The Campbell's Company (CPB -6.96%), a branded packaged foods provider, closed at $22.13, down 6.96%. Thursday's sell-off followed weaker fiscal fourth-quarter profitability, a sales miss, and a dividend reduction.
Trading volume reached 37.4 million shares, coming in about 343% above its three-month average of 8.4 million shares.
How the markets moved todayThe S&P 500 (^GSPC +1.06%) rose 1.07% to 7,748, and the Nasdaq Composite (^IXIC +1.40%) gained 1.40% to 26,584. Among packaged-food rivals, Kraft Heinz (KHC -3.20%) closed at $25.42, down 3.20%, while General Mills (GIS -3.25%) ended at $39.26, down 3.25%, underscoring pressure across packaged foods and meats, as well as branded shelf-stable foods and beverages.
What this means for investorsIncome investors already owning the stock will be disappointed with what they heard from Campbell's today. A 36% dividend cut was announced as part of a plan for the food company to shore up its balance sheet amid inflationary pressures and dropping sales. The company is also implementing a new $500 million cost-savings plan through 2030.
The new $0.25 quarterly dividend still provides a relatively high annual yield of 4.5%, making shares a potential buy for those seeking income. That doesn't help existing shareholders, though, who now face a lower dividend payment on top of a 20% year-to-date decline in the shares.
If the company's turnaround plan is successful, though, new money in the stock with many popular brands could prove to beat the market over the long term.
It would probably be prudent to give it some time and watch the company implement cost-cutting measures first.
Howard Smith has no position in any of the stocks mentioned. The Motley Fool recommends Campbell's and Kraft Heinz. The Motley Fool has a disclosure policy.
Palantir Gains on Expanded PwC Deal: AI Push Gets Another Major Boost Summary
Palantir expands its PwC relationship as both sides target AI deployments across major corporate operations
Palantir Technologies PLTR is gaining after expanding its work with PwC US, giving the software company another channel to bring its artificial intelligence tools into large corporate projects.
The collaboration will cover areas including mergers and acquisitions, enterprise AI deployments and complex business planning. The expanded relationship could help broaden Palantir's exposure to commercial customers as companies increase spending on data and automation.
The company still faces risks tied to its customer mix and the timing of large contracts. Shifts in government spending or delays in major renewals could make quarterly results less predictable.
The PwC expansion may strengthen Palantir's commercial AI opportunity, but investors will likely watch whether new partnerships translate into recurring revenue.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Chubb v poslední seanci vzrostl o 2,6 % na 348,25 USD a překonal 1,06% růst indexu S&P 500. Před výsledky se očekává EPS 6,22 USD, meziročně o 16,96 % méně.
In the latest trading session, Chubb (CB - Free Report) closed at $348.25, marking a +2.6% move from the previous day. This change outpaced the S&P 500's 1.06% gain on the day. Meanwhile, the Dow gained 1.18%, and the Nasdaq, a tech-heavy index, added 1.4%.
Prior to today's trading, shares of the insurer had lost 3.72% lagged the Finance sector's gain of 0.85% and the S&P 500's gain of 2.46%.
The investment community will be paying close attention to the earnings performance of Chubb in its upcoming release. In that report, analysts expect Chubb to post earnings of $6.22 per share. This would mark a year-over-year decline of 16.96%. Alongside, our most recent consensus estimate is anticipating revenue of $16.71 billion, indicating a 3.59% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $27.35 per share and a revenue of $64.33 billion, demonstrating changes of +10.33% and +7.29%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Chubb. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.33% higher. Chubb presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, Chubb is holding a Forward P/E ratio of 12.41. For comparison, its industry has an average Forward P/E of 11.55, which means Chubb is trading at a premium to the group.
One should further note that CB currently holds a PEG ratio of 1.62. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Insurance - Property and Casualty industry was having an average PEG ratio of 1.71.
The Insurance - Property and Casualty industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 60, placing it within the top 25% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Abraxas Capital nakoupila 16 554 ETH za zhruba 39 milionů USD, zatímco na Hyperliquid drží shorty na 120 178 ETH. Firma tak dál kombinuje nákupy spotu s hedgeováním poklesu.
Abraxas Capital, a London-based digital asset firm managing over $4 billion, just scooped up 16,554 ETH worth roughly $39 million. At the same time, the firm is sitting on 120,178 ETH in short positions on Hyperliquid, the decentralized perpetual futures exchange.
The two-sided trade The firm’s short exposure on the platform has frequently exceeded $700 to $900 million in gross positions across ETH, Bitcoin, and Solana. Of that, Ethereum consistently accounts for the largest single-asset chunk, with ETH shorts ranging between $120 million and $194 million depending on the day.
Earlier in August, Abraxas withdrew 73,872 ETH from Binance over a four-day stretch, a haul worth approximately $173 million. The latest 16,554 ETH purchase adds to that accumulation pattern.
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Abraxas is collecting ETH at spot prices while using short positions to earn funding rates and hedge against downside risk. When the market pays you to hold shorts (because long traders are paying a premium), you can accumulate the underlying asset while your short positions generate yield.
Profits in the hundreds of millions On August 29, Abraxas posted a $21 million profit in a single 24-hour window, generated from a portfolio containing $472 million in short positions. That kind of daily return, roughly 4.4% on the short book alone, illustrates why the firm keeps scaling into this approach.
The total short exposure has at times ballooned to between $598 million and $783 million across all assets on Hyperliquid. On-chain analysts have been tracking Abraxas’s wallets closely, and the firm frequently ranks among the platform’s top traders by volume.
Why Hyperliquid matters here Hyperliquid operates on its own Layer-1 blockchain and has carved out a niche as the go-to venue for on-chain perpetual futures trading. Its native token, HYPE, has attracted attention partly because institutional players like Abraxas are generating enormous volume on the platform.
What this means for the ETH market The dual approach of accumulating spot ETH while maintaining enormous short positions suggests Abraxas is positioning for multiple scenarios. If ETH drops, the shorts profit. If ETH rises, the spot holdings appreciate. And regardless of direction, funding rates from perpetual futures provide a steady income stream.
A sudden ETH rally would generate unrealized losses on the shorts that need to be managed carefully, even if the spot book offsets some of that pain. Abraxas has faced unrealized losses during volatile stretches, though cumulative profits have remained positive.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Docusign ve 2. čtvrtletí překonal odhady tržeb i upraveného zisku na akcii a zvýšil výhled tržeb na fiskální rok 2027. Akcie v after-hours vzrostly o 5,35 %.
Docusign Inc (NASDAQ:DOCU) posted financial results for the second quarter of fiscal 2027 after the bell on Thursday. Here’s a look at the key metrics from the quarter.
Docusign stock is moving. Where is DOCU stock going? Docusign Q2 HighlightsDocusign posted second-quarter revenue of $875.75 million, beating the consensus estimate of $857.43 million, according to Benzinga Pro. The agreement management company reported adjusted earnings of $1.16 per share for the quarter, beating estimates of $1.09 per share.
Total revenue was up 9% year-over-year. Net cash from operations totaled $334.5 million, and free cash flow came in at $295.8 million in the quarter.
Docusign said it repurchased $306.5 million of its common stock during the quarter. The company ended the period with $973.1 million in cash, cash equivalents and investments.
Docusign expects third-quarter revenue to be in the range of $886 million to $890 million versus estimates of $888.56 million. The company also raised its fiscal 2027 revenue outlook to $3.499 billion to $3.507 billion, up from $3.49 billion to $3.502 billion, versus estimates of $3.497 billion.
“Docusign is raising its outlook as AI accelerates momentum across the business,” said Allan Thygesen, CEO of Docusign.
Docusign management will discuss the quarter on an earnings call with investors and analysts at 5 p.m. ET.
DOCU Shares Move HigherDOCU Price Action: Docusign shares were up 5.35% in after-hours trading at $69.73 at the time of publication on Thursday, according to Benzinga Pro.
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BlackRockův spotový Bitcoin ETF IBIT v denním obchodování vyskočil téměř o 6 % díky zhruba 300 milionům USD čistých přílivů. Fond tak dál dominuje americké kategorii spotových Bitcoin ETF.
BlackRock’s iShares Bitcoin Trust (IBIT) surged nearly 6% on the day, fueled by roughly $300 million in daily net inflows.
The numbers behind the dominance On August 27, the fund pulled in $277.6 million in net inflows, a figure that actually exceeded the entire US spot Bitcoin ETF category’s net inflow of $242 million for that same day. That math only works because competing funds experienced outflows, meaning IBIT was not just winning the race but lapping the field while other runners stumbled backward.
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The pattern repeated on September 2, when IBIT attracted $115.4 million. That came a day after the broader category posted a $236.5 million outflow, making the rebound even more notable. The category’s total for September 2 landed at $101.1 million in net inflows, with IBIT doing more than all the heavy lifting.
August as a whole was a strong month across the board, with total category inflows reaching approximately $3.5 billion. IBIT captured somewhere between 70% and 90% of total flows during peak periods.
The fund’s assets under management now sit at an estimated $60 billion, with cumulative net inflows since its January 2024 launch exceeding $63 billion. The entire US spot Bitcoin ETF category’s AUM has approached $97 billion to $100 billion, meaning IBIT alone accounts for roughly 60% of the whole pie.
Why BlackRock keeps winning BlackRock manages over $10 trillion across its platform. Competitors like Fidelity’s FBTC and Ark 21Shares’ ARKB have attracted meaningful flows of their own, but neither has come close to challenging IBIT’s dominance on a sustained basis.
What this means for Bitcoin and crypto markets Bitcoin’s price has been hovering in the mid-to-high $70,000s during this period, and the sustained ETF inflows provide a structural demand floor that did not exist in prior market cycles. Before January 2024, institutional investors who wanted Bitcoin exposure had to navigate custody solutions, futures contracts, or trust vehicles trading at persistent premiums or discounts to net asset value.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
ProCap Financial just sold 50 Bitcoin to buy back more than 2% of its outstanding shares at roughly a 40% discount to net asset value. The company now holds approximately 5,305 BTC, making it one of the larger publicly traded Bitcoin treasury firms on the Nasdaq.
When a company’s stock trades at a 40% discount to the value of the assets backing it, every dollar spent on buybacks effectively acquires $1.67 worth of Bitcoin exposure. For remaining shareholders, each share now represents a bigger slice of the company’s Bitcoin pile.
The buyback playbook This isn’t ProCap’s first time running this particular play. Back on June 1, 2026, the company sold roughly 52 BTC to fund a repurchase of 2 million shares, that time at an even steeper discount of approximately 50% to NAV.
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The pattern is deliberate. ProCap has a board-approved share repurchase program, authorized in December 2025, with a budget of up to $100 million. The company has been executing buybacks at discounts ranging from 25% to 35% throughout 2026, with this latest round and the June transaction representing the more aggressive end of that spectrum.
After the latest transaction, ProCap’s shares outstanding sit at 86,764,282, with a NAV per share of roughly $3.71 as of the market close on September 2, 2026. The company’s Bitcoin holdings have fluctuated between approximately 5,000 and 5,457 BTC during 2026.
How ProCap got here ProCap Financial, trading under the ticker BRR on the Nasdaq, went public in 2025 through a SPAC merger. The company raised more than $750 million to establish its Bitcoin treasury, including $516.5 million in preferred equity and $235 million in convertible instruments. The target was to build a treasury of up to $1 billion in Bitcoin holdings.
The firm was founded by Anthony Pompliano. Beyond its Bitcoin treasury strategy, ProCap operates an AI-based financial platform called Silvia.
What the discount arbitrage means for investors Every time the company executes one of these trades, it slightly reduces its total Bitcoin holdings but increases the Bitcoin backing per remaining share. The $100 million repurchase authorization gives ProCap significant runway to continue this strategy.
The risk is that ProCap is selling Bitcoin to fund these buybacks. The 50 BTC sold in this latest transaction represents less than 1% of the total treasury. The company’s holdings have already dipped from a 2026 peak near 5,457 BTC down to the current 5,305.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Litecoin MWEB je opt-in privátní vrstva, kde jsou částky skryté před ostatními, a přes ni už prošlo více než 500 000 LTC. Zůstat lze i kdykoli zpět na transparentním hlavním řetězci.
Most blockchains broadcast every transaction detail to every node on the network. Litecoin's MimbleWimble Extension Blocks, known as MWEB, offer an alternative: a separate, opt-in block space where amounts are hidden from everyone except the parties involved.
How MWEB Works MWEB fuses two ideas that were originally floated for Bitcoin: MimbleWimble privacy and extension blocks. , where amounts are concealed. They can peg back out to the transparent main chain at any time.
Crucially, the cryptographic accounting still proves that nobody created coins from nothing while the amounts were hidden. Over 500,000 $LTC native coins have moved through that private layer and remained there, according to @BSCNews.
The Exploit, the Recovery, and the Fix The privacy layer faced its most serious test in early 2026.
An April attempt to exploit the same flaw triggered further disruption.
Spotové XRP ETF v USA rostou během dne až o 17,10 %, tedy zhruba dvojnásobně rychleji než XRP. Divergence souvisí s nedostatkem prodejců v méně likvidních fondech.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
A sharp price gap has emerged in the U.S. stock market: spot XRP ETFs are rising twice as fast as the token itself. While the token is posting an intraday gain of 7%–8%, shares of some regulated funds are surging by 16%–17%.
CryptoQuant analyst "Xaif_Crypto" was the first to draw attention to the anomaly. According to his post, all seven spot XRP ETFs in the U.S. entered the green during the trading session, recording an interim trading volume of $19.7 million.
Heatmap of U.S. spot XRP ETFs trading green intraday on September 3, 2026, Source: TradingViewOn spot exchanges, XRP was trading around $1.44 at the time, up 7.04% over the past 24 hours, confirming a breakout from its local descending channel and a rebound from the August low of $1.00.
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However, the performance of instruments listed on the NYSE and Nasdaq diverged. Major funds from Bitwise (XRP: +8.47%) and Franklin Templeton (XRPZ: +8.36%) are moving in line with the spot market. At the same time, products with lower net assets have broken sharply away from it: Grayscale shares (XXRP) are up 17.10%, XRPT has gained 16.78%, and UXRP has risen 17.01%.
This divergence, which created an unusual imbalance, is likely linked to a local supply-and-demand distortion in U.S. exchange order books. The sharp move in the underlying asset may have triggered a short-term shortage of sellers in less liquid funds.
As a result, market orders began pushing ETF share prices higher, creating a substantial premium to the net asset value of their underlying holdings (NAV) and allowing the funds to outperform the token's daily advance by around 100%.
Paradox of the day: funds rise while investors withdraw moneyWhile order books move into premium territory, data from SoSoValue reveals the other side of the picture: this surge in prices is taking place without any inflow of new capital. The sector even closed the previous session in negative territory, recording net outflows of $7.20 million. The entire amount came from profit-taking by large investors and was concentrated in a single fund, Bitwise. All other issuers recorded zero flows.
Daily total net inflow and asset tracking chart for spot XRP ETFs, Source: SoSoValueIn other words, this is not an influx of fresh capital but an aggressive internal repricing of ETF shares against a total daily trading volume of $27.22 million.
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U.S. XRP ETFs currently hold $1.42 billion, equivalent to 1.67% of the token's total market capitalization, while cumulative net inflows since their launch have exceeded $1.68 billion.
Against the backdrop of the developing spot-market trend, U.S. exchanges have effectively seized the initiative. A situation in which a derivative financial product begins driving short-term price action faster than the underlying asset itself could become a new reality for the market.
UiPath po výsledcích za 2. čtvrtletí vzrostl o 12 %, když výnosy 410,26 mil. USD překonaly odhad 397,85 mil. USD a upravený EPS byl v souladu s očekáváním.
Live 6 updates · Last at 4:55pm ET Updates appear automatically.
By Thomas Richmond · Updated Sep 3, 4:55pm ET · Published Sep 3, 3:27pm ET
Live UpdatesNewest first
That wraps up our initial coverage of UiPath’s Q2 results. Thank you for stopping by!
UiPath just reported earnings, with shares initially up 12% following the report. Here are the key numbers:
Revenue: $410.26M vs. $397.85M expected Adjusted EPS: $0.15 vs. $0.15 expected Quick Read:
UiPath beat revenue expectations by roughly 3% while adjusted EPS came in exactly in line with Wall Street estimates.
The 12% initial surge suggests investors like the top-line momentum, with revenue growing 13% year over year as Wall Street looks for evidence that UiPath’s agentic AI strategy is accelerating growth.
Bull Case: Momentum, Margins, and Agentic Traction Consistent revenue beats: , with Q1 revenue of . , and AI expansion deals ran six times larger. GAAP profitability arrived for the first time, with Q1 non-GAAP operating margin at . EPS revisions skew positive: . Bear Case: High Bar, Decelerating Growth Shares are up , raising the setup risk. ARR growth is stuck near , well below prior levels. Q1 EPS missed by , and analysts remain . Insider direction is , an odd counterpoint to the rally.
With UiPath (NYSE:PATH) reporting after the close, here is what to listen for on the call.
Top 5 Analyst Questions Is net new ARR reaccelerating above the posted in Q1? How much is agentic AI contributing, given already include it? Path to the long-term non-GAAP margin target? Competitive wins versus Microsoft Power Automate and Salesforce Agentforce? Pace of buybacks after repurchased in Q1? Key Topics and Buzzwords Maestro Case, UiPath for Coding Agents, WorkFusion contribution, outcome-based pricing. Listen for “orchestration,” “deterministic plus agentic,” “pilot to production.” Red Flags ARR at the low end of . DBNR slipping below . Any full-year guide trim versus the range, which would jeopardize the one-month rally.
Insider Activity Scorecard Date Insider Title Transaction Shares Price Sell Chief Accounting Officer Sell Hitesh Ramani Chief Accounting Officer Sell COO & CFO Sell 2026-07-01 CPO & CTO Sell $10.87 Insider activity at UiPath (NYSE:PATH) over the past 90 days skewed decisively toward selling.
CEO Daniel Dines’ disposal of over 1.4 million shares dwarfed every other filing. Chief Accounting Officer Hitesh Ramani added back-to-back sales in the mid-$16s. dispositions from Gupta, Malpani, and Legal Chief Brad Brubaker at $10.87 appear tied to vesting. The only acquisitions were , reflecting equity awards rather than open-market conviction. Dashboard data confirms net insider direction is .
With shares up in a month, executives leaned into strength rather than adding exposure ahead of tonight’s earnings report, a caution flag against the setup.
UiPath is expected to report fiscal Q2 2027 earnings at 4:10 PM ET, with Wall Street looking for evidence that its agentic AI push is translating into stronger recurring revenue growth.
Management has guided for revenue of $395-$400 million and ARR between roughly $1.929-$1.934 billion. Investors will also be watching net new ARR, with a figure above roughly $49 million providing another signal that growth is accelerating.
The stakes are high after UiPath shares soared around 40% over the past month. A higher full-year ARR outlook could validate the rally and strengthen the case that UiPath is evolving from a traditional automation vendor into a broader enterprise AI orchestration platform.
A guidance cut would tell a very different story and could put much of the stock’s recent rally at risk.
This article is updated throughout the trading day. Check back for more.
Full CoverageThe story so far
UiPath (NYSE:PATH | PATH Price Prediction) is expected to report Q2 FY2027 results after the bell at 4:10 PM ET. Shares enter the report tonight at about $18.52, up around 65.05% over the past year on rising evidence that agentic AI is moving from pilot to production.
Momentum Meets a Higher Bar Q1 FY27 delivered revenue of $418.38M, up 17.3% YoY, beating consensus by 5.26%, while adjusted EPS of $0.15 came in 5.48% shy of estimates. ARR grew 12% YoY to $1.901B on $49M of net new ARR, and dollar-based net retention ticked up to 109% from 107%.
Non-GAAP operating margin expanded to 22% from 20%, and stock-based compensation dropped to $53.3M from $76.4M. Management raised the FY27 non-GAAP operating income target to ~$430M and repurchased $243.8M of Class A stock. With PATH up over 40% in the past month, the setup rewards execution and punishes any ARR softness.
Consensus Estimates Metric Q2 FY27 Estimate YoY Change FY2027 Estimate FY2028 Estimate Revenue $397.85M +14.5% $1.778B $1.928B EPS (Normalized) $0.1474 +76.7% $0.7828 $0.9066 FY27 revenue growth is modeled near 10.4%, a step down from FY26’s 12.65%. FY28 revenue growth of 8.4% pairs with EPS growth of 15.8%, consistent with continued margin leverage. The Q2 EPS consensus has held flat at $0.1474 across the last 60 days, with 10 upward revisions in the past week.
What I’m Watching Tonight: ARR, Margins, and Agentic AI Tonight, I’ll be watching the ARR results against the $1.929B-$1.934B guide. Net new ARR needs to hold or exceed $49M to keep the stabilization-to-reacceleration thesis intact. On revenue mix, 16 of the top 20 Q1 deals included AI, and AI-inclusive expansions ran six times larger than those without. It would be great to see that continue to expand.
Analysts will also focus on dollar-based net retention. It moved 108% to 107% to 107% to 109% across the last four quarters. A result above 109% validates the reacceleration narrative CEO Daniel Dines flagged on the last call.
Non-GAAP operating margin was 22% in Q1 and 31% in Q4 FY26. Guidance implies compression this quarter, so investors will focus on whether spend on coding agents, Test Cloud, and forward-deployed engineering is moving progress toward the 30% long-term target.
Also on the list: traction for UiPath for Coding Agents, the Deloitte Agentic ERP alliance, and Maestro Case orchestration momentum. Guidance credibility is the tiebreaker after Q4 FY26’s cautious FY27 outlook sent shares -8.16% the next day.
Earnings History Quarter EPS Surprise 1-Day Move 7-Day Move 30-Day Move Q1 FY27 -5.48% +1.21% +0.78% -6.13% Q4 FY26 +17.74% -8.16% +0.57% -18.26% Q3 FY26 +9.59% +24.36% +25.77% +16.62% Q2 FY26 +79.86% +5.90% +7.74% +33.82% On average, shares moved 8.88% seven days after earnings over the past year.
Contact [email protected] for any questions or corrections.
Thomas Richmond
Thomas Richmond is a financial writer and content strategist with 5+ years of experience covering stocks and financial markets. He has published over 250 articles focused on individual stock analysis, helping investors better understand business fundamentals, stock valuations, and long-term opportunities.
Thomas previously served as a Content Lead at TIKR, a stock research platform, where he helped scale the company’s blog to hundreds of articles per month and contributed to a weekly newsletter reaching more than 100,000 investors.
He specializes in breaking down complex companies into clear, actionable insights for everyday investors, with a focus on fundamentals-driven research.
His work has also been featured on platforms including Seeking Alpha and Sure Dividend.
Outside of work, Thomas enjoys weight lifting and soccer.
Rollups pushed Ethereum blob usage to an ATH this week, with demand the highest its ever been.
The Ethereum ecosystem's blob usage just reached a new all-time high, with a current 3D moving average of 5.9 blobs per block and a daily average of 6.7, according to data highlighted today by Protocol Guild organizer Trent van Epps.
What's the Scoop?The metric: Blobs are the cheap data slots rollups use to post batches to Ethereum. More blobs per block means L2s are putting more activity through Ethereum’s data layer.The tape: Usage has climbed back after a spring dip and is now above prior peaks from late 2025. The activity we're seeing now is still only about 40-50% of the current 14-blob target, so the network is busy but not full.Capacity path: Blob limits have been raised in steps since Dencun, starting with 3/6, then 6/9 in Pectra, 10/15 in BPO1, and 14/21 in January’s BPO2. For the time being, hits on the current 21 max remain rare.Scaling debate: Core devs have been asking when to lift again toward 21/32, weighing cheaper L2 fees against extra bandwidth load and the next gas-limit jump in Glamsterdam. The catch is that keeping this scaling path moving still depends on client-team funding, which Protocol Guild argues remains thin for a chain of Ethereum's size.
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It’s time to break up with your bank, and join the movement for a better world.
Bitcoin ETF se ve středu vrátily k čistým přílivům ve výši 101,15 milionu USD, zatímco spotové Ethereum ETF skončily s čistým odlivem 48,08 milionu USD a XRP ETF s odlivem 7,2 milionu USD.
In brief Spot Ethereum ETFs posted $48.08 million in net outflows Wednesday, ending a 12-day inflow streak that had pulled in $1.62 billion. Spot XRP ETFs recorded $7.2 million in outflows, snapping an 11-session run that brought in roughly $170 million and pushed cumulative inflows to $1.68 billion. Bitcoin ETFs rebounded with $101.15 million in net inflows, a day after posting $236.5 million in outflows, their largest single-day exit since July 31. US spot Ethereum and XRP ETFs broke their winning streaks on Wednesday. Bitcoin funds went the other way, pulling in $101.15 million in fresh money, per SoSoValue and Decrypt data.
ETFs, or exchange-traded funds, are funds that trade like stocks and let investors buy exposure to a cryptocurrency's price through a regular brokerage account instead of holding the coin itself. Crypto ETFs have been extremely popular among investors, and market observers keep a close eye on the money going in and out of these funds as a key indicator of current sentiment.
Bitcoin ETF Net Flows. Image: DecryptEthereum ETFs had logged 12 straight days of net inflows, meaning more money came into the funds than left them every single day for two and a half weeks. That streak gathered $1.62 billion before ending Wednesday with $48.08 million walking out the door.
BlackRock's iShares Ethereum Trust (ETHA) led the exodus with $53.4 million in outflows. Fidelity's FETH lost $26.2 million, and Grayscale's Ethereum Staking ETF (ETHE) shed $23.5 million. BlackRock's staked Ethereum ETF, ETHB—a fund that locks up its Ethereum to earn network rewards and passes some of that yield to shareholders—absorbed part of the damage with $52.9 million in inflows.
Ethereum ETF Net Flows. Image: DecryptXRP told a similar story on a smaller scale. Its 11-session streak had brought in about $170 million, lifting cumulative inflows to $1.68 billion, before Wednesday's $7.2 million outflow. The withdrawal came almost entirely from Bitwise's XRP fund, while the four other XRP products, issued by Franklin, Canary, 21Shares and Grayscale, recorded no flows either way.
Bitcoin moved in the opposite direction. Wednesday's $101.15 million inflow reversed Tuesday's $236.5 million outflow, the category's largest single-day exit since July 31, when BlackRock's IBIT alone accounted for 85% of the damage. This time IBIT led the comeback, pulling in $115.45 million on its own, more than the day's entire net total, while Grayscale's original GBTC fund still lost $56.21 million.
The whiplash caps a volatile stretch. Bitcoin ETFs pulled in $3.52 billion in August, their best month of 2026, a run that included a $606 million single-day haul in mid-August, the biggest since May. Total net assets across the category now sit at $97.22 billion, with cumulative inflows near $54.7 billion since the funds launched in January 2024.
XRP ETF Net Flows. Image: DecryptSeptember has a habit of testing that momentum. Bitcoin has closed the month lower in eight of the past 13 years, a pattern Decrypt has tracked as Red September, and this year's version arrives with the Federal Reserve's rate decision landing September 15 to 16, the first hike debate since the central bank's 2022-2023 tightening cycle
Why the money picked BitcoinWednesday's split wasn't just Ethereum and XRP losing steam. Solana ETFs also posted a $6.13 million outflow the same day, meaning three of the four major crypto ETF categories retreated while only Bitcoin advanced. That's a narrower signal than "crypto is cooling"—it looks more like capital consolidating into Bitcoin specifically rather than spreading across digital assets broadly, a pattern that also showed up during last month's institutional buying spree.
In the most overly simplistic explanation, Bitcoin is the bigger, thus safer asset in the ecosystem.
Myriad: Bitcoin's next price move? Click to make your prediction.Another thing to consider comes with simple market expectation. Ethereum and XRP had each just run their longest inflow streaks in months, 12 and 11 sessions respectively, so a pause to lock in gains was overdue on both. Bitcoin, by contrast, was coming off Tuesday's outflow and had room to bounce.
The rest is macro nerves. Fed Chair Kevin Warsh's hawkish Jackson Hole remarks pushed September rate-hike odds above 60% on the CME's FedWatch tool, and when crypto investors get defensive, Bitcoin is typically the first asset they buy back into and the last one they exit, since it carries the deepest liquidity and the longest institutional track record of any crypto ETF on the market. XRP and Ethereum, both newer and thinner by comparison, tend to see that caution show up as outflows first.
