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Target: Operating Income Doubles To $2.6 Billion, With Tariff Refunds Contributing Nearly $1 Billion

By Amit Chowdhry ● Aug 22, 2026

Target reported a sharp increase in second-quarter operating income as improving underlying margins combined with a nearly $1 billion benefit from previously paid tariff refunds. Operating income doubled to $2.6 billion from $1.3 billion in the prior-year quarter.

Viking: 2027 Advance Bookings Jump 21% To $4.7 Billion Even As Capacity Expands 15%

By Amit Chowdhry ● Aug 22, 2026

Viking Holdings is entering 2027 with substantially higher advance bookings even as the cruise operator prepares to increase its available capacity by another 15%.

Estée Lauder: Adjusted Operating Margin Expands 320 Basis Points As Profit Recovery Plan Takes Hold

By Amit Chowdhry ● Aug 22, 2026

The Estée Lauder Companies delivered substantial operating-margin improvement in fiscal 2026 as its Profit Recovery and Growth Plan began translating cost reductions and operational changes into higher profitability. Full-year adjusted operating income increased 47% to $1.69 billion from $1.15 billion.

Telix Posts $38 Million Profit After Tax, But $40 Million Regeneron Payment Exceeds Entire Profit

By Amit Chowdhry ● Aug 22, 2026

Telix Pharmaceuticals reported a $38 million profit after tax for the first half of 2026, but the result included a $40 million non-refundable payment from its strategic collaboration with Regeneron, meaning the collaboration payment exceeded the company's entire reported profit for the period.

Webull: Adjusted Operating Profit Jumps 169% As Trading Revenue Surges 66%, Volumes Hit Records And Vega AI Reaches 480,000 Users

By Amit Chowdhry ● Aug 22, 2026

Webull delivered what management called the best quarter in the company's history as a sharp increase in trading activity drove revenue and adjusted operating profit substantially higher, while adoption of its Vega artificial intelligence platform continued to expand.

Kingsoft Cloud: AI Billings Jump 82% As Company Posts First-Ever Positive GAAP Operating Margin

By Amit Chowdhry ● Aug 22, 2026

Kingsoft Cloud reported an 82% increase in AI cloud gross billings during the second quarter of 2026 as rapidly growing artificial intelligence demand helped the company achieve a positive GAAP operating margin for the first time.

ZIM: Q2 Net Income Jumps 167% As Freight Rates Rise 8%, But First-Half Results Remain In The Red

By Amit Chowdhry ● Aug 22, 2026

ZIM Integrated Shipping Services returned to substantially stronger profitability during the second quarter of 2026 as higher freight rates and increased carried volume lifted revenue, although weaker first-quarter results left the shipping company with a net loss for the first half.

Alumis: 54% Of Psoriasis Patients Achieved Complete Skin Clearance After 48 Weeks

By Amit Chowdhry ● Aug 22, 2026

Alumis reported long-term clinical data showing that more than half of patients treated continuously with envudeucitinib achieved complete skin clearance after up to 48 weeks, strengthening the company's plans to seek U.S. approval for the oral psoriasis treatment.

Coty: Free Cash Flow Jumps 25% Even As Adjusted EBITDA Falls 22% And Net Loss Widens To $618 Million

By Amit Chowdhry ● Aug 22, 2026

Coty generated substantially higher free cash flow during fiscal 2026 despite weaker underlying earnings and a significantly wider reported net loss, highlighting a divergence between the beauty company's cash generation and income-statement performance.

Weibo: Net Income Falls 46% As Operating Margin Drops 700 Basis Points Despite Reported Revenue Growth

By Amit Chowdhry ● Aug 22, 2026

Weibo reported modest second-quarter revenue growth but significantly weaker profitability as higher costs and expenses contributed to sharp declines in operating income and net income.

