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DALLAS--(BUSINESS WIRE)--Trinity Industries, Inc. (NYSE: TRN) (“Trinity”) announced today that it will report its financial results for the three and six months ended June 30, 2026 before the financial markets open on July 30, 2026.

Trinity will conduct a conference call shortly thereafter at 8:00 a.m. Eastern on July 30, 2026 to discuss its results. Investors may listen to the conference call via the following live and replay methods:

Webcast:

To listen to our earnings conference call via webcast, visit the Investor Relations section of the Company’s website at www.trin.net and access the Events and Presentations webpage.

A replay of the webcast will be available on the Company’s website for one year from the conference call date.

Teleconference:

The dial-in number for the live Conference Call is 1-888-317-6003; the participant entry number is: 7321941. Please call at least 10 minutes in advance to ensure proper connection.

An audio replay may be accessed by dialing 1-877-344-7529 - Replay Access Code: 7528453 until 11:59 p.m. Eastern on August 6, 2026.

Company Description

Trinity Industries, Inc., headquartered in Dallas, Texas, owns businesses that are leading providers of rail transportation products and services in North America. Our businesses market their railcar products and services under the trade name TrinityRail®. Our platform also includes the brands of RSI Logistics, a provider of software and logistics solutions, and Holden America, a supplier of railcar parts and components. Our platform provides railcar leasing and management services; railcar manufacturing; railcar maintenance and modifications; and other railcar logistics products and services. Trinity reports its financial results in two reportable business segments: (1) Railcar Leasing and Services Group, formerly the Railcar Leasing and Management Services Group, and (2) Rail Products Group. For more information, visit www.trin.net.

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, /PRNewswire/ -- Evolent Health, Inc. (NYSE: EVH), a company focused on achieving better health outcomes for people with complex conditions, today announced it will release its second quarter 2026 financial results on Thursday, August 6, 2026, before market open, with a conference call to follow at 8 a.m. ET.

Shareholders and interested participants may listen to a live broadcast of the conference call found on Evolent's investor relations website, https://ir.evolent.com.

Analysts interested in asking questions during the live call should dial 855.940.9467, or 412.317.6034 for international callers, and reference the "Evolent call" 15 minutes prior to the call.

An audio playback of the conference call will be available on Evolent's investor relations website for 90 days after the call.

About Evolent
Evolent specializes in better health outcomes for people with complex conditions through proven solutions that make health care simpler and more affordable. Evolent serves a national base of leading payers and providers and is consistently recognized as a top place to work in health care nationally. Learn more about how Evolent is changing the way health care is delivered by visiting https://ir.evolent.com.

Contacts: 
[email protected] 

SOURCE Evolent Health, Inc.

July 08, 2026 16:01 ET  | Source: FormFactor, Inc.

LIVERMORE, Calif., July 08, 2026 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) will report financial results for its 2026 fiscal second quarter on Wednesday, July 29th, 2026, at 1:25 p.m. Pacific Time. The public is invited to listen to a live webcast of FormFactor's conference call on the Investors section of the company's web site at www.formfactor.com.

To Listen via Telephone: Preregistration is required. Please preregister by clicking here.

Upon registering, you will be emailed a dial-in number, direct passcode and unique PIN.

A replay of the conference call will be available approximately two hours after the conclusion of the call. The replay will be available on the Investors section of our website www.formfactor.com.

About FormFactor:

FormFactor, Inc. (NASDAQ: FORM) is a leading provider of essential test and measurement technologies along the full IC life cycle – from characterization, modeling, reliability, and design de-bug to qualification and production test. Semiconductor companies rely upon FormFactor's products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company's website at www.formfactor.com.

Brookshire Manor will introduce four two-story floor plans from the mid $600s in Cherokee County, highlighted by a July 9 Agent Sneak Peek and model home debut

KEY TAKEAWAYS 

July Grand Opening rollout: Brookshire Manor launch in Canton, GA includes a July 9 agent sneak peek and ribbon cutting, followed by a public Grand Opening on July 11 New single-family opportunity in Cherokee County: The community brings estate-sized homesites to Canton's Union Hill area, approximately 40 miles north of Atlanta Four two-story floor plans: Ranging from 2,987 to 3,829 square feet, with 4 to 6 bedrooms and 3 to 5.5 bathrooms Pricing and included features: Homes start from the mid $600s and include quartz kitchen countertops, tile backsplash, stainless-steel appliances, a built-in wall oven/microwave, a gas cooktop and a vented hood Well-rated schools: Brookshire Manor is zoned for the Cherokee County School District, providing access to high-ranking schools like Creekview High School , /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—a top national homebuilder, industry leader in online home sales, and featured on America's Most Trustworthy Companies by Newsweek—announced the Company will host Grand Opening events in July for Brookshire Manor, a new single-family home community in Canton, Georgia. The celebration will include a VIP ribbon cutting and agent sneak peek on Thursday, July 9, from 11 a.m. to 1 p.m., held in conjunction with the Cherokee County Chamber of Commerce. A public Grand Opening celebration will follow on Saturday, July 11, featuring tours of the community's new Hazel model, along with complimentary food and savings opportunities.

Hazel Plan Exterior Rendering | New Homes in Canton, GA | Brookshire Manor by Century Communities

Birch Plan Exterior Rendering | New Homes in Canton, GA | Brookshire Manor by Century Communities

Brookshire Manor Aerial Site View | New Construction Homes in Canton, GA | Brookshire Manor by Century Communities Learn more and RSVP for the Grand Opening at www.CenturyCommunities.com/BrookshireManorGO.

"Brookshire Manor gives homebuyers a distinctive opportunity to own a spacious new home on an estate-sized homesite in the Union Hill area while staying connected to Cherokee County conveniences and the Atlanta market," said Division President Tom Bowers. "With our upcoming Grand Opening celebration, we're excited to introduce buyers and local agents to a community that pairs privacy, thoughtful design, and strong value from the mid $600s."

Located approximately 40 miles north of Atlanta, Brookshire Manor will offer four thoughtfully crafted two-story floor plans: the Birch at 2,987 square feet; the Guava at 3,201 square feet; the Sapling at 3,403 square feet; and the Hazel at 3,829 square feet. Homes offer 4 to 6 bedrooms, 3 to 5.5 bathrooms, and a standard two-car garage.

Homebuyers will find designer-selected finishes such as quartz kitchen countertops, tile backsplash, Kohler® water fixtures, and LG® stainless-steel appliances—including a built-in wall oven/microwave, a gas cooktop, and a vented hood.

BROOKSHIRE MANOR | CANTON, GA 

New single-family homes from the mid $600s Two-story floor plans on estate-sized homesites (limited opportunities) 2,987 to 3,829 square feet, 4 to 6 bedrooms, 3 to 5.5 bathrooms Located in the sought-after Union Hill area, approximately 40 miles north of Atlanta in Canton, offering privacy and a tree-lined setting near modern conveniences Minutes from retail and dining in Cherokee County Part of the highly rated Cherokee County School District, with assigned schools including Macedonia Elementary School, Creekland Middle School, and Creekview High School Community Location
1311 Curtis Road
Canton, GA 30115
678.451.1016

DISCOVER THE FREEDOM OF ONLINE HOMEBUYING:
Century Communities is proud to feature its industry-first online homebuying experience on all available homes in Georgia.

How it Works:

Shop homes at CenturyCommunities.com Click "Buy Now" on any available home Fill out a quick Buy Online form Electronically submit an initial earnest money deposit Electronically sign a purchase contract via DocuSign® Learn more about the Buy Online experience at www.CenturyCommunities.com/online-homebuying.

About Century Communities
Century Communities, Inc. (NYSE: CCS) is one of the nation's largest homebuilders and a recognized industry leader in online home sales. Newsweek has named the Company one of America's Most Trustworthy Companies for four consecutive years. Century Communities has also been designated as one of U.S. News & World Report's Best Companies to Work For (2025–2026). Through its Century Communities and Century Complete brands, Century's mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM®. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 16 states and over 45 markets across the U.S., and also offers mortgage, title, insurance brokerage, and escrow services in select markets through its Inspire Home Loans, Parkway Title, IHL Home Insurance Agency, and IHL Escrow subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com.

SOURCE Century Communities, Inc.

NEW YORK--(BUSINESS WIRE)--Sprinklr (NYSE: CXM), the definitive, AI-native platform for Unified Customer Experience Management (Unified-CXM), today announced it has been named a Leader in the 2026 Gartner® Magic Quadrant™ for Social Media Management and Listening and placed furthest on the Completeness of Vision axis and highest on the Ability to Execute axis.

“We’re honored to be recognized as a Leader in the 2026 Gartner Magic Quadrant for Social Media Management and Listening,” said Sprinklr Chief Product Officer, Karthik Suri. “Social has become one of the most immediate signals of customer truth. Just in the U.S., for example, Pew Research reports more than 70% of Americans, more than 245 million people, use social media and most engage across multiple platforms. With similar patterns globally, this makes social one of the most powerful channels for marketing, real-time customer feedback, and brand engagement. Our focus has been on turning that signal into actionable intelligence with AI, so teams can move from reaction to proactive engagement. When you combine unified data, decision context, and the right balance of human and AI, brands don’t just manage conversations – they build trust at scale.”

Sprinklr’s platform brings together social media management and listening in a single system, helping enterprises manage content, engage customers, and turn billions of social interactions into real-time insight.

As social conversations become more fragmented across channels, organizations are under pressure to unify data, governance, and execution. Sprinklr enables brands to replace siloed tools with a connected approach that scales globally while maintaining control and consistency.

With built-in AI agents, copilots, and automation, teams can:

Plan and publish content across global social channels from a unified platform; Prioritize and respond to conversations in real time with AI-assisted workflows; Analyze large volumes of social data to identify trends, sentiment, and risk signals; and Translate social insights into decisions across marketing, care, and customer experience. By connecting listening with engagement, Sprinklr helps organizations move from reactive social management to proactive, insight-led customer experience.

Access the 2026 Gartner Magic Quadrant Report

To learn more about Sprinklr’s positioning and see the full 2026 Gartner® Magic Quadrant™ for Social Media Management and Listening, visit: https://www.sprinklr.com/gartner-mq-smm-2026/.

Gartner Disclaimer:

Gartner, Magic Quadrant for Social Media Management and Listening, Claudia Ratterman, Karen Lee, Tia Zervas, July 6, 2026.

Gartner and Magic Quadrant are trademarks of Gartner, Inc. and/or its affiliates.

Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner’s business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose.

About Sprinklr

Sprinklr is the definitive, AI-native platform for Unified Customer Experience Management (Unified-CXM), empowering brands to deliver extraordinary experiences at scale — across every customer touchpoint.

By combining human intelligence with the enhancements and insights of artificial intelligence, Sprinklr helps brands earn trust and loyalty through personalized, seamless, and efficient customer interactions. Sprinklr’s unified platform provides powerful solutions for every customer-facing team — spanning social media management, marketing, advertising, customer feedback, and omnichannel contact center management — enabling enterprises to unify data, break down silos, and act on real-time insights.

Today, 1,600+ enterprises — including Microsoft, P&G, Samsung, and 59% of the Fortune 100 — rely on Sprinklr to help them deliver consistent, trusted customer experiences worldwide.

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PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today the planned dates for its third quarter 2026 results and conference call.

On Wednesday, July 29, 2026, after market close, Tetra Tech intends to announce its third quarter 2026 results. On Thursday, July 30, 2026, at 8:00 a.m. Pacific Time, Tetra Tech plans to host a conference call to present and discuss the Company’s financial results and forward outlook.

Investors and other interested parties can access a live audio-visual webcast through a link posted on the Company’s website at tetratech.com/investors. The webcast replay will be available following the call.

