Elon Musk couldn’t hide his delight after unveiling his new Tesla supercar “The Roadster” that could fly and hit 60 mph in under a second.
The SpaceX founder, 55, told guests at an event held at a SpaceX site in McGregor, Texas, on Thursday that the next-generation all-electric vehicle “can basically fly like a rocket”, can do “rolls”, and “crazy gymnastics” while it was being showcased.
“Well it worked,” Musk quipped alongside Tesla’s Vice President of Vehicle Engineering Lars Moravy and Tesla’s Chief Designer Franz von Wolzhausen after the demonstration passed without any accident.
Tesla unveiled its new Roadster car that Elon Musk said ‘can basically fly like a rocket’ via REUTERS
Musk said he thought he was “crazy” when he suggested the concept of the Roadster 2 to his team, teasing that the vehicle was “better than any James Bond car.”
“We need an audience to prove that it’s not AI or SI,” Musk told the crowd. “So, you guys can tell people that you saw it with your eyes. Because what you see with your eyes, you will not believe.
“You’re going to see what happens when you have a collaboration with the world’s best car company and the world’s best rocket company. This is the culmination of incredible work by Tesla and Space X engineers working closely together to make something that you haven’t seen in any movie.”
The car drove upside down on a curved ramp using a suction system and turned in the air.
“We have a fan suction system on the bottom of the car that can pull up to 2Gs (twice the force of gravity) in order to make the car upside down,” Moravy said, explaining the function.
“Then we borrowed some technology from SpaceX to do the rest. This car really sucks. This car could suck the chrome off a trailer hitch. It could suck a tennis ball through a hose pipe,” Moravy added.
Tesla’s Roadster will be its only manually driven car that it makes.
The car, which didn’t have a human driver inside because Musk didn’t want to “kill anyone,” landed using its built-in thrusters.
The car, which has a steer-by-wire system built in, then performed a kick-flip demo in the next segment of the presentation.
The car drove upside down on a curved ramp using a suction system and turned in the air. via REUTERS
It zoomed towards a truck and other cars part of the Tesla fleet before thrusting up into the air to an altitude of around 21 feet before rotating and landing.
The car, which can reach a top speed of up to 230 mph and has a battery range of at least 300 miles, was engulfed in the cloud of smoke produced by the jets.
A zero to 60 mph speed test was carried out and the car clocked a time of 0.81 seconds. But Musk suggested the car might be able to exceed its 230 mph top speed.
“I think you got to crack halfway to the speed of sound — Mach 0.5,” he said, which was met with sniggers by Franz von Holzhausen, Tesla’s Chief Designer, and Moravy.
Fans were left in awe by what they had seen during the event, which was livestreamed by Tesla.
“Elon Musk just made Turbo Boost a reality,” one said, including a nod to the iconic scene from the 1980s show “Knight Rider” where Michael Knight, played by David Hasselhoff, pressed the turbo boost button on K.I.T.T’s dashboard.
“A bunch of guys my age have been waiting our whole lives for this.”
The car appeared to fly over a truck and other Tesla models. Tesla
“Turns out the future does have flying cars,” Musk later quipped on X, reveling in the achievement.
Musk has previously teased the prospect of flying cars.
During an appearance on Joe Rogan’s podcast “The Joe Rogan Experience” last October, Musk teased the demonstration would be “unforgettable” and said, “I think it has a shot of being the most memorable product unveil ever.”
Production will start in 2028 and a “performance” version of the vehicle requires a $50,000 deposit.
A so-called “Thrust” version that comes with “acceleration thrusters” will require a $250,000 deposit.
During the event, Musk claimed the car will be “on the roads” before slightly backtracking.
The car went from zero to 60mph in less than a second. Tesla
“You know I’m not necessarily sure it’s legal in all jurisdictions,” he said.
“But there will be such a car that someone can own.”
“Depends on your street, but it’ll be a viable car,” he said in response to an audience member if the car would be road legal.
Tesla’s new Roadster comes 18 years after the original Roadster, Tesla’s first EV, hit the market.
The company is shifting its focus towards artificial intelligence-led self- driving tech and robotics.
Tesla has stopped selling its Model S and X cars. The company will publish its Q3 2026 financial results on Oct. 21.
Amazon hrozí, že pokud bude v New Yorku schválen zákon na ochranu doručovatelů (Delivery Protection Act), uzavře 15 skladů a zruší až 7 000 pracovních míst.
Amazon has vowed to close more than a dozen warehouses and shed thousands of workers across New York City over a labor bill being pushed by Mayor Zohran Mamdani — and the e-commerce giant is likely to make good on the threat if the controversial legislation is enacted, industry experts told The Post.
The Delivery Protection Act would force Amazon to directly hire upwards of 5,000 delivery workers citywide who are currently employed by third-party contractors. Proponents say the legislation will increase workers’ pay and improve safety conditions at Amazon and other delivery firms including FedEx and DoorDash.
But Amazon doesn’t directly employ delivery workers anywhere else in the country — and has a history of fiercely resisting efforts to change its policies in the US and abroad. The result, according to experts, could be not only that those 5,000 delivery jobs move out of the city, but also that Amazon shutters its 15 last-mile warehouses in the Big Apple and fires the additional 2,000 workers that staff them.
This warehouse is one of seven that Amazon closed in Quebec last year. Bloomberg via Getty Images Early last year, Amazon closed seven warehouses in Quebec near Montreal amid a labor fight involving one of its last-mile facilities. The union, Confédération des syndicats nationaux (CSN), had organized the 300 workers at a warehouse in the town of Laval.
By March 2025, some 1,900 Canadians across seven warehouses and 2,800 delivery contractors for those facilities had lost their jobs.
“Amazon will retaliate, because it has to send a firm message to the rest of the country that ‘If you mess with us, this is what will happen,’” said Marc Wulfraat, president and founder of Montreal-based logistics consulting firm, MWPVL International.
“When you look at Amazon’s global operations, they close buildings left, right and center when there is union activity.”
According to real estate listings, the Montreal facilities are now vacant, with Amazon still paying rent on more than 1.6 million square feet of space that it spent hundreds of millions of dollars to build, according to Wulfraat. At least two facilities are being offered as subleases.
There are 40 delivery companies in the Big Apple that worry Amazon will move its facilities outside the city. Helayne Seidman for the NY Post The Delivery Protection Act — first introduced a year ago by Queens Council Member Tiffany Cabán and reintroduced in 2026 — has strong support in the City Council with some 34 co-signers. But several, including Speaker Julie Menin, are “uncomfortable” with potential job losses, a source close to negotiations said.
“This bill will have to pass in some form,” particularly since the mayor supports it, the source told The Post, adding that the final result may make “both sides unhappy.”
Compromises that have been discussed include allowing independent contractors to continue to perform deliveries while requiring Amazon to provide more safety guarantees for workers, the source said. No vote has been scheduled.
Industry experts say parallels between Quebec and New York can’t be ignored, even as Amazon employs directly or indirectly more than 12,000 hourly workers in New York — more than twice as many as it did in Quebec.
Those include the 2,000 workers that staff last-mile warehouses and 5,000 more to deliver the goods. The Delivery Protection Act wouldn’t affect 5,500 workers at Amazon’s giant JFK8 fulfillment center on Staten Island, who voted to unionize in 2022 — a first at an Amazon US facility — but who still lack a collective bargaining agreement.
Downtown Montreal’s Amazon deliveries are serviced by an independent logistics provider, Intelcom. AFP via Getty Images While Amazon employs unionized workers in Europe, it has made headlines since the pandemic battling unions in the US. It’s now locked in litigation over allegedly hardball tactics it has used to fight labor organization in Bessemer, Ala., and Staten Island.
In April, the National Labor Relations Board ordered Amazon to the bargaining table with the Teamsters in Staten Island, but Amazon has filed lawsuits questioning the legitimacy of the NLRB.
“Amazon will say or do whatever it takes to deny workers stronger rights and wages and abdicate its responsibilities for its own employees,” the Teamsters said in a statement.
The risks posed by the Delivery Protection Act are not lost on the 40 independent companies that employ the 5,000 delivery workers in New York City.
“Look at what happened in Quebec,” Kris Basmagy, owner of DashWave Delivery, which handles Amazon’s deliveries on Manhattan’s Upper East Side, told The Post. “There was pressure on Amazon’s model, and it pulled out.”
Mayor Zohran Mamdani recently threw his support behind the Delivery Protection Act. Erik Pendzich/Shutterstock Basmagy, who employs 150 delivery workers, added that nothing is stopping Amazon from replacing its New York City facilities with some of the “warehouses being built along the New Jersey Turnpike.”
Amazon is still tied up in litigation in Quebec, where it denies that it closed its warehouses because of CSN’s organizing activity. The union filed a complaint with Quebec’s labor tribunal, but even if it proves that Amazon violated labor laws, Amazon faces at most a fine and potential consumer backlash, according to a CBC News report.
A class action lawsuit filed by an Amazon Prime customer in Quebec in February 2025 claims that the warehouse closures slowed Amazon’s delivery times beyond the one- and two-day guarantee for Prime service — with some deliveries instead taking as long as four to six days.
In May, a Quebec court ruled that the case can proceed. Still, plaintiffs who are seeking refunds admit the disruption only lasted about two months, according to the complaint. Amazon says service hasn’t suffered since a large Canadian logistics company, IntelCom, took over its Quebec deliveries.
“Then they got their act together and stopped the delays,” said Saro Turner, a partner in the law firm Slater Vecchio, which filed the suit.
Speaker of the New York City Council Julie Menin is uncomfortable with the prospect of potential job losses associated with the delivery bill. Brigitte Stelzer for NY Post In New York, Amazon maintains that delivery times and prices for customers would increase if it closed its warehouses. New York is “fundamentally different” from Quebec, where Amazon operated “far fewer sites,” according to Amazon spokesperson Steve Kelly.
The company bankrolled a study by AKFR showing that the Delivery Protection Act would cost New Yorkers an extra $664 extra a year — or about $5.20 per package. That figure covers deliveries made by other companies, including FedEx and Doordash.
“New York City is one of the largest and most complex delivery regions in the country,” Kelly said in a statement. “It’s best served by a network of local small businesses deeply embedded in their communities and leveraging our operations infrastructure.”
Amazon deliveries in New York would slow permanently if it closed its last-mile facilities in the city, according to a source with knowledge of Amazon’s operations. Same-day deliveries and those that occur within hours of placing an order would take the biggest hit. The number of items that fall under the Prime promise would also shrink, this source said.
“There are a lot of same-day and same-morning deliveries in the city” that could arrive the next day, the source said.
Some 5,000 delivery jobs are at risk if Amazon is forced to hire its own delivery employees. Christopher Sadowski Amazon’s last-mile facilities in Brooklyn and Queens include one in Red Hook at 270 Richards St. and another in Maspeth at 55-15 Grand Ave. Last-mile warehouses in Manhattan include an 87,000-square-foot facility at 706 11th Ave., according to a report on safety issues from New York City Comptroller Mark Levine.
“Amazon wouldn’t blink about shutting down the 15 facilities in New York City if it felt that the legislation was a threat to its business model,” said Brittain Ladd, a logistics and retail consultant and former Amazon executive. “This is about a model that could be copied in other cities.”
The delivery companies say they are the collateral damage in this struggle.
“There is a laser focus on punishing Amazon no matter what the repercussions might be, what it does to us as business owners, fathers and husbands,” Basmagy said. “It’s as if we no longer exist.”
WGA Transit, which has actively recruited formerly incarcerated and homeless workers to deliver Amazon packages in Harlem, will be forced out of business if the Delivery Protection Act is enacted in its current form, owner Joe Artus told The Post.
“I have a 21-month-old daughter,” Artus told The Post. “If this thing passes, there is no way for my company to exist or to keep my 189 employees.”
Prezident Microsoftu Brad Smith varoval, že zpřísnění imigrační politiky Trumpovy administrativy může odradit špičkové inženýry v oblasti AI od práce v USA.
By You're currently following this author! Click to unsubscribe from email alerts.
Brad Smith, the president of Microsoft, defended the company's use of visas and green cards. Paulo Nunes dos Santos/Bloomberg via Getty Images If America wants to win the AI race, sending the world's brightest engineers packing might not be a winning strategy.
That's the warning from Microsoft President Brad Smith, who said the Trump administration's immigration crackdown risks driving the next generation of AI talent away from the United States.
"I think we should all be worried about sending intentionally or inadvertently or otherwise, signals that send the most talented next wave of AI software engineers to other countries rather than the United States," Smith said in an episode of Politico's "The Decoded Podcast" that aired on Thursday.
His comments come after the Trump administration announced last week that it was suspending Microsoft, Adobe, and several other technology companies from a federal program that sponsors foreign workers for permanent residency.
Vice President JD Vance accused Microsoft of abusing the Permanent Labor Certification, or PERM, program by laying off American employees while hiring lower-paid foreign workers.
Sam Altman explains why AI will replace 40% of your work
Smith, who Business Insider reported was recently put in charge of Microsoft's communications, pushed back against those allegations, saying the administration had presented a misleading picture of Microsoft's hiring practices.
US Vice President JD Vance has criticized Microsoft's use of visa programs. Daniel Heuer-Pool/Getty Images "What was presented as Microsoft replacing 6,000 people who lost their jobs with 9,000 foreigners was frankly completely off base," he said.
Smith said most of the company's visa and green card applications concerned existing employees rather than new hires, adding that Microsoft had hired 9,200 American workers in its last fiscal year.
"That was left out of the narrative," he said.
He also rejected suggestions that Microsoft pays foreign workers less than their American counterparts, saying employees are compensated under the same system regardless of immigration status.
The American dream, on holdThe dispute comes amid growing uncertainty for skilled foreign workers in the US.
Business Insider previously reported that the Trump administration's shifting immigration policies have prompted some international workers to explore opportunities abroad, including in countries like the UK, Germany, and Canada.
An analysis of federal data by Business Insider found that certified H-1B applications fell 10% in the first nine months of fiscal year 2026 compared with the same period a year earlier. Applications for data scientists, however, rose 22.5%, highlighting continued demand for specialized AI talent.
On the Politico podcast, Smith cited immigrants' economic contributions as evidence of what America stands to lose.
He said that five of the six technology and science medal recipients recently honored by President Donald Trump had immigrated to the United States.
President Donald Trump awards tech execs and founders some of the country's highest scientific honors. Win McNamee/Getty Images According to Smith, the companies associated with those five individuals collectively represent more than a quarter of the S&P 500's market value.
Their contributions, he said, benefit not just technology employees but ordinary Americans whose retirement savings and pension funds are invested in those businesses.
"Think about what those five individuals have done for the well being, even the wealth and standard of living, of Americans across the country," Smith said.
"Let's not put that at risk."
Read next
Business Insider tells the innovative stories you want to know
Business Insider tells the innovative stories you want to know
Business Insider tells the innovative stories you want to know
Business Insider tells the innovative stories you want to know
Thibault Spirlet You're currently following this author! Click to unsubscribe from email alerts.
Thibault is a tech reporter at Business Insider's London office.He covers the intersection of technology and work — focusing on AI’s impact on the workplace, job and cognitive skills, and how economic changes are affecting careers.Before moving to the trending team, Thibault covered international affairs, including the Russia-Ukraine war, tensions in the South China Sea, and Russia’s economy on the news desk.He has previously worked at the Daily Express and held internships at Agence France-Presse, Politico Europe, and Factal.Il parle français. Habla español.Email Thibault at [email protected], connect with him on LinkedIn @ThibaultSpirlet, or follow him on X @ThibaultSpirlet and BlueSky @thibaultspirlet.bsky.social.Expertise
AI and the future of work Job and cognitive skills in the AI economyWorkforce trendsFirst-person, "as-told-to" stories AI Artificial Intelligence Immigration More Microsoft
M&T Bank ve třetím čtvrtletí 2026 vykázala čistý zisk ve výši 775 milionů USD, tedy 5,04 USD na zředěnou akcii; průměrný objem úvěrů mezikvartálně vzrostl o 2,6 miliardy USD.
, /PRNewswire/ -- M&T Bank Corporation ("M&T" or "the Company") reports quarterly net income of $775 million or $5.04 of diluted earnings per common share.
(Dollars in millions, except per share data)
3Q26
2Q26
3Q25
Earnings Highlights
Net interest income
$ 1,793
$ 1,792
$ 1,761
Taxable-equivalent adjustment
12
12
12
Net interest income - taxable-equivalent
1,805
1,804
1,773
Provision for credit losses
135
120
125
Noninterest income
743
740
752
Noninterest expense
1,393
1,349
1,363
Net income
775
818
792
Net income available to common shareholders - diluted
732
781
754
Diluted earnings per common share
5.04
5.32
4.82
Return on average assets - annualized
1.40 %
1.51 %
1.49 %
Return on average common shareholders' equity - annualized
11.44
12.30
11.45
Average Balance Sheet
Total assets
$ 218,860
$ 216,532
$ 211,053
Interest-bearing deposits at banks
14,209
15,061
17,739
Investment securities
38,552
38,728
36,559
Loans
143,296
140,650
135,890
Deposits
166,777
163,524
162,576
Borrowings
19,225
20,794
15,633
Selected Ratios
(Amounts expressed as a percent, except per share data)
Net interest margin
3.65 %
3.70 %
3.69 %
Efficiency ratio (1)
54.4
52.8
53.6
Net charge-offs to average total loans - annualized
.35
.23
.42
Allowance for loan losses to total loans
1.51
1.53
1.59
Nonaccrual loans to total loans
.90
.85
1.11
Common equity Tier 1 ("CET1") capital ratio (2)
10.16
10.19
10.99
Common shareholders' equity per share
$ 174.95
$ 176.03
$ 170.43
____________________
(1)
A reconciliation of non-GAAP measures is included in the tables that accompany this release.
(2)
CET1 capital ratio at September 30, 2026 is estimated.
Financial Highlights
Taxable-equivalent net interest income increased nominally in the recent quarter as compared with the second quarter of 2026 reflecting an additional day, partially offset by lower interest income on nonaccrual loans.
Average loans grew $2.6 billion in the recent quarter reflecting higher average commercial real estate loan balances of $1.6 billion, consumer loan balances of $634 million and residential real estate loan balances of $367 million.
Higher noninterest income in the recent quarter reflects an increase in residential mortgage banking revenues, partially offset by a decrease in capital markets and advisory revenues and a lower distribution from M&T's investment in Bayview Lending Group LLC ("BLG").
Noninterest expense reflects increases in outside data processing and software costs and professional and other services expense as well as higher personnel costs from an additional working day in the recent quarter.
The allowance for loan losses as a percent of total loans declined 2 basis points to 1.51% at September 30, 2026.
In the recent quarter, M&T repurchased 1.3 million shares of its common stock at a total cost of $323 million. M&T's CET1 capital ratio is estimated to be 10.16% at September 30, 2026.
Chief Financial Officer Commentary
"M&T's third quarter results were highlighted by strong loan and deposit growth, stable credit and a solid capital position. Fee income in the recent quarter continues to reflect the breadth of M&T's franchise and our ability to meet customers' evolving needs through a wide range of financial capabilities. The continued strength across customer-driven revenue streams demonstrates the value of our diversified business model and the depth of our customer relationships. These relationships are at the heart of our purpose, to make a difference in people's lives. I want to thank our employees for their ongoing commitment to the communities and customers we serve."
- Daryl N. Bible, M&T's Chief Financial Officer
Contact:
Investor Relations:
Rajiv Ranjan
716.842.5138
Steve Wendelboe
716.842.5138
Media Relations:
Frank Lentini
929.651.0447
Financial Reporting Matters
As reported on M&T's Form 8-K dated September 28, 2026, effective for the third quarter of 2026 M&T made certain changes and reclassifications to Other income categories presented in its Consolidated Statement of Income. Also effective for the third quarter of 2026, M&T began separately presenting loans held for sale from loans held for investment in its Consolidated Balance Sheet and its Average Balance Sheet and Annualized Taxable-equivalent Rates disclosures. Accordingly, annualized taxable-equivalent rates for each impacted loan category and certain loan-based credit quality ratios exclude loans held for sale. Additionally, as reported in M&T's Form 10-Q for the quarter ended June 30, 2026, in conjunction with the implementation of a new general ledger platform during the second quarter of 2026, the Company modified its methodology for calculating annualized taxable-equivalent rates for certain earning assets and interest-bearing liabilities, including certain average deposit balances. All periods presented herein reflect those changes.
Non-GAAP Measures (1)
(Dollars in millions, except per share data)
3Q26
2Q26
Change
3Q26 vs.
2Q26
3Q25
Change
3Q26 vs.
3Q25
Net operating income
$ 780
$ 823
-5 %
$ 798
-2 %
Diluted net operating earnings per common share
5.08
5.35
-5
4.87
4
Annualized return on average tangible assets
1.47 %
1.59 %
1.56 %
Annualized return on average tangible common equity
17.29
18.57
17.13
Efficiency ratio
54.4
52.8
53.6
Tangible equity per common share
$ 115.88
$ 117.41
-1
$ 115.31
—
____________________
(1)
A reconciliation of non-GAAP measures is included in the tables that accompany this release.
M&T consistently provides supplemental reporting of its results on a "net operating" or "tangible" basis, from which M&T excludes the after-tax effect of amortization of core deposit and other intangible assets (and the related goodwill and core deposit and other intangible asset balances, net of applicable deferred tax amounts) and expenses associated with merging acquired operations into M&T (when incurred), since such items are considered by management to be "nonoperating" in nature.
Taxable-equivalent Net Interest Income (1)
(Dollars in millions)
3Q26
2Q26
Change
3Q26 vs.
2Q26
3Q25
Change
3Q26 vs.
3Q25
Average earning assets
$ 196,739
$ 195,216
1 %
$ 190,920
3 %
Average interest-bearing liabilities
142,294
140,354
1
134,153
6
Net interest income - taxable-equivalent
1,805
1,804
—
1,773
2
Yield on average earning assets
5.41 %
5.40 %
5.60 %
Cost of interest-bearing liabilities
2.44
2.36
2.72
Net interest spread
2.97
3.04
2.88
Net interest margin
3.65
3.70
3.69
____________________
(1)
Condensed Consolidated Average Balance Sheet and Annualized Taxable-equivalent Rates are included in the accompanying table herein.
Taxable-equivalent net interest income in the recent quarter rose nominally from the second quarter of 2026 reflecting an additional day, lower interest income on nonaccrual loans and loan growth funded by interest-bearing deposits as the Company reduced its average short-term borrowings. Taxable-equivalent net interest income increased $32 million, or 2%, as compared with the year-earlier third quarter reflecting lower rates paid on average interest-bearing deposits and growth in average loans and investment securities, partially offset by lower yields received on loans.
Average Earning Assets
(Dollars in millions)
3Q26
2Q26
Change
3Q26 vs.
2Q26
3Q25
Change
3Q26 vs.
3Q25
Interest-bearing deposits at banks
$ 14,209
$ 15,061
-6 %
$ 17,739
-20 %
Investment securities
38,552
38,728
—
36,559
5
Loans held for sale
682
777
-12
637
7
Loans: (1)
Commercial and industrial
65,887
65,883
—
61,687
7
Real estate - commercial
24,862
23,221
7
23,982
4
Real estate - residential
25,194
24,827
1
24,122
4
Consumer
27,353
26,719
2
26,099
5
Total loans
143,296
140,650
2
135,890
5
Other
—
—
—
95
-100
Total earning assets
$ 196,739
$ 195,216
1
$ 190,920
3
____________________
(1)
Supplemental information on loan balances is included in the accompanying table herein.
Average earning assets rose $1.5 billion from the second quarter of 2026 reflecting growth in average commercial real estate loan balances of $1.6 billion, average consumer loan balances of $634 million and average residential real estate loan balances of $367 million.
