Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Stryker Q4 & Full Year 2025 Earnings Call - Mako 4 Momentum, Double-Digit Growth and Margin Muscle Despite $400M Tariff Headwind
Stryker closed 2025 with a full-year sales milestone above $25 billion and sustained double-digit organic growth, powered by a blistering quarter for MedSurg, Instruments, Endoscopy and especially ort...
- Organic sales growth: 11% in Q4 2025 and 10.3% for the full year, lifting full-year sales above $25 billion.
- Adjusted EPS: Q4 adjusted EPS $4.47, up 11.5% year over year; full-year adjusted EPS $13.63, up 11.8%.
- Mako robotics became a core growth engine: more than 3,000 Mako systems installed worldwide, record installs in Q4 and rising utilization that now powers implant growth.
- +16 more takeaways
Axos Financial Q2 2026 Earnings Call - Strong organic loan growth offsets lower FDIC accretion, Verdant lifts fee income
Axos delivered a heavy quarter of growth and cleaner credit, driven by $1.6 billion of linked-quarter net loan growth, a sharply higher deposit base, and the first full-quarter contribution from the V...
- Net loan growth surged $1.6 billion quarter-over-quarter, driven by commercial specialty real estate, equipment finance, asset-based lending, fund finance, and single-family warehouse activity.
- Net interest margin was reported at 4.94% for Q2, up 19 basis points versus Q1, but adjusted NIM (excluding one-time FDIC prepayment and securitization impacts) was about 4.72% and roughly flat sequentially.
- One FDIC‑purchased loan prepaid in the quarter, producing approximately $17.1 million of accretion; management expects ongoing accretion from FDIC purchases to fall to roughly 10 to 15 basis points of NIM benefit going forward, with scheduled quarterly accretion of about $6.5 million on Signature loans.
- +12 more takeaways
Beazer Homes Q1 2026 Earnings Call - Solar, cost cuts and land sales create a path to EBITDA and book-value growth
Beazer opened fiscal 2026 with a soft December quarter but a clear, tightly scripted playbook: drive margin expansion through direct construction cost cuts and a shift toward higher‑ASP, energy‑effici...
- Q1 headline: 763 homes sold, sales pace 1.5 per community per month; 700 homes closed; home building revenue $359.7 million; ASP on closings $514,000.
- Reported home building gross margin 14% in Q1; excluding a litigation-related charge (~180 basis points) adjusted margin was about 15.8%, roughly in line with guidance.
- One-time litigation charge: $6.4 million pre-tax, $0.23 per share impact, tied to an attached-product community that began in 2014.
- +11 more takeaways
SanDisk Second Quarter Fiscal 2026 Earnings Call - AI-driven NAND Shortage Forces Multi‑Year Supply Deals and a Higher Margin Reset
SanDisk reported a blowout Q2: revenue $3.025 billion, non-GAAP EPS $6.20, and a dramatic margin rebound as AI demand robs the old cyclical script. Data center revenue jumped 64% sequentially, driven ...
- Q2 revenue $3.025 billion, up 31% sequentially and 61% year-over-year; non-GAAP EPS $6.20 versus $1.22 in prior quarter.
- Non-GAAP gross margin jumped to 51.1% (51.9% ex $24M startup cost), from 29.9% in prior quarter, driven primarily by higher pricing and expected unit cost declines.
- Q3 guidance is aggressive: revenue $4.4–$4.8 billion, non-GAAP gross margin 65–67%, non-GAAP EPS $12–$14 (assumes 157 million fully diluted shares).
- +12 more takeaways
Credit Acceptance Corporation Fourth Quarter 2025 Earnings Call - New CEO pushes tech and dealer-first fixes as volumes and credit performance slip
Credit Acceptance reported a mixed quarter, with adjusted EPS rising even as loan performance and origination volumes weakened. The company financed roughly 72,000 contracts, collected $1.3 billion, a...
