There was a lot to like from Oracle's (ORCL 0.43%) latest quarterly results and guidance for the upcoming fiscal year. Oracle stock jumped in response to the earnings release but remains down 20% year to date at the time of this writing, badly underperforming the tech sector's 3.3% decline and the S&P 500's 2% drop. Here's why Oracle remains in "prove it" mode for investors as it burns cash at a b...
There was a lot to like from Oracle's (ORCL 0.43%) latest quarterly results and guidance for the upcoming fiscal year. Oracle stock jumped in response to the earnings release but remains down 20% year to date at the time of this writing, badly underperforming the tech sector's 3.3% decline and the S&P 500's 2% drop. Here's why Oracle remains in "prove it" mode for investors as it burns cash at a breakneck pace, and some insight into whether the growth stock is worth buying despite its glaring risks. The cost of hypergrowth Oracle stock hit an all-time high last September after announcing a detailed roadmap for exponential artificial intelligence (AI) growth led by Oracle Cloud Infrastructure (OCI). But to pull it off, Oracle has to take on significant debt, because its database and data management software segment doesn't generate enough cash flow to cover costs. As investors digested the consequences of this debt, Oracle has undergone a massive sell-off over the last six months. And the cash burn has only gotten worse -- with Oracle reporting a staggering $43.8 billion in negative free cash flow (FCF) through the first three quarters of fiscal 2026, compared to $26.2 billion in positive FCF in fiscal 2025. Clay Magouyrk, Oracle co-CEO and head of OCI, addressed the cash burn on the third-quarter fiscal 2026 earnings call: The reason we are not even more profitable right now, despite the fact that we are continuing to grow EPS [earnings per share], etc., is because we have so much under construction at one time, and we have some expenses for those things. Now we are really good at that. We are very, very good at minimizing the time under which that construction is happening. We are very, very good at reducing those costs during that time period. But they are not zero. And so as our business is going through this hypergrowth phase, that is the only drag on profitability. But, thankfully, we are very good and getting better at delivering that capacity. That capacity, ...
Startup Xanadu Quantum Technologies Inc. is preparing a public listing with the promise that it’s going to build one of the first quantum-powered data centers by 2030. If successful, the deal would break a long drought. It has been several years since a Canadian technology company went public on the Toronto Stock Exchange. Toronto-based Xanadu is trying to gain a listing via a merger with blank-ch...
Startup Xanadu Quantum Technologies Inc. is preparing a public listing with the promise that it’s going to build one of the first quantum-powered data centers by 2030. If successful, the deal would break a long drought. It has been several years since a Canadian technology company went public on the Toronto Stock Exchange. Toronto-based Xanadu is trying to gain a listing via a merger with blank-check company Crane Harbor Acquisition Corp. in a transaction that would value the business at more than $3 billion. The merger vote is scheduled for Thursday, with the listing set to happen by the end of March. Xanadu would get $455 million in net cash, assuming no redemptions from Crane shareholders, with new money coming in from investors including Advanced Micro Devices Inc. and BMO Global Asset Management. Bessemer Venture Partners is one of the company’s longstanding investors. Xanadu Chief Executive Officer Christian Weedbrook, 49, came a long way to found his company in 2016. Born and raised in Australia, he landed in Toronto as a postdoctoral research fellow in quantum technology and never left. He says he now works seven days a week at the firm’s headquarters in a downtown building, living just minutes away. Weedbrook’s obsession has been moving quantum computing from scientific theory to commercial product. Every visitor entering Xanadu’s office is reminded of the mission, which is written in bold black letters across a white wall: “To build quantum computers that are useful and available to people everywhere.” The firm is betting on what it calls a unique approach to building quantum computers that uses photons, or light, that travel through fiber optic elements. The system can mostly operate at room temperature, making it potentially more scalable than other quantum technologies, according to Weedbrook. Quantum computers perform calculations at exponentially faster speeds than traditional computers by making them in parallel, rather than sequentially. Xanadu’s Bo...
Arizona said it filed criminal charges against Kalshi for operating an illegal gambling business in the state. It is a significant escalation in the legal battles between Kalshi and several states that have accused the prediction market exchange of circumventing state gambling laws.
