Akcie Intelu se po 35% poklesu z červnového maxima obchodují za 84násobek upraveného zisku za posledních 12 měsíců, přestože tržby ve 2. čtvrtletí vzrostly o 25 % na 16,1 mld. USD.
Analysts with JPMorgan Chase upgraded Intel (INTC -0.70%) to neutral from underweight on Monday, Oct. 19, citing growing agentic artificial intelligence (AI) workloads and tight supplies of advanced chips. The chipmaker's stock gained around 2% that day, ending at $92.03.
Even after that bounce, shares are around 35% under their record close of $140.94 on June 22. And most of the drop has happened lately. The stock still closed above $127 as late as Sept. 24.
Sure, an upgrade to neutral isn't a call to buy, and I wouldn't buy or sell a stock based on an analyst's rating anyway. What matters more is how much investors now pay for what Intel earns. And by that measure, the stock has gotten far cheaper than its 35% drop suggests.
Image source: Intel.
Intel's earnings have nearly doubledWhen Intel set its record in June, its four most recently reported quarters came to non-GAAP (adjusted) earnings per share of just $0.57. That figure included a loss of $0.10 a share in the second quarter of 2025.
At $140.94, then, investors were paying almost 250 times Intel's adjusted earnings for the previous four quarters.
Intel's second-quarter results, released in July, changed that. Revenue rose 25% year over year to $16.1 billion, accelerating sharply from 7% growth in the first quarter and a 4% fall in the fourth quarter of 2025. And adjusted earnings per share climbed to $0.42, up from $0.15 in the fourth quarter of 2025 and $0.29 in the first quarter of 2026.
Combined, the past four reported quarters now total $1.09 a share in adjusted earnings -- nearly double the June number.
At around $92 as I write, Intel trades at about 84 times these earnings. It's still a steep price-to-earnings ratio. But it's around a third of where the ratio was at the record, even though the share price fell only about 35%. In other words, rising profits did more to cut the stock's price-to-earnings ratio than the falling share price did.
Intel's GAAP results look much worse. On that basis, the company lost $2.16 a share for the second quarter. But a non-cash charge of $2.45 a share more than accounted for the loss. The charge is linked to Intel stock held in escrow for the U.S. government under its CHIPS Act deal, so I'm leaning on the adjusted numbers here.
A step backThe next step is a smaller one, though. For the third quarter, management's guidance calls for $0.38 a share in adjusted earnings. This would be up 65% from $0.23 for the third quarter of 2025, but down from the second quarter's $0.42.
Revenue growth may slow, too. The midpoint of Intel's guidance range from $15.8 billion to $16.8 billion implies growth of around 19% year over year, after 25% for the second quarter.
If Intel earned $0.38 a share every quarter over a year, it'd make around $1.52. At around $92 a share, the stock would cost about 60 times that annual pace of earnings.
Demand for AI computing doesn't look like the issue.
"AI-driven compute continues to strengthen, and to support expected growth this year and next across products and foundry, we are meaningfully increasing our investments in equipment, clean room space, and substrates," CFO Dave Zinsner said in Intel's second-quarter earnings release.
Turning that demand into steadily rising earnings per share is what Intel still needs to prove. And the third-quarter guidance suggests the climb might not continue every quarter.
INTC Intel$91.05-$0.64 (-0.70%)
NASDAQ · As of 9:54 AM ET 10/21/26
Is the drop big enough?Based on expected earnings for 2027, Intel trades at around 44 times earnings. That price-to-earnings ratio arguably assumes Intel's profits can keep climbing well past the third quarter's pace. Intel posts third-quarter results on Thursday, Oct. 29, which might show whether the $0.38 forecast was cautious or the start of a flatter stretch.
Does the 35% drop make Intel stock a buy? I don't think so yet. The drop, plus a far stronger second quarter, has moved the price a lot closer to what Intel earns. But at around 84 times adjusted earnings in the past four quarters, the stock still prices in lots of growth that hasn't come yet.
I'd want to see adjusted earnings per share climb back above the second quarter's $0.42 before considering the stock at this price.
Oracle představila agentní aplikace Fusion Cloud pro HR, které v rámci schvalovacích a kontrolních mechanismů automatizují plánování pracovní síly, nábor i mzdové procesy.
New Fusion Claw applications help business and HR leaders achieve defined workforce outcomes with greater speed and confidence by continuously adapting and executing complex work with enterprise governance
, /PRNewswire/ -- HR Technology Conference -- Oracle today announced new Fusion Claw-powered agentic applications for HR. Oracle Fusion Claw is a governed agentic execution runtime that enables Fusion Agentic Applications to reason, compute, adapt, and execute specialist-grade work including deep research, computation, simulation, modeling, and continuous replanning. Built into Oracle Fusion Cloud Applications, the new Claw-powered agentic applications help organizations take on complex, high-value work more autonomously at scale, within established governance controls, from adapting staffing plans and aligning workforce demand with capacity to accelerating recruiting and payroll operations.
"Business and HR leaders need a complete view of their workforce to make faster, more confident decisions about skills, staffing, labor costs, and employee experience, but business is moving too quickly for them to connect, assess, and take all the actions on their own," said Lewis Thompson, senior vice president, Applications Development, Oracle. "With Claw-powered Fusion Agentic Applications for HR, business and HR leaders can reimagine the way they work by moving to governed action across core workforce processes. The applications reason across Oracle Fusion Applications data, provide context, coordinate the work required to meet business objectives, and carry out human-approved actions. This will help leaders drive stronger workforce outcomes with greater speed, consistency, and confidence."
Agentic Applications represent a new class of outcome-based applications that provide Fusion Applications customers with a system of outcomes, where people define the objectives, authority, and accountability and the Agentic Applications coordinate the process to get to an outcome, within those parameters. Fusion Claw enables Agentic Applications to take on more complex, specialist-grade work by providing a new execution runtime that supports larger-scale and longer-running work, continuous replanning, deterministic execution, and governed automation, within organizational policies and controls.
Running on Oracle Cloud Infrastructure, powered by industry-leading LLMs, and extending the world's most complete suite of cloud applications, the new Fusion Agentic Applications move beyond assistance to governed execution, helping business and HR leaders improve outcomes while maintaining established oversight and approvals. New Fusion Agentic Applications available within Oracle Fusion Cloud Human Capital Management (HCM) include:
Workforce Planning and Operations:
Workforce Orchestration: Develops workforce plans that balance demand shifts, cost, and operational continuity by evaluating development, redeployment, hiring, and external talent options, then coordinating and launching actions that are approved through organizational review.
Positions Command Center: Works to avoid potential disruptions from position changes by connecting position, employee, recruiting, cost, and approval data to surface conflicts and downstream risks, then routing recommended corrective actions for review and approval.
Talent Acquisition:
Candidate Sourcing: Allows organizations to fill priority roles faster and strengthens candidate pipelines by analyzing workforce demand, grouping candidates for appropriate action, and coordinating outreach, campaigns, and follow-up communications aligned with established recruiting processes and approvals.
Recruiting Command Center: Keeps hiring workflows on track by bringing together job, candidate, interview, feedback, offer, and demand data; highlighting recruiter actions and candidates ready to advance; and preparing next steps for recruiter consideration and approval.
Workforce Rewards and Payroll:
Workforce Compensation: Develops recommendations for fair, budget-aligned compensation plans by evaluating options against employer-defined criteria, budgets, pay guidelines, and relevant equity considerations, then preparing plans that align with organizational policies for human review and approval.
Payroll Command Center: Works to identify potential payroll issues and improve run readiness by reviewing employee data, imports, timecards, retroactive changes, and historical patterns at scale; highlighting issues and potential causes; and preparing recommended follow-up actions for review.
Payroll Activity Workspace: Supports payroll and financial reporting activities by comparing current pay, balances, and costs with prior periods; highlighting material variances; and preparing recommended follow-up actions for review and approval.
The new Claw-powered Fusion Agentic Applications are part of a broader Fusion AI ecosystem anchored by Oracle AI Agent Studio for Fusion Applications. With the Fusion Agentic Applications Builder and AI Studio Skill no-code and pro-code capabilities in Oracle AI Agent Studio, organizations can create and manage agentic applications using reusable Oracle, partner, and external agents. In addition, built-in observability, ROI measurement, and safety controls enable agents to deliver measurable value and operate responsibly at scale.
To learn more about Oracle Fusion Applications, visit www.oracle.com/applications
For employment-related workflows, organizations retain responsibility for employment decisions and can establish appropriate human oversight, approval processes, and controls consistent with their policies and applicable legal requirements.
About Oracle Fusion Cloud Applications
Oracle Fusion Cloud Applications are a complete suite of cloud applications that form the enterprise system of record, spanning finance, HR, supply chain, manufacturing, sales, service, and marketing. The suite includes Oracle Fusion Cloud Enterprise Resource Planning (ERP), Oracle Fusion Cloud Human Capital Management (HCM), Oracle Fusion Cloud Supply Chain & Manufacturing (SCM), and Oracle Fusion Cloud Customer Experience (CX).
Fusion Agentic Applications extend that foundation into a system of outcomes. They can coordinate and execute end-to-end work toward business objectives, and are designed to operate within the policies, controls, and authority each organization defines. With Oracle AI Agent Studio for Fusion Applications, customers and partners can create, extend, and manage these agents and agentic applications, combining trusted enterprise data with the security, data governance, and performance needed to operate at scale.
About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.
Trademarks
Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.
Southwest General rozšiřuje využití řešení Oracle pro sjednocení klinických, finančních a provozních dat, včetně systémů pro účetnictví pacientů a cloudových aplikací Fusion.
Oracle Health and Oracle Fusion Cloud Applications will help bring data together, streamline work, and support a more connected patient experience
, /PRNewswire/ -- Southwest General, a private, not-for-profit, acute care hospital in Middleburg Heights, Ohio, is expanding its relationship with Oracle. Building on its use of Oracle Health Foundation EHR and the recent integration of Oracle Health AI Agents, clinical note capabilities, to help automate routine administrative tasks and give physicians more time with patients, Southwest General is adopting Oracle Health Patient Accounting, Oracle Health Data Intelligence, and Oracle Fusion Cloud Applications. These applications will help unify clinical, financial, and operational information, simplify workflows, and support informed care decisions across the organization.
As an independent community-focused health center, Southwest General is working to alleviate administrative complexity created by disconnected financial, operational, and health information systems. By expanding its use of Oracle technology across the enterprise, Southwest General will build an integrated environment that helps its team access the right information when and where it needs it, reduce manual processes, and spend more time supporting patients throughout their healthcare journeys.
"At Southwest General, we are taking control of our digital transformation to build an environment that works better for our patients and for the people who care for them," said Jae Zayed, chief digital and information officer, Southwest General. "With Oracle, we are bringing our clinical, financial, and operational systems into a shared environment to better equip clinicians and staff with the information and tools they need to focus on what matters most—delivering high-quality care. This investment will help us improve the experience for our team and for the patients and families who rely on us."
Southwest General will use Oracle Health Patient Accounting to create a comprehensive view of key financial information for its revenue cycle team. By bringing billing, payments, claims, and account information into one system, Oracle Health Patient Accounting can help reduce manual work, support accurate billing and faster payment processing, and make it easier to address patient questions. Streamlining these processes can improve the experience for both patients and staff while supporting stronger revenue operations.
Oracle Health Data Intelligence will help Southwest General bring health data together in a central environment, making relevant patient information easier for its care team to access. With a more complete view of information they need, clinicians can make more informed care decisions, better coordinate care, and identify opportunities to improve the patient experience.
To complement these solutions, Southwest General plans to adopt the full Oracle Fusion Applications suite including: Oracle Fusion Cloud Enterprise Resource Planning (ERP), Oracle Fusion Cloud Enterprise Performance Management (EPM), Oracle Fusion Cloud Human Capital Management (HCM), Oracle Fusion Cloud Supply Chain & Manufacturing (SCM), and Oracle Fusion Cloud Customer Experience (CX). Together, these AI-powered enterprise applications will help Southwest General standardize processes, improve visibility into enterprise performance, and establish a scalable foundation for continued innovation.
"Our community deserves care and service supported by modern capabilities that help us meet today's healthcare challenges," said Darrell Lentz, chief financial officer, Southwest General. "Oracle is giving us the platform and unified data environment to leapfrog years ahead of industry leaders, helping our team make more contextually aware care decisions, manage the revenue cycle with greater confidence, and operate with greater agility. This is about raising the bar for the care and service we provide to our community."
"Healthcare organizations need connected systems that make it easy for people to do their best work and focus on the people they serve," said Seema Verma, executive vice president and general manager, Oracle Health and Life Sciences. "By connecting care delivery, revenue cycle, and enterprise operations with Oracle, Southwest General is equipping its team to work from a more complete picture and helping create a more coordinated, responsive experience for its community. Oracle is proud to support its continued leadership and innovation."
To learn more about how Oracle Health is helping transform healthcare, visit www.oracle.com/health.
About Southwest General
Southwest General Health Center is a private, not-for-profit, 368-bed acute care hospital located in Middleburg Heights, Ohio. Founded in 1920, Southwest General has a long-standing reputation for clinical excellence, compassionate care, and personalized service. The hospital is home to nationally recognized physicians and offers comprehensive, high-quality care supported by advanced technology and a commitment to continuous improvement. Dedicated to serving the communities southwest of Greater Cleveland, Southwest General partners with patients and families to deliver exceptional care close to home.
About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit www.oracle.com.
About Oracle Fusion Cloud Applications
Oracle Fusion Cloud Applications provide an integrated suite of AI-powered cloud applications that enable organizations to execute faster, make smarter decisions, and lower costs. Oracle Fusion Applications include:
Oracle Fusion Cloud Enterprise Resource Planning (ERP): Provides a comprehensive suite of AI-powered finance and operations applications that help organizations increase productivity, reduce costs, expand insights, improve decision-making, and enhance controls. Oracle Fusion Cloud Human Capital Management (HCM): Provides a unified AI-powered HR platform that connects all people-related processes and data to help organizations automate tasks throughout the employee lifecycle, improve the employee experience, and give HR leaders actionable workforce insights. Oracle Fusion Cloud Supply Chain & Manufacturing (SCM): Provides a unified AI-powered platform that integrates supply chain and operations processes and helps organizations enhance resilience and quickly adapt to market changes. Oracle Fusion Cloud Customer Experience (CX): Provides a suite of AI-powered applications that help organizations manage marketing, sales, and service processes to win business, build stronger customer relationships, and improve customer experiences. Trademarks
Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company, ushering in the new era of cloud computing.
Analytik společnosti TD Cowen uvedl, že Nvidia možná pomáhá Oracle získat financování datových center pro AI prostřednictvím záruk či podnájmů; žádná ze společností to nepotvrdila.
Oracle is burning through cash faster than it earns revenue, its credit rating sits one notch above junk, and a TD Cowen analyst now suspects its biggest chip supplier may be quietly backstopping the whole expansion.
On October 20, 2026, TD Cowen analyst Michael Elias wrote that Nvidia (NASDAQ:NVDA | NVDA Price Prediction) may be helping Oracle (NYSE:ORCL) secure lender funding for its AI data centers. Neither company has confirmed this, and the size of any support remains unquantified.
Oracle closed at $131.14, up 1.20%. Nvidia fell 0.29% to $216.47. Oracle’s small gain follows a 52.06% drop over the year. The stock is much cheaper, but the company may now be relying on its largest chip supplier to keep building.
Two Ways Nvidia Could Back Oracle’s Leases
Elias based his view on channel checks, which means conversations with people in the industry. He found that Nvidia may be giving Oracle “credit support” in one of two ways.
The first is a credit guarantee. Nvidia would stand behind Oracle’s lease payments, so data center owners still get paid if Oracle runs into trouble; the second is a sublease in which Nvidia would lease the buildings itself and then rent them to Oracle. In both cases, lenders would be counting on Nvidia’s stronger credit, which makes them more willing to fund construction.
Elias linked the agreement to Oracle’s reported five-year deal with Tencent. Under that deal, Tencent would lease about 100,000 advanced AI chips in Oracle data centers in Southeast Asia. The lease is estimated at about $7 billion, with roughly 30% paid upfront. That deal is still unconfirmed, and the countries involved have not been disclosed.
Oracle’s Cash Gap Explains Why It Would Want Help
Cloud infrastructure revenue grew 121% to $7.4 billion last quarter. But Oracle spent $28.5 billion on buildings and equipment, more than its total revenue of $19.3 billion, and free cash flow was negative $5.4 billion.
To keep building, Oracle sold $20 billion of stock during the quarter. It needs the capacity to deliver on $664 billion in remaining performance obligations, which is revenue customers have signed up for, but Oracle has not yet booked. S&P Global (NYSE:SPGI) cut Oracle to BBB-, its lowest investment-grade rating, in July. Back in January 2026, a separate TD Cowen report said lenders had roughly doubled the extra interest they charge Oracle for data center project loans.
Management has already said that some suppliers let Oracle pay for capacity as its own customers pay. Oracle also said it signed more than $30 billion of first-quarter contracts without putting in additional capital of its own.
Nvidia Has Already Described This Kind of Deal
On its August 26, 2026 earnings call, Nvidia described take-or-pay commitments. Under these, Nvidia pays for part of a facility’s capacity. It must pay whether or not it gets used, which gives lenders “the confidence to underwrite the project.” Colette Kress, who was chief financial officer on that call, added: “We’re not making loans.”
Nvidia has disclosed guarantee obligations capped at $108.5 billion. That call did not name Oracle as one of the companies receiving support, so TD Cowen’s view remains unconfirmed.
What Each Company Gains and Risks
Nvidia keeps demand for its chips strong. But it takes on the risk that a customer can’t pay, and that risk may not show up clearly on its balance sheet. On October 19, S&P warned that big tech companies may carry more AI-related obligations than they report. That adds to existing concerns about circular financing, where a supplier helps pay for purchases of its own products.
Oracle gets cheaper money to build with, but it becomes more dependent on Nvidia. For a company worth $397.4 billion, that is a reasonable price for keeping construction on schedule.
Oracle’s Valuation and Downgrade Risk Ahead of December Earnings
Oracle trades at about 18 times expected earnings, and analysts’ average price target is $249.11. If Nvidia’s support proves real, it would lower borrowing costs that helped drag the stock down.
The main risk is another downgrade. A cut below BBB- would put Oracle’s debt in the junk category, meaning below investment grade, and raise its borrowing costs across the board.
You can check this thesis against Oracle’s December earnings report. The bullish case has two requirements. Net cash capital spending, meaning spending after customer prepayments, must stay within Oracle’s guidance of not more than $70 billion for the year, and either company must confirm the support. The case breaks if free cash flow gets worse and no confirmation comes.
Contact [email protected] for any questions or corrections.
Moody's vykázala za čtvrtletí zisk na akcii (EPS) ve výši 4,14 USD, což je pod odhadem 4,25 USD, a tržby ve výši 2,02 mld. USD, rovněž pod konsensem analytiků.
Moody's (MCO - Free Report) came out with quarterly earnings of $4.14 per share, missing the Zacks Consensus Estimate of $4.25 per share. This compares to earnings of $3.92 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -2.59%. A quarter ago, it was expected that this credit ratings agency would post earnings of $4.24 per share when it actually produced earnings of $4.68, delivering a surprise of +10.38%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Moody's, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $2.02 billion for the quarter ended September 2026, missing the Zacks Consensus Estimate by 2.02%. This compares to year-ago revenues of $2.01 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Moody's shares have lost about 7% since the beginning of the year versus the S&P 500's gain of 12.7%.
What's Next for Moody's?While Moody's has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Moody's was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.62 on $1.93 billion in revenues for the coming quarter and $16.92 on $8.28 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Antalpha Platform Holding Company (ANTA - Free Report) , has yet to report results for the quarter ended September 2026.
This company is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of -64.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Antalpha Platform Holding Company's revenues are expected to be $11.45 million, down 45.6% from the year-ago quarter.
Allergan Aesthetics představí v Dubaji data, podle nichž všech osm pacientů užívajících léky typu GLP-1 na hubnutí zaznamenalo po třech měsících používání HArmonyCa™ viditelné zlepšení střední části obličeje.
Allergan Aesthetics will present eight scientific posters featuring new and long-term evidence across HArmonyCa™, JUVÉDERM®, SKINVIVE™ and BOTOX® Cosmetic
The latest HArmonyCa™ data reinforces its dual-action technology, supported by long-term clinical efficacy data and new findings in patients undergoing medical weight loss
The company will also host a series of events and educational activities, including a symposium highlighting its global portfolio approach to treatment with AA Signature™
, /PRNewswire/ -- Allergan Aesthetics, an AbbVie company (NYSE: ABBV) and a global leader in aesthetics, will showcase the latest scientific evidence and clinical education supporting its expanding global aesthetics portfolio at the Aesthetic & Anti-Aging Medicine World Congress (AMWC) Dubai, taking place October 21-23, 2026.
The program includes an expert-led symposium hosted by the Allergan Medical Institute (AMI), a global medical affairs symposium and multiple Meet the Expert sessions. Global and regional faculty will discuss the clinical evidence informing the AA Signature™ approach, which integrates treatments from across the Allergan Aesthetics portfolio into personalized treatment planning. The program will focus particularly on AA Signature™ Lift-Up and the introduction of HArmonyCa™ in the United Arab Emirates (UAE).
Following its recent launch in the UAE, HArmonyCa™, a hybrid facial injectable combining hyaluronic acid (HA) and calcium hydroxyapatite (CaHA), will be featured at AMWC Dubai. Developed by Allergan Aesthetics, HArmonyCa™ is a regenerative biostimulator powered by DART® (Dual Action Rejuvenating Technology), combining the immediate lifting effect of HA with the longer-term biostimulatory activity of CaHA.1
"This meeting brings together the science, clinical expertise and education that continue to shape the aesthetics field in the Middle East and beyond," said Darin Messina, Ph.D., senior vice president, head of aesthetics research and development, AbbVie. "The breadth of data to be presented at AMWC reflects Allergan Aesthetics' commitment to developing evidence-based portfolio approaches to treatment as the industry continues to evolve alongside patient needs. We are excited to introduce HArmonyCa™ and its Dual Action Rejuvenating Technology as part of the continued expansion of our aesthetics portfolio."
Data being presented at AMWC Dubai add to the clinical and scientific evidence supporting the Allergan Aesthetics portfolio and the products that form the AA Signature™ multimodal approach, including SKINVIVE™, HArmonyCa™ and BOTOX® Cosmetic (onabotulinumtoxinA).
As patients' aesthetic needs evolve over time, changes associated with medical weight loss can span facial volume, structure and skin quality, reinforcing the importance of personalized assessment and treatment planning that considers the patient more holistically. This research adds to the growing body of evidence investigating the use of the Allergan Aesthetics portfolio in patients navigating the effects of medical weight loss.
In a subgroup analysis of patients using glucagon-like peptide-1 (GLP-1) weight-loss medications, all eight participants treated with HArmonyCa™ showed visible midface improvement at three months, providing an early clinical signal for addressing facial volume changes in this emerging patient population. These findings offer preliminary evidence on the use of HArmonyCa™ in patients experiencing facial volume changes while undergoing GLP-1 medical weight loss.2
Additional clinical data being presented include patient-reported outcomes showing improvement in neck appearance and satisfaction after SKINVIVE™ treatment, alongside new original research examining patient-reported satisfaction, treatment benefits and motivations for retreatment among Middle Eastern patients receiving long-term, repeated BOTOX® Cosmetic treatment for upper facial lines. The majority of patients were satisfied with the effects of long-term repeated treatment upper forehead lines and reported feeling younger as a result of the treatment.4
On October 22, Allergan Aesthetics' global medical affairs team will bring together experts for the "Breakthrough Science in Aesthetics: New Frontiers in Clinical Outcomes and Care" symposium. Together, Dr. Mariola Galazka, Dr. Koenraad De Boulle and Dr. Mansi Mukherjee will discuss advances in neurotoxin science and innovation, long-term BOTOX® Cosmetic evidence and natural-looking outcomes of the portfolio, while highlighting the value of multimodal aesthetic approaches. They will also explore how emerging science can unlock new possibilities for key patient segments and shape the future of aesthetics.
Showcasing educational science
On October 21, AMI will host the "AA Signature™ Lift-Up Multimodal Approach with Regenerative Biostimulation" symposium. Dr. Raafat Lakis, Dr. Reha Yavuzer and Dr. Mariola Galazka will explore the AA Signature™ Lift-Up approach, HArmonyCa™ and DART® Technology as part of longer-term multimodal treatment planning. The program will also feature a live technique showcase and an expert panel discussion.
Practitioners can engage directly with faculty during Meet the Expert sessions at Allergan Aesthetics booth B16, covering the AA Signature™ Lift-Up approach, clinical considerations in facial neurotoxin treatment and the importance of building trust through clinical expertise.
Collectively, the program underscores Allergan Aesthetics' commitment to advancing personalized, evidence-led aesthetics.
Type
Title
Authors
BOTOX® Cosmetic
Original
Patient-Perceived Satisfaction and Benefits of
Long-Term OnabotulinumtoxinA for Upper
Facial Lines: A Sub-Analysis of Patients From
Middle Eastern Sites From a Global
Retrospective Chart Review and Cross-
Sectional Study
Mukherjee M, Aleisa
AM, Raza A,
Musumeci M
HArmonyCa™
Encore
Complete Analysis of a 24-Month Multicenter,
Evaluator-Blinded, Randomized, Parallel-
Group Study to Evaluate the Safety and
Effectiveness of a Hybrid Hyaluronic Acid and
Calcium Hydroxyapatite Injectable for Midface
Soft Tissue Augmentation
Humphrey S,
Demosthenous N,
Nikolis A, Urdiales
Gálvez F, Salomon M,
Schumacher A
Encore
Treatment of Midface Volume Deficits with a
Hybrid Hyaluronic Acid and Calcium
Hydroxyapatite Injectable in Participants
Undergoing GLP-1 Medical Weight Loss: A
Safety and Efficacy Subgroup Analysis from a
Pivotal Study
Humphrey S, Nikolis
A, Urdiales Gálvez F,
Demosthenous N,
Kus S, Kerson G,
Salomon M,
Schumacher A
Encore
An Evaluation of the Mechanism of Action of a
Hyaluronic Acid and Calcium Hydroxyapatite
Hybrid Injectable
Braz A, Chang N,
Urdiales Gálvez F,
Hariri S, Malkah N,
Nakab L
JUVÉDERM®/HA fillers
Encore
Patient Reported Satisfaction and Improvement
of Neck Appearance with VYC-12L: Results
From a Multicenter, Evaluator-Blinded,
Randomized, Controlled Study
Cox SE, Palm M,
Burgess C, Kazin R,
Nguyen T, Garcia JK,
Chawla S
Encore
Cross-linked Hyaluronic Acid Gel's Secondary
Effects on Dermal ECM Structure and Stability:
A Spatial Proteomics Study
Kutikov A, Pierce A,
Malkah N, Nakab L
Encore
Assessing the Potential for Injectable HA Gel
Displacement: A 3D Imaging Study in a Rat
Model
Pierce A, Ly J, Nakab
L, Kutikov A
Encore
Evaluation of Degradation Kinetics and
Biocompatibility of VYC-20L HA Dermal Filler in
a Rodent Model Using MRI and Histological
Analysis
Kutikov A, Nakab L
About Allergan Aesthetics
At Allergan Aesthetics, an AbbVie company, we develop, manufacture, and market a portfolio of leading aesthetics brands and products. Our aesthetics portfolio includes facial injectables, body contouring, plastics, skin care, and more. Our goal is to consistently provide our customers with innovation, education, exceptional service, and a commitment to excellence, all with a personal touch. For more information, visit www.allerganaesthetics.com.
About AbbVie
AbbVie's mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas including immunology, neuroscience and oncology – and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on LinkedIn, Facebook, Instagram, X and YouTube.
Forward-Looking Statements
Some statements in this news release are, or may be considered, forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," "project" and similar expressions and uses of future or conditional verbs, generally identify forward-looking statements. AbbVie cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Such risks and uncertainties include, but are not limited to, challenges to intellectual property, competition from other products, difficulties inherent in the research and development process, adverse litigation or government action, changes to laws and regulations applicable to our industry, the impact of global macroeconomic factors, such as economic downturns or uncertainty, international conflict, trade disputes and tariffs, and other uncertainties and risks associated with global business operations. Additional information about the economic, competitive, governmental, technological and other factors that may affect AbbVie's operations is set forth in Item 1A, "Risk Factors," of AbbVie's 2025 Annual Report on Form 10-K, which has been filed with the Securities and Exchange Commission, as updated by its Quarterly Reports on Form 10-Q and in other documents that AbbVie subsequently files with the Securities and Exchange Commission that update, supplement or supersede such information. AbbVie undertakes no obligation, and specifically declines, to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.
References
Braz A, Eduardo CC de P, Pierce A, et al. A Novel Hybrid Injectable for Soft-tissue Augmentation: Analysis of Data and Practical Experience. Plast Reconstr Surg Glob Open. 2024;12(9):e6190.
Humphrey S, Nikolis A, Urdiales Gálvez F, et al. Treatment of Midface Volume Deficits with a Hybrid Hyaluronic Acid and Calcium Hydroxyapatite Injectable in Participants Undergoing GLP-1 Medical Weight Loss: A Safety and Efficacy Subgroup Analysis from a Pivotal Study. To be presented at AMWC Dubai 2026; Dubai, UAE.
Humphrey S, Demosthenous N, Nikolis A, et al. Complete Analysis of a 24-Month Multicenter, Evaluator-Blinded, Randomized, Parallel-Group Study to Evaluate the Safety and Effectiveness of a Hybrid Hyaluronic Acid and Calcium Hydroxyapatite Injectable for Midface Soft Tissue Augmentation. To be presented at AMWC Dubai 2026; Dubai, UAE.
Mukherjee M, Aleisa AM, Raza A, Musumeci M. Patient-Perceived Satisfaction and Benefits of Long-Term OnabotulinumtoxinA for Upper Facial Lines: A Sub-Analysis of Patients From Middle Eastern Sites From a Global Retrospective Chart Review and Cross-Sectional Study. To be presented at AMWC Dubai 2026; Dubai, UAE.
EBay (EBAY.O) will lay off about 9% of its workforce as the online marketplace looks to simplify operations and shift resources to its fastest-growing areas, CEO Jamie Iannone told staff in a memo that was reviewed by Reuters.
A spokesperson for eBay confirmed the layoffs to Reuters on Wednesday.
The move will eliminate around 1,100 jobs, based on the 12,300 employees eBay had at the end of last year. The company also let go about 6% of its workforce, or 800 employees, in February as part of efforts to streamline operations.
EBay has set itself apart from rivals by pushing into authenticated luxury goods, collectibles and refurbished products, which draw enthusiasts willing to pay more for valuable items. That has helped its shares rise nearly 40% this year, outperforming the benchmark S&P 500's around 12% gain.
"Our strategy is working," Iannone said in the memo, adding that "continuing to capture the significant opportunity ahead requires us to make thoughtful choices about where we focus and invest."
He said affected staff would be informed in the coming days.
Shares of eBay were down 1.8% in premarket trading.
The company has this year also benefited from its $1.4 billion deal for fashion resale platform Depop, which expanded its reach among younger consumers and strengthened its position in the growing re-commerce market.
That helped eBay forecast third-quarter revenue above Wall Street estimates when it last posted results, in August. The company is slated to report latest earnings next week.
Those efforts have also caught the eye of GameStop CEO Ryan Cohen, who made an unsolicited $56 billion bid for the much larger eBay in May. EBay had rejected the offer, saying that it was "neither credible nor attractive."
Duke Energy (DUK - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this electric utility have returned +4.3%, compared to the Zacks S&P 500 composite's +0.7% change. During this period, the Zacks Utility - Electric Power industry, which Duke Energy falls in, has gained 2.4%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Duke Energy is expected to post earnings of $1.87 per share for the current quarter, representing a year-over-year change of +3.3%. Over the last 30 days, the Zacks Consensus Estimate has changed -1.7%.
For the current fiscal year, the consensus earnings estimate of $6.72 points to a change of +6.5% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $7.15 indicates a change of +6.5% from what Duke Energy is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Duke Energy is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Duke Energy, the consensus sales estimate of $8.9 billion for the current quarter points to a year-over-year change of +4.2%. The $33.81 billion and $35.57 billion estimates for the current and next fiscal years indicate changes of +4.9% and +5.2%, respectively.
Last Reported Results and Surprise HistoryDuke Energy reported revenues of $7.59 billion in the last reported quarter, representing a year-over-year change of +1.1%. EPS of $1.43 for the same period compares with $1.25 a year ago.
Compared to the Zacks Consensus Estimate of $7.71 billion, the reported revenues represent a surprise of -1.59%. The EPS surprise was +10.85%.
Over the last four quarters, Duke Energy surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Duke Energy is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Duke Energy. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Pinterest za poslední měsíc posílil o 25 %, přesto mu Zacks přisoudil hodnocení Zacks Rank #4 (Sell), které naznačuje možné zaostávání za širším trhem v nejbližší době.
Pinterest (PINS - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this digital pinboard and shopping tool company have returned +25%, compared to the Zacks S&P 500 composite's +0.7% change. During this period, the Zacks Internet - Software industry, which Pinterest falls in, has gained 1.9%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Pinterest is expected to post earnings of $0.50 per share, indicating a change of +31.6% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The consensus earnings estimate of $2.06 for the current fiscal year indicates a year-over-year change of +28.8%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.35 indicates a change of +14.2% from what Pinterest is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Pinterest is rated Zacks Rank #4 (Sell).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Pinterest, the consensus sales estimate of $1.2 billion for the current quarter points to a year-over-year change of +14.4%. The $4.89 billion and $5.54 billion estimates for the current and next fiscal years indicate changes of +15.9% and +13.2%, respectively.
Last Reported Results and Surprise HistoryPinterest reported revenues of $1.18 billion in the last reported quarter, representing a year-over-year change of +18.2%. EPS of $0.43 for the same period compares with $0.33 a year ago.
Compared to the Zacks Consensus Estimate of $1.15 billion, the reported revenues represent a surprise of +2.39%. The EPS surprise was +19.44%.
Over the last four quarters, Pinterest surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Pinterest is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Pinterest. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
Parkway Wealth Management Group LLC reduced its position in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 44.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,256 shares of the semiconductor manufacturer’s stock after selling 4,241 shares during the period. Parkway Wealth Management Group LLC’s holdings in Micron Technology were worth $5,599,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. M.E. Allison & CO. Inc. boosted its holdings in shares of Micron Technology by 0.8% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock worth $1,528,000 after purchasing an additional 11 shares during the period. Purus Wealth Management LLC raised its stake in shares of Micron Technology by 1.4% in the third quarter. Purus Wealth Management LLC now owns 814 shares of the semiconductor manufacturer’s stock valued at $867,000 after acquiring an additional 11 shares during the period. Ables Iannone Moore & Associates Inc. lifted its holdings in shares of Micron Technology by 5.3% in the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer’s stock worth $252,000 after acquiring an additional 12 shares during the last quarter. Koesten Hirschmann & Crabtree INC. lifted its stake in Micron Technology by 5.6% in the third quarter. Koesten Hirschmann & Crabtree INC. now owns 228 shares of the semiconductor manufacturer’s stock worth $243,000 after purchasing an additional 12 shares during the last quarter. Finally, Cherrydale Wealth Management LLC raised its holdings in shares of Micron Technology by 1.4% in the second quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock worth $1,122,000 after buying an additional 13 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.
Key Stories Impacting Micron Technology Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: Micron announced funding for Indium Corporation’s critical-minerals and high-purity materials processing expansion in New York. The investment, part of Micron’s planned U.S. supply-chain spending of up to $3 billion, is intended to improve access to materials needed for advanced memory production and reduce exposure to overseas supply disruptions. Micron Invests in New York Critical Minerals Processing With Indium Corporation Positive Sentiment: Bullish analysts continue to point to tight memory supply, rising contract prices, strong AI-related demand and a potential share repurchase program. Recent results and guidance also showed substantial revenue and earnings growth, supporting the view that Micron’s memory upcycle could extend through 2027 and beyond. Micron Stock Moves Higher: What’s Going On? Positive Sentiment: Some investors view MU as attractively valued relative to its earnings potential, with Wall Street highlighting its strong September-quarter performance, elevated memory prices and multiyear customer commitments as reasons for further upside. The Best Trillion-Dollar Stock to Buy Right Now, According to Wall Street Neutral Sentiment: Micron is scheduled to host a technology webinar on October 21, which could provide additional details on its AI-memory roadmap, manufacturing plans and demand outlook. Micron to Host Technology Webinar on Oct. 21 Negative Sentiment: A union at Micron’s Taoyuan facility in Taiwan plans to strike on October 22 over a bonus dispute. Because Taiwan is central to Micron’s DRAM production, investors are concerned about potential disruption, costs or shipment delays. Micron Union in Taiwan to Launch Strike Negative Sentiment: Memory stocks remain under pressure after a broader technology selloff revived fears that AI infrastructure spending and related valuations may be unsustainable. Investors are also questioning how long Micron’s unusually high profits can last as new capacity comes online and rivals respond. Micron Stock Falls Amid Three Warning Signals Negative Sentiment: China’s CXMT is progressing toward server-memory production, raising longer-term competitive and pricing concerns for Micron, particularly if Chinese suppliers expand despite export restrictions. Intel Versus Micron: Exposure to CXMT Analyst Upgrades and Downgrades Several analysts have recently weighed in on the company. Wells Fargo & Company decreased their target price on Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating for the company in a research report on Wednesday, September 23rd. BMO Capital Markets restated an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. JPMorgan Chase & Co. increased their price target on Micron Technology from $550.00 to $1,540.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. The Goldman Sachs Group set a $1,250.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Daiwa Securities Group boosted their price objective on shares of Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,407.88. Check Out Our Latest Stock Analysis on MU
Micron Technology Price Performance NASDAQ MU opened at $896.07 on Wednesday. The company has a market cap of $1.01 trillion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.16 and a beta of 2.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The stock’s fifty day moving average price is $987.31 and its 200 day moving average price is $872.76. Micron Technology, Inc. has a 1 year low of $192.40 and a 1 year high of $1,255.00.
Micron Technology (NASDAQ:MU – Get Free Report) last announced its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The firm had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. During the same period last year, the business posted $3.03 earnings per share. The company’s revenue for the quarter was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities research analysts forecast that Micron Technology, Inc. will post 177.03 earnings per share for the current year.
Micron Technology Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s dividend payout ratio (DPR) is currently 0.81%.
Insider Activity In other news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the transaction, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the sale, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 124,424 shares of company stock worth $116,629,966. 0.24% of the stock is currently owned by insiders.
Micron Technology Company Profile (Free Report)
Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.
The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.
Read More Five stocks we like better than Micron Technology Aurora Rejects Curaleaf’s Higher Bid, But the Takeover Fight Isn’t Over Centrus Energy Is Building a Nuclear Fuel Powerhouse—Why Is Its Stock Struggling? Halliburton Gains Traction: Multiyear Upcycle Ahead Meta Platforms’ AI Comeback Faces an Earnings Test—And a $10 Billion Charge Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU – Free Report).
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Net Worth Advisory Group grew its position in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 253.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,552 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,113 shares during the period. Net Worth Advisory Group’s holdings in Micron Technology were worth $1,703,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Denali Advisors LLC bought a new position in Micron Technology during the 2nd quarter worth approximately $7,364,000. Castleark Management LLC bought a new stake in Micron Technology during the 1st quarter valued at $3,709,000. Oppenheimer & Co. Inc. raised its holdings in shares of Micron Technology by 16.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after acquiring an additional 6,702 shares during the last quarter. Legacy Wealth Management LLC MS raised its position in Micron Technology by 73.3% in the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after buying an additional 1,499 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC lifted its position in shares of Micron Technology by 2,461.4% during the second quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer’s stock valued at $42,871,000 after purchasing an additional 35,691 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.
Micron Technology News Roundup Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: Micron announced funding for Indium Corporation’s critical-minerals and high-purity materials processing expansion in New York. The investment, part of Micron’s planned U.S. supply-chain spending of up to $3 billion, is intended to improve access to materials needed for advanced memory production and reduce exposure to overseas supply disruptions. Micron Invests in New York Critical Minerals Processing With Indium Corporation Positive Sentiment: Bullish analysts continue to point to tight memory supply, rising contract prices, strong AI-related demand and a potential share repurchase program. Recent results and guidance also showed substantial revenue and earnings growth, supporting the view that Micron’s memory upcycle could extend through 2027 and beyond. Micron Stock Moves Higher: What’s Going On? Positive Sentiment: Some investors view MU as attractively valued relative to its earnings potential, with Wall Street highlighting its strong September-quarter performance, elevated memory prices and multiyear customer commitments as reasons for further upside. The Best Trillion-Dollar Stock to Buy Right Now, According to Wall Street Neutral Sentiment: Micron is scheduled to host a technology webinar on October 21, which could provide additional details on its AI-memory roadmap, manufacturing plans and demand outlook. Micron to Host Technology Webinar on Oct. 21 Negative Sentiment: A union at Micron’s Taoyuan facility in Taiwan plans to strike on October 22 over a bonus dispute. Because Taiwan is central to Micron’s DRAM production, investors are concerned about potential disruption, costs or shipment delays. Micron Union in Taiwan to Launch Strike Negative Sentiment: Memory stocks remain under pressure after a broader technology selloff revived fears that AI infrastructure spending and related valuations may be unsustainable. Investors are also questioning how long Micron’s unusually high profits can last as new capacity comes online and rivals respond. Micron Stock Falls Amid Three Warning Signals Negative Sentiment: China’s CXMT is progressing toward server-memory production, raising longer-term competitive and pricing concerns for Micron, particularly if Chinese suppliers expand despite export restrictions. Intel Versus Micron: Exposure to CXMT Insiders Place Their Bets In other news, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the transaction, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 124,424 shares of company stock valued at $116,629,966. 0.24% of the stock is currently owned by corporate insiders. Analyst Upgrades and Downgrades MU has been the topic of several research reports. TD Cowen restated a “buy” rating and issued a $1,600.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. New Street Research upgraded shares of Micron Technology from a “neutral” rating to a “buy” rating and lifted their price target for the company from $470.00 to $1,250.00 in a report on Friday, August 14th. William Blair set a $1,300.00 target price on shares of Micron Technology in a report on Thursday, October 1st. Bank of America raised their price objective on shares of Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Wolfe Research set a $1,500.00 price objective on Micron Technology in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,407.88.
