Block varuje uživatele Coldcard, aby okamžitě přesunuli Bitcoin z některých hardwarových peněženek po odhalení dvou kritických chyb. Podle firmy mohlo být zasaženo až 1 082,59 BTC.
Block has urged Bitcoin holders using Coldcard hardware wallets to immediately transfer their funds following the public disclosure of two major vulnerabilities impacting several Coldcard models. The call to action came after security teams at Block, a US-based technology and financial services company led by Jack Dorsey, received reports of Bitcoin thefts from wallets not affiliated with its own Bitkey product.
Critical vulnerabilities in Coldcard devicesBlock’s investigation identified severe security flaws in Coldcard Mk2, Mk3, Mk4, Q, and Mk5 models, hardware wallets produced by Coinkite. While Bitkey and other Block products remain unaffected, the vulnerabilities expose users of affected devices to significant risk, particularly those leveraging single-signature wallets.
Engineers explained that an initial attack wave exploited these flaws over a period of approximately one hour. Despite this brief window, researchers cautioned that the campaign may still be ongoing, with additional affected users potentially emerging.
The flaws reportedly impact both wallets protected with weak 25th-word passphrases and select multisignature configurations.
Block noted that single-signature wallets were the primary initial targets, but devices using weak passphrases or certain multisig arrangements could also be vulnerable to exploitation.
Technical details of wallet vulnerabilitiesThe first vulnerability is present in the Mk2 and Mk3 firmware. A coding mistake led to wallet creation processes that depended on predictable rather than sufficiently random hardware-generated values, undermining the security assumptions for generating private keys on these models.
Later models—Mk4, Q, and Mk5—were designed to strengthen entropy input during the device boot sequence using secure-element sources. However, the implementation reduced additional randomness to just 32 bits, leaving those wallets vulnerable as well.
Security experts warned that importing a seed created with affected firmware into another wallet does not eliminate the core risk, since the compromised seed remains inherently unsafe.
Mini dictionary: Entropy, in cryptography, refers to the measure of randomness collected by a system, which is critical for generating secure cryptographic keys. Insufficient entropy can make keys predictable and easier for attackers to compromise.
Response from Block and CoinkiteBlock stated that it shared the findings privately with Coinkite prior to the public announcement, aiming to give the manufacturer time to assess and manage the impact on Coldcard users.
Max Guise, a security engineer at Block, recommended rapid action from affected users. Writing on X, Guise urged anyone with potentially exposed wallets to move their funds as soon as it was safe to do so.
Max Guise emphasized the urgency, advising users to migrate their Bitcoin off vulnerable devices at the earliest safe opportunity.
Clay Garrett, another security engineer, highlighted that further investigation revealed 695 previous transactions displaying the same on-chain signature as the initial exploit, representing an additional loss of 488.11 BTC.
Block’s preliminary review suggests up to 1,082.59 BTC may have been stolen in total using these vulnerabilities.
Affected Device ModelsFlaw TypeEstimated Impact (BTC)Coldcard Mk2, Mk3Predictable wallet generationInitial exploitColdcard Mk4, Q, Mk5Weak entropy on boot (32 bits)Additional 488.11 BTCAll affected devicesCombined campaigns1,082.59 BTCDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Klienti BlackRock nakoupili bitcoin za 183,41 milionu USD prostřednictvím iShares Bitcoin Trust (IBIT). Tím pokračuje série velkých přílivů do spotových bitcoinových ETF.
BlackRock clients just scooped up $183.41 million worth of Bitcoin, adding another data point to what’s become the most predictable pattern in crypto this year: institutional money flowing into BTC through regulated vehicles like it’s a subscription service.
The purchase, made through BlackRock’s iShares Bitcoin Trust (IBIT), is the latest in a string of nine-figure inflow days that have defined the firm’s Bitcoin strategy in 2026.
A pattern that’s hard to ignore On July 6, BlackRock clients invested $209 million into IBIT, which contributed to roughly $266 million in total US spot Bitcoin ETF inflows that day. BlackRock alone accounted for nearly 80% of all the institutional Bitcoin buying happening through ETFs on that single trading session.
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On July 15, clients purchased $139 million worth of Bitcoin via IBIT, and an additional $80.82 million inflow was recorded, representing 75% of that day’s total ETF flows.
Then around July 22, another $163 million purchase hit the books. Add in the latest $183M buy, and you’re looking at well over $700 million in IBIT inflows across just a handful of days in July alone.
On January 5, 2026, BlackRock clients acquired 3,948 BTC for $372 million. That single-day purchase earlier this year remains one of the largest on record for any spot Bitcoin ETF.
BlackRock’s Bitcoin empire by the numbers By mid-July, BlackRock had surpassed 734,000 BTC under its custodianship.
IBIT maintains an estimated 50-60% market share of all spot Bitcoin ETF assets in 2026. Every other spot Bitcoin ETF, from Fidelity’s FBTC to ARK’s ARKB, is competing for the remainder.
What this means for the market The risk worth noting is concentration. When one entity controls more than half of all ETF-based Bitcoin exposure, any change in BlackRock’s strategy, fee structure, or regulatory status could send shockwaves through the market.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bhutan’s Gelephu Mindfulness City appointed Canadian digital-asset manager 3iQ on July 30 to manage a dedicated mandate backed by an undisclosed portion of its Bitcoin treasury.
Summary
3iQ will manage an undisclosed portion of Gelephu Mindfulness City’s Bitcoin treasury under the mandate. 10,000 BTC were pledged in December 2025 to support Gelephu’s long-term development and economic plans. 3iQ plans a long-term local presence, talent investment and knowledge transfer alongside treasury management operations. The agreement advances a national pledge to allocate up to 10,000 BTC to the special administrative region’s long-term development.
The parties said 3iQ will also establish a long-term presence in Gelephu, invest in Bhutanese talent and transfer investment-management knowledge. They did not disclose how much Bitcoin entered the mandate or when active management would begin.
3iQ mandate leaves key commercial terms undisclosed The company release provides no mandate value, management fee, custody provider or investment benchmark. It also does not say whether 3iQ may lend Bitcoin, use derivatives, post collateral or pursue yield strategies. Those omissions prevent an independent assessment of the mandate’s risk limits or expected returns.
3iQ chief executive Pascal St-Jean said the firm would put Bhutan’s capital to work “responsibly, transparently and for the long term.” That statement describes the company’s intended approach, not a verified performance outcome. GMC board director Jigdrel Singay called 3iQ a founding institutional partner for the city’s planned fund ecosystem.
The agreement connects GMC with Coincheck Group, whose shares trade on Nasdaq. Coincheck disclosed that it completed the acquisition of a 99.8% beneficial interest in 3iQ on February 28. St-Jean became Coincheck Group’s chief executive on April 1 while retaining his role at 3iQ.
Bhutan’s Bitcoin pledge enters its deployment phase Bhutan announced in December 2025 that up to 10,000 BTC from national holdings would support Gelephu’s development. GMC says the reserve was built by converting surplus hydroelectric power into Bitcoin and is intended to create jobs, develop technical skills and strengthen long-term financial resilience.
The official pledge says the Bitcoin is being put to work for national development rather than held for short-term speculation. The 3iQ appointment is the clearest disclosed step so far toward outside professional management, although the amount assigned to the firm remains unknown.
However, Bhutan has also explored collateralization, treasury management and risk-managed yield as possible tools for the broader pledge. GMC rejected claims that earlier transfers from Bhutan-linked wallets represented sales from Bitcoin committed to the city’s strategic reserves.
Gelephu’s rules require clarity on 3iQ’s local role Gelephu’s Financial Services Office regulates traditional finance and virtual-asset activity inside the special administrative region. Its rules require firms carrying out regulated services, including asset management, to obtain a financial services licence before beginning local operations.
The regulator’s public directory did not list an entity named 3iQ on July 31. That absence does not prove that the mandate requires a separate GMC licence or that no application is pending. The partnership announcement did not identify a licensed local entity or explain the regulatory structure under which 3iQ will operate.
The directory currently includes seven approved firms, with 8020 Finance authorized to manage assets from July 23. GMC has also introduced an accelerated pathway for firms already supervised in recognized foreign financial centers, but local regulators retain responsibility for final approval.
Further milestones will define the treasury strategy 3iQ and GMC said this agreement is the first of several milestones they plan to announce over the coming months. Expected steps include building a local team, establishing operations and developing an institutional fund ecosystem, but the parties provided no formal timetable.
Future disclosures will need to show the Bitcoin amount under management, custody controls, permitted trading strategies and reporting standards. Any use of leverage, lending or collateral would also require clear risk limits because losses or counterparty failures could affect assets committed to national development.
Until those details are released, the agreement confirms a manager and a strategic direction rather than a fully disclosed investment program. Its progress will be measured by regulatory approvals, operational launches and transparent reporting on how Bhutan’s Bitcoin supports Gelephu’s development.
Spoluzakladatel Zcash Zooko Wilcox uvedl, že aktuální zásoba ZEC činí přesně 16 848 458 a je plně ověřitelná na lokálním počítači. Tím odmítl obavy z neodhalené inflace.
Zcash co-founder Zooko Wilcox has pushed back against concerns over undisclosed $ZEC inflation, stating that the current supply stands at exactly 16,848,458 ZEC and is fully verifiable by anyone who wants to check it. He added that independent confirmation does not require months or years of waiting and can be done on a local computer.
The Background: Orchard Vulnerability Shook ConfidenceThe remarks come after a turbulent stretch for Zcash. The vulnerability was discovered on May 29, 2026, by security researcher Taylor Hornby, contracted by Shielded Labs, using an AI-assisted auditing framework with Anthropic's Opus 4.8 model. The issue resided in the elliptic-curve components of the Halo 2 proving system used for Orchard transactions and could theoretically have permitted the undetectable creation of counterfeit notes inside the private pool. Because Orchard transactions conceal amounts and participants, cryptographic methods alone could not definitively confirm whether the flaw had been exploited prior to remediation.
According to the Zcash Foundation, there is no evidence of exploitation or unauthorized value creation. ZEC experienced an intraday drop of roughly 37%, then recovered much of the loss, per market reports.
Ironwood: Building Toward Verifiable SupplyThe core concern was not whether the vulnerability had been fixed, but that the network could not prove the flaw was never exploited in the four years it existed, casting doubt on supply credibility.
Zcash has activated its Ironwood (NU6.3) upgrade, sealing the Orchard shielded pool that held about 3.66 million ZEC and opening a new private pool that starts with zero coins. Ironwood's main supply safeguard is a turnstile between Orchard and the new pool. After activation, Orchard stopped accepting new outputs and internal transactions. Funds can move out, but the accounting rule prevents more ZEC from leaving Orchard than the amount that legitimately entered it.
A machine-checked mathematical proof consisting of more than 2,700 theorems confirms Ironwood cannot create undetectable counterfeit ZEC under its design assumptions. Project Tachyon is running formal verification on the new Ironwood circuits to produce machine-checked proofs in addition to manual review. If completed at scale, it would be the first formal proof of this kind for a deployed shielded pool.
Wilcox's latest comments reinforce the same message: the current $ZEC supply is knowable, auditable, and does not require extraordinary effort or time to confirm.
Sources:
CoinDesk: Zcash Ironwood Goes Live
Cryptonomist: Zcash Ironwood Upgrade Secures Network with Verified Shielded Pool
Crowdfund Insider: Zcash Launches Ironwood Upgrade Following Orchard Security Vulnerability
CNX Resources zvýšila očekávání ohledně monetizace kreditů 45Z na zhruba 40 milionů USD ročně po upřesnění pravidel ministerstva financí. Od roku 2027 cílí na asi 90 milionů USD ročně.
$7 Billion in Clean Hydrogen Grants: Winners and LosersCNX Resources NYSE: CNX outlined its outlook for federal clean-fuel tax credits, capital allocation, drilling activity and production timing during its second-quarter 2026 question-and-answer conference call.
Management said updated Treasury guidance and confirmation regarding qualifying methane streams have increased the company’s expectations for monetizing credits under Section 45Z. The company also reiterated that its capital-allocation approach remains centered on long-term per-share value, including potential share repurchases when management sees a substantial margin of safety.
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45Z Credit Expectations Rise Chief Financial Officer Everett Good said CNX received confirmation that methane captured during the first four months of 2025 qualified for the 45Z credit. That confirmation supported an increase in the company’s expected cash flows for 2026.
Good said Treasury also refined carbon-intensity calculations in its GREET model, raising CNX’s projected annual 45Z monetization value to about $40 million. He said CNX expects to combine future 45Z credit sales with environmental attributes to target a run rate of approximately $90 million annually beginning in 2027.
President and Chief Executive Officer Alan Shepard said Treasury guidance is expected during the second half of 2026.
CNX said it monetized $30 million of credits, with the cash-flow impact expected to appear in the third quarter. Shepard said the accounting treatment will be reflected through the income-tax expense line rather than EBITDA.
On potential expansion of its methane-remediation activities, Shepard said the company is monitoring whether lower carbon-intensity scores and higher credit values could support additional investment. CNX has rights and opportunities to expand the system, he said, but no definitive expansion plans are in place.
“Nothing near term, no. Nothing for the rest of this year,” Shepard said in response to a question about additional remediation projects beyond the Buchanan Mine.
Good also addressed the Pennsylvania alternative energy credit, or AEC, market. He said CNX is using observed ICE market pricing in its assumptions and is currently modeling the market as stable to flat, while recognizing that the market can be volatile.
Capital Spending and Share Repurchases CNX said its projected capital spending remains positioned around the midpoint of its full-year 2026 guidance range. While third-quarter spending is expected to rise from second-quarter levels and then level out in the fourth quarter, Shepard said that timing reflects field activity rather than cost inflation.
“Not seeing really anything on the inflation side to note,” Shepard said.
Management declined to provide quarterly capital-spending guidance, emphasizing that investors should evaluate the company against its full-year guidance range.
Shepard said CNX has not changed the capital-allocation process it has followed for roughly six and a half years. He said the company’s priority is creating long-term value per share and that CNX has flexibility to act when it identifies attractive opportunities in its equity.
Asked about the company’s willingness to use debt, including its revolving credit facility, to support additional repurchases, Shepard said the near-term natural-gas outlook appears softer heading into 2027, while the longer-term outlook for Appalachian gas remains strong.
Under that view, he said, an upstream operator could be more interested in repurchasing shares, subject to appropriate constraints and risk management. He added that CNX would continue evaluating capital deployment through its established process.
Drilling Activity and Production Timing Management said second-quarter drilling activity and spending were in line with its plans, despite questions from analysts about whether spending was lower than expected. CNX drilled two Utica wells during the quarter, and Shepard said the pace reflected the company’s planned activity schedule.
For the second half of the year, CNX expects a large Marcellus pad currently in progress to enter production during the third quarter. Shepard said the pad represents approximately 12 to 13 annualized wells.
The company’s current Utica pad is expected to come online later in the fourth quarter. Shepard said that schedule should result in a couple of larger wells coming online in the third quarter, followed by additional production growth in the fourth quarter.
He said CNX does not over-engineer its production schedule around seasonal gas-price expectations, though the company’s planned completion timing naturally positions some production later in the year.
