924 material Form 8-K filings that 737 companies we cover made with the SEC in January 2026, 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).
Houlihan Lokey reported third-quarter fiscal 2026 revenues of $717 million, up from $634 million a year earlier, and GAAP diluted EPS of $1.70, up from $1.39. The company also declared a $0.60 quarterly dividend per share, payable March 15, 2026, which matters to shareholders because higher earnings were paired with a continued cash dividend.
Revenue by segment: Corporate Finance $474 million (up 12%), Financial Restructuring $156 million (up 19%), Financial and Valuation Advisory $87 million (up 6%)
Adjusted diluted EPS (non-GAAP) was $1.94, compared with $1.64 a year earlier
Dividend of $0.60 per share, record date March 2, 2026, payable March 15, 2026
Unrestricted cash and investment securities totaled $1.18 billion as of December 31, 2025
Southside Bancshares reported fourth-quarter 2025 net income of $21.0 million, down 3.7% from $21.8 million a year earlier, with diluted EPS of $0.70 versus $0.71. The decline came from a $7.3 million loss on the sale of available-for-sale securities, which offset higher net interest income of $57.2 million. For the full year, net income fell 21.8% to $69.2 million and diluted EPS fell to $2.29 from $2.91.
Q4 2025 net income $21.0 million vs. $21.8 million in Q4 2024; diluted EPS $0.70 vs. $0.71
Q4 2025 included a $7.3 million net loss on sale of AFS securities, after roughly $82 million of municipal securities were sold at the end of October
Full-year 2025 net income $69.2 million, down 21.8%; diluted EPS $2.29 vs. $2.91 in 2024
Net interest margin rose four basis points linked quarter to 2.98% (tax-equivalent); $93 million of subordinated notes to be redeemed February 15, 2026
Liberty Energy reported fourth quarter and full year 2025 results in an 8-K filed January 28, 2026. For the full year, revenue, net income, and Adjusted EBITDA all declined from 2024, and the company said first quarter 2026 revenue and Adjusted EBITDA are expected to be lower than fourth quarter levels because of pricing headwinds and winter weather. The company also declared a $0.09 quarterly dividend, and it highlighted a 1 GW power development agreement with Vantage Data Centers.
Full year 2025 revenue was $4.0 billion, down 7% from $4.3 billion in 2024; net income was $148 million ($0.89 diluted EPS) versus $316 million ($1.87) in 2024.
Full year 2025 Adjusted EBITDA was $634 million, down 31% from $922 million in 2024.
Fourth quarter 2025 revenue was $1.0 billion, up 10% from the third quarter, but fourth quarter net income was $14 million ($0.08 per share) versus $52 million in the fourth quarter of 2024.
Management expects first quarter 2026 revenue and Adjusted EBITDA to decline sequentially; the Board declared a $0.09 dividend payable March 18, 2026.
WM reported fourth-quarter 2025 revenue of $6.3 billion, up 7.1%, and diluted EPS of $1.83 versus $1.48 a year earlier. Full-year GAAP diluted EPS slipped to $6.70 from $6.81, though adjusted EPS rose to $7.50 from $7.23. For 2026, WM projects revenue of $26.425 billion to $26.625 billion and free cash flow of $3.750 billion to $3.850 billion, and expects to resume share repurchases with about $2 billion planned for the year.
Q4 2025 revenue was $6.313 billion, up 7.1%; GAAP diluted EPS was $1.83 versus $1.48 in Q4 2024.
Full-year 2025 GAAP diluted EPS was $6.70 versus $6.81 in 2024; adjusted diluted EPS was $7.50 versus $7.23.
2026 outlook: revenue of $26.425 billion to $26.625 billion and free cash flow of $3.750 billion to $3.850 billion.
WM plans to return about $3.5 billion to shareholders in 2026 through dividends and share repurchases, including a $0.48 per share dividend increase to $3.78.
Concentra Group Holdings released preliminary, unaudited fourth-quarter and full-year 2025 results that it says exceed its earlier full-year 2025 guidance, and it issued 2026 guidance calling for revenue of $2.25 billion to $2.35 billion. Full-year 2025 earnings per share fell to $1.30 from $1.46 a year earlier, while the company's final results are due February 26, 2026.
Full-year 2025 revenue of $2,163.4 million, up 13.9% from $1,900.2 million in 2024
Full-year 2025 earnings per share of $1.30, versus $1.46 in 2024; fourth-quarter earnings per share of $0.27, versus $0.17 in Q4 2024
2026 guidance: Adjusted EBITDA of $450 million to $470 million and free cash flow of $200 million to $225 million
Final fourth-quarter and full-year 2025 results are scheduled for February 26, 2026, with a conference call on February 27, 2026
Murphy Oil reported fourth-quarter 2025 net income attributable to Murphy of $11.9 million, or $0.08 per diluted share, down from $50.4 million a year earlier, and full-year net income of $104.2 million, down from $407.2 million in 2024. The company also raised its quarterly dividend to $0.35 per share and issued 2026 production and capital spending guidance, which shareholders will weigh against the sharp drop in earnings.
Q4 2025 revenue from production was $613.1 million, versus $669.6 million in Q4 2024; Q4 adjusted net income was $19.7 million, versus $51.0 million.
Full-year 2025 net income attributable to Murphy was $104.2 million, or $0.72 per diluted share, versus $407.2 million in 2024.
Quarterly dividend increased to $0.35 per share, or $1.40 annualized, payable March 2, 2026 to holders of record as of February 17, 2026.
2026 guidance: full-year net production of 167,000 to 175,000 BOEPD and capital expenditures of $1.2 billion to $1.3 billion, excluding noncontrolling interest.
