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Bluefin Capital Management LLC purchased a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,089 shares of the technology company’s stock, valued at approximately $934,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its position in shares of Lumentum by 36.8% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after acquiring an additional 254 shares during the period. NewEdge Advisors LLC raised its holdings in Lumentum by 109.9% in the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after purchasing an additional 6,275 shares during the period. Empowered Funds LLC boosted its position in Lumentum by 9.1% during the first quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after purchasing an additional 680 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Lumentum during the second quarter worth approximately $298,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Lumentum in the second quarter valued at approximately $1,712,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Trading Down 6.4% Shares of LITE opened at $895.00 on Friday. Lumentum Holdings Inc. has a 52-week low of $125.00 and a 52-week high of $1,085.68. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average is $811.83 and its two-hundred day moving average is $805.08. The stock has a market cap of $80.28 billion, a PE ratio of -10.89 and a beta of 1.50.

Lumentum (NASDAQ:LITE – Get Free Report) last issued its earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The company’s quarterly revenue was up 109.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Research analysts forecast that Lumentum Holdings Inc. will post 19.76 earnings per share for the current fiscal year. Key Headlines Impacting Lumentum Here are the key news stories impacting Lumentum this week:

Positive Sentiment: AI infrastructure demand remains the core bullish driver. Lumentum supplies optical components used in high-speed data-center networks, and investors continue to view its 1.6T transceivers and 200G lasers as beneficiaries of accelerating AI-networking demand. Positive Sentiment: Recent operating results provide support. Lumentum’s latest quarter exceeded expectations, with $3.23 in adjusted earnings per share versus a $2.97 consensus estimate and revenue of $1.01 billion, up 109.3% year over year. Q1 fiscal 2027 EPS guidance of $4.05–$4.35 also remains encouraging. Neutral Sentiment: Management’s technology-conference appearance offered no clearly new catalyst. Lumentum presented at the Deutsche Bank 2026 Technology Conference, where investors focused on its AI-product outlook, capacity expansion and execution. The supplied transcript did not identify a specific new forecast or announcement. Lumentum Deutsche Bank Technology Conference Transcript Negative Sentiment: Sector-wide risk-off trading pressured the stock. Applied Optoelectronics and Lumentum reportedly fell about 6%, while Coherent declined about 5%, as the optics stocks that led the August rally pulled back together. A Barron’s report suggested the declines reflected peer-related sympathy selling rather than company-specific news. Optics Stocks Slide as AI Hardware Trade Cools Negative Sentiment: Several insiders sold shares. SVP Jae Kim sold 12,000 shares for approximately $10.2 million, while Vincent Retort sold 38,663 shares for about $33.0 million. CEO Michael Hurlston sold 548 shares for roughly $525,000. The transactions were conducted under pre-arranged Rule 10b5-1 plans, limiting their value as a discretionary bearish signal, but they add a modest overhang after the stock’s substantial rally. SEC CEO Insider Trading Filing Negative Sentiment: Valuation and competition heighten volatility. With LITE trading near its 52-week high, investors may be particularly sensitive to profit-taking, execution problems or competition from Cisco and NVIDIA in AI connectivity. Insiders Place Their Bets In other news, CEO Michael E. Hurlston sold 548 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $958.66, for a total transaction of $525,345.68. Following the transaction, the chief executive officer directly owned 186,951 shares in the company, valued at $179,222,445.66. The trade was a 0.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jae Kim sold 12,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $852.58, for a total value of $10,230,960.00. Following the completion of the sale, the senior vice president directly owned 37,804 shares of the company’s stock, valued at approximately $32,230,934.32. This represents a 24.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 64,563 shares of company stock worth $55,448,750. 0.43% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In LITE has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $1,040.00 price objective on shares of Lumentum in a research report on Wednesday, August 12th. Bank of America dropped their price target on shares of Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 price target on shares of Lumentum in a report on Wednesday, August 12th. Raymond James Financial restated an “outperform” rating and set a $1,036.00 price objective on shares of Lumentum in a research report on Wednesday, August 12th. Finally, Loop Capital boosted their target price on shares of Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and a consensus price target of $1,044.67.

View Our Latest Report on Lumentum

Lumentum Company Profile (Free Report)

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.

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OSAKA, Japan, Aug. 25, 2026 (GLOBE NEWSWIRE) -- TryHard Holdings Limited (“TryHard” or the “Company”) (Nasdaq: THH), a lifestyle entertainment platform in Japan, today announced a strategic collaboration bringing together SBI MUSIC CIRCUS, EHang’s advanced drone technology and SKYTEK’s local expertise to develop and expand next-generation drone light show entertainment across Japan. The collaboration brings together TryHard’s large-scale entertainment capabilities, EHang’s advanced drone technology and SKYTEK’s local expertise to present a successful record-setting 4,000-drone light show at the 10th anniversary SBI Fireworks Festival, which unlock new aerial entertainment opportunities across Japan.

The collaboration combines the complementary strengths of three established players across entertainment, technology and local execution. SBI MUSIC CIRCUS Inc. (“SBI MUSIC CIRCUS”) brings extensive experience in large-scale music events, audience engagement, regional partnerships and promotion; Guangzhou EHang Egret Media Technology Co., Ltd. (“EHang Egret”), a subsidiary of EHang Holdings Limited (Nasdaq: EH) (“EHang”), contributes advanced drone formation and aerial media technology; and SKYTEK Co., Ltd. (“SKYTEK”) provides local expertise in drone show planning, coordination and implementation in Japan.

Together, the parties aim to create large-scale aerial entertainment experiences and develop new commercial applications for drone light shows across music and live events, tourism, regional revitalization initiatives and brand promotions throughout Japan.

The collaboration has been formalized through a memorandum of understanding (“MOU”) among SBI MUSIC CIRCUS, EHang Egret and SKYTEK.

The synchronized drone formation successfully completed its 1st 4,000-drone light show at the 10th anniversary SBI Fireworks Festival held on August 22, 2026, at SENNAN LONG PARK in Sennan, Osaka, and set a new Japanese record for the scale of a drone formation show. Presented alongside the festival’s signature fireworks and live music, the performance created a large-scale audiovisual experience combining technology, traditional summer entertainment and live performance.

The MOU brings together TryHard, EHang Egret and SKYTEK to advance drone light show entertainment in Japan, combining event expertise, drone technology and local implementation capabilities.

Full-Scale Production and Execution Meets Advanced Drone Technology

For TryHard, the collaboration represents an opportunity to add a new technology-driven dimension to its established entertainment platform. TryHard Japan Co., Ltd. (“TryHard Japan”), the Company’s wholly owned operating subsidiary, brings extensive experience in the full-scale production and execution of major entertainment events. Through SBI MUSIC CIRCUS, TryHard has built a strong track record in delivering destination-scale experiences that combine music, live entertainment and audience engagement.

Rakuyo Otsuki, Chief Executive Officer of TryHard, commented: “We see tremendous potential in combining world-class aerial technology with our experience in creating and delivering large-scale entertainment. This collaboration gives us an opportunity to take SBI MUSIC CIRCUS into a new dimension and create experiences that extend beyond traditional live events. We look forward to developing new entertainment formats that can engage audiences, support regional initiatives and create new opportunities across Japan.”

EHang brings a proven track record in large-scale aerial media and drone formation technology. Its subsidiary EHang Egret recently conducted a record-setting aerial performance involving 22,580 drones, demonstrating the scale and technological capabilities that can be applied to immersive entertainment experiences.

A representative from EHang Egret said, “We look forward to bringing our drone formation technology and large-scale aerial performance experience to this collaboration and creating innovative new entertainment experiences for audiences in Japan. We believe Japan presents significant opportunities for expanding the application of drone technology in entertainment and other experiential settings.”

SKYTEK adds the local operating capabilities needed to support drone light shows in Japan, including planning, coordination and implementation.

A representative from SKYTEK said, “We are pleased to contribute our local expertise to the collaboration and support the development of high-quality drone entertainment experiences across Japan. By facilitating local planning and implementation, we look forward to helping turn new creative concepts into compelling aerial experiences.”

By bringing these capabilities together, TryHard aims to integrate advanced aerial entertainment into MUSIC CIRCUS and develop adaptable formats that extend beyond individual festival performances. Potential applications include tourism attractions, regional initiatives, corporate brand experiences and other large-scale entertainment projects across Japan, broadening the experiences TryHard can offer audiences and partners while supporting the continued development of its lifestyle entertainment business.

The collaboration strengthens TryHard’s entertainment platform by integrating advanced drone technology with TryHard Japan’s event production capabilities, opening new opportunities for immersive entertainment experiences across Japan.

About TryHard Holdings Limited

TryHard Holdings Limited is a lifestyle entertainment company in Japan with operations spanning nightclub management, event production and consulting, subleasing and entertainment venue management.

Through its wholly owned subsidiary, TryHard Japan Co., Ltd., the Company plans, produces and operates large-scale music festivals, live entertainment events and cultural programs across Japan. The Company continues to expand its entertainment platform through differentiated content, strategic collaborations and technology-driven audience experiences.

About EHang Holdings Limited

EHang (Nasdaq: EH) is the world’s leading advanced air mobility (“AAM”) technology platform company, committed to making safe, autonomous, and eco-friendly air mobility accessible to everyone. The company develops and manufactures a diversified portfolio of pilotless electric vertical take-off and landing aircraft for a wide range of use cases, including aerial tourism, intra-city transport, intercity travel, logistics and emergency firefighting. For more information, please visit www.ehang.com.

IR Contact:
HBK Strategy Limited
[email protected]
+852 2156 0223

Disclaimer

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue,” or other similar expressions. Among other things, business outlook discussed in this press release, as well as TryHard’s strategic and operational plans, future event pipeline, and expectations regarding its business expansion and venue operations, contain forward-looking statements. TryHard may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its interim and annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about TryHard’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: TryHard’s goals and strategies; TryHard’s future business development, financial conditions, and results of operations; the expected outlook of the lifestyle entertainment business in Japan; TryHard’s expectations regarding demand for and market acceptance of its entertainment offerings and services; TryHard’s expectations regarding its relationships with its customers and other stakeholders; competition in TryHard’s industry; and relevant government policies and regulations relating to TryHard’s industry, and general economic and business conditions in Japan and assumptions underlying or related to any of the foregoing. All information provided in this announcement and in the attachments is as of the date of the announcement, and the Company undertakes no duty to update such information, except as required under applicable law.

Investors are advised to refer to the Company’s filings made with the U.S. Securities and Exchange Commission when making investment decisions, which are available for review at www.sec.gov.

This release does not constitute an offer to sell or solicit an offer to buy any securities, nor does it represent a public offering under Financial Instruments and Exchange Act of Japan.

Photos accompanying this announcement are available at 
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EHang Holdings Limited (EH) Q2 2026 Earnings Call August 25, 2026 8:00 AM EDT

Company Participants

Anne Ji - Senior Director of Investor Relations
Huazhi Hu - Founder, Chairman & CEO
Shuai Feng - CTO & Compliance Officer
Zhao Wang - Chief Operating Officer
Chia-Hung Yang - CFO & Director

Conference Call Participants

Tim Hsiao - Morgan Stanley, Research Division
Xinran Li - Deutsche Bank AG, Research Division

Presentation

Operator

Good day, ladies and gentlemen. Thank you for standing by, and welcome to the EHang Second Quarter 2026 Earnings Conference Call.

Please note that management's prepared remarks and the subsequent Q&A session will be primarily conducted in Chinese and the corresponding simultaneous or consecutive interpretation can be accessed on the English line.

As a reminder, all translations are for convenience purposes only. In case of any discrepancy, the management's statement in the original language will prevail. To listen to the original remarks by management, please join the Chinese line.

Additionally, both the Chinese and English lines are open for questions, and today's call is being recorded.

Now I will turn the call over to Anne Ji, EHang's Senior Director of Investor Relations. Ms. Anne, please proceed.

Anne Ji
Senior Director of Investor Relations

[Interpreted] Hello, everyone. Thank you all for joining us on today's conference call to discuss the company's financial results for the second quarter of 2026. The earnings release is available on the company's IR website. Please note the conference call is being recorded, and the audio replay will be posted on the company's IR website.

On the call today, we have Mr. Hu Huazhi, our Founder, Chairman, CEO; Mr. Feng Shuai, CTO; Mr. Wang Zhao, COO; and Conor Yang, CFO.

Before we continue, please note that today's discussion may contain forward-looking statements made pursuant to the safe harbor provisions of the

HONG KONG, Aug. 28, 2026 (GLOBE NEWSWIRE) -- EHang Holdings Limited ("EHang" or the "Company") (Nasdaq: EH), the world’s leading advanced air mobility (“AAM”) technology platform company, today announced that its proprietary EH216-S, a pilotless human-carrying electric vertical take-off and landing (eVTOL) aircraft, has successfully completed its first public flight at Hong Kong Cyberport. The flight marked the first public demonstration since the first phase of validation flights began in mid-August under the HKSAR Government’s Low-Altitude Economy “Regulatory Sandbox X” Trial Project (the “Project”). It also represents a significant milestone in the development of a three-dimensional low-altitude transportation network and the validation of regular operations across the Guangdong-Hong Kong-Macao Greater Bay Area.

(Image: EH216-S completes its first public flight in Hong Kong)

The landmark flight was witnessed by distinguished government officials and industry leaders, including The Hon Michael Wong, Deputy Financial Secretary and Head of the Working Group on Developing Low Altitude Economy; Ms. Mable Chan, Secretary for Transport and Logistics; Ms. Clara Wong, Director-General of Civil Aviation; Mr. Wong Leung Pak, Matthew, Chairman of Kwoon Chung Bus Holdings Limited; Mr. Simon Chan, Chairman of Hong Kong Cyberport; Dr Rocky Cheng, Chief Executive Officer of Hong Kong Cyberport; as well as Mr. Zhao Wang, Chief Operating Officer of EHang; Mr. Conor Yang, Chief Financial Officer of EHang; and Ms. Xiaona Lee, China General Manager of EHang.

(Image: Government officials and industry leaders witness the EH216-S’s first public flight in Hong Kong)

At the event, Mr. Simon Chan, Chairman of Hong Kong Cyberport, and The Hon Michael Wong delivered remarks, congratulating the successful completion of the first public flight and highlighting the strategic significance of pilotless human-carrying aviation technology to Hong Kong’s development of new quality productive forces and smart city initiatives.

(Image: EH216-S completes a smooth flight)

During the demonstration, the EH216-S took off smoothly from the Cyberport waterfront vertiport, performing vertical take-off and landing, low-altitude cruise, and hover maneuvers along pre-programmed routes, demonstrating stable flight performance and autonomous flight control capabilities. From August 28 to 30, the EH216-S will continue to conduct multiple public flight sessions at Cyberport to further validate and demonstrate system reliability and safety performance of pilotless eVTOL aircraft under regular, high-frequency operational scenarios. EHang is working closely with Kwoon Chung Smart Mobility Company Limited and Hong Kong Cyberport Management Company Limited to advance commercialization preparations under the Project in a rigorous and orderly manner.

