1,673 material Form 8-K filings that 1,260 companies we cover made with the SEC in February 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).
Ventas reported fourth-quarter and full-year 2025 results that showed higher revenue, net income and per-share measures than a year earlier. The company also gave 2026 per-share guidance above its 2025 results and declared a quarterly dividend of $0.52, an 8% increase.
Q4 2025 total revenues were $1.57 billion, up from $1.29 billion in Q4 2024; Q4 Attributable Net Income per share was $0.15 versus $0.13.
Full-year 2025 Normalized FFO per share was $3.48, up 9% from $3.19; Nareit FFO per share was $3.50, up 11%.
2026 Normalized FFO per share guidance midpoint is $3.83, based on a methodology change that excludes stock-based compensation expense starting in Q1 2026.
Quarterly dividend of $0.52 per share is payable April 16, 2026 to holders of record on March 31, 2026.
Viasat reported third-quarter fiscal 2026 results on February 5, 2026. Revenue rose 3% to $1.2 billion and net income of $25 million improved from a net loss of $158 million a year earlier, though Adjusted EBITDA fell 2% to $387 million. Management kept its fiscal 2026 revenue and Adjusted EBITDA outlook, now expects positive fiscal 2026 free cash flow, and said it is still evaluating strategic options, including separating its government and commercial businesses.
Revenue of $1.2 billion, up 3% year over year; net income of $25 million versus a net loss of $158 million in Q3 FY2025
Net income gain was primarily due to higher interest income on the deferral of Ligado's quarterly fees, which were received as part of a lump sum payment
Adjusted EBITDA of $387 million, down 2%; operating cash flow of $307 million and free cash flow of $24 million, both excluding the $420 million Ligado lump sum payment
FY2026 outlook: low single-digit revenue growth and flat Adjusted EBITDA; capital expenditures of $1.0 billion to $1.1 billion; now expects positive free cash flow for FY2026
Mettler-Toledo reported fourth-quarter 2025 reported sales of $1.130 billion, up 8%, and adjusted EPS of $13.36, up 8%. For 2026 it forecasts adjusted EPS of $46.05 to $46.70, up from its prior range of $45.35 to $46.00, while keeping local currency sales growth guidance at about 4%. The company's full-year 2025 adjusted operating profit of $1.193 billion was slightly below the prior year's $1.200 billion.
Q4 2025 reported sales rose 8% to $1.130 billion; local currency sales rose 5%, including a 1% benefit from acquisitions.
Q4 2025 diluted EPS was $13.98 versus $11.96, including a non-cash discrete tax benefit of $0.95 per share; adjusted EPS was $13.36 versus $12.41.
Full-year 2025 reported sales rose 4% to $4.026 billion and adjusted EPS rose 4% to $42.73, while adjusted operating profit fell 1% to $1.193 billion.
2026 adjusted EPS guidance is $46.05 to $46.70 versus the prior $45.35 to $46.00; first-quarter 2026 adjusted EPS is forecast at $8.60 to $8.75.
Regency Centers reported fourth-quarter and full-year 2025 results on February 5, 2026, with core operating earnings and Nareit FFO per diluted share higher than a year earlier. The company also issued initial 2026 guidance, which projects core operating earnings of $4.59 to $4.63 per share, above the $4.41 reported for 2025. Reported net income per share is expected to fall to $2.35 to $2.39 in 2026, from $2.82 in 2025, which included a $72.2 million gain from a partial distribution-in-kind transaction.
Q4 2025 Nareit FFO was $1.17 per diluted share, up from $1.09 a year earlier
Full-year 2025 core operating earnings were $4.41 per diluted share, up 6.8% from $4.13 in 2024
2026 guidance: Nareit FFO of $4.83 to $4.87 and core operating earnings of $4.59 to $4.63 per diluted share
2026 net income per diluted share guidance of $2.35 to $2.39, versus $2.82 in 2025 that included a $72.2 million gain
Amazon reported fourth quarter 2025 net sales up 14% to $213.4 billion, operating income of $25.0 billion, and diluted earnings per share of $1.95, all higher than a year earlier. Results include $2.4 billion of special charges, and first quarter 2026 operating income guidance of $16.5 billion to $21.5 billion includes about $1 billion of higher Amazon Leo costs. For shareholders, the profit gains come alongside a sharp drop in trailing twelve-month free cash flow to $11.2 billion, as the company expects about $200 billion of capital expenditures in 2026.
Net income $21.2 billion, or $1.95 per diluted share, versus $1.86 in fourth quarter 2024.
Fourth quarter operating income included $2.4 billion in special charges; excluding them, operating income would have been $27.4 billion.
First quarter 2026 guidance: net sales $173.5 billion to $178.5 billion; operating income $16.5 billion to $21.5 billion, compared with $18.4 billion in first quarter 2025.
Trailing twelve-month free cash flow fell to $11.2 billion from $38.2 billion, driven by a $50.7 billion year-over-year increase in property and equipment purchases.
COPT Defense Properties reported results for the quarter and year ended December 31, 2025 in an earnings release filed as Exhibit 99.1 to this 8-K. Q4 2025 net income was $39.4 million, up from $36.5 million in Q4 2024, and full-year 2025 net income was $159.5 million, up from $143.9 million in 2024. Results rose across the headline measures, which supports the shareholder case for the company's per-share earnings and funds-from-operations growth.