Utica Performance and Well Costs CNX said it continues to see operational improvement in its Utica drilling program. Shepard said the company has achieved recent 24-hour drilling records and continues to improve drilling performance as it returns to pads and advances through additional wells.
The company continues to use an estimated well-cost level of approximately $1,700 per foot for the Utica, according to Shepard. He said the most significant potential for future improvement remains in drilling, while completions and other well-construction costs have been relatively steady.
CNX plans to provide a further update when it has a more complete data set, he said.
Shepard also said the company’s Utica wells in central Pennsylvania are performing in line with CNX’s prior guidance. Based on state data and other available information, he said management is pleased with the results and considers the asset “top tier in the basin.”
Regarding longer lateral lengths in southwestern Pennsylvania during the second quarter, Shepard said the lengths are primarily determined by acreage configuration. CNX seeks to maximize lateral length where possible because longer laterals generally improve well economics.
About CNX Resources (NYSE:CNX)CNX Resources Corporation is a natural gas and natural gas liquids producer with operations concentrated in the Appalachian Basin. Established as an independent, publicly traded entity in 2018 following its spinoff from Consol Energy, the company focuses on the exploration, development and production of hydrocarbon resources in the Marcellus and Utica shales across Pennsylvania, West Virginia and Ohio.
In addition to its upstream activities, CNX Resources has invested in midstream infrastructure through its subsidiary that gathers, processes and transports natural gas.
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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Colgate-Palmolive Company (NYSE:CL) will release its second quarter earnings report before the opening bell on Friday, July 31.
Analysts expect the New York-based company to report quarterly earnings of 95 cents per share, up from 92 cents per share in the year-ago period. The consensus estimate for Colgate-Palmolive’s quarterly revenue is $5.36 billion. It reported $5.11 billion last year, according to Benzinga Pro.
On June 11, Colgate-Palmolive declared a quarterly cash dividend of 53 cents per common share.
Shares of Colgate-Palmolive fell 2% to close at $91.60 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying CL stock? Here’s what analysts think:
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Fifth distribution kicks off July 31FTX is set to begin its fifth creditor distribution on July 31, sending approximately $900 million to eligible claim holders. The payout covers holders of allowed claims in the Convenience and Non-Convenience Classes who completed pre-distribution requirements by the June 16, 2026 record date. Eligible creditors should expect to receive funds from their selected distribution service provider, either @BitGo, @krakenfx, or @Payoneer, within one to three business days from July 31.
The payout lifts cumulative recoveries to 105% for Dotcom and U.S. customer entitlement claims and 103% for general unsecured and digital asset loan claims. Convenience class claims reach 120% cumulative recovery. Passing 100% is rare in bankruptcy. Most collapsed exchanges pay back only a fraction. Here, FTX repaid the full claim and then added interest on top.
Six-month deadline and excluded creditorsThe distribution also starts a countdown for those who have not yet completed onboarding. Allowed claim holders who fail to finish the process within six months of July 31 may forfeit their distribution rights entirely. Meanwhile, creditors in 45 jurisdictions still have no approved provider available to onboard with, leaving a portion of the global creditor base in limbo.
Claimants must complete pre-distribution requirements including KYC verification and tax forms before they can receive funds. Some creditors have criticized the pace of the process, pointing to KYC hurdles and delays for international claimants.
Cumulative distributions to creditors have now surpassed $10 billion since payouts began in early 2025. Prior rounds delivered roughly $1.2 billion in February 2025, $5 billion in May 2025, $1.6 billion in September 2025, and $2.2 billion in March 2026. Also on July 31, $18 million is to be paid to eligible preferred equity holders, bringing total payments from the Preferred Shareholder Remission Fund Trust to $95 million.
FTX Official Press Release via PR Newswire: Fifth Distribution Announcement | Bitcoin.com News: FTX Fifth Distribution Details | CryptoNews: FTX to Pay $900M to Creditors on July 31 in Fifth Round
Anheuser-Busch InBev SA/NV (BUD) Q2 2026 Earnings Call July 30, 2026 9:00 AM EDT
Company Participants
Michel Doukeris - Chief Executive Officer
Fernando Tennenbaum - Chief Financial Officer
Conference Call Participants
Edward Mundy - Jefferies LLC, Research Division
Mitchell Collett - Deutsche Bank AG, Research Division
Robert Ottenstein - Evercore ISI Institutional Equities, Research Division
Jean-Olivier Nicolai - Goldman Sachs Group, Inc., Research Division
Christopher Carey - Wells Fargo Securities, LLC, Research Division
Sanjeet Aujla - UBS Investment Bank, Research Division
Chris Pitcher - Rothschild & Co Redburn, Research Division
Laurence Whyatt - Barclays Bank PLC, Research Division
Robert Vos
Trevor Stirling - Bernstein Institutional Services LLC, Research Division
Presentation
Operator
Welcome to AB InBev's Second Quarter 2026 Earnings Conference Call and Webcast. Hosting the call today from AB InBev are Mr. Michel Doukeris, Chief Executive Officer; and Mr. Fernando Tennenbaum, Chief Financial Officer. To access the slides accompanying today's call, please visit AB InBev's website at www.ab-inbev.com and click on the Investors tab and the Reports and Results Center page. Today's webcast will be available for on-demand playback later today. [Operator Instructions]
Some of the information provided during the conference call may contain statements of future expectations and other forward-looking statements. These expectations are based on management's current views and assumptions and involve known and unknown risks and uncertainties. It is possible that AB InBev's actual results and financial condition may differ possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements.
For a discussion of some of the risks and important factors that could affect AB InBev's future results, see risk factors in the company's latest annual report on Form 20-F filed with the Securities and Exchange Commission on March 3, 2026. AB InBev assumes no obligation to update or revise any forward-looking information provided during the conference call and shall not be liable for
Hyperliquid Perps za posledních 24 hodin vygeneroval asi 2,6 milionu USD na poplatcích za protokol a překonal Uniswap V3 s 2,5 milionu USD. HYPE zároveň za den klesl o 2,01 % na zhruba 53,77 USD.
Hyperliquid, a decentralized trading platform, has seen its native token HYPE undergo a notable market correction as traders monitor a significant support level for potential accumulation. The platform has recently surpassed Uniswap V3 in daily protocol fees, indicating a rise in adoption and reinforcing its growing influence in the decentralized finance sector.
HYPE price correction draws trader interestAt present, HYPE trades near $53.77, with a 24-hour trading volume of $370.43 million and a total market capitalization of $13.58 billion. The token dropped by 2.01% in the past day, continuing a decline from its recent high around $77. Nevertheless, both its structural price trend and increasing network activity have led some analysts to suggest a bullish reversal may be forming.
Analyst Crypto Patel noted that HYPE entered a sharp correction after climbing above $70, a range he had previously identified as risky for new buyers. With the latest decline, market participants are now watching the $53 price level and considering whether it could provide a foundation for longer-term growth.
Technical analysis currently highlights the 0.5-0.618 Fibonacci zone, with support between $40 and $34, as a likely area for accumulation. If HYPE maintains its price above this zone, the upward trend could continue, with the potential to revisit its all-time high and possibly move toward the $100 to $150 range.
Technical analysts point to the $40–$34 range as a strategic support zone, suggesting that sustained buying pressure here could pave the way for HYPE to challenge previous highs and explore new price territories.
Protocol fees surge as adoption growsHyperliquid has expanded its presence within decentralized finance, supported by data from MSB Intel. Over the past 24 hours, Hyperliquid Perps generated approximately $2.6 million in protocol fees, outpacing Uniswap V3, which recorded $2.5 million in the same period.
This milestone highlights the shifting landscape in decentralized trading, with an increasing number of users opting for platforms that offer high liquidity and active trading features. The achievement is regarded by some industry observers as an indication of Hyperliquid’s strengthening market position compared to longstanding competitors.
Mini dictionary: Hyperliquid, founded as a decentralized derivatives exchange, specializes in perpetual futures contracts, enabling users to trade with leverage and high liquidity across various crypto assets while maintaining full custody of their funds.
Platform24h Protocol FeesHyperliquid Perps$2.6 millionUniswap V3$2.5 millionOutlook for HYPE price and network momentumAlthough HYPE’s price trajectory remains downward, the broader cryptocurrency market is showing signs of improvement. A recovery in HYPE may depend on its ability to maintain current support levels, combined with continued protocol income and heightened user adoption.
If positive market trends persist, HYPE could aim to regain its previous peak and possibly advance further. The pattern of rising protocol fees and growing interest from traders suggests the platform is well positioned to expand its footprint in the sector.
Momentum in protocol revenue and increased user activity are seen as key contributors to future price appreciation, should market conditions remain stable.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Camping World snížil celoroční výhled upraveného EBITDA na 230 až 270 milionů USD kvůli slabšímu trhu s novými RV. Tržby ve 2. čtvrtletí klesly o 2,1 % na 1,9 miliardy USD.
Lower Rates Put RV Stocks Back in the Fast LaneCamping World NYSE: CWH said second-quarter results were pressured by a weaker-than-expected new RV retail market during the peak selling season, prompting the company to reduce its full-year adjusted EBITDA outlook while emphasizing market-share gains, inventory reductions and planned cost savings.
Chief Executive Officer and President Matthew Wagner said the company operated in what it described as the weakest new RV retail environment in more than 15 years. Camping World chose to clear aged and prior-model-year inventory rather than carry those units into the second half, a decision that weighed on vehicle gross profit in the quarter.
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3 Stocks Gaining Traction in Their Turnaround Stories“This was not the quarter we expected back in April,” Wagner said. “The new RV sales market weakened during the peak selling season, and we made the decision to move through aged and prior model year inventory rather than carry those assets into the back half of the year.”
Revenue Declines as Vehicle Margins Compress Chief Financial Officer Tom Kirn said total second-quarter revenue was $1.9 billion, down 2.1% from a year earlier. New vehicle revenue declined 5% to $869 million, as new unit sales fell 16.4%. Used vehicle revenue increased 1.4% to $580 million, supported by a 5% rise in used vehicle unit sales.
Camping World: when dividend cuts are a good thingThe inventory-clearing actions and competitive promotional environment reduced vehicle margins. New vehicle gross margin was 10.9%, compared with 13.8% in the prior-year period, while used vehicle gross margin was 16.5%, compared with 20.5% a year earlier.
Management said it expects vehicle margins to improve sequentially in the second half, citing early margin progression in July and a cleaner inventory position. Wagner said the company expects full-year new vehicle margins of roughly 11.5% to 12% and used vehicle margins of 17.5% to slightly above 18%.
New vehicle average selling price rose 13% during the quarter, driven largely by product mix and targeted gains in the fifth-wheel and motorized segments. Wagner said the travel-trailer category remained under pressure, while the company gained share in Class C and fifth-wheel products. Used vehicle average selling price was about $29,000 in the second quarter, and management said it could recover toward roughly $30,000 for the full year as sales of higher-priced products typically increase in the fall and winter.
Lower Industry Forecast Drives Revised Outlook Camping World reduced its outlook for the 2026 new RV retail market to 290,000 to 310,000 units, from a prior estimate of 325,000 to 350,000 units. Wagner cited geopolitical tensions in the Middle East, gas prices, affordability concerns, consumer confidence and higher interest rates as constraints on new-RV demand.
The company now expects 2026 adjusted EBITDA of $230 million to $270 million. Management said the lower end of the range assumes approximately 290,000 industry new-RV sales and 715,000 used-RV sales, while the upper end reflects 310,000 new units and 750,000 used units.
Wagner said preliminary SSI data showed new vehicle retail registrations declined 16% through May, and the company expected weak trends to continue into June and July. He said July demand appeared somewhat weaker than June, which management associated with renewed geopolitical tensions overseas.
Despite the softer market, Wagner said Camping World exceeded a 29% share of all new RVs sold in the United States through May. The company expects to hold about 22.5% to 23% total North American new-RV market share for the full year and approximately 8.8% to 9% share in used RVs.
Inventory Cleanup and Cost Program Camping World reported substantial reductions in inventory and floorplan borrowings. Total RV and outdoor retail inventory dollars were down nearly 10% year over year, while floorplan notes declined about $280 million from year-end.
New RV unit inventory was down roughly 17% year over year, while new inventory dollars declined about 5%. Prior-model-year new RV exposure was nearing 1%, down from more than 6% a year earlier. New vehicles aged more than 365 days were reduced by more than 60% from the prior year. Used inventory units were down 18% from the end of 2025. In July, the average age of used inventory was down more than 30% from the end of the first quarter, while used inventory aged more than 180 days was down nearly 50%. The company reduced total selling, general and administrative expense by $26.6 million, or 6.1%, from a year earlier. Management has identified approximately $100 million in incremental annualized structural savings through 20 initiatives, including retiring legacy software, developing in-house systems, renegotiating agreements and simplifying back-office processes.
Kirn said about $50 million of the annualized savings are expected to be implemented by the end of 2026, with the remainder expected by early 2028. The revised 2026 outlook includes roughly $15 million of benefit, mostly in the fourth quarter, and about $35 million is expected to carry into 2027.
Good Sam, Service and Balance Sheet Good Sam Services and Plans gross margin rose to 61.8% from 59.5% a year earlier. The company completed an enterprise-resource-planning overhaul for Good Sam during the quarter, which management said positions the unit to pursue business-to-business opportunities.
Camping World also introduced a tiered service labor-rate structure, charging $99 per hour for installations, $120 per hour for maintenance and $199 per hour for more complex work such as collision repairs. Wagner said service revenue increased following the change, while gross profit remained flat and the effective labor rate held near $165 per hour. He added that parts and accessories sales improved as more customers added products to service jobs.
At quarter-end, Camping World had $224 million of cash, $185 million of unencumbered real estate and $1.4 billion of total outstanding long-term debt. Kirn said the company aims to reduce leverage into the high-five-times range by year-end and retains a longer-term objective of reducing leverage below 3.5 times, and eventually below three times.
About Camping World (NYSE:CWH)Camping World Holdings, Inc NYSE: CWH is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.
Beyond RV sales and service, Camping World's offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.
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The Southern Company (SO) Q2 2026 Earnings Call July 30, 2026 1:00 PM EDT
Company Participants
Greg MacLeod - Director of Investor Relations
Christopher Womack - CEO, President & Chairman
David Poroch - Executive VP & CFO
Conference Call Participants
Nicholas Campanella - Barclays Bank PLC, Research Division
Shahriar Pourreza - Wells Fargo Securities, LLC, Research Division
Carly Davenport - Goldman Sachs Group, Inc., Research Division
Stephen D’Ambrisi - RBC Capital Markets, Research Division
Jeremy Tonet - JPMorgan Chase & Co, Research Division
Steven Fleishman - Wolfe Research, LLC
Andrew Weisel - Scotiabank Global Banking and Markets, Research Division
Julien Dumoulin-Smith - Jefferies LLC, Research Division
Richard Sunderland - Truist Securities, Inc., Research Division
Travis Miller - Morningstar Inc., Research Division
Presentation
Operator
Good afternoon. My name is Christine, and I will be your conference operator today. At this time, I would like to welcome everyone to The Southern Company Second Quarter 2026 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
I would now like to turn the call over to Mr. Greg MacLeod, Director of Investor Relations. Please go ahead, sir.
