Earnings Call Transcripts
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All Earnings Calls
MaxLinear Fourth Quarter 2025 Earnings Call - Infrastructure DSP Ramp Set to Drive 2026 Growth (Keystone $100-$130M)
MaxLinear called 2025 an inflection year, exiting with 30% revenue growth for the year and a sharply accelerating infrastructure business. Management pointed to Keystone PAM4 DSP ramps at major hypers...
- Total revenue for Q4 2025 was $136.4 million, up 48% year over year and up 8% sequentially.
- Management calls 2025 an inflection year, citing 30% full-year revenue growth and sustained momentum into 2026.
- Infrastructure revenue was approximately $47 million in Q4 and grew 76% year over year, now scaling rapidly.
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SkyWest Inc. Q4 2025 Earnings Call - Operating leverage rises as E175 extensions lock in long-term demand
SkyWest closed 2025 with clear momentum and a cautious edge. Q4 GAAP net income was $91 million, or $2.21 per diluted share, and full-year net income was $428 million, or $10.35 per diluted share. Man...
- Q4 2025 GAAP net income was $91 million, or $2.21 per diluted share; full-year net income was $428 million, or $10.35 per diluted share.
- Pre-tax income for 2025 was $566 million, up 31% year over year on a 15% increase in block hours, highlighting strong operating leverage.
- SkyWest announced multiyear extensions for 40 E175s with United and 13 E175s with Delta, leaving no major E175 expirations until late 2028.
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Western Digital Q2 FY2026 Earnings Call - AI-driven exabyte surge lifts revenue, margins and accelerates HAMR and ePMR rollouts
Western Digital reported a punchy Q2 FY2026, with revenue of $3.0 billion, EPS of $2.13, and shipments of 215 exabytes, up 22% year over year. Cloud customers drove the quarter, accounting for 89% of ...
- Revenue $3.0 billion in Q2 FY2026, up 25% year over year, above guidance.
- GAAP and non-GAAP EPS $2.13, up 78% year over year on a diluted share count of 378 million.
- Shipped 215 exabytes (EB) in the quarter, up 22% year over year, including 103 EB from latest-generation ePMR drives.
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OSI Systems Q2 FY2026 Earnings Call - Record Quarter, Mexico Timing to Pressure Q3 but H2 Cash and RF Opportunities Offer Upside
OSI delivered a clean, growth-oriented Q2: revenue of $464 million, up 11% year-over-year, and record Q2 non-GAAP adjusted EPS of $2.58. Strength came from Security and Optoelectronics, with Security ...
- Record Q2 performance: Revenues $464 million, up 11% year-over-year, and record Q2 non-GAAP adjusted EPS $2.58.
- Security division led growth, revenues $335 million, up 15% YoY, with service revenues and RF contributing materially.
- Excluding large Mexico security contracts, Security revenue jumped 31% YoY, showing healthy underlying demand.
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GSI Technology Q3 FY2026 Earnings Call - 3-Second TTFT Benchmark Bolsters Low-Power Edge AI Push
GSI reported $6.1 million in revenue for Q3 FY2026, up 12% year-over-year and 28.5% fiscal year-to-date, while investing heavily in its next-generation APU and memory roadmap. Management highlighted a...
- Q3 FY2026 revenue $6.1M, up 12% YoY and 28.5% fiscal YTD; down slightly from $6.4M in prior quarter.
- Gross margin 52.7% in Q3, down from 54.0% YoY and 54.8% sequentially, primarily due to product mix.
- Operating expenses rose to $10.1M vs $7.0M a year ago; R&D jumped to $7.5M driven by an IP purchase for the Plato APU and consulting/engineer hires.
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West Bancorporation, Inc. Q4 2025 Earnings Call - Net income up 35% for 2025, sold securities at a loss to buy flexibility for higher-yield growth
West Bank closed 2025 with clean credit, rising margins, and a deliberate securities sale that cost a one-time loss but bought optionality for 2026. Full-year net income jumped to $32.6 million, up 35...
- Full-year 2025 net income $32.6 million, up 35% from $24.1 million in 2024.
- Q4 2025 net income $7.4 million, versus $9.3 million in Q3 2025 and $7.1 million in Q4 2024.
- Company sold $64 million of available-for-sale securities in Q4 and recorded a pre-tax net loss of $4 million, described as a strategic repositioning.
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SL Green Realty Corp. Fourth Quarter 2025 Earnings Call - Leasing Momentum and $9.5B Capital Plan Drive Optimism
Management opened 2026 with an upbeat case that New York City office fundamentals are recovering, backed by stronger-than-expected fourth quarter results, accelerating leasing, and a heavy capital age...
- Management bullish on NYC office recovery, citing strong 2025 tax collections, S&P reaffirmation of the citys double-A rating, and a resilient business environment that should drive occupancy and rent gains in 2026.
- SL Green beat street FFO by $0.02 per share in Q4 and outperformed its prior FAD guidance by roughly $65 million for the year, including about $20 million in the quarter, driven by higher NOI and disciplined capital spend.
- Physical same-store occupancy finished the year around 93%, management says that including post-year-end signings would have hit the 93.2% investor conference target, and they are guiding to a 94.8% year-end occupancy objective for 2026.
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Alerus Financial Corporation Q4 2025 Earnings Call - Balance-sheet Repositioning and Fee-heavy Franchise Poised to Drive 2026 Growth
Alerus used 2025 to reshuffle its balance sheet, sell legacy low-yield securities, and lean into its fee-rich retirement and wealth platform, setting up a mid-single-digit loan growth target and impro...
- Management calls 2025 a milestone year, posting Q4 core ROA of 1.62% and a full-year adjusted ROA of 1.35% after integrating Home Federal.
- Alerus executed purposeful deleveraging and credit pruning in H2 2025, with loans down 1.3% sequentially as management culled marginal and non-core credits.
- The company sold roughly $360 million, or about 68% of its available-for-sale securities, replacing paper yielding 1.7% and duration 5.1 years with new securities yielding 4.7% and duration just over 3 years.
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Southside Bankshares Q4 2025 Earnings Call - Margin Recovery via Securities Restructure and Sub Debt Redemption
Southside used Q4 to finish a cautious pivot in its securities portfolio, selling roughly $82 million of long-duration municipals at a $7.3 million net loss and redeploying proceeds into higher-yieldi...
- Sold approximately $82 million of lower-yielding, long-duration municipal securities in Q4, realizing a $7.3 million net loss on the sales.
- Reinvested proceeds, plus a $49.7 million T-bill sale and portfolio cash flows, into primarily low-premium, 5.5% coupon agency MBS with an average yield of 5.36%.
- Purchased $373 million of securities in Q4 (mainly MBS); securities portfolio rose $147.9 million to $2.7 billion at year-end.
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Tetra Tech Q1 FY2026 Earnings Call - 9% FY26 Revenue Midpoint, 80bps Margin Expansion, and M&A Firepower
Tetra Tech opened fiscal 2026 with a clean quarter, reporting $987 million in revenue, an 8% year-over-year rise, and margin expansion that pushed operating income to $131 million. Management says the...
- Revenue of $987 million in Q1, up 8% year-over-year, with operating income of $131 million, up 12% year-over-year.
- GAAP EPS reported at $0.40 for the quarter, management cited adjusted EPS of $0.34 (Dan) while the CFO referenced $0.35, a small discrepancy in adjusted presentation.
- Company raised FY26 guidance to $4.15 billion-$4.30 billion in net revenue, and adjusted EPS $1.46-$1.56; midpoint implies about 9% revenue growth and roughly an 80 basis point EBITDA margin expansion for the year.
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