Airbus SE

AIR.PA Q3 2026

Reported: 2026-10-30

Airbus reported higher nine-month revenue and adjusted EBIT, with aircraft deliveries up year over year, while maintaining its 2026 guidance. The stock rose 1.9% after the release, a modest move that suggests a broadly neutral market response.

Key takeaways

Revenue increased 7% to €50.6 billion, while adjusted EBIT rose 8.9% to €4.5 billion.
Airbus delivered 547 commercial aircraft in the first nine months, up from 507 a year earlier; Q3 deliveries were 196. Management said the delivery profile is back-end loaded.
Free cash flow before customer financing was negative €1.3 billion. The company said its 2026 guidance remains unchanged.
Net commercial aircraft orders were 1,105, including 69 cancellations; backlog stood at 9,310 aircraft at the end of September.
Defence and Space order intake reached €11.5 billion. Results also faced offsets from a less favorable hedge rate, higher R&D expenses, and a weaker U.S. dollar.

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Alnylam Pharmaceuticals, Inc.

ALNY Q3 2026

Reported: 2026-10-30

Alnylam shares fell 25.1% after earnings, with investors likely focused on management’s admission that underlying AMVUTTRA demand growth is not yet satisfactory and on the resulting full-year outlook. Revenue grew sharply, but U.S. sequential TTR revenue growth included an inventory benefit and one-time gross-to-net adjustments, while expanded enrollment in the TRITON-CM study adds execution risk.

Key takeaways

Q3 net product revenue was $1.29 billion, up 52% year over year and 10% sequentially.
TTR revenue reached $1.15 billion, up 59% year over year. U.S. TTR revenue rose about $100 million sequentially, including $81 million from demand and a $17 million inventory benefit; net price also included about $10 million of one-time gross-to-net adjustments.
Management said it is not satisfied with underlying demand growth and that expanded sales-force engagement is taking time to translate into patient starts; the company said this is reflected in its full-year outlook.
Alnylam plans to expand TRITON-CM enrollment to approximately 2,250 patients, while saying the change does not alter the expected 2030 launch timing, subject to positive results and regulatory approval.

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Antero Resources Corporation

AR Q3 2026

Reported: 2026-10-30

Antero’s shares fell 2.2% after earnings, a roughly flat reaction. Production and cost metrics improved, while the company’s outlook relies partly on future margin-enhancement transactions and stronger NGL pricing.

Key takeaways

Production rose 23% year over year to a record 4.2 Bcfe per day; the company said it curtailed more than 100 million per day during the quarter.
Cash costs were 16% below the year-ago level, and unhedged EBITDAX margin increased 27% year over year despite a 4% decline in natural gas prices.
Antero repurchased 1.6 million shares in the quarter and said it has reduced its share count by more than 5 million since the beginning of 2025.
The company expects to reach $140 million of its $300 million margin-enhancement target by mid-2027. It anticipates about 1 Bcf per day of firm-transport optimization agreements, which it says would add $50 million in annualized free cash flow.
Management cited stronger NGL prices in part of the fourth quarter and expects that strength to continue in 2027; Antero remains unhedged on NGLs.

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ASM International NV

ASM.AS Q3 2026

Reported: 2026-10-30

ASM’s shares rose 6.2% after earnings, with record Q3 revenue at the upper end of the guided range and continued strength in advanced logic and memory. The report also showed stable gross margin and improving operating leverage, while management flagged supply-chain pressure as it works to meet demand in 2027 and beyond.

Key takeaways

Revenue was a record $1.16 billion, up 44% year-on-year at constant currencies and 14% sequentially; equipment revenue grew 48%, led by ALD demand.
Advanced logic/foundry led sales: 1.4-nanometer made its first solid contribution and represented a significant double-digit percentage of segment sales; memory also increased strongly, with most sales tied to high-performance DRAM for HBM.
Gross margin was 52%, versus 51.9% in Q2; operating margin increased to 33.4% from 33.0%, and SG&A fell to 7.6% of revenue from 7.9%.
Free cash flow was $313 million, below Q2’s record $355 million but well above $139 million a year earlier. Cash ended the quarter at EUR 1.3 billion, and ASM announced a share buyback of up to EUR 300 million.
Management cited increasing supply-chain pressure and said it is working with suppliers to secure capacity and critical components for demand in 2027 and beyond; Q4 working capital is expected to rise as activity levels and inventory increase.

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Advantest Corporation

ATEYY Q2 2027

Reported: 2026-10-30

Advantest’s shares rose 4.5% after earnings, with the transcript pointing to demand across GPU, custom ASIC and CPU testers as the key positive. Management also raised its SoC tester revenue outlook from July and said it expects to gain market share in 2026 and 2027.

Key takeaways

Management attributed the SoC demand outlook to strength across compute devices; CPU demand tied to agentic AI was an additional driver alongside GPU and custom ASIC demand.
Advantest is accelerating its plan to reach capacity for 10,000 SoC tester systems, but did not provide a revised target date; it expects to give more detail next quarter.
Management expects the ATE market to keep growing at a pace similar to recent years, when its CAGR was about 50% or slightly higher. It plans to provide a fuller 2027 outlook in January.
SoC tester market share rose from 56% in 2024 to 66% in 2025. Management expects further share gains in 2026 and 2027 and sees a path above 70%.
CPO testing is a potential growth opportunity, but management said the ATE market for CPO—estimated at about $1 billion—is still relatively small compared with the SoC market, which is above $11 billion.

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Allegheny Technologies Incorporated

ATI Q3 2026

Reported: 2026-10-30

ATI rose 5.9% after reporting third-quarter adjusted EBITDA above the high end of its guidance and raising full-year guidance. The higher outlook points to continued strength in AA&S and improved fourth-quarter expectations, while HPMC’s new-alloy ramp still weighed on margins.

Key takeaways

Revenue grew 26% year over year to $1.4 billion; adjusted EBITDA rose 46% to $328 million, and adjusted EPS increased 72% to $1.46.
Adjusted EBITDA was $13 million above the high end of guidance. ATI raised its full-year adjusted EBITDA outlook by $35 million to $1.19–$1.20 billion, implying 39% growth from 2025.
Jet engine revenue increased 39% year over year and 19% sequentially. Backlog was $4.3 billion, up 20% from a year ago.
AA&S posted a 25.8% EBITDA margin, up 850 basis points year over year. HPMC’s 23.2% margin was reduced by about 200 basis points versus plan by new-alloy ramp costs; ATI expects the remaining impact to be behind it by year-end.
Adjusted free cash flow was $80 million for the quarter and $223 million year to date, up 49% from the same period last year.

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American Water Works Company, Inc.

AWK Q3 2026

Reported: 2026-10-30

American Water’s shares rose 1.7%, a roughly flat reaction. The company reported higher adjusted EPS and raised its 2026 outlook to the top half of its initial range, while initiating 2027 guidance and reaffirming long-term growth targets.

Key takeaways

Q3 adjusted EPS was $2.00, versus $1.89 in the year-ago quarter; nine-month adjusted EPS was $4.63, versus $4.40.
The company narrowed its 2026 adjusted EPS guidance to $6.07–$6.12 and expects to reach the top half of its initial range.
Initial stand-alone 2027 adjusted EPS guidance is $6.53–$6.63, representing 8% growth over 2026.
American Water invested $2.8 billion in capital projects and acquisitions year to date and added nearly 81,000 customer connections through September, reaching its 2% customer-growth target.
It reaffirmed long-term EPS and dividend-per-share growth targets of 7%–9%; the proposed Essential Utilities merger is still expected to close by the end of Q1 2027.

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Belden Inc.

BDC Q3 2026

Reported: 2026-10-30

Belden’s Q3 results were within guidance, with record orders and double-digit organic growth, while component shortages delayed some RUCKUS shipments. Shares rose 0.8% after earnings, a roughly flat reaction.

Key takeaways

Revenue was $966 million, up 38% year over year, including RUCKUS; adjusted EPS was $2.26, up 15%. Both were within guidance ranges.
Organic revenue grew 11%. Automation and Smart Buildings each delivered double-digit growth, while orders in both were up approximately 30% year over year.
Orders topped $1 billion for the first time, up 46% year over year and 16% organically; book-to-bill was 1.05x.
RUCKUS orders rose 10%, but tight component supply delayed shipments and held revenue back. Management said corrective actions are underway, with improvement expected into 2027.
Belden signed a $100 million fiber-solutions agreement for 2027, bringing its expected data-center business to approximately $275 million that year, versus a previously announced $175 million annual run rate.

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two

BFLY Q3 2026

Reported: 2026-10-30

Butterfly shares fell 3.8% after earnings, despite a revenue beat and higher full-year guidance. The likely pressure point was continued international softness: management said it persisted this quarter after deal-timing shifts, and its expected improvement is pushed to Q4 and 2027.

Key takeaways

Q3 revenue was $32.6 million, 9% above the top end of guidance; management raised full-year guidance on both the top and bottom lines.
U.S. HHS revenue grew 15%. The quarter included five seven-figure and ten six-figure enterprise deals measured by total contract value.
International POCUS remained soft for a second quarter. Butterfly plans to shift toward larger institutional and enterprise customers and expects improvement in Q4 and into 2027.
Management reported the highest gross margin in company history, but the transcript provides no margin figure.
Butterfly secured FedRAMP authorization and signed five new Garden partners; DeepEcho also launched the first international Garden application.

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Bunge Limited

BG Q3 2026

Reported: 2026-10-30

Bunge shares fell 4.7% after earnings, despite higher adjusted EPS year over year. The likely pressure point was weaker performance across several businesses—including tropical oils and specialty ingredients, grain milling and freight—alongside continued commissioning and ramp-up costs; management maintained its full-year EPS range rather than raising it.

Key takeaways

Adjusted EPS was $2.56, versus $2.27 a year earlier; adjusted segment EBIT rose to $997 million from $924 million.
Reported EPS was $1.64 and included unfavorable impacts of $0.28 per share from mark-to-market timing and $0.64 from notable items.
Soybean processing improved, led by North America, while softseed results improved across regions. Tropical oils and specialty ingredients declined across North America, Europe and Asia, partly due to trade disruptions and commissioning costs.
Grain merchandising and commercial services improved, but lower ocean freight, sugar and wheat milling results more than offset those gains.
Bunge maintained its full-year adjusted EPS outlook of $9.25–$9.75. The Westzaan refinery is expected to start up in Q1 2027.

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Biogen Inc.

BIIB Q3 2026

Reported: 2026-10-30

Biogen shares fell 3.4% after earnings, despite reported revenue growth, as the growth headline relies partly on the Appellis acquisition and management still expects a return to top-line growth only in 2026. Investors may also be weighing the company’s dependence on future pipeline readouts, several of which remain weeks to months away.

Key takeaways

Total revenue grew 11% year over year, with management saying the increase was significantly helped by the Appellis acquisition.
Biogen’s growth portfolio generated $1.26 billion, up 50% year over year; management said it now represents almost two-thirds of core pharmaceutical revenue in the quarter.
SYFOVRE and Empaveli combined for $243 million, up 37% year over year. Biogen expects $250 million of run-rate synergies by the end of 2027 and said operating-level acquisition dilution is already close to negligible.
Management expects to return to top-line growth in 2026, while noting the legacy MS portfolio remains resilient.
The outlook depends in part on upcoming clinical results: management expects multiple Phase 3 readouts in the next 18 months, including in lupus and AMR.

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Builders FirstSource, Inc.

BLDR Q3 2026

Reported: 2026-10-30

Builders FirstSource shares rose 12.8% after the company maintained the midpoints of its full-year net sales and adjusted EBITDA outlook, with third-quarter sales and EBITDA in line with expectations. The gain came despite weak fall demand and continued pressure on single-family activity.

Key takeaways

Management said third-quarter sales and adjusted EBITDA were in line with its expectations; single-family activity remained soft.
The company maintained the midpoints of its full-year net sales and adjusted EBITDA outlook, while noting mortgage rates moved above 7% and affordability remains a constraint.
Demand was weak in the fall, and management said some builders may need to slow starts further; multifamily sales rose modestly, but near-term results are expected to remain muted.
Builders FirstSource is on track to deliver $140 million in cost actions, including $25 million expected next year; it consolidated 45 facilities this year and generated $23 million in productivity savings during the quarter.
The company said it gained share in a challenging market and deployed approximately $161 million toward return-enhancing opportunities in the quarter, including acquisitions that expand its Southeast presence.

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Bristol-Myers Squibb Company

BMY Q3 2026

Reported: 2026-10-30

Bristol Myers Squibb’s third-quarter results were accompanied by a modest 1.4% stock gain, a roughly flat reaction. The growth portfolio advanced and management raised full-year guidance, while the transcript also highlights a busy late-stage pipeline; it provides no basis to assess how results compared with market expectations.

Key takeaways

Growth portfolio sales increased 12%, with management citing Reblozyl, Breyanzi, Opdualag, Qvantig and Camzyos.
The company said it raised full-year guidance, but the excerpt does not provide the revised figures.
Symvexis received FDA accelerated approval for multiple myeloma; BMS also reported positive Phase 3 PFS data and plans to present them at ASH in December.
BMS cited positive results from registrational studies of admilparant, RAISE 101 and Arlocell, with regulatory discussions or further data expected.
The company announced approximately $2.3 billion for a Houston manufacturing campus and more than $170 million for a radiopharmaceutical facility in Indiana.

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Boss Energy Limited

BOE.AX Q1 2027

Reported: 2026-10-30

Boss Energy’s shares rose 17.3% after the September-quarter update, with investors responding to unchanged FY27 production guidance, quarterly output broadly consistent with the prior quarter, and progress on the wide-space wellfield transition. The longer-term feasibility study and regional hub ambition add upside potential, but the operating case still depends on upcoming wellfield results and a ramp-up supported by water-treatment upgrades.

Key takeaways

September-quarter drum production was 359,000 pounds; on-exchange production was 337,000 pounds. Record flow helped offset declining average tenor, while heavy rain contributed to 19 days of lost production.
FY27 production guidance remains 1.25 million–1.3 million pounds. December-quarter production is expected to be broadly consistent with September, with higher flows offsetting declining tenor.
Quarterly C1 cost rose to $47 per pound from $45 in June; all-in sustaining cost increased to $79 from $70. Both remained below full-year guidance ranges, but management expects unit costs to rise as average tenor declines.
The new feasibility study forecasts approximately 13.8 million pounds over nine years, with production through at least FY34. EKT1 is testing 58-meter well spacing against the study’s 49-meter assumption; first leasing results were expected in the December quarter.
Boss ended the quarter with approximately $195 million in cash, investments and uranium inventory and no debt. Water-treatment upgrades remain on schedule, with Stage 1 expected in FY27’s June quarter and Stage 2 in FY28’s March quarter.

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Borregaard ASA

BRG.OL Q3 2026

Reported: 2026-10-30

Borregaard’s shares rose 9.9% after record third-quarter EBITDA of NOK 557 million and a record 29.4% margin, supported by higher deliveries, operational execution and cost savings. The outlook is more mixed: fourth-quarter seasonality and higher energy-related costs are expected to weigh, with weaker Fine Chemicals deliveries and product mix.

Key takeaways

Revenue increased 5% year over year; EBITDA rose NOK 117 million to NOK 557 million, and EPS increased to NOK 2.96 from NOK 1.96.
BioMaterials was the standout: EBITDA reached a record NOK 210 million, up NOK 98 million, while sales volume rose 24%; the comparison partly reflects a production disruption in the prior-year quarter.
BioSolutions EBITDA increased NOK 7 million to NOK 284 million despite 4% lower sales volume and a 3% revenue decline; crop protection remained a weaker end market.
Fine Chemicals EBITDA was NOK 63 million, up NOK 12 million, with higher deliveries of fine chemical intermediates and bioethanol.
For Q4, management expects higher seasonal energy consumption, a maintenance stop and rising spot energy and sulfur costs. Bioethanol deliveries are expected to be notably lower, and Fine Chemicals product mix significantly weaker than in Q3.