Greg MacLeod
Director of Investor Relations
Thank you, Christine. Good afternoon, and welcome to Southern Company's Second Quarter 2026 Earnings Call. Joining me today are Chris Womack, Chairman, President and Chief Executive Officer of Southern Company; and David Poroch, Chief Financial Officer.
Let me remind you that we will make forward-looking statements today in addition to providing historical information. Various important factors could cause actual results to differ materially from those indicated in the forward-looking statements, including those discussed in our Form 10-K, Form 10-Q and subsequent securities filings.
In addition, we will present non-GAAP financial information on this call. Reconciliations to the applicable GAAP measure are included in the financial information we released this morning as well as the slides for this conference call, which
FMC Corporation (FMC) Q2 2026 Earnings Call July 30, 2026 9:00 AM EDT
Company Participants
Curt Brooks - Director of Investor Relations
Pierre Brondeau - President, CEO & Non-Executive Chairman of the Board
Andrew Sandifer - Executive VP & CFO
Conference Call Participants
Patrick Fischer - Goldman Sachs Group, Inc., Research Division
Edlain Rodriguez - Mizuho Securities USA LLC, Research Division
Frank Mitsch - Fermium Research, LLC
Christopher Parkinson - Wolfe Research, LLC
Joel Jackson - BMO Capital Markets Equity Research
Patrick Cunningham - Citigroup Inc., Research Division
Arun Viswanathan - RBC Capital Markets, Research Division
Benjamin Theurer - Barclays Bank PLC, Research Division
Presentation
Operator
Ladies and gentlemen, thank you for joining us, and welcome to the Second Quarter 2026 Earnings Call for FMC Corporation. This event is being recorded. [Operator Instructions] I will now hand the conference over to Mr. Curt Brooks, Director of Investor Relations for FMC Corporation. Please go ahead.
Curt Brooks
Director of Investor Relations
Good morning, and welcome to FMC Corporation's 2026 Second Quarter Earnings Call. Today's prepared remarks will be provided by Pierre Brondeau, Chairman, Chief Executive Officer and President; and Andrew Sandifer, Executive Vice President and Chief Financial Officer.
After prepared comments, we will take questions. Our earnings release and today's slide presentation are available on the FMC Investor Relations website, and the prepared remarks from today's discussion will be made available after the call.
Let me remind you that today's presentation and discussion will include forward-looking statements that are subject to various risks and uncertainties concerning specific factors, including, but not limited to, those factors identified in our earnings release and in our filings with the Securities and Exchange Commission. Information presented represents our best judgment based on today's understanding. Actual results may vary based on these risks and uncertainties.
Today's discussion and the supporting materials will include
A Prada Payday: Is AMC Back in Style?Cinemark NYSE: CNK reported what President and CEO Sean Gamble described as a historic second quarter, with worldwide quarterly revenue exceeding $1 billion for the first time and adjusted EBITDA reaching a record $294 million.
The company said its adjusted EBITDA margin was 27.1%, its second-highest quarterly margin on record and 10 basis points below its all-time high. Cinemark also generated nearly $300 million of free cash flow, spent more than $60 million on capital expenditures and returned capital to shareholders through share repurchases and its dividend.
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Box Office Revival: 3 Movie Theater Stocks Making a Comeback Gamble said results reflected a favorable film slate, investments in consumer offerings, revenue initiatives and operating leverage. The company set quarterly records in admissions revenue, concession sales and per-capita spending, premium-amenity performance and loyalty transactions worldwide, according to Gamble.
Box Office Strength and Market Share During the question-and-answer session, Gamble said film performance helped ease some anticipated capacity constraints during the quarter. While releases were sometimes clustered, films including Backrooms and Obsession faced less competition earlier in the quarter than expected.
Big Screen Stock Soars on Blockbuster Q2 EarningsHe said future market-share performance will depend partly on how the content mix resonates with Cinemark audiences and whether major releases become more concentrated on the calendar. Gamble noted that the company may encounter more periods with several large films opening close together during the second half of the year.
Cinemark also cited the expansion of theatrical exclusivity windows as a positive industry development. Gamble said studios began honoring commitments to 45-day windows during the second quarter, though he said it was too early to determine the long-term consumer impact.
“We certainly expect that the 45-day window—we’re optimistic about the positive benefits that will yield,” Gamble said, adding that more time will be needed for the changes to become fully established with moviegoers.
The company is looking for continued momentum in the near term from Spider-Man: Brand New Day and The Odyssey, Gamble said.
Premium Formats and New Content Sources Cinemark said it continues to see room to expand premium formats and motion-seat offerings, although Gamble noted that enhanced amenities account for only about 15% of overall box office. During the first half of 2026, the company added seven XD auditoriums, 12 ScreenX locations, two IMAX locations, three 70 mm projectors and 112 D-BOX auditoriums.
Globally, Cinemark has about 350 premium large-format screens, including XD, IMAX and ScreenX, and roughly 660 auditoriums with D-BOX installed, Gamble said. He noted that D-BOX has fewer installation limitations because it can be deployed across a few rows in an auditorium.
Management also highlighted creator-led, anime, faith-based and foreign-language content as potential sources of incremental theatrical supply. Gamble said these releases can help fill gaps in the calendar and attract audiences that may not otherwise attend theaters.
He pointed to titles including Iron Lung, Obsession, Backrooms, Sam and Colby and Critical Role as examples of nontraditional content that has found success. Such projects can benefit from established connections between creators and their audiences, as well as word-of-mouth that can broaden their appeal, he said.
Younger Audiences, Direct Marketing and Consumer Spending Gamble said the company is seeing healthy growth in younger moviegoers, with attendance frequency among audiences under age 25 up about 20% year over year, based on his estimate. He said younger consumers are finding the theatrical experience differentiated and communal despite having grown up with personal devices.
Cinemark is seeking to reach these audiences through studio marketing partnerships, social and digital channels and influencer networks. Gamble said the company’s “It’s Show Time” brand campaign, launched late last year, was designed in part to connect with younger consumers.
The company has reached 40 million addressable customers globally, Gamble said. Management views those customer relationships as a way to communicate with new guests after their initial visit and encourage repeat attendance through personalized and customized offers.
Chief Financial Officer Melissa Thomas said Cinemark has not observed indications that macroeconomic pressures have materially affected moviegoing. She said consumer behavior continues to be driven more by the strength of the film slate than by economic cycles, including decisions involving premium-format upgrades, concessions and merchandise.
Merchandise sales reached a record $25 million in the quarter, Thomas said. She attributed the result to film demand, consumer interest and initiatives involving product assortments, targeted allocations and inventory optimization. Management believes merchandise remains an opportunity for longer-term concession per-capita growth.
Margins, International Operations and Capital Allocation Thomas said attendance and box office remain the largest drivers of operating leverage, while pricing, premium-format penetration, concessions and merchandise are additional areas where the company sees runway. About 40% of Cinemark’s cost structure is fixed, she said, providing leverage as attendance rises.
In Latin America, the company recorded all-time-high adjusted EBITDA and margin, according to management. Thomas said international performance is influenced by attendance, market share, ticket prices, concession spending, inflation, foreign-exchange movements and labor dynamics. Unlike the U.S. business, lease expenses in international markets are more variable, she said.
Management said the year-over-year difference in attendance growth between domestic and international markets during the second quarter was primarily a comparison effect, with recovery rates relative to 2019 remaining close between the two regions. Gamble added that the World Cup may have had some impact in the third quarter as knockout rounds progressed, particularly when Latin American teams advanced, but said the effect did not appear material.
On capital allocation, Thomas said Cinemark’s priorities remain maintaining a strong balance sheet, investing in accretive opportunities—including potential mergers and acquisitions—and returning excess capital to shareholders. Gamble said the company will remain disciplined in evaluating new builds and acquisitions, focusing on assets and projects that it believes can generate solid long-term returns.
About Cinemark (NYSE:CNK)Cinemark Holdings, Inc NYSE: CNK is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company's core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark's exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.
The company's product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.
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].
Should You Invest $1,000 in Cinemark Right Now?Before you consider Cinemark, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cinemark wasn't on the list.
While Cinemark currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
CVR Energy ve 2. čtvrtletí vykázala čistý zisk 46 milionů USD a upravená EBITDA činila 209 milionů USD. Rafinérský i hnojivový segment těžily z vysokého využití a silných marží.
This Energy Stock Has Quietly Soared 130% in a YearCVR Energy NYSE: CVI reported strong operating performance in the second quarter of 2026, supported by high refinery and ammonia plant utilization, elevated refining margins and favorable fertilizer-market conditions. The company said it generated consolidated net income of $46 million, while reporting a loss per share of $0.03, EBITDA of $161 million and adjusted EBITDA of $209 million.
Chief Executive Officer Dane Neumann said the company’s asset base benefited from tight energy and fertilizer markets linked to ongoing global conflicts. CVR Energy declared a second-quarter dividend of $0.10 per share and said current market conditions could create opportunities to reduce leverage and add shareholder value.
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Refining Results Improve on Higher Crack Spreads As Energy Surges on Crack Spreads, Consider Taking Gains on 2 Small Cap Oil StocksCVR Energy’s petroleum segment generated adjusted EBITDA of $106 million in the second quarter, up from $38 million a year earlier. The company attributed the improvement primarily to higher Group 3 crack spreads and increased throughput volumes, partly offset by higher Brent expenses, WTI backwardation and realized derivative losses.
Combined refinery throughput totaled approximately 213,000 barrels per day, representing crude utilization of about 98% of nameplate capacity. Light-product yield was 92% of total throughput.
The Group 3 2-1-1 crack spread averaged $44.91 per barrel during the quarter, compared with $24.02 per barrel in the second quarter of 2025. CVR Energy’s realized margin, adjusted for renewable fuel standard, inventory valuation and unrealized derivative impacts, was $12.43 per barrel, or a 28% capture rate on the Group 3 benchmark.
Renewable Identification Number, or RIN, costs remained a major drag on results. Net RIN expense, excluding the change in the company’s RFS liability, was $216 million, or $11.16 per barrel. Richard Roberts, interim chief financial officer and vice president of FP&A and investor relations, said the expense reduced the company’s capture rate by approximately 25%.
CVR Energy had an estimated accrued RFS obligation of $408 million as of June 30, representing 169 million RINs marked at an average price of $2.41. The Environmental Protection Agency had not ruled on Wynnewood Refining Company’s pending 2025 small-refinery-exemption petition, Roberts said. The company continues to recognize 100% of Wynnewood’s RIN obligation in its financial statements, which was approximately $77 million for the quarter.
Roberts said a 100% exemption for Wynnewood would have improved the company’s consolidated capture rate by roughly 9% during the quarter. CVR Energy said it is purchasing 50% of Wynnewood’s expected 2026 obligation while maintaining that the refinery qualifies for a full waiver under the Department of Energy scoring methodology.
Hedge Losses and Third-Quarter Exposure Second-quarter results included derivative losses of $75 million, comprising an $81 million realized loss and a $6 million unrealized gain. The realized loss stemmed from crack-spread swaps, with approximately 4.4 million barrels of positions settled during the quarter.
Roberts said the realized loss equated to about $4.16 per barrel and reduced capture by roughly 9%. The company had open crack-spread swap positions totaling approximately 8.2 million barrels at quarter-end.
For the remainder of 2026, CVR Energy had approximately 4.6 million barrels of diesel hedged and 400,000 barrels of gasoline hedged. Third-quarter crack-spread swap exposure totaled about 2.7 million barrels, with a notional value of approximately $102 million. For 2027, the company had roughly 3.2 million barrels of diesel hedged, distributed relatively evenly across the year. Neumann said CVR Energy historically sought board authorization to hedge around 30% of production for roughly a calendar year. Going forward, he said the company may seek lower authorization levels and take a more cautious approach to layering in hedges.
Fertilizer Segment Posts Higher EBITDA The fertilizer segment reported adjusted EBITDA of $107 million, compared with $67 million in the prior-year period. Ammonia utilization reached 99% as both plants operated with minimal downtime.
CVR Partners’ general partner declared a second-quarter distribution of $6.08 per common unit. Because CVR Energy owns approximately 37% of CVR Partners’ common units, it expects to receive a proportionate cash distribution of about $24 million.
Neumann said nitrogen demand was strong during the spring planting season, while summer fill and fall prepay activity produced a “solid book of business” for the second half of 2026 at what he called attractive pricing. Prompt third-quarter fertilizer prices were cited at $650 to $700 per ton for ammonia and $325 to $350 per ton for UAN.
The company expects to begin a planned turnaround at its East Dubuque facility in late August. During that work, CVR Energy intends to complete a brownfield expansion that it believes will increase ammonia production capacity by approximately 5%. It also expects to finalize a detailed design and construction plan this year for using natural gas as an alternative feedstock to third-party petroleum coke.
Cash Flow, Deleveraging and Outlook CVR Energy generated $307 million of operating cash flow and $264 million of free cash flow in the second quarter. Cash spending included $43 million of capital expenditures, $27 million for the non-controlling interest portion of CVR Partners’ first-quarter distribution, $20 million of cash interest and $10 million in dividends.
The company ended the quarter with $737 million in consolidated cash, including $137 million in the fertilizer segment. Liquidity excluding CVR Partners was approximately $1.1 billion, including about $600 million of cash and $540 million of availability under its asset-based lending facility.
Management reiterated its goal of reducing gross leverage to $1 billion, excluding CVR Partners debt. Neumann said debt reduction remains a priority, though the company could consider a sustainable increase in its dividend if it makes meaningful progress toward that target. He also said CVR Energy continues to seek accretive growth opportunities, including potential refining and logistics investments, but would look to funding sources other than cash on the balance sheet for meaningful acquisitions.
For the third quarter, CVR Energy expects petroleum-segment throughput of 205,000 to 220,000 barrels per day. Fertilizer ammonia utilization is projected at 75% to 80%, reflecting the East Dubuque turnaround. Neumann said the company remains optimistic that refining and fertilizer conditions could stay above mid-cycle levels well into 2027.
About CVR Energy (NYSE:CVI)CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.
In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.
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].
Should You Invest $1,000 in CVR Energy Right Now?Before you consider CVR Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CVR Energy wasn't on the list.
While CVR Energy currently has a Strong Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
SAIC získala od amerického námořnictva novou zakázku za 70 milionů USD na radarové inženýrské a technické služby pro NSWC Crane. Zakázka může trvat až pět let.
Advances warfighter-ready radar, radio frequency, and microwave systems to be delivered at mission scale across surface, air, and maritime domains July 30, 2026 08:30 ET | Source: SAIC, Inc.
RESTON, Va., July 30, 2026 (GLOBE NEWSWIRE) -- Science Applications International Corp. (NASDAQ: SAIC) has been awarded a new $70 million task order by the U.S. Navy to provide advanced technical skills, analysis, engineering studies, modeling, and simulation of radar systems to the Radar Technologies Division of the Naval Surface Warfare Center (NSWC) Crane Division.
Under this award, SAIC will deliver full lifecycle development and sustainment for mission-ready radar, radio frequency (RF), and microwave (MW) systems across surface, air, and maritime domains. This entails handling the design, engineering support, configuration management, and overall technical services to provide real-time object detection, tracking, and characterization for warfighters in domestic and international locations. Advanced radar capabilities allow for better update rates, longer range detection, improved electronic protection techniques, and fire control quality tracking, furthering the Navy’s operational advantage in complex environments.
