1,086 material Form 8-K filings that 883 companies we cover made with the SEC in July 2025, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
MasTec reported second quarter 2025 revenue of $3.5 billion, up 20% from a year earlier, and GAAP diluted earnings per share of $1.09, up from $0.43. The company raised its full year 2025 diluted EPS guidance midpoint to $4.71 and adjusted diluted EPS guidance midpoint to $6.33, which indicates higher expected earnings for shareholders.
Q2 2025 revenue was $3,545 million versus $2,961 million in Q2 2024, a 19.7% increase; Pipeline Infrastructure revenue fell 5.7%.
Q2 2025 adjusted diluted EPS was $1.49 versus $1.00 a year earlier; GAAP net income was $90.1 million.
Full year 2025 guidance: revenue of $13.9 billion to $14.0 billion and GAAP diluted EPS of $4.61 to $4.82.
Six-month free cash flow was $(0.4) million, compared with $346.4 million in the prior-year period.
Strategy reported second-quarter 2025 net income of $10.02 billion, or $32.60 per diluted share, compared with a net loss of $102.6 million a year earlier. The company said the profit came mainly from a $14.0 billion unrealized gain on its bitcoin holdings, and it issued FY2025 guidance that depends on a year-end bitcoin price of $150,000.
Q2 2025 operating income of $14.03 billion and net income of $10.02 billion, versus a Q2 2024 operating loss of $200.3 million
Total revenues of $114.5 million, up 2.7% year-over-year; gross margin fell to 68.8% from 72.2%
FY2025 guidance: operating income of about $34 billion, net income of about $24 billion, diluted EPS of about $80, assuming a $150,000 year-end bitcoin price
FY2025 BTC $ Gain target raised to $20 billion from $15 billion; BTC Yield target raised to 30% from 25%
Roku reported second-quarter 2025 total net revenue of $1.111 billion, up 15% year over year, and net income of $10.5 million, compared with a net loss a year earlier. The company raised its full-year 2025 Platform revenue and Adjusted EBITDA outlook and authorized up to $400 million in share repurchases through December 31, 2026.
Q2 total net revenue was $1.111 billion, up 15% YoY; Platform revenue was $975 million, up 18% YoY
Net income was $10.5 million, or $0.07 per share, versus a net loss of $34.0 million in Q2 2024
Full-year 2025 outlook raised to $4.075 billion Platform revenue and $375 million Adjusted EBITDA; Q2 Adjusted EBITDA was $78 million, up 79%
Board authorized up to $400 million of Class A stock repurchases; Dan Jedda was named Chief Financial Officer and Chief Operating Officer, approved July 28, 2025
AppFolio reported second-quarter 2025 revenue of $236 million, up 19% from a year earlier, and GAAP net income of $36 million, up from $30 million. GAAP operating margin slipped to 17.2% from 18.3%. The company also gave a full-year 2025 revenue outlook of $935 million to $945 million and named Tim Eaton Chief Financial Officer effective July 30, 2025.
Q2 2025 revenue was $235.6 million, up from $197.4 million in Q2 2024
GAAP diluted EPS was $0.99 versus $0.81 a year earlier; GAAP operating margin was 17.2% versus 18.3%
Full-year 2025 revenue is expected at $935 million to $945 million; non-GAAP operating margin at 24.5% to 26.5%
Tim Eaton was appointed CFO effective July 30, 2025, after serving as interim CFO since October 2024
ResMed reported fourth-quarter fiscal 2025 results for the quarter ended June 30, 2025, with revenue up 10% to $1.3 billion and diluted earnings per share up 30% to $2.58. The company also declared a quarterly dividend of $0.60 per share, a 13% increase, payable September 18, 2025 to holders of record on August 14, 2025.
Q4 revenue $1,348.0 million, up 10% (9% constant currency); income from operations up 19% to $454.5 million
Q4 diluted EPS $2.58 vs. $1.98 a year earlier; non-GAAP diluted EPS $2.55 vs. $2.08
Full-year revenue $5.1 billion, up 10%; full-year diluted EPS $9.51 vs. $6.92
Quarterly dividend $0.60 per share; ex-dividend date August 13, 2025
First Solar reported second-quarter 2025 net sales of $1.1 billion, up $0.3 billion from the prior quarter, and diluted earnings of $3.18 per share, up from $1.95 in the first quarter. The company raised its 2025 net sales guidance to $4.9 billion to $5.7 billion and kept the midpoint of its diluted EPS guidance at $15.00, narrowing the range to $13.50 to $16.50. Shareholders get a stronger quarter and a higher sales outlook, though year-over-year quarterly EPS was slightly below the $3.25 reported in the second quarter of 2024.
Q2 2025 net sales $1.1 billion, up $0.3 billion from Q1; net income $341.9 million
Diluted EPS $3.18 versus $1.95 in Q1 2025 and $3.25 in Q2 2024
2025 net sales guidance raised to $4.9 billion to $5.7 billion from $4.5 billion to $5.5 billion
Sold $312 million of Section 45X tax credits for $296 million cash, recognizing a $16 million loss
Perdoceo Education reported second-quarter 2025 revenue of $209.6 million, up 25.7% from $166.7 million a year earlier, and GAAP diluted earnings per share of $0.62 versus $0.57. The board also raised the quarterly dividend 15.4% to $0.15 per share and approved a new $75.0 million share buyback, while the full-year 2025 GAAP earnings per share outlook of $2.29 to $2.36 compares with $2.19 in 2024.
