Beacon Pointe Advisors LLC ve 2. čtvrtletí získala nový podíl v Booking Holdings v rozsahu 87 752 akcií za zhruba 15,641 milionu USD. Akcie BKNG navíc po otevření rostly o 1,5 %.
Beacon Pointe Advisors LLC acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) in the second quarter, according to its most recent filing with the SEC. The fund acquired 87,752 shares of the business services provider’s stock, valued at approximately $15,641,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Booking in the second quarter worth about $11,687,000. MBM Wealth Consultants LLC grew its position in Booking by 2,860.8% during the 2nd quarter. MBM Wealth Consultants LLC now owns 12,554 shares of the business services provider’s stock worth $2,238,000 after acquiring an additional 12,130 shares during the last quarter. Life Cycle Investment Partners Ltd bought a new position in Booking during the 4th quarter worth approximately $361,463,000. Merit Financial Group LLC grew its position in Booking by 1,663.9% during the 2nd quarter. Merit Financial Group LLC now owns 28,698 shares of the business services provider’s stock worth $5,115,000 after acquiring an additional 27,071 shares during the last quarter. Finally, Rit Capital Partners PLC purchased a new position in Booking in the 4th quarter worth approximately $51,396,000. Institutional investors own 92.42% of the company’s stock.
Wall Street Analyst Weigh In A number of analysts have recently weighed in on BKNG shares. Bank of America reiterated a “buy” rating and set a $234.00 target price on shares of Booking in a report on Wednesday, August 5th. Citigroup restated a “buy” rating and set a $236.00 price target (up from $225.00) on shares of Booking in a report on Wednesday, August 5th. Susquehanna reaffirmed a “positive” rating and set a $240.00 price target on shares of Booking in a research report on Thursday, August 6th. Oppenheimer reiterated an “outperform” rating and issued a $240.00 price objective (up from $215.00) on shares of Booking in a report on Wednesday, August 5th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Booking in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $236.45.
View Our Latest Stock Analysis on Booking Booking Trading Up 1.5% Booking stock opened at $205.63 on Friday. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $226.10. The company has a market capitalization of $154.51 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 1.22 and a beta of 1.07. The business’s fifty day simple moving average is $192.18 and its two-hundred day simple moving average is $177.64.
Booking (NASDAQ:BKNG – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.11. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The firm had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same quarter in the previous year, the firm earned $55.40 EPS. Booking’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts predict that Booking Holdings Inc. will post 10.47 EPS for the current year.
Booking Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. Booking’s payout ratio is 18.58%.
Insiders Place Their Bets In related news, Director Vanessa Ames Wittman sold 1,125 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total value of $216,000.00. Following the sale, the director owned 16,508 shares in the company, valued at approximately $3,169,536. This trade represents a 6.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 50,050 shares of Booking stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $207.59, for a total transaction of $10,389,879.50. Following the completion of the sale, the vice president directly owned 375,025 shares of the company’s stock, valued at approximately $77,851,439.75. This trade represents a 11.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 77,550 shares of company stock worth $16,112,304 in the last 90 days. Corporate insiders own 0.17% of the company’s stock.
Booking Company Profile (Free Report)
Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.
Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.
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CVS Health ve 2. čtvrtletí zvýšil tržby v segmentu Pharmacy and Consumer Wellness na téměř 34 miliard USD a upravený provozní zisk stoupl o více než 10 % na téměř 1,5 miliardy USD. Celoroční výhled upraveného provozního zisku nyní zvedl na nejméně 6,4 miliardy USD.
Key Takeaways CVS Health's Pharmacy and Consumer Wellness revenues neared $34 billion in the second quarter.CVS Health's adjusted operating income rose more than 10%, driven by pharmacy strength and Rite Aid.CVS Health now expects at least $6.4 billion in full-year adjusted operating income. CVS Health (CVS - Free Report) is building strong momentum in its Pharmacy and Consumer Wellness segment. The segment’s broad footprint, as of June 30, 2026, includes nearly 9,000 retail locations, online retail pharmacy websites, retail specialty pharmacy stores, compounding pharmacies and branches for infusion and enteral nutrition services.
In the second quarter, Pharmacy and Consumer Wellness generated revenues of nearly $34 billion, a modest increase from the prior-year quarter, primarily driven by pharmacy drug mix, increased prescription volume and brand inflation. Following the completion of the acquisition of select Rite Aid assets nationwide last year, CVS acquired the prescription files of 626 former Rite Aid and Bartell Drugs pharmacies across 15 states. As a result of the transactions, CVS Pharmacy now serves more than nine million former Rite Aid and Bartell Drugs patients. The incremental prescription volume has provided another tailwind for the segment.
On a same-store basis, total revenues increased slightly in the quarter, and same-store pharmacy sales grew approximately 3%. Same-store front store sales rose 100 basis points compared with the prior-year quarter. However, these gains were affected by regulatory-related reductions in select drug prices and the impact of recent generic drug introductions, while pharmacy reimbursement pressure continued to remain another headwind.
The segment’s profitability also improved alongside revenues. Adjusted operating income came in at nearly $1.5 billion, up more than 10% from the prior year, driven mainly by strength in the pharmacy business and contributions from the Rite Aid transaction. This was again moderated by continued business investments and the impact of consumer dynamics.
CVS is carrying the strength of its strong pharmacy performance through the rest of the year. Management now expects the segment's adjusted operating income of at least $6.4 billion for the full year, up $220 million from the prior guidance, reflecting stronger quarterly results and continued confidence in pharmacy performance.
CVS Health’s Peer UpdatesDaVita (DVA - Free Report) announced a new value-based care agreement to deliver comprehensive, coordinated care to Humana Medicare Advantage members with chronic kidney disease (CKD) stages 3B–5. The partnership, launched on July 1, builds on the organizations’ long-standing collaboration in end-stage kidney disease and expands earlier into the disease journey when intervention can have the greatest impact. In the second quarter, DaVita reported $3.55 billion in revenues, up 5.2% year over year, while adjusted earnings per share (EPS) from continuing operations were $4.02, up 36.3% from the prior-year quarter.
Cardinal Health (CAH - Free Report) is expanding its at-Home Solutions' growth strategy with two definitive agreements. The company is set to acquire Diabetes Health business of AdaptHealth Corp. and Strive Medical, a multi-specialty supply provider with a focus on urology. The transactions have a combined value of roughly $360 million in cash, subject to working capital adjustments. Both agreements enhance the framework established by Cardinal Health's most recent acquisition of Advanced Diabetes Supply.
CVS’ Price Performance, Valuation and EstimatesOver the past year, CVS Health shares have risen 31.1% compared with the industry’s 13.4% growth.
Image Source: Zacks Investment Research
CVS shares are trading at a forward five-year price-to-sales ratio of 0.28, lower than the 0.54 industry average.
Image Source: Zacks Investment Research
The consensus estimate for the company’s 2026 and 2027 earnings has been showing a bullish trend.
Image Source: Zacks Investment Research
CVS currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
CVS Health ve 2. čtvrtletí zvýšila tržby o 7,3 % na 106,1 miliardy USD a EPS vyskočil o 188 % na 2,31 USD. Firma zároveň zvýšila výhled tržeb pro rok 2026 na nejméně 414 miliard USD.
CVS Health (CVS +0.15%) is a vertically integrated healthcare giant. It has around 9,000 retail pharmacy locations, more than 1,000 walk-in and primary care medical clinics, and is a leading pharmacy benefits manager with approximately 87 million plan members. Its Aetna segment is No. 2 in health insurance market share, according to the most recent National Association of Insurance Commissioners figures.
The company reported second-quarter earnings on Aug. 5. Revenue was $106.1 billion, up 7.3% year over year. Earnings per share (EPS) were up 188% over the same period, to $2.31.
CVS is predicting revenue of at least $414 billion in 2026, up from earlier estimates of at least $405 billion. Yearly EPS was forecasted between $6.84 and $7.04, again an increase from the earlier guidance of $6.24 to $6.44.
Image source: Getty Images.
Unfortunately for shareholders, the initial excitement over the earnings wasn't enough to sustain a rally for the stock.
The company's shares are down more than 12% over the past month, bringing its year-to-date gains down to 17%.
However, analysts are high on the healthcare giant, with an average price target of $116.08, nearly 25% above its current share price. Here are the reasons why the stock is oversold at this point.
What are investors' concerns about the stock? They boil down to certain worries that could weigh on the company's future margins. On the earnings call, management mentioned membership declines at Caremark in 2027 and noted ongoing revenue headwinds in the 340B drug pricing program due to manufacturer-imposed restrictions.
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The company's pharmacy benefit manager (PBM) side is facing regulatory scrutiny. That includes heightened Federal Trade Commission (FTC) oversight that led to an antitrust settlement with Caremark in July and proposed legislation targeting PBM pricing transparency. While the company's health benefits segment (Aetna) saw its medical benefit ratio improve to 87.4%, investors remain skeptical about whether medical cost trends will stay contained, given broader industry inflation in healthcare utilization.
The stock is priced for a buy now, though The company doesn't really have a direct competitor because it operates in three different healthcare segments: PBM through Caremark, health insurance through its Aetna segment, and, of course, its pharmaceutical segment.
UnitedHealth Group, which mirrors CVS' vertically integrated model by combining health insurance with pharmacy benefit management and provider services, is the closest thing to a rival to CVS. When you compare the two, CVS is trading at less than 12 times forward earnings, while UnitedHealth Group is trading at just under 20 times earnings.
The company's strong dividend history, health CVS has never cut its dividend and has increased it by more than 56% over the past decade. It's now $2.66 per quarterly share. The yield on that dividend is 2.8% at its current share price, more than twice the S&P 500 average.
With a cash payout ratio below 30% of free cash flow and an adjusted earnings payout ratio below 40%, its dividend is well protected. A dividend cut is unlikely under current operating conditions.
Adaptation is built into the company's DNA CVS has been around for 63 years, and that's because it can constantly adapt to regulatory and market changes.
The two primary reasons CVS is likely to thrive over the long haul stem from its unmatched vertical integration and its proactive pivot to new business models.
CVS controls almost every step of the healthcare dollar, creating a self-sustaining ecosystem that insulates it from reliance on any single revenue stream. That ecosystem means that even if one part of the chain is seeing margin pressure, another area is likely to benefit. Considering the company's guidance and its performance so far this year, it's clear that the stock has considerable upside.
Bank of Nova Scotia ve 2. čtvrtletí koupila nový podíl ve společnosti Extra Space Storage: 51 025 akcií za zhruba 7,434 milionu USD. Akcie EXR vlastní z 99,11 % hedge fondy a další institucionální investoři.
Bank of Nova Scotia acquired a new stake in Extra Space Storage Inc (NYSE:EXR – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 51,025 shares of the real estate investment trust’s stock, valued at approximately $7,434,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Extra Space Storage during the second quarter worth about $3,334,263,000. Norges Bank purchased a new stake in shares of Extra Space Storage during the fourth quarter worth approximately $1,219,606,000. Capital International Investors lifted its holdings in shares of Extra Space Storage by 73.9% during the fourth quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock worth $814,746,000 after purchasing an additional 2,658,947 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Extra Space Storage by 900.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,187,795 shares of the real estate investment trust’s stock valued at $308,348,000 after buying an additional 1,969,013 shares during the last quarter. Finally, Cohen & Steers Inc. boosted its holdings in shares of Extra Space Storage by 13.4% in the fourth quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust’s stock valued at $2,080,971,000 after acquiring an additional 1,888,763 shares in the last quarter. 99.11% of the stock is owned by hedge funds and other institutional investors.
Insider Activity In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the sale, the executive vice president directly owned 37,374 shares in the company, valued at $5,606,100. The trade was a 8.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.96% of the stock is owned by corporate insiders.
Analyst Ratings Changes Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of Extra Space Storage from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $160.00 price objective on shares of Extra Space Storage in a report on Thursday, July 30th. Wells Fargo & Company upped their price objective on Extra Space Storage from $154.00 to $158.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Mizuho increased their price objective on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Finally, Scotiabank increased their price objective on Extra Space Storage from $157.00 to $158.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 18th. Six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Extra Space Storage currently has an average rating of “Hold” and a consensus price target of $148.53. View Our Latest Report on Extra Space Storage
Extra Space Storage Price Performance EXR stock opened at $146.28 on Tuesday. The stock’s 50 day moving average price is $147.30 and its 200 day moving average price is $143.88. The firm has a market cap of $30.91 billion, a P/E ratio of 32.29, a PEG ratio of 4.22 and a beta of 1.18. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.56 and a current ratio of 1.56. Extra Space Storage Inc has a 1 year low of $125.71 and a 1 year high of $158.88.
Extra Space Storage (NYSE:EXR – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The company had revenue of $874.15 million during the quarter, compared to analysts’ expectations of $874.99 million. During the same period in the previous year, the firm posted $2.05 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, sell-side analysts expect that Extra Space Storage Inc will post 8.32 earnings per share for the current fiscal year.
Extra Space Storage Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, September 15th. Extra Space Storage’s dividend payout ratio is 143.05%.
Extra Space Storage Company Profile (Free Report)
Extra Space Storage (NYSE: EXR) is a real estate investment trust that specializes in the ownership, development and operation of self-storage properties. The company provides storage solutions for residential and commercial customers, offering a range of unit sizes, climate-controlled units and specialized options such as vehicle and boat storage. Extra Space Storage markets itself as a customer-focused operator, with online rentals, contactless move-in options and ancillary retail products like packing supplies and insurance to support tenant needs.
Its business model combines property ownership with third-party management and development activities.
Read More Five stocks we like better than Extra Space Storage Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here Want to see what other hedge funds are holding EXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Extra Space Storage Inc (NYSE:EXR – Free Report).
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Callan Family Office LLC ve 2. čtvrtletí nakoupila 5 100 akcií Extra Space Storage za zhruba 741 000 USD. Firma zároveň oznámila EPS 1,25 USD a tržby 874,15 milionu USD za čtvrtletí.
Callan Family Office LLC bought a new position in shares of Extra Space Storage Inc (NYSE:EXR – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,100 shares of the real estate investment trust’s stock, valued at approximately $741,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Reflection Asset Management acquired a new stake in shares of Extra Space Storage during the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Extra Space Storage in the 3rd quarter valued at approximately $28,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Extra Space Storage in the 1st quarter valued at approximately $30,000. CoreCap Advisors LLC increased its stake in Extra Space Storage by 975.0% during the 2nd quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 234 shares in the last quarter. Finally, DV Equities LLC bought a new stake in Extra Space Storage during the 4th quarter worth approximately $39,000. 99.11% of the stock is owned by institutional investors and hedge funds.
Extra Space Storage Trading Down 0.4% NYSE:EXR opened at $146.28 on Tuesday. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $158.88. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.96. The business has a 50 day moving average price of $147.30 and a two-hundred day moving average price of $143.88. The company has a market cap of $30.91 billion, a P/E ratio of 32.29, a price-to-earnings-growth ratio of 4.22 and a beta of 1.18.
Extra Space Storage (NYSE:EXR – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. The company had revenue of $874.15 million for the quarter, compared to the consensus estimate of $874.99 million. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $2.05 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, analysts expect that Extra Space Storage Inc will post 8.32 EPS for the current fiscal year. Extra Space Storage Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.4%. Extra Space Storage’s dividend payout ratio (DPR) is 143.05%.
Analyst Upgrades and Downgrades Several research firms have recently weighed in on EXR. UBS Group upped their price target on shares of Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a report on Friday, July 10th. Mizuho raised their price objective on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Wells Fargo & Company boosted their price objective on shares of Extra Space Storage from $154.00 to $158.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Royal Bank Of Canada upped their target price on shares of Extra Space Storage from $153.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Finally, Bank of America upgraded Extra Space Storage from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $147.00 to $156.00 in a report on Tuesday, June 16th. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Extra Space Storage presently has a consensus rating of “Hold” and an average target price of $148.53.
Check Out Our Latest Analysis on Extra Space Storage
Insider Transactions at Extra Space Storage In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $150.00, for a total transaction of $495,000.00. Following the sale, the executive vice president directly owned 37,374 shares of the company’s stock, valued at $5,606,100. The trade was a 8.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.96% of the company’s stock.
Extra Space Storage Profile (Free Report)
Extra Space Storage (NYSE: EXR) is a real estate investment trust that specializes in the ownership, development and operation of self-storage properties. The company provides storage solutions for residential and commercial customers, offering a range of unit sizes, climate-controlled units and specialized options such as vehicle and boat storage. Extra Space Storage markets itself as a customer-focused operator, with online rentals, contactless move-in options and ancillary retail products like packing supplies and insurance to support tenant needs.
Its business model combines property ownership with third-party management and development activities.
Featured Articles Five stocks we like better than Extra Space Storage Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here Want to see what other hedge funds are holding EXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Extra Space Storage Inc (NYSE:EXR – Free Report).
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Adelante Capital Management ve 2. čtvrtletí nově koupila 84 018 akcií BXP za zhruba 5,571 milionu USD. Akcie BXP zároveň zahájily obchodování níže o 2,4 %.
Adelante Capital Management LLC acquired a new stake in BXP, Inc. (NYSE:BXP – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 84,018 shares of the real estate investment trust’s stock, valued at approximately $5,571,000. Adelante Capital Management LLC owned about 0.05% of BXP at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Corient Private Wealth LP acquired a new stake in shares of BXP during the second quarter valued at about $2,728,000. Palogic Value Management L.P. acquired a new position in shares of BXP in the second quarter valued at approximately $848,000. Bamco Inc. NY bought a new position in BXP in the 2nd quarter valued at approximately $20,725,000. Bank of America Corp DE bought a new position in BXP in the 2nd quarter valued at approximately $186,471,000. Finally, Jupiter Topco LLC acquired a new stake in BXP during the 2nd quarter worth approximately $4,636,000. Institutional investors and hedge funds own 98.72% of the company’s stock.
BXP Stock Down 2.4% Shares of NYSE:BXP opened at $70.42 on Thursday. The firm has a fifty day moving average price of $68.24 and a two-hundred day moving average price of $61.59. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 2.69 and a beta of 1.01. The company has a debt-to-equity ratio of 2.07, a current ratio of 3.91 and a quick ratio of 3.91. BXP, Inc. has a one year low of $49.72 and a one year high of $79.33.
BXP (NYSE:BXP – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. BXP had a return on equity of 3.88% and a net margin of 8.44%.The company had revenue of $895.70 million during the quarter, compared to analyst estimates of $858.07 million. During the same quarter last year, the company earned $1.71 earnings per share. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. Analysts anticipate that BXP, Inc. will post 7.03 EPS for the current fiscal year. BXP Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.0%. BXP’s dividend payout ratio (DPR) is currently 150.54%.
Analysts Set New Price Targets A number of analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on BXP from $79.00 to $87.00 and gave the company an “overweight” rating in a report on Tuesday. Cantor Fitzgerald reduced their price target on BXP from $79.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. LADENBURG THALM/SH SH increased their price target on BXP from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Piper Sandler increased their price objective on shares of BXP from $75.00 to $86.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings upgraded BXP from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 8th. Eleven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, BXP currently has a consensus rating of “Moderate Buy” and an average price target of $74.68.
Get Our Latest Analysis on BXP
Insider Activity at BXP In related news, CFO Michael E. Labelle sold 26,113 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the completion of the sale, the chief financial officer directly owned 5,839 shares in the company, valued at $387,417.65. This represents a 81.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.50% of the company’s stock.
BXP Company Profile (Free Report)
Boston Properties, Inc (NYSE: BXP) is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company’s portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.
Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.
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A month has gone by since the last earnings report for Boston Properties (BXP - Free Report) . Shares have lost about 3.7% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Boston Properties due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
BXP Q2 FFO & Revenues Beat Estimates on Occupancy Gains, '26 View UpBXP reported second-quarter 2026 FFO of $1.78 per share, beating the Zacks Consensus Estimate of $1.71. FFO rose 4.1% from the year-ago period.
Results reflected higher occupancy and same-property NOI growth, which supported the FFO beat. Total portfolio occupancy climbed 100 basis points sequentially to 88.4%.
Lease revenues increased 3.2% year over year to $831.68 million and surpassed the consensus mark of $812.49 million. Total revenues increased 3.1% from the prior-year quarter to $895.7 million.
BXP’s Second Quarter in DetailBXP’s rental revenues (excluding termination income) for the office portfolio came in at $839.23 million, which rose 3.3% year over year. For the hotel & residential segment, the metric aggregated $18.58 million, indicating a 2.5% increase year over year. On a consolidated basis, BXP’s rental revenues (excluding termination income) came in at $857.82 million, up 3.3% year over year.
BXP's share of same-property NOI, excluding termination income, increased 3.5% year over year to $486.81 million. On a cash basis, the metric improved marginally to $454.97 million.
BXP Posts Strong Leasing VolumeThe office REIT executed 106 leases covering approximately 1.8 million square feet, with a weighted-average lease term of 9.9 years. The leasing volume equaled about 129% of BXP's historical 10-year second-quarter average.
Notable commitments included an approximately 148,000-square-foot lease with McDermott Will & Schulte at 343 Madison Avenue. That agreement lifted the project's pre-leased level to 50%. Boston Dynamics also signed an approximately 322,000-square-foot lease at Reservoir Place in Waltham, MA.
BXP Expands Occupancy and Future CommencementsThe total portfolio leased rate reached 91.3%, up 40 basis points from the first quarter. The 290-basis-point spread between leased and occupied space represented approximately 1.3 million square feet of future commencements, with about 85% expected before the end of 2026.
The CBD portfolio was 90.7% occupied and 93.6% leased. About 91% of BXP's share of annualized rental obligations came from clients in these urban properties. The addition of the fully occupied 290 Binney Street property contributed to the quarterly occupancy gain, though most of the improvement came from the existing portfolio.
BXP Advances Development PipelineBXP fully placed 290 Binney Street in Cambridge, MA, in service during the quarter. The 572,578-square-foot laboratory and life sciences property is fully leased to AstraZeneca.
The company also began redeveloping the approximately 363,000-square-foot Reservoir Place building, which is 89% pre-leased to Boston Dynamics. Separately, BXP formed a joint venture to develop a 359-unit multifamily project in Herndon, VA, retaining a 20% ownership interest and serving as development manager.
BXP Bolsters Project FinancingOn July 28, BXP closed a $1.2 billion construction loan for 343 Madison Avenue. The facility carries a four-year initial term and a one-year extension option. Its initial rate is Term SOFR plus 2.50%, declining to Term SOFR plus 2.25% after specified leasing and construction milestones.
Cash and cash equivalents were $493.95 million as of June 30, 2026, compared with $512.78 million as of March 31, 2026.
The company reported an annualized BXP’s share net debt-to-EBITDA ratio of 7.94, down from 8.50 as of March 31, 2026.
BXP Raises Full-Year FFO OutlookManagement projected third-quarter FFO of $1.80-$1.82 per share. BXP raised the midpoint of its full-year 2026 FFO guidance by 5 cents to a range of $6.99-$7.05, citing better-than-projected portfolio performance.
How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended downward during the past month.
VGM ScoresCurrently, Boston Properties has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. Interestingly, Boston Properties has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerBoston Properties belongs to the Zacks REIT and Equity Trust - Other industry. Another stock from the same industry, Welltower (WELL - Free Report) , has gained 0.2% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.
Welltower reported revenues of $3.54 billion in the last reported quarter, representing a year-over-year change of +39.1%. EPS of $0.61 for the same period compares with $1.28 a year ago.
Welltower is expected to post earnings of $1.64 per share for the current quarter, representing a year-over-year change of +22.4%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.1%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Welltower. Also, the stock has a VGM Score of D.
Ryman Hospitality Properties dokončila soukromou emisi seniorních nezajištěných dluhopisů za 700 milionů USD se splatností v roce 2035. Výnos má financovat část plánované akvizice Grande Lakes v Orlandu, jejíž kupní cena činí zhruba 1,38 miliardy USD.
NASHVILLE, Tenn., Aug. 25, 2026 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”) announced today that its subsidiaries, RHP Hotel Properties, LP (the “Operating Partnership”) and RHP Finance Corporation (together with the Operating Partnership, the “Issuers”), completed the previously announced private placement of $700 million aggregate principal amount of 6.250% senior notes due 2035 (the “Notes”). The Notes are senior unsecured obligations of the Issuers and guaranteed by the Company and its subsidiaries that guarantee the Operating Partnership’s existing credit facility and the Issuers’ outstanding senior unsecured notes.
The aggregate net proceeds from the sale of the Notes are expected to be approximately $689 million, after deducting the initial purchasers’ discounts and commissions and estimated offering expenses. The Operating Partnership intends to use the net proceeds of the offering to fund a portion of the approximately $1.38 billion purchase price for the previously announced pending acquisition of the JW Marriott Orlando Grande Lakes Resort and The Ritz-Carlton Orlando, Grande Lakes located in Orlando, Florida (the “Grande Lakes Acquisition”) and to pay related fees and expenses of the Grande Lakes Acquisition. The balance of the purchase price of the Grande Lakes Acquisition will be funded with a combination of the net proceeds of the Company’s underwritten registered public offering of 5,865,000 shares of common stock (which includes the full exercise of the underwriters’ option to purchase additional shares) at a public offering price of $117.00 per share, which closed on August 12, 2026 (the “Common Stock Offering”), and cash on hand.
If the Grande Lakes Acquisition is not consummated, the Notes will be redeemed in accordance with a special mandatory redemption at a redemption price equal to 100% of the issue price of the Notes, plus accrued and unpaid interest, if any, up to, but excluding, the special mandatory redemption date.
The Notes were sold only to persons reasonably believed to be qualified institutional buyers in compliance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act. The Notes were not registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.
This press release shall not constitute an offer to sell or the solicitation of any offer to buy any securities, nor shall there be any offer, solicitation or sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Ryman Hospitality Properties, Inc.
Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in group-oriented, upscale convention center resorts and entertainment experiences. The Company’s holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space. The Company also owns JW Marriott Phoenix Desert Ridge Resort & Spa and JW Marriott San Antonio Hill Country Resort & Spa as well as two ancillary hotels adjacent to our Gaylord Hotels properties. The Company’s hotel portfolio is managed by Marriott International and includes a combined total of 12,364 rooms as well as more than 3 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country. The Company also owns an approximate 70% controlling ownership interest in Opry Entertainment Group (OEG), which is composed of entities owning a growing collection of iconic and emerging country music brands, including the Grand Ole Opry; Ryman Auditorium; WSM 650 AM; Ole Red; Category 10; Nashville-area attractions; and Block 21, a mixed-use entertainment, lodging, office and retail complex, including the W Austin Hotel and the ACL Live at the Moody Theater, located in downtown Austin, Texas. OEG manages select outdoor live music venues, including Ascend Federal Credit Union Amphitheater in Nashville and CCNB Amphitheatre in Simpsonville, South Carolina. OEG also owns a majority interest in Southern Entertainment, a leading festival and events business. The Company operates OEG as its Entertainment segment in a taxable REIT subsidiary, and its results are consolidated in the Company’s financial results.
