GBP/CAD se odrazil od 55denního EMA a trh sleduje, zda kanadská pracovní data a ropa nad 86 USD potvrdí průlom nad 1,9042. Slabší data z Kanady by mohla pár vrátit k této rezistenci.
TL;DR: GBP/CAD looks ready to resume its uptrend after rebounding from the 55-day EMA, but a sustained breakout depends on two separate forces — Friday’s volatile Canadian jobs report and whether oil’s renewed strength above $86 continues to support the Canadian Dollar.
Why the Correction May Already Be Over After nearly a month of consolidation, GBP/CAD is showing signs that its broader uptrend may be ready to resume. The pair has rebounded convincingly after holding the 55-day EMA, suggesting the pullback from 1.9042 was a healthy correction rather than a change in trend. A retest of the July high now looks likely. Whether GBP/CAD can convert that into a sustained breakout, however, will depend on two very different forces: this week’s Canadian labor market data and the direction of oil prices.
Force One: The Scheduled Risk — A Volatile Canadian Jobs Report The first is the easier of the two to assess. Canada’s July employment report is expected to show job growth of 15k, with the unemployment rate holding steady at 6.5%. Those numbers would broadly indicate a labor market that remains stable despite slowing economic momentum. Yet recent history suggests caution — Canada’s employment data have repeatedly produced large surprises this year, swinging from an unexpected -18k decline in April to an 88k surge in May, before moderating to 18k in June. That volatility means another downside surprise cannot be dismissed.
A softer employment report would likely weaken the Canadian Dollar by reinforcing the Bank of Canada’s patient policy stance. The BoC has kept rates unchanged for five consecutive meetings since its October 2025 rate cut, repeatedly signaling it’s prepared to look through temporary inflation shocks as long as underlying price pressures remain contained. Weak labor market data would support that approach by reducing the urgency for any policy tightening — and could provide the catalyst for GBP/CAD to revisit 1.9042.
Force Two: The Unscheduled Risk — Oil’s Renewed Grip on the Canadian Dollar The bigger challenge lies beyond Friday’s data. The main reason GBP/CAD lost momentum after reaching 1.9042 in early July was the sharp reversal in oil prices. Brent crude had bottomed near $70 before surging above $100 following the collapse of the 60-day US-Iran ceasefire, restoring strong support for the commodity-linked Canadian Dollar and forcing GBP/CAD into a month-long consolidation.
The pair’s rebound from 1.8709 has coincided with Brent’s retreat from above $100 to around $80, which eased some of that support for the Canadian Dollar. But oil has since recovered above $86 as geopolitical tensions remain unresolved, once again acting as a headwind for Sterling. The current advance in GBP/CAD therefore looks less constrained by Canadian domestic fundamentals than by the renewed resilience of crude prices.
Why the Geopolitical Backdrop Hasn’t Actually Changed The geopolitical backdrop has changed little despite alternating headlines from Washington and Tehran. President Donald Trump has shifted from projecting confidence in imminent negotiations to warning that Iran faces a “last chance,” while Tehran continues to insist there are no immediate plans for direct talks with the United States, limiting engagement to Oman’s mediation over the Strait of Hormuz. The fundamental disagreement over the future of the waterway remains unresolved, leaving markets reluctant to remove the geopolitical premium embedded in oil prices.
That distinction is important. A weak Canadian employment report may be enough to propel GBP/CAD back toward 1.9042, but it’s unlikely to be sufficient for a sustained breakout if Brent remains elevated. For Sterling bulls, Friday’s jobs report could provide the trigger — but whether the rally extends beyond the July high will depend far more on whether oil prices retreat again, which in turn requires credible progress toward renewed US-Iran negotiations rather than another round of conflicting political statements.
ActionForex’s Technical View on GBP/CAD The technical outlook reflects that balance between constructive momentum and lingering macro risks. GBP/CAD remains firmly within the rising channel from 1.8017, and this week’s rebound from the 55-day EMA, now around 1.8716, strengthens the case that the correction ended at 1.8709. A break above 1.9042 would open the way toward the 61.8% projection of 1.8299 to 1.9042 from 1.8709, at 1.9168, in the near term.
However, rejection by 1.9042 will set up another leg to extend the corrective pattern, with risk of a deeper fall through 1.8709. In that case, strong support should be seen from the rising channel floor, now at 1.8617, to bring a rebound.
Key Takeaways GBP/CAD’s rebound from the 55-day EMA suggests the pullback from 1.9042 was a correction, not a trend change, with a retest of the July high likely. Canada’s July jobs report (consensus: 15k job growth, 6.5% unemployment) carries elevated surprise risk given three large misses already this year. A weak jobs print could push GBP/CAD back toward 1.9042, but a sustained breakout depends more on oil, which has recovered above $86 after briefly easing from $100. The US-Iran standoff over the Strait of Hormuz remains unresolved despite shifting rhetoric, keeping a geopolitical premium embedded in oil and a headwind on Sterling. 1.9042 is the key resistance; a break opens 1.9168, while rejection risks a deeper pullback toward 1.8709, with the rising channel floor at 1.8617 as the next support.
ActionForex
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.
Coca-Cola Europacific Partners oznámila vyšší pololetní zisk i tržby, ale akcie po výsledcích klesly o 4,3 % na 7 710 p kvůli vybírání zisků. Firma potvrdila celoroční výhled na růst tržeb v konstantní měnové bázi o 3 až 4 % a růst provozního zisku kolem 7 %.
Coca-Cola Europacific Partners PLC (LSE:CCEP, NASDAQ:CCEP) was hit by profit-taking after the drinks bottler reported higher first-half profit and reaffirmed its full-year guidance.
The shares fell 4.3% to 7,710p, having hit an all-time high in the run-up to the interim results.
Revenue increased 4.4% to €10.7 billion in the six months to 3 July, or 6.1% on a comparable currency-neutral basis. Reported operating profit rose 6.9% to €1.5 billion, while diluted earnings per share climbed 9.1% to €2.17.
However, second-quarter revenue growth slowed to 2.5%, or 3.3% excluding currency movements. Revenue per unit case edged up just 0.1%, even as volumes grew 3.2% after adjusting for trading days.
In Europe, quarterly volumes increased 2.3%, supported by warmer weather in June and the company's FIFA World Cup marketing campaign. Asia-Pacific volumes rose 5%, driven by the Philippines and a recovery in Indonesia.
Chief executive Damian Gammell said the consumer environment remained challenging, while the full impact of the conflict in the Middle East was uncertain.
The group retained its guidance for currency-neutral revenue growth of between 3% and 4% in the 2026 financial year, alongside operating profit growth of around 7%.
It also continues to expect free cash flow of at least €1.7 billion. Coca-Cola Europacific Partners has completed €593 million of its planned €1 billion share buyback.
Eaton dosáhl nového 52týdenního maxima po zveřejnění výsledků, které překonaly očekávání: EPS činil 3,15 USD při tržbách 8,53 miliardy USD. Firma zároveň zvýšila výhled pro FY 2026 na 13,40–13,60 USD na akcii.
Eaton Corporation, PLC (NYSE:ETN – Get Free Report) shares hit a new 52-week high on Monday following a better than expected earnings announcement. The stock traded as high as $438.76 and last traded at $438.4160, with a volume of 3621802 shares changing hands. The stock had previously closed at $415.20.
The industrial products company reported $3.15 EPS for the quarter, beating the consensus estimate of $3.08 by $0.07. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The company had revenue of $8.53 billion during the quarter, compared to analysts’ expectations of $8.16 billion. During the same quarter in the previous year, the company posted $2.95 EPS. The business’s revenue for the quarter was up 21.4% compared to the same quarter last year. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS.
Eaton Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $4.40 annualized dividend and a yield of 1.0%. Eaton’s dividend payout ratio is presently 44.76%.
Eaton News Roundup Here are the key news stories impacting Eaton this week:
Positive Sentiment: Record results exceeded expectations. Eaton reported quarterly sales of approximately $8.5 billion, up 21% year over year, while adjusted earnings per share of $3.15 topped the $3.08 consensus estimate. Segment margins reached 23.1%, above the high end of management’s guidance. Eaton rises after record Q2 results and higher full-year outlook Positive Sentiment: Management raised its 2026 outlook. Full-year adjusted EPS guidance increased to $13.40-$13.60, while organic sales growth guidance rose to 11%-13%. Improved output in Electrical Americas and broad order growth support the upgraded forecast. ETN Q2 Earnings Call Highlights Ramp Progress and Raised Outlook Positive Sentiment: Data-center demand remains a major growth catalyst. Electrical Americas orders rose 41%, Electrical Global orders increased 33%, and electrical-sector data-center orders surged about 85% from the prior-year quarter. RBC said Eaton’s data-center construction backlog positions it well for a sustained growth cycle. Eaton Well-Positioned for Growth Surge Based on Data Center Construction Backlog, RBC Says Positive Sentiment: Analyst sentiment improved. BMO Capital Markets raised its price target from $477 to $487 and maintained an “outperform” rating. Other analysts also boosted forecasts following the earnings beat and higher guidance. Eaton Analysts Boost Their Forecasts After Strong Q2 Earnings Analyst Ratings Changes Several research firms have recently issued reports on ETN. JPMorgan Chase & Co. boosted their target price on Eaton from $406.00 to $445.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. BMO Capital Markets increased their price target on shares of Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a research report on Monday. Sanford C. Bernstein restated an “outperform” rating on shares of Eaton in a report on Monday. KeyCorp upped their target price on shares of Eaton from $420.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company increased their target price on shares of Eaton from $350.00 to $425.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $430.89.
Check Out Our Latest Report on ETN
Insiders Place Their Bets In related news, Director Dorothy C. Thompson sold 167 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $385.00, for a total value of $64,295.00. Following the sale, the director directly owned 1,096 shares of the company’s stock, valued at approximately $421,960. The trade was a 13.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Peter Denk sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $417.94, for a total value of $835,880.00. Following the completion of the sale, the insider owned 7,102 shares in the company, valued at approximately $2,968,209.88. This trade represents a 21.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,028 shares of company stock worth $8,614,793 in the last three months. 0.10% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Eaton A number of hedge funds and other institutional investors have recently bought and sold shares of ETN. Bartlett & CO. Wealth Management LLC increased its position in shares of Eaton by 9.2% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 238,030 shares of the industrial products company’s stock worth $75,815,000 after purchasing an additional 19,958 shares during the last quarter. Burling Wealth Partners LLC boosted its holdings in shares of Eaton by 63.0% in the 4th quarter. Burling Wealth Partners LLC now owns 11,296 shares of the industrial products company’s stock valued at $3,598,000 after buying an additional 4,366 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Eaton by 239,384.8% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 158,060 shares of the industrial products company’s stock valued at $50,344,000 after buying an additional 157,994 shares during the last quarter. Pioneer Trust Bank N A OR grew its stake in shares of Eaton by 669.1% in the fourth quarter. Pioneer Trust Bank N A OR now owns 6,230 shares of the industrial products company’s stock valued at $1,984,000 after buying an additional 5,420 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in Eaton during the fourth quarter worth $14,786,000. Institutional investors and hedge funds own 82.97% of the company’s stock.
Eaton Stock Performance The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. The stock’s fifty day moving average is $405.81 and its two-hundred day moving average is $386.28. The firm has a market capitalization of $170.24 billion, a price-to-earnings ratio of 44.60, a P/E/G ratio of 2.65 and a beta of 1.18.
About Eaton (Get Free Report)
Eaton (NYSE: ETN) is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company’s offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.
Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.
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CSG koupila průmyslový areál v Sasku a plánuje do něj investovat 100 milionů eur do výroby nitroglycerinu, energetických materiálů a munice. V první fázi chce vybudovat i kapacity pro munici a muniční komponenty.
Zbrojařská skupina Czechoslovak Group pokračuje v rozsáhlé expanzi výrobních kapacit v Evropě. Po loňské akvizici výrobce nitrocelulózy nyní získala průmyslový areál v německém Sasku, kde plánuje investovat 100 milionů eur do výroby nitroglycerinu, energetických materiálů a munice.
Zbrojařská a strojírenská skupina Czechoslovak Group (CSG) získala průmyslový areál v Německu, kde chce vyrábět energetický materiál, jako je nitroglycerin, a munice. Investovat chce do projektu 100 milionů eur (2,4 miliardy korun), kupní cenu ale nezveřejnila.
Areál Gnaschwitz, který má 57 hektarů, se nachází nedaleko saského Budyšína a CSG ho získala od španělské společnosti MAXAM, jež patří mezi největší evropské výrobce průmyslových trhavin a vojenských energetických materiálů.
CSG chce v tomto areálu vyrábět nitroglycerin a další produkty na jeho bázi. Podle skupiny představují klíčové suroviny pro výrobu dvousložkových i vícesložkových střelných prachů, které slouží jako pohonné náplně pro malorážovou, středněrážovou i velkorážovou munici. Produkce nitroglycerinu a navazujících produktů bude určena pro potřeby společností patřících pod CSG i pro zákazníky mimo skupinu.
V první fázi investice chce také CSG vybudovat výrobní kapacity pro munici a muniční komponenty. "Tato investice přispěje k rozšíření výrobních kapacit, po nichž v Německu i celé Evropě dlouhodobě roste poptávka," stojí v tiskové zprávě.
V areálu Gnaschwitz je podle skupiny do budoucna prostor i pro další rozvoj. Stávající infrastruktura umožňuje rozšířit výrobu například o sestavování munice středních ráží, tankové a 120milimetrové minometné munice nebo výrobu muničních komponentů.
CSG už v Německu má závod na výrobu energetických materiálů. Minulý rok dokončil slovenský výrobce munice MSM Group, který patří pod CSG, převzetí průmyslového parku Walsrode v Bomlitzu, kde se vyrábí nitrocelulóza. Ani tehdy skupina kupní cenu neuvedla, ale Seznam Zprávy tehdy informovaly, že šlo o obchod za miliardy korun. V minulosti pak skupina usilovala i o získání českého státního výrobce výbušnin a střeliva Explosia.
CSG je přední evropská obranná průmyslová skupina, nejvyšší vedení sídlí v Praze. Výrobní závody má ve Spojených státech, v Británii, ve Španělsku, v Itálii, Německu, Česku, na Slovensku, v?Srbsku a Indii. Zaměstnává více než 14.000 lidí, loni vykázala tržby 6,7 miliardy eur (162 miliard Kč). S akciemi CSG se od ledna obchoduje na amsterodamské a pražské burze, přičemž od té doby ztratily přes polovinu hodnoty.
Frankfurtská burza v úterý roste, index DAX přidává 0,87 %.
Akcie online prodejce Zalando klesají až o 18 %, což představuje největší propad od roku 2018, poté co společnost spolu s výsledky za druhé čtvrtletí zúžila svůj celoroční výhled očištěného zisku EBIT na 680 mil. EUR až 720 mil. EUR z původních 660 mil. EUR až 740 mil. EUR (při tržním odhadu 698,1 mil. EUR). Analytici uvedli, že hlavním zklamáním zprávy je zaostání v hrubém objemu zboží (GMV), který dosáhl 4,92 mld. EUR při odhadu 4,95 mld. EUR, a to v důsledku slabých prodejů tenisek.
Naopak výrazněji rostou akcie agrochemické a farmaceutické společnosti Bayer (+4,5 %). Ta za druhé čtvrtletí vykázala tržby ve výši 10,87 mld. EUR (odhad 10,67 mld. EUR) a očištěný zisk EBITDA na úrovni 2,14 mld. EUR (odhad 1,93 mld. EUR). Výsledky byly taženy silným výkonem divize Crop Science (zemědělská divize).
Zdravotnická společnost Fresenius Medical Care (-5,2 %) zveřejnila za druhé čtvrtletí tržby na úrovni 4,86 mld. EUR, čímž překonala průměrný odhad analytiků nastavený na 4,79 mld. EUR. Provozní zisk dosáhl 466 mil. EUR (při odhadu 422,8 mil. EUR), zatímco provozní zisk bez zahrnutí mimořádných položek činil 569 mil. EUR oproti očekávaným 495,7 mil. EUR. Čistý zisk bez mimořádných položek dosáhl 303 mil. EUR při odhadu 288 mil. EUR a zisk na akcii očistěný o mimořádné vlivy činil 1,13 EUR (odhad 1,08 EUR).
Akcie společnosti Continental klesají 0,9 % poté, co dodavatel autodílů reportoval výsledky za druhé čtvrtletí. Výsledky ukázaly růst ziskových marží tažený prodejem prémiových pneumatik, u nichž očištěná marže EBIT dosáhla 15,3 % při odhadu 14,1 %. Společnost zároveň potvrdila celoroční výhled, přičemž část analytiků očekávala jeho zvýšení.
Analytik Robert Krankowski ze společnosti UBS snížil doporučení pro akcie společnosti Adidas (1,7 %) na „neutral“ z původního „buy“. Cílovou cenu stanovuje na 173 EUR.
Index DAX +0,87 % na 26227,17 b. Nejsilnější akcie Změna Nejslabší akcie Změna Bayer (BAYN) +4,5 % Zalando (ZAL) -16,1 % Infineon Technologies (IFX) +3,5 % Fresenius Medical Care (FME) -5,2 % Rheinmetall AG (RHM) +3,5 % Adidas (ADS) -1,7 % Siemens Energy (ENR) +2,8 % Beiersdorf AG (BEI) -1,4 % HeidelbergCement (HEI) +2,0 % Continental (CON) -0,9 % Zdroj: Bloomberg
ams OSRAM oznámil tržby ve výši 805 mil. EUR za 2. čtvrtletí, tedy na horní hraně výhledu, a upravenou marži EBITDA 16,9 %. Zároveň pokračuje v přípravě microLED polí pro AR chytré brýle.
PREMSTAETTEN, Austria & MUNICH--(BUSINESS WIRE)--ams OSRAM (SWX:AMS):
Key Performance Update Q2/26
Revenues EUR 805 m, 16.9 % adjusted EBITDA margin, at the high end of the guidance; 14.2 % (non-adjusted) EBITDA margin +13 % year-on-year like-for-like growth of the semiconductor core portfolio at constant FX Design-wins of more than EUR 1.6 bn in semis (H1/26: approx. EUR 2.5 bn) EUR 1 bn of new senior notes at 7.25 % placed, saving annual interest cost of approx. EUR 40 m Digital Photonics Strategy Progress
Augmented Reality smart glasses: microLED-array based RGB light engines continued to achieve key development milestones for next-generation smart glasses, validating performance leadership and advancing step-by-step towards mass-production readiness. AI Photonics: launched development of micro-photodiode arrays for emerging "slow & wide" AI datacenter optical interconnect architectures, expanding BoM coverage Divestments: closed the sale of the non-optical sensor business to Infineon 01 July 2026 and signed the sale of CMOS image sensor business to Indie Semiconductors early May 2026 Outlook Q3/26
Q3/26: Revenues expected at EUR 770 m to 870 m; adjusted EBITDA margin of 16.0 % +/- 1.5 %, at an assumed EUR/USD exchange rate of 1.15, reflecting a normal to good seasonal uplift and continued content growth in the semiconductor business. The guidance fully reflects the deconsolidation of the non-optical sensor business sold to Infineon, which would otherwise contribute approximately a further EUR 40 m of revenues and EUR 20 m of adjusted EBITDA in Q3/26. Comments on FY26 & FY27
FY26: Outlook unchanged; revenue slightly lower due to divestments and FX; temporary pressure on adjusted EBITDA impacted by transition year 2026 one-offs. FY26: 120-150 m EUR tender offer for pro-rata buy-back of 2027 convertible bonds and 2029 senior notes: In line with the respective terms and conditions, the company intends to launch a pro-rata public tender offer within 120 days of 01 July 2026 closing of the non-optical sensor business sale to Infineon. The offer will cover the net proceeds of the disposal as required thereunder. FY27: path to positive Free Cash Flow in sight (including net interest and excluding divestments). “Building on strong core business performance, we are sharpening our focus on Digital Photonics as a key growth driver. Effective July 1, we established dedicated Digital Photonics business lines to accelerate execution and scale our innovation pipeline. We achieved key milestones towards mass-production readiness of our novel microLED array based light engines for next-generation AR smart glasses. In parallel, we are advancing AI photonics with expanding our product portfolio. The momentum towards becoming the leader in Digital Photonics is building and will increasingly translate into our financials,” said Aldo Kamper, CEO of ams OSRAM.
Q2/26 - Business and Earnings Summary
in EUR million (except per share data)
Q2 2026
Q1 2026
QoQ
Q2 2025
YoY
Revenues
805
796
+1 %
775
+4 %
EBITDA margin adj. % 1)
16.9 %
16.5 %
+40 bps
18.8 %
-190 bps
EBITDA adj. 1)
136
131
+4 %
145
-6 %
EBITDA margin %
14.2 %
8.0 %
+620 bps
19.0 %
-480 bps
EBITDA
115
64
+80 %
147
-22 %
Net result adj. 1)
-55
-72
+23 %
18
n.m. 2)
Diluted EPS (adj., in EUR)
-0.56
-0.74
+24 %
0.18
n.m. 2)
Net result
-121
-154
+21 %
1
n.m. 2)
Diluted EPS (in EUR)
-1.22
-1.57
+22 %
0.01
n.m. 2)
In Q2, group revenues reached EUR 805 million, coming in at the upper end of the guided range. Revenues increased by 1 % quarter-on-quarter, reflecting strong business in automotive and industrial semiconductors and a strong automotive lamps business compensating for the deconsolidation of the Entertainment & Industry Lamps (‘Specialty Lamps’) business following its sale to Ushio Inc.
Year-on-year, group revenues increased despite FX headwinds, the exit of non-core semiconductor activities (‘Re-establish the Base’) and the divestment of the Specialty Lamps business. At a constant EUR/USD exchange rate and on a like-for-like basis, revenues from the core portfolio increased by approximately 9 %.
Adjusted EBITDA margin was 16.9 % at the high end of the guided range, with adjusted EBITDA (adjusted earnings before interest, taxes, depreciation, and amortization) of EUR 136 million. The (non-adjusted) EBITDA margin stood at 14.2%, with (non-adjusted) EBITDA of EUR 115 million.
Adjusted net result amounted to EUR minus 55 million, reflecting higher net financing cost that are strongly driven by expenses for call premiums in relation with the early redemption of a large part of our Senior Notes due 2029 besides recurring quarterly transformation-related charges, purchase price allocation and share-based compensation. (Non-adjusted) net result came in at minus EUR 121 million.
Q2/26 - Digital Photonics: Progress Update
Digital Photonics is the core driver of the Company’s long‑term growth strategy, combining advanced, pixelated emitters, sensors and electronics to digitally control light emission and optical sensing. This technology enables dynamic lighting, light‑based sensing, projection, directed energy and high‑speed data communication.
In Q2 2026, the Company made further progress in executing its Digital Photonics strategy:
Augmented Reality, AI‑enabled smart glasses with advanced displays represent a major growth opportunity. During the quarter the Company completed key development milestones towards mass-production readiness for the light source of next-generation AR light engines. Based on its proprietary micro-LED array technology, this Digital Photonics component delivers industry-leading performance and is designed to enable advanced AR use cases while meeting the requirements for everyday wearability. The Company continues to see a market outlook consistent with leading industry forecasts that project substantial growth in smart-glasses adoption through 2030. AI Photonics, highly parallel optical interconnects based on advanced micro-emitter arrays represent an attractive growth opportunity in next-generation AI data center architectures. Following successful development progress on the ‘transmit’ side, the Company has initiated full product development for the ‘receive’ channel, expanding its participation in emerging “slow-and-wide” optical interconnect solutions. This development increases potential bill-of-materials content and supports the Company’s longer-term objective of offering a complete optical engine. Such architectures offer compelling advantages in power efficiency, thermal management, reliability and system scalability. Advanced optical sensing: The Company’s multi-zone Time-of-Flight sensor (TMF8829) significantly advances 3D depth-sensing performance, offering up to 48×32 measurement zones compared to the 8×8 resolution of conventional solutions. The product is expected to enter commercial robotics and smartphone applications, enabling enhanced spatial awareness for autonomous systems and improving imaging performance in mobile devices. Q2/26 – Implementation of ‘Simplify’ Program
The ‘Simplify’ transformation and savings program (launched on 07 Feb 2026) targets additional EUR 200 million run‑rate savings by FY28 and impacting around 2,000 employees, roughly half of them in Europe. Negotiations with the workers’ council have been concluded recently, enabling the stringent execution according to plan.
The continued implementation of the program delivered approximately EUR 10 million run-rate savings to date as of end of the second quarter.