Average earning assets increased $5.8 billion from the third quarter of 2025, reflecting loan growth across all loan portfolios. Average commercial and industrial loan balances increased $4.2 billion, spanning most industry types. Average consumer, residential real estate and commercial real estate loan balances grew $1.3 billion, $1.1 billion and $880 million, respectively. The average balance of investment securities increased $2.0 billion from the year-earlier quarter, reflecting purchases of fixed rate mortgage-backed securities.
Average Interest-bearing Liabilities
(Dollars in millions)
3Q26
2Q26
Change
3Q26 vs.
2Q26
3Q25
Change
3Q26 vs.
3Q25
Interest-bearing deposits:
Savings and interest-checking deposits
$ 108,013
$ 105,752
2 %
$ 104,630
3 %
Time deposits
15,056
13,808
9
13,890
8
Total interest-bearing deposits
123,069
119,560
3
118,520
4
Short-term borrowings
5,248
8,016
-35
2,844
85
Long-term borrowings
13,977
12,778
9
12,789
9
Total interest-bearing liabilities
$ 142,294
$ 140,354
1
$ 134,153
6
Average interest-bearing liabilities in the recent quarter rose $1.9 billion from the second quarter of 2026 reflecting growth in average interest-bearing deposits of $3.5 billion and higher average long-term borrowings resulting from asset securitizations and issuances of senior and subordinated notes. Those increases were partially offset by a $2.9 billion decline in average short-term borrowings from the FHLB of New York.
Average interest-bearing liabilities increased $8.1 billion from the third quarter of 2025 reflecting growth in average interest-bearing deposits of $4.5 billion, higher average short-term borrowings from the FHLB of New York of $1.9 billion and an increase in average long-term borrowings of $1.2 billion resulting from asset securitizations and issuances of subordinated notes, partially offset by net maturities of senior notes.
Provision for Credit Losses/Asset Quality
(Dollars in millions)
3Q26
2Q26
Change
3Q26 vs.
2Q26
3Q25
Change
3Q26 vs.
3Q25
At end of quarter
Nonaccrual loans
$ 1,298
$ 1,208
7 %
$ 1,512
-14 %
Real estate and other foreclosed assets
28
23
22
37
-26
Total nonperforming assets
1,326
1,231
8
1,549
-14
Accruing loans past due 90 days or more (1)
570
603
-5
432
32
Nonaccrual loans as % of loans outstanding
.90 %
.85 %
1.11 %
Allowance for loan losses
$ 2,179
$ 2,176
—
$ 2,161
1
Allowance for loan losses as % of loans outstanding
1.51 %
1.53 %
1.59 %
Reserve for unfunded credit commitments
$ 93
$ 95
-2
$ 95
-2
For the period
Provision for loan losses
$ 130
$ 120
8
$ 110
18
Provision for unfunded credit commitments
5
—
—
15
-67
Total provision for credit losses
135
120
13
125
8
Net charge-offs
127
80
59
146
-12
Net charge-offs as % of average loans (annualized)
.35 %
.23 %
.42 %
____________________
(1)
Predominantly government-guaranteed residential real estate.
The provision for credit losses was $135 million in the third quarter of 2026 as compared with $120 million in the second quarter of 2026 and $125 million in the third quarter of 2025. The allowance for loan losses as a percent of loans outstanding was 1.51% at September 30, 2026 and 1.53% at June 30, 2026, each improved from 1.59% at September 30, 2025, reflecting lower levels of criticized loans.
Nonaccrual loans were $1.3 billion at September 30, 2026 and $1.2 billion at June 30, 2026, compared with $1.5 billion at September 30, 2025. The lower level of nonaccrual loans at September 30, 2026 and June 30, 2026 as compared with September 30, 2025 reflects a decrease in commercial and industrial and commercial real estate nonaccrual loans.
Noninterest Income
(Dollars in millions)
3Q26
2Q26
Change
3Q26 vs.
2Q26
3Q25
Change
3Q26 vs.
3Q25
Trust and investment services income
$ 230
$ 235
-2 %
$ 217
6 %
Mortgage banking revenues (1)
152
127
19
147
3
Service charges on deposit accounts
109
107
1
105
3
Card revenues
90
89
2
90
—
Letter of credit and credit-related fees
46
44
4
45
3
Capital markets and advisory revenues
32
41
-24
35
-8
Gain (loss) on bank investment securities
(1)
2
—
1
—
Other revenues from operations (2)
85
95
-12
112
-25
Total
$ 743
$ 740
—
$ 752
-1
____________________
(1)
Supplemental information on mortgage banking activities is included in the accompanying table herein.
(2)
Supplemental information on other revenues from operations is included in the accompanying table herein.
Effective January 1, 2026, the Company elected to prospectively measure its residential mortgage loan servicing right assets at fair value with changes in fair value reflected in mortgage banking revenues. As a result, amortization associated with residential mortgage loan servicing right assets previously recognized in other costs of operations before 2026 is no longer recorded. Instead, beginning in 2026 fair value changes in residential mortgage loan servicing right assets, inclusive of the realization of expected net servicing revenues over time, are included in mortgage banking revenues. On December 31, 2025, the Company began economically hedging the risk of fair value changes in these assets through the use of various interest rate derivative contracts, for which changes in fair value are also reflected in mortgage banking revenues.
Noninterest income in the third quarter of 2026 increased $3 million from 2026's second quarter.
Trust and investment services income declined $5 million reflecting seasonal tax services fees earned by the wealth management business in the second quarter of 2026.
Mortgage banking revenues increased $25 million reflecting a rise in residential mortgage loan sub-servicing income. In June 2026, the Company began sub-servicing $62.9 billion of additional residential mortgage loans.
Capital markets and advisory revenues decreased $9 million reflecting a decline in loan syndication fees and lower revenues from interest rate swap transactions with commercial customers.
Other revenues from operations decreased $10 million reflecting a lower distribution from M&T's investment in BLG in the recent quarter.
Noninterest income declined $9 million, or 1%, as compared with the third quarter of 2025.
Trust and investment services income rose $13 million reflecting higher corporate trust revenues from the Company's institutional services business and an increase in personal trust and investment services revenues from its wealth management businesses.
Mortgage banking revenues increased $5 million reflecting a rise in residential mortgage loan sub-servicing income, partially offset by the impact of the Company's fair value accounting election described above and lower gains on commercial mortgage loans originated for sale.
Other revenues from operations decreased $27 million reflecting a $28 million distribution of an earnout payment from the Company's 2023 sale of its Collective Investment Trust ("CIT") business and a $12 million gain on the sale of equipment leases each in the third quarter of 2025, partially offset by an $11 million higher distribution from M&T's investment in BLG in the recent quarter.
Noninterest Expense
(Dollars in millions)
3Q26
2Q26
Change
3Q26 vs.
2Q26
3Q25
Change
3Q26 vs.
3Q25
Salaries and employee benefits
$ 832
$ 826
1 %
$ 833
— %
Outside data processing and software
173
154
12
138
25
Equipment and net occupancy
131
129
—
129
1
Professional and other services
97
89
10
81
22
FDIC assessments
19
18
15
13
55
Advertising and marketing
29
27
7
23
26
Amortization of core deposit and other intangible assets
7
7
—
10
-27
Other costs of operations
105
99
6
136
-23
Total
$ 1,393
$ 1,349
3
$ 1,363
2
Noninterest expense rose $44 million, or 3%, from the second quarter of 2026.
Salaries and employee benefits expense increased $6 million reflecting an additional working day in the recent quarter, partially offset by lower payroll-related taxes.
Outside data processing and software costs increased $19 million reflecting higher software maintenance and enhancements to the Company's technology infrastructure.
Professional and other services rose $8 million reflecting support for enhancements to the Company's technology infrastructure and other enterprise initiatives.
Other costs of operations increased $6 million reflecting the Company's obligation under agreements to share in losses stemming from certain litigation of Visa, Inc.
Noninterest expense increased $30 million, or 2%, from the third quarter of 2025.
Outside data processing and software costs rose $35 million reflecting costs associated with enhancements to the Company's technology infrastructure.
Professional and other services increased $16 million reflecting support for enhancements to the Company's technology infrastructure and other enterprise initiatives and higher legal service costs.
FDIC assessments were $6 million higher in the recent quarter reflecting the reduction of estimated special assessment expense in the third quarter of 2025 resulting from a decrease in the FDIC's loss estimates associated with certain failed banks.
Other costs of operations decreased $31 million reflecting the amortization associated with residential mortgage loan servicing right assets in the third quarter of 2025 and lower expense associated with the Company's supplemental executive retirement savings plan in the recent quarter.
Income Taxes
The Company's effective income tax rate was 23.1% in each of the third and second quarters of 2026 compared with 22.8% in the third quarter of 2025.
Capital and Liquidity
3Q26
2Q26
3Q25
CET1 capital
10.16 %
(1)
10.19 %
10.99 %
Tier 1 capital
11.93
(1)
11.64
12.49
Total capital
13.93
(1)
13.73
14.35
Tangible capital – common
7.85
8.07
8.79
____________________
(1)
Capital ratios at September 30, 2026 are estimated.
M&T's capital ratios remained well above the minimum set forth by regulatory requirements. Cash dividends declared on M&T's common and preferred stock totaled $217 million and $42 million, respectively, for the quarter ended September 30, 2026. M&T's current stress capital buffer is 2.7%.
Reflecting rising interest rates, accumulated other comprehensive income declined $588 million in the recent quarter. In July 2026, the Company transferred $8.3 billion of residential mortgage-backed securities from the available-for-sale portfolio to the held-to-maturity portfolio with net unrealized gains of $8 million. Unrealized losses on those transferred securities at September 30, 2026 were $222 million ($165 million net of tax).
M&T repurchased shares of its common stock at a cost of $323 million during the recent quarter, compared with $465 million and $409 million in the second quarter of 2026 and the third quarter of 2025, respectively.
The CET1 capital ratio for M&T was estimated at 10.16% as of September 30, 2026. M&T's total risk-weighted assets at September 30, 2026 are estimated to be $170.6 billion. Reflecting loan growth and share repurchase activity in the recent quarter and the impact of unrealized losses on investment securities available for sale included in accumulated other comprehensive income at September 30, 2026, M&T's tangible common equity to tangible asset ratio at September 30, 2026 declined 22 basis points from June 30, 2026 and 94 basis points from September 30, 2025.
While not subject to the liquidity coverage ratio ("LCR") requirements, M&T estimates that its LCR on September 30, 2026 was 107%, exceeding the regulatory minimum standards that would be applicable if it were a Category III institution subject to the Category III reduced LCR requirements.
Conference Call
Investors will have an opportunity to listen to M&T's conference call to discuss third quarter financial results today at 8:00 a.m. Eastern Time. Those wishing to participate in the call may dial (800) 347-7315. International participants, using any applicable international calling codes, may dial (785) 424-1755. Callers should reference M&T Bank Corporation or the conference ID #MTBQ326. The conference call will be webcast live through M&T's website at https://ir.mtb.com/news-events/events-presentations. A replay of the call will be available through Friday October 23, 2026, by calling (800) 839-3736 or (402) 220-2978 for international participants. No conference ID or passcode is required. The event will also be archived and available by 3:00 p.m. today on M&T's website at https://ir.mtb.com/news-events/events-presentations.
About M&T
M&T is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank. For more information on M&T Bank, visit www.mtb.com.
Forward-Looking Statements
This news release and related conference call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the rules and regulations of the SEC. Any statement that does not describe historical or current facts is a forward-looking statement, including statements based on current expectations, estimates and projections about M&T's business, and management's beliefs and assumptions.
Statements regarding the potential effects of events or factors specific to M&T and/or the financial industry as a whole, as well as national and global events generally, on M&T's business, financial condition, liquidity and results of operations may constitute forward-looking statements. Such statements are subject to the risk that the actual effects may differ, possibly materially, from what is reflected in those forward-looking statements due to factors and future developments that are uncertain, unpredictable and in many cases beyond M&T's control.
Forward-looking statements are typically identified by words such as "believe," "expect," "anticipate," "intend," "target," "estimate," "continue," or "potential," by future conditional verbs such as "will," "would," "should," "could," or "may," or by variations of such words or by similar expressions. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions which are difficult to predict and may cause actual outcomes to differ materially from what is expressed or forecasted.
While there can be no assurance that any list of risks and uncertainties is complete, important factors that could cause actual outcomes and results to differ materially from those contemplated by forward-looking statements include the following, without limitation: economic conditions and growth rates, including inflation and market volatility; events, developments and current conditions in the financial services industry, including trust, brokerage and investment management businesses; changes in interest rates, spreads on earning assets and interest-bearing liabilities, and interest rate sensitivity; prepayment speeds, loan originations, loan concentrations by type and industry, credit losses and market values on loans, collateral securing loans, and other assets; sources of liquidity; levels of client deposits; ability to contain costs and expenses; changes in M&T's credit ratings; domestic or international political developments and other geopolitical events, including trade and tariff policies and international conflicts and hostilities; changes and trends in the securities markets; common shares outstanding and common stock price volatility; fair value of and number of stock-based compensation awards to be issued in future periods; the impact of changes in market values on trust-, brokerage-, and investment management-related revenues; federal, state or local legislation and/or regulations affecting the financial services industry, or M&T and its subsidiaries individually or collectively, including tax policy; regulatory supervision and oversight, including monetary policy and capital requirements; governmental and public policy changes; political conditions, either nationally or in the states in which M&T and its subsidiaries do business; the initiation and outcome of potential, pending and future litigation, investigations and governmental proceedings, including tax-related examinations and other matters; operational risk events, including loss resulting from fraud by employees or persons outside M&T and breaches in data and cybersecurity; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board, regulatory agencies or legislation; increasing price, product and service competition by competitors, including new entrants; technological developments and changes; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; the mix of products and services; protection and validity of intellectual property rights; reliance on large customers; technological, implementation and cost/financial risks in large, multi-year contracts; continued availability of financing; financial resources in the amounts, at the times and on the terms required to support M&T and its subsidiaries' future businesses; and material differences in the actual financial results of merger, acquisition, divestment and investment activities compared with M&T's initial expectations, including the full realization of anticipated cost savings and revenue enhancements.
These are representative of the factors that could affect the outcome of the forward-looking statements. In addition, as noted, such statements could be affected by general industry and market conditions and growth rates, general economic and political conditions, either nationally or in the states in which M&T and its subsidiaries do business, and other factors.
M&T provides further detail regarding these risks and uncertainties in its Form 10-K for the year ended December 31, 2025, including in the Risk Factors section of such report, as well as in other SEC filings. Forward-looking statements speak only as of the date they are made, and M&T assumes no duty and does not undertake to update forward-looking statements.
Financial Highlights
Three Months Ended
Nine Months Ended
September 30,
September 30,
(Dollars in millions, except per share, shares in thousands)
2026
2025
Change
2026
2025
Change
Performance
Net income
$ 775
$ 792
-2 %
$ 2,257
$ 2,092
8 %
Net income available to common shareholders
732
754
-3
2,133
1,981
8
Per common share:
Basic earnings
5.08
4.85
5
14.57
12.41
17
Diluted earnings
5.04
4.82
5
14.48
12.34
17
Cash dividends
1.50
1.50
—
4.50
4.20
7
Common shares outstanding:
Average - diluted
145,174
156,553
-7
147,329
160,503
-8
Period end
143,708
154,518
-7
143,708
154,518
-7
Return on (annualized):
Average total assets
1.40 %
1.49 %
1.39 %
1.33 %
Average common shareholders' equity
11.44
11.45
11.13
10.07
Taxable-equivalent net interest income
$ 1,805
$ 1,773
2
$ 5,372
$ 5,202
3
Yield on average earning assets
5.41 %
5.60 %
5.39 %
5.54 %
Cost of interest-bearing liabilities
2.44
2.72
2.38
2.71
Net interest spread
2.97
2.88
3.01
2.83
Contribution of interest-free funds
.68
.81
.67
.82
Net interest margin
3.65
3.69
3.68
3.65
Net charge-offs to average total net loans (annualized)
.35
.42
.30
.36
Net operating results (1)
Net operating income
$ 780
$ 798
-2
$ 2,274
$ 2,116
7
Diluted net operating earnings per common share
5.08
4.87
4
14.60
12.49
17
Return on (annualized):
Average tangible assets
1.47 %
1.56 %
1.46 %
1.41 %
Average tangible common equity
17.29
17.13
16.78
15.07
Efficiency ratio
54.4
53.6
55.1
56.3
At September 30,
Loan quality
2026
2025
Change
Nonaccrual loans
$ 1,298
$ 1,512
-14 %
Real estate and other foreclosed assets
28
37
-26
Total nonperforming assets
$ 1,326
$ 1,549
-14
Accruing loans past due 90 days or more
$ 570
$ 432
32
Government guaranteed loans included in totals above:
Nonaccrual loans
81
71
13
Accruing loans past due 90 days or more
556
403
38
Nonaccrual loans to total loans
.90 %
1.11 %
Allowance for loan losses to total loans
1.51
1.59
Additional information
Period end common stock price
$ 217.60
$ 197.62
10
Full-service domestic banking offices (2)
906
942
-4
Full-time equivalent employees
21,562
22,383
-4
____________________
(1)
Excludes amortization and balances related to goodwill and core deposit and other intangible assets and merger-related expenses which, except in the calculation of the efficiency ratio, are net of applicable income tax effects. Reconciliations of net income with net operating income appear herein.
(2)
In the first quarter of 2026, thirteen domestic banking offices formerly classified as full service were designated as limited service per regulatory filings.
Financial Highlights, Five Quarter Trend
Three Months Ended
September 30,
June 30,
March 31,
December 31,
September 30,
(Dollars in millions, except per share, shares in thousands)
2026
2026
2026
2025
2025
Performance
Net income
$ 775
$ 818
$ 664
$ 759
$ 792
Net income available to common shareholders
732
781
620
718
754
Per common share:
Basic earnings
5.08
5.35
4.16
4.71
4.85
Diluted earnings
5.04
5.32
4.13
4.67
4.82
Cash dividends
1.50
1.50
1.50
1.50
1.50
Common shares outstanding:
Average - diluted
145,174
146,758
150,109
153,712
156,553
Period end
143,708
144,933
146,917
151,840
154,518
Return on (annualized):
Average total assets
1.40 %
1.51 %
1.26 %
1.41 %
1.49 %
Average common shareholders' equity
11.44
12.30
9.67
10.87
11.45
Taxable-equivalent net interest income
$ 1,805
$ 1,804
$ 1,763
$ 1,790
$ 1,773
Yield on average earning assets
5.41 %
5.40 %
5.35 %
5.47 %
5.60 %
Cost of interest-bearing liabilities
2.44
2.36
2.32
2.52
2.72
Net interest spread
2.97
3.04
3.03
2.95
2.88
Contribution of interest-free funds
.68
.66
.67
.75
.81
Net interest margin
3.65
3.70
3.70
3.70
3.69
Net charge-offs to average total net loans (annualized)
.35
.23
.31
.54
.42
Net operating results (1)
Net operating income
$ 780
$ 823
$ 671
$ 767
$ 798
Diluted net operating earnings per common share
5.08
5.35
4.18
4.72
4.87
Return on (annualized):
Average tangible assets
1.47 %
1.59 %
1.33 %
1.49 %
1.56 %
Average tangible common equity
17.29
18.57
14.51
16.24
17.13
Efficiency ratio
54.4
52.8
58.3
55.1
53.6
September 30,
June 30,
March 31,
December 31,
September 30,
Loan quality
2026
2026
2026
2025
2025
Nonaccrual loans
$ 1,298
$ 1,208
$ 1,240
$ 1,252
$ 1,512
Real estate and other foreclosed assets
28
23
27
35
37
Total nonperforming assets
$ 1,326
$ 1,231
$ 1,267
$ 1,287
$ 1,549
Accruing loans past due 90 days or more
$ 570
$ 603
$ 646
$ 561
$ 432
Government guaranteed loans included in totals above:
Nonaccrual loans
81
78
85
83
71
Accruing loans past due 90 days or more
556
586
634
543
403
Nonaccrual loans to total loans
.90 %
.85 %
.89 %
.91 %
1.11 %
Allowance for loan losses to total loans
1.51
1.53
1.54
1.54
1.59
Additional information
Period end common stock price
$ 217.60
$ 238.01
$ 206.72
$ 201.48
$ 197.62
Full-service domestic banking offices (2)
906
911
930
942
942
Full-time equivalent employees
21,562
21,662
21,866
22,080
22,383
____________________
(1)
Excludes amortization and balances related to goodwill and core deposit and other intangible assets and merger-related expenses which, except in the calculation of the efficiency ratio, are net of applicable income tax effects. Reconciliations of net income with net operating income appear herein.
(2)
In the first quarter of 2026, thirteen domestic banking offices formerly classified as full service were designated as limited service per regulatory filings.
