Earnings Call Transcripts
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All Earnings Calls
Tesla Q3 2025 Earnings Call - Unsupervised FSD Imminent, Production Expansion to Follow
Tesla told investors this quarter the narrative is shifting from promise to deployment. Management says unsupervised Full Self-Driving is now on a clear path, with safety drivers expected to be remove...
- Management says unsupervised Full Self-Driving is at a clear inflection point, with safety drivers expected to be removed in large parts of Austin within months and full removal in Austin shortly thereafter.
- Tesla expects to operate robotaxi services in about 8–10 metro areas by year-end, subject to local regulatory approvals, naming Nevada, Florida, Arizona among targets.
- Robotaxi fleet milestones: Austin fleet has driven more than 250,000 unsupervised miles, Bay Area fleet has crossed more than 1 million supervised miles, and customers have used supervised FSD for roughly 6 billion miles cumulatively.
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SAP Q3 2025 Earnings Call - AI-infused cloud suite fuels 27% cloud growth and underpins revenue acceleration through 2027
SAP delivered a clean quarter of execution, with cloud revenue up 27%, current cloud backlog up 27% to about €18.8 billion, and cloud gross margin near 75%. Cloud ERP suite remains the engine, growing...
- Cloud momentum remains real, cloud revenue grew 27% in Q3, and cloud gross margin expanded to roughly 75%, showing the business is scaling profitably.
- Current cloud backlog (account cloud backlog) rose 27% to about €18.8 billion, providing sizable near-term visibility but leaving Q4 conversion as the critical execution point.
- Cloud ERP suite is the growth engine, up 31% for its 15th consecutive quarter above 30%, representing 87% of cloud revenues and over 100% of the year on year increase in cloud revenue.
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IBM Q3 2025 Earnings Call - AI and IBM Z17 Drive 7% Revenue Acceleration, Free Cash Flow Raised to ~$14B
IBM reported a clear inflection in Q3 2025, with revenue growth accelerating to 7% and across-the-board sequential gains. Management pinned the acceleration on AI adoption and hybrid cloud execution: ...
- Revenue accelerated to 7% in Q3 2025, the highest growth in several years, with all segments accelerating sequentially.
- IBM raised full-year revenue guidance to more than 5% and free cash flow to about $14 billion for 2025.
- Software revenue grew 9% in the quarter, driven by subscription ARR and AI-infused products; high-value annual recurring revenue rose to $23.2 billion, up 9% year over year.
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Raymond James Financial Fiscal Q4 2025 Earnings Call - Record year, heavy recruiting and AI spend, loan growth powers bank while rate cuts bite near-term income
Raymond James reported a fifth consecutive year of record revenues and net income, driven by broad-based strength across Private Client Group, Capital Markets, Asset Management, and Bank. Fiscal 2025 ...
- Company delivered fifth consecutive year of record revenues and record net income; fiscal 2025 net revenues were $14.1 billion, up 10% year over year.
- Quarterly net revenues were $3.7 billion, up 8% year over year and 10% sequentially; pre-tax income for the quarter was $731 million, down 4% year over year and up 30% sequentially.
- Record client assets across the firm of $1.73 trillion, and Private Client Group assets under administration reached a record $1.6 trillion, up 11% year over year.
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Lam Research September Quarter 2025 Earnings Call - Record revenue and margins, China restrictions to cut ~$600M from 2026
Lam reported a clean beat in the September quarter, delivering record revenue of $5.3 billion, a 50.6% gross margin and a 35% operating margin, driven by strong foundry demand, NAND upgrades, and serv...
- September quarter records: revenue $5.3 billion, gross margin 50.6%, operating margin 35%, all-time highs post-Novellus.
- December quarter guide: revenue $5.2 billion plus or minus $300 million; gross margin guide 48.5% plus or minus 1%; operating margin guide ~33% plus or minus 1%; EPS $1.15 plus or minus $0.10 on ~1.26B shares.