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Boston Scientific Corporation

BSX Q3 2026

Reported: 2026-10-30

Boston Scientific fell 5.8% after a sharp Q3 miss and a weaker outlook: organic sales grew 1.5%, below the company’s 3%–5% guide, and Q4 guidance calls for an organic revenue decline of 1%–3%. Beyond the cyber incident’s near-term impact, investors face intensifying EP competition, pressure on WATCHMAN, and management’s warning that 2027 sales and adjusted EPS could be difficult to grow.

Key takeaways

Q3 adjusted EPS was $0.73, versus company guidance of $0.80–$0.82; management estimated the cyber incident reduced sales growth by about 300 basis points and adjusted EPS by $0.07.
For Q4, the company expects organic revenue to decline 1%–3% and adjusted EPS of $0.77–$0.79, citing cyber-related effects, inventory replenishment after elevated customer orders, EP share pressure, and tougher China pricing.
Full-year 2026 guidance is 4% organic revenue growth and adjusted EPS of $3.16–$3.18. Management expects 2027 to be a trough year and says sales and adjusted EPS may be challenging to grow, excluding Penumbra.
Performance was uneven: neuromodulation sales grew 13%, while urology declined 3%; U.S. operational sales were flat and Asia Pacific declined 1%.
Management expects new launches and restructuring actions to support stabilization and a return to growth in 2028, but that recovery is prospective rather than a near-term offset to the outlook.

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Boston Properties, Inc.

BXP Q3 2026

Reported: 2026-10-30

BXP’s shares rose 1.0% after earnings, a roughly flat reaction. The quarter included an FFO beat and a higher full-year outlook, alongside continued improvement in occupancy; management also flagged rising interest rates and constrained real-estate equity capital as risks to property values and transaction activity.

Key takeaways

Third-quarter FFO per share exceeded guidance and consensus estimates by $0.08; BXP raised the midpoint of 2026 FFO guidance by $0.05 and expects FFO per share to grow more than 3% in 2026.
In-service portfolio occupancy increased for the fourth consecutive quarter to 89.4%, above the company’s 89% year-end 2026 forecast. BXP completed 1.2 million square feet of leasing in the quarter and more than 4 million square feet year to date.
Management reported improving leasing conditions across its markets, citing record rental rates in New York City, Boston’s Back Bay, Reston Town Center and new Washington, DC CBD development; San Francisco was improving and Seattle leasing activity was gaining momentum.
The capital-markets backdrop remains a concern: the 10-year Treasury yield had risen 30 basis points over the prior couple of months, and management said competition for equity capital from AI investment could weigh on commercial real-estate fundraising and transactions. It warned higher rates may reprice assets and pressure future transaction volumes.

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Carrier Global Corporation

CARR Q3 2026

Reported: 2026-10-30

Carrier’s shares fell 1.3% after earnings, a roughly flat reaction. The quarter showed double-digit sales and profit growth, alongside rising orders and backlog; the transcript excerpt does not include the full outlook or the remainder of management’s comments on the Climate Solutions Europe impairment, limiting assessment of those factors.

Key takeaways

Organic sales grew 15%; adjusted operating profit rose about 35%, with adjusted operating margin expanding 260 basis points.
Adjusted EPS increased 30%, or about 15% excluding IEEPA refunds; year-to-date free cash flow was $1.5 billion.
Global orders rose 35%, including more than 60% growth in global commercial orders. Data center orders increased 300%, and year-to-date data center orders exceeded $3 billion.
Data center sales topped $550 million in the quarter, above the company’s target; Carrier reiterated its $2 billion full-year commitment. Backlog reached more than $8.5 billion.
Residential markets also improved: CSA residential sales grew more than 30%, and the CSA residential market is now expected to track at 7.5 million to 8 million units, versus the company’s earlier expectation of below 7 million.

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Caterpillar Inc.

CAT Q3 2026

Reported: 2026-10-30

Caterpillar’s shares fell 9.3% after earnings, with the clearest disappointment in Resource Industries: sales to users rose only 4%, below expectations, as mining shipments and commissioning were delayed. The company said third-quarter revenue was in line with its expectations, but the transcript provides no full-year outlook detail to explain the market’s broader concern.

Key takeaways

Sales and revenues were $20.7 billion, up 17% year over year; adjusted profit per share was $7.20, up 45%.
Backlog reached a record $78 billion, up about $38 billion, or 96%, from the year-earlier quarter.
Power and Energy sales to users grew 36%; power generation increased 75%, driven by demand for turbines and large reciprocating engines used in data centers. Capacity remains the key constraint on further growth.
Construction Industries sales to users increased 20%, including 27% growth in North America; exceptionally strong rental fleet loading contributed significantly to the increase.
Adjusted operating profit margin was 20.6%; excluding IEEPA tariff recoveries, it was in line with expectations. MP&E free cash flow was $3.8 billion, with $2 billion returned through dividends and share repurchases.

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Georgia Capital PLC

CGEO.L Q3 2026

Reported: 2026-10-30

Georgia Capital’s shares rose 8.1% after earnings, with the update highlighting 13.6% quarterly NAV-per-share growth in lari and accelerating portfolio growth. The gains were supported by Lion Finance Group’s share-price rally and stronger private-portfolio revenue and EBITDA, though Q3 operating cash-flow growth was more modest.

Key takeaways

NAV per share increased 13.6% quarter over quarter in lari terms and 15% in pound terms, with lari appreciation contributing to the latter.
Private portfolio companies’ year-over-year revenue grew 18.5% and EBITDA 26.3% in Q3; operating cash flow grew 12.3%. For the first nine months, operating cash-flow growth was 26.7%.
Lion Finance Group was the largest contributor to quarterly NAV-per-share growth, adding 11.3 percentage points; private portfolio companies and buybacks added 2.4 and 0.6 points, respectively.
The holding company is fully delevered, and Georgia Capital announced a new $50 million share-buyback program. The company cited a more-than-25% discount to NAV.
Healthcare services leverage stood at 3.4x debt to EBITDA, near the company’s 3x target; retail pharmacy leverage was 0.8x, below its stated 1.5x cap.

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Chipotle Mexican Grill, Inc.

CMG Q3 2026

Reported: 2026-10-30

Chipotle shares rose 8.7% after the company reported 9.6% revenue growth, positive comparable sales and transactions, and continued operational progress. The transcript does not provide a specific outlook or enough detail to identify what investors viewed as the key beat.

Key takeaways

Revenue grew 9.6%, with comparable sales and transactions both positive; the transcript does not give their specific growth rates.
High-efficiency equipment was installed in more than 1,700 restaurants. Chipotle said those restaurants delivered hundreds of basis points of comparable-sales uplift and handled over two additional entrees during the peak 15-minute period.
Taste of Food scores were up nearly 1 point year over year, while execution across all four throughput pillars remains a work in progress; Mise en Place and Aces in their places are in fewer than half of restaurants.
The AI-enabled cook-to-needs tool was in more than 500 restaurants during the quarter, with a national rollout planned for early next year.
Management noted broader consumer and industry headwinds may continue.

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CenterPoint Energy, Inc.

CNP Q3 2026

Reported: 2026-10-30

CenterPoint’s stock rose 1.9%, a roughly flat reaction. The company raised 2026 EPS guidance and extended its growth outlook, while also announcing substantial new and accelerated investment needs and higher equity financing.

Key takeaways

Q3 non-GAAP EPS was $0.53; the company raised 2026 non-GAAP EPS guidance to $1.90–$1.92.
2027 non-GAAP EPS guidance is $2.07–$2.09, representing 9% growth at the midpoint from the increased 2026 guidance. Management extended its 7%–9% annual EPS growth outlook through 2030, targeting the mid- to high end of that range.
The capital plan increases by $4 billion for newly identified projects and accelerates another $1.5 billion of projects into the first five years. The changes are expected to support enterprise rate-base CAGR above 14% through 2030.
CenterPoint expects at least 14 GW of customer demand to be energized by the end of 2030; management says that demand is expected to generate $5 billion in customer savings across Texas over the next decade.
The plan includes a $1.6 billion increase to equity financing, while management continues to cite at least $10 billion of additional investment opportunities through 2035.

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Davide Campari-Milano N.V.

CPR.MI Q2 2026

Reported: 2026-10-30

Campari shares fell 7.3% after results, despite the company confirming full-year guidance. The likely pressure point was softer North American performance: growth there was just 1%, with strength in aperitifs and tequila offset by weakness in other categories and a tough comparison in Jamaica.

Key takeaways

Nine-month organic sales grew 2.9%; Q3 growth was 3.4%, with Europe the primary driver.
Europe grew 3.8%, led by Italy and the U.K.; all other countries in the region were also in growth.
North America grew 1%. The U.S. delivered progress in aperitifs and tequila, but challenging trends in other categories weighed on performance.
Jamaica’s nine-month results were affected by a high Q3 comparison, following 52% growth in the same quarter last year.
Management said sell-out share gains continued across key markets and confirmed full-year guidance.

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Crocs, Inc.

CROX Q3 2026

Reported: 2026-10-30

Crocs shares jumped 25.5% after earnings, as Q3 revenue grew 5% and management raised its full-year revenue growth outlook to approximately 3% from 1%–2%. Both brands grew, while adjusted operating margin expanded 150 basis points to 22.3%.

Key takeaways

Enterprise revenue exceeded $1 billion, up 5% year over year; Crocs brand revenue rose 4% and HEYDUDE rose 6%.
Crocs growth was led by international revenue, which increased at a double-digit rate; international DTC grew 24%.
HEYDUDE returned to growth, led by wholesale revenue up 14%; DTC revenue was up slightly.
Adjusted operating margin reached 22.3%, expanding 150 basis points year over year.
The company repurchased approximately 2 million shares for $250 million and paid down $21 million of debt.

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CEMEX, S.A.B. de C.V.

CX Q3 2026

Reported: 2026-10-30

CEMEX shares rose 3.4% after the results, which showed 8% sales growth and double-digit EBITDA and EBIT increases alongside improving cash generation. The gains were supported by pricing, higher cement volumes and transformation savings, though costs began rising year over year and price performance was mixed by market.

Key takeaways

Net sales increased approximately 8%; EBITDA rose 12% and EBIT 19% year over year, marking a fifth consecutive quarter of double-digit growth in both.
Consolidated cement volumes grew 3%, while prices for the three core products increased by a low single-digit percentage year over year. Sequential cement pricing reflected mix effects and price erosion in some markets.
Project Cutting Edge contributed approximately $60 million in incremental quarterly savings. Pricing remained the main contributor to EBITDA growth and offset higher costs, including maintenance and distribution.
Total costs increased year over year for the first time in six quarters, reflecting a pickup in inflation. Management expects higher energy costs in 2027, which it aims to mitigate through pricing.
Trailing 12-month adjusted free cash flow from operations reached a record $2.2 billion, with a conversion rate of approximately 62%; year-to-date free cash flow from operations was up more than $900 million year over year.

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Deutsche Bank Aktiengesellschaft

DB Q3 2026

Reported: 2026-10-30

Deutsche Bank shares rose 8.5% after earnings. The quarter included higher revenue and profit year on year, with all divisions contributing to the profit increase; management also reaffirmed its 2026 revenue ambition and described its 2028 RoTE target as a floor.

Key takeaways

Q3 net revenues were €8.3 billion, up 4% year on year, marking 21 consecutive quarters of revenue growth. Profit before tax rose 8% to €2.6 billion.
Q3 RoTE was 10.6% and the cost/income ratio improved to 62.4%; noninterest expenses were flat year on year, supporting positive operating leverage.
For the first nine months, revenue reached €25.5 billion and profit before tax €8.4 billion, both records. Management said it remained on track for full-year revenue of around €33 billion.
Asset gathering businesses reported record inflows: €17 billion in the Private Bank and €31 billion in Asset Management during Q3. Private Bank client assets rose to €865 billion.
CET1 was 14.0%. The bank had completed €1.5 billion in share buybacks in 2026; management also said further German reforms and faster government action were needed to sustain economic momentum.

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Daqo New Energy Corp.

DQ Q3 2026

Reported: 2026-10-30

Daqo’s shares rose 7.9% after earnings, with the clearest positive signals being a sharp rebound in shipments, lower unit costs and losses that narrowed sequentially. The recovery remains fragile: polysilicon sales prices were still below production cost, near-term demand and industry inventory were weak, and management expects lower production in Q4.

Key takeaways

Q3 polysilicon sales volume climbed to 46.9 thousand metric tons from 15.2 thousand in Q2; production was 53.5 thousand metric tons, with utilization around 70%.
Average selling price increased 2% sequentially to $4.12/kg, while average total production cost fell 9.7% to $5.37/kg and cash cost fell 7.4% to $4.23/kg.
Management expects Q4 production of approximately 35–45 thousand metric tons and full-year 2026 production of 175–185 thousand metric tons; it is also evaluating lower near-term utilization to align output with demand.
Polysilicon prices recovered by quarter-end, but downstream buyers remained cautious and elevated inventories and weak near-term demand continued to weigh on the sector.
Readily convertible assets totaled $2.06 billion at September 30, up from $1.92 billion at Q2-end; Daqo also outlined plans to enter AI data-center power infrastructure through an affiliated entity.

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Airbus SE

EADSY Q3 2026

Reported: 2026-10-30

Airbus reported 9-month revenue of €50.6 billion, up 7%, and kept 2026 guidance unchanged; the stock rose 2.4%, a relatively muted reaction. Higher deliveries and Defence and Space contributions supported growth, while a back-end-loaded delivery profile and ongoing quality issues remain execution risks.

Key takeaways

Commercial aircraft deliveries reached 547 year to date, up from 507 in the same period last year; 196 were delivered in Q3.
Revenue rose 7% to €50.6 billion, and adjusted EBIT increased 8.9% to €4.5 billion. Higher deliveries and Defence and Space performance were partly offset by a weaker U.S. dollar, less favorable hedging and higher R&D.
Free cash flow before customer financing was negative €1.3 billion. Management said the delivery profile is back-end loaded and teams are focused on year-end execution.
Gross commercial aircraft orders were 1,174, with net orders of 1,105 after 69 cancellations; the backlog stood at 9,310 aircraft at September-end.
Airbus cited two quality topics but did not detail them in the available transcript excerpt; 2026 guidance was unchanged.

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eBay Inc.

EBAY Q3 2026

Reported: 2026-10-30

eBay shares rose 2.7% after the earnings report, a roughly flat reaction. Q3 GMV and revenue grew, while management also highlighted growth in strategic categories and ongoing investment.

Key takeaways

GMV rose 13% to more than $23 billion; revenue increased 11% to $3.2 billion.
Non-GAAP operating income grew 11%, and non-GAAP EPS increased nearly 12%.
Focus-category GMV grew 24%; focus categories, C2C and recommerce grew approximately 20% in aggregate and represented 72% of GMV, excluding Depop.
Depop accelerated materially and contributed to total FX-neutral GMV growth of nearly 16%.
Growth in focus categories was led by collectibles, eBay Motors, fashion and refurbished goods; luxury fashion delivered another quarter of healthy double-digit GMV growth.

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New Oriental Education & Technology Group Inc.

EDU Q1 2027

Reported: 2026-10-30

New Oriental shares fell 15.3% after earnings, despite revenue growth exceeding management’s guidance range. The likely concern is pressure on the consolidated margin from East Buy’s rapid growth and larger revenue mix share, which management highlighted as affecting group margins even as individual businesses’ margins expanded.