(Image: The first phase of validation flights of EH216-S start in August)

As the world's first pilotless human-carrying eVTOL aircraft to receive the Type Certificate (TC), Production Certificate (PC), and Standard Airworthiness Certificate (AC) from CAAC, EHang is leveraging Hong Kong as a key gateway to accelerate the global expansion of its commercial deployment. In the next phase, the Project will leverage the safe and controlled testing environment of Regulatory Sandbox X to conduct systematic validation flights and accumulate substantial real-world operational data and experience. These insights will help inform the development and refinement of forward-looking regulatory frameworks and operational standards for pilotless eVTOL operations in Hong Kong and other markets, with the goal of making safe, efficient, and green air mobility accessible to people around the world.

Michael Wong, Deputy Financial Secretary and Head of the Working Group on Developing Low Altitude Economy, shared in his remarks at the ceremony: “Today’s inaugural trial flight of unconventional aircraft marks an important milestone in the development of Hong Kong’s low-altitude economy. We are grateful to Kwoon Chung, EHang and Cyberport teams for bringing this aircraft to Hong Kong. Building on the successful experience of the Low-altitude Economy Regulatory Sandbox launched in March last year, the Government has subsequently introduced ‘Regulatory Sandbox X’ to test more complex applications. The first batch of 33 pilot projects has been undergoing tests in phases since the first half of this year, including four non-conventional aircraft projects. The Government is also studying dedicated legislation for non-conventional aircraft, with drafting work targeted for completion in 2027. The National 15th Five-Year Plan clearly sets out the goal of promoting the healthy and orderly development of the low-altitude economy. The HKSAR Government is taking proactive steps to support this national development, positioning Hong Kong as a hub for innovative low-altitude applications in the Asia-Pacific region, and continuing to leverage Hong Kong’s strengths to contribute to our country’s needs.”

Simon Chan, Chairman of Cyberport, stated in his opening remarks, “The National 15th Five-Year Plan highlights the need to foster emerging industries such as the LAE, leveraging the LAE to lead the development of a more diversified digital and intelligent economy. Under the guidance of the HKSAR Government’s focus on developing the LAE, Cyberport actively supports the initiative as the venue partner for the Regulatory Sandbox, continuously enhancing low‑altitude flight support facilities and environments, supporting diversified application testing, and accumulating substantial operational data to accelerate technology translation and regularised applications. We look forward to joining hands with the Government and industry partners, connecting over 20 Cyberport companies focused on drone applications and LAE development, to foster a vibrant ecosystem of R&D and applications, attract innovation forces from Hong Kong and abroad, and help build Hong Kong into an international hub for innovative low-altitude applications.”

Timothy Wong, Executive Director of Kwoon Chung Bus, said: “Kwoon Chung Bus is honoured to join hands with Cyberport and EHang to advance the commercialisation of LAE in Hong Kong. As a pioneer in local public transport operations, KC Smart Mobility is not only a promoter of eVTOL operations, but also a builder of the ‘Smart Land‑Air Intermodal’ ecosystem. We are actively advancing multiple autonomous driving projects in Hong Kong by integrating ground autonomous fleets with low-altitude aerial routes, we aspire to create a one‑stop 3D travel experience of ‘ground connection and direct air access’ for Hong Kong citizens and visitors, fully supporting Hong Kong’s development into an international smart mobility model city.”

Mr. Zhao Wang, Chief Operating Officer of EHang, commented, "The first public flight of the EH216-S under the Project marks an important validation under the sandbox approach and further demonstrates the maturity of our technology standards and safety systems. The sandbox approach provides a practical pathway for validating emerging aircraft and establishing regulatory frameworks—providing real-world flight data generated in a safe and controlled environment to support regulatory assessment. EHang provides not only safe and reliable aircraft, but also integrated set of capabilities spanning technology standards, safety systems, and operational expertise. Our team’s experience in flight planning, regulatory compliance, and safety assurance has been instrumental in supporting the efficient implementation of this Project. For markets that have yet to establish regulatory frameworks for pilotless aircraft, the sandbox approach offers a replicable model for introducing pilotless aviation. Building on this sandbox model and our Global Fast Track Program, EHang will continue to expand across Asia and other global markets and steadily advance the commercialization and deployment of pilotless human-carrying eVTOL operations."

About EHang

EHang (Nasdaq: EH) is the world’s leading advanced air mobility (“AAM”) technology platform company, committed to making safe, autonomous, and eco-friendly air mobility accessible to everyone. The company develops and manufactures a diversified portfolio of pilotless electric vertical take-off and landing (“eVTOL”) aircraft for a wide range of use cases, including aerial tourism, intra-city transport, intercity travel, logistics and emergency firefighting. Its flagship model, EH216-S, has obtained the world’s first type certificate, production certificate and standard airworthiness certificate for pilotless eVTOL issued by the Civil Aviation Administration of China, and is now commercially operated under the country’s first Air Operator Certificates for human-carrying eVTOL services. Complementing this, EHang’s VT35 expands its reach into long-range and intercity scenarios, supporting the development of a multi-tiered low-altitude mobility network. By integrating advanced autonomous technologies with scalable operational infrastructure, EHang is redefining how people and goods move—across cities, regions, and natural barriers—shaping the future of air mobility. For more information, please visit www.ehang.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Statements that are not historical facts, including statements about management’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to those relating to certifications, our expectations regarding demand for, and market acceptance of, our products and solutions and the commercialization of AAM services, our relationships with strategic partners, and current litigation and potential litigation involving us. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that may cause EHang’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.

Investor Contact: [email protected]

Media Contact: [email protected]

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/478a463c-32ee-4a23-bdd3-b74cca81edde

https://www.globenewswire.com/NewsRoom/AttachmentNg/61e12416-4ef9-477f-b7fe-a6f0f753f6e6

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8x8, Inc. (NASDAQ: EGHT), a leading global business communications platform provider, reported that the customer interactions powered by 8x8 AI Studio have grown nearly 9x since its early availability launch in April 2026. Organizations across more than a dozen industries are already building and deploying AI agents in production on the 8x8 Platform for CX. That same breadth now extends to compliance: GDPR compliance and HIPAA-readiness mean 8x8 AI Studio is geared for regional and regulatory requirements.

What customers are building

None of the teams behind this growth are AI specialists. They describe what they need in plain language and have an agent working within days, with no IT project attached. Pricing is consumption-based, so teams pay only for what they use, with budget alerts and spend visibility down to the individual app and agent.

PrepayPower, Ireland’s leading pay-as-you-go electricity, gas, broadband and home heating provider, started with priority call routing and expanded to quality scoring across every completed call on the same platform.

"We started by solving one problem and kept going because it kept working," said Geoff Keenan, Digital Transformation Manager at PrepayPower. "Our highest-value customers get to the front of the queue without anyone touching it, and it worked so well we had to rethink how we staffed those queues. Every inbound call gets categorized and after-hours customers aren't left waiting. It's going to be very transformative for us, and honestly it already is."

LSH Auto, one of the UK's largest luxury automobile dealer groups, built reception coverage, customer routing, and everyday query handling across its locations without additional resources.

"We wanted our phones to do more than pass calls along, we wanted them to understand who's calling and why," said Chris Gensmantel, Chief Information Officer at LSH Auto. "With 8x8 AI Studio we built an agent that answers across our sites, identifies our high-value customers, and gets them to the right person quickly, while handling everyday questions like department hours on its own. It's genuinely clever, and it frees our team to look after the customers in front of them."

PrimeSource, a specialty branded building products company, built an internal IT triage agent in hours that answers employee questions, creates tickets automatically, and integrates directly with their IT ticketing system.

"What sold us on 8x8 AI Studio is that it isn't a one-trick pony," said Genelle Chamberlain, IT Manager at PrimeSource and Dimora Brands. "We use it across chat, web, email, and phone, all from one place. It's genuinely easy to work with, you guide the agent in plain language, set clear boundaries, and if it doesn't know something it asks rather than guessing. For us it's taking the repetitive fact-finding off our technicians so they can spend their time on the work that actually needs them."

Speed explains the pattern: an agent that once required several scoping calls and an extended implementation calendar along with professional services teams, now goes live inside a work week, so expanding is as easy as starting.

Easier for partners to position and deploy

8x8 AI Studio also extends new capabilities to partners managing 8x8 AI Studio on behalf of their own customers. Consolidated invoicing means partners running multiple customer accounts get one bill across their entire book of business instead of reconciling usage account by account. And a shared credit pool lets partners allocate spend across their customers themselves, shifting capacity where it's needed without a call to 8x8. Together with flexible commercial terms built for partners operating at scale, these updates turn 8x8 AI Studio into infrastructure partners can build a business on, not just a tool they resell.

The bigger shift

Analysts have been tracking this shift for some time. Organizations consistently say they would rather build their own AI agents than buy an off-the-shelf tool, and demand has never been the barrier. It’s been the integration work standing between the idea and a working agent.

"Metrigy's research shows that nearly 72% of organizations prefer custom AI agents — built internally or by partners — to ensure trust and leverage company-specific expertise, yet traditional AI agent solutions have required costly coding skills or complex drag-and-drop workflows that put that capability out of reach for most teams," said Irwin Lazar, President & Principal Analyst at Metrigy. "8x8 AI Studio directly addresses this gap by enabling anyone to build and deploy agents through natural language conversation, reflecting the broader democratization of AI that our data shows is now a top enterprise priority. With the vast majority of organizations in our 2026 study planning to deploy AI agents this year, 8x8's natural language approach is well-timed to help enterprises rapidly move from Agentic AI experimentation to production at scale.”

That integration gap is exactly what 8x8 AI Studio continues to close.

New capabilities extend what teams can build

One agent, every channel. An agent created once now runs across voice, SMS, WhatsApp, 8x8 Work, and an embeddable web widget; wherever businesses talk to customers. Teams stop building the same agent channel by channel, and versions stop drifting apart.Callers stop repeating themselves. Agents meet returning callers with the full history of every prior conversation, resolving issues faster and steering frustrated repeat callers away from the script that failed them last time.One record, no matter who answered. For contact centers running people and AI agents side by side, AI assistance now deploys directly to 8x8 Contact Center queues, surfacing answers and logging notes during live calls. Every summary lands in the interaction history supervisors already review.Agent-backed apps, no separate login. Organizations can put an AI agent behind an authenticated web app, whether it’s an internal dashboard, a customer portal, or another agent-backed tool, using 8x8 single sign-on or one-time codes. No separate authentication provider required."Everyone has seen the AI demo,” said Hunter Middleton, Chief Product Officer at 8x8, Inc. “Far fewer have seen AI survive contact with production, because between the two sits an integration project most organizations were never staffed to run. 8x8 AI Studio removed that project entirely, and the result is months of customers building agents themselves, in plain language, on infrastructure they already trust, and putting them to work in days. AI that demos well was never the hard part. AI that holds up in production, at this pace and across this many industries, is."

8x8 AI Studio remains available in early access for 8x8 customers, with no additional licensing required to access and a free tier for building and testing agents. To learn more, visit 8x8.com/products/ai-studio or connect with your 8x8 Channel Partner, Account Manager or Customer Success Manager.

8x8, Inc. is committed to the responsible use of artificial intelligence and the protection of customer data. The 8x8 Platform for CX is developed and operated in accordance with established security standards, applicable compliance frameworks, and internal governance policies, including privacy-by-design principles that safeguard personal data on the 8x8 platform. Full details are available at trust.8x8.com.

8x8 AI Studio supports compliance with GDPR and HIPAA through privacy practices, design, and the applicable Data Processing Addendums and Business Associate Agreements.

About 8x8, Inc.

8x8, Inc. (NASDAQ: EGHT) connects people and organizations through seamless communication on one of the industry's most integrated platforms for Customer Experience – combining Contact Center, Unified Communications, and CPaaS solutions. The 8x8® Platform for CX integrates AI to enable personalized customer journeys, drive operational excellence and insights, and facilitate team collaboration. As a business communications leader, the company helps customer experience and IT leaders around the world become the heartbeat of their organizations, empowering them to unlock the potential of every interaction. For additional information, visit www.8x8.com, or follow 8x8 on LinkedIn, X, and Facebook.

Caution Concerning Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding the capabilities, features, and expected benefits of 8x8 AI Studio; the anticipated availability, pricing, and adoption of 8x8 AI Studio; customer use cases and deployment outcomes; and the expected advantages of native AI integration on the 8x8 Platform for CX. Readers are cautioned that such forward-looking statements involve risks and uncertainties that could cause actual events or our actual results to differ materially from those expressed in any such forward-looking statements. Readers are directed to 8x8’s periodic and other reports filed with the Securities and Exchange Commission (SEC) for a description of such risks and uncertainties. 8x8 undertakes no obligation to update any forward-looking statements.

Copyright 2026 8x8, Inc. 8x8 and associated brand assets are trademarks of 8x8, Inc. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260827647127/en/

Bank of Nova Scotia (TSX:BNS) reported record quarterly earnings, beating analyst estimates as its capital markets unit posted stronger-than-expected results amid elevated market volatility.

Adjusted earnings per share came in at $2.28, ahead of the roughly $2.10 analysts had expected. Net income rose to $2.95 billion from $2.53 billion a year earlier, while revenue of $10.54 billion also beat forecasts. Adjusted return on equity was 14.2%.

The bank cited strength across its Canadian Banking, International Banking and Global Markets divisions. Canadian Banking posted its fifth consecutive quarter of margin expansion.

Shares of Scotiabank (TSX:BNS) jumped 4.7% in Toronto and 5% in New York.

Analysts at Jefferies said the outperformance in capital markets was the standout feature of the quarter, though they cautioned the market's reaction may be overweighting the contribution from trading and advisory activity. The firm noted that International and Domestic banking results were also solid, pointing to progress on management's strategic goals, and said the results could mark the start of a potential re-rating for the stock.

Jefferies raised its price target on Scotiabank (TSX:BNS) by $2 to $119, reflecting an increase to its 2027 earnings estimate, while cautioning that the elevated capital markets revenues seen in the quarter are unlikely to be sustained at the same pace going forward.

Adelante Capital Management LLC purchased a new position in shares of VICI Properties Inc. (NYSE:VICI – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,338,445 shares of the company’s stock, valued at approximately $35,536,000. VICI Properties comprises 2.3% of Adelante Capital Management LLC’s investment portfolio, making the stock its 13th biggest holding. Adelante Capital Management LLC owned about 0.12% of VICI Properties at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Gamco Investors INC. ET AL lifted its stake in shares of VICI Properties by 0.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 47,615 shares of the company’s stock worth $1,301,000 after acquiring an additional 384 shares during the period. Corrado Advisors LLC increased its stake in shares of VICI Properties by 0.8% during the first quarter. Corrado Advisors LLC now owns 50,301 shares of the company’s stock worth $1,374,000 after acquiring an additional 393 shares during the period. Beacon Investment Advisors LLC increased its stake in shares of VICI Properties by 3.4% during the fourth quarter. Beacon Investment Advisors LLC now owns 13,980 shares of the company’s stock worth $393,000 after acquiring an additional 455 shares during the period. Rehmann Capital Advisory Group raised its holdings in VICI Properties by 5.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 8,686 shares of the company’s stock worth $244,000 after purchasing an additional 483 shares in the last quarter. Finally, Physician Wealth Advisors Inc. raised its holdings in VICI Properties by 54.5% during the first quarter. Physician Wealth Advisors Inc. now owns 1,369 shares of the company’s stock worth $37,000 after purchasing an additional 483 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Down 0.9% Shares of NYSE VICI opened at $26.05 on Thursday. The stock has a market capitalization of $28.68 billion, a price-to-earnings ratio of 10.10 and a beta of 0.65. VICI Properties Inc. has a 52 week low of $25.81 and a 52 week high of $33.92. The firm has a 50-day moving average price of $26.51 and a 200 day moving average price of $27.80. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57.