Get Our Latest Stock Analysis on Micron Technology
Micron Technology Trading Down 1.0% MU stock opened at $896.07 on Wednesday. Micron Technology, Inc. has a twelve month low of $192.40 and a twelve month high of $1,255.00. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 0.16 and a beta of 2.22. The firm’s fifty day simple moving average is $987.31 and its two-hundred day simple moving average is $872.76.
Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. During the same period in the previous year, the company earned $3.03 EPS. The firm’s quarterly revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, analysts anticipate that Micron Technology, Inc. will post 177.03 earnings per share for the current year.
Micron Technology Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s dividend payout ratio is currently 0.81%.
Micron Technology Profile (Free Report)
Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.
The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.
Featured Stories Five stocks we like better than Micron Technology Aurora Rejects Curaleaf’s Higher Bid, But the Takeover Fight Isn’t Over Centrus Energy Is Building a Nuclear Fuel Powerhouse—Why Is Its Stock Struggling? Halliburton Gains Traction: Multiyear Upcycle Ahead Meta Platforms’ AI Comeback Faces an Earnings Test—And a $10 Billion Charge Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU – Free Report).
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Focused Alpha LLC reduced its holdings in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 42.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 785 shares of the semiconductor manufacturer’s stock after selling 577 shares during the quarter. Focused Alpha LLC’s holdings in Micron Technology were worth $836,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. M.E. Allison & CO. Inc. boosted its holdings in Micron Technology by 0.8% during the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock worth $1,528,000 after buying an additional 11 shares in the last quarter. Purus Wealth Management LLC grew its position in Micron Technology by 1.4% in the third quarter. Purus Wealth Management LLC now owns 814 shares of the semiconductor manufacturer’s stock worth $867,000 after buying an additional 11 shares during the last quarter. Ables Iannone Moore & Associates Inc. grew its position in Micron Technology by 5.3% in the third quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer’s stock worth $252,000 after buying an additional 12 shares during the last quarter. Koesten Hirschmann & Crabtree INC. increased its holdings in shares of Micron Technology by 5.6% in the third quarter. Koesten Hirschmann & Crabtree INC. now owns 228 shares of the semiconductor manufacturer’s stock valued at $243,000 after buying an additional 12 shares in the last quarter. Finally, Cherrydale Wealth Management LLC increased its holdings in shares of Micron Technology by 1.4% in the second quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after buying an additional 13 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.
Insider Activity In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the sale, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at $34,958,000. The trade was a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the sale, the executive vice president owned 191,021 shares of the company’s stock, valued at $178,469,010.09. The trade was a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 124,424 shares of company stock worth $116,629,966. Company insiders own 0.24% of the company’s stock.
Micron Technology Stock Performance Shares of MU opened at $896.07 on Wednesday. The company has a 50-day moving average of $987.31 and a two-hundred day moving average of $872.76. The stock has a market cap of $1.01 trillion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.16 and a beta of 2.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. Micron Technology, Inc. has a one year low of $192.40 and a one year high of $1,255.00. Micron Technology (NASDAQ:MU – Get Free Report) last released its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same period last year, the firm posted $3.03 earnings per share. The firm’s quarterly revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, equities research analysts expect that Micron Technology, Inc. will post 177.03 earnings per share for the current year.
Micron Technology Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 0.81%.
Wall Street Analyst Weigh In A number of brokerages have recently commented on MU. JPMorgan Chase & Co. increased their price objective on Micron Technology from $550.00 to $1,540.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Needham & Company LLC restated a “buy” rating and issued a $1,650.00 target price on shares of Micron Technology in a report on Thursday, October 1st. Mizuho lifted their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Thursday, October 1st. UBS Group reaffirmed a “buy” rating and set a $1,625.00 target price (up from $535.00) on shares of Micron Technology in a research report on Wednesday, September 23rd. Finally, Itau BBA Securities boosted their target price on Micron Technology from $1,243.78 to $1,697.09 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.
Get Our Latest Research Report on MU
Trending Headlines about Micron Technology Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: Micron announced funding for Indium Corporation’s critical-minerals and high-purity materials processing expansion in New York. The investment, part of Micron’s planned U.S. supply-chain spending of up to $3 billion, is intended to improve access to materials needed for advanced memory production and reduce exposure to overseas supply disruptions. Micron Invests in New York Critical Minerals Processing With Indium Corporation Positive Sentiment: Bullish analysts continue to point to tight memory supply, rising contract prices, strong AI-related demand and a potential share repurchase program. Recent results and guidance also showed substantial revenue and earnings growth, supporting the view that Micron’s memory upcycle could extend through 2027 and beyond. Micron Stock Moves Higher: What’s Going On? Positive Sentiment: Some investors view MU as attractively valued relative to its earnings potential, with Wall Street highlighting its strong September-quarter performance, elevated memory prices and multiyear customer commitments as reasons for further upside. The Best Trillion-Dollar Stock to Buy Right Now, According to Wall Street Neutral Sentiment: Micron is scheduled to host a technology webinar on October 21, which could provide additional details on its AI-memory roadmap, manufacturing plans and demand outlook. Micron to Host Technology Webinar on Oct. 21 Negative Sentiment: A union at Micron’s Taoyuan facility in Taiwan plans to strike on October 22 over a bonus dispute. Because Taiwan is central to Micron’s DRAM production, investors are concerned about potential disruption, costs or shipment delays. Micron Union in Taiwan to Launch Strike Negative Sentiment: Memory stocks remain under pressure after a broader technology selloff revived fears that AI infrastructure spending and related valuations may be unsustainable. Investors are also questioning how long Micron’s unusually high profits can last as new capacity comes online and rivals respond. Micron Stock Falls Amid Three Warning Signals Negative Sentiment: China’s CXMT is progressing toward server-memory production, raising longer-term competitive and pricing concerns for Micron, particularly if Chinese suppliers expand despite export restrictions. Intel Versus Micron: Exposure to CXMT Micron Technology Profile (Free Report)
Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.
The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.
See Also Five stocks we like better than Micron Technology Aurora Rejects Curaleaf’s Higher Bid, But the Takeover Fight Isn’t Over Centrus Energy Is Building a Nuclear Fuel Powerhouse—Why Is Its Stock Struggling? Halliburton Gains Traction: Multiyear Upcycle Ahead Meta Platforms’ AI Comeback Faces an Earnings Test—And a $10 Billion Charge Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU – Free Report).
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Kapitalo Investimentos Ltda lifted its position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 2,644.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,442 shares of the semiconductor manufacturer’s stock after acquiring an additional 26,442 shares during the period. Micron Technology comprises approximately 2.1% of Kapitalo Investimentos Ltda’s holdings, making the stock its 9th largest holding. Kapitalo Investimentos Ltda’s holdings in Micron Technology were worth $29,229,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Denali Advisors LLC acquired a new position in Micron Technology during the 2nd quarter valued at about $7,364,000. Castleark Management LLC acquired a new stake in shares of Micron Technology in the first quarter valued at approximately $3,709,000. Oppenheimer & Co. Inc. increased its stake in shares of Micron Technology by 16.0% in the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock valued at $56,006,000 after purchasing an additional 6,702 shares during the period. Legacy Wealth Management LLC MS increased its stake in shares of Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after purchasing an additional 1,499 shares during the period. Finally, Franklin Street Advisors Inc. NC raised its holdings in shares of Micron Technology by 2,461.4% during the second quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer’s stock valued at $42,871,000 after buying an additional 35,691 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.
Micron Technology Stock Down 1.0% MU stock opened at $896.07 on Wednesday. The firm’s 50-day moving average is $987.31 and its two-hundred day moving average is $872.76. The company has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 0.16 and a beta of 2.22. Micron Technology, Inc. has a 52 week low of $192.40 and a 52 week high of $1,255.00. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03.
Micron Technology (NASDAQ:MU – Get Free Report) last posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $31.77 by $1.65. The business had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business’s revenue was up 379.1% on a year-over-year basis. During the same period last year, the firm posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, analysts forecast that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year. Micron Technology Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s dividend payout ratio is 0.81%.
Analysts Set New Price Targets Several equities analysts have recently issued reports on the company. HSBC boosted their price objective on Micron Technology from $1,100.00 to $1,700.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. The Goldman Sachs Group set a $1,250.00 target price on Micron Technology in a research report on Thursday, October 1st. Arete Research lifted their target price on Micron Technology from $852.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $1,200.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. Finally, JPMorgan Chase & Co. boosted their price target on Micron Technology from $550.00 to $1,540.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.
Read Our Latest Research Report on MU
Key Stories Impacting Micron Technology Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: Micron announced funding for Indium Corporation’s critical-minerals and high-purity materials processing expansion in New York. The investment, part of Micron’s planned U.S. supply-chain spending of up to $3 billion, is intended to improve access to materials needed for advanced memory production and reduce exposure to overseas supply disruptions. Micron Invests in New York Critical Minerals Processing With Indium Corporation Positive Sentiment: Bullish analysts continue to point to tight memory supply, rising contract prices, strong AI-related demand and a potential share repurchase program. Recent results and guidance also showed substantial revenue and earnings growth, supporting the view that Micron’s memory upcycle could extend through 2027 and beyond. Micron Stock Moves Higher: What’s Going On? Positive Sentiment: Some investors view MU as attractively valued relative to its earnings potential, with Wall Street highlighting its strong September-quarter performance, elevated memory prices and multiyear customer commitments as reasons for further upside. The Best Trillion-Dollar Stock to Buy Right Now, According to Wall Street Neutral Sentiment: Micron is scheduled to host a technology webinar on October 21, which could provide additional details on its AI-memory roadmap, manufacturing plans and demand outlook. Micron to Host Technology Webinar on Oct. 21 Negative Sentiment: A union at Micron’s Taoyuan facility in Taiwan plans to strike on October 22 over a bonus dispute. Because Taiwan is central to Micron’s DRAM production, investors are concerned about potential disruption, costs or shipment delays. Micron Union in Taiwan to Launch Strike Negative Sentiment: Memory stocks remain under pressure after a broader technology selloff revived fears that AI infrastructure spending and related valuations may be unsustainable. Investors are also questioning how long Micron’s unusually high profits can last as new capacity comes online and rivals respond. Micron Stock Falls Amid Three Warning Signals Negative Sentiment: China’s CXMT is progressing toward server-memory production, raising longer-term competitive and pricing concerns for Micron, particularly if Chinese suppliers expand despite export restrictions. Intel Versus Micron: Exposure to CXMT Insider Transactions at Micron Technology In other news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the transaction, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 124,424 shares of company stock valued at $116,629,966. 0.24% of the stock is currently owned by company insiders.
Micron Technology Profile (Free Report)
Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.
The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.
Recommended Stories Five stocks we like better than Micron Technology Aurora Rejects Curaleaf’s Higher Bid, But the Takeover Fight Isn’t Over Centrus Energy Is Building a Nuclear Fuel Powerhouse—Why Is Its Stock Struggling? Halliburton Gains Traction: Multiyear Upcycle Ahead Meta Platforms’ AI Comeback Faces an Earnings Test—And a $10 Billion Charge Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU – Free Report).
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Micron se dohodl s odbory v Taichungu, čímž snížil riziko přerušení výroby; odbory v Taoyuanu však stále plánují jednodenní varovnou stávku kvůli bonusům.
Micron and the Taichung union withdrew from mediation after reaching an agreement. Summary
Micron shares rose more than 2% in premarket trading.
Memory-chip manufacturer Micron Technology Inc. (MU, Financials) is lowering some of its Taiwan labor risk after a deal with workers at its Taichung facility.
The accord caused both sides to pull out of proposed mediation on Oct. 22.
Terms were not given, but Micron and the union said they will give specifics to impacted workers in the coming days.
The deal is significant as Micron has one of its main production hubs in Taiwan, including Taichung, where it produces memory chips for AI servers and other devices.
But the labor question is not yet settled.
A different union representing workers in Taoyuan is still planning a one-day warning strike over bonuses and profit sharing.
The two unions have campaigned for a permanent arrangement to set aside 15% of Micron's operational profit for quarterly incentives.
For investors, the Taichung resolution reduces the possibility of a wider production interruption, but the Taoyuan disagreement still has to be followed attentively.
The next trigger is whether Micron can strike a similar deal with Taoyuan workers before the conflict turns worse.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Micron očekává v letech 2027 a 2028 ještě napjatější trh s paměťovými čipy; ve fiskálním roce 2027 prognózuje zisk na akcii ve výši 176,55 USD oproti 75,52 USD v roce 2026.
Micron (MU +0.02%) stock has more than tripled so far in 2026, making it the fourth-best-performing stock in the S&P 500 (^GSPC +0.21%) this year. That's an impressive run, but for investors, the past really doesn't matter; only the future.
So, could Micron repeat this feat in 2027? One metric suggests that the answer to that question is yes.
Image source: The Motley Fool.
The memory chip shortage is far from over
Micron produces memory chips, which have become some of the most in-demand tech hardware due to their scarcity. The companies that manufacture them were not ready for the massive growth in demand generated by the artificial intelligence (AI) build-out, which has consumed all the supplies they could produce this year.
Memory chips are essentially commodity products. When demand significantly outpaces supply, prices soar -- and that's exactly what happened this year. However, Micron's input costs barely shifted, so the rising prices it can now charge are pure profit, and the stock skyrocketed as investors watched the company's top and bottom lines multiply.
MU Micron Technology$896.26+$0.19 (+0.02%)
NASDAQ · As of 9:47 AM ET 10/21/26
Moreover, this shortage isn't going to end soon.
On the latest earnings call, Micron's management team advised investors that it expects conditions in the memory chip market to be even tighter in 2027 and 2028 than they were in 2026. But Micron has been building new foundry lines in the meantime, and with more production capacity coming online in 2027, it will be able to manufacture more chips to sell at these higher price points, leading to significant additional profit growth.
This is reflected in Wall Street's outlook for the stock. Micron reported $75.52 in earnings per share during its fiscal 2026 (which ended in August), and management estimates Micron will generate a jaw-dropping $176.55 in earnings per share during its fiscal 2027.
Over the past couple of years, Micron's stock has usually traded in the neighborhood of 20 times earnings. Right now, it's a dirt cheap 12 times earnings because the market does not believe that this boom will last. However, its management team, which has access to more information about the tech sector than most investors, has already told anyone who will listen that the conditions leading to high memory demand and insufficient supply aren't going anywhere. As a result, the stock looks undervalued.
MU PE Ratio data by YCharts.
If Micron only meets analysts' expectations for its fiscal 2027, then in order to trade at just 15 times earnings next fall, the stock would have to triple. If it trades at 20 times earnings at that point, then the stock will have quadrupled from here.
The market's bearishness about the long-term outlook for AI spending has investors leaving obvious money on the table when it comes to a stock like Micron. Now is the time to take advantage of that mistake and buy Micron stock on sale, as it has major upside potential.
Prezident společnosti Micron Scott DeBoer prodal 28 545 akcií MU za průměrnou cenu 900 USD za akcii, celkem za 25,7 milionu USD; šlo o jeho první prodej akcií společnosti v roce 2026.
Just as it was reaching the 30-day low closing price of $878.84 on October 16, Micron (NASDAQ: MU) stock recorded its largest insider sale since August.
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This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC).
Indeed, an October 20 filing with the Securities and Exchange Commission (SEC) revealed that President and Chief Technology and Products Officer, Scott DeBoer, traded 28,545 MU shares at an average price of $900, raising a total of $25.7 million.
The sale represents both DeBoer’s first such Micron equity move in 2026, one of the largest the company has seen since the year started, and an insider sale executed at the lowest average price since May.
Additionally, the President is only the second senior person at the firm to have dumped MU shares since August, with the other being Senior Vice President and Chief Legal Officer (CLO) Michael Ray, who raised a significantly smaller $5.9 million on October 14.
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This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC).
Micron stock price performance in October
Meanwhile, Micron stock itself experienced something of a rebound on the same day as DeBoer sold, rallying 1.96% to its latest closing price of $896.07, and diminishing the 30-day loss to 14.17%.
Micron stock price one-month chart highlighting performance since the latest MU insider sale. Source: Google
The Wednesday, October 21, pre-market session likewise brought good news to MU shareholders as the equity is up another 3.26% to its press-time price of $925.30.
This upside could, however, prove unstable as Micron appears to have achieved only partial success in negotiations with its Taiwanese workers and a one-day strike is anticipated later this week.
Furthermore, the company could be facing more trouble in the long run.
Is Micron stock in trouble?
Recent weeks delivered multiple warning signals about the state of the artificial intelligence (AI) ‘boom’ – or bubble – various data center construction and initial public offering (IPO) setbacks, allegations of rampant and unsustainable spending at some of the sector’s largest companies, and an overall strain on the available cash and credit.
For Micron in particular, the news that Amazon (NASDAQ: AMZN) overbought chips relative to its capacity to run them – news that came only weeks after similar allegations emerged regarding Microsoft’s (NASDAQ: MSFT) purchases – could prove especially consequential.
Indeed, these particular developments highlighted that the supply constraints that drove personal computer (PC) and video game console prices through the roof were, in no small part, artificial.
Considering Micron played a significant role in the disruption by deliberately abandoning the consumer market late in 2025, it could find itself short on customer goodwill if its corporate clients end up wanting for cash.
Featured image via Shutterstock
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Over the last year, memory chip manufacturers have benefited from extraordinary demand for artificial intelligence (AI). In particular, Micron Technology (MU +0.02%) has witnessed its market capitalization propel from just $53 billion at the start of the AI revolution to more than $1 trillion today.
MU Market Cap data by YCharts
Despite its historic rally, investors should not assume Micron's growth is finished. As AI moves beyond data centers and becomes increasingly embedded in everyday products, the company stands to benefit from another wave of demand. What's encouraging is that you don't need thousands of dollars to participate in Micron's upside.
As of this writing (Oct. 20), Micron stock trades around $900. But investors can purchase fractional shares, allowing them to invest a fixed amount without buying an entire share. Let's assess what could happen if you invested $150 in Micron every month between now and the end of 2030.
What tailwinds does Micron have? Micron manufactures DRAM, NAND flash memory, and high bandwidth memory (HBM). These products help computers process, access, and store information.
HBM is becoming particularly important because AI accelerators require vast amounts of memory to process queries efficiently. Micron is already shipping HBM4 products optimized for Nvidia's Vera Rubin architecture, positioning the company to benefit from the AI infrastructure build-out.
Importantly, Micron's long-run opportunity extends beyond Nvidia's GPUs. The proliferation of agentic AI, CPUs, robotics, and autonomous systems will create additional demand for memory and storage. As these applications become more sophisticated and move into production, they will inevitably require greater capacity to process information, store data, and handle complex workloads.
Consider the automotive industry as an example. Micron has already announced long-term supply agreements with General Motors and Ford Motor Company. These partnerships support next-generation vehicle platforms, including advanced driver-assistance systems and AI-powered experiences inside of cars.
Micron also forged agreements with automotive technology suppliers such as Qualcomm, DENSO, and Hyundai Mobis -- demonstrating how memory is becoming essential across applications beyond consumer devices and hyperscale data centers.
Image source: Micron Technology.
How big can Micron get? Micron currently boasts a market capitalization of roughly $1.03 trillion. I see a few reasons why the company could become significantly more valuable as AI infrastructure investments accelerate, fueling further demand for advanced memory.
First, AI systems are becoming more memory-intensive. As new processors enter production and companies deploy AI across enterprise applications, demand for HBM and advanced DRAM should continue growing.
Second, Micron is investing heavily in manufacturing capacity while securing longer-term strategic customer agreements. Higher-value products such as HBM should support more robust profitability than conventional DRAM, helping Micron turn growing demand into sustainable earnings growth.
Lastly, investors could begin valuing Micron differently as its role in the AI supply chain becomes more recognized and appreciated. Historically, memory manufacturers traded at modest valuation multiples because of their cyclical business models. However, increasingly sophisticated memory products, stickier customer relationships, and new use cases could support a more favorable long-term valuation.
Taken together, I think Micron could reach a $2.5 trillion market capitalization by December 2030. Compared with its current market cap, that represents 145% cumulative upside, equivalent to 24% annualized stock appreciation, or 1.8% per month when compounded.
While this is slightly aggressive, I think it's a reasonable upside scenario considering it's considerably below the stock returns Micron has already generated during the AI infrastructure supercycle. If I apply that projected growth rate to all 51 monthly investments of $150, the total contribution of $7,650 invested could finish 2030 worth approximately $12,400. That represents roughly $4,750 in investment gains, or 62% upside.
MU Micron Technology$896.26+$0.19 (+0.02%)
NASDAQ · As of 9:47 AM ET 10/21/26
Smart investors always think about the long term Of course, Micron's actual stock price won't move in a perfect line. Semiconductor stocks frequently experience sharp rallies and sell-offs, making short-term fluctuations difficult to predict. That's precisely what makes dollar-cost averaging appealing. Investors can build a position over a long-term time frame without attempting to identify the perfect entry price.
The bigger theme here is that Micron should continue benefiting from multiple secular growth tailwinds that can support additional stock price appreciation over the next several years. As AI becomes more integrated into computing, transportation, and everyday consumer products, demand for advanced memory should expand.
For this reason, I see Micron as a compelling buy-and-hold opportunity for patient investors right now.
Philip Morris International ve 3. čtvrtletí meziročně zvýšil tržby o 5,5 % na 11,4 mld. USD a upravený zisk na akcii o 5,4 % na 2,36 USD, čímž překonal odhad 2,19 USD.
On October 21, 2026, Philip Morris International Inc PM released its 8-K filing, detailing its financial results for the third quarter of 2026. The company's reported diluted earnings per share (EPS) stood at $2.12, reflecting a decline of 4.9% year-over-year. However, the adjusted diluted EPS grew by 5.4% to reach $2.36, surpassing analyst estimates of $2.19.
Philip Morris International Inc is a leading international consumer goods company dedicated to delivering a smoke-free future while remaining one of the world's largest tobacco companies. PM's cigarette portfolio, led by Marlboro, the best-selling international cigarette brand, is marketed in approximately 170 countries. Over the past decade, PMI has invested over $16 billion in smoke-free products such as the IQOS heat-not-burn system and ZYN nicotine pouches, with ambitions to transition away from traditional combustible products.
The performance of Philip Morris International during the third quarter underscores both achievements and challenges. Key highlights of this quarter include increased net revenues of $11.4 billion, a growth of 5.5%, driven principally by an expansion in smoke-free products and resilient combustible business. The company achieved an operating income of $4.9 billion, marking a 14.1% increase compared to the prior year. However, the decline in reported diluted EPS indicates volatility, particularly attributable to non-cash fluctuations in equity investments.
Financial Achievements and MetricsPM's efforts to innovate and expand its smoke-free product range continue to pay dividends. Smoke-free products accounted for over 40% of total net revenues in Q3 2026. The segment's revenue boasted a growth of 4.1%, reflective of high single-digit growth in in-market sales for these products. The gross profit also saw a rise of 6.7%, demonstrating strong margins that are bolstered by a favorable product mix and increased pricing power.
Key financial metrics are essential in evaluating PM's overall performance:
MetricQ3 2026Q3 2025Year-over-Year ChangeNet Revenues$11.4 billion$10.8 billion+5.5%Gross Profit$7.9 billion$7.4 billion+6.7%Operating Income$4.9 billion$4.3 billion+14.1%Reported Diluted EPS$2.12$2.23-4.9%Adjusted Diluted EPS$2.36$2.24+5.4%As highlighted by Jacek Olczak, Group CEO, “We delivered another excellent quarter, with growing total volumes, double-digit organic operating income growth and robust margin expansion.” This sentiment emphasizes the company's capacity to navigate a competitive landscape and generate consistent bottom-line growth, despite some external pressures.
However, the company faces challenges including geopolitical tensions and inflationary pressures, particularly in energy costs. These factors may impact operational efficiency and profitability moving forward. Additionally, regional disruptions due to the ongoing conflict in the Middle East and market volatility in Ukraine could complicate future growth initiatives.
GuruFocus Valuation CheckAccording to GuruFocus's proprietary data, Philip Morris International Inc PM has a GF Score of 81/100, indicating a strong overall rating for the company. The GF Value stands at $159.69, suggesting the current stock price of $199.90 is approximately 25.2% overvalued. This misalignment could prompt investors to consider the potential for price corrections in the near future.
PM's Profitability Rank of 9/10 reinforces its capacity to generate strong profits relative to its peers, while the Growth Rank of 8/10 indicates solid prospects for revenue and EPS growth. However, the 2.5-star Predictability rating suggests that while PM has a history of delivering consistent results, some uncertainty remains regarding future earnings stability.
Investors may also note that insider activity has seen insiders sell $28.8 million in shares over the past year, which can be interpreted as a cautious signal regarding the company's near-term outlook. For a deeper dive, visit the Philip Morris International Inc stock page on GuruFocus.
Explore the complete 8-K earnings release (here) from Philip Morris International Inc for further details.
GuruFocus context: GuruFocus’ GF Value™ estimates fair value near $159.69 (25.2% overvalued); its GF Score™ is 81/100; 22 gurus currently hold the stock, with 7 adding and 11 trimming positions in recent quarters — guru 13F data Simply Wall St and Morningstar don’t have. See the full Philip Morris International Inc PM research.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Third-quarter reported sales growth of 14.5 percent; comparable sales growth of 7.0 percent Third-quarter GAAP diluted EPS of $0.53; adjusted diluted EPS of $1.42 Expands portfolio with key new product approvals , /PRNewswire/ -- Abbott (NYSE: ABT) today announced financial results for the third quarter ended Sept. 30, 2026.
Third-quarter sales increased 14.5 percent on a reported basis and 7.0 percent on a comparable basis. Third-quarter GAAP diluted EPS of $0.53 and adjusted diluted EPS of $1.42, which excludes specified items. Abbott projects full-year 2026 comparable sales growth to be approximately 6.0 percent1. Abbott reaffirms the midpoint of previously provided full-year 2026 adjusted diluted EPS guidance range and tightens the range to $5.50 to $5.55. In August, Abbott announced U.S. Food and Drug Administration (FDA) approval for Libre® Duo, the world's first dual glucose-ketone biowearable sensor. By providing real-time visibility into glucose and ketone levels, this new technology helps optimize the management of diabetes by detecting rising ketone levels, which can lead to diabetic ketoacidosis, a serious health condition for people with diabetes. In August, Abbott announced that the company received CE Mark for its Amulet 360™ Left Atrial Appendage (LAA) Occluder, a next-generation device designed to reduce the risk of stroke in patients with atrial fibrillation (AFib). In August, Abbott announced the launch of Similac® 360 Total Care® Made With Whole Milk — the first and only commercially sterile, ready-to-feed liquid infant formula made with whole milk in the United States. In September, Abbott announced FDA approval for its TactiFlex™ Duo Ablation Catheter, Sensor Enabled™, designed to deliver both pulsed field ablation (PFA) and radiofrequency (RF) energy to treat patients battling atrial fibrillation. In September, Abbott launched SimpleScreen™ CRC, an FDA-approved, blood-based colorectal cancer screening test for adults age 45 and older who are at average risk for the disease. "Abbott delivered strong third-quarter results, reflecting balanced growth across our portfolio," said Robert B. Ford, chairman and chief executive officer, Abbott. "With strong performance across multiple businesses and a robust pipeline of innovation, we are well-positioned to deliver sustainable growth in the years ahead."
THIRD-QUARTER BUSINESS OVERVIEW
Comparable sales growth:
Management believes that measuring sales growth on a comparable basis is an appropriate way for investors to best understand the underlying performance of the business. Comparable sales growth includes the prior and current year sales of Exact Sciences, a cancer diagnostics company that Abbott acquired on March 23, 2026. Comparable sales growth excludes the impact of foreign exchange and revenue in both the prior and current year related to compensation payments that Abbott's Structural Heart business received as part of a multi-year agreement with a competitor. The final payment under this agreement was recognized in the first quarter of 2026.
Note: In order to compute results excluding the impact of exchange rates, current year U.S. dollar sales are multiplied or divided, as appropriate, by the current year average foreign exchange rates and then those amounts are multiplied or divided, as appropriate, by the prior year average foreign exchange rates.
Third Quarter 2026 Results (3Q26)
Sales 3Q26 ($ in millions)
Total Company
Nutrition
Diagnostics
Established
Pharmaceuticals
Medical Devices
U.S.
5,504
958
1,853
—
2,687
International
7,509
1,304
1,452
1,614
3,139
Total reported
13,013
2,262
3,305
1,614
5,826
% Change vs. 3Q25
U.S.
28.0
7.9
109.2
n/a
6.6
International
6.2
3.1
6.2
6.8
7.2
Total reported
14.5
5.1
46.7
6.8
6.9
Total reported excl. foreign exchange impact
14.8
4.9
46.6
8.4
7.4
Comparable sales growth
7.0
4.9
6.4
8.4
7.8
U.S.
7.9
7.9
8.4
n/a
7.6
International
6.4
2.8
4.0
8.4
8.0
First Nine Months 2026 Results (9M26)
Sales 9M26 ($ in millions)
Total Company
Nutrition
Diagnostics
Established
Pharmaceuticals
Medical Devices
U.S.
14,994
2,673
4,418
—
7,890
International
21,776
3,750
4,159
4,539
9,328
Total reported
36,770
6,423
8,577
4,539
17,218
% Change vs. 9M25
U.S.
17.7
(4.5)
72.0
n/a
7.1
International
8.2
1.1
6.3
9.3
11.7
Total reported
11.9
(1.3)
32.4
9.3
9.6
Total reported excl. foreign exchange impact
10.5
(2.1)
30.8
8.7
7.8
Comparable sales growth
5.2
(2.1)
3.8
8.7
8.2
U.S.
4.7
(4.5)
4.9
n/a
8.1
International
5.7
(0.3)
2.4
8.7
8.3
Refer to table titled "Non-GAAP Revenue Reconciliation" for a reconciliation of comparable sales growth.
Nutrition
Third Quarter 2026 Results (3Q26)
Sales 3Q26 ($ in millions)
Total
Pediatric
Adult
U.S.
958
577
381
International
1,304
486
818
Total reported
2,262
1,063
1,199
% Change vs. 3Q25
U.S.
7.9
11.0
3.5
International
3.1
6.4
1.3
Total reported
5.1
8.8
2.0
Total reported excl. foreign exchange impact
4.9
8.7
1.8
Comparable sales growth
4.9
8.7
1.8
U.S.
7.9
11.0
3.5
International
2.8
6.0
1.0
Worldwide Nutrition sales increased 5.1 percent on a reported basis and 4.9 percent on a comparable basis in the third quarter.
Worldwide Nutrition results were driven by broad-based growth across the portfolio, including sales growth of nearly 9.0 percent in Worldwide Pediatric.
On a sequential basis, Worldwide Nutrition sales increased $118 million compared to the second quarter of 2026.
First Nine Months 2026 Results (9M26)
Sales 9M26 ($ in millions)
Total
Pediatric
Adult
U.S.
2,673
1,613
1,060
International
3,750
1,428
2,322
Total reported
6,423
3,041
3,382
% Change vs. 9M25
U.S.
(4.5)
(4.8)
(4.0)
International
1.1
3.7
(0.5)
Total reported
(1.3)
(1.0)
(1.6)
Total reported excl. foreign exchange impact
(2.1)
(1.6)
(2.6)
Comparable sales growth
(2.1)
(1.6)
(2.6)
U.S.
(4.5)
(4.8)
(4.0)
International
(0.3)
2.4
(2.0)
Diagnostics*
Third Quarter 2026 Results (3Q26)
Sales 3Q26 ($ in millions)
Total
Core Laboratory
Cancer Diagnostics
Rapid/Molecular
Diagnostics
U.S.
1,853
389
938
526
International
1,452
1,049
30
373
Total reported
3,305
1,438
968
899
% Change vs. 3Q25
U.S.
109.2
6.3
n/a
1.1
International
6.2
5.1
n/a
1.0
Total reported
46.7
5.4
n/a
1.1
Total reported excl. foreign exchange impact
46.6
5.4
n/a
0.9
Comparable sales growth
6.4
5.4
13.8
0.9
U.S.
8.4
6.3
13.9
1.1
International
4.0
5.1
12.1
0.7
Worldwide Diagnostics sales increased 46.7 percent on a reported basis and 6.4 percent on a comparable basis in the third quarter.
Worldwide Core Laboratory Diagnostics results were driven by balanced growth across major geographic regions including the U.S., Europe, Japan, and Latin America.
Cancer Diagnostics results were driven by growth of Cologuard® and also reflect contributions to growth from the precision oncology and international businesses.
First Nine Months 2026 Results (9M26)
Sales 9M26 ($ in millions)
Total
Core Laboratory
Cancer Diagnostics
Rapid/Molecular
Diagnostics
U.S.
4,418
1,113
1,921
1,384
International
4,159
3,015
62
1,082
Total reported
8,577
4,128
1,983
2,466
% Change vs. 9M25
U.S.
72.0
6.1
n/a
(8.9)
International
6.3
5.8
n/a
1.9
Total reported
32.4
5.9
n/a
(4.5)
Total reported excl. foreign exchange impact
30.8
4.0
n/a
(5.4)
Comparable sales growth
3.8
4.0
13.5
(5.4)
U.S.
4.9
6.1
13.5
(8.9)
International
2.4
3.2
15.0
(0.4)
*Beginning in 2026, Abbott aggregated its previously reported Rapid Diagnostics, Molecular Diagnostics, and Point of Care businesses into the Rapid and Molecular Diagnostics business. On March 23, 2026, Abbott completed the acquisition of Exact Sciences. Following the acquisition, the sales of Exact Sciences are presented as Abbott's Cancer Diagnostics business.
Refer to table titled "Non-GAAP Revenue Reconciliation" for a reconciliation of comparable sales growth.
Established Pharmaceuticals
Third Quarter 2026 Results (3Q26)
Sales 3Q26 ($ in millions)
Total
Key Emerging
Markets
Other
U.S.
—
—
—
International
1,614
1,195
419
Total reported
1,614
1,195
419
% Change vs. 3Q25
U.S.
n/a
n/a
n/a
International
6.8
9.0
1.1
Total reported
6.8
9.0
1.1
Total reported excl. foreign exchange impact
8.4
10.9
1.6
Comparable sales growth
8.4
10.9
1.6
U.S.
n/a
n/a
n/a
International
8.4
10.9
1.6
Established Pharmaceuticals sales increased 6.8 percent on a reported basis and 8.4 percent on a comparable basis in the third quarter.
Key Emerging Markets include several emerging countries that represent the most attractive long-term growth opportunities for Abbott's branded generics product portfolio. Sales in these geographies increased 9.0 percent on a reported basis and 10.9 percent on a comparable basis, led by double-digit growth in India and several markets across the Latin America and Asia Pacific regions.
First Nine Months 2026 Results (9M26)
Sales 9M26 ($ in millions)
Total
Key Emerging
Markets
Other
U.S.
—
—
—
International
4,539
3,448
1,091
Total reported
4,539
3,448
1,091
% Change vs. 9M25
U.S.
n/a
n/a
n/a
International
9.3
10.5
5.6
Total reported
9.3
10.5
5.6
Total reported excl. foreign exchange impact
8.7
10.4
3.6
Comparable sales growth
8.7
10.4
3.6
U.S.
n/a
n/a
n/a
International
8.7
10.4
3.6
Medical Devices
Third Quarter 2026 Results (3Q26)
Sales 3Q26 ($ in millions)
Total
Rhythm
Management
Electro-
physiology*
Heart
Failure
Vascular
Structural
Heart*
Neuro-
modulation
Diabetes
Care
U.S.
2,687
380
429
303
290
228
185
872
International
3,139
372
444
84
496
364
66
1,313
Total reported
5,826
752
873
387
786
592
251
2,185
% Change vs. 3Q25
U.S.
6.6
9.0
18.1
8.4
3.4
(11.1)
(5.6)
9.4
International
7.2
10.4
12.2
(2.7)
6.7
12.2
13.6
4.2
Total reported
6.9
9.7
15.0
5.8
5.4
1.9
(1.2)
6.2
Total reported excl. foreign exchange impact
7.4
10.0
15.5
6.0
5.7
2.6
(1.1)
6.7
Comparable sales growth
7.8
10.0
15.5
6.0
5.7
6.9
(1.1)
6.7
U.S.
7.6
9.0
18.1
8.4
3.4
(2.3)
(5.6)
9.4
International
8.0
11.0
13.1
(1.6)
7.1
13.5
13.9
4.9
Worldwide Medical Devices sales increased 6.9 percent on a reported basis and 7.8 percent on a comparable basis in the third quarter.
Sales growth in the quarter was led by double-digit growth in Electrophysiology and Rhythm Management.
In Diabetes Care, sales of continuous glucose monitors grew 7.3 percent on a reported basis and 7.7 percent on a comparable basis.
First Nine Months 2026 Results (9M26)
Sales 9M26 ($ in millions)
Total
Rhythm
Management
Electro-
physiology*
Heart
Failure
Vascular
Structural
Heart*
Neuro-
modulation
Diabetes
Care
U.S.
7,890
1,096
1,227
908
875
677
551
2,556
International
9,328
1,083
1,295
269
1,491
1,090
203
3,897
Total reported
17,218
2,179
2,522
1,177
2,366
1,767
754
6,453
% Change vs. 9M25
U.S.
7.1
10.4
16.0
10.2
5.2
(10.2)
(2.4)
9.3
International
11.7
13.9
14.5
7.9
8.0
16.1
18.1
10.5
Total reported
9.6
12.1
15.2
9.7
7.0
4.4
2.4
10.0
Total reported excl. foreign exchange impact
7.8
10.6
13.8
8.9
5.2
2.6
1.3
7.7
Comparable sales growth
8.2
10.6
13.8
8.9
5.2
6.5
1.3
7.7
U.S.
8.1
10.4
16.0
10.2
5.2
(2.3)
(2.4)
9.3
International
8.3
10.8
11.9
4.6
5.2
12.8
13.5
6.6
*Abbott's Amplatzer Amulet Left Atrial Appendage Occluder device and related accessories were transferred from Structural Heart to Electrophysiology on January 1, 2026. As a result, $55 million of sales in the third quarter of 2025 and $156 million of sales in the first nine months of 2025 were moved from Structural Heart to Electrophysiology.
Refer to table titled "Non-GAAP Revenue Reconciliation" for a reconciliation of comparable sales growth.
Abbott's Financial Guidance
Abbott projects full-year 2026 comparable sales growth to be approximately 6.0%1.
Abbott projects full-year 2026 adjusted diluted earnings per share of $5.50 to $5.55.
Abbott projects fourth-quarter 2026 adjusted diluted earnings per share of $1.62 to $1.67.
Abbott has not provided the related GAAP financial measures on a forward-looking basis for these forward-looking non-GAAP financial measures because the company is unable to predict with reasonable certainty and without unreasonable effort the timing and impact of certain items such as restructuring and cost reduction initiatives, charges for intangible asset impairments, acquisition-related expenses, and foreign exchange, which could significantly impact Abbott's results in accordance with GAAP.
Abbott Declares 411th Consecutive Quarterly Dividend
On Sept. 17, 2026, the board of directors of Abbott declared the company's quarterly dividend of $0.63 per share. Abbott's cash dividend is payable Nov. 16, 2026, to shareholders of record at the close of business on Oct. 15, 2026.
Abbott has increased its dividend payout for 54 consecutive years and is a member of the S&P 500 Dividend Aristocrats Index, which tracks companies that have annually increased their dividend for at least 25 consecutive years.
About Abbott:
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 122,000 colleagues serve people in more than 160 countries.
Connect with us at www.abbott.com and on LinkedIn, Facebook, Instagram, X and YouTube.
Abbott will live-webcast its third-quarter earnings conference call through its Investor Relations website at www.abbottinvestor.com at 8 a.m. Central time today. An archived edition of the webcast will be available later in the day.
— Private Securities Litigation Reform Act of 1995 —
A Caution Concerning Forward-Looking Statements
Some statements in this news release may be forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. Abbott cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Economic, competitive, governmental, technological and other factors that may affect Abbott's operations are discussed in Item 1A, "Risk Factors" in our Annual Report on Form 10-K for the year ended Dec. 31, 2025, and are incorporated herein by reference. Abbott undertakes no obligation to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.
