Ausdal Financial Partners Inc. bought a new position in CSX Corporation (NASDAQ:CSX – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,504 shares of the transportation company’s stock, valued at approximately $594,000.
A number of other institutional investors have also recently bought and sold shares of the business. N.E.W. Advisory Services LLC acquired a new stake in shares of CSX during the 2nd quarter valued at about $27,000. Manning & Napier Advisors LLC acquired a new position in CSX in the second quarter worth about $30,000. Arlington Trust Co LLC lifted its stake in CSX by 58.0% during the second quarter. Arlington Trust Co LLC now owns 681 shares of the transportation company’s stock worth $32,000 after purchasing an additional 250 shares during the period. First Bancorp Inc ME bought a new position in CSX during the second quarter worth about $33,000. Finally, Meeder Asset Management Inc. acquired a new stake in CSX during the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 73.57% of the company’s stock.
Analysts Set New Price Targets Several equities research analysts have recently weighed in on the company. Weiss Ratings upgraded CSX from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Benchmark reaffirmed a “buy” rating and issued a $54.00 price target (up from $48.00) on shares of CSX in a research note on Wednesday, July 15th. Wall Street Zen cut CSX from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Argus set a $56.00 price objective on CSX in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. increased their price objective on CSX from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Eighteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.31.
Check Out Our Latest Report on CSX CSX Price Performance CSX stock opened at $51.54 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.72 and a current ratio of 0.82. The firm has a market cap of $95.48 billion, a P/E ratio of 29.79, a P/E/G ratio of 2.36 and a beta of 1.21. The business’s fifty day moving average is $49.80 and its two-hundred day moving average is $45.53. CSX Corporation has a 52 week low of $31.80 and a 52 week high of $53.60.
CSX (NASDAQ:CSX – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. CSX had a return on equity of 24.98% and a net margin of 22.21%.The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the previous year, the business posted $0.44 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities research analysts forecast that CSX Corporation will post 2 earnings per share for the current fiscal year.
CSX Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, August 31st. CSX’s dividend payout ratio is presently 32.37%.
Insider Activity at CSX In other news, CAO Angela C. Williams sold 30,000 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $53.29, for a total transaction of $1,598,700.00. Following the completion of the sale, the chief accounting officer owned 10,437 shares in the company, valued at $556,187.73. The trade was a 74.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Michael S. Burns sold 13,000 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $52.68, for a total value of $684,840.00. Following the transaction, the senior vice president directly owned 59,643 shares in the company, valued at $3,141,993.24. This trade represents a 17.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 189,708 shares of company stock valued at $9,132,304 over the last three months. 0.30% of the stock is owned by company insiders.
CSX Company Profile (Free Report)
CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.
CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.
Recommended Stories Five stocks we like better than CSX Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape SEC Probe Puts Wall Street Leverage Risk Back in Focus A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole Five Below’s Turnaround Is Working—But Has the Stock Run Too Far? Want to see what other hedge funds are holding CSX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CSX Corporation (NASDAQ:CSX – Free Report).
Receive News & Ratings for CSX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX and related companies with MarketBeat.com's FREE daily email newsletter.
Workday (WDAY - Free Report) came out with quarterly earnings of $2.75 per share, beating the Zacks Consensus Estimate of $2.62 per share. This compares to earnings of $2.21 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +4.96%. A quarter ago, it was expected that this maker of human resources software would post earnings of $2.49 per share when it actually produced earnings of $2.66, delivering a surprise of +6.83%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Workday, which belongs to the Zacks Internet - Software industry, posted revenues of $2.65 billion for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 0.57%. This compares to year-ago revenues of $2.35 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.
Workday shares have lost about 11.2% since the beginning of the year versus the S&P 500's gain of 12.1%.
What's Next for Workday?While Workday 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 Workday was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.65 on $2.69 billion in revenues for the coming quarter and $10.81 on $10.66 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, UiPath (PATH - Free Report) , is yet to report results for the quarter ended July 2026. The results are expected to be released on September 3.
This enterprise automation software developer is expected to post quarterly earnings of $0.15 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
UiPath's revenues are expected to be $397.59 million, up 9.9% from the year-ago quarter.
Workday, Inc. (WDAY) Q2 2027 Earnings Call August 27, 2026 4:30 PM EDT
Company Participants
Justin Furby - Vice President of Investor Relations
Aneel Bhusri - Co-Founder, CEO & Executive Chairman of the Board
Gerrit Kazmaier - President of Product & Technology
Gabriel Monroy - Chief Technology Officer
Robert Enslin - President & Chief Commercial Officer
Zane Rowe - Chief Financial Officer
Conference Call Participants
Gabriela Borges - Goldman Sachs Group, Inc., Research Division
Michael Turrin - Wells Fargo Securities, LLC, Research Division
S. Kirk Materne - Evercore ISI Institutional Equities, Research Division
John DiFucci - Guggenheim Securities, LLC, Research Division
Aleksandr Zukin - Wolfe Research, LLC
Karl Keirstead
Samik Chatterjee
Presentation
Operator
Ladies and gentlemen, welcome to Workday's Second Quarter Fiscal Year 2027 Earnings Call. [Operator Instructions]
I will now hand it over to Justin Furby, Vice President of Investor Relations. Please go ahead.
Justin Furby
Vice President of Investor Relations
Thank you, operator. Welcome to Workday's Second Quarter Fiscal 2027 Earnings Conference Call. On the call, we have Aneel Bhusri, our CEO; Gerrit Kazmaier, our President, Product and Technology; Gabe Monroy, our Chief Technology Officer; Rob Enslin, our President and Chief Commercial Officer; and Zane Rowe, our CFO. Following prepared remarks, we will take questions. Our press release was issued after close of market and is posted on our website where this call is being simultaneously webcast.
Before we get started, we want to emphasize that some of our statements on this call, particularly our guidance, are based on the information we have as of today and include forward-looking statements regarding our financial results, applications and solutions, customer demand, operations and other matters. These statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially. Please refer to the press release and the risk factors and documents we file with the Securities and Exchange Commission, including our fiscal 2026 annual report on
Workday Inc (NASDAQ:WDAY) on Thursday reported upbeat financial results for the second quarter, but lowered its FY27 sales guidance.
Workday reported quarterly earnings of $2.75 per share which beat the analyst consensus estimate of $2.61 per share. The company reported quarterly sales of $2.649 billion which beat the analyst consensus estimate of $2.636 billion.
Workday cut its FY2027 sales guidance from $10.635 billion-$10.660 billion to $9.940 billion-$9.950 billion.
“We had a strong Q2, with AI driving more than 25% of our new ACV and more than 5,500 customers now using at least one of our organic agents,” said Aneel Bhusri, co-founder, CEO, and chair, Workday. “Because of Workday’s deterministic rails, customers can trust our agents with the work that matters, and you’re seeing that in the numbers.”
Workday shares rose 0.1% to $193.75 in pre-market trading
These analysts made changes to their price targets on Workday following earnings announcement.
Piper Sandler analyst Billy Fitzsimmons maintained the stock with a Neutral and raised the price target from $145 to $190. Needham analyst Scott Berg maintained the stock with a Buy and raised the price target from $180 to $230. Morgan Stanley analyst Keith Weiss maintained the stock with an Underweight rating and raised the price target from $145 to $180. Cantor Fitzgerald analyst Matthew Vanvliet maintained the stock with an Overweight rating and lowered the price target from $220 to $205. Trending
Considering buying WDAY stock? Here’s what analysts think:
Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
Workday uvedl, že AI neohrožuje jeho byznys, ale naopak ho táhne: tržby ve 2. čtvrtletí vzrostly o 12,8 % na 2,65 miliardy USD a AI tvořila 25 % nové smluvní hodnoty.
Workday NASDAQ: WDAY was among the hardest hit by SaaS-pocalypse fears—and among the best positioned for a rebound. The takeaway from Q2 reporting is that AI isn’t disrupting its business so much as driving it.
AI modelers aren’t disrupting the business, and neither are the customers, who, it was feared, might develop their own internal human resources automation tools. In reality, businesses and enterprises are turning to Workday in record numbers as it transitions from a legacy operator to a new-age agentic AI enabler.
Get Workday alerts:
Workday Today
$204.72 0.00 (0.00%)
As of 08/28/2026 04:00 PM Eastern
$110.36▼
$249.8541.53
$206.00
Reasons why the stock price could continue to rise in 2026 and beyond are record sales, hypergrowth in core agentic AI segments, the deal pipeline, adoption rates, and margins. Unlike AI infrastructure operators, which are heavily burdened with front-end costs, Workday is among the few that are successfully monetizing AI today.
Among the critical details are Workday's cash flow and the capital returns it enables. Workday is a share-buying machine, buying back approximately $1.33 billion in shares during the quarter and issuing a new authorization.
Buybacks helped reduce the share count by about 8.8% from a year earlier. The new authorization is worth $4 billion, or about 8.3% of the late-August market cap.
Workday Is in the Early Stages of an AI BoomWorkday posted a strong quarter, with revenue growth and guidance that exceeded expectations. Revenue grew by 12.8% to $2.65 billion, marginally better than expected, underpinned by subscriptions and AI.
Subscriptions grew 13.9%, while AI accounted for 25% of new contract value as adoption accelerated. Adoption, as indicated by the number of clients using at least one agentic product, grew by 35%. The backlog also grew solidly, up 14.2% on a 12-month basis and 8% overall, pointing to continued strength in the coming quarters.
Margin was the real bright spot. The company widened margins at all levels, driving faster earnings growth despite increased investment. Adjusted operating income margin grew 210 basis points (bps), driving $2.75 in adjusted earnings per share, up 20% from the prior year and nearly 15 cents above expectations.
WDAY Market Underprices Growth PotentialGuidance could be a catalyst for higher stock prices, with Q3 and full-year targets above consensus forecasts, underpinned by new and expanded deals with hyperscalers, including Alphabet’s NASDAQ: GOOGL Google Cloud and Amazon's NASDAQ: AMZN AWS.
The likely outcome is that Workday continues to gain momentum and outperforms its forecast in the subsequent quarter.
The question now is where the stock price might go before then, and the trends are strongly bullish. The problem is that initial analyst responses to the release, as bullish as they were, only lifted targets to the $220 range. In this scenario, analysts are signaling a bottom in the stock and potential for it to rise over time, but near-term upside is limited.
Long-term, the upside potential is ample. The stock trades at a reasonably low price-to-earnings multiple today, about 17.5x the current-year guidance, which doesn't fully price in the growth trajectory.
Analysts forecast substantial earnings growth in the coming years, which could significantly compress Workday’s forward P/E multiple. In this scenario, WDAY stock could rise by several hundred percentage points over the coming years, exceeding $1,000 within the next few years.
Analysts and institutional data reflect caution, but also an underlying confidence not found in most stocks. Thirty-eight analysts cover WDAY, a high number for any stock, and the consensus is Hold, with a 51.3% Buy-side bias and an uptrend in price targets likely to continue as the year progresses.
Institutions show a more visibly bullish posture, owning nearly 90% of the stock and accumulating quarterly over the trailing 12 months. Their activity conspicuously accelerated in late Q2 and early Q3, coinciding with the stock price rebound, limiting risk in Q3.
Workday has an added tailwind in the short interest. Short interest was falling ahead of the release and will likely accelerate the decline now that guidance is in. The risk is that short sellers will reposition at a higher level, reinforcing the idea that near-term upside may be limited. Lingering SaaS-pocalypse fears add to the risk, setting the stage for volatility in upcoming quarters, if not an outright correction, should weaker-than-expected earnings or bad news emerge.
Chart price action is bullish, signaling the continuation of the trend. The risk, again, is that candlestick action limits near-term upside. The early-August price surge triggered selling and resistance at the long-term 150-week EMA, indicating a price cap near $227.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in Workday Right Now?Before you consider Workday, 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 Workday wasn't on the list.
While Workday currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Dell Technologies říká, že agentic AI bude automatizovat práci, měnit infrastrukturu i bezpečnost. Firma už používá agenty v CRM i ve vývoji softwaru a varuje před „agent washing“.
Dell Technologies (NYSE:DELL) is positioning agentic artificial intelligence as a shift not only in enterprise infrastructure, but also in how companies organize work, manage costs and secure autonomous systems.
At The Six Five Summit’s AI infrastructure track, John Roese, Dell’s global chief technology officer and chief AI officer, said enterprises are moving beyond earlier generative AI efforts centered on making proprietary data available through chatbots and assistants. Agentic AI, he said, is distinct because it is designed to perform work autonomously rather than simply help employees access information.
“You’re not just unlocking data,” Roese said. “What you are doing is digitizing work. You are literally shifting work from a human being to a machine.” From AI pilots to production systems Roese said Dell has developed agents over the past two years and moved them into production during the last year. The company is using agents in areas including CRM data cleanup, software development and special pricing, he said.
He cautioned, however, that the market is experiencing substantial “agent washing,” with chatbots, digital assistants and autonomous agents frequently grouped together despite having different capabilities. Dell views the distinction as important because autonomous agents require different infrastructure, technology stacks and governance models than earlier generative AI deployments, Roese said.
According to Roese, targeted uses of AI assistants can generate productivity gains of 20% to 40% around a task. Agentic systems, by contrast, can produce larger changes by taking on categories of work and allowing employees to focus on higher-value responsibilities.
Matt Murphy, president and chief executive officer of Marvell Technology, said the infrastructure requirements of production agentic AI differ substantially from AI training workloads. While training emphasizes compute and interconnects, agentic inference increasingly makes memory capacity and bandwidth critical, he said.
Agents retain state through long workflows, repeated calls and interactions with other agents, Murphy said. As a result, larger context windows and workflows involving 20 to 30 turns can exhaust memory capacity and bandwidth before compute capacity is fully used.
Murphy also said CPUs will play a larger role in agentic environments by orchestrating branching logic, tool calls, retrieval, sandboxed code execution and coordination among agents. He added that latency becomes a major challenge at scale because production deployments may involve hundreds or thousands of coordinated agents, creating tail-latency issues that cannot simply be solved by adding more nodes.
Jobs change as work is automated, Roese says Roese argued that autonomous agents should not be viewed as “digital humans” or as direct replacements for entire jobs. Instead, he described jobs as containers comprising multiple kinds of work, including productivity, hygiene, coordination, expert and human-element work.
Agents can take over portions of that work, he said, causing jobs to evolve rather than disappear. For example, he said coding assistants initially reduced lower-level productivity work for engineers, such as code annotations and comments. More advanced, spec-driven agentic development can also automate coding and elements of CI/CD coordination, leaving engineers to focus more heavily on architecture, requirements and customer interaction.
“They do not take your job, they change your job,” Roese said.
Dell analyzed 6,800 jobs as part of its work on the impact of agents, Roese said. He said the company’s conclusion is that every job will change because each includes some work that agents can extract, while employees will increasingly focus on expert and human-facing activities.
Governance, hybrid infrastructure and token economics Roese said organizational change must be deliberate and directed from the top of the company. Dell initially identified 900 AI projects, canceled them and focused on about 13, he said. Those projects, according to Roese, helped the company decouple revenue growth from its cost structure.
As agentic technologies spread into jobs and processes, companies must avoid treating them as isolated task-automation projects, he said. Instead, they need to identify outcome-oriented work, establish governance and target deployments where organizations can manage the associated operational changes.
Roese also said businesses will need a diverse approach to AI infrastructure and token consumption. The economics of an agent that supports executive decision-making can differ materially from those of an agent handling low-value CRM data-cleansing work, he said.
Dell uses several sources of AI intelligence, Roese said, including open models run on-premises, frontier models in Dell data centers, frontier models in controlled virtual private clouds, APIs and models operating on devices. The mix provides choices across economics, performance, compliance and functionality, he said.
“You cannot do that with a monoculture,” Roese said, arguing that hybrid architectures are necessary because enterprise work is diverse.
Security model must evolve for autonomous agents On security, Roese said post-quantum cryptography is a manageable but real concern, particularly for data moving across public interfaces using weak encryption or key-management protocols. He said the industry has developed post-quantum algorithms and has time to deploy them, though organizations should account for “capture now, harvest later” risks.
He said the broader security challenge involves agents themselves. Dell now requires autonomous agents that access its data—whether internal or external—to carry a Dell-issued digital identity. That identity supports fine-grained authorization and gives Dell the ability to revoke an agent’s access if needed, Roese said.
Roese said this identity-based approach effectively provides a kill switch for agents, including those operating on third-party platforms. He also highlighted the security challenges posed by “headless agents,” which operate independently rather than directly on behalf of an individual employee.
Companies cannot assume existing IT and security practices are sufficient for agentic AI, Roese said. They must adapt their infrastructure, governance, identity systems and organizational structures as autonomous systems take on more enterprise work.
About Dell Technologies (NYSE:DELL) Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.
Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.
Dell má zveřejnit výsledky za 2. čtvrtletí 1. září před otevřením trhu; analytici čekají EPS 4,91 USD a tržby 44,90 miliardy USD. V minulém čtvrtletí firma překonala odhad EPS o 65 %.
Dell Technologies Inc. (NASDAQ:DELL) shares are in the spotlight Thursday, with earnings on deck, recent analyst activity, a technical setup showing the stock trading nearly 95% above its 200-day average and Edge Rankings all drawing attention.
Dell stock is showing upward movement. Why are DELL shares climbing? Earnings Preview & HistoryDell is scheduled to report second-quarter earnings on Sept. 1, before market open. Analysts estimate earnings per share of $4.91 along with revenue of approximately $44.90 billion. For the prior quarter, Dell reported earnings per share of $4.86, beating the consensus estimate of $2.94. The company also posted revenue of $43.84 billion, exceeding the consensus estimate of $35.45 billion.
Dell’s AI Backlog and Storage Growth in FocusInvestors will be closely tracking AI server backlog growth beyond last quarter’s record $51.3 billion figure, since supply — not demand — has become the primary constraint on how quickly Dell can convert orders into recognized revenue, with component shortages now spanning memory, CPUs, optical parts, and hard drives. Storage segment performance will also be in focus, with analysts expecting roughly 10% year-over-year growth on easier comparisons and rising AI-driven demand.
Commentary on cloud customer spending, including from CoreWeave Inc. (NASDAQ:CRWV) and SpaceX (NASDAQ:SPCX), along with any updates to full-year fiscal 2027 guidance, should offer additional signals on whether Dell’s recent momentum can continue given the stock’s more than 240% gain over the past year.
Analyst Consensus & Recent ActionsThe stock carries a Buy rating with an average price forecast of $491.44. Recent analyst moves include:
UBS: Neutral (Raises Target to $455.00) (Aug. 26) Morgan Stanley: Equal-Weight (Raises Target to $434.00) (Aug. 24) Evercore ISI Group: Outperform (Raises Target to $550.00) (Aug. 19) Dell Trades Nearly 95% Above Its 200-Day AverageDell’s longer-term trend is still pointed up, with the stock up 250.05% over the past 12 months and holding well above its major moving averages. At the current level, it’s trading 4% above the 20-day SMA ($452.03), 9.1% above the 50-day SMA ($431.07), 34.4% above the 100-day SMA ($349.73), and 94.7% above the 200-day SMA ($241.54).
From a trend-structure standpoint, the moving-average stack remains bullish: the 20-day SMA is above the 50-day SMA, and the golden cross that triggered in March (50-day SMA above the 200-day SMA) continues to support the bigger uptrend narrative. The more recent turning points also matter here: the stock put in a swing low in June, then pushed to a swing high and a 52-week high in August, which helps frame the current area as consolidation after a strong run.
For momentum, RSI is the cleanest read right now: at 54.79, it’s in neutral territory, suggesting the stock isn’t especially stretched in either direction despite the big multi-month move. In plain terms, RSI helps traders gauge whether buying or selling pressure is getting "overheated," and this reading implies Dell has room to move without immediately flashing an overbought/oversold warning.
Key Resistance: $485.50 — a nearby ceiling that sits between current price and the 52-week high ($514.00), where rallies can start to stall Key Support: $378.50 — a prior buyer-defense zone that also lines up as a meaningful pullback level versus the current uptrend Benzinga Edge RankingsBelow is the Benzinga Edge scorecard for Dell, highlighting its strengths and weaknesses compared to the broader market:
Momentum: Bullish (Score: 99.32) — The stock is showing strong relative strength, consistent with its extended uptrend. Value: Weak (Score: 23.34) — The setup screens as expensive versus typical value metrics, which can raise the bar for earnings execution. Growth: Bullish (Score: 76.52) — Growth factors are supportive, helping explain why buyers have been willing to pay a premium. The Verdict: Dell’s Benzinga Edge signal reveals a momentum-driven, growth-leaning profile with a clear premium-valuation tradeoff. For longer-term holders, the chart strength is the draw, but the low Value score means the next earnings update can matter more than usual for sentiment.
Read Next
Dell Shares Edge HigherDELL Price Action: At the time of publication, Dell shares are trading 1.35% higher at $470.06, according to data from Benzinga Pro.
Image via Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
The upcoming report from Dell Technologies (DELL - Free Report) is expected to reveal quarterly earnings of $4.95 per share, indicating an increase of 113.4% compared to the year-ago period. Analysts forecast revenues of $45.25 billion, representing an increase of 52% year over year.
The consensus EPS estimate for the quarter has undergone an upward revision of 5.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Dell Technologies metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Net Revenue- Infrastructure Solutions Group' should come in at $28.06 billion. The estimate points to a change of +67% from the year-ago quarter.
Analysts expect 'Net Revenue- Client Solutions Group' to come in at $14.56 billion. The estimate suggests a change of +16.4% year over year.
The average prediction of analysts places 'Net Revenue- Infrastructure Solutions Group- Storage' at $4.26 billion. The estimate points to a change of +10.5% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Net Revenue- Client Solutions Group- Consumer' of $1.93 billion. The estimate suggests a change of +11.9% year over year.
Analysts predict that the 'Net Revenue- Client Solutions Group- Commercial' will reach $13.17 billion. The estimate indicates a year-over-year change of +22.2%.
Analysts forecast 'Net Revenue- Infrastructure Solutions Group- Servers and networking' to reach $25.76 billion. The estimate suggests a change of +99% year over year.
It is projected by analysts that the 'Net Revenue- Corporate and Other' will reach $177.16 million. The estimate indicates a year-over-year change of -62.6%.
Analysts' assessment points toward 'Net Revenue- Products' reaching $36.73 billion. The estimate suggests a change of +53.4% year over year.
Based on the collective assessment of analysts, 'Net Revenue- Services' should arrive at $7.99 billion. The estimate indicates a year-over-year change of +36.8%.
The combined assessment of analysts suggests that 'Operating Income- Client Solutions Group' will likely reach $988.72 million. The estimate is in contrast to the year-ago figure of $803.00 million.
The consensus among analysts is that 'Operating Income- Infrastructure Solutions Group' will reach $3.38 billion. Compared to the present estimate, the company reported $1.47 billion in the same quarter last year.
View all Key Company Metrics for Dell Technologies here>>>
Over the past month, shares of Dell Technologies have returned +25.5% versus the Zacks S&P 500 composite's +3.7% change. Currently, DELL carries a Zacks Rank #1 (Strong Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Dell Technologies uzavřela fiskální 1. čtvrtletí 2027 s rekordním AI backlogem 51,3 mld. USD a zvýšila výhled tržeb z AI serverů na zhruba 60 mld. USD ve fiskálním roce 2027. Tržby z AI serverů vyskočily o 757 % na 16,1 mld. USD.
Key Takeaways DELL ended fiscal Q1 2027 with a record $51.3B AI backlog as demand exceeded supply.AI server revenues jumped 757% to $16.1B in fiscal Q1 2027, lifting ISG revenues 181% to $29B.DELL raised fiscal 2027 AI server revenue guidance to about $60B as its customer base grew. Dell Technologies (DELL - Free Report) is benefiting from strong AI infrastructure demand as enterprises, neocloud providers and sovereign customers expand investments in accelerated computing. The company’s growing AI-optimized server business is strengthening Infrastructure Solutions Group (ISG) growth, while its record AI backlog provides greater visibility into future deployments. DELL is broadening its AI portfolio across compute, networking, storage, software and services, helping the company capture a larger share of AI infrastructure spending alongside NVIDIA (NVDA - Free Report) and Cisco Systems (CSCO - Free Report) .
AI server demand has accelerated sharply. In the first quarter of fiscal 2027, DELL booked $24.4 billion in AI orders and generated $16.1 billion in AI-optimized server revenues, up 757% year over year. This momentum helped ISG revenues surge 181% year over year to a record $29 billion, while ISG operating income climbed 206% to $3.1 billion. DELL’s AI customer base surpassed 5,000, increasing more than 50% over the past six months, with traction across neocloud, sovereign and enterprise customers.
The expanding backlog provides substantial visibility into future growth. DELL exited the first quarter of fiscal 2027 with a record $51.3 billion AI backlog, while its pipeline continued to grow sequentially and remained multiples of backlog even after $24.4 billion in AI orders were booked. DELL expects to exit the year with meaningful backlog, indicating that demand extends beyond near-term shipments. Management said demand continues to exceed supply, with memory remaining the primary constraint.
DELL is strengthening its ability to capture this demand through integrated rack-scale infrastructure. The company introduced Dell PowerRack, a factory-integrated solution combining compute, networking and storage, while expanding support for NVIDIA’s Vera Rubin architecture. DELL is also enhancing PowerEdge servers, AI data platforms and storage offerings such as PowerStore Elite, ObjectScale and PowerFlex. These products should help customers deploy AI infrastructure faster while addressing performance, security, data residency and on-premise requirements.
AI growth is supporting operating leverage, with ISG operating margin increasing 80 basis points to 10.5% despite AI-server revenues rising nearly eightfold. AI-server profitability remained in line with DELL’s mid-single-digit operating-income margin target. Reflecting strong demand, DELL raised its fiscal 2027 AI-server revenue expectation to roughly $60 billion.