VICI Properties (NYSE:VICI – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.09). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Equities research analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current fiscal year. VICI Properties Announces Dividend The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were given a $0.45 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.9%. VICI Properties’s dividend payout ratio (DPR) is currently 69.77%.

Wall Street Analysts Forecast Growth VICI has been the subject of a number of recent analyst reports. Scotiabank reduced their price objective on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Robert W. Baird set a $32.00 target price on VICI Properties in a research report on Thursday, July 30th. Cantor Fitzgerald cut their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Raymond James Financial set a $29.00 price target on VICI Properties in a report on Thursday, August 13th. Finally, Wells Fargo & Company decreased their price target on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.29.

Read Our Latest Research Report on VICI

VICI Properties Profile (Free Report)

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.

See Also Five stocks we like better than VICI Properties Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise Alcoa’s Gallium Project Opens a New Door Beyond Aluminum Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech Can Tesla’s Flying Roadster Distract From Its Real Risks?

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Main Street Capital (MAIN -0.07%) has paid a $0.30-per-share supplemental dividend to investors each quarter in 2026. That's on top of its steadily rising monthly dividend. The business development company (BDC) currently pays $0.265 per share each month, 3.9% above the year-ago level.

Here's a look at this supplemental income stream, which makes the BDC an even more compelling passive income investment.

Image source: Getty Images.

Dual income streams Main Street Capital's dividend policy aims to provide investors with a recurring monthly dividend they can bank on, along with significant additional value through supplemental dividends. It has paid supplemental dividends for 20 straight quarters, maintaining the current $0.30-per-share rate since early 2024. It has declared cumulative supplemental dividends of $8.74 per share since its 2007 IPO. The company pays supplemental dividends when its distributable net investment income (DNII) significantly exceeds its monthly dividend, or when it generates net realized gains and can maintain a stable or positive net asset value per share. It doesn't always make supplemental payments and has cut and suspended this additional dividend in the past.

The flexibility of the supplemental dividend enables Main Street Capital to pay a more secure monthly dividend. It sets this payment at a sustainable level. During the second quarter, its DNII covered the monthly dividend by 1.4 times. That gives it a comfortable cushion and room to grow. The BDC has grown its monthly dividend by 141% since its IPO, including 12 increases since the fourth quarter of 2021. It has never cut its monthly dividend since its IPO.

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Income comfort plus a bonus As a BDC, Main Street Capital must distribute 90% of its taxable net income to shareholders to remain in compliance with IRS regulations. Most BDCs pay one large dividend, typically quarterly, to reach their targeted payout level. If their income falls, which is common when interest rates decline, or the economy deteriorates, they need to reduce their dividends.

Main Street Capital's two-part dividend policy aims to address income sustainability issues while ensuring compliance. The base monthly dividend provides investors with significant comfort knowing that they can rely on this income stream. It grows steadily, which helps provide real income growth after inflation.

Meanwhile, the supplemental dividend serves two functions. It provides an outlet for the Main Street Capital to return excess taxable income to investors to remain compliant. That additional payment gives investors another meaningful income stream. It's not as durable as the monthly dividend, so they should view it as a bonus. However, there is some near-term visibility on this payment. The BDC has already announced it will pay a $0.30-per-share supplemental dividend in September. Additionally, CEO Dwayne Hyzak stated on the second quarter call that "we currently anticipate proposing an additional significant supplemental dividend payable in December 2026."

Get paid up to 16 times a year Main Street Capital offers two distinct income streams. It pays a base dividend on the 15th of every month, built on almost two decades of dependability. It tops that off with a supplemental dividend payment near the end of each quarter. While that second payment isn't guaranteed, Main Street has paid these dividends for 20 straight quarters and expects that trend to continue. That's up to 16 dividend payments each year. Main Street Capital's unique policy and frequent payments make it an enticing passive income investment.

It has been about a month since the last earnings report for UMB Financial (UMBF - Free Report) . Shares have lost about 3.3% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is UMB due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for UMB Financial Corporation before we dive into how investors and analysts have reacted as of late.

UMB Financial Q2 Earnings Beat on Y/Y Rise in NII, Expenses IncreaseUMB Financial reported second-quarter 2026 adjusted operating earnings per share of $3.57, beating the Zacks Consensus Estimate of $3.08. The bottom line also increased from $2.96 in the year-ago quarter.

The company delivered a strong quarterly performance, supported by solid growth in net interest income, higher non-interest income and continued loan growth. Improved efficiency and strong credit quality further supported the results.

Results include certain non-recurring items. After considering those, net income (GAAP basis) available to common shareholders was $271.8 million in the second quarter, up 26.2% from the year-ago quarter.

Revenues & Expenses Rise

Quarterly revenues were $786.9 million, rising 14.2% year over year. The metric beat the Zacks Consensus Estimate by 8.4%.

NII was $532.5 million, up 14% from the prior-year quarter.

On a fully-taxable-equivalent basis, the net interest margin was 3.32%, up 22 basis points year over year. The increase was primarily driven by favorable deposit repricing following lower short-term interest rates and growth in average loans and securities.

Non-interest income was $245.5 million, up 10.5% year over year. The increase was primarily driven by higher trust and securities processing income, other income, and brokerage income. These increases were partially offset by lower investment securities gains.

Non-interest expenses were $399.6 million, up 1.6% year over year. Second-quarter 2026 expenses included $1.7 million in total acquisition-related and other non-recurring costs. Operating non-interest expenses (adjusted basis) were $398 million, up 4.7% year over year.

The efficiency ratio declined to 48.4% from the prior-year quarter’s 53.4%. A decline in the efficiency ratio indicates an increase in profitability.

Loans & Deposit Balances Rise

Average loans for the second quarter were $40.6 billion, up 3.2% sequentially and 11.6% from the prior-year quarter. End-of-period loans stood at $41.1 billion as of June 30, 2026.

Average deposits remained flat sequentially and increased 3.5% year over year to $57.6 billion. Average interest-bearing deposits increased 3.9%, while non-interest-bearing demand deposit balances rose 2.1% from the prior-year quarter.

Credit Quality Deteriorates

Net charge-offs totaled $15.9 million, or 0.16% of average loans, compared with $15.5 million, or 0.17%, in the year-ago quarter.

Total non-accrual and restructured loans were $127.5 million compared with $97 million in the year-ago quarter.

The provision for credit losses was $28 million in the second quarter of 2026, up from $21 million in the prior-year quarter.

Capital Ratios Improve

As of June 30, 2026, the Tier 1 risk-based capital ratio was 12.02% compared with 11.24% as of June 30, 2025. The Tier 1 leverage ratio was 9.11% compared with 8.34% in the year-ago quarter. The total risk-based capital ratio was 13.80%, up from 13.46% a year ago.

In the second quarter of 2026, the company repurchased 38,158 common shares at a weighted average price of $132.10 for a total repurchase of $5 million.

Profitability Ratios Improve

Return on average assets at the second-quarter end was 1.55% compared with the year-ago quarter’s 1.29%.

Return on average common equity was 14.16% compared with 12.72% in the year-ago quarter.

OutlookThird Quarter 2026

Core net interest margin is expected to remain relatively flat from the second quarter adjusted level of 3.09%.

Operating noninterest expense is expected to be approximately $390 million.

Management expects deposit pipelines to remain healthy, although the deposit environment is expected to face seasonal pressure in the third quarter.

Loan growth pipelines are expected to remain strong, led by C&I lending across the company’s footprint.

2026

The effective tax rate is expected to remain between 20% and 22%.

Management expects positive operating leverage for 2026, even as contractual purchase accounting accretion is expected to be approximately $46 million for the remainder of the year.

How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended upward during the past month.

VGM ScoresCurrently, UMB has a average Growth Score of C, however its Momentum Score is doing a bit better with a B. Following the exact same course, the stock was allocated a score of B on the value side, putting it in the top 40% for value investors.

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

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

Performance of an Industry PlayerUMB belongs to the Zacks Banks - Midwest industry. Another stock from the same industry, Huntington Bancshares (HBAN - Free Report) , has gained 1.2% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.

Huntington Bancshares reported revenues of $2.86 billion in the last reported quarter, representing a year-over-year change of +42%. EPS of $0.39 for the same period compares with $0.38 a year ago.

Huntington Bancshares is expected to post earnings of $0.40 per share for the current quarter, representing no change from the year-ago quarter. Over the last 30 days, the Zacks Consensus Estimate has changed -1.2%.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Huntington Bancshares. Also, the stock has a VGM Score of D.

Key Takeaways SO's Georgia Power secured approval for an OpenAI deal that could add 3,200 MW of demand.OpenAI will cover project-specific infrastructure costs and make up to 1,000 MW of electricity load flexible.Georgia Power projects about $950 million in annual customer savings starting in 2029. Southern Company’s (SO - Free Report) largest electric subsidiary, Georgia Power, has received regulatory approval for a major electricity supply agreement with OpenAI, highlighting the growing investment opportunity created by the rapid expansion of artificial intelligence (AI) and data center infrastructure.

The agreement covers OpenAI’s planned project in Effingham County, Georgia, and could add approximately 3,200 megawatts (“MW”) of new electricity demand to Georgia Power’s system. The deal is significant not only because of its size, but also because it shows how utilities could benefit from the accelerating power needs of the AI economy.

A 3.2-GW Customer Is a Major AdditionA 3.2-GW electricity load is substantial. It is comparable to the output of several large conventional power plants and represents a meaningful increase in demand for Georgia Power.

The agreement comes as electricity consumption in the United States is entering a period of renewed growth. After years of relatively modest demand increases, utilities are now preparing for rapidly expanding requirements from AI, cloud computing, semiconductor manufacturing, industrial reshoring and population growth.

Georgia is emerging as an important destination for hyperscale data centers and AI infrastructure. For Southern Company, this creates an opportunity to expand its customer base and potentially generate higher revenues as large technology companies require increasingly large amounts of electricity.

Importantly, OpenAI has agreed to make up to 1,000 MW of its electricity demand flexible. This means Georgia Power could reduce power deliveries to the facility during periods of exceptionally high system demand.

That flexibility could help the utility manage peak loads without building generation capacity solely for the data center. From an investor perspective, this is an important feature because it could help balance growth in electricity demand with the cost of maintaining system reliability.

Protecting Existing CustomersOne of the biggest questions surrounding the data center boom is who ultimately pays for the massive infrastructure required to serve these facilities.

Utilities may need to invest in generation, transmission and distribution infrastructure to accommodate new large-load customers. If those costs are spread across the broader customer base, residential and smaller commercial customers could potentially face higher rates.

Georgia Power’s agreement with OpenAI takes a different approach. According to the SO’s Unit press release, OpenAI will cover the full cost of infrastructure specifically required to serve its project. That arrangement could help reduce the risk that existing customers are forced to subsidize the infrastructure associated with rapidly expanding data center demand.

SO’s Unit and regulators have also established a framework for large-load customers designed to protect existing customers from costs associated with new data centers and other major industrial users. For Southern Company investors, this regulatory structure could become increasingly important as the utility pursues additional large-load opportunities.

Potential Customer Savings Add Another PositivePerhaps the most notable aspect of the announcement is the projected benefit to Georgia Power customers.

The utility expects revenues from OpenAI and other previously announced large-load customers, combined with additional projected growth, to generate approximately $950 million in annual customer savings beginning in 2029. Over the 2029–2031 period, Georgia Power projects total customer benefits of approximately $2.847 billion. For a typical residential customer using 1,000 kilowatt-hours per month, the projected benefit is now expected to reach at least $15 per month, or $180 annually, starting in 2029. That represents an increase from the previously announced commitment of $102 per year in December 2025.

For investors, these figures suggest that large-load growth does not necessarily have to translate into higher costs for existing customers. If structured effectively, attracting major electricity users could help spread fixed system costs across a larger revenue base while allowing the utility to invest in infrastructure that supports long-term growth.

Why This Matters for Southern CompanyGeorgia Power serves approximately 2.8 million customers and is Southern Company’s principal electric utility subsidiary. The OpenAI agreement therefore represents more than a single customer contract—it is a potential indicator of the changing economics of the utility industry.

Southern Company already operates in a region benefiting from population growth, manufacturing investment and rising electricity consumption. The addition of AI and hyperscale data centers could further strengthen the company’s long-term demand outlook.

The company’s ability to secure large customers while requiring them to shoulder project-specific infrastructure costs could also offer an attractive model for managing the financial risks associated with the data center boom.

The agreement follows a July 2025 freeze on Georgia Power base rates and a separate plan approved in May 2026 to reduce overall rates, adding another layer to the utility’s evolving regulatory and financial outlook.

The Bottom Line for SO InvestorsThe OpenAI deal reinforces a broader investment thesis for Southern Company: electricity demand is becoming an increasingly valuable growth driver. The key issue for investors will be whether SO can convert surging AI and data center demand into sustainable earnings and cash-flow growth while controlling capital expenditures and protecting existing customers from unnecessary costs.

Georgia Power’s agreement with OpenAI provides several encouraging signals. The 3.2-GW load creates substantial potential demand, the flexible-load commitment could improve grid management, and OpenAI’s responsibility for project-specific infrastructure helps limit the financial burden on existing customers.

As AI development accelerates, electricity may become one of the most important physical inputs supporting the technology boom. Utilities capable of supplying that power efficiently—and under favorable regulatory structures—could become some of the unexpected beneficiaries of the AI investment cycle. For Southern, Georgia Power’s OpenAI agreement could be an important early example of that opportunity.

SO’s Zacks Rank and Key PicksCurrently, SO carries a Zacks Rank #3 (Hold).

Investors interested in the utility sector might look at some better-ranked stocks like CLP (CLPHY - Free Report) , Exelon (EXC - Free Report) and RWE AG (RWEOY - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

CLP is worth approximately $25.62 billion. CLP is a Hong Kong-based Asia-Pacific power company involved across the electricity value chain, including generation, transmission, distribution and retail, with a growing focus on renewable energy and storage.

Exelon is worth approximately $45.87 billion. Exelon is a U.S. regulated utility holding company that operates six transmission and distribution utilities serving nearly 11 million customers across several major U.S. markets.

RWE AG is worth approximately $48.69 billion. RWE is a Germany-based international power producer focused on renewable energy, including offshore wind, while also operating flexible conventional generation, storage and energy-trading businesses. 

NEW YORK, Aug. 31, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against UWM Holdings Corporation (NYSE:UWMC) and certain of the company’s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.

If you invested in UWM, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/uwm-holdings-class-action-lawsuit.

