Advanced Micro Devices Inc., the leading challenger to Nvidia Corp. in AI computing chips, soared to a record in early trading after a flood of data center spending bolstered its sales forecast. Second-quarter revenue will be $11.2 billion, plus or minus $300 million, the company said in a statement Tuesday. That compares with an average analyst prediction of $10.5 billion, according to data compi...
Advanced Micro Devices Inc., the leading challenger to Nvidia Corp. in AI computing chips, soared to a record in early trading after a flood of data center spending bolstered its sales forecast. Second-quarter revenue will be $11.2 billion, plus or minus $300 million, the company said in a statement Tuesday. That compares with an average analyst prediction of $10.5 billion, according to data compiled by Bloomberg. Bloomberg's Kunjan Sobhani joins Bloomberg Intelligence to discuss. (Source: Bloomberg)
JHVEPhoto/iStock Editorial via Getty Images Job Done I remember reading an article on Advanced Micro Devices ( AMD ) here on Seeking Alpha sometime in 2017 that said, “This is your last chance to buy the stock under $12”, which struck me as both the usual hyperbole to which analysts are prone but also somehow meaningful. Anyway, I probably did buy the stock around then and I probably sold it a lit...
JHVEPhoto/iStock Editorial via Getty Images Job Done I remember reading an article on Advanced Micro Devices ( AMD ) here on Seeking Alpha sometime in 2017 that said, “This is your last chance to buy the stock under $12”, which struck me as both the usual hyperbole to which analysts are prone but also somehow meaningful. Anyway, I probably did buy the stock around then and I probably sold it a little later, and I have no doubt traded in and out a few times since. Which was an error. Because the correct strategy has been, believe in Lisa Su. AMD Long-Term Chart ( barchart.com ) Today AMD is no longer an also-ran, but one of a triumvirate of CPU providers selling into a hot cycle for CPU demand. As inference workloads grow faster than training workloads, CPU cycles are more in demand than GPU (both remain supply constrained, I should say), hence the explosion in stock prices for AMD, ARM ( ARM ) and Intel ( INTC ). AMD’s earnings reported this week were strong, guidance was solid and the stock responded very well. The rocket ride in the semiconductor sector continues, for now. Here are the numbers. Financial Fundamentals AMD Fundamentals (Company SEC Filings, Cestrian Analysis) A very strong quarter. Revenue growth accelerated to 38% (current quarter vs. same quarter last year) and 35% (TTM vs. TTM this time last year). Gross margins ticked up to a touch over 50%. Unlevered pretax free cash flow margins ticked up to 21% on a TTM basis. Net cash reached a record $9bn. The guide was for still stronger growth, which if hit would deliver Q2 revenue growth of 46% vs. Q2 2025 and Q2 TTM growth of 38% vs. the same point last year. Remarkable. Valuation You’ll have to pay for this level of performance of course, if you are thinking of buying the stock now. AMD Valuation Multiples (Company SEC Filings, Cestrian Analysis) 88x TTM unlevered pretax FCF is no joke, even if the revenue growth is accelerating that way. The challenge of course is that semiconductors have been on an a...
JHVEPhoto/iStock Editorial via Getty Images Job Done I remember reading an article on Advanced Micro Devices ( AMD ) here on Seeking Alpha sometime in 2017 that said, “This is your last chance to buy the stock under $12”, which struck me as both the usual hyperbole to which analysts are prone but also somehow meaningful. Anyway, I probably did buy the stock around then and I probably sold it a lit...
