A live archive of receipt-bound excerpts from company earnings calls. No generated thesis, no recommendation — just the recorded language, its source coordinates, and a direct path into the ticker dossier or live Terminal.来自公司财报电话会的可追溯摘录档案。没有生成式投资结论，也没有推荐——只有原始表述、来源坐标，以及进入个股档案或实时终端的直接入口。
Start free in Terminal免费开始使用终端50 verified call records份已核验电话会记录 · 600 exact facts条精确事实 · 2026-09-07 → 2026-09-13
Browse the full archive page by page. Search on this page by ticker, period, category, or speaker; every card preview is a verbatim call excerpt.分页浏览完整档案。在本页按代码、期间、分类或发言人搜索；每张卡片预览均为电话会原文摘录。
Showing records 1153–1248 of 5581.显示第 1153–1248 条，共 5581 条。
“Adjusted EBITDA increased 7% year-over-year to $85 million at the high end of the guidance range at a 34% margin, reflecting disciplined investment.”
“With this in mind, in fiscal 2027, we expect to deliver revenue growth of 12.4% at the midpoint, EBITDA margin in the high 12% range, and free cash flow per share growth of approximately 22%.”
“As you think about the longer term earnings of the power of the portfolio, what kind of scenarios are you thinking about in terms of base rates and then embedded spread outlook?”
“Just before we started, I was reflecting with John that we've been doing earnings calls now for 17 years together at Burford.”
“At the midpoint, our outlook implies an adjusted EBITDA margin of approximately 10% as we continue to expect a relatively flat gross margin rate year-over-year and slight operating expense deleverage to invest in our 2026 and 2027 greenfield store growth, including deeper expansion into the Southeast and the associated marketing expense.”
“With peak targets of $1.4 billion for GALAFOLD and $1.2 billion for POMBILITI and OPFOLDA, these revenues, combined with $220 million in anticipated annual cost synergies fully realized in 2028, support substantial expected non-GAAP diluted EPS accretion beginning in 2027 and a significant increase in operating cash flow.”
“As a reminder, our financing strategy is centered on ring-fenced and project-level financing with an approximate 70 to 30 debt-to-equity mix structure well-suited to the long-duration contracted cash flows we expect these assets to generate.”
“We expect this momentum to continue as new customers adopt Gen-3 services and current customers expand existing contracts to take advantage of growing Gen-3 capacity, improving latency, and revisit performance.”
“New rates and rider recovery from capital projects, large load demand growth, and our solid financial position drive confidence in our ability to deliver in the upper half of our 4%-6% long-term growth target.”
“In Q3, we expect loan volume of $1.375 billion-$1.525 billion, total net revenues of $49 million-$52 million, and an adjusted EBITDA loss of $18 million-$15 million.”
“Regarding FY 2027 outlook, I think we have consistently characterized FY 2027 as low-single-digit revenue growth, that is due to the Alaris remediation coming to an end in FY 2026, which creates a 200 basis points headwind next year.”
“Wireless product revenue was down 6.6% year-over-year, reflecting our focus on healthier product margins, which drove fewer contracted mobile phone sales.”
“We ended the quarter with net leverage, which is defined as regulatory leverage, net of unrestricted cash and net unsettled transactions of 1.18 times, essentially unchanged from the prior quarter and comfortably within our target range of 0.9 to 1.25 times.”
“As we expand our multi-mission fleet mid-year, we expect the sensor-enabled Air Attack program to contribute to growth in 2026 and support attractive margin expansion in our fleet over time.”
“However, it is uncertain whether these favorable conditions experienced in the second quarter will continue through the remainder of 2026 or if their positive earnings impact will reverse, as we will discuss later.”
“This includes the Q2 beat of $3.7 million, offset by an incremental FX headwind of $5.6 million, on a constant currency basis, we now expect revenue growth of 21% at the midpoint, an acceleration from our prior full-year expectations.”
“Our first half results, shown on the right-hand side of the slide, reflect the compounding power of our business model, where 1.2% organic sales growth and 70 basis points of margin expansion generated 4.7% adjusted EBITDA growth and 9.1% adjusted EPS growth, excluding the impact of foreign currency translation.”
“In terms of net income or record high net income, $218 million, that's the quarter that gold price has depreciated, unfortunately, but the positive impact that since we have a mark-to-market up on the net income that was positively by $126 million.”
“It is this conviction that tells me that over time, we can operate above our stated operating margin target of 15% while continuing strong secular top-line growth.”
“Yesterday, we reported year-to-date fiscal 2026 net income of $1.2 billion or $7.33 per diluted share, and we reaffirmed our earnings per share guidance in the range of $8.40-$8.50.”