Key Details of the UWM ($UWMC) Class Action:

Lead Plaintiff Deadline: October 13, 2026Alleged Misconduct: Securities fraud alleging that UWM misrepresented its mortgage servicing rights hedging strategy and the risks created by hedging connected to the Two Harbors transactionStock Drop: August 6, 2026 – 34.78% Stock DropCourt: U.S. District Court for the Eastern District of MichiganAction: Contact BFA Law to discuss your rights Investors have until October 13, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in UWM securities. The class action is pending in the U.S. District Court for the Eastern District of Michigan. It is captioned Bond v. UWM Holdings Corporation et al., No. 26-cv-12862.

Why is UWM Being Sued for Securities Fraud?

UWM originates, sells, and services residential mortgage loans in the United States. In December 2025, UWM and Two Harbors Investment Corp., owner of RoundPoint Mortgage Servicing, signed an all-stock merger agreement valued at $1.3 billion.

According to the complaint, in March 2026, Two Harbors terminated the UWM agreement after CrossCountry Mortgage made a competing cash offer and agreed to pay UWM’s termination fee.

As alleged, UWM failed to disclose that it had deviated from its traditional strategy of not hedging its mortgage servicing rights by taking a major hedge position, that it over-hedged itself in anticipation of the Two Harbors transaction, and that its purported efforts to balance risk created excess hedging risk.

Why did UWM’s Stock Drop?

On August 5, 2026, after the market closed, UWM reported Q2 2026 financial results, including a $603.2 million interest rate derivatives loss which contributed to a $451.9 million second-quarter net loss. Total equity also fell 43.6% year over year, reflecting the net loss and derivative-related charges.

Then, on August 6, 2026, UWM disclosed that it “over-hedged” while protecting against the Two Harbors transaction and stated that UWM does not traditionally hedge its mortgage servicing rights. UWM further disclosed that when it was acquiring Two Harbors and a large mortgage servicing rights book, “it created a little more risk,” that UWM “did put a hedge on to protect against that risk,” and that “the Two Harbors transaction went away,” creating a hedge loss. On this news, UWM’s stock dropped $0.64 per share, or 34.78%, from a closing price of $1.84 per share on August 5, 2026, to $1.20 per share on August 6, 2026.

Click here for more information: https://www.bfalaw.com/cases/uwm-holdings-class-action-lawsuit.

What Can You Do?

If you invested in UWM, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/uwm-holdings-class-action-lawsuit

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360, and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.”  One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”

BFA’s notable successes include a recovery of over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/uwm-holdings-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

Tuesday, 25 August 2026 04:15 PM

Topic: 

Earnings Consolidated Quarterly Organic Net Sales Growth Reaches 14%

HOLLYWOOD, FL AND MIAMI, FL / ACCESS Newswire / August 25, 2026 / HEICO CORPORATION (NYSE:HEI.A)(NYSE:HEI) today reported an increase in net income of 33% to a record $235.4 million, or $1.67 per diluted share, in the third quarter of fiscal 2026, up from $177.3 million, or $1.26 per diluted share, in the third quarter of fiscal 2025. Net income increased 31% to a record $659.4 million, or $4.67 per diluted share, in the first nine months of fiscal 2026, up from $502.1 million, or $3.57 per diluted share, in the first nine months of fiscal 2025.

Net sales increased 23% to a record $1,413.1 million in the third quarter of fiscal 2026, up from $1,147.6 million in the third quarter of fiscal 2025. Operating income increased 34% to a record $355.2 million in the third quarter of fiscal 2026, up from $265.0 million in the third quarter of fiscal 2025. The Company's consolidated operating margin improved to 25.1% in the third quarter of fiscal 2026, up from 23.1% in the third quarter of fiscal 2025.

Net sales increased 21% to a record $3,967.3 million in the first nine months of fiscal 2026, up from $3,275.6 million in the first nine months of fiscal 2025. Operating income increased 30% to a record $965.5 million in the first nine months of fiscal 2026, up from $740.0 million in the first nine months of fiscal 2025. The Company's consolidated operating margin improved to 24.3% in the first nine months of fiscal 2026, up from 22.6% in the first nine months of fiscal 2025.

EBITDA increased 31% to $415.2 million in the third quarter of fiscal 2026, up from $316.4 million in the third quarter of fiscal 2025. EBITDA increased 28% to $1,135.5 million in the first nine months of fiscal 2026, up from $888.1 million in the first nine months of fiscal 2025. See our reconciliation of net income attributable to HEICO to EBITDA at the end of this press release.

Consolidated Results

Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Chairmen and Co-Chief Executive Officers, commented on the Company's third quarter results stating, "HEICO continued its excellent growth, with record quarterly net income, operating income and net sales supported by 14% consolidated organic net sales growth and contributions from our profitable fiscal 2026 and 2025 acquisitions.

Cash flow provided by operating activities increased 49% to $345.3 million in the third quarter of fiscal 2026, up from $231.2 million in the third quarter of fiscal 2025. We continue to forecast strong cash flow from operations for fiscal 2026.

Our total debt to net income attributable to HEICO ratio improved to 3.00x as of July 31, 2026, down from 3.14x as of October 31, 2025, and our net debt to EBITDA ratio improved to 1.57x as of July 31, 2026, down from 1.60x as of October 31, 2025. See our reconciliation of total debt to net debt at the end of this press release.

During the third quarter, we successfully completed the public offering of $550 million aggregate principal amount of 4.950% Senior Notes due August 1, 2031 and $650 million aggregate principal amount of 5.400% Senior Notes due August 1, 2036. We used the net proceeds from the offering to repay outstanding borrowings under our revolving credit facility.

For the remainder of fiscal 2026, we expect increased net sales at both the Flight Support Group and Electronic Technologies Group to continue to be supported by underlying demand for our products and contributions from recent acquisitions. We remain focused on identifying and evaluating acquisition opportunities that align with our strategic objectives. Our capital allocation strategy continues to prioritize investments in organic growth and acquisitions while preserving adequate liquidity and financial flexibility."

Flight Support Group

The Flight Support Group delivered record quarterly net sales and operating income in the third quarter of fiscal 2026, with operating income and net sales increasing 24% and 18%, respectively, as compared to the third quarter of fiscal 2025. These strong results were driven by continued organic net sales growth across all of our product lines, as well as contributions from our fiscal 2026 acquisitions.

The Flight Support Group's net sales increased 18% to a record $947.8 million in the third quarter of fiscal 2026, up from $802.7 million in the third quarter of fiscal 2025. The net sales increase resulted from strong organic growth of 12%, as well as the impact from our fiscal 2026 acquisitions. The organic net sales growth reflects increased demand across all of our product lines.

The Flight Support Group's net sales increased 18% to a record $2,697.2 million in the first nine months of fiscal 2026, up from $2,282.9 million in the first nine months of fiscal 2025. The net sales increase resulted from robust organic growth of 15%, as well as the impact from our fiscal 2026 and 2025 acquisitions. The organic net sales growth stems from increased demand across all of our product lines.

The Flight Support Group's operating income increased 24% to a record $245.3 million in the third quarter of fiscal 2026, up from $198.3 million in the third quarter of fiscal 2025. The operating income increase was principally derived from the previously mentioned net sales growth, an improved gross profit margin, and selling, general and administrative ("SG&A") expense efficiencies realized from the net sales growth. The improved gross profit margin principally reflects a more favorable product mix within our specialty products and aftermarket replacement parts product lines.

The Flight Support Group's operating income increased 25% to a record $689.1 million in the first nine months of fiscal 2026, up from $549.4 million in the first nine months of fiscal 2025. The operating income increase was driven by the previously mentioned net sales growth, an improved gross profit margin, and SG&A expense efficiencies realized from the net sales growth. The improved gross profit margin mainly reflects a more favorable product mix within our aftermarket replacement parts product line.

The Flight Support Group's operating margin improved to 25.9% in the third quarter of fiscal 2026, up from 24.7% in the third quarter of fiscal 2025. The operating margin increase arose chiefly from the previously mentioned improved gross profit margin.

The Flight Support Group's operating margin improved to 25.5% in the first nine months of fiscal 2026, up from 24.1% in the first nine months of fiscal 2025. The operating margin increase reflects the previously mentioned improved gross profit margin and decreased SG&A expenses as a percentage of net sales, primarily driven by the previously mentioned SG&A expense efficiencies.

Electronic Technologies Group

The Electronic Technologies Group's strong performance continued in the third quarter of fiscal 2026, with record operating income and net sales increasing 55% and 36%, respectively, as compared to the third quarter of fiscal 2025. These exceptional results were driven by robust organic net sales growth across most of our products, as well as contributions from our fiscal 2026 and 2025 acquisitions.

The Electronic Technologies Group's net sales increased 36% to a record $483.5 million in the third quarter of fiscal 2026, up from $355.9 million in the third quarter of fiscal 2025. The net sales increase reflects robust organic growth of 18% and the impact from our fiscal 2026 and 2025 acquisitions. The organic net sales growth is mainly attributable to increased demand for our other electronics, defense, and aerospace products.

The Electronic Technologies Group's net sales increased 28% to a record $1,313.7 million in the first nine months of fiscal 2026, up from $1,028.3 million in the first nine months of fiscal 2025. The net sales increase came from strong organic growth of 14% and the impact from our fiscal 2026 and 2025 acquisitions. The organic net sales growth is mainly attributable to increased demand for our other electronics, defense, aerospace, and medical products.

The Electronic Technologies Group's operating income increased 55% to a record $125.6 million in the third quarter of fiscal 2026, up from $81.0 million in the third quarter of fiscal 2025. The operating income increase principally reflects the previously mentioned net sales growth, SG&A expense efficiencies realized from the net sales growth, and an improved gross profit margin. The improved gross profit margin was mainly fueled by the previously mentioned higher net sales of our aerospace products.

The Electronic Technologies Group's operating income increased 36% to a record $320.6 million in the first nine months of fiscal 2026, up from $235.3 million in the first nine months of fiscal 2025. The operating income increase was predominantly propelled by the previously mentioned net sales growth, SG&A expense efficiencies realized from the net sales growth, and an improved gross profit margin. The improved gross profit margin principally reflects the previously mentioned higher net sales of our aerospace products, partially offset by a lower proportion of net sales from our space products.

The Electronic Technologies Group's operating margin improved to 26.0% in the third quarter of fiscal 2026, up from 22.8% in the third quarter of fiscal 2025. The Electronic Technologies Group's operating margin improved to 24.4% in the first nine months of fiscal 2026, up from 22.9% in the first nine months of fiscal 2025. The operating margin increase in the third quarter and first nine months of fiscal 2026 resulted from decreased SG&A expenses as a percentage of net sales, primarily driven by the previously mentioned SG&A expense efficiencies, and the previously mentioned improved gross profit margin.

Non-GAAP Financial Measures

To provide additional information about the Company's results, HEICO has discussed in this press release its EBITDA (calculated as net income attributable to HEICO adjusted for depreciation and amortization expense, net income attributable to noncontrolling interests, interest expense and income tax expense), its net debt (calculated as total debt less cash and cash equivalents), and its net debt to EBITDA ratio (calculated as net debt divided by EBITDA), which are not prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP").

These non-GAAP measures are included to supplement the Company's financial information presented in accordance with GAAP and because the Company uses such measures to monitor and evaluate the performance of its business and believes the presentation of these measures enhances an investor's ability to analyze trends in the Company's business and to evaluate the Company's performance relative to other companies in its industry. However, these non-GAAP measures have limitations and should not be considered in isolation or as a substitute for analysis of the Company's financial results as reported under GAAP.

These non-GAAP measures are not in accordance with, or an alternative to, measures prepared in accordance with GAAP and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. These measures should only be used to evaluate the Company's results of operations in conjunction with their corresponding GAAP measures. Pursuant to the requirements of Regulation G of the Securities Exchange Act of 1934, the Company has provided a reconciliation of these non-GAAP measures in the last table included in this press release.

(NOTE: HEICO has two classes of common stock traded on the NYSE. Both classes, the Class A Common Stock (HEI.A) and the Common Stock (HEI), are virtually identical in all economic respects. The only difference between the share classes is the voting rights. The Class A Common Stock (HEI.A) carries 1/10 vote per share and the Common Stock (HEI) carries one vote per share.)

There are currently approximately 84.5 million shares of HEICO's Class A Common Stock (HEI.A) outstanding and 55.2 million shares of HEICO's Common Stock (HEI) outstanding. The stock symbols for HEICO's two classes of common stock on most websites are HEI.A and HEI. However, some websites change HEICO's Class A Common Stock trading symbol (HEI.A) to HEI/A or HEIa.

As previously announced, HEICO will hold a conference call on Wednesday, August 26, 2026 at 9:00 a.m. Eastern Daylight Time to discuss its third quarter results. Individuals wishing to participate in the conference call should dial: US and Canada (800) 330-6710, International (646) 769-9200, wait for the conference operator and provide the operator with the Conference ID 2905092. A digital replay will be available two hours after the completion of the conference for 14 days. To access the replay, please visit our website at https://www.heico.com under the Investors section for details.

HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at https://www.heico.com.

Certain statements in this press release constitute forward-looking statements, which are subject to risks, uncertainties and contingencies. HEICO's actual results may differ materially from those expressed in or implied by those forward-looking statements. Factors that could cause such differences include, among others: the severity, magnitude and duration of public health threats; our liquidity and the amount and timing of cash generation; lower commercial air travel, airline fleet changes or airline purchasing decisions, which could cause lower demand for our goods and services; product specification costs and requirements, which could cause an increase in our costs to complete contracts; governmental and regulatory demands, export policies and restrictions, reductions in defense, space or homeland security spending by U.S. and/or foreign customers or competition from existing and new competitors, which could reduce our sales; our ability to introduce new products and services at profitable pricing levels, which could reduce our sales or sales growth; product development or manufacturing difficulties, which could increase our product development and manufacturing costs and delay sales; cybersecurity events or other disruptions of our information technology systems could adversely affect our business; and our ability to make acquisitions, including obtaining any applicable domestic and/or foreign governmental approvals, and achieve operating synergies from acquired businesses; customer credit risk; interest, foreign currency exchange and income tax rates; and economic conditions, including the effects of inflation, within and outside of the aviation, defense, space, medical, telecommunications and electronics industries, which could negatively impact our costs and revenues. Parties receiving this material are encouraged to review all of HEICO's filings with the Securities and Exchange Commission including, but not limited to filings on Form 10-K, Form 10-Q and Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

HEICO CORPORATION
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except per share data)

Three Months Ended July 31,

2026

2025

Net sales

$

1,413,050

$

1,147,591

Cost of sales

832,063

690,434

Selling, general and administrative expenses

225,790

192,138

Operating income

355,197

265,019

Interest expense

(35,904

)

(31,701

)

Other income

1,285

1,662

Income before income taxes and noncontrolling interests

320,578

234,980

Income tax expense

66,100

44,300

Net income from consolidated operations

254,478

190,680

Less: Net income attributable to noncontrolling interests

19,039

13,339

Net income attributable to HEICO

$

235,439

$

177,341

Net income per share attributable to HEICO shareholders:

Basic

$

1.69

$

1.27

Diluted

$

1.67

$

1.26

Weighted average number of common shares outstanding:

Basic

139,702

139,135

Diluted

141,269

140,950

Three Months Ended July 31,

2026

2025

Operating segment information:

Net sales:

Flight Support Group

$

947,803

$

802,661

Electronic Technologies Group

483,487

355,863

Intersegment sales

(18,240

)