Q4 2025 diluted EPS was $0.33, compared with $0.31 in Q4 2024; full-year 2025 diluted EPS was $1.34, compared with $1.23 in 2024
Q4 2025 FFO per Nareit share was $0.70, compared with $0.64 in Q4 2024; full-year 2025 FFO per share was $2.72, compared with $2.57 in 2024
Q4 2025 total revenues were $197.4 million, compared with $183.4 million in Q4 2024
Total debt was $2.77 billion at December 31, 2025, up from $2.44 billion at September 30, 2025
FirstCash reported fourth-quarter 2025 revenue of $1.06 billion, up 20% from $884 million a year earlier, and GAAP diluted earnings per share of $2.35, up 26%. For full-year 2025, GAAP diluted EPS rose 29% to $7.42, and the company also declared a $0.42 per share quarterly dividend, but it expects 2026 net revenue at its AFF payment solutions segment to decline 5% to 10%.
Q4 2025 revenue was $1,058.4 million versus $883.8 million in Q4 2024; GAAP net income was $104.2 million.
Full-year 2025 GAAP net income was $330 million and diluted EPS was $7.42, versus $5.73 in 2024.
Board declared a $0.42 per share dividend, payable February 27, 2026, to holders of record as of February 18, 2026.
2026 outlook expects AFF net revenue to fall 10% to 15% in the first half and 5% to 10% for the full year, while U.K. pawn segment income is expected at $115 million to $125 million.
Encompass Health reported fourth-quarter 2025 net operating revenue of $1.54 billion, up 9.9% from a year earlier, and diluted earnings per share from continuing operations of $1.42, up from $1.18. The company also issued 2026 guidance, including adjusted earnings per share of $5.81 to $6.10, which gives shareholders a company-set benchmark for the year ahead.
Q4 2025 net operating revenue was $1.54 billion, up 9.9% from $1.41 billion in Q4 2024.
Q4 2025 adjusted EBITDA was $335.6 million, up 15.9%; adjusted EPS was $1.46, up 24.8%.
2026 guidance: net operating revenue of $6.365 billion to $6.465 billion and adjusted EBITDA of $1.340 billion to $1.380 billion.
The company will hold its earnings call at 10:00 a.m. Eastern Time on February 6, 2026.
Dave Inc. said preliminary, unaudited results show 2025 revenue and Adjusted EBITDA above the top end of its guidance, and fourth-quarter 28-day delinquency between 1.95% and 2.00%, better than its prior expectation of below 2.10%. The figures remain subject to year-end closing procedures and could differ from the audited results. Full results and the 2026 outlook are scheduled for March 2, 2026.
Full-year 2025 revenue is expected at $554 million, up 60% from $347 million in 2024 and above the $544-$547 million guidance range.
Full-year 2025 Adjusted EBITDA is expected at $227 million, up from $86 million in 2024 and above the $215-$218 million guidance range.
Fourth-quarter 2025 revenue is expected at $164 million, up 62% from $101 million a year earlier.
Full audited results and the Form 10-K are due March 2, 2026, with a conference call at 5:00 p.m. Eastern time.
Reinsurance Group of America reported fourth-quarter 2025 net income available to shareholders of $463 million, or $6.97 per diluted share, up from $148 million, or $2.22 per share, a year earlier. Full-year net income was $1,182 million, or $17.69 per diluted share, compared with $717 million, or $10.73 per share, in 2024, while full-year net premiums fell 3.4%. The board also declared a $0.93 quarterly dividend and authorized a share repurchase program of up to $500 million.
Q4 adjusted operating income was $515 million, or $7.75 per diluted share, versus $334 million, or $4.99 per share, in Q4 2024.
Q4 net premiums rose 15.0% to $4.8 billion, while full-year net premiums fell 3.4% to $17.2 billion.
On January 29, 2026, the board authorized repurchases of up to $500 million of common stock, with no expiration date.
The $0.93 quarterly dividend is payable March 3, 2026, to shareholders of record as of February 17, 2026.
Microchip reported third-quarter fiscal 2026 net sales of $1.186 billion, up 15.6% from a year earlier and up 4.0% sequentially. GAAP net income attributable to common stockholders was $34.9 million, or $0.06 per diluted share, compared with a loss of $53.6 million, or $0.10 per share, a year earlier. The company guided fourth-quarter fiscal 2026 net sales to $1.240 billion to $1.280 billion and declared a quarterly dividend of 45.5 cents per share.
Net sales $1.186 billion, up 15.6% from $1.026 billion in the year-ago quarter and up 4.0% sequentially; the updated guidance given January 5, 2026 was $1.185 billion.
Non-GAAP diluted EPS $0.44, up from $0.20; GAAP diluted EPS $0.06, up from a loss of $0.10. The updated guidance for non-GAAP EPS was $0.40.
Fourth-quarter fiscal 2026 net sales guidance of $1.240 billion to $1.280 billion; GAAP diluted EPS guidance of $0.08 to $0.12.
Quarterly common dividend of 45.5 cents per share, payable March 10, 2026 to holders of record on February 23, 2026.
ESCO Technologies reported first-quarter fiscal 2026 sales of $290 million, up 35% from a year earlier, and GAAP earnings per share from continuing operations of $1.11, up 41%. The company raised its full-year adjusted EPS guidance to $7.90 to $8.15 per share, which the filing says reflects a midpoint increase of $0.38.
Q1 sales rose $75 million (35.0%) to $290 million; entered orders rose 143% to $557 million.
GAAP EPS from continuing operations was $1.11, up from $0.79; adjusted EPS was $1.64, up from $0.95.
Full-year fiscal 2026 revenue guidance raised by $20 million to $1.29 billion to $1.33 billion; adjusted EPS guidance raised to $7.90 to $8.15 from $7.50 to $7.80.
Quarterly dividend of $0.08 per share is payable April 17, 2026 to holders of record on April 2, 2026.
