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Analysts on Wall Street project that Old Republic International (ORI - Free Report) will announce quarterly earnings of $0.77 per share in its forthcoming report, representing a decline of 30.6% year over year. Revenues are projected to reach $2.49 billion, increasing 7.4% from the same quarter last year.

The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision 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.

Bearing this in mind, let's now explore the average estimates of specific Old Republic metrics that are commonly monitored and projected by Wall Street analysts.

Analysts forecast 'Operating Revenue- Specialty Insurance Segment- Net premiums earned' to reach $1.42 billion. The estimate indicates a change of +7.5% from the prior-year quarter.

Analysts expect 'Operating Revenue- Specialty Insurance Segment- Net investment income' to come in at $162.15 million. The estimate suggests a change of +4.9% year over year.

The consensus estimate for 'Operating Revenue- Specialty Insurance Segment- Other income' stands at $52.07 million. The estimate points to a change of +2.9% from the year-ago quarter.

The consensus among analysts is that 'Operating Revenue- Corporate & Other' will reach $9.18 million. The estimate indicates a change of -26.6% from the prior-year quarter.

It is projected by analysts that the 'Operating Revenue- Title Insurance Segment- Net investment income' will reach $18.74 million. The estimate points to a change of +6.5% from the year-ago quarter.

The average prediction of analysts places 'Operating Revenue- Specialty Insurance Segment' at $1.63 billion. The estimate indicates a change of +7.1% from the prior-year quarter.

Based on the collective assessment of analysts, 'Operating Revenue- Title Insurance Segment' should arrive at $852.52 million. The estimate suggests a change of +8.6% year over year.

The collective assessment of analysts points to an estimated 'Specialty Insurance Segment - Loss Ratio' of 65.7%. Compared to the present estimate, the company reported 63.5% in the same quarter last year.

The combined assessment of analysts suggests that 'Specialty Insurance Segment - Expense Ratio' will likely reach 32.3%. The estimate compares to the year-ago value of 31.3%.

Analysts predict that the 'Title Insurance Segment - Combined Ratio' will reach 97.1%. Compared to the current estimate, the company reported 96.4% in the same quarter of the previous year.

According to the collective judgment of analysts, 'Title Insurance Segment - Expense Ratio' should come in at 93.6%. Compared to the current estimate, the company reported 93.7% in the same quarter of the previous year.

Analysts' assessment points toward 'Specialty Insurance Segment - Combined Ratio' reaching 98.0%. Compared to the present estimate, the company reported 94.8% in the same quarter last year.

View all Key Company Metrics for Old Republic here>>>

Old Republic shares have witnessed a change of +0.1% in the past month, in contrast to the Zacks S&P 500 composite's +0.7% move. With a Zacks Rank #3 (Hold), ORI is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

SALT LAKE CITY and BURLINGTON, N.C., Oct. 20, 2026 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc. (NASDAQ: MYGN), a leader in molecular diagnostic testing and precision medicine, and Labcorp (NYSE: LH), a global leader in innovative and comprehensive laboratory services, today announce they have entered into a definitive agreement for Myriad to sell its Prenatal Health testing business, which includes the Prequel®, Foresight®, SneakPeek®, and FirstGene® tests, to Labcorp for $210 million in cash, plus the value of the inventory of the Prenatal Health testing business at closing.

“This announcement is the direct outcome of our disciplined strategic review process, which is focused on sharpening our portfolio, enhancing operational execution and driving shareholder value,” said Sam Raha, President and CEO, Myriad Genetics. “This transaction is expected to be accretive to Myriad’s revenue growth and profitability, while meaningfully strengthening the balance sheet to support continued investment in our strategic priorities tied to the cancer care continuum and long-term value creation. Working closely with Labcorp, one of the nation’s largest laboratory service providers, we expect a smooth transition that preserves uninterrupted patient access to our prenatal tests.”

When complete, the transaction is expected to provide more patients and physicians with expanded access to Labcorp’s comprehensive, high-quality laboratory services, convenient patient service center network, robust data analytics and digital tools.

"This transaction supports Labcorp's specialty testing growth strategy," said Bryan Vaughn, Executive Vice President and President of Diagnostics, Labcorp. “Myriad Genetics has built a highly complementary reproductive genetics platform, supported by innovative screening solutions and deep scientific expertise. By combining these capabilities with Labcorp's operational strength and high-quality women's health portfolio, we aim to improve outcomes, expand access to advanced screening solutions and enhance the patient and provider experience.”

Labcorp expects the transaction to add approximately $160 million in revenue in year one, to be slightly accretive to adjusted earnings in year one, and to reach average diagnostics segment margins by end of year two, once fully integrated.

Over the last twelve months, Myriad’s Prenatal Health testing portfolio has been used by thousands of providers and over 600,000 patients. Myriad plans to provide further commentary regarding this transaction, and other related organizational changes, on its third quarter earnings call on November 4, 2026.

The deal is subject to regulatory clearance and customary closing conditions, and the transaction is expected to close by early 2027.

Guggenheim Securities, LLC is acting as exclusive financial advisor, and Covington & Burlington LLP is acting as legal advisor to Myriad Genetics.

Barclays is acting as financial advisor, and Polsinelli is acting as legal advisor to Labcorp.

About Myriad Genetics 
Myriad Genetics is a leading molecular diagnostic and precision medicine company committed to advancing health and well-being for all. Myriad Genetics develops and commercializes molecular tests that help patients and providers uncover genetic insights. Our tests assess the risk of developing disease or disease progression and guide treatment decisions across medical specialties where molecular insights can significantly improve patient care, support earlier detection, enable more precise treatment and contribute to lowering healthcare costs. For more information, visit myriad.com.

About Labcorp

Labcorp (NYSE: LH) is a global leader of innovative and comprehensive laboratory services that helps doctors, hospitals, pharmaceutical companies, researchers and patients make clear and confident decisions. We provide insights and advance science to improve health and improve lives through our unparalleled diagnostics and drug development laboratory capabilities. The company's nearly 71,000 employees serve clients in approximately 100 countries, provided support for more than 85% of the new drugs and therapeutic products approved by the FDA in 2025 and performed more than 750 million tests for patients around the world. Learn more at www.labcorp.com.

Myriad Genetics Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the sale of Myriad’s Prenatal Health testing business; the expected benefits of the transaction, including that it will be accretive to Myriad’s revenue growth and profitability, strengthen its balance sheet, and support investment in its strategic priorities; and the expectation that the transaction will close by early 2027. These “forward-looking statements” are management’s expectations of future events as of the date hereof and are subject to known and unknown risks and uncertainties that could cause actual results, conditions, and events to differ materially and adversely from those anticipated. Such factors include those risks described in the Myriad’s filings with the U.S. Securities and Exchange Commission, including Myriad’s Annual Report on Form 10-K filed on February 24, 2026, as well as any updates to those risk factors filed from time to time in Myriad’s Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. Myriad is not under any obligation, and it expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise except as required by law.

Labcorp Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements, including, but not limited to, statements with respect to the anticipated benefits of the transaction for providers and patients, its advancement of Labcorp’s strategic priorities, and the expected financial impact of the transaction, including expected post-closing revenues and margins, and the timing of achieving such financial results.

Each of the forward-looking statements is subject to change based on various important factors, many of which are beyond Labcorp's control. These factors, in some cases, have affected and in the future (together with other factors) could affect Labcorp's ability to implement its business strategy, and actual results could differ materially from those suggested by these forward-looking statements. As a result, readers are cautioned not to place undue reliance on any of the forward-looking statements. 

Labcorp has no obligation to provide any updates to these forward-looking statements even if its expectations change. All forward-looking statements are expressly qualified in their entirety by this cautionary statement. Further information on potential factors, risks and uncertainties that could affect operating and financial results is included in Labcorp's most recent Annual Report on Form 10-K under the heading RISK FACTORS and in subsequent quarterly reports on Form 10-Q and its other filings with the SEC. The information in this press release should be read in conjunction with a review of Labcorp's filings with the SEC including the information in its most recent Annual Report on Form 10-K under the heading "MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS". 

Myriad Contacts:   Investors:Matt Scalo (801) 584-3532 [email protected]  Media:Andria Rosell (385) 202-3510 [email protected]  Labcorp Contacts:   Investors:
Nickolo Russo [email protected]  Media:Racquel White [email protected]

In its upcoming report, Ryder (R - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $4.17 per share, reflecting an increase of 16.8% compared to the same period last year. Revenues are forecasted to be $3.4 billion, representing a year-over-year increase of 7.2%.

The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.

Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision 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.

With that in mind, let's delve into the average projections of some Ryder metrics that are commonly tracked and projected by analysts on Wall Street.

Analysts expect 'Operating Revenue- Fleet Management Solutions' to come in at $1.32 billion. The estimate points to a change of +2.8% from the year-ago quarter.

The average prediction of analysts places 'Operating Revenue- Dedicated Transportation Solutions' at $461.03 million. The estimate indicates a change of +0.7% from the prior-year quarter.

It is projected by analysts that the 'Operating Revenue- Supply Chain Solutions' will reach $1.11 billion. The estimate suggests a change of +7.2% year over year.

The collective assessment of analysts points to an estimated 'Revenues- Supply Chain Solutions (SCS)- Subcontracted transportation and fuel' of $388.56 million. The estimate indicates a change of +12.3% from the prior-year quarter.

According to the collective judgment of analysts, 'Revenues- Fleet Management Solutions' should come in at $1.58 billion. The estimate indicates a year-over-year change of +8.1%.

The consensus estimate for 'Revenues- Fleet Management Solutions- SelectCare and other' stands at $174.77 million. The estimate suggests a change of +5.9% year over year.

The combined assessment of analysts suggests that 'Revenues- Dedicated Transportation Solutions' will likely reach $609.87 million. The estimate indicates a year-over-year change of +7%.

The consensus among analysts is that 'Revenues- Fleet Management Solutions- Commercial rental' will reach $241.69 million. The estimate points to a change of -0.1% from the year-ago quarter.

Analysts' assessment points toward 'Revenues- Fleet Management Solutions- ChoiceLease' reaching $901.21 million. The estimate indicates a change of +3% from the prior-year quarter.

Analysts predict that the 'Revenues- Fleet Management Solutions- Fuel services' will reach $265.99 million. The estimate suggests a change of +45.4% year over year.

Analysts forecast 'Revenues- Supply Chain Solutions' to reach $1.50 billion. The estimate suggests a change of +8.5% year over year.

Based on the collective assessment of analysts, 'Commercial rental - Rental Utilization - Power Units' should arrive at 75.0%. Compared to the current estimate, the company reported 70.0% in the same quarter of the previous year.

View all Key Company Metrics for Ryder here>>>

Over the past month, shares of Ryder have returned -0.5% versus the Zacks S&P 500 composite's +0.7% change. Currently, R carries a Zacks Rank #2 (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 >>>> .

Valmont Industries (VMI - Free Report) came out with quarterly earnings of $6.24 per share, beating the Zacks Consensus Estimate of $5.7 per share. This compares to earnings of $4.98 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +9.47%. A quarter ago, it was expected that this infrastructure equipment maker would post earnings of $5.76 per share when it actually produced earnings of $6.14, delivering a surprise of +6.6%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Valmont, which belongs to the Zacks Steel - Pipe and Tube industry, posted revenues of $1.1 billion for the quarter ended September 2026, missing the Zacks Consensus Estimate by 1.15%. This compares to year-ago revenues of $1.05 billion. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Valmont shares have added about 12.4% since the beginning of the year versus the S&P 500's gain of 12.4%.

What's Next for Valmont?While Valmont has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Valmont 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 $5.67 on $1.11 billion in revenues for the coming quarter and $23.03 on $4.37 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, Steel - Pipe and Tube is currently in the top 41% 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 broader Zacks Industrial Products sector, SiteOne Landscape (SITE - Free Report) , is yet to report results for the quarter ended September 2026. The results are expected to be released on October 28.

This company is expected to post quarterly earnings of $1.50 per share in its upcoming report, which represents a year-over-year change of +14.5%. The consensus EPS estimate for the quarter has been revised 6.3% higher over the last 30 days to the current level.

SiteOne Landscape's revenues are expected to be $1.3 billion, up 2.9% from the year-ago quarter.

In its upcoming report, Graco Inc. (GGG - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.82 per share, reflecting an increase of 12.3% compared to the same period last year. Revenues are forecasted to be $589.82 million, representing a year-over-year increase of 8.6%.

The current level reflects an upward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.

While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.

With that in mind, let's delve into the average projections of some Graco metrics that are commonly tracked and projected by analysts on Wall Street.

The average prediction of analysts places 'Net sales- Expansion Markets' at $45.50 million. The estimate indicates a year-over-year change of +7.5%.

According to the collective judgment of analysts, 'Net Sales- Contractor' should come in at $281.25 million. The estimate suggests a change of +7.2% year over year.

The combined assessment of analysts suggests that 'Net Sales- Industrial' will likely reach $263.02 million. The estimate indicates a year-over-year change of +10.2%.

Analysts expect 'Operating earnings /(loss)- Industrial' to come in at $87.23 million. Compared to the present estimate, the company reported $80.73 million in the same quarter last year.

The consensus estimate for 'Operating earnings/(loss)- Expansion Markets' stands at $11.13 million. Compared to the present estimate, the company reported $10.39 million in the same quarter last year.

Analysts predict that the 'Operating earnings /(loss)- Contractor' will reach $74.13 million. Compared to the present estimate, the company reported $67.87 million in the same quarter last year.

