvements to concession assets (IFRIC-12)2,676,149 2,684,897 0.3%Other (income)(10,461)71,837 (786.7%)Total operating costs6,303,642 6,303,790 0.0%Income from operations4,578,354 4,985,920 8.9%Financial Result(733,545)(946,284)29.0%Income before income taxes 3,844,809 4,039,636 5.1%Income taxes(1,189,674)(1,146,127)(3.7%)Net income 2,655,135 2,893,509 9.0%Currency translation effect(423,527)(443,277)4.7% Cash flow hedges, net of income tax2,668 - (100.0%)Remeasurements of employee benefit – net income tax667 69 (89.7%)Comprehensive income 2,234,943 2,450,301 9.6%Non-controlling interest(90,951)(102,859)13.1%Comprehensive income attributable to controlling interest2,143,992 2,347,442 9.5%         2Q252Q26ChangeEBITDA5,503,313 5,965,340 8.4%Comprehensive income2,234,943 2,450,301 9.6%Comprehensive income per share (pesos)4.4232 4.1180 (6.9%)Comprehensive income per ADS (US dollars)2.5349 2.3600 (6.9%)    Operating income margin42.1%44.2%5.0%Operating income margin (excluding IFRIC-12)55.8%57.9%3.9%EBITDA margin50.6%52.8%4.5%EBITDA margin (excluding IFRIC-12)67.1%69.3%3.4%Costs of services and improvements / total revenues38.6%40.8%5.6%Cost of services / total revenues (excluding IFRIC-12)18.6%22.3%20.1%         - Net income and comprehensive income per share for 2Q26 and 2Q25 were calculated based on 595,018,195 shares outstanding as of June 30, 2026, and 505,277,464 as of June 30, 2025, respectively. Figures in U.S. dollar were converted from pesos using an exchange rate of Ps. 17.4490 per U.S. dollar, as published by the U.S. Federal Reserve Board (noon buying rate) on June 30, 2026.

- For consolidating the Jamaican airports, an average exchange rate of Ps. 17.4052 per U.S. dollar was used, corresponding to the three-month period ended June 30, 2026.

Revenues (2Q26 vs. 2Q25)

Aeronautical services revenues decreased by Ps. 185.1 million, or 3.2%.Non-aeronautical services revenues increased by Ps. 584.1 million, or 23.9%.Revenues from improvements to concession assets increased by Ps. 8.7 million, or 0.3%.Total revenues increased by Ps. 407.7 million, or 3.7%. The change in aeronautical services revenues was primarily due to the following factors:

Revenues from the Mexican airports decreased by Ps. 32.2 million, or 0.7%, compared to 2Q25. This decrease was mainly due to a 4.2% decline in passenger traffic and a 10.9% appreciation of the Mexican peso, which directly affected revenues generated from international passenger charges. This effect was partially offset by the gradual implementation of the maximum tariffs approved for the 2025–2029 regulatory period. Revenues from the Jamaican airports decreased by Ps. 152.9 million, or 18.3%, compared to 2Q25, mainly due to a 16.9% decrease in passenger traffic during the quarter, resulting from the impact of Hurricane Melissa. In addition, the 10.9% appreciation of the Mexican peso against the U.S. dollar negatively affected the translation of revenues. The change in non-aeronautical services revenues was primarily driven by the following factors:

Revenues from the Mexican airports increased by Ps. 164.8 million, or 7.7%, compared to 2Q25. Revenues from businesses operated directly by us increased by Ps. 190.1 million, or 17.0%, while revenues from businesses operated by third parties decreased by Ps. 25.3 million, or 2.7%. Revenues from the Jamaican airports decreased by Ps. 48.9 million, or 54.4%, compared to 2Q25, primarily due to the decline in passenger traffic and the peso appreciation in the 2Q26. Total revenues generated by CBX during May and June amounted to Ps. 468.1 million, equivalent to US$26.8 million. During this period, a total of 626,424 passengers used the facility in both directions, generating an average revenue of US$42.8 per passenger. Non-aeronautical revenues for the Second Quarter (in thousands of pesos):

 2Q252Q26ChangeBusinesses operated by third parties:   Food and beverage342,679327,724(4.4%)Car rental211,128213,1721.0%Duty-free208,160170,593(18.0%)Retail191,431184,517(3.6%)Leasing of space112,970106,839(5.4%)Timeshares67,81862,489(7.9%)Ground transportation51,19646,881(8.4%)Other commercial revenues59,01061,3984.0%Communications and financial services28,83827,285(5.4%)Total1,273,2291,200,897(5.7%)    Businesses operated directly by us:   Cargo operation and bonded warehouse514,113627,03922.0%CBX revenues-468,099100.0%Car parking177,872194,0919.1%Convenience stores161,588179,86011.3%VIP Lounges168,321156,011(7.3%)Advertising43,36668,54658.1%Hotel operation36,88246,74526.7%Other businesses operated directly by us-16,931100.0%Total1,102,1411,757,32259.4%Recovery of costs67,28968,4931.8%Total Non-aeronautical Revenues 2,442,6593,026,71223.9% Figures expressed in thousands of Mexican pesos.         ‐                Revenues from improvements to concession assets 1

Revenues from improvements to concession assets (IFRIC-12) increased by Ps. 8.7 million, or 0.3%, compared to 2Q25. The change was composed of:

Improvements to concession assets at the Company’s Mexican airports, decreased by Ps.171.8 million, or 6.6%, in line with the investments committed under the Master Development Program for the 2025–2029 period. Improvements to concession assets at the Company’s Jamaican airports, which increased by Ps. 180.5 million, or 220.4%, primarily due to investments at Kingston Airport. 1 Revenues from improvements to concession assets are recognized in accordance with International Financial Reporting Interpretation Committee 12 “Service Concession Arrangements” (IFRIC 12). However, this recognition does not have a cash impact or impact on the Company’s operating results. Amounts included as a result of the recognition of IFRIC 12 are related to construction of infrastructure in each quarter to which the Company has committed. This is in accordance with the Company’s Master Development Programs in Mexico and Capital Development Programs in Jamaica. All margins and ratios calculated using “Total Revenues” include revenues from improvements to concession assets (IFRIC 12), and, consequently, such margins and ratios may not be comparable to other ratios and margins, such as EBITDA margin, operating margin or other similar ratios that are calculated based on those results of the Company that do have a cash impact.

Total operating costs remained flat compared to 2Q25, mainly due to the decrease in technical assistance fees of Ps. 486.4 million, or 219.4%, and concession fees of Ps. 19.7 million, or 2.1%. These decreases were offset by higher cost of services of Ps. 195.1 million, CBX operating expenses of Ps. 177.4 million, and non-recurring merger-related expenses of Ps. 118.4 million. Excluding the reversal of the technical assistance provision, the consolidation of CBX, and the non-recurring merger-related expenses, operating expenses increased by Ps. 190.7 million, or 3.0%, compared to 2Q25.

The changes in total operating costs were primarily due to the following factors:

Mexican airports: 

Operating costs decreased by Ps. 260.4 million, or 4.8%, compared to 2Q25, mainly due to the reversal of the technical assistance fee provision of Ps. 486.4 million and a decrease in the cost of improvements to the concession assets (IFRIC-12) of Ps. 171.8 million. This effect was partially offset by an increase in cost of services of Ps. 242.0 million, non-recurring merger-related expenses of Ps. 118.4 million, and depreciation and amortization of Ps. 37.2 million. The change in the cost of services at our Mexican airports during 2Q26 was mainly due to:

Employee costs increased by Ps. 128.5 million, or 22.5%, mainly due to an increase in personnel providing technical assistance services, operational personnel at the airports, salary adjustments, and higher employee benefits resulting from amendments to the Federal Labor Law.Maintenance increased by Ps. 38.1 million, or 17.4%, mainly due to the opening of new operational areas, and airfield maintenance. Other operating expenses increased by Ps. 31.8 million, or 23.7%, mainly due to the recognition of the expected credit loss provision. Safety, security, and insurance increased by Ps. 27.3 million, or 16.1%, mainly due to an increase in security personnel headcount, significant increases in the minimum wage, and higher insurance costs related to goods safeguarded within the bonded warehouse. Jamaican Airports:

Operating expenses increased by Ps. 83.7 million, or 9.4%, compared to 2Q25, mainly due to an increase of Ps. 180.5 million, or 220.4%, in cost of improvements to concession assets (IFRIC-12). This effect was partially offset by a reduction in concession fees of Ps. 88.4 million, or 20.8%, resulting from lower revenues at Montego Bay airport, as well as decreases in depreciation and amortization of Ps. 7.5 million, or 5.1%, and cost of services of Ps. 2.3 million, or 1.0%. Cross Border Xpress:

Beginning May 1, CBX operating expenses of Ps. 177.4 million were consolidated, consisting of cost of services of Ps. 152.3 million, and depreciation and amortization of Ps. 25.1 million, corresponding to two months of operations. Operating income margin increased from 42.1% in 2Q25 to 44.2% in 2Q26. Excluding the effects of IFRIC-12, the operating income margin increased from 55.8% in 2Q25 to 57.9% in 2Q26. Income from operations increased by Ps. 407.6 million, or 8.9%, compared to 2Q25, with CBX contributing Ps. 291.1 million.

EBITDA margin increased from 50.6% in 2Q25 to 52.8% in 2Q26. Excluding the effects of IFRIC-12, EBITDA margin increased from 67.1% in 2Q25 to 69.3% in 2Q26. EBITDA increased by Ps. 462.0 million, or 8.4%, compared to 2Q25. EBITDA margin growth was partially offset by the impact on the Jamaican airports from the appreciation of the Mexican peso and lower passenger traffic. CBX contributed Ps. 315.8 million, with an EBITDA margin of 67.5%.

Financial results increased expenses by Ps. 212.7 million, or 29.0%, going from a net expense of Ps. 733.5 million in 2Q25 to a net expense of Ps. 946.3 million in 2Q26. This change was mainly the result of:

Foreign exchange losses decreased from Ps. 40.3 million in 2Q25 to Ps. 17.3 million in 2Q26, resulting in a favorable variance of Ps. 23.0 million due to the appreciation of the Mexican peso. Additionally, the foreign currency translation effect resulted in a net loss of Ps. 19.8 million. Interest expense increased by Ps. 343.8 million, or 37.6%, compared to 2Q25, mainly due to higher debt incurred to finance airport CAPEX and the acquisition of the remaining 25% interest in CBX, as well as Ps. 13.9 million in financing costs related to the bank loan contracted by CBX and assumed through the business combination. Interest income increased by Ps. 108.1 million, or 53.8%, compared to 2Q25, mainly due to the increase in cash and cash equivalents. In 2Q26, net and comprehensive income increased by Ps. 215.4 million, or 9.6%, compared to 2Q25, mainly driven by income before taxes, which increased by Ps. 194.8 million or 5.1%.

Net income increased by Ps. 238.4 million, or 9.0%, compared to 2Q25. Income tax for the period decreased by Ps. 43.5 million, or 3.7%, comprised of a decrease in current income tax of Ps. 137.7 million and a decrease in the deferred tax benefit of Ps. 94.2 million.

Consolidated Results for the Second Quarter (thousands)
 6M256M26ChangeRevenues   Aeronautical services11,762,321 11,812,569 0.4%Non-aeronautical services4,836,535 5,566,191 15.1%Improvements to concession assets (IFRIC-12)5,338,324 5,280,576 (1.1%)Total revenues21,937,180 22,659,337 3.3%    Operating costs   Costs of services:3,020,338 3,468,349 14.8%Employee costs1,252,084 1,454,119 16.1%Maintenance513,733 577,317 12.4%Safety, security & insurance447,723 493,768 10.3%Utilities273,963 274,227 0.1%Professional services106,063 141,887 33.8%Business operated directly by us173,968 188,956 8.6%Other operating expenses252,803 267,584 5.8%CBX operating expenses- 70,492 100.0%    Technical assistance fees505,580 34,857 (93.1%)Concession taxes1,976,982 1,862,621 (5.8%)Depreciation and amortization1,857,534 1,912,376 3.0%Cost of improvements to concession assets (IFRIC-12)5,338,324 5,280,576 (1.1%)Other (income)(36,145)58,765 (262.6%)Total operating costs12,662,613 12,617,545 (0.4%)Income from operations9,274,567 10,041,792 8.3%Financial Result(1,663,035)(1,669,542)0.4%Income before income taxes 7,611,532 8,372,250 10.0%Income taxes(2,098,280)(2,166,733)3.3%Net income 5,513,252 6,205,518 12.6%Currency translation effect(498,585)(408,156)(18.1%) Cash flow hedges, net of income tax1,892 - (100.0%)Remeasurements of employee benefit – net income tax32,766 18,711 (42.9%)Comprehensive income 5,049,325 5,816,073 15.2%Non-controlling interest(205,878)(241,374)17.2%Comprehensive income attributable to controlling interest4,843,447 5,574,699 15.1%         2Q252Q26ChangeEBITDA11,132,101 11,954,169 7.4%Comprehensive income5,049,325 5,816,073 15.2%Comprehensive income per share (pesos)9.9932 9.7746 (2.2%)Comprehensive income per ADS (US dollars)5.7271 6.5967 15.2%    Operating income margin42.3%44.3%4.8%Operating income margin (excluding IFRIC-12)55.9%57.8%3.4%EBITDA margin50.7%52.8%4.0%EBITDA margin (excluding IFRIC-12)67.1%68.8%2.6%Costs of services and improvements / total revenues38.0%38.6%1.5%Cost of services / total revenues (excluding IFRIC-12)18.1%20.0%10.2%        - Net income and comprehensive income per share for 6M26 and 6M25 were calculated based on 595,018,195 and 505,277,464 shares outstanding, respectively. U.S. dollar figures were converted from pesos using an exchange rate of Ps. 17.4490 per U.S. dollar, as published by the U.S. Federal Reserve Board (noon buying rate) on June 30, 2026.- For the purpose of consolidating Jamaican airports, an average exchange rate of Ps. 17.4815 per U.S. dollar was used, corresponding to the six months ended June 30, 2026.