“Our segments delivered positive revenue growth and Adjusted EBITDA growth while expanding Adjusted EBITDA margin by approximately 170 basis points year-over-year.”
“The record profits were driven by record revenue, record new customers served, and record total number of customers served, all while exceeding our 20% return on equity target.”
“As a result, our updated outlook now includes an adjusted EBITDA midpoint of $1,160,000,000 representing 35% year-over-year growth, an adjusted EPS midpoint of $5.04, an increase of 56% year-over-year, and an adjusted free cash flow midpoint of $575 million, an increase of 51% year-over-year.”
“In areas or contracts in which there is no path to a full risk arrangement, or in areas where we can push towards a full risk arrangement, we believe that allows us to better align our performance with the financial outcomes that we receive from those contracts, especially in a time of compressing margin, and disenrollments in California, both now and potentially in 2027 and beyond, after OBRA '90 comes online.”
“For the third quarter of 2026, we expect increased revenue and profitability relative to Q2, with total revenue expected to be between $65 million and $80 million.”
“We also made changes to Tech Ops across our sales organization this quarter to sharpen our commercial focus and better align coverage with our highest opportunity accounts, and we expect these changes to support improved throughput and margin recovery in the second half.”
“The combination of broad-based demand, disciplined execution, and positive operating leverage resulted in non-GAAP EPS of $5.45, representing a significant increase of 124% year-over-year.”
“We are updating our full year profitability guidance to reflect the benefit recognized from the recovery of previously paid IEEPA tariffs, we now expect net income of $71 million to $80 million and adjusted EBITDA of between $160 million and $171 million.”
“This would suggest back half sales would be roughly 60% of the full year, acknowledging increased sequential revenue growth in the upcoming quarters and in line with prior year's growth patterns.”
“Cash and cash equivalents were $191.5 million as of June 30, 2026, and $230.8 million on December 31, 2025, for a decrease of $39.3 million over the H1 of 2026.”
“We have reduced our costs base by about 15% for first quarter level, and we expect to see the full effect by the third quarter, where our cash burn is targeted to fall to below $7 million per quarter due to the expected lower expenses and revenue growth.”
“These include comments related to our financial results, trends and guidance for the third quarter and full year 2025, the benefits of our platform, industry and market trends, our go-to-market and growth strategy, our market opportunity and ability to expand our leadership position, our ability to maintain and upsell existing customers, and our ability to acquire new customers.”
“Turning to guidance, for the full year, we now expect comparable hotels' RevPAR change between 2.25% and 4.25%, comparable hotels' adjusted hotel EBITDA margin between 33.7% and 34.7%, adjusted EBITDARE between $453 million and $476 million, and net income between $152 million and $180 million.”
“Second, we continue to make progress towards our $3 billion net debt target, and remain on track to return at least 60% of free cash flow to shareholders in 2026, including significant returns in the second half of this year.”
“We expect that our revenues will exceed $85 million.”
“Gross margins increased to 51% of revenues in the second quarter of 2026 compared to 50% in the previous year period.”
“Excluding these items, our Q2 revenue would still be almost 2% above the high end of our guidance range, and our EBITDA margin would be at the top end of our 6.7%-7.2% guidance.”
“SaaS and license revenue grew 11.1% year-over-year to approximately $188.8 million during the quarter, exceeding the midpoint of our guidance by approximately $3.2 million.”
“Turning to slide eight, operating income increased to $15.6 million from $11.7 million in the prior period, and operating margin improved to 10.2% from 8.4%.”
“On a full year basis, we still expect cash flow to be impacted by $87.5 million of deferred revenue related to our 2025 customer prepayment, which benefits EBITDA but does not contribute cash, and approximately $100 million of spend related to idling Kemerton Train 1.”
“For this new customer, we don't expect any material revenue impact for 2026, but we do expect revenue to fully ramp throughout 2027.”
“A reminder that our 2026 gross margin now reflects the inclusion of subcontractor costs as cost of revenue for certain security government contracts.”
“I would say despite the modest first half pressure, our base premium rate outlook really remains consistent with our 2026 guidance that we gave at the beginning of the year that we expect it to be relatively flat versus 2025.”
“We continue to anticipate strong year-over-year growth in 2026, with momentum extending into 2027 as customers accelerate clean room investments to support growing demand for DRAM and high-bandwidth memory applications driven by AI.”
“As we previously communicated, we expect to allocate between 50% and 60% of operating cash flow to share repurchases during 2026.”
