1,796 material Form 8-K filings that 1,448 companies we cover made with the SEC in May 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).
Evertec and its subsidiary Evertec Group signed a sixth amendment to their credit agreement with a syndicate of lenders and Truist Bank as agent. The lenders provided $185 million of additional term loan B commitments, and the proceeds were used to repay revolving facility debt, bringing total Term B Loans outstanding to $875 million.
Sixth Amendment to the Credit Agreement entered into on May 18, 2026
$185 million in additional term loan B commitments (the 2026 Incremental TLB)
Proceeds used to repay revolving facility indebtedness
Total Term B Loans outstanding after the incurrence: $875 million
Lumen and its subsidiary Qwest Corporation amended their exchange offers for Qwest's 6.5% notes due 2056 and 6.75% notes due 2057, and signed a support agreement with noteholders who agreed to tender about $456 million of those notes. The exchange offers now expire at 5 p.m. ET on June 9, 2026, and the new notes cannot be issued until the SEC declares the amended registration statement effective.
Supporting noteholders agreed to tender about $456 million of Old Qwest Notes by 5:00 p.m. ET on June 2, 2026, including $296.5 million of 2056 notes and $159.5 million of 2057 notes.
Expiration and withdrawal deadlines were extended to 5 p.m. ET on June 9, 2026, and the early tender date was eliminated.
New Qwest notes due 2051 and 2052 would be fully and unconditionally guaranteed by Lumen on an unsecured basis.
The support agreement terminates automatically if the exchange offers are not consummated by 5:00 p.m. New York City time on June 30, 2026.
Curtiss-Wright signed a new $1 billion revolving credit facility on May 19, 2026, replacing its $750 million facility that was set to mature in May 2027. The company says the facility supports general corporate purposes, including possible acquisitions and internal growth initiatives. The filing describes the terms as similar in covenants to the prior agreement, so the change mainly adds borrowing capacity rather than altering the company's obligations in a stated way.
New $1 billion revolving credit facility matures May 19, 2031; it replaces the $750 million facility, which was terminated with no early termination penalties or fees
Up to $200 million of the facility may be used for letters of credit; the agreement allows up to $500 million in incremental term loans or commitment increases, subject to lender discretion
Borrowings bear interest at rates tied to benchmark rates plus margins of 0.675% to 1.225%, based on the company's consolidated leverage ratio
JPMorgan Chase Bank, N.A. is administrative agent; the company said the new agreement's covenants are no more restrictive than those in the prior agreement
On May 15, 2026, Black Rock Coffee Bar terminated the Cynosure voting agreement tied to its IPO and entered into an irrevocable proxy giving the company and its CEO voting authority over shares held by founder-linked entities. The company also increased the number of demand registration requests the Cynosure Investors may make from three to four. The filing ties the termination to a share purchase by Sponsor-associated entities from co-founder entities and trusts, and the filing does not give the number of shares or the price involved.
May 15, 2026: Termination Agreement ended the Cynosure Voting Agreement dated September 11, 2025, effective the same day.
Irrevocable proxy lets the company, its CEO and designees vote covered Class A, B and C shares until the later of two years from May 15, 2026 or termination of the Founders Voting Agreement.
Demand Registration Requests for the Cynosure Investors increased from three to four under Amendment No. 1 to the Registration Rights Agreement.
Clean Harbors said founder Alan McKim, its Executive Chairman and Chief Technology Officer, notified the Board on May 19, 2026 that he will retire from the Board and his CTO role once the Board appoints a new Chair. The company expects an independent Chair to be appointed in the summer of 2026 as part of a planned leadership transition, and the filing says the retirement does not reflect any disagreement with the company.
McKim notified the Board on May 19, 2026, and the company announced the retirement in a press release dated May 20, 2026.
The retirement takes effect when the Board appoints a new Chair, which is expected in summer 2026.
The filing states the retirement does not arise from any disagreement with the company on operations, policies or practices.