Key takeaways

Revenue rose 23.1% year over year to $1.87 billion; non-GAAP operating income increased 21.2% to $406.8 million.
Overseas test-prep revenue grew about 8%, overseas study consulting about 7%, and adults and university students 22%.
New education initiatives grew revenue 25% year over year; non-academic tutoring and the intelligent learning system and device business were each launched in around 60 cities.
Management said East Buy’s rapid growth increased its share of group revenue and its weight in consolidated operating margin; it described overall margins as stable and cited year-over-year margin expansion in core education and East Buy.
The company invested $28.2 million in its OMO teaching platform and said its AI-powered learning platform began generating sales within 25 days of launch.

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EMCOR Group, Inc.

EME Q3 2026

Reported: 2026-10-30

EMCOR’s results were sharply higher, while the stock gained 1.6% after earnings—a roughly flat reaction under the stated threshold. Revenue, margins, and RPOs advanced, with particularly rapid data-center growth; the transcript excerpt does not include the full guidance discussion.

Key takeaways

Revenue reached a quarterly record of $5.54 billion, up 28.8% year over year and 25.5% organically.
Adjusted operating margin was 10.5%, and adjusted diluted EPS rose 46% to $9.60.
Remaining performance obligations hit a record $18.57 billion, up 47% year over year and 8.3% sequentially; data-center RPOs were $8.74 billion, more than double the year-ago level.
Electrical Construction revenue increased 44.3%, including 68% growth in network and communications; Mechanical Construction revenue rose 43.1%, with network and communications up nearly 130%.
Building Services revenue grew nearly 5%, operating income increased 11.5%, and margin expanded 50 basis points; Industrial Services performed roughly in line with the prior-year quarter.

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Enphase Energy, Inc.

ENPH Q3 2026

Reported: 2026-10-30

Enphase shares fell 16.0% after earnings, as weaker-than-expected sell-through and a sharply lower Q4 revenue outlook pointed to continued demand pressure. Management expects global sell-through to decline about 10% sequentially in Q4, with shipments planned below sell-through to reduce channel inventory.

Key takeaways

Q3 revenue was $293.3 million, including $85 million of safe-harbor revenue; global revenue and sell-through each rose about 1% sequentially, below the company’s original expectation of roughly 10% sell-through growth.
U.S. sell-through increased 5% sequentially but fell 35% year over year. Management cited higher interest rates and the transition after the 25D tax credit expired.
Q4 revenue guidance is $225 million–$255 million, including approximately $51.2 million of safe-harbor revenue. The company expects global sell-through to fall about 10% sequentially and plans to ship roughly $20 million below sell-through.
Non-GAAP gross margin was 45% and operating margin was 18.3%. Channel inventory ended the quarter a little above normal for batteries and microinverters.
There were pockets of growth: U.S. commercial sell-through rose about 50% sequentially as IQ9 Commercial Microinverters ramped, and Netherlands battery activations increased 23%.

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EPR Properties

EPR Q3 2026

Reported: 2026-10-30

EPR’s 12% revenue growth and 8.8% increase in adjusted FFO per share were accompanied by a higher 2026 investment-spending outlook, and the stock rose 5.1% after earnings. The call also highlighted improving portfolio coverage and continued diversification beyond theaters, though theaters still account for roughly one-third of the portfolio.

Key takeaways

Revenue increased 12% and adjusted FFO per share rose 8.8% year over year in Q3.
EPR invested $172.4 million during the quarter at an average initial cash yield of approximately 8.3%; year-to-date investment reached $664.5 million.
The company raised 2026 investment-spending guidance to $675 million–$725 million, from a midpoint increase of 8% over 2025.
Portfolio coverage increased to 2.1x; the $7.6 billion portfolio included 350 properties and was 99% leased or operated.
Theaters remain roughly one-third of the portfolio, with EPR targeting about 20% over time; year-to-date box office was up approximately 20% through September.

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Equinix, Inc. (REIT)

EQIX Q3 2026

Reported: 2026-10-30

Equinix’s Q3 showed continued growth in recurring revenue, bookings and AFFO per share, alongside a full-year guidance increase. The stock rose 2.9% after earnings, a roughly flat reaction that suggests a measured response rather than a decisive market verdict.

Key takeaways

Monthly recurring revenue grew 11% on a normalized, constant-currency basis; interconnection revenue rose 10%, with Fabric up 24%.
Annualized gross bookings reached a record $533 million, up 35%; total sales activity rose 38% for a third consecutive quarter above 30%.
Normalized AFFO per share increased 12%, excluding the atNorth transaction; including atNorth, it grew 18%.
Pricing on new deals was up 12% year over year, while churn was 1.7%; management said renewal pricing was also increasing.
Q3 liquid-cooling bookings grew more than tenfold year over year, though the transcript does not provide a financial contribution or margin impact.

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Etsy, Inc.

ETSY Q3 2026

Reported: 2026-10-30

Etsy’s shares rose 5.4% after the company reported 8.8% year-over-year marketplace GMS growth and said active buyers returned to growth for the first time in two years. Management also pointed to improving GMS per active buyer and an estimated 2-percentage-point contribution from personalization improvements to annualized GMS growth.

Key takeaways

Marketplace GMS was $2.6 billion, up 8.8% year over year; revenue was $692 million on a 26.2% take rate.
Adjusted EBITDA was $210 million, a 30.4% margin.
Active buyers grew year over year for the first time in two years, while active sellers grew at their fastest rate in two years; management also cited improving seller retention.
Personalization improvements were estimated to have contributed approximately 2 percentage points to the annualized year-over-year GMS growth rate by Q3.
Management said some external GMS tailwinds remain, while its strategic initiatives are contributing more; the transcript also highlights continued investment in discovery, marketing, and buyer and seller support.

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Expand Energy Corporation

EXE Q3 2026

Reported: 2026-10-30

Expand Energy’s shares fell 3.2% after earnings, suggesting investors were not persuaded by management’s upbeat framing. The transcript offers no explicit guidance cut, but the emphasis on expected fourth-quarter marketing profits amid low prices and low volatility leaves near-term commodity conditions as a likely concern.

Key takeaways

Production was approximately 7.5 Bcfe per day in the third quarter.
Expand expects combined Expand and Twin Eagle marketing profits to add $0.12/Mcfe to fourth-quarter margin, even in an anticipated low-price, low-volatility period.
Hedging improved realized prices by $0.46/Mcfe.
Net debt was $4.7 billion, with leverage of 0.8x; the company repurchased $35 million of shares in the quarter.
The call highlighted the Twin Eagle integration and appointment of Dan Brown as CEO, but did not provide quantified synergy targets or updated financial guidance.

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Four Corners Property Trust, Inc.

FCPT Q3 2026

Reported: 2026-10-30

FCPT’s shares rose 1.4%, a relatively muted reaction to a quarter marked by record year-to-date acquisitions and a 3.5% dividend increase, alongside management’s warning that current acquisition spreads are generally too thin or negative. The company is emphasizing capital discipline and has authorized a $100 million repurchase program, which it will use only if its investment thresholds are met.

Key takeaways

FCPT acquired $410 million of properties year to date at a blended 6.6% cash cap rate and 7.2% GAAP cap rate; acquisitions over the past 12 months totaled $505 million.
Management said current external cap rates are generally too low to meet its quality thresholds, with investment spreads thin to negative in most cases. It does not provide acquisition guidance and says it will pause rather than pursue scale at the expense of shareholder returns.
The board authorized a $100 million share repurchase program. Management said it views the current landscape as the best buyback opportunity since FCPT’s founding, but repurchases depend on meeting its return thresholds.
Portfolio occupancy remains above 99%, and Q3 rent coverage was 5.3x for the majority of the portfolio reporting that metric. Darden extended all leases maturing in 2027, with no rent reductions or FCPT capital contributions; rents continue to increase 1.5% annually.
Darden represents 40% of cash rent, while medical retail contributes 16%, automotive service 13% and quick service 10%. The fourth-quarter dividend was increased 3.5%, with monthly payments beginning in August.

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FirstEnergy Corp.

FE Q3 2026

Reported: 2026-10-30

FirstEnergy’s shares rose 0.3%, a roughly flat reaction. The company reaffirmed 2026 Core EPS guidance and cited growing large-load demand and planned transmission investment, while the Maidsville project and additional West Virginia opportunities still depend on regulatory and customer negotiations.

Key takeaways

Third-quarter Core EPS was $0.98, up from $0.83 a year earlier; GAAP EPS was $0.96, versus $0.76.
First-nine-month Core EPS rose 9% to $2.20. The company reaffirmed 2026 guidance of $2.62–$2.82 per share and expects results at or slightly above the midpoint.
FirstEnergy reported 7.9 GW of contracted data center demand and about 4 GW in active negotiations. It expects demand growth to drive at least a 25% increase to its current $19 billion transmission investment plan in an updated five-year plan.
Through September, the company deployed $4.9 billion in investments, up 23% from the same period of 2025. Trailing-12-month consolidated ROE was 9.5%, in line with its target.
Maidsville awaits a West Virginia commission order expected in the fourth quarter; the company has reserved turbines for 2030 delivery. It also issued an RFP for 3 GW of additional combined-cycle capacity and expects an update in early 2027.

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Ferrovial, S.A.

FER.MC Q3 2026

Reported: 2026-10-30

Ferrovial shares rose 4.1% after earnings, with growth in managed-lanes revenue per transaction and construction profitability among the positives. The main offset was weaker traffic at 407 ETR and parts of the U.S. network, attributed to economic conditions, promotions and capacity constraints.

Key takeaways

407 ETR revenue rose 18.4% and EBITDA 21% in the first nine months, while Q3 traffic fell 7.1%; toll increases were the primary revenue-growth driver.
U.S. managed lanes posted double-digit first-nine-month growth in revenue per transaction: 17.1% at NTE, 12% at LBJ and 15.6% at NTE 35W. Traffic was down at NTE and NTE 35W, while LBJ transactions rose 5.6% in Q3.
Construction’s adjusted EBIT margin reached 4.1% in the first nine months. Ferrovial reported net cash of €1.66 billion at September, excluding infrastructure project companies.
407 ETR approved a further CAD 1.05 billion dividend for Q4, bringing 2026 dividends approved to CAD 2.1 billion versus CAD 1.5 billion in 2025.
Ferrovial was awarded I-285 East Express Lanes and selected for the D35 highway P3 project; the transcript also flags that the stated March 2027 airport Phase A DBO remains subject to conditions, including contractor fulfillment of a remediation plan.

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Finnair Oyj

FIA1S.HE Q3 2026

Reported: 2026-10-30

Finnair’s shares fell 2.8% after earnings, a roughly flat market reaction. The quarter showed higher revenue and operating profit, but the transcript provides no specific guidance update or clear evidence of what drove the move.

Key takeaways

Revenue grew 14.2%; comparable operating result was €84 million, versus €50.7 million in the year-earlier quarter, which management said was affected by industrial action.
Operating cash flow was close to €180 million. The company said 81% of third-quarter jet fuel needs were hedged and more than 70% of fourth-quarter needs.
Load factor was close to 82%, up 2 percentage points on average across traffic regions. Asia load factor was close to 86%, with unit revenue up nearly 8%; North Atlantic yield rose close to 14%.
Ancillary revenue grew 16.3%, while revenue per passenger increased 9%. Finnair reported 2.6 million active Finnair Plus members at quarter-end.
Flights to the Middle East remain suspended because of the safety and security situation; management said the region had represented 3% of planned capacity for the fiscal year. Fuel volatility and the war in Iran remain concerns.

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Freddie Mac

FMCC Q3 2026

Reported: 2026-10-30

Freddie Mac shares rose 13.5% after earnings, as investors responded to higher year-over-year net income and revenue, portfolio growth, and lower expenses. The quarter also included a much larger credit-loss provision, driven by a single-family reserve build, while elevated mortgage rates continued to weigh on housing-market activity.

Key takeaways

Net income increased 17% year-over-year to $3.2 billion; net revenues rose 19% to $6.8 billion.
Net interest income increased 8% to $5.7 billion, while net interest yield rose 3 basis points to 67 basis points.
The $800 million credit-loss provision was up from $175 million a year earlier, primarily reflecting a single-family reserve build tied to higher projected mortgage rates and new acquisitions.
Non-interest expense fell 6% year-over-year to nearly $2 billion; the total mortgage portfolio grew 2% to nearly $3.7 trillion.
Mortgage rates ended the quarter at 7.03%. The single-family serious delinquency rate was 61 basis points, up 4 basis points year-over-year.

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FormFactor, Inc.

FORM Q3 2026

Reported: 2026-10-30

FormFactor shares fell 11.6% after earnings, despite Q3 results topping the company’s outlook range. The likely concern is that growth is nearing capacity limits at existing factories: management said it is reaching those limits and will rely on ramping the new Farmers Branch facility through 2027.

Key takeaways

Q3 revenue grew close to 40% year over year within essentially the same manufacturing footprint; revenue, gross margin and EPS each exceeded the high end of the company’s outlook range.
Foundry and Logic revenue rose 10% sequentially. FormFactor shipped probe cards for one leading-f foundry GPU design in multimillion-dollar volumes and said Farmers Branch will provide capacity for potential 2027 share gains.
DRAM probe card revenue was essentially flat sequentially at Q2’s record level, but the mix shifted from HBM toward DDR5. The company also reported record gross margin performance, which it attributed in part to manufacturing cost reductions.
Systems revenue reached a record, up 20% sequentially, on demand for TRITON co-packaged optics systems; the company now expects upwards of $30 million of TRITON revenue in 2026, versus its initial $10 million–$20 million expectation.
Farmers Branch’s assembly and test operation has been qualified, and the first production unit has shipped. Management’s top priority for 2027 is ramping the facility while maintaining efficiency and product quality.

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TechnipFMC plc

FTI Q3 2026

Reported: 2026-10-30

TechnipFMC shares fell 6.2% after the earnings release. The transcript points to a likely concern around the forward outlook: management highlighted a growing subsea opportunity pipeline and market durability, but gave no specific forward guidance in the remarks provided, leaving the quarter’s positive cash generation and execution milestones without a quantified outlook.

Key takeaways

Revenue was $2.9 billion; adjusted EBITDA was $636 million, with a 22% margin excluding foreign exchange impacts.
Free cash flow reached $470 million for the quarter.
Inbound orders totaled $2.1 billion, including flexible-pipe awards in Angola and Brazil and an integrated Petronas contract for Limbayong.
The subsea opportunity list reached $32 billion at the midpoint of project values, up 25% over two years and rising for the ninth consecutive quarter.
Management described offshore activity as durable, but the remarks provided no specific revenue, margin, or order guidance.

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Fortinet, Inc.

FTNT Q3 2026

Reported: 2026-10-30

Fortinet shares fell 20.1% after earnings. The transcript gives no explicit explanation for the selloff, but it points to a potential concern: product revenue grew 37% while total revenue grew 20%, and the supplied remarks end before management completes its outlook discussion, so the full-year and fourth-quarter guidance cannot be assessed here.

Key takeaways

Billings rose 29% to $2.34 billion; total revenue increased 20% to $2.08 billion.
Product revenue grew 37% to $765 million, despite increasing lead times for certain components.
SASE firewall billings grew 31%; OT billings grew nearly 40%, and billings from AI-driven security operations rose 15%.
Deals valued above $1 million increased 51%, with an outsized contribution from U.S. large enterprise customers.
Management said it raised 2026 billings and revenue guidance, but the transcript provided does not include the guidance figures or the fourth-quarter outlook.

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Alphabet Inc.

GOOGL Q3 2026

Reported: 2026-10-30

Alphabet’s shares fell 12.6% after earnings, despite rapid revenue growth; the transcript points to a likely concern that Cloud’s 103% growth is constrained by capacity, with management saying it is working to bring more capacity online. The excerpt offers little financial outlook detail to explain the selloff, so the precise driver is unclear.