Wolfspeed: AI Data Center Revenue More Than Doubles In Fiscal 2026 And Rises 20% Sequentially In Q4

By Amit Chowdhry ● Aug 22, 2026

Wolfspeed reported that revenue from artificial intelligence data center applications more than doubled during fiscal 2026, providing a fast-growing end market for the silicon carbide company even as its broader financial results remained under significant pressure.

TOYO: U.S. Sales Jump 154% To 81% Of Revenue As Gross Margin Nearly Doubles

By Amit Chowdhry ● Aug 22, 2026

TOYO reported rapid first-half growth in its U.S. solar business, with sales to American end customers jumping approximately 154% and accounting for more than four-fifths of company revenue as manufacturing scale and production efficiencies drove substantial margin expansion.

Prelude Therapeutics Cuts Quarterly Net Loss 55% As R&D Spending Falls 38%

By Amit Chowdhry ● Aug 22, 2026

Prelude Therapeutics reduced its second-quarter 2026 net loss by approximately 55% year-over-year as research and development spending declined sharply following the pausing of previous clinical programs and a workforce reduction. Net loss narrowed to $13.9 million, or $0.14 per share, from $31.2 million, or $0.41 per share, in the prior-year quarter.

John B. Sanfilippo: Sales Volume Returns To Growth After Five Quarters, But EPS Falls 38%

By Amit Chowdhry ● Aug 22, 2026

John B. Sanfilippo & Son returned to companywide sales-volume growth during its fiscal fourth quarter of 2026 after five consecutive quarterly declines, but higher costs and operational challenges pressured profitability and drove diluted EPS down 38%. Fourth-quarter net sales increased 4.2% to $280.4 million, while sales volume increased 1.4% to 87.4 million pounds.

Alvotech Targets Three U.S. Biosimilar Decisions In Q4 After FDA Manufacturing Inspection Closes

By Amit Chowdhry ● Aug 22, 2026

Alvotech is targeting a potentially significant fourth quarter of 2026, with U.S. regulatory decisions anticipated for three biosimilar programs following resubmissions to the FDA and the closure of a recent inspection of its manufacturing facility in Reykjavik.

Flex LNG: Net Income Jumps 130% Sequentially As Middle East Volatility Boosts Spot-Exposed Vessels

By Amit Chowdhry ● Aug 22, 2026

Flex LNG reported a sharp sequential improvement in second-quarter 2026 earnings as heightened volatility in global energy markets created profitable opportunities for the company's spot-exposed LNG carriers.

Jaguar Health: Sales And Marketing Spending Reduced More Than 99% After Future Pak Licensing Deal

By Amit Chowdhry ● Aug 22, 2026

Jaguar Health reduced quarterly sales and marketing spending by more than 99% after transferring U.S. commercial responsibility for Mytesi and Canalevia-CA1 to Future Pak, substantially changing the company's cost structure and revenue model.

Exyn: Gross Margin Expands 630 Basis Points Despite 32% Revenue Decline As Software Mix Increases

By Amit Chowdhry ● Aug 22, 2026

Exyn Technologies reported a substantial improvement in second-quarter gross margin despite lower revenue as a growing contribution from software and subscription sales shifted the company's business mix toward higher-margin offerings.

Cosmos Health: Revenue Rises 29% To Record, But Net Loss More Than Doubles To $6.1 Million

By Amit Chowdhry ● Aug 22, 2026

Cosmos Health reported record second-quarter revenue in 2026, but its GAAP net loss more than doubled as financing-related fair-value adjustments outweighed improving adjusted operating performance. Revenue increased 28.8% to a record $18.99 million from $14.75 million.

Beam Global: Revenue Jumps 174% Sequentially As International Sales Approach Half Of Revenue

By Amit Chowdhry ● Aug 22, 2026

Beam Global reported a sharp sequential rebound in second-quarter revenue as its international operations became an increasingly significant part of the business.

