Earnings Call Insights: Cisco Systems, Inc. (CSCO) Q3 FY 2026 Management View "Q3 was a great quarter for Cisco with our momentum accelerating and revenue and earnings per share both growing double digits and coming in above the high end of our guidance ranges," said (Chairman & CEO Charles Robbins). "We delivered record revenue of $15.8 billion in Q3, up 12% year-over-year," and "total product or...
Earnings Call Insights: Cisco Systems, Inc. (CSCO) Q3 FY 2026 Management View "Q3 was a great quarter for Cisco with our momentum accelerating and revenue and earnings per share both growing double digits and coming in above the high end of our guidance ranges," said (Chairman & CEO Charles Robbins). "We delivered record revenue of $15.8 billion in Q3, up 12% year-over-year," and "total product orders grew 35% year-over-year," said (Chairman & CEO Robbins), adding, "AI infrastructure orders taken from hyperscalers totaled $1.9 billion in Q3." "Given the strong demand, we now expect to take AI infrastructure orders of approximately $9 billion from hyperscalers in FY '26," and "We expect to recognize approximately $4 billion in AI infrastructure revenue from hyperscalers in fiscal year '26," said (Chairman & CEO Robbins). "To ensure we are capturing the significant opportunities in silicon, optics, security and AI, we announced a restructuring plan today to reallocate resources and allow us to invest in these key growth areas," said (Chairman & CEO Robbins). "Total revenue for the quarter was a record at $15.8 billion, up 12% year-over-year," and "non-GAAP earnings per share was $1.06," said (Executive VP & CFO Mark Patterson). Outlook "For fiscal Q4, our guidance is as follows: we expect revenue to be in the range of $16.7 billion to $16.9 billion" and "Non-GAAP earnings per share is expected to be in the range from $1.16 to $1.18," said (Executive VP & CFO Patterson), adding, "our Q4 and fiscal year FY '26 guide assumes current tariffs and exemptions remain in place through the end of our fiscal 2026." "Cisco is positioned for its strongest year ever as indicated in our guidance for fiscal year '26," said (Executive VP & CFO Patterson), guiding "revenue to be in the range of $62.8 billion to $63 billion" and "Non-GAAP earnings per share is expected to range from $4.27 to $4.29." Compared with the prior quarter’s full-year outlook, management raised FY '26 revenue to...
peshkov/iStock via Getty Images The following segment was excerpted from the Alger Mid Cap 40 ETF ( AMCX ) Q1 2026 Commentary. The Alger Mid Cap 40 ETF underperformed the Russell Midcap Growth Index during the first quarter of 2026. Comfort Systems USA, Inc. ( FIX ), FTAI Aviation Ltd. (FT AI ), and Vertiv Holdings ( VRT ) were among the top contributors to performance. Comfort Systems USA is a le...
peshkov/iStock via Getty Images The following segment was excerpted from the Alger Mid Cap 40 ETF ( AMCX ) Q1 2026 Commentary. The Alger Mid Cap 40 ETF underperformed the Russell Midcap Growth Index during the first quarter of 2026. Comfort Systems USA, Inc. ( FIX ), FTAI Aviation Ltd. (FT AI ), and Vertiv Holdings ( VRT ) were among the top contributors to performance. Comfort Systems USA is a leading national mechanical and electrical contractor that installs, maintains, and services HVAC, plumbing, piping, and electrical systems for commercial, industrial, and institutional buildings. The company has emerged as a critical infrastructure partner in the data center buildout, where its specialized mechanical and electrical capabilities are in high demand as hyperscalers expand capacity at an accelerating pace. During the quarter, shares contributed positively to performance after the company delivered better-than-expected fiscal fourth-quarter results, highlighted by strong revenue growth, record margins, and a backlog that nearly doubled year over year. Additionally, technology-related projects, primarily data center construction, now represent a substantially larger share of the revenue mix. FTAI Aviation is a global aviation company specializing in the acquisition, leasing, and sales of aircraft and aircraft engines, particularly focusing on CFM56 and V2500 engines. The company operates through two main segments: Aviation Leasing, which manages and leases aviation assets generating rental income, and Aerospace Products, which develops, manufactures, repairs, and sells aircraft engines and aftermarket components. FTAI primarily earns revenue from leasing fees, equipment sales, and maintenance services. We believe FTAI has established a differentiated business model that maximizes profits from a highly attractive niche within the aerospace aftermarket—used CFM56 jet engines, which dominate short- to medium-haul flights globally. During the quarter, shares contribut...
peshkov/iStock via Getty Images The following segment was excerpted from the Alger Mid Cap 40 ETF ( AMCX ) Q1 2026 Commentary. The Alger Mid Cap 40 ETF underperformed the Russell Midcap Growth Index during the first quarter of 2026. Comfort Systems USA, Inc. ( FIX ), FTAI Aviation Ltd. (FT AI ), and Vertiv Holdings ( VRT ) were among the top contributors to performance. Comfort Systems USA is a le...
