Apple Inc.

AAPL Q3 2026

Reported: 2026-08-02

Apple’s shares dropped 8.7% following earnings as investors were likely disappointed by an implied cautious outlook and potential margin pressure despite reported revenue records across multiple categories and geographies.

Key takeaways

Reported revenue of $109.4 billion, up 16% year-over-year, setting a June quarter record.
iPhone revenue grew 22% to $54.3 billion, with gains in every geographic segment and share gains noted.
Mac revenue rose 29% to $10.4 billion, driven by strong demand for MacBook Pro and MacBook Neo despite supply constraints.
Services set a June quarter record at $30.7 billion, contributing to overall growth.
Wearables, home, and accessories revenue increased 6% to $7.9 billion, including a record quarter for Apple Watch upgraders.

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AbbVie Inc.

ABBV Q2 2026

Reported: 2026-08-02

AbbVie's shares declined 2.5% following Q2 earnings despite beatings in revenue and EPS, reflecting investor caution likely tied to ongoing biosimilar erosion in HUMIRA and mixed segment performance that tempered enthusiasm.

Key takeaways

Adjusted EPS came in at $3.65, $0.06 above guidance midpoint, with total net revenues nearly $17 billion, beating expectations by $300 million.
Immunology sales grew 14.6% operationally to $8.8 billion, driven by SKYRIZI’s 24% growth and RINVOQ’s 23.7% growth; however, HUMIRA sales declined 36.1% due to biosimilar competition.
Pipeline progress included FDA approval of Decnapaz and multiple European approvals (QLIPTA, Epkinly, Bowie, RINVOQ in derm conditions) with raised peak sales expectations for new indications.
AbbVie announced acquisition of Apogee Therapeutics to deepen immunology pipeline, signaling focus on sustaining long-term growth.
Despite revenue and earnings beats, the stock’s negative reaction suggests investor concerns around biosimilar impact and potentially cautious outlook on margin pressures or growth sustainability.

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Alnylam Pharmaceuticals, Inc.

ALNY Q2 2026

Reported: 2026-08-02

Alnylam’s shares plunged 28.3% post-earnings as the company lowered its 2026 revenue guidance, disappointing investors with signs of demand normalization and a cautious outlook amid early second-line demand tapering.

Key takeaways

2026 revenue guidance was reduced to reflect normalized demand following an initial surge driven by pent-up second-line patient starts.
AMVUTTRA revenues surpassed $1 billion in Q2, marking an annualized run rate above $4 billion, but growth is shifting heavily towards first-line new patient starts (~80% of category growth).
The company cited competitive headwinds, including the failure of a rival’s cardiovascular outcomes trial, but maintained confidence in its Phase III TRITON-CM study with potential study adaptations under consideration.
Geographic expansion efforts continue, notably a new collaboration targeting the China and Macau markets, contingent on regulatory approval.
Investment in AI-driven discovery and disease identification partnerships underscores a longer-term innovation strategy despite short-term growth challenges.

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Amplifon S.p.A.

AMP.MI Q2 2026

Reported: 2026-08-02

Amplifon's shares rose 4.8% post-earnings, reflecting stronger-than-expected organic growth and margin expansion across all regions, supported by disciplined portfolio optimization and successful Fit4Growth execution.

Key takeaways

Organic revenue growth accelerated to 4.7% in Q2, well above the estimated 2.5%-3% global market growth.
Adjusted EBITDA margin improved by 90 basis points year-over-year, driven by operating leverage and cost efficiencies from Fit4Growth.
Fit4Growth negatively impacted revenues by approximately 3.5% due to clinic closures and portfolio pruning, but contributed positively to profitability.
Americas organic growth was a standout at 6%, offsetting negative impacts from managed care agreement termination and FX headwinds.
Free cash flow surged nearly €30 million (+70%) in H1 2026, reinforcing financial flexibility amid ongoing investments in brand and store experience enhancements.

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Amazon.com, Inc.

AMZN Q2 2026

Reported: 2026-08-02

Amazon's shares jumped nearly 20% post-earnings, driven primarily by AWS's accelerating revenue growth of 36.7% year-over-year and record backlog expansion, underscoring strong investor confidence in the company’s cloud and AI-driven growth trajectory.

Key takeaways

Total revenue reached $200.6 billion, up 20% year-over-year; operating income rose 43% to $27.5 billion.
AWS revenue grew 36.7%, marking the fifth consecutive quarter of acceleration and the fastest growth in 18 quarters.
AWS backlog surged to $496 billion, growing triple digits year-over-year, indicating strong demand visibility.
The chips business and AI revenue each surpassed $25 billion in annualized run rates, both growing triple digits year-over-year.
New AI offerings such as Amazon Bedrock Agents and Amazon Q are scaling rapidly, with AI and core workloads driving mutually reinforcing growth.

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Ares Management Corporation

ARES Q2 2026

Reported: 2026-08-02

The stock rose 3.2% following the quarter, reflecting investor approval of ongoing strong fundraising momentum and broad-based AUM growth that translated into solid fee-related earnings gains.

Key takeaways

Assets under management (AUM) increased 17% year-over-year to approximately $671 billion, with fee-paying AUM growing to approximately $410 billion.
Fee-related earnings and realized income rose approximately 20% and over 30%, respectively, driven by scale and fund performance.
Record quarterly fundraising of approximately $36 billion contributed to leading dry powder levels of $170 billion and $114 billion of AUM not yet paying fees.
Fundraising diversification improved with 70% of 2026 capital raised outside the four largest credit fund families, totaling commitments across ~90 funds/vehicles.
Strong demand persisted across credit, infrastructure, and real estate strategies, with key funds hitting or exceeding hard caps and poised for further closes later in the year.

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British American Tobacco p.l.c.

