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

If you purchased or acquired Class A or Class C Zillow common stock between February 11, 2025 and May 7, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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New York, New York--(Newsfile Corp. - July 20, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Zillow Group, Inc. ("Zillow" or the "Company") (NASDAQ: ZG) (NASDAQ: Z) and reminds investors of the August 10, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

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

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Zillow's agreement with Redfin was not a "partnership," but rather an acquisition of Redfin's business; (2) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (3) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (4) as a result, Defendants' statements about Zillow's business, operations, and prospects, were materially false and misleading and or lacked a reasonable basis at all relevant times.

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

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

To learn more about the Zillow class action, go to www.faruqilaw.com/Z or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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

What is the Zillow securities fraud lawsuit about?

The lawsuit alleges Zillow misrepresented its agreement with Redfin as a partnership, understated antitrust and regulatory risks, and downplayed potential legal exposure, making statements about its business and prospects allegedly misleading.

Who may be eligible to participate in the lawsuit?

Investors who purchased or acquired Zillow Class A or Class C common stock (NASDAQ: Z) (NASDAQ: ZG) between February 11, 2025 and May 7, 2026 may be eligible to participate if they suffered losses related to the alleged misconduct.

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

A lead plaintiff represents the interests of the proposed class and helps oversee the litigation. Investors seeking appointment must file a motion with the court by August 10, 2026. Investors can share in any recovery without serving as lead plaintiff.

What should investors do if they purchased Zillow stock during the Class Period?

Investors should review their transaction records, preserve relevant documents, and evaluate their legal options. Those who suffered losses may wish to consult counsel regarding participation in the lawsuit or seeking lead plaintiff status before the deadline.

Why should investors contact Faruqi & Faruqi, LLP?

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305841

Source: Faruqi & Faruqi LLP

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

If you purchased or acquired securities in Regeneron between August 1, 2025 and May 15, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - July 20, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Regeneron Pharmaceuticals, Inc. (""Regeneron" or the "Company") (NASDAQ: REGN) and reminds investors of the September 14, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

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

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose the true state of Regeneron's Phase III Fianlimab-Libtayo Study; notably, that its preliminary statistical assumptions were fundamentally flawed, that the active treatment arm was failing to achieve meaningful clinical differentiation over standard therapies, and that the trial would ultimately fail to reach statistical significance on its primary endpoint even without overperformance of the control arm.

On April 29, 2026, Defendants disclosed that the Phase III Fianlimab-Libtayo Study had been altered, expanding the number of patients in the study eligible for "analysis of progression-free survival." On this news, Regeneron's stock price fell $45.41, or approximately 6.2%, to close at $686.36 per share on April 29, 2026.

On May 15, 2026, Regeneron issued a press release announcing that the "Phase 3 Trial of Fianlimab . . . did not reach statistical significance for the primary endpoint of improvement in progression-free survival (PFS)." On this news, Regeneron's stock price fell $68.57, or approximately 9.8%, to close at $629.68 per share on May 18, 2026.

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

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

To learn more about the Regeneron class action, go to www.faruqilaw.com/REGN or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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

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

What is the Regeneron securities fraud lawsuit about?

Faruqi & Faruqi, LLP has filed a securities class action lawsuit against Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) on behalf of investors who purchased Regeneron securities during the Class Period. The lawsuit alleges that Regeneron and certain of its officers made materially false and misleading statements regarding the Phase III Fianlimab-Libtayo clinical study. Specifically, the complaint alleges that defendants concealed that the study's preliminary statistical assumptions were fundamentally flawed, that the active treatment arm was allegedly failing to achieve meaningful clinical differentiation over standard therapies, and that the trial would ultimately fail to reach statistical significance on its primary endpoint. The alleged fraud is said to have come to light through two disclosures: first, on April 29, 2026, when defendants announced an expansion of patients eligible for analysis of progression-free survival — causing Regeneron's stock to fall approximately 6.2% — and then on May 15, 2026, when Regeneron announced that the Phase III trial did not reach statistical significance for its primary endpoint, causing the stock to fall an additional approximately 9.8%.

Who may be eligible to participate in the lawsuit?

Investors who purchased or otherwise acquired Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) securities on the NASDAQ between August 1, 2025 and May 15, 2026, inclusive (the "Class Period"), may be eligible to participate in this lawsuit. Eligibility to participate is not limited to those who seek appointment as lead plaintiff; any investor who purchased Regeneron securities during the Class Period and suffered a loss may potentially share in any recovery obtained on behalf of the class. Investors are encouraged to review their trading records to determine whether their purchases fall within the Class Period. Participation in the litigation does not require investors to take any active litigation role beyond filing a timely claim if a recovery is ultimately achieved.

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

A lead plaintiff is a court-appointed representative who acts on behalf of all class members in directing the litigation, including working with counsel to make key strategic decisions regarding the case. Any investor who purchased Regeneron securities during the Class Period and suffered losses may move the court for appointment as lead plaintiff, but must do so no later than September 14, 2026, which is the court-established deadline for such motions. Courts generally appoint the movant with the largest financial interest in the relief sought who also satisfies the adequacy requirements of the applicable securities laws. Importantly, investors are not required to seek appointment as lead plaintiff in order to participate in or potentially share in any recovery that may result from this litigation. Those who do not seek lead plaintiff status may still submit a claim and may be eligible to receive a portion of any settlement or judgment obtained on behalf of the class.

What should investors do if they purchased Regeneron stock during the Class Period?

Investors who purchased Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) securities between August 1, 2025 and May 15, 2026 are encouraged to promptly review their brokerage and trading records to confirm the timing and size of their purchases and any resulting losses. Investors should take steps to preserve all relevant documentation, including trade confirmations, account statements, and any communications relating to their Regeneron holdings, as such records may be material to any future claim. Given that the lead plaintiff motion deadline is September 14, 2026, investors who wish to be considered for that role should act in advance of that date. Investors may wish to consult with Faruqi & Faruqi, LLP to better understand their legal rights and options before the deadline passes. Retaining counsel or seeking lead plaintiff status is not required to participate in any potential class recovery, but timely action is advisable to preserve all available options.

Why should investors contact Faruqi & Faruqi, LLP?

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305844

Source: Faruqi & Faruqi LLP

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Tesla, Alphabet, IBM, Texas Instruments, and Intel headline a pivotal earnings week as weakening technical signals suggest the tech rally may need time to consolidate.

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

If you purchased or acquired securities in Intuit between August 22, 2025 and May 20, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - July 20, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Intuit Inc. ("Intuit" or the "Company") (NASDAQ: INTU) and reminds investors of the September 8, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

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

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) they had overstated Intuit's competitive advantages and growth, as well as the overall strength and sustainability of its business model and operations; (2) in reality, Intuit was losing significant business in its tax-related business, particularly in its Turbo Tax business, as a result of, inter alia, increasing competitive and pricing pressures; (3) accordingly, Intuit's previously issued FY 2026 TurboTax revenue growth guidance was unreliable and/or unrealistic; and (4) as a result, Defendants' public statements were materially false and misleading at all relevant times.

On May 20, 2026, Intuit released its fiscal Q3 2026 financial results, which included its 2026 tax season revenue. Intuit stated that it "did not have the overall tax season we expected" and that it "faced pressure among the most price-sensitive DIY filers." Intuit said that "[w]e [lost] on price," and revealed that the Company needed to evolve its business model by delivering the right lineup and price points to meet simple filers' needs at the low end. Intuit also announced that TurboTax online paying units were expected to grow by only 2% as total IRS filers were expected to decline by approximately 30 basis points, representing the "most significant industry-wide contraction since the post-COVID tax season."

On this news, Intuit's stock price fell $76.86 per share, or 20.02%, to close at $307.07 per share on May 21, 2026.

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

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

To learn more about the Intuit class action, go to www.faruqilaw.com/INTU or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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

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

What is the Intuit securities fraud lawsuit about?

The lawsuit alleges Intuit misled investors by overstating TurboTax growth, competitive strength, and FY2026 guidance while failing to disclose increasing pricing and competitive pressures.

Who may be eligible to participate in the lawsuit?

Investors who purchased Intuit (NASDAQ: INTU) securities between August 22, 2025 and May 20, 2026 may be eligible if they suffered losses.

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

A lead plaintiff represents the proposed class. Eligible investors must file a motion with the court by September 8, 2026. Participation does not require serving as lead plaintiff.

What should investors do if they purchased Intuit stock during the Class Period?

Investors should review their transactions and consider consulting counsel regarding their legal rights, participation in the lawsuit, or seeking lead plaintiff status.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi has represented investors since 1995 and recovered hundreds of millions of dollars. The firm offers free evaluations of potential securities fraud claims.

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305811

Source: Faruqi & Faruqi LLP

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

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The Investment Committee debate the latest Calls of the Day.

Zilliqa asks exchanges to pause ZIL transfers after suspected cold wallet theftZilliqa said exchanges paused ZIL deposits and withdrawals after an exchange partner’s cold wallet was compromised, with the amount stolen still undisclosed.

Zilliqa, a layer-1 blockchain network, said it is investigating a security incident involving an exchange partner after ZIL was stolen from a cold wallet.

In an X post on Monday, Zilliqa said it had asked exchanges to temporarily pause ZIL deposits and withdrawals as a precaution while it investigates the incident.

Zilliqa did not disclose the amount of ZIL stolen, identify the affected exchange partner or explain the possible cause of the incident. “We understand the community will have questions. We will share further updates as soon as we have verified information,” it said.

Zilliqa was launched in 2017 as a blockchain designed around sharding, a technology that splits transaction processing across multiple groups of nodes to improve scalability. The project was co-founded by researchers Amrit Kumar and Xinshu Dong, with the network’s mainnet going live in January 2019.

Zilliqa’s native token, ZIL, is used for transaction fees and smart contracts on the network. According to CoinGecko, ZIL was trading at around $0.0025 at the time of writing, down 7.1% over the past 24 hours.

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Zilliqa (ZIL), one of the most popular altcoins during the previous bull run, announced that one of its exchange partners suffered a security breach and that ZIL assets held in a cold wallet were stolen.

The Layer 1 blockchain reported that a security incident involving ZIL and its exchange partner led to the theft of ZIL from a cold wallet, and that the investigation is ongoing.

With this announcement, the ZIL team requested that all exchanges temporarily suspend ZIL deposit and withdrawal transactions to prevent further damage and stop the movement of stolen funds through exchanges.

The company has not yet publicly disclosed the name of the exchange affected by the security breach or the amount of ZIL stolen. The team stated that the investigation is ongoing and that they are actively investigating the incident and coordinating with relevant parties to determine the cause and extent of the security breach.

Zilliqa stated that it will provide further updates as verified information becomes available and advised users to rely only on official Zilliqa channels for relevant information.

Previously, the South Korean exchange Bithumb had also temporarily suspended ZIL deposits and withdrawals due to suspected security concerns.

Although the price of ZIL dropped after the incident, it subsequently recovered.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

Spot silver weekly chart so larger trend structure. Source: TradingView Nevertheless, any upswing in silver would initially represent a notable counter-trend rally toward prior dynamic support indicators, including an uptrend line and the 200-day moving average. Together, these present the upper boundary of an initial target range if bullish signals are triggered. The 200-day moving average is now near $70.47. However, the first potential upside dynamic resistance zone is marked by the falling 50-day moving average, currently at $67.44.

Bearish Risks Remain Below Support On the downside, a decisive decline below $54.78 would signal a continuation of the bearish trend. Even so, the confluence of resistance levels outlined above could limit the strength of any rebound before the broader downtrend reasserts itself. If the support range is broken, the 78.6% Fibonacci retracement at $48.29 would become the next downside target. Whether Monday’s bullish reversal develops into a more meaningful recovery or simply another counter-trend bounce will likely depend on how price reacts around the wedge breakout levels noted above.

If you’d like to know more about how to trade gold and silver, please visit our educational area.

APPLETON, Wis.--(BUSINESS WIRE)--Miller Electric Mfg. LLC, a leading worldwide manufacturer of Miller® brand arc welding equipment, announces the launch of the new Deltaweld 600 and Auto Deltaweld 600, extending the proven Deltaweld platform to 600 amps. Built for operations that need more power when the job calls for it, Deltaweld 600 and Auto Deltaweld 600 enable an operation to weld with higher amperage for longer periods while continuing to use a system they already know. “The Deltaweld fam.

, /PRNewswire/ -- AGNC Investment Corp. ("AGNC" or the "Company") (Nasdaq: AGNC) today announced financial results for the quarter ended June 30, 2026. 