This press release contains statements as to the Company’s beliefs and expectations of the outcome of future events that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Examples of these statements include, but are not limited to, statements regarding the pending Grande Lakes Acquisition and the intended use of the net proceeds from the offering of the Notes and the Common Stock Offering. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. These include the risks and uncertainties associated with the pending Grande Lakes Acquisition including, but not limited to, the occurrence of any event, change or other circumstance that could delay the closing of the Grande Lakes Acquisition, or result in the termination of the transaction agreement for the Grande Lakes Acquisition; and adverse effects on the Company because of the failure to complete the Grande Lakes Acquisition. Other factors that could cause actual results to differ from the Company’s beliefs and expectations are described in the filings made from time to time by the Company with the U.S. Securities and Exchange Commission and include the risk factors and other risks and uncertainties described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, the Company’s Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2026 and June 30, 2026, and subsequent filings, including the Current Report on Form 8-K filed on August 10, 2026. Except as required by law, the Company does not undertake any obligation to release publicly any revisions to forward-looking statements made by it to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events.
Investor Relations Contacts:Media Contact:Mark Fioravanti, President and Chief Executive OfficerShannon Sullivan, Vice President Corporate and Brand CommunicationsRyman Hospitality Properties, Inc.Ryman Hospitality Properties, Inc.(615) 316-6588(615) [email protected]@rymanhp.com~or~ Jennifer Hutcheson, Chief Financial Officer Ryman Hospitality Properties, Inc. (615) 316-6320 [email protected] ~or~ Sarah Martin, Vice President, Investor Relations Ryman Hospitality Properties, Inc. (615) 316-6011 [email protected]
Autodesk vydal výhled na 3. čtvrtletí s upraveným ziskem na akcii (EPS) 3,04–3,09 USD, pod odhadem 3,14 USD. Akcie v prodlouženém obchodování klesly o 4,83 %.
Autodesk Inc. (NASDAQ:ADSK) posted its second-quarter results after Thursday’s closing bell and issued third-quarter EPS guidance below estimates.
Here’s a look at the key figures from the quarter.
ADSK stock is moving. Watch the price action here. Autodesk Q2 Details Autodesk reported quarterly earnings of $3.30 per share, which beat the analyst consensus estimate of $3.12 by 5.77%, according to Benzinga Pro data.
Quarterly revenue of $2.05 billion beat the Street estimate of $2.01 billion.
“We delivered strong second quarter results with consistent execution and momentum. Our sales reorganization is proceeding as expected,” said Janesh Moorjani, Autodesk CFO.
“We have increased our fiscal 27 billings and revenue growth guidance to reflect higher underlying growth expectations, as well as the incremental contribution from MaintainX,” Morrjani added.
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Looking AheadAutodesk expects third-quarter adjusted EPS of $3.04-$3.09, versus the $3.14 analyst estimate, and expects revenue of $2.13 billion to $2.14 billion, versus the $2.08 billion estimate.
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ADSK Stock Price Activity: According to data from Benzinga Pro, Autodesk stock was down 4.83% to $257.20 in Thursday’s extended trading.
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Autodesk (ADSK - Free Report) came out with quarterly earnings of $3.3 per share, beating the Zacks Consensus Estimate of $3.12 per share. This compares to earnings of $2.62 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +5.77%. A quarter ago, it was expected that this design software company would post earnings of $2.84 per share when it actually produced earnings of $2.99, delivering a surprise of +5.28%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Autodesk, which belongs to the Zacks Internet - Software industry, posted revenues of $2.05 billion for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 1.84%. This compares to year-ago revenues of $1.76 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Autodesk shares have lost about 13.9% since the beginning of the year versus the S&P 500's gain of 12.1%.
What's Next for Autodesk?While Autodesk 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 Autodesk 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 $3.15 on $2.08 billion in revenues for the coming quarter and $12.63 on $8.19 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Guidewire Software (GWRE - Free Report) , is yet to report results for the quarter ended July 2026. The results are expected to be released on September 3.
This provider of software to the insurance industry is expected to post quarterly earnings of $0.94 per share in its upcoming report, which represents a year-over-year change of +11.9%. The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level.
Guidewire Software's revenues are expected to be $402.23 million, up 12.8% from the year-ago quarter.
Autodesk ve 2. čtvrtletí překonal horní hranici odhadů tržeb i EPS a zvýšil celoroční výhled tržeb a billings. Tržby vzrostly meziročně o 16 % a volný peněžní tok činil 561 milionů USD.
Autodesk Stock Rally: Why Momentum May Not Be Done YetAutodesk NASDAQ: ADSK reported fiscal 2027 second-quarter revenue and earnings per share above the high end of its guidance ranges, prompting the company to raise its full-year outlook for billings and revenue. The updated forecast also incorporates the acquisition of MaintainX, which closed on Aug. 3.
Chief Executive Officer Andrew Anagnost said Autodesk is pursuing a strategy centered on “project intelligence,” connecting data and workflows across design, construction, manufacturing and asset operations. The company aims to extend information generated during planning and construction into the operational life of assets, then use operating performance data to inform future projects.
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Analysts Love These 3 Companies Reporting Earnings This Week“We delivered another strong quarter,” Anagnost said, citing the company’s execution and the ongoing benefits of prior business-model changes.
Second-Quarter Results and Updated Outlook Chief Financial Officer Janesh Moorjani said second-quarter revenue increased 16% year over year as reported, or 14% in constant currency. The company said its new transaction model added about 2 percentage points to revenue growth during the quarter.
Autodesk Stock Ready to Rip? Q3 May Be the Turning PointBillings rose 10% as reported and 12% in constant currency. Moorjani said the transaction model did not have a significant impact on billings growth in the second quarter. He also said Autodesk continued reducing multi-year contract discounts, including winding down multi-year renewals under its maintenance-to-subscription program. The company expects that approach to improve price realization over time, though it may temporarily weigh on unbilled deferred revenue and remaining performance obligations growth.
GAAP operating margin was 29%, up about 4 percentage points year over year. Non-GAAP operating margin was 41%, up about 2 percentage points. Free cash flow totaled $561 million. Autodesk repurchased about 2.1 million shares for $453 million. Moorjani attributed margin improvement to operating leverage, sales optimization and a lower level of stock-based compensation as a percentage of revenue. Autodesk expects stock-based compensation to represent about 9% of revenue in fiscal 2027, down from about 11% in fiscal 2026.
For fiscal 2027, Autodesk raised its billings outlook to a range of $8.575 billion to $8.65 billion and increased its revenue outlook to $8.295 billion to $8.345 billion. The forecast includes approximately six months of MaintainX results. Autodesk expects MaintainX to contribute about $60 million in second-half revenue and about $70 million in second-half billings, with both weighted somewhat toward the fourth quarter.
The company narrowed its free-cash-flow forecast to $2.725 billion to $2.75 billion. The outlook reflects stronger underlying expectations, offset by MaintainX operating and net financing costs and about $45 million in transaction expenses related to the acquisition.
MaintainX Expands Autodesk Into Operations Anagnost described MaintainX as an extension of Autodesk’s digital thread into day-to-day asset maintenance and operations. He said operational data from buildings, factories, machines and other physical assets can help close the feedback loop between how assets are designed, built and used in the real world.
Autodesk’s immediate integration priorities are to preserve MaintainX’s growth momentum and integrate back-office functions, according to Anagnost. Over time, Autodesk sees opportunities to introduce MaintainX to its enterprise accounts, expand it in Europe through partners and broaden its use beyond its primarily manufacturing-focused customer base into architecture, engineering and construction markets.
Moorjani said MaintainX was unprofitable at the time of acquisition, as is typical of a high-growth business, and will dilute Autodesk’s operating margin in fiscal 2027. Still, Autodesk expects fiscal 2028 non-GAAP operating margin to improve modestly from the 39% forecast for fiscal 2027, despite the annualization of MaintainX costs. The company remains on track for a 41% non-GAAP operating margin target in fiscal 2029.
Sales Reorganization and Demand Trends Moorjani said the effects of Autodesk’s sales reorganization remained within the range management had anticipated. The Americas, Asia-Pacific, Eastern Europe and the Middle East are normalizing somewhat earlier than Western Europe, where sales productivity has taken longer to improve.
Renewal rates remained strong, and management said billings linearity during the quarter was better than expected. Anagnost said renewal productivity improved both within Autodesk and among channel partners, while the company also saw encouraging signs in expansion business and pipeline creation. He said mature European markets have been slower to build expansion activity because of consultation periods and related factors.
Autodesk noted that its largest enterprise business agreement renewal cohort is concentrated in the fiscal fourth quarter. Moorjani said the company’s previous outlook had already reflected those cohort dynamics, and second-quarter execution and preparation for the second half supported the decision to raise billings guidance.
AI, Construction and Product Reporting Changes Anagnost said Autodesk is using artificial intelligence to turn connected design, manufacturing, construction and operations data into actionable intelligence. He said the company will use a range of models, including third-party frontier models and Autodesk-built models such as Neural CAD, depending on the need for speed, precision and cost effectiveness.
Management said task-based AI automation is currently embedded in subscription offerings and is supporting Fusion adoption. Over time, Autodesk expects to expand from task automation into workflow and system-level automation, with more consumption-oriented revenue potentially flowing through Flex and other offerings.
Construction continued to grow at more than 20%, according to Anagnost. He said the business benefits from global and segment diversification, but argued that the larger driver is low technology penetration in construction rather than fluctuations in industry backlog metrics.
Autodesk also said it will no longer disclose separate design and make revenue, reflecting its strategy of converging workflows and expanding into operations. The company plans to continue providing commentary on construction, Fusion and operations, and will disclose MaintainX revenue for four quarters to help investors track the acquired business.
Separately, Anagnost announced that Amy Bunszel, executive vice president of Architecture, Engineering and Construction Solutions, plans to retire after 23 years with Autodesk. Bunszel will remain with the company during the search for a successor and through the transition.
About Autodesk (NASDAQ:ADSK)Autodesk, Inc NASDAQ: ADSK is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.
The company's product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Should You Invest $1,000 in Autodesk Right Now?Before you consider Autodesk, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Autodesk wasn't on the list.
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The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Accenture se dohodla na akvizici tokijské COMWARE, aby posílila Accenture Edge a rozšířila působení v japonském mid-marketu. COMWARE přidá více než 180 odborníků a know-how v SAP, CRM a výrobě.
Key Takeaways Accenture will acquire COMWARE to strengthen Accenture Edge and expand its reach in Japan's mid-market. COMWARE adds multiple professionals, plus SAP, CRM and manufacturing expertise to ACN's delivery capacity.COMWARE's templates and local relationships should speed AI, cloud and data-driven digital-core projects. Accenture (ACN - Free Report) has agreed to acquire COMWARE Co., Ltd., a Tokyo-based provider of end-to-end technology services to mid-market companies. The acquisition is expected to strengthen Accenture Edge, a business unit launched in June 2026 to help mid-sized companies adopt artificial intelligence and transform their operations. Financial terms of the transaction were not disclosed.
COMWARE is recognized for its IT implementation and operational capabilities, particularly across SAP and customer relationship management technologies. The company will bring more than 180 professionals to Accenture and support the continued expansion of Accenture Edge. Its addition will enhance Accenture’s ability to help clients modernize their digital cores using AI, data and cloud technologies.
Founded in September 2000, COMWARE provides services covering the implementation, development, maintenance and operation of core business systems. The company has considerable experience serving discrete manufacturing businesses, including make-to-order and make-to-plan production, as well as process manufacturers in the chemical and food industries. It will also contribute extensive knowledge of manufacturing operations and long-standing client relationships in Japan.
COMWARE has served as a business partner of SAP Japan for more than 25 years. Accenture indicated that the growing importance of AI has made faster execution increasingly vital for improving corporate decision-making, productivity and competitiveness. COMWARE’s knowledge of mid-market companies, skilled workforce and established client relationships, combined with Accenture’s global delivery capabilities and AI-led transformation services, are expected to enable faster delivery of scalable and repeatable solutions to a wider client base. Accenture intends to continue providing end-to-end support that converts AI and technology-led transformation into sustainable growth and stronger competitiveness for companies in Japan.
The acquisition will aid Accenture by expanding its presence in Japan’s mid-market segment and adding specialized SAP, CRM and manufacturing capabilities to Accenture Edge. COMWARE’s implementation templates, local market expertise and established customer relationships should help Accenture deploy AI, cloud and data-driven solutions more quickly and efficiently. The addition of more than 180 professionals will also strengthen Accenture’s delivery capacity, enabling it to serve a broader group of clients and capture rising demand for digital-core modernization in Japan.
Taking a Look at Accenture’s Other Recent DealsAccenture recently entered into a long-term strategic partnership with UniCredit, one of Europe’s foremost pan-European banking groups, and International Business Machines Corporation (IBM - Free Report) to build the technology foundation for supporting UniCredit’s continued growth across 13 European markets where it operates.
Through this collaboration, the three companies will develop a new banking technology operating model that provides UniCredit with greater control over its technology roadmap while combining the reliability of mission-critical systems with the agility of modern digital platforms. This approach is designed to foster continuous innovation and enhance operational flexibility.
Under the agreement, Accenture will acquire IBM’s majority stake in the joint venture responsible for managing a substantial portion of UniCredit’s technology infrastructure. IBM will also deliver modernized technology platforms to UniCredit, including IBM Z systems, software and consulting services. The collaboration marks the start of a multi-year transformation initiative aimed at modernizing the bank’s core systems and evolving its operating model.
Earlier this year, Accenture inked a deal with ServiceNow (NOW - Free Report) by introducing a joint AI-powered cybersecurity offering aimed at helping enterprises modernize their risk management operations. The new solution combines managed security services built on the ServiceNow AI Platform with Accenture's AI-driven migration capabilities, addressing two major challenges organizations face when replacing legacy cybersecurity systems — high costs and implementation complexity. The partnership with ServiceNow comes at a time when cybersecurity threats are becoming more severe and expensive.
Price Performance, Valuation & EstimatesAccenture has lost roughly 32% so far this year compared with a 14% decline in its industry.
YTD Price ComparisonImage Source: Zacks Investment Research
From a valuation standpoint, ACN trades at a forward price-to-sales ratio of 1.58, well below the industry average.
Image Source: Zacks Investment Research
See how the Zacks Consensus Estimate for ACN’s earnings has been revised over the past 90 days.
Image Source: Zacks Investment Research
ACN’s Zacks Rank
ACN currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
CEO Coinbase Brian Armstrong zvažuje odchod z Kalifornie kvůli navrhované dani z majetku, kterou označil za „hluboce neamerickou“. Firma zároveň připouští přesun sídla.
Coinbase CEO Brian Armstrong said he is considering exiting California over the state’s “deeply un-American” proposed wealth tax.
During a Tuesday evening appearance on “The Katie Miller Podcast,” Armstrong warned that tech founders are fleeing California over the state’s proposed first-of-its-kind billionaire tax – and hinted his firm, which operates its largest office in San Francisco, might be next in line.
“I think it’s deeply un-American to seize people’s assets. It might be unconstitutional,” said Armstrong, who is worth an estimated $8.8 billion, according to Forbes.
Coinbase CEO and co-founder Brian Armstrong (right) speaks at a White House event hosted by President Trump last week for crypto industry leaders. AP Photo/Jacquelyn Martin He argued that he has paid “tons of taxes” on his income and has no problem doing so – but that an extra tax on wealth and assets “starts to feel like a third-world country. That is a dangerous, dangerous path to go down.
“It’s against my values, I would say. I think it’s bad for the state and for America. So we’re considering any and all options basically at this point to be, in terms of relocation,” Armstrong said.
The exec added that he wouldn’t be so opposed to additional taxes if there wasn’t so much fraud and waste in the government.
Armstrong told CNBC last week that he’s considering relocating his home out of California by the end of the year.
As of June, Coinbase – an American crypto exchange and wallet platform with venture capitalist powerhouse Marc Andreessen on its board – employed 4,300 workers internationally.
The company insists it is a remote-first operation – but last May it signed a lease for 150,000 square feet of San Francisco office space. That came just four years after it paid $25 million to break its previous office lease in the same city.
Coinbase also operates offices in New York, North Carolina, London, Singapore, Luxembourg, Dublin and Bangalore, India, as well as many remote positions, according to its website.
It is unclear how many people Coinbase employs in California. The company did not respond to The Post’s requests for comment.
Employees work at Coinbase’s previous San Francisco office space in 2017. Bloomberg via Getty Images Prop 40, California’s proposed billionaire tax, would impose a one-time 5% tax on the net worth of roughly 200 billionaires living in the Golden State.
Mega-rich techies have pumped millions of dollars into a campaign to kill the tax. Google co-founder Sergey Brin has spent more than $100 million fighting the rule, which would cost him more than $13 billion personally.
Meta founder Mark Zuckerberg reportedly bought a $170 million mansion near Miami this year while venture capitalist Peter Thiel, ex-Uber CEO Travis Kalanick and Google co-founder Larry Page have fled the state.
Even California’s Democratic Gov. Gavin Newsom has opposed the tax, warning it could hurt the state’s economy. Still, he’s backed a “national billionaires’ tax,” saying today’s office worker shouldn’t have to “shoulder a higher tax rate than the heiress.”
Coinbase’s logo was displayed on the Nasdaq jumbotron in Times Square on April 14, 2021 during its market debut. REUTERS Californians are set to vote on the billionaire tax in November. If enacted, 90% of funding it raises would go toward healthcare services in the Golden State, while the remaining 10% would be spent on food assistance and education.
The ballot comes ahead of President Trump’s expected budget cuts next year. The state’s Medicaid program alone is predicted to lose up to $30 billion in federal funding.
Armstrong on Tuesday praised Trump for his friendly approach toward the cryptocurrency industry – while bashing former President Joe Biden and Sen. Elizabeth Warren (D-Mass.).
The Coinbase boss said Trump recognized in 2024 that there was a “massive voter base” of pro-crypto Americans.
Armstrong praised the Trump administration for its crypto-friendly policy approach. Al Drago/POOL via CNP/INSTARimages.com “By the way, it wasn’t just like a good political opportunity,” Armstrong added. “He recognized that for the United States to stay relevant as a financial and technology hub, we have to embrace this … because if not, it’s all going to go offshore.”
“It’s not like you can uninvent crypto at this point, right? Like someone is going to do it in the world. You can’t just bury your head in the sand. So whether you like crypto or hate crypto, you got to put clear rules in the book so it can be built here in America.”
He accused the Biden administration of “an active campaign to try to curtail or even kill” the crypto industry, adding that Warren “had lots of influence with the financial regulators at that time.”
Last week, Armstrong attended a White House event alongside several other crypto CEOs where Trump pressured Congress to pass the Clarity Act, a crypto regulation bill, by the end of this year.
After Trump’s re-election win, Armstrong attended a Crypto Ball event held at the Mellon Auditorium, down the street from the White House, the weekend of Trump’s inauguration.
A few months later in March, Armstrong sat three seats from Trump at a White House summit for crypto industry leaders.
Coinbase vybrala Chainlink jako orákulovou infrastrukturu pro tokenizované akcie na Base. Mezi nimi jsou 1:1 kryté podíly Apple, NVIDIA, Meta a Alphabet v regulované úschově.
Key Takeaways Coinbase chose Chainlink as oracle infrastructure for tokenized stocks, enabling continuous pricing data.Base hosts 1:1-backed tokenized shares of Apple, NVIDIA, Meta and Alphabet held in regulated custody.Tokenized stocks could support DeFi collateral, liquidity, lending and new financial products on Base. Coinbase Global (COIN - Free Report) has selected Chainlink as the oracle infrastructure for its tokenized stocks, a move that could expand its role beyond digital representations of listed shares. By providing continuous pricing data, Chainlink can help make these assets usable across finance applications, connecting traditional securities with onchain markets and opening revenue opportunities for both companies.
Coinbase has introduced tokenized versions of stocks such as Apple, NVIDIA, Meta and Alphabet on Base. Each token is a 1:1-backed claim on an underlying share held in regulated custody. Chainlink Data Feeds give developers across the Base ecosystem access to pricing information for these tokenized equities.
Chainlink reports that tokenized equities are among the fastest-growing segments of the real-world asset market, with their value reaching a record $2.3 billion by mid-July 2026. The milestone points to rising demand for blockchain-based access to traditional investments. Coinbase also benefits from Base’s reach, including millions of users and a developer ecosystem.
The opportunity for Coinbase goes beyond transaction fees. If tokenized stocks gain acceptance as collateral in DeFi, they could attract liquidity, lending activity and new financial products to Base. Meanwhile, Chainlink would benefit from growing demand for oracle services. Together, the companies are positioning Base as a marketplace where crypto assets and traditional securities can operate within the same financial system.
What About Peers?Robinhood Markets, Inc. (HOOD - Free Report) launched tokenized stocks in Europe in 2025 and subsequently built Robinhood Chain, an Ethereum-compatible Layer-2 specifically designed to bring traditional assets onchain. Robinhood’s Stock Tokens provide economic exposure to U.S. stocks and ETFs.
Interactive Brokers (IBKR - Free Report) continues to add features that widen its addressable client base and deepen wallet share. Interactive Brokers has added nine new tokens for trading through zerohash and three new tokens through Paxos, while introducing the ability to transfer funds to external wallets via stablecoin.
COIN’s Price PerformanceShares of COIN have lost 20.3% in the year-to-date period, underperforming the industry.
Image Source: Zacks Investment Research
COIN’s Expensive ValuationCOIN trades at a price-to-earnings ratio of 80.85, significantly above the industry average of 17.2.
Image Source: Zacks Investment Research
Estimate Movement for COINThe Zacks Consensus Estimate for COIN’s third-quarter and fourth-quarter 2026 earnings per share (EPS) witnessed southbound movement in the last 30 days. The same holds true for 2026 and 2027.
Coinbase a Better Mortgage spustily první celostátní hypotéku krytou tokeny, která splňuje pravidla Fannie Mae. Zájem z červnové čekací listiny přesáhl 260 milionů USD v očekávaném objemu úvěrů.
Key Takeaways Coinbase and Better Mortgage launch a nationwide token-backed mortgage that meets Fannie Mae guidelines.June waitlist demand topped $260 million in projected loan volume, with 60% eyeing a home within six months.Borrowers can pledge crypto for a down payment gap without selling holdings, retaining potential appreciation. Coinbase Global (COIN - Free Report) and Better Mortgage have launched the first token-backed conforming mortgage product nationwide. Better Mortgage will originate and service the loans, while Coinbase will provide the digital-asset infrastructure. Structured to meet Fannie Mae guidelines, the product’s first lien functions as a standard conforming mortgage.
The partnership could help Better Mortgage attract customers and distinguish its platform in a difficult housing market. Demand appears encouraging as Better Mortgage and Coinbase’s June waitlist represented more than $260 million in projected loan volume, and 60% of respondents expected to buy a home within six months. Notably, 76% were Coinbase One members, giving the offering access to a large, targeted customer base and potentially reducing reliance on traditional mortgage marketing.
The product also addresses a common barrier to homeownership. Better Mortgage estimates that 41% of its pre-approved customers meet income and credit requirements but lack enough cash for a conventional down payment. Allowing borrowers to pledge crypto assets could bridge that gap without requiring them to sell their holdings, enabling them to retain potential future appreciation. The approach may appeal particularly to younger buyers whose wealth is concentrated in digital assets rather than traditional savings accounts.
For Coinbase, the launch expands crypto’s use beyond trading by bringing digital assets into mortgage underwriting. It also supports the company’s broader push to become an “everything exchange,” offering financial services that connect crypto wealth with real-world spending and borrowing needs.
What About Peers?In a recent endeavor, Robinhood Markets, Inc. (HOOD - Free Report) launched tokenized stocks in Europe in 2025 and subsequently built Robinhood Chain, an Ethereum-compatible Layer-2 specifically designed to bring traditional assets onchain. Robinhood’s Stock Tokens provide economic exposure to U.S. stocks and ETFs.
Interactive Brokers (IBKR - Free Report) continues to add features that widen its addressable client base and deepen wallet share. Interactive Brokers has added nine new tokens for trading through zerohash and three new tokens through Paxos, while introducing the ability to transfer funds to external wallets via stablecoin.
COIN’s Price PerformanceShares of COIN have lost 14.9% in the year-to-date period, underperforming the industry.
Image Source: Zacks Investment Research
COIN’s Expensive ValuationCOIN trades at a price-to-earnings ratio of 78.19, significantly above the industry average of 17.02.
Image Source: Zacks Investment Research
Estimate Movement for COINThe Zacks Consensus Estimate for COIN’s third-quarter and fourth-quarter 2026 earnings per share (EPS) witnessed southbound movement in the last 30 days. The same holds true for 2026 and 2027.
On Aug. 19, Coinbase Global (COIN -6.33%) launched perpetual futures trading inside its Base App, giving eligible users up to 50x leverage across the platform's crypto and tokenized equity markets. The backend of that new feature will be handled by Hyperliquid, a popular and rising decentralized crypto derivatives exchange. That same day, nearly $3 billion in leveraged crypto positions were liquidated, the biggest single-day wipeout since the flash crash of early October 2025.
Those two events are connected. In fact, Coinbase's rollout of perpetuals guarantees that the market will see even more volatility than before -- here's what you should know if you're a crypto holder trying to make sense of what the impact will be.
Image source: The Motley Fool.
This is a good move for Coinbase A perpetual future (or "perp" for short) is a type of financial derivative contract that tracks an asset's price and never expires. Because they are nearly always traded using leverage, they're a handy way to boost an investor's exposure to the price movement of an underlying asset. Coinbase says perps trading currently drives 75% of overall crypto trading volume.
But excessive use of leverage has been a major contributor to financial crashes throughout history. Because applying leverage means borrowing money to squeeze higher returns out of smaller price movements in the underlying asset, investors must provide the exchange with margin to use as collateral for the borrowing, which has consequences.
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Someone making a spot trade might want to sell a cryptocurrency if it loses 10% of its value, which would recoup 90% of their starting capital before any fees. Or they could decide to hold on through the dip, and eventually sell their position at a profit; the price of the coin alone cannot force them to take any action.
On the other hand, if a trader with a 10x leveraged perpetual futures position in the same asset experiences a drop of a little under 10% in price, their position will be automatically liquidated by the exchange, costing them the entire margin backing that position, which also excludes them from the upside of the asset's recovery, if one occurs.
And in both of those scenarios, Coinbase and Hyperliquid capture transaction and trading fees while avoiding most of the primary investment risks.
Perpetuals are hard to access in the U.S. for now Perpetuals in Coinbase's Base App are currently unavailable in the U.S., the U.K., and Canada, though Americans who want to access leveraged trading on Coinbase's main platform already have it, albeit with a 10x leverage cap.
That may change soon enough, given that crypto regulations in the U.S. are currently being overhauled. If it does, more investors will have access to a lot more leverage than before.
Volatility is sure to follow, as smaller sums of capital will be able to make much larger impacts relative to a crypto's market cap than before. That doesn't mean you need to trade perpetuals using lots of leverage in Coinbase's app or anywhere else. They're simply too risky for most investors to bother with.
Owning Coinbase stock, or Hyperliquid's coin, will be sufficient to capture some of the upside of its new perpetuals offerings. Just be aware that as the contracts get more and more popular, the market could be in for a bumpy ride even if the direction of travel is favorable.
Skyworks ve 3. fiskálním čtvrtletí oznámil zisk na akcii 1,08 USD a tržby 934,8 mil. USD, obojí nad odhady. Firma zároveň čeká ve 4. čtvrtletí tržby 1,01–1,06 mld. USD.
A month has gone by since the last earnings report for Skyworks Solutions (SWKS - Free Report) . Shares have added about 8.9% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Skyworks due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Skyworks Solutions, Inc. before we dive into how investors and analysts have reacted as of late.
SWKS Q3 Earnings Beat on Broad Markets, AI Data Center GrowthSkyworks Solutions reported third-quarter fiscal 2026 non-GAAP earnings of $1.08 per share, beating the Zacks Consensus Estimate by 4.85%. Earnings declined 18.8% year over year from $1.33.
