CoreWeave oznámila novou víceletou spolupráci s Hudson River Trading a rozšíření spolupráce s Rescale v oblasti cloudových služeb pro AI a simulačních úloh.
CoreWeave Inc. (NASDAQ:CRWV) is trending Thursday after a busy stretch that included new partnerships with Hudson River Trading and Rescale.
CoreWeave shares are powering higher. Why are CRWV shares rallying?
The Hudson River Trading PartnershipOn Thursday, Aug. 20, CoreWeave announced a multi-year agreement with Hudson River Trading, one of the world’s leading quantitative trading firms. Under the partnership, HRT will use CoreWeave’s AI cloud platform — including NVIDIA Vera Rubin NVL72 and HGX B200 GPU systems with Spectrum-X Ethernet networking — to power the next generation of its AI-driven trading research and model development.
“As we scale our AI and machine learning research, the AI platform we build on matters as much as the models we build,” said Kevin Lee, Head of Research & Development at HRT. “We chose CoreWeave because they understand what it takes to run AI in demanding production environments, and because we’re confident, they’ll scale alongside us as our ambitions do.”
CoreWeave, Rescale Partner on AI WorkloadsOn Tuesday, CoreWeave announced that Rescale, a digital engineering platform, will expand its cloud ecosystem to CoreWeave Cloud to support AI and simulation workloads for customers across aerospace, automotive, energy, life sciences, and manufacturing. Through integration with CoreWeave Kubernetes Service, Rescale customers will gain access to an AI cloud platform optimized for generative AI and high-performance computing workloads, enabling distributed simulations and AI models without managing underlying infrastructure.
“As Rescale customers move deeper into AI physics and agentic engineering workflows, the compute demands are fundamentally different from traditional simulation,” said John Moonshower, Chief Revenue Officer at Rescale. “CoreWeave’s AI cloud platform is purpose-built for those workloads, and this collaboration ensures engineers on the Rescale platform have the infrastructure to match.”
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CoreWeave Shares Trade HigherCRWV Price Action: At the time of publication, CoreWeave shares are trading 4.65% higher at $92.10, according to data from Benzinga Pro.
Image via Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Neznámá adresa vybrala z OKX 280,8 miliardy SHIB, zatímco Shiba Inu se po víkendovém růstu blíží klíčové technické zóně. SHIB byl za 24 hodin výše o 1,7 %.
An unknown whale address has drawn attention in the Shiba Inu community after withdrawing more than 280 billion SHIB from cryptocurrency exchange OKX during the token’s recent rebound.
According to Arkham data, 280,826,574,058 Shiba Inu moved from an OKX hot wallet to an unlabeled address at 16:38 UTC yesterday. At the time, the tokens were worth $1.56 million.
Although Arkham labels the recipient as an unknown address, on-chain activity suggests that it is connected to Cumberland, a major digital-asset liquidity provider. The wallet initially received funding from Cumberland and has since recorded several transactions involving the firm.
However, the address has not retained the entire withdrawal. After distributing the tokens across several wallets, it now holds 14.29 billion SHIB, worth around $79,030.
SHIB Pulls Back After Strong Weekend Rally The large transfer comes as SHIB gives back part of its recent gains. Shiba Inu climbed above $0.000006 over the weekend and reached a high of $0.000006191 before retreating.
At press time, SHIB was trading around $0.000005507, up 1.7% over 24 hours and 24.73% over the past week. Meanwhile, exchange-flow data is providing another potentially bullish signal. Investors withdrew 137.60 billion SHIB from exchanges over the previous 24 hours, pushing total exchange reserves below 87 trillion tokens to 86.98 trillion SHIB.
Generally, large exchange outflows can reduce the amount of SHIB immediately available for trading and potentially ease selling pressure, with analysts considering the move a bullish signal.
SHIB Approaches Key Technical Decision Point Meanwhile, Shiba Inu is approaching an important technical area. Crypto analyst GainMuse highlighted a wedge formation on the two-hour chart, with support currently controlling the structure.
The setup features eight support levels and seven resistance levels, pointing to a closely contested market. Therefore, SHIB’s next reaction around the nearest technical level could determine its short-term direction.
A decisive breakout above resistance could strengthen the recent bullish momentum and pave the way for further gains. Conversely, a rejection at resistance followed by a breakdown below support could expose SHIB to deeper losses, with $0.000005 and $0.0000048 emerging as potential downside targets.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Kraken dočasně omezil účty po téměř 12 000 nevyžádaných převodech krypta mezi 17. a 24. srpnem a označil je za dust attack. Později přístup obnovil, ale sporné prostředky drží odděleně od zůstatků klientů.
TLDR Kraken temporarily restricted customer accounts after nearly 12,000 unsolicited crypto transfers hit its platform between August 17 and 24. Arkham Intelligence linked the sending wallet to HTX, but the exchange denied any involvement. Kraken called the activity a dust attack meant to spread sanctioned funds across unrelated accounts. The EU added HTX’s Huobi Global entity to its transaction ban list on August 23, 2026. Kraken restored account access but kept the disputed funds separate from customer balances. Kraken temporarily restricted a group of customer accounts this week after an unusual wave of small crypto transfers reached its platform. Bloomberg first reported the story on August 25, citing data on nearly 12,000 transactions.
The transfers arrived between August 17 and August 24. Most were worth only a few cents or a few dollars each.
Kraken described the activity as a dust attack. In this case, the goal appeared to be spreading sanctioned funds across many unrelated accounts rather than tracking wallet owners, which is the usual purpose of dust attacks.
What Happened to the Affected Accounts Kraken restricted the accounts that received the transfers while it reviewed the situation. The exchange later restored access to those accounts once the reviews were complete.
However, Kraken kept the disputed funds separate from customer balances. The company said this was because the funds were tied to wallets connected to sanctioned entities.
A spokesperson for Kraken said the transfers appeared to come from wallets owned by HTX. The spokesperson added that the funds seemed linked to sanctions imposed by the UK and the EU.
Kraken did not say how many accounts were affected. The company also did not share the total value of the funds it is holding separately.
Blockchain analytics firm Arkham Intelligence labeled the sending wallet as connected to HTX. This label was based on addresses that HTX had used in past proof of reserves reports.
That label does not confirm that HTX controlled the wallet or directed the transfers. It only shows a past connection between the address and the exchange.
HTX Denies Sending the Funds HTX pushed back on the claim. A spokesperson said the exchange did not send the transfers and is now looking into what happened.
HTX said it is checking whether the mislabeling came from an error, a misunderstanding, or the actions of a third party. The exchange has not shared full wallet records to support its explanation.
Other exchanges reportedly saw similar small transfers before Kraken’s issue became public. Coinbase and Binance were both named as recipients of comparable transactions.
The timing lines up with recent sanctions activity. The UK named Huobi Global S.A., tied to HTX, as a sanctioned entity back in May.
The EU followed with its own restrictions on HTX starting August 23. That rule bans certain crypto firms from processing transactions linked to the exchange.
HTX has argued that Huobi Global S.A. is a separate legal entity from its main trading platform. The exchange says the sanctions should not apply to its full operations.
Researchers at TRM Labs said HTX changed wallets several times after the UK sanctions took effect. HTX called this normal security practice, not an attempt to avoid the rules.
Crypto exchanges generally cannot block incoming transfers before they are screened. This means unwanted funds can land in a customer account without that person doing anything.
Stablecoin issuers like Tether have more control since they can freeze tokens directly. Tether froze more than 500 million dollars across 370 addresses during one recent 30 day period.
Kraken and HTX have not announced a joint investigation. Any further update would likely need clear wallet evidence or a statement from sanctions regulators in the UK or EU.
Americká vláda přesunula malé množství bitcoinu zabaveného z účtů Alameda Research na Binance.US před třemi lety. Arkham transakci zachytil, ale nepotvrdil prodej.
The U.S. government has transferred a small amount of Bitcoin seized from Alameda Research’s Binance.US accounts three years ago, renewing attention on how federal agencies will handle the remaining assets.
Summary
The transferred Bitcoin came from Alameda-linked accounts seized from Binance.US three years ago. Arkham reported the transaction but did not identify it as a sale. Earlier Alameda-linked transfers sent nearly $2.9 million in seized crypto through government-controlled wallets. Federal rules generally restrict sales of Bitcoin placed in the U.S. Strategic Bitcoin Reserve. Arkham Intelligence reported the transaction on Aug. 26, describing the amount as small and tracing the Bitcoin to Alameda accounts on Binance.US that U.S. authorities seized three years earlier.
The blockchain analytics firm did not publish the amount in its indexed post or identify the receiving address. Arkham also did not say that officials had sold the Bitcoin, leaving the transaction’s purpose unconfirmed.
“The US Government just moved a small amount of Bitcoin that had been seized from Alameda accounts on Binance US, 3 years ago,” Arkham said.
Arkham then asked whether the government would begin liquidating the remaining Bitcoin connected to Alameda. The question was not tied to an announcement from the Department of Justice, the Treasury Department, or another federal agency.
The Bitcoin transfer does not confirm a sale Moving Bitcoin between addresses records a change in custody or location on the blockchain, but the transaction alone does not show whether the asset has been sold. A transfer to another government wallet may involve custody, accounting, or security management, while movement to an exchange can make a future sale possible without proving one occurred.
The destination is especially important because federal agencies have regularly used Coinbase Prime to store and manage seized digital assets. Coinbase’s institutional platform offers both custody and trading services, meaning a deposit there can support several purposes.
In July, U.S. government-linked wallets transferred nearly $297 million in seized Bitcoin and Ether to Coinbase Prime. The transaction included about 3,940 BTC and 30,014 ETH tied to separate enforcement cases, according to earlier transaction coverage.
Bitcoin connected to Ryan Farace, an online drug dealer known as “Xanaxman,” and the closed BTC-e exchange formed part of the July transfer. Ether linked to a separate money laundering case also moved to Coinbase Prime.
No public blockchain record can show whether an exchange deposit resulted in an executed trade unless additional evidence reveals a conversion or movement of the sale proceeds. The same limitation applies to the latest Alameda-linked Bitcoin transaction.
Alameda assets have moved several times in 2026 Federal wallets have processed other seized assets tied to Alameda and FTX during 2026, providing a record of how authorities have handled smaller token holdings.
In May, Arkham said the government moved about $1.89 million in Render, Uniswap, The Sandbox, Mask Network, and Axie Infinity tokens to Coinbase Prime. The analytics firm traced the tokens to approximately $13 million in Alameda assets seized from Binance accounts more than three years earlier.
Another transaction followed in June, when government-controlled wallets transferred nearly $984,000 in FTX- and Alameda-linked cryptocurrency. At least $768,000 of the total went to Coinbase Prime, as crypto.news reported at the time.
Arkham said the June assets would go to the FTX estate to help repay creditors. The transaction included Chainlink and several smaller tokens, while the remaining amount moved through addresses connected to the same seized asset group.
Federal wallets had also moved more than $33 million in Alameda-linked cryptocurrency in December 2024. According to an Arkham report, the batch included about $18 million in Ether, $13 million in BUSD, and smaller amounts of Wrapped Bitcoin, Shiba Inu, and Axie Infinity.
Arkham said the 2024 assets moved to a newly created address and noted that no official purpose had been announced. The firm presented creditor distributions, wallet consolidation, and asset management as possible explanations rather than confirmed reasons for the transfers.
U.S. reserve rules limit some Bitcoin sales President Donald Trump’s March 2025 executive order established the Strategic Bitcoin Reserve and directed the Treasury Department to fund it with Bitcoin finally forfeited through criminal or civil proceedings.
Under the order, Bitcoin deposited into the reserve cannot be sold and must remain a U.S. reserve asset. A recent Bitcoin reserve explainer estimated that the federal government held approximately 198,000 BTC as of mid-2026, although public trackers produce different totals based on the addresses and legal categories they include.
The White House order does not place every seized coin under an absolute ban on disposal. It allows agencies to return assets to verified victims, comply with court orders, support law enforcement operations, and meet requirements under federal forfeiture laws.
Legal status, therefore, determines how a particular holding can be handled. Bitcoin that has been finally forfeited and transferred into the reserve receives different treatment from property still involved in a court case, creditor recovery process, or victim compensation plan.
The White House also created a U.S. Digital Asset Stockpile for forfeited assets other than Bitcoin. Treasury has more room to manage or sell tokens held in the stockpile, while the order gives Bitcoin placed in the reserve a general no-sale policy.
No federal agency has said whether the Bitcoin moved on Aug. 26 had entered the reserve, remained assigned to the FTX recovery process, or fell under one of the order’s exceptions.
FTX creditors remain tied to the seized assets Alameda Research operated as the trading firm associated with FTX before the exchange collapsed in November 2022. Federal prosecutors later said FTX founder Sam Bankman-Fried used customer deposits to finance Alameda’s operations, investments and loan repayments.
The Justice Department said Bankman-Fried misappropriated billions of dollars deposited by FTX customers and gave Alameda access to the funds. A federal jury convicted him in November 2023 on seven counts, including wire fraud, securities fraud conspiracy, commodities fraud conspiracy, and money laundering conspiracy.
In March 2024, U.S. District Judge Lewis Kaplan sentenced Bankman-Fried to 25 years in prison. The Justice Department said the sentence included forfeiture of more than $11 billion, while prosecutors placed FTX customer losses at more than $8 billion.
For the quarter ended July 2026, Build-A-Bear (BBW - Free Report) reported revenue of $115.29 million, down 7.2% over the same period last year. EPS came in at $0.70, compared to $0.94 in the year-ago quarter.
The reported revenue represents a surprise of -5.23% over the Zacks Consensus Estimate of $121.66 million. With the consensus EPS estimate being $0.70, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Build-A-Bear performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- International Franchising: $0.66 million compared to the $1.05 million average estimate based on two analysts. The reported number represents a change of -32.8% year over year.Revenues- Commercial: $8.09 million versus $10.47 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -6.3% change.Revenues- Net retail sales: $106.54 million compared to the $109.48 million average estimate based on two analysts. The reported number represents a change of -7.1% year over year.View all Key Company Metrics for Build-A-Bear here>>>
Shares of Build-A-Bear have returned +10.1% over the past month versus the Zacks S&P 500 composite's +3.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Build-A-Bear snížil výhled tržeb na fiskální rok 2026 na 500 až 525 milionů USD a akcie ve čtvrtek spadly o 27,3 % na rekordní denní propad. Firma zároveň ukončila smlouvu s chief growth officerem Davidem Hendersonem.
Shares of Build-A-Bear Workshop (BBW.N) plunged 27.3% on Thursday in their biggest daily percentage drop ever after the retailer of customized stuffed animals reduced its revenue outlook for the second time this year and fired its chief growth officer.
The stock finished at $28.44 and hit its lowest level in about two years. Including the session move, the stock is down 54% for the year so far.
On an earnings call following its results, Build-A-Bear said it was unable to renew a multimillion-dollar partnership with Walmart (WMT.O), and that other wholesale opportunities are progressing slower than expected.
The company lowered its fiscal 2026 revenue outlook to a range of $500 million to $525 million from its previous guidance of $530 million to $550 million.
"The updated outlook is below consensus on all line items and now bakes in weaker back half profitability as we think BBW still faces some incremental tariff cost pressure," D.A. Davidson & Co analysts, who have a "buy" rating on the stock, wrote in a note following the results.
Build-A-Bear said its fiscal year outlook reflects $10 million to $11 million of ongoing tariffs and related costs.
The company also terminated the employment of Chief Growth Officer David Henderson, without cause, effective Wednesday.
The retailer had already cut its full-year revenue forecast in May, citing softer traffic at its stores. It announced in March that its longtime CEO Sharon Price John would retire in June and be succeeded by Chris Hurt, who at the time was the company's chief operations and experience officer.
Navitas Semiconductor oznámila dohodu o koupi Claros za až 232,8 milionu USD, což má více než zdvojnásobit její adresovatelný trh na více než 8 miliard USD. Akcie v úterý vzrostly.
Shares of Navitas Semiconductor (NVTS -8.15%) rose on Tuesday after the designer of next-generation power chips struck a deal to acquire Claros, a provider of innovative energy management solutions for artificial intelligence (AI) data centers.
Image source: Getty Images.
Terms of the deal Navitas is offering to purchase Claros for up to $232.8 million, with $216 million paid at closing in cash and stock, and the remainder paid if certain business milestones are achieved.
Premium Feature
Moneyball Superscore
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-8.15
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Breaking through the power wall The most advanced AI chips are so powerful that traditional energy delivery systems can't keep up. These ultra-high-performance chips require massive amounts of electricity and near-instant response times.
"The future of AI depends on delivering thousands of amps to increasingly power-hungry processors with unprecedented speed and precision," Navitas CEO Chris Allexandre said.
Claros stacks multiple power technologies into a single, compact package and places it closer to AI chips. In turn, the power they require needs to travel only millimeters instead of inches.
That might not sound like much of a difference, but it's enough to slash response times and heat production, while boosting efficiency and power density, thereby significantly reducing the costs of operating an AI data center.
Navitas estimates that acquiring Claros will more than double its addressable market to over $8 billion. The deal is projected to close by the end of the year, subject to regulatory approval.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Navitas Semiconductor za poslední měsíc přidala asi 24,3 % po výsledcích, které splnily odhady, a tržby 10,5 milionu USD je překonaly. Firma zároveň čeká ve 3. čtvrtletí tržby 13 až 14 milionů USD.
It has been about a month since the last earnings report for Navitas Semiconductor Corporation (NVTS - Free Report) . Shares have added about 24.3% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Navitas Semiconductor due for a pullback? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent drivers for Navitas Semiconductor Corporation before we dive into how investors and analysts have reacted as of late.
NVTS Q2 Earnings Meet Estimates, Revenues Beat on High-Power GrowthNavitas Semiconductor reported second-quarter 2026 non-GAAP loss of 4 cents per share, in line with the Zacks Consensus Estimate. The figure was narrower than the year-ago quarter’s loss of 5 cents.
Navitas Semiconductor’s second-quarter 2026 revenues of $10.5 million declined 27.3% year over year but beat the consensus estimate by 5.8%. The top line increased 22% sequentially as revenues from high-power markets grew more than 50% year over year. Management also highlighted an expanding backlog and record book-to-bill, reflecting stronger demand across AI data centers and grid and energy infrastructure.
NVTS Builds Momentum in High-Power MarketsHigh-power products accounted for the majority of second-quarter revenues, while mobile and low-end consumer sales declined both sequentially and year over year. Both gallium nitride, or GaN, and silicon carbide, or SiC, contributed to the sequential improvement.
The company expects mobile and low-end consumer revenues to become insignificant by year-end. AI infrastructure, which combines data centers with grid and energy infrastructure, is projected to represent more than one-third of fourth-quarter sales.
NVTS Targets Multiple AI Power InflectionsThe first growth phase is already underway as higher rack power and density requirements drive silicon-to-SiC replacement in AC/DC power supply units. Management expects this trend to accelerate in the second half of 2026 and the first half of 2027.
A second phase is expected around mid-2027 as power shelves and battery backup units move into 800-volt sidecar racks. Native 800-volt power delivery to compute trays should follow, increasing GaN content near GPUs and other processors, while solid-state transformers could expand ultra-high-voltage SiC and GaN opportunities from 2028.
Navitas Improves Mix and Gross MarginNon-GAAP gross margin expanded 50 basis points sequentially and 100 basis points year over year to 39.5%. The improvement reflected a greater contribution from higher-value high-power products and better scale.
Non-GAAP operating expenses were $15.5 million, down from $16.1 million a year earlier. The company recorded a non-GAAP operating loss of $11.4 million compared with a loss of $11.7 million in the prior quarter and $10.6 million in the year-ago period.
NVTS Strengthens Liquidity Ahead of GrowthNavitas ended the first quarter of 2026 with $557 million in cash and cash equivalents, up from $221 million at the end of the first quarter, primarily due to approximately $373 million of capital raised during the period. Navitas remained debt-free.
Inventory increased to $19.5 million from $14.9 million as the company began building TSMC wafer buffers. Prepaid expenses and other current assets also rose by roughly $15 million, reflecting planned wafer purchases to support expected AI data center demand and the transition to U.S.-based GaN manufacturing.
NVTS’ Outlook Calls for Continued Sequential Growth in Q3For the third quarter of 2026, Navitas expects revenues of $13 million to $14 million. The $13.5 million midpoint implies 28% sequential growth and a return to year-over-year expansion. The Zacks Consensus Estimate for revenues is currently pegged at $11.38 million, indicating a 12.5% increase from the year-ago reported quarter.
Non-GAAP gross margin is projected at 38.7% to 40.7%. Non-GAAP operating expenses are expected between $15.5 million and $17.5 million as the company increases spending on product development, customer support and supply-chain readiness.
How Have Estimates Been Moving Since Then?It turns out, estimates review have trended upward during the past month.
The consensus estimate has shifted 25% due to these changes.
VGM ScoresAt this time, Navitas Semiconductor has a poor Growth Score of F, however its Momentum Score is doing a lot better with a C. However, the stock was allocated a grade of F on the value side, putting it in the bottom 20% quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of this revision looks promising. It comes with little surprise Navitas Semiconductor has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Kohl's (KSS.N) on Wednesday missed Wall Street estimates for second-quarter sales as muted spending on women's clothing and skincare products offset gains from the department-store chain's push to revitalize the business.
The company's shares, which had already fallen about 13% so far this year, dipped in volatile morning trading before paring back losses.
Despite growth in categories including home goods and youth apparel, CEO Michael Bender said that "we know there is more work to be done" to attract cash-strapped shoppers.
"We are operating in a challenging macroeconomic environment where our customers are experiencing persistent financial pressures from inflation in their everyday expenses like gas and food," Bender said in a post-earnings call. "We're bringing value everywhere we can."
Average transaction values declined slightly in the second quarter as low- and middle-income shoppers seek bargains, the company said.
U.S. consumer sentiment deteriorated in August and retail sales fell for the first time in nine months in July, underscoring an increasingly "selective" shopping trend among middle- and lower-income households, even as wealthier shoppers remain resilient.
