MACOM Technology Solutions (NASDAQ:MTSI) reported fiscal second-quarter 2026 revenue of $289 million and adjusted earnings per diluted share of $1.09, supported by what management described as strong demand across its three end markets and a record backlog. President and CEO Steve Daly said sequent
MACOM Technology Solutions (NASDAQ:MTSI) reported fiscal second-quarter 2026 revenue of $289 million and adjusted earnings per diluted share of $1.09, supported by what management described as strong demand across its three end markets and a record backlog. President and CEO Steve Daly said sequent
Rheinmetall AG sees growing demand for its air defense systems in the Middle East amid the Iran conflict and hopes to nearly double the number in use there by the end of 2027, the company’s chief executive officer said in an interview. This year, Rheinmetall can only deliver about 10 Skyranger and Skynex cannons to the Gulf without asking European customers to delay deliveries, CEO Armin Papperger...
Rheinmetall AG sees growing demand for its air defense systems in the Middle East amid the Iran conflict and hopes to nearly double the number in use there by the end of 2027, the company’s chief executive officer said in an interview. This year, Rheinmetall can only deliver about 10 Skyranger and Skynex cannons to the Gulf without asking European customers to delay deliveries, CEO Armin Papperger said on Thursday. The systems cost tens of millions of dollars but the ammunition is much cheaper than missile-based systems — a sought-after feature when defending against low-cost drones, a persistent threat during the Iran war. About 150 Skyrangers and Skynexes are already in use in the region, he said. “Next year, we will grow to 400 systems and things will look very different,” Papperger said of production capacity. “Then, it might be possible to deliver up to 100 systems.” Rheinmetall is also developing missiles with Destinus SA , however, in a venture that is expected to start production toward the end of the year. The company last year said it was working with US defense giant Lockheed Martin Corp. on a similar project, but technology transfer and workshare negotiations are delaying the process, Papperger said. He acknowledged growing tensions between the US and Europe, but said the Destinus project wasn’t related to that. “This is not about gaining independence from the US, but it’s important not to put all our eggs in one basket,” the CEO said. Major German vehicle orders, including a EU37 billion contract for Boxer vehicles, must arrive by the end of the year to avoid delaying delivery past 2029, Papperger said in a separate analyst call. He attributed the slowness to the fact that procurement efforts have expanded faster than the government bodies responsible for them. “They make now 10 times more contracts than they did five years go, and the number of people in the procurement agency has not grown,” Papperger said.
PeopleImages/E+ via Getty Images Toast Inc. ( TOST ) shares fell over 9% premarket on Friday even as the restaurant management software company topped first-quarter earnings expectations and raised outlook for the year. The company posted Q1 GAAP EPS of $0.20, beating estimates by $0.04, while revenue rose 21.6% year over year to $1.63B, roughly in line with expectations. Net income increased to $...
PeopleImages/E+ via Getty Images Toast Inc. ( TOST ) shares fell over 9% premarket on Friday even as the restaurant management software company topped first-quarter earnings expectations and raised outlook for the year. The company posted Q1 GAAP EPS of $0.20, beating estimates by $0.04, while revenue rose 21.6% year over year to $1.63B, roughly in line with expectations. Net income increased to $126M from $56M a year earlier, while adjusted EBITDA climbed to $179M from $133M. Key operating metrics remained solid: ARR grew 26% Y/Y to $2.2B Gross payment volume increased 22% to $51.3B Total locations rose 22% to ~171,000 Subscription services and fintech gross profit increased 32% to $520M. Toast guided Q2 adjusted EBITDA to $185M–$195M and projected subscription services and fintech solutions gross profit growth of 22%–24% Y/Y. For full-year 2026, the company raised its adjusted EBITDA outlook to $790M–$810M, up from prior guidance of $775M–$795M, while also increasing its subscription services and fintech gross profit growth forecast to 21%–23%. More on Toast Toast: The Profit Era Begins Toast: A High-Growth Specialist With AI Tailwinds Toast: More Than Just A POS Toast GAAP EPS of $0.20 beats by $0.04, revenue of $1.63B in-line Toast Q1 2026 Earnings Preview
naotake Leonardo ( DRS ) appointed Lorenzo Mariani as its new CEO after shareholders narrowly approved the Italian government-backed board slate in a closely contested vote. The Italian finance ministry, which owns about 30% of Leonardo ( DRS ), proposed Mariani last month to replace outgoing CEO Roberto Cingolani , a move that surprised investors and sparked a shareholder revolt led by activist i...
naotake Leonardo ( DRS ) appointed Lorenzo Mariani as its new CEO after shareholders narrowly approved the Italian government-backed board slate in a closely contested vote. The Italian finance ministry, which owns about 30% of Leonardo ( DRS ), proposed Mariani last month to replace outgoing CEO Roberto Cingolani , a move that surprised investors and sparked a shareholder revolt led by activist investor Guy Wyser-Pratte . At the company's ( DRS ) annual general meeting, the government-backed slate secured 50.1% of votes cast, while a rival shareholder-backed slate received 49.5%, resulting in a 12-member board with eight government-backed directors and four from the dissident group. The leadership transition comes shortly after Leonardo ( DRS ) reported strong Q1 2026 results, including a 30.7% jump in orders to €9B. More on Leonardo DRS Leonardo DRS, Inc. (DRS) Q1 2026 Earnings Call Transcript Leonardo DRS, Inc. 2026 Q1 - Results - Earnings Call Presentation Leonardo DRS: Strong Demand Meets Supply-Side Constraints Leonardo DRS forecasts $3.9B-$3.975B 2026 revenue and $1.26-$1.30 adjusted EPS as Q1 execution lifts outlook Leonardo DRS tops Q1 estimates; raises FY26 outlook