[Second Quarter 2025 Financial Highlights](index=1&type=section&id=Second%20Quarter%202025%20Financial%20Highlights) This section summarizes Spirit AeroSystems' Q2 2025 financial performance, including revenues, earnings, and cash flow [Summary of Key Financial Metrics](index=1&type=section&id=Summary%20of%20Key%20Financial%20Metrics) Spirit AeroSystems reported Q2 2025 revenues of $1.6 billion, an EPS of $(5.36), and cash used in operations of $144 million, with free cash flow usage of $190 million Key Financial Metrics - Q2 2025 | Metric | Q2 2025 | | :--- | :--- | | Revenues | $1.6 billion | | EPS | $(5.36) | | Adjusted EPS* | $(3.34) | | Cash used in operations | $144 million | | Free cash flow* usage | $190 million | [Revenue Performance](index=1&type=section&id=Revenue) Spirit's Q2 2025 revenue increased year-over-year, primarily driven by higher production activity on most Boeing programs, especially the 737 and 787 - Q2 2025 revenue increased from Q2 2024 due to higher production activity on most Boeing programs, particularly the Boeing 737 and 787 programs[2](index=2&type=chunk) - Boeing 737 deliveries were significantly higher year-over-year, compensating for delays in H1 2024 caused by a joint product verification process[2](index=2&type=chunk) [Earnings Performance](index=1&type=section&id=Earnings) Operating loss in Q2 2025 rose significantly, primarily from business dispositions and program-related losses - Operating loss in Q2 2025 increased compared to Q2 2024, primarily due to a **$133 million loss** on dispositions of businesses related to the planned transfer of certain assets and sites to Airbus[4](index=4&type=chunk) Impact of Losses and Adjustments on Earnings | Item | Q2 2025 Impact | Primary Drivers | | :--- | :--- | :--- | | Net forward losses | $219 million | Airbus A220 ($100M), Airbus A350 ($58M), Boeing 787 ($38M) due to foreign exchange, production performance, supply chain cost growth (including tariffs on B787) | | Unfavorable cumulative catch-up adjustments | $20 million | Increased production costs on Boeing 737 program (including tariffs) | | Excess capacity costs | $44 million | - | Earnings Per Share Comparison | Metric | Q2 2025 | Q2 2024 | Change | | :--- | :--- | :--- | :--- | | EPS | $(5.36) | $(3.56) | (51%) | | Adjusted EPS* | $(3.34) | $(2.73) | (22%) | [Cash and Liquidity](index=2&type=section&id=Cash) Q2 2025 cash from operations and free cash flow improved, driven by working capital timing and higher Boeing 737 deliveries - Cash from operations and free cash flow improved in Q2 2025 compared to Q2 2024, largely due to the timing of working capital driven by higher Boeing 737 deliveries[8](index=8&type=chunk) Cash Flow and Free Cash Flow Comparison | Metric | Q2 2025 | Q2 2024 | Change | | :--- | :--- | :--- | :--- | | Cash used in operations | ($144) million | ($566) million | 75% improvement | | Free cash flow* usage | ($190) million | ($597) million | 68% improvement | - The Company's cash balance at the end of Q2 2025 was **$370 million**[8](index=8&type=chunk) [Operational and Strategic Developments](index=1&type=section&id=Operational%20and%20Strategic%20Developments) This section details Spirit AeroSystems' backlog, liquidity challenges, the pending Boeing acquisition, and recent subsequent events [Backlog](index=1&type=section&id=Backlog) Spirit AeroSystems' backlog stood at approximately $51 billion at the end of Q2 2025, encompassing work packages across all commercial platforms - Spirit's backlog at the end of Q2 2025 was approximately **$51 billion**, including work packages on all commercial platforms in the Airbus and Boeing backlog[3](index=3&type=chunk) [Liquidity Management and Going Concern](index=2&type=section&id=Liquidity%20Management%20and%20Going%20Concern) Significant reductions in projected revenue and cash flows have created substantial doubt about the Company's ability to continue as a going concern - Significant reductions in projected revenue and cash flows over the next twelve months resulted from production and delivery process changes by Boeing, lower 737 production rates, and the lack