Arizona said it filed criminal charges against Kalshi for operating an illegal gambling business in the state. It is a significant escalation in the legal battles between Kalshi and several states that have accused the prediction market exchange of circumventing state gambling laws.
Olga Yastremska/iStock via Getty Images Freshpet’s ( FRPT ) advertising, which suggests that their dog food is human grade, was determined to be misleading by the BBB National Programs’ National Advertising Division (NAD) and recommended that the company discontinue these claims. The challenge was presented by competitor The Farmer’s Dog, who argued that Freshpet’s ( FRPT ) video advertisements in...
Olga Yastremska/iStock via Getty Images Freshpet’s ( FRPT ) advertising, which suggests that their dog food is human grade, was determined to be misleading by the BBB National Programs’ National Advertising Division (NAD) and recommended that the company discontinue these claims. The challenge was presented by competitor The Farmer’s Dog, who argued that Freshpet’s ( FRPT ) video advertisements include statements and images implying that their dog food is made “the same way you make healthy food for people.” The NAD determined these claims convey a message that Freshpet ( FRPT ) dog food is human grade. Therefore, NAD recommended Freshpet ( FRPT ) cease these claims and modify their advertisements accordingly. To that end, Freshpet ( FRPT ) informed NAD that it would change the claim in a commercial, “How does Freshpet make healthy food for dogs? The same way you make healthy food for people” by removing the second sentence. By comparison, The Farmer’s Dog markets its products as “human-grade,” made from high-quality meats and vegetables under safety standards typically applied to human food. The company alleges that three video advertisements from Freshpet ( FRPT ) contain statements that imply its dog food is comparable to food intended for human consumption. Wall Street reacted negatively to the NAD’s recommendation, sending Freshpet ( FRPT ) shares down for a sixth consecutive session and bringing total losses to 17%. More on Freshpet Freshpet: Growth Dynamics Raising Questions Freshpet, Inc. (FRPT) Q4 2025 Earnings Call Transcript Freshpet, Inc. 2025 Q4 - Results - Earnings Call Presentation Freshpet outlines 7–10% net sales growth target for 2026 while advancing omnichannel and manufacturing technology Freshpet under pressure as softer FY26 sales outlook upstages higher profits
Google may have signed on to President Trump’s toothless power pledge, but it’s clear the company started working months ago on a framework to power its data centers. On Thursday, Google said it will work with Michigan utility DTE to add 2.7 gigawatts of “new resources” in suburban Detroit to power a new data center in the region. Some specifics are still fuzzy at this point, but the deal mimics o...
Google may have signed on to President Trump’s toothless power pledge, but it’s clear the company started working months ago on a framework to power its data centers. On Thursday, Google said it will work with Michigan utility DTE to add 2.7 gigawatts of “new resources” in suburban Detroit to power a new data center in the region. Some specifics are still fuzzy at this point, but the deal mimics one signed last month with Xcel Energy to build a data center in Minnesota. This is how Google will develop new capacity for its future data centers. The new plan includes 1.6 gigawatts of solar power, 400 megawatts of four-hour energy storage, 50 megawatts of long-duration energy storage, and 300 megawatts of “additional clean resources,” which is a squishy way of saying anything from wind and hydro to nuclear and geothermal. TechCrunch sent Google’s PR people a number of questions, and while they responded with some details, it’s clear there’s a lot to the proposal that either isn’t fleshed out or isn’t fully public yet. To wit: does “clean resources” include natural gas? We haven’t received a reply on that one yet. The remaining 350 megawatts of the 2.7 GW deal will be covered by demand response, which is when large electricity users curtail their use for brief periods of time. What shape that takes remains to be seen. Google may be looking for companies that are willing to dial back their electricity needs at certain times, or it will turn off its own data centers when the grid is strained. The DTE deal will also use Google’s Clean Transition Tariff, which it has been refining over the past year or so. The tariff was previously used in Google’s deal with Xcel Energy. It’s intended to allow Google to pay a premium to specify the types of power it wants deployed while also encouraging utilities to incorporate such technologies into their long-range planning. Previous instruments like power purchase agreements were often treated by utilities as one-offs. Google also said it...