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“This award underscores SAIC’s long-standing dedication to equipping the U.S. Navy with advanced radar and electronic warfare capabilities that enhance its operational superiority,” said Barbara Supplee, SAIC Executive Vice President of the Army Navy Business Group. “By leveraging our extensive technical expertise and a track record of successful execution, we deliver cutting-edge software techniques and engineering expertise which allows radar systems to excel in real-world conditions, ensuring reliable performance and scalability across a wide range of mission requirements."
SAIC will support a broad portfolio of radar and defense systems for NSWC Crane, including SPS-48E/49 search radars, SPQ-9B multi-function radar, SPS-67 surface search and navigation radar, MK-99 Fire Control System, SPY-1 and SPY-6 AEGIS systems, and G/ATOR. This tasking allows SAIC to enhance system performance, improve lifecycle sustainment, and drive development of next-generation capabilities. The effort includes close collaboration with Navy partners to ensure systems are designed, tested, and refined to meet real mission conditions – reducing risk and accelerating delivery to operational environments.
This award builds on SAIC’s proven experience supporting advanced radar, RF, and MW, and clutter defeat technologies, and reinforces the company’s role as a radar center of excellence – delivering vital solutions that strengthen the Navy’s operational capabilities. The work aligns with the Navy’s focus on accelerating capability delivery, scaling production, and integrating systems across the mission to meet evolving demands. The cost-plus-fixed-fee task order includes a one-year base period with four one-year option periods, for a total potential duration of five years.
About SAIC
SAIC® is a premier mission integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in mission IT, enterprise IT, engineering services, and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.
We are approximately 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.3 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.
Forward-Looking Statements
Forward-Looking Statements Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.
Darling Ingredients Inc. (DAR) Q2 2026 Earnings Call July 30, 2026 9:00 AM EDT
Company Participants
Suann Guthrie - Senior Vice President of Investor Relations & Global Affairs
Randall Stuewe - Chairman & CEO
Robert Day - Executive VP & CFO
Conference Call Participants
Heather Jones - Heather Jones Research LLC
Manav Gupta - UBS Investment Bank, Research Division
Derrick Whitfield - Texas Capital Securities, Research Division
Andrew Strelzik - BMO Capital Markets Equity Research
Ben Kallo - Robert W. Baird & Co. Incorporated, Research Division
Conor Fitzpatrick - BofA Securities, Research Division
Matthew Blair - Tudor, Pickering, Holt & Co. Securities, LLC, Research Division
Jason Gabelman - TD Cowen, Research Division
Carla Casella - JPMorgan Chase & Co, Research Division
Presentation
Operator
Hello, everyone. Thank you for joining us, and welcome to the Darling Ingredients Inc. conference call to discuss the second quarter 2026 financial results. [Operator Instructions] I will now hand the conference over to Ms. Suann Guthrie, Senior Vice President of Investor Relations. Please go ahead.
Suann Guthrie
Senior Vice President of Investor Relations & Global Affairs
Thank you for joining the Darling Ingredients Second Quarter 2026 Earnings Call. Here with me today are Mr. Randall C. Stuewe, Chairman and Chief Executive Officer; and Mr. Bob Day, Chief Financial Officer. Our second quarter 2026 earnings news release and slide presentation are available on the Investor page of our corporate website, and it will be joined by a transcript of this call once it is available. You can also find reconciliations and disclosures with respect to non-GAAP financial measures in our earnings news release and slide presentation.
During this call, we'll be making forward-looking statements, which are predictions, projections or other statements about future events. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could materially differ because of factors discussed in
Reddit, Inc. (RDDT) Q2 2026 Earnings Call July 30, 2026 4:30 PM EDT
Company Participants
Jesse Rose - Head of Investor Relations
Steven Huffman - Co-Founder, CEO, President & Director
Jennifer Wong - Chief Operating Officer
Andrew Vollero - Chief Financial Officer
Conference Call Participants
Thomas Champion - Piper Sandler & Co., Research Division
Ronald Josey - Citigroup Inc., Research Division
Richard Greenfield - LightShed Partners, LLC
Mark Stephen Mahaney - Evercore ISI Institutional Equities, Research Division
Justin Post - BofA Securities, Research Division
John Colantuoni - Jefferies LLC, Research Division
Josh Beck - Raymond James & Associates, Inc., Research Division
Andrew Boone - Citizens JMP Securities, LLC, Research Division
Benjamin Black - Deutsche Bank AG, Research Division
Jason Helfstein - Oppenheimer & Co. Inc., Research Division
Presentation
Operator
Good afternoon. My name is Julianne, and I will be your conference operator today. At this time, I would like to welcome everyone to Reddit's Q2 2026 Earnings Call. [Operator Instructions] I would like to turn the call over to Jesse Rose, Head of Investor Relations. You may begin your conference.
Jesse Rose
Head of Investor Relations
Thanks, Julianne. Hi, everyone. Welcome to Reddit's Second Quarter 2026 Earnings Call. Joining me are Steve Huffman, Reddit's Co-Founder and CEO; Jen Wong, Reddit's COO; and Drew Vollero, Reddit's CFO. I'd like to remind you that our remarks today will include forward-looking statements, and actual results may vary. Information concerning risks and other factors that could cause these results to vary is included in our SEC filings. These forward-looking statements represent our outlook only as of the date of this call, and we undertake no obligation to update any forward-looking statements. During this call, we will discuss both GAAP and non-GAAP financials. Reconciliation of GAAP to non-GAAP financials can be found in our letter to shareholders. Our second quarter letter to shareholders and earnings press release are available on our Investor Relations website and Investor Relations Subreddit.
Apple Inc. (AAPL) Q3 2026 Earnings Call July 30, 2026 5:00 PM EDT
Company Participants
Suhasini Chandramouli - Director of Investor Relations
Timothy Cook - CEO & Director
Kevan Parekh - Senior VP & CFO
John Ternus - Senior Vice President of Hardware Engineering
Conference Call Participants
Amit Daryanani - Evercore ISI Institutional Equities, Research Division
Michael Ng - Goldman Sachs Group, Inc., Research Division
Benjamin Reitzes - Melius Research LLC
Erik Woodring - Morgan Stanley, Research Division
Aaron Rakers - Wells Fargo Securities, LLC, Research Division
Wamsi Mohan - BofA Securities, Research Division
Samik Chatterjee - JPMorgan Chase & Co, Research Division
Presentation
Suhasini Chandramouli
Director of Investor Relations
Good afternoon, and welcome to the Apple Q3 Fiscal Year 2026 Earnings Conference Call. My name is Suhasini Chandramouli, Director of Investor Relations. Today's call is being recorded.
Speaking first today is Apple's CEO, Tim Cook; followed by CFO, Kevan Parekh. Also joining us on today's call is incoming CEO, John Ternus. After the prepared remarks, we'll open the call to questions from analysts.
Please note that some of the information you'll hear during our discussion today will consist of forward-looking statements, including, without limitation, those regarding revenue, gross margin, operating expenses, other income and expense, taxes and future business outlook. These statements involve risks and uncertainties that may cause actual results or trends to differ materially from our forecast including risks related to the potential impact to the company's business and results of operations from macroeconomic conditions, tariffs and other measures and legal and regulatory proceedings.
For more information, please refer to the risk factors discussed in Apple's most recently filed reports on Form 10-Q and Form 10-K and the Form 8-K filed with the SEC today, along with the associated press release. Additional information will also be in our report on Form 10-Q for the quarter ended June 27, 2026, to
The Magnificent Seven are the most scrutinized stocks on the market, so calling any of them underrated feels strange. Yet Alphabet (GOOGL -0.91%) (GOOG -0.62%) fits the description. Even after posting 24% revenue growth and blistering cloud numbers, the market keeps treating it like a threatened ad company rather than the artificial intelligence powerhouse it has become. Here are three reasons it is the most underrated of the group.
Image source: Getty Images.
1. It is the cheapest Magnificent Seven stock, and shouldn't be Start with the disconnect. Alphabet trades at roughly 17 times forward earnings, the lowest valuation in the entire Magnificent Seven, despite growing faster than most of them. In its most recent quarter, revenue climbed 24% to nearly $120 billion, operating income rose 30%, and Google Cloud revenue exploded 82%. It has also been the only member of the group to beat the market this year.
A business firing on all cylinders usually commands a premium. Alphabet gets a discount instead, because investors have spent two years worrying that AI would gut its search business. That fear has kept a lid on the stock even as the results say otherwise.
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2. AI turned out to be a tailwind, not a killer The feared narrative was that chatbots would make Google Search obsolete. The opposite is happening. Alphabet's own Gemini models now handle 22 billion queries' worth of tokens per minute, its Gemini app has around 950 million monthly users, and nearly 90% of the Fortune 100 are using its enterprise AI tools. Rather than being disrupted, Alphabet has become one of AI's biggest winners.
Google Cloud is the clearest proof of the booming demand for AI infrastructure and software. And there is a hidden engine here too: Alphabet designs its own AI chips, called TPUs, and has started placing them directly in customers' data centers. That business is small today but is set to ramp significantly in 2027, giving Alphabet a second way to profit from the AI build-out beyond its own products.
3. The market gives it little credit for its hidden assets This is the part I find most compelling. Buried inside Alphabet are businesses the market barely values. It owns roughly 14% of the AI lab Anthropic, a stake worth well over $100 billion. It owns Waymo, the clear leader in self-driving robotaxis. It owns YouTube, which analysts routinely argue would be worth hundreds of billions as a stand-alone company. And it owns DeepMind, one of the premier AI research labs on Earth.
Add those pieces up, and Alphabet looks even cheaper than its headline multiple suggests. It is telling that Berkshire Hathaway (BRKA +0.24%) (BRKB +0.10%) recently built a stake worth tens of billions of dollars, a rare vote of confidence from the firm of the world's most famous value investor.
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The risk worth naming I would not pretend Alphabet is flawless. Alphabet's capital spending is exploding, with its 2026 budget raised to $200 billion and warnings that 2027 will climb even higher. That pressures near-term cash flow, which is exactly why the stock dipped after its latest report. Regulators are also circling its search and advertising empire, and the long-term threat of AI reshaping how people find information has not vanished entirely.
Here is the bottom line. Alphabet offers the growth of an AI winner, the valuation of a value stock, and a collection of hidden assets the market largely ignores. That combination is why I think it is the most underrated name in the Magnificent Seven. My honest read is that the fears holding it back are fading while the strengths keep compounding, and that gap tends to close in the patient investor's favor. Buy Alphabet for the whole package, keep an eye on the spending, and let the market catch up to what the numbers are already showing.
Amazon oznámil investici 1 mld. USD do AWS Forward Deployed Engineering, nového týmu AI inženýrů, kteří budou u zákazníků nasazovat agentní systémy AI během dnů místo měsíců.
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Amazon launches AWS Forward Deployed Engineering with a $1B investment, making it the hottest new job in tech. Marcin Golba/NurPhoto via Getty Images As AI reshapes the tech workforce, Amazon is making a billion-dollar bet that one engineering job is only becoming more valuable.
The company said on Thursday in its second-quarter earnings report that it will invest $1 billion to build AWS Forward Deployed Engineering, a new team of AI engineers who will work directly inside customer organizations to build and launch agentic AI systems in "days rather than months."
Early customers include the Allen Institute, Cox Automotive, the NBA, the NFL, Ricoh, and Southwest Airlines, Amazon said.
The announcement underscores the rapid rise of the forward-deployed engineer, or FDE, a once-niche role that has become one of the hottest jobs in enterprise AI.
"Forward-deployed engineers, or roles that do the equivalent motion, are about to become one of the most in-demand jobs in tech. And one of the most important functions for AI rollouts," Box CEO Aaron Levie wrote on LinkedIn in May.
The hiring boom backs that up. Business Insider previously reported that job postings for forward-deployed engineers have surged since January 2025, according to Indeed data. Companies including Anthropic, OpenAI, Palantir, Stripe, and Google Cloud have all expanded hiring for the role.
The position, popularized by Palantir, embeds engineers directly with customers to build software tailored to their needs. It sits somewhere between software engineering, consulting, and product deployment.
Kanav Bhatnagar, a senior forward-deployed engineer at Rippling, previously told Business Insider that instead of building products from afar, he works directly with clients and learns how their businesses operate before tailoring AI systems to fit their workflows.
"My primary job is listening to customers and understanding their problems," Bhatnagar said, adding that he spends roughly equal time coding and collaborating with product teams.
That hands-on approach has become increasingly important as companies race to deploy generative AI but struggle to move projects from pilot programs into production.
OpenAI created its own forward-deployed engineering team after realizing customers needed more than access to models. Speaking at the Fortune Brainstorm AI conference last year, international managing director Oliver Jay said the company hired engineers to work directly on customers' largest AI deployments because it was "a really specific way to advance the acceleration of advanced AI into scale production cases."
Job postings on Indeed, analyzed by Business Insider, show that forward-deployed engineering roles typically pay between about $170,000 and $200,000. OpenAI's own job listings, which Business Insider previously reviewed in November 2025, advertise US-based forward-deployed engineering positions paying up to $345,000 in base salary, excluding equity.
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Nvidia (NVDA +2.65%) has been around since 1993, but it came into the spotlight for its graphics processing units (GPUs), which are crucial for training and scaling artificial intelligence (AI). They provide much of the compute power that powers AI workloads.
At the beginning of the current AI boom, the goal for tech giants was simply acquiring as much compute power (i.e., GPUs) as possible. Now, the focus has shifted to memory chips, but as Nvidia's CEO, Jensen Huang, highlighted, those memory chips are now AI's biggest bottleneck.
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Why memory is important to AI and Nvidia AI training and application rely on trillions of data points, and it wouldn't be possible to store and quickly retrieve them without specialized memory chips. As AI is used for handling more complex tasks -- such as running autonomous agents or processing complicated context instead of providing recipes or travel recommendations -- the need for high bandwidth memory has become increasingly important.
Nvidia began its reign selling its GPUs and AI hardware, but now it's building systems with multiple working parts, including memory chips that are packed into its hardware. That means relying on memory chipmakers, such as Micron, SK Hynix, and Samsung, for a continuous, high-volume supply.
Unfortunately, making those specialized memory chips is far from simple, which is why only a handful of companies make the vast bulk of them.
Nvidia CEO Jensen Huang. Image source: Nvidia.
What does it mean for Nvidia? The downside to the shortage is that Nvidia is at the mercy of memory chip suppliers for its own supply chain. If the suppliers can't make memory chips fast enough, Nvidia will have to wait, potentially affecting its own business.
The positive is that Nvidia has the cash and purchasing scale to have priority on the memory chips being made. In its most recent quarter (ended April 26), it generated $48.6 billion in free cash flow and finished the quarter with $13.2 billion in cash and cash equivalents. It can easily pay a premium to buy them in bulk, shutting out smaller competitors and further cementing its stronghold on the industry.
Investors shouldn't hear Huang's message and become concerned; it's just the next chapter of the AI evolution. If anything, it should be encouraging that Nvidia can use its leadership position to be a long-term force, regardless of the current hiccup.