In 2025, total worldwide sales were $44.328 billion, which included U.S. sales of $17.126 billion and international sales of $27.202 billion, and Abbott's Structural Heart business received $89 million of compensation payments as part of a multi-year agreement with a competitor. Also in 2025, total worldwide sales for Exact Sciences were $3.247 billion, which included U.S. sales of $3.145 billion and international sales of $102 million. Abbott Laboratories and Subsidiaries
Condensed Consolidated Statement of Earnings
Third Quarter Ended September 30, 2026 and 2025
(in millions, except per share data)
(unaudited)
3Q26
3Q25
% Change
Net Sales
$13,013
$11,369
14.5
Cost of products sold, excluding amortization expense
5,628
5,075
10.9
Amortization of intangible assets
841
420
n/m
Research and development
920
766
20.1
Selling, general, and administrative
4,266
3,051
39.8
Total Operating Cost and Expenses
11,655
9,312
25.2
Operating Earnings
1,358
2,057
(34.0)
Interest expense, net
297
44
n/m
Net foreign exchange (gain) loss
(6)
(17)
n/m
Other (income) expense, net
(164)
(150)
9.4
Earnings before taxes
1,231
2,180
(43.5)
Taxes on Earnings
311
536
(42.0)
1)
Net Earnings
$920
$1,644
(44.1)
Net Earnings excluding Specified Items, as described below
$2,477
$2,278
8.7
2)
Diluted Earnings per Common Share
$0.53
$0.94
(43.6)
Diluted Earnings per Common Share, excluding Specified Items, as described below
$1.42
$1.30
9.2
2)
Average Number of Common Shares Outstanding Plus Dilutive Common Stock
Options
1,738
1,749
NOTES:
See table titled "Non-GAAP Reconciliation of Financial Information" for an explanation of certain non-GAAP financial information.
n/m = Percent change is not meaningful.
See footnotes on the following section.
1)
2026 Taxes on Earnings includes the recognition of approximately $35 million of net tax expense primarily as a result of the resolution of various tax positions related to prior years. 2026 Taxes on Earnings also includes approximately $100 million in adjustments related to prior recognition of a significant non-cash deferred tax benefit.
2025 Taxes on Earnings includes approximately $160 million in adjustments related to prior recognition of a significant non-cash deferred tax benefit.
2)
2026 Net Earnings and Diluted Earnings per Common Share, excluding Specified Items, excludes net after-tax charges of $1.557 billion, or $0.89 per share, for intangible amortization, legal settlements, acquisitions, restructuring actions, and other net expenses.
2025 Net Earnings and Diluted Earnings per Common Share, excluding Specified Items, excludes net after-tax charges of $634 million, or $0.36 per share, for intangible amortization, charges related to restructuring and cost reduction initiatives, and other net expenses.
Abbott Laboratories and Subsidiaries
Condensed Consolidated Statement of Earnings
Nine Months Ended September 30, 2026 and 2025
(in millions, except per share data)
(unaudited)
9M26
9M25
% Change
Net Sales
$36,770
$32,869
11.9
Cost of products sold, excluding amortization expense
15,843
14,397
10.0
Amortization of intangible assets
1,921
1,260
52.4
Research and development
2,579
2,207
16.9
Selling, general, and administrative
12,031
9,203
30.7
Total Operating Cost and Expenses
32,374
27,067
19.6
Operating Earnings
4,396
5,802
(24.2)
Interest expense, net
664
143
n/m
Net foreign exchange (gain) loss
(15)
(35)
n/m
Other (income) expense, net
(457)
(414)
10.2
Earnings before taxes
4,204
6,108
(31.2)
Taxes on earnings
1,279
1,360
(6.0)
1)
Net Earnings
$2,925
$4,748
(38.4)
Net Earnings excluding Specified Items, as described below
$6,789
$6,410
5.9
2)
Diluted Earnings per Common Share
$1.67
$2.70
(38.1)
Diluted Earnings per Common Share,
excluding Specified Items, as described below
$3.88
$3.65
6.3
2)
Average Number of Common Shares Outstanding
Plus Dilutive Common Stock Options
1,743
1,749
NOTES:
See table titled "Non-GAAP Reconciliation of Financial Information" for an explanation of certain non-GAAP financial information.
n/m = Percent change is not meaningful.
See footnotes on the following section.
1)
2026 Taxes on Earnings includes the recognition of approximately $95 million of net tax expense primarily as a result of the resolution of various tax positions related to prior years. 2026 Taxes on Earnings also includes approximately $540 million in adjustments related to prior recognition of a significant non-cash deferred tax benefit.
2025 Taxes on Earnings includes the recognition of approximately $90 million of net tax benefit as a result of the resolution of various tax positions related to prior years. 2025 Taxes on Earnings also includes approximately $460 million in adjustments related to prior recognition of a significant non-cash deferred tax benefit.
2)
2026 Net Earnings and Diluted Earnings per Common Share, excluding Specified Items, excludes net after-tax charges of $3.864 billion, or $2.21 per share, for intangible amortization, legal settlements, acquisitions, restructuring actions, and other net expenses.
2025 Net Earnings and Diluted Earnings per Common Share, excluding Specified Items, excludes net after-tax charges of $1.662 billion, or $0.95 per share, for intangible amortization, charges related to investment impairments, charges related to restructuring and cost reduction initiatives, expenses associated with acquisitions, and other net expenses.
Abbott Laboratories and Subsidiaries
Non-GAAP Reconciliation of Financial Information
Third Quarter Ended September 30, 2026 and 2025
(in millions, except per share data)
(unaudited)
3Q26
As
Reported
(GAAP)
Specified
Items
As
Adjusted
Intangible Amortization
$ 841
$ (841)
$ —
Gross Margin
6,544
904
7,448
R&D
920
(28)
892
SG&A
4,266
(761)
3,505
Other (income) expense, net
(164)
4
(160)
Earnings before taxes
1,231
1,689
2,920
Taxes on Earnings
311
132
443
Net Earnings
920
1,557
2,477
Diluted Earnings per Share
$ 0.53
$ 0.89
$ 1.42
Specified items reflect intangible amortization expense of $841 million, legal settlements of approximately $670 million and other net expenses of $178 million associated with acquisitions, restructuring actions, and other net expenses. See table titled "Details of Specified Items" for additional details regarding specified items.
3Q25
As
Reported
(GAAP)
Specified
Items
As
Adjusted
Intangible Amortization
$ 420
$ (420)
$ —
Gross Margin
5,874
470
6,344
R&D
766
(36)
730
SG&A
3,051
(47)
3,004
Other (income) expense, net
(150)
5
(145)
Earnings before taxes
2,180
548
2,728
Taxes on Earnings
536
(86)
450
Net Earnings
1,644
634
2,278
Diluted Earnings per Share
$ 0.94
$ 0.36
$ 1.30
Specified items reflect intangible amortization expense of $420 million and other net expenses of $128 million associated with restructuring actions, costs associated with acquisitions, and other net expenses. See table titled "Details of Specified Items" for additional details regarding specified items.
Abbott Laboratories and Subsidiaries
Non-GAAP Reconciliation of Financial Information
Nine Months Ended September 30, 2026 and 2025
(in millions, except per share data)
(unaudited)
9M26
As
Reported
(GAAP)
Specified
Items
As
Adjusted
Intangible Amortization
$ 1,921
$ (1,921)
$ —
Gross Margin
19,006
2,033
21,039
R&D
2,579
(77)
2,502
SG&A
12,031
(1,662)
10,369
Other (income) expense, net
(457)
(30)
(487)
Earnings before taxes
4,204
3,802
8,006
Taxes on Earnings
1,279
(62)
1,217
Net Earnings
2,925
3,864
6,789
Diluted Earnings per Share
$ 1.67
$ 2.21
$ 3.88
Specified items reflect intangible amortization expense of $1.921 billion, legal settlements of approximately $1.070 billion and other net expenses of $811 million associated with acquisitions, restructuring actions, and other net expenses. See table titled "Details of Specified Items" for additional details regarding specified items.
9M25
As
Reported
(GAAP)
Specified
Items
As
Adjusted
Intangible Amortization
$ 1,260
$ (1,260)
$ —
Gross Margin
17,212
1,396
18,608
R&D
2,207
(83)
2,124
SG&A
9,203
(58)
9,145
Other (income) expense, net
(414)
(31)
(445)
Earnings before taxes
6,108
1,568
7,676
Taxes on Earnings
1,360
(94)
1,266
Net Earnings
4,748
1,662
6,410
Diluted Earnings per Share
$ 2.70
$ 0.95
$ 3.65
Specified items reflect intangible amortization expense of $1.260 billion and other net expenses of $308 million associated with restructuring actions, acquisitions, investment impairment charges, and other net expenses. See table titled "Details of Specified Items" for additional details regarding specified items.
A reconciliation of the third-quarter tax rates for 2026 and 2025 is shown below:
3Q26
($ in millions)
Pre-Tax
Income
Taxes on
Earnings
Tax
Rate
As reported (GAAP)
$ 1,231
$ 311
25.3 %
1)
Specified items
1,689
132
Excluding specified items
$ 2,920
$ 443
15.2 %
3Q25
($ in millions)
Pre-Tax
Income
Taxes on
Earnings
Tax
Rate
As reported (GAAP)
$ 2,180
$ 536
24.6 %
2)
Specified items
548
(86)
Excluding specified items
$ 2,728
$ 450
16.5 %
1)
2026 Taxes on Earnings includes the recognition of approximately $35 million of net tax expense primarily as a result of the resolution of various tax positions related to prior years. 2026 Taxes on Earnings also includes approximately $100 million in adjustments related to prior recognition of a significant non-cash deferred tax benefit.
2)
2025 Taxes on Earnings includes approximately $160 million in adjustments related to prior recognition of a significant non-cash deferred tax benefit.
A reconciliation of the year-to-date tax rates for 2026 and 2025 is shown below:
9M26
($ in millions)
Pre-Tax
Income
Taxes on
Earnings
Tax
Rate
As reported (GAAP)
$ 4,204
$ 1,279
30.4 %
3)
Specified items
3,802
(62)
Excluding specified items
$ 8,006
$ 1,217
15.2 %
9M25
($ in millions)
Pre-Tax
Income
Taxes on
Earnings
Tax
Rate
As reported (GAAP)
$ 6,108
$ 1,360
22.3 %
4)
Specified items
1,568
(94)
Excluding specified items
$ 7,676
$ 1,266
16.5 %
3)
2026 Taxes on Earnings includes the recognition of approximately $95 million of net tax expense primarily as a result of the resolution of various tax positions related to prior years. 2026 Taxes on Earnings also includes approximately $540 million in adjustments related to prior recognition of a significant non-cash deferred tax benefit.
4)
2025 Taxes on Earnings includes the recognition of approximately $90 million of net tax benefit as a result of the resolution of various tax positions related to prior years. 2025 Taxes on Earnings also includes approximately $460 million in adjustments related to prior recognition of a significant non-cash deferred tax benefit.
Abbott Laboratories and Subsidiaries
Non-GAAP Revenue Reconciliation
Third Quarter Ended September 30, 2026 and 2025
($ in millions)
(unaudited)
3Q26
3Q25
% Change vs. 3Q25
Non-GAAP
Abbott
Reported
Foreign
exchange
Comparable
Revenue
Abbott
Reported
Impact of
acquisition (a)
Impact
of multi-year
agreement (b)
Comparable
Revenue
Reported
Comparable
Total Company
13,013
40
13,053
11,369
851
(23)
12,197
14.5
7.0
U.S.
5,504
—
5,504
4,299
824
(23)
5,100
28.0
7.9
Intl
7,509
40
7,549
7,070
27
—
7,097
6.2
6.4
Total Diagnostics
3,305
(2)
3,303
2,253
851
—
3,104
46.7
6.4
U.S.
1,853
—
1,853
886
824
—
1,710
109.2
8.4
Intl
1,452
(2)
1,450
1,367
27
—
1,394
6.2
4.0
Total Cancer Diagnostics
968
—
968
—
851
—
851
n/a
13.8
U.S.
938
—
938
—
824
—
824
n/a
13.9
Intl
30
—
30
—
27
—
27
n/a
12.1
Total Medical Devices
5,826
22
5,848
5,448
—
(23)
5,425
6.9
7.8
U.S.
2,687
—
2,687
2,521
—
(23)
2,498
6.6
7.6
Intl
3,139
22
3,161
2,927
—
—
2,927
7.2
8.0
Total Structural Heart*
592
4
596
580
—
(23)
557
1.9
6.9
U.S.
228
—
228
256
—
(23)
233
(11.1)
(2.3)
Intl
364
4
368
324
—
—
324
12.2
13.5
*
Abbott's Amplatzer Amulet Left Atrial Appendage Occluder device and related accessories were transferred from Structural Heart to Electrophysiology on January 1, 2026. As a result, $55 million of sales in the third quarter of 2025 were moved from Structural Heart to Electrophysiology.
a)
The adjustment includes historical sales for Exact Sciences prior to the acquisition date. Exact Sciences was acquired by Abbott on March 23, 2026.
b)
Reflects the impact of compensation payments that Abbott's Structural Heart business received as part of a multi-year agreement with a competitor. The final payment under this agreement was recognized in the first quarter of 2026.
Abbott Laboratories and Subsidiaries
Non-GAAP Revenue Reconciliation
Nine Months Ended September 30, 2026 and 2025
($ in millions)
(unaudited)
9M26
9M25
% Change vs. 9M25
Non-GAAP
Abbott
Reported
Impact of
acquisition (a)
Impact
of multi-year
agreement (b)
Foreign
exchange
Comparable
Revenue
Abbott
Reported
Impact of
acquisition (a)
Impact
of multi-year
agreement (b)
Comparable
Revenue
Reported
Comparable
Total Company
36,770
706
(8)
(460)
37,008
32,869
2,369
(69)
35,169
11.9
5.2
U.S.
14,994
681
(8)
—
15,667
12,743
2,294
(69)
14,968
17.7
4.7
Intl
21,776
25
—
(460)
21,341
20,126
75
—
20,201
8.2
5.7
Total Diagnostics
8,577
706
—
(100)
9,183
6,480
2,369
—
8,849
32.4
3.8
U.S.
4,418
681
—
—
5,099
2,568
2,294
—
4,862
72.0
4.9
Intl
4,159
25
—
(100)
4,084
3,912
75
—
3,987
6.3
2.4
Total Cancer Diagnostics
1,983
706
—
(1)
2,688
—
2,369
—
2,369
n/a
13.5
U.S.
1,921
681
—
—
2,602
—
2,294
—
2,294
n/a
13.5
Intl
62
25
—
(1)
86
—
75
—
75
n/a
15.0
Total Medical Devices
17,218
—
(8)
(284)
16,926
15,712
—
(69)
15,643
9.6
8.2
U.S.
7,890
—
(8)
—
7,882
7,363
—
(69)
7,294
7.1
8.1
Intl
9,328
—
—
(284)
9,044
8,349
—
—
8,349
11.7
8.3
Total Structural Heart*
1,767
—
(8)
(31)
1,728
1,692
—
(69)
1,623
4.4
6.5
U.S.
677
—
(8)
—
669
753
—
(69)
684
(10.2)
(2.3)
Intl
1,090
—
—
(31)
1,059
939
—
—
939
16.1
12.8
*
Abbott's Amplatzer Amulet Left Atrial Appendage Occluder device and related accessories were transferred from Structural Heart to Electrophysiology on January 1, 2026. As a result, $156 million of sales in the first nine months of 2025 were moved from Structural Heart to Electrophysiology.
a)
The adjustment includes historical sales for Exact Sciences prior to the acquisition date. Exact Sciences was acquired by Abbott on March 23, 2026.
b)
Reflects the impact of compensation payments that Abbott's Structural Heart business received as part of a multi-year agreement with a competitor. The final payment under this agreement was recognized in the first quarter of 2026.
Abbott Laboratories and Subsidiaries
Details of Specified Items
Third Quarter Ended September 30, 2026
(in millions, except per share data)
(unaudited)
Acquisition or
Divestiture-
related (a)
Restructuring
and Cost
Reduction
Initiatives (b)
Intangible
Amortization
Other (c)
Total
Specifieds
Gross Margin
$ 10
$ 29
$ 841
$ 24
$ 904
R&D
(7)
(5)
—
(16)
(28)
SG&A
(47)
(20)
—
(694)
(761)
Other (income) expense, net
(8)
(1)
—
13
4
Earnings before taxes
$ 72
$ 55
$ 841
$ 721
1,689
Taxes on Earnings (d)
132
Net Earnings
$ 1,557
Diluted Earnings per Share
$ 0.89
The table above provides additional details regarding the specified items described on table titled "Non-GAAP Reconciliation of Financial Information."
a)
Acquisition-related expenses include integration costs that represent incremental costs directly related to integrating acquired businesses, as well as other costs related to business acquisitions.
b)
Restructuring and cost reduction initiative expenses include severance, outplacement, and other direct costs associated with specific restructuring plans.
c)
Other primarily includes approximately $670 million related to agreements entered into to resolve the Gill case and the necrotizing enterocolitis (NEC) claims asserted on behalf of approximately 2,000 additional infants, as well as incremental costs to comply with the European Union's Medical Device Regulations (MDR) and In Vitro Diagnostics Medical Device Regulations (IVDR) requirements for previously approved products.
d)
Reflects the net tax benefit associated with the specified items and recognition of a tax expense as a result of the resolution of various tax positions related to prior years. Taxes on Earnings includes approximately $100 million in adjustments related to prior recognition of a significant non-cash deferred tax benefit.
Abbott Laboratories and Subsidiaries
Details of Specified Items
Third Quarter Ended September 30, 2025
(in millions, except per share data)
(unaudited)
Acquisition or
Divestiture-
related (a)
Restructuring
and Cost
Reduction
Initiatives (b)
Intangible
Amortization
Other (c)
Total
Specifieds
Gross Margin
$ —
$ 44
$ 420
$ 6
$ 470
R&D
—
(19)
—
(17)
(36)
SG&A
(9)
(43)
—
5
(47)
Other (income) expense, net
7
—
—
(2)
5
Earnings before taxes
$ 2
$ 106
$ 420
$ 20
548
Taxes on Earnings (d)
(86)
Net Earnings
$ 634
Diluted Earnings per Share
$ 0.36
The table above provides additional details regarding the specified items described on table titled "Non-GAAP Reconciliation of Financial Information."
a)
Acquisition-related expenses include integration costs, which represent incremental costs directly related to integrating acquired businesses.
b)
Restructuring and cost reduction initiative expenses include severance, outplacement, and other direct costs associated with specific restructuring plans and cost reduction initiatives.
c)
Other includes incremental costs to comply with the European Union's Medical Device Regulations (MDR) and In Vitro Diagnostics Medical Device Regulations (IVDR) requirements for previously approved products.
d)
Reflects the net tax benefit associated with the specified items. Taxes on Earnings includes approximately $160 million in adjustments related to prior recognition of a significant non-cash deferred tax benefit.
Abbott Laboratories and Subsidiaries
Details of Specified Items
Nine Months Ended September 30, 2026
(in millions, except per share data)
(unaudited)
Acquisition or
Divestiture-
related (a)
Restructuring
and Cost
Reduction
Initiatives (b)
Intangible
Amortization
Other (c)
Total
Specifieds
Gross Margin
$ 44
$ 40
$ 1,921
$ 28
$ 2,033
R&D
(18)
(15)
—
(44)
(77)
SG&A
(533)
(54)
—
(1,075)
(1,662)
Other (income) expense, net
(9)
(4)
—
(17)
(30)
Earnings before taxes
$ 604
$ 113
$ 1,921
$ 1,164
3,802
Taxes on Earnings (d)
(62)
Net Earnings
$ 3,864
Diluted Earnings per Share
$ 2.21
The table above provides additional details regarding the specified items described on table titled "Non-GAAP Reconciliation of Financial Information."
a)
Acquisition-related expenses include stock-based compensation recognized as expense from equity awards accelerated in connection with the Exact Sciences acquisition, integration costs that represent incremental costs directly related to integrating acquired businesses, as well as other costs related to business acquisitions, including inventory step-up amortization.
b)
Restructuring and cost reduction initiative expenses include severance, outplacement and other direct costs associated with specific restructuring plans.
c)
Other primarily includes approximately $670 million related to agreements entered into to resolve the Gill case and the NEC claims asserted on behalf of approximately 2,000 additional infants; approximately $400 million, including attorneys' fees and accrued interest, related to an agreement to resolve the United States Department of Justice (DOJ) investigations and the civil qui tam lawsuit brought by certain relators and joined by the DOJ and Attorneys General of several states; as well as incremental costs to comply with the European Union's Medical Device Regulations (MDR) and In Vitro Diagnostics Medical Device Regulations (IVDR) requirements for previously approved products.
d)
Reflects the net tax benefit associated with the specified items and recognition of a tax expense as a result of the resolution of various tax positions related to prior years. Taxes on Earnings includes approximately $540 million in adjustments related to prior recognition of a significant non-cash deferred tax benefit.
Abbott Laboratories and Subsidiaries
Details of Specified Items
Nine Months Ended September 30, 2025
(in millions, except per share data)
(unaudited)
Acquisition or
Divestiture-
related (a)
Restructuring
and Cost
Reduction
Initiatives (b)
Intangible
Amortization
Other (c)
Total
Specifieds
Gross Margin
$ 1
$ 125
$ 1,260
$ 10
$ 1,396
R&D
(1)
(42)
—
(40)
(83)
SG&A
(15)
(49)
—
6
(58)
Other (income) expense, net
(18)
—
—
(13)
(31)
Earnings before taxes
$ 35
$ 216
$ 1,260
$ 57
1,568
Taxes on Earnings (d)
(94)
Net Earnings
$ 1,662
Diluted Earnings per Share
$ 0.95
The table above provides additional details regarding the specified items described on table titled "Non-GAAP Reconciliation of Financial Information."
a)
Acquisition-related expenses include integration costs, which represent incremental costs directly related to integrating acquired businesses, as well as other costs related to business acquisitions.
b)
Restructuring and cost reduction initiative expenses include severance, outplacement, and other direct costs associated with specific restructuring plans and cost reduction initiatives.
c)
Other includes incremental costs to comply with the MDR and IVDR regulations for previously approved products and charges for investment impairments.
d)
Reflects the net tax benefit associated with the specified items and recognition of a tax benefit as a result of the resolution of various tax positions related to prior years. Taxes on Earnings includes approximately $460 million in adjustments related to prior recognition of a significant non-cash deferred tax benefit.
Collins Aerospace, divize společnosti RTX, nabídne od roku 2027 modernizace radiovýškoměrů, které splní nové standardy FAA a budou odolné vůči rušení sítěmi 5G, aniž by bylo nutné systémy vyměňovat.
Upgrades strengthen aircraft resilience as aviation adapts to increased wireless spectrum use
, /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, today announced upgrades for its family of radio altimeters, providing business aviation operators a clear path to meet new Federal Aviation Administration (FAA) operational standards.
Collins is providing simplified upgrade paths to its existing radio altimeter variants that meet the new FAA requirements and have demonstrated resilience to 5G interference without the need to replace existing systems.
"Business aviation operators are navigating important regulatory requirements that touch every aircraft flying in U.S. airspace," said Craig Bries, vice president and general manager of Airborne Electronics at Collins Aerospace. "By updating existing equipment, we're making compliance simple while delivering upgrades that enhance safety, strengthen connectivity and support precise navigation in the years ahead."
Collins' radio altimeters are engineered to provide precise, reliable measurements of an aircraft's height above terrain, supporting critical functionality such as automatic flight control, cockpit instrument displays and warning systems. The systems are designed to filter out false altitude returns caused by structures, nearby aircraft or ground features, helping maintain consistent situational awareness during critical stages of flight.
Collins service centers will begin providing upgrades in 2027, as part of a multi-year effort to bring business aviation fleets into compliance with the new standards. Because tens of thousands of aircraft will require updates, early scheduling will help operators avoid delays and ensure they meet upcoming deadlines.
Collins' radio altimeter upgrades are part of the company's broader airspace modernization efforts, introducing new capabilities while strengthening the proven systems on which airspace users and managers depend. This includes avionics that support increasingly capable operations and technologies that connect aircraft, controllers, infrastructure and data. Together, these efforts are designed to make aviation more resilient, connected and capable as traffic, technology and operational demands grow.
About Collins Aerospace
Collins Aerospace, an RTX business, provides advanced aerospace and defense solutions across avionics, aircraft interiors, aerostructures and engine components, mission systems, and power and control systems. Our global employees are dedicated to delivering innovative technologies to enhance aircraft performance, passenger comfort, operational safety and reliability.
About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.
For questions or to schedule an interview, please contact [email protected].
Broadcom spustil Arcot Scam Defense, který v reálném čase odhaluje a blokuje podvody využívající sociální inženýrství při online karetních platbách, a to i po úspěšném ověření 3-D Secure.
PALO ALTO, Calif., Oct. 21, 2026 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops, and supplies semiconductors and infrastructure software, today announced the launch of Arcot Scam Defense, a groundbreaking new feature of Arcot by Broadcom, designed to block social engineering fraud during card-not-present (CNP) transactions.
“Financial institutions are experiencing broad increases in fraud attempts driven by sophisticated, AI-enhanced social engineering attacks,” said Matt Cooke, vice president and general manager, Payment Security Division, Broadcom. “While technological security systems have advanced and are highly effective at blocking fraud, fraudsters have pivoted their efforts to hacking customers directly. By impersonating trusted brands and institutions, they trick cardholders into revealing passwords or completing step-up authentications. Cardholders usually remain unaware that they have handed over the keys to the castle until after the scam.”
How Social Engineering Works
During a payment flow, once a cardholder completes a 3-D Secure authentication challenge, by entering a one-time password (OTP) or using a biometric, the transaction is treated as legitimate and is approved by a financial institution’s primary risk models. While real-time risk assessment models are highly effective at flagging suspicious transactions, they are not designed to stop a legitimate account holder actively under the influence of a scam.
Introducing Arcot Scam Defense
“Arcot Scam Defense closes a critical gap,” added Cooke. “It serves as the definitive safety net against social engineering attacks. Operating as a real-time second layer of defense, it leverages advanced intelligence during authentication to flag suspected fraud – even after a successful challenge. By closing the approval door on these attacks, we increase cardholder safety and drive down fraud losses, while continuing to allow legitimate transactions through.”
Arcot Scam Defense analyzes a broad range of signals across transaction information, device intelligence, historical behavior, and the challenge interaction itself to identify patterns indicative of social engineering. These can include discrepancies in the location and behavior of the transacting checkout device and the authenticating device, delayed OTP entry, the use of an alternative authentication method, or a significant physical distance between the two devices. These signals are evaluated collectively to inform a real-time decision rather than relying on any single indicator. Additionally, the solution can integrate with third-party solutions to determine if the authenticating device is on an active phone call, which is a prime indicator of social engineering.
Even if a cardholder falls for a scam and hands over their credentials, Broadcom’s Arcot Scam Defense feature can help identify the behavioral shift and block the transaction in real time.
The scale of the problem is immense, with nearly half a billion dollars in fraud reported over the last 12 months on successfully authenticated challenges. In pilot testing validated on a full month of live data, the Arcot Scam Defense feature demonstrated exceptional performance. For one major pilot issuer, reviewing just the top 1% of successful challenges would have protected an estimated $4 million in fraud in just a month, at a cost of only 0.38 points off their authentication success rate.
Looking ahead, Broadcom expects to expand Arcot Scam Defense’s capabilities by adding new signals, including cardholder and device attributes, and a dedicated challenge history profiling engine to learn each cardholder's past challenge behavior.
Arcot by Broadcom is exclusively focused on 3-D Secure payment authentication. For more information on how Arcot is redefining payment security, visit https://www.broadcom.com/products/software/payment-security.
About Broadcom
Broadcom Inc. (NASDAQ: AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations' complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology, at scale. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, visit www.broadcom.com.
Broadcom, the pulse logo, and Connecting everything are among the trademarks of Broadcom. The term "Broadcom" refers to Broadcom Inc., and/or its subsidiaries. Other trademarks are the property of their respective owners.
Press Contact:
Eloy Ontiveros
Broadcom Global Communications
+1.650.427.6145 [email protected]
Broadcom (AVGO) dosáhl ve 3. čtvrtletí rekordních výsledků díky prudkému růstu tržeb z čipů pro umělou inteligenci a zvýšil víceletý výhled hospodaření v oblasti umělé inteligence.
SummaryBroadcom is upgraded from Hold to Buy, with a blended fair value of $405 versus a $334.37 close.Record Q3 results, surging AI semiconductor revenue, and upgraded multi-year AI guidance drive the improved outlook.My base case model conservatively discounts management’s aggressive 2028 AI revenue forecasts, reflecting caution on vendor-financed demand.Risks include seller-funded backlog quality, AI capex durability, and potential margin pressure, but even conservative scenarios support a Buy rating. Sundry Photography/iStock Editorial via Getty Images
Introduction In late July, I started covering Broadcom (AVGO) with a Hold and my rating went against the tide of buy articles. I was cautious given numerous issues that later in September
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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Společnost Stryker získala od FDA povolení 510(k) pro Sonopet 3, platformu pro odstraňování kostní a měkké tkáně. První klinické použití má začít v říjnu, komerční uvedení se očekává na podzim 2026.
Key Takeaways Stryker gains FDA clearance for Sonopet 3, with first clinical cases set for October and a fall 2026 launch.SYK shares gained more than 2% since the Oct. 14 announcement, despite a 7.1% year-to-date decline.Sonopet 3's RISE integration and Pulse Control aim to boost surgical efficiency, precision and adoption.
Stryker (SYK - Free Report) recently received FDA 510(k) clearance for Sonopet 3, its latest ultrasonic bone and soft tissue removal platform. Developed in collaboration with surgeons, the new system is designed to enhance surgical power, precision and workflow efficiency. The first clinical cases are expected to begin in October, with a full commercial launch anticipated later this fall.
The launch marks another step in Stryker’s efforts to strengthen its neurosurgical portfolio through product innovation and surgeon-focused technologies. The new platform could support customer engagement and create revenue growth opportunities as commercialization progresses. However, near-term financial contribution will likely depend on the pace of adoption, demand from hospitals and surgical centers, and the company's ability to translate the product's performance improvements into broader market penetration.
SYK Stock Trend Following the NewsFollowing the announcement on Oct. 14, SYK stock has gained more than 2% till yesterday’s close. Year to date, shares of the company have lost 13.4% compared with the industry’s 13.4% decline and the S&P 500’s 12% rise.
Stryker’s launch of Sonopet 3 could support its long-term growth by strengthening its neurosurgical portfolio and reinforcing its focus on surgeon-driven innovation. The platform’s enhanced power, precision and workflow integration could improve its appeal to surgeons and healthcare providers, supporting customer retention and adoption across surgical settings. Over time, successful commercialization could create incremental revenue opportunities and strengthen Stryker’s competitive positioning in the neurosurgery market.
SYK currently has a market capitalization of $108.02 billion.
Image Source: Zacks Investment Research
More on the NewsSonopet 3 was developed with feedback from hundreds of surgeons, with design improvements guided by their requirements for greater power, better ergonomics and enhanced integration in demanding surgical environments. The platform incorporates RISE, or Reimagined Integrated Surgical Experience, which is designed to support a more connected surgical workflow, and Pulse Control, which gives surgeons additional control over the removal of hard and soft tissues. These features are intended to improve usability and help streamline surgical workflows across different settings. According to Stryker, the enhancements reflect its focus on incorporating customer feedback into product development and advancing its neurosurgical technologies.
Stryker expects the first clinical cases using Sonopet 3 to begin in October, ahead of a full commercial launch anticipated later in fall 2026. The upcoming rollout will be an important step in gauging the platform's initial reception among surgeons and healthcare providers. Successful adoption could strengthen Stryker's competitive position in neurosurgery and create opportunities to deepen relationships with hospitals and surgical teams.
However, the company has not disclosed specific sales targets or the expected financial contribution from Sonopet 3. Its commercial impact will therefore depend on the pace of market adoption and the extent to which the new platform translates its performance and workflow enhancements into sustained customer demand.
Industry Prospects Favoring the MarketAccording to data provided by Persistence Market Research, the global neurosurgery market size is expected to be valued at $5.9 billion in 2026 and projected to reach $8.4 billion by 2033, expanding at a CAGR of 5.1% between 2026 and 2033.
The market is driven by the rise in global burden of neurological conditions, including traumatic brain injury, stroke, brain tumors and epilepsy, combined with rapid innovation in minimally invasive neurosurgical techniques, neuro-interventional devices and stereotactic radiosurgery systems.
Other NewsIn September, SYK announced an expansion of its Foot & Ankle portfolio, launching Prophecy Surgical Planning for the Incompass Total Ankle System and introducing Hoffmann LRF smartHEX at the 2026 American Orthopedic Foot & Ankle Society Annual Meeting. The new additions are designed to advance patient-specific surgical planning, implant flexibility and connected care across ankle replacement and limb reconstruction procedures.
Some better-ranked stocks from the broader medical space are OPKO Health (OPK - Free Report) , Globus Medical (GMED - Free Report) and Merit Medical Systems (MMSI - Free Report) .
OPKO Health, currently flaunting a Zacks Rank #1 (Strong Buy), reported a second-quarter 2026 adjusted loss of 1 cent per share, which surpassed the Zacks Consensus Estimate by 87.5%. Revenues of $163.6 million beat the Zacks Consensus Estimate by 24.7%. You can see the complete list of today’s Zacks #1 Rank stocks here.
OPK has an estimated earnings growth rate of 23.3% for 2026. The company’s earnings beat estimates in each of the trailing four quarters, the average surprise being 95.1%.
Globus Medical, currently carrying a Zacks Rank #2 (Buy), reported a second-quarter 2026 adjusted earnings per share (EPS) of $1.34, which surpassed the Zacks Consensus Estimate by 19.6%. Revenues of $789.6 million beat the Zacks Consensus Estimate by 0.4%.
GMED has an estimated long-term earnings growth rate of 12.4%. The company’s earnings beat estimates in each of the trailing four quarters, the average surprise being 27.9%.
Merit Medical Systems, carrying a Zacks Rank #2 at present, reported second-quarter 2026 adjusted EPS of $1.19, which beat the Zacks Consensus Estimate by 23.9%. Revenues of $418.8 million surpassed the Zacks Consensus Estimate by 3.5%.
MMSI has an estimated long-term earnings growth rate of 10.4%. MMSI’s earnings surpassed estimates in the trailing four quarters, with the average surprise being 14.1%.
Poptávka po endpointovém zabezpečení společnosti CrowdStrike ve druhém čtvrtletí fiskálního roku 2027 zrychlovala již čtvrté čtvrtletí po sobě díky širšímu využívání AI agentů.
Key Takeaways CRWD's endpoint business accelerated for the fourth consecutive quarter, driven by rising AI agent adoption.CRWD reports Claude usage rose over 400%, while custom agent usage increased more than 100%. CRWD could gain customers as enterprises replace legacy antivirus tools that may miss rogue AI agents.
CrowdStrike (CRWD - Free Report) is seeing stronger demand for endpoint security as companies expand their use of artificial intelligence (AI) tools and agents. In the second quarter of fiscal 2027, CrowdStrike's endpoint business accelerated for the fourth consecutive quarter. The company said the increase was driven by the growing use of AI on endpoints, including tools such as Claude, Codex and custom agentic applications.
AI usage on endpoints is growing quickly. CrowdStrike said Claude usage across a sample of its customers increased more than 400% in recent months, while custom agent usage grew over 100%. As these tools gain wider use, companies are facing new risks, including code exploitation, data leakage and identity compromise. This is increasing the need to secure AI activity directly on endpoints.
CrowdStrike is also benefiting from customers replacing older endpoint security products. A large financial services firm replaced a next-generation endpoint detection and response product in an eight-figure Falcon Flex deal covering more than 100 entities and hundreds of thousands of endpoints. The customer selected CrowdStrike’s platform for detection coverage, ease of deployment and lower endpoint impact.
There is still room for further endpoint adoption. Management said about half of the market continues to use legacy antivirus products, which may not be designed to identify rogue AI agents or shadow AI. As enterprises move more AI workloads to employee devices, CrowdStrike could have more opportunities to win new customers and expand within its existing base. This could keep endpoint demand growing as AI adoption increases.
The Zacks Consensus Estimate for fiscal 2027 and 2028 indicates revenue growth of 24.8% and 22.6%, respectively.
How Competitors Fare Against CRWDCompetitors like Palo Alto Networks (PANW - Free Report) and SentinelOne (S - Free Report) are also gaining ground through platform expansion and AI innovation.
PANW is expanding its endpoint security capabilities as AI tools and autonomous agents become more common on employee devices. Following its acquisition of Koi, the company is developing an agentic endpoint security strategy to monitor AI activity and prevent unauthorized actions. PANW aims to provide visibility from the initial prompt to the final action and block threats as they occur. The company reported more than 100 customer wins in the fourth quarter of fiscal 2026 for its agentic endpoint strategy, representing a 2.5-fold increase since completing the Koi integration.
SentinelOne is also targeting the endpoint security market through its Singularity Endpoint platform, which provides endpoint detection and response (EDR) with automated threat detection and remediation. The company sees an opportunity to replace legacy antivirus products, noting that nearly half of the sector still relies on these older tools. In the second quarter of fiscal 2027, a major government agency selected Singularity EDR after evaluating its real-time detection, autonomous response and total cost of ownership. SentinelOne also reported a deal with an international retailer that replaced a legacy endpoint vendor while expanding its use of the Singularity platform.
CRWD’s Price Performance, Valuation & EstimatesShares of CrowdStrike have surged 94% in the year-to-date period compared with the Zacks Security industry’s appreciation of 83.8%.
CRWD’s YTD Price Return Performance
Image Source: Zacks Investment Research
From a valuation standpoint, CrowdStrike trades at a forward price-to-sales ratio of 33.41, significantly higher than the industry’s average of 17.97. The Zacks Value Score of F suggests that CRWD stock is overvalued.
CRWD’s Forward 12-Month P/S Ratio
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for CrowdStrike’s fiscal 2027 and 2028 earnings indicates year-over-year growth of 35.5% and 28.2%, respectively. The estimates for fiscal 2027 and 2028 have remained unchanged over the past 30 days.
Image Source: Zacks Investment Research
CrowdStrike currently has a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
Of course, all our elite picks aren't winners, but this one could far surpass earlier Zacks' Stocks Set to Double like D-Wave Quantum, which shot up +680.1%.
COLUMBUS, Ohio, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the leading technology company in car insurance, today announced that Root Insurance is now available in Wyoming, expanding its auto insurance availability to 38 states representing 81% of the U.S. population. The launch of Root Insurance in Wyoming advances the company toward its goal of providing coverage across the contiguous United States by the end of 2027.
Wyoming drivers can now get a Root car insurance quote, customize their coverage, and purchase a policy in just minutes, and manage their policy directly in the Root app. Root uses technology and data science to more precisely understand and price risk while creating a simple, digital insurance experience for customers.
“Launching in Wyoming brings us another step closer to making Root available to drivers across the country,” said Alex Timm, Root Founder and CEO. “We’ve built a technology and data science platform that allows us to enter new markets efficiently and give more consumers access to a personalized, easy insurance experience. Wyoming drivers can now get a quote and purchase coverage whenever they're ready, making it possible to get insured and on the road the same day. We're excited to bring that experience to more drivers as we continue expanding nationwide.”
Root car insurance is now available in Wyoming
Wyoming drivers can now shop for, purchase, and manage Root auto insurance digitally. Root offers Wyoming customers the ability to:
Get a Root insurance quote and purchase coverage in minutes: Wyoming drivers can get a quote and purchase a policy online in just minutes.Customize their auto insurance coverage: Customers can select from available coverage limits and deductibles to find a policy that fits their individual needs.Manage their policy digitally: Root customers can access insurance documents, make policy changes, and start a claim through the Root mobile app.Access Root through multiple channels: Root offers insurance directly to consumers and through a growing network of independent insurance agents and distribution partners. Root offers personal auto insurance in Wyoming, including liability, comprehensive, and collision coverage, subject to eligibility and availability.
Car insurance coverage options available in Wyoming
Root offers Wyoming drivers a range of car insurance coverage options to meet their needs and protect them on the road. Available coverages include:
Liability Coverage: Helps pay for injuries and property damage you cause to others in an accident.Collision Coverage: Helps pay to repair or replace your vehicle if it's damaged in a collision, regardless of fault.Comprehensive Coverage: Helps cover damage to your vehicle from events outside of collisions, including theft, vandalism, severe weather, and falling objects.
Wyoming drivers can customize their policies by selecting available coverage options, limits, and deductibles that fit their needs and budgets. Coverage options are subject to eligibility and availability.
Root expands car insurance availability to 38 states
Wyoming is the 38th state where Root offers auto insurance, following the company's expansion into New Jersey in July 2026. With this latest launch, Root now offers car insurance in states representing 81% of the U.S. population and continues working toward its goal of expanding across the contiguous United States by the end of 2027.
Root was founded in 2015 in Columbus, Ohio, with a focus on using technology, data science, and driving behavior to improve how car insurance is priced and experienced. Its technology platform supports efficient geographic expansion and allows Root to reach customers through its direct-to-consumer channel, independent insurance agents, and distribution partners.
How to get Root car insurance in Wyoming
Wyoming drivers can get a quote and purchase coverage through the Root mobile app or by visiting the Wyoming car insurance page. Drivers can also start a quote online.
No test drive is required to purchase a Root policy in Wyoming. Eligible drivers can get a quote, select their coverage, and purchase insurance immediately through Root's digital experience.
Coverage, discounts, and eligibility may vary. Root auto insurance in Wyoming is underwritten by Root Property & Casualty Insurance Company.
Frequently Asked Questions About Root Insurance in Wyoming
Is Root Insurance available in Wyoming?
Yes. Root Insurance is now available in Wyoming. Wyoming is the 38th state where Root offers car insurance, expanding its availability to states representing 81% of the U.S. population.
Can I get Root car insurance immediately in Wyoming?
Yes. Wyoming drivers can get a Root car insurance quote and purchase coverage immediately, without completing a test drive or waiting for a driving evaluation. Eligible drivers can purchase a policy online in just minutes.