Google may have signed on to President Trump’s toothless power pledge, but it’s clear the company started working months ago on a framework to power its data centers. On Thursday, Google said it will work with Michigan utility DTE to add 2.7 gigawatts of “new resources” in suburban Detroit to power a new data center in the region. Some specifics are still fuzzy at this point, but the deal mimics o...
Google may have signed on to President Trump’s toothless power pledge, but it’s clear the company started working months ago on a framework to power its data centers. On Thursday, Google said it will work with Michigan utility DTE to add 2.7 gigawatts of “new resources” in suburban Detroit to power a new data center in the region. Some specifics are still fuzzy at this point, but the deal mimics one signed last month with Xcel Energy to build a data center in Minnesota. This is how Google will develop new capacity for its future data centers. The new plan includes 1.6 gigawatts of solar power, 400 megawatts of four-hour energy storage, 50 megawatts of long-duration energy storage, and 300 megawatts of “additional clean resources,” which is a squishy way of saying anything from wind and hydro to nuclear and geothermal. TechCrunch sent Google’s PR people a number of questions, and while they responded with some details, it’s clear there’s a lot to the proposal that either isn’t fleshed out or isn’t fully public yet. To wit: does “clean resources” include natural gas? We haven’t received a reply on that one yet. The remaining 350 megawatts of the 2.7 GW deal will be covered by demand response, which is when large electricity users curtail their use for brief periods of time. What shape that takes remains to be seen. Google may be looking for companies that are willing to dial back their electricity needs at certain times, or it will turn off its own data centers when the grid is strained. The DTE deal will also use Google’s Clean Transition Tariff, which it has been refining over the past year or so. The tariff was previously used in Google’s deal with Xcel Energy. It’s intended to allow Google to pay a premium to specify the types of power it wants deployed while also encouraging utilities to incorporate such technologies into their long-range planning. Previous instruments like power purchase agreements were often treated by utilities as one-offs. Google also said it...
Nanterre, 17 March 2026 VINCI Autoroutes and VINCI Airports traffic in February 2026 I- Change in VINCI Autoroutes’ intercity networks traffic February YTD at the end of February (2 months) % change 2026/2025 % change 2026/2025 VINCI Autoroutes -0.8% -1.4% Light vehicles -1.2% -1.7% Heavy vehicles +1.1% +0.1% The decline in light vehicle traffic in February is due to the different positioning of s...
Nanterre, 17 March 2026 VINCI Autoroutes and VINCI Airports traffic in February 2026 I- Change in VINCI Autoroutes’ intercity networks traffic February YTD at the end of February (2 months) % change 2026/2025 % change 2026/2025 VINCI Autoroutes -0.8% -1.4% Light vehicles -1.2% -1.7% Heavy vehicles +1.1% +0.1% The decline in light vehicle traffic in February is due to the different positioning of school holidays compared to previous year and to unfavourable weather conditions. This has been partially offset by an increase in heavy vehicle traffic. Since the start of the year, total traffic has fallen by 1.4%, although it should be noted that January and February are traditionally not representative of the annual trend. II- Change in VINCI Airports passenger traffic1 February YTD at the end of February (2 months) % change 2026/2025 % change 2026/2025 VINCI Airports +1.6% +1.4% Portugal (ANA) +3.4% +3.7% United Kingdom* -1.8% -1.4% France -1.4% -1.4% Serbia +9.4% +7.9% Hungary +7.0% +4.9% Mexico (OMA) +5.7% +6.1% United States of America -7.2% -5.2% Dominican Republic (Aerodom) +6.8% +6.7% Costa Rica +13% +11% Chile (Nuevo Pudahuel) -0.6% -1.6% Brazil +12% +11% Japan (Kansai Airports) -2.6% -3.7% Cambodia (Cambodia Airports) +3.0% +2.8% Cabo Verde +17% +16% 1 Data at 100%, irrespective of percentage held, including airport passenger numbers over the full period * London Gatwick, Edinburgh and Belfast International airports. Traffic remained robust at most airports in the network in February. Overall, it rose by 1.6% (following a 1% increase in January). III- Change in VINCI Airports commercial movements (ATM)2 February YTD at the end of February (2 months) % change 2026/2025 % change 2026/2025 VINCI Airports -0.5% -0.7% Portugal (ANA) +0.7% +1.5% United Kingdom* -3.2% -3.7% France -1.9% -1.1% Serbia +6.5% +5.1% Hungary +5.4% +3.0% Mexico (OMA) +1.3% +3.2% United States of America -7.1% -4.3% Dominican Republic (Aerodom) +3.1% +1.7% Costa Rica +22% +24% Chile (Nuevo Pud...