The simplest explanation tends to be the right one.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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USDG od Paxos se nativně spustil na Mantle a lze ho tam přímo mintovat pro DeFi likviditu i institucionální vypořádání. Mantle se zároveň připojil k Global Dollar Network s více než 150 partnery.
Paxos-issued USDG has launched natively on Mantle, adding the Ethereum layer-2 network to a stablecoin coalition with more than 150 partners.
Summary
USDG can now be minted directly on Mantle and used for DeFi liquidity and institutional settlement. Mantle has joined the Global Dollar Network and can share in rewards generated by USDG activity. USDG had about $3.18 billion in circulation, ranking seventh among stablecoins tracked by DefiLlama. Mantle’s distributed RWA value reached $234.2 million after rising 19% over 30 days. USDG brings native stablecoin issuance to Mantle Global Dollar Network said in its announcement on Sept. 3 that USDG is now available as one of the first stablecoins issued directly on Mantle, allowing the token to enter circulation without relying on a wrapped version created through a third-party bridge.
Built as an Ethereum layer-2 network, Mantle uses Ethereum-compatible infrastructure while processing transactions away from the base chain. Developers can therefore use existing Ethereum tools while benefiting from the network’s lower transaction costs and higher capacity, according to the announcement.
USDG will provide a dollar-linked settlement and liquidity asset for Mantle’s decentralized finance applications and tokenized investment products. Mantle said intended uses range from DeFi transactions to capital allocation by institutions, though access to individual products remains subject to each issuer’s terms and local regulations.
Native issuance also changes the technical path used to place the stablecoin on the network. Instead of holding a token on another blockchain and issuing a bridged representation, Paxos can create and redeem USDG directly on Mantle. Paxos says each token is redeemable one-to-one for U.S. dollars.
USDG is already issued on Ethereum, Solana, Ink, X Layer and Robinhood Chain. In February 2025, crypto.news covered its Solana expansion, which gave institutions access through Kraken and Anchorage Digital and added payment, remittance, and treasury-management use cases.
According to DefiLlama data, USDG had approximately $3.18 billion in market capitalization and ranked as the seventh-largest stablecoin. Global Dollar Network placed circulation closer to $3.5 billion in Thursday’s announcement, a difference that may result from the timing and methods used by the two sources.
Mantle joins USDG’s 150-partner network Alongside the native launch, Mantle has joined the Global Dollar Network, a coalition built around the distribution and use of USDG. The group has more than 150 partners, including Kraken, Robinhood, Paxos, OKX, and Worldpay.
Global Dollar Network uses a reward-sharing structure under which participating companies can receive part of the income generated by assets backing USDG. The amount available to each participant depends on its role, activity and commercial agreement with the network.
For Mantle, partner status adds an economic layer to the stablecoin integration. The network can receive rewards tied to USDG adoption while developers obtain another dollar-linked asset for trading, lending, payments and settlement.
Paxos Digital Singapore issues USDG under the supervision from the Monetary Authority of Singapore. Within the European Union, Paxos Issuance Europe issues the token under the supervision of Finland’s Financial Supervisory Authority and in compliance with the Markets in Crypto-Assets Regulation.
Paxos publishes monthly reserve reports covering the assets backing USDG. The company says the stablecoin is fully backed by reserves and can be redeemed at par, while the Global Dollar Network distributes part of the reserve income to eligible business partners rather than automatically paying it to every token holder.
An earlier European rollout made USDG available through exchanges and custody companies including Kraken, Gate, SwissBorg and Zodia Custody. The MiCA-compliant launch gave Paxos separate regulated issuance arrangements for Singapore and the European Economic Area.
Mantle expands its tokenized asset business Native USDG arrives as Mantle adds tokenized equities, exchange-traded funds, commodities, U.S. Treasuries and asset-backed credit products. The Mantle team placed its RWA total value locked at about $240 million, compared with roughly $22 million a year earlier.
Separate data from RWA.xyz showed $234.2 million in distributed real-world asset value on Mantle as of Wednesday, up 19% over the previous 30 days. The difference between that figure and other estimates can stem from reporting dates and whether a provider measures distributed asset value, DeFi deposits or the full value of tokenized products.
Mantle said its ecosystem contains more than 700 tokenized assets. Recent additions include SPCXx, a product linked to privately held SpaceX, and USPXx, which tracks Franklin Templeton’s U.S. Equity Index ETF. Token terms can differ, meaning a blockchain token may provide direct ownership, an issuer-backed claim or only price exposure to the referenced asset.
More recent Blockworks Research data placed Mantle’s tokenized assets at about $330 million and its stablecoin supply near $550 million, taking the combined total to approximately $880 million. The same dataset counted 985 distinct tokenized products, including stocks, commodities, Treasury-linked assets, funds and yield-bearing stablecoins.
As previously reported in August, USDT0 accounted for about $440 million, or close to 80% of Mantle’s stablecoin supply at the time. USDe followed with $57.93 million, while USDC held $34.15 million and conventional USDT represented $12.96 million.
Adding USDG gives Mantle another regulated dollar product alongside USDT0, Ethena’s USDe, Agora’s AUSD, Circle’s USDC, Aave’s GHO and World Liberty Financial’s USD1. Mantle has said it wants stablecoin liquidity to support active onchain strategies rather than leave tokenized assets unused after issuance.
One such product opened to DeFi users in August after an earlier version distributed through Bybit passed $200 million in assets under management. The non-custodial vault accepts USDC and USDT0 through Fluxion, with CIAN designing the strategy and Grove connecting deposits to yield generated through the Sky ecosystem.
U.S. rules affect access to Mantle’s tokenized products For U.S. users, USDG’s dollar peg does not by itself confirm that every Mantle application, reward program or tokenized asset is legally available in the country. Eligibility depends on the issuer, distributor, product structure, platform terms, and applicable federal and state rules.
The distinction matters for Mantle’s equity-linked products. In a January 2026 statement, the U.S. Securities and Exchange Commission said a tokenized security remains a security when its ownership record is maintained partly or entirely through a crypto network. Moving an instrument onto a blockchain does not remove it from U.S. securities law.
Mantle’s tokenized products linked to SpaceX and Franklin Templeton’s U.S. Equity Index ETF therefore require separate review of their ownership rights and distribution limits. A token that follows an asset’s price may not give its holder shares, voting rights, dividends or a direct claim against the referenced company or fund.
USDG also enters Mantle while U.S. agencies prepare rules under the GENIUS Act, which became law in July 2025. The framework establishes reserve, redemption, disclosure and licensing requirements for approved payment-stablecoin issuers, including a pathway for foreign issuers from jurisdictions that U.S. authorities determine have comparable oversight.
Federal agencies had not completed all implementing rules by the statutory July 2026 deadline. The Office of the Comptroller of the Currency was targeting November for its final rule, while the law was scheduled to take effect on Jan. 18, 2027, or 120 days after regulators completed the required rules.
FLOKI směruje malou část každého obchodu na decentralizované burze do své pokladny. Poplatek platí jen pro DEX a DAO uvedlo, že sazba není trvalá, ale nebyl stanoven žádný časový plán.
How the tax worksEvery time $FLOKI changes hands on a decentralised exchange, a small portion of the trade is redirected before it reaches the buyer. The contract address on Ethereum is 0xcf0c122c6b73ff809c693db761e7baebe62b6a2e.
The tax applies only to DEX activity. Trades executed on centralised exchanges are similarly untouched, leaving DEX buys and sells as the sole source of treasury inflows from this mechanism.
A rate cut driven by the DAO, with a path to zeroThe current rate is the result of a landmark governance decision.
@FLOKI has signalled the tax is not a permanent fixture. No timeline has been set.
Until that point, the treasury remains funded by the levy on every DEX swap, with the DAO retaining control over how those funds are allocated and whether the rate changes further.
Sources:
Floki Whitepaper: Operations and Funding
CoinDesk: Floki Inu DAO Passes Proposal to Burn Over $100M Worth of Tokens
Floki Whitepaper: Multi-chain Protocol
Tether reported $1.3 billion in Q2 net operating profit in its latest BDO attestation statement, while excess reserves rose to $5.2 billion above full USDT backing.
The figures keep Tether at the center of the stablecoin market’s profitability and reserve debate. USDT remains the largest dollar stablecoin in crypto, and Tether’s reserve earnings have become one of the most closely watched financial stories in the sector.
The main driver is familiar: interest income from large holdings of U.S. Treasury assets.
But the details still need careful wording. Net operating profit is not the same as total reserves, and excess reserves are not the same thing as circulating supply.
For more details, visit the official Tether platform.
TL;DR Tether reported $1.3 billion in Q2 net operating profit. Its latest attestation showed $5.2 billion in excess reserves. The figures are separate from total USDT circulating supply and full reserve backing. Why Tether Is So Profitable Tether’s business benefits from scale.
When users hold USDT, Tether holds reserve assets backing those tokens. A large portion of those reserves is held in short-term U.S. Treasury instruments and similar cash-equivalent assets. In a higher-rate environment, those holdings can generate substantial income.
That is why stablecoin issuers have become major financial businesses.
They may issue digital dollars, but their economics can look like a huge cash-management operation. The larger the token supply, the larger the reserve portfolio, and the more interest income can be generated when yields are favorable.
Tether’s $1.3 billion quarterly profit reflects that model.
Excess Reserves Add A Cushion The reported $5.2 billion in excess reserves is also important.
Stablecoin users want to know not only that tokens are fully backed, but that the issuer has a cushion above liabilities. Excess reserves can help absorb shocks, operational costs, or asset fluctuations.
That does not remove every risk.
Reserve composition, banking access, liquidity, legal structure, transparency, and redemption mechanics still matter. But a larger reserve cushion can strengthen market confidence.
For USDT, that confidence is critical because the token is deeply embedded in global crypto trading.
USDT’s Market Role Is Huge USDT is used across exchanges, DeFi, payments, emerging-market dollar access, trading pairs, and liquidity venues.
That means Tether’s financial health matters beyond Tether itself. If confidence in USDT weakens, the impact can spread through crypto markets quickly. If confidence remains strong, USDT continues to serve as one of the industry’s main settlement assets.
That is why every attestation receives attention.
It is not just an accounting update. It is a health check for one of crypto’s biggest liquidity layers.
Attestations Are Still Point-In-Time The market should keep the limits in mind.
An attestation is a snapshot. It is not a live, second-by-second view of reserves. It does not eliminate every question around asset composition or risk. It also does not give the same kind of continuous visibility as an on-chain reserve dashboard.
But regular attestations still improve transparency compared with no disclosure at all.
They give users and institutions data to assess reserve backing, profit, and excess cushion at the reporting date.
The Stablecoin Race Is Getting Bigger Tether’s profit also shows why stablecoins have become strategically important.
Banks, fintechs, payment firms, and crypto companies all want a role in digital dollar settlement. Regulation is tightening, competition is growing, and reserve economics are attractive.
Tether already has scale.
The question is how it holds that lead as regulated stablecoin frameworks, tokenized deposits, and bank-linked digital money products develop.
For now, the latest attestation shows a highly profitable issuer with a large reserve cushion and a stablecoin that remains central to crypto liquidity.
This article draws on Tether’s Q2 2026 BDO attestation materials.
This article was written by the News Desk and edited by Samuel Rae.
Ambarella uzavřela s Capgemini spolupráci na urychlení vývoje a nasazení Edge AI a Physical AI pro podnikové zákazníky. Capgemini dodá inženýrské, integrační a oborové know-how.
Capgemini to provide engineering, integration, and industry expertise to support Ambarella's next phase of growth | Source: Ambarella
SANTA CLARA, Calif. and NEW YORK, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, and Capgemini (Euronext Paris: CAP), the global AI-driven business and technology transformation company, today announced their engagement to accelerate the development and deployment of Edge and Physical AI solutions across smart infrastructure, retail and logistics, industrial automation, healthcare, and automotive sectors.
Under the agreement, Capgemini will provide engineering, systems integration, and industry expertise to help accelerate customer adoption of Ambarella's Edge and Physical AI technologies. The work will focus on developing solutions that enable AI processing closer to where data is generated, including in cameras, vehicles, industrial equipment, robotics systems, and other intelligent devices.
Capgemini will provide services to help Ambarella ideate and establish a dedicated global Edge and Physical AI Center of Excellence designed to accelerate solution development, proof-of-concept initiatives, technology validation, and deployment readiness for enterprise customers. Capgemini’s experts will also work with relevant technology providers and ecosystem participants to help deliver complete solutions suited to enterprise deployment requirements.
“Edge and Physical AI represent an important opportunity to extend AI from the data center into cameras, robots, vehicles, machines and other systems that perceive and interact directly with the physical world,” said Fermi Wang, President and Chief Executive Officer of Ambarella. “Customers increasingly need full stack solutions that combine AI compute, software, and applications on integrated systems. Our work with Capgemini will help create a scalable path from Ambarella technology to enterprise applications and ultimately, production deployments.”
With these initiatives Capgemini will help customers worldwide evaluate and deploy AI-enabled solutions tailored to their operational and business needs on Ambarella Platforms.
Ray Nath, Head of Sogeti in the US, part of Capgemini, noted, "Organizations are looking for practical ways to deploy AI closer to where critical business decisions are made. We are pleased to engage with Ambarella as they expand adoption of their industry-leading Edge and Physical AI technologies to help clients accelerate innovation across multiple industries."
By using Ambarella's Edge and Physical AI technology, delivered through Capgemini's world-class engineering and integration expertise, clients can bring AI capabilities closer to where data is generated, to accelerate the path from concept to production.
About Ambarella
With an installed base of more than 50 million AI SoC units, Ambarella’s products are utilized in a wide variety of physical edge AI applications, spanning edge endpoint and edge infrastructure use cases including physical security, vehicle safety, telematics, autonomy, portable video, aerial drones, and other emerging robotic applications. Building on this footprint, Ambarella offers a full-stack edge AI platform, from highly optimized silicon and programmable software to AI agentic frameworks that coordinate perception, decision-making and control across devices. Ambarella’s low-power systems-on-chip (SoCs) integrate proprietary and highly efficient perception and deep learning neural network AI accelerators, enabling electronic systems to become more productive with partial or complete levels of machine autonomy.
For more information, please visit www.ambarella.com.
Capgemini is an AI-powered global business and technology transformation partner, delivering tangible business value. We imagine the future of organizations and make it real with AI, technology, and people. With our strong heritage of nearly 60 years, we are a responsible and diverse group of over 420,000 team members in more than 50 countries. We deliver end-to-end services and solutions with our deep industry expertise and strong partner ecosystem, leveraging our capabilities across strategy, technology, design, engineering and business operations. The Group reported 2025 global revenues of €22.5 billion.
Ambarella uzavřela s Macnica dlouhodobou strategickou distribuční dohodu, která rozšíří dostupnost a adopci edge AI produktů a řešení v Americe a EMEA. Firma očekává, že to přinese významné nové příjmy prostřednictvím nepřímých kanálů.
Partnership expands Ambarella’s go-to-market reach through Macnica’s distribution, technical enablement and ecosystem development capabilities across the Americas and EMEA, driving significant potential net new revenues for Ambarella
Macnica to support ISVs, OEMs, ODMs, systems integrators and customers building and deploying solutions on Ambarella’s edge AI platform
SANTA CLARA, Calif., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced that it has entered into a long-term strategic distribution agreement with Macnica Americas, Inc. and Macnica ATD Europe S.A.S. (collectively, “Macnica”) to expand the availability and adoption of Ambarella’s edge AI infrastructure products and solutions across the Americas and EMEA.
Under the agreement, Ambarella has appointed Macnica as a non-exclusive authorized distributor for Ambarella edge AI infrastructure semiconductor devices and associated platforms, including Ambarella’s CV-series and N-series SoCs, systems-on-module (SOMs), edge AI systems, evaluation and development platforms, reference designs, software development kits and related solutions.
The agreement represents an important expansion of Ambarella’s indirect go-to-market strategy for edge AI infrastructure and Physical AI. The companies intend to combine Ambarella’s highly efficient AI silicon and full-stack software platform with Macnica’s semiconductor distribution capabilities, technical expertise, supply-chain infrastructure and customer relationships to help accelerate the development and deployment of edge AI solutions. This has the potential to drive significant potential net new revenues for Ambarella through indirect channels.
The relationship extends beyond traditional product distribution. Macnica will work with Ambarella to develop and support an ecosystem of independent software vendors (ISVs), OEMs, ODMs, systems integrators and other channel partners building solutions around Ambarella’s edge AI platform. These activities are expected to include partner recruitment and onboarding, technical integration support, design-in assistance, joint go-to-market programs, demand-generation activities and customer deployment support.
“As edge and Physical AI workloads become increasingly sophisticated, customers need more than silicon alone—they need complete technology ecosystems that can support them from initial evaluation and design-in through deployment,” said Fermi Wang, President and Chief Executive Officer of Ambarella. “Our strategic relationship with Macnica expands Ambarella’s ability to serve these customers by combining our highly efficient edge AI platform with Macnica’s distribution reach, technical capabilities and ecosystem expertise. Together, we intend to make it easier for customers and partners to bring innovative edge AI solutions to market.”
Macnica will provide customers, channel partners and ISVs with pre-sales technical consultation, product evaluation support, design-in assistance, SDK integration support and post-sales technical support. The companies will also collaborate on industry events, marketing programs and other demand-generation activities designed to increase awareness and adoption of Ambarella’s edge AI technology.
“Ambarella’s edge AI platform aligns closely with Macnica’s Capture → Process → Communicate strategy and our focus on enabling advanced intelligent systems,” said Aki Miyoshi, Co-CEO, Macnica, Inc. “By combining Ambarella’s AI processing technology with Macnica’s engineering expertise, distribution infrastructure and ecosystem relationships, we intend to help customers and partners move efficiently from evaluation and development to commercial deployment across the Americas and EMEA.”
The companies initially plan to focus their collaboration on applications including intelligent video analytics, smart infrastructure, autonomous robotics and mobility, industrial IoT, intelligent transportation, retail analytics, security and surveillance, and distributed edge computing.
The agreement begins with a structured commercial development and market-validation phase focused on establishing joint go-to-market capabilities, developing customer opportunities, enabling ecosystem partners and validating Ambarella-based solutions in the market. The companies expect to expand their collaboration as customer engagements, design activity and the supporting partner ecosystem scale.
Through the combined ecosystem, customers will be able to work with Ambarella and Macnica partners to assemble solutions spanning AI silicon, systems, software and integration services. This partner-led approach is intended to reduce integration complexity and shorten the path from evaluation and proof-of-concept to production deployment for enterprises adopting edge AI and Physical AI technologies.
About Ambarella
With an installed base of more than 50 million AI SoC units, Ambarella’s products are utilized in a wide variety of physical edge AI applications spanning edge endpoint and edge infrastructure use cases including physical security, vehicle safety, telematics, autonomy, portable video, aerial drones and emerging robotic applications.
Building on this footprint, Ambarella offers a full-stack edge AI platform, from highly optimized silicon and programmable software to AI frameworks that coordinate perception, decision-making and control across devices. Ambarella’s low-power systems-on-chip (SoCs) integrate proprietary and highly efficient perception and deep-learning neural-network AI accelerators, enabling electronic systems to achieve increasing levels of machine autonomy.
For more information, please visit www.ambarella.com.
About Macnica
Macnica, Inc. is a service/solution company that handles the latest technologies in a comprehensive manner, centered on semiconductors and cyber security. Developing business in 100 locations in 33 countries/regions around the world, leveraging the technological capabilities and global network cultivated over a history of more than 50 years, we discover, propose, and implement cutting-edge technologies such as AI, IoT, and autonomous driving.
Through Macnica Americas, Inc. and Macnica ATD Europe S.A.S., Macnica supports customers across the Americas and EMEA with technical support, design services and ecosystem capabilities spanning Capture → Process → Communicate architectures.
Learn more at www.macnica.com/americas and www.macnica.com/eu.
Ambarella Contacts
Media contact: Jonathan Miller, [email protected], +1 408-365-4348Investor contact: Louis Gerhardy, [email protected], +1 408-636-2310Sales contact: https://www.ambarella.com/contact-us/
Ambarella ve 2. fiskálním čtvrtletí zvýšila tržby na 108,1 mil. USD z 95,5 mil. USD a snížila čistou ztrátu na 6,7 mil. USD. Na 3. čtvrtletí čeká tržby 115–124 mil. USD.
SANTA CLARA, Calif., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced second quarter fiscal 2027 financial results for the period ended July 31, 2026.
Revenue for the second quarter of fiscal 2027 was $108.1 million, up 13.2% from $95.5 million in the same period in fiscal 2026. For the six months ended July 31, 2026, revenue was $208.5 million, up 14.9% from $181.4 million for the six months ended July 31, 2025.Gross margin under U.S. generally accepted accounting principles (GAAP) for the second quarter of fiscal 2027 was 57.7%, compared with 58.9% for the same period in fiscal 2026. For the six months ended July 31, 2026, GAAP gross margin was 58.0%, compared with 59.4% for the six months ended July 31, 2025.GAAP net loss for the second quarter of fiscal 2027 was $6.7 million, or loss per diluted ordinary share of $0.15, compared with a GAAP net loss of $20.0 million, or loss per diluted ordinary share of $0.47, for the same period in fiscal 2026. GAAP net loss for the six months ended July 31, 2026 was $24.8 million or loss per diluted ordinary share of $0.57. This compares with GAAP net loss of $44.3 million, or loss per diluted ordinary share of $1.05, for the six months ended July 31, 2025. Financial results on a non-GAAP basis for the second quarter of fiscal 2027 are as follows:
Gross margin on a non-GAAP basis for the second quarter of fiscal 2027 was 59.3%, compared with 60.5% for the same period in fiscal 2026. For the six months ended July 31, 2026, non-GAAP gross margin was 59.6%, compared with 61.2% for the six months ended July 31, 2025.Non-GAAP net income for the second quarter of fiscal 2027 was $8.2 million, or earnings per diluted ordinary share of $0.18. This compares with non-GAAP net income of $6.4 million, or earnings per diluted ordinary share of $0.15, for the same period in fiscal 2026. Non-GAAP net income for the six months ended July 31, 2026 was $13.3 million, or earnings per diluted ordinary share of $0.30. This compares with non-GAAP net income of $9.5 million, or earnings per diluted ordinary share of $0.22, for the six months ended July 31, 2025. Based on information available as of today, Ambarella is offering the following guidance for the third quarter of fiscal year 2027, ending October 31, 2026:
Revenue is expected to be between $115.0 million and $124.0 million.Gross margin on a non-GAAP basis is expected to be between 59.0% and 60.0%.Non-GAAP operating expenses are expected to be between $56.5 million and $59.5 million.
Ambarella reports gross margin, net income (loss) and earnings (losses) per share in accordance with GAAP and, additionally, on a non-GAAP basis. Non-GAAP financial information excludes the impact of stock-based compensation and acquisition-related costs adjusted for the associated tax impact, which includes the effect of any benefits or shortfalls recognized. In addition, in our second quarter of fiscal 2027, we recognized a one-time $9.0 million reduction in our GAAP research and development expense on release of a deposit liability following the termination of a development project. Given the nature of this credit and that it is non-recurring, we excluded it from operating expenses for the purpose of reporting non-GAAP financial results. A reconciliation of the GAAP to non-GAAP gross margin, net income (loss) and earnings (losses) per share for the periods presented, as well as a description of the items excluded from the non-GAAP calculations, is included in the financial statements portion of this press release.
Total cash, cash equivalents and marketable debt securities on hand at the end of the second quarter of fiscal 2027 was $272.3 million, compared with $277.8 million at the end of the prior quarter and $261.2 million at the end of the same quarter a year ago.
“Our edge AI revenue reached record levels in Q2, with balanced sequential growth in Auto and IoT markets with very strong growth from our 5nm CV75 and CV72 AI SoCs. We are making significant progress with our strategic priorities to extend our market reach with new higher value products and the implementation of new go-to-market strategies. These include the introduction of our first stand-alone AI Accelerator, X7, and the execution of 7-year agreements to develop the indirect sales channel with both Macnica, a leading global technical distributor, and CapGemini, a leading global engineering and systems integration firm,” said Fermi Wang, President & CEO. “These developments are contributing to an increase in our 5-year serviceable market (“SAM”) forecast for edge AI and Physical AI.”
Quarterly Conference Call
Ambarella plans to hold a conference call at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time today with Fermi Wang, President and Chief Executive Officer, and John Young, Chief Financial Officer, to discuss the second quarter of fiscal year 2027 results. A live and archived webcast of the call will be available on Ambarella’s website at http://www.ambarella.com/ for up to 30 days after the call.
About Ambarella
With an installed base of more than 50 million AI SoC units, Ambarella’s products are utilized in a wide variety of physical edge AI applications, spanning edge endpoint and edge infrastructure use cases including physical security, vehicle safety, telematics, autonomy, portable video, aerial drones, and other emerging robotic applications. Building on this footprint, Ambarella offers a full-stack edge AI platform, from highly optimized silicon and programmable software to AI agentic frameworks that coordinate perception, decision-making and control across devices. Ambarella’s low-power systems-on-chip (SoCs) integrate proprietary and highly efficient perception and deep learning neural network AI accelerators, enabling electronic systems to become more productive with partial or complete levels of machine autonomy. For more information, please visit www.ambarella.com.
"Safe harbor" statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements that are not historical facts and often can be identified by terms such as “outlook,” “projected,” “intends,” “will,” “estimates,” “anticipates,” “expects,” “believes,” “could,” “should,” or similar expressions, including the guidance for the third quarter of fiscal year 2027 ending October 31, 2026, and the comments of our CEO relating to demand for edge AI solutions, our progress with strategic priorities to extend our market reach, our ability to successfully build an indirect sales channel, the forecasted size of our serviceable market (“SAM”), and our ability to successfully penetrate the edge AI and Physical AI markets. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. Our actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of our future performance.
The risks and uncertainties referred to above include, but are not limited to, global economic and political conditions; changes in government policies, including possible trade tariffs and restrictions; revenue being generated from new customers or design wins, neither of which is assured; the commercial success of our customers’ products; our customers’ ability to manage their inventory requirements; our growth strategy; our ability to anticipate future market demands and future needs of our customers, particularly for AI inference applications; our ability to introduce, and to generate revenue from, new and enhanced solutions; our ability to develop, and to generate revenue from, new advanced technologies, such as AI functionality and advanced networks, including vision-language models and GenAI; our ability to retain and expand customer relationships and to achieve design wins; the expansion of our current markets and our ability to successfully enter new markets and applications, such as edge infrastructure; anticipated trends and challenges, including competition, in the markets in which we operate; risks associated with global health conditions and associated risk mitigation measures; our ability to effectively manage growth; our ability to retain key employees; and the potential for intellectual property disputes or other litigation.
Further information on these and other factors that could affect our financial results is included in the company’s Annual Report on Form 10-K for our 2026 fiscal year, which is on file with the Securities and Exchange Commission. Additional information will also be set forth in the company’s quarterly reports on Form 10-Q, annual reports on Form 10-K and other filings the company makes with the Securities and Exchange Commission from time to time, copies of which may be obtained by visiting the Investor Relations portion of our web site at www.ambarella.com or the SEC's web site at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. The results we report in our Quarterly Report on Form 10-Q for the second quarter of fiscal 2027 ended July 31, 2026 could differ from the preliminary results announced in this press release.
Ambarella assumes no obligation and does not intend to update the forward-looking statements made in this press release, except as required by law.
Non-GAAP Financial Measures
The company has provided in this release non-GAAP financial information, including non-GAAP gross margin, net income (loss), and earnings (losses) per share, as a supplement to the condensed consolidated financial statements, which are prepared in accordance with generally accepted accounting principles ("GAAP"). Management uses these non-GAAP financial measures internally in analyzing the company’s financial results to assess operational performance and liquidity. The company believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning, forecasting and analyzing future periods. Further, the company believes these non-GAAP financial measures are useful to investors because they allow for greater transparency with respect to key financial metrics that the company uses in making operating decisions and because the company believes that investors and analysts use them to help assess the health of its business and for comparison to other companies. Non-GAAP results are presented for supplemental informational purposes only for understanding the company’s operating results. The non-GAAP information should not be considered a substitute for financial information presented in accordance with GAAP and may be different from non-GAAP measures used by other companies.