Does Root Insurance require a test drive?
No. Root Insurance does not require a test drive to purchase car insurance. Drivers can get a quote online, customize their coverage, and purchase a policy right away.
How much can you save with Root Insurance in Wyoming?
Safe drivers who switch to Root Insurance can save up to $1,300 annually, subject to driving behaviors and chosen coverage levels.*
*Potential annual savings based on survey of actual customers who purchased a new Root policy in active markets between February 2025 - February 2026 and reported savings; changes in coverage levels not evaluated. Potential savings will vary.
What types of car insurance coverage does Root offer in Wyoming?
Root offers personal auto insurance in Wyoming, including liability, comprehensive, and collision coverage, subject to eligibility and availability. Drivers can explore available coverage options at Root's Wyoming car insurance page.
How can I get a Root car insurance quote in Wyoming?
Wyoming drivers can get a quote and purchase coverage through the Root mobile app or by visiting the Wyoming car insurance page. Drivers can also start a quote online.
Can I buy and manage my Root car insurance online?
Yes. Root provides a digital insurance experience that allows customers to purchase and manage policies, access insurance documents, make policy changes, and start a claim through the Root mobile app.
Is Root Insurance available through independent insurance agents in Wyoming?
Root's availability through independent insurance agents in Wyoming is subject to confirmation. Agents interested in selling Root Insurance can apply, begin the process and get appointed in as little as 24 hours.
How many states does Root Insurance operate in?
Root now offers auto insurance in 38 states, including Wyoming, representing 81% of the U.S. population. The company plans to expand across the contiguous United States by the end of 2027.
Where is Root Insurance available?
Root offers car insurance in 38 states, including Wyoming. Consumers can check availability in their state and explore coverage options online.
About Root, Inc.
Root Insurance is a technology company revolutionizing car insurance through data science and automation. Founded in 2015 and based in Columbus, Ohio, Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company. The Root app has reached more than 18 million downloads and has analyzed more than 37 billion miles of driving data to deliver personalized, easy, and fair pricing. Root is available in 38 states and offers auto insurance to consumers across the United States through its direct-to-consumer channel, independent insurance agents, and distribution partners.
Root Inc, Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws regarding Root, Inc. These forward-looking statements relate to, among other things, expectations about our future business results, the success of our business in Wyoming, and our ability to complete our expansion into the contiguous U.S. by year-end 2027. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond the company's control and are difficult to predict. We have based our forward-looking statements on our current expectations, estimates, and projections about our industry and our company. We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they involve risks, uncertainties, and assumptions that we cannot predict. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast. In accordance with “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, we have included in Root's Form 10-K for the year ended Dec. 31, 2025, and other SEC filings, cautionary language identifying important factors that could cause future outcomes to differ materially from those set forth in the forward-looking statements. Copies of Root's Form 10-K and other SEC filings are available on the SEC's website, Root's website at ir.joinroot.com/investor-relations, or by contacting Root's Investor Relations office.
BigCommerce a Cloudflare spustily WebMCP, který umožní AI asistentům přímo vyhledávat, porovnávat a nakupovat ve způsobilých e-shopech BigCommerce bez nutnosti konfigurace ze strany obchodníků; funkce je pro ně ve výchozím nastavení zapnutá.
AUSTIN, Texas, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Commerce.com (Nasdaq: CMRC), the open commerce ecosystem built to help merchants win as AI reshapes how customers discover and buy, today announced a partnership with Cloudflare that lets AI agents in a customer’s web browser search, compare and shop directly on BigCommerce merchants’ online stores with no setup required. The new functionality is turned on by default for eligible BigCommerce merchants.
Shoppers increasingly ask AI agents to find and compare products for them, but most online stores were designed for people to read and click, which leaves agents guessing at buttons and forms. WebMCP is a standard that lets a website tell a shopper’s browser agent directly what it sells and what it can do.
For example, a shopper might ask their browser agent to “find a lightweight jacket in my size under $150.” The agent can search the store’s actual products and prices, add the best match to a cart and hand back a link to complete checkout on the merchant’s store.
For merchants, that means showing up when shoppers use AI to shop with accurate prices and stock pulled directly from the store. Merchants don’t need to write code or change their site. Checkout, the customer relationship and the brand stay with the merchant. Merchants can turn off the feature in a new settings menu, which also manages all of Commerce’s AI connections.
“Every AI assistant is about to become a shopping assistant, and most of them are still guessing their way through storefronts the way a bot would, clicking and scraping and getting prices and inventory wrong,” said Sharon Gee, senior vice president of product for AI at Commerce. “WebMCP replaces guessing with a handshake. A shopper's agent asks the store directly for what's in stock at what price in which sizes, and the store answers accurately. With this partnership, every merchant on our platform gets that handshake automatically, with no code to write and no changes to their site. Shoppers get agents that work the way they expect, and merchants stay in control of their catalog, their customers, and the sale. Commerce is ensuring our customer sites are agent-ready by default.”
“The web is being rebuilt for AI agents, and it's on platforms like BigCommerce and Cloudflare to handle that shift so merchants can focus on running their business,” said Matthew Conroy, senior director at Cloudflare. “Together, we're giving every merchant a way to tell a shopper's agent exactly what their store can do, on their own site and on their own terms. We think that's how the agent-ready web should work: built on open standards with the site owner in control.”
WebMCP builds on the existing BigCommerce MCP Toolkit, which gives agents access to functions they can use to complete real-world tasks. For eligible B2C and B2B stores, BigCommerce’s server-side Storefront MCPs expose shopping actions to agents connecting from outside the storefront, while WebMCP brings those actions to agents working directly in the shopper’s browser.
The partnership is part of Commerce’s broader work to help merchants prepare their catalogs for emerging discovery experiences, reach shoppers across new channels, and support paths to purchase.
About Commerce
Commerce (Nasdaq: CMRC) empowers businesses to innovate, grow, and thrive by providing an open, AI-driven commerce ecosystem. As the parent company of BigCommerce, Feedonomics, and Makeswift, Commerce connects the tools and systems that power growth, enabling businesses to unlock the full potential of their data, deliver seamless and personalized experiences across every channel, and adapt swiftly to an ever-changing market. Trusted by leading businesses like Coldwater Creek, Cole Haan, Dell, Harvey Nichols, King Arthur Baking Co., Mizuno, Pacsun, Perry Ellis, Skechers, SportsShoes and Uplift Desk, Commerce delivers the storefront control, optimized data, and AI-ready tools businesses need to grow, serve diverse buyers, and operate with confidence in an increasingly intelligent, multi-surface world. For more information, visit www.commerce.com or follow us on X and LinkedIn.
BigCommerce®, the Commerce logo, and other brands are the trademarks or registered trademarks of Commerce.com Pty. Ltd. Third-party trademarks and service marks are the property of their respective owner.
Systém FuelCell Energy dosáhl v hodnocení PJM ELCC pro období 2028/29 hodnoty 99,873 %, což znamená, že PJM může téměř celou posuzovanou kapacitu uznat jako spolehlivou.
PJM assessment recognizes nearly all of FuelCell Energy’s installed capacity as dependable, an important proof point for reliability and potential capacity-market economics. | Source: FuelCell Energy, Inc.
DANBURY, Conn., Oct. 21, 2026 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) announced that its FuelCell Energy Block System received a 99.873% rating in PJM Interconnection’s unit-specific Effective Load Carrying Capability (ELCC) assessment conducted as part of PJM’s 2028/29 Reliability Backstop Procurement (RBP) process. The result indicates that PJM may recognize nearly all of FuelCell Energy’s evaluated system’s capacity as dependable, providing an important measure of reliability for customers evaluating on-site power and informing potential participation in PJM’s capacity market.
Rapid data center growth is driving electricity demand and sharpening the focus on how large loads secure power. PJM projects 32 GW of peak load growth across its region from 2024 to 2030, with approximately 30 GW expected to come from data centers.1 As demand rises, large power users are increasingly considering generation that can provide dependable power where it is needed.
As communities hosting this growth place greater importance on how new electricity demand is met, FuelCell Energy’s carbonate fuel cell technology offers continuous, on-site generation that allows customers to locate power directly at the point of demand.
In practical terms, the 99.873% rating2 means PJM may count nearly 99.9 MW of every 100 MW evaluated as dependable capacity under the applicable assessment.
For context, preliminary PJM class ratings for the same 2028/2029 period recognize 96% of nuclear capacity, 93% of diesel utility/engine-based backup capacity and 67% of gas combustion turbine capacity.3
PJM’s unit specific assessment accredited 99.873% of the evaluated FuelCell Energy system’s capacity. PJM’s published technology class ratings provide a clear benchmark for the strength of that result. Following the Federal Energy Regulatory Commission's approval and delayed implementation of the Reliability Backstop Procurement (RBP), any future participation would be subject to PJM's applicable evaluation processes and could require updated accreditation using revised assumptions and study inputs for the final procurement timeline.
That reliability can have economic implications as well. For eligible projects in PJM, the amount of installed capacity recognized as dependable may affect the amount of capacity available for capacity-market participation and potential value, subject to applicable market requirements and auction or procurement outcomes.
“Customers aren’t simply looking for more megawatts. They need to understand how much power they can count on as they make decisions about where and how quickly they can grow,” said FuelCell Energy President & CEO Jason Few. “Our technology is designed to provide continuous, on-site distributed generation. This unit-specific assessment gives customers another independent measure of the dependability of our platform. It also has important economic implications: in PJM’s capacity market, the amount of installed capacity recognized as dependable directly influences the capacity a resource can potentially monetize. We believe a 99.873% accreditation highlights the potential for our platform to deliver not only highly dependable power, but attractive capital productivity for utilities and independent power producers deploying generation in PJM.”
Power That Counts
In addition to providing an independent measure of the evaluated system’s potential reliability contribution, capacity accreditation can have economic significance within PJM because it determines how much installed capacity is recognized as accredited capacity.
PJM uses ELCC to assess the reliability contribution of power resources and convert installed capacity (ICAP) into accredited capacity (UCAP). For eligible projects, higher accredited capacity may increase the amount of capacity available for capacity-market participation and potential value, subject to applicable market requirements and procurement or auction outcomes.
The 99.873% value is specific to the system evaluated for the 2028/2029 RBP process. It is not a FuelCell Energy technology-class rating or a measure of operating uptime, and future assessments may differ.
FuelCell Energy, Inc. (NASDAQ: FCEL) is an American clean energy technology company delivering continuous, scalable baseload power for mission-critical applications globally. The company’s fuel cell systems generate electricity directly at the point of use, enabling reliable, low-emissions power for data centers, industrial facilities, utilities, and distributed generation customers. FuelCell Energy delivers commercially proven, modular, utility-scale systems—backed by global fuel cell deployments approaching one gigawatt. Learn more at www.FuelCellEnergy.com.
1 PJM Interconnection, “PJM Board Fast-Tracks Effort to Reliably Serve Large Loads,” PJM Inside Lines.
2 The 99.873% value is specific to the system evaluated for the 2028/2029 RBP process. It is not a FuelCell Energy technology-class rating or a measure of operating uptime, and future assessments may differ.
3 Preliminary ELCC Class Ratings for Use in the Reliability Procurement Backstop (RBP)
Experienced healthcare executive will lead Carelon’s continued evolution and strategic growth
INDIANAPOLIS--(BUSINESS WIRE)--Elevance Health (NYSE: ELV) today announced the appointment of Jeff Park as President of Carelon, effective December 1, 2026. In this role, Park will lead Carelon through its next phase of growth, building on its momentum and expanding its ability to improve affordability, enhance the consumer experience, and create greater value for customers and the people it serves.
Park joins Carelon at a time of significant opportunity as demand continues to grow for integrated solutions that improve affordability, simplify the health care experience, and support better outcomes.
With more than two decades of experience, Park has built, transformed and scaled healthcare services, pharmacy and technology-enabled businesses. Throughout his career, he has successfully led complex integrations, managed large-scale operations and developed innovative solutions addressing complex challenges across the healthcare ecosystem. Most recently, he served as President of Waltz Health and, following Waltz Health's merger with EVERSANA, continued to lead the Waltz business while supporting enterprise growth and strategy initiatives. Previously, Park held senior leadership roles at OptumRx, Catamaran, WellDyneRx and Diplomat Pharmacy.
“Carelon is central to our strategy and an important driver of growth for Elevance Health,” said Gail K. Boudreaux, President and Chief Executive Officer, Elevance Health. “Jeff brings deep healthcare experience and a proven track record of growing businesses, driving execution, and creating value for customers. As we build on Carelon's momentum, his leadership will help accelerate growth, expand our impact, and further our work to make health care more affordable, simpler, and more personalized.”
Carelon brings together its capabilities and trusted partnerships to develop solutions around each person's needs. This connected approach strengthens care coordination and helps consumers and care providers navigate the health care system more effectively.
Under Park’s leadership, Carelon will focus on strengthening operational performance, scaling its solutions and lowering the total cost of care. This work will deepen Carelon’s contribution to Elevance Health and position the business to capture emerging opportunities across the health care ecosystem.
About Elevance Health
Elevance Health is a lifetime, trusted health partner whose purpose is to improve the health of humanity. The company supports consumers, families, and communities across the entire healthcare journey – connecting them to the care, support, and resources they need to lead better lives. Elevance Health’s companies serve approximately 103 million consumers through a diverse portfolio of industry-leading medical, pharmacy, behavioral, clinical, home health, and complex care solutions. For more information, please visit www.elevancehealth.com or follow us @ElevanceHealth on X and Elevance Health on LinkedIn.
CareCredit spustil CareCredit Pay Later, jednorázový splátkový úvěr s pevnou RPSN a měsíčními splátkami, který je dostupný téměř ve 20 000 zdravotnických a wellness zařízeních.
CareCredit Pay Later is CareCredit's enhanced installment loan product that will be presented digitally with CareCredit's revolving credit card to give consumers additional payment options and simplified offer comparisons.
Key Highlights:
Supporting providers and consumer choice: Offering more payment choices can help providers meet different consumer preferences, while CareCredit manages administrative and billing workflows.
One credit application. Two ways to pay: CareCredit Pay Later and the CareCredit credit card give eligible consumers two payment options to help manage care expenses.
Responsible credit access: Advanced underwriting through Synchrony PRISM evaluates overall active credit commitments to support responsible lending.
Payment predictability drives consumer decisions: 80% of surveyed consumers say payment options influence which provider they select, and 77% of consumers say having flexible payment options is critical when choosing a recommended treatment plan.
CareCredit stands apart: CareCredit is the only health and wellness financing platform and network that offers revolving credit, installment loans, promotional financing solutions, and broad provider acceptance across more than 290,000 healthcare locations nationwide.
, /PRNewswire/ -- CareCredit, a Synchrony (NYSE: SYF) solution, today launched CareCredit Pay Later, its enhanced and rebranded installment loan product that provides health and wellness consumers with a clear payment plan and defined payoff timeline to help budget for products and elective health and wellness expenses not covered by insurance. CareCredit Pay Later presents another option to CareCredit's existing credit card and offers another way for eligible consumers to plan and pay for care. It is available today at nearly 20,000 health and wellness locations, including select dental, cosmetic, vision, and audiology care providers, with expansion across CareCredit's entire network over time.
CareCredit Pay Later presents another option to CareCredit’s existing credit card and offers another way for eligible consumers to plan and pay for care. It is available today at nearly 20,000 health and wellness locations, including select dental, cosmetic, vision, and audiology care providers, with expansion across CareCredit’s entire network over time.
CareCredit Pay Later is CareCredit’s enhanced installment loan product that will be presented digitally with CareCredit’s revolving credit card to give consumers additional payment options and simplified offer comparisons.
Through a single credit application, eligible consumers can view the full array of CareCredit payment options available to them, so they can choose the product that best fits their budget, including:
CareCredit Pay Later: A one-time-use installment loan, offering fixed monthly payments, a clear payoff timeline, and a fixed APR for defined care expenses.
CareCredit Credit Card and CareCredit Rewards Mastercard®: Reusable revolving credit products that offer special financing options with convenient monthly payments, accepted across 290,000 locations nationwide, as well as select retailers, such as Albertson's, Walgreens and Walmart.
CareCredit Pay Later offers enhanced tools designed to make financing conversations even easier for providers and consumers. The payment calculator, available directly from the Provider Center portal homepage, now includes CareCredit Pay Later and uses each provider's specific promo mix to deliver more accurate estimated payment amounts. In addition, providers can now modify loan amounts before funding, creating greater flexibility to accommodate for treatment plan changes and helping ensure financing stays aligned with care decisions.
To ensure consumers are extended credit responsibly, CareCredit utilizes Synchrony PRISM®, Synchrony's proprietary underwriting platform. PRISM evaluates an applicant's broader financial health — looking beyond static credit scores to evaluate active lines of credit, debt-to-income indicators, and existing loan commitments that may not show on traditional credit reports. Consumers are encouraged to ask their participating CareCredit enrolled provider about the payment options that may be available to them, so they can make an informed decision. CareCredit Fair Financing Principles (FFP) initiative — designed to set a high standard for transparency and consumer education — connects consumers with product comparison guides, budgeting tools like CareCredit's procedure calculator, and an educational consumer guide managing commitments responsibly.
"In an industry where many treatments and products are elective, having flexible ways to pay for care is critical for consumers," said Adam Reinebach, CEO of the American Med Spa Association (AmSpa). "For med spa customers, having choices like the CareCredit credit card and CareCredit Pay Later can make it easier to move forward with the care they want, while benefiting from the confidence of paying through a trusted industry financing partner."
By providing tailored choices up front and allowing participating providers to easily customize promotions and then view, filter, and share available offers, this multi-product experience can help improve treatment conversion and acceptance, while CareCredit eases administrative burdens and helps simplify the payment process.
"When it comes to health and wellness, a 'one-size-fits-all' payment plan doesn't work for everyone," said Beto Casellas, Executive Vice President and Chief Executive Officer of Health & Wellness at Synchrony. "With CareCredit Pay Later, consumers now have more options to choose from based on their purchase, monthly budget, and preferences. By expanding these choices, we're empowering people to plan and pay for the care they want."
Research Shows Payment Clarity and Choice Matter When Planning and Paying for Care
The expanded offering comes as CareCredit consumer research reveals how strongly cost, payment clarity and choice can shape care experiences and decisions.
According to the research:
Cost clarity matters early. 58% of consumers worry about how much care will cost, and 51% say it's not always clear what out of pocket expenses will be.[1] In addition, 77% say knowing the total cost of care upfront is very or extremely important.1
Payment experience can influence provider choice. 80% say payment options influence which provider they select,[2] and 50% would consider switching providers if billing became too cumbersome.1
Credit access can help consumers move forward. 41% say they would likely postpone their care if they could not pay using credit, and 46% would postpone if they had to pay full price upfront.2
To learn more about CareCredit, visit https://www.carecredit.com/.
FAQ
What is CareCredit Pay Later?
CareCredit Pay Later is a single-use installment loan that offers eligible consumers a fixed APR, set monthly payments, and a defined payoff timeline to budget for specific health and wellness expenses.
How does Synchrony ensure CareCredit Pay Later is used responsibly?
CareCredit utilizes Synchrony PRISM®, an advanced underwriting engine that looks at an applicant's complete financial picture. PRISM evaluates overall active debt commitments — including active loans across other platforms — to help ensure applicants are not taking on payments they cannot comfortably manage.
How is CareCredit Pay Later different from the CareCredit credit card?
CareCredit Pay Later is a single-use installment loan that closes once the balance is paid in full. The CareCredit credit card is a reusable line of credit offering deferred interest options and ongoing utility across more than 290,000 provider and retail locations nationwide.
How is CareCredit Pay Later different from Pay In Four?
CareCredit Pay Later offers consumers longer-term installment options with fixed monthly payments, a fixed APR, and defined payoff timelines designed to help budget for larger health and wellness expenses, whereas Pay in four plans typically split smaller purchases into four short-term, bi-weekly payments.
Will checking my eligibility impact my credit score?
No. Consumers can see if they prequalify for CareCredit financing options through a simple application with no hard credit check, meaning there is no impact to their credit score.
Where can I use CareCredit Pay Later?
CareCredit Pay Later is currently rolling out to nearly 20,000 participating health and wellness locations, including select dental, cosmetic, vision, and audiology providers, with planned expansions across CareCredit's network over time. Consumers are encouraged to ask their provider which CareCredit payment options are currently available at their practice.
Can I use a CareCredit Pay Later loan for multiple, ongoing treatments?
CareCredit Pay Later is designed as a single-use loan for a specific treatment, procedure, or purchase. For ongoing care wants and needs, elective care, and repeat use across our provider network, the CareCredit credit card remains an ideal reusable financing option.
How does offering CareCredit Pay Later benefit health and wellness providers and practices?
Because every consumer's financial situation is different, a "one-size-fits-all" approach to payments no longer works. By offering an expanded suite of payment options with a single application, providers can meet diverse consumer wants and needs and help more people say "yes" to recommended care. Furthermore, CareCredit manages all billing and collections, streamlining the payment experience for practice staff and protecting providers against payment delays and defaults.
About the Research
The findings cited in this release are drawn from two CareCredit consumer research studies: Well, Informed, which explored consumer attitudes and experiences related to healthcare costs and payment preferences, and Path to Purchase, which examined when and how payment information influences decisions across the healthcare journey. Respondents across both studies totaled 4,105. Additional methodological information is available upon request.
About Synchrony
Synchrony (NYSE: SYF) is a leading consumer financing company that has been at the heart of American commerce and opportunity for nearly a century. Synchrony delivers credit and banking products that empower tens of millions of consumers to improve their financial lives and access what matters most. Leveraging innovative solutions that are shaping the future of retail commerce, Synchrony supports the growth and success of some of the nation's most respected brands, alongside hundreds of thousands of small and midsize businesses, including health and wellness providers. Committed to excellence in service and culture, Synchrony is honored to be ranked the #1 Best Company to Work For® in the U.S. by Fortune magazine and Great Place to Work®. For more information, visit www.synchrony.com.
Ballard prostřednictvím GeoPura rozšiřuje dodávky vodíkového napájení pro festivaly, sportovní akce, filmovou a televizní produkci v USA, Kanadě a Evropě.
Hydrogen power units supplied critical energy to everything from concerts and festivals to major golf tournaments
, /PRNewswire/ -- This year, GeoPura, a UK-based hydrogen power provider, recently acquired by Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP), made hydrogen integral to live entertainment.
Powered by Ballard fuel cells, Hydrogen Power Units (HPU) deliver reliable electricity while cutting harmful air pollution near stages, production areas and crowds, protecting the health of artists, crews and attendees and improving air quality for surrounding communities.
HPU2 providing power at Boomtown The Energy-as-a-Service offering combines equipment, hydrogen supply, transport, on-site storage and operational support, thereby giving organisers a fully managed power solution that meets production standards, while supporting a cleaner, healthier event environment.
Having powered the HYDRO stage at Boomtown in 2025, GeoPura's HPU2 systems supplied the 20,000-capacity stage throughout the build and live festival in 2026, supporting the sound, lighting and visual production behind performances from Skrillex, Four Tet and Groove Armada. At Edinburgh Summer Sessions, HPUs were used to supply main-stage power and site infrastructure, embedding hydrogen into the delivery of a major concert series. These projects built on previous deployments at American Express presents BST Hyde Park, LIDO Festival and the Isle of Wight Festival.
In sport, the Solheim Cup in the Netherlands (GeoPura's first continental European golf deployment) received critical power – without CO₂, nitrogen oxides or particulate emissions at the point of use – from hydrogen, which also powered infrastructure at the Genesis Scottish Open.
This was the summer that saw even more repeat deployments, larger festival commitments and further integration into event power planning. Alongside GeoPura's established work in film, television and live broadcasting, GeoPura provided the combined business with an operating model for expansion into the US, Canada, Europe and wider international markets.
Andrew Cunningham, President of Ballard, said: "This summer, hydrogen powered the performances, production and infrastructure that major events depended on. Organisers are incorporating it into their plans, returning for subsequent seasons and increasing the scale of their deployments.
"Boomtown's move from HYDRO to HYDRO XL captures that progress. We're seeing the same shift in film and television, where customers need reliable power on location and want to reduce diesel use, noise and air pollution - clean power has become a requirement across these industries.
"Our ambition is for clean power to become the default across these industries. With Ballard's fuel cell expertise and international reach alongside our hydrogen supply and operational capabilities, we can expand this approach to more customers and markets."
Marty Neese, Chief Executive Officer of Ballard, said: "GeoPura is already delivering power to customers, supplying the hydrogen and managing the service. Combining these capabilities with Ballard's technology and global reach broadens our offering and creates opportunities to capture value across equipment, fuel and operations.
"The US and Canada offer exciting potential, from festivals and major sporting events, to film and television production. We can build on our UK experience to develop a complete service for these markets, while selectively expanding across Europe and North America. The same capabilities also serve construction, infrastructure and other customers facing grid constraints, alongside our established business in heavy-duty mobility."
The combined business aims to make managed hydrogen power a mainstream choice across more sectors and markets. Its growing operations in events and screen production provide a base for international expansion, alongside longer-duration applications in construction, grid support and critical power, where customers need dependable electricity beyond the capacity of existing connections.
About Ballard
Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) is a global leader in zero-emission hydrogen energy solutions and an integrated Energy-as-a-Service (EaaS) provider. Together, with its wholly owned subsidiary, GeoPura Ltd., Ballard delivers turnkey, vertically integrated hydrogen ecosystem solutions spanning hydrogen production, logistics, refuelling, zero-emission fuel cell engines, and stationary Hydrogen Power Units.
Ballard powers critical off-grid, stationary applications - including construction, events, film sets, healthcare, defense, temporary power infrastructure, and supplies fuel cell engines for heavy-duty mobility applications such as bus, rail, and marine. With an EaaS model, combined with cutting-edge technology across the hydrogen value chain, Ballard decarbonizes mission-critical operations worldwide. To learn more about Ballard, visit www.ballard.com.
This release contains forward-looking statements concerning anticipated product and service attributes, product deliveries, and deployments. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand.
These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation.
Further Information
Sumit Kundu – Investor Relations, +1.604.360.3517 or [email protected]
Enphase Energy uvedla, že její IQ EV Charger 2 podporuje normu ISO 15118-20 již od uvedení na trh. EU bude tuto normu od 1. ledna 2027 vyžadovat pro nově instalované nebo renovované veřejné a soukromé nabíječky.
FREMONT, Calif., Oct. 21, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today confirmed that its IQ® EV Charger 2 supports the ISO 15118-20 communication standard required under the European Union's Alternative Fuels Infrastructure Regulation (AFIR). The requirement takes effect on Jan. 1, 2027.
Under AFIR, newly installed or renovated public and private EV chargers in the EU must support ISO 15118-20, the protocol that governs secure communication between vehicle and charger and enables features such as automatic authentication, so charging starts as soon as the car is plugged in, and bidirectional charging, where supported by the vehicle and the charging setup. IQ EV Charger 2 has supported the standard since launch, so distributors and installers can keep offering it as is, with no part number changes or inventory adjustments. Chargers already installed at customer sites require no action to support the AFIR standard.
“We want to recommend a charging solution our customers can rely on for years,” said Fedde Tjalsma, solar service manager at Mensonides Installatie, an installer of Enphase products in the Netherlands. “With ISO 15118 support, Enphase is preparing its chargers for vehicle-to-grid capabilities down the road. That forward-looking approach is a big plus for us as an installer.”
“What especially appeals to me as an installer about the Enphase IQ EV Charger 2 is that they clearly looked beyond just charging an electric car,” said Kick Vermeulen, owner of Kick Power, an installer of Enphase products in the Netherlands. “With its focus on new technologies and communication standards such as ISO 15118, Enphase shows that it develops solutions not only for today, but also for the energy world of tomorrow. That makes the IQ EV Charger 2 a future-proof choice for me.”
"Regulations will keep evolving, and our customers shouldn't have to chase them," said Jayant Somani, senior vice president of the digital business unit at Enphase Energy. "IQ EV Charger 2 was ready for ISO 15118-20 from day one. Installers can choose it with confidence, and we're inviting automakers to test with us so drivers can get the most out of their home energy."
Enphase plans to continue releasing over-the-air firmware updates to add new features and expand vehicle compatibility, so installers and homeowners can get more from the same hardware they put in on day one.
Distributors and installers can contact their Enphase sales representative to learn more about IQ EV Charger 2 compatibility with AFIR. For more information about the IQ EV Charger 2, please visit the regional websites (Netherlands, France, Germany, Norway). To access Enphase Energy’s self-declaration of compliance with AFIR, visit the Documentation section of the relevant product pages and open the document titled “ISO 15118-2 / ISO 15118-20 Protocol Support and Testing.”
About Enphase Energy, Inc.
Enphase Energy is a global energy technology company advancing intelligent power systems for homes, businesses, and next-generation AI data centers. The company designs semiconductor-based energy technologies spanning solar, batteries, EV charging, energy management, and virtual power plants, and is developing solid-state transformer technology to address the rapidly growing power demands of AI data centers. Based in Fremont, California, Enphase is the world’s leading supplier of microinverter-based solar and battery systems. The company revolutionized the solar industry with its microinverter technology and has shipped approximately 89.4 million microinverters, with approximately 5.3 million Enphase-based systems deployed in more than 165 countries. Enphase products enable people to harness the sun to make, use, save, and sell their own power, all controlled through the Enphase App. For more information, visit https://enphase.com/.
This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy's IQ EV Charger 2, including safety, quality, reliability, and interoperability; the ability of IQ EV Charger 2 to support the ISO 15118-20 communication standard and comply with the requirements of the AFIR; Enphase Energy's plans to support additional vehicle interoperability and functionality through testing programs and over-the-air firmware updates; and the expected benefits of future software enhancements and expanded vehicle compatibility. These forward-looking statements are based on Enphase Energy's current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties. Such risks include, but are not limited to, market demand for EV charging solutions and related products; competitive developments; changes in electric vehicle adoption rates; changes in regulatory, certification, interoperability, or compliance requirements, including AFIR requirements; compatibility with third-party vehicles, energy systems, software platforms, and charging standards; product performance and reliability under actual operating conditions; supply chain availability and costs; and other factors discussed in Enphase Energy's filings with the Securities and Exchange Commission, including those risks described in more detail in Enphase Energy's most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and other filings made from time to time with the Securities and Exchange Commission. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.
Viasat úspěšně vypustil družici Maxwell pro demonstrační misi NASA Communications Services Project. Pětiměsíční testování služeb v pásmech Ka a L potrvá do března 2027.
CARLSBAD, Calif., Oct. 21, 2026 (GLOBE NEWSWIRE) -- Viasat Inc. (NASDAQ: VSAT), a global leader in satellite communications technology, today announced it has advanced the company’s demonstration mission for NASA’s Communications Services Project (CSP) with the successful launch of the Maxwell spacecraft from Cape Canaveral Space Force Station yesterday, October 20th, at 7:04 a.m. ET during the Bandwagon-5 rideshare mission with SpaceX.
Viasat offers solutions for rapidly growing low Earth orbit (LEO) operations which require the ability to effectively transport mission data back to Earth for analysis and distribution while balancing real-time demands and data latency, as well as maintain continuous contact with the spacecraft for command and control. This on-orbit demonstration mission is a key milestone in Viasat’s work developing innovative space-based communication services under two CSP contract awards totaling $81 million and supports NASA as it prepares to sunset its Tracking and Data Relay Satellite fleet.
Supporting its Defense and Advanced Technologies segment, Viasat’s government space team will now proceed with on-orbit testing and demonstrations that will take place over five months through March 2027. Viasat’s Ka- and L-band space relay services will offer LEO operators the real-time, low-data latency communications required for time-sensitive operations, removing delays to downlink data to the ground. These solutions are designed to support NASA mission needs, as well as the growing market for on-demand LEO connectivity services for government and commercial mission operations.
The Viasat payloads include a space-qualified Ka-band terminal that will be able to access the high-capacity ViaSat-3 satellite network, as well as an L-band terminal to connect with Viasat’s global L-band network. These geostationary orbit (GEO)-based relay solutions will deliver on-demand access to critical mission data and enable real-time telemetry, tracking and command (TT&C) operations at any point in a LEO spacecraft’s orbit. The demonstrations will also include direct-to-ground communications through Viasat’s Real-Time Earth Ground-Station-as-a-Service for S-, X-, and Ka-bands.
"Yesterday’s launch represents the culmination of years of innovation, engineering and collaboration across Viasat, NASA and our industry partners," said John Reeves, Vice President of Space and Mission Systems, Viasat Government. "As LEO constellation operations, Earth observation and scientific missions, and military space activities continue to expand, the need for resilient, high-performance space-based communications to keep data flowing has never been greater. Our demonstration will show how new commercial services can transform LEO operations with continuous access and command and control of the spacecraft, enabling dynamic re-tasking and real-time data collection for government and commercial missions."
Rocket Lab Corporation (NASDAQ: RKLB) built the Maxwell spacecraft at its Long Beach, California, facility, incorporating a suite of in-house components and subsystems including solar panels, reaction wheels, star trackers, and flight and ground software. The spacecraft provides power, communications, propulsion, and attitude control for the mission demonstration. In addition, Rocket Lab provided a new L-band radio to support the relay demonstration of various TT&C applications through Viasat’s L-band network.
This marks Viasat’s second NASA CSP program demonstration mission, following an initial demonstration of its launch telemetry relay solution during the Blue Origin New Glenn launch in November 2025.
Visit the Viasat website for more information on Viasat’s HaloNet portfolio of data relay communications services.
About Viasat
Viasat is a global technology company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people's lives anywhere they are—on the ground, in the air or at sea, while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at www.viasat.com, the Viasat News Room or follow us on LinkedIn, X, Instagram, Facebook, Bluesky, Threads, and YouTube.
Viasat, Inc. Contacts
Dan Bleier, Public Relations, Viasat Government, +1 (202) 383-5074, [email protected]
Lisa Curran/Pete Lopez, Investor Relations, +1 (760) 476-2633, [email protected]
Forward-Looking Statements
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, statements about the successful launch of the Maxwell satellite and Viasat’s mission demonstration for NASA’s Communications Service Project; the features, expected benefits and performance of Viasat’s Ka-band relay service; the L-band space capability through the L-band network; the ability of the Ka-band terminal to access the Viasat network for data transfer; and the timing of the in-space demonstrations. Readers are cautioned that actual results could differ materially and adversely from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: our ability to realize the anticipated benefits of the Viasat high-capacity Ka-band GEO satellites and any future satellite we may construct or acquire; construction, launch and operation of satellites, including the effect of any anomaly, operational failure or degradation in satellite performance; contractual problems, product defects, manufacturing issues or delays, regulatory issues, technologies not being developed according to anticipated schedules, or that do not perform according to expectations; delays in approving U.S. government budgets and cuts in government defense expenditures; and increased competition and other factors affecting the government and defense sectors generally. In addition, please refer to the risk factors contained in Viasat’s SEC filings available at www.sec.gov, including Viasat’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Viasat undertakes no obligation to update or revise any forward-looking statements for any reason.
Představenstvo společnosti SAB Finance a.s., IČO 247 17 444, se sídlem Na Příkopě 969/33, 110 00 Praha 1 – Staré Město, Česká republika, zapsané v obchodním rejstříku vedeném Městským soudem v Praze pod spis. zn. B 16383, v souvislosti s pověřením valné hromady ke zvýšení základního kapitálu upisováním nových akcií na majitele v zaknihované podobě ze dne 18. září 2026 uveřejňuje, že:
v rámci první fáze úpisu bylo upsáno 547.596 kusů akcií a do druhé fáze přechází 395.801 kusů akcií.
Zpráva je dostupná také na webu https://www.sab.cz/pro-investory#aktuality.
(komerční sdělení)
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Společnost Stifel ve třetím čtvrtletí zvýšila zisk připadající na kmenové akcionáře o 11,3 % na 224,8 milionu USD, zatímco čisté výnosy zůstaly téměř beze změny na 1,43 miliardy USD.
ST. LOUIS, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported net revenues of $1.43 billion for the three months ended September 30, 2026, compared with $1.43 billion a year ago. Net income available to common shareholders was $224.8 million, or $1.40 per diluted common share, compared with $202.1 million, or $1.22 per diluted common share (1) for the third quarter of 2025. Non-GAAP net income available to common shareholders was $234.1 million, or $1.46 per diluted common share for the third quarter of 2026.
Ronald J. Kruszewski, Chairman and Chief Executive Officer, said “Stifel is on track for another record year, with year-to-date revenue of $4.3 billion up 9%, core earnings per share of $4.33 up 22%, and return on tangible common equity of 24.1%. The investments we’ve made in our business continued to drive operating efficiencies, as we delivered our highest ever third quarter earnings per share of $1.46, up 12% versus the prior year, on net revenue of $1.43 billion. I am optimistic about our outlook, as Stifel’s diversified business model, recurring revenue stream, and disciplined capital management position us to keep compounding value for shareholders.”
Highlights
The Company reported net revenues of $1.43 billion, the second best third quarter in its history, driven by higher asset management revenues and net interest income.Non-GAAP net income available to common shareholders of $1.46 per diluted common share, the best third quarter in its history.Asset management revenues increased 14% over the year-ago quarter.Net interest income increased 9% over the year ago quarter.Bank loans increased 21% over the year ago quarter.Client assets of $576.5 billion, up 6% over the year-ago quarter.Over the last twelve months, recruited trailing twelve-month production totaled approximately $19 million.Non-GAAP pre-tax margin of 22.5%.Annualized return on tangible common equity (ROTCE) (6) of 23.9%.Tangible book value per common share (9) of $26.05, up 12% from prior year.The Company repurchased $124.0 million, or 1.6 million shares, of its outstanding common stock during the third quarter at an average price of $76.95.Announced strategic investment in Meow Technologies. Financial Summary (Unaudited)(000s)3Q 20263Q 20259m 20269m 2025GAAP Financial Highlights: Net revenues$1,426,211 $1,429,396 $4,355,176 $3,969,151 Net income(2)$224,823 $202,051 $684,078 $391,457 Diluted EPS(1) (2)$1.40 $1.22 $4.23 $2.37 Comp. ratio 57.0% 58.8% 57.3% 59.1% Non-comp. ratio 21.3% 21.2% 21.2% 26.7% Pre-tax margin 21.7% 20.0% 21.5% 14.2% Non-GAAP Financial Highlights: Net revenues$1,429,077 $1,429,398 $4,323,903 $3,969,231 Net income(2)(3)$234,096 $214,419 $700,872 $454,281 Diluted EPS(1) (2) (3)$1.46 $1.30 $4.33 $2.76 Comp. ratio(3) 56.6% 58.0% 57.0% 58.0% Non-comp. ratio(3) 20.9% 20.8% 20.9% 25.9% Pre-tax margin(4) 22.5% 21.2% 22.1% 16.1% ROCE(5) 17.4% 17.0% 17.5% 12.2% ROTCE(6) 23.9% 24.3% 24.1% 17.3% Global Wealth Management (assets and loans in millions) Net revenues$980,293 $907,440 $2,868,950 $2,603,630 Pre-tax net income$374,408 $342,650 $1,066,970 $775,111 Total client assets(7)$576,482 $544,010 Fee-based client assets(7)$239,661 $219,178 Bank loans(8)$26,065 $21,635 Institutional Group Net revenues$430,281$500,435$1,406,233$1,305,143Equity$282,574$296,677$915,506$753,037Fixed Income$147,707$203,758$490,727$552,106Pre-tax net income$76,261$89,291$266,348$177,762 Global Wealth Management
Global Wealth Management reported record net revenues of $980.3 million for the three months ended September 30, 2026, compared with $907.4 million during the third quarter of 2025. Pre-tax net income was $374.4 million compared with $342.7 million in the third quarter of 2025.
Highlights
Client assets of $576.5 billion, up 6% over the year-ago quarter, which included $10.2 billion of client assets from the Stifel Independent Advisors business that was sold on February 2, 2026.
Fee-based client assets of $239.7 billion, up 9% over the year-ago quarter, which included $4.8 billion of client assets from the Stifel Independent Advisors business that was sold on February 2, 2026.
Over the last twelve months, recruited trailing twelve-month production totaled approximately $19 million.
Net revenues increased 8% from a year ago:
Transactional revenues decreased 3% over the year-ago quarter, reflecting a decrease in client activity.
Asset management revenues increased 14% over the year-ago quarter, reflecting higher asset values due to improved market conditions and net new asset growth.
Net interest income increased 11% over the year-ago quarter primarily driven by balance sheet growth, partially offset by lower interest rates.
Total Expenses:
Compensation expense as a percentage of net revenues increased modestly to 48.8% primarily driven by higher revenue-related compensation, partially offset by revenue growth.
Provision for credit losses decreased from a year ago primarily as a result of a modest improvement in macroeconomic conditions, partially offset by loan growth in the retained portfolio and specific reserves on individual credits.
Non-compensation operating expenses as a percentage of net revenues decreased to 13.0% primarily attributable to lower litigation-related expenses, a decrease in the provision for credit losses, and revenue growth over the year-ago quarter.
Summary Results of Operations
(000s)
3Q 2026 3Q 2025 Net revenues$980,293$907,440 Transactional revenues 196,213 203,078 Asset management 492,123 431,363 Net interest income 284,583 257,327 Investment banking 6,731 6,529 Other income 643 9,143 Total expenses$605,885 $564,790 Compensation expense 478,877 441,626 Provision for credit losses 7,926 8,316 Non-comp. operating expenses 119,082 114,848 Pre-tax net income$374,408 $342,650 Compensation ratio 48.8% 48.7% Non-compensation ratio 13.0% 13.5% Pre-tax margin 38.2% 37.8% Institutional Group
Institutional Group reported net revenues of $430.3 million for the three months ended September 30, 2026, compared with $500.4 million during the third quarter of 2025. Pre-tax net income was $76.3 million compared with $89.3 million in the third quarter of 2025.