View all Key Company Metrics for Graco here>>>

Shares of Graco have demonstrated returns of +5.4% over the past month compared to the Zacks S&P 500 composite's +0.7% change. With a Zacks Rank #2 (Buy), GGG is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Winnebago Industries, Inc. (NYSE:WGO) will release its fourth-quarter earnings report before the opening bell on Wednesday, Oct. 21.

Analysts expect the Eden Prairie, Minnesota-based company to report quarterly earnings of 47 cents per share, down from 71 cents per share in the year-ago period. The consensus estimate for WGO’s quarterly revenue is $660.25 million. It reported $777.3 million last year, according to Benzinga Pro.

On Sept. 28, Winnebago named Simone Silva as vice president, aftermarket and enterprise customer experience.

Winnebago shares dropped 5.5% to close at $22.67 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Citigroup analyst James Hardiman maintained a Neutral rating and cut the price target from $29 to $24 on Oct. 13, 2026. This analyst has an accuracy rate of 59%. Seaport Global analyst Gerrick Johnson initiated coverage on the stock with a Neutral rating on July 27, 2026. This analyst has an accuracy rate of 56%. Truist Securities analyst Patrick Scholes maintained a Buy rating and cut the price target from $43 to $35 on July 8, 2026. This analyst has an accuracy rate of 66%. Roth Capital analyst Scott Stember maintained a Neutral rating and slashed the price target from $38 to $32 on June 23, 2026. This analyst has an accuracy rate of 52%. DA Davidson analyst Griffin Bryan maintained a Neutral rating with a price target of $35 on June 15, 2026. This analyst has an accuracy rate of 67%. Considering buying WGO stock? Here’s what analysts think:

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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Papa John's To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Papa Johns between August 7, 2025 and August 5, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - October 20, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Papa John's International Inc. ("Papa Johns" or the "Company") (NASDAQ: PZZA) and reminds investors of the November 2, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that the true state of Papa Johns' transformation; notably, that it was "taking longer than expected," and ultimately was unable to prevent further market share losses. Papa Johns ultimately required a significant shift in strategy toward a sharp increase in promotional efforts to abate the Company's declining competitive position.

On August 6, 2026, Papa Johns announced an 8.3% decrease in North American comparable sales, the suspension of its dividend, and a sharp reduction in its 2026 outlook from a 3% decline in North American comparable sales at the midpoint to a 7% annual decline. The Company attributed its strategic shift and guidance reset on the soft consumer trends and the execution of Papa Johns' own turnaround efforts, admitting they were unable to "meet the consumer as much as [they] should have," and the rebuilt innovation pipeline was "not bringing in as many new customers" as had been expected.

On this news, the price of Papa Johns' common stock declined dramatically. From a closing market price of $29.75 per share on August 5, 2026, Papa Johns' stock price fell to $24.64 per share on August 6, 2026, a decline of about 17.18% in the span of just a single day.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Papa Johns' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about Papa John's International Inc. class action, go to www.faruqilaw.com/PZZA or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Frequently Asked Questions (FAQ) for Investors Regarding the Papa Johns Securities Class Action Lawsuit:

What is the Papa Johns securities fraud lawsuit about?

The lawsuit alleges Papa Johns misled investors about its transformation strategy, including delays in its turnaround, continued market share losses, and the need for increased promotions to address its declining competitive position.

Who may be eligible to participate in the lawsuit?

Investors who purchased or acquired Papa John's International (NASDAQ: PZZA) securities between August 7, 2025 and August 5, 2026 may be eligible if they suffered losses.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff represents the proposed class during the litigation. Eligible investors must file a motion with the court by November 2, 2026. Investors may participate without serving as lead plaintiff.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Papa Johns securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319771

Source: Faruqi & Faruqi LLP

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SAN JOSE, Calif., Oct. 20, 2026 (GLOBE NEWSWIRE) -- Synaptics Incorporated (Nasdaq: SYNA) today introduced the xMCU, a new class of microcontrollers that runs multimodal Edge AI, with the launch of the Synaptics Astra® SR200 Series. Unlike conventional MCUs constrained by limited on-chip memory and compute, the xMCU combines heterogeneous, AI-native compute and acceleration with integrated high-bandwidth custom DRAM scalable to hundreds of megabytes, enabling larger AI models and richer multimodal workloads to run entirely on-device. The Astra SR200 Series of xMCUs is designed for the next generation of AI wearables, battery-powered sensing devices, connected cameras, streamers, and industrial vision and voice systems.

AI is increasingly shifting out of the cloud and into resource-constrained Edge devices. At the same time, the most compelling new Edge applications are not simply smaller versions of cloud workloads. They are device-native experiences that combine modalities such as voice, vision, audio, motion, and contextual sensing, and must respond privately, in real time. The Astra SR200 Series of xMCUs was created for exactly these applications, which outgrow the memory of traditional MCUs but can’t afford the power and cost of applications processors.

The SR200 Series is powered by the Synaptics Torq™ AI engine, which brings a standards-based hardware architecture and unified developer experience featuring the Coral NPU™ from Google Research. It also comes with the industry’s first pairing of the Arm® Cortex®-M85 and Cortex®-M52. Together with integrated vision and audio capabilities and hardware-rooted security, the SR200 Series brings unmatched system design efficiency and cost benefits to Edge and Physical AI designs.

Setting a new standard for the industry, the Astra SR200 Series is engineered around the following core vectors: high-performance compute with extensible memory; transformer-ready AI acceleration; silicon-rooted security; multimodal integration; ultra-low-power architecture with tiered domains; and an open-source software ecosystem, offering developer choice and OEM design flexibility.

The Synaptics Astra® SR200 Series launches with three pin-compatible product lines, giving OEMs and developers a common hardware foundation and a shared SDK. The SR210 is designed to deliver 200 GOPS for power-optimized, always-on voice and sensing; the SR230 adds vision, display, and optional audio at 300 GOPS for mainstream multimodal devices; and the SR250 enables 400 GOPS with dual vision and display paths for premium, demanding edge applications. Developers can scale performance while preserving their software investment and system architecture.

In the SR200 Series of xMCUs, memory is the foundation, not an afterthought. A tiered architecture pairs up to 8MB of SRAM with extensible, high-bandwidth, high-capacity custom DRAM that scales to hundreds of megabytes as AI models and workloads grow. Built around latency, retention, and power demands of Edge AI, this architecture runs workloads at one-third the power of typical system DRAM, eliminating the need for costly external memory in most applications at a fraction of the system power.

At the heart of the family is the Synaptics Torq™ AI engine integrating the Coral NPU, optimized for low latency and high-efficiency execution of deep learning workloads, including CNN, transformer, and fully connected networks. Its open-source MLIR/IREE compiler supports industry-standard frameworks and model formats in place of proprietary vendor toolchains, extending Coral’s Edge AI heritage into ultra-low-power, always-on IoT.

A high-performance core, scaling to 800MHz, tackles control, multimedia, and burst-compute workloads, while an efficiency core handles always-on sensor fusion, connectivity, and low-power inference. An optional Cadence® Tensilica® HiFi 5 DSP adds dedicated audio and acoustic ML processing, while an always-on domain manages voice activity detection, timekeeping, and wake-up.

The SR200 Series integrates a multi-layered security engine that combines hardware isolation, cryptographic acceleration, anti-tamper detection, device lifecycle management, and secure boot. The implementation conforms to PSA Level 3 and CC EAL4+ certification targets, providing protection against software and physical attacks.

The platform provides a broad peripheral and connectivity set, including high-speed octal SPI, SDIO and eMMC storage interfaces, UART, SPI, I2C, I3C, PWM, USB 2.0 and extensive low-power GPIO. Industrial variants add 1Gb Ethernet with IEEE 1588 TSN support and two CAN-FD interfaces, supporting deterministic networking and real-time industrial control for Physical AI and Robotics applications.

Supporting Zephyr RTOS and the open-source Torq NPU compiler, the SR200 Series brings groundbreaking performance and power efficiency to define a new category of MCU experiences for Edge and Physical AI.

“The next wave of AI will be defined by devices that understand their environment and act locally, while meeting tight power, cost, and form-factor requirements,” said Vikram Gupta, SVP and GM, Edge Compute & Connectivity Division, Synaptics. “With the Astra SR200 Series, we’re introducing a new class, the xMCU, that brings applications-processor capability into the MCU domain, running multimodal AI workloads that traditionally required Linux and discrete DRAM. It gives customers a scalable foundation for everything from intelligent sensing to advanced Edge and Physical AI systems.”

“Open technologies and strong partnerships are key to making Edge AI more accessible,” said Yossi Matias, Vice President and Head of Google Research. “Our ongoing work with Synaptics combines the Coral platform with Astra’s scalable hardware and developer ecosystem to power next-generation, wearable-class devices. We share a vision of turning advanced research into reality through real-world products, empowering developers to create faster, more useful, and responsive experiences.”

Global Customers and Partners Trust Synaptics to Drive the Future of Edge AI and Physical AI

Chris Bergey, EVP, Edge AI Arm
“AI is quickly becoming the most important use case for Edge devices, with workloads increasingly spanning always-on sensing and inference through to more demanding voice, vision, and multi-media processing. By bringing Arm Cortex-M85 and Cortex-M52 together for the first time, Synaptics is demonstrating how the Arm compute platform gives partners the flexibility to balance performance and efficiency across a growing range of intelligent Edge devices.”

Kurt Preston, Chief Supply Chain Officer, Sonos
“Sonos’ products do more than play music; they connect every room, every source, every user, into one system, wirelessly. Astra’s scalable Edge compute, audio processing, and low power performance are the kind of capabilities that matter as we push what's possible in audio. Delivering that requires partnership across every level of the organization, from joint development to production that scales with us.”

Cristina Rivas, Chief Technology Officer, Verisure
“The future of home security is devices that understand, not just detect, with privacy at the heart of the design. Synaptics' Astra portfolio of processors lets us run our own vision, voice, and audio AI models on the device itself, with the low-power capabilities our products demand. Combined with our professional monitoring teams, this helps provide faster, more responsive intervention and protection for the customers we serve, delivering a truly AI-enhanced human service. We value Synaptics as a technology partner in making that possible.”

Lerdah Wang, CEO, Jorjin Technologies
“Next-generation AR wearables, including industrial smart glasses, demand real-time perception, contextual understanding, and seamless user interaction at the Edge. By leveraging the integrated vision and audio architecture, extensible DRAM support, and high-efficiency Torq™ NPU of the Synaptics Astra® SR200 Series, we can execute complex scene understanding, low-latency overlay rendering, and continuous voice processing on a single, highly integrated SoC. As the CEO at Jorjin, I see a transformative opportunity to merge Synaptics’ industry-changing SR200 platform with Jorjin’s cutting-edge AI solutions to accelerate the commercialization of the next-generation products.”

Enco Liew, VP, Value Line Business Center, Accton Technology Corporation
“Synaptics has been a valued engineering partner as we explore the Astra® processor family, bringing strong expertise in both AI software and hardware capabilities. The Astra SR200 Series introduces an exciting approach to MCU design, with potential applications in AI-driven automation, intelligent edge devices, and industrial IoT. We look forward to exploring how this technology could enable new possibilities across our future product portfolio.”

About Synaptics Incorporated
Synaptics (Nasdaq:

SYNA) is driving innovation in AI at the Edge, bringing AI closer to end users and transforming how we engage with intelligent connected devices, whether at home, at work, or on the move. As a go-to partner for forward-thinking product innovators, Synaptics powers the future with its cutting-edge Synaptics Astra® AI-Native embedded compute, wireless connectivity, and multimodal sensing solutions. We’re making the digital experience smarter, faster, more intuitive, secure, and seamless. From touch, display, and biometrics to AI-driven wireless connectivity, video, vision, audio, speech, and security processing, Synaptics is the force behind the next generation of technology enhancing how we live, work, and play. Follow Synaptics on LinkedIn, Facebook, Instagram, and YouTube, or visit www.synaptics.com.

FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include references to the capabilities, benefits, and market potential of the Astra SR200 Series, statements regarding AI market trends and device adoption, and expectations regarding customer deployments and product commercialization. These statements are subject to risks and uncertainties, including: technology development challenges and delays; actual product performance characteristics; competitive product introductions; manufacturing and supply chain constraints; customer and partner relationships; regulatory changes; adoption rates and demand for edge AI platforms, and macroeconomic conditions. Actual results may differ materially from those expressed or implied in this press release. For more information on risks, please refer to Synaptics' most recent Form 10-K and 10-Q filings with the SEC. Synaptics disclaims any obligation to update forward-looking statements except as required by law.

Media Contact
Neeta Shenoy
Synaptics
+1-408-425-2654
[email protected]

Synaptics and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries. All other marks are the property of their respective owners. 

Key Takeaways Informatica contributed $456M to Salesforce's Q2'27 revenues, including $440M in subscriptions.CRM's Agentforce and Data 360 recurring revenues, including Informatica Cloud, surged over 210% YoY to $3.9B.Data 360 ingested 104T records, up 355%, as Informatica opens opportunities for more AI-powered services. Salesforce, Inc. (CRM - Free Report) is strengthening its enterprise data business through Informatica, which could help the company expand its artificial intelligence (AI) offerings and generate additional revenues. The key question is whether this data advantage can support faster and more sustainable growth.

In the second quarter of fiscal 2027, Informatica contributed $456 million to Salesforce’s revenues, including $440 million from subscription and support services. Salesforce reported total quarterly revenues of $11.3 billion, up 11% year over year. Subscription and support revenues increased 12% to $10.8 billion, highlighting the strength of its recurring business.

Informatica’s importance extends beyond its immediate revenue contribution. Its cloud-based data management capabilities can help Salesforce organize information across different systems, giving AI agents access to more useful and reliable business data. This could improve the value of Agentforce and Data 360, encouraging existing customers to purchase additional services.

