Track market-moving stories before they get noisy

Shares of Palantir (NASDAQ:PLTR | PLTR Price Prediction) stock are down 6% in Thursday morning trading, changing hands near $106.50 after a prior close of $113.50. The move drops PLTR stock to its lowest level in over a year, deepening a string of fresh 52-week lows.

Zoom out and the picture is rougher, as Palantir stock is now down roughly 40% in 2026. June is shaping up to be Palantir’s worst month on record.

With PLTR stock now hovering just above $100, the question everyone is asking is whether the next leg drags Palantir shares through that round number. It’s a genuine open question rather than a confident forecast.

No Single Fresh Catalyst, Just a Continuing Derating There’s no fresh headline driving today’s specific drop in Palantir stock. Instead, PLTR is caught in a broader software and AI selloff that some traders have nicknamed the “SaaSpocalypse,” a repricing of richly valued software names amid fears that AI agents could erode traditional enterprise subscription models. Interest-rate pressure on the software group is adding to the squeeze.

The valuation sits at the center of the Palantir story. Recent coverage cited a trailing P/E ratio near 144x, and other readings put Palantir’s P/E ratio at 160x with a price-to-book ratio of 35x and a free-cash-flow yield under 1%. Numbers like that leave little room for disappointment when capital rotates out of expensive software, and Palantir has been at the front of that rotation.

Company-specific overhangs are not helping. Reports indicate that France’s domestic intelligence agency is transitioning off Palantir’s tools to domestic provider ChapsVision, and the UK National Health Service (NHS) contract is drawing renewed scrutiny. Both raise questions about Palantir’s international public-sector growth runway.

The technical picture has also turned. Michael Burry of “The Big Short” fame has a publicized short position on Palantir and has been taking a victory lap as momentum wanes, trading volume declines, and a key support level on PLTR stock has given way to fresh 52-week lows.

The Bull Case Hasn’t Disappeared Palantir’s underlying business still looks strong on paper. Q1 2026 revenue hit $1.63 billion, up 85% year over year, with U.S. revenue up 104% and U.S. commercial revenue up 133% to $595 million. Furthermore, Palantir’s GAAP operating income reached $754 million, a 46% margin, and the company closed 206 deals of $1 million or more with total contract value of $2.41 billion.

Palantir’s management responded by raising its full-year 2026 revenue guidance to $7.65 billion to $7.66 billion, with U.S. commercial guided above $3.22 billion and adjusted free cash flow guided to $4.2 billion to $4.4 billion. Additionally, Palantir’s “Rule of 40” score sat at 145%, a combination of growth and profitability few software peers can match.

Sentiment readings on PLTR are also stretched. Recent coverage notes that Palantir stock’s RSI has slipped into the mid-30s, traditionally an oversold zone where bounces can develop, and ARK Invest has reportedly been buying the dip.

Yet, the bear case still carries weight. Extreme multiples, the sector-wide software derating, the European contract setbacks, and downside momentum that includes Palantir’s worst month on record all argue the slide could extend. StockTwits chatter suggests that many retail traders are watching the $100 line specifically, with some saying they would step in if PLTR dips below it.

What to Watch Next The next scheduled catalyst for Palantir is the Q2 2026 earnings report, with management guiding to revenue of $1.797 billion to $1.801 billion. Until then, PLTR stock is likely to move with the broader software group and any further headlines around its international contracts.

Investors can watch for whether PLTR stock holds the $100 line into the close, and whether oversold conditions attract dip-buyers or simply mark a pause before another leg lower. The $100 figure is a psychological level rather than a chart-based target, and it’s a level that traders are clearly watching.

Either way, the next few sessions can help clarify whether Palantir is in for a deeper de-rating or is just quietly building a base. With CEO Alex Karp’s positive commentary on AI momentum still on the record and U.S. growth running hot, the fundamentals and the chart on PLTR stock are telling very different stories right now. Patience and modest position sizing remain reasonable approaches for anyone weighing a Palantir share stake here.

Micron Technology Inc (NASDAQ:MU) shares soared more than 15% to a record high of around $1,208 Thursday as analysts cheered a wave of long-term strategic agreements reshaping the investment case for the memory chipmaker.

Bank of America reiterated its Buy rating and lifted its price target to $1,550 from $1,500, while Wedbush maintained its bullish stance, with both firms pointing to Micron's growing portfolio of strategic customer agreements (SCAs) as a defining development for the sector.

Micron reported fiscal third-quarter revenue of $41.5 billion, up 74% year-over-year and well above the Street's $35.9 billion estimate. Data center revenue hit an annualized run rate of approximately $100 billion.

Gross margin came in at 84.9%, topping consensus of 81.7%, while non-GAAP earnings per share of $25.11 doubled quarter-over-quarter and surpassed expectations of $20.86.

Fourth-quarter guidance was equally striking, with Micron projecting revenue of $50.0 billion against the Street's $43.6 billion estimate. Gross margin is expected to reach roughly 86%, with non-GAAP EPS guided to $31.

The headline story was not just the results but what lies ahead. Micron now has 16 SCAs in place, with 14 of those carrying cumulative minimum revenue commitments of approximately $100 billion over the remaining agreement terms. The deals include price floors and ceilings, are backed by cash deposits and financial commitments, and carry no termination provisions.

Bank of America noted the agreements currently represent about 20% of DRAM output and one-third of NAND sales, but Micron expects SCAs to eventually cover at least half of total company revenue, generating roughly $100 billion in remaining performance obligations.

"The agreements are guaranteed by cash deposits and financial commitments and do not contain provisions allowing for the termination of terms," Wedbush noted, underlining the structural shift this represents for a sector historically defined by cyclical boom and bust.

With free cash flow margins expected to approach 50-60%, both firms flagged a significant inflection in shareholder returns. Micron announced plans to return 100% of excess free cash flow to shareholders beginning in December, once CHIPS Act restrictions on certain uses of cash expire.

Bank of America said buyback activity is likely to step up materially, noting that even $32 billion in repurchases for fiscal 2027 would represent only about 25% of potential free cash flow generation. The firm sees shares implying a roughly 10% free cash flow yield at current levels.

Wedbush, meanwhile, described the quarter as a "drop the mic" moment for Micron and the broader memory trade, saying the results demonstrated that demand for NAND and DRAM continues to significantly exceed industry supply.

"With greater nervousness around the AI trade... this shows the memory and chip trade is well-intact and still in the early stages of playing out," Wedbush said, adding that it sees no cracks in AI demand on the hardware or software front.

The firm also flagged positive read-throughs for semiconductor capital equipment makers, noting Micron raised its 2026 capital expenditure forecast and signalled meaningfully higher spending in 2027.

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Intel (NASDAQ:INTC | INTC Price Prediction) and Taiwan Semiconductor Manufacturing (NYSE:TSM) just delivered very different earnings stories. Intel posted a 2,183.46% non-GAAP EPS beat under CEO Lip-Bu Tan while absorbing a $4.07 billion restructuring charge.

TSMC kept compounding, with Q1 revenue rising 21.4% YoY and net income jumping 43.8%. Both sit at the heart of the AI hardware buildout, on very different footing.

AI Servers Lift Intel. Leading-Edge Nodes Lift TSMC. Intel’s Data Center and AI segment grew 22% YoY to $5.05 billion, and Intel Foundry climbed 16% to $5.42 billion. Client Computing, the legacy PC business, barely moved at 1%. That mix tells you where the energy is.

Lip-Bu Tan framed it bluntly: “The next wave of AI will bring intelligence closer to the end user, moving from foundational models to inference to agentic.” Strategic wins back the talk: Xeon 6 was selected as the host CPU for NVIDIA’s DGX Rubin NVL8 systems, and Google signed on for custom ASIC IPUs.

TSMC is operating on a different plane. May revenue alone hit NT$416.98 billion, up 30.1% YoY, and management is guiding to over 30% full-year revenue growth. The 58.1% operating margin reflects pricing power on advanced nodes that no one else can match at scale.

Business Driver Intel TSMC Main Growth Engine Data Center and AI, Foundry ramp Leading-edge AI wafers Q1 Revenue Growth +7.2% YoY +21.4% YoY Gross Margin 41.0% non-GAAP Mid- to high-60s Rebuilder vs. Compounder Intel is rebuilding a foundry from inside an integrated company. The $5 billion NVIDIA equity stake, the Google ASIC deal, and the Terafab tie-up with SpaceX, xAI, and Tesla all point to one bet: that U.S. leading-edge capacity has strategic value buyers will pay for.

The hitch is execution. Intel Foundry is still losing money, and management has flagged a potential pause of Intel 14A if customers do not commit.

TSMC’s path is simpler. Stay the only credible volume supplier of leading-edge nodes, then collect rent. Its Arizona expansion is now eligible for a 35% investment tax credit effective January 1, 2026, which softens the geopolitical hedge cost.

On insider activity, TSMC saw three coordinated buy events between April and June with CEO C.C. Wei adding shares each time, while Intel’s CFO and foundry GM were net sellers in May and June.

The Next Test Is Foundry Conversion For Intel, Q2 guidance of $13.8 billion to $14.8 billion in revenue at a 39% gross margin suggests momentum without margin breakout yet. I will watch whether Intel 18A volume in Arizona converts external customers into multiyear wafer commitments.

For TSMC, the question is whether NT dollar appreciation and customer concentration (top 10 customers = 84% of receivables) start to bite reported growth.

TSMC the Compounder, Intel the Higher-Variance Bet Intel has run hard. The stock is up 258.48% year to date and 524.26% over one year, which already prices in a lot of belief. TSMC is up a more measured 44.32% YTD while actually producing the cash flows.

For me, TSMC fits a buy-the-business investor: 46.5% profit margin, 36.2% ROE, and durable demand. Intel suits a turnaround investor willing to underwrite Foundry losses for the chance that Tan’s reset reshapes the cost base. Intel’s risk/reward at current levels skews to execution risk on the Foundry ramp, while TSMC’s cash generation cushions volatility on pullbacks.

Key Takeaways Palo Alto Networks grew XSIAM ARR to more than $600M, up 100% year over year in Q3 fiscal 2026.PANW ended Q3 fiscal 2026 with more than 740 XSIAM customers amid strong adoption.XSIAM processes more than 17 petabytes daily, helping most customers respond to threats in under 10 minutes. Palo Alto Networks (PANW - Free Report) is seeing strong growth in XSIAM, its security operations platform. In the third quarter of fiscal 2026, XSIAM annual recurring revenue (ARR) exceeded $600 million, up 100% from the year-ago quarter. PANW's XSIAM had more than 740 customers at the end of the third quarter. XSIAM is becoming an important part of Palo Alto Networks’ business as companies look for better ways to detect, investigate and respond to cyber threats.

The company believes artificial intelligence is changing the threat landscape. According to management, attackers can now use advanced AI models to find vulnerabilities and launch attacks much faster than before. Earlier in 2026, PANW's Unit 42 team demonstrated a ransomware attack that moved from initial access to data theft in only 25 minutes. At the same time, many organizations still take days to identify a security breach. This gap is increasing demand for automated security operations platforms such as XSIAM.

XSIAM processes more than 17 petabytes of telemetry data every day and helps customers manage large volumes of security data and automate threat response. As a result, most XSIAM customers are now able to respond to threats in less than 10 minutes. This gives XSIAM a significant edge over traditional security operations tools that often require more manual work and longer investigation times.

PANW is also benefiting from its broader platform strategy. XSIAM works with the company's network security, AI security, identity security and observability products. This allows customers to manage more of their security operations through a single platform. With XSIAM ARR growing 100%, strong customer adoption and rising demand for automated security operations, XSIAM is becoming one of Palo Alto Networks' fastest-growing businesses and an important contributor to future growth.

The Zacks Consensus Estimate for fiscal 2026 and 2027 revenues indicates a year-over-year increase of around 23.7% and 20.2%, respectively.

How Competitors Fare Against PANWCompetitors like CrowdStrike (CRWD - Free Report) and SentinelOne (S - Free Report) are also gaining ground through platform expansion and AI innovation.

CrowdStrike ended its first quarter of fiscal 2027 with $5.51 billion in ARR, reflecting 24% year-over-year growth. The robust increase was fueled by the growing adoption of CrowdStrike’s Falcon Flex subscription model.

Though comparatively a small competitor, SentinelOne posted first-quarter fiscal 2027 year-over-year growth of 23% in its ARR. The growth was fueled by the rising adoption of SentinelOne’s AI-first Singularity platform and Purple AI.

PANW’s Price Performance, Valuation & EstimatesShares of Palo Alto Networks have jumped 53.3% in the year-to-date period compared with the Zacks Security industry’s return of 44.3%.

PANW’s YTD Price Return Performance
Image Source: Zacks Investment Research

From a valuation standpoint, Palo Alto Networks trades at a forward price-to-sales ratio of 17.25X compared with the industry’s average of 15.77X. The Zacks Value Score of F also suggests that PANW stock is overvalued.

PANW Forward 12-Month P/S Ratio
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Palo Alto Networks’ fiscal 2026 and 2027 earnings implies year-over-year growth of 12.9% and 8.1%, respectively. The estimates for fiscal 2026 and 2027 have been revised up by 6 cents and 8 cents, respectively, over the past 30 days.

Image Source: Zacks Investment Research

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

A brutal multiweek cryptocurrency drawdown has sent Strategy Inc MSTR into a freefall – with the company’s share price having crashed below the critical $100 threshold for the first time since 2024.