Highlights
Investment banking revenues decreased 6% from a year ago:
Advisory revenues decreased 4% from the year-ago quarter, driven by lower levels of completed advisory transactions.Equity capital raising revenues decreased 13% from the year-ago quarter, driven by lower volumes and smaller deal sizes.Fixed income capital raising revenues decreased 2% over the year-ago quarter primarily driven by lower bond issuances.
Fixed income transactional revenues decreased 34% from a year ago:
Fixed income transactional revenues were impacted by widening credit spreads, increased market volatility, and lower realized trading gains during the quarter.
Equity transactional revenues decreased 29% from a year ago:
Equity transactional revenues were impacted by lower realized trading gains, a decline in trading volumes over the year-ago quarter and the restructuring of our European Equities business, which resulted in a $7 million reduction in equity transactional revenues year over year.
Total Expenses:
Compensation expense as a percentage of net revenues decreased to 58.7% primarily attributable to lower revenue-related compensation due to a decline in revenues from the year ago quarter.
Non-compensation operating expenses as a percentage of net revenues increased to 23.6% primarily attributable to a decline in revenues from the year ago quarter. Summary Results of Operations
(000s) 3Q 2026 3Q2025 Net revenues$430,281 $500,435 Investment banking 299,472 316,954 Advisory 173,017 179,270 Equity capital raising 68,556 78,765 Fixed income capital raising 57,899 58,919 Fixed income transactional 80,472 122,567 Equity transactional 41,195 58,306 Other 9,142 2,608 Total expenses$354,020 $411,144 Compensation expense 252,656 297,106 Non-comp. operating expenses 101,364 114,038 Pre-tax net income$76,261 $89,291 Compensation ratio 58.7% 59.4% Non-compensation ratio 23.6% 22.8% Pre-tax margin 17.7% 17.8% Other Matters
Highlights
Total assets increased $3.6 billion, or 9%, from the year-ago quarter.Over the last twelve months, the Company repurchased $564.4 million, or 7.3 million shares, of its outstanding common stock at an average price of $77.05.Weighted average diluted shares outstanding decreased primarily due to share repurchases.The Board of Directors declared a $0.34 quarterly dividend per share, payable on September 15, 2026, to common shareholders of record on September 1, 2026.The Board of Directors declared a quarterly dividend on the outstanding shares of the Company’s preferred stock, payable on September 15, 2026, to shareholders of record on September 1, 2026. 3Q 2026
3Q 2025
Common stock repurchases(1) Repurchases (000s)$124,005 $33,086 Number of shares (000s) 1,612 438 Average price$76.95 $75.57 Period end shares (000s) 150,061 152,922 Weighted average diluted shares outstanding (000s) 160,145 165,087 Effective tax rate 24.4% 26.1% Stifel Financial Corp.(10) Tier 1 common capital ratio`14.5% 14.8% Tier 1 risk-based capital ratio 17.0% 17.6% Tier 1 leverage capital ratio 10.8% 11.1% Tier 1 capital (MM)$4,665 $4,267 Risk weighted assets (MM)$27,450 $24,235 Average assets (MM)$43,060 $38,332 Quarter end assets (MM)$45,282 $41,687 AgencyRatingOutlookFitch RatingsBBB+StableS&P Global RatingsBBBStable Conference Call Information
Stifel Financial Corp. will host its third quarter 2026 financial results conference call on Wednesday, October 21, 2026, at 9:30 a.m. Eastern Time. The conference call may include forward-looking statements.
All interested parties are invited to listen to Stifel’s Chairman and CEO, Ronald J. Kruszewski, by dialing (800) 330-6710 and referencing conference ID 9806728. A live audio webcast of the call, as well as a presentation highlighting the Company’s results, will be available through the Company’s web site, www.stifel.com. For those who cannot listen to the live broadcast, a replay of the broadcast will be available through the above-referenced web site beginning approximately one hour following the completion of the call.
Company Information
Stifel Financial Corp. (NYSE: SF) is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services to individuals, institutions, and municipalities. Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates more than 400 offices across the United States and in major global financial centers. As a firm where success meets success, Stifel works closely with retail and institutional clients aiming to transform opportunities into achievement. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit www.stifel.com/investor-relations/press-releases.
A financial summary follows. Financial, statistical and business-related information, as well as information regarding business and segment trends, is included in the financial supplement. Both the earnings release and the financial supplement are available online in the Investor Relations section at www.stifel.com/investor-relations.
The information provided herein and in the financial supplement, including information provided on the Company’s earnings conference calls, may include certain non-GAAP financial measures. The definition of such measures or reconciliation of such measures to the comparable U.S. GAAP figures are included in this earnings release and the financial supplement, both of which are available online in the Investor Relations section at www.stifel.com/investor-relations.
This earnings release contains certain statements that may be deemed to be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements in this earnings release not dealing with historical results are forward-looking and are based on various assumptions. The forward-looking statements in this earnings release are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among other things, the following possibilities: the ability to successfully integrate acquired companies or the branch offices and financial advisors; a material adverse change in financial condition; the risk of borrower, depositor, and other customer attrition; a change in general business and economic conditions; changes in the interest rate environment, deposit flows, loan demand, real estate values, and competition; changes in accounting principles, policies, or guidelines; changes in legislation and regulation; other economic, competitive, governmental, regulatory, geopolitical, and technological factors affecting the companies’ operations, pricing, and services; and other risk factors referred to from time to time in filings made by Stifel Financial Corp. with the Securities and Exchange Commission. For information about the risks and important factors that could affect the Company’s future results, financial condition and liquidity, see “Risk Factors” in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. Forward-looking statements speak only as to the date they are made. The Company disclaims any intent or obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Summary Results of Operations (Unaudited)
Three Months Ended Nine Months Ended(000s, except per share amounts)9/30/20269/30/2025% Change6/30/2026% Change9/30/20269/30/2025% ChangeRevenues: Commissions$200,756$206,075(2.6) $221,462(9.3) $630,052$600,4144.9 Principal transactions 117,124 177,876(34.2) 140,091(16.4) 407,436 492,139(17.2) Investment banking 306,203 323,483(5.3) 331,954(7.8) 979,569 794,88523.2 Asset management 492,163 431,39914.1 456,6307.8 1,408,250 1,244,54813.2 Other income 8,299 14,228(41.7) 12,549(33.9) 76,527 28,499168.5 Operating revenues 1,124,545 1,153,061(2.5) 1,162,686(3.3) 3,501,834 3,160,48510.8 Interest revenue 510,624 481,5046.0 476,0937.3 1,437,766 1,434,1920.2 Total revenues 1,635,169 1,634,5650.0 1,638,779(0.2) 4,939,600 4,594,6777.5 Interest expense 208,958 205,1691.8 187,97511.2 584,424 625,526(6.6) Net revenues 1,426,211 1,429,396(0.2) 1,450,804(1.7) 4,355,176 3,969,1519.7 Non-interest expenses: Compensation and benefits 813,494 839,820(3.1) 833,018(2.3) 2,494,846 2,346,9766.3 Non-compensation operating expenses 303,092 303,530(0.1) 318,348(4.8) 925,195 1,058,945(12.6) Total non-interest expenses 1,116,586 1,143,350(2.3) 1,151,366(3.0) 3,420,041 3,405,9210.4 Income before income taxes 309,625 286,0468.2 299,4383.4 935,135 563,23066.0 Provision for income taxes 75,482 74,6751.1 72,9613.5 223,096 143,81255.1 Net income 234,143 211,37110.8 226,4773.4 712,039 419,41869.8 Preferred dividends 9,320 9,3200.0 9,321(0.0) 27,961 27,9610.0 Net income available to common shareholders$224,823$202,05111.3 $217,1563.5 $684,078$391,45774.8 Earnings per common share:(1) Basic$1.48$1.3113.0 $1.415.0 $4.45$2.5276.6 Diluted$1.40$1.2214.8 $1.344.5 $4.23$2.3778.5 Cash dividends declared per common share(1)$0.34$0.319.7 $0.340.0 $1.02$0.939.7 Weighted average number of common shares outstanding:(1) Basic 151,956 154,679(1.8) 154,234(1.5) 153,889 155,603(1.1) Diluted 160,145 165,087(3.0) 161,631(0.9) 161,744 164,877(1.9) Non-GAAP Financial Measures (11)
Three Months EndedNine Months Ended(000s, except per share amounts)9/30/20269/30/20259/30/20269/30/2025GAAP net income 234,143 $211,371 712,039 $419,418 Preferred dividend 9,320 9,320 27,961 27,961 Net income available to common shareholders 224,823 202,051 684,078 391,457 Non-GAAP adjustments: Net revenue adjustments (12) (13) 2,866 2 (31,273) 80 Merger-related (14) 8,219 12,676 50,090 45,635 Restructuring and severance (15) 1,174 4,065 3,504 31,106 Provision for income taxes (16) (2,986) (4,375) (5,527) (13,997)Total non-GAAP adjustments 9,273 12,368 16,794 62,824 Non-GAAP net income available to common shareholders$234,096 $214,419 $700,872 $454,281 Weighted average diluted shares outstanding (1) 160,145 165,087 161,744 164,877 GAAP earnings per diluted common share (1)$1.46 $1.28 $4.41 $2.53 Non-GAAP adjustments (1) 0.06 0.08 0.10 0.39 Non-GAAP earnings per diluted common share (1)$1.52 $1.36 $4.51 $2.92 GAAP earnings per diluted common share available to common shareholders (1)$1.40 $1.22 $4.23 $2.37 Non-GAAP adjustments (1) 0.06 0.08 0.10 0.39 Non-GAAP earnings per diluted common share available to common shareholders (1)$1.46 $1.30 $4.33 $2.76 GAAP to Non-GAAP Reconciliation (11) Three Months EndedNine Months Ended(000s)9/30/20269/30/20259/30/20269/30/2025GAAP net revenues$1,426,211 $1,429,396 $4,355,176 $3,969,151 Non-GAAP adjustments: Gain on sale of business (12) 2,866 — (44,418) — Litigation-related and other (13) — 2 13,145 80 Total non-GAAP adjustments 2,866 2 (31,273) 80 Non-GAAP net revenues$1,429,077 $1,429,398 $4,323,903 $3,969,231 GAAP compensation and benefits$813,494 $839,820 $2,494,846 $2,346,976 As a percentage of net revenues 57.0% 58.8% 57.3% 59.1% Non-GAAP adjustments: Merger-related (14) (3,463) (6,704) (25,226) (13,706)Restructuring and severance (15) (1,174) (4,065) (3,504) (31,106)Total non-GAAP adjustments (4,637) (10,769) (28,730) (44,812) Non-GAAP compensation and benefits$808,857 $829,051 $2,466,116 $2,302,164 As a percentage of non-GAAP net revenues 56.6% 58.0% 57.0% 58.0% GAAP non-compensation expenses$303,092 $303,530 $925,195 $1,058,945 As a percentage of net revenues 21.3% 21.2% 21.2% 26.7% Non-GAAP adjustments: Merger-related (14) (4,756) (5,972) (24,864) (31,929) Non-GAAP non-compensation expenses$298,336 $297,558 $900,331 $1,027,016 As a percentage of non-GAAP net revenues 20.9% 20.8% 20.9% 25.9% Total adjustments before income taxes$12,259 $16,743 $22,321 $76,821 Footnotes (1)All share and per share information has been retroactively adjusted to reflect the February 2026 three-for-two stock split.(2)Represents available to common shareholders.(3)Reconciliations of the Company’s GAAP results to these non-GAAP measures are discussed within and under “Non-GAAP Financial Measures” and “GAAP to Non-GAAP Reconciliation.”(4)Non-GAAP pre-tax margin is calculated by adding total merger-related expenses (non-GAAP adjustments) and dividing it by non-GAAP net revenues. See “Non-GAAP Financial Measures” and “GAAP to Non-GAAP Reconciliation.”(5)Return on average common equity (“ROCE”), a non-GAAP financial measure, is calculated by dividing full year or annualized net income applicable to common shareholders by average common shareholders’ equity.(6)Return on average tangible common equity (“ROTCE”), a non-GAAP financial measure, is calculated by dividing full year or annualized net income applicable to common shareholders by average tangible common equity. Tangible common equity, also a non-GAAP financial measure, equals total common shareholders’ equity less goodwill and identifiable intangible assets and the deferred taxes on goodwill and intangible assets. Average deferred taxes on goodwill and intangible assets were $95.0 million and $87.2 million as of September 30, 2026, and 2025, respectively.(7)Total client assets and fee-based client assets as of September 30, 2025, include $10.2 billion and $4.8 billion, respectively, of client assets from the Stifel Independent Advisors business that was sold on February 2, 2026.(8)Includes loans held for sale.(9)Tangible book value per common share, a non-GAAP financial measure, represents shareholders’ equity (excluding preferred stock) divided by period end common shares outstanding. Tangible common shareholders’ equity equals total common shareholders’ equity less goodwill and identifiable intangible assets and the deferred taxes on goodwill and intangible assets.(10)Capital ratios are estimates at the time of the Company’s earnings release, October 21, 2026.(11)The Company prepares its Consolidated Financial Statements using accounting principles generally accepted in the United States (U.S. GAAP). The Company may disclose certain “non-GAAP financial measures” during its earnings releases, earnings conference calls, financial presentations and otherwise. The Securities and Exchange Commission defines a “non-GAAP financial measure” as a numerical measure of historical or future financial performance, financial position, or cash flows that is subject to adjustments that effectively exclude, or include, amounts from the most directly comparable measure calculated and presented in accordance with U.S. GAAP. Non-GAAP financial measures disclosed by the Company are provided as additional information to analysts, investors and other stakeholders in order to provide them with greater transparency about, or an alternative method for assessing the Company’s financial condition or operating results. These measures are not in accordance with, or a substitute for U.S. GAAP, and may be different from or inconsistent with non-GAAP financial measures used by other companies. Whenever the Company refers to a non-GAAP financial measure, it will also define it or present the most directly comparable financial measure calculated and presented in accordance with U.S. GAAP, along with a reconciliation of the differences between the non-GAAP financial measure it references and such comparable U.S. GAAP financial measure.(12)Gain recognized on the sale of Stifel Independent Advisors, LLC during the first quarter of 2026.(13)Primarily related to prejudgment interest recognized on legal matters.(14)Primarily related to charges attributable to integration-related activities, signing bonuses, amortization of restricted stock awards, debentures, and promissory notes issued as retention, additional earn-out expense, and amortization of intangible assets acquired. These costs were directly related to acquisitions of certain businesses and are not representative of the costs of running the Company’s on-going business.(15)The Company recorded severance costs associated with workforce reductions in certain of its foreign subsidiaries.(16)Primarily represents the Company’s effective tax rate for the period applied to the non-GAAP adjustments. Media Contact: Neil Shapiro (212) 271-3447 | Investor Contact: Joel Jeffrey (212) 271- 3610 | www.stifel.com/investor-relations
Louisbourg Investments ve třetím čtvrtletí snížila svůj podíl v Salesforce o 28,5 % prodejem 19 449 akcií. Nadále držela 48 717 akcií v hodnotě 11,184 milionu USD.
Louisbourg Investments Inc. reduced its position in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 28.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,717 shares of the CRM provider’s stock after selling 19,449 shares during the quarter. Salesforce accounts for about 1.9% of Louisbourg Investments Inc.’s investment portfolio, making the stock its 13th biggest holding. Louisbourg Investments Inc.’s holdings in Salesforce were worth $11,184,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in CRM. BlackRock Inc. purchased a new stake in shares of Salesforce during the second quarter valued at approximately $11,396,844,000. Arrowstreet Capital Limited Partnership raised its holdings in Salesforce by 130.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock worth $2,363,096,000 after acquiring an additional 7,160,302 shares during the last quarter. Bank of America Corp DE purchased a new position in Salesforce in the 2nd quarter worth approximately $1,914,086,000. Legal & General Group Plc purchased a new position in Salesforce in the 2nd quarter worth approximately $927,332,000. Finally, Bank of New York Mellon Corp bought a new position in Salesforce in the 2nd quarter valued at approximately $844,928,000. Institutional investors own 80.43% of the company’s stock.
Salesforce News Summary Here are the key news stories impacting Salesforce this week:
Positive Sentiment: Salesforce agreed to acquire customer-engagement software provider Braze (NASDAQ: BRZE) for approximately $5.66 billion, paying $47.50 in cash per Braze Class A share—a premium of roughly 58%. Braze’s real-time marketing and customer-engagement tools could strengthen Salesforce’s AI-powered CRM and marketing offerings. Salesforce Signs Definitive Agreement to Acquire Braze Positive Sentiment: The transaction could help Salesforce expand its data and AI monetization strategy by combining Braze’s behavior-based engagement platform with Salesforce’s customer data, automation and agent technology. Rival Klaviyo’s advance suggests investors see broader strategic value for the customer-engagement software sector. Salesforce Buying Customer Engagement Firm Braze Positive Sentiment: Salesforce’s longer-term outlook remains supported by its AI-agent ambitions and enterprise data assets, including Informatica. One bullish analysis argues the shares could deliver substantial gains by 2030 if AI adoption accelerates and the company converts its installed base into recurring revenue. I Ran the Numbers on Salesforce: Here’s Where I Think It Could Be in 2030 Neutral Sentiment: The Braze deal is a strategic bet rather than an immediate earnings catalyst. Investors will look for details on funding, closing conditions, integration, revenue synergies and whether the acquisition improves Salesforce’s growth rate. Negative Sentiment: The cash purchase price and sizable premium raised concerns about capital allocation and whether Salesforce is overpaying in an increasingly competitive marketing-software market. Those concerns caused CRM shares to retreat initially despite the potential AI benefits. Salesforce Announces $5.66 Billion Deal for Braze Insiders Place Their Bets In other Salesforce news, Director Craig Conway sold 4,500 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $260.61, for a total value of $1,172,745.00. Following the transaction, the director owned 5,437 shares of the company’s stock, valued at approximately $1,416,936.57. This represents a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Blair Kirk bought 4,176 shares of the company’s stock in a transaction on Friday, September 18th. The stock was purchased at an average cost of $239.33 per share, for a total transaction of $999,442.08. Following the completion of the transaction, the director directly owned 18,748 shares of the company’s stock, valued at approximately $4,486,958.84. The trade was a 28.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.50% of the stock is currently owned by corporate insiders. Salesforce Price Performance Shares of CRM opened at $242.77 on Wednesday. The firm has a market cap of $199.80 billion, a PE ratio of 22.13, a P/E/G ratio of 1.10 and a beta of 1.26. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. The firm has a fifty day simple moving average of $233.29 and a two-hundred day simple moving average of $195.68. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $269.11.
Salesforce (NYSE:CRM – Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, beating the consensus estimate of $3.27 by $2.63. The firm had revenue of $11.35 billion for the quarter, compared to analysts’ expectations of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.91 EPS. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. On average, equities analysts anticipate that Salesforce Inc. will post 12.82 EPS for the current year.
Salesforce Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, September 17th. Salesforce’s dividend payout ratio is 16.04%.
Analyst Ratings Changes Several analysts have commented on the company. Wells Fargo & Company downgraded Salesforce from a “buy” rating to a “strong sell” rating in a research note on Monday, October 12th. Citizens Jmp reissued a “market outperform” rating and issued a $315.00 target price on shares of Salesforce in a report on Friday, September 18th. Susquehanna began coverage on Salesforce in a research note on Wednesday, July 1st. They issued a “neutral” rating for the company. JPMorgan Chase & Co. upped their price target on Salesforce from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Thursday, August 27th. Finally, CLSA began coverage on Salesforce in a report on Monday, July 20th. They set a “hold” rating and a $165.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $278.40.
View Our Latest Analysis on Salesforce
Salesforce Company Profile (Free Report)
Salesforce, Inc (NYSE: CRM) is a global enterprise software company that provides cloud-based customer relationship management (CRM) technology. Its platform helps organizations manage sales, customer service, marketing, commerce, data, analytics and interactions with customers across digital and traditional channels.
The company’s products include Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud and Data Cloud. Salesforce also offers Tableau for data visualization and analytics, MuleSoft for application integration, and Slack for workplace collaboration.
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Euronet spustil obchodní ekosystém OLON, který propojuje přijímání plateb, podnikové aplikace a doplňkové služby. První plné nasazení proběhne v Řecku přibližně u 225 000 obchodníků.
LEAWOOD, Kan., Oct. 21, 2026 (GLOBE NEWSWIRE) -- Euronet (NASDAQ: EEFT), a global payments infrastructure company and leader in payment processing and cross-border transactions, today announced the launch of OLON, a next-generation commerce ecosystem designed to help businesses simplify complexity in accepting and processing payments, helping to accelerate their growth and unlock new opportunities in an increasingly connected economy, while also creating a scalable foundation for Euronet’s continued expansion in merchant services.
OLON, from the Greek word ‘όλον’, meaning ‘the whole’, represents completeness and the power of interconnected parts working together as one. In merchant services, this philosophy comes to life by connecting payments with technology, integrated business applications and systems and value-added services into a unified ecosystem that evolves and grows alongside the merchant. The result is a connected commerce experience that helps businesses operate more efficiently, grow more effectively and engage customers more meaningfully, while giving consumers greater choice, seamless interactions and enhanced value at every touchpoint.
This philosophy is structured around three interconnected pillars: Payments, Commerce and Growth. Together, they bring payment acceptance, business application integrations and value-added services into a single, adaptable ecosystem.
Modular, flexible and future-ready by design, OLON allows merchants to activate the capabilities most relevant to their business and add new ones as their needs evolve. Its modular architecture combines the simplicity of one ecosystem with the flexibility to support different merchant needs, enabling efficient deployment and expansion across markets.
One Scalable Ecosystem for Payments, Commerce and Growth
More than a payments platform, OLON is a unified commerce ecosystem that simplifies how merchants operate, manage and grow their business and how consumers interact with merchants.
At its core, OLON provides a comprehensive payment acceptance layer across physical and digital commerce, spanning every physical acceptance channel (desktop, mobile, unattended, tap on phone), eCommerce, payment links, international and domestic card schemes, digital wallets, account-to-account payments and local payment methods.
This breadth enables OLON to address the global market country by country, adapting its proposition to local market needs and specificities rather than imposing a one-size-fits-all model. Building on more than 30 years of presence in Europe, Euronet provides critical payments infrastructure across local markets, supported by established operations, connectivity to national payment networks and long-standing business relationships. This provides a strong foundation for OLON’s expansion.
Beyond payments, OLON becomes part of the merchant’s everyday business ecosystem. Seamless integrations with global and local technology providers across ERP, ECR, invoicing, fiscal, retail, hospitality, restaurants, booking, ticketing and other industry-specific applications connect payments directly to core business processes while meeting the needs of different verticals and markets. Reporting, settlement monitoring, customer loyalty, analytics and reconciliation capabilities provide merchants with a single environment to better understand, manage and control their operations.
Another key differentiator of OLON is its unique, growing portfolio of value-added services within the broader Euronet ecosystem, designed to strengthen customer engagement and unlock new revenue opportunities for merchants. These include tax-free shopping services, bill payments, digital wallets, foreign exchange (FX) solutions, liquidity services, and meal vouchers, among others. OLON also enables merchants to distribute digital products and services from leading international brands, transforming the point of sale from a payment acceptance endpoint into a broader commerce and service channel. By bringing these capabilities together in a single platform, OLON lets merchants enrich their customer proposition, differentiate their offering, generate additional revenue streams and expand their role in the digital economy, while giving Euronet more opportunities to deepen merchant relationships over time.
Built for Local Markets. Designed for Scalable Growth.
OLON creates a commerce ecosystem that can be deployed consistently across markets while adapting to each country's specific needs. A common platform can accommodate local payment preferences, regulatory requirements, business practices, global and local enterprise applications, and market-specific integrations. In a highly fragmented global market, Euronet’s established presence, infrastructure and market knowledge provide a strong foundation for growth.
Built around modularity, flexibility and adaptability, OLON lets merchants activate the capabilities that best fit their business today and expand as their needs evolve. OLON can add new payment methods, services, integrations and commerce capabilities over time, evolving alongside merchants, customers and the markets they serve while supporting disciplined expansion without building separate platforms for each market.
For consumers, OLON is designed to make everyday commerce simpler, more connected and more rewarding, giving people greater choice in how they pay while creating more seamless experiences across participating merchants. By bringing payments and merchant services into one connected ecosystem, OLON aims to strengthen the relationship between merchants and their customers and create greater value around every transaction.
For merchants, OLON is designed to make commerce simpler, smarter and more connected, bringing payments, business applications and value-added services together within one ecosystem. By giving businesses the tools to accept payments, manage and grow their operations and engage more effectively with customers, OLON aims to reduce complexity, improve efficiency and help merchants build stronger, more valuable customer relationships.
Nikos Fountas, EVP & CEO Payments Infrastructure Americas and EMEA, commented,
“OLON reflects our ambition to go beyond payment acceptance and create a broader commerce ecosystem that brings together the capabilities merchants need to operate, engage their customers and grow. Combined with Euronet’s international scale and assets, OLON creates an ecosystem that is locally relevant, accelerates merchant growth and scales consistently across markets.”
Greece to Be the First Market to Fully Deploy OLON
Building on Euronet’s merchant services presence in more than 15 European countries, OLON will fully roll out first in Greece, one of its initial markets, reaching approximately 225,000 merchants across 300,000 physical points of sale and 7,000 eShops. OLON is also taking shape in Germany and other Southern European markets, with capabilities tailored to each market's needs and dynamics. The ecosystem will continue to evolve, with new services and capabilities introduced to meet merchant needs and market opportunities.
Additional Information
Learn more about OLON on the Euronet website at www.euronet.com/olon.
About Euronet
Euronet (NASDAQ: EEFT) is a global payments infrastructure company and leader in payment processing and cross-border transactions, operating for more than 30 years and now serving clients in 200+ countries and territories. We support financial institutions, merchants and global brands with technology-driven solutions, while enabling businesses and consumers to send, receive and spend money seamlessly worldwide. By operating one of the world’s largest independent electronic payment networks spanning merchant acquiring, transaction processing and point-of-sale infrastructure, Euronet enables real-time, digital and cross-border movement of money at global scale. In 2025, Euronet processed more than 20 billion transactions across its network. Headquartered in Leawood, Kansas USA, Euronet operates from 74 offices worldwide. For more information, visit www.euronet.com.
Forward-Looking Statements
Statements contained in this news release that concern Euronet's or its management's intentions, expectations, or predictions of future performance, are forward-looking statements. Euronet's actual results may vary materially from those anticipated in such forward-looking statements as a result of a number of factors, including: conditions in world financial markets and general economic conditions, including impacts from pandemics or other disease outbreaks; inflation; military conflicts in the Ukraine and the Middle East, and the related economic sanctions; our ability to successfully integrate any acquired operations; economic conditions in specific countries and regions; technological developments, including artificial intelligence affecting the market for our products and services; our ability to successfully introduce new products and services; foreign currency exchange rate fluctuations; the effects of any breach of our computer systems or those of our customers or vendors, including our financial processing networks or those of other third parties; interruptions in any of our systems or those of our vendors or other third parties; our ability to renew existing contracts at profitable rates; changes in fees payable for transactions performed for cards bearing international logos or over switching networks such as card transactions on ATMs; our ability to comply with increasingly stringent regulatory requirements, including anti-money laundering, anti-terrorism, anti-bribery, consumer and data protection and privacy; changes in laws and regulations affecting our business, including tax and immigration laws and any laws regulating payments, including dynamic currency conversion transactions and digital assets; changes in our relationships with, or in fees charged by, our business partners; competition; the outcome of claims and other loss contingencies affecting Euronet; the cost of borrowing (including fluctuations in interest rates), availability of credit and terms of and compliance with debt covenants; and renewal of sources of funding as they expire and the availability of replacement funding. These risks and other risks are described in the Company's filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings may be obtained via the SEC's Edgar website or by contacting the Company. Any forward-looking statements made in this release speak only as of the date of this release. Except as may be required by law, Euronet does not intend to update these forward-looking statements and undertakes no duty to any person to provide any such update under any circumstances. The Company regularly posts important information to the investor relations section of its website.
Illumina v rámci předběžného přístupu zpřístupnila tři nástroje platformy BioInsight využívající AI k automatizaci genomické analýzy a prioritizaci variant.
DRAGEN Ultra, BioInsight Platform Workflow Orchestrator, and BioInsight Platform Learning Cohorts are now available in early access, incorporating new AI-driven approaches to analysis, automation, and discovery
The tools automate end-to-end informatics processes at scale and help customers build private data lakes to drive scientific and clinical research insights
, /PRNewswire/ -- Illumina, Inc. (NASDAQ: ILMN) today introduced three early-access capabilities on its BioInsight Platform that help researchers move faster from sequencing data to discovery. BioInsight Platform Workflow Orchestrator enables laboratories to operate consistent, traceable sequencing and informatics operations at scale. DRAGEN Ultra extends genomic analysis beyond variant calling, using Illumina AI models and knowledge resources to prioritize candidate variants, and sort large numbers of research samples. BioInsight Platform Learning Cohorts, paired with the previously announced BioInsight Data, helps researchers investigate patterns across large genomic, multiomic, and phenotypic datasets, placing individual findings in their more informative biological and population context.
The new Workflow Orchestrator is designed to run each genomic analysis as a connected process, from sample tracking, through sequencer run planning, secondary analysis, quality control, and tertiary software for insight generation.
DRAGEN Ultra extends genomic analysis beyond variant calling by combining Illumina genomic AI models and proprietary knowledge resources to help prioritize variants for further investigation.
The Learning Cohorts tool will help researchers move beyond single sample evaluation and into dynamic knowledge generation in which every sample informs future discovery.
Together, the capabilities help research organizations operate consistent, efficient genomic workflows at scale, focus investigation on the samples and variants that matter, and place those findings in the context of larger genomic and multiomic populations.
"The promise of genomics depends on generating vast and complex data, then distilling that data into insights that advance discovery," said Rami Mehio, senior vice president and general manager of BioInsight at Illumina. "Researchers need consistent, scalable, reproducible workflows, AI that helps identify the samples and findings that matter most, and the ability to study those samples across increasingly large and diverse cohorts. We've put all our new development energy into new capabilities to make it easy to scale insight generation, so research organizations can focus on advancing the science rather than assembling and maintaining software."
The Illumina BioInsight Platform, which debuted last week, offers a suite of genomic and multiomics software tools and data sources. Researchers can choose the capabilities they need and link them together, designing workflows that best suit their science and adding capabilities as their programs grow.
BioInsight Platform Workflow Orchestrator enables connection to Illumina sequencers for automated, scaled genomics operations
As datasets grow and workflows become more complex, research organizations need consistent quality, reproducibility, and traceability at every stage of sequencing and analysis.
The new workflow orchestration software is designed to run each genomic analysis as a connected process, from sample tracking, through sequencer run planning, secondary analysis, quality control, and tertiary software for insight generation. A visual workflow builder allows customers to start from an Illumina authored template and configure specific parameters to reflect their individual lab innovations. Lab scientists define the workflow and the software executes it efficiently, consistently, and compliantly across tens of thousands of samples, enabling teams to scale operations without adding complexity.
In Workflow Orchestrator, each sample maintains a single identity across software tools, providing complete result lineage covering the inputs, software versions, settings, and quality metrics that produced them. This gives research organizations a reproducible, audit-ready operational foundation for genomic analysis.
For over a decade, DRAGEN has provided industry leading performance, accuracy, and capabilities in the field of genomic secondary analysis. The new DRAGEN Ultra capability extends genomic analysis beyond variant calling by combining Illumina genomic AI models and proprietary knowledge resources to help prioritize variants for further investigation, accelerating the path from variant identification to genomic insights. DRAGEN Ultra is available on the Illumina BioInsight Platform as well as customer premises, private clouds, and air-gapped environments.
Now in early access, the technology is designed to support a range of research applications, including rare disease, population genomics, and multiomic studies. By integrating annotation and prioritization with variant calls, DRAGEN Ultra provides more complete insights for large scale projects.
DRAGEN Ultra will include dnaAI, a new variant prioritization model that predicts which variants are most likely to explain an observed phenotype. Developed by the BioInsight AI Lab, the new model was featured in a plenary session at ASHG, where Illumina revealed early research findings from the model. Applying dnaAI to large scale datasets resulted in an 8% increase in disease associations across unsolved cases. The model also ranked previously established disease-associated variants among its top four candidates in 99.4% of genomes analyzed. In addition to the new dnaAI feature, DRAGEN Ultra also draws on Illumina models designed to address distinct classes of biological variation, including PrimateAI-3D, PromoterAI, and the newly announced SpliceAI2.
The Learning Cohorts tool, also in early access, will help researchers move beyond single sample evaluation and into dynamic knowledge generation in which every sample informs future discovery. Researchers can explore genomic, multiomic, and associated phenotypic data across large private sample collections, compare individual observations with broader populations, and investigate associations that may not be visible within any one sample. The Learning Cohorts tool makes capabilities available to private researchers that were traditionally only available with large public cohorts.
Researchers can begin with a scientific question, identify relevant populations from available datasets, and dynamically build cohorts for further analysis. For example, a researcher investigating a rare variant can identify subjects sharing similar genomic features or phenotypes, compare outcomes across groups, and explore associations that may warrant further study. This approach supports a shift from executing analyses on predetermined groups to discovering and investigating populations at scale.
Previously announced BioInsight Data adds curated reference datasets that researchers can use to enrich institutional cohorts and place findings in broader biological and population contexts. Together, the Learning Cohorts tool and BioInsight Data allow researchers to examine patterns across datasets, generate new hypotheses, and build research resources that become more informative as additional genomic, multiomic, and phenotypic data are added.
The three new applications are available for early access customers via the Illumina BioInsight Platform.
Illumina introduced the capabilities at the annual meeting of the American Society of Human Genetics (ASHG) in Montréal.
ASHG attendees can learn more about DRAGEN Ultra, BioInsight Workflow Orchestrator, and Learning Cohorts at Illumina booth #701 and during Illumina's Industry Education session on Friday, Oct 23, 12:15 PM–1:15 PM (ET) in Room 513 ABC. Learn more about the Illumina BioInsight Platform here.
About Illumina
Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as a global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical, and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. To learn more, visit illumina.com and connect with us on X, Facebook, LinkedIn, Instagram, TikTok, and YouTube.
, /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) announced results for the three and nine months ended September 30, 2026.
2026 Third Quarter Results:
New contracts decreased 2% to 1,861
Homes delivered decreased 2% to 2,241
Revenue declined 5% to $1.1 billion
Gross margin of 20.9%; 21.3% excluding inventory charges
Pre-tax income of $87 million, including inventory charges of $5 million, down 38%
Net income of $67 million ($2.56 per diluted share) versus $107 million ($3.92 per diluted share)
Shareholders' equity reached a record $3.3 billion, with book value per share increasing to a record $130
Repurchased $50 million of common stock
Homebuilding debt to capital ratio of 18%
The Company reported pre-tax income of $86.9 million and net income of $66.6 million ($2.56 per diluted share). These results include pre-tax inventory charges of $4.7 million ($0.14 per diluted share). This compares to pre-tax income of $139.8 million and net income of $106.5 million, or $3.92 per diluted share, for the third quarter of 2025. For the nine months ended September 30, 2026, pre-tax income was $280.6 million and net income was $213.5 million, or $8.14 per diluted share. This compared to pre-tax income of $446.0 million and net income of $339.0 million, or $12.32 per diluted share, for the same period of 2025.
Homes delivered in 2026's third quarter decreased 2% to 2,241 homes. This compares to 2,296 homes delivered in 2025's third quarter. Homes delivered for the nine months ended September 30, 2026 were 6,361 compared to 2025's deliveries of 6,620 for the nine months ended September 30, 2025, a decrease of 4%. New contracts decreased 2% to 1,861 for the third quarter of 2026 compared to 1,908 in last year's third quarter. For the first nine months of 2026, new contracts were 6,598 compared to 6,278 in 2025, an increase of 5%. Homes in backlog at September 30, 2026 had a total sales value of $1.1 billion, a 9% decrease from a year ago. Backlog units at September 30, 2026 decreased 7% to 2,046 homes, with an average sales price of $539,000. At September 30, 2025, backlog sales value was $1.2 billion, with backlog units of 2,189 and an average sales price of $553,000. M/I Homes had 246 communities at September 30, 2026 compared to 233 communities at September 30, 2025. The Company's cancellation rate was 12% in both the third quarter of 2026 and 2025.
Robert H. Schottenstein, Chief Executive Officer and President, commented, "Our third quarter results reflect increasingly difficult market conditions, including higher mortgage interest rates, weaker demand and growing economic uncertainty. Notwithstanding these conditions, we produced fairly solid results generating $87 million of pre-tax income, equating to an 8% return. Despite the current conditions, we remain confident in the long-term fundamentals of the housing industry. Our financial condition is excellent, is highlighted by a very strong balance sheet with record shareholders' equity of $3.3 billion, no borrowings under our $900 million unsecured credit facility, cash of $621 million, a homebuilding debt-to-capital ratio of 18%, and a net debt-to-capital ratio of 2%. We are well positioned to manage through this current cycle given the strength of our balance sheet, low debt levels, diverse product offerings and well-located communities."
The Company will broadcast live its earnings conference call today at 10:30 A.M. Eastern Time. To listen to the call live, log on to the M/I Homes' website at mihomes.com, click on the "Investors" section of the site, and select "Listen to the Conference Call." A replay of the call will continue to be available on our website through October 2027.
M/I Homes, Inc., celebrating its 50th year in business in 2026, is one of the nation's leading homebuilders of single-family homes. The Company has homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St. Paul, Minnesota; Detroit, Michigan; Tampa, Sarasota, Fort Myers/Naples and Orlando, Florida; Austin, Dallas/Fort Worth, Houston and San Antonio, Texas; Charlotte and Raleigh, North Carolina and Nashville, Tennessee.
Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "anticipates," "targets," "envisions," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements. These statements involve a number of risks and uncertainties. Any forward-looking statements that we make herein and in any future reports and statements are not guarantees of future performance, and actual results may differ materially from those in such forward-looking statements as a result of various factors, including, without limitation, factors relating to the economic environment, interest rates, availability of resources, competition, market concentration, land development activities, construction defects, product liability and warranty claims and various governmental rules and regulations including changes in trade policy affecting business such as new or increased tariffs, as well as the potential impact of retaliatory tariffs and other penalties, as more fully discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, as the same may be updated from time to time in our subsequent filings with the Securities and Exchange Commission. All forward-looking statements made in this press release are made as of the date hereof, and the risk that actual results will differ materially from expectations expressed herein will increase with the passage of time. We undertake no duty to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. However, any further disclosures made on related subjects in our subsequent filings, releases or presentations should be consulted.
M/I Homes, Inc. and Subsidiaries
Summary Statement of Income (unaudited)
(Dollars and shares in thousands, except per share amounts)
Three Months Ended
Nine Months Ended
September 30,
September 30,
2026
2025
2026
2025
New contracts
1,861
1,908
6,598
6,278
Average community count
240
234
236
228
Cancellation rate
12 %
12 %
10 %
12 %
Backlog units
2,046
2,189
2,046
2,189
Backlog sales value
$1,103,044
$1,210,790
$1,103,044
$1,210,790
Homes delivered
2,241
2,296
6,361
6,620
Average home closing price
$ 460
$ 477
$ 459
$ 477
Homebuilding revenue:
Housing revenue
$1,031,362
$1,095,418
$2,921,946
$3,159,924
Land revenue
11,963
1,724
41,777
12,933
Total homebuilding revenue
$1,043,325
$1,097,142
$2,963,723
$3,172,857
Financial services revenue
32,744
34,649
96,311
97,619
Total revenue
$1,076,069
$1,131,791
$3,060,034
$3,270,476
Cost of sales - operations
846,869
854,122
2,388,544
2,453,405
Cost of sales - inventory charges
4,723
7,583
8,923
7,583
Gross margin
$ 224,477
$ 270,086
$ 662,567
$ 809,488
General and administrative expense
76,568
70,766
207,952
197,086
Selling expense
64,611
64,049
183,974
180,490
Operating income
$ 83,298
$ 135,271
$ 270,641
$ 431,912
Interest income, net of interest expense
(3,578)
(4,548)
(9,969)
(14,122)
Income before income taxes
$ 86,876
$ 139,819
$ 280,610
$ 446,034
Provision for income taxes
20,323
33,329
67,157
107,064
Net income
$ 66,553
$ 106,490
$ 213,453
$ 338,970
Earnings per share:
Basic
$ 2.62
$ 4.01
$ 8.31
$ 12.60
Diluted
$ 2.56
$ 3.92
$ 8.14
$ 12.32
Weighted average shares outstanding:
Basic
25,431
26,544
25,699
26,895
Diluted
25,949
27,188
26,233
27,513
M/I Homes, Inc. and Subsidiaries
Summary Balance Sheet and Other Information (unaudited)
(Dollars in thousands, except per share amounts)
As of
September 30,
2026
2025
Assets:
Total cash, cash equivalents and restricted cash
$ 620,595
$ 734,174
Mortgage loans held for sale
232,575
239,585
Inventory:
Lots, land and land development
1,846,926
1,743,476
Land held for sale
37,867
9,231
Homes under construction
1,488,266
1,457,843
Other inventory
227,589
202,280
Total Inventory
$ 3,600,648
$ 3,412,830
Property and equipment - net
34,884
32,668
Investments in joint venture arrangements
87,167
81,514
Operating lease right-of-use assets
49,793
50,322
Goodwill
16,400
16,400
Deferred income tax asset
4,508
13,451
Other assets
213,595
188,600
Total Assets
$ 4,860,165
$ 4,769,544
Liabilities:
Debt - Homebuilding Operations:
Senior notes due 2028 - net
$ 399,007
$ 398,233
Senior notes due 2030 - net
298,251
297,747
Total Debt - Homebuilding Operations
$ 697,258
$ 695,980
Notes payable bank - financial services operations
230,424
231,979
Total Debt
$ 927,682
$ 927,959
Accounts payable
229,132
257,981
Operating lease liabilities
51,637
51,968
Other liabilities
399,147
382,187
Total Liabilities
$ 1,607,598
$ 1,620,095
Shareholders' Equity
3,252,567
3,149,449
Total Liabilities and Shareholders' Equity
$ 4,860,165
$ 4,769,544
Book value per common share
$ 129.94
$ 120.44
Homebuilding debt to capital ratio (1)
18 %
18 %
(1)
The ratio of homebuilding debt to capital is calculated as the carrying value of our homebuilding debt outstanding divided by the sum of the carrying value of our homebuilding debt outstanding plus shareholders' equity.