“We generated $69 million of adjusted EBITDA, with an adjusted EBITDA margin of 14%, an increase from the $54 million, or 12% of revenue we delivered in Q1.”
“Moving to profitability, our adjusted net income, which excludes non-cash stock compensation, non-recurring expenses related to business acquisitions, and special projects, totaled $27.1 million or $0.28 per diluted share.”
“Revenue grew 17% year-over-year to $3.6 billion, exceeding the high end of our outlook.”
“We expect then that by 2029, for several years to follow, to be at least at 275,000 ounces per year before we undertake the next modular expansion to 8 million tons, and then above that drives that production to its ultimate goal of above 300,000 ounces, in the average of 350,000 ounces, with several years above 400,000 ounces.”
“During the second quarter, we delivered revenue of $191.9 million and non-GAAP gross margin of 29.8%, in line with our expected guidance range and our non-GAAP income per share of $0.06 came in above our expectations.”
“Excluding this adjustment that impacts period comparison, net income for Q2 2026 would've been $15.2 million or $0.25 per share.”
“Given our strong execution, we believe low single-digit year-over-year revenue growth is a likely scenario, up from our prior expectation of flat revenue, which will result in a full year Adjusted EBITDA margins of 12%-14%, a meaningful margin expansion versus 9% in 2025.”
“Because we are planning to accelerate to more than 75% of our connections in Preferred by the end of the year, we expect the seasonality impact to result in a 200 basis points to 300 basis point headwind to our year-over-year For Sale revenue growth in Q4.”
“sales channel progressing as planned, continued new product momentum, and healthy underlying markets, we are raising our full-year organic constant currency revenue guidance to 2.25%-3.25% from the previous range of 1%-3%.”
“Because we are planning to accelerate to more than 75% of our connections in Preferred by the end of the year, we expect the seasonality impact to result in a 200 basis points to 300 basis point headwind to our year-over-year For Sale revenue growth in Q4.”
“For Q3, we expect revenue of $284 million-$287 million and total bookings of $311 million-$316 million, representing 24.6% and 20.5% year-over-year growth at the midpoint respectively.”
“Given the significant growth within media platform from advertising and related revenue, we have surpassed an accounting threshold of 10% of total revenue this quarter and will now be separately reporting advertising and related revenue along with the associated cost of revenue on our income statement going forward.”
“We expect to begin seeing incremental margin benefits starting in mid-2027, and with operating margin goal of ours reaching mid-20% range on a run rate basis as we exit 2028.”
“We expect R&D growth to accelerate into Q3 as we continue to add to our team and increase tapeouts.”
“On growth margin, we continue to expect a modest adjusted growth margin decline in 2026 versus 2025, and we expect to remain above 72%.”
“The increase primarily reflects lower demand response proceeds, which are recorded as a reduction in cost of revenue and declined to $2.8 million in the second quarter from $14.1 million in the first quarter.”
“Looking ahead to the third quarter, we anticipate 5%-10% revenue growth for the segment and expect to sustain gross margins in the 56%-58% range during Q3.”
“These gains were partially offset by $0.02 in higher operating expenses, a $0.02 impact from lower gas volumes this quarter, and $0.06 from other, which includes $0.03 from increased depreciation and $0.03 from higher interest and lower AFUDC.”
“Highlights include a 9% increase in total revenue, rising to 11% on an adjusted basis, 15% growth in Adjusted OIBDA, which led to 100 basis points of margin expansion, and a 209% increase in operating cash flow that resulted in a roughly $100 million increase in our cash balance.”
“I wanted to ask you, given the product ramp and improving demand environment, should we expect the first quarter fiscal to represent the low point for both sequential revenue growth and incremental margins with acceleration as we move throughout the year, with regard to FY 2027?”
“We are maintaining the guidance we provided in May and expect revenue to be between $2.188 billion and $2.303 billion, and adjusted EBITDA to be between $432 million and $447 million, with adjusted EPS between $0.89 and $0.92.”
“It's really about our focus on protecting gross profit dollars and the impact of that is, as you correctly calculated, the midpoint of the range, that would imply 300 basis points-400 basis points in margin compression in the September quarter.”
“As such, our 2026 revenues guidance range is updated to $475 million-$495 million, and the adjusted operating income guidance range is updated to $55 million-$65 million for this segment, which is roughly 60% higher when compared to the midpoint to the 2025 results.”
“Adjusted revenue was $919 million, exceeding our guidance range and increasing 9.5% sequentially, driven by strong volume growth of 7% and an increase in Average Selling Prices of 2%.”