Salesforce’s data and AI business is already expanding rapidly. Combined Agentforce and Data 360 annual recurring revenues, including Informatica Cloud, reached nearly $3.9 billion in the second quarter, up more than 210% year over year. Data 360 ingested 104 trillion records during the quarter, up 355% year over year. These figures highlight rising demand for enterprise data and AI capabilities.

Informatica strengthens Salesforce’s data capabilities and creates opportunities to sell more AI-powered services. If Salesforce successfully connects its data assets with Agentforce, Informatica could become a key long-term growth driver rather than simply another source of acquired revenues. The Zacks Consensus Estimate for CRM’s fiscal 2027 revenues is pegged at $46.3 billion, indicating an 11.4% year-over-year increase.

Microsoft and Oracle Challenge Salesforce in Data ManagementMicrosoft Corporation (MSFT - Free Report) is a strong competitor through Azure, Microsoft Fabric and its enterprise data tools. In the fourth quarter of fiscal 2026, the company reported that Azure and other cloud services revenues increased 43% year over year.

Microsoft also had more than 40,000 paid Fabric customers at the end of the fourth quarter, up 60% year over year, highlighting rising demand for data analytics and AI tools. Its expanding data platform could challenge Salesforce as businesses seek better ways to organize information and power AI applications.

Oracle Corporation (ORCL - Free Report) is another major rival, with its database technology and cloud applications supporting enterprise data management. In the first quarter of fiscal 2027, the company’s Cloud Applications revenues reached $4.2 billion, up 10% year over year.

Oracle’s Multicloud AI Database business grew an impressive 353%, reflecting rising demand for AI-ready data platforms. Multicloud customers increased 180% year over year, and Oracle expanded its database reach to 70 multicloud regions and 119 availability zones.

Salesforce’s Informatica acquisition strengthens its data management capabilities, but sustained growth will depend on turning that advantage into wider AI adoption and higher customer spending.

Salesforce’s Price Performance, Valuation and EstimatesSalesforce shares have declined 8.4% year to date, while the Zacks Internet – Software industry has risen 3.7%.

Salesforce YTD Price Return Performance
Image Source: Zacks Investment Research

From a valuation standpoint, CRM trades at a forward price-to-earnings ratio of 15.04, significantly below the industry’s average of 28.97.

Salesforce Forward 12-Month P/E Ratio
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Salesforce’s fiscal 2027 earnings implies a year-over-year increase of approximately 33.5%, while estimates for fiscal 2028 indicate a 4.9% decline. Estimates for fiscal 2027 earnings have been revised upward in the past 30 days. Estimates for fiscal 2028 earnings have been revised upward over the past seven days.

Image Source: Zacks Investment Research

Salesforce currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Zurn Elkay Water Solutions Cor (NYSE:ZWS – Get Free Report) is expected to be announcing its Q3 2026 results after the market closes on Tuesday, October 27th. Analysts expect the company to post earnings of $0.4992 per share and revenue of $493.34 million for the quarter. Interested persons are encouraged to explore the company’s upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 8:30 AM ET.

Zurn Elkay Water Solutions Cor (NYSE:ZWS – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. The firm had revenue of $491.00 million during the quarter, compared to the consensus estimate of $483.04 million. Zurn Elkay Water Solutions Cor had a net margin of 15.45% and a return on equity of 18.01%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 EPS. On average, analysts expect Zurn Elkay Water Solutions Cor to post $1.83 EPS for the current fiscal year and $2.03 EPS for the next fiscal year.

Zurn Elkay Water Solutions Cor Price Performance
NYSE:ZWS opened at $47.16 on Tuesday. Zurn Elkay Water Solutions Cor has a 12-month low of $43.06 and a 12-month high of $55.00. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 1.71 and a beta of 1.07. The company’s 50-day moving average is $47.62 and its two-hundred day moving average is $48.44. The company has a current ratio of 3.05, a quick ratio of 2.13 and a debt-to-equity ratio of 0.30.

Zurn Elkay Water Solutions Cor Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Thursday, August 20th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, August 20th. Zurn Elkay Water Solutions Cor’s payout ratio is currently 27.16%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Zurn Elkay Water Solutions Cor from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Barclays boosted their price target on Zurn Elkay Water Solutions Cor from $59.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Royal Bank Of Canada reduced their price target on Zurn Elkay Water Solutions Cor from $58.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Zurn Elkay Water Solutions Cor in a research note on Friday, July 24th. Finally, Zacks Research upgraded Zurn Elkay Water Solutions Cor from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

Get Our Latest Report on ZWS

Insider Activity at Zurn Elkay Water Solutions Cor
In related news, Director Jacques Butler acquired 2,016 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were acquired at an average cost of $49.60 per share, for a total transaction of $99,993.60. Following the acquisition, the director directly owned 37,487 shares in the company, valued at approximately $1,859,355.20. The trade was a 5.68% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.40% of the stock is currently owned by corporate insiders.

Zurn Elkay Water Solutions Cor Company Profile
(Get Free Report)

Zurn Elkay Water Solutions Corporation (NYSE: ZWS) is a manufacturer of products and systems used to manage, conserve and protect water in commercial, institutional, industrial and residential buildings. The company provides plumbing and water-management solutions designed to support water distribution, drainage, safety, hygiene and efficiency.

Its product portfolio includes commercial faucets, flush valves, fixtures, drains, plumbing specialties, backflow-prevention devices, water coolers, bottle-filling stations, water filtration systems and related accessories.

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Biopharmaceutical company trial results are full of uncertainty; just ask Viking Therapeutics (VKTX +1.60%) investors, who have been on a bit of a roller-coaster ride with the company's key weight loss drug, VK2735, in its oral formulation. Still, the latest announcement of the initiation of two phase 3 trials creates a lot of promise for investors. Here's why.

Viking Therapeutics and VK2735 As a reminder, Viking already has the weight loss drug in two phase 3 trials in subcutaneous (injectable) form, namely for obesity (VANQUISH-1) and adults with type 2 diabetes who have obesity or are overweight (VANQUISH-2). It's also undergoing a smaller maintenance trial to test a combination of an initial subcutaneous VK2735 dose followed by an oral VK2735 maintenance dose, following a successful maintenance trial using subcutaneous VK2735 as the maintenance dose.

Image source: Getty Images.

The development of subcutaneous and oral formulations of VK2735 is part of Viking's dual-formulation strategy. That's why it recently announced the initiation of phase 3 trials for oral VK2735 for obesity (SUNRISE-1) and adults with type 2 diabetes with obesity or weight issues (SUNRISE-2)

Viking Therapeutics and oral VK2735 As with all oral medications, there are concerns about safety and tolerability. As such, investors were delighted with the exemplary tolerability data coming from the phase 1 oral VK2735 trial (MAD) in 2024. The 28-day MAD trial involved 37 treated patients, of whom "mild nausea was reported in five (14%) VK2735-treated subjects," with no vomiting, and only one reporting diarrhea. According to the press release, "no clinically meaningful differences were reported for GI-related adverse events among subjects treated with VK2735 compared with placebo."

While phase 1 trials tend to be small, tolerability is generally excellent. That's why investors were shocked by the safety and tolerability results from the phase 2 oral VK2735 (VENTURE-Oral) trial.

In common with MAD, the 13-week VENTURE-Oral showed good efficacy, but unfortunately, it had a 20% discontinuation rate due to adverse events among treated participants.  The result caused the stock to crash.

$25.45+$0.40 (+1.60%)

NASDAQ · As of 9:45 AM ET 10/20/26

Why investors have cause for optimism over the phase 3 oral VK2735 trials First, the phase 2 trial appeared to have a difficult cohort, with 13% of the placebo group also discontinuing due to an adverse event.

Second, the phase 2 trial used a relatively aggressive titration, with 13 weeks of daily oral dosing. The phase 3 trial will be over 68 weeks. In addition, as CEO Brian Lian disclosed during a Morgan Stanley conference, in phase 2, "we had dosed people with 4 tablets, and they were a little bit larger tablets. That wasn't a great experience for some people." Management is focused on reducing the tablet size and count for the phase 3 trial.

Third, management has lowered the maximum dosing in the phase 3 trial. Whereas phase 1 had dosing from 2.5 mg to 40 mg, phase 2 was more aggressive, going from 15 mg to 120 mg, and phase 3 is designed to dose at 27.5 mg, 35 mg, and 55 mg doses.

All told, the combination of a potentially easier trial cohort, longer, less aggressive titration (treated patients have more time to adjust), and less aggressive dosing may well yield a more favorable phase 3 outcome.

-

New autonomous vacuum expands Tennant's robotics portfolio with a practical, easy-to-use solution for everyday commercial cleaning

MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (NYSE: TNC), a world leader in designing, manufacturing, and marketing solutions to reinvent how the world cleans, today announced the launch of the P1 VAC, the company's first autonomous robotic vacuum. Designed to make robotic cleaning approachable and practical for everyday commercial environments, the P1 VAC combines autonomous vacuuming and dust mopping with a side brush that sweeps debris from walls and edges into the machine's cleaning path. The compact platform helps facilities maintain consistent cleaning standards, increase productivity, and make better use of existing labor resources.

The introduction of the P1 VAC expands Tennant's growing autonomous cleaning portfolio and underscores the company's continued investment in robotics innovation through Tennant Company Robotics. As organizations face ongoing labor challenges and increasing expectations around facility cleanliness, the P1 VAC provides a simple and accessible way to automate routine floor cleaning tasks while enabling staff to focus on higher-value responsibilities. As Tennant's first autonomous soft-floor cleaner, the P1 VAC expands its robotics portfolio beyond hard-floor solutions into a new growth category, advancing Tennant's plan to introduce 10 new products within 24 months to build a $250 million robotics equipment business by 2028. Together, these investments advance Tennant's strategy to lead the industry transformation to autonomous cleaning equipment.

The P1 VAC is the first model in Tennant’s new P-Series, a family of autonomous cleaning robots that complements Tennant’s existing portfolio by addressing more customer applications and price points to maximize market coverage. P-Series machines combine reliable cleaning performance, intuitive operation, and Tennant-backed support to help organizations adopt robotic cleaning quickly and confidently. The series is designed both for customers introducing robotics into their cleaning operations and for organizations seeking to expand automation across more applications within their facilities.

"The P1 VAC was developed with a straightforward goal: make autonomous cleaning easier to adopt and easier to operate," said Pat Schottler, Tennant Company Senior Vice President, Robotics. "Customers are looking for practical solutions that help them maintain cleaning standards while making the most of available resources. The P1 VAC delivers dependable cleaning performance in a solution that is intuitive, productive, and backed by Tennant's expertise and support."

The P1 VAC autonomously performs routine vacuuming, sweeping, and dust mopping tasks, helping facilities maintain a consistent standard of cleanliness day after day. Intelligent navigation and sensing technologies enable the machine to safely operate in dynamic environments while delivering repeatable cleaning routes and reliable cleaning coverage.

"Before using the P1 VAC, routine vacuuming and dust mopping took a significant portion of our team's day, especially in high-use areas like our gymnasiums and hallways," said Brandon J., building and grounds director for the Cumberland School District in Wisconsin, which served as a product testing partner for the P1 VAC. "Now we can automate those routine cleaning tasks and spend more time focusing on maintenance projects and other priorities throughout the district. The flexibility it gives our team has been one of the biggest benefits."

Key benefits of the P1 VAC include:

More Time for People
Automates routine floor cleaning so staff can focus on guest services, occupant support, sanitation, and other responsibilities where people add the most value. Consistency You Can See
Repeatable cleaning routes and intelligent cleaning technologies help deliver reliable cleaning results across operators, shifts, and locations. More Cleaning. Less Intervention
Autonomous operation, opportunity charging, rapid recharge capability, and a dual-compartment 10-liter debris collection system help maximize productive cleaning time. Robotics Designed for Everyday Teams
Intuitive controls, streamlined maintenance procedures, flexible cleaning options, and mobile app management make robotic cleaning easier to adopt and operate. The robot's compact footprint allows it to clean areas that can be difficult for larger autonomous equipment to access, while edge-cleaning capabilities help maintain cleanliness along walls, corners, and baseboards. Facilities can schedule routes, monitor cleaning progress, and manage operations remotely, helping reduce the need for ongoing supervision while improving overall cleaning consistency.

The P1 VAC is now available to order. For more information about the P1 VAC and Tennant’s full robotic cleaning portfolio, click here.

About Tennant Company

Founded in 1870, Tennant Company (TNC), headquartered in Eden Prairie, Minnesota, is a world leader in the design, manufacture and marketing of solutions that help create a cleaner, safer and healthier world. Its products include equipment for maintaining surfaces in industrial, commercial and outdoor environments; detergent-free and other sustainable cleaning technologies; and cleaning tools and supplies. Tennant's global field service network is the most extensive in the industry. Tennant Company had sales of $1.20 billion in 2025 and has approximately 4,500 employees. Tennant has manufacturing operations throughout the world and sells products directly in more than 25 countries and through distributors in more than 100 countries. For more information, visit www.tennantco.com and www.ipcworldwide.com. The Tennant Company logo and other trademarks designated with the symbol “®” are trademarks of Tennant Company registered in the United States and/or other countries.

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Just weeks before the next round of earnings from many of the leading pure-play companies, the quantum computing industry seems to be focused on error correction. Quantinuum Inc. NASDAQ: QNT recently announced that it broke the global error-correction record by 10x, reducing logical errors tenfold compared with its previous record, while Alphabet Inc. NASDAQ: GOOGL has demonstrated that its "magic state" technology can reduce errors by 40x on its Willow processor.