Edward Galante, lead independent director, and co-CEOs Mike Battles and Eric Gerstenberg were quoted in the press release.
Travel + Leisure Co. issued $900 million of 6.250% senior secured notes due 2031 on May 20, 2026, and expects to use the proceeds to redeem its 6.625% notes due July 2026 and repay revolving credit facility borrowings. The company also said the 2026 Notes will be redeemed on May 22, 2026, so the refinancing replaces higher-coupon-free near-term debt with a new longer-dated secured obligation carrying a 6.250% rate.
Notes: $900 million aggregate principal, 6.250% senior secured, due 2031, sold to Deutsche Bank Securities Inc. and other initial purchasers
Proceeds expected to redeem all 6.625% secured notes due July 2026, repay revolver borrowings due June 2030, and fund general corporate purposes
Interest payable semi-annually on June 1 and December 1, starting December 1, 2026
2026 Notes to be redeemed on May 22, 2026; notes are not guaranteed by subsidiaries
Williams and its subsidiaries Northwest Pipeline and Transco entered a Second Amended and Restated Credit Agreement on May 19, 2026, allowing up to $3.75 billion of borrowing, with a five-year initial term. They also signed a separate $1.0 billion 364-day credit agreement with Citibank as administrative agent. The filing describes these as general corporate facilities that can fund working capital, acquisitions, and capital expenditures, and it sets debt-to-EBITDA limits that shareholders can watch.
Second Amended and Restated Credit Agreement dated May 19, 2026, with Wells Fargo as administrative agent: up to $3.75 billion in aggregate, $500 million sublimit each for Northwest and Transco, and a possible increase of $500 million, capp
Initial five-year term, with up to two one-year extensions to as late as the seventh anniversary of the effective date.
364-Day Credit Agreement with Citibank, N.A. as administrative agent: up to $1.0 billion, $100 million sublimit each for Northwest and Transco, and a possible increase of $150 million, capped at $1.15 billion.
Covenants require debt to EBITDA of no greater than 5.00 to 1.00, rising to 5.50 to 1.00 after acquisitions of $25 million or more, and debt to capitalization of no greater than 65% for Transco and Northwest.
Nordson reported fiscal second quarter 2026 sales of $741 million, up 8% from a year earlier, with diluted EPS of $2.09 and adjusted diluted EPS of $2.86, up 18%. The company raised its full-year guidance to sales of $2,930 million to $3,010 million and adjusted EPS of $11.30 to $11.80, citing backlog up 18%. GAAP results include a $24 million non-cash pension settlement charge.
Second quarter sales of $741 million vs. $683 million a year earlier; organic sales rose 7%
Net income of $117 million, or $2.09 per diluted share, vs. $1.97 a year earlier
Adjusted EPS of $2.86 vs. $2.42, excluding a $24 million pension settlement charge and other items
Third quarter sales guidance of $760 million to $790 million and adjusted EPS of $2.95 to $3.15; webcast on May 21, 2026 at 8:30 a.m. ET
Eli Lilly completed an offering of eight series of notes on May 20, 2026, with net proceeds of approximately $8.94 billion before estimated offering expenses. Maturities run from 2028 to 2066, and the filing ties five series to the proposed Centessa Acquisition, requiring their redemption at 101% of principal if that deal is not completed or the company says it will not pursue it.
Net proceeds of approximately $8.94 billion before estimated offering expenses, per the filing.
Fixed rate notes carry coupons from 4.150% (2029 notes) to 5.700% (2066 notes).
Floating rate notes due 2028 and 2029 pay Compounded SOFR plus 0.350% and 0.460%, respectively.
