Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Incyte Third Quarter 2025 Earnings Call - mCALR data could unlock multi-year growth beyond Jakafi
Incyte delivered a clean quarter: $1.37 billion in total revenue and $1.15 billion in product sales, with Jakafi, Opzelura, and new hematology launches driving the beat. Management raised full-year Ja...
- Total Q3 revenue $1.37 billion, product sales $1.15 billion, up 20% and 19% year over year respectively.
- Jakafi Q3 sales were $791 million, up 7% year over year, with demand growth of about 10% and full-year Jakafi guidance raised to $3.05 billion to $3.075 billion.
- Net product revenue guidance for 2025 raised to $4.23 billion to $4.32 billion; OpEx guidance remains $3.25 billion to $3.31 billion.
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SoFi Technologies Q3 2025 Earnings Call - Record growth and shift to capital-light fee revenue while accelerating crypto and AI bets
SoFi posted a blowout Q3: record member and product additions powered revenue that topped $950 million, with fee and capital-light businesses now generating the majority of sales. Management is simult...
- Membership and product momentum was exceptional: 905,000 new members in Q3, total members 12.6 million, and a record 1.4 million new products, bringing total products to over 18.6 million.
- Record top line and profitability: adjusted net revenue $950 million, up 38% year over year; adjusted EBITDA $277 million, a 29% margin; net income $139 million and EPS $0.11.
- Shift toward capital-light revenue: financial services plus tech platform revenue reached $534 million, up 57% year over year, representing an increasing share of total revenue at 56%.
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SoFi Technologies Q3 2025 Earnings Call - Record revenue and rapid shift to capital-light, fee-based growth while doubling down on crypto and AI
SoFi reported a blowout Q3: record $950 million adjusted net revenue (up 38% y/y), $277 million adjusted EBITDA (29% margin), and a continued move from balance-sheet lending toward fee-heavy, capital-...
- Record top-line and profitability: Adjusted net revenue $950M (+38% y/y), adjusted EBITDA $277M (29% margin), net income $139M, EPS $0.11.
- Membership and product acceleration: Added 905,000 members in Q3 (total 12.6M, +35% y/y) and 1.4M new products (total ~18.6M, +36% y/y).
- Cross-buy improving: 40% of new products were opened by existing SoFi members, the highest since 2022 and up every quarter for the last four quarters.
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Axalta Coating Systems Q3 2025 Earnings Call - Record margins and EPS despite sales weakness, management doubles down on buybacks
Axalta reported a strong Q3 2025 operational quarter: record adjusted EBITDA and adjusted diluted EPS even as net sales slipped amid North American macro weakness and refinish destocking. Management c...
- Q3 net sales about $1.3 billion, down ~2% year over year, with North America the primary drag.
- Q3 adjusted EBITDA hit a quarterly record of $294 million, with an adjusted EBITDA margin of 22.8%, marking 12 consecutive quarters of YoY adjusted EBITDA and margin growth.
- Adjusted diluted EPS was a quarterly record $0.67, up 6% year over year, helped by lower interest expense and fewer shares outstanding.
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Axalta Coating Systems Q3 2025 Earnings Call - Record margins and aggressive buybacks as demand softens
Axalta reported a quarter of stronger profitability against softer top line trends, posting record adjusted EBITDA and adjusted diluted EPS while navigating mid single digit revenue declines. Manageme...
- Net sales about $1.3 billion in Q3 2025, down 2% year over year, with North America cited as the primary soft spot.
- Adjusted EBITDA hit a quarterly record of $294 million, yielding a company adjusted EBITDA margin of 22.8%, the twelfth consecutive quarter of year over year margin expansion.
- Adjusted diluted EPS was $0.67, up 6% year over year, another quarterly record driven by lower interest expense and share reduction.