About Tetra Tech

Tetra Tech is the leader in water, environment and sustainable infrastructure, providing high-end consulting and engineering services for projects worldwide. With more than 25,000 employees working together, Tetra Tech provides clear solutions to complex problems by Leading with Science® to address the entire water cycle, protect and restore the environment, and design sustainable and resilient infrastructure. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn and Facebook.

More News From Tetra Tech, Inc.

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SentinelOne, Inc. (S) Discusses Independent Evaluation and Findings from Security Operations Market Report Transcript

July 08, 2026 16:05 ET  | Source: Vaxcyte, Inc.

SAN CARLOS, Calif., July 08, 2026 (GLOBE NEWSWIRE) -- Vaxcyte, Inc. (Nasdaq: PCVX), a clinical-stage vaccine innovation company, today announced that Company management will participate in and host one-on-one meetings at the following investor conferences:

Leerink Partners Therapeutics Forum, July 14-15, 2026: Meetings will take place on Wednesday, July 15.BTIG Virtual Biotechnology Conference, July 28-29, 2026: Meetings will take place on Tuesday, July 28. About Vaxcyte 
Vaxcyte is a vaccine innovation company engineering high-fidelity vaccines to protect humankind from the consequences of bacterial diseases. VAX-31, a 31-valent pneumococcal conjugate vaccine (PCV) candidate being evaluated in the OPUS Phase 3 adult clinical program and in a Phase 2 infant clinical program, is being developed for the prevention of invasive pneumococcal disease (IPD) and is the broadest-spectrum PCV candidate in the clinic today. VAX-24, a 24-valent PCV candidate, is designed to cover more serotypes than any infant PCV on-market. VAX-31 and VAX-24 are designed to improve upon standard-of-care PCVs by covering the serotypes in circulation that cause a significant portion of IPD and are associated with high case-fatality rates, antibiotic resistance and meningitis, while maintaining coverage of previously circulating strains. VAX-XL, in earlier-stage development, also leverages the Company’s carrier-sparing, site-specific conjugation technology with the aim of further expanding coverage to deliver the broadest-spectrum candidate in the Company’s PCV franchise.

VAX-A1 is a prophylactic vaccine candidate designed to provide broad, strain-independent protection against disease caused by Group A Strep and is currently being evaluated in a Phase 1 clinical study in adults. Group A Strep remains a significant global cause of morbidity and mortality across both adult and pediatric populations and is a leading driver of antibiotic use, underscoring the substantial public health burden.

Vaxcyte is re-engineering the way highly complex vaccines are made through XpressCF®, its cell-free protein synthesis platform exclusively licensed from Sutro Biopharma, Inc. Unlike conventional cell-based approaches, the Company’s system for producing difficult-to-make proteins and antigens is intended to accelerate its ability to develop high-fidelity vaccines with enhanced immunological benefits. Vaxcyte’s pipeline also includes VAX-GI, a vaccine candidate designed to prevent Shigella. For more information, visit www.vaxcyte.com.

Contact:

Jeff Macdonald, Executive Director, Investor Relations
Vaxcyte, Inc.
917-371-0940
[email protected]

SAN FRANCISCO--(BUSINESS WIRE)--Levi Strauss & Co. (NYSE: LEVI) today announced financial results for the second quarter ended May 31, 2026.

“The Levi’s® brand is connecting with consumers around the world in more powerful ways than ever before, and our Q2 results are another proof point that our strategies are working and our team is executing,” said Michelle Gass, President and CEO of Levi Strauss & Co. “Our evolution into a DTC-first, denim lifestyle company—with a much larger addressable market—is translating to faster growth and higher profitability. While we are pleased with the progress, we are still in the early stages of our long-term growth journey, with more ways to win than ever before.”

“We delivered another strong quarter driven by broad-based growth across markets, channels and categories,” said Harmit Singh, Chief Financial and Growth Officer of Levi Strauss & Co. “That growth translated into higher profitability through gross margin expansion and disciplined SG&A leverage, demonstrating the strength and scalability of our operating model. Given our strong first-half results, we are passing through our full Q2 beat and raising our full-year guidance. We are also increasing our dividend, reflecting confidence in the strength of our business, our cash flow generation and our ability to create long-term shareholder value.”

Financial Highlights for the Second Quarter

Net Revenues of $1.6 billion increased 8% on a reported basis and 6% on an organic basis versus Q2 2025. In the Americas, net revenues increased 9% on a reported basis and increased 7% on an organic basis. Within the Americas, the U.S. increased 5% on a reported basis. In Europe, net revenues increased 4% on a reported basis and decreased 1% on an organic basis entirely due to the impact of the company’s distribution center transition last year which resulted in a shift of shipments from Q1 2025 into Q2 2025. H1 2026 net revenues increased 14% on a reported basis and 5% on an organic basis. In Asia, net revenues increased 10% on a reported basis and 12% on an organic basis. Beyond Yoga® increased 16% on a reported and organic basis. DTC (Direct-to-Consumer) net revenues increased 11% on a reported basis and 8% on an organic basis. DTC growth on a reported basis reflected a 5% increase in the U.S., a 12% increase in Europe and a 12% increase in Asia. DTC growth on an organic basis reflected a 7% increase in Europe and a 12% increase in Asia. Net revenues from e-commerce grew 19% on a reported basis and 17% on an organic basis. DTC comparable sales growth was 6%. DTC comprised 51% of total net revenues in the second quarter. Wholesale net revenues increased 5% on a reported basis and 3% on an organic basis. Net Revenues

Operating Income (loss)

Three Months Ended

Increase

(Decrease)

As

Reported

Increase

(Decrease)

Organic

Net Revenues

Three Months Ended

Increase

(Decrease)

As

Reported

($ millions)

May 31,
2026

June 1,
2025

May 31,
2026

June 1,
2025

Americas

$

815

$

748

9

%

7

%

$

164

$

153

7

%

Europe

$

420

$

403

4

%

(1

)%

$

89

$

69

28

%

Asia

$

284

$

258

10

%

12

%

$

43

$

30

44

%

Beyond Yoga®

$

43

$

37

16

%

16

%

$

(2

)

$

(4

)

47

%

___________

Operating margin was 7.8% in Q2 2026 compared to 7.5% in Q2 2025. Adjusted EBIT margin was 9.0% in Q2 2026 compared to 8.3% in Q2 2025. Gross margin expanded 10 basis points to 62.7%, driven by lower product costs and pricing actions. Tariffs and foreign exchange were a headwind in the quarter. Selling, general and administrative expenses (SG&A) were $843 million compared to $791 million in Q2 2025. Adjusted SG&A was up 6.5% to $838 million compared to $787 million last year primarily due to higher selling expenses and foreign exchange. Interest and other income (expense), net, which includes foreign exchange gains and losses, were zero in the aggregate in Q2 2026 and expenses of $6 million in the aggregate in Q2 2025. The effective income tax rate was 22.4%, compared to 22.3% in Q2 2025. Net income from continuing operations was $95 million compared to $80 million in Q2 2025. Adjusted net income was $110 million compared to $89 million in Q2 2025. Diluted earnings per share from continuing operations was $0.24 compared to $0.20 in Q2 2025. Adjusted diluted earnings per share was $0.28 compared to $0.22 in Q2 2025. Highlights include:

Three Months Ended

% Increase

As

Reported

% Increase

Organic

Net Revenues

Six Months Ended

% Increase

As

Reported

% Increase

Organic

Net Revenues

($ millions)

May 31,
2026

June 1,
2025

May 31,
2026

June 1,
2025

Net revenues

$

1,562

$

1,446

8%

6%

$

3,305

$

2,973

11%

8%

DTC Comparable Sales Growth

6%

+

*

*

*

*

*

*

Three Months Ended

Increase

As

Reported

Increase

(Decrease)

Constant

Currency

Six Months Ended

Increase

As

Reported

Increase

(Decrease)

Constant

Currency

($ millions, except per-share amounts)

May 31,
2026

June 1,
2025

May 31,
2026

June 1,
2025

Net income from continuing operations

$

95

$

80

19%

*

$

272

$

220

24%

*

Adjusted net income

$

110

$

89

24%

21%

$

277

$

239

16%

12%

Adjusted EBIT

$

141

$

119

18%

13%

$

359

$

323

11%

4%

Diluted earnings per share from continuing operations

$

0.24

$

0.20

4 ¢

*

$

0.69

$

0.55

14 ¢

*

Adjusted diluted earnings per share

$

0.28

$

0.22

6 ¢

5 ¢

$

0.70

$

0.60

10 ¢

8 ¢

Additional information regarding DTC Comparable sales growth, a key metric, is provided at the end of this press release.

Additional information regarding Adjusted SG&A, Adjusted EBIT, Adjusted EBIT margin, Adjusted net income, Adjusted diluted earnings per share, Adjusted free cash flow, as well as amounts presented on an organic net revenues basis and constant currency basis, all of which are non-GAAP financial measures, is provided at the end of this press release.

Balance Sheet Review as of May 31, 2026

Cash and cash equivalents were $849 million, while total liquidity was approximately $1.8 billion. Total inventories decreased 7% on a dollar basis compared to Q2 2025. Shareholder Returns

In the second quarter, the company returned $53.9 million in the form of dividends to shareholders, a 5% increase over prior year, representing a dividend of $0.14 per share. The $200 million accelerated share repurchase program launched in the first quarter of 2026 is expected to be settled in the third quarter.

As of May 31, 2026, the company had $240 million remaining under its current share repurchase authorization, which has no expiration date.

The company declared a dividend of $0.16 per share, a 14% increase over prior year, totaling approximately $62 million, payable in cash on August 5, 2026 to the holders of record of Class A common stock and Class B common stock at the close of business on July 22, 2026.

Fiscal 2026 Guidance

Guidance for 2026 is based on continuing operations, reflecting the Dockers® business being reported in discontinued operations. Guidance assumes U.S. tariffs on imports from China remain at 30% and Rest-of-World at 20%.

The following guidance is provided for the year ending November 29, 2026:

Metric

Updated FY 2026 Guidance

Previous FY 2026 Guidance

Reported net revenues growth

Raised to 7.0% to 7.5%

5.5% to 6.5%

Organic net revenues growth

Raised to 5.5% to 6.0%

4.5% to 5.5%

Gross margin

Raised to up 10 basis points to prior year

Flat to slightly up to prior year

Adjusted EBIT margin

Expanding to 12%, up 60 basis points to prior year

Expanding to approximately 12%

Tax rate

Approximately 23%, 2 points higher than prior year

Approximately 23%, 2 points higher than prior year

Adjusted diluted EPS

Raised to $1.46 to $1.52

This includes an approximate $0.04 headwind from a higher tax rate

$1.42 to $1.48

This includes an approximate $0.04 headwind from a higher tax rate

This outlook also assumes no significant worsening of macro-economic pressures on the consumer, inflationary pressures, supply chain disruptions, potential tariffs or currency fluctuations. A reconciliation of non-GAAP forward looking information to the corresponding GAAP measures cannot be provided without unreasonable efforts due to the challenge in quantifying various items including but not limited to, the effects of foreign currency fluctuations, taxes, potential tariffs and rebates, and any future restructuring, restructuring-related, severance and other charges.

Investor Conference Call

To access the conference call, please pre-register on https://register-conf.media-server.com/register/BIaa579b9dc68f4e8b85f3a07e93aae5b8 and you will receive confirmation with dial-in details. A live webcast of the event can be accessed on https://edge.media-server.com/mmc/p/kopa6vxc.

A replay of the webcast will be available on http://investors.levistrauss.com starting approximately two hours after the event and archived on the site for one quarter.

About Levi Strauss & Co.