United Rentals reported fourth-quarter 2025 total revenue of $4.208 billion, but net income fell 5.2% to $653 million and diluted EPS was $10.27. The company also gave 2026 guidance calling for total revenue of $16.8 billion to $17.3 billion and adjusted EBITDA of $7.575 billion to $7.825 billion, and announced a new $5 billion share repurchase program plus a 10% dividend increase.
Q4 2025 total revenue was $4.208 billion, versus $4.095 billion a year earlier; net income was $653 million, versus $689 million.
Full-year 2025 total revenue was $16.099 billion and net income was $2.494 billion; full-year diluted EPS was $38.61.
2026 outlook: total revenue $16.8 billion to $17.3 billion; adjusted EBITDA $7.575 billion to $7.825 billion; free cash flow excluding merger and restructuring payments $2.15 billion to $2.45 billion.
The company intends to repurchase $1.5 billion of common stock in 2026, including $1.15 billion under the new program, and the quarterly dividend rises to $1.97 per share.
Meritage Homes reported fourth quarter 2025 net earnings of $84.0 million, or $1.20 per diluted share, down 51% from $172.6 million, or $2.36 per share, a year earlier. Home closing revenue fell 12% to $1.4 billion on 7% fewer closings and lower average prices, and the company recorded $42.9 million of non-recurring charges. The company expects 2026 home closing volume and revenue to be consistent with 2025, assuming no further deterioration in market conditions.
Q4 2025 net earnings $84.0 million ($1.20 per diluted share) vs. $172.6 million ($2.36) in Q4 2024
Full year 2025 net earnings $453.0 million ($6.35 per diluted share), down 42% from $786.2 million
Home closing gross margin 16.5% in Q4 2025 vs. 23.2% a year earlier; adjusted margin 19.3% excluding non-recurring charges
Company anticipates $400 million in share repurchases during 2026, assuming no material changes to market conditions
Hexcel reported fourth-quarter 2025 sales of $491 million, up 3.7% from a year earlier, and GAAP diluted EPS of $0.60 versus $0.07, while adjusted diluted EPS was flat at $0.52. For the full year, sales fell 0.5% to $1,894 million and adjusted diluted EPS fell 13.3% to $1.76, and the company guided 2026 sales of $2.0 billion to $2.1 billion and adjusted EPS of $2.10 to $2.30.
Q4 2025 sales of $491 million vs. $474 million in Q4 2024; Commercial Aerospace sales rose 7.6% to $299.5 million
FY 2025 sales of $1,894 million vs. $1,903 million; FY adjusted diluted EPS of $1.76 vs. $2.03
2026 guidance: sales of $2.0 billion to $2.1 billion, adjusted diluted EPS of $2.10 to $2.30, free cash flow above $195 million
Landstar reported fourth-quarter 2025 revenue of $1,174.5 million, down from $1,209.3 million a year earlier, and EPS of $0.70 versus $1.31. Insurance and claims expense rose to $56 million from about $30 million, which the company said had a significant adverse impact on results. The board declared a $0.40 quarterly dividend, unchanged from the prior quarter's rate in the filing's figures, while earnings declined.
Revenue $1,174.5 million vs. $1,209.3 million; operating income $29.6 million vs. $57.8 million
EPS $0.70 vs. $1.31 in the 2024 fourth quarter
Insurance and claims of $56 million included $16.7 million ($0.37 per share) from three vehicular accidents and a $5.3 million ($0.12 per share) reserve increase
Quarterly dividend of $0.40 per share payable March 11, 2026, to holders of record as of February 18, 2026
Whirlpool reported fourth-quarter and full-year 2025 results and gave 2026 guidance. Fourth-quarter net sales fell 0.9% to $4,098 million and ongoing earnings per diluted share dropped to $1.10 from $4.57, while full-year ongoing EPS fell 49.0% to $6.23. The company expects 2026 ongoing EPS of about $7.00, which would be above its 2025 ongoing result, and plans to pay down about $400 million of debt.
Q4 2025 net sales $4,098 million, down 0.9% year over year; Q4 GAAP EPS $1.91 versus a $7.10 loss a year earlier
Full-year 2025 net sales $15.5 billion, down 6.5%; ongoing EBIT $729 million, down 17.8%
2026 outlook: ongoing EPS about $7.00, GAAP EPS about $6.25, net sales $15.3 to $15.6 billion
2026 free cash flow guided at $400 to $500 million; Whirlpool reduced its stake in Whirlpool of India to about 40% and used proceeds to reduce debt
Beacon Financial reported fourth-quarter 2025 net income of $53.4 million, or $0.64 per share, compared with a net loss of $4.2 million in the third quarter, and its board approved a quarterly dividend of $0.3225 per share. The filing says the quarter included three months of combined results from the September 2025 merger with Brookline Bancorp versus one month in the prior quarter, so results may not be directly comparable to prior periods. For shareholders, the quarter shows a return to profit and a dividend more than double the $0.135 paid a year earlier, while full-year 2025 merger-related charges totaled $70.1 million.
Q4 2025 net income was $53.4 million, or $0.64 per share, versus a net loss of $4.2 million, or $0.05 per share, in Q3 2025.
Q4 2025 operating earnings (non-GAAP) were $66.4 million, or $0.79 per share.
Full-year 2025 net income was $90.3 million, or $1.03 per share, including $70.1 million of merger-related charges.
Quarterly dividend of $0.3225 per share is payable February 27, 2026, to holders of record on February 13, 2026.
