Today's Earnings Calls Pulse
Synopsys posts record FY2025 revenue and secures $2B Nvidia investment
Synopsys reported FY2025 revenue of $7.05 billion, up 15% year‑over‑year, and a backlog of $11.4 billion. Q4 revenue hit $2.25 billion, beating guidance, while non‑GAAP operating margin rose to 37.3% and EPS exceeded forecasts. The company also announced a $2 billion strategic equity investment from Nvidia and plans to prepay $2.55 billion of obligations.
Broker’s Call: Lumax Auto Tech (Buy)
Lumax Auto Tech posted strong Q3FY26 results, with revenue up 40%, EBITDA up 49% and profit after tax up 116% YoY, aided by a one‑time deferred tax gain from the GreenFuel Energy merger. Management lifted FY26 revenue guidance to 30% and expects EBITDA margins to reach 20% within five years, driven by operational efficiencies and a high‑margin component portfolio. OEM relationships expanded, with notable revenue growth from Maruti Suzuki, Tata Motors, Mahindra & Mahindra and Bajaj Auto. SBI Securities raised its target price to ₹2,210, applying a 30× FY27E EPS multiple.
Antofagasta Profit Rockets 52% as Record Copper Prices Offset Weaker Output
Chilean miner Antofagasta reported a 52% surge in 2025 core profit to $5.2 bn, driven by record copper prices that rose over 40% last year. Despite slightly lower output, the company lifted capital spending to $3.7 bn, mainly for the Centinela concentrator...
SEALSQ Announces FY 2025 Key Preliminary / Unaudited Financials Metrics: Reports 66% Year Over Year Revenue Growth to $18 Million
SEALSQ Corp reported FY 2025 revenue of $18 million, a 66% year‑over‑year increase, while maintaining a cash balance above $425 million. The company posted a net loss of $30‑40 million, reflecting heightened R&D and integration expenses. It highlighted a $200 million plus business pipeline, including...
Kite Realty Group Reports Fourth Quarter and Full Year 2025 Operating Results and Provides 2026 Guidance
Kite Realty Group (KRG) posted a dramatic turnaround in 2025, reporting net income of $298.7 million ($1.37 per diluted share) versus $4.1 million the prior year. The REIT leased roughly 4.6 million sq ft at a 13.8% comparable cash‑leasing spread and entered two joint‑venture partnerships...
Cogent Biosciences Reports Recent Business Highlights and Fourth Quarter and Full Year 2025 Financial Results
Cogent Biosciences announced that its lead drug bezuclastinib is on track for multiple FDA submissions in 2026, including NDAs for non‑advanced systemic mastocytosis (Non‑AdvSM), advanced SM (AdvSM) and second‑line GIST. The company reported $901 million in cash, sufficient to fund operations...
EToro Reports $868M Net Contribution for 2025, Funded Accounts Rise to 3.8 Million
eToro posted its first full‑year results as a public company, reporting a net contribution of $868 million, a 10% increase year over year, and GAAP net income of $216 million. Growth was driven by expanded stock, derivatives and ISA offerings, while crypto...
Small-Cap Q3 Earnings Meet Expectations: Should Investors Increase Exposure to Small-Cap Stocks?
Indian small‑cap earnings for Q3 FY25 matched consensus forecasts, signalling a shift toward earnings normalisation after a period of rapid growth. While profit expansion has steadied, valuations remain elevated relative to peers, prompting analysts to stress quality over sheer size....
Diamond Power Infrastructure Net Zooms 8 Times to ₹50 Crore on Better Demand
Diamond Power Infrastructure (DICABS) posted a net profit of ₹50 crore in the December quarter, an eight‑fold increase from the same period last year. Revenue surged 54 percent to ₹474 crore, driven by higher capacity utilization and premium EHV cable sales. The firm...
Scott Kennedy’s BDC Earnings Series: Assessing Sixth Street Specialty Lending’s Performance For Q4 2025
Sixth Street Specialty Lending reported its Q4 2025 results, posting a 12% increase in net asset value to $1.84 billion and a 9% rise in earnings per share. The BDC’s portfolio composition shifted toward higher‑yield middle‑market loans, boosting the weighted‑average interest rate...
BHP Profit Climbs as Copper Offsets China Drag on Iron Ore
BHP Group posted a 22% rise in underlying attributable profit to $6.2 billion for the six months ended December, propelled by a sharp rally in copper prices. At the same time, demand weakness in China dampened iron‑ore and steelmaking‑coal sales. The...