BATS.L Q2 2026

Reported: 2026-08-02

Shares declined 3.6% as investors reacted negatively to a cautious outlook and signs of deceleration, particularly in key segments like heated products and Vapour, despite some growth in New Categories and a disciplined cost focus.

Key takeaways

Group revenue rose 2.9%, with adjusted gross profit up 3.8% and adjusted operating profit increasing 3.5%, but growth is moderating.
New Categories grew 18% overall, led by Modern Oral’s 66% surge, though Vapour revenue showed mixed results with only 5.3% growth in the U.S. contrasted by a 14% decline in AME due to regulatory headwinds.
Heated Products revenue declined nearly 12% globally, notably impacted by competitive pressures and inventory movements in value segments.
Combustible volumes fell 4.7%, partly offset by a 6.8% price/mix improvement; U.S. combustible revenue grew 5% while volume and value share softened amid intensified competition.
Management expects second half growth to moderate, citing non-repeat of favorable inventory effects, stronger comparators, and cautious investment pacing.

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Bloom Energy Corporation

BE Q2 2026

Reported: 2026-08-02

Shares of Bloom Energy fell 13% after the company’s earnings release as investors reacted negatively to a cautious outlook and margin pressure that contrasted with the growth narrative. Despite significant revenue growth, concerns around profitability and segment performance weighed on sentiment.

Key takeaways

Bloom reported its first $1 billion quarter and accelerated revenue growth, aiming to double revenue within a year.
The backlog expanded faster than revenue, driven by new large customers primarily in AI data center markets.
Strong financing partnerships expanded capital commitments to a total of nearly $28 billion, supporting rapid deployment.
Despite growth, evidence of margin compression or cautious commentary on profitability emerged, unsettling investors.
The company highlighted fast permit approvals and community acceptance but offered a tempered outlook that implied potential future challenges.

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Brookfield Renewable Partners L.P.

BEP Q2 2026

Reported: 2026-08-02

Brookfield Renewable’s shares were little changed, up 0.6% after Q2 earnings as solid operational execution and growth initiatives balanced against a cautiously navigated outlook in a complex energy landscape.

Key takeaways

Funds from operations (FFO) reached $421 million, marking a 13% year-over-year increase and $0.62 per unit, up 11% on a per-unit basis.
The company commissioned 1.3 gigawatts of new capacity and signed power purchase agreements for 2.6 gigawatts from its development pipeline.
Growth capital deployment totaled $5 billion, including the recent acquisition of IPA, with $760 million net to Brookfield Renewable Partners (BEP).
Capital recycling efforts are underway, with sales lined up to generate $2.2 billion gross proceeds, or $630 million net to BEP, at returns meeting targets.
While highlighting strong market fundamentals and positioning in renewable and nuclear technologies, management maintained a focus on progressing project execution and navigating ongoing market uncertainties.

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Brookfield Renewable Corporation

BEPC Q2 2026

Reported: 2026-08-02

Brookfield Renewable’s shares were little changed following Q2 results, reflecting a balanced reception to steady financial performance and ongoing growth initiatives without clear upside surprises.

Key takeaways

Fund from operations (FFO) reached $421 million in the quarter, up 13% year-over-year, translating to $0.62 per unit, an 11% increase per unit.
Already delivered $1.444 billion FFO over the past twelve months, growing 14% overall and 11% on a per-unit basis.
Commissioned 1.3 gigawatts of new renewable capacity and signed power purchase agreements totaling 2.6 gigawatts from the development pipeline.
Deployed or committed $5 billion in growth projects, including the acquisition of IPA, while recycling $2.2 billion in assets at or above target returns.
Progress in nuclear via Westinghouse includes a $17.5 billion loan guarantee from the U.S. Department of Energy to support new AP1000 reactors, with seven utilities currently engaged to advance projects.

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Brookfield Infrastructure Partners L.P.

BIP Q2 2026

Reported: 2026-08-02

Shares declined 2.0% following earnings, reflecting investor caution despite steady FFO growth, as asset sales continue to weigh on comparable segment earnings and growth outlook remains mixed.

Key takeaways

Reported FFO of $702 million, or $0.89 per unit, up 10% year-over-year, aligned with long-term growth targets.
Utilities segment FFO rose 5%, helped by inflation-linked rate increases and new acquisitions but tempered by foregone earnings from asset sales in Brazil and Mexico.
Transport segment FFO increased 7%, supported by volume gains and new railcar leasing contributions, offset by last year’s asset sales including Australian and U.K. operations.
Midstream segment saw 17% FFO growth driven by strong utilization and commodity prices, along with contributions from recent U.S. pipeline acquisition.
Data segment FFO grew 36%, reflecting new assets in fiber networks, data centers, and semiconductor foundry partnerships.

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Compania de Minas Buenaventura S.A.A.

BVN Q2 2026

Reported: 2026-08-02

Buenaventura’s shares fell 5% after earnings as investors reacted negatively to ongoing operational challenges and constrained throughput at the San Gabriel ramp-up, which weighed on near-term margin expansion and costs. Despite solid production gains, uncertainty around operational stabilization dampened confidence.

Key takeaways

Consolidated gold production rose 12% YoY to 30.1k ounces, driven by San Gabriel’s initial contribution.
Silver and copper output increased modestly by 2% each, reflecting steady performance at Jumpak and El Brocal.
Financials showed strong revenue growth (+43% YoY to $529 million) and EBITDA from operations jumped 113% to $277 million, with EBITDA margin expanding to 52%.
San Gabriel’s ramp-up faced tailings management and filtration issues limiting throughput and causing elevated unit costs unrepresentative of future operations.
CapEx totaled ~$98 million, focusing on growth projects including San Gabriel, while free cash flow remained strong supported by $118 million in post-quarter dividends from Cerro Verde.

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Clarivate Plc

CLVT Q2 2026

Reported: 2026-08-02

Clarivate's shares plunged 16.2% following the quarter, reflecting investor disappointment mainly due to cautious outlook and ongoing deceleration in the Intellectual Property segment’s growth despite progress in AI initiatives and stable organic ACV growth in other segments.