DELL Faces Tough CompetitionNVIDIA is capturing a growing portion of AI infrastructure spending through its full-stack platform. Amazon Web Services (AWS) plans to add more than 1 million Blackwell and Rubin GPUs, while GB300 delivered a 2.7-times throughput improvement and a 60% reduction in cost per token. Vera Rubin is expected to deliver up to 35 times higher inference throughput than Blackwell, strengthening NVIDIA’s position across compute, CPUs, networking and AI systems.
Cisco is also gaining traction. The company booked $9.3 billion in hyperscaler AI infrastructure orders in fiscal 2026 and expects $7.5 billion of related revenues in fiscal 2027. Cisco has multiple AI design wins and expects further opportunities, supported by Silicon One, Acacia optics and data-center networking solutions.
DELL’s Share Price Performance, Valuation & EstimatesShares of Dell Technologies have appreciated 275.1% year to date, outperforming the broader Zacks Computer and Technology sector’s 17.8% growth.
DELL Stock’s Price Performance
Image Source: Zacks Investment Research
DELL stock is trading at a premium, with a forward 12-month price-to-earnings ratio of 21.90X compared with the broader sector’s 21.25X. Dell Technologies has a Value Score of D.
DELL’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Dell Technologies earnings is currently pegged at $4.88 per share, down by a cent over the past 30 days, suggesting 110.34% growth.
Dell Technologies currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Dell zveřejní výsledky po uzavření trhu v úterý; opce naznačují pohyb akcií až o 10 % oběma směry do konce týdne. Analytici čekají tržby 45,19 miliardy USD a upravený EPS 4,91 USD.
Key Takeaways
Dell’s next earnings report is set to be released after markets close Tuesday, with the server maker’s stock seen nearing its recent highs after the results.Sales and profits are expected to have surged in Dell’s second quarter amid growing demand for the company’s servers to be used in AI data centers.
Dell Technologies is set to release its latest quarterly earnings after the closing bell Tuesday, with the computer and server maker’s stock seen nearing its recent highs.1
Current options pricing suggests traders expect Dell (DELL) shares could swing up to 10% in either direction by the end of the week following the results. A move of that size from Friday afternoon’s level around $460 could see the stock rally as high as $506, approaching a record high of $514 reached earlier this month. The low end of that range would be $413, giving back some of the stock’s gains this year.
Dell’s stock has soared some 260% in 2026 so far, making it one of the biggest gainers in the S&P 500 this year amid growing demand for the company’s servers in AI data centers. Back in May Dell topped estimates with its quarterly results and lifted its full-year forecast, sending shares up more than 30% in a single session.
Why This Matters to Investors
Dell’s earnings come after a volatile stretch for the AI trade, as worries around the sustainability of spending on hardware have rattled confidence in the sector.
Morgan Stanley analysts wrote ahead of the results that Dell and other hardware makers face elevated expectations, with Wall Street looking for a big bump in Dell’s full-year profit forecasts as prices have surged in recent months.2
Analysts are looking for Dell to report second-quarter revenue of $45.19 billion, up more than 50% year-over-year. Adjusted earnings per share are seen coming in at $4.91, more than double what Dell reported the same time a year ago, according to estimates compiled by Visible Alpha.
Wall Street analysts are largely bullish on Dell, with the six analysts tracked by Visible Alpha split between five “buy” and one neutral rating. Their average price target of $505 would suggest around 10% upside from the stock’s recent level.
Do you have a news tip for Investopedia reporters? Please email us at
Dell míří na hospodářské výsledky za 2. fiskální čtvrtletí 2027 s odhady EPS 4,88 až 4,95 USD a tržeb 44,2 až 45,3 miliardy USD. Wall Street zůstává býčí, i když akcie ustoupily z maxim nad 500 USD.
Dell Technologies (NYSE: DELL) heads into its fiscal second-quarter 2027 earnings report on September 1, with Wall Street maintaining a bullish outlook despite a recent pullback from highs above $500.
Analysts expect earnings per share of $4.88 to $4.95, up roughly 110% to 113% from $2.32 a year ago, while revenue is projected at $44.2 billion to $45.3 billion, representing annual growth of about 50% to 52%.
The estimates broadly align with management’s prior guidance for revenue of $44 billion to $45 billion and non-GAAP EPS of approximately $4.80.
The optimism follows a strong first quarter, when Dell reported revenue of $43.84 billion, up 88% year over year, and non-GAAP EPS of $4.86. AI server revenue reached $16.1 billion, while AI orders totaled $24.4 billion and backlog climbed to a record $51.3 billion.
Following the results, Dell raised its fiscal 2027 outlook, projecting annual revenue of $165 billion to $169 billion and AI-optimized server revenue of about $60 billion.
DELL stock price prediction As of press time, Dell shares were trading at about $456 after retreating from highs above $500.
Based on forecasts from 13 Wall Street analysts over the past three months, the average 12-month price target stands at $529.18, implying upside of 15.99% from current levels.
Among the analysts tracked by TipRanks, 10 rate Dell a ‘Buy’ and three recommend ‘Hold’, while none rate the stock a ‘Sell’. The highest price target stands at $700, while the lowest forecast is $434.
DELL 12-month stock price prediction. Source: TipRanks Investor optimism remains centered on Dell’s Infrastructure Solutions Group, which includes its server, storage, and networking businesses.
Impact of earnings on DELL stock The upcoming earnings report is a key catalyst for the stock. Strong results and another guidance increase could reinforce the bullish outlook and support further gains toward analyst price targets.
Beyond AI server sales, Dell has benefited from growing adoption of its Dell AI Factory platform, which helps enterprises deploy AI workloads across on-premises, cloud, and hybrid environments.
The company has also expanded its AI infrastructure offerings through partnerships with Nvidia and large-scale enterprise AI projects, strengthening its position in the fast-growing AI infrastructure market.
However, Dell’s sharp rally has raised expectations, leaving little room for disappointment. Management has previously indicated that supply constraints remain a bigger challenge than demand, while the growing contribution of AI hardware could pressure margins.
Any slowdown in AI spending or weaker-than-expected guidance could weigh on the stock after its strong 2026 run.
Featured image via Shutterstock
Best Crypto Exchange for Intermediate Traders and Investors
Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.
0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.
30+ million Users worldwide
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD
Join Finbold's newsroom, become a Sales Executive today! Apply now to join Finbold as a crypto/finance news writer!
Cigna Healthcare spouští Smart Coverage, které může oprávněným členům nabídnout až 7 000 USD na kryté úrazy, nemoci nebo hospitalizace. Zavedení začne 1. ledna 2027 pro klienty v USA s 500 až 2 999 zaměstnanci.
Key Takeaways Cigna's Smart Coverage may provide eligible members up to $7,000 for covered health events.Simple File Sync Plus automatically matches qualifying medical claims with supplemental benefits.Smart Coverage launches Jan. 1, 2027, for U.S. clients with 500 to 2,999 employees. The Cigna Group’s (CI - Free Report) health benefits arm, Cigna Healthcare, is linking medical and supplemental health benefits through a new connected experience designed to make cash support easier to access for costly health events. Its Medical with Smart Coverage option can be added to qualifying high-deductible health plans and may provide eligible members up to $7,000 for covered injuries, illnesses or hospitalizations.
Cigna is also rolling out Simple File Sync Plus, which automatically matches qualifying medical claims with eligible supplemental benefits, reducing paperwork and missed claims. Smart Coverage launches Jan. 1, 2027, for U.S. clients with 500 to 2,999 employees at launch, with broader availability planned for 2028.
The move targets a clear affordability gap in employer health coverage. Cigna and Ipsos found nearly 60% of Americans are not financially prepared for a health event, while 44% have spent at least $1,000 out of pocket after a diagnosis, injury or hospitalization. Fewer than one-third understand that supplemental benefits can also cover everyday costs including groceries, housing or child care.
Meanwhile, half of workers with employer-sponsored medical coverage were offered a high-deductible plan in 2024, versus 38% in 2015. Cigna says employees are more than 2.5 times likelier to enroll when supplemental benefits are available alongside them today.
The launch could strengthen Cigna’s employer offering by making high-deductible plans easier to sell and supplemental coverage easier to use. That may support client retention, new account wins and higher participation in supplemental products, creating incremental premium and fee opportunities over time.
How Are Peers Placed?UnitedHealth Group Incorporated (UNH - Free Report) and Elevance Health, Inc. (ELV - Free Report) offer solutions that are similar to the connected-benefits approach. UnitedHealthcare’s Benefit Ally combines medical coverage with accident, critical-illness and hospital-indemnity benefits. For qualifying medical events, the system can automatically identify eligibility and trigger supplemental payouts, reducing or eliminating the need for employees to file separate claims. UnitedHealth also has Benefit Assist, which uses integrated medical-claims data to initiate supplemental claims. Elevance is doing something similar through Anthem. Its Whole Health Connection links Anthem medical coverage with accident, critical-illness and hospital-indemnity plans. When medical claims indicate that a member may qualify for a supplemental benefit, Anthem automatically alerts the member.
CI’s Price Performance, Valuation and EstimatesShares of Cigna have gained 2% year to date, underperforming the broader industry’s growth of 22.1%.
Image Source: Zacks Investment Research
From a valuation standpoint, Cigna trades at a forward price-to-earnings ratio of 8.67X, down from the industry average of 16.13X. CI carries a Value Score of A.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Cigna’s 2026 earnings implies 2.3% growth year over year, followed by a 9.5% improvement next year.
Image Source: Zacks Investment Research
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Callan Family Office LLC raised its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 8.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,770 shares of the manufacturing equipment provider’s stock after buying an additional 2,377 shares during the period. Applied Materials comprises approximately 0.4% of Callan Family Office LLC’s investment portfolio, making the stock its 29th biggest position. Callan Family Office LLC’s holdings in Applied Materials were worth $22,247,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Applied Materials by 1.6% in the second quarter. BlackRock Inc. now owns 80,212,518 shares of the manufacturing equipment provider’s stock worth $57,993,650,000 after buying an additional 1,237,685 shares during the period. Capital Research Global Investors raised its holdings in shares of Applied Materials by 119.8% during the fourth quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider’s stock valued at $8,405,458,000 after acquiring an additional 17,829,377 shares during the period. Morgan Stanley raised its holdings in shares of Applied Materials by 3.4% during the fourth quarter. Morgan Stanley now owns 11,470,835 shares of the manufacturing equipment provider’s stock valued at $2,947,891,000 after acquiring an additional 373,012 shares during the period. Norges Bank purchased a new stake in shares of Applied Materials in the 4th quarter valued at approximately $2,858,543,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Applied Materials by 17.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,688,232 shares of the manufacturing equipment provider’s stock valued at $2,746,769,000 after acquiring an additional 1,558,749 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.
Analyst Ratings Changes AMAT has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Applied Materials from $515.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. Raymond James Financial set a $650.00 target price on Applied Materials in a research report on Wednesday, June 10th. Seaport Research Partners reiterated a “buy” rating and set a $575.00 price target on shares of Applied Materials in a report on Friday, August 14th. Bank of America dropped their price target on Applied Materials from $720.00 to $650.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Applied Materials in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Applied Materials has a consensus rating of “Moderate Buy” and a consensus price target of $659.83.
Read Our Latest Report on AMAT Applied Materials Price Performance Shares of NASDAQ:AMAT opened at $484.19 on Tuesday. The stock has a market capitalization of $384.25 billion, a P/E ratio of 41.74, a P/E/G ratio of 1.06 and a beta of 1.61. The business has a 50-day moving average of $560.64 and a two-hundred day moving average of $453.08. Applied Materials, Inc. has a fifty-two week low of $154.46 and a fifty-two week high of $739.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79.
Applied Materials (NASDAQ:AMAT – Get Free Report) last announced its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, topping the consensus estimate of $3.40 by $0.10. The firm had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.99 billion. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The business’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. On average, equities research analysts predict that Applied Materials, Inc. will post 12.73 EPS for the current fiscal year.
Applied Materials Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials’s dividend payout ratio (DPR) is presently 18.28%.
Insider Activity at Applied Materials In other Applied Materials news, CEO Gary E. Dickerson sold 20,000 shares of Applied Materials stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $735.22, for a total transaction of $14,704,400.00. Following the sale, the chief executive officer owned 1,599,843 shares in the company, valued at $1,176,236,570.46. The trade was a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Omkaram Nalamasu sold 24,263 shares of Applied Materials stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total transaction of $14,398,392.09. Following the sale, the senior vice president owned 146,916 shares in the company, valued at approximately $87,184,361.88. This trade represents a 14.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 276,692 shares of company stock worth $169,030,834 in the last three months. Company insiders own 0.30% of the company’s stock.
(Free Report)
Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.
Applied Materials’ offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.
Further Reading Five stocks we like better than Applied Materials 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 AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMAT – Free Report).
Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.com's FREE daily email newsletter.
Arete Wealth Advisors LLC purchased a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,831 shares of the manufacturing equipment provider’s stock, valued at approximately $10,723,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Harborfront Financial Group LLC purchased a new stake in Applied Materials during the 2nd quarter valued at about $27,000. BOK Financial Private Wealth Inc. purchased a new position in Applied Materials in the 2nd quarter worth approximately $41,000. Financial Freedom LLC purchased a new position in Applied Materials in the 1st quarter worth approximately $28,000. Elevation Wealth Partners LLC lifted its position in Applied Materials by 34.8% in the second quarter. Elevation Wealth Partners LLC now owns 93 shares of the manufacturing equipment provider’s stock valued at $67,000 after purchasing an additional 24 shares during the last quarter. Finally, Cornerstone Financial Management LLC bought a new stake in Applied Materials in the fourth quarter valued at approximately $25,000. 80.56% of the stock is owned by institutional investors.
Insiders Place Their Bets In other Applied Materials news, SVP Timothy M. Deane sold 8,621 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the completion of the transaction, the senior vice president owned 134,631 shares of the company’s stock, valued at approximately $79,534,609.56. This trade represents a 6.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Prabu G. Raja sold 10,000 shares of Applied Materials stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $633.53, for a total transaction of $6,335,300.00. Following the transaction, the insider owned 346,642 shares of the company’s stock, valued at $219,608,106.26. The trade was a 2.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 276,692 shares of company stock valued at $169,030,834. Insiders own 0.30% of the company’s stock.
Analyst Upgrades and Downgrades Several research analysts have recently issued reports on the stock. Raymond James Financial set a $650.00 target price on shares of Applied Materials in a report on Wednesday, June 10th. Royal Bank Of Canada upped their price target on shares of Applied Materials from $520.00 to $600.00 and gave the company an “outperform” rating in a report on Friday, August 14th. KeyCorp increased their price target on shares of Applied Materials from $550.00 to $750.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Wells Fargo & Company raised their price target on shares of Applied Materials from $715.00 to $740.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $645.00 price objective on shares of Applied Materials in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $657.76. Get Our Latest Stock Report on AMAT
Key Headlines Impacting Applied Materials Here are the key news stories impacting Applied Materials this week:
Positive Sentiment: Goldman Sachs reportedly named Applied Materials a “top pick,” citing the company’s exposure to the continued buildout of AI infrastructure and chip-manufacturing capacity. Applied Materials Stock Is Named a Top Pick at Goldman Sachs Positive Sentiment: Analysts see significant upside after the stock’s decline from its high, with AI-driven semiconductor investment and record quarterly revenue supporting bullish price targets. One report cited an average target near $641, implying roughly 32% potential appreciation from recent levels. Wall Street Sees Rally Despite Decline From Peak Positive Sentiment: Applied Materials is viewed as a key beneficiary of AI infrastructure spending because its equipment and engineering solutions are essential to advanced semiconductor manufacturing. Why Investors Should Buy the Dip in AMAT Neutral Sentiment: Mizuho lowered its Applied Materials price target from $650 to $590 but retained an “outperform” rating. The reduced target reflects more cautious expectations, while the rating still indicates confidence in the company’s longer-term prospects. Benzinga Neutral Sentiment: The reported August short-interest figures show zero shares and a mathematically invalid change, making the data unreliable and unlikely to provide a meaningful trading signal. Negative Sentiment: Semiconductor stocks broadly declined as investors reduced risk ahead of NVIDIA’s results, weighing on Applied Materials alongside other chipmakers. Semiconductor Stocks Slide Ahead of NVIDIA Earnings Applied Materials Stock Down 0.9% Shares of NASDAQ:AMAT opened at $480.04 on Wednesday. The firm has a market capitalization of $380.96 billion, a P/E ratio of 41.38, a P/E/G ratio of 1.04 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.79 and a current ratio of 2.42. The stock has a 50 day moving average price of $558.87 and a 200-day moving average price of $454.37. Applied Materials, Inc. has a 52-week low of $154.46 and a 52-week high of $739.67.
Applied Materials (NASDAQ:AMAT – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.10. The company had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The firm’s revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, equities research analysts anticipate that Applied Materials, Inc. will post 12.73 EPS for the current fiscal year.
Applied Materials Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.12 annualized dividend and a yield of 0.4%. Applied Materials’s payout ratio is presently 18.28%.
Applied Materials Profile (Free Report)
Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.
Applied Materials’ offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.
Featured Articles Five stocks we like better than Applied Materials Pathward’s Credit Scare Tests Its Comeback Story Wiring the AI Boom: Rumble’s $13.7B Pivot StoneX: Too Far Too Fast? DICK’s Sporting Goods Faces Pain Now for a Bigger Prize Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMAT – Free Report).
Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.com's FREE daily email newsletter.
Applied Materials uvedl, že tržby AGS vzrostly ve 3. fiskálním čtvrtletí roku 2026 o 22 % na rekordních 1,78 miliardy USD. Firma očekává, že AGS v roce 2026 poroste o více než 20 %.
Key Takeaways Applied Materials' AGS revenues rose 22% to a record $1.78 billion, with margins expanding year over year.AGS is expected to grow more than 20% in 2026 and at a sustainable mid-teens rate long term.Rising fab utilization and yield demands are boosting demand for AMAT's advanced services and parts. Applied Materials’ (AMAT - Free Report) Applied Global Services (“AGS”) business is becoming an increasingly important source of recurring and higher-margin revenues. In the third quarter of fiscal 2026, AGS generated a record $1.78 billion in revenues, up 22% year over year, driven by growth in subscription services and strong transactional parts demand. AGS also delivered a 35.6% gross margin and 30.1% operating margin, up 180 basis points and 280 basis points, respectively, from a year earlier.
The strategic value of AGS extends beyond its revenue contribution. As semiconductor manufacturers operate fabs at high utilization and work to increase yield, output and ramp speed, AMAT is seeing greater demand for advanced service solutions. Management said most leading-edge logic and DRAM fabs are running at full capacity, while utilization is rising across other markets as well. This creates opportunities for AGS to help customers optimize the performance of their existing high-volume manufacturing operations.
Management now expects AGS revenues to grow more than 20% in 2026 and sees a sustainable long-term annual growth rate in the mid-teens. That outlook reflects the increasing value of advanced services as customers seek to improve fab yields and output while ramping new capacity. AMAT is therefore expanding AGS alongside the broader semiconductor capacity buildout rather than relying solely on new equipment sales.
As a result, AGS is becoming an important part of Applied Materials’ long-term earnings model. Its combination of subscription services, parts demand, advanced AI-enabled services and expanding margins provides AMAT with growing revenues by supporting customers throughout their manufacturing operations.
With AGS expected to grow more than 20% in 2026 and at a sustainable mid-teens rate over the long term, the segment should remain an important contributor to AMAT’s growth and profitability as AI drives higher semiconductor capacity, utilization and yield requirements.
How Competitors Fare Against AMATSince AMAT serves its own installed base through the AGS business, so there are no competitors in this segment. But in the broader product category, AMAT competes with ASML Holding (ASML - Free Report) and Lam Research (LRCX - Free Report) .
ASML is experiencing strong demand from DRAM and logic customers, which are ramping leading-edge nodes using ASML’s NXE:3800E EUV systems. Additionally, ASML noted that multiple DRAM customers are adopting EUV lithography, which helps shorten cycle time and lower costs. However, AMAT offers a broad range of WFE products that do not compete directly with ASML and Lam Research, making it a stock worth holding.
Lam Research secured multiple critical etch wins at a major DRAM manufacturer with its new Akara etch system, which supports 3D DRAM architectures. This was supported by LRCX’s customer investments in DDR5, LPDDR5 and high-bandwidth memory. Additionally, Lam Research’s Aether dry-resist technology was recently selected as the production tool of record for a leading DRAM customer, securing a foothold in this high-growth segment.
AMAT’s Price Performance, Valuation and EstimatesShares of Applied Materials have surged 86.8% year to date compared with the Zacks Electronics - Semiconductors industry’s growth of 24.9%.
AMAT YTD Performance Chart
Image Source: Zacks Investment Research
From a valuation standpoint, Applied Materials trades at a forward price-to-sales ratio of 8.81X, higher than the industry’s average of 4.95X.
AMAT Forward 12-Month (P/S) Valuation Chart
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Applied Materials’ fiscal 2026 and 2027 earnings implies year-over-year growth of 35% and 42.8%, respectively. The estimates for fiscal 2026 and 2027 have been revised upward over the past 30 days.
Image Source: Zacks Investment Research
Applied Materials currently sports a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Čína nařídila výrobcům čipů používat při nové kapacitě alespoň 50 % domácího vybavení, což zvyšuje tlak na Applied Materials. Firma přitom ve fiskálním 1. čtvrtletí 2026 získala z Číny 29,9 % tržeb.
China just unveiled domestic immersion DUV lithography systems, and semiconductor equipment stocks sold off hard, but the companies actually in the crosshairs may not be the ones investors are panicking about.
China has directed semiconductor manufacturers to use at least 50% domestically produced equipment when adding new capacity, according to a Reuters report citing people familiar with the policy. Fab projects that fail to meet that threshold are generally denied regulatory approval, although flexibility remains where no suitable Chinese tool is available. The requirement favors domestic equipment suppliers such as Naura Technology and AMEC over foreign companies and provides the context needed to understand China’s newly announced immersion deep-ultraviolet lithography systems.
Reports that Shanghai Aishengna Electronic Technology Group has begun producing immersion DUV systems sent shares of ASML Holding (ASML | ASML Price Prediction) down sharply and contributed to weakness across semiconductor equipment stocks, including Applied Materials (AMAT). The initial reaction treated the development as evidence that China could begin replacing Western equipment across its semiconductor industry. That conclusion is directionally understandable, but the immediate effect on Applied Materials is being overstated.
Applied Materials does not manufacture lithography systems. A Chinese immersion DUV machine competes directly with ASML, not with Applied Materials’ deposition, etch, thermal-processing, metrology, inspection and advanced-packaging systems. The greater risk is indirect and longer term: if domestic lithography becomes commercially usable, it fills one of the largest remaining holes in China’s equipment supply chain and allows Chinese fabs to build production lines containing a higher percentage of domestic deposition, etch, cleaning and chemical mechanical planarization equipment.
For investors, the distinction matters. Five unproven Chinese DUV systems will not materially change Applied Materials’ earnings in 2026. But the combination of China’s 50% domestic-equipment requirement, rapidly growing local equipment companies, and expanding fabs at CXMT, SMIC and Hua Hong could reduce Applied Materials’ addressable market in China over several years.
Applied Materials Remains Heavily Exposed to China Applied Materials generated $2.095 billion from China during its fiscal first quarter of 2026, representing 29.9% of total company revenue. China remained the company’s largest individual geographic market even though revenue declined 6.6% from $2.243 billion one year earlier.
China exposure held close to that level in fiscal Q2: reported China revenue was $2.087 billion, or 26.4% of the quarter’s $7.910 billion total. Across the first half of fiscal 2026, China generated $4.182 billion of Applied Materials’ $14.922 billion in revenue — 28.0% of the total (Table 1).
These figures do not mean that all $2.087 billion of quarterly China revenue is threatened by CXMT or Chinese DUV. U.S. controls already restrict exports of specified semiconductor manufacturing equipment used to produce advanced chips in China. The thresholds include logic at 16/14nm or below, DRAM at 18nm calculated half-pitch or below, and advanced NAND.
Applied Materials’ remaining China revenue therefore includes portions of the market it can still legally serve: qualifying mature-node fabs, specialty devices, packaging, display-related manufacturing, services and unrestricted customers. Its current China business should not be confused with the advanced memory and logic opportunities from which the company has already been partially excluded — exclusions that carry a real, quantified cost. Applied Materials has guided to roughly a $600 million revenue headwind in fiscal 2026 from expanded U.S. export restrictions, including $110 million in the fiscal fourth quarter alone.
China’s domestic-equipment policy layers a second risk on top of that sanctions-driven one. Chinese fabs are being encouraged to buy local equipment even in markets where foreign tools remain legally available, putting Applied Materials’ permitted China business under competitive pressure while it is simultaneously locked out of the country’s most advanced capacity additions.
Chinese Equipment Suppliers Are Already Gaining Share China’s domestic equipment industry is no longer a collection of small development programs. Naura supplies deposition, etch, furnaces, rapid thermal processing and other systems. AMEC competes in etch and deposition. Piotech participates in deposition, while Hwatsing Technology supplies CMP equipment. ACM Research (ACMR), through its large Chinese operating presence, supplies wet cleaning, plating, furnace and packaging systems, although its U.S. headquarters and dual corporate structure distinguish it from purely domestic companies such as Naura and AMEC.
Combined sales from six major Chinese semiconductor equipment suppliers increased from $748 million in 2020 to $7.608 billion in 2025 — more than a tenfold increase in five years. Their adjusted worldwide WFE share rose from 1.2% to 6.5% over the same period. These companies collectively grew sales 29.9% in 2025, led by Piotech, AMEC and Hwatsing (Table 2).
Chinese equipment companies do not need to replace Applied Materials worldwide to affect its financial performance — they only need to gain share inside China, where Applied Materials still produces more than a quarter of its revenue. The 50% domestic-equipment requirement gives them a protected qualification environment, while U.S. export controls limit the foreign competition they face at advanced Chinese fabs.
Domestic DUV can accelerate this process even if the scanners initially perform far below ASML’s systems. Lithography has remained one of the largest weaknesses in China’s equipment ecosystem. Progress there makes it easier to assemble a complete Chinese production line rather than pairing Chinese deposition and etch systems with imported ASML scanners.