Key takeaways

Alphabet revenue grew 25% year over year; Pichai said the company is at a $0.5 trillion annual run rate.
Google Cloud revenue grew 103%, driven by AI infrastructure and solutions. Management cited strong demand and capacity constraints.
Search query growth reached its highest year-over-year rate in five years, according to Pichai; queries in AI Mode are three times longer on average than traditional searches.
Gemini’s first-party model APIs processed nearly 32 billion tokens per minute, up 40% from the prior quarter and more than fourfold from a year ago; the Gemini app reached 1 billion users.
YouTube Music and Premium surpassed 150 million subscribers globally, including trials. Waymo said it operates in 15 U.S. cities and has driven more than 300 million fully autonomous miles.

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Happen, Inc. Common Stock

HAPN Q3 2026

Reported: 2026-10-30

Happen’s shares rose 11.9% after the company reported record pretax income and 26% growth in originations, alongside strong earnings growth. The quarter also showed continued expansion in deposits and a new home-improvement lending channel, though management cited higher rates as a factor partly offset by loan-sale pricing.

Key takeaways

Pretax income increased 34% year over year to a record $76.8 million; diluted EPS rose 35% to $0.50.
Originations grew 26% to $3.3 billion, and return on tangible common equity was 15.8%.
Total assets reached $13.3 billion, up 20%; deposits were $11.5 billion, up 22%. The company ended the quarter with a 17% total risk-based capital ratio.
Home-improvement financing generated more than $100 million in volume in its first full quarter; HappenConnect reduced partner onboarding time by 60%, with additional partners expected in Q4.
Management said rising rates are increasing funding costs, while loan-sale structures and pricing are helping partially offset the impact; the company remains on track to launch home equity in the second half of next year.

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The Hartford Financial Services Group, Inc.

HIG Q3 2026

Reported: 2026-10-30

The stock fell 1.8%, a roughly flat reaction. The quarter showed solid profitability, but results were mixed: middle and large business insurance had a 99.5 underlying combined ratio, reflecting higher non-cat property and workers’ compensation loss ratios, while competitive pressure weighed on personal insurance premium growth.

Key takeaways

Core earnings were $956 million; trailing-12-month core earnings ROE was 17.9%.
Business insurance written premiums grew 6%, with a 90.1 underlying combined ratio. Small business premiums rose 7% and its underlying combined ratio was 85.2.
Middle and large business insurance premiums grew 3%; its 99.5 underlying combined ratio reflected higher non-cat property and workers’ compensation loss ratios. National accounts premiums were lower.
Personal insurance’s underlying combined ratio improved 2.9 points year over year to 87.1, but intense competition in auto weighed on overall premium growth.
Business insurance renewal written pricing declined 40 basis points to 5.3%, excluding workers’ compensation; overall renewal written pricing was 4%.

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Huntington Ingalls Industries, Inc.

HII Q3 2026

Reported: 2026-10-30

HII shares rose 13.2% after earnings, as record sales, higher shipbuilding revenue guidance and a large contract-award quarter appear to have outweighed execution risks. The positive read-through was supported by Mission Technologies’ margin improvement and raised margin guidance.

Key takeaways

Q3 sales reached a record $3.5 billion, with diluted EPS of $5.48. Shipbuilding sales were approximately $2.8 billion, up 14% year over year.
HII raised 2026 shipbuilding revenue guidance to $10.5–$10.7 billion, while holding its shipbuilding margin outlook at 6%–6.5%.
Contract awards exceeded $32 billion in the quarter, driven by submarine awards and a CVN-82 long-lead-materials contract. The CVN-75 refueling and complex overhaul contract was finalized in September and is expected to be recognized in Q4.
Mission Technologies generated more than $790 million in revenue, with a 12% EBITDA margin and 2.4x book-to-bill; management raised its full-year margin guidance.
Execution risks remain: Ingalls’ labor recovery has been slower than expected, though it added a net 576 shipbuilders in Q3. HII said shipbuilding throughput was up approximately 9% year to date.

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Houlihan Lokey, Inc.

HLI Q2 2027

Reported: 2026-10-30

With shares up 1.4% after earnings, the quarter was mixed: revenue rose 5% year over year to $692 million, while adjusted EPS was flat at $1.85. Higher average transaction fees supported Corporate Finance growth, but deal counts fell in both Corporate Finance and Restructuring, and adjusted non-compensation costs increased.

Key takeaways

Corporate Finance revenue increased 10% to $481 million, despite transactions declining to 142 from 171; higher average fees reflected a greater share of high-fee deals.
Restructuring revenue fell 12% to $118 million, with transactions down 27% to 27. Management cited record backlog and expects higher revenue in the second half and elevated restructuring revenue through fiscal 2028.
Financial and Valuation Advisory revenue rose 7% to $93 million; fee events were nearly flat at 1,071 versus 1,075 a year earlier.
Adjusted non-compensation expenses grew 11% to $91 million, lifting the expense ratio to 13.3% from 12.5%. The adjusted compensation ratio remained at 61.5%.
Management described the market as normalizing but remained cautious about macro volatility, interest rates, geopolitical instability, and software-sector dislocation.

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Hornbeck Offshore Services, Inc

HOS Q2 2026

Reported: 2026-10-30

Helix’s shares rose 1.7%, a roughly flat reaction. Q1 included expected seasonal softness and Thunder Hawk workover costs; the company maintained its 2026 guidance.

Key takeaways

Q1 revenue was $288 million, gross profit was $9 million, and net loss was $13 million. Adjusted EBITDA was $32 million.
Operating cash flow was $62 million and free cash flow was $9 million; quarter-end cash was $501 million, with $612 million of liquidity.
Helix maintained 2026 guidance: revenue of $1.2–$1.4 billion, EBITDA of $230–$290 million, CapEx of $70–$80 million, and free cash flow of $100–$160 million. EBITDA guidance reflects the Thunder Hawk workover and upcoming Siem Helix 1 docking.
Management cited seasonal impacts in the North Sea and Gulf of America shelf, while highlighting strong Q4 thousand utilization and the Seawell’s return to North Sea operations.
The announced all-stock Helix–Hornbeck combination targets at least $75 million of annual revenue and cost synergies within three years after closing; closing is expected in the second half of 2026, subject to approvals.

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Heritage Insurance Holdings, Inc.

HRTG Q3 2026

Reported: 2026-10-30

Heritage shares rose 4.1% after earnings, as investors appeared to favor higher quarterly EPS despite catastrophe losses and pressure on Florida commercial premiums. The quarter also showed improving underlying loss performance and lower reinsurance costs, while competitive pricing remains a constraint on growth.

Key takeaways

Third-quarter net income was $51.1 million versus $50.4 million a year earlier; diluted EPS rose to $1.72 from $1.63.
Catastrophe losses were $15.8 million pretax, compared with none in the prior-year quarter. Excluding catastrophes, weather, and prior-year development, the loss ratio improved by 4 points.
Florida commercial premium in force fell 16% year over year amid aggressive pricing, despite higher policy count and insured values; management said it will continue to avoid business it considers underpriced.
The ceded premium ratio declined to 41.7% from 46.1%, with the company citing approximately $63 million in annualized savings from its reinsurance program.
Personal lines premium in force was slightly higher and average premium per policy rose 5%; management expects personal lines policy count growth to resume in 2027.

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HSBC Holdings plc

HSBC Q3 2026

Reported: 2026-10-30

HSBC shares fell 5.3% after the results, suggesting investors focused on pressure beneath the headline growth: IWPB revenue declined slightly, Hong Kong time-deposit margins came under pressure, and U.K. deposit competition intensified. Management held guidance unchanged, but banking NII growth also included one-off and other temporary benefits.

Key takeaways

Revenue rose 5% to $18.7 billion and profit before tax increased 10% to $10 billion, both excluding notable items; notable items reduced quarterly profit by $0.4 billion.
Banking NII increased $0.6 billion year on year to $11.7 billion. The quarter-on-quarter increase included $0.1 billion each from one-offs, the structural hedge and day count; full-year guidance remains at least $46 billion.
IWPB revenue fell slightly. Management cited strategic transactions and the non-recurrence of about $0.1 billion in prior-year insurance benefits; Asset Management growth was offset by margin compression.
Credit guidance remains around 45 basis points for 2026 after a third-quarter ECL charge of $0.8 billion, or 31 basis points annualized. Cost growth was 1% year on year on a target basis, with the 2026 target unchanged.
Wealth net new money in Asia was $38 billion in the quarter and more than $95 billion year to date; deposits increased $105 billion over 12 months, including held-for-sale balances.

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Howmet Aerospace Inc.

HWM Q3 2026

Reported: 2026-10-30

Howmet shares rose 5.4% after results, with the quarter’s revenue, EBITDA margin, and EPS all above the high end of company guidance. Organic revenue growth accelerated to 25%, while strong aerospace and gas-turbine demand drove higher earnings.

Key takeaways

Revenue increased 29% to $2.7 billion, or 25% excluding the net impact of this year’s transactions; organic growth accelerated from 21% in Q2.
Adjusted EBITDA rose 43% to $879 million, with a 32.5% margin, up 310 basis points year over year. EPS was $1.46, up 54%.
Commercial aerospace revenue grew 32% (27% organically), and gas-turbine revenue grew 45%. Spares revenue increased 30% to approximately $570 million.
Free cash flow was $562 million after $147 million of capital expenditure. Howmet repurchased $500 million of shares in the quarter and ended with net debt of 1.3 times trailing EBITDA.
Fastening Systems’ EBITDA margin fell 140 basis points year over year and 70 basis points sequentially, reflecting the increased contribution from CAM.

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Intercontinental Exchange, Inc.

ICE Q3 2026

Reported: 2026-10-30

ICE rose 4.5% after earnings, with investors responding to record quarterly results: adjusted EPS grew 18% to $2.02 and net revenue rose 15% to $2.8 billion. The outlook was not uniformly favorable, however: full-year expenses are now expected at the top end of the prior range, and planned CapEx increased to about $1.05 billion.

Key takeaways

Adjusted operating income increased 19% to $1.7 billion; recurring revenue reached a record $1.4 billion, up 7%, while transaction revenue grew 23%.
Exchanges net revenue rose 22% to $1.5 billion. Transaction revenue increased 28%, led by energy (+26%), interest rates (+48%), and agricultural and metal (+62%).
Fixed Income and Data Services revenue reached a record $674 million, up 9%; recurring revenue was also a record at $538 million, up 9%.
Fourth-quarter adjusted operating expenses are forecast at $1.082 billion–$1.092 billion, putting full-year expenses at the top end of the range given in July. Full-year CapEx is now expected to be about $1.05 billion, largely reflecting a planned Atlanta campus purchase.
ICE returned $693 million to shareholders in the quarter through buybacks and dividends. MarketAxess financing is in place, and ICE now expects the acquisition to close in the first quarter of 2027.

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Jushi Holdings Inc.

JUSH Q3 2026

Reported: 2026-10-30

Jushi’s Q3 results showed continued revenue growth and record wholesale sales, alongside slightly lower gross and adjusted EBITDA margins. Shares rose 2.8% after earnings, a broadly neutral reaction that does not signal a decisive market verdict.

Key takeaways

Revenue increased 7.3% year over year to $70.5 million, the second consecutive quarter above $70 million.
Wholesale revenue rose 40% to a quarterly record $9.7 million; retail revenue grew 3.5% to $60.8 million. Retail units sold rose 8.4%, while lower average selling prices weighed on revenue growth.
Gross profit increased to $32.3 million, but gross margin declined about 80 basis points to 45.9%.
Adjusted EBITDA rose to $13.6 million, while margin eased to 19.3% from 19.5%. The increase came despite lower employee retention credit income.
Virginia retail revenue grew 7.6% year over year to a second consecutive quarterly record as Jushi prepares for adult-use sales scheduled to begin July 1, 2027.

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KONE Oyj

KNEBV.HE Q3 2026

Reported: 2026-10-30

KONE shares fell 3.5% after earnings, suggesting investors focused on the cautious outlook: management said China’s new-building market remained difficult and Americas unit volumes declined slightly. Order growth and margin expansion were positives, but the transcript does not provide enough detail on the full-year outlook to establish whether it changed.

Key takeaways

Orders received grew 5.5% in Q3 and 6.8% year to date; management highlighted broad-based growth in Asia Pacific, the Middle East and Africa.
Sales grew 3.8% in the quarter, with year-to-date growth of 4.6%; management said this remained within its guidance range.
Adjusted EBIT margin expanded by 40 basis points, supported by favorable business mix and cost management.
Cash flow was affected by higher inventories linked to logistical disruption in the Middle East, though management described year-to-date cash flow as healthy.
Market conditions were mixed: China’s new-building market remained difficult, while Americas unit volumes declined slightly despite market growth of more than 10% in value terms.

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Laureate Education, Inc.

LAUR Q3 2026

Reported: 2026-10-30

Shares were roughly flat, down 1.0% after earnings. Laureate reported quarterly revenue and adjusted EBITDA ahead of its prior guidance, helped by favorable foreign exchange, and reaffirmed full-year guidance; the transcript excerpt does not provide enough detail to assess the rest of the quarter’s financial picture.

Key takeaways

Third-quarter revenue was **$485 million** and adjusted EBITDA was **$147 million**, both ahead of guidance provided three months earlier; management cited favorable FX.
New enrollment growth was **8% in Mexico** versus the comparable intake period and **9% in Peru** during the secondary intake, which is still underway.
Total enrollment volumes increased **6%** for the current intake cycle, according to the CFO’s opening financial remarks.
Management reaffirmed full-year guidance and announced a **$150 million increase** to the stock repurchase program.
Laureate expects to open a Southern Lima campus in the first quarter and a campus in Mérida before Mexico’s September 2027 main intake; it also flagged potential operational disruption from El Niño in Peru from November 2026 to February 2027.

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L3Harris Technologies, Inc.

LHX Q3 2026

Reported: 2026-10-30

L3Harris shares rose 6.8% after the company reported 9% organic revenue growth, 33% EPS growth, and a record $53 billion backlog. The positive reaction aligns with strong quarterly cash generation and substantial missile-program awards, though the excerpt does not include the full updated guidance or outlook.

Key takeaways

Organic revenue increased 9% year over year despite one fewer week in the quarter; EPS was $3.28, up 33%.
Free cash flow reached $1.3 billion, up 195%, and book-to-bill was 3.2, lifting backlog to a record $53 billion.
Missile Solutions booked $11 billion of contractual backlog, tied to PAC-3 and THAAD; management said PAC-3 solid rocket motor deliveries doubled from last year and are expected to double again in 2027.
The company plans to triple THAAD solid rocket motor deliveries in 2027 versus 2026 and said its Arkansas facilities are expected to increase large solid rocket motor manufacturing capacity sixfold.
Space investments include roughly $175 million in R&D over three years; the company also cited a $955 million AMDT3 award and an $876 million Next Gen Jammer low-band contract.

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Linde plc

LIN Q3 2026

Reported: 2026-10-30

Linde’s shares fell 1.0% after earnings, a roughly flat reaction. Sales and EPS reached quarterly records, but underlying growth was concentrated by end market and geography, while operating margin was down year over year and flat excluding cost pass-through.

Key takeaways

Sales were $9.4 billion, up 9%; underlying sales growth was 5% after currency, cost pass-through, acquisitions and engineering contributions.
Volume rose 2%, roughly split between project backlog and organic growth; prices increased 3%, partly reflecting inflation recovery.
Operating profit grew 8% to $2.8 billion, and EPS was $4.59. Operating margin was 29.4%, down 30 basis points year over year and flat excluding cost pass-through.
Growth varied across markets: electronics rose 15%, chemicals and energy 12%, manufacturing 7%, food and beverage 3%, and healthcare 2%; healthcare growth was mid-single digit excluding Lincare.
Linde recorded a $425 million restructuring charge, primarily for severance and portfolio and asset actions. Management is restructuring Lincare and evaluating strategic alternatives.

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LKQ Corporation

LKQ Q3 2026

Reported: 2026-10-30

LKQ shares rose 5.3% after the earnings release. The quarter showed weaker performance and a suspended 2026 outlook, while management acknowledged execution issues—particularly in Europe—and announced leadership changes and a pause in the strategic review.