(10,933

)

$

1,413,050

$

1,147,591

Operating income:

Flight Support Group

$

245,299

$

198,326

Electronic Technologies Group

125,565

80,998

Other, primarily corporate

(15,667

)

(14,305

)

$

355,197

$

265,019

Depreciation and amortization:

Flight Support Group

$

32,457

$

28,581

Electronic Technologies Group

26,634

20,297

Other, primarily corporate

(348

)

889

$

58,743

(c)

$

49,767

(c)

HEICO CORPORATION
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except per share data)

Nine Months Ended July 31,

2026

2025

Net sales

$

3,967,345

$

3,275,633

Cost of sales

2,361,869

1,975,010

Selling, general and administrative expenses

639,943

560,647

Operating income

965,533

739,976

Interest expense

(99,551

)

(97,024

)

Other income

3,583

3,217

Income before income taxes and noncontrolling interests

869,565

646,169

Income tax expense

160,000

(a)

103,400

(b)

Net income from consolidated operations

709,565

542,769

Less: Net income attributable to noncontrolling interests

50,137

40,680

Net income attributable to HEICO

$

659,428

(a)

$

502,089

(b)

Net income per share attributable to HEICO shareholders:

Basic

$

4.73

(a)

$

3.61

(b)

Diluted

$

4.67

(a)

$

3.57

(b)

Weighted average number of common shares outstanding:

Basic

139,544

138,993

Diluted

141,122

140,678

Nine Months Ended July 31,

2026

2025

Operating segment information:

Net sales:

Flight Support Group

$

2,697,230

$

2,282,905

Electronic Technologies Group

1,313,694

1,028,345

Intersegment sales

(43,579

)

(35,617

)

$

3,967,345

$

3,275,633

Operating income:

Flight Support Group

$

689,096

$

549,422

Electronic Technologies Group

320,620

235,334

Other, primarily corporate

(44,183

)

(44,780

)

$

965,533

$

739,976

Depreciation and amortization:

Flight Support Group

$

90,223

$

82,862

Electronic Technologies Group

74,834

59,334

Other, primarily corporate

1,328

2,673

$

166,385

(c)

$

144,869

(c)

HEICO CORPORATION
Footnotes to Condensed Consolidated Statements of Operations (Unaudited)

(a)

During the first quarter of fiscal 2026, the Company recognized a $22.3 million discrete tax benefit from stock option exercises, which, net of noncontrolling interests, increased net income attributable to HEICO by $21.8 million, or $.16 per basic share and $.15 per diluted share.

(b)

During the first quarter of fiscal 2025, the Company recognized a $27.2 million discrete tax benefit from stock option exercises, which, net of noncontrolling interests, increased net income attributable to HEICO by $26.5 million, or $.19 per basic and diluted share.

(c)

Depreciation and amortization information on the Company's two operating segments for the three and nine months ended July 31, 2026 and 2025, is as follows (in thousands):

Three Months Ended July 31,

Nine Months Ended July 31,

2026

2025

2026

2025

Depreciation:

Flight Support Group

$

7,732

$

7,096

$

21,770

$

20,283

Electronic Technologies Group

7,514

6,556

21,599

18,586

Other, primarily corporate

437

497

1,328

1,496

$

15,683

$

14,149

$

44,697

$

40,365

Amortization:

Flight Support Group

$

24,725

$

21,485

$

68,453

$

62,579

Electronic Technologies Group

19,120

13,741

53,235

40,748

Other, primarily corporate *

(785

)

392

-

1,177

$

43,060

$

35,618

$

121,688

$

104,504

* Corporate amortization expense for the three months ended July 31, 2026 reflects a year-to-date reclassification of debt issuance cost amortization associated with the Company's revolving credit facility from SG&A expenses to interest expense.

HEICO CORPORATION
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands)

July 31, 2026

October 31, 2025

Cash and cash equivalents

$

240,959

$

217,781

Accounts receivable, net

736,335

637,615

Contract assets

134,443

119,257

Inventories, net

1,447,885

1,295,336

Prepaid expenses and other current assets

165,869

86,377

Total current assets

2,725,491

2,356,366

Property, plant and equipment, net

478,326

431,710

Goodwill

4,356,143

3,661,624

Intangible assets, net

1,776,942

1,471,440

Other assets

599,709

579,294

Total assets

$

9,936,611

$

8,500,434

Current maturities of long-term debt

$

3,513

$

3,358

Other current liabilities

999,566

828,646

Total current liabilities

1,003,079

832,004

Long-term debt, net of current maturities

2,537,660

2,164,587

Deferred income taxes

181,511

107,186

Other long-term liabilities

571,536

550,124

Total liabilities

4,293,786

3,653,901

Redeemable noncontrolling interests

617,893

467,358

Shareholders' equity

5,024,932

4,379,175

Total liabilities and equity

$

9,936,611

$

8,500,434

HEICO CORPORATION
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)

Nine Months Ended July 31,

2026

2025

Operating Activities:

Net income from consolidated operations

$

709,565

$

542,769

Depreciation and amortization

166,385

144,869

Share-based compensation expense

34,439

18,346

Employer contributions to HEICO Savings and Investment Plan

17,892

14,186

Increase in accrued contingent consideration, net

7,973

8,974

Deferred income tax provision (benefit)

2,755

(28,789

)

Payment of contingent consideration

-

(2,190

)

Increase in accounts receivable

(58,724

)

(36,063

)

Increase in contract assets

(8,337

)

(20,305

)

Increase in inventories

(78,368

)

(60,157

)

Increase in current liabilities, net

24,533

13,147

Other

(2,207

)

44,153

Net cash provided by operating activities

815,906

638,940

Investing Activities:

Acquisitions, net of cash acquired

(1,018,164

)

(629,928

)

Capital expenditures

(54,104

)

(46,038

)

Investments related to HEICO Leadership Compensation Plan

(19,397

)

(21,689

)

Proceeds from corporate-owned life insurance policy withdrawals

22,654

-

Other

(3,858

)

(39

)

Net cash used in investing activities

(1,072,869

)

(697,694

)

Financing Activities:

Proceeds from issuance of senior unsecured notes

1,191,506

-

(Payments) borrowings on revolving credit facility, net

(815,000

)

220,000

Cash dividends paid

(34,889

)

(31,968

)

Acquisitions of noncontrolling interests

(29,345

)

(5,773

)

Distributions to noncontrolling interests

(25,820

)

(27,248

)

Redemptions of common stock related to stock option exercises

(4,924

)

(1,979

)

Debt issuance costs

(4,582

)

-

Payment of contingent consideration

-

(5,954

)

Proceeds from stock option exercises

5,294

11,680

Other

(2,234

)

(3,509

)

Net cash provided by financing activities

280,006

155,249

Effect of exchange rate changes on cash

135

3,290

Net increase in cash and cash equivalents

23,178

99,785

Cash and cash equivalents at beginning of year

217,781

162,103

Cash and cash equivalents at end of period

$

240,959

$

261,888

HEICO CORPORATION
Non-GAAP Financial Measures (Unaudited)
(in thousands, except ratios)

Three Months Ended July 31,

EBITDA Calculation

2026

2025

Net income attributable to HEICO

$

235,439

$

177,341

Plus: Depreciation and amortization

58,743

49,767

Plus: Net income attributable to noncontrolling interests

19,039

13,339

Plus: Interest expense

35,904

31,701

Plus: Income tax expense

66,100

44,300

EBITDA (a)

$

415,225

$

316,448

Nine Months Ended July 31,

EBITDA Calculation

2026

2025

Net income attributable to HEICO

$

659,428

$

502,089

Plus: Depreciation and amortization

166,385

144,869

Plus: Net income attributable to noncontrolling interests

50,137

40,680

Plus: Interest expense

99,551

97,024

Plus: Income tax expense

160,000

103,400

EBITDA (a)

$

1,135,501

$

888,062

Trailing Twelve Months Ended

EBITDA Calculation

July 31, 2026

October 31, 2025

Net income attributable to HEICO

$

847,724

$

690,385

Plus: Depreciation and amortization

217,592

196,076

Plus: Net income attributable to noncontrolling interests

64,626

55,169

Plus: Interest expense

132,404

129,877

Plus: Income tax expense

204,600

148,000

EBITDA (a)

$

1,466,946

$

1,219,507

Net Debt Calculation

July 31, 2026

October 31, 2025

Total debt

$

2,541,173

$

2,167,945

Less: Cash and cash equivalents

(240,959

)

(217,781

)

Net debt (a)

$

2,300,214

$

1,950,164

Total debt

$

2,541,173

$

2,167,945

Net income attributable to HEICO (trailing twelve months)

$

847,724

$

690,385

Total debt to net income attributable to HEICO ratio

3.00

3.14

Net debt

$

2,300,214

$

1,950,164

EBITDA (trailing twelve months)

$

1,466,946

$

1,219,507

Net debt to EBITDA ratio (a)

1.57

1.60

(a) See the "Non-GAAP Financial Measures" section of this press release.

Contact:

Victor H. Mendelson (305) 374-1745 ext. 7590
Carlos L. Macau, Jr. (954) 987-4000 ext. 7570

SOURCE: HEICO Corporation

Algert Global LLC grew its position in shares of Dana Incorporated (NYSE:DAN – Free Report) by 380.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 332,460 shares of the auto parts company’s stock after acquiring an additional 263,330 shares during the quarter. Algert Global LLC owned 0.31% of Dana worth $9,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DAN. Captrust Financial Advisors bought a new position in shares of Dana during the 2nd quarter valued at approximately $176,000. State of Tennessee Department of Treasury lifted its stake in shares of Dana by 10.7% during the 2nd quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock valued at $958,000 after buying an additional 5,405 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Dana by 3.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock worth $18,597,000 after buying an additional 27,712 shares during the period. Entropy Technologies LP boosted its holdings in shares of Dana by 266.2% in the third quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock worth $748,000 after acquiring an additional 27,116 shares during the period. Finally, Horizon Investments LLC purchased a new position in shares of Dana in the third quarter valued at $553,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes A number of research firms have recently issued reports on DAN. UBS Group dropped their price objective on shares of Dana from $39.00 to $38.00 and set a “buy” rating for the company in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Dana from $40.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Zacks Research lowered Dana from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 16th. Barclays boosted their price objective on shares of Dana from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, August 14th. Finally, Royal Bank Of Canada increased their target price on Dana from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $37.00.

Get Our Latest Stock Report on DAN Dana Stock Down 0.4% NYSE DAN opened at $30.04 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. Dana Incorporated has a 52 week low of $17.74 and a 52 week high of $39.56. The company has a market capitalization of $3.23 billion, a P/E ratio of 2.99 and a beta of 1.99. The stock’s 50-day moving average price is $28.11 and its 200-day moving average price is $32.06.

Dana (NYSE:DAN – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The auto parts company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.51). Dana had a return on equity of 4.07% and a net margin of 14.55%.The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. On average, equities research analysts predict that Dana Incorporated will post 1.93 earnings per share for the current year.

Dana Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, August 7th. Dana’s dividend payout ratio is currently 4.78%.

Dana Profile (Free Report)

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.

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A month has gone by since the last earnings report for Conmed (CNMD - Free Report) . Shares have added about 7.1% in that time frame, outperforming the S&P 500.

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

CONMED’s Q2 Earnings and Revenues Beat Estimates, Gross Margin ExpandsCONMEDposted adjusted earnings per share of $1.38 for the second quarter of 2026, up 20% year over year. The figure beat the Zacks Consensus Estimate by 25.5%.

The adjustments include costs related to legal matters and contingent consideration fair value adjustments, among others.

GAAP EPS for the quarter was 77 cents, up 11.6% from the year-ago period’s EPS of 69 cents.

CNMD's Organic Sales Gain MomentumCNMD’s second-quarter revenues of $343.5 million increased 0.3% year over year and beat the consensus estimate by 1.9%. International strength and growth across the company’s key AirSeal, Buffalo Filter and BioBrace platforms supported the quarter.

At constant currency, total revenues declined 0.5% year over year. However, excluding sales tied to CONMED’s strategic exit from certain gastroenterology product offerings, organic constant-currency revenues increased 6%.

Domestic sales totaled $175.4 million, down 8% on a reported basis. Excluding the GI exits, domestic organic revenues rose 2.5%. International sales reached $168.1 million, up 10.8% on a reported basis and 8.9% at constant currency. International organic constant-currency growth was 9.9%.

CONMED's Orthopedic Revenues IncreaseOrthopedic Surgery revenues totaled $152.3 million, up 8.2% year over year on a reported basis and 6.8% at constant currency. International orthopedic revenues advanced 10.8% at constant exchange rates, reflecting broad-based growth across major regions.

Domestic orthopedic sales were nearly flat and fell short of management’s expectations. Nonetheless, the company continued to strengthen its U.S. commercial organization. BioBrace was a major contributor, supported by adoption across orthopedic and foot-and-ankle procedures, particularly rotator cuff repair.

CNMD's General Surgery Business ImprovesGeneral Surgery revenues were $191.2 million, down 5.2% on a reported basis and 5.6% at constant currency. The decline reflected the impact of the GI portfolio exits. On an organic constant-currency basis, General Surgery sales increased 5.3%.

AirSeal and Buffalo Filter led the underlying growth. AirSeal sales increased across capital and single-use products and improved sequentially, but growth remained below management’s expectations. CONMED expects AirSeal trends to improve during the second half of 2026, but at a slower rate than previously assumed.

Direct smoke evacuation sales exceeded the company’s long-term expectation of high-single-digit to low-double-digit growth. This more than offset a modest decline in original equipment manufacturer smoke evacuation sales.

The company continues to prioritize its direct Buffalo Filter portfolio, which carries a stronger margin profile and brings CONMED closer to customers. Management also highlighted early commercial traction in Europe, Canada and Australia, along with expanding U.S. legislation requiring surgical smoke evacuation systems.

CONMED’s Margin AnalysisIn the quarter under review, CNMD’s adjusted gross profit increased 5.6% year over year to $204.4 million. The adjusted gross margin expanded 300 basis points (bps) to 59.5%. The improvement included an $8.5 million benefit from tariff refunds, which contributed nearly 250 bps to the year-over-year expansion.

In the quarter under review, CNMD’s reported gross profit increased 4.9% year over year to $197.5 million. The gross margin expanded 250 bps to 57.5%.

Selling & administrative expenses increased 7% year over year to $145.6 million. Research and development expenses rose 9.6% year over year to $15.5 million. Total operating expenses of $161.1 million increased 7.3% on a year-over-year basis.

Total operating profit totaled $36.4 million, reflecting a 4.6% decrease from the year-ago quarter. The operating margin contracted 50 bps to 10.6%.

CNMD’s Financial PositionThe company exited the second quarter with cash and cash equivalents of $37.3 million compared with $35 million a year ago.

Cumulative net cash provided by operating activities at the end of second-quarter 2026 was $50.6 million compared with $70.7 million a year ago.

CONMED’s GuidanceCNMD has updated its outlook for 2026.

For 2026, total reported revenues are expected to be in the range of $1,358 million-$1,373 million compared with the previous guidance of $1,350 million-$1,375 million. This represents a reported revenue decline of 1.2-0.1% year over year.