Nanterre, March 16th, 2026 Disclosure of transactions in on shares from March 09th to March 13th,2026 Within the framework of the authorization granted by the General...
Nanterre, March 16th, 2026 Disclosure of transactions in on shares from March 09th to March 13th,2026 Within the framework of the authorization granted by the General...
COMPAGNIE DE L'ODET Résultats de l’exercice 2025 Le 17 mars 2026 Bénéfice net part du Groupe : 218 millions d’euros Proposition de dividende de 4,80 euros par action en hausse de 9 % Chiffre d’affaires : 2 924 millions d’euros, -9% à périmètre et change constants. Résultat opérationnel ajusté (EBITA (1) (2)) : 282 millions d’euros, incluant les résultats des mises en équivalence de UMG, Canal+, Lo...
COMPAGNIE DE L'ODET Résultats de l’exercice 2025 Le 17 mars 2026 Bénéfice net part du Groupe : 218 millions d’euros Proposition de dividende de 4,80 euros par action en hausse de 9 % Chiffre d’affaires : 2 924 millions d’euros, -9% à périmètre et change constants. Résultat opérationnel ajusté (EBITA (1) (2)) : 282 millions d’euros, incluant les résultats des mises en équivalence de UMG, Canal+, Louis Hachette Group, Havas et Vivendi sur l’ensemble de l’année 2025. Résultat net : 354 millions d’euros contre 1 750 millions d’euros en 2024, qui intégrait la plus-value nette de cession de Bolloré Logistics (+3,7 milliards d’euros) et la moins-value de déconsolidation des sociétés issues de la scission de Vivendi (-1,9 milliard d’euros). Résultat net part du Groupe : 218 millions d’euros. Position nette de trésorerie consolidée : 5 126 millions d’euros au 31 décembre 2025 (contre 4 806 millions d’euros en 2024). Dividende Compagnie de l’Odet : 4,80 euros par action en hausse de 9% par rapport à l’année précédente. Dividende exceptionnel de Bolloré : Bolloré SE ayant annoncé un dividende exceptionnel de 1,5 euro par action, représentant un montant de l’ordre de 4,2 milliards d’euros, s’ajoutant au dividende ordinaire de 0,08 euro, le Conseil d’administration de Compagnie de l’Odet, qui détient 71 % du capital de Bolloré, a indiqué son intention de verser au second semestre 2026 un acompte de nature exceptionnelle sur dividende représentant au moins les deux tiers du dividende exceptionnel reçu par Compagnie de l’Odet. Résultats de l’exercice 2025 Le Conseil d’administration de Compagnie de l’Odet, réuni le 17 mars 2026, a arrêté les comptes de l’exercice 2025. Le chiffre d’affaires s’élève à 2 924 millions d’euros, en baisse de -9 % à périmètre et taux de change constants : Bolloré Energy : 2 511 millions d’euros, -9 %, en repli dans un contexte général de baisse des cours, malgré des volumes vendus en légère progression (notamment dans le négoce en France) ; Industrie : ...
COMPAGNIE DE L'ODET Results for fiscal year 2025 March 17, 2026 Net profit, Group share: €218 million Proposal to pay a dividend of €4.80 per share, an increase of 9% Revenue: €2,924 million, -9% at constant scope and exchange rates. Adjusted operating income (EBITA (1) (2)): €282 million including the results of the equity-accounted associates UMG, Canal+, Louis Hachette Group, Havas and Vivendi ...