If the Centessa Acquisition is not completed by five business days after the later of March 31, 2027 or any agreed later Outside Date, the 2029 floating, 2029, 2031, 2033 and 2036 notes must be redeemed at 101% of principal plus accrued int
NVIDIA reported record first-quarter fiscal 2027 revenue of $81.6 billion for the quarter ended April 26, 2026, up 85% from a year ago, with GAAP diluted earnings of $2.39 per share. It guided second-quarter revenue to $91.0 billion, plus or minus 2%, and raised its quarterly dividend to $0.25 per share from $0.01 while adding $80.0 billion to its share repurchase authorization. For shareholders, the sales and profit growth stand out, though GAAP profit includes $15.9 billion of net gains from equity securities.
Revenue of $81.6 billion, up 85% from a year ago; Data Center revenue of $75.2 billion, up 92%
Diluted EPS of $2.39 GAAP and $1.87 non-GAAP, versus $0.76 and $0.78 a year earlier
Q2 fiscal 2027 revenue outlook of $91.0 billion, plus or minus 2%, with no Data Center compute revenue from China assumed
Quarterly dividend raised from $0.01 to $0.25 per share, payable June 26, 2026; additional $80.0 billion buyback approved May 18, 2026
Schrodinger said its Chief Commercial Officer, Global Head of Software Sales and Marketing, Mannix Aklian, left the role effective immediately on May 18, 2026, and that Paul Davie, a former executive vice president of sales, is returning as interim replacement while a permanent successor is sought. The company also reaffirmed its full-year and second-quarter 2026 guidance from its May 5, 2026 first-quarter earnings release, which keeps the outlook it previously gave shareholders in place.
Mannix Aklian ceased to serve as Chief Commercial Officer on May 18, 2026, effective immediately.
Paul Davie returns as interim Chief Commercial Officer while the company searches for a permanent replacement.
The company reaffirmed full-year 2026 and second-quarter 2026 guidance from its May 5, 2026 earnings release.
EnerSys reported fourth-quarter fiscal 2026 net sales of $988.0 million, up 1.3%, and adjusted diluted EPS of $3.19, above its $2.95 to $3.05 guidance. GAAP diluted EPS fell 15% to $2.05 because of $42.8 million in net-of-tax highlighted charges, and the company guided first-quarter fiscal 2027 net sales to $915 million to $955 million. The board also declared a $0.2625 quarterly dividend.
Q4 net sales $988.0 million, up 1.3%, at the low end of the $960 million to $1,000 million guidance range
Q4 adjusted diluted EPS $3.19 vs. guidance of $2.95 to $3.05; GAAP diluted EPS $2.05 vs. $2.41 a year earlier
Fiscal 2026 net sales $3,751.4 million, up 3.7%; GAAP diluted EPS $7.70 vs. $8.99
Q1 fiscal 2027 outlook: net sales $915 million to $955 million; adjusted diluted EPS $2.70 to $2.90. Dividend of $0.2625 payable July 2, 2026, to holders of record June 19, 2026
Gilead Sciences issued $3.0 billion of senior notes in four tranches, under an underwriting agreement dated May 14, 2026, and a supplemental indenture dated May 20, 2026. The company said it will use the net proceeds for general corporate purposes, which may include acquisitions, investments and other strategic transactions.
Four series: $500 million 4.250% notes due 2028, $1.0 billion 4.400% notes due 2029, $1.0 billion 4.600% notes due 2031, and $500 million 4.900% notes due 2034
Notes were sold in a public offering under shelf registration Form S-3 (File No. 333-273745); underwriters include Barclays Capital, BofA Securities and Citigroup Global Markets
Indenture restricts secured debt, sale and leaseback transactions, and mergers or asset transfers, and requires an offer to repurchase notes upon certain change of control events
On May 20, 2026, Starbucks completed the settlement of cash tender offers for several series of its senior notes, buying back principal in five series at total purchase prices that include accrued interest. The company elected early settlement and does not intend to buy any additional notes. The filing is a debt management action; it does not state the effect on total debt or interest costs.
Accepted for purchase: $321,824,000 of 4.800% notes due 2030 and $273,468,000 of 4.500% notes due 2028.
Also accepted: $200,000,000 of 4.500% notes due 2048, $410,249,000 of 5.400% notes due 2035 and $110,351,000 of 5.000% notes due 2034.