D-Wave Quantum Today

$11.64 -0.19 (-1.60%)

As of 09:41 AM Eastern

This is a fair market value price provided by Massive. Learn more.

$11.35▼

$37.62$36.27

Still, with these technological advances dominating headlines, it can be easy to overlook more material achievements across the industry.

Get D-Wave Quantum alerts:

That is exactly what has happened with D-Wave Quantum Inc. NASDAQ: QBTS, whose shares have fallen by nearly a third in the last month even as it has announced multiple promising operational updates.

The company has leaned into its R&D achievements in recent months—including a beta program for its gate-model simulator earlier in the fall—but what investors have really been seeking is proof that the company can grow its revenue and keep costs down.

Two recent updates—an expanding partnership with quantum foundry SkyWater Technology and the delivery of Italy's first-ever annealing quantum computing system—may help to give investors what they are looking for.

SkyWater Partnership Could Help Efficiency, Reduce CostsD-Wave has a long-standing partnership with SkyWater, the first domestic quantum foundry and now an IonQ subsidiary, but expanded its collaboration as of mid-October 2026 via a new multi-year agreement. Because the foundry has already supported D-Wave's development of its Advantage2 processors in recent years, as well as numerous other projects over the last decade, it has close knowledge of D-Wave's products and manufacturing needs.

This could be key to helping the quantum firm keep its costs down, and a newly efficient manufacturing process may be key. D-Wave claims that the optimized maintenance schedule implemented by SkyWater could reduce lot delays by up to 30%, with benefits for factory throughput.

D-Wave's costs are considerable: its adjusted EBITDA loss widened by 85% year over year (YOY) last quarter. A substantial portion of those costs is tied up in production, and if SkyWater can help make manufacturing more efficient—and, in turn, less expensive—it could go a long way toward improving D-Wave's bottom line. How long it may take for this impact to show up on D-Wave's earnings reports, however, remains to be seen.

A New Annealing Quantum System for Italy Reminds Investors of DemandD-Wave's recent gate-model quantum efforts, including its beta simulator, might suggest to investors that it is leaning heavily into this more traditional aspect of quantum technology while potentially losing focus on its other priority: annealing tech. With the delivery of a 4,400+-qubit Advantage2 system to Lombardy, Italy, however, the company reminds investors that it remains a leading annealing provider and that this technology still has real revenue potential.

Annealing may be better suited than other quantum technologies to optimization problems, and this latest delivery demonstrates continued interest among large institutional and organizational clients in this technology. By achieving critical physical infrastructure on the ground in Italy, D-Wave can further solidify its foothold in Europe.

D-Wave Quantum Stock Forecast Today12-Month Stock Price Forecast:
$36.27
206.57% Upside

Moderate Buy
Based on 16 Analyst Ratings

Current Price$11.83High Forecast$44.00Average Forecast$36.27Low Forecast$22.00D-Wave Quantum Stock Forecast Details

It's important to keep in mind what the Italian quantum installation does not mean, however: a diversified revenue stream or one that is likely to generate recurring revenue at the rate that many investors are hoping for. D-Wave’s reliance on one-off sales of major systems like this has made its revenue lumpy in the past, increasing the risk of disappointing earnings reports and making it harder to convince investors that it deserves higher analyst ratings.

In this way, the Italy deployment is perhaps not the game-changer that D-Wave needs in order to keep pace with some of its rivals. Still, fulfilling a major agreement is notable nonetheless, even if it may not be enough to establish a more consistent, long-term revenue stream.

Meanwhile, D-Wave shares are now down around 55% year to date (YTD). While the broader quantum computing sector has faced a sell-off in 2026, QBTS stock has experienced one of the steepest declines. Analyst price targets suggest the share price could triple, but investors may be waiting for a stronger catalyst than either of the two announcements above before buying again. Investors particularly bullish on D-Wave, however, may find that the current scenario—with a depressed share price and some recent operational successes just a few weeks out from the next expected earnings report—provides an attractive time to buy the dip. Even so, neither announcement necessarily points to an immediate rebound in the share price.

Should You Invest $1,000 in D-Wave Quantum Right Now?Before you consider D-Wave Quantum, 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 D-Wave Quantum wasn't on the list.

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Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead. This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.

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Multi-Year Agreement Extends Merchant Cybersecurity Protection Across North America and EMEA

, /PRNewswire/ -- VikingCloud, a cybersecurity and compliance company utilized by more than four million businesses worldwide, today announced a multi-year agreement with Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, to help businesses strengthen their cybersecurity defenses and simplify PCI compliance.

Beginning in early 2027, Fiserv will offer VikingCloud Cyber Risk Defense, an award-winning solution designed to help businesses identify, understand, and reduce cybersecurity risk through continuous monitoring and actionable guidance. 

"Business owners shouldn't have to become cybersecurity experts to protect what they've built," said Mark Brady, Chief Executive Officer at VikingCloud. "They've told us what they need: protection that works in the background, plain-language guidance on what to fix first, and peace of mind if something goes wrong. Together with Fiserv, we're giving merchants cybersecurity that simply works, so they can get back to running their business."

Cyber Risk Defense, named Best Security Compliance Solution at the 2026 teissAwards, helps protect merchants against common attacks, including phishing, ransomware, and business impersonation. The solution features a Security Score that combines VikingCloud's patented risk scoring with Mastercard's cyber risk intelligence, giving merchants a simple A-to-F grade that turns complex risk into something any owner can understand.

Every enrolled merchant gets measurable value from day one, including built-in cyber insurance. Merchants who choose to take a few simple steps unlock even more protection. The solution's modular architecture also provides flexibility for larger commercial and mid-market organizations seeking more advanced cybersecurity capabilities.

"For small and mid-sized businesses, staying secure is now part of staying in business," said Lia Cao, Chief Revenue Officer, Enterprise and Platforms, Fiserv. "By expanding our relationship with VikingCloud, we're helping merchants take a more proactive approach to cybersecurity with solutions that are simple to adopt, easy to understand, and designed to deliver continuous protection."

For more information on VikingCloud Cyber Risk Defense, visit https://www.vikingcloud.com/compliance-risk/cyber-risk-defense.

About VikingCloud

VikingCloud delivers cybersecurity and compliance solutions that simply work. Our expert-led approach combines proven technology and AI-driven insights with dedicated support, keeping businesses secure, audit-ready, and uninterrupted. VikingCloud is trusted by over 4 million business locations in 70+ countries to stop threats before they stop business, so they can work on what matters most. For more information, visit www.vikingcloud.com.

SOURCE VikingCloud

, /PRNewswire/ -- Beretta Holding S.A. ("Beretta Holding") announced today the final results of its cash tender offer to purchase up to 2,400,184 of the outstanding shares of common stock, par value $1.00 per share (the "Shares"), of Sturm, Ruger & Company, Inc. (NYSE: RGR) ("Ruger") at a price of $44.80 per share (the "Tender Offer"), which expired at one minute following 11:59 p.m., New York City time, on Thursday, October 15, 2026. 

Based on the final count by the depositary for the Tender Offer, a total of 6,094,325 Shares were validly tendered and not properly withdrawn.

The Tender Offer was oversubscribed. As a result, Beretta Holding has accepted for purchase 2,400,184 Shares at the purchase price of $44.80 per Share on a pro rata basis. The proration factor for the Tender Offer was approximately 39.4%. After giving effect to the Tender Offer, Beretta Holding will beneficially own approximately 25.0% of Ruger's outstanding Shares (based on the number of Shares outstanding as of September 17, 2026).

The depositary will promptly pay for the Shares accepted for purchase and will return all other Shares tendered and not purchased.

Saratoga Proxy Consulting LLC is the Information Agent for the Tender Offer, and any questions or requests for assistance with respect to the Tender Offer may be directed to Saratoga Proxy Consulting LLC.

Forward-Looking Statements

This press release may contain certain "forward-looking statements," many of which are beyond our ability to control or predict. Forward-looking statements may be identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will," or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of Beretta Holding. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors. These statements are subject to risks and uncertainties that could cause actual results and events to differ materially from those anticipated, including, but not limited to, those risks and uncertainties discussed in the Tender Offer documents filed by Beretta Holding and the Solicitation/Recommendation Statement filed by Ruger. All forward-looking statements in this press release are qualified in their entirety by this cautionary statement.

SOURCE Beretta Holding S.A.

Space Exploration Technologies (SPCX +1.32%) stock has made a major comeback after it fell earlier this year. The newly public company is up 35% from its August low as investor confidence grows. Is now the right time to buy?

Why SpaceX stock is soaring SpaceX has been popular from the get-go. Actually, it gained popularity way before it went public, and fans found ways to invest in it even while it was private. The bigger question is why it fell in the first place. Even though it's up 35% since August, it's down almost 10% since its first-day closing price.

Image source: Getty Images.

It originally fell due to its high valuation, early investors pocketing quick gains, and general volatility following the largest initial public offering (IPO) ever. However, it started climbing back up after a winning earnings report for the second quarter. Total revenue increased 92% year over year, and net loss was cut almost in half.

There were also plenty of positive business updates. In the Starlink business, subscriptions doubled from last year to 12 million, and it has more than 11,000 satellites in orbit, up from 6,750 in February. The company plans to have 100,000 satellites covering every spot on Earth and to launch 1 million Starmind AI satellites, which it calls the miniature data centers it's developing for deployment in orbit.

It made major strides in the artificial intelligence (AI) business, xAI, where it sees its biggest opportunities. Revenue increased 247% year over year, and it signed important multiyear contracts with Alphabet and Anthropic.

Is now the time to buy? Let's be clear that it's not exactly cheap at the current price. Although its price-to-sales (P/S) ratio was as high as 116 at some points, it now trades at a multiple of 68. That's quite a difference, but it's still much higher than the average S&P 500 ratio of 3.8 and even higher than that of high-growth tech companies like Nvidia, Micron Technology, and Broadcom. Investors should stop and think about what they're paying that premium for.

SPCX Space Exploration Technologies$147.96+$1.93 (+1.32%)

NASDAQ · As of 4:00 PM ET 10/19/26

There is still a major upcoming lockup period that's ending in December, and SpaceX hasn't turned a profit yet. There are still reasons the price could go down in the short run, as well as other risks.

I don't mean to put a damper on SpaceX, which many investors are eager to get a part of. However, the price doesn't justify the risk right now.

In my opinion, it's not a great time to buy SpaceX stock. However, given its exciting business, I'd consider it at a different time when the price-to-value equation makes more sense.

Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Broadcom, Micron Technology, and Nvidia. The Motley Fool has a disclosure policy.

Twenty-one analysts are sitting on Hold ratings for Tesla ahead of earnings, and each one has a specific reason to stay skeptical. What it takes to flip them hinges on a single question Tesla has yet to answer convincingly.

Tesla (NASDAQ:TSLA | TSLA Price Prediction) reports third-quarter results after the close on October 21 (Tesla has not yet confirmed the date). Analysts are cautious going in. 21 Hold ratings outnumber the 15 Buy and 4 Strong Buy calls. Our 24/7 Wall St. price target for Tesla is $391.09 over the next 12 months.

24/7 Wall St. Price Target Summary Metric Value Current Price $354.72 24/7 Wall St. Price Target $391.09 Upside/Downside 10.25% Recommendation BUY Confidence Level 90% A 90% confidence reading counts as high conviction in our model. The target sits just below the consensus analyst target of $397.83, which means our view lines up with the Street.

What would move those 21 Holds is evidence that the heavy spending going on now will lead to profits on autonomy and energy.

Shares Down 21.12% in 2026 Heading Into Earnings Tesla has fallen 7.31% over the past week, 0.94% over the past month and 21.12% year to date. That leaves it roughly 28.9% below its 52-week high of $498.83 and about 19.3% above its low of $297.38. Musk’s reveal of a Roadster “flying” car drew headlines on Friday, but the stock still closed 2.13% lower that day.

In the second quarter, revenue of $28.24B rose 25.5% and beat estimates. EPS of $0.33 missed the $0.5367 estimate. Operating margin narrowed to 1.4%, and free cash flow came in at -$1.09B.

Why Bulls See $459 in Autonomy and Energy Full Self-Driving (FSD) has turned into a demand engine. Active subscriptions reached 1.48M, up 56%, and more than 55% of new North American deliveries came with FSD. Robotaxi has logged more than 380,000 miles of unsupervised driving with “zero major incidents,” and Musk said that “demand will outstrip our ability to service the demand.”

Energy storage deployments hit 13.5 GWh, Tesla ended Q2 with its “largest order backlog since 2023,” and Optimus production lines are going into Fremont. If those pieces come together, our bull case reaches $459.15.

Margin Compression Is What Keeps Analysts on Hold Operating expenses rose 47% to $4.35B. Management expects 2026 capex of more than $25 billion, with spending growing for two or three years. Automotive margin excluding credits slipped from 19.2% to 16.3%.

Some of that fall is one-off: Q1 included a $230 million warranty and tariff benefit, and without it margins were “approximately flat.” Energy margin also fell partly because of a $240 million warranty true-up. Our bear case is $354.06.

How Tesla Compares to Rivian and Lucid Rivian Automotive (NASDAQ:RIVN) competes directly with Tesla in U.S. EVs and is pursuing robotaxis through Uber Technologies (NYSE:UBER). Its gross margin is 2.7% and its operating margin is -66.5%, compared with Tesla’s 18.03% gross margin.

Lucid Group (NASDAQ:LCID) is also testing robotaxis with Uber. It posted Q2 free cash flow of -$1.48 billion and has a gross margin of -92.8%.