Q2/26 - Cash Generation & Balance Sheet Update
Free cash flow – defined as operating cash flow including net interest paid minus cash flow from CAPEX including related grants plus proceeds from divestments – came in negative with EUR -119 million, driven by reduction of factoring, transformation cost for the ‘Simplify’ program and higher interest cost, due to paying related interest from the repaid 2029 senior notes. A year ago, this figure stood at minus EUR 14 million.
in EUR million
Q2 2026
Q1 2026
QoQ
Q2 2025
YoY
FCF (incl. net interest paid, adj.)
-119
37
n.m. 2)
-14
n.m. 2)
Cash on hand
994
1,317
-25 %
511
+95 %
Net debt
1,288
1,071
+20 %
1,570
-18 %
Kulim-2 SLB (Sale-and-Lease-Back) 1)
457
454
+1 %
420
+9 %
Net debt (incl. SLB)
1,744
1,525
+14 %
1,990
-12 %
OSRAM minority put options
479
495
-3 %
570
-16 %
Under its accelerated and comprehensive plan to deleverage its balance sheet (announced 30 April 2025), the company has entered into multiple divestment agreements. These include the sale of its Specialty Lamps business to Ushio Inc., closed early March 2026, the divestment of its non-optical mixed-signal sensor business to Infineon, closed on 1 July 2026 and the divestment of its CMOS image sensor business to Indie, signed early May 2026.
In total, the company expects therefore approx. EUR 700 million proceeds, of which around EUR 660 million were received to date, with the closing of the sale of the image sensor business pending.
As of 30 June 2026, the company held cash and cash equivalents of EUR 994 million (the proceeds from the divestment of the non-optical sensor business were received on 01 July 2026).
Consequently, the net debt position stood at EUR 1,288 million at the end of Q2/26, compared to EUR 1,071 million at the end of Q1/26. The equivalent value of the Malaysia sale-and-leaseback (SLB) Malaysia transaction increased by EUR 3 million, reflecting the net effect of quarterly accrued interest and movements in the MYR exchange rate.
At the end of Q2/26, the Group held approx. 89 % of the shares of OSRAM Licht AG.
Q2/26 - Business Unit (BU) Results & Industry Update
Semiconductor Business
Semiconductor revenues amounted to EUR 621 million in Q2 2026, compared to EUR 583 million a year ago. The core portfolio continued to grow, supported by custom sensor products that were introduced two years ago, which largely offset the impact from divested or discontinued non‑core activities. On a comparable basis, semiconductor growth was approx. 13 %, adjusting for the EUR/USD headwind (approx. EUR 11 million) and the discontinued non‑core portfolio.
in EUR million
Q2 2026
Q1 2026
QoQ
Q2 2025
YoY
Opto Semiconductors (OS)
Revenue
364
327
+11 %
344
+6 %
EBITDA margin adj. %
17.7 %
16.8 %
+90 bps
22.9 %
-520 bps
EBITDA adj.
65
55
+18 %
79
-18 %
EBITDA margin %
14.2 %
2.5 %
+1170 bps
17.6 %
-340 bps
EBITDA
52
8
+524 %
61
-15 %
CMOS Sensors & ASICs (CSA)
Revenue
257
224
+14 %
239
+7 %
EBITDA margin adj. %
16.3 %
10.9 %
+540 bps
18.0 %
-170 bps
EBITDA adj.
42
24
+75 %
43
-2 %
EBITDA margin %
13.9 %
7.8 %
+610 bps
15.0 %
-110 bps
EBITDA
36
17
+104 %
36
+0 %
Semiconductors by industry
Automotive
231
217
+6 %
229
+1 %
I&M
204
156
+31 %
171
+19 %
Consumer
186
178
+4 %
183
+2 %
Total Semiconductors (sum)
621
551
+13 %
583
+7 %
Optical Semiconductors (OS)
In OS, business improved across the board both seasonally and structurally with showing strong growth sequentially, but also in a year-on-year comparison. In automotive, strong order entry was driven by content and market-share gains including potentially some supply-chain restocking against the backdrop of weaking global car production and soft car sales in certain regions. In Industrial, a strong improvement in horticulture and broad-based momentum in industrial applications drove the good quarterly contribution despite continued macro uncertainty. Short-term ordering patterns remained the norm, especially in automotive. Adjusted EBITDA improved to EUR 65 million from EUR 55 million in Q1 reflecting operating leverage, partly offset by inventory revaluation related to factor cost movements and product mix changes. (Non-adjusted) EBITDA reached EUR 52 million, reflecting the same underlying drivers, compared to Q1 which was impacted by one-time transformation cost accruals. Year-on-year, adjusted and non-adjusted EBITDA were lower primarily due to FX headwinds in the cost base and high raw material cost.
CMOS Sensors & ASICs (CSA):
CSA revenues improved to EUR 257 million from EUR 224 million in Q1/26, driven by seasonality across the consumer portfolio and strong traction in the non-optical sensor business (which was transferred to Infineon 01-July-2026, whilst manufacturing services continue). Profitability scaled largely in line with revenue growth. Adjusted EBITDA rose to EUR 42 million from EUR 24 million in Q1/26, demonstrating strong operating leverage. Non-adjusted EBITDA came in at EUR 36 million. Compared to the prior year, adjusted and non-adjusted EBITDA reflected higher R&D investments funding strategic growth initiatives as well as FX headwinds.
Semiconductors industry dynamics
Automotive:
Automotive revenues increased quarter-on-quarter based on a strong order entry driven by content and share gains and potentially some supply-chain restocking against the backdrop of weaking global car production and soft car sales in certain regions. Customers continued to order on very short notice. Year-on-year, Automotive increased by 1 % including FX headwinds. The LED / Opto Semiconductors automotive business grew approx. 5 % on a like-for-like basis year-on-year.
Industrial & Medical (I&M):
I&M revenues increased sharply by 31 % quarter‑on‑quarter to EUR 204 million, reflecting an industrial recovery, strong horticulture business with share gains and strong order entry ahead of the deconsolidation of non-optical sensor business. Year‑on‑year, I&M surged by 19 % in line with the broader industrial recovery and share gains in horticulture as an example.
Consumer:
Consumer revenues improved seasonally to EUR 186 million from EUR 178 million in Q1/26. Towards the end of the quarter, signs of weakening demand showed up in components for Android based smart phones, driven by the known shortages in memory products that lead to lower production rates at phone makers. Year‑on‑year, revenues increased by 2 % despite the exit of non-core portfolio products and FX headwinds. On a like-for-like basis, consumer revenues grew approx. 15 % in a year-on-year comparison.
Lamps & Systems Business (L&S, traditional auto & industrial lamps):
Lamps & Systems accounted for approx. 23 % of Group revenues in Q2/26. Reflecting the deconsolidation of the Specialty Lamps business, revenues declined 25 % quarter-on-quarter. Within the remaining automotive-focused business, revenues decreased 17 %, consistent with normal seasonality.
in EUR million
Q2 2026
Q1 2026
QoQ
Q2 2025
YoY
Revenue (reported)
184
244
-25 %
192
-4 %
Revenue (excl. divested biz)
175
211
-17 %
153
+14 %
EBITDA margin adj. %
18.3 %
22.8 %
-450 bps
15.2 %
+310 bps
EBITDA adj.
34
56
-40 %
29
+16 %
EBITDA margin
17.2 %
17.8 %
-53 bps
10.5 %
+670 bps
EBITDA
32
43
-27 %
20
+57 %
This is particularly evident in the year-on-year comparison when only looking at the remaining automotive business. Business improved by 14%, highlighting the Company’s ability to capture meaningful share gains amid structural shifts in the competitive landscape.
Adj. EBITDA declined to EUR 34 million from EUR 56 million in Q1/26, driven by lower production volumes and the deconsolidation effect of the sold Specialty Lamps business. As a result, the adjusted EBITDA margin landed at a still very strong 18.3 %. Non-adjusted EBITDA margin came in at 17.2 %. Year-on-year, profitability improved meaningfully. Adj. EBITDA rose from EUR 29 million to EUR 34 million in Q2/26. (Non-adjusted) EBITDA even improved by 57% and landed at EUR 32 million.
Guidance for the third quarter 2026
Important note: due to closing the sale of the non-optical sensor business to Infineon on 01-July-2026, the typical seasonal upswing into the second half is masked by deconsolidation of this business.
Business guidance
in EUR million
Q3 2026
low
mid
high
Revenue
770
820
870
quarter-on-quarter
-4 %
+2 %
+8 %
EBITDA margin adj. %
14.5 %
16.0 %
17.5 %
For its semiconductor business, the Company expects:
Automotive: strengthening demand in line with content growth and seasonal patterns; short-term ordering patterns remain the norm. Industrial: continued gradual market recovery, albeit at a reduced reported revenue base following deconsolidation of the non-optical sensor business. Consumer: soft seasonal upswing in view of modest global smartphone sales outlook. Overall, the semiconductor business is expected to stay broadly flat – reflecting the normal seasonal uplift and structural growth offset by the deconsolidation of the non-optical sensor business.
For its traditional automotive lamps business, the Company expects a quarter‑on‑quarter revenue increase in line with the typical seasonal pattern of the automotive aftermarket lighting business.
As a result, the Group expects third quarter revenues in a range of EUR 770 to 870 million assuming a EUR/USD exchange rate of 1.15. The impact of the weaker USD on revenues compared to a year ago is of the order of EUR 10 million. The impact of the sale of the non-optical sensor business to Infineon is of the order of EUR 40 million and 20 million EUR EBITDA and thus reducing the typical upswing into the third quarter.
The company expects adjusted EBITDA to come in at 16.0 % +/-1.5 % in line with revenue development and the margin dilution effect caused by the deconsolidation of the non-optical sensor business whilst still providing manufacturing services to the buyer at a service margin.
Comments on FY26 & FY27
The FY26 expectations remain broadly unchanged versus three months ago.
In light of the divestments and a weaker USD, the company continues to anticipate a slight year-on-year softening in revenue. Adjusted EBITDA is expected to be negatively affected by various one-off impacts, including effects related to divestments, stranded costs, higher precious-metal prices and other temporary factors.
For FY27, the company continues to see a path to return to positive Free Cash Flow (including net interest, excluding divestments).
Additional Information
Additional financial information as well as a comprehensive investor presentation for the second quarter 2026 is available on the company website.
ams OSRAM will host a press call as well as a conference call for analysts and investors on the second quarter 2026 results on Tuesday, 04 August 2026. The conference call for analysts and investors will start at 9:45 a.m. CEST and can be joined via webcast. The conference call for journalists will take place at 11:00 a.m. CEST.
Apple požádal soud o předběžné opatření, které by OpenAI a dvěma bývalým zaměstnancům zabránilo v přístupu, získávání, používání nebo zveřejňování údajných důvěrných informací. Spor se týká údajného zneužití obchodních tajemství při vývoji spotřebního hardwaru.
Item 1 of 2 View of an Apple logo at an Apple store in Paris, France, April 23, 2025. REUTERS/Abdul Saboor/File Photo
[1/2]View of an Apple logo at an Apple store in Paris, France, April 23, 2025. REUTERS/Abdul Saboor/File Photo Purchase Licensing Rights, opens new tab
CompaniesAug 3 (Reuters) - Apple on Monday asked a U.S. judge for a preliminary injunction barring two former employees and OpenAI from accessing, acquiring, using or disclosing alleged confidential information as it moves ahead with its trade secrets case.
Apple last month sued OpenAI and the two former employees, both now working for OpenAI, alleging misappropriation of its trade secrets to benefit the ChatGPT-owner's foray into consumer hardware, a dramatic escalation of already simmering tension between the two companies.
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The iPhone maker also filed a concurrent motion on Monday seeking expedited discovery, including production of documents relating to the defendants' alleged access of Apple's proprietary and trade secret information.
It asked the judge to order the two former Apple employees named in the lawsuit, Chang Liu and Tang Yew Tan, to sit for depositions, along with OpenAI employee Yu-Ting Peng and an unnamed OpenAI employee who previously worked at Apple.
Liu is a former Apple senior system electrical engineer while Tan is Apple's former vice president of product design for iPhone and Apple Watch.
Apple also sought depositions from corporate representatives of OpenAI and io Products, which is OpenAI's commercial arm and is listed as a defendant in the lawsuit.
"Apple will be irreparably harmed absent a preliminary injunction," it said in a filing.
"Apple’s request for a preliminary injunction is both based on false information and completely unnecessary because we do not have, nor want, any of their trade secrets," OpenAI said in a blogpost late on Monday.
Apple's lawsuit, filed in the U.S. District Court for the Northern District of California, comes after OpenAI successfully fended off a legal challenge from Elon Musk's xAI.
The lawsuit sets up a battle over the control of future AI devices that may not use traditional apps or operating systems — devices which, if successful, would direct consumer attention away from Apple's best-selling iPhone. Analysts believe OpenAI is working on a phone or other device of its own.
(This story has been corrected to fix the hyperlink in paragraph 2)
Reporting by Sumedha Mukherjee and Shubham Kalia in Bengaluru; Editing by Kate Mayberry
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Jensen Huang odhaduje, že polovodičový průmysl může během zhruba deseti let vyrůst na 7,9 bilionu USD díky agentní AI. Z toho by mohly těžit Nvidia i Micron Technology.
The artificial intelligence (AI) revolution has so far defied the bears' prophecies of doom, and there are reasons to believe it will continue to do so. We may be entering the age of AI agents, or self-directed systems that can autonomously execute tasks, work toward goals, and help corporations achieve significant productivity gains. The agentic AI boom could catapult the semiconductor industry to new heights. Nvidia's (NVDA +2.93%) CEO, Jensen Huang, has a lot to say on the topic. After predicting in a recent Bloomberg interview that we will eventually have billions of AI agents, here's what he said about how big the industry needs to be to support that agentic AI explosion:
My guess is the semiconductor industry will probably have to be 10 times larger than it is today over the next decade or so.
The industry was valued at roughly $791.7 billion last year, according to some estimates, so that means Huang believes it could be worth $7.9 trillion in a decade. As he said, that's a mere guess, but the general sentiment is that the industry will need to expand rapidly over the next 10 years as agentic AI takes over. Several companies could capitalize on this and deliver strong returns. Here are two stocks to consider to avoid getting left behind: Nvidia itself and Micron Technology (MU +0.79%).
Image source: Nvidia Corporation.
Nvidia remains the undisputed leader in the GPU (Graphics Processing Unit) market, and the company's financial results and guidance suggest sustained demand for its products. In the first quarter of its fiscal year 2027, ended April 26, Nvidia's revenue jumped by 85% year over year to $81.6 billion. Gross margins increased to 74.9%, up from 60.5% in the comparable period of the previous fiscal year. Nvidia's adjusted earnings per share (EPS) were $1.87, up 140% year over year.
The company famously projected $1 trillion in purchase orders for its Blackwell and Vera Rubin (which was released this year) through 2027. Nvidia's new Vera Rubin architecture is particularly important, since it includes the stand-alone Vera CPU (Central Processing Unit).
Today's Change
(
2.93
%) $
5.89
Current Price
$
206.64
Agentic AI systems run on CPUs, so there should be sustained demand in that corner of the industry as AI agents become increasingly popular. Nvidia projected $20 billion in stand-alone CPU revenue through the end of 2026, and sees a $200 billion addressable market in that niche alone. That highlights the fact that Nvidia is no longer just a GPU company. The semiconductor specialist builds not just the chips, but also the systems, software, and networking that power AI.
That grants Nvidia strong prospects as the industry marches forward, and the company doesn't seem too expensive at current levels. Nvidia is trading at 22.9x forward earnings, versus an average of 20x for information technology stocks. That valuation is fair, considering Nvidia's position in the industry.
2. Micron Technology Micron makes memory and storage chips used in everything from smartphones to data centers. The company's data center business has been its biggest growth driver in recent quarters, as the memory chip shortage has supported sustained demand for its hardware and given it significant pricing power. Micron's financial results have exploded as a result.
In the third quarter of its fiscal year 2026, ended on May 28, Micron's revenue was $41.46 billion, growing by almost 346% year over year. The company's margins improved significantly, as did the bottom line. Micron's adjusted EPS of $25.11 was about 1215% higher than the year-ago period.
Meanwhile, one of the company's biggest competitors, Samsung Electronics, expects the memory chip shortage to last at least until 2028. And beyond that, if Huang's predictions about the semiconductor industry's direction over the next decade are even remotely correct, demand for Micron's products should remain healthy over this period. The market isn't convinced, though.
Today's Change
(
0.79
%) $
6.47
Current Price
$
829.50
The stock is experiencing a pullback, with shares down 15% over the past month as many investors take some profits, fearing its amazing run won't last much longer. But as a counterpoint, Micron is trading at just 5.3x forward earnings, which seems like a bargain given how quickly revenue and earnings are growing. Further, the company has signed several long-term supply agreements that somewhat protect it against a sharp decline in revenue and earnings if demand for its products slows.
What does all this mean for investors? The tech stock could deliver outstanding returns over the long run if the AI industry maintains its momentum or the memory chip shortage persists. Investors who believe either outcome is likely should consider buying Micron's shares on the dip.
Michael Burry has increased bearish bets on Nvidia, Micron and the semiconductor sector, challenging Wall Street’s confidence in the artificial-intelligence boom.
In a July 30 update on his personal Substack, Burry said he added Nvidia put options expiring on December 18, 2026, increased a Micron short near $880 and expanded an iShares Semiconductor ETF short around $506.
Unlike a 13F filing, the update does not reveal position sizes, option premiums or hedges.
Burry’s Nvidia puts carry strike prices in the low $100s, far below Monday’s $206.64 close.
Nvidia does not need to fall below those strikes for them to gain as falling shares, higher volatility or weaker expectations could lift them before expiry.
His concern extends beyond valuation. Burry has questioned hyperscaler spending, circular financing between chipmakers and customers, and whether hardware improvements make costly processors obsolete before buyers recover their investment.
Micron represents a more cyclical wager as Burry added to his short near $880, while the shares closed Monday at about $829.11.
That addition is below its reported entry level, although his total exposure, average cost and borrowing expenses remain unknown.
Nvidia and Micron rose on Monday. Expanding bearish exposure into that rebound suggests Burry believes sentiment has not resolved the industry’s deeper risks.
The risk remains customer concentration as higher borrowing costs or disappointing AI returns could force cash-rich technology groups to become more selective.
The strongest challenge comes from Nvidia’s customers. Jefferies analysts said Microsoft and Amazon’s latest results offered evidence that AI investment can produce tangible returns.
The firm believes worsening sentiment towards semiconductor stocks may have bottomed.
If cloud growth and margins keep accelerating, hyperscalers will have less reason to reduce spending on Nvidia processors and data-centre infrastructure.
Morningstar equity analyst Brian Colello is also bullish. Business Insider reported that Morningstar values Nvidia at $280 and considers the shares undervalued, although it gives the stock a “very high” uncertainty rating.
Colello said Nvidia’s prospects remain underestimated because technology customers should sustain AI spending.
Morningstar also expects internally designed chips from Amazon, Google and others to complement, rather than replace, Nvidia’s broader hardware-and-software platform.
Micron may provide the clearer verdict because memory shortages have historically encouraged investment that eventually creates oversupply.
Bank of America analyst Vivek Arya argues that memory is becoming a strategic AI resource rather than an ordinary commodity.
Barron’s reported that he expects memory to represent 35% to 40% of global cloud and AI infrastructure spending in 2027. He retained a Buy rating and $1,550 target.
TD Cowen analyst Krish Sankar has also forecast favourable pricing into 2027, according to MarketWatch, supported by higher memory content and high-bandwidth memory’s tighter supply structure.
Yet capacity is expanding. Micron has raised its investment plans, Samsung and SK Hynix are adding production, and China’s CXMT is pursuing further growth.
Prologis se dohodl na doporučené akvizici SEGRO za zhruba 18,8 miliardy USD. Transakce rozšíří evropskou platformu Prologis a čeká na schválení akcionářů a regulátorů.
Combination expands Prologis' European platform and enhances long-term growth opportunities
, /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) today announced that it has reached agreement with the board of SEGRO plc (LSE: SGRO) on the terms of a recommended acquisition of SEGRO, valuing SEGRO's entire issued and to be issued ordinary share capital at approximately $18.8 billion.
Daniel S. Letter, chief executive officer of Prologis, commented:
"We are pleased to have reached agreement with the SEGRO Board on a combination that we believe will create meaningful value. This deal brings together SEGRO's exceptional portfolio and customer relationships with Prologis' global platform, operating expertise and financial strength.
We have great respect for SEGRO, its people and the business they have built over many years. The constructive engagement between our leadership teams throughout this process has reinforced our confidence in the opportunity ahead.
As we move forward, we will approach the work ahead thoughtfully and deliberately. We look forward to building on the strengths of both companies and creating even greater value for our customers and shareholders."
Combination Highlights
The combination will:
bring together two premier portfolios in a global platform with approximately $269 billion of assets under management; strengthen the customer value proposition through a more connected global network; create a European operating portfolio of 368 million square feet, expanding Prologis' European footprint by 47%; establish a combined European development pipeline of 13 million square feet while increasing Prologis' European land bank by 126%; and expand long-term growth opportunities across logistics, energy and digital infrastructure. Transaction Terms
Under the terms of the recommended acquisition, SEGRO shareholders will receive 0.0920 new Prologis shares for each SEGRO share. Shareholders may elect to receive cash in lieu of some or all of their Prologis share consideration, subject to the terms of the partial cash alternative. SEGRO shareholders will also be entitled to receive and retain any 2026 interim dividend of up to 10.14 pence per SEGRO share and any 2026 final dividend of up to 22.56 pence per SEGRO share, which SEGRO intends to pay prior to closing.
The maximum aggregate amount of cash available under the partial cash alternative is approximately £3.5 billion. Each SEGRO shareholder's basic entitlement under the partial cash alternative is equal to 25% of the fixed price of 1,031.7 pence per SEGRO share. Accordingly, a shareholder electing to receive only its basic entitlement would receive 258 pence in cash and 0.0690 new Prologis shares for each SEGRO share.
Shareholders may elect to receive less than or more than their basic entitlement. Elections to receive cash in excess of the basic entitlement will be scaled back on a pro rata basis if aggregate cash elections exceed the maximum cash available. Shareholders who do not elect to participate in the partial cash alternative will receive 0.0920 new Prologis shares for each SEGRO share.
The cash consideration payable under the partial cash alternative will be funded through a committed term loan facility, together with existing liquidity and other available sources of funding.
Further details are available in the Rule 2.7 announcement, which is posted on the transaction microsite accessible through Prologis' investor relations website.
Expected Financial Impact
The combination is expected to enhance Prologis' long-term earnings and return potential. In the first full year following completion, assuming annualized run-rate synergies, the combination is expected to have a broadly neutral to minimally dilutive impact on Core FFO per share and AFFO per share.
Prologis expects to maintain A2/A credit ratings from Moody's and S&P.
Approvals and Timing
The boards of Prologis and SEGRO have reached agreement on the terms of the transaction, and the SEGRO board unanimously intends to recommend it. The transaction is expected to close in the first half of 2027, subject to the requisite approvals of SEGRO shareholders, sanction of the scheme by the court, receipt of applicable regulatory approvals and satisfaction of customary closing conditions.
The transaction does not require approval by Prologis shareholders.
As part of the transaction, Prologis will apply for a secondary listing of its shares on the London Stock Exchange, with the approval of that application being a condition to completion.
ABOUT PROLOGIS
The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.
FURTHER INFORMATION
This document is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or pursuant to an exemption from registration under the Securities Act of 1933, as amended.
FORWARD-LOOKING STATEMENTS
The statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we and SEGRO operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "will," "can" and "estimates" including variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future—including statements relating to the combination, rent and occupancy growth, acquisition and development activity, including data center developments and power procurement related thereto, contribution and disposition activity, general conditions in the geographic areas where we and SEGRO operate, expectations regarding new lines of business, our and SEGRO's respective debt, capital structure and financial position, our or SEGRO's ability to earn revenues from co-investment ventures, form new co-investment ventures and the availability of capital in existing or new co-investment ventures—are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) Prologis' and SEGRO's ability to complete the combination on the proposed terms or on the anticipated timeline, or at all, including risks and uncertainties relating to satisfying the conditions to the combination; (ii) the effect of the combination on the ability of Prologis and SEGRO to operate their respective businesses and retain and hire key personnel and to maintain favorable business relationships; (iii) failure to realize expected benefits or synergies of the combination; (iv) significant transaction costs and/or unknown or inestimable liabilities; (v) the risk of shareholder litigation in connection with the combination, including resulting expense or delay; (vi) the risk that SEGRO's business will not be integrated successfully or that such integration may be more difficult, time-consuming or costly than expected; (vii) risks related to future opportunities and plans for the combined company, including the uncertainty of expected future financial performance and results of the combined company following the closing of the transaction; (viii) risks related to the market value of the Prologis shares to be issued as consideration in the combination, including foreign currency exchange rates; (ix) other risks related to the completion of the combination and actions related thereto; (x) international, national, regional and local economic and political climates and conditions; (xi) changes in global financial markets, interest rates and foreign currency exchange rates; (xii) increased or unanticipated competition for our properties; (xiii) risks associated with acquisitions, dispositions and development of properties, including those specific to data center development and the integration of the operations of significant real estate portfolios; (xiv) maintenance of Real Estate Investment Trust status, tax structuring and changes in income tax laws and rates; (xv) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (xvi) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (xvii) risks of doing business internationally, including currency risks; (xviii) environmental uncertainties, including risks of natural disasters; and (xix) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading "Risk Factors." We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law.