Five Chinese DUV Systems Do Not Constitute Mass Production Shanghai Aishengna is reportedly targeting approximately five immersion DUV systems in 2026 and 20 in 2027. Initial deliveries are expected to go to SMIC, Hua Hong and CXMT. By comparison, ASML shipped 131 immersion DUV systems in 2025.
The Chinese systems reportedly use mostly domestic components, though selected critical parts still come from Japan. They also trail ASML’s scanners in performance, reliability and build quality and could require months of testing before entering production. China’s domestic EUV initiative remains at the prototype stage and is likely years from supporting commercial chip output.
Aishengna’s 2027 production target would equal only about 15.3% of ASML’s 2025 immersion DUV shipments (Table 3). The near-term numbers are small, but the planned customers are strategically important: China’s leading foundry, a major mature-node producer and its principal DRAM manufacturer.
“Mass production” therefore overstates the immediate commercial threat. Five systems are closer to a qualification fleet than a volume-production program. The investment significance is not that Aishengna is about to displace ASML across China, but that the scanners will be installed at the fabs most important to China’s semiconductor self-sufficiency strategy — where they can be tested alongside Chinese deposition, etch, cleaning, CMP and process-control equipment. If the resulting production line hits acceptable throughput and yield, later capacity expansions can carry a progressively higher share of domestic tools.
CXMT Demonstrates the Longer-Term Risk CXMT is the clearest example of how this equipment ecosystem could develop. The company is now the world’s fourth-largest DRAM producer, behind SK hynix, Samsung Electronics and Micron Technology (MU). Its G4 16Gb DDR5 process has an approximately 16nm feature size, placing it within the U.S. advanced-DRAM threshold covering production at 18nm calculated half-pitch or below.
Consequently, Applied Materials cannot freely compete for much of the equipment required for CXMT’s newest DRAM production. CXMT is not simply choosing Naura over Applied Materials in an unrestricted competitive bid. U.S. rules have already limited Applied Materials’ ability to supply and service controlled tools at advanced Chinese memory facilities.
The impact is no longer only theoretical. Industry trackers estimate that domestic equipment now accounts for roughly 40% to 50% of the tools installed on CXMT’s production lines, a share expected to rise as new expansion phases begin. In core processes such as etch, domestic penetration reportedly exceeds 60% at some facilities, although I have not independently been able to verify these figures. Naura, AMEC and other Chinese suppliers, not Applied Materials, are already capturing much of the equipment spending tied to China’s fastest-growing DRAM producer.
This means CXMT’s expansion represents foregone growth as much as direct displacement of Applied Materials’ currently reported China revenue, and the foregone share is already substantial. CXMT’s capacity reached approximately 290,000 wafer starts per month in Q1 2026 and could approach 350,000 by year-end. New fabs under construction in Shanghai and Hefei could eventually lift CXMT’s capacity above 600,000 wafers per month and allow it to overtake Micron in physical wafer capacity by 2030.
CXMT will still trail Micron technologically. Its older process produces fewer bits per wafer, while Micron receives additional revenue from leading-edge DRAM and HBM. However, CXMT’s lower manufacturing efficiency may require greater wafer capacity and equipment intensity to produce a given number of bits. That would normally create an opportunity for deposition and etch suppliers. China’s domestic-equipment policy, and CXMT’s own sourcing pattern, instead directs much of that opportunity toward local companies.
China’s DUV program reinforces this outcome. CXMT has already relied on imported ASML DUV systems and multi-patterning to produce advanced DRAM without EUV. A domestic DUV platform would not immediately give CXMT the same technology as Micron, Samsung or SK hynix, but it could allow the company to add future lithography capacity without depending entirely on additional ASML shipments or foreign servicing.
Applied Materials’ AI Opportunity Remains Intact The China risk should not obscure Applied Materials’ growth opportunities elsewhere. AI is increasing demand for advanced logic, gate-all-around transistors, HBM, high-performance interconnects, 3D architectures and advanced packaging. These transitions increase materials-engineering intensity and support demand for Applied Materials’ deposition, etch and packaging systems.
The company’s June 2026 product introductions for 2nm and advanced 3D architectures — including its Viva nanosheet engineering platform and new ALD and etch systems — target precisely these AI-related manufacturing transitions. Spending by TSMC, Samsung, Intel, Micron and SK hynix can offset some of the equipment opportunities Applied Materials cannot pursue in China.
China’s five initial DUV systems therefore do not invalidate the Applied Materials investment story; they are too few, too immature and too far behind ASML to produce an immediate earnings shock. The larger issue is whether domestic DUV lets China qualify a complete equipment ecosystem that eventually reaches beyond restricted advanced fabs and begins displacing Applied Materials in the mature-node and specialty markets where it can still sell.
Investor Takeaway The market reaction to China’s domestic DUV announcement exaggerated the near-term threat to Applied Materials. Aishengna does not compete directly with Applied Materials, and five planned systems will not materially reduce its 2026 revenue. Applied Materials’ most important AI-related growth opportunities remain tied to advanced manufacturing outside China, where its deposition, etch, gate-all-around and packaging technologies retain strong competitive positions.
The longer-term China risk is nevertheless real, and CXMT shows it is no longer only longer-term. Applied Materials generated 29.9% of fiscal Q1 2026 revenue from China, while six major Chinese equipment companies increased combined sales more than tenfold between 2020 and 2025. China’s 50% domestic-equipment requirement gives those suppliers a structural advantage, and CXMT—one of the first planned recipients of China’s domestic DUV systems—already sources an estimated 40%–50% of its production-line equipment domestically.
For investors, the correct interpretation is not that Chinese DUV immediately threatens Applied Materials’ earnings. It is that China has turned its fastest-growing advanced fab into a protected qualification market for domestic processing equipment, and CXMT’s rising localization rate is the clearest evidence of how far that substitution has already progressed. Applied Materials can continue growing through AI-driven investment elsewhere, but a progressively self-sufficient Chinese equipment industry will limit how much of China’s semiconductor expansion the company can capture.
Contact [email protected] for any questions or corrections.
Společnost Applied Materials uvedla, že AI letos pohání asi 80 % růstu v oblasti zařízení pro výrobu waferů, hlavně v oblasti advanced logic, pamětí a pokročilého pouzdření. Dickerson zároveň řekl, že byznys s pokročilým pouzdřením letos roste o více než 50 %.
Applied Materials Beat Everything but Wall Street’s Expectations for MarginsApplied Materials NASDAQ: AMAT President and CEO Gary Dickerson said artificial intelligence is creating what he views as the semiconductor industry’s most consequential growth inflection, driving demand for new computing architectures, memory technologies and advanced packaging.
Speaking at The Six Five Summit: AI Unleashed 2026, Dickerson said AI’s impact will extend beyond software applications and data centers, reshaping how semiconductor equipment makers develop products, serve customers and commercialize new chip technologies.
Get Applied Materials alerts:
MarketBeat Week in Review – 06/22 - 06/26“AI is the biggest inflection of our lifetimes,” Dickerson said. “I think it’s going to transform every industry. It’s going to touch every individual.”
AI-Driven Demand Across Chip Manufacturing Dickerson said Applied Materials is using AI internally in product development, operations, supply chain management and services. He emphasized that the company’s goal is not primarily to reduce headcount, but to accelerate products and services to market and support revenue growth.
From Quantum to Clothing: Insider Trades Hit 3 Big NamesHe said the company is introducing products this year that it would not have been able to bring to market without AI. Applied’s service business, meanwhile, is growing at a 20% compound annual growth rate, according to Dickerson.
On semiconductor demand, Dickerson said the current AI cycle is more pervasive than prior technology transitions, including the shift from mainframes to personal computers and the mobile-computing boom. He said demand is being supported not only by people using computing resources but also by AI agents consuming compute capacity.
“The compute demand is going to keep going up,” Dickerson said, pointing to data-center workloads as well as emerging edge-AI applications. He said the economics of AI adoption are compelling enough to support continued demand across industries.
In wafer-fab equipment, about 80% of growth this year is tied to AI-driven areas, including advanced logic, memory such as high-bandwidth memory, and advanced packaging, he said. Dickerson also said Applied Materials holds the No. 1 position in each of those segments.
Memory, Packaging and Materials Innovation Dickerson said the industry’s focus is increasingly on improving “tokens per second per watt” and lowering the cost per token. Achieving those goals will require innovation across the technology stack rather than merely producing more chips, he said.
He highlighted several areas of development:
Advanced logic technologies designed to process more data. Faster memory and high-bandwidth memory technologies intended to move data on and off chips more quickly. Stacked memory approaches aimed at placing chips closer together to improve speed and reduce power consumption. Advanced packaging technologies that connect multiple computing components and influence performance, power and cost. Applied Materials’ advanced-packaging business is growing by more than 50% this year, Dickerson said. He added that an advanced package next year could contain more than 300 chips, more than 500 billion transistors and more than 2,000 miles of wiring.
Material science will be central to enabling these new architectures, according to Dickerson. He said the company is developing materials as thin as one or two nanometers and controlling them within an angstrom, or one-tenth of a nanometer.
EPIC Center Investment Targets Faster Commercialization Dickerson discussed Applied Materials’ $5 billion investment in its EPIC Center in Silicon Valley, describing it as an effort to bring together the company, customers, customers’ customers and supply-chain partners to speed the development and commercialization of semiconductor technologies.
Rather than pursuing innovation through a sequential process from materials to systems, the facility is intended to support earlier and closer collaboration among technology partners, he said. Dickerson called the approach “high-velocity co-innovation.”
The objective is not simply to introduce new architectures first, he said, but to ramp them at high yields, with reliability and competitive costs. “If you don’t have those three things, cost doesn’t matter,” Dickerson said, referring to performance, yield and reliability.
Dickerson said the center is intended to help partners bring architectures to market faster, secure design wins and give Applied Materials greater visibility into technology needs across multiple future nodes. That visibility, he said, can help the company determine where to direct research-and-development investment.
“We have to innovate the way we innovate, or we will not accomplish what we could accomplish together,” Dickerson said. He added that the company is seeing strong interest from ecosystem partners in collaborating on AI-focused computing technologies.
About Applied Materials (NASDAQ:AMAT)Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.
Applied Materials' offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.
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].
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in Applied Materials Right Now?Before you consider Applied Materials, 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 Applied Materials wasn't on the list.
While Applied Materials currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries. "Physical AI" is coming. Learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Black Hills ve 2Q FY2026 zvýšila tržby o 3 % na 452,8 mil. USD a upravený EPS vzrostl z 0,38 USD na 0,50 USD. Firma má forward výnos z dividend 3,8 % a status Dividend King.
There's often a catch with "high-yield" dividend stocks: a payout that looks tempting, yet is unsustainable. Case in point: The highest-yielding dividend stock right now is Gmex Robotics Corporation, with a forward yield of 9,514.19%. But yield alone doesn't make a stock worth owning.
Now contrast that with Black Hills Corp. (BKH -0.84%). Investors looking for a company with a long history of dividend growth can still find its yield meaningfully attractive, especially if they're prioritizing safety along with income.
Image source: Getty Images.
This unassuming utility provider operates in the Great Plains and Mountain West regions. It sits right in the middle of the biggest market boom in 50 years, delivering impressive returns while paying attractive yields. It's also the highest-yielding dividend stock with a consensus "Strong Buy" rating from Wall Street analysts.
But that begs the question: Is this stock worth owning?
Black Hills' Q2 2026 earnings show steady growth and improving efficiency Like any good stock story, it starts with the numbers.
In second-quarter fiscal year 2026, revenue rose 3% to $452.8 million. That's modest by most accounts, but considering that GAAP diluted earnings per share jumped from $0.38 a year earlier to $0.50 (+31%), the picture becomes more interesting. It suggests that Black Hills grew earnings far faster than revenue, indicating the company became more efficient and squeezed more profit out of each dollar of sales.
Does the company still have headroom to grow revenue even further? Apparently, yes.
Wyoming's data center demand could extend Black Hills' growth runway Management has flagged Wyoming as an area of interest because of data center demand. In fact, the state has projected 3 gigawatts of demand, with 600 megawatts already in the company's plans through 2030.
Who's driving that 600-megawatt demand? Microsoft and Meta Platforms, two of the world's biggest artificial intelligence hyperscalers.
That's not to say that all the benefits from Wyoming's demand will happen sometime in the future. According to Black Hills President and CEO Linden R. Evans, the company has "recorded and reliably served 20 consecutive years of increasing peak system loads [in the state], a remarkable 183% increase since we acquired the utility in 2005."
In other words, Black Hills already has a strong foundation for rising electricity demand, and data centers could drive it even higher. That growth has already shown up in the price, which is up 25% in the last year.
At around $72, the stock is trading just 9% below its 52-week high and only 18% below its all-time high, set in 2020.
What Wall Street sees in Black Hills' valuation
Premium Feature
Moneyball Superscore
67/100
Today's Change
(
-0.84
%) $
-0.62
Current Price
$
72.80
Those kinds of numbers tend to spook more conservative investors, but that doesn't seem to be the case here. Right now, Black Hills is trading at a P/E around 18x, compared to the sector median of 19x. P/E, or price-to-earnings, is a valuation metric that compares the stock price to the company's earnings per share. The lower the number, the better. That means Black Hills is a little cheaper than many of its peers in the Utility sector.
Furthermore, Wall Street is rather optimistic about the company, with its rating jumping from Moderate to Strong Buy in the last three months, and the high target price suggests a 21% potential upside in the next 12 months.
Together, we have a strong picture of Black Hills being a good growth investment. But that doesn't necessarily make it a good dividend stock.
The dividend looks attractive, and the payout metrics look manageable What makes Black Hills a dividend stock worth considering is its 3.8% forward yield and its "Dividend King" status, with more than 50 consecutive years of dividend increases. It also has a reasonable 66% dividend payout ratio, meaning the company pays just over half of its earnings back to shareholders. Those two numbers tell me Black Hills is quite generous, but not so much that it deprives itself of cash to reinvest in the business.
Final take: A safer high-yield dividend stock with a growth narrative Black Hills Corp shows that safe, high-yield dividend stocks don't always have to be household names to deliver. In this case, earnings are growing faster than revenue, and data centers driving up demand in their key areas point to a long runway ahead.
Sure, the stock price has gone up significantly for a utility company, but it still trades cheaper than its peers, and Wall Street's improving rating is just another sign that the market's starting to take notice.
Docusign zpřístupnil svou platformu Intelligent Agreement Management v Gemini Enterprise for Legal, aby právní týmy mohly automatizovat workflow a rychleji pracovat s kontrakty. Integrace je dostupná globálně v angličtině.
Docusign helps legal teams answer contract questions, automate workflows, and move from insight to action within Gemini Enterprise for Legal
, /PRNewswire/ -- Docusign (Nasdaq: DOCU) Docusign today announced that its Intelligent Agreement Management (IAM) platform is available within Google Cloud's Gemini Enterprise for Legal to automate complex enterprise workflows. The integration gives legal teams secure access to Docusign's agreement intelligence directly within Gemini Enterprise for Legal, helping them quickly understand contracts, surface key business insights, and automate workflows across the business.
Docusign MCP Connector for Gemini Enterprise for Legal "Enterprise AI is most powerful when customers can connect it to the trusted business systems they already rely on," said Allan Thygesen, CEO of Docusign. "We're building an open and connected AI ecosystem that gives organizations the flexibility to use the AI platforms that work best for them while bringing trusted Docusign agreement intelligence into those experiences. Together with Google Cloud, we're helping legal teams unlock greater value from AI with the governance and control enterprises expect."
Contracts are one of the richest sources of business context, capturing the commitments, approvals, obligations, and relationships that help AI deliver more informed insights and actions. By bringing the Docusign IAM platform into Gemini Enterprise for Legal, teams can put that information to work without leaving their AI workflow.
Understand agreements faster. Ask Gemini Enterprise to "Summarize this MSA and highlight liability caps" or "Show me all NDAs signed last month." Track agreement activity and business commitments. Ask "What signatures are we still waiting for?" or "Which contracts are up for renewal next quarter?" Get started quickly. Prompt Gemini Enterprise to "Create an updated supplier agreement using our latest approved template." Using the Docusign Model Context Protocol (MCP) connector, the Gemini Enterprise for Legal plug-in securely connects to Docusign agreement intelligence, helping legal teams analyze agreements, automate workflows, and take action while maintaining enterprise-grade security and governance.
The Docusign MCP connector for Gemini Enterprise is available globally in English. Gemini Enterprise for Legal is available by request with features rolling out in the coming weeks. For more information, see the Google Enterprise for Legal announcement.
About Docusign
Docusign brings agreements to life. Nearly 1.9 million customers and more than a billion people in over 180 countries use Docusign solutions to accelerate the process of doing business and simplify people's lives. With intelligent agreement management, Docusign unleashes business-critical data that is trapped inside of documents. Until now, these were disconnected from business systems of record, costing businesses time, money, and opportunity. Using Docusign's IAM platform, companies can create, commit, and manage agreements with solutions created by the #1 company in e-signature and CLM. Learn more at www.docusign.com.
Media Contact:
Docusign Corporate Communications
[email protected]
EPAM oznámil spolupráci s Wiz v rámci Wiz Partner Alliance, aby pomohl firmám přejít od viditelnosti cloudového rizika k jeho nápravě napříč komplexními multi-cloud prostředími. Partnerství má posílit kybernetickou odolnost v prostředích s více cloudy.
The partnership combines Wiz's production-grade cloud and AI security platform with EPAM's AI-native engineering and modernization capabilities to help organizations move from risk visibility to remediation across complex multi-cloud environments.
, /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM) today announced a collaboration with Wiz, a cloud and AI security leader that is now part of Google Cloud. EPAM joined the Wiz Partner Alliance to help organizations turn cloud risk intelligence into continuous, AI-powered and engineering-led remediation across complex multi-cloud environments.
Learn more about EPAM's AI-Native Cyber Resilience Program
EPAM Partners with Wiz to Help Enterprises Reduce Cloud Risk and Strengthen Cyber Resilience. The partnership brings together Wiz's AI Application Protection Platform (AI-APP) with EPAM's AI-native engineering and cloud modernization capabilities. Together, Wiz's context-based risk intelligence and EPAM's engineering expertise will help organizations identify, prioritize and address critical risks across applications, infrastructure and operating environments, moving beyond risk detection to address root causes at enterprise scale.
"Cloud security does not end with identifying risk, as organizations need the engineering capability to act on that intelligence across complex applications and infrastructure," said Alexandros Katsioulis, Head of Alphabet Business and Google Global Business Group, EPAM. "By combining Wiz's contextual risk intelligence with EPAM's engineering and modernization expertise, we help clients address root causes, strengthen operational resilience and move forward with cloud and AI transformation more confidently."
Powered by the Wiz Security Graph, Wiz AI-APP provides a contextualized view of cloud assets, configurations, relationships and attack paths across code, cloud, runtime, AI applications, SaaS and custom-hosted environments. EPAM applies that intelligence within broader cloud modernization and security programs to help organizations operationalize a full cloud security loop across Google Cloud, AWS, Microsoft Azure and other cloud environments.
The collaboration formalizes work already underway in the market, with EPAM delivering Wiz implementation programs for enterprise organizations across a range of industry verticals, including media and entertainment, transportation and logistics, life sciences and healthcare, financial services, automotive and retail and consumer goods. The expanded relationship as part of the Wiz Partner Alliance will bring that delivery experience across to a broader set of cloud transformation and security initiatives.
"With cloud and AI driving the next wave of enterprise innovation, Wiz is dedicated to helping organizations build fast without compromising security," said Nick Ross, VP of EMEA & LATAM Channels & Alliances at Wiz. "EPAM brings valuable expertise to the Wiz Partner Alliance, and together, we'll help ensure our customers can scale securely in the cloud."
As part of this approach, EPAM will leverage findings from the Wiz platform to inform application modernization, cloud architecture and remediation work. White Hat, an EPAM company, will add an offensive-security layer with defensive, offensive and incident response experts to assess whether identified weaknesses can be exploited, helping clients distinguish potential exposure from actual risks that require immediate engineering action.
"Security should not be measured by the number of vulnerabilities found. It should be measured by the reduction of exploitable risk," said Eugene Dzihanau, Head of Cybersecurity Practice, EPAM. "Wiz provides the system of record for security risk and EPAM provides the operating model that continuously drives that risk down. Together, we help clients move from visibility to remediation and from remediation to sustained cyber resilience."
Additionally, Wiz's AI agents extend the platform's established cloud security capabilities with an automated workflow layer that helps organizations accelerate key stages of the security lifecycle:
Red Agent helps validate potentially exploitable paths across the external attack surface. Green Agent supports root-cause remediation. Blue Agent helps investigate runtime threats and assess potential impact. Alongside implementing Wiz internally, EPAM will integrate these capabilities into broader engineering and modernization programs, helping organizations move more efficiently from risk evidence to corrective action.
"Identifying a vulnerability is not the same as proving that it can be exploited or containing an attack once someone has already exploited the vulnerability," said Aviv Srour, Head of Cyber Innovation, EPAM. "Wiz Red Agent brings an attacker's view of the external attack surface, while EPAM and White Hat bring the red team and incident response depth to validate it against real adversary tactics, techniques and procedures and strengthen cyber resilience for clients."
Learn more about EPAM's AI-Native Cyber Resilience Program and how to develop a cyber strategy for your organization today.
About EPAM Systems, Inc.
EPAM (NYSE:EPAM) is a global leader in AI transformation engineering and integrated consulting, serving Forbes Global 2000 companies and ambitious startups. With over thirty years of expertise in custom software, product and platform engineering, EPAM empowers organizations to become AI-Native enterprises, driving measurable value from innovation and digital investments. Recognized by industry benchmarks and leading analysts as a leader in AI, EPAM delivers globally while engaging locally, making the future real for clients, partners, and employees.
We are proud to be recognized by Forbes, Glassdoor, Newsweek, Time Magazine, Great Place to Work and kununu as a Most Loved Workplace around the world.
Learn more at www.epam.com and follow us on LinkedIn.
Forward-Looking Statements
This press release includes estimates and statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Our estimates and forward-looking statements are mainly based on our current expectations and estimates of future events and trends, which affect or may affect our business and operations. These statements may include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. Those future events and trends may relate to, among other things, developments relating to the war in Ukraine and escalation of the war in the surrounding region, political and civil unrest or military action in the geographies where we conduct business and operate, difficult conditions in global capital markets, foreign exchange markets, global trade, and the broader economy, the adoption and implementation of artificial intelligence technologies by EPAM and its clients, and the effect that these events may have on client demand and our revenues, operations, access to capital, and profitability. Other factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, the risk factors discussed in the Company's most recent Annual Report on Form 10-K and the factors discussed in the Company's Quarterly Reports on Form 10-Q, particularly under the headings "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" and other filings with the Securities and Exchange Commission. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made based on information currently available to us. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.
Avala Global LP ve 2. čtvrtletí koupila 189 100 akcií společnosti Western Digital za zhruba 120,782 milionu USD. Podíl ve firmě tak činí 4,5 % portfolia.
Avala Global LP bought a new position in shares of Western Digital Corporation (NASDAQ:WDC – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 189,100 shares of the data storage provider’s stock, valued at approximately $120,782,000. Western Digital accounts for 4.5% of Avala Global LP’s portfolio, making the stock its 7th largest holding. Avala Global LP owned 0.05% of Western Digital at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in WDC. Norges Bank purchased a new stake in shares of Western Digital in the fourth quarter worth $788,729,000. Northern Trust Corp raised its position in shares of Western Digital by 11.2% during the 3rd quarter. Northern Trust Corp now owns 3,805,463 shares of the data storage provider’s stock valued at $456,884,000 after purchasing an additional 384,103 shares during the period. Soroban Capital Partners LP lifted its stake in shares of Western Digital by 1,926.3% during the 2nd quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider’s stock valued at $195,882,000 after buying an additional 2,910,062 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Western Digital by 70.4% during the 4th quarter. AQR Capital Management LLC now owns 2,972,703 shares of the data storage provider’s stock valued at $512,107,000 after buying an additional 1,228,661 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Western Digital by 6.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,809,409 shares of the data storage provider’s stock worth $483,977,000 after buying an additional 159,167 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.
Western Digital News Summary Here are the key news stories impacting Western Digital this week:
Positive Sentiment: Western Digital disclosed exchange agreements covering approximately $191 million of its 3.00% convertible notes due 2028. The transaction will provide holders with cash and shares, potentially reducing debt, although the stock component could create some dilution. The exchanges are expected to close on or after September 2. Western Digital convertible notes article Positive Sentiment: Investors continue to see support from AI, cloud and data-center demand. Western Digital recently reported quarterly revenue of $3.75 billion, up 43.8% year over year, and non-GAAP EPS of $3.56 versus the $3.31 consensus. Management’s next-quarter outlook also points to continued strong growth. Western Digital debt exchange and AI demand analysis Positive Sentiment: A hammer chart pattern suggests technical support after the stock’s recent decline, while upward earnings-estimate revisions may improve the likelihood of a near-term rebound. Western Digital bottoming pattern article Neutral Sentiment: Analyst sentiment remains broadly favorable, with a consensus “Moderate Buy” rating and a median recent price target of approximately $597.50. However, targets vary widely, reflecting uncertainty around valuation and execution. Negative Sentiment: Western Digital is assessing potential effects from new U.S. sanctions related to Iran, including possible compliance costs, supply-chain disruptions and impacts on contract manufacturing or shipments. Western Digital Iran sanctions exposure article Negative Sentiment: Insider activity has been heavily weighted toward sales, including transactions by executives and directors. The reported sales were made under pre-arranged trading plans, reducing their significance, but they remain a potential overhang for sentiment. Negative Sentiment: Broader caution toward highly valued AI and memory stocks, ahead of Nvidia’s earnings, and concerns about potential Chinese memory competition could pressure sector valuations and future pricing. Western Digital Stock Up 4.0% Shares of Western Digital stock opened at $468.88 on Thursday. Western Digital Corporation has a twelve month low of $77.90 and a twelve month high of $799.87. The business has a 50-day moving average price of $538.41 and a 200-day moving average price of $438.22. The firm has a market cap of $161.61 billion, a price-to-earnings ratio of 19.37 and a beta of 2.14. Western Digital (NASDAQ:WDC – Get Free Report) last posted its earnings results on Wednesday, August 5th. The data storage provider reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.25. Western Digital had a return on equity of 48.15% and a net margin of 72.95%.The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the previous year, the business earned $1.66 earnings per share. The firm’s revenue for the quarter was up 43.8% on a year-over-year basis. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. On average, equities analysts expect that Western Digital Corporation will post 19.65 EPS for the current fiscal year.