Q2 2025 revenue $209.6 million, up 25.7% from $166.7 million; operating income $51.4 million, up 11.7%.
GAAP diluted EPS $0.62 for the quarter versus $0.57; year to date $1.27 versus $1.16.
Full-year 2025 GAAP EPS outlook $2.29 to $2.36 versus $2.19 in 2024; third-quarter outlook $0.55 to $0.57 versus $0.57.
Quarterly dividend raised to $0.15 per share, payable September 12, 2025; new $75.0 million buyback runs through January 31, 2027.
Millrose Properties reported second-quarter 2025 net income attributable to common shareholders of $112.8 million, or $0.68 per share, driven by $149.0 million in option fees and other related income. The company raised its year-end AFFO quarterly run rate guidance to $0.70 to $0.73 per share, citing higher transaction funding outside the Lennar Master Program Agreement.
Q2 2025 net income attributable to common shareholders was $112.8 million, or $0.68 per share, versus a net loss of $59.8 million in the prior-year period.
Adjusted Funds From Operations (AFFO) was $115.0 million, or $0.69 per share.
Year-end AFFO quarterly run rate guidance raised to $0.70 to $0.73 per share.
Net cash proceeds from homesite sales were $797 million, including $768 million from Lennar; the company also reported a $1 billion delayed draw term loan closed during the quarter.
InterDigital reported second-quarter 2025 revenue of $300.6 million, up 34% year over year, driven by the conclusion of the Samsung arbitration and a new license agreement with HP. The company raised its full-year 2025 revenue outlook to $790 million to $850 million from $660 million to $760 million, which matters to shareholders because it signals higher expected licensing revenue for the year.
Q2 2025 revenue of $300.6 million, up 34% year over year, and net income of $180.6 million, up 65%
Diluted EPS of $5.35 for the quarter, up 36% from $3.93 a year earlier
Full-year 2025 revenue outlook raised to $790 million to $850 million from $660 million to $760 million
Third-quarter 2025 revenue outlook of $136 million to $140 million, covering existing licenses only
National Fuel Gas reported third-quarter fiscal 2025 GAAP earnings of $149.8 million, or $1.64 per share, compared with a net loss of $54.2 million, or $0.59 per share, a year earlier. The company revised its fiscal 2025 adjusted EPS guidance to $6.80 to $6.95 and issued preliminary fiscal 2026 guidance of $8.00 to $8.50 per share at a $4.00 NYMEX gas price, which it says would be a 20% increase from fiscal 2025. It also raised its dividend 4% to an annual rate of $2.14 per share and paused share repurchases during the quarter.
Q3 adjusted EPS of $1.64 rose 66% from $0.99; Seneca produced a company-record 112 Bcf, up 16%
Fiscal 2025 adjusted EPS guidance revised to $6.80 to $6.95 per share
Preliminary fiscal 2026 adjusted EPS: $6.35 to $6.85 at $3.00 NYMEX, $8.00 to $8.50 at $4.00, $9.75 to $10.25 at $5.00
Dividend increased 4% to an annual rate of $2.14 per share; repurchases paused during the quarter
ATI reported second quarter 2025 sales of $1.14 billion, up 4% year over year, with net income attributable to ATI of $100.7 million, or $0.70 per diluted share, compared with $0.58 a year earlier. The company raised the mid-point of its full-year 2025 adjusted earnings and cash flow guidance and repurchased $250 million of stock in the quarter, bringing 2025 buybacks to $320 million.
Q2 2025 sales of $1.14 billion, up 4% year over year, with aerospace and defense sales of $761.8 million, or 67% of sales
Net income attributable to ATI of $100.7 million, up 23% year over year; adjusted EPS of $0.74 versus $0.60 a year earlier
Full-year 2025 adjusted EBITDA guidance of $810 million to $840 million and adjusted EPS guidance of $2.90 to $3.07; Q3 adjusted EBITDA guidance of $200 million to $210 million
Repurchased $250 million of common stock in Q2; $270 million of buyback authorization remains as of June 29, 2025
Howmet Aerospace reported second quarter 2025 revenue of $2.05 billion, up 9% year over year, and net income of $407 million, or $1.00 per diluted share, versus $266 million, or $0.65, a year earlier. The company raised its full-year 2025 guidance on all metrics and increased its quarterly dividend by 20%, which benefits shareholders.
Net income was $407 million, or $1.00 per diluted share, versus $266 million, or $0.65, in second quarter 2024, including about $36 million in net benefits from special items.
Adjusted EPS excluding special items was $0.91, up 36% year over year; adjusted EBITDA excluding special items was $589 million, up 22%.
Repurchased $175 million of stock in second quarter 2025 and $100 million in July 2025; quarterly dividend raised 20% to $0.12 per share, payable August 25, 2025.
Teleflex reported second-quarter 2025 GAAP revenue of $780.9 million, up 4.2% from a year earlier, and GAAP diluted EPS from continuing operations of $2.77, compared with $1.69. The company raised its full-year 2025 guidance, which it says includes the BIOTRONIK Vascular Intervention business acquired at the start of the third quarter. Management said underlying adjusted constant currency revenue guidance, excluding the acquisition, is unchanged.
Adjusted diluted EPS from continuing operations was $3.73, compared with $3.42 in the prior year period; adjusted constant currency revenue growth was 1.0%.