At the time of writing, MSTR stock is trading at a fresh 52-week low of about $87, while the firm’s flagship STRC preferred equity has also tanked to $74, representing a massive discount to its $100 par value.

In response to this compounding financial pressure, a blistering new CryptoQuant research report outlines what the corporate digital asset pioneer needs to stabilize its volatile financial foundations.

CryptoQuant’s head of research, Julio Moreno, explicitly warned that Strategy must immediately halt its aggressive accumulation of Bitcoin to preserve capital.

“Strategy should develop a systematic, fundamental-driven approach to bitcoin purchase timing rather than buying whenever capital is available,” he argued in the latest report.

Moreno noted that indiscriminately buying near cycle tops and stacking tokens throughout initial stages of this bear market has expanded the firm’s aggregate unrealized losses to a massive $10.6 billion.

Strategy shares continue to bleed because all BTC the company has acquired since 2024 are now underwater – and relentless buying only accelerates financial strain and severely damages under-lying corporate metrics, he added.

MSTR stock will remain under pressure until the firm successfully patches its rapidly deteriorating cash cushion to protect fixed-income investors.

According to Moreno, Strategy’s vital USD cash reserve has contracted by 38% since the start of the year, leaving just $1.4 billion on the balance sheet.

Concurrently, annualized dividend obligations on its high-yield preferred equity have quadrupled as massive amounts of STRC were issued to buy crypto.

This supply shock aggressively slashed the company’s dividend coverage runway from over seven years down to a mere 14 months.

To fully restore market confidence and revive STRC, Moreno notes the firm needs $2.8 billion in cash to establish 24 months of total coverage.

Despite growing skepticism from critics, some Wall Street analysts view the recent distress as a temporary funding friction rather than a structural failure.

Benchmark analyst Mark Palmer noted that while a discounted STRC slows down the company’s highly efficient “at-the-market” equity issuance engine, the overarching corporate model remains intact.

Bullish market participants emphasize that Strategy’s massive $50 billion Bitcoin treasury offers a substantial long-term buffer against acute liquidity stress.

OranjeBTC’s Sam Callahan also highlighted that buying heavily discounted tokens during market drawdowns remains an attractive strategy for long-horizon investors.

In short, Strategy stock must strike a delicate balance between aggressive digital asset accumulation and rebuilding its USD reserves to navigate this volatile environment.

Key Takeaways CrowdStrike's AIDR ARR grew more than 250% sequentially in the first quarter of fiscal 2027.AIDR has already secured a pipeline of more than $50 million for the second quarter of fiscal 2027.AIDR landed a seven-figure deal in Q1 FY27, covering 30,000-plus hosts at an automotive finance customer. CrowdStrike (CRWD - Free Report) is seeing strong demand for its AI Detection and Response (AIDR) solution. CRWD's AIDR solution is designed to help companies monitor and secure AI applications, AI agents and AI workloads as AI adoption increases across enterprises. Management highlighted AIDR as one of the company's fastest-growing products during the first quarter of fiscal 2027.

In the first quarter of fiscal 2027, AIDR's ending annual recurring revenues (ARR) grew more than 250% sequentially. Further, AIDR has a pipeline of more than $50 million for the second quarter of fiscal 2027. Management stated that customer adoption of AIDR has been faster than expected as more organizations look for ways to secure AI activity across their businesses.

CrowdStrike believes AIDR addresses a larger opportunity than traditional endpoint security. Endpoint Detection and Response (EDR) mainly protects laptops, desktops and servers. In contrast, AIDR is designed to protect AI-related assets such as AI models, data, prompts, agents and identities. With rising usage of AI by enterprises, each of these areas could require additional security controls, driving further demand for CRWD's security tools such as AIDR.

CrowdStrike is already seeing customer adoption for AIDR. During the first quarter, an automotive financial services company deployed AIDR across more than 30,000 hosts in a seven-figure deal. The customer used the solution to monitor employee use of AI tools and improve security controls around AI activity. CrowdStrike’s existing Falcon platform gives it an advantage because customers can add AIDR using the same platform they already use for endpoint security.

The above-mentioned factors show that with rising enterprise AI adoption, AIDR could become an important contributor to CrowdStrike's future revenue growth. The Zacks Consensus Estimate for fiscal 2027 and 2028 revenues indicates a year-over-year increase of around 23.5% and 21.6%, respectively.

How Competitors Fare Against CRWDCompetitors like Palo Alto Networks (PANW - Free Report) and SentinelOne (S - Free Report) are also gaining ground through platform expansion and AI innovation.

In the third quarter of fiscal 2026, Palo Alto Networks saw robust growth in its Next-Gen Security ARR, which increased 60% year over year. The growth was driven by increased customer adoption of PANW’s advanced cybersecurity offerings, including its AI-driven XSIAM platform, SASE and software firewalls.

Though comparatively a small competitor, SentinelOne posted first-quarter fiscal 2027 year-over-year growth of 23% in its ARR. The growth was fueled by the rising adoption of SentinelOne’s AI-first Singularity platform and Purple AI.

CRWD’s Price Performance, Valuation and EstimatesShares of CrowdStrike have jumped 42.8% in the year-to-date period compared with the Zacks Security industry’s return of 44.3%.

CRWD YTD Price Return Performance
Image Source: Zacks Investment Research

From a valuation standpoint, CrowdStrike trades at a forward price-to-sales ratio of 26.57, significantly higher than the industry’s average of 15.77. The Zacks Value Score of F also suggests that CRWD stock is overvalued.

CRWD Forward 12-Month P/S Ratio
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for CrowdStrike’s fiscal 2027 and 2028 earnings indicates year-over-year growth of 32.2% and 26.7%, respectively. The estimates for fiscal 2027 and 2028 have been revised upward by 8 cents and 9 cents, respectively, over the past 30 days.

Image Source: Zacks Investment Research

CrowdStrike currently carries a Zacks Rank #4 (Sell).

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

Key Takeaways FuelCell Energy is gaining attention as AI data centers drive demand for reliable on-site baseload power.FCEL's fiscal second-quarter pipeline reached 4 GW, with 89% of proposals tied to data centers.Contracted backlog fell 9.9% year over year, keeping revenue timing and order conversion in focus. FuelCell Energy (FCEL - Free Report) is increasingly trading around a larger market theme: AI infrastructure needs reliable on-site power faster than the grid can often deliver.

That gives FCEL a clearer growth story, but investors still need to separate theme exposure from execution. The opportunity is real, yet the company must convert proposals into contracts and revenue.

FuelCell Energy Taps the AI Power CrunchAI and high-density data centers are creating demand for continuous behind-the-meter baseload power. FCEL’s fiscal second-quarter pipeline reached 4 GW, up 267% sequentially, with about 89% of proposals tied to data centers.

Image Source: FuelCell Energy

The company is positioning its platform around time-to-power, modular scaling, direct current output and integrated cooling. Its technology is meant to help customers reduce dependence on constrained transmission infrastructure and address permitting friction in power-tight markets.

Bloom Energy (BE - Free Report) is also tied to this emerging theme, with on-site fuel-cell power marketed for data centers and mission-critical infrastructure. Its role in the same market reinforces how AI power demand is broadening investor attention beyond traditional utilities.

FCEL Joins the Shift to Standardized PowerFCEL’s standardized 12.5-MW FuelCell Energy Block is central to its data center push. The product combines 10 of the company’s 1.25-MW modules and is designed to reduce repeat engineering and permitting work.

That matters because large AI infrastructure buyers need repeatable deployment models. A standardized design may make bigger projects easier to plan and phase, improving the commercial appeal of FCEL’s systems in grid-constrained markets.

FuelCell Energy Extends Beyond Baseload PowerFCEL’s trend story is not limited to data centers. Its carbonate platform can support distributed generation, cooling, biogas use, hydrogen production and carbon capture, giving the company optionality in industrial decarbonization.

The company’s carbon capture modules headed to Rotterdam for ExxonMobil expand that optionality. The Rotterdam pilot is expected to test technology that captures carbon while producing power and hydrogen, potentially opening another industrial market if the demonstration succeeds.

Image Source: FuelCell Energy

Plug Power (PLUG - Free Report) offers another example of how hydrogen and fuel-cell companies are pursuing data center and critical-power applications. Plug markets fuel-cell backup power for data centers as a scalable, zero-emission alternative to traditional combustion generators.

FCEL Must Prove Demand Can Become RevenueThe biggest issue is conversion. FCEL’s pipeline is heavily weighted toward proposals and commercial discussions rather than signed contracts, which keeps revenue timing difficult to predict.

Backlog also sends a cautionary signal. Contracted backlog fell 9.9% year over year to $1.14 billion as of April 30, 2026, and product backlog declined sharply as revenue burn-off was not fully offset by new orders.

Large infrastructure deals can take time to close, especially in data centers. Strong exposure to AI power demand does not remove the risk that orders arrive later than expected or fail to convert.

FuelCell Energy Scores Fit a Trend TradeThe bottom line is that FCEL fits the profile of a trend-driven idea. AI power demand, modular on-site generation and carbon capture optionality give the stock a compelling narrative, but the company still needs stronger proof in backlog, revenue and profitability.

FCEL carries a Zacks Rank #2 (Buy), which points to a favorable near-term earnings-estimate backdrop. Its Growth Score of B also fits a company exposed to a developing demand theme.

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

However, the Style Scores are mixed, with a Value Score of F, Momentum Score of D and VGM Score of D. That combination suggests FCEL may appeal to patient, risk-tolerant investors, but it is not screening as a broadly strong stock across value, momentum and blended style factors.

Key Takeaways Cigna is broadening its business with pharmacy services, specialty care and AI-driven solutions.CI raised its 2026 adjusted EPS outlook and is reshaping its portfolio toward higher-growth areas.Evernorth is fueling growth with pharmacy benefits, specialty pharmacy and care services. If you still think of The Cigna Group (CI - Free Report) as just a traditional health insurer, it may be time for a second look. The company is steadily expanding beyond insurance, building a broader healthcare platform centered on pharmacy services, specialty care and AI-powered solutions. The strategy is beginning to deliver results.

Evernorth, Cigna's health services business, is driving much of the company's transformation. Its pharmacy benefits, specialty pharmacy and care services businesses are helping deliver more affordable, personalized care. In the first quarter of 2026, Evernorth's adjusted revenues grew 9% year over year to $58.4 billion.

Technology is becoming another key growth driver. Cigna is using AI and advanced analytics to streamline prescriptions, identify high-risk patients earlier and improve customer engagement. Its rebate-free Signature pharmacy model aims to lower out-of-pocket drug costs, while AI helps simplify the pharmacy experience.

Cigna is also reshaping its portfolio. Investments in CarepathRx and Shields Health Solutions have strengthened its specialty pharmacy business. It also plans to exit the individual exchange business and is reviewing strategic alternatives for eviCore. These moves should help management direct more resources toward its higher-growth businesses.

Management's confidence in the strategy is growing. Following a strong first quarter, Cigna raised its 2026 adjusted EPS outlook by 10 cents to at least $30.35 per share. Cigna's push beyond traditional health insurance is still unfolding, but its growing focus on AI, specialty pharmacy and healthcare services is opening new avenues for long-term growth.

How Are Cigna's Peers Positioned?Cigna isn't alone in this shift. Peers in the Medical space, like UnitedHealth Group Incorporated (UNH - Free Report) and CVS Health Corporation (CVS - Free Report) are also investing in technology-enabled healthcare services, making innovation a key differentiator across the industry.

UnitedHealth is pursuing a similar strategy through Optum, which combines pharmacy services, care delivery and technology. Growth in Optum Rx and commercial fee-based membership supported previous quarter’s results. UNH is also expanding its AI and analytics capabilities while rolling out a transparent, fee-based pharmacy care model.

CVS Health is also broadening its healthcare platform through pharmacy services, digital innovation and care delivery. CVS continues to expand AI-powered member engagement and digital onboarding at Aetna while strengthening CVS Caremark and its Health Care Delivery business.

Cigna’s Price Performance, Valuation & EstimatesShares of Cigna have risen 1.6% year to date compared with the industry’s 22.8%. growth

Image Source: Zacks Investment Research

From a valuation standpoint, Cigna trades at a forward price-to-earnings ratio of 8.78X compared with the industry average of 17.75X. CI carries a Value Score of C.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Cigna’s 2026 earnings is pegged at $30.39 per share, implying a 1.8% increase from the year-ago period’s level.

Image Source: Zacks Investment Research

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

A month has gone by since the last earnings report for Zscaler (ZS - Free Report) . Shares have added about 0.7% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Zscaler due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Zscaler, Inc. before we dive into how investors and analysts have reacted as of late.

Zscaler Q3 Earnings Surpass Estimates, Revenues Increase Y/YZscaler posted third-quarter fiscal 2026 non-GAAP earnings of $1.08 per share, up 28.6% year over year. The figure beat the Zacks Consensus Estimate of $1.00 by 8%.

Zscaler’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 8.4%.

Revenues rose 25% year over year to $850.4 million, topping the Zacks Consensus Estimate of $834 million by 1.88% and exceeding management’s guidance of $834-$836 million. The quarter reflected continued demand for the company’s Zero Trust platform, supported by expanding customer commitments.

Zscaler’s Q3 in DetailZscaler’s third-quarter momentum was broad-based geographically. The Americas represented 56% of revenues in the quarter, up approximately 31% year over year, and delivered the strongest growth rate among regions. EMEA accounted for 28% of revenues, up approximately 16%, while Asia Pacific and Japan contributed 16%, rising about 23%.