Levi Strauss & Co. (LS&Co.) is one of the world's largest brand-name apparel companies and a global leader in jeanswear. The company designs and markets jeans, casual wear and related accessories for men, women and children under the Levi's®, Levi Strauss Signature™, and Beyond Yoga® brands. Its products are sold in approximately 120 countries worldwide through a combination of chain retailers, department stores, online sites, and a global footprint of approximately 3,300 retail stores and shop-in-shops. Levi Strauss & Co.'s reported 2025 net revenues were $6.3 billion. For more information, go to http://levistrauss.com, and for financial news and announcements go to http://investors.levistrauss.com.

Forward-Looking Statements

This press release and related conference call contains, in addition to historical information, forward-looking statements, including statements related to: future financial results, including the company’s expectations for the full fiscal year 2026 net revenues (both reported and on an organic net revenues basis), gross margin, adjusted EBIT margins, adjusted SG&A, adjusted diluted earnings per share and effective tax rate; business and market outlook; consumer preferences; progress against strategic priorities; the ongoing restructuring of our operations and our ability to achieve any anticipated cost savings associated with such restructuring; trajectory of direct-to-consumer business; macroeconomic conditions, including impacts of and uncertainties around U.S. tariffs and potential rebates and any additional retaliatory measures by impacted exporting countries; impacts of foreign currency exchange; capital expenditures; pricing initiatives; inventory growth; new store openings; investments in high growth initiatives; future dividend payments and share repurchases; and efforts to diversify product categories and distribution channels, and the related revenue projections. The company has based these forward-looking statements on its current reasonable assumptions, expectations and projections about future events. Words such as, but not limited to, “believe,” “will,” “may,” “so we can,” “when,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “could” and similar expressions are used to identify forward-looking statements, although not all forward-looking statements contain these words. These forward-looking statements are necessary estimates reflecting the best judgment of our senior management and involve a number of risks and uncertainties, some of which are beyond our control, that could cause actual results to differ materially from those suggested by the forward-looking statements. Investors should consider the information contained in the company's filings with the U.S. Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for fiscal 2025, especially in the “Management's Discussion and Analysis of Financial Condition and Results of Operations”, “Summary of Risk Factors” and “Risk Factors” sections, and its Quarterly Report on Form 10-Q for the quarter ended May 31, 2026, especially in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations”, section. Other unknown or unpredictable factors also could have material adverse effects on future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release and related conference call may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated or, if no date is stated, as of the date of this press release and related conference call. The company is not under any obligation and does not intend to update or revise any of the forward-looking statements contained in this press release and related conference call to reflect circumstances existing after the date of this press release and related conference call or to reflect the occurrence of future events, even if such circumstances or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized.

Key Metrics

DTC Comparable sales growth is used by management to evaluate the performance of our existing Levi’s® brand company owned and operated mainline and outlet store base and owned digital channels by measuring year‑over‑year changes in net revenues for stores open for at least 12 full fiscal months, excluding the effects of changes in our store portfolio and other events that materially affect comparability such as significant relocations, or expansions and remodels. In fiscal years with 53 weeks, the impact of the additional week is excluded, and prior‑year periods are adjusted as necessary to align comparable weeks. DTC Comparable sales growth is presented on a constant currency basis and is intended as a supplemental operating metric, which may not be comparable to similarly titled measures used by other companies.

Non-GAAP Financial Measures

The company reports its financial results in accordance with generally accepted accounting principles in the United States (GAAP) and the rules of the SEC. To supplement its financial statements prepared and presented in accordance with GAAP, the company uses certain non-GAAP financial measures, such as Adjusted SG&A, Adjusted SG&A margin, Adjusted EBIT (both reported and on a constant-currency basis), Adjusted EBIT margin (both reported and on a constant-currency basis), Adjusted EBITDA, Adjusted net income (both reported and on a constant-currency basis), Adjusted diluted earnings per share (both reported and on a constant-currency basis), organic net revenues, Adjusted free cash flow, and return on invested capital to provide investors with additional useful information about its financial performance, to enhance the overall understanding of its past performance and future prospects and to allow for greater transparency with respect to important metrics used by management for financial and operating decision-making. The company presents these non-GAAP financial measures to assist investors in seeing its financial performance from management's view and because it believes they provide an additional tool for investors to use in computing the company's core financial performance over multiple periods with other companies in its industry. The tables found below present Adjusted SG&A, Adjusted SG&A margin, Adjusted EBIT (both reported and on a constant-currency basis), Adjusted EBIT margin (both reported and on a constant-currency basis), Adjusted EBITDA, Adjusted net income (both reported and on a constant-currency basis), Adjusted diluted earnings per share (both reported and on a constant-currency basis), organic net revenues, Adjusted free cash flow, and return on invested capital and corresponding reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated in accordance with GAAP. Non-GAAP financial measures have limitations in their usefulness to investors because they have no standardized meaning prescribed by GAAP and are not prepared under any comprehensive set of accounting rules or principles. Certain items that may be excluded or included in non-GAAP financial measures may be significant items that could impact the company’s financial position, results of operations and cash flows and should therefore be considered in assessing the company’s actual financial condition and performance. Non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgment by management in determining how they are formulated. Some specific limitations include but are not limited to, the fact that such non-GAAP financial measures: (a) do not reflect cash outlays for capital expenditures, contractual commitments or liabilities including pension obligations, post-retirement health benefit obligations and income tax liabilities; (b) do not reflect changes in, or cash requirements for, working capital requirements; and (c) do not reflect the interest expense, or the cash requirements necessary to service interest or principal payments, on indebtedness. In addition, non-GAAP financial measures may be calculated differently from, and therefore may not be directly comparable to, similarly titled measures used by other companies. As a result, non-GAAP financial measures should be viewed as supplementing, and not as an alternative or substitute for, the company's financial results prepared in accordance with GAAP. The company urges investors to review the reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures included in this press release, and not to rely on any single financial measure to evaluate its business. See “RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES” below for reconciliation to the most comparable GAAP financial measures. A reconciliation of non-GAAP forward-looking information to the corresponding GAAP measures cannot be provided without unreasonable efforts due to the challenge in quantifying various items including but not limited to, the effects of foreign currency fluctuations, taxes, and any future restructuring, restructuring-related, severance and other charges.

Organic Net Revenues and Constant-Currency

The company reports net revenues in accordance with GAAP, as well as on an organic net revenues basis in order to facilitate period-to-period comparisons of our revenues which excludes the impact of fluctuating foreign currency exchange rates from the change in reported net revenues, net revenues derived from business acquisitions, divestitures or wind downs impacting the comparable reporting date and the estimated impact of any 53rd week. The company reports certain operating results in accordance with GAAP, as well as on a constant-currency basis in order to facilitate period-to-period comparisons of its results without regard to the impact of fluctuating foreign currency exchange rates. These measures exclude the results of our Dockers® business, which is classified as discontinued operations.

The term foreign currency exchange rates refers to the exchange rates used to translate the company's operating results for all countries where the functional currency is not the U.S. Dollar into U.S. Dollars. Because the company is a global company, foreign currency exchange rates used for translation may have a significant effect on its reported results. In general, the company's financial results are affected positively by a weaker U.S. Dollar and are affected negatively by a stronger U.S. Dollar as compared to the foreign currencies in which it conducts its business. References to operating results on a constant-currency basis mean operating results without the impact of foreign currency translation fluctuations.

The company calculates constant-currency amounts by translating local currency amounts in the prior-year period at actual foreign currency exchange rates for the current period. Constant-currency results do not eliminate the transaction currency impact, which primarily includes the realized and unrealized gains and losses recognized from the measurement and remeasurement of purchases and sales of products in a currency other than the functional currency and of forward foreign exchange contracts.

The company believes disclosure of organic net revenues and Adjusted EBIT constant-currency, Adjusted EBIT Margin constant-currency and Adjusted Net Income constant-currency results is helpful to investors because it facilitates period-to-period comparisons of its results by increasing the transparency of the underlying performance by excluding the impact of fluctuating foreign currency exchange rates. However, organic net revenues and constant-currency results are non-GAAP financial measures and are not meant to be considered in isolation or as a substitute for comparable measures prepared in accordance with GAAP. Organic net revenues and constant-currency results have no standardized meaning prescribed by GAAP, are not prepared under any comprehensive set of accounting rules or principles and should be read in conjunction with the company's consolidated financial statements prepared in accordance with GAAP. Organic net revenues and constant-currency results have limitations in their usefulness to investors and may be calculated differently from, and therefore may not be directly comparable to, similarly titled measures used by other companies.

Source: Levi Strauss & Co. Investor Relations

  LEVI STRAUSS & CO. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

  (Unaudited)

May 31,
2026

November 30,
2025

(Dollars in millions)

ASSETS

Current Assets:

Cash and cash equivalents

$

849.3

$

757.9

Short-term investments in marketable securities

128.5

90.9

Trade receivables, net

586.2

774.7

Inventories

1,157.6

1,237.7

Other current assets

245.3

238.5

Current assets held for sale

—

54.0

Total current assets

2,966.9

3,153.7

Property, plant and equipment, net

659.8

681.8

Goodwill

282.0

280.6

Other intangible assets, net

192.8

194.4

Deferred tax assets, net

839.9

830.1

Operating lease right-of-use assets, net

1,141.3

1,148.2

Other non-current assets

544.8

538.7

Non-current assets held for sale

—

21.3

Total assets

$

6,627.5

$

6,848.8

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:

Accounts payable

$

598.5

$

597.6

Accrued salaries, wages and employee benefits

192.9

244.7

Accrued sales returns and allowances

190.8

226.1

Short-term operating lease liabilities

268.3

260.7

Other accrued liabilities

602.7

703.4

Total current liabilities

1,853.2

2,032.5

Long-term debt

1,043.0

1,039.2

Long-term operating lease liabilities

984.3

1,005.6

Long-term employee related benefits

244.3

252.7

Other long-term liabilities

230.3

240.2

Total liabilities

4,355.1

4,570.2

Commitments and contingencies

Stockholders’ Equity:

Common stock — $0.001 par value; 1,200,000,000 Class A shares authorized, 99,130,650 shares and 103,620,225 shares issued and outstanding as of May 31, 2026 and November 30, 2025, respectively; and 422,000,000 Class B shares authorized, 285,717,276 shares and 286,756,831 shares issued and outstanding, as of May 31, 2026 and November 30, 2025, respectively

0.4

0.4

Additional paid-in capital

754.9

788.1

Retained earnings

1,896.8

1,897.3

Accumulated other comprehensive loss

(379.7

)

(407.2

)

Total stockholders’ equity

2,272.4

2,278.6

Total liabilities and stockholders’ equity

$

6,627.5

$

6,848.8

  The notes accompanying our consolidated financial statements in our Form 10-Q for the second quarter of fiscal 2026 are an integral part of these consolidated financial statements.