2025 GAAP diluted EPS from continuing operations guidance was raised to $6.73 to $7.13, from $6.51 to $6.91.
2025 adjusted diluted EPS guidance was raised to $13.90 to $14.30, from $13.20 to $13.60.
The acquired BIOTRONIK business is expected to generate $204 million of revenue in the second half of 2025.
Quanta Services reported second-quarter 2025 revenue of $6.77 billion, up from $5.59 billion a year earlier, and GAAP diluted EPS of $1.52, up from $1.26. The company raised its full-year 2025 outlook and said the increase reflects its second-quarter results and the July 25, 2025 acquisition of Dynamic Systems for up to $1.566 billion.
Q2 2025 revenue was $6.77 billion versus $5.59 billion in Q2 2024; net income attributable to common stock was $229.3 million.
Q2 GAAP diluted EPS was $1.52 versus $1.26; adjusted diluted EPS was $2.48 versus $1.90.
Full-year 2025 revenue outlook is now $27.4 billion to $27.9 billion, and GAAP diluted EPS is now $6.47 to $7.07.
Dynamic Systems was acquired on July 25, 2025 for up to $1.566 billion, including a $216 million earnout; $202.5 million of base consideration was paid in Quanta common stock.
Euronet reported second-quarter 2025 results for the period ended June 30, 2025. Revenue rose 9% to $1,074.3 million and operating income rose 18% to $158.6 million, while diluted EPS was $2.27 versus $1.73 a year earlier and adjusted EPS rose 14% to $2.56. The company expects 2025 adjusted EPS to grow 12% to 16%, and the release references a merger agreement with CoreCard dated July 30, 2025.
Revenue of $1,074.3 million, up 9% from $986.2 million (6% on a constant currency basis)
Operating income of $158.6 million, up 18% from $134.3 million
Diluted EPS of $2.27 versus $1.73; adjusted EPS of $2.56 versus $2.25
2025 outlook calls for adjusted EPS growth of 12% to 16%; Agreement and Plan of Merger with CoreCard dated July 30, 2025
Pilgrim's Pride reported second-quarter 2025 net sales of $4.8 billion, up 4.3% from a year earlier, and GAAP EPS of $1.49 versus $1.37. The board also declared a $2.10 per share dividend, which the company says totals about $500 million, payable to holders of record on August 20, 2025.
Net sales were $4,757.4 million, up 4.3% from $4,559.3 million in the second quarter of 2024.
GAAP EPS was $1.49, up from $1.37; operating income was $512.3 million, up 16.2%.
The board declared a $2.10 per share dividend, about $500 million in total, to stockholders of record at the close of business on August 20, 2025.
Management will hold a conference call on July 31, 2025 at 7 a.m. MT (9 a.m. ET).
Antero Resources reported second quarter 2025 results with net income of $157 million, compared with a loss of $80 million a year earlier, and Adjusted EBITDAX of $379 million. The company raised its full-year 2025 production guidance to 3.4 to 3.45 Bcfe/d and lowered its drilling and completion capital budget to $650 to $675 million, while reducing debt and buying back shares.
Net income was $157 million in Q2 2025 versus a loss of $80 million in Q2 2024; Adjusted Net Income was $110 million (non-GAAP).
Full-year 2025 production guidance raised to 3.4 to 3.45 Bcfe/d; drilling and completion capital budget cut to $650 to $675 million.
Net debt fell $187 million during the quarter to $1.1 billion; the company bought 3.6 million shares for about $126 million from April 1 to July 30, 2025.
Conference call scheduled for Thursday, July 31, 2025 at 9:00 am MT.
VSE reported second-quarter 2025 revenue of $272.1 million, up 41.1%, and adjusted EBITDA of $43.5 million, up 51.9%, with net income from continuing operations of $13.6 million. The company reaffirmed its 2025 revenue growth outlook of 35% to 40% and narrowed its Aviation adjusted EBITDA margin guidance to 16.5% to 17%, while a $10.4 million loss from discontinued operations left total quarterly net income at $3.2 million.
Revenue of $272.1 million, up 41.1% from $192.8 million in the second quarter of 2024.
Net income from continuing operations of $13.6 million, or $0.66 diluted EPS, versus a loss of $5.3 million, or $0.31 per share, a year earlier.
Full-year 2025 revenue growth guidance of 35% to 40% reaffirmed; Aviation adjusted EBITDA margin guidance raised to 16.5% to 17% from 16% to 17%.
Total net income of $3.2 million after a $10.4 million loss from discontinued operations; six-month net loss of $5.8 million.
TTM Technologies reported second-quarter 2025 net sales of $730.6 million, up 21% from a year earlier, and GAAP net income of $41.5 million, or $0.40 per diluted share, compared with $26.4 million, or $0.25, in the second quarter of 2024. The company guided third-quarter revenue to $690 million to $730 million and non-GAAP earnings to $0.57 to $0.63 per diluted share, while CEO Thomas T. Edman said he intends to retire once a successor is appointed, with the board's search expected to conclude by the end of 2025.
Q2 2025 net sales were $730.6 million, up from $605.1 million in Q2 2024; GAAP net income was $41.5 million, or $0.40 per diluted share, versus $0.25 a year earlier.
Non-GAAP net income was $60.8 million, or $0.58 per diluted share, compared with $0.39 in Q2 2024.
Q3 2025 guidance: revenue of $690 million to $730 million and non-GAAP net income of $0.57 to $0.63 per diluted share.
Thomas T. Edman will remain President and CEO until a successor is appointed and will stay on the board; the search is expected to conclude by the end of 2025.