  Revenues (6M26 vs. 6M25)

Aeronautical services revenues increased by Ps. 50.2 million, or 0.4%.Non-aeronautical services revenues increased by Ps. 729.7 million, or 15.1%.Revenues from improvements to concession assets decreased by Ps. 57.7 million, or 1.1%.Total revenues increased by Ps. 722.2 million, or 3.3%. The change in aeronautical services revenues comprised primarily of the following factors:

Revenues from the Mexican airports increased by Ps. 440.2 million, or 4.4%, compared to 6M25, primarily due to the gradual implementation of the maximum tariffs approved for the 2025–2029 regulatory period. This effect was partially offset by the 12.5% appreciation of the Mexican peso against the U.S. dollar and a 3.7% decline in passenger traffic. Revenues from the Jamaican airports decreased by Ps. 390.0 million, or 22.4%, compared to 6M25, mainly due to a 20.8% decline in passenger traffic, as well as the 12.5% appreciation of the Mexican peso against the U.S. dollar, with the average exchange rate changing from Ps. 19.9844 in 6M25 to Ps. 17.4815 in 6M26. The change in non-aeronautical services revenues comprised primarily of the following factors:

Revenues from the Mexican airports increased by Ps. 387.4 million, or 9.2%, compared to 6M25, primarily driven by a Ps. 389.9 million, or 18.7%, increase in revenues from businesses operated directly by us. Revenues from the Jamaican airports decreased by Ps. 125.8 million, or 20.8%, compared to 6M25, mainly due to lower passenger traffic. Total revenues generated by CBX during May and June amounted to Ps. 468.1 million, equivalent to US$26.8 million. During this period, a total of 626,424 passengers used the facility in both directions, generating average revenue of US$42.8 per passenger.     Non-aeronautical revenues for the Six Months (in thousands of pesos):     6M256M26ChangeBusinesses operated by third parties:   Food and beverage685,259679,018(0.9%)Car rental416,425425,7452.2%Duty-free424,845353,126(16.9%)Retail382,605367,867(3.9%)Leasing of space229,859211,125(8.2%)Timeshares138,723125,095(9.8%)Other commercial revenues131,035136,0763.8%Ground transportation107,769100,069(7.1%)Communications and financial services60,24257,368(4.8%)Total2,576,7612,455,488(4.7%)    Businesses operated directly by us:   Cargo operation and bonded warehouse948,3811,174,59023.9%CBX revenues-468,099100.0%Car parking356,342385,9958.3%Convenience stores331,088370,52111.9%VIP Lounges336,336318,312(5.4%)Hotel operation74,32394,06426.6%Advertising78,206108,24138.4%Other businesses operated directly by us-56,263100.0%Total2,124,6772,976,08540.1%Recovery of costs135,097134,618(0.4%)Total Non-aeronautical Revenues 4,836,5355,566,19115.1% Figures expressed in thousands of Mexican pesos.
     ‐                Revenues from improvements to concession assets 1

Revenues from improvements to concession assets (IFRIC-12) decreased by Ps. 57.7 million, or 1.1%, compared to 6M25. The change was composed of:

Improvements to concession assets at the Company’s Mexican airports, which decreased by Ps. 343.5 million, or 6.6%, following investments under the Master Development Program for the 2025-2029 period. Improvements to concession assets at the Company’s Jamaican airports, which increased Ps. 285.7 million, or 190.7%. 1 Revenues from improvements to concession assets are recognized in accordance with International Financial Reporting Interpretation Committee 12 “Service Concession Arrangements” (IFRIC 12). However, this recognition does not have a cash impact or impact on the Company’s operating results. Amounts included as a result of the recognition of IFRIC 12 are related to construction of infrastructure in each quarter to which the Company has committed. This is in accordance with the Company’s Master Development Programs in Mexico and Capital Development Programs in Jamaica. All margins and ratios calculated using “Total Revenues” include revenues from improvements to concession assets (IFRIC 12), and, consequently, such margins and ratios may not be comparable to other ratios and margins, such as EBITDA margin, operating margin or other similar ratios that are calculated based on those results of the Company that do have a cash impact.

Total operating cost decreased by Ps. 45.1 million, or 0.4%, compared to 6M25, primarily due to a decrease of Ps. 470.7 million in technical assistance fee, resulting from the reversal of the provision following the business combination, with only the fixed fee paid to the strategic partner from January through April 2026 being recognized. In addition, concession fees decreased by Ps. 114.4 million, or 5.8%. These decreases were partially offset by increases in the cost of services of Ps. 174.4 million, CBX operating expenses of Ps. 177.4 million, non-recurring merger-related expenses of Ps. 118.4 million, and depreciation and amortization of Ps. 54.8 million. Excluding the decrease in concession fees, the reversal of the technical assistance fee provision, the consolidation of CBX, and the non-recurring merger-related expenses, operating expenses increased by Ps. 129.8 million, or 1.0%, compared to 6M25.

Mexican airports: 

Operating costs decreased by Ps. 210.1 million, or 1.9%, compared to 6M25, primarily due to the reversal of the technical assistance fee provision of Ps. 470.7 million, or 93.1%, as well as a decrease of Ps. 343.5 million, or 6.6%, in the cost of improvements to the concession assets (IFRIC-12). These effects were partially offset by increases in cost of services of Ps. 379.9 million, non-recurring expenses of Ps. 118.4 million, concession fees of Ps. 54.4 million, and depreciation and amortization of Ps. 51.4 million. The change in the cost of services at our Mexican airports during 6M26 was mainly due to:

Employee costs increased by Ps. 203.1 million, or 18.2%, primarily due to salary adjustments, the addition of operational personnel, the incorporation of personnel to provide technical assistance services, and higher employee benefits resulting from changes to the Federal Labor Law.Safety, security and insurance increased by Ps. 56.1 million, or 17.6%, mainly due to an expansion of the security workforce, significant increases in the minimum wage, and higher insurance costs related to goods safeguarded within the bonded warehouse as a result of increased revenues.Maintenance increased by Ps. 55.7 million, or 13.2%, mainly due to the opening of new operational areas and terminal facilities, as well as airfield maintenance activities. Jamaican Airports:

Operating costs decreased by Ps. 11.8 million, or 0.6%, compared to 6M25, mainly due to a Ps. 243.4 million, or 27.5%, decrease in concession fees, a decrease of Ps. 34.3 million, or 7.0%, in cost of services, and a Ps. 21.2 million, or 7.1% decrease in depreciation and amortization. These effects were partially offset by an increase of Ps. 285.7 million, or 190.7%, in the cost of improvements to concession assets (IFRIC-12). Cross Border Xpress:

Beginning May 1, CBX operating expenses of Ps. 177.4 million were consolidated, consisting of cost of services of Ps. 152.3 million and depreciation and amortization of Ps. 25.1 million, corresponding to two months of operations. Operating income margin increased from 42.3% in 6M25 to 44.3% in 6M26. Excluding the effects of IFRIC-12, the operating income margin went from 55.9% in 6M25 to 57.8% in 6M26. Income from operations increased by Ps. 767.2 million, or 8.3%, compared to 6M25, with CBX contributing Ps. 291.1 million.

EBITDA margin went from 50.7% in 6M25 to 52.8% in 6M26. Excluding the effects of IFRIC-12, EBITDA margin went from 67.1% in 6M25 to 68.8% in 6M26. EBITDA increased by Ps. 822.1 million, or 7.4%, compared to 6M25. CBX contributed Ps. 315.8 million, with an EBITDA margin of 69.9%.

Financial results increased in expenses by Ps. 6.5 million, or 0.4%, from a net expense of Ps. 1,663.0 million in 6M25 to Ps. 1,669.5 million in 6M26. This change was mainly the result of:

Foreign exchange fluctuations, which went from a loss of Ps. 164.3 million in 6M25 to a gain of Ps. 156.1 million in 6M26, resulting in a foreign exchange gain of Ps. 320.4 million due to the appreciation of the Mexican peso. Additionally, the foreign currency translation effect generated a gain of Ps. 90.4 million compared to 6M25. Interest expense increased by Ps. 279.2 million, or 13.6%, compared to 6M25, mainly due to the increase in bond certificates and higher borrowings of bank loans. Interest income decreased by Ps. 34.7 million, or 7.0%, compared to 6M25, mainly due to a decrease in the cash and cash equivalents average balance and changes in the reference rates in both Mexican pesos and U.S. dollars. In 6M26, net and comprehensive income increased by Ps. 766.7 million, or 15.2%, compared to 6M25. Income before taxes increased by Ps. 760.7 million, mainly due to the increase in EBITDA, as mentioned above.

During 6M26, net income increased by Ps. 692.3 million, or 12.6%, compared to 6M25, mainly due to the increase in EBITDA, partially offset by higher depreciation and amortization expenses. In addition, income tax expense for the period increased by Ps. 68.5 million, as a result of a Ps. 767.2 million increase in operating income.

Statement of Financial Position

As of June 30, 2026, total assets increased by Ps. 62,184.3 million compared to the same period in 2025, primarily due to: (i) goodwill and intangible assets of Ps. 37,703.1 million resulting from the business combination following the merger; (ii) an increase in cash and cash equivalents of Ps. 10,076.4 million; and (iii) a Ps. 13,721.8 million increase in improvements to concession assets, construction in progress, advances to suppliers, and property, plant and equipment.

Total liabilities increased by Ps. 27,952. 3 million compared to the same period of 2025. This increase was mainly attributable to: (i) an increase in bond certificates of Ps. 18,098.0 million; (ii) a net increase in bank loans of Ps. 419.0 million, resulting from new loans; and (iii) an increase in accounts payable of Ps. 1,804.6 million.

Recent events

On May 8, 2026, the Company announced the commencement of the process to establish an Irrevocable Trust for the Issuance of Energy and Infrastructure Investment Trust Certificates (Certificados Bursátiles Fiduciarios de Inversión en Energía e Infraestructura, “CBFEs”), with the objective of subscribing a minority equity interest in the 12 Mexican airport concessionaires operated by GAP. As of the date hereof, the Company continues to work through the approval process with the relevant authorities for the issuance of the CBFEs.

2026 Growth Guidance revised

Considering the business combination effective in May, passenger traffic trends, and the progress of the Company’s investment projects:

   2026 vs 2025Passenger traffic-3% - 0%Aeronautical revenues1% - 4%Non-aeronautical revenues21% - 24%Total revenues7% - 10%EBITDA10% - 12%EBITDA margin67% +- 1%CAPEXPs. 12.0 billion   Company Description

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concesiones Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019. In May 2026, GAP completed a business combination pursuant to which it acquired full ownership of the Cross Border Xpress (“CBX”), a cross-border terminal located in San Diego, California and connected to the Tijuana International Airport.

This press release contains references to EBITDA, a financial performance measure not recognized under IFRS and which does not purport to be an alternative to IFRS measures of operating performance or liquidity. We caution investors not to place undue reliance on non-GAAP financial measures such as EBITDA, as these have limitations as analytical tools and should be considered as a supplement to, not a substitute for, the corresponding measures calculated in accordance with IFRS. This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at [email protected]. GAP’s Audit Committee will be notified of all complaints for immediate investigation.

Beginning this quarter, the Company’s main airports and new business lines will be reported separately, given their significance and the importance of providing this information to the market on a standalone basis.