Calix reported unaudited fourth-quarter 2025 revenue of $272.4 million, a record that was up 32% from a year earlier and 3% from the prior quarter, and full-year 2025 revenue of $1.0 billion, up 20%. The company guided first-quarter 2026 revenue to $275 million to $281 million, above the fourth-quarter level, but its non-GAAP gross margin guidance midpoint is 75 basis points below the prior quarter.
Q4 2025 GAAP net income was $7.4 million, or $0.10 per diluted share; non-GAAP net income was $27.3 million, or $0.39 per diluted share.
Q1 2026 guidance: revenue $275 million to $281 million; non-GAAP net income per diluted share $0.34 to $0.40.
Non-GAAP gross margin for Q4 2025 was a record 58.0%, but Q1 2026 non-GAAP gross margin guidance midpoint is 57.25%, down 75 basis points, due to overlapping cloud costs during platform migration.
Calix will hold an Investor Day at the New York Stock Exchange on February 24, 2026, and a conference call is set for January 29, 2026.
VIAVI reported preliminary fiscal second-quarter results with net revenue of $369.3 million, up 36.4% from a year earlier, but a GAAP net loss of $48.1 million, compared with net income of $9.1 million a year earlier. The company also approved a restructuring plan on January 23, 2026, with about 5% of its global workforce affected and estimated total charges of about $32 million, which matters to shareholders because it adds near-term costs while targeting about $30 million in annualized savings.
Q2 net revenue $369.3 million, up 36.4% year over year; non-GAAP EPS $0.22, up 69.2%
GAAP diluted EPS $(0.21) versus $0.04 a year earlier; GAAP net loss $48.1 million
Restructuring plan approved January 23, 2026: about 5% of global workforce affected, total charges about $32 million including about $24 million in cash
Plan expected to yield about $30 million in annualized cost savings upon completion; majority of charges expected by end of June 2026
Plexus reported fiscal first quarter 2026 revenue of $1.070 billion, up 10% from a year earlier, with GAAP diluted EPS of $1.51 versus $1.34 a year earlier. The company guided fiscal second quarter revenue to $1.110 billion to $1.150 billion and GAAP diluted EPS to $1.53 to $1.68, and said it now sees potential to meet or exceed the high end of its 9% to 12% revenue growth goal. Free cash flow was negative $50.6 million in the quarter, though the company reconfirmed its fiscal 2026 free cash flow expectation of approximately $100 million.
Q1 fiscal 2026 revenue was $1.070 billion, up 10% year over year and 1% sequentially; GAAP diluted EPS was $1.51 and non-GAAP diluted EPS was $1.78.
Q2 fiscal 2026 guidance: revenue of $1.110 billion to $1.150 billion, GAAP diluted EPS of $1.53 to $1.68, and non-GAAP EPS of $1.80 to $1.95.
Won 22 manufacturing programs representing $283 million in annualized revenue when fully ramped.
Free cash flow was negative $50.6 million for the quarter; the company bought back $22.4 million of shares and has $62.6 million left under its $100.0 million authorization.
C.H. Robinson reported fourth-quarter 2025 results, with total revenues down 6.5% to $3.9 billion and net income down 8.7% to $136.3 million from a year earlier. Adjusted diluted EPS rose 1.7% to $1.23, while GAAP diluted EPS fell 8.2% to $1.12, so shareholders see a mixed picture on the headline measures.
Total revenues fell 6.5% to $3.9 billion, mainly due to the divestiture of the Europe Surface Transportation business and lower ocean pricing and volume.
Net income was $136.3 million, down 8.7% from a year ago.
Diluted EPS was $1.12, down 8.2%; adjusted diluted EPS was $1.23, up 1.7%.
Cash returned to shareholders rose 150.7% to $207.7 million, including $133.3 million in stock repurchases and $74.3 million in dividends.
Deluxe reported fourth-quarter and full-year 2025 results on January 28, 2026. Full-year net income rose to $85.3 million from $52.9 million, and full-year revenue increased 0.5% to $2.13 billion. The company also issued full-year 2026 guidance for revenue, adjusted EBITDA, adjusted diluted EPS and free cash flow.
Full-year 2025 GAAP diluted EPS was $1.87, versus $1.18 in 2024; comparable adjusted diluted EPS rose 12.6% to $3.67.
Fourth-quarter 2025 revenue was $535.3 million, up 2.8%, and net income was $15.1 million, up from $12.6 million.
2026 outlook: revenue of $2.11 to $2.175 billion, adjusted EBITDA of $445 to $470 million, adjusted diluted EPS of $3.90 to $4.30, and free cash flow of approximately $200 million.
Board approved a regular quarterly dividend of $0.30 per share, payable February 23, 2026, to holders of record on February 9, 2026.
First Financial Bancorp reported fourth-quarter 2025 net income of $62.4 million, or $0.64 per diluted share, down from $71.9 million, or $0.75, in the third quarter. For the full year, diluted EPS rose to $2.66 from $2.40 in 2024, and the board approved a $0.25 quarterly dividend. The company said adjusted fourth-quarter EPS of $0.80 was a record, excluding items including a $12.6 million loss on securities.
Q4 2025 net income $62.4 million, or $0.64 per diluted share, versus $71.9 million, or $0.75, in Q3 2025
Full-year 2025 net income $255.6 million, or $2.66 per diluted share, versus $228.8 million, or $2.40, in 2024
Q4 noninterest income was $64.8 million, including a $12.6 million loss on securities; adjusted figure was $77.3 million
Board approved a $0.25 quarterly dividend payable March 16, 2026 to shareholders of record as of March 2, 2026
Annaly Capital Management reported fourth-quarter 2025 results on January 28, 2026. GAAP net income was $1.40 per average common share, up from $1.21 in the third quarter and $0.78 a year earlier, and book value per common share rose to $20.21 from $19.25 at September 30, 2025. The company also declared a $0.70 quarterly common dividend, matching the third quarter.