Envista reported fourth-quarter 2025 sales of $751 million, up from $652.9 million a year earlier, and GAAP net income of $33 million, compared with $1 million in the prior-year quarter. The company also issued full-year 2026 guidance calling for core sales growth of 2% to 4% and adjusted diluted EPS of $1.35 to $1.45, giving shareholders a first look at its outlook for the year.
Q4 2025 sales were $751 million, with core sales growth of 10.8%.
Q4 2025 GAAP diluted EPS was $0.20 versus $0.01 a year earlier; adjusted diluted EPS was $0.38 versus $0.24.
2026 guidance: core sales growth of 2% to 4%, adjusted EBITDA growth of 7% to 13%, adjusted diluted EPS of $1.35 to $1.45.
Full-year 2025 share repurchases totaled about $166 million, with about $84 million of repurchase capacity remaining at year-end.
Reddit reported fourth-quarter 2025 revenue of $726 million, up 70% year over year, and net income of $252 million, compared with $71 million a year earlier. The company also gave first-quarter 2026 estimates of $595 million to $605 million in revenue and $210 million to $220 million in Adjusted EBITDA, and its board authorized up to $1 billion in Class A share repurchases, which the company may suspend or discontinue at any time.
Q4 2025 revenue was $726 million, up 70% year over year; ad revenue was $690 million, up 75%.
Q4 2025 net income was $252 million, an improvement of $181 million; Adjusted EBITDA was $327 million.
Q1 2026 estimates: revenue of $595 million to $605 million and Adjusted EBITDA of $210 million to $220 million.
Board authorized a share repurchase program of up to $1 billion of Class A common stock with no expiration date.
Illumina reported fourth-quarter 2025 revenue of $1.16 billion, up 5% from a year earlier, and fiscal 2025 revenue of $4.34 billion, flat versus 2024. GAAP net income for fiscal 2025 was $850 million, compared with a net loss of $1.22 billion in 2024 that included impairment charges, and non-GAAP diluted EPS was $4.84 versus $4.16. For fiscal 2026 the company expects revenue of $4.5 billion to $4.6 billion and non-GAAP diluted EPS of $5.05 to $5.20, including $0.18 of dilution from the SomaLogic acquisition.
Q4 2025 non-GAAP diluted EPS was $1.35, versus $0.95 in Q4 2024; Q4 2025 GAAP operating margin was 17.4%.
Fiscal 2025 ex-China revenue was $4.10 billion, up 2% from 2024; free cash flow was $931 million.
Fiscal 2026 guidance includes ex-China organic revenue growth of 2% to 4% and a non-GAAP operating margin of 23.3% to 23.5%.
Genpact reported fourth-quarter and full-year 2025 results on February 5, 2026, with full-year net revenues of $5.080 billion, up 6.6%, and diluted EPS of $3.13, up 9.8%. The company also guided to full-year 2026 net revenue growth of at least 7% and adjusted diluted EPS growth of about 10%, and raised its quarterly dividend 10% to $0.1875 per share.
Full-year 2025 net income was $552 million, up 7.6%, and adjusted diluted EPS was $3.65, up 11.3%.
Fourth-quarter 2025 net revenues were $1.319 billion, up 5.6%, and diluted EPS was $0.82, up 3.8%.
2026 outlook: net revenue growth of at least 7% as reported; Q1 2026 adjusted diluted EPS guided to $0.92 to $0.93.
Quarterly dividend increased 10% to $0.1875, payable March 31, 2026 to holders of record on March 16, 2026.
Qualys reported fourth-quarter 2025 revenue of $175.3 million, up 10% from a year earlier, and GAAP diluted earnings of $1.47 per share, up from $1.19. The company also raised its share repurchase program by $200 million and forecast full-year 2026 revenue of $717.0 million to $725.0 million, growth of 7% to 8%, which is slower than the 10% growth reported for 2025.
Q4 2025 revenue rose 10% to $175.3 million from $159.2 million; GAAP diluted EPS was $1.47 versus $1.19
Full-year 2025 revenue rose 10% to $669.1 million; GAAP diluted EPS was $5.44 versus $4.65
2026 guidance: full-year revenue of $717.0 million to $725.0 million; Q1 2026 revenue of $172.5 million to $174.5 million
Share repurchase program increased by $200 million
LiveRamp reported third-quarter fiscal 2026 results for the quarter ended December 31, 2025, with total revenue of $212 million, up 9%, and GAAP operating income of $40 million compared with $15 million a year earlier. The company now expects fiscal 2026 revenue of $810 million to $814 million, an increase of 9%, and shareholders get higher reported profit alongside continued share buybacks of $119 million fiscal year-to-date.
Q3 total revenue $212 million, up 9%; subscription revenue $158 million, up 9%
GAAP diluted EPS $0.62 vs $0.17; non-GAAP diluted EPS $0.76 vs $0.55
Q4 fiscal 2026 revenue guided to $203 million to $207 million; GAAP operating income about $16 million
Fiscal year-to-date share repurchases totaled 4.3 million shares for $119 million
QuinStreet reported fiscal second-quarter results for the period ended December 31, 2025, with revenue of $287.8 million, up 2% year over year, and adjusted EBITDA of $21.0 million, up 8%. GAAP net income of $50.2 million, or $0.87 per diluted share, was driven largely by a $48.9 million income tax benefit, including a $48.3 million release of a tax valuation allowance. The company also issued fiscal third-quarter and full-year fiscal 2026 revenue and adjusted EBITDA guidance that includes its January acquisition of HomeBuddy.