Revenues of $934.8 million fell 3.1% year over year but topped the consensus mark by 1.38%. Results benefited from healthy mobile demand and continued Broad Markets growth, with automotive and data center delivering double-digit gains.
SWKS Broad Markets Maintains Growth MomentumBroad Markets generated approximately $403 million in revenues, rising 8% year over year and accounting for 43% of total sales. Management highlighted that demand for several fast-growing products remained ahead of available supply during the quarter.
Wi-Fi, data center and automotive represented nearly two-thirds of the business and collectively grew 15% year over year. Artificial Intelligence (AI) data center was the fastest-growing operation, expanding at a rate above the 50% annual growth outlook provided in the prior quarter despite supply constraints.
Wi-Fi 7 adoption and early customer work on Wi-Fi 8 supported the connectivity pipeline. In automotive, connected-car and infotainment applications drove current growth, while management highlighted multiyear engagements with global automakers and suppliers. Demand for several faster-growing products exceeded available supply, partly offset by softness in consumer-oriented Internet of Things products.
Skyworks Mobile Mix Remains ConcentratedMobile contributed 57% of total revenues. Performance was supported by healthy sell-through at the largest customer and successful new-product ramps at the company’s largest Android customer.
The largest customer generated approximately 57% of total revenues. Management maintained its expectation for roughly flat blended mobile content this year, with stronger unit demand helping offset previously disclosed content pressure.
Skyworks also reiterated that its major Android design win extends through 2030. The customer performed particularly well during the reported quarter, although management expects the normal seasonal pattern to moderate that contribution in the September quarter.
SWKS Expands Automotive & Data Center PipelineSkyworks added automotive engagements spanning telematics and in-vehicle infotainment with leading global original equipment manufacturers. The company expects connectivity and power products to broaden its presence across multiyear vehicle platforms.
In the data center, SWKS expanded its design-win pipeline with precision timing products for a hyperscaler switch platform and isolation solutions for 800-volt high-voltage direct-current power architectures. Rising data rates and rack density are supporting demand for advanced timing, connectivity and power-delivery solutions.
Skyworks Margins Contract on Input Cost PressureNon-GAAP gross profit was $420 million, resulting in a gross margin of 44.9%. The margin contracted 220 basis points from 47.1% in the year-ago quarter as higher input costs continued to weigh on profitability.
Operating expenses on a GAAP basis were $326.5 million, up 12.4% year over year. Research and development expenses increased 4.2% year over year, while selling, general and administrative expenses rose 10.5%.
Non-GAAP operating income totaled $181.6 million, down from $224.4 million a year earlier. The operating margin declined 390 basis points to 19.4%. Management is pursuing cost controls and selective price increases, primarily across its longer-life Broad Markets products, to offset cost inflation.
Skyworks Maintains Balance Sheet StrengthSkyworks ended the quarter with approximately $814 million in cash and investments and $497 million in debt after repaying $500 million of notes that matured during the period.
Operating cash flow totaled $70.4 million in the third quarter compared with $314.1 million a year earlier. The company reported negative free cash flow of $16.7 million against positive free cash flow of $252.7 million in the prior-year quarter.
The company paid $106.9 million in dividends during the quarter. However, Skyworks said it will not declare quarterly dividends going forward, redirecting capital toward share repurchases, debt reduction and strategic acquisitions.
The board replaced the prior repurchase authorization with a new $2 billion stock buyback program for the combined company, set to expire in January 2029.
Skyworks Guides for a Seasonal Mobile RampFor the fourth quarter of fiscal 2026, Skyworks expects revenues to be between $1.01 billion and $1.06 billion. At the midpoint of $1.035 billion, management projects non-GAAP earnings of $1.27 per share.
Mobile revenues are expected to grow sequentially in the high teens, driven by seasonal product launches at the largest customer. Broad Markets is projected to increase approximately 5% year over year and represent about 39% of sales. Gross margin is forecast between 44% and 45%, with operating expenses of $235 million to $245 million.
SWKS Advances Its Pending Qorvo CombinationSkyworks said regulatory reviews for the Qorvo transaction are progressing and expressed optimism that the combination could close within calendar 2026. The company expects to raise approximately $2 billion of acquisition-related debt financing, with fourth-quarter guidance including about $5 million of incremental net interest expense.
The board authorized a new $2 billion share-repurchase program for the combined company and decided not to declare quarterly dividends going forward. Capital will instead be directed toward share repurchases, debt reduction and opportunistic acquisitions following the transaction.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates review.
VGM ScoresCurrently, Skyworks has a poor Growth Score of F, however its Momentum Score is doing a lot better with a C. Charting a somewhat similar path, the stock was allocated a score of B on the value side, putting it in the second quintile for value investors.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Skyworks has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Palo Alto Networks má po zveřejnění výsledků podle opcí prostor k pohybu až o 8,5 % oběma směry do konce týdne. Trh očekává tržby 3,35 miliardy USD, tedy více než 30% meziroční růst.
Key Takeaways
Palo Alto Networks is set to report earnings Tuesday afternoon, with the cybersecurity stock seen potentially rising to a fresh record following the results.The company is projected to report a more than 30% jump in revenue from a year earlier.
Palo Alto Networks is scheduled to report earnings after the closing bell Tuesday, with the cybersecurity stock seen potentially climbing to a fresh high in the days that follow.1
Current options pricing suggests traders expect Palo Alto Networks (PANW) shares could swing up to 8.5% in either direction by the end of the week following the results. A move of that size from Friday afternoon’s level around $370 could see the shares rally as high as $402, topping a record set earlier this month, or drag them below $339.
Palo Alto Networks shares have roughly doubled in value since the start of the year, as worries about AI disrupting the cybersecurity software space have eased. Palo Alto Networks shares hit a record high earlier this month, as a series of AI-related hacks added fuel to expectations that developments in AI would drive spending on cybersecurity.
Why This Matters to Investors
A solid report from Palo Alto Networks could further improve sentiment around the cybersecurity sector.
Earlier this month, UBS analysts lifted their price target for the stock to $390 from $300, but warned Palo Alto Networks could face a more challenging setup to impress after the stock’s big rally over the last several months.2 Expectations are also running high after stronger-than-anticipated earnings from rival CrowdStrike (CRWD).
Palo Alto Networks is projected to report fiscal fourth-quarter revenue of $3.35 billion, a more than 30% rise year-over-year, with adjusted earnings of 98 cents per share, up 3 cents from the same time last year, per Visible Alpha estimates.
Analysts are mostly bullish on Palo Alto Networks, with nine of the 12 analysts tracked by Visible Alpha holding “buy” recommendations, compared to three neutral ratings. Their mean target of $374 would suggest just a 1% rise from the stock’s recent level, however, after its torrid rally.
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Meta a Roblox souhlasily se zpřísněním ochrany dětí pro uživatele na Filipínách, včetně ověřování věku, rodičovských kontrol a rychlejšího mazání škodlivého obsahu. Filipínské úřady uvedly, že firmy budou spolupracovat i s policií a zákonodárci.
Meta (META.O) and gaming platform Roblox (RBLX.N) have agreed to strengthen child-safety protections for Philippine users, Information and Communications Technology Secretary Henry Aguda said on Thursday.
The measures include age-verification, parental controls, faster takedowns of harmful content and closer cooperation with law enforcement, he said.
The commitments were made during meetings between Philippine officials and executives of Meta (META.O) and Roblox (RBLX.N) in Singapore, Aguda told Reuters.
Meta and Roblox did not immediately respond to a request for comment.
AGREEMENT COMES A DAY AFTER US SETTLEMENT
The agreement came a day after Meta agreed to pay up to $18 billion over the next decade and impose new safeguards for teenage users in the United States, including usage limits, parental controls and stronger age-assurance measures, to settle claims by U.S. states that its platforms harmed children.
Ahead of the talks, Aguda said the U.S. settlement would "boost" discussions with Meta on child safety and platform accountability.
"Both agreed to the safety protocols that we requested," including locating their office in the Philippines, providing age verification, cooperating with law enforcement, faster takedown of content, Aguda said in a phone interview after the meetings.
Roblox is aiming to establish a Philippine office as early as October, Aguda said, while Meta would send a team to Manila to discuss a timeline for expanding its presence.
LAWMAKERS CONSIDER FURTHER MEASURES TO PROTECT MINORS ONLINE
The talks come as Philippine lawmakers consider measures to tighten protections for minors online, including proposals that would restrict or ban children's access to social media.
Calls for stronger regulation intensified after a fatal shooting at a university in the southern Philippines last week, with officials saying a student livestreamed the attack, and following a separate incident of school violence in June.
Philippine officials have increasingly linked concerns over youth safety, online harms and social media platforms to the broader debate over regulation of minors' access to digital services.
Aguda said Meta and Roblox also agreed to engage with legislators as Congress considers online safety measures.
Asked whether the companies were open to a potential social media ban for minors, Aguda said they have indicated they would cooperate with whatever policy Philippine lawmakers ultimately adopt.
Evropská komise zařadila ChatGPT, Reddit a Roblox mezi velmi velké platformy podle DSA. Musí do čtyř měsíců splnit přísnější povinnosti kvůli rizikům obsahu, nezletilých a veřejné bezpečnosti.
The European Commission on Monday said ChatGPT, Reddit and Roblox will need to adhere to the EU regulations for very large online platforms and search engines.
The services have declared that they reach at least 45 million monthly users in the EU.
This qualifies them for the "very large" designation under the bloc's Digital Services Act, the Commission said.
ChatGPT, Reddit and Roblox have four months to comply with additional obligations following their designation.
This includes assessing and mitigating risks of illegal content being disseminated through their platforms.
They also need to mitigate the negative effects on minors, and on the physical and mental wellbeing of users.
Very large platforms and search engines also need to limit risks for fundamental rights, electoral processes and public security.
The Commission can supervise compliance with the DSA and will get investigative powers to assess functionalities behind the services.
AI-system ChatGPT qualifies as an online search engine under the DSA.
Gaming platform Roblox and discussion-based platform Reddit qualify as online platforms, as they enable users to disseminate third-party content to the public.
Snap klesá o 7 % poté, co Pensylvánie podala žalobu kvůli dopadům aplikace Snapchat na děti. Meta je po dohodě s 29 státy v souvislosti se závislostí dětí na sociálních sítích téměř beze změny, přičemž dohoda může být až za 16,7 miliardy USD.
Pennsylvania just handed Snap a fresh lawsuit hours after the stock posted a rare gain, while Meta quietly closed a deal that could have cost it close to its entire market cap. The two prints reveal exactly how much balance…
Two separate youth-safety legal events are hitting the social media group in the same Wednesday morning session, and the market reactions are moving in opposite directions. One name is buying certainty at a price it can absorb, while the other is picking up fresh exposure with the smallest balance sheet in the group.
Snap (NYSE:SNAP | SNAP Price Prediction) stock is down 7% to $5.52 after Pennsylvania Attorney General Dave Sunday sued the company over Snapchat’s effects on children, erasing Tuesday’s 7% gain. Meanwhile, Meta Platforms (NASDAQ:META) stock is down 0.4% to $567.70 after agreeing to settle a 29-state teen social media addiction case for up to $16.7 billion, ending a trial in its second week.
For sector context, the Invesco QQQ Trust (NASDAQ:QQQ) ETF is up 0.1% to $711.63, so the selling looks Snap-specific rather than a broad technology-sector move. Alphabet (NASDAQ:GOOGL) is a covered co-defendant in the remaining teen social media cases, with no same-day price move available.
Pennsylvania Sues Snap While Meta Settles With 29 States Pennsylvania’s attorney general filed suit Tuesday evening alleging Snapchat is designed for compulsive use by minors and that its disappearing-message design puts children at risk. The filing was reported by CBS News, The Hill, and NBC10 Philadelphia. Snap hasn’t been found liable of anything at this stage.
Meta agreed to settle claims from state attorneys general who had alleged the company deliberately designed Facebook and Instagram to addict teens, with the states citing violations of state consumer protection laws and the federal Children’s Online Privacy Protection Act. Bloomberg reported that Meta’s own calculations put a potential trial loss at as much as $1.4 trillion in penalties, an amount close to its market capitalization. That framing helps explain why the settlement reads as manageable risk removal for Meta Platforms.
Collectively, Meta, Alphabet’s Google, Snap, and TikTok face more than 3,000 personal injury claims from individuals and families and roughly 1,300 lawsuits from public school districts, per Bloomberg. Two other teen cases naming Meta, Google, and Snap remain scheduled for October trials, so Alphabet and Snap keep meaningful docket exposure even after Wednesday’s headline.
Small-Cap Snap Wears the Bigger Proportional Burden Snap stock trades in the low single digits, so small dollar swings translate into outsized percentage moves, which is part of why Snap is the loudest name in the group today. Snap is also by far the smallest company in the cohort, which makes any settlement benchmark set by Meta a heavier proportional burden on its balance sheet.
Meta Platforms is absorbing a much larger nominal figure without materially denting its share price. The mega-cap has the cash flow and revenue base to price in known legal overhangs, book the charge, and move on. The two prints together capture why size and cash generation matter when youth-safety cases move from filing to resolution.
Alphabet sits in the middle of that spectrum on scale, and Google’s inclusion in the remaining October cases keeps it in the same regulatory conversation as Snap. Without a same-day tape reaction for Alphabet stock, however, Wednesday’s asymmetry is fully expressed in the Snap and Meta prints.
Scorecard and What Comes Next Snap stock had rallied 7% in Tuesday’s session before the Pennsylvania headline surfaced, so today’s 8% drop wipes out that pop and pushes the stock back into familiar territory. Meta Platforms stock was down 13% year to date through Tuesday’s close, and the muted reaction to a headline settlement suggests the market had already partially discounted a resolution.
The QQQ ETF’s 0.1% move confirms that Wednesday’s action reads as a single-name story with no sector rotation behind it. Alphabet’s role as a remaining co-defendant is worth tracking, though without a same-day print for Alphabet stock, there’s nothing to score for it today.
Investors can watch for whether Snap files a substantive response to the Pennsylvania complaint in the coming days. Additional state attorneys general could follow Pennsylvania’s lead in the wake of the Meta settlement.
Given Snap’s small balance sheet relative to potential legal exposure, moderating their positions on this name is the more defensive posture until the October trial calendar clarifies. Meta Platforms has bought a large piece of certainty, and holders can size their exposure to the reduced overhang, while Snap stockholders may prefer to keep their risk budget tight.
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NXP Semiconductors za poslední měsíc po zveřejnění výsledků oslabil o 7,4 %, i když tržby ve 2. čtvrtletí vzrostly o 19,5 % na 3,50 miliardy USD a zisk na akcii překonal odhady.
It has been about a month since the last earnings report for NXP Semiconductors (NXPI - Free Report) . Shares have lost about 7.4% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is NXP due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for NXP Semiconductors N.V. before we dive into how investors and analysts have reacted as of late.
NXP Semiconductors Q2 Earnings Beat Estimates, Revenues Rise Y/YNXP Semiconductors N.V. reported better-than-expected second-quarter 2026 results, driven by broad-based strength across its end markets, accelerating adoption of software-defined vehicles, industrial processing solutions and growing demand from AI data center infrastructure.
The company’s second-quarter non-GAAP earnings of $3.61 per share increased 32.7% year over year and surpassed the Zacks Consensus Estimate of $3.54 by 1.98%.
Revenues increased 19.5% year over year to $3.50 billion, topping the consensus estimate by 0.8%.
NXPI's End Markets Deliver Broad-Based GrowthAutomotive remained NXPI's largest business, generating $1.94 billion in revenues, up 12% year over year. Growth was fueled by continued momentum in software-defined vehicles, electrification and connectivity, with accelerating design wins for the S32 processor family and next-generation Ethernet switches.
Industrial & IoT revenues rose 38% year over year to $755 million, benefiting from strong adoption of i.MX, RT and MCX processing platforms across factory automation and industrial applications.
Communication Infrastructure & Other revenues climbed 41% year over year to $452 million, supported by increasing data center networking demand and continued ramp-ups of UCODE RFID products.
Mobile revenues totaled $351 million, up 6% year over year, reflecting stable demand for secure mobile transaction solutions despite normal seasonal trends.
NXPI’s AI, Data Center Businesses Gain MomentumManagement highlighted AI as an increasingly important long-term growth driver, noting that AI workloads are moving beyond cloud infrastructure into vehicles, factories and robotics markets where NXP already maintains leadership positions.
The company reiterated that its 2026 data center revenues are expected to exceed $500 million compared with roughly $200 million in 2025. Growth is being driven by demand for control-plane processors, networking, rack management, cooling, power management and security applications used in hyperscale AI infrastructure.
NXPI’s Profitability ImprovesNon-GAAP gross profit increased to $2.03 billion, while non-GAAP gross margin expanded 150 basis points year over year to 58.0%. Non-GAAP operating income rose 31% year over year to $1.23 billion, with operating margin improving 310 basis points to 35.1%, reflecting favorable product mix and higher operating leverage.
NXPI’s Strong Cash Generation Supports Shareholder ReturnsNXP generated $860 million in operating cash flow during the quarter. Net capital expenditures totaled $69 million, resulting in non-GAAP free cash flow of $791 million, representing 22.6% of revenues.
The company returned $360 million to shareholders during the quarter through $256 million in dividends and $104 million in share repurchases. Following quarter-end, NXP repurchased an additional $32 million of shares under its 10b5-1 program. The company also repaid $750 million of senior unsecured notes using available cash.
NXPI Guides Strong Third QuarterFor the third quarter of 2026, NXP expects revenues between $3.65 billion and $3.85 billion. At the midpoint, revenues of $3.75 billion imply 7% sequential growth and 18% year-over-year growth.
The company projects non-GAAP gross margin of 58.5% at the midpoint, and non-GAAP earnings per share of $4.11, indicating continued operating leverage as demand strengthens across its key markets.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates revision.
VGM ScoresAt this time, NXP has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. Following the exact same course, the stock has a score of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, NXP has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerNXP belongs to the Zacks Semiconductor - Analog and Mixed industry. Another stock from the same industry, MaxLinear (MXL - Free Report) , has gained 10% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.
MaxLinear reported revenues of $168.85 million in the last reported quarter, representing a year-over-year change of +55.2%. EPS of $0.35 for the same period compares with $0.02 a year ago.
MaxLinear is expected to post earnings of $0.56 per share for the current quarter, representing a year-over-year change of +300%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for MaxLinear. Also, the stock has a VGM Score of C.
EINDHOVEN, The Netherlands, Aug. 28, 2026 (GLOBE NEWSWIRE) -- As part of its ongoing capital return program, NXP Semiconductors N.V. (NASDAQ: NXPI) today announced that its board of directors has approved the payment of an interim dividend. The actions are based on the continued and significant strength of the NXP capital structure, and the board’s confidence in the company’s ability to drive long-term growth and strong cash flow.
The board of directors has approved the payment of an interim dividend of $1.014 per ordinary share for the third quarter of 2026. The interim dividend will be paid in cash on October 8, 2026, to shareholders of record as of September 16, 2026.
Taxation – Cash Dividends
Cash dividends will be subject to the deduction of Dutch dividend withholding tax at the rate of 15 percent, which may be reduced in certain circumstances. Non-Dutch resident shareholders, depending on their circumstances, may be entitled to a full or partial refund of Dutch dividend withholding tax. If you are uncertain as to the tax treatment of any dividends, consult your tax advisor.
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI) is the trusted partner for innovative solutions in the automotive, industrial & IoT, mobile, and communications infrastructure markets. NXP's "Brighter Together" approach combines leading-edge technology with pioneering people to develop system solutions that make the connected world better, safer, and more secure. The company has operations in more than 30 countries and posted revenue of $12.27 billion in 2025. Find out more at www.nxp.com.
Forward-looking Statements
This document includes forward-looking statements which include statements regarding NXP’s business strategy, financial condition, results of operations, market data, as well as any other statements which are not historical facts. By their nature, forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. These factors, risks and uncertainties include the following: market demand and semiconductor industry conditions; our ability to successfully introduce new technologies and products; the demand for the goods into which NXP’s products are incorporated; global trade disputes, potential increase of barriers to international trade, including the imposition of new or increased tariffs, and resulting disruptions to our established supply chains; the impact of government actions and regulations, including as a result of executive orders, including restrictions on the export of products and technology; increasing and evolving cybersecurity threats and privacy risks; our ability to accurately estimate demand and match our production capacity accordingly or obtain supplies from third-party producers; our access to production capacity from third-party outsourcing partners, and any events that might affect their business or our relationship with them; our ability to secure adequate and timely supply of equipment and materials from suppliers; our ability to avoid operational problems and product defects and, if such issues were to arise, to correct them quickly; our ability to form strategic partnerships and joint ventures and to successfully cooperate with our strategic alliance partners; our ability to win competitive bid selection processes; our ability to develop products for use in customers’ equipment and products; our ability to successfully hire and retain key management and senior product engineers; global hostilities, including the invasion of Ukraine by Russia and resulting regional instability, sanctions and any other retaliatory measures taken against Russia and the continued hostilities and the armed conflict in the Middle East, which could adversely impact the global supply chain, disrupt our operations or negatively impact the demand for our products in our primary end markets; our ability to maintain good relationships with our suppliers; our ability to integrate acquired businesses in an efficient and effective manner; our ability to generate sufficient cash, raise sufficient capital or refinance corporate debt at or before maturity to meet both NXP's debt service and research and development and capital investment requirements; and a change in tax laws could have an effect on our estimated effective tax rates. In addition, this document contains information concerning the semiconductor industry, our end markets and business generally, which is forward-looking in nature and is based on a variety of assumptions regarding the ways in which the semiconductor industry, our end markets and business will develop. NXP has based these assumptions on information currently available, if any one or more of these assumptions turn out to be incorrect, actual results may differ from those predicted. While NXP does not know what impact any such differences may have on its business, if there are such differences, its future results of operations and its financial condition could be materially adversely affected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak to results only as of the date the statements were made. Except for any ongoing obligation to disclose material information as required by the United States federal securities laws, NXP does not have any intention or obligation to publicly update or revise any forward-looking statements after we distribute this document, whether to reflect any future events or circumstances or otherwise. For a discussion of potential risks and uncertainties, please refer to the risk factors listed in our SEC filings. Copies of our SEC filings are available on our Investor Relations website, www.nxp.com/investor or from the SEC website, www.sec.gov.
V.F. ve čtvrtletí nesplnila odhady: upravená ztráta byla 27 centů na akcii a tržby klesly o 5,2 % na 1,669 miliardy USD. Firma zároveň zvýšila výhled tržeb pro fiskální rok 2027 na růst 2 % a více v konstantní měně.
It has been about a month since the last earnings report for V.F. (VFC - Free Report) . Shares have lost about 8.8% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is V.F. due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent catalysts for V.F. Corporation before we dive into how investors and analysts have reacted as of late.
V.F. Corp. Q1 Earnings Miss Estimates as Vans Wholesale WeighsV.F. Corporation posted first-quarter fiscal 2027 results, wherein the top and bottom lines missed the Zacks Consensus Estimate and declined year over year.
The company reported an adjusted loss of 27 cents per share for first-quarter fiscal 2027, wider than the year-ago loss of 25 cents. The figure also lagged the Zacks Consensus Estimate of a 22-cent loss.
Revenues declined 5.2% year over year to $1.669 billion and missed the consensus mark of $1.674 billion. Excluding Dickies, revenues rose 1% on a reported basis, supported by growth at The North Face, Timberland and Altra.
V.F. Corp.’s Q1 Revenue DetailsOn a regional basis, revenues in the Americas declined 4% year over year on a reported basis. EMEA revenues fell 7% as reported and 9% in constant currency. APAC revenues decreased 3% on a reported basis and 6% in constant currency. Overall, international revenues declined 4% year over year as reported and 7% in constant currency.
By channel, wholesale revenues fell 10% on a reported basis. Direct-to-consumer revenues were up 2% year over year on a reported basis and 1% on a constant-currency basis.
Revenues in the Outdoor segment improved 5% year over year on a reported basis (up 4% on a constant-currency basis) to $857 million. In the Active segment, revenues of $667 million declined 5% year over year on a reported basis and 6% on a constant-currency basis. Revenues in the All Other segment fell 42% year over year on a reported basis (down 42% on a constant-currency basis) to $145 million.
VF Corp.’s Gross Margin ExpandsThe company’s reported gross margin increased 100 basis points year over year to 54.9%. Adjusted gross margin excluding Dickies improved 10 basis points to 54.9%, indicating modest underlying progress after removing the divested brand’s prior-year contribution.
Reported selling, general and administrative expenses were $1 billion, representing 59.9% of revenues. Adjusted expenses were $1.012 billion, or 60.6% of revenues.
Financial Details of VFCV.F. Corp. ended the fiscal first quarter with cash and cash equivalents of $670 million, long-term debt of $3 billion and shareholders’ equity of $1.76 billion. Net debt was down $1.1 billion from the year-ago period.
What to Expect From VFC in FY27?VFC raised its fiscal 2027 revenue outlook to growth of 2% or better in constant currency from the prior guidance of 1-2%. The projection reflects expected growth at The North Face, Timberland and Altra, partly offset by a mid-single-digit decline at Vans, with Vans’ second-half revenues expected to improve to a decline of 2% or better year over year.
The company maintained its adjusted operating margin forecast of approximately 8%, supported by a higher adjusted gross margin and a lower adjusted SG&A rate. Free cash flow is still expected to be flat to higher than fiscal 2026’s $405 million, aided by year-over-year growth in operating cash flow. VFC anticipates ending fiscal 2027 with a leverage ratio of roughly 2.6x to 2.9x.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in estimates review.
The consensus estimate has shifted -6.54% due to these changes.
VGM ScoresAt this time, V.F. has a average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for value investors.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, V.F. has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Nucor za poslední měsíc po výsledcích oslabil o 6,8 %, i když ve 2. čtvrtletí překonal odhady zisku i tržeb. Firma navíc čeká ve 3. čtvrtletí vyšší konsolidovaný zisk.
It has been about a month since the last earnings report for Nucor (NUE - Free Report) . Shares have lost about 6.8% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Nucor due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts.
Nucor's Q2 Earnings and Revenues Surpass Estimates on Higher PricesNucor reported adjusted earnings of $4.84 per share for the second quarter of 2026. The figure beat the Zacks Consensus Estimate of $4.57. On a reported basis, earnings were $5.04 per share, up from $2.60 in the year-ago quarter.
The company recorded net sales of roughly $10.4 billion, up 23% year over year. The figure beat the Zacks Consensus Estimate of roughly $10.06 billion.
Operating FiguresTotal sales tons to outside customers for steel mills in the second quarter were 5,659,000 tons, up 12% year over year and 1% sequentially. The figure surpassed our estimate of 5,621,000 tons.
Total sales tons to external customers increased 12% year over year to 7,605,000 tons. The external average sales price per ton rose 10% to $1,367. Overall operating rates at the company’s steel mills were 91%, up from 85% in the second quarter of 2025 and 86% in the first quarter of 2026.
Segment HighlightsIn the reported quarter, the Steel Mills segment posted earnings of $1.56 billion, up 84.6% from $843 million in the year-ago quarter. The improvement reflected higher average selling prices and volumes, along with a $130 million reduction in cost of products sold related to refunds for prior-period raw material procurement costs.
The Steel Products segment earned $353 million, down 9.9% from $392 million a year earlier. However, earnings improved sequentially on increased volumes and stable average realized pricing.