Settlement occurred May 20, 2026, on the Early Settlement Date defined in the Offer to Purchase dated May 4, 2026, as amended May 15, 2026.
No notes were bought in the 4.000% 2028, 4.900% 2031 and 4.800% 2033 series, whose outstanding amounts are unchanged from the April 28, 2026 Form 10-Q.
e.l.f. Beauty reported fourth-quarter fiscal 2026 net sales up 35% to $449.3 million and full-year net sales up 25% to $1,636.5 million. A $57.6 million non-cash charge tied to the rhode earnout turned the quarter to a GAAP net loss of $49.4 million, and adjusted diluted EPS fell to $0.32 from $0.78 a year earlier. The company also issued fiscal 2027 guidance calling for net sales of $1,835 million to $1,865 million and adjusted diluted EPS of $3.27 to $3.32.
Q4 net sales rose 35% to $449.3 million; adjusted EBITDA fell 28% to $58.8 million
Q4 GAAP diluted loss was $0.82 per share; adjusted diluted EPS was $0.32 versus $0.78 a year earlier
Full-year GAAP net income was $26.3 million, or $0.44 per diluted share; adjusted diluted EPS was $3.13 versus $3.39
Fiscal 2027 outlook: net sales $1,835 million to $1,865 million and adjusted diluted EPS $3.27 to $3.32
Six Flags entered a Cooperation Agreement dated May 19, 2026 with H Partners Management, LLC, a long-time investor in the company. Rehan Jaffer, H Partners' founder and managing member, will join the board after the May 26, 2026 annual meeting, replacing Arik Ruchim, who is stepping down. The agreement also sets voting commitments and standstill restrictions for H Partners, which affect shareholders' governance.
Cooperation Agreement with H Partners Management, LLC dated May 19, 2026
Rehan Jaffer to be appointed Class III director after the May 26, 2026 annual meeting, replacing Arik Ruchim, with a term expiring at the 2027 annual meeting
Jaffer to join the Audit and Finance Committee; his irrevocable resignation takes effect if H Partners holds less than 3% of outstanding common stock
H Partners agreed to vote in line with Board recommendations until the Standstill Termination Date, the later of the 2027 annual meeting's conclusion or 20 days after Jaffer leaves the board
Sotera Health Company and its subsidiaries signed Amendment No. 7 to its First Lien Credit Agreement on May 20, 2026, under which refinancing lenders will provide $1.42 billion in repriced term loans to Sotera Health Holdings, LLC. The amendment reduces the interest rate spread by 0.25% across the facility's term loans, which lowers the company's borrowing cost on that debt.
Repriced term loans total about $1.42 billion, provided by 2026 Refinancing Term Lenders under the amended credit agreement.
Interest margin is Adjusted Term SOFR plus 2.25%, with a 0.00% floor, and the spread on term loans is reduced by 0.25%.
Repriced loans amortize at 1.00% per year and mature on May 30, 2031.
A 1.00% soft call premium applies to certain repricing transactions completed within six months after the amendment's effective date.
Choice Hotels said President and CEO Patrick Pacious stepped down effective May 20, 2026, and the Board appointed Chief Growth & Strategy Officer Dominic Dragisich as Interim CEO on the same date. The company has started a search for a permanent CEO, and the company reaffirmed its full-year 2026 financial outlook given with first quarter results on April 30, 2026.
Pacious will serve as an advisor through August 31, 2026, under a separation agreement filed as Exhibit 10.1.
Pacious's severance includes cash equal to 200% of base salary plus target annual bonus, plus a pro rata 2026 bonus.
Dragisich will receive a $500,000 cash bonus payable December 31, 2026, and an RSU award valued at $500,000 that vests in full after one year.
The company reaffirmed its full-year 2026 financial outlook.