The company also noted that roughly 46% of its remaining performance obligation was classified as current, underscoring near-term visibility tied to committed, non-cancelable future revenues.

Remaining Performance Obligations (“RPO”), representing Zscaler’s committed non-cancelable future revenues, were $6.5 billion as of April 30, which increased 30% year over year. Current RPO accounted for 46% of the total revenues.

Enterprise traction continued to reflect in the customer mix. Zscaler ended the quarter with 748 customers generating more than $1 million of ARR, an 18% year-over-year increase. Customers generating more than $100,000 of ARR reached 4,003, up 19% from the prior-year period. Total ARR increased 25% year over year to $3.5 billion.

The company mentioned that newer offerings delivered just over 30% of new ACV in the quarter, and the ARR tied to those offerings more than doubled from the year-ago period, supporting broader platform adoption. Management highlighted record $1 million-plus new ACV deals in the quarter, pointing to continued success in securing larger, multi-year engagements and expanding relationships across its Zero Trust Exchange offerings.

Profitability improved as operating discipline offset investment needs. Non-GAAP gross margin was 80.7% compared with 80.3% a year ago, reflecting the company’s high-margin subscription model.

Non-GAAP operating income increased 34% year over year to $195.8 million. The non-GAAP operating margin expanded 140 basis points to 23%, with management citing leverage in sales and marketing as a key contributor.

Zscaler’s Balance Sheet & Cash FlowAs of April 30, 2026, Zscaler had $3.5 billion in cash, cash equivalents and short-term investments compared with $3.5 billion as of Jan. 31, 2026, and $1.7 billion of debt. Management also pointed to higher capital expenditures as a factor in its updated cash flow outlook.

The company generated operating and free cash flows of $198 million and $136 million, respectively, during the fiscal third quarter.

Zscaler's Guidance for FY26For the fourth quarter of fiscal 2026, Zscaler expects revenues of $875-$878 million.

Non-GAAP earnings per share are projected between $1.08 and $1.09.

For fiscal 2026, management forecasts its revenue outlook in the range of $3.3295 billion to $3.3325 billion, reflecting year-over-year growth of 24.6% to 24.7%.

Non-GAAP earnings per share for fiscal 2026 are expected in the band of $4.10-$4.11. 

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in estimates revision.

The consensus estimate has shifted 531.25% due to these changes.

VGM ScoresCurrently, Zscaler has a average Growth Score of C, a score with the same score on the momentum front. However, the stock has a score of F on the value side, putting it in the fifth quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, Zscaler has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

NUEVA YORK Y DENVER, June 25, 2026 (GLOBE NEWSWIRE) -- Total Wireless, proveedor de servicios inalámbricos de rápido crecimiento y sin contrato, impulsado por la red 5G de Verizon. Hoy, anunció una asociación oficial con Western Union para ofrecer, por primera vez en la industria, un beneficio de transferencias de dinero para sus clientes moviles. A partir de hoy, los clientes con los planes Total Wireless MAX 5G BYO, MAX 5G y ALL ACCESS recibirán una transferencia de dinero mensual sin costo. Con la posibilidad de enviar fondos a más de 200 países y territorios a través de la red global de Western Union, los clientes pueden mantenerse conectados de más de una manera.

Esta asociación establece un hito en la industria. Total Wireless es hoy el único proveedor inalámbrico en Estados Unidos que ofrece una transferencia de dinero mensual como parte de sus planes. El beneficio cubre la tarifa de la transacción, brindando valor real a la base de clientes de ambas marcas. Es también un nuevo capítulo para las telecomunicaciones, construido en torno a las realidades financieras de las comunidades que históricamente han sido desatendidas.

Diseñado para la manera en que los clientes se mantienen conectados
Millones de personas en los Estados Unidos envían dinero al exterior cada año, con un promedio de más de 12 transacciones anuales. Con Total Wireless, las familias ahorran en comisiones de transferencia para que cada dólar llegue más lejos.

Para millones de familias, enviar dinero a casa es una de las formas más profundas de cuidar a los suyos. Total Wireless fue creado para ofrecer conectividad de primer nivel con beneficios que reflejan cómo sus clientes viven y se apoyan entre sí.

"Total Wireless fue creado con la convicción de que un buen plan inalámbrico debe hacer más por sus clientes", dijo David Kim, presidente de Verizon Value. "Incorporar una transferencia de dinero de Western Union en nuestros planes refleja algo en lo que creemos profundamente: nadie debería tener que elegir entre estar conectado y cuidar a los suyos. Estamos orgullosos de ser los primeros en construir pensando en eso".

Cómo funciona
Para los clientes con los planes Total Wireless MAX 5G BYO, MAX 5G y ALL ACCESS, la posibilidad de enviar dinero a casa está integrada directamente en su plan. Estos planes van desde $25 al mes (MAX 5G BYO para clientes que traen su propio dispositivo) hasta $60 al mes (ALL ACCESS) con pago automático. Cada uno incluye funciones de primer nivel como datos 5G ilimitados, hotspot ilimitado y llamadas y mensajes de texto internacionales ilimitados a más de 200 países. Todo esto con una garantía de precio de cinco años que incluye impuestos y cargos.

El beneficio de Western Union ofrece una razón más para elegir un plan diseñado para mantenerse conectado con las personas que más importan:

Una transferencia de dinero mensual gratuita, sin cargo: sin comisión de transacción disponible de forma integrada como parte de los planes premium seleccionados.Fácil acceso: disponible en línea en westernunion.com o a través de la aplicación de Western Union.Alcance global: envía dinero a familiares y amigos en más de 200 países y territorios.Red de confianza: más de 360,000 ubicaciones de pago de Western Union, con entrega a cuentas bancarias, billeteras digitales y tarjetas, garantizan una entrega rápida y confiable a destinatarios en todo el mundo. "Sabemos lo mucho que significa enviar dinero a casa. Diseñamos estos planes para asegurarnos de que, al menos una vez al mes, corra por nuestra cuenta", dijo Kim.

Alianza con Western Union
La alianza va más allá del beneficio del plan, uniendo a dos marcas que sirven a comunidades que dependen de una conectividad asequible con sus seres queridos a través de las fronteras. Western Union co-promocionará Total Wireless a través de sus propios canales de comunicación con los clientes, incluyendo la aplicación de Western Union, comunicaciones por correo electrónico, redes sociales y pantallas digitales en tiendas.

"Durante generaciones, Western Union ha ayudado a las personas a mover dinero a través de las fronteras porque entendemos lo que representa cada transferencia: no solo dólares, sino nuestra misión de hacer que los servicios financieros sean accesibles para todos", dijo Jesse Mory, vicepresidente sénior de Alianzas Estratégicas de Western Union. "Al asociarnos con Total Wireless, facilitamos que los clientes apoyen a quienes dependen de ellos, convirtiendo un plan inalámbrico de todos los días en una forma más significativa de mantenerse conectados, cuidar a sus seres queridos y mover dinero con confianza".

Acerca de Total Wireless
Total Wireless es un proveedor inalámbrico de rápido crecimiento, sin contrato, respaldado por la red 5G de Verizon, con 2,000 tiendas exclusivas en todo el país. Con la misión de elevar el estándar en telefonía prepagada, Total Wireless ofrece más valor que cualquier otro proveedor sin contrato, con planes que incluyen datos ilimitados y acceso a la red Verizon 5G Ultra-Wideband, precios garantizados por cinco años (impuestos y cargos incluidos), teléfonos 5G gratuitos seleccionados con planes de compra calificados, y más. Una marca comprometida con la comunidad, Total Wireless se enorgullece de apoyar vecindarios en todo el país a través de su programa Total Spark, que otorga subvenciones a organizaciones sin fines de lucro locales para apoyar a estudiantes trabajadores. Total Wireless es parte del portafolio de marcas prepagadas de Verizon Value, que incluye Straight Talk, Visible, Tracfone, Simple Mobile, SafeLink, Walmart Family Mobile y Verizon Prepaid.

Contactos de medios de Total Wireless:
Alison Hemmings [email protected]
Lindsey Cohen [email protected]

Acerca de Western Union
The Western Union Company (NYSE: WU) está comprometida a ayudar a personas en todo el mundo que aspiran a construir un futuro financiero para sí mismas, sus seres queridos y sus comunidades. Nuestros servicios líderes de transferencia de dinero transfronteriza y entre divisas, pagos y servicios financieros digitales empoderan a consumidores, empresas, instituciones financieras y gobiernos en más de 200 países y territorios y en casi 130 monedas, para conectarse con miles de millones de cuentas bancarias, millones de billeteras digitales y tarjetas, y una red global de cientos de miles de puntos de venta minoristas. Nuestro objetivo es ofrecer servicios financieros accesibles que ayuden a las personas y comunidades a prosperar. Para más información, visita www.westernunion.com.

Contacto de medios de Western Union: [email protected]

Una foto asociada con este comunicado de prensa está disponible en: https://www.globenewswire.com/NewsRoom/AttachmentNg/d06fdb7b-5b04-4d42-bdc5-d107e17c006b/es

Total Wireless se convierte en el primer operador de EE. UU. en incluir transferencias de dinero de ... Total Wireless se convierte en el primer operador de EE. UU. en incluir transferencias de dinero de ...

Key Takeaways CDW posted 9% higher Q1 2026 net sales as AI infrastructure investments boosted hardware demand.CDW's full-stack model supports AI deployment through hardware, software and integration services.CDW expanded AI capabilities with GPU-as-a-service access and internal AI productivity initiatives. CDW Corporation (CDW - Free Report) is benefiting from growing demand for AI infrastructure as organizations move beyond experimentation and begin deploying AI in production environments. In the first quarter of 2026, the company delivered strong results driven by AI-related investments and ongoing infrastructure modernization. Customers across industries increased spending on networking, storage, servers, power and cooling solutions as they worked to support AI workloads and address supply constraints.

This demand contributed to a 9% year-over-year increase in net sales, with infrastructure hardware emerging as a major growth driver. CDW also reported strong software demand, particularly for platforms focused on AI readiness, productivity, collaboration and security.

The company believes the shift from AI exploration to large-scale implementation plays directly to its strengths. As organizations deploy AI, they face increasing challenges related to infrastructure design, data management, security, governance and operational execution. CDW’s full-stack model, which combines hardware, software, advisory services and implementation expertise, enables customers to build and manage AI environments more effectively. Management highlighted that AI adoption is driving demand not only for compute resources but also for services that help customers integrate AI into existing technology environments and achieve measurable business outcomes.

CDW is expanding its AI capabilities through internal initiatives and strategic partnerships. The company continues to embed AI across its operations through programs aimed at improving productivity, sales effectiveness and operational efficiency. In addition, CDW recently established a relationship that provides customers access to high-performance AI infrastructure through a flexible GPU-as-a-service model, helping address growing demand for accelerated computing resources. Management stated that AI is increasing wallet share opportunities while also attracting new customers that require broader technology integration capabilities.

CDW expects AI-related investments to remain an important growth catalyst throughout 2026. While management remains cautious about macroeconomic uncertainty and supply-chain dynamics, it continues to expect market outperformance and sees rising demand for AI infrastructure, integration and execution services strengthening the company’s long-term growth opportunity. As AI adoption expands across industries, CDW appears well-positioned to benefit from customers’ increasing need for scalable, end-to-end technology solutions.

Taking a Look at CDW’s CompetitorsVertiv Holdings Co (VRT - Free Report) remains leveraged to rising data center power and thermal needs as AI deployments drive higher infrastructure density and faster build cycles. In first-quarter 2026, the company showed continued demand and execution, with organic sales growth led by the Americas and higher profitability supported by productivity and price-cost. Management raised 2026 guidance and is investing in capacity, services and engineering, while acquisitions extend capabilities in liquid cooling and heat rejection. A strengthened balance sheet following investment-grade ratings and refinancing supports this investment cycle. For the second quarter of 2026, Vertiv expects net sales of $3.25 billion to $3.45 billion (20% to 24% year-over-year growth).

ServiceNow, Inc. (NOW - Free Report) is embedding AI, data connectivity, workflow execution, security and governance into its commercial tiers, with Context Engine grounding AI decisions in live enterprise context. The company is expanding agentic capabilities through offerings such as Autonomous Workforce and Build Agent Skills, which allow developers to deploy custom agents directly onto the platform with built-in controls. Management continues to frame ServiceNow as an AI control tower addressing a total addressable market above $600 billion, supporting a multi-year opportunity across IT, employee, CRM and security workflows. Now Assist demand remains a key driver, with management stating it is on track to exceed the 2026 target of $1 billion in ACV.

CDW Price Performance, Valuation and EstimatesShares of CDW have gained 8% in the past three months against the Computers - IT Services industry’s decline of 8.9%.

Image Source: Zacks Investment Research

Valuation-wise, CDW seems attractive, as suggested by the Value Score of B. CDW trades at a forward 12-month price-to-earnings (P/E) ratio of 12.31, below the industry’s 16.51.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for CDW’s earnings for 2026 has been revised marginally upward over the past 60 days.

Image Source: Zacks Investment Research

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

Key Takeaways Jabil raised fiscal 2026 AI-related revenue outlook to about $13.6 billion on strong AI demand.JBL added a third hyperscale customer, expanding its AI infrastructure manufacturing opportunities.Jabil is expanding capacity, automation and connected factories to support growing AI production. Artificial intelligence is reshaping global manufacturing as cloud providers and technology companies invest heavily in next-generation computing infrastructure. Jabil, Inc. (JBL - Free Report) is positioning itself to capitalize on that trend by expanding its manufacturing capabilities, strengthening customer relationships and increasing automation across its global operations. While AI infrastructure has become the company’s fastest-growing business, its diversified manufacturing platform provides additional opportunities to benefit from several long-term industrial trends.