The Raw Materials segment delivered earnings of $146 million, up 156.1% from $57 million in the prior-year quarter, primarily due to higher average selling prices and shipments.
Financial PositionCash and cash equivalents were roughly $2.48 billion at the end of the quarter, up from $1.95 billion a year earlier. Including short-term investments, Nucor had around $2.69 billion in liquidity on hand. Long-term debt and finance lease obligations due after one year were roughly $6.39 billion at quarter-end, down from $6.91 billion at the end of 2025.
During the second quarter, Nucor repurchased approximately 1.53 million shares at an average price of $228.76 per share.
OutlookThe company expects higher consolidated reported earnings in the third quarter of 2026. Steel Mills segment earnings are projected to increase on higher realized pricing across all major product categories, with volumes expected to remain stable. Steel Products segment earnings are anticipated to improve on higher volumes and realized pricing. However, Raw Materials segment earnings are expected to decline due to lower margins.
How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended upward during the past month.
The consensus estimate has shifted 7.79% due to these changes.
VGM ScoresAt this time, Nucor has a great Growth Score of A, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of B on the value side, putting it in the top 40% for value investors.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, Nucor has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
S&P Global ve 2. čtvrtletí zvýšil upravený zisk na akcii na 4,83 USD a tržby na 3,68 miliardy USD, obojí nad odhady. Firma zároveň očekává v roce 2026 růst tržeb o 5,9–7,9 % bez Mobility.
It has been about a month since the last earnings report for S&P Global (SPGI - Free Report) . Shares have added about 4% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is S&P Global due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for S&P Global Inc. before we dive into how investors and analysts have reacted as of late.
S&P Global Beats on Q2 EarningsS&P Global reported impressive -quarter 2026 results, with both earnings and revenues beating the Zacks Consensus Estimate.
The company's second-quarter 2026 adjusted earnings were $4.83 per share, rising 23% year over year and beating the Zacks Consensus Estimate of $4.49 by 7.6%. Pro-forma revenues of $3.68 billion increased 11% and surpassed the consensus mark of $3.64 billion by 0.8%.
The performance was led by record results in Ratings and Indices. Global rated issuance strengthened sharply, with volumes rising 26% in the United States, 12% in Europe and 49% in Asia.
SPGI's Ratings Business Sets the PaceRatings revenues increased 17% year over year to $1.34 billion. Transaction revenues climbed 25% to $746 million, driven by higher debt-rating activity, while non-transaction revenues rose 8% to $593 million.
Adjusted operating profit advanced 22% to $917 million. The adjusted operating margin expanded 310 basis points to 68.5%, as revenue growth outpaced a 6% increase in adjusted expenses. Higher compensation and continued investments in strategic initiatives contributed to the expense increase.
S&P Global's Indices Extend Strong GrowthIndices revenues jumped 20% year over year to $534 million. Growth reflected higher asset-linked fees, supported by increased assets under management and strong trading volumes in exchange-traded derivatives.
Asset-linked fees rose 22% to $348 million, while sales usage-based royalties also increased 22% to $99 million. Adjusted operating profit grew 21% to $382 million, and the adjusted operating margin improved 90 basis points to 71.5%.
Recurring revenues represented 81.5% of segment revenues compared with 81.9% a year earlier. Adjusted expenses increased 16% due primarily to strategic growth investments and higher compensation costs.
SPGI's Energy Growth Remains MeasuredAdjusted Energy revenues were $623 million, up 3% year over year. Mid-single-digit growth in Platts, supported by demand for price assessments, was partly offset by muted Global Trading Services volumes and comparatively slower growth in CERA.
Recurring revenues accounted for 91.2% of the division’s total, increasing 90 basis points from the prior-year quarter. Adjusted operating profit rose 4% to $296 million, while the adjusted operating margin expanded 70 basis points to 47.5%.
Adjusted expenses increased 1%. Higher compensation and investments in growth initiatives were partly offset by productivity measures, helping profit growth remain ahead of the segment’s top-line increase.
S&P Global's Market Intelligence Margin RisesAdjusted Market Intelligence revenues increased 6% to $1.24 billion. High-single-digit growth in Kensho Data & Platforms, including contributions from With Intelligence, supported the results. Enterprise Solutions delivered low-single-digit growth, including the impacts of the Enterprise Data Management and thinkFolio divestitures.
Recurring revenues represented 97% of the segment’s total, up 20 basis points. Adjusted operating profit climbed 10% to $445 million, and the adjusted operating margin expanded 120 basis points to 36%.
Adjusted expenses increased 4%, reflecting With Intelligence costs and higher compensation. The divestitures and productivity savings partly offset those pressures.
SPGI's Profitability & Cash Flow StrengthenPro-forma non-GAAP adjusted operating profit increased 15% year over year to $2 billion. Adjusted expenses rose 6% to $1.68 billion, allowing the adjusted operating margin to expand 200 basis points to 54.3%.
Adjusted net income increased 19% to $1.43 billion. The adjusted effective tax rate declined to 19.8% from 23.3%, while a 3% reduction in diluted shares outstanding also supported per-share growth. Currency added 3 cents to adjusted earnings.
Cash provided by operating activities was $1.44 billion. The adjusted free cash flow, excluding certain items, totaled $1.37 billion, up 1%. The company paid out $287 million in dividends during the quarter.
S&P Global's Capital Returns Remain ActiveSPGI repurchased $500 million in shares in the second quarter, bringing year-to-date repurchases to $1.5 billion. Management expects total 2026 share repurchases to exceed $7 billion following the Mobility separation.
Cash, cash equivalents and restricted cash stood at $4.14 billion at the quarter-end. Short- and long-term debt, excluding $2 billion in bonds transferred to Mobility Global, was $13.17 billion. Adjusted net debt was 1.9 times adjusted EBITDA.
SPGI's Outlook Reflects Post-Spin Business MixS&P Global expects 2026 year-over-year reported revenue growth of 5.9-7.9% excluding Mobility, while the preceding quarter’s Mobility-included figure was 6.3-8.3%. Organic constant-currency revenue growth is projected at 6-8%, with adjusted operating margin expansion of 35-60 basis points (bps) while the first quarter 2026 (Mobility included) view was 10-35 bps.
Adjusted diluted earnings are expected to be between $17.5 and $17.75, while the preceding quarter’s (Mobility included) view was $19.4-$19.65. The company projects adjusted corporate unallocated expenses are expected to be $185-$195 million. The preceding quarter’s (Mobility included) view was $220-$230 million.
Management reduced net interest expense expectations to $390-$410 million from the $405-$415 million (Mobility included) reported in the preceding quarter. Capital expenditure of $190-$210 million is lowered from the preceding quarter’s (Mobility included) $215-$225 million.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in estimates revision.
The consensus estimate has shifted -6.25% due to these changes.
VGM ScoresAt this time, S&P Global has a subpar Growth Score of D, a score with the same score on the momentum front. Following the exact same course, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise S&P Global has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.
Performance of an Industry PlayerS&P Global is part of the Zacks Securities and Exchanges industry. Over the past month, Nasdaq (NDAQ - Free Report) , a stock from the same industry, has gained 4.1%. The company reported its results for the quarter ended June 2026 more than a month ago.
Nasdaq reported revenues of $1.5 billion in the last reported quarter, representing a year-over-year change of +14.9%. EPS of $1.07 for the same period compares with $0.85 a year ago.
For the current quarter, Nasdaq is expected to post earnings of $1.02 per share, indicating a change of +15.9% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.4% over the last 30 days.
Nasdaq has a Zacks Rank #2 (Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of F.
Pershing Square ve 2. čtvrtletí nakoupil Visa, Mastercard a S&P Global za zhruba 3,3 miliardy USD. Tři pozice tvořily asi 17 % amerického akciového portfolia fondu.
Bill Ackman doesn't buy much. Pershing Square (PS +0.12%) runs one of the most concentrated portfolios in fund management (just 14 companies as of June 30), and new names show up rarely.
So a quarter in which the fund opened three positions of about $1.1 billion each is unusual. That's what Pershing Square's latest 13F filing, which landed in mid-August, revealed. The fund bought Visa (V +0.51%), Mastercard (MA +0.60%), and S&P Global (SPGI +1.72%) during the second quarter -- three stakes worth about $3.3 billion at quarter-end.
And the three purchases share one trait. Each company collects a small fee on transactions it doesn't originate, fund, or take risk on.
Together, the trio accounted for about 17% of Pershing Square's $19.5 billion U.S. stock portfolio. At quarter-end, that was a bigger allocation than any single position Ackman held, and it's the most telling thing in the filing, in my view.
Image source: Getty Images.
A $3.3 billion clusterThe sizing looks deliberate. Visa came in at about $1.1 billion, or 5.8% of the portfolio. Mastercard was about $1.1 billion, at 5.6%. And S&P Global was about $1.1 billion, or 5.4%.
The filing also shows Pershing Square sold out of Alphabet, a smaller position worth about $99 million at the end of March.
It also reported roughly a quarter fewer Amazon shares than it held three months earlier, though Amazon remains a top-five holding even after the trim. And the fund returned to Netflix with a stake of about $934 million, four years after selling its previous position.
For scale, the largest single holding in the filing, Uber Technologies, represented about 13% of the portfolio. The new trio, taken together, was bigger.
None of them takes the credit riskVisa and Mastercard run the rails that move money between a shopper's bank and a merchant's bank, and they keep a small fee from nearly every swipe. Capturing the sheer scale of those rails, Visa processed 71.7 billion individual transactions in its fiscal third quarter (the period ended June 30), up 10% year over year, with payments volume growing 10% on a constant-dollar basis. All of that swiping converted into $11.6 billion of net revenue, up 14%, at an operating margin near 60%. And Mastercard's second-quarter gross dollar volume rose 8% on a local-currency basis to $2.9 trillion, with net revenue also up 14%.
Notably, neither company carries the loans behind those purchases. The banks that issue the cards take the credit losses. The networks collect their fee either way.
Premium Feature
Moneyball Superscore
87/100
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0.51
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$
381.60
S&P Global runs the same model on different rails. When a company issues debt, it pays S&P for a credit rating -- a toll on somebody else's borrowing. S&P Global's ratings revenue rose 17% year over year in the second quarter, to $1.34 billion, with the transaction piece (fees for rating newly issued debt and bank loans) up 25%. And when investors buy index funds, the fund managers pay licensing fees, too. The company's indices revenue rose 20% during the quarter, including 22% growth in fees tied to the assets sitting in funds that track its indexes.
In other words, all three get paid on activity they don't have to create. The volume comes from everyone else.
Premium Feature
Moneyball Superscore
80/100
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1.72
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7.50
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The bet is durability, not priceThe through-line, arguably, is staying power. Fee collectors like these grow with total spending, borrowing, and investing rather than with any single product cycle, and they do it with little capital at risk. A recession can slow the volumes. It's much harder to stop using the networks entirely. And the model throws off cash: Visa alone returned $6.2 billion to shareholders through buybacks and dividends last quarter.
Of course, durability like that rarely comes cheap. Visa trades within about 1% of its 52-week high as of this writing, at a forward price-to-earnings ratio of about 26.
That's a premium price for a business the market already knows is excellent, and a starting valuation like that could cap near-term returns. The same goes for Mastercard. S&P Global is the exception, trading about 20% below its own 52-week high.
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Moneyball Superscore
89/100
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595.30
Sure, none of the three is a bargain. But I don't think Ackman was hunting for bargains.
About a sixth of the portfolio ended the quarter in companies that get paid no matter which bank, borrower, or fund manager comes out ahead. After all, that fee gets collected in good markets and bad. I find it easy to see why he wanted all three at once.
Beacon Pointe Advisors LLC ve 2. čtvrtletí koupila nový podíl v S&P Global za zhruba 9,5 milionu USD. Firma zároveň oznámila čtvrtletní dividendu ve výši 0,97 USD na akcii.
Beacon Pointe Advisors LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 23,340 shares of the business services provider’s stock, valued at approximately $9,505,000.
Several other large investors have also recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of S&P Global during the 2nd quarter worth $834,000. Rakuten Investment Management Inc. acquired a new position in shares of S&P Global during the 2nd quarter worth $20,260,000. Glenview Trust Co purchased a new position in shares of S&P Global in the 2nd quarter valued at about $5,721,000. North Star Asset Management Inc. purchased a new position in shares of S&P Global in the 2nd quarter valued at about $6,790,000. Finally, Empowered Funds LLC acquired a new stake in shares of S&P Global in the second quarter valued at about $13,927,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.
Analyst Ratings Changes Several research analysts have weighed in on the stock. Bank of America lowered their target price on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Wall Street Zen upgraded shares of S&P Global to a “hold” rating in a research report on Saturday, July 4th. Morgan Stanley decreased their price target on S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. JPMorgan Chase & Co. lowered their price target on S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Finally, Barclays dropped their price objective on S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Eighteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $523.59.
Read Our Latest Stock Report on S&P Global S&P Global Stock Up 1.7% Shares of S&P Global stock opened at $442.62 on Friday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $552.25. The stock has a market cap of $130.48 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average price of $424.57 and a 200 day moving average price of $424.29.
S&P Global (NYSE:SPGI – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating the consensus estimate of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the company posted $4.43 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.
S&P Global Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s payout ratio is 23.69%.
S&P Global Company Profile (Free Report)
S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.
S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.
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ADP ve 4. fiskálním čtvrtletí překonal odhady: upravený zisk na akcii činil 2,64 USD a tržby 5,47 miliardy USD. Pro fiskální rok 2027 čeká růst konsolidovaných tržeb o 5–6 %.
A month has gone by since the last earnings report for Automatic Data Processing (ADP - Free Report) . Shares have added about 7.9% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is ADP due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers.
ADP's Q4 Earnings Beat EstimatesADP has reported fourth-quarter fiscal 2026 adjusted earnings of $2.64 per share, beating the Zacks Consensus Estimate of $2.59 by 1.9%. The metric increased 17% from the year-ago quarter.
Revenues of $5.47 billion surpassed the consensus mark of $5.42 billion by 0.9% and rose 7% year over year. Results benefited from broad-based segment growth, stronger client funds income and operating productivity. Employer Services client retention remained strong at 92.1% for the year.
ADP Posts Broad-Based Revenue GrowthEmployer Services revenues increased 7% year over year to $3.7 billion in the quarter. Organic constant-currency growth was 6%, while U.S. pays per control increased 1%.
The segment also benefited from an 8% increase in average client funds balances. The average yield on those balances rose to 3.5% from 3.2% in the prior-year period, supporting higher interest-related revenues.
Automatic Data Processing Expands Employer MarginEmployer Services’ margin improved 90 basis points to 34.4%. Management attributed the increase to operating productivity gains and the contribution from higher client funds interest revenues.
For fiscal 2026, Employer Services business bookings increased 6% to $2.2 billion. Client satisfaction scores reached record highs, while the number of clients live on ADP Lyric HCM increased 94%.
ADP's PEO Revenues Rise as Margin ContractsPEO Services revenues advanced 7% year over year to $1.78 billion. Revenues excluding zero-margin benefits pass-throughs increased 5%, while average worksite employees rose 2% to about 775,000.
The segment margin fell 100 basis points to 12.2%. Faster growth in zero-margin pass-through revenues, along with higher workers' compensation and selling expenses, weighed on profitability.
Automatic Data Processing Lifts Adjusted ProfitAdjusted EBIT increased 13% year over year to $1.37 billion. The adjusted EBIT margin expanded 140 basis points to 25.1%, showing that ADP converted its revenue growth into stronger operating leverage.
Adjusted net earnings rose 14% to $1.05 billion. On a GAAP basis, net earnings increased 7% to $978.6 million, while earnings per share rose 10% to $2.45.
ADP Sees Stronger Client Funds ContributionInterest on funds held for clients increased 15% year over year to $355.4 million. The net impact from the client funds strategy rose 24% to $355.5 million, reflecting higher portfolio income and a more favorable financing spread.
For fiscal 2026, average client funds balances were $40.4 billion, up 7% year over year. The average portfolio yield increased 20 basis points to 3.4%, while total client funds interest revenues reached $1.355 billion.
Automatic Data Processing Generates Solid Cash FlowADP generated $5.44 billion in operating cash flow during fiscal 2026, up from $4.94 billion a year earlier. The company used $2.08 billion for share repurchases and paid out $2.63 billion in dividends.
Cash and cash equivalents totaled $4.23 billion as of June 30, 2026. Long-term debt stood at $4.96 billion, while funds held for clients were $43.96 billion against client funds obligations of $44.42 billion.
Automatic Data Processing Targets Higher Fund IncomeADP expects client funds interest revenues of $1.54-$1.56 billion in fiscal 2027. The outlook assumes 3-4% growth in average client funds balances and an average portfolio yield of 3.7%.
The company also projects a total contribution of $1.55-$1.57 billion from its client funds extended investment strategy. Management said that AI tools embedded across products, services and sales are enhancing quality and productivity as ADP enters the new fiscal year.
ADP Issues FY27 Growth OutlookFor fiscal 2027, ADP expects year-over-year consolidated revenue growth of 5-6%. The adjusted EBIT margin is projected to expand 70-90 basis points, while adjusted diluted earnings per share are expected to grow 9-11%.
Employer Services revenues are forecast to rise 5-6%, with business booking growth of 4-7%. PEO Services revenues are expected to increase 5-7%, while average worksite employees are projected to grow 2%.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates review.
VGM ScoresCurrently, ADP has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. Charting a somewhat similar path, the stock has a score of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, ADP has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerADP is part of the Zacks Internet - Software industry. Over the past month, AppFolio (APPF - Free Report) , a stock from the same industry, has gained 31.8%. The company reported its results for the quarter ended June 2026 more than a month ago.
AppFolio reported revenues of $281.12 million in the last reported quarter, representing a year-over-year change of +19.3%. EPS of $1.71 for the same period compares with $1.38 a year ago.
AppFolio is expected to post earnings of $1.78 per share for the current quarter, representing a year-over-year change of +35.9%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.5%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for AppFolio. Also, the stock has a VGM Score of C.
Beacon Pointe Advisors koupila novou pozici v Automatic Data Processing za zhruba 16,7 milionu USD. ADP ve čtvrtletí oznámila EPS 2,64 USD a tržby 5,47 miliardy USD, obojí nad odhady.
Beacon Pointe Advisors LLC purchased a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 74,583 shares of the business services provider’s stock, valued at approximately $16,703,000.
A number of other hedge funds have also bought and sold shares of the company. Imprint Wealth LLC acquired a new position in shares of Automatic Data Processing in the 3rd quarter worth approximately $25,000. Cornerstone Financial Management LLC bought a new stake in shares of Automatic Data Processing in the 4th quarter valued at approximately $26,000. Bard Associates Inc. acquired a new stake in shares of Automatic Data Processing during the 4th quarter valued at approximately $28,000. Whipplewood Advisors LLC raised its position in shares of Automatic Data Processing by 2,740.0% during the 1st quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 137 shares in the last quarter. Finally, Prosperity Bancshares Inc bought a new position in Automatic Data Processing during the fourth quarter worth $33,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.
Automatic Data Processing Stock Performance ADP opened at $287.48 on Friday. The business has a 50 day moving average price of $256.03 and a two-hundred day moving average price of $227.97. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $114.20 billion, a price-to-earnings ratio of 26.28 and a beta of 0.81. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $305.31.
Automatic Data Processing (NASDAQ:ADP – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The business services provider reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.05. Automatic Data Processing had a return on equity of 71.34% and a net margin of 20.11%.The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same period last year, the firm earned $2.26 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. Research analysts predict that Automatic Data Processing, Inc. will post 12.26 EPS for the current fiscal year. Automatic Data Processing Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, September 11th. Automatic Data Processing’s payout ratio is presently 62.16%.
Wall Street Analyst Weigh In A number of equities analysts have commented on the stock. Cantor Fitzgerald lifted their price objective on shares of Automatic Data Processing from $295.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Wells Fargo & Company increased their target price on shares of Automatic Data Processing from $248.00 to $283.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Morgan Stanley raised their price target on shares of Automatic Data Processing from $240.00 to $286.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Guggenheim boosted their price objective on shares of Automatic Data Processing from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, UBS Group increased their price objective on shares of Automatic Data Processing from $260.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $273.50.
View Our Latest Stock Report on Automatic Data Processing
Insider Transactions at Automatic Data Processing In other news, VP Brian L. Michaud sold 120 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $279.70, for a total transaction of $33,564.00. Following the completion of the transaction, the vice president owned 18,442 shares in the company, valued at approximately $5,158,227.40. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP David Kwon sold 2,414 shares of Automatic Data Processing stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $265.62, for a total transaction of $641,206.68. Following the completion of the transaction, the vice president directly owned 9,660 shares in the company, valued at $2,565,889.20. This represents a 19.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 3,332 shares of company stock worth $898,211. 0.20% of the stock is owned by corporate insiders.
(Free Report)
Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.
ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.
Read More Five stocks we like better than Automatic Data Processing 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude? Okta Stock Surges 29%—Is $200 the Next Stop? Want to see what other hedge funds are holding ADP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report).
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Strategy (MSTR) ve čtvrtek vzrostla o více než 12 %, protože Bitcoin překonal hranici 80 000 USD. Firma je díky svým rozsáhlým bitcoinovým držbám vnímána jako páková sázka na kryptoměnu.
Strategy Inc. MSTR (formerly known as Microstrategy) shares rose more than 12% on Thursday as Bitcoin broke above the $80,000 level, lifting investor sentiment toward the company, which is often viewed as a leveraged equity proxy for the cryptocurrency because of its large Bitcoin holdings.
The Nasdaq Composite was up 1.5%, while the S&P 500 gained 0.81%.
Strategy's rally came despite mixed signals from Wall Street, with Bernstein lowering its price target while Canaccord raised its target.
Bernstein reduced its price target for Strategy to $350 from $450 while maintaining an Outperform rating.
The brokerage attributed the reduction to an updated Bitcoin cycle timeline and faster-than-expected equity dilution from share sales.
Bernstein remains bullish on Bitcoin over the longer term.
The firm expects the cryptocurrency to reach $150,000 by mid-2027 and around $300,000 at the peak of its next cycle in 2029.
Its bull-case scenario sees Bitcoin reaching $500,000 by 2029.
The analysts, led by Gautam Chhugani, said rising sovereign debt and higher interest expenses could increase pressure on governments and potentially encourage currency debasement.
They argued that such a backdrop could benefit scarce assets such as Bitcoin.
Bernstein's outlook also points to broader adoption.
The analysts cited institutional and retail access, spot Bitcoin ETFs and corporate treasury purchases as factors supporting the cryptocurrency's role as a potential hard asset.
Strategy currently holds 840,447 Bitcoin, representing roughly 4% of the cryptocurrency's total supply.
Bernstein said the company's strengthened balance sheet provides about 3.9 years of cash coverage for annual interest and preferred dividend obligations.
The analysts also said continued Bitcoin strength and a recovery in Strategy's STRC preferred stock toward $100 could allow the company to resume Bitcoin purchases more aggressively.
The broader market has also shown signs of increased interest in assets linked to the so-called debasement trade.
Bloomberg Senior ETF Analyst Eric Balchunas said the “debasement trade is starting to replace AI mania,” noting that BlackRock's spot Bitcoin ETF, IBIT, and SPDR's gold ETF, GLD, had returned to the top 10 most-traded ETFs.
Bernstein said about 59% of Bitcoin's supply had not moved over the previous 12 months. The cryptocurrency had gained 28% over 10 days following an approximately 50% decline from its October 2025 peak.
While Bernstein lowered its target, Canaccord analyst Joseph Vafi raised his price target on Strategy to $175 from $130 and maintained a Buy rating.
Canaccord said the setup for Strategy shares had improved over recent weeks as company-specific and macroeconomic factors converged.
Strategy TechnicalsTechnical indicators also point to a sharp near-term recovery.
Strategy is trading above its 20-day and 50-day simple moving averages, while remaining below its 200-day average. Its relative strength index stands at 73.26, placing the stock in overbought territory.
The stock remains 2.2% below its 200-day moving average of $141.60, making that level a potential test for the longer-term trend.
The broader trend is still recovering from a death cross recorded in October 2025, while the shares remain down 59.5% over the past 12 months.
SHANGHAI, Aug. 27, 2026 (GLOBE NEWSWIRE) -- FinVolution Group (“FinVolution” or the “Company”) (NYSE: FINV), a leading fintech platform across China and overseas markets, today announced its unaudited financial results for the second quarter ended June 30, 2026.
For the Three Months Ended/As ofYoY
Change
June 30, 2025June 30, 2026Total Transaction Volume (RMB in billions)1 54.044.8-17.0%- Chinese Mainland250.841.0-19.3%- Overseas Markets33.23.818.8% Total Outstanding Loan Balance (RMB in billions)77.567.9-12.4%- Chinese Mainland475.465.4-13.3%- Overseas Markets52.12.519.0% Second Quarter 2026 Highlights
Chinese Mainland Market
Cumulative registered users reached 192.8 million as of June 30, 2026, an increase of 6.6% compared with June 30, 2025.Cumulative borrowers reached 30.1 million as of June 30, 2026, an increase of 7.9% compared with June 30, 2025.Number of unique borrowers6 for the second quarter of 2026 was 1.8 million, a decrease of 18.2% compared with the same period of 2025.Transaction volume2 was RMB41.0 billion for the second quarter of 2026, a decrease of 19.3% compared with the same period of 2025.Transaction volume facilitated for repeat individual borrowers7 for the second quarter of 2026 was RMB34.8 billion, a decrease of 20.5% compared with the same period of 2025.Outstanding loan balance4 was RMB65.4 billion as of June 30, 2026, a decrease of 13.3% compared with June 30, 2025.Average loan size was RMB10,742 for the second quarter of 2026, compared with RMB10,056 for the same period of 2025.Average loan tenure was 8.5 months for the second quarter of 2026, compared with 8.3 months for the same period of 2025.90 day+ delinquency ratio8 was 2.10% as of June 30, 2026.Net revenue9 was RMB2,396.7 million (US$353.2 million) for the second quarter of 2026, compared with RMB2,781.3 million for the same period of 2025.U.S. GAAP operating profit10 was RMB624.8 million (US$92.1 million) for the second quarter of 2026, compared with RMB913.6 million for the same period of 2025.Non-GAAP adjusted EBITDA11, which excludes depreciation and amortization and share-based compensation expenses from operating profit, was RMB641.9 million (US$94.6 million) for the second quarter of 2026, compared with RMB930.6 million for the same period of 2025. Overseas Markets
Cumulative registered users reached 61.4 million as of June 30, 2026, an increase of 43.5% compared with June 30, 2025.Cumulative borrowers reached 15.6 million as of June 30, 2026, an increase of 79.3% compared with June 30, 2025.Number of unique borrowers12 for the second quarter of 2026 was 5.3 million, an increase of 130.4% compared with the same period of 2025.Number of new borrowers13 for the second quarter of 2026 was 2.2 million, an increase of 100.0% compared with the same period of 2025.Transaction volume3 reached RMB3.8 billion for the second quarter of 2026, an increase of 18.8% compared with the same period of 2025.Outstanding loan balance5 reached RMB2.5 billion as of June 30, 2026, an increase of 19.0% compared with June 30, 2025.Net revenue14 was RMB930.3 million (US$137.1 million) for the second quarter of 2026, an increase of 18.0% compared with the same period of 2025, representing 27.3% of total revenue for the second quarter of 2026.U.S. GAAP operating profit10 was RMB53.6 million (US$7.9 million) for the second quarter of 2026, compared with RMB25.6 million for the same period of 2025.Non-GAAP adjusted EBITDA11, which excludes depreciation and amortization and share-based compensation expenses from operating profit, was RMB55.3 million (US$8.1 million) for the second quarter of 2026, compared with RMB26.6 million for the same period of 2025.