Condensed Consolidated Statement of Income
Three Months Ended
Nine Months Ended
September 30,
September 30,
(Dollars in millions)
2026
2025
Change
2026
2025
Change
Interest income
$ 2,667
$ 2,680
— %
$ 7,823
$ 7,849
— %
Interest expense
874
919
-5
2,486
2,680
-7
Net interest income
1,793
1,761
2
5,337
5,169
3
Provision for credit losses
135
125
8
395
380
4
Net interest income after provision for
credit losses
1,658
1,636
1
4,942
4,789
3
Other income:
Trust and investment services income
230
217
6
684
643
7
Mortgage banking revenues
152
147
3
406
395
3
Service charges on deposit accounts
109
105
3
322
307
5
Card revenues
90
90
—
257
257
—
Letter of credit and credit-related fees
46
45
3
132
132
—
Capital markets and advisory revenues
32
35
-8
109
89
23
Gain (loss) on bank investment securities
(1)
1
—
5
1
—
Other revenues from operations
85
112
-25
257
222
16
Total other income
743
752
-1
2,172
2,046
6
Other expense:
Salaries and employee benefits
832
833
—
2,572
2,533
2
Outside data processing and software
173
138
25
471
412
14
Equipment and net occupancy
131
129
1
393
391
—
Professional and other services
97
81
22
279
251
12
FDIC assessments
19
13
55
60
58
4
Advertising and marketing
29
23
26
77
70
9
Amortization of core deposit and other
intangible assets
7
10
-27
23
32
-27
Other costs of operations
105
136
-23
305
367
-17
Total other expense
1,393
1,363
2
4,180
4,114
2
Income before taxes
1,008
1,025
-2
2,934
2,721
8
Income taxes
233
233
—
677
629
8
Net income
$ 775
$ 792
-2 %
$ 2,257
$ 2,092
8 %
Condensed Consolidated Statement of Income, Five Quarter Trend
Three Months Ended
September 30,
June 30,
March 31,
December 31,
September 30,
(Dollars in millions)
2026
2026
2026
2025
2025
Interest income
$ 2,667
$ 2,620
$ 2,536
$ 2,637
$ 2,680
Interest expense
874
828
784
858
919
Net interest income
1,793
1,792
1,752
1,779
1,761
Provision for credit losses
135
120
140
125
125
Net interest income after provision for
credit losses
1,658
1,672
1,612
1,654
1,636
Other income:
Trust and investment services income
230
235
219
220
217
Mortgage banking revenues
152
127
127
155
147
Service charges on deposit accounts
109
107
106
105
105
Card revenues
90
89
78
87
90
Letter of credit and credit-related fees
46
44
42
47
45
Capital markets and advisory revenues
32
41
36
31
35
Gain (loss) on bank investment securities
(1)
2
4
1
1
Other revenues from operations
85
95
77
50
112
Total other income
743
740
689
696
752
Other expense:
Salaries and employee benefits
832
826
914
809
833
Outside data processing and software
173
154
144
146
138
Equipment and net occupancy
131
129
133
134
129
Professional and other services
97
89
93
105
81
FDIC assessments
19
18
23
(8)
13
Advertising and marketing
29
27
21
32
23
Amortization of core deposit and other
intangible assets
7
7
9
10
10
Other costs of operations
105
99
101
151
136
Total other expense
1,393
1,349
1,438
1,379
1,363
Income before taxes
1,008
1,063
863
971
1,025
Income taxes
233
245
199
212
233
Net income
$ 775
$ 818
$ 664
$ 759
$ 792
Condensed Consolidated Balance Sheet
September 30,
(Dollars in millions)
2026
2025
Change
ASSETS
Cash and due from banks
$ 1,796
$ 1,950
-8 %
Interest-bearing deposits at banks
14,342
16,751
-14
Investment securities
37,894
36,864
3
Loans held for sale
696
629
11
Loans:
Commercial and industrial
66,373
61,863
7
Real estate - commercial
25,561
23,768
8
Real estate - residential
25,301
24,335
4
Consumer
27,521
26,379
4
Total loans
144,756
136,345
6
Allowance for loan losses
(2,179)
(2,161)
1
Net loans
142,577
134,184
6
Goodwill
8,465
8,465
—
Core deposit and other intangible assets
41
74
-45
Other assets
14,699
12,360
19
Total assets
$ 220,510
$ 211,277
4 %
LIABILITIES AND SHAREHOLDERS' EQUITY
Noninterest-bearing deposits
$ 44,819
$ 44,994
— %
Interest-bearing deposits
122,691
118,432
4
Total deposits
167,510
163,426
2
Short-term borrowings
6,373
2,059
209
Long-term borrowings
13,648
12,928
6
Accrued interest and other liabilities
4,820
4,136
17
Total liabilities
192,351
182,549
5
Shareholders' equity:
Preferred
3,017
2,394
26
Common
25,142
26,334
-5
Total shareholders' equity
28,159
28,728
-2
Total liabilities and shareholders' equity
$ 220,510
$ 211,277
4 %
Condensed Consolidated Balance Sheet, Five Quarter Trend
September 30,
June 30,
March 31,
December 31,
September 30,
(Dollars in millions)
2026
2026
2026
2025
2025
ASSETS
Cash and due from banks
$ 1,796
$ 1,939
$ 1,903
$ 1,701
$ 1,950
Interest-bearing deposits at banks
14,342
15,499
14,445
17,068
16,751
Investment securities
37,894
38,374
38,621
36,649
36,864
Loans held for sale
696
663
861
1,067
629
Loans:
Commercial and industrial
66,373
65,995
65,216
63,406
61,863
Real estate - commercial
25,561
24,233
22,986
23,335
23,768
Real estate - residential
25,301
25,128
24,530
24,433
24,335
Consumer
27,521
27,174
26,321
26,461
26,379
Total loans
144,756
142,530
139,053
137,635
136,345
Allowance for loan losses
(2,179)
(2,176)
(2,136)
(2,116)
(2,161)
Net loans
142,577
140,354
136,917
135,519
134,184
Goodwill
8,465
8,465
8,465
8,465
8,465
Core deposit and other intangible assets
41
48
55
64
74
Other assets
14,699
13,919
13,469
12,977
12,360
Total assets
$ 220,510
$ 219,261
$ 214,736
$ 213,510
$ 211,277
LIABILITIES AND SHAREHOLDERS' EQUITY
Noninterest-bearing deposits
$ 44,819
$ 48,295
$ 45,892
$ 46,509
$ 44,994
Interest-bearing deposits
122,691
120,590
117,849
120,400
118,432
Total deposits
167,510
168,885
163,741
166,909
163,426
Short-term borrowings
6,373
4,614
7,851
2,149
2,059
Long-term borrowings
13,648
13,568
11,175
10,911
12,928
Accrued interest and other liabilities
4,820
4,248
3,997
4,364
4,136
Total liabilities
192,351
191,315
186,764
184,333
182,549
Shareholders' equity:
Preferred
3,017
2,434
2,434
2,834
2,394
Common
25,142
25,512
25,538
26,343
26,334
Total shareholders' equity
28,159
27,946
27,972
29,177
28,728
Total liabilities and shareholders' equity
$ 220,510
$ 219,261
$ 214,736
$ 213,510
$ 211,277
Condensed Consolidated Average Balance Sheet and Annualized Taxable-equivalent Rates
Three Months Ended
Change in Balance
Nine Months Ended
September 30,
June 30,
September 30,
September 30, 2026 from
September 30,
Change
2026
2026
2025
June 30,
September 30,
2026
2025
in
(Dollars in millions)
Balance
Rate
Balance
Rate
Balance
Rate
2026
2025
Balance
Rate
Balance
Rate
Balance
ASSETS
Interest-bearing deposits at banks
$ 14,209
3.79 %
$ 15,061
3.72 %
$ 17,739
4.43 %
-6 %
-20 %
$ 15,159
3.74 %
$ 19,037
4.46 %
-20 %
Investment securities (1)
38,552
4.33
38,728
4.29
36,559
4.15
—
5
38,378
4.28
35,466
3.98
8
Loans held for sale
682
5.48
777
5.50
637
5.85
-12
7
819
5.45
750
6.92
9
Loans:
Commercial and industrial
65,887
6.00
65,883
6.00
61,687
6.45
—
7
65,139
6.00
61,234
6.41
6
Real estate - commercial
24,862
6.03
23,221
6.29
23,982
6.45
7
4
23,709
6.15
24,796
6.34
-4
Real estate - residential
25,194
4.69
24,827
4.63
24,122
4.57
1
4
24,832
4.62
23,543
4.50
5
Consumer
27,353
6.47
26,719
6.46
26,099
6.60
2
5
26,797
6.47
25,275
6.58
6
Total loans
143,296
5.86
140,650
5.89
135,890
6.15
2
5
140,477
5.87
134,848
6.09
4
Other
—
—
—
—
95
3.45
—
-100
31
—
96
3.46
-67
Total earning assets
196,739
5.41
195,216
5.40
190,920
5.60
1
3
194,864
5.39
190,197
5.54
2
Goodwill
8,465
8,465
8,465
—
—
8,465
8,465
—
Core deposit and other intangible assets
45
51
79
-12
-43
52
86
-40
Other assets
13,611
12,800
11,589
6
17
13,043
11,141
17
Total assets
$ 218,860
$ 216,532
$ 211,053
1 %
4 %
$ 216,424
$ 209,889
3 %
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing deposits:
Savings and interest-checking
deposits
$ 108,013
1.89 %
$ 105,752
1.81 %
$ 104,630
2.23 %
2 %
3 %
$ 106,783
1.85 %
$ 103,378
2.22 %
3 %
Time deposits
15,056
3.19
13,808
3.02
13,890
3.40
9
8
13,982
3.08
14,056
3.48
-1
Total interest-bearing deposits
123,069
2.05
119,560
1.95
118,520
2.36
3
4
120,765
1.99
117,434
2.37
3
Short-term borrowings
5,248
3.89
8,016
3.86
2,844
4.50
-35
85
6,318
3.87
3,013
4.50
110
Long-term borrowings
13,977
5.32
12,778
5.33
12,789
5.64
9
9
12,617
5.35
11,675
5.64
8
Total interest-bearing liabilities
142,294
2.44
140,354
2.36
134,153
2.72
1
6
139,700
2.38
132,122
2.71
6
Noninterest-bearing deposits
43,708
43,964
44,056
-1
-1
44,070
44,877
-2
Other liabilities
4,527
4,275
4,261
6
6
4,349
4,142
5
Total liabilities
190,529
188,593
182,470
1
4
188,119
181,141
4
Shareholders' equity
28,331
27,939
28,583
1
-1
28,305
28,748
-2
Total liabilities and shareholders' equity
$ 218,860
$ 216,532
$ 211,053
1 %
4 %
$ 216,424
$ 209,889
3 %
Net interest spread
2.97
3.04
2.88
3.01
2.83
Contribution of interest-free funds
.68
.66
.81
.67
.82
Net interest margin
3.65 %
3.70 %
3.69 %
3.68 %
3.65 %
____________________
(1)
Yields on investment securities for the nine-month period ended September 30, 2025 reflect $18 million of lower taxable-equivalent interest income resulting from an alignment of amortization periods for certain municipal bonds obtained from the acquisition of People's United Financial, Inc.
Supplemental Information - Loan Balances
September 30,
June 30,
March 31,
December 31,
September 30,
(Dollars in millions)
2026
2026
2026
2025
2025
Commercial and industrial
Commercial and industrial excluding
owner-occupied real estate by industry:
Financial and insurance
$ 13,731
$ 13,804
$ 13,488
$ 12,749
$ 12,077
Services
8,719
8,534
8,207
7,887
7,685
Motor vehicle and recreational finance dealers
6,706
6,966
7,061
7,185
6,636
Manufacturing
6,311
6,389
6,402
6,094
6,238
Wholesale
4,473
4,330
4,343
4,373
4,244
Transportation, communications, utilities
4,456
4,199
3,928
3,883
3,754
Retail
3,347
3,319
3,302
3,087
3,112
Construction
2,412
2,445
2,305
2,260
2,205
Health services
1,811
1,707
1,835
1,816
1,779
Real estate investors
1,589
1,521
1,662
1,574
1,505
Other
1,370
1,397
1,362
1,300
1,567
Total commercial and industrial
excluding owner-occupied real estate
54,925
54,611
53,895
52,208
50,802
Owner-occupied real estate by industry:
Services
2,351
2,362
2,377
2,368
2,308
Motor vehicle and recreational finance dealers
2,263
2,180
2,217
2,234
2,162
Retail
1,929
1,926
1,916
1,893
1,825
Health services
1,413
1,464
1,335
1,268
1,320
Wholesale
1,079
1,035
1,029
978
975
Manufacturing
735
712
727
791
783
Real estate investors
585
607
617
616
634
Other
1,093
1,098
1,103
1,050
1,054
Total owner-occupied real estate
11,448
11,384
11,321
11,198
11,061
Total commercial and industrial
66,373
65,995
65,216
63,406
61,863
Commercial real estate
Permanent finance by property type:
Apartments/Multifamily
7,320
6,865
6,269
6,353
6,270
Retail/Service
4,313
4,259
4,237
4,164
4,320
Industrial/Warehouse
3,510
3,276
2,462
2,297
2,175
Office
3,066
3,147
3,282
3,423
3,487
Health services
1,841
1,583
1,507
1,548
1,554
Hotel
1,728
1,665
1,727
1,743
1,776
Other
443
180
187
180
202
Total permanent
22,221
20,975
19,671
19,708
19,784
Construction/Development
3,340
3,258
3,315
3,627
3,984
Total commercial real estate
25,561
24,233
22,986
23,335
23,768
Residential real estate
Residential real estate
25,301
25,128
24,530
24,433
24,335
Consumer
Home equity lines and loans
4,991
4,891
4,796
4,807
4,730
Recreational finance
15,170
14,856
14,144
14,092
14,152
Automobile
4,871
4,969
5,016
5,167
5,223
Other
2,489
2,458
2,365
2,395
2,274
Total consumer
27,521
27,174
26,321
26,461
26,379
Total loans
$ 144,756
$ 142,530
$ 139,053
$ 137,635
$ 136,345
Supplemental Information - Mortgage Banking Activities
Three Months Ended
Change
Nine Months Ended
Change
September 30,
June 30,
September 30,
September 30,
(Dollars in millions)
2026
2026
Amount
%
2026
2025
Amount
%
Residential mortgage banking revenues
Gains on loans originated for sale
$ 9
$ 7
$ 2
30 %
$ 24
$ 23
$ 1
4 %
Loan servicing:
Loan servicing fees
33
33
—
-1
98
105
(7)
-7
Changes in fair value of mortgage loan
servicing right assets, net of hedging activities
(16)
(11)
(5)
-37
(40)
—
(40)
—
Loan sub-servicing and other fees
93
67
26
38
222
159
63
39
Total loan servicing
110
89
21
23
280
264
16
6
Total residential mortgage banking revenues
$ 119
$ 96
$ 23
24 %
$ 304
$ 287
$ 17
6 %
New commitments to originate loans for sale
$ 377
$ 411
$ (34)
-8 %
$ 1,188
$ 1,019
$ 169
17 %
September 30,
June 30,
March 31,
December 31,
September 30,
(Dollars in millions)
2026
2026
2026
2025
2025
Balances at period end
Loans held for sale
$ 249
$ 256
$ 327
$ 441
$ 327
Commitments to originate loans for sale
191
258
222
224
329
Commitments to sell loans
407
467
544
645
576
Capitalized mortgage loan servicing assets
572
540
542
287
305
Loans serviced for others
34,909
35,253
35,586
35,873
36,421
Loans sub-serviced for others
179,605
183,599
123,968
156,938
161,785
Total loans serviced for others
$ 214,514
$ 218,852
$ 159,554
$ 192,811
$ 198,206
Three Months Ended
Change
Nine Months Ended
Change
September 30,
June 30,
September 30,
September 30,
(Dollars in millions)
2026
2026
Amount
%
2026
2025
Amount
%
Commercial mortgage banking revenues
Gains on loans originated for sale
$ 13
$ 13
$ —
— %
$ 44
$ 50
$ (6)
-12 %
Loan servicing fees and other
20
18
2
9
58
58
—
—
Total commercial mortgage banking revenues
$ 33
$ 31
$ 2
5 %
$ 102
$ 108
$ (6)
-6 %
Loans originated for sale to other investors
$ 737
$ 746
$ (9)
-1 %
$ 2,618
$ 3,138
$ (520)
-17 %
September 30,
June 30,
March 31,
December 31,
September 30,
(Dollars in millions)
2026
2026
2026
2025
2025
Balances at period end
Loans held for sale
$ 263
$ 259
$ 359
$ 484
$ 278
Commitments to originate loans for sale
559
485
529
773
1,074
Commitments to sell loans
826
740
903
1,253
1,292
Capitalized mortgage loan servicing assets
132
136
138
132
123
Loans serviced for others
31,204
31,368
30,934
30,309
28,957
Loans sub-serviced for others
4,013
4,072
4,194
4,231
4,297
Total loans serviced for others
$ 35,217
$ 35,440
$ 35,128
$ 34,540
$ 33,254
Supplemental Information - Other Revenues from Operations
Three Months Ended
Nine Months Ended
September 30,
June 30,
Change
September 30,
September 30,
Change
(Dollars in millions)
2026
2026
Amount
%
2026
2025
Amount
%
Bank owned life insurance revenue
$ 17
$ 20
$ (3)
-12 %
$ 55
$ 56
$ (1)
-2 %
Equipment operating lease income
12
11
1
4
34
37
(3)
-9
BLG income
31
47
(16)
-34
111
20
91
455
Earnout payment related to 2023 sale of
CIT business
—
—
—
—
—
28
(28)
-100
Gains on sales of out-of-footprint loan
portfolio
—
—
—
—
—
15
(15)
-100
Gain on sale of institutional services
subsidiary
—
—
—
—
—
10
(10)
-100
Other
25
17
8
47
57
56
1
2
Total other revenues from operations
$ 85
$ 95
$ (10)
-12 %
$ 257
$ 222
$ 35
16 %
Three Months Ended
September 30,
June 30,
March 31,
December 31,
September 30,
(Dollars in millions)
2026
2026
2026
2025
2025
Bank owned life insurance revenue
$ 17
$ 20
$ 18
$ 19
$ 21
Equipment operating lease income
12
11
11
11
12
BLG income
31
47
33
—
20
Earnout payment related to 2023 sale of CIT business
—
—
—
—
28
Other
25
17
15
20
31
Total other revenues from operations
$ 85
$ 95
$ 77
$ 50
$ 112
Supplemental Information - Interest Rate Swap Agreements Designated as Hedges at September 30, 2026
(Dollars in billions)
September 30,
2026
December 31,
2026
March 31,
2027
June 30,
2027
September 30,
2027
December 31,
2027
March 31,
2028
Fair value hedges:
Active
$ 6.1
$ 6.1
$ 6.1
$ 6.1
$ 5.1
$ 6.4
$ 5.9
Forward-starting
1.3
1.3
1.3
1.3
1.3
—
—
Cash flow hedges:
Active
16.7
17.5
17.0
17.7
15.2
13.9
12.7
Forward-starting
8.8
8.0
5.8
1.8
1.8
1.5
—
Fair value hedges -
weighted-average fixed rate:
Active
3.56 %
3.56 %
3.56 %
3.56 %
3.66 %
3.85 %
3.85 %
Forward-starting
4.62
4.62
4.62
4.62
4.62
—
—
Cash flow hedges -
weighted-average fixed rate:
Active
3.70
3.69
3.67
3.78
3.78
3.76
3.87
Forward-starting
3.97
4.01
4.23
4.56
4.56
4.55
—
Reconciliation of Quarterly GAAP to Non-GAAP Measures
Three Months Ended
Nine Months Ended
September 30,
September 30,
2026
2025
2026
2025
(Dollars in millions, except per share)
Income statement data
Net income
Net income
$ 775
$ 792
$ 2,257
$ 2,092
Amortization of core deposit and other intangible assets (1)
5
6
17
24
Net operating income
$ 780
$ 798
$ 2,274
$ 2,116
Earnings per common share
Diluted earnings per common share
$ 5.04
$ 4.82
$ 14.48
$ 12.34
Amortization of core deposit and other intangible assets (1)
.04
.05
.12
.15
Diluted net operating earnings per common share
$ 5.08
$ 4.87
$ 14.60
$ 12.49
Other expense
Other expense
$ 1,393
$ 1,363
$ 4,180
$ 4,114
Amortization of core deposit and other intangible assets
(7)
(10)
(23)
(32)
Noninterest operating expense
$ 1,386
$ 1,353
$ 4,157
$ 4,082
Efficiency ratio
Noninterest operating expense (numerator)
$ 1,386
$ 1,353
$ 4,157
$ 4,082
Taxable-equivalent net interest income
$ 1,805
$ 1,773
$ 5,372
$ 5,202
Other income
743
752
2,172
2,046
Less: Gain (loss) on bank investment securities
(1)
1
5
1
Denominator
$ 2,549
$ 2,524
$ 7,539
$ 7,247
Efficiency ratio
54.4 %
53.6 %
55.1 %
56.3 %
Balance sheet data
Average assets
Average assets
$ 218,860
$ 211,053
$ 216,424
$ 209,889
Goodwill
(8,465)
(8,465)
(8,465)
(8,465)
Core deposit and other intangible assets
(45)
(79)
(52)
(86)
Deferred taxes
17
24
18
25
Average tangible assets
$ 210,367
$ 202,533
$ 207,925
$ 201,363
Average common equity
Average total equity
$ 28,331
$ 28,583
$ 28,305
$ 28,748
Preferred stock
(2,890)
(2,394)
(2,635)
(2,394)
Average common equity
25,441
26,189
25,670
26,354
Goodwill
(8,465)
(8,465)
(8,465)
(8,465)
Core deposit and other intangible assets
(45)
(79)
(52)
(86)
Deferred taxes
17
24
18
25
Average tangible common equity
$ 16,948
$ 17,669
$ 17,171
$ 17,828
At end of quarter
Total assets
Total assets
$ 220,510
$ 211,277
Goodwill
(8,465)
(8,465)
Core deposit and other intangible assets
(41)
(74)
Deferred taxes
16
23
Total tangible assets
$ 212,020
$ 202,761
Total common equity
Total equity
$ 28,159
$ 28,728
Preferred stock
(3,017)
(2,394)
Common equity
25,142
26,334
Goodwill
(8,465)
(8,465)
Core deposit and other intangible assets
(41)
(74)
Deferred taxes
16
23
Total tangible common equity
$ 16,652
$ 17,818
____________________
(1)
After any related tax effect.
Reconciliation of Quarterly GAAP to Non-GAAP Measures, Five Quarter Trend
Three Months Ended
September 30,
June 30,
March 31,
December 31,
September 30,
2026
2026
2026
2025
2025
(Dollars in millions, except per share)
Income statement data
Net income
Net income
$ 775
$ 818
$ 664
$ 759
$ 792
Amortization of core deposit and other intangible assets (1)
5
5
7
8
6
Net operating income
$ 780
$ 823
$ 671
$ 767
$ 798
Earnings per common share
Diluted earnings per common share
$ 5.04
$ 5.32
$ 4.13
$ 4.67
$ 4.82
Amortization of core deposit and other intangible assets (1)
.04
.03
.05
.05
.05
Diluted net operating earnings per common share
$ 5.08
$ 5.35
$ 4.18
$ 4.72
$ 4.87
Other expense
Other expense
$ 1,393
$ 1,349
$ 1,438
$ 1,379
$ 1,363
Amortization of core deposit and other intangible assets
Palantir Technologies (PLTR -0.23%) trades around $204 a share today, valuing the company at about $491 billion. That's already a massive number for a company that didn't report its first full year of GAAP profit until 2023.
The stock's valuation using multiple metrics suggests that it is expensive. But for investors looking into Palantir, the question worth asking isn't whether Palantir is expensive, but whether its growth can catch up to its price tag by the end of 2027.
Running the actual math suggests it's a closer call than the sticker price alone implies.
Image source: Palantir Technologies.
This is what Palantir says is happening right now Palantir's own second-quarter 2026 results, reported in August, showed revenue of $1.935 billion, up 93% year over year, with U.S. commercial revenue growing 149%. Off the back of that, management raised full-year 2026 revenue guidance to between $8.150 billion and $8.158 billion, implying 82% growth for the year, and raised its U.S. commercial revenue guidance to more than $3.424 billion, at least 134% growth. The company also guided third-quarter revenue to between $2.160 billion and $2.164 billion, with Q3 results due Nov. 2. This is Palantir's own stated targets, and the company has beaten its own guidance in each of the last several quarters. Palantir's long-term upside hinges on monetizing AI sovereignty. If they can keep pulling that off, the following bullish math seems likely.
Doing the math on Palantir At today's price, Palantir trades at roughly 61 times its own full-year 2026 revenue guidance, a genuinely rich multiple by any standard, software or otherwise. Palantir hasn't issued formal 2027 guidance yet; that typically arrives alongside fourth-quarter results in February. So building a 2027 price target means making an explicit assumption about where growth heads next, and I want to be upfront that what follows is my own scenario, not a number pulled from Palantir.
In a base case, I'd assume growth decelerates from this year's 82% down to around 55% for 2027, a meaningful slowdown but a believable one given how government and commercial demand have both been accelerating, not fading. That puts 2027 revenue near $12.6 billion. If the market also brings Palantir's sales multiple down somewhat, from 61 times to a still-rich 45 times, reflecting a company that's matured a bit further into its growth story, that works out to a market cap near $567 billion, or a share price around $237, roughly 13% above today's level.
PLTR Palantir Technologies$200.50-$0.47 (-0.23%)
NASDAQ · As of 4:00 PM ET 10/15/26
In a more bullish case, growth remains closer to 65% as new government contracts and commercial AI deployments continue to compound, pushing 2027 revenue to about $13.5 billion. If the multiple only compresses modestly, to around 55 times, that implies a market cap near $742 billion and a share price closer to $310, nearly 50% above current levels.
Both of those scenarios assume Palantir keeps executing at a level only a handful of software companies in history have sustained for this long. Any real slowdown, a government contract delay, slower enterprise AI adoption, or simply the law of large numbers catching up to a company this size, would hit this stock harder than most.
That said, Palantir has a lot going for it, including surging demand for AI software, strong adoption of its Artificial Intelligence Platform (AIP), and an 83% year-over-year increase in remaining deal value to $13.1 billion. If Palantir can justify its premium, my bullish case is pretty likely.