SECOND QUARTER 2026 FINANCIAL HIGHLIGHTS

$0.52 comprehensive income per common share, comprised of: $0.52 net income per common share $(0.01) other comprehensive loss ("OCI") per common share on investments marked-to-market through OCI $0.40 net spread and dollar roll income per common share1 Excludes less than $(0.01) per common share of estimated "catch-up" premium amortization cost due to change in projected constant prepayment rate ("CPR") estimates $8.58 tangible net book value per common share as of June 30, 2026 Increased $0.20 per common share, or 2.4%, from $8.38 per common share as of March 31, 2026 $0.36 dividends declared per common share for the second quarter  6.7% economic return on tangible common equity for the quarter Comprised of $0.36 dividends per common share and $0.20 increase in tangible net book value per common share OTHER SECOND QUARTER HIGHLIGHTS

$97.2 billion investment portfolio as of June 30, 2026, comprised of: $86.8 billion Agency mortgage-backed securities ("Agency MBS") $9.7 billion net forward purchases/(sales) of Agency MBS in the "to-be-announced" market ("TBA securities") $0.7 billion credit risk transfer ("CRT") and non-Agency securities and other mortgage credit investments 7.4x tangible net book value "at risk" leverage as of June 30, 2026 7.4x average tangible net book value "at risk" leverage for the quarter Unencumbered cash and Agency MBS totaled $7.5 billion as of June 30, 2026  Excludes unencumbered CRT and non-Agency securities Represents 62% of the Company's tangible equity as of June 30, 2026 8.6% average projected portfolio life CPR as of June 30, 2026 13.0% actual portfolio CPR for the quarter  2.00% annualized net interest spread for the quarter2  Issued 16.2 million shares of common equity through At-the-Market ("ATM") Offerings for net proceeds of $167 million ___________

Represents a non-GAAP measure. Please refer to the Reconciliation of GAAP Comprehensive Income (Loss) to Net Spread and Dollar Roll Income and Use of Non-GAAP Financial Information included in this release for additional information. Please refer to Net Interest Spread Components by Funding Source included in this release for additional information regarding the Company's annualized net interest spread. MANAGEMENT REMARKS
"The investment environment in the second quarter continued to be challenging, as escalating rhetoric and hostilities between the United States and Iran largely dictated financial market performance," said Peter Federico, the Company's President, Chief Executive Officer and Chief Investment Officer. "Elevated energy prices and supply chain disruptions were the dominant macroeconomic concerns, particularly in April and May when maritime traffic through the Strait of Hormuz was severely constrained. These concerns caused Treasury yields to increase, the yield curve to flatten, and the market's monetary policy expectations to pivot from rate cuts to rate hikes.

"Despite the volatile macroeconomic backdrop, AGNC delivered a strong economic return of 6.7% for the second quarter. Elevated mortgage rates caused a reduction in projected Agency MBS supply, while demand remained strong, creating a positive technical backdrop that supported Agency MBS performance and drove spreads to benchmark rates tighter. Although mortgage spreads have declined from recent peak levels, they remain elevated by historical standards. Agency MBS also offer compelling value relative to other fixed income alternatives, particularly corporate bonds, which are at or near historically tight spreads to U.S. Treasuries despite record issuance and rising credit concerns. Together, these favorable dynamics should be supportive of Agency MBS performance over the near to intermediate term and position AGNC to continue to deliver strong risk-adjusted returns for our stockholders."

"AGNC's 6.7% economic return on tangible common equity in the second quarter was comprised of $0.36 of dividends per common share and a $0.20 increase in tangible net book value per common share," said Bernice Bell, the Company's Executive Vice President and Chief Financial Officer. "Additionally, AGNC generated a 12.3% unannualized total stock return in the second quarter, with dividends reinvested, despite the significant volatility experienced by financial markets. AGNC's net spread and dollar roll income per common share was $0.40 for the second quarter, a modest decrease of $0.02 per common share from the prior quarter. Finally, AGNC concluded the second quarter with tangible 'at risk' leverage of 7.4x and a substantial liquidity position of $7.5 billion of unencumbered cash and Agency MBS, representing 62% of our tangible equity at quarter end."

TANGIBLE NET BOOK VALUE PER COMMON SHARE
As of June 30, 2026, the Company's tangible net book value per common share was $8.58 per share, an increase of 2.4% for the quarter compared to $8.38 per share as of March 31, 2026. The Company's tangible net book value per common share excludes $526 million, or $0.45 and $0.46 per share, of goodwill as of June 30 and March 31, 2026, respectively.

INVESTMENT PORTFOLIO
As of June 30, 2026, the Company's investment portfolio totaled $97.2 billion, comprised of:

$96.5 billion of Agency MBS and TBA securities, including: $92.1 billion of fixed-rate securities, comprised of: $82.1 billion 30-year MBS, $9.5 billion 30-year TBA securities, net, and $0.5 billion 15 and 20-year MBS and TBA securities; and $4.5 billion of collateralized mortgage obligations ("CMOs"), adjustable-rate and other Agency securities; and $0.7 billion of CRT and non-Agency securities and other mortgage credit investments. As of June 30, 2026, 30-year fixed-rate Agency MBS and TBA securities represented 94% of the Company's investment portfolio, unchanged from March 31, 2026.

As of June 30, 2026, the Company's fixed-rate Agency MBS and TBA securities' weighted average coupon was 5.04%, compared to 4.95% as of March 31, 2026, comprised of the following weighted average coupons:

5.05% for 30-year fixed-rate securities; 4.82% for 15-year fixed-rate securities; and 3.74% for 20-year fixed-rate securities. The Company accounts for TBA securities and other forward settling securities as derivative instruments and recognizes TBA dollar roll income in other gain (loss), net on the Company's financial statements. As of June 30, 2026, such positions had a fair value of $9.7 billion and a GAAP net carrying value of $52 million reported in derivative assets/(liabilities) on the Company's balance sheet, compared to $9.5 billion and $(194) million, respectively, as of March 31, 2026.

CONSTANT PREPAYMENT RATES
The Company's weighted average projected CPR for the remaining life of its Agency securities held as of June 30, 2026 decreased to 8.6% from 10.3% as of March 31, 2026. The Company's weighted average actual CPR for the second quarter was 13.0%, compared to 13.2% for the prior quarter.

The weighted average cost basis of the Company's investment portfolio was 100.7% of par value as of June 30, 2026. The Company's investment portfolio generated net premium amortization cost of $(47) million, or $(0.04) per common share, for the second quarter, which includes a "catch-up" premium amortization cost of $(5) million, or less than $(0.01) per common share, due to changes in the Company's CPR projections for certain securities acquired prior to the second quarter. This compares to net premium amortization cost for the prior quarter of $(52) million, or $(0.05) per common share, including a "catch-up" premium amortization benefit of $5 million, or less than $0.01 per common share. 

ASSET YIELDS, COST OF FUNDS AND NET INTEREST RATE SPREAD
The Company's average asset yield on its investment portfolio, excluding the TBA position, was 4.87% for the second quarter, compared to 4.95% for the prior quarter. Excluding "catch-up" premium amortization, the Company's average asset yield was 4.89% for the second quarter, compared to 4.93% for the prior quarter. Including the TBA position and excluding "catch-up" premium amortization, the Company's average asset yield for the second quarter was 4.89%, compared to 4.98% for the prior quarter.

For the second quarter, the weighted average interest rate on the Company's repurchase agreements was 3.74%, compared to 3.79% for the prior quarter. For the second quarter, the Company's TBA position had an implied financing cost of 3.46%, compared to 3.45% for the prior quarter. Inclusive of interest rate swaps, the Company's combined weighted average cost of funds for the second quarter was 2.89%, compared to 2.92% for the prior quarter.

The Company's annualized net interest spread, including the TBA position and interest rate swaps and excluding "catch-up" premium amortization, for the second quarter was 2.00%, compared to 2.06% for the prior quarter.

NET SPREAD AND DOLLAR ROLL INCOME
The Company recognized net spread and dollar roll income (a non-GAAP financial measure) for the second quarter of $0.40 per common share, compared to $0.42 per common share for the prior quarter. Net spread and dollar roll income excludes less than $(0.01) and less than $0.01 per common share of estimated "catch-up" premium amortization (cost) / benefit for the second quarter and prior quarter, respectively.

The Company's cost of funds, net interest rate spread and net spread and dollar income excludes the impact of the Company's U.S. Treasury hedges, option-based hedges, and other supplemental interest rate hedges. For additional information regarding the Company's U.S. Treasury hedges, please refer to the schedule of Key Statistics included in this release.

A reconciliation of the Company's total comprehensive income (loss) to net spread and dollar roll income and additional information regarding the Company's use of non-GAAP measures are included later in this release. 

LEVERAGE
As of June 30, 2026, $79.5 billion of repurchase agreements and $9.7 billion of net TBA dollar roll positions (at cost) were used to fund the Company's investment portfolio. The remainder, or approximately $10.3 billion, of the Company's repurchase agreements was used to fund short-term purchases of U.S. Treasury securities ("U.S. Treasury Repo") and is not included in the Company's leverage measurements. Inclusive of its net TBA position and net payable/(receivable) for unsettled investment securities, the Company's tangible net book value "at risk" leverage ratio was 7.4x as of June 30, 2026, unchanged from the prior quarter. The Company's average "at risk" leverage ratio for the second quarter was 7.4x tangible net book value, also unchanged from the prior quarter.

As of June 30, 2026, the Company's repurchase agreements used to fund its investment portfolio ("Investment Securities Repo") had a weighted average interest rate of 3.75%, compared to 3.77% as of March 31, 2026, and a weighted average remaining maturity of 13 days, compared to 20 days as of March 31, 2026. As of June 30, 2026, $42.4 billion, or 53%, of the Company's Investment Securities Repo was funded through the Company's captive broker-dealer subsidiary, Bethesda Securities, LLC. 

HEDGING ACTIVITIES
As of June 30, 2026, interest rate swaps, U.S. Treasury positions, option-based hedges (swaptions), and other interest rate hedges equaled 73% of the Company's outstanding balance of Investment Securities Repo, net TBA position, and other debt (collectively, "funding liabilities"), compared to 75% as of March 31, 2026. Excluding option-based hedges, the Company's hedge portfolio covered 82% of its funding liabilities as of June 30, 2026, compared to 83% as of March 31, 2026.

As of June 30, 2026, the Company's pay fixed interest rate swap position totaled $73.8 billion in notional amount, with an average fixed pay rate of 2.76%, an average floating receive rate of 3.68% and an average maturity of 4.0 years, compared to $76.5 billion, 2.67%, 3.68% and 4.1 years, respectively, as of March 31, 2026.

As of June 30, 2026, the Company had a net short U.S. Treasury position of $2.1 billion, receiver swaptions of $7.8 billion outstanding and a two-year swap equivalent long SOFR futures position of $2.6 billion outstanding, compared to a $5.4 billion net long U.S. Treasury position and net receiver swaptions of $7.0 billion as of March 31, 2026.

OTHER GAIN (LOSS), NET
For the second quarter, the Company recorded a net gain of $379 million in other gain (loss), net, or $0.33 per common share, compared to a net loss of $(433) million, or $(0.39) per common share, for the prior quarter. Other gain (loss), net for the second quarter was comprised of:

$(16) million of net realized losses on sales of investment securities; $(90) million of net unrealized losses on investment securities measured at fair value through net income; $179 million of interest rate swap periodic income; $461 million of net gains on interest rate swaps; $(15) million of net losses on interest rate swaptions; $(4) million of net losses on SOFR futures; $(102) million of net losses on U.S. Treasury positions; $44 million of TBA dollar roll income; $(80) million of net mark-to-market losses on TBA securities; and $3 million of other interest income (expense), net; and $(1) million of other miscellaneous losses. OTHER COMPREHENSIVE LOSS
During the second quarter, the Company recorded other comprehensive income (loss) of $(7) million, or $(0.01) per common share, consisting of net unrealized losses on its Agency securities recognized through OCI, compared to $(8) million, or $(0.01) per common share, in the prior quarter.

COMMON STOCK DIVIDENDS
During the second quarter, the Company declared dividends of $0.12 per share to common stockholders of record as of April 30, May 29, and June 30, 2026, totaling $0.36 per share for the quarter. Since its May 2008 initial public offering through the second quarter of 2026, the Company has declared a total of $16.3 billion in common stock dividends, or $50.80 per common share.

FINANCIAL STATEMENTS, OPERATING PERFORMANCE AND PORTFOLIO STATISTICS
The following measures of operating performance include net spread and dollar roll income; economic interest income; economic interest expense; and the related per common share measures and financial metrics derived from such information, which are non-GAAP financial measures. Please refer to "Use of Non-GAAP Financial Information" later in this release for further discussion of non-GAAP measures.

AGNC INVESTMENT CORP.