Group Financial Highlights
Net revenue was RMB3,403.2 million (US$501.6 million) for the second quarter of 2026, compared with RMB3,578.0 million for the same period of 2025.Net profit was RMB426.8 million (US$62.9 million) for the second quarter of 2026, compared with RMB751.3 million for the same period of 2025.U.S. GAAP operating profit was RMB529.2 million (US$78.0 million) for the second quarter of 2026, compared with RMB815.5 million for the same period of 2025.Non-GAAP adjusted operating profit15, which excludes share-based compensation expenses before tax, was RMB572.1 million (US$84.3 million) for the second quarter of 2026, compared with RMB854.8 million for the same period of 2025.Diluted net profit per American depositary share (“ADS”) was RMB1.80 (US$0.26) and diluted net profit per share was RMB0.36 (US$0.05) for the second quarter of 2026, compared with RMB2.82 and RMB0.56 for the same period of 2025, respectively.Non-GAAP diluted net profit per ADS was RMB1.97 (US$0.29) and non-GAAP diluted net profit per share was RMB0.39 (US$0.06) for the second quarter of 2026, compared with RMB2.97 and RMB0.59 for the same period of 2025, respectively. Each ADS of the Company represents five Class A ordinary shares of the Company. _________________________
1 Represents the total transaction volume facilitated in the Chinese Mainland and overseas markets on the Company’s platform during the period presented.
2 Represents our transaction volume facilitated in the Chinese Mainland during the period presented. During the second quarter, RMB14.4 billion was facilitated under the capital-light model, for which the Company does not bear principal risk.
3 Represents our transaction volume facilitated in Indonesia, the Philippines and Australia during the period presented.
4 Outstanding loan balance as of any date refers to the balance of outstanding loans in the Chinese Mainland market excluding loans delinquent for more than 180 days from such date. As of June 30, 2026, RMB33.4 billion was facilitated under the capital-light model, for which the Company does not bear principal risk.
5 Outstanding loan balance as of any date refers to the balance of outstanding loans in Indonesia, the Philippines and Australia excluding loans delinquent for more than 30 days from such date.
6 Represents the total number of borrowers in the Chinese Mainland who successfully borrowed on the Company’s platform during the period presented.
7 Represents the transaction volume facilitated for borrowers who had historically completed a transaction on the Company’s platform in the Chinese Mainland during the period presented.
8 “90 day+ delinquency ratio” refers to the outstanding principal balance of loans, excluding loans facilitated under the capital-light model, that were 90 to 179 calendar days past due as a percentage of the total outstanding principal balance of loans, excluding loans facilitated under the capital-light model on the Company’s platform as of a specific date. Loans that originated outside the Chinese Mainland are not included in the calculation.
9 Represents revenue from the Chinese Mainland. Prior period segment results from the Chinese Mainland have been recast to conform to the current period presentation. Please refer to the “Selected Segment Information” tables at the end of this release for a breakdown by segment for the periods presented.
10 Please refer to the “Selected Segment Information” tables at the end of this release for reconciliation between Operating Segment Profit/(Loss) and GAAP operating profit.
11 Please refer to the “Selected Segment Information” tables at the end of this release for reconciliation between GAAP operating profit and Non-GAAP adjusted EBITDA.
12 Represents the total number of borrowers in Indonesia, the Philippines and Australia who successfully borrowed on the Company’s platforms during the period presented.
13 Represents the total number of new borrowers in Indonesia, the Philippines and Australia whose transactions were facilitated on the Company’s platforms during the period presented.
14 Represents revenue from overseas markets outside the Chinese Mainland, namely Indonesia, the Philippines, and Australia. Prior period segment results from overseas markets have been recast to conform to the current period presentation. Please refer to “Selected Segment Information” for a breakdown by segment for the periods presented.
15 Please refer to “UNAUDITED Reconciliation of GAAP and Non-GAAP Results” for reconciliation between GAAP and Non-GAAP adjusted operating profit.
16 The Company has reclassified certain items within its consolidated balance sheets for the first quarter of 2026, including amounts between Loans receivable and Accounts receivable. These balance sheet reclassifications also resulted in corresponding changes in the presentation of certain items in the consolidated statements of cash flows under the indirect method. The impact of these reclassifications has been reflected in the consolidated statements of cash flows for the six months ended June 30, 2026.
Mr. Tiezheng Li, Vice Chairman and Chief Executive Officer of FinVolution, commented, "Our second quarter results reflect a growing recovery following the risk mitigation actions we took in the second half of last year, with transaction volume, net revenue, and net profit all up sequentially. Both our Chinese Mainland and Overseas segments delivered resilient performances against an evolving regulatory and macro backdrop across several of our markets, reinforcing the value of our two-engine model.
"Asset quality in the Chinese Mainland segment remained solid, supported by the healthier borrower mix we captured during this year's industry consolidation. Meanwhile, the Overseas segment continued to gain traction under our 'Local Excellence, Global Outlook+' strategy. Our unique borrower base more than doubled to 5.3 million, driving continued overall profitability across our international footprint, underscoring the growing earnings power of our diversified platform.
"As we enter the third quarter, we are navigating industry headwinds as institutional funding in China tightens at the moment coupled with an evolving risk environment. We intend to stay disciplined on origination rather than chase high-risk volume. Our dual-engine profitability, technology edge and healthy, low-leverage balance sheet give us the flexibility to manage this period while continuing to build long-term value for customers and shareholders," concluded Mr. Li.
Mr. Jiayuan Xu, Chief Financial Officer of FinVolution, continued, "Total net revenues were RMB3.4 billion for the second quarter, up 6% sequentially, and net profit was RMB426.8 million, up 1% sequentially. The Chinese Mainland segment contributed RMB2.4 billion in revenue, up 8% sequentially. Overseas segment revenue was RMB930.3 million, up 18% year over year. Overseas operating profit more than doubled to RMB53.6 million, demonstrating sustained profitability across our international footprint.
“Our balance sheet remains robust, with RMB6.4 billion in cash and short-term investments, while our leverage ratio stands at 2.1x, around historic lows. We repurchased US$27.4 million in shares during the quarter, bringing our first-half 2026 total to US$66.8 million. Despite anticipated industry headwinds in the third quarter, we are maintaining our full-year revenue outlook of RMB11.5 billion to RMB12.9 billion. We remain committed to disciplined execution and to delivering sustainable, long-term value for our shareholders," concluded Mr. Xu.
Second Quarter 2026 Financial Results
Net revenue for the second quarter of 2026 was RMB3,403.2 million (US$501.6 million), compared with RMB3,578.0 million for the same period of 2025. This decrease was primarily due to decreases in loan facilitation service fees, post-facilitation service fees and guarantee income, partially offset by increases in net interest income.
Loan facilitation service fees were RMB1,313.8 million (US$193.6 million) for the second quarter of 2026, compared with RMB1,515.3 million for the same period of 2025. The decrease was primarily due to decreases in transaction volume in the Chinese Mainland market, partially offset by the increase in transaction volume in overseas markets.
Post-facilitation service fees were RMB386.0 million (US$56.9 million) for the second quarter of 2026, compared with RMB425.6 million for the same period of 2025. This decrease was primarily due to the rolling impact of deferred transaction fees.
Guarantee income was RMB904.5 million (US$133.3 million) for the second quarter of 2026, compared with RMB1,046.6 million for the same period of 2025. This decrease was primarily due to the decrease in risk-bearing loans in the Chinese Mainland market, as well as the rolling impact of deferred guarantee income. The fair value of quality assurance commitment upon loan origination is released as guarantee income systematically over the term of the loans subject to quality assurance commitment.
Net interest income was RMB474.3 million (US$69.9 million) for the second quarter of 2026, compared with RMB272.1 million for the same period of 2025. This increase mainly resulted from the increase in the average outstanding loan balances of on-balance sheet loans in both the Chinese Mainland and overseas markets, partially offset by the decrease in interest yield in the Chinese Mainland market.
Other revenue was RMB324.6 million (US$47.8 million) for the second quarter of 2026, compared with RMB318.3 million for the same period of 2025. This increase was primarily due to the increase in the contributions from other revenue streams, including other value-added services.
Origination, servicing expenses and other costs of revenue were RMB732.9 million (US$108.0 million) for the second quarter of 2026, compared with RMB674.5 million for the same period of 2025. This increase was primarily driven by the increase in employee expenditures in both the Chinese Mainland and overseas markets, partially offset by the decrease in loan collection expenses in the Chinese Mainland market.
Sales and marketing expenses were RMB480.9 million (US$70.9 million) for the second quarter of 2026, compared with RMB606.4 million for the same period of 2025. This decrease was primarily due to improved efficiency and decreased investment in marketing activities in the Chinese Mainland market.
Research and development expenses were RMB118.9 million (US$17.5 million) for the second quarter of 2026, compared with RMB129.0 million for the same period of 2025. This decrease was primarily due to efficiency improvements in technology development.
General and administrative expenses were RMB106.3 million (US$15.7 million) for the second quarter of 2026, compared with RMB110.2 million for the same period of 2025. This decrease was primarily due to a decrease in professional services fees.
Provision for accounts receivable and contract assets was RMB97.9 million (US$14.4 million) for the second quarter of 2026, compared with RMB106.3 million for the same period of 2025. The decrease was primarily due to decreased transaction volume of off-balance sheet loans in the Chinese Mainland.
Provision for loans receivable was RMB164.4 million (US$24.2 million) for the second quarter of 2026, compared with RMB98.4 million for the same period of 2025. This increase was primarily due to the increase in the outstanding loan balance of on-balance sheet loans in the Chinese Mainland and overseas markets.
Credit losses for quality assurance commitment were RMB1,108.8 million (US$163.4 million) for the second quarter of 2026, compared with RMB987.1 million for the same period of 2025. The increase was primarily due to the increase in risk-bearing loans in the overseas markets.
Impairment of goodwill and intangible assets was RMB63.8 million (US$9.4 million) for the second quarter of 2026, compared with RMB50.4 million for the same period of 2025. The impairment of intangible assets in 2026 was primarily due to an impairment of micro-lending licenses related to a certain micro-lending company acquired by the Group in 2017, following a performance review during the quarter.
Operating profit was RMB529.2 million (US$78.0 million) for the second quarter of 2026, compared with RMB815.5 million for the same period of 2025.
Non-GAAP adjusted operating profit, which excludes share-based compensation expenses before tax, was RMB572.1 million (US$84.3 million) for the second quarter of 2026, compared with RMB854.8 million for the same period of 2025.
Other income was RMB33.9 million (US$5.0 million) for the second quarter of 2026, compared with RMB115.9 million for the same period of 2025. The decrease was mainly due to an increase in foreign exchange losses and a decrease in government subsidies.
Income tax expense was RMB116.4 million (US$17.1 million) for the second quarter of 2026, compared with RMB178.7 million for the same period of 2025. This decrease was mainly due to the decrease in pre-tax profit.
Net profit was RMB426.8 million (US$62.9 million) for the second quarter of 2026, compared with RMB751.3 million for the same period of 2025.
Net profit attributable to ordinary shareholders of the Company was RMB441.6 million (US$65.1 million) for the second quarter of 2026, compared with RMB747.0 million for the same period of 2025.
Diluted net profit per ADS was RMB1.80 (US$0.26) and diluted net profit per share was RMB0.36 (US$0.05) for the second quarter of 2026, compared with RMB2.82 and RMB0.56 for the same period of 2025, respectively.
Non-GAAP diluted net profit per ADS was RMB1.97 (US$0.29) and non-GAAP diluted net profit per share was RMB0.39 (US$0.06) for the second quarter of 2026, compared with RMB2.97 and RMB0.59 for the same period of 2025, respectively. Each ADS represents five Class A ordinary shares of the Company.
As of June 30, 2026, the Company had cash and cash equivalents of RMB3,259.4 million (US$480.4 million) and short-term investments, mainly in wealth management products and term deposits, of RMB3,162.0 million (US$466.0 million).
The following chart shows the historical cumulative 30-day plus past due delinquency rates by loan origination vintage for loan products facilitated through the Company’s platform in the Chinese Mainland as of June 30, 2026. Loans facilitated under the capital-light model, for which the Company does not bear principal risk, are excluded from the chart.
Shares Repurchase Update
For the second quarter of 2026, the Company deployed approximately US$27.4 million to repurchase its own Class A ordinary shares in the form of ADSs. As of June 30, 2026, in combination with the Company’s historical and existing share repurchase programs, the Company had cumulatively repurchased its own Class A ordinary shares in the form of ADSs with a total aggregate value of approximately US$544.1 million since 2018.
Business Outlook
Looking ahead to the third quarter, we anticipate a considerable contraction in transaction volume in China, reflecting industry headwinds as institutional funding to the industry tightens at the moment. Despite this near-term impact, underpinned by the strength of our two-engine model and disciplined execution, we reiterate the Company’s full-year 2026 total revenue guidance to be in the range of approximately RMB11.5 billion to RMB12.9 billion.
The above forecast is based on the current market conditions and reflects the Company’s current preliminary views and expectations on market and operational conditions and the regulatory and operating environment, as well as customers’ and institutional partners’ demands, all of which are subject to change.
Conference Call
The Company’s management will host an earnings conference call at 8:30 PM U.S. Eastern Time on August 27, 2026 (8:30 AM Beijing/Hong Kong Time on August 28, 2026).
Participants should complete online registration using the link provided below at least 15 minutes before the scheduled start time. Upon registration, participants will receive the conference call access information, including dial-in numbers, a personal PIN and an e-mail with detailed instructions to join the conference call.
Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at https://ir.finvgroup.com.
About FinVolution Group
FinVolution Group is a leading fintech platform with strong brand recognition across China and overseas markets, connecting borrowers of the young generation with financial institutions. Established in 2007, the Company is a pioneer in China's online consumer finance industry and has developed innovative technologies and accumulated in-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence. The Company's platform, empowered by proprietary cutting-edge technologies, features a highly automated loan transaction process, which enables a superior user experience. As of June 30, 2026, the Company had 254.2 million cumulative registered users across China and overseas markets.
For more information, please visit https://ir.finvgroup.com
Use of Non-GAAP Financial Measures
We use non-GAAP adjusted operating profit, non-GAAP operating margin, non-GAAP adjusted EBITDA, non-GAAP net profit, non-GAAP net profit attributable to FinVolution Group, and non-GAAP basic and diluted net profit per share and per ADS which are non-GAAP financial measures, in evaluating our operating results and for financial and operational decision-making purposes. We believe that these non-GAAP financial measures help identify underlying trends in our business by excluding the impact of share-based compensation expenses and expected discretionary measures. We believe that non-GAAP financial measures provide useful information about our operating results, enhance the overall understanding of our past performance and future prospects and allow for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.
Non-GAAP adjusted operating profit, non-GAAP operating margin, non-GAAP adjusted EBITDA, non-GAAP net profit, non-GAAP net profit attributable to FinVolution Group, and non-GAAP basic and diluted net profit per share and per ADS are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as analytical tool, and when assessing our operating performance, cash flows or our liquidity, investors should not consider it in isolation, or as a substitute for net income, cash flows provided by operating activities or other consolidated statements of operation and cash flow data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review our financial information in its entirety and not rely on a single financial measure.
For more information on this non-GAAP financial measure, please see the table captioned “Reconciliations of GAAP and Non-GAAP results” set forth at the end of this press release.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.7851 to US$1.00, the rate in effect as of June 30, 2026 as certified for customs purposes by the Federal Reserve Bank of New York.
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company’s ability to attract and retain borrowers and investors on its marketplace, its ability to increase volume of loans facilitated through the Company’s marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, laws, regulations and governmental policies relating to the online consumer finance industry in China, general economic conditions in China, and the Company’s ability to meet the standards necessary to maintain listing of its ADSs on the NYSE, including its ability to cure any non-compliance with the NYSE’s continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and FinVolution does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
FinVolution Group
Head of Capital Markets
Yam Cheng
Tel: +86 (21) 8030-3200 Ext. 8601
E-mail: [email protected]
In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: [email protected]
FinVolution Group
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
(All amounts in thousands, except share data, or otherwise noted)
As of December 31, As of June 30, 2025
2026
RMB RMBUSDAssets Cash and cash equivalents4,285,121 3,259,378480,373Restricted cash1,912,850 1,631,542240,460Short-term investments3,015,226 3,161,992466,020Investments1,141,816 1,164,822171,674Quality assurance receivable, net of credit loss allowance for quality assurance receivable of RMB581,475 and RMB666,160 as of December 31, 2025 and June 30, 2026, respectively1,315,184 1,421,677209,529Intangible assets270,246 206,48330,432Property, equipment and software, net641,316 620,70091,480Loans receivable, net of credit loss allowance for loans receivable of RMB544,905 and RMB416,552 as of December 31, 2025 and June 30, 2026, respectively6,471,619 6,597,360
972,331
Accounts receivable and contract assets, net of credit loss allowance for accounts receivable and contract assets of RMB340,816 and RMB286,557 as of December 31, 2025 and June 30, 2026, respectively2,028,585 2,895,985426,815Deferred tax assets2,992,071 3,504,367516,480Right of use assets52,020 45,0006,632Prepaid expenses and other assets1,207,791 1,484,090218,728Goodwill79,759 79,75911,755Total assets25,413,604 26,073,1553,842,709Deferred guarantee income1,119,004 1,256,324185,159Liability from quality assurance commitment2,574,842 2,684,907395,706Payroll and welfare payable361,188 244,07735,972Taxes payable177,064 477,07370,312Short-term borrowings170,408 387,45657,104Funds payable to investors of consolidated trusts778,531 739,575109,000Contract liability226 --Deferred tax liabilities786,556 736,814108,593Accrued expenses and other liabilities1,448,231 1,619,544238,692Leasing liabilities44,711 40,0615,904Convertible senior notes1,019,266 991,199146,085Long-term borrowings89,590 155,78922,960Total liabilities8,569,617 9,332,8191,375,487Commitments and contingencies FinVolution Group Shareholders’ equity Ordinary shares103 10315Additional paid-in capital5,908,586 5,986,830882,350Treasury stock(2,465,259) (2,831,861)(417,365)Statutory reserves1,042,312 1,042,312153,618Accumulated other comprehensive income13,027 32,8704,846Retained Earnings12,051,332 12,401,2371,827,716Total FinVolution Group shareholders’ equity16,550,101 16,631,4912,451,180Non-controlling interest293,886 108,84516,042Total shareholders' equity16,843,987 16,740,3362,467,222Total liabilities and shareholders’ equity25,413,604 26,073,1553,842,709 FinVolution Group
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(All amounts in thousands, except share data, or otherwise noted)
For the Three Months Ended June 30,
For the Six Months Ended June 30, 2025
2026
2025
2026
RMB RMBUSD RMB RMBUSD Operating revenue: Loan facilitation service fees1,515,349 1,313,757193,624 2,993,147 2,495,071 367,728Post-facilitation service fees425,595 385,99456,888 806,209 734,337 108,228Guarantee income1,046,615 904,520133,310 2,146,129 1,790,589 263,900Net interest income272,098 474,29669,903 513,712 958,977 141,336Other revenue318,294 324,60247,840 599,795 634,257 93,478Net revenue3,577,951 3,403,169501,565 7,058,992 6,613,231 974,670Operating expenses: Origination, servicing expenses and other cost of revenue(674,544) (732,912)(108,018) (1,295,009) (1,478,084) (217,843)Sales and marketing expenses(606,444) (480,851)(70,869) (1,136,147) (973,298) (143,446)Research and development expenses(128,974) (118,934)(17,529) (255,015) (244,393) (36,019)General and administrative expenses(110,196) (106,349)(15,674) (217,090) (220,192) (32,452)Provision for accounts receivable and contract assets(106,345) (97,868)(14,424) (224,063) (209,382) (30,859)Provision for loans receivable(98,379) (164,435)(24,235) (183,793) (382,583) (56,386)Credit losses for quality assurance commitment(987,139) (1,108,811)(163,419) (1,998,754) (1,965,448) (289,671)Impairment of goodwill and intangible assets(50,411) (63,760)(9,397) (50,411) (63,760) (9,397)Total operating expenses(2,762,432) (2,873,920)(423,565) (5,360,282) (5,537,140) (816,073)Operating profit815,519 529,24978,000 1,698,710 1,076,091 158,597Interest expenses(1,444) (20,018)(2,950) (2,096) (37,165) (5,477)Other income, net115,908 33,9004,996 124,941 18,379 2,709Profit before income tax expense929,983 543,13180,046 1,821,555 1,057,305 155,829Income tax expenses(178,670) (116,361)(17,149) (332,601) (209,478) (30,873)Net profit 751,313 426,77062,897 1,488,954 847,827 124,956Less: Net profit/(loss) attributable to non-controlling interest shareholders4,316 (14,781)(2,178) (4,449) (8,786) (1,295)Net profit attributable to FinVolution Group746,997 441,55165,075 1,493,403 856,613 126,251Foreign currency translation adjustment, net of nil tax705 (5,213)(768) (15,568) 19,843 2,924Total comprehensive income attributable
to FinVolution Group747,702 436,33864,307 1,477,835 876,456 129,175Weighted average number of ordinary shares used in
computing net profit per share Basic1,280,035,833 1,179,633,9661,179,633,966 1,272,937,319 1,186,923,976 1,186,923,976Diluted1,322,804,429 1,252,313,0201,252,313,020 1,319,415,709 1,268,035,160 1,268,035,160Net profit per share attributable to FinVolution
Group’s ordinary shareholders Basic0.58 0.370.06 1.17 0.72 0.11Diluted0.56 0.360.05 1.13 0.69 0.10Net profit per ADS attributable to FinVolution
Group’s ordinary shareholders (one ADS equals
five ordinary shares) Basic2.92 1.870.28 5.87 3.61 0.53Diluted2.82 1.800.26 5.66 3.44 0.51 FinVolution Group
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(All amounts in thousands, except share data, or otherwise noted)
Three Months Ended June 30, Six Months Ended June 30, 2025
2026
2025
2026
RMB RMB USD RMB RMB USDNet cash provided by/(used in) operating activities8,627 (389,983) (57,477) 530,962 (805,354) (118,695)Net cash (used in)/ provided by investing activities(1,025,083) (515,472) (75,971) (659,887) 271,911 40,075Net cash provided by/(used in) financing activities658,029 (708,061) (104,355) 459,698 (698,643) (102,967)Effect of exchange rate changes on cash and cash equivalents5,754 (46,217) (6,811) (5,511) (74,965) (11,048)Net increase in cash, cash equivalent and restricted cash(352,673) (1,659,733) (244,614) 325,262 (1,307,051) (192,635)Cash, cash equivalent and restricted cash at beginning of period7,425,007 6,550,653 965,447 6,747,072 6,197,971 913,468Cash, cash equivalent and restricted cash at end of period7,072,334 4,890,920 720,833 7,072,334 4,890,920 720,833 FinVolution Group
UNAUDITED Reconciliation of GAAP and Non-GAAP Results
(All amounts in thousands, except share data, or otherwise noted) For the Three Months Ended June 30,
For the Six Months Ended June 30, 2025 2026 2025 2026 RMB RMBUSD RMB RMBUSD Net Revenues3,577,951 3,403,169501,565 7,058,992 6,613,231974,670Less: total operating expenses(2,762,432) (2,873,920)(423,565) (5,360,282) (5,537,140)(816,073)Operating Profit815,519 529,24978,000 1,698,710 1,076,091158,597Add: share-based compensation expenses39,318 42,8666,318 73,997 81,03911,944Non-GAAP adjusted operating profit854,837 572,11584,318 1,772,707 1,157,130170,541 Operating Margin22.8% 15.6%15.6% 24.1% 16.3%16.3%Non-GAAP operating margin23.9% 16.8%16.8% 25.1% 17.5%17.5%Non-GAAP adjusted operating profit854,837 572,11584,318 1,772,707 1,157,130170,541Less: interest expenses(1,444) (20,018)(2,950) (2,096) (37,165)(5,477)Add: other income, net115,908 33,9004,996 124,941 18,3792,709Less: income tax expenses(178,670) (116,361)(17,149) (332,601) (209,478)(30,873)Non-GAAP net profit790,631 469,63669,215 1,562,951 928,866136,900Less: Net profit/(loss) attributable to non-controlling interest shareholders4,316 (14,781)(2,178) (4,449) (8,786)(1,295)Non-GAAP net profit attributable to FinVolution Group786,316 484,41771,393 1,567,400 937,652138,195 Weighted average number of ordinary shares used in computing net income per share Basic1,280,035,833 1,179,633,9661,179,633,966 1,272,937,319 1,186,923,9761,186,923,976Diluted1,322,804,429 1,252,313,0201,252,313,020 1,319,415,709 1,268,035,1601,268,035,160Non-GAAP net profit per share attributable to FinVolution Group’s ordinary shareholders Basic0.61 0.410.06 1.23 0.790.12Diluted0.59 0.390.06 1.19 0.750.11Non-GAAP net profit per ADS attributable to FinVolution Group’s ordinary shareholders (one ADS equal five ordinary shares) Basic3.07 2.050.30 6.16 3.950.58Diluted2.97 1.970.29 5.94 3.760.54 FinVolution Group
Selected Segment Information
(All amounts in thousands, except share data, or otherwise noted)For the Three Months Ended June 30, 2026 Chinese Mainland Overseas Markets(1)Others(2)EliminationTotal RMBRMBRMBRMBRMBNet Revenue2,396,725930,28381,676(5,515)3,403,169Less(3): Operating Expenses (4)(1,771,964)(876,648)(124,197)5,515(2,767,294)Operating Segment Profit/(Loss)624,76153,635(42,521)-635,875Less: Unallocated expenses(5) (106,626)Operating profit 529,249 For the Three Months Ended June 30, 2025 Chinese Mainland Overseas Markets(1)Others(2)EliminationTotal RMBRMBRMBRMBRMBNet Revenue2,781,295788,68011,248(3,272)3,577,951Less(3): Operating Expenses (4)(1,867,744)(763,104)(45,127)3,272(2,672,703)Operating Segment Profit/(Loss)913,55125,576(33,879)-905,248Less: Unallocated expenses(5) (89,729)Operating profit 815,519 Notes:
(1): “Overseas Markets” includes Indonesia, the Philippines and Australia.
(2): “Others” includes a combination of multiple business activities that each does not meet the quantitative thresholds to qualify as reportable segments.
(3): The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(4): “Operating Expenses” includes Origination, servicing expenses and other costs of revenue, Sales and marketing expenses, General and administrative expenses, Research and development expenses, Credit losses for quality assurance commitment, Provision for loans receivable and Provision for accounts receivable and contract assets.
(5): Unallocated expenses are mainly related to share-based compensation, impairment of goodwill of prior acquisitions, and other miscellaneous items that are not allocated to segments. These expenses are excluded from segment results as they are not reviewed by the CODM as part of segment performance.