Western Digital Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Tuesday, September 8th. Western Digital’s dividend payout ratio is currently 2.48%.
Wall Street Analysts Forecast Growth A number of brokerages have issued reports on WDC. JPMorgan Chase & Co. increased their price target on Western Digital from $530.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Bank of America upped their price objective on Western Digital from $610.00 to $732.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Zacks Research upgraded Western Digital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Citigroup cut their target price on Western Digital from $800.00 to $740.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, Melius Research set a $1,050.00 price target on Western Digital and gave the stock a “buy” rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $534.56.
Get Our Latest Stock Report on WDC
Insider Activity In related news, insider Vidyadhara K. Gubbi sold 2,475 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $556.24, for a total value of $1,376,694.00. Following the completion of the transaction, the insider directly owned 85,154 shares of the company’s stock, valued at approximately $47,366,060.96. This trade represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $444.97, for a total transaction of $8,899,400.00. Following the completion of the sale, the chief executive officer owned 575,966 shares in the company, valued at $256,287,591.02. This represents a 3.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 24,634 shares of company stock worth $11,357,073. 0.18% of the stock is currently owned by insiders.
Western Digital Profile (Free Report)
Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.
Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.
Read More Five stocks we like better than Western Digital 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 WDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Digital Corporation (NASDAQ:WDC – Free Report).
Receive News & Ratings for Western Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Digital and related companies with MarketBeat.com's FREE daily email newsletter.
Algert Global LLC purchased a new position in Western Digital Corporation (NASDAQ:WDC – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,875 shares of the data storage provider’s stock, valued at approximately $5,030,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Western Digital during the 4th quarter valued at $788,729,000. Northern Trust Corp lifted its position in Western Digital by 11.2% during the 3rd quarter. Northern Trust Corp now owns 3,805,463 shares of the data storage provider’s stock valued at $456,884,000 after acquiring an additional 384,103 shares during the period. Soroban Capital Partners LP lifted its position in Western Digital by 1,926.3% during the 2nd quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider’s stock valued at $195,882,000 after acquiring an additional 2,910,062 shares during the period. AQR Capital Management LLC boosted its stake in Western Digital by 70.4% during the fourth quarter. AQR Capital Management LLC now owns 2,972,703 shares of the data storage provider’s stock worth $512,107,000 after acquiring an additional 1,228,661 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Western Digital by 6.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,809,409 shares of the data storage provider’s stock worth $483,977,000 after purchasing an additional 159,167 shares during the period. 92.51% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets A number of equities analysts have weighed in on the stock. Zacks Research raised shares of Western Digital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Citigroup cut their price target on Western Digital from $800.00 to $740.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Melius Research set a $1,050.00 price objective on Western Digital and gave the company a “buy” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. lifted their price objective on Western Digital from $530.00 to $650.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Finally, Cantor Fitzgerald increased their target price on Western Digital from $660.00 to $900.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $534.56.
Check Out Our Latest Stock Analysis on Western Digital Western Digital Stock Down 1.5% Shares of NASDAQ WDC opened at $462.00 on Friday. The firm has a market cap of $159.24 billion, a P/E ratio of 19.08 and a beta of 2.14. Western Digital Corporation has a twelve month low of $77.90 and a twelve month high of $799.87. The company has a 50 day moving average of $532.72 and a 200 day moving average of $439.49.
Western Digital (NASDAQ:WDC – Get Free Report) last posted its earnings results on Wednesday, August 5th. The data storage provider reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.25. Western Digital had a return on equity of 48.15% and a net margin of 72.95%.The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same quarter last year, the company earned $1.66 EPS. The company’s quarterly revenue was up 43.8% compared to the same quarter last year. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. As a group, equities analysts expect that Western Digital Corporation will post 19.65 earnings per share for the current fiscal year.
Western Digital Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, September 8th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $0.60 annualized dividend and a yield of 0.1%. Western Digital’s dividend payout ratio (DPR) is currently 2.48%.
Key Western Digital News Here are the key news stories impacting Western Digital this week:
Positive Sentiment: Western Digital’s AI- and cloud-storage growth thesis remains intact. Industry momentum from AI infrastructure, cloud computing, the Internet of Things and automotive applications is supporting expectations for continued demand. 3 Storage Devices Stocks to Buy as the Industry Gains Momentum Positive Sentiment: A recent exchange of approximately $191 million of 3% convertible notes due 2028 is viewed as constructive liability management because it can reduce debt, although issuing shares may create some dilution. What’s Going on With Western Digital Stock on Wednesday? Positive Sentiment: Western Digital recently reported revenue growth of 44% year over year to $3.75 billion and earnings of $3.56 per share, exceeding estimates. Its next-quarter earnings guidance of $3.85 to $4.15 per share also supports the bullish fundamental case. Positive Sentiment: Technical and analyst indicators remain favorable: a recent hammer chart pattern suggested potential support, while upward earnings-estimate revisions and a bullish Wall Street consensus point to possible longer-term recovery. Western Digital May Find a Bottom Soon Insiders Place Their Bets In other news, insider Cynthia L. Tregillis sold 1,007 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $478.36, for a total value of $481,708.52. Following the transaction, the insider directly owned 112,155 shares in the company, valued at $53,650,465.80. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $444.97, for a total value of $8,899,400.00. Following the completion of the sale, the chief executive officer directly owned 575,966 shares of the company’s stock, valued at $256,287,591.02. The trade was a 3.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 26,117 shares of company stock valued at $12,053,353. Company insiders own 0.18% of the company’s stock.
Western Digital Company Profile (Free Report)
Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.
Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.
Read More Five stocks we like better than Western Digital Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape SEC Probe Puts Wall Street Leverage Risk Back in Focus A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Receive News & Ratings for Western Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Digital and related companies with MarketBeat.com's FREE daily email newsletter.
Oshkosh po posledních výsledcích za měsíc přidal asi 10,3 %, ale snížil celoroční odhad upraveného zisku na zhruba 11 USD na akcii. Firma zároveň zvýšila výhled tržeb o 200 milionů USD.
It has been about a month since the last earnings report for Oshkosh (OSK - Free Report) . Shares have added about 10.3% 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 Oshkosh due for a pullback? 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 drivers.
OSK Q2 Earnings BeatOshkosh reported second-quarter 2026 adjusted earnings of $2.87 per share, down 15.8% year over year. Earnings, however, beat the Zacks Consensus Estimate of $2.60 by 10.39%. Consolidated adjusted operating income declined 17.7% to $257.6 million, while adjusted operating margin fell to 8.8% from 11.5%. Unfavorable sales mix and higher manufacturing overhead costs impacted the results.
Revenues rose 6.7% to $2.92 billion and beat the consensus mark of $2.75 billion by 6.18%. Higher sales volume and improved pricing supported the top line. Period-end backlog reached $14.75 billion, led by sizable Vocational and Transport order books.
Access Sales Rise on Strong OrdersAccess segment sales increased 9.4% year over year to $1.37 billion, driven by higher sales volume and improved pricing. Aerial work platform revenues rose to $735.1 million from $638 million, while telehandler revenues declined to $263.3 million from $325.1 million.
Adjusted operating income fell to $155.8 million from $185.7 million. Adjusted operating margin contracted to 11.3% from 14.8% due to adverse product and customer mix, unfavorable price-cost dynamics, higher litigation reserves, increased selling and administrative costs, and greater product-development spending. Higher sales volume partly offset these pressures.
Orders reached $1.5 billion and backlog was $1.96 billion at the end of the quarter, supported by infrastructure projects, data centers and other large construction developments.
Vocational Margin Faces PressureVocational segment sales were nearly flat at $966.8 million. Higher municipal fire apparatus and airport product revenues were offset by lower refuse and recycling vehicle sales.
Adjusted operating income declined to $130.5 million from $157.9 million, with margin contracting to 13.5% from 16.3%. Adverse sales mix, higher manufacturing overhead and lower volume outweighed improved price-cost dynamics and lower incentive compensation accruals.
Fire truck shipments were roughly level with the prior-year quarter. Oshkosh expects production to increase about 10% in 2026 as it shifts from bay-based assembly to higher-flow production lines, though material-flow changes are taking longer than initially planned.
Transport Revenues Gain on NGDV RampTransport segment sales rose 11.9% to $536.1 million. Delivery vehicle revenues increased to $261.6 million from $107.1 million as production of the Next Generation Delivery Vehicle accelerated. Defense revenues fell to $274.5 million from $372 million.
Operating income decreased to $15.8 million from $17.8 million. Adverse mix and higher warranty and manufacturing overhead costs offset a $16.6 million one-time benefit tied to the NGDV program. Management expects margins to improve in the second half as NGDV production rises and revised defense contracts contribute.
Strong Free Cash FlowSecond-quarter free cash flow reached $348 million, up sharply from $49 million a year ago. The company repurchased about 667,000 shares for $92 million during the quarter. OSK declared a quarterly dividend of 57 cents per share, to be paid out on Aug. 27, 2026, to shareholders of record as of Aug. 13.
OSK Cuts Earnings Outlook on Fire Truck RampOshkosh now expects 2026 adjusted earnings of about $11 per share, down roughly 50 cents from its prior guidance. The revision reflects slower-than-expected improvement in fire truck production, more than offsetting the stronger outlook for the Access segment.
The company raised its full-year sales expectation by $200 million and continues to project free cash flow of $550-$650 million. Management expects fourth-quarter results to exceed third-quarter performance as fire truck production improves, NGDV output rises and defense work shifts to revised-price contracts.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates revision.
VGM ScoresCurrently, Oshkosh has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a score of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Oshkosh has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerOshkosh belongs to the Zacks Automotive - Domestic industry. Another stock from the same industry, Tesla (TSLA - Free Report) , has gained 15.9% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.
Tesla reported revenues of $28.24 billion in the last reported quarter, representing a year-over-year change of +25.5%. EPS of $0.33 for the same period compares with $0.40 a year ago.
Tesla is expected to post earnings of $0.47 per share for the current quarter, representing a year-over-year change of -6%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.3%.
Tesla has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D.
Bank of Nova Scotia ve 2. čtvrtletí získala novou pozici v Oshkosh, když nabyla 3 916 akcií za zhruba 601 000 USD. Oshkosh zároveň oznámila zisk na akcii 2,87 USD a tržby 2,92 miliardy USD, obojí nad odhady.
Bank of Nova Scotia bought a new position in shares of Oshkosh Corporation (NYSE:OSK – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,916 shares of the company’s stock, valued at approximately $601,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower View Wealth Management LLC bought a new position in Oshkosh during the first quarter worth about $29,000. Torren Management LLC acquired a new stake in shares of Oshkosh in the fourth quarter valued at approximately $30,000. Global Retirement Partners LLC boosted its stake in shares of Oshkosh by 284.9% during the 4th quarter. Global Retirement Partners LLC now owns 408 shares of the company’s stock worth $51,000 after acquiring an additional 302 shares during the period. Basepoint Wealth LLC bought a new position in shares of Oshkosh during the 4th quarter worth approximately $51,000. Finally, Whittier Trust Co. increased its holdings in shares of Oshkosh by 33.7% during the 1st quarter. Whittier Trust Co. now owns 373 shares of the company’s stock worth $55,000 after acquiring an additional 94 shares during the last quarter. 92.36% of the stock is owned by institutional investors.
Oshkosh Price Performance Shares of NYSE OSK opened at $156.93 on Friday. The business has a fifty day moving average price of $149.06 and a two-hundred day moving average price of $148.10. The stock has a market capitalization of $9.69 billion, a PE ratio of 17.96, a P/E/G ratio of 0.97 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.72 and a quick ratio of 0.96. Oshkosh Corporation has a fifty-two week low of $116.77 and a fifty-two week high of $180.49.
Oshkosh (NYSE:OSK – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.24. Oshkosh had a return on equity of 12.95% and a net margin of 5.24%.The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the firm posted $3.41 EPS. Oshkosh’s quarterly revenue was up 6.7% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. As a group, equities analysts predict that Oshkosh Corporation will post 10.72 earnings per share for the current fiscal year. Oshkosh Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Thursday, August 13th. Oshkosh’s dividend payout ratio is presently 26.09%.
Wall Street Analysts Forecast Growth A number of research firms have recently issued reports on OSK. Wall Street Zen upgraded shares of Oshkosh from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Zacks Research raised shares of Oshkosh from a “strong sell” rating to a “hold” rating in a report on Friday, August 21st. Truist Financial increased their price target on shares of Oshkosh from $176.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Weiss Ratings upgraded Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. boosted their price objective on Oshkosh from $145.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $170.71.
Check Out Our Latest Research Report on Oshkosh
Oshkosh Profile (Free Report)
Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.
Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.
Further Reading Five stocks we like better than Oshkosh Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape SEC Probe Puts Wall Street Leverage Risk Back in Focus A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Receive News & Ratings for Oshkosh Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh and related companies with MarketBeat.com's FREE daily email newsletter.
Stonegate Capital Partners zahajuje pokrytí Yum! Brands a upozorňuje, že po odprodeji Pizza Hut se růst opírá hlavně o Taco Bell v USA a mezinárodní expanzi KFC. Ve 2Q26 mimo Pizza Hut vzrostly systémové tržby o 7 % a Core Operating Profit o 8 %.
Dallas, Texas--(Newsfile Corp. - August 26, 2026) - Yum! Brands (NYSE: YUM): Stonegate Capital Partners initiates coverage on Yum! Brands (NYSE: YUM). Yum!'s 2Q26 provides evidence that the post-Pizza Hut earnings model is becoming increasingly centered on Taco Bell's U.S. growth and KFC's international development runway. Ex-Pizza Hut, system sales increased 7%, units 6%, same-store sales 4%, and Core Operating Profit 8%. The July food safety issue creates a near-term Taco Bell interruption, but we view the impact as temporary. Sales trends have improved from the July 18 low, online sentiment has returned to pre-issue levels, and brand-love measures remain intact. The quarter also reinforces the broader operating model, with stronger restaurant-level performance supporting franchisee returns, faster unit development, and growth in Yum!'s recurring royalty base.
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
Ex-Pizza Hut results highlight the earnings profile of the remaining portfolio, with Ex-Pizza Hut 2Q26 system sales increasing 7%, units 6%, same-store sales 4%, and Core Operating Profit 8%. Taco Bell remains the primary U.S. growth engine, while the July food-safety issue creates a near-term interruption that management currently expects to pressure 3Q sales and margins. KFC provides the largest long-term development opportunity, supported by attractive franchisee economics and significant international whitespace. The division opened 660 gross restaurants across 55 markets in 2Q26, grew units 7%, and continues to target higher AUVs and same-store sales alongside an estimated 20,000-unit whitespace opportunity. The Pizza Hut divestiture should leave YUM increasingly concentrated around its higher-growth, predominantly franchised KFC and Taco Bell businesses while providing approximately $2.3B of expected aggregate net proceeds. We expect revolver repayment and substantial share repurchases to complement continued unit development and royalty growth across the remaining portfolio.
Click image above to view full announcement.
About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.
Source: Stonegate, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311692
Source: Stonegate, Inc.
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Yum! Brands, Inc. (NYSE: YUM) Board of Directors declared a dividend of $0.75 per share of common stock. The quarterly cash dividend will be distributed September 18, 2026, to shareholders of record at the close of business on September 9, 2026.
Yum! Brands, Inc., and its subsidiaries franchise or operate more than 58,000 restaurants in 155 countries and territories under its iconic brands — KFC, Taco Bell, Pizza Hut and Habit Burger & Grill. KFC, Taco Bell and Pizza Hut are global leaders in the chicken, Mexican-inspired food and pizza categories, respectively. Habit is a fast-casual concept known for fresh, cooked-to-order food.
Fueled by Yum!’s Recipe for Good Growth, KFC, Taco Bell and Pizza Hut led Entrepreneur's 2026 Franchise 500 rankings and its Top Global Franchises 2025 list. In 2026, Yum!’s unrivaled culture and talent led it to be named one of TIME magazine’s list of Best Companies for Future Leaders for the third consecutive year.
Category: Financial
View source version on businesswire.com: https://www.businesswire.com/news/home/20260828086246/en/
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Best Buy ve 2. čtvrtletí překonal očekávání díky růstu v počítačích, domácích kinech a mobilech; tržby stouply o 3,6 % na 9,8 miliardy USD. Firma zároveň zvýšila celoroční výhled.
Is Best Buy the AI Winner Hiding in the Electronics Aisle?Best Buy NYSE: BBY reported second-quarter fiscal 2027 results that exceeded its prior expectations, supported by growth in computing, home theater, mobile phones and newer product categories. The company raised its full-year outlook while outlining continued investments in retail media, its third-party marketplace, store formats and AI-enabled shopping tools.
Revenue for the quarter totaled $9.8 billion, up 3.6% from a year earlier. Enterprise comparable sales increased 4.1%, above the company’s prior expectation for roughly 1% growth. Adjusted operating income rate rose about 40 basis points year over year to 4.3%, while adjusted diluted earnings per share increased 15% to $1.47.
Get Best Buy alerts:
Confidence Is Back, But Earnings Show the Consumer Is Being PickyCEO Corie Barry, who said the call would be her final earnings call as chief executive, attributed the performance to employee execution and momentum in categories tied to replacement needs and product innovation. Jason Bonfig, the company’s chief customer, product and fulfillment officer and incoming CEO, said Best Buy’s results reflected both internal initiatives and a healthy demand backdrop for its product categories.
Category growth led by computing and home theater Computing was the largest weighted comparable-sales driver in the quarter, marking its 10th consecutive quarter of positive comparable sales. Best Buy Business sales rose 21% from the prior year, helping support the category. Barry said the company’s business-to-business operation generates more than $1.1 billion in annual sales and has been growing at roughly 15% to 20% in the first half.
Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs ProofHome theater was the second-largest weighted comp contributor, with the company reporting domestic television sales growth of more than 10% year over year. Bonfig cited product assortment, inventory availability, delivery and installation improvements, as well as the launch of RGB television technology. Best Buy said it will be the only national retailer offering RGB TVs for customers to discover, experience and purchase during the next year.
The company also reported that sales in a group of emerging categories—including AI glasses, trading cards and health rings—more than doubled from a year earlier. Bonfig said those categories collectively contributed about 1 percentage point to comparable sales during the quarter.
Mobile phones delivered a sixth consecutive quarter of growth, aided by expanded carrier partnerships and store operating improvements. Major appliances posted slight sales growth, which management attributed to investments in pricing, marketing, product availability and faster delivery. Best Buy said next-day appliance availability is now offered in nearly all metro delivery locations, compared with less than half in the first quarter.
Traditional gaming sales declined as the company lapped the prior-year launch of the Nintendo Switch 2. Management expects the fourth-quarter release of Grand Theft Auto VI to support gaming software, hardware and accessories.
Marketplace, advertising and digital initiatives Best Buy continued to highlight its marketplace and advertising operations as growing profit streams. Best Buy Ads is on track to grow 10% this year after generating $900 million in collections last year, Bonfig said.
The company’s U.S. marketplace reached approximately $300 million in gross merchandise value during the second quarter. Best Buy now expects marketplace GMV of $1.3 billion for the full year, citing stronger-than-anticipated performance. The company plans to begin adding international marketplace sellers later in the quarter, expanding participation beyond sellers with a U.S. physical presence.
Management said marketplace and advertising growth contributed to domestic gross profit rate expansion. Domestic gross profit rate increased 60 basis points to 24%, also benefiting from $34 million in tariff refunds. Those gains were partly offset by lower product margin rates, primarily tied to investments in major appliances.
Best Buy also announced the phased rollout of Ask Blue, a conversational AI shopping and support assistant. The tool can compare products, assess compatibility, provide product and support information, and direct customers to self-service tools or live support. The company also completed a commerce integration with OpenAI, allowing customers to discover products, receive recommendations and make Best Buy purchases within ChatGPT.
Guidance raised as company monitors computing costs For fiscal 2027, Best Buy raised its guidance to revenue of $42.3 billion to $42.8 billion, comparable-sales growth of 1.9% to 3%, adjusted operating income rate of 4.4% to 4.5%, and adjusted diluted earnings per share of $6.70 to $6.90. Capital expenditures are expected to be approximately $750 million.
Third-quarter comparable-sales growth is expected to be 1% to 3%. Third-quarter adjusted operating income rate is projected at approximately 4.1% to 4.2%. August month-to-date comparable sales were at the high end of the company’s 1% to 3% second-half growth range. Best Buy said computing growth is expected to slow in the second half as the company laps two years of growth and a strong third quarter last year that benefited from the end of Windows 10 support. The company is also managing industry-wide increases in memory costs. In the second quarter, computing average selling prices increased in the mid-teens while unit sales declined in the high single digits.
Bonfig said Best Buy is working with vendors to maintain product choices at key price points and is using trade-ins, financing and promotions to help customers manage higher prices. Management said the memory-cost issue has primarily affected computing rather than other categories.
Barry said the consumer remains value-focused and responsive to sales events, but is still willing to purchase higher-priced products when replacement needs arise or new technology offers compelling benefits. The company also said it did not see material evidence of broad customer demand pull-forward following a major product price announcement.
Bonfig is set to formally assume the CEO role on Nov. 1, while Anne Bramman recently joined Best Buy as chief financial officer.
About Best Buy (NYSE:BBY)Best Buy Co, Inc is a leading North American consumer electronics retailer that sells a broad range of products including computers, mobile phones, televisions and home theater systems, major appliances, smart-home devices, gaming hardware and software, wearables and related accessories. The company operates through a mix of large-format stores, smaller specialty locations and an e-commerce platform, offering national and private-brand merchandise from major consumer-technology manufacturers as well as third-party sellers.
Beyond product retailing, Best Buy provides a suite of services aimed at installation, repair and ongoing technical support.
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].
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in Best Buy Right Now?Before you consider Best Buy, 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 Best Buy wasn't on the list.
While Best Buy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Toyota Motor (7203.T) said on Friday its global vehicle sales and production fell in July, weighed by declines in China, the United States and the Middle East, which offset a stronger performance in Japan.
Global sales fell 4.8% from a year earlier to 856,125 vehicles, while production dropped 2.1%.
A 24.3% plunge in China dragged sales down, marking a sixth successive month of decline, as higher petrol prices weighed on demand for hybrid and traditional combustion engine vehicles, Toyota said.
Sales in the United States, Toyota's largest market, slipped 0.8%, while those in the Middle East dropped 44.5%, offsetting an 11.0% rise in Japan.
A sharp 32.7% drop in China and a 4.0% decrease in the United States pulled production down, despite a 12.4% rise in Japan.
Exports from Japan rose 10.2% from a year earlier to just over 196,000 vehicles, increasing for the third consecutive month and marking the highest level since October.
Electric vehicle makers Tesla (TSLA -1.71%) and China's BYD (BYDDY -0.43%) may be the industry's most talked about companies because they're the industry's two biggest names.
Yet, there's a third carmaker that both BYD and Tesla and their shareholders might want to start keeping a closer eye on since it's coming on strong within the electrified vehicle market.
That's automobile maker Toyota Motor (TM +1.29%). Yes, that Toyota.
Missing the boat (so to speak) Most investors probably know that Toyota has been tinkering with hybrids and even battery-only vehicles for a while now. What these investors might not fully appreciate is just how deep the world's biggest carmaker has waded into the electric vehicle market.
For the quarter ended in June, 1.41 million (or 51.9%) of the 2.71 million automobiles that Toyota manufactured during that three-month stretch were electric rather than combustion-powered.
Image source: Getty Images.
The vast majority of these cars were hybrids, which are distinctly different from all of the EVs made by Tesla, and roughly half the so-called new-energy vehicles manufactured by BYD. Teslas are only powered by a rechargeable battery, whereas hybrids combine battery power with a combustion engine, making them practical even when recharging them is impractical.
The thing is, Toyota's dedication to the continued development of its hybrid automobile business may be a brilliant one despite all the hype being generated by the proliferation of battery-only electric vehicles. For perspective, while sales of battery-electric vehicles (or BEVs) within the United States grew slightly to 1.26 million cars in 2025, according to data from the National Automobile Dealers Association (NADA), hybrid sales quietly but decisively topped that figure at 2.05 million, up 27.6% year over year.
Premium Feature
Moneyball Superscore
79/100
Today's Change
(
1.29
%) $
2.48
Current Price
$
194.48
And the U.S. market hasn't been particularly receptive to either alternative to conventional combustion-powered automobiles. Of the roughly 90 million cars that were sold worldwide last year, industry research outfit Imarc reports nearly 16.3 million were hybrids, up 24.8% year over year, easily outpacing sales and sales growth of battery-only EVs. Electric vehicle market leaders Tesla and BYD only delivered 3.86 million BEVs between them last year, for reference.
Moreover, Imarc expects hybrid automobile sales to reach nearly 126 million units per year by 2034, once consumers recognize this option sidesteps most of the concerns that are crimping interest in battery-only EVs here and abroad. Already the leading name of the hybrid market with last fiscal year's sales of over 4.6 million hybrid cars, Toyota stands ready to capture at least its fair share of this growth.
A development that's too big to ignore Only time will tell whether hybrids will displace battery-only EVs, or if there's room for both options. What is clear is that the demand for hybrids is very real, and growing, posing at least an indirect threat to Tesla, which is already contending with a formidable BYD on the electric vehicle front. In the meantime, BYD is also becoming a respectable contender in the hybrid business that's proving a marketable alternative to BEVs.