CONSOLIDATED BALANCE SHEETS

(in millions, except per share data)

June 30,
2026

March 31,
2026

December 31,
2025

September 30,
2025

June 30,
2025

(unaudited)

(unaudited)

(unaudited)

(unaudited)

Assets:

Agency securities, at fair value (including pledged securities of $80,761, $77,364, $74,149, $68,821
and $67,375, respectively)

$                    86,784

$                    84,447

$                    81,003

$                    76,198

$                    73,232

Agency securities transferred to consolidated variable interest entities, at fair value (pledged
securities)

—

—

85

88

91

Credit risk transfer securities, at fair value (including pledged securities of $525, $545, $558, $554 and
$558, respectively)

573

593

606

609

613

Non-Agency securities, at fair value, and other mortgage credit investments (including pledged
securities of $8, $8, $13, $15 and $30, respectively)

94

93

95

97

109

U.S. Treasury securities, at fair value (including pledged securities of $11,295, $12,313, $13,056, 
$5,431 and $3,554, respectively)

12,325

12,582

13,477

5,927

3,565

Cash and cash equivalents

457

493

450

450

656

Restricted cash

1,329

1,864

1,292

1,461

1,216

Derivative assets, at fair value

260

178

169

145

155

Receivable for investment securities sold (including pledged securities of $201, $0, $149, $1,340 and
$0, respectively)

401

—

152

1,502

—

Receivable under reverse repurchase agreements

18,433

17,644

16,615

21,399

21,362

Goodwill

526

526

526

526

526

Other assets (including pledged securities of $0, $0, $0, $74 and $0, respectively)

578

477

607

567

496

Total assets

$                  121,760

$                  118,897

$                  115,077

$                  108,969

$                  102,021

Liabilities:

Repurchase agreements

$                    89,808

$                    87,616

$                    85,286

$                    74,152

$                    69,153

Debt of consolidated variable interest entities, at fair value

—

—

56

58

60

Payable for investment securities purchased

312

933

193

1,225

392

Derivative liabilities, at fair value

137

440

6

87

106

Dividends payable

184

182

182

170

164

Obligation to return securities borrowed under reverse repurchase agreements, at fair value

18,150

17,032

16,452

20,802

21,305

Accounts payable and other liabilities

626

513

509

1,031

494

Total liabilities

109,217

106,716

102,684

97,525

91,674

Stockholders' equity:

Preferred Stock - aggregate liquidation preference of $2,033, $2,033, $2,033, $2,033 and $1,688,
respectively

1,968

1,968

1,968

1,968

1,634

Common stock - $0.01 par value; 1,164.2, 1,147.8, 1,107.6, 1,072.7 and 1,041.7 shares issued and
outstanding, respectively

12

11

11

11

10

Additional paid-in capital

19,830

19,656

19,261

18,892

18,575

Retained deficit

(8,929)

(9,123)

(8,524)

(9,038)

(9,422)

Accumulated other comprehensive loss

(338)

(331)

(323)

(389)

(450)

Total stockholders' equity

12,543

12,181

12,393

11,444

10,347

Total liabilities and stockholders' equity

$                  121,760

$                  118,897

$                  115,077

$                  108,969

$                  102,021

Tangible net book value per common share 1

$                        8.58

$                        8.38

$                        8.88

$                        8.28

$                        7.81

AGNC INVESTMENT CORP.

CONSOLIDATED STATEMENTS OF OPERATIONS

(in millions, except per share data)

(unaudited)

Three Months Ended

June 30,
2026

March 31,
2026

December 31,
2025

September 30,
2025

June 30,
2025

Interest income:

Interest income

$                      1,014

$                      1,050

$                         944

$                         903

$                         830

Interest expense

709

731

738

755

668

Net interest income

305

319

206

148

162

Other gain (loss), net:

Realized (loss) gain on sale of investment securities, net

(16)

74

(26)

(81)

(177)

Unrealized (loss) gain on investment securities measured at fair value through net income, net

(90)

(889)

475

805

270

Gain (loss) on derivative instruments and other investments, net

485

382

340

(36)

(367)

Total other gain (loss), net

379

(433)

789

688

(274)

Expenses:

Compensation and benefits

19

23

30

20

18

Other operating expense

11

11

11

10

10

Total operating expense

30

34

41

30

28

Net income (loss)

654

(148)

954

806

(140)

Dividend on preferred stock

44

44

46

42

38

Net income (loss) available (attributable) to common stockholders

$                         610

$                       (192)

$                         908

$                         764

$                       (178)

Net income (loss)

$                         654

$                       (148)

$                         954

$                         806

$                       (140)

Unrealized (loss) gain on investment securities measured at fair value through other comprehensive
income (loss), net

(7)

(8)

66

61

48

Comprehensive income (loss)

647

(156)

1,020

867

(92)

Dividend on preferred stock

44

44

46

42

38

Comprehensive income (loss) available (attributable) to common stockholders

$                         603

$                       (200)

$                         974

$                         825

$                       (130)

Weighted average number of common shares outstanding - basic

1,157.6

1,122.6

1,089.3

1,053.0

1,017.3

Weighted average number of common shares outstanding - diluted

1,162.0

1,122.6

1094.6

1056.6

1017.3

Net income (loss) per common share - basic

$                        0.53

$                      (0.17)

$                        0.83

$                        0.73

$                      (0.17)

Net income (loss) per common share - diluted

$                        0.52

$                      (0.17)

$                        0.83

$                        0.72

$                      (0.17)

Comprehensive income (loss) per common share - basic

$                        0.52

$                      (0.18)

$                        0.89

$                        0.78

$                      (0.13)

Comprehensive income (loss) per common share - diluted

$                        0.52

$                      (0.18)

$                        0.89

$                        0.78

$                      (0.13)

Dividends declared per common share

$                        0.36

$                        0.36

$                        0.36

$                        0.36

$                        0.36

AGNC INVESTMENT CORP.

RECONCILIATION OF GAAP COMPREHENSIVE INCOME (LOSS) TO NET SPREAD AND DOLLAR ROLL INCOME (NON-GAAP MEASURE) 2

(in millions, except per share data)

(unaudited)

Three Months Ended

June 30,
2026

March 31,
2026

December 31,
2025

September 30,
2025

June 30,
2025

Comprehensive income (loss) available (attributable) to common stockholders

$                         603

$                       (200)

$                         974

$                         825

$                       (130)

Adjustments to exclude realized and unrealized (gains) losses reported through net income:

Realized (gain) loss on sale of investment securities, net

16

(74)

26

81

177

Unrealized (gain) loss on investment securities measured at fair value through net income, net

90

889

(475)

(805)

(270)

(Gain) loss on derivative instruments and other securities, net

(485)

(382)

(340)

36

367

Adjustment to exclude unrealized (gain) loss reported through other comprehensive income:

Unrealized (gain) loss on available-for-sale securities measure at fair value through other
comprehensive income, net

7

8

(66)

(61)

(48)

Other adjustments:

Estimated "catch up" premium amortization cost (benefit) due to change in CPR forecast 3

5

(5)

7

14

(11)

TBA dollar roll income 4,5

44

51

27

23

24

Interest rate swap periodic income, net 4,6

179

182

217

245

282

Other interest income (expense), net 4,7

3

6

9

7

(3)

Net spread and dollar roll income available to common stockholders

$                         462

$                         475

$                         379

$                         365

$                         388

Weighted average number of common shares outstanding - basic

1,157.6

1,122.6

1,089.3

1,053.0

1,017.3

Weighted average number of common shares outstanding - diluted

1,162.0

1,127.3

1,094.6

1,056.6

1,019.6

Net spread and dollar roll income per common share - basic

$                        0.40

$                        0.42

$                        0.35

$                        0.35

$                        0.38

Net spread and dollar roll income per common share - diluted

$                        0.40

$                        0.42

$                        0.35

$                        0.35

$                        0.38

AGNC INVESTMENT CORP.

NET INTEREST SPREAD COMPONENTS BY FUNDING SOURCE 2

(in millions, except per share data)

(unaudited)

Three Months Ended

June 30,
2026

March 31,
2026

December 31,
2025

September 30,
2025

June 30,
2025

Adjusted net interest and dollar roll income:

Economic interest income:

Investment securities - GAAP interest income 8

$                      1,014

$                      1,050

$                         944

$                         903

$                         830

Estimated "catch-up" premium amortization cost (benefit) due to change in CPR forecast 3

5

(5)

7

14

(11)

TBA dollar roll income - implied interest income 4,9

155

140

169

135

154

Economic interest income

1,174

1,185

1,120

1,052

973

Economic interest expense:

Repurchase agreements and other debt - GAAP interest expense

(709)

(731)

(738)

(755)

(668)

TBA dollar roll income - implied interest expense 4,10

(111)

(89)

(142)

(112)

(130)

Interest rate swap periodic income, net 4,6

179

182

217

245

282

Economic interest expense

(641)

(638)

(663)

(622)

(516)

Other interest and dividend income 3

—

—

—

—

—

Adjusted net interest and dollar roll income

$                         533

$                         547

$                         457

$                         430

$                         457

Net interest spread:

Average asset yield:

Investment securities - average asset yield

4.87 %

4.95 %

4.87 %

4.83 %

4.89 %

Estimated "catch-up" premium amortization cost (benefit) due to change in CPR forecast

0.02 %

(0.02) %

0.03 %

0.08 %

(0.06) %

Investment securities average asset yield, excluding "catch-up" premium amortization

4.89 %

4.93 %

4.90 %

4.91 %

4.83 %

TBA securities - average implied asset yield 9

4.87 %

5.42 %

4.91 %

5.31 %

5.14 %

Average asset yield 11

4.89 %

4.98 %

4.91 %

4.95 %

4.87 %

Average total cost of funds:

Repurchase agreements and other debt - average funding cost

3.74 %

3.79 %

4.13 %

4.43 %

4.44 %

TBA securities - average implied funding cost 10

3.46 %

3.45 %

4.03 %

4.31 %

4.29 %

Average cost of funds, before interest rate swap periodic income, net 11

3.70 %

3.75 %

4.11 %

4.42 %

4.42 %

Interest rate swap periodic income, net 12

(0.81) %

(0.83) %

(1.01) %

(1.25) %

(1.56) %

Average total cost of funds 13

2.89 %

2.92 %

3.10 %

3.17 %

2.86 %

Average net interest spread

2.00 %

2.06 %

1.81 %

1.78 %

2.01 %

AGNC INVESTMENT CORP.

KEY STATISTICS*

(in millions, except per share data)

(unaudited)

Three Months Ended

Key Balance Sheet Statistics:

June 30,
2026

March 31,
2026

December 31,
2025

September 30,
2025

June 30,
2025

Investment securities: 8

Fixed-rate Agency MBS, at fair value - as of period end

$                    82,334

$                    80,466

$                    77,483

$                    73,283

$                    71,104

Other Agency MBS, at fair value - as of period end

$                      4,450

$                      3,981

$                      3,605

$                      3,003

$                      2,219

Credit risk transfer securities, at fair value - as of period end

$                         573

$                         593

$                         606

$                         609

$                         613

Non-Agency MBS, at fair value - as of period end 14

$                           24

$                           24

$                           25

$                           28

$                           43

Total investment securities, at fair value - as of period end

$                    87,381

$                    85,064

$                    81,719

$                    76,923

$                    73,979

Total investment securities, at cost - as of period end

$                    88,471

$                    86,058

$                    81,817

$                    77,563

$                    75,484

Total investment securities, at par - as of period end

$                    87,896

$                    84,847

$                    80,830

$                    76,625

$                    74,572

Average investment securities, at cost

$                    83,366

$                    84,814

$                    77,562

$                    74,783

$                    67,887

Average investment securities, at par

$                    82,557

$                    83,659

$                    76,647

$                    73,836

$                    66,876

TBA securities: 15

Net TBA portfolio - as of period end, at fair value

$                      9,728

$                      9,548

$                    12,988

$                    13,841

$                      8,263

Net TBA portfolio - as of period end, at cost

$                      9,676

$                      9,742

$                    12,917

$                    13,805

$                      8,162

Net TBA portfolio - as of period end, carrying value

$                           52

$                       (194)

$                           71

$                           36

$                         101

Average net TBA portfolio, at cost

$                    12,729

$                    10,343

$                    13,764

$                    10,163

$                    11,996

Average repurchase agreements and other debt 16

$                    75,070

$                    77,120

$                    69,943

$                    66,654

$                    59,469

Average stockholders' equity 17

$                    12,447

$                    12,405

$                    11,828

$                    10,732

$                    10,118

Tangible net book value per common share 1

$                        8.58

$                        8.38

$                        8.88

$                        8.28

$                        7.81

Tangible net book value "at risk" leverage - average 18

7.4 :1

7.4 :1

7.4 :1

7.5 :1

7.5 :1

Tangible net book value "at risk" leverage - as of period end 19

7.4 :1

7.4 :1

7.2 :1

7.6 :1

7.6 :1

Key Performance Statistics:

Investment securities: 8

Average coupon

5.14 %

5.27 %

5.19 %

5.20 %

5.14 %

Average asset yield

4.87 %

4.95 %

4.87 %

4.83 %

4.89 %

Average asset yield, excluding "catch-up" premium amortization

4.89 %

4.93 %

4.90 %

4.91 %

4.83 %

Average coupon - as of period end

5.05 %

5.25 %

5.19 %

5.17 %

5.14 %

Average asset yield - as of period end

4.91 %

4.93 %

4.93 %

4.94 %

4.92 %

Average actual CPR for securities held during the period

13.0 %

13.2 %

9.7 %

8.3 %

8.7 %

Average forecasted CPR - as of period end

8.6 %

10.3 %

9.6 %

8.6 %

7.8 %

Total premium amortization benefit (cost)

$                         (47)

$                         (52)

$                         (51)

$                         (57)

$                         (30)

TBA securities:

Average coupon - as of period end 20

4.89 %

4.11 %

4.98 %

5.11 %

5.22 %

Average implied asset yield 9

4.87 %

5.42 %

4.91 %

5.31 %

5.14 %

Combined investment and TBA securities - average asset yield, excluding "catch-up" premium
amortization 11

4.89 %

4.98 %

4.91 %

4.95 %

4.87 %

Cost of funds: 13

Repurchase agreements - average funding cost

3.74 %

3.79 %

4.13 %

4.43 %

4.44 %

TBA securities - average implied funding cost 10

3.46 %

3.45 %

4.03 %

4.31 %

4.29 %

Interest rate swaps - average periodic income 12

(0.81) %

(0.83) %

(1.01) %

(1.25) %

(1.56) %

Average total cost of funds, inclusive of TBAs and interest rate swap periodic income, net 11