How JBL Is Scaling AI ManufacturingAI infrastructure has become Jabil’s largest growth driver, supported by rising demand from hyperscale customers and cloud service providers. The company has steadily expanded its capabilities across the AI hardware ecosystem, including compute, storage, networking, optics, power, cooling and rack integration.

Management recently raised its fiscal 2026 AI-related revenue outlook to approximately $13.6 billion, reflecting continued strength in cloud and data center infrastructure programs. Jabil also added a third hyperscale customer during the latest quarter, further expanding its addressable market and reinforcing its position as a strategic manufacturing partner for next-generation AI deployments.

The company’s exposure extends beyond servers alone, providing manufacturing support for networking equipment, capital equipment and warehouse automation systems that increasingly rely on AI-enabled technologies.

Jabil Builds Capacity for Future DemandMeeting growing AI demand requires significant manufacturing scale. Jabil continues expanding production capacity in North Carolina, Memphis, India and other strategic locations while maintaining its asset-light business model.

The company is investing in connected factories, automation technologies and operational improvements designed to increase productivity and support customer production ramps. At the same time, disciplined capital spending and efficient working capital management are helping improve returns while supporting long-term manufacturing flexibility.

These investments should allow Jabil to scale production efficiently as customer demand continues increasing across AI infrastructure and other higher-growth markets.

Why JBL Is Expanding Global PartnershipsJabil’s expanding relationships with hyperscale customers represent an important competitive advantage. Management noted that the company recently secured a third hyperscale customer and expects the relationship to broaden over time by leveraging expertise across multiple AI infrastructure technologies.

Beyond hyperscale deployments, Jabil continues supporting customers developing advanced networking, cloud infrastructure and automation solutions. These long-term collaborations deepen customer relationships while creating additional opportunities to expand manufacturing programs as new technologies move into commercial production.

Peers such as Celestica, Inc. (CLS - Free Report) and Flex, Ltd. (FLEX - Free Report) are also investing to capture AI infrastructure demand, underscoring the industry’s growing focus on advanced manufacturing capabilities for data center and networking applications.

Jabil Balances Growth With Execution RisksAlthough the long-term opportunity remains attractive, investors should continue monitoring execution risks. Customer concentration remains an important consideration, while geopolitical uncertainty and global trade dynamics could affect manufacturing operations and supply chains.

Demand also remains uneven across some end markets. Management continues to exercise caution regarding automotive demand despite recent improvement, and Connected Living continues to reflect a mixed consumer environment. Competitive pressures within the electronic manufacturing services industry and the possibility of customers bringing production in-house also remain ongoing challenges.

How JBL Technical Signals Complement the TrendJabil currently carries a Zacks Rank #2 (Buy), supported by a Momentum Score of A, Growth Score of B and VGM Score of A. Those indicators align with the company’s favorable earnings momentum and expanding participation in several long-term manufacturing trends, particularly AI infrastructure. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

At the same time, the stock’s Value Score of C reminds investors that valuation remains an important consideration following its strong share price appreciation. While AI-related demand continues creating meaningful growth opportunities, sustained execution and disciplined capital allocation will remain essential to supporting the company’s long-term investment case.

Key Takeaways Vishay posted 2.7% sequential automotive revenue growth in Q1 2026, led by Americas and Europe demand.VSH is gaining share through multi-source design wins as OEMs diversify semiconductor suppliers.Vishay is expanding across EV drivetrains, ADAS, battery systems and smart cockpit technologies. Vishay Intertechnology (VSH - Free Report) appears to be steadily strengthening its competitive position in the automotive semiconductor market as accelerating electrification trends create new long-term growth opportunities.

In the first quarter of 2026, the company reported automotive sequential revenue growth of 2.7%, driven primarily by solid OEM demand in the Americas and Europe. However, softer conditions in Asia, caused by Lunar New Year disruptions and tariff-related production shifts, partially offset the growth.

Management emphasized that rising electronic content per vehicle, alongside expanding hybrid and EV production programs, is supporting consistent automotive demand. It confirmed that the company is actively benefiting from share gains through multi-source design wins, particularly as automotive OEMs seek supply diversification.

Vishay disclosed that it has become the leading resistor supplier for multiple OEMs launching new EV platforms. This positions VSH to benefit from the ramp-up in annual vehicle production volumes, with peak production expected in 2028. This significantly improves long-term revenue visibility while strengthening customer relationships.

The company is also expanding its role in high-growth automotive electronics categories. Management highlighted strong design activity across hybrid and EV drivetrains, ADAS (advanced driver-assistance systems), battery management systems, electronic power steering and smart cockpit technologies. All these categories are critical and semiconductor-intensive applications, which are expected to grow faster than overall vehicle production.

Strategically, the company’s Vishay 3.0 transformation strategy, centered on capacity expansion, customer proximity and increased engineering support, is helping it win new automotive programs.

As EV adoption accelerates globally and automakers prioritize supplier diversification, Vishay appears increasingly well positioned to capture additional automotive share. This suggests that the sector could become one of its most durable long-term growth engines over the next several years.

Peer UpdatesTDK Corporation (TTDKY - Free Report) is steadily expanding market share by positioning itself at the center of high-growth technology markets, particularly AI infrastructure, automotive electronics, and industrial equipment. In fiscal 2026, sales rose 13.6% while operating profit jumped 21.5%, both reaching record highs.

The strong growth was supported by broad-based demand growth across passive components, sensors, and magnetic application products. TDK highlighted strong share gains in AI data center infrastructure, where demand for aluminum capacitors, film capacitors, inductors, and power solutions continues to accelerate. TTDKY expects its AI ecosystem business, already over 10% of sales, to grow 25% in fiscal 2027.

The growth is likely to be aided by aggressive capacity expansion, new semiconductor bonding materials, and stronger positioning in high-value HDD heads and HAMR storage technologies. TDK’s strategy of expanding through technologically differentiated products across automotive, industrial, and AI markets is strengthening its competitive moat and supporting sustained share gains globally.

ROHM Co., Ltd. (ROHCY - Free Report) is pursuing market share gains by strengthening its position in power semiconductors, silicon carbide (SiC) devices, and AI server power management solutions, despite ongoing pricing pressure in China. The company projects revenue growth of 6% and operating profit growth of 176% for the fiscal year ending March 2027, driven by accelerating demand across the automotive, industrial and data center markets.

ROHM’s biggest long-term opportunity remains SiC power devices, where management expects over 30% sales growth in fiscal 2026. The growth should be supported by expanding automotive inverter adoption and increasing sales to European and Japanese OEMs, reducing dependence on China.

Simultaneously, the company is aggressively targeting the AI server market, forecasting server-related sales growth from YEN 17 billion to YEN 25 billion in this fiscal year.

ROHCY will leverage its partnerships with NVIDIA, Delta and differentiated technologies, such as DrMOS, GaN, analog controllers and SiC-based power systems, to drive future growth. This broad technology portfolio is helping ROHM expand its share in next-generation power semiconductor markets.

VSH’s Price Performance, Valuation and EstimatesShares of VSH have skyrocketed 283.7% so far this year compared with the sector’s 15% growth.

Image Source: Zacks Investment Research

From a valuation standpoint, VSH trades at a forward price-to-earnings ratio of 49.08, below the industry average. It is higher than its five-year median of 12.51. Vishay carries a Value Score of D.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for VSH’s fiscal 2026 earnings implies a 1600% improvement from the year-ago period’s level.

Image Source: Zacks Investment Research

The stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Key Takeaways AXON's Dedrone offerings help agencies detect, track and minimize unauthorized drone threats.AXON launched Dedrone C2 with enhanced sensor fusion and mitigation management capabilities.AXON's Dedrone platform revenues grew about 300% year over year in Q1 2026. Axon Enterprise, Inc. (AXON - Free Report) is strengthening its foothold in the counter-drone space with the growing capabilities of its Dedrone offerings and Artificial Intelligence (AI)-powered command-and-control platform. Equipped with advanced radar, radio frequency (RF) and acoustic sensors, the company’s Dedrone offerings enable law enforcement agencies to locate, track and minimize the threat of unauthorized drones.

It’s worth noting that Axon acquired Dedrone, a global leader in airspace security, in October 2024. The inclusion of Dedrone’s advanced airspace technology boosted AXON's capability to enable customers to protect their communities against drone threats and improve response to critical incidents.

The company recently launched Dedrone C2, an upgraded version of the Dedrone platform. This C2 version comes with enhanced sensor fusion technology, offering stronger detection capabilities. It features an integrated mitigation management capability that offers public safety entities wider access to mitigation tools. Apart from this, Axon’s Dedrone C2 offers seamless integrations with several third-party sensors and effectors.

AXON has also been focusing on strategic collaborations with other companies to expand its counter-drone capabilities and customer base. Last year, Axon entered into a partnership with TYTAN (a leading provider of interceptor systems for Group 3 drones) to boost detection, identification and mitigation capabilities of counter-drone equipment.

The company is witnessing solid momentum in its Dedrone platform, which experienced robust revenue growth of about 300% year over year in first-quarter 2026. Given the rising global demand for Counter-Unmanned Aircraft Systems (CUAS), Axon is expected to witness strong demand for its Dedrone platform.

Performance of AXON's PeersAmong its major peers, Teledyne Technologies Incorporated’s (TDY - Free Report) Digital Imaging segment’s first-quarter 2026 revenues increased 7.9% year over year to $816.9 million. The jump was due to higher sales of infrared imaging detectors, components and subsystems and surveillance & unmanned air systems. Teledyne generated 52.4% of its total revenues from this segment in the quarter.

Its another peer, Woodward, Inc.’s (WWD - Free Report) Aerospace business segment reported net sales of $703 million in second-quarter fiscal 2026, up 25% year over year. Woodward generated 64.5% of its total sales from this segment in the quarter. The increase in revenues for Woodward’s segment is primarily attributable to broad-based strength across commercial services, commercial OEM and defense OEM.

AXON’s Price Performance, Valuation and EstimatesShares of Axon have gained 17.9% in the past month against the industry’s decline of 1%.

Image Source: Zacks Investment Research

From a valuation standpoint, AXON is trading at a forward price-to-earnings ratio of 48.92X, above the industry’s average of 46.37X. Axon carries a Value Score of F.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for AXON’s 2026 earnings has declined, while the same for 2027 has increased over the past 60 days.

Image Source: Zacks Investment Research

The company currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Key Takeaways RKT climbed 9.4% yesterday as the landmark housing bill has moved one step closer to becoming a law.PFSI could benefit from diversified production channels and a sizable mortgage servicing platform.LDI may see operating leverage if purchase mortgage demand boosts, though mortgage rates remain a key factor. A landmark bipartisan affordable housing bill has moved one step closer to becoming a law after the U.S. House of Representatives overwhelmingly approved the legislation and sent it to President Donald Trump for final approval. This has put the spotlight back on the housing market. While home builders may be the most direct beneficiaries, the mortgage finance industry could also see meaningful second-order benefits if the bill helps unlock housing supply and stimulate transaction volumes.

This makes mortgage-focused stocks such as Rocket Companies (RKT - Free Report) , PennyMac Financial Services (PFSI - Free Report) and loanDepot (LDI - Free Report) worth watching. Shares of RKT jumped 9.4% yesterday, while PFSI and LDI gained 3.9% and 5.3%, respectively.

A Closer Look at the Housing Reform BillThe U.S. housing market has faced a persistent shortage of affordable homes for more than a decade. High mortgage rates, rising construction costs, restrictive zoning rules and lengthy permitting processes have made homeownership increasingly difficult.

The 21st Century ROAD to Housing Act is a bipartisan housing reform package designed to boost housing supply, improve affordability, modernize federal housing programs and expand access to homeownership.

It focuses on removing barriers that slow residential construction, encouraging local zoning and land-use reforms, expanding financing for affordable housing and supporting manufactured and modular housing. It also seeks to update long-standing programs such as the HOME Investment Partnerships Program and provide communities with new tools to plan and build more homes. Another key provision aims to curb large institutional investors and private equity firms from buying single-family homes, a trend that has raised concerns about reduced affordability for individual buyers.

RKT, PFSI & LDI: How Mortgage Stocks Could BenefitMortgage companies generate revenues from several key areas, including loan originations, mortgage servicing rights, refinancing activity and related home-financing services. When housing transactions rise, lenders typically benefit from higher application volumes, stronger purchase mortgage demand and improved fee income.

If the proposed housing bill succeeds in increasing housing inventory, improving affordability and encouraging more home purchases, mortgage-focused companies such as Rocket Companies, PennyMac Financial Services and loanDepot could see a meaningful improvement in their financials.

Rocket Companies could be one of the more visible beneficiaries due to its scale, strong consumer brand and digital-first mortgage platform. The company has invested heavily in technology, automation and customer acquisition, which may allow it to capture demand efficiently if homebuying activity improves.

PennyMac Financial Services appears comparatively well-positioned because of its diversified mortgage production channels, strong correspondent lending business and sizable servicing platform. Its servicing operations can provide more stable revenues during periods of origination weakness, while its production business could benefit if purchase activity accelerates. This balanced model may give PennyMac Financial Services more resilience than lenders that rely more heavily on direct-to-consumer originations.

loanDepot, meanwhile, may offer higher upside potential if mortgage volumes rebound. Because the company has been more pressured by weak origination activity, any recovery in purchase demand could create operating leverage and improve profitability.