Consumer caution around non-essential purchases has hurt retailers from Kohl's to off-price store operators like TJX (TJX.N).
Kohl's named Bender permanent CEO last November to boost the business after years of shrinking profit and loss of ground to Amazon and off-price competitors, including Ross Stores (ROST.O).
The retailer reported quarterly revenue of $3.32 billion, compared with analysts' estimate of $3.35 billion, according to data compiled by LSEG.
Its comparable sales fell 0.9% after dropping 4.2% a year ago.
"The fact that comparable sales remain in decline – the eighteenth consecutive quarter when they have dipped – does not convince us that Kohl's is a business in full recovery," said Neil Saunders, managing director of GlobalData, adding that Kohl's is still losing market share across major categories.
Kohl's, however, raised its annual profit forecast after benefiting from $150 million in tariff refunds received during the reported quarter and also said it would resume its roughly $100 million share repurchase program this year.
FOCUS ON BACK-TO-SCHOOL
Kohl's started offering its fall products in July to capitalize on back-to-school shopping, Bender said.
The company said it plans to stick with its strategy of bringing seasonal inventory to shelves earlier than usual through the holiday season.
Bender pointed to the under-$25 back-to-school assortment as an example of Kohl's focus on value.
Still, while Kohl's has improved its value appeal ahead of the school year, the department store chain has not yet established itself as a top-of-mind destination for parents, said Saunders of GlobalData.
Improvement in categories such as footwear and home goods is "still not delivering positive trends in the business overall," Goldman Sachs analyst Brooke Roach said in a research note.
The company's quarterly gross margin grew 305 basis points from last year to 43%, helped by tariff refunds.
Kohl's has also been targeting value-conscious shoppers by investing in its proprietary brands and adding more coupon-eligible labels, among other measures.
It expects fiscal-year 2026 adjusted earnings of $1.80 to $2.40 per share, above its prior forecast of $1.00 to $1.60 per share.
The company expects growth in annual net sales to be flat to a 1.5% fall, compared with its previous range of flat or a 2% decline.
Kohl's vykázal EPS 1,28 USD, což výrazně překonalo odhad 0,55 USD a bylo více než před rokem (0,56 USD). Tržby ve výši 3,52 mld. USD ale mírně zaostaly za očekáváním.
Kohl's (KSS - Free Report) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +132.73%. A quarter ago, it was expected that this department store operator would post a loss of $0.18 per share when it actually produced a loss of $0.13, delivering a surprise of +27.78%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Kohl's, which belongs to the Zacks Retail - Regional Department Stores industry, posted revenues of $3.52 billion for the quarter ended July 2026, missing the Zacks Consensus Estimate by 0.02%. This compares to year-ago revenues of $3.55 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Kohl's shares have lost about 13.4% since the beginning of the year versus the S&P 500's gain of 12.2%.
What's Next for Kohl's?While Kohl's has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Kohl's was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.05 on $3.54 billion in revenues for the coming quarter and $1.38 on $15.38 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Regional Department Stores is currently in the top 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Macy's (M - Free Report) , is yet to report results for the quarter ended July 2026. The results are expected to be released on September 10.
This department store operator is expected to post quarterly earnings of $0.37 per share in its upcoming report, which represents a year-over-year change of -9.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Macy's' revenues are expected to be $4.82 billion, up 0.2% from the year-ago quarter.
Kohl’s i přes zvýšený výhled klesá o 6 % před otevřením trhu, protože zisk byl podpořen jednorázovým vrácením cel ve výši 150 milionů USD. Tržby klesly o 0,9 % na 3,3 miliardy USD a srovnatelné tržby také o 0,9 %.
Kohl's posted a blowout earnings beat and raised its full-year outlook, yet shares are cratering while rivals Ross and TJX barely flinch. The reason buried inside the margin numbers may explain why investors are refusing to celebrate.
Kohl’s (NYSE:KSS | KSS Price Prediction) is delivering a strong-on-paper quarter Wednesday. Yet, investors are treating the report as a warning that the profit beat leans heavily on a one-time tariff refund rather than a durable rebound in demand.
The State Street SPDR S&P Retail ETF (NYSEARCA:XRT) is up 0.1% to $87.99, holding steady as the sector digests a wave of tariff-refund quarters. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 0.1% to $764.94, isolating today’s action to a single-name story.
Kohl’s stock is down 6% to $16.65 in early Wednesday trading, extending a slide that had left shares down 12% year to date through Tuesday’s close. Meanwhile, Ross Stores (NASDAQ:ROST) stock is up 0.1% to $241.50 after its own tariff-boosted quarter last week. TJX Companies (NYSE:TJX) stock is down 0.5% to $138.80, while Macy’s (NYSE:M) stock is flat at $22.60.
Tariff Refund Powered the Margin Beat Kohl’s reported adjusted diluted EPS of $1.28 against a $0.57 consensus, on revenue of $3.52 billion that ran ahead of the $3.4 billion expected. The company’s gross margin expanded 305 basis points to 43%, and operating income rose to $261 million. The heart of the story sits inside those margin numbers. Kohl’s disclosed $150 million of tariff refunds in the quarter, of which $100 million flowed through gross margin. Strip that benefit out, and much of the margin expansion goes with it. Kohl’s net sales decreased 0.9% to $3.3 billion, with comparable sales also down 0.9%. CEO Michael Bender stated, “Our second quarter results reflect the ongoing progress against our initiatives, leading to another improvement in our comparable sales trend.” The reaction in Kohl’s stock suggests investors want to see that trend hit positive before crediting the company for a turnaround.
Peer Comps Show What Kohl’s Is Missing Ross Stores reported comparable store sales up 10%, its second consecutive quarter of double-digit comp growth, on revenue of $6.26 billion and adjusted EPS of $2.66 versus a $1.94 consensus. The chain also received $253 million in tariff refunds worth $0.60 per share. However, Ross Stores’ operating margin expanded 205 basis points even excluding that benefit.
TJX posted a 4% consolidated comp increase, led by HomeGoods and TJX International each up 7% and TJX Canada up 6%. The company raised full-year adjusted EPS guidance to $5.15 to $5.20 and lifted its long-term global store target to 7,500 stores. Its $331 million of tariff refunds is broken out separately from adjusted results.
Macy’s most recent quarter delivered 3% comparable sales growth across all three nameplates, with Bloomingdale’s up 10.2%. Every peer in this cohort produced organic comp growth. Kohl’s did not.
Raised Outlook and Buyback Restart Kohl’s raised its full-year 2026 guidance, now calling for net sales and comparable sales down 1.5% to flat, adjusted operating margin of 3.5% to 4%, and adjusted diluted EPS of $1.80 to $2.40. Capital expenditures are pegged at $350 million to $400 million.
The retailer is restarting share repurchases of up to $100 million in 2026 under an existing $3 billion authorization, and declared a $0.125 quarterly dividend on August 18, payable September 23 to shareholders of record September 9. Kohl’s cash and equivalents climbed to $821 million against $174 million a year earlier.
The balance sheet is real and improving. The demand picture still looks fragile. Investors appear to be pricing the second half of that story more heavily than the first.
What to Watch Kohl’s is hosting its Q2 2026 earnings conference call starting at 9:00 a.m. ET today, and management commentary on traffic, promotional cadence, and future tariff-refund timing could shift sentiment before the close. The retail ETF’s near-flat action argues that today’s decline is a verdict on Kohl’s execution rather than a sector event.
Traders may want to keep an eye on whether Kohl’s guide can hold without repeat refund tailwinds through the back half. Given the reliance on one-time items and continued negative comps, moderate position sizing looks appropriate for their exposure until organic comp growth appears.
Contact [email protected] for any questions or corrections.
Kohl's zvýšil celoroční upravený zisk na akcii na 1,80 až 2,40 USD z 1,00 až 1,60 USD. Srovnatelné tržby ale dál klesají a vedení letos čeká vývoj od stagnace po pokles o 1,5 %.
Key Takeaways Kohl's trades below several benchmarks as management raised adjusted EPS guidance to $1.80-$2.40. Comparable sales fell 1.1% in Q1 and 0.9% in Q2, with full-year guidance from flat to down 1.5%. Cash rose to $821M as debt fell, but current-year earnings estimates dropped 7.6% over four weeks. Kohl's Corporation (KSS - Free Report) offers investors a clear trade-off. Valuation remains inexpensive against several benchmarks, while management has raised its earnings outlook and strengthened liquidity.
Comparable sales remain negative and recent earnings-estimate revisions have moved lower, leaving the second half as a key test for the recovery.
KSS Looks Cheap Against Several BenchmarksKSS has a forward 12-month price-to-earnings ratio of 12.85, below 13.74 for its Zacks sub-industry, 22.81 for the broader Zacks sector and 20.37 for the S&P 500. The discount gives the stock a clear relative-value argument.
Kohl's also carries a current-fiscal-year P/E of 8.97, a PEG ratio of 0.59 and a price-to-book ratio of 0.49. Still, the forward multiple sits above the stock's five-year median of 10.1, tempering the historical value case.
Kohl's Earnings Outlook Has Improved SharplyManagement lifted adjusted operating-margin guidance to 3.5%-4% from 2.8%-3.4% and raised adjusted earnings guidance to $1.80-$2.40 per share from $1.00-$1.60. The updated outlook includes the benefit of tariff refunds received in the second quarter.
Cost discipline can add leverage if sales stabilize. Selling, general and administrative expenses declined 1.3% in the first six months, interest expense fell to $126 million from $154 million and quarter-end inventory was down 3% year over year.
KSS Sales Trends Still Argue for CautionNet sales declined 1.2% in the first six months, while comparable sales fell 1.1% in the first quarter and 0.9% in the second. Full-year guidance still calls for net sales and comparable sales to range from flat to down 1.5%.
Macy's, Inc. (M - Free Report) offers a relevant department-store comparison. Macy's comparable sales increased 3% in its first quarter of 2026, and the company raised full-year comparable-sales guidance to 0.5%-1.2%.
Target Corporation (TGT - Free Report) provides a broader retail benchmark. Target's second-quarter comparable sales rose 3.8%, driven by a 3.6% increase in traffic, and it now expects full-year net sales growth around 5%.
Kohl's Balance Sheet Adds Strategic FlexibilityKohl's ended the second quarter with $821 million in cash and cash equivalents, up from $174 million a year earlier. Long-term debt fell to $1.33 billion from $1.52 billion, and revolver borrowings were zero at quarter-end.
Kohl's Corporation Total Long Term Debt (Quarterly)Kohl's plans $350-$400 million of capital expenditures, is maintaining an annual cash dividend of 50 cents per share and is restarting share repurchases of up to $100 million in fiscal 2026. It also repurchased $113 million of debt in the first six months at a $15 million discount.
KSS Estimate Revisions Complicate the Bull CaseProjected earnings growth for the current fiscal year is 23.5%, supporting the earnings-recovery argument. The direction of recent estimate changes is less favorable.
The current-fiscal-year earnings estimate declined 8.5% over the past week and 7.6% over the past four weeks. That contrast keeps the outlook mixed even after management raised its own guidance.
KSS Signals Favor Value Despite Mixed MomentumThe bottom line is that KSS has enough support to keep the buy case alive, but the sales recovery still requires confirmation. Better earnings guidance and liquidity support the case, while negative comparable sales and recent estimate cuts limit conviction.
KSS currently carries a Zacks Rank #1 (Strong Buy), along with a VGM Score of A, Value Score of A, Growth Score of B and Momentum Score of C. The Rank and A/B Style Scores are favorable signals, especially for value and growth, while the C Momentum Score is less supportive. The combination argues for measured optimism rather than treating the recovery as fully established. You can see the complete list of today’s Zacks #1 Rank stocks here.
WBT od WhiteBIT dosáhl nového historického maxima, zatímco Whitechain byl restartován jako Ethereum Layer 2 zaměřený na distribuci. Token se obchoduje poblíž 72,5 USD po zisku asi 30,88 % za týden. Dosáhl ATH 72,21 USD a 24hodinový objem činí 401,76 mil. USD.
WhiteBIT’s native token WBT has reached a new all-time high. The milestone lands during a period of genuine activity across the WhiteBIT ecosystem, including the fourth anniversary of WhiteBIT Coin and the relaunch of Whitechain as a distribution-focused Ethereum Layer 2. The combination of a token record and infrastructure development happening at the same time is worth paying attention to.
WBT’s Record Arrives as Whitechain Enters Its Next Phase Whitechain’s relaunch isn’t a minor update. Moving to an Ethereum Layer 2 model means the network is being rebuilt around scalability and broader blockchain adoption rather than staying in its original form.
Layer 2 networks have become an important part of the Ethereum ecosystem. They allow applications to process activity more efficiently while staying connected to Ethereum’s underlying infrastructure. For WhiteBIT, this transition means Whitechain can support a wider range of future applications and developers while maintaining a real connection to the broader blockchain environment.
WBT sits at the center of this. The token connects exchange activity, blockchain development, and future platform initiatives across WhiteBIT’s expanding infrastructure. As Whitechain evolves, WBT’s role within the ecosystem grows alongside it.
What WBT’s Utility Actually Covers WBT’s utility goes well beyond a simple exchange token. Holders get trading-fee discounts, which reduce the cost of active trading on the platform. Staking opportunities let users earn rewards on held tokens. The referral reward system gives users a way to generate income through network growth. Launchpad access gives WBT holders early entry into new projects listed on the platform.
WBT also functions as the native asset within Whitechain, which means its role expands directly as the Layer 2 network grows. That native asset function is the connection between the token’s exchange utility and the broader blockchain infrastructure WhiteBIT is building.
WhiteBIT Has Been Building Beyond Exchange Services WhiteBIT started as a cryptocurrency exchange. That’s still a core part of what the company does, but it’s no longer the whole picture. The company has expanded into additional areas including blockchain infrastructure, financial products, and technology initiatives.
The Whitechain development is the clearest example of that shift. By building its own blockchain infrastructure, WhiteBIT is creating a foundation for future applications rather than depending entirely on existing networks. That kind of infrastructure investment tends to have a longer payoff horizon, but it also builds something that’s genuinely harder to replicate.
The Ethereum Layer 2 direction also reflects broader industry demand. Blockchain networks that combine scalability with established security foundations are attracting developer attention. WhiteBIT is positioning Whitechain to compete in that environment.
What the All-Time High Means in Context WBT reaching a new record during a period of infrastructure expansion reflects more than just market sentiment. The token has been accumulating utility across a growing ecosystem, and Whitechain’s relaunch adds another layer to that structure.
The fourth anniversary of WhiteBIT Coin also matters here. Four years of ecosystem development don’t happen overnight. The token’s evolution from a straightforward exchange utility asset to a core component of a broader blockchain ecosystem reflects consistent work rather than a single product launch.
WhiteBIT continues building blockchain capabilities and developing products around digital asset adoption. The WBT all-time high marks where that work stands right now.
What’s Ahead for WBT Token WBT is trading near $72.5 after gaining approximately 30.88% over the week. The token broke above the $55 to $60 resistance zone with strong volume, reaching an ATH of $72.21. Current resistance sits at $72 to $75, followed by the psychological $80 level. Key support levels are located around $60 to $62, with stronger support near $54 to $56. The $401.76M 24-hour volume suggests strong market participation behind the breakout.
tZERO se strategicky propojí se sítí Sui a přidá podporu pro vydávání, transfer agency, úschovu, obchodování, compliance i vypořádání regulovaných digitálních aktiv. Partnerství má otevřít Sui institucionální tržní infrastrukturu v USA.
Grand Cayman, Cayman Islands, August 25th, 2026, FinanceWire
The integration will bring established, regulated market infrastructure to Sui that unlocks support for institutions and issuers, while also opening access for tZERO to the chain’s deep pool of builders and developers
tZERO Group, Inc., a leader in blockchain-based financial infrastructure, today announced a strategic partnership to integrate directly with the Sui blockchain, unlocking support for issuance, transfer agency, custody, trading, compliance and settlement for regulated digital assets security trading. The integration will expand Sui’s access to institutionally compliant U.S. market infrastructure aimed at building for tokenized markets, and will bring Sui’s deep pool of builders and developers into the tZERO ecosystem.
The announcement brings full integration into tZERO’s U.S.-regulated trading, custody, and issuance framework for the Sui blockchain, providing direct support for institutional-grade tokenization projects and initiatives for projects currently building on the network.
Mustafa Al Niama, Head of Capital Markets at Mysten Labs and former Americas Head of Digital Assets at Goldman Sachs, commented: “Institutional adoption of tokenized assets depends on infrastructure that bridges blockchain innovation with regulatory frameworks. tZERO’s expansion to Sui gives issuers and developers access to regulated issuance, custody, and trading capabilities designed to support that transition, while also taking advantage of Sui’s unique architecture that is built to support institutional workflows.”
Through the integration, tZERO will gain access to a vast pool of developers, builders, and DeFi projects currently being built on Sui, leveraging the extensive knowledge these teams have in building for the network’s unique object-focused architecture. These builders have years of experience creating projects that take advantage of Sui’s highly performant network with near-instant finality, positioning them well to build on infrastructure designed to service institutional needs.
“Sui’s object-centric architecture offers a unique approach to regulated digital assets by making assets and their permissions programmable,” said Alan Konevsky, Chairman and Chief Executive Officer of tZERO. “Combined with Sui’s performance, that design creates a strong foundation for the development of next generation regulated financial applications onchain.“
tZERO brings more than 12 years of operational experience in U.S. market compliance and infrastructure development, and is recognized by the SEC with multiple registrations. tZERO is also an active member of FINRA, and has years of experience bridging crypto-native projects into regulated U.S. market applications.
The partnership signals strong continued momentum towards the development of shared blockchain based infrastructure, goals shared by both tZERO and Sui, and directly expands access to support for digital asset securities issued onchain.
For more information about Sui, please visit: https://www.sui.io/.
For more information about tZERO, please visit: https://www.tzero.com/.
About Sui
Sui, where money moves as freely as messages, is a next-generation Layer 1 blockchain built for scalable finance and global payments. Founded by the core team behind Meta’s stablecoin initiative and powered by an object-centric model, Sui makes assets, permissions, and user data programmable and ownable. Sui’s primitives offer builders everything they need to create high-performance payments and financial applications, including instant agentic payments. Learn more at sui.io.
About tZERO Group, Inc.
tZERO Group, Inc. (tZERO) and its broker-dealer subsidiaries provide an innovative liquidity platform for private companies and assets. We offer institutional-grade solutions for issuers looking to digitize their capital table through blockchain technology, and make such equity available for trading on an alternative trading system. tZERO, through its broker-dealer subsidiaries, democratizes access to private assets by providing a simple, automated, and efficient trading venue to broker-dealers, institutions, and investors. All technology services are offered through tZERO Technologies, LLC. For more information, please visit our website.
About tZERO Digital Asset Securities, LLC
tZERO Digital Asset Securities, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. It is the broker-dealer custodian of all digital asset securities offered on tZERO’s online brokerage platform. Digital asset securities may not be “securities” as defined under the Securities Investor Protection Act (SIPA)-and in particular, digital asset securities that are “investment contracts” under the Howey test but are not registered with the Securities and Exchange Commission are excluded from SIPA’s definition of “securities”-and thus the protections afforded to securities customers under SIPA may not apply. More information about tZERO Digital Asset Securities may be found on FINRA’s BrokerCheck.
About tZERO Securities, LLC
tZERO Securities, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. It is the operator of the tZERO Securities ATS. More information about tZERO Securities may be found on FINRA’s BrokerCheck.
About tZERO Transfer Services, LLC
tZERO Transfer Services, LLC is a transfer agent registered with the SEC. More information about tZERO Transfer Services may be found on the SEC’s Edgar: https://www.sec.gov/search-filings.
Forward-Looking Statements by tZERO
This release contains forward-looking statements. In addition, from time to time, tZERO, its subsidiaries, or its representatives may make forward-looking statements orally or in writing. These forward-looking statements are based on expectations and projections about future events, which is derived from currently available information. Such forward-looking statements relate to future events or future performance, including financial performance and projections; growth in revenue and earnings; and business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including, without limitation: the ability of tZERO and its subsidiaries to change the direction; tZERO’s ability to keep pace with new technology and changing market needs; performance of individual transactions; regulatory developments and matters; and competition. These and other factors may cause actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this release and other statements made from time to time by tZERO, its subsidiaries or their respective representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions. tZERO, its subsidiaries, and its representatives are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this release and other statements made from time to time by tZERO, its subsidiaries or its representatives might not occur. This press release is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any security.
Foundation Sui nakoupila 24. srpna 7 600 $SUI a letošní zpětné odkupy už přesáhly 516 800 tokenů v hodnotě přes 600 000 USD. Program běží denně a míří k milionu tokenů.
The @SuiNetwork Foundation's open-market buyback program is gathering pace, with the total number of $SUI tokens repurchased now approaching a significant milestone.
Daily Purchases Stack Up On 24 August, the foundation purchased 7,600 $SUI tokens on the open market. That single day's activity brought the week's running total to roughly 57,500 tokens, and the year-to-date figure has now surpassed 516,800 $SUI, collectively valued at over $600,000.
The program is not a one-off intervention. Purchases are made daily, with proceeds recycled back into the network rather than held as treasury reserves.
Stablecoin Yield Funds the Loop The mechanics behind the program centre on the foundation's USDsui stablecoin strategy.
The design is intended to redirect value that stablecoin issuers would otherwise retain, putting it to work within the Sui ecosystem instead.
Importantly, this is not a burn program.
The scale of the program will ultimately depend on how much yield the stablecoin reserves generate. As USDsui adoption grows, so too could the pace of daily repurchases, pushing the program's cumulative total toward and eventually beyond the one million token mark.
Sources:
Crypto Briefing: Sui turns stablecoin reserves into a token buyback machine
Bitcoinist: Sui's USDsui Model Turns Stablecoin Yield Into Ecosystem Buybacks
AMBCrypto: SUI crypto price holds support as buyback programme gathers pace
KuCoin Web3 Wallet nově podporuje aktiva na Sui mainnetu, takže uživatelé mohou přímo v peněžence držet, posílat i přijímat tokeny na síti Sui. Integrace zahrnuje také přístup k dApps a cross-chain swapům.
