Earnings Call Insights: Ingram Micro Holding Corporation (INGM) Q1 2026 Management View “We delivered another strong first quarter in which we grew net revenue nearly 14%... and delivered non-GAAP earnings per share of $0.75.” (CEO & Director Paul Bay) “Advanced Solutions and Cloud led to growth, driven in part by large GPU and AI infrastructure deals we captured in North America and Asia Pacific ...
Earnings Call Insights: Ingram Micro Holding Corporation (INGM) Q1 2026 Management View “We delivered another strong first quarter in which we grew net revenue nearly 14%... and delivered non-GAAP earnings per share of $0.75.” (CEO & Director Paul Bay) “Advanced Solutions and Cloud led to growth, driven in part by large GPU and AI infrastructure deals we captured in North America and Asia Pacific in the back half of the quarter.” (CEO & Director Bay) “Xvantage is not a tool or a marketplace. It is the operating system for B2B.” (CEO & Director Bay) “In the first quarter alone, it processed approximately 230,000 e-mails into orders, up 78% year-over-year, enabling more than $1 billion in sales with significantly lower manual touch.” (CEO & Director Bay) “Net sales of $13.96 billion were up 13.7% year-over-year... and up 10% on an FX-neutral basis.” (Executive VP & CFO Michael Zilis) “Gross margin came at 6.63% of net sales, down 12 basis points year-over-year.” (Executive VP & CFO Zilis) Outlook “We are guiding net sales of $13.6 billion to $14.0 billion.” (Executive VP & CFO Zilis) “We expect non-GAAP diluted EPS to be in the range of $0.68 to $0.78 per diluted share.” (Executive VP & CFO Zilis) “While we are not necessarily projecting outsized GPU and AI infrastructure projects in our guide, we will continue to participate in these projects.” (Executive VP & CFO Zilis) “Included in this guide is a potential negative impact of $0.01 to $0.03 per diluted share... from the volatile situation in the Middle East.” (Executive VP & CFO Zilis) Versus the prior quarter’s outlook framing, management’s Q2 guide explicitly baked in Middle East risk and reiterated that memory supply constraints were assumed to have “a similar impact in Q2” as in Q1. (Executive VP & CFO Zilis) Financial Results “Gross profit came in at $926 million, up 12% year-over-year.” (Executive VP & CFO Zilis) “Q1 operating expenses were $703 million or 5.04% of net sales compared to 5.11% in the same peri...
Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories. A healthy appetite for both saving and borrowing pushed NatWest ’s first-quarter profit up to £2 billion . Customer deposits increased by £3.1 billion, indicating a resilient Brit keen to save cash despite dealing with higher taxes and economic uncertainty ramping up with the ...
Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories. A healthy appetite for both saving and borrowing pushed NatWest ’s first-quarter profit up to £2 billion . Customer deposits increased by £3.1 billion, indicating a resilient Brit keen to save cash despite dealing with higher taxes and economic uncertainty ramping up with the Iran war. Chief executive Paul Thwaite said it benefited from “healthy customer activity.” It’s the latest UK lender to report since the conflict began, with each warning that inflation risks loom which would heighten pressure on the consumer. Loans from NatWest, one of the country’s largest mortgage lenders, increased by £7.2 billion and it’s expecting a bumper year. Still, shares fell 4% in early trading as some analysts said the numbers and guidance just aren’t enough. What’s your take? Ping me on X , LinkedIn or drop me an email at lmoon13@bloomberg.net. Oh, and do subscribe to Bloomberg.com for unlimited access to trusted business journalism on the UK, and beyond. What We’re Watching Chiming with that, house prices unexpectedly rose for the fourth straight month, according to Nationwide. It suggests buyers are unfazed by a jump in borrowing costs since the Iran war started. More from my colleague Morwenna below. The Bank of England may have kept rates on hold yesterday but it’s edging in a more hawkish direction of hikes, in tandem with the ECB. That could happen as soon as June to stave off the threat of renewed inflation. King Charles’ visit to the US has resulted in a major trade concession : Donald Trump has said he’ll remove some Scotch whisky tariffs . Those have been a major flashpoint between the US and UK, so it marks a key win for Britain particularly as it tries to thaw an icy special relationship. While Keir Starmer is likely pleased his gamble of sending the apolitical monarch into the politically charged White House has paid off, but that thawing may not ...