Key takeaways

Organic ACV growth improved modestly to 1.5% overall, driven by 2% growth in Academia & Government and Life Sciences & Healthcare segments.
Intellectual Property segment’s recurring organic revenue remained flat, with growth only expected in the second half, signaling ongoing challenges.
Profit margin expanded slightly to over 42%, aided by disciplined cost management.
Management announced the divestiture of the Life Sciences & Healthcare segment, aiming to sharpen focus on AI-driven intelligence and simplify the business model.
New AI product launches, including Nexus Connect and IP-1, indicate innovation progress but have yet to reverse investor concerns about near-term growth trajectory.

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CMS Energy Corporation

CMS Q2 2026

Reported: 2026-08-02

CMS Energy's shares were largely unchanged following Q2 results as the company reaffirmed guidance and outlined a strategic shift away from nonutility renewables, signaling a focus on utility-led growth without significant surprises for investors.

Key takeaways

Reaffirmed full-year 2026 adjusted EPS guidance at $3.83 to $3.90, with confidence toward the high end.
Introduced 2027 adjusted EPS guidance of $4.08 to $4.17, maintaining long-term 6% to 8% growth target.
Plan to exit nonutility renewables development, redirecting approximately $1.7 billion of capital away from NorthStar by 2030 to simplify the business and reduce funding needs by over $500 million.
Retained renewable assets will generate stable cash flow with minimal capital expenditure, supporting utility capital investments.
Continued momentum in Michigan large load growth and industrial contracts underpin prospects for sustained rate-based earnings growth.

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CubeSmart

CUBE Q2 2026

Reported: 2026-08-02

CubeSmart's shares were largely unchanged, rising just 0.5% after earnings, reflecting a cautious market reception to modest revenue growth offset by rising expenses and no improvement in net operating income.

Key takeaways

Same-store revenues grew 0.8% year-over-year, improving sequentially from 0.6% in Q1.
Same-store operating expenses rose 4.4%, leading to a 0.7% decline in same-store NOI despite revenue growth.
Full-year same-store revenue growth guidance was modestly raised to 0.5%–1.25%, implying gradual acceleration in the second half.
Capital allocation included the formation of a new joint venture contributing 15 noncore assets, aiming to unlock value while retaining a minority stake.
Occupancy improved slightly to 91.1% as of end July, supported by selective pricing strategies amid continued supply pressure in certain regions.

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Chevron Corporation

CVX Q2 2026

Reported: 2026-08-02

Chevron’s shares ticked up modestly by 2.4%, reflecting a generally steady execution quarter with no significant surprises in guidance or margins, but also no clear catalysts to push the stock higher.

Key takeaways

Reported earnings of $12.1 billion ($6.11 per share), with adjusted earnings at $12 billion ($6.06 per share).
Cash flow from operations (excluding working capital) was nearly $20 billion, with adjusted free cash flow of $15.4 billion.
Production grew by over 200,000 barrels of oil equivalent per day, reaching the second highest quarterly output ever, with record U.S. upstream and refinery throughput.
Structural cost reduction targets of $3 billion annually were achieved six months ahead of schedule, mostly through efficiency gains offsetting inflation.
Year-end CapEx guidance lowered to the low end of the $18-19 billion range; net debt further reduced by more than $8 billion, strengthening the balance sheet.

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EPR Properties

EPR Q2 2026

Reported: 2026-08-02

Shares declined 2.9% as investors appeared unimpressed by margin pressures and cautious commentary around longer-term growth, despite revenue and adjusted FFO per share gains and raised investment guidance.

Key takeaways

Revenue rose 10.1% year-over-year, while adjusted FFO per share increased 12.7%.
Investment activity reached a post-COVID high of over $440 million in Q2, with guidance raised to $600–700 million for 2026.
Portfolio diversification progressed, reducing theater concentration to roughly one-third and adding new experiential assets like Netflix House.
Tenant performance remained stable with 2x coverage and 99% leasing or operations across the portfolio.
Despite positive operational metrics, the stock’s decline suggests investor caution possibly reflecting margin compression or concerns about sustaining growth momentum.

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Eversource Energy

ES Q2 2026

Reported: 2026-08-02

Eversource shares declined 3% after the quarter as investors appeared to weigh a sizable $164 million after-tax charge tied to the Revolution Wind project cost overruns and a cautious outlook shaped by regulatory and construction risks.

Key takeaways

Reported Q2 recurring EPS of $0.87 met management’s expectations.
Recognized a $164 million after-tax charge increasing the contingent liability for Revolution Wind due to construction cost increases and two stop work orders.
Completed the $1.7 billion sale of Aquarion, narrowing focus to core regulated electric and natural gas operations.
Moody’s outlook improved from negative to stable, reflecting progress on balance sheet strength and financial discipline.
Ongoing regulatory uncertainties persist, with appeals underway related to the FERC ROE decision and upcoming Connecticut rate review filing.

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Fluidra, S.A.

FDR.MC Q2 2026

Reported: 2026-08-02

Fluidra's shares inched up 0.8% following a largely in-line first half report with steady sales growth and stable margins. Investor reaction suggests the results neither significantly exceeded nor disappointed expectations amid cautious market conditions.

Key takeaways

Sales increased 5% year-on-year at constant currency, reflecting positive volume and pricing.
Adjusted EBITDA rose 6% over six months, with margins remaining stable year-on-year.
Market backdrop remains challenging with new builds below historical levels, yet the company continued to gain market share.
Strong cash generation enabled further deleveraging and prompted a EUR 40 million share buyback program.
CFO transition underway with new CFO Juan Graham emphasizing alignment on growth and margin expansion priorities.

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Floor & Decor Holdings, Inc.