Still, interest rates remain the key variable for the mortgage stocks. A housing bill may help address supply constraints, but mortgage demand will likely need lower borrowing costs, stable home prices and stronger consumer confidence to recover meaningfully. If rates remain elevated, the benefit from increased housing supply could be limited.

Final Words on Housing Bill ReformThe housing bill should be viewed as a potential structural tailwind rather than an immediate earnings catalyst for mortgage stocks. Its impact will depend on whether housing supply improves meaningfully and whether rate conditions become more favorable.

Overall, the legislation could help set the stage for a gradual recovery in mortgage activity. For investors, RKT, PFSI and LDI remain important stocks to watch as the housing market moves from rate-driven weakness toward possible supply-supported normalization.

June 25, 2026 08:00 ET  | Source: Apollo Global Management, Inc.

NEW YORK, June 25, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) plans to release financial results for the second quarter 2026 on Tuesday, August 4, 2026, before the opening of trading on the New York Stock Exchange. Management will review Apollo’s financial results at 8:30 am ET via public webcast available on Apollo’s Investor Relations website at ir.apollo.com. A replay will be available one hour after the event.

Apollo distributes its earnings releases via its website and email lists. Those interested in receiving firm updates by email can sign up for them here.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2026, Apollo had approximately $1.03 trillion of assets under management. To learn more, please visit www.apollo.com.

Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
[email protected]

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
[email protected]

Key Takeaways Petrobras and Finep will fund a R$150 million program to develop industrial-scale electrolyzer technology.PBR-backed project requires industry-research consortia and at least 50% domestic equipment value.Petrobras says the initiative supports Brazil's hydrogen value chain and clean-energy competitiveness. Petrobras (PBR - Free Report) has partnered with Finep to launch a R$150 million program aimed at accelerating the development of domestic electrolyzer technology and strengthening Brazil’s position in the low-carbon hydrogen economy, according to chemanalyst. The initiative will support the creation of industrial-scale electrolyzers designed to produce clean hydrogen, which is increasingly viewed as a critical input for reducing emissions in energy-intensive industries.

During the signing of a cooperation agreement between the two organizations, the declaration was made at Petrobras’ headquarters in Rio de Janeiro. The event underscored the strategic importance of hydrogen within Brazil’s industrial and environmental agenda, bringing together government officials, industry leaders and innovation stakeholders focused on advancing sustainable development.

Closing Brazil’s Electrolyzer Technology GapDespite its strong renewable energy base, Brazil’s electrolyzer manufacturing sector remains at an early stage of development. Only a small number of companies operate in this space and none currently produce electrolyzer stacks, the central component responsible for hydrogen generation through water electrolysis.

This technological gap has limited the development of a fully integrated domestic hydrogen value chain. The new Petrobras-Finep initiative is intended to address this challenge by encouraging local development of advanced electrolyzer systems. The goal is to strengthen domestic expertise, reduce dependence on imported technologies and improve Brazil’s competitiveness in the global clean-energy market.

Collaborative Structure and Innovation RequirementsThe program will be executed through a public call for proposals targeting a single large-scale strategic project. Selected participants must form collaborative consortia that combine industrial capabilities with scientific research, including at least three technology-focused companies and one Science and Technology Institution.

Projects may build on existing technological foundations but must demonstrate clear advancements over current international electrolyzer systems. Improvements in efficiency, performance or cost-effectiveness will be key evaluation criteria. In addition, at least 50% of the value of the equipment developed must originate domestically, reinforcing Brazil’s industrial base.

Full Funding for End-to-End DevelopmentThe initiative will be financed with R$150 million in non-repayable funding, split equally between Petrobras and Finep, with additional contributions expected from participating companies.

The selected project will cover the full development cycle, including engineering design, component development, system integration, testing and the construction of a pre-commercial prototype. This end-to-end structure is intended to ensure that laboratory innovations progress toward real-world industrial applications.

Expanding Demand for Low-Carbon HydrogenHydrogen produced via electrolysis is gaining momentum as industries seek cleaner alternatives to fossil-fuel-based production methods. When powered by renewable electricity, it offers a significantly lower-carbon pathway for hydrogen generation.

In the steel industry, hydrogen can replace carbon-intensive inputs used in production processes, helping reduce emissions. The refining sector, which relies heavily on hydrogen for operational processes, stands to benefit from cleaner supply options without major disruptions. Chemical producers, which use hydrogen as a key feedstock for products such as ammonia and methanol, also represent a major area of demand for low-carbon hydrogen solutions.

Strengthening Brazil’s Innovation EcosystemBeyond its industrial goals, the initiative is expected to strengthen Brazil’s broader innovation ecosystem. By requiring collaboration between companies and research institutions, it promotes knowledge transfer and encourages the commercialization of scientific research.

It is also expected to increase demand for highly skilled professionals in areas such as advanced engineering, materials science, automation, energy systems and industrial design, contributing to the development of a more advanced industrial workforce.

Long-Term Impact on the Chemical SectorThe development of domestic electrolyzer technology could have important implications for Brazil’s chemical industry. As production costs decline and technology matures, low-carbon hydrogen may become more widely available for industrial use.

This could improve the economics of sustainable chemical production, reduce emissions across supply chains and encourage investment in new facilities designed around cleaner feedstocks such as hydrogen-based processes.

Alignment With Brazil’s Energy Transition StrategyThe initiative aligns with broader national efforts to expand industrial capabilities and accelerate the energy transition. Petrobras has committed approximately $4 billion to research, development and innovation under its 2026-2030 business plan, while Finep has invested more than R$12.5 billion in green transition projects between 2023 and 2025.

These investments reflect a long-term strategy focused on building domestic technological capacity and positioning Brazil as a competitive player in emerging clean-energy markets.

ConclusionOverall, the R$150 million Petrobras-Finep electrolyzer program represents a significant step toward closing key technological gaps in Brazil’s hydrogen sector. By fostering collaboration, supporting domestic manufacturing and advancing industrial-scale innovation, the initiative positions the country to play a more active role in the global low-carbon hydrogen value chain while laying the foundation for a more competitive and sustainable industrial future.

PBR's Zacks Rank & Key PicksCurrently, PBR has a Zacks Rank #3 (Hold).

Investors interested in the energy sector might look at some better-ranked stocks like Delek US Holdings (DK - Free Report) and Crescent Energy Company (CRGY - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) and Phillips 66 (PSX - Free Report) , carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Delek US is valued at $2.66 billion. It is a U.S.-based downstream energy company that focuses on refining crude oil and distributing petroleum products. Headquartered in Brentwood, TN, Delek US Holdings operates through two main segments: refining and logistics.

Crescent Energy Company is valued at $3.47 billion. It is an independent U.S. energy company engaged in the acquisition, exploration, development and production of crude oil, natural gas, and natural gas liquids. Crescent Energy operates primarily in the Eagle Ford, Permian and Uinta basins.

Phillips 66 is valued at $68.3 billion. It is a diversified energy company that refines crude oil, markets petroleum products, and operates midstream, chemicals, and renewable fuels businesses. Phillips 66 operates across the United States and internationally.

, /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that, subject to market and other conditions, it is offering $500 million aggregate principal amount of its unsecured senior notes due 2029 (the "Notes") in a private offering.

The Company intends to allocate an amount equal to the net proceeds from the offering to finance or refinance, in whole or in part, recently completed or future eligible green and/or social projects. Net proceeds allocated to previously incurred costs associated with eligible green and/or social projects will be available for the repayment of indebtedness previously incurred. Pending full allocation of an amount equal to the net proceeds to eligible green and/or social projects, the Company intends to use the net proceeds, together with cash on hand, to fund its redemption of up to all of the Company's $500 million outstanding aggregate principal amount of 4.375% Senior Notes due 2027 or for general corporate purposes, including the repayment of outstanding indebtedness under the Company's repurchase facilities.

The Notes will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from the registration requirements of the Securities Act or any state securities laws.

This press release does not constitute a notice of redemption for the 4.375% Senior Notes due 2027. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Starwood Property Trust, Inc.

Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group, is a leading diversified finance company with a core focus on the real estate and infrastructure sectors. As of March 31, 2026, the Company has successfully deployed over $117 billion of capital since inception and manages a portfolio of over $31 billion across debt and equity investments. Starwood Property Trust's investment objective is to generate attractive and stable returns for shareholders, primarily through dividends, by leveraging a premiere global organization to identify and execute on the best risk adjusted returning investments across its target assets.

Forward-Looking Statements

Statements in this press release which are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including statements with respect to the anticipated offering and the use of proceeds. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained.  Factors that could cause actual results to differ materially from the Company's expectations include: (i) factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2025 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, including those set forth under the captions "Risk Factors", "Business", and "Management's Discussion and Analysis of Financial Condition and Results of Operations"; (ii) defaults by borrowers in paying debt service on outstanding indebtedness; (iii) impairment in the value of real estate property securing the Company's loans or in which the Company invests; (iv) availability of mortgage origination and acquisition opportunities acceptable to the Company; (v) potential mismatches in the timing of asset repayments and the maturity of the associated financing agreements; (vi) national and local economic and business conditions, including as a result of the impact of public health emergencies; (vii) the occurrence of certain geo-political events (such as wars, terrorist attacks and tensions between states, including global trade disputes related to tariffs) that affect the normal and peaceful course of international relations; (viii) general and local commercial and residential real estate property conditions; (ix) changes in federal government policies; (x) changes in federal, state and local governmental laws and regulations; (xi) increased competition from entities engaged in mortgage lending and securities investing activities; (xii) changes in interest rates; and (xiii) the availability of, and costs associated with, sources of liquidity.

Contact:

Starwood Property Trust
Phone: 203-422-7788
Email: [email protected]

SOURCE Starwood Property Trust, Inc.

A Tesla electric vehicle is parked at a Tesla dealership, after Tesla, Inc. released its financial results for the first quarter of 2025, in Berlin, Germany April 23, 2025. REUTERS/Annegret Hilse Purchase Licensing Rights, opens new tab

CompaniesJune 25 (Reuters) - Tesla (TSLA.O), opens new tab said on Thursday ​that production at its Berlin plant ‌will rise by 20% to 7,500 vehicles per week from ​October this year.

Tesla said ​the planned increase in production ⁠means it will recruit ​a further 1,000 employees.

Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here.

The ​company already announced a capacity increase at the plant company in April to meet higher ​demand for the Model ​Y.

In May, it said it would ‌increase ⁠its investment in battery cell production at the plant.

The three announcements mean that a total ​of ​3,500 ⁠additional jobs will be created in the ​short and medium term ​for ⁠vehicle and battery manufacturing at the plant, the company ⁠said.

Reporting ​by Christoph Steitz, ​writing by Linda Pasquini, editing by ​Thomas Seythal and Friederike Heine

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Nvidia (NASDAQ: NVDA) is paying its first boosted dividend tomorrow, June 26, 2026, marking the commencement of its new share buyback strategy announced in March.

As part of the new program, the chipmaker plans to deploy 50% of its free cash flow toward stock buybacks and dividends this year as it restarts manufacturing tied to the new orders.

Prior to the hike, 100 shares earned only a symbolic sum – $1 per quarter at the old $0.01 rate, to be precise. Now, the same investment nets $25 per quarter, or $100 annually if the new payout is maintained.

As such, tomorrow’s Nvidia stock dividend represents an increase of no less than 2,400% from the previous one issued in April, according to DivvyDiary data.

Nvidia dividends calendar. Source: DivvyDiary A new milestone in Nvidia dividend history For context, with 24.22 billion Nvidia shares outstanding as of press time, more or less $6.055 billion will be distributed to shareholders.

These new initiatives put Nvidia more in line with the broader industry, as, for example, Meta (NASDAQ: META) is reportedly planning between $115 billion and $135 billion in capital expenditures as well.

The last time management increased the payout was in June 2024, when they lifted it from $0.004 to $0.01. Currently, the chipmaker offers an annual payout of $0.28 per share, which is a dividend yield of 0.14% (verseus the industry average of 1.37%).

One day, before the historic Nvidia dividend payout date, the shares are up 1.2% in-premarket,  the optimism generated by both tomorrow’s shareholder reward and a broader rally in global chip shares following Micron’s (NASDAQ:MU) strongest quarter on record. 

Featured image via Shutterstock

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Key Takeaways Dow will invest about $100 million through 2027 to expand specialty silicones manufacturing.LSR expansions in Kentucky and China are set for 2027 to support rising demand and resilience.New electronics materials capacity in China and Japan comes online this year, with more due in 2027. Dow Inc. (DOW - Free Report) has announced a series of targeted investments totaling approximately $100 million through 2027 to strengthen its global specialty silicones manufacturing and innovation. The initiative aims to support rising demand in fast-growing sectors such as mobility, electronics, and healthcare while enhancing supply chain resilience globally.

The investment plan includes expanding liquid silicone rubber (LSR) production facilities in Carrollton, KY, and Zhangjiagang, China, with operations expected to begin in 2027. Dow is also increasing capacity for engineered silicone materials used in advanced electronics applications such as semiconductor packaging, thermal and electrical protection. New expansions in Songjiang, China, and Fukui, Japan, are scheduled to come online this year, while additional projects in Auburn, MI, and Zhangjiagang are planned for 2027.

To support customer innovation, Dow has expanded its Cooling Science Labs in Shanghai and Midland, MI. These facilities will support the development of next-generation thermal management technologies.