of price increases on Airbus programs[9](index=9&type=chunk) - The Company expects to continue generating operating losses for the foreseeable future and will need to obtain additional funding to sustain operations[9](index=9&type=chunk) - Management's liquidity improvement plan depends on customer advances, forecasted 737 deliveries, divestiture proceeds, and the outcome of merger transactions, but there is no assurance these plans will sufficiently improve liquidity, leading to substantial doubt about the Company's ability to continue as a going concern[10](index=10&type=chunk)[11](index=11&type=chunk) [Pending Boeing Acquisition of Spirit AeroSystems](index=3&type=section&id=Pending%20Boeing%20Acquisition%20of%20Spirit%20AeroSystems%20Update) Spirit AeroSystems entered a Merger Agreement with Boeing, expecting to close in Q4 2025, subject to divestitures and regulatory approvals - Spirit AeroSystems entered into a Merger Agreement with The Boeing Company on June 30, 2024, with the Company expected to become a wholly owned subsidiary of Boeing upon completion[12](index=12&type=chunk) - The closing of the transaction is anticipated in Q4 2025, subject to the divestiture of certain Airbus-related businesses and regulatory approvals[12](index=12&type=chunk) - Both Spirit and Boeing received a second request for additional information from the Federal Trade Commission as part of the regulatory review process[12](index=12&type=chunk) [Subsequent Events](index=3&type=section&id=Subsequent%20Events) This section outlines recent legislative, contractual, and legal developments impacting Spirit AeroSystems [One Big Beautiful Bill Act (OBBBA)](index=3&type=section&id=One%20Big%20Beautiful%20Bill%20Act) The OBBBA, signed into law on July 4, 2025, includes business tax reform provisions, but Spirit does not expect a material financial impact in 2025 - The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, includes business tax reform provisions such as enhanced deductibility of bonus depreciation, domestic research costs, and interest expense[13](index=13&type=chunk) - Spirit does not expect the OBBBA to have a material impact on its financial statements or cash taxes in 2025[13](index=13&type=chunk) [Airbus Memorandum of Agreement (MoA)](index=3&type=section&id=Airbus%20MoA) Spirit entered an amended MoA with Airbus on July 11, 2025, securing an additional $94 million support package exclusively for Airbus programs - On July 11, 2025, Spirit entered into an amended MoA with Airbus S.A.S., securing an additional **$94 million support package**, bringing the total to **$152 million**, to be used solely for Airbus programs[14](index=14&type=chunk) - Assets purchased with this financial support will be directly or indirectly assumed by Airbus S.A.S. or its affiliates upon the close of the transactions contemplated by the April 27, 2025 Stock and Asset Purchase Agreement[14](index=14&type=chunk)[15](index=15&type=chunk) [Former CEO Litigation](index=4&type=section&id=Former%20CEO%20Litigation) Spirit AeroSystems successfully concluded litigation with its former CEO, Larry Lawson, leading to the reversal of approximately $48 million in accrued liabilities - Spirit AeroSystems successfully concluded litigation with its former CEO, Larry Lawson, over a disputed restrictive covenant, with the Appellate Court affirming the District Court's judgment in Spirit's favor on April 25, 2025[16](index=16&type=chunk) - As a result of the litigation's conclusion, the Company will reverse accrued liabilities of approximately **$48 million** in Q3 2025[16](index=16&type=chunk) [Segment Performance](index=4&type=section&id=Segment%20Results) This section analyzes the financial performance of Spirit AeroSystems' Commercial, Defense & Space, and Aftermarket segments [Commercial Segment](index=4&type=section&id=Commercial) The Commercial segment's Q2 2025 revenue increased due to higher production on Boeing and Airbus programs, with improved operating margin - Commercial segment revenue in Q2 2025 increased from the prior year, primarily due to higher production activity on most Boeing and