Vicat - FY 2025 Results
Vicat reported FY 2025 organic sales up 3.3% year‑on‑year, accelerated to 8.1% in Q4, while EBITDA rose 3.7% LFL to €771 million with a stable 20% margin. Net debt fell €85 million, bringing leverage to 1.49 times, and free cash flow remained strong at...
Embracer Sales Decline 26% to $1.3bn During First Nine Months of Fiscal Year
Embracer Group reported a 26% year‑on‑year drop in net sales to SEK 11.9 billion ($1.3 billion) for the nine months ending December 31, 2025, with mobile revenues plunging 63% and PC/console sales down 22%. Despite the overall decline, CEO Phil Rogers called Q3 a “clear...
Cohu: Maintaining Bearish Stance Post Q4 Earnings Release
Cohu, Inc. posted a Q4 earnings miss despite a 34% surge in recurring bookings and over 12% revenue growth, keeping operating losses and margins under pressure. The company added $290 million of convertible debt, raising dilution concerns, while one‑time inventory charges...
Toyokumo Q4 & FY 2025 Results
The episode breaks down Toyokumo's Q4 and full‑year FY 2025 financial results, highlighting revenue growth, margin compression, and cash flow trends. The host evaluates whether the company's recent performance signals a genuine investment opportunity or a potential trap for retail...
E632: Amazon’s Stock Is Cratering – Here’s What Happened
In this episode Dave breaks down Amazon’s near‑10% stock plunge, contrasting it with an 8% e‑commerce growth rate and record‑high AWS revenue. He examines the factors behind the dip, including aggressive 2026 capital spending and investor skepticism about AI initiatives...
Metaplanet Operating Profit to Rise 81% in 2026 After Soaring 17-Fold Last Year on Options Writing
Metaplanet, Japan’s largest bitcoin treasury firm, posted a 17‑fold jump in operating profit to ¥6.28 bn in 2025, propelled by a surge in options‑writing premiums that lifted revenue 738% to ¥8.9 bn. Despite the earnings boom, a steep bitcoin price decline generated...
Broker’s Call: Ola Electric (Sell)
Emkay Global downgraded Ola Electric Mobility to Sell, slashing its target price by 60% to ₹20 from ₹50. The company posted a weak Q3, with revenue down 55% YoY and a 61% drop in unit volume to 32,000 units, pushing...
Carl Zeiss Meditec: When the Thesis Gets Punched in the Mouth
In this episode, the host revisits his deep‑dive analysis of Carl Zeiss Meditec, using the company’s Q1 FY2025/26 earnings call as a live case study to demonstrate how investment theses should evolve with new data. He critiques the common practice...
🛒 Instacart (CART): The EPS Miss That Didn’t Matter
In this episode Edward Corona examines Instacart’s (CART) recent earnings report, highlighting that while the company missed GAAP EPS expectations, its stock surged over 9%. He explains that the market focused on underlying growth metrics—especially rising customer spend—and ignored the...
Credit Pushes Guests Toward
Credit almost always leads to people spending more. From Airbnb's Q4 earnings: "Reserve Now, Pay Later saw significant adoption among eligible guests in Q4. It's also led to longer booking lead times and a mix shift towards larger entire homes, especially those...
Sabra CEO: Skilled Nursing M&A Remains Relationship-Driven and Limited in 2026
Sabra Health Care REIT sold seven skilled‑nursing properties for $51 million in Q4, signaling a sharp pullback in nursing‑home M&A for 2026. The REIT’s pipeline will focus almost entirely on senior housing, which represents roughly 95% of its investment opportunities and...
AI Agent Traffic Drives First Profitable Year for Fastly
Fastly reported its first profitable fiscal year, posting $172.6 million in Q4 2025 revenue, a 23% year‑over‑year increase. The growth is driven by a surge in AI agent traffic, which now represents 29% of all web requests on Fastly’s edge network....
Instacart Jumps 7% on Strong Results as CEO Calls Grocery Competition Fears 'Overblown'
Instacart reported fourth‑quarter revenue that beat expectations and a 14% rise in gross transaction value, its strongest growth in three years. Orders reached 89.5 million, surpassing StreetAccount forecasts, and the company projected GTV of $10.13‑$10.28 billion for the year, above analyst estimates....
McLeod Russel Reports Narrowing of Q3 Net Loss at ₹36.41 Crore, Revenue Rises 20%
McLeod Russel narrowed its Q3 consolidated net loss to ₹36.41 crore, down from ₹87.33 crore a year earlier, while revenue from operations climbed 20% to ₹445.45 crore. The company acknowledged continued financial stress, citing outstanding inter‑corporate deposits and ongoing legal actions. Lenders have...
