Adobe Inc.

ADBE Q3 2026

Reported: 2026-09-12

Adobe’s shares rose 1.4% after earnings, a broadly neutral reaction. Q3 revenue was $6.76 billion, up 12% year over year, while the call highlighted fast growth in AI-first ARR alongside a CEO transition.

Key takeaways

Revenue was $6.76 billion, up 12% year over year; GAAP EPS was $4.62, up 11%, and non-GAAP EPS was $6.13, up 15%.
Adobe reported more than 1 billion monthly active users across its businesses, up over 20% year over year; creative premium MAUs surpassed 100 million and grew over 70%.
AI-first ending ARR exceeded $650 million, growing over 150% year over year.
Subscription revenue for business professionals and consumers was $1.91 billion, up 15%; Adobe is expanding AI features across Acrobat, Reader, and Express.
Anil S. Chakravarthy will become CEO and join the board effective December 1; Shantanu Narayen will become Executive Chair.

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ATHENS INTERNATIONAL AIRPORT S.

AIA.AT Q2 2026

Reported: 2026-09-12

Athens International Airport delivered a solid first half, with traffic up 4.5% to a record 15.8 million passengers and adjusted EBITDA of €168.5 million. However, revenue fell 2.8% to nearly €300 million as airport-charge adjustments reduced air-activity revenue; the +3.7% share-price reaction indicates investors viewed the in-line performance and second-half improvement as modestly positive.

Key takeaways

Passenger traffic increased 4.5% year over year to 15.8 million, with international traffic up 4.2% and domestic traffic up 5.1%; August subsequently exceeded 4 million passengers for the first time.
Revenue declined 2.8% to almost €300 million, primarily due to a 4.9% reduction in air-activities revenue following airport-charge adjustments after depletion of the carry-forward mechanism.
Adjusted EBITDA was €168.5 million. Management expects performance to strengthen in the second half as the PTF discount impact, which ended in April, rolls off.
Non-air revenue remained resilient, growing slightly below traffic, supported by favorable passenger mix and commercial initiatives.
Capital and financing flexibility improved: the 2026 scrip dividend generated approximately €83 million of capital, while a €500 million bond was issued at a 3.75% coupon with more than €2.6 billion of orders.

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AeroVironment, Inc.

AVAV Q1 2027

Reported: 2026-09-12

AV’s shares rose 4.4% after the company reported first-quarter revenue of $480 million and reaffirmed its fiscal 2027 revenue and adjusted EBITDA guidance. Record funded backlog and $683 million in bookings support the outlook, though the call’s opening remarks did not provide year-over-year revenue growth or margin detail.

Key takeaways

Revenue was $480 million, which management described as a first-quarter record; adjusted EBITDA was nearly $46 million.
Bookings were $683 million, and funded backlog reached a record $1.5 billion—37% above the same period last year and up 25% from the prior quarter.
Fiscal 2027 guidance was reaffirmed: revenue of $2.125 billion to $2.225 billion and adjusted EBITDA of $305 million to $325 million.
Autonomous Systems contributed $346 million, or 72% of revenue; Space, Cyber and Directed Energy contributed $134.5 million, or 28%.
The company highlighted a $117 million P550 award and a $51 million Switchblade 600 contract, alongside ongoing manufacturing-capacity expansion plans.

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The Cooper Companies, Inc.

COO Q3 2026

Reported: 2026-09-12

Investors reacted sharply negatively, with the stock falling 20%, as CooperVision’s U.S. channel inventory reduction drove essentially flat quarterly revenue and is expected to weigh on Q4. The strategic review also ended without a sale of CooperSurgical, leaving the company to pursue a longer-term value-creation plan amid weaker near-term contact-lens performance.

Key takeaways

CooperVision revenue was **$717 million, essentially flat year over year**; U.S. channel inventory reductions were the primary drag, while EMEA and Asia Pacific were broadly in line with expectations.
Management said the inventory reduction will **continue to impact Q4**, despite reporting mid-single-digit U.S. consumption growth and positioning the channel for fiscal 2027.
Product momentum was mixed: the **MyDay franchise delivered double-digit growth** in several categories and regions, while clariti was softer outside EMEA and Biofinity was flat after U.S. inventory actions.
CooperSurgical remains part of the company after the Board rejected potential sale proposals, citing temporary valuation pressures tied to a non-hormonal IUD competitor and fertility litigation settlement.
Positives included **record free cash flow**, solid fertility growth at CooperSurgical, and a favorable resolution of a significant tax matter; management also plans increased commercial investment and potential share repurchases.

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Copart, Inc.

CPRT Q4 2026

Reported: 2026-09-12

Copart shares fell 2.6% after earnings, a roughly flat reaction. Results showed softer unit volumes—global sales fell 2.9%, led by a 5.7% domestic decline—while higher operating expense per car and limited forward guidance in the transcript temper the positives.