Ventas reported second-quarter 2025 normalized FFO of $0.87 per share, up 9% from $0.80 a year earlier, and attributable net income of $0.15 per share, up from $0.05. The REIT raised its full-year 2025 normalized FFO per share guidance midpoint to $3.44 from $3.41 and increased its 2025 investment volume expectation to $2 billion from $1.5 billion, which points to higher expected earnings for shareholders.
Q2 2025 normalized FFO per share was $0.87, compared with $0.80 in Q2 2024; Nareit FFO per share was $0.86, compared with $0.77.
Full-year 2025 normalized FFO per share guidance range was raised to $3.41 to $3.46 from $3.36 to $3.46, with the midpoint at $3.44 versus $3.41 previously.
Senior housing operating portfolio same-store cash NOI grew 13% year over year in the second quarter.
2025 investment volume expectation was increased to $2 billion from $1.5 billion; liquidity was $4.7 billion as of June 30, 2025.
Rush Street Interactive reported second-quarter 2025 revenue of $269.2 million, up 22% from a year earlier, and net income of $28.8 million, compared with a net loss of $0.3 million in the second quarter of 2024. The company raised its full-year 2025 revenue and Adjusted EBITDA guidance, which points to higher expected results for shareholders, though GAAP results include a $112.7 million tax receivable agreement expense in the quarter.
Revenue was $269.2 million, up 22% from $220.4 million in the second quarter of 2024.
Net income was $28.8 million, versus a net loss of $0.3 million a year earlier; the quarter included $112.7 million of tax receivable agreement expense.
Adjusted EBITDA was $40.2 million, up 88% from $21.4 million.
2025 revenue guidance was raised to $1,050 million to $1,100 million, and Adjusted EBITDA guidance to $133 million to $147 million.
Service Corporation International reported second-quarter 2025 revenue of $1,065.4 million, up from $1,034.0 million a year earlier, and diluted earnings per share of $0.86, up from $0.81. The company confirmed its 2025 earnings per share guidance of $3.70 to $4.00 and raised its 2025 cash flow guidance to $880 million to $940 million, which matters to shareholders because it reflects the company's expected cash generation for the year. Operating cash flow for the quarter fell to $166.5 million from $196.9 million, which the company attributed to an expected $84.3 million increase in cash taxes paid.
Revenue was $1,065.4 million in the second quarter of 2025 versus $1,034.0 million in the second quarter of 2024.
Diluted EPS was $0.86 versus $0.81; adjusted diluted EPS, excluding special items, was $0.88 versus $0.79.
2025 diluted EPS excluding special items guidance was confirmed at $3.70 to $4.00.
2025 net cash provided by operating activities excluding special items guidance was raised to $880 million to $940 million from $830 million to $890 million.
MYR Group reported second-quarter 2025 revenue of $900.3 million, up $71.4 million from a year earlier, and net income of $26.5 million, or $1.70 per diluted share, compared with a net loss of $15.3 million, or $0.91 per share, in the same period of 2024. The Board also approved a new share repurchase program of up to $75.0 million, which replaces a prior $75.0 million program that the company said had substantially run out of funds.
Q2 2025 revenue of $900.3 million, up $71.4 million from Q2 2024
Net income of $26.5 million, or $1.70 per diluted share, versus a net loss of $15.3 million a year earlier
Backlog of $2.64 billion as of June 30, 2025, up $97.7 million, or 3.8 percent, from June 30, 2024
New repurchase program of up to $75.0 million, expiring February 4, 2026 or when funds are exhausted, to be funded with cash on hand and credit facility borrowings
FICO reported fiscal third-quarter 2025 results for the quarter ended June 30, 2025, with revenue of $536.4 million, up 20% from $447.8 million a year earlier. GAAP diluted earnings per share were $7.40, compared with $5.05, and the company raised its fiscal 2025 GAAP and non-GAAP earnings per share guidance, while revenue guidance stayed at $1.98 billion.
Quarterly revenue of $536.4 million vs. $447.8 million, up 20%
GAAP diluted EPS of $7.40 vs. $5.05; non-GAAP diluted EPS of $8.57 vs. $6.25
Fiscal 2025 GAAP diluted EPS guidance raised to $25.60 from $25.05; non-GAAP diluted EPS guidance raised to $29.15 from $28.58
Free cash flow of $276.2 million vs. $205.7 million in the prior year quarter
Merit Medical reported second-quarter 2025 revenue of $382.5 million, up 13.2% from a year earlier, and raised its full-year 2025 net sales and non-GAAP earnings per share guidance. GAAP earnings per share fell to $0.54 from $0.61, while non-GAAP earnings per share rose to $1.01 from $0.92. The company also named Martha Aronson as its new President and Chief Executive Officer, effective October 3, 2025.
Q2 2025 net sales were $382.5 million, up 13.2%; constant currency revenue, organic, rose 6.7%
2025 net sales guidance raised to $1.495 billion to $1.507 billion from $1.480 billion to $1.501 billion
2025 non-GAAP EPS guidance raised to $3.52 to $3.72 from $3.28 to $3.41
Martha Aronson named President and CEO, effective October 3, 2025
Equinix reported second-quarter 2025 revenue of $2.256 billion, up 4% from a year earlier, with net income attributable to common stockholders of $368 million and diluted earnings per share of $3.75, up 19%. The company raised its full-year 2025 guidance for revenue, adjusted EBITDA and AFFO, which gives shareholders a higher outlook for the year.