GAAP net income of $1.40 per average common share for Q4 2025, versus $1.21 in Q3 2025 and $0.78 in Q4 2024.
Earnings available for distribution of $0.74 per average common share for Q4 2025, versus $0.72 in Q4 2024.
Book value per common share of $20.21 at December 31, 2025, up from $19.25 at September 30, 2025.
Common stock cash dividend of $0.70 per share for the fourth quarter; GAAP leverage was 7.2x, up from 7.1x in the prior quarter.
FICO reported results for the first fiscal quarter ended December 31, 2025, in a press release furnished as Exhibit 99.1. Revenue rose 16% to $512.0 million and GAAP diluted EPS was $6.61, up from $6.14, as net income reached $158.4 million. The company reiterated its fiscal 2026 guidance, including revenue of $2.35 billion and GAAP EPS of $33.47, while operating cash flow and free cash flow declined from the prior year.
Revenue of $512.0 million, up 16% from $440.0 million in the prior year period.
GAAP diluted EPS of $6.61 vs $6.14; net income of $158.4 million vs $152.5 million.
Scores revenue rose 29% to $304.5 million; Software revenue rose 2% to $207.5 million.
Operating cash flow was $174.1 million vs $194.0 million; free cash flow was $165.4 million vs $186.8 million. Fiscal 2026 guidance was reiterated, not changed.
Century Communities reported fourth quarter 2025 total revenues of $1.2 billion, net income of $36.0 million ($1.21 per diluted share), and adjusted EPS of $1.59, all down sharply from the year-earlier quarter. Full year 2025 net income was $147.6 million ($4.86 per diluted share), down from $333.8 million in 2024; the company also gave 2026 guidance of 10,000 to 11,000 new home deliveries and $3.6 billion to $4.1 billion in home sales revenues. Net new home contracts rose 9.5% in the quarter, but lower deliveries and profit were the main measures for shareholders.
Q4 2025 net income was $36.0 million, or $1.21 per diluted share, versus $102.7 million, or $3.20 per diluted share, in Q4 2024.
Q4 2025 new home deliveries were 3,030, down from 3,198, while net new home contracts rose to 2,702 from 2,467.
Full year 2025 net income was $147.6 million, or $4.86 per diluted share, versus $333.8 million, or $10.40 per diluted share, in 2024.
2026 guidance: 10,000 to 11,000 new home deliveries and home sales revenues of $3.6 billion to $4.1 billion, assuming no significant changes to the current economic environment.
Southwest reported 2025 net income of $441 million, or $0.79 per diluted share, down 5.2% from $465 million a year earlier, while full-year operating revenues reached a record $28.1 billion, up 2.1%. The company guided 2026 adjusted EPS of at least $4.00, and said Winter Storm Fern is included in its first quarter and full-year outlook.
Q4 2025 net income was $323 million, or $0.61 per diluted share, up from $261 million, or $0.42, a year earlier.
Full-year 2025 adjusted EBIT was $574 million, above prior guidance of $500 million; full-year adjusted EPS was $0.93, down from $0.96.
2026 adjusted EPS guidance is at least $4.00; first quarter 2026 adjusted EPS is guided at least $0.45.
Southwest returned $2.9 billion to shareholders in 2025 through share repurchases and dividends.
CONMED reported fourth-quarter 2025 sales of $373.2 million, up 7.9%, while GAAP diluted earnings per share fell to $0.54 from $1.08, and adjusted EPS rose to $1.43 from $1.34. For 2026, the company expects adjusted diluted EPS of $4.30 to $4.45, compared with $4.59 adjusted for full-year 2025, so shareholders face a lower adjusted earnings outlook despite higher sales.
Q4 2025 net sales $373.2 million, up 7.9% as reported and 7.1% in constant currency; international revenue up 17.0%, domestic up 1.4%
Q4 GAAP diluted EPS $0.54 vs $1.08 a year earlier; adjusted diluted EPS $1.43 vs $1.34
Full-year 2025 net sales $1,374.7 million, up 5.2%; GAAP diluted EPS $1.51 vs $4.25 in 2024; adjusted EPS $4.59 vs $4.17
2026 outlook: reported revenue $1.345 billion to $1.375 billion and adjusted diluted EPS $4.30 to $4.45
Hawkins, Inc. reported fiscal 2026 third-quarter results for the period ended December 28, 2025. Sales rose 8% to $244.1 million and adjusted EBITDA rose 3% to $34.8 million, but diluted EPS fell to $0.69 from $0.72, which the company attributed mainly to about $5 million of higher amortization and interest expense from its acquisitions.
Sales were $244.1 million, up $17.9 million or 8% from a year earlier, with Water Treatment up 21% and Industrial Solutions up 10%.
Food & Health Sciences sales fell 10% to $70.0 million.
Net income was $14.3 million, or $0.69 per diluted share, versus $15.0 million, or $0.72, a year earlier.
Total debt was $264.0 million at quarter end, and the leverage ratio was 1.47x trailing 12-month adjusted EBITDA.
Raymond James reported net revenues of $3.74 billion for the fiscal first quarter ended December 31, 2025, up 6% from a year earlier and a company record. Net income available to common shareholders fell 6% to $562 million, or $2.79 per diluted share, from $599 million, or $2.86 per diluted share, a year earlier, as the effective tax rate rose to 22.7% from 19.9%.