2.89 %

2.92 %

3.10 %

3.17 %

2.86 %

Repurchase agreements - average funding cost as of period end

3.75 %

3.77 %

3.98 %

4.38 %

4.49 %

Interest rate swaps - average net pay/(receive) rate as of period end 21

(0.92) %

(1.01) %

(1.29) %

(1.76) %

(2.34) %

Net interest spread:

Combined investment and TBA securities average net interest spread, excluding "catch-up" premium
amortization

2.00 %

2.06 %

1.81 %

1.78 %

2.01 %

Expenses % of average stockholders' equity - annualized

0.96 %

1.10 %

1.39 %

1.12 %

1.11 %

Economic return (loss) on tangible common equity - unannualized 22

6.7 %

(1.6) %

11.6 %

10.6 %

(1.0) %

Key Interest Rate Hedge Statistics

Interest rate swaps:

Average interest rate swaps, notional amount (excluding forward starting swaps), net

$                    75,216

$                    71,607

$                    59,863

$                    45,656

$                    45,849

Average pay-fixed rate

2.71 %

2.65 %

2.56 %

2.25 %

1.94 %

Average receive-floating rate

3.65 %

3.67 %

3.98 %

4.35 %

4.38 %

U.S. Treasury securities:

Average short U.S. Treasury securities, at cost

$                    16,939

$                    16,772

$                    18,414

$                    21,466

$                    19,754

Average short U.S. Treasury securities yield

4.23 %

4.25 %

4.18 %

4.21 %

4.16 %

Average long U.S. Treasury securities, at cost

$                    12,370

$                    12,033

$                    12,964

$                      4,749

$                      2,044

Average long U.S. Treasury securities yield

3.70 %

3.71 %

3.74 %

4.01 %

4.45 %

U.S. Treasury futures:

Average short U.S. Treasury futures, at cost

$                      4,006

$                      3,210

$                      1,901

$                      1,834

$                      1,208

Average short U.S. Treasury futures implied yield 23

4.73 %

4.64 %

4.71 %

4.60 %

4.53 %

Average long U.S. Treasury futures, at cost

$                      9,917

$                    11,147

$                         708

$                           —

$                           —

Average long U.S. Treasury futures implied yield 23

3.89 %

3.71 %

3.92 %

— %

— %

Average reverse repurchase agreement rate

3.63 %

3.68 %

4.00 %

4.34 %

4.33 %

*Except as noted below, average numbers for each period are weighted based on days on the Company's books and records. All percentages are annualized, unless otherwise noted.
Numbers in financial tables may not total due to rounding.

Tangible net book value per common share excludes preferred stock liquidation preference and goodwill. Table includes non-GAAP financial measures and/or amounts derived from non-GAAP measures. Refer to "Use of Non-GAAP Financial Information" for additional discussion of non-GAAP financial measures. "Catch-up" premium amortization cost/benefit is reported in interest income on the accompanying consolidated statements of operations. Amount reported in gain (loss) on derivatives instruments and other securities, net in the accompanying consolidated statements of operations. Dollar roll income represents the price differential, or "price drop," between the TBA price for current month settlement versus the TBA price for forward month settlement. Amount includes dollar roll income (loss) on long and short TBA securities. Amount excludes TBA mark-to-market adjustments. Represents periodic interest rate swap settlements. Amount excludes interest rate swap termination fees, mark-to-market adjustments and price alignment interest income (expense) on margin deposits. Other interest income (expense), net includes interest income on cash and cash equivalents, price alignment interest income (expense) on margin deposits, and other miscellaneous interest income (expense). Investment securities include Agency MBS, CRT and non-Agency securities. Amounts exclude TBA and forward settling securities accounted for as derivative instruments in the accompanying consolidated balance sheets and statements of operations. The average implied asset yield and associated gross income for TBA dollar roll transactions is extrapolated by adding the average TBA implied funding cost (Note 10) to the net dollar roll yield. The net dollar roll yield is calculated by dividing dollar roll income (Note 5) by the average net TBA balance (cost basis) outstanding for the period. The implied funding cost/benefit of TBA dollar roll transactions is determined using the "price drop" (Note 5) and market-based assumptions regarding the "cheapest-to-deliver" collateral that can be delivered to satisfy the TBA contract, such as the anticipated collateral's weighted average coupon, weighted average maturity and projected 1-month CPR. The average implied funding cost/benefit for TBA transactions represents the Company's long TBA position only, weighted based on the Company's daily average long TBA position outstanding for the period. Amount calculated on a weighted average basis based on average balances outstanding during the period and their respective asset yield/funding cost. Represents interest rate swap periodic cost/income measured as a percent of total mortgage funding (Investment Securities Repo, other debt and net TBA securities (at cost)). Cost of funds excludes U.S. Treasury, option-based, and other supplemental hedges used to hedge a portion of the Company's interest rate risk and U.S. Treasury Repo. Non-Agency MBS, at fair value, excludes $70 million, $69 million, $70 million, $69 million and $66 million of other mortgage credit investments held as of June 30 and March 31, 2026 and December 31, September 30 and June 30, 2025, respectively. Includes TBA dollar roll position and, if applicable, forward settling securities accounted for as derivative instruments in the accompanying consolidated balance sheets and statements of operations. Amount is net of short TBA securities. Average repurchase agreements and other debt excludes U.S. Treasury Repo. Average stockholders' equity calculated as the average month-ended stockholders' equity during the quarter. Average tangible net book value "at risk" leverage during the period was calculated by dividing the sum of the daily weighted average Investment Securities Repo, other debt, and TBA and forward settling securities (at cost) outstanding for the period by the sum of average stockholders' equity adjusted to exclude goodwill. Leverage excludes U.S. Treasury Repo. Tangible net book value "at risk" leverage as of period end was calculated by dividing the sum of the amount outstanding under Investment Securities Repo, other debt, net TBA position and forward settling securities (at cost), and net receivable / payable for unsettled investment securities outstanding by the sum of total stockholders' equity adjusted to exclude goodwill. Leverage excludes U.S. Treasury Repo. Average TBA coupon is for the long TBA position only. Includes forward starting swaps not yet in effect as of reported period-end. Economic return (loss) on tangible common equity represents the sum of the change in tangible net book value per common share and dividends declared on common stock during the period over the beginning tangible net book value per common share. The implied yields for Treasury futures are calculated based on the "cheapest-to-deliver" security that can be delivered to satisfy the futures contract identified at the time the futures contract was initiated using data sourced from a third-party model. STOCKHOLDER CALL
AGNC invites stockholders, prospective stockholders and analysts to attend the AGNC stockholder call on July 21, 2026 at 8:30 am ET. Interested persons who do not plan on asking a question and have internet access are encouraged to utilize the webcast at www.AGNC.com. Those who plan on participating in the Q&A or do not have internet available may access the call by dialing (877) 300-5922 (U.S. domestic) or (412) 902-6621 (international). Please advise the operator you are dialing in for the AGNC Investment Corp. stockholder call.

A slide presentation will accompany the call and will be available in the Investors section of the Company's website at www.AGNC.com. Select the Q2 2026 Stockholder Presentation link to download the presentation in advance of the stockholder call.

An archived audio of the stockholder call combined with the slide presentation will be available on the AGNC website after the call on July 21, 2026. In addition, there will be a phone recording available one hour after the call on July 21, 2026 through August 4, 2026. Those who are interested in hearing the recording of the presentation, can access it by dialing (855) 669-9658 (U.S. domestic) or (412) 317-0088 (international), passcode 8844707.

For further information, please contact Investor Relations at (301) 968-9300 or [email protected].

ABOUT AGNC INVESTMENT CORP.
Founded in 2008, AGNC Investment Corp. (Nasdaq: AGNC) is a leading investor in Agency residential mortgage-backed securities (Agency MBS), which benefit from a guarantee against credit losses by Fannie Mae, Freddie Mac, or Ginnie Mae. We invest on a leveraged basis, financing our Agency MBS assets primarily through repurchase agreements, and utilize dynamic risk management strategies intended to protect the value of our portfolio from interest rate and other market risks.

AGNC has a track record of providing favorable long-term returns for our stockholders through substantial monthly dividend income, with over $16 billion of common stock dividends paid since inception. Our business is a significant source of private capital for the U.S. residential housing market, and our team has extensive experience managing mortgage assets across market cycles.

We use our website (www.AGNC.com) and AGNC's LinkedIn and X accounts to distribute information about the Company. Investors should monitor these channels in addition to our press releases, filings with the U.S. Securities and Exchange Commission ("SEC"), public conference calls and webcasts, as information posted through them may be deemed material. Our website, alerts and social media channels are not incorporated by reference into, and are not a part of, this document or any report filed with the SEC. To learn more about The Premier Agency Residential Mortgage REIT, please visit www.AGNC.com, follow us on LinkedIn and X, and sign up for Investor Alerts.

FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements are based on estimates, projections, beliefs and assumptions of management of the Company at the time of such statements and are not guarantees of future performance. Forward-looking statements involve risks and uncertainties in predicting future results and conditions. Actual results could differ materially from those projected in these forward-looking statements or from our historic performance due to a variety of important factors, including, without limitation, changes in monetary policy and other factors that affect interest rates, MBS spreads to benchmark interest rates, the forward yield curve, or prepayment rates; the availability and terms of financing; changes in the market value of the Company's assets; general economic or geopolitical conditions; liquidity and other conditions in Agency MBS and other financial markets; and legislative and regulatory changes that could adversely affect the business of the Company. Certain factors that could cause actual results to differ materially from those contained in the forward-looking statements are included in the Company's periodic reports filed with the Securities and Exchange Commission ("SEC"). Copies are available on the SEC's website, www.sec.gov. The Company disclaims any obligation to update or revise any forward-looking statements based on the occurrence of future events, the receipt of new information, or otherwise.

USE OF NON-GAAP FINANCIAL INFORMATION
In addition to the results presented in accordance with GAAP, the Company's results of operations discussed in this release include certain non-GAAP financial information, including "net spread and dollar roll income"; "economic interest income" and "economic interest expense"; and the related per common share measures and certain financial metrics derived from such non-GAAP information, such as "cost of funds" and "net interest spread."

Net spread and dollar roll income available to common stockholders is measured as comprehensive income (loss) available (attributable) to common stockholders (GAAP measure) adjusted to: (i) exclude gains/losses on investment securities recognized through net income or other comprehensive income and gains/losses on derivative instruments and other securities (GAAP measures), (ii) exclude retrospective "catch-up" adjustments to premium amortization cost due to changes in projected CPR estimates and (iii) include interest rate swap periodic income/ cost, TBA dollar roll income and other miscellaneous interest income/expense. As defined, net spread and dollar roll income available to common stockholders represents net interest income/ expense (GAAP measure) adjusted to exclude retrospective "catch-up" adjustments to premium amortization cost due to changes in projected CPR estimates and to include TBA dollar roll income, interest rate swap periodic income/cost and other miscellaneous interest income/expense, less total operating expense (GAAP measure) and dividends on preferred stock (GAAP measure).

By providing users of the Company's financial information with such measures in addition to the related GAAP measures, the Company believes users have greater transparency into the information used by the Company's management in its financial and operational decision-making. The Company also believes that it is important for users of its financial information to consider information related to the Company's current financial performance without the effects of certain transactions that are not necessarily indicative of its current investment portfolio performance and operations.

Specifically, the Company believes the inclusion of TBA dollar roll income in its non-GAAP measures is meaningful as TBAs are economically equivalent to holding and financing generic Agency MBS using short-term repurchase agreements but are recognized under GAAP in gain/ loss on derivative instruments in the Company's statement of operations. Similarly, the Company believes that the inclusion of periodic interest rate swap settlements in such measures, which are recognized under GAAP in gain/loss on derivative instruments, is meaningful as interest rate swaps are the primary instrument the Company uses to economically hedge against fluctuations in the Company's borrowing costs and inclusion of periodic interest rate swap settlements is more indicative of the Company's total cost of funds than interest expense alone. Finally, the Company believes the exclusion of "catch-up" adjustments to premium amortization cost is meaningful as it excludes the cumulative effect from prior reporting periods due to current changes in future prepayment expectations and, therefore, exclusion of such "catch-up" cost or benefit is more indicative of the current earnings potential of the Company's investment portfolio.

However, because such measures are incomplete measures of the Company's financial performance and involve differences from results computed in accordance with GAAP, they should be considered as supplementary to, and not as a substitute for, results computed in accordance with GAAP. In addition, because not all companies use identical calculations, the Company's presentation of such non-GAAP measures may not be comparable to other similarly-titled measures of other companies.

A reconciliation of GAAP comprehensive income (loss) to non-GAAP "net spread and dollar roll income" is included in this release.

CONTACT:
Investors - (301) 968-9300
Media - (301) 968-9303

SOURCE AGNC Investment Corp.