NXP Semiconductors oznámila, že její UWB řešení Trimension NCJ29D6 nasadí BMW Group ve své flotile, začínaje vybranými programy vozů pro rok 2026. Technologie má umožnit Digital Key Plus i detekci přítomnosti v kabině.
NXP’s Trimension Ultra-Wideband (UWB) ranging and radar solutions will be deployed by the BMW Group across its fleet, starting with selected 2026 vehicle programsNXP’s Trimension NCJ29D6 family allows OEMs to use one UWB system for multiple use cases, from presence detection to hands-free car accessNXP’s single-chip secure UWB solution addresses both safety and convenience applications to maximize system value for OEMs
EINDHOVEN, The Netherlands, Aug. 04, 2026 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI) today announced that its Trimension NCJ29D6 family will be deployed in the BMW Group’s fleet, starting with selected 2026 vehicle programs. Part of the industry’s broadest UWB portfolio, the Trimension NCJ29D6 is the first monolithic automotive UWB solution to combine secure fine-ranging and robust short-range radar capabilities, enabling important safety applications such as presence detection.
Drivers benefit from a combination of enhanced safety features, such as presence detection, which provides continuous support during use. Despite this assistance, the driver retains full control of the vehicle and remains responsible at all times. Beyond a potential safety enhancement, UWB connectivity offers seamless convenience. For instance, BMW’s UWB-based Digital Key Plus replaces the traditional key fob with a smartphone or a smart watch. This allows drivers to securely unlock and lock the vehicle automatically and hands-free, even triggering personalized experiences like individual light conditions and welcome sequence upon approach.
Addressing potentially emerging regulatory requirements and supporting future NCAP protocols in Europe and China, presence detection technology helps reduce the risk of vulnerable passengers being left behind in a vehicle, where temperature levels can be unsafe. NXP’s Trimension NCJ29D6 utilizes UWB technology to detect a living being left behind in the car by identifying subtle motion patterns consistent with occupant presence. The in-cabin presence detection system indicates the possible presence of people or animals in the cabin when parked and sends a warning message to vehicle users.
“NXP’s proven Trimension UWB platform maximizes value for OEMs, using a single system to deliver multiple new and differentiating features for drivers,” said Markus Staeblein, Senior Vice President and General Manager, Secure Car Access, NXP Semiconductors. “Digital key and presence detection are just the beginning. OEMs will be able to deliver additional UWB-based features, such as kick sensing, intrusion alert or automatic charging, as they establish the secure hardware platform in their vehicles.”
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI) is the trusted partner for innovative solutions in the automotive, industrial & IoT, mobile, and communications infrastructure markets. NXP's "Brighter Together" approach combines leading-edge technology with pioneering people to develop system solutions that make the connected world better, safer, and more secure. The company has operations in more than 30 countries and posted revenue of $12.27 billion in 2025. Find out more at www.nxp.com.
HCA Healthcare prudce snížila celoroční výhled na zisk na 28,70 až 30,50 USD na akcii a upozornila na dopad nepojištěných pacientů, který ve čtvrtletí snížil tržby asi o 400 milionů USD.
The law firm of Kirby McInerney LLP reminds investors of its investigation on behalf of HCA Healthcare, Inc. (“HCA Healthcare” or the “Company”) (NYSE: HCA) investors concerning the Company’s and/or members of its senior management’s possible violation of the federal securities laws or other unlawful business practices.
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What Happened?
On July 14, 2026, HCA Healthcare issued a press release reporting its preliminary financial and operating results for the second quarter of 2026. Among other items, HCA Healthcare sharply lowered its full-2026 profit guidance, citing an unfavorable shift in the Company’s payer mix, driven by an increase in uninsured volume—primarily due to patients who had lost coverage on health insurance exchanges—which impacted revenue by approximately $400 million in the quarter. The Company lowered its forecast for 2026 earnings to between $28.70 and $30.50 a share and narrowed its revenue target to $77 billion to $79.5 billion from a prior $76.5 billion to $80 billion range. Adjusted earnings before interest, taxes, depreciation and amortization are targeted at between $15.4 billion and $16.1 billion, where HCA Healthcare previously anticipated $15.55 billion to $16.45 billion.
On this news, HCA Healthcare’s stock price fell $27.14 per share, or 6.95%, to close at $363.60 per share on July 14, 2026.
What Should I Do?
At this stage, no lawsuit has been filed. The investigation is ongoing to determine whether claims may be brought under federal securities laws. Click here to learn more about securities class actions.
If you purchased or otherwise acquired HCA Healthcare securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.
[LEARN MORE ABOUT THE INVESTIGATION]
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260803791643/en/
SentinelOne rozšířila Wayfinder Frontier AI Services o nové služby s Claude a jmenovala LevelBlue hlavním partnerem pro remediaci hrozeb. Novinka má pomoci rychleji odhalovat a opravovat AI-řízené útoky napříč celou útočnou plochou.
New Claude-powered services, expanded partnership with LevelBlue, and Wayfinder MDR Workflows highlight latest in SentinelOne’s human+AI managed defense offerings
LAS VEGAS--(BUSINESS WIRE)--SentinelOne® (NYSE: S), the AI Security leader, today announced the expansion of Wayfinder Frontier AI Services to help customers stop AI-enabled threats before they can materialize. First announced in April 2026, the expanded offering brings together the latest models from Anthropic, SentinelOne’s elite cyber experts, and strategic partners like LevelBlue, to deliver continuous, intelligence-led discovery, prioritization, and remediation across a customer's full attack surface.
The offering is the latest from Wayfinder, SentinelOne’s managed services arm. Organizations of all sizes continue to grapple with the question of what frontier AI models mean when it comes to revealing and chaining potential vulnerabilities, exploits, and latent zero days in their enterprise. With Wayfinder Frontier AI Services, SentinelOne helps organizations quickly find the signal in the noise, identifying and validating the realistically exploitable threats versus a growing list of new vulnerabilities and misconfigurations. Customers are given clear and prioritized remediation guidance, making compromise assessments immediately actionable. As a result, security teams can maintain an operating advantage by capitalizing on the power of frontier AI to fortify their defenses before these same models can be used against them.
“Frontier AI models are powerful enough to find real exposure paths, but they still need experienced humans to validate what's real, what's noise, and what to do next,” said Steve Stone, Chief Customer Officer, SentinelOne. “That's exactly what Wayfinder Frontier AI Services delivers. Our analysts working alongside Anthropic's latest models, layered directly on the telemetry customers already have, so nothing gets lost between detection and action.”
The expanded Wayfinder Frontier AI Services leverage the latest models from Anthropic. SentinelOne also plans to extend this coverage to OpenAI’s GPT-5.5-cyber and GPT-5.6 models, as well as models from other frontier AI labs in the future to offer a fully multi-model approach.
LevelBlue Named Premier Remediation Partner for Wayfinder Frontier AI Services
As part of the general availability launch, SentinelOne has named LevelBlue as Wayfinder’s premier remediation partner. The expanded partnership complements Wayfinder’s own cyber experts by bringing in distinct, best-in-class remediation services. SentinelOne customers that receive prioritized threat assessments and findings from Wayfinder Frontier AI Services are offered the options of a seamless, coordinated exchange with LevelBlue experts to develop and execute prioritized, milestone-based remediation programs. As a result, security teams can reduce risk and strengthen long-term resilience in their software and application environments.
“Finding a confirmed vulnerability is only half the job,” said Spencer Lynch, SVP of Professional Services, LevelBlue. “What matters is knowing which ones actually matter, getting developers a fix that works, and confirming it holds up after deployment. Pairing Wayfinder's exploitability findings with LevelBlue's remediation expertise gives customers a complete path from discovery to resolution, not just a longer list of problems.”
Additional Wayfinder Innovation Unveiled at Black Hat
Wayfinder MDR Workflows – This new capability adds customizable Hyperautomation workflows into the MDR customer experience. SentinelOne’s Wayfinder MDR analysts validate and escalate threats; customers dictate the automated response. From kicking off Slack channels and Jira tickets to executing direct response actions in Singularity™ and third-party software, Wayfinder customers remain in control of how their SOC workflows trigger and execute once a Wayfinder-qualified threat is received. The new capabilities will be previewed at Black Hat and will be generally available in August this year. Managed Threat Hunting Across an Expanded Attack Surface – Wayfinder's AI-powered threat hunting now extends into identity environments. Wayfinder Threat Hunting for Identity covers Okta and Microsoft Entra ID. From low-and-slow endpoint tradecraft to MFA fatigue attacks and session hijacking, every finding is analyst-validated before it reaches the customer's SOC. The new capabilities are generally available and included at no additional cost for existing Wayfinder Threat Hunting customers. About SentinelOne
SentinelOne (NYSE: S) is the leader in AI security, setting the standard for using AI and automation to give defenders a decisive operating advantage. Built for those who secure our world, its platform delivers unified coverage across endpoints, identity, cloud, and AI. Powered by Autonomous Security Intelligence, SentinelOne stops attacks at machine speed, reducing risk and delivering clarity and control to stay one step ahead. Headquartered in Mountain View, California, with teams worldwide, SentinelOne protects nearly one-fifth of the Fortune 500 and hundreds of Global 2000 enterprises. From Main Street to Wall Street, the world's most critical organizations trust SentinelOne with their security.
Third-Party Disclaimer
All third-party product names, logos, and brands mentioned in this publication are the property of their respective owners and are for identification purposes only. Use of these names, logos, and brands does not imply affiliation, endorsement, sponsorship, or association with the third party.
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially. SentinelOne undertakes no obligation to update any forward-looking statements.
Equinor v rámci třetí tranše programu zpětného odkupu od 27. do 31. července koupil 660 000 vlastních akcií za průměrnou cenu NOK 382,2365. Po transakcích drží 15 135 775 vlastních akcií, tedy 0,63 % kapitálu.
Please see below information about transactions made under the third tranche of the 2026 share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR, CEUX:EQNRO, TQEX:EQNRO).
Date on which the buy-back tranche was announced: 22 July 2026.
The duration of the buy-back tranche: 23 July to no later than 26 October 2026.
Further information on the tranche can be found in the stock market announcement on its commencement dated 22 July 2026, available here: https://newsweb.oslobors.no/message/678529
From 27 July to 31 July 2026, Equinor ASA has purchased a total of 660,000 own shares at an average price of NOK 382.2365 per share.
Overview of transactions:
DateTrading venueAggregated daily volume (number of shares)Daily weighted average share price (NOK)Total daily transaction value (NOK) 27 JulyOSE125,000373.786046,723,250.00 CEUX TQEX 28 JulyOSE125,000374.202346,775,287.50 CEUX TQEX 29 JulyOSE125,000387.176848,397,100.00 CEUX TQEX 30 JulyOSE150,000388.342358,251,345.00 CEUX TQEX 31 JulyOSE135,000386.141552,129,102.50 CEUX TQEX Total for the periodOSE660,000382.2365252,276,085.00 CEUX TQEX Previously disclosed buy-backs under the trancheOSE220,000391.487786,127,300.00CEUX TQEX Total220,000391.487786,127,300.00 Total buy-backs under the tranche (accumulated)OSE880,000384.5493338,403,385.00CEUX TQEX Total880,000384.5493338,403,385.00 Following completion of the above transactions, Equinor ASA owns a total of 15,135,775 own shares, corresponding to 0.63% of Equinor ASA’s share capital, including shares under Equinor’s share savings programme (excluding shares under Equinor’s share savings programme, Equinor owns a total of 4,414,975 own shares, corresponding to 0.18% of the share capital).
This is information that Equinor ASA is obliged to make public pursuant to the EU Market Abuse Regulation and that is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
Appendix: A overview of all transactions made under the buy-back tranche that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.
Akcie Amazonu po dosažení tržní hodnoty 3 biliony USD klesly. V pondělí přitom uzavřely na rekordu 284,02 USD, zatímco Jeff Bezos může podle plánu prodat až 15 milionů akcií za zhruba 4,3 miliardy USD. AWS ve 2. čtvrtletí zvýšila tržby o 37 % na 42,2 miliardy USD.
Amazon stock NASDAQ:AMZN slipped overnight after the company entered the $3 trillion club, turning attention towards founder Jeff Bezos and a share-sale plan now worth billions.
The stock closed 4.6% higher at a record $284.02 on Monday, pushing Amazon’s market value above $3 trillion.
The rally followed a second-quarter report in which Amazon Web Services revenue grew 37%, its fastest pace in 18 quarters.
As per Amazon’s annual filing with the US Securities and Exchange Commission, Jeff Bezos can sell up to 15 million Amazon shares.
At Monday’s closing price, the full 15-million-share allocation would be worth about $4.3 billion. That is a major personal transaction, but it represents only around 0.14% of Amazon’s market value.
The optics are nevertheless striking. Amazon’s founder is positioned to convert shares into cash after the company reached a record valuation and Wall Street grew more confident that its artificial-intelligence investments are producing measurable demand.
The sale should not be read as a sudden bearish call. Amazon’s annual filing shows Bezos adopted the Rule 10b5-1 plan on November 14, 2025. It permits sales through February 26, 2027, subject to conditions.
That structure allows transactions to occur over an extended period and reduces the significance of any single sale date.
It also means Bezos did not decide to unload 15 million shares after Amazon crossed $3 trillion.
The plan looks well timed, but disciplined diversification at a strong valuation is different from declaring that Amazon has peaked.
Amazon reached the milestone because investors received clearer evidence that cloud and AI expenditure is translating into revenue.
AWS sales climbed 37% to $42.2 billion, accelerating from 28% growth in the first quarter and beating expectations for roughly 31% expansion. Operating income rose to $16.6 billion from $10.2 billion a year earlier.
Bernstein analyst Mark Shmulik said AWS had “finally” reached its long-awaited growth inflection.
Evercore ISI analyst Mark Mahaney described the quarter as a decisive revenue beat with Amazon moving through its capital-expenditure digestion phase faster and more profitably than feared.
Morningstar analyst Dan Romanoff told Barron’s that 37% growth was remarkable given AWS’s scale.
He said demand across conventional cloud and AI workloads supported management’s investment plans.
Those comments suggest Bezos would be selling into improving fundamentals, rather than a rally driven solely by market enthusiasm.
Amazon increased expected 2026 capital expenditure to $220 billion from $200 billion as it builds data centres, purchases chips and expands AI infrastructure.
Trailing 12-month free cash flow meanwhile fell to a $7.6 billion outflow, compared with positive cash generation a year earlier.
Zacks Investment Research strategist Ethan Feller told MarketWatch that the negative position was intentional but still “warrants monitoring” while spending remains elevated.
Amazon’s reported $62.6 billion quarterly net income also included $53.4 billion of pre-tax non-operating income, primarily linked to the rising value of its Anthropic investment, rather than ordinary business operations.
That makes cash generation the real test of the $3 trillion valuation.
AWS must sustain rapid growth, protect margins and ultimately produce enough cash to fund infrastructure while rewarding shareholders.
Wix ve 2. čtvrtletí zvýšil tržby o 15 % na 563,1 mil. USD a bookings o 12 % na 569,1 mil. USD. Firma zároveň čeká, že Base44 dosáhne ve 2. pololetí přibližně 60% non-GAAP hrubé marže.
Q2 bookings of $569 million, up 12% y/y, and revenue of $563 million, up 15% y/y, driven by strong Base44 performance and continued core Wix growthBase44 becomes first app-creation platform to launch proprietary LLM - Base 1 Provides greater direct control over the largest cost driver in AI-native businesses, compute and inference spendExpect Base44 to achieve ~60% non-GAAP gross margin in 2H, a significant improvement from near-zero non-GAAP gross margin entering the year NEW YORK -- Wix.com Ltd. (Nasdaq: WIX) (the “Company”), today reported financial results for second quarter 2026. In addition, the Company provided its outlook for the third quarter and reiterated expectations for the full year 2026. Please visit the Wix Investor Relations website at https://investors.wix.com to view the Q2'26 Shareholder Update and other materials.
"We are continuing to invest in Wix Harmony as well as Base44,” said Avishai Abrahami, Co-Founder and CEO of Wix. “We believe that in the long term, this strategy will position us to capture value in an evolving market. With the launch of Base 1, Base44's proprietary LLM, and the release of Wix Harmony's own model earlier this year, we're also developing a portfolio of purpose-built models that give us greater control and faster iteration. The Harmony model allowed us to expand quickly without additional cost, and now we’re already seeing the results in Base44, where improving margins demonstrate the underlying strength of the business model. The combination of these engines is powerful and we believe it creates a significant competitive advantage for Wix in the coming years.”
“The deployment of Base 1 marks a turning point in lowering our AI inference and compute costs,” said Lior Shemesh, CFO at Wix. “With this unit-economic breakthrough, we expect our AI costs to decrease significantly going forward. We now expect non-GAAP gross margin for Base44 to be approximately 60% in the second half of the year, a meaningful improvement from the near-zero non-GAAP gross margin entering this year. This lower cost structure is expected to improve our long-term profitability profile. Supported by this clear operational runway, we are increasing our TROI target for Base44, allowing us to more aggressively lean into our marketing efforts in the second half of the year. We believe this will enable us to attack the massive market opportunity ahead and drive growth for our shareholders over the long term.”
Q2 2026 Financial Results
Total revenue in the second quarter of 2026 was $563.1 million, up 15% y/y Total ARR was $1.963 billion at the end of the second quarter of 2026, up 15% y/y Creative Subscriptions revenue in the second quarter of 2026 was $398.4 million, up 15% y/yBusiness Solutions revenue in the second quarter of 2026 was $164.7 million, up 14% y/y Transaction revenue1 in the second quarter of 2026 was $71.5 million, up 12% y/y Partners revenue2 in the second quarter of 2026 was $213.8 million, up 17% y/yTotal bookings in the second quarter of 2026 were $569.1 million, up 12% y/y Creative Subscriptions bookings in the second quarter of 2026 were $405.8 million, up 11% y/yBusiness Solutions bookings in the second quarter of 2026 were $163.3 million, up 13% y/y Total gross margin on a GAAP basis in the second quarter of 2026 was 66% Creative Subscriptions gross margin on a GAAP basis was 80%Business Solutions gross margin on a GAAP basis was 32% Total non-GAAP gross margin in the second quarter of 2026 was 67% Creative Subscriptions gross margin on a non-GAAP basis was 80%Business Solutions gross margin on a non-GAAP basis was 33% GAAP net loss in the second quarter of 2026 was $76.4 million, or $1.78 per basic and diluted shareNon-GAAP net income in the second quarter of 2026 was $68.2 million, or $1.59 per basic share and $1.39 per diluted shareNet cash provided by operating activities for the second quarter of 2026 was $55.6 million, while capital expenditures totaled $2.9 million, leading to free cash flow of $52.6 millionExcluding restructuring costs, free cash flow for the second quarter of 2026 would have been $61.2 million, or 11% of revenueTotal employee count at the end of Q2’26 was 4,371 ____________________
1 Transaction revenue is a portion of Business Solutions revenue, and we define transaction revenue as all revenue generated through transaction facilitation, primarily from Wix Payments, as well as Wix POS, shipping solutions and multi-channel commerce and gift card solutions.
2 Partners revenue is defined as revenue generated through agencies and freelancers that build sites or applications for other users (“Agencies”) as well as revenue generated through B2B partnerships, such as LegalZoom or Vistaprint (“Resellers”). We identify Agencies using multiple criteria, including but not limited to, the number of sites built, participation in the Wix Partner Program and/or the Wix Marketplace or Wix products used (incl. Wix Studio). Partners revenue includes revenue from both the Creative Subscriptions (including Base44) and Business Solutions businesses.
Financial Outlook
We are maintaining our full year 2026 outlook following our June 2026 update and continue to expect revenue to grow at a low- to mid-teens percentage on a year-over-year basis. We also continue to expect bookings to grow at a low-teens percentage on a year-over-year basis, lagging revenue growth by a few points as a result of the more immediate impact of Partners softness on bookings. We expect Base44 to continue on its strong growth trajectory through the rest of the year, with significantly better non-GAAP gross margins.
For the third quarter of 2026, we expect revenue to grow at a low-double-digits percentage on a year-over-year basis.
For the full year 2026, we continue to expect FCF margin excluding acquisition and restructuring costs to be in the high-teens. This outlook assumes Base44 non-GAAP gross margin of approximately 60% in 2H, a significant improvement from the near-zero margin entering the year. This is expected to translate into approximately two points of total non-GAAP gross margin improvement in 2H vs. 1H for the consolidated business.
We plan to reinvest these AI cost savings into Base44 sales and marketing through the rest of the year as we raise our TROI threshold moderately in response to the structurally better margin profile of Base44. This increase reflects our expectation that demand for Base44 will remain elevated, enabling us to capture additional market share as the business continues to outperform, which remains our top priority.
We expect to offset this increased sales and marketing investment in Base44 with lower AI costs and decreased sales and marketing costs for core Wix in the second half of the year, in-line with seasonality and lapping the SuperBowl investments in the first half of the year. We expect R&D expenses to remain stable as the FX headwind from a strengthening Israeli Shekel offsets savings from our organizational realignment. As a result, we continue to expect non-GAAP operating margin for the consolidated basis to step up in the second half of the year when compared to the first half.
Conference Call and Webcast Information
Wix will host a conference call to discuss the results at 8:30 a.m. ET on Tuesday, August 4, 2026. A live and archived webcast of the conference call will be accessible from the "Investor Relations" section of the Company’s website at https://investors.wix.com/.
About Wix.com Ltd.
Wix’s vision is to simplify complex technologies and deliver the best tools for every type of user and business to create online. Powered by advanced AI and enterprise-grade infrastructure, Wix is trusted by hundreds of millions of users worldwide. Founded in 2006 and strengthened by the 2025 acquisition of Base44, the no-code application platform, Wix is continuing to build for the future of the internet.
For more about Wix, please visit our Press Room
Media Relations Contact: [email protected]
Non-GAAP Financial Measures and Key Operating Metrics
To supplement its consolidated financial statements, which are prepared and presented in accordance with U.S. GAAP, Wix uses the following non-GAAP financial measures: bookings, cumulative cohort bookings, bookings on a constant currency basis, revenue on a constant currency basis, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, free cash flow, free cash flow on a constant currency basis, free cash flow, as adjusted, free cash flow margins, non-GAAP R&D expenses, non-GAAP S&M expenses, non-GAAP G&A expenses, non-GAAP operating expenses, non-GAAP cost of revenue expense, non-GAAP financial expense, non-GAAP tax expense (collectively the "Non-GAAP financial measures"). Measures presented on a constant currency or foreign exchange neutral basis have been adjusted to exclude the effect of y/y changes in foreign currency exchange rate fluctuations. Bookings is a non-GAAP financial measure calculated by adding the change in deferred revenues and the change in unbilled contractual obligations for a particular period to revenues for the same period. Bookings include cash receipts for premium subscriptions purchased by users as well as cash we collect from business solutions, as well as payments due to us under the terms of contractual agreements for which we may have not yet received payment. Cash receipts for premium subscriptions are deferred and recognized as revenues over the terms of the subscriptions. Cash receipts for payments and the majority of the additional products and services (other than Google Workspace) are recognized as revenues upon receipt. Committed payments are recognized as revenue as we fulfill our obligation under the terms of the contractual agreement. Non-GAAP gross margin represents gross profit calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related expenses and amortization, divided by revenue. Non-GAAP operating income (loss) represents operating income (loss) calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, amortization, acquisition-related and restructuring expenses and sales tax expense accrual and other G&A expenses (income). Non-GAAP net income (loss) represents net loss calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, amortization, sales tax expense accrual and other G&A expenses (income), amortization of debt discount and debt issuance costs and acquisition-related and restructuring expenses and non-operating foreign exchange expenses (income). Non-GAAP net income (loss) per share represents non-GAAP net income (loss) divided by the weighted average number of shares used in computing GAAP loss per share. Free cash flow represents net cash provided by (used in) operating activities less capital expenditures. Free cash flow, as adjusted, represents free cash flow further adjusted to exclude the capital expenditures and other expenses associated with the buildout of our new corporate headquarters, and cash acquisition-related and restructuring expenses. Free cash flow margins represent free cash flow divided by revenue. Non-GAAP cost of revenue represents cost of revenue calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related expenses and amortization. Non-GAAP R&D expenses represent R&D expenses calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related expenses and amortization. Non-GAAP S&M expenses represent S&M expenses calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related expenses and amortization. Non-GAAP G&A expenses represent G&A expenses calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related expenses and amortization. Non-GAAP operating expenses represent operating expenses calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related expenses and amortization. Acquisition-related expenses include transaction costs and retention payments that would not otherwise have been incurred by us in the normal course of our business. Non-GAAP financial expense represents financial expense calculated in accordance with GAAP as adjusted for unrealized gains of equity investments, amortization of debt discount and debt issuance costs and non-operating foreign exchange expenses. Non-GAAP tax expense represents tax expense calculated in accordance with GAAP as adjusted for provisions for income tax effects related to non-GAAP adjustments.