- 50% affiliate rule impact: management expects roughly $200 million revenue impact in the December quarter and about $600 million in calendar 2026 from restricted shipments to certain domestic China customers.
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Alcoa Corporation Third Quarter 2025 Earnings Call - Midwest Premium Reaches Import Parity, Shifting North American Flows
Alcoa closed Q3 2025 with operational momentum and a complicated financial picture. Production records at five smelters and a newly improved Midwest premium that now covers import logistics and the 50...
- Q3 revenue was $3.0 billion, down 1% sequentially; net income attributable to Alcoa was $232 million, driven by a $786 million gain on the sale of its 25.1% interest in Modern Joint Venture and a $267 million favorable mark-to-market on Modern shares.
- On an adjusted basis, Alcoa reported a net loss of $6 million, or $0.02 per share; adjusted EBITDA was $270 million.
- Three one-time items materially impacted Q3 results: Kwinana Refinery permanent closure charges and restructuring totaling $895 million, sale of Modern JV interest, and a sizable increase to asset retirement obligations, primarily in Brazil.
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Texas Capital Bancshares Q3 2025 Earnings Call - Hit 1.3% ROA, Record Revenue and Proof of a Four-Year Turnaround
Texas Capital delivered a milestone quarter, reporting a 1.3% return on average assets, beating the 1.1% target set at the start of its four-year transformation. Results were broad based: record total...
- Quarterly milestone: 1.3% return on average assets, above the previously communicated 1.1% target and cited as the endpoint of the four-year transformation.
- Record financials: total revenue $340 million, adjusted pre-provision net revenue $149.8 million, net income to common $100.9 million, EPS $2.18, tangible book value per share $73.02.
- Capital rebuilt: tangible common equity to tangible assets reached an all-time high of 10.25%, and CET1 finished at 12.14%, up 69 basis points quarter over quarter.
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Robert Half Third Quarter 2025 Earnings Call - Early Sequential Revenue Turnaround, Q4 Guides to Positive Same-Day Growth
Robert Half reported Q3 2025 revenues of $1.354 billion, down 8% year over year, with EPS of $0.43 versus $0.64 a year ago, broadly in line with guidance. Management flagged improving weekly contract ...
- Q3 2025 total revenues $1.354 billion, down 8% year over year on both reported and adjusted bases.
- Q3 2025 net income per share $0.43, versus $0.64 in Q3 2024; results were in line with the midpoint of prior guidance.
- Company highlighted improving weekly contract talent revenue trends in September and early October, with an implied sequential growth rate of roughly 1.5% to 2% if extrapolated.
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Century Communities Third Quarter 2025 Earnings Call - Cost Cuts Boost Margins, But Incentives Threaten Q4
Century Communities posted a resilient quarter in a soft housing market, delivering 2,486 homes and reporting sequential margin improvement driven by a 3% year to date drop in direct construction cost...
- Deliveries of 2,486 homes in Q3 hit the high end of guidance, down 4% sequentially, with home sales revenue of $955 million and average sales price of $384,000.
- Adjusted homebuilding gross margin improved to 20.1% in Q3 (GAAP margin 17.9%), aided by lower direct costs that are down about 3% year to date.
- Management says incentives were roughly 1,100 basis points on closed homes in Q3, below prior internal forecasts, but expects incentives to rise by up to another 100 basis points in Q4 as builders compete for year end closings.
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WD-40 Company Q4 FY2025 Earnings Call - Gross margin tops 55% as company sharpens focus on maintenance products
WD-40 reported a resilient finish to FY2025 with pro forma net sales up 6% and a full-year gross margin that cleared the company target, signaling margin recovery a year ahead of plan. Management doub...
- Consolidated reported net sales: $163 million in Q4 and $620 million for FY2025, each about 5% year over year growth.
- Pro forma net sales adjusted for currency were $603 million for FY2025, a 6% increase over pro forma FY2024, matching guidance.
- Maintenance products account for ~95% of net sales, with Q4 maintenance sales of $156 million and full-year $591 million, each up 6% year over year.
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