This initiative will complete the silicones investment series first disclosed during Dow’s 2024 Investor Day. As the world’s largest integrated silicones producer, Dow continues to position itself to meet growing global demand through strategic manufacturing expansion and customer-focused innovation.

DOW shares have gained 8.3% over the past year compared with the industry’s 2.3% growth.

Image Source: Zacks Investment Research

DOW’s Zacks Rank & Key Picks

DOW currently sports a Zacks Rank #1 (Strong Buy).

Some other top-ranked stocks in the Basic Materials space are Nucor Corporation (NUE - Free Report) , Newmont Corporation (NEM - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) .

While NUE and NEM sport a Zacks Rank #1 each at present, ASM carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for NUE’s 2026 earnings is pinned at $16.34 per share, indicating a 111.93% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed the remaining two, with an average surprise of 8.10%. NUE’s shares have jumped 84.2% over the past year.

The Zacks Consensus Estimate for NEM’s 2026 earnings is pegged at $9.91 per share, indicating a rise of 43.83% year over year. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters. NEM’sshares have gained 58.8% over the past year.

The Zacks Consensus Estimate for ASM’s current fiscal-year earnings is pinned at 34 cents per share, indicating a 17.24% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 125%.

, /PRNewswire/ -- The Kroger Co.'s (NYSE: KR) Board of Directors approved a dividend increase from $1.40 to $1.56 per year. The next quarterly dividend of 39 cents per share will be paid on September 1, 2026, to shareholders of record as of close of business on August 15, 2026.

The company's quarterly dividend has grown at a 13% compounded annual growth rate since it was reinstated in 2006. This marks the 20th consecutive year of dividend increases. The company continues to expect, subject to board approval, an increasing dividend over time.

"This dividend increase reflects the Board of Directors' confidence in Kroger's operating performance, durable free cash flow generation, and commitment to deliver long-term value for shareholders," said Ron Sargent, Chairman of Kroger's Board of Directors.

Kroger remains committed to balanced capital allocation by investing in the business to drive sustainable growth, maintaining its current investment grade debt rating and returning capital to shareholders.

About Kroger
The Kroger Co. (NYSE: KR) is one of America's largest retailers, serving more than 11 million customers daily through a digital shopping experience and retail food stores under a variety of banner names. With more than 400,000 associates across our family of companies, Kroger is committed to providing America with affordable, great-tasting food and creating #ZeroHungerZeroWaste communities. To learn more about us, visit our newsroom and investor relations site.

This press release contains certain statements that constitute "forward-looking statements" about Kroger's financial position and the future performance of the company. These statements are based on management's assumptions and beliefs in light of the information currently available to it. Such statements are indicated by words or phrases such as "committed," "continue," "expect," and variations of such words and similar phrases. Various uncertainties and other factors could cause actual results to differ materially from those contained in the forward-looking statements. These include the specific risk factors identified in "Risk Factors" in our annual report on Form 10-K for our last fiscal year and any subsequent filings, as well as the following:

Kroger's ability to achieve sales, earnings, incremental FIFO operating profit, and adjusted free cash flow goals may be affected by: labor negotiations; potential work stoppages; changes in the unemployment rate; pressures in the labor market; changes in government-funded benefit programs; changes in the types and numbers of businesses that compete with Kroger; pricing and promotional activities of existing and new competitors, and the aggressiveness of that competition; Kroger's response to these actions; the state of the economy, including interest rates, the inflationary, disinflationary and/or deflationary trends and such trends in certain commodities, products and/or operating costs; the geopolitical environment including wars and conflicts; unstable political situations and social unrest; changes in tariffs; the effect that fuel costs have on consumer spending; volatility of fuel margins; manufacturing commodity costs; supply constraints; diesel fuel costs related to Kroger's logistics operations; trends in consumer spending; the extent to which Kroger's customers exercise caution in their purchasing in response to economic conditions; the uncertainty of economic growth or recession; stock repurchases; changes in the regulatory environment in which Kroger operates, along with changes in federal policy and at state and federal regulatory agencies; Kroger's ability to retain pharmacy sales from third party payors; consolidation in the healthcare industry, including pharmacy benefit managers; Kroger's ability to negotiate modifications to multi-employer pension plans; our ability to attract and retain qualified individuals; natural disasters or adverse weather conditions; the effect of public health crises or other significant catastrophic events; the potential costs and risks associated with potential cyber-attacks or data security breaches; the potential costs and risks associated with new technologies, including artificial intelligence; the success of Kroger's future growth plans; the ability to execute our growth strategy and value creation model, including continued cost savings, growth of our alternative profit businesses, and our ability to better serve our customers and to generate customer loyalty and sustainable growth through Fresh, Our Brands, Personalization, and eCommerce; the outcome of litigation matters, including those relating to the terminated transaction with Albertsons Companies, Inc.; and the risks relating to or arising from our opioid litigation settlements, including the risk of litigation relating to persons, entities, or jurisdictions that do not participate in those settlements. Our ability to achieve these goals may also be affected by our ability to manage the factors identified above. Our ability to execute our financial strategy may be affected by our ability to generate cash flow.

Kroger assumes no obligation to update the information contained herein unless required by applicable law. Please refer to Kroger's reports and filings with the Securities and Exchange Commission for a further discussion of these risks and uncertainties.

SOURCE The Kroger Co.

, /PRNewswire/ -- Visteon Corporation (NASDAQ: VC) today announced that its board of directors has authorized a share repurchase program of $800 million of common stock expiring December 31, 2029. Visteon expects to fund the repurchases through cash available on hand in excess of operating requirements and future cash flow generation.

"We are pleased to announce this share repurchase program, which reflects both our financial strength and our commitment to delivering value for shareholders," said President and CEO Sachin Lawande. "It also signals our board's confidence in Visteon's strategy and leadership in digital cockpit, software-defined and AI-enhanced technologies reshaping our industry."

Shares may be repurchased utilizing a variety of methods, including open market purchases, accelerated share repurchase programs, privately negotiated transactions and structured repurchase transactions. Share repurchases may be suspended or discontinued at any time at the Company's discretion and are subject to the Company's discretion with respect to alternative uses of capital, as well as prevailing financial, market and industry conditions.

About Visteon

Visteon (NASDAQ: VC) is advancing mobility through innovative technology solutions that enable a software-defined future. The Company's state-of-the-art product portfolio merges digital cockpit innovations, advanced displays, AI-enhanced software solutions, and integrated EV architecture solutions. With expertise spanning passenger vehicles, commercial transportation, and two-wheelers, Visteon partners with global OEMs to create safer, cleaner, and more connected journeys. Headquartered in Van Buren Township, Michigan, Visteon operates in 17 countries, employing a global network of innovation centers and manufacturing facilities. In 2025, the Company recorded annual sales of approximately $3.77 billion and secured $7.4 billion in new business. For more information, visit visteon.com.

Forward-looking Information

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "will," "may," "designed to," "outlook," "believes," "should," "anticipates," "plans," "expects," "intends," "estimates," "forecasts" and similar expressions identify certain of these forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various factors, risks and uncertainties that could cause our actual results to differ materially from those expressed in these forward-looking statements, including, but not limited to:

uncertainties in U.S. or foreign policy regarding trade agreements, tariffs or other international trade policies and any response to such actions by foreign countries; continued and future impacts of the geopolitical conflicts and related supply chain disruptions, including but not limited to the conflicts in the Middle East, Russia and East Asia and the possible imposition of sanctions; significant and prolonged shortages of, or unrecoverable price increases in, critical components, including but not limited to semiconductors such as DRAM, particularly where such components are sourced from sole or primary suppliers; failure of the Company's joint venture partners to comply with contractual obligations or to exert influence or pressure in China; conditions within the automotive industry, including (i) the automotive vehicle production volumes and schedules of our customers, (ii) the financial condition of our customers and the effects of any restructuring or reorganization plans that may be undertaken by our customers, including work stoppages at our customers, and (iii) possible disruptions in the supply of commodities to us or our customers due to financial distress, work stoppages, natural disasters or civil unrest; our ability to satisfy future capital and liquidity requirements; including our ability to access the credit and capital markets at the times and in the amounts needed and on terms acceptable to us; our ability to comply with financial and other covenants in our credit agreements; and the continuation of acceptable supplier payment terms; our ability to access funds generated by foreign subsidiaries and joint ventures on a timely and cost-effective basis; our ability to grow our business with Chinese domestic OEMs and to compete with Chinese domestic suppliers as they expand their market-share outside of China; general economic conditions, currency exchange rates, interest rates, changes in foreign laws, regulations or trade policies, including export controls of certain parts or materials or political stability in foreign countries where Visteon procures materials, components, or supplies or where its products are manufactured, distributed, or sold; disruptions in information technology systems including, but not limited to, system failure, cyber-attack, malicious computer software (malware including ransomware), unauthorized physical or electronic access, or other natural or man-made incidents or disasters; increases in raw material and energy costs and our ability to offset or recover these costs; increases in our warranty, product liability and recall costs or the outcome of legal or regulatory proceedings to which we are or may become a party; changes in laws, regulations, policies or other activities of governments, agencies and similar organizations, domestic and foreign, that may tax or otherwise increase the cost of, prohibit, or otherwise affect, the manufacture, licensing, distribution, sale, ownership or use of Visteon's or its suppliers' products or assets; and those factors identified in our filings with the SEC (including our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as updated by our subsequent filings with the Securities and Exchange Commission). Caution should be taken not to place undue reliance on our forward-looking statements, which represent our view only as of the date of this release, and which we assume no obligation to update.

Visteon Contacts:

Media:
[email protected]

Investors:
[email protected]

SOURCE Visteon Corporation

, /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the fourth quarter and fiscal year ended May 31, 2026, which included a 53rd week of operations compared to 52 weeks last year.

Fourth Quarter 2026 Financial Highlights

Total sales increased 13.7% to $3.72 billion driven by 7.6% in additional sales from an extra week of operations, a blended same-restaurant sales1 increase of 4.6%, and sales from 43 net new restaurants Same-restaurant sales:
               ‌

Consolidated Darden1

4.6 %

Olive Garden

2.4 %

LongHorn Steakhouse

9.5 %

Fine Dining

1.9 %

Other Business1

4.6 %

Reported diluted net earnings per share from continuing operations were $3.54 Excluding $0.12 of costs primarily related to restaurant closures and associated impairments and the Chuy's integration, adjusted diluted net earnings per share from continuing operations were $3.66, an increase of 22.8%2 The extra week of operations contributed $0.25 to both reported and adjusted diluted net earnings per share from continuing operations The Company repurchased $138 million3 of its outstanding common stock Fiscal 2026 Financial Highlights

Total sales increased 9.4% to $13.21 billion driven by 2.1% in additional sales from an extra week of operations, a blended same-restaurant sales4 increase of 4.5%, and sales from 43 net new restaurants Same-restaurant sales:
                ‌

Consolidated Darden4

4.5 %

Olive Garden

4.0 %

LongHorn Steakhouse

7.2 %

Fine Dining

1.2 %

Other Business4

3.9 %

Reported diluted net earnings per share from continuing operations were $10.44 Excluding $0.20 primarily related to restaurant closures and associated impairments, income tax adjustments and benefits, the Chuy's integration, and the Olive Garden Canada sale, adjusted diluted net earnings per share from continuing operations were $10.64, an increase of 11.4%2 The extra week of operations contributed $0.25 to both reported and adjusted diluted net earnings per share from continuing operations
1   Quarter same-restaurant sales is a 13-week metric and excludes the impact of Bahama Breeze as all locations are expected to be closed or converted to other brands (between Q3 fiscal 2026 and Q4 fiscal 2027).

2  See the "Non-GAAP Information" below for more details.

3  Inclusive of 1% excise tax incurred on net repurchases, resulting from the Inflation Reduction Act of 2022.

4   Annual same-restaurant sales is a 52-week metric and excludes the impact of Chuy's, as they were not owned and operated by Darden for a 16-month period prior to the beginning of Fiscal 2026, as well as Bahama Breeze as all locations are expected to be closed or converted to other brands (between Q3 fiscal 2026 and Q4 fiscal 2027).

"The fourth quarter was a strong finish to an excellent year, one in which we significantly outperformed the industry," said Darden President & CEO Rick Cardenas. "Our restaurant teams continued to execute at a high level and that consistent execution helped each of our brands deliver positive same-restaurant sales for the quarter.

"Our performance throughout the fiscal year reflects the strength of our brands, the discipline of our strategy, and the quality of our teams. With the right brands, strategy, and team in place, I am confident we are well positioned to continue growing the business and creating long-term shareholder value."

Segment Performance
Segment profit represents sales, less costs for food and beverage, restaurant labor, restaurant expenses and marketing expenses. Segment profit excludes non-cash real estate related expenses. Sales and profits from Chuy's restaurants are included within the Other Business segment from the date of acquisition forward.

Q4 Sales

Q4 Segment Profit

($ in millions)

2026

2025

2026

2025

Consolidated Darden

$3,718.8

$3,271.7

Olive Garden

$1,538.0

$1,381.0

$373.0

$328.4

LongHorn Steakhouse

$1,016.5

$833.8

$215.2

$167.8

Fine Dining

$371.0

$334.6

$69.0

$62.9

Other Business

$793.3

$722.3

$142.1

$126.3

Annual Sales

Annual Segment Profit

($ in millions)

2026

2025

2026

2025

Consolidated Darden

$13,210.9

$12,076.7

Olive Garden

$5,594.8

$5,212.9

$1,257.9

$1,163.9

LongHorn Steakhouse

$3,423.0

$3,025.5

$635.1

$582.7

Fine Dining

$1,375.7

$1,304.8

$243.1

$242.5

Other Business

$2,817.4

$2,533.5

$446.9

$397.4

Dividend Declared
Darden's Board of Directors declared a quarterly cash dividend of $1.62 per share on the Company's outstanding common stock, an 8.0% increase from the third quarter of fiscal 2026. The dividend is payable on August 3, 2026 to shareholders of record at the close of business on July 10, 2026.