Where that leaves investors Palantir's own numbers, 93% revenue growth, 149% U.S. commercial growth, massive remaining deal value, and guidance raised every quarter this year are really strong cases for this stock. Whether that's enough to justify today's price by the end of 2027 depends almost entirely on whether that growth rate can hold up anywhere close to its current level.
On October 14, Micron (NASDAQ: MU) recorded its first insider stock sale since late August, as Senior Vice President and Chief Legal Officer (CLO) Michael Ray offloaded 6,328 MU shares.
Receive Signals on SEC-verified Insider Stock Trades
Stocks
This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC).
Specifically, the October 15 Securities and Exchange Commission (SEC) filing revealed that the CLO dumped the equity across two trades of vastly different scales, with the larger one executed at an average price of $929.64 and the smaller at $947.29.
Indeed, Michael Ray disclosed selling 6,288 Micron shares for a total of $5.84 million at the lower price, and another 40 at the higher for a total of $37,892.
Notably, the value of these latest insider trades is similar to the CLO’s previous 2026 MU stock dumps. On January 27, he sold 12,268 shares for $5 million, and on May 1, he dumped 7,601 for $4 million.
This is the biggest Micron stock insider trader in terms of selling in 2026 Meanwhile, despite being responsible for the most recent such stock market maneuvers, Ray is neither the largest nor the most frequent Micron insider trader.
Receive Signals on SEC-verified Insider Stock Trades
Stocks
This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC).
Instead, President and CEO Sanjay Mehrotra is responsible for the vast majority of volume. Across eight trades – all executed in a relatively short period between May and August – he sold roughly 200,000 MU shares worth a total of approximately $180 million.
Latest Micron stock insider trade timing Lastly, Ray’s insider sales came on the same day that Micron stock recorded its lowest closing price of any day in the last month of trading – $914.13.
Furthermore, MU shares recorded a relatively strong 1.87% recovery during the October 15 session, and met the latest evening bell at $931.24, while even the Friday pre-market downturn failed to take them as low.
Micron stock price one-month chart. Source: Google At press time on October 16, Micron stock is changing hands at $919.20, leaving it nearly flat on the 30-day chart, though still at a price nearly three times higher than it was at the start of 2026.
Featured image via Shutterstock
Best Crypto Exchange for Intermediate Traders and Investors
Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.
0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.
30+ million Users worldwide
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD
Join Finbold's newsroom, become a Sales Executive today! Apply now to join Finbold as a crypto/finance news writer!
Společnost Ithaca Holdco má převzít Bumble za 6,05 USD za akcii; BFA Law prověřuje spravedlnost podmínek, protože Whitney Wolfe Herd může po fúzi převést své akcie do nástupnické společnosti.
NEW YORK, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that it is investigating the merger between Ithaca Holdings (Ithaca Holdco, Inc.) and Bumble Inc. (NASDAQ:BMBL). Bumble is incorporated in Delaware.
If you are a current shareholder of Bumble, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/bumble-investigation.
Key Details of the Bumble ($BMBL) Investigation:
Investigation Overview: Breaches of Fiduciary Duty in connection with the merger under which Ithaca Holdco, Inc. will acquire the public stock of Bumble for $6.05 per shareAction: Contact BFA Law to discuss your rights Why is the Bumble Transaction being Investigated?
Bumble, Inc. is a company that is controlled by two majority stockholders—Blackstone Inc. and Bumble’s founder, Whitney Wolfe Herd. Those two stockholders alone control 83.7% of the company’s voting power. Bumble secured stockholder approval for the merger with Ithaca with the written consent of Blackstone and Whitney Wolfe Herd, with no further stockholder vote planned. Bumble’s board of directors reportedly approved the merger on the recommendation of the special committee it formed to evaluate the merger.
As a part of the merger agreement with Ithaca Holdco, Inc., Whitney Wolfe Herd’s stock in Bumble is being allowed to rollover into the post-merger company—meaning she will continue to own stock in the company after the merger closes. The opportunity to rollover shares is not being extended to any other stockholders.
BFA is investigating whether the terms of the merger, including the rollover, comply with Delaware law, including whether the $6.05 per share price is a fair price for the public stockholders’ shares of Bumble stock.
Click here for more information:
https://www.bfalaw.com/cases/bumble-investigation
What Can You Do?
If you are a current holder of Bumble stock, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
Submit your information by visiting:
https://www.bfalaw.com/cases/bumble-investigation
Or contact:
Adam McCall
[email protected]
212.789.3619
Why Bleichmar Fonti & Auld LLP?
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
https://www.bfalaw.com/cases/bumble-investigation
Attorney advertising. Past results do not guarantee future outcomes.
Li Auto zajistila pro svou čipovou dceřinou společnost MHX Technology kapitálové financování ve výši 1,625 mld. RMB; sama investuje 1 mld. RMB a externí investoři 625 mil. RMB.
BEIJING, China, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that Shanghai Mahe Xin Technology Co., Ltd. (“MHX Technology”), a subsidiary of the Company dedicated to its chip and domain controller business, entered into subscription agreements for equity financing totaling RMB1.625 billion (the “Subscription”). The Company, through a wholly-owned subsidiary, and external investors including Hangzhou Jingtao, Lanchi Ventures, Huaye Tiancheng and MiraclePlus (the “Investors”) will invest RMB1.0 billion and RMB625 million respectively.
In addition, Hangzhou Jingtao Additional Investor has been granted a right (“Hangzhou Jingtao Subscription Right”), on a one-off basis on or before December 31, 2026, to invest in MHX Technology at the same price per unit of increased registered capital as that under the Subscription, for an aggregate consideration of not more than RMB500 million.
In connection with the Subscription, MHX Technology will adopt two share incentive plans to provide incentives to its valuable employees and key contributors.
Li Auto will continue to control and consolidate MHX Technology’s financial results following the financing. Assuming full utilization of both incentive plans and full exercise of the Hangzhou Jingtao Subscription Right, the Company, the Investors, and certain entities to administer MHX Technology’s share incentive plans expect to hold approximately 74.01%, 6.58%, and 19.41% equity interest in MHX Technology, respectively.
The establishment of MHX Technology as a dedicated platform for the chip and domain controller business positions it to capitalize on broader industrial opportunities, particularly in non-automotive sectors, and realize enhanced economies of scale. In addition, the Subscription provides MHX Technology with substantial capital to advance its R&D and commercialization efforts, while the share incentive plans will attract, motivate and retain key talents, aligning participants’ interests with the long-term growth of the business.
Completion of the financing is subject to customary closing conditions. Further details are available in the Company’s announcement published on the website of The Stock Exchange of Hong Kong Limited on October 16, 2026.
About Li Auto Inc.
Li Auto Inc. is a leader in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Its mission is: Be Proactive, Change the World. Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and comfortable products and services. Li Auto is a pioneer in successfully commercializing extended-range electric vehicles in China. While firmly advancing along this technological route, it builds platforms for battery electric vehicles in parallel. The Company leverages technology to create value for users. It concentrates its in-house development efforts on proprietary range extension systems, innovative electric vehicle technologies, and smart vehicle solutions. The Company started volume production in November 2019. It offers high-tech flagship family MPVs, Li L series extended-range electric SUVs, and Li i series battery electric SUVs. The Company will continue to expand its product lineup to target a broader user base.
For more information, please visit: https://ir.lixiang.com.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “targets,” “likely to,” “challenges,” and similar statements. Li Auto may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”) and The Stock Exchange of Hong Kong Limited (the “HKEX”), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about Li Auto’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Li Auto’s strategies, future business development, and financial condition and results of operations; Li Auto’s limited operating history; risks associated with extended-range electric vehicles and high-power charging battery electric vehicles; Li Auto’s ability to develop, manufacture, and deliver vehicles of high quality and appeal to customers; Li Auto’s ability to generate positive cash flow and profits; product defects or any other failure of vehicles to perform as expected; Li Auto’s ability to compete successfully; Li Auto’s ability to build its brand and withstand negative publicity; cancellation of orders for Li Auto’s vehicles; Li Auto’s ability to develop new vehicles; and changes in consumer demand and government incentives, subsidies, or other favorable government policies. Further information regarding these and other risks is included in Li Auto’s filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and Li Auto does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
Li Auto Inc.
Investor Relations
Email: [email protected]
Black Hills (BKH -0.73%) is a regulated utility with an impressive 56-year track record of dividend growth. This makes it a Dividend King, or a company that has raised its payout for 50 consecutive years or more.
Regulated utilities have historically been a sleepy part of the stock market because of their low volatility and stable cash flows, but lately they have been making headlines for long-term agreements with major technology companies. On Oct. 6, Black Hills announced multiple agreements with Alphabet's Google to provide energy infrastructure and services for its hyperscale data center campus in Cheyenne, Wyoming. The agreement runs through 2048 and builds on Black Hills' position as the region's top energy provider for hyperscalers.
Here's what investors need to know.
Image source: Getty Images.
Breaking down Black Hills' deal with Google As part of its arrangement with Google, Black Hills will deliver 2.7 gigawatts (GW) of power for Google's data center campus. This includes 590 megawatts (MW) of utility grid-connected service and another 2.1 GW of privately managed, third-party-contracted resources operating as an off-grid microgrid, and boosts Black Hills' position in the region.
Energy services are projected to begin in late 2027 and ramp up to peak operational load by 2030. At that point, Black Hills projects the deal will deliver $150 million in annual net income and $2.4 billion in unlevered free cash flow through 2048.
Under the deal, Black Hills will invest $1.8 billion in capital expenditures to build 564 MW of natural gas power generation between 2027 and 2029. Google provided $399 million in refundable advances for long-lead equipment procurement, which Black Hills plans to reimburse by next year.
BKH Black Hills$75.87-$0.56 (-0.73%)
NYSE · As of 4:00 PM ET 10/15/26
Wyoming is emerging as a data center hub The move helps Black Hills build on its strong regional position. It operates across eight states, including Wyoming, Colorado, Montana, and South Dakota. Cheyenne, Wyoming, has emerged as a data center hub thanks to favorable regulatory policies, a cool climate, and major grid investments.
Wyoming Electric has seen peak electric loads grow over two decades since Black Hills acquired the utility, and its system peak reached a record of 439 MW in July 2026, up 16% from 2025.
Black Hills has partnered with Microsoft in Cheyenne for over a decade and continues to build on that collaboration. In April, Microsoft announced it would acquire 3,200 acres in the area for a new data center capacity under the state's Large Power Contract Service (LPCS) tariff. In addition, Meta Platforms is another hyperscaler building a data center in the region, which is scheduled to open in 2027.
What this means for Black Hills' outlook The influx of hyperscalers into Wyoming is boosting Black Hills, which is evolving from a sleepy, defensive utility to a key energy infrastructure provider for AI data centers in the region. Its baseline forecast (before its Google deal) includes 600 MW of large data center load through 2030, anchored by Microsoft's and Meta's data centers.
Its deal with Google builds on its strong position, and the $150 million in added net income is massive for the company, which had $292 million in net income in 2025. The company is also a strong dividend stock, with 56 years of raises and a 3.6% yield.
As Wyoming's data center market grows and energy demand surges, Black Hills stands out as an appealing utility stock to capitalize on this growth.
Analytici se u společnosti VICI Properties (NYSE:VICI) shodují na doporučení „držet“; z 15 analytiků jich osm doporučuje akcie držet a sedm je koupit. Průměrná cílová cena pro následujících 12 měsíců činí 30,00 USD.
Shares of VICI Properties Inc. (NYSE:VICI – Get Free Report) have been given a consensus recommendation of “Hold” by the fifteen ratings firms that are covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $30.00.
Several research firms recently commented on VICI. Robert W. Baird set a $32.00 price objective on shares of VICI Properties in a research report on Thursday, July 30th. Wells Fargo & Company reduced their target price on shares of VICI Properties from $27.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 1st. Royal Bank Of Canada started coverage on VICI Properties in a report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 target price for the company. Citigroup reissued a “market outperform” rating on shares of VICI Properties in a research note on Friday, October 2nd. Finally, Citizens Jmp dropped their price target on VICI Properties from $35.00 to $31.00 and set a “market outperform” rating on the stock in a research note on Friday, October 2nd.
Read Our Latest Stock Report on VICI
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of VICI Properties by 3.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,699,040 shares of the company’s stock worth $284,060,000 after acquiring an additional 349,262 shares in the last quarter. Amundi raised its holdings in shares of VICI Properties by 21.1% in the second quarter. Amundi now owns 7,728,135 shares of the company’s stock valued at $205,182,000 after purchasing an additional 1,344,994 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of VICI Properties in the second quarter valued at approximately $4,858,000. The Manufacturers Life Insurance Company lifted its position in shares of VICI Properties by 19.3% in the second quarter. The Manufacturers Life Insurance Company now owns 1,097,823 shares of the company’s stock worth $29,147,000 after purchasing an additional 177,238 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of VICI Properties by 2.7% in the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock worth $763,553,000 after purchasing an additional 734,068 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.
VICI Properties Stock Performance
Shares of VICI opened at $23.43 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. VICI Properties has a twelve month low of $22.42 and a twelve month high of $31.69. The firm’s 50 day moving average price is $24.69 and its two-hundred day moving average price is $26.55. The firm has a market cap of $25.80 billion, a P/E ratio of 9.08 and a beta of 0.65.
VICI Properties (NYSE:VICI – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company earned $0.60 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, analysts forecast that VICI Properties will post 2.47 EPS for the current fiscal year.
VICI Properties Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were given a dividend of $0.46 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend was Thursday, September 17th. VICI Properties’s payout ratio is currently 71.32%.
VICI Properties Company Profile
(Get Free Report)
VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and acquires experiential real estate, with a primary focus on gaming, hospitality and entertainment properties. The company generates revenue by leasing its properties to operating partners, generally under long-term, triple-net lease agreements that place responsibility for property-level expenses with the tenants.
VICI’s portfolio includes some of the most recognized gaming and resort destinations in the United States, including properties associated with Caesars Entertainment, MGM Resorts International and other gaming operators.
Featured Stories
Five stocks we like better than VICI Properties
ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing
Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans
AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
Beyond the GPU: Credo Paves the Next AI Data Superhighway
Receive News & Ratings for VICI Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VICI Properties and related companies with MarketBeat.com's FREE daily email newsletter.
Azenta, Inc. (NASDAQ:AZTA – Get Free Report) has been given an average recommendation of “Hold” by the seven analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $41.20.
A number of analysts have issued reports on AZTA shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $37.00 target price on shares of Azenta in a research note on Monday, September 14th. Wall Street Zen upgraded Azenta from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Finally, Weiss Ratings raised shares of Azenta from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 26th.
View Our Latest Research Report on Azenta
Hedge Funds Weigh In On Azenta Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Azenta in the 2nd quarter valued at approximately $192,152,000. Conestoga Capital Advisors LLC increased its holdings in shares of Azenta by 116.1% during the 1st quarter. Conestoga Capital Advisors LLC now owns 2,844,546 shares of the company’s stock worth $60,105,000 after buying an additional 1,528,145 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Azenta by 16.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,613,914 shares of the company’s stock valued at $34,183,000 after buying an additional 225,867 shares during the period. Front Street Capital Management Inc. purchased a new stake in shares of Azenta during the 2nd quarter valued at approximately $33,212,000. Finally, American Capital Management Inc. raised its position in shares of Azenta by 26.9% during the 1st quarter. American Capital Management Inc. now owns 1,296,024 shares of the company’s stock valued at $27,385,000 after buying an additional 274,588 shares during the period. 99.08% of the stock is currently owned by institutional investors and hedge funds. Azenta Price Performance AZTA opened at $36.52 on Tuesday. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of -13.23 and a beta of 1.52. The company’s 50 day simple moving average is $34.14 and its two-hundred day simple moving average is $27.40. Azenta has a 1-year low of $15.93 and a 1-year high of $46.41.
Azenta (NASDAQ:AZTA – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. The business had revenue of $161.18 million during the quarter, compared to analyst estimates of $149.31 million. Azenta had a positive return on equity of 1.18% and a negative net margin of 20.63%.
About Azenta (Get Free Report)
Azenta, Inc (NASDAQ: AZTA) is a life sciences company that provides products and services for the management, storage, and analysis of biological and chemical samples. Its offerings support pharmaceutical and biotechnology companies, academic and government research institutions, clinical research organizations, and other laboratories.
The company’s products include automated sample storage systems, laboratory automation equipment, sample-management software, consumables, and cold-storage solutions designed to preserve and track biological materials.
See Also Five stocks we like better than Azenta ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle Beyond the GPU: Credo Paves the Next AI Data Superhighway
Receive News & Ratings for Azenta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Azenta and related companies with MarketBeat.com's FREE daily email newsletter.
Tencent (0700.HK) said on Friday that AI agents used to evaluate third-party models displayed web-browsing behavior not intended by the tech giant, in what appears to be the first known incident of rogue agent actions acknowledged by a major Chinese company.
The statement followed a report by AI-safety research group Swarmchasers on Wednesday, which said "rogue" agents running on infrastructure it linked to Tencent Cloud made repeated attempts between September 28 and October 8 to retrieve information from Alibaba's (9988.HK) Amap, China's equivalent to Google Maps.
Tencent Hunyuan, the company's artificial intelligence unit, said in a post on X that the activity did not originate from its Hunyuan models. Its review found no evidence of deliberate targeting or coordination, it said.
The Swarmchasers researchers said the agents sought information such as the commonly used entrances at Chinese parks, museums and zoos.
The actions are not as egregious as those disclosed by US AI companies which include the hack of open-source platform Hugging Face by an OpenAI agent and the lodging of a fake homicide tip by an Anthropic agent.
But the disclosure underscores research that shows Chinese AI agents can also misrepresent their identity, conceal failures and try to circumvent testing controls.
Tencent said it took the findings very seriously and was strengthening network access controls and agent monitoring.
Hunyuan is one of China's leading AI model developers, competing with in-house teams at rivals such as Alibaba and ByteDance. ByteDance this week announced the creation of a new unit focused on AI model and agent safety.
Swarmchasers said it used the word "rogue" to describe agents taking actions outside their intended scope or completing a task in unintended ways.
After routine automated requests were blocked, the agents tried other methods, including public web tools that could open pages and run code, routing requests through other websites and using Amap keys and security codes found in publicly available software code.
Swarmchasers said it found no evidence that the agents breached Amap's main anti-bot safeguards. Most of the 2,818 attempts it recorded either failed or returned anti-bot pages, login screens or blank results.
Some requests returned information through cached pages and intermediary services, including data on visitor arrivals at Chengdu Zoo, Swarmchasers said. The researchers said they could not determine whether an agent read the result or completed its task.
CoreWeave (NASDAQ: CRWV) stock has slipped roughly 40% in the past six months, and investors have generally not been happy, especially with the company’s rising debt burden. Cantor Fitzgerald, however, believes the market has got it all wrong.
On October 15, the bank claimed there’s been “a lot of fearmongering” about the cloud-computing company, arguing that now might actually be “one of the most attractive times” to invest, and for more than one reason.
First, Cantor highlighted that all of CoreWeave’s capacity scheduled to come online in 2027 has already been sold, and second, it reminded investors that Nvidia (NASDAQ: NVDA), a major supporter of the company since before its 2025 initial public offering (IPO), has agreed to backstop any remaining unsold capacity.
Not only that, but Nvidia CEO Jensen Huang has also personally expressed confidence in the company, pushing back against concerns surrounding its financial position. Recall also that Nvidia invested $2 billion in CoreWeave In January.
“CoreWeave’s strength is improving every day. I’m optimistic. Their cost of capital is actually decreasing,” Huang told Bloomberg.
These factors, it appears, were enough for the bank to double down on both its “Overweight” rating and $176 CoreWeave stock price, which implies an upside of 150% from the current price of $69.69.
CRWV stock price six-month chart. Source: Google Finance
CoreWeave stock is fine, CEO Michael Intrator says
CoreWeave CEO Michael Intrator has also described the market selloff as “irrational” in an internal memo shared with Bloomberg, reaffirming the current business model as viable. Specifically, Intrator said CoreWeave’s contracted deal backlog was sufficient to more than cover its debt obligations.
The CEO attributed some of the recent negative sentiment to broader concerns surrounding artificial intelligence (AI) financing, claiming that difficulties faced by rival companies seeking IPOs and debt funding were affecting perceptions of CoreWeave.
Working in Intrator’s favor, several other Wall Street firms have also maintained bullish views. For instance, Bank of America (BofA) reiterated its “Buy” rating and $140 price target on October 14, while raising its revenue estimates for 2027 and 2028. Like Cantor, Deutsche Bank also described the selloff as a buying opportunity, maintaining its Buy rating and $150 price target.
While analysts and chief executives have defended CoreWeave’s outlook, its co-founders have collectively sold approximately $3.3 billion worth of shares since the company’s IPO. Notably, approximately $2.4 billion of those sales occurred in 2026, with CoreWeave stock having fallen approximately 60% from its June 2025 peak.
Intrator himself sold more than $907 million worth of shares in 2026, while co-founder Brannin McBee sold approximately $1.06 billion, reducing his IPO stake by 40.4%. Co-founder Brian Venturo has further sold more than $1.2 billion worth of CRWV shares since the IPO, including approximately $734 million in the second quarter alone.
While the sales do not necessarily imply that the founders have lost confidence in the company, their scale was sufficient to attract investor attention as the stock faced pressure on all fronts. Accordingly, this contrast between substantial insider selling, slipping share prices, bullish Wall Street calls, and large-backer confidence such as Nvidia only further illustrates the uncertainty surrounding the company.
Sandisk (SNDK -0.61%) stock has already delivered an extraordinary run this year, up about 497% year-to-date, as of Oct. 13, 2026. There are risks with storage stocks, given the past boom-and-bust cycles in product pricing. However, the stock, currently priced at $1,416, has a realistic shot at nearly tripling to $4,128 over the next year or so, provided demand for storage and memory continues to outstrip supply and remains strong.
Image source: Getty Images.
CEO says Sandisk is still in the early innings of AI-driven growth
On the August 2026 earnings call, CEO David Goeckeler called AI inference a memory-centric, storage-intensive problem reshaping demand for NAND flash memory. Its leadership in this market is translating into broader customer adoption.
Revenue grew 51% quarter over quarter to $9 billion in the fiscal fourth quarter. Management expects revenue to grow approximately 17% sequentially in fiscal first-quarter 2027, to between $10.3 billion and $10.8 billion. Adjusted (non-GAAP) earnings per share (EPS) are expected to be between $44 and $46.
Sandisk is selling more high-speed solid-state drives (SSDs) to big cloud and AI companies that need fast storage for their most demanding computing tasks. In the latest quarter, it also began shipping a new, higher-capacity product called Stargate, designed for the massive data collections that AI systems create and use.
SNDK Sandisk$1,394.83-$8.51 (-0.61%)
NASDAQ · As of 4:00 PM ET 10/15/26
Over the last year, data center storage has grown from roughly 12% of the company's total bits shipped to 38%, making it Sandisk's fastest-growing market.
Goeckeler said he believes Sandisk is still in the early innings of this opportunity. That outlook aligns with broader AI spending trends. Goldman Sachs Research forecasts that global AI-related investment will exceed $1 trillion this year.
Sandisk's path to a $4,300 share price
The risk for any storage stock is cyclical price fluctuations. However, new long-term agreements with eight customers are expected to cover more than half of bits shipped in fiscal 2027 and two-thirds in fiscal 2028, providing greater visibility into revenue and earnings.
At the current $1,416 share price on Oct. 14, 2026, the stock is trading at a price-to-earnings (P/E) multiple of 19.2. Applying the same trailing multiple to the $215 consensus fiscal 2027 earnings estimate puts the share price at $4,128 next year.
Still, it's difficult to predict how the market will value the stock. If the market senses greater risk of a downturn in storage and memory pricing, or a stall in the AI spending boom, it may value the shares at a lower P/E multiple. Therefore, the stock may not deliver nearly as much upside.