Enbridge Books Record-High Core Earnings for 2025
Enbridge posted record‑high 2025 core earnings, reporting adjusted EBITDA of US$14.7 billion, a 7% increase over 2024, and a 9% rise in adjusted earnings. The fourth‑quarter adjusted EPS of US$0.65 topped analyst forecasts of US$0.56. The company credited expanding pipeline takeaway...
Transmission Drives Exelon’s Capital Spending Plan to $41.3B
Exelon announced a $41.3 billion, four‑year capital plan, with transmission accounting for more than 70% of the increase. The utility added $2.3 billion for high‑voltage upgrades to support an 18 GW data‑center pipeline and broader load growth. CFO Jeanne Jones projected an additional...
TOST Q4 Margins Surge, Profit Spikes over 200%
$TOST Q4: Operating income +140% YoY, net income +216% YoY. Margins expanding across the board. Revenue came in at $1.63B, up 22% YoY. Growth moderated vs +25% last quarter, but profitability stepped up meaningfully. Gross profit grew 27% YoY with gross margin...
PMI's Q4 Results Reshape Valuation and Investment Outlook
In subscribers' inboxes this morning Philip Morris International: The Next Phase $PM - Q4 earnings - Combustibles formula - HTU durability - Pouch uncertainty - Valuation + capital returns - My investment decision (newsletter link in bio) https://t.co/gcDQdJkcds
TF1 Leans on TF1+ Momentum as Ad Market Softens
TF1 Group posted 2025 revenue of €2.297 bn, a 2.5% decline driven by a softening advertising market, especially in Q4. Media division revenue fell 4.5% to €1.921 bn while Studio TF1 grew 9.2% to €376 million. The digital platform TF1+ delivered a 35.8% jump...
Unilever Earnings: Solid Volume Growth and Margin Expansion; Shares Fairly Valued
Unilever reported fourth‑quarter underlying sales up 4.2% with volume rising 2.1%, and delivered a full‑year operating margin of 20%, outpacing forecasts. Power brands now account for 79% of sales, reflecting a strategic shift toward higher‑margin categories. The company’s focus on...
Quick Updates: Frosta, Alimanetation Couche-Tard, Bombardier, Bouvet & Robertet
Frosta released a preliminary earnings update showing a 12% drop in net income for 2025, but its core brands delivered robust growth—16% for the Frosta brand and 18% for ready‑made meals, outpacing market averages. The company kept its dividend at...
Ola Electric Q3 Results: Loss Narrows YoY to Rs 487 Crore; Revenue Falls 55%
Ola Electric reported a narrower Q3 FY26 loss of Rs 487 crore versus Rs 564 crore a year earlier. Revenue from operations plunged 55% year‑on‑year to Rs 470 crore, driven by a steep decline in automotive sales. Unit deliveries fell to about 32,680, down from 84,029,...
Eutelsat “on Track”, LEO Revenues up 60%
Eutelsat’s mid‑year update highlighted a 60% surge in LEO (OneWeb) revenue, now accounting for more than one‑third of its Connectivity earnings. Overall revenue slipped to €574 million, while the Video division fell 12.3% amid continued Russian sanctions. Fixed Connectivity, Government services...
T-Mobile US Still Winning in Wireless but the Interest Is in Fixed
T‑Mobile US posted 962,000 post‑paid net adds in Q4 2025, keeping it ahead of AT&T and close to Verizon, though slightly below analyst expectations. The carrier’s earnings call, led by new CEO Srini Gopalan, emphasized steady wireless momentum while hinting at...
Alphabet Q4: Search Rebounds 17%, Cloud Drives 48% Revenue
Alphabet Q4 2025: Search reaccelerated to 17%. Cloud hit 48% at 30% margins. Full breakdown live for SCIS members: https://steadycompounding.com/investing/alphabet-q4-2025/
DraftKings Stock Tumbles on New Full-Year Revenue Estimate
DraftKings' shares fell 13% after the company reported fourth‑quarter earnings and issued FY2026 revenue guidance that missed analysts' expectations. Revenue reached $2 billion, matching consensus, while earnings per share rose to $0.25 versus the $0.16 forecast. The 2026 sales outlook of...
Roku Made Over $4.7 Billion in 2025
Roku reported $4.737 billion in net revenue for 2025, a 15% year‑over‑year increase, while streaming hours rose 15% to 145.6 billion. The company highlighted record‑breaking Premium Subscriptions net adds in Q4 and a 75% jump in Roku Sports sign‑ups. The Roku Channel...