FinVolution Group
Selected Segment Information
(All amounts in thousands, except share data, or otherwise noted)For the Three Months Ended June 30, 2026 Chinese Mainland Overseas MarketsOthersUnallocated expensesTotal RMBRMBRMBRMBRMBOperating profit624,76153,635(42,521)(106,626)529,249Add: Depreciation and amortization17,1801,625267-19,072Add: Share-based compensation expenses---42,86642,866Non-GAAP Adjusted EBITDA641,94155,260(42,254)(63,760)591,187 For the Three Months Ended June 30, 2025 Chinese Mainland Overseas MarketsOthersUnallocated expensesTotal RMBRMBRMBRMBRMBOperating profit913,55125,576(33,879)(89,729)815,519Add: Depreciation and amortization17,0351,020125-18,180Add: Share-based compensation expenses---39,31839,318Non-GAAP Adjusted EBITDA930,58626,596(33,754)(50,411)873,017 Note:
“Non-GAAP Adjusted EBITDA” represents operating profit (loss) plus (a) depreciation and amortization expenses and (b) share-based compensation expenses.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cfab4379-0d6d-4261-a793-ffb1dbcfa6c2
FinVolution ve 2. čtvrtletí 2026 zvýšil objem úvěrů o 5 % mezikvartálně na RMB45 miliard a čistý zisk o 1 % na RMB427 milionů. Firma ale varuje, že zpřísnění financování v Číně může v dalších čtvrtletích brzdit růst.
Chinese Fintech FinVolution: Buy, Sell, or Hold?PPDAI Group NYSE: FINV, which operates as FinVolution Group, reported sequential growth in loan volume, revenue and net income for the second quarter of 2026, while cautioning that a tightening funding environment and collection-industry regulatory actions in China could weigh on lending volumes and credit conditions in coming quarters.
Group loan volume rose 5% sequentially to RMB45 billion, Chief Executive Officer Tim Li said on the company’s earnings call. Revenue increased 6% to RMB3.4 billion, while net income rose 1% sequentially to RMB427 million. The company recorded RMB529 million in operating profit, including a RMB64 million one-time impairment of intangible assets. Excluding that charge, operating profit increased 8% sequentially, Chief Financial Officer Alexis Xu said.
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FinVolution reiterated its full-year revenue outlook of RMB11.5 billion to RMB12.9 billion. However, Xu said the company now expects results to land in the lower end of that range unless the operating environment changes substantially, citing softer second-half conditions in China.
China lending growth faces funding pressures In mainland China, loan volume reached RMB41 billion, up 6.5% from the prior quarter, as the company continued a recovery that began early in 2026. China revenue rose 8% sequentially to RMB2.4 billion, while the take rate remained about 3.2%.
The company said credit performance improved through the second quarter. C-M2 declined to 0.56% from 0.68%, and vintage credit costs remained near 2.7%. The 30-day collection rate improved to 89% from 87%, though day-one delinquency increased slightly to 5.3% from 5.2%.
Li said the company selectively expanded its lending book among higher-quality repeat borrowers, resulting in 6% sequential growth in unique borrowers while maintaining stable credit quality. China operating profit rose 4.3% sequentially to RMB625 million, according to Xu.
Conditions shifted in July following what management described as an isolated credit event involving the Jizi platform. Xu said the event prompted many financial institutions to conduct internal reviews of loan-facilitation partners, with some pausing business during those assessments. Smaller and midsize lending platforms either exited the market or sharply reduced originations, he said.
FinVolution said its China loan volume was down about 50% in July as industry funding tightened. Management said institutional confidence had begun to stabilize in August, but that the recovery in available funding remained gradual.
Funding costs increased 30 basis points sequentially to 3.7% in the second quarter, and Xu said they rose by an additional roughly 30 basis points in July. The company expects funding costs to continue trending upward over the next one to two quarters.
Collection-industry regulatory actions at the end of July also constrained collection resources and reduced recovery efficiency, Xu said. The company’s latest early-risk reading was about 20% above the second-quarter level. In response, FinVolution said it is tightening underwriting, refining customer segmentation, accelerating risk-model updates and reducing acquisition spending.
Management said it will prioritize funding stability and profitability over near-term origination growth. The company ended the quarter with RMB6.4 billion in cash and short-term investments, which Xu said had risen to RMB7.5 billion in July and August. Combined with about RMB5 billion in highly liquid assets, the company cited roughly RMB12.5 billion in available liquidity.
International business offsets Philippines pullback FinVolution’s overseas segment continued to expand, with loan volume rising 19% year over year and revenue increasing 18% to RMB930 million. Unique overseas borrowers more than doubled from a year earlier to 5.3 million.
Overseas operating profit totaled RMB154 million, up 17% sequentially and more than double the prior-year period, according to Xu. The company said it remains confident in its previously stated full-year overseas EBITDA target of $13 million, double the prior year’s level.
Management said growth in Indonesia and Australia more than offset a deliberate reduction in originations in the Philippines following an interest-rate cap that took effect April 1. The company expects overseas loan volume to grow at a double-digit year-over-year rate for the full year.
Indonesia: Offline buy now, pay later products accounted for about 25% of volume, compared with a single-digit share a year earlier. Indonesia represents more than 50% of overseas volume and revenue, Xu said. Philippines: FinVolution reduced originations and tightened underwriting to adapt to the rate cap. Management expects the business to return to sequential growth in the third quarter, with recovery typically taking two to three quarters after pricing adjustments. Australia: Unique borrowers rose 22% sequentially in the second quarter, helping drive loan volume growth of 70% sequentially. The company expanded into larger-ticket, lower-interest-rate products aimed at borrowers with stronger credit profiles. Capital allocation and longer-term strategy Li said internationalization remains central to FinVolution’s strategy, helping diversify the business beyond any single market. Overseas revenue represented roughly 27% of group revenue in the second quarter, and management expects that proportion to continue increasing during the rest of the year.
Xu said FinVolution is considering capital injections into licensed operations, including its micro-lending business, to diversify funding sources and improve funding stability in China. The company also said it intends to continue investing in overseas expansion and may replicate aspects of its Australia market-entry approach, including acquisitions.
The company repurchased $27.4 million of shares during the second quarter, bringing first-half repurchases to $66.8 million. Xu said FinVolution will continue to prioritize operating needs and maintain flexibility in repurchases based on share price and market liquidity.
Looking toward 2030, management said it aims for overseas operations to account for more than 50% of total group revenue.
About PPDAI Group (NYSE:FINV)PPDAI Group Inc operates an online consumer finance marketplace that connects individual and institutional investors with personal and small-business borrowers. Through its digital platform, the company facilitates unsecured consumer loans, auto refinancing loans and small-business financing by leveraging proprietary credit assessment tools and big data analytics. Investors gain exposure to a diversified portfolio of retail credit assets, while borrowers benefit from streamlined application processes and competitive financing rates.
At the core of PPDAI's offering is a multi-layered risk management framework that combines automated credit scoring, manual underwriting oversight and third-party data verification.
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BHP ve fiskálním roce 2026 vytěžil 1 952,8 kt mědi a plánuje nový koncentrátor Escondida za 4,4 až 5,9 mld. USD, který má přidat 230–270 kt ročně. Freeport-McMoRan mezitím zvyšuje produkci přes expanze, ale čelí vyšším nákladům a nižším prodejům.
Key Takeaways FCX's expansion projects aim to boost copper output, backed by strong financial health.BHP boosts copper output and invests billions in new projects like the Escondida concentrator.Copper prices remain favorable amid demand strength, supply concerns and global tensions. Freeport-McMoRan Inc. (FCX - Free Report) and BHP Group Limited (BHP - Free Report) are two heavyweights in the copper mining industry. Both are navigating fluctuating copper prices and global economic uncertainties.
Copper prices continue to show strength driven by robust demand from China and the United States. Structural tailwinds, including electric vehicles (EVs), renewable energy projects, artificial intelligence data center growth and grid modernization, continue to boost copper consumption. Worries about tightening supply amid rising EV and infrastructure demand aided the red metal.
Copper surged to an all-time high near $6.9 per pound earlier this month on supply tightness and demand strength. Supply risks stemming from operational issues in top producer Chile, along with export bans on copper concentrates from the Democratic Republic of Congo, supported the price rally. Imports to the United States have also surged ahead of a potential tariff announcement by the Trump administration. Copper prices are currently hovering near $6.6 per pound.
Let’s dive deep and closely compare the fundamentals of these two copper giants to determine which one is a better investment option now.
The Case for FreeportFreeport continues to leverage its portfolio of high-quality copper assets, emphasizing disciplined execution and organic growth initiatives to strengthen its production profile. FCX has completed the evaluation of a large-scale expansion at El Abra in Chile to define a large sulfide resource that could potentially support a major mill project similar to the large-scale concentrator at Cerro Verde, with an estimated resource of approximately 20 billion recoverable pounds of copper. The expansion is expected to result in the addition of more than 700 million pounds of copper production annually.
In Arizona, FCX is progressing with pre-feasibility studies at its Safford/Lone Star operations, with completion targeted for 2026, to assess a sizable sulfide expansion opportunity. It has expansion opportunities at Bagdad in Arizona that can more than double the concentrator capacity of the operation. Technical and economic studies have revealed the potential to build concentrating facilities to boost copper production by 200-250 million pounds annually.
PT Freeport Indonesia (PT-FI) is developing the Kucing Liar ore body within the Grasberg district with a targeted ramp-up to commence in 2030. Studies completed by FCX in 2025 show an opportunity to increase Kucing Liar’s design capacity to 130,000 metric tons of ore per day and reserves by roughly 20% at low costs.
FCX has a strong liquidity profile and generates substantial cash flows, providing ample flexibility to fund expansion projects, reduce debt and enhance shareholder returns. It generated solid operating cash flows of $5.6 billion in 2025. Cash flows provided by operations were around $2 billion in the second quarter of 2026. Freeport ended the second quarter with strong liquidity, including $4.1 billion in cash and cash equivalents, $3 billion in availability under the Freeport revolving credit facility, and $1.5 billion in availability under the PT-FI credit facility.
At the end of the second quarter, Freeport had a net debt of $2.1 billion, excluding PTFI’s new downstream processing facilities. Its net debt is below its targeted range of $3-$4 billion. Freeport has a policy of distributing 50% of the available cash to its shareholders and the balance to either reduce debt or invest in growth projects. FCX has no significant debt maturities until 2027.
FCX offers a dividend yield of roughly 0.4% at the current stock price. Its payout ratio is 13% (a ratio below 60% is a good indicator that the dividend will be sustainable). Backed by strong financial health, the company's dividend is perceived to be safe and reliable.
Freeport faces headwinds from higher costs. Its second-quarter unit net cash costs jumped 74% year over year to $1.97 per pound due to lower copper volumes. Freeport expects unit net cash costs of $2 per pound for the third quarter, while projecting a full-year average of roughly $1.9 (compared with $1.65 in 2025). The projected third-quarter unit cost reflects a roughly 43% year-over-year increase. The uptick in costs reflects higher costs of energy and other consumables due to the Middle East conflict and persistent pressure on volumes. Higher costs are expected to weigh on the company's margins.
Freeport’s copper sales volumes tumbled approximately 30% year over year in the second quarter to 710 million pounds. The downside primarily resulted from lower operating rates during the phased ramp-up of the Grasberg Block Cave mine in Indonesia following the mud rush incident in September 2025.
While the company’s third-quarter outlook for copper sales volumes of 750 million pounds indicates a sequential improvement, it suggests a 23% year-over-year decline. The company, in April 2026, lowered its consolidated sales volume projections for full-year 2026 to around 3.1 billion pounds of copper from the prior view of 3.4 billion pounds due to an expected delay in achieving full ramp-up of the Grasberg Block Cave mine. Lower sales volumes are expected to weigh on its top line.
The Case for BHPBHP continues to reshape its portfolio toward commodities such as copper and potash, allocating a meaningful portion of its medium-term capital expenditure to these areas. This strategy positions the company to benefit from decarbonization, electrification, population growth and rising living standards in emerging markets. It is also making operations more efficient on the back of smart technology adoption across the entire value chain.
Fiscal 2026 copper production was 1,952.8 kt, within the company’s 1,900-2,000 kt guidance range, despite planned lower grades at Escondida and ore complexity at Spence. Escondida produced 1,261.2 kt, while Antamina output rose 27% to a record 151.5 kt and Copper South Australia delivered 320.7 kt. BHP’s fiscal 2027 copper guidance of 1,650-1,800 kt points to a near-term volume reset, but the longer-term pipeline remains intact.
BHP has copper projects under execution and a pipeline that could deliver around two Mtpa of attributable copper production by the 2030s. It is planning an Escondida New Concentrator project with a potential $4.4-$5.9 billion investment to replace the aging Los Colorados plant. BHP has approved a pre-commitment funding of $0.5 billion (BHP’s share) for the concentrator, which is expected to have a higher production capacity and add 230-270 kt of copper annually.
Resolution Copper, a joint venture owned by BHP (45%) and Rio Tinto (55%), completed a land exchange in Arizona. This enables the next phase of technical work and development planning for the Resolution Copper project, which is one of the most significant undeveloped copper resources in the United States.
The company’s balance sheet remains strong with cash and cash equivalents of $18.5 billion at the end of fiscal 2026. BHP also ended fiscal 2026 with net debt of $8.7 billion, down from $12.9 billion in fiscal 2025 and below its $10-$20 billion target range.
BHP’s net operating cash flow increased 17% year over year to $21.8 billion in fiscal 2026, partly driven by higher realized prices and cost management. Free cash flow surged 83% to $9.8 billion, after spending $10.3 billion on capital and exploration projects.
BHP remains committed to driving shareholder value, having determined a final dividend of $5 billion, leading to total returns to its shareholders of $8.7 billion for the year. Since the introduction of its capital allocation framework in 2016, BHP has delivered more than $115 billion to its shareholders. BHP offers a dividend yield of roughly 2.9% at the current stock price.
FCX & BHP: Price Performance, Valuation & Other ComparisonsFCX stock has rallied 78% over the past year, while BHP has gained 71.6%.
Image Source: Zacks Investment Research
FCX is currently trading at a forward 12-month earnings multiple of 23.21. BHP is currently trading at a forward 12-month earnings multiple of 18.99, below FCX.
Image Source: Zacks Investment Research
BHP’s return on equity of 21.6% is higher than FCX’s 10.6%. This reflects BHP’s efficient use of shareholder funds in generating profits.
Image Source: Zacks Investment Research
How the Zacks Consensus Estimate Compares for FCX & BHPThe Zacks Consensus Estimate for FCX’s 2026 sales and EPS implies a year-over-year rise of 10.2% and 57.6%, respectively. The EPS estimates for 2026 have been going up over the past 60 days.
Image Source: Zacks Investment Research
The consensus estimate for BHP’s current fiscal year sales implies a year-over-year rise of 10.1%. The same for EPS suggests a 5.9% year-over-year increase. The EPS estimates for the current fiscal year have been going south over the past 60 days.
Image Source: Zacks Investment Research
FCX or BHP: Which Is the Better Pick?Both FCX and BHP currently carry a Zacks Rank #3 (Hold), so picking one stock is not easy. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Both Freeport and BHP present compelling investment cases. FCX is poised to gain from progress in expansion activities that will boost production capacity. Robust financial health allows FCX to invest in growth projects and drive shareholder value. Strong cash generation, investment in growth projects and higher operational efficacy, aided by the adoption of technology, bode well for BHP Group. BHP appears to have an edge over FCX due to its more attractive valuation. BHP’s higher ROE also indicates that it is more effectively utilizing shareholder funds. Investors seeking exposure to the copper mining space might consider BHP to be the more favorable option at this time.
Southern Copper oznámila, že těžba mědi v 1. pololetí meziročně klesla o 3,8 % na 461 206 tun. Výhled na rok 2026 mírně zvýšila na 917 000 tun, což stále znamená pokles o 5 %.
Key Takeaways Southern Copper's H1 copper production fell 3.8% y/y to 461,206 tons.The 2026 copper output is forecast at 917,000 tons, implying a 5% y/y decline.Tia Maria and other projects could lift output to 1.6 million tons by 2033 or 2034. Southern Copper Corporation’s (SCCO - Free Report) copper production fell 3.5% in the second quarter of 2026, pushing the first-half 2026 production to decline 3.8% year-over-year to 461,206 tons due to a decrease in production at the company’s Peruvian operations.
Despite the year-to-date fall in production, the company has slightly hiked its 2026 copper production outlook to 917,000 tons from the initially stated 910,000 tons. The figure, however, implies a 5% year-over-year decline. The downside will be caused by lower ore grades at the Cuajone and Peruvian mines. Southern Copper expects 2027 copper production to remain near the 2026 level.
Tía María is expected to begin production in the second half of 2027 and lift total copper output to about 970,000 tons in 2028. The company then expects production to reach 1.06 million tons in 2029.
Southern Copper maintains a strong long-term outlook with production expected to increase to 1.6 million tons by 2033 or 2034. To support this growth plan, the company intends to invest $20.5 billion over the next decade, with the bulk of the capital allocated to projects.
The pipeline includes Tía María, Los Chancas and Michiquillay in Peru, along with El Pilar, El Arco and other projects in Mexico. The breadth of these projects gives Southern Copper multiple sources of organic production growth beyond current mine grades. Expected grade recovery at Toquepala and Cuajone should also add production after 2027.
Southern Copper Peers’ Production Performance & OutlookTeck Resources Ltd (TECK - Free Report) copper segment’s revenues surged 85% year over year, driven by higher copper prices and sales volumes. This pushed the company’s top line to $2.6 billion, marking a 78% year-over-year rise.
However, Teck Resources' Red Dog production fell to 112,000 tons in the second quarter of 2026 from 136,600 tons a year earlier as grades declined in line with the mine plan. Nonetheless, Teck Resources maintains its 2026 copper production guidance of 455-530 thousand tons, whereas it produced 453.5 thousand tons in 2025. This will be driven by higher output at QB, Highland Valley Copper and Antamina. The long-term outlook for copper is positive as demand is expected to grow, partly driven by electric vehicles, renewable energy and infrastructure investments.
Freeport-McMoRan Inc.’s (FCX - Free Report) revenues declined 7.3% year over year to $7.03 billion in the second quarter of 2026. Freeport-McMoRan’s copper production fell 18.4% year over year to 786 million pounds in the reported quarter.
Freeport-McMoRan’s copper sales volumes tumbled approximately 30% year over year in the second quarter to 710 million pounds. While the company’s third-quarter outlook for copper sales volumes of 750 million pounds indicates a sequential improvement, it still suggests a 23% year-over-year decline. The company, in April 2026, lowered its consolidated sales volume projections for 2026 to 3.1 billion pounds of copper from the prior view of 3.4 billion pounds due to an expected delay in achieving full ramp-up of the Grasberg Block Cave mine.
SCCO’s Price Performance, Valuations & EstimatesSouthern Copper shares have gained 51.3% year to date compared with the Zacks Mining - Non Ferrous industry’s rise of 38.5%. During this time, the Basic Materials sector has risen 25.1% and the S&P 500 has rallied 12.6%.
Image Source: Zacks Investment Research
The Southern Copper stock is currently trading at a forward 12-month earnings multiple of 29.70X, which is a premium to the industry average of 25.45X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Southern Copper’s 2026 sales is $16.86 billion, indicating a 25.6% year-over-year jump. The consensus mark for the year’s earnings is pegged at $7.61 per share, suggesting a rally of 45.2%.
The Zacks Consensus Estimate for 2027 sales implies an 11.7% year-over-year dip. The same for earnings suggests a fall of 8.2%.
Earnings estimates for 2026 have moved 0.1% south over the past 60 days, while the same for 2027 have moved up 0.3% over the past 60 days.
Image Source: Zacks Investment Research
The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Bamco Inc. NY bought a new stake in Southern Copper Corporation (NYSE:SCCO – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,203 shares of the basic materials company’s stock, valued at approximately $907,000.
Several other institutional investors also recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Southern Copper during the 2nd quarter valued at $1,729,500,000. Bank of New York Mellon Corp acquired a new stake in shares of Southern Copper during the second quarter worth $696,621,000. State Street Corp increased its holdings in Southern Copper by 2.4% in the fourth quarter. State Street Corp now owns 2,862,244 shares of the basic materials company’s stock valued at $410,646,000 after purchasing an additional 66,268 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Southern Copper by 0.3% in the fourth quarter. Fisher Asset Management LLC now owns 2,536,228 shares of the basic materials company’s stock valued at $363,873,000 after buying an additional 7,194 shares during the period. Finally, Bank of America Corp DE bought a new position in Southern Copper during the second quarter worth about $318,448,000. Institutional investors and hedge funds own 7.94% of the company’s stock.
Analyst Ratings Changes A number of analysts recently weighed in on the stock. UBS Group reiterated a “sell” rating and issued a $158.10 price target (up from $143.28) on shares of Southern Copper in a research report on Tuesday, June 30th. Wall Street Zen lowered shares of Southern Copper from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Scotiabank reissued an “underperform” rating and set a $138.34 price target (up from $133.40) on shares of Southern Copper in a research report on Monday, June 15th. Citigroup reissued a “positive” rating on shares of Southern Copper in a report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Southern Copper from $125.49 to $129.94 and gave the company an “underweight” rating in a research report on Wednesday, June 17th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $146.84.
Read Our Latest Stock Analysis on Southern Copper Southern Copper Stock Performance Shares of SCCO stock opened at $216.79 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 4.56 and a current ratio of 5.06. Southern Copper Corporation has a 52 week low of $92.94 and a 52 week high of $223.88. The company’s 50 day moving average price is $184.25 and its two-hundred day moving average price is $183.72. The company has a market capitalization of $180.87 billion, a P/E ratio of 31.69, a price-to-earnings-growth ratio of 1.83 and a beta of 1.11.
Southern Copper (NYSE:SCCO – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.06. Southern Copper had a net margin of 35.87% and a return on equity of 49.04%. The company had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.37 billion. The company’s quarterly revenue was up 40.6% compared to the same quarter last year. On average, analysts expect that Southern Copper Corporation will post 7.61 earnings per share for the current fiscal year.
Southern Copper Increases Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Tuesday, August 11th were issued a dividend of $1.10 per share. This is a boost from Southern Copper’s previous quarterly dividend of $1.00. The ex-dividend date was Tuesday, August 11th. This represents a $4.40 dividend on an annualized basis and a yield of 2.0%. Southern Copper’s dividend payout ratio is currently 64.33%.
Insider Activity at Southern Copper In other news, Director Bonilla Luis Miguel Palomino sold 202 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $196.79, for a total value of $39,751.28. Following the sale, the director directly owned 1,723 shares in the company, valued at $339,066.65. The trade was a 10.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 509 shares of company stock valued at $97,753 in the last 90 days. Insiders own 0.07% of the company’s stock.
Southern Copper Profile (Free Report)
Southern Copper Corporation (NYSE: SCCO) is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities.
Southern Copper’s operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities.
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It has been about a month since the last earnings report for Aon (AON - Free Report) . Shares have lost about 4.6% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Aon due for a breakout? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent drivers for Aon plc before we dive into how investors and analysts have reacted as of late.
Aon Q2 Earnings Beat Estimates on New Business Wins, Strong Retention
Aon reported second-quarter 2026 adjusted earnings of $3.81 per share, which surpassed the Zacks Consensus Estimate by 1.1%. The bottom line advanced 9% year over year.
Total revenues of $4.2 billion grew 2% year over year. The top line missed the consensus mark by 0.4%. Organic revenue growth was 5%.
The quarterly results were supported by strong organic revenue growth, healthy client retention, operating margin expansion and disciplined execution. Solid performance across the Commercial Risk, Reinsurance and Health Solutions businesses was partly offset by weakness in Wealth Solutions.
AON’s Q2 OperationsTotal operating expenses inched up 1% year over year to $3.3 billion due to higher expenses related to organic revenue growth, investments in long-term growth and unfavorable foreign currency translation. This was partly offset by lower expenses associated with the sale of NFP Wealth. The metric was in line with our estimate.
Adjusted operating income amounted to $1.2 billion, up 5% year over year and in line with our estimate. The metric benefited from organic revenue growth, scale improvements in scale improvements in Aon Business Services (ABS) and net restructuring savings, partially offset by growth investments. Adjusted operating margin improved 70 basis points year over year to 28.9%.
Q2 Segmental PerformanceRisk CapitalCommercial Risk Solutions: Organic revenues rose 5% year over year in the second quarter on the back of new business and strong retention rates across North America and EMEA. Revenues in this solution line advanced 5% year over year to $2.3 billion, in line with the Zacks Consensus Estimate.
Reinsurance Solutions: Organic revenues grew 5% year over year, driven by increased treaty placements, new business wins and strong client retention, along with growth in facultative placements. Revenues amounted to $711 million, which improved 3% year over year but missed the consensus mark by 1%.
Human CapitalHealth Solutions: Organic revenues inched up 5% year over year as a result of new business growth, strong retention rates and positive market impact. The solution line’s revenues increased 6% year over year to $818 million, which beat the Zacks Consensus Estimate by 0.4%.
Wealth Solutions: Organic revenue growth of 5% was driven by expansion in Retirement and continued demand for advisory services in the UK and EMEA amid ongoing regulatory changes. Revenues totaled $426 million, down 18% year over year. The metric lagged the consensus mark by 3.2%.
AON’s Q2 Financial PositionAon exited the second quarter with cash and cash equivalents of $1.1 billion, which declined 11.1% from the 2025-end level. Total assets of $53.3 billion increased 5% from the 2025-end figure.
Long-term debt amounted to $12.9 billion, down 11.7% from the figure as of Dec. 31, 2025. Short-term debt and the current portion of long-term debt totaled $2 billion.
Aon generated cash flow from operations of $556 million, which decreased 30% year over year. Adjusted free cash flow decreased 34% year over year to $483 million.
Aon’s Capital Deployment UpdateAon bought back 1.9 million Class A ordinary shares for roughly $600 million in the second quarter of 2026. It also returned $175 million to shareholders through dividends. As of June 30, 2026, the company had approximately $7.7 billion remaining under its share repurchase authorization.
AON Reaffirms Its 2026 OutlookAon expects mid-single-digit or higher organic revenue growth in 2026. The company anticipates adjusted operating margin expansion of 70-80 basis points. It projects strong growth in adjusted EPS for the year. Free cash flow is likely to grow at a double-digit rate, while the tax rate is expected to be in the 19.5-20.5% range.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates review.
VGM ScoresAt this time, Aon has a poor Growth Score of F, however its Momentum Score is doing a lot better with a C. Charting a somewhat similar path, the stock was allocated a score of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Aon has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerAon belongs to the Zacks Insurance - Brokerage industry. Another stock from the same industry, Brown & Brown (BRO - Free Report) , has gained 0.7% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.
Brown & Brown reported revenues of $1.68 billion in the last reported quarter, representing a year-over-year change of +30.4%. EPS of $1.07 for the same period compares with $1.03 a year ago.
For the current quarter, Brown & Brown is expected to post earnings of $1.09 per share, indicating a change of +3.8% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.8% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Brown & Brown. Also, the stock has a VGM Score of F.
HP (HPQ - Free Report) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +10.67%. A quarter ago, it was expected that this personal computer and printer maker would post earnings of $0.72 per share when it actually produced earnings of $0.86, delivering a surprise of +19.44%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
HP, which belongs to the Zacks Computer - Micro Computers industry, posted revenues of $15.68 billion for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 5.59%. This compares to year-ago revenues of $13.93 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.
HP shares have added about 32.5% since the beginning of the year versus the S&P 500's gain of 12.2%.
What's Next for HP?While HP has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for HP was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.67 on $14.92 billion in revenues for the coming quarter and $3.03 on $58.19 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Micro Computers is currently in the top 30% 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, Dell Technologies (DELL - Free Report) , has yet to report results for the quarter ended July 2026. The results are expected to be released on September 1.