JHVEPhoto/iStock Editorial via Getty Images Job Done I remember reading an article on Advanced Micro Devices ( AMD ) here on Seeking Alpha sometime in 2017 that said, “This is your last chance to buy the stock under $12”, which struck me as both the usual hyperbole to which analysts are prone but also somehow meaningful. Anyway, I probably did buy the stock around then and I probably sold it a little later, and I have no doubt traded in and out a few times since. Which was an error. Because the correct strategy has been, believe in Lisa Su. AMD Long-Term Chart ( barchart.com ) Today AMD is no longer an also-ran, but one of a triumvirate of CPU providers selling into a hot cycle for CPU demand. As inference workloads grow faster than training workloads, CPU cycles are more in demand than GPU (both remain supply constrained, I should say), hence the explosion in stock prices for AMD, ARM ( ARM ) and Intel ( INTC ). AMD’s earnings reported this week were strong, guidance was solid and the stock responded very well. The rocket ride in the semiconductor sector continues, for now. Here are the numbers. Financial Fundamentals AMD Fundamentals (Company SEC Filings, Cestrian Analysis) A very strong quarter. Revenue growth accelerated to 38% (current quarter vs. same quarter last year) and 35% (TTM vs. TTM this time last year). Gross margins ticked up to a touch over 50%. Unlevered pretax free cash flow margins ticked up to 21% on a TTM basis. Net cash reached a record $9bn. The guide was for still stronger growth, which if hit would deliver Q2 revenue growth of 46% vs. Q2 2025 and Q2 TTM growth of 38% vs. the same point last year. Remarkable. Valuation You’ll have to pay for this level of performance of course, if you are thinking of buying the stock now. AMD Valuation Multiples (Company SEC Filings, Cestrian Analysis) 88x TTM unlevered pretax FCF is no joke, even if the revenue growth is accelerating that way. The challenge of course is that semiconductors have been on an a...
First National Bank Alaska press release ( FBAK ): GAAP EPS of $6.68. Net interest margin increased to 3.98% as of March 31, 2026, up from 3.63% from March 31, 2025. Shareholders’ equity was $576.4M as of March 31, 2026, compared to $535.1M as of March 31, 2025. Book value per share increased to $182.02, compared to $168.98 as of March 31, 2025. More on First National Bank Alaska Take An Alaskan D...
First National Bank Alaska press release ( FBAK ): GAAP EPS of $6.68. Net interest margin increased to 3.98% as of March 31, 2026, up from 3.63% from March 31, 2025. Shareholders’ equity was $576.4M as of March 31, 2026, compared to $535.1M as of March 31, 2025. Book value per share increased to $182.02, compared to $168.98 as of March 31, 2025. More on First National Bank Alaska Take An Alaskan Dividend Adventure: First National Bank Alaska Dividend scorecard for First National Bank Alaska Financial information for First National Bank Alaska
(RTTNews) - While reporting financial results for the first quarter on Thursday, Howmet Aerospace Inc. (HWM) provided its adjusted earnings and revenue guidance for the second quarter and raised its outlook for the full-year 2026.
(RTTNews) - While reporting financial results for the first quarter on Thursday, Howmet Aerospace Inc. (HWM) provided its adjusted earnings and revenue guidance for the second quarter and raised its outlook for the full-year 2026.
onurdongel/iStock via Getty Images AAON ( AAON ) reported first-quarter results that topped Wall Street expectations, sending shares up 42% in premarket trading Thursday, as surging demand for data center cooling systems powered record sales and earnings growth. The stock had risen about 1% over the past 12 months through Wednesday’s close. The designer and manufacturer of energy-efficient heating...
onurdongel/iStock via Getty Images AAON ( AAON ) reported first-quarter results that topped Wall Street expectations, sending shares up 42% in premarket trading Thursday, as surging demand for data center cooling systems powered record sales and earnings growth. The stock had risen about 1% over the past 12 months through Wednesday’s close. The designer and manufacturer of energy-efficient heating, ventilation and air conditioning equipment for commercial, industrial and data center applications, posted revenue of $496.9 million, well above the consensus estimate of $383.6 million. Adjusted earnings came in at $0.48 a share, beating expectations of $0.29, while GAAP earnings were also $0.48 per diluted share, ahead of the $0.28 estimate. Net income rose to $39.8 million, or $0.48 a share, from $29.3 million, or $0.35 a share, a year earlier. Record revenue growth fueled by BASX demand Growth was driven by strength across both of AAON ( AAON )’s core brands, particularly BASX, where sales jumped more than 70% year over year as demand for data center cooling equipment accelerated. BASX revenue alone rose to $228.6 million, reflecting higher production volumes and increased utilization of newly added capacity. Overall backlog more than doubled from a year earlier to $2.13 billion, giving the company strong visibility into future revenue. The surge was led by BASX, where backlog climbed sharply on continued hyperscale and enterprise data center demand. “First-quarter results demonstrate strong earnings growth driven by higher volume, improved execution, and continued share gains,” Chief Executive Matt Tobolski said in the announcement. Margins dip as capacity ramps, but outlook strengthens Despite the strong top-line performance, gross margin declined to 25.1% from 26.8% a year earlier, as AAON ( AAON ) absorbed costs tied to ramping new manufacturing capacity, outsourcing production to meet demand, and timing effects between pricing and input costs. Selling, general an...