Key takeaways

Global insurance units declined 4.2%; domestic insurance units fell 7.5%, while international insurance units rose 11.2%. Management said domestic assignments would have been up 2.3% excluding one customer loss.
Collision claim frequency declined 3.4% year over year, moderating from high-single-digit declines in 2025. Total loss frequency reached 23.3% in the second quarter, versus 22.4% a year earlier.
Global insurance ASPs increased 3.1% year over year; domestic ASPs rose 3.7%. Average collision severity topped $6,300, up nearly 8.8%.
Operating expense per car rose 12.7% year over year in the quarter; management said it is focused on reducing costs per car.
Copart agreed to acquire ACV, which sells more than 800,000 vehicles annually. Management highlighted the potential to combine ACV’s digital marketplace with Copart’s physical locations and buyer base.

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Fevertree Drinks Plc

FEVR.L Q2 2026

Reported: 2026-09-12

Investors appeared disappointed by the outlook and execution risk despite first-half growth, sending Fever-Tree shares down 3.6% after the results. The transcript highlights improving U.S. momentum, but the reaction suggests this was insufficient to offset concern around the pace and durability of growth.

Key takeaways

Brand revenue rose 8% at constant currency, with the U.S. up 11%, Europe up 10%, and the U.K. returning to growth.
U.S. off-trade sales growth accelerated from 6% in Q1 to 11% in Q2 and 16% through July and August, supported by the Molson Coors partnership; management cautioned that it remains early.
Adjusted EBITDA margin improved 20 basis points to 10.9%, while normalized EPS increased 5%.
The wider portfolio grew 13%, versus 3% growth for the core tonic range, and now represents nearly half of group sales—evidence of diversification but also a relatively slower core category.
The company extended its share buyback by £60 million, supported by cash generation and its asset-light model.

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IBEX Limited

IBEX Q4 2026

Reported: 2026-09-12

IBEX’s shares rose 6.8% after the company reported 12% fourth-quarter revenue growth to $164.3 million and 15% full-year organic growth, alongside accelerating AI-agent traction and record profitability and cash-flow metrics.

Key takeaways

Q4 revenue reached a record $164.3 million, up 12%; full-year revenue was $644.1 million, with organic growth of 15% and six consecutive quarters of double-digit growth.
IBEX added nine new “trophy” logos in Q4 and 17 for the full year; revenue from its top five, 10, and 25 clients grew 24%, 22%, and 15%, respectively.
HealthTech revenue grew 42% year over year in Q4 to $29.4 million and 38% for the full year to $114 million, surpassing the company’s $100 million target.
Client retention exceeded 99%, client NPS was 71, and employee NPS improved to 82 from 77, with 95% participation.
AI-agent deployments showed early traction: Philippine Airlines achieved resolution rates above 20% and CSAT above 4.7/5, while BJ’s Wholesale reached resolution rates above 40% and CSAT above 4.7/5.

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Imperial Petroleum Inc. Common Shares

IMPP Q2 2026

Reported: 2026-09-12

Imperial Petroleum delivered a sharp earnings beat in the reported quarter, with revenue up 41.2% sequentially to a record $87.1 million and net income reaching $34.8 million. The company’s outlook remains constructive, but execution will depend on completing seven remaining dry dockings and sustaining favorable tanker and dry-bulk markets amid geopolitical uncertainty.

Key takeaways

Q2 revenue increased 140% year over year and 41.2% from Q1 2026; net income rose 172% year over year to $34.8 million.
First-half net income reached $62.8 million, already above the $50 million generated during all of 2025.
Cash and deposits were $245.2 million at June 30 and had increased to approximately $260 million by the call.
Operational utilization declined to 73.5%, with technical off-hire at 10.7% as six vessels underwent dry docking; seven additional dry dockings remain through year-end.
The fleet has grown to 21 vessels, with four more scheduled for delivery by year-end; approximately 57% of the fleet is currently under time charter.

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Limoneira Company

LMNR Q3 2026

Reported: 2026-09-12

Limoneira shares fell 10.9% after the company reported third-quarter results below expectations and moved lemon volume guidance to the lower end of its range, citing higher U.S. lemon imports and lighter-than-anticipated sales. Investors appeared to discount the avocado growth and asset-monetization pipeline against near-term lemon weakness and execution risk.

Key takeaways

Third-quarter results came in below management’s expectations, primarily due to weaker lemon sales volume.
The company expects to achieve only the lower end of its fiscal 2026 lemon volume guidance as imports pressure the U.S. market.
Avocado performance was a key offset: stronger-than-expected volume prompted another increase to fiscal 2026 avocado guidance, with fiscal 2027 production expected to exceed 10 million pounds, approximately 30% above fiscal 2026.
Adjusted EBITDA exceeded the prior-year third quarter, supported by higher agribusiness operating income and progress toward the targeted $10 million in annual SG&A savings.
Management expects a $15 million Windfall Farms sale to close September 14, 2026, while also targeting additional water-asset monetization and continued real-estate proceeds; however, several longer-dated initiatives, including the organic recycling facility and further avocado acreage, are not expected to contribute materially until fiscal 2027 or later.