Net revenues of $3.74 billion, up 6% from $3.537 billion in the prior-year fiscal first quarter.
Net income available to common shareholders of $562 million, down from $599 million; adjusted net income of $577 million excludes $15 million of acquisition-related expenses, net of tax.
Quarterly cash dividend raised 8% to $0.54 per share; $400 million of common stock repurchased during the quarter.
In December the Board authorized up to $2 billion of common stock repurchases, replacing the prior authorization; $1.9 billion remained available as of December 31, 2025.
ServiceNow reported fourth-quarter 2025 total revenue of $3,568 million, up 20.5% from a year earlier, and GAAP net income of $401 million, or $0.38 per diluted share, compared with $384 million, or $0.37, in the same quarter of 2024. The company also gave first-quarter and full-year 2026 subscription revenue guidance and said its board authorized an additional $5.0 billion in share repurchases, which it said will help manage dilution.
Q4 2025 total revenue $3,568 million (up 20.5%); subscription revenue $3,466 million (up 21%)
Q4 2025 income from operations $443 million, up from $374 million a year earlier
Full-year 2026 GAAP subscription revenue guidance of $15,530 million to $15,570 million
Board authorized $5.0 billion in additional repurchases; about $1.4 billion remained under prior authorizations as of December 31, 2025, and a $2 billion accelerated share repurchase is planned
Las Vegas Sands reported fourth-quarter 2025 results with net revenue of $3.65 billion, up from $2.90 billion a year earlier, and net income attributable to the company of $395 million, up from $324 million. The company also repurchased $500 million of its common stock during the quarter and announced a next quarterly dividend of $0.30 per share.
Net income attributable to Las Vegas Sands Corp. was $395 million, or $0.58 per diluted share, versus $324 million, or $0.45 per diluted share, in the fourth quarter of 2024.
Adjusted earnings per diluted share, a non-GAAP measure, were $0.85 versus $0.54 a year earlier.
Consolidated adjusted property EBITDA was $1.41 billion, compared with $1.11 billion in the prior year quarter.
The company repurchased $500 million of common stock, and its next quarterly dividend of $0.30 per share is payable February 18, 2026.
Tesla reported fourth-quarter 2025 results, with revenue down 3% year over year to $24.9 billion and GAAP net income attributable to common stockholders down 61% to $840 million. For shareholders, the profit decline is the key takeaway, though gross margin rose to 20.1% and the company ended the quarter with $44.1 billion in cash and investments.
Q4 2025 GAAP diluted EPS was $0.24, down 60% year over year; non-GAAP diluted EPS was $0.50, down 17%.
Q4 2025 total revenue was $24.9 billion, down 3% year over year, while GAAP gross margin rose to 20.1% from 16.3%.
Full-year 2025 revenue was $94.8 billion, down 3%, and GAAP net income attributable to common stockholders was $3.8 billion, down 46%.
Q4 2025 free cash flow was $1.4 billion; on January 16, 2026, Tesla agreed to invest approximately $2 billion in xAI Series E Preferred Stock, with closing expected in Q1 2026.
IBM reported fourth-quarter 2025 revenue of $19.7 billion, up 12%, and full-year revenue of $67.5 billion, up 8%. GAAP diluted earnings per share were $5.86, versus $3.11 a year earlier, helped by a tax benefit tied to the resolution of tax audit matters. The company expects full-year 2026 constant currency revenue growth of more than 5% and about $1 billion more free cash flow than in 2025.
Q4 2025 revenue $19.7 billion, up 12%; Software up 14%, Infrastructure up 21%, Consulting up 3%
Q4 GAAP diluted EPS $5.86 vs. $3.11 a year earlier; operating (non-GAAP) EPS $4.52 vs. $3.92
Full-year 2025 free cash flow $14.7 billion; 2026 expectation is about $1 billion year-over-year increase
Quarterly dividend of $1.68 per share declared, payable March 10, 2026 to holders of record February 10, 2026
First Interstate BancSystem reported fourth-quarter 2025 net income of $108.8 million, or $1.08 per diluted share, up from $71.4 million in the third quarter and $52.1 million a year earlier. The results include a $62.7 million gain from the sale of its Arizona and Kansas branches, which closed on October 10, 2025, and the board raised its stock repurchase authorization by $150.0 million, to $300.0 million in total since August 2025.
Q4 2025 net income of $108.8 million, or $1.08 per diluted share, versus $0.69 in Q3 2025 and $0.50 in Q4 2024
$62.7 million gain from the sale of the Arizona and Kansas branches, which closed on October 10, 2025, was the main driver of higher noninterest income
Net interest income fell 3.7% year over year to $206.4 million in Q4 2025, while net interest margin rose to 3.36%
Board authorized an additional $150.0 million for buybacks on January 27, 2026, and declared a $0.47 per share dividend payable February 20, 2026 to holders of record as of February 10, 2026
Lam Research reported revenue of $5.34 billion and U.S. GAAP diluted EPS of $1.26 for the quarter ended December 28, 2025, both up from the September 2025 quarter. The company guided March 2026 quarter revenue to $5.70 billion, plus or minus $300 million, and GAAP diluted EPS to $1.35, plus or minus $0.10, which is above the December quarter results.
Revenue was $5.34 billion, compared with $5.32 billion in the September 2025 quarter and $4.38 billion a year earlier.
U.S. GAAP diluted EPS was $1.26, up from $1.24; non-GAAP diluted EPS was $1.27, up from $1.26.
U.S. GAAP gross margin fell to 49.6% from 50.4%, and operating income as a percentage of revenue fell to 33.9% from 34.4%.