FND Q2 2026

Reported: 2026-08-02

Floor & Decor shares rose 3.2% following an earnings report that stabilized earnings per share despite a 2.1% decline in comparable store sales, reflecting cautious optimism around operational execution and selective category strength.

Key takeaways

Adjusted EPS held steady at $0.58 year-over-year despite softness in large discretionary flooring projects.
Comparable store sales declined 2.1%, improving sequentially from a 3.7% decline in Q1; July results show continued gradual improvement.
Pros sales grew approximately 4%, comprising 55% of total sales; installation materials, tile, and wood categories outperformed company comps.
Free cash flow enabled $65.7 million in share repurchases, reflecting confidence in capital allocation amidst moderate sales headwinds.
Management highlighted ongoing demand pressure in vinyl flooring due to excess supply, though better-margin premium product penetration increased.

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Federal Realty Investment Trust

FRT Q2 2026

Reported: 2026-08-02

Federal Realty’s Q2 report produced a neutral market reaction with no change in the stock price, reflecting a broadly in-line performance despite record leasing activity and ongoing redevelopment initiatives.

Key takeaways

Net operating income appears stable with 96% occupancy maintained across the portfolio.
Achieved record leasing volume with 124 comparable deals totaling 819,000 square feet and average first-year cash rent up 15% year-over-year.
Significant redevelopment underway at Grossmont Shopping Center with a $56 million investment expected to yield a 10% cash-on-cash return.
Residential pipeline remains on track, with nearly 800 units planned and $27 million of incremental operating income expected once stabilized.
Management highlighted disciplined acquisition efforts and technology-driven leasing efficiencies as growth contributors.

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Grid Dynamics Holdings, Inc.

GDYN Q2 2026

Reported: 2026-08-02

The stock edged up modestly by 1.3% after earnings, reflecting a steady quarter that delivered revenue and earnings slightly ahead of expectations but lacked a clear catalyst for a stronger market response.

Key takeaways

Consolidated revenue came in at $108.2 million, surpassing the high end of guidance and consensus estimates.
Non-GAAP earnings reached $14.7 million, also beating expectations.
AI-related revenue grew 54.6% year-over-year to represent 30.7% of total revenue, marking a sustained growth trend beyond a one-time spike.
Progress continues on margin expansion, with a 300 basis point improvement target in sight, supported by fixed-price AI project delivery.
Expansion of partnerships with major AI platform providers and hyperscalers like Google Cloud, AWS, Microsoft Azure, and NVIDIA underscores strengthening market positioning.

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Robinhood Markets Inc. Class A Common Stock

HOOD Q2 2026

Reported: 2026-08-02

The stock dropped 6.6% as investors reacted negatively to what appears to be margin compression despite strong revenue growth and record net deposits, signaling concerns about profitability sustainability and cautious underlying fundamentals.

Key takeaways

Revenues reached a record $1.3 billion, up 32% year-over-year, driven by multiple product verticals including equities, options, and prediction markets.
Net deposits hit a record $22 billion, reflecting a 28% annualized growth rate and continued strong customer trust and platform engagement.
Gold subscribers grew to 4.8 million, representing a 17% attach rate relative to funded accounts, contributing to revenue diversification.
Adjusted EBITDA margin declined to 57%, indicating margin compression and suggesting growing cost pressures or investments impacting profitability.
The company continues global expansion, notably acquiring WonderFi in Canada and launching products such as Robinhood Chain, but market reaction implies reservations about scaling costs or future outlook.

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Humana Inc.

HUM Q2 2026

Reported: 2026-08-02

Humana's stock fell 5.7% following the Q2 report as investors reacted negatively to cautious commentary on margin progression and future growth dynamics. Despite operational improvements, the outlook on margin expansion and competitive positioning raised concerns.

Key takeaways

Market punished the stock on worries about sustainable pretax margin delivery, with management emphasizing the need to make "necessary margin progression" in 2027 to achieve a targeted 3% pretax margin in 2028.
Member growth and retention remain on track, but no acceleration or upside surprises were highlighted.
Progress in Stars quality and clinical metrics continues but without new guarantees on final outcomes or upside; management reiterated uncertainty during the upcoming CMS “Stars blackout” period.
Operational initiatives including centralization, automation, and vendor optimization are underway, expected to generate savings, but these remain early-stage and unproven in delivering margin expansion.
Integration efforts such as CarePlus consolidation may reduce redundancy but have not yet translated into a demonstrable boost to margins or earnings.

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Laureate Education, Inc.

LAUR Q2 2026

Reported: 2026-08-02

Laureate Education’s shares edged down 0.3% post-earnings, reflecting a broadly in-line quarter with modest revenue growth and no evident surprises to materially move the stock.

Key takeaways

Revenue grew 7% on a timing-adjusted, constant currency basis in Q2 2026, supported by a 10% increase in new enrollments year-to-date.
The company raised its full-year 2026 revenue outlook by $28 million at the midpoint and adjusted EBITDA by $8 million, along with a $0.03 per share improvement in adjusted EPS guidance.
Operational momentum includes campus expansion projects in Mexico and Peru, with two new campuses expected to open in 2027 and a clear multiyear growth pipeline.
Investments in AI and digital infrastructure are positioned as a strategic priority to enhance learning personalization and operational efficiency.
The geopolitical and macroeconomic environment in both Mexico and Peru appears stable, supporting the company’s confidence in its core markets.

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Linde plc

LIN Q2 2026

Reported: 2026-08-02

The stock declined 5.9% as investors reacted negatively to margin compression driven primarily by the underperforming U.S. homecare segment, overshadowing strong sales growth and backlog gains.