Abu Hanifah/iStock via Getty Images Flex Ltd. ( FLEX ) just reported its FY26 numbers, which were received extremely well on the day, but I venture a guess it had nothing to do with the results, or at least not mostly because of the results. I wanted to go over the numbers and talk about the big development that was announced alongside the results that got investors excited. By the numbers Revenue...
Abu Hanifah/iStock via Getty Images Flex Ltd. ( FLEX ) just reported its FY26 numbers, which were received extremely well on the day, but I venture a guess it had nothing to do with the results, or at least not mostly because of the results. I wanted to go over the numbers and talk about the big development that was announced alongside the results that got investors excited. By the numbers Revenue came in at around $7.48B, up 17% y/y, which beat estimates by $500m. If we dig into the revenue breakdown a little deeper, we can gauge where the growth is coming from. All three revenue segments experienced growth; however, one segment in particular stood out, and that is the Cloud and Power Infrastructure, or CPI. While the other two segments grew 13% y/y, CPI grew 31%for the quarter, which means it is the primary driver of the top-line growth that beat estimates. For the full year, CPI grew 38%, while the other two performed quite poorly overall. FLEX investor slides The growth in the CPI segment was broad-based across the company’s internal businesses, but the management did mention that Power grew faster than Cloud. The management also highlighted that the robust demand came from recent program wins, which include hyperscalers such as Google ( GOOG ), helping the company’s backlog and capacity utilization. Cloud and Cooling grew at a respectable rate as well. FLEX investor slides Taking a look at the company’s profitability and efficiency, Q4 non-GAAP EPS came in at $0.93 per share, which beat estimates by 5 cents. As we saw above, FLEX’s adjusted operating margin improved by around 70 bps for the year, on the backs of stronger RMS and ITS segments. Management highlighted the fact that the company’s adjusted operating margins have been above 6% for the last six quarters straight. Better product mix and operational efficiencies, especially from the CPI segment, helped the company achieve these results. Let’s take a look at the company’s financial situation. FLEX finish...
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is on the path to becoming the world's most valuable publicly traded company. Enticing first-quarter results sparked a 10% gain by the stock, lifting its market cap to almost $4.8 trillion. Continuing momentum can allow it to claim the top spot from Nvidia, currently valued at just over $5 trillion. Google Cloud is the main catalyst for Alphabet's rise, but ...
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is on the path to becoming the world's most valuable publicly traded company. Enticing first-quarter results sparked a 10% gain by the stock, lifting its market cap to almost $4.8 trillion. Continuing momentum can allow it to claim the top spot from Nvidia, currently valued at just over $5 trillion. Google Cloud is the main catalyst for Alphabet's rise, but it's not its only tailwind. Image source: Getty Images. Continue reading
Goldman Cuts ARM To Sell On Shocking Smartphone Weakness Arm Holdings ADRs sank nearly 9% in premarket trading, on track for the largest intraday decline in almost a year, after the chip-architecture company reported softer-than-expected fiscal fourth-quarter royalty revenue tied to a slowdown in the smartphone industry, while assuring investors that data center demand can offset the slump. During...