HTX Research Head and Lead Analyst Andy Liu recently guested at Huobi’s Expert Lecture Hall, delivering a presentation themed “Q3 2026 Outlook: The New Order of the Crypto Market Amid Global Liquidity Repricing”. He noted that BTC is no longer merely a native crypto asset, but a proxy for global U.S. dollar liquidity. The three core variables driving BTC’s performance in Q3 are: liquidity for direction, ETFs for elasticity, and the U.S. dollar for risk. On Ethereum, Andy Liu highlighted that the current issue facing Ethereum is not whether its ecosystem is growing, but whether that growth can translate into value for ETH. In the medium to long term, Ethereum remains one of the most critical settlement and application infrastructures in crypto. However, in the short term, ETH must re-prove that ecosystem growth can be converted into ETH value. Thus, the core assessment for ETH in Q3 is: regulation for direction, DeFi for elasticity, and fees and burns for confirmation.

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Bitcoin mining company LM Funding America (NASDAQ: LMFA) announced it will rebrand to PowerCompute Inc. and adopt a new stock ticker "PWCM" effective July 22. The company stated that the rename marks its strategic transformation, as it leverages its existing 26 megawatts (MW) of owned power infrastructure to expand into high-performance computing (HPC) and artificial intelligence (AI) infrastructure businesses. Currently, the firm operates two facilities in Oklahoma and Mississippi, U.S., with 26 MW of power capacity, and plans to provide infrastructure services to AI computing clients. It will also continue holding Bitcoin assets as part of its balance sheet.

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Adrian Wall, Senior Director of US Policy at TRON DAO, is sounding the alarm on Capitol Hill’s pace. Appearing on the Thinking Crypto podcast in July 2026, Wall argued that the CLARITY Act needs to pass before the August recess, or the US risks watching its crypto industry migrate to friendlier jurisdictions.

The Digital Asset Market Clarity Act of 2025, formally known as H.R. 3633, would establish structured federal oversight for digital commodities and related assets.

Where the bill stands The CLARITY Act has already cleared some major hurdles. It was introduced in the House on May 29, 2025, and passed with bipartisan support on July 17, 2025, by a vote of 294 to 134.

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The Senate Banking Committee advanced its version of the bill on May 14, 2026, with a 15-9 vote. It was then placed on the Senate calendar on June 1, 2026, where it now sits waiting for floor action.

President Trump has publicly endorsed the legislation, urging the Senate to act and framing it as essential to maintaining US competitiveness in digital assets. A House Financial Services Subcommittee hearing took place in New York on July 17, 2026, keeping the conversation alive as the legislative window narrows.

What the CLARITY Act actually does The bill’s primary goal is resolving one of crypto’s oldest headaches: figuring out which federal agency has jurisdiction over which digital assets. The CLARITY Act draws clearer lines between digital commodities and digital securities, assigning oversight responsibilities accordingly. It creates a pathway for tokens that may start as securities to eventually be treated as commodities once they become sufficiently decentralized.

Opponents, particularly some Democratic lawmakers, have pushed back on consumer protection provisions, arguing the bill doesn’t go far enough to shield retail investors from fraud and market manipulation.

Why this matters for investors Wall’s urgency on the podcast reflected a broader industry sentiment. The window for legislative action before Congress leaves for August recess is narrow, and the crypto industry has seen promising momentum followed by legislative inertia before.

The CLARITY Act’s bipartisan House passage by a vote of 294 to 134 and its 15-9 committee advancement in the Senate represent concrete legislative progress. Whether the Senate can convert that momentum into law before the recess clock runs out is the question that matters most for US crypto markets heading into the second half of 2026.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Boston, Massachusetts--(Newsfile Corp. - July 20, 2026) - Block & Leviton is investigating Pentair (NYSE: PNR) for potential securities law violations. Investors who have lost money in their Pentair investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/pnr.

What is this all about?

Block & Leviton is investigating whether Pentair plc and certain of its executives violated federal securities laws in connection with what the company told investors about the health of inventory in its Pool channel. On April 28, 2026, Pentair guided to roughly 1% second-quarter sales growth and 2-4% full-year growth, and management told investors it had evaluated a range of Pool revenue scenarios and reflected the expected sell-in pressure in that guidance. Then, after the market closed on July 14, 2026, Pentair pre-announced that preliminary second-quarter sales would be approximately $930 million — down about 17% year-over-year — and slashed its full-year outlook, attributing the shortfall to Pool channel inventory destocking that was "more pronounced" than previously estimated and that it estimated would cut full-year Pool sales by roughly $250 million. The company also disclosed that its chief financial officer had departed on July 10, 2026, just days before the warning, with the former CFO returning on an interim basis. Pentair shares fell sharply on the news.

Who is eligible?

Anyone who purchased Pentair common stock and has seen their shares fall may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.

What is Block & Leviton doing?

Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.

What should you do next?

If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at [email protected], or by phone at (888) 256-2510.

Whistleblower?

If you have non-public information about Pentair, you should consider assisting in our investigation or working with our attorneys to file a report with the Securities Exchange Commission under their whistleblower program. Whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery. For more information, contact Block & Leviton at [email protected] or by phone at (888) 256-2510.

Why should you contact Block & Leviton?

Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, call (888) 256-2510 or email [email protected] with any questions.

This notice may constitute attorney advertising.

CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (888) 256-2510
Email: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305801

Source: Block & Leviton LLP

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VANCOUVER, Wash.--(BUSINESS WIRE)--ZoomInfo (NASDAQ: GTM), the all-in-one AI GTM platform, has reported that Seismic, the global leader in sales enablement, scaled AI-assisted outbound prospecting across its go-to-market team on ZoomInfo, and in its own user surveys attributed 39% of active pipeline to opportunities identified or influenced by signals from ZoomInfo, according to the company. Seismic runs a well-developed outbound model, where business development representatives and outside sal.

VANCOUVER, Wash.--(BUSINESS WIRE)--ZoomInfo (NASDAQ: GTM), the all-in-one AI GTM platform, has reported that Tegus, an investment-research platform that investors rely on to inform their decisions, cut its conversation-intelligence spending by 50% compared with its previous vendor after consolidating that work onto ZoomInfo, according to the company. Tegus redirected the savings into sales incentives and went on to exceed its targets for the next 2 quarters. Tegus combines expert insights, comp.

July 20, 2026 16:05 ET  | Source: Workhorse Group, Inc.

DETROIT, July 20, 2026 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse” or the “Company”), a North American OEM and provider of all-electric trucks, step vans, shuttles and buses, today announced that on July 20, 2026, the Human Resource Management and Compensation Committee of the Company’s Board of Directors (the “Committee”) granted 93,750 restricted stock units (“RSUs”) to Jody Davis under the Company’s Inducement Equity Award Plan (the “Inducement Plan”) in connection with Mr. Davis’s hiring and appointment as Chief Financial Officer. The award was granted as an inducement material to Mr. Davis entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).  

The RSUs will vest over a three-year period, in three equal installments on the first, second and third anniversaries of June 1, 2026, subject to Mr. Davis’s continued employment with the Company through the applicable vesting dates.

About Workhorse Group Inc.

Headquartered in the Detroit area with a commercial-scale manufacturing plant in Union City, Indiana, Workhorse (Nasdaq: WKHS) is redefining what a medium-duty truck should be. Workhorse builds software-first, electric trucks, shuttles and buses that are powerful, cost-efficient, reliable, safe and comfortable — all with zero tailpipe emissions. Our deep experience building electric vehicles at scale drives intentional innovations designed to help customers lower operating costs, improve fleet performance, enhance the driver experience, and maximize uptime without compromise. More information is available at www.workhorse.com.

Media Relations Contacts:

Workhorse
John Williams, Communications
+1-206-660-5503, [email protected]

ICR, Inc.
[email protected]

Investor Relations Contact:
[email protected]

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that are not historical facts, including those regarding the Company's achievement of its priorities and its other plans, objectives, expectations, business strategies, future operations, financial performance, prospects, and other future events or developments, are forward-looking statements. These forward-looking statements are based on management's current expectations, assumptions, and estimates as of the date of this press release and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties are described in greater detail under the caption "Risk Factors" in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable law.

Spain’s national football team touched down in Madrid on July 20 at approximately 2:30 p.m. local time, fresh off a 1-0 World Cup final victory over Argentina. An estimated one million fans packed Plaza de Cibeles to greet them. Head coach Luis de la Fuente and captain Rodri hoisted the trophy above the crowd.

Ferran Torres scored the only goal in the 106th minute of extra time. But beyond the confetti and the open-top bus, this World Cup has quietly become the most crypto-integrated global sporting event in history, and Spain’s triumph is sending ripples through digital asset markets.

The crypto infrastructure behind the 2026 World Cup Kraken became FIFA’s Official Crypto Exchange Supporter on June 9, 2026, marking the first time the governing body of world football entered into an official crypto partnership.

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Chainlink provided oracle services that powered prediction markets covering all 104 matches in the expanded tournament format. Chainlink’s technology served as the trusted data bridge that let decentralized prediction platforms verify real-world match results on-chain, allowing bettors and participants to settle positions without relying on a centralized intermediary.

Chiliz is the blockchain infrastructure company that operates fan-token platforms for major European clubs, including several Spanish teams. Fan tokens are digital assets that give holders voting rights on minor club decisions and access to exclusive perks.

Why Spain’s win matters for fan tokens Spain’s victory is expected to create a surge in activity around CHZ-linked assets and tokens tied to major Spanish clubs. The players who just won the World Cup play for Barcelona, Real Madrid, and other clubs that sit at the center of the European fan-token ecosystem.

Institutional implications and what to watch Kraken’s FIFA partnership establishes a template for similar deals across other global sporting events. Each partnership normalizes crypto in front of audiences that might never visit a DeFi protocol but who will notice that a crypto brand is printed on their stadium cup.

For investors watching the fan-token space specifically, the key metric to track over the coming weeks is whether trading volumes for Spanish club tokens sustain elevated levels or revert quickly to pre-tournament baselines.

Chainlink processing oracle data for 104 matches is a real-world stress test for decentralized data feeds. Kraken occupying prime sponsorship real estate at the world’s biggest sporting event is a distribution channel for crypto awareness. And Chiliz sitting at the center of a fan-token ecosystem that just received a major catalyst from Spain’s victory is positioned to capture whatever spending follows.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Prediction markets just got their biggest stage yet. Chainlink has been named the exclusive oracle infrastructure behind ADI Predictstreet, the official prediction market partner of the FIFA World Cup 2026, enabling near-instant settlement and automated payouts across every single match of the tournament.

That’s 104 matches, 48 teams, 16 host cities across North America, and a projected audience north of 6 billion fans.

How it works under the hood The integration relies on Chainlink’s Runtime Environment, or CRE. CRE is the framework that lets Chainlink automate the entire lifecycle of a prediction market, from creating the bet to resolving it to settling payouts, without any human middleman touching the process.

Every market on the Myriad platform will pull verified FIFA data through Chainlink’s oracle network. When a match ends, the result flows through the oracle, triggers the smart contract, and pays out winners. No waiting for manual verification. No disputed outcomes sitting in limbo while some back-office team reviews footage.

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The technical architecture here matters because prediction markets live and die on trust. Chainlink’s oracle network has been the backbone of decentralized finance for years, having facilitated over $30 trillion in transaction value across DeFi protocols.

Why FIFA, and why now The 2026 World Cup is a uniquely massive event. It’s the first tournament to feature 48 teams, up from 32 in previous editions. It’s spread across the US, Canada, and Mexico. And the sheer volume of matches, 104 in total, creates an enormous surface area for prediction market activity.

Every data point feeding into the smart contract is verifiable on-chain. Every payout logic is encoded before the match starts. There’s no house discretion on edge cases, no terms-of-service clause that lets a platform claw back winnings.

Chainlink Labs executives emphasized that this partnership establishes new industry standards for sports prediction markets, aiming to integrate decentralized oracle technology into the mainstream sports betting ecosystem.

What this means for LINK and the broader market From an investor perspective, this partnership is one of the highest-profile real-world use cases Chainlink has landed. The LINK token’s value proposition has always been tied to network usage: more protocols and platforms using Chainlink oracles means more demand for the token that secures the network.

Industry analysts predict substantial network effects that could drive increased on-chain activity for the LINK token, although initial reports on direct price impacts remain sparse.

There are risks worth flagging. Regulatory scrutiny around prediction markets varies wildly by jurisdiction, and a FIFA-branded product will attract attention from regulators who might otherwise ignore smaller platforms.

Traders should keep an eye on on-chain metrics for LINK during the tournament window, specifically transaction counts and unique callers to Chainlink’s CRE contracts.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Coinbase is rolling out perpetual futures contracts for Circle Internet Group (CRCL), Robinhood Markets (HOOD), and MicroStrategy (MSTR), with trading set to go live on or after 9:00 am UTC on July 21, 2026.

What’s actually launching The new contracts will be available to eligible non-US customers, consistent with Coinbase’s existing approach to its stock perpetual futures product. Traders can access up to 10x leverage on single-stock contracts, meaning a $1,000 position can control $10,000 worth of exposure.

All three contracts are cash-settled in USDC, Circle’s dollar-pegged stablecoin. That detail is worth noting given that CRCL, Circle’s own stock ticker, is one of the assets being listed. Coinbase is essentially letting traders speculate on the issuer of the settlement currency using the settlement currency itself.

The 24/7 trading window is a meaningful differentiator from traditional equity markets. When a major Bitcoin move happens at 2 am on a Sunday, holders of MSTR perpetuals can react immediately rather than waiting for Monday’s opening bell.

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Why these three stocks matter MicroStrategy, under Michael Saylor’s leadership, has become the largest corporate holder of Bitcoin, essentially transforming itself into a leveraged Bitcoin proxy.