Key takeaways

Sales grew 9% year-over-year to $9.3 billion, with underlying volume and price increases split evenly.
Operating margins declined 30 basis points excluding cost pass-through effects, largely due to headwinds in the U.S. homecare business and higher low-margin equipment sales.
The Americas segment was the main margin drag, with U.S. homecare portfolio struggles and the mix impact of hardgoods diluting margins.
Backlog increased by $1 billion to a record $8.1 billion, fueled by electronics wins and ongoing project developments.
EPS rose 10% to $4.50, supported by higher net income and a lower share count, but margin pressures raise concerns on near-term profitability.

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LyondellBasell Industries N.V.

LYB Q2 2026

Reported: 2026-08-02

LyondellBasell's shares rose modestly by 2.7% post-earnings as the market digested effects of the Middle East conflict on supply chains and production, with no clear catalysts for upside or downside surprise weighing heavily. The quarter reflected ongoing volatility and strategic portfolio reshaping rather than a decisive inflection in fundamentals.

Key takeaways

EBITDA margin reached 23%, reflecting operational discipline amid favorable market disruptions tied to Middle East supply constraints.
Approximately 20-25% of Middle East polyethylene capacity (~6 million tons) damaged, with a recovery timeline extending to 2027, sustaining supply tightness.
Chinese polyethylene inventories down ~30% from pre-conflict levels due to export strategy shifts despite reduced operating rates.
Portfolio transformation progressed with divestiture of four European O&P assets and planned closure of Brindisi site by end-2026, focusing on advantaged, integrated assets.
Demand remains resilient across packaging, healthcare, and infrastructure, while housing and automotive stay subdued but stable.

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Microsoft Corporation

MSFT Q4 2026

Reported: 2026-08-02

Microsoft’s shares jumped 14.7% post-earnings, driven by exceptional cloud growth and strong AI infrastructure investments that significantly outpaced expectations.

Key takeaways

Fiscal year revenue topped $331 billion, up 18% year-over-year.
Microsoft Cloud revenue exceeded $214 billion, growing 27%, with Azure surpassing $100 billion and growing 41%.
Added 31 new data centers this quarter (88 over the fiscal year), expanding capacity rapidly with plans to double overall AI infrastructure in two years.
Significant efficiency improvements in AI workloads: 4x throughput increase for Copilot, 40% better performance per watt on MAI models using Maia 200 silicon.
Broad model catalog with 11,000+ models and 5x increase in customers using multi-provider AI models underscores strong adoption of Microsoft’s AI platform ecosystem.

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MicroStrategy Incorporated

MSTR Q2 2026

Reported: 2026-08-02

Hercules Capital shares declined marginally (-0.1%) following Q2 results that reflected stable operating metrics but lacked a clear catalyst to drive the stock higher amid normalization in prepayments and cautious origination guidance.

Key takeaways

Q2 originations of $927 million continued a strong start to 2026, contributing to record first-half originations of $2.74 billion, up 35.6% YoY.
Early loan repayments surged to $572.1 million, above the high end of guidance, driven largely by M&A and balance sheet cash, a likely factor in a more defensive positioning.
Available unfunded commitments modestly increased to $408.2 million, signaling capital available but a cautious approach to deployment and disciplined underwriting remains.
Portfolio remains well-diversified with 50/50 split between life sciences and technology, and 87% first lien exposure maintained to mitigate credit risk.
Outlook tempered by expected normalization of prepayments to $200–300 million in Q3 and seasonally lower, back-end weighted originations, with management emphasizing discipline amid competitive deal markets.

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ArcelorMittal

MT.AS Q2 2026

Reported: 2026-08-02

The 5.1% stock gain reflects investor approval of ArcelorMittal’s better-than-expected near-term momentum, strengthened European segment margins, and optimistic third-quarter shipment guidance signaling resilience against typical seasonality.

Key takeaways

Q2 EBITDA rose to $2.1 billion, translating to a margin of $155 per ton, well above the company’s historical through-the-cycle averages.
European segment posted EBITDA per ton of $98, the highest in three years, supported by improving policy conditions and stronger order books.
Production restarts in Spain, Poland, and France, with all blast furnaces operational going into August, underpinning guidance for stable to higher third-quarter shipments.
First half underlying free cash flow annualized at $2.5 billion, excluding seasonal working capital and strategic growth CapEx, supporting capital returns and investments.
Strategic growth projects expected to add incremental EBITDA of $1.8 billion from 2026 onwards, with long-term demand drivers in electrification, renewables, and infrastructure sustaining optimism.

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MasTec, Inc.

MTZ Q2 2026

Reported: 2026-08-02

MasTec shares dropped 18.9% following the quarter as investors reacted negatively to cautious near-term outlook in the Communications segment, driven by expected revenue pressures from wireless slowdown and deferred wireline projects despite solid overall growth.

Key takeaways

Total revenue rose 23% year over year to $4.37 billion, supported by strong performance across Power Delivery and Clean Energy segments.
Adjusted EBITDA increased 40% to $384 million, with margins improving 100 basis points compared to prior year.
Backlog reached a record $21.4 billion, including nearly $5 billion growth year over year and a $1 billion sequential organic increase.
Communications segment experienced near-term headwinds due to lower second-half wireless revenues and delays in wireline project starts, dampening segment momentum.
Power Delivery revenue grew nearly 20% YoY with a 22-basis-point sequential margin improvement and strong backlog growth of $1.3 billion.

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MYR Group Inc.

MYRG Q2 2026

Reported: 2026-08-02

MYR Group’s Q2 revenues and margins outperformed expectations, driving a positive 3.5% stock reaction. Strength in the Commercial & Industrial segment and improved productivity underpinned record revenues and expanded margins.

Key takeaways

Total revenues reached a record $1.08 billion, up 20% year-over-year, led by a 42% increase in C&I revenues to $558 million.
Gross margin expanded to 13.2%, up from 11.5% last year, reflecting better productivity and favorable job closeouts despite some project inefficiencies.
Operating income margins improved in both segments: T&D at 9.4% (from 8%) and C&I at 8.5% (from 5.6%), benefiting from higher contractual margins and scope increases.
Net income rose 86% to $50 million, with EPS climbing to $3.17 from $1.70 a year ago.
Operating cash flow fell sharply to $3 million from $33 million last year, resulting in negative free cash flow of $26 million versus positive $12 million previously, impacted by timing of tax and project payments plus increased capital expenditures.