Nvidia's stock has been a disappointment this year, up only 0.60% year to date as of market close on July 29, but much of that has to do with overall sentiment surrounding big tech and the "Magnificent Seven" stocks as a whole, versus disappointing business performance from Nvidia.
Sony zvýšila celoroční výhled provozního zisku o 8 % na 1,72 bilionu jenů díky síle herního byznysu. Ve 2. čtvrtletí provozní zisk stoupl o 40 % na 476,5 miliardy jenů a překonal odhady.
A Sony logo appears in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
TOKYO, July 31 (Reuters) - Sony (6758.T), opens new tab on Friday hiked its full-year operating profit forecast by 8% to 1.72 trillion yen ($10.72 billion), citing the strength of its gaming business.
The Japanese conglomerate has received plaudits for its pivot to entertainment, but the market is concerned about the impact of AI and a memory chip price boom on its business.
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The PlayStation maker pointed to the impact of U.S. tariff refunds, a boost from exchange rates and cost control for the rosier outlook for its gaming unit.
In the April-June quarter, group operating profit rose 40% to 476.5 billion yen, beating analyst estimates, due to the strength of the gaming and image sensors businesses.
Sony has said it has secured memory chip supply for this financial year but expects continued high prices next year.
Sony is expected to be a major beneficiary of the launch of "Grand Theft Auto VI" on November 19 as Microsoft's (MSFT.O), opens new tab Xbox business retrenches.
Take-Two Interactive Software (TTWO.O), opens new tab could sell 30 million to 35 million "GTA VI" units by year-end, according to a forecast from Ampere Analysis analyst Piers Harding-Rolls.
Other games coming to PlayStation 5 include the major in-house title "God of War Laufey", which is due for release in February.
For the July-September quarter, analysts on average expect Sony to report an operating profit of 465 billion yen. The company's shares were down 8% year-to-date ahead of the earnings.
Camera lens maker Tamron (7740.T), opens new tab said on Thursday it had received an acquisition proposal from Sony and established a committee to review its options.
Sony is a leading manufacturer of cameras and image sensors, while Tamron is a supplier of lenses for cameras made by Sony and rivals Nikon (7731.T), opens new tab and Canon (7751.T), opens new tab.
The company raised the forecast for its image sensors business, citing higher sales and exchange rates.
($1 = 160.5000 yen)
Reporting by Sam Nussey; Editing by Muralikumar Anantharaman and Jamie Freed
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Investoři ztrácejí trpělivost s Teslou i AI, protože trh nově víc řeší návratnost vysokých investic než jejich růst. Dan Ives říká, že investorům s Teslou dochází trpělivost a že Tesla potřebuje zhodnotit „fyzickou AI“, zatímco Steve Eisman vidí rostoucí nervozitu.
Dan Ives z Yorkville Ives & Co. na CNBC řekl, že investorům s Teslou dochází trpělivost. Tesla přitom podle něj není automobilkou, klíčové jsou její projekty a plány mimo tuto oblast. Do nich ale musí hodně investovat, v tom smyslu se tedy podobá firmám jako Alphabet, které také intenzivně investují do nových technologií. K tématu vysokých výdajů na nové technologie a reakcí akciového trhu pak své řekl i Steve Eisman, který se už nějakou dobu přiklání ke skeptičtějšímu investičnímu pohledu.
V případě hyperscalerů je důležité, aby se dostavila odpovídající návratnost investic do umělé inteligence, v případě Tesly zase návratnost do „fyzické AI“. Tedy například do robotů, které společnost vyvíjí a chce vyrábět. Ives k tomu dodal, že Musk na tom pracuje a zopakoval, že „AI revoluce je stále ve své počáteční fázi“. A zmínil i to, že podle něj je pravděpodobné, že se SpaceX spojí s Teslou.
Na CNBC se také diskutovalo o tom, že investoři se nyní zaměřují spíše na firmy, jejichž byznys model je nenáročný na investiční výdaje. Posun v sentimentu se mimo jiné projevuje na růstu sazeb u některých půjček financujících novou AI infrastrukturu. CNBC k tomu přidala následující graf vývoje ceny pětiletého CDS společnosti Oracle. CDS je pojištěním proti neschopnosti společnosti splácet své závazky a podle CNBC jej nyní investoři využívají i jako nástroj pojištění proti větším tenzím na aktivech spojených s umělou inteligencí. Graf také ukazuje, jak cena tohoto derivátu roste s tím, jak se v očích investorů zvyšuje riziko neschopnosti splácet dluhy.
Tématu vysokých investic do nových technologií se na svém Youtube kanálu věnoval i Steve Eisman. Poslední týden podle něj ukázal, že „debata se tu posunula“. Před rokem „se všichni radovali, když společnosti zvyšovaly své investiční výdaje do umělé inteligence.“ Nyní se klade důraz na to, jestli se tyto investice vyplatí. Podnikatelské modely se posunuly k velké kapitálové intenzitě a je otázkou, kdo a zda někdo bude mít vůbec nějakou udržitelnou konkurenční výhodu. K tomu se objevují modely z Číny, které stojí mnohem méně a roste pravděpodobnost cenových válek.
Podle Eismana se na akciovém trhu zvyšuje nervozita, a to se jasně projevilo, když své výsledky za poslední čtvrtletí zveřejnil Google. Jeho plány na další investice do AI a vývoj volného toku hotovosti, do kterého se tyto výdaje přímo promítají, totiž přinesly silnou negativní reakci trhu. Podobné to podle Eismana bylo s akciemi Tesly. Eisman sám považuje zveřejněná čísla Googlu „za maximálně smíšená“. Pozitivní je hlavně vývoj tržeb a cloudových služeb. Negativně vyznívá zmíněný volný tok hotovosti, který je v červených číslech. Navíc firma plánuje další růst investic do AI. Tesla také vykázala „velmi smíšené výsledky… Tržby byly dobré, problémem jsou marže,“ do kterých se promítá i značné omezení vládní podpory pro elektromobily. Volný tok hotovosti se pak i u této společnosti po dvou letech přesunul do záporu, ačkoliv tržby rostly.
Sui spustilo USDsui, stablecoin krytý rezervami, jehož výnosy z amerických státních dluhopisů a dalších likvidních aktiv se vracejí do ekosystému prostřednictvím buybacků SUI a DeFi pobídek. SUI po spuštění přidal 3,86 %.
Here’s how stablecoins usually work: an issuer like Circle or Tether holds reserves in Treasury bonds, earns billions in yield, and keeps that money. Full stop. The blockchain those stablecoins live on gets nothing. Sui looked at that arrangement and decided it was leaving money on the table.
The Layer 1 network’s native stablecoin, USDsui, takes a fundamentally different approach. The yield generated from its reserve assets, which include US Treasury bonds and other liquid instruments, gets recycled directly back into the Sui ecosystem through open-market buybacks of SUI tokens and DeFi liquidity incentives.
The flywheel thesis The stablecoin is fully collateralized, not algorithmic. USDsui’s backing comes from traditional financial instruments, with issuance handled by Bridge, a firm that Stripe acquired.
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Mysten Labs co-founder Adeniyi Abiodun framed the strategy as a way to close the value-extraction gap that has long defined the stablecoin sector.
“That yield effectively can get funneled back from the foundation straight to the Sui ecosystem.”
In English: instead of Tether pocketing $6 billion a year in profits while the chains hosting USDT see none of it, Sui wants to capture that economic value and redirect it toward its own token holders and DeFi participants.
The numbers behind the bet Sui didn’t launch USDsui into a vacuum. The network had already processed over $1 trillion in cumulative stablecoin transfers before the new token went live. January 2026 alone saw $111 billion in stablecoin volume flow through the chain.
The market’s initial verdict was cautiously optimistic. SUI’s token price climbed 3.86% on USDsui’s launch day.
The buyback mechanism works in two directions. Purchased SUI tokens can either be effectively removed from circulating supply or redeployed into DeFi liquidity pools and automated market makers.
Why this model could matter beyond Sui Bridge’s involvement, and by extension Stripe’s, adds a layer of institutional credibility that most chain-native stablecoins lack.
For investors watching this space, the key metric to track isn’t SUI’s price on any given day. It’s USDsui’s circulating supply over time. The buyback mechanism’s firepower is directly proportional to how much USDsui is actually in circulation. A stablecoin with $100 million in reserves generating 4-5% yield from Treasuries produces maybe $4-5 million annually for buybacks. A stablecoin with $10 billion in reserves producing $400-500 million annually in buyback pressure is a different conversation entirely.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Merit Medical Systems, Inc. (MMSI) Q2 2026 Earnings Call July 30, 2026 4:30 PM EDT
Company Participants
Martha Aronson - President, CEO & Director
Brian Lloyd - Chief Legal Officer & Corporate Secretary
Raul Parra - CFO & Treasurer
Conference Call Participants
Jason Bednar - Piper Sandler & Co., Research Division
Lilia-Celine Lozada - JPMorgan Chase & Co, Research Division
Lei Huang - Wells Fargo Securities, LLC, Research Division
Aidan Lahey - BofA Securities, Research Division
Michael Matson - Needham & Company, LLC, Research Division
Michael Petusky - Barrington Research Associates, Inc., Research Division
Sam Eiber - BTIG, LLC, Research Division
David Rescott - Robert W. Baird & Co. Incorporated, Research Division
Zachary Day - Canaccord Genuity Corp., Research Division
James Sidoti - Sidoti & Company, LLC
Presentation
Operator
Welcome to Merit Medical Systems' Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note that this conference call is being recorded and that the recording will be available on the company's website for replay shortly.
I would now like to turn the call over to Martha Aronson, Merit Medical Systems' President and Chief Executive Officer.
Martha Aronson
President, CEO & Director
Thank you, operator, and welcome, everyone. I am joined on the call today by Raul Parra, our Chief Financial Officer and Treasurer; and Brian Lloyd, our Chief Legal Officer and Corporate Secretary.
Brian, would you mind taking us through the safe harbor statements, please?
Brian Lloyd
Chief Legal Officer & Corporate Secretary
Thanks, Martha. This presentation contains forward-looking statements that receive safe harbor protection under federal securities laws. Although we believe these forward-looking statements are based upon reasonable assumptions, they are subject to risks and uncertainties. The realization of any of these risks or uncertainties as well as extraordinary events or transactions impacting our company could cause actual results to differ materially from the expectations and projections expressed or implied by our forward-looking
Hercules Capital oznámila hospodářské výsledky za 2. čtvrtletí 2026. Na konferenčním hovoru vedení představilo finanční výsledky po skončení obchodování.
Hercules Capital, Inc. (HTGC) Q2 2026 Earnings Call July 30, 2026 5:00 PM EDT
Company Participants
Michael Hara - Managing Director of Investor Relations & Corporate Communications
Scott Bluestein - CEO, Chief Investment Officer & Director
Seth Meyer - President
Andrew Olson - Chief Financial Officer
Conference Call Participants
Crispin Love - Piper Sandler & Co., Research Division
Finian O'Shea - Wells Fargo Securities, LLC, Research Division
Christopher Muller - Citizens JMP Securities, LLC, Research Division
Jason Stewart - Compass Point Research & Trading, LLC, Research Division
Christopher Nolan - Ladenburg Thalmann & Co. Inc., Research Division
John Hecht - Jefferies LLC, Research Division
Melissa Wedel
Paul Johnson - Keefe, Bruyette, & Woods, Inc., Research Division
Presentation
Operator
Good afternoon. My name is Leo, and I will be your conference operator today. At this time, I would like to welcome everyone to the Hercules Capital Second Quarter 2026 Financial Results Conference Call. [Operator Instructions] Please be advised that today's conference may be recorded. [Operator Instructions]
I will now turn the call over to Michael Hara, Managing Director of Investor Relations. Please go ahead.
Michael Hara
Managing Director of Investor Relations & Corporate Communications
Thank you, Leo. Good afternoon, everyone, and welcome to Hercules conference call for the second quarter of 2026. With us on the call today from Hercules are Scott Bluestein, CEO and Chief Investment Officer; Seth Meyer, President; and Andrew Olson, CFO. Hercules financial results were released just after today's market close and can be accessed from the Hercules Investor Relations section at investor.htgc.com. An archived webcast replay will be available on the Investor Relations web page following the conference call.
During this call, we may make forward-looking statements based on our own assumptions and current expectations. These forward-looking statements are not guarantees of future performance and should not be relied upon in making any investment decision.
DexCom, Inc. (DXCM) Q2 2026 Earnings Call July 30, 2026 4:30 PM EDT
Company Participants
Sean Christensen - Vice President of Finance and Investor Relations
Jacob Leach - President, CEO & Director
Jereme Sylvain - Executive VP, CFO & Chief Accounting Officer
Conference Call Participants
Travis Steed - BofA Securities, Research Division
Robert Marcus - JPMorgan Chase & Co, Research Division
Matthew Taylor - Jefferies LLC, Research Division
Gursimran Kaur - Wells Fargo Securities, LLC, Research Division
Anna Runci - Piper Sandler & Co., Research Division
Colin Clark - TD Cowen, Research Division
Jayson Bedford - Raymond James & Associates, Inc., Research Division
Marie Thibault - BTIG, LLC, Research Division
Jeffrey Johnson - Robert W. Baird & Co. Incorporated, Research Division
Joanne Wuensch - Citigroup Inc., Research Division
Anthony Petrone - Mizuho Securities USA LLC, Research Division
Michael Polark - Wolfe Research, LLC
Jonathan Block - Stifel, Nicolaus & Company, Incorporated, Research Division
Issie Kirby - Rothschild & Co Redburn, Research Division
Richard Newitter - Truist Securities, Inc., Research Division
Presentation
Operator
Ladies and gentlemen, welcome to the Dexcom Second Quarter 2026 Earnings Release Conference Call. My name is Abby, and I will be your operator for today's call. [Operator Instructions] As a reminder, the conference is being recorded.
I will now turn the call over to Sean Christensen, Senior Vice President of Finance and Investor Relations. Mr. Christensen, you may begin.
Sean Christensen
Vice President of Finance and Investor Relations
Thank you, operator, and welcome to Dexcom's Second Quarter 2026 Earnings Call. Our agenda begins with Jake Leach, Dexcom's President and CEO, who will summarize our recent highlights and ongoing strategic initiatives, followed by a financial review and outlook from Jereme Sylvain, our Chief Financial Officer.
Following our prepared remarks, we will open the call up for your questions. At that time, we ask analysts to limit themselves to one question each so we can provide
The Euro (EUR) extends the intraday rally to near 185.20 against the Japanese Yen (JPY) after the Bank of Japan’ (BoJ) monetary policy decision during the Asian trading session on Friday. The BoJ has kept interest rates steady at 1%, as expected, with an 8-1 majority.
BoJ member Hajime Takata dissented from the vote to hold and favored a 25 basis points (bps) interest rate hike to push rates to 1.25%.
The Japanese central bank has warned that medium-to-long-term inflation expectations are set to climb and has reiterated that the monetary policy path will remain on the upside. “Will keep raising interest rates in response to economic, price trends and financial conditions,” BoJ said.
The BoJ was already anticipated to do so as it is unlikely to deliver back-to-back rate hikes to build pressure on the economy. In the June meeting, the Japanese central bank raised borrowing rates by 25 basis points (bps) to 1%, the highest level not seen since 1995.