M/I Homes, Inc. and Subsidiaries
Selected Supplemental Financial and Operating Data (unaudited)
(Dollars in thousands)
Three Months Ended
Nine Months Ended
September 30,
September 30,
2026
2025
2026
2025
Cash (used in) provided by operating activities
$ (13,319)
$ 43,414
$ 159,218
$ 146,056
Cash used in investing activities
$ (34,013)
$ (15,452)
$ (40,768)
$ (30,698)
Cash used in financing activities
$ (68,014)
$ (94,186)
$ (187,044)
$ (202,754)
Land/lot purchases
$ 135,209
$ 115,372
$ 345,505
$ 363,106
Land development spending
$ 154,418
$ 181,320
$ 413,523
$ 421,927
Land sale revenue
$ 11,963
$ 1,724
$ 41,777
$ 12,933
Land sale gross profit
$ 2,304
$ 163
$ 9,994
$ 4,151
Financial services pre-tax income
$ 13,432
$ 16,598
$ 41,952
$ 47,180
M/I Homes, Inc. and Subsidiaries
Non-GAAP Financial Results (1)
(Dollars in thousands)
Three Months Ended
Nine Months Ended
September 30,
September 30,
2026
2025
2026
2025
Net income
$ 66,553
$ 106,490
$ 213,453
$ 338,970
Add:
Provision for income taxes
20,323
33,329
67,157
107,064
Interest income - net
(6,484)
(8,118)
(18,480)
(23,885)
Interest amortized to cost of sales
7,915
7,651
22,561
22,779
Depreciation and amortization
5,775
5,116
16,362
14,797
Non-cash charges
9,357
12,108
22,303
20,224
Adjusted EBITDA
$ 103,439
$ 156,576
$ 323,356
$ 479,949
(1)
We believe these non-GAAP financial measures are relevant and useful to investors in understanding our operations and may be helpful in comparing us with other companies in the homebuilding industry to the extent they provide similar information. These non-GAAP financial measures should be used to supplement our GAAP results in order to provide a greater understanding of the factors and trends affecting our operations.
M/I Homes, Inc. and Subsidiaries
Selected Supplemental Financial and Operating Data
NEW CONTRACTS
Three Months Ended
Nine Months Ended
September 30,
September 30,
%
%
Region
2026
2025
Change
2026
2025
Change
Northern
746
742
1 %
2,788
2,680
4 %
Southern
1,115
1,166
(4) %
3,810
3,598
6 %
Total
1,861
1,908
(2) %
6,598
6,278
5 %
HOMES DELIVERED
Three Months Ended
Nine Months Ended
September 30,
September 30,
%
%
Region
2026
2025
Change
2026
2025
Change
Northern
949
942
1 %
2,593
2,735
(5) %
Southern
1,292
1,354
(5) %
3,768
3,885
(3) %
Total
2,241
2,296
(2) %
6,361
6,620
(4) %
BACKLOG
September 30, 2026
September 30, 2025
Dollars
Average
Dollars
Average
Region
Units
(millions)
Sales Price
Units
(millions)
Sales Price
Northern
1,031
$ 595
$ 577,000
1,081
$ 609
$ 563,000
Southern
1,015
$ 508
$ 501,000
1,108
$ 602
$ 544,000
Total
2,046
$ 1,103
$ 539,000
2,189
$ 1,211
$ 553,000
LAND POSITION SUMMARY
September 30, 2026
September 30, 2025
Lots
Lots Under
Lots
Lots Under
Region
Owned
Contract
Total
Owned
Contract
Total
Northern
6,880
13,396
20,276
7,140
10,843
17,983
Southern
16,545
12,113
28,658
17,268
15,374
32,642
Total
23,425
25,509
48,934
24,408
26,217
50,625
M/I Homes, Inc. and Subsidiaries
Non-GAAP Reconciliation (1)
(Dollars and shares in thousands, except per share amounts)
Three Months Ended
Nine Months Ended
September 30,
September 30,
2026
2025
2026
2025
Income before income taxes
$ 86,876
$ 139,819
$ 280,610
$ 446,034
Add: Inventory charges (2)
4,723
7,583
8,923
7,583
Adjusted income before income taxes
$ 91,599
$ 147,402
$ 289,533
$ 453,617
Net income
$ 66,553
$ 106,490
$ 213,453
$ 338,970
Add: Inventory charges - net of tax (2)
3,618
5,991
6,788
5,991
Adjusted net income
$ 70,171
$ 112,481
$ 220,241
$ 344,961
Inventory charges - net of tax (2)
$ 3,618
$ 5,991
$ 6,788
$ 5,991
Divided by: Diluted weighted average shares outstanding
25,949
27,188
26,233
27,513
Diluted earnings per share related to inventory charges (2)
$ 0.14
$ 0.22
$ 0.26
$ 0.22
Add: Diluted earnings per share
2.56
3.92
8.14
12.32
Adjusted diluted earnings per share
$ 2.70
$ 4.14
$ 8.40
$ 12.54
(1)
We believe these non-GAAP financial measures are relevant and useful to investors in understanding our operations and may be helpful in comparing us with other companies in the homebuilding industry to the extent they provide similar information. These non-GAAP financial measures should be used to supplement our GAAP results in order to provide a greater understanding of the factors and trends affecting our operations.
(2)
Represents the related charges divided by diluted weighted average shares outstanding during the respective period as presented in the Summary Statement of Income.
TransUnion (NYSE: TRU) spustil řešení Transaction Matching, které propojuje platební transakce s trvalými identitami zákazníků a pomáhá maloobchodníkům rozlišovat mezi novými a vracejícími se zákazníky.
CHICAGO, Oct. 21, 2026 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) today announced the launch of Transaction Matching, a solution that connects transaction activity to persistent, privacy-conscious customer identities. The offering leverages Fiserv’s Unknown Shopper solution to help merchants recognize previously unidentified shoppers, including loyalty members who paid with a new card, or shoppers who paid using tap-to-pay or mobile wallet.
Merchants can then enrich pseudonymized customer profiles with demographic and lifestyle insights to better understand purchasing behavior and deliver more relevant offers.
“Transaction Matching helps merchants recognize more of the customers they already serve,” said Brian Silver, EVP of Global Marketing Solutions at TransUnion. “By connecting transaction activity with pseudonymized customer profiles, merchants can reduce duplicate records, better understand the customer journey and apply those insights across advertising, analytics and measurement.”
This is the first collaboration under TransUnion’s broader Transaction Matching solution, giving merchants a new way to unlock the value of customers who have traditionally been overlooked. It empowers merchants and brands to:
Bring unknown shoppers into focus: Connect previously unidentified in-store transactions to persistent customer identities.
Separate new customers from repeat customers: Identify returning customers who use a different payment card and measure new-customer acquisition more accurately.
Enrich customer profiles: Add demographic and lifestyle insights to help improve customer analysis and engagement.
Reduce payment method blind spots: Associate different card-based payment methods, inclusive of debit and credit card dip and swipe, tap-to-pay, and mobile wallet, with a single customer profile.
“Before partnering with TransUnion and Fiserv, a new credit card could look like a new customer, even when it belonged to a loyalty member,” explained Alisa Stewart, Director of Customer Relationship Management at Red Lobster. “Now we can easily distinguish new customers from returning guests and combine behavioral and demographic insights to better understand and engage them.”
Connecting customer intelligence across commerce and advertising
The collaboration connects complementary transaction and identity capabilities across the advertising and commerce ecosystems. This gives merchants a more complete view of customer activity while maintaining privacy-conscious controls.
“Many merchants have an incomplete view of their customers because transactions can appear disconnected across cards and payment methods,” said Prasanna Dhore, Chief Data Officer at Fiserv. “By working with TransUnion, we’re helping brands like Red Lobster recognize more of the customers already transacting with them, distinguish new customers and turn those insights into smarter marketing and growth decisions.”
To learn more about TransUnion’s Marketing Solutions, click here.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments, we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.
http://www.transunion.com/business
Prosperity Bancshares zvýšila čtvrtletní dividendu o 6,67 % na 0,64 USD na akcii; bude vyplacena 4. ledna 2027 akcionářům evidovaným k 15. prosinci 2026.
, /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.64 per share for the fourth quarter of 2026, payable January 4, 2027, to shareholders of record as of December 15, 2026. The fourth quarter dividend represents an increase of $0.04 per share, or 6.67%, from the prior quarter.
Prosperity Bancshares, Inc.®
As of June 30, 2026, Prosperity Bancshares, Inc.® is a $43.873 billion Houston, Texas based regional financial holding company providing personal banking services and investments to consumers and small to medium sized businesses throughout Texas and Oklahoma.
Founded in 1983, Prosperity believes in a community banking philosophy, taking care of customers, businesses, and communities in the areas it serves by providing financial solutions to simplify everyday financial needs. In addition to offering traditional deposit and loan products, Prosperity offers digital banking solutions, credit and debit cards, mortgage services, retail brokerage services, trust and wealth management, and treasury management.
Prosperity currently operates 352 full-service banking locations: 62 in the Houston area, including The Woodlands; 40 in the South Texas area including Corpus Christi and Victoria; 60 in the Dallas/Fort Worth area; 20 in the East Texas area; 26 in the Central Texas area including Austin; 7 in the San Antonio area; 45 in the West Texas area including Lubbock, Midland Odessa, Abilene; Amarillo and Wichita Falls; 15 in the Bryan/College Station area, 6 in the Central Oklahoma area; 8 in the Tulsa, Oklahoma area, 11 in the Central Texas area and San Antonio area doing business as Texas Partners Bank and 52 in the Houston and Dallas areas doing business as Stellar Bank.
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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are typically, but not exclusively, identified by the use in the statements of words or phrases such as "aim," "anticipate," "estimate," "expect," "goal," "guidance," "intend," "is anticipated," "is expected," "is intended," "objective," "plan," "projected," "projection," "will affect," "will be," "will continue," "will decrease," "will grow," "will impact," "will increase," "will incur," "will reduce," "will remain," "will result," "would be," variations of such words or phrases (including where the word "could," "may," or "would" is used rather than the word "will" in a phrase) and similar words and phrases indicating that the statement addresses some future result, occurrence, plan or objective. Forward-looking statements include all statements other than statements of historical fact, including forecasts or trends, and are based on current expectations, assumptions, estimates and projections about Prosperity Bancshares and its subsidiaries. These forward-looking statements may include information about Prosperity's possible or assumed future economic performance or future results of operations, including future revenues, income, expenses, provision for loan losses, provision for taxes, effective tax rate, earnings per share and cash flows and Prosperity's future capital expenditures and dividends, future financial condition and changes therein, including changes in Prosperity's loan portfolio and allowance for loan losses, future capital structure or changes therein, as well as the plans and objectives of management for Prosperity's future operations, future or proposed acquisitions, the future or expected effect of acquisitions on Prosperity's operations, results of operations, financial condition, and future economic performance, statements about the anticipated benefits of a proposed transaction, and statements about the assumptions underlying any such statement. These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, many of which are outside of Prosperity's control, which may cause actual results to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include but are not limited to whether Prosperity can: successfully identify acquisition targets and integrate the businesses of acquired companies and banks; continue to sustain its current internal growth rate or total growth rate; provide products and services that appeal to its customers; continue to have access to debt and equity capital markets; and achieve its sales objectives. Other risks include, but are not limited to: the possibility that credit quality could deteriorate; actions of competitors; changes in laws and regulations (including changes in governmental interpretations of regulations and changes in accounting standards); the possibility that the anticipated benefits of an acquisition transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of two companies or as a result of the strength of the economy and competitive factors generally; a deterioration or downgrade in the credit quality and credit agency ratings of the securities in Prosperity's securities portfolio; customer and consumer demand, including customer and consumer response to marketing; effectiveness of spending, investments or programs; fluctuations in the cost and availability of supply chain resources; economic conditions, including currency rate, interest rate and commodity price fluctuations; and weather. These and various other factors are discussed in Prosperity Bancshares' Annual Report on Form 10-K for the year ended December 31, 2025 and other reports and statements Prosperity Bancshares has filed with the Securities and Exchange Commission ("SEC"). Copies of the SEC filings for Prosperity Bancshares may be downloaded from the Internet at no charge from http://www.prosperitybankusa.com.
New York, New York--(Newsfile Corp. - October 21, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against The Chemours Company ("Chemours" or the "Company") (NYSE: CC) on behalf of investors that purchased or otherwise acquired Chemours securities between February 20, 2026 and August 4, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in Chemours and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than December 7, 2026 for an opportunity to be lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
According to the complaint, on August 4, 2026, after market, Chemours announced second quarter 2026 financial results. Among other things, the Company allegedly reduced its adjusted EBITDA full-year guidance to $775 million to $825 million (from $800 million to $900 million previously). Further, in the accompanying earnings call, management allegedly admitted that "[a]s a result of the initial channel fill, aftermarket customers built additional inventory, creating an oversupplied channel heading into 2026." On this news, the price of Chemours stock fell $3.34 per share, or 18.63%, to close at $14.59 per share on August 5, 2026.
The complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that (i) Defendants had materially overstated aftermarket demand for their Opteon products; (ii) demand for such products was decreasing as a result of Defendants' overselling Opteon products in the preceding fiscal year; and (iii) as a result of these undisclosed issues, Defendants' financial guidance for the 2026 fiscal year was unreliable.
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Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
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Analog Devices doporučuje akcionářům odmítnout nabídku společnosti Tutanota na odkup až 100 000 akcií ADI za 525 USD za akcii, která je podmíněna vyšší tržní cenou a zajištěním financování.
, /PRNewswire/ -- Analog Devices, Inc. (NASDAQ: ADI) today announced that it has received notice of an unsolicited mini-tender offer by Tutanota LLC ("Tutanota") to purchase up to 100,000 shares of ADI common stock at a price of $525.00 per share in cash. The offer price of $525.00 per share is conditioned on, among other things, the closing price per share of ADI common stock exceeding $525.00 per share on the last trading day before the offer expires. Although the offer price is currently above the market price of ADI common stock, this condition means that, unless it is waived by Tutanota, tendering ADI shareholders whose shares are purchased in the offer would receive a price below the market price of ADI common stock at the time the offer closes. If the condition is not satisfied, Tutanota is not obligated to purchase any shares. The shares subject to Tutanota's offer represent less than 0.03% of ADI's shares of common stock outstanding as of the October 12, 2026 offer date.
ADI recommends that shareholders do not tender their shares in response to Tutanota's offer because the offer requires that the closing stock price for ADI's common stock exceed the offer price, and it is subject to numerous additional conditions, including Tutanota obtaining financing for the offer, which Tutanota indicates it does not currently have. There is no guarantee the conditions of the offer will be satisfied. Under the terms of the offer, Tutanota can extend the offer and delay payment beyond the expiration date of the offer, currently scheduled for 5:00 p.m., New York City time, on Monday, November 16, 2026. The offer states that Tutanota expects to extend the offer for successive periods of 45 to 180 days until ADI's stock price exceeds $525.00 per share, during which time shareholders who have tendered may be unable to sell their tendered shares unless they withdraw them. Per the terms of the offer, shareholders who tender (or have already tendered) their shares can withdraw them prior to the expiration of the offer.
ADI does not endorse Tutanota's unsolicited mini-tender offer and is not affiliated or associated in any way with Tutanota, its mini-tender offer, or its offer documentation.
Tutanota has made similar mini-tender offers for shares of other publicly traded companies. A mini-tender offer is an offer that would result in the bidder holding not more than 5 percent of a company's outstanding shares, thereby avoiding many disclosure and procedural requirements of the U.S. Securities and Exchange Commission ("SEC") that apply to offers for more than 5 percent of a company's outstanding shares. As a result, mini-tender offers do not provide investors with the same level of protections as provided for larger tender offers under U.S. securities laws.
The SEC has cautioned investors that some bidders making mini-tender offers at below-market prices are "hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price." More on the SEC's guidance to investors on mini-tender offers is available at SEC.gov | Mini-Tender Offers: Tips for Investors.
ADI urges investors to obtain current market quotations for their shares, to consult with their broker or financial advisor and to exercise caution with respect to Tutanota's offer. ADI recommends that shareholders who have not responded to Tutanota's offer take no action. Shareholders who have already tendered their shares may withdraw them at any time prior to the expiration of the offer, in accordance with Tutanota's offer documentation. Tutanota may extend the offering period at its discretion.
ADI encourages brokers and dealers, as well as other market participants, to review the SEC's letter regarding broker-dealer mini-tender offer dissemination and disclosure at Letter to SIA re: Broker-Dealer Mini-Tender Offer Dissemination and Disclosures and the NASD Notice to Members 99-53 issued in July 1999 regarding guidance to members forwarding mini-tender offers to their customers, which can be found at https://www.finra.org/sites/default/files/NoticeDocument/p004221.pdf.
ADI requests that a copy of this news release be included with all distributions of materials relating to Tutanota's mini-tender offer related to shares of ADI common stock.
About Analog Devices, Inc.
Analog Devices, Inc. (NASDAQ: ADI) is a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. ADI combines analog, digital, AI, and software technologies into solutions that combat climate change, reliably connect humans and the world, and help drive advancements in automation and robotics, mobility, healthcare, energy and data centers. With revenue of more than $11 billion in FY25, ADI ensures today's innovators stay Ahead of What's Possible. Learn more at www.analog.com and on LinkedIn and X.
CONTACT:
Jeff Ambrosi
Senior Director, Investor Relations
Analog Devices
[email protected]
(781) 461-3282
Ferda Millan
Global PR and External Communications
Analog Devices
[email protected]
(408) 373-1854
Diversify Advisory Services LLC acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 159,393 shares of the semiconductor company’s stock, valued at approximately $38,452,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Marvell Technology by 34.1% in the second quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock valued at $25,511,649,000 after buying an additional 21,798,190 shares during the last quarter. State Street Corp lifted its stake in shares of Marvell Technology by 79.3% in the second quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock worth $12,462,011,000 after buying an additional 18,495,866 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Marvell Technology in the second quarter worth about $2,607,795,000. Bank of New York Mellon Corp lifted its stake in shares of Marvell Technology by 153.3% in the second quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock worth $2,370,604,000 after buying an additional 4,815,725 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in Marvell Technology during the second quarter worth about $1,742,526,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.
Insiders Place Their Bets In related news, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $180.50, for a total value of $1,805,000.00. Following the transaction, the chief operating officer directly owned 227,941 shares in the company, valued at approximately $41,143,350.50. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Justin Scarpulla sold 1,100 shares of the stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $273.59, for a total value of $300,949.00. Following the completion of the transaction, the chief accounting officer owned 909 shares of the company’s stock, valued at $248,693.31. The trade was a 54.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 57,285 shares of company stock valued at $12,837,063. Insiders own 0.12% of the company’s stock.
Trending Headlines about Marvell Technology Here are the key news stories impacting Marvell Technology this week: Positive Sentiment: Analysts and investors remain optimistic about Marvell’s AI opportunity. Coverage highlights robust demand for AI infrastructure products, improving long-term revenue visibility, and the company’s reported six-year, $120 billion agreement with Alphabet. Is Marvell Technology a Millionaire-Maker Stock? Positive Sentiment: GF Securities said a reported delay to Google’s next tensor processing unit should not materially damage Marvell’s position among custom-chip suppliers, helping ease concerns about near-term project timing. Marvell Jumps as Google Chip Delay Is Viewed as Manageable Positive Sentiment: Recent analyst support, including a fair-value increase tied to AI growth expectations, is reinforcing the bullish case for MRVL. Marvell Stock Sees Fair Value Lift Positive Sentiment: Marvell’s upcoming dividend payment provides a modest income-related catalyst and may attract investors seeking exposure to semiconductor infrastructure. Marvell to Pay Dividends Next Week Analyst Ratings Changes Several analysts recently issued reports on the stock. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Marvell Technology in a research note on Tuesday, October 6th. Royal Bank Of Canada raised their target price on shares of Marvell Technology from $360.00 to $425.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 7th. The Goldman Sachs Group reissued a “neutral” rating and issued a $270.00 target price on shares of Marvell Technology in a research note on Wednesday, October 7th. Needham & Company LLC boosted their target price on Marvell Technology from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Finally, KeyCorp restated an “overweight” rating on shares of Marvell Technology in a research report on Wednesday, October 7th. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $327.36.
View Our Latest Research Report on Marvell Technology
Marvell Technology Price Performance Marvell Technology stock opened at $240.42 on Wednesday. Marvell Technology, Inc. has a 12-month low of $70.68 and a 12-month high of $329.88. The stock has a market cap of $210.82 billion, a P/E ratio of 79.35, a PEG ratio of 7.07 and a beta of 2.26. The company has a 50-day moving average price of $242.27 and a 200 day moving average price of $218.93. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last issued its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the firm earned $0.67 earnings per share. Marvell Technology’s quarterly revenue was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Sell-side analysts anticipate that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.
Marvell Technology Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Friday, October 9th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, October 9th. Marvell Technology’s payout ratio is presently 7.92%.
(Free Report)
Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.
The company’s portfolio includes data-processing and networking processors, custom application-specific integrated circuits, Ethernet switches and controllers, storage controllers, connectivity products, and electro-optics solutions.
See Also Five stocks we like better than Marvell Technology Aurora Rejects Curaleaf’s Higher Bid, But the Takeover Fight Isn’t Over Centrus Energy Is Building a Nuclear Fuel Powerhouse—Why Is Its Stock Struggling? Halliburton Gains Traction: Multiyear Upcycle Ahead Meta Platforms’ AI Comeback Faces an Earnings Test—And a $10 Billion Charge Want to see what other hedge funds are holding MRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marvell Technology, Inc. (NASDAQ:MRVL – Free Report).
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Vertiv a NVIDIA představily model výstavby továren na AI, který má při stejné kapacitě zvýšit kumulovaný výstup tokenů za prvních 12 měsíců až o 30 %. Polar jej nasazuje v první fázi datacentra v Norsku o výkonu 41 MW.
Pre-engineered reference designs enable configuration and validation up to 10x faster, combined with factory-built infrastructure for faster deployment, integrated with Dassault Systèmes' 3DEXPERIENCE agentic platform
, /PRNewswire/ -- At NVIDIA GTC Berlin, Vertiv Holdings Co. (NYSE: VRT) and NVIDIA today introduced an AI factory approach that combines rapid configuration and virtual validation of pre-engineered reference architectures with factory-built deployment. The approach is designed to move AI factories from project kickoff to productive capacity faster and, under defined assumptions, generate up to 30% more cumulative token output within the first 12 months with the same installed capacity1. Polar Data Centers is applying the factory-built deployment approach to the first 41 MW phase of its multiphase AI data center at Herøya, Norway.
For AI factory operators, securing compute is only part of the challenge. Traditional infrastructure development can require power, cooling and facility systems to be engineered and integrated through separate, sequential processes, creating complexity and potential delays. The Vertiv and NVIDIA approach starts instead with pre-engineered AI factory reference architectures that can be rapidly configured to customer and site requirements, virtually validated before deployment, then translated into factory-built infrastructure.
Configure and Validate: Up to 10x Faster with Pre-Engineered Reference Designs2
Teams can start with pre-engineered AI factory reference designs and rapidly configure them for specific compute, power, cooling and facility requirements in a shared virtual environment. The approach combines the NVIDIA Vera Rubin DSX AI Factory reference design and NVIDIA Omniverse DSX Blueprint, with Vertiv SimReady power and cooling assets, integrated with Dassault Systèmes' 3DEXPERIENCE agentic platform.
Rather than developing an integrated infrastructure design from scratch, teams can configure and virtually validate proven reference designs against project requirements, interfaces and constraints. In the modeled scenario, this reduces the time from requirements to a configured and validated AI factory solution from approximately 30 days to three days, a 10x improvement.
Vertiv is also contributing SimReady OpenUSD assets of its power and cooling equipment to SimReady Central Library on Hugging Face. The library helps engineering teams discover and reuse validated equipment assets in AI factory digital twins, reducing asset preparation and helping teams evaluate infrastructure options during design.
Deploy: Up to 50% Faster with Factory-Built Infrastructure3
Once the AI factory configuration is validated, Vertiv prefabricated solutions shift more assembly, integration and testing into the factory before equipment reaches the site. These solutions include Vertiv™ OneCore, a hybrid-built data center solution that integrates critical power, thermal management and supporting infrastructure, and Vertiv™ SmartRun, a prefabricated overhead infrastructure system for high-density power distribution, liquid cooling, networking and containment.
By moving more infrastructure work off-site, teams can reduce field complexity and on-site integration requirements. In the modeled scenario, the factory-built approach reduces the infrastructure deployment period from approximately 90 days to 45 days, a reduction of up to 50%.
Combined with the faster configuration and validation enabled by pre-engineered reference designs, the modeled approach reduces these stages from approximately 120 days to 48 days. That can make productive AI capacity available about 10 weeks sooner, generating up to 30% more cumulative token output within 12 months of project kickoff with the same installed capacity.
Field Deployment: Polar Data Centers at Herøya, Norway
At its Herøya campus in Norway, Polar is using Vertiv's factory-built deployment model for the first 41 MW phase of its multiphase AI data center, scalable to 100 MW. By shifting more infrastructure assembly, integration and testing into the factory before equipment reaches the site, the deployment model is designed to reduce on-site complexity and help make high-density, liquid-cooled capacity available to customers sooner. Vertiv is supplying prefabricated power and thermal modules, Vertiv™ SmartRun overhead infrastructure and Vertiv™ SmartMod, supported by Vertiv™ Unify software.
"An AI factory earns its return in tokens, and every day spent configuring infrastructure or integrating it on site is output that never comes back," said Giordano Albertazzi, CEO of Vertiv. "Success depends on how quickly operators can move from requirements to productive AI capacity. By starting with pre-engineered reference designs that can be rapidly configured and validated, then extending that approach through factory-built deployment, we help customers reduce complexity, deploy infrastructure faster and bring AI capacity online sooner. Polar Data Centers is demonstrating how that approach can be applied at scale in a real-world AI factory deployment."
"AI factories must be designed as one system, and the NVIDIA Vera Rubin DSX AI Factory reference design helps teams align compute, power and cooling requirements from the outset," said Vladimir Troy, Vice President of AI Infrastructure at NVIDIA. "With the NVIDIA Omniverse DSX Blueprint, companies such as Vertiv and Dassault Systèmes can simulate these systems together and carry an integrated design into physical deployment, helping operators resolve conflicts earlier and bring productive AI capacity online sooner."
"With Vertiv and NVIDIA, we're accelerating AI factory design and deployment by engineering the factory as one system – compute, networking, power and cooling co-designed and co-simulated in a virtual twin," said Stéphane Sireau, Vice President, High-Tech Industry, at Dassault Systèmes. "Integration issues get resolved before construction, not on site, helping bring token-producing capacity online sooner."
"Our customers measure us on how quickly capacity is ready for them," said Andy Hayes, CEO of Polar Data Centers. "At Herøya, Vertiv's factory-built infrastructure helps us manage the complexity of deploying power, cooling and white-space systems for high-density computing. It gives us a more disciplined, repeatable deployment model while preserving the flexibility to meet the requirements of our customers."
Vertiv and NVIDIA plan to demonstrate elements of the approach at NVIDIA GTC Berlin, including how facility requirements inform infrastructure configuration, how teams can virtually validate power and cooling requirements, and how Vertiv applies factory-built infrastructure to accelerate physical deployment. The demonstration will feature technology from Dassault Systèmes, and Polar Data Centers will show how the deployment approach is being applied in a real-world AI factory.
Visitors can learn more at the Vertiv booth (#3055), and Scott Armul, Chief Product and Technology Officer at Vertiv, will present Building the AI Factory: Converting Megawatts into Intelligence during a sponsored expo-theater session on Oct. 22, 2026, from 4:00 to 4:15 p.m. CEST.
For more information about Vertiv's portfolio of power and thermal management products, infrastructure solutions, IT systems and services for critical digital applications, visit www.Vertiv.com.
1:
Modeled. First 12 months measured from design kickoff: 317 vs. 245 productive days at equal installed capacity (3 + 45 vs. 30 + 90 days). Actual results will vary.
2:
Modeled. Time to an initial integrated design, configured and validated in the digital twin: 3 days vs. a 30-day conventional design process. Results vary by project.
3:
Modeled. On-site power and cooling deployment with Vertiv factory-built infrastructure: 45 days vs. a 90-day conventional on-site baseline. Results vary by project.
About Vertiv Holdings Co.
Vertiv Holdings Co. (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.
About Polar Data Centers
Polar develops and operates high-performance data centers optimised for AI and high-density computing workloads. The company is building a growing European platform of AI-ready infrastructure, combining renewable power, resilient design, high-density cooling capability, and a customer-led approach to development and operations.
About Dassault Systèmes
Dassault Systèmes is a catalyst for human progress. Since 1981, the company has pioneered virtual worlds to improve real life for consumers, patients and citizens. Through the 3DEXPERIENCE platform, AI-powered, science-based virtual twins help 390,000 customers of all sizes, in all industries, collaborate, imagine and create sustainable innovations that drive meaningful impact. For more information, visit: www.3ds.com
Forward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
For media inquiries, please contact:
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Paycom ve druhém čtvrtletí 2026 zvýšil tržby o 10 % na 531 mil. USD a čistý zisk o 20 % na 107 mil. USD. Výhled celoročních tržeb zvýšil na 2,212 mld. USD.
Software maker Paycom Software, Inc. (PAYC) rises 620% since 2015’s first outlier inflow signal, being revived by institutional interest.
PAYC develops and sells cloud-based software for human resources management, providing data and analytics to manage the full employment cycle. The company’s second-quarter 2026 report showed revenue of $531 million (a 10% year-over-year gain), GAAP net income of $107 million or $2.34 per diluted share (a 20% jump), returned $346 million to shareholders through repurchases, and increased full-year revenue and adjusted EBITDA guidance to a high end of $2.212 billion and $1.022 billion, respectively. The company reports again on Nov. 4.
It’s no wonder PAYC shares are up 65% this year – and they could rise more. MoneyFlows data shows how Big Money investors are once again betting heavily on the forward picture of the stock.
Big Money Rushes to Paycom Institutional volumes reveal plenty. In the last year, PAYC has enjoyed strong investor demand, which we believe to be institutional support.
Each green bar signals unusually large volumes in PAYC shares. They reflect our proprietary inflow signal, pushing the stock higher:
Institutional inflows returning in the spring of 2026 sent PAYC shares up 65% so far in 2026. Source: www.moneyflows.com Plenty of technology names are under accumulation right now. But there’s a powerful fundamental story happening with Paycom.
Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, PAYC has had strong sales and earnings growth:
Also, EPS is estimated to ramp higher this year by +15.6%.
Now it makes sense why the stock has been generating Big Money interest again. PAYC has a track record of strong financial performance.
Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.
Paycom has been a top-rated stock at MoneyFlows. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
It’s made the rare Outlier 20 report 64 times since 2015, gaining 620% in that time. The blue bars below show when PAYC was a top pick this year…institutions are still buying:
PAYC shares have attracted 64 outlier inflow signals since 2015 (620% gain), including two in 2026. Source: www.moneyflows.com Tracking unusual volumes reveals the power of money flows.
This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.
The PAYC revival isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.
Disclosure: the author holds long positions in PAYC in personal and managed accounts at the time of publication.
If you are a Registered Investment Advisor (RIA) or a serious investor, take your investing to the next level. MoneyFlows created 11 Frontiers indexes to help serious investors capture AI-driven themes and learn the leading stocks in each Frontier. Get started here.
About the Author
Lucas is a well-versed equity investor and educator. He currently is co-founder of research and analytics firm, MAPsignals.com, which focuses on finding outlier stocks by following the Big Money.
Společnosti Amkor Technology a NVIDIA uzavřely novou dohodu o investici ve výši 1,3 miliardy USD do rozšíření kapacit pokročilého pouzdření čipů v Jižní Koreji.
New $1.3 billion agreement supports further expansion in South Korea, building on the companies’ recent Arizona collaboration
TEMPE, Ariz.--(BUSINESS WIRE)--Amkor Technology, Inc. (Nasdaq: AMKR), a leading provider of outsourced semiconductor packaging and test services, today announced additional investments in South Korea for capacity expansion initiatives with NVIDIA. With this latest commitment, Amkor’s multi-year agreements with NVIDIA in Arizona and South Korea total $3 billion. The initiatives support growing demand for next-generation AI and accelerated computing platforms.
“Our work with Amkor helps us scale production of current and next-generation platforms while strengthening the resilience of our global supply chain.” -Debora Shoquist, NVIDIA EVP Operations
Share Advanced packaging technologies are essential to enabling the performance, power efficiency and integration required for next-generation computing systems. The prepayments align Amkor's manufacturing capacity with NVIDIA’s long-term growth plans and support increasing demand for advanced packaging solutions.
“Our partnership with NVIDIA underscores the critical role advanced packaging plays in enabling next-generation AI platforms,” said Kevin Engel, president and chief executive officer of Amkor Technology. “These investments build on our global manufacturing footprint and strengthen our ability to support customers through our operations in both the United States and South Korea.”
“Growing demand for accelerated computing is increasing the need for advanced packaging capacity,” said Debora Shoquist, executive vice president, operations of NVIDIA. “Our work with Amkor helps us scale production of current and next-generation platforms while strengthening the resilience of our global supply chain.”
This collaboration further strengthens Amkor’s role as a strategic manufacturing partner for NVIDIA and reinforces the companies’ shared commitment to supporting the continued expansion of AI infrastructure.
Amkor will also exhibit at NVIDIA GTC Washington, D.C. from Nov. 30 - Dec. 3, where the company will showcase its advanced packaging and test capabilities and engage with customers, policymakers and industry leaders.
About Amkor Technology, Inc.
Amkor Technology, Inc. (Nasdaq: AMKR) is the world’s largest U.S. headquartered OSAT and is a global leader in outsourced semiconductor packaging and test services. With a strong track record of innovation, a broad and diverse geographic footprint and solid partnerships with lead customers, Amkor delivers high-quality solutions that enable the world’s leading semiconductor and electronics companies to bring advanced technologies to market. The company’s comprehensive portfolio includes advanced packaging, wafer-level processing, and system-in-package solutions targeting applications for smartphones, data centers, artificial intelligence, automobiles and wearables. For more information visit amkor.com.
Amkor Technology, Inc. Forward-Looking Statement Disclaimer
This press release contains forward-looking statements within the meaning of the federal securities laws, including statements about the demand for and expansion of advanced packaging capacity in the United States and South Korea, demand for next-generation AI and accelerated computing platforms, planned investments, construction timing, and long-term technology roadmaps. You are cautioned not to place undue reliance on forward-looking statements. All forward-looking statements in this press release are made based on our current expectations, forecasts, estimates, and assumptions. Because such statements include risks and uncertainties, actual results may differ materially from those anticipated in such forward-looking statements. Risk factors that could affect the outcome of the events set forth in these statements include, but are not limited to, that there can be no assurance that the Arizona campus will be built on the timeline, at the cost or to the specifications expected or at all or that the campus will generate sales or other benefits of the type or amount expected or at all and other factors discussed in the company’s reports filed with or furnished to the Securities and Exchange Commission. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement. We assume no obligation to review or update any forward-looking statements to reflect events or circumstances occurring after the date of this press release except as may be required by applicable law.
All-time record quarterly sales, operating profit and non-GAAP diluted earnings per share Third quarter net sales of $1,684.9 million, an increase of 9.4% compared with last year Third quarter GAAP diluted earnings per share of $5.82, an increase of 25.2% compared with last year Third quarter non-GAAP diluted earnings per share of $6.72, an increase of 20.6% compared with last year Third quarter cash from operations of $352.5 million and free cash flow of $319.5 million Raising full year 2026 GAAP diluted earnings per share outlook to $21.71 to $21.87 compared with the prior outlook of $20.73 to $20.99, and raising full year 2026 non-GAAP earnings per share outlook to $25.40 to $25.50, compared with the prior outlook of $24.45 to $24.65 Announced pending acquisition of Varex Imaging Corporation for approximately $1.1 billion Quarter-end consolidated leverage ratio of 0.9x Stock repurchases in September and through October 19th totaling $224.6 million at a weighted average price of $607.03 per share Teledyne today reported third quarter 2026 net sales of $1,684.9 million compared with net sales of $1,539.5 million for the third quarter of 2025, an increase of 9.4%. The third quarter of 2026 net sales included $11.7 million in incremental sales from recent acquisitions. Net income attributable to Teledyne was $272.8 million ($5.82 diluted earnings per share) for the third quarter of 2026 compared with $220.7 million ($4.65 diluted earnings per share) for the third quarter of 2025, an increase of 23.6%. The third quarter of 2026 included $55.2 million of pretax acquired intangible asset amortization expense and $0.2 million of pretax transaction and integration costs. Excluding those items, non-GAAP net income attributable to Teledyne for the third quarter of 2026 was $315.1 million ($6.72 diluted earnings per share). The third quarter of 2025 included $55.1 million of pretax acquired intangible asset amortization expense, $0.7 million of pretax transaction and integration costs, $1.4 million of pretax inventory step-up expense, and $0.2 million of income tax expense from FLIR acquisition-related tax matters. Excluding those items, non-GAAP net income attributable to Teledyne for the third quarter of 2025 was $264.5 million ($5.57 diluted earnings per share). Operating margin was 20.6% for the third quarter of 2026 compared with 18.4% for the third quarter of 2025. Excluding the items discussed above, non-GAAP operating margin for the third quarter of 2026 was 23.9% compared with 22.1% for the third quarter of 2025.
“Our third quarter sales and operating earnings were the strongest in Teledyne’s history,” said Robert Mehrabian, Executive Chairman. “Specifically, sales and non-GAAP earnings per share increased 9.4% and 20.6%, respectively. Organic growth accelerated in our Digital Imaging segment and was led by sales of infrared detectors and subsystems for space and unmanned applications. Furthermore, each of our major commercial imaging businesses, such as industrial vision sensors & systems and healthcare, increased year-over-year. For all of Teledyne, orders exceeded sales every quarter over the last three years, and funded backlog is now nearly $5.3 billion. We were pleased to announce the pending highly-complementary Varex acquisition in August, and Varex’s special meeting is scheduled for October 28. Finally, given our continued strong cash flow, we recently made $224.6 million of opportunistic stock repurchases.”
Review of Operations
Comparisons are with the third quarter of 2025, unless noted otherwise.
Digital Imaging
The Digital Imaging segment’s third quarter 2026 net sales were $903.0 million compared with $785.4 million, an increase of 15.0%. Operating income was $182.7 million for the third quarter of 2026 compared with $123.4 million, an increase of 48.1%. Acquired intangible asset amortization expense for the third quarter of 2026 was $46.9 million compared with $46.8 million. Excluding this item, non-GAAP operating income for the third quarter of 2026 was $229.6 million compared with $170.2 million, an increase of 34.9%.
Third quarter of 2026 net sales increased primarily due to higher sales of infrared imaging detectors, components and subsystems for both defense and commercial applications as well as higher sales of maritime products, integrated defense systems, industrial and scientific imaging systems, X-ray products, and surveillance systems. The third quarter of 2026 included $5.5 million of incremental Digital Imaging sales from a recent acquisition. The increase in operating income primarily reflected higher net sales and favorable product mix.
Instrumentation
The Instrumentation segment’s third quarter 2026 net sales were $370.5 million compared with $363.6 million, an increase of 1.9%. Operating income was $99.6 million for the third quarter of 2026 compared with $98.8 million, an increase of 0.8%. Acquired intangible asset amortization expense for the third quarter of 2026 was $3.0 million compared with $3.3 million. Excluding this item, non-GAAP operating income for the third quarter of 2026 was $102.6 million compared with $102.1 million, an increase of 0.5%.
The third quarter of 2026 net sales increase resulted from an $8.3 million increase in sales of environmental instrumentation primarily due to $6.2 million of incremental sales from a recent acquisition and a $3.4 million increase in sales of marine instrumentation, partially offset by a $4.8 million decrease in sales of electronic test and measurement instrumentation. The increase in operating income primarily reflected the increase in net sales.