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NextDecade Corporation

NEXT Q2 2026

Reported: 2026-08-02

NextDecade's shares gained 6.0% following Q2 results as construction progress and schedule for Train 1 production beat prior expectations, reinforcing confidence in the company's transition to an LNG operator.

Key takeaways

Train 1 construction is advancing ahead of schedule, with engineering and procurement 74% complete and construction nearly 60% complete as of June.
First LNG production from Train 1 remains on track for the first half of 2027, with commissioning preparations underway and over 100 operational employees seconded to Bechtel.
Significant progress also reported on Trains 2 through 5, all tracking safely, on budget, and ahead of schedule, supporting phased expansion.
Filed formal FERC application for Train 6 in May; final Environmental Impact Statement expected by June 25, 2027, enabling a potential FID in the second half of 2027 contingent on commercial and financing support.
Completed major financing milestone by determining out a significant portion of Phase 1 bank facility debt, advancing financial stability for ongoing developments.

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nVent Electric plc

NVT Q2 2026

Reported: 2026-08-02

nVent Electric’s shares rose 6.2% following a quarter that notably outperformed expectations, driven by substantial sales growth primarily in the infrastructure vertical and accelerated demand in data centers.

Key takeaways

Sales surged 53% year-over-year to $1.471 billion, with organic growth of 47%, led by infrastructure and data center demand.
Adjusted operating income increased 61%, yielding a return on sales of nearly 22%, reflecting operational leverage despite over $50 million in inflationary pressures.
Adjusted EPS grew 69% to $1.45, significantly ahead of guidance, supported by strong sales and margin expansion.
Free cash flow more than doubled, reaching $167 million, underpinning financial flexibility.
Infrastructure now represents nearly 60% of sales, with robust demand across data centers and Power Utilities fueling momentum and capacity investments.

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Oil States International, Inc.

OIS Q2 2026

Reported: 2026-08-02

The stock responded positively with a 4.6% gain, driven by better-than-expected sequential revenue and EBITDA growth, supported by a record backlog and continued strength in offshore and international markets.

Key takeaways

Revenue grew 8% sequentially to $157 million, with adjusted EBITDA rising 14% to $19 million.
Backlog reached $451 million, the highest in over a decade, up 5% sequentially and 24% year-over-year.
Offshore Manufactured Products segment led growth with revenues of $93 million and segment EBITDA margin above 19%.
Completion and Production Services and Downhole Technologies segments both posted sequential revenue and EBITDA increases, with Downhole revenues at the highest level since Q2 2023.
Margins face pressure from elevated raw material costs, especially in shaped charges, but pricing discipline and mix improvements helped mitigate headwinds.

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Oxford Square Capital Corp.

OXSQ Q2 2026

Reported: 2026-08-02

Oxford Square Capital shares rose 7.6% following a sequential improvement in net investment income and a substantial reduction in unrealized losses, reflecting investor approval of stabilized credit conditions and the firm’s focused CLO equity purchases.

Key takeaways

Net investment income increased to approximately $5.1 million ($0.05 per share) from $4.1 million in the prior quarter.
Total investment income rose modestly to $9.4 million from $8.9 million quarter-over-quarter.
Combined unrealized and realized losses narrowed sharply to $1.1 million ($0.01 per share) from $29.7 million ($0.34 per share) in Q1.
Investment activity centered exclusively on CLO equity tranches with cash-on-cash and forward yield in the low 20% range.
The net asset value per share declined slightly to $1.29 from $1.32, and no new NII per share improvement guidance was given amid continued distributions exceeding NII.

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PACCAR Inc

PCAR Q2 2026

Reported: 2026-08-02

PACCAR’s stock saw minimal movement (+0.3%) following a quarter that largely met expectations with stable margins and steady guidance, reflecting a balanced view from the market without meaningful surprises.

Key takeaways

Second quarter revenues reached $7.5 billion, with net income of $752 million, up 24% sequentially, driven primarily by truck division performance.
PACCAR Parts hit record quarterly revenues of $1.75 billion and pre-tax income of $417 million, with gross margins improving to 29.8%.
Truck deliveries increased to 38,700 units with an estimated 42,000 units projected for Q3 despite normal European seasonal shutdowns.
Truck parts gross margins rose from 13.1% to 14.4%, with expectations for continued margin expansion in Q3 and Q4.
Management reiterated full-year market outlook for truck sales and ongoing investments in technology and manufacturing capabilities without signaling any material changes to guidance.

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Reddit, Inc.

RDDT Q2 2026

Reported: 2026-08-02

Reddit’s stock fell 21% after Q2 results as investors were disappointed by signs of deceleration in key metrics and cautious commentary on user growth and referral traffic volatility despite solid revenue growth.

Key takeaways

Revenue grew 61% year-over-year to $805 million, driven by 64% growth in advertising revenue through increased pricing and impressions.
Adjusted EBITDA margin came in at 43%, reflecting ongoing operational leverage.
Daily active users reached over 130 million, with weekly reach surpassing 500 million, but growth is being challenged by volatile search referrals and user mix issues.
New app user retention improved 50% year-over-year on a small base but remains an early sign, indicating continued work needed to drive daily engagement.
Management emphasized product initiatives focused on long-term engagement and quality user growth, highlighting cautious outlook amid noisy traffic trends.

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Regency Centers Corporation

REG Q2 2026

Reported: 2026-08-02

Regency Centers shares dipped 1.0% following Q2 results as the modest market reaction reflected largely stable operating performance but no clear catalyst to surpass expectations or materially improve outlook.