The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. The Company uses these non-GAAP financial measures for financial and operational decision making and as a means to evaluate period-to-period comparisons. The Company believes that these measures provide useful information about operating results, enhance the overall understanding of past financial performance and future prospects, and allow for greater transparency with respect to key metrics used by management in its financial and operational decision making.
For more information on the non-GAAP financial measures, please see the reconciliation tables provided below. The accompanying tables have more details on the GAAP financial measures that are most directly comparable to non-GAAP financial measures and the related reconciliations between these financial measures. The Company is unable to provide reconciliations of free cash flow, free cash flow margin, free cash flow margin, excluding acquisition-related and restructuring costs and the impact of our repurchase program, free cash flow, as adjusted, bookings, cumulative cohort bookings, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating expenses as a percentage of revenue, and non-GAAP tax expense to their most directly comparable GAAP financial measures on a forward-looking basis without unreasonable effort because items that impact those GAAP financial measures are out of the Company's control and/or cannot be reasonably predicted. Such information may have a significant, and potentially unpredictable, impact on our future financial results.
Wix also uses Creative Subscriptions Annualized Recurring Revenue (ARR) as a key operating metric. Creative Subscriptions ARR is calculated as Creative Subscriptions Monthly Recurring Revenue (MRR) multiplied by 12. Creative Subscriptions MRR is calculated as the total of (i) the total monthly revenue of all Creative Subscriptions (including Base44) in effect on the last day of the period, other than domain registrations; (ii) the average revenue per month from domain registrations multiplied by all registered domains in effect on the last day of the period; and (iii) monthly revenue from other partnership agreements including enterprise partners, in effect in the last month of the period. Business Solutions Annualized Recurring Revenue (ARR) is calculated as Business Solutions Monthly Recurring Revenue (MRR) multiplied by 12. Business Solutions MRR is calculated as the total monthly value of Business Solutions subscriptions in effect on the last day of the period. Business Solutions subscriptions include, but are not limited to, subscriptions such as Google Workspace, Email Marketing, and recurring paid ads.
Forward-Looking Statements
This document contains forward-looking statements, within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such forward-looking statements may include projections regarding our future performance, including, but not limited to revenue, bookings and free cash flow, and may be identified by words like “anticipate,” “assume,” “believe,” “aim,” “forecast,” “indication,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “subject,” “project,” “outlook,” “future,” “will,” “seek” and similar terms or phrases. The forward-looking statements contained in this document, including the quarterly and annual guidance, are based on management’s current expectations, which are subject to uncertainty, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Important factors that could cause our actual results to differ materially from those indicated in the forward-looking statements include, among others, our expectation that we will be able to attract and retain registered users and partners to our various offerings, and generate new paid subscriptions, in particular as we continuously adjust our marketing strategy and as the macro-economic environment continues to be turbulent; our expectation that we will be able to increase the average revenue we derive per paid subscription, including through our partners; our expectation that new products and developments (such as Wix Harmony and/or our proprietary LLMs), as well as third-party products we will offer in the future within our platform, will receive customer acceptance and satisfaction, including the growth in market adoption of our online commerce solutions and our Wix Studio product, as well as our Base44 offering; our expectations regarding our ability to develop relevant and required products using artificial intelligence (“AI”), the legal and regulatory environment impacting AI and AI-related activities; cybersecurity, privacy and intellectual property, and potential competitive impacts from AI tools (including the impact on our business of users and potential users choosing to build their online presence using other AI products), and other risks associated with AI technologies; our assumption that historical user behavior can be extrapolated to predict future user behavior, in particular during turbulent macro-economic environments; our prediction of the future revenues and/or bookings generated by our user cohorts and our ability to maintain and increase such revenue growth, as well as our ability to generate and maintain elevated levels of free cash flow and profitability; our expectation to maintain and enhance our brand and reputation; our expectation that we will effectively execute our initiatives to improve our user support function through our Customer Care team, and continue attracting registered users and partners, and increase user retention, user engagement and sales; our ability to successfully expand our payment infrastructure to transact in additional local currencies and accept additional payment methods; our expectation regarding the impact of fluctuations in foreign currency exchange rates, interest rates, potential illiquidity of banking systems, and other recessionary trends on our business; our expectations relating to the repurchase of our ordinary shares and/or convertible notes pursuant to our repurchase program, or as required; our expectation that we will comply with the restrictions under our Credit Agreement; our expectation that we will effectively manage our infrastructure; our expectation that we will efficiently and successfully manage cybersecurity risks and incidents; our expectations regarding the outcome of any regulatory investigation or litigation, including class actions; our expectations regarding future changes in our cost of revenues and our operating expenses on an absolute basis and as a percentage of our revenues, including as a result of elevated costs related to AI; our expectation with respect to future sales of our ordinary shares by directors, officers or large shareholders; our expectations regarding changes in the global, national, regional or local economic, business, competitive, market, and regulatory landscape, including as a result of the war and hostilities between Israel and Hamas, Hezbollah, Iran and the Houthi movement in Yemen and/or the Ukraine-Russia war and any escalations thereof and potential for wider regional instability and conflict; our planned level of capital expenditures and our belief that our existing cash and cash from operations will be sufficient to fund our operations for at least the next 12 months and for the foreseeable future; our expectations with respect to the integration and performance of acquisitions; our ability to attract and retain qualified employees and key personnel; and our expectations about entering into new markets and attracting new customer demographics, including our ability to successfully attract new partners, large enterprise-level users and to grow our activities, including through the adoption of our Wix Studio product, with these customer types as anticipated; and other factors discussed under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the year ended December 31, 2025 filed with the Securities and Exchange Commission on March 5, 2026. The preceding list is not intended to be an exhaustive list of all of our forward-looking statements. Any forward-looking statement made by us in this press release speaks only as of the date hereof. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.
Wix.com Ltd.
CONSOLIDATED STATEMENTS OF OPERATIONS - GAAP
(In thousands, except income per share data)
Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 (unaudited) (unaudited)Revenues Creative Subscriptions$398,350 $345,456 $780,711 $683,132 Business Solutions 164,708 144,474 323,518 280,449 563,058 489,930 1,104,229 963,581 Cost of Revenues Creative Subscriptions 81,050 54,131 159,543 110,198 Business Solutions 111,667 99,209 220,979 194,934 192,717 153,340 380,522 305,132 Gross Profit 370,341 336,590 723,707 658,449 Operating expenses: Research and development 175,685 134,735 353,903 262,232 Selling and marketing 181,705 113,155 381,295 224,718 General and administrative 44,641 44,394 89,919 89,788 Restructuring and other costs 27,109 - 27,109 - Total operating expenses 429,140 292,284 852,226 576,738 Operating income (loss) (58,799) 44,306 (128,519) 81,711 Financial income (expenses), net (12,153) (38,377) 7,205 (32,545)Other income (expenses), net (49) 123 (26) 187 Income (loss) before taxes on income (71,001) 6,052 (121,340) 49,353 Income tax benefit (expenses) (4,409) 51,651 (10,642) 42,116 Loss from equity method investment 950 - 1,843 - Net income (loss)$(76,360) $57,703 $(133,825) $91,469 Basic net income (loss) per share$(1.78) $1.03 $(2.70) $1.64 Basic weighted-average shares used to compute net income (loss) per share 42,965,089 55,905,451 49,626,355 55,807,604 Diluted net income (loss) per share$(1.78) $0.98 $(2.70) $1.55 Diluted weighted-average shares used to compute net income (loss) per share 42,965,089 59,650,008 49,626,355 60,017,802 Wix.com Ltd.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
Period ended June 30, December 31, 2026 2025 Assets(unaudited) (audited)Current Assets: Cash and cash equivalents$262,776 $311,356 Restricted cash - 5,520 Short-term deposits 355,265 385,280 Restricted deposits 114 222 Marketable securities 342,744 483,859 Trade receivables 49,129 41,525 Prepaid expenses and other current assets 93,833 96,252 Total current assets 1,103,861 1,324,014 Long-Term Assets: Prepaid expenses and other long-term assets 58,552 33,847 Property and equipment, net 109,533 114,419 Equity method investment 3,719 4,851 Deferred tax asset 98,669 94,549 Marketable securities - 474,198 Intangible assets, net 27,765 31,810 Goodwill 135,021 135,021 Operating lease right-of-use assets 312,415 398,265 Total long-term assets 745,674 1,286,960 Total assets$1,849,535 $2,610,974 Liabilities and Shareholders' Deficiency Current Liabilities: Trade payables$76,738 $74,811 Employees and payroll accruals 115,791 110,526 Deferred revenues 784,794 737,346 Credit facility loans 500,069 - Accrued expenses and other current liabilities 278,283 146,716 Operating lease liabilities 48,342 43,262 Total current liabilities 1,804,017 1,112,661 Long Term Liabilities: Deferred revenues 126,772 116,991 Deferred tax liability 2,095 3,923 Convertible notes, net 1,128,341 1,125,769 Other long-term liabilities 167,322 200,054 Operating lease liabilities 361,907 417,578 Total long-term liabilities 1,786,437 1,864,315 Total liabilities 3,590,454 2,976,976 Shareholders' Deficiency Ordinary shares 63 104 Additional paid-in capital 2,456,614 2,067,407 Treasury shares (3,223,538) (1,600,156)Accumulated other comprehensive income 10,663 17,539 Accumulated deficit (984,721) (850,896)Total shareholders' deficiency (1,740,919) (366,002) Total liabilities and shareholders' deficiency$1,849,535 $2,610,974 Wix.com Ltd.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 (unaudited) (unaudited)OPERATING ACTIVITIES: Net income (loss)$(76,360) $57,703 $(133,825)$91,469 Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation 5,978 6,099 11,965 12,236 Amortization 2,022 1,246 4,045 2,707 Share based compensation expenses 53,372 59,439 110,318 119,700 Amortization of debt discount and debt issuance costs 1,287 795 2,572 1,589 Changes in accrued interest and exchange rate on short term and long term deposits 38 126 53 (98)Changes in accrued interest and exchange rate on short term and long term bank loan 69 - 69 - Non-cash impairment, restructuring and other costs 19,246 - 19,246 - Amortization of premium and discount and accrued interest on marketable securities, net (15,918) (24,409) (19,588) (20,852)Loss from equity method investment 950 - 1,843 - Remeasurement loss (gain) on marketable equity securities and investments in privately held companies 2,374 - 1,674 (42)Changes in deferred income taxes, net (3,435) (64,817) (5,012) (64,816)Changes in operating lease right-of-use assets 5,764 4,800 12,221 9,603 Changes in operating lease liabilities 25,133 34,062 23,038 25,299 Gain on foreign exchange, net (2,166) (3,832) (2,532) (5,838)Increase in trade receivables (895) (7,956) (7,604) (10,610)Decrease (increase) in prepaid expenses and other current and long-term assets (25,775) (6,090) (47,178) 52,241 Increase (decrease) in trade payables (34,451) (12,581) 1,401 (21,919)Increase (decrease) in employees and payroll accruals 5,643 21,409 967 (42,739)Increase in short term and long term deferred revenues 8,314 26,211 57,229 70,573 Increase in accrued expenses and other current liabilities 84,372 58,130 103,188 77,323 Net cash provided by operating activities 55,562 150,335 134,090 295,826 INVESTING ACTIVITIES: Proceeds from short-term deposits and restricted deposits 160 - 30,170 107,780 Investment in short-term deposits and restricted deposits - - (100) (112,810)Proceeds from available-for-sale marketable debt securities - 20,700 635,360 51,300 Investment in trading marketable debt securities (194,734) (163,313) (227,276) (191,006)Proceed from trading marketable debt securities 194,317 162,525 226,858 190,217 Purchase of property and equipment and lease prepayment (2,648) (2,265) (5,949) (4,894)Capitalization of internal use of software (272) (405) (526) (826)Proceeds from (investment in) other assets - (10,458) - (10,458)Payment for Businesses acquired, net of acquired cash - (18,545) - (18,545)Proceed from realization of investments in privately held companies 399 - 1,330 417 Purchases of investments in privately held companies (1,660) (2,358) (5,265) (3,108)Net cash provided by (used in) investing activities (4,438) (14,119) 654,602 8,067 FINANCING ACTIVITIES: Proceeds from exercise of options and ESPP shares 225 360 26,522 23,014 Purchase of treasury shares - (100,000) - (300,000)Purchase of treasury shares under tender offer (1,623,100) - (1,623,438) - Proceeds from credit facility loan 500,000 - 500,000 - Proceeds from private placement (ordinary shares and warrants) - - 260,000 - Payment of issuance costs related to private placement (8,319) - (8,408) - Net cash used in financing activities (1,131,194) (99,640) (845,324) (276,986)Effect of exchange rates on cash, cash equivalent and restricted cash 2,166 14,290 2,532 16,296 INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (1,077,904) 50,866 (54,100) 43,203 CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period 1,340,680 653,276 316,876 660,939 CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period$262,776 $704,142 $262,776 $704,142 Wix.com Ltd.KEY PERFORMANCE METRICS(In thousands) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 (unaudited) (unaudited)Creative Subscriptions$398,350 $345,456 $780,711 $683,132Business Solutions 164,708 144,474 323,518 280,449Total Revenues$563,058 $489,930 $1,104,229 $963,581 Creative Subscriptions$405,815 $364,871 $824,586 $734,340Business Solutions 163,314 145,053 329,535 286,489Total Bookings$569,129 $509,924 $1,154,121 $1,020,829 Free Cash Flow$52,642 $147,665 $127,615 $290,106 Free Cash Flow excluding acquisition costs$61,176 $147,665 $173,428 $290,106 Total consolidated ARR$1,962,536 $1,699,905 $1,962,536 $1,699,905 Wix.com Ltd.RECONCILIATION OF REVENUES TO BOOKINGS(In thousands) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 (unaudited) (unaudited)Revenues$563,058 $489,930 $1,104,229 $963,581 Change in deferred revenues 8,314 26,232 57,229 70,594 Change in unbilled contractual obligations (2,243) (6,238) (7,337) (13,346)Bookings$569,129 $509,924 $1,154,121 $1,020,829 Y/Y growth 12% 13% Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 (unaudited) (unaudited)Creative Subscriptions Revenues$398,350 $345,456 $780,711 $683,132 Change in deferred revenues 9,708 25,653 51,212 64,554 Change in unbilled contractual obligations (2,243) (6,238) (7,337) (13,346)Creative Subscriptions Bookings$405,815 $364,871 $824,586 $734,340 Y/Y growth 11% 12% Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 (unaudited) (unaudited)Business Solutions Revenues$164,708 $144,474 $323,518 $280,449 Change in deferred revenues (1,394) 579 6,017 6,040 Business Solutions Bookings$163,314 $145,053 $329,535 $286,489 Y/Y growth 13% 15% Wix.com Ltd.RECONCILIATION OF COHORT BOOKINGS(In millions) Six Months Ended June 30, 2026 2025 (unaudited)Q1 Cohort revenues$40 $21Q1 Change in deferred revenues 35 26Q1 Cohort Bookings$75 $47 Wix.com Ltd.RECONCILIATION OF REVENUES AND BOOKINGS EXCLUDING FX IMPACT(In thousands) Three Months Ended June 30, 2026 2025 (unaudited)Revenues$563,058 $489,930FX impact on Q2/26 using Y/Y rates (3,656) -Revenues excluding FX impact$559,402 $489,930 Y/Y growth 14% Three Months Ended June 30, 2026 2025 (unaudited)Bookings$569,129 $509,924FX impact on Q2/26 using Y/Y rates (4,726) -Bookings excluding FX impact$564,403 $509,924 Y/Y growth 11% Wix.com Ltd.TOTAL ADJUSTMENTS GAAP TO NON-GAAP(In thousands) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 (1) Share based compensation expenses:(unaudited) (unaudited)Cost of revenues$3,042 $3,472 $6,314 $6,792 Research and development 29,974 32,098 62,357 63,589 Selling and marketing 8,050 9,046 16,296 18,223 General and administrative 12,306 14,823 25,351 31,096 Total share based compensation expenses 53,372 59,439 110,318 119,700 (2) Amortization 2,034 1,259 4,069 2,731 (3) Acquisition related expenses 41,059 6,087 78,967 6,087 (4) Amortization of debt discount and debt issuance costs 1,287 795 2,572 1,589 (5) Restructuring and other costs 27,109 - 27,109 - (6) Sales tax accrual and other G&A expenses 52 (938) 669 (239)(7) Unrealized gain on equity and other investments 2,374 - 1,674 (42)(8) Non-operating foreign exchange expenses 16,911 11,902 17,690 8,823 (9) Provision for income tax effects related to non-GAAP adjustments (546) - (385) - (10) Loss from equity method investment 950 - 1,843 - Total adjustments of GAAP to Non GAAP$144,602 $78,544 $244,526 $138,649 Wix.com Ltd.RECONCILIATION OF GAAP TO NON-GAAP GROSS PROFIT(In thousands) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 (unaudited) (unaudited)Gross Profit$370,341 $336,590 $723,707 $658,449 Share based compensation expenses 3,042 3,472 6,314 6,792 Acquisition related expenses 23 163 44 163 Amortization 1,455 668 2,910 1,335 Non GAAP Gross Profit$374,861 $340,893 $732,975 $666,739 Non GAAP Gross margin 67% 70% 66% 69% Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 (unaudited) (unaudited)Gross Profit - Creative Subscriptions$317,300 $291,325 $621,168 $572,934 Share based compensation expenses 2,152 2,442 4,464 4,809 Acquisition related expenses 23 163 44 163 Amortization 709 - 1,418 - Non GAAP Gross Profit - Creative Subscriptions$320,184 $293,930 $627,094 $577,906 Non GAAP Gross margin - Creative Subscriptions 80% 85% 80% 85% Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 (unaudited) (unaudited)Gross Profit - Business Solutions$53,041 $45,265 $102,539 $85,515 Share based compensation expenses 890 1,030 1,850 1,983 Amortization 746 668 1,492 1,335 Non GAAP Gross Profit - Business Solutions$54,677 $46,963 $105,881 $88,833 Non GAAP Gross margin - Business Solutions 33% 33% 33% 32% Wix.com Ltd.RECONCILIATION OF OPERATING INCOME (LOSS) TO NON-GAAP OPERATING INCOME(In thousands) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 (unaudited) (unaudited)Operating income (loss)$(58,799) $44,306 $(128,519) $81,711 Adjustments: Share based compensation expenses 53,372 59,439 110,318 119,700 Amortization 2,034 1,259 4,069 2,731 Impairment, restructuring and other charges 27,109 - 27,109 - Sales tax accrual and other G&A expenses 52 (938) 669 (239)Acquisition related expenses 41,059 6,087 78,967 6,087 Total adjustments 123,626 65,847 221,132 128,279 Non GAAP operating income$64,827 $110,153 $92,613 $209,990 Non GAAP operating margin 12% 22% 8% 22% Wix.com Ltd.RECONCILIATION OF NET INCOME (LOSS) TO NON-GAAP NET INCOME AND NON-GAAP NET INCOME PER SHARE(In thousands, except per share data) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 (unaudited) (unaudited)Net income (loss)$(76,360) $57,703 $(133,825) $91,469Share based compensation expenses and other Non GAAP adjustments 144,602 78,544 244,526 138,649Non-GAAP net income$68,242 $136,247 $110,701 $230,118 Basic and diluted Non GAAP net income (loss) per share$1.59 $2.44 $2.23 $4.12Weighted average shares used in computing basic and diluted Non GAAP net income (loss) per share 42,965,089 55,905,451 49,626,355 55,807,604 Basic Non GAAP net income per share$1.59 $2.44 $2.23 $4.12Weighted average shares used in computing basic Non GAAP net income per share 42,965,089 55,905,451 49,626,355 55,807,604 Diluted Non GAAP net income per share$1.39 $2.28 $1.97 $3.83Weighted average shares used in computing diluted Non GAAP net income per share 49,271,012 59,650,008 56,152,980 60,017,802 Wix.com Ltd.RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW(In thousands) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 (unaudited) (unaudited)Net cash provided by operating activities$55,562 $150,335 $134,090 $295,826 Capital expenditures, net (2,920) (2,670) (6,475) (5,720)Free Cash Flow$52,642 $147,665 $127,615 $290,106 Restructuring and other costs 8,534 - 8,534 - Cash paid for acquisition-related costs - - 37,279 - Free Cash Flow excluding acquisition and restructuring costs$61,176 $147,665 $173,428 $290,106
Toyota zvýšila celoroční výhled na provozní zisk o 13 % na 3,4 bilionu JPY, ale za první čtvrtletí jí provozní zisk klesl o 9 % na 1,06 bilionu JPY kvůli slabým prodejům v Číně.
Item 1 of 2 A man walks past the Toyota logo during a launch event in Mumbai, India, January 20, 2026. REUTERS/Francis Mascarenhas/File Photo
[1/2]A man walks past the Toyota logo during a launch event in Mumbai, India, January 20, 2026. REUTERS/Francis Mascarenhas/File Photo Purchase Licensing Rights, opens new tab
CompaniesTOKYO, Aug 4 (Reuters) - Toyota (7203.T), opens new tab on Tuesday raised its annual operating profit forecast by 13% to reflect a weaker yen — the upward revision coming despite reporting a fifth consecutive quarterly earnings decrease on slumping sales in China.
The world's largest automaker now expects 3.4 trillion yen ($21.6 billion) in operating profit for the current financial year to end-March, up from its previous forecast of 3 trillion yen.
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.
"In addition to revised foreign exchange assumptions, we steadily accumulated improvements in our marketing efforts, including increased sales supported by the establishment of alternative logistics routes to the Middle East," Toyota said in a statement.
Operating profit for the April-June first quarter declined 9% to 1.06 trillion yen ($6.7 billion), compared with a median forecast of 1.11 trillion yen in a poll of eight analysts surveyed by LSEG.
It also said it plans to buy back shares worth up to 1 trillion yen, equivalent to as much as 4.22% of outstanding stock. It also plans to cancel 200 million shares.
($1 = 157.4900 yen)
Reporting by Daniel Leussink; Editing by Edwina Gibbs
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Nasdaq oznámil, že NusaTrip Incorporated bude 12. srpna 2026 vyřazena z burzy, pokud se neodvolá. Akcie zůstávají pozastavené až do vyřešení případného odvolání a po vyřazení mohou být obchodovány OTC.
NEW YORK, Aug. 03, 2026 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market (Nasdaq: NDAQ) announced today that it has notified NusaTrip Incorporated (Nasdaq: NUTR) that its securities will be delisted from the Nasdaq Stock Market LLC on August 12, 2026, unless the company appeals to a Listing Qualifications Hearings Panel. The securities will remain halted, and unavailable to trade, until any appeal is resolved. Following removal from Nasdaq the securities may be eligible for trading in the over-the-counter market.
Following a temporary trading suspension in the Company’s securities by the U.S. Securities and Exchange Commission (https://www.sec.gov/files/litigation/suspensions/2025/34-104167.pdf) Nasdaq halted trading in the Company’s ordinary shares on October 23, 2025. Nasdaq has now determined that it is appropriate to use its authority under IM-5101-4 to delist the Company’s securities from Nasdaq.
For news and additional information about the company, please review the companies’ public filings or contact the company directly.
For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.
AUD/NZD klesá, protože inflace na Novém Zélandu ve 2. čtvrtletí vzrostla na 4,1 % meziročně a posílila očekávání dalšího zpřísnění RBNZ. Trh čeká, že zítřejší data z trhu práce tento jestřábí výhled potvrdí.