COMPAGNIE DE L'ODET Results for fiscal year 2025 March 17, 2026 Net profit, Group share: €218 million Proposal to pay a dividend of €4.80 per share, an increase of 9% Revenue: €2,924 million, -9% at constant scope and exchange rates. Adjusted operating income (EBITA (1) (2)): €282 million including the results of the equity-accounted associates UMG, Canal+, Louis Hachette Group, Havas and Vivendi for the full year 2025. Net income: €354 million, compared with €1,750 million in 2024, which included the net capital gain on the disposal of Bolloré Logistics (+€3.7 billion) and the capital loss on the deconsolidation of companies resulting from the spin-off of Vivendi (-€1.9 billion). Net income, Group share: €218 million. Net cash position: €5,126 million at December 31, 2025 (compared with €4,806 million in 2024). Dividend: €4.80 per share, up 9% from the previous year. Bolloré exceptional dividend: following Bolloré SE's announcement of an exceptional dividend of €1.5 per share, representing an amount of approximately €4.2 billion, in addition to the ordinary dividend of €0.08, the Board of Directors of Compagnie de l'Odet, which holds 71% of Bolloré's share capital, has indicated its intention to pay an interim dividend of an exceptional nature in the second half of 2026 representing at least two-thirds of the exceptional dividend received by Compagnie de l'Odet. Results for fiscal year 2025 Compagnie de l’Odet’s Board of Directors met on March 17, 2026 to approve the financial statements for fiscal year 2025. Revenue amounted to €2,924 million, down -9% at constant scope and exchange rates: Bolloré Energy: €2,511 million, -9%, down against a backdrop of a widespread decrease in prices, despite a slight increase in volumes sold (notably in trading in France); Industry: €310 million, -13%, down from 2024, a year marked by the recovery in 12-meter bus sales to RATP, and despite strong momentum in the Films activity, driven by an increase in dielectric film and packagi...
A robust adjusted EBIT margin² of 16.3% at CERS, driven by solid organic revenue growth of 7.9% Solid 2025 dynamic with annual revenue up +7.9% at CERS; with strong momentum in key categories and countries. Volume/mix effect of ~+5%, completed by price increase of ~+3% Adjusted EBIT (before amortization of assets arising from acquisitions) margin of 16.3% at CERS despite: temporary shutdown of an ...
A robust adjusted EBIT margin² of 16.3% at CERS, driven by solid organic revenue growth of 7.9% Solid 2025 dynamic with annual revenue up +7.9% at CERS; with strong momentum in key categories and countries. Volume/mix effect of ~+5%, completed by price increase of ~+3% Adjusted EBIT (before amortization of assets arising from acquisitions) margin of 16.3% at CERS despite: temporary shutdown of an antigen’s production site and higher inventory write-offs in FY25 partially offset by a solid underlying performance on sales prices and product mix and; improving operating expense to revenue ratio. Consolidated net income increased by +3.2% and amounts to €150.5m Strong cash generation of €93 million funded the Thyronorm acquisition while maintaining a relatively stable net debt at €172.8 million compared to €168.5 million at the end of 2024 2026 guidance: (incl. Thyronorm acquisition impact) : revenue growth expected to be between 5.5% and 7.5% at constant rates and scope. Adjusted recurring operating income1 expected around 17% in €m FY25 FY24 Évolution Revenues 1 464.7 1 397.4 4.8 % Change at constant exchange rates1 8.7 % Change at constant exchange rates and scope1 7.9 % EBIT Adjusted (before amortizations2) 234.4 231.8 1.1% as a % of revenue 16.0% 16.6% (0.6)p.p as a % of revenue at constant rates 16.5% na na as a % of revenue at constant exchange rates and scope 16.3% na na Amortization of intangible assets from acquisitions (4.8) (4.3) 10.8 % EBIT Adjusted 229.7 227.5 0.9 % Non-recurring (expenses) and income (3.5) (10.4) (66.1)% EBIT 226.1 217.1 4.2 % Consolidated net income 150.5 145.8 3.2 % Other financial indicators Shareholders’ equity - Group share 1 125.2 1 043.1 7.9 % Net debt3 172.8 168.5 2.5 % Operating cash flow before interest and taxes4 289.1 280.3 3.1 % 1Change at constant exchange rates and scope corresponds to organic sales growth, excluding exchange rate variations by calculating the indicator for the current and prior periods using identical exch...
