Earnings Call Insights: Akamai Technologies (AKAM) Q1 2026 Management View "Today, we're very excited to announce another major milestone for our cloud computing strategy and the evolution of Akamai. The signing of a landmark 7-year $1.8 billion commitment for our cloud infrastructure services by a leading frontier model company." (Co-Founder, CEO, President & Director F. Leighton) "At GTC in Marc...
Earnings Call Insights: Akamai Technologies (AKAM) Q1 2026 Management View "Today, we're very excited to announce another major milestone for our cloud computing strategy and the evolution of Akamai. The signing of a landmark 7-year $1.8 billion commitment for our cloud infrastructure services by a leading frontier model company." (Co-Founder, CEO, President & Director F. Leighton) "At GTC in March, we unveiled the industry's first global scale implementation of NVIDIA's AI grid, and we announced the rollout of thousands of NVIDIA RTX Pro 6000 GPUs." (CEO Leighton) "To fully capitalize on this momentum and support the accelerated growth we anticipate, we will be investing slightly ahead of revenue, you will see this reflected in the updated capital expenditure and operating margin outlook I will discuss during the guidance portion of my remarks." (Executive VP, CFO & Treasurer Ed McGowan) "We delivered strong first quarter results with total revenue of $1.074 billion, which was up 6% year-over-year as reported and 4% in constant currency." (CFO McGowan) "Cloud Infrastructure Services or CIS revenue got off to a robust start to the year with revenue of $95 million, up 40% year-over-year as reported and 39% in constant currency." (CFO McGowan) "We also maintained very strong momentum in security with revenue of $590 million, up 11% year-over-year as reported and 9% in constant currency." (CFO McGowan) Outlook "For the second quarter, we are projecting revenue in the range of $1.075 billion to $1.1 billion." (CFO McGowan) "We expect Q2 non-GAAP EPS in the range of $1.45 to $1.65." (CFO McGowan) "For full year 2026, we expect non-GAAP earnings per diluted share in the range of $6.40 to $7.15." (CFO McGowan) "We expect revenue of $4.445 billion to $4.55 billion." (CFO McGowan) "For cloud infrastructure services, we are raising our outlook to at least 50% year-over-year growth in constant currency." (CFO McGowan) "Also, driven by today's announced $1.8 billion win, the $2...
Earnings Call Insights: Ormat Technologies (ORA) Q1 2026 Management View "We began 2026 with a record first quarter revenue, delivering 75.8% year-over-year growth alongside strong expansion in operating income and adjusted EBITDA," said CEO Doron Blachar, adding that results reflected "particularly strong contribution from our Energy Storage and Product segments." Blachar framed Energy Storage as...
Earnings Call Insights: Ormat Technologies (ORA) Q1 2026 Management View "We began 2026 with a record first quarter revenue, delivering 75.8% year-over-year growth alongside strong expansion in operating income and adjusted EBITDA," said CEO Doron Blachar, adding that results reflected "particularly strong contribution from our Energy Storage and Product segments." Blachar framed Energy Storage as central to growth, saying, "Our Energy Storage segment continues to emerge as a key growth engine with revenues increasing 153% year-over-year, driven by both capacity expansion and our ability to capture favorable merchant pricing," and added the company is "optimizing the balance between contracted revenues and merchant exposure to maximize return." Blachar highlighted portfolio moves and contracting, saying the quarter included "the COD of our Shirk Energy Storage facility," "the acquisition of the Hoku hybrid solar plus storage facility in Hawaii" and "the signing of the PPA for Jersey Valley" (a "67-megawatt solar paired with a 67-megawatt 268-megawatt hour storage facility") targeted for "late 2027 or early 2028." He also said Ormat "signed PPAs for approximately 200 megawatts at favorable pricing, including agreements with Google and Switch and two blend and extend contracts." CFO Assaf Ginzburg reported, "First quarter revenue was $403.9 million," "first quarter net income attributable to the company's stockholders was $44.1 million or $0.71 per diluted share," and "adjusted EBITDA for the first quarter was $194.9 million." He also cited "approximately $38 million of onetime pretax expenses" and noted they were partially offset by a "$9.6 million gain" tied to the Hoku purchase transaction. On financing and shareholder returns, Blachar said Ormat "completed a $1 billion upsized convertible note offering" to support growth, while Ginzburg said the Board declared "a quarterly dividend of $0.12 per share payable on June 3, 2026" and the company "expects to pay a quart...
Earnings Call Insights: Maximus (MMS) Q2 2026 Management View "Maximus reported revenue of $1.31 billion, consistent with our expectations and on track with our full year guidance." (CFO & Treasurer David Mutryn) "Adjusted EBITDA margin was 14.4% and adjusted EPS was $2.07 for the quarter" and management tied the margin expansion to "efficiencies enabled by automation, including AI tools." (CFO & ...