Robinhood has steadily built out its crypto business, becoming one of the primary on-ramps for retail traders entering the digital asset space. The company’s revenue is increasingly tied to crypto trading volumes.

Circle Internet Group, the company behind USDC, went public and represents a pure-play bet on stablecoin adoption. CRCL saw a 5.5% gain in a single trading session amid Bitcoin’s strength earlier in 2026.

Coinbase’s bigger derivatives play This launch builds on groundwork Coinbase laid in March 2026, when it first introduced stock perpetual futures for non-US users. Adding CRCL, HOOD, and MSTR is the next step in that rollout.

The timing aligns with a period of significant momentum for crypto-linked equities. Bitcoin surpassed $80,000 earlier in 2026, with companies like MicroStrategy and Circle seeing their stock prices respond accordingly.

What this means for traders and investors In traditional equity markets, standard margin accounts typically offer 2x leverage, with portfolio margin sometimes stretching to 4x or more for qualified investors. At 10x, these perpetuals sit closer to the leverage profiles found on crypto-native platforms.

One risk to watch: the correlation between these stocks and Bitcoin can break down during periods of company-specific stress. A regulatory action against Circle, a Robinhood earnings miss, or a change in MicroStrategy’s Bitcoin strategy could decouple these assets from broader crypto trends, catching leveraged traders off guard.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

According to monitoring by Onchain Lens, a Hyperliquid whale carried out new on-chain operations today after earning over $1 million in profits, staking 115,000 HYPE (worth roughly $7.2 million). The address currently holds: 115,000 staked HYPE, 100,000 HYPE in available balance, and $1.1 million in USDC. For today’s trades, the whale closed two short positions: a $3.5 million short on $MU, netting $439,100 in profit; and a $2.42 million short on $SKHX, generating $581,900 in gains. The address still holds a large cumulative asset size, with the market closely monitoring its subsequent trading moves.

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Hackers Attack Kenya's Presidential Official Website, Demand 5 Bitcoin Ransom

Kenya's government is investigating the hacking incident targeting President William Ruto's official website. On July 18, attackers briefly altered the president's official site page and demanded a ransom of 5 BTC, threatening to leak undisclosed data if not paid. Kenya's Cabinet Secretary for Information, Communication and Digital Economy stated that the government has activated its cybersecurity response mechanism and is conducting a forensic investigation in collaboration with relevant agencies. There is currently no evidence indicating unauthorized access to or leakage of sensitive data, and government digital services remain operational.

4 hours ago

Bitcoin mining firm LM Funding rebrands as PowerCompute, shifting focus to AI computing power infrastructure.

Bitcoin mining company LM Funding America (NASDAQ: LMFA) announced it will rebrand to PowerCompute Inc. and adopt a new stock ticker "PWCM" effective July 22. The company stated that the rename marks its strategic transformation, as it leverages its existing 26 megawatts (MW) of owned power infrastructure to expand into high-performance computing (HPC) and artificial intelligence (AI) infrastructure businesses. Currently, the firm operates two facilities in Oklahoma and Mississippi, U.S., with 26 MW of power capacity, and plans to provide infrastructure services to AI computing clients. It will also continue holding Bitcoin assets as part of its balance sheet.

4 hours ago

U.S. Strategic Petroleum Reserve stocks have fallen to their lowest level since 1983.

U.S. Strategic Petroleum Reserve (SPR) crude oil inventories fell by approximately 5.1 million barrels last week, dropping to 311.4 million barrels, the lowest level since 1983.

4 hours ago

Morgan Stanley: As memory shortage intensifies, DRAM prices may rise by at least 25% quarter-on-quarter in the third quarter.

Morgan Stanley analyst Joseph Moore noted that following discussions with multiple data center procurement personnel last week, the current tight memory supply shows no signs of easing. DRAM and other memory products are expected to rise by at least 25% on a comparable basis from the second quarter to the third quarter, a figure higher than previous forecasts from Morgan Stanley and third-party institutions. Moore added that the memory shortage could further deteriorate in 2027 and 2028, as AI demand is consuming massive DRAM capacity, squeezing supplies for other sectors such as PCs and smartphones. Morgan Stanley further holds that the current market is not only grappling with surging memory demand driven by AI, but insufficient memory supply itself is emerging as a key bottleneck limiting AI expansion.

4 hours ago

The US military said it has forced seven commercial vessels to divert course and disabled one to restrict access to Iranian ports.

U.S. Central Command said that as of July 20, U.S. military forces have forced seven commercial vessels to alter their routes and disabled one merchant ship to prevent vessels from entering or leaving Iranian ports. (Jinshi)

4 hours ago

Key Takeaways Lenovo tops Dell, with price appreciation, valuation and analyst sentiment giving it the edge.Lenovo's $21B-plus AI server pipeline and enterprise AI expansion support long-term growth.Dell raised fiscal 2027 revenue guidance to $165-$169B and expects about $60B in AI server revenues. The microcomputer space is being driven by AI-enabled PCs, enterprise device refresh cycles, and the growing adoption of hybrid work. Rising demand for high-performance computing, cloud-connected workflows, and enhanced cybersecurity is accelerating hardware upgrades.

Advancements in processors, on-device AI capabilities, and energy-efficient architectures are supporting premiumization, while the approaching end of support for older operating systems is expected to further stimulate commercial PC replacement demand.

Against this backdrop, let’s assess which company offers stronger long-term growth prospects — Lenovo Group (LNVGY - Free Report) or Dell Technologies (DELL - Free Report) . Lenovo Group is a global technology leader with a diversified presence across PCs, enterprise infrastructure and intelligent solutions. Dell Technologies is a leading provider of servers, storage and PCs. It offers secure, integrated solutions that extend from the edge to the core to the cloud.

The Case for LNVGYLenovo Group remains one of the world’s largest PC manufacturers, but its evolution into a diversified technology company is strengthening its long-term growth prospects. Expansion into higher-margin areas such as AI infrastructure, hybrid cloud, enterprise services and AI-enabled devices is reducing its reliance on the cyclical PC market and creating multiple earnings drivers.

The Intelligent Devices Group remains a dependable cash generator, supported by commercial PC replacement cycles, premium-device demand and growing AI PC adoption. Meanwhile, the Infrastructure Solutions Group is becoming an important growth engine as demand rises for AI servers, data-center infrastructure and high-performance computing. An AI server pipeline exceeding $21 billion provides strong revenue visibility.

Lenovo is also expanding its enterprise AI capabilities. Its Hybrid AI Advantage solutions, developed with NVIDIA, help enterprises deploy scalable, real-time AI inferencing across cloud and on-premise environments. The acquisition of Infinidat further strengthens Lenovo’s high-end enterprise storage portfolio, creating opportunities for revenue growth and margin improvement.

The company’s broad presence across Asia, Europe and the Americas limits dependence on any single region, while established relationships with enterprises, governments and channel partners reinforce its competitive position.

As Lenovo works toward becoming a full-stack AI leader, continued investment in Personal AI and Enterprise AI should support sustainable growth. Disciplined cost control, healthy cash generation, a prudent balance sheet and consistent dividend payments also position the company to fund innovation while delivering long-term shareholder value.

The Case for DELLDell benefits from a diversified portfolio spanning servers, storage, networking, PCs, and IT services, providing resilience across business cycles. Dell Technologies is seeing demand for AI servers stay ahead of supply as customers accelerate deployments and lock in capacity. A key growth driver is Dell's position as a leading supplier of AI-optimized servers, supported by demand for accelerated computing and partnerships with major semiconductor providers.

Dell’s expanding ecosystem supports a fuller stack for customers that who want to run AI on infrastructure they control. Management highlighted partners including NVIDIA, Google Cloud, OpenAI, ServiceNow, Palantir, Mistral and CrowdStrike, alongside collaboration on validated designs and software integration. As enterprises continue investing in AI infrastructure, Dell is well-positioned to capture incremental market share through its end-to-end solutions and global customer relationships.

The company's large installed enterprise customer base creates recurring opportunities for hardware refreshes, storage expansion, and lifecycle services. While the PC business remains cyclical, it provides scale and distribution advantages, with potential upside from commercial PC replacement cycles and AI-enabled devices.

Management raised fiscal 2027 revenue guidance to $165-$169 billion and lifted expected AI server revenues to about $60 billion. As Dell continues to prioritize margin rate expansion, it is prudently managing expenses.

Dell generates robust free cash flow, enabling consistent debt reduction, share repurchases, and dividend growth. Its disciplined capital allocation and improved balance sheet enhance shareholder returns while maintaining financial flexibility.

Estimates for LNVGY and DELL    The Zacks Consensus Estimate for LNVGY’s fiscal 2027 and 2028 revenues implies a 13% and 11.3% year-over-year increase, respectively. EPS estimates for fiscal 2027 and 2028 imply a 20.5% and 19.2% year-over-year increase, respectively. EPS estimates for 2026 and 2027 have moved up 30.5% and 18.9%, respectively, in the past 30 days.
 

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for DELL’s fiscal 2027 and 2028 revenues implies a 57.3% and 9.3% year-over-year increase, respectively. EPS estimates for 2026 and 2027 indicate an 82.5% and a 21.1% year-over-year increase, respectively. EPS estimates for 2026 and 2027 have moved up 0.8% and 1.4%, respectively, in the past 30 days.

Image Source: Zacks Investment Research

Both carry a Growth Score of A.

Price Performance of LNVGY and DELLLNVGY shares have gained 98.4% in the past three months, while DELL shares have gained 86.6% in the same time. 
 

Image Source: Zacks Investment Research

Are LNVGY and DELL Shares Expensive?LNVGY is trading at a forward 12-month price-to-sales multiple of 0.35, higher than its median of 0.19 over the past five years. DELL’s forward 12-month price-to-earnings multiple sits at 1.43, slightly higher than its median of 0.64 over the past five years.

While Lenovo has a Value Score of A, Dell carries a Value Score of C.

Image Source: Zacks Investment Research

ConclusionLenovo Group presents an attractive investment opportunity, supported by its leading position in the global PC market, growing AI-related demand and improving profitability. Management targets $100 billion in revenues within two years, driven by operational efficiency and sustained innovation across Personal AI and Enterprise AI.

Dell is well-positioned to benefit from sustained AI-driven demand, a strong competitive standing, solid cash flow generation and long-term investment in digital infrastructure.

Both stocks sport a Zacks Rank #1 (Strong Buy) and have a VGM Score of A. Price appreciation, valuation, and analyst sentiment give Lenovo an edge over Dell.  You can see the complete list of today’s Zacks #1 Rank stocks here.

, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Zoetis Inc. (NYSE: ZTS) between January 14, 2025 and May 6, 2026, inclusive (the "Class Period"), of the important July 27, 2026 lead plaintiff deadline.

So What: If you purchased Zoetis 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 Zoetis class action, go to https://rosenlegal.com/cases/zoetis-inc/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 July 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 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 false and/or misleading statements and touted growing market share, strong veterinarian adoption, and accelerating sales growth across Zoetis' flagship Companion Animal products and/or failed to disclose that: (1) veterinarian prescription growth and adoption of Zoetis' Librela, a canine pain treatment, were sharply weakening as clinicians became more cautious following FDA safety warnings concerning serious neurological complications in dogs; (2) Zoetis' Simparica Trio was losing significant market share to a lower priced competing canine parasiticide with broader indicated use in a slowing overall market; and (3) Zoetis' dermatology products, Apoquel and Cytopoint, were losing substantial market share to a newly launched competing canine treatment. When the true details entered the market, the lawsuit claims that investors suffered damages. 

To join the Zoetis class action, go to https://rosenlegal.com/cases/zoetis-inc/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.

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SOURCE THE ROSEN LAW FIRM, P. A.

ToplineA federal judge temporarily blocked Paramount Skydance’s planned merger with Warner Bros. Discovery on Monday, saying states had raised “serious questions” about whether the deal violates antitrust law—a potentially costly early signal for Paramount, as the company faces billions of dollars in payments if the deal either continues getting delayed or ultimately falls through.

The Paramount Pictures logo is displayed on a water tower in Los Angeles, California, on February 17.

NurPhoto via Getty Images

Key FactsJudge Araceli Martinez-Olguin issued a temporary restraining order Monday that bars Paramount from moving forward with the merger for two weeks, before deciding whether to issue a more lasting order that pauses the deal indefinitely while the litigation moves forward.

Paramount and Warner Bros. are trying to move forward with a $110 billion merger that has faced widespread pushback for allegedly unfairly restricting competition in the entertainment industry, and the ruling came in response to a lawsuit brought against the media company by a coalition of 12 Democratic state attorneys general.

While Martinez-Olguin did not rule Monday on whether Paramount’s deal is lawful, the judge signaled she’s skeptical of the deal, writing the states “make a strong showing that the Transaction will substantially lessen competition” and “raised serious questions about the merits of their antitrust claim.”

The judge’s ruling doesn’t immediately impact Paramount, beyond barring it from closing the deal for the next two weeks, but signals Martinez-Olguin could be inclined to delay the deal indefinitely or kill it entirely, which would prove costly for the media giant.

Under the terms of its deal with Warner Bros, Paramount has to pay a $0.25 per day “ticking fee” per share to Warner Bros. shareholders if the deal doesn’t close by Sept. 30—which would amount to $650 million per quarter or $7 million per day—and has also agreed to pay a $7 billion termination fee if the deal falls through due to regulatory issues.