Airbus programs[17](index=17&type=chunk) - Operating margin for the Commercial segment increased in Q2 2025 compared to Q2 2024, primarily driven by lower changes in estimate charges[17](index=17&type=chunk) Commercial Segment Financials | Metric | Q2 2025 | Q2 2024 | Change | | :--- | :--- | :--- | :--- | | Revenue | $1,266.3 million | $1,166.4 million | 8.6% | | Operating Loss | ($234.3) million | ($270.5) million | 13.4% improvement | | Operating Loss as % of Revenues | (18.5%) | (23.2%) | 470 BPS improvement | | Net forward losses | $212 million | $212 million | 0% | | Unfavorable cumulative catch-up adjustments | $11 million | $49 million | 77.6% decrease | | Excess capacity costs | $35 million | $44 million | 20.5% decrease | [Defense & Space Segment](index=4&type=section&id=Defense%20%26%2

Financial Performance - Spirit AeroSystems reported second quarter 2025 revenue of $1.635 billion, a 10% increase from $1.492 billion in the same period of 2024 [23] - The operating loss for the second quarter of 2025 was $481 million, compared to a loss of $331 million in the same period of 2024, representing a 45% increase in losses [23] - The net loss for the second quarter of 2025 was $631 million, a 52% increase from $415 million in the second quarter of 2024 [23] Earnings and Cash Flow - The second quarter 2025 EPS was $(5.36), compared to $(3.56) in the same period of 2024, indicating a 51% decline [6][23] - Cash used in operations improved to $144 million in the second quarter of 2025 from $566 million in the same period of 2024, a 75% improvement [23] - Free cash flow usage decreased to $190 million in the second quarter of 2025 from $597 million in the same period of 2024, a 68% improvement [23] Backlog and Deliveries - Spirit's backlog at the end of the second quarter of 2025 was approximately $51 billion, encompassing work packages on all commercial platforms in the Airbus and Boeing backlog [3] - Total deliveries in the second quarter of 2025 increased significantly, with Boeing 737 deliveries rising to 113 from 27 year-over-year [24] Segment Performance - The Commercial segment revenue increased to $1.266 billion in the second quarter of 2025, up 8.6% from $1.166 billion in the same period of 2024 [23] - The Defense & Space segment revenue rose to $266 million, an 18.5% increase from $224 million in the second quarter of 2024 [23] - The Aftermarket segment revenue increased slightly to $102.8 million, up 1.7% from $101.1 million in the same period of 2024 [23] Strategic Developments - The company entered into a merger agreement with Boeing, expected to close in the fourth quarter of 2025, subject to regulatory approvals and other conditions [10] - Spirit has received a request for additional information from the Federal Trade Commission as part of the regulatory review process for the merger [10] Recent Legislation Impact - The One Big Beautiful Bill Act (OBBBA) signed into law on July 4, 2025, includes business tax reform provisions, but is not expected to have a material impact on Spirit's financial statements or cash taxes in 2025 [12]

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Spirit Aerosystems, driven by higher revenues, but actual results compared to estimates will significantly influence stock price movements [1][2]. Financial Expectations - Spirit Aerosystems is projected to report a quarterly loss of $0.52 per share, reflecting an 81% improvement year-over-year. Revenues are expected to reach $1.82 billion, marking a 22.1% increase from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 8.82% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%. The stock currently holds a Zacks Rank of 4, complicating predictions for an earnings beat [12][13]. Historical Performance - Spirit Aerosystems has not surpassed consensus EPS estimates in the last four quarters, with a significant negative surprise of -272.81% in the most recent quarter [14][15]. Conclusion - The company does not appear to be a strong candidate for an earnings beat, and investors should consider additional factors when evaluating the stock ahead of the earnings release [18].