Company Price/Book Gross Margin Tesla 17.06 18.03% Rivian 3.93 2.7% Lucid 1.72 -92.8% Tesla’s premium makes sense given that it is the only one of the three that is profitable. Measured against these peers, a target near consensus looks reasonable.

Q3 Margins Decide Whether Hold Ratings Flip Our 24/7 Wall St. price target is $391.09, our model rates Tesla a buy, and confidence is 90%. What tips the scale is Tesla’s ability to raise revenue even while spending heavily.

I would turn more constructive if Q3 shows automotive margins holding steady and FSD subscriptions continuing to grow. I would turn more cautious if operating margin stays near 1% while capex rises. On balance, the model still sees upside from $354.

Tesla Price Prediction 2026-2030 Looking further out, here is where our model projects Tesla could trade, assuming current trends hold.

Year 24/7 Wall St. Price Target 2026 $391.09 2027 $417.33 2028 $445.34 2029 $475.22 2030 $507.11 These projections assume Tesla stays on its current strategic course. The results could land well above or below these figures depending on how Robotaxi scales and whether Optimus reaches commercial volume.

Contact [email protected] for any questions or corrections.

Alphabet grows like an AI startup yet trades closer to a sleepy ad business, and that gap between perception and reality raises a pointed question about which Magnificent 7 stock carries the most favorable risk-reward heading into a $175 billion…

I keep studying Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction), and every earnings report adds fresh support to the bull case. I see a company growing like an AI startup while carrying a strong balance sheet. The market still prices it closer to a mature ad business. It’s that mix of asymmetric AI upside and safety that looks to be the strongest among the Magnificent 7 stock grouping.

Why Alphabet’s AI Engine Keeps Getting Stronger
My thesis: Alphabet owns the distribution, builds its own models and TPU chips, and leases the whole stack to enterprises through Google Cloud. That vertical integration gives me AI upside from several directions at once, and Search and YouTube pay for the expansion.

The adoption data backs it up. The Gemini app reached 950 million monthly active users, and nearly 90% of the Fortune 100 use Gemini Enterprise. Google Cloud revenue hit $24.77 billion last quarter, up 82% year over year. Back in the first quarter, Cloud already reported a backlog above $460 billion.

Three Numbers Behind the Alphabet Bull Case
Growth comes first. Second-quarter revenue reached $119.80 billion, up 24.2%, for a 12th straight quarter of double-digit growth. Search was the franchise many expected AI to eat away, and it grew 17% to $63.27 billion. Operating income rose 30% to $40.77 billion, and operating margin expanded 2 points to 34%.

Valuation comes second. Alphabet trades at a P/E of 15 with a 6.55% earnings yield. I treat that headline multiple as generous, because a $99.03 billion unrealized gain on equity securities inflated recent net income. FY2025 had no such boost, and EPS still rose 32% to $10.81. Return on invested capital stands at 29.60%.

Safety and income come third. The balance sheet shows debt-to-equity at 0.143, net debt-to-EBITDA at 0.19, and interest coverage at 175.5x. The quarterly dividend rose from $0.20 in 2024 to $0.22, which works out to $0.88 a year going forward. The 0.50% yield is modest. Still, I value a growth engine that gives me a raise every year.

How Alphabet Stacks Up Against Microsoft and NVIDIA
Compare that with Microsoft (NASDAQ:MSFT) first. It trades at a P/E of 30, with debt-to-equity at 0.29 and interest coverage at 50.9x, both weaker than Alphabet’s. Azure grew 43%, which is strong, but it trails Google Cloud’s 82%.

NVIDIA (NASDAQ:NVDA) comes up next. It carries a P/E of 44 and a price-to-book of 33, against 4.86 for Alphabet. NVIDIA’s results depend on how much its customers spend on AI hardware, and its current outlook leaves out China data center compute revenue entirely. Alphabet designs its own TPUs and owns the end-user demand.

Real Risk I Refuse to Ignore
Spending is the threat. Alphabet guided 2026 capex to $175 billion to $185 billion. In the second quarter, capex of $44.92 billion topped operating cash flow of $39.07 billion, so free cash flow came in at -$5.86 billion. Long-term debt rose from $46.5 billion to $98.2 billion. The company also suspended buybacks, and a $49.6 billion equity raise diluted shareholders. If AI demand stalls, shareholders own a company sitting on expensive capacity. All of that capex also lands in the pockets of the power, cooling, and networking vendors behind the data centers, which we rounded up in a free report on seven AI infrastructure suppliers.

My thesis lasts because the demand keeps showing up as revenue. Over four quarters, Cloud growth went from 34% to 48% to 63% to 82%. FY2025 operating cash flow of $164.71 billion gives Alphabet room to absorb the expansion.

What Investors Should Watch Next
Alphabet just beat EPS estimates for the 11th straight quarter. Waymo passed 500,000 fully autonomous rides per week, and consumers hold 350 million paid subscriptions. Investors should watch whether Cloud growth and earnings consistency keep pace with the capex expansion while Alphabet pays a growing dividend.

Contact [email protected] for any questions or corrections.

New AI-powered platform combines aviation data with Boeing's aircraft insights to deliver fleet-wide intelligence and effective operational decisions
Built with Microsoft data and AI solutions and other technologies, Dataliner prioritizes security, data sovereignty and customer choice 
, /PRNewswire/ -- Boeing [NYSE: BA] today announced Dataliner, a new AI-powered data intelligence platform designed to help airlines unlock greater value from their aviation data. Dataliner transforms fragmented data into connected, fleet-wide intelligence that supports smarter maintenance and operational decisions.

Boeing's new AI-powered platform Dataliner combines aviation data with Boeing's aircraft insights to deliver fleet-wide intelligence and effective operational decisions. (Boeing photo)

Dataliner combines aviation data, AI and Boeing's deep aircraft and engineering expertise, enabling airlines to move beyond isolated data, transitioning from looking at data for each individual aircraft to gaining a more complete understanding of their fleets.

Built in partnership with Microsoft, leveraging Azure AI Foundry and Microsoft's data solutions, as well as other technologies, Dataliner allows airlines to keep data in their own environments while enriching it with Boeing and industry intelligence. Airlines maintain control over what they share and can access Boeing intelligence through applications, APIs, analytics and AI-enabled experiences.

"Airlines have more data available to them than ever before, but turning that data into meaningful action remains a challenge," said Lindsey Douglas, vice president, Cabin, Modifications, Maintenance and Digital Services, Boeing Global Services. "Dataliner is an important step in how Boeing is bringing its aircraft expertise and digital capabilities together to help customers anticipate maintenance needs, identify emerging risks and take timely action."

"By combining Boeing's OEM and aviation expertise with Microsoft's trusted data and AI technologies, Dataliner gives airlines a secure, scalable foundation to turn fragmented data into fleet-wide intelligence," said Chris Barry, President, U.S. Public Sector Industries, Microsoft.

Key Benefits

Fleet-wide intelligence: A more complete view of aircraft condition, maintenance history and operations to support better-informed decisions
Data security and governance: Built-in access controls, encryption and monitoring to help protect sensitive aviation data
Data sovereignty and control: Flexible, on-demand data sharing without requiring airlines to centralize their data on a single platform
Dataliner also provides a common intelligence foundation for Boeing's Digital Services portfolio. It supports the development of new Digital Services products, including Asset Lifecycle Planning and TechOps AI Agent, while creating opportunities to bring greater connectivity and intelligence to established solutions such as Airplane Health Management, Insight Accelerator and Maintenance Performance Toolbox, introducing a new era of aircraft intelligence.

A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.  

Contact:
Boeing Media Relations
[email protected]

SOURCE Boeing

NVIDIA just doubled its revenue yet the stock keeps sliding, and Wall Street still refuses to budge its price target. Something in that gap between the business and the share price tells a story worth understanding before the next earnings…

The 24/7 Wall St. price target for NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) is $263.54, and our model rates the stock a buy. Shares traded at $216.30 midday Thursday. That puts our target 21.84% above the current price. It is 19.09% above Wednesday’s $221.30 close, which was the price our model used. Confidence is high.

24/7 Wall St. Price Target Summary Metric Value Current Price $216.30 Price Target from 24/7 Wall St. $263.54 Upside 21.84% Recommendation BUY Confidence Level 90% The stock and the business are moving in opposite directions. NVIDIA just doubled its revenue, yet the shares fell 8.91% in a week. The consensus analyst target remains at $328.72. That gap frames the debate over where the stock goes next.

AI Fears Hit Chip Stocks While NVIDIA’s Revenue Doubled NVIDIA, Advanced Micro Devices (NASDAQ:AMD) and Micron Technology (NASDAQ:MU) fell as the AI stock sell-off deepened, and pressure on chip stocks carried into Thursday. Shares are still up 16.25% year to date and 2.53% over the past month.

They trade 11.12% below the $243.37 52-week high. Of CoreWeave (NASDAQ:CRWV), NVIDIA CEO Jensen Huang said Thursday CoreWeave doesn’t need a backstop, showing concerns about how customers are financed.

Second-quarter fiscal 2027 revenue came in at $96.22 billion, up 105.85% and beating the $92.07 billion estimate. EPS of $2.22 also exceeded the $2.0887 consensus. Data Center revenue rose 117% to $89.023 billion.

Why Bulls See $274 and Beyond Management guided third-quarter revenue to $108 billion. It expects growth of about 70% in fiscal 2028 and says supply is the limiting factor. Each gigawatt of Vera Rubin brings NVIDIA about $40 billion in revenue, compared with $25 billion for Blackwell.

The five largest hyperscalers are expected to spend about 1.3 trillion in 2027. “Now, compute is revenue,” Huang said. Wall Street largely agrees: 49 analysts rate the stock Buy and 10 rate it Strong Buy. The bull case is $274.61.

What Could Drag NVIDIA Toward $228 Supply commitments have grown to $279 billion, and guarantees to partners are capped at $108.5 billion. Customers are taking longer to pay: days sales outstanding rose to 60 days from 45. Guidance includes no China Data Center compute revenue. Gross margin should bottom at 71% to 72% in the fourth quarter.

The bulls have answers for some of this. Memory costs are behind the margin pressure, and price increases taking effect next year should lift margins back to 72% to 73%. The longer payment terms went to investment-grade buyers. Even the bear case of $228.73 remains above Wednesday’s close.

Is NVIDIA Cheaper Than AMD and Broadcom? AMD competes directly with NVIDIA in GPUs. It trades at 215x trailing earnings, compared with NVIDIA’s 45x. AMD’s latest quarterly revenue rose 50.1%, and its gross margin is 49.5%. NVIDIA’s gross margin is 71.07%.

Broadcom (NASDAQ:AVGO) designs custom AI chips that hyperscalers use as options to NVIDIA’s GPUs. Its AI semiconductor revenue rose 221% to $16.7 billion. Broadcom’s total growth still trailed NVIDIA’s.

Company Latest Quarter Revenue Growth Market Cap NVIDIA 105.85% $5.23 trillion AMD 50.1% $894.06 billion Broadcom 85.5% $1.61 trillion NVIDIA is growing faster than both peers at a lower multiple than AMD. Next to these two, our 24/7 Wall St. price target looks conservative.

Why I Side With the Bulls at $216 The 24/7 Wall St. price target is $263.54, and our model rates NVIDIA a buy with 90% confidence. For me, the deciding factor is that demand still exceeds supply, and the expansion runs well beyond the GPU maker itself (we highlighted seven power, cooling, and networking names riding the same wave in a free AI infrastructure report).

Keep an eye on whether the November 17 earnings report confirms Vera Rubin is ramping on schedule. A cut to hyperscaler capex plans would weaken the case. On the numbers available today, the pullback has extended the gap to our price target.

This is the level our model projects NVIDIA could trade at if current growth and market conditions hold.

Year Price Target from 24/7 Wall St. 2026 $236.40 2027 $263.54 2028 $288.76 2029 $316.39 2030 $346.67 The projections rest on NVIDIA continuing to execute its current strategy. The results could land well above or below them depending on how long AI spending lasts and on export policy toward China.

Contact [email protected] for any questions or corrections.

JPMorgan just put its dollar-backed token on Ethereum's public blockchain, and Wall Street is watching to see whether one of the world's biggest banks can finally move the needle on ETH's battered price.

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JPMorgan Chase (NYSE:JPM | JPM Price Prediction) has officially moved its dollar-backed token, JPM Coin (JPMD), to the Ethereum (CRYPTO:ETH) blockchain. On October 19, 2026, Kinexys, the bank’s blockchain division, made JPM Coin available to select institutional clients on Ethereum’s mainnet, which is its primary public blockchain. This move brings JPM Coin to Ethereum, supplementing its previous version that was launched on Base, a more cost-effective layer-2 network developed by Coinbase Global (NASDAQ:COIN).

According to Kinexys, it has processed over $4 trillion in transactions since its inception, averaging about $7 billion each day. However, much of this transaction volume occurs on JPMorgan’s private Kinexys network, which operates separately from its public blockchain activities. The bank hasn’t disclosed how much of its total activity occurs on Ethereum or Base.

JPM Coin is essentially a deposit token, where each coin represents a U.S. dollar deposited in a client’s account at JPMorgan. This differs from a stablecoin, which is typically backed by a reserve pool managed by a non-bank entity.

Despite the launch, ETH did not see a price increase. ETH trades at $2,386, down 4.2% over the past week, 12.3% over the last two weeks, and 51.8% from its all-time high. So, does JPMorgan’s involvement with Ethereum provide ETH holders with a reason to be optimistic about future price increases?

JPMorgan Restricts JPM Coin to Approved Institutions

Importantly, only approved institutional clients can access JPM Coin. Retail investors are unable to buy or hold it, and all holders must have the bank’s approval. JPMorgan positions JPM Coin as a way for institutions to make payments around the clock, freeing up cash that would typically be tied up outside banking hours.