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LightPath Technologies, Inc.

LPTH Q4 2026

Reported: 2026-09-12

LightPath’s stock fell 5.0% after earnings, suggesting investors were concerned by the lack of sequential backlog growth and delays or uncertainty around several defense programs despite record quarterly results. The Army’s pushout of the NGSRI timeline and the absence of Border Patrol camera orders also weigh on the near-term outlook.

Key takeaways

Fiscal 2026 revenue nearly doubled, rising 93% to approximately $72 million from $37 million; fourth-quarter revenue reached a record $21.2 million.
Gross margin expanded to 36% for the year and 39.4% in the fourth quarter, while adjusted EBITDA improved from a $5.1 million loss to a $4.2 million profit for the year; Q4 adjusted EBITDA was $2.1 million.
Year-end backlog was $110.9 million, up 197% year over year, but it did not grow sequentially during the quarter. Management cited two subsequent orders totaling $24 million.
The Army delayed the NGSRI Interceptor program by several months while it evaluates other options; management characterized this as a delay rather than a program risk.
DHS funding for the Border Patrol program has reached the prime contractor but has not yet converted into camera orders. An unnamed airborne program has completed qualification but is still awaiting a low-rate initial production order.

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Macy's, Inc.

M Q2 2026

Reported: 2026-09-12

Shares fell 4.7% after earnings, despite positive sales and comp growth. The transcript points to a potential concern in the quality of earnings: adjusted EPS benefited from tariff refunds, and without that benefit it was 14% above last year; the excerpt does not provide updated guidance or other results that explain the full market reaction.

Key takeaways

Macy’s Inc. comparable sales rose 2.7%; on a go-forward basis, they increased 2.8%.
Adjusted EPS was $0.63, including a net benefit from tariff refunds. Excluding that benefit, EPS was 14% above the prior year and above the high end of guidance.
Macy’s comparable sales increased 1.1%, its fifth consecutive quarter of growth; the 200 Reimagined stores grew 1.9%.
Bloomingdale’s posted double-digit comparable sales growth for a second consecutive quarter, while Bluemercury also reported comparable sales growth.
The excerpt does not include updated full-year guidance, limiting what can be concluded about the outlook.

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Oakley Capital Investments Limited

OCI.L Q2 2026

Reported: 2026-09-12

OCI delivered a broadly steady first half, with NAV per share rising 6% to 782p, while the stock reaction was roughly flat at -0.4%. Portfolio earnings growth and gains from key holdings supported NAV, though software multiple contraction and losses in several investments remained offsets.

Key takeaways

NAV reached £1.29bn, or 782p per share, up from 738p at the start of 2026; H1 total NAV return was 6%.
Portfolio performance generated 56p per share of unrealized gains, with 80% driven by earnings growth and the remainder by multiple expansion; realized investment losses reduced NAV by 5p per share.
Phenna, North Sails, and TechInsights contributed a combined 30p per share. Phenna added 13p after 15 acquisitions year to date, taking total acquisitions during ownership to 71 and EBITDA from £50m at entry to more than £200m.
TechInsights added 8p, supported by subscription growth, renewals, and a stronger semiconductor market; North Sails added 9p, although its apparel business remains in transition.
Offsets included a 4p per-share reduction from Cegid due to software multiple contraction, alongside further value reductions at IU and PLG; FX reduced NAV by 4p, partly reflecting euro weakness against sterling.

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Oracle Corporation

ORCL Q1 2027

Reported: 2026-09-12

Oracle’s shares fell 1.7% after earnings, a roughly flat reaction. Revenue and cloud infrastructure accelerated, while expected gross-margin pressure from data-center ramp-up and negative free cash flow temper the picture.

Key takeaways

Revenue was a record $19.3 billion, up 30% year over year; the company said Q1 revenue grew sequentially for the first time.
Cloud infrastructure revenue rose 121%, after 93% growth in Q4. Management expects further acceleration through the rest of fiscal 2027 as RPO converts to revenue.
Non-GAAP operating income increased 31% to $8.2 billion and non-GAAP EPS rose 30% to $1.92. Gross margin declined as expected, while operating margin remained around 42%.
Cash from operations was $23 billion, against $28 billion of CapEx, resulting in negative free cash flow of $5 billion. Oracle expects $90 billion–$95 billion of CapEx for the full year.
RPO increased $26 billion from Q4. Oracle said the vast majority of new contracts involved prepayments, bring-your-own-hardware, or similar arrangements, and would not affect CapEx or revenue until fiscal 2028 or later.