Share Repurchase Program
During the quarter, the Company repurchased approximately 0.7 million shares of its common stock for a total of $138 million4. In addition, on Wednesday, June 24, 2026, Darden's Board of Directors authorized a new share repurchase program under which the Company may repurchase up to $1.5 billion of its outstanding common stock. This repurchase program does not have an expiration and replaces the previously existing share repurchase authorization.

"Our strong operating model generates significant and durable cash flows," said Darden CFO Raj Vennam. "Since 2019, we have delivered 9% annualized adjusted EBITDA growth. This consistent cash generation provides more than sufficient capacity each year to fund the core requirements of the business, including maintenance capital to sustain our existing asset base, continued growth of our dividend, and investment in new restaurant development."

Fiscal 2027 Financial Outlook
Below is the full year financial outlook for fiscal 2027. We will provide more details during our investor conference call scheduled for this morning at 8:30 am ET.

Total sales of $13.60 billion to $13.75 billion Same-restaurant sales5 growth of 2.5% to 3.5% New restaurant openings of 75 to 80 Total capital spending of approximately $875 million Total inflation of approximately 3.0% An effective tax rate of approximately 13.5% Diluted net earnings per share from continuing operations of $11.10 to $11.35 EBITDA of $2.26 to $2.29 billion2 Approximately 114 million weighted average diluted shares outstanding
5    Annual same-restaurant sales is a 52-week metric and excludes the impact of Bahama Breeze as all locations are expected to be closed or converted to other brands (between Q3 fiscal 2026 and Q4 fiscal 2027).

Annual Meeting of Shareholders
Darden will hold its Annual Meeting of Shareholders on September 23, 2026. The meeting will be held in a virtual format only. The record date for shareholders to vote in the Annual Meeting is July 29, 2026.

Investor Conference Call
The Company will host a conference call today, Thursday, June 25, 2026 at 8:30 am ET to review its recent financial performance, which will be available via a live webcast through the Company's Investor Relations website at investor.darden.com.  Please allow extra time prior to the call to visit the site and download any software required to listen to the webcast. Supplemental materials will be available on the Investor Relations website prior to the start of the conference call. For those who are unable to listen to the live broadcast, a replay will be available shortly after the call.

About Darden
Darden is a restaurant company featuring a portfolio of differentiated brands that include Olive Garden, LongHorn Steakhouse, Yard House, Ruth's Chris Steak House, Cheddar's Scratch Kitchen, The Capital Grille, Chuy's, Seasons 52, and Eddie V's. For more information, please visit www.darden.com.

Information About Forward-Looking Statements
Forward-looking statements in this communication regarding our expected earnings performance and all other statements that are not historical facts, including without limitation statements concerning our future economic performance, are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identified by the use of forward-looking terminology, including the terms "may," "will," "expect," "intend," "focus," "anticipate," "continue," "could," "estimate," "project," "believe," "plan," "outlook," or similar expressions. Any forward-looking statements speak only as of the date on which such statements are first made, and we undertake no obligation to update such statements to reflect events or circumstances arising after such date. We wish to caution investors not to place undue reliance on any such forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties that could cause actual results to materially differ from those anticipated in the statements. The most significant of these uncertainties are described in Darden's Form 10-K, Form 10-Q and Form 8-K reports. These risks and uncertainties include: a failure to address cost pressures and a failure to effectively deliver cost management activities and achieve some economies of scale in purchasing, certain economic and business factors and their impacts on the restaurant industry and other general macroeconomic factors including unemployment, energy prices, tariffs and interest rates, the inability to hire, train, reward and retain restaurant team members and determine and maintain adequate staffing, a failure to recruit, develop and retain effective leaders or the loss or shortage of personnel with key capacities and skills that could impact our strategic direction, increased labor and insurance costs, health concerns arising from food-related pandemics, outbreaks of flu, viruses or other diseases, food safety and food-borne illness concerns, insufficient guest or employee facing technology or a failure to maintain a continuous and secure cyber network, compliance with privacy and data protection laws and risks of failures or breaches of our data protection systems,  risks relating to public policy changes and federal, state and local regulation of our business, intense competition, changing consumer preferences, an inability or failure to recognize, respond to and effectively manage the accelerated impact of social media, a failure to identify and execute innovative marketing and guest relationship tactics, ineffective or improper use of other marketing initiatives and increased advertising and marketing costs, climate change, adverse weather conditions and natural disasters, long-term and non-cancelable property leases, inability or failure to execute a business continuity plan following a major natural disaster, shortages, delays or interruptions in the delivery of food and other products and services from our third-party vendors and suppliers, failure to drive profitable sales growth, a lack of availability of suitable locations for new restaurants or a decline in the quality of locations of our current restaurants, higher-than-anticipated costs associated with the opening of new restaurants or with the closing, relocating or remodeling of existing restaurants, risks associated with doing business with franchisees, licensees and vendors in foreign markets, volatility in the market value of derivatives, volatility in the U.S. equity markets affecting our ability to efficiently hedge exposures, failure to protect our intellectual property, our reporting on environmental, social and governance matters or our sustainability ratings, litigation, unfavorable publicity or failure to respond effectively to adverse publicity, disruptions in the financial and credit markets, impairment of the carrying value of our goodwill or other intangible assets, changes in tax laws or unanticipated tax liabilities, failure of our internal controls over financial reporting and future changes in accounting standards, and other factors and uncertainties discussed from time to time in reports filed by Darden with the Securities and Exchange Commission.

Non-GAAP Information
The information in this press release includes financial information determined by methods other than in accordance with U.S. generally accepted accounting principles ("GAAP"), such as adjusted diluted net earnings per share from continuing operations and Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA"). The Company's management uses these non-GAAP measures in its analysis of the Company's performance. The Company believes that the presentation of certain non-GAAP measures provides useful supplemental information that is essential to a proper understanding of the operating results of the Company's businesses. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Reconciliations of these non-GAAP measures are included in this release.

(Analysts) Courtney Aquilla, (407) 245-5054; (Media) Rich Jeffers, (407) 245-4189

Fiscal Q4 Reported to Adjusted Earnings Reconciliation

Q4 2026

Q4 2025

$ in millions, except per share amounts

Earnings
Before
Income
Tax

Income
Tax
Expense

Net
Earnings

Diluted
Net
Earnings
Per
Share

Earnings
Before
Income
Tax

Income
Tax
Expense

Net
Earnings

Diluted
Net
Earnings
Per
Share

Reported Earnings from Continuing Operations

$ 465.6

$  57.8

$ 407.8

$  3.54

$ 336.5

$  32.5

$ 304.0

$  2.58

Adjustments:

Closed restaurant and other strategic review costs6

7.2

1.5

5.7

0.05

9.2

2.3

6.9

0.06

    General and administrative expenses

4.3

0.7

3.6

0.03

9.2

2.3

6.9

0.06

    Depreciation and amortization

2.9

0.8

2.1

0.02

—

—

—

—

Impairment due to restaurant closures7

9.7

2.4

7.3

0.06

47.7

11.9

35.8

0.30

Chuy's integration related one-time costs

1.1

0.3

0.8

0.01

7.0

2.1

4.9

0.04

Adjusted Earnings from Continuing Operations

$ 483.6

$  62.0

$ 421.6

$  3.66

$ 400.4

$  48.8

$ 351.6

$  2.98

% Change vs Prior Year

22.8 %

Fiscal YTD Reported to Adjusted Earnings Reconciliation

2026

2025

$ in millions, except per share amounts

Earnings
Before
Income
Tax

Income
Tax
Expense

Net
Earnings

Diluted
Net
Earnings
Per
Share

Earnings
Before
Income
Tax

Income
Tax
Expense

Net
Earnings

Diluted
Net
Earnings
Per
Share

Reported Earnings from Continuing Operations

$         1,388.6

$ 174.9

$         1,213.7

$ 10.44

$         1,187.2

$ 136.2

$         1,051.0

$  8.88

Adjustments:

Closed restaurant and other strategic review costs6

19.4

4.5

14.9

0.13

9.2

2.3

6.9

0.06

    General and administrative expenses

15.7

3.6

12.1

0.10

9.2

2.3

6.9

0.06

    Depreciation and amortization

3.7

0.9

2.8

0.03

—

—

—

—

Impairment due to restaurant closures7

34.8

8.6

26.2

0.22

47.7

11.9

35.8

0.30

Income tax adjustments and benefits

—

(7.1)

7.1

0.06

—

—

—

—

Chuy's integration related one-time costs

9.5

2.4

7.1

0.06

44.6

7.9

36.7

0.31

Gain on Olive Garden Canada sale

(42.1)

(10.5)

(31.6)

(0.27)

—

—

—

—

    Impairment and restaurant disposals, net

(42.3)

(10.5)

(31.8)

(0.27)

—

—

—

—

    General and administrative expenses

0.2

—

0.2

—

—

—

—

—

Adjusted Earnings from Continuing Operations

$         1,410.2

$ 172.8

$         1,237.4

$ 10.64

$         1,288.7

$ 158.3

$         1,130.4

$  9.55

% Change vs Prior Year

11.4 %

YTD Adjusted EBITDA Reconciliation

$ in millions

5/26/2019

5/31/2026

Net Earnings from Continuing Operations

$      718.6

$     1,213.7

Interest, Net

50.2

194.2

Income Tax Expense (Benefit)

63.7

174.9

Depreciation and Amortization

336.7

561.1

EBITDA

$    1,169.2

$     2,143.9

Adjustments:

Restaurant impairments7

14.6

34.8

Chuy's integration related one-time costs

—

9.5

Restaurant closing costs6

—

15.7

Gain on Olive Garden Canada sale

—

(42.1)

Adjusted EBITDA

$    1,183.8

$     2,161.8

Fiscal 2027 EBITDA Outlook Reconciliation

Net Earnings from Continuing Operations

$1.26 billion

to

$1.29 billion

Interest, Net

$0.21 billion

$0.20 billion

Income Tax Expense

$0.19 billion

$0.20 billion

Depreciation and Amortization

$0.60 billion

$0.60 billion

EBITDA

$2.26 billion

to

$2.29 billion

6  Closed restaurant costs and costs related to the exploration of strategic alternatives for the Bahama Breeze brand

7  Fiscal 2026 impairment costs due to non-cash asset impairment charges primarily related to the closures of Bahama Breeze locations and another underperforming location in the fourth quarter of fiscal 2026.  Fiscal 2025 impairment costs were due to restaurant closures primarily related to the closure of 22 underperforming restaurants that were permanently closed during the fourth quarter of fiscal 2025. Fiscal 2019 non-cash asset impairment charges related to four underperforming restaurants whose projected cash flows were not sufficient to cover their respective carrying values.

DARDEN RESTAURANTS, INC.

NUMBER OF COMPANY-OWNED RESTAURANTS

5/31/26

5/25/25

Olive Garden

949

935

LongHorn Steakhouse

618

591

Cheddar's Scratch Kitchen

184

181

Chuy's

110

108

Yard House

93

88

Ruth's Chris Steak House

83

82

The Capital Grille

74

71

Seasons 52

44

43

Eddie V's

31

29

Bahama Breeze

13

28

The Capital Burger

3

3

Darden Continuing Operations

2,202

2,159

DARDEN RESTAURANTS, INC.

CONSOLIDATED STATEMENTS OF EARNINGS

(In millions, except per share data)

(Unaudited)

Three Months Ended

Twelve Months Ended

5/31/2026

5/25/2025

5/31/2026

5/25/2025

Sales

$   3,718.8

$     3,271.7

$  13,210.9

$  12,076.7

Costs and expenses:

Food and beverage

1,119.3

983.9

4,038.8

3,657.0

Restaurant labor

1,147.4

1,022.0

4,182.4

3,833.1

Restaurant expenses

586.0

517.1

2,127.2

1,944.0

Marketing expenses

43.2

41.0

180.4

169.9

Pre-opening costs

11.7

8.7

34.5

24.8

General and administrative expenses

139.0

133.1

514.4

520.3

Depreciation and amortization

146.3

135.0

561.1

516.1

Impairments and disposal of assets, net

9.1

48.1

(10.7)

49.2

Total operating costs and expenses

$   3,202.0

$     2,888.9

$  11,628.1

$  10,714.4

Operating income

516.8

382.8

1,582.8

1,362.3

Interest, net

51.2

46.3

194.2

175.1

Earnings before income taxes

465.6

336.5

1,388.6

1,187.2

Income tax expense

57.8

32.5

174.9

136.2

Earnings from continuing operations

$     407.8

$       304.0

$   1,213.7

$   1,051.0

Losses from discontinued operations, net of tax benefit of $1.3, $0.1, $2.9 and
$0.8, respectively

(2.9)

(0.2)

(7.0)

(1.4)

Net earnings

$     404.9

$       303.8

$   1,206.7

$   1,049.6

Basic net earnings per share:

Earnings from continuing operations

$       3.57

$        2.60

$     10.51

$       8.94

Losses from discontinued operations

(0.03)

(0.01)

(0.06)

(0.01)

Net earnings

$       3.54

$        2.59

$     10.45

$       8.93

Diluted net earnings per share:

Earnings from continuing operations

$       3.54

$        2.58

$     10.44

$       8.88

Losses from discontinued operations

(0.03)

—

(0.06)

(0.02)

Net earnings

$       3.51

$        2.58

$     10.38

$       8.86

Average number of common shares outstanding:

Basic

114.3

117.1

115.5

117.5

Diluted

115.2

117.9

116.3

118.4

DARDEN RESTAURANTS, INC.