Paramount said in a statement Monday it was “grateful” for how swiftly the judge issued the order in the case, and said it is “confident the evidence will demonstrate that the State AGs' antitrust arguments are without merit.”

CHIEF CRITIC“This merger is lawful, pro-competitive, and will benefit consumers, creators, workers, and the entertainment industry,” Paramount said. “We will continue to vigorously defend the transaction and will look forward to the hearings on the substance of the State AGs’ action.”

What to Watch forMartinez-Olguin scheduled a hearing for Aug. 3 on whether she should issue a more lasting order to pause the Paramount-Warner Bros. deal. That order could keep the merger on pause indefinitely while the litigation moves forward, which means it could be paused for years, unless an appeals court overrules her.

Crucial QuoteMartinez-Olguin noted in her ruling Monday her temporary order won’t cause Paramount any financial harm for now—but also suggested she isn’t sympathetic to its arguments about how much the delay could cost it. “Even if Defendants argued that they would suffer economic harm as a result of delaying the merger, the equities do not weigh in their favor when contrasted with the potential public harms that would result from consummation of the Transaction, including the loss of competition,” the judge wrote.

Big Number$6 billion. That’s how much Paramount has estimated it and Warner Bros. will save by combining their assets through the merger, Reuters notes, further adding to the costs the company will suffer if the deal doesn’t go through.

Key BackgroundThe states’ litigation is one of several pending lawsuits against Paramount over its planned merger, which was announced in February after Netflix backed off its effort to acquire Warner Bros. and said it couldn’t match Paramount’s bid. Paramount+ subscribers have also sued over the deal, arguing the lack of competition could raise prices for subscribers, and the Writers Guild of America filed suit last week. The union argues the deal could harm film and television writers by reducing competition in the industry and giving writers less options of who they can work for, arguing in a statement a potential merger would mean “writers will be paid less and have fewer employment opportunities.” Paramount has defended the deal amid the widespread criticism and alleged it would actually be “pro-competitive,” as Paramount and Warner Bros.’ new joint entity would be better equipped to compete with other media giants like Netflix, Apple and Disney. States sued Paramount in an effort to block the merger after the federal government cleared it in June, with the Justice Department concluding the deal was “not likely to result in harm to competition or American consumers.” The Trump administration’s approval of the deal has raised concerns, given Paramount CEO David Ellison’s ties to the president. Ellison and father Larry Ellison face a lawsuit from a Paramount investor over their alleged side dealings with the government to get the merger approved, which Paramount has strongly denied.

Further Reading California And Other States Challenge Massive Paramount-Warner Bros. Merger In New Lawsuit (Forbes)

Justice Department Greenlights Paramount-Warner Bros Merger With No Conditions (Forbes)

What The Paramount-Warner Bros. Merger Means For Larry Ellison’s Fortune (Forbes)

BALTIMORE--(BUSINESS WIRE)--Medifast (NYSE: MED), the metabolic health and wellness company known for its science-backed comprehensive metabolic health system, Trilivy, will announce financial results for the quarter ended June 30, 2026 on Monday, August 3, 2026, after market close. The Company will host a conference call to discuss the results with additional comments and details. Company participants will be Nick Johnson, Chief Executive Officer, and Jim Maloney, Chief Financial Officer. The.

, /PRNewswire/ -- 

Second Quarter 2026 Performance Highlights:

Record steel shipments of 3.7 million tons Continued commissioning and increased production from aluminum flat rolled sheet operations   Net sales of $6.1 billion, operating income of $700 million, and net income of $534 million Adjusted EBITDA of $921 million and cash flow from operations of $428 million Share repurchases of $200 million of the company's common stock Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced second quarter 2026 financial results. The company reported second quarter 2026 net sales of $6.1 billion and net income of $534 million, or $3.69 per diluted share which was reduced by a $16 million non-cash asset impairment charge related to the decision to relocate the company's planned second satellite aluminum recycled slab center from Arizona to Columbus, Mississippi. Comparatively, the company's sequential first quarter 2026 net income was $403 million, or $2.78 per diluted share and prior year second quarter net income was $299 million, or $2.01 per diluted share.

"During the second quarter 2026 steel pricing continued to improve resulting in strong performance across our steel platform, driving a sequential quarterly increase in consolidated operating income of $162 million, or 30 percent," said Mark D. Millett, Chairman and Chief Executive Officer. "Our metals recycling, steel fabrication, and aluminum teams also had a solid performance. Our three-year after-tax return-on-invested capital of 13 percent is a testament to our ongoing high-return capital allocation execution. We are growing, returning capital to shareholders, and maintaining strong returns with best-in-class performance compared to domestic manufacturers.

"Steel fundamentals continued to strengthen during the second quarter, as pricing improved, demand remained solid, and customer inventory levels declined, remaining lower than historical norms," said Millett. "Steel backlogs and lead times have also extended. Additionally, value-added flat-rolled steel spreads expanded in the quarter. We continue to see an improved steel market environment, supported by domestic trade actions, manufacturing reshoring, infrastructure program funding, and the increasing regionalization of supply chains within the United States. Long-product steel demand remains extremely strong, particularly for structural steel and railroad rail. We believe sustained demand across our platforms, combined with favorable market conditions, positions us well moving forward.

"The aluminum team continues to make strong progress on the commissioning and startup of our aluminum flat-rolled sheet products mill located in Columbus, Mississippi," continued Millett. "The team is already providing high-quality products for the industrial, beverage, and automotive markets, with continued customer qualifications currently underway. We recently received qualifications to supply products for automotive applications, with expectations for automotive sales to commence before the end of 2026. Simultaneously, the team has finished construction and commenced commissioning of the third and final cold mill in July, which will allow for the full 650,000-metric-ton capacity. Together with our broader investment initiatives across the company, aluminum represents an exciting avenue for continued growth and value creation."   

Second Quarter 2026 Comments

Second quarter 2026 operating income for the company's steel operations was $721 million, or 30 percent higher than sequential first quarter results, due to record shipments and metal spread expansion across the platform, as steel pricing increased more than ferrous scrap costs. The second quarter 2026 average external product selling price for the company's steel operations increased $105 sequentially to $1,298 per ton. The average ferrous scrap cost per ton melted at the company's steel mills increased $16 sequentially to $412 per ton. The energy, non-residential construction, automotive, industrial, and agricultural sectors led steel demand in the quarter.

Compared to sequential first quarter results, second quarter 2026 operating income from the company's metals recycling operations remained steady at $48 million, supported by higher volumes as pricing decreased in the quarter. Scrap flows seasonally improved in the second quarter, resulting in ample supply as domestic steel mills increased utilization.

The company's steel fabrication operations generated operating income of $85 million in the second quarter 2026, in line with first quarter results of $90 million, as increased shipments and steady pricing were offset by higher steel raw material input costs. Customer order activity has continued to strengthen since the end of 2025, with the order backlog now nearly 45 percent higher than a year ago and extending into the first quarter 2027. Demand improved across several key end markets, including commercial construction, data centers, manufacturing, warehousing, and healthcare. In addition, accelerating announcements of significant domestic manufacturing investments and increased reshoring activity, coupled with funding from the U.S. infrastructure program, are expected to provide meaningful support for demand across our product portfolio, including steel joists and deck products, as well as flat-rolled and long-product steel.

Second quarter 2026 operating losses associated with the continued startup of the company's aluminum operations were $33 million, or a 48 percent improvement compared to sequential first quarter results. There was also an additional non-cash impairment charge of $16 million in the second quarter, related to the relocation of the planned second satellite aluminum recycled slab center. Aluminum flat rolled sheet product shipments increased to 53,000 metric tons in the second quarter 2026, while hot band production increased to 84,000 metric tons. The company expects volumes and profitability from its aluminum operations to increase sharply in the second half 2026 and for full year 2027, as startup costs subside, utilization and yields improve, and scrap content increases. Demand for aluminum flat-rolled sheet products across the company's consumer sectors remains strong, with the supply deficit growing.

The company generated cash flow from operations of $428 million during the second quarter 2026. Working capital, excluding income taxes increased $225 million in the second quarter, as product pricing and demand improved across the business and the aluminum operations continued to ramp. The company also invested $124 million in capital investments, paid cash dividends of $77 million, and repurchased $200 million of its outstanding common stock, while maintaining strong liquidity of $2.0 billion as of June 30, 2026.

Year-to-Date June 30, 2026 Comparison

For the six months ended June 30, 2026, net income was $938 million, or $6.47 per diluted share, with net sales of $11.3 billion, as compared to net income of $516 million, or $3.44 per diluted share, with net sales of $8.9 billion for the same period in 2025.

First half 2026 operating income increased 88 percent to $1.2 billion, when compared to the same period in 2025. Increased earnings were primarily the result of higher realized pricing and shipments in the company's steel operations.  First half 2026 operating income from the company's steel operations was $1.3 billion, compared to $612 million for the same prior year period. The average first half 2026 external selling price for the company's steel operations increased $183 to $1,247 per ton compared to the same prior year period, and the average ferrous scrap cost per ton melted at the company's steel mills increased $7 to $404 per ton.  First half 2026 operating income from the company's steel fabrication operations was $174 million, compared to $210 million in the same prior year period, due to a decrease in average pricing of $100 per ton combined with higher steel raw material input costs of $95 per ton. First half 2026 operating income from the company's metals recycling operations was $95 million, compared to $47 million in the same prior year period, due to improved metal spreads and increased shipments.

Based on the company's differentiated business model and highly variable cost structure, the company achieved cash flow from operations of $576 million in the first half 2026. The company also invested $262 million in capital investments, paid cash dividends of $149 million, and repurchased $315 million of its outstanding common stock, representing one percent of its outstanding shares, while maintaining liquidity of $2.0 billion.

Outlook   

"We remain confident that market conditions are in place to support strong domestic steel and aluminum consumption through the remainder of 2026 and into 2027," said Millett. "Customer sentiment, order entry activity, and pricing have continued to improve across our businesses. In addition, discussions with our customers further underscore the growing importance of lower-carbon, domestically produced steel and aluminum products, positioning our operations with a sustainable long-term competitive advantage.

As the impact of unfair trade practices continues to diminish, policy clarity improves, and U.S. manufacturing investment expands, we believe the foundation is in place for a favorable market environment and sustained demand growth.

"The aluminum team continues to make progress commissioning our aluminum flat rolled products mill, as well as our San Luis Potosi, Mexico satellite recycled aluminum slab center. Two of the three cold mills are now operational, and the third cold mill is currently being commissioned, with expectations to begin transitioning to commercial operations in August. Additionally, the first of two Continuous Annealing and Solution Heat (CASH) lines, which support the production of finished automotive products, is operating and shipping material for customer qualification. The second CASH line is also expected to begin material qualifications in the fourth quarter 2026.

"We have intentionally aligned our growth strategy with our customers' evolving needs, with a focus on product excellence, supply chain efficiency, and sustainability. Building on our strong positions in steel, we are expanding into high-recycled-content aluminum sheet products to serve deficit adjacent markets where customer demand continues to accelerate. This opportunity spans the resilient beverage can and packaging market and extends to automotive, industrial, and construction applications. Supported by our performance-driven culture and proven ability to develop and operate low-cost, high-margin manufacturing assets, we believe we are well positioned to create attractive long-term value through this expansion. As demand for domestically produced, lower-carbon materials continue to grow, our strategic investments in aluminum will complement our existing steel platforms and strengthen our ability to serve customers across a broader range of end markets.

"Our commitment is to the health and safety of our teams, families, and communities, while meeting the current and future needs of our customers. Our culture and business model continues to positively differentiate our performance from the rest of the industry. We continue to focus on delivering superior value to our team members, customers, and shareholders," concluded Millett.

Conference Call and Webcast

Steel Dynamics, Inc. will hold a conference call to discuss second quarter 2026 operating and financial results on Tuesday, July 21, 2026, at 11:00 a.m. Eastern Daylight Time. You may access the call and find dial-in information on the Investors section of the company's website at www.steeldynamics.com.  A replay of the call will be available on our website until 11:59 p.m. Eastern Daylight Time on July 30, 2026.

About Steel Dynamics, Inc.

Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers in North America, combined with a meaningful downstream steel fabrication platform. The company has also recently added aluminum operations, further diversifying its product offerings to supply aluminum flat rolled products with higher recycled content to the countercyclical sustainable beverage can industry, in addition to the automotive and industrial sectors. Steel Dynamics is committed to operating with the highest integrity and to being the safest, most efficient producer of high-quality, broadly diversified, value-added metal products.

Note Regarding Financial Metrics

The company believes that after-tax return-on-invested capital (After-tax ROIC) provides an indication of the effectiveness of the company's invested capital and is calculated as follows:             

After-tax ROIC =

Net Income Attributable to Steel Dynamics, Inc.

(Quarterly Average Current Maturities of Long-term Debt + Long-term Debt + Total Equity)

Note Regarding Non-GAAP Financial Measures

The company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). Management believes that the non-GAAP financial measures EBITDA and Adjusted EBITDA provide additional meaningful information regarding the company's performance and financial strength. Non-GAAP financial measures should be viewed in addition to and not as an alternative for the company's reported results prepared in accordance with GAAP. In addition, not all companies use identical calculations for EBITDA or Adjusted EBITDA; therefore, EBITDA and Adjusted EBITDA included in this release may not be comparable to similarly titled measures of other companies.