On the Eurozone front, investors await the preliminary Harmonized Index of Consumer Prices (HICP) data for July, which will be published at 09:00 GMT. The inflation data from Germany and Spain showed on Monday that inflationary pressures grew at a faster-than-expected pace.
According to TD Securities, Eurozone inflation is likely to firm only modestly in the latest print, with the bank expecting “euro area HICP to pick up only slightly to 2.9% y/y (mkt: 2.9%; prior: 2.8%), as the recent rebound in energy is largely offset by softer food and core goods prices.” The analysts note that “airfares may provide some upside given higher jet fuel costs and the start of the summer holiday season,” but they judge that “broader services HICP is likely to remain contained, with limited evidence so far of a wider pass-through of the energy shock.” In this context, TD Securities concludes that “we see the core inflation number remaining steady at 2.4% y/y (mkt: 2.4%, prior: 2.4%).”
Signs of acceleration in inflationary pressures in the Eurozone would prompt expectations of more interest rate hikes by the European Central Bank (ECB) in the near term.
Bank of Japan FAQs The Bank of Japan (BoJ) is the Japanese central bank, which sets monetary policy in the country. Its mandate is to issue banknotes and carry out currency and monetary control to ensure price stability, which means an inflation target of around 2%.
The Bank of Japan embarked in an ultra-loose monetary policy in 2013 in order to stimulate the economy and fuel inflation amid a low-inflationary environment. The bank’s policy is based on Quantitative and Qualitative Easing (QQE), or printing notes to buy assets such as government or corporate bonds to provide liquidity. In 2016, the bank doubled down on its strategy and further loosened policy by first introducing negative interest rates and then directly controlling the yield of its 10-year government bonds. In March 2024, the BoJ lifted interest rates, effectively retreating from the ultra-loose monetary policy stance.
The Bank’s massive stimulus caused the Yen to depreciate against its main currency peers. This process exacerbated in 2022 and 2023 due to an increasing policy divergence between the Bank of Japan and other main central banks, which opted to increase interest rates sharply to fight decades-high levels of inflation. The BoJ’s policy led to a widening differential with other currencies, dragging down the value of the Yen. This trend partly reversed in 2024, when the BoJ decided to abandon its ultra-loose policy stance.
A weaker Yen and the spike in global energy prices led to an increase in Japanese inflation, which exceeded the BoJ’s 2% target. The prospect of rising salaries in the country – a key element fuelling inflation – also contributed to the move.
Enterprise Products Partners uspořádala konferenční hovor k výsledkům za 2. čtvrtletí 2026. V úvodu zaznělo, že vedení bude komentovat hospodaření a výhled společnosti.
Enterprise Products Partners L.P. Common Units (EPD) Q2 2026 Earnings Call July 30, 2026 10:00 AM EDT
Company Participants
Joseph Theriac - Vice President of Finance & Investor Relations
A. Teague - Co-CEO & Director of Enterprise Products Holdings LLC
W. Fowler - Co-CEO & Director of Enterprise Products Holdings LLC
Tyler Cott - Senior Vice President of Hydrocarbon Marketing
Tug Hanley - Executive VP & Chief Commercial Officer
Natalie Gayden - Senior Vice President, Natural Gas Assets
Justin Kleiderer - Senior Vice President of Pipelines & Terminals
Graham Bacon - Executive VP & COO of Enterprise Products Holdings LLC
Conference Call Participants
Jean Ann Salisbury - BofA Securities, Research Division
Spiro Dounis - Citigroup Inc., Research Division
John Mackay - Goldman Sachs Group, Inc., Research Division
Keith Stanley - Wolfe Research, LLC
Theresa Chen - Barclays Bank PLC, Research Division
Gabe Daoud - Truist Securities, Inc., Research Division
Jeremy Tonet - JPMorgan Chase & Co, Research Division
Andrew John O'Donnell - Tudor, Pickering, Holt & Co. Securities, LLC, Research Division
Manav Gupta - UBS Investment Bank, Research Division
Presentation
Operator
Thank you for standing by, and welcome to Enterprise Products Partners L.P.'s Second Quarter 2026 Earnings Conference Call. [Operator Instructions] I would now like to hand the call over to Joe Theriac, VP of Finance and Investor Relations. Please go ahead.
Joseph Theriac
Vice President of Finance & Investor Relations
Thanks, Latif. Good morning, and welcome to the Enterprise Products Partners conference call to discuss second quarter 2026 earnings. Our speakers today will be Co-Chief Executive Officers of Enterprise's General Partner, Jim Teague and Randy Fowler. Other members of our senior management team are also in attendance for the call today.
During this call, we will make forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 based on the beliefs of the company as well as assumptions
Chief People Officer Sarah H. King prodala 4 373 akcií Darden Restaurants za zhruba 920 200 USD. Po transakci jí zůstalo 742 přímých akcií a více než 7 000 derivátových cenných papírů.
Chief People Officer Sarah H. King reported a sale of 4,373 shares of Darden Restaurants, Inc. (DRI -2.48%) on July 29, 2026, according to an SEC Form 4 filing.
Transaction summaryMetricValueTransaction value~$920,200Shares sold (direct)4,373Post-transaction shares (directly held)742Post-transaction value$157,474.66Transaction value based on SEC Form 4 weighted average sale price ($210.42); post-transaction value based on July 29, 2026 market close ($212.23).
Key questionsWhat was the primary driver of this transaction?
The transaction represented the sale of common shares at a weighted average price of $210.42.How does this sale align with the stock's recent performance?
The transaction occurred with the stock having delivered a roughly flat one-year gain. The shares were sold at $210.42, slightly below the trade-date market close of $212.23.What is the status of King's remaining equity exposure?
Following the 85% liquidation of her direct common stock position, King's direct ownership is reduced to 742 shares. However, she retains over 7,000 derivative securities, which provide continued exposure to the company's long-term equity performance.What is the company's current valuation context?
Darden Restaurants holds a market capitalization of $24 billion as of the July 29, 2026, market close. The company reported trailing twelve-month revenue of $13.2 billion and net income of $1.2 billion.Company OverviewMetricValueShare Price (as of market close 2026-07-29)$212.23Market Capitalization$24.3 billionRevenue (TTM)$13.2 billionNet Income (TTM)$1.2 billionCompany SnapshotDarden Restaurants operates a diversified portfolio of full-service dining establishments across the United States and Canada, generating revenue through restaurant operations and food service delivery across multiple branded concepts including Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, Capital Grille, and Seasons 52.The company's business model centers on the ownership and operation of company-managed restaurants that generate revenue through food and beverage sales, with a focus on casual and upscale dining segments that emphasize consistent execution, operational efficiency, and brand differentiation.Darden's primary customers are middle to upper-middle income consumers seeking casual to upscale dining experiences, with the company's portfolio strategically positioned to capture demand across multiple price points and dining occasions in both the United States and Canadian markets.Darden Restaurants operates one of the largest full-service restaurant portfolios in North America, with approximately 1,867 company-managed locations generating $13.2 billion in TTM revenue. The company maintains a competitive advantage through its multi-brand strategy, which allows it to serve diverse customer preferences and dining occasions while leveraging operational scale and supply chain efficiencies across its portfolio. With a market capitalization of $24.3 billion and net income of $1.2 billion TTM, Darden demonstrates strong profitability and market positioning within the consumer cyclical restaurant sector.
What this transaction means for investorsKing was far from the only Darden executive to sell, joining the CEO and CFO, and like them she kept her options while shrinking her common stock, here down to 742 shares against more than 7,000 derivative securities. A few insiders lightening up together can spook investors, but the pattern might just point to a shared post-fiscal-year window rather than a coordinated verdict, and each of these insiders kept the bulk of their upside in options. Though shares are roughly flat over the past year, they’re still close to record levels, and ultimately, that just makes this seem more like ordinary diversification.
As chief people officer, King oversees the labor side of a business where staffing and wages drive costs. Darden crossed $13 billion in annual sales for the first time in fiscal 2026, with adjusted earnings up 11.4% to $10.64 per share, and it opened 71 restaurants while planning 75 to 80 more. CEO Ricardo Cardenas called the portfolio "more balanced and more diversified" than years past. That expansion pace will be more important to watch longer term than sales like this one. Staffing dozens of new restaurants a year is likely King's challenge, and labor costs are the line that could pressure margins as Darden grows.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
LPL Financial Holdings Inc. zveřejnila výsledky za 2. čtvrtletí 2026. V přepisu konferenčního hovoru ale nejsou uvedena žádná konkrétní čísla ani komentář k výkonu.
LPL Financial Holdings Inc. (LPLA) Q2 2026 Earnings Call July 30, 2026 5:00 PM EDT
Company Participants
Richard Steinmeier - CEO & Director
Matthew Audette - President & CFO
Conference Call Participants
Alexander Blostein - Goldman Sachs Group, Inc., Research Division
Steven Chubak - Wolfe Research, LLC
Daniel Fannon - Jefferies LLC, Research Division
Devin Ryan - Citizens JMP Securities, LLC, Research Division
Y. Cho - JPMorgan Chase & Co, Research Division
Craig Siegenthaler - BofA Securities, Research Division
Michael Brown - UBS Investment Bank, Research Division
Brennan Hawken - BMO Capital Markets Equity Research
Michael Cyprys - Morgan Stanley, Research Division
Benjamin Budish - Barclays Bank PLC, Research Division
Jeffrey Schmitt - William Blair & Company L.L.C., Research Division
William Katz - TD Cowen, Research Division
Presentation
Operator
Good afternoon, and thank you for joining the Second Quarter 2026 Earnings Conference Call for LPL Financial Holdings Inc. Joining the call today are Chief Executive Officer, Rich Steinmeier; and President and Chief Financial Officer, Matt Audette. Rich and Matt will offer introductory remarks, and then the call will be open for questions.
[Operator Instructions]
The company has posted its earnings press release and supplementary information on the Investor Relations section of the company's website, investor.lpl.com.
Today's call will include forward-looking statements, including statements about LPL Financial's future financial and operating results, outlook, business strategies and plans as well as other opportunities and potential risks that management foresees. Such forward-looking statements reflect management's current estimates or beliefs and are subject to known and unknown risks and uncertainties that may cause actual results or the timing of events to differ materially from those expressed or implied in such forward-looking statements. For more information about such risks and uncertainties, the company refers listeners to disclosures set forth under the caption Forward-Looking Statements in the earnings press release as well as the risk factors and other disclosures contained in the
Applied Digital (APLD +20.46%) is the tale of two tapes. The stock is up about 150% over the past year, but its shares have also been nearly cut in half from their spring highs. With the company's revenue surging, the question on many investors' minds now is whether it's time to buy the stock when it's down.
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Revenue growth surges Applied Digital is more of an AI data center landlord than it is a tech company. It spun out its cloud computing business and merged it with EKSO Bionics Holding earlier this year to create a new company called ChronoScale (CHRN +13.71%), although it still holds a 96% stake in the new entity. Meanwhile, it is considering converting into a real estate investment trust (REIT).
Applied Digital's main business today is building and operating data centers designed to handle AI workloads. However, it does still have a data center hosting business that serves cryptocurrency miners, which was its original business. Its biggest attribute is its access and ability to source cheap power and know-how for constructing facilities that can house massive data centers.
Applied Digital has been seeing rapid revenue growth, which continued in fiscal Q4 with its revenue soaring 407% to $258.7 million. Excluding the spun-off ChronoScale, revenue rose from $38 million to $240.4 million.
The company's high-performance computing (HPC) business accounted for $203 million of its revenue, with $44.1 million tied to base rent and $6.5 million related to tenant recoveries. The bulk of it, $152.1 million, came from tenant fit-out services, which is revenue it gets from constructing dedicated facilities for large customers.
This revenue is coming mostly from its largest customer, CoreWeave. Tenant fit-out services have low gross margins, but they do lead to future, higher-margin recurring revenue.
Its data center hosting business, meanwhile, saw its revenue slip by 2% to $37.63 million, with operating income of $12.5 million. This is Applied Digital's legacy business, comprising two facilities in North Dakota with 286 megawatts of power dedicated to cryptocurrency mining.
On the profitability front, the company reported adjusted net income of $12.9 million, or $0.04 per share. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at $42.4 million, compared to $1 million a year ago.
Applied Digital ended the quarter with $1.6 billion in unrestricted cash against $5 billion in debt. It reported operating cash flow of $89.7 million and negative free cash flow of $2.8 billion.
During the quarter, Applied Digital signed leases for three new campuses worth $20 billion in lease value with a single high-investment-grade hyperscaler. In total, it has now signed leases for five campuses, bringing its contracted long-term lease value to $36 billion.
Image source: Getty Images.
Applied Digital continues to grow revenue quickly, although much of this is coming from low-margin non-recurring tenant fit-out service revenue. However, this does help set the stage for future recurring revenue. At the same time, the company is burning through cash, expanding its data center campuses, and taking on significant debt.
That said, its business should be inherently less risky than that of neocloud operators. It isn't buying pricey graphics processing units (GPUs), so it faces less technology obsolescence risk, and it is getting long-term leases. Having CoreWeave as its primary customer is a risk, but a large hyperscaler becoming its primary tenant in the future will be a plus.
With Applied Digital projecting it will hit a $1 billion net operating income (NOI) run rate a year from now and a strong, growing backlog, the stock looks intriguing here. I'd still place it in the high-risk, high-reward category, but with power still one of the big AI infrastructure bottlenecks, the company looks to be in a solid long-term position.
Tim Cook označil hybridní přístup Applu k AI, který část úloh zpracuje přímo na iPhonu a Macu, za „konkurenční zbraň“. Firma tím chce podpořit i chystané Siri a iCloud+.
Apple CEO Tim Cook had a lot to talk about on his last earnings call as CEO, as his company's stock price trended lower on concerns about supply constraints. Regardless of the selloff, he told investors that Apple has "enormous opportunities" in artificial intelligence.
Cook, who will be assuming the role of executive chairman on Sept. 1, said Apple's hybrid approach to AI, where some workloads can be run on iPhones and Macs is an advantage as his large tech peers rely on their massive clouds.
It's an important signal to Wall Street about the company's ability to run AI apps as Apple gears up for the launch of an updated Siri this fall.
"The ability to run some percentage of requests on device is also very strategic and sort of a competitive weapon," Cook said.
Apple has bucked its hyperscaler peers by spending significantly less on capital expenditures as it tries to be a player in AI. Most of the spending across the industry is going towards Nvidia-based data centers to run advanced AI models from companies like OpenAI and Anthropic.
Alphabet, Amazon, Meta and Microsoft have each committed to shelling out well over $100 billion in capex this year. In the June quarter, Apple's capex amounted to $2.46 billion, lower than a StreetAccount estimate of $3.44 billion. Cook noted that operating expenses are going up.
"We have been growing our opex and spending more in AI in general," Cook said.
Instead of spending heavily on data centers, Apple emphasizes that much of its AI suite — Apple Intelligence — can be run on the devices themselves, using the full power of Apple's chips and not radioing to the cloud.
Apple says it can do more in AI, potentially saving money for businesses that are spending heavily on AI software. He gave the example of Disney, where "creative teams are increasingly turning to Mac for on-device AI workflows that reduce overall cloud token costs and keep their IP secure," Cook said.