  LEVI STRAUSS & CO. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

  Three Months Ended

Six Months Ended

May 31,
2026

June 1,
2025

May 31,
2026

June 1,
2025

(Dollars in millions, except per share amounts)

(Unaudited)

Net revenues

$

1,562.0

$

1,446.0

$

3,304.5

$

2,972.8

Cost of goods sold

582.9

540.2

1,247.1

1,119.4

Gross profit

979.1

905.8

2,057.4

1,853.4

Selling, general and administrative expenses

843.4

791.0

1,715.1

1,540.3

Restructuring charges, net

13.5

6.8

21.4

13.5

Operating income

122.2

108.0

320.9

299.6

Interest expense

(12.9

)

(11.8

)

(26.0

)

(22.7

)

Other income (expense), net

12.9

6.3

55.5

2.2

Income from continuing operations before income taxes

122.2

102.5

350.4

279.1

Income tax expense

27.4

22.9

78.5

59.3

Net income from continuing operations

94.8

79.6

271.9

219.8

Net loss from discontinued operations, net of taxes

(7.5

)

(12.6

)

(8.8

)

(17.8

)

Net income

$

87.3

$

67.0

$

263.1

$

202.0

Earnings (loss) per common share:

Continuing operations - Basic

$

0.25

$

0.20

$

0.70

$

0.55

Discontinued operations - Basic

(0.02

)

(0.03

)

(0.02

)

(0.04

)

Net income - Basic

$

0.23

$

0.17

$

0.68

$

0.51

Continuing operations - Diluted

$

0.24

$

0.20

$

0.69

$

0.55

Discontinued operations - Diluted

(0.02

)

(0.03

)

(0.02

)

(0.04

)

Net income - Diluted

$

0.22

$

0.17

$

0.67

$

0.51

Weighted-average common shares outstanding:

Basic

385,982,038

396,411,904

387,976,602

396,498,984

Diluted

389,629,216

399,048,949

392,300,262

400,106,225

  The notes accompanying our consolidated financial statements in our Form 10-Q for the second quarter of fiscal 2026 are an integral part of these consolidated financial statements.

  LEVI STRAUSS & CO. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

  Six Months Ended

May 31,
2026

June 1,
2025

(Dollars in millions)

(Unaudited)

Cash Flows from Operating Activities:

Net income

$

263.1

$

202.0

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

112.8

99.6

Property, plant, equipment impairment, and early lease terminations, net

0.9

14.8

Gain on sale of business, prior to costs to sell

(33.6

)

—

Gain on sale of assets

—

(8.5

)

Stock-based compensation

40.1

44.2

Deferred income taxes

(2.0

)

(17.2

)

Other, net

(7.3

)

7.6

Net change in operating assets and liabilities

108.3

(104.5

)

Net cash provided by operating activities

482.3

238.0

Cash Flows from Investing Activities:

Proceeds from sale of business

96.3

—

Purchases of property, plant and equipment

(99.3

)

(106.1

)

Net proceeds from sales of assets

—

22.3

(Payments) proceeds on settlement of forward foreign exchange contracts not designated for hedge accounting, net

(5.1

)

36.6

Payments to acquire short-term investments

(87.6

)

(83.5

)

Proceeds from sale, maturity and collection of short-term investments

50.6

1.0

Other investing activities, net

(6.4

)

—

Net cash used for investing activities

(51.5

)

(129.7

)

Cash Flows from Financing Activities:

Accelerated share repurchase, including excise tax

(201.0

)

—

Repurchase of common stock

—

(30.5

)

Tax withholdings on equity awards

(31.7

)

(18.5

)

Dividends to stockholders

(107.7

)

(102.8

)

Other financing activities, net

(0.5

)

(0.6

)

Net cash used for financing activities

(340.9

)

(152.4

)

Effect of exchange rate changes on cash and cash equivalents and restricted cash

1.5

7.7

Net increase (decrease) in cash and cash equivalents and restricted cash

91.4

(36.4

)

Beginning cash and cash equivalents

757.9

690.0

Ending cash and cash equivalents

$

849.3

$

653.6

Noncash Investing Activity:

Property, plant and equipment acquired and not yet paid at end of period

$

37.9

$

50.5

Supplemental Disclosure of Cash Flow Information:

Cash paid for income taxes during the period, net of refunds

$

105.0

$

84.4

  ____________

Consolidated statements of cash flows include the cash flows from continuing and discontinued operations.

The notes accompanying our consolidated financial statements in our Form 10-Q for the second quarter of fiscal 2026 are an integral part of these consolidated financial statements.

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

FOR THE SECOND QUARTER AND FISCAL YEAR 2026

The following information relates to non-GAAP financial measures, and should be read in conjunction with the investor call held on July 8, 2026, discussing the company’s financial condition and results of operations as of and for the quarter ended May 31, 2026. Because the results of our Dockers® business are classified as discontinued operations, those results are not reflected in our non-GAAP measures.

In the table below, we define the following non-GAAP measures:

Most comparable GAAP measure

Non-GAAP measure

Non-GAAP measure definition

Selling, general and administrative expenses (“SG&A”)

Adjusted SG&A

SG&A excluding goodwill impairment charges and restructuring related charges and other, net

SG&A margin

Adjusted SG&A margin

Adjusted SG&A as a percentage of net revenues

Net income from continuing operations

Adjusted EBIT

Net income from continuing operations excluding income tax expense, interest expense, other (income) expense, net, goodwill impairment charges, restructuring charges, net, and restructuring related charges and other, net

Net income margin from continuing operations

Adjusted EBIT margin

Adjusted EBIT as a percentage of net revenues

Net income from continuing operations

Adjusted EBITDA

Adjusted EBIT excluding depreciation and amortization expense

Net income from continuing operations

Adjusted net income

Net income from continuing operations excluding goodwill impairment charges, restructuring charges, net, restructuring related charges and other, net, and gain on legal settlement adjusted to give effect to the income tax impact of such adjustments

Net income margin from continuing operations

Adjusted net income margin

Adjusted net income as a percentage of net revenues

Diluted earnings per share from continuing operations

Adjusted diluted earnings per share

Adjusted net income per weighted-average number of diluted common shares outstanding

Adjusted SG&A:

The following table presents a reconciliation of SG&A, the most directly comparable financial measure calculated in accordance with GAAP, to Adjusted SG&A for each of the periods presented.

Three Months Ended

Six Months Ended

May 31,
2026

June 1,
2025

May 31,
2026

June 1,
2025

(Dollars in millions)

(Unaudited)

Most comparable GAAP measure:

Selling, general and administrative expenses

$

843.4

$

791.0

$

1,715.1

$

1,540.3

Non-GAAP measure:

Selling, general and administrative expenses

$

843.4

$

791.0

$

1,715.1

$

1,540.3

Goodwill impairment charges(1)

—

—

—

(2.5

)

Restructuring related charges and other, net(2)

(5.5

)

(4.5

)

(16.7

)

(7.7

)

Adjusted SG&A

$

837.9

$

786.5

$

1,698.4

$

1,530.1

SG&A margin

54.0

%

54.7

%

51.9

%

51.8

%

Adjusted SG&A margin

53.6

%

54.4

%

51.4

%

51.5

%

_____________

(1)

For the six-month period ended June 1, 2025, goodwill impairment charges includes the recognition of a $2.5 million goodwill impairment charge related to our business in Bolivia.

(2)

For the three-month period ended May 31, 2026, restructuring related charges and other, net consists primarily of consulting fees associated with our restructuring activities, legal claims, and other expenses. For the six-month period ended May 31, 2026, restructuring related charges and other, net consists primarily of consulting fees associated with our restructuring activities, legal claims, attorney fees related to a gain on legal settlements of $10.0 million, and other expenses.

  For the three-month and six-month periods ended June 1, 2025, restructuring related charges and other, net primarily relates to consulting costs associated with our restructuring initiative of $3.6 million and $5.7 million, respectively.

  Adjusted EBIT and Adjusted EBITDA:

The following table presents a reconciliation of net income from continuing operations, the most directly comparable financial measure calculated in accordance with GAAP, to Adjusted EBIT and Adjusted EBITDA for each of the periods presented.

Three Months Ended

Six Months Ended

May 31,
2026

June 1,
2025

May 31,
2026

June 1,
2025

(Dollars in millions)

(Unaudited)

Most comparable GAAP measure:

Net income from continuing operations

$

94.8

$

79.6

$

271.9

$

219.8

Non-GAAP measure:

Net income from continuing operations

$

94.8

$

79.6

$

271.9

$

219.8

Income tax expense

27.4

22.9

78.5

59.3

Interest expense

12.9

11.8

26.0

22.7

Other (income) expense, net

(12.9

)

(6.3

)

(55.5

)

(2.2

)

Goodwill impairment charges(1)

—

—

—

2.5

Restructuring charges, net(2)

13.5

6.8

21.4

13.5

Restructuring related charges and other, net(3)

5.5

4.5

16.7

7.7

Adjusted EBIT

$

141.2

$

119.3

$

359.0

$

323.3

Depreciation and amortization

57.1

50.3

112.4

99.5

Adjusted EBITDA

$

198.3

$

169.6

$

471.4

$

422.8

Net income margin from continuing operations

6.1

%

5.5

%

8.2

%

7.4

%

Adjusted EBIT margin

9.0

%

8.3

%

10.9

%

10.9

%

____________

(1)

For the six-month period ended June 1, 2025, goodwill impairment charges includes the recognition of a $2.5 million goodwill impairment charge related to our business in Bolivia.

(2)

For the three-month and six-month periods ended May 31, 2026, restructuring charges, net consists primarily of $10.1 million and $18.4 million of severance and post-employment benefit charges, respectively, as well as asset impairment charges related to decision to discontinue certain technology projects, and contract termination costs.

For the three-month period ended June 1, 2025, restructuring charges, net includes $6.8 million in connection with Project Fuel consisting of $7.2 million of asset impairment in connection with the closures of distribution centers, $6.8 million of severance and other post-employment benefit charges, and $2.1 million of contract terminations and other costs, partially offset by a $9.3 million gain on the sale of a previously closed distribution center.

For the six-month period ended June 1, 2025, restructuring charges, net includes $13.5 million in connection with Project Fuel consisting of $9.2 million of asset impairment in connection with the closures of distribution centers, $9.7 million of severance and other post-employment benefit charges, and $3.9 million of contract terminations and other costs, partially offset by a $9.3 million gain on the sale of a previously closed distribution center.

(3)

For the three-month period ended May 31, 2026, restructuring related charges and other, net consists primarily of consulting fees associated with our restructuring activities, legal claims, and other expenses. For the six-month period ended May 31, 2026, restructuring related charges and other, net consists primarily of consulting fees associated with our restructuring activities, legal claims, attorney fees related to a gain on legal settlements of $10.0 million, and other expenses.

For the three-month and six-month periods ended June 1, 2025, restructuring related charges and other, net primarily relates to consulting costs associated with our restructuring initiative of $3.6 million and $5.7 million, respectively.

  Adjusted Net Income:

The following table presents a reconciliation of net income from continuing operations, the most directly comparable financial measure calculated in accordance with GAAP, to Adjusted net income for each of the periods presented.

Three Months Ended

Six Months Ended

Twelve Months Ended

May 31,
2026

June 1,
2025

May 31,
2026

June 1,
2025

May 31,
2026

June 1,
2025

(Dollars in millions)

(Unaudited)

Most comparable GAAP measure:

Net income from continuing operations

$

94.8

$

79.6

$

271.9

$

219.8

$

554.1

$

422.8

Non-GAAP measure:

Net income from continuing operations

$

94.8

$

79.6

$

271.9

$

219.8

$

554.1

$

422.8

Property, plant and equipment impairment

—

—

—

—

—

11.1

Goodwill and other intangible asset impairment charges(1)

—

—

—

2.5

—

113.9

Restructuring charges, net(2)

13.5

6.8

21.4

13.5

32.4

30.9

Restructuring related charges and other, net(3)

5.8

4.5

17.2

7.7

25.2

43.4

Loss on early extinguishment of debt

—

—

—

—

1.5

—

Gain on legal settlement

—

—

(33.0

)

—

(33.0

)

—

Tax impact of adjustments(4)

(4.3

)

(2.4

)

(1.0

)

(5.0

)

(5.1

)

(50.0

)

Adjusted net income

$

109.8

$

88.5

$

276.5

$

238.5

$

575.1

$

572.1

Net income margin from continuing operations

6.1

%

5.5

%

8.2

%

7.4

%

Adjusted net income margin

7.0

%

6.1

%

8.4

%

8.0

%

_____________

(1)

For the six-month period ended June 1, 2025, goodwill impairment charges includes the recognition of a $2.5 million goodwill impairment charge related to our business in Bolivia.