Willamette Valley Vineyards appointed John Hazlett as Chief Financial Officer effective May 20, 2026, replacing John Ferry, who announced his retirement on February 12, 2026. Hazlett will receive a base salary of $216,000 per year and be eligible for an annual performance-based incentive of up to $24,000, under an employment agreement dated May 19, 2026.
Hazlett appointed CFO by the board on May 19, 2026, effective May 20, 2026
Base salary of $216,000 per year; annual incentive of up to $24,000
Replaces John Ferry, who announced his retirement as CFO on February 12, 2026 and will remain employed during an undetermined transition period
Hazlett previously was founding partner of Trailwise Advisory Services and CFO of RENA Technologies North America (2021 to 2024)
StepStone Group reported results for the fourth quarter and fiscal year ended March 31, 2026. Revenue rose sharply, but the full-year GAAP net loss attributable to the company grew to $535.8 million from $179.6 million, driven by equity-based compensation of $1.74 billion, while fourth-quarter ANI per share fell to $0.57 from $0.68.
Q4 total revenues were $588.6 million, up 56% from $377.7 million; Q4 net loss attributable to StepStone narrowed to $7.8 million from $18.5 million.
Full-year total revenues were $1.99 billion, up 70%, while full-year net loss attributable to StepStone was $535.8 million, or $6.78 per share, versus $179.6 million, or $2.52 per share.
Full-year ANI per share rose 5% to $2.16; Q4 ANI per share fell 16% to $0.57, and Q4 fee-related earnings rose 12% to $105.3 million.
Board declared a $0.28 quarterly dividend and a $0.55 supplemental dividend per Class A share, payable June 30, 2026, to holders of record on June 15, 2026.
Intuit reported fiscal third-quarter 2026 revenue of $8.6 billion, up 10%, and GAAP diluted earnings per share of $11.09, up 11%, and raised its full-year fiscal 2026 revenue guidance. The company also announced a plan to cut its full-time workforce by approximately 17% and estimated $300 million to $340 million in charges, mainly in the fourth fiscal quarter, which will weigh on reported GAAP results.
Q3 revenue of $8.6 billion, up 10%; non-GAAP diluted EPS of $12.80, up 10%
Full-year fiscal 2026 revenue guidance raised to $21.341 billion to $21.374 billion
Workforce reduction of approximately 17%, with charges of $300 million to $340 million, primarily in the quarter ending July 31, 2026
Quarterly dividend of $1.20 per share, payable July 17, 2026, to holders of record on July 9, 2026
TJX reported first-quarter fiscal 2027 results for the period ended May 2, 2026, with net sales of $14.3 billion, up 9%, and diluted earnings per share of $1.19, up from $0.92 a year earlier. The company raised its full-year fiscal 2027 outlook for comparable sales, pretax profit margin, diluted EPS, and share buybacks, though it said higher fuel costs will be unfavorable to the rest of the year compared with its previous outlook.
Q1 diluted EPS of $1.19 vs. $0.92 a year earlier; net income of $1.3 billion
Q1 consolidated comparable sales up 6% vs. 3% a year earlier; net sales of $14.3 billion, up 9%
Full-year FY27 outlook raised to diluted EPS of $5.08 to $5.15 and share buyback range to $2.75 to $3.0 billion
Q2 FY27 outlook: diluted EPS of $1.15 to $1.17; company cites a higher cost of fuel for the rest of the year
Lowe's reported first-quarter 2026 results for the period ended May 1, 2026. Total sales rose to $23.1 billion from $20.9 billion, and comparable sales increased 0.6%, but diluted EPS was $2.90 versus $2.92 a year earlier. The company said adjusted diluted EPS, which excludes $96 million of acquisition-related amortization, rose 3.8% to $3.03, and it affirmed its full-year 2026 outlook.
Total sales were $23.1 billion versus $20.9 billion in the prior-year quarter; comparable sales rose 0.6%.
Diluted EPS was $2.90 versus $2.92 a year earlier; adjusted diluted EPS was $3.03, up 3.8%.