Apple's hybrid strategy will be tested when Siri AI is finally released to the public. The highly anticipated launch of Apple's personal assistant will depend on the iPhone's processor to decipher queries and use the appropriate on-device AI model.
However, there are tradeoffs in terms of what the local models can do. So for complicated AI tasks, Apple will use Google Cloud to serve those answers with infrastructure based on Nvidia's graphics processing units and Intel's central processors. Those tasks include things like image generation, Apple said in June, when it revealed the software.
Apple signaled at the time that it would cap users on its cloud models and that they might be able to increase their limits through iCloud. That would offer Apple a new way to monetize AI.
Cook said on Thursday that Apple didn't have a "complete plan" for charging users, but that it aims to use AI as a selling point for iCloud subscriptions.
"We do believe there will be people that want to use it a lot, and so we will have some kind of upgrade possibilities on on iCloud+," Cook said.
The logo of Tesla is seen on a Tesla Model Y during Tesla Inc.'s official launch in Bogota, Colombia, November 20, 2025. REUTERS/Luisa Gonzalez/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesSeparation options include spin off, sale or closure of China business, WSJ reportsExecutives also discuss separate sales entity for Shanghai exports, Journal saysGigafactory Shanghai has annual production capacity of more than 950,000 vehiclesJuly 30 (Reuters) - Tesla (TSLA.O), opens new tab executives have been told to prepare for a separation of its China business ahead of a potential merger with SpaceX (SPCX.O), opens new tab, the Wall Street Journal reported on Thursday, citing a person familiar with the talks.
A merger between Elon Musk's Tesla and SpaceX would raise geopolitical and regulatory hurdles, particularly in China, because SpaceX is a major U.S. defense contractor involved in national security and satellite programs, while Tesla operates wholly owned manufacturing facilities in China.
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Tesla and SpaceX could not be immediately reached for comment outside regular business hours.
Tesla advisers have discussed possible options for a separation, including a spin off, sale or closure, the WSJ report said, adding that it was unclear how quickly Tesla could move on the China business and that the plans could change.
CEO Musk had in recent years instructed Tesla executives to organize the company with a "laser" between its U.S. and China businesses, aiming to ensure that in the event of geopolitical strife between the two countries, at least the U.S. half of Tesla would survive, the Journal said, citing sources.
Unlike many foreign automakers, Tesla's Chinese vehicle business is not structured as a joint venture with a local partner.
Tesla's Gigafactory Shanghai remains its largest and most productive plant globally, serving as its key export hub for Europe and the Asia-Pacific region.
The facility historically accounts for more than half of Tesla's global deliveries, with an annual production capacity of more than 950,000 vehicles.
CHINA IS TESLA'S NO.2 MARKETSpaceX went public last month after a record $75 billion initial public offering and was valued at $1.48 trillion as of Thursday's close. Tesla has a market capitalisation of $1.22 trillion.
While Giga Shanghai acts as a vital export pipeline, China itself is Tesla's second-largest market globally after the United States, though it faces intense pressure from local players such as BYD.
The Journal reported that executives have also discussed creating a separate sales entity to handle exports from the Shanghai plant. Tesla could create separate office systems and bar China-based employees’ direct access to other company units, it added.
Earlier this month, Musk left the door open to the EV maker merging with his other trillion-dollar-plus-valued firm SpaceX, declining to dismiss the possibility and citing growing overlap between the companies.
SpaceX President and Chief Operating Officer Gwynne Shotwell has also acknowledged potential benefits, telling CNBC in June that folding the companies together "might make Elon's life a little easier" by streamlining management across his businesses.
However, JPMorgan analysts have pointed to the "practical bottleneck" of getting regulatory approvals for both companies, particularly in China, where national security concerns over SpaceX’s U.S. government ties could pose problems.
Through its China entity, Tesla achieved the lowest costs to manufacture its Model 3 and Model Y with the help of more than 400 domestic suppliers, a Tesla China executive has previously said, adding that more than 60 of them also supply Tesla globally.
Deliveries of China-made Model 3 and Model Y vehicles rose 24.4% year-over-year in June, while second-quarter sales and exports from the Shanghai factory increased 32.8%.
Tesla has said it sources locally more than 95% of the components in the China-made Model 3 and the refreshed version of the Model Y.
Reporting by Fabiola Arámburo, Chris Thomas and Mrinmay Dey in Mexico City, Ju-min Park in Beijing; Editing by Christian Schmollinger, Muralikumar Anantharaman and Lincoln Feast.
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The 777-9 fatigue test aircraft at the Boeing Factory in Everett, Washington, U.S., July 8, 2026. Jennifer Buchanan/Seattle Times/Pool via REUTERS/File Photo Purchase Licensing Rights, opens new tab
CompaniesSEATTLE, July 30 (Reuters) - Boeing (BA.N), opens new tab said on Thursday it had sent a contract offer to the union representing roughly 17,000 engineers and technical workers in its commercial airplane division.
The Society of Professional Engineering Employees in Aerospace's negotiating team endorsed the deal, according to a post on the union's website.
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No details of the proposed contract were immediately available.
The SPEEA negotiating team said the proposal "offers real and meaningful value to the membership, delivers real positive change to work/life balance and delivers on the membership's priorities."
Union officials for the engineers and technicians bargaining units will review the terms and make a recommendation to members next week.
The current SPEEA contract expires on October 6.
A strike could further delay certification campaigns for Boeing's 737 MAX 10 - the largest variant of its single-aisle jet - and the 777-9, its largest jetliner. The company is already years behind schedule on certification, which is engineering-intensive work.
Boeing has had three major union contract negotiations in as many years. The previous two, covering the planemaker's commercial aircraft workers and a separate bargaining unit of defense workers, both represented by the International Association of Machinists and Aerospace Workers, ended after extended strikes.
In January, Boeing reached a contract with roughly 1,600 SPEEA members at the former Spirit AeroSystems in Wichita, Kansas. The contract included a $6,000 ratification bonus, annual wage increases, improvements to medical and retirement plans, and an additional six days off a year.
Reporting by Dan Catchpole in Seattle; Editing by Jamie Freed
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Napětí s Íránem přimělo Pentagon uzavřít sedmileté dohody s L3Harris a Lockheed Martin na rozšíření výroby pohonů pro interceptory Patriot a THAAD. Cílem je řešit nedostatek systémů protiraketové obrany.
Ongoing tensions with Iran led the U.S. Defense Department to announce on July 27 two seven-year agreements with L3Harris Technologies (LHX -8.61%) and Lockheed Martin (LMT +0.86%) to expand propulsion capacity for Patriot and Terminal High Altitude Area Defense (THAAD) interceptors. The point is to address an ongoing shortage of missile defense systems.
The need to address the shortage also benefits RTX (RTX -0.40%), a key contractor and supplier of the Patriot and THAAD interceptors. All three defense stocks are up so far this year, but while L3Harris is up only 3%, RTX and Lockheed Martin are up by more than 17% and 19%, respectively. The run is likely to continue, though. Why I like each of these stocks:
Image source: Getty Images
Lockheed has a big backlog and a big dividend Lockheed is the prime contractor and system integrator responsible for manufacturing the overall THAAD system and its hit-to-kill interceptor missiles. As of the second quarter, the company had a record backlog of $230 billion, led by its multibillion-dollar awards for THAAD hit-to-kill interceptors and Patriot PAC-3 MSE missiles. This provides extraordinary multiyear revenue predictability.
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Lockheed maintains a near monopoly in integrated upper-tier kinetic missile defense for the U.S. and international allies. That gives it strong margin protection.
In the second quarter, it reported revenue of $20.1 billion, up 11% year over year, and earnings per share (EPS) of $7.94, up 443% over the same quarter a year ago. The company has four segments: space, aeronautics, missiles and fire control, and rotary and mission systems. Missiles and fire control led the way in the quarter with an operating margin of 14.5%.
Management has raised its dividend for 22 consecutive years, including a 5% increase last year, to $3.45 per quarter. Its yield, even with the stock's increase this year, is 2.36% at its current share price, more than double the S&P 500 average yield. As production bottlenecks resolve and its operating margins expand, its free cash flow generation will continue to grow.
L3Harris benefits from missile demand, regardless of contracts Through its Aerojet Rocketdyne business, L3Harris supplies essential solid-rocket motors and thrust-vector control systems for the THAAD and Patriot missiles. This allows the company to capture upside from missile demand regardless of which prime contractor wins specific program awards. The Pentagon's new seven-year deal calls for it to nearly triple production of propulsion parts for Patriot munitions and quadruple its manufacturing of crucial components for THAAD interceptors over the next seven years.
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L3Harris specializes in high-margin technology segments -- including space payloads, electronic warfare, tactical communications, and night vision systems -- that drive higher overall segment operating margins.
In the second quarter, the company's cost-control initiatives and debt reduction led to improved profitability. It reported revenue of $5.9 billion, up 8% year over year, while the operating margin rose 60 basis points over the same period last year to 11.1%. EPS climbed 28% year over year to $3.13.
L3Harris continues to convert record order flow into an expanding backlog of $42 billion, while aggressive cost initiatives and asset sales support debt reduction and accelerating EPS. It also has a dividend yield of 1.61% at its current share price, and it increased its dividend by 4% this year, the 25th consecutive year it has boosted it.
RTX's Patriot missiles are in high demand here and abroad RTX, through its Raytheon segment, is the main system architect and radar provider for the Patriot system, providing high-margin, long-term recurring revenue through U.S. and international military sales, maintenance contracts, software retrofits, and next-generation radar upgrades.
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Led by rising demand to replenish depleted global missile inventories, RTX holds a record backlog of $289 billion through the second quarter. This order intake supports ongoing upward revisions to management's full-year earnings and free cash flow guidance.
In the second quarter, the company reported revenue of $24.7 billion, up 14% year over year, and EPS of $1.57, up 29% from the second quarter of 2025. Profit margin was 11.4%, up from 9.9% in the same period a year ago.
RTX's dividend yields around 1.27% at its current share price. It has increased its payout for 22 consecutive years, including a 6% raise this year to $0.73 per quarter.
Riding the military momentum An unprecedented surge in global defense demand has pushed all three contractors to record order backlogs. With allied nations aggressively replenishing depleted missile stockpiles and upgrading air defense infrastructure, these companies have long-term revenue visibility well into the next decade. Their highly complementary relationship in crucial programs such as THAAD and Patriot ensures that all three capture steady top-line growth as defense budgets expand worldwide.
These defense majors present an attractive balance of cash flow generation, margin expansion, and above-average dividends. As supply chain bottlenecks ease, factory expansions come on line, and high-volume production accelerates, operating margins are expanding across munitions and aerospace segments.
Combined with growing free cash flows, low customer credit risk, and a proven track record of dividend hikes and share buybacks, all three stocks offer defense-focused value and resilient earnings compounders.
Kevin Lobo - Chairman & CEO
Nick Mead - Vice President of Investor Relations
Preston Wells - VP & CFO
Conference Call Participants
Joanne Wuensch - Citigroup Inc., Research Division
Robert Marcus - JPMorgan Chase & Co, Research Division
Larry Biegelsen - Wells Fargo Securities, LLC, Research Division
Ryan Zimmerman - BTIG, LLC, Research Division
Travis Steed - BofA Securities, Research Division
Vikramjeet Chopra - BMO Capital Markets Equity Research
Matthew O'Brien - Piper Sandler & Co., Research Division
Vijay Kumar - Evercore ISI Institutional Equities, Research Division
Patrick Wood
Ravi Misra - Truist Securities, Inc., Research Division
Matthew Taylor - Jefferies LLC, Research Division
Mathew Blackman - TD Cowen, Research Division
Caitlin Roberts - Canaccord Genuity Corp., Research Division
Presentation
Operator
Welcome to the Second Quarter 2026 Stryker Earnings Call. My name is Megan, and I'll be your operator for today's call. [Operator Instructions]. This conference call is being recorded for replay purposes.
Before we begin, I would like to remind you that the discussions during this conference call will include forward-looking statements. Factors that could cause actual results to differ materially are discussed in the company's most recent filings with the SEC. Also, the discussions will include certain non-GAAP financial measures. Reconciliations to the most directly comparable GAAP financial measures can be found in today's press release that is an exhibit to Stryker's current report on Form 8-K filed with the SEC.
I will now turn the call over to Mr. Kevin Lobo, Chair and Chief Executive Officer. You may proceed, sir.
Kevin Lobo
Chairman & CEO
Welcome to Stryker's second quarter earnings call. Joining me today are Preston Wells, Stryker's CFO; and Nick Mead, Vice President of Investor Relations. For today's call, I will provide opening comments, followed by Nick with market trends and some product updates. Preston will then provide additional
Roblox za čtvrtletí do června 2026 zvýšil tržby na 1,56 miliardy USD, meziročně o 8,3 %, ale Bookings 1,56 miliardy USD i denně aktivní uživatelé 123 milionů zaostali za odhady.
For the quarter ended June 2026, Roblox (RBLX - Free Report) reported revenue of $1.56 billion, up 8.3% over the same period last year. EPS came in at -$0.26, compared to -$0.41 in the year-ago quarter.
The reported revenue represents a surprise of -2.11% over the Zacks Consensus Estimate of $1.59 billion. With the consensus EPS estimate being -$0.33, the EPS surprise was +21.21%.
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 Roblox performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Bookings: $1.56 billion versus $1.59 billion estimated by seven analysts on average.Daily Active Users (DAUs): 123 million versus 128.15 million estimated by five analysts on average.Total Hours Engaged: 29 billion versus 33.21 billion estimated by five analysts on average.Daily Active Users (DAUs) - ROW: 34 million compared to the 37.92 million average estimate based on three analysts.Daily Active Users (DAUs) - APAC: 41 million versus 39.82 million estimated by three analysts on average.Daily Active Users (DAUs) - US & Canada: 22 million versus 22.19 million estimated by three analysts on average.Daily Active Users (DAUs) - Europe: 26 million versus the three-analyst average estimate of 26.5 million.View all Key Company Metrics for Roblox here>>>
Shares of Roblox have returned -13.5% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
For the quarter ended June 2026, Strategy (MSTR - Free Report) reported revenue of $122.37 million, up 6.9% over the same period last year. EPS came in at -$24.45, compared to $32.60 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $126.95 million, representing a surprise of -3.61%. The company delivered an EPS surprise of -146.98%, with the consensus EPS estimate being $52.04.
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 Strategy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Product Licenses and Subscription Services: $66.53 million versus the two-analyst average estimate of $65.65 million.Revenues- Subscription services: $62.86 million versus $60.1 million estimated by two analysts on average.Revenues- Product licenses: $3.67 million compared to the $6.05 million average estimate based on two analysts.View all Key Company Metrics for Strategy here>>>
Shares of Strategy have returned -0.1% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Agree Realty (ADC - Free Report) came out with quarterly funds from operations (FFO) of $1.14 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to FFO of $1.06 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of +0.89%. A quarter ago, it was expected that this real estate investment trust would post FFO of $1.12 per share when it actually produced FFO of $1.14, delivering a surprise of +1.79%.
Over the last four quarters, the company has surpassed consensus FFO estimates four times.