(2)

For the three-month and six-month periods ended May 31, 2026, restructuring charges, net consists primarily of $10.1 million and $18.4 million of severance and post-employment benefit charges, respectively, as well as asset impairment charges related to decision to discontinue certain technology projects, and contract termination costs.

For the three-month period ended June 1, 2025, restructuring charges, net includes $6.8 million in connection with Project Fuel consisting of $7.2 million of asset impairment in connection with the closures of distribution centers, $6.8 million of severance and other post-employment benefit charges, and $2.1 million of contract terminations and other costs, partially offset by a $9.3 million gain on the sale of a previously closed distribution center.

For the six-month period ended June 1, 2025, restructuring charges, net includes $13.5 million in connection with Project Fuel consisting of $9.2 million of asset impairment in connection with the closures of distribution centers, $9.7 million of severance and other post-employment benefit charges, and $3.9 million of contract terminations and other costs, partially offset by a $9.3 million gain on the sale of a previously closed distribution center.

(3)

For the three-month period ended May 31, 2026, restructuring related charges and other, net consists primarily of consulting fees associated with our restructuring activities, legal claims, and other expenses. For the six-month period ended May 31, 2026, restructuring related charges and other, net consists primarily of consulting fees associated with our restructuring activities, legal claims, attorney fees related to a gain on legal settlements of $10.0 million, and other expenses.

For the three-month and six-month periods ended June 1, 2025, restructuring related charges and other, net primarily relates to consulting costs associated with our restructuring initiative of $3.6 million and $5.7 million, respectively.

(4)

Tax impact calculated using the annual effective tax rate, excluding discrete costs and benefits.

  Adjusted Diluted Earnings per Share:

The following table presents a reconciliation of diluted earnings per share from continuing operations, the most directly comparable financial measure calculated in accordance with GAAP, to Adjusted diluted earnings per share for each of the periods presented.

Three Months Ended

Six Months Ended

May 31,
2026

June 1,
2025

May 31,
2026

June 1,
2025

(Unaudited)

Most comparable GAAP measure:

Diluted earnings per share from continuing operations

$

0.24

$

0.20

$

0.69

$

0.55

Non-GAAP measure:

Diluted earnings per share from continuing operations

$

0.24

$

0.20

$

0.69

$

0.55

Goodwill impairment charges(1)

—

—

—

0.01

Restructuring charges, net(2)

0.03

0.02

0.05

0.03

Restructuring related charges and other, net(3)

0.02

0.01

0.04

0.02

Gain on legal settlement

—

—

(0.08

)

—

Tax impact of adjustments(4)

(0.01

)

(0.01

)

—

(0.01

)

Adjusted diluted earnings per share

$

0.28

$

0.22

$

0.70

$

0.60

_____________

(1)

For the six-month period ended June 1, 2025, goodwill impairment charges includes the recognition of a $2.5 million goodwill impairment charge related to our business in Bolivia.

(2)

For the three-month and six-month periods ended May 31, 2026, restructuring charges, net consists primarily of $10.1 million and $18.4 million of severance and post-employment benefit charges, respectively, as well as asset impairment charges related to decision to discontinue certain technology projects, and contract termination costs.

For the three-month period ended June 1, 2025, restructuring charges, net includes $6.8 million in connection with Project Fuel consisting of $7.2 million of asset impairment in connection with the closures of distribution centers, $6.8 million of severance and other post-employment benefit charges, and $2.1 million of contract terminations and other costs, partially offset by a $9.3 million gain on the sale of a previously closed distribution center.

For the six-month period ended June 1, 2025, restructuring charges, net includes $13.5 million in connection with Project Fuel consisting of $9.2 million of asset impairment in connection with the closures of distribution centers, $9.7 million of severance and other post-employment benefit charges, and $3.9 million of contract terminations and other costs, partially offset by a $9.3 million gain on the sale of a previously closed distribution center.

(3)

For the three-month period ended May 31, 2026, restructuring related charges and other, net consists primarily of consulting fees associated with our restructuring activities, legal claims, and other expenses. For the six-month period ended May 31, 2026, restructuring related charges and other, net consists primarily of consulting fees associated with our restructuring activities, legal claims, attorney fees related to a gain on legal settlements of $10.0 million, and other expenses.

For the three-month and six-month periods ended June 1, 2025, restructuring related charges and other, net primarily relates to consulting costs associated with our restructuring initiative of $3.6 million and $5.7 million, respectively.

(4)

Tax impact calculated using the annual effective tax rate, excluding discrete costs and benefits.

  Adjusted Free Cash Flow:

Adjusted free cash flow, a non-GAAP financial measure, includes net cash flow from operating activities less purchases of property, plant and equipment from continuing and discontinued operations. This measure therefore includes the results of our Dockers® business, which is classified as discontinued operations. We believe Adjusted free cash flow is an important liquidity measure of the cash that is available after capital expenditures for operational expenses and investment in our business. We believe Adjusted free cash flow is useful to investors because it measures our ability to generate or use cash. Once our business needs and obligations are met, cash can be used to maintain a strong balance sheet, invest in future growth and return capital to stockholders.

The following table presents a reconciliation of net cash flow from operating activities, the most directly comparable financial measure calculated in accordance with GAAP, to Adjusted free cash flow for each of the periods presented.

Three Months Ended

Six Months Ended

May 31,
2026

June 1,
2025

May 31,
2026

June 1,
2025

(Dollars in millions)

(Unaudited)

Most comparable GAAP measure:

Net cash provided by operating activities

$

270.8

$

185.5

$

482.3

$

238.0

Net cash used for investing activities

(77.8

)

(58.6

)

(51.5

)

(129.7

)

Net cash used for financing activities

(56.8

)

(54.9

)

(340.9

)

(152.4

)

Non-GAAP measure:

Net cash provided by operating activities

$

270.8

$

185.5

$

482.3

$

238.0

Purchases of property, plant and equipment

(39.9

)

(39.5

)

(99.3

)

(106.1

)

Adjusted free cash flow

$

230.9

$

146.0

$

383.0

$

131.9

  Return on Invested Capital:

We define Return on invested capital (“ROIC”) as the trailing four quarters of Adjusted net income before interest and after taxes divided by the average trailing five quarters of total invested capital. We define total invested capital as total debt plus shareholders' equity less cash and short-term investments. We believe ROIC is useful to investors as it quantifies how efficiently we generated operating income relative to the capital we have invested in the business.

Our calculation of ROIC is considered a non-GAAP financial measure because we calculate ROIC using the non-GAAP metric Adjusted net income. Although ROIC is a standard financial metric, numerous methods exist for calculating a company's ROIC. As a result, the method we use to calculate our ROIC may differ from the methods used by other companies. This metric is not defined by GAAP and should not be considered as an alternative to earnings measures defined by GAAP.

The table below sets forth the calculation of ROIC for each of the periods presented.

Trailing Four Quarters

May 31,
2026

June 1,
2025

(Dollars in millions)

(Unaudited)

Net income from continuing operations

$

554.1

$

422.8

Numerator

Adjusted net income(1)

$

575.1

$

572.1

Interest expense

51.8

44.3

Adjusted income tax expense

156.2

124.4

Adjusted net income before interest and taxes

783.1

740.8

Income tax adjustment(2)

(167.2

)

(132.3

)

Adjusted net income before interest and after taxes

$

615.9

$

608.5

Average Trailing Five Quarters

May 31,
2026

June 1,
2025

(Dollars in millions)

(Unaudited)

Denominator

Total debt, including operating lease liabilities

$

2,365.1

$

2,193.2

Shareholders' equity

2,154.7

1,867.0

Cash and short-term investments

(718.0

)

(627.3

)

Total invested Capital

$

3,801.8

$

3,432.9

Net income to total invested capital

14.6

%

12.3

%

Return on invested capital

16.2

%

17.7

%

  Organic Net Revenues:

The table below sets forth the calculation of net revenues by segment on an organic net revenues basis for each of the periods presented.

Three Months Ended

Six Months Ended

May 31,
2026

June 1,
2025

% Increase

(Decrease)

May 31,
2026

June 1,
2025

% Increase

(Decrease)

(Dollars in millions)

(Unaudited)

Total net revenues(1)

As reported

$

1,562.0

$

1,446.0

8.0

%

$

3,304.5

$

2,972.8

11.2

%

Impact of foreign currency exchange rates

—

31.6

—

102.4

Net revenues from Denizen® wind down(2)

—

—

—

(2.3

)

Organic net revenues

$

1,562.0

$

1,477.6

5.7

%

$

3,304.5

$

3,072.9

7.5

%

Americas

As reported

$

815.5

$

748.4

9.0

%

$

1,671.2

$

1,531.4

9.1

%

Impact of foreign currency exchange rates

—

15.5

—

33.9

Net revenues from Denizen® wind down(2)

—

—

—

(2.3

)

Organic net revenues - Americas

$

815.5

$

763.9

6.8

%

$

1,671.2

$

1,563.0

6.9

%

Europe

As reported

$

420.2

$

403.1

4.2

%

$

916.2

$

803.6

14.0

%

Impact of foreign currency exchange rates

—

20.3

—

71.6

Organic net revenues - Europe

$

420.2

$

423.4

(0.8

)%

$

916.2

$

875.2

4.7

%

Asia

As reported

$

283.7

$

257.7

10.1

%

$

631.2

$

565.8

11.6

%

Impact of foreign currency exchange rates

—

(4.2

)

—

(3.1

)

Organic net revenues - Asia

$

283.7

$

253.5

11.9

%

$

631.2

$

562.7

12.2

%

Beyond Yoga®

As reported

$

42.6

$

36.8

15.8

%

$

85.9

$

72.0

19.3

%

Organic net revenues - Beyond Yoga®

$

42.6

$

36.8

15.8

%

$

85.9

$

72.0

19.3

%

The table below sets forth the calculation of net revenues by channel on an organic net revenues basis for each of the periods presented.

Three Months Ended

Six Months Ended

May 31,
2026

June 1,
2025

% Increase

(Decrease)

May 31,
2026

June 1,
2025

% Increase

(Decrease)

(Dollars in millions)

(Unaudited)

Total net revenues(1)

As reported

$

1,562.0

$

1,446.0

8.0

%

$

3,304.5

$

2,972.8

11.2

%

Impact of foreign currency exchange rates

—

31.6

—

102.4

Net revenues from Denizen® wind down(2)

—

—

—

(2.3

)

Organic net revenues

$

1,562.0

$

1,477.6

5.7

%

$

3,304.5

$

3,072.9

7.5

%

Wholesale

As reported

$

768.4

$

729.9

5.3

%

$

1,599.4

$

1,469.2

8.9

%

Impact of foreign currency exchange rates

—

15.6

—

45.1

Net revenues from Denizen® wind down(2)

—

—

—

(2.3

)

Organic net revenues - Wholesale

$

768.4

$

745.5

3.1

%

$

1,599.4

$

1,512.0

5.8

%

DTC

As reported

$

793.6

$

716.1

10.8

%

$

1,705.1

$

1,503.6

13.4

%

Impact of foreign currency exchange rates

—

16.0

—

57.3

Organic net revenues - DTC

$

793.6

$

732.1

8.4

%

$

1,705.1

$

1,560.9

9.2

%

The table below sets forth the calculation of net revenues by brand on an organic net revenues basis for each of the periods presented.