Net earnings were $1.6 billion, and the company paid $674 million in dividends during the quarter.
Full-year 2026 outlook was affirmed, including diluted EPS of approximately $11.75 to $12.25.
XPEL completed the purchase of its San Antonio, Texas facility and adjoining properties on May 15, 2026, for approximately $60.4 million. The deal was funded by a $44.8 million PNC Bank loan that XPEL guaranteed and a $15.6 million equity contribution from the company, and it is part of a planned investment of about $110 million, which the company said it expects to fund mainly from cash flow and existing cash, with the company reaffirming its 2028 margin targets and anticipating minimal 2026 EPS impact excluding one-time costs.
Harvest Ventures Holding Company, a wholly-owned subsidiary, completed the acquisition of four San Antonio properties on May 15, 2026, for approximately $60.4 million.
Building Loan from PNC Bank: $44.8 million principal, 4.7% interest rate at closing, matures May 15, 2036, 25-year amortization.
XPEL guaranteed the Building Loan, and a Wells Fargo credit facility amendment permits equity investments of up to $18 million in Harvest and Harvest Industrial Corporation.
Company expects about $110 million total investment, within its previously communicated $75 million to $150 million range, and also acquired a manufacturing facility in China.
Wendy's board appointed Robert D. Wright as President and Chief Executive Officer, effective May 21, 2026, and elected him to the board. Kenneth Cook ceases as interim CEO but remains Chief Financial Officer. The filing contains no financial results or guidance, so the change in leadership is the main news for shareholders.
Wright, age 58, was most recently President and CEO of Potbelly Corporation from July 2020 until December 2025, and previously held Wendy's Chief Operations Officer roles.
Employment letter provides a $1 million base salary and a target bonus of 175% of base salary, with payouts ranging from zero to 200% of target.
Fiscal 2026 long-term incentive grant values: $3.1 million in performance share units, $900,000 in restricted stock units and $1.5 million in stock options.
Wright will not receive additional compensation for board service and serves on the Capital and Investment and Executive Committees.
Progressive reported April 2026 results in a news release furnished under Item 7.01. Net income rose 10% to $1,087 million and earned premiums rose 7% to $7,112 million, but the combined ratio worsened to 90.2 from 84.9, which the company attributed in part to hail and thunderstorm losses. Shareholders get higher April profit and per-share earnings, offset by weaker underwriting margin.
Net income $1,087 million vs. $986 million in April 2025, up 10%
Diluted earnings per share $1.86 vs. $1.68 a year earlier, up 11%
Net premiums written $7,278 million, up 6%; net premiums earned $7,112 million, up 7%
Combined ratio 90.2 vs. 84.9 a year earlier, up 5.3 points; net catastrophe loss ratio 7.0 from hail and thunderstorms
Chubb INA Holdings LLC agreed on May 18, 2026 to sell $1 billion of 5.300% Senior Notes due 2036 in a public offering, with Chubb Limited fully and unconditionally guaranteeing the notes. The filing attaches the underwriting and terms agreements, the note documents, and legal opinions, but it does not describe how the proceeds will be used. This is a routine debt financing, so the direct effect on shareholders is limited to the added debt and its guarantee by the parent company.
Principal amount: $1 billion of 5.300% Senior Notes due 2036
Issuer is Chubb INA Holdings LLC; Chubb Limited fully and unconditionally guarantees the notes
Agreement dated May 18, 2026; Barclays Capital Inc. and Wells Fargo Securities, LLC are representatives of the underwriters
Target reported first-quarter 2026 net sales of $25.4 billion, up 6.7% from a year earlier, and raised its 2026 net sales growth expectation to about 4%. Diluted EPS was $1.71, down 24.5% from the prior-year GAAP EPS of $2.27, which included $441 million of after-tax interchange fee settlement gains, but up 31.6% from prior-year Adjusted EPS of $1.30. For shareholders, sales and adjusted profit grew, and full-year EPS is now expected near the high end of the $7.50 to $8.50 range.