Guidance for the quarter ending March 29, 2026: revenue of $5.70 billion plus or minus $300 million and U.S. GAAP diluted EPS of $1.35 plus or minus $0.10.
Merchants Bancorp furnished a press release with its fourth quarter and full-year 2025 results as Exhibit 99.1 to this 8-K. Q4 net income rose 24% from the third quarter but fell 29% from a year earlier, and full-year 2025 net income fell 32% to $218.8 million, with diluted EPS of $3.78, down 40%. Credit metrics improved in the quarter, with criticized loans down 13% and total delinquencies down 38% from September 30, 2025.
Q4 2025 net income was $67.8 million, or $1.28 diluted EPS, down from $95.7 million, or $1.85, in Q4 2024 but up from $54.7 million, or $0.97, in Q3 2025.
Full-year 2025 net income was $218.8 million, down $101.6 million, or 32%, from 2024; diluted EPS was $3.78, down 40%.
Criticized loans fell 13% from September 30, 2025 to $508.2 million; non-performing loans were $197.8 million, or 1.79% of loans receivable.
Total assets were $19.4 billion and total deposits were $13.0 billion as of December 31, 2025; tangible book value per share was a record $37.51.
Microsoft reported results for the quarter ended December 31, 2025, with revenue of $81.3 billion, up 17%, and operating income of $38.3 billion, up 21%. GAAP net income was boosted by $7.6 billion of net gains from OpenAI investments, so non-GAAP diluted EPS of $4.14, up 24%, excludes that effect and is the better gauge of core operations for shareholders.
Revenue $81.3 billion, up 17%; Microsoft Cloud revenue $51.5 billion, up 26%
Azure and other cloud services revenue up 39%; commercial remaining performance obligation up 110% to $625 billion
GAAP diluted EPS $5.16, up 60%; non-GAAP diluted EPS $4.14, up 24%, excluding OpenAI investment gains
Shareholder returns of $12.7 billion in dividends and buybacks, up 32% from a year earlier
Meta reported fourth-quarter 2025 revenue of $59.89 billion, up 24%, and diluted EPS of $8.88, up 11%, but full-year net income fell 3% to $60.46 billion and diluted EPS fell 2% to $23.49 after a valuation allowance charge tied to the One Big Beautiful Bill Act raised the full-year tax provision to $25.47 billion. The company guided to 2026 total expenses of $162-169 billion and capital expenditures of $115-135 billion, and said it expects 2026 operating income to exceed 2025 operating income.
Q4 2025 revenue was $59.89 billion, up 24% year over year; income from operations rose 6% to $24.75 billion, and operating margin fell to 41% from 48%.
Full-year 2025 effective tax rate was 30%, versus 12% in 2024; the company said it would have been 13% absent the charge.
Q1 2026 revenue guidance is $53.5-56.5 billion, with an assumed foreign currency tailwind of about 4%.
Capital expenditures were $72.22 billion in 2025; 2026 capital expenditures are expected at $115-135 billion.
SEI Investments reported fourth-quarter 2025 revenue of $607.9 million, up 9% from a year earlier, and diluted earnings per share of $1.38, up 16%. Results included about $0.08 of EPS reduction from $20.1 million of severance and M&A fees tied to the Stratos acquisition, which was completed in the quarter for $440.8 million in cash.
Q4 2025 operating income was $161.6 million, up 11%, and operating margin was 27%.
Full-year 2025 revenue was $2.30 billion, up 8%, and diluted EPS was $5.63, up 28% from $4.41.
SEI repurchased 1.2 million shares for $101.0 million in Q4 2025, bringing 2025 repurchases to 7.5 million shares.
Fourth-quarter net sales events totaled $43.6 million, and full-year net sales events reached $149.9 million.
Progressive reported December 2025 net income of $1.147 billion, up 22% from $942 million a year earlier, and full-year 2025 net income of $11.308 billion, up from $8.480 billion in 2024. The company also said CFO John Sauerland will retire on July 3, 2026, and Chief Strategy Officer Andrew Quigg is expected to succeed him.
December 2025 net income was $1.147 billion versus $942 million; diluted EPS was $1.95 versus $1.60.
December combined ratio was 87.1 versus 84.1 a year earlier, a higher (less favorable) figure.
Full-year 2025 net income was $11.308 billion versus $8.480 billion; full-year diluted EPS was $19.23 versus $14.40.
Sauerland retires July 3, 2026; Quigg is expected to be appointed CFO upon his retirement.
NVR reported fourth-quarter 2025 net income of $363.8 million, or $121.54 per diluted share, down 20% and 13% from a year earlier, on revenue of $2.71 billion versus $2.85 billion. For the full year, net income was $1.34 billion, down 20%, and diluted earnings per share were $436.55, down 14%. Shareholders are affected because profit and per-share earnings declined in both periods, with lower gross margins and land deposit impairments cited as pressures.
Q4 2025 homebuilding gross profit margin was 20.4%, down from 23.6% in Q4 2024, with contract land deposit impairments of approximately $35.7 million
Full-year 2025 diluted EPS was $436.55 versus $506.69 in 2024; full-year revenue was $10.32 billion, down 2%
Q4 2025 new orders rose 3% to 4,951 units, while settlements fell 8% to 5,668 units
NVR repurchased 243,082 shares for $1.82 billion in 2025
Provident Financial Services reported fourth-quarter 2025 net income of $83.4 million, or $0.64 per share, up from $71.7 million in the prior quarter, along with record quarterly revenue of $225.7 million. Full-year 2025 net income was $291.2 million, or $2.23 per share, compared with $115.5 million in 2024, a year that included $117.0 million of Lakeland merger costs. The company also set the date for its 2026 annual meeting of stockholders.
