Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Azenta FQ1 2026 Earnings Call - Turnaround Intact, But Automated Stores Quality Hits Margins; H2 Acceleration Expected
Azenta says the turnaround is real, but the first quarter looks like a classic mid-course stumble. Reported revenue was $149 million, essentially flat organically (-1%) with margin pressure from under...
- Total revenue for Q1 FY2026 was $149 million, up 1% reported and down ~1% organically, with a 2% FX headwind.
- Gross margin declined to 44.1% in Q1, a 360 basis-point drop year-over-year, driven by underutilized North America lab capacity and rework costs on Automated Stores projects.
- Adjusted EBITDA was $13 million, an 8.5% margin, down roughly 230 basis points year-over-year; non-GAAP EPS was $0.09 for the quarter.
- +11 more takeaways
Atmos Energy Q1 FY2026 Earnings Call - Rebased Guidance After Texas HB 4384; Q1 EPS $2.44 on $1B Capex Focused on Safety
Atmos Energy reported a resilient start to fiscal 2026, posting net income of $403 million, or $2.44 per diluted share, while investing roughly $1 billion in the quarter with more than 85% directed to...
- Q1 FY2026 net income was $403 million, or $2.44 per diluted share, a 9.4% year over year increase.
- Company spent approximately $1.0 billion in Q1, with over 85% of capex allocated to distribution, transmission, and underground storage safety and reliability upgrades.
- Rebased FY2026 EPS guidance remains $8.15 to $8.35 after considering Texas House Bill 4384.
- +12 more takeaways
Weatherford International Q4 2025 Earnings Call - Q4 cash conversion spikes after Mexico collections
Weatherford closed 2025 on firmer footing, powering a Q4 surge in free cash flow that the company says validates its operating reset. Q4 adjusted free cash flow was $222 million, a 76% conversion, and...
- Q4 adjusted free cash flow was $222 million, representing a 76.3% adjusted free cash flow conversion for the quarter.
- Full‑year 2025 adjusted free cash flow totaled $466 million, a 43.7% conversion, materially higher than 2024.
- Q4 adjusted EBITDA margin was 22.6%, up about 74 basis points sequentially, reflecting cost actions and mix improvement.
- +13 more takeaways
Novartis Q4 2025 Earnings Call - Hit 40% Core Margin Early, Navigating Largest Ever 2026 Patent Cliff
Novartis closed 2025 with steady top-line momentum and a financial reset that will define 2026. The company delivered 8% sales growth and 14% core operating income growth for the year, reaching a 40.1...
- Full-year 2025: sales +8% and core operating income +14%, achieving a 40.1% core margin two years ahead of plan (CHF 21.9 billion core operating income).
- Record free cash flow of CHF 17.6 billion in 2025, enabling continued R&D investment, buybacks and dividend growth.
- Q4 2025 was down 1% in sales and core operating income up 1%, but underlying Q4 sales would have been +3% excluding out-of-period US R&D/gross-to-net adjustments tied to generics and Entresto LOE.
- +12 more takeaways
Fox Corporation Q2 FY2026 Earnings Call - Advertising strength and streaming scale mask rising costs
Fox reported steady top-line momentum driven by an advertising rebound across news, sports, and streaming, and accelerating streaming scale at Tubi and the newly launched FOX One. Total revenue was up...
- Total company revenue of $5.18 billion, up 2% year over year for Q2 FY2026.
- Adjusted EBITDA declined to $692 million from $781 million a year ago, driven by higher expenses tied to sports rights and digital growth initiatives.
- Net income attributable to shareholders was $229 million, or $0.52 per share, versus $373 million, or $0.81, in the prior year; adjusted EPS was $0.82.
- +17 more takeaways
Gladstone Investment Q3 FY2026 Earnings Call - NAV Jump from Equity-Led Gains, NII Softens
Gladstone Investment reported a quarter where the headline moved to NAV, not cash income. NAV climbed to $14.95 from $13.53, driven by $70.2 million of net unrealized appreciation largely tied to EBIT...