Q2 revenue of $287.8 million, up 2% from $282.6 million a year earlier; Home Services revenue rose to $71.0 million from $62.7 million
GAAP net income of $50.2 million ($0.87 diluted EPS) versus a net loss of $1.5 million a year earlier; adjusted net income was $13.9 million ($0.24 per share)
Fiscal Q3 outlook: revenue of $330 million to $340 million and adjusted EBITDA of $26.5 million to $30.5 million
Full fiscal 2026 outlook (ends June): revenue of $1.25 billion to $1.3 billion and adjusted EBITDA of $110 million to $115 million
VeriSign reported fourth-quarter 2025 revenue of $425 million, up 7.5% from a year earlier, and diluted EPS of $2.23 versus $2.00. For full-year 2025, revenue reached $1.66 billion, up 6.4%, and diluted EPS was $8.81 versus $8.00, while the board approved a 5.2% increase in the quarterly dividend to $0.81 per share.
Q4 2025 operating income was $285 million, compared with $264 million in Q4 2024; net income was $206 million.
Full-year 2025 operating income was $1.12 billion and net income was $826 million, compared with $1.06 billion and $786 million in 2024.
The board approved a 5.2% dividend increase to $0.81 per share, payable February 27, 2026, to holders of record on February 19, 2026.
During 2025 the company repurchased 3.4 million shares for $859 million; $1.08 billion remained under the buyback program at year-end.
Phillips Edison & Company reported fourth quarter 2025 net income attributable to stockholders of $47.5 million, or $0.38 per diluted share, up from $18.1 million, or $0.15, a year earlier. Core FFO rose 6.2% to $91.1 million, or $0.66 per diluted share, and full-year 2025 Core FFO per share was $2.60, up 7.0% from 2024. The company also issued 2026 guidance of $2.71 to $2.77 per share for Core FFO.
Q4 2025 net income attributable to stockholders was $47.5 million, or $0.38 per diluted share, versus $18.1 million, or $0.15, in Q4 2024
Q4 2025 Nareit FFO rose 5.9% to $88.8 million, or $0.64 per diluted share; full-year Nareit FFO per share was $2.54
2026 full-year guidance: Core FFO per share $2.71-$2.77, Nareit FFO per share $2.65-$2.71, same-center NOI growth 3.00%-4.00%
Conference call and webcast scheduled for Friday, February 6, 2026, at 12:00 p.m. Eastern Time
Fortinet reported fourth-quarter 2025 revenue of $1.91 billion, up 15% from a year earlier, and non-GAAP diluted earnings of $0.81 per share versus $0.74. GAAP net income for the quarter fell to $506.0 million from $526.2 million, and the board raised the share repurchase authorization by $1.0 billion to a total of up to $10.25 billion through February 28, 2027.
Q4 2025 revenue rose 15% year over year to $1.91 billion; total billings rose 18% to $2.37 billion.
Q4 GAAP diluted EPS was $0.68, flat with the prior year; non-GAAP diluted EPS was $0.81 versus $0.74.
Guidance for Q1 2026 revenue is $1.700 billion to $1.760 billion; full-year 2026 revenue is $7.500 billion to $7.700 billion.
About $1.38 billion remained available under the buyback as of February 4, 2026, including the $1.0 billion increase.
Natural Grocers by Vitamin Cottage reported results for the first quarter of fiscal 2026, ended December 31, 2025, with net sales up 1.6% to $335.6 million and net income up 14.0% to $11.3 million, or $0.49 per diluted share, compared with $0.43 a year earlier. The company affirmed its full fiscal 2026 outlook, including diluted earnings per share of $2.00 to $2.15, and declared a quarterly dividend of $0.15 per share.
Net sales rose $5.4 million, or 1.6%, to $335.6 million; daily average comparable store sales rose 1.7%
Gross margin fell 40 basis points to 29.5%, which the company attributed mainly to higher inventory shrink
Operating income rose 9.7% to $14.6 million; diluted EPS was $0.49 versus $0.43
Fiscal 2026 outlook affirmed; quarterly dividend of $0.15 per share payable March 18, 2026 to holders of record on March 2, 2026
Paylocity reported fiscal second-quarter 2026 results for the period ended December 31, 2025, with total revenue of $416.1 million, up 10.4%, and GAAP net income of $50.2 million, or $0.92 per diluted share, compared with $37.5 million, or $0.66, a year earlier. The press release says the company increased its revenue and profitability guidance for fiscal 2026, which now calls for total revenue of $1.732 billion to $1.742 billion.
Q2 total revenue was $416.1 million, up 10.4% from the prior-year quarter; recurring and other revenue was $387.0 million, up 11.3%.
GAAP net income was $50.2 million, or $0.92 per diluted share, versus $37.5 million, or $0.66, in the prior-year quarter.
Fiscal 2026 total revenue guidance is $1.732 billion to $1.742 billion; third-quarter total revenue guidance is $487.0 million to $492.0 million.
The company repurchased $100 million, or 690,000 shares, of common stock in the second quarter.
StepStone Group reported results for the third fiscal quarter ended December 31, 2025. Total revenues rose to $586.5 million from $339.0 million a year earlier, and the net loss narrowed to $162.4 million from $287.2 million, or $1.55 per share from $2.61. The company also declared a quarterly dividend of $0.28 per share, payable March 13, 2026.
Total revenues were $586.5 million, up 73% from $339.0 million in the same quarter a year earlier.
Net loss attributable to StepStone was $123.5 million, or $1.55 per share, compared with $192.0 million, or $2.61 per share, a year earlier.
Adjusted net income was $79.9 million, or $0.65 per share, compared with $52.7 million, or $0.44 per share, a year earlier.
Quarterly dividend of $0.28 per Class A share is payable March 13, 2026, to holders of record on February 27, 2026.
