Michael Wrubel

Anyone down more than 5% today?

MODINE $MOD Q2 FY27 EARNINGS HIGHLIGHTS 🔹 Revenue: $994.4M (Est. $978.3M) 🟢; +35% YoY 🔹 Adj. EPS: $1.35 (Est. $1.45) 🔴; +27% YoY 🔹 Adj. EBITDA: $136.2M; +31% YoY 🔹 GAAP EPS: $0.56; −33% YoY Business Breakdown: 🔹 Data Centers: $439.7M; +95% YoY 🔹 Commercial HVAC: $285.5M; +23% YoY 🔹 Performance Technologies: $287.7M; approximately flat YoY 🔹 Data Center Adj. EBITDA: $67.6M; +66% YoY FY27 Continuing-Business Outlook: 🔹 Revenue: $3.1B–$3.2B; +50%–55% YoY 🔹 Adj. EBITDA: $470M–$500M; growth above 50% 🔹 Guidance excludes Performance Technologies following its October 1 spin-off Management: 🔸 Reports record data center orders and backlog. 🔸 Signed long-term supplier agreements to secure critical components. 🔸 GAAP earnings included $29.5M in tax expense related to the spin-off.

CAMTEK $CAMT Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $161.3M (Est. $160.06M) 🟢; +28% YoY, +21% QoQ 🔹 Adj. EPS: $0.99 (Est. $0.99) 🟡 🔹 Adj. Net Income: $50.3M; +23% YoY 🔹 Adj. Operating Income: $47.5M; +26% YoY 🔹 Adj. Operating Margin: 29.5% 🔹 Adj. Gross Margin: 51.1% 🔹 Operating Cash Flow: $71.1M 🔹 Cash, Deposits & Marketable Securities: $877.1M Outlook Reaffirmed: 🔹 Q4 Revenue: Approximately $180M; +40% YoY 🔹 FY26 Revenue: Approximately $595M 🔹 FY27 Revenue: Above $800M; approximately +35% YoY Management: 🔸 AI-driven advanced packaging demand continues supporting growth. 🔸 CEO says Camtek has visibility a year ahead for the first time in its history.

JUST IN: Google $GOOGL to invest $15B in data centers in Malaysia.

DATADOG $DDOG Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $1.20B (Est. $1.15B) 🟢 🔹 Adj. EPS: $0.81 (Est. $0.65) 🟢 🔹 Adj. Operating Income: $334M 🔹 Free Cash Flow: $251M 🔹 Customers With $100K+ ARR: ~4,860; +20% YoY Q4 Guidance: 🔹 Revenue: $1.19B–$1.20B (Est. $1.20B) 🟡 🔹 Adj. EPS: $0.69–$0.71 (Est. $0.66) 🟢 🔹 Adj. Operating Income: $280M–$290M FY26 Guidance: 🔹 Revenue: $4.52B–$4.53B (Est. $4.48B) 🟢 🔹 Adj. EPS: $2.73–$2.75 (Est. $2.55) 🟢 🔹 Adj. Operating Income: $1.10B–$1.11B Product Updates: 🔸 Launched Scout 1.0, powering Bits Investigation.

APPLE $AAPL Q4 FY26 EARNINGS HIGHLIGHTS 🔹 Revenue: $114.48B (Est. $113.38B) 🟢; +12% YoY 🔹 EPS: $2.10 (Est. $1.99) 🟢; +14% YoY 🔹 Net Income: $30.71B; +12% YoY 🔹 Operating Income: $35.63B; +10% YoY 🔹 Gross Margin: 47.9% (Est. 47.5%) 🟢 Revenue by Business: 🔹 iPhone: $57.58B (Est. $56.54B) 🟢; +17% YoY 🔹 Services: $31.57B (Est. $31.58B) 🔴; +10% YoY 🔹 Mac: $10.79B (Est. $9.61B) 🟢; +24% YoY 🔹 iPad: $6.23B (Est. $6.70B) 🔴; −10% YoY 🔹 Wearables, Home & Accessories: $8.30B (Est. $9.06B) 🔴; −8% YoY Geographic Revenue: 🔹 Americas: $48.68B; +10% YoY 🔹 Europe: $32.01B; +12% YoY 🔹 Greater China: $17.54B (Est. $18.58B) 🔴; +21% YoY 🔹 Japan: $6.54B; −1% YoY 🔹 Rest of Asia Pacific: $9.71B; +15% YoY Cash & Capital Return: 🔹 Operating Cash Flow: $28B 🔹 Returned $28B to shareholders 🔹 Dividend: $0.27/share, payable November 16 Other Highlights: 🔹 Record September-quarter revenue, iPhone sales and EPS 🔹 Services revenue reached an all-time high 🔹 Active device installed base reached an all-time high 🔹 FY26 Revenue: $478.83B; +15% YoY 🔹 FY26 EPS: $8.98; +20% YoY 🔹 Tariff refunds boosted quarterly EPS by $0.05 and gross margin by approximately 1 percentage point

BREAKING: Marvell $MRVL agrees to acquire Lumentum $LITE in an all-stock deal with an implied enterprise value of $115B, combining custom AI chips with the lasers and optical technology connecting AI data centers. LITE shareholders will receive 4.5 MRVL shares per share. Closing is expected in H1 2028.

JUST IN: SpaceX $SPCX is reportedly in talks to buy EchoStar’s $SATS Boost Mobile or access its wireless network, potentially expanding its push into mobile connectivity.

JUST IN: Thrive Holdings agrees to buy home-security giant $ADT for $7.6B in cash, or $10 per share. The deal values ADT at $15.3B including debt.