Based on Goeckeler's comment on the runway of growth still ahead, I think the stock is worth buying. Top memory supplier Micron Technology is mostly sold out of advanced memory for 2027, and at higher prices than in 2026. This points to broad market demand for storage and memory that will continue to benefit Sandisk. Even a modest P/E on next year's earnings would send Sandisk stock price over $2,000 in 2027.
Gabriela Castillo Madrid, vedoucí oddělení politiky AI ve SpaceX, bude vypovídat před Radou města New York v rámci jejího vyšetřování bezpečnosti umělé inteligence.
SpaceX artificial intelligence policy leader Gabriela Castillo Madrid is set to testify before the New York City Council on Friday as part of a legislative investigation into AI safety.
The hearing with the council's tech committee is scheduled for 10 a.m. ET at City Hall with Castillo Madrid appearing by video conference.
Elon Musk's aerospace, defense tech and AI company originally evaded requests and a subpoena from the city council to appear alongside leaders from OpenAI, Anthropic, Google and Meta on Oct. 5. SpaceX agreed to testify earlier this week after the council threatened to have its subpoena enforced by a judge.
The council opened its probe following a month of intense debate surrounding the risks posed by advanced AI models, and is aiming to use testimony and information unearthed through the investigation to guide new regulations.
Before Castillo Madrid took a role in government affairs at SpaceX earlier this year, she worked at X, Musk's social media company that's now owned by SpaceX, according to her LinkedIn profile. Prior to that, she spent almost three years at the U.S. Department of Commerce.
In merging SpaceX with xAI in February, Musk combined his AI and social networking business with his rocket launch company, which also owns the Starlink satellite internet service. The merger put SpaceX in control of AI model Grok, which is used by some federal agencies, including the Pentagon.
SpaceX went public in June and is now valued at about $2 trillion. In August, SpaceX completed a $60 billion acquisition of AI coding startup Cursor.
In skipping the earlier NYC Council hearing, SpaceX avoided direct questioning from a member of the U.K. Parliament, Jess Asato, who testified about experiencing AI-enabled online harassment.
Asato is suing xAI in the U.K. after Grok users created and distributed sexualized images of her online without her consent. She's seeking damages, alleging misuse of her private information and breaches of European data protection rules.
According to the BBC, Asato criticized SpaceX for its "arrogance" in not appearing last week.
SpaceX didn't respond to a request for comment ahead of the meeting.
Akcie Chipotle do 14. října letošního roku klesly o 18 % a od maxima z června 2024 o 56 %, přestože tržby ve srovnatelných restauracích ve 2. čtvrtletí vzrostly o 2,2 %.
Chipotle Mexican Grill (CMG +0.20%) is a restaurant industry pioneer. It popularized the fast-casual dining concept. The focus on fresh, customizable food, fast service, and reasonable prices has made the business a household name.
Shares have been feeling the heat. As of Oct. 14, they have fallen 18% in 2026 and are 56% off their record from June 2024. The rest of the year may tell a different story.
Here's what history says the fourth quarter will bring for this restaurant stock.
Image source: The Motley Fool.
Past trends reveal mixed performance This decade, the performance of Chipotle's shares has been up and down in Q4. In the fourth quarters of 2021, 2022, 2024, and 2025, the stock fell by single digits. However, in 2020 (+12%) and 2023 (+25%), shares posted double-digit returns. So far this month, they have dropped by over 4%. Q4 2026 is off to a slow start.
At the same time, the S&P 500 index has climbed almost 1%. The positive view is that by the end of this year, Chipotle will end Q4 with a strong gain. This will continue the every-three-year streak, as the fourth quarters of 2020 and 2023 saw winning results.
Navigating a weaker industry As mentioned, Chipotle shares have been cut by more than half since the summer of 2024. At that time, it was clear that the stock was extremely expensive. It traded at a price-to-earnings (P/E) ratio of 73.2. Expectations were sky-high. That's not surprising, given that net income surged 183% from first-quarter 2021 to Q1 2024. The business was hitting its stride.
In recent years, Chipotle has been rattled by weaker conditions in the industry. The fast-casual segment, and the overall restaurant sector, have seen consumers pull back, particularly among households making less than $100,000 in annual income.
Furthermore, making food at home has become a more cost-conscious decision. According to U.S. Department of Agriculture data from 2025, the value proposition of buying groceries widened compared to eating out.
In 2025, Chipotle reported a rare same-store sales (SSS) decline of 1.7%. That improved to a gain of 0.5% in Q1 and 2.2% in the second quarter (ended June 30) of this year. The leadership team expects SSS to rise in the low single digits for the full year.
Profitability has come under pressure. Costs have increased due to labor and food inflation. The unit-level operating margin was 25.2% in the most recent quarter. That's down 220 basis points from the same period last year.
In order to right the ship and position the business for faster growth, Chipotle is investing in menu enhancements, the in-store dining experience, digital reach, and marketing efforts to drive foot traffic. Capital expenditures were $397.6 billion through the first six months of 2026, up 30% year over year. This hits free cash flow directly.
CMG Chipotle Mexican Grill$30.58+$0.06 (+0.20%)
NYSE · As of 4:00 PM ET 10/15/26
The stock might be cheap for a reason It can be hard for Chipotle to attract investor interest at a time when it seems everyone is enamored by artificial intelligence stocks. These enterprises can promise faster growth and bigger gains. The Tex-Mex chain has to compete with that.
For what it's worth, Chipotle's valuation has become more attractive. The stock trades at a P/E ratio of 28.2, which is near a 10-year low. Expectations have fallen due to the company's softer financial results.
This is a high-quality business, though. Its brand is arguably the strongest in the fast-casual space. Its 4,186 company-owned stores give it tremendous scale. It keeps growing, with 350 to 370 net new openings scheduled for this year. Profits are consistent; the average quarterly operating margin in the past five years was 15.8%.
That combination should keep Chipotle on your radar. However, the future might not be as robust as the past was. Consensus analyst forecasts call for earnings per share to grow at just 8.6% per year from 2025 to 2028. This is significantly below the 21.2% annualized pace of the previous three years. Investors need to temper their expectations.
HGT Law vyšetřuje možné porušení zákonů o cenných papírech společností L3Harris po okamžité rezignaci generálního ředitele Christophera Kubasika; akcie 17. srpna klesly o 4,61 %.
, /PRNewswire/ -- HGT Law announces that it is investigating claims on behalf of shareholders of L3Harris Technologies, Inc. ("L3Harris" or the "Company") (NYSE:LHX) for potential violations of the federal securities laws and potential breaches of fiduciary duties by the Company's officers and directors.
L3Harris is a global defense technology company that provides mission-critical solutions to government and commercial customers through its Space & Mission Systems, Communications & Spectrum Dominance, and Missile Solutions segments.
On August 17, 2026, L3Harris announced that Christopher Kubasik had stepped down as Chairman and Chief Executive Officer, effective immediately. The Company stated that it had become aware of conduct by Mr. Kubasik that was inconsistent with the values set forth in its Code of Conduct. On this news, L3Harris's stock price fell $13.44 per share, or 4.61%, closing at $278.38 per share on August 17, 2026.
On August 19, 2026, The Wall Street Journal reported that multiple women at L3Harris had raised concerns about Mr. Kubasik's behavior years before his departure, including a formal sexual harassment complaint made to the Company's human resources department around 2023. The departure was the second time Mr. Kubasik had been removed from a senior executive role over alleged misconduct with an employee. In 2012, Lockheed Martin asked him to resign as its President, and CEO-designate, after an investigation found he had a close personal relationship with a subordinate in violation of its code of ethics.
HGT Law is investigating whether L3Harris and its officers and directors made materially false or misleading statements, or failed to disclose material information, to investors and whether the Company's Board of Directors breached its fiduciary duties in overseeing executive conduct and in approving the terms of Mr. Kubasik's separation.
If you purchased or currently hold L3Harris securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact HGT Law at (646) 453-7288 or via email at [email protected].
About HGT Law
HGT Law is a boutique commercial litigation firm that both institutions and individuals who have suffered losses arising from: violations of federal and state securities laws; breaches of fiduciary duty by corporate directors and officers; breach of contract; and business torts.
Attorney Advertising. Prior results do not guarantee similar outcomes.
Contact:
HGT Law
(646) 453-7288
[email protected]
www.hgtlaw.com
Pomerantz LLP prověřuje možné porušení zákonů o cenných papírech společností lululemon po slabších tržbách a snížení celoročního výhledu tržeb i zisku.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of lululemon athletica inc. ("lululemon" or the "Company") (NASDAQ: LULU). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether lululemon and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On September 3, 2026, lululemon reported its financial results for the second quarter of fiscal year 2026. Among other items, lululemon reported lower-than-expected revenue and sharply lowered its full-year revenue and earnings guidance. The Company's management attributed its disappointing quarterly results to negative media and social-media commentary, softer-than-planned new-product launches, and weaker store traffic.
On this news, lululemon's stock price fell $21.16 per share, or 17.38%, to close at $100.61 per share on September 4, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Howard Hughes Holdings koupila pojišťovnu Vantage za 2,1 miliardy USD a během pěti let do ní plánuje vložit 2,5 až 3 miliardy USD volných peněžních toků.
Ever since Warren Buffett built Berkshire Hathaway around ownership of insurance companies, many have attempted to copy his approach. Unlike traditional insurance stocks, which seek to profit by investing insurance premiums in fixed-income instruments such as bonds, Buffett's approach entails investing float in stocks to generate superior long-term returns.
Investor Bill Ackman, through Howard Hughes Holdings (HHH +2.37%), or HHH for short, is the latest Wall Street titan to try to emulate this strategy. Not only that, but Ackman appears to be aiming to mimic the approach of another famed investment holding company.
Pershing Square Capital Management CEO Bill Ackman. Image source: Getty Images.
Howard Hughes Holdings was formed in 2010, when then-bankrupt General Growth Properties spun off its real estate development business. Known for master-planned community developments like Summerlin, located outside Las Vegas, the company has slowly shifted its focus since Bill Ackman's involvement began in the late 2010s. First, by spinning off non-core real estate and other assets as Seaport Entertainment in 2024.
HHH Howard Hughes$69.91+$1.62 (+2.37%)
NYSE · As of 4:00 PM ET 10/15/26
Then, in 2025, Pershing Square invested another $900 million in HHH, raising the fund's stake to 47%. Still working slowly, Ackman has only recently revealed his "master plan" for the master-planned communities company. In a recent interview with Bloomberg, Ackman discussed plans to transform HHH into both a Berkshire-style insurance holding company and an asset manager akin to Brookfield and Blackstone.
First, in a Berkshire-esque move, HHH acquired Vantage for $2.1 billion. Vantage's book value of around $1.8 billion represents much of this valuation. Alongside the purchase price of Vantage, Howard Hughes Holdings plans to invest between $2.5 billion and $3 billion of its excess free cash flow into the insurance unit over the next five years. HHH's goal is to have most of Vantage's excess capital invested in stocks. Ackman's Pershing Square will also manage Vantage's portfolio for free.
Second, alongside the Buffett insurance gambit, Ackman also seeks to juice up Howard Hughes' returns from real estate investments by taking on third-party investors and charging them management fees similar to those that Brookfield and Blackstone charge for their respective real estate investment management subsidiaries.
Is Howard Hughes Holdings a buy? Howard Hughes Holdings shares surged around the time of Ackman's "Berkshire and Brookfield" remarks, but have since pulled back into the high-$60s per share, around the stock's book value of $66.95 per share. Yet while the stock may appear to have minimal downside at this price level, keep in mind that only time will tell whether Ackman's big plans pan out.
For one, it takes years, if not decades, to determine success in this area. Some insurers taking a Berkshire-style approach, like Markel Group, have beaten the market over a multidecade time frame; others, like Greenlight Capital, have lost money for investors.
In fact, Greenlight Capital, with excess funds managed by hedge fund billionaire David Einhorn, sounds very similar to what Ackman has in store for Howard Hughes Holdings. That's not to say a similar outcome is bound to happen, but consider this food for thought before investing just on the headlines alone.
Instead, consider waiting until some of the excitement surrounding Ackman's plans has simmered down. In the past, Howard Hughes Holdings has traded well below book value, and a similar situation could emerge again in the near term.
Thomas Niel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway, Blackstone, Brookfield Corporation, Howard Hughes, Markel Group, and Seaport Entertainment Group. The Motley Fool has a disclosure policy.
KB Home otevřela rezidenční projekt Sebastian Oaks v St. Augustine na Floridě; rodinné domy s až pěti ložnicemi začínají v nižší cenové hladině 300 000 USD.
New community near area beaches and top-rated schools is now open for tours.
, /PRNewswire/ -- KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced the opening of Sebastian Oaks, a new-home community in St. Augustine, Florida.
Sebastian Oaks at a Glance:
Sebastian Oaks model home
Price: From the low $300,000s
Location: St. Augustine, Florida, at the corner of Lewis Speedway and Mose Bluff Avenue near U.S. Highway 1
Home type: One- and two-story single-family floor plans
Bedrooms/baths: Up to 5 bedrooms and 3 baths
School district: St. Johns County School District
Sebastian Oaks is located at the corner of Lewis Speedway and Mose Bluff Avenue. The community provides easy access to U.S. Highway 1 and Interstate 95 and is just 5 miles from Vilano Beach. Residents will enjoy the proximity to downtown St. Augustine, Flagler Hospital, Matanzas River and St. Augustine Premium Outlets®. Sebastian Oaks is also a natural gas community and has no CDD fees.
The homes at Sebastian Oaks are designed for contemporary living, with modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and lofts. Homebuyers can personalize their new home, from floor plan and exterior style to where they live in the community, and then bring their vision to life at the KB Home Design Studio, where they can select from a wide range of interior design choices that fit their style and budget.
"We are excited to introduce North Florida homebuyers to beautiful new homes in a highly desirable location convenient to downtown St. Augustine and just minutes to area beaches," said Todd Holder, President of KB Home's Jacksonville division. "At KB Home, we focus on creating value through competitive, transparent pricing and giving buyers the ability to personalize their home based on what matters most to them. We put them in control, so they're not paying for features they don't value or compromising on ones they do."
KB homes are engineered to be highly energy and water efficient and include features that support healthier indoor environments. They are designed to be ENERGY STAR® certified, a standard that fewer than 12% of new homes nationwide meet, offering greater comfort, well-being and utility cost savings compared to new homes without certification.
The Sebastian Oaks sales office and model homes are now open for walk-in visits and private in-person tours by appointment. Live video tours are also available. For more information on KB Home, call 888-KB-HOMES or visit kbhome.com.
About KB Home
KB Home is one of the largest and most trusted homebuilders in the U.S. We operate in 50 markets, have built over 700,000 quality homes in our nearly 70-year history, and are honored to be one of the top customer-ranked national homebuilders based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com.
For Further Information:
Cara Kane, KB Home
321-299-6844
[email protected]
Proti společnosti AST SpaceMobile byla podána hromadná žaloba kvůli údajným zavádějícím informacím o financování, konkurenci a pomalém přijímání služby uživateli; akcie po oznámení nabídky konvertibilních dluhopisů 15. července 2026 následující den klesly o 17,04 %.
, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against AST SpaceMobile, Inc. ("AST" or the "Company") (NASDAQ: ASTS) and certain officers. The class action, filed in the United States District Court for the Western District of Texas, Midland-Odessa Division, and docketed under 26-cv-00378, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired AST securities between March 4, 2025 and July 15, 2026, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are an investor who purchased or otherwise acquired AST securities during the Class Period, you have until November 13, 2026 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
[Click here for information about joining the class action]
AST, together with its subsidiaries, designs and develops the constellation of BlueBird satellites in the United States ("U.S."). The Company provides a cellular broadband network in space for direct access by smartphones for commercial use and other applications, as well as for government use. In addition, its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage.
At all relevant times, Defendants touted AST's purportedly unique competitive advantages and leadership position in the satellite direct-to-cellular ("D2C") market. In particular, throughout the Class Period, Defendants touted AST's business and financial prospects as purportedly the only established space-based cellular broadband network for mobile phones.
Defendants' assurances regarding AST's purportedly durable competitive position in the satellite D2C market came into question in September 2025, when American telecommunications company EchoStar Corporation ("EchoStar") announced that it had entered into a definitive agreement with SpaceX, an American aerospace manufacturer and space transportation company, to sell its AWS-4 and H-block spectrum licenses (the "EchoStar Transaction"). In connection with the EchoStar Transaction, SpaceX and EchoStar agreed to enter into a long-term commercial agreement, enabling EchoStar's Boost Mobile subscribers—through its cloud-native 5G core—to access SpaceX's next generation D2C service provided by its telecommunications subsidiary Starlink Services, LLC ("Starlink").
SpaceX commands a dominant position in the global aerospace and orbital launch industry, with the ability to produce and launch numerous satellites at scale. Its subsidiary Starlink provides a broadband internet satellite constellation that accounts for roughly 54% of all active satellites in Earth's orbit, with approximately 9,821 Starlink satellites currently active in low Earth orbit. Viewed in combination with its considerable resources, SpaceX's entry into the satellite D2C market was potentially a threat to AST's commercial aspirations.
Following the EchoStar Transaction, however, Defendants continued to assure investors and the market that AST remained in a competitive class of its own, with the Company poised to realize significant revenues and profits in the near-term. Likewise, Defendants continuously represented that AST's capital and liquidity position was sufficient to meet its strategic and business goals at all relevant times, notwithstanding the heightened competitive pressures it faced following the EchoStar Transaction.
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) AST's increasing capital requirements were likely to increase the Company's debt load and share dilution with greater frequency and at greater scale than Defendants had signaled to investors; (ii) accordingly, Defendants had overstated the sufficiency of AST's capital and liquidity position to achieve its strategic and business goals; (iii) Defendants likewise overstated the durability of AST's competitive position in the satellite D2C market; (iv) even following the EchoStar Transaction, Defendants continued overstating AST's competitive position in the satellite D2C market; (v) AST was experiencing slow user adoption in the U.S. and Japan; (vi) the foregoing was likely to have a significant negative impact on the Company's business and financial prospects; and (vii) as a result, Defendants' public statements were materially false and misleading at all relevant times.
The truth began to emerge on September 8, 2025, when UBS issued a report downgrading AST to a "Neutral" from "Buy" recommendation, as well as cutting its price target on the Company to $43.00 from $62.00, mainly citing heightened competitive pressures related to the EchoStar Transaction, which "fortifies [Starlink's] position in the space to cellular market and increases risk for AST[] as it drives utilization on its nascent constellation[.]"
Following the release of UBS's report, AST's Class A common stock price fell $3.86 per share, or 9.47%, to close at $36.91 per share on September 9, 2025.
On October 21, 2025, AST issued a press release "announc[ing] its intent to offer . . . $850.0 million aggregate principal amount of convertible senior notes due 2036 (the 'Notes') in a private offering", and that it "intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150.0 million aggregate principal amount of Notes." The press release disclosed that AST would use the proceeds from this offering "for general corporate purposes, including without limitation funding the deployment of AST SpaceMobile's worldwide constellation of satellites in anticipation of adding incremental strategic markets for its SpaceMobile Service." (Emphasis added.)
Later the same day, AST issued another press release "announc[ing] the pricing of $1.0 billion aggregate principal amount of convertible senior notes due 2036 (the 'Notes') in a private offering", noting that "[t]he size of the offering has been increased from the previously announced $850.0 million principal amount of Notes", while reiterating the same intended use for the net proceeds from the offering.
Following these disclosures, AST's Class A common stock price fell $7.26 per share, or 9.24%, to close at $71.35 per share on October 22, 2025.
On January 6, 2026, Scotiabank issued a report downgrading AST to a "Sell" recommendation, as well as its rating to "Sector Underperform" from "Sector Perform", citing, inter alia, significant competition from Starlink and "[e]vidence of slow user adoption in the U.S. and Japan[.]"
Following the release of Scotiabank's report, AST's Class A common stock price fell $11.76 per share, or 12.06%, to close at $85.73 per share on January 7, 2026.
On February 11, 2026, AST issued a press release "announc[ing] its intent to offer . . . $1.0 billion aggregate principal amount of convertible senior notes due 2036 (the 'Notes') in a private offering", and that it "intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150.0 million aggregate principal amount of Notes." The press release disclosed that AST intended to use the proceeds from the offering "for general corporate purposes, including without limitation, accelerating the deployment of our controlled spectrum bands on a global basis, monetizing the capabilities of our proprietary technology to capture the evolving commercial opportunities related to artificial intelligence, enhancing investment in government space opportunities in the U.S., reducing higher interest debt, and pursuing opportunistic investments to accelerate our SpaceMobile Service and capabilities." (Emphasis added.)
The next day, AST issued another press release announcing the pricing of the foregoing offering at "an initial conversion price of approximately $116.30 per share of AST SpaceMobile's Class A common stock, which represents a premium of approximately 20% to the last reported sale price of AST SpaceMobile's Class A common stock on February 11, 2026."
Following these disclosures, AST's Class A common stock price fell $14.70 per share, or 15.17%, to close at $82.22 per share on February 12, 2026.
Then, on July 15, 2026, AST issued a press release "announc[ing] its intent to offer" yet another "$1.0 billion aggregate principal amount of convertible senior notes due 2034 (the 'Notes') in a private offering", and that it "intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150 million aggregate principal amount of Notes." The press release disclosed that AST intended to use the proceeds from the offering to, inter alia, "pursue an expanding universe of growth initiatives and secure additional access to orbit for its space-based cellular broadband network, including partnerships and/or acquisitions to further vertically integrate its business and mitigate risks associated with third-party launch providers." (Emphasis added.) The press release further disclosed that the Company "currently does not have any understandings or agreements with respect to any such strategic transactions." (Emphasis added.)
Later the same day, AST issued another press release announcing the pricing of the foregoing offering. Specifically, "$1.0 billion 1.625% convertible senior notes due 2034 . . . [at] an initial conversion price of approximately $79.57 per share of AST SpaceMobile's Class A common stock, which represents a premium of approximately 20.0% over the last reported sale price of AST SpaceMobile's Class A common stock on July 15, 2026", as well as "[c]apped call transactions . . . [at] an initial cap price of $149.20 per share of AST SpaceMobile's Class A common stock, which represents a premium of 125.0% over the last reported sale price of AST SpaceMobile's Class A common stock on July 15, 2026."
Following the foregoing disclosures, AST's Class A common stock price fell $11.30 per share, or 17.04%, to close at $55.01 per share on July 16, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Výnos do splatnosti dluhopisů CoreWeave se splatností v roce 2032 vzrostl na rekordních zhruba 14,5 %, zatímco firma má dluh ve výši 35,6 mld. USD a ve druhém čtvrtletí vykázala provozní ztrátu 49 mil. USD.
Lenders are getting nervous about CoreWeave (CRWV +5.94%), a cloud company that rents out artificial intelligence (AI) chips made by Nvidia (NVDA -1.84%). In June, CoreWeave sold $1.25 billion in unsecured notes due 2032 at face value, with a 9.625% coupon. On Tuesday, Oct. 13, the yield on these notes reportedly reached almost 15% before ending at a record of around 14.5%.
A bond's yield climbs when the price drops. Put another way, bond buyers now want much more to lend to CoreWeave than they did four months ago.
The stock followed on Wednesday. CoreWeave shares dropped about 15% as of this writing, and Nvidia, which is both CoreWeave's chip supplier and one of its shareholders, fell about 3% to roughly $221.
Should Nvidia investors worry? I don't think so -- at least not about CoreWeave itself. What Nvidia directly has riding on CoreWeave turns out to be small next to what the chipmaker earns.
Image source: Nvidia.