Accuray: Service Revenue Rises 6% To Nearly 60% Of Sales As Product Revenue Plunges 42%

By Amit Chowdhry ● Aug 22, 2026

Accuray's revenue mix shifted sharply toward recurring service revenue during its fiscal fourth quarter of 2026 as product sales declined 42% while service revenue continued growing. Fourth-quarter total revenue fell 21% to $100.9 million from $127.5 million.

Circle8: Revenue More Than Triples After European Acquisition, But Gross Margin Falls 370 Basis Points

By Amit Chowdhry ● Aug 22, 2026

Circle8 Group's second-quarter revenue more than tripled after it acquired European technology staffing platform Circle8 Group B.V., but the expansion came with significantly lower consolidated gross margins.

Virtuix Expands Omni One Into Tesla Optimus, NASA And U.S. Military Applications

By Amit Chowdhry ● Aug 22, 2026

Virtuix Holdings is expanding its Omni One full-body virtual-reality platform well beyond consumer gaming, with recent deployments and development programs spanning Tesla's Optimus humanoid robot program, NASA exploration simulations, and multiple U.S. military applications.

UNIFI: Gross Margin Swings 1,070 Basis Points As Adjusted EBITDA Turns Positive

By Amit Chowdhry ● Aug 22, 2026

UNIFI delivered a significant profitability turnaround during the fiscal fourth quarter of 2026, with gross margin improving by more than 1,000 basis points and adjusted EBITDA swinging into positive territory despite only modest revenue growth. Fourth-quarter net sales increased 4.1% to $144.2 million from $138.5 million. Gross profit, however, improved dramatically to $14.3 million from a gross loss of $1.1 million in the prior-year period.

Marti: Gross Margin Expands Nearly 1,950 Basis Points As Revenue Jumps 141% And Adjusted EBITDA Turns Positive

By Amit Chowdhry ● Aug 22, 2026

Marti Technologies delivered a major improvement in profitability during the second quarter of 2026 as rapid revenue growth, higher platform monetization, and operating leverage pushed gross margin to a record level and adjusted EBITDA into positive territory.

Capitan Orthopedics Closes Seed Round, Bringing Total Funding To $4.1 Million

By Amit Chowdhry ● Aug 21, 2026

Capitan Orthopedics has closed an oversubscribed Seed financing round, bringing total capital raised to $4.1 million. The company said the Seed round was oversubscribed by more than $1.1 million.

Thunder Compute Raises $13 Million Series A To Unlock $200 Billion Of Idle GPU Capacity

By Amit Chowdhry ● Aug 21, 2026

Thunder Compute has raised $13 million in Series A funding to scale its GPU virtualization technology and help enterprises extract more computing capacity from underutilized AI infrastructure. The round was led by Matrix Partners, which also led Thunder Compute's Seed round earlier this year, with participation from Y Combinator and CEAS Investments.

CPP Investments Commits C$200 Million To 2-Hotel Brazil Joint Venture With HSI

By Amit Chowdhry ● Aug 21, 2026

CPP Investments has agreed to invest approximately C$200 million for a 49.5% interest in two Hilton hotels in Brazil through a new joint venture with Brazilian real estate investment manager HSI. The portfolio includes the Hilton Copacabana in Rio de Janeiro and Hilton Morumbi in São Paulo.

Baker Hughes Wins Major Kutei Northern Hub Subsea Contract For 17 Deepwater Production Systems In Indonesia

By Amit Chowdhry ● Aug 21, 2026

Baker Hughes has received a substantial award from Searah North Ganal Limited to supply subsea production systems and digital technology for the Kutei Northern Hub natural gas development offshore Indonesia.

FM Acquires FortressFire To Add AI And Physics-Based Wildfire Risk Intelligence

By Amit Chowdhry ● Aug 21, 2026

Commercial property insurer FM has acquired FortressFire, a wildfire intelligence company combining machine learning with physics-based modeling to assess and mitigate property-level wildfire risks. Financial terms of the transaction were not disclosed.