The bank chose the Ethereum network for its greater liquidity than other options and its existing institutional user base. Emma Landriault, the head of Kinexys Labs, highlighted this point, although her perspective comes from her role in promoting the product. JPMorgan aims to attract crypto companies looking for blockchain-based payments, as well as financial firms involved in trade settlements or tokenized assets.

While Kinexys represents a small portion of JPMorgan’s operations, the bank is massive, with $5 trillion in assets and revenue from consumer banking, commercial and investment banking, and asset and wealth management. In Q2 2026, JPMorgan’s payments revenue rose 12%, and net interest income rose 10%, though it has not reported specific revenue from JPM Coin.

The deposit-token structure also benefits JPMorgan; when clients hold JPM Coin, the dollars remain on the bank’s balance sheet as deposits. This allows the bank to continue lending those funds and earning interest, even as the cash moves to public blockchains.

How JPM Coin Affects ETH Demand for Transaction Fees

JPM Coin creates a direct link to ETH because every transaction on the Ethereum mainnet incurs a gas fee, which users pay in ETH. Increased institutional activity on Ethereum could modestly increase demand for ETH to cover these fees.

However, each JPM Coin corresponds to one dollar. Clients only need a minimal amount of ETH for transaction fees, and JPMorgan does not require clients to hold ETH as an investment. The bank has not set a volume target for its Ethereum transactions, nor has it disclosed how many clients are utilizing the token on the mainnet.

Base serves as a useful reference point. JPM Coin has been active there since November 2025, and Base fees are also paid in ETH. However, JPMorgan has not provided any usage statistics for Base, leaving it unclear how much demand there is for ETH in that context.

Stablecoins and ETF Outflows Limit the Lift for ETH

The competitive landscape further constrains JPM Coin’s potential. Existing non-bank stablecoins dominate the dollar token market on Ethereum, and JPMorgan and other major banks reportedly plan a shared tokenized deposit network that could challenge both stablecoins and crypto firms. Such a network could draw bank activity toward systems they directly control.

Market trends also do not indicate a positive outlook. ETH fell by 10.4% in October leading up to October 19. On October 18, it closed 5.9% below its 20-day average and 5.6% below its 50-day average, suggesting a downward trend.

Additionally, spot Ether ETFs experienced net outflows of $103 million on October 19, the day JPM Coin launched on Ethereum. This outflow indicates that investors pulled out more money than they added. Notably, BlackRock’s iShares Ethereum Trust (NASDAQ:ETHA) accounted for $95 million of that total.

Will JPM Coin on Ethereum Boost ETH’s Price? In our view, JPM Coin is unlikely to significantly increase ETH’s price in the near future. While JPMorgan benefits from 24/7 transaction capabilities, access to crypto-native firms, and deposits that remain on its balance sheet, ETH gains only a large bank’s endorsement and a minor stream of gas fees. Although Ethereum burns a portion of every fee, heavy use is required to meaningfully reduce ETH’s supply.

Contact [email protected] for any questions or corrections.

HPE just posted its worst week ever after a single analyst downgrade, yet its earnings are surging and its backlog hit a record high. The real question is whether the market sees a danger that the numbers are hiding.

Shares of Hewlett Packard Enterprise (NYSE:HPE | HPE Price Prediction) fell 20.56% in the week through October 19. It was its worst week ever, following an October 14 analyst downgrade that questioned HPE’s AI growth.

The drop hit a stock that already traded at a forward PE of roughly 12 to 15, while the broader market averages 30. Investors Dave Ahern and Stephen Morris recently debated whether that gap makes HPE an opportunity or a value trap.

Ahern asked: “Is that a lifetime opportunity, or does Wall Street know something that the rest of value investors maybe don’t know? Like, why is it so cheap?” The question is pressing because the results are strong.

Revenue in the fiscal third quarter rose 32.7% to $12.21 billion. Non-GAAP EPS of $1.11 beat the $0.93 consensus.

Morris rated HPE’s moat today as “next to non-existent,” and that view accounts for most of the discount.

A 12x Multiple Signals Doubt About Durability
A forward PE divides the share price by expected earnings. A low multiple therefore means investors doubt those estimates will hold, and the market is currently pricing in a fade in AI server demand.

The trailing P/E of 1300x is distorted by Juniper integration charges and a fiscal 2025 goodwill impairment. That is why the hosts focus on the forward number.

Analysts’ average fiscal 2027 EPS estimate is $4.7088, up from $4.0384 90 days ago. None of those analysts revised down in the past 30 days.

Management’s own fiscal 2027 framework calls for EPS of $4.40 to $4.60. That range leaves out the Helios AI rack opportunity.

Wall Street Turned Cautious After a Huge Run
Even after falling 8.05% over the past month, HPE is still up 135.22% year to date and 147.52% over the past year. Shares rose 1.29% on October 19 to $55.84. The post-downgrade rebound was small.

Although the market has embraced HPE this year, it remains unclear whether AI-driven earnings will last long enough to justify that price. Still, orders grew faster than revenue, and backlog hit a record while memory shortages held back shipments.

Servers Bring Growth Without Protection
Ahern’s long-term test sets the hype aside: “Forget the AI trade. What is a stock going to do 10 years from now?” AI server revenue fails that test because it is cyclical: orders shrink once data center buildouts slow, and nothing ties buyers to HPE.

Server revenue rose 35.3% to $6.77 billion on AI demand. Servers are a competitive, low-margin business, and customers switch suppliers over price, which is why the picks-and-shovels names behind the AI expansion (power, cooling, networking) often look more durable than the box makers; we rounded up seven of them in a free report here.

Management expects gross margin to return to historical levels as AI systems take up a larger share of sales. It guides Cloud and AI operating margin to about 13% in fiscal 2027.

Juniper Is HPE’s First Real Shot at a Moat
HPE closed its Juniper Networks acquisition and sold its remaining 19% stake in China-based H3C in May 2026. Together, those moves changed its business mix toward networking.

Networking gear is built into how a customer runs its operations, and it costs a lot to replace. The segment earned a 22% operating margin last quarter. With Juniper included, networking revenue jumped 74.9% to $2.89 billion, and orders rose 36%.

GreenLake lets customers pay for infrastructure as a service inside their own data centers, and it reached 52,000 customers, up 18%. Rising net retention would point to recurring revenue, while flat usage would suggest customers use it to finance hardware.

Discussing the chief executive’s vision, Morris said “the uncertainty around that statement is very high,” but added that if it “comes to fruition,” HPE “will be significantly untouchable.” Juniper likely moves HPE’s moat from absent to plausible, although the integration still has to prove it can hold customers.

What Could Close HPE’s Valuation Gap
HPE’s case looks strongest under Ahern’s 10-year test. The weekly drop and a forward multiple far below the market’s already price in heavy doubt.

Juniper savings are on track for a $600 million annual run rate by fiscal 2028. Meanwhile, a 1.07% dividend yield on a $74.1 billion company provides some income.

The thesis breaks if networking growth stalls after the integration, if GreenLake fails to become recurring revenue, or if AI server demand falls faster than networking can make up for it. Fiscal fourth-quarter results come next. Revenue is guided to $13.9 billion to $14.8 billion, and management has promised a fuller fiscal 2027 outlook.

Contact [email protected] for any questions or corrections.

Qualcomm (QCOM.O) will cut jobs globally in a "performance-focused reduction" following its annual employee reviews, CEO Cristiano Amon told staff in ​a memo on Monday reviewed by Reuters, with notifications set ‌to begin in November.

The cuts are part of an effort to build "a stronger performance culture" and address situations where the company "has consistently fallen short of expectations," Amon said.

The memo did ​not say how many jobs would be affected, and Reuters could ​not immediately determine the scale of the cuts.

Qualcomm did not ⁠immediately respond to a request for comment. It had about 52,000 employees globally ​as of September last year, most of them full-time. Its financial year typically ​ends in late September.

One of the world's biggest smartphone chipmakers, Qualcomm has been hit this year by a slump in consumer electronics sales as soaring memory prices weigh on ​demand in key markets.

Its shares have risen just 1.5% in 2026, compared with ​gains of more than 12% for the benchmark S&P 500 (.SPX) and nearly 60% for the ‌Philadelphia ⁠Semiconductor Index (.SOX).

In its latest earnings report in late July, Qualcomm forecast quarterly profit below estimates and said revenue from Apple products would decline faster than expected, while signaling that growth in data-center and other non-handset businesses would more ​than offset the lost ​revenue by fiscal ⁠2027.

The company expects the majority of its chip sales to come from businesses other than smartphones in fiscal 2027 ​as it expands into the fast-growing AI data-center market.

Amon said ​in the ⁠memo business priorities, organizational needs, skills and expertise would be considered in making the cuts.

"As we have expanded the business, so have the competencies and skills ⁠we require," ​he wrote. "We must have the right people ​in the right roles so they can perform at their best and the company can continue to ​succeed."

New research reveals how observability restores financial predictability as enterprises navigate rising telemetry costs and unpredictable AI bills

News Summary  

The global Splunk State of Observability 2026 report reveals agentic AI is creating unpredictable outcomes and costs, leaving observability practices to rein them in. Agent observability is increasingly important, with nearly 9 in 10 respondents saying monitoring AI is a priority, but over half still can't effectively measure agent quality. The AI cost crisis isn't just the size of the bill. It's about the surprise charges, with over half saying they cannot accurately control AI costs. Shared data across observability and security teams is essential to AI trust, with more than three quarters of respondents saying monitoring AI has increased their collaboration with security teams. , /PRNewswire/ -- Cisco (NASDAQ: CSCO) today released the Splunk State of Observability 2026: Restoring Predictability in the AI Era report, marking its sixth analysis of the observability industry. This year's research, which surveyed 2,050 ITOps and engineering respondents across 10 countries, exposes a significant disconnect: the urgency to deploy AI agents is rapidly outpacing the ability to monitor them.

With AI costs becoming more volatile, organizations are struggling to maintain both agent quality and fiscal predictability. This year's report highlights how observability is helping to restore stability and financial predictability of agentic AI systems, providing the governance to build trust with agents and ensure AI spend is tethered to business value.

In addition, with 83% of respondents saying they're concerned about the unintended consequences of AI agents, there's an urgent need for "agent observability," or the ability to monitor AI agents and put guardrails in place. This need is driving ITOps and engineering teams to collaborate more closely with security teams, as agents gain access to the entire tech stack.

"Most companies will soon have far more agents at work than people," said Jeetu Patel, President and Chief Product Officer at Cisco. "Managing agents at scale requires reimagining both security and observability. Have our agents been compromised? Are they doing their job well? In the world of agentic AI, these questions are inseparable, and they're moving at machine speed. This report shows that observability and security data are converging, and that teams need to collaborate more than ever. Common data platforms that help us detect and respond to issues in real-time are the key to deploying agents we can trust at scale."

"For today's enterprises, the excitement of AI is clashing with the reality of the bill," added Kamal Hathi, SVP and GM, Splunk at Cisco. "We believe observability is the essential bridge to restoring predictability and confidence to the agentic AI era. By providing the necessary guardrails and incorporating observability into an AI tokenomics framework, leaders can transform AI from an unpredictable expense into a measurable and strategic long-term business investment."

Agent observability emerges as a business priority and a gap
As organizations add AI agents into workflows like software development and customer experience, an incorrect agent action can evolve into a critical business failure. Unlike monitoring traditional applications, visibility into AI agent behavior requires a new class of behavioral metrics that are tied to business outcomes and agent decision-making. While many see the value of agent observability technology, respondents still struggle with how to execute or measure the tools effectively.

87% confirm monitoring AI is a priority for their organization; however 54% don't have clear business outcomes tied to it. 56% reveal they're unable to measure AI workload metrics like LLM response quality, a core metric to tracking the success of an AI agent. While 85% say it's important to have visibility into AI hallucinations, only 58% claim they're effective at doing so. AI is driving unpredictable costs
Observability is what makes AI spend visible, attributable, and controllable. When today's organizations run dozens of agents across multiple models, AI costs and usage can become convoluted. In addition, AI is exacerbating a data volume problem for many enterprises, making sifting through mountains of data almost impossible.

55% say they can't control AI costs, as AI use has become more complex with both consumption increasing and usage remaining hard to predict. 60% say unexpected billing spikes cause more operational strain than high baseline costs. 57% say their telemetry costs eclipsed the cost of the infrastructure being monitored, making financial predictability more critical than ever. 67% of respondents use a single observability platform, providing a unified view to pinpoint exactly where telemetry costs are coming from. The convergence of observability and security ensures AI trust  
As AI agents gain more access to operations in every layer of a business, monitoring them requires collaboration between ITOps, engineering, and security teams, breaking down walls that have historically kept them apart.   

81% say monitoring AI workloads has increased the collaboration between observability and security teams, and 73% can accurately trace performance issues to security root causes, up from 65% last year. More observability teams are troubleshooting (77%) with security teams, up from 62% in 2025. Data sharing between teams has climbed from 74% to 84%. The leader's edge: restoring predictability in the agentic era
In the research, an advanced group of organizations emerged as leaders who are achieving concrete business outcomes with their observability practices. These leaders follow three best practices:

Rely on AI agents to fix and prevent issues frequently. Leaders use agents to perform and execute key remediation tasks often.   Closely monitor the factors that keep AI in check. Leaders focus closely on monitoring model quality, cost, usage, security, and privacy. Connect signals to business impact. These advanced respondents agree that telemetry is a key factor in their planning process and helping to shape strategic decisions.   These leaders are seeing transformative results – they are far more likely to accurately attribute AI costs (91% of leaders vs. 69% of non-leaders), by pinpointing which agents, models, and workloads drive spend. They are also 2.4 times more likely than non-leaders to say the ROI of their observability platforms significantly exceeds expectations, and 54% say observability has yielded at least $5 million in annual business revenue (versus 28% of non-leaders). Leaders are realizing the benefits of observability and security teams working closely together – with 94% saying monitoring AI has increased collaboration with security teams (compared to 80% of non-leaders,) and 86% are more likely to accurately trace performance issues back to their security root causes (in contrast with 71% non-leaders).