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NXP Semiconductors Q3 2025 Earnings Call - Nascent Auto and Industrial Upcycle, Restocking Still Pending
NXP beat Q3 guidance modestly, reported $3.17 billion revenue, and is guiding to $3.3 billion for Q4 as management cites strengthening order signals across automotive and industrial IoT. The company s...
- Q3 revenue $3.17 billion, down 2% year over year, up 8% sequentially, $23 million above guidance midpoint.
- Non-GAAP EPS $3.11, a penny above guidance; non-GAAP operating margin ~33.8%, about 170 basis points below prior year.
- Q4 guidance: revenue $3.3 billion at midpoint, up 6% year over year and up 4% sequentially, with non-GAAP gross margin targeted at 57.5% and operating margin ~34.6% at midpoint.
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FTAI Aviation Ltd. Q3 2025 Earnings Call - SCI Upsized to $6B Deployment and Engine MRE Pivot Fuels Cash Flow Surge
FTAI closed Q3 by turning its strategy into scale. The company upsized its Strategic Capital Initiative to $2 billion of equity, pushing a $6 billion deployment target and a 375-aircraft portfolio by ...
- FTAI upsized its 2025 Strategic Capital Initiative to $2.0 billion of equity, increasing expected total deployment to over $6 billion and a roughly 375-aircraft portfolio, with full deployment now targeted by mid-2026.
- FTAI will co-invest about $380 million in the SCI, including $152 million invested year to date, holding a 19% minority equity interest versus an original 20% plan.
- The SCI’s Maintenance Repair Exchange agreement locks in fixed-price engine exchanges for the partnership, creating a multi-year, contracted pipeline of rebuild demand for FTAI’s aerospace products business.
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Alkermes Third Quarter 2025 Earnings Call - Raising Guidance and Buying Avadel to Accelerate Sleep Franchise
Alkermes outperformed near-term expectations, raised full-year 2025 guidance, and announced a deal to acquire Avadel, a move that immediately expands Alkermes into sleep medicine with Lumryz and bolst...
- Raised full-year 2025 guidance: total revenues $1.43–$1.49 billion, GAAP net income $230–$250 million, EBITDA $270–$290 million, adjusted EBITDA $365–$385 million.
- Q3 results: total revenues $394.2 million, proprietary product net sales $317.4 million, up 16% year-over-year.
- Announced proposed acquisition of Avadel Pharmaceuticals, expected close in Q1, which adds Lumryz (expected 2025 net revenue $265–$275 million) and an established sleep-commercial infrastructure.
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Carrier Q3 2025 Earnings Call - Residential Destocking Forces Deep Inventory Reset Even as Commercial and Data Center Growth Accelerate
Carrier reported Q3 roughly in line with guidance, but the quarter was dominated by a sudden, severe pullback in North American residential HVAC. That destocking cost roughly $500 million of sales and...
- Q3 results largely matched the mid-September update: reported sales $5.6bn, adjusted operating profit $823m, adjusted EPS $0.67.
- North American residential (CSA resi) weakness equated to about a $500m sales shortfall and a 20% to 25% adjusted EPS headwind in the quarter.
- Carrier is executing an aggressive inventory reset: field inventories down 12% YoY at end-Q3, down another ~10 percentage points since the start of the month, and management expects field inventories to be 30% lower YoY by year-end, the lowest since 2018.
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Curbline Properties Corp. Third Quarter 2025 Earnings Call - $750M+ Acquisition Pace and Raised OFFO Guidance Back Double-Digit FFO Growth
Curbline used its first year as a stand-alone REIT to sprint, not stroll. The company raised full-year OFFO guidance, penciling in roughly $750 million of 2025 acquisitions and forecasting double-digi...
- Raised 2025 OFFO guidance to $1.04 to $1.05 per share, driven by stronger operations and accelerated acquisition pacing.
- Now expects ~ $750 million of 2025 investments, up from an initial $500 million target, with upside potential.
- Q3 NOI rose 17% sequentially, attributed to rent commencement timing and acquisition volume.
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