Key takeaways

Same property NOI growth came in at 3.8%, driven primarily by base rent growth amid high leasing demand and occupancy near 97%.
Cash rent spreads exceeded 10%, with GAAP rent spreads approaching 20%, supported by strong lease escalators.
Tenant sales and foot traffic trends remain positive, with accounts receivable below historical averages, indicating a healthy tenant base.
The company reaffirmed and raised full-year guidance for same property and total NOI growth, expecting core operating EPS growth to exceed 5%.
Development pipeline and capital allocation continue to support growth, though execution risks and macro uncertainty remain unaddressed by management.

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SIG COMBIBLOC GROUP AG

SIGN.SW Q2 2026

Reported: 2026-08-02

The stock rose 7.1% following results that showed better-than-expected profitability and cash flow improvement, driven primarily by margin expansion and strong regional performances, particularly in the Americas. Investor confidence appears anchored in successful surcharge execution and margin discipline despite ongoing market challenges.

Key takeaways

Revenue grew modestly by 0.8% at constant currency, with aseptic carton up 1.6%, while bag-in-box and spouted pouch segments faced softness.
Adjusted EBIT margin expanded 80 basis points to 15.6%, reflecting continued efficiency gains and disciplined surcharge implementation offsetting rising raw material and freight costs.
Free cash flow improved by more than EUR 100 million to negative EUR 32 million, benefiting from better operating cash flow and reduced capital expenditure.
Americas showed the strongest regional growth with revenue up 4.4% (2.9% constant currency/constant resin) and margin improving to 13.5%, buoyed by pricing, mix, and volume gains.
Europe and Asia Pacific faced headwinds with European revenue down 3.1% amid softness in ambient juice and UHT milk tenders, while Asia Pacific margins declined due to foreign exchange and pricing pressure despite growth in China and Southeast Asia.

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The Southern Company

SO Q2 2026

Reported: 2026-08-02

The stock declined 1.6% following the report, reflecting cautious investor sentiment despite solid underlying demand and growth; the market reaction suggests reservations around the outlook and incremental margin pressures rather than outright disappointment.

Key takeaways

Adjusted EPS came in at $1.13, up $0.21 year-over-year and $0.13 above internal estimates for Q2.
Strong retail electricity sales growth of 2.3% year-to-date marks the highest mid-year increase in nearly 20 years, driven by new residential adds and expanding industrial and data center demand.
Large customer contracts increased by 6 GW this quarter, bringing total contracted large load agreements to over 17 GW through the mid-2030s, underpinning a robust pipeline exceeding 75 GW.
Full-year 2026 adjusted EPS guidance narrowed to the top of the $4.50–$4.60 range, with third quarter EPS expected around $1.50.
Increased interest expense and share dilution partially offset earnings gains, possibly weighing on margin expansion expectations.

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SPS Commerce, Inc.

SPSC Q2 2026

Reported: 2026-08-02

The stock rose 5.7% post-earnings, reflecting investor enthusiasm about SPS Commerce’s AI-powered product rollout and strong customer validation supporting expansion in addressable market and ARPU.

Key takeaways

SPS’s AI agent, Max, advanced from beta to full launch, delivering immediate ROI examples such as $290,000 in invoice error recovery and 90% weekly time savings on overdue order management for key customers.
The network supports over 3,500 buying organizations, 2,000 logistics providers, and 400 tech partners, underpinning scalable supply chain integration and partner connectivity.
Customer surveys indicate 83% improved AI readiness and 87% better scalability attributed to SPS’s network, with all surveyed customers recognizing its role as a strategic growth partner.
Recent divestiture of the 3P revenue recovery business sharpens focus on multi-retailer 1P supplier relationships to drive intelligent supply chain solutions and expand AI use cases.
The company is accelerating autonomous onboarding and internal agentification processes for greater operational efficiency, positioning for ARPU expansion through AI monetization.

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Scorpio Tankers Inc.

STNG Q2 2026

Reported: 2026-08-02

Scorpio Tankers’ stock declined 0.9% post-earnings, reflecting market caution despite solid cash flow and balance sheet improvements amid moderating freight rates and geopolitical uncertainties.

Key takeaways

Adjusted EBITDA exceeded $300 million and adjusted net income reached $243.7 million, marking the company’s highest quarterly earnings.
Cash balance strengthened to over $1.9 billion; completed $605 million convertible bond issuance at ~1% yield to replace higher-cost debt, reducing interest expenses.
Daily cash break-even remains low at approximately $11,000, supported by fleet optimization with 19 older vessels sold above original cost.
Commercial agreements secured for three MR vessels on multi-year charters, set to begin in December, signaling confidence in mid-term market fundamentals.
Freight rates, while moderating from record highs, remain above $30,000 per day; geopolitical tensions and longer voyage distances continue to inject uncertainty into the outlook.

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Teleperformance SE

TEP.PA Q2 2026

Reported: 2026-08-02

The stock rallied 9.5% following TP’s earnings, reflecting investor approval of the sequential revenue improvement and reassuring guidance confirmation, particularly highlighting growth in the Core Services division and acceleration in AI-powered service lines.

Key takeaways

Like-for-like revenue decline narrowed from -2.2% in Q1 to -1.2% in Q2, suggesting positive momentum after earlier weakness.
Excluding Trust and Safety, group like-for-like revenue rose 1.7%, driven by a 2.3% increase in Core Services.
EBITA was stable year-over-year, supported by SG&A controls and internal AI-driven efficiency programs.
Net free cash flow before restructuring increased to approximately EUR 299 million, indicating solid cash generation.
Efficiency savings target was raised to between EUR 150 million and EUR 170 million, with restructuring costs increasing accordingly to EUR 120–140 million.

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Trane Technologies plc

TT Q2 2026

Reported: 2026-08-02

Trane Technologies’ shares rose modestly by 1.8% following Q2 results that showed solid bookings and raised guidance, though the market appeared cautious given lingering regional headwinds and margin pressures in EMEA.