KuCoin’s Web3 wallet now supports Sui mainnet assets, giving users the ability to manage tokens on the Move-based layer-1 blockchain directly from the platform’s self-custodial interface.
For Sui, the partnership deepens its relationship with one of the crypto industry’s larger exchange ecosystems. KuCoin first listed SUI for spot trading back in May 2023 and enabled USDC deposits on the Sui network in October 2024. Adding full wallet support is the logical next step, one that moves beyond simple trading pairs into the kind of native asset management that DeFi-oriented users actually want.
What the integration actually does With Sui support live, KuCoin Web3 Wallet users can hold, send, receive, and interact with tokens built on the Sui network without leaving the wallet interface. That includes access to decentralized applications and cross-chain swaps, features the wallet already offers for its other supported networks.
Sui itself is a layer-1 blockchain built on the Move programming language, originally developed at Meta for the now-defunct Diem project. Its architecture uses an object-centric data model rather than the account-based model found in Ethereum. In practical terms, this means the network handles certain types of transactions, particularly those that don’t involve shared state, with notably high throughput.
The blockchain has positioned itself around the idea that “money moves as freely as messages,” a tagline aimed at the scalable finance and global payments use case.
KuCoin’s multi-chain playbook This Sui integration doesn’t exist in a vacuum. KuCoin’s Web3 wallet has been on something of a chain-collecting spree throughout 2025 and into 2026, adding support for networks including Robinhood Chain, 0G, Monad, and HyperEVM.
What this means for the Sui ecosystem That said, wallet integrations alone don’t move markets. There were no immediate signs of price fluctuations or notable trading volume changes in SUI following the announcement.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
AI agents can only create value when someone delegates real work to them, but delegation will be low without trust. Given that organizational and public trust in AI/Agents remains cautious, it’s more important than ever to tackle this issue. As agents take on consequential work like moving money, managing treasuries, and executing smart contracts, they need a platform built on absolute reliability and accountability.
To address this need, Talus has officially deployed the Talus Protocol v2.0 contracts on the Sui Network mainnet. With this release, Talus Agents and the protocol have been upgraded with a wide variety of improvements to establish the production-grade infrastructure needed to create trustworthy AI that handles real value.
Partner projects and developers building with Talus now have the opportunity to upgrade their agents and products to the mainnet in an ecosystem designed to scale. Workflows launched today are backed by protocol-level backward compatibility, meaning future network upgrades don’t break active agents or disrupt live applications as the ecosystem grows.
The Talus team has worked incredibly hard since the launch of v1.0 of Talus Protocol, and today’s upgrade delivers a continuation of the key architecture proposed in the Talus Litepaper, proving that the foundation for a transparent, agent-driven economy is possible.
CEO of Talus, @0xgmike, emphasizes the importance of this step forward:
Protocol v1.0 proved onchain agent coordination was possible and that was never the end-goal. v2.0 is what makes it real with production-grade infrastructure agents that can actually be trusted to run on, with real value on the line.What’s New in Talus Protocol v2.0?The v2.0 release brings together five foundational upgrades designed to turn fragile agent setups into trustworthy digital workers:
This transition to production-grade infrastructure is driven by a comprehensive set of protocol-level upgrades that transform how agents operate, communicate, and scale. In practice, production-grade means providing the deterministic rules, standardized capabilities, and onchain accountability required for agents to safely handle real money and authority.
By introducing the Talus Agent Package (TAP) standard, agents now have a universal format to register distinct identities, offer capabilities, and manage execution payments rather than relying on custom, mix-and-match setups.
To ensure these capabilities are backed by absolute accountability, proof verification authority has been shifted directly onchain, enabling smart contracts to verify every execution rather than trusting centralized offchain servers.
If automations run into roadblocks or a step in the workflow fails, the newly added protocol-wide error handling ensures offchain disruptions no longer leave execution without a clear resolution, instead recording an auditable onchain record so the network always knows how to respond.
Meanwhile, zero-downtime versioning introduces backward compatibility and multi-stage rollouts, allowing underlying data structures and contract logic to evolve continuously without interrupting active workflows or forcing hard-breaking resets.
Finally, a priority fee system introduces a market-driven queuing system, allowing high-stakes or important tasks to jump to the front of the line for execution when real value is on the line, while regular queued tasks continue as normal.
Together, these upgrades establish a trustworthy and resilient environment where autonomous agents can operate safely at scale.
The Foundation for What Comes NextWith Talus Protocol v2.0 live on Mainnet, we have set the rules of engagement: verifiable execution, standardized agent capabilities, and backwards-compatible infrastructure.
This foundation is already powering active workflows for a growing cohort of ecosystem partners and applications who are now starting to deploy their autonomous products directly onto Mainnet.
As we look beyond v2.0, this foundation will allow us to continuously roll out enhancements to Talus Protocol, opening the doors to permissionless node operators, automated slashing for faulty behavior, and deeper crypto-economic incentives.
The agent economy cannot scale without a reliable platform. Today, that platform is live.
Welcome to Talus Protocol v2.0
🌐 Explore the Mainnet Release: https://github.com/Talus-Network/nexus-sdk
DEX Activity Surges Across the Sui EcosystemDecentralized exchanges on @SuiNetwork have recorded a sharp spike in activity, with weekly trading volume reaching $540.77 million, a 258% increase week over week. Perpetuals trading added further weight to the numbers,
The jump is notable given where $SUI has been trading in recent months. The token had drifted as low as $0.66 in June before recovering. At the time of writing, the native token is near $0.78, with chain DeFi TVL sitting at approximately $465 million.
Broader Market Rally Provides a TailwindThe surge in on-chain volume does not exist in isolation. That broader lift has pulled capital and trading activity back toward layer-1 networks including Sui.
That level of fee growth points to genuine user activity rather than bot-driven volume inflation.
Sui has been building its DeFi stack steadily. Those institutional-grade additions give the ecosystem a broader base from which to absorb increased trading demand.
Still, context matters. Whether the volume spike on Sui proves durable or fades once broader risk appetite cools remains to be seen.
Sources:
Sui Chain Data, DefiLlama
AMBCrypto: How High Can Sui Rally After 250% Activity Surge?
Cryptonomist: Sui Crypto Analysis, August 2026
U U.S. spotového SUI ETF trvá 12 týdnů bez čistých odlivů a tři fondy za tu dobu nakoupily 9,3 milionu SUI. Analytici sledují $0,80 jako klíčovou resistance.
Sui, a Layer 1 blockchain project focused on fast smart contract execution and scalable infrastructure, is drawing renewed attention from analysts and investors after a series of bullish technical developments and consistent accumulation via U.S. spot SUI ETFs.
Key support and resistance levelsSUI’s recent price action has centered on the $0.73-$0.76 range, which is supported by a cluster of short- and medium-term moving averages. Resistance is building at $0.80, with analysts highlighting this area as pivotal for the next directional move.
Technical analyst InvestorJordan pointed to a breakout on SUI’s four-hour chart, where the price moved above a descending trendline after testing its 100-period moving average. The analyst noted entry around $0.72 and is eyeing $0.80 as the next decisive confirmation area. Finsends, another analyst, considers the $0.75 region a potential accumulation zone, with a longer-term breakout target set near $1.15.
Sustained trading above $0.80 would mark a more significant technical shift than the initial trendline breakout, as it would clear a prominent horizontal resistance.
On the daily time frame, SUI remains below several longer-term averages. The 100-period simple moving average stands near $0.755, and the 100-period exponential moving average is close to $0.784. As of the latest trading, SUI hovers close to $0.745, directly intersecting this major moving average cluster.
Further resistance persists at the 200-period SMA near $0.859 and the 200-period EMA around $0.986. These levels could come into play if the current recovery gathers momentum toward the $1 mark.
SUI ETF inflows signal institutional interestGlassnode, a blockchain analytics firm, reports that U.S. spot SUI ETFs have not seen net outflows for 12 consecutive weeks. Over this period, three ETFs have accumulated a combined 9.3 million SUI tokens, indicating sustained institutional demand through regulated channels.
Three U.S. spot SUI ETFs have accumulated 9.3 million tokens over 12 weeks without net outflows, highlighting persistent institutional interest despite recent price fluctuations.
While consistent ETF flows do not guarantee higher prices in the future, they have provided a notable tailwind in support of SUI’s investment case.
In parallel, the Sui ecosystem has expanded its institutional profile. Integration of Sui with tZERO brings new infrastructure for regulated digital asset securities, covering issuance, custody, trading, and settlement. The Sui Foundation has also partnered with Securitize and Neuberger on a tokenized high-income fund, aiming to expand Sui’s reach in the institutional digital asset market.
Mini dictionary: tZERO, a regulated digital asset trading platform, provides infrastructure for issuing, trading, and settling blockchain-based securities, aiming to bridge traditional financial markets and blockchain technology.
Technical outlook: mixed momentumSUI’s technical scenario remains at a crossroads, with short-term momentum showing signs of improvement while longer-term bearish pressures persist. The daily relative strength index (RSI) is near 50.93, signaling balanced buying and selling activity. The Stochastic oscillator remains neutral, and the Stochastic RSI sits in oversold territory.
Momentum indicators are divided. The MACD stands at approximately 0.0204, just above its signal line at 0.0166, while the Average Directional Index (ADX) at 27.86 suggests strengthening trend development. Daily Bollinger Bands cover a range between $0.609 and $0.849, and the average true range (ATR) represents about 6.5% of the token’s price, pointing to continued volatility.
Bullish and bearish scenariosFor the bullish outlook to play out, analysts stress the importance of holding the $0.73-$0.76 support zone and breaking through the $0.80 resistance. CoinLore’s technical levels place $0.774-$0.795 and $0.823-$0.849 as the next resistance bands, followed by $0.95 and the key psychological $1 mark. Finsends projects that a breakout could eventually target $1.15 or even $1.40 under favorable conditions.
Conversely, a loss of the $0.73 support may result in a decline toward $0.712 and $0.699. A further breakdown would direct attention to the $0.64-$0.67 historical support region. The weekly chart and Ichimoku Cloud remain cautious, and analysts urge traders to await confirmation before expecting a sustained trend reversal.
Key LevelTypePrice RangeImmediate supportMoving average cluster$0.73-$0.76Next support levelsHorizontal support$0.712, $0.699Major resistanceHorizontal resistance$0.80Additional resistance zonesFibonacci/technical$0.774-$0.795, $0.823-$0.849High-target scenarioBreakout targets$0.95, $1, $1.15, $1.40Institutional inflows reinforce trendMarket participants continue to monitor ETF inflows as an indicator of broader investor sentiment. The 12-week period of uninterrupted demand, combined with SUI’s increasing integration into regulated asset infrastructure, has positioned the token as one to watch, particularly if the $0.80 resistance is cleared and sustained.
Despite these tailwinds, analysts maintain caution due to persistent long-term resistance and mixed technical signals. Volatility remains high, and traders are encouraged to use tight risk controls as price action tests key levels.
The price of Gold’s 3% Warsh-driven selloff has put Crédit Agricole’s $5,000 year-end forecast to a tougher test, but the bank’s debasement thesis remains intact. The Gold price in US Dollars (XAU/USD) ended Friday around $4,457 after Fed Chair Kevin Warsh’s Jackson Hole speech triggered the sharpest setback of the recent rally.
Gold fell 2.99% on Friday and is now almost $240 below August’s $4,696 high, although bullion still gained more than 10% over the month.
Warsh warned that the Fed still had “work to do” unless inflation moved convincingly towards 2%, sending September rate-hike expectations sharply higher and pushing the Dollar up. Gold subsequently suffered a heavy rate-driven selloff.
That move cuts directly across the near-term argument behind Crédit Agricole’s bullish call, but not necessarily the structural one.
The bank says gold has become “one of the key beneficiaries” of efforts by Washington to restrain long-dated Treasury yields, which worsened “the risk-reward trade-off for UST investors” and increased bullion’s appeal as a safe haven.
Crédit Agricole argues that these policy moves have “fanned US inflation fears and lowered US real yields”, strengthening gold’s role as a currency-debasement hedge.
It also sees geopolitics feeding the same trend, with the weaponisation of the Dollar through sanctions encouraging renewed reserve diversification.
“We remain long XAU/USD as a trade idea,” the bank says, adding that it continues to forecast gold at $5,000 by year-end with further gains in 2027.
Image: Gold price in US Dollars one-month chart The chart shows gold rallied from around $4,025 to nearly $4,700 before Friday’s collapse took it back towards its rising 20-day moving average.
We recently highlighted the return of ETF and futures buyers to gold, while BofA’s separate $5,000 forecast sits on a longer 2027 horizon.
Crédit Agricole’s call is more demanding.
From $4,457, a year-end move to $5,000 requires roughly 12% upside.
Warsh has made that path harder, but the bank’s forecast was always built on fiscal, Treasury and de-dollarisation risks as much as Fed easing.
Exchange Rates UK Research Our currency coverage draws on live market data, official economic releases and published bank research.
The Pound-Dollar rate has fallen back to 1.3534 after Jackson Hole, but UBS still sees Sterling at 1.40 by December and 1.41 through much of 2027. The Pound to Dollar (GBP/USD) exchange rate ended Friday at 1.3534, down 0.46% after Kevin Warsh revived expectations for another Federal Reserve rate increase.
Latest — Exchange Rates:
Pound to Dollar (GBP/USD): 1.3534 (-0.46%)
Euro to Dollar (EUR/USD): 1.158209 (-0.61%)
Dollar to Yen (USD/JPY): 160.10118 (+0.50%)
That leaves Cable well below its August high at 1.3675, but UBS has made no retreat from its bullish medium-term Sterling path.
Its updated forecast table reads: “GBP/USD: 1.40 Dec 2026, 1.41 Mar 2027, 1.41 Jun 2027, 1.41 Sep 2027.”
The rationale was set out more fully by UBS strategists Constantin Bolz and Dominic Schnider earlier this month.
“UK politics have shifted from a headwind to a potential tailwind,” they said, while “[Pound] Sterling remains relatively under-owned.”
That under-ownership matters if investors return after Friday's Dollar-driven correction.
UBS has also argued that “long-dollar positioning remains vulnerable to a reversal”, creating scope for “existing long-dollar positions [to] be unwound” if Fed expectations soften again.
Friday went the other way.
Warsh pushed the implied probability of a September Fed hike from around 35% before his speech to 57.5%, while Sterling suffered its first weekly decline against the Dollar in more than a month.
We previously examined UBS's increasingly positive Sterling view before the Jackson Hole reversal.
The forecast now has a cleaner test: holding around 1.35 would leave the 1.40 year-end scenario plausible, while renewed Fed tightening pressure would make the first hurdle, around 1.38, considerably harder to clear.
Exchange Rates UK Research Our currency coverage draws on live market data, official economic releases and published bank research.
Goldman nyní čeká, že RBA v listopadu zvýší sazby o 25 bazických bodů na 4,60 % po červencovém inflačním překvapení. AUD/USD v srpnu stále zůstává o 1,7 % výše.
Goldman now expects an RBA hike to 4.60% in November after a broad July inflation surprise, adding fresh rate support to the Australian Dollar. The Australian Dollar to US Dollar (AUD/USD) exchange rate ended Friday at 0.7163, still 1.7% higher in August despite losing 0.45% after Warsh's Jackson Hole speech.
Latest — Exchange Rates:
Pound to Australian Dollar (GBP/AUD): 1.889531 (-0.01%)
Euro to Australian Dollar (EUR/AUD): 1.617018 (-0.15%)
Goldman Sachs has made a more important change underneath that price action.
“Australia's headline CPI increased 1.0%mom in July, with year-over-year growth easing 30bp to 3.5%yoy – above our and market expectations,” economists Andrew Boak, Will Maher and Oscar To said.
Underlying inflation was stronger as well.
“The ABS monthly trimmed mean measure increased by 0.5%mom in July,” while annual trimmed-mean inflation remained at 3.6%, “also above expectations”.
More troubling for the Reserve Bank was the breadth.
“Price pressures also broadened in July: market services inflation accelerated, and consumer durables… rose by more than we expected.”
Goldman consequently raised its third-quarter trimmed-mean forecast to 0.93% quarter-on-quarter and concluded that the surprise “takes further tightening from ‘quite possible’ to most probable”.
The policy call changed with it.
“We now expect the RBA to hike 25bp in November to 4.60%,” Goldman said, while stressing “a material risk of an earlier RBA rate hike in September.”
Reuters data show the inflation release initially drove AUD/USD to a 12-week high around 0.7183 and lifted the market-implied probability of a September move to 38% from 17%.
Friday's Dollar surge subsequently knocked AUD/USD lower, but it does not alter Goldman's domestic argument.
The next decisive releases are Australia's labour-market report and August CPI.
A second broad inflation surprise would make November increasingly difficult for the RBA to avoid and could revive the Australian Dollar's yield advantage.
Exchange Rates UK Research Our currency coverage draws on live market data, official economic releases and published bank research.
Canada’s 3.3% Q2 rebound supports the Loonie, but Scotiabank sees USD/CAD wrestling with 1.39 as the broader Dollar regains momentum. The US Dollar to Canadian Dollar (USD/CAD) exchange rate ended Friday around 1.3903, extending its late-August rebound despite another strong batch of Canadian economic data.
USD/CAD has still fallen around 0.8% during August and almost 1.5% over the past month, but the pair has recovered sharply from the 1.3733 low reached on 22 August.
Scotiabank analysts had expected the Canadian economy to confirm a solid rebound after the weakness around the turn of the year.
“The Canadian economy appears to have rebounded firmly after the weak period around the turn of the year and Q2 growth seems to be tracking a little above 3%,” the bank said.
That call proved accurate.
Statistics Canada reported that real GDP expanded 0.8% quarter-on-quarter in Q2, equivalent to an annualised 3.3%, the fastest pace since 2023.
Exports rose 3.6%, household consumption gained 0.8% and business investment increased 2.3%, while June GDP also beat Scotiabank’s 0.2% expectation with a 0.3% increase.
The Canadian Dollar barely moved.
USD/CAD climbed towards 1.3908 instead as Kevin Warsh’s Jackson Hole comments drove the broader US Dollar higher and lifted expectations for a September Fed rate increase.
Image: USD to CAD rate 1-month chart Scotiabank Outlook: CAD Fundamentals Have Improved Scotiabank had already warned that good Canadian numbers were becoming less capable of surprising the FX market.
“Solid data is perhaps already priced in to the CAD to a degree, given that domestic data have generally outperformed expectations in recent weeks,” it said, although stronger GDP could “add modestly to CAD tailwinds in the short run.”
The bank’s fair-value work also suggested the USD/CAD exchange rate had little reason to move dramatically away from the high-1.38s.
“Spot continues to track our fair value estimate closely,” Scotiabank said, with its equilibrium estimate falling to 1.3865 before the GDP release.
Friday’s close at 1.3903 therefore leaves the pair only modestly above that estimate.
The more interesting question is whether the Dollar’s post-Warsh rally can overpower the improving Canadian backdrop.
A Reuters poll published Friday found all 35 economists surveyed expect the Bank of Canada to leave rates unchanged at 2.25% next week, with most also expecting no policy change for at least another year.
That removes the prospect of an immediate BoC catalyst, leaving US rates and the worsening Canada-US trade dispute unusually important for the cross.
USD/CAD Technical Forecast: 1.3900 Is Becoming a Useful Pivot Scotiabank’s technical assessment remains officially neutral, but there are bearish signals underneath.
“The USD is maintaining, just about, its push above the 200-day MA (1.3840),” the bank said, while warning that the previous soft close could be a “heads up” that the Dollar rebound was beginning to stall.
“Daily and weekly trend oscillators remain bearish,” with intraday momentum also looking soft.
The levels are relatively clean.
Scotiabank places minor resistance around 1.3895/1.3900, followed by firmer resistance in the mid-to-upper 1.39s.
Support stands at 1.3825/30, with a stronger floor around 1.3775/85.
Friday’s close just above 1.3900 means that first resistance zone is already under pressure.
That contrasts with our recent UBS USD/CAD forecast, where the bank saw scope for near-term support before an eventual decline towards 1.36 during 2027.
Scotiabank is more tactical here.
Canada’s economy is performing well enough to support the Loonie, and its fair-value model sits below spot, but USD/CAD needs to get back under 1.3840 before the technical picture starts looking convincingly bearish again.
For the immediate outlook, 1.3900 is the battleground, 1.3825 the first downside target and the upper 1.39s the level that would signal the Dollar rebound has more room to run.
Instacart se stal exkluzivním partnerem Petsense by Tractor Supply pro doručení ve stejný den, s doručením až do hodiny bez příplatku. Zákazníci mohou nakupovat přes aplikaci a web Instacartu.
The specialty pet retailer brings delivery in as fast as an hour to pet lovers nationwide with no markups
, /PRNewswire/ -- Instacart (Nasdaq: CART), a leading grocery technology company in North America, and Petsense by Tractor Supply, a wholly owned subsidiary of Tractor Supply Company (Nasdaq: TSCO), today announced a new partnership making Instacart the exclusive same-day delivery partner for Petsense. Starting today, customers can shop Petsense's large assortment of pet foods and supplies through the Instacart App and website, with same-day delivery in as fast as an hour with no markups.
Petsense by Tractor Supply joins the Instacart Marketplace with no markups for delivery in as fast as an hour "Petsense has built a loyal following among pet owners who care deeply about the wellbeing of their animals," said Blake Wallace, Vice President of Commercial Partnerships. "We're thrilled to be Petsense's exclusive same-day delivery partner, making it easier than ever for customers to get the specialty products their pets love, whenever they need them."
"At Petsense, we believe that ensuring the health and happiness of your pets should be the easiest decision you make in a day," said Shawn Blankenship, Vice President of Petsense by Tractor Supply. "By partnering with Instacart to offer same-day delivery, customers can now receive our top-quality assortment of pet food and supplies in as little as an hour. This partnership represents our commitment to being the most convenient and dependable place to shop for your pets."