TL;DR: With markets already convinced the RBA is done hiking, tomorrow’s New Zealand employment report matters less for whether the RBNZ turns more hawkish and more for whether the labor market stays resilient enough to keep its tightening bias intact — a dynamic already pressuring AUD/NZD lower.
Why the Focus Has Shifted Across the Tasman Markets have already reached a broad consensus that the Reserve Bank of Australia has finished tightening for this year. The focus is now shifting across the Tasman, where the Reserve Bank of New Zealand still appears to have work left to do. That makes tomorrow’s second-quarter employment report less about whether the RBNZ will turn more hawkish, and more about whether the labor market is resilient enough to keep its existing tightening bias intact.
Inflation Already Made the Case for More Tightening The case for further tightening was largely established by inflation. New Zealand’s second-quarter CPI rose 4.1% y/y, exceeding the RBNZ’s 3.9% forecast and reminding policymakers that price pressures remain more persistent than expected. More importantly, non-tradable inflation held at an elevated 3.4%, indicating domestic inflation — not just higher fuel costs linked to the Middle East conflict — continues to pose a challenge.
Stronger business sentiment since then has only reinforced that picture, with July’s ANZ Business Confidence jumping to 56.1 from 36.6.
Why Tomorrow’s Data Doesn’t Need to Surprise Against that backdrop, tomorrow’s labor market data don’t need to surprise on the upside to support the policy outlook. Consensus forecasts call for:
Employment growth of 0.1% q/q. Unemployment edging up from 5.3% to 5.4%. The Labour Cost Index accelerating from 0.5% to 0.6% q/q. Those figures are broadly consistent with the RBNZ’s own projections, meaning an in-line report would leave the Bank’s economic assessment largely intact. Instead of weakening the tightening narrative, it would reinforce the view that policy still needs to move somewhat further into restrictive territory to contain domestic inflation and limit second-round effects from higher energy prices.
What Would Actually Move Markets The bigger market reaction would likely come from a stronger-than-expected report. Faster employment growth, firmer wage inflation, or a lower unemployment rate would strengthen the case for another hike as early as September, and increase expectations that the Official Cash Rate ultimately reaches the upper end of the 2.75%–3.00% range currently expected by many economists. Only a materially weaker labor market would cast meaningful doubt on that outlook, by suggesting higher borrowing costs are beginning to bite more sharply than anticipated.
Why This Matters for AUD/NZD Those shifting policy expectations have become important for AUD/NZD. Australia’s softer-than-expected second-quarter CPI has persuaded markets the RBA is likely to keep the cash rate unchanged at 4.35% through year-end, effectively ending a period in which Australian rate expectations consistently outpaced those in New Zealand. With the RBA sidelined, investors are now watching whether the RBNZ can narrow the policy differential through further tightening, providing fundamental support for the New Zealand Dollar against its Australian counterpart.
ActionForex’s Technical View on AUD/NZD The technical picture complements the macro story. AUD/NZD’s decline from 1.2283 continues to look like a correction of the five-wave advance from 1.0649. As long as 1.2119 resistance caps rebounds, the bias remains lower. The next downside objective remains the 38.2% retracement at 1.1658, which sits just above the previous fourth-wave consolidation around 1.1412–1.1634.
Against a backdrop of narrowing policy differentials, tomorrow’s New Zealand labor market report has the potential to provide the catalyst for the next leg lower in AUD/NZD.
Key Takeaways New Zealand’s Q2 CPI beat the RBNZ’s own forecast at 4.1% y/y, with sticky non-tradable inflation at 3.4% keeping the tightening bias intact. Consensus expects tomorrow’s employment data to come in broadly in line with RBNZ projections, meaning an in-line print alone would reinforce, not weaken, the hawkish case. A stronger-than-expected report would raise September hike odds and support an Official Cash Rate move toward the top of the 2.75%-3.00% range. Australia’s softer CPI has convinced markets the RBA is done hiking, shifting the AUD/NZD policy narrative fully toward the RBNZ’s next move. AUD/NZD’s decline from 1.2283 remains capped below 1.2119 resistance, with 1.1658 the next downside objective if the labor data supports further RBNZ tightening.
ActionForex
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.
Arthur Hayes během posledních 24 hodin nakoupil více než 7,289 milionu ENA za zhruba 1,2 milionu USD. Ethena se zároveň chystá na odemknutí 171,88 milionu ENA v hodnotě 15 milionů USD.
Despite Ethena’s [ENA] rising dominance in the stablecoin business, the market cap of the altcoin remains well below $1 billion. Its daily trading volume is down to around $150 million, but whales are still going long on the token.
However, this buying is happening right before a massive token unlock, which is in two days. Can the buying pressure from whales outweigh the selling pressure and push ENA higher?
Arthur Hayes buys ENA, but selling pressure remains In the past 24 hours, the co-founder of BitMEX, Arthur Hayes, has made another purchase to increase his ENA position. As per Arkham data, Hayes bought 3 million ENA worth $262.77K from Flowdesk.
A few minutes later, Hayes added another 3 million ENA from the Binance exchange worth $262.11K. The total for both positions was above $525K, with an average price of $0.09.
Source: Arkham Moreover, the ENA builder added an eighth consecutive buy of 1.287 million ENA from Binance. The total across these eight transactions was 8.997 million ENA, valued at roughly $739.7K from the same exchange.
Both whales’ positions amounted to more than 7.289 million ENA, valued at over $1.20 million.
However, this activity was happening amid an upcoming token unlock scheduled for August 5. As per Tokenomist, 171.88 million ENA worth $15 million would hit the market. The amount is equivalent to 1.97% of the released supply.
Source: Tokenomist This unlock adds to the 95.31 million ENA worth $8.38 million released on the 2nd of August. The unlock meant that the selling pressure for this month was at its peak during the first few days.
As such, will whale positioning overpower selling pressure from token unlocks and a bearish technical outlook?
Can ENA escape the range market? The price action was stagnant around $0.09, the level where the whales went long. This movement came after surging by more than 14% from $0.0788 to $0.0904.
This level has resulted in two bearish breakdowns previously. And the RSI Divergence appeared to confirm this projection, printing a bearish signal even though it was rising at 55.
On top of that, the transfer count of ENA was declining on Binance, indicating less trading activity. The transfer count was 2.38K, down from 4.17K in late July.
Source: ENA/USDT on TradingView However, if the bulls can keep the altcoin above $0.0875 with more buying, ENA could break past the top of the range at $0.0924. Otherwise, it may drop to $0.0789, which is the demand level that initiated the 14% rally.
Final Summary Arthur Hayes and the ENA builder accumulated over 7.287 million ENA in the past 24 hours, despite looming selling pressure from unlocks. Ethena’s price action was consolidating around $0.09, with more bearish signals forming despite whales positioning.
ONDO has recently experienced strong downside pressure. Since it got rejected at $0.42, the altcoin has closed at lower lows for four consecutive days.
As a result, the altcoin breached the $0.4 support and fell to a two-week low of $0.34. As of this writing, ONDO was trading around $0.37, down 5.28% on the daily charts, extending the 10% weekly drop.
But why is ONDO declining? Notably, it seems the pressure is mostly arising from the Ondo Finance team’s token deposits into exchanges.
According to Nazoku, a wallet linked to Ondo Finance deposited 4 million ONDO worth $1.56 million to Coinbase as part of its ongoing unloading.
Since receiving 22.5 million ONDO from the team, the wallet has so far deposited 20.2 million ONDO to Coinbase in 4 million daily batches.
Although the team has structured exchange deposits into smaller portions to minimize pressure, this hasn’t worked.
Often, when the team wallet makes an exchange deposit, market players perceive it negatively, which in turn impacts sentiment.
Market demand remains steady Undoubtedly, exchange activity confirms the source of the current market pressure. According to CoinGlass data, ONDO’s Spot netflow only turned positive once over the last week.
Source: CoinGlass As of this writing, netflow was around -$1.51 million, a massive drop from $744k the previous day. The negative netflow suggests traders have constantly tried to absorb the pressure, but demand has remained insufficient.
The same trend holds for the protocol capital flow. According to DefiLlama data, USD inflows rose to $215 million.
Source: DefiLlama The protocol last recorded such inflows in early May, marking an 11-week high, suggesting massive capital flowed into the ecosystem.
Strong demand on the exchanges and the protocol has tended to strengthen upside momentum for the native token, often a prelude to more gains.
Can ONDO hold the pressure? ONDO recently experienced downside pressure, mostly from the team’s token deposits. At the same time, buyers have attempted to absorb demand, but it has proved inadequate.
As a result, the momentum to the upside has strengthened even further. Looking at the altcoin’s MACD, this indicator formed a bearish crossover and dropped to 0.01.
Source: TradingView At the same time, the Relative Strength Index (RSI) also extended its decline, falling to 48, since it formed a bearish crossover days ago. The MACD drop validated this bearish structure and signaled the likelihood of the trend’s continuation.
Therefore, if more ONDO tokens keep flowing into exchanges, the altcoin is likely to drop to $0.33. However, if the accumulation we are seeing finally pays off while the team completes the transfers, the pressure will ease and reclaim $0.4.
Final Summary Ondo Finance deposited 4 million tokens worth $1.56 million to Coinbase, raising total deposits to 20.2 million. Although demand remains steady, ONDO remains structurally weak and is likely to fall to $0.33 if bulls fail to reverse the trend towards $0.4.
Susie Lisa - Senior Vice President of Investor Relations
Reshma Kewalramani - CEO, President & Director
Duncan J. McKechnie - Chief Commercial Officer, Head of North America Commercial & Executive VP
Charles Wagner - Executive VP, COO & CFO
Conference Call Participants
Salveen Richter - Goldman Sachs Group, Inc., Research Division
Geoffrey Meacham - Citigroup Inc., Research Division
Jessica Fye - JPMorgan Chase & Co, Research Division
Cory Kasimov - Evercore ISI Institutional Equities, Research Division
Brian Abrahams - RBC Capital Markets, Research Division
Evan Seigerman - BMO Capital Markets Equity Research
Michael Yee - UBS Investment Bank, Research Division
Tazeen Ahmad - BofA Securities, Research Division
Philip Nadeau - TD Cowen, Research Division
Terence Flynn - Morgan Stanley, Research Division
Mohit Bansal - Wells Fargo Securities, LLC, Research Division
Eliana Merle - Barclays Bank PLC, Research Division
Presentation
Operator
Good day, and welcome to the Vertex Pharmaceuticals Second Quarter 2026 Earnings Call. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Ms. Susie Lisa. Please go ahead.
Susie Lisa
Senior Vice President of Investor Relations
Good evening, all. My name is Susie Lisa, and as the Senior Vice President of Investor Relations, it is my pleasure to welcome you to our Second Quarter 2026 Financial Results Conference Call. On tonight's call, making prepared remarks, we have Dr. Reshma Kewalramani, Vertex's CEO and President; Charlie Wagner, Chief Operating Officer and Chief Financial Officer; and Duncan McKechnie, Chief Commercial Officer. We recommend that you access the webcast slides as you listen to this call. The call is being recorded, and a replay will be available on our website.
We will make forward-looking statements on this call that are subject to the risks and uncertainties discussed in detail
Hyperliquid spustila bezpovolené nasazení HIP-4 na testnetu a chce ho dostat na mainnet před midterms. Cílem je rozšířit outcome markets i mimo sportovní události.
HIP-4 permissionless deployments are live on testnet. Hyperliquid should make sure they get to mainnet by the midterms.
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Hyperliquid's HIP-4 markets have had their largest success stem from the World Cup.
I didn’t expect this. When HIP-4 launched, I argued that Hyperliquid was not really coming for Polymarket or Kalshi. That outcome markets rather looked more like an extension of its trading stack: daily crypto binaries for hedging perps, options-like exposure, and another way to keep every leg of a position inside Hyperliquid.
Breaking Down Hyperliquid’s Prediction Play on Bankless
The HIP-4 upgrade brings “outcome markets” to the much-hyped exchange, adding binary trading alongside perps.
BanklessDavid Christopher
Instead, Hyperliquid launched markets for the NBA Finals, individual World Cup matches, and the tournament winner. Those three categories, though overwhelmingly the latter two, have accounted for roughly 48% of HIP-4 volume to date.
Since the height of the tournament, open interest is down more than 90%. To be clear though, HIP-4 has not failed. It’s simply run out of things to trade for the time being.
The system is still permissioned, so validators currently deploy every market. What remains is a thin book of price-related questions pulling trivial amounts of volume compared to that spurred by sports.
That constraint is what Hyperliquid is now trying to remove. On July 31st, permissionless HIP-4 deployments went live on testnet, paving the way for teams to create and operate outcome markets on their own, while showing what it will take to do so.
How Permissionless HIP-4 WorksNote that permissionless deployments will not mean unlimited deployments.
Under the preliminary mainnet design, validators first approve market templates, i.e. reusable structures that define how a market can be created and settled. A deployer then uses an approved template to launch a specific market, supplying details like the question, possible outcomes, expiration, and resolution criteria.
Take politics for example — you’ll see why in a minute — where an approved binary-event template could potentially support a market on whether a candidate wins an election. But Hyperliquid hasn't disclosed how broad each template will be, so it is unclear whether one could cover Senate, House, and governor races, or whether different structures would be needed for party-control, seat-count, or multi-candidate questions.
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What is clear is that deployers will launch markets by instantiating templates validators have already approved, rather than seeking approval for each individual market.
As in HIP-3, deployers are responsible for defining and settling markets correctly, and validators can slash their stake if they get it wrong.
That proposed stake is 500,000 HYPE (same as HIP-3), locked for six months and withdrawable only when no outstanding markets exist. Each deployer will initially receive capacity for 100 outcomes, reusable once markets settle, with an auction for additional capacity planned later. Deployers will eventually be able to receive up to 50% of the trading fees from their markets.
What’s Next After the World Cup?The most obvious target is the U.S. midterms.
Prediction markets first broke into the mainstream through politics, and both Kalshi and Polymarket already run broad election dashboards covering congressional control, individual races, and seat totals. HIP-4 currently offers none.
Whether outside deployers can go ahead and fill that gap depends on how quickly permissionless HIP-4 moves to mainnet. HIP-3 took 164 days from its first permissionless testnet MVP to mainnet, though only 18 days from publishing its initial mainnet specification and making HIP-3 eligible for mainnet-level bug bounties.
HIP-4 sits somewhere between those points. Its preliminary mainnet structure is public and deployer actions are live on testnet, but there are no mainnet-level bug bounties. We’re in limbo for now.
If this system arrives in time, a deployer could use the midterms to build an entire election venue rather than launch isolated questions, so long as validators also approve templates supporting elections.
If permissionless deployment misses that window, validators could still list midterm markets themselves. HIP-4 could recover activity either way. What it would lose is its first major opportunity to prove that outside deployers can keep it supplied with timely markets.
The World Cup proved Hyperliquid users will trade major real-world events. It also proved that, when these events end, there’s not much else to go on. The intensity of this midterms cycle would be a strong opportunity for HIP-4 to act on, helping it simultaneously stay relevant and jumpstart permissionless deployments. Keep an eye on this in the weeks ahead.
Silicon Labs představil BG2B, svůj dosud nejúspornější Bluetooth LE SoC pro IoT. Čip nabízí Channel Sounding, Secure Vault a integrované CAN-FD i další periferie.
Bluetooth® 6 SoC combines Channel Sounding, Secure Vault™ High security, and integrated CAN-FD and peripherals to enable smaller, longer-lasting IoT devices with lower system cost
, /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), the leading innovator in low-power wireless connectivity, today announced the BG2B, its next Series 2Bluetooth® Low Energy (LE) wireless SoC designed to help developers build smaller, more secure, and longer-lasting battery-powered IoT devices by providing the industry's best combination of power efficiency, security, and integrations.
The new BG2B wireless SoC from Silicon Labs. As Bluetooth LE applications become more sophisticated, developers are challenged to add capabilities such as secure ranging, location awareness, advanced security, and richer peripheral integration while preserving battery life and compact designs expected of today's wireless IoT devices. BG2B addresses these demands with Silicon Labs' lowest-power Bluetooth architecture, a complete feature set for Bluetooth Channel Sounding, Secure Vault™ High security and integrated peripherals including CAN-FD, LED drivers and dual ADCs, in a single highly integrated platform.
Designed for applications including secure ranging, asset tracking, electronic shelf labels (ESLs), smart home, industrial monitoring, and vehicle diagnostics, BG2B helps developers extend battery life while preparing for more demanding Bluetooth LE applications.
"Bluetooth LE is moving beyond basic connectivity into secure ranging, proximity awareness, and location-aware experiences, while customers still need the low power, small form factor, and cost efficiency that made Bluetooth the foundation of battery-powered IoT," said Daniel Cooley, SVP and CTO, Silicon Labs. "BG2B brings these requirements together in a single platform, combining our lowest-power Bluetooth LE architecture to date with advanced Channel Sounding, Secure Vault™ High security, and integrated peripherals that help customers build more capable, connected products with fewer external components."
A New Standard for Ultra-Low-Power Bluetooth
Battery life remains one of the biggest challenges for battery-powered IoT devices as products continue adding more sensing, intelligence, and wireless capabilities. BG2B features a dual-output DC-DC power architecture and multi-core design that significantly improves efficiency across active, receive, and sleep modes.
BG2B is the lowest-power Bluetooth LE device in Silicon Labs' portfolio, delivering 14%-15% lower MCU active current, lower Bluetooth receive current, and 1.1 µA EM2 sleep current with RAM retention as compared to the Silicon Labs' previous lowest power Bluetooth LE SoC, enabling longer battery life for sleepy products such as wireless sensors, asset tags, smart locks, remotes, wearables, and electronic shelf labels.
Enhanced Channel Sounding with Expanded Peripherals
For developers building location-aware products today, BG2B supports advanced Bluetooth Channel Sounding capabilities including Mode 3, Normalized Attack Detector Metric (NADM), and Inline Phase Correction Term (Inline PCT). Designed to meet Apple and Google Bluetooth Channel Sounding specifications, BG2B helps developers build interoperable products across the industry's leading mobile ecosystems, supported by Silicon Labs' complete Channel Sounding development solution, including a royalty-free ranging library, software, tools, and engineering support.
Building on previous Silicon Labs Channel Sounding solutions, BG2B delivers even lower energy per ranging event through shorter Channel Sounding step timings, lower active current, and lower Bluetooth LE receive current.
In addition, BG2B integrates a broad set of peripherals that simplify system design while reducing BOM cost and PCB area.
The SoC combines Bluetooth LE with integrated CAN-FD, enabling wireless diagnostics and monitoring for commercial vehicles, fleet management, industrial equipment, and maintenance applications without requiring a separate Bluetooth bridge device.
Integrated LED boost and four-channel LED sink capabilities eliminate external LED driver circuitry, making BG2B well suited for electronic shelf labels, smart retail devices, and battery-powered products requiring RGBW LED for status indication.
Additional integrated capabilities include dual 12-bit ADCs for simultaneous analog sampling, Variable Resistive Load (VRL) for more accurate battery health estimation, to go along with expanded memory and a broad set of communication peripherals helping developers build more capable IoT devices while reducing external components.
Built for Tomorrow's Security Requirements
As connected devices face increasingly stringent cybersecurity requirements, BG2B incorporates Silicon Labs' Secure Vault™ technology to protect device identity, firmware, cryptographic keys, and sensitive data.
Designed to support PSA Level 3 compliance, BG2B helps manufacturers prepare for evolving security requirements such as the European Union Cyber Resilience Act. Combined with Silicon Labs' Custom Part Manufacturing Service (CPMS), developers can securely provision devices with unique identities, certificates, and cryptographic credentials during manufacturing.
Availability
BG2B SoCs are currently available through an early customer engagement program. Initial production hardware, including modules, are planned for 2027.
For more information about BG2B, read the post on the Silicon Labs blog.
About Silicon Labs
Silicon Labs (NASDAQ: SLAB) is the leading innovator in low-power connectivity, building embedded technology that connects devices and improves lives. Merging cutting-edge technology into the world's most highly integrated SoCs, Silicon Labs provides device makers with the solutions, support, and ecosystems needed to create advanced edge connectivity applications. Headquartered in Austin, Texas, Silicon Labs has operations in over 16 countries and is the trusted partner for innovative solutions in smart home, industrial IoT, and smart cities markets. Learn more at https://www.silabs.com.
Allison Transmission Holdings, Inc. oznámila konferenční hovor k výsledkům za 2. čtvrtletí 2026. Společnost uvedla, že se ho zúčastnili její vedoucí pracovníci.
Allison Transmission Holdings, Inc. (ALSN) Q2 2026 Earnings Call August 3, 2026 5:00 PM EDT
Company Participants
Jacalyn Bolles - Executive Director of Treasury & IR
David Graziosi - Chairman, President & CEO
Scott Mell - Senior VP, CFO & Treasurer
G. Bohley - President & Business Unit Leader of Allison Transmission and COO
Craig Price - President and Business Unit Leader of Allison Off-Highway Drive & Motion Systems
Conference Call Participants
Robert Wertheimer - Melius Research LLC
Timothy Thein - Raymond James & Associates, Inc., Research Division
Isaac Sellhausen - Oppenheimer & Co. Inc., Research Division
Jerry Revich - Wells Fargo Securities, LLC, Research Division
Tami Zakaria - JPMorgan Chase & Co, Research Division
Angel Castillo Malpica - Morgan Stanley, Research Division
Kyle Menges - Citigroup Inc., Research Division
Presentation
Operator
Good afternoon, and thank you for standing by. Welcome to Allison's Second Quarter 2026 Earnings Conference Call. My name is Sherry, and I will be your conference call operator today. [Operator Instructions] After the prepared remarks, Allison's executives will conduct a question-and-answer session and conference call participants will be given instructions at that time. As a reminder, this conference call is being recorded. [Operator Instructions] I would now like to turn the conference over to Jackie Bolles, Executive Director of Treasury and Investor Relations. Please go ahead, Jackie.
Jacalyn Bolles
Executive Director of Treasury & IR
Thank you, Sherry. Good afternoon, and thank you for joining us for our Second Quarter 2026 Earnings Conference Call. With me this afternoon are Dave Graziosi, our Chair, President and Chief Executive Officer; Scott Mell, our Chief Financial Officer and Treasurer; Fred Bohley, Allison's Chief Operating Officer and Allison Transmission Business Unit Leader; and Craig Price, Allison Off-Highway Business Unit Leader. As a reminder, this conference call, webcast and this afternoon's presentation are available on the Investor Relations section of allisontransmission.com. A replay of this call will be available through August 17. As noted on Slide 2
Arm Holdings v červenci klesl o 34 %, protože investoři zpochybnili trvání AI boomu a ocenění akcie bylo podle analytiků napjaté. Čtvrtletní výsledky i výhled ale byly lepší než čekání.
Shares of Arm Holdings (ARM -0.26%) were pulling back last month on broader concerns about the AI boom, and as the stock may have gotten overheated in the second quarter.
Chip stocks fell broadly last month as investors questioned the durability of the AI boom, including whether hyperscalers would earn a return on investment for the massive capital expenditures they are pouring into AI infrastructure.
According to data from S&P Global Market Intelligence, the stock finished the month down 34%. As you can see from the chart below, Arm fell in tandem with the VanEck Semiconductor ETF, though it experienced an outsize decline due to its high valuation.
ARM data by YCharts
What happened with Arm There was relatively little company-specific news out on Arm last month, with the exception of its earnings report at the end of the month, which actually sent the stock higher.
Several Wall Street analysts adjusted their price targets and ratings on the stock over the course of the month. HSBC lowered its rating from buy to hold with a price target of $315, primarily on valuation concerns. The firm noted that the surge in the stock that followed the "Arm Everywhere" event in March, when it launched its new AGI CPU, meant its long-term growth is already priced in.
Other comments also noted that capacity constraints could hold back the company's growth over the coming quarters, as well as weakness in the smartphone market, pressuring its growth.
In its fiscal first-quarter earnings report, the company edged out estimates on the top and bottom lines with solid growth in both royalties and licensing revenue. Data center royalty revenue more than doubled once again, and that segment is on its way to becoming Arm's biggest, topping smartphones.
Second-quarter guidance was also better-than-expected, and the stock bounced the next day with the help of the rally in the AI sector after Ken Griffin's Citadel bought a portfolio of AI stocks valued at more than $10 billion from Situational Awareness, which was facing a margin call.
Image source: The Motley Fool.
What's next for Arm Arm is set to begin shipping the new AGI CPU in the fiscal fourth quarter, which ends in March. That will be a big test for the company, and the stock could jump if the rollout goes well. Demand is already outstripping supply, and the company guided to $15 billion in CPU revenue and $25 billion in overall revenue in fiscal 2031. It also forecast adjusted earnings per share of $9 that year.