With respect to its financial results for the second quarter of fiscal year 2027, the company has provided below reconciliations of its non-GAAP financial measures to its most directly comparable GAAP financial measures. With respect to the company’s expectations for the third quarter of fiscal year 2027, a reconciliation of non-GAAP gross margin and non-GAAP operating expenses guidance to the closest corresponding GAAP measure is not available without unreasonable efforts on a forward-looking basis due to the high variability and low visibility with respect to the charges excluded from these non-GAAP measures. We expect the variability of the above charges to have a significant, and potentially unpredictable, impact on our future GAAP financial results.
AMBARELLA, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except share and per share data)(unaudited) Three Months Ended July 31, Six Months Ended July 31, 2026 2025 2026 2025 Revenue $108,125 $95,511 $208,482 $181,383 Cost of revenue 45,709 39,280 87,477 73,616 Gross profit 62,416 56,231 121,005 107,767 Operating expenses: Research and development 50,581 59,734 108,721 118,553 Selling, general and administrative 19,978 18,486 39,843 37,061 Total operating expenses 70,559 78,220 148,564 155,614 Loss from operations (8,143) (21,989) (27,559) (47,847) Other income, net 1,806 2,247 3,889 4,422 Loss before income taxes (6,337) (19,742) (23,670) (43,425) Provision for income taxes 352 253 1,112 898 Net loss $(6,689) $(19,995) $(24,782) $(44,323) Net loss per share attributable to ordinary shareholders: Basic $(0.15) $(0.47) $(0.57) $(1.05)Diluted $(0.15) $(0.47) $(0.57) $(1.05)Weighted-average shares used to compute net loss per share attributable to ordinary shareholders: Basic 44,005,576 42,546,979 43,805,429 42,383,475 Diluted 44,005,576 42,546,979 43,805,429 42,383,475 The following tables present details of stock-based compensation, acquisition-related costs and development project termination credit, included in each functional line item in the condensed consolidated statements of operations above:
Three Months Ended July 31, Six Months Ended July 31, 2026
2025
2026
2025
(unaudited, in thousands) Stock-based compensation: Cost of revenue$951 $780 $1,734 $1,731 Research and development 14,007 16,972 27,721 34,557 Selling, general and administrative 7,742 7,436 15,138 15,030 Total stock-based compensation$22,700 $25,188 $44,593 $51,318 Three Months Ended July 31, Six Months Ended July 31, 2026
2025
2026
2025
(unaudited, in thousands) Acquisition-related costs: Cost of revenue$757 $757 $1,514 $1,514 Research and development — — — — Selling, general and administrative 456 456 912 912 Total acquisition-related costs$1,213 $1,213 $2,426 $2,426 Three Months Ended July 31, Six Months Ended July 31, 2026
2025
2026
2025
(unaudited, in thousands) Development project termination credit: Cost of revenue$— $— $— $— Research and development (9,000) — (9,000) — Selling, general and administrative — — — — Total development project termination credit$(9,000) $— $(9,000) $— The difference between GAAP and non-GAAP gross margin was 1.6% and 1.6%, or $1.7 million and $1.5 million, for the three months ended July 31, 2026 and 2025, respectively. The difference between GAAP and non-GAAP gross margin was 1.6% and 1.8%, or $3.2 million and $3.2 million, for the six months ended July 31, 2026 and 2025, respectively. The differences were due to the effect of stock-based compensation and acquisition-related costs.
AMBARELLA, INC.RECONCILIATION OF GAAP TO NON-GAAP DILUTED EARNINGS (LOSSES) PER SHARE(in thousands, except share and per share data) Three Months Ended July 31, Six Months Ended July 31, 2026
2025
2026
2025
(unaudited)GAAP net loss$(6,689) $(19,995) $(24,782) $(44,323) Non-GAAP adjustments: Stock-based compensation expense 22,700 25,188 44,593 51,318 Acquisition-related costs 1,213 1,213 2,426 2,426 Development project termination credit (9,000) — (9,000) — Income tax effect 9 22 29 36 Non-GAAP net income$8,233 $6,428 $13,266 $9,457 GAAP - diluted weighted average shares 44,005,576 42,546,979 43,805,429 42,383,475 Non-GAAP - diluted weighted average shares 44,515,009 42,946,324 44,207,416 42,698,780 GAAP - diluted net loss per share$(0.15) $(0.47) $(0.57) $(1.05)Non-GAAP adjustments: Stock-based compensation expense 0.52 0.59 1.02 1.21 Acquisition-related costs 0.03 0.03 0.06 0.06 Development project termination credit (0.20) — (0.21) — Income tax effect — — — — Effect of Non-GAAP - diluted weighted average shares (0.02) — — — Non-GAAP - diluted net income per share$0.18 $0.15 $0.30 $0.22 AMBARELLA, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(unaudited, in thousands) July 31, January 31, 2026 2026 ASSETS Current assets: Cash and cash equivalents$101,850 $191,019 Marketable debt securities 170,482 121,552 Accounts receivable, net 37,440 39,180 Inventories 76,923 52,246 Restricted cash 442 442 Prepaid expenses and other current assets 6,885 5,836 Total current assets 394,022 410,275 Property and equipment, net 12,061 11,553 Intangible assets, net 56,672 58,046 Operating lease right-of-use assets, net 10,923 12,118 Goodwill 303,625 303,625 Other non-current assets 2,902 2,983 Total assets$780,205 $798,600 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable 26,478 54,029 Accrued and other current liabilities 86,490 97,964 Operating lease liabilities, current 2,229 2,027 Income taxes payable 2,309 1,531 Deferred revenue, current 20,865 22,393 Total current liabilities 138,371 177,944 Operating lease liabilities, non-current 10,413 11,408 Other long-term liabilities 11,105 14,459 Total liabilities 159,889 203,811 Shareholders' equity: Preference shares — — Ordinary shares 20 19 Additional paid-in capital 973,864 922,119 Accumulated other comprehensive income (loss) (864) 573 Accumulated deficit (352,704) (327,922)Total shareholders’ equity 620,316 594,789 Total liabilities and shareholders' equity$780,205 $798,600 Contact: Louis Gerhardy
408.636.2310 [email protected]
Tinder zrychlil tempo vývoje produktů na dvojnásobek oproti loňsku a více než 90 % nového kódu už tvoří AI. Firma zároveň přešla na doporučení zaměřená na „Sparks“.
3 Big Earnings Misses: Is It Time to Buy the Dip?Match Group NASDAQ: MTCH outlined changes to Tinder’s product-development process, recommendation systems and artificial-intelligence strategy during a CEO connection event focused on the dating app’s recent pace of product releases.
Tinder Chief Product Officer Mark Kantor said the company has updated “nearly every part” of the app over the past 18 months, including trust and safety, recommendations and new social connection features. He said Tinder reduced the prevalence of bots and bad actors by more than 60% and introduced products including Double Date and Events.
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3 Stocks Ringing in The New Year With Large Buyback AnnouncementsKantor attributed the faster pace to organizational changes, including smaller and more autonomous teams, increased direct engagement with users and the adoption of “Sparks” as a central performance metric. Tinder defines a Spark as a multi-way, six-way conversation, and the company said the metric is intended to align teams around user outcomes rather than simpler measures such as matches or likes.
Engineering Output and AI Tools Tinder Chief Technology Officer Vinay Kuruvila said the engineering team is shipping product at twice the rate it was a year ago. He said the company reduced linear handoffs among product, design and engineering teams while increasing experimentation and iteration.
Bumble's Valuation Hits an All-Time Low, Can Its Fortunes Change?Kuruvila said Tinder has also invested in its technology stack, including rearchitecting systems affected by technical debt, upgrading infrastructure for recommendations and machine-learning teams, and improving its experimentation platform. The company rewrote its chat system while keeping other parts of the ecosystem moving forward, he said, and plans to focus next on onboarding.
Artificial intelligence has become central to both product development and customer-facing features, executives said. Kantor said Tinder uses AI to reduce onboarding friction, help users build profiles and choose photos, support trust and safety tools, and improve recommendations. He said AI has shortened certain work that previously took months into weeks, or weeks into days.
As an example, Kantor said the Events product moved from an initial meeting in January to rapid prototypes within days and a public minimum viable product launch in Los Angeles in March.
Kuruvila said more than 90% of new code at Tinder is AI-generated, while emphasizing that engineers review the output. According to Kuruvila, every AI-generated code submission is reviewed by two engineers, while AI agents are also used to write tests, verify code and fix simpler bugs with human oversight.
The company said it is placing greater emphasis on hiring early-career talent with AI fluency. Kuruvila said engineering candidates are asked to complete multiple tasks using AI and explain their approach. Kantor said he is seeking curiosity, initiative and evidence of personal projects from product and design candidates.
Recommendation System Focuses on “Sparks” Kuruvila described Tinder’s recommendation work as still being in the “early innings,” saying major releases continue to produce substantial changes in core metrics. A July launch, called Queue Unification V2, combined previously separate recommendation queues into a single system optimized for Sparks and Spark Coverage.
Previously, different queues could have distinct objectives, such as maximizing revenue, supporting new-user retention or retaining existing paying users. Under the unified approach, Kuruvila said Tinder’s machine-learning algorithms are optimized around Sparks. He said the change has driven Sparks “significantly higher” for straight women, while rollout to other segments remains ongoing.
Tinder is also developing real-time adaptive recommendations, which Kuruvila said are expected to launch in late fourth quarter. Currently, a shift in a user’s swipe behavior can take up to four hours to affect recommendations, he said. The planned system is intended to respond to behavioral changes in seconds.
Kuruvila said the company’s decision to optimize for user outcomes rather than likes or revenue represents a major shift. He added that Tinder has a “user give back” budget allowing teams to pursue changes that could improve engagement even if they reduce revenue, although the company has generally found that engagement improvements also support revenue.
Social Features and Shared Technology Kantor said user research has repeatedly shown that singles want to bring friends into the dating experience. Tinder believes social features can reduce pressure, improve safety and make interactions more enjoyable, he said.
He said that in the U.S., more than one in five Tinder users between ages 18 and 22 has a Double Date pair. Tinder is also working on group hangouts that would support more participants, Kantor said. The company is continuing to add social elements to Events, noting that users commonly bring friends rather than attend alone.
Looking ahead, Kantor said Tinder is focused on improving the post-match experience, including using its rebuilt chat infrastructure to support conversations and meetup planning. Kuruvila said Match Group is increasingly sharing AI infrastructure, trust and safety technology and development tools across its portfolio of brands, including age assurance, verification and AI moderation capabilities.
About Match Group (NASDAQ:MTCH)Match Group, Inc NASDAQ: MTCH is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.
Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.
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Missouri American Water dokončila koupi vodovodních a kanalizačních systémů města Neosho za 34,5 milionu USD. Sítě obsluhují asi 5 400 odběratelů vody a 5 400 odběratelů kanalizace.
Acquisition Adds Approximately 5,400 Water and 5,400 Wastewater Customers; $35 Million in Planned Infrastructure Investments
, /PRNewswire/ -- Missouri American Water today completed its acquisition of the City of Neosho's water and wastewater systems for $34.5 million. The newly acquired systems serve approximately 5,400 water and 5,400 wastewater customers. Additionally, Missouri American Water is welcoming 25 employees who have proudly provided service to these customers prior to the acquisition.
The agreement for the purchase of the systems was unanimously approved by Neosho City Council on August 19, 2025, and the Missouri Public Service Commission (PSC) approved the acquisition on June 24, 2026. The agreement highlights Missouri American Water's commitment to deliver safe, clean, reliable and affordable water and wastewater services by making necessary system investments and improving operational efficiency for this community.
"The decision to sell Neosho's water and wastewater systems was made after careful consideration of the long-term needs of our residents and the significant investment required to maintain and improve these critical systems," said Neosho Mayor Tom Workman. "This acquisition positions our community to benefit from experienced utility operations, planned infrastructure improvements and continued focus on safe, reliable water and wastewater service. We appreciate the company's commitment to a smooth transition for customers and to making the investments needed to support Neosho now and into the future."
As part of the agreement and subject to approval by the PSC, Missouri American Water will invest approximately $35 million dollars in the Neosho water and wastewater systems over the next five years. The upgrades include facility improvements, replacement of water and wastewater mains, and the integration of technology to prioritize leak detection and wastewater treatment compliance with federal and state standards. Anticipated improvements also include the identification and replacement of all lead and galvanized steel service lines, replacing and upgrading aging water mains, and replacement of the Buffalo Creek lift station. Additional projects will be identified as Missouri American Water continues its analysis of the systems.
"We are honored to begin serving the City of Neosho as their water and wastewater provider, and our dedicated team of experienced professionals look forward to providing them with excellent service and becoming a part of their community," said Rich Svindland, President of Missouri American Water. "We are well positioned to modernize critical infrastructure, remove lead and galvanized service lines, and enhance quality and increase reliability."
High-quality customer service will remain a priority for Missouri American Water, which was recently ranked highest in customer satisfaction among large utilities in the Midwest by J.D.
Power. Residents will receive additional information in the mail from Missouri American Water in the coming weeks, and the information is also available now on a new, dedicated webpage on the company's website at missouriamwater.com under Customer Service and Billing, then select For New Customers.
Neosho residents will be able to take advantage of the company's customer service benefits, including online account management and billing information. Missouri American Water also provides customer assistance through its H20 Help to Others program for qualifying customers needing help paying their water and wastewater bills.
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 19 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.
About Missouri American Water
Missouri American Water, a subsidiary of American Water, is the largest regulated water utility in the state with over 700 dedicated employees working to provide safe, clean, reliable and affordable water and wastewater services to approximately 1.7 million people. For more, visit missouriamwater.com and follow Missouri American Water on X, Facebook, Instagram, YouTube and LinkedIn.
Chainlink has partnered with Bottomline, a B2B payments technology provider, to bring secure cross-chain payment capabilities to Bottomline’s banking customers. The collaboration pairs Chainlink’s blockchain interoperability infrastructure with a legacy payments firm that processes hundreds of billions of dollars in annual volume.
Bottomline provides SaaS-based solutions for payments automation, financial messaging, fraud prevention, and treasury management. Its customer base spans roughly 1,200 financial institutions and 10,000 businesses globally. Those clients rely on Bottomline’s infrastructure to move money across networks like Paymode, and the firm has built deep expertise around compliance frameworks including Swift and ISO 20022 standards.
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Chainlink has been courting the traditional finance sector, positioning itself as the connective tissue between blockchains and legacy systems. The most prominent example is Project Pangea, an initiative involving over 50 banking institutions across Europe and South Korea. That project targets T+0 settlement for foreign exchange transactions. The banks participating in Pangea collectively manage more than $10 trillion in assets under management.
Chainlink’s Cross-Chain Interoperability Protocol, known as CCIP, allows different blockchains and traditional systems to communicate with each other, which is critical for any financial institution that wants to use blockchain without being locked into a single chain.
Cross-border transactions between countries still routinely take days to settle. Fees can eat up 5% or more of a transfer’s value. The correspondent banking system that underpins most international payments involves multiple intermediaries, each adding cost and latency.
Bottomline’s emphasis on automation and compliance, particularly its alignment with ISO 20022 messaging standards, also matters. ISO 20022 is becoming the global standard for financial messaging.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Circle zveřejnil měsíční ověření USDC a Deloitte potvrdil, že rezervy ve výši 34,5 miliardy USD převyšují obíhající nabídku. Krytí tvoří hlavně krátkodobé americké státní dluhopisy a overnight repo.
Circle has issued its latest monthly reserve attestation for USDC, with Deloitte’s review showing reserve assets above total circulating token supply.
The attestation states that USDC reserves stood at $34.5 billion and were backed primarily by short-term U.S. Treasury bills and overnight repurchase agreements. That kind of reserve disclosure matters because stablecoins depend on confidence. Users need to believe that tokens can be redeemed and that reserves are managed conservatively.
USDC has long tried to compete on transparency and regulatory alignment.
Monthly attestations are part of that strategy.
For more details, visit the official Circle platform.
TL;DR Circle released its latest monthly USDC reserve attestation. The attestation showed reserve assets above circulating USDC supply. Reserves were mostly held in short-term U.S. Treasuries and overnight repo agreements. Why Stablecoin Attestations Matter Stablecoins are only useful if users trust the backing.
A dollar-pegged token needs enough high-quality assets behind it to meet redemptions. If users begin to doubt the reserves, confidence can disappear quickly. That is why reserve transparency has become one of the most important parts of the stablecoin market.
Attestations are not the same as real-time audits.
They are point-in-time assessments. But they still give the market a structured look at reserve composition and whether assets exceed token liabilities at the reporting date.
For USDC, that transparency is part of the product.
Treasuries And Repo Keep The Reserve Conservative Circle’s reserve mix remains important.
Short-term U.S. Treasury bills and overnight repurchase agreements are generally viewed as conservative, liquid instruments. They are not risk-free in every possible sense, but they are far easier for investors to understand than opaque commercial paper, volatile assets, or unsecured loans.
That matters in stablecoins.
Reserve quality can be as important as reserve size. A stablecoin backed by liquid government securities sends a different signal than one backed by harder-to-value assets.
USDC’s latest attestation supports the company’s transparency-led positioning.
A Point-In-Time Snapshot The limitation is important.
A reserve attestation reflects a specific reporting date. It does not show every movement before or after that date. It does not guarantee that reserve composition never changes. It does not eliminate operational, banking, regulatory, or redemption risk.
But it does create accountability.
By publishing regular reserve information, Circle gives users, exchanges, institutions, and regulators something concrete to review.
That helps separate serious stablecoin issuers from weaker operators that ask users to trust them without showing much.
USDC’s Role In Crypto Markets USDC remains one of crypto’s most important settlement assets.
It is used across exchanges, DeFi protocols, payment applications, remittances, tokenized markets, and institutional workflows. That makes reserve strength systemically relevant inside crypto.
If USDC confidence is high, it helps liquidity.
If stablecoin confidence weakens, the effects can spread quickly through DeFi and trading venues.
That is why even routine attestations matter.
The Broader Stablecoin Race Stablecoin competition is intensifying.
Tether remains the dominant issuer by supply, but USDC has positioned itself around transparency, compliance, and institutional access. New rules and bank-linked stablecoin projects could make the market even more competitive.
Circle’s reserve attestations are part of how it defends its place in that market.
The latest release does not change the entire stablecoin landscape overnight. But it gives users another monthly data point showing that USDC reserves exceeded circulating supply at the reporting date.
In stablecoins, that kind of boring transparency is exactly the point.
This article draws on Circle’s latest USDC reserve attestation materials.
This article was written by the News Desk and edited by Samuel Rae.
EastGroup Properties uvedla, že její portfolio bylo k 31. srpnu z 97,1 % pronajato a z 96,1 % obsazeno. V červenci a srpnu podepsala nové a obnovené nájemní smlouvy na 1,944 milionu čtverečních stop s průměrným růstem nájemného o 38,9 %.
, /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "our", "us" or "EastGroup") announced today its recent business activity and participation in upcoming conferences.
Commenting on the Company's activity, Marshall Loeb, CEO, stated, "We are pleased with the strength of our portfolio outperforming our expectations quarter to date. The leasing velocity we enjoyed earlier in the year continues and is reflected in our results. We look forward to seeing many of you at the upcoming conferences. And for any we may miss, we are available for your questions."
As of August 31, 2026, EastGroup's portfolio was 97.1% leased and 96.1% occupied. During July and August, 1,944,000 square feet of new and renewal leases were signed with rental rate increases averaging 38.9% on a straight-line basis and 23.1% on a cash basis.
During the third quarter of 2026 to date, the Company executed eight leases on active development and first generation properties totaling approximately 280,000 square feet.
The Company began construction of three development projects and one redevelopment project totaling 772,000 square feet with projected total costs of approximately $119,000,000. One of the development projects is a 100% pre-leased build-to-suit in San Diego.
The Company transferred a 100% leased, 113,000 square foot development project in Orlando to the operating portfolio.
As previously announced and since EastGroup's earnings release dated July 22, 2026, the Company closed on the acquisition of Harris Ridge Business Center in Austin for approximately $83,000,000. The property includes five buildings containing 388,000 square feet and is currently 95% leased to ten tenants.
In August, the Company acquired 70 acres of development land in the Northeast Dallas submarket for approximately $38,000,000. The land, known as Frisco Park 121 Phase II Land, is adjacent to the Company's previously acquired Frisco Park 121 Land and expands the existing development plan from 4 buildings totaling approximately 350,000 square feet to 11 buildings totaling approximately 1,000,000 square feet.
Also, in September, the Company acquired 30 acres of development land, known as Crossroads Logistics Park Phase II Land, for approximately $12,000,000. This land acquisition expands EastGroup's existing park located in the East Tampa submarket, increasing the existing development plan from three buildings totaling approximately 500,000 square feet to five buildings totaling approximately 850,000 square feet.
During the third quarter of 2026 to date, EastGroup entered into forward equity sale agreements with respect to 532,460 shares of common stock with an initial weighted average forward price of $203.96 per share and approximate gross sales proceeds of $108,600,000, based on the initial forward price. The Company did not receive any proceeds from the sale of common shares by the forward purchasers at the time it entered into forward equity sale agreements. As of September 2, 2026, the Company has 1,572,917 shares of forward equity sales agreements available for settlement prior to the expiration of the applicable settlement periods ranging from March 2027 through February 2028, for approximate gross sales proceeds of $318,200,000, based on an initial weighted average forward price of $202.30 per share.
Management is scheduled to participate in three upcoming conferences:
18th Annual Evercore Real Estate Conference scheduled for Wednesday, September 9, 2026 through Thursday, September 10, 2026; Bank of America Securities Global Real Estate Conference scheduled for Wednesday, September 16, 2026. Management is scheduled to present at 4:30 p.m. Eastern Time. The presentation will be broadcast live and is accessible through a registration link on the Company's website at www.eastgroup.net. An online replay of the webcast will be available at the same location; and Mizuho REIT Conference scheduled for Tuesday, September 29, 2026. During the conferences, EastGroup executives may discuss the Company's transaction activity, leasing environment, market trends and conditions, financial matters and other business that may be affecting the Company. Presentation materials that may be referenced during the EastGroup presentation are available on the "Investor Relations" page of the Company's website.
About EastGroup Properties, Inc.
EastGroup, a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. The Company's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 66.8 million square feet. EastGroup Properties, Inc. press releases are available at www.eastgroup.net.
Forward-Looking Information
The statements and certain other information contained herein, which can be identified by the use of forward-looking terminology such as "may," "will," "seek," "expects," "anticipates," "believes," "targets," "intends," "should," "estimates," "could," "continue," "assume," "projects," "goals," "plans" or variations of such words and similar expressions or the negative of such words, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. These forward-looking statements reflect the Company's current views about its plans, intentions, expectations, strategies and prospects, which are based on the information currently available to the Company and on assumptions it has made. Although the Company believes that its plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, the Company can give no assurance that such plans, intentions, expectations or strategies will be attained or achieved. Furthermore, these forward-looking statements should be considered as subject to the many risks and uncertainties that exist in the Company's operations and business environment. Such risks and uncertainties could cause actual results to differ materially from those projected. These uncertainties include, but are not limited to: international, national, regional and local economic conditions; the competitive environment in which the Company operates; fluctuations of occupancy or rental rates; potential defaults (including bankruptcies or insolvency) on or non-renewal of leases by tenants, or our ability to lease space at current or anticipated rents, particularly in light of ongoing uncertainty around interest rates, tariffs and general economic conditions; disruption in supply and delivery chains; increased construction and development costs, including as a result of tariffs or the recent inflationary environment; acquisition and development risks, including failure of such acquisitions and development projects to perform in accordance with our projections or to materialize at all; potential changes in the law or governmental regulations and interpretations of those laws and regulations, including changes in real estate laws, real estate investment trust ("REIT") or corporate income tax laws, potential changes in zoning laws, or increases in real property tax rates, and any related increased cost of compliance; our ability to maintain our qualification as a REIT; natural disasters such as fires, floods, tornadoes, hurricanes, earthquakes, or other extreme weather events, which may or may not be caused by longer-term shifts in climate patterns, could destroy buildings and damage regional economies; the availability of financing and capital, increases in or long-term elevated interest rates, and our ability to raise equity capital on attractive terms; financing risks, including the risks that our cash flows from operations may be insufficient to meet required payments of principal and interest, and we may be unable to refinance our existing debt upon maturity or obtain new financing on attractive terms or at all; our ability to retain our credit agency ratings; our ability to comply with applicable financial covenants; credit risk in the event of non-performance by the counterparties to our interest rate swaps; how and when pending forward equity sales may settle; lack of or insufficient amounts of insurance; litigation, including costs associated with prosecuting or defending claims and any adverse outcomes; our ability to attract and retain key personnel or lack of adequate succession planning; risks related to the failure, inadequacy or interruption of our data security systems and processes, including security breaches through cyber attacks; pandemics, epidemics or other public health emergencies, such as the coronavirus pandemic; potentially catastrophic events, such as acts of war, civil unrest and terrorism, including escalation or expansion of the war in the Middle East; and environmental liabilities, including costs, fines or penalties that may be incurred due to necessary remediation of contamination of properties presently owned or previously owned by us. All forward-looking statements should be read in light of the risks identified in Part I, Item 1A. Risk Factors within the Company's most recent Annual Report on Form 10-K, as such factors may be updated from time to time in the Company's periodic filings and current reports filed with the SEC. The Company assumes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
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That wraps up our initial coverage of Lululemon’s Q2 results. Thank you for stopping by!
Lululemon just reported earnings, with shares initially down 15% following the report. Here are the key numbers:
Revenue: $2.416B vs. $2.46B expected Adjusted EPS: $2.92 vs. $1.80 expected Quick Read:
Lululemon delivered a massive EPS beat, but revenue missed expectations as sales fell 4% year over year.
The 15% sell-off despite the earnings beat suggests investors are far more concerned about weakening sales and the company’s turnaround trajectory than near-term profitability.
Consensus sits at , but the full-year framework matters more. Management already reset the full-year 2026 outlook to , down from .
Lululemon Athletica (NASDAQ:LULU) has historically guided conservatively, excluding tariff impacts from headline numbers.
Bullish vs Bearish Scenarios Bullish guidance would hold North America to the high-single-digit annual decline, sustain approximately 20% China growth, and flag tariff mitigation. Investors also want stability on the operating margin compression.
A bearish outcome would be another EPS cut below , deeper Americas comp erosion, or wider markdowns.
With shares already down , guidance dictates whether incoming CEO Heidi O’Neill inherits a stock ready to rebound or a falling knife.
Bull Case: Why a Beat Could Reset the Narrative China and international momentum: Q1 FY2026 China mainland revenue rose , with full-year China guidance intact at growth. Low expectations: Consensus EPS sits at just after downward revisions in 30 days, and shares trade at a P/E. Crowd conviction: Polymarket puts beat odds at , and insiders are net . Bear Case: Why Confidence May Stay Broken North America still deteriorating: Q2 guidance calls for U.S. revenue to decline in the . Margin collapse: Q2 gross margin is guided down ; operating margin drops to . Post-beat selling pattern: Beats averaged a earnings-day reaction. YTD damage: Shares are down YTD, leaving little room for a guidance cut before Heidi O’Neill arrives.
Lululemon is expected to report earnings at 4:05 PM ET, and the biggest question is whether its struggling North American business is stabilizing.
Management previously guided to low-double-digit declines in North American full-price sales, while tariffs and markdowns are expected to pressure gross margin by roughly 410 basis points this quarter.
The report also comes during a major leadership transition. Interim co-CEOs are preparing to hand control to incoming CEO Heidi O’Neill this month, putting even more attention on management’s outlook and commentary.
Lululemon now trades around 10 times earnings, reflecting how far investor confidence has fallen. An earnings beat paired with signs of stabilization in North America could begin resetting the narrative. Another guidance cut would deepen the company’s credibility problem heading into its new CEO era.
This article is updated throughout the trading day. Check back for more.
Full CoverageThe story so far
Lululemon (NASDAQ:LULU | LULU Price Prediction) is expected to report fiscal Q2 results after the bell today at 4:05 PM ET. Shares are down about 40% year to date, leading Michael Burry to call the stock “screaming cheap.”
Sentiment Meets Margin Reset Last quarter, the athletic-apparel maker posted revenue of $2.5 billion with comparable sales down 2% and diluted EPS of $1.69 versus $2.60 a year earlier. Gross margin contracted to 54.2% from 58.3%, and operating margin dropped to 11.2% from 18.5%, pressured by tariffs and fixed-cost deleverage.
Management cited “spikes of negative commentary in the media and on social channels” and product launches that underdelivered. Traffic softened over the last 6-7 weeks of the quarter. Shares fell 8.56% on the reaction, extending a rout that has pulled the stock 40.03% lower over one year.
