Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
StepStone Group Inc. Q3 2026 Earnings Call - Record Core Fee-Related Earnings and Fundraising, Offset by GAAP Loss from Private Wealth Buy-In
StepStone closed Q3 2026 with peak operating momentum, delivering its best quarter ever in core fee-related earnings and a record 12-month fundraising haul, even as GAAP net income suffered from the o...
- GAAP net loss of $123 million, or $1.55 per share, driven by the accounting impact of the buy-in of StepStone Private Wealth profits and interests, not operating weakness.
- Core fee-related earnings (FRE) hit an all-time high, with reported FRE of $89 million, up 20% year-over-year, and core FRE (ex-retroactive fees) up 35% YoY; FRE margin was 37%.
- Adjusted net income was $80 million, or $0.65 per share, versus $53 million, or $0.44, a year ago, reflecting higher fee and performance-related revenues.
- +13 more takeaways
Alpha and Omega Semiconductor Fiscal Q2 2026 Earnings Call - Monetized JV to Fund R&D Shift into AI and High-Value Power Solutions
Alpha and Omega delivered a soft December quarter, revenue $162.3 million, down 11.1% sequentially and 6.3% year over year, with non-GAAP gross margin at 22.2% and a non-GAAP loss of $0.16 per share. ...
- Revenue for fiscal Q2 (Dec) was $162.3 million, down 11.1% sequentially and down 6.3% year over year.
- Non-GAAP gross margin was 22.2%, non-GAAP EPS was a loss of $0.16 per share.
- Management views March quarter as a near-term low, guiding revenue of approximately $160 million plus or minus $10 million, and non-GAAP gross margin ~21% plus or minus 1%.
- +12 more takeaways
Good Times Restaurants Incorporated Q1 2026 Earnings Call - EBITDA Flat, Sales Soft; Loyalty Tech and Cook-to-Order Changes Aim to Reignite Traffic
Good Times reported a Q1 revenue decline of roughly 10% to $32.7 million, yet managed to deliver flat adjusted EBITDA of $1.3 million versus last year and a marginal net income of $0.2 million, or $0....
- Total revenues fell about 10% year over year to $32.7 million for Q1 fiscal 2026.
- Adjusted EBITDA was flat at $1.3 million, matching Q1 2025, despite the current quarter having one fewer week.
- Net income to common shareholders was $0.2 million, or $0.02 per share, for both Q1 2026 and Q1 2025.
- +14 more takeaways
CleanSpark Fiscal Q1 2026 Earnings Call - Mining Funds Infrastructure Push into AI Data Centers
CleanSpark used Q1 results to recalibrate its identity. The company reported $181 million of revenue and maintained healthy gross margins above 47% from a >50 exahash mining footprint, but posted a ne...
- Revenue for Q1 FY26 was $181 million, down about 19% sequentially, with gross margin above 47% despite rising network difficulty and softer Bitcoin prices.
- Net loss of ~$379 million driven primarily by a ~$350 million mark-to-market write down on Bitcoin holdings; adjusted EBITDA was negative $295 million but normalized EBITDA would be about $55 million (≈30% normalized margin).
- CleanSpark operates a scaled mining footprint of more than 50 exahash per second and produced roughly flat Bitcoin volumes year over year, with realized revenue near $100,000 per Bitcoin in the quarter.
- +12 more takeaways
Reddit Q4 2025 Earnings Call - Breakout Year: $2.2B Revenue, $1B Buyback and Search Momentum
Reddit closed 2025 with a clean breakout year: $2.2 billion in revenue, triple-digit-like profitability expansion, and product momentum that gives the company a plausible path from community platform ...
- 2025 was a breakout year, revenue $2.2 billion, up 69% year over year; Q4 revenue $726 million, up 70% YoY.
- Q4 ad revenue was $690 million, up 75% YoY; advertising remains the core growth engine.
- Profitability surged: full-year net income $530 million; Q4 net income $252 million; Q4 adjusted EBITDA $327 million, 45% of revenue; full-year adjusted EBITDA $845 million, 38% margin.
