Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Enphase Energy Q2 2025 Earnings Call - Doubling Down on Batteries, Leases and Domestic Supply to Offset Tariff Shock and a Smaller 2026 TAM
Enphase reported Q2 revenue of $363.2 million, shipped ~1.53 million microinverters and 190.9 MWh of batteries, and generated $18.4 million of free cash flow. Margins remain healthy after a net IRA be...
- Q2 revenue $363.2 million, shipments ~1.53 million microinverters and 190.9 MWh of IQ batteries, free cash flow $18.4 million.
- Non-GAAP gross margin about 48.6%, GAAP gross margin 46.9%, Q2 results included ~$41.5 million of net IRA benefit.
- Q3 revenue guide $330 to $370 million, battery shipments 190 to 210 MWh, GAAP gross margin guidance 41% to 44% including tariff headwinds.
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Agilysys Q1 FY2026 Earnings Call - Subscription surge lifts record revenue, subscription growth guide raised to 27%
Agilysys opened fiscal 2026 with its 14th consecutive record quarter, reporting $76.7 million in revenue driven by a sharp jump in subscription sales. Subscription revenue accelerated roughly 44% year...
- Q1 FY2026 revenue was a record $76.7 million, the 14th consecutive quarter of record revenue, up about 21% year over year.
- Subscription revenue grew 44.3% year over year, driving most of the top-line acceleration and signaling stronger cloud adoption.
- Total recurring revenue (subscription plus annual maintenance) reached $48.6 million, or 63.4% of total revenue, a record proportion.
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Vicor Corporation Q2 2025 Earnings Call - IP Win and Patent Settlement Boost Q2 Results, Outlook Remains Lumpy
Vicor reported a sharp sequential rebound in Q2, with total product, licensing and litigation income of $141 million, driven largely by a patent litigation settlement that materially lifted gross marg...
- Total revenue for Q2 (product, licensing and patent settlement) was $141.0 million, up 50.1% sequentially and up 64.3% year over year from $85.9 million in Q2 2024.
- A material patent litigation settlement in the quarter was the primary driver of a consolidated gross margin of 65.3%, an 1810 basis point sequential increase.
- GAAP net income was $41.2 million, GAAP diluted EPS was $0.91 on a fully diluted share count of 45,077,000.
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Trustmark Corporation Q2 2025 Earnings Call - Raises Loan Growth Guide to Mid Single Digits as Credit Metrics Improve
Trustmark closed Q2 with momentum, nudging full-year loan growth guidance from low to mid single digits while tightening its NIM range and flagging stronger net interest income. Earnings beat a steady...
- Raised full-year loans held for investment growth guide to mid single digits, up from prior low-single-digit guidance.
- Loans held for investment increased $223 million, or 1.7% linked-quarter, and $374.8 million, or 2.9% year over year.
- Net interest income rose 4.3% linked-quarter to $161.4 million; net interest margin increased 6 basis points to 3.81%.
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Travel + Leisure Co. Q2 2025 Earnings Call - Vacation Ownership strength and higher VPGs offset Travel & Membership headwinds
Travel + Leisure reported a clean quarter driven by Vacation Ownership, not by a recovery in its travel exchange business. Revenue topped $1.02 billion, adjusted EBITDA was $250 million, and adjusted ...
- Company delivered revenue of $1.02 billion, adjusted EBITDA of $250 million, and adjusted EPS of $1.65, all up year over year.
- Vacation Ownership was the growth engine: VOI revenue $853 million, up 6% year over year, with tours up 3% in Q2 and VPG of $3,251, up 7% versus prior year.
- Management raised full-year VPG guidance to a $3,200 to $3,250 range, reflecting confidence in pricing and demand, while leaving gross VOI sales guidance unchanged at $2.4 billion to $2.5 billion.
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Pegasystems Q2 2025 Earnings Call - Blueprint-Fueled ACV Surge and Predictable AI Driving Cloud Momentum
Pegasystems leaned into its model-based architecture and Pega GenAI Blueprint to deliver a standout first half of 2025. Management tied a 16% reported ACV gain, a 60% year over year increase in net ne...
- Total ACV grew 16% year over year as reported, 14% in constant currency, exceeding $1.5 billion for the first time in company history.
- Net new ACV add accelerated 60% year over year in constant currency in the first half of 2025, a notable pickup in sales momentum.
- Pega Cloud ACV grew 28% as reported and 25% in constant currency, with management saying Blueprint is engaged in every sales campaign.
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Cleveland-Cliffs Q2 2025 Earnings Call - Tariffs and Tight Cost Control Lift EBITDA; Debt Paydown Is Priority
Cleveland-Cliffs reported a strong operational swing in Q2 2025, driven by higher shipments, better realized pricing, and explicit cost cuts. Volumes rose to 4.3 million tons (up 150k q/q), average se...
- Adjusted EBITDA improved by $271 million quarter over quarter in Q2 2025, driven by higher shipments, pricing gains, and lower unit costs.
- Shipments rose to 4.3 million tons in Q2, a 150,000 ton increase from Q1, enabling better mill utilization and lower per-ton costs.
- Average selling price (ASP) was $1,015/ton, up $35 sequentially, with pricing composition split among fixed annual contracts, CRU lags, slab agreements, and spot sales.
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Comerica Incorporated Q2 2025 Earnings Call - Loan Momentum Fuels Profit Bounce Despite Deposit Pressure
Comerica delivered a clear inflection in Q2: loans grew through the quarter (period-end +3%), EPS rose to $1.42 (up ~14% QoQ), and PPNR improved — even as average deposits edged down and deposit costs...
- EPS of $1.42 in Q2 2025, roughly a 14% increase versus the prior quarter.
- Average loans rose almost 1% in the quarter, with period-end loans up about 3%, driven by new production across most businesses.
- Management says loan pipelines are strong and momentum should support consistent H2 growth, excluding commercial real estate.
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ServisFirst Bancshares Second Quarter 2025 Earnings Call - Solid loan growth and margin lift after strategic bond portfolio restructure
ServisFirst reported a quarter of steady execution, growing loans while taking a deliberate hit to future earnings volatility. Net income was $61.4 million, EPS $1.12, and management highlighted rough...
- Reported net income of $61.4 million and diluted EPS of $1.12 for 2Q25, with pre-provision net revenue of $87.9 million.
- Loan growth remained solid, about 11% annualized net of payoffs, with management calling loan demand good but not exceptional and the pipeline robust.
- Commercial real estate payoffs were elevated, but management is replacing many payoffs with new projects, including tax credit and government-backed affordable housing deals.
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Simmons First National Corporation Q2 2025 Earnings Call - NIM hits 3% early as loan repricing and deposit remix drive profit momentum
Simmons reported a clean quarter where net interest margin crossed the 3.0% mark sooner than management expected, powered largely by loan repricing and a remix from higher cost deposits to lower cost ...
- Management did not add new formal 2025 guidance on the call, noting they typically issue outlooks in January and view recent first quarter nonrecurring items as noise.
- CEO and President expressed high confidence in executing performance targets, saying momentum and pace of improvement exceeded internal expectations.
- Net interest margin reached the 3.0% level ahead of schedule in Q2, driven primarily by loan repricing and improved deposit mix.
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