Kenneth Cheung/iStock Unreleased via Getty Images DoorDash ( DASH ) has had a large fall from grace. With the incremental EBITDA margin having contracted materially in the past couple of quarters and investors having had to stomach investments in a large acquisition, there's been clear rationale for the multiple compression on the name. With that being said, I believe estimates have been reset, an...
Kenneth Cheung/iStock Unreleased via Getty Images DoorDash ( DASH ) has had a large fall from grace. With the incremental EBITDA margin having contracted materially in the past couple of quarters and investors having had to stomach investments in a large acquisition, there's been clear rationale for the multiple compression on the name. With that being said, I believe estimates have been reset, and current guidance looks conservative enough ahead of the Q1 report this week as to where the stock looks set up to beat and offer supportive Q2 guidance for shares. Business Profile DoorDash doesn't need much introduction, but there are a few things about the operating profile of the company that are worth revisiting. The company has three primary platforms - DoorDash, Wolt, and Deliveroo. DoorDash primarily operates in the United States, but the combined platforms operate in over 40 countries worldwide . The company offers premium subscription options for users to save on fees and increase speed of delivery. These are DashPass, Wolt+, and Deliveroo Plus. This helps to lower transactional friction for consumers. The company also offers advertising capabilities to restaurants, convenience, and retail stores on the platform to rank higher from an SEO standpoint such that conversion can be higher. This is a rapidly growing portion of the company's operations that is at an attractive margin. The company closed on its major acquisition of Deliveroo, a UK-based delivery company, in October. The company had initially announced the acquisition in May for an enterprise value of 2.4 billion GBP. This materially expands the DoorDash footprint into the UK market, which has historically been challenging to penetrate. The company faces competition from other merchants and has competition at the labor level with its Dashers. Merchants include large platforms like Uber Eats but also any restaurant, convenience, or retail store that offers delivery and is going outside of the DoorDash ecos...
Earnings Call Insights: American Coastal Insurance Corporation (ACIC) Q1 2026 Management View “During the first quarter of 2026, American Coastal continued to be patient and disciplined in navigating a rapidly softening commercial property insurance market,” said President & CEO Bennett Bradford Martz, adding that “most of our risk portfolio continues to produce exceptional results, evidenced by o...
Earnings Call Insights: American Coastal Insurance Corporation (ACIC) Q1 2026 Management View “During the first quarter of 2026, American Coastal continued to be patient and disciplined in navigating a rapidly softening commercial property insurance market,” said President & CEO Bennett Bradford Martz, adding that “most of our risk portfolio continues to produce exceptional results, evidenced by our fantastic loss and combined ratios.” Martz said rate pressure is affecting reported premium trends while pointing to in-force indicators: “Average account rate decreases are distorting comparability with gross premiums,” but “our policy count and exposure base actually increased at the end of the current quarter versus the same period a year ago.” On reinsurance, Martz said, “our June 1st, 2026, core catastrophe reinsurance program is effectively complete,” highlighting “risk-adjusted reinsurance cost decreases,” an “exhaustion point up to over $1.6 billion,” movement of “our lower layers to an all-perils basis,” and “more aggregate protection against frequency and severity.” “American Coastal demonstrated another strong quarter with net income of $19.3 million,” said Chief Financial Officer Svetlana Castle, adding, “our combined ratio was 66%, an increase of 1 point from 2025 and in line with our previously stated target.” Castle said capital returned via the previously declared dividend drove a quarter-end balance sheet shift: “Cash and investments decreased 7.5% from year-end to $599.4 million, driven by the payment of our previously declared special dividend of $0.75 per share of $36.6 million.” Outlook Martz said guidance was not being updated yet amid reinsurance retention decisions: “I would prefer to defer that question until we finalized our ultimate retention decisions,” and “we can still suggest and refer you to the full year guidance that remains unchanged at this time.” He flagged potential for revision later in the year: “After the second quarter, it is pos...
Earnings Call Insights: Veeco Instruments (VECO) Q1 2026 Management View "Veeco executed well in the first quarter and believe we're strategically positioned to benefit from the evolving semiconductor landscape, driven by artificial intelligence and high-performance computing," said CEO William Miller, adding that Q1 results were "all within our guidance ranges" with revenue $158M, non-GAAP operat...