CONSOLIDATED BALANCE SHEETS

(In millions)

5/31/2026

5/25/2025

(Unaudited)

ASSETS

Current assets:

Cash and cash equivalents

$         219.5

$         240.0

Receivables, net

129.9

93.8

Inventories

326.3

311.6

Prepaid income taxes

139.8

135.6

Prepaid expenses and other current assets

127.4

156.7

Total current assets

$         942.9

$         937.7

Land, buildings and equipment, net

5,048.6

4,716.0

Operating lease right-of-use assets

3,433.1

3,555.9

Goodwill

1,658.2

1,659.4

Trademarks

1,346.4

1,346.4

Other assets

433.2

371.6

Total assets

$     12,862.4

$     12,587.0

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$         427.7

$         439.6

Short-term debt and current portion of long-term debt

693.6

—

Accrued payroll

236.1

207.5

Accrued taxes

87.0

87.7

Unearned revenues

606.0

599.4

Other current liabilities

955.0

913.3

Total current liabilities

$      3,005.4

$      2,247.5

Long-term debt

1,637.7

2,128.9

Deferred income taxes

343.6

278.8

Operating lease liabilities - non-current

3,722.3

3,816.9

Other liabilities

1,945.9

1,803.6

Total liabilities

$     10,654.9

$     10,275.7

Stockholders' equity:

Common stock and surplus

$      2,296.3

$      2,295.6

Retained earnings (deficit)

(108.4)

(16.1)

Accumulated other comprehensive income

19.6

31.8

Total stockholders' equity

$      2,207.5

$      2,311.3

Total liabilities and stockholders' equity

$     12,862.4

$     12,587.0

DARDEN RESTAURANTS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions)

(Unaudited)

Twelve Months Ended

5/31/2026

5/25/2025

Cash flows—operating activities

Net earnings

$      1,206.7

$      1,049.6

Losses from discontinued operations, net of tax

7.0

1.4

Adjustments to reconcile net earnings from continuing operations to cash flows:

Depreciation and amortization

561.1

516.1

Impairments and disposal of assets, net

(10.7)

49.2

Stock-based compensation expense

79.1

79.1

Change in current assets and liabilities and other, net

9.9

11.6

Net cash provided by operating activities of continuing operations

$      1,853.1

$      1,707.0

Cash flows—investing activities

Purchases of land, buildings and equipment

(734.0)

(644.6)

Proceeds from disposal of land, buildings and equipment

45.5

2.5

Cash used in business acquisitions, net of cash acquired

—

(613.7)

Purchases of capitalized software and changes in other assets, net

(22.9)

(22.5)

Net cash used in investing activities of continuing operations

$       (711.4)

$     (1,278.3)

Cash flows—financing activities

Net proceeds from issuance of common stock

25.0

55.6

Dividends paid

(693.0)

(658.5)

Repurchases of common stock

(671.7)

(418.2)

Proceeds from (repayments of) short-term debt, net

194.0

(86.8)

Proceeds from issuance of long-term debt, net

—

750.0

Principal payments on finance leases, net

(18.1)

(21.0)

Payments of debt issuance costs

—

(6.9)

Net cash used in financing activities of continuing operations

$     (1,163.8)

$       (385.8)

Cash flows—discontinued operations

Net cash used in operating activities of discontinued operations

(4.8)

(8.5)

Net cash used in discontinued operations

$          (4.8)

$          (8.5)

Increase (decrease) in cash, cash equivalents, and restricted cash

(26.9)

34.4

Cash, cash equivalents, and restricted cash - beginning of period

254.5

220.1

Cash, cash equivalents, and restricted cash - end of period

$         227.6

$         254.5

Reconciliation of cash, cash equivalents, and restricted cash:

5/31/2026

5/25/2025

Cash and cash equivalents

$         219.5

$         240.0

Restricted cash included in prepaid expenses and other current assets

8.1

14.5

Total cash, cash equivalents, and restricted cash shown in the statement of cash flows

$         227.6

$         254.5

SOURCE Darden Restaurants, Inc.: Financial

The CO Bar Complex, one of the largest projects in the United States, totals approximately 1.2 GW of solar power generation and 4.0 GWh of energy storage

The Complex is expected to contribute approximately $255 million in revenues and approximately $205 million in EBITDA in its first full year of Complex operation

Commercial operation of the projects is expected in phases from the second half of 2027 through the first half of 2028

TEL AVIV, Israel, June 25, 2026 (GLOBE NEWSWIRE) -- Enlight Renewable Energy (TASE: ENLT; NASDAQ: ENLT), a global renewable energy developer and independent power producer, announced today that its U.S. subsidiary Clēnera Holdings has entered into a debt financing framework agreement for the CO Bar Complex, located in Arizona.

The CO Bar Complex comprises five projects, totaling approximately 1.2 GW of solar power generation capacity and 4.0 GWh of energy storage capacity. The Complex is anchored by a 1 GW AC interconnection agreement and demonstrates Enlight’s Connect and Expand strategy, leveraging a large grid connection to develop multiple solar and energy storage projects as part of a single large-scale cluster. Commercial operation of the projects within the Complex is expected to occur in phases during the second half of 2027 and the first half of 2028.

CO Bar represents a total Complex investment in the range of $2,900 million to $3,045 million, including $1,705 million of term debt and with estimated tax equity proceeds of $1,450 million to $1,525 million and total Complex investment net of tax equity of $1,450 million to $1,520 million.

In its first full year of operation, the Complex is expected to generate $250 million to $260 million in revenues and $205 million to $210 million in EBITDA.

The financing commitments, totaling approximately $2.6 billion, were provided by a consortium of seven leading global financial institutions: BNP Paribas Securities Corp., Crédit Agricole CIB, MUFG Bank, Ltd., Natixis, New York Branch, Norddeutsche Landesbank Girozentrale, New York Branch (Nord/LB), Societe Generale, and Wells Fargo Securities, LLC.

CO Bar 1-2 have met the conditions precedent to the debt draw, and CO Bar 3-5 are expected to satisfy the applicable conditions precedent to their debt draws in the coming months.

CO Bar 1 combines solar power generation and energy storage, CO Bar 2 and 3 are solar generation projects, and CO Bar 4 and 5 are energy storage projects. Construction of CO Bar 1-3 is fully mobilized, and CO Bar 4 and 5 are expected to be fully mobilized in the second half of 2026.

The Complex is fully subscribed through five offtake agreements, including 20 year busbar solar power purchase agreements and energy storage agreements with Salt River Project (SRP) and Arizona Public Service (APS), providing long term contracted revenues across the Complex.

The Company expects to sign an agreement with a tax equity partner during 2027. Each project in the Complex is expected to be eligible for the 10% Energy Community bonus tax credit. Enlight also intends to pursue the 10% Domestic Content bonus tax credit for CO Bar 4 and 5.

“CO Bar is one of the clearest examples of Enlight’s ability to convert its large development pipeline into financed, contracted and executable assets,” said Adi Leviatan, CEO of Enlight. “Securing this financing for our largest project to date is a strong vote of confidence in Enlight and Clēnera, and in the quality of our U.S. portfolio. As electricity demand continues to grow, projects like CO Bar demonstrate the role we can play in delivering reliable, clean power at scale.”

“The CO Bar project represents a defining milestone in Clēnera’s growth in the United States,” said Jared McKee, CEO of Clēnera. “As the largest financing in our history, it supports the development of a landmark energy asset that will generate enough power for nearly 220,000 homes across Arizona. CO Bar is more than a project—it is a long-term, generational asset that will provide reliable, sustainable energy and support the region’s continued growth.”

Within the consortium of banks associated with the deal, various entities took on specialized roles. Nord/LB served as documentation agent. Natixis was the due diligence coordinator. MUFG was the administrative agent. BNP was collateral agent and depositary. Crédit Agricole CIB was the hedge coordinator.

About Enlight Renewable Energy:

Founded in 2008, Enlight Renewable Energy is a leading global renewable energy developer and independent power producer. The Company develops, finances, constructs, owns, and operates utility-scale renewable energy projects across solar, wind, and energy storage. Enlight operates in the United States, Israel, and Europe. Enlight has been traded on the Tel Aviv Stock Exchange (TASE: ENLT) since 2010 and has been listed on Nasdaq following its U.S. IPO in 2023 (Nasdaq: ENLT). Learn more at www.enlightenergy.com

Enlight Investor Contacts

Limor Zohar Megen
Director IR
[email protected]

Erica Mannion or Mike Funari
Sapphire Investor Relations, LLC
+1 617 542 6180
[email protected]

Cautionary Note Regarding Forward-Looking Statements

This report on Form 6-K contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this report on Form 6-K other than statements of historical fact, including, without limitation, statements regarding the Company’s expectations relating to projects, their financing, operational timeline, as well as estimated revenues and EBITDA, statements regarding the offering of the Notes, including the consideration of expanding the existing series of Notes, the Company’s intention to accept prior undertakings from Classified Investors and expectations about use of proceeds, are forward-looking statements. The words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “target,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible,” “forecasts,” “aims” or the negative of these terms and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: uncertainties related to market conditions and completion of the offering of the Notes on the anticipated terms or at all; the timing of construction of any project; availability of, and access to, interconnection facilities and transmission systems; our ability to obtain and maintain governmental and other regulatory approvals and permits, including environmental approvals and permits; construction delays, operational delays and supply chain disruptions leading to increased cost of materials required for the construction of our projects, as well as cost overruns and delays related to disputes with contractors; disruptions in trade caused by political, social or economic instability in regions where our components and materials are made; our suppliers’ ability and willingness to perform both existing and future obligations; competition from traditional and renewable energy companies in developing renewable energy projects; potential slowed demand for renewable energy projects and our ability to enter into new offtake contracts on acceptable terms and prices as current offtake contracts expire; offtakers’ ability to terminate contracts or seek other remedies resulting from failure of our projects to meet development, operational or performance benchmarks; exposure to market prices in some of our offtake contracts; various technical and operational challenges leading to unplanned outages, reduced output, interconnection or termination issues; the dependence of our production and revenue on suitable meteorological and environmental conditions, and our ability to accurately predict such conditions; our ability to enforce warranties provided by our counterparties in the event that our projects do not perform as expected; government curtailment, energy price caps and other government actions that restrict or reduce the profitability of renewable energy production; electricity price volatility, unusual weather conditions (including the effects of climate change, could adversely affect wind and solar conditions), catastrophic weather-related or other damage to facilities, unscheduled generation outages, maintenance or repairs, unanticipated changes to availability due to higher demand, shortages, transportation problems or other developments, environmental incidents, or electric transmission system constraints and the possibility that we may not have adequate insurance to cover losses as a result of such hazards; our dependence on certain operational projects for a substantial portion of our cash flows; our ability to continue to grow our portfolio of projects through successful acquisitions; changes and advances in technology that impair or eliminate the competitive advantage of our projects or upsets the expectations underlying investments in our technologies; our ability to effectively anticipate and manage cost inflation, interest rate risk, currency exchange fluctuations and other macroeconomic conditions that impact our business; our ability to retain and attract key personnel; our ability to manage legal and regulatory compliance and litigation risk across our global corporate structure; our ability to protect our business from, and manage the impact of, cyber-attacks, disruptions and security incidents, as well as acts of terrorism or war; changes to existing renewable energy industry policies and regulations that present technical, regulatory and economic barriers to renewable energy projects; the reduction, elimination or expiration of government incentives for, or regulations mandating the use of, renewable energy; our ability to effectively manage the global expansion of the scale of our business operations; our ability to perform to expectations in our new line of business involving the construction of PV systems for municipalities in Israel; our ability to effectively manage our supply chain and comply with applicable regulations with respect to international trade relations, tariffs, sanctions, export controls and anti-bribery and anti-corruption laws; our ability to effectively comply with Environmental Health and Safety and other laws and regulations and receive and maintain all necessary licenses, permits and authorizations; our performance of various obligations under the terms of our indebtedness (and the indebtedness of our subsidiaries that we guarantee) and our ability to continue to secure project financing on attractive terms for our projects; limitations on our management rights and operational flexibility due to our use of tax equity arrangements; potential claims and disagreements with partners, investors and other counterparties that could reduce our right to cash flows generated by our projects; our ability to comply with increasingly complex tax laws of various jurisdictions in which we currently operate as well as the tax laws in jurisdictions in which we intend to operate in the future; our ability to obtain tax benefits and credits in the U.S. or other jurisdictions; the unknown effect of the dual listing of our ordinary shares on the price of our ordinary shares; various risks related to our incorporation and location in Israel, including the ongoing war in Israel, where our headquarters and some of our wind energy and solar energy projects are located; the costs and requirements of being a public company, including the diversion of management’s attention with respect to such requirements; certain provisions in our Articles of Association and certain applicable regulations that may delay or prevent a change of control; and other risk factors set forth in the section titled “Risk factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission (the “SEC”), as may be updated in our other documents filed with or furnished to the SEC.

These statements reflect management’s current expectations regarding future events and operating performance and speak only as of the date of this Form 6-K. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.