CoreWeave's borrowing problemCoreWeave's trouble doesn't seem to be demand. Showing how quickly the business is still growing, CoreWeave's second-quarter revenue more than doubled year over year to around $2.6 billion. But the company lost $49 million on an operating basis, and its net interest expense of $640 million was more than twice what it was in the year-ago quarter. Its total debt was around $35.6 billion at midyear.
Simply put, CoreWeave is still borrowing to buy its chips, and it doesn't yet make enough from operations to pay its interest costs.
CRWV CoreWeave$69.69+$3.91 (+5.94%)
NASDAQ · As of 4:00 PM ET 10/15/26
How much does Nvidia have riding on CoreWeave?The most direct link is Nvidia's stake. Nvidia owned about 47.2 million CoreWeave shares on June 30, according to its latest holdings report. That position was worth about $4.7 billion then.
At Wednesday's price of around $66, it's worth more like $3.1 billion. And the roughly 23 million shares Nvidia bought in January, for $87.20 each, are off about 24%.
Nvidia also has a capacity deal with CoreWeave. In September 2025, the two companies signed an order with an initial value of $6.3 billion. Under it, Nvidia must buy any CoreWeave cloud capacity that CoreWeave's own customers don't use, through April 2032, subject to some conditions.
Of course, this backstop might cost Nvidia the most if CoreWeave's customers leave, which arguably isn't happening while revenue is doubling.
Nvidia's latest quarterly filing doesn't name CoreWeave at all. But it does show $36 billion in commitments under deals with AI cloud partners, usually six years long, and up to $3.5 billion in guarantees on some of those partners' data center leases. It also lists a maximum possible loss of $4.7 billion from certain stakes in infrastructure financiers (companies that help fund AI infrastructure).
Together, those items come to about $44 billion spread across several years -- and the filing doesn't say how much involves CoreWeave. (The filing's far bigger guarantee, up to $105 billion on data center leases linked to an OpenAI affiliate, is another matter.)
For context, Nvidia made $63.7 billion in operating income in its second quarter of fiscal 2027 alone (the three months ended July 26, 2026).
Nvidia can absorb a CoreWeave problemCoreWeave's purchases might be a small part of Nvidia's sales, too. CoreWeave spent around $14.1 billion on property and equipment in the first half of 2026, and not all of it went to Nvidia. In roughly the same period, Nvidia's revenue was around $178 billion.
Even if every dollar of CoreWeave's spending had gone to Nvidia, it'd be under 8% of Nvidia's sales.
Meanwhile, Nvidia's profits are still climbing quickly. Its operating income grew 124% year over year in fiscal Q2, and it was up around 19% from $53.5 billion in fiscal Q1.
NVDA Nvidia$217.23-$4.07 (-1.84%)
NASDAQ · As of 4:00 PM ET 10/15/26
Yes, the bigger risk isn't CoreWeave alone. If lenders pull back from every debt-funded AI cloud company at once, orders for Nvidia's chips might slow.
Yet the stock arguably already assumes some slowdown. Nvidia's price-to-earnings ratio is only around 14, using analysts' average earnings estimate for fiscal 2028 (Nvidia's next fiscal year). I think that's a low price for a company whose operating income just more than doubled.
In the end, CoreWeave's bond prices are a fair warning of how much of the AI build-out runs on debt. But Nvidia's own exposure to CoreWeave is small next to what the chipmaker earns in one quarter. I'd still buy Nvidia stock at this price, albeit in a size appropriate to the high-risk nature of a growth stock like this.
Pomerantz vyšetřuje SolarEdge kvůli možnému podvodu s cennými papíry poté, co výhled výnosů na 3. čtvrtletí ve výši 310–340 mil. USD zaostal za konsensem ve výši 371 mil. USD.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of SolarEdge Technologies, Inc. ("SolarEdge" or the "Company") (NASDAQ: SEDG). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether SolarEdge and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On August 5, 2026, SolarEdge reported its financial results for the second quarter of 2026. Among other items, SolarEdge forecasted Q3 2026 revenue in the range of $310 million to $340 million, well below the consensus analyst estimates of around $371 million.
On this news, SolarEdge's stock price fell $14.86 per share, or 30.48%, to close at $33.90 per share on August 5, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Micron (MU +1.87%) has been one of the biggest winners of the AI era.
Over the last year, the stock is up roughly 400%, and over the last three years, the stock has jumped 1,250%. Like other memory stocks, Micron has benefited from a shortage in memory chips, which has driven up prices and sent sector stocks soaring across the board. Among the winners are SK Hynix, Samsung, and Sandisk.
However, in recent months, some doubts have emerged about the memory boom. Micron stock peaked following its fiscal third-quarter earnings report and has struggled to return to that level, despite another blowout earnings report in September.
Micron's recent results are about as strong as any company in history. It just reported 379% revenue growth to $54.2 billion with an operating margin of 80.7%. Operating income jumped 1,100% to 43.8%.
Micron's operating income in its most recent quarter ranks above Apple, Alphabet, and Microsoft, and it's extraordinarily rare for any company to report an operating margin as high as 80%, meaning the company keeps four of every five dollars it earns in revenue, before interest and taxes. The spike in memory prices and surging demand are the primary reasons for those bumper results.
However, those numbers weren't enough to please investors, as the market is wary of the history of cyclicality in the memory sector, and they are betting that Micron's profits will come down significantly once the supply crunch eases.
The stock is now down 23% from its all-time high in June. Let's take a look at the stock's history to make an educated guess at what happens next.
Image source: Micron.
What history says about Micron In recent history, Micron has a strong track record at bouncing back from sell-offs like the current one. As you can see from the chart below, five times in the last decade, Micron has fallen by more than 23%, and each time the stock has recovered to an all-time high or near one.
MU data by YCharts
Looking at that chart, you can see that it sometimes takes Micron years to recover from 30%, 40%, or 50%, but it always does. That period includes multiple cycles in the memory sector, including 2022-2023, when Micron was losing billions of dollars a year due to a glut.
However, taking a longer view of history, the results are less encouraging.
MU data by YCharts
As you can see, the stock plunged following its peak during the dot-com boom, and didn't return to that level for another 20 years. For much of that time, Micron stock was down 80% or even 90% from its previous peak.
According to traditional valuation metrics, the stock wasn't even that expensive during its dot-com rally. Its price-to-sales ratio was about 8, near where it is today. Micron's price-to-earnings ratio was higher than it is today, and its EPS peaked shortly after the stock peaked, trending lower as the tech sector went bust.
MU Micron Technology$931.24+$17.11 (+1.87%)
NASDAQ · As of 4:00 PM ET 10/15/26
Is the past prologue? In investing, history can be informative, but it doesn't necessarily predict the future. Micron has gone through cycles before and seen prices fluctuate wildly, but some things are different now.
First, the company has locked in a significant percentage of its revenue through 2030 with strategic customer agreements, which should help buffer the downturn in the cycle when it comes.
Second, the AI boom still appears to be in its early stages. Future products like robotics will demand memory chips, and that, along with the growth of data centers, means that unit demand for memory has been forever changed. While prices will fluctuate, AI represents a sea change for the industry, which likely means the business won't return to pre-AI levels.
Third, Micron is betting on itself by investing $100 billion in a new megafab complex in upstate New York, which will be the largest chip manufacturing facility in the U.S. With supply constrained for at least the next couple of years, the new facility will put Micron in position to compete for growing memory demand as its competitors add capacity as well.
Micron has never grown this fast before or been this profitable, and the stock is also cheap at a forward P/E of less than 6. History won't tell us the shape of this cycle, though we know that Micron's prices and margins will eventually come down. Still, its strategic customer agreements and the growth of AI will support the long-term success of the business.
As Micron has done every time in the last decade, I expect it to recover from the current drawdown.
Společnost ServiceNow představila EmployeeWorks poháněný třetí generací AI platformy zaměřené na zaměstnance, která zaměstnancům umožňuje vytvářet AI agenty bez kódování; nové nástroje jsou nyní omezeně dostupné.
SANTA CLARA, Calif.--(BUSINESS WIRE)--ServiceNow (NYSE: NOW), the Super Intelligence Control Tower for business reinvention, today announced major advances to ServiceNow EmployeeWorks that give employees the ability to build the AI agents their jobs demand. These agents can complete daily tasks without human intervention and enable deep persona-based work across critical business functions. Additionally, ToolSmith, a new agentic developer environment for ServiceNow EmployeeWorks, takes complex tool-building from days to minutes, securely and at enterprise scale.
ServiceNow EmployeeWorks is powered by a third-generation employee-centric AI harness, which provides employees with intelligent context, trusted decision making, and robust enterprise actions to orchestrate AI safely.
Employees build AI without code, powered by an employee-centric AI harness
While enterprise AI investment is rising, most employees still can't build the AI their job needs. IT backlogs, developer constraints, vendor lock-in, and fragmented tools mean that the people closest to the work—the ones who understand the problems best—can’t build AI solutions that take secure actions. ServiceNow EmployeeWorks helps change that.
"AI's real promise is to close the gap between intention and action,” said Jacqui Canney, chief people and AI enablement officer, ServiceNow. “This era demands that business leaders redesign work around their customers’ needs. When your technology supports that goal, your employees spend less time on coordination and more time solving customer problems that require human judgement. ServiceNow EmployeeWorks makes that shift possible."
“ServiceNow combines agentic planning with governed and auditable workflows for any employee use case with intelligent employee context as the foundation,” said Bhavin Shah, senior vice president, employee experience group, ServiceNow. “The result is an operating system for the employee experience, connecting employees to the full power of the ServiceNow AI platform across any business application or channel, in any language, which can be ready for the enterprise on day one.”
Productivity Assistants: AI assistants for contextual persona-based work
Productivity Assistants are specialized AI assistants for contextual, nuanced, or persona-based work. These assistants run on the third-generation employee-centric AI harness, which combines reasoning, memory, and tool interoperability, so assistants can own deep research, long-running tasks, and cross-system and agent work with durable memory.
Non-coding employees can easily build the Productivity Assistants they need with admin-defined guardrails. They can tailor behavior, content, tools, and access. Pre-built assistants are also available.
HR Service Delivery: Productivity Assistants will be available for different ServiceNow products, starting with HR Service Delivery, extending service directly to managers for HR, talent, growth, and hiring.
Talent Insights Assistant surfaces candidate fit, hiring, and organizational talent insights directly to managers, powered by integrations with Findem and Phenom. HR Business Partner Assistant handles HR needs, including approvals, case management, and employee programs, conversationally. HRBP Assistant acts as a digital twin to help scale HR teams. Manager Assistant equips managers with timely coaching, insights, and team-performance visibility, unlocking information and capabilities that normally sit behind HR people and process. ServiceNow EmployeeWorks: Two foundational productivity assistants are available out of the box, with the option to build more.
Research Assistant investigates complex questions across internal and external sources in real time, delivering personalized answers based on role and access through a rich artifact, document, or deck. Calendaring Assistant integrates directly with calendar systems, serving as a smart scheduler that can decipher complex calendars, resolve conflicts, reserve rooms, add conferencing links, and more. It goes beyond typical calendar booking solutions by orchestrating nuanced requests like scheduling quarterly one-on-ones with an entire team on days that minimize disruption to project work or finding the least hectic day to bring together a team for a full day workshop. Productivity Routines: Employees build their own agents for proactive work
For work that's predictable and repeatable, employees can now build and deploy Productivity Routines that run proactively in the background, helping eliminate the need to manually repeat the same tasks continuously. They execute the same steps every time and deliver finished outcomes without human intervention.
For example, a sales leader can build a Prospecting Agent that can scan their calendar for upcoming account meetings, research the account via internal and external resources, and assemble a tailored asset or pitch that marries the company’s value props to the problems and pains experienced by the prospect – all before they sign on for the day.
Employees don't need to understand backend systems, API integrations, or data models. They describe what they want to automate, select the tools they need, and deploy. This democratizes AI, shifting the power to automate from IT and into the hands of the people who understand the work best, with governance built in.
ToolSmith: Developers vibe code enterprise-grade AI tools in minutes
ToolSmith is a new agentic developer environment that builds any automation for ServiceNow EmployeeWorks AI assistants. Developers describe what they want to accomplish in natural language, and ToolSmith handles the end-to-end build of the tool. ToolSmith is trained on over 75,000 APIs. It aligns on a plan with developers, implements integrations following the best practices, and builds tools for AI agents that are optimized for token efficiency and reliability. If something breaks, it can pull the relevant logs and propose a fix. Developers can then test and refine all through the same conversational experience.
ToolSmith also identifies what to build next. It scans through logs to identify opportunities to fix, improve, or invent the next best workflow. What used to take weeks, now takes minutes.
Conversations API: ServiceNow EmployeeWorks everywhere employees work
With the new Conversations API, organizations can bring ServiceNow EmployeeWorks capabilities – including Productivity Assistants, Productivity Routines, and ToolSmith - directly into the tools employees already use, including custom internal applications, kiosks, and other AI applications.
One unified platform, available across every channel, with no rearchitecting required.
What customers and partners are saying:
Salvation Army Australia
"For an organisation built on human connection, our frontline workers shouldn’t be navigating fragmented systems," said Milad Kruze, chief information officer for The Salvation Army Australia. "We wanted a solution woven into the ecosystems we already use, and the ServiceNow AI Platform was already part of our digital spine. Now our AI specialist, ‘Goldie,’ resolves nine out of ten questions without escalation and has given more than 5,000 hours back to our people."
INRY, a Cprime Company
"Replacing a legacy portal with one conversational front door completely changed how our people get work done day to day," said Matt Robinett, vice president and ServiceNow practice lead at INRY, a Cprime Company. "ServiceNow EmployeeWorks cut our internal request submission times by 60% and gave us a 97% completion rate, all while eliminating the need to switch between applications entirely. As both a ServiceNow customer and a partner, we're looking forward to using these new tools to extend that same impact even further across our organization and to our clients.”
Availability:
Productivity Assistants, Productivity Routines, the employee-centric harness, ToolSmith and Conversations API are all in controlled availability today.
Additional Information:
Learn more about ToolSmith and other ServiceNow developer tools at now[dev]26 from November 4-5. Craft real solutions alongside the engineers and product experts who built the platform.
About ServiceNow
ServiceNow (NYSE: NOW) is the Super Intelligence Control Tower for business reinvention. The ServiceNow platform integrates with any model, any cloud, and any data source to orchestrate, govern, and secure work across the agentic enterprise. ServiceNow gives customers the enterprise context and control to build and scale confidently. With more than 100 billion workflows running on the platform each year, ServiceNow helps organizations turn fragmented operations into coordinated, autonomous work for IT, CRM, Security, Employee Experience, and more. Learn how ServiceNow puts AI to work for people at www.servicenow.com.
Forward Looking Statements
This press release contains “forward-looking statements” about the expectations, beliefs, plans, and intentions relating to ServiceNow EmployeeWorks and related offerings and capabilities. Such statements include statements regarding future product capabilities and offerings and expected benefits to ServiceNow. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, ServiceNow’s results could differ materially from the results expressed or implied by the forward-looking statements made. ServiceNow undertakes no obligation, and does not intend to update the forward-looking statements. Factors that may cause actual results to differ materially from those in any forward-looking statements include: (i) delays and unexpected difficulties and expenses in executing the product capabilities and offerings, (ii) changes in the regulatory landscape related to AI and (iii) uncertainty as to whether sales will justify the investments in the product capabilities and offerings. Further information on factors that could affect ServiceNow’s financial and other results is included in the filings ServiceNow makes with the Securities and Exchange Commission from time to time.
US conglomerate 3M (MMM.N) plans to argue a landmark case brought by Australia over contamination from the company's use of PFAS "forever chemicals" in its firefighting foam is legally flawed, a court heard on Friday.
The claim against the Minnesota-based chemicals maker and its local unit is the largest ever brought by Australia, and seeks more than A$2 billion ($1.38 billion) in damages for past and future costs of contamination across 28 military bases where 3M's products were used.
Australia's case is that 3M knew or ought to have known the foam it made and supplied could damage the environment and harm people, but it failed to warn the government.
The foam's pollution interfered with people's ability to use and enjoy the water and land around the bases, creating what the government says amounted to a "public nuisance" under Australian law for which 3M should pay compensation.
"On Australian authority, the pleaded case does not comprise public nuisance," 3M's barrister Philip Solomon said at the first case management hearing for the lawsuit on Friday.
"The allegation against us alleged that we, the respondents, had the means to abate the nuisance, that we caused the nuisance, that were responsible for the particular or the special loss associated with the nuisance, and that in a broad sense, we had the ability to control the discharge of the nuisance," he added.
"We will in a number of pages set out why public nuisance as pleaded is not available."
In its defence, expected to be filed on December 11, 3M also plans to question whether another part of Australia's case — that the company breached consumer protection laws by making misleading claims about the foam's features and safety — was time-barred because the alleged conduct occurred decades ago, Solomon said.
PFAS are a group of manufactured chemicals that are widely used in products resistant to heat, stains, grease and water.
Research has linked exposure to PFAS to health issues including liver damage, lower birth weight and testicular cancer.
3M, which has faced thousands of lawsuits over alleged PFAS contamination, sold the firefighting foam in Australia from 1966 to 2003.
Australia has spent A$1.3 billion in dealing with the impacts of the contamination on the bases, including paying A$408 million in legal settlements to affected communities.
The defence department has also treated or removed more than 200,000 metric tons of contaminated soil and treated more than 13 billion litres of water.
LOS ANGELES, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, is pleased to announce that the company has reached a historic agreement with the International Brotherhood of the Teamsters Locals 630 and 848, representing warehouse colleagues and delivery partners, respectively.
We recognize the disruption this situation has caused customers, colleagues and communities throughout the Los Angeles area, and we sincerely appreciate everyone’s patience and partnership.
“This agreement represents an important step toward restoring normal operations while preserving our ability to provide the dependable, responsive service our customers expect,” said Ron Phillips, Sysco’s Chief Human Resources Officer. “Throughout this process, we remained focused on reaching a resolution that supports our colleagues without accepting terms that could negatively affect customer service or contribute to avoidable operational disruptions in the future.”
While this strike was not about wages, economics or other working conditions, Sysco Los Angeles remains committed to providing colleagues with a great professional environment with opportunities for long-term growth and we hope to have more constructive engagements with the union going forward.
About Sysco
Sysco is the global leader in selling, marketing and distributing food and related products to customers who prepare meals away from home. This includes restaurants, healthcare and educational facilities, lodging establishments, entertainment venues, and more. Sysco operates 339 distribution centers, in 10 countries, with 75,000 colleagues serving approximately 730,000 customer locations. The company generated sales of more than $81 billion in fiscal year 2025 that ended June 28, 2025.
As the world’s largest food-away-from-home distributor, Sysco offers customized supply chain solutions, bespoke specialty product offerings, and culinary support to drive customers to innovate and optimize their operations. We act as a trusted business partner to our customers, helping them grow through our industry-leading portfolio that includes fresh produce, premium proteins, specialty products, sustainably focused items, equipment and supplies, and innovative culinary solutions.
For more information, visit www.sysco.com. For important news and key information for Sysco investors, visit the Investor Relations section of the company’s website at investors.sysco.com.
Akcie společnosti Cleanaway Waste Management během dne klesly o více než 4 % na 2,53 USD před pondělním termínem exkluzivní hloubkové prověrky EQT na převzetí společnosti za 3,13 USD za akcii.
Cleanaway Waste Management (ASX:CWY) shares fell more than 4% to $2.53 as the deadline approaches to finalise a proposed $9.4 billion takeover by Swedish investment group EQT.
The companies recently extended exclusive due diligence until 7am on Monday while progressing negotiations on an implementation deed for EQT’s $3.13-a-share proposal.
The latest share price sits around 19% below the proposed offer, reflecting investor uncertainty over whether the transaction will proceed.
Valuation under scrutiny
The bid comes after five years of broadly sideways share price performance, with Cleanaway trailing the wider market as labour costs, inflation and the expense of waste management have weighed on the business.
While a takeover would offer shareholders a premium to the current trading price, some commentary has questioned whether the proposal adequately values Australia’s largest waste management company.
Writing in The Australian, commentator Robert Gottliebsen argued that EQT’s offer falls below the underlying value of Cleanaway’s core operations.
He pointed to US waste disposal infrastructure businesses trading at around 14 times earnings before interest, tax, depreciation and amortisation.
Applying that multiple, Gottliebsen estimated Cleanaway could be worth about $12 billion, or roughly $4 a share, above EQT’s proposed offer.
Advokátní kancelář Rosen Law Firm vyšetřuje možné nároky akcionářů společnosti The Cooper Companies kvůli údajným zavádějícím informacím. Akcie COO 10. září 2026 po zveřejnění slabého výhledu klesly o 14,6 %.
New York, New York--(Newsfile Corp. - October 15, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of The Cooper Companies, Inc. (NASDAQ: COO) resulting from allegations that CooperCompanies may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased CooperCompanies securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/cases/the-cooper-companies-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
WHAT IS THIS ABOUT: On September 10, 2026, The Motley Fool published an article entitled "Why is Cooper Companies Stock Down 15% Today?". The article stated that Cooper Companies stock fell "after the company's earnings report disappointed Wall Street with weak guidance and a decision to not sell Cooper Surgical."
On this news, Cooper Companies' stock fell 14.6% on September 10, 2026.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319224
Source: The Rosen Law Firm PA
Ready to Announce with Confidence?
Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
SpaceX ve 2. čtvrtletí zvýšila tržby o 92 % na 7,8 mld. USD, ale vykázala čistou ztrátu 541 mil. USD při kapitálových výdajích přes 28 mld. USD za první pololetí.
Space Exploration Technologies (SPCX -2.33%) has proven itself to be the most prolific launcher of rockets in the world. Recently, the company launched three rockets in under 13 hours. The excitement of the feat helped the stock pop about 7% immediately following. Price volatility like this is normal for Elon Musk's space stock, but the cadence of launches is not really what investors should be watching. Instead, the company's ability to generate positive free cash flow one day is what I'm looking for.
SPCX Space Exploration Technologies$148.62-$3.54 (-2.33%)
NASDAQ · As of 4:00 PM ET 10/15/26
When SpaceX reported its second-quarter earnings, revenue jumped 92% to $7.8 billion, but the net loss of $541 million overshadowed it. That's an improvement over the $1 billion loss in the same quarter last year, but there's still a long way to go, and spending isn't slowing. Through the first half of 2026, SpaceX reported $4.6 billion in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), but total capital expenditures exceeded $28 billion.
Yes, the IPO bought SpaceX some time, but at some point, Musk's company will have to reckon with the facts that spending on artificial intelligence has ballooned while revenue hasn't kept pace, and the launches aren't close to profitability. Right now, SpaceX has about $98 billion in cash and marketable securities. That's an impressive amount, but when you're spending close to $30 billion in just six months, the shortened runway scares me more than a flight to the moon.
Image source: Getty Images.
SpaceX is trading around $157 at the time of writing, valuing the company at approximately $2 trillion. Of course, SpaceX needs to spend more to make more, but at this price, there's simply no room for error, and if the company's free cash flow becomes increasingly negative, I'm not sure how long the valuation can be justified.
Three launches in 13 hours is an incredible feat, but it doesn't change the fact that a $2 trillion market cap is light-years ahead of SpaceX's fundamentals.
Catie Hogan 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.
Tomorrow's a big day for Apple (AAPL -0.28%) and for its legion of fans. The iPhone Duo, the company's first foldable phone, goes on sale at 8 AM ET/5 AM PT.
In its press release, Apple lists several "ways to save and pay, including leasing with Apple Upgrade, financing options, and carrier deals," a clear nod to the fact that not everyone will be able to pay the device's eye-popping $1,999 starting sticker price up front.
So, is the Duo likely to be a game changer for Apple? Here's what investors should expect from the hottest new device in Apple's product lineup.