Organic constant-currency revenue growth is expected to be 5-6% compared with the prior projection of 5-6.5%. The revised outlook reflects second-quarter performance and a more measured pace of sequential growth improvement in the second half of 2026.

The company now expects adjustedearnings per share PS for 2026 in the range of $4.48-$4.60, up from its previous guidance of $4.30-$4.45. The raised outlook reflects better-than-expected second-quarter results, a lower projected headwind from the GI product exits and a higher contribution from share repurchases. These benefits are expected to be partly offset by higher interest expenses and an increased tax-rate assumption.

CONMED expects third-quarter revenues to be in the range of $334 million-$339 million. Organic constant-currency growth is projected to be between 6.4% and 7.6%, excluding anticipated GI revenues of $3 million-$3.6 million and an approximately 10-basis-point foreign currency impact. Adjusted earnings per share is expected to be between 98 cents and $1.03.

How Have Estimates Been Moving Since Then?It turns out, estimates review have trended downward during the past month.

VGM ScoresCurrently, Conmed has a average Growth Score of C, however its Momentum Score is doing a bit better with a B. Charting a somewhat similar path, the stock was allocated a grade of A on the value side, putting it in the top 20% for value investors.

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

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Conmed has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Key Takeaways Lam Research appears the better buy, with stronger AI exposure, earnings momentum and near-term visibility.LRCX sees AI driving NAND, DRAM, HBM, logic and packaging, with 2026 packaging revenue growth above 70%.Substrate shortages and foundry constraints are lengthening lead times and slowing MCHP's order fulfillment. Lam Research Corporation (LRCX - Free Report) and Microchip Technology Incorporated (MCHP - Free Report) both provide exposure to the semiconductor industry, but from very different angles. LRCX sells wafer-fabrication equipment used to manufacture increasingly complex chips, while MCHP supplies microcontrollers, analog and other embedded semiconductor products across diverse end markets.

Both companies are benefiting from improving demand and AI-related opportunities. However, differences in growth visibility, earnings momentum, balance sheet strength, valuation and market risks make this an interesting faceoff for investors looking for the better chip stock today.

Let’s find out which of the two is a better investment bet right now.

The Case for Lam Research StockRising semiconductor equipment demand is translating into strong financial growth for LRCX. In the fourth quarter of fiscal 2026, its revenues rose 30% year over year and 15% sequentially to $6.72 billion. Non-GAAP earnings per share (EPS) jumped nearly 37% year over year and 24% sequentially to $1.82. Non-GAAP gross margin expanded 210 basis points sequentially to 52%, while non-GAAP operating margin improved 340 bps to 38.4%. Pricing actions, operational and scale efficiencies, favorable product mix and efficient cost management drove margin improvement.

AI remains the biggest long-term catalyst. Lam Research now expects calendar year 2026 wafer-fabrication equipment spending in the low-$150 billion range and sees a strong setup for further growth in 2027. AI is driving investment in NAND, DRAM, high-bandwidth memory (HBM), gate-all-around transistors and advanced packaging. LRCX is well positioned because these technologies require more complex etch and deposition processes.

Memory is becoming an especially important growth engine for Lam Research. The company’s NAND revenues more than doubled sequentially in the fourth quarter as customers upgraded production toward 256-layer and higher devices. LRCX expects its served market per NAND wafer to double as customers move from 128-layer technology toward 500-plus-layer architectures.

Its Akara etch platform is also gaining adoption in advanced logic and DRAM. Advanced packaging provides another opportunity as AI chips increasingly rely on chiplets, HBM and larger package designs. The company expects advanced-packaging revenues to grow more than 70% year over year in 2026.

Lam Research's customer support business adds stability to the growth story. Customer support-related revenues reached nearly $2.47 billion in the fourth quarter, rising 43% year over year, supported by upgrades, services and Reliant products. The company is also expanding equipment-intelligence and automation offerings across its installed base.

Lam Research has a strong balance sheet. At the end of fiscal 2026, it had cash, cash equivalents and restricted cash balances of $5.58 billion and long-term debt of $3.73 billion. A strong balance sheet and robust cash flow generation capability have enabled it to enhance shareholders’ wealth through share repurchases and dividend payments. In fiscal 2026, the company generated operating cash flow of $5.86 billion and returned $5.12 billion to shareholders.

The Case for Microchip StockMicrochip is also delivering robust financial performance. In the first quarter of fiscal 2027, revenues soared 38% year over year to $1.49 billion, while non-GAAP EPS jumped more than 181% to 76 cents. Non-GAAP gross margin improved to 63.8% from 54.3% in the year-ago quarter, while non-GAAP operating margin expanded to 35.1% from 20.7%. Higher factory utilization, lower underutilization charges and improving demand helped profitability rebound quickly as the inventory correction eased.

The data center end market is emerging as Microchip’s strongest growth opportunity. The company forecasts total data-center revenues will reach about $1 billion in calendar year 2026, up roughly 69% from $591 million in 2025. In the first quarter of fiscal 2027, data center sales surged 97.8% year over year. MCHP expects momentum to extend further in 2027 as new design wins on PCIe Gen6 switches and retimers, storage and NVMe controllers, power-management products, microcontrollers, security chips, timing products and memory products would proceed to production next year.

Microchip also benefits from broad exposure to industrial, aerospace and defense, automotive and communications markets. In the first quarter, these markets grew 24.3%, 45.6%, 29.3% and 53.3%, respectively, from the prior-year period.

Demand indicators have improved. In the first quarter, Microchip registered its strongest bookings in about four years, with book-to-bill finishing well above 1. Distribution sell-through grew 17% sequentially. The company expects second-quarter revenues of $1.589-$1.618 billion, representing 7%-9% sequential growth.

Nonetheless, the company is facing substrate shortages, foundry constraints and pressure on outsourced assembly and test capacity, which are leading to longer lead times and limiting its capability to fulfill orders quickly. Microchip’s highly leveraged balance sheet remains a major concern. Cash and short-term investments were $272.3 million as of June 30, 2026 compared with long-term debt of $5.36 billion. Though the company’s $170 million net debt reduction during the first quarter helped it reduce the net debt-to-adjusted trailing EBITDA ratio, it remained well elevated. Net debt to adjusted trailing EBITDA fell to 2.85X as of June 30 from 3.54X as of March 31.

Though the company has been generating decent cash flows, a highly leveraged balance sheet may limit its capital allocation flexibility. In the trailing 12 months, Microchip has generated operating cash flow of approximately $1.2 billion and returned $985 million to shareholders through dividend payments. MCHP’s trailing 12-month cash flow and shareholders’ returns are significantly lower than LRCX’s.

LRCX vs. MCHP: Growth OutlookThe Zacks Consensus Estimate for Lam Research’s fiscal 2027 and 2028 revenues indicates year-over-year growth of 48.4% and 17.3%, respectively. The consensus mark for earnings calls for increases of 60.4% and 21.7%, respectively.

Microchip’s revenues are projected to increase 35.9% in fiscal 2027 and 16.9% in fiscal 2028. The Zacks Consensus Estimate for earnings calls for a rise of 121.3% for fiscal 2027 and 22.9% for fiscal 2028.

Looking at the two companies’ estimates, Lam Research outperforms on sales growth expectations, while Microchip has stronger earnings growth projections. Nonetheless, earnings estimate revision trends for the last 60 days indicate that analysts are turning more bullish toward LRCX’s long-term bottom-line growth potential.

LRCX Magnitude Consensus Estimate Trend (60 Days)
Image Source: Zacks Investment Research

MCHP Magnitude Consensus Estimate Trend (60 Days)
Image Source: Zacks Investment Research

LRCX vs. MCHP: Valuation and Share Price PerformanceMicrochip wins the valuation comparison. MCHP trades at a forward P/E multiple of 18.50, considerably below Lam Research's 32.66.

LRCX's higher multiple comes alongside much stronger stock momentum. LRCX shares have surged 83.9% year-to-date compared with MCHP's 15.6% gain. Lam Research's premium valuation reflects its greater exposure to AI-driven wafer-fab spending, stronger near-term revenue momentum and leadership in critical manufacturing technologies.

Final Verdict: Lam Research Is the Better BuyMicrochip offers a cheaper valuation, improving margins and promising data center growth. Substrate shortages and foundry constraints are lengthening lead times and slowing MCHP’s order fulfillment, which could hurt the company’s near-term growth prospects.

On the contrary, Lam Research has the stronger combination of earnings momentum, AI exposure, technology leadership, recurring service revenues and near-term visibility. Its valuation is richer, but rapid growth in NAND, advanced logic, DRAM and packaging offers stronger support for continued earnings expansion. For investors choosing between LRCX and MCHP today, Lam Research appears to be the better investment bet.

Currently, Lam Research carries a Zacks Rank #2 (Buy), making the stock a must-pick compared with Microchip, which has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Takeaways PPL shares fell 11% in six months, underperforming the electric power industry's 8.7% decline.PPL plans $23 billion in infrastructure investment for 2026-2029 as data center demand drives load growth. PPL trades above the industry P/E, while its ROE and net margin remain below industry averages. PPL Corporation’s (PPL - Free Report) shares have declined 11% in the past six months, wider than the Zacks Utility-Electric Power industry’s decline of 8.7%. The company also underperformed the Zacks Utilities sector in the same time frame.

PPL reported a negative earnings surprise in the last reporting quarter due to an increase in operating expenses. PPL faces increasing competition in the transmission market, which could weigh on operational performance, while unexpected disruptions may negatively impact its financial results.

Yet, the company is benefiting from growing data center demand, particularly in Pennsylvania and Kentucky, where these energy-intensive facilities are driving higher electricity consumption.

Price Performance (Six months)
Image Source: Zacks Investment Research

Another operator in the same space, FirstEnergy Corp. (FE - Free Report) , is making a substantial investment to strengthen its infrastructure to provide reliable services to customers. The company’s shares have declined 9.1% in the past six months.

Does PPL’s recent share-price weakness offer investors an attractive entry point? Let us examine the key factors that could determine whether PPL stock is worth adding to a portfolio at current levels.

Factors That Could Strengthen PPL’s Growth OutlookPPL continues to benefit from rising large-load demand, which is expected to support electricity consumption and infrastructure investment over the coming years. In Pennsylvania, advanced-stage data center demand increased 12% sequentially to 31.8 gigawatts (“GW”) in the second quarter of 2026. In Kentucky, the economic development pipeline expanded to 13.7 GW through 2032, including 11.6 GW from data centers, while signed reimbursement agreements climbed to 1.3 GW from 0.9 GW in the first quarter.

PPL plans to invest $23 billion in regulated infrastructure during 2026-2029, including $5.1 billion in 2026. These investments are aimed at strengthening system reliability, modernizing infrastructure and supporting carbon-emission reduction efforts. The capital plan is expected to drive average annual rate base growth of 10.3% through 2029 and does not include potential contributions from Invitium Energy. The program remains a key pillar of PPL’s regulated growth strategy over the current planning period.

More than 60% of PPL’s capital investment plan qualifies for “contemporaneous recovery,” which mitigates the effects of regulatory lag on earnings. This expedited recovery of capital expenditures enables the company to efficiently fund its long-term projects.

PPL remains focused on disciplined cost management to create value for both customers and shareholders. Management estimates that every $1 of O&M savings can support roughly $8 of capital investment without raising customer bills. The company achieved $170 million in annual run-rate O&M savings in 2025 and is targeting $175 million of O&M reductions in 2026 compared with 2021 levels. These efficiencies should help PPL maintain competitive utility rates, support affordability and enhance its ability to attract and retain customers.

Headwinds for PPL StockPPL continues to encounter competition in Pennsylvania's transmission market. Moreover, adverse weather conditions, cybersecurity incidents, equipment outages and fuel supply interruptions could disrupt operations and pressure the company's earnings and profitability.

PPL Stock’s Earnings Estimate Moving UpPPL expects 2026 earnings to be in the range of $1.90-$1.98 per share. The Zacks Consensus Estimate for PPL’s 2026 and 2027 earnings per share indicates year-over-year growth of 7.18% and 8.32%, respectively.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for FE’s 2026 and 2027 earnings per share indicates year-over-year growth of 7.45% and 7.74%, respectively.

PPL’s Long-term Debt to CapitalUtility operations are capital-intensive, and companies in this sector often need to borrow to fund long-term projects when internal resources are insufficient. The company is also borrowing funds to meet its capital requirements.

PPL’s current long-term debt to capital is 56.81% compared with its industry average of 54.37%. This shows the company is utilizing more long-term debt than peers to run its operations.

Image Source: Zacks Investment Research

Another utility, Exelon Corporation (EXC - Free Report) , is making substantial investments to strengthen its transmission and distribution lines to provide reliable services to its customers. Currently, debt to capital of Exelon is pegged at 63.06%, which is higher than its industry peers.

PPL Stock Trades at a PremiumPPL Corporation is currently valued at a premium compared with its industry on a forward 12-month P/E basis. The stock is trading at a P/E F12M of 16.8X compared with its industry’s 15.29X.

Image Source: Zacks Investment Research

Exelon is currently trading at a P/E F12M of 14.71X, a discount compared with its industry at a P/E F12M of 15.29X.

PPL’s Return Is Lower Than the IndustryReturn on equity (“ROE”) is a financial ratio that measures how well a company uses its shareholders’ equity to generate profits. The current ROE of the company indicates that it is using shareholders’ funds more efficiently than peers.

PPL’s trailing 12-month ROE is 9.33%, lower than the industry average of 11.4%.

Image Source: Zacks Investment Research

PPL’s Net Margin Lower Than IndustryNet margin measures the percentage of revenues retained as profit after deducting all expenses, taxes and interest. PPL’s net margin is currently pegged at 14.74% compared with the industry’s 15.81%.

Image Source: Zacks Investment Research

Rounding UpPPL Corporation is strengthening its grid through major infrastructure investments, IT modernization and an expanded $23 billion capital expenditure plan, which will assist in improving system reliability and resilience. The company is also benefiting from rising data center-driven load growth and timely rate recovery, which enables it to efficiently fund the long-term projects. PPL currently has Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

However, PPL Corporation is currently trading at a premium valuation, while its returns and net margin remain below the industry averages. Given these concerns, investors may prefer to wait now and look for a more attractive entry point.

Key Takeaways EME's Mechanical Construction revenues surged 31% to $2.3 billion on broad-based market demand.Margin fell 110 basis points to 12.5% as project mix shifted toward lower-margin work.Management expects project-mix pressure to persist through 2026 despite calling margins strong. EMCOR Group, Inc. (EME - Free Report) delivered strong growth in its Mechanical Construction business in the second quarter of 2026, with revenues rising 31% year over year to $2.3 billion. The increase was supported by broad-based demand across several markets. Within Mechanical Construction, network and communications revenues more than doubled, while institutional revenues increased 77%. Commercial revenues rose 26%, and manufacturing and industrial revenues grew 18%.

The strong top-line performance also translated into higher operating income, which increased 20.1% to $286.6 million. However, operating income grew at a slower pace than revenues, resulting in a 110-basis-point decline in operating margin to 12.5%. The margin pressure was mainly linked to project mix rather than weaker demand.