- Adjusted net investment income (adjusted NII) was $0.21 per share for Q3 FY2026, down from $0.24 the prior quarter, totaling $8.2 million on an adjusted basis.
- On a GAAP basis the company reported a net investment loss of $6.5 million versus net investment income of $4.3 million in the prior quarter, driven primarily by a $9.9 million accrual of capital gains-based incentive fees.
- Net asset value rose to $14.95 per share from $13.53, driven by $70.2 million of net unrealized appreciation and $0.09 per share of net realized gains.
- +12 more takeaways
Silicon Motion Technology Corporation Q4 2025 Earnings Call - Betting on Record 2026 Despite NAND/DRAM Shortages via NAND Ties and Product Ramps
Silicon Motion closed Q4 2025 with stronger than expected sales and margins, and management is forecasting a record 2026 driven by product ramps and deep ties with NAND makers. Q4 sales were $278.5 mi...
- Q4 2025 revenue $278.5 million, up 15% sequentially and over 45% year-on-year, beating guidance and surpassing the $1 billion run rate target set earlier.
- Q4 non-GAAP gross margin 49.2% and non-GAAP operating margin 19.3%; EPS per ADS was $1.26.
- Management expects 2026 to be a record revenue year and projects sequential quarter-on-quarter growth throughout 2026; Q1 is expected to be the lowest quarter of 2026 per the CEO, but CFO guides Q1 revenue up 5%–10% to $292M–$306M versus Q4 2025.
- +14 more takeaways
Reynolds Consumer Products Q4 2025 Earnings Call - Share Gains and Margin Resilience, 2026 EBITDA Guided Roughly Flat
Reynolds closed 2025 with retail share gains across most core categories while navigating meaningful commodity and tariff pressure. Q4 showed sequential improvement, broad-based share performance in H...
- Q4 2025 net revenues were $1.03 billion, up 1% versus Q4 2024; full-year 2025 net revenues were $3.7 billion, also up 1% year over year.
- Q4 Adjusted EBITDA was $220 million, a 3% increase versus the year-ago quarter, and it was the only quarter of EBITDA growth in 2025; full-year Adjusted EBITDA was $667 million versus $678 million in 2024.
- Adjusted EPS was $0.59 in Q4 2025 versus $0.58 a year ago; full-year adjusted EPS was $1.64 versus $1.67 in 2024, noting a 2024 one-time tax benefit being lapped.
- +12 more takeaways
Evercore Fourth Quarter and Full Year 2025 Earnings Call - Record Revenues and Diversified Momentum Heading into 2026
Evercore closed 2025 with its strongest financial performance ever, posting adjusted net revenue of about $3.9 billion for the year, up 29% versus 2024, and a record fourth quarter near $1.3 billion. ...
- Record revenue year: Adjusted net revenue of approximately $3.9 billion for 2025, up 29% versus prior year and 17% above the prior record in 2021.
- Best quarter ever: Q4 2025 adjusted net revenue nearly $1.3 billion, the strongest revenue quarter in firm history.
- Big margin and profit improvement: Full-year adjusted operating income of $839 million, up 50%, and adjusted EPS of $14.56, up 55% year over year.
- +13 more takeaways
Boston Scientific Q4 2025 Earnings Call - Confident 2026 guide: 10%-11% organic growth powered by EP PFA and Watchman
Boston Scientific closed 2025 with broad-based momentum, beating guidance and pushing a 2026 plan that leans heavily on EP pulsed field ablation and Watchman adoption. Q4 revenue of $5.286 billion (re...
- Q4 2025 revenue was $5.286 billion, reported growth +15.9% versus Q4 2024; operational growth excluding a $74 million FX tailwind was 14.3% for the quarter.
- Full-year 2025 revenue was $20.074 billion, reported growth +19.9%; organic revenue growth for the year was 15.8%, above prior guidance.
- Q4 adjusted EPS was $0.80 (up 15% year over year); full-year adjusted EPS was $3.06 (up 22%), marking the third straight year of 20%+ adjusted EPS growth.
- +12 more takeaways