Gen Digital reported third-quarter fiscal 2026 results for the quarter ended January 2, 2026, with revenue of $1,240 million, up 26% from a year earlier, and GAAP diluted EPS of $0.31, up from $0.26. The company raised its non-GAAP fiscal 2026 revenue and EPS guidance and declared a regular quarterly dividend of $0.125 per share.
Q3 revenue of $1,240 million, up 26%; GAAP operating income of $433 million, up 16%; GAAP diluted EPS of $0.31, up 22%
Non-GAAP FY26 revenue guidance raised to $4.955 billion to $4.975 billion from $4.920 billion to $4.970 billion; non-GAAP EPS guidance raised to $2.54 to $2.56 from $2.51 to $2.56
Non-GAAP Q4 FY26 guidance: revenue of $1.24 billion to $1.26 billion and EPS of $0.64 to $0.66
Quarterly dividend of $0.125 per share, payable March 11, 2026, to holders of record on February 16, 2026
Knowles reported fourth-quarter and full-year 2025 results on February 5, 2026, with Q4 revenue from continuing operations up 14% year over year and full-year revenue up 7%. The company also gave first-quarter 2026 guidance of $143 million to $153 million in revenue and non-GAAP diluted EPS of $0.22 to $0.26, which shareholders can compare against the reported results.
Q4 2025 revenue was $162.2 million, up from $142.5 million in Q4 2024, and exceeded the high end of the company's guided range.
Full-year 2025 revenue was $593.2 million, up 7% from $553.5 million; GAAP diluted EPS from continuing operations was $0.58 versus $0.26, and non-GAAP diluted EPS was $1.11 versus $0.92.
Q4 2025 net cash provided by operating activities was $47.2 million; full-year operating cash flow was $114.0 million.
Q1 2026 guidance calls for revenue of $143 million to $153 million and non-GAAP diluted EPS of $0.22 to $0.26.
Arrowhead reported fiscal 2026 first-quarter results for the period ended December 31, 2025, with revenue of $264.0 million, up from $2.5 million a year earlier. The company swung to net income attributable to Arrowhead of $30.8 million, or $0.22 per diluted share, from a loss of $173.1 million, or $1.39 per share, in the prior-year quarter.
Revenue was $264.0 million for the quarter ended December 31, 2025, compared with $2.5 million for the same quarter a year earlier.
Net income attributable to Arrowhead was $30.8 million, or $0.22 per diluted share, compared with a loss of $173.1 million, or $1.39 per share.
The company closed two concurrent public offerings with gross proceeds totaling $930 million and received a $200 million upfront payment from Novartis.
Arrow Electronics reported fourth-quarter 2025 sales of $8.7 billion, up 20% from a year earlier, and diluted EPS of $3.75, up from $1.86, with both above the high end of its guidance. For the full year, sales rose 10% to $30.9 billion and diluted EPS was $10.93, up from $7.29. The company's first-quarter 2026 outlook calls for diluted EPS of $2.13 to $2.33 and sales of $7.95 billion to $8.55 billion.
Q4 2025 sales of $8.7 billion, up 20% year over year; Q4 non-GAAP EPS of $4.39 versus $2.97
Q4 GAAP diluted EPS of $3.75 versus $1.86 a year earlier, both above the high end of guidance
Full-year 2025 sales of $30.9 billion, up 10%; full-year diluted EPS of $10.93 versus $7.29
Q1 2026 outlook: diluted EPS of $2.13 to $2.33 (non-GAAP $2.70 to $2.90) on sales of $7.95 billion to $8.55 billion
Monolithic Power Systems reported fourth-quarter 2025 revenue of $751.2 million, up 20.8% from a year earlier, and raised its quarterly dividend from $1.56 to $2.00 per share. GAAP diluted earnings of $3.46 per share fell from $29.88 a year earlier, but that prior-year figure included a $1,285.4 million tax benefit, and non-GAAP diluted earnings rose to $4.79 from $4.09. CFO Bernie Blegen also said he will retire, with Corporate Controller Rob Dean named interim CFO.
Q4 2025 revenue was $751.2 million, up 20.8% from $621.7 million in Q4 2024.
GAAP diluted EPS was $3.46 versus $29.88 a year earlier, which included a $1,285.4 million tax benefit; non-GAAP diluted EPS was $4.79 versus $4.09.
Quarterly dividend increased from $1.56 to $2.00 per share, payable April 15, 2026 to holders of record March 31, 2026.
CFO Bernie Blegen plans to retire; Corporate Controller Rob Dean becomes interim CFO upon filing of the 2025 Form 10-K. Q1 2026 revenue outlook is $770.0 million to $790.0 million.
Construction Partners reported fiscal first-quarter 2026 revenue of $809.5 million, up 44.1% from a year earlier, and net income of $17.2 million, compared with a net loss of $3.1 million in the prior-year quarter. The company also raised its fiscal 2026 outlook for revenue, net income, Adjusted net income and Adjusted EBITDA, citing better-than-expected first-quarter results and the recently closed Houston acquisition.
Revenue was $809.5 million, up from $561.6 million; gross profit was $121.5 million versus $76.6 million
Net income was $17.2 million, or $0.31 diluted EPS, versus a net loss of $3.1 million, or $0.06 per diluted share, a year earlier
Adjusted EBITDA was $112.2 million, up 63.1%; Adjusted EBITDA margin was 13.9% versus 12.3%
Fiscal 2026 revenue outlook is $3.48 billion to $3.56 billion; project backlog was a record $3.09 billion at December 31, 2025
RBC Bearings reported fiscal third-quarter 2026 results for the quarter ended December 27, 2025, with net sales of $461.6 million, up 17.0% from $394.4 million a year earlier, and GAAP diluted EPS of $2.13 versus $1.82. The company also gave a fourth-quarter fiscal 2026 net sales outlook of $495.0 million to $505.0 million, which implies growth of 13.1% to 15.4%, and both sales and profit improved from the prior year.