Agree Realty, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $205.1 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.67%. This compares to year-ago revenues of $175.53 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 FFO expectations will mostly depend on management's commentary on the earnings call.
Agree Realty shares have added about 11.6% since the beginning of the year versus the S&P 500's gain of 6.9%.
What's Next for Agree Realty?While Agree Realty 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 Agree Realty 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 FFO estimate is $1.14 on $206.44 million in revenues for the coming quarter and $4.56 on $818.07 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, REIT and Equity Trust - Retail 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.
Another stock from the same industry, Tanger (SKT - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 4.
This factory outlet mall operator is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents a year-over-year change of +6.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Tanger's revenues are expected to be $142.51 million, up 6.8% from the year-ago quarter.
Western Union (WU - Free Report) reported $1.01 billion in revenue for the quarter ended June 2026, representing a year-over-year decline of 1.3%. EPS of $0.31 for the same period compares to $0.42 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.01 billion, representing a surprise of +0.59%. The company delivered an EPS surprise of -27.91%, with the consensus EPS estimate being $0.43.
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 Western Union performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Consumer Money Transfer transactions - Total: 73.5 million compared to the 72.29 million average estimate based on four analysts.Consumer Money Transfer - Cross-border principal: 27.2 billion versus the two-analyst average estimate of 27.29 billion.Revenue- Consumer Services: $147.1 million versus $154.74 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.3% change.Revenue- Consumer Money Transfer: $866.1 million compared to the $852.19 million average estimate based on five analysts. The reported number represents a change of -2.1% year over year.Segment Operating Income (Loss)- Consumer Services: $23.3 million versus $40.82 million estimated by two analysts on average.Segment Operating Income (Loss)- Consumer Money Transfer: $125.7 million versus $145.48 million estimated by two analysts on average.View all Key Company Metrics for Western Union here>>>
Shares of Western Union have returned +3.1% over the past month versus the Zacks S&P 500 composite's -1.5% 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.
Western Union zveřejní výsledky za 2. čtvrtletí 2026 a výhled na celý rok 2026. Na konferenčním hovoru vystoupí CEO Devin McGranahan a CFO Matthew Cagwin.
The Western Union Company (WU) Q2 2026 Earnings Call July 30, 2026 4:30 PM EDT
Company Participants
Tom Hadley - Head of Investor Relations
Devin McGranahan - President, CEO & Director
Matthew Cagwin - Executive VP & CFO
Conference Call Participants
Tien-Tsin Huang - JPMorgan Chase & Co, Research Division
William Nance - Goldman Sachs Group, Inc., Research Division
Rayna Kumar - Oppenheimer & Co. Inc., Research Division
Darrin Peller - Wolfe Research, LLC
Christopher Svensson - Deutsche Bank AG, Research Division
Timothy Chiodo - UBS Investment Bank, Research Division
Vasundhara Govil - Keefe, Bruyette, & Woods, Inc., Research Division
Presentation
Operator
Good day, and welcome to the Western Union Second Quarter 2026 Results Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Tom Hadley, Vice President of Investor Relations. Tom, please go ahead.
Tom Hadley
Head of Investor Relations
Thank you. On today's call, we will discuss the company's second quarter and our 2026 full year outlook, and then we will take your questions. The slides that accompany this call and webcast can be found at westernunion.com under the Investor Relations tab and will remain available after the call. Additional operational statistics have been provided in supplemental tables with our press release.
Joining me on the call today is our CEO, Devin McGranahan and our CFO, Matt Cagwin. Today's call is being recorded, and our comments include forward-looking statements. Please refer to the cautionary language in the earnings release and in Western Union's filings with the Securities and Exchange Commission, including the 2025 Form 10-K for additional information concerning factors that could cause actual results to differ materially from the forward-looking statements.
During the call, we will discuss some items that do not conform to generally accepted accounting principles. Where possible, we have reconciled those items
Universal Display vykázala za čtvrtletí tržby ve výši 152,16 milionu USD, meziročně o 11,4 % méně, a EPS 1,06 USD oproti 1,41 USD loni. Tržby byly o 3,93 % pod odhadem Wall Street.
Universal Display Corp. (OLED - Free Report) reported $152.16 million in revenue for the quarter ended June 2026, representing a year-over-year decline of 11.4%. EPS of $1.06 for the same period compares to $1.41 a year ago.
The reported revenue represents a surprise of -3.93% over the Zacks Consensus Estimate of $158.37 million. With the consensus EPS estimate being $1.04, the EPS surprise was +1.92%.
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 Universal Display performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Material sales: $66.19 million versus $87.29 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -25.3% change.Revenue- Contract research services: $4.75 million versus the three-analyst average estimate of $6.15 million. The reported number represents a year-over-year change of -36.4%.Revenue- Royalty and license fees: $81.21 million versus $64.97 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.3% change.View all Key Company Metrics for Universal Display here>>>
Shares of Universal Display have returned -3.5% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
For the quarter ended June 2026, Olin (OLN - Free Report) reported revenue of $1.74 billion, down 0.9% over the same period last year. EPS came in at $0.07, compared to $0.05 in the year-ago quarter.
The reported revenue represents a surprise of +1.3% over the Zacks Consensus Estimate of $1.72 billion. With the consensus EPS estimate being $0.07, the company has not delivered EPS surprise.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Olin performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales- Epoxy: $422.1 million compared to the $376.11 million average estimate based on three analysts. The reported number represents a change of +27.5% year over year.Sales- Chlor Alkali Products and Vinyls: $819.5 million versus the three-analyst average estimate of $884.61 million. The reported number represents a year-over-year change of -16.3%.Sales- Winchester: $500.3 million versus $493.57 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.8% change.Income (Loss) before Taxes- Winchester: $28.1 million compared to the $16.96 million average estimate based on two analysts.Income (Loss) before Taxes- Epoxy: $16 million versus the two-analyst average estimate of $7.35 million.View all Key Company Metrics for Olin here>>>
Shares of Olin have returned +13.3% over the past month versus the Zacks S&P 500 composite's -1.5% 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.
Ryan Specialty Group (RYAN - Free Report) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +21.31%. A quarter ago, it was expected that this insurance company would post earnings of $0.43 per share when it actually produced earnings of $0.47, delivering a surprise of +9.3%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Ryan Specialty, which belongs to the Zacks Insurance - Brokerage industry, posted revenues of $916.65 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.91%. This compares to year-ago revenues of $855.17 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.
Ryan Specialty shares have lost about 10% since the beginning of the year versus the S&P 500's gain of 6.9%.
What's Next for Ryan Specialty?While Ryan Specialty 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 Ryan Specialty 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 $0.51 on $805.01 million in revenues for the coming quarter and $2.06 on $3.27 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, Insurance - Brokerage is currently in the bottom 35% 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, Accelerant Holdings (ARX - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 13.
This company is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of +14.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Accelerant Holdings' revenues are expected to be $274.08 million, up 25.1% from the year-ago quarter.
Huntsman (HUN - Free Report) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.06. This compares to a loss of $0.2 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -100.00%. A quarter ago, it was expected that this chemical company would post a loss of $0.23 per share when it actually produced a loss of $0.2, delivering a surprise of +13.04%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Huntsman, which belongs to the Zacks Chemical - Diversified industry, posted revenues of $1.66 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 7.56%. This compares to year-ago revenues of $1.46 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.
Huntsman shares have added about 19.6% since the beginning of the year versus the S&P 500's gain of 6.9%.
What's Next for Huntsman?While Huntsman 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 Huntsman 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 $0.06 on $1.53 billion in revenues for the coming quarter and -$0.22 on $5.93 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, Chemical - Diversified is currently in the top 38% 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, LyondellBasell (LYB - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 31.
This oil refiner and chemical company is expected to post quarterly earnings of $3.56 per share in its upcoming report, which represents a year-over-year change of +474.2%. The consensus EPS estimate for the quarter has been revised 21.4% lower over the last 30 days to the current level.
LyondellBasell's revenues are expected to be $8.9 billion, up 16.2% from the year-ago quarter.
Schneider National (SNDR) za 2. čtvrtletí vykázala zisk na akcii 0,29 USD, nad odhadem 0,22 USD, a tržby 1,57 miliardy USD, obojí nad odhady analytiků. Zisk byl o 31,82 % vyšší než konsensus.
Schneider National (SNDR - Free Report) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +31.82%. A quarter ago, it was expected that this trucking company would post earnings of $0.11 per share when it actually produced earnings of $0.12, delivering a surprise of +9.09%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Schneider National, which belongs to the Zacks Transportation - Services industry, posted revenues of $1.57 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.02%. This compares to year-ago revenues of $1.42 billion. 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.
Schneider National shares have added about 32.9% since the beginning of the year versus the S&P 500's gain of 6.9%.
What's Next for Schneider National?While Schneider National 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 Schneider National 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 $0.25 on $1.55 billion in revenues for the coming quarter and $0.91 on $5.99 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, Transportation - Services is currently in the top 37% 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.
Matson (MATX - 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 3.
This ocean transportation and logistics services company is expected to post quarterly earnings of $3.74 per share in its upcoming report, which represents a year-over-year change of +28.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Matson's revenues are expected to be $906.81 million, up 9.2% from the year-ago quarter.
AptarGroup (ATR - Free Report) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.66 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +5.97%. A quarter ago, it was expected that this maker of consumer-product dispensing systems would post earnings of $1.15 per share when it actually produced earnings of $1.19, delivering a surprise of +3.48%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
AptarGroup, which belongs to the Zacks Containers - Paper and Packaging industry, posted revenues of $1.03 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.32%. This compares to year-ago revenues of $966.01 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.
AptarGroup shares have added about 11.7% since the beginning of the year versus the S&P 500's gain of 6.9%.
What's Next for AptarGroup?While AptarGroup 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 AptarGroup 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 $1.40 on $994.91 million in revenues for the coming quarter and $5.41 on $3.94 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, Containers - Paper and Packaging is currently in the bottom 19% 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, Graphic Packaging (GPK - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 4.
This packaging company is expected to post quarterly earnings of $0.11 per share in its upcoming report, which represents a year-over-year change of -73.8%. The consensus EPS estimate for the quarter has been revised 6.5% lower over the last 30 days to the current level.
Graphic Packaging's revenues are expected to be $2.19 billion, down 0.6% from the year-ago quarter.
Generální ředitel Ameriprise Financial James M. Cracchiolo prodal 52 932 akcií za 545,69 USD za kus po uplatnění opcí. Po transakci stále drží přímo 107 633 akcií.
James M. Cracchiolo, the chairman and CEO of Ameriprise Financial, Inc. (AMP +0.77%), disposed of 52,932 shares at $545.69 per share on July 28, 2026, according to a recent SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$28.9 millionShares sold (directly held)52,932Post-transaction shares (directly held)107,633Post-transaction shares (indirectly held)1,738Post-transaction value$59.78 millionTransaction value based on SEC Form 4 weighted average sale price ($545.69); post-transaction value based on July 28, 2026 market close ($546.62).
Key questionsWhat were the mechanics of this disposition?
The transaction was initiated by the exercise of 52,932 stock options at a strike price of $165.41. To cover the resulting tax liabilities, James M. Cracchiolo had 34,912 shares withheld by the company, while the remaining 18,020 shares were sold in the open market at weighted average prices ranging from $545.00 to $546.67.How are the CEO's remaining shares distributed?
After the reported activity, the CEO holds 107,633 shares directly. The executive also maintains indirect ownership of 1,738 shares held through the Ameriprise Financial Stock Fund within the firm's 401(k) plan.What is the current valuation context for Ameriprise Financial?
The transaction was executed at $545.69 per share, slightly below the trade-date market close of $546.62. As of the July 29, 2026 market close, the stock was priced at $540.29, giving the company a total market capitalization of $48.6 billion.Company OverviewMetricValueShare Price (as of market close 2026-07-29)$540.29Market Capitalization$48.6 billionRevenue (TTM)$18.9 billionNet Income (TTM)$3.9 billionCompany SnapshotAmeriprise Financial provides comprehensive financial planning, asset management, and insurance services across multiple business segments, including Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other operations.The company generates revenue through advisory fees, asset management fees, insurance premiums, and brokerage commissions, leveraging its integrated platform to serve retail clients, businesses, and institutional investors.Ameriprise targets affluent individuals and households seeking comprehensive wealth management solutions, as well as institutional clients requiring sophisticated asset management and retirement planning services.Ameriprise Financial operates as a diversified financial services holding company with a market capitalization of $48.6 billion. The company maintains a competitive position through its integrated business model that combines advisory services, asset management capabilities, and insurance products to deliver comprehensive wealth management solutions. With TTM revenue of $18.9 billion and net income of $3.9 billion, Ameriprise demonstrates substantial scale and profitability within the asset management and financial services sector.
What this transaction means for investorsOptions struck at $165.41 against a stock near $546 is a spread of roughly $380 a share, and Cracchiolo exercised almost 53,000 of them in one move. Most of the resulting shares, 34,912, went straight back to cover taxes. Plus, he still holds 107,633 shares directly. For a long-time CEO (of over 20 years) cashing in an option grant near record highs, this is pretty standard, and it tells you little beyond that the options were deep in the money.
The results underneath, meanwhile, are strong, even if the stock performance is tepid. Ameriprise grew second-quarter revenue 13% to nearly $5 billion, lifted adjusted operating earnings per share 22% to $11.07, and pushed return on equity to a solid 55%. Assets under management, administration, and advisement climbed 14% to $1.8 trillion. Cracchiolo said the company "delivered another great quarter,” which saw the firm return $932 million to shareholders. Of course, investors might want to see some more momentum in the stock, with shares up only about 5% over the past year despite 22% earnings growth. That effectively means the market is paying less per dollar Ameriprise earns, and either it re-rates, or growth has to keep outrunning a skeptical multiple.
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About the Author
Jonathan Ponciano is a contributing stock market analyst at The Motley Fool. He has nearly a decade of experience as a financial journalist, most recently as an editor and senior reporter at Forbes focused on markets, technology, and entrepreneurship. Jonathan has also written for Investopedia and the Los Angeles Business Journal. He holds a dual B.A. in Business Journalism and Economics from the University of North Carolina at Chapel Hill and an M.B.A. from Columbia Business School. A North Carolina native now based in New York City, Jonathan has also lived in Mexico City and Los Angeles.
DXC Technology Company. (DXC - Free Report) came out with quarterly earnings of $0.4 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -4.76%. A quarter ago, it was expected that this company would post earnings of $0.74 per share when it actually produced earnings of $0.77, delivering a surprise of +4.05%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
DXC Technology, which belongs to the Zacks Computers - IT Services industry, posted revenues of $3 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.46%. This compares to year-ago revenues of $3.16 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.
DXC Technology shares have lost about 19.7% since the beginning of the year versus the S&P 500's gain of 6.9%.
What's Next for DXC Technology?While DXC Technology 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 DXC Technology 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 $0.73 on $3.04 billion in revenues for the coming quarter and $2.61 on $12.19 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, Computers - IT Services is currently in the top 34% 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.
Stem, Inc. (STEM - 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 12.
This company is expected to post quarterly loss of $1.76 per share in its upcoming report, which represents a year-over-year change of +52.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Stem, Inc.'s revenues are expected to be $31.6 million, down 17.6% from the year-ago quarter.