Exhibit A: Operating results by airport (in thousands of pesos):

       Airport2Q252Q26Change6M256M26ChangeGuadalajara      Aeronautical services1,562,4301,692,0568.3%3,151,5173,464,0449.9%Non-aeronautical services348,795391,71912.3%709,331780,44310.0%Improvements to concession assets (IFRIC 12)1,174,4261,118,313(4.8%)2,348,8522,236,626(4.8%)Total Revenues3,085,6513,202,0883.8%6,209,7006,481,1144.4%Operating income1,242,7341,269,2412.1%2,424,9652,636,8298.7%EBITDA1,450,4161,526,8525.3%2,844,5193,107,5919.2%       Tijuana      Aeronautical services855,119857,7030.3%1,587,9331,682,6346.0%Non-aeronautical services125,930124,479(1.2%)250,651258,1713.0%Improvements to concession assets (IFRIC 12)386,094453,86617.6%772,188907,73217.6%Total Revenues1,367,1441,436,0485.0%2,610,7722,848,5379.1%Operating income565,985530,496(6.3%)972,3881,015,8764.5%EBITDA691,459660,671(4.5%)1,224,3971,273,9334.0%       Los Cabos      Aeronautical services903,938847,415(6.3%)1,850,5701,884,0071.8%Non-aeronautical services349,334332,937(4.7%)712,000678,781(4.7%)Improvements to concession assets (IFRIC 12)205,863212,8633.4%411,726425,7253.4%Total Revenues1,459,1351,393,214(4.5%)2,974,2962,988,5130.5%Operating income806,799706,727(12.4%)1,645,6131,591,598(3.3%)EBITDA911,098815,556(10.5%)1,846,9501,805,594(2.2%)       Puerto Vallarta      Aeronautical services720,778599,816(16.8%)1,708,9501,597,744(6.5%)Non-aeronautical services183,464142,708(22.2%)371,047332,047(10.5%)Improvements to concession assets (IFRIC 12)503,536410,908(18.4%)1,007,073821,816(18.4%)Total Revenues1,407,7781,153,432(18.1%)3,087,0702,751,607(10.9%)Operating income584,274415,373(28.9%)1,365,4321,210,213(11.4%)EBITDA647,844478,657(26.1%)1,494,2211,335,690(10.6%)       Cargo and bonded warehouse business      Non-aeronautical services514,113627,03922.0%948,3811,174,59023.9%Total Revenues514,113627,03922.0%948,3811,174,59023.9%Operating income330,315425,01428.7%596,765783,36531.3%EBITDA341,332435,91927.7%618,983805,22630.1%       Montego Bay      Aeronautical services518,434370,081(28.6%)1,103,799717,948(35.0%)Non-aeronautical services231,963189,397(18.4%)476,550367,738(22.8%)Improvements to concession assets (IFRIC 12)64,36850,688(21.3%)113,35499,052(12.6%)Total Revenues814,765610,166(25.1%)1,693,7031,184,737(30.1%)Operating income305,501195,612(36.0%)648,016408,519(37.0%)EBITDA391,479278,863(28.8%)823,813574,446(30.3%)       Exhibit A: Operating results by airport (in thousands of pesos):       Airport2Q252Q26Change6M256M26ChangeGuanajuato      Aeronautical services280,231262,919(6.2%)548,630557,1511.6%Non-aeronautical services46,90349,7266.0%97,54095,535(2.1%)Improvements to concession assets (IFRIC 12)130,22273,383(43.6%)260,444146,767(43.6%)Total Revenues457,356386,028(15.6%)906,614799,452(11.8%)Operating income208,424177,439(14.9%)407,575387,644(4.9%)EBITDA233,880208,796(10.7%)458,950450,082(1.9%)       Hermosillo      Aeronautical services161,897160,690(0.7%)305,246313,8412.8%Non-aeronautical services30,19127,597(8.6%)56,76254,578(3.8%)Improvements to concession assets (IFRIC 12)17,2245,657(67.2%)34,44811,315(67.2%)Total Revenues209,312193,944(7.3%)396,456379,734(4.2%)Operating income97,86790,996(7.0%)176,221175,976(0.1%)EBITDA123,579117,243(5.1%)228,262227,822(0.2%)       Cross Border Xpress (1)      Non-aeronautical services-468,099100.0%-468,099100.0%Total Revenues-468,099100.0%-468,099100.0%Operating income-291,095100.0%-291,095100.0%EBITDA-315,788100.0%-315,788100.0%       Others (2)      Aeronautical services760,361787,4193.6%1,505,6761,595,2005.9%Non-aeronautical services611,966673,01410.0%1,214,2721,356,21011.7%Improvements to concession assets (IFRIC 12)194,416359,21884.8%390,239631,54361.8%Total Revenues1,566,7431,819,65116.1%3,110,1883,582,95315.2%Operating income481,021883,92783.8%1,037,5921,540,67748.5%EBITDA689,0971,126,99463.5%1,592,0062,057,99629.3%       Total       Aeronautical services5,763,1885,578,099(3.2%)11,762,32111,812,5690.4%Non-aeronautical services2,442,6593,026,71423.9%4,836,5355,566,19115.1%Improvements to concession assets (IFRIC 12)2,676,1492,684,8970.3%5,338,3245,280,576(1.1%)Total Revenues10,881,99611,289,7103.7%21,937,18022,659,3373.3%Operating income4,578,3544,985,9198.9%9,274,56710,041,7928.3%EBITDA5,503,3135,965,3408.4%11,132,10111,954,1697.4%        1. Cross Border Xpress figures correspond to operations for May and June 2026. 2. Others include the operating results of the Aguascalientes, La Paz, Los Mochis, Manzanillo, Mexicali, Morelia, and Kingston airports.

  Exhibit B: Consolidated statement of financial position as of June 30 (in thousands of pesos): 

      2025 2026 Change %Assets    Current assets    Cash and cash equivalents9,697,343 19,773,709 10,076,366 103.9%Trade accounts receivable - Net3,154,471 3,373,681 219,210 6.9%Other current assets1,152,861 1,918,220 765,359 66.4%Total current assets14,004,675 25,065,610 11,060,935 79.0%     Advanced payments to suppliers869,569 3,117,554 2,247,985 258.5%Machinery, equipment and improvements to leased buildings - Net4,623,910 6,821,182 2,197,272 47.5%Improvements to concession assets - Net25,471,976 30,989,546 5,517,570 21.7%Construction in-progress11,760,860 14,484,845 2,723,985 23.2%Land- 1,035,000 1,035,000 100.0%Airport concessions - Net9,140,466 8,414,313 (726,153)(7.9%)Rights to use airport facilities - Net967,163 916,169 (50,994)(5.3%)Other acquired rights1,937,118 1,684,731 (252,387)(13.0%)Goodwill/intangible assets- 37,703,107 37,703,107 100.0%Deferred income taxes - Net8,480,777 9,068,608 587,831 6.9%Other non-current assets931,544 1,071,645 140,100 15.0%Total assets78,188,058 140,372,310 62,184,252 79.5%     Liabilities     Current liabilities    Bank loans and interest payable7,473,502 12,935,662 5,462,160 73.1%Concession fees565,678 512,318 (53,360)(9.4%)Accounts payable996,350 2,800,943 1,804,593 181.1%Unrealized revenue- 373,469 373,469 100.0%Other current liabilities1,454,754 915,576 (539,178)(37.1%)Dividends payable4,253,565 12,376,378 8,122,814 191.0%Total current liabilities14,743,849 29,914,347 15,170,498 102.9%     Non-current Liabilities    Security deposits received1,130,129 1,263,914 133,785 11.8%Bank loans4,611,474 6,372,418 1,760,943 38.2%Other long-term liabilities1,886,599 1,198,109 (688,489)(36.5%)Long-term local bonds payable34,783,722 46,359,266 11,575,544 33.3%Total liabilities57,155,773 85,108,054 27,952,281 48.9%     Stockholders' Equity    Common stock1,194,390 1,406,522 212,132 17.8%Legal reserve238,878 238,878 - 0.0%Retained earnings14,397,380 13,278,816 (1,118,564)(7.8%)Reserve for share repurchase2,500,000 2,500,000 - 0.0%Foreign currency translation reserve312,241 (570,019)(882,260)(282.6%)Remeasurements of employee benefit – Net41,049 36,594 (4,455)(10.9%)Cash flow hedges- Net(2,692)- 2,692 (100.0%)Premium on share suscription- 35,766,611 35,766,611 100.0%Total controlling interest18,681,246 52,657,402 33,976,156 181.9%Non-controlling interest2,351,039 2,606,854 255,815 10.9%Total stockholder's equity21,032,285 55,264,256 34,231,971 162.8%     Total liabilities and stockholders' equity78,188,058 140,372,310 62,184,252 79.5%      Non-controlling interest represents the minority shareholders’ ownership interests in certain of our subsidiaries.  Exhibit C: Consolidated statement of cash flows (in thousands of pesos): 

GRUPO AEROPORTUARIO DEL PACIFICO             Consolidated statement of cash flows        2Q252Q26Change6M256M26ChangeCash flows from operating activities:      Consolidated net income2,655,135 2,893,509 9.0%5,513,253 6,205,518 12.6%       Postemployment benefit costs15,459 20,766 34.3%29,621 41,274 39.3%Allowance expected credit loss(13,123)39,795 (403.2%)12,269 61,197 398.8%Depreciation and amortization924,959 979,420 5.9%1,857,534 1,912,376 3.0%Loss (gain) on sale of machinery, equipment and improvements to leased assets(630)(4,713)648.1%1,360 (6,382)(569.4%)Interest expense1,034,255 1,356,033 31.1%2,281,509 2,376,772 4.2%Provisions9,022 1,792 (80.1%)(21,667)36,099 (266.6%)Income tax expense1,189,674 1,146,127 (3.7%)2,098,280 2,166,733 3.3%Unrealized exchange loss(54,076)(6,772)(87.5%)56,804 (129,318)(327.7%) 5,760,675 6,425,957 11.5%11,828,961 12,664,269 7.1%Changes in working capital:      (Increase) decrease in      Trade accounts receivable162,331 87,833 (45.9%)(493,714)157,063 (131.8%)Recoverable tax on assets and other assets25,725 (95,078)(469.6%)107,364 (32,063)(129.9%)Increase (decrease)      Concession taxes payable(248,380)(335,846)35.2%(215,106)(111,606)(48.1%)Accounts payable(117,942)(1,906,239)1516.3%(46,488)204,655 (540.2%)Cash generated by operating activities5,582,409 4,176,627 (25.2%)11,181,017 12,882,318 15.2%Income taxes paid(1,202,747)(1,539,627)28.0%(2,324,790)(2,673,476)15.0%Net cash flows provided by operating activities4,379,662 2,637,000 (39.8%)8,856,227 10,208,841 15.3%       Cash flows from investing activities:      Machinery, equipment and improvements to concession assets(678,121)(3,204,006)372.5%(2,384,763)(4,961,618)108.1%Cash flows from sales of machinery and equipment1,656 1,055 (36.3%)1,774 2,614 47.4%Other investment activities(1,746,391)15,773 (100.9%)(1,732,569)(97,377)(94.4%)Acquisition of a 25% interest in CBX- (8,445,060)100.0%- (8,445,060)100.0%Net cash used by investment activities(2,422,856)(11,632,238)380.1%(4,115,559)(13,501,441)228.1%       Dividends declared and paid(4,254,436)(203,882)(95.2%)(4,254,436)(203,882)(95.2%)Dividends paid to non-controlling interests(152,881)- (100.0%)(152,881)- (100.0%)Cash and cash equivalentes from business combination 5,428,000   5,428,000 100.0%Bond certificates issued- - 0.0%6,000,000 10,718,000 78.6%Bond certificates paid(2,500,000)- (100.0%)(7,000,000)(1,120,000)(84.0%)Bank loans paid(3,454,938)- (100.0%)(3,454,938)(4,498,971)30.2%Bank loans3,249,098 1,120,000 (65.5%)3,249,098 4,498,971 38.5%Capitalized interest on bank loans- (39,417)100.0%- (39,417)100.0%Interest paid on bank loans(941,099)(873,123)(7.2%)(2,306,485)(2,234,826)(3.1%)Interest paid on lease(592)(2,662)349.7%(1,282)(5,440)324.4%Payments of obligations for leasing(2,566)(10,474)308.2%(18,899)(21,031)11.3%Net cash flows used in financing activities(8,057,414)5,418,442 (167.2%)(7,939,822)12,521,404 (257.7%)       Effects of exchange rate changes on cash held(429,868)165,369 (138.5%)(569,530)91,707 (116.1%)Net increase (decrease) in cash and cash equivalents(6,530,476)(3,411,427)(47.8%)(3,768,684)9,320,511 (347.3%)Cash and cash equivalents at beginning of the period16,227,819 23,185,136 42.9%13,466,026 10,453,198 (22.4%)Cash and cash equivalents at the end of the period9,697,343 19,773,709 103.9%9,697,343 19,773,709 103.9%               Exhibit D: Consolidated statements of profit or loss and other comprehensive income (in thousands of pesos): 