Three Months Ended

Six Months Ended

May 31,
2026

June 1,
2025

% Increase

(Decrease)

May 31,
2026

June 1,
2025

% Increase

(Decrease)

(Dollars in millions)

(Unaudited)

Total Levi’s Brands net revenues

As reported

$

1,519.4

$

1,409.2

7.8

%

$

3,218.6

$

2,900.8

11.0

%

Impact of foreign currency exchange rates

—

31.6

—

102.4

Net revenues from Denizen® wind down(1)

—

—

—

(2.3

)

Organic net revenues

$

1,519.4

$

1,440.8

5.5

%

$

3,218.6

$

3,000.9

7.3

%

Levi’s®

As reported

$

1,462.1

$

1,352.8

8.1

%

$

3,095.6

$

2,785.6

11.1

%

Impact of foreign currency exchange rates

—

31.4

—

102.0

Organic net revenues - Levi’s®

$

1,462.1

$

1,384.2

5.6

%

$

3,095.6

$

2,887.6

7.2

%

Levi Strauss SignatureTM

As reported

$

57.3

$

56.4

1.6

%

$

123.0

$

112.9

8.9

%

Impact of foreign currency exchange rates

—

0.2

—

0.4

Organic net revenues - Levi Strauss SignatureTM

$

57.3

$

56.6

1.2

%

$

123.0

$

113.3

8.6

%

Constant-Currency Adjusted EBIT and Constant-Currency Adjusted EBIT margin:

The table below sets forth the calculation of Adjusted EBIT and Adjusted EBIT margin on a constant-currency basis for each of the periods presented.

Three Months Ended

Six Months Ended

May 31,
2026

June 1,
2025

% Increase (Decrease)

May 31,
2026

June 1,
2025

% Increase (Decrease)

(Dollars in millions)

(Unaudited)

Adjusted EBIT(1)

$

141.2

$

119.3

18.4

%

$

359.0

$

323.3

11.0

%

Impact of foreign currency exchange rates

—

5.6

*

—

22.9

*

Constant-currency Adjusted EBIT

$

141.2

$

124.9

13.1

%

$

359.0

$

346.2

3.7

%

Adjusted EBIT margin

9.0

%

8.3

%

8.4

%

10.9

%

10.9

%

—

%

Impact of foreign currency exchange rates

—

0.2

*

—

0.4

*

Constant-currency Adjusted EBIT margin(2)

9.0

%

8.5

%

5.9

%

10.9

%

11.3

%

(3.5

)%

Constant-Currency Adjusted Net Income and Constant-Currency Adjusted Diluted Earnings per Share:

The table below sets forth the calculation of Adjusted net income and Adjusted diluted earnings per share on a constant-currency basis for each of the periods presented.

Three Months Ended

Six Months Ended

May 31,
2026

June 1,
2025

% Increase (Decrease)

May 31,
2026

June 1,
2025

% Increase (Decrease)

(Dollars in millions, except per share amounts)

(Unaudited)

Adjusted net income(1)

$

109.8

$

88.5

24.1

%

$

276.5

$

238.5

15.9

%

Impact of foreign currency exchange rates

—

2.2

*

—

8.2

*

Constant-currency Adjusted net income

$

109.8

$

90.7

21.1

%

$

276.5

$

246.7

12.1

%

Constant-currency Adjusted net income margin(2)

7.0

%

6.1

%

8.4

%

8.0

%

Adjusted diluted earnings per share

$

0.28

$

0.22

27.3

%

$

0.70

$

0.60

16.7

%

Impact of foreign currency exchange rates

—

0.01

*

—

0.02

*

Constant-currency Adjusted diluted earnings per share

$

0.28

$

0.23

21.7

%

$

0.70

$

0.62

12.9

%

More News From Levi Strauss & Co.

The apparel company again raised its full-year guidance after posting higher second-quarter sales as it continues efforts to broaden its offerings and focus on its direct-to-consumer business.

, /PRNewswire/ -- Ultra Clean Holdings, Inc. (Nasdaq: UCTT) today announced the appointment of Michael Keogh as Chief Financial Officer, effective August 5, 2026. Mr. Keogh succeeds Sheri Savage and will report to Chief Executive Officer James Xiao.

Mr. Keogh brings more than 25 years of global financial and operational leadership experience spanning the semiconductor, advanced manufacturing, automotive, and technology industries. He has built a distinguished track record of leading business transformations, improving financial and operational performance, and partnering with executive teams to scale complex global organizations.

"Mike is a highly accomplished finance executive whose best-in-class experience extends well beyond traditional finance leadership," said James Xiao, CEO. "His combination of strategic vision, capital markets expertise, and global manufacturing experience makes him an outstanding addition to our leadership team. As we continue executing our UCT 3.0 strategy and positioning the company for long-term growth, Mike's leadership will help strengthen our execution, support disciplined capital allocation, and create long-term value for our shareholders."

"I look forward to partnering with James and the leadership team to help drive the UCT 3.0 strategy and position the company for its next phase of growth as demand for advanced manufacturing capacity across the semiconductor equipment ecosystem continues to accelerate," added Mike Keogh.

Most recently, Mr. Keogh served as Chief Financial Officer of Ford Model e and Integrated Services, where he was instrumental in shaping Ford's EV strategy, supporting multi-billion-dollar joint ventures, and advancing capital allocation decisions during a period of significant business transformation. Previously, as Chief Financial Officer of Bright Machines, he led the company's financial turnaround. Earlier in his career, he held senior finance leadership positions at Apple, Stanley Black & Decker, and Intel, supporting global manufacturing, research and development, enterprise strategy, and business expansion.

Mr. Keogh holds a Master of Business Administration from Cornell University and a Bachelor of Arts in Industrial Relations from the University of North Carolina at Chapel Hill.

About Ultra Clean Holdings, Inc.

Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services, primarily for the semiconductor industry. Under its Products division, UCT offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping, and high-precision manufacturing. Under its Services Division, UCT offers its customers tool chamber parts cleaning and coating, as well as micro-contamination analytical services. Ultra Clean is headquartered in Hayward, California. Additional information is available at www.uct.com.

Contact:

Rhonda Bennetto
SVP, Investor Relations
[email protected]

SOURCE Ultra Clean Holdings, Inc.

DENVER--(BUSINESS WIRE)--UDR, Inc. (the “Company”) (NYSE: UDR), a leading multifamily real estate investment trust, announced today that it will release its second quarter 2026 financial results on Monday, July 27, 2026, after the market closes. A webcast and conference call will be held on Tuesday, July 28, 2026, at 12:00 p.m. Eastern Time. The webcast and conference call will be open to the public. During the webcast and conference call, company officers will review second quarter 2026 result.

July 08, 2026 16:05 ET  | Source: Latham Pool Products

LATHAM, N.Y., July 08, 2026 (GLOBE NEWSWIRE) -- Latham Group, Inc. (Nasdaq: SWIM), the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced that it will release financial results for the second quarter 2026 on Tuesday, August 4, 2026, after the close of the U.S. market. The Company will hold a conference call to discuss the results that same day at 4:30 PM Eastern Time.

We encourage participants to pre-register for the conference call by visiting https://dpregister.com/sreg/10209873/1043c6f57f1. Callers who pre-register will be sent a confirmation e-mail including a conference passcode and unique PIN to gain immediate access to the call. Participants may pre-register at any time, including up to and after the call start time. To ensure you are connected for the full call, please register at least 10 minutes before the start of the call.

A live audio webcast of the conference call will be available online at https://ir.lathampool.com/ under “Events & Presentations.”

Those without internet access, or unable to pre-register, may dial in by calling:

PARTICIPANT DIAL-IN (TOLL-FREE): 1-833-953-2435
PARTICIPANT INTERNATIONAL DIAL-IN: 1-412-317-5764

For those who are unable to listen to the live broadcast, an archived webcast will be available approximately two hours after the conclusion of the call, through August 4, 2027, on the Company’s investor relations website under “Events & Presentations.”

About Latham Group, Inc.

Latham Group, Inc., headquartered in Latham, NY, is the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand. Latham has a coast-to-coast operations platform consisting of approximately 1,900 employees across 35 locations.

Contact:

Lynn Morgen
Casey Kotary
ADVISIRY Partners
[email protected]
212-750-5800

PANAMA CITY, July 08, 2026 (GLOBE NEWSWIRE) -- Copa Holdings, S.A. (NYSE: CPA) announces the following events:

Earnings Release – Second Quarter 2026Date:August 5, 2026Time:After US market closeThis release will be available on our website: ir.copaair.com/financial-information/quarterly-results  Earnings Conference Call and Webcast Date:August 6, 2026Time:11:00 AM US ET (10:00 AM Local Time)Join by phone: Click hereWebcast (listen-only):ir.copaair.com/events-and-presentations We encourage our listeners to join the conference via webcast. To ensure a smooth experience, please access the website and complete registration/software installation prior to the scheduled start time.

If you are unable to listen to or access this presentation at the scheduled time, a webcast replay option will be available at the above website shortly after the conference.

Copa Holdings is a leading Latin American provider of passenger and cargo services. The Company, through its operating subsidiaries, provides service to countries in North, Central, and South America and the Caribbean. For more information, visit ir.copaair.com.

CPA-G

Investor Relations
[email protected]

Key Takeaways ZETA is riding AI platform demand, vendor consolidation and agency workflow expansion in 2026.Q1 revenues grew 50% as enterprises used Zeta across email, connected TV, mobile and social.Agency-led social ramps lifted GAAP cost of revenue to 41% and pressured EBITDA margin. Zeta Global Holdings Corp. (ZETA - Free Report) offers a useful lens on how enterprise marketing platforms are changing in 2026.

The company is riding AI-driven customer intelligence, vendor consolidation and agency workflow expansion. The same shift is creating margin and cash-timing friction, complicating the growth narrative.

How ZETA Reflects AI Platform DemandZeta’s recent results point to rising demand for AI-native marketing platforms. First-quarter 2026 revenues grew 50% year over year as enterprises used the Zeta Marketing Platform across email, connected TV, mobile and social channels.

                                                                                Image Source: ZETA

Athena is central to that trend. The product reached general availability for all enterprise customers in the first quarter, and agentic interactions increased more than sevenfold in the first week.

Those interactions accounted for more than 60% of AI usage. Multi-use-case customers increased more than 50%, while customers using more than three channels rose roughly 40%.

Why Zeta Benefits From Vendor ConsolidationZeta is benefiting as enterprises standardize on fewer platforms that can deliver measurable outcomes. Its sales pipeline expanded roughly 40% year over year in the first quarter, and nine of the top 10 industries grew more than 20%.

Direct platform revenue mix held at 75%, aligning with the company’s 70-75% target. That mix gives Zeta more control than third-party integrated channels.

Cross-sell adds to the theme. Marigold integration is creating opportunities to bundle loyalty with Zeta’s acquire and grow use cases. The Trade Desk (TTD - Free Report) , a demand-side platform used by advertisers and agencies, is tied to automated media buying. LiveRamp Holdings, Inc. (RAMP - Free Report) , with its data collaboration platform, sits in a related area where identity, data access and measurement remain important.

Where ZETA Exposes Agency Model FrictionThe agency opportunity is not immediately margin friendly. New agency wins have often ramped through social channels first, and that mix lifted GAAP cost of revenue to 41% in the first quarter of 2026.

Adjusted EBITDA margin was 16.7%, down 100 basis points year over year, even though adjusted EBITDA increased 42%. Management expects social-led agency activity to become accretive to adjusted EBITDA and free cash flow over time, but early onboarding can dilute margins.

                                                                           Image Source: ZETA

Cash timing also reflects the agency model. Free cash flow conversion reached 63% in the first quarter, but longer agency payment cycles created a roughly 13-point headwind.

How Zeta Tracks Open Data and Integration NeedsZeta’s recent strategic updates point to another marketing technology trend: enterprises want connected data layers and lower integration friction. Its partnership with Palantir will rearchitect Zeta’s Data Cloud on Palantir Foundry and link operational intelligence, customer intelligence and marketing execution.