Consensus Estimates Metric Q2’26 Estimate YoY Change FY26 Estimate FY27 Estimate Revenue $2.46B -2.6% $11.04B $11.34B EPS (Normalized) $1.7902 -42.3% $11.03 $11.46 The consensus sits inside management’s own Q2 range of $1.76 to $1.81, so the bar is set at the guide. Analyst EPS estimates for the full year have been cut from $12.30 ninety days ago to $11.03. That reset reframes any beat as damage control rather than momentum.
What I’m Watching Tonight Tonight, I’ll be watching how management frames the North America trajectory. Management guided the region to a low double-digit revenue decline in Q2 and expects markdowns to peak this quarter before improving sequentially.
Investors are also going to focus on the company’s gross margin. Tariffs alone carry a 150 basis point gross negative impact this quarter, with 100 basis points of offsets. The company is modeling a 20% back-half incremental tariff rate, and any shift there flows straight to the FY EPS range.
Mainland China is another pillar. Management guided to mid-to-high teens growth in Q2 and roughly 20% for the year, with activations including the Great Wall Yoga Experience. Sustainability of this trend after April’s brand disruption will define the international thesis.
I’ll also watch inventory. Q1 dollar inventory grew 2% while units fell roughly 4%. Cleaner units support the promised markdown moderation. Finally, analysts will listen for the tone on the new CEO Heidi O’Neill appointment and any early strategic direction.
Earnings History Quarter EPS Surprise 1-Day Move 7-Day Move 30-Day Move Q1 27 n/a -8.56% +3.97% +2.00% Q4 26 +4.8% -0.40% +1.05% +5.03% Q3 26 +17.27% +9.60% +2.19% +0.02% Q2 26 +8.74% -18.58% -4.73% +3.20% On average, shares moved -2.9% seven days after earnings across the past six reports.
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Thomas Richmond
Thomas Richmond is a financial writer and content strategist with 5+ years of experience covering stocks and financial markets. He has published over 250 articles focused on individual stock analysis, helping investors better understand business fundamentals, stock valuations, and long-term opportunities.
Thomas previously served as a Content Lead at TIKR, a stock research platform, where he helped scale the company’s blog to hundreds of articles per month and contributed to a weekly newsletter reaching more than 100,000 investors.
He specializes in breaking down complex companies into clear, actionable insights for everyday investors, with a focus on fundamentals-driven research.
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HOUSTON, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that shareholders have approved all proposals required to effect the Company's redomestication from Ireland to Delaware, including approval at both the Board-Convened Scheme Meeting and Extraordinary General Meeting. The shareholder vote marks a significant milestone in Weatherford's continued transformation and advances the Company's plan to establish a corporate structure better aligned with its global operations, long-term strategy, and shareholder base.
The Company believes the redomestication will simplify its organizational, statutory, and regulatory structure while providing a more appropriate corporate framework to support future growth and value creation. Weatherford expects the transaction to generate approximately $20 million to $30 million in annual cash savings beginning in 2027 and views the initiative as an important contributor to continued improvement in adjusted free cash flow conversion.
Girish Saligram, Weatherford’s President and Chief Executive Officer, commented, “We appreciate the strong support from our shareholders and their confidence in Weatherford's strategy. This vote represents an important milestone in our evolution as a company and reflects a shared commitment to creating long-term value. By redomesticating to Delaware, we are establishing a more efficient corporate structure that better aligns with our operations, enhances financial flexibility, and supports our continued focus on delivering strong returns for shareholders.”
The redomestication remains subject to customary closing conditions, including final approval by the Irish High Court. Subject to satisfaction of those conditions, the Company expects the transaction to become effective during the fourth quarter of 2026.
About Weatherford
Weatherford is a global energy services company that helps customers drill smarter, complete wells more effectively, and maximize production across the entire well lifecycle. With a differentiated portfolio of market-leading solutions, integrated technologies, and a broad global customer footprint across six continents, we blend advanced engineering, digital intelligence, and world-class field expertise to reduce risk, improve performance, and maximize the value of customer assets. Together, we elevate every operation, delivering stronger wells, sharper decisions, and better energy for the world. Visit weatherford.com for more information and connect with us on social media.
Forward-Looking Statements
This release, as well as other statements we make, include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not historical facts, including statements about Weatherford’s beliefs, plans, estimates, or expectations, are forward-looking statements. Forward-looking statements often use words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “plan,” “potential,” “should,” “target,” “will,” and other words of similar meaning. Such forward-looking statements include, but are not limited to, statements regarding the redomestication, that include, among other things, the anticipated timing and benefits of the redomestication, including the realization of additional cost savings and operational efficiencies, and statements relating to future financial performance and results and goals. These statements are based on current beliefs, plans, estimates, and expectations, all of which involve risk and uncertainty. Actual results may differ materially from those included in such forward-looking statements and therefore you should not place undue reliance on them.
The factors that could cause actual results to differ materially from current expectations include, but are not limited to, our ability to receive, in a timely manner and on satisfactory terms, required court approval, and to satisfy the other conditions to the redomestication within the expected timeframe or at all; our ability to realize the expected benefits from the redomestication; the occurrence of difficulties in connection with the redomestication, including any costs related thereto; the risk that the redomestication disrupts current plans and operations; any changes in tax laws, tax treaties or tax regulations or the interpretation or enforcement thereof by the tax authorities in Ireland, the United States and other jurisdictions following the redomestication; and the future financial performance of Weatherford following the redomestication.
The foregoing factors are in addition to those other risks, uncertainties, and factors included in the “Risk Factors” section and elsewhere in Weatherford’s reports filed with the SEC, including annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, the proxy statement for the meetings, and other documents filed with the SEC. There may be other risks and uncertainties that we are not currently aware of or are unable to predict and which may also affect Weatherford’s forward-looking statements and may cause actual results and the timing of events to differ materially from those anticipated. The forward-looking statements made in this communication are made only as of the date hereof or as of the dates indicated in the forward-looking statements and Weatherford undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.
For Investors:
Luke Lemoine
Weatherford Investor Relations
+1 713-836-7777 [email protected]
For Media:
Kelley Hughes
Weatherford Communications, Marketing and Sustainability [email protected]
Samsara ve 2. fiskálním čtvrtletí překonala odhady: EPS činil 20 centů a tržby 508,44 milionu USD. Akcie v prodlouženém obchodování vzrostly o 13,32 %.
Samsara Inc. (NYSE:IOT) posted its fiscal 2027 second-quarter results after Thursday’s closing bell, beating expectations across the board. Here’s a look at the details inside the report.
IOT stock is moving. Watch the price action here. Samsara Q2 Details Samsara reported quarterly earnings of 20 cents per share, which beat the Street estimate of 16 cents by 25%, per Benzinga Pro data.
Quarterly revenue came in at $508.44 million, beating the analyst estimate of $483.26 million and up from $391.480 million in the same period last year.
The company also announced it has crossed $2.1 billion in annual recurring revenue and added 242 $100,000-plus ARR customers and 20 $1 million-plus ARR customers.
Samsara’s additional highlights include:
$2.1 billion in ARR, up 30% year-over-year $134 million in net new ARR, up 28% year-over-year ARR from $100,000-plus ARR customers accelerated for the fourth consecutive quarter ARR from $1 million-plus ARR customers surpassed $500 million, growing more than 50% year over year for the third consecutive quarter Emerging products contributed more than 20% of net new ACV for the third consecutive quarter Read Next
“Samsara delivered another quarter of durable and efficient growth, crossing $2.1 billion in ARR with 30% year-over-year growth for the third consecutive quarter,” said CEO Sanjit Biswas.
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“Our large customers continue to drive our momentum, and customer adoption of some of our latest AI features is up more than 4x in the last two months,” Biswas added.
IOT Stock Price: According to data from Benzinga Pro, Samsara stock was up 13.32% to $43.91 in Thursday’s extended trading.
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Electric power transmission pylon miniatures and Dominion Energy logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
CompaniesSept 3 (Reuters) - Dominion Energy (D.N), opens new tab said in a regulatory filing on Thursday that its shareholders approved the utility's previously announced $66.8 billion merger with NextEra Energy (NEE.N), opens new tab at a special meeting, with 671.32 million votes cast in favor of the deal.
The companies had announced their plan to merge in May, which is expected to create one of the world's largest electric utilities during an expansion of energy-intensive data centers to support artificial intelligence.
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Virginia-based Dominion serves the largest concentration of data centers globally.
A resurgence in electricity demand and the growing electrification of transportation and other industries has sparked a wave of major utility mergers in recent years after nearly two decades of stagnant power consumption.
The deal, which is pending regulatory approvals, will create the third-biggest U.S. energy company, behind oil majors Exxon Mobil (XOM.N), opens new tab and Chevron (CVX.N), opens new tab, and an entity with an enterprise value topping the next two largest U.S. power companies combined.
Virginia Governor Abigail Spanberger said in August she would intervene in the regulatory review of NextEra's merger with Dominion, pressing for commitments on electric bill affordability, job protections and clean energy investments.
The governor said she would formally become a party to the case before the Virginia State Corporation Commission, giving her access to filings and the ability to raise questions and concerns about the transaction.
While Maine Governor Janet Mills also said in the same month that the deal would give NextEra excessive control over New England energy assets, limit competition and make it harder to lower energy costs.
A Maine legislation in April had imposed a moratorium on new data centers as concerns grew over their impact on power bills and the environment.
Reporting by Pooja Menon in Bengaluru; Editing by Shailesh Kuber
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Cencora zvýšila výhled upraveného EPS pro fiskální rok 2026 na 17,75–17,95 USD po silnějším růstu upraveného zisku ve 3. čtvrtletí. Upravený zisk na akcii vzrostl meziročně o 12 % na 4,48 USD.
Key Takeaways Cencora lifted fiscal 2026 adjusted EPS guidance to $17.75-$17.95 after stronger third-quarter profits.COR's U.S. segment profit rose 15.9%, helped by OneOncology, specialty sales and higher pharma volumes.Cencora's international operating income rose 20.8%, driven by European distribution and specialty logistics. Cencora (COR - Free Report) raised its fiscal 2026 adjusted earnings outlook after third-quarter results showed faster profit growth across both healthcare solutions segments. Adjusted earnings per share rose 12% year over year to $4.48, topping the Zacks Consensus Estimate by 2.5%.
The investor question is whether specialty-driven operating leverage can keep outweighing lower-margin product mix and higher financing costs. Recent results suggest specialty is doing more of the earnings work, even as reported revenue growth remains pressured by pricing changes and customer losses.
Cencora’s Q3 Beat Leads to a Higher EPS OutlookThird-quarter revenues increased 5.1% to $84.76 billion, while adjusted operating income advanced 17% to $1.24 billion. Adjusted operating margin improved 15 basis points to 1.46% as gross profit growth outpaced the increase in operating expenses.
Cencora lifted fiscal 2026 adjusted earnings guidance to $17.75-$17.95 per share from $17.70-$17.90. It also narrowed adjusted operating income growth expectations upward to 13%-14% from 12%-14%, while maintaining consolidated revenue growth guidance of 4%-6%.
Image Source: Zacks Investment Research
COR’s U.S. Healthcare Business Drives Profit GrowthU.S. Healthcare Solutions revenues rose 4.9% to $74.9 billion, supported by higher unit volumes, specialty product sales and GLP-1 demand. Segment operating income climbed 15.9% to $966.2 million, aided by OneOncology and increased pharmaceutical sales.
Management said OneOncology and Retina Consultants of America performed ahead of expectations, while the core business generated double-digit organic operating income growth excluding OneOncology and the lost oncology customer. McKesson Corporation (MCK - Free Report) is also expanding its oncology and multispecialty platform, including an agreement announced in August to acquire Precision Medicine Group for about $2.25 billion. Cardinal Health (CAH - Free Report) , another major pharmaceutical distributor, provides a useful industry comparison because pharmaceutical distribution remains central to its business.
Cencora’s International Segment Adds MomentumInternational Healthcare Solutions revenues increased 5.9% to $7.7 billion, or 6.1% at constant currency. Operating income rose 20.8% to $165.9 million and advanced 23.1% at constant currency.
European distribution and global specialty logistics drove the improvement. The quarter also benefited from the timing of manufacturer price changes in a developing market, a factor management does not expect to repeat in the fourth quarter.
COR’s GLP-1 Mix and Interest Costs Temper the UpsideGLP-1 sales increased $2.3 billion year over year and supported U.S. revenue growth, but these products carry lower gross profit margins than many other categories. Cencora also absorbed a $2.4 billion revenue headwind from manufacturer list-price reductions, along with the effects of a lost oncology customer and lower sales to a large mail-order customer.
Financing is another offset. Net interest expense increased 72% to $140.7 million, primarily because of debt raised to help fund the OneOncology acquisition and lower interest income. Cencora has made progress on debt repayment, but higher borrowing costs remain part of the earnings equation.
Cencora’s Strong Style Scores Meet a Hold SignalThe raised outlook and specialty execution support the earnings picture, but mix, pricing and financing pressures keep the near-term setup balanced. Cencora currently carries a Zacks Rank #3 (Hold), which points to a neutral near-term earnings-estimate signal rather than a clear buy or sell indication. McKesson and Cardinal Health currently carry a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy)stocks here.
COR has a Growth Score of A, VGM Score of A and Value Score of B, indicating favorable characteristics across growth and broader style measures. Its Momentum Score of D is less supportive. Because Style Scores are designed to complement the Zacks Rank, the combination suggests attractive fundamental traits alongside a more measured near-term view.
Nearly four out of every five dollars of USDT0 sitting in DeFi protocols live inside Aave V3. The lending giant controls 78.6% of the roughly $872.7 million in USDT0 deposits across decentralized finance, a concentration of stablecoin liquidity that would make most traditional banks jealous.
That number becomes even more striking when you zoom out. Aave V3’s share of the combined USDT and USDT0 total value locked sits at approximately 62.8% of $6.1B across 29 protocols, translating to about $3.83B in stablecoin deposits under its roof.
The numbers behind the surge Over a roughly 90-day stretch leading into late July 2026, net USDT deposits on Aave V3’s Core market jumped by $526 million. That pushed holdings from $1.93B to approximately $3.03B, a 57% increase in about three months.
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Utilization rates on the platform frequently exceed 90%. Those sky-high utilization rates have forced Aave’s governance to keep pace. The protocol’s community passed several votes to raise supply caps, including a June 2026 increase that pushed the ceiling to $3.48B.
USDT0 and the cross-chain factor USDT0 itself deserves some explanation. Launched in early 2025, it’s essentially Tether’s omnichain version of USDT, designed to move seamlessly across multiple blockchains using LayerZero technology and a burn-and-mint mechanism. Since going live, USDT0 has facilitated over $85B to $100B in cross-chain volume.
Its presence on various Aave markets, including deployments on networks like Plasma, has made it a natural fit for the protocol’s multi-chain strategy.
What this means for DeFi lending For competing lending protocols, the challenge is significant. When one platform controls nearly 63% of all USDT and USDT0 TVL across 29 protocols, the remaining 28 are splitting roughly $2.27B among themselves.
The borrowing activity underpinning these numbers also reveals something about broader market sentiment. High stablecoin utilization rates typically indicate active leverage in the system, with traders borrowing stablecoins to deploy into volatile assets or to fund yield strategies elsewhere.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Globus Medical získala CE mark pro Excelsius3D™, takže jej může komerčně prodávat v EU a Británii. Systém rozšiřuje ekosystém Excelsius™ a posiluje robotickou navigaci ExcelsiusGPS™.
AUDUBON, Pa., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Globus Medical, Inc. (NYSE: GMED), a leading musculoskeletal technology company, today announced that the Excelsius3D™ intelligent 3-in-1 imaging system is now CE marked for commercial sale in the European Union and the United Kingdom. The addition of Excelsius3D™ expands the company’s Excelsius™ Ecosystem of enabling technologies and further enhances the capabilities of the ExcelsiusGPS™ robotic navigation system in the European Union.
Excelsius3D™ is an intelligent, mobile imaging platform that combines 3D cone-beam computed tomography (CT), 2D fluoroscopy, and digital radiography in a single system. Designed for intraoperative use, Excelsius3D™ seamlessly integrates with ExcelsiusGPS™, enabling intraoperative imaging and robotic navigation to work together within a streamlined procedural workflow. Its compact footprint and omnidirectional wheels facilitate easy positioning and transport within the operating room, while providing surgeons and operating room teams with multiple imaging modalities in one comprehensive platform.
“The CE mark for Excelsius3D™ represents an important milestone in the continued expansion of the Excelsius™ Ecosystem,” said Keith Pfeil, President and Chief Executive Officer of Globus Medical. “We are committed to bringing innovative enabling technologies to surgeons around the world, and this important milestone further expands the capabilities of our platform by combining intraoperative imaging with the robotic navigation capabilities of ExcelsiusGPS™ across the European Union.”
“Excelsius3D™ was developed with a focus on bringing advanced imaging capabilities into a mobile platform that can integrate within the surgical workflow,” said Norbert Johnson, Chief Technology Officer of Globus Medical. “Its integration with ExcelsiusGPS™ represents an important step in connecting imaging, navigation, and robotics within the Excelsius™ Ecosystem, providing surgeons with complementary technologies designed to work together throughout the surgical workflow.”
Excelsius3D™ is designed to function as a stand-alone intraoperative imaging platform or as an integrated component of the Excelsius™ Ecosystem with ExcelsiusGPS™. This flexibility allows hospitals and surgical teams to leverage the system’s advanced imaging capabilities across a range of intraoperative applications while also supporting an integrated imaging and robotic navigation workflow when used with ExcelsiusGPS™.
The Excelsius3D™ system received U.S. Food and Drug Administration (FDA) 510(k) clearance in 2021. With CE marking, Globus Medical will begin commercializing Excelsius3D™ in the European Union and United Kingdom markets.
For more information about Globus Medical and the Excelsius™ Ecosystem, visit https://www.globusmedical.com/musculoskeletal-solutions/excelsiustechnology/.
Indications for Use
Excelsius3D™ is a mobile X-ray system designed for 2D fluoroscopy, 2D digital radiography, and 3D imaging of adult and pediatric patients. The system is indicated for use where a physician benefits from 2D and 3D information on anatomic structures and high contrast objects with high X-ray attenuation such as bony anatomy and metallic objects. Excelsius3D™ images are compatible with image guided systems such as ExcelsiusGPS™.
About Globus Medical, Inc.
Globus Medical, Inc. is a leading global musculoskeletal technology company dedicated to solving unmet clinical needs and changing lives. We innovate with inspired urgency, provide world-class education and clinical support, and advance care throughout spine, orthopedic trauma, joint reconstruction, biomaterials, and enabling technologies. Additional information can be accessed at www.globusmedical.com.
Safe Harbor Statements
All statements included in this press release other than statements of historical fact are forward-looking statements and may be identified by their use of words such as “believe,” “may,” “might,” “could,” “will,” “aim,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “plan” and other similar terms. These forward-looking statements are based on our current assumptions, expectations, and estimates of future events and trends. Forward-looking statements are only predictions and are subject to many risks, uncertainties, and other factors that may affect our businesses and operations and could cause actual results to differ materially from those predicted. These risks and uncertainties include, but are not limited to, the risks and costs associated with health epidemics, pandemics, and similar outbreaks, factors affecting our quarterly results, our ability to manage our growth, our ability to sustain our profitability, demand for our products, our ability to compete successfully (including without limitation our ability to convince surgeons to use our products and our ability to attract and retain sales and other personnel), our ability to rapidly develop and introduce new products, our ability to develop and execute on successful business strategies, our ability to comply with laws and regulations that are or may become applicable to our businesses, our ability to safeguard our intellectual property, our success in defending legal proceedings brought against us, trends in the medical device industry, general economic conditions, the successful integration of businesses that we have acquired or may acquire in the future, and other risks. For a discussion of these and other risks, uncertainties, and other factors that could affect our results, refer to the disclosures contained in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”), including the sections labeled “Risk Factors” and “Cautionary Note Concerning Forward-Looking Statements,” and in our subsequent filings with the SEC. These documents are available at www.sec.gov. Moreover, we operate in an evolving environment. New risk factors and uncertainties emerge from time to time and it is not possible for us to predict all risk factors and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements. Forward-looking statements contained in this press release speak only as of the date of this press release. Except as may be required by applicable law, we undertake no obligation to update any forward-looking statements as a result of new information, events or circumstances or other factors arising or coming to our attention after the date hereof. As used herein, the “Company,” “Globus”, “Globus Medical,” “we,” “us,” and “our” refers to Globus Medical, Inc.
Contact:
Brian Kearns
Senior Vice President, Business Development and Investor Relations
Phone: (610) 930-1800
Email: [email protected] | www.globusmedical.com
Curve DAO zvolila yRisk novým poskytovatelem posuzování rizik a monitorování trhu pro crvUSD mint markets a Llamalend isolated markets po téměř jednomyslném schválení 536,9 milionu CRV. LlamaRisk po skončení mandátu přešel výhradně na Aave.
Curve DAO just handed the keys to its risk management operation to a team of two people. yRisk, a small automation-first outfit, has been formally appointed as the new risk assessment and market monitoring provider for both crvUSD mint markets and Llamalend isolated markets.
The preference vote wasn’t even close. 536.9 million CRV tokens backed yRisk in what amounted to a unanimous endorsement from Curve’s governance participants. A binding funding vote followed, closing around September 2, 2026, to finalize the mandate.
Out with LlamaRisk, in with yRisk The transition comes after LlamaRisk, Curve’s primary external risk provider since 2021, wrapped up its mandate on June 30, 2026. LlamaRisk returned unvested crvUSD to the Curve treasury upon departure and has since shifted its focus exclusively to Aave.
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yRisk’s scope covers a wide mandate: collateral evaluations, parameter monitoring, alerts during periods of market stress, and biannual public health updates on the protocol’s lending markets.
Why the timing matters: Llamalend v2 This isn’t just a routine vendor swap. Curve is in the middle of a significant infrastructure upgrade with the launch of Llamalend v2, which went live on Optimism in June 2026 with a 250,000 OP grant to support its rollout.
Llamalend v2 allows for more flexible combinations of collateral and borrowing assets, expanding pairings beyond crvUSD. Every new collateral-borrowing pair needs governance-approved parameters, stress testing, and ongoing oversight.
The older v1 markets are being phased out as v2 rolls forward.
crvUSD holding its ground crvUSD has maintained its peg between $0.997 and $1.000 through recent market volatility. Holdings of scrvUSD, the staked version of the stablecoin, have also increased significantly, acting as a stability buffer for the broader system.
What this means for Curve’s competitive position LlamaRisk’s departure to focus solely on Aave reveals how the risk management market in DeFi is maturing, with providers specializing and choosing protocols that align with their methodologies. Aave retained LlamaRisk. Morpho has its own risk framework. Curve chose a two-person team while its competitors scale up their risk operations.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Robinhood Chain 25. srpna dosáhl rekordního denního objemu DEX ve výši zhruba 945 milionů USD. Za necelé dva měsíce už překonal 47 miliard USD kumulativního objemu.
A two-month-old Layer 2 built by a stock brokerage is now processing more daily decentralized exchange volume than chains that have existed for years, and the market is only beginning to pay attention.
Summary
Robinhood Chain recorded roughly $945 million in daily decentralized exchange volume on Aug. 25, 2026, a new all-time high for the network and nearly double its previous record of $563 million set on July 8. The chain, which launched its public mainnet on July 1, has processed more than $47 billion in cumulative DEX volume in under two months, placing it fifth among all chains by 30-day volume at $15 billion. Uniswap serves as the dominant trading venue on the chain, and cumulative tokenized stock volume through Uniswap surpassed $1 billion by Aug. 21. Total value locked on Robinhood Chain surged from $4 million in June to roughly $1.4 billion by late August, a trajectory that no Ethereum Layer 2 has matched at this stage of its lifecycle. The 90-day gas subsidy that covers transaction fees through the end of September 2026 raises a central question: whether volume holds once users start paying for their own trades. Robinhood Chain processed roughly $945 million in decentralized exchange volume on Aug. 25, 2026. On the same day, the network handled 5.5 million transactions, tokenized stock volume hit a record $85 million, and a leveraged perpetual token product called pTokens went live on Arcus, the dYdX-built DEX backed by Robinhood Crypto. By any standard metric for a new blockchain, the day was historic.
Crypto Twitter, for its part, was busy arguing about memecoins and parsing Federal Reserve minutes. The chain that a publicly traded brokerage had quietly built into one of the most active networks in all of decentralized finance received roughly the same attention as a midcap altcoin listing on a second-tier exchange.
That disconnect between activity and attention says something about how the market prices narratives over infrastructure. Robinhood Chain is not a new token to trade. It does not have a native coin to speculate on. It is not the product of a pseudonymous team or a viral whitepaper. It is a piece of financial plumbing, built by a company that most of crypto still views with suspicion from the GameStop saga, and it is processing more daily volume than networks that raised hundreds of millions of dollars in venture capital.
The question is no longer whether Robinhood Chain can generate activity. It already has. The question is whether the activity is real, whether it lasts, and whether it changes anything about how traditional finance and decentralized finance relate to each other.
How Robinhood built a top-five chain in 56 days Robinhood Chain is an Ethereum Layer 2 built on Arbitrum Orbit, the chains-as-a-service framework that runs on the Nitro stack. It settles directly to Ethereum and uses Ethereum blobs for data availability. Block times run at 100 milliseconds, faster than Arbitrum One at 250 milliseconds and Monad at 300 milliseconds. The gas token is ETH.
The mainnet went live on July 1 at Robinhood’s “The World is Flat” keynote at the Old Royal Naval College in London. Within eight days, Uniswap swap volume on the chain had reached $500 million. By July 11, the chain was processing 7.6 million daily transactions and had recorded $3.1 billion in DEX volume in its first week alone.
By the end of July, Robinhood Chain had topped Ethereum in 24-hour application revenue. It had briefly surpassed Base in daily active users, logging 324,000 wallets against Base’s 275,000 on July 21. And it had placed itself in the top five chains globally by 30-day DEX volume, sitting behind Solana, BNB Chain, Ethereum, and Base with roughly $15 billion in monthly throughput.
For context, Arbitrum One’s 30-day DEX volume during the same period was roughly one-quarter of that figure. Robinhood Chain, using the same underlying technology, was running four times the volume of the chain it forked from.
The volume breakdown: what is actually trading The Aug. 25 record was not driven by a single asset class. Three distinct categories of activity converged on the same day.
The first was memecoin speculation. Pons, a token launched through the chain’s launchpad ecosystem, accounted for roughly half of all DEX volume at its peak. CASHCAT, Robinhood Chain’s first breakout memecoin, had previously hit a $156 million market cap before Pons overtook it in late July. On Aug. 30, Pons alone contributed $445 million of the chain’s $874.8 million in volume that day, demonstrating the degree to which a single venue can dominate chain-level metrics.
The second was tokenized equities. Robinhood launched Stock Tokens as a flagship product at mainnet, offering ERC-20 representations of stocks like NVIDIA, Apple, GameStop, and SpaceX that trade around the clock in more than 120 countries. These tokens give holders economic exposure to the underlying stock rather than legal ownership of shares. By Aug. 21, cumulative tokenized stock volume through Uniswap had surpassed $1 billion. A tokenized Nasdaq-100 tracker called QQQB drove 288 percent of July’s tokenized equity volume, suggesting heavy concentration in index products.
The third was leveraged derivatives. Arcus launched pTokens on Aug. 25, wrapping leveraged perpetual accounts into transferable ERC-20 tokens including pBTC3x and pHOOD3x. The platform also began accepting tokenized stock collateral at a 50 percent loan-to-value ratio, creating a direct bridge between equity exposure and leveraged crypto trading that has no equivalent on any other chain.
The timing of the Aug. 25 spike also mattered. Bitcoin had rallied sharply since Aug. 17 on what Bloomberg called a record $2.7 billion wave of short liquidations, the largest since records began in 2021. A White House crypto meeting and a U.S. Treasury move to double long-dated bond buybacks added fuel. Bitcoin reached near $81,500 and Ether gained nearly 29 percent in a single week. That macro tailwind lifted activity across every chain, but Robinhood Chain captured a disproportionate share because its zero-fee environment made it the path of least resistance for traders looking to rotate quickly between assets.