        2Q252Q26Change6M256M26ChangeRevenues      Aeronautical services5,763,188 5,578,099 (3.2%)11,762,321 11,812,569 0.4%Non-aeronautical services2,442,659 3,026,714 23.9%4,836,535 5,566,191 15.1%Improvements to concession assets (IFRIC-12)2,676,149 2,684,897 0.3%5,338,324 5,280,576 (1.1%)Total revenues10,881,996 11,289,710 3.7%21,937,180 22,659,337 3.3%       Operating costs      Costs of services:1,556,035 1,916,778 23.2%3,020,338 3,468,349 14.8%Employee costs638,722 769,895 20.5%1,252,084 1,454,119 16.1%Maintenance256,830 316,554 23.3%513,733 577,317 12.4%Safety, security & insurance232,516 260,363 12.0%447,723 493,768 10.3%Utilities148,732 149,214 0.3%273,963 274,227 0.1%Professional services58,332 84,772 45.3%106,063 141,887 33.8%Business operated directly by us86,632 99,427 14.8%173,968 188,956 8.6%Other operating expenses134,271 166,061 23.7%252,803 267,584 5.8%CBX operating expenses- 70,492 100.0%- 70,492 100.0%       Technical assistance fees221,680 (264,685)(219.4%)505,580 34,857 (93.1%)Concession taxes935,280 915,543 (2.1%)1,976,982 1,862,621 (5.8%)Depreciation and amortization924,959 979,420 5.9%1,857,534 1,912,376 3.0%Cost of improvements to concession assets (IFRIC-12)2,676,149 2,684,897 0.3%5,338,324 5,280,576 (1.1%)Other (income)(10,461)71,837 (786.7%)(36,145)58,765 (262.6%)Total operating costs6,303,642 6,303,790 0.0%12,662,613 12,617,545 (0.4%)Income from operations4,578,354 4,985,920 8.9%9,274,567 10,041,792 8.3%Financial Result(733,545)(946,284)29.0%(1,663,035)(1,669,542)0.4%Income before income taxes 3,844,809 4,039,636 5.1%7,611,532 8,372,250 10.0%Income taxes(1,189,674)(1,146,127)(3.7%)(2,098,280)(2,166,733)3.3%Net income 2,655,135 2,893,509 9.0%5,513,252 6,205,518 12.6%Currency translation effect(423,527)(443,277)4.7%(498,585)(408,156)(18.1%) Cash flow hedges, net of income tax2,668 - (100.0%)1,892 - (100.0%)Remeasurements of employee benefit – net income tax667 69 (89.7%)32,766 18,711 (42.9%)Comprehensive income 2,234,943 2,450,301 9.6%5,049,325 5,816,073 15.2%Non-controlling interest(90,951)(102,859)13.1%(205,878)(241,374)17.2%Comprehensive income attributable to controlling interest2,143,992 2,347,442 9.5%4,843,447 5,574,699 15.1%       Non-controlling interest represents the minority shareholders’ ownership interests in certain of our subsidiaries.               Exhibit E: Consolidated stockholders’ equity (in thousands of pesos): 

           Common StockLegal ReseveReserve for Share RepurchasePremium on share suscriptionRetained EarningsOther comprehensive incomeTotal controlling interestNon-controlling interestTotal Stockholders' EquityBalance as of January 1, 20251,194,390920,187 2,500,000-16,957,723 773,499 22,345,799 2,275,940 24,621,739 Decrease in legal reserve-(681,309)- 681,309 - - - - Dividends declared-- - (8,508,000)- (8,508,000)(130,779)(8,638,779)Comprehensive income:         Net income-- --5,266,354 - 5,266,354 246,904 5,513,258 Foreign currency translation reserve-- --- (457,563)(457,563)(41,026)(498,589)Remeasurements of employee benefit – Net-- --- 32,766 32,766 - 32,766 Reserve for cash flow hedges – Net of income tax-- --- 1,892 1,892 - 1,892 Balance as of June 30, 20251,194,390238,878 2,500,000-14,397,387 350,594 18,681,245 2,351,039 21,032,285           Balance as of January 1, 20261,194,390238,878 2,500,000-18,695,331 (158,148)22,470,451 2,365,480 24,835,931 Capital increase212,132     212,132  212,132 Dividends declared-- - (12,376,379)- (12,376,379) (12,376,379)Increase from share suscription-- -35,766,611- - 35,766,611 - 35,766,611 Comprehensive income:         Net income-- --5,949,977 - 5,949,977 255,541 6,205,518 Retained earnings business combination   -1,009,888  1,009,888  1,009,888 Foreign currency translation reserve-- --- (393,989)(393,989)(14,167)(408,156)Remeasurements of employee benefit – Net-- --- 18,711 18,711 - 18,711 Balance as of June 30, 20261,406,522238,878 2,500,00035,766,61113,278,817 (533,426)52,657,402 2,606,854 55,264,256                   Exhibit F: Other operating data:               2Q252Q26Change6M256M26ChangeTotal passengers15,879.414,987.7(5.6%)32,149.030,354.9(5.6%)Total cargo volume (in WLUs)686.6743.58.3%1,337.31,447.48.2%Total WLUs16,566.015,731.2(5.0%)33,486.331,802.3(5.0%)       Aeronautical & non aeronautical services per passenger (pesos)516.8574.111.1%516.3572.510.9%Aeronautical services per WLU (pesos)347.9354.61.9%351.3371.45.7%Non aeronautical services per passenger (pesos)153.8201.931.3%150.4183.421.9%Cost of services per WLU (pesos)91.9121.832.6%89.8109.121.4%        WLU = Workload units represent passenger traffic plus cargo units (1 cargo unit = 100 kilograms of cargo).

SanDisk stock NASDAQ:SNDK suffered another bruising session on Monday, dropping 12.6% to $1,673.97 as investors rushed out of memory and semiconductor stocks.

The decline continued after the close, with the stock slipping a further 2.4% by late trading.

The contrast is striking as SanDisk has fallen almost 29% from its late-June record and endured some of the market’s sharpest daily swings this month.

Yet Wall Street analysts have responded by lifting price targets rather than abandoning the stock.

Monday’s decline followed a volatile start to July.

SanDisk lost 29% during the month’s first four trading sessions, then recovered 18% over the following three days before selling off again.

Even after the latest pullback, the shares remain more than 600% higher in 2026.

The immediate pressure was not limited to SanDisk. The Philadelphia Semiconductor Index dropped 4.8% on Monday, while Marvell, Intel and other chip stocks also fell sharply.

SanDisk was the weakest member of that group.

Memory stocks were already under pressure in Seoul after SK Hynix suffered its biggest one-day decline in nearly two decades.

The South Korean chipmaker fell more than 15% as investors unwound gains following its record Nasdaq debut. Its US-listed shares then dropped 9.3%.

Escalating US-Iran tensions added to the risk-off mood.

Oil prices surged after renewed fighting near the Strait of Hormuz, raising fresh inflation concerns and pushing investors away from highly valued technology shares.

Analysts believe the sell-off reflects short-term positioning rather than a sudden deterioration in SanDisk’s business.

Evercore ISI analyst Amit Daryanani raised his price target to $3,100 from $1,400 while maintaining an Outperform rating.

Daryanani said investors were “underappreciating the durability” of SanDisk’s earnings, free cash flow and pricing power as the NAND supply-demand imbalance persists through 2027.

Citigroup has maintained a $2,500 target, arguing that strong demand from AI data centres should continue supporting suppliers of NAND flash and hard-disk storage.

Bernstein analyst Mark Newman recently lifted his target to $3,000 from $1,700.

His bullish view rests partly on SanDisk’s new supply-contract model, which uses multiyear commitments and financial guarantees to give the company greater visibility over future sales and cash flow.

Goldman Sachs analyst James Schneider has also raised his target to $2,200 from $1,200 while retaining a Buy rating.

Schneider expects a “very strong” fiscal fourth quarter and has placed his 2026 adjusted earnings estimate roughly 30% above Wall Street’s consensus, according to Investing.com.

The common thread is supply, as building additional NAND capacity requires years of investment, while demand for enterprise solid-state drives is rising as hyperscalers construct more AI data centres.

Investors will get their next major evidence on August 5, when SanDisk reports fiscal fourth-quarter and full-year 2026 results.

The company will then hold an investor day on August 13, when management is expected to provide more details about its long-term contracts, capacity plans and earnings outlook.

Kevin J. Mitchell, Exec. VP and CFO of Phillips 66 (PSX +5.27%), reported a sale of 11,021 shares on July 9, 2026, according to an SEC Form 4 filing.

Transaction summaryMetricValueTransaction value$2.1 millionShares sold11,021Post-transaction shares (directly held)97,376Post-transaction value$18.48 millionKey questionsWhat was the mechanism and timing of this transaction?
The CFO executed an exercise of 11,021 options at a strike price of $94.97 and immediately sold the shares at a weighted average price of $190.03. This activity was automated under a Rule 10b5-1 trading plan adopted on November 21, 2025, which allows insiders to execute pre-planned trades to diversify holdings.How does this disposition affect the executive's total equity exposure?
The transaction reduced Kevin J. Mitchell's direct common stock holdings by 10%. Following the sale, he retains 97,376 shares of common stock, which includes 31,849 Restricted Stock Units that settle for shares on a 1-for-1 basis, along with 2,050 additional derivative securities.What is the market context for this sale?
The transaction occurred after the stock delivered a 45% return over the 12 months ending July 9. Based on the July 10, 2026 market close of $188.36, the CFO's remaining direct equity position is valued at approximately $18.3 million.Company OverviewMetricValueShare Price (as of market close 2026-07-10)$188.36Market Capitalization$75.5 billionRevenue (TTM)$134.5 billionNet Income (TTM)$4.1 billionCompany SnapshotPhillips 66 operates a diversified energy business spanning midstream infrastructure, refining, chemicals, and marketing & specialties segments, generating revenue through crude oil processing, petroleum product distribution, energy commodity transportation, and specialty chemical production.The company generates earnings through integrated operations that combine capital-intensive refining and logistics assets with downstream chemical manufacturing and marketing activities, capturing value across the energy value chain from feedstock processing to end-market distribution.Phillips 66 serves a broad customer base including petroleum refiners, chemical manufacturers, transportation and logistics operators, and industrial end-users requiring refined products, specialty chemicals, and energy infrastructure services.Phillips 66 is a diversified energy company with a $75.5 billion market capitalization, positioning it as a significant integrated player in the energy sector. The company's competitive advantage derives from its vertically integrated business model spanning midstream logistics, refining operations, and specialty chemicals, enabling operational synergies and margin capture across multiple energy value chain segments. With 13,200 employees and a strategic focus on both traditional energy infrastructure and specialty chemical markets, Phillips 66 maintains a balanced portfolio approach to energy sector exposure.

What this transaction means for investorsThis sale isn’t small, at roughly 10% of direct common stock holdings, but it still ultimately reads like a routine, well-structured cash-out and not a bet against the stock. Mitchell exercised options struck at $94.97 and sold at $190.03 the same day, capturing a spread of nearly $95 a share under a plan he set eight months earlier.

Meanwhile, the company’s latest results give some room to hold the rest. In the first quarter, Phillips 66 surprised a Street that had braced for a loss, posting adjusted earnings of $0.49 per share as realized refining margins hit $10.11 with crude utilization at roughly 95%. Management guided to low-to-mid 90% refining utilization for the second quarter.

For long-term investors, the insider sale is essentially background noise. The real questions are whether refining margins hold, whether the debt-reduction and asset-sale plan stays on track, and how the activist pressure from Elliott reshapes the portfolio after some recent board changes. The firm reports second-quarter earnings on August 5.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool recommends Phillips 66. The Motley Fool has a disclosure policy.

Enabling integration of purchase data from approximately 28 million 7-Eleven App members on the DSP

, /PRNewswire/ -- The Trade Desk (Nasdaq: TTD), a global leader in advertising technology, today announced the integration of retail purchase data from SEVEN-ELEVEN JAPAN CO., LTD. (hereinafter "SEJ") into The Trade Desk platform, enabling advertisers to programmatically activate SEJ's retail purchase data across digital channels through The Trade Desk platform. The capability is now available to all advertisers in Japan. This represents one of the leading examples in Japan of integrating SEJ's purchase data with a DSP.

This integration enables advertisers to activate high-quality data at scale across digital channels on the open internet, including over‑the‑top (OTT), connected TV (CTV), audio, and display, representing an important step forward in Japan's retail media landscape.

Through this initiative, advertisers can seamlessly access and activate audience segments built from purchase data-driven insight based on the purchase behavior of approximately 28 million 7-Eleven App members directly within The Trade Desk platform. SEJ operates Japan's largest convenience store network, with around 22,000 stores nationwide and approximately 20 million daily visitors.[1] The integration enables activation of always-on audience segments — including demographic and high-demand purchase-based audiences — built from a wide range of product categories. Audience segments are curated based on advertiser needs using up to one year of purchase history (ID-POS data), enabling more precise audience targeting across omnichannel campaigns.

This collaboration addresses a longstanding challenge in Japan, where access to high-quality retail data has historically been fragmented and operationally complex. Through API integration with the platform, SEJ's data is regularly refreshed and made available within The Trade Desk platform, enabling advertisers to plan, activate, and optimize campaigns with greater efficiency and reduced operational complexity.

At the core of this integration is The Trade Desk's AI-driven platform, which transforms retail purchase signals into structured, scalable audience intelligence— bridging the gap between data access and real-time activation across channels. This enables advertisers to not only identify the right audiences, but to continuously refine and optimize how those audiences are reached, driving performance across the open internet.

"Japan's retail media ecosystem is entering a new phase," said Kei Majima, General Manager, Japan, The Trade Desk. "We are excited to bring this initiative to market, expanding access to one of Japan's most extensive retail data offerings for omnichannel advertising. As the industry evolves, the ability to programmatically activate high-quality data will be critical to driving performance and accountability in digital advertising. By integrating high-quality purchase data from SEJ, one of Japan's largest convenience store chains, directly into our platform, advertisers can now engage audiences more precisely and efficiently across channels, helping to unlock the full potential of retail data for advertisers in Japan."

Key Benefits for Advertisers

High-Fidelity Audience Segments: Access audience segments built on a wide range of product categories and up to one year of purchase history, enabling more precise demographic and purchase-based targeting. Custom Audience Capabilities: Collaborate with SEJ to build and activate audience segments tailored to specific brands for more precise targeting. Omnichannel Activation: Apply retail data across digital channels via The Trade Desk platform for flexible, scalable campaigns. AI-Powered Audience Activation & Optimization: Transform retail purchase data into scalable audiences that can be activated across channels and continuously refined using AI to improve campaign performance over time. Advancing Retail Media Infrastructure in Japan
This initiative reflects a broader evolution in Japan's retail data landscape—from fragmented, one-off data use to always-on, infrastructure-driven approaches that enable scalable and continuous audience engagement. Historically, retail data activation relied on custom integrations that limited continuous campaign execution. With this integration, SEJ's data can now be continuously refreshed and activated in real time, enabling advertisers to improve audience targeting accuracy and advertising performance in a privacy conscious manner.