Net sales rose 17.0% to $461.6 million; Aerospace/Defense rose 41.5% and Industrial rose 3.1%.
GAAP diluted EPS was $2.13 versus $1.82; adjusted diluted EPS was $3.04 versus $2.34.
Free cash flow was $99.1 million versus $73.6 million a year earlier.
Fourth-quarter fiscal 2026 net sales are expected at $495.0 million to $505.0 million; backlog was $2.1 billion as of December 27, 2025.
Magnera reported results for the quarter ended December 27, 2025, with net sales up 13% to $792 million, including $112 million of revenue from the recent merger with Glatfelter. Operating income was $14 million compared with an operating loss of $22 million a year earlier, and the net loss narrowed to $34 million from $60 million. The company reaffirmed fiscal 2026 adjusted EBITDA guidance of $380 million to $410 million and free cash flow guidance of $90 million to $110 million, while comparable adjusted EBITDA was flat year over year.
Net sales were $792 million versus $702 million a year earlier; the merger added $112 million, and comparable net sales fell 7%.
Operating income was $14 million versus an operating loss of $22 million; net loss was $34 million versus $60 million.
Adjusted EBITDA was $93 million versus $84 million, up 11% as reported but flat (0%) on a comparable basis.
Fiscal 2026 guidance was reaffirmed at $380 million to $410 million adjusted EBITDA and $90 million to $110 million free cash flow; the quarter had negative free cash flow of $13 million and the company made $27 million in debt payments.
MKS Inc. closed a private offering of €1.0 billion of 4.250% senior notes due 2034 on February 4, 2026, and used the proceeds with cash on hand to prepay about $1.3 billion of its U.S. dollar term loan. The same day it refinanced its term loans and revolving credit facility at lower interest margins, and the company expects about $27 million in annualized cash interest savings. For shareholders, the filing points to lower borrowing costs and longer debt maturities, while the company also takes on €1.0 billion of new senior unsecured debt.
€1.0 billion of 4.250% senior notes due February 15, 2034 were sold in a private offering completed February 4, 2026.
Proceeds plus cash on hand prepaid about $1.3 billion of the $2.2 billion USD tranche B term loan.
The USD tranche B term loan margin fell from 2.00% to 1.75% (SOFR), and the revolver now matures in 2031.
The company expects annualized cash interest savings of approximately $27 million from the combined actions.
MDU Resources reported fourth-quarter and full-year 2025 results and initiated 2026 earnings guidance of $0.93 to $1.00 per share. Full-year net income fell to $190.4 million from $281.1 million, but the company says the prior year included discontinued operations from the Everus spinoff, while income from continuing operations rose to $191.4 million from $181.1 million.
Full-year 2025 operating revenues were $1,875.1 million, up from $1,758.0 million in 2024; fourth-quarter revenues were $534.0 million, compared with $535.5 million.
Diluted EPS from continuing operations was $0.93 in 2025, up from $0.88 in 2024; total diluted EPS was $0.93, down from $1.37.
Fourth-quarter 2025 net income was $76.3 million, compared with $55.2 million a year earlier.
The company plans $560 million of capital investment in 2026 and reaffirmed long-term EPS growth of 6% to 8%.
Ralph Lauren reported fiscal third-quarter 2026 revenue of $2.4 billion, up 12% on a reported basis and 10% in constant currency, with reported diluted EPS of $5.82 versus $4.66 a year earlier. The company raised its full-year fiscal 2026 constant-currency revenue growth outlook and operating margin expansion outlook, but expects fourth-quarter operating margin to contract.
Q3 revenue $2.4 billion, up 12% reported and 10% constant currency; net income $362 million
Diluted EPS $5.82 reported, up 25% from $4.66; adjusted diluted EPS $6.22 versus $4.82
Fiscal 2026 revenue growth outlook raised to high-single to low-double digits in constant currency, up from 5% to 7%
Fourth-quarter operating margin expected to contract 80 to 120 basis points in constant currency, reflecting higher U.S. tariffs and marketing spend
Estée Lauder reported fiscal 2026 second-quarter results for the quarter ended December 31, 2025, with net sales up 6% to $4.2 billion and GAAP diluted earnings of $.44 per share, compared with a loss in the prior year. The company raised its fiscal 2026 adjusted diluted EPS outlook to $2.05 to $2.25, though it cited ongoing macroeconomic uncertainty and a roughly $100 million tariff headwind.
Net sales rose 6% to $4.2 billion in the quarter, with organic net sales up 4%; adjusted operating margin was 14.4%, compared with 11.5% a year earlier.
GAAP diluted EPS was $.44, compared with a loss of $(1.64) a year earlier; adjusted diluted EPS was $.89, up 43% from $.62.
For fiscal 2026, adjusted diluted EPS outlook is $2.05 to $2.25, and reported net sales growth is now forecast at 3% to 5%.
The board declared a quarterly dividend of $.35 per share, payable March 16, 2026 to holders of record on February 27, 2026.
MACOM reported fiscal first quarter 2026 results for the period ended January 2, 2026, with revenue of $271.6 million and GAAP net income of $48.8 million, or $0.64 per diluted share. Results improved from a year earlier, when a $193.1 million non-cash loss on debt extinguishment produced a net loss, and from the prior quarter. The company also expects fiscal second quarter revenue of $281 million to $289 million and adjusted earnings of $1.05 to $1.09 per diluted share.
Revenue was $271.6 million, up 24.5% from $218.1 million a year earlier and up 4.0% from $261.2 million in the prior quarter.