“We expect segment profit margins to contract by approximately 450-500 basis points compared to 2025, primarily due to the New York City renewal contract, including service pricing adjustments from the competitive procurement process and the inclusion of minority and women-owned subcontractor requirements by the City of New York.”
“Given the strength of our order trends and backlog, we are confident we can deliver organic revenue growth for 2026 above the target in our three-year model.”
“If you look at a trailing 12-month revenue being up 10%, high 38% margin fee income is up 16%, as Mike referenced, and that fee income continues to be an important part of our growth story.”
“The change in cash during the second quarter of 2026 as compared to the first quarter of 2026, was driven by the net loss in the second quarter of 2026, excluding the impact of non-cash charges such as stock-based compensation and amortization of our intangible and right of use assets, as well as timing of cash received from customers for revenue and related payments of rebates to payers, and the timing of cash paid to third parties for services related to operating expenses and inventory production.”
“We expect to nominate additional development candidates in 2027, further accelerating the expansion of our pipeline.”
“Full year operating margin for Viavi was 20.6%, up 630 basis points from fiscal year 2025, and was a result of higher fall-through driven by higher revenue and favorable product mix.”
“On a full-year 2026 basis, we expect approximately $10 million of incremental operating expenses and a gross margin impact of roughly 75 basis points associated with these growth initiatives.”
“As we've shared with you since first releasing our fiscal 2026 guidance last November, based on our normal seasonality as well as the timing of our growth investments this year, we expected Q4 to have an outsized impact on the year.”
“More specifically, Anthony, the range relative to kind of the change from our original guidance in that $30 million-$40 million top line and probably about $4 million-$5 million pressure on margins just from having a little bit lower top line and some of that operational infrastructure.”
“Turning to guidance, we continue to expect JELMYTO net product revenue of $97 million to $101 million for 2026, which represents growth of roughly 3%-7% over 2025.”
“Gross bookings were 22% year-over-year to more than $58 billion, above the high end of our guidance and marking our fourth consecutive quarter above 20% growth.”
“Adjusted EBITDA rose in the second quarter, driven by higher volumes and better margin, with adjusted EBITDA margin expanding to 16.5% from 12.2% in the first quarter.”
“With the continued strong demand in both artificial intelligence and defense, we also remain confident in our ability to achieve 15%-20% organic revenue growth for 2027 and 2028, as previously shared.”
“Direct lending volumes declined by approximately half sequentially and compared to the second quarter of 2025, while private equity deal activity also slowed materially.”
“We anticipate sustaining our growth trajectory with steadily improving profitability, targeting a 10% adjusted EBITDA margin by 2028.”
“For the full year of 2026, we now expect total revenue in the range of $1.584 billion-$1.601 billion.”
“Net leverage was 1.18 times at quarter end, consistent with our target range, total platform liquidity increased to $939 million, driven in large part by the close of our SBIC fund.”
“We continue to see 2026 adjusted EBITDA margins of approximately 40%, and we expect free cash flow of approximately $2.1 billion.”
“Based on our outlook and assessment of the current market, we continue to anticipate double-digit revenue growth and strong earnings in 2026, with even higher earnings expected in 2027, by which time many of our newer large projects in our backlog should be in the construction phase.”
“Moving to the chart on the right, we show an illustrative portfolio margin mix beyond 2030 that reflects the impact of an additional approximately 2 GW of long-term contracts as we continue to execute on the Talen flywheel.”
“The company posted operating expenses of $7.8 million in the second quarter of 2026, reflecting our scaled investment in sales and marketing, which we expect to be approximately $2 million for the full year 2026.”
“Because we expect these elevated promotions to create a revenue headwind of approximately $7 million in the second half, we are updating our revenue and EBITDA margin expectations for the balance of the year.”
“For the third quarter, we expect revenues to be between $460 million and $473 million, gross profit to be between $148 million and $152 million, ex-TAC gross profit to be $184 million-$190 million, adjusted EBITDA to range from $51.5 million-$56.5 million, and non-GAAP net income to be $38 million-$42 million.”
“Demand remains exceptionally strong, as reflected in a record backlog and the long-term agreement, which increased to a record of $650 million at the end of June 30, 2026.”
“Our year-over-year revenue growth rate at 5% helped us generate $57.7 million in adjusted EBITDA, or an adjusted EBITDA margin of 18.7%.”
“These operational results translated into record free cash flow generation during the quarter and support an increase to our full-year 2026 production guidance.”
“For the fourth quarter of fiscal 2026, we expect revenue between $760 million and $780 million, and adjusted EBITDA between $100 million and $105 million.”
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