Net sales of $25.4 billion rose 6.7%; comparable sales grew 5.6%, with comparable traffic up 4.4%.
GAAP and Adjusted diluted EPS of $1.71 compared with $2.27 GAAP and $1.30 Adjusted in Q1 2025.
2026 guidance: net sales growth around 4%, two percentage points above the prior range; GAAP and Adjusted EPS near the high end of $7.50 to $8.50.
No stock repurchases in Q1; about $8.3 billion remained under the August 2021 repurchase authorization.
Caleres appointed Dan Karpel, its interim chief financial officer since January 2026, as chief financial officer effective immediately on May 20, 2026. The same release said the company expects first-quarter earnings per diluted share in the range of $0.39 to $0.41, which it describes as above its previous guidance, and it will report results on June 4.
Dan Karpel appointed CFO effective May 20, 2026; he has been interim CFO since January 21, 2026
Base salary of $550,000 with a target annual cash incentive of 65% of base salary
Q1 2026 GAAP EPS expected at $0.39 to $0.41; adjusted EPS expected at $0.35 to $0.37
Q1 sales expected at $667 million; results to be reported June 4, 2026 before market open
Roivant reported fourth-quarter net income attributable to the company of $303 million, compared with a loss of $206 million a year earlier, mainly due to a $770.2 million gain on the Moderna litigation settlement. Q4 revenue fell to $2.5 million from $7.6 million, and the full-year net loss attributable to the company widened to $299.8 million from $172.0 million, so the one-time gain does not reflect a steady operating improvement.
Q4 ended March 31, 2026: net income attributable to Roivant $303.0 million, or $0.28 diluted per share, versus a loss of $206.5 million ($0.29 per share) a year earlier
Gain on litigation settlement of $770.2 million; Q4 revenue $2.5 million versus $7.6 million
Full year: loss from continuing operations $397.9 million versus $729.8 million; net loss attributable to Roivant $299.8 million versus $172.0 million
Cash, cash equivalents and marketable securities of $4.3 billion as of March 31, 2026; Moderna to pay $950 million in July 2026 with an additional $1.3 billion contingent on an appeal
Immunovant reported results for the fourth quarter and fiscal year ended March 31, 2026, with its net loss widening as research and development spending rose to $142.3 million in the quarter, including $39.0 million in contractual costs tied to discontinuing batoclimab after two Phase 3 thyroid eye disease studies missed their primary endpoint. The company also shared preliminary open-label Week 16 data for IMVT-1402 in difficult-to-treat rheumatoid arthritis and said its $902.1 million in cash provides runway to a potential Graves' disease launch. For shareholders, the trial data are a positive step, but losses and spending increased, and the results remain preliminary.
Net loss for the quarter ended March 31, 2026 was $147.9 million ($0.73 per share), up from $106.4 million ($0.64 per share) a year earlier.
Full-year net loss was $505.6 million ($2.77 per share), compared with $413.8 million ($2.73 per share) in fiscal 2025.
IMVT-1402 showed an observed Week 16 ACR20 response rate of 72.7% in 165 evaluable patients in an open-label period; further updates are expected in the second half of calendar 2026.
Cash and cash equivalents totaled $902.1 million as of March 31, 2026.
Philip Morris International said its board approved Massimo Andolina, currently President, Europe Region, as Group Chief Financial Officer, replacing Emmanuel Babeau effective August 1, 2026. Babeau will stay with the company as Strategic Advisor to CEO Jacek Olczak through March 31, 2027, and will help Andolina with the transition; his separation is treated as a termination without cause, with payments described in the 2026 Proxy Statement.
Massimo Andolina, 57, becomes Group CFO effective August 1, 2026, succeeding Emmanuel Babeau.
Andolina has been President, Europe Region since January 2023 and joined the company in 2008.
Babeau remains as Strategic Advisor to Jacek Olczak, Group CEO, through March 31, 2027.