Image source: The Motley Fool.
Why Apple might want to steal its own customersGiven the Duo's extremely high price point, it probably won't be that appealing to Android users looking to try out an iPhone for the first time. $2,000 is a hefty risk to take on a product you might not end up liking.
Plus, Android users already have foldable phone options in the Google Pixel 10 Pro Fold and the Samsung Galaxy Z Fold 8, both of which have received generally positive reviews. The biggest drawback for each also seems to be the pricing, at $1,799 for the Pixel and $1,899 for the Galaxy.
Because the Duo can essentially function both as a phone with a 5.4" screen and as a small tablet with a 7.6" screen, it seems more likely to appeal to Apple users who would otherwise buy an iPhone 18 Pro, iPhone Air, or iPhone 18 Pro Max, which have screen sizes of 6.3", 6.5", and 6.9", respectively.
That's not a bad thing, though. The aforementioned products start at $1,099, $1,199, and $1,299, respectively, so upgrading a customer from any of those products to the $1,999 Duo would bring in 54% to 82% more revenue for Apple. Notably, it even brings in more revenue than a purchase of a non-Duo iPhone and a $699 iPad Mini with its 8.3" screen.
How much revenue could Apple bring in from the Duo?Estimates vary as to how much the Duo's release could affect Apple's top line. Counterpoint Research anticipates 6 million Duo sales during 2026, while research firm IDC forecasts 10 million sales in the first 12 months.
Even if Apple could exceed those projections and sell about 5 million Duos per quarter at the starting price for a year, that would translate to $40 billion in annual revenue, just under 10% of Apple's 2025 revenue of $416.2 billion. Since most of those sales would likely come from existing Apple customers, it looks more like a nice boost to revenue than a "game changer."
However, the real game changer for Apple could be over the long term, as the Duo augments Apple's other upcoming new product, the HomeView.
AAPL Apple$342.00-$0.96 (-0.28%)
NASDAQ · As of 4:00 PM ET 10/15/26
Apple is making a serious play for the connected homeApple has long ceded the connected home market to rivals Amazon (AMZN +0.27%) and Alphabet's (GOOG +0.37%) (GOOGL +0.45%) Google. With no Apple options available, many longtime iPhone users set up Nest thermostats and Ring doorbells. Millions more opted for inexpensive Echo smart speakers over Apple's pricey $349 HomePod.
But starting on Nov. 13, Apple's HomeView smart device goes on sale. Consisting of a countertop or wall-mounted 7" Liquid Retina display powered by Siri AI, the $299 device will become the cheapest current-generation screen-based product Apple sells. It will use facial recognition to interface with compatible Apple Intelligence-enabled iPhones and iPads, offering up to 6 iPhone users personalized profiles and content.
With the launch of the $149 HomePod mini 2 on Oct. 30, it looks as though Apple is finally making a compelling case for household adoption and ecosystem streamlining. Having an Apple ecosystem in your home could, in turn, provide a powerful incentive for consumers to stick with iPhones and other Apple Intelligence-enabled devices like the Duo over competitors' products.
Image source: Getty Images.
What investors should look forWith Apple's market cap surpassing $5 trillion yesterday, investors should be looking for more than just a sold-out first run of a pricey, highly anticipated device.
Instead, investors should be looking for evidence that the Duo is in fact enticing Android users to switch and iPhone users to trade up. Evidence of gradual but sustained growth across the company's connected home products would also demonstrate that Apple's premium pricing strategy is working.
That said, rave Duo reviews and news of brisk sales would likely boost Apple's stock in the short run.
Microsoft AI CEO Mustafa Suleyman told employees an in-house model was better than a similar offering from OpenAI, one of the software giant's biggest customers and partners.
"We now have a stronger pre-trained base model than the model that currently powers GPT 5.6 Sol," Suleyman said during a town hall meeting with employees on Thursday. "And in fact, we used one-quarter of the compute that OpenAI used to train their model."
Pre-training is the first stage of building an AI model, when it learns patterns from huge amounts of text, images, and other information. This takes massive amounts of expensive computing power, so Microsoft could save money if it's worked out a way to do this more efficiently.
Microsoft announced the model, MAI-Base-2, earlier on Thursday.
Suleyman said Microsoft privately tested this model against OpenAI models, including one nicknamed "Spud" that powers GPT-5.6. He added that Microsoft's model performed better on tests measuring how well AI can understand and predict patterns in information.
The comparisons are based on technical information Microsoft has about OpenAI's models, Suleyman said.
"Privately and confidentially, we've also compared it to the OpenAI models," Suleyman told employees, while suggesting that Microsoft has special access to information on how OpenAI models perform.
It's notable that Suleyman would choose to highlight limitations of OpenAI models, even in private discussions. Microsoft has invested billions of dollars in OpenAI, and owns a stake in the startup that is likely worth more than $100 billion. Any criticism of OpenAI could potentially dent the value of this huge investment.
The two companies also have a major partnership, with Microsoft offering OpenAI models to its Azure cloud customers. Microsoft has used OpenAI models for its own products such as Copilot, too.
But the relationship between the two companies has frayed in the past year or so. Increasingly, Microsoft has tried to branch out from OpenAI, including by working on its own models.
Suleyman also said Microsoft's new AI model used "12 times less computation than was used for DeepSeek, for example, on compute efficiency."
Suleyman didn't specify which DeepSeek model, but a public blog post described the pre-training of MAI-Base-2 being a lot more efficient than a similar offering from the Chinese lab, called DeepSeek-V4-Pro-Base.
Microsoft in March created a new combined team for its commercial and consumer Copilot products and reassigned Suleyman to focus on building AI models in the company's superintelligence unit.
Microsoft declined to comment and OpenAI did not respond to a request for comment on Thursday.
Have a tip? Contact this reporter via email at [email protected] or Signal at +1-425-344-8242. Use a personal email address and a nonwork device; here's our guide to sharing information securely.
Read next
Business Insider tells the innovative stories you want to know
Business Insider tells the innovative stories you want to know
Business Insider tells the innovative stories you want to know
Business Insider tells the innovative stories you want to know
Ashley Stewart
You're currently following this author!
Click to unsubscribe from email alerts.
American Tower má 27. října 2026 zveřejnit výsledky; analytici očekávají EPS ve výši 2,84 USD a tržby 2,77 miliardy USD, což představuje meziroční nárůst o 2,16 %, respektive o 2,06 %.
American Tower (AMT - Free Report) closed at $181.36 in the latest trading session, marking a +1.09% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.33%. Meanwhile, the Dow experienced a rise of 1.08%, and the technology-dominated Nasdaq saw an increase of 0.08%.
The wireless communications infrastructure company's stock has climbed by 1.71% in the past month, exceeding the Finance sector's loss of 3.99% and the S&P 500's gain of 1.41%.
Analysts and investors alike will be keeping a close eye on the performance of American Tower in its upcoming earnings disclosure. The company's earnings report is set to go public on October 27, 2026. The company is predicted to post an EPS of $2.84, indicating a 2.16% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $2.77 billion, indicating a 2.06% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $11.11 per share and revenue of $11.04 billion. These totals would mark changes of +3.25% and +3.68%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for American Tower. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, American Tower boasts a Zacks Rank of #2 (Buy).
Looking at its valuation, American Tower is holding a Forward P/E ratio of 16.16. This signifies a premium in comparison to the average Forward P/E of 11.44 for its industry.
Meanwhile, AMT's PEG ratio is currently 2.8. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. REIT and Equity Trust - Other stocks are, on average, holding a PEG ratio of 2.05 based on yesterday's closing prices.
The REIT and Equity Trust - Other industry is part of the Finance sector. With its current Zacks Industry Rank of 85, this industry ranks in the top 35% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Proti společnosti Hyliion Holdings byla podána hromadná žaloba jménem akcionářů kvůli údajným zavádějícím informacím o partnerství s VFG a obchodních příležitostech v datových centrech.
New York, New York--(Newsfile Corp. - October 15, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Hyliion Holdings Corp. (NYSE American: HYLN) between May 12, 2026 and June 23, 2026, both dates inclusive (the "Class Period"), of the important October 27, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Hyliion common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Hyliion class action, go to https://rosenlegal.com/cases/hyliion-holdings-corp/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 27, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or omitted material facts concerning the credibility of its announced commercial pipeline, notably, the basis for management's confidence in its VFG Holdings ("VFG") partnership and the extent of Hyliion's evaluation of VFG's operational capabilities, financial resources, and ability to perform before announcing the "new data center partnership" as a significant commercial opportunity. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Hyliion class action, go to https://rosenlegal.com/cases/hyliion-holdings-corp/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319279
Source: The Rosen Law Firm PA
Ready to Announce with Confidence?
Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Společnost Fortinet má 28. října 2026 zveřejnit zisk ve výši 0,86 USD na akcii a tržby ve výši 2,06 mld. USD, což představuje meziroční nárůst o 16,22 %, respektive o 19,58 %.
In the latest trading session, Fortinet (FTNT - Free Report) closed at $181.91, marking a -1.16% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.33%. Meanwhile, the Dow gained 1.08%, and the Nasdaq, a tech-heavy index, added 0.08%.
The network security company's stock has climbed by 7.15% in the past month, exceeding the Computer and Technology sector's gain of 1.62% and the S&P 500's gain of 1.41%.
The upcoming earnings release of Fortinet will be of great interest to investors. The company's earnings report is expected on October 28, 2026. On that day, Fortinet is projected to report earnings of $0.86 per share, which would represent year-over-year growth of 16.22%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.06 billion, up 19.58% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.45 per share and revenue of $8.12 billion, which would represent changes of +25% and +19.4%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Fortinet. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.77% higher. Fortinet is currently a Zacks Rank #2 (Buy).
Looking at its valuation, Fortinet is holding a Forward P/E ratio of 53.4. Its industry sports an average Forward P/E of 53.96, so one might conclude that Fortinet is trading at a discount comparatively.
Investors should also note that FTNT has a PEG ratio of 3.09 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Security industry was having an average PEG ratio of 3.11.
The Security industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 170, positioning it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
In the latest close session, Dell Technologies (DELL - Free Report) was down 6.8% at $473.39. This change lagged the S&P 500's 0.33% gain on the day. Meanwhile, the Dow experienced a rise of 1.08%, and the technology-dominated Nasdaq saw an increase of 0.08%.
The computer and technology services provider's stock has dropped by 9.83% in the past month, falling short of the Computer and Technology sector's gain of 1.62% and the S&P 500's gain of 1.41%.
Market participants will be closely following the financial results of Dell Technologies in its upcoming release. In that report, analysts expect Dell Technologies to post earnings of $6.63 per share. This would mark year-over-year growth of 155.98%. Our most recent consensus estimate is calling for quarterly revenue of $50.63 billion, up 87.47% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $26.09 per share and a revenue of $195.68 billion, indicating changes of +153.3% and +72.35%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Dell Technologies. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.13% higher. Dell Technologies is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, Dell Technologies is holding a Forward P/E ratio of 19.47. Its industry sports an average Forward P/E of 19.47, so one might conclude that Dell Technologies is trading at no noticeable deviation comparatively.
One should further note that DELL currently holds a PEG ratio of 0.51. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Computer - Micro Computers stocks are, on average, holding a PEG ratio of 1.58 based on yesterday's closing prices.
The Computer - Micro Computers industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 16, positioning it in the top 7% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Gold Is Testing Its 200-Day SMA—These 3 Mining Stocks Are the PlayRoyal Gold NASDAQ: RGLD said it has expanded its portfolio, repaid debt and delivered record financial results following its 2025 acquisitions of Sandstorm and Horizon, while maintaining its focus on precious-metals royalties and streams rather than mine operations.
During a virtual non-deal roadshow, Alistair Baker, Royal Gold’s senior vice president of investor relations and business development, described the company as a high-margin business designed to generate cash flow from precious metals without direct exposure to mining operating costs.
Get Royal Gold alerts:
The Best Way to Invest in Gold Is...Baker said the Sandstorm and Horizon transactions added scale, diversification and growth to Royal Gold’s portfolio. He said the company has subsequently simplified certain aspects of those acquisitions, including collapsing intercompany arrangements, selling roughly $200 million in non-core equity positions and restructuring more complex arrangements involving Bear Creek and Relief Canyon.
Portfolio additions and financial performance
Royal Gold added two major streams during 2025, according to Baker: a $1 billion gold stream on First Quantum’s Kansanshi operation in Zambia and a $200 million investment connected to the Warintza gold-copper development project in Ecuador.
BHP Stock: The Under-the-Radar Growth Story in CommoditiesThe company also cited positive operating and development updates across its portfolio. Baker said Glencore began mining the Alumbrera pit at the MARA project in Argentina six months ahead of schedule after approval of its RIGI application. Royal Gold also received its first delivery under the Platreef stream agreement, while development at Hod Maden was about 25% complete, he said.
Baker said Royal Gold recorded revenue, cash flow and earnings records during the first quarter, followed by record operating cash flow in the second quarter. Since completing the Sandstorm and Horizon transactions, the company has repaid $1 billion of debt and repurchased and canceled about $30 million of shares, he said.
The company also increased its dividend for the 25th consecutive year and extended portfolio reserve life by about 25% to 18 years, Baker said.
Royal Gold expects the midpoint of its guidance to be about 30% above the prior year’s level.
Over five years, the company expects the midpoint of guidance to be about 17% above the current year’s level.
Baker said growth is expected to come from multiple assets rather than relying on a single operation.
Royalty model and diversification
Baker emphasized that Royal Gold does not operate mines and therefore does not directly bear mining labor, energy, consumables or capital-cost inflation. He said the company’s trailing 12-month EBITDA margin was about 83%, while cash general and administrative expense represented about 3% of revenue.
Royal Gold has 39 employees and a market capitalization of approximately $20 billion, Baker said. The company’s portfolio includes more than 360 assets, including 80 revenue-producing properties, about 30 development-stage assets and more than 250 exploration or evaluation-stage properties.
Nine of Royal Gold’s top 10 assets are already producing revenue, according to Baker. The company’s counterparties include large mining operators, with First Quantum, Glencore and Rio Tinto among the companies recently added to its operator list.
Baker said the portfolio is primarily gold-focused, with additional exposure to silver and copper, and is weighted toward North America and other mining-friendly jurisdictions. He identified Canada, the U.S., certain parts of South America and Australia as jurisdictions where Royal Gold expects to continue seeking opportunities.
Development pipeline and Hod Maden position
Royal Gold expects contributions from several development projects over the coming years, including Robertson at the Cortez complex in 2027, with Hod Maden, Great Bear and Warintza expected later in the decade. Baker identified MARA and Fourmile as longer-term contributors expected beyond the beginning of the next decade.
At Khoemacau, Baker said an expansion is expected to increase Royal Gold’s silver deliveries by about 35% once it reaches full production, which he said was likely in the 2028-2029 period.
Addressing Hod Maden, Baker said Royal Gold reduced its direct equity interest in the project to 15% from about 30% and received an equivalent value in royalty exposure for the reduced stake. He said the company ultimately wants to eliminate its direct equity ownership in the project because that structure is not central to Royal Gold’s business model.
Baker said the project’s development plan, production outlook and timeline had not changed following the ownership restructuring, although the new operator, Lidya, was reviewing capital costs and execution plans. Royal Gold had already funded $70 million of its capital contribution and had about $65 million remaining, he said.
Capital allocation and valuation
Royal Gold added a $600 million uncommitted accordion feature to its revolving credit facility, which Baker said could provide up to $2 billion of liquidity if fully utilized. The board also authorized a share-repurchase program of up to $500 million.
As of June 30, the company had $400 million outstanding under its revolving credit facility, Baker said. He said Royal Gold subsequently made an additional $75 million payment and expected to make another $100 million payment, with a goal of reducing the balance to zero during the quarter. He estimated the facility’s cost at about 6% or slightly less.
Baker said Royal Gold believes its shares trade at a net asset value discount to larger royalty and streaming peers and near the low end of price-to-cash-flow multiples among both larger and smaller peers. He attributed part of that disconnect to the market’s focus on integration risks from the 2025 acquisitions, despite what he described as strong financial results and debt repayment.
He said the company expects its financial performance, debt reduction, dividend growth, share repurchases and progress at development projects such as Platreef and Robertson to serve as potential catalysts for a valuation re-rating.
About Royal Gold (NASDAQ:RGLD)Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. Rather than operating mines directly, the company finances mining projects and acquires interests that provide rights to purchase a portion of the metals produced from those operations or to receive royalty payments based on mine revenue.
Royal Gold's portfolio is primarily focused on gold, with additional exposure to silver, copper and other metals. Its interests include streaming agreements and royalties associated with projects such as Pueblo Viejo in the Dominican Republic and Mount Milligan in British Columbia, Canada.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in Royal Gold Right Now?Before you consider Royal Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Royal Gold wasn't on the list.
While Royal Gold currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Interactive Brokers vykázala za čtvrtletí zisk na akcii (EPS) ve výši 0,67 USD, v souladu s očekáváním, a tržby ve výši 1,87 miliardy USD, tedy o 1,86 % nad konsensem.
Interactive Brokers Group, Inc. (IBKR - Free Report) came out with quarterly earnings of $0.67 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this company would post earnings of $0.64 per share when it actually produced earnings of $0.69, delivering a surprise of +7.81%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Interactive Brokers, which belongs to the Zacks Financial - Investment Bank industry, posted revenues of $1.87 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 1.86%. This compares to year-ago revenues of $1.61 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Interactive Brokers shares have added about 30.8% since the beginning of the year versus the S&P 500's gain of 12.8%.
What's Next for Interactive Brokers?While Interactive Brokers has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Interactive Brokers 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 $0.71 on $1.94 billion in revenues for the coming quarter and $2.70 on $7.34 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, Financial - Investment Bank is currently in the top 31% 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.
Tradeweb Markets (TW - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2026. The results are expected to be released on October 29.
This electronic marketplaces operator is expected to post quarterly earnings of $1.01 per share in its upcoming report, which represents a year-over-year change of +16.1%. The consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level.
Tradeweb Markets' revenues are expected to be $573.9 million, up 12.8% from the year-ago quarter.
IonQ po akvizici společnosti Oxford Ionics dosáhla rekordní hodnoty přesnosti dvouqubitových bran 99,99 % a buduje integrovaný ekosystém kvantových technologií.
IonQ (IONQ +9.32%) CEO Niccolo de Masi has stated that he wants his company to become the Nvidia (NVDA -1.84%) of quantum computing. This means he wants IonQ not just to develop a fault-tolerant quantum computer but to control the entire quantum ecosystem.
While Nvidia is best known for its powerful graphics processing units (GPUs) that are the primary chips used to run artificial intelligence (AI) workloads, the company's dominance stems from its ecosystem. Its CUDA software platform is where most original AI code was written and remains an important moat today. Meanwhile, the development of the company's NVLink interconnect system, which enables multiple GPUs to operate as a single, massive unit, has further widened its moat.
Nvidia also hasn't been afraid to make important acquisitions and incorporate acquired companies' technology into its ecosystem. It did this with Mellanox and networking in 2020, which is one of its fastest-growing businesses today and helps provide the foundation for its complete end-to-end AI factories. Nvidia also smartly "acquired" Groq and its language processing units (LPUs) to boost its inference offering, while scooping up critical AI software layers through additions like SchedMD and Hugging Face.
Image source: The Motley Fool.
IonQ: An aggressive acquirer IonQ has taken a page out of Nvidia's playbook and been very aggressive in making acquisitions across the quantum ecosystem. One of its most important acquisitions was Oxford Ionics in 2025. IonQ was able to incorporate Oxford's Electronic Qubit Control (EQC) technology, which embeds microwave antennas directly into chips, into its own technology. This helped it achieve a record 99.99% two-qubit gate fidelity, while significantly reducing its reliance on complex, bulky control laser arrays to manipulate its trapped ions.
EQC could be one of the key technologies that helps IonQ eventually develop a fault-tolerant quantum computer that can be commercialized. In addition to helping IonQ achieve an industry-leading low error rate, it also provides the company with quantum chips that can be manufactured by traditional foundries. Relying on chips that needed manual laser alignments and custom optical tables would likely never scale.
$34.35+$2.93 (+9.32%)
NYSE · As of 4:00 PM ET 10/15/26
However, this technology alone isn't enough; IonQ also needs to connect these EQC chips. This is where its quantum networking acquisitions of Lightsynq and Qubitekk come in. With Qubitekk, it received a robust quantum networking patent portfolio and the hardware needed to build distributed quantum systems and secure optical networks. Lightsynq, meanwhile, gave IonQ high-bandwidth photonic interconnects capable of connecting multiple quantum chips.
IonQ has even taken it a step further than Nvidia by becoming vertically integrated through its acquisition of quantum foundry SkyWater earlier this year. By having its own foundry, IonQ should be able to advance its technology roadmap more quickly and eventually allow it to scale more rapidly. While I wouldn't recommend the average chip company running a foundry business, it has clear advantages for emerging technologies with things like rapid prototyping.
Meanwhile, IonQ's most recently announced acquisition of Elisity pushes it further into the security market. This isn't the company's first acquisition in the space, though. Last year, it acquired ID Quantique, which brought it Quantum Key Distribution (QKD), Quantum Random Number Generation (QRNG), and single-photon detectors that are part of a quantum cryptography system designed to protect optical networks from hacking by quantum computers. Elisity, in turn, will give IonQ an enterprise zero-trust technology solution.
By combining the two technologies, IonQ will be able to offer an end-to-end security platform that protects enterprise networks against both current threats and future quantum decryption risks. Given how AI has changed the cybersecurity landscape, putting in place a platform that can guard against future quantum attacks is actually quite ingenious.
In addition to these deals, IonQ has also acquired companies in the areas of quantum sensing, transmission, and software orchestration. It truly is developing a complete quantum ecosystem, which potentially positions it to become the quantum computing leader in the future, much like Nvidia did in the AI space.
With the quantum computing stock down around 60% from its highs, now looks like a good opportunity to bet on this high-risk, high-reward stock that could eventually control the entire quantum ecosystem.
IonQ (IONQ +9.32%) has had a bad 2026. The stock is down by about 20% this year and is off by more than 60% from the all-time high above $84 that it reached at this time last year. However, I think it could be preparing for a rebound, and might blow right past that high next year on its way to $100 per share.
From its current level of less than $40 per share, that would be a rise of more than 150%, which is why I think it is one of the highest-potential stocks in the market now.
Image source: Getty Images.
IonQ has a major catalyst arriving in 2027
We're closer to commercially viable fault-tolerant quantum computing than we've ever been before. While many companies in this industry have been forecasting that viable quantum computing will arrive in 2030, several leaders in the space now see the timeline shortening to 2029, including IonQ. This is a big deal, as the first competitors to deliver on their goals will start to emerge in the near future.
I think IonQ will be one of those, as it has taken the lead with an unusual technology. Instead of using the more common superconducting qubit approach, IonQ is using trapped-ion qubit technology, which yields more accurate results at the cost of slower processing speeds. One of the primary reasons quantum computing isn't ready for widespread commercial use yet is that qubits are incredibly sensitive to outside interference, and as a result, calculations performed on quantum computers frequently yield incorrect results. Reducing their error frequency and developing better error-correction tools are among the central challenges that companies in the space are working on today.
So it makes sense that the companies developing quantum computers that lead in accuracy will see their systems adopted first, which is why I think IonQ has a strong chance of succeeding. In fact, IonQ holds the world record for quantum computing accuracy, with two-qubit gate fidelity of 99.99%.
$34.35+$2.93 (+9.32%)
NYSE · As of 4:00 PM ET 10/15/26
Another hurdle that stands between quantum computing and commercial viability is linking enough qubits together in one system to form a stable and accurate computing device with enough processing power to be useful. IonQ expects to start delivering its new 256-qubit system, the Superion 256, early next year, and there are already several preorders for it. If this device delivers on expectations, it could kick off a race by businesses to acquire early-stage quantum computers.