A higher share of projects where EMCOR serves as a construction manager or prime contractor affected profitability. The segment also handled more guaranteed maximum price and cost-plus work, which generally carries lower gross profit margins because of lower markups on materials, equipment and subcontractor costs. Water and wastewater and food-processing projects contributed to the shift in mix. Management expects this impact to remain through the rest of 2026.

The current margin level does not appear to signal a broader deterioration in the business. Management considers the 12.5% margin strong and said it remains in line with the segment’s average over the past 12-24 months. With Mechanical Construction generating substantial revenue growth across multiple end markets, the ability to manage project mix and protect margins will be important for converting continued demand into stronger earnings growth.

EMCOR and Its Key Infrastructure CompetitorsEMCOR competes closely with Quanta Services, Inc. (PWR - Free Report) and MasTec, Inc. (MTZ - Free Report) in the infrastructure and engineering construction market.

Quanta operates across utility, technology and load center markets, providing electrical, mechanical, civil and fabrication services. The company’s broad capabilities and long-standing customer relationships support its position in large and complex infrastructure projects. Quanta is also expanding across technology, power generation and utility markets, increasing exposure to several major infrastructure investment areas. However, exposure to utility capital spending and the timing of large project awards can affect the pace of growth.

MasTec maintains a diversified infrastructure platform spanning telecommunications, power delivery, clean energy and infrastructure, pipeline and mission-critical construction. This broad exposure allows MasTec to benefit from multiple infrastructure investment themes, including data center development, grid modernization, power generation and natural gas infrastructure. However, project timing across individual end markets can create variability, as seen with near-term deferrals in Communications despite strength across Power Delivery, Pipeline and Clean Energy & Infrastructure.

EMCOR’s execution-focused operating model, diversified end-market exposure and balanced project portfolio provide a competitive advantage in terms of stability and demand resilience. However, Quanta’s broad infrastructure capabilities and MasTec’s diversified infrastructure presence may shape competition as investment in digital and critical infrastructure continues to increase.

EME Stock’s Price Performance & Valuation TrendShares of this Connecticut-based infrastructure service provider have gained 20.9% year to date, outperforming the Zacks Building Products - Heavy Construction industry, the Zacks Construction sector and the S&P 500 Index.

Image Source: Zacks Investment Research

EME stock is currently trading at a premium compared with the industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 20.72, as evidenced by the chart below.

Image Source: Zacks Investment Research

Earnings Estimate Revision of EMEEME’s earnings estimates for 2026 and 2027 have moved upward in the past 30 days to $33.04 and $37.14 per share, respectively. The revised estimates for 2026 and 2027 imply year-over-year growth of 27.7% and 12.4%, respectively.

Image Source: Zacks Investment Research

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

Dollar Tree, Inc. (DLTR) Q2 2027 Earnings Call August 27, 2026 8:00 AM EDT

Company Participants

Daniel Delrosario - Senior VP of Investor Relations & Treasurer
Michael Creedon - CEO & Director
Stewart Glendinning - Chief Financial Officer

Conference Call Participants

Matthew Boss - JPMorgan Chase & Co, Research Division
Seth Sigman - Barclays Bank PLC, Research Division
Rupesh Parikh - Oppenheimer & Co. Inc., Research Division
Robert Griffin - Raymond James & Associates, Inc., Research Division
Michael Lasser - UBS Investment Bank, Research Division
Edward Kelly - Wells Fargo Securities, LLC, Research Division

Presentation

Operator

Greetings, and welcome to the Dollar Tree Q2 2026 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. [Operator Instructions] It's now my pleasure to turn the call over to Daniel Delrosario, Senior Vice President, Investor Relations and Treasurer.

Daniel, please go ahead.

Daniel Delrosario
Senior VP of Investor Relations & Treasurer

Thank you, operator. Good morning, everyone, and thank you for joining us today to discuss Dollar Tree's second quarter fiscal 2026 results. With me today are Dollar Tree's CEO, Mike Creedon; and CFO, Stewart Glendinning.

Before we begin, I would like to remind everyone that some of the remarks that we will make today about the company's expectations, plans and future prospects are considered forward-looking statements under the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties, which could cause actual results to differ materially from those contemplated by our forward-looking statements.

For information on the risks and uncertainties that could affect our actual results, please see the Risk Factors, Business and Management's Discussion and Analysis of Financial Condition and Results of Operations section in our annual report on Form 10-K filed on March 16, 2026, our most recent press release on Form 8-K and other

Beacon Pointe Advisors LLC purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 96,677 shares of the company’s stock, valued at approximately $11,693,000. Beacon Pointe Advisors LLC owned 0.05% of Dollar Tree as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently made changes to their positions in DLTR. Cullen Frost Bankers Inc. acquired a new position in shares of Dollar Tree in the 4th quarter valued at approximately $25,000. Reflection Asset Management acquired a new stake in shares of Dollar Tree during the 4th quarter worth approximately $25,000. Covestor Ltd boosted its position in shares of Dollar Tree by 60.9% during the 4th quarter. Covestor Ltd now owns 222 shares of the company’s stock worth $27,000 after acquiring an additional 84 shares in the last quarter. Basecamp Wealth Advisors LLC increased its stake in Dollar Tree by 59.9% in the first quarter. Basecamp Wealth Advisors LLC now owns 259 shares of the company’s stock valued at $28,000 after acquiring an additional 97 shares during the last quarter. Finally, EFG International AG bought a new position in Dollar Tree in the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Price Performance Dollar Tree stock opened at $128.26 on Friday. The stock’s 50 day moving average is $126.03 and its 200 day moving average is $114.77. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.13 and a quick ratio of 0.39. The firm has a market cap of $24.65 billion, a P/E ratio of 15.66, a P/E/G ratio of 1.39 and a beta of 0.64. Dollar Tree, Inc. has a one year low of $84.71 and a one year high of $142.40.

Dollar Tree (NASDAQ:DLTR – Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $1.55. Dollar Tree had a net margin of 8.03% and a return on equity of 38.61%. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the firm posted $0.77 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Dollar Tree has set its Q3 2026 guidance at 0.800-0.950 EPS and its FY 2026 guidance at 7.700-8.050 EPS. As a group, research analysts expect that Dollar Tree, Inc. will post 7.13 EPS for the current year. Dollar Tree declared that its Board of Directors has initiated a stock buyback plan on Thursday, July 2nd that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Key Headlines Impacting Dollar Tree Here are the key news stories impacting Dollar Tree this week:

Positive Sentiment: Dollar Tree reported second-quarter revenue of $4.89 billion, up 7% year over year and above estimates of approximately $4.86 billion. Adjusted earnings per share reached $2.70, substantially exceeding the $1.15 consensus, helped by higher markups, lower freight costs, reduced shrinkage and tariff-related refunds. Dollar Tree beats quarterly revenue estimates on steady demand Positive Sentiment: Comparable-store sales rose 3.7%, driven by a 3.3% increase in average ticket and positive customer traffic of 0.4%. Management also cited improving assortments and continued demand for affordable essentials. Dollar Tree Q2 earnings call highlights Positive Sentiment: Management raised full-year fiscal 2026 adjusted EPS guidance to $7.70–$8.05 from $6.70–$7.10. Dollar Tree also repurchased approximately 5.6 million shares for $605 million during the quarter, supporting per-share results. Dollar Tree lifts earnings outlook Neutral Sentiment: Dollar Tree is attracting more middle- and high-income shoppers seeking value, while lower-income customers remain pressured by the cost of necessities. This broadens the customer base but also highlights uneven consumer health. Dollar Tree attracts higher-income customers Negative Sentiment: Third-quarter adjusted EPS guidance of $0.80–$0.95 was well below the roughly $1.40 analyst expectation. Investors viewed the outlook as evidence that fuel costs, tariffs and reinvestment expenses could pressure profitability, overshadowing the second-quarter beat and the higher full-year forecast. Dollar Tree cites higher fuel prices as a headwind Analyst Upgrades and Downgrades Several equities research analysts have weighed in on DLTR shares. Evercore upgraded Dollar Tree from a “hold” rating to an “outperform” rating in a research note on Wednesday, July 8th. Benchmark assumed coverage on Dollar Tree in a research note on Wednesday, July 8th. They issued a “hold” rating on the stock. UBS Group boosted their price target on Dollar Tree from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Friday. Barclays downgraded Dollar Tree from an “overweight” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Finally, Truist Financial lifted their target price on Dollar Tree from $136.00 to $138.00 and gave the company a “buy” rating in a research report on Tuesday. Ten equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $129.18.

Check Out Our Latest Research Report on DLTR

About Dollar Tree (Free Report)

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.

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LYNCHBURG, Va.--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) announced today its selection to deploy its BWXT Advanced Nuclear Reactor (BANR) technology in support of the Janus program. Janus is a next-generation nuclear energy initiative led by the U.S. Army in partnership with the Defense Innovation Unit (DIU) to deliver reliable, resilient energy to support national defense missions and critical installations. The Janus Program launched in October 2025.

“Our long-standing strengths in reactor engineering innovation, TRISO fuel development and advanced nuclear manufacturing are the foundation of our BANR technology,” said Rex D. Geveden, BWXT president and chief executive officer.

Share The Army announced the first BANR will be deployed at Fort Campbell, Kentucky, located on the Kentucky-Tennessee border.

"The Janus Program is about transitioning from designs and experiments to reliable commercial hardware which secures our energy independence," said Dr. Jeff Waksman, Principal Deputy Assistant Secretary of the Army for Installations, Energy and Environment. "The Janus Program vendors were selected through a deeply rigorous evaluation on technical, financial, and organizational capabilities conducted by an All-Star panel of dozens of experts from across the nation. We look forward to working alongside each team as they proceed toward successfully completing the rigorous technical milestones we've agreed upon.”

“Our long-standing strengths in reactor engineering innovation, TRISO fuel development and advanced nuclear manufacturing are the foundation of our BANR technology,” said Rex D. Geveden, BWXT president and chief executive officer. “As we commence work on the Janus program, we are delivering the nation’s most credible and reliable path to deployable nuclear power. BANR is purpose built for mission success, and we are driving forward with the discipline, experience and proven capability that national security demands.”

BWXT will execute the Janus program under a phased contracting approach. The first phase includes working with the Army and DIU on final site selection within Fort Campbell, initiating nuclear regulatory processes with the Army and initiating TRISO fuel fabrication at existing BWXT facilities. Concurrently, BWXT will work with the customer and potential partners on establishing the operating company structure, characterizing the site, and preparing supply chains for long-lead procurements. BWXT is targeting groundbreaking for site construction in late 2028 with reactor operations commencing in the early 2030’s.

About BANR

BANR is a high temperature, gas-cooled nuclear reactor that utilizes TRISO, or TRi-structural ISOtropic, fuel. BANR is designed for critical infrastructure and can operate behind the meter or integrate with the grid, providing a safe, reliable and resilient energy solution. For Janus, a 20-megawatt electric version of BANR will be deployed.

Other features of the BANR technology:

Compact footprint with option for multi-unit layout (one reactor sits on less than 5 acres) Power output is scale-able by deploying multiple reactors on the same site Leverages existing qualified materials and commercially available components Can operate as cogeneration (electricity + process heat) or all-electricity Four-year refueling cycle; produces 75-megawatts of thermal energy BANR has received interest from multiple industries seeking a reliable, diversified source of energy, including Tata Chemicals Soda Ash LLC, which signed a letter of intent to explore deploying up to eight BANR units in Wyoming.

According to a U.S. Army announcement on the Janus selection process, the Army down selected five vendors to own, construct and operate nuclear microreactors at several military installations.

Forward-Looking Statements

BWXT cautions that this release contains forward-looking statements, including statements relating to the performance, design, suitability and impact of the BANR technology and engineering work to be undertaken by BWXT for the Janus program. These forward-looking statements involve a number of risks and uncertainties, including, among other things, modification or termination of the project, execution of future contracts and delays. If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see BWXT’s annual report on Form 10-K for the year ended December 31, 2025, and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. BWXT cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

About BWXT

At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. A U.S.-based company with more than 11,000 employees, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, nuclear medicine, space exploration and environmental restoration. BWXT owns and operates 19 manufacturing facilities globally, and its 14 strategic partnerships support the U.S. and Canadian governments at more than two dozen additional locations.

For more information, visit www.bwxt.com. Follow us on LinkedIn, X, Facebook and Instagram.

More News From BWX Technologies, Inc.

WILMINGTON, Del.--(BUSINESS WIRE)--Moody’s Investors Service has reaffirmed their ratings to WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS” or “the Company”) and WSFS Bank with issuer ratings of Baa2 and revised outlook to positive from stable. The change in outlook was driven by improved credit, sustained earnings and continued balance sheet strength, underscoring the resilience of the franchise and financial performance. Long-and short-term deposits of A2/Prime-1, together with a standalone Baseline Credit Assessment of baa1. Moody’s has also assigned Counterparty Risk Assessment of A3(cr)/Prime-2(cr) and Counterparty Risk Ratings (local and foreign currency) of Baa1/Prime-2.

Moody’s debt ratings for WSFS can be accessed here.

“Moody’s affirmation of our Baa2 investment-grade rating and its decision to revise our outlook to positive from stable reflects the strength of our diversified business model, disciplined risk management, and resilient balance sheet. We have continued to deliver strong financial performance while maintaining solid capital levels, a robust liquidity profile, and low reliance on wholesale funding. We believe the positive outlook underscores our continued momentum and long-term financial strength,” said David Burg, Executive Vice President and Chief Financial Officer, WSFS.

About WSFS Financial Corporation

WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. As of June 30, 2026, WSFS Financial Corporation had $22.7 billion in assets on its balance sheet and $101.7 billion in assets under management and administration. WSFS operates from 114 offices, 87 of which are banking offices, located in Pennsylvania (58), Delaware (38), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management, and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Trust Advisors, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, WSFS Wealth® Management, LLC, WSFS Institutional Services®, and WSFS Mortgage®. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.

Bamco Inc. NY acquired a new position in Cognex Corporation (NASDAQ:CGNX – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,251,099 shares of the scientific and technical instruments company’s stock, valued at approximately $90,605,000. Bamco Inc. NY owned approximately 0.74% of Cognex as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CGNX. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Cognex in the 2nd quarter worth $26,000. Geneos Wealth Management Inc. increased its stake in shares of Cognex by 402.2% during the first quarter. Geneos Wealth Management Inc. now owns 919 shares of the scientific and technical instruments company’s stock valued at $27,000 after buying an additional 736 shares during the period. Rakuten Securities Inc. bought a new stake in shares of Cognex in the second quarter valued at about $32,000. Elevation Wealth Partners LLC raised its holdings in shares of Cognex by 635.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 478 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 413 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in Cognex by 74.8% in the third quarter. CIBC Private Wealth Group LLC now owns 764 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 327 shares in the last quarter. 88.12% of the stock is owned by institutional investors.

Cognex Trading Up 3.2% Shares of NASDAQ:CGNX opened at $61.72 on Thursday. Cognex Corporation has a 12-month low of $34.60 and a 12-month high of $72.88. The company has a market capitalization of $10.38 billion, a PE ratio of 59.92 and a beta of 1.49. The business has a 50 day moving average of $64.60 and a two-hundred day moving average of $59.30.