peshkov/iStock via Getty Images The following segment was excerpted from the Alger Mid Cap 40 ETF ( AMCX ) Q1 2026 Commentary. The Alger Mid Cap 40 ETF underperformed the Russell Midcap Growth Index during the first quarter of 2026. Comfort Systems USA, Inc. ( FIX ), FTAI Aviation Ltd. (FT AI ), and Vertiv Holdings ( VRT ) were among the top contributors to performance. Comfort Systems USA is a leading national mechanical and electrical contractor that installs, maintains, and services HVAC, plumbing, piping, and electrical systems for commercial, industrial, and institutional buildings. The company has emerged as a critical infrastructure partner in the data center buildout, where its specialized mechanical and electrical capabilities are in high demand as hyperscalers expand capacity at an accelerating pace. During the quarter, shares contributed positively to performance after the company delivered better-than-expected fiscal fourth-quarter results, highlighted by strong revenue growth, record margins, and a backlog that nearly doubled year over year. Additionally, technology-related projects, primarily data center construction, now represent a substantially larger share of the revenue mix. FTAI Aviation is a global aviation company specializing in the acquisition, leasing, and sales of aircraft and aircraft engines, particularly focusing on CFM56 and V2500 engines. The company operates through two main segments: Aviation Leasing, which manages and leases aviation assets generating rental income, and Aerospace Products, which develops, manufactures, repairs, and sells aircraft engines and aftermarket components. FTAI primarily earns revenue from leasing fees, equipment sales, and maintenance services. We believe FTAI has established a differentiated business model that maximizes profits from a highly attractive niche within the aerospace aftermarket—used CFM56 jet engines, which dominate short- to medium-haul flights globally. During the quarter, shares contribut...
SK Hynix is on the verge of topping a $1 trillion market value, just weeks after Samsung Electronics crossed the milestone, as strong demand for artificial intelligence places South Korea at the heart of Asia's AI boom. SK Hynix shares have risen more than 200% this year, after rising an eye-watering 274% in 2025, driven by AI-related demand for both conventional memory chips and high-bandwidth...
SK Hynix is on the verge of topping a $1 trillion market value, just weeks after Samsung Electronics crossed the milestone, as strong demand for artificial intelligence places South Korea at the heart of Asia's AI boom. SK Hynix shares have risen more than 200% this year, after rising an eye-watering 274% in 2025, driven by AI-related demand for both conventional memory chips and high-bandwidth memory (HBM) chips used in AI servers. If SK Hynix joins Samsung above the trillion-dollar threshold, South Korea would become the first country outside the United States to have more than one trillion-dollar company.
US President Donald Trump (L) and China's President Xi Jinping stand for their counties' national anthems during a welcome ceremony at the Great Hall of the People in Beijing on May 14, 2026. Brendan Smialowski | Afp | Getty Images BEIJING — U.S. President Donald Trump met his Chinese counterpart Xi Jinping in Beijing on Thursday morning for a high-stakes summit that runs through Friday. The relat...
US President Donald Trump (L) and China's President Xi Jinping stand for their counties' national anthems during a welcome ceremony at the Great Hall of the People in Beijing on May 14, 2026. Brendan Smialowski | Afp | Getty Images BEIJING — U.S. President Donald Trump met his Chinese counterpart Xi Jinping in Beijing on Thursday morning for a high-stakes summit that runs through Friday. The relationship between the two countries is going to be "better than ever before," Trump told Xi in his opening remarks, according to official broadcast footage. Trump said the two leaders have known each other personally for longer than any other U.S. or Chinese president. Speaking just ahead of Trump, Xi noted the global attention on the meeting, and said a major question for the two countries was whether they could avoid the " Thucydides Trap ," a reference to how tensions historically between a rising and ruling power have often resulted in war. The two presidents are set to have multiple discussions through midday Friday. Iran, Taiwan and artificial intelligence are among the many topics the two sides are expected to discuss, on top of tariffs and rare earths. The last time a sitting U.S. president visited China was in 2017. On Thursday, Xi walked down the stairs of the Great Hall of the People in Beijing to shake hands with Trump, according to official broadcast footage. The U.S. president first shook hands with Chinese officials, followed by Xi greeting the U.S. delegation. China's top diplomat, Wang Yi and Zheng Shanjie, head of the economic planning agency, were among the Chinese representatives, the footage showed. The U.S. contingent included Secretary of State Marco Rubio as well as business executives such as Tesla's Elon Musk, Apple's Tim Cook and Nvidia's Jensen Huang. Read more Trump-Xi meeting coverage Five things to watch in Asia as Trump prepares to meet China's Xi this week For Chinese exporters, Iran worries eclipse tariff woes as Trump, Xi prepare to meet Tru...
Market Snapshot USD/INR ₹95.71 +0.1% Nifty 50 Index 23,412.60 +0.1% India 10-Year Bond Yield 7.05% +0.01 Spot Gold ($/oz) $4,691.05 +0.0% S&P 500 Futures 7,483.25 +0.2% Market data as of 08:14 AM IST, May. 14, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Ashutosh Joshi in Mumbai, and as the world pores over the meeting of presidents Xi and...