How Arm performs relative to that forecast will determine how the stock does over the coming years. The next few quarters should offer some key clues where it's headed.
HSBC Holdings is an advertising partner of Motley Fool Money. Jeremy Bowman has positions in Arm Holdings and VanEck ETF Trust-VanEck Semiconductor ETF. The Motley Fool has positions in and recommends Arm Holdings. The Motley Fool recommends HSBC Holdings. The Motley Fool has a disclosure policy.
The AUD/JPY cross trades in positive territory near 110.70, snapping the six-day losing streak, during the early European trading hours on Tuesday. However, the potential upside for the cross might be limited due to the coordinated intervention between the United States (US) and Japan, which could provide some support to the Japanese Yen (JPY) against the Australian Dollar (AUD).
"The view that FX intervention cannot have a lasting impact and merely alters short-term market flows seems right in many cases. However, depending on the circumstances and broader context, intervention can exert a significant influence on the market and trigger an inflection,” said Bank of America analyst Shusuke Yamada.
Japan and US step in to stabilise Yen after historic slideStrategists at BNY note that Japan’s finance ministry and the US Treasury have “intervened in the foreign exchange market to support the yen” after the currency weakened to its lowest level against the Dollar since 1986. Japanese Finance Minister Satsuki Katayama is cited as saying the joint action was aimed at “countering excessive volatility and disorderly movements in recent months,” underscoring that Tokyo “would not hesitate to carry out further joint intervention if needed.” BNY concludes that the authorities have made it clear they “remain ready to defend the currency” should renewed pressure on JPY emerge.
Technical Analysis:In the daily chart, AUD/JPY extends a corrective move below the 100-day simple moving average (SMA) and the Bollinger Bands 20-day middle band, which form a dense overhead supply zone. The pair is now drifting toward the lower Bollinger band support, while the Relative Strength Index (RSI) at 34.33 hovers just above oversold territory, hinting that bearish momentum remains in control but could be nearing exhaustion.
On the downside, immediate support is located at the lower Bollinger band near 110.40, where a pause or bounce could emerge if sellers take profits. The next contention level to watch is the 110.00 psychological level, followed by the August 3 low of 109.24.
On the topside, initial resistance is seen at the 100-day SMA at 112.85, followed by the Bollinger Bands middle band at 113.00; a daily close above these clustered barriers would be needed to ease the current bearish bias and open the way toward the upper Bollinger band near 115.62.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Japanese Yen FAQs The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.
Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.
The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.
Integrace x402 na Algorandu už přinesla přes 160 000 transakcí a objem přes 110 000 USD prostřednictvím GoPlausible. Algorand Foundation k tomu spustila Global x402 Challenge pro vývojáře na mainnetu.
@Algorand's x402 integration is generating real on-chain activity, with more than 160,000 transactions and over $110,000 in volume settled through the GoPlausible facilitator. The numbers underscore growing developer interest in the pay-per-request standard, which was originally built for Base but is now finding a foothold on Algorand.
What is x402 and why does Algorand fit? x402 is an open protocol that embeds payment logic directly into HTTP requests. Originally developed by Coinbase, it enables AI agents and services to transact per call without API keys or billing infrastructure. Algorand's low fees, instant finality, and deterministic execution model allow HTTP payment requests to pair with on-chain settlement without breaking synchronous request-response patterns, making x402 practical not just as a concept but as an internet-native payment mechanism that can operate at scale.
Built by Coinbase around the HTTP 402 status code, the x402 protocol enables users to pay for resources via API without registration, emails, OAuth, or complex signatures, with Algorand support provided by the Algorand Foundation and GoPlausible.
Global x402 Challenge: what is at stake The Algorand Foundation launched the Global x402 Challenge, a five-month competition for developers building x402-powered, pay-per-request API services on Algorand mainnet. The top five finalists share $100,000 USD, with an additional 500,000 ALGO split across the top 20 endpoints on the leaderboard.
To enter, developers must deploy a paid x402 endpoint on Algorand Mainnet. Usage is tracked automatically via the GoPlausible facilitator on a public leaderboard, and the top 50 qualify for 10 finalist spots who will present live, in-person or virtually, at Devcon 8 India. Registration closes at 11:45 p.m. Eastern Standard Time on September 1, 2026.
The @AlgoFoundation is also hosting a Reddit AMA on the competition this Thursday, August 6, giving developers a direct line to the team behind the challenge. The competition follows a busy run of builder events: the Algorand Builders Berlin: Agentic Commerce x402 Hackathon in June drew more than 100 builders for a 36-hour sprint, with winning projects ranging from an agentic trust layer for regulated finance to a peer-to-peer energy market where an EV agent settles solar power purchases in real time.
Projects will be evaluated on real usage, use case quality, technical execution, and long-term potential. For builders still exploring ideas, the Algorand developer pages outline use cases including paid data access, autonomous agent tooling, and usage-based billing across microservices.
Sources
Algorand Foundation: Global x402 Challenge official page
Crypto Reporter: Algorand Foundation Launches Global x402 Challenge
Algorand Blog: x402, Unlocking the Agentic Commerce Era
V srpnu 2026 čeká ekosystém Solany řada uvolnění tokenů, přičemž největší je $TRUMP s uvolněním 28,02 milionu tokenů v hodnotě asi 40,90 milionu USD. Zajímavý bude i $PUMP, který v srpnu uvolní 7 miliard tokenů v hodnotě asi 14,72 milionu USD.
August 2026 brings another busy month for Solana ecosystem token unlocks, with more than a dozen projects scheduled to release additional supply into circulation.
While July was defined by Pump.fun's large 12-month cliff expiration, August shifts back toward recurring monthly vesting events. Even so, several unlocks coincide with major protocol developments that could shape how market participants interpret the additional supply entering circulation.
As always, token unlocks do not guarantee price movement. However, they remain an important consideration when evaluating potential short-term market dynamics.
Here is a breakdown of the most notable Solana ecosystem token unlocks scheduled for August 2026.
$TRUMP The Official Trump token will release 28.02 million $TRUMP through linear vesting during August. The unlock is valued at approximately $40.90 million and represents 11.28% of the token's circulating supply and 2.80% of total supply.
The unlock comes just weeks after U.S. President Donald Trump's 2025 financial disclosure revealed that cryptocurrency generated more income for him than his traditional real estate, golf, and resort businesses.
The annual filing with the U.S. Office of Government Ethics reported more than $1.4 billion in crypto-related income during 2025. Among the largest contributors were approximately $635.1 million from the $TRUMP memecoin and $236.3 million generated through World Liberty Financial token sales. Combined, those ventures accounted for well over $1 billion in reported crypto-related earnings, highlighting how digital assets have become the president's largest business segment.
$PUMP Pump.fun will unlock 7 billion $PUMP tokens through linear vesting during August. The release carries an estimated value of $14.72 million and represents 1.77% of the circulating supply and 0.83% of the total supply.
At TGE, Pump.fun allocated 33% of the total 1 trillion token supply to team members and existing investors under a vesting schedule consisting of a 12-month cliff followed by 36 months of linear vesting. With the cliff now complete, August marks the second month of those recurring monthly distributions.
$JTO Jito will unlock 18.59 million $JTO tokens through linear vesting during August. The release is valued at approximately $9.19 million and represents 3.67% of the circulating supply and 1.859% of the total supply.
The unlock follows the launch of JTX on July 14, Jito's flagship consumer-facing trading application. The platform expands Jito's ecosystem beyond infrastructure products such as the Jito Block Engine, $jitoSOL, and Block Assembly Marketplace plugins.
According to the JIP-38 proposal, 80% of all JTX revenue flows toward $JTO value accrual, while the remaining 20% will support ongoing protocol development. With JTX now live, August marks the first full month in which the application contributes to Jito's broader ecosystem, making the project's monthly unlock particularly notable as market participants evaluate its long-term impact.
$GRASS Grass will unlock 21.73 million $GRASS tokens beginning on August 28 alongside its ongoing linear vesting schedule. The release is valued at approximately $6.89 million and represents 3.32% of the circulating supply and 2.173% of the total supply.
The unlock follows the launch of Grass Wallet and Grass opening claims for Stage 2 Rewards on July 23, covering bandwidth contributions made between October 14, 2024 and June 8, 2026. Rather than distributing rewards in $GRASS, the protocol paid contributors in $USDC.
The decision sparked widespread debate across the community. Some community members questioned the long-term utility of the native token if network contributors no longer receive incentives denominated in $GRASS.
Attention now turns toward future tokenholder updates, where supporters and critics alike will be looking for greater clarity around token utility, value accrual, and the protocol's broader revenue strategy.
$KMNO Kamino will unlock 229.17 million $KMNO through linear vesting on August 30. The release is valued at approximately $4.19 million and represents 4.39% of circulating supply and 2.29% of total supply.
The unlock continues Kamino's established monthly vesting schedule and remains one of the larger recurring releases among Solana DeFi protocols.
Disclaimer: SolanaFloor is a subsidiary of the Jito Network
Read More on SolanaFloor Strategy Sells 1,637 $BTC to Bolster USD Reserves
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Americký regulátor varuje, že 135 551 starších vozů Ford Fiesta, Focus a EcoSport s motorem 1.0L turbo může mít „nepřiměřené“ bezpečnostní riziko kvůli selhání rozvodového řemene. NHTSA uvádí 355 hlášení o ztrátě výkonu nebo zadření motoru.
Some older Ford cars and SUVs pose "unreasonable" safety risks, according to federal regulators, warning that the timing belt may fail, causing them to lose power or engines to seize.
The National Highway Traffic Safety Administration announced on Monday that it has upgraded a defect investigation into 135,551 Ford vehicles from model years between 2014 and 2021 that are powered by the small 1.0L turbocharged three-cylinder engine due to an "unreasonable risk to motor vehicle safety."
The three affected models, the Fiesta, Focus and EcoSport, have all been discontinued by Ford.
The NHTSA said it was aware of 355 incidents alleging a low engine oil pressure warning light appeared just before a complete loss or reduction of motive power while driving.
FORD RECALLS NEARLY 388,000 VEHICLES OVER SECOND-ROW SEAT INJURY HAZARD
Some older Ford cars and SUVs pose "unreasonable" safety risks. (Photo by National Motor Museum/Heritage Images via Getty Images / Getty Images)
NHTSA said its initial investigation revealed timing belt material may degrade and create debris that clogs the mesh oil pump pick-up screen, causing reduced engine oil pressure.
The probe suggests failures can happen without sufficient warning and loss of power or engine seizure is imminent. Failures have been reported despite proper and routine oil maintenance, the NHTSA said.
"Based on NHTSA’s analysis of the data, failure rates, information provided by Ford, preliminary engine teardown analysis, and precedent recalls regarding loss of engine oil pressure with the presence of driver facing warnings, (the agency) believes there is an unreasonable risk to motor vehicle safety," the NHTSA said.
FORD RECALLS MORE THAN 110,000 MUSTANG VEHICLES OVER WINDSHIELD WIPER, DRIVETRAIN DEFECTS
The National Highway Traffic Safety Administration said it has upgraded a defect investigation into 135,551 Ford vehicles. (Getty Images / Getty Images)
NHTSA's decision to upgrade the probe to an engineering analysis is a required step before it could force the automaker to issue a recall.
Some drivers reported engine failures that cost thousands of dollars to fix.
One 2017 Ford Focus driver reported being on a highway in Wilmington, Delaware, when the oil pressure light illuminated and within an eighth of a mile, the vehicle "lost all power and the engine began to sound like a tank."
Data showed an average failure mileage of roughly 70,000 miles, and 98% of the failures happened before the 150,000-mile suggested timing belt replacement, the NHTSA said.
The three affected models, the Fiesta, Focus and EcoSport, have all been discontinued by Ford. (Jeff Kowalsky/Bloomberg via Getty Images / Getty Images)
CLICK HERE TO GET FOX BUSINESS ON THE GO
In June, Ford told the safety regulator it was adopting a non-safety customer satisfaction program for global vehicles with a 1.0L Fox Classic Timing Belt, cutting the maintenance interval to 100,000 miles or six years.
Ford is offering reimbursement to eligible customers who previously purchased engine repairs or replacements due to a timing belt-related issue, the NHTSA said, although it was not immediately clear which vehicles are covered by the customer satisfaction program.
SpaceX zveřejní v úterý své první hospodářské výsledky jako veřejně obchodovaná firma, přičemž trh sleduje ztrátu a ziskovost Starlinku. Ve čtvrtek se navíc uvolní asi 911,5 milionu akcií v hodnotě téměř 100 miliard USD.
Results land on Tuesday, with the first insider lock-up expiring on Thursday and the shares below their float price
SpaceX Corp (NASDAQ:SPCX) will publish its first set of results as a listed company after the closing bell in New York on Tuesday, two days before the first tranche of insider stock becomes eligible for sale.
Analysts expect second-quarter revenue of about $6.9 billion, a rise of roughly 68% on the same period last year, and a loss of between $0.23 and $0.35 a share.
The company lost $4.9 billion in 2025, and in the first quarter of this year the net loss widened to $4.2 billion from $528 million, on revenue of $4.6 billion.
Nobody expects a profit, which leaves the market focused on the timing and shape of the losses rather than their existence.
The larger event arrives on Thursday, when roughly 911.5 million shares held by early backers and employees become tradeable for the first time.
That is about 20% of restricted insider holdings, worth close to $100 billion at current prices, and comfortably more than the $75 billion raised in the June listing.
Further tranches unlock on a rolling schedule through the autumn, with a 28% release scheduled two days after third-quarter results and the remainder freed by December. Elon Musk's own holding stays locked until June next year.
Morgan Stanley (NYSE:MS) has described the next few days as the most dangerous phase since the flotation, given that the results and the unlock fall within 48 hours of one another.
The bank retains an overweight rating and a $300 price target, on the argument that the market is underestimating the artificial intelligence business.
The shares closed at $108.37 on Friday, against an offer price of $135 and a post-listing peak of $225.64, and short interest stands at around 219 million shares, roughly a third of the free float.
Options markets are pricing a move of 14% to 15% in either direction after the numbers.
Four disclosures matter most.
Starlink profitability is the first, after the satellite broadband arm ended March with 10.3 million subscribers and $3.3 billion of quarterly revenue, around 70% of the group total.
The second is cash generation from Falcon 9 launches, the reliable engine funding everything else.
The third is the scale of spending on computing infrastructure, where estimates put total capital expenditure near $13 billion for the quarter.
The fourth is Starship, where a launch abort on 16 July, followed by a rare Falcon 9 abort four days later, has sharpened questions about execution.
Bancorp 34 ve 2. čtvrtletí vykázala čistý zisk 1,9 mil. USD a zředěný EPS 0,24 USD. Čistá úroková marže se zlepšila na 3,85 % a problémová aktiva klesla na 0,31 %.
SCOTTSDALE, AZ / ACCESS Newswire / August 3, 2026 / Bancorp 34, Inc. (OTCID:BCTF), the parent company for Southwest Heritage Bank, together, the "Company" reports second quarter of 2026 performance.
Management Comments - Ciaran McMullan, Chairman & CEO
Core1 ROATA improved for the seventh consecutive quarter.
Core1 Net Interest Margin also improved over both the linked and prior year quarters.
While total loans increased modestly over the linked quarter, we booked approximately $37.0 million in new commitments.
Non-performing assets declined significantly as we returned a single large relationship to accrual status.
The bank received approval to retire $23.0 million of subordinated debt, effective July 15th, 2026.
As a result, annual interest cost will decline by $920,000.
During the quarter, we appointed a new Market President for our Las Cruces / El Paso market
2Q26 Highlights
Net Income and NIM
Core1 NIM improved over the linked and prior year quarters, by 8bps and 22bps, respectively driven by declining deposit costs and improved loan portfolio yields.
Net Income improved over the linked quarter driven primarily by increased net interest income and declined over the prior year due to the impact of a large recovery in Q2 2025.
Net Operating Income (pre-tax pre-provision) increased over both the linked and prior year quarters due to improved NIM and non-interest income.
Non-interest expense increased slightly during the quarter due to one-time costs related to the relocation of our Scottsdale Branch.
Balance Sheet
Deposits declined by $29.0 million in line with historical trends primarily due to tax payments coming due in April.
Total loans were up only slightly as elevated payoffs offset the impact of $37.0 million in new loan commitments.
Asset Quality
NPAs3 improved significantly, declining to 0.31% due to the upgrade of a single relationship of approximately $7.0 million.
Capital
TBVPS increased by $0.32, including a modestly negative AOCI impact.
The bank's Tier 1 Leverage Ratio increased to 13.36%.
Performance Metrics
(Consolidated)
2Q26
1Q26
2Q25
ROATA
0.83
%
0.75
%
1.01
%
ROATE
8.09
%
7.41
%
11.14
%
Core1 ROATA
0.68
%
0.65
%
0.51
%
Core1 ROATE
6.74
%
6.41
%
5.56
%
Net Interest Margin
3.85
%
3.86
%
3.66
%
Cost of Funds
2.46
%
2.47
%
2.61
%
Overhead Ratio2
2.85
%
2.86
%
2.84
%
Efficiency Ratio
73.47
%
75.50
%
79.07
%
NPA3
0.31
%
1.07
%
0.18
%
ACL to Total Loans
1.23
%
1.31
%
1.55
%
Balance Sheet (in 000s)
2Q26
1Q26
2Q25
Total Assets
$
895,991
$
918,984
$
931,267
Total Loans
$
707,154
$
706,062
$
676,389
Total Deposits
$
752,230
$
781,585
$
795,104
Total Capital
$
100,168
$
98,137
$
92,242
TBVPS
$
12.88
$
12.56
$
11.39
Income Statement
(000s except EPS)
2Q26
1Q26
2Q25
Net Interest Income
$
8,365
$
8,206
$
8,096
Non-interest Income
$
484
$
230
$
292
Non-interest Expense
$
6,501
$
6,369
$
6,633
Net Operating Income
$
2,348
$
2,067
$
3,005
Net Income
$
1,867
$
1,654
$
2,330
Core1 Net Income
$
1,560
$
1,430
$
1,163
Diluted Earnings per Share
$
0.24
$
0.21
$
0.32
1 - Non-GAAP, excludes merger related accretion and amortization, as well as material non-recurring income and expense items.
2 - Non-interest expense as a percentage of average assets
3 - NPA is non-performing assets as a % of total assets, net of government guarantees.
ABOUT BANCORP 34, INC. - Bancorp 34 is the holding company for Southwest Heritage Bank. The bank's headquarters are located at 8777 East Hartford Drive, Suite 100, Scottsdale, Arizona 85255. In addition, we operate seven full-service community bank branches, two in Maricopa County, Arizona, in the cities of Scottsdale and Gilbert; three in Pima County, Arizona, in the cities of Tucson and Green Valley; one branch in Otero County, New Mexico in the city of Alamogordo; and one branch in Dona Ana County New Mexico, in the city of Las Cruces.
FORWARD-LOOKING STATEMENTS - Certain statements herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as "believes," "will," "expects," "project," "may," "could," "developments," "strategic," "launching," "opportunities," "anticipates," "estimates," "intends," "plans," "targets" and similar expressions. These statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to, general economic conditions, changes in interest rates, the effects of any health pandemic, regulatory considerations, competition and the other risks. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Forward-looking statements speak only as of the date they are made, and we assume no obligation to update any of these statements in light of new information, future events or otherwise unless required under federal securities laws.
NON-GAAP FINANCIAL MEASURES- Some of the financial measures included in this release are not measures of financial performance recognized in accordance with generally accepted accounting principles in the United States ("GAAP"). These non-GAAP financial measures include: (i) core net income; (ii) core net interest margin; (iii) core ROAA; (iv) core ROAE (v) core ROATA; (vi) core ROATE; (vii) core NIE to average assets; and (viii) core efficiency ratio. We believe these non-GAAP financial measures provide investors and management with a more complete understanding of our financial position and performance. These non-GAAP financial measures are supplemental and are not a substitute for any analysis based on GAAP financial measures. Not all companies use the same calculation of these measures; therefore, this presentation may not be comparable to other similarly titled measures as presented by other companies. A reconciliation of our non-GAAP financial measures to the comparable GAAP financial measures is included at the end of the financial statement tables.
Select Financial Ratios
2Q26
1Q26
2Q25
Return on Average Assets (ROAA)
0.82
%
0.74
%
1.01
%
Core4 ROAA
0.68
%
0.64
%
0.50
%
Return on Average Tangible Assets (ROATA)
0.83
%
0.75
%
1.01
%
Core4 ROATA
0.69
%
0.65
%
0.51
%
Return on Average Equity (ROAE)
7.52
%
6.84
%
9.93
%
Core4 ROAE
6.27
%
5.91
%
5.23
%
Return on Average Tangible Equity
8.09
%
7.41
%
11.14
%
Core4 ROATE
6.74
%
6.41
%
5.56
%
Overhead Ratio
2.85
%
2.86
%
2.84
%
Core4 Overhead Ratio
2.71
%
2.65
%
2.65
%
Efficiency Ratio
73.47
%
75.50
%
79.07
%
Core4 Efficiency Ratio
76.14
%
76.92
%
82.26
%
Net Interest Margin
3.85
%
3.86
%
3.66
%
Core5 Net Interest Margin
3.50
%
3.42
%
3.28
%
Cost of Funds
2.46
%
2.47
%
2.61
%
Earnings Per Share (EPS)
$
0.25
$
0.22
$
0.32
Diluted EPS
$
0.24
$
0.21
$
0.32
Bank Regulatory Capital Ratios
2Q26
1Q26
2Q25
Tier 1 Leverage Capital Ratio
13.36
%
13.16
%
11.86
%
Common Equity Tier 1 Capital Ratio
15.11
%
14.71
%
14.18
%
Tier 1 Capital Ratio
15.11
%
14.71
%
14.18
%
Total Risk-based Capital Ratio
16.26
%
15.93
%
15.44
%
Credit Quality6
2Q26
1Q26
Total Classified Loans
$
16,311
$
18,299
Classified - Accrual Loans
$
13,522
$
7,339
Classified - Non-Accrual Loans
$
2,789
$
10,960
Non-Performing Assets
$
2,789
$
10,960
Total Classified / Total Loans
2.31
%
2.59
%
Adversely Classified Items/Total Capital
12.09
%
14.39
%
Period
GAAP Net
Income
Loan Mark
Accretion
CDI
Amortization
Non-Recurring
Items7
Core Net
Income8
2Q26
$
1,867
$
-679
$
349
$
-84
$
1,556
1Q26
$
1,654
$
-855
$
360
$
196
$
1,430
2Q25
$
2,330
$
-758
$
399
$
-1,197
$
1,163
4 - Non-GAAP, excludes merger related accretion and amortization, as well as material non-recurring income and expense items.
5 - Non-GAAP, excludes merger related fair value mark accretion and amortization.