The stablecoin layer underneath the trading activity tells its own story. Stablecoin market capitalization on Robinhood Chain reached $640 million by late August, with USDe from Ethena accounting for the bulk of inflows. Robinhood Earn, a decentralized lending product launched alongside the mainnet, offers an estimated 7 percent yield on USDG, the stablecoin developed in partnership with Paxos. The yield product serves as an anchor for capital that might otherwise leave the chain between trading sessions, giving the ecosystem a retention mechanism that pure trading chains typically lack.
The infrastructure advantage Robinhood brought to the table Most Layer 2 networks launch with a technical thesis and then spend months or years trying to attract users. Robinhood reversed the sequence. The company brought 27 million funded brokerage accounts, an existing mobile wallet, a compliance infrastructure built over a decade of regulatory engagement, and a brand that, whatever crypto natives think of it, is synonymous with retail trading for an entire generation of investors.
CEO Vlad Tenev framed the ambition in a recent interview: “Crypto is becoming the infrastructure that powers financial markets.” On Aug. 7, he described Robinhood Chain as the fastest-growing chain in history, noting that it reached 100 million cumulative transactions faster than any other network. Bitmine Chairman Tom Lee separately called the launch “one of the biggest crypto success stories” of 2026.
The revenue model also differs from most Layer 2 networks. Under the Arbitrum Expansion Program, 8 percent of chain revenue goes to a treasury controlled by governance token holders and 2 percent funds a developer guild. Robinhood keeps the rest. In July alone, the chain generated roughly $3.6 million in transaction fees, making it the top revenue-producing Layer 2 across the entire Ethereum ecosystem at 38 percent of the estimated $6.3 million in total L2 fees collected that month.
The company’s Q2 2026 earnings, reported on July 29, showed total revenue of $1.31 billion, beating Wall Street estimates. Net income rose 48 percent year over year to $573 million. Robinhood is not a startup hoping its chain will subsidize losses. It is a profitable company with a stock trading above $100 that can afford to invest in chain infrastructure without needing the chain itself to be immediately profitable.
The gas subsidy question The single most important variable in Robinhood Chain’s near-term trajectory is the 90-day gas fee subsidy that covers all transaction costs through the Robinhood Wallet. The promotional period, which began at mainnet launch on July 1, runs through approximately Sept. 29, 2026.
In mid-August, Robinhood reduced the subsidy threshold from $5 per transaction to $0.50, a 90 percent cut that suggests the company is already tapering the benefit rather than cutting it off all at once. The move signals a gradual transition rather than a cliff.
But the subsidy has clearly inflated activity metrics. When transactions cost nothing, the friction that normally separates casual browsing from actual trading disappears. The 16,000 new tokens created daily at peak memecoin activity in July were possible in part because launching a token was free. The 5.5 million daily transactions on Aug. 25 included activity that would not have occurred at even minimal gas costs.
The precedent from other chains is mixed. Base launched with heavily subsidized gas and retained strong activity after costs normalized, in part because Coinbase’s distribution kept funneling users to the network. Blast, by contrast, saw activity crater after its incentive programs wound down. The question for Robinhood Chain is whether the brokerage’s 27 million accounts provide a durable demand floor that subsidies merely accelerated, or whether the subsidy itself created demand that will not survive its removal.
There is a middle scenario that the binary framing obscures. Volume could fall significantly from the Aug. 25 peak and still leave Robinhood Chain as a top-ten chain by DEX activity. A 60 percent drop from $945 million would still produce roughly $380 million in daily volume, which would place it ahead of most Layer 2 networks even without subsidies. The relevant question is not whether volume declines after the subsidy ends, because it almost certainly will, but whether the floor is high enough to sustain the ecosystem’s economic model.
The corporate chain land grab Robinhood Chain did not launch into a vacuum. It entered a market where every major financial technology company appears to be building its own chain. Coinbase has Base. Stripe acquired Bridge and is building payment infrastructure on it. Circle launched a new standard for stablecoin interoperability. Robinhood followed with its own Arbitrum-based rollup.
The pattern is clear: consumer fintech companies have concluded that owning the execution layer is more valuable than renting space on someone else’s chain. The economics are straightforward. A chain operator captures sequencer revenue, controls the fee schedule, and can subsidize specific types of activity to drive adoption. A tenant on another chain pays whatever fees the market demands and has no control over the user experience at the infrastructure level.
The comparison to Base is instructive. Base launched in August 2023 and has had three years to build its ecosystem. Its total value locked stands at roughly $5.47 billion as of late August 2026, compared to Robinhood Chain’s roughly $1.4 billion. Base processes more daily transactions on average. But Robinhood Chain closed the gap on several metrics in weeks rather than years, briefly surpassing Base in daily active users and consistently ranking within striking distance on DEX volume.
The difference is maturity versus momentum. Base has accumulated three years of liquidity, developer tooling, and protocol deployments. Robinhood Chain has a brokerage with 27 million accounts and a product, tokenized equities, that no other chain offers at the same scale.
The DEX-to-CEX ratio and what it means Robinhood Chain’s volume spike arrived during a broader structural shift in crypto trading. In July 2026, decentralized exchanges handled spot volume equal to 24.14 percent of centralized exchange volume, the highest ratio since The Block began tracking the metric in 2019. The ratio has roughly tripled in under three years, rising from below 10 percent for most of 2024 to its current level.
The irony is that the shift is being driven in part by centralized companies. Robinhood, a centralized brokerage, is routing volume through a decentralized exchange layer. Coinbase, a centralized exchange, is doing the same through Base. The line between centralized and decentralized finance is blurring in ways that do not fit neatly into the narratives that either side prefers.
For Robinhood specifically, the chain creates a flywheel that its centralized app cannot replicate. Stock Tokens traded on Uniswap generate fees that flow back to the Robinhood Chain ecosystem. Users who start with tokenized equities discover memecoin trading, lending protocols, and leveraged products. The chain becomes a surface area for financial experimentation that a regulated brokerage app cannot legally offer through its primary interface.
This is the strategic logic that the market has largely missed. Robinhood Chain is not a marketing exercise. It is a mechanism for Robinhood to offer products and services that its regulated brokerage cannot provide directly, while still capturing economic value from the activity.
The concentration risk The bull case for Robinhood Chain is compelling, but the data also reveals structural vulnerabilities that the headline volume numbers obscure.
On Aug. 30, a single protocol, Pons, generated 51 percent of the chain’s $874.8 million in daily volume. When one venue does half of all throughput, the chain’s activity metrics become a proxy for that venue’s performance rather than a measure of ecosystem health. If Pons loses momentum, the chain’s volume numbers could drop by half overnight without any change to the underlying infrastructure.
The tokenized equity market, while growing, remains concentrated as well. QQQB, a single Nasdaq-100 tracker, drove the majority of July’s tokenized stock volume. A dozen stocks clear at least $500,000 in daily volume, but the breadth of adoption is still narrow relative to the potential market.
Total value locked tells a similar story. Robinhood Chain’s TVL has surged to $1.4 billion, but this remains roughly one-quarter of Base’s $5.47 billion. The chain’s TVL-to-volume ratio is unusually high, meaning it generates more trading activity per dollar locked than most chains. That can be read as capital efficiency or as evidence that volume is being amplified by zero-cost transactions and speculative turnover rather than deep, sticky liquidity.
Stock Tokens also remain unavailable to U.S. residents, which excludes the majority of Robinhood’s 27 million funded accounts from the chain’s flagship product. The addressable market for tokenized equities is currently limited to users outside the United States, a significant constraint on growth.
The reflexive fee structure on Pons adds another layer of fragility. Eighty percent of the protocol’s fees fund automated token buybacks and burns. By Aug. 29, 29 percent of the original one billion token supply had been retired. That mechanism creates a self-reinforcing loop in rising markets: higher volume generates more fees, which fund more burns, which reduce supply, which pushes prices higher, which attracts more volume. In falling markets, the same loop works in reverse. Volume drops, burns slow, the supply compression narrative weakens, and traders move to the next opportunity. Chains built on reflexive tokenomics tend to experience sharp drawdowns when sentiment shifts.
What Robinhood Chain means for Ethereum Robinhood Chain settles to Ethereum. Every transaction on the chain ultimately posts data to the Ethereum mainnet through blobs. This means that Robinhood Chain’s activity, all $47 billion of it, contributes to Ethereum’s security budget and reinforces the network’s role as a settlement layer.
For Ethereum, the emergence of corporate-backed Layer 2 networks is a double-edged development. On one side, chains like Robinhood and Base bring millions of users into the Ethereum ecosystem who would never interact with the mainnet directly. They generate blob fees, consume blockspace, and create economic gravity around ETH as a gas token.
On the other side, these chains capture most of the value at the execution layer. Robinhood keeps the bulk of sequencer revenue, sharing only 10 percent with the Arbitrum ecosystem. The users on Robinhood Chain may never know or care that Ethereum exists underneath. The settlement layer becomes invisible infrastructure, essential but unrewarded relative to the activity it supports.
This dynamic is already visible in the fee data. Robinhood Chain surpassed both Ethereum and Base in 24-hour application revenue on Aug. 31, recording $2.66 million. The chain built on Ethereum is generating more application-level revenue than Ethereum itself on certain days.
The tension between Layer 2 growth and Layer 1 value capture is not unique to Robinhood Chain, but the scale makes it unusually visible. Ethereum’s blob fee revenue from all Layer 2 networks remains a small fraction of what those networks generate in sequencer revenue. The argument that Layer 2 activity is inherently good for Ethereum depends on the assumption that demand for blob space will eventually drive meaningful fee revenue back to the mainnet. At current utilization levels, that assumption remains unproven. Robinhood Chain’s success makes the question more urgent without answering it.
The September test The gas subsidy expires at the end of September. Between now and then, several developments will clarify whether Robinhood Chain’s trajectory is sustainable.
Arcus is expanding its leveraged product suite, adding new pToken pairs and increasing collateral types. If leveraged trading generates durable volume independent of the gas subsidy, it would suggest that the chain has found a product-market fit that goes beyond free transactions.
The DTCC is scheduled to launch tokenized securities infrastructure in October, which could either validate or undermine Robinhood’s first-mover advantage in tokenized equities. If institutional players enter the market with competing infrastructure, the value proposition of Stock Tokens may shift.
And Robinhood itself will face a decision about whether to extend, modify, or eliminate the gas subsidy. The company’s financial position gives it the flexibility to continue subsidizing transactions if it believes the long-term economics justify the cost. With $573 million in quarterly net income, a few million dollars in gas subsidies is a rounding error on the income statement.
What to watch Daily DEX volume after the gas subsidy expires on Sept. 29: a drop below $200 million would signal that free transactions, not organic demand, drove the majority of activity. Tokenized equity volume breadth: whether trading expands beyond QQQB and a handful of large-cap stocks to include a wider range of securities and index products. Protocol diversity: whether the chain develops multiple high-volume venues or remains dependent on one or two protocols for the majority of throughput. U.S. regulatory clarity on Stock Tokens: any indication that tokenized equities could become available to U.S. residents would dramatically expand the addressable market. TVL retention through Q4 2026: whether the $1.4 billion in locked value stays on the chain as incentives taper or migrates to competing networks. What is Robinhood Chain? Robinhood Chain is an Ethereum Layer 2 blockchain built on Arbitrum Orbit technology. It launched its public mainnet on July 1, 2026, and uses ETH as its native gas token. The chain settles directly to Ethereum and features 100-millisecond block times. Its flagship products include tokenized Stock Tokens, decentralized exchange trading through Uniswap, and lending through protocols like Morpho.
How much DEX volume does Robinhood Chain process? On Aug. 25, 2026, Robinhood Chain recorded roughly $945 million in daily decentralized exchange volume, a new all-time high. The chain has processed more than $47 billion in cumulative DEX volume since launching on July 1. Its 30-day volume of approximately $15 billion places it fifth among all blockchain networks, behind Solana, BNB Chain, Ethereum, and Base.
What are Stock Tokens on Robinhood Chain? Stock Tokens are ERC-20 tokens that track the price of publicly traded equities like NVIDIA, Apple, GameStop, and SpaceX. They give holders economic exposure to the underlying stock rather than legal ownership of shares. Stock Tokens trade around the clock in more than 120 countries through decentralized exchanges like Uniswap on Robinhood Chain. They are currently unavailable to U.S. residents.
Is there a Robinhood Chain token? No. Robinhood has not issued a native governance or utility token for Robinhood Chain. The network uses ETH for gas fees. While several community-created tokens like CASHCAT and PONS trade on the chain, none of these are officially affiliated with Robinhood.
How does Robinhood Chain compare to Base? Base, built by Coinbase, launched in August 2023 and has roughly $5.47 billion in total value locked compared to Robinhood Chain’s $1.4 billion. Base processes more daily transactions on average and has a more mature ecosystem of developer tools and protocols. However, Robinhood Chain closed the gap on several metrics within weeks, briefly surpassing Base in daily active users and ranking within striking distance on daily DEX volume.
What is the gas subsidy on Robinhood Chain? Robinhood covers transaction fees for users trading through the Robinhood Wallet on Robinhood Chain. This 90-day promotional period began at mainnet launch on July 1 and runs through approximately Sept. 29, 2026. In mid-August, Robinhood reduced the subsidy threshold from $5 to $0.50 per transaction, signaling a gradual taper rather than an abrupt cutoff.
Who can use Robinhood Chain? Robinhood Chain is a permissionless Ethereum Layer 2, meaning anyone with a compatible wallet can interact with it. However, the tokenized Stock Tokens product is available in more than 120 countries but is not available to U.S. residents. Other DeFi products on the chain, including decentralized exchange trading and lending, are accessible to users globally through wallets like Robinhood Wallet, MetaMask, and others.
How does Robinhood make money from the chain? Robinhood captures sequencer revenue from transactions processed on the chain. Under the Arbitrum Expansion Program, 8 percent of chain revenue goes to a treasury controlled by Arbitrum governance token holders and 2 percent funds a developer guild. Robinhood retains the remaining 90 percent. In July 2026, the chain generated roughly $3.6 million in transaction fees, making it the top revenue-producing Layer 2 in the Ethereum ecosystem.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions. Information is accurate as of Aug. 31, 2026.
Na Robinhood Chain se po spuštění Uniswap v4 rozjíždějí hook strategie pro tokenizované akcie. Objem obchodů s nimi na Uniswapu už přesáhl 1 miliardu USD.
Barely two months after Robinhood Chain went live, a new class of DeFi strategies is emerging around Uniswap v4’s hook system, and the target market isn’t memecoins or stablecoins. It’s tokenized versions of Apple, Nvidia, and other blue-chip equities trading as ERC-20 tokens around the clock.
The Ethereum-compatible Layer 2 network launched on July 1, and Uniswap deployed its full protocol suite, including v2, v3, v4, and UniswapX, on the same day. Since then, cumulative trading volume for tokenized stocks on Uniswap has surpassed $1 billion, with daily peaks crossing $130 million shortly after launch.
How v4 hooks are reshaping liquidity provision Uniswap v4 introduced a feature called “hooks,” which are essentially programmable modules that execute custom logic at key points during a swap. They can adjust fees dynamically, enforce anti-snipe protections, or trigger entirely new behaviors without requiring separate smart contracts or trusted third parties.
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On Robinhood Chain, these hooks have become the foundation for a fresh wave of liquidity strategies. Projects like Uniliquid and Hookify are building tools that leverage hooks to give liquidity providers more control over how their capital is deployed and protected.
A pool trading tokenized AAPL stock, for instance, could increase fees during periods of high volatility or cap the size of trades that execute in the same block as a liquidity deposit, reducing the impact of sandwich attacks. All of this logic runs on-chain, eliminating reliance on off-chain oracles or centralized intermediaries to enforce the rules.
Uniswap’s dominance on Robinhood Chain Uniswap v4 alone accounts for roughly 73% of all DEX liquidity tied to tokenized stocks on Robinhood Chain. When you add in v2, v3, and UniswapX volumes, Uniswap’s total market share climbs to approximately 99%.
Tokenized representations of major US equities like AAPL and NVDA are trading as standard ERC-20 tokens, meaning they can be composed with the rest of the DeFi stack. Users can supply them as liquidity, borrow against them, or bundle them into on-chain index products, all without waiting for the NYSE to open.
The 24/7 equity market is getting real A tokenized equity pool on Uniswap v4 can generate fees at 3 AM on a Sunday, and hooks can adjust those fees based on how thin the order book gets during off-peak hours.
Independent developers, not Robinhood or Uniswap Labs, are the ones building most of these hook-based strategies. The fact that those applications now involve tokenized versions of the world’s most-traded stocks, rather than obscure governance tokens, signals a shift in what DeFi is actually being used for.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Hayden Adams tvrdí, že tokenizované korelované páry mohou posunout AMM do globálních financí. Deset tokenizovaných akciových poolů proti SPY na Uniswapu zpracovalo za prvních 12 dní objem 33 milionů USD od více než 11 000 obchodníků.
Uniswap founder Hayden Adams has argued that correlated tokenized-asset pools could move automated market makers into global finance after 10 stock-SPY pools processed $33 million in 12 days.
Summary
Ten tokenized stock pools against SPY recorded $33 million in volume from over 11,000 traders. Uniswap has processed more than $4.6 trillion since its launch in 2018. Adams says correlated assets can reduce inventory risk and lower market-making costs. U.S. regulators are considering rules for continuous trading and blockchain-based securities records. Uniswap founder Hayden Adams, in an Aug. 18 blog post, said tokenization could change which trading pairs attract liquidity and who supplies the capital behind them.
Adams has spent nine years working in decentralized finance and created Uniswap in 2018. The protocol has operated through smart contracts since its launch and has processed more than $4.6 trillion in cumulative volume, according to his post.
During the same period, decentralized exchanges increased their share of centralized-exchange spot volume from below 1% to more than 20%, Adams said. He attributed part of that expansion to automated market makers opening markets for assets that could not attract professional trading firms.
Correlated pairs could reduce market-making risk Unlike an order-book exchange, an automated market maker lets users place two assets into a shared pool. Traders swap against the pool, prices change according to its programmed rules, and liquidity providers collect part of the trading fees.
Adams said AMMs first found demand among small and less-traded tokens because issuers and early holders could create a pool without hiring a professional market maker. Stablecoin pools followed because assets such as USDC and USDT usually move closely together, limiting the inventory changes faced by passive liquidity providers.
According to Adams, onchain markets have since organized into clusters without a central party deciding their structure. Ethereum-based tokens commonly trade against ETH, Solana assets trade against SOL, and stablecoins form pools with other stablecoins.
“No one designed that. It emerged organically,” Adams wrote.
His argument rests on the relationship between the two assets in a liquidity pool. When their prices move in similar directions, liquidity providers face less risk from holding both sides of the pair. Adams said lower inventory risk can attract more capital, deepen liquidity, and reduce the performance advantage enjoyed by active trading firms.
Traditional market makers usually hedge price exposure through options or other instruments, which adds costs. Investors who already want to own both assets may not need the same hedge, allowing them to accept lower returns while continuing to provide liquidity, according to Adams.
Tokenized SPY pools create a bridge to individual stocks Tokenized securities can allow stocks and funds to trade directly against each other on a shared blockchain rather than requiring every transaction to settle against dollars.
Using Nvidia as an example, Adams said an NVDA-SPY pool could replace part of the activity normally routed through NVDA-USD. SPY would then connect the stock pool to dollars through a separate SPY-USD market.
Under that model, the individual stock and the index fund would form the correlated pair, while SPY-USD would act as a bridge. Passive liquidity providers could serve pools holding related assets, while professional firms compete in the smaller number of bridge markets that carry concentrated trading volume.
Automatic routing would still let an investor enter or leave a position in dollars. The trade could move through more than one pool in the background without requiring the user to exchange each asset manually.
Adams pointed to 10 tokenized stocks trading against tokenized SPY through Uniswap pools on Robinhood Chain. During their first 12 days, the pools handled $33 million in volume from more than 11,000 traders, with part of the activity occurring while U.S. stock exchanges were closed.
Some transactions moved directly from one tokenized stock to another without using dollars, he added. Adams presented the activity as an early example of related assets forming direct markets once they share the same settlement network.
More unusual pools have also appeared. According to his post, some memecoins have been paired with stocks linked by a common theme, including Elon Musk-themed tokens against Tesla and hot dog-themed tokens against Costco. Adams cautioned that the price correlation in such pools remains uncertain.
Uniswap v4 expands how liquidity pools operate Technical changes to Uniswap could determine whether passive pools can compete in markets that require more complex trading rules.
Uniswap v4 introduced hooks, which allow developers to add custom functions to a pool. Adams cited DualPool, a hook designed to place unused liquidity into lending markets between swaps, as one way to improve returns for liquidity providers.
Permissioned pools provide another route for tokenized assets that must enforce eligibility or transfer controls. Under such a structure, programmed checks can limit who trades a regulated asset while the pool continues to use an AMM for execution.
In July, Uniswap governance expanded its fee system to v4 pools across Ethereum, Arbitrum, Base, BNB Chain, Polygon, OP Mainnet, and Robinhood Chain. As crypto.news previously reported, the change raised daily protocol revenue from about $114,000 to $325,000.
The report found that Uniswap processed $27.6 billion in April 2026 volume and generated an estimated $845 million in annual fees across its versions and networks. Roughly one-sixth of those fees were being captured by the protocol through TokenJar contracts used for UNI purchases and burns.
Adams said correlated pairs represent only one part of the AMM model. Pool design, capital costs, and the ability to handle regulated assets will also affect whether automated liquidity can compete with firms that operate proprietary trading, hedging, and settlement systems.
U.S. rules will determine access to tokenized stocks For American investors, a token that follows a stock price does not always provide direct ownership of the underlying share. The U.S. Securities and Exchange Commission said in January that tokenized securities can be issued by the company itself or created by an unrelated third party, with different legal structures attached to each model.
Issuer-backed tokens may update the company’s official shareholder record when the blockchain asset moves. A third-party token could instead provide an indirect claim, a custodial interest, or economic exposure that does not make its holder a registered shareholder.
The distinction affects voting rights, dividends, corporate actions, and claims during insolvency. In August, the SEC began preparing a limited route for 24/7 tokenized trading, although the commission has not finalized eligibility standards or an implementation date.
Nasdaq received SEC approval in March 2026 for a pilot covering eligible Russell 1000 shares and major index-linked exchange-traded funds. Under its approved structure, the tokenized and conventional forms carry the same rights and pricing within the national market system.
Ownership infrastructure remains another part of the U.S. regulatory work. In September, the SEC proposed a transfer-agent rule overhaul covering digital records, cybersecurity, business continuity, and the protection of investor assets.
Transfer agents maintain the official list of security owners and process changes involving dividends, stock splits, and other corporate actions. The SEC said firms are developing blockchain-based ownership systems, tokenized fund services and smart-contract processes, but described its proposal as technology-neutral.
Traditional market operators are also building systems for onchain securities. Intercontinental Exchange agreed in August to invest in tZERO and use its blockchain patents while developing an NYSE-affiliated platform. The ICE-tZERO partnership covers digital transfer-agent and broker-dealer infrastructure for issuing, trading, and settling public securities onchain.
ICE and tZERO did not disclose the investment amount, tZERO’s valuation, or a launch schedule. The proposed platform still requires regulatory approvals before it can offer continuous trading and blockchain settlement.
Vaxcyte jmenovala Luise Jodara do funkce chief medical officer a Davida McAvoye do funkce chief legal officer. Topline data z fáze 3 studie OPUS-1 pro VAX-31 očekává do konce října 2026.
Luis Jodar, Ph.D., Former Pfizer Chief Medical Officer for Vaccines and Infectious Diseases with Extensive Leadership Experience Across Clinical Development and Medical Affairs for Pneumococcal Conjugate Vaccines Prevnar 13 and Prevnar 20, Joins Vaxcyte as Chief Medical Officer
David McAvoy, J.D., Former Teva Chief Legal Officer, Joins Vaxcyte as Chief Legal Officer
Topline Safety, Tolerability and Immunogenicity Data from VAX-31 Adult Phase 3 OPUS-1 Pivotal Trial Expected by End of October 2026
SAN CARLOS, Calif., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Vaxcyte, Inc. (Nasdaq: PCVX), a clinical-stage vaccine innovation company, today announced the appointments of experienced industry leaders Luis Jodar, Ph.D. as Chief Medical Officer and David McAvoy, J.D. as Chief Legal Officer. The Company also announced that topline safety, tolerability and immunogenicity data from the VAX-31 adult Phase 3 OPUS-1 trial are now expected by the end of October, narrowing its previously communicated guidance of disclosing topline trial data in the fourth quarter of this year.
“Luis and David join Vaxcyte at a pivotal time for the Company,” said Grant Pickering, Chief Executive Officer and Co-founder of Vaxcyte. “Luis is one of the world’s foremost authorities on pneumococcal conjugate vaccines (PCVs), with nearly 20 years at Pfizer helping to lead the clinical development and medical affairs work behind the company’s foundational PCV franchise. He takes the helm of our clinical and medical organizations as we approach the OPUS-1 topline readout, now expected by the end of October, and prepare for the planned Biologics License Application (BLA) submission and potential launch. David has led legal organizations across the biopharmaceutical industry and spent decades counseling organizations through drug development, approval and commercialization. These appointments deepen the leadership bench we are building to carry VAX-31 through to potential commercialization.”
About Luis Jodar, Ph.D.
Dr. Luis Jodar has more than 30 years of experience in vaccine development and launch across industry, international health organizations and academia. He spent 17 years at Pfizer Inc., most recently as Senior Vice President and Chief Medical Officer for Vaccines and Infectious Diseases, leading global medical and scientific functions and serving as a senior decision-maker in clinical development and regulatory strategy for programs including Prevnar 13®, Prevnar 20®, Abrysvo®, Comirnaty® and Paxlovid®. Earlier, he helped lead the Meningitis Vaccine Project at the World Health Organization, which resulted in MenAfriVac®, now having reached over 400 million people across sub-Saharan Africa, and served as Deputy Director General of the International Vaccine Institute in Seoul. He holds a Ph.D. and a Doctor of Pharmacy from the Universidad Complutense de Madrid and completed postdoctoral research in Japan. Dr. Jodar has authored approximately 200 publications and served as the industry representative on the U.S. Food and Drug Administration’s (FDA) Vaccines and Related Biological Products Advisory Committee.
About David McAvoy, J.D.
Mr. McAvoy brings more than three decades of legal leadership in the biopharmaceutical industry to Vaxcyte. He joins the Company from Teva Pharmaceutical Industries Ltd., where he served as Executive Vice President and Chief Legal Officer, leading a 235-person legal, compliance and government affairs organization. Previously, he served as General Counsel and Chief Compliance Officer of Brickell Biotech, Inc., which he helped take public, and as General Counsel of Endocyte, Inc. through its $2.1 billion acquisition by Novartis AG leading to the successful launch of Pluvicto®. Earlier, Mr. McAvoy spent 27 years at Eli Lilly and Company in senior legal roles, including General Counsel, International and FDA Senior Counsel, supporting the development, approval and launch of medicines across six therapeutic areas, among them Prozac® and Cialis®. He holds a Juris Doctor from the Indiana University Maurer School of Law, a Master of Science from the Indiana University School of Public and Environmental Affairs and a Bachelor of Arts from the University of Notre Dame.
About the VAX-31 Adult Phase 3 OPUS Program
The VAX-31 adult Phase 3 program comprises three fully enrolled clinical trials, OPUS-1, OPUS-2 and OPUS-3, with 6,191 adults dosed in total, approximately 3,500 of whom received VAX-31. These studies, which were finalized in consultation and alignment with the FDA, are designed to generate a broad and robust safety, tolerability and immunogenicity dataset to support potential licensure for the prevention of invasive pneumococcal disease and pneumonia.
Anticipated OPUS Program milestones include:
Announce topline safety, tolerability and immunogenicity data from the OPUS-1 Phase 3 pivotal, noninferiority trial by the end of October 2026.Announce safety, tolerability and immunogenicity data from the OPUS-2 and OPUS-3 Phase 3 trials in the first half of 2027.
About Vaxcyte
Vaxcyte is a vaccine innovation company engineering high-fidelity vaccines to protect humankind from the consequences of bacterial diseases. VAX-31, a 31-valent PCV candidate being evaluated in the OPUS Phase 3 adult clinical program and in a Phase 2 infant clinical program, is being developed for the prevention of invasive pneumococcal disease (IPD) and is the broadest-spectrum PCV candidate in the clinic today. VAX-24, a 24-valent PCV candidate, has generated positive Phase 2 clinical results in both adults and infants and is designed to cover more serotypes than any PCV on-market. VAX-31 and VAX-24 are designed to improve upon standard-of-care PCVs by covering the serotypes in circulation that cause a significant portion of IPD and are associated with high case-fatality rates, antibiotic resistance and meningitis, while maintaining coverage of previously circulating strains. VAX-XL, in earlier-stage development, also leverages the Company’s carrier-sparing, site-specific conjugation technology with the aim of further expanding coverage to deliver the broadest-spectrum candidate in the Company’s PCV franchise.