Arguably more than anything, though, Toyota may be an investment prospect that too many investors are looking right past, assuming it's no longer relevant. It very much is.
Trump navrhuje 50% clo na dovoz kanadských automobilů do USA, což by nejvíce zasáhlo Toyotu a Hondu, které tam vyrábějí více než tři čtvrtiny všech vozů. Analytici čekají, že by musely omezit i některé výrobní linky v Kanadě.
U.S. President Donald Trump is targeting Ottawa with a proposed 50% tariff on Canadian car imports — but Japan's Toyota (7203.T) and Honda (7267.T) may end up footing the bill.
The two Japanese automakers account for more than three-quarters of all cars made in Canada. They could be forced to shutter some production lines if the tariffs go into effect on January 1 as proposed, analysts said.
While a deal could still be reached, the timing of the U.S. tariffs couldn't be worse, as Japanese automakers are being stung by competition from low-cost Chinese EVs in markets such as Southeast Asia, Europe and Latin America.
The United States remains Toyota and Honda's biggest market and, crucially, one where Chinese rivals like BYD (002594.SZ) aren't allowed in.
Canadian-built cars accounted for almost a quarter of Honda's U.S. sales and 17% of Toyota's last year, the most among major automakers, according to Barclays analysts. As a result, the two face the biggest potential hit from Trump's plan to double the levies from the current 25%.
"If you really wanted to destroy the Canadian auto industry, you could with these tariffs," said Julie Boote, autos analyst at Pelham Smithers Associates in London.
Both companies would likely have to close some of their Canadian assembly lines, she said.
Toyota and Honda declined to comment.
SCRAMBLING TO ADAPT
Canada's auto industry produces around 1.2 million cars a year and indirectly supports some 427,000 jobs. Toyota's exports from Canada to the United States include the RAV4, while Honda exports the CR-V. Both cars are among the best-selling SUVs in the United States.
The proposed tariffs are the latest example of Trump trade policies that have left the global auto industry scrambling to adapt. For years, U.S., European, Japanese and South Korean car companies and their suppliers built production chains across North America, taking advantage of cross-border trade deals and, especially in Mexico, lower labour costs.
But cost dynamics have now changed drastically. U.S. tariffs cost Toyota some 1.4 trillion yen ($8.8 billion) in the last financial year.
Toyota is now doubling down on U.S. production. The world's largest automaker last year said it aims to invest up to $10 billion over five years to expand its U.S. operations. That will include a new $3.6 billion auto plant in Texas, where it intends to move production of the Tacoma pick-up truck from its Baja California plant in Mexico.
For Honda, which is struggling to turn around its money-losing car business, tariffs have only added to the strain.
A senior executive recently told reporters that it might not build an eighth assembly plant in North America unless USMCA free trade talks among the United States, Canada and Mexico are extended. USMCA is the revised version of the 1994 NAFTA trade pact and has been in place for six years. Trump opted on July 1 not to renew it, subjecting it to annual reviews, although talks have continued.
Last year, South Korea's Hyundai (005380.KS) said uncertainty about USMCA was delaying its investment decisions.
'MAJOR SHIFT'
If the tariffs take effect, Toyota and Honda would likely try to redirect Canadian-built vehicles to other markets and then try to find ways to make up supply for the all-important U.S. market — hardly an easy task, analysts said. U.S.-bound vehicles are often tailored to the market's needs and regulations, while factories elsewhere may already be operating near capacity.
"It would represent a major shift from the past," said Seiji Sugiura, a senior analyst at Tokai Tokyo Intelligence Laboratory.
Two Japanese suppliers said they were unsure what would happen next and it remained, at least for now, impossible to plan given that it still remained uncertain whether the tariffs would go into effect.
"We're trying not to overreact," one of the supplier executives said.
Bank of New York Mellon ve druhém čtvrtletí koupila nový podíl v Celanese za zhruba 31,261 milionu USD. Celanese zároveň oznámila tržby ve výši 2,75 miliardy USD a EPS 2,45 USD, nad odhady.
Bank of New York Mellon Corp bought a new stake in shares of Celanese Corporation (NYSE:CE – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 679,580 shares of the basic materials company’s stock, valued at approximately $31,261,000. Bank of New York Mellon Corp owned approximately 0.62% of Celanese as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its position in shares of Celanese by 111.1% during the second quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock valued at $28,000 after buying an additional 270 shares during the period. National Bank of Canada FI purchased a new stake in Celanese in the third quarter worth $34,000. Smartleaf Asset Management LLC raised its holdings in Celanese by 100.0% in the second quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 331 shares in the last quarter. UMB Bank n.a. raised its holdings in Celanese by 175.7% in the fourth quarter. UMB Bank n.a. now owns 896 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 571 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Celanese during the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.
Insiders Place Their Bets In other Celanese news, SVP Mark Christopher Murray purchased 2,153 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of $45.52 per share, for a total transaction of $98,004.56. Following the completion of the transaction, the senior vice president owned 30,432 shares of the company’s stock, valued at approximately $1,385,264.64. The trade was a 7.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.
Analyst Ratings Changes A number of analysts have recently commented on CE shares. JPMorgan Chase & Co. boosted their target price on shares of Celanese from $53.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Bank of America dropped their price objective on shares of Celanese from $72.00 to $63.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. BMO Capital Markets decreased their target price on shares of Celanese from $57.00 to $54.00 and set a “market perform” rating for the company in a research note on Wednesday, August 5th. Wall Street Zen downgraded shares of Celanese from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Celanese in a research report on Friday, August 21st. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Celanese currently has a consensus rating of “Hold” and a consensus target price of $63.71. Check Out Our Latest Research Report on CE
Celanese Price Performance NYSE CE opened at $44.95 on Friday. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.45 and a quick ratio of 0.87. Celanese Corporation has a 1-year low of $35.13 and a 1-year high of $70.70. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of -4.20, a PEG ratio of 0.29 and a beta of 0.76. The business’s fifty day moving average price is $46.00 and its 200-day moving average price is $53.58.
Celanese (NYSE:CE – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.22. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%.The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter in the prior year, the business earned $1.44 earnings per share. Celanese’s revenue for the quarter was up 8.7% compared to the same quarter last year. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. On average, equities analysts predict that Celanese Corporation will post 5.99 earnings per share for the current year.
Celanese Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 28th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, July 28th. Celanese’s dividend payout ratio is currently -1.12%.
Celanese Company Profile (Free Report)
Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.
In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.
Recommended Stories Five stocks we like better than Celanese From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash Venture Into High-Volatility Corners of the Market With These 3 ETFs 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Receive News & Ratings for Celanese Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celanese and related companies with MarketBeat.com's FREE daily email newsletter.
Ovintiv letos uzavřela přes 60 transakcí a za zhruba 460 milionů USD přidá 41 000 čistých akrů v Montney a Permianu. Tím zvýší těžební inventář o 240 nových vrtových lokalit.
, /PRNewswire/ -- Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today provided an update on its 2026 ground game acquisition program. On a year-to-date basis, the Company has entered into over 60 transactions, which will result in the addition of approximately 41,000 net acres of land across its Montney and Permian assets for a total acquisition cost of approximately $460 million. The transactions will add 240 net 10,000-foot equivalent well locations to Ovintiv's drilling inventory (190 base locations and 50 upside locations). The assets are being acquired at an attractive valuation of approximately $11,000 per net acre, and approximately $1.3 million to $1.7 million per well location, when adjusted for minimal production volumes from the assets.
Ovintiv Announces Permian and Montney Inventory Additions In the Permian, Ovintiv is acquiring approximately 21,000 net acres of land and 120 total well locations (80 base locations and 40 upside locations) in the Midland basin for approximately $230 million.
In the Montney, Ovintiv is acquiring approximately 20,000 net acres of land and 120 total well locations (110 base locations and 10 upside locations) in the liquids-rich Alberta oil window for approximately $230 million.
Following these transactions, the Company will have added approximately 500 net 10,000-foot equivalent well locations year-to-date, with the inclusion of 260 locations from organic inventory enhancement.
Ovintiv expects the remaining transactions to close before the end of the year.
Important information
Ovintiv reports in U.S. dollars unless otherwise noted. Production estimates are reported on an after-royalties basis, unless otherwise noted. Unless otherwise specified or the context otherwise requires, references to "Ovintiv," "our" or to "the Company" includes reference to subsidiaries of and partnership interests held by Ovintiv Inc. and its subsidiaries.
Please visit Ovintiv's website and the Investor Relations page at www.ovintiv.com and investor.ovintiv.com, where Ovintiv often discloses important information about the Company, its business, and its results of operations.
ADVISORY REGARDING FORWARD-LOOKING STATEMENTS – This news release contains forward-looking statements or information (collectively, "forward-looking statements") within the meaning of applicable securities legislation, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, except for statements of historical fact, that relate to the anticipated future activities, plans, inventory additions, strategies, objectives or expectations of the Company are forward-looking statements. When used in this news release, the use of words and phrases such as "anticipates," "acquiring", "believes," "continue," "could," "estimates," "expects," "focused on," "forecast," "guidance," "intends," "maintain," "may," "opportunities," "outlook," "plans," "potential," "strategy," "targets," "will," "would" and other similar terminology are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words or phrases. Without limiting the generality of the foregoing, forward-looking statements contained in this news release include: expectations that the acquisition program will support the achievement of Ovintiv's expected inventory additions; the expected closing of the various transactions; and the expected timing of such closings.
The forward-looking statements provided in this news release are based upon a number of material factors and assumptions that Ovintiv has made in respect thereof as of the date of this news release, including, without limitation: future commodity prices and basis differentials; the Company's ability to consummate any pending acquisitions (including the transactions described herein); the ability of the Company to access credit facilities and capital markets; the availability of attractive commodity or financial hedges and the enforceability of risk management programs; the Company's ability to capture and maintain gains in productivity and efficiency; the ability for the Company to generate cash returns; expectations of plans, strategies and objectives of the Company, including anticipated production volumes and capital investment; the Company's ability to manage cost inflation and expected cost structures, including expected operating, transportation, processing and labor expenses; the outlook of the oil and natural gas industry generally, including impacts from changes to the geopolitical environment; and projections made in light of, and generally consistent with, the Company's historical experience and its perception of historical industry trends; and the other assumptions contained herein. Although the Company believes the expectations represented by its forward-looking statements are reasonable based on the information available to it as of the date such statements are made, forward-looking statements are only predictions and statements of our current beliefs and there can be no assurance that such expectations will prove to be correct.
All forward-looking statements contained in this news release are made as of the date of this news release and, except as required by law, the Company undertakes no obligation to update publicly or revise any forward-looking statements. The forward-looking statements contained or incorporated by reference in this news release, and all subsequent forward-looking statements attributable to the Company, whether written or oral, are expressly qualified by these cautionary statements.
The reader should carefully read the risk factors described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and in other filings with the SEC or Canadian securities regulators, for a description of certain risks that could, among other things, cause actual results to differ from these forward-looking statements. Other unpredictable or unknown factors not discussed in this new release could also have material adverse effects on forward-looking statements.
Further information on Ovintiv Inc. is available on the Company's website, www.ovintiv.com, or by contacting:
Tržby Public Cloud společnosti NetApp ve 4. fiskálním čtvrtletí 2026 meziročně vzrostly o 11 % na 182 milionů USD. Hrubá marže segmentu dosáhla 85,7 %.
Key Takeaways NetApp's Public Cloud revenue rose 11% year over year to $182 million in fiscal Q4 2026.First-party and marketplace cloud services grew 30% for fiscal 2026, extending NetApp's cloud reach.Public Cloud gross margin hit 85.7%, while AI activity and enterprise IT demand support fiscal 2027 momentum. NetApp, Inc.’s (NTAP - Free Report) Public Cloud business is benefiting from sustained demand for hyperscaler first-party and marketplace storage services, supporting continued growth in the company’s cloud operations. Its fourth-quarter fiscal 2026 Public Cloud revenues were $182 million, increasing 11% year over year. Excluding the contribution from Spot in the prior-year period, growth was 18%, highlighting continued momentum in the business. For fiscal 2026, Public Cloud revenue totaled $688 million, while first-party and marketplace cloud services grew 30% for the year.
The growth reflects broader customer adoption of NetApp’s first-party and marketplace services. This expansion continues to support the Public Cloud business as customers increasingly use NetApp’s offerings across their cloud environments. The segment also maintains a high level of profitability, with Public Cloud gross margin reaching 85.7% in the fiscal fourth quarter. Such profitability provides support for earnings leverage as the Public Cloud business represents a larger part of the company’s overall mix.
NetApp’s fiscal 2027 outlook assumes continued momentum in enterprise IT demand and increasing AI activity. These trends are expected to support use cases that connect governed data with AI and analytics services in the cloud. As customers continue to extend their data environments into cloud platforms, first-party and marketplace cloud services remain important components of NetApp’s Public Cloud strategy.
Taking a Look at NTAP’s CompetitorsSeagate Technology Holdings plc (STX - Free Report) is gaining from strong data center demand, HAMR adoption and pricing discipline. Management expects cloud spending and AI-led storage demand to remain healthy. Demand visibility remains strong, with most nearline capacity allocated through calendar 2028 and customer commitments extending into 2029. Seagate's HAMR-based Mozaic roadmap, disciplined pricing and manufacturing efficiencies are expected to drive revenue growth, margin expansion and cash generation in fiscal 2027. Management anticipates fiscal first-quarter revenues of $4.1 billion (+/- $100 million). At the midpoint, this indicates a 56% year-over-year improvement.
Western Digital Corporation (WDC - Free Report) is benefiting from sustained demand for high-capacity storage as AI, cloud and data-intensive workloads expand. Its cloud end market, which accounts for 89% of total sales, grew 43%, driven by strong demand for high-capacity nearline drives and favorable pricing. HDDs continue to offer favorable economics for large-scale data retention, while higher-capacity ePMR, UltraSMR and upcoming HAMR products strengthen WD’s position with hyperscale customers. Longer customer agreements improve demand visibility and support predictable pricing. A richer product mix, lower cost per terabyte and operating leverage are supporting margin expansion and cash generation. For the first quarter of fiscal 2027, Western Digital expects non-GAAP revenues of $4.1 billion, plus or minus $100 million, representing 45% year-over-year growth at the midpoint.
NTAP Price Performance, Valuation & EstimatesShares of NetApp have gained 36.2% in the past three months against the Computer-Storage Devices industry’s decline of 7.1%.
Image Source: Zacks Investment Research
Regarding the price/book ratio, NTAP is trading at 28.16, higher than the industry’s multiple of 14.26.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for NTAP’s earnings for fiscal 2027 has been revised marginally upward over the past 60 days.
Image Source: Zacks Investment Research
NTAP currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways NetApp expects Q1 FY2027 sales of $1.75B-$1.90B, with an extra week adding about $65M of revenue.AI demand remains strong, with about 500 wins in Q4 and more than 1,100 for fiscal 2026.Cloud storage grew 30% in fiscal 2026, while Keystone benefits from the shift to consumption-based models. NetApp, Inc. (NTAP - Free Report) is slated to release first-quarter fiscal 2027 earnings on Sept. 2, after the closing bell.
The company expects non-GAAP earnings per share to be between $2.05 and $2.15 for the quarter. The Zacks Consensus Estimate is currently pegged at $2.12 per share, indicating 36.8% growth from the year-ago level.
Net sales are anticipated to be in the range between $1.750 billion and $1.900 billion. The Zacks Consensus Estimate is pegged at $1.84 billion, implying an 18.2% increase from the prior-year reported number.
NTAP’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 4.65%.
Key Factors to Note for NTAP’s Q1 EarningsNetApp is likely to have benefited from momentum across cloud, flash, AI and Keystone in first-quarter fiscal 2027, supported by a strong enterprise IT spending environment and increasing AI activity. In the last reported quarter, management anticipated IT spending to rise as enterprises prepared for AI, with demand across cloud, flash, AI and Keystone. The company is also likely to have benefited from broad-based demand as customers prioritized data infrastructure for AI. The first quarter included an extra week, which was expected to contribute about $65 million of revenue, mainly from Support and Cloud, while adding $21 million of operating expenses. Management anticipates first-quarter non-GAAP gross margin of 69.1-70.1% and operating margin of 28.4-29.4%.
AI remains a key growth driver for NetApp. The company reported approximately 500 AI wins in the fourth quarter and more than 1,100 for fiscal 2026 compared with roughly 400 for the entire prior fiscal year. These wins included enterprise and neocloud customers and covered data preparation, large-scale analytics, training, fine-tuning and inferencing. All elements of the flash portfolio performed strongly in enterprise AI configurations, while hybrid flash gained traction in less demanding AI environments. On the last earnings call, management highlighted AI strength to remain broad-based across segments, verticals and geographies.
All-flash storage is also benefiting from AI demand, with management noting particularly strong growth in AI use cases. NetApp’s installed-base penetration increased another 1% to 48%. The company raised prices during the fourth quarter, with pricing actions expected to increasingly flow through over the next one to two quarters. Management expects product gross margin to reach a trough in the July quarter and gradually improve as pricing actions offset higher component costs.
Public Cloud and Keystone are additional growth contributors. First-party and marketplace cloud storage services grew 30% year over year in fiscal 2026, while AI use cases are beginning to emerge in the cloud. Keystone continues to benefit from the shift toward consumption-based storage models and is expected to grow faster than the traditional business.
NetApp is also seeing opportunities from AFX, AI Data Engine, neo cloud and sovereign cloud customers. Meanwhile, the company continues to manage higher NAND and component costs through pricing actions, supplier diversification and supply-chain measures. On the last earnings call, management stated that it believed it could source adequate supply to meet its fiscal 2027 outlook, which might have benefited NTAP in the to-be-reported quarter.
However, the company is facing stiff competition, while changes in customer purchase timing could lead to volatility despite the healthy overall demand environment.
Recent DevelopmentsOn Aug. 6, 2026, NetApp acquired JetStream Software, which specializes in VMware disaster recovery and migration. The acquisition will aid NetApp in helping enterprises safeguard applications, speed up cloud migration and modernize infrastructure while ensuring cyber resilience.
On July 22, 2026, NetApp acquired DataPelago, a startup specializing in AI data infrastructure. The deal expands NetApp's intelligent data infrastructure portfolio by bringing GPU-accelerated data processing directly to the storage layer, allowing organizations to process data where it resides instead of copying it to separate AI infrastructure. The acquisition is likely to strengthen NetApp's competitive position in the rapidly growing AI infrastructure market.
On June 23, 2026, NetApp launched StorageGRID 12.1 to improve distributed data management, helping customers scale AI workloads, data lakes and modern object-based applications more efficiently.
On June 3, 2026, NetApp and Cisco expanded their FlexPod platform with new validated AI solutions designed to simplify enterprise AI deployments, inferencing, RAG workflows and edge computing while enhancing security and scalability. The collaboration integrates technologies from NVIDIA to help organizations accelerate AI adoption with pre-tested, enterprise-grade infrastructure.
On the same day, NetApp and Splunk expanded their collaboration with a new SOAR playbook designed to help customers contain ransomware attacks, reduce data loss and strengthen cyber resilience. The solution combines NetApp’s Intelligent Data Infrastructure with Splunk’s analytics and observability capabilities to improve threat response and recovery efficiency.
What Our Model Says About NTAPOur proven model predicts an earnings beat for NTAP this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. This is the case here.
NTAP has an Earnings ESP of +3.77% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks With Favorable CombinationHere are a few other companies worth considering, as our model indicates that they possess the right combination to exceed earnings expectations in their upcoming releases:
Ciena Corporation (CIEN - Free Report) currently has an Earnings ESP of +0.58% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for revenues and earnings is pegged at $1.64 billion and $1.73 per share, respectively. CIEN is slated to report third-quarter 2026 results on Sept. 3.
Dell Technologies Inc. (DELL - Free Report) has an Earnings ESP of +6.20% and a Zacks Rank #1 at present.
The Zacks Consensus Estimate for revenues and earnings is pegged at $45.3 billion and $4.95 per share, respectively. DELL is slated to report second-quarter fiscal 2027 results on Sept. 1.
lululemon athletica inc. (LULU - Free Report) currently has an Earnings ESP of +0.70% and a Zacks Rank #3.
The Zacks Consensus Estimate for revenues and earnings is pegged at $2.47 billion and $1.79 per share, respectively. LULU is scheduled to report second-quarter fiscal 2026 results on Sept. 3.
It has been about a month since the last earnings report for Carvana (CVNA - Free Report) . Shares have added about 20.6% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Carvana due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Carvana Co. before we dive into how investors and analysts have reacted as of late.
Carvana Q2 Earnings Match EstimatesCarvana reported earnings of 42 cents per share for the second quarter of 2026, in line with the Zacks Consensus Estimate. Earnings rose 61.5% year over year. Revenues of $7.37 billion increased 52.4% year over year and topped the consensus mark of $6.99 billion by 5.5%. The top-line beat reflected record retail volume and strong vehicle pricing.
Retail Volume Reaches a RecordRetail vehicle sales increased 61.7% to $5.5 billion, supported by a 17.4% rise in revenue per retail unit to $27,908. Retail units sold advanced 37.7% to 197,325. Retail volumes have nearly doubled over the past two years and continued to outpace an industry that declined year over year. Wholesale sales and revenues grew 31.2% to $1.34 billion, while wholesale unit sales climbed 44.4% to 105,052.
Gross Profit Rises, GPU DeclinesTotal gross profit increased 30.1% to $1.38 billion. Retail vehicle gross profit rose 34.4% to $700 million, wholesale gross profit advanced 19.7% to $158 million and other gross profit grew 28.0% to $526 million.
However, total gross profit per unit fell $412 to $7,014, and non-GAAP GPU declined $455 to $7,125. On a sequential basis, total gross profit and non-GAAP GPU improved by $231 and $214, respectively.
Margins Reflect Growth InvestmentsOperating income increased to $680 million from $511 million, but adjusted EBITDA margin contracted to 10.4% from 12.4%. Adjusted EBITDA rose to $769 million from $601 million, showing strong dollar profit growth even as the margin narrowed.
Net income advanced 66.6% to $513 million. Selling, general and administrative expenses increased to $704 million from $551 million as advertising, logistics and other costs rose.
Carvana Expands Production CapacityInventory selection remains central to the company’s growth plan. Carvana integrated retail production capabilities at three additional ADESA sites during the quarter, bringing the total to 19, and began construction on its first full buildout at an ADESA location.
The current footprint provides fully built-out annual capacity for about 1.5 million retail units, with additional real estate available for expansion. The new full buildout is expected to begin producing vehicles in early 2027.
Cash and LiquidityCash and cash equivalents totaled $2.63 billion as of June 30, 2026, up from $2.32 billion at year-end 2025. Committed liquidity resources were $4.67 billion, while total liquidity resources increased to $7 billion from $6.74 billion. For the first six months of 2026, net cash provided by operating activities rose to $345 million from $261 million.
Full-Year EBITDA OutlookFor the third quarter, management expects retail units sold to increase sequentially from the second quarter. For full-year 2026, Carvana projects adjusted EBITDA of $2.7-$3 billion, compared with $2.24 billion in 2025. It also reiterated its long-term path toward selling 3 million vehicles annually and achieving a 13.5% adjusted EBITDA margin between 2030 and 2035.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a flat trend in estimates revision.
The consensus estimate has shifted 7.89% due to these changes.
VGM ScoresAt this time, Carvana has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. Charting a somewhat similar path, the stock has a grade of F on the value side, putting it in the fifth quintile 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.
Outlook Carvana has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Bank of Nova Scotia ve 2. čtvrtletí otevřela novou pozici v Tapestry a koupila 106 171 akcií za zhruba 15,541 mil. USD. Institucionální investoři drží 90,77 % akcií.
Bank of Nova Scotia bought a new position in shares of Tapestry, Inc. (NYSE:TPR – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 106,171 shares of the luxury accessories retailer’s stock, valued at approximately $15,541,000. Bank of Nova Scotia owned approximately 0.05% of Tapestry as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of the business. World Investment Advisors grew its position in shares of Tapestry by 3.6% during the 1st quarter. World Investment Advisors now owns 1,979 shares of the luxury accessories retailer’s stock worth $279,000 after purchasing an additional 69 shares in the last quarter. Horizon Bancorp Inc. IN raised its position in shares of Tapestry by 4.7% in the first quarter. Horizon Bancorp Inc. IN now owns 1,575 shares of the luxury accessories retailer’s stock valued at $222,000 after buying an additional 71 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Tapestry by 2.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,682 shares of the luxury accessories retailer’s stock valued at $477,000 after buying an additional 73 shares during the period. Eastern Bank boosted its stake in shares of Tapestry by 24.4% in the second quarter. Eastern Bank now owns 392 shares of the luxury accessories retailer’s stock valued at $57,000 after buying an additional 77 shares during the period. Finally, NewEdge Wealth LLC grew its position in Tapestry by 2.7% during the first quarter. NewEdge Wealth LLC now owns 3,186 shares of the luxury accessories retailer’s stock worth $450,000 after buying an additional 85 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes TPR has been the subject of several analyst reports. Wall Street Zen cut Tapestry from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Sanford C. Bernstein reissued a “market perform” rating and set a $185.00 target price (up from $180.00) on shares of Tapestry in a report on Friday, August 14th. Telsey Advisory Group raised their price target on Tapestry from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Citigroup boosted their price target on Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, BTIG Research cut their price objective on shares of Tapestry from $180.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Tapestry has an average rating of “Moderate Buy” and an average target price of $175.12.
Check Out Our Latest Research Report on TPR Insiders Place Their Bets In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,761 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $132.47, for a total transaction of $3,677,499.67. Following the sale, the chief executive officer owned 666,149 shares of the company’s stock, valued at approximately $88,244,758.03. The trade was a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is owned by corporate insiders.
Tapestry Trading Up 1.5% Shares of TPR opened at $132.16 on Tuesday. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.25 and a current ratio of 1.75. Tapestry, Inc. has a 52-week low of $93.00 and a 52-week high of $164.80. The firm has a market cap of $26.35 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 1.65 and a beta of 1.43. The business’s fifty day moving average is $144.75 and its 200-day moving average is $144.91.