Earnings Call Insights: Veeco Instruments (VECO) Q1 2026 Management View "Veeco executed well in the first quarter and believe we're strategically positioned to benefit from the evolving semiconductor landscape, driven by artificial intelligence and high-performance computing," said CEO William Miller, adding that Q1 results were "all within our guidance ranges" with revenue $158M, non-GAAP operating income $9M, and non-GAAP diluted EPS $0.14. Miller highlighted order momentum and longer visibility: "Order activity that accelerated in the second half of 2025 continued into the first quarter of 2026," and "we've increased visibility with significant orders for delivery well into 2027." On silicon photonics/indium phosphide lasers, Miller said "a stronger-than-expected opportunity has emerged" and described it as "a growth opportunity of approximately $2 billion over the next several years." He also disclosed, "we received over $250 million in orders from multiple customers for our MOCVD, wet processing and Ion Beam Deposition tools... with delivery starting in 2026 and significantly accelerating in 2027." On the pending Axcelis transaction, Miller said, "all regulatory approvals have been received other than antitrust approval in China," and "continue to expect the transaction to close in the second half of 2026." CFO John Kiernan said, "Revenue came in at $158 million, slightly below the midpoint of our guidance and previous quarter," and reported Q1 non-GAAP gross margin of 36%, OpEx of $49M, and diluted EPS of $0.14. Outlook Kiernan guided Q2 revenue to "between $170 million and $190 million" and diluted non-GAAP EPS to "between $0.20 and $0.32," with gross margin "between 38% and 40%" and OpEx "between $52 million and $55 million." Kiernan said, "we're reiterating our full year 2026 revenue guidance between $740 million and $800 million" and "reiterating our diluted non-GAAP EPS between $1.50 and $1.85," while expecting "growth accelerating in the second half of ...
Earnings Call Insights: Myriad Genetics (MYGN) Q1 2026 Management View "We reported revenue in the first quarter of just over $200 million, coming within our Q1 revenue guidance range" (President, CEO & Director Samraat Raha). "We delivered 385,000 test results in the first quarter" and hereditary cancer testing grew "10% and 16%" year-over-year in affected and unaffected populations, respectively...
Earnings Call Insights: Myriad Genetics (MYGN) Q1 2026 Management View "We reported revenue in the first quarter of just over $200 million, coming within our Q1 revenue guidance range" (President, CEO & Director Samraat Raha). "We delivered 385,000 test results in the first quarter" and hereditary cancer testing grew "10% and 16%" year-over-year in affected and unaffected populations, respectively (President, CEO & Director Raha). "We are reaffirming our 2026 financial guidance" and management said it is expecting "sequential revenue growth in the low single digits in the second quarter and accelerating through the remaining quarters" as the expanded commercial team contributes (President, CEO & Director Raha). "The big news in Q1 was March launch of Precise MRD for breast cancer patients for a select set of customers" (President, CEO & Director Raha). He added, "we're moving up the launch of Precise MRD for colorectal cancer and renal to a select set of customers into Q3" (President, CEO & Director Raha). "We're investing $35 million over the next several years to strengthen our commercial capabilities" and "expanded our sales team by over 100 account executives compared to last year" (Chief Commercial Officer Brian Donnelly). "For the first quarter, we reported revenue of $200.4 million" and "we generated gross margins of 68.7%" (CFO & Principal Accounting Officer Ben Wheeler). Outlook "We are reaffirming our full year 2026 financial guidance, including revenue of $860 million to $880 million, adjusted gross margin of 68% to 69% and adjusted EBITDA of $37 million to $49 million" (CFO & Principal Accounting Officer Wheeler). "We expect quarterly revenue to grow sequentially from first quarter" with Q2 in the "low single-digit range" and acceleration thereafter as the company realizes "early contribution from the addition of over 100 account executives" (CFO & Principal Accounting Officer Wheeler). Compared with the prior quarter’s call, management kept the full-yea...
Asian currencies extended a rebound as the artificial intelligence trade gathered pace and sentiment improved on hopes of a peace deal between the US and Iran. The Korean won led currencies higher, rising the most in almost three weeks as Samsung Electronics Co.’s market value hit $1 trillion on booming demand for microchips. The Thai baht climbed as much as 0.8%, the most since April 17, leading ...