Market Snapshot USD/INR ₹95.71 +0.1% Nifty 50 Index 23,412.60 +0.1% India 10-Year Bond Yield 7.05% +0.01 Spot Gold ($/oz) $4,691.05 +0.0% S&P 500 Futures 7,483.25 +0.2% Market data as of 08:14 AM IST, May. 14, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Ashutosh Joshi in Mumbai, and as the world pores over the meeting of presidents Xi and Trump, here’s what’s guiding Indian markets today. The Nifty eked out a modest gain on Wednesday, its first in five sessions, but pessimism still hangs over India’s stock market. And for good reason: oil remains above $105 a barrel, global funds continue to pull money out, and the rupee keeps sliding to record lows. The currency has weakened for four straight sessions even after the government raised import duties on gold and silver to ease pressure, prompting questions over whether more policy action is likely. Last night, the government banned sugar exports through September. Among the few bright spots, metals and defense stocks continue to draw buying interest as investors rotate into sectors seen as better placed to weather the macro turbulence. Earnings from JSW Steel and Hindustan Aeronautics later today may offer clues on whether that resilience has further room to run. Regionally, a benchmark of Asian shares is up modestly this morning. Investors aren’t holding their breath in the hope the Xi-Trump meeting will help end the war in Iran, but they are hopeful that relations will be maintained and there may be some incremental trade deals agreed on. In today’s newsletter, we write about: IT stocks as an El Nino hedge The underperformance of hotel shares Strong domestic drug sales But first, let’s look at a rotation playing out in India’s stock market. Markets Buzz: Metals Take the Lead The Nifty Metals Index closed at a record on Wednesday, taking its gains in 2026 to about 20% — a standout in an otherwise weak market. Elevated global commodity prices and supply disru...
Earnings Call Insights: Precigen (PGEN) Q1 2026 Management View "The accelerating trajectory we are seeing in revenue growth is robust." (President, CEO & Director Helen Sabzevari) "PAPZIMEOS' net product revenue for Q1 2026, the first full quarter of availability was $21.6 million as compared to $3.4 million in Q4 2025." (President, CEO & Director Sabzevari) "As of today, we have approximately 40...
Earnings Call Insights: Precigen (PGEN) Q1 2026 Management View "The accelerating trajectory we are seeing in revenue growth is robust." (President, CEO & Director Helen Sabzevari) "PAPZIMEOS' net product revenue for Q1 2026, the first full quarter of availability was $21.6 million as compared to $3.4 million in Q4 2025." (President, CEO & Director Sabzevari) "As of today, we have approximately 400 patients registered, of which 25% are in the community setting" and "Total lives covered through commercial Medicare and Medicaid stands at an estimated 297 million." (Chief Commercial Officer Phil Tennant) "All inclusive, this equates to more than 90% of insured lives covered in the U.S." (Chief Commercial Officer Tennant) "Total revenue was $23.3 million" and "our operating loss for the quarter was only $6 million." (Chief Financial Officer Harry Thomasian) "Our net loss for the quarter was $7.9 million or $0.02 per basic and diluted share." (Chief Financial Officer Thomasian) "We intend on initiating a pediatric trial in PAPZIMEOS in Q4 of this year" and "our marketing authorization application continues under the review path by EMA for PAPZIMEOS." (President, CEO & Director Sabzevari) "We plan to provide updates on the [PRGN-2009] program later in the year." (President, CEO & Director Sabzevari) Outlook "We continue to reiterate that based on our current financial forecast, our cash, cash equivalents and investments, along with the collection of PAPZIMEOS receivables will fund operations through cash flow breakeven by the end of 2026, and we currently do not see a need to access capital markets for additional funding." (Chief Financial Officer Thomasian) "We are not, at this moment, providing the guidance" and "I think we are looking forward definitely to our Q2 and the results that we will be sharing as far as revenue is concerned." (President, CEO & Director Sabzevari) "I look forward to sharing those Q2 results in August." (Chief Commercial Officer Tennant) Compare...
Ouster Inc. (NASDAQ:OUST) is one of the 10 Stocks With Easy Double-Digit Gains. Ouster extended its winning streak to a fourth consecutive day on Wednesday, climbing 26.09 percent to close at $34.17 apiece, as investors cheered the qualification of its Rev8 OS digital lidar sensor family on Nvidia Corp.’s open-reference platform for autonomous vehicles. In […]
Ouster Inc. (NASDAQ:OUST) is one of the 10 Stocks With Easy Double-Digit Gains. Ouster extended its winning streak to a fourth consecutive day on Wednesday, climbing 26.09 percent to close at $34.17 apiece, as investors cheered the qualification of its Rev8 OS digital lidar sensor family on Nvidia Corp.’s open-reference platform for autonomous vehicles. In […]