Key takeaways

North America organic revenue declined 2.4%; repairable claims declined 1% to 3%.
The Board suspended full-year 2026 guidance amid recent performance and the leadership transition.
LKQ appointed Sal Abbate CEO, effective December 15, following Justin Jude’s departure on October 23.
Alvarez & Marsal was engaged to advise on stabilizing European operations, including ERP-related issues and service levels.
The Board suspended the strategic review, including the specialty sales process, pending the new CEO’s assessment.

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Eli Lilly and Company

LLY Q3 2026

Reported: 2026-10-30

Lilly shares rose 6.5% after Q3 revenue grew 39% and the company raised full-year financial guidance. The headline growth was tempered by lower realized prices and roughly $900 million of one-time or estimate-related revenue benefits.

Key takeaways

Revenue increased 39% year over year; gross margin rose 80 basis points to 84.4%, while the non-GAAP performance margin reached 54.2%, up 5.9 percentage points.
Non-GAAP EPS was $7.48, including $4.57 of acquired IPR&D charges; the prior-year quarter was $7.20, including $0.71 of such charges.
U.S. revenue grew 34%, primarily on Mounjaro and Zepbound volume, but U.S. price declined 7%—or 10% excluding a favorable rebate-and-discount estimate adjustment.
Q3 revenue benefited by approximately $900 million from previously noted items, including a $410 million one-time milestone payment in Europe and the U.S. estimate adjustment.
Lilly raised full-year financial guidance; the call also cited continued product launches and pipeline investment, with R&D expense up 23% year over year.

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Cheniere Energy, Inc.

LNG Q3 2026

Reported: 2026-10-30

Shares rose 7.1% after Cheniere raised full-year guidance for the third consecutive quarter, alongside record quarterly LNG exports and the completion of Corpus Christi Stage 3. The results also included new long-term contracts that management said support its brownfield growth plans.

Key takeaways

Third-quarter adjusted EBITDA was approximately $1.9 billion, distributable cash flow approximately $1.2 billion, and net income approximately $1.2 billion.
Cheniere exported a quarterly record 188 cargoes, or 684 TBtu, up approximately 17% year over year; it also reported a daily production record of over 8.33 Bcf/d.
Full-year 2026 guidance rose to $8.75–$9.25 billion in adjusted EBITDA and $6.05–$6.55 billion in distributable cash flow.
Train 7 at Corpus Christi Stage 3 reached substantial completion in late August, completing the project; management said it finished ahead of schedule and on budget.
The company announced long-term SPAs with Petrobras and QatarEnergy totaling approximately 5 million tonnes. It also repurchased approximately $730 million of shares and raised its quarterly dividend by over 12% to $0.625.

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Lynas Rare Earths Limited

LYSDY Q1 2027

Reported: 2026-10-30

Lynas rose 7.8% after reporting record quarterly sales of AUD 310 million, up 7% from the prior quarter and 55% year over year, alongside record production. The update also highlighted plans to expand capacity, though a roughly one-month Kuantan maintenance shutdown and a Kalgoorlie shutdown of just over two weeks will affect operations before the company targets maximum production in the January quarter.

Key takeaways

Gross sales reached a quarterly record of AUD 310 million; management attributed the increase to favorable market conditions, demand for rare earth supply outside China, and higher market prices.
Mt Weld production ramped up strongly by September, while LAMP set a new NdPr production record in August and again in September. DyTb volumes also continued to grow.
Production exceeded sales by about 1,200 tonnes, but management did not provide product-level inventory or NdPr sales figures; it said it generally holds only a few days of stock at quarter-end.
December work includes about a month of Kuantan maintenance, including kiln bridge replacement and capacity modifications, plus a Kalgoorlie shutdown of slightly more than two weeks for a grid upgrade and equipment improvements.
Lynas is assessing an acquisition of Meteoric’s Caldeira project and plans to move Mt Weld mining into DyTb-rich zones to increase heavy rare earth supply; the transcript did not specify timing or production targets for either.

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Mastercard Incorporated

MA Q3 2026

Reported: 2026-10-30

Mastercard shares rose 4.2% after earnings, with investors responding to Q3 net revenue growth of 14% and net income growth of 18%, both on a year-over-year, currency-neutral basis. The excerpt also points to continued expansion in acceptance and new customer programs, though it does not include the company’s outlook.

Key takeaways

Q3 net revenue grew 14% and net income grew 18% year over year on a non-GAAP, currency-neutral basis.
Mastercard said it has more than 200 million acceptance locations and 300 million additional digital access points; merchant acceptance was up 20% year over year in the first half of 2026.
The company signed 15 Essential Debit programs across seven markets this year, targeting markets where partners could address up to 70 million unbanked adults.
Mastercard reported 100 new affluent credit and debit program wins this year and said affluent spend is growing two times faster than overall credit.
New and renewed issuer relationships included deals with major banks in the Nordics, Germany, China, the U.S., and India; the excerpt does not provide quantified financial contributions from these wins.

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Mid-America Apartment Communities, Inc.

MAA Q3 2026

Reported: 2026-10-30

MAA’s shares rose 1.3%, a broadly neutral reaction. Third-quarter core FFO met management’s expectations, but later-than-expected recovery in new-lease pricing prompted a revised full-year outlook; early October leasing trends showed sequential improvement.

Key takeaways

Same-store NOI was in line with expectations: lower-than-projected property operating expenses offset lower-than-projected revenue, primarily due to weaker new-lease pricing.
Management now expects year-over-year improvement in new-resident lease-over-lease rates in the fourth quarter, later than its prior expectation for the third quarter.
Renewal performance improved: the year-over-year rate of improvement accelerated to 80 basis points in Q3 from 50 basis points in Q2.
Preliminary October blended lease-over-lease rates were more than 100 basis points above October 2025, supported by improving new-lease pricing and sustained renewals.
MAA completed its four planned construction starts for the year, including three projects started during the quarter; all are expected to stabilize in 2029.

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Mapfre, S.A.

MAP.MC Q3 2026

Reported: 2026-10-30

Mapfre’s shares fell 7.5% after the update, with the likely pressure coming from modest premium growth and a more challenging growth outlook despite earnings growth. Nine-month premiums were up just over 2% at group level, while Non-Life premiums rose only 1%; management said the growth target was more challenging.

Key takeaways

Net profit reached EUR 924 million, up close to 12%, and ROE was just under 13%.
Group premiums increased just over 2%; Non-Life premiums rose 1% to EUR 17.5 billion, while Life premiums grew 5% to EUR 5.3 billion.
The Non-Life combined ratio was 93.5%, within the 93%–94% target range, despite an EUR 83 million net impact from Colombia’s earthquake.
Non-Life technical result fell 8.8% to EUR 870 million, partly offset by financial income increasing by more than EUR 210 million; the Non-Life business result rose over 8.3% to EUR 1.6 billion.
The interim dividend increased over 14% to EUR 0.08 per share; Mapfre reported a solvency ratio of nearly 209% as of June.

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MiMedx Group, Inc.

MDXG Q3 2026

Reported: 2026-10-30

MiMedx reported mixed third-quarter trends: Surgical sales grew, while Wound Care remained pressured by Medicare reimbursement changes. The stock rose 0.5% after earnings, a roughly flat reaction.

Key takeaways

Net sales were $62 million; Surgical revenue increased 9% year over year, with volume up in the mid-teens.
Management said Surgical growth would have been in the mid-teens excluding nearly $1 million of prior-year opportunistic sales that did not recur and higher rebate adjustments tied to promotional activity.
Wound Care continued to face pricing pressure, lower market volume and disruption from 2026 Medicare reimbursement changes; Wound Care Center volume grew 7% sequentially.
GAAP gross margin was 80%, up 11 percentage points sequentially; adjusted EBITDA was $2 million, a $10 million sequential improvement.
MiMedx announced a $25 million settlement and licensing agreement with one party it says infringed its patents, while two other cases remain in litigation; the Sanara acquisition faces an extended FTC review.

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Mapletree Industrial Trust

ME8U.SI Q2 2027

Reported: 2026-10-30

MIT’s shares fell 2.8% after results, a roughly flat reaction, as lower distribution and occupancy point to pressure in the near term. DPU declined 6.6% year on year, with the data center occupancy drop—especially in North America—standing out as a key concern.

Key takeaways

Q2 net property income fell 3.5% year on year to $119.8 million; DPU was $0.0297, down 6.6% year on year and 4.5% quarter on quarter.
Portfolio occupancy slipped from 90.7% to 89.7%, driven by data centers, where occupancy fell from 85% to 82.1%; North American data center occupancy was 79.1% after the San Diego lease expiry.
Management said post-quarter reletting at Alpharetta and leasing at San Jose should help improve North American occupancy. Singapore occupancy remained resilient, supported by 184 renewals and 65 new leases; Kallang Way was 72.4% committed, with a 75% target by fiscal year-end.
Aggregate leverage was 37.7%, average borrowing cost 3.3%, and 91% of distributable income for the next 12 months was hedged or derived in Singapore dollars. Repricing maturing swaps could lift borrowing costs to 3.5%–3.6% in FY2026–27 and slightly below 4% in FY2027–28.

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Mirion Technologies Inc. Class A Common Stock

MIR Q3 2026

Reported: 2026-10-30

Mirion’s shares rose 8.7% after earnings, with the market responding to a 62% increase in organic orders and management’s expectation of mid- to high-teens organic revenue growth in Q4. The upside is tempered by management’s admission that its 2028 margin target was too aggressive, citing slower medical growth, delayed Paragon margin expansion, and increased investment priorities.

Key takeaways

Q3 orders rose 62% year over year excluding M&A to $340 million; total orders, including Paragon and Certrec, increased 85% to $386 million.
Nuclear power orders more than doubled excluding M&A, while trailing 12-month orders grew 37% excluding M&A; management said the installed base was the largest year-over-year contributor.
Organic revenue grew 6.5% in Q3. Management expects mid- to high-teens organic growth in Q4 and revised full-year 2026 guidance, though the transcript excerpt does not provide the full guidance figures.
Management said its previously announced 2028 margin target was too aggressive, pointing to tempered medical organic growth and Paragon margin expansion running behind initial expectations. It plans to prioritize AI and cybersecurity investment while targeting annual margin expansion.
Mirion expects net leverage to improve to approximately 2.6x by year-end, supported by expected Q4 earnings growth and cash generation.

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Everspin Technologies, Inc.

MRAM Q3 2026

Reported: 2026-10-30

Everspin reported record third-quarter revenue, with product revenue up year over year and sequentially; the stock fell 1.5% after earnings, a roughly flat reaction. The quarter was at the high end of company guidance, while the call also highlighted ongoing product development and manufacturing timelines.

Key takeaways

Revenue was $20.6 million, a company record, and non-GAAP EPS was $0.12.
Product revenue increased 34% year over year and 11% sequentially, driven by Industrial Automation, Data Center, Medical and Energy Management demand.
Management said the Gresham fab program remains on schedule, with first qualified silicon targeted for Toggle and sensor products in the second half of 2027 and STT products in the first half of 2028.
Everspin remains on track for a 256-megabit xSPI prototype using TSMC’s 16-nanometer process in the first half of 2027; it also demonstrated CXL-connected MRAM in September.
The call cited new and advancing space-based design wins and a strategic partnership with Teledyne HiRel to offer Everspin STT-MRAM products to military and aerospace customers.

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Merck & Co., Inc.

MRK Q3 2026

Reported: 2026-10-30

Merck shares rose 3.7% after earnings. Third-quarter revenue increased 5% to $18.1 billion, supported by new products and oncology and animal health, while KEYTRUDA growth was 6% and the transcript flags a fourth-quarter unwind of higher channel inventory.

Key takeaways

Total revenue was $18.1 billion, up 5% year over year, or 4% excluding foreign exchange.
KEYTRUDA-family sales rose 6% to $8.6 billion, driven by earlier-stage cancers and continued demand in metastatic indications; higher channel inventory is expected to unwind in Q4.
KEYTRUDA QLEX generated $830 million in sales, with adoption increasing.
WELIREG sales increased 58% to $370 million, while Gardasil sales rose 14% to $2 billion, including an 18% increase in the U.S. that benefited from a significant CDC purchase.
CAPVAXIVE sales were $263 million, up 7% overall, but U.S. sales declined 13% as lower adult pneumococcal vaccination rates outweighed market-share gains.

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Microsoft Corporation

MSFT Q1 2027

Reported: 2026-10-30

Microsoft reported 30% year-over-year growth in Microsoft Cloud revenue, while Copilot usage and customer adoption advanced. The stock was essentially flat after earnings, down 0.2%, indicating a muted market reaction.

Key takeaways

Microsoft Cloud revenue surpassed $63 billion, with year-over-year growth accelerating to 30%.
Copilot daily users rose nearly 50% quarter-over-quarter and more than 5x year-over-year; user satisfaction improved nearly 20% quarter-over-quarter.
Customers with more than 50,000 Copilot seats increased over 8x year-over-year. Volkswagen plans to deploy Copilot to more than 330,000 employees.
Copilot customers actively consuming credits through usage-based billing grew over 75% during the quarter, pointing to expansion beyond per-seat subscriptions.
Agent-generated pull requests on GitHub increased 6x over the past six months and now account for more than one-third of all pull requests; Microsoft also cited ongoing work to expand capacity and rebuild core Git architecture for increased agent activity.

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Materialise NV

MTLS Q3 2026

Reported: 2026-10-30

Materialise’s shares fell 16.0% after earnings, signaling investor disappointment despite commercial and product progress. The transcript’s clearest potential pressure point is the outlook: management had yet to detail expectations for the remainder of 2026 in the excerpt provided, so the specific driver of the selloff cannot be established from this transcript.

Key takeaways

Medical highlights included new CMF products and expanded cardiac and soft-tissue planning workflows; management said it had accelerated investment to scale adoption of personalized solutions.
A Ukraine partnership is intended to support treatment of hundreds of patients and war victims with patient-specific solutions and standard plates, alongside local training and access to software.
Software momentum included strategic CO-AM NPI deals, particularly in aerospace, and an integration that extends digital-part security and traceability to individual parts.
The supplied transcript excerpt contains no quarterly financial figures or specific 2026 outlook, limiting assessment of growth, margins, and the likely catalyst for the share decline.

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MYR Group Inc.

MYRG Q3 2026

Reported: 2026-10-30

MYR Group reported record revenue and earnings, with growth supported by the Valley and Comet acquisitions and improved project productivity. The stock rose 1.1% after earnings, a roughly flat reaction; lower operating and free cash flow temper the headline growth.

Key takeaways

Revenue increased 32% year over year to $1.26 billion. C&I revenue rose 58% to a record $704 million, including contributions from Valley and Comet; T&D revenue increased 10% to $555 million.
Gross margin improved to 13.6% from 11.8%, primarily on better-than-anticipated productivity and favorable project closeouts; the company also cited inefficiencies on certain projects.
Net income reached a record $60 million, or $3.82 per diluted share, versus $32 million and $2.05 a year ago. EBITDA was a record $110 million, up from $63 million.
Backlog rose 38% year over year to a record $3.68 billion, including $2.39 billion in C&I and $1.29 billion in T&D.
Operating cash flow fell to $46 million from $96 million, and free cash flow declined to $9 million from $65 million, reflecting project billing and payment timing and higher capital expenditures.

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Norwegian Cruise Line Holdings Ltd.

NCLH Q3 2026

Reported: 2026-10-30

Norwegian Cruise Line Holdings rose 13.4% after reporting third-quarter results above its own guidance: adjusted EBITDA was $937 million and adjusted EPS was $1.12. The beat was driven by stronger-than-expected close-in demand and onboard spending, while net yield still declined 6.7% year over year.