GAAP diluted earnings were $0.64 per share, compared with a loss of $2.30 per share a year earlier; adjusted earnings were $1.02 per share, compared with $0.79 a year earlier.
Adjusted gross margin was 57.6%, and adjusted income from operations was $74.0 million, or 27.2% of revenue.
For the fiscal second quarter ending April 3, 2026, MACOM expects revenue of $281 million to $289 million and adjusted earnings of $1.05 to $1.09 per diluted share.
ICE reported fourth-quarter and full-year 2025 results, with full-year net revenues of $9.9 billion, up 7%, and GAAP diluted EPS of $5.77, up 21%. The company also gave 2026 guidance, including mid-single-digit growth in exchange and fixed income and data services recurring revenue, which shareholders can use to gauge its outlook.
Q4 2025 net income attributable to ICE was $851 million, up from $698 million a year earlier; Q4 GAAP diluted EPS was $1.49 versus $1.21
Full-year 2025 adjusted diluted EPS was $6.95, up 14%; GAAP operating income was $4.9 billion, up from $4.3 billion in 2024
ICE returned $2.4 billion to stockholders in 2025, including $1.3 billion in share repurchases
2026 GAAP operating expense guidance is $5.010 to $5.075 billion; 1Q26 earnings call is scheduled for April 30, 2026
HII reported fourth quarter 2025 revenue of $3.5 billion, up from $3.0 billion a year earlier, and diluted earnings per share of $4.04, up from $3.15. For the full year, revenue rose 8.2% to $12.5 billion and diluted earnings per share rose 10.2% to $15.39. The company also issued 2026 expectations, including shipbuilding revenue of $9.7 billion to $9.9 billion and free cash flow of $500 million to $600 million.
Fourth quarter operating income was $172 million with a 4.9% operating margin, compared with $110 million and 3.7% a year earlier.
Full-year 2025 free cash flow was $800 million, compared with $40 million in 2024.
For 2026, HII expects Mission Technologies revenue of $3.0 billion to $3.2 billion and free cash flow of $500 million to $600 million.
Regal Rexnord reported fourth-quarter 2025 net sales of $1,523.2 million, up 4.3% from a year earlier, and diluted EPS of $0.95 versus $0.62. The company also introduced 2026 guidance of $10.20 to $11.00 adjusted diluted EPS and $5.29 to $6.09 GAAP diluted EPS, which shareholders can use to compare against future results.
Q4 2025 net sales $1,523.2 million, up 4.3%; organic sales up 2.9%
Q4 GAAP diluted EPS $0.95 versus $0.62 a year earlier; adjusted diluted EPS $2.51, up 7.3%
Data center E-Pod orders worth approximately $735 million; initial shipments expected to start in early 2027
2026 guidance: GAAP diluted EPS $5.29 to $6.09; adjusted diluted EPS $10.20 to $11.00
IQVIA reported fourth-quarter 2025 revenue of $4,364 million, up 10.3% from a year earlier, with GAAP diluted EPS of $2.99 and adjusted diluted EPS of $3.42. The company also issued full-year 2026 guidance of $17,150 million to $17,350 million in revenue and $12.55 to $12.85 in adjusted diluted EPS, and said it will recast its segments beginning with the first-quarter 2026 Form 10-Q. For shareholders, the quarter showed revenue and EPS growth, while full-year GAAP net income was slightly lower.
Q4 2025 revenue $4,364 million, up 10.3%; GAAP diluted EPS $2.99, up 23.6%; adjusted diluted EPS $3.42, up 9.6%
Full-year 2025 revenue $16,310 million, up 5.9%; GAAP net income $1,360 million, down 0.9%
2026 guidance: revenue $17,150 million to $17,350 million; adjusted EBITDA $3,975 million to $4,025 million
Share repurchases of $1,244 million in 2025; $1,769 million authorization remaining as of December 31, 2025
Rockwell Automation reported fiscal first quarter 2026 results for the quarter ended December 31, 2025, with reported sales up 12% to $2,105 million and diluted EPS of $2.69, compared with $1.61 a year earlier. The company raised its fiscal 2026 diluted and Adjusted EPS guidance, which it said reflects an updated full-year tax rate, and reaffirmed its sales growth ranges. Operating cash flow fell to $234 million from $364 million, mainly due to incentive compensation payouts.
Reported sales were $2,105 million, up 12% from $1,881 million; organic sales rose 10%.
Diluted EPS was $2.69 versus $1.61; Adjusted EPS was $2.75 versus $1.85.
Fiscal 2026 diluted EPS guidance rose to $10.75-$11.55 from $10.40-$11.40; Adjusted EPS guidance is $11.40-$12.20 versus $11.20-$12.20.
Lifecycle Services sales fell 4% to $523 million, while Intelligent Devices and Software & Control sales rose 18% and 19%.
Cardinal Health reported second-quarter fiscal 2026 revenue of $65.6 billion, up 19%, and GAAP diluted EPS of $1.97, up 19%. The company raised its fiscal 2026 non-GAAP diluted EPS guidance to $10.15 to $10.35, which matters to shareholders because it reflects higher expected earnings for the full year.
Revenue rose 19% to $65.6 billion; GAAP operating earnings rose 29% to $707 million.
Non-GAAP diluted EPS rose 36% to $2.63; GAAP diluted EPS rose 19% to $1.97.
Fiscal 2026 non-GAAP diluted EPS guidance raised to $10.15 to $10.35.
Year-to-date share repurchases reached $750 million; net interest expense rose to $88 million from $35 million.