Q2 2025 revenue $2.256 billion, up 4% as reported; operating income $494 million
Net income attributable to common stockholders $368 million, up 22%; diluted EPS $3.75, up 19%
2025 revenue guidance raised to $9.233 to $9.333 billion; adjusted EBITDA guidance raised to $4.517 to $4.597 billion
Q3 2025 revenue guidance set at $2.314 to $2.334 billion
EPR Properties reported second-quarter 2025 total revenue of $178.1 million, up 2.9% from $173.1 million, and net income available to common shareholders of $69.6 million, up from $39.1 million a year earlier. The company confirmed its 2025 FFOAA per diluted share guidance of $5.00 to $5.16 and raised its disposition proceeds guidance to $130.0 million to $145.0 million. It also said Chief Investment Officer Gregory E. Zimmerman will retire in the first quarter of 2026, with Ben Fox expected to succeed him.
Total revenue $178.1 million, up 2.9% from $173.1 million; net income available to common shareholders $69.6 million vs. $39.1 million
FFOAA per diluted common share $1.26 vs. $1.22 (up 3.3%); AFFO per diluted common share $1.24 vs. $1.20
2025 FFOAA per diluted common share guidance confirmed at $5.00 to $5.16; disposition proceeds guidance raised to $130.0 million to $145.0 million from $80.0 million to $120.0 million
Gregory E. Zimmerman to retire as Chief Investment Officer in Q1 2026; Ben Fox joins in August 2025 as Executive Vice President and is expected to succeed him
Western Digital reported fiscal fourth quarter 2025 revenue of $2.61 billion, up 30% from a year earlier, with GAAP diluted EPS of $0.67 and non-GAAP diluted EPS of $1.66. The company guided fiscal first quarter 2026 revenue to a $2.7 billion midpoint and non-GAAP diluted EPS to $1.54, and it announced a $2.0 billion share repurchase program and a $0.10 quarterly dividend.
Q4 FY25 revenue of $2.61 billion, up 30% year over year; GAAP operating income of $680 million
GAAP diluted EPS of $0.67 and non-GAAP diluted EPS of $1.66 for the quarter
Q1 FY26 guidance: revenue of $2.7 billion at the midpoint and non-GAAP diluted EPS of $1.54 at the midpoint
Board declared a $0.10 per share cash dividend payable September 18, 2025, and a $2.0 billion share repurchase program was authorized
Glaukos reported record second-quarter 2025 net sales of $124.1 million, up 30% from $95.7 million a year earlier, and a net loss of $19.7 million, or $0.34 per diluted share, versus a $50.5 million loss ($1.00 per share) in the prior-year quarter. The company raised its full-year 2025 net sales guidance to $480 million to $486 million from $475 million to $485 million, and ended the quarter with $278.6 million in cash, short-term investments and restricted cash and no debt.
Q2 2025 net sales of $124.1 million, up 30% from $95.7 million in Q2 2024
Net loss of $19.7 million, or $0.34 per diluted share, compared with $50.5 million, or $1.00 per share, in Q2 2024
2025 net sales guidance raised to $480 million to $486 million from $475 million to $485 million
Cash, short-term investments and restricted cash of $278.6 million at June 30, 2025, with no debt
TransMedics reported second-quarter 2025 revenue of $157.4 million, up 38% from $114.3 million a year earlier, and net income of $34.9 million, or $0.92 per diluted share, versus $12.2 million in the prior-year quarter. The company raised its full-year 2025 revenue guidance to $585 million to $605 million from the prior range of $565 million to $585 million, which is the main development for shareholders.
Q2 2025 total revenue was $157.4 million, up 38% from $114.3 million in Q2 2024
Q2 2025 net income was $34.9 million, or $0.92 per diluted share, compared with $12.2 million, or $0.35 per diluted share, a year earlier
Full-year 2025 revenue guidance raised to $585 million to $605 million from $565 million to $585 million
Gross margin was 61%, consistent with the prior-year quarter; operating expenses rose to $60.0 million from $56.8 million
Evertec reported second-quarter 2025 revenue of $229.6 million, up 8% from a year earlier, and GAAP net income attributable to common shareholders of $40.5 million, or $0.62 per diluted share, up 27%. The company raised its full-year 2025 revenue and adjusted earnings per share outlook and increased its share repurchase authorization to $150 million through December 31, 2026, from about $134 million previously remaining. For shareholders, the higher outlook and larger buyback capacity are the key changes disclosed in this filing.
Q2 2025 revenue was $229.6 million, up 8%, or about 10% on a constant currency basis.
GAAP diluted EPS was $0.62 versus $0.49 a year earlier; adjusted EPS was $0.89, up 7%.
Revised 2025 outlook: revenue of $901 million to $909 million and adjusted EPS of $3.44 to $3.52.
Share repurchase authorization raised to $150 million through December 31, 2026, versus about $134 million remaining before the increase.
F5 reported fiscal third-quarter 2025 revenue of $780 million, up 12% from a year earlier, and GAAP diluted earnings of $3.25 per share, up from $2.44. The company raised its fiscal 2025 revenue and earnings growth outlook, and Chair Alan J. Higginson said he will retire from the board at the 2026 annual meeting, which matters to shareholders for both results and board succession.
Q3 fiscal 2025 revenue was $780 million, up from $695 million; systems revenue rose 39% and software revenue rose 16%.