As global retail data evolves toward greater standardization, enabling secure, scalable data use has become a key industry priority. This data integration signals a growing focus in Japan on not only protecting data but also enabling its responsible and effective utilization. Through this initiative, The Trade Desk and SEJ provide a practical model for how high-quality retail data can be applied at scale, demonstrating how infrastructure and privacy-conscious design can support more effective retail data activation at scale.

[1] Figures as of the end of May 2026

About The Trade Desk
The Trade Desk™ is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across North America, Europe and Asia Pacific. To learn more, visit thetradedesk.com or follow us on Facebook, X, LinkedIn and YouTube.

Media Contact

Jason Wang
[email protected]

SOURCE The Trade Desk

Anthony Mathew Eisen, a director at Block, Inc. (XYZ +1.90%), sold 18,000 shares of Class A Common Stock between July 9, 2026 and July 13, 2026, according to an SEC Form 4 filing.

Transaction summaryMetricValueTransaction value$1.4 millionShares sold18,000Post-transaction shares (directly held)1,838,672Post-transaction value$144.74 millionKey questionsWhat is the regulatory context for this transaction?
This sale was completed under a Rule 10b5-1 trading plan, which Eisen adopted on March 2, 2026. Such plans allow insiders to schedule future stock sales in advance to avoid potential concerns regarding material non-public information.What is the scale of the insider's remaining direct equity exposure?
Following this transaction, the Director continues to hold about 1.8 million shares directly. This remaining position represents a market value of $144.74 million as of the July 13, 2026 market close.How does the current stock performance compare to the transaction price?
The shares were sold at a weighted average price of $77.80, while the stock closed at $77.30 on July 10, 2026. The company currently maintains a market capitalization of $46 billion and has reported trailing twelve-month revenue of $24.5 billion.What is the breakdown of the Director's total beneficial interest?
The reported holdings consist exclusively of direct ownership, with 1,838,672 shares remaining in the director's name.Company OverviewMetricValueShare Price (as of market close 2026-07-10)$77.30Market Capitalization$46.0 billionRevenue (TTM)$24.5 billionNet Income (TTM)$807.1 millionCompany SnapshotBlock is a fintech company that develops and operates a comprehensive suite of payment processing solutions, including hardware readers (Magstripe, Contactless and chip readers supporting EMV and NFC technologies) and software platforms that enable merchants to process card payments and access advanced reporting and analytics capabilities.The company generates revenue through transaction processing fees, hardware sales, and software-as-a-service offerings, with a business model centered on providing integrated payment infrastructure and next-day fund settlement services to merchants of varying sizes.Block serves a diverse merchant base ranging from small independent retailers to larger enterprises, targeting businesses across multiple verticals that require reliable payment processing, financial visibility, and capital management solutions.Block, Inc. operates as a leading infrastructure software provider in the payments ecosystem, with TTM revenues of $24.5 billion and a market capitalization of roughly $46 billion. The company leverages its integrated hardware and software platform to deliver comprehensive payment solutions that address merchant needs for transaction processing, financial analytics, and working capital optimization. Block's competitive positioning is strengthened by its end-to-end payment infrastructure, next-day settlement capabilities, and robust reporting analytics that differentiate its offerings in the competitive payments technology sector.

What this transaction means for investorsThis sale ultimately looks like a co-founder trimming a corner of a very large position, not a signal about where Block is headed. Eisen sold on a plan set back in March, and 18,000 shares barely dents the roughly 1.8 million he still holds, worth about $145 million. Eisen co-founded Afterpay, the buy-now-pay-later business Block acquired in 2021, so his stake reflects a company he helped build. When someone with nine figures still on the table sells a fraction of a percent on a preset schedule, the tax-and-diversification read is the honest one.

Meanwhile, the business is running well beneath a somewhat messy headline, with shares seesawing recently and settling about 15% up for the year. Block's first-quarter gross profit rose 27% to $2.91 billion, led by 38% growth at Cash App, and adjusted operating income hit a record $728 million. Management raised full-year gross-profit guidance to $12.33 billion, and CEO Jack Dorsey leaned into AI tools like MoneyBot as the next growth lever. The firm is planning to report second-quarter earnings on August 5.

For long-term investors, the sale is noise, but the GAAP-versus-adjusted gap is worth understanding. Block posted a $309 million net loss on restructuring and bitcoin charges even as the underlying business accelerated, so it’ll be important to see whether Cash App's momentum holds as its lending boom normalizes.

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

Companies like Rivan and Lucid could be exempt from the price caps that bar EVs from qualifying for California's new incentive program. Patrick T. Fallon/AFP via Getty Images California is launching a new incentive program for first-time electric vehicle buyers that gives companies like Rivian and Lucid an edge.

Gov. Gavin Newsom signed a bill, SB 168, into law on Monday that will give first-time EV customers an instant incentive of $3,500 on a new vehicle and $1,750 toward a used one at the point of sale.

The program, called MyFirstEV, is expected to launch this summer, though the state did not announce an exact start date. A spokesperson for the California Air Resources Board (CARB), which will administer the statewide program, told Business Insider that the agency expects to announce participating automakers next month.

The bill has a price cap for EVs to qualify. New vehicles can't have a manufacturer's suggested retail price above $50,000, while used vehicles can't sell for more than $25,000.

However, the law exempts EV makers headquartered in California that manufacture only zero-emission vehicles, allowing companies like Rivian and Lucid to participate in the incentive program regardless of vehicle prices. Rivian is headquartered in Irvine, while Lucid is based in Newark.

Both companies sell vehicles priced well above the bill's caps. Rivian's R1T truck has a starting price of under $80,000. Lucid primarily sells luxury EVs, with the Air sedan starting at around $71,000.

A Lucid spokesperson told Business Insider that it intends to participate in the statewide program and that Lucid Air and Gravity vehicles will be eligible for California customers.

"We see this as a meaningful opportunity to help make advanced electric vehicles more accessible to California buyers," the spokesperson said, adding that the company "applauds the inclusion of the exemption."

Although Tesla manufactures the Model 3 and Model Y at its Fremont factory and maintains an engineering headquarters in Palo Alto, it would be excluded from the exemption. The company moved its corporate headquarters from California to Austin in 2021.

The CARB spokesperson confirmed that Lucid and Rivian could qualify for the exemption, while Tesla would be subject to the price caps.

Tesla wouldn't be entirely shut out of the incentive program. Lower-priced versions of the Model 3 and Model Y that fall below the $50,000 cap could qualify if the company chooses to participate.

The CA governor's office presented the program as a replacement for the federal EV tax credit program, which the Trump administration rolled back. Under the now-defunct federal program, EV buyers could get up to $7,500 in incentives.

"Donald Trump is doing everything in his power to pollute our air and surrender the clean car industry to China on a silver platter. California is putting its foot on the accelerator," Newsom said in a statement.

Spokespeople for Rivian and Tesla did not respond to a request for comment.

Read next

Lloyd Lee You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

California

Itron (ITRI - Free Report) ended the recent trading session at $83.39, demonstrating a -2.01% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.79%. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 1.55%.

Prior to today's trading, shares of the energy and water meter company had gained 5.64% outpaced the Computer and Technology sector's gain of 3.44% and the S&P 500's gain of 4.28%.

Investors will be eagerly watching for the performance of Itron in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 28, 2026. It is anticipated that the company will report an EPS of $1.3, marking a 19.75% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $564.72 million, down 6.93% from the prior-year quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.01 per share and revenue of $2.38 billion, indicating changes of -15.71% and +0.34%, respectively, compared to the previous year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Itron. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% higher. Itron is holding a Zacks Rank of #4 (Sell) right now.

In terms of valuation, Itron is presently being traded at a Forward P/E ratio of 14.16. This signifies a discount in comparison to the average Forward P/E of 24.85 for its industry.

Also, we should mention that ITRI 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. As the market closed yesterday, the Electronics - Testing Equipment industry was having an average PEG ratio of 2.02.

The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 20, finds itself in the top 9% echelons of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

In the latest close session, Comcast (CMCSA - Free Report) was up +1.7% at $23.97. The stock outperformed the S&P 500, which registered a daily loss of 0.79%. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 1.55%.

Shares of the cable provider witnessed a loss of 3.8% over the previous month, trailing the performance of the Consumer Discretionary sector with its gain of 0.62%, and the S&P 500's gain of 4.28%.

Analysts and investors alike will be keeping a close eye on the performance of Comcast in its upcoming earnings disclosure. The company's earnings report is set to go public on July 23, 2026. The company's upcoming EPS is projected at $0.97, signifying a 22.40% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $29.31 billion, indicating a 3.31% decline compared to the corresponding quarter of the prior year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.49 per share and revenue of $121.86 billion. These totals would mark changes of -19.03% and -1.49%, respectively, from last year.

Investors should also take note of any recent adjustments to analyst estimates for Comcast. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.21% lower. Comcast is currently a Zacks Rank #4 (Sell).

In the context of valuation, Comcast is at present trading with a Forward P/E ratio of 6.76. This represents a premium compared to its industry average Forward P/E of 4.94.

It is also worth noting that CMCSA currently has a PEG ratio of 1.94. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. CMCSA's industry had an average PEG ratio of 0.6 as of yesterday's close.

The Cable Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 237, which puts it in the bottom 4% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

In the latest trading session, Owens Corning (OC - Free Report) closed at $141.11, marking a -1.56% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.79% for the day. Elsewhere, the Dow saw a downswing of 0.26%, while the tech-heavy Nasdaq depreciated by 1.55%.

Shares of the construction materials company witnessed a gain of 18.04% over the previous month, beating the performance of the Construction sector with its gain of 2.79%, and the S&P 500's gain of 4.28%.

The upcoming earnings release of Owens Corning will be of great interest to investors. The company is forecasted to report an EPS of $3.02, showcasing a 28.27% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $2.67 billion, indicating a 2.75% downward movement from the same quarter last year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $9.53 per share and revenue of $9.93 billion, which would represent changes of -20.91% and -1.68%, respectively, from the prior year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Owens Corning. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Owens Corning holds a Zacks Rank of #3 (Hold).

Looking at its valuation, Owens Corning is holding a Forward P/E ratio of 15.05. This expresses a discount compared to the average Forward P/E of 18.01 of its industry.

Meanwhile, OC's PEG ratio is currently 2.6. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Building Products - Miscellaneous industry held an average PEG ratio of 1.54.

The Building Products - Miscellaneous industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 201, which puts it in the bottom 19% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Underperforming the S&P 500, shares of USA Rare Earth (USAR 6.87%) inched 3.7% higher in 2025, while the index rose 16.4%. The first half of 2026, however, featured a very different story. According to data provided by S&P Global Market Intelligence, shares of USA Rare Earth soared 81.3% through the first six months of 2026.

With analysts consistently providing bullish outlooks on the stock and the rare-earth company reporting progress toward commencing commercial operations, investors found sufficient cause to click the buy button over the past several months.

Image source: Getty Images.

Digging into the sources of this mining stock's rise It didn't take long after the ball dropped before investors started bidding USA Rare Earth stock higher. Shares rose more than 88% in January after the company announced a partnership with the French government to develop a metal and alloy production facility in France that management expects to commence operations in late 2026.

Today's Change

(

-6.87

%) $

-1.27

Current Price

$

17.21

Reporting progress toward the start of domestic operations, USA Rare Earth announced in late January that it had selected Fluor to assist with its Definitive Feasibility Study for the company's cornerstone Round Top Rare Earth Project in Texas. Plus, the company announced that it had signed a non-binding Letter of Intent with the U.S. Department of Commerce and entered into a collaboration with the U.S. Department of Energy, totaling about $1.6 billion in federal funding. In addition, the company announced $1.5 billion in private funding provided by Inflection Point.

Analysts also espoused a more bullish outlook on USA Rare Earth stock in the early part of the new year. On Jan. 26, Roth Capital hiked its price target to $35 from $25, and the following day, Benchmark boosted its price target to 45 from $15.

Despite a strong start to the year, shares dipped in February and March. But the decline didn't persist. In April, USA Rare Earth stock headed higher after the company reported that its subsidiary had poured commercial-grade yttrium (a rare-earth metal) at its facility in the United Kingdom. The company lauded the achievement, characterizing it as a milestone that sets it apart as one of the few companies to do so outside China.

Another catalyst for the stock's rise in April was the company's announcement that it had entered into a definitive agreement to acquire Serra Verde Group, a large-scale producer of all four magnetic rare-earths, including the valuable heavy rare-earth dysprosium, terbium, and yttrium, for about $2.8 billion. According to USA Rare Earth management, the acquisition will de-risk the company as Serra Verde is expected to achieve annualized run rate earnings before interest, taxes, depreciation, and amortization of $550-$650 million by the end of 2027.

How are things looking in the second half of the year? Despite the strong performance in the first half of 2026, the second half of the year hasn't provided much for investors to celebrate, with shares sinking more than 20% as of this writing since June 30. For a speculative stock such as USA Rare Earth, the volatility is to be expected. Thus, those with lower risk tolerances who are interested in growth stocks that provide rare-earth exposure will be more interested in a rare-earth ETF.