Key takeaways

Net yield fell 6.7%, about 220 basis points better than guidance, as consumers booked summer vacations closer to departure and onboard spending was strong.
Unit costs declined 2.3% year over year, 140 basis points better than guidance.
Adjusted EBITDA of $937 million exceeded guidance by $63 million; adjusted EPS of $1.12 was $0.22 above guidance.
Management identified about $225 million in annualized savings and cash benefits over the prior two quarters, plus another $100 million in expected run-rate benefits to phase in over the next couple of years.
The company says its turnaround work is ongoing and expects performance to improve in 2027; management plans to provide more detail at an Investor Day in the first half of 2027.

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ServiceNow, Inc.

NOW Q3 2026

Reported: 2026-10-30

ServiceNow shares fell 26.9% after earnings, despite beating its stated Q3 guidance. The transcript does not identify a specific cause for the selloff; it does highlight a modest Q4 subscription-revenue growth outlook of 19.5%–20.0% in constant currency, below Q3’s 20.5%, which may have weighed on investors.

Key takeaways

Q3 subscription revenue grew 20.5% in constant currency, 50 basis points above the high end of guidance; cRPO grew 21%, 100 basis points above guidance.
Operating margin was 32.5%, 150 basis points above guidance; free cash flow margin was 20%.
AI net new ACV grew 65% year over year, while the company raised its year-end AI target from $1.5 billion to more than $1.7 billion.
Q4 guidance calls for subscription-revenue growth of 19.5%–20.0% in constant currency, compared with Q3’s 20.5%.
Management cited 19 deals above $5 million in net new ACV, up 135% year over year, and RPO of $30 billion, up 23%.

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The Bank of N.T. Butterfield & Son Limited

NTB Q3 2026

Reported: 2026-10-30

Butterfield shares fell 4.7% after the earnings release, with a likely pressure point being the disclosed exit of approximately $500 million in deposits within weeks. Management expects deposits to settle in its previously estimated $12 billion–$12.5 billion range, while core expenses rose 3.5% quarter over quarter.

Key takeaways

Net income was $61 million, or $1.50 per share; core net income was $64.2 million, or $1.58 per share. Return on average common equity was 21.3%.
Net interest margin increased 2 basis points sequentially to 2.76%, though lower loan yields and slightly higher funding costs partly offset stronger securities returns.
Non-interest income rose $1.4 million sequentially to $64.8 million, supported by banking revenue and foreign-exchange activity; banking revenue included a modest non-recurring contract renewal fee.
Core non-interest expenses increased 3.5% from the prior quarter. Management expects quarterly core expenses of $93 million–$95 million until the CIBC Caribbean transaction closes.
Deposits were $12.9 billion at quarter end, but the company had notice that about $500 million would leave within weeks. The acquisition is expected to close in the first half of 2027.

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Novartis AG

NVS Q3 2026

Reported: 2026-10-30

Novartis reported Q3 sales growth and core margin expansion, with the stock up 1.5% after earnings—within the roughly flat range. Full-year 2026 bottom-line guidance was raised, while management said meaningful acceleration in Pluvicto’s hormone-sensitive prostate cancer launch is more likely next year.

Key takeaways

Sales increased 4% in constant currency and core operating income rose 10%; management cited margin expansion and raised full-year 2026 bottom-line guidance.
Priority brands grew 29%. Kisqali sales rose 37%, Kesimpta 22%, and Leqvio 63%.
Pluvicto grew 20% in constant currency, but US growth was 9%. Management described the hormone-sensitive prostate cancer launch as being in its early days and expects further acceleration next year.
Kisqali’s early breast cancer launch was approved in 84 countries and reimbursed in 43; management reported 55% first-line new-patient share for Kisqali in US metastatic disease.
Leqvio’s US sales grew 60%; its share in Medicare reached 22%, according to management.

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NXP Semiconductors N.V.

NXPI Q3 2026

Reported: 2026-10-30

NXP shares fell 0.7% after earnings, a broadly flat reaction to results that exceeded the company’s outlook but included a sharp expected slowdown in mobile. Q4 revenue is guided up 2% sequentially, with automotive and industrial growth offsetting a mid-teens year-over-year decline in mobile.

Key takeaways

Q3 revenue was $3.79 billion, up 19% year over year (22% excluding the MEMS sensor business); non-GAAP EPS was $4.20, up 35%.
Non-GAAP gross margin reached 58.6%, up 160 basis points year over year, while operating margin was 37.1%, up 33 basis points.
Automotive revenue exceeded $2 billion for the first time and grew 17% excluding sensors; management cited content gains in a flattish vehicle-production environment.
Industrial and IoT revenue rose 39% to $820 million, with industrial up nearly 50%. Data center revenue is now expected to exceed the earlier $500 million outlook, with the business projected to surpass $1 billion in a couple of years.
Q4 revenue guidance is $3.85 billion, up 15% year over year. Automotive is expected to grow at a low-double-digit rate and industrial and IoT at a high-20% rate, while mobile is expected to decline in the mid-teens.

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Omnicell, Inc.

OMCL Q3 2026

Reported: 2026-10-30

Omnicell shares rose 2.6% after the company reported Q3 revenue and non-GAAP EBITDA above the high end of its own guidance. The reaction was positive but modest, while the provided transcript excerpt offers limited detail on the outlook or the rest of the quarter’s operating trends.

Key takeaways

Q3 revenue was **$308 million** and non-GAAP EBITDA was **$45 million**, both above the high end of previously shared guidance.
Management said the sales pipeline grew since the prior call, including larger deals, and described leasing as an increasingly meaningful tool in competitive bids.
The company sees medication management as a priority investment for health systems, but purchasing decisions involve broader cross-functional evaluation and long planning cycles.
Omnicell is advancing OmniSphere, its cloud-native platform, to connect with its solutions and provide enterprise-wide visibility and workflow capabilities.
Management emphasized operational discipline and improving P&L leverage; the excerpt does not include the detailed financial outlook.

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Orange S.A.

ORA.PA Q3 2026

Reported: 2026-10-30

Orange reported broad-based Q3 revenue growth of 3.6% and raised its full-year EBITDAaL growth outlook to above 4.5%; the stock was roughly flat, down 0.2% after earnings. The overall result was positive, though Orange Business revenue continued to decline amid a difficult IT market.

Key takeaways

Group revenue rose 3.6% to €12.2 billion; EBITDAaL increased 4.6% and operating cash flow rose 10.3%.
Management raised full-year EBITDAaL growth guidance to above 4.5%, citing Q3 performance.
Africa and Middle East revenue grew more than 14%, its 14th consecutive quarter of double-digit growth; Europe 6 revenue increased 5.3%.
France revenue rose 0.5%, with retail revenue excluding PSTN up 1.1%; Spain revenue increased 3.5%.
Orange Business revenue fell 2.5%, which management attributed to an IT market still affected by the macro environment.

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Orange S.A.

ORANY Q3 2026

Reported: 2026-10-30

Orange reported Q3 revenue growth of 3.6% and raised its full-year EBITDAaL growth outlook to above 4.5%; the stock was roughly flat, down 0.5% after the results. The group’s growth was broad-based, though Orange Business revenue declined and France’s revenue growth remained modest.

Key takeaways

Group revenue rose 3.6% to €12.2 billion; EBITDAaL increased 4.6%, and operating cash flow grew 10.3%.
Management lifted full-year EBITDAaL growth guidance to above 4.5%, citing Q3 performance.
Africa and Middle East revenue grew more than 14% for a 14th consecutive quarter of double-digit growth; Europe 6 revenue increased 5.3%.
France revenue rose 0.5%, with retail revenue excluding PSTN up 1.1%; Orange cited record net additions across mobile, fixed and convergence.
Orange Business revenue fell 2.5%, which the company attributed to an IT market still affected by the macro environment.

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O'Reilly Automotive, Inc.

ORLY Q3 2026

Reported: 2026-10-30

O’Reilly’s third-quarter results were solid, but the stock fell 2.6%, a roughly flat reaction that suggests investors saw a mixed picture rather than a clear upside surprise. Comparable sales beat the company’s expectations and full-year sales guidance rose, while low-single-digit DIY transaction declines and caution about consumer pressure and fading inflation benefits temper the outlook.

Key takeaways

Comparable store sales grew 7.2% in Q3, on a 12.8% two-year stack; management said growth was fairly even across the quarter.
Professional comparable sales rose slightly over 10%, with gains in both average ticket and transaction counts. Retail comps increased at a mid-single-digit rate.
DIY transaction counts faced a low-single-digit headwind, more than offset by higher average tickets. Same-SKU inflation was slightly over 4% across DIY and professional businesses, above expectations.
Diluted EPS increased 14% year over year, following a 12% increase in the prior-year quarter.
Full-year comparable sales guidance rose from 4%–6% to 5.5%–6.5%, primarily reflecting Q3 outperformance. Management expects inflation’s contribution to moderate in Q4 and flagged the possibility of intensifying consumer pressure.

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One Stop Systems, Inc.

OSS Q3 2026

Reported: 2026-10-30

OSS shares fell 7.5% after earnings, despite faster year-over-year revenue growth and a higher full-year growth outlook. The transcript does not identify a specific disappointment; the selloff may indicate investors were looking for more than the reported results and outlook, but the available excerpt does not establish why.

Key takeaways

Q3 revenue from continuing operations rose approximately 36% year over year to $12.6 million; revenue for the first nine months reached $30 million, up approximately 48%.
Management raised its full-year revenue growth outlook to approximately 40%, citing Q3 performance that exceeded its expectations.
Year-to-date bookings were more than $43.6 million, with a 1.46 book-to-bill ratio, even as sales grew.
Management said the number of meaningful multiyear programs had increased from one three years ago to 14; average order size had nearly tripled since 2023.
The transcript excerpt ends mid-sentence, limiting visibility into the rest of management’s commentary and any additional outlook details.

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Oatly Group AB American Depositary Shares

OTLY Q3 2026

Reported: 2026-10-30

Oatly’s shares fell 31.9% after the company cut its 2026 adjusted EBITDA outlook, citing North American fuel and logistics inflation that it can no longer fully offset. Revenue growth guidance was unchanged, but the sharp earnings-outlook reduction overshadowed improved Q3 margins and EBITDA.

Key takeaways

Q3 revenue grew 9.1% (8.9% in constant currency); gross margin rose 436 basis points year over year to 34.1%.
Adjusted EBITDA was positive €9.4 million, or 3.9% of sales, up €6.3 million year over year.
Full-year adjusted EBITDA guidance fell from €25–35 million to €16–20 million. Management attributed the revision to North American fuel and logistics costs, including a roughly 70% rise in U.S. diesel prices since the Middle East conflict began in February.
Full-year constant-currency revenue growth guidance was maintained at 8%–10%.
Q3 free cash flow was negative €18.4 million versus a negative €5.4 million a year earlier; management said the decline reflected timing and that the business plan remains fully funded.

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Blue Owl Capital Inc. Class A Common Stock

OWL Q3 2026

Reported: 2026-10-30

Blue Owl’s shares rose 7.7% after earnings, as investors responded to accelerating sequential management-fee growth, record institutional fundraising and continued expansion in AUM. The company also reported 15% year-over-year FRE growth and 14% DE growth, though more than $36 billion of AUM is not yet earning fees and depends on deployment to generate the projected incremental fees.

Key takeaways

Q3 FRE was $0.27 per share and DE was $0.24 per share; the declared dividend was $0.23 per share.
AUM increased 12% year over year to $330 billion. Blue Owl raised $49 billion over the last 12 months, including a record institutional fundraising quarter, and returned more than $20 billion to investors.
More than $36 billion of AUM is not yet earning fees—nearly 30% above the year-ago level—and management said deployment could add $400 million in fees.
Management said shifting rate expectations and higher rates create opportunities in floating-rate lending and credit; it also said rising rates can lift income on existing floating-rate loans and benefit the firm through Part One fees.

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Dr. Ing. h.c. F. Porsche AG

P911.DE Q3 2026

Reported: 2026-10-30

Porsche’s shares rose 8.1% after earnings, as investors appeared to favor sharply higher reported operating profit and cash generation despite lower revenue. The improvement was helped substantially by lower strategic realignment expenses and transaction proceeds, so underlying performance remains more mixed.

Key takeaways

Nine-month revenue fell approximately 6% year on year to €25.3 billion, while vehicle sales were lower. Automotive revenue per vehicle increased to around €126,000, up approximately €6,000.
Nine-month operating profit rose to €1.7 billion from €40 million a year earlier, with a 6.9% operating return on sales. Q3 operating profit was €387 million and return on sales was 4.8%.
Lower strategic realignment expenses materially supported the profit improvement: Q3 cost of sales fell about €2.2 billion to €6.6 billion, with around €300 million of realignment expenses versus approximately €1.9 billion in Q3 last year.
Automotive net cash flow reached €2.5 billion for the first nine months; Q3 contributed around €1.5 billion, including roughly €500 million of net extraordinary cash contribution. Excluding extraordinary effects, Q3 automotive net cash flow was broadly in line with the prior-year quarter.
Porsche confirmed its full-year 2026 outlook. BEVs accounted for 22% of vehicle sales year to date; R&D spending declined to €1.5 billion from €1.8 billion, and automotive net liquidity was €8.2 billion at quarter-end.

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Precision Drilling Corporation

PDS Q3 2026

Reported: 2026-10-30

Precision’s shares rose 7.7% after earnings, with investors responding to 15% year-over-year revenue growth, higher net earnings and a clear Q4 margin-recovery outlook for the U.S. business. The improvement is not yet reflected in cash generation: operating cash flow fell to $71 million from $76 million, while reactivations and elevated international costs weighed on margins.

Key takeaways

Q3 revenue increased 15% year over year to $532 million. Adjusted EBITDA was $125 million versus $118 million a year earlier; net earnings were $21 million, compared with a $7 million loss.
North American activity grew: Canada averaged 73 active rigs, up 10 year over year, and the U.S. averaged 43, up 7. Canadian daily operating margins were $12,800 versus $13,000 a year earlier.
U.S. daily operating margins declined to US$7,650 from US$8,700, in part because six reactivated rigs cost US$2,130 per utilization day. Management expects Q4 margins of US$9,500–US$10,500.
International results remained a drag: day rates were down 14% year over year to US$46,300, with Middle East operating costs elevated and one higher-performing Kuwait rig idle until an expected mid-2027 return.
Cash from operations was $71 million versus $76 million a year earlier, amid working-capital needs and a semiannual interest payment. Capital spending was $82 million, including $24 million for upgrades, while Precision repurchased $31 million of shares.

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Pagaya Technologies Ltd. Class A Ordinary Shares

PGY Q3 2026

Reported: 2026-10-30

Pagaya’s shares rose 1.7%, a roughly flat reaction, as 29% network-volume growth and record quarterly GAAP net income came alongside lower FRLPC margin from higher funding costs. Management said recent APR increases should lift the margin in Q4 and into 2027, but that improvement has yet to show in reported results.

Key takeaways

Network volume grew 29% year over year; application-to-conversion remained approximately 1%.
GAAP net income reached a quarterly record of $50 million. Management said operating costs were held flat.
Higher rates increased the cost of capital and pushed FRLPC margin toward the low end of the company’s 4%–5% range. Pagaya raised APRs in September and October, expecting a higher FRLPC percentage as Q4 progresses and into 2027.
Credit performance in Auto and Personal Loans was described as in line with expectations; Pagaya raised $3 billion in ABS during the quarter and said funding availability was stronger than ever.
Citizens and FNBO joined the network, bringing new partner additions to six over the past three quarters—above the stated annual target of two to four.

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Pilgrim's Pride Corporation

PPC Q3 2026

Reported: 2026-10-30

Pilgrim’s Pride shares rose 4.7% after earnings, with investors likely responding to improving live-market margins in Mexico and steady demand for chicken despite rising U.S. supply. The quarter also showed pressure from uneven market fundamentals: adjusted EBITDA was $316 million, and management said U.S. supply grew faster than demand.