Tapestry (NYSE:TPR – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The luxury accessories retailer reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.04. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.87 billion. Tapestry had a return on equity of 254.95% and a net margin of 19.09%.Tapestry’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $1.04 earnings per share. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. Equities analysts anticipate that Tapestry, Inc. will post 7.94 EPS for the current fiscal year.
Tapestry Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, September 4th will be given a $0.4625 dividend. This is an increase from Tapestry’s previous quarterly dividend of $0.40. This represents a $1.85 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, September 4th. Tapestry’s dividend payout ratio (DPR) is 21.95%.
Tapestry Company Profile (Free Report)
Tapestry, Inc is a New York City–based house of fashion brands that designs, produces and distributes a range of accessible luxury and lifestyle products. The company manages a portfolio led by Coach, along with Kate Spade New York and Stuart Weitzman, each offering distinct product lines that include handbags and leather goods, footwear, ready-to-wear apparel, accessories, small leather goods, jewelry and lifestyle items. Tapestry’s operations encompass product design, marketing, wholesale partnerships, retail store operations and digital commerce.
Historically, the Coach brand traces its roots to a leather workshop in New York dating to the mid-20th century.
See Also Five stocks we like better than Tapestry 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
Receive News & Ratings for Tapestry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tapestry and related companies with MarketBeat.com's FREE daily email newsletter.
Callan Family Office LLC ve druhém čtvrtletí koupila v Tapestry novou pozici za zhruba 727 000 USD, když nabyla 4 970 akcií. CEO Joanne C. Crevoiserat zároveň prodala 27 761 akcií.
Callan Family Office LLC acquired a new position in Tapestry, Inc. (NYSE:TPR – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,970 shares of the luxury accessories retailer’s stock, valued at approximately $727,000.
Several other large investors also recently added to or reduced their stakes in TPR. World Investment Advisors increased its holdings in Tapestry by 3.6% during the first quarter. World Investment Advisors now owns 1,979 shares of the luxury accessories retailer’s stock valued at $279,000 after buying an additional 69 shares during the last quarter. Horizon Bancorp Inc. IN raised its position in Tapestry by 4.7% in the first quarter. Horizon Bancorp Inc. IN now owns 1,575 shares of the luxury accessories retailer’s stock worth $222,000 after acquiring an additional 71 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Tapestry by 2.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,682 shares of the luxury accessories retailer’s stock worth $477,000 after acquiring an additional 73 shares during the last quarter. Eastern Bank boosted its stake in shares of Tapestry by 24.4% during the 2nd quarter. Eastern Bank now owns 392 shares of the luxury accessories retailer’s stock worth $57,000 after acquiring an additional 77 shares during the last quarter. Finally, NewEdge Wealth LLC grew its position in shares of Tapestry by 2.7% during the 1st quarter. NewEdge Wealth LLC now owns 3,186 shares of the luxury accessories retailer’s stock valued at $450,000 after acquiring an additional 85 shares during the period. 90.77% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Tapestry In related news, CEO Joanne C. Crevoiserat sold 27,761 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $132.47, for a total transaction of $3,677,499.67. Following the completion of the sale, the chief executive officer owned 666,149 shares in the company, valued at approximately $88,244,758.03. This trade represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is currently owned by company insiders.
Tapestry Stock Up 1.5% TPR opened at $132.16 on Tuesday. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.25 and a current ratio of 1.75. Tapestry, Inc. has a fifty-two week low of $93.00 and a fifty-two week high of $164.80. The firm’s fifty day moving average is $144.75 and its 200 day moving average is $144.91. The stock has a market cap of $26.35 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 1.65 and a beta of 1.43. Tapestry (NYSE:TPR – Get Free Report) last issued its earnings results on Thursday, August 13th. The luxury accessories retailer reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.04. Tapestry had a net margin of 19.09% and a return on equity of 254.95%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. Tapestry’s quarterly revenue was up 8.9% compared to the same quarter last year. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. On average, sell-side analysts forecast that Tapestry, Inc. will post 7.94 earnings per share for the current fiscal year.
Tapestry Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Friday, September 4th will be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from Tapestry’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, September 4th. Tapestry’s dividend payout ratio is currently 21.95%.
Analyst Ratings Changes Several research firms have recently commented on TPR. Daiwa Securities Group upgraded Tapestry from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Citigroup boosted their price target on Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. UBS Group upped their price target on Tapestry from $230.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Evercore set a $175.00 price objective on Tapestry in a research note on Friday, May 8th. Finally, Zacks Research cut Tapestry from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $175.12.
Get Our Latest Analysis on TPR
Tapestry Profile (Free Report)
Tapestry, Inc is a New York City–based house of fashion brands that designs, produces and distributes a range of accessible luxury and lifestyle products. The company manages a portfolio led by Coach, along with Kate Spade New York and Stuart Weitzman, each offering distinct product lines that include handbags and leather goods, footwear, ready-to-wear apparel, accessories, small leather goods, jewelry and lifestyle items. Tapestry’s operations encompass product design, marketing, wholesale partnerships, retail store operations and digital commerce.
Historically, the Coach brand traces its roots to a leather workshop in New York dating to the mid-20th century.
Featured Articles Five stocks we like better than Tapestry 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
Receive News & Ratings for Tapestry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tapestry and related companies with MarketBeat.com's FREE daily email newsletter.
TPR čeká ve fiskálním roce 2027 tržby 8,4–8,5 miliardy USD a růst provozní marže asi o 50 bazických bodů. Coach má dál táhnout výsledky, zatímco Kate Spade zůstane ve ztrátě.
Key Takeaways TPR expects fiscal 2027 revenues of $8.4-$8.5 billion, with mid-single-digit growth.Tapestry targets about 50 basis points of operating-margin expansion despite tariff pressure.Coach's strength supports TPR, while Kate Spade is expected to post another modest operating loss. Tapestry, Inc. (TPR - Free Report) enters fiscal 2027 with a tougher earnings test after fourth-quarter adjusted earnings beat the Zacks Consensus Estimate and margins expanded sharply. Management still expects profit growth even as revenue growth moderates.
The question is whether operating gains can absorb higher marketing spending and changing tariff pressure. Coach remains the earnings engine, while Kate Spade limits the margin for execution errors.
Tapestry’s Fiscal 2027 Sales Growth Is Set to SlowTapestry expects fiscal 2027 revenues of $8.4-$8.5 billion, representing mid-single-digit growth on a nominal and constant-currency basis. That compares with fiscal 2026 pro forma constant-currency growth of 17%.
Coach revenues are projected to rise at a high-single-digit rate, while Kate Spade revenues are expected to decline at a high-single-digit rate. Ralph Lauren Corporation (RL - Free Report) provides a sector comparison, with first-quarter fiscal 2027 revenues up 14% reported and 13% in constant currency.
TPR Targets Another 50 Basis Points of Margin ExpansionManagement expects fiscal 2027 operating margin to expand about 50 basis points. The plan includes roughly 30 basis points of gross-margin improvement and 20 basis points of leverage from selling, general and administrative expenses.
That follows fourth-quarter fiscal 2026 adjusted operating-margin expansion of 250 basis points to 19.3%. For the full year, adjusted gross margin improved 120 basis points despite a 130-basis-point tariff and duty headwind.
Tapestry Expects Tariffs to Be Neutral for the YearThe fiscal 2027 outlook embeds a mid-20% tariff rate on U.S. inventory receipts and assumes mitigation will make the year-over-year profit impact roughly neutral. Tariffs are expected to provide a modest first-half benefit before becoming a second-half headwind.
Sourcing, product mix and operational offsets therefore matter to the margin target. Levi Strauss & Co. (LEVI - Free Report) faced similar pressure in its second quarter of 2026, when gross margin rose 10 basis points despite tariff and foreign-exchange headwinds.
TPR Sees Coach Offsetting More Kate Spade WeaknessCoach represented 86.4% of fiscal 2026 revenues, giving the brand substantial influence over consolidated results. Management expects Coach to maintain an operating margin of nearly 36% in fiscal 2027.
Kate Spade remains the counterweight. The brand posted a $27.2 million adjusted operating loss in fiscal 2026, and management expects another modest operating loss in fiscal 2027.
Tapestry’s EPS Outlook Still Calls for Double-Digit GrowthTapestry expects fiscal 2027 adjusted earnings of $7.80-$7.90 per share, representing low-double-digit growth. Adjusted free cash flow is projected to approach $1.7 billion as capital expenditures and cloud-computing costs rise to about $300 million.
First-quarter adjusted earnings are expected at about $1.55 per share, up by low teens. Gross margin is projected to expand roughly 120 basis points, but higher marketing spending is expected to keep operating margin in line with the prior-year quarter.
Image Source: Zacks Investment Research
TPR’s Style Scores Add Context to the OutlookThe fiscal 2027 setup combines a credible margin plan with execution risk. Tariff mitigation, elevated marketing and continued Kate Spade losses leave less room for shortfalls even with Coach providing strong profitability.
TPR currently carries a Zacks Rank #3 (Hold), which supports a measured stance rather than a clear near-term buy signal. A Zacks Rank #3 can still be appropriate for holding shares while investors monitor execution and estimate trends. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The stock also has a Growth Score of A, Momentum Score of A and VGM Score of A, alongside a Value Score of C. The stronger Growth and Momentum Scores point to favorable characteristics in those styles, while the VGM Score reflects the combined weighted style picture and the Value Score is less supportive. Because the Style Scores complement the Zacks Rank, the combined picture argues for patience.
Finanční ředitelka Rivian Claire McDonoughová odchází do GE Vernova, právě když automobilka rozjíždí levnější SUV R2. Akcie Rivian v prodlouženém obchodování klesly o více než 1 %.
Rivian (RIVN.O) CFO Claire McDonough has decided to leave the company to join GE Vernova (GEV.N) in the same role, just as the electric vehicle maker ramps up rollout of its more affordable SUVs amid fragile EV demand in the U.S.
McDonough will join GE Vernova later this year and take on the CFO role at the beginning of 2027, succeeding the retiring Ken Parks, the company said.
Parks joined the power equipment maker ahead of its 2024 spin-off from General Electric (GE.N) and helped build its financial infrastructure as a standalone public firm.
McDonough, a former banker with JPMorgan and Credit Suisse, joined Irvine, California-based Rivian early in 2021 and took the company through its initial public offering.
She played a key role in the launch of Rivian's flagship R1T pickups and R1S SUVs, while leading cost-cutting and fundraising efforts as the company races to build a new plant, develop self-driving technology and aims to turn profitable.
Her exit comes at a crucial time for Rivian. The company started delivering its lower-priced R2 SUVs in June and raised its annual delivery forecast last month, buoyed by optimism over the vehicles that are seen as critical to the company's success.
Shares of Rivian were down more than 1% in extended trading.
McDonough will help with the transition and step down at the end of October, Rivian said, adding that the search for her replacement was underway. The company's vice president of finance, Derek Mulvey, is expected to take over in the interim.
At GE Vernova, she will be tasked with boosting profitability at a time when rapid AI data center expansion is driving strong demand for gas turbines and grid equipment. The company, however, is seeing widening losses in its wind energy business amid weak onshore demand and higher project costs.
Ballard dokončil akvizici GeoPura s celkovou počáteční protihodnotou 275,0 milionu GBP a mění se v integrovaného poskytovatele vodíkových energetických řešení. Spojení má nabídnout komplexní bezemisní službu EaaS.
The combined business brings together Ballard's proven fuel cell technology and global scale with GeoPura's Hydrogen Power Units, fuel supply capabilities and Energy-as-a-Service business model.
, /PRNewswire/ -- Ballard Power Systems Inc. (NASDAQ: BLDP) (TSX: BLDP) ("Ballard"), a global leader in hydrogen fuel cell technology, today announced that it has closed the acquisition of GeoPura Limited ("GeoPura"), a leading UK-based provider of zero-emission, hydrogen-based power solutions.
GeoPura’s category defining HPU2™, 500kW system containing Ballard Fuel Cell Modules. Founded in 2019, GeoPura's mission is to deliver reliable, zero-emission power where and when it is required. The company designs, manufactures, and operates their category defining Hydrogen Power Unit™, or HPU™, that offer clean, low noise, off-grid power with 6-9's reliability. Utilizing Ballard fuel cell modules at their core, these advanced systems convert hydrogen into clean electricity. GeoPura also produces green hydrogen, generated via electrolysis, at its dedicated production facilities and transports it with the UK's largest compressed hydrogen distribution fleet.
The acquisition transforms Ballard into an integrated hydrogen energy solutions provider. The combination of GeoPura's HPU™ platform, fuel production, and logistics with Ballard's advanced fuel cell technology, creates a turnkey Energy-as-a-Service (EaaS) solution enabling Ballard to serve customers as a one-stop zero-emission energy solution provider. This end-to-end capability strengthens Ballard's market presence across Europe, offers new commercial opportunities into North America, while reinforcing its long-term path toward sustainable profitability and accelerated growth.
"Today marks a pivotal milestone in Ballard's evolution as we officially welcome GeoPura to our organization," said Marty Neese, Chief Executive Officer of Ballard. "By bringing GeoPura's clean power generation platform together with Ballard's fuel cell stack engineering under one roof, we provide our customers with a single, integrated source for reliable zero-emission power. This strategic combination enhances our competitive advantage across Europe and North America and positions Ballard to capture value across the entire hydrogen ecosystem."
Andrew Cunningham, who now takes the role of Ballard's President, added, "Uniting with Ballard creates a stronger, more resilient partner for customers facing increasingly complex energy challenges. Together, we combine world-leading fuel cell technology with proven hydrogen power production and infrastructure expertise to deliver reliable, zero-emission energy where and when it's needed. From replacing fossil fuel generation and overcoming grid constraints to strengthening energy security and protecting local air quality, we provide a practical solution to some of the most pressing power challenges facing businesses today. I'm energised to lead our combined team as we take these capabilities to more customers and markets around the world and execute on our shared growth vision."
The transaction agreement includes total upfront consideration of £275.0 million, comprising £82.5 million in cash, 49,584,212 newly issued Ballard common shares and restricted share units which will be settled in 12 months for an additional 1,084,540 Ballard common shares. On a pro-forma basis, former GeoPura shareholders hold approximately 14.1% of Ballard's outstanding common shares. Ballard may pay up to £27.5 million in additional contingent consideration upon GeoPura's achievement of specified post-closing financial milestones.
Effective with closing, Andrew Cunningham has assumed the role of President of Ballard, reporting directly to Chief Executive Officer Marty Neese. In addition, Andrew Cunningham and Lord Richard Harrington, former UK Business and Industry Minister and Chairman of GeoPura, have joined Ballard's Board of Directors as nominees designated by the former GeoPura shareholders.
About Ballard
Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) is a global leader in zero-emission hydrogen energy solutions and an integrated Energy-as-a-Service (EaaS) provider. Together, with its wholly owned subsidiary, GeoPura Ltd., Ballard delivers turnkey, vertically integrated hydrogen ecosystem solutions spanning hydrogen production, logistics, refuelling, zero-emission fuel cell engines, and stationary Hydrogen Power Units.
Ballard powers critical off-grid, stationary applications - including construction, events, film sets, healthcare, defense, temporary power infrastructure, and supplies fuel cell engines for heavy-duty mobility applications such as bus, rail, and marine. With an EaaS model, combined with cutting-edge technology across the hydrogen value chain, Ballard decarbonizes mission-critical operations worldwide. To learn more about Ballard, visit www.ballard.com.
Important Cautions Regarding Forward-Looking Statements
This press release contains certain information that may constitute "forward-looking information" within the meaning of applicable Canadian Securities laws and "forward-looking statements" within the meaning of applicable U.S. securities laws (together, "forward-looking statements"). Often, but not always, forward-looking statements can generally be identified by the use of forward-looking words such as "may", "will", "expect", "intend", "plan", "estimate", "anticipate", "continue", and "guidance", or other similar words and may include, without limitation, statements regarding the benefits of the GeoPura acquisition to Ballard, its shareholders, customers, and other stakeholders; market growth and opportunities; plans, strategies and objectives of management; and expected costs or production outputs. Forward-looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, foreign exchange rate fluctuations, general economic conditions, increased costs, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions, recruitment and retention of personnel and potential litigation.
Forward-looking statements are based on the Company's and its management's good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company's business and operations in the future. The Company does not give any assurance that the assumptions on which forward-looking statements are based will prove to be correct, or that the Company's business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or its management or beyond the Company's control. Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward-looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements in this press release speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances.
Further Information
Sumit Kundu – Investor Relations, +1.604.360.3517 or [email protected]
Robinhood za první pololetí vykázal rekordní tržby ve výši 2,38 mld. USD, meziročně o 24 % více, a EPS vzrostl téměř o 27 % na 1,00 USD. Růst táhly predikční trhy, zatímco tržby z kryptoměn klesly o 43 % na 234 mil. USD.
Key Takeaways Robinhood posted record H1 revenues of $2.38B, up 24%, as EPS climbed nearly 27% to $1.00.HOOD's prediction-market revenues surged to $260M, while crypto revenues fell 43% to $234M.Robinhood trades at 11.4X tangible book, well above the 3.33X industry average, raising valuation risk. Robinhood Markets (HOOD - Free Report) has evolved well beyond its roots as a commission-free stock-trading app. Strong customer engagement, record asset inflows, growing transaction volumes and rapid expansion across prediction markets, credit cards, banking, retirement and wealth management have created multiple growth avenues. This momentum was evident in the first half of 2026, when Robinhood posted record revenues and robust earnings growth.
Much of this optimism is reflected in the stock’s valuation. At $109.76 as of Aug. 27, Robinhood trades at 11.4X trailing 12-month tangible book, well above the industry average of 3.33X.
Robinhood’s P/TB TTM
Image Source: Zacks Investment Research
Also, HOOD stock is expensive compared with its peers – Charles Schwab (SCHW - Free Report) and Interactive Brokers (IBKR - Free Report) . Schwab and Interactive Brokers have a trailing 12-month P/TB of 7.71X and 1.95X, respectively.
Robinhood’s faster growth, younger customer base, digital-first platform and exposure to emerging businesses warrant some premium. Nevertheless, the gap leaves little room for disappointing execution. Investors considering the stock must therefore determine whether the company’s rapidly expanding financial ecosystem can generate enough sustained earnings growth to justify such a steep price.
Strong H1 Results Underpin HOOD’s Growth StoryRobinhood entered the second half of 2026 with substantial momentum. For the first six months of 2026, net revenues increased 24% year over year to a record $2.38 billion. Earnings per share rose nearly 27% to $1.00, while adjusted EBITDA grew 25% to $1.28 billion.
Quarterly Revenue Trend
Image Source: Zacks Investment Research
Trading remained a major growth engine. Transaction-based revenues rose 25% to $1.4 billion. Options revenues increased 19% year over year to $602 million, while equities revenues jumped 73% to $211 million. Prediction-market event contracts emerged as a key growth driver, generating $260 million in revenues compared with just $13 million in the prior-year period. The weak spot was cryptocurrencies, where revenues declined 43% to $234 million.
Importantly, Robinhood's expansion is no longer solely a trading-volume story. As of June 30, 2026, funded customers increased 7% year over year to 28.4 million, Gold subscribers surged 39% to a record 4.8 million and average revenue per user climbed 24% to $187. Total Platform Assets advanced 32% to $369 billion, while Robinhood recorded net deposits of approximately $39.7 billion in the first six months of 2026, including $21.7 billion in the second quarter alone, highlighting sustained customer asset inflows.
Momentum continued into July. Funded customers edged up to 28.5 million, while trailing-12-month net deposits reached $74.9 billion, representing 25% growth rate relative to July 2025 Platform Assets. Such consistent organic inflows indicate that Robinhood is capturing a larger share of customers’ investable assets.
New Businesses Broaden Robinhood’s Growth RunwayAnother reason investors have assigned HOOD a premium valuation is its expanding product ecosystem.
The company now says 13 business lines have reached at least $100 million in annualized revenues. Its Gold Card has crossed 1 million customers, Robinhood Banking held more than $3 billion in deposits at the end of the quarter and Robinhood Strategies had attracted more than 300,000 funded customers and nearly $2 billion in assets. TradePMR's platform had reached $50 billion in assets under management.
Internationally, Robinhood surpassed 1 million funded customers outside the United States and completed its WonderFi acquisition in Canada during the second quarter. Robinhood Singapore received a capital markets services license on July 1, while Robinhood U.K. entered the FCA cryptoasset register on July 31 and launched crypto trading earlier this month. Robinhood Chain also moved to a public mainnet in July, and by Aug. 10, 2026, it had generated more than $18 billion in decentralized-exchange volume and exceeded $840 million in total value locked.
Stock Tokens are available to eligible users in more than 120 countries, while Robinhood Earn had attracted more than $200 million in deposits by July-end. These initiatives broaden Robinhood's geographic reach and crypto use cases. If Robinhood can successfully cross-sell these services, higher customer lifetime values and more recurring revenues could support long-term margin expansion.
Likewise, Interactive Brokers and Schwab have been expanding their product suites aggressively. Interactive Brokers is broadening its product ecosystem beyond traditional stocks and options by expanding into crypto and crypto futures, prediction markets, AI-enabled trading tools and new international markets. This diversification strengthens client engagement while positioning IBKR as a multi-asset, global trading platform.
Meanwhile, Schwab is diversifying beyond brokerage into wealth management, advisory, banking, lending, retirement and asset management. SCHW’s fee-based assets, net interest income and broader financial services reduce commission dependence, support steadier revenues and deepen client relationships.
Robinhood’s Growth Prospects Remain FavorableRobinhood’s long-term earnings picture remains compelling, although near-term growth is expected to moderate after substantial gains in recent years.
The Zacks Consensus Estimate for 2026 revenues is $5.08 billion, implying 13.7% year-over-year growth. On the other hand, earnings are projected to decline 0.5% to $2.04. However, growth is expected to accelerate next year, with revenues likely to jump 25.5% to $6.38 billion and earnings are projected to surge 31.2% to $2.69.
Earnings Estimates
Image Source: Zacks Investment Research
Asset growth, margin lending, prediction markets, Gold adoption, retirement assets, advisory services and international expansion offer meaningful upside to these estimates. Robinhood’s increasing scale could also generate operating leverage if revenues continue expanding faster than expenses.
Robinhood's liquidity position supports reinvestment, acquisitions and shareholder returns while management continues to manage share count. As of June 30, 2026, cash and cash equivalents were $5.4 billion, and corporate cash, investments and stablecoin totaled $5.6 billion. The company also had $4.9 billion of available lines of credit. In June, Robinhood raised $2.2 billion through 0% convertible senior notes due in October 2029. Thus, a solid liquidity position supports its capital distributions.
Though the company doesn’t pay dividends, it has been actively engaged in share repurchases. In March, the board refreshed the share buyback authorization to $1.5 billion, which management expects to complete over roughly the next three years. As of June 30, 2026, roughly $1.37 billion worth of shares remained available for buyback. Given decent liquidity and balance sheet position, the company’s share repurchases will likely be sustainable.
Robinhood: Risks That Should Not Be IgnoredRobinhood remains exposed to trading volumes, cryptocurrency prices and broader investor sentiment. Crypto transaction revenues have been declining for the last few quarters, demonstrating the volatility inherent in this business.
Costs also warrant attention. Operating expenses increased to $1.39 billion in the first half from $1.11 billion. First-half provisions for credit losses climbed to $92 million from $52 million as Robinhood expanded its credit-card operations.
Further, rapid expansion into prediction markets, cryptocurrencies, lending and international markets increases regulatory and execution risks. A slowdown in retail trading activity, weaker market conditions or regulatory restrictions on high-growth businesses could pressure revenues while simultaneously compressing Robinhood’s premium valuation.
Is Robinhood Stock Worth Betting on?Following a solid performance in 2025, Robinhood shares have struggled this year and are down 3% amid the crypto-market downturn against the industry’s growth of 10.7%. Although robust equities, options and prediction market activities have partly cushioned the impact, crypto weakness continues to weigh on investor sentiment.
Also, Robinhood shares have underperformed Schwab and Interactive Brokers over the same time frame.
YTD Price Performance
Image Source: Zacks Investment Research
Robinhood’s underlying growth story remains compelling. Record revenues, robust net deposits, expanding customer assets and a rapidly diversifying product suite suggest that the company has considerable room to grow. New businesses such as prediction markets, Gold, banking, credit cards and advisory services could make revenues more diversified and strengthen customer retention.
However, the stock price already reflects substantial expectations. With HOOD trading at a premium, investors are paying today for considerable future growth. The company must therefore continue delivering strong asset inflows, successful product adoption and above-average earnings expansion to justify its premium.
For growth-oriented investors willing to tolerate considerable volatility, Robinhood remains an intriguing long-term story. However, given its elevated valuation and exposure to market, regulatory and execution risks, investors may find the risk-reward equation more compelling following a meaningful pullback rather than chasing the stock at current premium levels.
At present, HOOD carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Robinhood ve 2. čtvrtletí zvýšil čistý zisk o 48 % na 573 milionů USD a tržby o 32 % na 1,31 miliardy USD. Firma zároveň zvedla počet Gold předplatitelů o 39 % na 4,84 milionu.
A month has gone by since the last earnings report for Robinhood Markets, Inc. (HOOD - Free Report) . Shares have added about 26.7% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Robinhood Markets due for a pullback? 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 Robinhood Markets, Inc. before we dive into how investors and analysts have reacted as of late.
Robinhood Q2 Earnings Beat on Trading & Platform Asset GrowthRobinhood reported second-quarter 2026 earnings of 62 cents per share, beating the Zacks Consensus Estimate of 44 cents by 40.9%. The bottom line increased 48% year over year.
The reported quarter included $129 million, or 14 cents per share, of gains primarily related to the deconsolidation of Robinhood Ventures Fund I. Excluding this, underlying earnings were 48 cents per share.
Strong options, equities and event-contract activity amid heightened volatility led to an increase in transaction-based revenues. Higher net interest revenues (NIR), rising platform assets and a surge in Gold subscribers were tailwinds. However, continued weakness in crypto trading volume and higher operating expenses were the headwinds.