Q4 2025 net income of $83.4 million, or $0.64 per share, versus $71.7 million ($0.55) in Q3 2025 and $48.5 million ($0.37) in Q4 2024.
Record quarterly revenue of $225.7 million, including record net interest income of $197.4 million and non-interest income of $28.3 million.
Full-year 2025 net income of $291.2 million, or $2.23 per share, versus $115.5 million ($1.05) in 2024.
Annual Meeting of Stockholders set for May 21, 2026, as a virtual meeting; record date is March 27, 2026.
Capitol Federal Financial reported first quarter fiscal 2026 net income of $20.3 million, or $0.16 per share, for the quarter ended December 31, 2025, up from $18.8 million, or $0.14 per share, in the prior quarter. The increase was due primarily to higher net interest income, and the company repurchased 2,376,633 shares for $16.3 million and declared a quarterly dividend of $0.085 per share. Its Federal Reserve non-objection for up to $75 million of buybacks expires in February 2026.
Net income of $20.3 million, or $0.16 per share, versus $18.8 million, or $0.14 per share, for the quarter ended September 30, 2025
Net interest margin rose to 2.19% from 2.09%; efficiency ratio improved to 53.66% from 56.84%
Quarterly cash dividend of $0.085 per share payable February 20, 2026 to holders of record on February 6, 2026
Repurchased 2,376,633 shares for $16.3 million; $54.8 million remains under the current authorization
First Commonwealth Financial reported fourth-quarter 2025 net income of $44.9 million, or $0.43 per diluted share, up from $41.3 million and $0.39 in the prior quarter and from $35.8 million and $0.35 a year earlier. For full-year 2025, net income was $152.3 million, or $1.47 per share, compared with $142.6 million, or $1.39, in 2024. The company also declared a $0.135 quarterly dividend and authorized an additional $25.0 million share repurchase program.
Q4 2025 net income $44.9 million ($0.43 diluted EPS), vs. $41.3 million ($0.39) in Q3 2025 and $35.8 million ($0.35) in Q4 2024
Full-year 2025 net income $152.3 million ($1.47 diluted EPS), vs. $142.6 million ($1.39) in 2024
Quarterly cash dividend of $0.135 per share, payable February 20, 2026 to holders of record as of February 6, 2026
Board authorized an additional $25.0 million share repurchase program; Executive Vice President Norman Montgomery plans to retire May 1, 2026
Amphenol reported fourth-quarter and full-year 2025 results that the company called records, with sales up 49% for the quarter and 52% for the year. The company also expects first-quarter 2026 sales of $6.90 billion to $7.00 billion and Adjusted Diluted EPS of $0.91 to $0.93, which it says includes the CommScope CCS business it closed in January 2026.
Q4 2025 sales were $6.4 billion, up 49% in U.S. dollars; GAAP diluted EPS was $0.93, up 58%, and Adjusted Diluted EPS was $0.97, up 76%
Full-year 2025 sales were $23.1 billion, up 52%; GAAP diluted EPS was $3.34, up 74%
Q1 2026 outlook: sales of $6.90 billion to $7.00 billion and Adjusted Diluted EPS of $0.91 to $0.93
Returned nearly $1.5 billion to shareholders in 2025 through buybacks and dividends
Badger Meter reported fourth-quarter 2025 sales of $220.7 million, up 8% from a year earlier, and diluted earnings per share of $1.14, up from $1.04. For full year 2025, sales reached a record $916.7 million, up 11%, and diluted EPS was $4.79, up 13%, with the SmartCover acquisition contributing to growth. Management said Base revenue growth is expected to stay below its five-year outlook through the first half of 2026.
Q4 2025 operating earnings were $43.0 million, up 10%, with an operating margin of 19.5%.
Full year 2025 operating earnings rose 16% to $183.4 million; cash provided by operations was $183.7 million.
Management expects Base revenue growth to remain lower than its five-year outlook until several awarded projects begin in the first half of 2026 ending.
The Puerto Rico Aqueduct and Sewer Authority selected Badger Meter's cellular AMI solution for a project covering 1.6 million service connections.
Avnet reported fiscal second-quarter 2026 results for the quarter ended December 27, 2025, with sales of $6.3 billion, up 11.6% from a year earlier, and adjusted diluted EPS of $1.05, up 20.7%. GAAP diluted EPS fell 24.2% to $0.75 from $0.99, and the company cited restructuring, integration and other expenses of $25.2 million in the quarter. Avnet also gave third-quarter guidance of $6.20 billion to $6.50 billion in sales and $1.20 to $1.30 in adjusted diluted EPS.
Sales of $6.3 billion, up 11.6% year over year; Asia sales of $3.2 billion were a record
GAAP diluted EPS of $0.75 versus $0.99 a year earlier; adjusted diluted EPS of $1.05 versus $0.87
Quarter results exceeded the high end of the company's sales and adjusted EPS guidance ranges
Q3 fiscal 2026 guidance: sales of $6.20 billion to $6.50 billion and adjusted diluted EPS of $1.20 to $1.30
General Dynamics reported fourth-quarter 2025 revenue of $14.4 billion, up 7.8%, with diluted EPS of $4.17 versus $4.15 a year earlier, while net earnings of $1.1 billion were down 0.4%. For the full year, net earnings rose 11.3% to $4.2 billion and diluted EPS rose 13.4% to $15.45 on revenue of $52.6 billion, up 10.1%. The filing does not include 2026 guidance, which management presented on its earnings call.