6 - Classified and non-performing assets are net of government guarantees
7 - Includes Loan ACL reverse provision
8 - Non-GAAP, Assumes 25% tax rate
BALANCE SHEET (in 000s)
2Q26
1Q26
2Q25
Assets
Cash and due from banks
3,244
3,494
3,645
Fed funds sold & repos
5,540
1,040
5,430
Interest bearing deposits with banks
38,657
61,403
95,086
Investment securities
97,413
103,815
104,455
Loans, net of unearned income
707,154
706,062
676,389
Allowance for credit losses
-8,710
-9,258
-10,492
Premises and equipment, net
8,832
11,040
11,565
Accrued interest receivable
2,689
2,645
2,559
Core deposit intangible
5,328
5,677
6,791
Other assets
35,844
33,066
35,839
Total Assets
895,991
918,984
931,267
Liabilities
Non-interest bearing deposits
157,766
165,202
168,931
Interest bearing demand deposits
100,000
104,519
105,630
Savings and money market deposits
339,574
353,244
307,474
Time deposits - retail
152,350
155,721
207,999
Time deposits - wholesale
2,540
2,540
5,070
Total Deposits
752,230
781,226
795,104
Accrued expenses and other liabilities
16,273
12,322
16,680
Other borrowings
27,319
27,299
27,241
Total Liabilities
795,822
820,847
839,025
Equity
Common stock
74
74
75
Capital surplus
66,610
66,402
67,652
Retained earnings
33,850
33,850
25,989
Accumulated other comprehensive loss
-3,887
-3,843
-4,849
Net income
3,522
1,654
4,638
Unearned ESOP shares
0
0
-1,263
Total Equity
100,169
98,137
92,242
Total Liabilities & Equity
895,991
918,984
931,267
UNAUDITED
INCOME STATEMENT (in 000s)
2Q26
1Q26
2Q25
Interest Income
Interest on Loans
11,659
11,338
11,008
Fees on Loans
69
133
173
Interest on federal funds sold
32
33
49
Interest on deposits with banks
479
310
1,095
Investment Securities - Taxable
1,028
1,218
1,162
Total Interest Income
13,267
13,032
13,487
Interest Expense
Interest bearing demand deposits
369
349
373
Savings and Money Market Deposits
2,835
2,640
2,498
Time Deposits - Retail
1,336
1,469
2,124
Time Deposits - Wholesale
25
31
52
Total Interest Expense on Deposits
4,565
4,489
5,047
Interest on other borrowings
337
337
344
Total Interest Expense
4,902
4,826
5,391
Net Interest Income
8,365
8,206
8,096
Provision for Credit Losses
0
0
-1,250
Net In. Inc. After Prov. for Credit Losses
8,365
8,206
9,346
Non Interest Income
Service charges and fees
146
125
148
Mortgage loan and related fees
53
31
-9
Other noninterest income
285
74
153
Total Non Interest Income
484
230
292
Non Interest Expense
Salaries and employee benefits
3,420
3,451
3,323
Occupancy
773
725
726
Other noninterest expense
2,308
2,193
2,584
Total Non Interest Expense
6,501
6,369
6,633
Income Before Taxes
2,348
2,067
3,005
Income taxes
481
413
675
Net Income
1,867
1,654
2,330
INCOME STATEMENT (in 000s)
6 months
ending 2Q26
6 months
ending 2Q25
Interest Income
Interest on Loans
22,996
22,165
Fees on Loans
202
323
Interest on federal funds sold
65
101
Interest on deposits with banks
789
2,359
Investment Securities - Taxable
2,247
2,135
Total Interest Income
26,299
27,083
Interest Expense
Interest bearing demand deposits
718
702
Savings and Money Market Deposits
5,475
4,886
Time Deposits - Retail
2,804
4,570
Time Deposits - Wholesale
57
114
Total Interest Expense on Deposits
9,054
10,272
Interest on other borrowings
673
694
Total Interest Expense
9,727
10,966
Net Interest Income
16,572
16,117
Provision for Credit Losses
0
-2,750
Net In. Inc. After Prov. for Credit Losses
16,572
18,867
Non Interest Income
Service charges and fees
272
302
Mortgage loan and related fees
86
27
Other noninterest income
357
227
Total Non Interest Income
715
556
Non Interest Expense
Salaries and employee benefits
6,871
6,901
Occupancy
1,499
1,426
Other noninterest expense
4,501
5,098
Total Non Interest Expense
12,871
13,425
Income Before Taxes
4,416
5,998
Income taxes
894
1,360
Net Income
3,522
4,638
Average Balance Sheet and Yields
For the Three Months Ended
June 30, 2026
March 31, 2026
Average Balance
Interest
Average Yield/Rate
Average
Balance
Interest
Average Yield/Rate
Interest Earning Assets:
Federal funds sold
$
3,521,978
$
32,189
3.67
%
$
3,649,944
$
33,244
3.69
%
Deposits with banks
54,403,513
479,362
3.53
%
36,988,630
309,723
3.40
%
Investment securities
106,258,336
1,028,148
3.88
%
110,477,352
1,218,027
4.47
%
Loans
708,187,996
11,727,349
6.64
%
710,396,489
11,471,365
6.55
%
Total Interest Earning Assets
$
872,371,823
$
13,267,048
6.10
%
$
861,512,415
$
13,032,359
6.13
%
Non-Interest Earning Assets
$
41,795,279
$
41,417,194
Total Assets
$
914,167,102
$
902,929,609
Interest Bearing Liabilities:
Interest bearing demand
$
104,563,048
$
369,136
1.42
%
$
102,078,048
$
349,075
1.39
%
Savings and Money Market
347,058,899
2,835,039
3.28
%
327,965,659
2,639,522
3.26
%
Time deposits - Retail
155,333,571
1,335,594
3.45
%
165,714,505
1,468,887
3.59
%
Time Deposits - Wholesale
2,540,000
25,650
4.05
%
3,158,444
31,554
4.05
%
Total Interest Bearing Deposits
609,495,518
4,565,419
3.00
%
598,916,656
4,489,038
3.04
%
Total Borrowed Funds
27,307,385
336,310
4.94
%
27,287,777
336,989
5.01
%
Total Interest Bearing Liabilities
636,802,903
4,901,729
3.09
%
626,204,433
4,826,027
3.13
%
Non-Interest Bearing Deposits
162,926,161
-
0.00
%
165,855,529
-
0.00
%
Total Funding Sources/Cost
799,729,064
4,901,729
2.46
%
792,059,962
4,826,027
2.47
%
Non-Interest Bearing Liabilities
14,870,604
12,781,143
Equity
99,567,434
98,088,504
Total Liabilities and Equity
$
914,167,102
$
902,929,609
Net Interest Income
$
8,365,319
$
8,206,332
Net Interest Margin
3.85
%
3.86
%
Average Balance Sheet and Yields
For the Three Months Ended
June 30, 2026
June 30, 2025
Average
Balance
Interest
Average Yield/Rate
Average
Balance
Interest
Average Yield/Rate
Interest Earning Assets:
Federal funds sold
$
3,521,978
$
32,189
3.67
%
$
4,391,538
$
48,968
4.47
%
Deposits with banks
54,403,513
479,362
3.53
%
101,230,867
1,095,171
4.34
%
Investment securities
106,258,336
1,028,148
3.88
%
109,636,098
1,161,439
4.09
%
Loans
708,187,996
11,727,349
6.64
%
674,518,875
11,181,795
6.65
%
Total Interest Earning Assets
$
872,371,823
$
13,267,048
6.10
%
$
889,777,378
$
13,487,373
6.08
%
Non-Interest Earning Assets
$
41,795,279
$
40,031,708
Total Assets
$
914,167,102
$
929,809,086
Interest Bearing Liabilities:
Interest bearing demand
$
104,563,048
$
369,136
1.42
%
$
107,769,299
$
373,496
1.39
%
Savings and Money Market
347,058,899
2,835,039
3.28
%
296,161,664
2,497,634
3.38
%
Time deposits - Retail
155,333,571
1,335,594
3.45
%
211,751,684
2,123,642
4.02
%
Time Deposits - Wholesale
2,540,000
25,650
4.05
%
5,070,000
52,144
4.13
%
Total Interest Bearing Deposits
609,495,518
4,565,419
3.00
%
620,752,647
5,046,916
3.26
%
Total Borrowed Funds
27,307,385
336,310
4.94
%
27,430,238
344,231
4.96
%
Total Interest Bearing Liabilities
636,802,903
4,901,729
3.09
%
648,182,885
5,391,147
3.33
%
Non-Interest Bearing Deposits
162,926,161
-
0.00
%
178,549,677
-
0.00
%
Total Funding Sources/Cost
799,729,064
4,901,729
2.46
%
826,732,562
5,391,147
2.61
%
Non-Interest Bearing Liabilities
14,870,604
12,197,579
Equity
99,567,434
90,878,946
Total Liabilities and Equity
$
914,167,102
$
929,809,086
Net Interest Income
$
8,365,319
$
8,096,226
Net Interest Margin
3.85
%
3.66
%
Average Balance Sheet and Yields
For the Six Months Ended
June 30, 2026
June 30, 2025
Average
Balance
Interest
Average Yield/Rate
Average
Balance
Interest
Average Yield/Rate
Interest Earning Assets:
Federal funds sold
$
3,585,608
$
65,434
3.68
%
$
4,569,807
$
100,521
4.44
%
Deposits with banks
45,744,179
789,085
3.48
%
109,611,472
2,359,340
4.34
%
Investment securities
108,356,189
2,246,174
4.18
%
104,119,287
2,135,178
4.14
%
Loans
709,286,142
23,198,714
6.60
%
674,926,165
22,487,850
6.72
%
Total Interest Earning Assets
$
866,972,118
$
26,299,407
6.12
%
$
893,226,731
$
27,082,889
6.11
%
Non-Interest Earning Assets
$
41,607,280
$
40,010,655
Total Assets
$
908,579,398
$
933,237,386
Interest Bearing Liabilities:
Interest bearing demand
$
103,327,413
$
718,212
1.40
%
$
106,113,429
$
701,713
1.33
%
Savings and Money Market
337,565,023
5,474,561
3.27
%
289,896,939
4,886,018
3.40
%
Time deposits - Retail
160,495,362
2,804,481
3.52
%
221,669,292
4,569,911
4.16
%
Time Deposits - Wholesale
2,847,514
57,204
4.05
%
5,605,160
114,403
4.12
%
Total Interest Bearing Deposits
604,235,312
9,054,458
3.02
%
623,284,820
10,272,045
3.32
%
Total Borrowed Funds
27,297,635
673,299
4.97
%
27,569,740
694,276
5.08
%
Total Interest Bearing Liabilities
631,532,947
9,727,757
3.11
%
650,854,560
10,966,321
3.40
%
Non-Interest Bearing Deposits
164,382,753
-
0.00
%
181,029,672
-
0.00
%
Total Funding Sources/Cost
795,915,700
9,727,757
2.46
%
831,884,232
10,966,321
2.66
%
Non-Interest Bearing Liabilities
13,831,646
12,112,019
Equity
98,832,052
89,241,135
Total Liabilities and Equity
$
908,579,398
$
933,237,386
Net Interest Income
$
16,571,650
$
16,116,568
Net Interest Margin
3.85
%
3.65
%
Contact:
Kevin Vaughn
Chief Financial Officer
(623) 334-6064 [email protected]
Otter Tail oznámila zisk na akcii 1,66 USD, což překonalo odhad 1,48 USD a znamená překvapení +12,16 %. Tržby 334,38 milionu USD ale mírně zaostaly za očekáváním.
Otter Tail (OTTR - Free Report) came out with quarterly earnings of $1.66 per share, beating the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $1.85 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +12.16%. A quarter ago, it was expected that this power company and manufacturer would post earnings of $1.34 per share when it actually produced earnings of $1.73, delivering a surprise of +29.1%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Otter Tail, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $334.38 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.04%. This compares to year-ago revenues of $333.04 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Otter Tail shares have added about 9.4% since the beginning of the year versus the S&P 500's gain of 9.4%.
What's Next for Otter Tail?While Otter Tail has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Otter Tail was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.43 on $318 million in revenues for the coming quarter and $5.54 on $1.3 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the bottom 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Consolidated Edison (ED - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This utility is expected to post quarterly earnings of $0.74 per share in its upcoming report, which represents a year-over-year change of +10.5%. The consensus EPS estimate for the quarter has been revised 6.8% higher over the last 30 days to the current level.
Consolidated Edison's revenues are expected to be $3.74 billion, up 4.2% from the year-ago quarter.
Crescent Energy (CRGY - Free Report) reported $1.39 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 55.3%. EPS of $0.69 for the same period compares to $0.43 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.23 billion, representing a surprise of +13.21%. The company delivered an EPS surprise of +16.95%, with the consensus EPS estimate being $0.59.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Crescent Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average daily net sales volumes - Oil: 140 millions of barrels of oil per day versus the four-analyst average estimate of 135.66 millions of barrels of oil per day.Average daily net sales volumes - Natural Gas: 715 millions of cubic feet per day versus 733.08 millions of cubic feet per day estimated by four analysts on average.Average daily net sales volumes - Natural gas liquids: 76 millions of barrels of oil per day compared to the 73.03 millions of barrels of oil per day average estimate based on four analysts.Average daily net sales volumes - Total: 335 millions of barrels of oil equivalent per day compared to the 330.61 millions of barrels of oil equivalent per day average estimate based on four analysts.Average sales price per bbl - Oil (before effects of derivative settlements): $96.61 versus the three-analyst average estimate of $88.26.Average sales price per mcf - Natural gas (before effects of derivative settlements): $0.52 versus the three-analyst average estimate of $0.98.Average sales price per bbl - Natural gas liquids (before effects of derivative settlements): $18.67 versus the three-analyst average estimate of $20.56.Average realized prices per bbl - NGLs (after effects of derivative settlements): $18.67 compared to the $20.40 average estimate based on two analysts.Revenues- Natural gas liquids: $129.37 million versus the three-analyst average estimate of $136.86 million. The reported number represents a year-over-year change of +31.8%.Revenues- Oil: $1.23 billion compared to the $1.03 billion average estimate based on two analysts. The reported number represents a change of +103.6% year over year.Revenues- Midstream and other: $4.98 million compared to the $6 million average estimate based on two analysts. The reported number represents a change of -87% year over year.Revenues- Natural gas: $33.78 million versus the two-analyst average estimate of $87 million. The reported number represents a year-over-year change of -78.8%.View all Key Company Metrics for Crescent Energy here>>>
Shares of Crescent Energy have returned +22.8% over the past month versus the Zacks S&P 500 composite's +0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
SBA Communications vykázala ve čtvrtletí výnosy 715,29 milionu USD, meziročně o 2,3 % více, a zisk na akcii (EPS) 3,03 USD oproti 2,09 USD loni. Výnosy i EPS překonaly odhady.
SBA Communications (SBAC - Free Report) reported $715.29 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 2.3%. EPS of $3.03 for the same period compares to $2.09 a year ago.
The reported revenue represents a surprise of +1.7% over the Zacks Consensus Estimate of $703.37 million. With the consensus EPS estimate being $2.96, the EPS surprise was +2.37%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how SBA Communications performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sites owned - Domestic: 17,362 versus the three-analyst average estimate of 17,378.Sites owned - International: 29,028 versus the three-analyst average estimate of 29,139.Sites owned - Total: 46,390 versus the three-analyst average estimate of 46,517.Sites decommissioned - Domestic: -32 compared to the -18 average estimate based on two analysts.Sites owned previous - International: 28,980 versus the two-analyst average estimate of 28,980.Sites owned previous - Total: 46,358 compared to the 46,358 average estimate based on two analysts.Sites acquired - Total: 6 compared to the 118 average estimate based on two analysts.Sites built - Total: 109 versus 118 estimated by two analysts on average.Revenues- Site Development: $51.39 million compared to the $49.85 million average estimate based on three analysts. The reported number represents a change of -23.5% year over year.Revenues- International Site Leasing: $211.44 million versus $208.89 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +30.5% change.Revenues- Domestic Site Leasing: $452.45 million compared to the $449.07 million average estimate based on three analysts. The reported number represents a change of -3.7% year over year.Revenues- Site Leasing: $663.89 million versus the three-analyst average estimate of $657.96 million. The reported number represents a year-over-year change of +5.1%.View all Key Company Metrics for SBA Communications here>>>
Shares of SBA Communications have returned -1.9% over the past month versus the Zacks S&P 500 composite's +0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
SBA Communications Corporation (SBAC) oznámila hospodářské výsledky za 2. čtvrtletí 2026. V hovoru vedení zmínilo i výhled hospodaření pro rok 2026 a dál.
Louis Friend - Vice President of Capital Markets & Finance
Marc Montagner - Executive VP & CFO
Brendan Cavanagh - CEO, President & Director
Conference Call Participants
Batya Levi - UBS Investment Bank, Research Division
Ric Prentiss - Raymond James & Associates, Inc., Research Division
Michael Rollins - Citigroup Inc., Research Division
Jonathan Atkin - RBC Capital Markets, Research Division
Brendan Lynch - Barclays Bank PLC, Research Division
Richard Choe - JPMorgan Chase & Co, Research Division
Cameron McVeigh - Morgan Stanley, Research Division
Ryan Smyth - New Street Research LLP
Matthew Niknam - Truist Securities, Inc., Research Division
Eric Luebchow - Wells Fargo Securities, LLC, Research Division
Michael Ng - Goldman Sachs Group, Inc., Research Division
Nicholas Del Deo - MoffettNathanson LLC
Aryeh Klein - BMO Capital Markets Equity Research
Presentation
Operator
Welcome, and thank you all for joining today's SBA Second Quarter 2026 Results. Please note that today's call is being recorded. [Operator Instructions]
With that, I'd now like to formally begin today's call and turn it over to Louis Friend, Vice President of Finance and Capital Markets. Please go ahead.
Louis Friend
Vice President of Capital Markets & Finance
Good evening, and thank you for joining us for SBA's Second Quarter 2026 Earnings Conference Call. Here with me today are Brendan Cavanagh, our President and Chief Executive Officer; and Marc Montagner, our Chief Financial Officer.
Some of the information we will discuss on this call is forward-looking, including, but not limited to, any guidance for 2026 and beyond. In today's press release and in our SEC filings, we detail material risks that may cause our future results to differ from our expectations. Our statements are as of today, August 3, and we have no obligation to update any forward-looking statements we may make.
For the quarter ended June 2026, Viper Energy Partners (VNOM - Free Report) reported revenue of $677 million, up 128% over the same period last year. EPS came in at $0.76, compared to $0.41 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $633.9 million, representing a surprise of +6.8%. The company delivered an EPS surprise of +4.11%, with the consensus EPS estimate being $0.73.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Viper Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average daily combined volumes: 134,363.00 BOE/D versus 126,490.30 BOE/D estimated by eight analysts on average.Average sales prices - Natural gas liquids: $23.83 compared to the $21.24 average estimate based on five analysts.Production - Crude Oil: 5,922.00 MBBL compared to the 5,879.96 MBBL average estimate based on four analysts.Average sales prices - Oil, hedged: $96.42 versus the four-analyst average estimate of $90.05.Average sales prices - Natural gas, hedged: $1.48 versus $1.30 estimated by four analysts on average.Production - Natural Gas: 18,949.00 MMcf versus the four-analyst average estimate of 16,979.81 MMcf.Production - NGL: 3,147.00 MBBL compared to the 2,805.34 MBBL average estimate based on four analysts.Royalty income: $658 million versus $604.29 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +129.3% change.Lease bonus income: $11 million versus $8.18 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +10% change.Oil income: $582 million compared to the $521.6 million average estimate based on four analysts. The reported number represents a change of +141.5% year over year.Natural Gas Liquids Income: $75 million versus the four-analyst average estimate of $57.89 million. The reported number represents a year-over-year change of +108.3%.Natural Gas Income: $1 million versus $23.3 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -90% change.View all Key Company Metrics for Viper Energy here>>>
Shares of Viper Energy have returned +9.5% over the past month versus the Zacks S&P 500 composite's +0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Dorman Products (DORM - Free Report) came out with quarterly earnings of $3.08 per share, beating the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $2.06 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +73.03%. A quarter ago, it was expected that this distributor of parts to automotive retailers would post earnings of $1.52 per share when it actually produced earnings of $1.57, delivering a surprise of +3.29%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Dorman Products, which belongs to the Zacks Automotive - Replacement Parts industry, posted revenues of $544.6 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 6.41%. This compares to year-ago revenues of $540.96 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Dorman Products shares have added about 8.1% since the beginning of the year versus the S&P 500's gain of 9.4%.
What's Next for Dorman Products?While Dorman Products has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Dorman Products was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.44 on $584.33 million in revenues for the coming quarter and $8.22 on $2.29 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Replacement Parts is currently in the bottom 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Auto-Tires-Trucks sector, Atmus Filtration Technologies (ATMU - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 7.
This industrial filtration product company is expected to post quarterly earnings of $0.79 per share in its upcoming report, which represents a year-over-year change of +5.3%. The consensus EPS estimate for the quarter has been revised 0.7% higher over the last 30 days to the current level.
Atmus Filtration Technologies' revenues are expected to be $510.5 million, up 12.6% from the year-ago quarter.
Tidewater oznámila za čtvrtletí končící v červnu 2026 zisk 0,43 USD na akcii a tržby 342,29 milionu USD, obojí nad odhady. Zisk meziročně klesl z 1,23 USD na akcii.
Tidewater (TDW - Free Report) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $1.23 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +34.38%. A quarter ago, it was expected that this offshore energy services provider would post earnings of $0.75 per share when it actually produced earnings of $0.12, delivering a surprise of -84%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Tidewater, which belongs to the Zacks Oil and Gas - Integrated - United States industry, posted revenues of $342.29 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 5.02%. This compares to year-ago revenues of $341.43 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Tidewater shares have added about 48.6% since the beginning of the year versus the S&P 500's gain of 9.4%.
What's Next for Tidewater?While Tidewater has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Tidewater was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.52 on $400.19 million in revenues for the coming quarter and $3.52 on $1.45 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Integrated - United States is currently in the bottom 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Prairie Operating Co. (PROP - Free Report) , is yet to report results for the quarter ended June 2026.
This company is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of -88.9%. The consensus EPS estimate for the quarter has been revised 3% lower over the last 30 days to the current level.
Prairie Operating Co.'s revenues are expected to be $108.22 million, up 58.9% from the year-ago quarter.
Tornado Cash zaznamenal 23. července 968 vkladů, což je nejvíce v roce 2026, a proteklo jím 29 573 ETH, asi 57,2 milionu USD. Většinu tvořilo 23 095 ETH z adresy Drift Exploiter 4, tedy 245 vkladů v hodnotě zhruba 44,4 milionu USD.
The July 23 spike — worth about $57 million in ETH — was driven largely by the Drift exploiter, who pushed $44 million through the mixer in under two hours.
Tornado Cash processed 968 deposits on July 23, its busiest day of 2026, according to L2Beat data.
The spike shows large-scale attackers have returned to the privacy protocol since the U.S. Treasury lifted sanctions in March 2025 — and that its baseline usage keeps climbing even as developer Roman Storm awaits a retrial over operating it.
Depositors moved 29,573 ETH, worth about $57.2 million at July 23 prices, into the mixer's Ethereum pools that day across 110 addresses, per onchain data. Most of it came from one: the address labeled Drift Exploiter 4 made 245 deposits totaling 23,095 ETH, about $44.4 million and 78% of the day's inflow, in under two hours.
"The Drift Protocol exploiter who stole $285M has deposited 23,095 $ETH ($44.4M) into #TornadoCash today," onchain tracker Lookonchain wrote on X on July 24. "The exploiter still holds 107,165 $ETH ($201M)."
Security firm PeckShield posted the same figures, noting the exploiter also sent 0.85 ETH to Bybit.
Drift Money on the MoveThe deposits were the first movement of funds from the April 1 exploit of Drift, the Solana perps DEX drained of roughly $285 million in the largest DeFi hack of 2026. Blockchain forensics firms including TRM Labs and Elliptic have attributed the attack with medium-to-high confidence to UNC4736, the North Korea-linked cluster behind the $1.5 billion Bybit hack.
Even setting the exploiter aside, the day's remaining 723 deposits from 109 other addresses exceeded most full days in 2025, when July 23 of that year saw 177 deposits total.
Post-Delisting ReboundTornado Cash usage has rebounded steadily since Treasury's Office of Foreign Assets Control delisted it in March 2025, following a Fifth Circuit ruling that immutable smart contracts can't be sanctioned. The mixer has captured more than 20% of crypto mixing volume in 2026, with weekly inflows of $10 million to $80 million, according to TRM Labs — up from about 16% in the years after the 2022 sanctions. The 2026 peak still trails Nov. 5, 2025, when Richard Heart-linked wallets helped drive 1,363 deposits in a day.
Storm's case continues alongside the rebound. Prosecutors are seeking an October retrial of Storm on money-laundering and sanctions-conspiracy charges after a Manhattan jury hung on those counts in August 2025, while Judge Katherine Polk Failla weighs his acquittal bid on the single count where jurors convicted.
Diversified Healthcare vykázala FFO 0,16 USD na akcii, nad odhadem 0,14 USD, a meziročně vzrostla z 0,08 USD. Výnosy 365,39 mil. USD ale za čtvrtletí skončily pod odhadem o 1,09 %.
Diversified Healthcare (DHC - Free Report) came out with quarterly funds from operations (FFO) of $0.16 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to FFO of $0.08 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of +14.29%. A quarter ago, it was expected that this residential care real estate investment trust would post FFO of $0.13 per share when it actually produced FFO of $0.14, delivering a surprise of +7.69%.
Over the last four quarters, the company has surpassed consensus FFO estimates two times.
Diversified Healthcare, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $365.39 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.09%. This compares to year-ago revenues of $382.71 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Diversified Healthcare shares have added about 83.5% since the beginning of the year versus the S&P 500's gain of 9.4%.
What's Next for Diversified Healthcare?While Diversified Healthcare has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Diversified Healthcare was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $0.15 on $379.56 million in revenues for the coming quarter and $0.60 on $1.5 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Creative Media & Community Trust (CMCT - Free Report) , is yet to report results for the quarter ended June 2026.
This real estate investment trust is expected to post quarterly loss of $0.51 per share in its upcoming report, which represents a year-over-year change of +100%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Creative Media & Community Trust's revenues are expected to be $28.1 million, down 5.4% from the year-ago quarter.