Net income climbed 48% to $573 million.
Revenue Mix BroadensTotal net revenues climbed 32% from a year ago to $1.31 billion. The top line surpassed the consensus mark of $1.26 billion.
NIR increased 9% year over year to $389 million. Growth in interest-earning assets helped offset the impact of lower short-term interest rates and weaker securities-lending activity.
Other revenues climbed 54% to $143 million. The increase reflected Trump Account service revenues and higher Robinhood Gold subscription revenues. The quarter included $25 million of service revenues related to Trump Accounts.
Average revenue per user rose 24% year over year to $187. Robinhood also expanded the number of business lines generating at least $100 million in annualized revenues to 13, with Robinhood Legend and the Credit Card business joining the group.
Trading Revenues AccelerateTransaction-based revenues increased 44% year over year to $776 million. Options revenues rose 29% to $342 million, while equities revenues surged 95% to $129 million. Event-contract revenues jumped more than tenfold to $156 million.
Cryptocurrency revenues remained a weak spot, declining 38% to $100 million. Crypto notional volume totaled $40.4 billion, including $18.3 billion from the Robinhood app and $22.1 billion from Bitstamp. Overall crypto volume fell 39% sequentially.
Trading engagement remained strong elsewhere. Equity notional volume advanced 85% year over year to a record $956 billion, while options contracts traded grew 50% to a record 774 million. Event contracts traded reached a record 13.6 billion.
Customer Assets Reach New HighsFunded Customers increased 7% year over year to 28.4 million, including roughly 300,000 customers added through the WonderFi acquisition. Investment Accounts rose 9% to 29.9 million.
Total Platform Assets advanced 32% to $369 billion, aided by continued net deposits and higher equity valuations. These benefits were partly offset by lower cryptocurrency valuations. Average platform assets per funded customer reached $13,000.
Net deposits totaled a record $21.7 billion, representing a 28% annualized growth rate. Robinhood Retirement assets under custody surged 82% to a record $34.5 billion.
Robinhood Gold subscribers increased 39% year over year and 11% sequentially to 4.84 million. Gold adoption reached 17% of funded customers, up from 13.1% a year earlier. The company noted that roughly 40% of new funded customers enrolled in Gold during the quarter. Annualized Gold subscription revenues reached $216 million.
Other wealth products also gained traction. Robinhood Strategies grew to more than 300,000 funded customers and nearly $2 billion in assets under management. Robinhood Banking ended June with more than $3 billion in deposits from over 240,000 funded customers.
Costs Up on Growth InvestmentsTotal operating expenses increased 33% year over year to $734 million. The increase reflected marketing and growth investments, restructuring charges and expenses related to Trump Accounts and Rothera.
Adjusted operating expenses and share-based compensation rose 23% to $641 million.
Robinhood’s profitability remained solid despite the higher expense base. Adjusted EBITDA increased 35% to $741 million, while the adjusted EBITDA margin improved to 57% from 56% a year earlier.
Share Buyback UpdatesRobinhood continued returning capital to shareholders. The company repurchased $414 million of Class A common stock during the quarter, representing 4.4 million shares at an average price of approximately $94 each. This included $290 million of repurchases tied to its June convertible-notes offering and conducted outside the existing authorization.
Since launching its initial repurchase program in the third quarter of 2024, Robinhood has bought back $1.3 billion, or 27 million shares, at an average price of roughly $47.
2026 OutlookRobinhood lowered and tightened its 2026 adjusted operating expenses and share-based compensation outlook to $2.675-$2.775 billion from the prior range of $2.7-$2.825 billion. The revised forecast reflects efficiency gains that helped fund costs associated with Rothera and WonderFi.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in fresh estimates.
VGM ScoresAt this time, Robinhood Markets has a poor Growth Score of F, however its Momentum Score is doing a lot better with an A. However, the stock has a score of F on the value side, putting it in the lowest quintile 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, Robinhood Markets has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerRobinhood Markets is part of the Zacks Financial - Investment Bank industry. Over the past month, Interactive Brokers Group, Inc. (IBKR - Free Report) , a stock from the same industry, has gained 6.7%. The company reported its results for the quarter ended June 2026 more than a month ago.
Interactive Brokers reported revenues of $1.88 billion in the last reported quarter, representing a year-over-year change of +27.2%. EPS of $0.69 for the same period compares with $0.51 a year ago.
Interactive Brokers is expected to post earnings of $0.65 per share for the current quarter, representing a year-over-year change of +14%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #1 (Strong Buy) for Interactive Brokers. Also, the stock has a VGM Score of F.
Chipotle za 2. čtvrtletí překonala odhady zisku i tržeb, když EPS činil 33 centů a tržby dosáhly 3,35 miliardy USD. Akcie ale za zhruba měsíc od výsledků klesly asi o 3,4 %.
It has been about a month since the last earnings report for Chipotle Mexican Grill (CMG - Free Report) . Shares have lost about 3.4% 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 Chipotle due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Chipotle Mexican Grill, Inc. before we dive into how investors and analysts have reacted as of late.
Chipotle Q2 Earnings & Revenues Beat EstimatesChipotle reported second-quarter 2026 results, with earnings and revenues beating the Zacks Consensus Estimate. The top line increased year over year, while adjusted earnings remained unchanged from the prior-year quarter.
The company benefited from new restaurant openings, positive comparable restaurant sales and transaction growth. Marketing initiatives, menu innovation, Chipotle Rewards engagement and hospitality investments also supported performance. However, inflation, higher ingredient usage and increased operating expenses pressured margins.
CMG’s Q2 Earnings & Revenue DiscussionFor the quarter under review, CMG reported adjusted earnings per share of 33 cents, beating the Zacks Consensus Estimate of 32 cents by 3.13%. The bottom line remained unchanged from the year-ago quarter.
Quarterly revenues of $3.35 billion surpassed the consensus mark of $3.32 billion by 0.81%. The top line increased 9.3% year over year, driven primarily by new restaurant openings and comparable restaurant sales growth.
Comparable restaurant sales increased 2.2% against a 4% decline reported in the prior-year quarter. The improvement reflected a 1% increase in transactions and a 1.2% rise in average check.
During the second quarter, digital sales contributed 38.3% to total food and beverage revenues, up from 35.5% in the year-ago period. The Rewards relaunch, Summer of Extras campaign and new in-restaurant enrollment tools supported digital engagement.
CMG’s Q2 Costs, Operating Highlights & Net IncomeFood, beverage and packaging costs, as a percentage of revenues, were 29.7%, up from 28.9% in the year-ago quarter. The increase reflected inflation in beef and freight, along with higher protein and produce usage. Menu price increases and lower avocado and dairy costs partly offset these pressures.
Labor costs as a percentage of revenues came in at 25% compared with 24.7% reported in the prior-year quarter. The rise was attributable to wage inflation, performance-based bonuses and additional restaurant labor supporting operational and hospitality initiatives. Other operating costs represented 14.9% of revenues compared with 14% a year ago. Higher marketing, insurance, maintenance and utility expenses contributed to the increase.
In the second quarter, restaurant-level operating margin came in at 25.2% compared with 27.4% reported in the prior-year quarter. We predicted the metric to be 25%. Operating margin in the quarter declined 250 basis points year over year to 15.7%. We predicted the metric to be 15.9%.
Adjusted net income totaled $418.9 million compared with $450.4 million in the prior-year quarter. Our estimate for the metric was $418.8 million.
Balance Sheet of ChipotleAs of June 30, 2026, Chipotle had cash and cash equivalents of $228.2 million compared with $350.5 million as of Dec. 31, 2025.
During the quarter, CMG repurchased $630.7 million of stock at an average price of $32.55 per share. The company had $1.7 billion remaining under its share repurchase authorizations at quarter-end. For the first six months of 2026, net cash provided by operating activities was $1.33 billion compared with $1.12 billion in the year-ago period.
Chipotle’s Restaurant OpeningsStrength in new restaurant openings aided the company’s performance in the second quarter. Chipotle opened 100 company-owned restaurants, of which 80 featured a Chipotlane. It also opened one international partner-operated restaurant.
As of June 30, 2026, the company operated 4,186 company-owned restaurants and 15 partner-operated locations. Average restaurant sales were $3.102 million compared with $3.142 million in the prior-year quarter.
Chipotlanes continued to support guest convenience, new restaurant sales, margins and returns. Management remains confident in the company’s ability to operate at least 7,000 restaurants across North America.
CMG’s 2026 OutlookFor 2026, management now expects comparable restaurant sales growth in the low-single-digit range.
The company continues to anticipate 350-370 new restaurant openings, including 10-15 international partner-operated restaurants. Around 80% of new company-owned restaurants are expected to feature a Chipotlane.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in fresh estimates.
VGM ScoresAt this time, Chipotle has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with a D. Following the exact same course, the stock has 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 C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Chipotle has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Nasdaq Verafin se spojil s Q6 Cyber a do své platformy přidává darkwebové zpravodajské informace o podvodech pro včasnější odhalování podvodů u finančních institucí.
Q6 partnership brings unique dark web fraud intelligence into Nasdaq Verafin’s consortium | Source: Nasdaq, Inc.
NEW YORK, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Nasdaq Verafin today announced a partnership with Q6 Cyber, bringing together Q6 Cyber's dark web fraud intelligence and Verafin's consortium data insights in a single platform to help financial institutions proactively identify and respond to emerging fraud and scam threats. Stolen checks, payment cards, and online banking credentials are increasingly traded through private forums and encrypted channels commonly referred to as the dark web. Through this partnership, financial institutions can access Q6 Cyber's specialized visibility into dark web activity alongside Nasdaq Verafin's industry-leading counterparty and transaction insights, providing a more comprehensive view of emerging threats and enabling more informed fraud prevention efforts.
“Financial institutions have long been at a structural disadvantage when it comes to fraud, as they can only see threats once they arrive,” said Colin Parsons, Head of Fraud Product Strategy at Nasdaq Verafin. “By integrating Q6 Cyber’s capabilities directly into Nasdaq Verafin, we are giving our clients the ability to identify fraud threats before the first fraudulent transaction is ever attempted. That kind of proactive protection is what banks and credit unions need to stay ahead in a threat environment that’s evolving faster than traditional defenses.”
Through this partnership, Nasdaq Verafin will integrate Q6 Cyber’s capabilities, known as dark web fraud intelligence, into its fraud and anti-money laundering platform, enabling financial institutions to receive Q6 Cyber data within the same workflow they use to investigate fraud cases. Q6 Cyber continuously monitors dark web marketplaces, deep web forums, and encrypted messaging platforms, identifying a wide range of fraud threats such as compromised checks, payment cards, and online banking credentials, among others. By combining these predictive and actionable risk signals with intelligence from Nasdaq Verafin’s consortium data network of over 2,800 financial institutions and more than 850 million counterparties, this partnership aims to deliver a more holistic picture of fraud risk. This enables banks and credit unions to identify and respond to fraud risks earlier, helping prevent fraud where possible and mitigate losses when suspicious activity is already underway.
“Access to these sources and communities is not something you can buy or crawl,” said Eli Dominitz, CEO of Q6 Cyber. “Our intelligence is highly impactful because over the past ten years, we have built a massive network of proprietary sources deep inside the dark web, going after the threat actors that target financial institutions. With first-hand access, every piece of intelligence we deliver is a confirmed compromise or threat rather than an exposure score. Bringing that into Nasdaq Verafin puts it in front of the fraud fighters who can act on it days or weeks before the fraud event even occurs.”
In the past 18 months alone, Q6 Cyber collected more than 1.2 million compromised checks, 57 million unique compromised credentials, and 158 million compromised payment cards from the hundreds of thousands of financial crime sources it monitors. Since this intelligence comes from directly inside the communities where stolen data is sold, this partnership is designed to deliver actionable threat intelligence within minutes to hours of surfacing on the dark web, which is usually well in advance of the ensuing fraud attempt.
Check fraud is an increasingly sophisticated and persistent fraud typology growing at an annualized rate of 20.4% over the last two years, according to Nasdaq Verafin’s 2026 Global Financial Crime Report. In a proof-of-concept, companies found that the average time from Q6 Cyber’s detection of a stolen check listing on the dark web to the first fraudulent check being returned was 10 days. By giving financial institutions a multi-day window to prevent the fraudulent check deposit, anti-financial crime teams can take steps to help ensure their customers’ accounts are protected well before a fraudulent transaction is even attempted.
Nasdaq Verafin clients will have access to Q6 Cyber’s powerful intelligence covering a range of fraud vectors including check fraud, payment card fraud, and online account takeover, enabling financial institutions to stay ahead of fraudsters. Nasdaq Verafin will receive intelligence from Q6 Cyber and surface it to customers as high-risk alerts, consolidating this threat data and making it available directly into Verafin's platform, so institutions can investigate and act on it in one unified workflow. To learn more about the partnership, visit: https://verafin.com/nasdaq-verafin-partners-with-q6-cyber.
About Nasdaq Verafin
Nasdaq Verafin provides Financial Crime Management Technology solutions for Fraud Detection and Management, AML/CFT Compliance and Management, High Risk Customer Management, Sanctions Screening and Management, and Information Sharing. More than 2,800 financial institutions, representing $13 trillion in collective assets, use Nasdaq Verafin to prevent fraud and strengthen AML/CFT efforts. Visit www.verafin.com to learn more.
About Q6 Cyber
Q6 Cyber delivers dark web fraud intelligence purpose-built for financial institutions. It identifies confirmed compromises within the dark web — such as stolen checks, payment cards, account credentials, and mule accounts, among others — and delivers them as actionable alerts, giving banks and credit unions a critical time advantage to act before fraud is attempted. Q6 Cyber runs 24/7/365 across hundreds of thousands of underground channels, including invite-only forums, encrypted messaging platforms, carding marketplaces, and malware and botnet infrastructure, in the numerous languages those communities operate in. Learn more here.
Cautionary Note Regarding Forward-Looking Statements:
Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “will”, “can” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the benefits of Q6 Cyber’s dark web intelligence and use of it together with the Verafin platform. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
Nasdaq Verafin Media Relations Contact
David Lurie
+1.914.538.0533 [email protected]
PBF za měsíc vzrostl o 19,3 %, protože se zlepšila dostupnost rafinérií a marže. Zpracování na West Coast ve 2. čtvrtletí stouplo o 32,6 % na 269 900 barelů denně.
Key Takeaways PBF gained 19.3% in a month as refinery availability and margins improved.Martinez's restart and rising West Coast margins strengthened PBF's refining performance.PBF's five-year-high sales multiple, RFS costs and planned maintenance could test momentum. PBF Energy Inc. (PBF - Free Report) shares have gained 19.3% in the past month, extending a sharp rerating as refinery availability and margins improve. The Zacks Consensus Estimate for 2026 earnings has increased 43.9% over the past four weeks, adding fundamental support to the move.
Image Source: Zacks Investment Research
The question is how much of that improvement is already reflected in the shares. PBF’s diversified refining system, Martinez restart and cost program add support, while a five-year-high sales multiple, renewable-fuel costs and scheduled maintenance create clear tests for the run.
PBF's Refinery Footprint Supports Margin CapturePBF’s six-refinery network spans East Coast, Gulf Coast, West Coast and Mid-Continent markets, with about 1 million barrels per day of aggregate processing capacity. A weighted-average Nelson Complexity Index of 12.8 supports varied crude slates, broadening the company’s options for margin capture.
Management expects product inventories to remain unusually low, with normalization taking well into 2027. It also does not expect crude availability to constrain operations, an important advantage while global trade flows remain disrupted.
Martinez Restores PBF's West Coast CapacityMartinez returned to full operations in May 2026 and has produced its full product slate since the fire-affected units restarted. That restored a key part of PBF’s West Coast system just as regional product availability tightened.
West Coast throughput increased 32.6% year over year to 269,900 barrels per day in the second quarter. The region’s gross refining margin, excluding special items, reached $30.16 per barrel, up from $9.35 a year earlier.
PBF's Cost Program and Lower Debt Add SupportThe Refining Business Improvement program is lowering PBF’s structural cost base. Run-rate cost improvements exceeded $230 million by year-end 2025 and are expected to surpass $350 million by year-end 2026, with energy efficiency and procurement initiatives contributing.
Balance-sheet repair adds another layer of flexibility. PBF cut net debt by more than 62% in the second quarter to about $855 million, while operational liquidity exceeded $3.5 billion at June 30.
PBF's Valuation Tests What May Be Priced InPBF trades at 0.26X forward 12-month sales, well below the Zacks sub-industry’s 1.61X. Yet 0.26X is also the top of PBF’s five-year range, versus a median of 0.12X, suggesting the stock is no longer cheap relative to its own history.
Delek US Holdings, Inc. (DK - Free Report) reported second-quarter 2026 refining adjusted EBITDA of $566.2 million, up from $114.8 million a year earlier, showing the broader benefit from stronger crack spreads. Valero Energy Corporation (VLO - Free Report) likewise posted refining operating income of $4.5 billion, up from $1.3 billion a year earlier. Peer strength supports the refining backdrop but does not remove PBF’s company-specific valuation tension.
RFS Costs and Turnarounds Could Test PBF's RunRenewable Fuel Standard compliance costs more than doubled to $331.3 million in the second quarter from $165 million a year earlier. First-half costs reached $609.3 million versus $285 million, showing how environmental-credit obligations can absorb part of the margin uplift.
Maintenance remains another test. Martinez’s hydrocracker turnaround is scheduled from late in the third quarter through October, while Paulsboro’s crude-unit work remains planned for late fall. Ongoing Martinez regulatory investigations add another source of uncertainty.
Strong PBF Signals Reinforce the Momentum SetupPBF’s momentum still has fundamental support, but the next leg depends on capturing favorable refining margins while controlling compliance costs and downtime. The stock’s own five-year valuation range leaves less room for execution misses than the sub-industry discount alone suggests.
PBF currently carries a Zacks Rank #1 (Strong Buy), a Value Score of A, Growth Score of A, Momentum Score of B and VGM Score of A. The top Rank points to favorable near-term estimate-revision trends, while the Style Scores indicate a strong mix of value, growth and momentum characteristics. Those signals support the setup without eliminating refining-cycle or execution risk.
You can see the complete list of today’s Zacks #1 Rank stocks here.
, /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that the first trades of its U.S. Zinc Futures contracts were executed on CME Globex by Glencore and Trafigura. The first trades, executed on screen on August 20, were for September delivery.
CME Group updated its Zinc contract to U.S. duty-paid in March 2026 in response to client demand for a tool to manage U.S. pricing dynamics. As an exchange-traded, centrally cleared instrument that provides a risk management tool for the all-in U.S. zinc price, the contract will help improve accuracy, transparency and hedging optimization for producers, consumers and intermediaries.
"As geopolitical fragmentation reshapes global supply chains, regional price signals matter more than ever," said Jin Hennig, Managing Director and Global Head of Metals at CME Group. "The U.S. zinc market increasingly moves to its own dynamics — driven by domestic policy and supply security — and our new futures contract addresses this gap by providing participants a precise tool to manage their exposure."
CME Group was the first to introduce regional products in industrial metals, steel and battery metals to allow clients to better tailor their hedging strategies. These contracts have become essential tools for industrial metals supply chains:
Both U.S. and European Hot-Rolled Coil ("HRC") steel futures contracts are trading at record levels year-to-date, with U.S. HRC trading 1,483 contracts per day (29,660 short tons) and EU HRC trading 360 contracts (7,200 metric tons). Copper futures were up 12% YoY in 1H 2026, averaging 107,000 contracts per day (1 million short tons). Regional Aluminum Premium suite had a record year in 2025 with 864 contracts traded per day (21,600 metric tons). The U.S. Zinc Futures contract is physically settled and listed by and subject to the rules of COMEX. For more information, please visit here.
As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, cryptocurrencies, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.
CME Group plánuje ve 4. čtvrtletí spustit finančně vypořádané futures a opce na větrnou energii, pokud projdou regulačním schválením. Kontrakty mají pomoci s hedgingem rizik spojených s výrobou z větrné energie.
, /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced plans to launch financially-settled Wind Power futures and options in the fourth quarter, pending regulatory review. These new tools will help market participants manage risk associated with wind power generation, extending CME Group's suite of market-leading energy products.
Based on indices provided by Vaisala Xweather, the new futures will track and settle against independent datasets that model projected wind power output at designated locations. The new contracts add to CME Group's market-leading product offerings that help customers navigate the energy transition, including Henry Hub Natural Gas and Weather futures.
The regions selected have either a significant amount of installed capacity or a notable percentage of their electricity comes from wind generation. The five contracts cover four key global power regions:
Wind Power Germany ERA5 100m 2019 Index Wind Power Germany ERA5 100m 2022 B Index Wind Power UK ERA5 100m 2022 Index Wind Power Australia VIC 2024-06 Index Wind Power U.S. Texas ERCOT ERA5 100m 2022 Index "As wind power accounts for a growing share of electricity generation, hedging renewable energy markets has never been more important," said Peter Keavey, Managing Director and Global Head of Energy Products at CME Group. "Our new Wind futures and options contracts will provide market participants with a standardized, exchange-cleared solution to manage their exposure to fluctuating wind production impacting the power stack – all on the same platform as Natural Gas, Power, and Weather."
"Our work with CME Group brings the same independent, trusted, and rigorously modeled data behind temperature contracts to wind power, giving traders, utilities, and renewable operators a standardized way to manage the financial effects of an increasingly extreme weather environment," said David Whitehead, general manager of insurance sales at Vaisala Xweather. "It's a natural extension of the datasets our settlement services team has previously provided CME Group with, and we're excited to help scale the market for exchange-listed renewable weather derivatives across the US, Europe, and Australia."
Unlike traditional commodities, electricity must be generated the moment it is consumed. To maintain the balance between supply and demand, the energy grid relies on a diversified portfolio of sources. For natural gas and power traders, wind is the key variable – it dictates the marginal cost of energy and signals precisely when gas plants will turn on and when power prices are likely to move. Wind power generation grew by approximately 8% last year, according to the International Energy Agency.
CME Group offers the world's leading benchmark futures for energy. Average daily volume for Henry Hub, the world's leading benchmark futures for natural gas, reached a record ADV of 1 million futures and options contracts in the first quarter of 2026. In addition, weather contracts ADV grew 13% to 1,000 contracts a day in the first half of the year and average open interest climbed 58% to 73,000 contracts a day.
Wind Power futures and options will be listed on and subject to the rules of NYMEX. To learn more, visit here.
As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, cryptocurrencies, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.
Keysight pomohl AttoTude zkrátit vývojové cykly čipů o více než 50 % a dosáhnout prvního úspěšného průchodu na křemíku u pokročilých RF, sub-THz a THz návrhů. Díky tomu AttoTude zkrátil vývoj na méně než šest týdnů.
Keysight Technologies, Inc. (NYSE: KEYS) today announced that AttoTude Inc., a pioneer of next-generation ASICs over Dielectric interconnect technology for AI and hyperscale data center applications, has expanded its use of Keysight EDA software to manage its full IC design workflow. As a result, AttoTude has reduced its design cycles by more than 50% while achieving first-pass silicon success across advanced RF, sub-THz, and THz tape-outs that underpin its guided-wave interconnect platform.
Design velocity is emerging as a competitive advantage, with global semiconductor revenue forecast to exceed $1.3 trillion in 2026 and AI semiconductors expected to account for 30% of the market. For organizations developing AI interconnect technologies, accelerating silicon development while minimizing costly respins is vital to delivering the required bandwidth, efficiency, and scalability.
AttoTude designs integrated circuits that support per-lane data rates of 200G, 400G, and 800G, where on-chip interconnects behave as waveguides and accurate electromagnetic simulation is essential. With engineers working in parallel on sub-THz and THz subsystems, coordinating workloads without a shared, version-controlled environment makes first-pass silicon success difficult to achieve at scale. With the Keysight Advanced Design System (ADS) platform, AttoTude has cut design cycles to less than six weeks, with designs consistently performing to specification on first silicon.
Utilizing Keysight's design data management software, AttoTude maintains a single source of truth across its design environment, giving engineers full traceability and visibility at every stage. System-level scenario planning allows the team to explore design trade-offs before committing to silicon, with simulation-to-measurement correlation ensuring results reflect performance. As operating frequencies extend from RF into the sub-THz and THz domains, maintaining consistency between layouts, electromagnetic models, and simulation data becomes critical to delivering reliable silicon.
Richard Chan, ASIC Architect and Development Leader, AttoTude, said: “Developing an ASICs over Dielectric interconnect platform that spans signaling frequencies from 100 GHz to 3 THz requires an exceptional level of design accuracy and simulation fidelity. Keysight’s EDA software has enabled our engineering team to move faster with greater confidence, helping us accelerate development while consistently achieving first-pass silicon success.”
Nilesh Kamdar, General Manager, Keysight EDA, said: “At Keysight, we measure success by what our customers achieve. The next generation of AI infrastructure will be built by the teams that move from design to silicon fastest, and AttoTude is proving what that speed makes possible.”
Resources
Web Page: Keysight Advanced Design System
Web Page: Keysight Enterprise SOS
Web Page: AttoTude
About Keysight Technologies
Keysight (NYSE: KEYS) serves technology innovators as a mission-critical design enablement partner for the world’s most complex engineering challenges. By connecting market-leading design, emulation, and test solutions across the full life cycle, Keysight helps engineering teams accelerate innovation, reduce risk, and bring new technologies to market faster. Customers across AI infrastructure, communications, industrial automation, aerospace and defense, automotive, semiconductor, and general electronics rely on Keysight to bridge virtual design and physical reality, enabling confident decisions earlier. Learn more at www.keysight.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260826386206/en/
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Total Revenues of $928.0M, up 18% Year Over Year
Subscription Revenues of $766.8M, up 16% Year Over Year
, /PRNewswire/ -- Veeva Systems Inc. (NYSE: VEEV), a leading provider of industry cloud solutions for the global life sciences industry, today announced results for its second quarter ended July 31, 2026.