Aerospace and Defense Electronics
The Aerospace and Defense Electronics segment’s third quarter 2026 net sales were $287.4 million compared with $275.5 million, an increase of 4.3%. Operating income was $77.8 million for the third quarter of 2026 compared with $70.4 million, an increase of 10.5%. Acquired intangible asset amortization expense for the third quarter of 2026 was $5.3 million compared with $5.0 million. The third quarter of 2025 included $0.5 million of pretax transaction and integration costs with no comparable amount in the third quarter of 2026. Inventory step-up expense for the third quarter of 2025 was $1.4 million with no comparable amount in the third quarter of 2026. Excluding acquired intangible asset amortization expense, pretax transaction and integration costs, and inventory step-up expense, non-GAAP operating income for the third quarter of 2026 was $83.1 million compared with $77.3 million, an increase of 7.5%.
Third quarter of 2026 net sales reflected higher sales of $16.5 million for defense electronics and lower sales of $4.6 million for aerospace electronics. The increase in operating income primarily reflected the impact of higher sales as well as improved margins at recently acquired businesses.
Engineered Systems
The Engineered Systems segment’s third quarter 2026 net sales were $124.0 million compared with $115.0 million, an increase of 7.8%. Operating income was $13.0 million for the third quarter of 2026 compared with $12.2 million, an increase of 6.6%.
Third quarter of 2026 net sales primarily reflected higher sales of engineered products. The increase in operating income was primarily driven by higher net sales.
Additional Financial Information
Cash Flow
Cash provided by operating activities was $352.5 million for the third quarter of 2026 compared with $343.1 million, with the increase driven by favorable operating results in the third quarter of 2026 compared with 2025, partially offset by higher inventory purchases. Depreciation and amortization expense for the third quarter of 2026 was $84.7 million compared with $84.5 million. Stock-based compensation expense for the third quarter of 2026 was $12.2 million compared with $10.5 million.
Capital expenditures for the third quarter of 2026 were $33.0 million compared with $29.2 million. Teledyne received $3.9 million from the exercise of stock options in the third quarter of 2026 compared with $13.0 million.
As of September 27, 2026, net debt was $1,465.4 million, which is calculated as total debt of $2,027.8 million, net of cash and cash equivalents of $562.4 million. As of December 28, 2025, net debt was $2,123.0 million, representing total debt of $2,475.4 million, net of cash and cash equivalents of $352.4 million. During the third quarter of 2026, the company repurchased approximately 0.2 million of its shares for $94.8 million.
As of September 27, 2026, $1,158.4 million was available under the $1.20 billion credit facility after reductions of $41.6 million in outstanding letters of credit.
On August 10, 2026, Teledyne and Varex Imaging Corporation (“Varex”) entered into a definitive agreement under which Teledyne will acquire Varex in a cash transaction valued at approximately $1.1 billion, which considers Varex’s outstanding equity awards and net debt. The company plans to fund the pending acquisition from cash on hand as well as available borrowings under its credit facility. The transaction is expected to close in early 2027 and is subject to customary closing conditions, including regulatory approvals and approval by Varex’s stockholders. After close, Varex will be included within the Digital Imaging segment. Prior to entering into the agreement, Teledyne acquired approximately 1.3 million shares of Varex for $13.9 million, and during the third quarter of 2026, Teledyne recorded a $10.6 million gain within other income (expense), net, related to adjusting these shares to the market price at the end of the quarter.
Third Quarter
Free Cash Flow
2026
2025
Cash provided by operating activities
$
352.5
$
343.1
Capital expenditures for property, plant and equipment
(33.0
)
(29.2
)
Free cash flow
$
319.5
$
313.9
Income Taxes
The effective tax rate for the third quarter of 2026 was 21.3% compared with 19.3%. The third quarter of 2026 included net discrete income tax benefits of $1.6 million compared with $4.9 million.
Other
Corporate expense was $25.9 million for the third quarter of 2026 compared with $22.0 million, with the increase primarily related to higher professional services as well as higher compensation costs, including incentive compensation. Non-service retirement benefit income was $2.6 million for the third quarter of 2026 compared with $2.7 million. Interest expense, net of interest income, was $10.5 million for the third quarter of 2026 compared with $12.6 million, with the decrease due to lower outstanding borrowings compared with the third quarter of 2025. Other income (expense), net, in the third quarter of 2026 primarily consisted of a mark-to-market gain on Varex shares held by Teledyne, partially offset by foreign currency exchange losses. Other income (expense), net, primarily consisted of foreign currency exchange losses in the third quarter of 2025.
Outlook
Based on its current outlook, the company’s management believes that fourth quarter 2026 GAAP diluted earnings per share will be in the range of $5.68 to $5.83, and full year 2026 GAAP diluted earnings per share will be in the range of $21.71 to $21.87. The company’s management further believes that fourth quarter 2026 non-GAAP diluted earnings per share will be in the range of $6.60 to $6.70, and full year 2026 non-GAAP diluted earnings per share will be in the range of $25.40 to $25.50. The non-GAAP outlook excludes certain transaction and integration costs and acquired intangible asset amortization.
Use of Non-GAAP Financial Measures
We report our financial results in accordance with generally accepted accounting principles in the United States (“GAAP”). We supplement the reporting of our financial results determined under GAAP with certain non-GAAP financial measures. The non-GAAP financial measures provide management, financial analysts and investors with additional useful information for evaluating the company’s performance. The non-GAAP financial measures should be considered in addition to and not as substitutes for financial measures prepared in accordance with GAAP. Further details on reasons we use non-GAAP financial measures, a reconciliation of those measures to the most directly comparable GAAP measures and other information related to those measures are included after our GAAP financial statements.
Forward-Looking Statements Cautionary Notice
This earnings release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, with respect to management’s beliefs about the financial condition, results of operations, acquisitions, capital expenditures, stock repurchases, product synergies, integration costs, tax matters and businesses of Teledyne in the future. Forward-looking statements involve risks and uncertainties, are based on the current expectations of the management of Teledyne and are subject to uncertainty and changes in circumstances. All statements made in this earnings release that are not historical in nature should be considered forward-looking. Actual results could differ materially from these forward-looking statements.
Many factors could change anticipated results, including: global conflicts including the conflicts in the Middle East as well as the ongoing conflict between Russia and Ukraine, including among other things, higher energy costs and energy supply constraints, disruptions in shipping, supply shortages of critical materials, including aluminum, metals, chemicals and industrial helium supplies, disruptions to air travel, the risk of retaliation against U.S. targets, and slower global growth; the impact of policies of the U.S. Presidential Administration, especially with respect to new and higher tariffs, cutbacks in the funding of government agencies and programs, and the scaling back of environmental and green energy policies; escalating economic and diplomatic tension between China and the United States, including a “trade war” resulting in higher tariffs and restrictions on sales of goods and services; reciprocal tariffs from other countries, especially from members of the European Union; U.S. Government shutdowns, which in the past have resulted in delays in anticipated contract awards, delayed payments of invoices, and delays in the issuance of export and other licenses; the inability to develop and market new competitive products; changes in relevant tax and other laws; foreign currency exchange risks; rising interest rates; risks associated with indebtedness, as well as our ability to reduce indebtedness and the timing thereof; the impact of semiconductor and other supply chain shortages; higher inflation, including wage competition and higher shipping costs; labor shortages and competition for skilled personnel; inherent uncertainties involved in the estimates and judgments used in the preparation of financial statements and the providing of estimates of financial measures, in accordance with GAAP and related standards; disruptions in the global economy; changes in demand for products sold to the defense electronics, instrumentation, digital imaging, energy exploration and production, commercial aviation, semiconductor, and communications markets; funding, continuation and award of government programs; cuts to defense spending resulting from existing and future deficit reduction measures or changes to U.S. and foreign government spending and budget priorities triggered by inflation, and economic conditions; the imposition and expansion of, and responses to, trade sanctions and tariffs; threats to the security of our confidential and proprietary information, including cybersecurity threats; risks related to artificial intelligence; natural and man-made disasters; and our ability to achieve emission reduction targets and decrease our carbon footprint. Volatile oil and natural gas prices, as well as instability in the Middle East, Latin America or other oil producing regions, could negatively affect our businesses that supply the oil and gas industry. Weakness in the commercial aerospace industry negatively affects the markets of our commercial aviation businesses. Lower aircraft production rates at Boeing or Airbus could result in reduced sales of our commercial aerospace products. In addition, financial market fluctuations affect the value of the company’s pension assets. Changes in the policies of U.S. and foreign governments, including economic sanctions or in regard to support for the Ukraine or Middle East conflicts, could result, over time, in reductions or realignment in defense or other government spending and further changes in programs in which the company participates.
While the company’s growth strategy includes possible acquisitions, we cannot provide any assurance as to when, if or on what terms any acquisitions will be made. Acquisitions involve various inherent risks, such as, among others, our ability to integrate acquired businesses, retain key management and customers, and achieve identified financial and operating synergies. There are additional risks associated with acquiring, owning and operating businesses internationally, including those arising from U.S. and foreign government policy changes or actions and exchange rate fluctuations.
Additional factors that could cause results to differ materially from those described above can be found in Teledyne’s Annual Report on Form 10-K for the year ended December 28, 2025, as well as subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, all of which are on file with the U.S. Securities and Exchange Commission (“SEC”) and available in the “Investors” section of Teledyne’s website, teledyne.com, under the heading “Investor Information” and in other documents Teledyne files with the SEC.
Forward-looking statements are generally accompanied by words such as “estimate”, “project”, “predict”, “believes”, or “expect”, that convey the uncertainty of future events or outcomes. Teledyne assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or otherwise.
A live webcast of Teledyne’s third quarter earnings conference call will be held at 11:00 a.m. (Eastern) on Wednesday, October 21, 2026. To access the call, go to www.teledyne.com/investors/events-and-presentations approximately 10 minutes before the scheduled start time. A replay will also be available for one month starting at 12:00 p.m. (Eastern) on Wednesday, October 21, 2026.
TELEDYNE TECHNOLOGIES INCORPORATED
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)
FOR THE THIRD QUARTER AND NINE MONTHS ENDED
SEPTEMBER 27, 2026 AND SEPTEMBER 28, 2025
(Unaudited — in millions, except per share amounts)
Third Quarter
Nine Months
2026
2025
2026
2025
Net sales
$
1,684.9
$
1,539.5
$
4,907.5
$
4,503.1
Costs and expenses:
Cost of sales
945.5
880.0
2,756.2
2,579.5
Selling, general and administrative
258.4
238.2
754.5
701.5
Research and development
78.6
83.4
253.4
240.1
Acquired intangible asset amortization
55.2
55.1
168.8
161.7
Total costs and expenses
1,337.7
1,256.7
3,932.9
3,682.8
Operating income (loss)
347.2
282.8
974.6
820.3
Interest and debt income (expense), net
(10.5
)
(12.6
)
(36.4
)
(47.5
)
Non-service retirement benefit income (expense), net
2.6
2.7
7.9
8.2
Other income (expense), net
7.5
0.9
0.7
(7.7
)
Income (loss) before income taxes
346.8
273.8
946.8
773.3
Provision (benefit) for income taxes
74.0
52.9
195.5
153.2
Net income (loss) including noncontrolling interest
272.8
220.9
751.3
620.1
Less: Net income (loss) attributable to noncontrolling interest
—
0.2
—
0.9
Net income (loss) attributable to Teledyne
$
272.8
$
220.7
$
751.3
$
619.2
Diluted earnings per common share
$
5.82
$
4.65
$
16.02
$
13.06
Weighted average diluted common shares outstanding
46.9
47.5
46.9
47.4
These condensed consolidated financial statements were prepared in accordance with U.S. GAAP.
TELEDYNE TECHNOLOGIES INCORPORATED
SUMMARY OF SEGMENT NET SALES AND OPERATING INCOME (LOSS)
FOR THE THIRD QUARTER AND NINE MONTHS ENDED
SEPTEMBER 27, 2026 AND SEPTEMBER 28, 2025
(Unaudited — $ in millions)
Third Quarter
% Change
Nine Months
% Change
2026
2025
2026
2025
Net sales:
Digital Imaging
$
903.0
$
785.4
15.0
%
$
2,588.6
$
2,313.4
11.9
%
Instrumentation
370.5
363.6
1.9
%
1,119.7
1,074.5
4.2
%
Aerospace and Defense Electronics
287.4
275.5
4.3
%
851.3
782.8
8.8
%
Engineered Systems
124.0
115.0
7.8
%
347.9
332.4
4.7
%
Total net sales
$
1,684.9
$
1,539.5
9.4
%
$
4,907.5
$
4,503.1
9.0
%
Operating income (loss):
Digital Imaging
$
182.7
$
123.4
48.1
%
$
494.6
$
365.3
35.4
%
Instrumentation
99.6
98.8
0.8
%
289.4
293.1
(1.3
)%
Aerospace and Defense Electronics
77.8
70.4
10.5
%
223.7
192.7
16.1
%
Engineered Systems
13.0
12.2
6.6
%
39.8
35.1
13.4
%
Corporate expense
(25.9
)
(22.0
)
17.7
%
(72.9
)
(65.9
)
10.6
%
Operating income (loss)
347.2
282.8
22.8
%
974.6
820.3
18.8
%
Interest and debt income (expense), net
(10.5
)
(12.6
)
(16.7
)%
(36.4
)
(47.5
)
(23.4
)%
Non-service retirement benefit income (expense), net
2.6
2.7
(3.7
)%
7.9
8.2
(3.7
)%
Other income (expense), net
7.5
0.9
733.3
%
0.7
(7.7
)
109.1
%
Income (loss) before income taxes
346.8
273.8
26.7
%
946.8
773.3
22.4
%
Provision (benefit) for income taxes
74.0
52.9
39.9
%
195.5
153.2
27.6
%
Net income (loss) including noncontrolling interest
272.8
220.9
23.5
%
751.3
620.1
21.2
%
Less: Net income (loss) attributable to noncontrolling interest
—
0.2
(100.0
)%
—
0.9
(100.0
)%
Net income (loss) attributable to Teledyne
$
272.8
$
220.7
23.6
%
$
751.3
$
619.2
21.3
%
These condensed consolidated financial statements were prepared in accordance with U.S. GAAP.
TELEDYNE TECHNOLOGIES INCORPORATED
CONDENSED CONSOLIDATED BALANCE SHEETS
(in millions)
September 27, 2026
December 28, 2025
(Unaudited)
ASSETS
Cash and cash equivalents
$
562.4
$
352.4
Accounts receivable and unbilled receivables, net
1,384.6
1,367.0
Inventories, net
1,220.3
1,043.3
Prepaid expenses and other current assets
349.1
292.9
Total current assets
3,516.4
3,055.6
Property, plant and equipment, net
840.5
839.1
Goodwill and acquired intangible assets, net
10,605.9
10,787.7
Prepaid pension assets
299.9
286.2
Other assets, net
302.3
316.7
Total assets
$
15,565.0
$
15,285.3
LIABILITIES AND EQUITY
Accounts payable
$
520.4
$
486.6
Accrued liabilities
1,004.1
923.4
Current portion of long-term debt
0.1
450.1
Total current liabilities
1,524.6
1,860.1
Long-term debt, net of current portion
2,027.7
2,025.3
Other long-term liabilities
877.3
886.0
Total liabilities
4,429.6
4,771.4
Redeemable noncontrolling interest
—
—
Total stockholders’ equity
11,135.4
10,513.9
Total liabilities and equity
$
15,565.0
$
15,285.3
These condensed consolidated financial statements were prepared in accordance with U.S. GAAP.
TELEDYNE TECHNOLOGIES INCORPORATED
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE THIRD QUARTER ENDED SEPTEMBER 27, 2026 AND SEPTEMBER 28, 2025
(Unaudited — in millions)
Third Quarter
2026
2025
Operating Activities
Net income (loss) including noncontrolling interest
$
272.8
$
220.9
Depreciation and amortization
84.7
84.5
Stock-based compensation
12.2
10.5
Changes in operating assets and liabilities and other operating activity
(17.2
)
27.2
Net cash provided by (used in) operating activities
352.5
343.1
Investing Activities
Purchases of property, plant and equipment
(33.0
)
(29.2
)
Purchases of businesses, net of cash acquired
—
(6.6
)
Other investing, net
(8.6
)
0.1
Net cash provided by (used in) investing activities
(41.6
)
(35.7
)
Financing activities
Proceeds from (payments on) fixed rate senior notes
—
(77.7
)
Proceeds from (payments on) other debt
(0.3
)
(0.4
)
Proceeds from exercise of stock options
3.9
13.0
Acquisition of noncontrolling interest
—
(27.2
)
Purchases of treasury stock, including excise tax
(94.8
)
—
Other financing, net
0.1
3.6
Net cash provided by (used in) financing activities
(91.1
)
(88.7
)
Effect of exchange rate changes on cash
2.5
(1.0
)
Changes in cash and cash equivalents
222.3
217.7
Cash and cash equivalents—beginning of period
340.1
310.9
Cash and cash equivalents—end of period
$
562.4
$
528.6
These condensed consolidated financial statements were prepared in accordance with U.S. GAAP.
TELEDYNE TECHNOLOGIES INCORPORATED
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
FOR THE THIRD QUARTER AND NINE MONTHS ENDED
SEPTEMBER 27, 2026 AND SEPTEMBER 28, 2025
(Unaudited — in millions, except per share amounts)
Third Quarter 2026
Third Quarter 2025
Income (Loss) Before Income Taxes
Net Income (Loss) Attributable to Teledyne
Diluted Earnings per Common Share
Income (Loss) Before Income Taxes
Net Income (Loss) Attributable to Teledyne
Diluted Earnings per Common Share
GAAP
$
346.8
$
272.8
$
5.82
$
273.8
$
220.7
$
4.65
Adjusted for specified items:
Transaction and integration costs
0.2
0.1
—
0.7
0.6
0.01
Inventory step-up expense
—
—
—
1.4
1.0
0.02
Acquired intangible asset amortization
55.2
42.2
0.90
55.1
42.0
0.88
FLIR acquisition-related tax matters
—
—
—
—
0.2
0.01
Non-GAAP
$
402.2
$
315.1
$
6.72
$
331.0
$
264.5
$
5.57
Nine Months 2026
Nine Months 2025
Income (Loss) Before Income Taxes
Net Income (Loss) Attributable to Teledyne
Diluted Earnings per Common Share
Income (Loss) Before Income Taxes
Net Income (Loss) Attributable to Teledyne
Diluted Earnings per Common Share
GAAP
$
946.8
$
751.3
$
16.02
$
773.3
$
619.2
$
13.06
Adjusted for specified items:
Transaction and integration costs
0.6
0.4
0.01
9.4
7.1
0.15
Inventory step-up expense
—
—
—
3.2
2.4
0.05
Acquired intangible asset amortization
168.8
129.1
2.75
161.7
123.6
2.61
FLIR acquisition-related tax matters
—
—
—
—
(7.5
)
(0.16
)
Non-GAAP
$
1,116.2
$
880.8
$
18.78
$
947.6
$
744.8
$
15.71
TELEDYNE TECHNOLOGIES INCORPORATED
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
FOR THE THIRD QUARTER AND NINE MONTHS ENDED
SEPTEMBER 27, 2026 AND SEPTEMBER 28, 2025
(Unaudited — $ in millions)
Third Quarter 2026
Third Quarter 2025
Operating Income (Loss)
Operating Margin
Operating Income (Loss)
Operating Margin
GAAP
$
347.2
20.6
%
$
282.8
18.4
%
Adjusted for specified items:
Transaction and integration costs
0.2
0.7
Inventory step-up expense
—
1.4
Acquired intangible asset amortization
55.2
55.1
Non-GAAP
$
402.6
23.9
%
$
340.0
22.1
%
Nine Months 2026
Nine Months 2025
Operating Income (Loss)
Operating Margin
Operating Income (Loss)
Operating Margin
GAAP
$
974.6
19.9
%
$
820.3
18.2
%
Adjusted for specified items:
Transaction and integration costs
0.6
9.4
Inventory step-up expense
—
3.2
Acquired intangible asset amortization
168.8
161.7
Non-GAAP
$
1,144.0
23.3
%
$
994.6
22.1
%
TELEDYNE TECHNOLOGIES INCORPORATED
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
FOR THE THIRD QUARTER AND NINE MONTHS ENDED
SEPTEMBER 27, 2026 AND SEPTEMBER 28, 2025
(Unaudited — in millions)
Third Quarter 2026
GAAP Operating Income (Loss)
Acquired Intangible Asset Amortization
Inventory
Step-up Expense
Transaction and Integration Costs
Non-GAAP Operating Income (Loss)
Digital Imaging
$
182.7
$
46.9
$
—
$
—
$
229.6
Instrumentation
99.6
3.0
—
—
102.6
Aerospace and Defense Electronics
77.8
5.3
—
—
83.1
Engineered Systems
13.0
—
—
—
13.0
Corporate expense
(25.9
)
—
—
0.2
(25.7
)
Total
$
347.2
$
55.2
$
—
$
0.2
$
402.6
Third Quarter 2025
GAAP Operating Income (Loss)
Acquired Intangible Asset Amortization
Inventory
Step-up Expense
Transaction and Integration Costs
Non-GAAP Operating Income (Loss)
Digital Imaging
$
123.4
$
46.8
$
—
$
—
$
170.2
Instrumentation
98.8
3.3
—
—
102.1
Aerospace and Defense Electronics
70.4
5.0
1.4
0.5
77.3
Engineered Systems
12.2
—
—
—
12.2
Corporate expense
(22.0
)
—
—
0.2
(21.8
)
Total
$
282.8
$
55.1
$
1.4
$
0.7
$
340.0
Nine Months 2026
GAAP Operating Income (Loss)
Acquired Intangible Asset Amortization
Inventory
Step-up Expense
Transaction and Integration Costs
Non-GAAP Operating Income (Loss)
Digital Imaging
$
494.6
$
142.3
$
—
$
—
$
636.9
Instrumentation
289.4
9.9
—
—
299.3
Aerospace and Defense Electronics
223.7
16.6
—
—
240.3
Engineered Systems
39.8
—
—
—
39.8
Corporate expense
(72.9
)
—
—
0.6
(72.3
)
Total
$
974.6
$
168.8
$
—
$
0.6
$
1,144.0
Nine Months 2025
GAAP Operating Income (Loss)
Acquired Intangible Asset Amortization
Inventory
Step-up Expense
Transaction and Integration Costs
Non-GAAP Operating Income (Loss)
Digital Imaging
$
365.3
$
138.5
$
—
$
—
$
503.8
Instrumentation
293.1
9.8
—
—
302.9
Aerospace and Defense Electronics
192.7
13.4
3.2
4.3
213.6
Engineered Systems
35.1
—
—
—
35.1
Corporate expense
(65.9
)
—
—
5.1
(60.8
)
Total
$
820.3
$
161.7
$
3.2
$
9.4
$
994.6
TELEDYNE TECHNOLOGIES INCORPORATED
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(Unaudited — in millions, except per share amounts)
September 27, 2026
December 28, 2025
Current portion of long-term debt
$
0.1
$
450.1
Long-term debt
2,027.7
2,025.3
Total debt — non-GAAP
2,027.8
2,475.4
Less cash and cash equivalents
(562.4
)
(352.4
)
Net debt — non-GAAP
$
1,465.4
$
2,123.0
Fourth Quarter 2026
Full Year 2026
Low
High
Low
High
GAAP Diluted Earnings per Common Share Outlook
$
5.68
$
5.83
$
21.71
$
21.87
Adjusted for specified items:
Transaction and integration costs
—
—
0.02
0.01
Acquired intangible asset amortization
0.92
0.87
3.67
3.62
Non-GAAP Diluted Earnings per Common Share Outlook
$
6.60
$
6.70
$
25.40
$
25.50
Explanation of Non-GAAP Financial Measures
We report our financial results in accordance with GAAP. However, management believes that, in order to more fully understand our short-term and long-term financial and operational trends, and to aid in comparability with our competitors, investors and financial analysts may wish to consider the impact of certain items resulting from our acquisitions which have an infrequent or non-recurring impact on operations or assist in understanding our operations pre-acquisition. Accordingly, we present non-GAAP financial measures as a supplement to the financial measures we present in accordance with GAAP. These non-GAAP financial measures provide management, investors and financial analysts with additional means to understand and evaluate the operating results and trends in our ongoing business by adjusting for certain expenses and benefits. Management believes these non-GAAP financial measures also provide additional means of evaluating period-over-period operating performance. In addition, management understands that some investors and financial analysts find this information helpful in analyzing our financial and operational performance and in comparing this performance to our peers and competitors. The company’s diluted earnings per common share outlook guidance is also presented on a non-GAAP basis.
The non-GAAP financial measures are not meant to be considered superior to, or a substitute for, our financial statements prepared in accordance with GAAP. There are material limitations associated with non-GAAP financial measures because they exclude charges that have an effect on our reported results and, therefore, should not be relied upon as the sole financial measures by which to evaluate our financial results. Management compensates and believes that investors also should compensate for those limitations by viewing the non-GAAP financial measures in conjunction with the GAAP financial measures. In addition, the non-GAAP financial measures included in this earnings announcement may be different from, and therefore may not be comparable to, similar measures used by other companies. The non-GAAP financial measures are also used by our management to evaluate our operating performance and benchmark our results against our historical performance and the performance of our peers.
Our non-GAAP measures are as follows:
Non-GAAP income before income taxes, net income and diluted earnings per common share
These non-GAAP measures provide a supplemental view of income before taxes, net income and diluted earnings per common share. These non-GAAP measures exclude certain transaction and integration costs, inventory step-up expense, acquired intangible asset amortization, remeasurement of deferred taxes related to acquired intangible assets due to changes in tax laws, and tax benefits or costs related to the settlement or other resolution of the FLIR tax reserves. We also adjust for any post-acquisition interest on certain income tax reserves related to FLIR. We adjust for any income tax impact related to these items to take into account the tax treatment and related tax rate and changes in tax rates that apply to each adjustment in the applicable tax jurisdiction. Generally, this results in the tax impact at the U.S. marginal tax rate for certain adjustments, including the majority of amortization of intangible assets, whereas the tax impact of other adjustments, including transaction expenses, depend on whether the amounts are deductible in the respective tax jurisdictions and the applicable tax rates in those jurisdictions. We believe these measures provide investors and management with additional means to understand and evaluate the operating results of our business by adjusting for certain expenses and benefits and present an alternative view of our performance compared with prior periods.
Non-GAAP operating income and operating margin
We define non-GAAP operating margin as non-GAAP operating income divided by net sales. These non-GAAP measures exclude certain transaction and integration costs, inventory step-up expense, and acquired intangible asset amortization. We believe these measures provide investors and management with additional means to understand and evaluate the operating results of our business by adjusting for certain expenses and other items and present an alternative view of our performance compared with prior periods.
Non-GAAP total debt and net debt
We define non-GAAP total debt as the sum of the current portion of long-term debt and other debt and long-term debt. We define net debt as the difference between non-GAAP total debt less cash and cash equivalents. The company believes that this non-GAAP information is useful to assist investors and management in analyzing the company’s liquidity.
Non-GAAP diluted earnings per common share outlook
This non-GAAP measure represents our earnings per common share outlook for the fourth quarter of 2026 and total year 2026 on a fully diluted basis, excluding certain transaction and integration costs and acquired intangible asset amortization for all acquisitions.
Non-GAAP cash provided by operations and free cash flow
We define free cash flow as cash provided by operating activities (a measure prescribed by GAAP) less capital expenditures for property, plant and equipment. We believe that this non-GAAP information is useful to assist management and the investment community in analyzing the company’s ability to generate cash flow.
Non-GAAP line items used in tables
Management excludes the effect of each of the acquisition-related items identified below to arrive at the applicable non-GAAP financial measure referenced in the tables for the reasons set forth below with respect to that item:
Acquired intangible asset amortization – We believe that excluding the amortization of acquired intangible assets, which primarily represents purchased technology and customer relationships, as well as purchase order and contract backlog, provides an alternative way for investors to compare our operations pre-acquisition to those post-acquisition and to those of our competitors that have pursued internal growth strategies. However, we note that companies that grow internally will incur costs to develop intangible assets that will be expensed in the period incurred, which may make a direct comparison more difficult. Transaction and integration costs – Included in our GAAP presentation of cost of sales and selling, general and administrative expenses are substantial expenses (or benefits) incurred with acquisitions and primarily include legal, accounting and other professional fees as well as integration-related costs such as employee separation costs, facility consolidation costs and facility lease impairments. Employee separation costs include required change-in-control payments, cash settlement of employee and director stock awards, as well as other employee severance amounts. We exclude those costs from our non-GAAP measures because we believe they do not reflect our ongoing financial performance. Inventory step-up expense – The purchase accounting entries associated with our acquisitions require us to record inventory at its fair value, which is sometimes substantial and greater than the previous book value of inventory. Included in our GAAP presentation, the increase in inventory value is amortized to cost of sales over the period that the related inventory is sold. In 2025, we excluded inventory step-up amortization related to the Micropac and Qioptiq acquisitions from our non-GAAP measures because it is a non-cash expense that we do not believe is indicative of our ongoing operating results. FLIR acquisition-related tax matters – Included in our tax provision is post-acquisition interest on certain income tax reserves related to FLIR, as well as the tax benefits or costs related to the settlement or other resolution of the FLIR tax reserves. We exclude those impacts from our non-GAAP measures because we believe it does not reflect our ongoing financial performance. More News From Teledyne Technologies Incorporated
HII zvýšila čtvrtletní dividendu o 0,03 USD na 1,41 USD na akcii. Výplata připadne na 11. prosince 2026 akcionářům evidovaným k rozhodnému dni 27. listopadu 2026.
NEWPORT NEWS, Va., Oct. 21, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.41 per share, a $0.03 increase over the $1.38 per share dividend paid in each of the prior four quarters. The $1.41 per share dividend will be payable on Dec. 11, 2026, to shareholders of record as of the close of business on Nov. 27, 2026.
About HII
HII is America's Seapower Company. The nation’s largest shipbuilder, HII builds the manned and unmanned maritime systems and all-domain mission technologies that project U.S. and allied power around the world. With a more than 140-year history of advancing U.S. national security, HII is headquartered in Virginia and employs 45,000 people across three divisions. For more information, visit:
HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii Contact:
Old National Bancorp ve třetím čtvrtletí roku 2026 dosáhla rekordního čistého zisku připadajícího na kmenové akcionáře ve výši 250,0 milionu USD, což odpovídá 0,66 USD na zředěnou akcii.
Old National Bancorp (NASDAQ: ONB) reports 3Q26 net income applicable to common shares of $250.0 million, diluted EPS of $0.66; $249.7 million and $0.66 on an adjusted1 basis, respectively. CEO COMMENTARY:
"With our strong 3rd quarter results, highlighted by record net income, a record efficiency ratio, and growth in both deposits and loans, Old National continues to demonstrate the strength and consistency of our operating model," said Chairman and CEO Jim Ryan. "Our disciplined focus on fundamentals continues to drive profitable growth, positive operating leverage, and meaningful value creation for our shareholders. As we look ahead, we remain very well positioned to build on this momentum and capitalize on opportunities across our growing franchise." THIRD QUARTER HIGHLIGHTS2: Net Income Record net income applicable to common shares of $250.0 million; adjusted net income applicable to common shares1 of $249.7 millionEarnings per diluted common share ("EPS") of $0.66; record adjusted EPS1 of $0.66 Net Interest Income/NIM Net interest income on a fully taxable equivalent basis1 of $592.0 millionNet interest margin on a fully taxable equivalent basis1 ("NIM") of 3.52%, down 2 basis points ("bps") Operating Performance Pre-provision net revenue1 ("PPNR") of $365.0 million; adjusted PPNR1 of $364.8 millionNoninterest expense of $355.4 million; adjusted noninterest expense1 of $354.7 millionRecord efficiency ratio1 of 46.1%; record adjusted efficiency ratio1 of 44.9% Deposits and Funding Period-end total deposits of $57.6 billion, up 10.6% annualizedGranular low-cost deposit franchise; total deposit costs of 179 bps, up 8 bps; interest-bearing deposit costs of 231 bps, up 8 bps Loans and Credit Quality End-of-period total loans3 of $51.2 billion, up $362.3 million or 2.9% annualizedProvision for credit losses4 ("provision") of $33.6 millionNet charge-offs of $34.1 million, or 27 bps of average loans; 24 bps of average loans excluding purchased credit deteriorated ("PCD") loans that had an allowance at acquisition30+ day delinquencies of 0.25% and nonaccrual loans of 0.92% of total loans Return Profile & Capital Return on average tangible common equity1 ("ROATCE") of 19.6%; adjusted ROATCE1 of 19.6%Preliminary regulatory Tier 1 common equity to risk-weighted assets of 11.11%, up 2 bpsRepurchased $100 million, or 3.9 million shares, of common stock during the quarter Notable Items $0.9 million of pre-tax pension gain5$0.7 million of pre-tax merger-related charges 1 Non-GAAP financial measure that management believes is useful in evaluating the financial results of the Company – refer to the Non-GAAP reconciliations contained in this release 2 Comparisons are on a linked-quarter basis, unless otherwise noted 3 Includes loans held-for-sale 4 Includes the provision for unfunded commitments 5 Includes a gain associated with the settlement of the Bremer pension plan
RESULTS OF OPERATIONS2
Old National Bancorp reported record third quarter 2026 net income applicable to common shares of $250.0 million, or $0.66 per diluted common share.
Included in third quarter results was a $0.9 million pre-tax gain associated with the settlement of the Bremer pension plan and pre-tax charges of $0.7 million for merger-related expenses. Excluding these items and realized debt securities gains from the current quarter net of tax, adjusted net income1 was $249.7 million, or $0.66 per diluted common share.
DEPOSITS AND FUNDING
Increases in business and public funds.
Period-end total deposits were $57.6 billion, up 10.6% annualized.On average, total deposits for the third quarter were $56.9 billion, an increase of $1.3 billion.Granular low-cost deposit franchise; total deposit costs of 179 bps, up 8 bps.A loan to deposit ratio of 89%, combined with existing funding sources, provides strong liquidity. LOANS
Loan growth driven by high quality commercial loan production.
Period-end total loans3 were $51.2 billion, up $362.3 million or 2.9% annualized, including commercial and industrial growth of $148.0 million, as well as commercial real estate growth of $157.3 million.Period-end commercial pipeline totaled $4.4 billion, down 20% from record levels at the end of the second quarter and up 6% from a year ago.Average total loans in the third quarter were $51.1 billion, up 7.8% annualized. CREDIT QUALITY
Credit quality remains stable.
Provision4 expense was $33.6 million compared to $36.2 million.Net charge-offs were $34.1 million, or 27 bps of average loans, compared to 26 bps. Excluding PCD loans that had an allowance for credit losses established at acquisition, net charge-offs to average loans were 24 bps compared to 22 bps. 30+ day delinquencies as a percentage of loans were 0.25% compared to 0.29%.Nonaccrual loans as a percentage of total loans were 0.92% compared to 0.91%.The allowance for credit losses, including the allowance for credit losses on unfunded loan commitments, stood at $611.5 million, or 1.20% of total loans, compared to $612.0 million, or 1.21% of total loans. NET INTEREST INCOME AND MARGIN
Earning asset growth and favorable rate/volume mix more than offset higher deposit costs.
Net interest income on a fully taxable equivalent basis1 increased to $592.0 million compared to $586.5 million, driven by high quality loan and deposit growth, partly offset by core deposit pricing and funding mix.Net interest margin on a fully taxable equivalent basis1 decreased 2 bps to 3.52%.Cost of total deposits was 1.79%, increasing 8 bps and the cost of total interest-bearing deposits increased 8 bps to 2.31%. NONINTEREST INCOME
Bank and wealth fees remained resilient as other income normalized from elevated second quarter levels.
Total noninterest income was $128.4 million compared to $153.6 million, or $127.5 million compared to $140.4 million excluding pre-tax gains associated with the settlement of the Bremer pension plan.Excluding the pension plan gains5 and realized debt securities gains, noninterest income was down 9.1% driven by approximately $10 million of elevated other income in the second quarter of 2026 due to market value adjustments, higher company-owned life insurance income and an asset recovery. NONINTEREST EXPENSE
Disciplined expense management drives record adjusted efficiency ratio.
Noninterest expense was $355.4 million and included $0.7 million of merger-related charges.Excluding merger related charges, adjusted noninterest expense1 decreased to $354.7 million, compared to $360.1 million.The efficiency ratio1 was a record at 46.1%, while the adjusted efficiency ratio1 was a record at 44.9% compared to 47.0% and 45.2%, respectively. INCOME TAXES
Income tax expense was $69.8 million, resulting in an effective tax rate of 21.6% compared to 21.8%. On an adjusted fully taxable equivalent ("FTE") basis1, the effective tax rate was 23.4% compared to 23.0%.Income tax expense included $9.5 million of tax credit benefit compared to $9.9 million. CAPITAL
CET1 held at 11.11% while funding earning asset growth and returning $155 million to shareholders.
Preliminary total risk-based capital down 6 bps to 13.59% and preliminary regulatory Tier 1 capital up 1 bps to 11.54%, as growth in loans and share repurchases is partly offset by strong retained earnings.Tangible common equity to tangible assets was 7.28% compared to 7.68%, driven by the $391 million impact of rates on other comprehensive income.The Company repurchased $100 million of common stock and paid $55 million of quarterly common stock cash dividends during the quarter resulting in a combined payout ratio of 62%. CONFERENCE CALL AND WEBCAST
Old National will host a conference call and live webcast at 9:00 a.m. Central Time on Wednesday, October 21, 2026, to review third quarter financial results. To listen to the live conference call, dial U.S./International (833) 461-5787, meeting ID 244 307 806. The live audio webcast link and corresponding presentation slides will be available on the Company’s Investor Relations website at oldnational.com and the webcast replay will be available approximately two hours after completion of the call until midnight ET on October 21, 2027.
ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $74 billion of assets and $41 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2026, Points of Light named Old National one of "The Civic 50" for the third consecutive year – an honor recognizing the 50 most community-minded companies in the United States – and also named Old National the Financials Sector Leader among nominated banks and financial services organizations.
USE OF NON-GAAP FINANCIAL MEASURES
The Company's accounting and reporting policies conform to U.S. generally accepted accounting principles ("GAAP") and general practices within the banking industry. As a supplement to GAAP, the Company provides non-GAAP performance results, which the Company believes are useful because they assist investors in assessing the Company's operating performance. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables at the end of this release.
The Company presents EPS, the efficiency ratio, return on average common equity, return on average tangible common equity, pre-provision net revenue and net income applicable to common shares, all adjusted for certain notable items. These items include a pension plan gain/loss, merger-related charges associated with completed and pending acquisitions, realized debt securities gains/losses, distribution of excess pension assets expense, FDIC special assessment expense, and CECL Day 1 non-PCD provision expense. Management believes excluding these items from EPS, the efficiency ratio, return on average common equity, and return on average tangible common equity may be useful in assessing the Company's underlying operational performance since these items do not pertain to its core business operations and their exclusion may facilitate better comparability between periods. Management believes that excluding merger-related charges from these metrics may be useful to the Company, as well as analysts and investors, since these expenses can vary significantly based on the size, type, and structure of each acquisition. Additionally, management believes excluding these items from these metrics may enhance comparability for peer comparison purposes.
Income tax expense, provision for credit losses, and the certain notable items listed above are excluded from the calculation of pre-provision net revenues, adjusted due to the fluctuation in income before income tax and the level of provision for credit losses required. Management believes adjusted pre-provision net revenues may be useful in assessing the Company's underlying operating performance and their exclusion may facilitate better comparability between periods and for peer comparison purposes.
The Company presents adjusted noninterest expense, which excludes merger-related charges associated with completed and pending acquisitions, distribution of excess pension assets expense, and FDIC special assessment expense, as well as adjusted noninterest income, which excludes a pension plan gain/loss and realized debt securities gains/losses. Management believes that excluding these items from noninterest expense and noninterest income may be useful in assessing the Company’s underlying operational performance as these items either do not pertain to its core business operations or their exclusion may facilitate better comparability between periods and for peer comparison purposes.
The tax-equivalent adjustment to net interest income and net interest margin recognizes the income tax savings when comparing taxable and tax-exempt assets. Interest income and yields on tax-exempt securities and loans are presented using the current federal income tax rate of 21%. Management believes that it is standard practice in the banking industry to present net interest income and net interest margin on a fully tax-equivalent basis and that it may enhance comparability for peer comparison purposes.
In management's view, tangible common equity measures are capital adequacy metrics that may be meaningful to the Company, as well as analysts and investors, in assessing the Company's use of equity and in facilitating comparisons with peers. These non-GAAP measures are valuable indicators of a financial institution's capital strength since they eliminate intangible assets from stockholders' equity and retain the effect of accumulated other comprehensive loss in stockholders' equity.
Although intended to enhance investors' understanding of the Company's business and performance, these non-GAAP financial measures should not be considered an alternative to GAAP. In addition, these non-GAAP financial measures may differ from those used by other financial institutions to assess their business and performance. See the following reconciliations in the "Non-GAAP Reconciliations" section for details on the calculation of these measures to the extent presented herein.