JUST IN: $GOOG says Gemini has reached 1B users, making it the fastest-growing product in the company’s history.

AI writing platform Jenni AI has more than 8M users across 189 countries and was just acquired by Digital Science.

JUST IN: AI coding startup Cognition is reportedly considering funding at a $70B–$80B valuation, up from $48B in September. The company builds Devin, an AI agent that automates software engineering tasks.

JUST IN: AI startup Bites Raises $40M Series A to turn company documents into short employee-training videos delivered through WhatsApp, SMS and Teams. Customers include Coca-Cola, Unilever and Shake Shack.

COGNIZANT $CTSH Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $5.66B (Est. $5.65B) 🟢; +4.6% YoY 🔹 Adj. EPS: $1.49 (Est. $1.46) 🟢; +7.2% YoY 🔹 Adj. Net Income: $670M vs. $675M last year 🔹 Adj. Operating Margin: 16.3%; +30 bps YoY 🔹 GAAP EPS: $1.39; +148% YoY Business Highlights: 🔹 Financial Services Revenue: +12% YoY 🔹 Trailing 12-Month Bookings: $28.7B; +4% 🔹 Seventh consecutive quarter of YoY adjusted operating margin expansion 🔹 More than 50% of code is now AI-assisted 🔹 Employees earned over 95,000 frontier AI badges and certifications Cash Flow & Capital Return: 🔹 YTD Free Cash Flow: $1.58B 🔹 YTD Buybacks & Dividends: $2.3B 🔹 Quarterly Dividend Declared: $0.33/share Guidance: 🔹 Q4 Revenue: $5.49B–$5.57B 🔹 FY26 Revenue: $22.05B–$22.14B 🔹 FY26 Adj. EPS: $5.72–$5.79; +8%–10% 🔹 FY26 Adj. Operating Margin: approximately 16.1% Management: 🔸 Enterprise AI demand is shifting toward measurable business value, with Cognizant expanding AI capabilities and employee training.

KLA $KLAC Q1 FY27 EARNINGS HIGHLIGHTS 🔹 Revenue: $4.14B (Est. $4.04B) 🟢; +28.9% YoY 🔹 Adj. EPS: $1.22 (Est. $1.18) 🟢; +38.6% YoY 🔹 Adj. Net Income: $1.60B; +37.4% YoY 🔹 GAAP Net Income: $1.55B; +38.1% YoY Segment Revenue: 🔹 Semiconductor Process Control: $3.75B; +29.5% YoY 🔹 Specialty Semiconductor Process: $139.5M; +16.5% 🔹 PCB & Component Inspection: $242.2M; +27.8% Cash Flow: 🔹 Operating Cash Flow: $1.53B; +31.8% YoY 🔹 Free Cash Flow: $1.34B; +25.4% 🔹 Trailing 12-Month Free Cash Flow: $4.04B Capital Return: 🔹 Buybacks: $936M 🔹 Dividends: $305M 🔹 Total Returned: $1.24B Q2 FY27 Guidance: 🔹 Revenue: $4.5B–$4.9B; midpoint $4.7B (Est. $4.49B) 🟢 🔹 Adj. EPS: $1.33–$1.55; midpoint $1.44 (Est. $1.36) 🟢 🔹 Adj. Gross Margin: 62.5% ±1 percentage point AI Highlights: 🔸 Management highlighted leading-edge chips, increasingly complex memory and advanced packaging as growth drivers supporting the AI infrastructure buildout. Note: EPS figures reflect KLA’s 10-for-1 stock split.

INSTACART $CART Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $1.095B (Est. $1.07B) 🟢; +17% YoY 🔹 EPS: $0.60 (Est. $0.63) 🔴 🔹 Net Income: $147M; +2% YoY 🔹 Adj. EBITDA: $342M; +23% YoY 🔹 Adj. EBITDA Margin: 31% 🔹 Gross Profit: $786M; +14% YoY 🔹 Gross Margin: 72% Revenue Breakdown: 🔹 Transaction Revenue: $764M; +14% YoY 🔹 Advertising & Other Revenue: $331M; +23% Operating Metrics: 🔹 Gross Transaction Value: $10.53B; +15% YoY 🔹 Orders: 91.4M; +10% 🔹 Revenue as % of GTV: 10.4% Cash Flow & Capital Return: 🔹 Operating Cash Flow: $324M; +13% YoY 🔹 Free Cash Flow: $307M; +13% 🔹 Share Buybacks: $230M 🔹 Cash & Similar Assets: $1B DOORDASH ACQUISITION: 🔹 DoorDash $DASH agreed to acquire Instacart for approximately $17B 🔹 Offer: $65/share, a 26% premium to the October 22 closing price 🔹 Consideration: at least 75% cash and up to 25% DoorDash stock 🔹 Expected closing: late 2027 or first half of 2028, subject to approvals 🔹 Instacart’s brand and app expected to remain Guidance: 🔸 Financial guidance suspended and earnings call cancelled following the acquisition agreement.

JUST IN: Meta $META launched an AI Tamagotchi called Waddle World, a virtual pet that listens to your day and turns it into illustrated diary entries. It’s currently available in the Philippines.

JUST IN: Treasury Secretary Scott Bessent says he doesn’t think AI debt is problematic at all. He says neoclouds are a small part of the AI ecosystem and financing and deals are still getting done.

JUST IN: OpenAI reportedly plans to buy AI chips from $GOOGL, one of its biggest competitors.

JUST IN: The $399 robot duck $NVDA CEO Jensen Huang showcased has topped 20,000 preorders, with new orders reportedly shipping after April 2027. 🦆