O2O Creative/E+ via Getty Images The US basked in excess sunshine in the March quarter of 2026, with solar insolation levels exceeding the 20-year average by 5.8%. Average wind speeds for the quarter were near normal, with a negative deviation from the norm of just 0.2%. This is despite a breezy March, as countrywide winds were 6% above average. North of the US border, a cloudy March led to quarte...
O2O Creative/E+ via Getty Images The US basked in excess sunshine in the March quarter of 2026, with solar insolation levels exceeding the 20-year average by 5.8%. Average wind speeds for the quarter were near normal, with a negative deviation from the norm of just 0.2%. This is despite a breezy March, as countrywide winds were 6% above average. North of the US border, a cloudy March led to quarterly radiation levels 2.7% below normal in Canada, while winds were 2.2% higher than the 20-year average. The southern and central US regions, from Texas and Louisiana up through Missouri and Illinois, experienced radiation surpluses ranging from 11% to 13% above normal in the March quarter. Seven states experienced double-digit positive deviations from the 20-year average, with the installed photovoltaic capacity of these states surpassing 48 gigawatts. Just six of the 49 states with operating grid-scale solar capacity in the US experienced below-normal insolation from January to March. Within the contiguous US, the largest negative quarterly deficit was 3.9% in New York — home to the largest solar fleet — that had below-average sunshine in the first quarter at 3.4 GW. March was especially cloudy in New York, with a deviation of 11.4% below the norm. Conditions for wind generation in the US were less optimal, though still close to average across the country, with 22 of the 44 states reporting operating grid-scale wind capacity experiencing above-average wind speeds in the first quarter of 2026. Wyoming and Montana — with a combined 7 GW of wind capacity — had the largest positive departure from the norm with March-quarter winds 8.5% and 7.3% higher than normal, respectively. Conversely, the Western US took in sub-par breezes from January through March. Arizona, California, Oregon and Washington all experienced quarterly deviations 10.2%-11.8% lower than the 20-year average. Oregon and Washington maintained double-digit negative deviations from the norm in the first quarter,...
SPS Commerce Inc (SPSC) reports a 6% revenue increase and robust AI-driven efficiencies, while navigating headwinds in its Amazon revenue recovery business.
SPS Commerce Inc (SPSC) reports a 6% revenue increase and robust AI-driven efficiencies, while navigating headwinds in its Amazon revenue recovery business.
When it comes to retirement planning, few choices carry as much weight as when to claim Social Security. It may seem like a simple decision at first -- start benefits as soon as you're eligible or wait a bit longer. But the timing of your Social Security claim could have a lasting impact on your finances in more ways than one. So it's important to get that decision right. Image source: Getty Image...
When it comes to retirement planning, few choices carry as much weight as when to claim Social Security. It may seem like a simple decision at first -- start benefits as soon as you're eligible or wait a bit longer. But the timing of your Social Security claim could have a lasting impact on your finances in more ways than one. So it's important to get that decision right. Image source: Getty Images. Continue reading
Shiba Inu (CRYPTO: SHIB) is currently trading nearly 93% below its October 2021 peak of around $0.000088. While some investors may expect a rebound after such a steep decline, the reality seems more complicated. Image source: Getty Images. Larger cryptocurrencies such as Bitcoin and Ethereum benefit from stronger real-world use and broader investor support. However, even the earlier rally of Shiba...
Shiba Inu (CRYPTO: SHIB) is currently trading nearly 93% below its October 2021 peak of around $0.000088. While some investors may expect a rebound after such a steep decline, the reality seems more complicated. Image source: Getty Images. Larger cryptocurrencies such as Bitcoin and Ethereum benefit from stronger real-world use and broader investor support. However, even the earlier rally of Shiba Inu has been driven more by hype than by durable adoption or clear long-term catalysts. Hence, any meaningful price recovery will likely depend on whether Shiba Inu can build real-world utility and sustain broader adoption over time. Continue reading
Hong Kong residents flocked to Shenzhen on Friday, drawn by ‘better service’ at restaurants and family-friendly attractions as the Labour Day “golden week” holiday began. Affordability has also lured droves of Hongkongers across the border, with families budgeting about HK$1,000 (US$128) for a full day in the tech hub, covering restaurants, dental clinics, indoor amusement parks and ice-skating ri...