VAX-A1 is a prophylactic vaccine candidate designed to provide broad, strain-independent protection against disease caused by Group A Strep and is currently being evaluated in a Phase 1 clinical study in adults. Group A Strep remains a significant global cause of morbidity and mortality across both adult and pediatric populations and is a leading driver of antibiotic use, underscoring the substantial public health burden.
Vaxcyte is re-engineering the way highly complex vaccines are made through XpressCF®, its cell-free protein synthesis platform exclusively licensed from Sutro Biopharma, Inc. Unlike conventional cell-based approaches, the Company’s system for producing difficult-to-make proteins and antigens is intended to develop and deliver high-fidelity vaccines with enhanced immunological benefits. Vaxcyte’s pipeline also includes VAX-GI, a vaccine candidate designed to prevent Shigella. For more information, visit www.vaxcyte.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements related to the potential benefits of Vaxcyte’s carrier-sparing platform and vaccine candidates, including breadth of coverage, the ability to deliver potentially best-in-class vaccines and improve upon the standard-of-care; the design, timing of initiation, progress and expected results of Vaxcyte’s clinical trials and regulatory plans, including the expected timing of the topline data readout from the OPUS-1 Phase 3 trial; the Company’s planned BLA submission for VAX-31; the anticipated contributions of the Company’s executive appointments; the future commercialization of Vaxcyte’s PCV programs; and other statements that are not historical fact. The words “anticipate,” “believe,” “could,” “expect,” “intend,” “plan,” “may,” “on track,” “potential,” “should,” “would” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) convey uncertainty of future events or outcomes and are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are based on Vaxcyte’s current expectations and actual results and timing of events could differ materially from those anticipated in such forward-looking statements as a result of risks and uncertainties, including, without limitation, risks related to Vaxcyte’s product development programs, including development timelines, success and timing of chemistry, manufacturing and controls and related manufacturing activities, potential delays or inability to obtain and maintain required regulatory approvals for its vaccine candidates, and the risks and uncertainties inherent with preclinical and clinical development processes; the success, cost and timing of all development activities and clinical trials; and sufficiency of cash and other funding to support Vaxcyte’s development programs and other operating expenses. These and other risks are described more fully in Vaxcyte’s filings with the Securities and Exchange Commission (SEC), including its Quarterly Report on Form 10-Q filed with the SEC on August 5, 2026 or in other documents Vaxcyte subsequently files with or furnishes to the SEC. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date, and readers should not rely upon the information in this press release as current or accurate after its publication date. Vaxcyte undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations. Readers should not rely upon the information in this press release as current or accurate after its publication date.
Contacts:
Patrick Ryan, Executive Director, Corporate Affairs
Vaxcyte, Inc.
415-606-5135 [email protected]
Jeff Macdonald, Executive Director, Investor Relations
Vaxcyte, Inc.
917-371-0940 [email protected]
Ondo po roce od spuštění Ondo Stocks vede trh tokenizovaných akcií. Celý segment od té doby narostl téměř 23× z asi 100 milionů USD na téměř 3 miliardy USD.
A Year That Redefined Tokenized Equities@Ondo is marking the first anniversary of Ondo Stocks, the protocol it launched in September 2025 to give non-US investors around-the-clock access to US equities on-chain. Twelve months on, the platform has moved well beyond proof-of-concept territory and established itself as the dominant force in a market that barely existed a year ago.
According to Crypto Briefing, The protocol built institutional-grade settlement rails across @Solana, @Ethereum, and @BNBChain, enabling continuous equity exposure outside traditional market hours.
From $100M Market to Nearly $3BThe broader tokenized stock market has expanded sharply since Ondo entered it. The original copy notes the market has grown nearly 23x, from around $100M to close to $3B, as institutional and retail demand for on-chain equity exposure accelerates.
Ondo has led that charge.
The first $1B milestone arrived in May 2026.
Regulatory progress has accompanied the growth. using BlackRock's IVV ETF and Micron shares as the initial securities.
The wider RWA landscape is expanding in parallel. suggesting that on-chain equities are becoming the primary entry point for new participants in the asset class. With Ondo holding the category lead on TVL, volume, and market share, its first anniversary arrives at a moment when the infrastructure it built is starting to look less like a niche experiment and more like a foundational layer for global equity access.
Sources:
Crypto Briefing: Ondo Finance leads tokenized stock market with 34% share
CoinDesk: Ondo Finance debuts SEC-aligned tokenized stock model
CEX.IO: 3 in 4 New RWA Wallets in 2026 Belong to Tokenized Stocks
Solana v srpnu vykázala přes 144 mil. USD příjmů z aplikací, což byl nejvyšší výsledek mezi všemi řetězci a 38% podíl na trhu. Zároveň dál vedla i ve spot DEX objemu.
Rumors of Solana’s death have been greatly exaggerated. While the critics and detractors declare Solana to be in its “most perilous place” ever, the network remains the most productive and fertile ground for applications across the industry.
Meanwhile, new data suggests that while Robinhood Chain is witnessing a tremendous influx of traders and capital, the vast majority of users are coming from crypto-native platforms.
Solana Leads All Chains in Monthly App Revenue The multichain economy is exploding, with blistering memecoin runs on networks like Robinhood and BNB Chain attracting traders and capital in waves reminiscent of previous onchain bull cycles.
Driven by the surging popularity of meme/stock token pairings, Robinhood and BNB Chain are seeing coins run to incredible valuations in a matter of weeks. But while coins are running to $300M on rival chains, Solana’s memecoin trenches are looking decidedly barren, with similar meme/stock pairs struggling to enjoy the same success.
Solana’s declining volume share in tokenized equities has only fuelled criticism and dismissal from its detractors. Critics argue that Solana is now in a “perilous place”, with rival chains proving more popular among memecoin and perpetual futures traders.
But contrary to the doubts expressed on social media, onchain data suggests that Solana remains crypto’s most productive network for building blockchain-based businesses.
According to DefiLlama data, Solana recorded over $144M in app revenue throughout August, leading all chains and constituting 38% market share across all chains.
Outside the application revenue, Solana maintained its industry-wide lead on spot DEX volume and continues to surpass rival chains like Ethereum, BNB, and Robinhood on network REV.
How Much of Robinhood’s Growth is New Users? While Robinhood Chain’s parabolic rise is breathing new life and optimism into the onchain economy, new data suggests that the surge of activity may not be as retail-driven as previously thought.
Blockworks data suggests that only 2% of all activity on the flourishing network comes from the Robinhood Wallet, implying that most of the network’s traders are still coming from a crypto native background.
Around 73% of all activity is being driven by cross-chain terminals and aggregators, which could include retail-first platforms like fomo and the pump app.
At the same time, it’s starting to appear as though Robinhood Chain is suffering from its own success. The Ethereum Layer-2 is buckling under the demand for blockspace, with transaction fees spiking across the network due to strong demand for blockspace.
With network fees coming in around 128x more expensive than Solana, Blockworks Research analyst 0xcarlosg argues that the network risks pricing out the users driving its meteoric growth.
For its part, Solana has already suffered these trials. Historic network events, like the launch of the $TRUMP memecoin in January 2025 served as excellent proof of the chain’s resiliency under unprecedented load. Recent performance improvements, like raised block limits and slot time reductions have only boosted Solana’s capacity for scale, ensuring the chain is best-equipped to onboard capital markets at global scale.
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Robinhood Chain vybrala 2. září na poplatcích za plyn 4,45 milionu USD, což je 82× více než 22. srpna. Růst pohání aktivita memecoinů a Robinhood do 29. září hradí poplatky v aplikaci za uživatele.
Users paid $4.45 million to transact on the network on Sept. 2, more than Ethereum, Solana and Tron combined, after the base fee rose 23 times off its 0.02 gwei floor. Robinhood absorbs the cost inside its own wallet app until Sept. 29.
Robinhood Chain collected more in gas fees over the past 24 hours than any other blockchain, after memecoin launch activity pushed the two-month-old network's base fee far above the minimum price its contracts allow.
Almost all of the increase is price. Transactions on the chain rose about 36% over the same stretch, while the execution gas on an average transaction went from under a cent to about 32 cents. Robinhood pays the fee for customers swapping inside its wallet app under an offer that expires on Sept. 29.
Users paid $4.45 million in gas on Sept. 2, up 18.8% from the prior day and 82 times the $54,254 paid on Aug. 22, according to DefiLlama, which counts gas fees paid by users covering both Robinhood Chain execution and the Ethereum data component. Canton ranked second that day at $1.69 million, followed by Tron at $873,930, Solana at $612,579, BNB Chain at $480,271 and Ethereum at $304,277. The chain has taken $12.44 million over seven days, two-thirds of the $18.45 million it has earned since mainnet launched on July 1.
Off The 0.02 Gwei FloorRobinhood Chain enforces a minimum gas price of 20 million wei, or 0.02 gwei, readable from the ArbGasInfo precompile at address 0x6c and the same default Arbitrum One runs. The base fee held at that floor on a median basis from Aug. 17 through Aug. 23, according to blocks sampled directly from the chain's public RPC endpoint. It has been above it every day since Aug. 24.
Over the 24 hours to 16:27 UTC on Sept. 3, the median base fee across 600 sampled blocks was 0.467 gwei, 23 times the floor, with intraday readings above 5 gwei. Arbitrum One was at 0.02 gwei at the same moment and Base at 0.005 gwei.
Measured onchainAug. 21-22Sept. 2-3Median base fee0.0201 gwei0.467 gweiGas consumed per second13.2 million36.9 millionTransactions per block9.9613.97Gas per transaction132,766272,229Execution gas cost per transactionunder $0.01$0.32At the intraday peaks, a transaction of that size costs roughly $3.40. DefiLlama's 82-fold increase runs ahead of the 47-fold rise in execution cost because its series also prices the Ethereum data component and priority tips, which the per-transaction calculation above excludes.
Gas Burn Nearly TriplesRobinhood Chain consumed an average of 36.9 million gas per second over the past 24 hours, against 13.2 million on Aug. 21 and 22. Blocks carried an average of 13.97 transactions against 9.96, and each transaction used 105% more gas.
Arbitrum Nitro tracks a gas backlog against several targets measured over windows from nine seconds to a full day, per Arbitrum's documentation. When the backlog grows the base fee rises exponentially to discourage usage, and falls as the backlog clears. The base fee has risen on nine of the past 10 days.
Robinhood Pays Until Sept. 29Customers swapping inside the Robinhood Wallet app are paying none of this. Robinhood covers network fees on crypto and stock token swaps on Robinhood Chain, plus one-time ERC-20 approval fees, for swaps greater than $0.50, with "no additional caps, limits, or frequency restrictions," according to Robinhood's support page for the offer.
The offer period runs "beginning at launch of Robinhood Chain to 11:59 PM EST September 29, 2026." Wallet-to-wallet transfers, bridge transactions and anything executed through the dapp browser are excluded, as are third-party wallets. Robinhood reserves the right to change or end the offer without notice.
That leaves traders using Pons, GMGN or Uniswap directly paying the current rate, and Robinhood Wallet users facing it in 26 days unless the offer is extended.
Pons Sets The LoadPons V2, the launchpad that exists only on Robinhood Chain, took $6.09 million in fees over the past 24 hours and $26.33 million over seven days, DefiLlama data shows. Uniswap V4 on the chain collected $6.65 million, trading bot GMGN $2.65 million and Uniswap V3 $870,480.
PONS traded at $0.5827 on Thursday, up 42.9% over 24 hours, 388.2% over seven days and 2,727.3% over 30 days, for a market capitalization of $413.8 million and a rank of 117, according to CoinGecko. The token set an all-time high of $0.6011 at 17:19 UTC on Sept. 3 and turned over $126.7 million in the past day.
DEX volume on the chain was $1.55 billion over 24 hours, down 7% from the prior day and up 88.1% over seven days. Total value locked stands at $819.6 million.
Gas Takes A QuarterGas has gone from a rounding difference against those application fees to a quarter of everything paid on the chain. Fees across Robinhood Chain and every protocol deployed on it totaled $19.12 million on Sept. 2, of which gas was 23.3%. On Aug. 22 it was 2.5%.
No other large network prices its own capacity that high.
Chain, Sept. 2All fees paidChain gas feesGas shareRobinhood Chain$19.12 million$4.45 million23.3%BNB Chain$2.89 million$480,27116.6%Solana$10.54 million$612,5795.8%Base$1.86 million$97,5835.3%Arbitrum One$268,976$13,8575.2%Ethereum$9.34 million$304,2773.3%Application fees scale with the value being traded and gas with the compute the chain can supply. Volume has kept climbing; capacity has not.
Six Of Eight SignersBringing fees down by raising the chain's throughput is not Robinhood's decision alone. Robinhood Chain's parameters sit with a Security Council of eight signers — two held by Robinhood and one each by BitGo, Chainlink Labs, Fireblocks Trust Company, Offchain Labs, Paxos and Talos — where routine changes need six of eight approvals and a seven-day onchain timelock, according to the chain's governance documentation. Emergency actions skip the timelock and need seven of eight.
Arbitrum's Cut GrowsRobinhood kept $4.01 million of Sept. 2's gas fees after Ethereum data costs and the 10% fee share owed under the Arbitrum Expansion Program license, DefiLlama's accounting shows. The gap between the two figures is almost exactly 10%, leaving Ethereum data costs at close to nothing for the day.
That share splits 8% to the Arbitrum DAO treasury and 2% to development funding, putting roughly $356,000 a day into the DAO at Sept. 2 rates against about $4,300 on Aug. 22. ARB traded at $0.1381, up 10.6% over 24 hours and 44.2% over seven days, according to CoinGecko.
Robinhood Chain passed Ethereum on daily application revenue in late August and ranked second among all chains by DEX volume at the start of September. It overtook Base on daily active users three weeks after launch.
Asana po slabém výhledu na 3. čtvrtletí v prodlouženém obchodování klesla o 12,78 %. Tržby za 2. čtvrtletí i upravený zisk na akcii přitom překonaly odhady.
Asana Inc (NYSE:ASAN) shares are falling in extended trading Thursday after the company reported second-quarter results and issued soft third-quarter guidance.
• Asana shares are sliding. What’s behind the ASAN decline?
Asana Q2 HighlightsAsana reported second-quarter revenue of $216.43 million, beating analyst estimates of $214.12 million, according to Benzinga Pro. The company reported adjusted earnings of 10 cents per share, beating estimates of nine cents per share.
“Our core business continues to strengthen, with improving retention, accelerating growth in our upmarket motion and broad-based momentum across industries and geographies,” said Dan Rogers, CEO of Asana.
Asana guided for third-quarter revenue of $217 million to $219 million versus estimates of $218.16 million, and adjusted earnings of eight cents per share versus estimates of nine cents per share.
Asana raised its full-year revenue guidance to a range of $858.5 million to $863.5 million versus estimates of $860.90 million. The company reaffirmed its full-year adjusted earnings outlook of 37 cents per share, in line with estimates.
ASAN Shares Fall After HoursASAN Price Action: Asana shares were down 12.78% in after-hours, trading at $8.80 at the time of publication Thursday, according to Benzinga Pro.
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Q1 Net Sales of $112.6 MillionQ1 Gross Margin of 28.7%Q1 EPS of $0.06/ShareMaryville, Tennessee--(Newsfile Corp. - September 3, 2026) - Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI), a U.S.-based leader in firearm manufacturing and design, today announced financial results for the first quarter of fiscal 2027, ended July 31, 2026.
Financial Highlights
Net sales were $112.6 million, an increase of $27.5 million, or 32.3%, from the comparable quarter last year.
Gross margin was 28.7% compared with 25.9% in the comparable quarter last year. During the first quarter of fiscal 2027, we received $2.9 million in tariff refunds. These refunds favorably impacted gross margin by approximately 260 basis points and represented a non-recurring benefit.
GAAP net income was $2.6 million, or $0.06 per diluted share, compared with a net loss of $3.4 million, or $0.08 per diluted share, for the comparable quarter last year.
Non-GAAP net income was $2.6 million, or $0.06 per diluted share, compared with a net loss of $3.4 million, or $0.08 per diluted share, for the comparable quarter last year. GAAP to non-GAAP adjustments for income exclude costs related to the relocation. For a detailed reconciliation, see the schedules that follow in this release.
Non-GAAP Adjusted EBITDAS was $13.8 million, or 12.2% of net sales, compared with $7.4 million, or 8.7% of net sales, for the comparable quarter last year.
Mark Smith, President and Chief Executive Officer, commented, "We are off to an excellent start to fiscal 2027. Continued solid demand for our products in both the consumer and professional channels in the first quarter were a direct result of our purposeful focus on innovation, the strength of our industry partnerships, operational execution, and the power of the iconic Smith & Wesson brand. We delivered significant year-over-year increases in all key financial metrics, including 32% growth in net sales and an increase in earnings per share to $0.06 from a loss of $0.08 last year. This continues to be a story about brand strength paired with a purposeful long-term strategy. With this momentum, we expect our second quarter to significantly outperform last year on both the top and bottom lines."
Deana McPherson, Executive Vice President and Chief Financial Officer, commented, "We continue to expect a normal seasonal environment and strong demand for our products, resulting in anticipated sales for the second quarter of roughly 10% above last year. For the full year, we continue to expect that our fiscal 2027 revenue will grow approximately 5-7% over fiscal 2026. Consistent with our capital allocation strategy, our board of directors has authorized a $0.13 per share quarterly dividend, which will be paid to stockholders of record on September 17, 2026, with payment to be made on October 1, 2026."
Conference Call and Webcast
The company will host a conference call and webcast on September 3, 2026 to discuss its first quarter fiscal 2027 financial and operational results. Speakers on the conference call will include Mark Smith, President and Chief Executive Officer, and Deana McPherson, Executive Vice President and Chief Financial Officer. The conference call may include forward-looking statements. The conference call and webcast will begin at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). Interested parties in North America are invited to participate by dialing 1-877-704-4453. Interested parties from outside North America are invited to participate by dialing 1-201-389-0920. Participants should dial in at least 10 minutes prior to the start of the call. A live and archived webcast of the event will be available on the company's website at www.smith-wesson.com under the Investor Relations section.
Reconciliation of U.S. GAAP to Non-GAAP Financial Measures
In this press release, certain non-GAAP financial measures, including "non-GAAP gross profit," "non-GAAP gross margin," "non-GAAP operating expenses," "non-GAAP operating income," "non-GAAP net income," "non-GAAP net income per share - diluted," "Adjusted EBITDAS," "Adjusted EBITDAS Margin," and "free cash flow" are presented. We use these non-GAAP financial measures to facilitate a comparison of our operating performance on a consistent basis from period to period that, when viewed in combination with our results prepared in accordance with GAAP, provides a more complete understanding of factors and trends affecting our business than does GAAP measures alone. We believe these financial measures assist our board of directors, management, investors, and other users of the financial statements in comparing our results on a consistent basis from period to period because it removes certain non-cash items and other items that we do not consider to be indicative of our core and/or ongoing operations. We believe it is useful for us and the reader to review, as applicable, both (1) GAAP measures that include (i) interest expense, net, (ii) income tax expense/(benefit), (iii) depreciation and amortization, (iv) stock-based compensation expense, (v) relocation expense, and (vi) the tax effect of non-GAAP adjustments; and (2) the non-GAAP measures that exclude such information. We present these non-GAAP measures because we consider them an important supplemental measure of our performance. Our definition of these adjusted financial measures may differ from similarly named measures used by others. We believe these measures facilitate operating performance comparisons from period to period by eliminating potential differences caused by the existence and timing of certain expense items that would not otherwise be apparent on a GAAP basis. These non-GAAP measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for our GAAP measures. The principal limitations of these measures are that they do not reflect our actual expenses and may thus have the effect of inflating our financial measures on a GAAP basis.
Change in Non-GAAP Financial Measure
Prior to fiscal 2026, our calculation of Adjusted EBITDAS included an adjustment for interest expense. Beginning with the fourth quarter of fiscal 2026 presentation for all periods presented herein, we also included an adjustment for interest income such that Adjusted EBITDAS is fully adjusted for the effect of Interest expense, net as presented on the Consolidated Statements of Income. We believe that adjusting for both interest expense and interest income assists users of the financial statements in understanding the results of our core operations and comparing those results on a consistent basis from period to period.
For the three months ended July 31, 2026, this change resulted in a decrease of $547,000 in the amount of Adjusted EBITDAS compared to the amounts that would have been reported using the previous methodology. For the three months ended July 31 2025, the change also resulted in a decrease of $632,000 in the amount of Adjusted EBITDAS compared to the amounts that were previously reported.
About Smith & Wesson Brands, Inc.
Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI) is a U.S.-based leader in firearm manufacturing and design, delivering a broad portfolio of quality handgun, long gun, and suppressor products to the global consumer and professional markets under the iconic Smith & Wesson® and Gemtech® brands. Additionally, the company provides manufacturing services such as forging and machining to third parties and offers world-class firearm training programs to Law Enforcement/Military departments and civilians at the Smith & Wesson Academy™ in Maryville, TN. For more information, call (844) 363-5386 or visit www.smith-wesson.com.
Safe Harbor Statement
Certain statements contained in this press release may be deemed to be forward-looking statements under federal securities laws, and we intend that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements include, among others, that this continues to be a story about brand strength paired with a purposeful long-term strategy; we expect our second quarter to significantly outperform last year on both the top and bottom lines; we continue to expect a normal seasonal environment and strong demand for our products, resulting in sales for the second quarter roughly 10% above last year; and for the full year, we continue to expect that our fiscal 2027 revenue will grow approximately 5-7% over fiscal 2026. We caution that these statements are qualified by important risks, uncertainties, and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include, among others, economic, social, political, legislative, and regulatory factors; the impact of tariffs; the potential for increased regulation of firearms and firearm-related products; actions of social activists that could have an adverse effect on our business; the impact of lawsuits; the demand for our products; the state of the U.S. economy in general and the firearm industry in particular; general economic conditions and consumer spending patterns; our competitive environment; the supply, availability, and costs of raw materials and components; our anticipated growth and growth opportunities; our strategies; our ability to maintain and enhance brand recognition and reputation; our ability to effectively manage and execute the relocation; our ability to introduce new products and the success of new products; the potential for cancellation of orders from our backlog; and other risks detailed from time to time in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended April 30, 2026.
SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
As of:
July 31, 2026
April 30, 2026
(In thousands, except par value and share data)
ASSETS
Current assets:
Cash and cash equivalents$18,699
$28,190
Marketable securities
6,536
5,162
Accounts receivable, net of allowances for credit losses of $5 on July 31, 2026 and April 30, 2026
29,711
40,014
Inventories
180,661
156,250
Prepaid expenses and other current assets
8,558
7,170
Income tax receivable
3,328
4,617
Total current assets
247,493
241,403
Property, plant, and equipment, net of accumulated depreciation and amortization of $403,821 on July 31, 2026 and $397,668 on April 30, 2026
242,813
238,643
Intangibles, net
1,879
1,956
Goodwill
19,024
19,024
Deferred income taxes
4,347
4,347
Other assets
7,748
7,393
Total assets$523,304
$512,766
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable$37,393
$34,570
Accrued expenses and deferred revenue
17,095
19,146
Accrued payroll and incentives
6,577
15,196
Accrued profit sharing
5,899
5,155
Accrued warranty
1,467
1,300
Total current liabilities
68,431
75,367
Notes and loans payable (Note 3)
39,185
19,121
Finance lease payable, net of current portion
31,676
32,163
Other non-current liabilities
10,310
9,556
Total liabilities
149,602
136,207
Commitments and contingencies (Note 8)
Stockholders' equity:
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares
issued or outstanding
—
—
Common stock, $0.001 par value, 100,000,000 shares authorized,
44,839,680 shares issued and outstanding on July 31,
2026 and 44,605,993 shares issued and outstanding on April 30, 2026
45
45
Additional paid-in capital
3,194
2,776
Retained earnings
370,463
373,738
Total stockholders' equity
373,702
376,559
Total liabilities and stockholders' equity$523,304
$512,766
SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
For the Three Months Ended July 31,
2026
2025
(In thousands, except per share data)
Net sales$112,587
$85,077
Cost of sales
80,317
63,003
Gross profit
32,270
22,074
Operating expenses:
Research and development
2,557
3,007
Selling, marketing, and distribution
10,158
8,752
General and administrative
15,338
13,316
Gain on sale/disposition of assets, net
—
(43)Total operating expenses
28,053
25,032
Operating income/(loss)
4,217
(2,958)Other expense, net:
Other income, net
98
62
Interest expense, net
(298)
(1,205)Total other expense, net
(200)
(1,143)Income/(loss) before income taxes
4,017
(4,101)Income tax expense/(benefit)
1,429
(690)Net income/(loss)$2,588
$(3,411)Net income/(loss) per share:
Basic - net income/(loss)$0.06
$(0.08)Diluted - net income/(loss)$0.06
$(0.08)Weighted average number of common shares outstanding:
Basic
44,778
44,262
Diluted
45,476
44,262
SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
For the Three Months Ended July 31,
2026
2025
(In thousands)
Cash flows from operating activities:
Net income/(loss)$2,588
$(3,411)Adjustments to reconcile net income/(loss) to net cash used in
operating activities:
Depreciation and amortization
7,701
8,436
Gain on sale/disposition of assets
—
(43)Stock-based compensation expense
1,813
1,892
Non-cash sublease income
(461)
(442)Other, net
(77)
(51)Changes in operating assets and liabilities:
Accounts receivable
10,303
14,559
Inventories
(24,411)
(13,257)Prepaid expenses and other current assets
(1,388)
(2,781)Income taxes
1,289
(817)Accounts payable
3,033
(6,429)Accrued payroll and incentives
(8,619)
(1,371)Accrued profit sharing
744
—
Accrued expenses and deferred revenue
(1,988)
(4,092)Accrued warranty
167
(127)Other assets
(294)
23
Other non-current liabilities
754
(199)Net cash used in operating activities
(8,846)
(8,110)Cash flows from investing activities:
Purchases of marketable securities
(1,456)
(3,168)Proceeds from sale of marketable securities
159
—
Payments to acquire patents and software
(11)
(54)Proceeds from sale of property and equipment
—
49
Payments to acquire property and equipment
(11,929)
(4,291)Net cash used in investing activities
(13,237)
(7,464)Cash flows from financing activities:
Proceeds from loans and notes payable
20,000
20,000
Payments on loans and notes payable
—
(5,000)Payments on finance lease obligation
(52)
(46)Dividend distribution
(5,961)
(5,855)Payment of employee withholding tax related to restricted stock units
(1,395)
(792)Net cash provided by financing activities
12,592
8,307
Net decrease in cash and cash equivalents
(9,491)
(7,267)Cash and cash equivalents, beginning of period
28,190
25,231
Cash and cash equivalents, end of period$18,699
$17,964
Supplemental disclosure of cash flow information
Cash paid for:
Interest, net of amounts capitalized$330
$1,288
SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES
(Dollars in thousands, except per share data)
(Unaudited)
For the Three Months Ended
July 31, 2026
July 31, 2025
$
% of Sales
$
% of Sales
GAAP gross profit$32,270
28.7%
$22,074
25.9%
Relocation expenses
—
85
Non-GAAP gross profit$32,270
28.7%
$22,159
26.0%
GAAP operating expenses$28,053
24.9%
$25,032
29.4%
Relocation expenses
—
53
Non-GAAP operating expenses$28,053
24.9%
$25,085
29.5%
GAAP operating income$4,217
3.7%
$(2,958)
-3.5%
Relocation expenses
-
32
Non-GAAP operating income$4,217
3.7%
$(2,926)
-3.4%
GAAP net income$2,588
2.3%
$(3,411)
-4.0%
Relocation expenses
—
32
Tax effect of non-GAAP adjustments
—
(11)
Non-GAAP net income$2,588
2.3%
$(3,390)
-4.0%
GAAP net income per share - diluted$0.06
$(0.08)
Relocation expenses
—
—
Tax effect of non-GAAP adjustments
—
—
Non-GAAP net income per share - diluted$0.06
$(0.08)
SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP NET INCOME/(LOSS) TO NON-GAAP ADJUSTED EBITDAS
(in thousands)
(Unaudited)
For the Three Months Ended
July 31, 2026
July 31, 2025
GAAP net income/(loss)$2,588
$(3,411)Interest expense, net
298
1,205
Income tax expense/(benefit)
1,429
(690)Depreciation and amortization
7,637
8,385
Stock-based compensation expense
1,813
1,892
Relocation expense
—
32
Non-GAAP Adjusted EBITDAS$13,765
$7,413
Non-GAAP Adjusted EBITDAS Margin
12.2%
8.7%
SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
RECONCILIATION OF NET CASH USED IN OPERATING ACTIVITIES TO FREE CASH FLOW
(in thousands)
(Unaudited)
For the Three Months Ended
July 31, 2026
July 31, 2025
Net cash used in operating activities$(8,846) $(8,110)Payments to acquire property and equipment
(11,929)
(4,291)Free cash flow$(20,775) $(12,401)
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312694
Source: Smith & Wesson Brands, Inc
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Oxford Industries snížila výhled na fiskální rok 2026 po slabších výsledcích značky Lilly Pulitzer a tlaku na spotřebitelské prostředí. Ve 2. čtvrtletí tržby klesly na 394 mil. USD, ale upravený zisk na akcii (EPS) vzrostl na 1,34 USD.