With over 130 stores nationwide, Petsense offers a carefully curated selection of boutique and specialty brands, many exclusive to their stores, chosen for their exceptional quality and commitment to pet health and well-being.
Petsense joins more than 2,200 national and local retail banners on the Instacart Marketplace. To welcome Petsense to the Instacart Marketplace, customers can take $10 off their first qualifying $50 Petsense purchase on Instacart* now through September 30 on Instacart.
To start shopping Petsense, customers can visit https://www.instacart.com/store/petsense/storefront or download the Instacart App on their mobile device.
About Instacart
Instacart is a leading grocery technology company that partners with more than 2,200 retail banners -- representing nearly 100,000 stores -- to transform how people shop for the groceries they need from the retailers they trust, while creating flexible earning opportunities for shoppers. Through the Instacart Marketplace, Instacart Enterprise platform, and Instacart Ads ecosystem, the company powers ecommerce, fulfillment, in-store technology, AI offerings, and advertising for partners. For more information, visit www.instacart.com/company. Maplebear Inc. is the registered corporate name of Instacart.
About Petsense by Tractor Supply
Petsense by Tractor Supply, a wholly owned subsidiary of Tractor Supply Company (NASDAQ: TSCO), is a pet specialty retailer focused on meeting the needs of pet owners, primarily in small and mid-size communities. Founded in 2005, Petsense by Tractor Supply specializes in providing a large assortment of pet food, supplies and services, such as grooming and training, and offering customers a tailored experience while providing the top-quality products they need at a price they love. Petsense by Tractor Supply carries a range of nationally recognized brands including Fromm, Orijen, Acana, Purina Pro Plan, Hill's Science Diet, Victor, Royal Canin, and NutriSource. Petsense by Tractor Supply is also committed to promoting responsible pet ownership through pet adoptions, community involvement and education. As of August 25, 2026, the Company operated 209 total Petsense stores across 23 states. For more information on Petsense by Tractor Supply, visit www.Petsense.com.
*$15 off for qualifying customers is valid through 9/30/2026 at 11:59PM PT and is valid only in the United States for your first Petsense order of $50 or more and purchased through Instacart, while supplies last. Discount will be applied to the total purchase price, and excludes taxes, service fees, special handling fees and/or other fees; offer cannot be applied to alcohol products. Deliveries subject to availability. In order to take advantage of this offer, customers must have a valid account on Instacart with a valid form of accepted payment on file. Only one offer per household. Instacart reserves the right to modify or cancel this offer at any time. Offer may not be sold, copied, modified, transferred or used retroactively for prior purchases. Void where restricted or prohibited by law. Offer may not be combined with any other sale, promotion, discount, code, coupon, and/or offer. Offer has no cash value. Instacart is not a retailer or seller. Instacart may not be available in all zip or post codes.
Key Takeaways BigBear.ai's Q2 revenue rose 13% to $36.7 million, driven by stronger generative AI performance.BigBear.ai secured 20 contracts and grew backlog to $270 million, up about $22 million since year-end.CargoSeer, Ask Sage and ConductorOS expand BigBear.ai's AI reach across trade, security and defense. BigBear.ai Holdings, Inc. (BBAI - Free Report) is gaining traction as it expands the deployment of its applied AI solutions across defense, security, trade and travel. In the second quarter of 2026, revenue increased 13% year over year to $36.7 million, driven by stronger performance from its generative AI platforms and products. Gross margin soared to 32.8%, up 781 basis points from the prior-year quarter.
New customer wins and product deployments are providing additional avenues for growth. BigBear.ai secured more than 20 contracts during the quarter, with individual values of up to $5 million, while backlog reached $270 million, up about $22 million from the start of the year. The company also highlighted a five-year CargoSeer deployment agreement in El Salvador following a successful 12-month pilot, potentially providing a template for expansion into other customs markets.
The company is also broadening its AI offerings beyond connected environments. Ask Sage now supports local and air-gapped deployments, allowing customers in highly secure settings to use generative AI without relying on external networks. Meanwhile, ConductorOS demonstrated its ability to coordinate multi-vendor drone systems, addressing the growing need for interoperability across autonomous platforms.
Still, broader growth will depend on converting these deployments and contract wins into sustained revenue. Adjusted EBITDA remained negative at $11.6 million as the company increased spending on sales, go-to-market initiatives and R&D. With $410 million in cash and investments, BigBear.ai has resources to pursue additional capabilities and acquisitions, but execution will remain key to widening its growth base.
Competitors Expand Their AI and Defense CapabilitiesBigBear.ai competes with technology providers that combine AI, data analytics and defense-focused solutions. Palantir Technologies (PLTR - Free Report) is a key competitor, with its platforms helping government and commercial customers integrate data, AI and decision-making capabilities. Its growing focus on deploying AI directly into operational environments overlaps with BigBear.ai’s strategy of providing mission-ready solutions.
C3.ai (AI - Free Report) is another relevant competitor, offering enterprise AI applications designed to address operational and analytics needs across industries. Its AI capabilities span areas such as defense, manufacturing and supply-chain management, creating some overlap with BigBear.ai’s efforts to expand applied AI beyond its traditional customer base.
BigBear.ai’s differentiation centers on specialized applications for national security and trade and travel, including CargoSeer, Ask Sage and ConductorOS. The company’s recent deployments demonstrate an emphasis on solving specific mission-critical problems, while competitors pursue broader AI platforms and enterprise applications.
BBAI’s Price Performance, Valuation & EPS Estimate TrendShares of BBAI have plunged 22.2% over the past six months, underperforming the Zacks Computers - IT Services industry, as shown below.
BBAI’s 6-Month Price Performance
Image Source: Zacks Investment Research
BBAI stock is currently trading at a discount compared with the industry peers, with a forward 12-month price-to-sales (P/S) ratio of 9.67, as evidenced by the chart below.
P/S Ratio (F12M)
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for BBAI’s 2026 loss per share has widened in the past 30 days, as shown below. However, the estimated figure indicates a narrower loss than the year-ago loss of 82 cents per share.
EPS Trend of BBAI
Image Source: Zacks Investment Research
BBAI’s Zacks RankBigBear.ai currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Equinor v rámci třetí tranše programu zpětného odkupu mezi 17. a 21. srpnem koupil 721 000 vlastních akcií za průměrnou cenu 394,7557 NOK za kus. Celkem už v této tranši odkoupil 2 928 004 akcií.
Please see below information about transactions made under the third tranche of the 2026 share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR, CEUX:EQNRO, TQEX:EQNRO).
Date on which the buy-back tranche was announced: 22 July 2026.
The duration of the buy-back tranche: 23 July to no later than 26 October 2026.
Further information on the tranche can be found in the stock market announcement on its commencement dated 22 July 2026, available here: https://newsweb.oslobors.no/message/678529
From 17 August to 21 August 2026, Equinor ASA has purchased a total of 721,000 own shares at an average price of NOK 394.7557 per share.
Overview of transactions:
DateTrading venueAggregated daily volume (number of shares)Daily weighted average share price (NOK)Total daily transaction value (NOK) 17 AugustOSE148,000387.765557,389,294.00 CEUX TQEX 18 AugustOSE146,000393.190257,405,769.20 CEUX TQEX 19 AugustOSE144,000394.846856,857,939.20 CEUX TQEX 20 AugustOSE143,000398.879657,039,782.80 CEUX TQEX 21 AugustOSE140,000399.472255,926,108.00 CEUX TQEX Total for the periodOSE721,000394.7557284,618,893.20 CEUX TQEX Previously disclosed buy-backs under the trancheOSE2,207,004381.7162842,449,219.30CEUX TQEX Total2,207,004381.7162842,449,219.30 Total buy-backs under the tranche (accumulated)OSE2,928,004384.92711,127,068,112.50CEUX TQEX Total2,928,004384.92711,127,068,112.50 Following completion of the above transactions, Equinor ASA owns a total of 17,382,915 own shares, corresponding to 0.73% of Equinor ASA’s share capital, including shares under Equinor’s share savings programme (excluding shares under Equinor’s share savings programme, Equinor owns a total of 6,462,979 own shares, corresponding to 0.27% of the share capital).
This is information that Equinor ASA is obliged to make public pursuant to the EU Market Abuse Regulation and that is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
Appendix: A overview of all transactions made under the buy-back tranche that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.
Equinor uvedl, že v Namibii na průzkumném bloku PEL 90 doufá v „poměrně velký“ nález ropy. Minulý týden koupil 17,4% podíl v projektu vedeném společností Chevron.
The logo of Equinor is set up at the entrance of a building at Western Europe's largest liquefied natural gas plant Hammerfest LNG in Hammerfest, Norway, March 14, 2024. REUTERS/Lisi... Purchase Licensing Rights, opens new tab Read more
CompaniesSTAVANGER, Norway, Aug 25 (Reuters) - The disruption to energy flows in the Strait of Hormuz is making it more attractive for Equinor (EQNR.OL), opens new tab to develop a long-stalled liquefied natural gas export plant in Tanzania, the Norwegian company said on Tuesday.
The U.S.-Israeli war with Iran is reshaping the global energy industry, stripping Qatar and other Gulf producers of their reputation as some of the world's most reliable suppliers as Tehran struck export plants and blocked shipments.
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Discovered more than a decade ago, the massive Tanzania gas deposit is expected to cost about $42 billion to develop, the East African nation has estimated, and would provide an alternative source of supply for Asian customers.
YEARS OF NEGOTIATIONSBut Equinor's talks with Tanzania over detailed investment terms and conditions have been ongoing for years, and hopes for a breakthrough have been dashed on several occasions.
"You don't want to wait too long to put new LNG volumes on the market, so maybe now is a good time to get on with it," Equinor's head of international operations, Philippe Mathieu, told reporters at an energy conference in Norway on Tuesday.
When asked if the Middle East LNG disruption is making the Tanzania project more attractive, Mathieu said: "Exactly. It means you are producing LNG in an area which is not exposed to these kinds of geopolitical challenges."
Equinor and Shell (SHEL.L), opens new tab are joint operators of the mega gas project, which would unlock 47.13 trillion cubic feet of natural gas deposits, while Exxon Mobil (XOM.N), opens new tab, Pavilion Energy, Medco Energi (MEDC.JK), opens new tab and Tanzania's national oil company TPDC are partners.
NAMIBIA OIL EXPLORATIONMathieu also said Equinor hopes to make a "pretty big" oil discovery in Namibia's PEL 90 exploration licence, hoping to match major nearby finds made by TotalEnergies (TTEF.PA), opens new tab and Galp (GALP.LS), opens new tab.
Equinor last week said it had bought a 17.4% stake in the Chevron-operated (CVX.N), opens new tab prospect and that exploration drilling would take place later this year.
Reporting by Nerijus Adomaitis. Editing by Terje Solsvik and Mark Potter
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Equinor, Aker BP a Vaar Energi chtějí v podprozkoumaných částech norského kontinentálního šelfu vrtat asi pět průzkumných vrtů s vysokým potenciálem ročně. Náklady ve výši 750 milionů USD ročně si rozdělí rovným dílem.
Key Takeaways Equinor and partners will explore underexplored NCS regions for larger oil and gas discoveries.The group plans about five high-impact wells yearly, sharing an estimated $750 million annual cost.Equinor sees bigger finds as key to sustaining Norway's oil and gas industry beyond 2035. Equinor ASA (EQNR - Free Report) announced a collaboration with Aker BP and Vaar Energi to boost exploration activities in the Norwegian Continental Shelf (“NCS”). While Norway remains one of the largest oil and gas producers in Europe, its oil production is expected to decline sharply after 2030 unless new hydrocarbon finds are discovered, according to a report by the Norwegian Offshore Directorate (“NOD”). Equinor, Aker BP and Vaar Energi will work together to drill new wells across underexplored regions of the NCS. The companies aim to find large oil and gas discoveries on the Shelf after years of focusing on smaller discoveries close to existing fields.
Partnership to Share Exploration Costs and RisksThe less-explored regions are likely to have higher exploration risk and are typically more expensive to drill than mature regions. However, successful exploration may lead to large oil and gas discoveries. The three companies plan to combine their technical expertise, geological data, exploration technology and drilling capabilities to proceed with select exploration opportunities that have the potential to yield high returns. Equinor believes that the three companies can share the cost and risk of exploring underexplored regions by working together.
Equinor Shifts Focus Beyond Near-Field ExplorationAn Equinor spokesperson mentioned that while near-field exploration is important, it is not enough for long-term value creation. Near-field exploration has a lower risk profile as it can be tied back to existing infrastructure to facilitate higher production and resource recovery. However, Equinor believes that the company should focus on bigger hydrocarbon finds to support Norway’s oil and gas industry beyond 2035.
The three companies plan to evaluate around 20 to 25 exploration projects over the next four to five years. Notably, the companies aim to drill about five high-impact exploration wells each year to pursue bigger oil and gas finds. The combined drilling cost for this assignment is estimated at $750 million annually and will be shared equally among the three companies. Additionally, the Equinor spokesperson reportedly mentioned that the initial drilling activity would focus on Haltenbanken in the Norwegian Sea. The companies may later expand exploratory drilling to other parts of the NCS.
Exploration Push Could Strengthen EQNR’s Resource BaseEquinor’s exploration efforts are mainly focused on sustaining long-term production. By targeting underexplored regions, which involve higher costs and greater drilling risk, the company leans into the potential for successful high-impact discoveries, which could provide significant growth opportunities and support the Norwegian oil and gas industry. Furthermore, it could strengthen EQNR’s asset base and offset production decline from mature fields.
Equinor, Aker BP Make New Gas DiscoveryOn a different note, the Norwegian integrated energy company, along with Aker BP, has recently made a natural gas and condensate discovery in the Linga prospect, according to an announcement by the NOD. The gas discovery was made approximately 10 miles northwest of the Balder field in the North Sea. The NOD also stated that preliminary estimates suggest that the recoverable resources at the discovery could be between 0.1 and 2.1 million standard cubic meters of oil equivalent.
EQNR’s Zacks Rank & Key PicksEQNR currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the energy sector are Par Pacific Holdings (PARR - Free Report) , Valero Energy (VLO - Free Report) and Galp Energia SGPS SA (GLPEY - Free Report) . While Par Pacific and Valero sport a Zacks Rank #1 (Strong Buy) each, Galp Energia carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks Rank #1 stocks here.
Par Pacific Holdings operates an integrated downstream energy business across the United States, with fuel retail operations in Hawaii, Washington and Idaho, refining operations in Hawaii, Wyoming, Washington and Montana, and a supporting logistics network. Its refineries have a combined crude oil throughput capacity of 219,000 barrels per day and produce gasoline, diesel, jet fuel, marine fuels, asphalt and other petroleum products.
Valero Energy is a leading refining player with a robust network of 14 refineries and a combined high-complexity throughput capacity of 3 million barrels per day, which distinguishes it from other independent refiners. Valero’s refineries have a combined Nelson Complexity Index of 11.5, which implies that they can process a wide variety of feedstocks, convert them into higher-value products and shift product yields according to market conditions.
Galp Energia is a Portuguese energy company engaged in exploration and production activities. The company’s oil exploration efforts have yielded positive results, particularly with the Mopane discovery in the Orange Basin, offshore Namibia. This discovery allows Galp to diversify its global presence with the potential to become a significant oil producer in the region. It is engaged in refining and marketing of oil products and natural gas marketing and sales.
Figma ve 2. čtvrtletí zvýšila výnosy o 48 % na 370 mil. USD a počet zákazníků stoupl na 15 964. Akcie jsou na nejvyšší úrovni od 5. března a po proražení nad 50denní průměr míří k rezistenci na 40 USD.
Buy FIG. It’s breaking out after a double-bottom at ~$16.80, reclaiming the 50-day moving average, and posting strong fundamentals: Q2 revenue +48% to $370M, customer count up to 15,964, and 80% of paid customers using AI credits weekly. The market is also starting to reward software strength again (Salesforce’s surge), and FIG’s next resistance is ~$40.
Key Risk: AI fears return and investors decide Figma’s growth is “already priced,” causing the stock to fall back below the ~$27.80 neckline.
Software rally basket (CRM/ADBE/PLTR)
Buy the group: add to Salesforce (CRM) and Adobe (ADBE) exposure alongside FIG. The article shows FIG’s rebound is tracking the broader top-software earnings/guidance momentum, and these names are benefiting from the same “AI is additive, not disruptive” narrative.
Key Risk: A broad software de-rating—earnings/guidance disappoint across the group—kills the whole rally at once.
Figma stock continued its recovery this week, reaching its highest level since March 5 this year. FIG jumped to $30.62, up by 81% from its lowest level this year, mirroring the performance of other top software companies like Salesforce, Adobe, and Palantir.
Figma, a top player in the software industry, has come under pressure since going public last year. It dropped from a record high of $142.7 to a low of $16.80. This retreat happened as investors dumped software companies amid fears that their businesses will be disrupted by artificial intelligence tools.
Recently, however, Figma stock has rebounded as we predicted. This rebound continued on Thursday after Salesforce, a top software company, soared after its strong earnings and guidance.
Figma’s fundamentals showed that its business was doing well and was still adding customers despite the AI fears. The most recent results showed that Figma’s revenue jumped by 48% in the second quarter to $370 million, higher than what analysts were expecting. It was also higher than what the management guided during its first quarter results.
The company’s gross profits also jumped during the quarter. Most importantly, Figma’s number of customers continued growing and now has 15,964 customers paying $10,000 a year.
Figma has continued to boost its business using AI tools, with 80% of paid customers using its AI credits weekly.
Analysts are optimistic that Figma’s business will continue to do well in the coming years as demand for its products rises. The average estimate is that its revenue will come in at $375 million, up by 37% from a year earlier.
Its fourth quarter revenue is expected to grow by 27% to $388 million, bringing the annual figure to over $1.47 billion. Since going public, Figma has constantlly done better than estimates, meaning that its results will be much higher.
Analysts have started to take note, with Bank of America’s Tal Liani hiking his target from $30 to $33. He pointed out that the company may start to benefit from AI tokens and the stickiness of its platform. Citigroup has a buy rating with a target of $37, while Wells Fargo sees it rising to $36.
Figma stock chart | Source: TradingView
The daily chart shows that the FIG stock topped at $142 in August last year and then plunged to a low of $16.80. This sell-off happened amid the rising SaaSPocalypse fears.
The stock formed a large double-bottom pattern at $16.80 and a neckline at $27.80, its highest level on June 1 this year. A double-bottom is one of the most common bullish reversal signs in technical analysis.
The stock has moved above the 50-day moving average, while the Relative Strength Index (RSI) has jumoped to 67. It is hovering near its overbought level of 70.
Therefore, the stock will likely continue rising as bulls target the next key resistance level of $40, its highest point in December last year.
READ MORE: Figma stock is rising: a golden opportunity to buy at a bargain price?
CleanSpark vzrostl o 7 % na 12,72 USD a BitMine o 4 % na 25,21 USD, zatímco Bitcoin se drží kolem 79 377,30 USD. Krypto akcie rostou rychleji než samotné kryptoměny.
Bitcoin is barely budging, yet certain mining and treasury stocks are surging several times faster than the coin itself. The reason comes down to a leverage mechanic baked into how these companies make money.
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Crypto-linked equities are outrunning the coins in Tuesday morning trade. The CoinShares Bitcoin Mining and Digital Power ETF (NASDAQ:WGMI) is up 4% to $46.55, while the iShares Bitcoin Trust ETF (NASDAQ:IBIT) is up 0.6% to $44.92. Miners and treasury names are repricing to a firmer tape while the coins barely move.
CleanSpark (NASDAQ:CLSK | CLSK Price Prediction) stock is up 7% to $12.72, and BitMine Immersion Technologies (NYSE:BMNR) stock is up 4% to $25.21, both extending a bounce in crypto-adjacent equities. Bitcoin (CRYPTO:BTC) trades at $79,377.30, up 0.4% over the past 24 hours; Ethereum (CRYPTO:ETH) sits at $2,475.16, down 0.5% over the same window.
Crypto equities carry embedded leverage to the underlying tape. When Bitcoin steadies after a sharp run higher, mining and treasury names reprice faster than the coins because their revenue lines, hashrate economics, and net-asset values scale on top of price. That mechanism is driving CleanSpark and BitMine Immersion Technologies shares today.
Miner Rebound After a Rough Month for CleanSpark CleanSpark stock is snapping back after a bruising stretch. Shares were up 18% year to date through Monday’s close, but the past month shows a rougher story, with the stock lower on softer crypto prices and miner margin pressure. The move reads as a bounce in a name that had been sold hard.
CleanSpark’s most recent earnings report, filed August 6, showed revenue of $138.01 million, missing the $141.81 million consensus, with a GAAP loss of $0.89 per share driven by a $116.25 million loss on the fair value of Bitcoin. CEO Matt Schultz framed the quarter around CleanSpark’s pivot toward diversified digital infrastructure, anchored by a 20-year, $6.6 billion triple-net lease at the company’s Sandersville site with a high investment-grade tenant.
That lease reframes CleanSpark stock as a hybrid miner and data-center play with exposure to high-performance computing and AI workloads. CleanSpark controls more than 1.8 GW of power, land, and data centers across the U.S., and management has stated the equity portion of Sandersville is fully funded with long-lead items ordered. This gives the company a second earnings stream when mining economics compress.
BitMine Closes on Its 5% Ether Target BitMine stock is climbing despite Ethereum trading lower on the day. Shares were down 11% year to date through Monday’s close, but a recent treasury update is putting a firm bid under the name. On August 24, BitMine announced its ether holdings had reached 5.85 million tokens, with total crypto and cash holdings of $14.9 billion.
Chairman Tom Lee told the Bankless podcast that the company could hit its 5% of all ether target before year end. “It’s about $350 million worth of ETH that we need to acquire to reach 5%… we could reach it by the end of the year,” Lee stated. BitMine has purchased ether every week since its first buy on June 30, 2025, funded the position with common stock rather than loans, and staked most of the balance, generating roughly $330 million a year in yield.