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Playtech plc

PTEC.L Q2 2026

Reported: 2026-09-12

Playtech delivered a solid first half with substantial EBITDA and cash-flow growth, while the broadly flat market reaction of +1.7% suggests the performance was largely in line with investor expectations. Growth was concentrated in the Americas and strategic investments, with weaker U.K. trading and ongoing refinancing and regulatory considerations remaining watch points.

Key takeaways

Adjusted EBITDA rose 77% year-on-year to €163 million, ahead of the company’s H1 target of more than €155 million; full-year guidance remains above €270 million.
Free cash flow reached €101 million, while net cash ended at €39 million after €25 million of share buybacks and more than €60 million of remaining Snaitech-related outflows.
Reported B2B revenue increased 14% to €395 million, or 17% on an underlying basis; regulated B2B revenue grew 21%.
The Americas remained the main growth engine: U.S. and Canada revenue increased 176% in constant currency, while Latin America grew 29% on an underlying basis. Europe excluding the U.K. was up 2% reported, or 10% excluding a prior-period hardware sale.
Margin and cost control improved materially, with B2B adjusted EBITDA margin reaching 32.4% and annualized cost reductions exceeding €20 million. The U.K. was affected by customer-specific changes and higher Remote Gaming Duty, while the €300 million bond maturity in June 2028 leaves refinancing under review.

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RH

RH Q2 2026

Reported: 2026-09-12

RH’s Q2 revenue and normalized adjusted EBITDA margin exceeded the high end of company guidance, but the stock was flat after earnings. The outlook points to a pronounced Q4 acceleration, while international preopening costs and supply-chain inflation remain meaningful margin pressures.

Key takeaways

GAAP net revenue was $922.2 million, up 2.6% year over year; management said growth accelerated 4.2 points from Q1.
Normalized adjusted EBITDA margin was 13.4%, above the high end of guidance. The company reported $72.3 million of cash generated in the quarter, including a $42 million distribution from Aspen joint ventures and excluding $69.2 million of tariff refunds.
Fiscal 2026 outlook is revenue growth of 5.5%–7% and adjusted EBITDA margin of 15%–16.2%. Management said the outlook includes an approximately 340-basis-point margin impact from international preopening and startup costs.
Q3 revenue growth guidance is 5%–6%, with adjusted EBITDA margin of 12.5%–13.5%; Q4 guidance steps up to 16.1%–21.2% revenue growth and 19.7%–22.9% margin.
RH cited $50 million of unplanned supply-chain cost increases tied to higher oil prices amid the Middle East conflict. Management expects $13.9 million of additional tariff benefits in the second half, with $19 million of tariff proceeds included in its updated FY26 margin outlook.

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Tenneco Inc.

TEN Q2 2026

Reported: 2026-09-12

TEN shares rose 8.1% following record first-half profitability and expectations for continued earnings strength, supported by favorable tanker demand and substantial forward coverage. Management also signaled potential for a higher dividend, though this remains subject to board approval and market conditions.

Key takeaways

Management described the quarter and first half as record-breaking for net income excluding capital gains, with revenue tracking toward more than $1 billion for 2026.
Forward committed earnings are approaching $3.5 billion, providing visibility over the next two to three years.
Charterer demand is reportedly strong, with interest in vessels aged 10 years or less for contracts of up to seven years; TEN is balancing longer-term coverage with exposure to current rates.
TEN has taken delivery of seven vessels from its 26-vessel newbuilding program; management estimates the program’s value has risen from approximately $3 billion to $3.8–$3.9 billion.
The company paid $1.60 per share in dividends during 2026 to date and indicated that a further increase could be considered after the November strategy meeting, subject to board approval and market conditions.

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Earnings Recaps

Adobe Inc.

ATHENS INTERNATIONAL AIRPORT S.

AeroVironment, Inc.

The Cooper Companies, Inc.

Copart, Inc.

Fevertree Drinks Plc

IBEX Limited

Imperial Petroleum Inc. Common Shares

Limoneira Company

LightPath Technologies, Inc.

Macy's, Inc.

Oakley Capital Investments Limited

Oracle Corporation

Playtech plc

RH

Tenneco Inc.

Community

Earnings Recaps

Adobe Inc.

ATHENS INTERNATIONAL AIRPORT S.

AeroVironment, Inc.

The Cooper Companies, Inc.

Copart, Inc.

Fevertree Drinks Plc

IBEX Limited

Imperial Petroleum Inc. Common Shares

Limoneira Company

LightPath Technologies, Inc.

Macy's, Inc.

Oakley Capital Investments Limited

Oracle Corporation

Playtech plc

RH

Tenneco Inc.

Community

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