- +13 more takeaways
Illumina Q4 2025 Earnings Call - Clinical consumables surge and NovaSeq X placements power return to growth
Illumina closed 2025 with clear momentum, led by clinical consumables growth and strong NovaSeq X placements that pushed the company back into ex-China growth. Q4 strength was broad enough to beat exp...
- Q4 revenue $1.16 billion, up 5% reported and 4% constant currency year-over-year.
- Excluding Greater China, Q4 revenue grew 7% year-over-year, driven by clinical demand and NovaSeq X utilization.
- Clinical consumables grew 20% ex-China in Q4 and mid-teens in H2 2025, cited as the primary growth engine.
- +12 more takeaways
Warner Music Group Q1 FY2026 Earnings Call - AI Partnerships and DSP Price Moves Accelerate Revenue, Margin, and Catalog Value
Warner delivered a third consecutive quarter of profitable growth as revenue rose 7% (constant currency) and adjusted OIBDA jumped 22%, driven by subscription streaming momentum, catalog syncs and a d...
- Q1 FY2026 revenue up 7% on a constant currency basis, driven by recorded music and publishing strength.
- Adjusted OIBDA grew 22% and adjusted margin expanded roughly 310 basis points, reaching about 25% in the quarter.
- Subscription streaming grew 11% reported, or 9% adjusted for notable items; ad-supported streaming grew 4%.
- +12 more takeaways
Ribbon Communications Q4 2025 Earnings Call - Strong Voice Modernization Bookings Mask Near-Term Revenue Delays
Ribbon closed 2025 with record product and professional services bookings, a widening voice-modernization pipeline, and accelerating wins in India. But Q4 revenue missed expectations as deployment tim...
- Revenue and earnings snapshot: Q4 revenue $227 million, down 10% year-over-year; FY 2025 revenue $845 million, up 1% versus prior year.
- Bookings and backlog: Product and professional services bookings hit record levels in Q4; cloud-and-edge bookings were 1.5x product and services revenue; IP optical bookings were 1.1x revenue.
- Voice modernization traction: Management booked roughly $50 million of non-Verizon voice modernization orders in Q4 across about a dozen customers, with ~25% shipped in Q4 and the remainder expected to recognize over roughly 15 months.
- +14 more takeaways
Exponent, Inc. Fourth Quarter and Fiscal Year 2025 Earnings Call - AI and Energy-Driven Demand Lift Proactive and Reactive Work, Guiding to High Single-Digit Growth in 2026
Exponent closed FY25 with a strong quarter driven by both proactive work, led by user research in consumer electronics and utility risk management, and reactive engagements such as failure analysis ac...
- Q4 net revenues were $129.4 million, up 5% year-over-year; total Q4 revenue was $147.4 million, up 8%.
- Adjusting for the one-week timing difference, management said Q4 net revenues would have grown in the low double digits and billable hours would have risen about 6% (vs reported -1%).
- Q4 EBITDA was $34.7 million, a 26.8% margin of net revenues, up versus 25.2% a year earlier; full-year EBITDA was $148.1 million with a 27.6% margin, down 80 basis points from 2024.
- +12 more takeaways
Verisign Q4 2025 Earnings Call - Domain Base Momentum and AI-Driven DNS Demand Propel Results, Board Declares Dividend
Verisign closed 2025 with clear momentum: domain registrations surged, utilization of its DNS infrastructure rose, and revenue and cash generation strengthened. Management points to AI as a durable dr...
- Domain momentum: Verisign added 4.5 million names in 2025, a 2.6% increase, finishing the year with a .com/.net base of 173.5 million names.
- Record registrations since 2021: New registrations in 2025 totaled 41.7 million names, the largest annual total since 2021.
- Q4 detail: Net registrations in Q4 2025 were 1.58 million, driven by 10.7 million new registrations versus 9.5 million in Q4 2024.
- +13 more takeaways