BitMine plans to launch its Made-in-America Validator Network, or MAVAN, staking infrastructure in Q1 2026, with three institutional staking providers running a live pilot. That staking cash flow, combined with an equity-funded treasury build, gives the company a different risk profile than levered peers when crypto prices swing.
Treasury and Exchange Peers Get the Read-Across Strategy (NASDAQ:MSTR) offers the Bitcoin-side comparable as the largest corporate Bitcoin holder, with 846,000 Bitcoin on its balance sheet as of the Q2 2026 report and an $8.32 billion unrealized digital-asset loss in the quarter. SharpLink (NASDAQ:SBET) holds the next-largest listed ether treasury at 888,938 tokens.
Coinbase (NASDAQ:COIN) provides the exchange read-across when crypto equities move as a group. The exchange reached an all-time-high 10.3% crypto trading volume market share in Q2 2026, an operating milestone that matters when the coin tape firms and derivatives and prediction-market flows return. The whole complex tends to move together on session-level rotations.
The near-term test is whether crypto equities can hold their premium over the coins if Bitcoin drifts. Miner earnings remain sensitive to Bitcoin price marks on treasury holdings, and ether treasury names carry the same math on ETH. A firmer coin tape would validate today’s move, while a softer one would test how much of the rally is durable.
Traders can watch for BitMine’s next weekly ether treasury update, along with any follow-through in the miner basket into the afternoon. Investors should keep their position sizes modest given how quickly these names swing on the underlying coins (we wrote a free playbook on speculating with just 5% of a portfolio, here). Bear in mind, volatility cuts both ways when the equities reprice faster than what they own.
Contact [email protected] for any questions or corrections.
Clearstar zvýšil limit svého earnXRP vaultu na 33,73 milionu FXRP, tedy asi 46,5 milionu USD. Je to už více než šestinásobek původního limitu 5 milionů tokenů.
Vault grows more than sixfold from launch capThe @ClearstarLabs earnXRP vault on @FlareNetworks has raised its deposit cap for at least the second time, with holdings now standing at 33.73 million FXRP, worth around $46.5 million. That figure is more than six times the 5 million token ceiling the vault carried at its December 2025 launch. Flare confirmed the latest cap increase without specifying the new limit.
earnXRP is the first fully on-chain yield product denominated in $XRP, allowing users to deposit FXRP, XRP represented one-to-one on Flare, into a single vault that deploys capital across a diversified set of yield strategies. The Clearstar vault takes a fully on-chain approach, deploying FXRP across lending and liquidity protocols on Flare, including Avant and Euler. The vault targets a 3% annual yield and charges a 0.75% management fee plus a 10% performance fee.
Flare Smart Accounts lower the barrier for XRP holdersDeposits route through Flare Smart Accounts, which remove much of the technical friction traditionally associated with cross-chain DeFi. They combine what would normally require multiple steps, such as minting FXRP, navigating decentralised applications, and managing activity across different interfaces, into a single unified flow, while self-custody is retained throughout. In practice, that means XRP Ledger wallet holders can participate without separately minting FXRP or managing a standalone EVM wallet.
Flare launched Smart Accounts v1.3 to simplify how XRP holders access DeFi by reducing a process that previously required multiple steps to a single wallet signature. More than 40 million XRP is currently earning yield through Flare Smart Accounts, while nearly 24,000 Smart Accounts have already been created. The repeated lifting of the Clearstar vault cap suggests sustained demand, underscoring the broader push to bring $XRP holders into on-chain yield strategies that were largely inaccessible before the FAssets system launched.
Only 0.1% of XRP supply is utilised in DeFi despite the token being among the largest cryptocurrencies by market capitalisation. Products like earnXRP are designed to chip away at that gap by offering a straightforward, non-custodial entry point into XRPFi.
Akcie IREN klesly téměř o 7 % po oznámení odpisu 638,8 milionu USD, který prohloubil čistou ztrátu na 702,6 milionu USD. Tržby přesto vzrostly o 41,1 % na 707 milionů USD.
IREN Stock Tumbles as Massive Write-Down Deepens Fiscal 2026 Loss Summary
IREN’s AI Cloud revenue surged nearly sevenfold in fiscal 2026, but a $638.8 million impairment pushed the company to a $702.6 million loss
IREN Limited IREN shares fell nearly 7% on early Friday after the company reported a $638.8 million impairment tied largely to older mining equipment.
The charge pushed IREN to a fiscal 2026 net loss of $702.6 million, compared with an $86.9 million profit a year earlier. Total revenue still increased 41.1% to $707 million, while AI Cloud revenue climbed to $128.8 million from $16.4 million.
The shift toward AI infrastructure is accelerating, but the transition is carrying substantial costs. Bitcoin-mining revenue rose 19.3% to $578.2 million for the year, while adjusted EBITDA declined 8.9% to $245.7 million.
IREN also reported $7.62 billion in cash, restricted cash and equivalents at fiscal year-end. Management said it has secured contracts targeting $4 billion of annualized revenue for capacity by year-end, while noting that such figures are not equivalent to recognized GAAP revenue.
IREN's AI expansion offers a growth path, but investors may focus on execution, funding needs and the conversion of contracted revenue into reported sales.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
IREN v premarketu klesly o více než 6 %, i když tržby z AI poprvé překonaly těžbu Bitcoinu. Investory odradily hlavně impairments přes 450 milionů USD, spálená hotovost 303 milionů USD a dluh přes 7,4 miliardy USD.
Sell/short IREN. The AI milestone is real, but the stock is being driven by fundamentals: impairments jumped to ~$450M in the quarter, cash burn rose to ~$303M while spending ~$2.1B, and long-term debt surged to ~$7.4B. That mix usually forces more borrowing and dilution even if demand is strong. Technicals confirm pressure: below the 50-day EMA, RSI rolling over, and a likely move toward ~$29 after the gap fill.
Key Risk: AI revenue growth accelerates fast enough to stop impairments/cash burn and the company funds expansion without further debt or dilution.
Neocloud debt risk (sell)
Sell/short the neocloud “funding treadmill” exposure via IREN’s credit risk: buy protection on IREN (CDS if available) or avoid/short high-yield lenders’ exposure to the sector. The second-order issue is not just that IREN is burning cash—it’s that heavy borrowing plus impairments can trigger tighter financing terms across the group, raising the cost of capital and forcing secondary offerings at worse prices.
Key Risk: Capital markets stay open on easy terms and IREN’s financing costs don’t rise, preventing a sector-wide credit squeeze.
IREN stock retreated by over 6% in the premarket session as investors reacted to its financial results. It slipped to $38, down sharply from the year-to-date high of $70.60. This retreat happened even after the company reached a major milestone, with its AI revenue surpassing its Bitcoin mining operations.
IREN, formerly known as Iris Energy, published an encouraging report, which showed that its AI revenue surpassed its Bitcoin mining one in the last quarter. Its AI cloud solution rose from $33 million last year to over $70.5 million last quarter. For the first six months, revenue rose to over $128.8 million.
IREN’s Bitcoin mining revenue dropped to $66 million, down from $111 million in the same period last year. This revenue slipped as Bitcoin price dropped and as the company continued its pivot towards the AI data center industry. In total, IREN’s revenue fell to $137 million from $144 million in the same period last year. The CEO said:
“This year, that founding thesis became tangible. Exponential AI consumption growth has fueled demand for compute capacity well beyond the available supply of infrastructure. IREN was built for this moment.”
IREN’s stock dropped for several reasons. First, the company’s impairments jumped sharply in the last quarter, losing over $450 million, up sharply from the previous $140 million. As a result, its total loss jumped to over $684 million in the quarter. It lost $247 million in the same period last year, and the loss trajectory continued to soar.
Second, the company continued its cash burn during the quarter as its data center spending rose. Its cash burn, which is defined as operating cash flow minus expenditures, rose to $303 million. This happened as it spent over $2.1 billion in the quarter.
Additionally, the company continued to borrow heavily, with its long-term debt rising to over $7.4 billion during the quarter from $962 million in the same period last year. As we have seen with similar neocloud companies, this borrowing will likely continue in the foreseeable future as it continues to fund its growth.
The need for cash means that the company will need to raise money to fund its plants. This will see its debt continue to grow and possibly result in shareholder dilution.
Still, on the positive side, the company continues to see more demand for its services, with the 2027 capacity being nearly sold out. It has more room to grow as demand for compute continues rising.
IREN stock chart | Source: TradingView
The daily chart shows that IREN has come under pressure, moving from a high of $49.22 on August 13 to the current $38.17. It has now filled the gap that was formed on August 11.
The stock remains below the 50-day Exponential Moving Average (EMA), while the Relative Strength Index (RSI) has pointed downwards. Therefore, the most likely forecast is where it remains under pressure, potentially to $29.
In the long-term, however, there is a likelihood that the stock will bounce back, potentially to over $90 as Cantor Fitzgerald and BTIG predict.
IREN plánuje ve fiskálním roce 2027 kapitálové výdaje ve výši 25 až 30 miliard USD a už má zhruba 4 miliardy USD smluvně zajištěných ročních příjmů z AI. Firma zároveň utlumuje bitcoin mining a přesouvá se k AI cloudové infrastruktuře.
Contracted AI revenue is giving the expansion a foundation. Summary
$4B AI ARR contracted
IREN Ltd. (IREN, Financials) is preparing to spend at a scale that shows just how dramatically its business is changing.
The company is targeting between $25 billion and $30 billion of capital spending in fiscal 2027 as it rapidly shifts its focus toward AI cloud infrastructure. IREN already has about $4 billion of AI-related annual recurring revenue under contract.
The company is simultaneously decommissioning bitcoin mining equipment as resources move toward larger cloud deployments. Funding that expansion will be the key challenge.
IREN said its financing plan includes roughly $14 billion in cash, existing GPU financing and customer prepayments. It is also targeting another $8 billion of financing tied to GPUs and data centers.
That leaves investors balancing two very different numbers.
The $4 billion of contracted recurring revenue provides evidence that demand is real. But spending as much as $30 billion means execution and financing risks are also rising quickly.
IREN is effectively making one of the biggest transitions in AI infrastructure, moving from bitcoin mining toward becoming a major supplier of computing capacity.
Whether that bet pays off will increasingly depend on how efficiently the company can turn enormous capital spending into recurring AI revenue.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
IREN uvedla, že kapacita AI cloudu pro FY26 je téměř vyprodaná a klíčové je nyní dodání GPU a financování. Ceny na tříleté období od listopadu vzrostly asi o 125 %.
Key Takeaways IREN says that FY26 AI cloud capacity is largely sold out, making delivery and FY27 contracting the focus.IREN says that three-year pricing has risen about 125% since November, with recent deals above $20M per MW.IREN targets about 300 MW delivered in FY26 as GPU deployment, not customer demand, remains the bottleneck. IREN Limited (IREN - Free Report) used its fourth-quarter fiscal 2026 earnings call to put focus on execution across its expanding AI cloud pipeline. Management said that fiscal 2026 capacity is largely sold out, putting delivery, financing and fiscal 2027 contracting at the center of the outlook.
IREN reported a loss of 41 cents per share, narrower than the Zacks Consensus Estimate of a 50-cent loss. Revenues of $137.2 million surpassed the consensus estimate of $120.9 million.
IREN Sets $4B ARR MarkerCo-founder and co-CEO Daniel Roberts said that IREN has more than $4 billion in annual recurring revenues contracted for fiscal 2026 capacity, with $1 billion operating after Microsoft accepted Horizon 1.
Roberts added that late-stage discussions cover a significant portion of fiscal 2027 capacity, while 2028 talks are underway. Management is prioritizing a diversified customer base rather than dependence on one large counterparty.
CFO Anthony Lewis said that IREN exited the fiscal fourth quarter with $0.5 billion in ARR and expects more than $4 billion by the end of the December quarter. Much of the related revenues should appear in the March quarter.
IREN Sees Pricing Move HigherRoberts said that three-year contract pricing has risen about 125% since November, while five-year pricing is up about 70%. Recent three-year agreements exceed $20 million per megawatt of IT load, with active discussions around $25 million.
Chief commercial officer Kent Draper said that current customer talks show consistent pricing and strong competition for near-term megawatts. IREN weighs term, prepayments, customer quality and expansion potential rather than one pricing metric.
Draper said that Mirantis broadens the addressable market through orchestration, enterprise support and managed services. That gives IREN more ways to serve smaller AI developers and enterprises beyond bare-metal compute.
IREN Pushes Horizon Delivery Into DecemberRoberts said that Horizon 1, the first of four 50-megawatt liquid-cooled deployments at Childress, was delivered to Microsoft. Horizons 2 through 4 are targeted for the December quarter.
Management is targeting 300 megawatts of IT load delivered in fiscal 2026 and another 0.5 gigawatt in 2027. Construction is advancing across Childress, Sweetwater and international sites.
Roberts said that standardized designs should carry across future facilities and successive GPU generations. IREN also sees room to add compute within existing power envelopes through optimization and liquid-cooling upgrades.
IREN Plans Major FY27 BuildLewis said that fiscal 2027 capital expenditure is expected to be $25-$30 billion. The plan covers contracted 2026 deployments, air-cooled capacity for calendar 2027 and spending on later liquid-cooled projects.
He added that IREN starts with approximately $14 billion of cash, committed GPU financing and customer prepayments. Management is targeting another roughly $8 billion of GPU financing and prepayments.
Roberts said that the recent customer prepayments have funded 45-55% of GPU capital costs, while IREN raised $6.5 billion of GPU financing in three months. Its data center portfolio remains unencumbered.
IREN Q&A Tests Funding & Contract FlexibilityA Goldman Sachs analyst pressed management on fiscal 2027 CapEx. Lewis clarified that spending extends beyond capacity delivered during the year because data center investment precedes commissioning and some GPU costs fall into the following capital plan.
A Cantor Fitzgerald analyst asked whether roughly $25 million-per-megawatt pricing was exceptional. Draper answered that it was consistent with live discussions, while Roberts stressed that the referenced contracts run three to five years rather than spot terms.
A BTIG analyst focused on contract duration and data center financing. Roberts said that longer-term talks are emerging, but management wants a portfolio balancing investment-grade anchors with higher-priced AI developers and prepayments.
IREN Keeps Execution at the CenterRoberts framed the next phase around delivering capacity, expanding customer relationships and maintaining funding discipline. Management repeatedly identified bringing GPUs online, rather than finding customers, as the key operating bottleneck.
Lewis also said that spending will rise ahead of revenues, including a sequential increase of $40-$50 million in fiscal first-quarter cash SG&A as IREN invests across sales, R&D, development and operations.
IREN's Zacks Signals Remain MixedIREN currently carries a Zacks Rank #3 (Hold). Its Growth Score of B and Momentum Score of A are favorable, while the Value Score of D is weaker and the combined VGM Score of C sits outside the preferred A or B range. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Style Scores complement the Zacks Rank, with stronger grades generally indicating better expected performance. The Zacks framework notes that Rank #3 stocks can be held while the same grade hierarchy applies to Style Scores. The Zacks Rank can change as earnings estimates are revised after the reported results.
SanDisk v premarketu vzrostl téměř o 5 % poté, co Nvidia varovala před nedostatkem pamětí a tlakem na marže. Trh to bere jako signál, že těsná nabídka NAND může dál podporovat ceny i tržby SanDisku.
Buy SNDK. Nvidia’s margin pressure from memory shortages is a direct read-through: tight NAND supply is likely to persist, supporting NAND pricing and SanDisk revenue/margins. Add the structural angle: HBF for AI can be capacity-hungry, and SanDisk’s long-term customer contracts (floor pricing) reduce earnings volatility versus pure commodity peers.
Key Risk: Memory prices fall fast because new supply ramps sooner than AI demand, crushing NAND pricing and margins.
MU (Micron)
Buy MU as the higher-beta beneficiary of the same shortage narrative. If Nvidia’s warning extends the tight memory cycle, both NAND/DRAM pricing power improves; MU should capture upside from AI memory demand while benefiting from industry-wide pricing strength.
Key Risk: AI memory demand cools or customers delay purchases, so pricing power fades even if supply is tight.
SanDisk stock NASDAQ:SNDK jumped nearly 5% in Thursday premarket trading after Nvidia’s earnings delivered an unexpected positive signal for memory suppliers.
SNDK closed Wednesday at $1,499.37, up 1.3%, then rose 3.7% after hours before extending gains.
Nvidia said memory shortages are limiting how quickly it can satisfy demand and pressuring gross margins.
That is the fundamental logic behind Thursday’s sharp rebound.
Nvidia expects demand to keep accelerating, but finance chief Colette Kress warned that soaring memory prices and higher component costs will pressure margins.
The chip giant expects adjusted gross margin to fall from about 75% in fiscal Q2 to 74% in Q3, then bottom around 71%-72% in Q4.
Investing.com analyst Thomas Monteiro told MarketWatch that memory inflation is “mostly cyclical,” but added that such cycles have a “habit of lasting longer than expected.”
With few major memory producers controlling supply, manufacturers retain substantial pricing power.
That is the direct SanDisk read-through. Stronger NAND pricing can support revenue and margins even as those costs squeeze customers buying memory-intensive AI systems.
Thursday’s move therefore reflects more than Nvidia sympathy. Investors are treating Nvidia’s warning as evidence that tight industry conditions may persist longer than assumed.
Bernstein analyst Mark Newman recently called SanDisk’s High Bandwidth Flash technology a “game changer for AI and the memory industry” and maintained an Outperform rating with a $3,000 target.
Newman argues HBF could require three to four times more factory space per exabyte than conventional NAND, potentially consuming wafer capacity and causing shortages to last “far longer than even the bulls expect.”
JPMorgan analyst Harlan Sur resumed coverage with an Overweight rating and a December 2027 target of $2,250.
Sur said SanDisk is “uniquely positioned” to benefit from the structural increase in NAND demand driven by AI inference.
He also highlighted eight long-term customer agreements representing about $94 billion in total contract value at floor pricing.
Those contracts could provide more earnings visibility than investors historically associate with commodity memory producers.
The risk is that memory remains cyclical because strong pricing encourages more investment.
SanDisk closed at $1,499.37 on Wednesday after trading above $1,825 earlier this month and below $1,000 in late July, illustrating how violently expectations can shift.
SanDisk and Kioxia said they plan to invest more than $31 billion in Japan through 2032 to expand semiconductor technology and production capacity as AI demand rises.
The programme depends partly on Japanese government support.
New capacity gives SanDisk more ability to capture AI growth, but it also creates the longer-term question investors cannot ignore: could supply eventually expand faster than demand?
Kioxia a Sandisk plánují v Japonsku investovat přes 31 miliard USD do roku 2032, pokud získají podporu vlády. Peníze mají posílit výrobu flash pamětí a stabilní dodávky.
Continued investments through 2032 will further strengthen the companies’ long-standing joint venture and drive meaningful, multi-year flash memory-supply
Investments align with economic policy goals of Japanese government and reflect strong U.S. – Japan relations
TOKYO & MILPITAS, Calif.--(BUSINESS WIRE)--Kioxia Corporation, a subsidiary of Kioxia Holdings Corporation (TOKYO: 285A) and Sandisk Corporation (NASDAQ: SNDK) today announced anticipated significant investments in Japan, totaling over $31 billion (approximately 5 trillion yen) contingent upon government support. The investments through 2032 will continue to strengthen the Kioxia and Sandisk partnership, one of the most successful joint ventures across any industry. The partnership has helped drive decades of NAND flash memory innovation and invested over $50 billion (approximately 9 trillion yen) in Japan over the past 25 years. Kioxia and Sandisk will continue to deliver leading technology to support the growing demands of an AI and a data-driven world.
Aligned with market trends, these investments will support the ongoing buildout of infrastructure at the Yokkaichi Plant and the Kitakami Plant, along with related infrastructure, technology. Kioxia and Sandisk each has committed to drive meaningful, multi-year bit growth and ensuring stable supply to address the strong demand for their innovative flash memory technology. In line with these commitments, the announced investments are intended to fuel the joint venture’s long-term success and ability to deliver leading-edge flash memory innovations at scale and with stability.
“This joint investment further strengthens our longstanding partnership with Sandisk and underscores Kioxia’s strong commitment to contributing to the advancement of an AI-driven society,” said Hiroo Ota, President and CEO of Kioxia. “Kioxia will continue to meet growing demand for high-capacity, high-performance, and power-efficient flash memory, which is essential to the growth of an AI-driven society. We sincerely appreciate the support of the Japanese government to date and recognize the importance of its continued strategic support in maintaining further strengthening our global competitiveness.”
“For decades, Sandisk and Kioxia have jointly developed world-class NAND flash memory technology,” said David Goeckeler, Chairman and CEO of Sandisk Corporation. “In line with our business strategy and financial guidance, these planned investments will ensure our ability to support our customer’s increasing demands for our technology, while providing new economic opportunities for the communities we operate in and serving as a premier example of U.S.-Japan economic collaboration.”
These investments are aligned with economic policy goals of Takaichi administration, supporting a strategically important sector with the expansion of advanced manufacturing for cutting-edge semiconductor technologies.
In January, Kioxia and Sandisk announced the extension of their joint venture framework at Kioxia’s Yokkaichi Plant through December 2034. Through the joint venture, which has spanned more than 25 years, Kioxia and Sandisk collaborate in the development and manufacturing of flash-based memory wafers. This announcement reflects the strength of the longstanding partnership and its ability to leverage AI-enabled smart manufacturing at scale to ensure stable production of advanced 3D flash memory.
About Sandisk
Built on more than three decades of innovation, Sandisk is a vertically integrated global semiconductor company dedicated to delivering memory technologies that help people and businesses unlock the potential of their data. From the enterprise SSDs powering AI infrastructure to consumer devices and connected systems at the edge, Sandisk designs and manufactures memory solutions that fuel the modern digital economy. To learn more, visit www.sandisk.com.