By PYMNTS  |  July 13, 2026

 | 

Apple acquired certain assets of SigScalr and hired certain SigScalr employees, according to a list of acquisitions maintained by the European Commission.

The list said that “SigScalr develops a data log management and observability tool” and that Apple notified the commission of the acquisition on March 12.

The commission posted the details on its website Monday (July 13), according to 9to5Mac, which flagged the news of the acquisition in a Monday report.

SigScalr offers the open-source observability platform SigLens, which helps developers collect, search and analyze logs, metrics and traces generated by apps and infrastructure, according to the report.

The company’s website is now offline, and the platform’s GitHub repository was made read-only, according to the report.

In an archival notice posted in the repository, SigScalr said: “As we focus on something new, the repository will remain available in read-only mode for anyone who finds it useful. If you’d like to fork it, build on it, or take it in a new direction, we wholeheartedly encourage that. We are also changing the license to a more permissive Apache 2.0 license.”

MacRumors said in a Monday report on the acquisition that SigLens “was known for being a cost-effective and fast solution compared to many competing platforms.”

Apple Insider reported Monday that Apple’s acquisition of SigScalr will give it “a tool to monitor and debug the processes of large numbers of interrelated applications.”

SigLens Founder and CEO Kunal Nawale said in his LinkedIn profile: “By using our self-hosted or our SaaS, companies save 90% on their observability bills. We provide lightning-fast query response times on any volume of data thereby reducing your debugging time during production issues.”

SigScalr announced in a February 2024 press release that it emerged from stealth and closed a $1.76 million pre-seed round that was led by Scribble Ventures with co-investments from WestWave Capital and Forward Slash Capital.

PYMNTS reported in November that Palo Alto Networks announced plans to acquire observability platform Chronosphere for $3.35 billion.

Like other observability platforms, Chronosphere collects detailed data from applications and infrastructure to help engineers understand why problems occur and where they originate, according to the report.

Palo Alto Networks’ acquisition of the company closed in January, according to a Jan. 29 press release.

Advanced Micro Devices (AMD - Free Report) ended the recent trading session at $534.39, demonstrating a -4.21% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.79%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 1.55%.

The chipmaker's stock has climbed by 9.05% in the past month, exceeding the Computer and Technology sector's gain of 3.44% and the S&P 500's gain of 4.28%.

The upcoming earnings release of Advanced Micro Devices will be of great interest to investors. The company's earnings report is expected on August 4, 2026. The company's upcoming EPS is projected at $1.6, signifying a 233.33% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $11.28 billion, indicating a 46.79% increase compared to the same quarter of the previous year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $7.22 per share and a revenue of $48.98 billion, representing changes of +73.14% and +41.39%, respectively, from the prior year.

Investors should also take note of any recent adjustments to analyst estimates for Advanced Micro Devices. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.54% higher. Advanced Micro Devices is holding a Zacks Rank of #3 (Hold) right now.

Looking at valuation, Advanced Micro Devices is presently trading at a Forward P/E ratio of 77.3. Its industry sports an average Forward P/E of 27.79, so one might conclude that Advanced Micro Devices is trading at a premium comparatively.

We can additionally observe that AMD currently boasts a PEG ratio of 1.4. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Computer - Integrated Systems industry stood at 1.04 at the close of the market yesterday.

The Computer - Integrated Systems industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 6, putting it in the top 3% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

Johnson & Johnson (JNJ - Free Report) ) has quietly reemerged as one of the stronger-performing large-cap healthcare stocks in 2026.

After hitting fresh all-time highs of $269 a share last week, investors are turning their attention to the healthcare giant's Q2 report, which is scheduled for Wednesday, July 15, before the opening bell.

While many tech stocks continue to command premium valuations, Johnson & Johnson offers investors a combination of defensive characteristics, consistent earnings growth, a premier dividend, and one of the strongest balance sheets in corporate America.

That combination has helped fuel recent momentum, but the question now is whether another strong quarterly report can send JNJ shares even higher after spiking more than 20% year to date.

Image Source: Zacks Investment Research

Johnson & Johnson's Q2 ExpectationsWall Street expects Johnson & Johnson to post another solid quarter despite ongoing patent headwinds across portions of its pharmaceutical portfolio.

Consensus estimates currently call for Q2 EPS of approximately $2.85 on revenue of $25.18 billion, representing modest growth of 3% and 6% from the prior-year quarter, respectively.

Investors will likely be paying close attention to several key areas:

Continued growth from the Innovative Medicine segmentSales of blockbuster cancer therapies such as Darzalex, which continues to be one of J&J's largest growth driversMomentum in the MedTech business, particularly cardiovascular productsAny updates to full-year guidance following the company's stronger-than-expected first quarterAnother encouraging sign is that J&J continues to invest aggressively in future growth. Recent pipeline developments, oncology expansion, and strategic acquisitions have strengthened its long-term growth outlook while helping offset future patent expirations.

The company also has one of the longest track records of exceeding earnings expectations, with an average EPS surprise of 1.89% in its last four quarterly reports.

Image Source: Zacks Investment Research

JNJ's Valuation Still Looks ReasonableDespite recently reaching new highs, Johnson & Johnson's valuation remains relatively attractive compared to many large-cap healthcare peers and the broader market.

JNJ currently trades at 22X forward earnings, which is slightly beneath the benchmark S&P 500 while trading near its Zacks Large Cap Pharmaceuticals Industry average of 20X.

Image Source: Zacks Investment Research

That valuation appears attractive considering the company's:

Diversified pharmaceutical portfolioGrowing medical device businessConsistent free cash flow generationExceptional balance sheetStable earnings profileAnalysts also project adjusted EPS to continue growing in the high single digits over the next two fiscal years, supporting the argument that today's valuation is supported by improving fundamentals rather than speculative enthusiasm.

For long-term investors seeking quality rather than rapid multiple expansion, JNJ still offers an attractive risk-reward profile.

Image Source: Zacks Investment Research

JNJ Remains a Dividend PowerhouseOne of JNJ's biggest investment attractions remains its dividend.

Johnson & Johnson is a Dividend King, having increased its dividend for more than six consecutive decades, making it one of the longest-running dividend growth stories in the market.

JNJ's dividend yield of 2.09% is roughly on par with its industry average and remains comfortably above the S&P 500’s 1.03% average, while being supported by:

Strong recurring cash flowsInvestment-grade balance sheetDiversified healthcare operationsConservative payout ratio (48%)Unlike many high-yield companies that sacrifice growth to support payouts, Johnson & Johnson has consistently demonstrated its ability to invest heavily in research, acquisitions, and innovation while continuing to reward shareholders through annual dividend increases.

For income-oriented investors, that combination of dependable dividend growth and capital appreciation potential remains difficult to match among large-cap healthcare companies.

Image Source: Zacks Investment Research

Can JNJ Stock Reach Higher Highs?Momentum has clearly improved over the past several weeks, with investors rotating back toward high-quality defensive names as the Q2 earnings season approached.

If Johnson & Johnson delivers another earnings beat, raises guidance, or provides encouraging commentary surrounding its pharmaceutical pipeline and MedTech businesses, the stock could have room to extend its recent breakout.

Of course, expectations have also risen following the recent rally, meaning management's guidance could prove just as important as the quarterly results themselves.

Fortunately, Johnson & Johnson's diversified business model has historically allowed it to navigate economic uncertainty better than many companies, making it an appealing option for investors seeking steady long-term compounders rather than highly volatile growth stocks.

Bottom LineJohnson & Johnson may not deliver the explosive upside of many AI leaders, but its combination of earnings consistency, reasonable valuation, industry-leading dividend growth, and improving business momentum continues to make the healthcare giant an attractive long-term holding.

A strong Q2 report could provide another catalyst for JNJ shares to push toward fresh highs, although much will depend on management's outlook for the remainder of 2026.

For now, Johnson & Johnson stock currently lands a Zacks Rank #3 (Hold), suggesting investors may want to await additional earnings estimate revisions following its upcoming Q2 report before initiating or expanding positions.

Emerson Electric (EMR - Free Report) closed at $135.38 in the latest trading session, marking a -2.52% move from the prior day. This move lagged the S&P 500's daily loss of 0.79%. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 1.55%.

The maker of process controls systems, valves and analytical instruments's stock has dropped by 2.93% in the past month, falling short of the Industrial Products sector's gain of 5.3% and the S&P 500's gain of 4.28%.

The investment community will be paying close attention to the earnings performance of Emerson Electric in its upcoming release. The company is expected to report EPS of $1.68, up 10.53% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.8 billion, up 5.48% from the year-ago period.

EMR's full-year Zacks Consensus Estimates are calling for earnings of $6.49 per share and revenue of $18.81 billion. These results would represent year-over-year changes of +8.17% and +4.41%, respectively.

Investors should also pay attention to any latest changes in analyst estimates for Emerson Electric. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 0.06% fall in the Zacks Consensus EPS estimate. Emerson Electric presently features a Zacks Rank of #4 (Sell).

With respect to valuation, Emerson Electric is currently being traded at a Forward P/E ratio of 21.4. Its industry sports an average Forward P/E of 22.61, so one might conclude that Emerson Electric is trading at a discount comparatively.

One should further note that EMR currently holds a PEG ratio of 2.22. 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. As the market closed yesterday, the Manufacturing - Electronics industry was having an average PEG ratio of 1.68.

The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 166, which puts it in the bottom 33% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

Roku (ROKU - Free Report) closed at $142.34 in the latest trading session, marking a +1.17% move from the prior day. This change outpaced the S&P 500's 0.79% loss on the day. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 1.55%.

The video streaming company's stock has dropped by 2.07% in the past month, falling short of the Consumer Discretionary sector's gain of 0.62% and the S&P 500's gain of 4.28%.

The upcoming earnings release of Roku will be of great interest to investors. The company is predicted to post an EPS of $0.61, indicating a 771.43% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.3 billion, indicating a 16.98% upward movement from the same quarter last year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.41 per share and revenue of $5.55 billion, indicating changes of +308.47% and +17.23%, respectively, compared to the previous year.

Investors should also pay attention to any latest changes in analyst estimates for Roku. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0% higher within the past month. At present, Roku boasts a Zacks Rank of #3 (Hold).

Digging into valuation, Roku currently has a Forward P/E ratio of 58.35. For comparison, its industry has an average Forward P/E of 13.28, which means Roku is trading at a premium to the group.

The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 69, positioning it in the top 29% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

In the latest trading session, Palo Alto Networks (PANW - Free Report) closed at $330.30, marking a +1.35% move from the previous day. This change outpaced the S&P 500's 0.79% loss on the day. Elsewhere, the Dow saw a downswing of 0.26%, while the tech-heavy Nasdaq depreciated by 1.55%.

The security software maker's shares have seen an increase of 16.56% over the last month, surpassing the Computer and Technology sector's gain of 3.44% and the S&P 500's gain of 4.28%.

The upcoming earnings release of Palo Alto Networks will be of great interest to investors. The company is predicted to post an EPS of $0.97, indicating a 2.11% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $3.35 billion, reflecting a 32.1% rise from the equivalent quarter last year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.77 per share and a revenue of $11.41 billion, representing changes of +12.87% and +23.71%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for Palo Alto Networks. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Palo Alto Networks is currently a Zacks Rank #3 (Hold).

In terms of valuation, Palo Alto Networks is presently being traded at a Forward P/E ratio of 86.45. This valuation marks a premium compared to its industry average Forward P/E of 49.95.

It is also worth noting that PANW currently has a PEG ratio of 6.51. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Security industry stood at 3.14 at the close of the market yesterday.

The Security industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 109, which puts it in the top 45% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

© ShutterstockProfessional / Shutterstock.com

Wedbush Securities tech strategist Dan Ives argued on CNBC on Monday that memory chips have become the most valuable slice of the AI supply chain, and that SK Hynix’s blockbuster U.S. listing debut on Friday is the clearest signal yet that capital is rotating toward American-listed AI infrastructure names. “Those are the golden child really of this AI revolution. The reality is you’re not going to have equilibrium in terms of demand and supply at least until 2028.”

Ives quantified the supply and demand imbalance he sees: “We continue to think demand [to] supply 15 to 1 in terms of the chips,” he said, adding that for the first time in 30 years, the U.S. is ahead of China in tech, a shift he expects will draw more foreign listings to New York.

Micron Is the Purest U.S. Play on the AI Memory Shortage The clearest expression of the memory rerating is Micron Technology (NASDAQ:MU | MU Price Prediction). Shares are up 243.33% year to date and 696.76% over the past year, carrying the company to a $1.1 trillion market cap. Fiscal Q3 revenue reached $41.456 billion, up 345.72% year over year, with GAAP gross margin expanding to 84.6% and non-GAAP EPS of $25.11 beating consensus expectations. Guidance calls for Q4 revenue of $50.0 billion ± $1.0 billion and roughly 86% gross margin.

CEO Sanjay Mehrotra told investors that “AI demand is driving DRAM and NAND data center bits TAM to exceed 50% of the industry TAM for the first time in calendar 2026” and that Micron can currently fulfill only “50% to two-thirds” of some customers’ demand. That is the supply squeeze Ives is monetizing thematically.