Key takeaways

Enterprise organic revenue grew 9%, led by the Americas Commercial HVAC and residential segments.
Bookings surged, with commercial HVAC up 50% and applied bookings rising 130%, resulting in a record backlog of $12.1 billion, up 70% year-over-year.
Adjusted EPS increased 11%, supported by operational excellence and reinvestments across business segments.
Margins in EMEA were impacted by the Middle East conflict, prompting cost structure adjustments to improve second-half profitability.
Full-year revenue growth guidance increased to approximately 9%, with adjusted EPS guidance raised to $15.20-$15.30, reflecting confidence in strong second-half acceleration despite geopolitical headwinds.

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Virtu Financial, Inc.

VIRT Q2 2026

Reported: 2026-08-02

Virtu Financial’s shares edged up modestly by 1.4% post-earnings, reflecting a performance broadly in line with expectations but lacking notable surprises to drive a stronger market move.

Key takeaways

Adjusted net trading income (ANT) reached $11.6 million per day in Q2 2026, with Market Making contributing $9.4 million and Execution Services $2.2 million daily.
Adjusted EBITDA totaled $437 million, representing a 61% margin; adjusted EPS was $1.82 for the quarter.
Trailing 12-month metrics hit record levels for Virtu: ANT per day of $10.4 million, adjusted EBITDA of $1.7 billion, and adjusted EPS of $6.96.
Total trading capital rose to $3.4 billion, boosted by a $500 million term loan increase and organic growth from retained earnings.
Operating expenses reflect a near-term cash compensation ratio of 23%, settling around management’s target of 25%, suggesting a modest step-up from historical levels.

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Vallourec S.A.

VK.PA Q2 2026

Reported: 2026-08-02

Vallourec’s shares declined 1.8% following Q2 results that showed stable profitability but flagged sequential volume headwinds and an uncertain outlook due to geopolitical disruptions in the Middle East. The cautious guidance and expected lower EBITDA per ton in Q3 weighed on investor sentiment.

Key takeaways

Q2 group EBITDA reached $190 million with a 21.4% margin, aligning with the midpoint of guidance but offering no upside surprise.
Tubes profitability remained resilient at $722 per ton, unchanged from Q1, despite sequentially lower volumes internationally.
Cash conversion improved, exceeding 60% of EBITDA; net cash balance rose to $183 million, a decade-high.
Q3 guidance anticipates higher Tubes volumes but a sequential decline in EBITDA per ton, driven by less favorable mix and shipment costs related to the Middle East.
Geopolitical uncertainty around the Strait of Hormuz adds to outlook volatility, reflected in a wider $170-$210 million EBITDA guidance range.

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Vulcan Materials Company

VMC Q2 2026

Reported: 2026-08-02

Shares fell 6% following the quarter, reflecting investor disappointment with persistently sluggish volume growth amid weather-related headwinds and cautious segment shipment outlook despite stable margins and pricing gains.

Key takeaways

Adjusted EBITDA held steady year-over-year at $654 million, despite nearly $40 million in energy cost headwinds.
Aggregates shipments rose a modest 1%, with significant variability across regions due to adverse weather conditions.
Pricing improved on both a freight-adjusted and mix-adjusted basis, with average selling prices up 5% year-over-year.
Unit cash costs (excluding diesel) increased 3%, partially offset by operational efficiencies and cost controls.
Full-year adjusted EBITDA guidance reaffirmed at $2.4 billion to $2.6 billion, signaling no upward revision amid uneven demand.

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Waystar Holding Corp.

WAY Q2 2026

Reported: 2026-08-02

Shares declined 11.6% following Waystar’s Q2 report, driven by indications of decelerating growth momentum and a cautious outlook despite solid bookings and margin performance.

Key takeaways

Revenue grew 18% year-over-year to $320 million, a solid increase but not enough to offset investor concerns on growth sustainability.
Adjusted EBITDA margin reached 43%, reflecting operational efficiency and exceeding expectations.
Bookings remained strong, with a notable number of $1 million-plus ACV deals and growth in large client relationships (clients >$100K revenue grew 15% YoY).
Net revenue retention held steady at 108%, in line with historical trends but showing no acceleration.
Market reaction suggests investors were wary of forward growth cadence and cautious commentary, reflected in the sizable stock selloff.

View recap

Earnings Recaps

Apple Inc.

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Alnylam Pharmaceuticals, Inc.

Amplifon S.p.A.

Amazon.com, Inc.

Ares Management Corporation

British American Tobacco p.l.c.

Bloom Energy Corporation

Brookfield Renewable Partners L.P.

Brookfield Renewable Corporation

Brookfield Infrastructure Partners L.P.

Compania de Minas Buenaventura S.A.A.

Clarivate Plc

CMS Energy Corporation

CubeSmart

Chevron Corporation

EPR Properties

Eversource Energy

Fluidra, S.A.

Floor & Decor Holdings, Inc.

Federal Realty Investment Trust

Grid Dynamics Holdings, Inc.

Robinhood Markets Inc. Class A Common Stock

Humana Inc.

Laureate Education, Inc.

Linde plc

LyondellBasell Industries N.V.

Microsoft Corporation

MicroStrategy Incorporated

ArcelorMittal

MasTec, Inc.

MYR Group Inc.

NextDecade Corporation

nVent Electric plc

Oil States International, Inc.

Oxford Square Capital Corp.

PACCAR Inc

Reddit, Inc.

Regency Centers Corporation

SIG COMBIBLOC GROUP AG

The Southern Company

SPS Commerce, Inc.

Scorpio Tankers Inc.

Teleperformance SE

Trane Technologies plc

Virtu Financial, Inc.

Vallourec S.A.

Vulcan Materials Company

Waystar Holding Corp.

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