Earnings Call Insights: Maximus (MMS) Q2 2026 Management View "Maximus reported revenue of $1.31 billion, consistent with our expectations and on track with our full year guidance." (CFO & Treasurer David Mutryn) "Adjusted EBITDA margin was 14.4% and adjusted EPS was $2.07 for the quarter" and management tied the margin expansion to "efficiencies enabled by automation, including AI tools." (CFO & Treasurer David Mutryn) "We recorded an asset impairment" of "$6.9 million" ("$0.09 per share") in U.S. Services, while a discrete "Research & Development tax benefit totaling $4.2 million" ("approximately $0.08 per share") "effectively net out of adjusted EPS." (CFO & Treasurer David Mutryn) "During the second quarter, we repurchased approximately 1.4 million shares totaling $111 million" and said the Board approved "further share repurchases up to an aggregate of $400 million effective May 11." (CFO & Treasurer David Mutryn) "Our second consecutive earnings guidance increase reflects that progress and suggests that we are slightly ahead of the technology leverage goals we set at the beginning of the year." (President, CEO & Director Bruce L. Caswell) Outlook "We expect that fiscal year 2026 revenue will range between $5.2 billion and $5.35 billion" and "free cash flow is expected to range between $450 million and $500 million." (CFO & Treasurer Mutryn) "Our adjusted EPS guidance increases by $0.20 and is now expected to range between $8.25 and $8.55 per share" and "our full year adjusted EBITDA margin guidance for fiscal year 2026 is now approximately 14.2%." (CFO & Treasurer Mutryn) "We are raising our near-term adjusted EBITDA margin target range to 12% to 15%" and said the company "expect[s] to operate towards the upper end of that range in periods with stable volumes and continued technology leverage." (CFO & Treasurer Mutryn) Financial Results Segment profitability commentary centered on U.S. Federal Services: "The operating income margin for this segment in the seco...
Earnings Call Insights: Proficient Auto Logistics (PAL) Q1 2026 Management View "As we announced in early March, the first 2 months of the quarter were affected by extended automotive plant shutdowns, weaker-than-expected industry SAAR, severe winter weather and a slow recovery of the rail and sea transportation pipelines that feed our network." (Chairman & CEO Richard O'Dell) "Meaningfully higher...
Earnings Call Insights: Proficient Auto Logistics (PAL) Q1 2026 Management View "As we announced in early March, the first 2 months of the quarter were affected by extended automotive plant shutdowns, weaker-than-expected industry SAAR, severe winter weather and a slow recovery of the rail and sea transportation pipelines that feed our network." (Chairman & CEO Richard O'Dell) "Meaningfully higher diesel fuel prices and the timing lag to associated higher fuel surcharge recoveries created a material unplanned cost and margin headwind in the month of March versus our expectations." (Chairman & CEO O'Dell) "The rebound in volumes in March and April made capacity tightening more evident, exposing underlying supply loss that had previously been less visible." (Chairman & CEO O'Dell) "So this is clearly a turning point in the auto haul market." (Chairman & CEO O'Dell) "The company has a strong balance sheet position. We will advance our strategic objectives for continued margin expansion, market share gains and acquisitions." (Chairman & CEO O'Dell) "Total operating revenue for the first quarter of 2026 of $93.7 million was a decrease of 1.6% versus Q1 of 2025." (CFO & Secretary Bradley Wright) "Total units delivered during the first quarter totaled 501,850, which was an increase of 1.5% compared to the same quarter of 2025." (CFO Wright) "Spot in the first quarter was less than 5% of the portfolio across new car traffic and secondary market." (President & COO Amy Rice) Outlook "Regarding the second quarter of 2026, we are now forecasting total operating revenue between $105 million and $110 million." (CFO Wright) "Adjusted operating ratio is expected to be similar to last year's second quarter despite a lower revenue base." (CFO Wright) "Adjusted EBITDA margin for Q2 of this year should be similar to last year's reported results between 8% and 10%." (CFO Wright) "Given the year-over-year softness in market conditions and available capacity within our existing fleet, we ...
(RTTNews) - Oversea-Chinese Banking Corporation (O39.SI, OCBC.SI) reported net profit of S$1.97 billion for the first quarter of 2026, 5% above S$1.88 billion, a year ago, underpinned by record non-interest income. Group EPS was S$1.76 compared to S$1.68.
(RTTNews) - Oversea-Chinese Banking Corporation (O39.SI, OCBC.SI) reported net profit of S$1.97 billion for the first quarter of 2026, 5% above S$1.88 billion, a year ago, underpinned by record non-interest income. Group EPS was S$1.76 compared to S$1.68.
Robert Way/iStock Editorial via Getty Images Nvidia ( NVDA ) is set to report its first quarter earnings in a couple of weeks (May 20, 2026). As seen below, there has been a consistent trend of a beat and a drop in its last three earnings. If you juxtapose it against the earnings surprise, an interesting trend emerges and not without reason. Nvidia's beat and drop (Tunga Capital) The market has be...