Market Movements - US stock index futures are all up, with Dow futures rising by 0.30%, S&P 500 futures up by 0.27%, and Nasdaq futures increasing by 0.31% [1] - European indices also show positive movement, with Germany's DAX up by 0.77%, UK's FTSE 100 up by 0.56%, France's CAC 40 up by 1.30%, and the Euro Stoxx 50 up by 0.93% [2][3] Commodity Prices - WTI crude oil has increased by 0.34%, priced at $65.46 per barrel, while Brent crude oil is up by 0.21%, priced at $66.83 per barrel [4] Economic Indicators - The core PCE price index for May is expected to show a month-on-month increase of 0.1%, consistent with April's figures, while the year-on-year increase is projected to rise to 2.6% from April's 2.5% [5] - Recent comments from Federal Reserve officials indicate a cautious approach towards potential interest rate cuts, with emphasis on waiting for clearer economic signals [6] Corporate News - Nike reported Q4 revenue of $11.1 billion, a 12% year-on-year decline, but exceeded market expectations of $10.72 billion. The company anticipates a smaller revenue decline in Q1 than analysts predicted [9] - Tesla's CEO Elon Musk has dismissed the head of North American and European operations amid declining sales, particularly in Europe, where sales have dropped by approximately 28% year-on-year [10] - Toyota achieved record global sales of approximately 956,000 vehicles in May, marking an 8% year-on-year increase, despite challenges from tariffs [11] - Boeing's proposed acquisition of Spirit AeroSystems is under scrutiny by the UK competition regulator, assessing potential impacts on market competition [12] - CoreWeave is attempting to acquire Core Scientific to expand its cloud computing capabilities, following a previous unsuccessful attempt [13]

Core Viewpoint - Spirit Aerosystems (SPR) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on the consensus measure of EPS estimates from sell-side analysts, reflecting the company's changing earnings picture [1][2]. - A strong correlation exists between earnings estimate revisions and near-term stock price movements, with institutional investors playing a role in this relationship [4][6]. Recent Performance and Projections - For the fiscal year ending December 2025, Spirit Aerosystems is expected to earn $0.39 per share, representing a 102.8% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Spirit Aerosystems has increased by 258.1%, indicating a significant upward trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of Spirit Aerosystems to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Revenue Performance - Revenue for Q1 2025 was $1.5 billion, a decrease from the same period in 2024, primarily due to lower production activity on Boeing programs, especially the Boeing 737[5]. - Net revenues for Q1 2025 were $1,522 million, a decrease of 11% compared to $1,703 million in Q1 2024[27]. - Total segment revenues decreased by 10.6% to $1,521.8 million in Q1 2025 from $1,702.8 million in Q1 2024[27]. - Commercial segment revenues fell by 14.3% to $1,161.6 million in Q1 2025, while Defense & Space segment revenues increased by 4.1% to $261 million[27]. Financial Losses and Improvements - Operating loss in Q1 2025 improved compared to Q1 2024, with a gain of $80 million from the sale of Fiber Materials, Inc., partially offset by a warranty reserve of $116 million[4]. - Operating loss for Q1 2025 was $487 million, an improvement of 8% from a loss of $528 million in Q1 2024[27]. - Net loss for Q1 2025 was $613 million, slightly improved by 1% from a loss of $617 million in Q1 2024[27]. - Adjusted diluted loss per share improved to ($4.25) in Q1 2025 from ($3.93) in Q1 2024[42]. Cash Flow and Operations - Cash used in operations was $420 million, with free cash flow usage of $474 million during Q1 2025[5]. - The company reported a free cash flow of ($474) million in Q1 2025, a 7% decline from ($444) million in Q1 2024[27]. - The company reported a net cash used in operating activities of $419.5 million for Q1 2025, compared to $415.6 million for Q1 2024[35]. Backlog and Deliveries - Spirit's backlog at the end of Q1 2025 was approximately $48 billion, encompassing work packages on all commercial platforms in the Airbus and Boeing backlog[3]. - Spirit delivered a total of 429 shipsets in Q1 2025, a