GAAP diluted EPS was $3.25 versus $2.44 a year earlier; non-GAAP diluted EPS was $4.16 versus $3.36.
Fiscal 2025 revenue growth is now implied at about 9% at the midpoint, up from prior guidance of 6.5% to 7.5%.
Chair Alan J. Higginson will not stand for re-nomination at the Annual Meeting expected in Spring 2026; he is expected to serve as Chair until then.
Waystar reported second-quarter 2025 revenue of $270.7 million, up 15% from a year earlier, and GAAP net income of $32.2 million, compared with a net loss of $27.7 million in the same quarter of 2024. The company raised its full-year 2025 revenue and adjusted EBITDA guidance, though the guidance excludes its previously announced Iodine Software acquisition.
Q2 2025 revenue of $270.7 million, up 15% year-over-year from $234.5 million
GAAP net income of $32.2 million, or $0.18 per diluted share, versus a net loss of $27.7 million a year earlier
Full-year 2025 revenue guidance of $1.030 billion to $1.042 billion, and adjusted EBITDA guidance of $418 million to $426 million, both raised
Guidance excludes the previously announced acquisition of Iodine Software
Cognizant reported second-quarter 2025 revenue of $5.25 billion, up 8.1% year over year and above the high end of its guidance range, with GAAP diluted EPS of $1.31, up 15%. The company narrowed its 2025 constant-currency revenue growth guidance to 4.0% to 6.0% and raised its planned 2025 shareholder returns to $2.0 billion from $1.7 billion. Full-year adjusted operating margin guidance was unchanged at 15.5% to 15.7%.
Q2 2025 revenue of $5.25 billion, up 8.1% from $4.85 billion in Q2 2024; GAAP diluted EPS of $1.31 versus $1.14
Adjusted diluted EPS of $1.31 versus $1.17 a year earlier, up 12%
Planned 2025 shareholder returns raised to $2.0 billion from $1.7 billion; $885 million returned year to date
Full-year 2025 revenue guidance of $20.7 billion to $21.1 billion; adjusted EPS guidance of $5.08 to $5.22
Dexcom reported second-quarter 2025 revenue of $1.157 billion, up 15% year over year, and GAAP net income of $179.8 million, or $0.45 per diluted share, versus $143.5 million, or $0.35, a year earlier. The company raised its 2025 revenue guidance to $4.600 to $4.625 billion, and CEO Kevin Sayer will retire effective January 1, 2026, with President and COO Jake Leach succeeding him.
Q2 2025 revenue: $1.157 billion, up 15% year over year; U.S. revenue up 15% and international revenue up 16%
GAAP diluted EPS $0.45 vs. $0.35 in Q2 2024; non-GAAP operating margin 19.2%, down 30 basis points from Q2 2024
2025 revenue guidance raised to $4.600 to $4.625 billion (14% to 15% growth); other margin guidance reiterated
Jake Leach to become CEO and a director effective January 1, 2026; Kevin Sayer to remain executive chairman
PTC reported fiscal third-quarter 2025 results for the period ended June 30, 2025, with revenue of $644 million, up 24% from a year earlier, and GAAP diluted earnings per share of $1.17 compared with $0.57. The company raised its full-year fiscal 2025 guidance for revenue, earnings per share, non-GAAP earnings per share, ARR and free cash flow, and said it will continue share repurchases under a $2 billion authorization.
Q3 revenue was $644 million, up 24%; ARR was $2,416 million, up 14% as reported and 9.3% in constant currency.
FY25 revenue guidance was raised to $2,570 million to $2,630 million from $2,445 million to $2,565 million.
FY25 free cash flow guidance is about $850 million, and the company plans about $75 million of share repurchases in Q4 2025.
GAAP diluted EPS was $1.17 versus $0.57 a year earlier; non-GAAP diluted EPS was $1.64 versus $0.98.
Alignment Healthcare reported second-quarter 2025 revenue of $1,015.3 million, up 49.0% year over year, and net income of $15.7 million, compared with a net loss of $24.0 million a year earlier. The company raised its full-year 2025 outlook for membership, revenue, adjusted gross profit and adjusted EBITDA.
Q2 2025 total revenue was $1,015.3 million, up 49.0% from the prior-year quarter; net income was $15.7 million versus a $24.0 million loss in Q2 2024.
Adjusted EBITDA was $45.9 million in Q2 2025, compared with $6.0 million a year earlier; adjusted gross profit was $135.2 million.
Full-year 2025 revenue outlook is $3,885 million to $3,910 million, and adjusted EBITDA outlook is $69 million to $83 million.
Third-quarter 2025 revenue outlook is $970 million to $985 million, with health plan membership of 225,000 to 227,000 at September 30, 2025.
Entergy reported second quarter 2025 earnings of $468 million, or $1.05 per share, on both an as-reported and adjusted basis, compared with $49 million, or 11 cents, as reported in the same quarter of 2024. The company affirmed its 2025 adjusted EPS guidance of $3.75 to $3.95 and updated its 2027–2028 adjusted EPS outlooks, which the release headline describes as raised.
Q2 2025 earnings were $468 million, or $1.05 per share; Q2 2024 as-reported earnings were $49 million, or 11 cents per share, and adjusted earnings were $411 million, or 96 cents per share.
Entergy affirmed its 2025 adjusted earnings per share guidance range of $3.75 to $3.95.
Entergy updated its four-year capital plan and its 2027–2028 adjusted EPS outlooks.