ATLANTA, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Oxford Industries, Inc. (NYSE:OXM) today announced financial results for its second quarter of fiscal 2026 ended August 1, 2026.
Consolidated net sales in the second quarter of fiscal 2026 were $394 million compared to $403 million in the second quarter of fiscal 2025. EPS on a GAAP basis was $3.25 compared to $1.12 in the second quarter of fiscal 2025, with the current year period reflecting a $2.07 tariff related refund impact recognized during the quarter. On an adjusted basis, EPS was $1.34 compared to $1.26 in the second quarter of fiscal 2025.
Tom Chubb, Chairman and CEO, commented, “Our second quarter results were in-line with our expectations, highlighted by year-over-year adjusted earnings per share growth and a low-single-digit comparable sales gain at Tommy Bahama. This performance contributed to strong cash flow generation in the first half of the year, which along with tariff refunds received to-date, we used to significantly reduce debt.”
Mr. Chubb concluded, “Tommy Bahama’s positive momentum is being offset by softness in other parts of our portfolio, particularly Lilly Pulitzer which we believe is primarily attributable to addressable product and marketing challenges in a fashion merchandising business. The combination of these internal headwinds and ongoing macro-economic consumer pressure has led us to lower our guidance for fiscal 2026. We have initiated actions to position the business for profitable growth next year, including increasing our promotional activity at Lilly Pulitzer in the coming months to spur demand and prevent the build up of slow moving inventory. We’ve also implemented a broader review across the enterprise to identify opportunities aimed at enhancing our long-term earnings power that is less dependent on historical top-line growth rates.”
Second Quarter of Fiscal 2026 versus Fiscal 2025
Net Sales by Operating GroupSecond Quarter($ in millions)20262025% ChangeTommy Bahama$230.9$229.00.8%Lilly Pulitzer85.290.3(5.6%)Johnny Was41.445.4(8.8%)Emerging Brands37.138.5(3.7%)Other(0.3)(0.1)NMTotal Company$394.4$403.1(2.2%) Consolidated net sales were $394 million compared to $403 million in the second quarter of fiscal 2025. Full-price direct-to-consumer (DTC) sales decreased 1% to $289 million versus the second quarter of fiscal 2025. Full-price retail sales of $139 million were 2% lower than the prior-year period.E-commerce sales of $150 million were comparable to the prior-year period. Food and beverage sales of $32 million were 11% higher than the prior-year period driven primarily by new locations opened in fiscal 2025. Comparable store sales were flat.Outlet sales of $20 million were comparable to the prior-year period.Wholesale sales of $52 million were 14% lower than the second quarter of fiscal 2025 driven primarily by lower off-price sales. Gross margin was 73.8%, compared to 61.4% in the second quarter of fiscal 2025. The increased gross margin was primarily due to (1) the favorable impact of recognizing $42 million of tariff refund claims as a reduction of cost of goods sold, (2) updated assortment, sourcing and pricing strategies resulting in higher initial mark-ups, (3) a change in sales mix with off-price wholesale sales representing a lower proportion of net sales and (4) a $1 million lower LIFO accounting charge in the second quarter of fiscal 2026 compared to the second quarter of fiscal 2025. These factors were partially offset by a change in sales mix with a higher proportion of net sales occurring during promotional events at Tommy Bahama, Lilly Pulitzer and Emerging Brands. On an adjusted basis, which excludes the impact of tariff refunds and LIFO accounting, gross margin was 63.1% compared to 61.7% in the second quarter of fiscal 2025.SG&A was $212 million compared to $209 million, impacted primarily by costs related to new brick and mortar retail locations and food and beverage locations, increases in software and consulting costs and costs associated with the transition of our Lyons, Georgia distribution center operations. On an adjusted basis, SG&A was $210 million compared to $209 million in the prior-year period.Royalties and other operating income increased to $7 million from $3 million in the second quarter of fiscal 2025 primarily reflecting the normalization of sales by our licensing partners that were impacted by the implementation of tariffs in Fiscal 2025 and $1 million of interest received related to tariff refunds.Operating income on a GAAP basis was $69 million, or 17.4% of net sales, compared to $25 million, or 6.3% of net sales, in the second quarter of fiscal 2025. On an adjusted basis, operating income was $29 million, or 7.4% of net sales, compared to $28 million, or 7.0% of net sales, in the second quarter of fiscal 2025.Interest expense of $1 million in the second quarter of fiscal 2026 was comparable to the second quarter of fiscal 2025.For both the second quarter of fiscal 2026 and second quarter of fiscal 2025, our effective tax rate of 27.3% and 30.1%, respectively, primarily reflects the unfavorable net discrete tax expense for shortfalls in stock-based compensation vesting during each respective quarter. Balance Sheet and Liquidity
Inventory as of the end of the second quarter of fiscal 2026 decreased $20 million, or 12%, on a LIFO basis compared to the end of the second quarter of fiscal 2025 primarily as a result of an increase in the LIFO reserve and decreases in Emerging Brands, Lilly Pulitzer and Johnny Was. On a FIFO basis, inventory decreased $9 million, or 4%, compared to the end of the second quarter of fiscal 2025.
During the first half of fiscal 2026, cash provided by operations was $97 million compared to $80 million in the first half of fiscal 2025.
Borrowings outstanding decreased to $73 million at the end of the second quarter of fiscal 2026 compared to $143 million at the end of the first quarter of fiscal 2026, $81 million at the end of the second quarter of fiscal 2025 and $116 million at the end of fiscal 2025. During the first half of fiscal 2026, cash flow from operations exceeded capital expenditures of $32 million, primarily associated with the opening of new brick and mortar locations and the distribution center in Lyons, Georgia and dividend payments of $22 million.
Dividend
The Board of Directors declared a quarterly cash dividend of $0.70 per share. The dividend is payable on October 30, 2026, to shareholders of record as of the close of business on October 16, 2026. The Company has paid dividends every quarter since it became publicly owned in 1960.
Outlook
For fiscal 2026 ending January 30, 2027, the Company has revised its sales and EPS guidance. The Company now expects net sales in a range of $1.430 billion to $1.470 billion as compared to net sales of $1.478 billion in fiscal 2025. In fiscal 2026, the Company now expects GAAP earnings per share to be between $3.07 and $3.47, which includes $2.07 of tariff refund receivables and related interest, compared to fiscal 2025 GAAP net loss per share of $1.86, which included noncash impairment charges primarily associated with Johnny Was totaling $61 million, or $3.05 per share. Adjusted EPS is now expected to be between $1.60 and $2.00, compared to fiscal 2025 adjusted EPS of $2.11.
For the third quarter of fiscal 2026, the Company expects net sales to be between $280 million and $300 million compared to net sales of $307 million in the third quarter of fiscal 2025. GAAP loss per share is expected to be between $1.47 and $1.27 in the third quarter of fiscal 2026 compared to a net loss per share of $4.28 in the third quarter of fiscal 2025, which included noncash impairment charges primarily associated with Johnny Was totaling $61 million, or $3.05 per share. Adjusted loss per share is expected to be in a range of $1.40 to $1.20 compared to a net loss per share of $0.92 in the third quarter of fiscal 2025.
The Company anticipates interest expense of $6 million in fiscal 2026, including $1 million in the third quarter of fiscal 2026. The Company’s effective tax rate is expected to be between 27% and 28% for the full year of fiscal 2026 and approximately 24% for the third quarter.
Capital expenditures in fiscal 2026, including the $32 million in the first half of fiscal 2026, are expected to be approximately $60 million compared to $108 million in fiscal 2025. The planned year-over-year decrease relates to fewer new store openings expected in fiscal 2026 and the completion of the new distribution center in Lyons, Georgia.
Conference Call
The Company will hold a conference call with senior management to discuss its financial results at 4:30 p.m. ET today. A live web cast of the conference call will be available on the Company’s website at www.oxfordinc.com. A replay of the call will be available through September 17, 2026, by dialing (412) 317-6671 access code 13762170.
About Oxford
Oxford Industries, Inc., a leader in the apparel industry, owns and markets the distinctive Tommy Bahama®, Lilly Pulitzer®, Johnny Was®, Southern Tide®, The Beaufort Bonnet Company®, Duck Head® and Jack Rogers® lifestyle brands. Oxford's stock has traded on the New York Stock Exchange since 1964 under the symbol OXM. For more information, please visit Oxford's website at www.oxfordinc.com.
Basis of Presentation
All per share information is presented on a diluted basis.
Non-GAAP Financial Information
The Company reports its consolidated financial statements in accordance with generally accepted accounting principles (GAAP). To supplement these consolidated financial results, management believes that a presentation and discussion of certain financial measures on an adjusted basis, which exclude certain non-operating or discrete gains, charges or other items, may provide a more meaningful basis on which investors may compare the Company’s ongoing results of operations between periods. These measures include EBITDA, adjusted EBITDA (when applicable), adjusted segment EBITDA, adjusted net earnings (loss), adjusted net earnings (loss) per share, adjusted gross profit, adjusted gross margin, adjusted SG&A, and adjusted operating income, among others.
Management uses these non-GAAP financial measures in making financial, operational, and planning decisions to evaluate the Company’s ongoing performance. Management also uses these adjusted financial measures to discuss its business with investment and other financial institutions, its board of directors and others. Reconciliations of these adjusted measures to the most directly comparable financial measures calculated in accordance with GAAP are presented in tables included at the end of this release.
Safe Harbor
This press release includes statements that constitute forward-looking statements within the meaning of the federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will" and similar expressions identify forward-looking statements, which generally are not historical in nature. We intend for all forward-looking statements contained herein, in our press releases or on our website, and all subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf, to be covered by the safe harbor provisions for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Such statements are subject to a number of risks, uncertainties and assumptions including, without limitation:
changes in the trade policies of the United States and those of other nations, including risks of potential future changes or worsening trade tensions between the United States and other countries and the impact of uncertainties surrounding U.S. trade policy on consumer sentiment, inflation and financial markets;our ability to mitigate current and potential future tariffs imposed and receive remaining tariff refunds;demand for our products, which may be impacted by macroeconomic factors that may impact consumer discretionary spending and pricing levels for apparel and related products, many of which may be impacted by inflationary pressures, tariffs, interest rates, the stability of the banking industry or general economic uncertainty, and the effectiveness of measures to mitigate the impact of these factors;risks relating to our product sourcing efforts, including our ability to identify alternative countries to source and produce our products and to successfully implement changes in our supply chain;our ability to accurately forecast consumer demand and effectively manage inventory levels, including the risk of increased promotional activity and margin pressure or, conversely, lost sales as a result of inaccurate forecasts;possible changes in governmental monetary and fiscal policies, including, but not limited to, Federal Reserve policies in connection with continued inflationary pressures or other factors;competitive conditions and/or evolving consumer shopping patterns, particularly in a highly promotional retail environment, including those related to shifts in technology;global supply chain constraints that have affected, and could continue to affect, transit, and other costs, including those related to disruptions of land or sea transportation routes or distribution or shipping channels;the impact of inflationary pressures on labor costs, including wages, healthcare and other benefit-related costs;costs of products as well as the raw materials used in those products, as well as our ability to pass along price increases to consumers;energy costs, including rising fuel prices and their impact on the costs of raw materials and our distribution and logistics operations;our ability to respond to rapidly changing consumer expectations;unseasonal or extreme weather conditions or natural disasters;financial difficulties for our business partners, including suppliers, vendors, wholesale customers, licensees, logistics providers and landlords, that may impact their ability to meet their obligations to us and/or continue our business relationship to the same degree as they have historically;hiring of, retention of and disciplined execution by key management and other critical personnel, as well as the effective transition of executive level responsibilities;the execution of key strategic initiatives to drive operating performance across our enterprise;cybersecurity breaches and ransomware attacks, as well as our and our third party vendors’ ability to properly collect, use, manage and secure business, consumer and employee data and maintain continuity of our information technology systems;inability or failure to successfully and effectively implement new information technology systems and supporting controls, including artificial intelligence-enabled tools, and risks associated with third-party service providers and interconnected systems;the effectiveness of our advertising initiatives in defining, launching and communicating brand-relevant customer experiences;the level of our indebtedness, including the risks associated with heightened interest rates on the debt and the potential impact on our ability to operate and expand our business;the timing of shipments requested by our wholesale customers;fluctuations and volatility in global financial and/or real estate markets;our ability to identify and secure suitable locations for new retail store and food and beverage openings, as well as to successfully negotiate acceptable terms for the early exit or restructuring of leases for underperforming locations;the timing and cost of retail store and food and beverage location openings and remodels, technology implementations and other capital expenditures, including those related to enhancing artificial intelligence capabilities;the timing, cost and successful implementation of changes to our distribution network, including the possibility that we may not realize the anticipated benefits of our new state-of-the-art distribution center in Lyons, Georgia;the effectiveness of recent, focused efforts to reassess and realign our operating costs in light of revenue trends, including potential disruptions to our operations as a result of these efforts;expected outcomes of pending or potential litigation and regulatory actions;consumer, employee and regulatory focus on sustainability issues and practices, including failures by our suppliers to adhere to our vendor code of conduct;the regulation or prohibition of goods sourced, or containing raw materials or components, from certain regions and our ability to evidence compliance;access to capital and/or credit markets;factors that could affect our consolidated effective tax rate;the risk of impairment to goodwill and other intangible assets such as the impairment charges incurred in our Johnny Was and Jack Rogers reporting units during the third quarter of fiscal 2025; andgeopolitical risks, including the U.S.-Iran conflict as well as other hostilities in the Middle East, ongoing challenges between the United States and China and those related to the ongoing war in Ukraine. Forward-looking statements reflect our expectations at the time such forward-looking statements are made, based on information available at such time, and are not guarantees of performance.
Although we believe that the expectations reflected in such forward-looking statements are reasonable, these expectations could prove inaccurate as such statements involve risks and uncertainties, many of which are beyond our ability to control or predict. Should one or more of these risks or uncertainties, or other risks or uncertainties not currently known to us or that we currently deem to be immaterial, materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Important factors relating to these risks and uncertainties include, but are not limited to, those described in Part I. Item 1A. Risk Factors contained in our Fiscal 2025 Form 10-K, and those described from time to time in our future reports filed with the SEC. We caution that one should not place undue reliance on forward-looking statements, which speak only as of the date on which they are made. We disclaim any intention, obligation or duty to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Contact:Brian SmithE-mail:[email protected] Oxford Industries, Inc.Consolidated Balance Sheets(in thousands, except par amounts)(unaudited) August 1,August 2, 2026 2025 ASSETS Current Assets Cash and cash equivalents$9,020 $6,877 Receivables, net 61,906 67,762 Tariff receivable 12,811 — Inventories, net 147,141 166,670 Prepaid expenses and other current assets 50,728 52,740 Total Current Assets$281,606 $294,049 Property and equipment, net 334,980 297,593 Intangible assets, net 185,798 253,340 Goodwill 25,592 27,407 Operating lease assets 389,883 377,190 Other assets, net 66,689 65,619 Deferred income taxes 14,707 9,198 Total Assets$1,299,255 $1,324,396 LIABILITIES AND SHAREHOLDERS’ EQUITY Current Liabilities Accounts payable$83,752 $95,625 Accrued compensation 27,361 29,340 Current portion of operating lease liabilities 59,701 63,521 Accrued expenses and other liabilities 68,918 59,752 Total Current Liabilities$239,732 $248,238 Long-term debt 73,245 81,375 Non-current portion of operating lease liabilities 391,140 368,482 Other non-current liabilities 30,662 29,188 Shareholders’ Equity Common stock, $1.00 par value per share 14,978 14,867 Additional paid-in capital 213,305 197,643 Retained earnings 338,329 387,620 Accumulated other comprehensive loss (2,136) (3,017)Total Shareholders’ Equity$564,476 $597,113 Total Liabilities and Shareholders’ Equity$1,299,255 $1,324,396 Oxford Industries, Inc.Consolidated Statements of Operations(in thousands, except per share amounts)(unaudited) Second Quarter First Half Fiscal 2026Fiscal 2025 Fiscal 2026Fiscal 2025Net sales$394,376$403,143 $785,778$796,004Cost of goods sold 103,247 155,518 250,766 296,093Gross profit$291,129$247,625 $535,012$499,911Operating expenses SG&A 212,270 208,996 423,158 414,740Depreciation and amortization 17,198 16,585 33,578 33,549Total operating expenses$229,468$225,581 $456,736$448,289Royalties and other operating income 7,155 3,367 12,903 9,995Operating income$68,816$25,411 $91,179$61,617Interest expense, net 1,489 1,548 3,771 3,274Earnings before income taxes$67,327$23,863 $87,408$58,343Income tax expense 18,360 7,171 23,453 15,470Net earnings$48,967$16,692 $63,955$42,873 Net earnings per share: Basic$3.28$1.12 $4.29$2.85Diluted$3.25$1.12 $4.25$2.83Weighted average shares outstanding: Basic 14,939 14,875 14,916 15,049Diluted 15,078 14,944 15,042 15,175Dividends declared per share$0.70$0.69 $1.40$1.38 Oxford Industries, Inc.Consolidated Statements of Cash Flows(in thousands)(unaudited) First Half Fiscal 2026Fiscal 2025Cash Flows From Operating Activities: Net earnings$63,955 $42,873 Adjustments to reconcile net earnings to cash flows from operating activities: Depreciation 29,965 28,687 Amortization of intangible assets 3,613 4,862 Impairment of property and equipment 2,126 — Equity compensation expense 7,797 8,259 Amortization of deferred financing costs 193 193 Deferred income taxes 19,395 11,220 Changes in operating assets and liabilities, net of acquisitions and dispositions: Receivables, net (5,245) 4,621 Inventories, net 17,970 990 Income tax receivable 3,455 4,923 Prepaid expenses and other current assets (4,665) (14,055)Current liabilities (35,532) 1,610 Other balance sheet changes (5,727) (14,634)Cash provided by operating activities$97,300 $79,549 Cash Flows From Investing Activities: Acquisitions, net of cash acquired — (28)Purchases of property and equipment (31,536) (54,604)Other investing activities 66 (13)Cash used in investing activities$(31,470)$(54,645)Cash Flows From Financing Activities: Repayment of revolving credit arrangements (271,705) (232,208)Proceeds from revolving credit arrangements 228,507 282,479 Repurchase of common stock — (55,202)Proceeds from issuance of common stock 830 977 Repurchase of equity awards for employee tax withholding liabilities (920) (2,251)Cash dividends paid (21,545) (21,258)Other financing activities — (260)Cash used in financing activities$(64,833)$(27,723)Net change in cash and cash equivalents 997 (2,819)Effect of foreign currency translation on cash and cash equivalents (106) 226 Cash and cash equivalents at the beginning of year 8,129 9,470 Cash and cash equivalents at the end of period$9,020 $6,877 Oxford Industries, Inc.Reconciliations of Certain Non-GAAP Financial Information(in millions, except per share amounts)(unaudited) Second QuarterFirst HalfAS REPORTEDFiscal 2026Fiscal 2025% ChangeFiscal 2026Fiscal 2025% ChangeTommy Bahama Net sales$230.9 $229.0 0.8%$455.6 $445.2 2.3%Gross profit$162.4 $139.0 16.9%$309.9 $278.7 11.2%Gross margin 70.3% 60.7% 68.0% 62.6% Segment EBITDA$51.3 $34.3 49.4%$91.4 $72.6 25.8%Segment EBITDA margin 22.2% 15.0% 20.1% 16.3% Lilly Pulitzer Net sales$85.2 $90.3 (5.6)%$175.6 $189.3 (7.3)%Gross profit$66.5 $59.0 12.7%$121.8 $123.9 (1.7)%Gross margin 78.0% 65.4% 69.4% 65.5% Segment EBITDA$25.0 $17.8 40.4%$40.0 $40.8 (2.1)%Segment EBITDA margin 29.3% 19.7% 22.8% 21.6% Johnny Was Net sales$41.4 $45.4 (8.8)%$79.3 $88.9 (10.8)%Gross profit$36.1 $28.1 28.3%$61.0 $56.3 8.4%Gross margin 87.2% 62.0% 76.9% 63.3% Segment EBITDA$9.4 $(1.3)830.8%$8.1 $(1.3)722.2%Segment EBITDA margin 22.6% (2.8)% 10.3% (1.5)% Emerging Brands Net sales$37.1 $38.5 (3.7)%$75.7 $72.8 4.0%Gross profit$25.9 $22.8 13.7%$46.6 $43.1 8.2%Gross margin 69.9% 59.1% 61.6% 59.2% Segment EBITDA$6.6 $4.0 64.5%$9.6 $6.9 39.5%Segment EBITDA margin 17.8% 10.4% 12.6% 9.4% Corporate and Other Net sales$(0.3)$(0.1)NM$(0.3)$(0.2)NMGross profit (loss)$0.2 $(1.2)NM$(4.3)$(2.0)NMCorporate EBITDA$(6.2)$(12.8)NM$(24.3)$(23.9)NMConsolidated Net sales$394.4 $403.1 (2.2)%$785.8 $796.0 (1.3)%Gross profit$291.1 $247.6 17.6%$535.0 $499.9 7.0%Gross margin 73.8% 61.4% 68.1% 62.8% SG&A$212.3 $209.0 1.6%$423.2 $414.7 2.0%SG&A as % of net sales 53.8% 51.8% 53.9% 52.1% Depreciation and amortization$17.2 $16.6 3.7%$33.6 $33.5 0.1%Depreciation and amortization as % of net sales 4.4% 4.1% 4.3% 4.2% Operating income$68.8 $25.4 170.8%$91.2 $61.6 48.0%Operating margin 17.4% 6.3% 11.6% 7.7% Earnings before income taxes$67.3 $23.9 182.1%$87.4 $58.3 49.8%Net earnings$49.0 $16.7 193.4%$64.0 $42.9 49.2%Net earnings per diluted share$3.25 $1.12 190.7%$4.25 $2.83 50.5%Weighted average shares outstanding - diluted 15.1 14.9 0.9% 15.0 15.2 (0.9)% The following table presents a reconciliation from segment EBITDA to net earnings (in millions):
Second QuarterFirst Half Fiscal 2026Fiscal 2025% ChangeFiscal 2026Fiscal 2025% ChangeSegment EBITDA Tommy Bahama$51.3 $34.3 49.4%$91.4 $72.6 25.8%Lilly Pulitzer$25.0 $17.8 40.4%$40.0 $40.8 (2.1)%Johnny Was$9.4 $(1.3)830.8%$8.1 $(1.3)722.2%Emerging Brands$6.6 $4.0 64.5%$9.6 $6.9 39.5%Corporate and Other$(6.2)$(12.8)NM$(24.3)$(23.9)NM%EBITDA(1)$86.0 $42.0 104.8%$124.8 $95.2 31.1%Depreciation and amortization$17.2 $16.6 3.7%$33.6 $33.5 0.1%Consolidated operating income(1)$68.8 $25.4 170.8%$91.2 $61.6 48.0%Interest expense, net$1.5 $1.5 (3.8)%$3.8 $3.3 15.2%Earnings before income taxes(1)$67.3 $23.9 182.1%$87.4 $58.3 49.8%Income taxes$18.4 $7.2 156.0%$23.5 $15.5 51.6%Net earnings(1)$49.0 $16.7 193.4%$64.0 $42.9 49.2% The table below summarizes adjustments made to the as reported figures shown above (in millions):
Second QuarterFirst HalfADJUSTMENTSFiscal 2026Fiscal 2025Fiscal 2026Fiscal 2025LIFO adjustments(2)$(0.4)$0.9 $3.9 $1.4 Amortization of Johnny Was intangible assets(3)$1.4 $1.9 $2.7 $3.9 Lyons Distribution Center movement costs(4)$0.3 $0.0 $0.8 $0.0 Merchandising strategic initiatives(5)$1.0 $0.0 $1.8 $0.0 Store closure impairment charges(6)$1.0 $0.0 $1.8 $0.0 Tariff refunds(7)$(41.7)$0.0 $(41.7)$0.0 Tariff refunds interest(8)$(1.0)$0.0 $(1.0)$0.0 Impact of income taxes(9)$10.7 $(0.7)$8.7 $(1.3)Adjustment to net earnings(1)$(28.8)$2.1 $(22.9)$3.9 The table below clarifies where the items that have been adjusted above to improve comparability of the financial information from period to period are presented in the consolidated statements of operations (in millions):
Second QuarterFirst Half Fiscal 2026Fiscal 2025Fiscal 2026Fiscal 2025Cost of goods sold (as reported)$103.2 $155.5$250.8 $296.1LIFO adjustments(2)$(0.4)$0.9$3.9 $1.4Tariff refunds(7)$(41.7)$—$(41.7)$— SG&A (as reported)$212.3 $209.0$423.2 $414.7Lyons Distribution Center movement costs(4)$0.3 $—$0.8 $—Merchandising strategic initiatives(5)$1.0 $—$1.8 $—Store closure impairment charges(6)$1.0 $—$1.8 $— Depreciation and amortization (as reported)$17.2 $16.6$33.6 $33.5Amortization of Johnny Was intangible assets(3)$1.4 $1.9$2.7 $3.9 Royalties and other income (as reported)$7.2 $3.4$12.9 $10.0Tariff refunds interest(8)$(1.0)$—$(1.0)$— Consolidated operating income (as reported)$68.8 $25.4$91.2 $61.6 Second QuarterFirst HalfAS ADJUSTEDFiscal 2026Fiscal 2025% ChangeFiscal 2026Fiscal 2025% ChangeTommy Bahama Net sales$230.9 $229.0 0.8%$455.6 $445.2 2.3%Gross profit(7)$146.8 $139.0 5.6%$294.3 $278.7 5.6%Gross margin(7) 63.6% 60.7% 64.6% 62.6% Segment EBITDA(5)(7)$36.5 $34.3 6.4%$77.0 $72.6 6.0%Segment EBITDA margin(5)(7) 15.8% 15.0% 16.9% 16.3% Lilly Pulitzer Net sales$85.2 $90.3 (5.6)%$175.6 $189.3 (7.3)%Gross profit(7)$54.9 $59.0 (6.9)%$110.2 $123.9 (11.1)%Gross margin(7) 64.5% 65.4% 62.8% 65.5% Segment EBITDA(7)$13.4 $17.8 (24.6)%$28.4 $40.8 (30.4)%Segment EBITDA margin(7) 15.7% 19.7% 16.2% 21.6% Johnny Was Net sales$41.4 $45.4 (8.8)%$79.3 $88.9 (10.8)%Gross profit(7)$28.1 $28.1 (0.3)%$52.9 $56.3 (5.9)%Gross margin(7) 67.7% 62.0% 66.8% 63.3% Segment EBITDA(3)(6)(7)$1.4 $(1.3)209.6%$0.5 $(1.3)137.7%Segment EBITDA margin(3)(6)(7) 3.4% (2.8)% 0.6% (1.5)% Emerging Brands Net sales$37.1 $38.5 (3.7)%$75.7 $72.8 4.0%Gross profit(7)$19.4 $22.8 (14.8)%$40.1 $43.1 Gross margin(7) 52.4% 59.1% 53.0% 59.2%(6.9)%
Segment EBITDA(6)(7)$1.0 $4.0 (74.5)%$4.5 $6.9 (34.1)%Segment EBITDA margin(6)(7) 2.8% 10.4% 6.0% 9.4% Corporate and Other Net sales$(0.3)$(0.1)NM$(0.3)$(0.2)NM
Gross profit (loss)(2)$(0.2)$(0.3)NM$(0.4)$(0.6)NM
Corporate EBITDA(2)(4)(8)$(7.3)$(11.9)NM$(20.0)$(22.5)NM
Consolidated Net sales$394.4 $403.1 (2.2)%$785.8 $796.0 (1.3)%Gross profit$249.0 $248.6 0.2%$497.2 $501.3 (0.8)%Gross margin 63.1% 61.7% 63.3% 63.0% SG&A$210.0 $209.0 0.5%$418.7 $414.7 0.9%SG&A as % of net sales 53.2% 51.8% 53.3% 52.1% Depreciation and amortization$15.8 $14.7 8.1%$30.9 $29.7 3.9%Depreciation and amortization as % of net sales 4.0% 3.6% 3.9% 3.7% Operating income$29.3 $28.3 3.6%$59.6 $66.9 (10.9)%Operating margin 7.4% 7.0% 7.6% 8.4% Earnings before income taxes$27.8 $26.7 4.0%$55.8 $63.6 (12.3)%Net earnings$20.2 $18.8 7.1%$41.0 $46.8 (12.3)%Net earnings per diluted share$1.34 $1.26 6.1%$2.73 $3.08 (11.5)% Second Quarter Second Quarter Second Quarter First Half First Half Fiscal 2026 Fiscal 2026 Fiscal 2025 Fiscal 2026 Fiscal 2025 Actual Guidance(10) Actual Actual ActualNet earnings per diluted share: GAAP basis$3.25$1.13 - 1.23$1.12$4.25$2.83LIFO adjustments(2)(11) (0.02) 0.00 0.05 0.19 0.07Amortization of Johnny Was intangible assets(3)(11) 0.07 0.07 0.10 0.13 0.19Lyons distribution center movement costs(4)(11) 0.01 0.00 0.00 0.04 0.00Merchandising strategic initiatives(5)(11) 0.05 0.00 0.00 0.09 0.00Store closure impairment charges(6)(11) 0.05 0.00 0.00 0.09 0.00Tariff received(7)(11) (2.02) 0.00 0.00 (2.02) 0.00Tariff received interest(8)(11) (0.05) 0.00 0.00 (0.05) 0.00As adjusted(1)$1.34$1.20 -1.40$1.26$2.73$3.08 Third Quarter Third Quarter Fiscal 2026 Fiscal 2025 Guidance(12) Actual Net earnings per diluted share: GAAP basis$(1.47) - (1.27)$(4.28) LIFO adjustments(13) 0.00 0.11 Amortization of Johnny Was intangible assets(3)(11) 0.07 0.10 Johnny Was impairment charges(14)(11) 0.00 2.86 Johnny Was organizational realignment initiatives(15)(11) 0.00 0.10 Emerging Brands impairment charges(16)(11) 0.00 0.20 As adjusted(1)$(1.40) - (1.20)$(0.92) Fiscal 2026 Fiscal 2025 Guidance(12) Actual Net earnings (loss) per diluted share: GAAP basis$3.07 - 3.47$(1.86) LIFO adjustments(13) 0.22 0.42 Amortization of Johnny Was intangible assets(3)(11) 0.27 0.38 Lyons distribution center movement costs(4)(11) 0.01 0.00 Merchandising strategic initiatives(5)(11) 0.05 0.00 Store closure impairment charges(6)(11) 0.05 0.00 Johnny Was impairment charges(14)(11) 0.00 2.82 Johnny Was organizational realignment initiatives(15)(11) 0.00 0.15 Emerging Brands impairment charges(16)(11) 0.00 0.20 Tariff refunds(7)(11) (2.02) 0.00 Tariff refunds interest(8)(11) (0.05) 0.00 As adjusted(1)$1.60 - 2.00$2.11 (1) Amounts in columns may not add due to rounding.(2) LIFO adjustments represents the impact of LIFO accounting adjustments. These adjustments are included in cost of goods sold in Corporate and Other.(3) Amortization of Johnny Was intangible assets represents the amortization related to intangible assets acquired as part of the Johnny Was acquisition. These charges are included in depreciation and amortization in Johnny Was.(4) Lyons distribution center relocation costs relate to one-time, non-recurring costs to move inventory between distribution facilities in Lyons, Georgia. These charges are included in SG&A in Corporate and Other.(5) Merchandising strategic initiatives relate to one-time, non-recurring costs, incurred to assess and strategically align our merchandising operations across the Company. These charges are included in SG&A in Tommy Bahama and Corporate and Other.(6) Store closure impairment charges relate to charges incurred to close retail stores. These charges are included in SG&A in Johnny Was and Emerging Brands.(7) Represents refunds received from the U.S. government for tariffs paid in previous periods. These adjustments are included in cost of goods sold in each reportable segment.(8) Represents interest received from the U.S. government related to tariffs paid in previous periods. These adjustments are included in royalties and other operating income in Corporate and Other.(9) Impact of income taxes represents the estimated tax impact of the above adjustments based on the estimated applicable tax rate on current year earnings.(10) Guidance as issued on June 10, 2026.(11) Adjustments shown net of income taxes.(12) Guidance as issued on September 3, 2026.(13) No estimate for LIFO accounting adjustments is reflected in the guidance for any future periods.(14) Johnny Was impairment charges represent the impairment of the Johnny Was intangible asset balances. These charges were included in impairment of goodwill and intangible assets in Johnny Was.(15) Johnny Was organizational realignment initiatives include severance costs, consulting fees and store closure related costs. These charges are included in SG&A and depreciation and amortization in Johnny Was.(16) Emerging Brands impairment charges represent the impairment of the Jack Rogers goodwill and intangible asset balances. These charges were included in impairment of goodwill and intangible assets in Emerging Brands. Direct to Consumer Location Count End of Q1End of Q2End of Q3End of Q4Fiscal 2025 Tommy Bahama Full-price retail store103103104102Retail-food and beverage26262828Outlet36383837Total Tommy Bahama165167170167Lilly Pulitzer full-price retail store65666667Johnny Was Full-price retail store77757575Outlet3333Total Johnny Was80787878Emerging Brands Southern Tide full-price retail store35363534TBBC full-price retail store8999Total Oxford353356358355 Fiscal 2026 Tommy Bahama Full-price retail store102104 Retail-food and beverage2829 Outlet3838 Total Tommy Bahama168171 Lilly Pulitzer full-price retail store6970 Johnny Was Full-price retail store7070 Outlet33 Total Johnny Was7373 Emerging Brands Southern Tide full-price retail store3331 TBBC full-price retail store88 Total Oxford351353
Rogers a Quebecor uzavřely novou 12letou sublicenční dohodu o francouzských národních vysílacích právech NHL v Kanadě od sezony 2026/27. TVA Sports získá až 350 zápasů základní části, včetně 32 zápasů Canadiens, a všechny zápasy Canadiens v play off.