Robert Way/iStock Editorial via Getty Images Nvidia ( NVDA ) is set to report its first quarter earnings in a couple of weeks (May 20, 2026). As seen below, there has been a consistent trend of a beat and a drop in its last three earnings. If you juxtapose it against the earnings surprise, an interesting trend emerges and not without reason. Nvidia's beat and drop (Tunga Capital) The market has become very used to tech companies reporting sandbagged guidance and then following it with an earnings beat. In the case of Nvidia, if you expand the reaction to five more quarters, it seems the market expects at least a 6% earnings surprise. Nvidia Earnings Surprise Trends (Seeking Alpha) Nvidia earnings surprise vs market reaction (Tunga Capital) While the AI trade has been euphoric in the last couple of months, Nvidia has largely tracked the market. So I think the market response would be tepid if a less than 6% surprise is followed by guidance along expected lines. Data by YCharts I also think the company is a victim of its own success. The stock has moved from ~$15 at the beginning of 2023 to over $200 in November last year. Revenue similarly jumped from $26.9 billion at the end of FY23 to $215.9 billion at the end of FY26. The market has rightly rewarded Nvidia and I’d say even added a little more. An investor looking to accumulate at these levels needs an answer to one key question. Given the scale of revenue Nvidia has achieved at a 70%+ gross margin, can it hit long-term growth rates required to justify a 25+ earnings multiple? The Capex-to-Revenue Transition for AI Applications With over 50% of datacenter revenue tied to just five customers, Nvidia’s topline is tied to AI capex rather than the downstream revenue captured by AI applications. That is in the short- to medium term. But what about the long-term value capture? Historically, the application layer has captured most of the value as the market matures. I think that kind of internet era value capture by softw...
Robert Way/iStock Editorial via Getty Images Nvidia ( NVDA ) is set to report its first quarter earnings in a couple of weeks (May 20, 2026). As seen below, there has been a consistent trend of a beat and a drop in its last three earnings. If you juxtapose it against the earnings surprise, an interesting trend emerges and not without reason. Nvidia's beat and drop (Tunga Capital) The market has be...
Robert Way/iStock Editorial via Getty Images Nvidia ( NVDA ) is set to report its first quarter earnings in a couple of weeks (May 20, 2026). As seen below, there has been a consistent trend of a beat and a drop in its last three earnings. If you juxtapose it against the earnings surprise, an interesting trend emerges and not without reason. Nvidia's beat and drop (Tunga Capital) The market has become very used to tech companies reporting sandbagged guidance and then following it with an earnings beat. In the case of Nvidia, if you expand the reaction to five more quarters, it seems the market expects at least a 6% earnings surprise. Nvidia Earnings Surprise Trends (Seeking Alpha) Nvidia earnings surprise vs market reaction (Tunga Capital) While the AI trade has been euphoric in the last couple of months, Nvidia has largely tracked the market. So I think the market response would be tepid if a less than 6% surprise is followed by guidance along expected lines. Data by YCharts I also think the company is a victim of its own success. The stock has moved from ~$15 at the beginning of 2023 to over $200 in November last year. Revenue similarly jumped from $26.9 billion at the end of FY23 to $215.9 billion at the end of FY26. The market has rightly rewarded Nvidia and I’d say even added a little more. An investor looking to accumulate at these levels needs an answer to one key question. Given the scale of revenue Nvidia has achieved at a 70%+ gross margin, can it hit long-term growth rates required to justify a 25+ earnings multiple? The Capex-to-Revenue Transition for AI Applications With over 50% of datacenter revenue tied to just five customers, Nvidia’s topline is tied to AI capex rather than the downstream revenue captured by AI applications. That is in the short- to medium term. But what about the long-term value capture? Historically, the application layer has captured most of the value as the market matures. I think that kind of internet era value capture by softw...
Hillhouse Investment is nearing a deal to buy Marsh ’s financial risk manager and life insurance broker for high-net-worth individuals, primarily in Asia, according to people familiar with the matter. The firms are working out an agreement that may get announced as soon as Friday, the people said, asking not to be identified because the information is private. Hillhouse emerged as the likeliest bu...
Hillhouse Investment is nearing a deal to buy Marsh ’s financial risk manager and life insurance broker for high-net-worth individuals, primarily in Asia, according to people familiar with the matter. The firms are working out an agreement that may get announced as soon as Friday, the people said, asking not to be identified because the information is private. Hillhouse emerged as the likeliest buyer of Public Client Services, which is under Marsh’s Mercer subsidiary, after outbidding other private equity firms, the people said. A representative for Hillhouse declined to comment, while Marsh didn’t respond to a request for comment outside of business hours. People familiar with the matter said in February that Marsh, formerly Marsh & McLennan Cos., was working with an adviser on a possible disposal of PCS to streamline its global portfolio of assets, and that a transaction could value the unit at several hundred million dollars. PCS provides financial risk management and life insurance services to more than 8,000 clients in about 50 markets, with offices in Singapore, Hong Kong, Shanghai, Geneva and Zurich, according to its website . In another recent deal in the sector, Apollo Global Management Inc. completed a strategic minority equity investment in Charles Monat Associates last month.