Andolina's compensation as Group CFO has not yet been determined.
Analog Devices reported fiscal second quarter 2026 revenue of $3.62 billion, up 37% from a year earlier, with GAAP diluted earnings per share of $2.40 versus $1.14. The company forecast third-quarter revenue of $3.9 billion, plus or minus $100 million, and reported EPS of $2.60, plus or minus $0.15, which gives shareholders a near-term outlook alongside the quarter's results.
Q2 revenue of $3.62 billion, up 37% from $2.64 billion; operating income of $1.38 billion, up 104%
Diluted EPS of $2.40 versus $1.14; adjusted diluted EPS of $3.09 versus $1.85 (non-GAAP)
Q3 fiscal 2026 outlook: revenue of $3.9 billion (+/- $100 million) and reported EPS of $2.60 (+/- $0.15)
Board declared a quarterly dividend of $1.10 per share, payable June 16, 2026, to holders of record on June 2, 2026
Indirect subsidiaries IIP-MD 1 LLC and IIP-NJ 3 LLC entered into two secured term loans with Amalgamated Bank on May 19, 2026, totaling $21.96 million at a fixed 6.67% rate, maturing June 5, 2031. A May 20 press release says the company closed four secured term loans totaling $44.9 million, with proceeds expected to repay unsecured notes maturing at the end of May. Innovative Industrial Properties guaranteed each borrower's obligations, adding to its direct debt exposure.
Loans of $10.56 million to IIP-MD 1 LLC and $11.4 million to IIP-NJ 3 LLC from Amalgamated Bank, dated May 19, 2026
Fixed 6.67% interest rate, monthly principal and interest payments on a 25-year amortization schedule starting July 5, 2026, and maturity on June 5, 2031
Loans secured by first-priority liens on the borrowers' properties; the company guaranteed each borrower's obligations
Prepayment premium declines from 5% in year one to 1% in year five; the press release describes four loans totaling $44.9 million, while the filing covers two
Hasbro reported first quarter 2026 revenue of $1.0 billion, up 13% from a year earlier, with GAAP diluted earnings per share of $1.39 versus $0.70 and adjusted diluted EPS of $1.47 versus $1.04. The company reiterated its full-year 2026 outlook and declared a $0.70 quarterly dividend, while stating that the full cost of the late-March 2026 unauthorized network access has not yet been determined.
Net revenues were $1,000.2 million, up from $887.1 million, led by Wizards and Digital Gaming revenue growth of 26%
GAAP operating profit was $270.3 million versus $170.7 million a year earlier; adjusted operating profit was $287.0 million
2026 guidance reiterated: total revenue up 3-5% in constant currency, adjusted operating margin of 24-25%, adjusted EBITDA of $1.40 billion to $1.45 billion
Quarterly dividend of $0.70 per share declared, payable June 11, 2026, to holders of record on June 1, 2026
VF Corp reported fourth-quarter revenue of $2.17 billion, up 1% from a year earlier, and an operating profit of $62 million versus a $73 million loss in the prior-year quarter. The quarter still produced a net loss of $119 million, or $0.30 per diluted share, mainly due to non-cash pension settlement charges tied to terminating its U.S. qualified plan. The company reinstated annual guidance for fiscal 2027 calling for revenue growth of 1% to 2% in constant currency, which signals management expects continued expansion.
Q4 FY2026 revenue was $2,166.0 million, up 1% from $2,143.8 million; excluding Dickies, revenue rose 8%
Q4 net loss was $119.3 million, or $0.30 per diluted share, versus a $0.39 loss a year earlier; pension settlement charges of about $158 million were excluded from adjusted results
Full-year FY2026 diluted EPS from continuing operations was $0.64 versus $0.18, and revenue was $9,605.2 million, up 1%
FY2027 guidance: revenue up 1% to 2% in constant currency, adjusted operating margin of about 8%, and free cash flow flat to up from $405 million; quarterly dividend of $0.09 payable June 18, 2026
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