About Kioxia
Kioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid-state drives (SSDs). In April 2017, its predecessor Toshiba Memory was spun off from Toshiba Corporation, the company that invented NAND flash memory in 1987. Kioxia is committed to uplifting the world with “memory” by offering products, services and systems that create choice for customers and memory-based value for society. Kioxia's innovative 3D flash memory technology, BiCS FLASH™, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, automotive systems, data centers and generative AI systems.
SANDISK and the SANDISK logo are registered trademarks or trademarks of Sandisk Corporation or its affiliates in the US and/or other countries. All other marks are the property of their respective owners.
This press release contains forward-looking statements within the meaning of U.S. federal securities laws, including, without limitation, statements regarding expectations for: Sandisk Corporation’s (the “Company’s”) and Kioxia Holdings Corporation’s planned investments in Japan, including the timing, amount, scope, intended use, and anticipated benefits of those investments; the ongoing buildout of infrastructure at the Yokkaichi Plant and the Kitakami Plant; the impact of artificial intelligence and data-driven applications on demand for high-performance flash memory technologies and the companies’ ability to support such demand; the companies’ long-standing joint venture, including its durability, long-term success, and ability to deliver leading-edge flash memory innovations at scale and with stability; the role of the companies’ investments in supporting economic growth, regional economic development, the long-term growth objectives of the joint venture, multi-year bit-supply growth, and advanced manufacturing scale, and the impact of these investments on the U.S.-Japan relations. These forward-looking statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Key risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements include: adverse changes in global or regional economic conditions, including the impact of evolving trade policies, tariff regimes, and trade wars, and the effects of global health crises; volatility in demand for the Company’s products; pricing trends and fluctuations in average selling prices; inflation; changes in interest rates and a potential economic recession; the impact of business and market conditions; the impact of competitive products and pricing; development and introduction of products based on new technologies and management of technology transitions; risks associated with strategic initiatives, including restructurings, acquisitions, divestitures, cost saving measures and joint ventures; risks related to product defects; difficulties or delays in product ramps, manufacturing or other supply chain disruptions; reliance on strategic relationships with key partners, including Kioxia Corporation; risks related to the Company’s long-term agreements, or "NBMs"; fluctuation of operating results, including due to changes in demand, industry cycle and timing of customer deployments, and the Company’s ability to accurately forecast demand; the attraction, retention and development of skilled management and technical talent; risks associated with the use of artificial intelligence in the Company’s business operations; risks related to financial guarantees and other financial obligations; risks related to the Company’s share repurchase program; changes to the Company’s relationships with key customers or consolidation among the Company’s customer base; compromise, damage or interruption from cybersecurity incidents or other data system security risks; reliance on intellectual property; fluctuations in currency exchange rates; actions by competitors; risks associated with compliance with changing legal and regulatory requirements; and other risks and uncertainties listed in the Company’s filings with the Securities and Exchange Commission (the “SEC”), including the Company’s Annual Report on Form 10-K filed with the SEC on August 17, 2026, to which your attention is directed. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to update or revise these forward-looking statements to reflect new information or events, except as required by law.
Core Lightning potvrdil několik bezpečnostních chyb ve svém softwaru Lightning Network a vyzval provozovatele uzlů k instalaci aktualizace. Do té doby mohou uzly dočasně spustit v režimu offline.
Core Lightning has confirmed multiple security vulnerabilities in its Bitcoin Lightning Network software and has urged node operators to install an upcoming security update or temporarily run their nodes offline.
Summary
Core Lightning confirmed several vulnerabilities after reviewing a large number of AI generated CVE reports. Node operators were urged to install the security update, with offline mode offered as a temporary option for those awaiting an upgrade. Running a node offline stops Lightning payments and routing while allowing the daemon to continue monitoring the Bitcoin blockchain. Core Lightning has not disclosed the flaws’ severity, CVE identifiers or any evidence of exploitation or related losses. Core Lightning said Thursday that its developers had been reviewing a large number of AI-generated Common Vulnerabilities and Exposures reports and confirmed that several submissions identified real problems requiring fixes.
The project advised operators to upgrade as its main recommendation. Operators who have not installed the security release can restart Core Lightning with the –offline option, which prevents the node from connecting to peers and stops payments from entering, leaving or routing through it.
Core Lightning initially described the offline setting as a protective measure while fixes were being prepared, but later clarified that operators should prioritize upgrading once the patched software is available.
Technical details about the newly confirmed vulnerabilities have not been made public. Core Lightning has not disclosed their severity, assigned public CVE identifiers or reported evidence that attackers have exploited the flaws.
Core Lightning nodes can remain active without routing payments Using the –offline setting allows the Core Lightning daemon to remain active while disconnecting the node from the Lightning Network.
Under the configuration, a node does not accept incoming peer connections or attempt to reconnect with existing peers. Payments therefore cannot move through the affected node while the operator waits to install the security update.
Core Lightning said operators should not simply stop the software because an active daemon can continue following the Bitcoin blockchain and respond if another party force-closes a Lightning channel.
A fully stopped node cannot perform the same monitoring while it remains offline. Channel counterparties can publish transactions to Bitcoin when channels are closed, making continued blockchain monitoring part of normal Lightning node operations.
Once operators have installed the patched version, Core Lightning said they should remove the –offline option before restarting normally. Leaving the setting enabled after the upgrade would keep the node disconnected from its peers and prevent it from sending, receiving or routing Lightning payments.
The recommendation applies while developers address vulnerabilities found during their review of AI-generated security submissions. Core Lightning has not publicly described which components are affected or what conditions would be needed to exploit the confirmed flaws.
The project also has not disclosed whether all supported software versions are affected, leaving operators dependent on the upgrade instructions accompanying the security release.
New Core Lightning vulnerabilities follow earlier DoS fixes The newly confirmed problems are separate from denial-of-service vulnerabilities disclosed earlier this year that could remotely crash Core Lightning nodes.
Two related flaws involved memory exhaustion inside separate Core Lightning daemons. One affected connectd, the component handling peer connections, while another affected gossipd, which processes network information used by Lightning nodes.
In the connectd case, a remote peer could trigger unbounded memory use and eventually cause an out-of-memory crash. The issue was patched before the latest vulnerability warning.
Another flaw allowed a remote peer to flood gossipd with channel update messages, causing an internal map used for unknown short channel IDs to continue consuming memory until the machine became unresponsive or crashed.
Both problems relied on resource exhaustion, while Core Lightning has not said whether the newly confirmed vulnerabilities involve similar components or attack methods.
Security fixes requiring node operators to install updated software have also appeared elsewhere in Bitcoin infrastructure this year. In May, crypto.news previously reported that Bitcoin Core disclosed a bug that could allow miners to remotely crash vulnerable nodes.
Tracked as CVE-2024-52911, the issue affected Bitcoin Core releases after version 0.14.0 and before version 29.0. Developers had already fixed it in Bitcoin Core 29.0, released in April 2025, before publicly disclosing the vulnerability in May 2026.
The bug involved Bitcoin Core’s script interpreter during block validation. A specially constructed invalid block could cause a node to access data after the relevant memory had been freed, potentially crashing the software. Bitcoin Core said remote code execution was possible but unlikely because of restrictions on block data.
Bitcoin software projects have continued patching node risks A separate Bitcoin Core privacy flaw was addressed in June through the 31.1rc1 release candidate, alongside changes covering blockchain validation, wallets, networking and MuSig2 security.
The privacy problem affected PrivateBroadcast, a feature designed to reduce the information exposed when transactions are first transmitted. Developers released the fix before the next stable Bitcoin Core version and asked users to test the release candidate before production deployment.
Lightning implementations have faced software-specific problems before as well. In June 2023, operators of Lightning Labs’ LND implementation were warned against upgrading to version 0.16.3 because of a memory leak.
The problem caused the software’s memory use to increase over time and could eventually crash a node. Operators who had already installed LND 0.16.3 were advised at the time to downgrade to version 0.16.2 while developers addressed the issue.
Another Lightning security issue emerged later in 2023 when developer Antoine Riard described replacement cycling attacks that could be used against Lightning payment channels. Riard subsequently stepped back from Lightning Network development after arguing that the problem required changes beyond short-term mitigations.
Riard said at the time that no replacement cycling attacks had been observed or reported in the wild during the preceding 10 months, while a functional test existed for exercising an affected Lightning channel against the Bitcoin Core mempool.
The vulnerability involved replacing an unconfirmed transaction under specific conditions, potentially interfering with the transaction sequence used to protect funds in Lightning channels. Riard said existing mitigations could make attacks harder but did not consider them a permanent solution.
Core Lightning has withheld details of the latest flaws For the current Core Lightning vulnerabilities, operators have received protective instructions before technical disclosure of the underlying bugs.
The project has said several AI-generated CVE submissions were valid, but it has not published the affected functions, attack paths or conditions needed to reproduce the issues.
No losses or successful attacks have been reported in connection with the newly confirmed flaws based on Core Lightning’s disclosure so far.
Operators who have not yet upgraded were instead instructed to use –offline while keeping the daemon running, allowing the software to continue tracking Bitcoin for channel-related transactions without participating in Lightning payments.
After installing the security update, Core Lightning said operators using the temporary configuration must remove –offline to reconnect their nodes to peers and resume normal payment and routing activity.
Core Lightning vyzval provozovatele uzlů, aby přepnuli do režimu –offline, pokud nemají aktualizaci s dosud nezveřejněnou opravou. Detaily zranitelností zůstanou dva týdny pod embargem.
Core Lightning’s maintainers told node operators to run –offline unless they upgrade to a release that has not been published, with the vulnerability details held back for two weeks.
Core Lightning Warns of Several Vulnerabilities
Posted August 27, 2026 at 6:27 am EST.
Core Lightning’s maintainers told node operators Sunday on Discord to restart with the –offline flag unless they upgrade to a release that has not been published. The instruction surfaced Wednesday through a repost on stacker.news. What the fix addresses will stay under embargo for two weeks.
The Discord message said the team has been validating AI-generated CVE reports arriving from multiple sources, and that it would publish binaries carrying fixes for many of the reported vulnerabilities before releasing the source code. Those binaries will carry maintainer signatures confirming reproducibility. Support for previous releases, including 26.04, has been withdrawn, while the scheduled 26.09 release remains planned for late September.
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The Core Lightning team later confirmed the development in a post on X.
Nodes started with the –offline flag drop peer connections, so no payment routes in, out or through them, while the daemon keeps watching the chain and can still respond if a counterparty force-closes a channel. That is why the project told operators not to power down: a switched-off node cannot defend its channels.
Calle, the pseudonymous developer behind the Cashu ecash protocol, drew wider attention to the warning on X with sharper framing, telling users to shut nodes down immediately and calling the issue a critical vulnerability, language the project’s own message does not use.
The Core Lightning scare is the fourth Bitcoin infrastructure alarm in as many weeks. A 2021 Coldcard firmware bug that routed seed generation to a weak software randomizer has drained roughly $114 million in BTC since July 30. Swap bridge Boltz halted service indefinitely on Aug. 3, citing AI-assisted attacks. BTCPay Server told merchants on Aug. 7 to update or shut down over an actively exploited flaw. The common thread is AI-accelerated bug discovery, the so-called Bitcoin Red Team led by Calle earlier in the month reported 85 critical vulnerabilities across 390 projects.
Related Listen: The Chopping Block: ColdCard’s $100M RNG Hack, AI-Powered Security & Ethereum’s Staking Yield Taper
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Moonwell při exploitu podle PeckShield přišel o 8,7 milionu USD poté, co útočník uměle navýšil cenu MAMO a přes falešné kolaterální zajištění si půjčil cbBTC a USDC. Protokol zastavil nové půjčky na Base nastavením borrow capů na 1 wei.
Lending protocol Moonwell lost an estimated $8.7 million to an exploit on Thursday. No smart contract was broken. An attacker simply made MAMO, a small Base token, look far more valuable than it is.
The inflated price let the attacker borrow real assets, including Coinbase Wrapped Bitcoin (cbBTC) and USD Coin (USDC). Security firm Blockaid caught the activity, and Moonwell froze new borrowing within hours.
How the Moonwell Exploit WorkedThe trick was price, not code. Blockaid reported that the attacker manipulated MAMO collateral pricing to drain cbBTC from Moonwell’s mCBTC market. Its first estimate showed 50.6 cbBTC gone, worth more than $4 million.
Blockaid’s Exploit Detection identified suspicious activity against @MoonwellDeFi on Base.
An attacker manipulated MAMO collateral pricing to borrow cbBTC from the mCBTC market.
Observed impact so far: 50.6 cbBTC ($4.0M+) drained
More details to follow. 🧵
— Blockaid (@blockaid_) August 27, 2026
MAMO is the token of Mamo, a yield tool built on Base. Every MAMO in existence is worth about $7.6 million combined, and the token trades near $0.011366. A market that small is cheap to pump.
MAMO Price Performance. Source: BeInCryptoThat was the whole attack. Pump MAMO on thin markets, post it as collateral at the fake price, and borrow assets with real value. Moonwell’s oracle, the system that feeds prices to the protocol, believed the pump.
Security firm PeckShield later put total losses at $8.7 million. That is more than the market value of every MAMO token. The firm said the funds now sit in the DAI stablecoin at a wallet starting with 0xD71d.
Borrow Caps Cut to One Wei as Recovery Questions BeginMoonwell acknowledged the incident in a post, indicating that they were already working to stop the bleeding.
“We are aware of an issue affecting the MAMO Core Market on Base and are actively investigating. As a precaution, borrow caps for all Core Markets on Base have been set to 1 wei, preventing new borrowing and limiting the potential for further impact,” the team wrote.
One wei is the smallest unit possible. The change blocks all new loans without touching withdrawals. Supply caps for MAMO and WELL, Moonwell’s governance token, also fell to one wei.
Thursday’s exploit is not a first. Bad prices, not bad code, keep costing Moonwell money. A wrsETH oracle malfunction created around $3.7 million in bad debt in November 2025. A cbETH oracle misconfiguration added $1.78 million more in February. Pricing failures have now cost the protocol over $14 million in ten months.
The wider sector shows the same weakness. Term Labs lost roughly $8.5 million to a governance exploit on Sunday. Analysts increasingly blame economic design failures rather than broken code for DeFi’s biggest losses.
Moonwell says another update is coming. Two numbers will tell the real story. The first is the final bad debt once MAMO’s price settles. The second is how much cbBTC and USDC remains for suppliers who want out.
Moonwell has halted new borrowing across its Core Markets on Base after an apparent MAMO collateral price manipulation exploit drained about $8.7 million from the decentralized lending protocol.
Summary
Moonwell has restricted new borrowing across its Base Core Markets after an apparent MAMO collateral price manipulation exploit drained about $8.7 million. CertiK said the attacker manipulated the relatively illiquid MAMO token’s collateral price before borrowing real cbBTC from Moonwell’s mCBTC market. Moonwell lowered all Base Core Market borrow caps to 1 wei and also set MAMO and WELL supply caps to 1 wei while it investigates the incident. PeckShield estimated losses at roughly $8.7 million and said the attacker consolidated the stolen funds into DAI at a single address. Moonwell said in an Aug. 27 post on X that it was investigating an issue affecting the MAMO Core Market and had lowered borrow caps across all Core Markets on Base to 1 wei as a precaution, effectively preventing users from opening new borrowing positions while the investigation continues.
“As a precaution, borrow caps for all Core Markets on Base have been set to 1 wei, preventing new borrowing and limiting the potential for further impact,” Moonwell said.
Supply caps for MAMO and WELL were also reduced to 1 wei, while supply limits for other assets were left unchanged, according to the protocol. Moonwell said it would provide further updates once more information became available.
Blockchain security firms PeckShield and CertiK separately estimated that approximately $8.7 million had been taken, while Blockaid traced the apparent attack to manipulation of the MAMO token’s collateral price.
Moonwell exploit used MAMO collateral price to borrow cbBTC According to CertiK, the attacker manipulated the collateral value of MAMO, a relatively illiquid token, before using the inflated collateral to borrow real cbBTC from Moonwell’s mCBTC market.
Blockaid identified the same mechanism, initially reporting that 50.6 cbBTC worth more than $4 million had been drained as it monitored the transactions. PeckShield later estimated total losses at about $8.7 million and said the attacker had consolidated the proceeds into DAI at a single address.
The use of a thinly traded asset as collateral was central to the attack described by the security firms. By changing MAMO’s market price, the attacker was able to increase the value assigned to the collateral position before borrowing assets with deeper liquidity.
MAMO has previously experienced sharp price swings. The token fell after its Coinbase debut in August 2025 after gaining more than 120% during the preceding week. At the time, crypto.news reported that MAMO had reached an all-time high of $0.227 before losing nearly 20% as selling activity increased.
Price pressure returned following Thursday’s security incident. Moonwell’s WELL token was down about 13% over the preceding 24 hours, according to CoinGecko data cited in the initial report, while MAMO had fallen roughly 9% over the same period, according to DEX Screener.
The restrictions imposed by Moonwell cover borrowing across its Base Core Markets, not only the MAMO market where the issue was identified. Existing supply caps for assets other than MAMO and WELL remained unchanged while the team investigated the incident.
Moonwell has faced previous oracle and governance problems Thursday’s incident follows other security problems at Moonwell during 2026, including a pricing failure that left its lending markets with about $1.78 million in bad debt.
In February, an oracle calculation error mispriced Coinbase Wrapped ETH, or cbETH, at roughly $1.12 when the asset was trading near $2,200. The incorrect price allowed liquidators and automated bots to repay positions at the distorted valuation and seize cbETH collateral, according to the protocol’s disclosure cited by crypto.news.
The faulty oracle logic reportedly included code generated with Anthropic’s Claude Opus 4.6 model. Moonwell said at the time that an incorrect scaling factor in the calculation caused the large difference between the oracle value and the market price.
Another Moonwell security issue surfaced the following month when an unknown party acquired about $1,800 worth of MFAM tokens and used the holdings to push a malicious governance proposal through quorum on the protocol’s Moonriver deployment.
The March proposal sought control of seven lending markets, Moonwell’s comptroller and its oracle through an attacker-controlled contract, putting about $1.08 million of assets at risk. Moonwell’s Break Glass Guardian multisig provided an emergency mechanism capable of stopping the proposal before execution, while subsequent votes moved against it.
Unlike the February pricing failure, security firms assessing the Aug. 27 incident have described the latest attack as active manipulation of the market price used for MAMO collateral. Moonwell has not yet published a detailed post-mortem identifying the exact contracts, oracle structure or transaction sequence involved.
DeFi exploits have remained elevated since April The Moonwell exploit comes after a series of large DeFi attacks during the second quarter of 2026, with April accounting for several of the year’s biggest losses.
CertiK warned in April that AI misuse and infrastructure weaknesses were becoming significant parts of crypto security risk. The firm said attackers were using social engineering, infrastructure vulnerabilities and more advanced automated tools, including AI-assisted phishing, deepfakes and exploit techniques.
By April 18, crypto protocols had lost more than $606 million across at least 12 incidents during the month, according to DefiLlama data cited by crypto.news. The total exceeded losses recorded during the entire first quarter of 2026.
Kelp DAO accounted for one of the largest incidents after attackers drained roughly 116,500 rsETH worth about $292 million from its cross-chain setup on April 18.
LayerZero later said the Kelp DAO exploit involved compromised RPC infrastructure used by its decentralized verifier network and affected Kelp DAO’s single-DVN rsETH configuration. The company said preliminary evidence pointed to North Korea-linked TraderTraitor, which it associated with the Lazarus Group.
The incident also affected lending markets holding rsETH. Aave experienced large withdrawals and was left with substantial bad debt after stolen rsETH was used as collateral to borrow other assets, while SparkLend and Fluid restricted affected markets.
In June, Binance Research said April’s DeFi exploits had contributed to about $13 billion in total value locked outflows from on-chain protocols. Its May market report put DeFi TVL at $82.7 billion at the end of April, down 10.7% from the previous month, while exploit losses for the month totaled $635.24 million.
Moonwell has not yet disclosed whether the $8.7 million estimate represents its final loss from the MAMO Core Market incident or whether any of the affected assets can be recovered. The protocol said its investigation remains active and that further information will be released when available.
Věřitelé Hughes Satellite Systems tvrdí, že EchoStar před bankrotem odčerpala z dceřiné firmy přes 1,5 miliardy USD a žádají nezávislé vyšetřování. Soud má dnes rozhodnout o jmenování examinátora.
EchoStar turned a massive spectrum sale into a SpaceX windfall and a stronger balance sheet, but angry creditors are now asking whether a bankrupt subsidiary was drained to make that transformation possible.
The telecom industry’s great balance-sheet reshuffling has entered a new phase. EchoStar (NASDAQ:SATS | SATS Price Prediction) has sold more than $40 billion of spectrum to buyers including AT&T (NYSE:T) and SpaceX (NASDAQ:SPCX), transforming a company once weighed down by enormous capital requirements into one with a valuable SpaceX stake and greater liquidity.
But the restructuring has left several subsidiaries behind — and now creditors want to know whether Hughes Satellite Systems was stripped of assets before it entered bankruptcy.
The $1.5 Billion Allegation EchoStar owns Hughes Satellite Systems, which filed Chapter 11 on Aug. 2 after failing to fund roughly $1.5 billion of debt that matured Aug. 1. Hughes had only $101.6 million of cash at March 31, according to its first-quarter filing.
The bankruptcy petition lists assets and liabilities between $1 billion and $10 billion and 10,001 to 25,000 creditors. Hughes also acknowledges at least $774 million of fixed, liquidated, undisputed, unsecured loan debt.
Bondholders, however, allege the problem was not simply a weak satellite business. Their Aug. 5 motion says EchoStar stripped more than $1.5 billion from Hughes through transactions that benefited the parent at creditors’ expense.