Sandisk a SK hynix zveřejnily první technickou specifikaci HBF prostřednictvím Open Compute Project, aby urychlily standardizaci pro AI inferenci. Dokument má vývojářům poskytnout jednotný rámec pro paměť s vysokou šířkou pásma a vyšší kapacitou.
Open Compute Project Specification provides foundation for High Bandwidth Flash adoption in AI inference systems
MILPITAS, Calif.--(BUSINESS WIRE)--Sandisk Corporation (Nasdaq: SNDK) and SK hynix Inc. today announced the release of the HBF™ (High Bandwidth Flash) technical specification through the Open Compute Project (OCP), advancing the workstream to drive HBF standardization for the AI inference era, just six months after the consortium began work in February.
The specification was developed through the HBF technology workstream under OCP, with Sandisk and SK hynix serving as primary contributors. Notably, Google and Tenstorrent joined as consortium members during this standardization process, contributing significantly to technology validation and the establishment of the standard. The specification provides companies and developers designing AI inference systems and accelerators with a common technical framework for incorporating HBF technology where larger, near-compute memory capacity and higher bandwidth are needed to improve power and performance metrics and help reduce total cost of ownership.
Modern AI inference systems need high-bandwidth memory positioned close to compute cores, while the demand for greater near-compute memory capacity continues to grow with the requirements of large language models and emerging AI workloads. HBF technology is designed to address this need by combining high bandwidth with high capacity, helping data center system designers improve interactivity and throughput during model serving.
“AI inference is creating a new set of memory requirements, and HBF technology is designed to meet that moment,” said Alper Ilkbahar, Chief Technology Officer, Sandisk. “This specification helps give system designers a practical path to bring high-capacity, high-bandwidth memory closer to compute, while enabling more flexible architectures. It is an important milestone for the HBF ecosystem and for the next generation of AI systems built to improve token economics at scale.”
The specification defines system interface, electrical and other technical guidelines for designing systems that interact with and use HBF technology, including basic performance expectations, the xPU-HBF host interface, reliability and packaging guidance for an HBF die stack, and a software user guide for read and write operations. As one of the first technical standards of its kind in the memory and storage industry, the specification helps give AI compute system designers added flexibility to build systems where HBF technology can coexist with High Bandwidth Memory, helping support ecosystem readiness.
The specification was released within the Open Compute Project framework, meaning the information is openly available to the industry. Sandisk and SK hynix proactively published the specification to position HBF technology as the de facto standard in the rapidly evolving AI storage market. Their strategy involves fostering an early-stage ecosystem, increasing the visibility of HBF technology’s adoption for customers, and accelerating market expansion and technological maturity through open collaboration and membership in the consortium.
Sandisk Keynote: NAND - The Versatile & Scalable Foundation of the AI Era
On Wednesday, August 5, at 11:40 a.m. PT, Sandisk’s keynote at The Future of Memory and Storage Conference (FMS) at the Santa Clara Convention Center will explore the importance of system-level optimization and NAND in enabling AI inference at scale. The keynote will feature Sandisk’s Jim Elliott, chief revenue officer; Khurram Ismail, chief product officer; and Alper Ilkbahar, chief technology officer.
FMS Panel Discussion: Breaking the Memory Wall with High Bandwidth Flash
On Thursday, August 6, at 9:45 a.m. PT, Sandisk, SK hynix, and Google will present a panel discussion hosted by Thomas Coughlin, President of Coughlin Associates, at The Future of Memory and Storage Conference (FMS) at the Santa Clara Convention Center, Conference Room D. The session will discuss how HBF technology aims to redefine the memory hierarchy by providing near-memory speeds with the density and persistence of high bandwidth flash. The panel will bring together experts from HBF solution providers as well as a Hyperscale-AI Infrastructure provider, to dissect the HBF technology usage and development needed for success, including Architectural Integration, Technical Challenges, Standardization timelines, performance and economics.
About Sandisk
Sandisk (Nasdaq: SNDK) delivers innovative Flash solutions and advanced memory technologies that meet people and businesses at the intersection of their aspirations and the moment, enabling them to keep moving and pushing possibility forward. Follow Sandisk on Instagram, Facebook, X, LinkedIn, YouTube. Join TeamSandisk on Instagram.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of U.S. federal securities laws, including, among others, statements regarding expectations for: the advancement of HBF standardization with the release of the first OCP technical specification; the impact of the HBF technical specification on HBF adoption in AI inference systems; and the capabilities, benefits and industry impact of HBF technology. These forward-looking statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements.
Key risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements include: adverse changes in global or regional economic conditions, including the impact of evolving trade policies, tariff regimes and trade wars; volatility in demand for Sandisk’s products; pricing trends and fluctuations in average selling prices; exposure to execution, financial and market risks due to long-term agreements; inflation; changes in interest rates and a potential economic recession; the impact of business and market conditions; the impact of competitive products and pricing; the development and introduction of products based on new technologies and management of technology transitions; risks associated with strategic initiatives, including restructurings, acquisitions, divestitures, cost saving measures and joint ventures; risks related to product defects; difficulties or delays in manufacturing or other supply chain disruptions; reliance on strategic relationships with key partners, including Kioxia Corporation; the attraction, retention and development of skilled management and technical talent; risks associated with the use of artificial intelligence in business operations; changes to relationships with key customers or consolidation among the customer base; compromise, damage or interruption from cybersecurity incidents or other data system security risks; reliance on intellectual property; fluctuations in currency exchange rates; actions by competitors; risks associated with compliance with changing legal and regulatory requirements; and other risks and uncertainties listed in Sandisk’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K filed with the SEC on August 21, 2025 and Quarterly Report on Form 10-Q filed with the SEC on May 1, 2026, to which your attention is directed. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof, and Sandisk undertakes no obligation to update or revise these forward-looking statements to reflect new information or events, except as required by law.
SANDISK, the SANDISK logo and HBF are registered trademarks or trademarks of Sandisk Corporation or its affiliates in the U.S. and/or other countries. All other marks are the property of their respective owners.
Electronic Arts za první čtvrtletí nesplnil odhady bookingů, když vykázal 1,35 miliardy USD proti očekávaným 1,48 miliardy USD. Slábnoucí zájem o Battlefield zvyšuje obavy před převzetím ze strany Saúdské Arábie za 55 miliard USD.
Electronic Arts logo is seen in this illustration taken September 30, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
Aug 3 (Reuters) - Videogame publisher Electronic Arts (EA.O), opens new tab missed expectations for first-quarter bookings on Monday, hit by a post-launch decline in engagement for its "Battlefield" franchise ahead of its Saudi-backed acquisition.
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Despite having a strong launch last year, "Battlefield 6" has struggled to maintain player engagement, raising concerns about its long-term live-service revenue potential.
The Redwood City, California-based company relies heavily on in-game spending to extend the life cycles of its titles and derive consistent revenue.
Electronic Arts is likely to feel the heat from Take-Two Interactive's (TTWO.O), opens new tab upcoming blockbuster release of "Grand Theft Auto VI", which is expected to command player attention and funnel discretionary spending away from rivals.
The gaming company reported first-quarter bookings of $1.35 billion, missing analysts' average estimate of $1.48 billion, according to data compiled by LSEG.
Profit rose to $397 million for the quarter ended June 30, from $201 million in the year-ago period.
Last week, Saudi Arabia's Public Investment Fund and a group of investors gained EU approval for their $55 billion deal to take Electronics Arts private.
Reporting by Anhata Rooprai and Arunesh Sinha in Bengaluru
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Clorox vstupuje do fiskálního roku 2027 s lepšími tržními podíly a očekává, že organické tržby budou letos beze změny až mírně vyšší. Firma ale čeká inflaci přes 200 milionů USD a růst marží až ve druhé polovině roku.
5 High-Yield Stocks That Could Help Cushion Market VolatilityClorox NYSE: CLX said it is entering fiscal 2027 with improving market-share trends, a completed enterprise resource planning implementation and a plan to offset more than $200 million in expected supply-chain inflation through productivity initiatives and targeted pricing.
Chair and CEO Linda Rendle said the company operated through fiscal 2026 in an environment marked by value-seeking consumers, heightened competition, inflation and macroeconomic uncertainty. Clorox has responded by adjusting product offerings, price-pack architecture, promotions, brand investment and distribution, while continuing its broader operational transformation.
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3 Defensive Stocks to Buy as Economic Uncertainty Lingers“While the majority of our businesses are performing at or above expectations, we have taken decisive actions to improve in the areas that are not yet delivering what we expect,” Rendle said. She said the company saw sequential improvement in consumption and market share during fiscal 2026, with consumption returning to flat in the fourth quarter and aggregate share down only one-tenth of a percentage point.
Fiscal 2027 outlook includes muted category growth Rendle said Clorox expects category growth to remain muted in fiscal 2027, broadly consistent with fiscal 2026, as consumers continue seeking value. The company’s outlook assumes continuity in category conditions and does not contemplate significant disruption from inflation or geopolitical developments.
3 Dividend Stocks Raising Payouts—and Backing It Up With ResultsClorox expects organic sales to be flat to slightly higher for the year, with a slower first quarter primarily due to timing effects in Kingsford grilling products and promotions. Rendle described the first-quarter impact as a “blip,” saying the rest of the year, particularly the back half, should more closely resemble fiscal 2026 trends.
Kingsford faced a difficult grilling season as weather affected key holidays. Rendle said Memorial Day was unusually cool and wet across much of the U.S., while widespread heat advisories during the July 4 weekend discouraged grilling. Retailers also emphasized smaller sizes on promotion to appeal to value-oriented shoppers. Clorox plans to adjust its merchandising approach next season by encouraging earlier seasonal purchases.
Management expects to continue improving market share in fiscal 2027. Rendle highlighted eight consecutive quarters of share growth in home care, as well as continued share gains in professional and international businesses. The company also cited improving results in Glad and Hidden Valley Ranch, while identifying litter and Kingsford as areas where further progress is needed.
Inflation, pricing and margins CFO Luc Bellet said Clorox expects fiscal 2027 inflation of more than $200 million, more than double the company’s historical range of $75 million to $100 million. The outlook assumes Brent crude oil averages about $90 a barrel and includes cost pressures beyond commodities, including supplier costs, ocean freight, trucking and other logistics expenses.
Bellet said inflation is expected to be more pronounced in the first half of the fiscal year. Productivity will be the company’s primary offset, supplemented by selective pricing and other revenue-management actions. Clorox expects to begin recovering gross margin in the second half, although it does not expect to fully recover margin for the full year. The company expects to exit fiscal 2027 with a stronger gross margin.
Rendle said Clorox is taking a more selective approach to pricing than in prior inflationary periods, following several substantial price increases during 2022 and 2023. The company is implementing a regular price increase in Glad trash because of that category’s resin exposure, while using targeted pricing elsewhere in the portfolio.
“Pricing is only one tool in the toolbox,” Rendle said, pointing to revenue growth management, price-pack architecture, cost savings and innovation as additional levers. She said management does not see a structural loss of pricing power in its categories, but views the current environment as unusual because it follows back-to-back inflation cycles and pressure on consumer budgets.
GOJO acquisition and operating transformation Management said the integration of GOJO, which brings the Purell brand into Clorox’s portfolio, is proceeding as planned and in some areas ahead of plan. Rendle said the business performed ahead of its fourth-quarter targets, while Bellet said GOJO was accretive rather than dilutive to adjusted earnings per share in the quarter.
Bellet said GOJO is expected to be accretive to adjusted EPS in fiscal 2027 and is expected to grow at a mid-single-digit rate before potential revenue synergies. As those synergies are realized, management expects growth in the business could reach the mid- to high-single digits for several years.
The CFO also noted that GOJO’s business-to-business model has a different profit-and-loss profile than Clorox’s legacy operations, including lower advertising spending as a percentage of sales and higher selling, general and administrative expenses.
Clorox completed its ERP implementation and is now focused on stabilizing and optimizing the system. Bellet said the company expects supply-chain and administrative benefits to build later in fiscal 2027 and into the following year. Potential benefits include improved planning, lower inventory, automation, more responsive demand fulfillment and increased use of global business services.
Litter turnaround and CEO search Rendle said litter remains the company’s principal work in progress following the cyberattack and operational disruptions of prior years. The company has restored lost distribution, but is continuing to overhaul the Fresh Step brand through product improvements, packaging changes, marketing, e-commerce upgrades and targeted pricing.
Clorox reduced dust in certain Fresh Step products, expanded investment in lightweight litter and changed packaging and marketing. Rendle said more innovation is planned for the back half of fiscal 2027, though she cautioned that rebuilding consumer awareness, repeat purchases and category momentum will take time.
Rendle also provided an update on Clorox’s CEO succession process. She previously informed the board of her intention to step down due to personal health challenges. She said she is cancer-free, feels well and remains focused on running the company. The board has hired an external search firm and the process is progressing according to its expected timeline.
Clorox expects fiscal 2027 free cash flow to remain within its targeted range of 11% to 13% of sales. Bellet said the company remains committed to its dividend, describing the currently elevated payout ratio as transitory while gross margins rebuild.
About Clorox (NYSE:CLX)The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company's flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.
Clorox's diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Snap (SNAP - Free Report) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to a loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -14.29%. A quarter ago, it was expected that this company behind Snapchat would post earnings of $0.09 per share when it actually produced earnings of $0.1, delivering a surprise of +11.11%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Snap, which belongs to the Zacks Internet - Software industry, posted revenues of $1.6 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.31%. This compares to year-ago revenues of $1.34 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Snap shares have lost about 41.9% since the beginning of the year versus the S&P 500's gain of 9.4%.
What's Next for Snap?While Snap has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Snap was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.17 on $1.7 billion in revenues for the coming quarter and $0.60 on $6.69 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the bottom 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Opendoor Technologies Inc. (OPEN - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 4.
This company is expected to post quarterly loss of $0.02 per share in its upcoming report, which represents a year-over-year change of -100%. The consensus EPS estimate for the quarter has been revised 7.1% lower over the last 30 days to the current level.
Opendoor Technologies Inc.'s revenues are expected to be $913.04 million, down 41.7% from the year-ago quarter.
Williams Companies, Inc. (The) (WMB - Free Report) came out with quarterly earnings of $0.5 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -3.85%. A quarter ago, it was expected that this pipeline operator would post earnings of $0.65 per share when it actually produced earnings of $0.73, delivering a surprise of +12.31%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
The Williams Companies, which belongs to the Zacks Oil and Gas - Production and Pipelines industry, posted revenues of $3.05 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1%. This compares to year-ago revenues of $2.78 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
The Williams Companies shares have added about 19% since the beginning of the year versus the S&P 500's gain of 9.4%.
What's Next for The Williams Companies?While The Williams Companies has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for The Williams Companies was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.56 on $3.19 billion in revenues for the coming quarter and $2.35 on $12.82 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Production and Pipelines is currently in the bottom 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
South Bow Corporation (SOBO - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.
This company is expected to post quarterly earnings of $0.45 per share in its upcoming report, which represents a year-over-year change of +7.1%. The consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level.
South Bow Corporation's revenues are expected to be $516.13 million, down 1.5% from the year-ago quarter.
BWX Technologies (BWXT - Free Report) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $1.02 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +5.94%. A quarter ago, it was expected that this supplier of nuclear fuel and components to the U.S. government would post earnings of $0.92 per share when it actually produced earnings of $1.12, delivering a surprise of +21.74%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
BWX, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $901.63 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.10%. This compares to year-ago revenues of $764.04 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
BWX shares have lost about 2.4% since the beginning of the year versus the S&P 500's gain of 9.4%.
What's Next for BWX?While BWX has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for BWX was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.24 on $983.93 million in revenues for the coming quarter and $4.61 on $3.78 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense Equipment is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Ducommun (DCO - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This aerospace industry supplier is expected to post quarterly earnings of $0.94 per share in its upcoming report, which represents a year-over-year change of +6.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Ducommun's revenues are expected to be $213.67 million, up 5.6% from the year-ago quarter.
AI’s Power Problem Is Turning Nuclear Stocks Into a Bigger Market StoryBWX Technologies NYSE: BWXT reported second-quarter 2026 revenue growth of 18% and raised its full-year financial outlook, citing continued demand across nuclear national security and commercial power markets.
Second-quarter revenue reached $902 million, including 9% organic growth, while adjusted EBITDA rose 7% to $156 million. Adjusted earnings per share increased 5% to $1.70, and free cash flow totaled $115 million. The company ended the quarter with $8.4 billion in backlog, up 40% from a year earlier, and reported a trailing 12-month book-to-bill ratio of 1.7 times.
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3 Overlooked Nuclear Fuel Supply Chain WinnersPresident and CEO Rex Geveden said the company sees the nuclear industry in the early stages of a “multi-decade super cycle of growth,” supported by demand for naval propulsion, national security programs, commercial reactor equipment and nuclear services.
Medical Business Sale and PCG Acquisition BWXT announced the sale of just over 80% of its medical business and Kinectrics stable-isotope enrichment operations to Nordic Capital in a transaction valued at up to $800 million. The deal includes $750 million of consideration, with shared economics that could lift the value to $800 million, according to Senior Vice President and CFO Mike Fitzgerald.
Nuclear's Pullback: A Generational Buying Opportunity?BWXT will retain a 20% equity interest in the businesses and will continue providing certain specialty manufacturing services after the transaction closes. The sale excludes the company’s Isogen joint venture with Framatome, which provides irradiation services through Bruce Power.
Geveden said the medical operations represented about 3% of BWXT’s total sales but required a disproportionate amount of management attention. He said the transaction would allow the company to concentrate resources on nuclear national security and commercial power opportunities while placing the medical assets with an owner focused on the healthcare market.
Fitzgerald said the businesses being sold are expected to account for approximately $130 million of 2026 revenue at a margin modestly above the Commercial Operations segment average. After the sale, BWXT will account for its retained interest through equity income rather than revenue.
The company also completed its acquisition of Precision Components Group, or PCG, in early July. While much of PCG’s current work is tied to the U.S. Naval Nuclear Propulsion Program, Geveden said the business adds commercial nuclear manufacturing capabilities, including experience supporting AP1000 components.
BWXT is assessing how to deploy capital at PCG and evaluating additional U.S. commercial manufacturing expansion. Potential sites include Mount Vernon, Indiana, as well as East Coast locations that could leverage PCG’s real estate and workforce. The company said it needs deep-water port access to serve global markets for large equipment, such as steam generators and reactor pressure vessels. BWXT received a $21 million Department of Energy award in May to support domestic manufacturing capacity expansion and expects a final investment decision in coming months.
Commercial Nuclear Pipeline Expands Commercial Operations revenue increased 72% in the quarter, including 33% organic growth. Adjusted EBITDA in the segment more than doubled to $36 million, while adjusted EBITDA margin was 11.9%. Results reflected higher Canadian field services and aftermarket work, nuclear medicine growth, and increased Kinectrics revenue.
Geveden said BWXT is pursuing work with multiple reactor vendors globally and sees a credible opportunity to secure at least one new-build nuclear equipment order before the end of 2026. He pointed to opportunities involving small modular reactors, AP1000 projects and GE Vernova’s BWRX-300 technology.
Canada’s recently released nuclear strategy was also cited as a potential source of future demand. The plan contemplates up to 10 new large reactors over coming decades, in addition to SMR deployments and CANDU life-extension programs. Geveden said long-lead equipment orders for large Canadian projects could begin to affect BWXT’s business positively in the early 2030s.
The company is also pursuing arrangements to monetize its mPower small modular reactor intellectual property. BWXT signed an exclusive land-based licensing agreement with Applied Atomics, which will lead and fund completion of the design and licensing process. BWXT will support that work, retain the intellectual property and hold exclusive manufacturing and royalty rights. Separately, BWXT is conducting a feasibility study with Core Power on using mPower technology for floating nuclear platforms serving offshore energy markets.
Government Operations and Advanced Nuclear Programs Government Operations revenue grew 2% during the quarter as growth in Special Materials and naval propulsion offset lower microreactor volumes. Segment adjusted EBITDA was $126 million, representing a 20.9% margin.
BWXT said its Defense Fuels Enrichment and High Purity Depleted Uranium programs are progressing. The company expects to deliver an operational prototype centrifuge this year at its centrifuge manufacturing development facility, while engineering and site preparation continue for new HPDU plants in Jonesborough, Tennessee.
Geveden also highlighted the Navy’s updated 30-year shipbuilding plan, which calls for sustained annual production of two Virginia-class submarines and one Columbia-class submarine, while accelerating Ford-class aircraft carrier procurement to a four-year cadence. He said the faster Ford cadence should improve manufacturing stability by reducing periods in which only one ship set is moving through BWXT’s plants.
The plan additionally introduces a nuclear-powered battleship concept using one Ford-class reactor. Geveden said the initiative remains in its early stages and is dependent on further authorization and appropriations, but long-lead procurement could begin in 2028 if the program moves forward.
Raised 2026 Outlook BWXT raised full-year free cash flow guidance by $30 million to a range of $345 million to $360 million. It now expects approximately $3.8 billion of revenue for 2026, representing high-teens growth from 2025, and increased adjusted EBITDA guidance to $662 million to $672 million.
Government Operations revenue growth is now expected in the high single digits, down from a prior low-teens expectation, reflecting better cost performance that reduces reported revenue under the company’s accounting rules. Government Operations adjusted EBITDA margin guidance rose to approximately 20.5%, from greater than 19% previously. Commercial Operations revenue growth guidance increased to approximately 45%, from approximately 30%, with slightly more than half of the increase attributed to PCG and the remainder driven by commercial power growth and improved Kinectrics performance. Commercial Operations adjusted EBITDA margin guidance was lowered to approximately 13% from approximately 14%, reflecting investments in U.S. and Canadian capacity. Non-GAAP earnings-per-share guidance was raised to $4.70 to $4.80, with the increase driven entirely by stronger operating earnings. Fitzgerald said BWXT expects about 55% of second-half earnings to be generated in the fourth quarter because of normal Commercial Operations seasonality and the timing of Government Operations program ramps.
About BWX Technologies (NYSE:BWXT)BWX Technologies, Inc NYSE: BWXT is a specialized supplier of nuclear components and services, primarily serving the U.S. government and commercial markets. The company's core expertise lies in the design, fabrication and servicing of nuclear propulsion systems for the U.S. Navy, where it supports the maintenance and overhaul of naval nuclear reactors. In addition to defense applications, BWXT develops small modular reactors (SMRs), nuclear fuel and related technologies for non‐defense power generation, offering scalable solutions to meet evolving energy and industrial demands.
Beyond propulsion and power systems, BWXT is a leading producer of medical radioisotopes used in diagnostic imaging and cancer treatment.
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Ameresco (AMRC - Free Report) came out with quarterly earnings of $0.2 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this energy services company would post a loss of $0.27 per share when it actually produced a loss of $0.33, delivering a surprise of -22.22%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Ameresco, which belongs to the Zacks Alternative Energy - Other industry, posted revenues of $515.46 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 14.90%. This compares to year-ago revenues of $472.28 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ameresco shares have lost about 28.1% since the beginning of the year versus the S&P 500's gain of 9.4%.
What's Next for Ameresco?While Ameresco has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ameresco was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.52 on $575.52 million in revenues for the coming quarter and $1.13 on $2.08 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Alternative Energy - Other is currently in the bottom 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Ormat Technologies (ORA - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.
This geothermal company is expected to post quarterly earnings of $0.29 per share in its upcoming report, which represents a year-over-year change of -39.6%. The consensus EPS estimate for the quarter has been revised 13.5% higher over the last 30 days to the current level.
Ormat Technologies' revenues are expected to be $235.87 million, up 0.8% from the year-ago quarter.
Inspire Medical Systems vykázala zisk 0,14 USD na akcii, zatímco trh čekal ztrátu 0,22 USD. Tržby dosáhly 200,58 milionu USD za čtvrtletí končící v červnu 2026 a překonaly odhad o 2,95 %.
Inspire Medical Systems (INSP - Free Report) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of a loss of $0.22 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +163.64%. A quarter ago, it was expected that this maker of devices for treating obstructive sleep apnea would post a loss of $0.36 per share when it actually produced earnings of $0.1, delivering a surprise of +127.78%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Inspire, which belongs to the Zacks Medical Info Systems industry, posted revenues of $200.58 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.95%. This compares to year-ago revenues of $217.09 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Inspire shares have lost about 45.6% since the beginning of the year versus the S&P 500's gain of 9.4%.
What's Next for Inspire?While Inspire has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Inspire was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.21 on $203.81 million in revenues for the coming quarter and $0.93 on $844.21 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Medical Info Systems is currently in the top 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Privia Health (PRVA - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This physician practice management company is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of +300%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Privia Health's revenues are expected to be $581.67 million, up 11.6% from the year-ago quarter.
