Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Booz Allen Hamilton Q3 FY2026 Earnings Call - Cost Cuts and Tech-First Pivot Offset Shutdown, Setting Stage for Margin Re-acceleration
Booz Allen beat a difficult quarter by tightening the cost base, leaning into outcome-based contracts and product sales, and doubling down on cyber, AI, and national security tech partnerships. Manage...
- Quarter results held to the revised October guidance despite the longest US government shutdown, with gross revenue of $2.6 billion, down about 10% year-over-year.
- Revenue ex billables fell about 7% in Q3, and after adjusting for shutdown timing effects consolidated revenue was down roughly 6% year-over-year.
- Management estimates the shutdown will reduce FY2026 revenue by ~$50 million and profit by ~$20 million, and shifted roughly $60 million of billable expenses from Q3 into Q4 for the national security portfolio.
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Ericsson Q4 2025 Earnings Call - Margins Hit 18% and SEK61bn Net Cash, Paving Way for Record SEK25bn Share Return
Ericsson closed 2025 with a cleaner P&L and the kind of cash pile boards like to brag about. Q4 organic growth surprised at 6%, adjusted EBITDA margin sat at roughly 18%, and net cash ended the year a...
- Q4 net sales were SEK 69.3 billion, with organic sales up 6% year on year, driven by all segments.
- Full-year net sales totaled SEK 236.7 billion, organic growth 2% for 2025 despite a SEK 13.9 billion negative currency impact.
- Adjusted gross margin reached about 48% in Q4 and 48.1% for the full year, supported by cost initiatives and operational efficiency.
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Cathay General Bancorp Fourth Quarter and Full Year 2025 Earnings Call - Q4 profit jumps 16.5% as provisions fall and NIM recovers, buyback nearly complete
Cathay General Bancorp reported a stronger Q4, with net income of $90.5 million, up 16.5% sequentially, and full-year net income of $315.1 million, a 10.1% rise year-over-year. Management credited the...
- Q4 net income of $90.5 million, up 16.5% from Q3; diluted EPS $1.33, up 18.3% sequentially.
- Full-year 2025 net income $315.1 million, a 10.1% increase versus 2024.
- Share repurchases: 1.1 million shares bought for $51.9 million at an average $47.15; $12 million remains under the June 2025 $150 million program, expected to complete in early February; management plans a new buyback program pending approvals.
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Capital One Q4 2025 Earnings Call - Brex deal accelerates business payments push, Discover integration stays on track
Capital One closed 2025 with solid headline profits but the call was dominated by strategy, not just numbers. Q4 delivered $2.1 billion in GAAP earnings, with adjusted results showing continued revenu...
- Capital One reported Q4 GAAP net income of $2.1 billion, or $3.26 per diluted share; full-year GAAP EPS was $4.03.
- Excluding discontinued home loans and other adjustments, Q4 EPS came in at $3.86; full-year adjusted EPS was $19.61.
- Capital One completed the sale of an $8.8 billion Discover Home Loans portfolio, producing a $483 million net gain on sale reported in discontinued operations after final purchase accounting adjustments.
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Sallie Mae Fourth Quarter and Full Year 2025 Earnings Call - PLUS reform could add ~$5B in annual originations, forcing a strategic pivot to partnership-funded growth
Sallie Mae closed 2025 with solid core results and an explicit strategic pivot. Full-year private education originations were $7.4 billion, GAAP EPS was $3.46, net charge-offs totaled $346 million (2....
- Company view: PLUS reform represents a large new TAM, estimated at roughly $5 billion in annual originations for Sallie Mae when fully phased in, equal to about 70% growth over 2025 originations assumptions.
- Strategic pivot: Sallie Mae launched a first-of-its-kind private credit strategic partnership in 2025, combining bank earnings predictability with capital efficiency and loan-sale risk transfer, including a minimum ~$2 billion new origination commitment timed to the academic year.
- Shift in funding/model: Management will deliberately sell a portion of newly originated loans into partnerships and warehouse representative samples quarter to quarter, materially changing balance sheet composition and reported credit metrics.
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Alcoa Corporation Q4 2025 Earnings Call - Strong Aluminum Momentum Offsets Alumina Pressure; Restarts and Site Monetizations Drive 2026 Value
Alcoa closed 2025 with strong aluminum-driven earnings and operational records at five smelters and one refinery, while alumina prices kept pressure on that segment. The company reported $3.4 billion ...
- Q4 revenue was $3.4 billion, driven by a 21% sequential rise in aluminum segment third-party revenue and higher shipments.
- Adjusted EBITDA for Q4 was $546 million, with adjusted net income of $335 million, or $1.26 per share, excluding special items.
- GAAP net income attributable to Alcoa was $226 million in Q4, with EPS of $0.85; special items netted $109 million of adjustments.
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"Intel Corporation" Q4 2025 Earnings Call - Supply squeezes cap short-term upside even as Intel 18A ships and foundry traction accelerates
Intel closed 2025 with clear momentum and a blunt admission. Demand is strong across AI PCs, traditional servers, networking, and custom ASICs, but internal supply shortfalls and memory/component cons...
- Q4 revenue $13.7 billion, at the high end of guidance, marking the fifth consecutive quarter above guide.
- Full-year 2025 revenue $52.9 billion, down slightly year over year, constrained by Intel's and external suppliers' manufacturing limits.
- Q4 non-GAAP gross margin 37.9%, about 140 basis points above guidance; Q4 non-GAAP EPS $0.15 versus guidance $0.08.
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Columbia Banking System Q4 2025 Earnings Call - Pac Premier lifts NIM and fees, but margin gains include one-offs
Columbia closed 2025 with a solid quarter and a clearer Western footprint after the Pacific Premier acquisition. Operating results were up sharply quarter over quarter, driven by the partial run rate ...
- Pac Premier acquisition closed in 2025 and materially affected Q4 results, with the combined company operating for about four months in 2025.
- Q4 operating pre-provision net revenue rose 27% and operating net income rose 19% sequentially, reflecting Pac Premier's partial run rate and balance sheet actions.
- Reported EPS was $0.72 GAAP and $0.82 operating in Q4, up 6% and 15% year over year for the quarter, respectively.
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Business First Bancshares Q4 2025 Earnings Call - Systems investments and deposit-led loan growth lift ROAA, but a single $25.8M CRE hits credit metrics
Business First closed 2025 with clear momentum: after two major core conversions and multiple platform implementations the bank converted investment into improved profitability. Q4 core ROAA accelerat...
- Q4 core ROAA 1.16%, full-year core ROAA 1.06% — management says momentum from 2025 investments is driving improved returns.
- Tangible book value up 17.3% year-over-year; tangible common equity increased ~90 bps and consolidated CET1 rose ~50 bps YoY.
- Bank completed two major core conversions and several platform implementations in 2025, positioning the franchise to scale and optimize in 2026.
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Associated Banc-Corp Fourth Quarter 2025 Earnings Call - Record 2025, accelerating C&I and deposit remix with American National deal
Associated closed 2025 with the strongest financial year in its history, driven by a deliberate remix from low-yield residential mortgages into relationship C&I and deposits. Q4 set records for quarte...
- Earnings: Q4 EPS $0.80, FY2025 EPS $2.77, the strongest year in company history.
- Net interest income: Q4 NII a record $310 million, NII up 15% for the year; Q4 NIM 3.06%.
- C&I-led loan growth: Added >$1.2 billion in relationship C&I in 2025; management targets 9%–10% C&I growth in 2026 (standalone).
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