Cognex (NASDAQ:CGNX – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. The business had revenue of $291.26 million for the quarter, compared to analyst estimates of $292.10 million. Cognex had a return on equity of 13.50% and a net margin of 16.05%.The business’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. Cognex has set its FY 2026 guidance at 1.640-1.680 EPS and its Q3 2026 guidance at 0.500-0.540 EPS. Equities research analysts predict that Cognex Corporation will post 1.68 earnings per share for the current fiscal year. Cognex Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, August 20th. Cognex’s dividend payout ratio (DPR) is currently 33.01%.

Wall Street Analysts Forecast Growth CGNX has been the subject of several analyst reports. Robert W. Baird set a $72.00 price target on shares of Cognex in a research report on Friday, May 8th. Cantor Fitzgerald lifted their price target on Cognex from $76.00 to $84.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Needham & Company LLC lifted their price objective on shares of Cognex from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, August 7th. UBS Group set a $75.00 price objective on shares of Cognex in a report on Tuesday, May 26th. Finally, Citigroup reiterated a “neutral” rating and issued a $74.00 price objective (up from $72.00) on shares of Cognex in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $75.64.

Get Our Latest Analysis on Cognex

Cognex Profile (Free Report)

Cognex Corporation is a leading provider of machine vision systems, software, sensors and industrial barcode readers used to automate manufacturing, logistics and distribution processes. The company designs and develops vision-based products that help manufacturers and logistics operators inspect, identify and guide parts, assemblies and packaged goods in real time. Its solutions are applied in a broad range of industries, including automotive, electronics, semiconductor, pharmaceutical, food and beverage, and general manufacturing.

The company’s product portfolio includes stand-alone vision systems, vision sensors and deep learning-based software platforms that enable automated inspection, quality control and traceability.

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A month has gone by since the last earnings report for Herc Holdings (HRI - Free Report) . Shares have added about 9.2% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Herc Holdings due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.

Herc Holdings Q2 Earnings Beat Estimates Herc Holdings reported second-quarter 2026 adjusted earnings of $1.43 per share, beating the Zacks Consensus Estimate of 76 cents by 88.2%. However, earnings declined on a year-over-year basis. Revenues of $1.20 billion surpassed the consensus mark of $1.15 billion by 4.8% and increased 20.2% year over year. This year-over-year increase was owing to a 23% increase in equipment rental revenues resulting from the larger fleet size after the H&E acquisition, higher mega-project activity and revenue synergies. Dollar utilization improved 100 basis points to 39.3%.

Adjusted EBITDA increased 18.8% year over year to $487 million. The adjusted EBITDA margin contracted 50 basis points to 40.4%, primarily due to higher fuel and transportation costs.

Equipment rental revenues increased 23.2% year over year to $1.07 billion. The business benefited from the expanded fleet, stronger volume on mega projects and cross-selling opportunities created by the H&E transaction. Sales of rental equipment rose 3.8% year over year to $110 million as Herc continued adjusting fleet mix to customer demand. Service and other revenues increased 11.1% year over year to $10 million, while sales of new equipment, parts and supplies fell 29.4% year over year to $12 million.

Average fleet size increased 20.4% year over year, primarily reflecting the H&E acquisition. The fleet totaled approximately $9.6 billion at original equipment cost at the end of June, while its average age remained 46 months.

Dollar utilization, which measures rental revenue relative to average fleet cost, rose to 39.3% from 38.3%. Compared with the prior-year pro forma figure, utilization improved 220 basis points as fleet efficiency strengthened and the mix shifted toward higher-return equipment. Fleet expenditures at original equipment cost totaled $451 million during the reported quarter.

Direct operating expenses increased 29.6% year over year to $491 million and represented 45.8% of equipment rental revenues (up from 43.6%). The increase reflected the acquired H&E operations, newer locations that require time to mature and higher transportation and fuel costs.

Rental equipment depreciation rose 24.1% year over year to $242 million because of the larger fleet. Non-rental depreciation and amortization increased 66.7% year over year to $75 million, mainly due to acquired intangible assets and business expansion.

Selling, general and administrative expenses increased 22% year over year to $155 million, but declined slightly as a percentage of equipment rental revenues to 14.5%. Interest expense climbed 46.5% year over year to $126 million, reflecting debt issued to finance the H&E acquisition.

Herc Holdings exited the second quarter with cash and cash equivalents of $43 million, flat sequentially. Long-term debt was $7.88 billion compared with $7.95 billion at the prior-quarter end. First-half operating cash flow increased to $591 million from $412 million. Free cash flow nearly doubled to $202 million from $103 million despite higher investment in rental equipment.

Herc Holdings increased its full-year equipment rental revenue guidance to $4.38-$4.48 billion from $4.28-$4.40 billion. The company now expects adjusted EBITDA of $2.05-$2.13 billion compared with its previous range of $2-$2.1 billion.

Net rental equipment capital expenditures are projected to be between $850 million and $950 million, up from $500-$800 million. Gross capital expenditures are now expected to be between $1.25 billion and $1.4 billion (prior view: $800 million to $1.1 billion).

Management expects incremental revenue synergies of $100-$120 million and incremental cost synergies of $90 million in 2026. The company targets fully realized annual cost synergies of $125 million by year-end. Full-year free cash flow is expected to range from $250 million to $350 million after strategic fleet investment.

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

The consensus estimate has shifted 27.31% due to these changes.

VGM ScoresCurrently, Herc Holdings has a average Growth Score of C, however its Momentum Score is doing a lot better with an A. Charting a somewhat similar path, the stock has a score of B on the value side, putting it in the second quintile for value investors.

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

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

Performance of an Industry PlayerHerc Holdings is part of the Zacks Transportation - Equipment and Leasing industry. Over the past month, Westinghouse Air Brake Technologies (WAB - Free Report) , a stock from the same industry, has gained 3%. The company reported its results for the quarter ended June 2026 more than a month ago.

Wabtec reported revenues of $3.18 billion in the last reported quarter, representing a year-over-year change of +17.5%. EPS of $2.76 for the same period compares with $2.27 a year ago.

Wabtec is expected to post earnings of $2.69 per share for the current quarter, representing a year-over-year change of +16%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Wabtec. Also, the stock has a VGM Score of D.

It has been about a month since the last earnings report for Meritage Homes (MTH - Free Report) . Shares have lost about 0.4% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Meritage due for a breakout? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent drivers for Meritage Homes Corporation before we dive into how investors and analysts have reacted as of late.

Meritage Homes Q2 Earnings Beat on Cost Savings, Revenues MissMeritage Homes reported second-quarter 2026 results, with adjusted earnings surpassing the Zacks Consensus Estimate but total closing revenues missing the same. Year-over-year , both metrics declined.

MTH’s Q2 Earnings & Revenue DiscussionAdjusted earnings were $1.42 per share, down 32.1% year over year but beat the Zacks Consensus Estimate of $1.30. The bottom line surpassed the consensus mark by 9.23%, aided by lower direct construction costs and improved operating leverage from the first quarter.

Total revenues (including Total Closing revenues and Financial Services revenues) were $1.408 billion, down 13.3% year over year.

Segment Details of Meritage HomesHomebuilding: Total home closing revenues were $1.4 billion, down 13.8% year over year and missed the consensus mark of $1.43 billion by 1.8%. Under the Homebuilding umbrella, home closing revenues declined 14.1% year over year to $1.388 billion, reflecting continued affordability pressures, volatile mortgage rates and cautious buyer sentiment. However, Land closing revenues rose to $12.72 million from $8.28 million a year ago.

Home closings totaled 3,725 units in the second quarter of 2026, down 11% from the year-ago period as softer selling conditions weighed on delivery volume. Home closing revenues declined 14% year over year to $1.39 billion, reflecting lower closings and a 4% decrease in average sales price. Average sales price on closings fell to $373,000 from $387,000 a year ago, primarily due to geographic mix. Product mix also had an impact, while Meritage Homes used incremental incentives in certain markets to move aged spec inventory.

Total home orders declined 9% year over year to 3,575 units. Home order value fell 11% to $1.38 billion, while average absorption pace decreased 19% to 3.5 sales per community per month from 4.3 a year ago. The lower absorption rate was partly offset by a 14% increase in average community count. Management noted that demand remained relatively stable sequentially, with no meaningful deterioration from the first quarter.

Meritage Homes ended the quarter with 340 active communities, up 9% year over year but down 1% sequentially as some communities closed earlier than expected and certain planned openings shifted into the third quarter. Quarter-end backlog totaled 1,715 homes, down 2% from the prior-year period, while backlog value declined 5% to $661.9 million.

Financial Services: Segment revenues fell 17.4% to $7.78 million, while segment profit slipped to $5.33 million from $5.61 million as results remained closely tied to home closing activity.

Meritage Homes’ Margins Benefit From Lower Direct CostsHome closing gross margin contracted 280 basis points year over year to 18.3%, reflecting lost leverage on lower revenues and higher lot costs. Adjusted home closing gross margin was 18.6% versus 21.4% a year ago, but improved 80 basis points sequentially as direct costs per square foot fell nearly 6% year over year and cycle times stayed below 110 days.

SG&A expenses declined 12% to $144 million, though SG&A as a percentage of home closing revenues increased 20 basis points to 10.4%. Net earnings fell 38% to $90.6 million, while the effective tax rate rose to 24.8% from 23.9% because of higher state income taxes.

MTH's Liquidity Supports Capital ReturnsMeritage Homes ended the second quarter with $807 million in cash and cash equivalents, up from $775 million at year-end 2025. The company’s debt-to-capital ratio stood at 26.8%, while net debt-to-capital was 17.1%. Meritage Homes also had no outstanding borrowings under its revolving credit facility, underscoring its solid liquidity position. The company increased the revolver size to $980 million and had $896.9 million available under the facility at quarter-end.

MTH returned $131 million to its shareholders through $100 million of share repurchases and $31 million of dividends. Land acquisition and development spending declined to $357 million from $509 million a year ago, while the company controlled 73,233 lots, equal to 5.2 years of supply.

MTH's Outlook Leans on Community GrowthFor the third quarter of 2026, Meritage Homes expects 3,300-3,600 home closings, home closing revenues of $1.26-$1.35 billion and home closing gross margin of around 18%. Earnings are projected at $1.10-$1.30 per share, with an effective tax rate of 24.5-25%.

For full-year 2026, management now expects home closing volume and revenues to be around 5% below 2025 levels, although revenues could trend lower if market conditions require higher incentives. Meritage Homes reiterated its 5-10% year-over-year community count growth target and said second-half volume growth is expected to come from community expansion rather than an improving demand environment.

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

The consensus estimate has shifted -13.23% due to these changes.

VGM ScoresCurrently, Meritage has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. However, the stock was allocated a score of B on the value side, putting it in the second quintile for this investment strategy.

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

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Meritage has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerMeritage is part of the Zacks Building Products - Home Builders industry. Over the past month, NVR (NVR - Free Report) , a stock from the same industry, has gained 1.2%. The company reported its results for the quarter ended June 2026 more than a month ago.

NVR reported revenues of $2.28 billion in the last reported quarter, representing a year-over-year change of -10.5%. EPS of $83.96 for the same period compares with $108.54 a year ago.

For the current quarter, NVR is expected to post earnings of $108.90 per share, indicating a change of -3.1% from the year-ago quarter. The Zacks Consensus Estimate has changed +0% over the last 30 days.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for NVR. Also, the stock has a VGM Score of D.

 | Source: Akamai Technologies, Inc.

CAMBRIDGE, Mass., Aug. 25, 2026 (GLOBE NEWSWIRE) -- Today, Akamai (NASDAQ: AKAM) announced an alliance with Deloitte Canada, highlighting their shared commitment to building proactive cyber resilience. This alliance helps solve complex business challenges by combining Deloitte’s world-class cybersecurity advisory and managed services with Akamai’s advanced security capabilities.

Modern chief information security officers (CISOs) face an escalating landscape in which advanced frontier AI models have accelerated vulnerability discovery to machine speed, drastically collapsing the window between threat identification and exploitation. Compounding this challenge is a fragmented ecosystem of siloed security tools that increase operational costs and complexity.

Deloitte and Akamai are addressing this by enabling platform-based resilience to help organizations match this new machine-speed threat. This platform-based resilience simplifies cybersecurity architectures, reduces tool sprawl, and boosts organizational agility.

The alignment supports Akamai’s strategic partner program goal of building on trusted solutions to move organizations away from reactive patching and toward proactive, platform-based resilience and containment.

Proven joint solution delivery

As an Akamai Elite Tier Global Systems Integrator partner, Deloitte provides leading professional services to nearly 90% of the Fortune Global 500® and thousands of private companies.

To counter the continuous, machine-speed interrogation of environments by advanced AI, Akamai and Deloitte will collaborate to deliver a robust defense-in-depth strategy powered by the enterprise-grade Akamai Application Protection Platform, including:

Microsegmentation (Akamai Guardicore Segmentation): Preventing lateral threat movement and accelerating Zero Trust maturityWAF/DDoS protection (Akamai App & API Protector and Akamai Prolexic): Safeguarding critical web applications and mitigating high-volume infrastructure attacksAkamai API Security: Discovering, monitoring, and securing vulnerable API endpoints
Deloitte guides organizations through an end-to-end transformation that operationalizes the Akamai Application Protection Platform to achieve long-term resilience. This includes:

Cohesive cyber strategy: Aligning security investments with stringent compliance and data privacy requirementsSecurity architecture and implementation: Providing specialized end-to-end delivery to seamlessly integrate Akamai solutions into existing workflowsFuture-ready growth: Empowering organizations to safely adopt emerging cyber technologies and accelerate secure cloud transformation and migration
Through continuous collaboration, knowledge sharing, and joint go-to-market initiatives, the partnership is committed to delivering sustained value and protection for organizations across North America.

Deloitte Canada was recently recognized as the Akamai 2025 North America Services Provider of the Year, underscoring its exceptional capability in executing these critical security integrations. In an era when AI-accelerated vulnerability discovery demands rapid remediation, this award highlights Deloitte’s proven track record of equipping clients with the decision velocity required to stay ahead of modern threats.

“Akamai and Deloitte Canada are offering solutions for security teams confronted with increased operational costs and complexity,” said PJ Joseph, Executive Vice President, Global Sales and Services at Akamai. “By shifting organizations away from fragmented, siloed tools toward a unified, proactive platform approach, this new alliance will help CISOs build true cyber resilience while accelerating digital transformation journeys.”

“This alliance reflects our shared dedication to helping clients navigate their most complex cybersecurity challenges,” said Alejandro Campos, Partner, Cyber Risk Services at Deloitte Canada. “By combining Akamai’s market-leading capabilities with our deep industry experience and end-to-end services, we enable organizations to simplify their security stacks, mitigate critical risks, and confidently embrace next-generation technologies.”

About Akamai

Akamai is the cybersecurity and cloud computing company that powers and protects business online. Our market-leading security solutions, superior threat intelligence, and global operations team provide defense in depth to safeguard enterprise data and applications everywhere. Akamai’s full-stack cloud computing solutions deliver performance and affordability on the world’s most distributed platform. Global enterprises trust Akamai to provide the industry-leading reliability, scale, and expertise they need to grow their business with confidence. Learn more at akamai.com and akamai.com/blog, or follow Akamai Technologies on X and LinkedIn.

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