Key takeaways

Q3 revenue was $4.7 billion; adjusted EBITDA was $316 million, or a 6.8% margin.
U.S. ready-to-cook production rose 2.2% year over year, while total freezer inventories fell 5%; boneless breast inventories declined nearly 8%.
U.S. retail chicken volumes grew 1.4% and foodservice chicken volumes rose 0.8%. Retail sales dollars fell as lower wholesale prices were passed through and promotions increased.
Mexico sales rose on branded fresh offerings, and improved supply-demand fundamentals in the live commodity market lifted margins versus the prior quarter.
Prepared foods volumes rose by double digits; in Europe, volume remained stable.

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PROG Holdings, Inc.

PRG Q3 2026

Reported: 2026-10-30

PROG’s shares rose 4.3% after earnings, as investors appeared to favor 59% consolidated GMV growth and signs of a leasing inflection. The quarter was not uniformly strong: adjusted EBITDA was near the low end of its outlook range, with leasing portfolio yields pressured by customer liquidity and higher purchase-option exercise rates.

Key takeaways

Consolidated GMV grew 59% year over year, revenue roughly 26%, and non-GAAP EPS 21.8% to $1.06; revenue and EPS were near the midpoint of the company’s Q3 outlook, while adjusted EBITDA was toward the low end.
Progressive Leasing GMV grew in the low single digits despite tighter approval standards; approval rates were down nearly 300 basis points year over year, while the gross lease asset balance turned positive year over year at quarter-end.
Leasing adjusted EBITDA faced yield pressure from more customers in newer pools exercising the 90-day purchase option and weaker liquidity among older-pool customers.
Four posted triple-digit GMV growth for the 12th consecutive quarter and improved adjusted EBITDA margin sequentially; Purchasing Power delivered double-digit GMV growth.

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Quanta Services, Inc.

PWR Q3 2026

Reported: 2026-10-30

Quanta shares rose 4.7% after the company reported results management said meaningfully exceeded expectations and raised its full-year 2026 financial expectations across all metrics. The positive reaction aligns with double-digit growth and record backlog, though the transcript excerpt does not provide detailed quarterly figures or the size of the outlook increase.

Key takeaways

Management cited double-digit growth in revenue, adjusted EBITDA and adjusted EPS, along with healthy cash flow.
Backlog reached a record $64 billion.
Quanta raised its 2026 expectations across all financial metrics, citing third-quarter outperformance and expected incremental strength in Q4; the excerpt gives no revised targets.
Management described broad-based demand across utility, power generation and large-load markets, with transmission programs progressing toward contract execution and backlog.
The company highlighted workforce capacity as a constraint it is addressing through training, leadership development and expanded fabrication solutions.

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Restaurant Brands International Inc.

QSR Q3 2026

Reported: 2026-10-30

RBI’s shares fell 2.0% after earnings, a broadly flat reaction. Results showed continued sales and restaurant growth, alongside improving Tim Hortons Canada same-store sales; the available transcript excerpt does not identify a specific disappointment.

Key takeaways

Q3 same-store sales rose 3.8%, net restaurant growth was 3%, and system-wide sales grew 6.2%.
Organic adjusted operating income grew 6.7% year over year, on a constant-currency basis and excluding Restaurant Holdings.
Tim Hortons Canada same-store sales were up 1.8%, improving from Q2; cold beverages grew nearly 5%.
International same-store sales rose 3.9% and net restaurant growth was 5.6%, for 9% system-wide sales growth.
Management described the consumer environment as tough; the supplied transcript excerpt ends before the full segment discussion and outlook.

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Raymond James Financial, Inc.

RJF Q4 2026

Reported: 2026-10-30

Raymond James reported record quarterly and fiscal-year revenues and net income, with quarterly revenue up 15% year over year. The stock rose 2.5% after the earnings release, a relatively modest move that signals a broadly positive but not emphatic market reaction.

Key takeaways

Quarterly revenue reached a record $4.27 billion, up 15% year over year and 9% sequentially; pretax income was a record $862 million, up 18% year over year.
Private Client Group quarter-end client assets under administration were $1.87 trillion, up 12% year over year. Domestic net new assets for the fiscal year rose 88% to a record more than $98 billion.
Fiscal-year domestic recruiting brought in advisers with $538 million of trailing 12-month production and more than $82 billion in client assets at their prior firms.
Capital Markets revenue growth was driven primarily by stronger Investment Banking results and higher affordable-housing investment business revenue. Fiscal-year consolidated Investment Banking revenue exceeded $1.1 billion, and management said the pipeline remains strong.
Bank loans ended the quarter at a record $57.5 billion, driven predominantly by securities-based lending, whose balances rose 32% year over year and 6% sequentially.

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Regional Management Corp.

RM Q3 2026

Reported: 2026-10-30

Regional Management shares rose 7.8% after earnings, as investors appeared to favor record quarterly revenue, year-over-year EPS growth and improving sequential credit losses. Credit remains a concern: net credit losses were above the company’s outlook and prior-year level, while delinquencies increased.

Key takeaways

Net income was $15.1 million, or $1.61 per diluted share, up 5% and 13% year over year, respectively. Revenue reached a quarterly record of $179 million, up 8%.
Net finance receivables grew $62 million during the quarter to $2.2 billion; the portfolio was up 8% year over year.
Net credit loss rate improved 130 basis points sequentially to 10.9%, but was 20 basis points above outlook and 70 basis points above the year-earlier quarter. Delinquencies of 7.5% were up 50 basis points both sequentially and year over year.
Management cited 2025-originated loans, slower portfolio growth, elevated gas prices and inflation as credit pressures. Tightening in higher-risk digital segments contributed to a 13% year-over-year decline in digitally sourced originations.
The Column bank partnership accounted for just over 40% of total originations so far in October, versus roughly 28% on a run-rate basis in July; it added about 120 basis points to third-quarter revenue yield.

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Ryerson Holding Corporation

RYZ Q3 2026

Reported: 2026-10-30

Ryerson’s shares rose 4.5% after the company reported third-quarter shipments above its seasonal guidance and said order activity remains strong into the fourth quarter. Same-store shipments reached their highest quarterly level in more than five years, though tight product availability remains a constraint.

Key takeaways

Net sales were $2.2 billion on shipments of 814,000 tons; volume rose 1.2% sequentially, versus guidance for a 3%–5% decline.
Same-store shipments increased 1.8% sequentially. Year-to-date North American same-store shipments were up 8.8%, compared with 5% industry growth, according to the Metals Service Center Institute.
Data center and power generation projects accounted for an estimated 9% of revenue, up from 6% in the second quarter; data center volumes rose approximately 65% versus the first quarter.
Commercial transportation same-store volumes in North America increased nearly 3.5% quarter over quarter, with management citing healthy Class 8 backlogs supporting production into 2027.
Management said quote and order activity remained strong in the first month of Q4, but noted tight product availability and exceptionally lean inventories alongside extending mill lead times.

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Sirius XM Holdings Inc.

SIRI Q3 2026

Reported: 2026-10-30

Sirius XM shares rose 4.9% after the company raised all three 2026 financial guidance metrics by $25 million, citing performance through the first nine months. The quarter also showed improving subscription trends and higher cash flow, though management cautioned that self-pay subscriber trends may be more challenging in Q4.

Key takeaways

Sirius XM now expects 2026 revenue of approximately $8.55 billion, adjusted EBITDA of $2.65 billion, and free cash flow of $1.4 billion.
Self-pay net additions were 5,000, nearly 45,000 better year-over-year and ahead of expectations; full-year self-pay net additions are now expected to be approximately flat to 2025.
Adjusted EBITDA grew 3%, margins expanded by one percentage point, and free cash flow increased 14%.
Advertising growth was double-digit in podcasting and programmatic. ARPU remained stable, while churn improved year-over-year.
Management expects a more challenging fourth quarter for self-pay trends, citing the anniversary of initial Continuous Service benefits, ongoing conversion pressures, and tighter promotional acquisition discipline.

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Standard Chartered PLC

STAN.L Q3 2026

Reported: 2026-10-30

The stock rose 4.4% after earnings, with investors responding to an upgrade in full-year guidance: income growth is now expected to be above the prior 5%–7% range, and RoTE around 14% versus over 12% previously. The upgrade was supported by 14% income growth and 29% profit-before-tax growth in the quarter, though management flagged term-deposit margin pressure and moderating loan-volume growth ahead.

Key takeaways

Operating income rose 14% to $5.8 billion; expenses increased 9% to approximately $3.4 billion, lifting pre-provision operating profit 22% to $2.4 billion.
Net interest income grew 9% year-on-year and 3% quarter-on-quarter. Full-year NII growth guidance was raised to around 4%, but management expects term-deposit margin compression and slower volume growth to weigh on the remainder of the year.
Noninterest income increased 19% to $2.8 billion. In WRB, Wealth Solutions income rose 26% to $1.1 billion, while unsecured lending income fell 13% amid portfolio optimization.
Credit impairment was $90 million, including a $34 million net charge for Middle East conflict overlays; the year-to-date loan loss rate was 20 basis points.
The bank expects a 2026 cost/income ratio of around 60%, excluding notable items. CET1 was 13.8%, and management expects 2027 risk-weighted assets of around $275 billion.

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Teladoc Health, Inc.

TDOC Q3 2026

Reported: 2026-10-30

Teladoc shares surged 26.9% after Q3 revenue came in near the upper end of guidance and adjusted EBITDA exceeded guidance. BetterHelp also performed toward the high end of its revenue range, though management expects cash-pay challenges to continue.

Key takeaways

Consolidated revenue was near the upper end of guidance; adjusted EBITDA was above guidance.
Integrated Care revenue was near the high end of guidance, with adjusted EBITDA margin above guidance.
BetterHelp revenue was in the upper end of guidance, supported by insurance growth and better-than-anticipated cash-pay performance; management still expects ongoing cash-pay challenges.
Teladoc began activating initial launch partners for Teladoc 1 and is preparing for broader market availability in 2027.
The company completed an acquisition of a business serving U.S. hospitals and health systems, expanding its virtual-care services in that market.

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Telenor ASA

TEL.OL Q3 2026

Reported: 2026-10-30

Telenor’s shares rose 2.0% after a quarter of modest service-revenue and EBITDA growth, strong cash generation, and reaffirmed full-year outlook. The result was mixed: Nordic performance varied, and management cautioned that Grameenphone’s improved quarter should not be treated as a new run rate.

Key takeaways

Group service revenue grew 1.6% to NOK 14.8 billion; adjusted EBITDA increased 1.5% to NOK 8.8 billion.
Free cash flow before M&A rose 13% year over year to NOK 4.7 billion, while adjusted EPS increased 45% to NOK 2.70. Leverage was 1.2x.
Sweden remained a bright spot: mobile service revenue grew 4.5%, with 35,000 mobile net additions; its EBITDA margin reached 44%.
Regional trends were uneven: Norway improved sequentially amid unusually high B2C promotions, while Denmark’s margins were pressured by product mix, transformation costs, and higher sales costs.
Grameenphone returned to modest service-revenue growth and added around 600,000 subscribers, but management flagged inflation and costs shifting into Q4 as reasons not to extrapolate the improvement. Full-year outlook was reaffirmed.

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Enable Holdings, Inc.

TENB Q3 2026

Reported: 2026-10-30

Tenable shares rose 6.3% after the company reported accelerating customer expansion and growth in its exposure-management business. Investors may also be responding to improving adoption of Tenable One and the company’s AI-related product momentum.

Key takeaways

Net dollar expansion rate increased to 107% from 106% in Q2, marking two consecutive quarters of acceleration.
Tenable One accounted for a record 59% of new business, up from 50% in Q2; average deal sizes rose year over year for the second consecutive quarter.
CCB growth accelerated to 9% in Q3.
After the PHP2Shell disclosure, Hexa prompt volume increased by as much as 5x, according to management.
Since June, Hexa has evaluated more than 2 billion assets and findings.

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The Hanover Insurance Group, Inc.

THG Q3 2026

Reported: 2026-10-30

The stock was roughly flat, up 0.8%, as third-quarter operating EPS came in ahead of management’s original expectations, but premium growth remained moderate at 3.1%. The call pointed to deliberate growth restraint in Personal Lines and competitive conditions in some markets, alongside stronger momentum in selected Specialty businesses.

Key takeaways

Operating EPS improved from the year-ago quarter and was meaningfully ahead of management’s original expectations; operating ROE was approximately 19%.
Net written premiums grew 3.1%, with management emphasizing underwriting discipline and prioritizing returns over growth.
Specialty growth was 6.7% excluding Hanover Specialty Industrial and Hanover Programs; E&S growth accelerated to 11.7% from 6.5% in the prior quarter, while surety grew 8.8% and management liability 15.5%.
Specialty retention rose sequentially to 83.2%, and renewal price change improved slightly to 4.3%.
Personal Lines grew 1.7%. In the higher-value customer cohort, retention was 86%, premiums increased 4%, and new business grew 5%; management cited a competitive environment and deliberate top-line moderation.

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TriMas Corporation

TRS Q3 2026

Reported: 2026-10-30

TriMas shares fell 1.7% after earnings, a roughly flat reaction. Results included year-over-year profit improvement from cost actions, but Specialty Products continued to face equipment and throughput challenges, with improvement taking longer than anticipated.

Key takeaways

Cost-reduction actions are expected to deliver $10.5 million in savings in 2026 and $16 million on an annualized basis; the company said they remain on track.
Packaging performance is generally progressing as planned, and management said key operational KPIs are beginning to improve.
Specialty Products remains challenged by equipment reliability and throughput issues that started affecting performance in Q2; targeted actions are underway, but recovery has taken longer than expected.
TriMas signed an agreement to divest its Rapak business, with closing expected in early November.
The company repurchased shares during the quarter; repurchases since the Aerospace divestiture exceed 5.4 million shares, and about $67 million remained under its authorization at quarter-end.

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Trane Technologies plc

TT Q3 2026

Reported: 2026-10-30

Shares fell 3.9% after earnings, likely reflecting lower expected organic leverage and price realization despite higher revenue guidance. Trane cut its full-year organic leverage outlook to the low 20s from 25%+ and reduced expected price realization to about 1 point from 1.5.

Key takeaways

Q3 organic revenue grew 16%; adjusted EPS rose 25%, including an approximately $0.10 tax-timing benefit, or 23% excluding it.
Full-year organic revenue growth guidance increased to approximately 11%, while adjusted EPS guidance was reaffirmed at $15.20–$15.30.
Full-year organic leverage is now expected in the low 20s, primarily due to lower expected price realization and near-term supply-chain and inflationary headwinds.
Americas commercial HVAC revenue grew in the low 20s, and Applied Solutions revenue grew more than 60%; Americas operating margin expanded 50 basis points.
Asia Pacific margins faced pressure from challenging markets in China, while EMEA margins were affected by the ongoing Middle East conflict.

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Tamarack Valley Energy Ltd.

TVE.TO Q3 2026

Reported: 2026-10-30

Tamarack shares fell 2.5% after earnings, a roughly flat reaction that points to a neutral read-through. The quarter showed solid cash generation and waterflood progress, while the 2026 capital program is trending toward the top of its guidance range and the company has yet to provide its 2027 budget or updated synergy expectations.

Key takeaways

Q3 production exceeded 55,000 BOE per day, up 16% year over year; funds flow was $214 million and free funds flow was $92 million.
Year-to-date free cash flow reached $375 million, or $0.78 per share. The company spent $190 million repurchasing nearly 16 million shares, reducing its share float by more than 15% since the NCIB began in 2024.
The 2026 capital program is trending toward the higher end of its $470 million guidance, reflecting accelerated development spending and the addition of Headwater investments late in the year.
Waterflood injection was 60,000 barrels per day exiting Q3; Tamarack reaffirmed legacy-asset exit guidance above 70,000 barrels per day. Management estimates waterflood oil uplift at 10,000 barrels per day, or 18% of total production.
The Headwater acquisition is expected to close after the November 18 shareholder vote. Tamarack plans to issue its 2027 budget and an update on integration and synergies at closing; it expects to exit 2026 with more than $50 million of net cash after the deal.