This computer and technology services provider is expected to post quarterly earnings of $4.88 per share in its upcoming report, which represents a year-over-year change of +110.3%. The consensus EPS estimate for the quarter has been revised 5.5% higher over the last 30 days to the current level.
Dell Technologies' revenues are expected to be $44.79 billion, up 50.4% from the year-ago quarter.
HP zvýšila výhled non-GAAP EPS pro fiskální rok 2026 na 3,19–3,29 USD a volný peněžní tok na 3–3,2 mld. USD. AI PC tvořily 46 % dodávek v Q3 a do konce roku mají dosáhnout 50 %.
Key Takeaways HP raises its FY26 non-GAAP EPS guidance to $3.19-$3.29 and free cash flow to $3-$3.2B.HPQ expects Personal Systems margins to bottom in Q4'26, then improve in FY27 with mitigation actions.HP says AI PCs were 46% of Q3 shipments and are expected to reach 50% by fiscal year-end. HP Inc. (HPQ - Free Report) used its third-quarter fiscal 2026 earnings call to emphasize pricing discipline, premium PC mix and AI demand as it navigates rising memory and storage costs. Management also raised its fiscal 2026 earnings and free cash flow outlook.
The key forward message was that Personal Systems margins are expected to bottom in the fiscal fourth quarter, with mitigation actions and a richer product mix supporting improvement in fiscal 2027.
HPQ Raises FY26 OutlookCFO Karen Parkhill said that HP increased its fiscal 2026 non-GAAP earnings per share (EPS) guidance to $3.19-$3.29 from $2.90-$3.10. The outlook includes a $0.19 favorable impact of estimated tariff refunds.
For the fiscal fourth quarter, HP expects non-GAAP EPS of $0.69-$0.79, including a $0.08 tariff-refund benefit. The company also raised its full-year free cash flow guidance to $3-$3.2 billion.
The fiscal third-quarter non-GAAP EPS of $0.83 beat the Zacks Consensus Estimate of $0.75. Meanwhile, revenues of $15.68 billion topped the consensus estimate of $14.85 billion and rose 12.5% year over year.
HP Uses Pricing to Offset PC Cost PressureCFO Parkhill said that Personal Systems revenues grew 18% year over year to $11.8 billion, even as total unit volume declined 16%. Higher pricing, favorable mix and services expansion outweighed the volume decline.
Personal Systems operating margin was 4.6%, below HP's long-term range as higher commodity costs and variable compensation pressured profitability. CFO Parkhill said that lower-cost inventory benefits are largely aiding HP as higher-cost inventory moves through earnings.
Management expects the Personal Systems margin to fall again in the fiscal fourth quarter before improving in fiscal 2027. Pricing, supplier qualification, product redesign, platform optimization and demand shaping form the mitigation plan.
HPQ Expands the AI PC & Edge OpportunityInterim CEO Bruce Broussard said that AI PCs remain central to HP's strategy as more computing shifts toward the edge. AI PCs accounted for 46% of Personal Systems shipments in the fiscal third quarter.
Personal Systems president Ketan Patel said that HP expects AI PCs to reach 50% of the shipment mix by the year-end, then rise to 60-70% in fiscal 2027 and above 70% in fiscal 2028.
In Q&A, Patel said that customers are using local AI to reduce token costs, protect sensitive data, improve latency and support workloads in productivity, engineering, customer service and predictive maintenance.
HP Keeps Print Focused on Profitable PlacementParkhill said that Printing revenues fell 2% year over year to $3.9 billion, with supplies down 3%. HP continued to avoid low-return hardware placements in a competitive market.
The Print operating margin was 18.1%, helped by tariff refunds and pricing actions. Excluding tariff refunds, Parkhill added that margin was at the low end of HP's long-term range.
HP also continued expanding in profit-upfront tank printers, wherein units rose 42%. Management plans to support Print through tank share gains, subscriptions, AI-enabled office products and industrial graphics.
HPQ Q&A Centers on Margin Recovery PathAn Evercore ISI analyst pressed management on the fiscal fourth-quarter Personal Systems outlook and margin recovery. Parkhill reaffirmed the fiscal fourth quarter as the expected low point and said that supply is sufficient to meet customer demand.
A Morgan Stanley analyst questioned how margins could improve while component inflation continues. Parkhill pointed to slower expected cost increases, delayed benefits from contract revisions and redesign work, and a growing mix of premium products and attached offerings.
A Bernstein analyst also asked about pricing catch-up. Patel said that pricing changes can reach customers immediately in some channels but take several months in others.
HP Sharpens Priorities During CEO TransitionBroussard said that HP is working to become more connected, AI-enabled and data-driven while expanding integrated solutions and recurring revenue opportunities. He also emphasized clearer capital and resource allocation.
Management's posture centered on protecting profitability while continuing to invest in AI devices, edge computing and higher-value categories. HP plans to provide its fiscal 2027 outlook on the next earnings call.
What Zacks Signals Say About HPQHP currently carries a Zacks Rank #3 (Hold), with Value and Growth Scores of A, a Momentum Score of C and a VGM Score of A. Under the Zacks framework, A grades are favorable, while the C Momentum Score is comparatively less supportive. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Style Scores complement the Zacks Rank, with the strongest combinations involving Zacks Rank #1 or #2 (Buy) stocks and A or B Style Scores. HPQ's Zacks Rank #3 is more neutral, and the Rank can change as analyst estimates are revised following the latest results.
Akcie HP klesly o 5 % po výsledcích za 3. fiskální čtvrtletí, které sice překonaly odhady, ale ukázaly tlak vyšších cen pamětí na marže PC. Firma varuje, že tyto tlaky potrvají i ve 4. čtvrtletí.
HP Inc. shares HPQ fell 5% in trading after the PC and printer maker reported fiscal third-quarter results that beat Wall Street estimates but raised concerns about margins, PC demand and the sustainability of its earnings outlook.
The company reported revenue of $15.7 billion for the quarter ended July 31, up 12.5% year over year and above analysts' expectations.
Adjusted earnings per share came in at $0.83, also ahead of estimates. However, both results benefited from tariff refunds, while PC unit shipments declined sharply.
HP's third-quarter revenue increased about 13%, with Personal Systems revenue rising 18% to $11.8 billion.
Commercial PC sales increased 22%, helping offset weaker unit volumes.
PC shipments fell 16% year over year as the company raised prices and focused on premium products, including AI PCs.
The resulting increase in average selling prices helped lift revenue despite weaker unit demand.
Printing revenue declined 2% to $3.9 billion, broadly in line with estimates.
Adjusted earnings of $0.83 per share included an $0.11 benefit from tariff refunds. Analysts had expected adjusted EPS of $0.69, according to LSEG data.
HP has been dealing with rising memory chip costs as AI data center construction absorbs semiconductor capacity.
The company has responded by increasing PC prices and redesigning some products, but higher costs continued to weigh on profitability.
Personal Systems operating margin fell to 4.6% from 5.2% in the previous quarter as memory and other commodity costs increased faster than pricing could offset them.
HP expects those pressures to continue into the fourth quarter, with a recovery not expected until fiscal 2027.
CFO Karen Parkhill said the company expects below-seasonal revenue performance in the fourth quarter because of commodity-driven price increases.
At the same time, she said HP expects revenue to grow year over year, supported by pricing actions, gains in premium categories, higher-margin offerings and increased adoption of AI PCs.
For the fourth quarter, HP forecast adjusted EPS of $0.69 to $0.79, compared with analysts' average estimate of $0.67.
However, the forecast includes an estimated $0.08-per-share benefit from tariff refunds. Excluding that benefit, the midpoint of the company's guidance would fall below market expectations.
HP also raised its full-year adjusted EPS forecast to $3.19-$3.29 from $2.90-$3.10. The annual forecast includes an estimated $0.19 benefit from tariff refunds.
BofA maintains underperform ratingBofA Securities raised its price target on HP to $21 from $18 while maintaining an Underperform rating.
The brokerage identified pricing execution, premium and AI PC adoption, market-share gains and resilient reported printing profitability as positives.
However, it expects rising memory costs and higher PC prices to create demand elasticity.
BofA also pointed to continued pressure on core margins excluding tariff benefits and uncertainty related to HP's leadership transition.
The results highlight the challenge facing HP as it attempts to offset rising component costs through higher prices while maintaining demand.
Investors are also looking for greater visibility into the company's margin trajectory and fiscal 2027 outlook.
Adelante Capital Management ve 2. čtvrtletí otevřel novou pozici v Public Storage a koupil 245 064 akcií za zhruba 10,35 milionu USD. Akcie zároveň po otevření obchodování klesly o 1,7 %.
Adelante Capital Management LLC bought a new position in Public Storage (NYSE:PSA – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 245,064 shares of the real estate investment trust’s stock, valued at approximately $10,347,000. Adelante Capital Management LLC owned 0.14% of Public Storage as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of the business. Bayban purchased a new position in shares of Public Storage in the 4th quarter worth about $26,000. Harvest Fund Management Co. Ltd purchased a new position in Public Storage in the third quarter valued at approximately $27,000. Bruce G. Allen Investments LLC raised its holdings in Public Storage by 89.6% in the second quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 43 shares during the period. Wealth Watch Advisors INC acquired a new position in Public Storage during the third quarter valued at approximately $34,000. Finally, Meeder Asset Management Inc. purchased a new stake in Public Storage during the second quarter worth approximately $36,000. 78.79% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity In other news, insider Nathaniel A. Vitan sold 1,414 shares of Public Storage stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $327.53, for a total value of $463,127.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 11.10% of the company’s stock.
Wall Street Analysts Forecast Growth Several equities research analysts have recently weighed in on PSA shares. Weiss Ratings raised Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Mizuho boosted their target price on shares of Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Jefferies Financial Group raised their price target on shares of Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Evercore set a $316.00 price objective on shares of Public Storage in a report on Monday, July 6th. Finally, BMO Capital Markets raised their target price on Public Storage from $305.00 to $340.00 and gave the company a “market perform” rating in a research note on Monday, June 15th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $326.16. Get Our Latest Report on PSA
Public Storage Trading Down 1.7% Public Storage stock opened at $317.25 on Thursday. Public Storage has a 12-month low of $256.54 and a 12-month high of $335.55. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a 50 day simple moving average of $322.57 and a 200-day simple moving average of $307.26. The stock has a market capitalization of $55.72 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96.
Public Storage (NYSE:PSA – Get Free Report) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $1.64. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm posted $4.28 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, equities research analysts expect that Public Storage will post 16.93 EPS for the current fiscal year.
Public Storage Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $12.00 dividend on an annualized basis and a yield of 3.8%. Public Storage’s dividend payout ratio is presently 114.50%.
About Public Storage (Free Report)
Public Storage (NYSE: PSA) is a real estate investment trust (REIT) that specializes in self-storage services. Headquartered in Glendale, California, the company was founded in the early 1970s and has grown through development and acquisitions to become one of the largest owner-operators of self-storage facilities in the United States. It is publicly traded on the New York Stock Exchange under the ticker PSA.
The company’s core business is the ownership, operation and management of self-storage properties that serve both residential and commercial customers.
Further Reading Five stocks we like better than Public Storage Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise Alcoa’s Gallium Project Opens a New Door Beyond Aluminum Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech Can Tesla’s Flying Roadster Distract From Its Real Risks? Want to see what other hedge funds are holding PSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Public Storage (NYSE:PSA – Free Report).
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Public Storage po poslední výsledkové zprávě za poslední měsíc ztratila asi 2 %, ale za 2. čtvrtletí zvýšila výhled core FFO na 16,75–17,05 USD na akcii.
A month has gone by since the last earnings report for Public Storage (PSA - Free Report) . Shares have lost about 2% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Public Storage due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Public Storage Q2 FFO Misses on Same-Store NOI Decline, Revenues BeatPublic Storage reported second-quarter 2026 core FFO per share of $4.17, missing the Zacks Consensus Estimate by 1.9%. Core FFO declined 2.6% from the year-ago quarter.
Results reflected a decrease in same-store NOI by 2.2%. Growth from non-same-store properties and ancillary operations offset weaker same-store revenues. Average occupancy improved 20 basis points to 92.5%.
Quarterly revenues rose 2.6% year over year to $1.23 billion and surpassed the consensus estimate of $1.21 billion.
Public Storage's Same-Store Portfolio Faces PressureSame-store revenues decreased 0.6% year over year to $1.01 billion. Realized annual rental income per occupied square foot declined 0.8% to $21.89, while rental income per available square foot fell 0.6% to $20.24.
Direct operating costs increased 4.3% to $227.7 million, and indirect operating costs rose 5.7% to $32.5 million. Same-store NOI fell to $746.4 million from $763.3 million. The NOI margin contracted 120 basis points to 74.2%.
Public Storage's Lease-Up Assets Fuel GrowthThe non-same-store pool remained Public Storage's main operating growth engine. The portfolio included 441 acquisition, development and expansion properties totaling 39.3 million rentable square feet, representing 17% of its U.S. consolidated portfolio.
Revenues from these properties increased 25.6% during the quarter, while NOI advanced 21.5%. The gains helped counter pressure within the mature same-store portfolio and supported overall self-storage revenue growth.
Public Storage's Ancillary Operations Add SupportAncillary revenues increased 12.7% year over year to $92.9 million from $82.4 million. Ancillary operating costs rose 9% to $36.3 million, allowing the business to generate a wider contribution to consolidated operating results.
Total self-storage facility revenues improved 1.9% to $1.14 billion. However, self-storage operating costs climbed 8.1% to $307.8 million, reflecting the combination of higher same-store expenses and the expansion of the non-same-store portfolio.
Public Storage Expands Its Investment PipelineDuring the quarter, Public Storage acquired 20 self-storage facilities with 1.5 million rentable square feet for $222.5 million. Including activity after quarter-end, the company had acquired or agreed to acquire 44 facilities totaling 3.2 million square feet for $454.9 million.
Public Storage also opened three newly developed facilities and one expansion project during the first six months of 2026. These projects added 0.4 million rentable square feet at a cost of $57.3 million. Its development and expansion pipeline is expected to deliver 4 million square feet at an aggregate cost of $691.7 million.
Public Storage Strengthens Its Balance SheetPublic Storage ended June with $10.3 billion of total indebtedness and approximately $3.8 billion of liquidity. Net debt to EBITDA improved to 2.90X from 3.10X a year earlier, while the weighted average interest rate increased 30 basis points to 3.3%.
During the quarter, the company issued $500 million of 5% senior notes due in 2035. It also established a $3 billion revolving credit facility, a $500 million delayed-draw term loan and a $1 billion commercial paper program. Subsequent to quarter-end, Public Storageissued an additional $900 million of senior notes at an effective rate of 4.855%.
Public Storage Raises Its 2026 Core FFO OutlookPublic Storage raised its 2026 core FFO per share guidance to $16.75-$17.05 from $16.35-$17.00. The revised outlook includes 2 cents per share of expected accretion from financing the National Storage Affiliates Trust and Public Storage Canada transactions.
The company also improved its same-store assumptions. It now expects revenue growth between negative 0.7% and positive 0.3% compared with the prior range of negative 2.2% to flat. Same-store NOI is projected to decline 0.3%-2%, narrower than the earlier expected decrease of 0.5%-3.9%.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in fresh estimates.
VGM ScoresCurrently, Public Storage has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. Charting a somewhat similar path, the stock has a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Public Storage has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerPublic Storage is part of the Zacks REIT and Equity Trust - Other industry. Over the past month, Welltower (WELL - Free Report) , a stock from the same industry, has gained 1.7%. The company reported its results for the quarter ended June 2026 more than a month ago.
Welltower reported revenues of $3.54 billion in the last reported quarter, representing a year-over-year change of +39.1%. EPS of $0.61 for the same period compares with $1.28 a year ago.
Welltower is expected to post earnings of $1.64 per share for the current quarter, representing a year-over-year change of +22.4%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.1%.
Welltower has a Zacks Rank #2 (Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D.
CrowdStrike oznámil výnosy 1,47 miliardy USD a upravený EPS 31 centů, obojí nad odhady. Firma zároveň zvýšila výhled net new ARR na 1,35 až 1,359 miliardy USD.
CrowdStrike Holdings NASDAQ: CRWD delivered an earnings report that didn't have the same headline flair as that of NVIDIA NASDAQ: NVDA. But CRWD jumped sharply in the morning after its report, as investors focused on the bigger story behind the numbers and CrowdStrike’s role in it.
CrowdStrike reported its Q2 fiscal year 2027 (FY2027) results on Wednesday, Aug. 26, after the market closed. Revenue came in at $1.47 billion, higher than the $1.44 billion analysts expected and was up 25% year over year (YOY). Earnings told a similar story. Adjusted earnings per share (EPS) of 31 cents beat expectations of 29 cents and were up 34% YOY.
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Other highlights from the report included:
Net new annual recurring revenue (ARR), which was up 51% YOY and over $45 million above the high end of the company's prior guidance.
Free cash flow was up 33% YOY to $377 million.
CrowdStrike also raised its FY2027 net new ARR outlook to between $1.35 billion and $1.359 billion, a YOY increase of approximately 34%, compared with the prior guide of 22.5%.
CrowdStrike Is Seeing Explosive Demand Due to Agentic AIAt the core of CrowdStrike's report was the growing threat from agentic AI. On the earnings call, chief executive officer George Kurtz referred to AI agents as both "friend and foe" in the AI economy. There is no question that they are driving productivity, but it also increases the risk of those agents going rogue. Or at least the perception that they will.
In fact, CrowdStrike referred to this quarter as one where the company had a "Mythos moment." That is, companies became so concerned about the threat of rogue AI agents that they turned to CrowdStrike to enhance their cybersecurity.
That statement is backed up by the company's data. In the quarter, the company added over 935 new Falcon Flex customers. Annual recurring revenue (ARR) for Falcon Flex was over $2.29 billion, a 101% year-over-year gain. Plus, the company cited 51% of its Flex customers use six or more modules, up from 48% in the same quarter in fiscal year 2026.
Is CrowdStrike Riding the Trend or the Reason the Trend Exists?Here's where the forecast can get tricky for a company like CrowdStrike. Investors may believe that demand for cybersecurity will increase exponentially over the next five to 10 years. But CrowdStrike isn't alone in this space. There are many competitors, such as Palo Alto Networks NASDAQ: PANW, that have adopted a similar platformization strategy.
In fact, in its most recent quarter, Palo Alto posted its best quarter on record, and PANW rallied over 113% between April and June 2026, bolstered by its acquisition of CyberArk to capitalize on the same agentic AI threat that CrowdStrike is noting.
There are also niche players, such as Okta NASDAQ: OKTA, that are trying to carve out a leadership position in a mission-critical area of the sector. Other names, such as Fortinet NASDAQ: FTNT and SentinelOne NYSE: S, have leaned into comparable messaging, suggesting the demand shock reaches well beyond CrowdStrike's own platform.
Can CRWD Outrun a Lofty Valuation?Once the dust settles on CrowdStrike's bullish report, investors will have to decide whether to pay a hefty premium for CRWD. This brings up growth. CRWD is expensive by traditional metrics. But the same can be said for many cybersecurity stocks.
What makes CrowdStrike different from a company like Palo Alto Networks is its relatively short history. That skews traditional discounted cash flow models by including a period when CrowdStrike wasn't yet profitable. That may not account for what appears to be a multi-year super cycle in cybersecurity demand.
That brings up another important consideration for AI software stocks. These companies aren't facing the same supply chain constraints that could restrict topline growth. Factor in the company's operating margin forecast of 28%-32%, and it becomes clear that EPS growth may be stronger than expected.
Is There More Upside for CRWD?CrowdStrike Stock Forecast Today12-Month Stock Price Forecast:
$218.68
0.13% Upside
Moderate Buy
Based on 51 Analyst Ratings
Current Price$218.40High Forecast$425.00Average Forecast$218.68Low Forecast$112.50CrowdStrike Stock Forecast Details
Like many software stocks, CRWD entered 2026 in near-oversold territory after a strong run higher in 2025. But over the past three months, CRWD has become one of the strongest outperformers in 2026.
The post-earnings push has moved the stock back near its 52-week high. But analysts are already weighing in with bullish sentiment. That means higher price targets will support a higher stock price in the long term.
In the short term, CRWD is likely to give up some of these post-earnings gains. But that's likely to be a case of investors booking profits rather than concerns over the business.
The disagreement over valuation is likely to persist, but there's little debate that if cybersecurity is a rising tide, then CrowdStrike has one of the biggest boats.
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Should You Invest $1,000 in CrowdStrike Right Now?Before you consider CrowdStrike, you'll want to hear this.
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The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Next-Gen SIEM od CrowdStrike ve 2. fiskálním čtvrtletí překonal 695 milionů USD v ARR a dosáhl rekordního čistého přírůstku ARR. Firma těží z poptávky po rychlejším a levnějším nahrazování legacy SIEM i z rostoucích potřeb v oblasti bezpečnosti AI.
Key Takeaways Next-Gen SIEM ARR surpassed $695 million in fiscal Q2, with record quarterly net new ARR.CRWD is winning customers with first-party data, speed, efficiency and a disruptive price point.Rising AI security needs could boost demand as teams monitor threats across AI agents, cloud and identity. CrowdStrike’s (CRWD - Free Report) Next-Gen Security Information and Event Management (SIEM) business continued to grow strongly in the second quarter of fiscal 2027. Ending annual recurring revenue (ARR) for the business surpassed $695 million, while quarterly net new ARR reached a record level. The results show that Next-Gen SIEM is becoming an important part of CrowdStrike’s broader platform.
CrowdStrike is seeing demand from both new and existing customers. Management said that more customers are standardizing on Falcon as the operating system for the security operations center (SOC). The company believes its first-party data advantage and the speed and efficiency of its platform are helping it compete with traditional SIEM products.
CrowdStrike is also competing on cost. Management said Next-Gen SIEM has a disruptive price point because of how the company charges for first-party data generated by its platform. The company sees this as a way to offer faster deployment and better value compared with legacy SIEM products. In the second quarter, a major American power provider replaced a legacy acquired SIEM with CrowdStrike’s Next-Gen SIEM in an eight-figure Falcon Flex deal. Management said the customer selected the product based on its technical capabilities, speed and economics.
The growth of AI could support further demand for Next-Gen SIEM. CrowdStrike said security teams need to monitor activity across AI agents, SaaS, cloud and identity because attacks can move across different environments. This increases the need for a platform like Next-Gen SIEM that can bring security data together. The above-mentioned factors show that continued platform adoption, legacy SIEM replacements and rising AI-related security needs should help Next-Gen SIEM remain an important driver of CRWD's long-term growth.
How Competitors Fare Against CRWDCompetitors like Palo Alto Networks (PANW - Free Report) and SentinelOne (S - Free Report) are also gaining ground through platform expansion and AI innovation.
In the third quarter of fiscal 2026, Palo Alto Networks saw robust growth in its Next-Gen Security ARR, which increased 60% year over year. The growth was driven by increased customer adoption of PANW’s advanced cybersecurity offerings, including its AI-driven XSIAM platform, SASE and software firewalls.
Though comparatively a small competitor, SentinelOne posted second-quarter fiscal 2027 year-over-year growth of 22% in its ARR. The growth was fueled by the rising adoption of SentinelOne’s AI-first Singularity platform and Purple AI.
CRWD’s Price Performance, Valuation and EstimatesShares of CrowdStrike have jumped 94.5% in the year-to-date period compared with the Zacks Security industry’s return of 65.4%.
CRWD YTD Price Return Performance
Image Source: Zacks Investment Research
From a valuation standpoint, CrowdStrike trades at a forward price-to-sales ratio of 34.77, significantly higher than the industry’s average of 16.77. The Zacks Value Score of F also suggests that CRWD stock is overvalued.
CRWD Forward 12-Month P/S Ratio
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for CrowdStrike’s fiscal 2027 and 2028 earnings indicates year-over-year growth of 32.3% and 27.1%, respectively. The estimates for fiscal 2027 and 2028 have remained unchanged over the past 30 days.
Image Source: Zacks Investment Research
CrowdStrike currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
CrowdStrike oznámil „nejlepší čtvrtletí v historii“ s rekordním novým ARR ve výši 333 milionů USD a volným peněžním tokem 377 milionů USD. Firma těží z růstu AI a nových kybernetických hrozeb.
CrowdStrike (CRWD -4.19%) has become an early winner in the artificial intelligence (AI) revolution, and that's delivered a big win to early investors in this cybersecurity giant. The company's innovative platform, Falcon, incorporates AI to identify threats and tackle attacks before they happen. This has translated into explosive revenue growth quarter after quarter, and the company continued marching along this path in the recent period.
In fact, chief George Kurtz called it the "very best quarter in company history." Among other achievements, CrowdStrike delivered record new annual recurring revenue (ARR) and free cash flow. And, importantly, the growth of AI is offering the company a new, significant revenue opportunity.
All of that is positive, but it's also important to keep in mind the stock's explosive performance, something that could mean some of this great news is already priced in. The stock has jumped about 100% over the past year. Is it too late to buy this winning AI stock? Let's find out.
Image source: Getty Images.
CrowdStrike's use of AIWe'll start by taking a look at CrowdStrike's path so far. As mentioned, the company has become a successful user of AI. CrowdStrike's Falcon platform is a lightweight sensor -- meaning it operates in the background and doesn't slow down a computer system's operations -- that looks out for potential danger. The system operates in the cloud and leverages an enterprise's data to detect potential threats and take action.
Falcon offers customers more than 30 modules focused on a range of security specialty areas, from data protection to blocking viruses and securing multi-cloud environments. And the Falcon Flex program allows customers flexibility to manage their changing security needs -- they can shift from one module to another, for example.
All of this has propelled revenue higher. The recent quarter confirmed the company's successes, as new ARR reached a record of $333 million, free cash flow hit a record of $377 million, and Falcon Flex accounts attained an ending ARR of more than $2.2 billion. As mentioned, the company said that this quarter was the best ever -- and expressed significant optimism about what's ahead.
Now, let's consider the newish element that's driving this growth. As Kurtz said during the earnings call, today's AI agent "is both a friend and foe." The AI agent, used increasingly by companies and individuals, carries out various tasks that previously were carried out by humans. This is the actual application of AI to real-world situations, and it's seen as the next big area of AI growth.
New cyberattacksThough these agents can be extremely helpful, they also could lead to new attacks and threats. And this opens up a whole new area of opportunity for CrowdStrike. The company cites the Mythos moment earlier this year -- when Anthropic's Mythos model showed how AI could exploit software vulnerabilities -- as being a key turning point.
"Ever since Mythos, we have seen growth in our business, not measured by meetings or calls, but measured by ARR, and we don't see the threat landscape subsiding," Kurtz said.
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The company said its customers' use of Anthropic's Claude, as well as AI agents in general, is growing in the triple digits -- and this has prompted them to focus more and more on cybersecurity.
All of this suggests that CrowdStrike may be in the early days of another big wave of growth. This is positive, but the stock has soared in recent times, and as a result, it trades for 181x forward earnings estimates -- a level that isn't cheap.
So is it too late to buy this standout cybersecurity player? The answer depends on your investment style. If you're a value investor, you'll find opportunities better suited to your needs elsewhere.
If you're a growth investor, though, you might choose to add a few shares of CrowdStrike to your portfolio even at today's premium price. The recent positive earnings results may be priced in, but the stock still has room to run over the long term. As AI becomes a greater part of daily life, CrowdStrike could see revenue growth explode higher over the long run -- and that could deliver a big win to investors who today choose to buy and hold.