On July 1, Entergy New Orleans and Entergy Louisiana completed the sale of their natural gas distribution businesses.
Blackbaud reported unaudited second-quarter 2025 results for the period ended June 30, 2025, with GAAP revenue of $281.4 million, down 2.1% from a year earlier, which the company attributed to the divestiture of EVERFI. GAAP net income rose to $26.0 million, and the company raised its full-year 2025 guidance, which matters to shareholders because it signals higher expected earnings and cash flow for the year.
Q2 2025 GAAP revenue was $281.4 million, down 2.1%; non-GAAP organic revenue rose 6.8%.
GAAP diluted EPS was $0.54, up $0.12 per share; non-GAAP diluted EPS was $1.21, up $0.13.
Full-year 2025 guidance raised: GAAP revenue $1.120 billion to $1.130 billion; non-GAAP EPS $4.30 to $4.50; non-GAAP adjusted free cash flow $190 million to $200 million.
About $545 million remained under the stock repurchase program as of June 30, 2025.
Hayward reported second-quarter fiscal 2025 net sales up 5% to $299.6 million, net income up 19% to $44.8 million and diluted EPS up 18% to $0.20 for the quarter ended June 28, 2025. The company raised the low end of its full-year 2025 net sales guidance and kept its Adjusted EBITDA outlook, and its board authorized a $450 million share repurchase program that runs through July 28, 2028.
Net sales rose 5% to $299.6 million; gross profit margin rose 170 basis points to 52.7%.
Diluted EPS was $0.20 versus $0.17 a year earlier; adjusted diluted EPS rose 14% to $0.24.
FY2025 net sales guidance is now $1.070 billion to $1.100 billion, up from $1.060 billion to $1.100 billion; Adjusted EBITDA guidance of $280 million to $290 million was maintained.
On July 28, 2025, the board authorized repurchases of up to $450 million of common stock, expiring July 28, 2028, funded by cash on hand and operations.
American Electric Power reported second-quarter 2025 GAAP earnings of $1,226 million, or $2.29 per share, up from $340 million, or $0.64 per share, a year earlier, and revenue of $5,086.9 million, up from $4,579.2 million. The company now expects 2025 operating earnings in the upper half of its $5.75 to $5.95 per share guidance range and reaffirmed its 6% to 8% long-term growth rate, which matters to shareholders because it points to higher expected earnings for the year.
Q2 2025 operating earnings were $766 million, or $1.43 per share, compared with $662 million, or $1.25 per share, in Q2 2024.
Q2 2025 revenue was $5,086.9 million, compared with $4,579.2 million in Q2 2024.
2025 operating EPS guidance of $5.75 to $5.95 was reaffirmed, with the company now guiding to the upper half of that range.
AEP expects to announce a new five-year capital plan of approximately $70 billion this fall, compared with its current $54 billion plan.
Garmin reported second-quarter 2025 results for the quarter ended June 28, 2025, with net sales of $1.81 billion, up 20% from a year earlier, and pro forma diluted EPS of $2.17, up 37%. The company raised its full-year 2025 guidance to revenue of about $7.1 billion and pro forma EPS of $8.00, which matters to shareholders because the headline revenue, profit and guidance measures all improved.
Net sales of $1.81 billion, up 20%; GAAP diluted EPS of $2.07, up 33%; pro forma diluted EPS of $2.17, up 37%.
Operating income of $472 million, up 38%; operating margin of 26.0% versus 22.7% a year earlier.
Full-year 2025 guidance raised to revenue of about $7.1 billion and pro forma EPS of $8.00.
Next dividend installment of $0.90 per share, record date September 12, 2025, payment date September 26, 2025.
OneSpaWorld reported second-quarter 2025 total revenues of $240.7 million, up 7% from a year earlier, and net income of $19.9 million, up 27%. The company raised its fiscal 2025 Adjusted EBITDA guidance to $117-$127 million and reaffirmed its fiscal 2025 total revenues guidance of $950-$970 million, which bears on what shareholders can expect from full-year profitability.
Q2 2025 total revenues were $240.7 million, up 7% from $224.9 million; net income was $19.9 million, or $0.19 per diluted share, versus $15.8 million, or $0.15, in Q2 2024.
Adjusted EBITDA rose 13% to $30.5 million; first-half net income was $35.2 million, down 5%, mainly because of a $7.7 million warrant fair value benefit in the prior-year period.
Fiscal 2025 Adjusted EBITDA guidance was raised to $117-$127 million; total revenues guidance was reaffirmed at $950-$970 million.
Q3 2025 guidance is $255-$260 million in total revenues and $33-$35 million in Adjusted EBITDA; the board declared a $0.04 per share quarterly dividend payable September 3, 2025.
Generac reported second-quarter 2025 net sales up 6% to $1.06 billion and diluted earnings of $1.25 per share, up from $0.97 a year earlier. The company narrowed its full-year 2025 net sales growth guidance to 2% to 5% from 0% to 7%, and raised the low end of its adjusted EBITDA margin outlook to 18.0% to 19.0%, which matters to shareholders because it changes the company's expected full-year sales and margin range.