The allegations center on four transactions:
Hughes leased the Jupiter 3 satellite from an EchoStar subsidiary beginning in December 2023 for about $191 million annually, which bondholders call above-market. Hughes paid EchoStar $1.029 billion in dividends during the first quarter of 2024. Hughes reimbursed EchoStar $196 million for taxes — roughly 15 times the amount paid in prior years, according to creditors. EchoStar’s SpaceX agreement included referrals of Hughes subscribers to SpaceX for fees, while disclosures leave unclear which entity receives those fees. Creditors also allege certain Hughes satellite assets and regulatory authorizations may have moved as part of the transaction. A $40 billion spectrum sale and a massive SpaceX stake—while a subsidiary is left behind with $1.5 billion in debt and a creditor war. Why SpaceX Matters The SpaceX transaction makes the allegations particularly interesting for investors.
EchoStar agreed to sell spectrum to SpaceX for approximately $20 billion, including up to $11 billion in SpaceX stock. The transaction ultimately gives SpaceX spectrum for its Starlink direct-to-cell ambitions.
Ironically, Hughes creditors now argue that some assets and economic opportunities connected with that broader transaction may have benefited EchoStar while Hughes entered bankruptcy with insufficient resources to meet its obligations.
That doesn’t prove wrongdoing. It does explain why creditors want an independent investigation rather than an internal review.
Investors Need To Separate EchoStar From Hughes EchoStar itself is not the debtor in the Hughes case, and its liquidity profile has improved after the spectrum transactions and related debt reductions. EchoStar’s June 2026 filing also reflects the company’s transformed balance sheet following the spectrum monetization.
But the legal risk is real. The U.S. Trustee urged the bankruptcy court to appoint an examiner to investigate the $1.5 billion of transactions, following the bondholders’ request. U.S. Bankruptcy Judge Alfredo Perez is scheduled to consider that request today.
Key Takeaway In short, Hughes’ bankruptcy does not automatically put EchoStar in financial danger. It does, however, create a potentially expensive governance problem.
If an independent examiner finds that Hughes transferred value improperly, creditors could pursue recoveries that exceed $1.5 billion. For shareholders, that makes today’s hearing important. EchoStar’s SpaceX windfall may have dramatically improved its balance sheet, but investors should not confuse stronger liquidity with a clean slate.
Contact [email protected] for any questions or corrections.
Zeta Global zvýšila výhled tržeb pro rok 2026 na 1,82 miliardy USD a upravený EBITDA na zhruba 405 milionů USD po růstu kvartálních tržeb o 43,5 % na 442,8 milionu USD.
Key Takeaways ZETA's Q2 revenues jumped 43.5% to $442.8 million, with organic growth of 28%.Zeta Global raised 2026 revenue guidance to $1.82 billion and adjusted EBITDA to about $405 million.ZETA's higher-cost social mix and agency exposure could pressure margins and cash-flow timing. Zeta Global Holdings Corp.’s (ZETA - Free Report) growth prospects include AI-led adoption, expanding customer relationships and Marigold synergies. However, channel-mix pressure, agency exposure and the execution required to achieve full-year GAAP profitability limit the case for a more bullish stance.
AI-Native Momentum Strengthens ZETA’s PositionZeta’s second-quarter 2026 revenues increased 43.5% year over year to $442.8 million, including $48.1 million from Marigold. Excluding acquisitions, revenues grew 28%. Eight of its top 10 industries expanded more than 20% on a trailing-12-month basis, while the sales pipeline increased more than 60% year over year.
The results suggest that enterprises are increasingly consolidating marketing functions onto AI-native platforms capable of delivering measurable returns. Athena became available to all Zeta Marketing Platform customers in the first quarter and is helping simplify workflows and expand platform adoption.
Super-scaled customer ARPU increased 17% to $1.8 million in the second quarter, exceeding Zeta’s 12-16% long-term model. Customers using more than one use case increased 90%, while those using five or more channels rose more than 50%. Cross-sell and upsell deals also grew 43%, indicating that customers are expanding beyond initial platform deployments.
Beat-and-Raise Record Improves VisibilityThe second quarter marked Zeta’s 20th consecutive beat-and-raise quarter. Management lifted its 2026 revenue guidance midpoint to $1.82 billion and raised the adjusted EBITDA midpoint to approximately $405 million. Free cash flow guidance increased to a midpoint of $255 million, representing 63% conversion of adjusted EBITDA.
Zeta also raised its full-year GAAP earnings guidance to 9-11 cents per share after generating second-quarter GAAP net income of $8.2 million, or 3 cents per share. However, the company still posted a $5.1 million GAAP net loss for the first half, making continued second-half operating leverage important.
Marigold integration savings contributed to second-quarter efficiency gains across research and development, general and administrative, and sales and marketing expenses. Cross-selling Marigold’s loyalty offerings with Zeta’s acquire-and-grow use cases provides an additional expansion opportunity.
Cash Generation and Buybacks Support ShareholdersSecond-quarter free cash flow increased 73% year over year to $58 million, while operating cash flow rose 65% to $69 million. Zeta repurchased approximately 1.65 million shares for $29.9 million during the quarter.
As of July 30, the company had spent $74.6 million on share repurchases in 2026 and had approximately $89.4 million remaining under its authorization. Stronger cash generation and active repurchases support shareholder value while giving Zeta flexibility to fund growth initiatives.
Channel Mix and Agency Exposure Warrant CautionZeta’s cost of revenues represented approximately 41% of second-quarter revenues, up 300 basis points year over year, primarily because new agency customers initially adopted higher-cost social channels. Although the ratio improved 10 basis points sequentially and social remains accretive to adjusted EBITDA and free cash flow, slower migration toward Zeta-owned channels could restrain gross-margin improvement.
Management expects third-quarter adjusted EBITDA margin of 24.4-24.7%, up from 20.7% in the second quarter. Achieving this improvement depends on integration savings, expense leverage and a favorable channel mix.
Discretionary industries were among the strongest contributors to first-quarter pipeline growth, while agencies typically have longer payment cycles. Consequently, macroeconomic weakness or slower campaign spending could introduce variability in revenue and cash-flow timing.
Earnings Estimates Remain EncouragingThe Zacks Consensus Estimate for third-quarter 2026 revenues is pegged at $470.48 million, implying 39.5% year-over-year growth. The consensus estimate for earnings of 28 cents suggests growth of 27.3%.
For 2026, the consensus estimate indicates revenues of $1.82 billion and earnings of 98 cents per share, representing respective increases of 39.4% and 34.3%. Revenues and earnings are projected to grow another 14.4% and 26.9%, respectively, in 2027.
Last WordsZeta’s strong AI adoption, expanding pipeline, Marigold synergies and improving cash generation argue against exiting the stock. Nevertheless, channel-mix pressure, discretionary exposure and dependence on second-half execution temper the near-term upside.
The company’s Zacks Rank #3 (Hold) appropriately captures this risk-reward balance. Existing investors may continue holding ZETA while monitoring margin progression, Athena monetization and the transition of agency spending toward Zeta-owned channels.
Stocks to ConsiderA couple of better-ranked stocks in the broader Business Services sector are Bright Horizons Family Solutions Inc. (BFAM - Free Report) and CBIZ, Inc. (CBZ - Free Report) .
Bright Horizons Family Solutions carries a Zacks Rank #2 (Buy) at present. It has a long-term earnings growth expectation of 13.9%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
BFAM delivered a trailing four-quarter earnings surprise of 7.6%, on average.
CBIZ also carries a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 11.6%.
CBZ beat earnings estimates in three of the last four quarters and missed once, with an average earnings surprise of 8.9%.
Akcie Modine za poslední měsíc klesly o 3,9 %, ačkoli společnost v 1. čtvrtletí fiskálního roku 2027 zvýšila upravený zisk na akcii o 44 % na 1,53 USD a tržby o 28 % na 874,1 mil. USD.
It has been about a month since the last earnings report for Modine (MOD - Free Report) . Shares have lost about 3.9% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Modine due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important catalysts.
Modine Q1 Earnings Beat EstimatesModine reported adjusted earnings of $1.53 per share for the first quarter of fiscal 2027, up 44% year over year. The figure beat the Zacks Consensus Estimate of $1.27 by 20.47%.
Net sales increased 28% year over year to $874.1 million but missed the consensus estimate of $876 million by 0.17%. Data Centers sales surged 90%, while three consecutive quarters of record order intake pushed backlog to nearly twice the year-ago level.
Margins Face Supply Chain PressureGross profit rose 10% year over year to $182 million. However, gross margin contracted 340 basis points to 20.8%, reflecting lower margins across all three operating segments.
Adjusted EBITDA increased 5% to $106.5 million, while the corresponding margin declined 270 basis points to 12.2%. Operating income slipped 1% to $74.8 million as higher gross profit was offset by increased expenses supporting growth and the planned Performance Technologies separation.
Data Centers Business Expands RapidlyData Centers revenues jumped to $348.6 million from $183.7 million a year earlier, primarily driven by higher sales to hyperscale customers in North America. Americas sales grew 112%, while EMEA sales advanced 18%.
The segment's adjusted EBITDA rose 27% to $51.7 million, though adjusted EBITDA margin fell to 14.8% from 22.1%. Supply shortages limited production and caused labor inefficiencies and weak overhead absorption. Management estimated that excess labor and under-absorbed overhead reduced the margin by 450-550 basis points.
Commercial HVAC Sales Rise 22%Commercial HVAC sales increased 22% to $261.6 million. Growth reflected higher coil sales to data center customers and $19.7 million of incremental revenues from acquired businesses. Organic sales increased 6%.
Adjusted EBITDA advanced 7% to $41.6 million, while the margin declined to 15.9% from 18.1%. Profitability was affected by acquisition-related business mix, manufacturing consolidation inefficiencies and a greater proportion of lower-margin coil sales. Management expects the segment's margin to improve sequentially through fiscal 2027.
Performance Technologies Sales FallPerformance Technologies revenues declined 3% to $277.8 million. Weak automotive and commercial vehicle demand more than offset higher sales to power-generation customers. Organic sales decreased 4%.
Adjusted EBITDA fell 3% to $36.2 million, while the margin edged down 10 basis points to 13%. Higher material and tariff costs pressured results, with contractual recoveries lagging cost increases. A $2 million reduction in selling, general and administrative expenses partly mitigated these headwinds.
Expenses Increase to Support GrowthSelling, general and administrative expenses rose 22% to $103.3 million, driven by Data Centers investments, acquired Commercial HVAC operations, incentive compensation and separation-related spending. As a percentage of sales, however, SG&A expenses decreased to 11.8%.
The quarter included $3.9 million of restructuring expenses and $7.1 million of costs tied to the planned Performance Technologies spin-off and merger with Gentherm. The transaction remained on schedule for completion in the fourth quarter of calendar 2026, subject to approvals and closing conditions.
Cash Flow Reflects Capacity SpendingNet cash provided by operating activities increased to $41.4 million from $27.7 million. Free cash flow was negative $5 million compared with positive $0.2 million a year earlier, mainly because capital expenditures rose to $46.4 million as the company expanded Data Centers production capacity.
MOD ended the quarter with $95.3 million in cash and cash equivalents and total debt of $528.2 million. Net debt increased to $432.9 million from $362.8 million at the end of fiscal 2026, largely due to treasury-stock purchases associated with employee equity awards.
Fiscal 2027 OutlookModine maintained its fiscal 2027 guidance for net sales growth of 20-35% and adjusted EBITDA of $650-$680 million. The outlook includes Performance Technologies for the full fiscal year and implies adjusted EBITDA growth exceeding 40%.
Data Centers sales are projected to increase 60-80%, while Commercial HVAC revenues are expected to grow 5-10%. Management expects companywide margins to improve sequentially, including a 200-250-basis-point increase in the second quarter, as component availability, production throughput and cost recovery improve.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in fresh estimates.
The consensus estimate has shifted -17.18% due to these changes.
VGM ScoresCurrently, Modine has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with a D. Charting a somewhat similar path, the stock was allocated a score of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Modine has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerModine belongs to the Zacks Automotive - Original Equipment industry. Another stock from the same industry, Mobileye Global (MBLY - Free Report) , has gained 9% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.
Mobileye reported revenues of $508 million in the last reported quarter, representing a year-over-year change of +0.4%. EPS of $0.19 for the same period compares with $0.13 a year ago.
For the current quarter, Mobileye is expected to post earnings of $0.10 per share, indicating a change of +11.1% from the year-ago quarter. The Zacks Consensus Estimate has changed +125% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Mobileye. Also, the stock has a VGM Score of A.
A month has gone by since the last earnings report for ProPetro Holding (PUMP - Free Report) . Shares have added about 3.3% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is ProPetro due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for ProPetro Holding Corp. before we dive into how investors and analysts have reacted as of late.
ProPetro Q2 Loss Wider Than Expected, Revenues Beat EstimateProPetro Holding reported a second-quarter 2026 loss of 7 cents per share, wider than the Zacks Consensus Estimate of a loss of 1 cent. This was due to higher fleet activation costs, unexpected downtime on an out-of-basin project, severe weather in the Permian Basin during June and increased operating expenses, which weighed on earnings. The bottom line was unchanged from the year-ago quarter’s loss of 7 cents.
Revenues of $306 million beat the Zacks consensus estimate of $301 million by 1.8%, primarily due to higher-than-expected Power Generation, Hydraulic Fracturing and Cementing segment revenues, which beat consensus estimates by 97%, 0.5% and 10%, respectively. However, the metric declined 6.2% year over year from $326.2 million in the prior-year quarter, primarily due to lower Wireline revenues, which missed the consensus estimate by 4.9%.
Adjusted EBITDA totaled $44.8 million, up 23% from $36.4 million in the prior quarter. The metric represented roughly 15% of revenues and included $15.8 million of operating lease expense related to the company’s FORCE electric fleets. However, the metric missed our estimate of $46.2 million.
PUMP’s Business Reporting SegmentsProPetro conducts its operations through four reporting segments: Hydraulic Fracturing, Wireline, Cementing and Power Generation. Total revenues increased 13% sequentially from $271 million, primarily due to higher completions utilization and incremental PROPWR deployments.
Hydraulic fracturing revenues totaled $207.2 million, up 15.6% from $179.3 million in the prior quarter. However, the figure missed our estimate of $210.2 million. This segment accounted for approximately 68% of ProPetro’s consolidated second-quarter revenues.
Adjusted EBITDA from hydraulic fracturing increased 19.3% sequentially to $44.2 million. However, performance was affected by upfront maintenance and deployment costs associated with activating the 12th fleet, significant downtime on a temporary out-of-basin customer project and severe Permian Basin weather in June.
Wireline revenues totaled $57.5 million, down 6.9% from the previous quarter. However, the figure beat our estimate of $55.2 million. Adjusted EBITDA from the segment declined 16.2% sequentially to $11.4 million. Management nevertheless described wireline utilization, pricing and margins as resilient.
Cementing revenues increased 15.2% sequentially to $32 million. The figure beat our estimate of $30.5 million. Segment adjusted EBITDA surged to $5.5 million from $2.1 million, supported by improving activity and higher Permian Basin drilling levels.
Power generation revenues rose to $9.3 million from $2.2 million in the prior quarter. The figure beat our estimate of $1.1 million. The segment’s adjusted EBITDA loss narrowed to $0.7 million from $5.3 million. PROPWR also generated positive EBITDA during the quarter’s final two months.
PUMP’s Costs & Financial PositionTotal costs and expenses were $309 million for the second quarter, which was down 6.2% from the prior-year quarter’s level.Cost of services, excluding depreciation and amortization, totaled $234 million. General and administrative expenses increased to $33.1 million from $27.2 million sequentially, primarily due to costs associated with PROPWR’s growth and financing activities. Depreciation and amortization rose to $43.5 million from $40.6 million in the prior quarter. The company reported a net loss of $8.1 million compared with a loss of $3.6 million in the first quarter. Net cash provided by operating activities increased to $66 million from $3 million. The improvement reflected higher adjusted EBITDA and approximately $20 million of working-capital tailwinds. Free cash flow from the completions business totaled $51.1 million.
As of June 30, 2026, ProPetro had $784 million in cash and cash equivalents, including proceeds from its $690 million convertible senior notes offering. Total liquidity was $905 million, including $121 million of available borrowing capacity under the ABL Credit Facility. Long-term debt amounted to $764.9 million. The total debt-to-total capital was 44.4%.
Capital expenditures paid were $61 million, while incurred capital expenditures totaled $71 million. Approximately $24 million supported completions, while $47 million funded PROPWR equipment orders.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates review.
The consensus estimate has shifted -115% due to these changes.
VGM ScoresCurrently, ProPetro has a average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, ProPetro has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerProPetro is part of the Zacks Oil and Gas - Field Services industry. Over the past month, Halliburton (HAL - Free Report) , a stock from the same industry, has gained 12.2%. The company reported its results for the quarter ended June 2026 more than a month ago.
Halliburton reported revenues of $5.71 billion in the last reported quarter, representing a year-over-year change of +3.7%. EPS of $0.55 for the same period compares with $0.55 a year ago.
For the current quarter, Halliburton is expected to post earnings of $0.58 per share, indicating no change from the year-ago quarter. The Zacks Consensus Estimate has changed -0.4% over the last 30 days.
Halliburton has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.
Wall Street spustila první „Neocloud“ ETF zaměřený na firmy pronajímající AI výpočetní výkon hyperscalerům. Fond sází na čistou expozici vůči AI infrastruktuře místo širšího QQQ.
A new ETF launched this August targets the companies renting AI compute directly to hyperscalers, offering something QQQ never could: pure-play exposure to contracted infrastructure backlogs worth hundreds of billions. The tradeoffs, however, are not small.
Invesco QQQ Trust (NASDAQ:QQQ) offers AI exposure through the customers rather than the suppliers. QQQ’s top holdings are the hyperscalers spending on AI infrastructure. That has worked, but QQQ dilutes the pure AI-compute rental trade through hundreds of billions in unrelated market cap. On August 6, 2026, Wall Street launched the first ETF built to isolate that trade: a “Neocloud” fund holding the companies renting AI compute back to those same hyperscalers. It landed the same day as a sister photonics and optics ETF, which carries a 0.65% management fee. The question is whether the trade justifies moving away from QQQ.
What Broad AI Funds Actually Give You QQQ’s AI thesis is second-order. Its megacap holdings sell chips, rent cloud services, and build models, but AI sits inside diversified businesses generating cash from unrelated products. Neocloud names are 100% AI infrastructure, contracted years out, and financed against those contracts. If hyperscaler capex doubles again, QQQ moves modestly. The Neocloud basket moves with it directly.
Names Inside the New ETF CoreWeave (NASDAQ:CRWV) is the anchor. Q2 revenue hit $2.6 billion, up 112% year over year, with a revenue backlog of $104 billion and more than $25 billion in net new customer commitments added early in Q3. Adjusted EBITDA margin was 59%. CEO Michael Intrator described it as an inflection point where “scale began to translate into expanding operating leverage.”
Nebius Group (NASDAQ:NBIS | NBIS Price Prediction) grew revenue 454% to $582 million, with a first-ever capacity auction clearing 15% above its highest prior Blackwell price. Applied Digital (NASDAQ:APLD) sits on $36 billion of total contracted lease value, with roughly 76% tied to investment-grade hyperscalers. TeraWulf (NASDAQ:WULF) signed a 20-year, roughly $19 billion lease with Anthropic for 401 megawatts at its Kentucky campus. IREN inked a five-year, $3.4 billion AI Cloud contract with NVIDIA tied to the eventual deployment of 600,000 GPUs. Lumentum is the optics arm: fiscal Q4 revenue jumped 109% to $1.01 billion, with non-GAAP operating margin at 36.6%.
Where This Basket Actually Wins Against QQQ This is concentration by design, and that is the whole point. QQQ gives you fractional exposure to companies where AI revenue is still buried inside much broader businesses. The neocloud basket, on the other hand, is contracted forward in a big way, with $104 billion at CoreWeave, roughly $37.5 billion at Nebius, and $33 billion at TeraWulf. Every additional dollar of hyperscaler capex, which Applied Digital’s Wes Cummins recently pegged at “nearly $700 billion,” up from around $400 billion, flows straight into the companies that have the power, the sites, and the GPU allocations to absorb it. QQQ catches a sliver of that action. The Neocloud ETF captures the bulk of it.
Tradeoffs Worth Naming In the last week alone, CoreWeave fell 18.63%, and Nebius fell 21.55%. CoreWeave’s Q2 interest expense reached $640 million, versus $267 million a year earlier. TeraWulf posted a $939.92 million net loss driven mostly by non-cash warrant marks. IREN took a $140.4 million non-cash impairment, retiring mining hardware. Customer concentration is real: Nebius disclosed three customers representing 24%, 21%, and 14% of revenue, and TeraWulf leans on Anthropic and Google’s $600 million credit backstop for Fluidstack. None of these names pay a dividend.
The idea is to ride the AI infrastructure wave with guardrails. We wrote a free guide on seven suppliers powering the buildout, from power to cooling to networking, here: 7 Stocks Powering the AI Boom (That Aren’t Chipmakers).
How to Think About the Swap These two funds are structurally very different. QQQ is a broad, diversified core holding you can build a portfolio around. The Neocloud ETF, by contrast, is a satellite that hones in on one specific theme, and it does it through structurally levered, cash-flow-negative businesses. A partial reallocation could make sense here. If you size the Neocloud fund as a modest slice of your AI exposure rather than swapping it in for QQQ entirely, you get that pure-play upside without betting your whole portfolio on capital markets staying open for six companies at the same time. One word of caution, though. If you are working in a taxable account, cost basis matters a lot before you start rotating out of appreciated QQQ shares.
Signals That Would Change the Call Whether this actually works comes down to just two things. First, you have to watch what the hyperscalers are planning to spend on capex. Second, capital markets need to stay open and cooperative. CoreWeave alone raised roughly $18 billion in the second quarter, which gives you a sense of the scale we are talking about. If either of those two pillars weakens, the neocloud ETF will take a much bigger hit than QQQ. But if both hold up, the concentration works in your favor. The smart move is a measured position, sized so that even a total loss would not derail your broader plan, and then weigh that against the diversified exposure a broad tech ETF already gives you.
Contact [email protected] for any questions or corrections.
Astera Labs očekává, že Scorpio bude ve 3. čtvrtletí 2026 jeho největší produktovou řadou, dříve než plánovalo. Tržby za 3. čtvrtletí odhaduje na 540 až 560 milionů USD.