Right now, Wall Street analysts are bullish about IonQ's outlook for next year: The average projection is that its revenue will grow nearly 80%. If the launch is successful, it could blow past that forecast growth rate, which could help lift the stock to new heights.
We'll know a lot more about IonQ's success by this time next year. However, I think its future looks bright enough to warrant taking a small position in the stock and getting portfolio exposure to one of the best quantum computing companies out there.
Independent Bank Corp. ve čtvrtletí končícím v září 2026 vykázala upravený zisk 1,90 USD na akcii a výnosy ve výši 261,95 milionu USD, čímž překonala odhady.
Independent Bank Corp. (INDB - Free Report) came out with quarterly earnings of $1.9 per share, beating the Zacks Consensus Estimate of $1.84 per share. This compares to earnings of $1.55 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +3.26%. A quarter ago, it was expected that this holding company for Rockland Trust would post earnings of $1.77 per share when it actually produced earnings of $1.7, delivering a surprise of -3.95%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Independent Bank Corp., which belongs to the Zacks Banks - Northeast industry, posted revenues of $261.95 million for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 1.27%. This compares to year-ago revenues of $243.74 million. 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.
Independent Bank Corp. shares have added about 4.1% since the beginning of the year versus the S&P 500's gain of 12.8%.
What's Next for Independent Bank Corp.?While Independent Bank Corp. 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 Independent Bank Corp. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.95 on $263.1 million in revenues for the coming quarter and $7.17 on $1.03 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, Banks - Northeast is currently in the top 29% 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.
Chain Bridge Bancorp, Inc. (CBNA - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2026.
This company is expected to post quarterly earnings of $1.71 per share in its upcoming report, which represents a year-over-year change of +137.5%. The consensus EPS estimate for the quarter has been revised 5% higher over the last 30 days to the current level.
Chain Bridge Bancorp, Inc.'s revenues are expected to be $22.38 million, up 70.6% from the year-ago quarter.
Proti společnosti Chemours (CC) byla podána hromadná žaloba kvůli údajným zavádějícím výhledům; poté, co snížila celoroční výhled upravené EBITDA, její akcie 5. srpna 2026 klesly o 18,63 %.
Did you buy CC securities between February 20, 2026 and August 4, 2026?
Affected CC Investor Summary
Who: The Chemours Company (NYSE: CC)What: Securities fraud class action lawsuit filedClass Period: February 20, 2026 through August 4, 2026Deadline to Seek Lead Plaintiff Status: December 7, 2026Key Lawsuit Allegations: Material misstatements and/or omissions concerning the reliability of the company’s financial guidanceInvestor Action: Contact Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) for recovery options RADNOR, Pa., Oct. 15, 2026 (GLOBE NEWSWIRE) -- Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against The Chemours Company (“Chemours”) (NYSE: CC) on behalf of those who purchased or acquired Chemours securities between February 20, 2026 and August 4, 2026, inclusive. The lawsuit is filed in the United States District Court for the District of Delaware and is captioned Darcy v. The Chemours Company, No. 1:26-cv-01299 (D. Del.). Investors have until December 7, 2026, to file for lead plaintiff status.
CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS:
If you purchased or acquired Chemours securities and have lost money on your investment, please provide your information here: https://www.ktmc.com/cc-the-chemours-company-class-action-lawsuit?utm_source=Globe&utm_medium=pressrelease&utm_campaign=cc&mktm=PR
You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. There is no cost or obligation to speak with an attorney.
THE CHEMOURS COMPANY CLASS ACTION LAWSUIT - COMPLAINT ALLEGATION SUMMARY:
Chemours is an American chemical company that offers a range of industrial and specialty chemical products for markets including, but not limited to, refrigeration and air conditioning. Chemours’s Thermal & Specialized Solutions (“TSS”) segment sells its product OpteonTM, a set of refrigeration chemicals with a “near-zero ozone-depletion footprint.”
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company’s business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) Defendants had materially overstated aftermarket demand for their Opteon products; (2) demand for such products was decreasing as a result of Defendants’ overselling Opteon products in the preceding fiscal year; (3) as a result of these undisclosed issues, Defendants’ financial guidance for the 2026 fiscal year was unreliable; and (4) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
WHY DID CHEMOURS’S STOCK DROP?
After the market closed on August 4, 2026, Chemours announced its second quarter 2026 financial results, revealing, among other things, that the company reduced its adjusted EBITDA full year guidance to $775 million to $825 million, down from $800 million to $900 million previously. The company attributed this, and its year-over-year net sales decrease of approximately 1%, to a “4% decrease in volumes.” Specifically, it stated that “[t]he volume decline was primarily driven by lower TSS Opteon™ blends aftermarket refrigerant sales.”
On this news, the price of Chemours stock fell $3.34 per share, or 18.63%, to close at $14.59 per share on August 5, 2026.
WHAT THE CHEMOURS COMPANY INVESTORS CAN DO NOW:
File to be lead plaintiff by December 7, 2026.Contact KTMC for a free case evaluation. All representation is on a contingency fee basis, there is no cost to you.Retain counsel of choice or take no action. THE LEAD PLAINTIFF PROCESS FOR THE CHEMOURS COMPANY INVESTORS:
Chemours investors may, no later than December 7, 2026, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
Kessler Topaz Meltzer & Check, LLP encourages Chemours investors to contact the firm for more information.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including being recognized in Chambers & Partners USA 2026 as a Band 1 Top Firm in Securities and Class Actions, Legal 500’s Tier 1 Rankings for Securities and M&A Litigation, The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent. The complaint in this matter was not filed by KTMC.
CONTACT:
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087 [email protected]
May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
Alcoa ve čtvrtletí končícím v září 2026 zvýšila tržby o 23,7 % na 3,7 mld. USD a dosáhla zisku na akcii 1,82 USD oproti ztrátě 0,02 USD na akcii před rokem.
Alcoa (AA - Free Report) reported $3.7 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 23.7%. EPS of $1.82 for the same period compares to -$0.02 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.61 billion, representing a surprise of +2.49%. The company delivered an EPS surprise of +10.3%, with the consensus EPS estimate being $1.65.
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 Alcoa performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Bauxite production in Tons: 9.30 Mmt versus the two-analyst average estimate of 9.15 Mmt.Alumina production in Tons: 2,467.00 Kmt versus 2,443.54 Kmt estimated by two analysts on average.Aluminum production in Tons: 649.00 Kmt versus the two-analyst average estimate of 629.01 Kmt.Third-party bauxite shipments in Tons: 1,500.00 Mmt versus 1,641.96 Mmt estimated by two analysts on average.Intersegment Alumina Shipments: 1,314.00 Kmt versus 1,180.88 Kmt estimated by two analysts on average.Total aluminum shipments in Tons: 693 thousand compared to the 687.56 thousand average estimate based on two analysts.Total Third-party sales- Alumina (including Bauxite): $680 million versus $695.18 million estimated by two analysts on average.Third-party sales- Bauxite: $85 million versus the two-analyst average estimate of $95.8 million. The reported number represents a year-over-year change of -24.8%.Intersegment sales- Aluminum: $5 million compared to the $4.5 million average estimate based on two analysts. The reported number represents a change of 0% year over year.Third-party sales- Aluminum: $3.02 billion versus the two-analyst average estimate of $3.16 billion. The reported number represents a year-over-year change of +48.1%.Intersegment sales- Alumina: $542 million versus the two-analyst average estimate of $443.88 million. The reported number represents a year-over-year change of +14.4%.Third-party sales- Alumina: $595 million versus $599.38 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -29.3% change.View all Key Company Metrics for Alcoa here>>>
Shares of Alcoa have returned -13.4% over the past month versus the Zacks S&P 500 composite's +1.4% 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.
When investors think about artificial intelligence (AI) infrastructure, Nvidia is often at the top of the list. Nvidia has become the world's largest company thanks to its vaunted graphics processing units (GPUs), which are considered indispensable for training and running AI models.
Another side of the coin is Cisco Systems, a blue chip tech company that makes switches, routers, and other equipment that moves information through data centers.
But there's another company that deserves attention: Arista Networks (ANET -5.04%). And while it may not attract the same attention as Nvidia, Arista is becoming a core AI infrastructure play by helping solve one of the biggest challenges facing data centers.
Image source: The Motley Fool.
What does Arista Networks do? AI data centers rely on thousands of graphics processing units (GPUs) working together to train and run complex artificial intelligence models. But all that computing power doesn't mean much if the processors can't communicate quickly enough. Massive amounts of data need to move between chips, servers, and storage systems, and slow connections can create bottlenecks that drag down the entire operation.
Arista's role is to make high-speed Ethernet switches that direct traffic through data centers, ensuring information gets where it needs to go without slowing everything down. Arista also develops networking software, including its Extensible Operating System (EOS), that helps operators manage those connections and keep their networks running efficiently.
As AI models become larger and more demanding, data centers need faster connections to keep those expensive GPUs working -- after all, having the most powerful processors is a waste of money if the underlying infrastructure doesn't allow them to work to capacity. And that's exactly the problem Arista is helping its customers solve.
In June, Arista introduced its 7060XE7 Series, a new generation of Ethernet networking equipment designed for AI infrastructure. The systems support connections running at 1.6 terabits per second, with up to approximately 100 terabits per second of total system bandwidth. Arista also says its support for linear pluggable optics can reduce interconnect power consumption by approximately 60% compared with traditional pluggable optics.
That's an important consideration for data center operators already dealing with enormous electricity demands. Faster networking is valuable, but reducing the power required to move information can also help control operating expenses.
ANET Arista Networks$185.58-$9.84 (-5.04%)
NYSE · As of 4:00 PM ET 10/15/26
Arista is expanding its role in AI infrastructure Arista isn't simply selling faster switches. The company is working to make Ethernet a larger part of how AI computing systems communicate.
On Oct. 7, Arista announced a new rack-scale networking architecture developed with technology partners including Advanced Micro Devices, Broadcom, Meta Platforms, Microsoft, and Qualcomm.
Its Etherlink SU-144 design supports connections among up to 144 AI accelerators within a single-hop network, with an architecture that scales across racks to support up to 1,024 accelerators.
The distinction matters because Arista is moving beyond connecting separate servers and data center racks. It's developing technology that allows large groups of AI processors to communicate more closely, using Ethernet as an alternative to proprietary networking systems.
That could give cloud providers greater flexibility when choosing computing equipment and building new AI systems.
Arista stock hasn't disappointed While Nvidia and Cisco may get more attention, Arista stock has outperformed both so far this year, rising 54% versus a 50% jump for Cisco and a 20% gain for Nvidia.
Revenue in the second quarter was $3.03 billion, up 37.7% from a year ago and 12.1% sequentially. Net income was $1.21 billion, up from $888 million a year ago, and diluted earnings per share was $0.95 versus $0.70 in Q2 2025.
ANET data by YCharts
"Customers see networking as the central nervous system for infrastructure from the client to campus to data and AI centers," CEO Jayshree Ullal said.
The company is planning to report its third-quarter earnings on Nov. 3, and has issued guidance for revenue of $3.3 billion and diluted net income between $1.06 and $1.08 per share.
Arista Networks is an AI stock worth owning Nvidia remains a major force in AI computing, and Cisco is a formidable networking competitor. Arista also faces competition from proprietary networking technologies and the risk that major cloud customers will develop their own equipment.
But Arista has a compelling role in the AI build-out. Its equipment addresses a problem that becomes more demanding as companies deploy additional processors -- moving enormous amounts of data quickly, reliably, and without wasting electricity.
Investors don't have to own the company that makes the GPUs to benefit from the expansion of AI infrastructure spending. Arista offers a viable way to participate through the networking equipment that helps put all that computing power to work.
Akcie společnosti MongoDB (MDB) ve sledovaném dni vzrostly o 2,86 % na 366,49 USD za akcii. Analytici pro nadcházející čtvrtletí očekávají zisk na akcii (EPS) ve výši 1,60 USD a tržby 759,79 milionu USD.
In the latest close session, MongoDB (MDB - Free Report) was up +2.86% at $366.49. The stock exceeded the S&P 500, which registered a gain of 0.33% for the day. Elsewhere, the Dow gained 1.08%, while the tech-heavy Nasdaq added 0.08%.
Shares of the database platform witnessed a loss of 5.33% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 1.62%, and the S&P 500's gain of 1.41%.
The upcoming earnings release of MongoDB will be of great interest to investors. In that report, analysts expect MongoDB to post earnings of $1.6 per share. This would mark year-over-year growth of 21.21%. Our most recent consensus estimate is calling for quarterly revenue of $759.79 million, up 20.93% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.5 per share and a revenue of $3.02 billion, representing changes of +30.78% and +22.69%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for MongoDB. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. MongoDB currently has a Zacks Rank of #1 (Strong Buy).
Looking at valuation, MongoDB is presently trading at a Forward P/E ratio of 54.85. For comparison, its industry has an average Forward P/E of 20.42, which means MongoDB is trading at a premium to the group.
It is also worth noting that MDB currently has a PEG ratio of 2.5. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 1.18 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 83, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Proti společnosti Fluence Energy (FLNC) byla podána hromadná žaloba kvůli údajným zavádějícím informacím o výrobních kapacitách, objednávkové knize a výhledu tržeb pro fiskální rok 2026.
Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Fluence Energy, Inc. (NASDAQ: FLNC) between November 24, 2025 and September 16, 2026, inclusive (the "Class Period"), of the important November 30, 2026 lead plaintiff deadline.
So what: If you purchased Fluence Energy securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the Fluence Energy class action, go to https://rosenlegal.com/cases/fluence-energy-inc-2026-09/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 30, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Details of the case: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) Fluence Energy's ability to deliver its backlog and recognize the revenue underlying its fiscal 2026 guidance depended on new contract manufacturing facilities, including facilities that were not completed, not operational, and/or not capable of producing at the volumes the guidance assumed; (2) the corrective measures Fluence Energy had implemented to address production problems at its contract manufacturers were not remediating those problems, which persisted and extended to Fluence Energy's new facilities; (3) as a result, a material portion of the backlog that defendants represented as "securing" or "covering" Fluence Energy's fiscal 2026 revenue guidance were likely to be delivered and recognized in fiscal 2026; and (4) as a result of the foregoing, defendants' positive statements about Fluence Energy's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Fluence Energy class action, go to https://rosenlegal.com/cases/fluence-energy-inc-2026-09/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
Proti společnosti Papa Johns byla podána hromadná žaloba kvůli údajným zavádějícím tvrzením o transformaci. Akcie 6. srpna 2026 po zveřejnění výsledků za 2. čtvrtletí klesly o 17,18 %.
New York, New York--(Newsfile Corp. - October 15, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Papa John's International, Inc. ("Papa Johns" or the "Company") (NASDAQ: PZZA) on behalf of investors that purchased or otherwise acquired Papa Johns common stock between August 7, 2025 and August 5, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in Papa Johns and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than November 2, 2026 for an opportunity to be lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
The complaint alleges, among other things, that throughout the Class Period defendants disseminated materially false and misleading statements claiming that Papa Johns transformation was working to stabilize and improve the Company's growth while concealing material adverse facts concerning the true state of Papa Johns' transformation.
On August 6, 2026, according to the complaint, Papa Johns issued its second quarter 2026 financial results, reporting an 8.3% decrease in North American comparable sales, the suspension of its dividend, and a sharp reduction in its 2026 outlook from a 3% decline in North American comparable sales at the midpoint to a 7% annual decline. During the related conference call, CEO Todd Allan Penegor stated that "it's clear that our transformation is taking longer than expected" and "we must execute better and move faster." On this news, Papa Johns' stock price fell $5.11 or 17.18%, to close at $24.64 per share on August 6, 2026, thereby injuring investors.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
Advokátní kancelář Rosen Law Firm vyšetřuje možné nároky akcionářů společnosti J.B. Hunt (JBHT) v souvislosti s údajně zavádějícími informacemi. Společnost ve 3. čtvrtletí očekávala náklady o 25 mil. USD vyšší než ve 2. čtvrtletí.
New York, New York--(Newsfile Corp. - October 15, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) resulting from allegations that J.B. Hunt may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased J.B. Hunt securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/cases/jb-hunt-transport-services-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
WHAT IS THIS ABOUT: On September 16, 2026, CNBC published an article entitled "J.B. Hunt stock plunges 10% after company warns third-quarter earnings will fall." The article further stated that J.B. Hunt's Chief Financial Officer had "said between costs for recruiting, advertising, onboarding, training and sign-on bonuses, the company expects to see about $25 million more in the third quarter compared with the second quarter."
On this news, J.B. Hunt's shares fell sharply in intraday trading on September 16, 2026.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319225
Source: The Rosen Law Firm PA
Ready to Announce with Confidence?
Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
JB Hunt ve čtvrtletí končícím v září 2026 vykázala upravený zisk 1,82 USD na akcii a tržby ve výši 3,68 miliardy USD, čímž překonala konsenzuální odhady.
JB Hunt (JBHT - Free Report) came out with quarterly earnings of $1.82 per share, beating the Zacks Consensus Estimate of $1.81 per share. This compares to earnings of $1.76 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +0.55%. A quarter ago, it was expected that this trucking and logistics company would post earnings of $1.71 per share when it actually produced earnings of $1.91, delivering a surprise of +11.7%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
JB Hunt, which belongs to the Zacks Transportation - Truck industry, posted revenues of $3.68 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 3.15%. This compares to year-ago revenues of $3.05 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
JB Hunt shares have added about 19.5% since the beginning of the year versus the S&P 500's gain of 12.8%.
What's Next for JB Hunt?While JB Hunt has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for JB Hunt was unfavorable. 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 #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.11 on $3.65 billion in revenues for the coming quarter and $7.34 on $13.7 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, Transportation - Truck is currently in the bottom 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Knight-Swift Transportation Holdings (KNX - Free Report) , is yet to report results for the quarter ended September 2026. The results are expected to be released on October 21.
This trucking company is expected to post quarterly earnings of $0.75 per share in its upcoming report, which represents a year-over-year change of +134.4%. The consensus EPS estimate for the quarter has been revised 1% lower over the last 30 days to the current level.
Knight-Swift Transportation Holdings' revenues are expected to be $2.12 billion, up 10.1% from the year-ago quarter.
Semtech zvýšil výhled tržeb pro 3. čtvrtletí fiskálního roku 2027 na 417,5 milionu USD, což představuje meziroční nárůst o 56 %. Do roku 2030 pak cílí na tržby ve výši 3,2 miliardy USD.
Semtech Stock Rallies on Strong Q2 Results and Raised GuidanceSemtech NASDAQ: SMTC raised its fiscal third-quarter 2027 outlook and outlined long-term financial targets through fiscal 2030, citing growth in data center connectivity and LoRa products, higher-margin portfolio mix and a substantially improved balance sheet.
During the company’s analyst day, Semtech said it expects fiscal Q3 2027 revenue of $417.5 million at the midpoint, representing 56% year-over-year growth. The outlook calls for consolidated adjusted gross margin of 59%, or 64% excluding the cellular modules business that Semtech expects to divest, as well as adjusted operating margin of 33% and adjusted diluted earnings per share of $1.14.
Get Semtech alerts:
Semtech’s Explosive Rally May Only Be Getting StartedThe company said it continues to expect regulatory clearances for the cellular modules divestiture and anticipates closing the transaction in its fiscal fourth quarter.
Balance Sheet Transformation
Semtech highlighted progress in reducing leverage and interest expense since fiscal 2024. The company said net cash interest costs were $82 million in fiscal 2024, while free cash flow was negative $123 million. As of the second quarter of fiscal 2027, annual free cash flow was $193 million, according to the presentation.
How Semtech’s Data Center Chips Are Powering the AI BoomNet debt declined to $299 million at the end of Q2 2027 from $1.3 billion at the end of fiscal 2024, while net leverage fell to 1.1 times from 10.5 times. Semtech reported $503 million in debt and $204 million in cash and cash equivalents at the end of the quarter, alongside $357 million of availability under its line of credit.
The company said $100.5 million of debt comes due in fiscal 2028, with no scheduled maturities in fiscal 2029 or fiscal 2030. The remaining $402.5 million is due in fiscal 2031. Semtech expects its net leverage ratio to move below 1 times, with a longer-term maintenance target below zero net leverage.
Data Center and LoRa Drive Portfolio Shift
Semtech said data center and LoRa each represented about 7% of total revenue in fiscal 2024. For fiscal Q3 2027, excluding the cellular modules business, the company expects data center products to account for 40% of revenue and LoRa products to represent 19%.
Data center revenue was $61 million for all of fiscal 2024 and is expected to reach $145 million in fiscal Q3 2027 alone. LoRa revenue also totaled $61 million for fiscal 2024 and is expected to be $68 million in the third quarter of fiscal 2027.
Hong Hou, Semtech’s president and chief executive officer, said the company sees expanding LoRa opportunities across smart buildings, security, drone control, edge AI connectivity and Amazon Sidewalk. He said next-generation LoRa products are intended to offer lower standby current, higher data-transmission rates and software development kits designed to facilitate deployment.
Hou also discussed demand for connectivity solutions in AI infrastructure. He said near-package optics, or NPO, is expected to begin entering volume production near the end of next year, followed by co-packaged optics, or CPO. He described NPO as offering much of the power-saving benefit of CPO while retaining flexibility through an open socket architecture.
Imran Sherazi, senior vice president and general manager of Semtech’s Signal Integrity Products Group, said the company is focused on supplying linear redrivers across formats, including active copper cables, flyover cables and line-card applications. Sherazi said the company increased its share in a cited market from 18% to more than 50% and intends to continue pursuing share gains.
Fiscal 2030 Framework
Semtech expects revenue to reach $3.2 billion in fiscal 2030, implying a 38% compound annual growth rate from fiscal 2026. The fiscal 2026 base excludes $166 million in cellular module revenue associated with the business slated for divestiture.
Data center revenue is expected to compound at a 75% rate to $2.1 billion by fiscal 2030.
LoRa revenue is expected to compound at a 30% rate through fiscal 2030.
Adjusted gross margin is targeted at 70% in fiscal 2030.
Adjusted operating margin is expected to be 48% to 50%.
Free cash flow is expected to equal 35% of revenue.
Adjusted diluted EPS is projected at $12.40 to $13, representing a 64% to 66% compound annual growth rate.
The company said its fiscal 2030 EPS framework assumes a 20% non-GAAP tax rate and 104 million weighted-average diluted shares outstanding.
Investment and Capital Allocation
Semtech said research and development spending increased 27% between fiscal 2025 and the trailing 12 months ended in Q2 2027, while selling, general and administrative expense increased 8% over the same period. The company said it has focused R&D spending on customer-aligned, higher-return projects while maintaining an affordability framework.
Its capital allocation priorities are organic R&D investment, capability-driven acquisitions and balance-sheet strength. Semtech cited its March acquisition of Semtech Photonics Products, also referred to as HieFo, as an example of its approach. The acquisition added domestic indium phosphide manufacturing expertise and expanded the company’s AI connectivity portfolio into photonics, according to the presentation.
Hou said the company’s objective is to pursue high-bandwidth, low-power and low-latency connectivity opportunities while expanding earnings and cash flow through a more differentiated portfolio.
About Semtech (NASDAQ:SMTC)Semtech Corporation is a global semiconductor and technology company that designs and supplies analog and mixed-signal products for communications, industrial, automotive, consumer, and infrastructure applications. Its solutions are used to manage, protect, connect, and transmit data in electronic systems.
The company's portfolio includes signal-integrity products, protection devices, power-management components, optical and high-speed connectivity solutions, and video-processing technologies.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in Semtech Right Now?Before you consider Semtech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Semtech wasn't on the list.
While Semtech currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