Goldman Cuts ARM To Sell On Shocking Smartphone Weakness Arm Holdings ADRs sank nearly 9% in premarket trading, on track for the largest intraday decline in almost a year, after the chip-architecture company reported softer-than-expected fiscal fourth-quarter royalty revenue tied to a slowdown in the smartphone industry, while assuring investors that data center demand can offset the slump. During an earnings call, Wells Fargo analyst Joe Quatrochi asked Arm CEO Rene Haas: "Clearly, data centers are very strong and accelerating, but then how do you think about consumer electronics, smartphones, et cetera ?" Haas responded: So in terms of Q4, as we said before the quarter, we had a bit of a tough comp in that. We had a particularly strong ramp of maybe 400 [ph], a year ago, more so than what we expected this year. As a result, you saw a bit of a slowdown in royalty revenue. As indicated by our guidance, we're expecting that to get back to the kind of 20% range by Q1. So I would say within -- you know, the assumptions within our expectations are, we will probably continue to see unit growth, I think actually flip to negative for the mobile market in this last quarter. We're going to continue to see very flattish, maybe slightly negative numbers for the overall market. Haas' comments about the smartphone slowdown are key because Arm's smartphone exposure remains large, and mobile application processors accounted for about 46% of its total royalty revenue in 2025. Haas has made clear to analysts that the push into data centers and other markets will help offset Arm's high exposure to a softening smartphone market. Royalties, a closely watched metric for Arm, generated $671 million in fourth-quarter revenue, missing the Bloomberg Consensus estimate of $693.3 million. "We're seeing the acceleration of Arm being a significant player in the data center," Haas said in an interview, quoted by Bloomberg. As for the rest of fourth-quarter earnings, Arm beat on total revenue, ad...
(RTTNews) - Lee Enterprises, Inc. (LEE), an American media company, on Thursday reported a reduced net loss for the second quarter, with lower operating expenses cushioning the impact of declining revenue.
(RTTNews) - Lee Enterprises, Inc. (LEE), an American media company, on Thursday reported a reduced net loss for the second quarter, with lower operating expenses cushioning the impact of declining revenue.
Banco Bradesco press release ( BBD ): Q1 recurring net income increases 16.1% y/y, growing for nine consecutive quarters. Revenues surge 14.0% y/y and represent the main driver of improved profitability. More on Banco Bradesco Bradesco: Operational Efficiency Is Up, But Better Banking Alternatives Remain Banco Bradesco S.A. (BBD) Discusses Consolidation of Healthcare Operations and Creation of Int...
Banco Bradesco press release ( BBD ): Q1 recurring net income increases 16.1% y/y, growing for nine consecutive quarters. Revenues surge 14.0% y/y and represent the main driver of improved profitability. More on Banco Bradesco Bradesco: Operational Efficiency Is Up, But Better Banking Alternatives Remain Banco Bradesco S.A. (BBD) Discusses Consolidation of Healthcare Operations and Creation of Integrated Health Ecosystem - Slideshow Banco Bradesco S.A. (BBD) Discusses Consolidation of Healthcare Operations and Creation of Integrated Health Ecosystem Transcript Banco Bradesco Q1 2026 Earnings Preview Petrobras continues to lead iShares MSCI Brazil ETF top holdings with Strong Buy rating
Bolivia is returning to international capital markets for the first time in four years, as its new market-friendly government seizes on a tightening sovereign spread to raise fresh financing. The South American nation plans to sell benchmark-sized dollar notes maturing in five years, according to people familiar with the matter. Initial price talks are in the high 9% area, said the people, who ask...
Bolivia is returning to international capital markets for the first time in four years, as its new market-friendly government seizes on a tightening sovereign spread to raise fresh financing. The South American nation plans to sell benchmark-sized dollar notes maturing in five years, according to people familiar with the matter. Initial price talks are in the high 9% area, said the people, who asked not to be identified because the information isn’t public. Investors have warmed to the country’s sovereign notes as President Rodrigo Paz removes fuel subsidies and requests a $3.3 billion International Monetary Fund program in a series of economic reforms for the crisis-ridden nation. The government also made bond payments in March and pledged to meet future debt obligations, which led Moody’s Ratings to upgrade the country’s credit score by one notch and assign a positive outlook in March. Bolivia’s dollar notes were the best performers in emerging markets over the past year, handing investors a return of more than 62%, according to data compiled on a Bloomberg index. The rally has pushed the spread over similarly dated US Treasuries to 362 basis points from over 2,100 points just a year ago. The bonds due in 2030 edged higher on Thursday. Emerging-market sovereigns alone sold $151 billion in hard-currency debt through May 6, up 38% from the same period in 2025, according to data compiled by Bloomberg. Proceeds from the sale will be used for general budgetary purposes. Deutsche Bank and Santander are running the deal.