Zeta also joined the Snowflake-led Open Semantic Interchange initiative. The effort is designed to support vendor-neutral semantic model standards, helping data and insights work across AI and analytics tools.

These moves fit a market where interoperability can influence adoption. For large enterprises, AI-enabled marketing workflows are more useful when they connect with existing data, analytics and governance systems.

What ZETA Signals Say About the TrendBottom line, Zeta reflects powerful shifts in marketing technology, but the stock still has to prove that growth can translate into cleaner earnings momentum. AI adoption, vendor consolidation and interoperability support the business, while agency mix, discretionary spending exposure and synergy timing keep the setup balanced.

ZETA currently carries a Zacks Rank #4 (Sell), which points to caution over the next one to three months because the Rank is driven by earnings estimate revision trends. That signal matters when a company’s story depends on a second-half margin ramp and steady execution.

The Style Scores are mixed. ZETA has a Growth Score of A, a Momentum Score of F and a VGM Score of B. The Growth and VGM readings suggest the company still screens well on business expansion and balanced style traits, but the weak Momentum Score and Zacks Rank #4 show that thematic strength alone is not enough. The trend looks compelling, but the stock needs cleaner execution to confirm it.

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

Astera Labs (ALAB +2.68%), an already-hot stock, had a scorching June that sent it to a new all-time high price. Several positive factors converged for the company, a maker of networking hardware and diagnostics for artificial intelligence (AI) infrastructure that is knee-deep in the AI revolution.

News of a factory expansion, inclusion in an important stock index, and a clutch of positive analyst updates combined to send Astera up nearly 41% that month.

A busy summer at home and abroad On June 2, Astera announced that it was expanding its Cloud-Scale Interop Lab located in Taiwan. In its words, this will manifest in "deepening the company's engineering, operational footprint, and strategic coordination with customers and ecosystem partners in one of the world's most important semiconductor ecosystems."

Image source: Getty Images.

AI hardware requires rigorous testing, and the dramatic expansion of Astera's capabilities in this area at a global center of chip manufacturing is sure to benefit its operations. It should also strengthen the bonds between the company and its important peers in the AI sphere.

Slightly over one week later, Nasdaq announced that, as part of its regular quarterly "rebalancing," it was adding five new stocks to its Nasdaq-100 large-cap index. That quintet includes Astera (plus CoreWeave, Nebius Group, Rocket Lab, and Teradyne, for the curious).

Inclusion on a high-profile index -- and the Nasdaq-100 certainly qualifies -- changes little to nothing about a company's fundamentals and its operations. However, it makes that company's stock an immediate and likely target for the many index funds that dip into market gauges like the Nasdaq-100 for their portfolios.

Finally, several positive analyst updates on Astera were sprinkled throughout the month. Two analysts, Vivek Arya of Bank of America Securities and UBS' Natalia Winkler, both substantially raised their price targets on the specialty tech stock. The former lifted his to $450 per share from $240, while the latter raised hers to $400 from $205.

Neither pundit qualifies as an Astera bull, however, as they both retained their neutral recommendations. That wasn't the case for Stifel's Tore Svanberg, who reiterated his buy recommendation at the beginning of the month, before the stock took off. His price target at the time was $260 per share. At the end of the month, though, this too was raised, to $460.

Today's Change

(

2.68

%) $

10.27

Current Price

$

393.16

Late-month cooldown Sooner or later, a hot stock cools off, and Astera climbed down, albeit only a bit, from its historical peak near the end of the month.

Although the company is an excellent bet as a pick-and-shovel play on the Great AI Build-Out, I'd be a bit wary of its sky-high valuations. However, those who believe it can post out-of-this-world growth in the coming years -- as it has in the recent past -- should consider buying at the current levels.

Key Takeaways CBRS is pitching wafer-scale AI chips as a faster alternative to conventional GPU-based systems.Cerebras' core cloud and services revenues rose 167% year over year to $79.8 million in Q1 2026.CBRS faces concentration risk, strict OpenAI delivery obligations and near-term margin compression. Cerebras Systems (CBRS - Free Report) has built its investment story around a sharp break from conventional AI chip design. The company’s wafer-scale approach gives investors a clear growth narrative, but also a clear test.

The question is whether Cerebras can turn speed, partner demand and cloud adoption into durable scale without letting delivery obligations, margins and data-center constraints overwhelm the story.

How CBRS Built a Different AI ArchitectureCerebras’ Wafer-Scale Engine (WSE) is designed to reduce a core bottleneck in AI computing: moving data across many smaller chips. By keeping compute and memory on a single wafer, the architecture aims to lower latency and simplify large-model workloads.

The WSE-3 includes roughly 4 trillion transistors, 900,000 AI-optimized cores, 44 gigabytes of on-chip memory, 21 petabytes per second of memory bandwidth and 214 petabits per second of fabric bandwidth. Those specifications support the company’s argument that wafer-scale design can deliver faster training and inference than conventional GPU-based systems.

That matters in a market where NVIDIA (NVDA - Free Report) remains central to GPU-accelerated computing and data-center platforms. Advanced Micro Devices (AMD - Free Report) also competes in high-performance computing, graphics and data-center markets, keeping the AI accelerator landscape highly contested.

NVIDIA is dominating the AI GPU market through its Blackwell, Hopper, DGX/NVL systems that are used for AI training and inference. AMD’s MI300 and MI350 accelerator families are competing with CBRS in hyperscale AI infrastructure and enterprise AI clusters.

In the past month, CBRS shares have dropped 19.2%, underperforming NVIDIA’s fall of 3.8% and AMD’s appreciation of 7.4%.

CBRS Stock Price Performance
Image Source: Zacks Investment Research

Cerebras Turns Hardware Into a PlatformCerebras is not selling only processors. Its portfolio includes CS-3 AI supercomputers, networking infrastructure, cluster management software and cloud-based AI services.

The software layer is central to that platform push. CSoft maps PyTorch models to the WSE without requiring developers to rewrite code, while the Inference Serving Stack and Cluster Manager help customers use multiple CS-3 systems as a single logical computer.

The mix shift is already visible. In the first quarter of 2026, core revenues rose 92% year over year to $191.3 million, with core cloud and services revenues up 167% to $79.8 million. That cloud growth changes the investment debate. The story is increasingly about recurring infrastructure usage and higher platform utilization, not just one-time system sales.

The Zacks Consensus Estimate for 2026 and 2027 revenues is currently pegged at $861.3 million and $2.77 billion, respectively.

Why Expanding Partner Base Matter for CerebrasCBRS’ partnerships with OpenAI and Amazon (AMZN - Free Report) are noteworthy developments.

OpenAI is the biggest validation point for Cerebras’ speed positioning. The company has an agreement for 750 megawatts of high-speed inference compute over the next several years, valued at more than $20 billion. The relationship also gives Cerebras exposure to frontier-model workloads. Management has said the collaboration gives the company direct insight into where advanced model development is moving.

Amazon’s cloud-arm Amazon Web Services (AWS) adds a distribution angle. The partnership is intended to bring Cerebras systems into AWS data centers and combine AWS Trainium 3 for prefill with Cerebras CS-3 for decoding.

For investors, that matters because AWS can place Cerebras closer to enterprises already running workloads inside Amazon’s cloud ecosystem. The opportunity depends on deployment execution, not just partnership headlines.

CBRS Growth Comes With Real ConstraintsCerebras’ growth case carries meaningful concentration risk. Historically, G42 and MBZUAI accounted for most annual revenues, while OpenAI is expected to represent a substantial portion of future revenues.

The OpenAI agreement also comes with strict delivery obligations across multiple data centers. If Cerebras misses deployment milestones, OpenAI can terminate portions of the agreement.

Margins are another pressure point. Cerebras expects near-term gross margin compression as it rents systems and builds the infrastructure needed to serve cloud demand. This is expected to hurt profitability. The consensus mark for 2026 loss is currently pegged at 89 cents per share. However, for 2027, the Zacks Consensus Estimate for earnings is pegged at 96 cents per share.

Data-center availability is a practical constraint as well. Management has described capacity as difficult to secure, even as the company expands across the United States, Canada, Europe and other regions.

ConclusionThe bottom line is balanced. Cerebras offers direct exposure to fast-growing AI infrastructure demand, but the stock’s outlook depends on whether the company can scale capacity, meet major customer obligations and improve profitability over time.

CBRS currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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SpaceX stock closed at $148 on Wednesday, below the company's first trading price of $150 per share for a second day in a row.

Elon Musk's aerospace and defense contractor was included in the Nasdaq-100 index on Tuesday, less than a month after its stock market debut on June 12. The rapid inclusion in the Nasdaq-100 was due, in part, to the exchange's revised rules for new public companies to become part of that widely-tracked benchmark.

The SpaceX inclusion also required index funds and exchange-traded funds that are tied to the benchmark to buy shares of the company in order to match the new lineup.

SpaceX's record initial public offering raised a total of $85.7 billion after underwriters exercised the "greenshoe" overallotment, which allows companies to issue more shares in an IPO when there is greater demand from participants during the initial offering. SpaceX initially offered 555.6 million shares for a set price of $135 each.

The stock soared in the days following its debut, notching a closing high of $201.80 on June 16.

Read more CNBC tech newsChinese lidar maker with Nvidia ties accused of being cyber risk for U.S.China's Alibaba bans Anthropic AI for employees after 'distillation attack' accusationSpaceX President Gwynne Shotwell to donate stock to Trump AccountsMicrosoft cuts 4,800 jobs, as Xbox unit downsizes and plans to spin off four gaming studiosMostly bullish analyst ratings followed the inclusion into the Nasdaq-100.

Morgan Stanley initiated coverage, rating shares of SpaceX as "overweight" with a price target of $300. Bernstein initiated coverage at "outperform" with a price target of $239. RBC initiated with an "outperform" rating and price target of $225. UBS initiated with a "buy" rating and 12-month price target of $210 per share.

Bulls pointed to the company's lead in reusable rocket technology and launch services, its vast Starlink satellite internet service and the potential to improve the margins for both of these businesses.

For growth, analysts pointed to SpaceX's potential to develop artificial intelligence products and services ranging from agentic coding tools to rival Anthropic's Claude or OpenAI's Codex and the development of orbital data centers.

In the more skeptical minority, MoffettNathanson initiated coverage of SpaceX with a neutral rating, and CFRA recommended selling shares.

— CNBC's Michael Bloom contributed to this report.

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SpaceX stock chart.

Meta Platforms (META 1.91%) hasn't had the best performance thus far in 2026, as the stock has fallen nearly 7% as of this writing. But a recent announcement from CEO Mark Zuckerberg's company could reignite investor enthusiasm for some.

On July 1, Bloomberg reported Meta was planning to sell access to artificial intelligence (AI) computing power and models. That was enough to send Meta's stock price up 8.6% the following trading day. For cloud computing provider CoreWeave (CRWV +7.76%), however, the story was different.

Image source: Getty Images.

Good news for Meta shareholders By 2030, Goldman Sachs Research forecasts that cloud computing revenue could reach $2 trillion. For Meta, renting out excess computing capacity can be not only a revenue generator but also help offset some of the company's aggressive spending. It plans to spend up to $145 billion in 2026 to build out AI infrastructure.

According to the Bloomberg report, Meta is planning to either sell pure computing capacity or sell access to AI models. Access to the AI models would reportedly follow a similar structure to how Amazon runs its Amazon Web Services Bedrock platform, with Meta running its own data centers and semiconductors that power AI models developers pay to access.