Hong Kong residents flocked to Shenzhen on Friday, drawn by ‘better service’ at restaurants and family-friendly attractions as the Labour Day “golden week” holiday began. Affordability has also lured droves of Hongkongers across the border, with families budgeting about HK$1,000 (US$128) for a full day in the tech hub, covering restaurants, dental clinics, indoor amusement parks and ice-skating rinks. Labour Day is a statutory public holiday in Hong Kong and marks the start of mainland China’s...
Profits ahead of expectations but almost half of £283m impairment charge follows forecast reassessment Business live – latest updates NatWest said the economic fallout from the conflict in the Middle East could cost it £140m amid slowing growth and rising inflation even as it reported profits ahead of expectations. Overall, the FTSE 100 lender booked a £283m impairment charge and said that almost ...
Profits ahead of expectations but almost half of £283m impairment charge follows forecast reassessment Business live – latest updates NatWest said the economic fallout from the conflict in the Middle East could cost it £140m amid slowing growth and rising inflation even as it reported profits ahead of expectations. Overall, the FTSE 100 lender booked a £283m impairment charge and said that almost half of that was because of a reassessment of its economic forecast to “reflect increased geopolitical risk and weaker equity markets”. Continue reading...
Japan’s government-backed lender and private bankers announced their first loans as part of the nation’s $550 billion commitment to US projects under a trade agreement with President Donald Trump . The Japan Bank for International Cooperation said it granted loans for the initial three projects to be co-financed with private lenders, according to Friday statements. Together, they total around $2.2...
Japan’s government-backed lender and private bankers announced their first loans as part of the nation’s $550 billion commitment to US projects under a trade agreement with President Donald Trump . The Japan Bank for International Cooperation said it granted loans for the initial three projects to be co-financed with private lenders, according to Friday statements. Together, they total around $2.2 billion — far short of the $36 billion that the US expects Japan to invest for the first wave of the projects. In loans, JBIC and the private lenders will provide up to $1.89 billion for a natural gas project in Ohio, up to $23 million for a synthetic diamond project in Georgia, and up to $313 million for a crude oil transportation project in the Gulf of Mexico, JBIC said in statements. Of each total, JBIC will provide up to $630 million, $7 million and $104 million for the projects respectively, according to the statements. The remaining portions will be provided by private financial institutions and are insured by Nippon Export and Investment Insurance . The $550 billion initiative aims to spur a wave of Japanese investment in key US industries and was a central pillar of the tariff deal between the two countries. Trump agreed to set levies at 15% on Japanese products, lowering the duty for automobiles, a critical driver for Japan’s economy. It’s not clear how much money will be committed in the form of direct investment. Japanese Trade Minister Ryosei Akazawa , who led Japan’s team in last year’s trade negotiations, has said only 1%-2% of the $550 billion mechanism would consist of cash investments, with the majority coming from loans and loan guarantees. In March, Trump and Japanese Prime Minister Sanae Takaichi announced a second round of investment projects including a nuclear power project during her visit to Washington. It remains unclear how those projects will be financed. Japan, US Reach $36 Billion of Gas, Mineral Deals in Trump Pact Trump, Takaichi Unveil $40 ...
Earnings Call Insights: IDACORP (IDA) Q1 2026 Management view “IDACORP's diluted earnings per share were $1.21 compared with $1.10 last year,” and “we're reaffirming our full year 2026 IDACORP earnings guidance estimate in the range of $6.25 to $6.45 diluted earnings per share,” Amy Shaw (VP of Finance, Compliance & Risk) said. “We've seen an overall customer increase of 2.3% since last year's fir...
Earnings Call Insights: IDACORP (IDA) Q1 2026 Management view “IDACORP's diluted earnings per share were $1.21 compared with $1.10 last year,” and “we're reaffirming our full year 2026 IDACORP earnings guidance estimate in the range of $6.25 to $6.45 diluted earnings per share,” Amy Shaw (VP of Finance, Compliance & Risk) said. “We've seen an overall customer increase of 2.3% since last year's first quarter,” and “industrial energy sales grew by 5.7%,” Lisa Grow (CEO, President & Director) said, adding, “we're starting to see the ramp-up in loads and revenues from some of our large industrial customers, and that ramp will accelerate during the year.” “Legislation was passed in Idaho this year that effectively codified the way we currently develop large load contracts,” Grow said, noting “one change… established a deadline of 9 months for the PUC's contract approval process.” “I'm happy to report that the Idaho Commission approved our 2026 Wildfire Mitigation Plan earlier this month,” Grow said. “We've received a CPCN… for the company-owned 167-megawatt… natural gas plant” near Bennett Mountain, and the company “filed 4 CPCNs in Idaho for 2 additional natural gas plants,” Grow said, describing plans to bring “the 222-megawatt South Hills project online in 2029” and “the 430-megawatt Peregrine project in 2030.” “We plan to make filings in the next couple of months with the Oregon and Idaho Commissions and FERC for the approval of the sale,” Grow said, referencing the previously announced Oregon service area divestiture. “We saw strong results even with unusually mild weather and several expected headwinds,” Brian Buckham (Executive VP, CFO & Treasurer) said. Outlook “Our key operating metrics and guidance are unchanged, except for our hydropower generation forecast as we reduced the top end of the range,” Shaw said. “We expect IDACORP's diluted earnings per share this year to be in the range of $6.25 to $6.45,” John Wonderlich (Investor Relations Manager) said. “We st...