Advanced Drainage Systems reported unaudited third-quarter fiscal 2026 results for the quarter ended December 31, 2025, with net sales up 0.4% to $693.4 million and net income up 14.3% to $94.0 million. The company also increased its stock repurchase authorization by $1 billion, bringing total authority to $1.148 billion, and updated its fiscal 2026 guidance to include the NDS acquisition, which closed on February 2, 2026.
Q3 net income attributable to ADS was $93.6 million, or $1.19 per diluted share, up from $1.04 a year earlier
Adjusted EBITDA rose 9.3% to $209.2 million, a 30.2% margin versus 27.7% in the prior year quarter
Repurchase authority: $147.7 million remained before the $1 billion increase, for a total of $1.148 billion
Fiscal 2026 guidance: net sales of $2.990 billion to $3.040 billion and Adjusted EBITDA of $930 million to $960 million; quarterly dividend of $0.18 per share payable March 16, 2026
Tapestry reported fiscal second-quarter 2026 revenue of $2.5 billion, up 14% from a year earlier, with GAAP diluted EPS of $2.68 versus $1.38. The company raised its fiscal 2026 revenue, operating margin, EPS, and free cash flow outlook and now plans to return $1.5 billion to shareholders, up from $1.3 billion.
Q2 net sales were $2.5 billion, up 14%; pro forma growth excluding Stuart Weitzman was 18%, led by Coach up 25%
GAAP diluted EPS was $2.68 versus $1.38 a year ago; non-GAAP diluted EPS was $2.69 versus $2.00
Fiscal 2026 EPS guidance raised to $6.40 to $6.45 from $5.45 to $5.60; revenue now expected above $7.75 billion versus prior $7.3 billion
Share repurchases for fiscal 2026 now expected at $1.2 billion, up from $1.0 billion
CMS Energy reported 2025 diluted earnings per share of $3.53, up from $3.33 in 2024, and adjusted EPS of $3.61 versus $3.34. Operating revenue rose to $8.5 billion from $7.5 billion, and the company raised its 2026 adjusted EPS guidance to $3.83 to $3.90 from $3.80 to $3.87. For shareholders, the filing shows higher 2025 earnings, a higher 2026 earnings outlook, and an 11-cent increase in the annual dividend.
2025 diluted EPS was $3.53 versus $3.33 in 2024; adjusted EPS was $3.61 versus $3.34
2026 adjusted EPS guidance raised to $3.83 to $3.90 from $3.80 to $3.87; long-term adjusted EPS growth of 6 to 8 percent reaffirmed
Annual dividend increased 11 cents per share to $2.28 for 2026, the 20th increase in as many years
Fourth-quarter 2025 diluted EPS was $0.94 versus $0.87 a year earlier; webcast set for February 5, 2026 at 10:00 a.m. ET
ITT reported fourth-quarter 2025 revenue of $1,054.0 million, up 13.5%, and fourth-quarter diluted EPS of $1.64, up 5.8%; adjusted EPS was $1.85, up 23.3%. For the full year, revenue rose 8.5% to $3,938.5 million and diluted EPS fell 3.3% to $6.11, while adjusted EPS rose 14.3% to $6.72. The company also raised its quarterly dividend 10% to $0.386 and issued first-quarter 2026 guidance that excludes the pending SPX FLOW acquisition.
Q4 2025 revenue of $1,054.0 million, up 13.5% (8.6% organic); Q4 diluted EPS $1.64, adjusted EPS $1.85
Full-year 2025 revenue $3,938.5 million, up 8.5%; diluted EPS $6.11, down 3.3%; adjusted EPS $6.72, up 14.3%
Quarterly dividend raised 10% to $0.386 per share, payable April 6, 2026 to holders of record March 6, 2026
Q1 2026 guidance: revenue growth of roughly 11%, EPS of $1.67 to $1.71, adjusted EPS of $1.68 to $1.72, excluding the pending SPX FLOW acquisition
Snap-on reported fourth-quarter 2025 net sales of $1,231.9 million, up 2.8% from a year earlier, with organic sales up 1.4%. Diluted EPS rose to $4.94 from $4.82, but full-year 2025 diluted EPS fell to $19.19 from $19.51, and the company projected 2026 capital expenditures of about $100 million.
Q4 2025 net earnings attributable to Snap-on were $260.7 million, or $4.94 per diluted share, versus $258.1 million, or $4.82, a year earlier.
Q4 operating earnings before financial services were flat at $265.2 million, with the margin at 21.5% versus 22.1% in 2024.
Full-year 2025 net earnings attributable to Snap-on were $1,016.9 million, or $19.19 per diluted share, including a $0.31 per-share after-tax benefit from a legal settlement.
For 2026, the company expects capital expenditures of about $100 million and an effective income tax rate of 22% to 23%.
Cigna reported full-year 2025 total revenues of $274.9 billion, up 11%, and shareholders' net income of $6.0 billion, or $22.18 per share, compared with $3.4 billion in 2024. Fourth-quarter net income fell to $1.2 billion from $1.4 billion, and the company projected 2026 adjusted income from operations of at least $7.950 billion, or at least $30.25 per share, while raising its quarterly dividend to $1.56 per share.
Full-year 2025 adjusted income from operations rose 4% to $8.0 billion, or $29.84 per share, from $7.7 billion, or $27.33 per share, in 2024.
Fourth-quarter 2025 shareholders' net income was $1.2 billion, or $4.64 per share, down from $1.4 billion, or $5.13 per share, in fourth-quarter 2024.
2026 outlook calls for adjusted revenues of approximately $280.0 billion and adjusted income from operations of at least $7.950 billion, or at least $30.25 per share.
Board declared a quarterly dividend of $1.56 per share, up from $1.51, payable March 19, 2026 to holders of record as of March 5, 2026.
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