Q2 net sales $1,061 million, up from $998 million; residential product sales $574 million, up about 7%
Diluted EPS $1.25 vs $0.97; adjusted net income $97 million, or $1.65 per share, vs $82 million, or $1.35 per share
FY2025 net sales growth guidance narrowed to 2% to 5% from 0% to 7%; adjusted EBITDA margin guidance 18.0% to 19.0% vs 17.0% to 19.0%
Q2 free cash flow $14 million vs $50 million a year earlier; $200 million remains under the repurchase program as of June 30, 2025
Vertiv reported second quarter 2025 net sales of $2,638 million, up 35%, and adjusted diluted EPS of $0.95, up 42% from a year earlier. The company raised its full-year 2025 guidance for adjusted diluted EPS, net sales, adjusted operating profit and adjusted free cash flow, but lowered its adjusted operating margin outlook to 20.0% from 20.5%, citing tariff costs and operational inefficiencies.
Q2 2025 net sales $2,638 million, up 35% ($685 million) year over year; organic orders up about 15%
Q2 2025 diluted EPS $0.83 (GAAP) and adjusted diluted EPS $0.95, up 42% from Q2 2024
Full-year 2025 adjusted diluted EPS guidance raised to $3.75-$3.85, up from a prior $3.55 figure
Full-year adjusted operating margin guidance lowered to 20.0% from 20.5%; Q2 adjusted operating margin was 18.5%, down 110 basis points
OGE Energy reported second-quarter 2025 diluted earnings of $0.53 per share, up from $0.51 a year earlier, with net income of $107.5 million and operating revenues of $741.6 million. The company said its 2025 consolidated earnings are expected to land in the top half of its $2.21 to $2.33 per-share guidance range, which assumes normal weather for the rest of the year.
Q2 2025 diluted EPS was $0.53, versus $0.51 in Q2 2024; net income was $107.5 million, versus $102.3 million.
Operating revenues rose to $741.6 million from $662.6 million, while OG&E net income fell to $107.7 million from $109.3 million, which the filing attributes mainly to milder weather.
2025 consolidated EPS guidance remains $2.21 to $2.33, with earnings now expected in the top half of that range.
OGE Energy is constructing about 550 MW of natural gas combustion turbine generation, expected to be operational in 2026.
Regency Centers reported second-quarter 2025 results that improved from a year earlier, with Nareit FFO of $1.16 per diluted share versus $1.06 and net income of $0.56 per diluted share versus $0.54. The company raised its 2025 Nareit FFO guidance to $4.59 to $4.63 per diluted share from $4.52 to $4.58, which is a positive signal for shareholders.
Q2 2025 Nareit FFO was $212.1 million, or $1.16 per diluted share, up from $196.4 million, or $1.06, a year earlier
Same Property NOI, excluding lease termination fees, rose 7.4% for the quarter; 2025 guidance for this measure was raised to 4.5% to 5.0%
2025 Nareit FFO guidance raised to $4.59 to $4.63 per diluted share from $4.52 to $4.58
Subsequent to quarter end, on July 23, 2025, the company acquired five shopping centers in Orange County, CA, for $357 million
Essex Property Trust reported second-quarter 2025 Core FFO of $4.03 per diluted share, up 2.3% from $3.94 a year earlier and $0.07 above the midpoint of its guidance range. The company raised its full-year 2025 Core FFO guidance to $15.80 to $16.02 per diluted share, with a midpoint of $15.91, up $0.10. Reported net income per diluted share rose to $3.44 from $1.45, mainly due to a gain on sale of real estate that the company excludes from Core FFO.
Q2 2025 Core FFO per diluted share $4.03 vs. $3.94 in Q2 2024, up 2.3%
Q2 2025 net income per diluted share $3.44 vs. $1.45, driven primarily by a gain on sale of real estate
Full-year 2025 Core FFO per diluted share guidance raised to $15.80 to $16.02 from $15.56 to $16.06
Same-property revenue growth of 3.2% and NOI growth of 3.3% for Q2 2025 versus Q2 2024
Zurn Elkay Water Solutions reported second-quarter 2025 net sales of $444.5 million, up 8% from $412.0 million a year earlier, and adjusted EPS of $0.42, up 27% from $0.33. The company raised its full-year 2025 adjusted EBITDA outlook to $420 million to $430 million from $405 million to $420 million, which points to a stronger expected year for shareholders.
Q2 net sales were $444.5 million, up 8% year over year; core sales also rose 8%.
GAAP diluted EPS from continuing operations was $0.29, up from $0.26; adjusted EPS was $0.42, up from $0.33.
Full-year 2025 adjusted EBITDA outlook raised to $420 million to $430 million from $405 million to $420 million.
The company repurchased 1.0 million shares for $33 million in the quarter and reported net debt leverage of 0.7x as of June 30, 2025.
Nextracker reported first-quarter fiscal 2026 results for the period ended June 27, 2025, with revenue of $864 million, up 20% from a year earlier, and GAAP diluted EPS of $1.04 versus $0.84. The company raised its fiscal 2026 revenue and profitability ranges, including GAAP diluted EPS of $3.24 to $3.55, and disclosed three robotics and AI acquisitions, which matters to shareholders because it signals stronger growth and a higher profit outlook, while the company also cautions that U.S. policy changes could affect project timing and results.
Q1 FY26 revenue of $864 million, up 20% year over year, but down from $924 million in Q4 FY25
GAAP diluted EPS of $1.04 vs. $0.84 a year earlier; adjusted diluted EPS of $1.16 vs. $0.93
FY26 revenue outlook raised to $3.2 to $3.45 billion; GAAP diluted EPS range raised to $3.24 to $3.55
Three robotics and AI acquisitions made over the past four quarters with an aggregate investment of over $40 million, including contingent earnouts; $743 million cash and no debt at quarter end
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