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Tradeweb Markets Inc.

TW Q3 2026

Reported: 2026-10-30

Tradeweb’s shares fell 0.8% after earnings, a roughly flat reaction. Revenue grew 14.9% year over year and adjusted EBITDA margins expanded, while international growth and market-share gains were notable positives; the transcript does not identify a specific earnings disappointment.

Key takeaways

Revenue grew 14.9% year over year on a reported basis; the company said it generated more than $1.7 billion in revenue in the first nine months, surpassing its full-year 2024 total.
International revenue grew more than 22% and contributed over 60% of overall revenue growth. Revenue from European and Asian clients rose nearly 20% and 30%, respectively.
Adjusted EBITDA margin expanded 59 basis points versus the third quarter of 2025.
US Treasury market share reached 23.6%, up 160 basis points year over year; revenue grew more than 15%, while institutional Treasury revenue rose nearly 20%.
Tradeweb announced a definitive agreement to acquire Tri-Med, which it said would expand its credit-market presence and new-issue capabilities.

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UBS Group AG

UBS Q3 2026

Reported: 2026-10-30

UBS reported $2.7 billion in net profit and 16.7% underlying return on CET1 capital, but the stock rose 2.9%—a roughly flat reaction. Results were positive on revenue and profit growth, while management flagged measured investor sentiment and ongoing uncertainty around Swiss banking regulation.

Key takeaways

Underlying pre-tax profit was $4.1 billion, up 14%; total revenue grew 10%, outpacing expense growth.
Underlying cost-income ratio was 68.7%. In core franchises excluding litigation, revenue rose 3% and costs fell, producing four points of positive operating leverage.
Global Wealth Management attracted $55 billion of inflows; the Investment Bank posted record third-quarter performance, particularly in equities.
UBS repurchased $4.8 billion of shares and accrued $2.8 billion for dividends year-to-date; it plans to repurchase another $1.2 billion over the next three months.
Credit Suisse integration is nearing completion: 90% of legacy applications have been decommissioned. UBS remains on track for its integration-related 2026 exit targets, while warning that proposed Swiss capital rules could impose undue costs and affect competitiveness.

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UBS Group AG

UBSG.SW Q3 2026

Reported: 2026-10-30

UBS reported third-quarter net profit of $2.7 billion and underlying pre-tax profit up 14%, while the shares rose 2.2%—a broadly measured reaction. The quarter showed higher revenue and positive operating leverage, though management flagged elevated market and political uncertainty heading into Q4.

Key takeaways

Reported net profit was $2.7 billion and EPS was $0.85; underlying pre-tax profit reached $4.1 billion, up 14%.
Underlying return on CET1 capital was 16.7%, and the cost-income ratio was 68.7%. Year-to-date return on CET1 capital was 17%.
Total revenue rose 10%, outpacing expense growth. In core franchises, excluding litigation, revenue increased 3% with lower costs, delivering four points of positive operating leverage.
Global Wealth Management attracted $55 billion of inflows. UBS also cited record third-quarter Investment Bank performance, particularly in equities and Asia.
Integration costs were $452 million, alongside a $346 million charge whose description is cut off in the transcript. Management said 90% of legacy applications had been decommissioned and integration remained on track for completion by year-end.

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UPM-Kymmene Oyj

UPM.HE Q3 2026

Reported: 2026-10-30

UPM shares fell 6.5% after Q3, as lower volumes and rising variable costs pressured earnings and made the upper end of unchanged second-half EBIT guidance look less likely. Destocking and customer caution added to the disappointment, despite strong cash flow.

Key takeaways

Q3 sales were EUR 2.202 billion, down 1% year over year; comparable EBIT fell 8% to EUR 131 million, or 5.9% of sales.
Sequentially, variable costs increased significantly and delivery volumes were clearly lower; price increases covered only part of the cost rise at group level.
Management maintained second-half EBIT guidance, but said the upper end now looks less likely due to Q3’s low volumes and higher variable costs.
Operating cash flow was EUR 420 million in Q3, supported by a significant working-capital release; net debt fell EUR 320 million from the end of Q2, with net debt-to-EBITDA at 2.09x.
At Leuna, two of three core processes are producing commercial volumes or ramping up, while the sugars-to-glycols process is expected to start integrated production in Q2 2027—about six months later than previously anticipated.

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Visa Inc.

V Q4 2026

Reported: 2026-10-30

Visa posted 13% fourth-quarter revenue growth and 15% growth for the full year, while the stock was roughly flat, down 0.3% after earnings. The transcript provides no explicit guidance or specific disappointment to explain the muted reaction.

Key takeaways

Fourth-quarter net revenue was $12.1 billion, up 13% year over year; full-year net revenue reached $46 billion, up 15%.
Commercial and Money Movement Solutions revenue grew 19%, while Value-Added Services revenue grew 30%, both in constant dollars; together, they represented more than 40% of net revenue.
Full-year payments volume rose 9% in constant dollars. Commercial payments volume grew 12%, and cross-border volume excluding intra-Europe increased 12%.
Visa processed 281 billion transactions, up 9%, and Visa Direct exceeded 15 billion transactions. Tokenized transactions now account for more than 60% of e-commerce transactions.

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Vaisala Oyj

VAIAS.HE Q3 2026

Reported: 2026-10-30

Vaisala’s shares rose 2.3%, a roughly flat reaction, as record order intake and high profitability came alongside uneven segment performance. Industrial Measurements drove growth, while Weather, Energy, and Environment sales declined against a high comparison base.

Key takeaways

Group orders received rose 38% year on year, lifting the order book to EUR 215 million, 16% above year-end 2025.
Net sales increased 6%; Industrial Measurements grew 28% and Xweather 9%, while Weather, Energy, and Environment declined 11%.
EBITA margin was 24.9%, including a EUR 4 million benefit from U.S. tariff refunds; excluding those refunds, it would have been 22.5%.
ARR rose 9% year on year to EUR 60.9 million.
October guidance was narrowed to net sales of EUR 610 million–EUR 630 million and EBITA of EUR 110 million–EUR 120 million.

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VICI Properties Inc.

VICI Q3 2026

Reported: 2026-10-30

VICI shares rose 4.3% after earnings. The company reported 5.8% revenue growth and 4.3% AFFO-per-share growth, while highlighting ongoing investor concerns about interest rates, accretive growth and the Caesars regional lease.

Key takeaways

Q3 revenue increased 5.8% and AFFO per share grew 4.3%, according to management.
VICI deployed $221 million in previously announced investments during the quarter.
Management cited trailing 12-month retained cash flow of approximately $720 million as a capital source that does not depend on issuing public-market equity.
The company established its first stock buyback authorization, but said repurchases would be considered only if capital is uncommitted and buybacks are judged to be the best use.
Management identified the Caesars regional lease as a source of investor uncertainty and said its analysis of potential actions was ongoing; it did not specify an outcome in the remarks provided.

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Vidrala, S.A.

VID.MC Q3 2026

Reported: 2026-10-30

Vidrala’s shares fell 5.0% after results, with investors likely focused on a 3% organic sales decline and management’s description of European demand as weaker than expected. The company reiterated full-year guidance, but revenue pressure and the tough industry backdrop temper the positives from resilient margins and cash generation.

Key takeaways

Nine-month reported revenue was €1,146.5 million; organic sales declined 3% year on year, including an anticipated 1.2% price adjustment.
Nine-month EBITDA was €338.5 million, down 0.5% organically; the EBITDA margin rose 27 basis points to 29.5%.
Management cited weak demand in mature European markets and stronger performance in South America, while noting persistent inflationary pressures and intense competition.
Net debt was €201 million at September-end, or 0.4x last-twelve-month pro forma EBITDA. Nine-month free cash flow was in line with expectations, and the company remained on track for around €200 million for the full year.
Vidrala reiterated 2026 guidance: EBITDA of around €450 million, EPS growth above 5%, and underlying free cash flow of around €200 million, excluding restructuring costs.

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VinaCapital Vietnam Opportunity Fund Limited

VOF.L Q4 2026

Reported: 2026-10-30

The fund reported against a Vietnamese market that was roughly flat despite strong economic and earnings growth, as higher deposit rates weighed on equities. The fund’s own performance and portfolio results were not provided in the transcript excerpt.

Key takeaways

Vietnam’s government-reported GDP growth is 9%; the presenter estimated earnings growth could be around 30% this year.
Vietnam’s stock market was described as basically flat, with 12-month deposit rates around 8%–9% and some reputable banks offering 10%.
Infrastructure spending has risen around 50% and is currently about 6% of GDP; the government’s target is 10%.
Computer and electronics exports, described as around 30% of GDP, are up 60%, particularly on high-tech exports to the U.S.
The economist expects U.S. dollar borrowing, demographics, and industrialization to support growth over the coming years, while noting current interest rates are weighing on equities.

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Welltower Inc.

WELL Q3 2026

Reported: 2026-10-30

Shares fell 5.8% despite Welltower raising its full-year FFO midpoint, suggesting investors focused on the risk that growth may decelerate as occupancy gains give way to pricing-led growth. Management said the transition is underway, but described next year’s occupancy outlook conditionally and noted that quarterly trends are not necessarily indicative of the longer-term path.

Key takeaways

Welltower raised its full-year FFO outlook midpoint by $0.10 per share to $6.50; if achieved, that would represent 23% year-over-year growth.
Same-store NOI increased 16%, with SHOP accounting for 70% of same-store NOI; SHOP organic revenue growth was 9.1%.
SHOP occupancy rose 120 basis points sequentially, while RevPOR increased 5.3%. Management said occupancy growth may moderate as communities fill and pricing becomes a larger revenue driver.
SHOP expenses grew 4.3%, or less than 1% on an ExpPOR basis; the RevPOR–ExpPOR spread drove 300 basis points of margin expansion, and flow-through margin reached a record 66%.
The company completed or announced more than $21 billion of investment activity year to date, including 196 transactions with a median size of $35.5 million.

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West African Resources Limited

WFRSF Q3 2026

Reported: 2026-10-30

West African Resources reported record quarterly gold production and substantial cash generation, while Sanbrado output declined and Kiaka’s explosives supply remained a bottleneck. The shares were unchanged, suggesting a neutral market reaction to the mixed operational update.

Key takeaways

Group production reached a record 127,950 ounces; all-in sustaining cost was USD 1,570 per ounce. Management said both were tracking within 2026 guidance of 430,000–490,000 ounces and below USD 1,900 per ounce, respectively.
Kiaka produced 76,030 ounces, up 13% quarter on quarter, with mill throughput up 15%. Sanbrado produced 51,920 ounces, down 10%, mainly due to lower-grade ore from M1 South underground.
Gold sales of 135,245 ounces at an average realized price of USD 4,240 per ounce generated AUD 813 million in revenue and AUD 458 million in operating cash flow. Notional net cash rose USD 220 million to USD 710 million.
The group ended the quarter with approximately AUD 1.2 billion in cash and USD 217 million of unsold bullion. A special dividend of AUD 0.20 per share, totaling AUD 229 million, was paid after quarter-end.
Toega ore deliveries to the Sanbrado mill are expected to begin in early 2027. Explosives supply has improved, but remains an operational bottleneck; M5 South underground stoping is now scheduled to start in early H2 2027.

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Wingstop Inc.

WING Q3 2026

Reported: 2026-10-30

Wingstop’s 12.2% post-earnings gain suggests investors welcomed the quarter’s early signs of improvement and its efforts to sharpen marketing and drive guest frequency. Still, domestic same-store sales fell 5.4%, below expectations, and the company lowered its full-year outlook to a 6.5%–7.0% decline.

Key takeaways

Third-quarter domestic same-store sales declined 5.4%, which management said was below expectations.
Full-year domestic same-store sales outlook was revised to a decline of approximately 6.5%–7.0%.
Most marketing changes launched in the second week of September, limiting their impact on third-quarter results; management cited encouraging early signals but said improvement is taking longer than anticipated.
The company is focusing marketing on guest consideration and frequency, including occasion-based campaigns, value messaging, flavor LTOs, and its Club Wingstop loyalty program.
Club Wingstop enrollment is pacing ahead of plan, according to management.

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Zedge, Inc.

ZDGE Q4 2026

Reported: 2026-10-30

Zedge shares fell 7.2% after earnings, with the clearest concern being a 17% year-over-year decline in Marketplace monthly active users and management’s warning that DataSeeds revenue will likely remain uneven in fiscal 2027. Marketplace monetization improved, but management also expects more measured growth as it calibrates user-acquisition spending to returns.

Key takeaways

Fiscal 2026 consolidated revenue increased approximately 8%; subscription revenue grew nearly 30%, with profitability and free cash flow also improving.
In Q4, Marketplace revenue per monthly active user rose more than 30% year over year to $0.121, and active subscriptions increased 35% to approximately 1.3 million—but MAUs fell 17%.
Management says reversing the MAU decline is a priority and expects to align paid acquisition more closely with advertising returns, potentially slowing Marketplace growth.
DataSeeds secured repeat orders, its first six-figure engagement and work in model evaluation, but remains early-stage; management cautioned that fiscal 2027 revenue will likely be uneven.
Emojipedia revenue continued to decline, weighing on consolidated growth, though the business generates high margins and is being managed for cash generation.

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Earnings Recaps

Airbus SE

Alnylam Pharmaceuticals, Inc.

Antero Resources Corporation

ASM International NV

Advantest Corporation

Allegheny Technologies Incorporated

American Water Works Company, Inc.

Belden Inc.

two

Bunge Limited

Biogen Inc.

Builders FirstSource, Inc.

Bristol-Myers Squibb Company

Boss Energy Limited

Borregaard ASA

Boston Scientific Corporation

Boston Properties, Inc.

Carrier Global Corporation

Caterpillar Inc.

Georgia Capital PLC

Chipotle Mexican Grill, Inc.

CenterPoint Energy, Inc.

Davide Campari-Milano N.V.

Crocs, Inc.

CEMEX, S.A.B. de C.V.

Deutsche Bank Aktiengesellschaft

Daqo New Energy Corp.

Airbus SE

eBay Inc.

New Oriental Education & Technology Group Inc.

EMCOR Group, Inc.

Enphase Energy, Inc.

EPR Properties

Equinix, Inc. (REIT)

Etsy, Inc.

Expand Energy Corporation

Four Corners Property Trust, Inc.

FirstEnergy Corp.

Ferrovial, S.A.

Finnair Oyj

Freddie Mac

FormFactor, Inc.

TechnipFMC plc

Fortinet, Inc.

Alphabet Inc.

Happen, Inc. Common Stock

The Hartford Financial Services Group, Inc.

Huntington Ingalls Industries, Inc.

Houlihan Lokey, Inc.

Hornbeck Offshore Services, Inc

Heritage Insurance Holdings, Inc.

HSBC Holdings plc

Howmet Aerospace Inc.

Intercontinental Exchange, Inc.

Jushi Holdings Inc.

KONE Oyj

Laureate Education, Inc.

L3Harris Technologies, Inc.

Linde plc

LKQ Corporation

Eli Lilly and Company

Cheniere Energy, Inc.

Lynas Rare Earths Limited

Mastercard Incorporated

Mid-America Apartment Communities, Inc.

Mapfre, S.A.

MiMedx Group, Inc.

Mapletree Industrial Trust

Mirion Technologies Inc. Class A Common Stock

Everspin Technologies, Inc.

Merck & Co., Inc.

Microsoft Corporation

Materialise NV

MYR Group Inc.

Norwegian Cruise Line Holdings Ltd.

ServiceNow, Inc.

The Bank of N.T. Butterfield & Son Limited

Novartis AG

NXP Semiconductors N.V.