Earnings Call Insights: Cal-Maine Foods (CALM) Q3 fiscal 2026 Management view CEO Sherman Miller framed Cal-Maine’s strategy as “to compound intrinsic value per share over time through thoughtful portfolio evolution, efficient operations and prudent capital allocation,” while emphasizing mix shift, pricing structure changes, and scaling Prepared Foods to improve earnings durability in a cyclical e...
Earnings Call Insights: Cal-Maine Foods (CALM) Q3 fiscal 2026 Management view CEO Sherman Miller framed Cal-Maine’s strategy as “to compound intrinsic value per share over time through thoughtful portfolio evolution, efficient operations and prudent capital allocation,” while emphasizing mix shift, pricing structure changes, and scaling Prepared Foods to improve earnings durability in a cyclical egg market. Miller highlighted portfolio mix changes: specialty eggs were “50.5% of total shell egg sales compared to 24.4%,” Prepared Foods were “9.5% of net sales compared to 0.8%,” and combined specialty plus Prepared Foods were “52.9% of net sales compared to 24%.” Miller described market conditions as less disrupted than last year: “The average layer in flock is up about 2.2% year-over-year and depopulations are down 70.6% year-over-year,” adding that “retail volumes are up about 3% year-to-date,” while wholesale prices faced pressure as supply recovered and inventory building normalized. Miller pointed to M&A as part of tighter integration across the value chain, citing “the acquisition of the shell egg, egg products and prepared foods assets of Creighton Brothers and Crystal Lake,” which he said adds “nearby liquid egg capacity” to support internal sourcing for Prepared Foods ingredients. “For the third quarter of fiscal 2026, net sales were $667 million compared to $1.4 billion, down 53%,” said CFO Max Bowman, detailing that “diluted earnings per share were $1.06 compared to $10.38,” and noting Cal-Maine ended the quarter with “cash and temporary cash investments of $1.152 billion” and remained “virtually debt-free.” Outlook Management reiterated the Prepared Foods buildout timeline: “We expect Prepared Foods capacity to increase more than 30% over the next 18 to 24 months,” CFO Bowman said, adding that margin recovery is expected to be “progressive… beginning in Q4” and “trending back towards baseline through fiscal 2027 and 2028 as scale and network efficiencies ar...
Advanced Micro Devices (NasdaqGS:AMD) and Samsung have expanded their collaboration in AI memory and computing. The agreement secures HBM4 supply for AMD's next generation Instinct accelerators and advanced DRAM for upcoming EPYC CPUs. Both companies are also exploring adding Samsung as a foundry partner for future AMD products. For investors watching NasdaqGS:AMD, this move links a key AI and dat...
Advanced Micro Devices (NasdaqGS:AMD) and Samsung have expanded their collaboration in AI memory and computing. The agreement secures HBM4 supply for AMD's next generation Instinct accelerators and advanced DRAM for upcoming EPYC CPUs. Both companies are also exploring adding Samsung as a foundry partner for future AMD products. For investors watching NasdaqGS:AMD, this move links a key AI and data center roadmap directly to Samsung's HBM4 and DDR5 technologies. The shares recently closed...
NVIDIA (NasdaqGS:NVDA) has certified VergeIO for RTX vWS, aiming to simplify deployment of GPU-accelerated cloud desktops for enterprises. The VergeIO certification targets professional virtual graphics use cases, including engineering and design workloads that rely on high-performance visualization. NVIDIA has also expanded its AI Factory partnerships, including work with SLB in the energy sector...
NVIDIA (NasdaqGS:NVDA) has certified VergeIO for RTX vWS, aiming to simplify deployment of GPU-accelerated cloud desktops for enterprises. The VergeIO certification targets professional virtual graphics use cases, including engineering and design workloads that rely on high-performance visualization. NVIDIA has also expanded its AI Factory partnerships, including work with SLB in the energy sector and FPT's AI Factory cloud in Southeast Asia built on HGX B300 systems. These developments...
Intel (NASDAQ:INTC), designer and manufacturer of computer processors and related technologies, closed at $48.03, up 8.84% Wednesday. The stock moved higher after Intel agreed to spend $14.2 billion to repurchase Apollo Global Management‘s (NYSE:APO) 49% stake in its Fab 34 Irela
Intel (NASDAQ:INTC), designer and manufacturer of computer processors and related technologies, closed at $48.03, up 8.84% Wednesday. The stock moved higher after Intel agreed to spend $14.2 billion to repurchase Apollo Global Management‘s (NYSE:APO) 49% stake in its Fab 34 Irela