Why Dan Ives Still Likes Nvidia Ives argued that NVIDIA (NASDAQ:NVDA) and the hyperscalers have become “the shiny new toy, shiny new object in terms of memory. The ones that are actually at the center, whether it’s the hyperscalers or Nvidia, those are almost in the penalty box.”

Ives believes Nvidia still plays a central role in the AI industry: “There’s one chip in the world fueling the AI revolution, and that’s led by the godfather of AI, Nvidia. Where is memory without Nvidia? Where’s memory without the hyperscalers?”

Ives cited that NVIDIA trades at its lowest valuation since 2019, even as Q1 FY2027 revenue hit $81.61 billion, with Data Center at $75.25 billion. The stock trades at a forward P/E of 24 and closed at $203.53 on Monday against an analyst target price of $301.62.

Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.

For investors mapping the AI stack, our team has covered the theme in our Free Report: 7 Stocks Powering the AI Boom.

TSMC Confirms the AI Chip Boom Is Still Accelerating Ives pointed to Taiwan Semiconductor Manufacturing (NYSE:TSM) as a confirmation signal that the AI boom is accelerating. June revenue jumped 67.9% year over year to NT$442.68 billion, with first-half 2026 cumulative revenue of NT$2,404.48 billion, up 35.6%. Q2 results land July 16, 2026, three days from Ives’s segment. The stock is up 43.57% year-to-date.

Companies Making Money From the Memory-Chip Supercycle Broadcom (NASDAQ:AVGO) posted Q2 AI semiconductor revenue of $10.80 billion, up 143% year over year, and guided Q3 AI revenue to $16.00 billion, over 200% growth. CEO Hock Tan tied the growth to “increasing demand for custom AI accelerators and AI networking.”

Lam Research (NASDAQ:LRCX) sells the deposition and etch tools that make HBM possible. Fiscal Q3 revenue reached $5.84 billion, up 23.8% year over year, with June-quarter guidance of $6.60 billion. South Korea and Taiwan together account for 46% of revenue, direct exposure to the SK Hynix and TSMC HBM ramps. Shares are up 105.04% year to date.

Key Takeaways Ives’s broader argument is that memory chips have become one of the most valuable and supply-constrained parts of the AI infrastructure buildout. Micron offers the clearest direct exposure among U.S. companies, while NVIDIA, TSMC, Broadcom, and Lam Research each provide exposure to a different layer of the same investment cycle.

The next major signals to watch include TSMC’s July 16 earnings report, the start of HBM4E volume production in 2027, and any additional U.S. listings from Asian chipmakers.

Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.

Contact [email protected] for any questions or corrections.

In the latest trading session, Louisiana-Pacific (LPX - Free Report) closed at $72.20, marking a -1.31% move from the previous day. This change lagged the S&P 500's 0.79% loss on the day. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 1.55%.

Shares of the home construction supplier witnessed a loss of 2.51% over the previous month, trailing the performance of the Construction sector with its gain of 2.79%, and the S&P 500's gain of 4.28%.

The investment community will be paying close attention to the earnings performance of Louisiana-Pacific in its upcoming release. The company is slated to reveal its earnings on August 5, 2026. On that day, Louisiana-Pacific is projected to report earnings of $0.64 per share, which would represent a year-over-year decline of 35.35%. Meanwhile, our latest consensus estimate is calling for revenue of $683 million, down 9.54% from the prior-year quarter.

For the full year, the Zacks Consensus Estimates are projecting earnings of $2 per share and revenue of $2.57 billion, which would represent changes of -24.53% and -5%, respectively, from the prior year.

Investors should also pay attention to any latest changes in analyst estimates for Louisiana-Pacific. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Louisiana-Pacific is carrying a Zacks Rank of #3 (Hold).

In terms of valuation, Louisiana-Pacific is presently being traded at a Forward P/E ratio of 36.58. Its industry sports an average Forward P/E of 28.6, so one might conclude that Louisiana-Pacific is trading at a premium comparatively.

One should further note that LPX currently holds a PEG ratio of 1.84. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Building Products - Wood was holding an average PEG ratio of 1.53 at yesterday's closing price.

The Building Products - Wood industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 171, which puts it in the bottom 31% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

Rossmann, CoStar Group's Managing Director, Europe, brings more than two decades of financial and operational leadership — over the past two years reducing the Company's European cost structure by 25% while delivering double-digit revenue growth and launching CoStar in France

ARLINGTON, Va.--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today announced the appointment of Robin Rossmann as Chief Financial Officer, effective July 31, 2026, succeeding Christian Lown, who is stepping down to pursue an opportunity outside the Company's industry. Rossmann will report to Andy Florance, Founder and Chief Executive Officer of CoStar Group.

Rossmann will lead CoStar Group's global finance organization, overseeing the Company's financial and operational performance, capital allocation, financial planning and investor engagement as CoStar Group continues to expand its global platforms, increase profitability and create long-term value for shareholders.

Rossmann currently serves as CoStar Group's Managing Director, Europe, and is a member of the Company's executive leadership team. Over the past two years, he has distinguished himself by dramatically improving the margins of CoStar Group's European business — eliminating approximately $51 million in costs, roughly 25% of the European cost structure — while delivering double-digit revenue growth and launching CoStar in France. Rossmann joined STR in 2016, leading its businesses across EMEA, Asia Pacific and Latin America, and became part of CoStar Group through the Company's acquisition of STR in 2019. Over the past decade with STR and CoStar Group, he has played a central role in launching CoStar Group products across global markets, executing and integrating acquisitions, scaling international operations and advancing strategic initiatives that have strengthened the Company's competitive position.

"Robin is a rare executive who combines deep financial expertise with proven operating leadership and a demonstrated ability to dramatically reduce costs while accelerating growth," said Andy Florance, Founder and Chief Executive Officer of CoStar Group. "During his time with CoStar Group, he has consistently delivered outstanding operating performance across our international businesses — driving strong organic revenue growth, expanding margins, successfully integrating acquisitions and launching our products in new markets. Robin knows our business, strategy and culture exceptionally well, and is deeply respected across our leadership team. I look forward to partnering with him as we sharpen our focus on margin expansion and profitable growth."

"CoStar Group has built one of the strongest and most differentiated real estate technology companies in the world," said Rossmann. "I am honored to assume the role of Chief Financial Officer at such an exciting point in the Company's evolution. I look forward to partnering with Andy, our leadership team and our employees to drive disciplined capital allocation, enhance operational efficiency, expand margins and support continued profitable growth while delivering long-term value for our shareholders."

Prior to joining STR, Rossmann, a Chartered Accountant, spent 13 years at Deloitte, where he served as a Senior Director advising many of the world's leading public and private real estate and hospitality companies across the United States, the United Kingdom and other international markets. His experience included financial assurance, internal controls and risk management, financial and commercial due diligence, capital markets transactions, debt advisory, valuation, business planning and investment appraisal.

Lown will step down as Chief Financial Officer effective July 31, 2026. His departure was not the result of any disagreement with the Company relating to the Company's operations, policies or practices.

"On behalf of the Board of Directors and the entire CoStar Group team, I want to thank Chris for his contributions during his tenure with the Company," said Florance. "We appreciate his service and wish him continued success in his future endeavors."

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world's real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group's major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia's leading property marketplaces. The Company's industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group's websites attracted 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, the Company is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, CoStar Group plans to utilize its corporate website as a channel of distribution for material Company information. For more information, visit www.CoStarGroup.com.

This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about CoStar Group's plans, objectives, expectations, beliefs and intentions and other statements including words such as “hope,” “anticipate,” “may,” “likely,” “might,” “believe,” “expect,” “observe,” “consider,” “think,” “intend,” “envision,” “will,” “should,” “could,” “would,” “plan,” “target,” “goal,” “estimate,” “predict,” “continue,” “commit,” and “potential” or the negative of these terms or other comparable terminology. Such statements are based upon the current beliefs and expectations of management of CoStar Group and are subject to many risks and uncertainties. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements. The following factors, among others, could cause or contribute to such differences: our inability to attract and retain new clients; our inability to successfully develop and introduce new or updated online marketplace services, information, and analytics; our inability to compete successfully against existing or future competitors in attracting advertisers and in general; the effects of fluctuations and market cyclicality; the effects of global economic uncertainties and downturns or a downturn or consolidation in the real estate industry; our inability to hire qualified persons for, or retain and continue to develop our sales force, or unproductivity of our sales force; our inability to retain and attract highly capable management and operating personnel; the downward pressure that our internal and external investments may place on our operating margins; our inability to increase brand awareness; our inability to maintain or increase internet traffic to our marketplaces, and the risk that the methods, including Google Analytics, that we use to measure average monthly unique visitors to our portals may misstate the actual number of unique persons who visit our network of mobile applications and websites for a given month or may differ from the methods used by competitors; our inability to attract new advertisers; our inability to successfully identify, finance, integrate, and/or manage costs related to acquisitions; our inability to complete certain strategic transactions if a proposed transaction is subject to review or approval by regulatory authorities pursuant to applicable laws or regulations; our inability to realize the benefits of the acquisitions of Matterport, LLC (“Matterport”) and Domain Holdings Australia Pty Limited; the inability of third-party suppliers upon which Matterport relies to fulfill its needs; the effects of cyberattacks and security vulnerabilities, and technical problems or disruptions; the significant costs associated with undertaking a large infrastructure project; our inability to generate increased revenues from our current or future geographic expansion plans; the risks related to acceptance of credit cards and debit cards and facilitation of other customer payments; the effects of climate-related events and other events beyond our control; the effects related to attention to climate-related risks and opportunities; our inability to obtain and maintain accurate, comprehensive, or reliable data; our inability to obtain and maintain stable data feeds, or disruption of our data feeds; our inability to enforce or defend our ownership and use of intellectual property; the effects of use of new and evolving technologies, including artificial intelligence, on our ability to protect our data and intellectual property from misappropriation by third parties; our inability to defend against potential legal liability for collecting, displaying, or distributing information; our inability to obtain or retain listings from real estate brokers, agents, property owners, and apartment property managers; our inability to maintain or establish relationships with third-party listing providers; our inability to comply with the rules and compliance requirements of Multiple Listing Services; the risks related to open source software; the risks related to international operations; the effects of foreign currency exchange rate fluctuations; our indebtedness; the effects of a lowering or withdrawal of the ratings assigned to our debt securities by rating agencies; the effects of any actual or perceived failure to comply with privacy or data protection laws, regulations, or standards; the effects of changes in tax laws, regulations, or fiscal and tax policies; the effects of third-party claims, litigation, regulatory proceedings, or government investigations; the risks related to return on investment; and the risks related to the specific timing, price, and size of repurchases under the Stock Repurchase Program, including that the Stock Repurchase Program may be suspended or discontinued at any time at the Company’s discretion. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar Group’s filings from time to time with the Securities and Exchange Commission (the “SEC”), including in CoStar Group’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, each of which is filed with the SEC, including in the “Risk Factors” section of those filings, as well as CoStar Group’s other filings with the SEC (including Current Reports on Form 8-K) available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar Group on the date hereof, and CoStar Group assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

-

Dexcom G7 15 Day is the longest‑lasting and most accurate1-4 CGM system authorized by Health Canada, providing real-time glucose readings for an industry-leading 15.5 days5.

BURNABY, British Columbia--(BUSINESS WIRE)--Dexcom, Inc. (NASDAQ: DXCM), the global leader in glucose biosensing, announced today that Health Canada has authorized the Dexcom G7 15 Day Continuous Glucose Monitoring System (CGM) for people 18 years and older living with diabetes.

Dexcom G7 15 Day is the longest‑lasting and most accurate1-4 CGM system authorized by Health Canada, providing real‑time glucose readings for an industry‑leading 15.5 days5. Building on the performance of Dexcom CGM which is clinically proven to lower A1C and increase time in range6-10, Dexcom G7 15 Day sets a new standard in CGM technology that’s easy to use, painless to insert* and requires fewer sensor changes per month.

Diabetes is a complex and challenging condition that affects more than four million Canadians11 and requires around-the-clock management of glucose levels and decision‑making to manage safely.

“Small improvements can make a meaningful difference for people living with diabetes. Dexcom G7 15 Day reflects our ongoing commitment to simpler, more seamless diabetes management,” said André Côté, Vice President and General Manager, Dexcom Canada.

New with Dexcom G7 15 Day:

Longest lasting CGM system with 15.5 days of wear.5 Best-in-class accuracy with an overall MARD of 8.0%.1-4 Easier glucose management with fewer monthly sensor changes and reduced waste. Dexcom G7 features included with Dexcom G7 15 Day:

The only waterproof† CGMs available Direct to Apple Watch‡ connectivity, so you can leave your phone behind and still see your glucose numbers. 12-hour grace period to replace finished sensors for a more seamless transition between sessions. Innovative and simple mobile app with Dexcom Clarity integration to easily view glucose patterns, trends and statistics for meaningful conversations with your healthcare provider.§ Ability to remotely share glucose numbers with caregivers and loved ones for added support and peace of mind. ||,12 Customizable alert settings for improved discretion and personalized diabetes management. While authorized by Health Canada, Dexcom G7 15 Day is not yet available for purchase. André Côté shares, “Our focus is on ensuring that when the product becomes available, Canadians living with diabetes and their healthcare providers have the support, education, and experience they need from day one. We look forward to sharing more details as we move closer to availability.”