Global highlights
This year's report showed the topics around prioritizing monitoring AI agents, unpredictable costs, and concern of agentic AI remained key themes of the 10 countries surveyed. Indian organizations stand out as advanced for their agent observability capabilities, with 51% calling their practice very effective at monitoring AI model quality, in contrast to 35% globally. The UK reflected both impressive adoption and concern of agentic AI, with 32% using AI agents all the time to diagnose root cause (vs. 20% globally), and 55% strongly worry about the unintended consequences of AI agents. Saudi Arabia stood out as more advanced and AI-forward, with 98% saying AI enabled them to focus more on innovation, well above the global average at 84%. Germany leads in data sensitivity, with 74% rating visibility into AI privacy as very important.

To learn more, explore the blogs and resources below:

Blog: State of Observability 2026 Reveals How Leaders Are Restoring Predictability to the Agentic Era Report: State of Observability 2026: Restoring Predictability to the Agentic Era Methodology
Oxford Economics researchers surveyed 2,050 ITOps and engineering professionals from practitioners to executives (including developers, SREs, systems engineers, infrastructure operations professionals, CTOs, and CIOs) from February through March 2026. Respondents resided in Australia, France, Germany, India, Japan, New Zealand, Singapore, Saudi Arabia, the United Kingdom, and the United States.

Respondents represented 16 industries: business services, construction and engineering, consumer packaged goods, education, financial services, government (federal/national, state, and local), healthcare, life sciences, manufacturing, technology, media, oil/gas, retail/wholesale, telecom, transportation/logistics, and utilities.

About Cisco
Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco.

Cisco and the Cisco logos are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word 'partner' does not imply a partnership relationship between Cisco and any other company.

SOURCE Cisco Systems, Inc.

Narrows 2026 Outlook for Adjusted EPS to $7.50 to $7.75 from $7.50 to $8.00

, /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, announced today its results for the third quarter ended September 30, 2026.

"Our third quarter performance demonstrates the strength of our market leading businesses and our teams' continued focus on serving customers and executing our strategic priorities," said Will Stengel, Chairman and Chief Executive Officer. "We also achieved important milestones in our separation process and remain on track to launch GPC and Motion as two independent, leading companies in the first quarter of 2027."

Third Quarter 2026 Results

Sales were $6.5 billion, a 4.2% increase compared to $6.3 billion in the same period of the prior year. The improvement is attributable to a 2.9% increase in comparable sales, a 0.9% benefit from acquisitions and a net 0.4% favorable impact of foreign currency and other.

Net income was $224 million, or $1.62 per diluted earnings per share. This compares to net income of $226 million, or $1.62 per diluted share in the prior year period.

Adjusted net income was $286 million, or $2.07 per diluted earnings per share. Adjusted net income excludes $61 million of after-tax adjustments, or $0.45 per diluted share, which relates to costs associated with the company's global restructuring initiative and the planned separation of the company's Automotive and Industrial businesses. This compares to adjusted net income of $276 million, or $1.98 per diluted share in the prior year period. Refer to the reconciliation of GAAP net income to adjusted net income and GAAP diluted net income per common share to adjusted diluted net income per common share for more information.

Third Quarter 2026 Segment Highlights

North America Automotive Parts Group ("North America Automotive")

North America Automotive sales were $2.5 billion, up 2.2% from the same period in 2025. The improvement is primarily attributable to a 1.7% increase in comparable sales and a 1.1% benefit from acquisitions.  This was partially offset by a 0.6% unfavorable impact of foreign currency and other. Segment EBITDA of $194 million decreased 2.9%, with segment EBITDA margin of 7.6%, down 40 basis points from the same period of the prior year.

International Automotive Parts Group ("International Automotive")

International Automotive sales were $1.6 billion, up 4.5% from the same period in 2025. The improvement is primarily attributable to a 1.7% benefit from acquisitions, a 1.7% favorable impact of foreign currency and a 1.1% increase in comparable sales. Segment EBITDA of $141 million increased 4.7%, with segment EBITDA margin of 9.0%, flat versus the same period of the prior year.

Industrial Parts Group ("Industrial")

Industrial sales were $2.4 billion, up 6.1% from the same period in 2025. The improvement is primarily attributable to a 5.5% increase in comparable sales, a 0.5% favorable impact of foreign currency and a 0.1% benefit from acquisitions. Segment EBITDA of $317 million increased 11.2%, with segment EBITDA margin of 13.2%, up 60 basis points from the same period of the prior year.

Year to Date 2026 Results

Sales for the nine months ended September 30, 2026 were $19.3 billion, up 5.6% from the same period in 2025. Net income for the nine months was $641 million, or $4.64 per diluted share. This compares to net income of $675 million, or $4.85 per diluted share in the prior year period. Adjusted net income was $827 million in the first nine months of 2026, compared to adjusted net income of $810 million in the prior year period. Adjusted diluted earnings per share were $5.99 compared to $5.82 in the prior year period.

Balance Sheet, Cash Flow and Capital Allocation

The company generated cash flow from operations of $817 million for the first nine months of 2026. Net cash used in investing activities was $361 million, including $314 million for capital expenditures and $69 million for acquisitions. Net cash used in financing activities was $139 million, including net proceeds of debt (including net commercial paper) of $338 million, partially offset by $434 million for quarterly dividends paid to shareholders. Free cash flow was $502 million for the first nine months of 2026. Refer to the reconciliation of GAAP net cash provided by operating activities to free cash flow for more information.

As of September 30, 2026, total liquidity was $2.4 billion, consisting of $763 million in cash, and $1.6 billion of available capacity under the company's $2.0 billion Revolving Credit Agreement. This reflects $389 million outstanding under our commercial paper program.

2026 Outlook

The company is narrowing the range for adjusted diluted earnings per share outlook from its previous full-year 2026 outlook provided in its earnings releases on February 17, 2026, April 21, 2026 and July 21, 2026. The company considered its recent business trends and financial results, current growth plans, strategic initiatives, global economic outlook, geopolitical conflicts and the potential impact on results in updating its outlook, which is outlined in the table below. The updated GAAP earnings-per-share outlook includes expected costs associated with the company's restructuring initiatives, and includes costs related to the planned separation that have been incurred year-to-date. 

For the Year Ending December 31, 2026

Previous Outlook

Updated Outlook

Total sales growth

3% to 5.5%

3% to 5.5%

North America Automotive sales growth

2.5% to 4.5%

2.5% to 4.5%

International Automotive sales growth

5% to 8%

5% to 8%

Industrial sales growth

3% to 6%

3% to 6%

Diluted earnings per share

$5.90 to $6.40

$5.60 to $5.85

Adjusted diluted earnings per share

$7.50 to $8.00

$7.50 to $7.75

Effective tax rate

Approx. 24%

Approx. 24%

Net cash provided by operating activities

$1.0 billion to $1.2 billion

$1.0 billion to $1.2 billion

Free cash flow

$550 million to $700 million

$550 million to $700 million

Non-GAAP Information

This release contains certain financial information not derived in accordance with United States ("U.S.") generally accepted accounting principles ("GAAP"). These items include adjusted net income, adjusted diluted net income per common share, adjusted selling, administrative, and other expenses, and free cash flow. The company believes that the presentation of adjusted net income, adjusted diluted net income per common share, adjusted selling, administrative and other expenses and free cash flow, when considered together with the corresponding GAAP financial measures and the reconciliations to those measures, provides meaningful supplemental information to both management and investors that is indicative of the company's core operations. The company considers these metrics useful to investors because they provide greater transparency into management's view and assessment of the company's ongoing operating performance by removing items management believes are not representative of the company's continuing operations and may distort the company's longer-term operating trends. The company believes these measures are useful and enhance the comparability of the results from period to period and with the company's competitors, as well as show ongoing results from operations distinct from items that are infrequent or not associated with the company's core operations. The company does not, nor does it suggest investors should, consider such non-GAAP financial measures as superior to, in isolation from, or as a substitute for, GAAP financial information. The company has included a reconciliation of this additional information to the most comparable GAAP measure following the financial statements below. The company does not provide a forward-looking outlook for certain financial measures on a GAAP basis because the company is unable to predict certain items contained in the GAAP measures without unreasonable efforts. These items may include separation costs, acquisition-related costs, litigation charges or settlements, impairment charges, restructuring costs and certain other unusual adjustments.

Comparable Sales

Comparable sales is a key metric that refers to period-over-period comparisons of the company's net sales excluding the impact of acquisitions, foreign currency and other. The company's calculation of comparable sales is computed using total business days for the period and is inclusive of sales from company-owned stores and sales into independent stores. The company considers this metric useful to investors because it provides greater transparency into management's view and assessment of the company's core ongoing operations. This is a metric that is widely used by analysts, investors and competitors; however the company's calculation of the metric may not be comparable to similar measures disclosed by other companies, because not all companies and analysts calculate this metric in the same manner.

Conference Call

Genuine Parts Company will hold a conference call today at 8:30 a.m. Eastern Time to discuss the results of the quarter. A supplemental earnings deck will also be available for reference. Interested parties may listen to the call and view the supplemental earnings deck on the company's investor relations website. The call is also available by dialing 800-836-8184. A replay of the call will be available on the company's website or toll-free at 888-660-6345, conference ID 26206#, two hours after the completion of the call.

About Genuine Parts Company

Established in 1928, Genuine Parts Company is a leading global service provider of automotive and industrial replacement parts and value-added solutions. Our Automotive Parts Group operates across North America, Europe and Australasia, while our Industrial Parts Group serves customers across North America and Australasia. We keep the world moving with a vast network of over 10,800 locations spanning 17 countries supported by more than 65,000 teammates. Learn more at genpt.com.

Forward-Looking Statements

Some statements in this release, as well as in other materials the company files with the Securities and Exchange Commission ("SEC"), release to the public, or make available on the company's website, constitute forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements in the future tense and all statements accompanied by words such as "expect," "likely," "outlook," "forecast," "preliminary," "would," "could," "should," "position," "will," "project," "intend," "plan," "on track," "anticipate," "to come," "may," "possible," "assume," or similar expressions are intended to identify such forward-looking statements. These forward-looking statements include the company's view of business and economic trends for the remainder of the year and the company's expectations regarding its ability to capitalize on these business and economic trends; the company's full-year 2026 outlook and the company's ability to successfully execute on its strategic priorities, including the company's anticipated separation of Global Automotive and Global Industrial into two independent, publicly traded companies. Senior officers may also make verbal statements to analysts, investors, the media and others that are forward-looking.

The company cautions you that all forward-looking statements involve risks and uncertainties, and while the company believes its expectations for the future are reasonable in view of currently available information, you are cautioned not to place undue reliance on the company's forward-looking statements. Actual results or events may differ materially from those indicated as a result of various important factors. Such factors may include, among other things, changes in general economic conditions, including persistent inflation (including the direct and indirect impact of tariffs and retaliatory tariffs) or deflation, geopolitical uncertainty and unrest (including from the conflict involving the United States and Iran) and declining consumer confidence; the company's ability to successfully implement the separation of Global Automotive and Global Industrial and achieve the anticipated benefits of such transaction; volatility in oil prices; significant costs, such as elevated fuel and freight expenses; the company's ability to maintain compliance with its debt covenants; its ability to successfully integrate acquired businesses into its operations and to realize the anticipated synergies and benefits; its ability to successfully implement its business initiatives in its three business segments; slowing demand for its products; the ability to maintain favorable supplier arrangements and relationships; changes in national and international legislation or government regulations or policies, including changes to global trade regulations, environmental and social policy, infrastructure programs and privacy legislation and related uncertainties, and their impact on the company, its suppliers and customers; changes in tax policies; volatile exchange rates; the company's ability to successfully attract and retain employees in the current labor market; uncertain credit markets and other macroeconomic conditions; competitive product, service and pricing pressures; failure or weakness in the company's disclosure controls and procedures and internal controls over financial reporting; the uncertainties and costs of litigation; public health emergencies, including the effects on the financial health of the company's business partners and customers, on supply chains and its suppliers, on vehicle miles driven as well as other metrics that affect the company's business, and on access to capital and liquidity provided by the financial and capital markets; disruptions caused by a failure or breach of the company's information systems; the success of its global restructuring efforts and the annualized cost savings arising therefrom, as well as other risks and uncertainties discussed in the company's Annual Report on Form 10-K and from time to time in its subsequent filings with the SEC.

Forward-looking statements speak only as of the date they are made, and the company undertakes no duty to update any forward-looking statements except as required by law. You are advised, however, to review any further disclosures the company makes on related subjects in subsequent Forms 10-K, 10-Q, 8-K and other reports filed with the SEC.