Une marge opérationnelle2 robuste de 16,3 %, portée par une solide croissance organique du chiffre d'affaires de 7,9 %. Dynamique 2025 solide avec un chiffre d'affaires annuel en hausse de +7,9 % à périmètre et taux de change constants (pcc); forte dynamique dans les catégories et pays clés. Effet volume/mix de ~ +5 %, complété par une hausse des prix de ~+ 3 %. Une marge opérationnelle courante (...
Une marge opérationnelle2 robuste de 16,3 %, portée par une solide croissance organique du chiffre d'affaires de 7,9 %. Dynamique 2025 solide avec un chiffre d'affaires annuel en hausse de +7,9 % à périmètre et taux de change constants (pcc); forte dynamique dans les catégories et pays clés. Effet volume/mix de ~ +5 %, complété par une hausse des prix de ~+ 3 %. Une marge opérationnelle courante (avant amortissements 2 ) de 16,3 % à pcc malgré : l'arrêt temporaire d'un site de production d'antigènes et des destructions de stocks plus élevées sur l'exercice 2025, partiellement compensés par une solide performance sous-jacente sur les prix de vente et le mix produits, et par ; l'amélioration du ratio des charges opérationnelles sur chiffre d'affaires. Le résultat net consolidé progresse de +3,2 % et s'élève à 150,5 M€. Une forte génération de trésorerie de 93 M€ a permis de financer l'acquisition de Thyronorm tout en maintenant un endettement net relativement stable à 172,8 M€ contre 168,5 M€ à fin 2024. Perspectives 2026 (incluant l'impact de l'acquisition de Thyronorm) : croissance du chiffre d'affaires attendue entre 5,5 % et 7,5 % à pcc. Le résultat opérationnel courant ajusté2 est attendu autour de 17 % in €m FY25 FY24 Évolution Chiffre d’affaires 1 464.7 1 397.4 4.8 % Évolution à taux de change constant1 8.7 % Évolution à taux de change et périmètre constant1 7.9 % Résultat opérationnel courant (avant amortissements2) 234.4 231.8 1.1% en % du CA 16.0% 16.6% (0.6)p.p en % du CA à taux constants 16.5% na na en % du CA à taux de change et périmètre constant 16.3% na na Amortissement des actifs incorporels d’acquisitions (4.8) (4.3) 10.8 % Résultat opérationnel courant 229.7 227.5 0.9 % Produits et (charges) non récurrents (3.5) (10.4) (66.1)% Résultat opérationnel 226.1 217.1 4.2 % Résultat net consolidé 150.5 145.8 3.2 % Autres indicateurs financiers Capitaux propres - Part du Groupe 1 125.2 1 043.1 7.9 % Endettement net3 172.8 168.5 2.5 % Cash-flow opérationnel a...
Are you a firm believer in the technology sector's long-term potential, but also fear that most technology funds are just too dangerously top-heavy right now to buy any of them? If that sounds like you, you're not crazy; most tech ETFs are wildly unbalanced at this time. Fortunately, there's an easy solution that could prove to be a strategically brilliant addition to your portfolio right now. But...
Are you a firm believer in the technology sector's long-term potential, but also fear that most technology funds are just too dangerously top-heavy right now to buy any of them? If that sounds like you, you're not crazy; most tech ETFs are wildly unbalanced at this time. Fortunately, there's an easy solution that could prove to be a strategically brilliant addition to your portfolio right now. But first things first. You almost certainly understand the underlying reason for most technology exchange-traded funds' biggest problem right now. That's the advent of artificial intelligence (AI). It has disproportionately benefited the stocks of a relatively small number of companies deep into the AI business. For perspective, Nvidia , Apple , and Microsoft collectively make up 43% of the cap-weighted Vanguard Information Technology ETF 's (NYSEMKT: VGT) current value. If the AI bubble pops, this fund could suffer a setback far bigger than most investors might think is possible for any ETF consisting of 320 different tickers. Continue reading
UBS Eyes Possible Bottom In Airline Stocks After Bear Market The S&P 500 Passenger Airlines Index has tumbled into a bear market since Operation Epic Fury unleashed flight disruptions across the Middle East and sent Jet A fuel prices sharply higher, with Deutsche Bank warning the fuel price shock could become an " existential threat " for the weakest carriers. The key question now is whether the w...