Today's Change

(

-1.91

%) $

-11.73

Current Price

$

603.85

Not-so-good news for CoreWeave shareholders The CoreWeave stock price reacted differently to the Meta news. If Meta ends up selling raw computing capacity, it's not just entering another company's turf, since Meta is also a CoreWeave client, with a $21 billion deal for AI cloud capacity that runs through 2032. That raises the possibility that CoreWeave will eventually lose a client while gaining a competitor.

Today's Change

(

7.76

%) $

6.49

Current Price

$

90.02

When Meta announced its news on July 1, CoreWeave shares fell roughly 14% the following trading day.

Meta is reportedly still in the planning stage of setting up cloud infrastructure, so nothing is finalized. But if Zuckerberg's company were to move forward with renting out excess computing capacity, it would likely put even more pressure on the CoreWeave stock price.

Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Goldman Sachs Group, and Meta Platforms. The Motley Fool has a disclosure policy.

Facebook users keep accidentally posting onto Threads — and Threads users love it.

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Senior Correspondent covering technology and culture

Mark Zuckerberg's Meta started Threads three years ago. It now says it's up to 500 million monthly active users. I wonder how many people actually know they're posting there. Basak Gurbuz Derman/Getty Images If there is one standout Threads meme, it's: "This is Richard's wife. He has passed."

It's not a joke from some clever user; it was a real, grieving widow who apparently logged onto her husband's account back in December to announce that he'd died. Somehow, the post got picked up by the Threads algorithm, which showed it to thousands of strangers.

As of Wednesday, it had 18,000 likes and 1,800 comments.

(I reached out to Richard's wife, but didn't hear back. I wish her the best.)

Cross-posts from Instagram and Facebook are all over ThreadsThreads — Meta's answer to X — just celebrated its third anniversary. It's slowly but surely built up a large user base. Meta says it has more than 500 million monthly active users — more than X. That count is certainly helped by Threads' cross-promotion on Instagram and Facebook. Threads posts often appear in the Instagram app, encouraging people to click into them and download or open the separate Threads app. (Meta has said the percentage of daily active users who open the app directly instead of tapping into it from Instagram has grown over time, although they declined to share numbers.)

Aggressively cross-promoting from Instagram and Facebook is a great user-acquisition technique. But there's another side of the coin that has created a strange culture on Threads: the feeling that half the people posting there don't even know what app they're on.

The option to cross-post from Facebook or Instagram is not turned on by default, and on Instagram, the option is buried a little deep in the settings. However, on Facebook, when you create a new post in the mobile app, the option to cross-post to Threads is a simple "On" tap of the Threads @ logo right at the bottom of the post. Once you tap it "On," it stays on for subsequent posts. (You can always turn it off.)

Jocelyn Ramsey, a spokesperson for Meta, told Business Insider that it has recently added more friction to stop people from accidentally cross-posting.

When posting to Facebook, you can turn Threads cross-posting "On" with a single tap.  screenshot It's unclear how much Threads content is cross-posted; Meta doesn't say. In my experience, the vast majority of posts I see on Threads are from engaged users who know where they are and are generally enjoying themselves.

But if I scroll a little, I almost always see at least a few posts that seem to be from someone who doesn't realize they're cross-posting to Threads. There are little tells like mentioning family members by name.

Because Threads' algorithm is so personalized, it's possible I see these unintended cross-posts more than other people. (I do tend to lurk around on there a lot.) But I can tell from engagement numbers that sometimes these clueless cross-posts go viral — it's not just me seeing them.

Accidental posts have become part of the fabric of Threads culture.

This post that came up in my Threads feed seems to be from a man who thinks he's direct messaging someone else; instead, it got picked up by the Threads algorithm and shown to me.  Threads screengrab The 'gas leak' social networkLess than a year after it launched, Max Read called Threads the "gas-leak social network" because, as he wrote, "Everyone on the platform, including you, seems to be suffering some kind of minor brain damage." At the time, the issue wasn't Instagram or Facebook cross-posting (which wasn't yet enabled); it was that the kinds of people who gravitated to Threads often weren't hardened capital-P Posters, those used to the fast pace and edge of old Twitter and X.

The people posting on Threads seemed like innocent babes, incapable of identifying sarcasm or shitposts. (I found it incredibly easy to ragebait on Threads.)

But now it's not so much the gas leak — it's the platform leak. It's the people — typically older people who are less used to social media — who flipped on the toggle to crosspost and never check the Threads app.

We take for granted that text-mased social networks have all sorts of unspoken rules: Don't post your address. Don't post your phone number. Don't post photos of your grandkids or of kids not fully clothed. That celebrity asking you for a gift card is probably not really the celebrity.

This isn't really a problem on something like Bluesky or even on X, which typically has more experienced users. But Threads has so many Facebook and Instagram users — people with less experience navigating the choppy waters of algorithmic text-based social platforms. This creates a situation where there are Haves who understand social platform dynamics and Have-nots who don't.

And one of the dominant forms of entertainment on Threads is to chuckle at the Have-nots.

As someone who understands how Threads works, I admit I've enjoyed the people-watching aspect of seeing the platform leak. But I have to imagine this is a terrible experience for the people caught in the crosshairs.

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Katie Notopoulos You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Katie Notopoulos is a senior correspondent at Business Insider who writes about technology, business, and culture. She covers topics such as internet culture, Big Tech, retail, AI, parenting in the digital age, and personal tech.Previously, Katie was a tech reporter at BuzzFeed News and has written for The Atlantic, The New York Times, Fast Company, and MIT Technology Review. Based in New York, you can reach her by email [email protected] or find her on Twitter. Bluesky, and Threads @katienotopoulos.Some of her stories include:

Google AI said to put glue in pizza — so I made a pizza with glue and ate itThe Zuckermoon is overGen Z doesn't want to say "hello" when answering the phone. I'm concerned. Wait, is Walmart cool now?Mark Zuckerberg has created the saddest place on the internet with Meta AI's public feedHow Instagram got its mojo backAm I the JD Vance of my group chat?We need to talk about whatever's happening with Starbucks' drinksThis chart shows a key reason why millennial parents are miserableIt's not just you. Eggshells really are chipping more. Meta Instagram Facebook More Social Media

Meta's AI expansion is heading north of the border.

The company said in a blog post on Wednesday that it's building its first data center in Canada, a 1 gigawatt facility in the province of Alberta that will cost Meta about $9 billion and take two to three years to construct. It's Meta's 33rd data center overall and the latest in the company's effort to rapidly build out to meet demand for artificial intelligence infrastructure and services.

Alberta, on the western side of Canada, represents an attractive spot for development due the province's hefty amount of available energy and friendly regulatory environment. The location for the site, in Sturgeon County, has long been zoned for industrial use and is in an area with the capacity for additional energy infrastructure.

"This specific location met the factors we typically look for: good access to infrastructure, a robust electric grid and access to energy, a strong pool of talent, and a great set of community partners that helped us move this project forward," a Meta spokesperson said in a statement.

While Meta continues its aggressive AI buildout, the company is simultaneously planning a new cloud computing business that could involve selling excess capacity to third parties or offering access to AI models hosted within its infrastructure. Investors have been skeptical of Meta's forecast for up to $145 billion on capital expenditures this year as the company has fallen far behind AI model leaders OpenAI, Anthropic and Google, and hasn't shown a clear path to revenue outside of online ads.

Meta's stock is down about 9% this year while the Nasdaq is up 11%.

Meta is racing to stand up AI facilities as it competes with hyperscalers Alphabet, Microsoft and Amazon, which all have flourishing cloud infrastructure businesses.

There are also concerns for local communities. A report in June from the Canadian Broadcasting Corp. highlighted environmental issues like emissions, water consumption and noise from big data centers.

Meta said it worked with various energy firms in Canada, including Greenlight Limited Partnership, Altalink, Capitol Power and the Alberta Electric System Operator, "to plan for and meet our energy needs years in advance of this data center coming online."

The company said the project will support over 3,000 construction workers at its peak, and will involve investments in local infrastructure and funding to local nonprofits.

WATCH: AI investing structure is creating a humongous bubble.

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Alphabet (GOOGL) has taken a step back recently, says Dave Alison, but you need to zoom out to see how strong the company has become when it comes to its stock and balance sheet. He'll have his eyes on earnings and ways the Mag 7 giant will expand its AI capabilities, especially through cloud and Google Gemini.

REDMOND, Wash., July 8, 2026 /PRNewswire/ -- Microsoft Corp. will publish fiscal year 2026 fourth-quarter financial results after the close of the market on Wednesday, July 29, 2026, on the Microsoft Investor Relations website at https://www.microsoft.com/en-us/Investor/. A live webcast of the earnings conference call will be made available at 2:30 p.m. Pacific Time.

Microsoft (Nasdaq "MSFT" @microsoft) creates platforms and tools powered by AI to deliver innovative solutions that meet the evolving needs of our customers. The technology company is committed to making AI available broadly and doing so responsibly, with a mission to empower every person and every organization on the planet to achieve more. 

SOURCE Microsoft Corp.

An analyst recommends investors take advantage of the “enhanced” buying opportunity brought upon by sustained underperformance.

Key Takeaways Visa is expanding beyond cards with account transfers, real-time payments and digital currency capabilities.V grew fiscal Q2 2026 revenues 17%, with value-added services revenues rising 27% to $3.3 billion.Visa Direct, tokenization, open banking and AI fraud tools support its evolving multi-rail network. Visa Inc. (V - Free Report) is steadily expanding beyond its traditional card network into a broader payments platform that supports multiple ways to move money. Along with card payments, the company is expanding its capabilities across account-to-account transfers, real-time payments, cross-border transactions and digital currencies. This strategy allows consumers, businesses and financial institutions to choose the most efficient payment method while remaining connected to Visa's network.

Visa has been strengthening this transformation through several initiatives. It continues to expand Visa Direct, enabling faster domestic and cross-border money transfers for consumers and businesses. It is also investing in tokenization, open banking capabilities, AI-powered fraud prevention and stablecoin settlement to support new payment methods. These efforts are making its network more flexible as digital commerce and payment preferences continue to evolve.

The strategy is also translating into solid financial performance. In fiscal second-quarter 2026, net revenues rose 17% year over year, supported by a 9% increase in payment volume on a constant-dollar basis, healthy cross-border activity and higher processed transactions. Value-added services revenues climbed 27% year over year to $3.3 billion, highlighting the growing contribution of value-added services alongside its core payments business.

As businesses and consumers increasingly seek faster and more flexible ways to move money, Visa's multi-rail network could help deepen customer relationships, expand its role across global payment flows and support sustainable long-term growth. This broader approach also positions Visa to benefit as payment technologies and customer needs continue to evolve.

How Are Visa's Competitors Positioned?Some of Visa's key competitors in the payments space are Mastercard Incorporated (MA - Free Report) and American Express Company (AXP - Free Report) .

Mastercard continues to broaden its payments platform beyond traditional card transactions through real-time payments, bank transfers and blockchain-based payment rails. In the first quarter of 2026, MA's value-added services and solutions revenues increased 22% year over year, highlighting the growing contribution of services alongside its core payments business.

American Express is expanding its digital payments ecosystem through tokenization, digital wallet integrations, commercial payment solutions and AI-driven security. In the first quarter of 2026, AXP's network volumes rose 11% year over year to $486.3 billion, reflecting healthy consumer and commercial spending.

Visa’s Price Performance, Valuation & EstimatesVisa’s shares have risen 0.5% year to date against the industry’s 9.9% decline.

Image Source: Zacks Investment Research

From a valuation standpoint, V trades at a forward price-to-earnings ratio of 24.41, well above the industry average of 18.29. V carries a Value Score of D.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Visa’s fiscal 2026 earnings implies a 14.2% jump from the year-ago period’s level.

Image Source: Zacks Investment Research

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