Roku Sees Higher Revenue, Positive Net Income For 2025 As Platform Makes Gains
Roku reported a strong fourth‑quarter 2025, posting $1.5 billion in revenue—a 16% year‑over‑year increase—and its first positive net income of $80.5 million. Platform revenue surged 18% to $1.2 billion, driven by higher video‑ad sales and a record share of streaming minutes. The company...
Trinity: ‘Disciplined Lease Pricing’ and ‘Active Portfolio Management’ Delivers ‘Strong’ 4Q25, Full-Year Results
Trinity Industries posted Q4 2025 revenue of $611.2 million, a 2.97% decline year‑over‑year, driven by weaker external deliveries in its Rail Products Group. The Rail Products segment saw a 23.3% revenue drop to $426.7 million, while the Railcar Leasing and...
CBRE Sees 13% Growth in Facilities Management Revenue
CBRE reported a 13% year‑over‑year increase in facilities‑management revenue for Q4 2025, driven by strong data‑center services and expanding local operations in the Americas. The building operations and experience segment grew 15%, bolstered by recent acquisitions of Industrious and Pearce...
Nebius Q4 2025 Earnings Reveal AI Infrastructure Growth
Nebius, an AI infrastructure business, just released their Q4 2025 earnings. Here’s everything you need to know at a glance:
Coinbase Q4 Revenue Hits $1.8B, Stablecoins Lead
Coinbase just published Q4 earnings. $1.8B in Q4 revenue. $1.35B in annual stablecoin revenue alone. 12 product lines over $100M. Full interview with @Coinbase CFO Alesia Haas dropping in tomorrow's @twifintech. https://t.co/8YNkyflnTw
Adyen Shares Plummet After Payments Giant Posts Weak Revenue Growth Outlook
Adyen’s shares tumbled up to 20% after the payments firm issued a 2026 net‑revenue growth outlook of 20%‑22%, falling short of analysts’ 22.8% expectation. In the second half of 2025 the company posted 17% year‑on‑year net‑revenue growth to €1.27 billion, while...
Shopify's Profit Soars 26% CAGR, Costs Barely Rise
"While $SHOP gross profit compounded at ~26% CAGR since 2022, its operating expenses (S&M, R&D, and G&A) grew by only ~2% CAGR during this period." Shopify's Miraculous Momentum: https://t.co/ezGEIE1lOG https://t.co/WDbrMgAx78
IBM Q4 Earnings Surpass Forecasts on Strong AI Demand
IBM Q4 Beats Estimates Fueled by AI Demand #AI #MWC26 #5G #IoT @IBM @IBMNews https://t.co/xzAwMO0aqM https://t.co/rYxghS2vOq
Relx Reassures as AI Fears Hit Data Stocks
Relx posted FY2025 revenue of £9.59 bn, a 7% increase, with operating profit climbing to £3.03 bn and earnings per share rising to 112.6p. The company also raised its full‑year dividend to 67.5p and completed £1.5 bn of share buybacks. These results arrived...
Surge in ANZ, CBA Helps Drive ASX Higher; AMP, Temple & Webster Tumble
Australian equities rose 0.3% to 9,043.5 as a surge in bank stocks lifted the S&P/ASX 200. ANZ Bank reported a $1.9 bn profit for the December quarter, sending its shares up 8.5% and sparking gains across Commonwealth, Westpac and NAB. In contrast,...
🏹 Robinhood: Strong Platform, Weak Crypto, Split Narrative
The episode dissects Robinhood's latest earnings, highlighting a modest EPS beat but a revenue miss at $1.28 billion, with investors zeroing in on the platform's faltering crypto segment. It examines how the slowdown in crypto trading revenue is weighing on the...
Ray-Ban Maker EssilorLuxottica Says It More than Tripled Meta AI Glasses Sales in 2025
EssilorLuxottica reported that it sold more than 7 million Meta‑powered AI glasses in 2025, more than tripling the combined 2023‑24 volume of 2 million units. The sales surge spans its flagship Ray‑Ban line and the newer Oakley smart‑glasses, driven by a $799...
Shopify Stock Drops Despite Revenue Beat, $2 Billion Buyback
Shopify reported fourth‑quarter revenue of $3.67 billion, topping forecasts, but earnings per share fell short at 48 cents versus the 51‑cent consensus. The company projected first‑quarter revenue growth in the low‑30% range and a free‑cash‑flow margin in the low‑to‑mid teens, slightly below...