UBS Eyes Possible Bottom In Airline Stocks After Bear Market The S&P 500 Passenger Airlines Index has tumbled into a bear market since Operation Epic Fury unleashed flight disruptions across the Middle East and sent Jet A fuel prices sharply higher, with Deutsche Bank warning the fuel price shock could become an " existential threat " for the weakest carriers. The key question now is whether the worst of the selloff in US airline stocks is over, with UBS analysts beginning to ask if a bottom is near. UBS analyst Atul Maheswari said that "most airlines will likely point 1Q towards the midpoint of the guidance" in the earnings season, adding, "Fuel spiked in early March, but airlines tend to hold two weeks of fuel inventory, implying higher fuel will impact only about 15 days of 1Q." "This should cushion the drag to 1Q EPS. Plus, airlines have been talking up demand through the course of the quarter, suggesting upside to 1Q RASM. With respect to FY guide, we expect airlines to suspend FY'26 outlook given the significant uncertainty around fuel costs for the rest of the year," Maheswari noted. The analyst said that airline stocks are approaching a 2022-style decline, similar to the Russia-Ukraine fuel shock, which may now imply a potential bottoming for airline stocks. He explained: How does the current decline in airline stocks compare to historical periods? If we use share price performance in 1H'22 as a guide, then it suggests that the bottom might be near for these airline stocks. Since 2/26, shares of ALK and smaller players are down around -30% while UAL, AAL, and LUV are down mid 20%. DAL is down only -17%. The decline in LUV, ALK and smaller players have already matched the peak to trough declines witnessed in 1H'22 - the last time jet fuel witnessed a spike of similar magnitude (following the Russia-Ukraine conflict) as we are seeing currently (full details in fig. 3). The declines in share prices DAL/UAL have not yet matched the levels witnessed in 2022, but ...
The Michigan manufacturing facility is scheduled to open in 2027 and will provide batteries for Tesla’s Megapack 3 utility-scale energy storage systems.
The Michigan manufacturing facility is scheduled to open in 2027 and will provide batteries for Tesla’s Megapack 3 utility-scale energy storage systems.
Broadcom AVGO is expanding its portfolio of open, scalable and energy-efficient AI infrastructure solutions with the introduction of advanced technologies at the ongoing 2026 Optical Fiber Communications Conference (OFC). The lineup includes 3.5D XPU, 102.4T Ethernet switches with co-packaged optics (CPO), 400G/lane optical DSPs, 200G/lane Ethernet retimers and AECs, and PCIe Gen6 connectivity sol...
Broadcom AVGO is expanding its portfolio of open, scalable and energy-efficient AI infrastructure solutions with the introduction of advanced technologies at the ongoing 2026 Optical Fiber Communications Conference (OFC). The lineup includes 3.5D XPU, 102.4T Ethernet switches with co-packaged optics (CPO), 400G/lane optical DSPs, 200G/lane Ethernet retimers and AECs, and PCIe Gen6 connectivity solutions. At OFC, held between March 15 and 19 in Los Angeles, Broadcom is introducing Taurus, the industry’s first 400G/lane optical DSP. Combined with its 400G electro-absorption modulated laser and photodiodes, the solution enables cost-effective, low-power 1.6T optical transceivers while paving the way for future 3.2T designs and next-generation 204.8T switching platforms. Broadcom’s 3.5D XDSiP platform — already in production — combines 2.5D and 3D integration technologies to deliver high performance and efficiency for AI accelerators. AVGO’s Ethernet portfolio includes the 102.4T Tomahawk 6 switch, Tomahawk Ultra with ultra-low latency and Jericho 4 for large-scale, secure AI fabrics. The Thor Ultra 800G NIC further enhances performance for Ultra Ethernet Consortium-compliant networks. Additional highlights include 200G/lane VCSEL, EML and CPO solutions, as well as a 3.2T VCSEL-based near-packaged optics platform. Broadcom is also advancing connectivity with 200G/lane Ethernet retimers, extended AECs, and PCIe Gen6 switches featuring enhanced telemetry and orchestration capabilities. Strong Portfolio to Boost AVGO’s Top-Line Growth A strong portfolio is helping in driving up Broadcom’s revenues. In the first quarter of fiscal 2026, AVGO’s revenues from custom accelerators jumped 140% year over year. The momentum is expected to continue in the second quarter of fiscal 2026, thanks to a robust clientele. The company continues to gain market share in AI networking, driven by the first-to-market Tomahawk 6 switch at 100 terabit per second, as well as Broadcom’s 200G SerDes,...