Forward-Looking Statements

This press release contains some predictive statements about future events, including statements related to conditions in domestic or global economies, conditions in steel, aluminum, and recycled metals marketplaces, Steel Dynamics' revenues, costs of purchased materials, future profitability and earnings, and the operation of new, existing or planned facilities. These statements, which we generally precede or accompany by such typical conditional words as "anticipate", "intend", "believe", "estimate", "plan", "seek", "project", or "expect", or by the words "may", "will", or "should", are intended to be made as "forward-looking", subject to many risks and uncertainties, within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These statements speak only as of this date and are based upon information and assumptions, which we consider reasonable as of this date, concerning our businesses and the environments in which they operate. Such predictive statements are not guarantees of future performance, and we undertake no duty to update or revise any such statements. Some factors that could cause such forward-looking statements to turn out differently than anticipated include: (1) domestic and global economic factors; (2) global steelmaking overcapacity and imports of steel, together with increased scrap prices; (3) the cyclical nature of the metals industries and the industries we serve; (4) volatility and major fluctuations in prices and availability of scrap metal, scrap substitutes and supplies, and our potential inability to pass higher costs on to our customers; (5) cost and availability of electricity, natural gas, oil, and other energy resources are subject to volatile market conditions; (6) increased environmental, greenhouse gas emissions and sustainability considerations from our customers and investors or related regulations; (7) compliance with and changes in environmental and remediation requirements; (8) significant price and other forms of competition from other steel and aluminum producers, scrap processors and alternative materials; (9) availability of an adequate source of supply of scrap for our metals recycling operations; (10) cybersecurity threats and risks to the security of our sensitive data and information technology; (11) the implementation of our growth strategy; (12) our ability to retain, develop and attract key personnel; (13) litigation and legal compliance; (14) unexpected equipment downtime or shutdowns; (15) difficulties in the launch or production ramp-up of new products; (16) our aluminum operations depend on a core group of significant customers; (17) governmental agencies may refuse to grant or renew some of our licenses and permits; (18) our existing debt agreements contain, and any future financing agreements may contain, restrictive covenants that may limit our flexibility; and (19) the impacts of impairment charges.

More specifically, we refer you to our more detailed explanation of these and other factors and risks that may cause such predictive statements to turn out differently, as set forth in our most recent Annual Report on Form 10-K under the headings Special Note Regarding Forward-Looking Statements and Risk Factors, in our Quarterly Reports on Form 10-Q, or in other reports which we file with the Securities and Exchange Commission. These reports are available publicly on the Securities and Exchange Commission website, www.sec.gov, and on our website, www.steeldynamics.com under "Investors – SEC Filings."

Steel Dynamics, Inc.
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

(in thousands, except per share data)

Three Months Ended

Six Months Ended

Three Months

June 30,

June 30,

Ended

2026

2025

2026

2025

March 31, 2026

Net sales

$

6,091,557

$

4,565,123

$

11,296,415

$

8,934,318

$

5,204,858

Costs of goods sold

5,132,583

3,946,655

9,574,218

7,829,306

4,441,635

      Gross profit

958,974

618,468

1,722,197

1,105,012

763,223

Selling, general and administrative expenses

193,451

198,010

368,671

379,818

175,220

Profit sharing

57,314

30,706

99,512

53,401

42,198

Amortization of intangible assets

7,730

6,897

15,531

13,794

7,801

      Operating income

700,479

382,855

1,238,483

657,999

538,004

Interest expense, net of capitalized interest

39,120

17,381

72,361

29,512

33,241

Other income, net

(22,105)

(22,392)

(30,555)

(40,033)

(8,450)

      Income before income taxes

683,464

387,866

1,196,677

668,520

513,213

Income tax expense

152,679

86,675

265,787

149,650

113,108

      Net income

530,785

301,191

930,890

518,870

400,105

Net loss (income) attributable to noncontrolling interests

3,302

(2,465)

6,633

(2,993)

3,331

      Net income attributable to Steel Dynamics, Inc.

$

534,087

$

298,726

$

937,523

$

515,877

$

403,436

Basic earnings per share attributable to

   Steel Dynamics, Inc. stockholders

$

3.71

$

2.01

$

6.49

$

3.45

$

2.79

Weighted average common shares outstanding

143,997

148,387

144,397

149,325

144,797

Diluted earnings per share attributable to

   Steel Dynamics, Inc. stockholders, including the

   effect of assumed conversions when dilutive

$

3.69

$

2.01

$

6.47

$

3.44

$

2.78

Weighted average common shares

   and share equivalents outstanding

144,591

148,960

144,956

149,885

145,321

Dividends declared per share

$

0.53

$

0.50

$

1.06

$

1.00

$

0.53

Steel Dynamics, Inc.

CONSOLIDATED BALANCE SHEETS

(in thousands)

June 30,

December 31,

Assets

2026

2025

(unaudited)

Current assets

   Cash and equivalents

$

567,708

$

769,878

   Accounts receivable, net

2,442,938

1,682,660

   Inventories

3,955,621

3,738,516

   Other current assets

314,768

293,117

      Total current assets

7,281,035

6,484,171

Property, plant and equipment, net

8,491,771

8,569,466

Intangible assets, net

315,759

331,290

Goodwill

477,471

477,471

Other assets

547,363

557,382

      Total assets

$

17,113,399

$

16,419,780

Liabilities and Equity

Current liabilities

   Accounts payable

$

1,483,566

$

1,231,358

   Income taxes payable

32,345

67,315

   Accrued expenses

770,063

788,926

   Current maturities of long-term debt

1,332

34,655

      Total current liabilities

2,287,306

2,122,254

Long-term debt

4,180,810

4,176,508

Deferred income taxes

1,070,817

1,004,375

Other liabilities

211,395

186,232

      Total liabilities

7,750,328

7,489,369

Commitments and contingencies

Redeemable noncontrolling interests

143,259

141,226

Equity

   Common stock

653

653

   Treasury stock, at cost

(8,287,758)

(7,980,549)

   Additional paid-in capital

1,229,734

1,248,634

   Retained earnings

16,473,691

15,689,042

   Accumulated other comprehensive income (loss)

3,212

(598)

      Total Steel Dynamics, Inc. equity

9,419,532

8,957,182

   Noncontrolling interests

(199,720)

(167,997)

      Total equity

9,219,812

8,789,185

      Total liabilities and equity

$

17,113,399

$

16,419,780

Steel Dynamics, Inc.

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(in thousands)

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Operating activities:

   Net income

$

530,785

$

301,191

$

930,890

$

518,870

   Adjustments to reconcile net income to net cash provided by

      operating activities:

      Depreciation and amortization

173,922

132,865

333,202

266,621

      Equity-based compensation

14,162

14,063

31,613

31,103

      Deferred income taxes

29,978

39,129

62,647

55,378

      Other adjustments

14,431

(890)

12,138

(5,085)

      Changes in certain assets and liabilities:

         Accounts receivable

(386,504)

19,825

(760,278)

(283,777)

         Inventories

(48,843)

(163,417)

(223,270)

(149,607)

         Other assets

(23,468)

7,789

(2,467)

(24,326)

         Accounts payable

107,310

(5,267)

264,215

243,333

         Income taxes receivable/payable

(109,889)

(82,710)

(35,457)

(39,895)

         Accrued expenses

126,052

39,033

(36,981)

(158,401)

      Net cash provided by operating activities

427,936

301,611

576,252

454,214

Investing activities:

   Purchases of property, plant and equipment

(123,842)

(288,331)

(261,821)

(593,837)

   Purchases of short-term investments

-

(29,571)

-

(39,571)

   Proceeds from maturities of short-term investments

-

9,614

-

147,425

   Other investing activities

5,805

2,592

4,718

1,528

      Net cash used in investing activities

(118,037)

(305,696)

(257,103)

(484,455)

Financing activities:

   Issuance of current and long-term debt

695,091

484,278

1,294,560

1,890,221

   Repayment of current and long-term debt

(716,223)

(902,605)

(1,328,582)

(1,335,132)

   Dividends paid

(76,555)

(74,690)

(149,025)

(144,204)

   Purchase of treasury stock

(200,288)

(200,048)

(315,375)

(450,186)

   Other financing activities

(697)

(31,718)

(23,009)

(62,187)

      Net cash used in financing activities

(298,672)

(724,783)

(521,431)

(101,488)

Increase (decrease) in cash, cash equivalents, and restricted cash

11,227

(728,868)

(202,282)

(131,729)

Cash, cash equivalents, and restricted cash at beginning of period

561,763

1,192,149

775,272

595,010

Cash, cash equivalents, and restricted cash at end of period

$

572,990

$

463,281

$

572,990

$

463,281

Supplemental disclosure information:

   Cash paid for interest

$

67,149

$

34,737

$

93,149

$

63,214

   Cash paid for income taxes, net

$

231,062

$

124,753

$

235,553

$

128,470

Steel Dynamics, Inc.

SUPPLEMENTAL INFORMATION (UNAUDITED)

(dollars in thousands)

Second Quarter

YTD

2026

2025

2026

2025

1Q 2026

External Net Sales

   Steel

$

4,005,510

$

3,275,551

$

7,544,253

$

6,342,567

$

3,538,743

   Steel Fabrication

393,805

340,648

749,238

692,955

355,433

   Metals Recycling

653,765

522,721

1,246,948

1,057,616

593,183

   Aluminum

497,867

65,632

725,260

132,208

227,393

   Other

540,610

360,571

1,030,716

708,972

490,106

Consolidated Net Sales

$

6,091,557

$

4,565,123

$

11,296,415

$

8,934,318

$

5,204,858

Operating Income (Loss)

   Steel

$

720,918

$

382,196

$

1,277,482

$

612,159

$

556,564

   Steel Fabrication

84,593

93,115

174,107

209,860

89,514

   Metals Recycling

47,816

21,290

95,283

47,000

47,467

   Aluminum

(33,380)

(40,627)

(97,972)

(69,362)

(64,592)

819,947

455,974

1,448,900

799,657

628,953

   Non-cash amortization of intangible assets

(7,730)

(6,897)

(15,531)

(13,794)

(7,801)

   Profit sharing expense

(57,314)

(30,706)

(99,512)

(53,401)

(42,198)

   Non-segment operations

(37,946)

(35,516)

(78,896)

(74,463)

(40,950)

   Non-cash asset impairment charges

(16,478)

-

(16,478)

-

-

Consolidated Operating Income

$

700,479

$

382,855

$

1,238,483

$

657,999

$

538,004

Adjusted EBITDA

      Net income

$

530,785

$

301,191

$

930,890

$

518,870

$

400,105

      Income taxes

152,679

86,675

265,787

149,650

113,108

      Net interest expense

33,179

7,025

59,232

9,341

26,053

      Depreciation

163,901

124,003

313,095

249,125

149,194

      Amortization of intangible assets

7,730

6,897

15,531

13,794

7,801

 EBITDA

888,274

525,791

1,584,535

940,780

696,261

      Non-cash adjustments

         Unrealized (gains) losses on derivatives

         and currency remeasurement

1,559

(6,197)

(10,035)

12,956

(11,594)

         Equity-based compensation

14,208

13,819

29,438

28,000

15,230

         Asset impairment charges

16,478

-

16,478

-

-

Adjusted EBITDA

$

920,519

$

533,413

$

1,620,416

$

981,736

$

699,897

Other Operating Information

   Steel

      Average external sales price (Per ton)

$

1,298

$

1,134

$

1,247

$

1,064

$

1,193

      Average ferrous cost (Per ton Melted)

$

412

$

408

$

404

$

397

$

396

      Flat Roll shipments

         Butler, Columbus, and Sinton

2,026,079

1,952,228

4,037,522

4,071,415

2,011,443

         Steel Processing divisions *

717,837

479,102

1,404,277

971,729

686,440

      Long Product shipments

         Structural and Rail Division

510,322

468,827

1,001,293

906,225

490,971

         Engineered Bar Products Division

213,220

190,612

407,242

382,270

194,022

         Roanoke Bar Division

175,792

151,828

343,629

296,014

167,837

         Steel of West Virginia

98,090

107,201

186,245

203,684

88,155

Total Shipments (Tons)

3,741,340

3,349,798

7,380,208

6,831,337

3,638,868

External Shipments (Tons)

3,085,372

2,888,916

6,051,496

5,960,651

2,966,124

Steel Mill Production (Tons)

2,974,075

2,949,936

6,013,442

5,971,529

3,039,367

   Metals Recycling

      Nonferrous shipments (000's of pounds)

211,050

245,577

408,435

478,657

197,385

      Ferrous shipments (Gross tons)

1,672,886

1,596,583

3,146,343

3,049,015

1,473,457

         External ferrous shipments (Gross tons)

588,906

545,022

1,142,273

1,102,640

553,367

   Steel Fabrication

      Average sales price (Per ton)

$

2,442

$

2,517

$

2,458

$

2,558

$

2,478

      Shipments (Tons)

161,010

135,347

304,432

270,928

143,422

*   Includes Heartland, The Techs, United Steel Supply, and New Process Steel (beginning December 1, 2025) operations

SOURCE Steel Dynamics, Inc.