Visit Dexcom.com to get started with Dexcom G7 today, and register your details to opt in and receive information when Dexcom G7 15 Day becomes available.

About Dexcom

Dexcom empowers people to take control of health through innovative biosensing technology. Founded in 1999, Dexcom has pioneered and set the standard in continuous glucose monitoring for more than 25 years. Its technology has transformed how people manage diabetes and track their glucose, helping them feel more in control and live more confidently.

Dexcom. Discover what you’re made of. For more information, visit www.dexcom.com.

Category: IR

* 96% of patients reported mild/no pain.

† The Dexcom G7 Sensor is waterproof and may be submerged under eight feet of water for up to 24 hours without failure when properly installed.

‡ Smart devices sold separately. To view a list of compatible devices, visit dexcom.com/compatibility. Compatible smartphone is required to pair a new Dexcom G7 sensor with a compatible Apple Watch.

§ An internet connection is required for users to send their glucose data to Dexcom Clarity via a compatible smart device: dexcom.com/compatibility. Healthcare providers will only be able to view a patient’s glucose data if the patient elects to share it with them through Dexcom Clarity.

|| Separate Dexcom Follow app and internet connection required. Users should always confirm readings on the Dexcom G7 app or receiver before making treatment decisions.

1 Garg SK, et al. Diabetes Technol Ther. 2025;27(6):413-502.

2 Dexcom G7 15 Day User Guide.

3 FreeStyle Libre 3+ User Manual.

4 Medtronic Guardian Sensor User Guide.

5 Dexcom, Data on File, 2025.

6 Beck RW, et al. JAMA. 2017;317(4):371-378.

7 Beck RW, et al. Ann Intern Med. 2017;167(6):365-374.

8 Martens T, et al. JAMA. 2021;325(22):2262-2272.

9 Laffel LM, et al. JAMA. 2020;323(23):2388-2396.

10 Welsh JB, et al. J Diabetes Sci Technol. 2024;18(1):143-147.

11 Diabetes Canada. Diabetes in Canada. https://www.diabetes.ca/advocacy-policies/advocacy-reports/national-and-provincial-backgrounders/diabetes-in-canada. Accessed May 7, 2026.

12 Polonsky WH, Fortmann AL. Diabetes Technol Ther. 2021;23(3):195-202.

More News From DexCom, Inc.

Back to Newsroom

ARLINGTON, Va., July 13, 2026 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. ("Fluence") (NASDAQ: FLNC), a global market leader delivering intelligent energy storage systems, services, and asset optimization software, today announced an agreement with Avantus to provide its advanced Smartstack™ energy storage solution and turnkey Engineering, Procurement, and Construction (EPC) services for the Rexford 2 project.

Located in Tulare County, California, Rexford 2 will include a 200 MW / 800 MWh battery energy storage system paired with a solar facility. Once operational, the project is expected to deliver firm, on-demand capacity to the California grid, enough to power 84,000 Southern California homes with clean, reliable energy.

Fluence will deploy its 4-hour duration Smartstack system incorporating U.S. domestic content. The system will utilize Fluence’s network of partner manufacturing facilities in states including Utah, South Carolina, and Texas, where key components such as battery cells, modules, enclosures, and thermal management systems are produced. By drawing on this U.S.-based manufacturing network, the project will support the continued advancement of domestically produced energy storage technology.

“Delivering a project of this magnitude requires deep expertise to help ensure long-term performance. By combining our end-to-end EPC capabilities with our advanced, U.S.-built Smartstack solution, we are streamlining deployment for Avantus,” said John Zahurancik, Chief Customer Success Officer at Fluence. “We are proud to leverage our proven track record to build a highly reliable and flexible power foundation for California’s energy future.”

“Providing affordable, reliable clean energy solutions at scale requires the right partners. Our work with Fluence on Rexford 2 will strengthen the grid, build domestic supply chains, and bring much-needed energy capacity to California,” said Tony Frontino, Executive Vice President of Strategic Sourcing and Asset Management at Avantus.

Rexford 2 is expected to create more than 500 union jobs at peak construction, in addition to permanent local operations roles. The project is projected to generate hundreds of millions of dollars in local tax revenue for Tulare County, supporting public services and infrastructure. Additionally, Rexford 2 will be constructed on previously disturbed land, minimizing environmental impacts.

Construction is expected to begin in 2027, and the project is targeted to reach commercial operation in late 2028.

About Fluence  
Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The company's solutions and operational services are helping to create a more resilient grid, from powering the next generation of AI-driven data centers to unlocking the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed, and under management across nearly 50 markets, the company is transforming the way we power our world for a more sustainable future.

For more information, visit our website, or follow us on LinkedIn or X. To stay up to date on the latest industry insights, sign up for Fluence's Full Potential Blog.  

Cautionary Note Regarding Forward-Looking Statements
The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the anticipated operational performance of the Rexford 2 project, including capacity, projected construction and commercial operation timelines, expected impact of these projects on the local economy, including local labor force, tax revenue, public services and infrastructure, and environment, de-risking expectations, and statements regarding beliefs, assumptions, prospects, plans, and objectives of management. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as "may," "possible," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "commits", "believes," "estimates," "predicts," "potential," or "continue," or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, severe weather events impacting the project and timelines, changes to the regulatory environment in the United States and/or California, general economic conditions, the potential for political, social, or economic unrest, terrorism, hostilities or war, unforeseen circumstances outside of Fluence’s control which may cause the energy storage system to not perform as anticipated, and such factors set forth under Item 1A."Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025, filed with the Securities and Exchange Commission ("SEC") on November 29 2025, and in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.

Media Contact
Shayla Ebsen, Director of Communications
Email: [email protected]

Analyst Contact
Chris Shelton, Vice President of Finance, GID, and IR
Email: [email protected]

Key Takeaways MaxLinear's infrastructure revenue surged 136% in first-quarter 2026, led by optical data center products.MaxLinear raised its 2026 optical data center revenue outlook to $150 million-$170 million.MaxLinear used $8.9 million in operating cash flow as inventory and wafer capacity needs increased. MaxLinear (MXL - Free Report) has a clearer growth story than it had a year ago, but not a simpler one. Optical data center products are moving from promise to production, giving investors a visible AI-linked revenue driver.

The offset is timing. Broadband, connectivity and industrial demand remain uneven, while the optics ramp is pulling cash into inventory and wafer capacity before revenue fully converts into operating cash flow.

MaxLinear’s Business Mix is ChangingMaxLinear is a fabless semiconductor company serving broadband, wired and wireless infrastructure, data centers and industrial applications. Its products combine radio frequency, analog, mixed-signal, digital signal processing, networking, compression, security and power management technologies.

The mix is shifting. In 2025, Broadband represented 44% of revenues, Infrastructure accounted for 32%, Connectivity made up 17% and Industrial and Multi-Market contributed 8%. Customers include original equipment manufacturers, original design manufacturers, module makers and distributors, with the top 10 customers accounting for about 65% of 2025 revenues.

MXL Optics Ramp is Driving the ThesisInfrastructure has become the clearest growth engine. The segment grew 136% year over year in the first quarter of 2026 and became MaxLinear’s largest revenue category, driven by optical data center-oriented platforms.

Keystone, the company’s PAM4 digital signal processor platform, is ramping at multiple major hyperscale customers across the United States and Asia. Management raised its 2026 optical data center revenue outlook to $150-$170 million and expects a step-function increase beginning in the second quarter.

MaxLinear expects production ramps for Rushmore, its 200 gigabit per lane PAM4 digital signal processor for 1.6 terabit platforms, to begin in late 2026, with growth continuing into 2027.

MaxLinear Has More Than One Growth LeverOptics is not the only route to growth. Panther storage accelerators are gaining design-win activity, and management expects storage accelerator revenues to at least double in 2026 from 2025 levels.

MaxLinear has also won USB bridge controller designs with two major hyperscalers for rack-level artificial intelligence system management. Its first XGS-PON design win at a U.S. hyperscale data center through a Tier 1 OEM partner adds another data center adjacency.

MaxLinear is executing fiber passive optical network and Wi-Fi 7 gateway deployments with a second major North American Tier 1 service provider, with additional European ramps expected later in 2026. DOCSIS 4.0 certifications are complete.

MXL Risks Still Limit a Bullish CallThe issue is not whether MaxLinear has growth avenues. The issue is whether the company can fund and time them without creating new earnings and cash-flow volatility.

Data center ramps require wafer prepayments and inventory builds. At March 31, 2026, inventory rose to $85.8 million from $78.1 million at year-end 2025, while cash and cash equivalents declined to $61.1 million from $72.8 million.

Operating cash flow remains a watch item. MaxLinear used $8.9 million of cash in operating activities in the first quarter of 2026, reflecting the working-capital demands that come with preparing for larger optics programs.

Customer timing is another constraint. Broadband is still digesting prior growth, DOCSIS deployment depends on operator readiness and early hyperscaler programs can be concentrated. The terminated Silicon Motion deal also remains a legal overhang.

MXL Faces Stiff CompetitionMaxLinear faces stiff competition from the likes of Broadcom (AVGO - Free Report) , Marvell (MRVL - Free Report) and MACOM Technology (MTSI - Free Report) .

Broadcom is MaxLinear's strongest competitor in high-speed networking and AI infrastructure, backed by a far broader portfolio spanning custom AI accelerators, Ethernet switching, optical interconnects, broadband chips and enterprise software. Broadcom's leadership in hyperscale networking and custom silicon gives it significantly greater scale and customer reach.

Marvell competes directly with MaxLinear in optical DSPs, networking silicon and data center connectivity. Marvell already has an established position in electro-optics through its PAM4 DSPs, optical networking processors and custom silicon business, making it one of the primary beneficiaries of AI-driven data center spending.

MACOM competes with MaxLinear across optical networking, RF, analog and high-speed semiconductor solutions serving data centers, telecom and defense markets. MACOM has built a strong franchise in optical components, including lasers, drivers, TIAs and RF technologies, giving it deep exposure to AI networking infrastructure.

ConclusionThe bottom line is that MaxLinear has visible upside drivers, but the proof point is still conversion. Optics must translate from orders and ramps into durable revenues, earnings leverage and cash generation. Stiff competition remains a headwind.

MaxLinear currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Options and derivatives marketplace Cboe Global Markets (CBOE +3.19%) plans to launch new extended trading hours for select multi-exchange mega-cap stock options.

The extended hours will see the market open for options trading for these select stocks at 7:30 a.m. ET, two hours earlier than the major indexes open for trading. It will stay open until 4:15 p.m. ET, 15 minutes past the rest of the markets. This is for Monday through Friday only.

The 20 or so select stocks are all mega-caps, including all the Magnificent Seven stocks -- Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla. It also includes big names like Broadcom, Palantir, and Advanced Micro Devices.

This is a huge development for Cboe and the markets in general. Now, for the first time, investors will be able to trade stock options for the Magnificent Seven and other market movers two hours before the market opens. That is beneficial for Cboe. Here's why.

Image source: Getty Images.

Cboe thrives on volatility Cboe generates most of its revenue from fees tied to trading on its index. So, the more volatility there is, and the higher the Cboe Volatility Index (VIX) goes, the more revenue Cboe typically generates. So with trading hours extended, it would lead to additional trading and revenue.

In the first quarter, the VIXEQ, Cboe's Constituent Volatility Index, skyrocketed. The VIXEQ measures the volatility of single stocks as opposed to the whole market. The VIXEQ is currently at 50, the highest its been sinced the tariff spike in April 2025 and one of the highest levels in the past five years.

But more importantly, the spread between the VIX and the VIXEQ is at historically wide levels as the VIX is at a pretty normal level -- 15. This means that single stocks are highly volatile, but that voilàtility is masked by a seemingly calm overall VIX.

It is no coincidence that Cboe had a record Q1, with revenue up 29% and earnings up 54% year over year. Options revenue increased 33%, due to a 10% increase in options average daily volume. Transaction and clearing fees for options were up 34%. Equity revenue also set a record, up 18% year over year, with transaction and clearing fees rising 40%.

Cboe stock spiked to an all-time high of $366 per share on May 13, and at that time it was up 46% year to date. It has since come crashing back down on perhaps several factors. There may have been profit-taking, particualrly after the company announced layoffs and volatility appeared to have subsided. Now, Cboe stock is trading at $265 per share, up about 5% YTD.

Cboe Predicts Cboe is also rolling out a new prediction markets product, in conjunction with Charles Schwab, called Cboe Predicts.

It will allow users to trade on predictions about financial markets. The prediction market product and extended trading hours should help Cboe boost revenue, which could help support revenue when markets are less volatile than they were in Q1.

The VIX has settled down and is back in a more normal range but the VIXEQ is extremely high. With the VIXEQ high, large-cap stocks still overvalued, and geopolitical conflicts ongoing, Cboe stock should be one to keep on your radar.

Cboe stock is trading at a more reasonable level at 22 times earnings. The stock has a median price target of $325 per share, which would represent a 21% increase in price.

Cboe stock might be worth buying at this valuation, because if the market gets wild again, you know youʻll have a stock that thrives on volatility.

Dave Kovaleski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Apple, Broadcom, Meta Platforms, Microsoft, Nvidia, Palantir Technologies, and Tesla. The Motley Fool recommends Cboe Global Markets. The Motley Fool has a disclosure policy.