CrowdStrike oznámil nejlepší čtvrtletí v historii, tržby vzrostly o 26 % na 1,47 miliardy USD a společnost zvýšila celoroční výhled na zhruba 6 miliard USD. To zvedlo celý kyberbezpečnostní sektor a zvýšilo laťku pro Palo Alto Networks.
CrowdStrike just posted its best quarter ever and sent cybersecurity stocks surging, but history shows Palo Alto Networks has a nasty habit of falling on strong earnings reports, and the buy side has already baked in a beat.
Palo Alto Networks (NASDAQ: PANW | PANW Price Prediction) reports fiscal fourth-quarter results Tuesday, September 1, 2026, after the market closes. The setup could not be louder. CrowdStrike (NASDAQ:CRWD) just told the market it had its best quarter ever, with revenue up 26% to $1.47 billion and a raised full-year revenue forecast of roughly $6 billion. Cybersecurity is back in favor, and Palo Alto has to prove the excitement extends to its own ledger.
The complication is that Palo Alto shares have gained 101.73% year to date, closing Friday at $371.59. Options traders are bracing for an approximately 8.5% earnings move. My view heading in is that CrowdStrike’s number is evidence of demand, not about Palo Alto’s execution. They are different businesses with different revenue mixes, and treating one as a proxy for the other is exactly how investors get hurt when results land.
What CrowdStrike’s Beat Actually Tells Us CrowdStrike’s quarter was a clean read on AI security demand. Enterprise buyers accelerated spending because they are worried, and the worry is rational. When a peer raises full-year guidance, the sector tends to rise, and Palo Alto has ridden that trend with an 18.28% gain over the past month.
The read-across only goes so far. CrowdStrike sells endpoint and workload protection through a single-vendor platform. Palo Alto sells firewalls, cloud security, identity, and observability, with hardware still contributing roughly 10% of total revenue. A tailwind for one is not automatic revenue for the other.
Where the read-across is real is in the tone CIOs are taking with their budgets. CEO Nikesh Arora said last quarter that “the latest advancements at the AI frontier have increased the level of urgency around cybersecurity, and redefined the shape of the industry for the coming years.” That matches what CrowdStrike described.
The CrowdStrike recap makes clear that demand is being pulled forward by AI-driven threats rather than generic IT growth. Palo Alto’s Unit 42 has been saying the same thing. Its team simulated a ransomware campaign from initial entry to data exfiltration in 25 minutes, against enterprise defenders, a feat that typically takes days.
The fair way to read CrowdStrike’s report is that it raises the hurdle for Palo Alto rather than clearing it. Expectations moved up across the group. If Palo Alto merely meets its own guide, that will look shy compared to a peer that just raised its number.
The Bar PANW Has Set for Itself Palo Alto’s own guidance is the real benchmark for Tuesday. In its third-quarter release, management guided fourth-quarter revenue to $3.345 billion to $3.355 billion, which would be roughly 32% growth.
The more important number is next-generation security ARR. Management guided that metric to $8.9 billion to $8.95 billion, up 59 to 60% year over year. RPO was guided to $20.9 to $21 billion, and non-GAAP EPS to 96 to 98 cents.
Full-year revenue was guided to $11.415 billion to $11.425 billion, with the full-year EPS range at $3.77 to $3.79. Polymarket currently prices in a 94.5% probability of an earnings beat, so a modest beat is already priced in.
History complicates the setup. Palo Alto has beaten estimates in all six of its most recent reported quarters, but the average day-of reaction to those beats was-3.73%. The last three quarters produced day-of reactions of -7.42%, -6.82%, and -5.64%.
The pattern says the real bar is whatever the buy side has already assumed on top of the printed guide. A beat paired with an in-line guide has repeatedly disappointed. That is the environment Palo Alto walks into on Tuesday, and the confirmed release schedule gives management only one shot to reset the reaction.
Organic Growth Is the Number That Matters The CyberArk and Chronosphere acquisitions contributed $388 million to third-quarter revenue and $1.63 billion of the NGS ARR base. That is a lot of reported growth that is not organic, and it is why the headline numbers overstate underlying momentum.
Strip out the deals, and the picture is still good but more modest. Organic NGS ARR grew 28%, and organic current RPO grew 17%, an acceleration from 15% in the prior quarter. Direction matters more than level here.
Product-level signals were stronger. Next-generation firewall bookings rose nearly 40%, SASE ARR grew 40%, and Prisma Airs customer count tripled from about 100 to over 300. XIM ARR crossed $600 million while growing 100%.
Integration risk is real. Stock-based comp reached 17% of revenue because of acquisition-related grants, and Palo Alto swung to a GAAP operating loss of $183 million. Management says the SBC ratio should normalize on a 12 to 18 month run rate.
The number I will be watching is organic NGS ARR. If it stays at or above 28%, the platform story is intact. If it slips into the low twenties, the CrowdStrike read-across breaks down, and the sector rally starts to look uneven.
What the Setup Means for Tuesday Night Valuation is doing a lot of the arguing. Palo Alto trades at a trailing P/E of 333 and a forward P/E of 82. The analyst target of $362.71 now sits below the current price, which is unusual for a stock this beloved.
Analysts still lean bullish, with 45 buy ratings, 9 holds, and 1 sell. But the consensus target says the sell side has not chased the recent rally. That gap is what makes Tuesday a coin flip on price even if the fundamentals land clean.
Options positioning is another read. The September 18 expiration carries 52,657 calls and 55,510 puts of open interest, a balanced setup that leans slightly protective. Traders are hedging, not chasing.
Fiscal 2027 guidance is the other swing factor. Management said last quarter it will begin segment-level revenue disclosures across Network Security, Cortex, and Identity starting in fiscal 2027. Whatever framework accompanies that shift will set the tone for the next year of estimate revisions.
My position is this. CrowdStrike’s beat is evidence of a strong demand backdrop, and that is a separate question from whether Palo Alto will exceed its already aggressive guidance. The stock has been given credit for both. If organic NGS ARR growth holds near 28% and management points to a credible fiscal 2027 setup, the rally is defensible. If either piece wobbles, the historical pattern of post-earnings drawdowns will reassert itself, and an 8.5% move lower is the market’s starting estimate.
Contact [email protected] for any questions or corrections.
Algert Global LLC grew its holdings in shares of CoreCivic, Inc. (NYSE:CXW – Free Report) by 114.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 296,839 shares of the real estate investment trust’s stock after purchasing an additional 158,730 shares during the period. Algert Global LLC owned 0.30% of CoreCivic worth $9,018,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. NBC Securities Inc. raised its holdings in shares of CoreCivic by 533.9% in the 4th quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,228 shares in the last quarter. Persistent Asset Partners Ltd purchased a new position in CoreCivic during the 2nd quarter worth approximately $52,000. Smartleaf Asset Management LLC raised its stake in CoreCivic by 33.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 702 shares during the period. Leonteq Securities AG acquired a new position in CoreCivic during the fourth quarter valued at $57,000. Finally, Fifth Third Bancorp increased its holdings in shares of CoreCivic by 320.7% in the 4th quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 2,546 shares during the period. 85.13% of the stock is currently owned by institutional investors.
Insiders Place Their Bets In related news, Director John R. Prann, Jr. sold 40,000 shares of CoreCivic stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $33.54, for a total value of $1,341,600.00. Following the completion of the sale, the director directly owned 30,396 shares in the company, valued at $1,019,481.84. This trade represents a 56.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anthony L. Grande sold 29,199 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $33.61, for a total transaction of $981,378.39. Following the completion of the transaction, the executive vice president directly owned 164,782 shares in the company, valued at approximately $5,538,323.02. The trade was a 15.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 439,287 shares of company stock valued at $14,734,193 over the last three months. Company insiders own 1.76% of the company’s stock.
More CoreCivic News Here are the key news stories impacting CoreCivic this week: Positive Sentiment: CoreCivic’s board authorized a $500 million share-repurchase program, potentially allowing the company to buy back up to 15.7% of outstanding shares. Buybacks can support per-share earnings and signal that management believes the stock is undervalued. Positive Sentiment: The company’s latest quarterly results exceeded expectations: EPS was $0.38 versus the $0.34 consensus, while revenue of $684.9 million topped estimates of $618.6 million and increased 27.3% year over year. Full-year 2026 EPS guidance remains $2.61–$2.70. Positive Sentiment: Analyst sentiment remains favorable, with a consensus “Buy” rating and an average price target of $37. Several firms have maintained or issued Buy/Outperform ratings. Positive Sentiment: Institutional ownership is high at approximately 85%, and BlackRock recently established a sizable position. Continued institutional demand may provide support for CoreCivic (CXW). Neutral Sentiment: CXW is trading close to its 52-week high and above both its 50-day and 200-day moving averages, indicating strong momentum but also leaving less room for error if sentiment weakens. Negative Sentiment: Multiple insiders sold shares recently. EVP Anthony Grande sold 12,564 shares on August 26 after selling another 7,436 shares on August 24; Director John R. Prann Jr. sold 3,098 shares, and Director Mark A. Emkes sold 30,000 shares. The sales reduced their respective holdings by roughly 8.0%, 4.5%, 38.3% and 17.5%. SEC insider transaction filing Negative Sentiment: Short interest surged 331.5% to 15.4 million shares, equal to 15.9% of the float and about 8.6 days of average trading volume. The increase signals substantially greater bearish positioning and could amplify volatility. Wall Street Analyst Weigh In Several equities analysts recently weighed in on CXW shares. UBS Group set a $35.00 price objective on shares of CoreCivic in a research report on Tuesday, July 7th. JonesTrading restated a “buy” rating and issued a $30.00 target price on shares of CoreCivic in a report on Wednesday, August 5th. Benchmark increased their price target on CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a report on Friday, August 7th. Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Finally, Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, CoreCivic has an average rating of “Buy” and an average target price of $37.00.
View Our Latest Report on CoreCivic
CoreCivic Trading Up 2.3% Shares of CoreCivic stock opened at $33.89 on Thursday. CoreCivic, Inc. has a 52-week low of $15.73 and a 52-week high of $34.86. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.32 and a quick ratio of 1.32. The company’s fifty day moving average price is $31.34 and its two-hundred day moving average price is $24.22. The firm has a market capitalization of $3.35 billion, a PE ratio of 27.11 and a beta of 0.58.
CoreCivic (NYSE:CXW – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. CoreCivic had a return on equity of 9.22% and a net margin of 5.15%.The firm had revenue of $684.92 million for the quarter, compared to analysts’ expectations of $618.63 million. During the same period in the prior year, the business posted $0.59 earnings per share. The business’s revenue was up 27.3% compared to the same quarter last year. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. On average, analysts expect that CoreCivic, Inc. will post 2.69 EPS for the current year.
CoreCivic declared that its board has initiated a share repurchase plan on Monday, August 10th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to purchase up to 15.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
CoreCivic Company Profile (Free Report)
CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.
CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.
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Nio může po výsledcích za 2. čtvrtletí prudce vzrůst, pokud znovu oznámí čistý zisk. Předchozí čtvrtletní zisk 17,1 milionu USD už akcii okamžitě zvedl o 20 %.
Electric vehicles (EVs) have had a rough ride over the last two years in the U.S., with major carmakers like Ford and Honda curtailing EV production, or even canceling some EV models outright.
That stands in sharp contrast to the rest of the world, particularly China, where EV carmakers – juiced by government incentives and an opportunity to seize market share from dominant U.S. and European brands – are flourishing after years of early stage struggles.
One Chinese EV maker, Nio (NIO +0.23%), has been hit particularly hard over the last five years. But its upcoming earnings report could send the stock soaring.
Here's why Nio's upcoming earnings report could be a game changer for its shareholders.
Image source: The Motley Fool.
How Nio is differentAlthough battery-powered electric vehicles (BEVs) are cheaper to operate and maintain than gasoline or hybrid vehicles, there are two important metrics on which they aren't yet competitive with their fossil-fuel-powered brethren: cost and refueling time.
BEVs generally cost thousands of dollars more than comparable gas-powered vehicles or hybrids, and powering them to a full charge, even at a high-powered DC fast-charging station, takes 20 to 60 minutes, far longer than filling up at a gas station.
Nio has come up with a unique solution for these problems. Instead of including the batteries in the purchase price of a Nio vehicle, Nio allows buyers to subscribe to a "Battery-as-a-Service" feature for a monthly fee.
Image source: Getty Images.
Paying the fee allows drivers to visit a special Nio "battery swap" station where they swap their depleted battery array for a fully charged one. The process takes only a few minutes, comparable to the time it takes to fill a gas tank.
This system allows Nio to advertise a lower sticker price for its vehicles and lock in a recurring revenue stream from the battery-swap service.
The only problem for Nio is that, for the battery swap service to be a viable option, it needs to build and maintain a network of battery swap stations, which entails high upfront costs.
Why Nio's earnings report is criticalNio's shares bottomed out at $3.14/share in early 2025. After it posted a quarterly net profit for the first time, the stock jumped to $6.87/share in April, but has since fallen back to $4.38/share, down 93% from its all-time high.
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Despite the decline in its share price, Nio's trailing twelve-month (TTM) revenue has skyrocketed this year to $14.3 billion.
That's because Nio's vehicle deliveries have been soaring. As of July 31, Nio had delivered 227,057 vehicles, a 68% increase from July 2025.
But revenue growth has never been a problem for Nio. Profitability has. Nio's TTM net losses had been moving in the wrong direction for almost a decade, hitting a low point of -$3.4 billion in Q3 2025.
Since then, the company has seen remarkable improvement in its bottom line. It even managed to squeak out a net profit of $17.1 million in Q4 2025, only to post a net loss again in Q1 2026.
That single quarter of net profit immediately caused a 20% jump in the company's stock price. Over the next several weeks, it continued to climb to a 45.6% gain. But the return to a net loss in Q1 had the exact opposite effect: an immediate plunge in share price, followed by months of declines.
If Nio's management announces a net profit in its Q2 earnings report on Tuesday, investors should expect the stock to immediately pop, just like it did in Q4.
Plug Power ve druhém čtvrtletí snížil čistou ztrátu na 190 milionů USD z 228 milionů USD a hrubá marže se zlepšila na nulu. Akcie ale od letošního maxima 4,33 USD spadly téměř o 48 % na 2,27 USD.
Plug Power stock has pulled back sharply in recent months, sliding nearly 48% from its year-to-date high of $4.33 to $2.27. The retreat comes even as the company's turnaround strategy takes shape, with short interest remaining stubbornly elevated throughout the decline. So, is it time to buy PLUG shares?
Plug Power is a top company in the hydrogen power industry. In addition to producing hydrogen, it also makes money by selling electrolyzers and offering services to power plants. Some of its top customers are companies like Amazon and Walmart.
The company has gone through a rough patch in the past few years, with its losses and cash burn rising. This has resulted in the company diluting its shares over time. Its outstanding shares jumped from 230 million in 2019 to 1.39 billion today.
Recently, however, there are signs that the business is improving, with its turnaround strategy starting to bear fruit. Its turnaround has involved pausing some of its projects and announcing layoffs in a bid to boost its margins.
The most recent results showed that its revenue jumped to $178 million in the second quarter from $173 million in the same period last year. It rose to $341 million in the first six months, up by over $40 million from last year.
The revenue increase was driven by a surge in services provided on its fuel cells, power purchase agreements, and fuel delivered to customers. This increase was offset by the decline in the sales of equipment.
Most importantly, the company announced an improvement in its bottom line. It made a net loss of $190 million in the second quarter from $228 million in the same period last year. The company’s gross margins improved to the break-even point, a big improvement from the previous minus 31%.
Plug Power believes that it has a bullish catalyst ahead. For example, it believes that its two biggest customers, Amazon and Walmart, plan to refresh more than 2,000 GenDrive units in the next three years. This will, in turn, lead to a significant recurring revenue opportunity.
Plug Power also boosted its forward estimate. Analysts believe that the annual revenue will come in at $819 million, up by 15% YoY, followed by $968 million.
Still, many investors remain skeptical about Plug Power as evidenced by its substantial short interest, which has jumped to over 20%. This is partly because many investors believe that the company will need to raise cash through dilution.
Plug Power stock chart | Source: TradingView
The daily chart shows that the PLUG share price has slumped in the past few months, falling from the year-to-date high of $4.33 to the current $2.27. It has attempted to rebound after its earnings report.
The stock has found substantial resistance at the 50-day Exponential Moving Average (EMA). That is a sign that bears remain in control for now. Also, there are signs that it has formed a head-and-shoulders pattern, a common bearish reversal.
Therefore, the stock will likely remain under pressure as investors watch for more details on its turnaround strategy. If this happens, the next key support level to watch will be at $1.77, the neckline of the head-and-shoulders pattern. A move below that level will point to more downside to $1.50.
The South Korean government's dismissal of the findings of a congressional report alleging it's waged a targeted campaign against U.S.-based Coupang — commonly known as the Amazon of South Korea — is straining the relationship between the two global allies, officials in Congress and people close to the company told CNBC.
CNBC spoke with nearly a dozen people familiar with the Coupang-related tensions, some of whom asked not to be named in order to discuss sensitive matters. The company's representatives and supporters on Capitol Hill say they're seeking a quick end to what they describe as South Korea's campaign against the online retailer. People familiar with the situation raised the specter of retaliation from Congress or the White House, including potentially additional tariffs on South Korea, if the dispute drags on.
The report by the House Judiciary Committee's Republicans alleges the South Korean government waged an unprecedented offensive on Coupang — which is headquartered in Seattle and does the bulk of its business in South Korea — over a data breach that the company maintains was minimal.
This is really about the relationship between two key allies.
Chris Stewart
Former GOP congressman from Utah and president of lobbying firm Skyline Capitol, which has consulted for Coupang
The South Korean government disagrees on the scope of the breach and has said consumers in the country faced potential harm from their personal details being exposed. It held hearings, threatened criminal charges against Coupang's interim CEO, and levied a record-breaking data-privacy fine on the company.
"This isn't about just some commercial dispute," Chris Stewart, a former Republican congressman from Utah and president of lobbying firm Skyline Capitol, which has a consulting relationship with Coupang, told CNBC about the Coupang issue. "Policymakers, leaders in Congress and the White House understand this is really about the relationship between two key allies."
"The worst thing that could happen is if we get into a tit-for-tat environment, where [the U.S. seeks] to punish Korea in some way or tie this to an increase in tariffs. That's not my hope or desire at all," he said. But if South Korea doesn't back down, he said, "ultimately the president has the power of tariffs, which can be very powerful."
The South Korean government, through its embassy in Washington, said its alliance with the U.S. is "stronger than ever" and criticized the congressional report, which the Judiciary Committee released in July, as largely reflecting only Coupang's claims.
"The Korean Government has consistently engaged with members of the U.S. Congress and officials of the U.S. administration to explain our position regarding the Coupang matter, and we will continue these efforts going forward," a spokesperson for the embassy said.
The Coupang dispute is unfolding against a broader backdrop of friction in the crucial U.S.-South Korea alliance.
President Donald Trump on Aug. 16 said he would scale back annual military drills with South Korea. Asked in late August if the move was related to Coupang, a White House official, who asked not to be named in order to discuss the dispute, told CNBC via email that "there is no direct connection."
Still, the official cited a Trump executive order from last year that targets foreign governments that the administration says are overregulating U.S. technology companies.
"This is not a new focus or issue. That said, the Korean government has been misaligned with us on a number of bilateral issues," the official said.
Sen. Bernie Moreno, R-Ohio, last week sent a letter to U.S. Trade Representative Jamieson Greer urging a formal investigation into South Korea, and potentially additional tariffs on the country, over its treatment of Coupang in the aftermath of the data breach, which he called a "regulatory crusade."
"This specific data breach deserves investigation and may warrant even-handed enforcement. However, the larger pattern emerging in South Korea is cause for intense concern. Seoul has weaponized a small incident into a pretext for widespread weaponization against American enterprise," Moreno wrote.
Coupang spokesperson Erika Reynoso declined to comment on the prospect of tariffs or the specifics of South Korea's response.
"We regret the circumstances that led to a congressional investigation, but we acknowledge the Committee's thorough work to bring the facts to light. We continue to seek a constructive resolution that will strengthen the US-ROK alliance," Reynoso said in a statement, using an abbreviation for the Republic of Korea.
Pressure from Coupang shareholdersBut there is pressure on the U.S. government to act.
In January, two Coupang investors — venture capital firm Greenoaks Capital Partners and tech investment firm Altimeter Capital — petitioned Greer to open a Section 301 investigation into whether the South Korean government was discriminating against the company and to assess additional tariffs. Section 301 of the Trade Act of 1974 allows the U.S. Trade Representative to investigate unfair foreign practices affecting U.S. commerce.
No official investigation has been announced. A spokesperson for Greer did not respond to requests for comment. Marney Cheek, of law firm Covington & Burling, who has represented both investors in the case, also did not respond to a request for comment.
Greenoaks is Coupang's No. 2 shareholder after SB Investment Advisers, holding about 55.3 million shares or 3.38% of shares outstanding, according to FactSet data. Altimeter reported no Coupang holdings as of March 31, after selling its position of roughly 15.7 million shares.
While Trump has not indicated he would pursue an additional tariff investigation, those close to the situation pointed to his repeated commitments to protecting U.S. firms abroad.
"President Trump has been very vocal about fairness for American companies and not getting ripped off," Rep. Michael Baumgartner, R-Wash., who sits on the House Judiciary Committee, said when asked about the potential of retaliatory tariffs stemming from the Coupang dispute. "So yeah, I think [Trump's response] could be significant."
U.S.-South Korea trade pact stallsSouth Korea is the seventh-largest U.S. trading partner, according to the U.S. Census Bureau in June. In 2025, the two countries renegotiated a trade deal as part of Trump's sweeping global tariffs. A key aspect of that deal was a lower tariff rate for South Korea in exchange for a $350 billion investment in U.S. shipbuilding and national security, as well as reducing regulation of U.S. companies.
But South Korea has been slow to finalize projects related to the $350 billion pledged as part of the trade deal, causing friction and threats of tariffs earlier this year from Trump.
In July, Trump imposed new import duties on South Korea and dozens of other countries, citing forced labor violations.
Secretary of State Marco Rubio spoke about the complexities of the U.S.-South Korea relationship during an appearance before the House Foreign Affairs Committee in June. The alleged hostility of South Korea toward Coupang and others has "impacted our ability to conclude a trade agreement with them because of some of their behavior towards American companies," Rubio said.
A covert missionThe U.S. report laid out what Republican investigators said were South Korea's actions involving Coupang since the data breach was disclosed in November, leading to the resignation of the company's CEO, Park Dae-jun, the following month. He apologized in a public statement for the breach, saying he felt "a deep sense of responsibility for the outbreak."
Congressional investigators described what they said were excessive fines, harassment and threats of criminal charges directed by the South Korean government at Coupang. They detail a response to the data breach from the country's authorities that sounds at points like something out of a spy novel.
According to the report, the South Korean government compelled Coupang to hire divers for a covert mission to retrieve a laptop used in the breach by a disgruntled former employee — who is a Chinese national — from a river in Shanghai.
The report outlines the involvement of the Korean National Intelligence Service, or NIS, leading up to the recovery of the computer. Additional documents in the committee's possession — which were obtained by CNBC — include contemporaneous notes from a Coupang representative's phone that describe NIS representatives instructing the company to hire a diver and extract the computer from the river in December.
An internal company memo from around the time of the recovery mission — also obtained by CNBC — indicates Coupang coordinated the computer recovery at the behest of a high-ranking national security officer from the South Korean president's office. Call logs from before, during and after the retrieval show more than 200 calls between South Korean officials and representatives of Coupang, the committee reported.
The South Korean government has denied the report's findings. In a statement to CNBC, the spokesperson for the South Korean embassy said allegations that the government helped coordinate the retrieval are "entirely unfounded."
"The National Intelligence Service (NIS) conducted only working-level consultations with Coupang necessary to facilitate information sharing and prevent further harm in connection with the large-scale personal data breach. At no point did the NIS coerce or instruct Coupang to take any particular action," the spokesperson said.
In late July, after the congressional report was issued, the South Korean government submitted a rebuttal to the committee which the embassy also provided to CNBC.
The rebuttal says the data breach affected 37.55 million people, while the congressional report counters that the "former employee only stored and retained information related to approximately 3,000 accounts." The difference stems from the amount of data that was exposed versus what was retained.
Seoul, in its response, also downplayed the 625 billion won, or $409 million, fine the government levied on Coupang in June for the breach and for allegedly illegally collecting personal information. The New York Times reported that the fine was the largest data-privacy penalty imposed on a company by South Korea. But in its rebuttal, South Korea noted the fine fell far short of the 3% of a company's revenue it could have charged under the country's laws. Coupang reported 2025 revenue of $34.5 billion.
'A shame and a surprise'South Korea's response to the committee report hasn't sat well with Washington Republicans. One person familiar with the thinking of lawmakers on the House Judiciary, Foreign Affairs and Armed Services committees, who asked not to be named in order to speak candidly, emphasized the importance of the relationship between the U.S. and South Korea and called the episode "a shame and a surprise."
The person said Congress was considering all tools at its disposal, including sanctions.
"This report is too comprehensive and too full of facts to be rejected. Calling us liars will set us back even further," the person said, referring to U.S.-South Korea relations.
A former senior Trump White House official said "no one in Congress or the White House can understand why the South Korean government continues to lie about its attacks on U.S. companies, especially Coupang. This behavior is seriously undermining Korea's credibility in the U.S., and it looks performative to benefit their relationship with China." The official asked not to be named in order to speak candidly.
The South Korean embassy spokesperson called the suggestion "entirely unfounded."
However, the reaction on Capitol Hill — where Coupang has mounted an extensive lobbying effort — has not been universal outrage.
One Capitol Hill Democrat familiar with the Judiciary probe, who asked not to be named in order to speak candidly, questioned the GOP's intense focus on Coupang, given the company's limited footprint in the U.S., and pointed to the company's ties to the Trump White House.
Coupang donated $1 million to Trump's inaugural fund in 2024, putting it on par with Google, Meta and Nvidia. Kevin Warsh, now chairman of the Federal Reserve, was a Coupang board member from 2019 until earlier this year. And Rob Porter, its chief global affairs officer, was White House staff secretary in the first Trump administration.
But Coupang's corporate political action committee has frequently donated to candidates from both parties. And other Democrats, especially those from Coupang's home state, Washington, have joined their Republican colleagues in denouncing South Korea's posture toward the company.
Rep. Suzan DelBene, who represents part of the Seattle metropolitan area, said at a Ways and Means Committee hearing in January that she'd heard from Coupang and others that South Korea was violating the antidiscrimination commitments in the 2025 trade agreement.
And Sen. Maria Cantwell, also a Washington Democrat, sent a letter in February to South Korea's ambassador in Washington expressing her "grave concern" over the country's treatment of Coupang.
Undermining an allianceCoupang is not the first American company to complain of targeting by South Korean regulators. Other U.S.-based digital companies such as Google and Netflix have at times found themselves crosswise with the South Korean government.
Still, Coupang's supporters say they've never seen South Korea go after a company with the intensity with which it has pursued Coupang.
Baumgartner, who in late July introduced a bill that would give Congress the power to deem individual foreign officials subject to deportation or denial of entry if they engage in "economic discrimination" against the U.S., called South Korea's response "farcical" and "dismissive."
"Whatever happened with the data breach, none of it merited this over-the-top, punitive response," he said.
— Kevin Breuninger and Luke Fountain contributed to this report.