Earnings Call Insights: Ampco-Pittsburgh Corporation (AP) Q4 2025 Management View Brett McBrayer, CEO, highlighted that "the fourth quarter was a busy quarter for Ampco-Pittsburgh, where we initiated and completed the removal of significant underperforming assets from our portfolio." He stated these actions are expected to "improve adjusted EBITDA by $7 million to $8 million annually." McBrayer ac...
Earnings Call Insights: Ampco-Pittsburgh Corporation (AP) Q4 2025 Management View Brett McBrayer, CEO, highlighted that "the fourth quarter was a busy quarter for Ampco-Pittsburgh, where we initiated and completed the removal of significant underperforming assets from our portfolio." He stated these actions are expected to "improve adjusted EBITDA by $7 million to $8 million annually." McBrayer acknowledged a dip in Q4 consolidated adjusted EBITDA to $3.2 million, attributing it to a pause in customer orders in the Forged and Cast segment after new global tariffs. For the full year, consolidated adjusted EBITDA was $29.2 million, an improvement over the prior year, despite revenue impacts in the second half. He noted record revenue and income for the Air and Liquid Processing segment and reported accelerated bookings for both operating segments in early 2026. David Anderson, CFO and President of Air and Liquid, stated, "2025 was a record-breaking year for Air and Liquid as we achieved new highs in both revenue and adjusted EBITDA... Q4 revenue was 10% higher than prior year, while full year revenue was 7% above prior year." Anderson mentioned the U.S. Navy's decision to terminate production of the Constellation frigate program resulted in a $7.1 million backlog reduction, but new Navy bookings in early 2026 have more than replaced these lost orders. He also cited record bookings for commercial pumps, particularly due to demand from the AI data center and gas turbine markets. Samuel Lyon, President of Union Electric Steel, reported FCEP net sales of $70.9 million for Q4 and $292.6 million for the year, with adjusted EBITDA for the segment at $24.4 million for 2025. Lyon explained a $41.4 million deconsolidation charge from the U.K. facility closure and discussed plans for a production ramp-up in Sweden targeting a 20% increase by Q3 2026. He expects margin expansion as the order book normalizes and highlighted opportunities from competitors winding down operations an...
Nvidia Corp . Chief Executive Officer Jensen Huang said the $1 trillion projection he issued a day ago for the company’s AI chip sales doesn’t capture all of its product offerings and signaled that overall revenue will surpass that level as the company pushes into new markets. The company expects to close, book and ship more than $1 trillion in business, Huang said at a company event in San Jose, ...
Nvidia Corp . Chief Executive Officer Jensen Huang said the $1 trillion projection he issued a day ago for the company’s AI chip sales doesn’t capture all of its product offerings and signaled that overall revenue will surpass that level as the company pushes into new markets. The company expects to close, book and ship more than $1 trillion in business, Huang said at a company event in San Jose, California. Nvidia has “strong confidence of $1 trillion-plus,” he told an audience of analysts and investors. Less than a day ago, Huang predicted that Nvidia’s flagship AI processors would help generate $1 trillion in sales through 2027, saying computing demand has increased “by 1 million times in the last two years.” The company’s shares jumped as much as 4.8% on the news before leveling off. They were virtually unchanged on Tuesday. While revenue of that magnitude dwarfs anything his would-be rivals might be able to generate, Wall Street analysts expressed concern that it doesn’t point to accelerating growth. Nvidia had previously forecast that data center gear would bring $500 billion in sales through the end of 2026. The latest forecast extends the outlook another year, doubling the cumulative amount. Read More: Nvidia Makes Trillion-Dollar Forecast at Annual Product Expo Huang had announced plans on Monday to push deeper into central processing units — Intel Corp. ’s home turf — and introduced semiconductors made with technology acquired from startup Groq. The company said it was also developing chips for data centers in outer space.