TVA Sports to broadcast up to 350 regular-season NHL games
Montréal Canadiens: 32 regular-season games and exclusive rights to Stanley Cup Playoffs games in French
TORONTO, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Rogers Communications and Quebecor today announced a new 12-year sublicensing agreement for French-language national NHL games, beginning with the 2026-27 season. As an official French-language NHL broadcaster, TVA Sports and TVA Sports Direct will distribute all games covered by the new agreement, with the illico+ platform joining the broadcast ecosystem.
Starting with the 2026-27 season, Quebecor will hold the French broadcasting rights for up to 350 regular season NHL games per season, including 32 Montréal Canadiens regular-season games and all Montréal Canadiens games in the Stanley Cup Playoffs. This includes 10 more regular-season Montréal games than under the previous agreement; six of the eight First Round series of the Stanley Cup Playoffs; three of the four Second Round series; the Conference Finals and Stanley Cup Final; and all NHL tentpole events.
"Quebecor's executive leadership and Board of Directors are proud to carry on a long-standing tradition that brings together French-speaking Canadians around the NHL and the Montréal Canadiens," said Pierre Karl Péladeau, President and Chief Executive Officer of Quebecor, also thanking the League and Rogers for recognizing what we have been building together since 2014. "Premium sports content, such as NHL hockey and Montréal Canadiens games, remains a unique driver for rallying audiences in real time. We consider ourselves fortunate to be a partner in our national sport and to offer French-speaking Canadians even more Habs games on our local platforms. We are also grateful for the close collaboration of the Montréal Canadiens organization.”
"For Rogers, ensuring hockey fans have comprehensive French-language coverage of NHL games is a top priority,” said Tony Staffieri, President and CEO, Rogers. “We have had a terrific partnership with TVA Sports for many years, and we look forward to continuing to work together to deliver more NHL games to more French-speaking Quebecers and Canadians.”
“For the past 12 seasons, TVA Sports’ French-language broadcasts have connected our game with millions of passionate hockey fans across Quebec and Canada,” said Gary Bettman, Commissioner, NHL. “Our expanded partnership with Rogers and Quebecor reflects our shared commitment to serving fans, growing the game, and ensuring that hockey’s biggest moments are available to all audiences.”
Last year, Rogers and the NHL announced a 12-year agreement for the national media rights to NHL games on all platforms in Canada, from the 2026-27 through the 2037-38 seasons.
About Rogers Communications Inc.
Rogers is Canada’s communications, sports and entertainment company, and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). For more information, please visit rogers.com or investors.rogers.com.
About Quebecor
Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services.
Québec-based Quebecor (TSX: QBR.A, QBR.B) employs more than 11,000 people in Canada.
A family business founded in 1950, Quebecor is strongly committed to the community. Every year, it actively supports more than 400 organizations in the vital fields of culture, health, education, the environment and entrepreneurship.
Planet Labs oznámila rekordní tržby 116,05 milionu USD za 2. čtvrtletí, což překonalo odhad trhu. Ztráta 3 centy na akcii ale byla vyšší, než se očekávalo.
Planet Labs PBC (NYSE:PATH) posted its fiscal 2027 second-quarter results after Thursday’s closing bell, beating analysts’ revenue expectations. Here’s a look at the details inside the report.
PL stock is moving. Watch the price action here. Planet Labs reported quarterly losses of three cents per share, which missed the consensus estimate for losses of two cents, per Benzinga Pro data.
Quarterly revenue came in at $116.05 million, which beat the Street estimate of $104.12 million by 11.46%.
Planet Labs reported the following quarterly highlights:
Second quarter revenue increased 58% year-over-year to a record $116.1 million. Percent of recurring annual contract value (ACV) was 98% as of the end of the second quarter. Second quarter non-GAAP gross margin was 59%, compared to 61% in the second quarter of fiscal year 2026. Second quarter net loss was ($9.4) million, compared to ($22.6) million in the second quarter of fiscal year 2026. “Planet delivered an outstanding second quarter, with record revenue of $116.1 million, representing 58% year-over-year growth and our fourth consecutive quarter of meeting or exceeding the Rule of 40,” said Will Marshall, Planet’s CEO.
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PL Stock Price: According to data from Benzinga Pro, Planet Labs stock was up 6.32% to $19.51 in Thursday’s extended trading.
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Ethereum v srpnu zrychlilo díky růstu v oblasti Layer-2, DeFi a tokenizace; BlackRock rozšířil tokenizaci na mainnetu Ethereum. GnosisDAO zároveň schválil přesun Gnosis Chain na ZK-proven Ethereum Layer-2 rollup.
TLDR: Ethereum saw accelerated August activity across Layer-2 upgrades, institutional adoption and ecosystem development. BlackRock expanded tokenization on Ethereum while Gnosis and Whitechain pursued Layer-2 transitions. Privacy tools and wallet infrastructure advanced through new applications, security features and post-quantum technology. DeFi growth continued as Aave, Morpho and Uniswap reached new deposit and trading milestones. Ethereum development activity accelerated through August as builders across the ecosystem shipped new upgrades, launched fresh protocols, and expanded institutional integrations.
Layer-2 networks advanced their infrastructure, decentralized finance protocols recorded fresh deposit milestones, and privacy-focused applications gained new momentum.
The developments touched governance, tokenization, wallet security, and onchain gaming across the wider Ethereum landscape.
Institutional and Layer-2 Expansion Gain Momentum Ethereum’s Layer-2 ecosystem saw structural changes this month. GnosisDAO approved a vote to move Gnosis Chain from an independent Layer-1 network to a ZK-proven Ethereum Layer-2 rollup.
The shift introduces synchronous composability, allowing applications on Gnosis and Ethereum to interact within a single transaction.
Institutional interest in Ethereum also expanded. BlackRock introduced its Select Treasury Based Liquidity Fund with a tokenized share class deployed on Ethereum mainnet.
The asset manager additionally began tokenizing share classes tied to its $311 billion European money market fund series on the network.
Ethereum is for shipping.
Here are 35 things the Ethereum ecosystem launched, upgraded, and announced through August.
1/ GnosisDAO approved a vote to transition @gnosischain from its own L1 to a ZK-proven Ethereum L2 rollup with synchronous composability, so apps on Gnosis and…
— Ethereum (@ethereum) September 3, 2026
Arbitrum activated its ArbOS Elara upgrade, bringing more responsive transaction fees to Arbitrum One. The update also increased Stylus smart contract capacity fourfold and added new features for chains built on the Arbitrum stack.
Elsewhere, Whitechain, the network connected to the WhiteBit exchange ecosystem, announced plans to transition from an independent Layer-1 into an Ethereum Layer-2 built on the OP Stack.
Ethereum client teams also introduced the Platåberget testnet to prepare implementations ahead of the Glamsterdam network upgrade.
Privacy Tools and Wallet Infrastructure Advance Privacy-focused development remained active across the Ethereum ecosystem in August. Aztec Network launched Alpha v5, a protocol upgrade that reduced private transaction proving times. The release also brought an initial group of privacy-preserving applications onto the network.
Privacy Boost introduced a new frontend application enabling users to send private transfers directly from connected wallets.
Wallet security also advanced through new releases. MetaMask launched its Agent Wallet, an agentic tool built with spending limits, allowlists, and configurable risk profiles.
Freedom Factory opened presales for PQ1, an air-gapped hardware wallet that signs transactions using post-quantum cryptography through an Ethereum smart account.
Privacy-focused wallet Cloaked reported reaching $650,000 in deposits and $1 million in transaction volume during its first 90 days of operation.
Web3Privacy also released an updated Ethereum Privacy Ecosystem Mapping for 2026, documenting the network’s growing privacy tooling landscape.
DeFi Growth and Ecosystem Programs Continue Decentralized finance activity on Ethereum showed continued expansion during the month. Aave v4 surpassed $525 million in deposits on Ethereum mainnet.
Morpho reported crossing $880 million in total deposits on Robinhood Chain within less than two months of going live, while also reaching $5.75 billion in deposits on Base.
Uniswap processed more than $1 billion in stock token volume on Robinhood Chain, contributing to over $20 billion in total volume since the platform’s July launch.
The exchange also launched v4 Permissioned Pools, a hook standard enabling allowlisted swaps for regulated assets while keeping the base protocol permissionless.
Coinbase launched tokenized stocks on Base for non-U.S. users, backed one-to-one by a regulated custodian and held in self-custody wallets.
Base separately opened applications for its Base Batches 004 accelerator program, supporting ten early-stage teams building on the network.
Ether.fi expanded its crypto neobank offering with tokenized stocks and portfolio-backed loans facilitated through Aave.
The Ethereum Foundation also launched an autoresearch challenge focused on post-quantum security, built alongside zkSecurity and EigenLabs, placing a machine-verified security problem on a public leaderboard for open contribution.
@XDCNetwork closed August with the strongest month of on-chain activity in its history. The network processed 27.7 million transactions, a figure that represents a 50% increase over the prior six months, according to data shared by XDC Network and cited by Token Terminal analytics.
Validator Set Expands With Institutional Names The network's validator ecosystem grew roughly 26% over the quarter and now exceeds 320 active nodes. Three new institutional names joined during August. Hex Trust, a digital asset custodian active across APAC and the Middle East, joined as a Masternode Validator to verify transactions and contribute to network consensus. Clear Street, a regulated financial infrastructure firm headquartered in New York that serves more than 700 institutional clients and processes around 550 million shares in daily trading, also joined the validator set. Blockchain infrastructure provider LinkPool rounded out the August additions.
Clear Street CEO Robert Rutherford framed the move in capital markets terms, saying the firm wants to be "accountable for the next layer of capital markets" by helping to operate it. The broader validator roster already includes Deutsche Telekom, SBI Holdings, Animoca Brands, HashKey Cloud, and Republic, among others.
OrbitX Cards and the QAIX Alliance August also brought two product-level developments. The $XDC token went live on OrbitX corporate cards, extending its utility into everyday business payments. Separately, the network launched QAIX, a Quantum Computing and Artificial Intelligence Alliance built on XDC. The consortium brings together leaders across quantum computing, digital assets, financial infrastructure, and industrial robotics, with its main base in Manhattan and additional presence in Washington DC, Miami, and the San Francisco Bay Area.
The record transaction count sits against a broader push by XDC to position itself as a settlement layer for real-world assets, trade finance, and the emerging AI agent economy. The network is EVM-compatible and runs on XDPoS 2.0, a delegated proof-of-stake consensus mechanism, with support for up to 2,000 transactions per second.
Sources:
Finance Magnates: XDC Network Hits All-Time High in Monthly Transactions
Crypto Briefing: Clear Street Joins XDC Network as Institutional-Grade Validator
KuCoin: XDC Network Adds Hex Trust as Institutional Masternode Validator
Meta u nového modelu Muse Spark nabízí firmám až 95% slevu, pokud sdílejí své prompty a výstupy pro trénink budoucích modelů. Standardní cena je 1,25 USD za milion vstupních tokenů, v tarifu „contributor“ jen 10 centů. U výstupních tokenů je standardní cena 4,25 USD za milion, v tarifu „contributor“ jen 20 centů.
Most AI tools allow you to opt out of sharing your usage with the model provider to improve future versions. Meta has taken that idea and put a price tag on it.
For its new Muse Spark model, intended for operating coding and other agents, Meta is offering an explicit discount averaging out to about 95% for users who “contribute” to the development of future models by sharing their prompts and model outputs.
While 1 million input tokens under a standard agreement costs $1.25, under the contributor pricing model they cost just 10 cents. For output tokens, the standard price is $4.25 per million, but that same million costs just 20 cents under the contributor model.
Meta has had a rough time trying to obtain training data: An initiative to track the computer usage of its employees, launched earlier this year, attracted wide internal criticism and was paused in June. The company didn’t respond to a question from TechCrunch about its new pricing model.
This kind of user data is vital for making agentic tools work better. “The reason we saw a big jump in [coding agent] capabilities between April 2025 and October 2025 was that Claude Code, by default, would store all your coding agent sessions and use them for reinforcement learning training,” Mario Zechner, the developer behind the open source harness Pi, told TechCrunch last month.
But even as the imperative for model builders increasingly becomes deploying agentic tools for use outside of software engineering, their ability to evaluate and improve those tools is blocked by the complexity and lack of digital traces for many professional workflows.
Arvind Narayanan, a Princeton computer science professor, noted that there is good evidence that large companies don’t want their data to be used for model training.
“They stick with token-billed Enterprise plans even though the subscription-based consumer plans like Claude Max and ChatGPT Pro are discounted by 10x-20x or even more! (The main difference between the plans is data retention + enterprise IT governance),” he wrote on social media.
Perhaps in recognition of those dynamics, Meta is offering companies explicit compensation to obtain that information. Its pricing guide notes that the contributor tier “lowers the barrier to entry for prototyping, testing integrations, and scaling experiments where training on your data is acceptable.”
That, Narayanan suggested, could in turn incentivize large companies to be more diligent about which data is truly proprietary and which could be shared with model providers.
The framework could also play into growing price competition between the frontier labs. Anthropic’s newest Fable and Mythos models, released yesterday, came with lowered costs for processing cached tokens, while OpenAI’s latest models got major price cuts at the end of July.
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Tim Fernholz is a journalist who writes about technology, finance and public policy. He has closely covered the rise of the private space industry and is the author of Rocket Billionaires: Elon Musk, Jeff Bezos and the New Space Race. Formerly, he was a senior reporter at Quartz, the global business news site, for more than a decade, and began his career as a political reporter in Washington, D.C. You can contact or verify outreach from Tim by emailing [email protected] or via an encrypted message to tim_fernholz.21 on Signal.
Nike v červenci zavřela 11 obchodů v USA, včetně pobočky v San Jose. Firma zároveň uvedla, že tržby v jejích obchodech ve 4. fiskálním čtvrtletí 2026 klesly o 7 %.
Slumping sneaker seller Nike shuttered of a total of 11 of its U.S. stores in July alone, according to a report — including one location in a popular upscale shopping center in Northern California.
The closures impacted states across the country, including Texas, New Jersey, Illinois, North Carolina, Georgia, Florida, Missouri, Maryland, and Kentucky.
Nike closed 11 stores nationwide in the month of July alone, including a store in San Jose. Bloomberg via Getty Images In California, the brand permanently shuttered its location at the busy Santana Row mall in San Jose — a top shopping stop for minted tech workers.
Federal Realty, which operates the center, told the Silicon Valley Business Journal that the departure was “not a decision specific to this market or property” — and part of a broader shift, as the company tries to find the way forward.
Despite the closure, the Golden State still has the most Nike locations in the country with 39 stores.
The California Post reached out to Nike for comment on the closures.
The downsizing comes as Nike announced major global operations changes in April of this year — laying off approximately 1,400 employees working in global operations, mostly in the technology sector.
The company laid off 1,400 employees in April as part of a major change in global operations. Gado via Getty Images
Sales in Nike stores were down 7% in the fourth fiscal quarter of 2026, according to the company. Getty Images Download The California Post App, follow us on social, and subscribe to our newsletters California Post News: Facebook, Instagram, TikTok, X, YouTube, WhatsApp, LinkedIn
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The changes were designed to optimize the company’s supply chain footprint and modernize their use of technology to create “a more responsive, resilient, responsible, and efficient company,” according to Nike.
The iconic brand has been in a sales slump, with both footwear and equipment showing negative growth, revenue from Nike stores down 7%, and Converse revenue down 32%. Nike Direct revenue fell 9%, while Nike Digital was fell by 12%.
Niki President and CEO Elliot Hill acknowledged the company’s struggles in their June 2026 fourth-quarter earnings call.
“We know we’re not living up to our full potential,” said Hill.
Walmart ve čtvrtek rostl o 2,60 % díky širší tržní rally a nové spolupráci s Inspire Brands, která rozšiřuje doručování přes Dunkin’ v prodejnách Walmartu.
Shares of Walmart Inc. (NASDAQ:WMT) are trading higher Thursday afternoon as the retail giant benefits from broader market tailwinds and fresh expansion within its delivery ecosystem.
Here’s what investors need to know.
Walmart stock is showing upward movement. Why is WMT stock trading higher? Inspire Brands Partnership Expands Delivery ReachProviding a direct company catalyst Thursday morning, Walmart announced a strategic partnership with Inspire Brands to integrate popular restaurant delivery services, starting with Dunkin’ locations situated within Walmart stores, directly into its platform.
The initiative aims to leverage Walmart’s vast store footprint and digital app infrastructure to broaden its delivery offerings and deepen customer engagement across its nationwide retail network.
Dovish Fed Remarks and Falling Yields Support Retail SentimentBroader macroeconomic factors also lifted Walmart alongside the wider equities market Thursday afternoon. A pullback in U.S. Treasury yields, following dovish inflation commentary from Federal Reserve Governor Christopher Waller, helped ease market-wide concerns regarding elevated interest rates and persistent pressure on consumer discretionary spending.
Lower yields provide a favorable backdrop for large-cap retail and consumer staples as investors position for potential central bank rate stabilization.
Rebounding Following Recent Post-Earnings VolatilityThursday’s upward momentum helps Walmart regain ground following recent post-earnings volatility. In its second-quarter report released on Aug. 20, the retailer beat Wall Street expectations with revenue of $187.9 billion (up 5.9% year-over-year) and adjusted EPS of $0.81 (surpassing the 74 cent estimate), bolstered by a 23% jump in global e-commerce and 38% growth in advertising revenue.
However, shares plunged in late August following the release as investors fixated on slowing core retail momentum, marked by U.S. same-store sales growth dipping to 2.6%, the lowest pace in over six years.
During the earnings call, management acknowledged that lower- and middle-income consumers are making more visible trade-offs due to persistent inflationary pressures and elevated fuel costs. To counter this, executives highlighted plans to reinvest tariff refunds into aggressive price reductions via more than 11,000 “rollbacks”.
While Walmart raised its full-year EPS outlook to $2.80 to $2.87, cautious third-quarter adjusted EPS guidance of 62 cents to 64 cents reignited near-term growth concerns.
WMT Shares Rise Thursday AfternoonWMT Price Action: Walmart shares were up 2.60% at $108.85 at the time of publication on Thursday, according to Benzinga Pro data.
Adobe jmenoval Anila Chakravarthyho novým CEO s nástupem 1. prosince; nahradí Shantanu Narayena. Akcie Adobe v obchodování po uzavření trhu klesly asi o 2 %.
Adobe on Thursday named Anil Chakravarthy as its next CEO, succeeding Shantanu Narayen, who announced he would step down earlier this year.
Chakravarthy, who most recently served as president of Adobe's customer experience orchestration and worldwide field operations, will take the helm Dec. 1, the company said. He will also join Adobe's board.
Narayen will become executive chair and "work closely" with Chakravarthy during the transition, Adobe said. Narayen said last March he would leave his role after joining the company in 1998 and serving as the head of Adobe for 18 years.
"Adobe's opportunity ahead is limitless with our track record in creating new market vategories and world-class products," Narayen said in a statement. "Anil is an experienced transformational leader who leads with values, integrity and a deep knowledge of our business."
Shares of Adobe fell about 2% in extended trading.
This is breaking news. Please refresh for updates.
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Pfizer čeká slabší období do roku 2030, než se naplno rozjede růst z nových onkologických léků. Firma zároveň plánuje do roku 2029 úspory 9,7 miliardy USD.
As the old saying goes, "If something sounds too good to be true, it probably is."
That clichéd wisdom presents something of a problem for any investor eyeing a new stake in pharmaceutical outfit Pfizer (PFE -0.72%) while its stock is priced at less than 10 times this year's expected per-share profit of $2.98, with a forward-looking dividend yield that's unusually high at just over 6%.
What's the market seeing? Maybe it's what the market's not seeing. To this end, if you're thinking about diving in, here are the top three things you need to know about Pfizer today.
1. The real revenue turning point is 2030 All stock prices reflect that company's plausible future more so than its past, or even its present. The challenge for investors interested in Pfizer at this time is how far into the future they need to look.
While its acquisitions and in-house research and development work on this front are certainly promising, the company's goal of having eight new blockbuster oncology drugs on the market -- and doubling its total number of cancer patients it's currently serving as a result -- won't even begin to start happening until after 2028, and not in earnest until 2030.
image source: Getty Images.
Meanwhile, its top-selling drugs like cancer-fighting Ibrance, pneumonia vaccine Prevnar, and blood-thinner Eliquis (which accounts for about 15% of Pfizer's total revenue) will lose their patent protection. In other words, it could be a tough few years between now and 2030,
2. Its cost-cutting goals aggressive At the same time, the drugmaker is setting up new profit centers to offset the eventual wind-down of others, and it's also cutting costs. Specifically, between this year and 2029, Pfizer expects to find $9.7 billion worth of operational savings. Most will come from cost realignments, but some will be the result of manufacturing optimization.
For perspective on that number, the company's on pace to do on the order of $62 billion worth of business this year. That's also more than all of last year's net income.
3. The high yield and low valuation make it worth the risk Finally, although the stock's dirt cheap valuation and oddly high dividend yield suggest most investors doubt Pfizer will be able to achieve its goals anytime soon (and with a consensus 12-month price target of only $28.28 per share, most analysts seem to agree), this is a scenario where investors should think longer term, recognizing that Pfizer's forced overhaul isn't anything new or unusual for it or any other names in the pharmaceutical industry. It should be a far more promising company five years from now.
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Also, remember that most stocks tend to move in anticipation of turnarounds, because they actually take hold. In this vein, Pfizer's got a great deal of drug-development progress news already lined up for the next five years, which will give investors plenty of bullish milestones to latch onto. Just make sure you're ready for a bumpy ride during this stretch.