"AI is opening up the next big chapter for Veeva and life sciences," said CEO Peter Gassner. "Vault CRM had its best quarter ever and Veeva Falcon accelerated rapidly. By bringing together deep industry applications, agents, data, and consulting, we are helping the industry drive new efficiencies from clinical to commercial and deliver better outcomes for patients."
Fiscal 2027 Second Quarter Results:
Revenues: Total revenues for the second quarter were $928.0 million, up from $789.1 million one year ago, an increase of 18% year over year. Subscription revenues for the second quarter were $766.8 million, up from $659.2 million one year ago, an increase of 16% year over year. Operating Income and Non-GAAP Operating Income:(1) Second quarter operating income was $275.0 million, compared to $195.9 million one year ago, an increase of 40% year over year. Non-GAAP operating income for the second quarter was $415.9 million, compared to $352.6 million one year ago, an increase of 18% year over year. Net Income and Non-GAAP Net Income:(1) Second quarter net income was $273.4 million, compared to $200.3 million one year ago, an increase of 37% year over year. Non-GAAP net income for the second quarter was $387.4 million, compared to $333.4 million one year ago, an increase of 16% year over year. Net Income per Share and Non-GAAP Net Income per Share:(1) For the second quarter, fully diluted net income per share was $1.66, compared to $1.19 one year ago, while non-GAAP fully diluted net income per share was $2.35, compared to $1.99 one year ago. "Second quarter results exceeded guidance on all metrics and our view for the full year improved across the board," said CFO Brian Van Wagener. "We continue to execute well across the business while also accelerating innovation and progress in new growth areas."
Recent Highlights:
Vault CRM Leadership Grows with More Top 20 Wins, Go-lives, and AI Adoption – Vault CRM leadership grew with more than 180 customers live, including five top 20 biopharmas. In August, two top 20 biopharmas and one large enterprise biopharma committed to Vault CRM, bringing total top 20 commitments to 12 globally. As the industry's fastest path to agentic CRM, a top 20 biopharma deployed Vault CRM and the Agentic Call Report across its full U.S. field team in the quarter. Major AI Milestones for Vault AI and Falcon, and Agentic MLR Launches – Veeva AI advanced rapidly across all areas. Development of Veeva Falcon, the agentic labor platform for clinical, regulatory, and safety, is moving quickly with five early adopters and on track for initial go-lives this year. The company also acquired Copli in the quarter and launched Veeva Falcon MLR to automate content reviews. August marked a major milestone for Vault AI with new standard agents, broader capabilities for existing agents, and advanced tools for custom agent development. Delivering the Connected Foundation for R&D and Quality – Development Cloud and Quality Cloud saw broad adoption, deepening relationships with new and existing customers. In clinical, a large enterprise biopharma selected Veeva EDC, building on its existing eTMF, CTMS, and Study Startup foundation. Veeva Safety surpassed 100 total customers while securing its second top 20 biopharma win for Safety Workbench. In Quality, Veeva added more than 30 new customers, driven by 20 or more wins each across QualityDocs, QMS, and Training. Financial Outlook:
Veeva is providing guidance for its fiscal third quarter ending October 31, 2026 as follows:
Total revenues between $932 and $935 million. Non-GAAP operating income between $417 and $420 million.(2) Non-GAAP fully diluted net income per share between $2.33 and $2.34.(2) Veeva is providing updated guidance for its fiscal year ending January 31, 2027 as follows:
Total revenues between $3,682 and $3,687 million. Non-GAAP operating income of about $1,640 million.(2) Non-GAAP fully diluted net income per share of approximately $9.21.(2) Conference Call Information
Prepared remarks and an investor presentation providing additional information and analysis can be found on Veeva's investor relations website at ir.veeva.com. Veeva will host a Q&A conference call at 2:00 p.m. PT today, August 26, 2026, and a replay of the call will be available on Veeva's investor relations website.
(1) This press release uses non-GAAP financial metrics that are adjusted for the impact of various GAAP items. See the section titled "Non-GAAP Financial Measures" and the tables entitled "Reconciliation of GAAP to Non-GAAP Financial Measures" below for details.
(2) Veeva is not able, at this time, to provide GAAP targets for operating income and fully diluted net income per share for the third fiscal quarter ending October 31, 2026 or the fiscal year ending January 31, 2027 because of the difficulty of estimating certain items excluded from non-GAAP operating income and non-GAAP fully diluted net income per share that cannot be reasonably predicted, such as charges related to stock-based compensation expense. The effect of these excluded items may be significant.
About Veeva Systems
Veeva delivers the industry cloud for life sciences with applications, agents, data, and consulting. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,500 customers, ranging from the world's largest pharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders and the industries it serves. For more information, visit veeva.com.
Veeva uses its ir.veeva.com website as a means of disclosing material non-public information, announcing upcoming investor conferences, and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website in addition to following our press releases, SEC filings, and public conference calls and webcasts.
Forward-looking Statements
This release contains forward-looking statements regarding Veeva's expected future performance and, in particular, includes quotes from management and guidance, provided as of August 26, 2026, about Veeva's expected future financial results. Estimating guidance accurately for future periods is difficult. It involves assumptions and internal estimates that may prove to be incorrect and is based on plans that may change. Hence, there is a significant risk that actual results could differ materially from the guidance we have provided in this release and we have no obligation to update such guidance. There are also numerous risks that have the potential to negatively impact our financial performance, including issues related to the performance, availability, security, or privacy of our products, competitive factors, customer decisions and priorities, developments that impact the life sciences industry (including regulatory, funding, or policy changes), general macroeconomic and geopolitical events (including changes in trade policy or practices, inflationary pressures, currency exchange fluctuations, changes in interest rates, and geopolitical conflicts), and issues that impact our ability to hire, retain and adequately compensate talented employees. We have summarized what we believe are the principal risks to our business in a section titled "Summary of Risk Factors" on pages 33 and 34 in our filing on Form 10-Q for the period ended April 30, 2026 which you can find here. Additional details on the risks and uncertainties that may impact our business can be found in the same filing on Form 10-Q and in our subsequent SEC filings, which you can access at sec.gov. We recommend that you familiarize yourself with these risks and uncertainties before making an investment decision.
Investor Relations Contact:
Media Contact:
Gunnar Hansen
Maria Scurry
Veeva Systems Inc.
Veeva Systems Inc.
267-460-5839
781-366-7617
[email protected]
[email protected]
VEEVA SYSTEMS INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
July 31,
2026
January 31,
2026
Assets
Current assets:
Cash and cash equivalents
$ 1,812,012
$ 1,421,233
Short-term investments
5,430,935
5,139,581
Accounts receivable, net
496,677
1,259,737
Unbilled accounts receivable
68,970
50,609
Prepaid expenses and other current assets
137,633
126,470
Total current assets
7,946,227
7,997,630
Property and equipment, net
79,483
70,261
Deferred costs, net
27,835
29,961
Lease right-of-use assets
129,320
75,626
Goodwill
492,991
439,877
Intangible assets, net
55,647
30,314
Deferred income taxes
268,250
273,417
Other long-term assets
60,470
62,257
Total assets
$ 9,060,223
$ 8,979,343
Liabilities and stockholders' equity
Current liabilities:
Accounts payable
$ 35,977
$ 37,644
Accrued compensation and benefits
42,188
45,857
Accrued expenses and other current liabilities
49,634
45,885
Income tax payable
3,018
6,698
Deferred revenue
1,310,498
1,488,819
Lease liabilities
14,635
12,153
Total current liabilities
1,455,950
1,637,056
Deferred income taxes
2,056
558
Long-term lease liabilities
137,060
83,706
Other long-term liabilities
33,708
43,271
Total liabilities
1,628,774
1,764,591
Stockholders' equity:
Common stock
2
2
Additional paid-in capital
2,579,728
2,843,089
Accumulated other comprehensive (loss) income
(46,147)
8,160
Retained earnings
4,897,866
4,363,501
Total stockholders' equity
7,431,449
7,214,752
Total liabilities and stockholders' equity
$ 9,060,223
$ 8,979,343
VEEVA SYSTEMS INC.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In thousands, except per share data)
(Unaudited)
Three months ended July 31,
Six months ended July 31,
2026
2025
2026
2025
Revenues:
Subscription(3)
$ 766,764
$ 659,183
$ 1,496,939
$ 1,293,951
Professional services and other(4)
161,199
129,898
313,972
254,173
Total revenues
927,963
789,081
1,810,911
1,548,124
Cost of revenues(5):
Cost of subscription
105,677
93,830
204,780
172,176
Cost of professional services and other
126,335
101,423
248,156
196,901
Total cost of revenues
232,012
195,253
452,936
369,077
Gross profit
695,951
593,828
1,357,975
1,179,047
Operating expenses(5):
Research and development
222,918
192,677
431,241
376,710
Sales and marketing
126,701
109,439
237,818
208,067
General and administrative
71,314
95,804
140,786
164,630
Total operating expenses
420,933
397,920
809,845
749,407
Operating income
275,018
195,908
548,130
429,640
Other income, net
74,512
69,456
148,930
134,545
Income before income taxes
349,530
265,364
697,060
564,185
Income tax provision
76,101
65,055
162,695
135,686
Net income
$ 273,429
$ 200,309
$ 534,365
$ 428,499
Net income per share:
Basic
$ 1.68
$ 1.23
$ 3.28
$ 2.63
Diluted
$ 1.66
$ 1.19
$ 3.22
$ 2.56
Weighted-average shares used to compute net income per share:
Basic
162,344
163,496
162,836
163,129
Diluted
165,057
167,685
166,072
167,272
Other comprehensive income:
Net change in unrealized (loss) gain on available-for-sale investments
$ (26,490)
$ (11,300)
$ (53,941)
$ 6,067
Net change in cumulative foreign currency translation gain (loss)
135
390
(366)
352
Comprehensive income
$ 247,074
$ 189,399
$ 480,058
$ 434,918
(3) Includes subscription revenues from the following product areas:
Veeva Commercial Solutions
$ 347,389
$ 307,523
$ 685,255
$ 612,934
Veeva R&D and Quality Solutions
419,375
351,660
811,684
681,017
Total subscription
$ 766,764
$ 659,183
$ 1,496,939
$ 1,293,951
(4) Includes professional services and other revenues from the following product areas:
Veeva Commercial Solutions
$ 59,742
$ 47,703
$ 117,315
$ 94,270
Veeva R&D and Quality Solutions
101,457
82,195
196,657
159,903
Total professional services and other
$ 161,199
$ 129,898
$ 313,972
$ 254,173
(5) Includes stock-based compensation as follows:
Cost of revenues:
Cost of subscription
$ 2,224
$ 1,941
$ 3,985
$ 3,656
Cost of professional services and other
15,939
14,804
30,090
27,573
Research and development
62,220
53,388
113,783
101,337
Sales and marketing
27,886
25,392
52,480
47,713
General and administrative
28,534
26,441
55,724
53,897
Total stock-based compensation
$ 136,803
$ 121,966
$ 256,062
$ 234,176
VEEVA SYSTEMS INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
Six months ended July 31,
2026
2025
Cash flows from operating activities
Net income
$ 534,365
$ 428,499
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
22,458
19,948
Reduction of lease right-of-use assets
7,038
6,316
Accretion of discount on short-term investments
(2,841)
(4,535)
Stock-based compensation
256,062
234,176
Amortization of deferred costs
9,805
8,205
Deferred income taxes
26,529
31,699
Other, net
(1,127)
(1,414)
Changes in operating assets and liabilities:
Accounts receivable
768,314
593,032
Unbilled accounts receivable
(18,361)
(9,587)
Deferred costs
(7,679)
(7,721)
Prepaid expenses and other current and long-term assets
(21,394)
(21,232)
Accounts payable
(652)
3,361
Accrued expenses and other current liabilities
(1,578)
23,763
Income tax payable
(3,945)
(5,362)
Deferred revenue
(200,001)
(180,888)
Lease liabilities
(4,426)
(5,300)
Other long-term liabilities
3,258
2,631
Net cash provided by operating activities
1,365,825
1,115,591
Cash flows from investing activities
Purchases of short-term investments
(1,706,632)
(1,452,857)
Maturities and sales of short-term investments
1,345,987
1,023,691
Long-term assets
(9,773)
(12,213)
Acquisitions, net of cash acquired
(81,833)
—
Net cash used in investing activities
(452,251)
(441,379)
Cash flows from financing activities
Proceeds from exercise of common stock options
17,143
182,297
Repurchases of common stock
(472,673)
—
Taxes paid related to net share settlement of equity awards
(66,304)
(46,228)
Net cash (used in) provided by financing activities
(521,834)
136,069
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
(831)
1,365
Net change in cash, cash equivalents, and restricted cash
390,909
811,646
Cash, cash equivalents, and restricted cash at beginning of period
1,423,412
1,120,963
Cash, cash equivalents, and restricted cash at end of period
$ 1,814,321
$ 1,932,609
Supplemental disclosures of other cash flow information:
Excess tax (deficiency) benefit from employee stock plans
$ (824)
$ 15,610
Non-GAAP Financial Measures
In Veeva's public disclosures, Veeva has provided non-GAAP measures, which it defines as financial information that has not been prepared in accordance with generally accepted accounting principles in the United States, or GAAP. In addition to its GAAP measures, Veeva uses these non-GAAP financial measures internally for budgeting and resource allocation purposes and in analyzing its financial results. For the reasons set forth below, Veeva believes that excluding the following items provides information that is helpful in understanding its operating results, evaluating its future prospects, comparing its financial results across accounting periods, and comparing its financial results to its peers, many of which provide similar non-GAAP financial measures.
Excess tax benefit (deficiency). Excess tax benefits (deficiencies) from employee stock plans are dependent on previously agreed-upon equity grants to our employees, vesting of those grants, stock price, and exercise behavior of our employees, which can fluctuate from quarter to quarter. Because these fluctuations are not directly related to our business operations, Veeva finds it useful to exclude excess tax benefits (deficiencies) when assessing the level of cash provided by operating activities. Given the nature of the excess tax benefits (deficiencies), Veeva believes excluding it allows investors to make meaningful comparisons between our operating cash flows from quarter to quarter and those of other companies. Stock-based compensation expenses. Veeva excludes stock-based compensation expenses primarily because they are non-cash expenses that Veeva excludes from its internal management reporting processes. Veeva's management also finds it useful to exclude these expenses when they assess the appropriate level of various operating expenses and resource allocations when budgeting, planning and forecasting future periods. Moreover, because of varying available valuation methodologies, subjective assumptions and the variety of award types that companies can use, Veeva believes excluding stock-based compensation expenses allows investors to make meaningful comparisons between our recurring core business operating results and those of other companies. Amortization of purchased intangibles. Veeva incurs amortization expense for purchased intangible assets in connection with acquisitions of certain businesses and technologies. Amortization of intangible assets is a non-cash expense and is inconsistent in amount and frequency because it is significantly affected by the timing, size of acquisitions and the inherent subjective nature of purchase price allocations. Because these costs have already been incurred and cannot be recovered, and are non-cash expenses, Veeva excludes these expenses for its internal management reporting processes. Veeva's management also finds it useful to exclude these charges when assessing the appropriate level of various operating expenses and resource allocations when budgeting, planning and forecasting future periods. Investors should note that the use of intangible assets contributed to Veeva's revenues earned during the periods presented and will contribute to Veeva's future period revenues as well. Litigation settlement-related charges. We exclude certain costs related to litigation settlements, including outcome-based payments to the law firms that represented us, because they are non-recurring and outside the ordinary course of business. Because these costs are unrelated to our day-to-day business operations, we believe excluding them enables more consistent evaluation of our operating results. Income tax effects on the difference between GAAP and non-GAAP costs and expenses. The income tax effects that are excluded relate to the imputed tax impact on the difference between GAAP and non-GAAP costs and expenses due to stock-based compensation and purchased intangibles for GAAP and non-GAAP measures. There are limitations to using non-GAAP financial measures because non-GAAP financial measures are not prepared in accordance with GAAP and may be different from non-GAAP financial measures provided by other companies. The non-GAAP financial measures are limited in value because they exclude certain items that may have a material impact upon our reported financial results. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by Veeva's management about which items are adjusted to calculate its non-GAAP financial measures. Veeva compensates for these limitations by analyzing current and future results on a GAAP basis as well as a non-GAAP basis and also by providing GAAP measures in its public disclosures.
Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Veeva encourages its investors and others to review its financial information in its entirety, not to rely on any single financial measure to evaluate its business, and to view its non-GAAP financial measures in conjunction with the most directly comparable GAAP financial measures. A reconciliation of GAAP to the non-GAAP financial measures has been provided in the tables below.
VEEVA SYSTEMS INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(Dollars in thousands)
(Unaudited)
The following tables reconcile the specific items excluded from GAAP metrics in the calculation of non-GAAP metrics for the periods shown below:
Reconciliation of Net Cash Provided by Operating Activities (GAAP basis to non-GAAP basis)
Three months ended July 31,
Six months ended July 31,
2026
2025
2026
2025
Net cash provided by operating activities on a GAAP basis
$ 238,709
$ 238,433
$ 1,365,825
$ 1,115,591
Excess tax (benefit) deficiency from employee stock plans
(3,268)
(13,031)
824
(15,610)
Net cash provided by operating activities on a non-GAAP basis
$ 235,441
$ 225,402
$ 1,366,649
$ 1,099,981
Net cash used in investing activities on a GAAP basis
$ (63,540)
$ (389,272)
$ (452,251)
$ (441,379)
Net cash (used in) provided by financing activities on a GAAP basis
$ (259,308)
$ 115,689
$ (521,834)
$ 136,069
Reconciliation of Financial Measures (GAAP basis to non-GAAP basis)
Three months ended July 31,
Six months ended July 31,
2026
2025
2026
2025
Cost of subscription revenues on a GAAP basis
$ 105,677
$ 93,830
$ 204,780
$ 172,176
Stock-based compensation expense
(2,224)
(1,941)
(3,985)
(3,656)
Amortization of purchased intangibles
(1,072)
(1,046)
(1,746)
(2,058)
Cost of subscription revenues on a non-GAAP basis
$ 102,381
$ 90,843
$ 199,049
$ 166,462
Gross margin on subscription revenues on a GAAP basis
86.2 %
85.8 %
86.3 %
86.7 %
Stock-based compensation expense
0.3
0.3
0.3
0.3
Amortization of purchased intangibles
0.1
0.1
0.1
0.1
Gross margin on subscription revenues on a non-GAAP basis
86.6 %
86.2 %
86.7 %
87.1 %
Cost of professional services and other revenues on a GAAP basis
$ 126,335
$ 101,423
$ 248,156
$ 196,901
Stock-based compensation expense
(15,939)
(14,804)
(30,090)
(27,573)
Amortization of purchased intangibles
—
(139)
—
(273)
Cost of professional services and other revenues on a non-GAAP basis
$ 110,396
$ 86,480
$ 218,066
$ 169,055
Gross margin on professional services and other revenues on a GAAP basis
21.6 %
21.9 %
21.0 %
22.5 %
Stock-based compensation expense
9.9
11.4
9.5
10.8
Amortization of purchased intangibles
—
0.1
—
0.2
Gross margin on professional services and other revenues on a non-GAAP basis
31.5 %
33.4 %
30.5 %
33.5 %
Gross profit on a GAAP basis
$ 695,951
$ 593,828
$ 1,357,975
$ 1,179,047
Stock-based compensation expense
18,163
16,745
34,075
31,229
Amortization of purchased intangibles
1,072
1,185
1,746
2,331
Gross profit on a non-GAAP basis
$ 715,186
$ 611,758
$ 1,393,796
$ 1,212,607
Gross margin on total revenues on a GAAP basis
75.0 %
75.3 %
75.0 %
76.2 %
Stock-based compensation expense
2.0
2.1
1.9
2.0
Amortization of purchased intangibles
0.1
0.1
0.1
0.1
Gross margin on total revenues on a non-GAAP basis
77.1 %
77.5 %
77.0 %
78.3 %
Research and development expense on a GAAP basis
$ 222,918
$ 192,677
$ 431,241
$ 376,710
Stock-based compensation expense
(62,220)
(53,388)
(113,783)
(101,337)
Amortization of purchased intangibles
(270)
—
(270)
—
Research and development expense on a non-GAAP basis
$ 160,428
$ 139,289
$ 317,188
$ 275,373
VEEVA SYSTEMS INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (continued)
(Dollars in thousands, except per share data)
(Unaudited)
Three months ended July 31,
Six months ended July 31,
2026
2025
2026
2025
Sales and marketing expense on a GAAP basis
$ 126,701
$ 109,439
$ 237,818
$ 208,067
Stock-based compensation expense
(27,886)
(25,392)
(52,480)
(47,713)
Amortization of purchased intangibles
(2,720)
(2,890)
(5,051)
(5,685)
Sales and marketing expense on a non-GAAP basis
$ 96,095
$ 81,157
$ 180,287
$ 154,669
General and administrative expense on a GAAP basis
$ 71,314
$ 95,804
$ 140,786
$ 164,630
Stock-based compensation expense
(28,534)
(26,441)
(55,724)
(53,897)
Litigation settlement-related charges
—
(30,627)
—
(30,627)
General and administrative expense on a non-GAAP basis
$ 42,780
$ 38,736
$ 85,062
$ 80,106
Operating expense on a GAAP basis
$ 420,933
$ 397,920
$ 809,845
$ 749,407
Stock-based compensation expense
(118,640)
(105,221)
(221,987)
(202,947)
Amortization of purchased intangibles
(2,990)
(2,890)
(5,321)
(5,685)
Litigation settlement-related charges
—
(30,627)
—
(30,627)
Operating expense on a non-GAAP basis
$ 299,303
$ 259,182
$ 582,537
$ 510,148
Operating income on a GAAP basis
$ 275,018
$ 195,908
$ 548,130
$ 429,640
Stock-based compensation expense
136,803
121,966
256,062
234,176
Amortization of purchased intangibles
4,062
4,075
7,067
8,016
Litigation settlement-related charges
—
30,627
—
30,627
Operating income on a non-GAAP basis
$ 415,883
$ 352,576
$ 811,259
$ 702,459
Operating margin on a GAAP basis
29.6 %
24.8 %
30.3 %
27.8 %
Stock-based compensation expense
14.7
15.5
14.1
15.1
Amortization of purchased intangibles
0.5
0.5
0.4
0.5
Litigation settlement-related charges
—
3.9
—
2.0
Operating margin on a non-GAAP basis
44.8 %
44.7 %
44.8 %
45.4 %
Net income on a GAAP basis
$ 273,429
$ 200,309
$ 534,365
$ 428,499
Stock-based compensation expense
136,803
121,966
256,062
234,176
Amortization of purchased intangibles
4,062
4,075
7,067
8,016
Litigation settlement-related charges
—
30,627
—
30,627
Income tax effect on non-GAAP adjustments(6)
(26,882)
(23,572)
(38,945)
(40,085)
Net income on a non-GAAP basis
$ 387,412
$ 333,406
$ 758,549
$ 661,234
Diluted net income per share on a GAAP basis
$ 1.66
$ 1.19
$ 3.22
$ 2.56
Stock-based compensation expense
0.83
0.73
1.54
1.40
Amortization of purchased intangibles
0.02
0.02
0.04
0.05
Litigation settlement-related charges
—
0.18
—
0.18
Income tax effect on non-GAAP adjustments(6)
(0.16)
(0.13)
(0.23)
(0.24)
Diluted net income per share on a non-GAAP basis
$ 2.35
$ 1.99
$ 4.57
$ 3.95
________________________
(6) For the three and six months ended July 31, 2026 and 2025, management used an estimated annual effective non-GAAP tax rate of 21.0%.
Veeva Systems zveřejnila hospodářské výsledky za 2. fiskální čtvrtletí 2027 za období končící 31. července 2026. Hlavní část hovoru s investory byla věnována dotazům a odpovědím.
Veeva Systems Inc. (VEEV) Q2 2027 Earnings Call August 26, 2026 5:00 PM EDT
Company Participants
Gunnar Hansen - Director of Investor Relations
Peter Gassner - Founder, CEO & Director
Brian Van Wagener - Chief Financial Officer
Paul Shawah - Executive Vice President of Strategy & Campaign Manager
Conference Call Participants
Joseph Vruwink - Robert W. Baird & Co. Incorporated, Research Division
Brian Peterson - Raymond James & Associates, Inc., Research Division
Hoi-Fung Wong - Oppenheimer & Co. Inc., Research Division
Ryan Powderly-Gross - Barclays Bank PLC, Research Division
Alexei Gogolev - JPMorgan Chase & Co, Research Division
David Windley - Jefferies LLC, Research Division
Rishi Jaluria - RBC Capital Markets, Research Division
Tyler Radke - Citigroup Inc., Research Division
Jailendra Singh - Truist Securities, Inc., Research Division
Craig Hettenbach - Morgan Stanley, Research Division
Andrew DeGasperi - BNP Paribas, Research Division
Dylan Becker - William Blair & Company L.L.C., Research Division
Tamjid Md Moinuddin Chowdhury - Guggenheim Securities, LLC, Research Division
William Fitzsimmons - Piper Sandler & Co., Research Division
Ryan MacDonald - Needham & Company, LLC, Research Division
Scott Schoenhaus - KeyBanc Capital Markets Inc., Research Division
Presentation
Operator
Hello, everyone. Thank you for joining us, and welcome to the Veeva Systems Fiscal 2027 Second Quarter Results Conference Call. [Operator Instructions] I will now hand the conference over to Gunnar Hansen, Senior Director, Investor Relations. Gunnar, please go ahead.
Gunnar Hansen
Director of Investor Relations
Good afternoon, and welcome to Veeva's Fiscal 2027 Second Quarter Earnings Conference Call for the quarter ended July 31, 2026. As a reminder, we posted prepared remarks on Veeva's Investor Relations website just after 1:00 p.m. Pacific today. We hope you've had a chance to read them before the call. Today's call will be used primarily for Q&A. With me today for Q&A are Peter Gassner, our Chief Executive Officer; Paul Shawah, EVP, Strategy; and Brian Van Wagener, our Chief Financial Officer.