Q4 2025 revenue $14.4 billion, up 7.8%; net earnings $1.1 billion, down 0.4%; diluted EPS $4.17 vs. $4.15
Full-year 2025 net earnings $4.2 billion, up 11.3%; diluted EPS $15.45, up 13.4%
M/I Homes reported fourth-quarter and full-year 2025 results, with revenue and profit both lower than in 2024. Fourth-quarter net income fell to $64 million ($2.39 per diluted share) from $134 million ($4.71), and results included $51 million in inventory and warranty charges. For shareholders, the filing shows lower earnings per share for both periods, with the company also reporting $202 million in stock repurchases for 2025.
Q4 2025 revenue declined 5% to $1.1 billion; homes delivered fell 4% to 2,301
Q4 2025 net income was $64 million ($2.39 per diluted share), versus $134 million ($4.71) in Q4 2024; $3.91 excluding charges
Full-year 2025 net income was $403 million ($14.74 per diluted share), versus $19.71 in 2024; revenue declined 2% to $4.4 billion
Company repurchased $202 million of stock in 2025 and reported record shareholders' equity of $3.2 billion
Starbucks reported fiscal first-quarter 2026 results for the quarter ended December 28, 2025. Revenue rose 6% to $9.9 billion and global comparable store sales rose 4%, but GAAP earnings per share fell 62% to $0.26, as GAAP operating margin contracted to 9.0% and the effective tax rate rose to 61.7% after China retail operations were classified as held for sale. The company also introduced fiscal 2026 non-GAAP EPS guidance of $2.15 to $2.40, compared with non-GAAP EPS of $0.56 for the quarter.
Global comparable store sales rose 4%, and U.S. comparable transactions grew for the first time in eight quarters.
GAAP EPS was $0.26 versus $0.69 a year earlier; non-GAAP EPS was $0.56, down 19%.
GAAP operating margin was 9.0%, down 290 basis points; the effective tax rate was 61.7% versus 23.6%.
Fiscal 2026 non-GAAP EPS guidance is $2.15 to $2.40; the China joint venture with Boyu Capital is expected to close in the spring, subject to regulatory approvals.
Scotts Miracle-Gro reported first-quarter net sales of $354.4 million, down 3% from a year earlier, and a net loss of $125.0 million, compared with $69.5 million a year earlier. The larger loss reflects a $77.2 million loss from discontinued operations tied to Hawthorne, which is being sold to Vireo Growth, Inc. The company reaffirmed its fiscal 2026 guidance and authorized a $500 million share repurchase program, with repurchases expected to begin in late 2026.
Net sales were $354.4 million, down 3% from $366.6 million in the prior-year quarter.
Net loss from continuing operations narrowed to $47.8 million, or $0.83 per share, from $66.1 million, or $1.15 per share; total net loss was $125.0 million, or $2.16 per share.
Hawthorne sale to Vireo Growth, Inc. is in advanced discussions, with closing anticipated in the fiscal second quarter.
Board approved a share repurchase program of up to $500 million; fiscal 2026 guidance, including $275 million of free cash flow, was reaffirmed.
Central Pacific Financial reported fourth-quarter 2025 net income of $22.9 million, or $0.85 per diluted share, up from $18.6 million, or $0.69, in the prior quarter and $11.3 million, or $0.42, a year earlier. The board also authorized a new $55 million share repurchase program for 2026 and raised the quarterly dividend 3.6% to $0.29 per share, which matters to shareholders for capital returns.
Q4 2025 net income $22.9 million, diluted EPS $0.85, versus $0.69 in Q3 2025 and $0.42 in Q4 2024
Full-year 2025 net income $77.5 million, diluted EPS $2.86, versus $53.4 million and $1.97 in 2024
New share repurchase program of up to $55 million authorized January 27, 2026
Quarterly dividend increased to $0.29 per share from $0.28, payable March 16, 2026 to holders of record February 27, 2026
Extreme Networks reported fiscal second-quarter revenue of $317.9 million, up 14% from a year earlier, and GAAP diluted EPS of $0.06, unchanged from last year. The CFO said the company is raising its fiscal 2026 revenue outlook, which now targets $1,262.0 million to $1,270.0 million, while GAAP operating margin fell to 4.1% from 4.5%.
Q2 revenue $317.9 million, up from $279.4 million a year earlier
GAAP diluted EPS $0.06 versus $0.06 last year; non-GAAP diluted EPS $0.26 versus $0.21
FY26 revenue target raised to $1,262.0 million to $1,270.0 million; FQ3 revenue target $309.1 million to $314.1 million
GAAP operating margin 4.1% versus 4.5% last year; ending cash $219.8 million
Corning reported fourth-quarter 2025 GAAP sales of $4.22 billion, up 20% from a year earlier, and GAAP diluted EPS of $0.62 versus $0.36. It also forecast first-quarter 2026 core sales of $4.2 billion to $4.3 billion and core EPS of $0.66 to $0.70, and raised its internal Springboard sales target, which matters to shareholders because it signals expected growth and profit gains.
Q4 2025 GAAP sales $4.22 billion (up 20% year over year); core sales $4.41 billion (up 14%)
Q4 2025 GAAP EPS $0.62 vs. $0.36 a year earlier; core EPS $0.72, up 26%
Full-year 2025 GAAP sales $15.63 billion; GAAP EPS $1.83 vs. $0.58 in 2024
Q1 2026 outlook: core sales $4.2 billion to $4.3 billion; core EPS $0.66 to $0.70; Meta agreement up to $6 billion
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.