GENUINE PARTS COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)

Three Months Ended
September 30,

Nine Months Ended
September 30,

(in thousands, except per share data)

2026

2025

2026

2025

Net sales

$    6,521,308

$    6,260,232

$  19,323,199

$  18,290,726

Cost of goods sold

4,037,033

3,918,830

12,029,253

11,451,252

Gross profit

2,484,275

2,341,402

7,293,946

6,839,474

Operating expenses:

Selling, administrative and other expenses

1,944,518

1,805,928

5,718,856

5,286,802

Depreciation and amortization

137,490

127,475

403,234

365,928

Provision for doubtful accounts

9,238

6,871

27,339

20,351

Restructuring and other costs

64,545

66,835

193,426

167,317

Total operating expenses

2,155,791

2,007,109

6,342,855

5,840,398

Non-operating expense (income):

Interest expense, net

45,970

40,342

135,723

117,769

Other

3,866

2,258

(2,503)

(580)

Total non-operating expense

49,836

42,600

133,220

117,189

Income before income taxes

278,648

291,693

817,871

881,887

Income taxes

54,201

65,522

177,331

206,444

Net income

$      224,447

$      226,171

$      640,540

$     675,443

Dividends declared per common share

$        1.0625

$            1.03

$        3.1875

$           3.09

Basic earnings per share

$            1.63

$            1.63

$            4.65

$           4.86

Diluted earnings per share

$            1.62

$            1.62

$            4.64

$           4.85

Weighted average common shares
      outstanding

137,862

139,099

137,753

138,959

Dilutive effect of stock options and non-
     vested restricted stock awards

469

307

351

298

Weighted average common shares
     outstanding – assuming dilution

138,331

139,406

138,104

139,257

GENUINE PARTS COMPANY AND SUBSIDIARIES
SEGMENT INFORMATION
(UNAUDITED)

The following table presents net sales by segment and a reconciliation from segment EBITDA to net
income:

Three Months Ended
September 30,

Nine Months Ended
September 30,

(in thousands)

2026

2025

2026

2025

Net sales:

North America Automotive

$    2,540,319

$    2,484,591

$    7,440,587

$    7,193,749

International Automotive

1,572,392

1,505,197

4,746,020

4,373,208

Industrial

2,408,597

2,270,444

7,136,592

6,723,769

Segment EBITDA:

North America Automotive

193,860

199,626

558,393

543,121

International Automotive

141,394

135,078

436,230

415,082

Industrial

316,927

285,015

947,494

851,865

Corporate EBITDA (1)

(103,521)

(93,374)

(330,859)

(263,131)

Interest expense, net

(45,970)

(40,342)

(135,723)

(117,769)

Depreciation and amortization

(137,490)

(127,475)

(403,234)

(365,928)

Other unallocated costs

(86,552)

(66,835)

(254,430)

(181,352)

Income before income taxes

278,648

291,693

817,871

881,887

Income taxes

(54,201)

(65,522)

(177,331)

(206,444)

Net income

$       224,447

$       226,171

$      640,540

$      675,443

(1)

Corporate EBITDA consists of costs related to the company's Corporate headquarters' broad support to the company's business units and other costs that are managed centrally and not allocated to business segments. These include personnel and other costs for company-wide functions such as executive leadership, human resources, technology, cybersecurity, legal, corporate finance, internal audit, and risk management, as well as product liability costs and A/R Sales Agreement fees.

The following table presents a summary of the other unallocated costs:

Three Months Ended
September 30,

Nine Months Ended
September 30,

(in thousands)

2026

2025

2026

2025

Other unallocated costs:

Restructuring and other costs (2)

$       (64,545)

$       (66,835)

$    (193,426)

$     (167,317)

Separation costs (3)

(21,204)

—

(54,912)

—

Acquisition and integration related
      costs and other (4)

(803)

—

(6,092)

(14,035)

Total other unallocated costs

$       (86,552)

$       (66,835)

$    (254,430)

$     (181,352)

(2)

Amount reflects costs related to our global restructuring initiative which includes employee severance and other termination benefits, and the rationalization and optimization of certain distribution centers, stores and other facilities.

(3)

Amount primarily reflects legal and professional services and executive incentive plan costs related to the planned separation of the company's Global Automotive and Global Industrial businesses that was announced on February 17, 2026 and is targeted for completion in the first quarter of 2027.

(4)

Amount primarily reflects lease and other exit costs related to the integration of acquired independent automotive stores.

GENUINE PARTS COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(UNAUDITED)

(in thousands, except share and per share data)

September 30, 2026

December 31, 2025

Assets

Current assets:

Cash and cash equivalents

$               763,151

$              477,179

Trade accounts receivable, net

2,619,491

2,370,939

Merchandise inventories, net

6,435,802

6,071,996

Prepaid expenses and other current assets

1,632,361

1,644,620

Total current assets

11,450,805

10,564,734

Goodwill

3,206,231

3,188,815

Other intangible assets, net

1,743,938

1,855,714

Property, plant and equipment, net

2,161,387

2,172,140

Operating lease assets

2,062,454

2,084,487

Other assets

872,340

929,650

Total assets

$          21,497,155

$         20,795,540

Liabilities and equity

Current liabilities:

Trade accounts payable

$            6,394,876

$           6,051,882

Short-term borrowings

388,088

943,540

Current portion of long-term debt

250,000

353,788

Dividends payable

148,074

143,291

Other current liabilities

2,180,515

2,295,204

Total current liabilities

9,361,553

9,787,705

Long-term debt

4,472,149

3,498,423

Operating lease liabilities

1,713,902

1,739,478

Pension and other post–retirement benefit liabilities

218,787

219,270

Deferred tax liabilities

368,353

385,948

Other long-term liabilities

703,492

724,353

Equity:

Preferred stock, par value – $1 per share; authorized –
     10,000,000 shares; none issued

—

—

Common stock, par value – $1 per share; authorized –
     450,000,000 shares; issued and outstanding – 2026 –
     137,864,682 shares; 2025 – 137,617,832 shares

137,865

137,618

Additional paid-in capital

259,505

228,370

Accumulated other comprehensive loss

(518,474)

(511,766)

Retained earnings

4,770,080

4,568,769

Total parent equity

4,648,976

4,422,991

Noncontrolling interests in subsidiaries

9,943

17,372

Total equity

4,658,919

4,440,363

Total liabilities and equity

$          21,497,155

$          20,795,540

GENUINE PARTS COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)

Nine Months Ended
September 30,

(in thousands)

2026

2025

Operating activities:

Net income

$   640,540

$   675,443

Adjustments to reconcile net income to net cash provided by (used in)
      operating activities:

Depreciation and amortization

403,234

365,928

Share-based compensation

45,095

37,183

Other operating activities, including changes in operating assets and
      liabilities

(272,222)

(567,865)

Net cash provided by operating activities

816,647

510,689

Investing activities:

Purchases of property, plant and equipment

(314,476)

(350,443)

Proceeds from sale of property, plant and equipment

28,070

21,085

Acquisitions of businesses

(69,450)

(181,987)

Proceeds from divestitures of businesses

6,885

59

Other investing activities

(12,105)

23,335

Net cash used in investing activities

(361,076)

(487,951)

Financing activities:

Proceeds from debt

1,291,217

44,600

Payments on debt

(997,776)

(567,368)

Net proceeds of commercial paper

44,968

886,175

Shares issued from employee incentive plans

(13,713)

(16,316)

Dividends paid

(434,446)

(420,571)

Other financing activities

(29,283)

(20,237)

Net cash used in financing activities

(139,033)

(93,717)

Effect of exchange rate changes on cash and cash equivalents

(30,566)

22,347

Net increase (decrease) in cash and cash equivalents

285,972

(48,632)

Cash and cash equivalents at beginning of period

477,179

479,991

Cash and cash equivalents at end of period

$   763,151

$   431,359

GENUINE PARTS COMPANY AND SUBSIDIARIES
RECONCILIATION OF GAAP NET INCOME TO ADJUSTED NET INCOME AND GAAP
DILUTED NET INCOME PER COMMON SHARE TO ADJUSTED DILUTED NET INCOME PER
COMMON SHARE
(UNAUDITED)

The table below represents a reconciliation from GAAP net income to adjusted net income:

Three Months Ended
September 30,

Nine Months Ended
September 30,

(in thousands)

2026

2025

2026

2025

GAAP net income

$      224,447

$      226,171

$      640,540

$      675,443

Adjustments:

Restructuring and other costs (1)

64,545

66,835

193,426

167,317

Separation costs (2)

21,204

—

54,912

—

Acquisition and integration related
     costs and other (3)

803

—

6,092

14,035

Total adjustments

86,552

66,835

254,430

181,352

Tax impact of adjustments (4)

(25,053)

(17,411)

(68,239)

(46,340)

Adjusted net income

$      285,946

$      275,595

$      826,731

$      810,455

The table below represents amounts per common share assuming dilution:

Three Months Ended
September 30,

Nine Months Ended
September 30,

(in thousands, except per share data)

2026

2025

2026

2025

GAAP diluted net income per common
     share

$           1.62

$           1.62

$           4.64

$           4.85

Adjustments:

Restructuring and other costs (1)

0.47

0.48

1.40

1.20

Separation costs (2)

0.15

—

0.40

—

Acquisition and integration related
      costs and other (3)

0.01

—

0.04

0.10

Total adjustments

0.63

0.48

1.84

1.30

Tax impact of adjustments (4)

(0.18)

(0.12)

(0.49)

(0.33)

Adjusted diluted net income per
     common share

$           2.07

$           1.98

$           5.99

$           5.82

Weighted average common shares
     outstanding – assuming dilution

138,331

139,406

138,104

139,257

(1)

Amount reflects costs related to our global restructuring initiative which includes employee severance and other termination benefits, and the rationalization and optimization of certain distribution centers, stores and other facilities.

(2)

Amount primarily reflects legal and professional services and executive incentive plan costs related to the planned separation of our Global Automotive and Global Industrial businesses that was announced on February 17, 2026 and is targeted for completion in the first quarter of 2027.

(3)

Amount primarily reflects lease and other exit costs related to the integration of acquired independent automotive stores.

(4)

We determine the tax effect of non-GAAP adjustments by considering the tax laws and statutory income tax rates applicable in the tax jurisdictions of the underlying non-GAAP adjustments, including any related valuation allowances. For the three and nine months ended September 30, 2026, we applied the statutory income tax rates to the taxable portion of all of our adjustments, which resulted in a tax impact of $25 million and $68 million, respectively.

The table below clarifies where the items that have been adjusted above to improve comparability of the
financial information from period to period are presented in the condensed consolidated statements of
income.

Three Months Ended
September 30,

Nine Months Ended
September 30,

(in thousands)

2026

2025

2026

2025

Line item:

Cost of goods sold

$             803

$               —

$           6,092

$                —

Selling, administrative and other
     expenses

21,204

—

54,912

14,035

Restructuring and other costs

64,545

66,835

193,426

167,317

Total adjustments

$        86,552

$        66,835

$       254,430

$       181,352

GENUINE PARTS COMPANY AND SUBSIDIARIES
RECONCILIATION OF GAAP SELLING, ADMINISTRATIVE AND OTHER EXPENSES TO
ADJUSTED SELLING, ADMINISTRATIVE AND OTHER EXPENSES
(UNAUDITED)

The table below represents a reconciliation from GAAP selling, administrative and other expenses to
adjusted selling, administrative and other expenses:

Three Months Ended
September 30,

Nine Months Ended
September 30,

(in thousands)

2026

2025

2026

2025

GAAP selling, administrative and
     other expenses

$   1,944,518

$   1,805,928

$   5,718,856

$   5,286,802

Adjustments:

Separation costs

(21,204)

—

(54,912)

—

Acquisition and integration related
     costs and other

—

—

—

(14,035)

Total adjustments (1)

(21,204)

—

(54,912)

(14,035)

Adjusted selling, administrative and
     other expenses

$   1,923,314

$   1,805,928

$   5,663,944

$   5,272,767

Net sales

$   6,521,308

$   6,260,232

$ 19,323,199

$ 18,290,726

GAAP SG&A expenses as a
      percentage of net sales

29.8 %

28.8 %

29.6 %

28.9 %

Adjusted SG&A expenses as a
     percentage of net sales

29.5 %

28.8 %

29.3 %

28.8 %

(1)

Refer to the explanation of adjustments included within the reconciliation of GAAP net income to adjusted net income table for further information.

GENUINE PARTS COMPANY AND SUBSIDIARIES
CHANGE IN NET SALES SUMMARY
(UNAUDITED)

Three Months Ended September 30, 2026

Comparable
Sales

Acquisitions

Foreign
Currency

Other

GAAP Total
Net Sales

North America Automotive

1.7 %

1.1 %

(0.3) %

(0.3) %

2.2 %

International Automotive

1.1 %

1.7 %

1.7 %

— %

4.5 %

Industrial

5.5 %

0.1 %

0.5 %

— %

6.1 %

Total Net Sales

2.9 %

0.9 %

0.5 %

(0.1) %

4.2 %

Nine Months Ended September 30, 2026

Comparable
Sales

Acquisitions

Foreign
Currency

Other

GAAP Total
Net Sales

North America Automotive

2.2 %

1.3 %

0.1 %

(0.2) %

3.4 %

International Automotive

0.9 %

2.1 %

5.5 %

— %

8.5 %

Industrial

5.1 %

0.2 %

0.8 %

— %

6.1 %

Total Net Sales

2.9 %

1.1 %

1.7 %

(0.1) %

5.6 %

GENUINE PARTS COMPANY AND SUBSIDIARIES
RECONCILIATION OF GAAP NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW
(UNAUDITED)

Nine Months Ended September 30,

(in thousands)

2026

2025

Net cash provided by operating activities

$                   816,647

$                   510,689

Purchases of property, plant and equipment

(314,476)

(350,443)

Free cash flow

$                   502,171

$                   160,246

For the Year Ending December 31, 2026

Net cash provided by operating activities

$1.0 billion to $1.2 billion

Purchases of property, plant and equipment

$450 million to $500 million

Free cash flow

$550 million to $700 million

SOURCE Genuine Parts Company