- Adjusted EPS grew in Q4 despite declining loan performance and lower origination volumes, signaling operating resilience under stress.
- Credit Acceptance financed nearly 72,000 contracts in Q4 and collected $1.3 billion, while paying $48 million in dealer holdback and accelerated holdback.
- Active dealers were about 9,800 in the quarter, a 2.8% year-over-year decline, and average unit volume per active dealer fell 6.4% year over year.
- +11 more takeaways
AppFolio Q4 2025 Earnings Call - AI-native platform drives unit growth toward $1B revenue milestone
AppFolio closed 2025 with strong top-line momentum: Q4 revenue was $248 million, up 22% year-over-year, and full-year revenue reached $951 million, a 20% increase. The company ended the year with 9.4 ...
- Q4 revenue $248 million, up 22% year-over-year; full-year 2025 revenue $951 million, up 20% year-over-year.
- AppFolio ended Q4 with ~9.4 million units under management from 22,096 customers, an 8% increase in units and 6% increase in customers versus prior year.
- Management added over 500,000 units in the second half of 2025 alone, signaling acceleration in new-business wins.
- +11 more takeaways
Dolby Laboratories Q1 FY2026 Earnings Call - Raises Full-Year Guidance After Early Deals and $7M True-Up
Dolby reported a stronger-than-expected start to fiscal 2026 with revenue of $347 million and non-GAAP EPS of $1.06, both above the high end of guidance. Licensing was $320 million, product and servic...
- Revenue $347 million, above the high end of guidance, driven by earlier-than-expected deals and a $7 million favorable true-up for Q4 shipments.
- Non-GAAP EPS $1.06, also above the high end of prior guidance.
- Licensing revenue $320 million; product and services revenue $27 million.
- +12 more takeaways
Deckers Brands Q3 Fiscal 2026 Earnings Call - HOKA Fuels Revenue Raise While Tariffs Loom
Deckers blew past expectations in Q3, driven by a breakout HOKA and a record UGG quarter, allowing management to raise full-year guidance. Revenue reached $1.96 billion, up 7% year over year, with HOK...
- Q3 revenue $1.96 billion, up 7% year over year, beating prior expectations.
- HOKA led the quarter with 18% revenue growth to $629 million, contributing $98 million incremental revenue versus last year.
- UGG delivered a record quarter at $1.3 billion, up 5% year over year and adding $61 million incremental revenue.
- +11 more takeaways
Schneider National Fourth Quarter 2025 Earnings Call - Supply Rationalization Underway, 2026 Guide $0.70-$1.00
Schneider reported a disappointing fourth quarter after November and much of December came in far softer than expected, driven by a truncated peak season, severe Midwest weather and unplanned auto pro...
- Q4 results missed expectations: revenues ex-fuel $1.3 billion (+4% y/y), adjusted income from operations $38 million (-15% y/y), adjusted diluted EPS $0.13 vs $0.20 prior year.
- Weakness concentrated in November and much of December, blamed on a truncated peak season, severe Midwest weather and unplanned automotive production shutdowns affecting dedicated volumes.
- Management observed a sharp late-December tightening tied to capacity exits, which they attribute to regulatory enforcement rather than a short-term event; expect capacity normalization to play out over quarters.
- +15 more takeaways
ResMed Q2 FY2026 Earnings Call - Margin Lift and GLP-1 Tailwind Turn Noise into Growth
ResMed reported a strong December quarter: $1.42 billion in revenue, mid-teens EPS growth, and gross-margin expansion driven by supply-chain gains. Management highlighted accelerating masks and access...
- Revenue $1.42 billion in Q2 FY2026, up 11% headline and 9% on a constant currency basis.
- GAAP diluted EPS rose 16% year-over-year; net income increased about 15% for the quarter.
- Gross margin expanded by ~110 basis points year-over-year and is now in the low 60s, with FY26 guidance for gross margin of 62% to 63%.
- +13 more takeaways