Key Takeaways Astera Labs expects Scorpio to become its largest product family in Q3 2026, ahead of prior plans. Scorpio X-Series delivers up to 2x performance gains for AI workloads through advanced features. ALAB expects Q3 2026 revenue of $540M-$560M, with about 40% sequential growth at the midpoint. Astera Labs (ALAB - Free Report) is benefiting from robust demand for its Scorpio X-Series fabric switches, positioning itself as a formidable competitor to Marvell Technology (MRVL - Free Report) and Credo Technology (CRDO - Free Report) in the AI infrastructure connectivity market. In the second quarter of 2026, ALAB reported record revenues of $392.4 million, up 104% year over year, with Scorpio X-Series entering volume production and set to become the company’s largest product line by the third quarter of 2026.
This momentum is fueled by Scorpio’s advanced features, such as hardware-accelerated Hypercast and In-Network Compute, which deliver up to 2x performance improvements for AI workloads. The COSMOS software platform further enhances customer loyalty by enabling dynamic traffic shaping and real-time performance management.
The Scorpio product family delivered significant growth as the X-Series began shipping in initial production volumes across multiple lane configurations. The high-radix Scorpio X-Series entered volume production and is expected to scale materially during the second half of 2026. Management expects Scorpio to become the company’s largest product family in the third quarter, one quarter earlier than previously projected. The transition will be led by the 320-lane Scorpio X-Series fabric switch, which supports larger accelerator clusters and includes hardware-based Hypercast and in-network compute capabilities.
ALAB’s strong Scorpio demand, broadening customer base and technology leadership suggest it is well positioned to outpace MRVL and CRDO in the evolving AI infrastructure market. For the third quarter of 2026, revenues are expected to be between $540 million and $560 million. The midpoint implies sequential growth of approximately 40%, driven by the Scorpio X-Series production increase, continued Aries PCIe 6 retimer strength and preproduction Taurus shipments for 800-gigabit Ethernet applications.
How Competitors Fare Against ALABALAB is facing stiff competition from other industry players, such as Marvell Technology and Credo Technology. Both companies are making strong efforts in the connectivity space.
In the first quarter of fiscal 2027, Marvell Technology emphasized its strength in 800G PAM4 products, a quick ramp of 1.6T solutions, and expanding traction in Ethernet switching as networking becomes more critical in larger AI clusters. The company also said that the shift toward larger, multi-site AI systems is increasing the importance of data center interconnect modules.
Credo Technology recently announced that it is developing a new open interconnect standard within the Open Compute Project (OCP). It has established the OCP Open Chiplet Economy Lightweight Serial Interconnect (LSI) Workstream, aimed at developing efficient interconnect solutions for AI infrastructure. As part of the initiative, Credo Technology plans to contribute its OmniConnect lightweight AXI framer specification to OCP. The OCP LSI initiative is designed to support an open, interoperable ecosystem where compute, memory and other resources can be combined more efficiently. This could allow data-center operators and AI developers to tailor systems to specific workloads rather than relying on fixed architectures.
ALAB’s Share Price Performance, Valuation, and EstimatesALAB shares have surged 66.9% in the year-to-date period, outperforming the broader Zacks Computer & Technology sector’s increase of 15.7%. The Zacks Internet - Software industry has decreased 4.2% in the same time frame.
ALAB Stock’s Performance
Image Source: Zacks Investment Research
ALAB stock is trading at a premium, with a forward 12-month Price/Sales of 18.23X compared with the Internet - Software industry’s 3.93X. ALAB has a Value Score of F.
ALAB’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 earnings is pegged at $1.19 per share, which has increased 54.5% over the past 30 days. This suggests 142.86% year-over-year growth.
ALAB’s Zacks RankAstera Labs currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Acquisition expands WLFC’s lease portfolio by an additional 12 aircraft and 13 engines | Source: Willis Lease Finance Corp.
COCONUT CREEK, Fla., Aug. 25, 2026 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (the “Company” or “WLFC”), the leading lessor of commercial aircraft engines and global provider of aviation services, today announced that it has closed the transaction to acquire 12 commercial aircraft and 13 aircraft engines.
The acquisition expands WLFC’s aviation asset portfolio and provides additional opportunities to leverage the Company’s integrated leasing, asset management, technical and aftermarket capabilities. WLFC’s global platform provides multiple avenues to deploy and manage these assets with the objective of maximizing utilization and value throughout their lifecycle.
“We believe this acquisition represents an attractive opportunity to put capital to work in assets that fit well with our existing business,” said Austin C. Willis, Chief Executive Officer of WLFC. “It builds on our core strengths in aircraft and engine leasing and reflects our continued focus on disciplined growth and long-term value creation.”
Milbank LLP served as legal counsel to WLFC, and PricewaterhouseCoopers LLP provided accounting, tax, and financial due diligence services to WLFC in connection with the transaction. The seller was advised by Vedder as legal counsel and by KPMG Ireland as tax and accounting advisors in connection with the transaction.
Willis Lease Finance Corporation
Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools, and asset management services through Willis Mitsui & Co. Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.
Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions, or circumstances on which the forward-looking statement is based, except as required by law.
The Company’s actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and the Company’s ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; the Company’s ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to the Company and its customers; the Company’s ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in the Company’s portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.
CONTACT:Lynn Mailliard KohlerDirector, Global Corporate Communications
Perma-Pipe uzavřela novou globální úvěrovou linku s J.P. Morgan v objemu 75,0 milionu USD revolvingového úvěru a 14,0 milionu USD termínovaného úvěru s možností čerpat dalších 50,0 milionu USD. Nahradí více stávajících úvěrů a zvýší likviditu i finanční flexibilitu.
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) (“Perma-Pipe” or the “Company”), a leading global provider of engineered piping and leak detection solutions for energy, infrastructure and industrial markets, today announced the closing of a new global credit facility with J.P. Morgan consists of a $75.0 million revolving credit facility and a $14.0 million term loan facility, and allows the Company access to an additional $50.0 million in incremental capacity.
The new facility replaces and consolidates multiple existing credit facilities maintained by the Company and its subsidiaries across various jurisdictions, creating a more streamlined and centralized financing structure for Perma-Pipe’s global operations. It also provides Perma-Pipe with significantly increased financial capacity, enhanced liquidity and greater flexibility to support working capital requirements, letters of credit, strategic investments and the Company’s continued expansion in key markets.
Saleh Sagr, President and Chief Executive Officer of Perma-Pipe, commented:
“The closing of this global credit facility marks an important milestone for Perma-Pipe. By consolidating multiple credit facilities across jurisdictions into a single global financing arrangement, we have enhanced our financial flexibility, simplified our banking structure and strengthened our ability to manage our growing international operations.
“As we continue to expand across North America, the Middle East and other strategic markets, having a strong, scalable and efficient financial foundation is increasingly important. This facility provides us with the liquidity to support our customers, fund working capital requirements, and pursue attractive growth opportunities.
“We are very pleased to work with J.P. Morgan as our strategic banking partner and appreciate the confidence they have placed in Perma-Pipe. We look forward to building a strong, long-term relationship with the bank as we continue to execute our global growth strategy,” concluded Mr. Sagr.
Matthew Lewicki, Vice President and Chief Financial Officer of Perma-Pipe, added:
“This new global credit facility greatly enhances Perma-Pipe’s global treasury and financing structure. By consolidating multiple facilities across several jurisdictions into a single global credit facility, we have simplified our banking arrangements, strengthened liquidity management and increased visibility and flexibility across the organization. The facility also provides substantial capacity to support our working capital requirements and future growth as our backlog, project activity, and international operations continue to expand, providing a strong financial foundation for Perma-Pipe’s next phase of growth.”
About Perma-Pipe International Holdings, Inc.
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is a global leader in engineered piping and corrosion protection solutions. The Company provides pre-insulated piping systems, leak detection systems, anti-corrosion coatings and related engineered products and services to customers across the energy, district energy, infrastructure, industrial, Oil & Gas, water transmission, and other critical infrastructure markets.
Perma-Pipe operates manufacturing and service facilities across North America, Middle East, North Africa, India and other strategic markets, enabling the Company to serve customers globally while providing local manufacturing and engineering capabilities.
For more information, visit www.permapipe.com.
Forward-Looking Statements
Certain statements and other information contained in this press release that can be identified by the use of forward-looking terminology constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby, including, without limitation, statements regarding the expected future performance and operations of the Company. These statements should be considered as subject to the many risks and uncertainties that exist in the Company's operations and business environment. Such risks and uncertainties include, but are not limited to, the following: (i) the impact of a health pandemic on the Company's results of operations, financial condition and cash flows; (ii) fluctuations in the price of oil and natural gas and its impact on the customer order volume for the Company's products; (iii) the Company's ability to comply with all covenants in its credit facilities; (iv) the Company’s ability to repay its debt and renew expiring international credit facilities; (v) the Company’s ability to effectively execute its strategic plan and achieve profitability and positive cash flows; (vi) the impact of global economic weakness and volatility; (vii) fluctuations in steel prices and the Company’s ability to offset increases in steel prices through price increases in its products; (viii) the timing of order receipt, execution, delivery and acceptance for the Company’s products; (ix) decreases in government spending on projects using the Company’s products, and challenges to the Company’s non-government customers’ liquidity and access to capital funds; (x) the Company’s ability to successfully negotiate progress-billing arrangements for its large contracts; (xi) aggressive pricing by existing competitors and the entrance of new competitors in the markets in which the Company operates; (xii) the Company’s ability to purchase raw materials at favorable prices and to maintain beneficial relationships with its suppliers; (xiii) the Company’s ability to manufacture products free of latent defects and to recover from suppliers who may provide defective materials to the Company; (xiv) reductions or cancellations of orders included in the Company’s backlog; (xv) the Company's ability to collect an account receivable related to a project in the Middle East; (xvi) risks and uncertainties related to the Company's international business operations; (xvii) the Company’s ability to attract and retain senior management and key personnel; (xviii) the Company’s ability to achieve the expected benefits of its growth initiatives; (xix) the Company’s ability to interpret changes in tax regulations and legislation; (xx) the Company's ability to use its net operating loss carryforwards; (xxi) reversals of previously recorded revenue and profits resulting from inaccurate estimates made in connection with the Company’s percentage-of-completion revenue recognition; (xxii) the Company’s failure to establish and maintain effective internal control over financial reporting; and (xxiii) the impact of cybersecurity threats on the Company’s information technology systems. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at https://www.sec.gov and under the Investor Center section of our website (http://investors.permapipe.com).
View source version on businesswire.com: https://www.businesswire.com/news/home/20260826082306/en/
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Calgary, Alberta--(Newsfile Corp. - August 27, 2026) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian and Canadian hydrocarbon basins, is pleased to announce the filing of its Interim Condensed (unaudited) Consolidated Financial Statements and Management's Discussion and Analysis ("MD&A") for the three months ended June 30, 2026, which are available on SEDAR (www.sedarplus.ca) and will also be available shortly on Arrow's website at www.arrowexploration.ca.
Q2 2026 Highlights:
Recorded $34.2 million of total oil and natural gas revenue, net of royalties, representing a 116% increase when compared to the same period in 2025 (Q2 2025: $15.9 million).Average corporate production of 4,902 boe/d representing a 30% increase when compared to the same period in 2025 (Q2 2025: 3,768 boe/d).Adjusted EBITDA(1) of $25.1 million, a 300% increase when compared to the same period in 2025 (Q2 2025: $6.3 million). Realized corporate operating netbacks(1) of $63.42/boe. Cash position of $28.5 million at the end of Q2 2026 and no debt.Q2 2026 operating cashflows of $15.7 million. Drilled one successful exploration well and two additional development wells in the Icaco field (IC) and one horizontal development well in the Mateguafa Attic field in the Tapir blockNet income of $10.4 million (Q2 2025: loss of 0.9 million)(1)Non-IFRS measures - see "Non-IFRS Measures" section below
Post Period End Highlights:
Drilled two development wells, and spudded a third, at the Icaco fieldCompleted the acquisition of the Thorsby field in Alberta, Canada adding production, proved reserves and additional upside opportunities for development drilling (please refer to press release dated August 13, 2026 for more details). Recompleted two Carrizales Norte wells to increase productionTapir Extension
The Company continues constructive engagement with authorities regarding the Tapir block extension and believes it is well positioned to secure the extension based on satisfaction all of the relevant requirements. Arrow will keep the market updated on progress with its license extension discussions in future releases.
Marshall Abbott, CEO of Arrow Exploration Corp., commented:
"The second quarter of 2026 has been very productive for Arrow, our best quarter yet. The discovery of the Icaco field has resulted in the beginning of a large development plan. The multi-formation discovery will result in additional reserves and drilling inventory for Arrow. We are excited by the Icaco discovery; it has become a major production platform with a material impact on the Company."
"Arrow significantly increased revenue and EBITDA while sustaining increased production, which, along with a robust balance sheet, supports the ongoing capital program. The focus for the remainder of 2026 will be to drill additional wells at the Icaco pad, and numerous well recompletions to improve productivity in our currently most prolific fields."
FINANCIAL AND OPERATING HIGHLIGHTS
(in United States dollars, except as otherwise noted)
Three months ended June 30, 2026
Six months
ended June 30, 2026
Three months ended June 30, 2025
Total natural gas and crude oil revenues, net of royalties
34,219,743
57,718,059
15,868,938
Funds flow from operations (1)
18,904,806
30,462,029
3,994,525
Funds flow from operations (1) per share -
Basic($)
0.07
0.11
0.01
Diluted ($)
0.07
0.11
0.01
Net income (loss)
10,357,179
15,578,650
(934,735)Net income (loss) per share -
Basic ($)
0.04
0.05
(0.00) Diluted ($)
0.04
0.06
(0.00)Adjusted EBITDA (1)
25,164,710
39,225,167
6,269,979
Weighted average shares outstanding -
Basic
285,864,348
285,864,348
285,864,348
Diluted
289,523,559
288,231,181
295,209,883
Common shares end of period
285,864,348
285,864,348
285,864,348
Capital expenditures
9,361,608
17,243,943
14,771,206
Cash and cash equivalents
28,495,045
28,495,045
13,212,417
Current Assets
49,536,264
49,536,264
20,213,917
Current liabilities
35,021,378
35,021,378
19,820,706
Adjusted working capital(1)
14,514,886
14,514,886
393,211
Long-term portion of restricted cash
274,377
274,377
154,849
Total assets
126,194,668
126,194,668
92,729,950
Operating
Natural gas and crude oil production, before royalties
Natural gas (Mcf/d)
574
824
1,587
Natural gas liquids (bbl/d)
5
5
10
Crude oil (bbl/d)
4,801
4,666
3,493
Total (boe/d)
4,902
4,808
3,767
Operating netbacks ($/boe) (1)
Natural gas ($/Mcf)
($1.71)
($1.07)
($1.45)Crude oil ($/bbl)$64.90
$54.17
$30.08
Total ($/boe)$63.42
$52.44
$27.36
(1)Non-IFRS measures
DISCUSSION OF OPERATING RESULTS
During Q2 2026, the Company's production continued to increase due to additional volumes of oil crude production from the Mateguafa Attic and the new Icaco field in the Tapir block, offset by decreased production in other fields due to natural declines. This has allowed the Company to continue its healthy level of operating results and EBITDA.
Average Production by Property
Average Production Boe/d
YTD 2026
Q2 2026
Q1 2026
YTD 2025
Q4 2025
Q3 2025
Q2 2025
Oso Pardo
101
104
98
114
95
103
131
Rio Cravo Este (Tapir)
817
753
881
1,043
996
1,065
996
Carrizales Norte (Tapir)
1,338
1,253
1,424
1,991
1,702
1,879
2,070
Alberta Llanos (Tapir)
284
275
294
474
446
943
296
Mateguafa (Tapir)
2,031
2,228
1,833
127
500
-
-
Icaco (Tapir)
95
188
-
-
-
-
-
Total Colombia
4,666
4,801
4,530
3,749
3,739
3,990
3,493
Fir, Alberta
79
90
67
100
107
29
100
Pepper, Alberta
64
11
118
162
129
47
170
KEHO, Alberta
-
-
-
1
-
-
5
TOTAL (Boe/d)
4,809
4,902
4,715
4,012
3,975
4,065
3,768
The Company's average production for the three months ended June 30, 2026 was 4,902 boe/d, which consisted of crude oil production in Colombia of 4,801, natural gas production of 574 Mcf/d, and minor amounts of natural gas liquids. The Company's Q2 2026 production was 30% higher than its Q2 2025 production and 4% higher than Q1 2026, due to the Mateguafa Attic and Icaco fields additional volumes, offset by declines in other fields.
DISCUSSION OF FINANCIAL RESULTS
The Company realized prices of $89.65 and $76.95 per boe during the three months ended June 30, 2026 (2025: $53.33) due to overall increase in crude oil and natural gas prices during the first half of 2026, offset by decreases in natural gas prices.
Three months ended June 30
2026
2025
Change
Benchmark Prices
AECO (C$/Mcf)$1.55
$1.72
(10%)
Brent ($/bbl)$96.87
$69.80
39%
West Texas Intermediate ($/bbl)$92.85
$63.70
46%
Realized Prices
Natural gas, net of transportation ($/Mcf)$1.24
$1.27
(2%)
Natural gas liquids ($/bbl)$47.85
$51.76
(8%)
Crude oil, net of transportation ($/bbl)$91.34
$56.87
61%
Corporate average, net of transport ($/boe)(1)$89.65
$53.33
68%
(1)Non-IFRS measure
OPERATING NETBACKS
The Company also continued to realize good oil operating netbacks, as summarized below:
Three months ended June 30
2026
2025
Natural Gas ($/Mcf)
Revenue, net of transportation expense$1.24
$1.27
Royalties
($0.27)
($0.10)Operating expenses
($2.68)
($2.61)Natural Gas operating netback(1)
($1.71)
($1.45)Crude oil ($/bbl)
Revenue, net of transportation expense$91.34
$56.87
Royalties
($11.39)
($6.63)Operating expenses
($15.05)
($20.17)Crude Oil operating netback(1)$64.90
$30.08
Corporate ($/boe)
Revenue, net of transportation expense$89.65
$53.33
Royalties
($11.18)
($6.18)Operating expenses
($15.05)
($19.79)Corporate Operating netback(1)$63.42
$27.36
(1)Non-IFRS measure
The operating netbacks of the Company for the three and six months ended June 30, 2026 have improved due to the overall increase in crude oil prices, as well as increased production. The Company continues to develop alternatives to trucking water for disposal in order to improve operating costs. During Q2 2026, the Company incurred $7.6 million of capital expenditure, primarily in connection with the drilling of additional development wells in the Tapir block. This tempo is expected to continue during the remainder of 2026, funded by cash on hand and cashflow.
Arrow Exploration Corp. (operating in Colombia via a branches of its 100% owned subsidiary Arrow Exploration Switzerland GmbH) is a publicly traded company with a portfolio of premier Colombian oil assets that are underexploited, under-explored and offer high potential growth. The Company's business plan is to expand oil production from some of Colombia's most active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin. The asset base is predominantly operated with high working interests, and the Brent-linked light oil pricing exposure combines with low royalties to yield attractive potential operating margins. Pursuant to certain private agreements entered between Arrow and its partner, Arrow is entitled to receive 50% of the production from the Tapir block and has the right to request approval to Ecopetrol S.A. for the assignment of 50% of all rights, interests and obligations under the Tapir Association Contract. Arrow is listed on the AIM market of the London Stock Exchange and on TSX Venture Exchange under the symbol "AXL".
Forward-looking Statements
This news release contains certain statements or disclosures relating to Arrow that are based on the expectations of its management as well as assumptions made by and information currently available to Arrow which may constitute forward-looking statements or information ("forward-looking statements") under applicable securities laws. All such statements and disclosures, other than those of historical fact, which address activities, events, outcomes, results or developments that Arrow anticipates or expects may, could or will occur in the future (in whole or in part) should be considered forward-looking statements. In some cases, forward-looking statements can be identified by the use of the words "continue", "expect", "opportunity", "plan", "potential" and "will" and similar expressions. The forward-looking statements contained in this news release reflect several material factors and expectations and assumptions of Arrow, including without limitation, Arrow's evaluation of the impacts of global pandemics, the potential of Arrow's Colombian and/or Canadian assets (or any of them individually), the prices of oil and/or natural gas, and Arrow's business plan to expand oil and gas production and achieve attractive potential operating margins. Arrow believes the expectations and assumptions reflected in the forward-looking statements are reasonable at this time, but no assurance can be given that these factors, expectations, and assumptions will prove to be correct.
The forward-looking statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Glossary
Bbl/d or bop/d: Barrels per day
$/Bbl: Dollars per barrel
Mcf/d: Thousand cubic feet of gas per day
Mmcf/d: Million cubic feet of gas per day
$/Mcf: Dollars per thousand cubic feet of gas
Mboe: Thousands of barrels of oil equivalent
Boe/d: Barrels of oil equivalent per day
$/Boe: Dollars per barrel of oil equivalent
MMbbls: Million of barrels
BOE's may be misleading particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 bblis based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
This Announcement contains inside information for the purposes of the UK version of the market abuse regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").
Non‐IFRS Measures
The Company uses non-IFRS measures to evaluate its performance which are measures not defined in IFRS. Working capital, funds flow from operations, realized prices, operating netback, adjusted EBITDA, and net debt as presented do not have any standardized meaning prescribed by IFRS and therefore may not be comparable with the calculation of similar measures for other entities. The Company considers these measures as key measures to demonstrate its ability to generate the cash flow necessary to fund future growth through capital investment, and to repay its debt, as the case may be. These measures should not be considered as an alternative to, or more meaningful than net income (loss) or cash provided by operating activities or net loss and comprehensive loss as determined in accordance with IFRS as an indicator of the Company's performance. The Company's determination of these measures may not be comparable to that reported by other companies.
NOT FOR RELEASE, DISTRIBUTION, PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311664
Source: Arrow Exploration Corp.
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