Asian currencies extended a rebound as the artificial intelligence trade gathered pace and sentiment improved on hopes of a peace deal between the US and Iran. The Korean won led currencies higher, rising the most in almost three weeks as Samsung Electronics Co.’s market value hit $1 trillion on booming demand for microchips. The Thai baht climbed as much as 0.8%, the most since April 17, leading most Asian peers — especially those most exposed to fluctuations in oil prices — higher. The rally comes as renewed optimism for AI lifts Asian markets, a key part of the global AI ecosystem. US President Donald Trump also suspended a plan to escort ships through the Strait of Hormuz following clashes with Iran, in an effort to reach a deal to end the conflict. “Trump’s suspension of Project Freedom, which may raise the hope of negotiation between US and Iran” is driving high-beta FX higher, said Kiyong Seong , lead Asia macro strategist at Societe Generale SA in Hong Kong. While it’s hard to speculate if the worst is over for Asian currencies, “the worst case of re-intensifying military action can be avoided,” he said. The rebound eases some pressure on Asian currencies. The jump in oil last week — driven by fears of a breakdown in the US-Iran ceasefire — pushed currencies of countries facing high crude-import bills like the Indonesian rupiah and Indian rupee to record lows. That prompted repeated interventions from central banks including Bank Indonesia and Reserve Bank of India to stem the weakness. AI Boom Drowns Out War Fears to Fuel Asia’s Great Market Divide One by One, Asian Currencies Are Faltering as Oil Worries Worsen Still, the rally may not endure as the performance between Asian currencies exposed to the AI-trade and oil swings diverges. India, Indonesia and the Philippines are yet to face the full impact of high energy costs, while the Korean won will likely be supported by inflows into stocks, according to Eugenia Victorino, head of Asia strategy at Skandina...
ozgurdonmaz Apple ( AAPL ) agreed on Tuesday to pay $250M to settle a shareholder lawsuit that accused the company of delaying AI upgrades to its Siri voice assistant, as per reports. Plaintiffs accused the California tech giant of having "promoted AI capabilities that did not exist at the time, do not exist now, and will not exist for two or more years" in order to boost iPhone sales, the documen...
ozgurdonmaz Apple ( AAPL ) agreed on Tuesday to pay $250M to settle a shareholder lawsuit that accused the company of delaying AI upgrades to its Siri voice assistant, as per reports. Plaintiffs accused the California tech giant of having "promoted AI capabilities that did not exist at the time, do not exist now, and will not exist for two or more years" in order to boost iPhone sales, the document - reviewed by AFP - stated. The lawsuit, brought by Peter Landsheft in a U.S. federal court in California in 2024, followed the iPhone maker’s announcement, and promotion, of a range of AI upgrades at its annual developer conference that year, stating they would roll out with new iPhones in the fall. In 2025, Apple said that the AI overhaul of Siri would not come until this year, and executives have now confirmed that the new Siri features will be unveiled at Apple's annual developer conference next month. Apple ( AAPL ) did not admit to any fault in the settlement, which still needs approval from a judge. "Apple has reached a settlement to resolve claims related to the availability of two additional features. We resolved this matter to stay focused on doing what we do best, delivering the most innovative products and services to our users," the company said in a statement told Reuters . More on Apple Apple: iPhone And Services Drive Growth, But Margin And Supply Risks Loom Apple: A Once-In-A-Generation Buy Signal Just Flashed Apple: Wait For A Drop Apple pulls high-memory Mac mini, Mac Studio configs from store on supply crunch Apple plans to allow users to pick outside AI models to power iOS 27 features: report
A gauge of Chinese tech shares surged to a record high, joining a broader artificial intelligence-related rally sweeping across Asian markets as investors piled into growth sectors. The Star 50 Index climbed as much as 9.2% as trading resumed after an extended holiday, pushing the gauge past a peak set in 2021. Memory chipmakers including Hygon Information Technology Co. tracked regional peers hig...
A gauge of Chinese tech shares surged to a record high, joining a broader artificial intelligence-related rally sweeping across Asian markets as investors piled into growth sectors. The Star 50 Index climbed as much as 9.2% as trading resumed after an extended holiday, pushing the gauge past a peak set in 2021. Memory chipmakers including Hygon Information Technology Co. tracked regional peers higher, while heavyweight Cambricon Technologies Corp. also jumped. “Tech came out swinging and ended up blowing the whole stage apart” in post-holiday trading, said Xu Dawei, a fund manager at Jintong Private Fund Management in Beijing. The move is mainly due to a “spillover of strength in global peers,” he said. The move underscores renewed investor appetite for semiconductor names, which have led advances across regional markets. Tech hardware makers may see continued gains as major customers announce robust outlooks for capital expenditures. The Star 50 gauge has struggled for years to top a previous high set in the early days of its creation as companies failed to deliver on earnings. Stronger demand for AI-related hardware in recent quarters has given them a new lift. Investor sentiment also got a boost from a stronger services purchasing managers’ index print from RatingDog for April. That’s helped the Shanghai Composite Index gained as much as 1.2%, while the ChiNext Index was up as much as 3.7%.