JHVEPhoto/iStock Editorial via Getty Images XPeng ( XPEV ) delivered 31,011 vehicles in April 2026, marking a 13.0% sequential increase from March. The company attributed the growth to the successful rollout of its VLA 2.0 intelligent driving system, which significantly accelerated the sales cycle by reducing customer purchase decision times by 44.7% month-over-month. Beyond sales volume, the mont...
JHVEPhoto/iStock Editorial via Getty Images XPeng ( XPEV ) delivered 31,011 vehicles in April 2026, marking a 13.0% sequential increase from March. The company attributed the growth to the successful rollout of its VLA 2.0 intelligent driving system, which significantly accelerated the sales cycle by reducing customer purchase decision times by 44.7% month-over-month. Beyond sales volume, the month was marked by significant strategic milestones, including the unveiling of the full-sized flagship GX SUV and the expansion of the company’s European manufacturing footprint, deepening of its partnership with Magna, with the start of local P7+ production in Austria. More on XPeng XPeng: Near-Term Growth Pains Meet Solid, Diversified Prospects - Reiterate Buy XPeng: Looks Like A Tesla That Keeps Its Promises, Long-Term Strong Buy XPeng: Margin Inflection Point Reached Beijing Auto Show: Is the U.S. running out of road to compete with China? XPeng in talks with global automakers, plans overseas factories
Earnings Call Insights: LPL Financial (LPLA) Q1 2026 Management view CEO Richard Steinmeier said Q1 was “a strong start to the year” with “solid organic asset growth,” progress “to onboard Commonwealth Financial Network,” and “meaningful progress driving improved operating leverage,” while noting “rising macroeconomic and geopolitical uncertainty” and “an increasingly loud and often speculative na...
Earnings Call Insights: LPL Financial (LPLA) Q1 2026 Management view CEO Richard Steinmeier said Q1 was “a strong start to the year” with “solid organic asset growth,” progress “to onboard Commonwealth Financial Network,” and “meaningful progress driving improved operating leverage,” while noting “rising macroeconomic and geopolitical uncertainty” and “an increasingly loud and often speculative narrative around the role of artificial intelligence and wealth management.” Steinmeier reported that “total assets decreased to $2.3 trillion” and the firm “attracted organic net new assets of $21 billion,” and added that “recruited assets improved to $17 billion,” with the “overall pipeline” pushed “to record levels.” On Commonwealth, Steinmeier said “asset retention… is in the mid-80s today” and “we continue to track towards our target of 90% retention,” while emphasizing preserving “Commonwealth’s indispensable approach to adviser satisfaction” and building “a comprehensive case management solution” to modernize service and operations. CFO Matthew Audette said the quarter reflected “strong first quarter business and financial performance,” highlighting “adjusted pretax margin of approximately 38% and record adjusted EPS of $5.60,” and added that LPL “opportunistically resumed buybacks earlier this month with roughly $125 million planned for Q2.” Outlook Audette guided to 2026 core G&A of “$2.155 billion to $2.19 billion,” stating the company is “lowering the upper end of our outlook range by $20 million,” and guided Q2 core G&A to “$540 million to $560 million.” Audette said, “we expect our payout rate will increase approximately 50 basis points in Q2,” and that “based on where client cash balances and interest rates are today, we expect our ICA yield to be roughly flat” in Q2. Audette guided Q2 service and fee revenue to “increase by approximately $5 million,” Q2 transaction revenue to “decline by roughly $5 million,” and Q2 TA loan amortization to “increase by roughly $...