FORWARD-LOOKING STATEMENTS
This earnings release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), Section 27A of the Securities Act of 1933 and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934 and Rule 3b-6 promulgated thereunder, notwithstanding that such statements are not specifically identified as such. In addition, certain statements may be contained in our future filings with the Securities and Exchange Commission ("SEC"), in press releases, and in oral and written statements made by us that are not statements of historical fact and constitute forward‐looking statements within the meaning of the Act. These statements include, but are not limited to, descriptions of Old National’s financial condition, results of operations, asset and credit quality trends, profitability and business plans or opportunities. Forward-looking statements can be identified by the use of words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "guidance," "intend," "may," "outlook," "plan," "potential," "predict," "should," "would," and "will," and other words of similar meaning. These forward-looking statements express management’s current expectations or forecasts of future events and, by their nature, are subject to risks and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those in such statements, including, but not limited to: competition; government legislation, regulations and policies, including trade and tariff policies; the ability of Old National to execute its business plan; unanticipated changes in our liquidity position, including but not limited to changes in our access to sources of liquidity and capital to address our liquidity needs; changes in economic conditions and economic and business uncertainty which could materially impact credit quality trends and the ability to generate loans and gather deposits; inflation and governmental responses to inflation, including increasing interest rates; market, economic, operational, liquidity, credit, and interest rate risks associated with our business; our ability to successfully manage our credit risk and the sufficiency of our allowance for credit losses; the potential impact of future business combinations on our performance and financial condition, including our ability to successfully integrate the businesses, the success of revenue-generating and cost reduction initiatives, and the diversion of management’s attention from ongoing business operations and opportunities; failure or circumvention of our internal controls; operational risks or risk management failures by us or critical third parties, including without limitation with respect to data processing, information systems, cybersecurity, technological changes, vendor issues, business interruption, and fraud risks; significant changes in accounting, tax or regulatory practices or requirements; new legal obligations or liabilities; disruptive technologies in payment systems and other services traditionally provided by banks; failure or disruption of our information systems; computer hacking and other cybersecurity threats; the effects of climate change on Old National and its customers, borrowers, or service providers; the impacts of pandemics, epidemics and other infectious disease outbreaks; other matters discussed in this earnings release; and other factors identified in our Annual Report on Form 10-K for the year ended December 31, 2025 and other filings with the SEC. These forward-looking statements are based on assumptions and estimates, which although believed to be reasonable, may turn out to be incorrect. Old National does not undertake an obligation to update these forward-looking statements to reflect events or conditions after the date of this earnings release. You are advised to consult further disclosures we may make on related subjects in our filings with the SEC.
CONTACTS: Media: Scott ReinhardInvestors: Lynell Durchholz(612) 716-0304(812) [email protected]@oldnational.com Financial Highlights (unaudited)($ and shares in thousands, except per share data) Three Months Ended Nine Months Ended September 30,June 30,March 31,December 31,September 30, September 30,September 30, 2026 2026 2026 2025 2025 2026 2025 Income Statement Net interest income$584,287 $578,988 $572,573 $580,832 $574,609 $1,735,848 $1,477,042 FTE adjustment1,3 7,667 7,510 7,849 8,013 7,975 23,026 20,398 Net interest income - tax equivalent basis3 591,954 586,498 580,422 588,845 582,584 1,758,874 1,497,440 Provision for credit losses 33,580 36,206 34,946 32,745 26,738 104,732 164,976 Noninterest income 128,446 153,564 122,346 109,759 130,461 404,356 356,772 Noninterest expense 355,380 372,161 364,704 386,320 445,734 1,092,245 1,098,971 Net income applicable to common shareholders 249,960 249,381 229,638 212,589 178,533 $728,979 440,533 Per Common Share Data Weighted average diluted shares 380,900 383,273 388,054 389,550 390,496 384,156 357,278 EPS, diluted$0.66 $0.65 $0.59 $0.55 $0.46 $1.90 $1.23 Cash dividends 0.145 0.145 0.145 0.140 0.140 0.44 0.42 Dividend payout ratio2 22% 22% 25% 25% 30% 23% 34%Book value$21.26 $21.80 $21.40 $21.17 $20.64 $21.26 $20.64 Stock price 24.64 25.90 22.10 22.31 21.95 24.64 21.95 Tangible book value3 13.77 14.32 13.93 13.71 13.15 13.77 13.15 Performance Ratios ROAA 1.37% 1.38% 1.29% 1.21% 1.03% 1.35% 0.95%ROAE 12.0% 12.1% 11.1% 10.4% 9.0% 11.7% 8.3%ROATCE3 19.6% 19.8% 18.4% 17.8% 15.9% 19.3% 14.3%NIM (FTE)3 3.52% 3.54% 3.55% 3.65% 3.64% 3.53% 3.50%Efficiency ratio3 46.1% 47.0% 48.3% 51.6% 58.8% 47.1% 56.4%NCOs to average loans 0.27% 0.26% 0.26% 0.27% 0.25% 0.26% 0.24%ACL on loans to EOP loans 1.13% 1.14% 1.15% 1.17% 1.19% 1.13% 1.19%ACL4to EOP loans 1.20% 1.21% 1.22% 1.24% 1.26% 1.20% 1.26%Nonaccrual loans to EOP loans 0.92% 0.91% 1.03% 1.07% 1.23% 0.92% 1.23%Balance Sheet (EOP) Total loans$51,148,063 $50,772,584 $49,731,844 $48,764,162 $47,967,915 $51,148,063 $47,967,915 Total assets 74,423,980 74,189,417 73,002,651 72,151,967 71,210,162 74,423,980 71,210,162 Total deposits 57,639,107 56,146,770 55,672,472 55,088,195 55,006,184 57,639,107 55,006,184 Total borrowed funds 7,134,231 8,423,983 7,823,198 7,451,367 6,766,381 7,134,231 6,766,381 Total shareholders' equity 8,295,211 8,583,843 8,510,653 8,494,788 8,309,271 8,295,211 8,309,271 Capital Ratios3 Risk-based capital ratios (EOP): Tier 1 common equity 11.11% 11.09% 11.11% 11.08% 11.02% 11.11% 11.02%Tier 1 capital 11.54% 11.53% 11.56% 11.53% 11.49% 11.54% 11.49%Total capital 13.59% 13.65% 13.71% 12.85% 12.78% 13.59% 12.78%Leverage ratio (average assets) 8.98% 8.95% 8.93% 8.90% 8.72% 8.98% 8.72%Equity to assets (averages) 11.52% 11.61% 11.79% 11.73% 11.48% 11.64% 11.59%TCE to TA 7.28% 7.68% 7.67% 7.72% 7.53% 7.28% 7.53%Nonfinancial Data Full-time equivalent employees 4,894 4,914 4,948 4,971 5,243 4,894 5,243 Banking centers 346 346 346 346 351 346 351 1Calculated using the federal statutory tax rate in effect of 21% for all periods. 2Cash dividends per common share divided by net income per common share (basic). 3Represents a non-GAAP financial measure. Refer to the "Non-GAAP Measures" table for reconciliations to GAAP financial measures. 4Includes the allowance for credit losses on loans and unfunded loan commitments. September 30, 2026 capital ratios are preliminary. FTE - Fully taxable equivalent basis ROAA - Return on average assets ROAE - Return on average equity ROATCE - Return on average tangible common equity NCOs - Net Charge-offs ACL - Allowance for Credit Losses EOP - End of period actual balances TCE - Tangible common equity TA - Tangible assets Income Statement (unaudited)($ and shares in thousands, except per share data) Three Months Ended Nine Months Ended September 30,June 30,March 31,December 31,September 30, September 30,September 30, 2026 2026 2026 2025 2025 2026 2025 Interest income$916,830 $894,391 $877,391 $897,301 $917,192 $2,688,612 $2,372,552 Less: interest expense 332,543 315,403 304,818 316,469 342,583 952,764 895,510 Net interest income 584,287 578,988 572,573 580,832 574,609 1,735,848 1,477,042 Provision for credit losses 33,580 36,206 34,946 32,745 26,738 104,732 164,976 Net interest income after provision for credit losses 550,707 542,782 537,627 548,087 547,871 1,631,116 1,312,066 Wealth and investment services fees 42,244 42,098 39,715 39,012 39,684 124,057 105,149 Service charges on deposit accounts 29,187 28,009 26,937 27,516 27,856 84,133 72,890 Debit card and ATM fees 13,325 13,092 12,038 13,178 13,197 38,455 36,110 Mortgage banking revenue 8,966 11,163 9,554 11,053 10,442 29,683 27,353 Capital markets income 12,348 12,329 11,016 13,080 12,629 35,693 24,249 Company-owned life insurance 7,326 8,531 7,561 7,099 7,565 23,418 19,571 Other income 15,045 38,376 15,450 (1,252) 19,081 68,871 71,560 Debt securities gains (losses), net 5 (34) 75 73 7 46 (110)Total noninterest income 128,446 153,564 122,346 109,759 130,461 404,356 356,772 Salaries and employee benefits 180,018 184,765 184,073 187,251 211,345 548,856 561,762 Occupancy 34,784 33,452 36,995 35,243 34,442 105,231 93,927 Equipment 11,326 11,077 12,075 14,184 12,703 34,478 34,170 Marketing 16,462 15,601 16,434 14,418 15,093 48,497 40,792 Technology 27,529 29,630 29,025 30,882 36,122 86,184 89,594 Communication 6,323 6,130 6,196 6,726 7,742 18,649 16,890 Professional fees 12,260 10,735 12,356 18,454 13,598 35,351 43,448 FDIC assessment 13,243 13,592 13,756 11,190 14,095 40,591 37,204 Amortization of intangibles 23,331 23,992 25,623 26,016 26,184 72,946 52,644 Amortization of tax credit investments 8,131 7,807 7,111 9,822 7,057 23,049 16,296 Other expense 21,973 35,380 21,060 32,134 67,353 78,413 112,244 Total noninterest expense 355,380 372,161 364,704 386,320 445,734 1,092,245 1,098,971 Income before income taxes 323,773 324,185 295,269 271,526 232,598 943,227 569,867 Income tax expense 69,779 70,771 61,597 54,903 50,031 202,147 117,233 Net income$253,994 $253,414 $233,672 $216,623 $182,567 $741,080 $452,634 Preferred dividends (4,034) (4,033) (4,034) (4,034) (4,034) (12,101) (12,101)Net income applicable to common shares$249,960 $249,381 $229,638 $212,589 $178,533 $728,979 $440,533 EPS, diluted$0.66 $0.65 $0.59 $0.55 $0.46 $1.90 $1.23 Weighted Average Common Shares Outstanding Basic 379,250 381,864 385,849 387,862 389,038 382,297 355,307 Diluted 380,900 383,273 388,054 389,550 390,496 384,156 357,278 (EOP) 378,639 382,537 386,315 389,662 390,768 378,639 390,768 End of Period Balance Sheet (unaudited)($ in thousands) September 30,June 30,March 31,December 31,September 30, 2026 2026 2026 2025 2025 Assets Cash and due from banks$507,214 $588,654 $537,322 $591,645 $491,910 Money market and other interest-earning investments 1,171,814 1,179,526 1,216,826 1,234,532 1,190,707 Investments: Treasury and government-sponsored agencies 2,312,713 2,358,509 2,371,903 2,427,371 2,402,375 Mortgage-backed securities 10,275,345 10,460,468 10,295,623 10,078,358 10,117,015 States and political subdivisions 1,393,309 1,442,703 1,454,444 1,570,888 1,579,802 Other securities 814,729 821,719 814,990 825,761 849,911 Total investments 14,796,096 15,083,399 14,936,960 14,902,378 14,949,103 Loans held-for-sale, at fair value 30,456 43,608 56,128 52,911 80,341 Loans: Commercial 16,260,724 16,112,685 15,617,656 14,983,861 14,506,375 Commercial real estate 22,692,502 22,535,229 22,192,900 22,050,007 22,083,734 Residential real estate 8,770,515 8,760,832 8,621,409 8,467,496 8,190,127 Consumer 3,424,322 3,363,838 3,299,879 3,262,798 3,187,679 Total loans 51,148,063 50,772,584 49,731,844 48,764,162 47,967,915 Allowance for credit losses on loans (579,658) (580,511) (574,358) (569,520) (572,178)Premises and equipment, net 674,192 682,065 690,400 690,824 691,950 Goodwill and other intangible assets 2,839,096 2,862,427 2,886,419 2,907,986 2,926,960 Company-owned life insurance 1,058,220 1,053,333 1,054,824 1,051,009 1,044,780 Accrued interest receivable and other assets 2,778,487 2,504,332 2,466,286 2,526,040 2,438,674 Total assets$74,423,980 $74,189,417 $73,002,651 $72,151,967 $71,210,162 Liabilities and Equity Noninterest-bearing demand deposits$12,847,561 $12,665,278 $12,927,096 $13,247,483 $12,691,658 Interest-bearing: Checking and NOW accounts 11,177,144 11,129,286 10,969,731 10,740,919 11,162,121 Savings accounts 4,812,222 4,924,639 4,985,949 4,909,138 4,958,555 Money market accounts 17,949,816 16,936,441 16,871,237 16,529,631 17,032,446 Time deposits 10,852,364 10,491,126 9,918,459 9,661,024 9,161,404 Total deposits 57,639,107 56,146,770 55,672,472 55,088,195 55,006,184 Federal funds purchased and interbank borrowings 484 250,389 200,583 100,197 1 Securities sold under agreements to repurchase 240,698 265,301 264,518 261,366 277,594 Federal Home Loan Bank advances 5,484,611 6,520,296 6,026,801 6,237,375 5,663,361 Other borrowings 1,408,438 1,387,997 1,331,296 852,429 825,425 Total borrowed funds 7,134,231 8,423,983 7,823,198 7,451,367 6,766,381 Accrued expenses and other liabilities 1,355,431 1,034,821 996,328 1,117,617 1,128,326 Total liabilities 66,128,769 65,605,574 64,491,998 63,657,179 62,900,891 Preferred stock, common stock, surplus, and retained earnings 9,244,597 9,141,984 9,053,907 8,973,459 8,833,662 Accumulated other comprehensive income (loss), net of tax (949,386) (558,141) (543,254) (478,671) (524,391)Total shareholders' equity 8,295,211 8,583,843 8,510,653 8,494,788 8,309,271 Total liabilities and shareholders' equity$74,423,980 $74,189,417 $73,002,651 $72,151,967 $71,210,162 Average Balance Sheet and Interest Rates (unaudited)($ in thousands) Three Months Ended Three Months Ended Three Months Ended September 30, 2026 June 30, 2026 September 30, 2025 AverageIncome1/Yield/ AverageIncome1/Yield/ AverageIncome1/Yield/Earning Assets: BalanceExpenseRate BalanceExpenseRate BalanceExpenseRateMoney market and other interest-earning investments $1,170,557 $10,9793.72% $1,212,043 $11,1213.68% $1,159,564 $12,2074.18%Investments: Treasury and government-sponsored agencies 2,358,480 19,3703.29% 2,349,871 18,9933.23% 2,391,564 20,7213.47%Mortgage-backed securities 10,479,035 114,3684.37% 10,428,343 111,1574.26% 9,854,107 105,5964.29%States and political subdivisions 1,417,175 11,8443.34% 1,450,389 12,0173.31% 1,577,384 13,1093.32%Other securities 824,408 12,4886.06% 828,774 12,3955.98% 874,728 16,2657.44%Total investments 15,079,098 158,0704.19% 15,057,377 154,5624.11% 14,697,783 155,6914.24%Loans:2 Commercial 16,207,022 248,7406.14% 15,792,290 238,6636.05% 14,722,785 249,5696.78%Commercial real estate 22,660,192 346,8406.12% 22,234,235 339,9256.12% 21,999,016 356,0146.47%Residential real estate loans 8,800,325 104,3784.74% 8,722,341 103,1624.73% 8,287,155 95,1294.59%Consumer 3,383,853 55,4906.51% 3,323,663 54,4686.57% 3,166,508 56,5577.09%Total loans 51,051,392 755,4485.92% 50,072,529 736,2185.88% 48,175,464 757,2696.28% Total earning assets $67,301,047 $924,4975.49% $66,341,949 $901,9015.44% $64,032,811 $925,1675.78% Less: Allowance for credit losses on loans (592,670) (580,550) (566,102) Non-earning Assets: Cash and due from banks $526,400 $545,346 $492,415 Other assets 7,040,733 6,991,436 7,177,663 Total assets $74,275,510 $73,298,181 $71,136,787 Interest-Bearing Liabilities: Checking and NOW accounts $11,217,310 $52,4841.86% $11,106,289 $47,3491.71% $10,807,113 $52,3011.92%Savings accounts 4,878,272 3,0710.25% 4,950,785 3,0320.25% 5,009,293 3,8660.31%Money market accounts 17,085,773 104,6432.43% 16,485,000 99,9032.43% 17,007,426 125,7172.93%Time deposits 10,831,986 96,4493.53% 10,145,661 87,2203.45% 9,337,597 90,7173.85%Total interest-bearing deposits 44,013,341 256,6472.31% 42,687,735 237,5042.23% 42,161,429 272,6012.57% Federal funds purchased and interbank borrowings 9,668 903.69% 42,228 3913.71% 157,192 1,8164.58%Securities sold under agreements to repurchase 258,721 5770.88% 257,217 5610.87% 289,323 7311.00%Federal Home Loan Bank advances 6,068,074 59,2923.88% 6,561,147 61,7443.77% 5,552,780 57,1434.08%Other borrowings 1,449,183 15,9374.36% 1,360,976 15,2034.48% 871,996 10,2924.68%Total borrowed funds 7,785,646 75,8963.87% 8,221,568 77,8993.80% 6,871,291 69,9824.04% Total interest-bearing liabilities $51,798,987 $332,5432.55% $50,909,303 $315,4032.48% $49,032,720 $342,5832.77% Noninterest-Bearing Liabilities and Shareholders' Equity: Demand deposits $12,837,453 $12,860,401 $12,731,654 Other liabilities 1,083,626 1,020,272 1,203,838 Shareholders' equity 8,555,444 8,508,205 8,168,575 Total liabilities and shareholders' equity $74,275,510 $73,298,181 $71,136,787 Net interest rate spread 2.94% 2.96% 3.01% Net interest margin (GAAP) 3.47% 3.49% 3.59% Net interest margin (FTE)3 3.52% 3.54% 3.64% FTE adjustment $7,667 $7,510 $7,975 1Interest income is reflected on a FTE basis. 2Includes loans held-for-sale. 3Represents a non-GAAP financial measure. Refer to the "Non-GAAP Measures" table for reconciliations to GAAP financial measures. Average Balance Sheet and Interest Rates (unaudited)($ in thousands) Nine Months Ended Nine Months Ended September 30, 2026 September 30, 2025 AverageIncome1/Yield/ AverageIncome1/Yield/Earning Assets: BalanceExpenseRate BalanceExpenseRateMoney market and other interest-earning investments $1,199,047 $33,0443.68% $1,126,460 $35,8134.25%Investments: Treasury and government-sponsored agencies 2,375,485 57,4843.23% 2,369,307 61,5603.46%Mortgage-backed securities 10,392,449 332,9904.27% 8,249,480 247,8534.01%States and political subdivisions 1,463,885 36,4023.32% 1,594,912 39,7533.32%Other securities 830,985 38,2606.14% 872,430 42,5476.50%Total investments $15,062,804 $465,1364.12% $13,086,129 $391,7133.99%Loans:2 Commercial 15,771,532 720,8436.09% 12,803,059 634,6106.61%Commercial real estate 22,319,323 1,022,7136.11% 19,432,867 918,3716.30%Residential real estate loans 8,686,561 306,4934.70% 7,636,955 251,6294.39%Consumer 3,326,422 163,4096.57% 3,030,102 160,8147.10%Total loans 50,103,838 2,213,4585.89% 42,902,983 1,965,4246.11% Total earning assets $66,365,689 $2,711,6385.45% $57,115,572 $2,392,9505.59% Less: Allowance for credit losses on loans (582,180) (457,192) Non-earning Assets: Cash and due from banks $540,143 $430,891 Other assets 7,025,532 6,331,698 Total assets $73,349,184 $63,420,969 Interest-Bearing Liabilities: Checking and NOW accounts $11,097,532 $146,1281.76% $9,512,075 $123,6271.74%Savings accounts 4,916,410 9,1140.25% 4,891,083 11,2510.31%Money market accounts 16,706,478 304,5022.44% 14,697,398 328,5332.99%Time deposits 10,246,260 267,7383.49% 8,215,063 239,7733.90%Total interest-bearing deposits 42,966,680 727,4822.26% 37,315,619 703,1842.52% Federal funds purchased and interbank borrowings 18,532 5043.64% 131,341 4,3944.47%Securities sold under agreements to repurchase 258,927 1,7320.89% 286,137 1,9180.90%Federal Home Loan Bank advances 6,310,172 179,0883.79% 5,355,597 158,0813.95%Other borrowings 1,328,586 43,9584.42% 792,708 27,9334.71%Total borrowed funds 7,916,217 225,2823.80% 6,565,783 192,3263.92% Total interest-bearing liabilities 50,882,897 952,7642.50% 43,881,402 895,5102.73% Noninterest-Bearing Liabilities and Shareholders' Equity: Demand deposits $12,862,492 $11,145,709 Other liabilities 1,067,798 1,041,715 Shareholders' equity 8,535,997 7,352,143 Total liabilities and shareholders' equity $73,349,184 $63,420,969 Net interest rate spread 2.95% 2.86% Net interest margin (GAAP) 3.49% 3.45% Net interest margin (FTE)3 3.53% 3.50% FTE adjustment $23,026 $20,398 1Interest income is reflected on a FTE.2Includes loans held-for-sale. 3Represents a non-GAAP financial measure. Refer to the "Non-GAAP Measures" table for reconciliations to GAAP financial measures. Asset Quality (EOP) (unaudited)($ in thousands) Three Months Ended Nine Months Ended September 30,June 30,March 31,December 31,September 30, September 30,September 30, 2026 2026 2026 2025 2025 2026 2025 Allowance for credit losses: Beginning allowance for credit losses on loans$580,511 $574,358 $569,520 $572,178 $565,109 $569,520 $392,522 Allowance established for acquired PCD loans — — — — 13,104 — 103,546 Provision for credit losses on loans 33,237 38,400 36,854 29,450 24,003 108,491 154,292 Gross charge-offs (48,275) (41,540) (37,307) (35,131) (35,402) (127,122) (89,896)Gross recoveries 14,185 9,293 5,291 3,023 5,364 28,769 11,714 NCOs (34,090) (32,247) (32,016) (32,108) (30,038) (98,353) (78,182)Ending allowance for credit losses on loans$579,658 $580,511 $574,358 $569,520 $572,178 $579,658 $572,178 Beginning allowance for credit losses on unfunded commitments$31,531 $33,725 $35,633 $32,338 $29,603 $35,633 $21,654 Provision (release) for credit losses on unfunded commitments 343 (2,194) (1,908) 3,295 2,735 (3,759) 10,684 Ending allowance for credit losses on unfunded commitments$31,874 $31,531 $33,725 $35,633 $32,338 $31,874 $32,338 Allowance for credit losses$611,532 $612,042 $608,083 $605,153 $604,516 $611,532 $604,516 Provision for credit losses on loans$33,237 $38,400 $36,854 $29,450 $24,003 $108,491 $154,292 Provision (release) for credit losses on unfunded commitments 343 (2,194) (1,908) 3,295 2,735 (3,759) 10,684 Provision for credit losses$33,580 $36,206 $34,946 $32,745 $26,738 $104,732 $164,976 NCOs / average loans1 0.27% 0.26% 0.26% 0.27% 0.25% 0.26% 0.24%Average loans1$51,040,909 $50,062,552 $49,157,096 $48,199,086 $48,153,186 $50,093,753 $42,881,049 EOP loans1 51,148,063 50,772,584 49,731,844 48,764,162 47,967,915 51,148,063 47,967,915 ACL on loans / EOP loans1 1.13% 1.14% 1.15% 1.17% 1.19% 1.13% 1.19%ACL / EOP loans1 1.20% 1.21% 1.22% 1.24% 1.26% 1.20% 1.26%Underperforming Assets: Loans 90 days and over (still accruing)$4,079 $6,832 $4,407 $2,691 $1,525 $4,079 $1,525 Nonaccrual loans 470,196 461,702 511,959 521,245 590,820 470,196 590,820 Foreclosed assets 2,885 3,374 5,786 6,235 6,325 2,885 6,325 Total underperforming assets$477,160 $471,908 $522,152 $530,171 $598,670 $477,160 $598,670 Classified and Criticized Assets: Nonaccrual loans$470,196 $461,702 $511,959 $521,245 $590,820 $470,196 $590,820 Substandard loans (still accruing) 1,737,688 1,918,721 1,881,374 1,759,221 1,881,294 1,737,688 1,881,294 Loans 90 days and over (still accruing) 4,079 6,832 4,407 2,691 1,525 4,079 1,525 Total classified loans - "problem loans" 2,211,963 2,387,255 2,397,740 2,283,157 2,473,639 2,211,963 2,473,639 Other classified assets 6,861 7,960 20,620 20,616 35,373 6,861 35,373 Special Mention 608,806 705,154 804,028 805,901 893,109 608,806 893,109 Total classified and criticized assets$2,827,630 $3,100,369 $3,222,388 $3,109,674 $3,402,121 $2,827,630 $3,402,121 Loans 30-89 days past due (still accruing)$126,202 $140,428 $114,038 $105,632 $83,030 $126,202 $83,030 Nonaccrual loans / EOP loans1 0.92% 0.91% 1.03% 1.07% 1.23% 0.92% 1.23%ACL / nonaccrual loans 130% 133% 119% 116% 102% 130% 102%Under-performing assets/EOP loans1 0.93% 0.93% 1.05% 1.09% 1.25% 0.93% 1.25%Under-performing assets/EOP assets 0.64% 0.64% 0.72% 0.73% 0.84% 0.64% 0.84%30+ day delinquencies/EOP loans1 0.25% 0.29% 0.24% 0.22% 0.18% 0.25% 0.18% 1Excludes loans held-for-sale. Non-GAAP Measures (unaudited)($ and shares in thousands, except per share data) Three Months Ended Nine Months Ended September 30,June 30,March 31,December 31,September 30, September 30,September 30, 2026 2026 2026 2025 2025 2026 2025 Earnings Per Share: Net income applicable to common shares$249,960 $249,381 $229,638 $212,589 $178,533 $728,979 $440,533 Adjustments: Pension plan loss (gain) (893) (13,240) — 15,878 — (14,133) (21,001)Tax effect1 160 2,890 — (3,814) — 3,050 5,778 Pension plan loss (gain), net (733) (10,350) — 12,064 — (11,083) (15,223)Merger-related charges 689 12,109 7,323 24,547 69,274 20,121 116,336 Tax effect1 (199) (792) (1,810) (5,896) (16,494) (2,801) (28,921)Merger-related charges, net 490 11,317 5,513 18,651 52,780 17,320 87,415 Debt securities (gains) losses (5) 34 (75) (73) (7) (46) 110 Tax effect1 1 (7) 19 18 2 12 (24)Debt securities (gains) losses, net (4) 27 (56) (55) (5) (34) 86 Distribution of excess pension assets — — 3,394 — — 3,394 — Tax effect1 — — (839) — — (839) — Distribution of excess pension assets, net — — 2,555 — — 2,555 — FDIC special assessment — — — (2,994) — — — Tax effect1 — — — 719 — — — FDIC special assessment, net — — — (2,275) — — — CECL Day 1 non-PCD provision expense — — — — — — 75,604 Tax effect1 — — — — — — (20,802)CECL Day 1 non-PCD provision expense, net — — — — — — 54,802 Total adjustments, net (247) 994 8,012 28,385 52,775 8,758 127,080 Net income applicable to common shares, adjusted$249,713 $250,375 $237,650 $240,974 $231,308 $737,737 $567,613 Weighted average diluted common shares outstanding 380,900 383,273 388,054 389,550 390,496 384,156 357,278 EPS, diluted$0.66 $0.65 $0.59 $0.55 $0.46 $1.90 $1.23 Adjusted EPS, diluted$0.66 $0.65 $0.61 $0.62 $0.59 $1.92 $1.59 NIM: Net interest income$584,287 $578,988 $572,573 $580,832 $574,609 $1,735,848 $1,477,042 Add: FTE adjustment2 7,667 7,510 7,849 8,013 7,975 23,026 20,398 Net interest income (FTE)$591,954 $586,498 $580,422 $588,845 $582,584 $1,758,874 $1,497,440 Average earning assets$67,301,047 $66,341,949 $65,433,548 $64,456,815 $64,032,811 $66,365,689 $57,115,572 NIM (GAAP) 3.47% 3.49% 3.50% 3.60% 3.59% 3.49% 3.45%NIM (FTE) 3.52% 3.54% 3.55% 3.65% 3.64% 3.53% 3.50% Refer to last page of Non-GAAP reconciliations for footnotes. Non-GAAP Measures (unaudited)($ in thousands) Three Months Ended Nine Months Ended September 30,June 30,March 31,December 31,September 30, September 30,September 30, 2026 2026 2026 2025 2025 2026 2025 PPNR: Net interest income (FTE)2$591,954 $586,498 $580,422 $588,845 $582,584 $1,758,874 $1,497,440 Add: Noninterest income 128,446 153,564 122,346 109,759 130,461 404,356 356,772 Total revenue (FTE) 720,400 740,062 702,768 698,604 713,045 2,163,230 1,854,212 Less: Noninterest expense (355,380) (372,161) (364,704) (386,320) (445,734) (1,092,245) (1,098,971)PPNR$365,020 $367,901 $338,064 $312,284 $267,311 $1,070,985 $755,241 Adjustments: Pension plan loss (gain)$(893)$(13,240)$— $15,878 $— $(14,133)$(21,001)Debt securities (gains) losses (5) 34 (75) (73) (7) (46) 110 Noninterest income adjustments (898) (13,206) (75) 15,805 (7) (14,179) (20,891)Adjusted noninterest income 127,548 140,358 122,271 125,564 130,454 390,177 335,881 Adjusted revenue$719,502 $726,856 $702,693 $714,409 $713,038 $2,149,051 $1,833,321 Adjustments: Merger-related charges$689 $12,109 $7,323 $24,547 $69,274 $20,121 $116,336 FDIC Special Assessment — — — (2,994) — — — Distribution of excess pension assets — — 3,394 — — 3,394 — Noninterest expense adjustments 689 12,109 10,717 21,553 69,274 23,515 116,336 Adjusted total noninterest expense (354,691) (360,052) (353,987) (364,767) (376,460) (1,068,730) (982,635)Adjusted PPNR$364,811 $366,804 $348,706 $349,642 $336,578 $1,080,321 $850,686 Efficiency Ratio: Noninterest expense$355,380 $372,161 $364,704 $386,320 $445,734 $1,092,245 $1,098,971 Less: Amortization of intangibles (23,331) (23,992) (25,623) (26,016) (26,184) (72,946) (52,644)Noninterest expense, excl. amortization of intangibles 332,049 348,169 339,081 360,304 419,550 1,019,299 1,046,327 Less: Amortization of tax credit investments (8,131) (7,807) (7,111) (9,822) (7,057) (23,049) (16,296)Less: Noninterest expense adjustments (689) (12,109) (10,717) (21,553) (69,274) (23,515) (116,336)Adjusted noninterest expense, excluding amortization$323,229 $328,253 $321,253 $328,929 $343,219 $972,735 $913,695 Total revenue (FTE)2$720,400 $740,062 $702,768 $698,604 $713,045 $2,163,230 $1,854,212 Less: Debt securities (gains) losses (5) 34 (75) (73) (7) (46) 110 Less: Pension plan loss (gain) (893) (13,240) — 15,878 — (14,133) (21,001)Total adjusted revenue$719,502 $726,856 $702,693 $714,409 $713,038 $2,149,051 $1,833,321 Efficiency Ratio 46.1% 47.0% 48.3% 51.6% 58.8% 47.1% 56.4%Adjusted Efficiency Ratio 44.9% 45.2% 45.7% 46.0% 48.1% 45.3% 49.8% Refer to last page of Non-GAAP reconciliations for footnotes. Non-GAAP Measures (unaudited)($ in thousands) Three Months Ended Nine Months Ended September 30,June 30,March 31,December 31,September 30, September 30,September 30, 2026 2026 2026 2025 2025 2026 2025 ROAE and ROATCE: Net income applicable to common shares$249,960 $249,381 $229,638 $212,589 $178,533 $728,979 $440,533 Amortization of intangibles 23,331 23,992 25,623 26,016 26,184 72,946 52,644 Tax effect1 (5,833) (5,998) (6,406) (6,504) (6,546) (18,237) (13,161)Amortization of intangibles, net 17,498 17,994 19,217 19,512 19,638 54,709 39,483 Net income applicable to common shares, excluding intangibles amortization 267,458 267,375 248,855 232,101 198,171 783,688 480,016 Total adjustments, net (see pg.12) (247) 994 8,012 28,385 52,775 8,758 127,080 Adjusted net income applicable to common shares, excluding intangibles amortization$267,211 $268,369 $256,867 $260,486 $250,946 $792,446 $607,096 Average shareholders' equity$8,555,444 $8,508,205 $8,544,220 $8,391,067 $8,168,575 $8,535,997 $7,352,143 Less: Average preferred equity (243,719) (243,719) (243,719) (243,719) (243,719) (243,719) (243,719)Average shareholders' common equity$8,311,725 $8,264,486 $8,300,501 $8,147,348 $7,924,856 $8,292,278 $7,108,424 Average goodwill and other intangible assets (2,850,422) (2,873,898) (2,894,824) (2,919,924) (2,931,319) (2,872,886) (2,633,858)Average tangible shareholder's common equity$5,461,303 $5,390,588 $5,405,677 $5,227,424 $4,993,537 $5,419,392 $4,474,566 ROAE 12.0% 12.1% 11.1% 10.4% 9.0% 11.7% 8.3%ROAE, adjusted 12.0% 12.1% 11.5% 11.8% 11.7% 11.9% 10.6%ROATCE 19.6% 19.8% 18.4% 17.8% 15.9% 19.3% 14.3%ROATCE, adjusted 19.6% 19.9% 19.0% 19.9% 20.1% 19.5% 18.1% Refer to last page of Non-GAAP reconciliations for footnotes. Non-GAAP Measures (unaudited)($ in thousands) As of September 30,June 30,March 31,December 31,September 30, 2026 2026 2026 2025 2025 Tangible Common Equity: Shareholders' equity$8,295,211 $8,583,843 $8,510,653 $8,494,788 $8,309,271 Less: Preferred equity (243,719) (243,719) (243,719) (243,719) (243,719)Shareholders' common equity$8,051,492 $8,340,124 $8,266,934 $8,251,069 $8,065,552 Less: Goodwill and other intangible assets (2,839,096) (2,862,427) (2,886,419) (2,907,986) (2,926,960)Tangible shareholders' common equity$5,212,396 $5,477,697 $5,380,515 $5,343,083 $5,138,592 Total assets$74,423,980 $74,189,417 $73,002,651 $72,151,967 $71,210,162 Less: Goodwill and other intangible assets (2,839,096) (2,862,427) (2,886,419) (2,907,986) (2,926,960)Tangible assets$71,584,884 $71,326,990 $70,116,232 $69,243,981 $68,283,202 Risk-weighted assets3$56,350,807 $55,349,162 $54,283,745 $53,617,620 $52,515,468 Tangible common equity to tangible assets 7.28% 7.68% 7.67% 7.72% 7.53%Tangible common equity to risk-weighted assets3 9.25% 9.90% 9.91% 9.97% 9.78%Tangible Common Book Value: Common shares outstanding 378,639 382,537 386,315 389,662 390,768 Tangible common book value$13.77 $14.32 $13.93 $13.71 $13.15 1Tax-effect calculations use management's estimate of the full year FTE tax rates (federal + state).2Calculated using the federal statutory tax rate in effect of 21% for all periods.3September 30, 2026 figures are preliminary.
Nutanix a Netris spojily síly při vývoji multitenantní infrastruktury pro cloudy pro AI s GPU NVIDIA; technologická ukázka řešení je plánována na začátek roku 2027.
Nutanix and Netris have announced a strategic collaboration to deliver a jointly engineered multitenant infrastructure stack designed specifically for neoclouds and enterprises — combining Nutanix Cloud Platform and its proven capabilities with Netris Network Automation, Abstraction, and Multitenancy (NAAM).The joint solution will enable neoclouds to launch secure, NVIDIA GPU-accelerated IaaS offerings faster, create new revenue opportunities and meet NVIDIA’s technical requirements for delivering multitenant services to neocloud customers.Enterprises will be able to run business-critical AI workloads on multitenant GPU infrastructure with hard isolation (enforced on networking hardware) between tenants.The combined solution will deliver automation and abstraction across compute and networking, enabling infrastructure to be provisioned and consumed through a cloud-like experience. Why It Matters
An offering that integrates Nutanix technology with Netris technology will enable neoclouds and enterprises to bring secure, multitenant GPU services to market faster, expand their service offering, and accelerate time to revenue. By simplifying how AI infrastructure is deployed and consumed across bare-metal and virtualized environments, neoclouds will be able to scale more efficiently and improve margins as their business grows.
BERLIN, Oct. 21, 2026 (GLOBE NEWSWIRE) -- NVIDIA GTC - Nutanix (NASDAQ: NTNX), a hybrid cloud leader and AI platform company, and Netris, the leading provider of Network Automation, Abstraction, and Multitenancy (NAAM) for AI infrastructure, today announced a strategic collaboration to deliver a jointly engineered infrastructure stack designed specifically for neoclouds and enterprises. By combining Nutanix Cloud Platform and Nutanix’s expertise in cloud infrastructure and compute orchestration with the Netris NAAM platform, the joint solution will provide neoclouds and enterprises with a scalable, secure, and multitenant solution across the infrastructure.
As the demand for AI infrastructure accelerates, neoclouds and enterprises are leading the deployment of large GPU clusters to support a broad range of AI workloads. Delivering this infrastructure as a service requires both soft isolation and hard isolation (enforced on networking hardware) that extends across every layer of the infrastructure, from the compute layers and data processing units to the physical switches.
An Automated Multitenant Infrastructure Stack for AI Clouds
Bringing together Nutanix’s cloud infrastructure capabilities with Netris network automation and multitenancy, the joint solution will provide neoclouds and enterprises with a secure, multitenant AI infrastructure stack across bare-metal and virtualized environments, enabling providers to instantly onboard customers, maintain strict isolation between tenants from compute through the physical network, and deliver AI services through a cloud-like self-service experience.
Key highlights of the joint solution for neoclouds and enterprises will include:
Automated Network Fabric Operations: Simplifies AI infrastructure deployment by automatically configuring the physical network as tenant resources are provisioned, reducing manual effort, accelerating time to value, and improving operational consistency.Unified Multitenant Networking: Delivers a consistent networking experience across physical and virtual environments by translating Nutanix tenant requirements into the appropriate underlying network services for bare-metal and virtualized GPU nodes.Self-Service Cloud Networking: Provides cloud-grade networking constructs — VPCs, elastic IPs, NAT, and L4 load balancers — through a web console, REST API, and Terraform, enabling infrastructure to be consumed through a self-service, cloud-like experience.High-Performance AI Factory Networking: Supports the connectivity for demanding AI workloads, enabling efficient edge, East-West, North-South, scale-up, and host-based networking traffic flows.End-to-End Tenant Isolation: Extends secure hard and soft tenant isolation across the entire network — from virtual workloads through the physical switching layer — supporting secure, reliable GPU-as-a-Service offerings on shared infrastructure.
Executive Commentary
"Neoclouds and NVIDIA Cloud Partners are at the forefront of the AI transformation, but building the cloud operating stack required to monetize GPU clusters at scale is remarkably complex," said Ketan Shah, Vice President, Product Management, Nutanix. "By pairing Nutanix’s Agentic AI solution with the Netris NAAM platform, we will provide AI cloud operators with an out-of-the-box solution to accelerate their journey from metals to margins. We chose to partner with Netris, a leader in network automation, abstraction, and multitenancy, to give operators true self-service networking across both bare-metal and virtualized environments. This will enable our partners to deliver secure, multitenant IaaS environments quickly while maintaining the simplicity and enterprise reliability that Nutanix is known for."
“AI infrastructure is scaling incredibly fast, and the network has to scale with it," said Alex Saroyan, CEO and Co-Founder of Netris. "An AI cloud needs two layers working as one — Nutanix's compute orchestration and virtualization, backed by deep operational leadership and experience, and Netris network automation, abstraction, and multitenancy. What makes this collaboration matter is that those layers stay continuously in sync, giving neoclouds and enterprises a single automated stack for secure, multitenant GPU services."
Analyst Commentary
"AI infrastructure providers are evolving beyond GPU capacity to deliver trusted inference environments, workload orchestration, agent lifecycle management, and managed AI services. The differentiator will be a cloud-like operating model that combines performance with control, isolation, and security at every layer of the stack.”
Steve McDowell, Principal Analyst, NAND Research Availability
The joint solution is planned to be available in tech preview in early 2027.
About Nutanix
Nutanix is a hybrid cloud leader and AI platform company, offering organizations a unified infrastructure software platform to safely run applications, data, and AI anywhere. Trusted by customers worldwide, Nutanix empowers more than 50% of the Global 2000 to innovate faster with AI, while modernizing infrastructure, simplifying operations, and controlling costs. Learn more at www.nutanix.com or follow us on social media.
About Netris
Netris is the leading provider of network automation and multitenancy for AI infrastructure, purpose-built for neoclouds, sovereign AI operators, and AI factories. The Netris NAAM (Network Automation, Abstraction, and Multitenancy) platform delivers network orchestration for AI clusters, hard multitenancy enforced on networking hardware, and cloud-provider-grade automation across Ethernet, InfiniBand, DPUs, and virtual and edge networking — from Day Zero design and simulation through live operations. Netris enables operators to launch GPU clouds in weeks, provision tenants instantly with isolation configured automatically, and maximize GPU utilization by dynamically reallocating capacity across tenants. Netris is the most widely deployed network automation platform for AI clusters, with 70+ live deployments. Founded in 2018 and backed by Andreessen Horowitz, Netris is headquartered in Santa Clara, California. Learn more at netris.io.
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