Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Micron Technology Fiscal Q1 2026 Earnings Call - Supply Constrained Amid Surging AI-Driven Memory Demand
Micron Technology posted record fiscal Q1 2026 results with revenue, gross margin, and EPS exceeding expectations, driven by tight supply in DRAM, NAND, and especially HBM fueled by AI data center gro...
- Fiscal Q1 2026 revenue of $13.6B set a new record, up 57% YoY and 21% sequentially, with DRAM revenue at $10.8B and NAND revenue at $2.7B both reaching records.
- Gross margin rose sharply to 56.8%, up 11 points sequentially driven by strong pricing, mix, and cost execution.
- HBM total addressable market (TAM) projected to grow at 40% CAGR to $100B by 2028, two years ahead of prior forecasts, surpassing entire 2024 DRAM market size.
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Optex Systems Holdings Fiscal 2025 Earnings Call - Strong Revenue Growth and Leadership Transition Set Stage for 2026
Optex Systems Holdings reported a robust fiscal 2025 with revenue growth of 21.6% driving a 47.9% jump in operating income to $7.1 million. Gross profit margins improved to 29.2%, benefiting from high...
- Revenue grew 21.6% in fiscal 2025, driving gross profit margin expansion to 29.2% from 28% the prior year.
- Operating income increased 47.9% year-over-year to $7.1 million, owing mainly to higher gross profits.
- Adjusted EBITDA improved by $2.3 million to $8 million, reflecting stronger revenue and cost efficiencies.
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Duluth Trading Q3 2025 Earnings Call - Successful Promotional Reset Drives Gross Margin Expansion Amid Sales Decline
Duluth Trading reported a mixed third quarter with net sales down nearly 10%, consistent with previous quarters, yet exhibiting significant progress in profitability and operational efficiency. Throug...
- Duluth Trading cut global promotional days by more than 50% year-over-year, prioritizing shallower discounts and higher margin sales.
- Net sales declined 9.6% in Q3 2025, continuing a downward trend consistent with Q1 and Q2 results.
- Gross margin expanded 150 basis points to 53.8%, driven by effective promotional reset, tariff mitigation, and direct-to-factory sourcing benefits.
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Lennar 4Q 2025 Earnings Call - Navigating Affordability Challenges with an Asset-Light, Efficiency-Driven Strategy
Lennar closed 2025 amid a stubbornly tight housing market marked by persistently high interest rates, affordability constraints, and dampened consumer confidence. Despite margin pressures and the head...
- Lennar faced a difficult housing market in 4Q 2025 with affordability and consumer confidence limiting demand despite marginally lower mortgage rates.
- The company maintained volume, grew market share, and expanded community count by 18% to 1,708 communities, supporting a 3% delivery growth outlook for 2026.
- Margins compressed to 17% in 4Q due to higher sales incentives of about 14%, down only slightly from earlier quarters, impacting profitability despite volume success.
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Toro Company Q4 2025 Earnings Call - Strong Operational Execution Fuels Margin Growth and Raised AMP Savings Target
Toro Company closed fiscal 2025 with robust execution, delivering Q4 and full-year results that slightly beat expectations despite a slow economy. The professional segment, which represents 80% of rev...
- Toro's Q4 net sales reached $1.07 billion, exceeding expectations, with professional segment margin rising to 19.2%.
- Full-year 2025 consolidated net sales were $4.5 billion, down 1.6% vs. 2024, impacted mostly by divestitures.
- Adjusted EPS for the year was $4.20, beating guidance and prior year despite economic headwinds.
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Natuzzi S.p.A. Q3 2025 Earnings Call - Strategic Restructuring and Margin Improvement Amid Weak Consumer Traffic
Natuzzi S.p.A. reported a mixed third quarter with improved gross margins driven by a favorable sales mix, specifically an 18% increase in higher-margin Natuzzi Italia sales and a 20% decrease in unbr...
- Gross margin improved in Q3 2025, surpassing H1 levels due to a favorable sales mix.
- Natuzzi Italia sales grew 18% year-over-year, boosting margins; unbranded products declined 20%.
- Foot traffic remains weak in stores across the U.S. and Europe despite increased marketing efforts; conversion rates improved but not enough to offset traffic decline.
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Jabil Q1 FY26 Earnings Call - Accelerated AI-Driven Growth Lifts Full-Year Outlook by $1.1 Billion
Jabil's Q1 fiscal 2026 results surpassed expectations across revenue, operating income, margins, and earnings per share. The Intelligent Infrastructure segment, powering AI and data center expansions,...
- Jabil reported Q1 FY26 net revenue of $8.3 billion, at the high end of guidance, with core operating income of $454 million and core operating margin of 5.5%.
- Core diluted EPS was $2.85, hitting the upper end of guidance.
- Intelligent Infrastructure segment revenue was $3.9 billion, beating expectations with strong cloud, data center infrastructure (DCI), and networking demand, especially for AI-related liquid-cooled platforms.
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Worthington Enterprises Q2 2026 Earnings Call - Strong Revenue Growth and Strategic Acquisitions Drive Momentum
Worthington Enterprises reported a robust second quarter fiscal 2026 with revenue up 19% year-over-year, driven by organic growth and the recent Elgen acquisition. Adjusted EBITDA increased by 8%, and...
- Worthington Enterprises achieved 19% revenue growth in Q2 2026, with organic growth of 10% excluding Elgen.
- Adjusted EBITDA grew by 8% year-over-year, reaching $284 million over the last 12 months, with margins improving from 20% to nearly 23%.
- SG&A expenses declined by 320 basis points as a percentage of sales, reflecting strong operational leverage.
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ABM Industries Q4 2025 Earnings Call - Record Revenue and Strategic Semiconductor Acquisition Propel 2026 Growth Outlook
ABM Industries closed fiscal 2025 with record revenues of $8.7 billion and strong organic growth of 4.8% in Q4, beating expectations despite a $0.26 per share drag from prior-year self-insurance adjus...
- ABM achieved record quarterly revenue of $2.3 billion in Q4 2025, driven by 4.8% organic growth and strong performance in Technical Solutions, Aviation, and Manufacturing & Distribution.
- Full-year 2025 revenue hit a record $8.7 billion, a 5% increase over 2024, supported by record new sales bookings of $1.9 billion, up 12%.
- Prior-year self-insurance adjustments negatively impacted Q4 adjusted EPS by $0.26 per share, a swing now included in non-GAAP financials following SEC guidance, affecting comparability.
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NeuroOne Medical Technologies Corporation Q4 FY2025 Earnings Call - Record Product Growth Fueled by OneRF System and Expanding Pipeline
Fiscal year 2025 marked a turning point for NeuroOne Medical Technologies with record-breaking product sales growing 163% to $9.1 million and significant improvements in gross margins to 56.5%. The co...
- NeuroOne recorded a 163% increase in product sales for FY2025, reaching $9.1 million, a company record.
- Product gross margins improved significantly to 56.5% in FY2025 due to operational efficiencies and cost control.
- FDA granted 510(k) clearance for the OneRF trigeminal nerve ablation system, enabling a limited commercial launch.
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