significant increase from 307 shipsets in Q1 2024[29]. Debt and Assets - Total debt as of April 3, 2025, was $4,363 million, a slight decrease from $4,394 million as of December 31, 2024[27]. - Total assets decreased from $6,762.8 million at December 31, 2024, to $6,477.5 million at April 3, 2025, a decline of approximately 4.22%[33]. - Total stockholders' equity (deficit) worsened from ($2,616.0 million) at December 31, 2024, to ($3,193.4 million) at April 3, 2025[33]. Inventory and Liabilities - Inventory increased from $1,891.7 million at December 31, 2024, to $2,019.8 million at April 3, 2025, an increase of approximately 6.8%[33]. - Total current liabilities decreased from $3,567.4 million at December 31, 2024, to $3,392.6 million at April 3, 2025, a reduction of approximately 4.9%[33]. - Accounts receivable increased from $395.3 million at December 31, 2024, to $527.6 million at April 3, 2025, an increase of approximately 33.4%[33]. Strategic Agreements and Future Guidance - Spirit entered into a definitive agreement with Airbus to transfer certain assets for $439 million, expected to close in Q3 2025[14]. - The merger agreement with Boeing is expected to close in Q3 2025, subject to regulatory approvals and other conditions[13]. - Due to the merger agreement, Spirit will not provide financial guidance for 2025[20]. Challenges - The company is facing challenges related to the global aerospace supply chain and inflationary pressures impacting raw material costs[24]. - Total change in estimates included net forward losses of $293 million, primarily driven by the Airbus A350, A220, and Boeing 787 programs[7]. - The Commercial segment revenue decreased in Q1 2025, with net forward losses of $263 million and excess capacity costs of $41 million[16]. - The Defense & Space segment revenue increased in Q1 2025, driven by higher activity on the Boeing P-8 and Sikorsky CH-53K, despite net forward losses of $30 million[17].

Core Viewpoint - Spirit AeroSystems reported a decline in revenue and operating loss in the first quarter of 2025, primarily due to reduced production activity on Boeing programs, particularly the Boeing 737, although there was an increase in Airbus program activity [2][4][10]. Financial Performance - Revenue for the first quarter of 2025 was $1.522 billion, down 11% from $1.703 billion in the same period of 2024 [24]. - The operating loss improved to $487 million from $528 million year-over-year, with an operating loss margin of 32.0% compared to 31.0% in 2024 [24]. - Net loss was $613 million, slightly improved from $617 million in the previous year, resulting in a net loss per share of $(5.21) compared to $(5.31) [10][24]. Cash Flow and Liquidity - Cash used in operations was $420 million, a slight increase from $416 million in the prior year, while free cash flow usage was $474 million compared to $444 million [25][30]. - The cash balance at the end of the first quarter of 2025 was $220 million, down from $537 million at the end of 2024 [25][31]. Segment Performance - Commercial segment revenue decreased by 14.3% to $1.162 billion, primarily due to lower production activity on Boeing programs [26]. - Defense & Space segment revenue increased by 4.1% to $261 million, driven by higher activity on the Boeing P-8 and Sikorsky CH-53K programs [26]. - Aftermarket segment revenue increased slightly to $99.2 million, although operating margin decreased due to sales mix [26][17]. Backlog and Deliveries - Spirit's backlog at the end of the first quarter of 2025 was approximately $48 billion, encompassing work packages on all commercial platforms for Airbus and Boeing [3]. - Total deliveries increased to 429 shipsets in the first quarter of 2025, up from 307 in the same period of 2024, with significant increases in Boeing 737 deliveries [26]. Strategic Developments - The company is in the process of a merger with Boeing, expected to close in the third quarter of 2025, subject to regulatory approvals and other conditions [13]. - Spirit has also entered into a definitive agreement with Airbus for the divestiture of certain assets for $439 million, expected to close concurrently with the Boeing acquisition [14].

Financial Data and Key Metrics Changes - SunPower reported $121.27 million in profit for Q1 2025, a significant increase from a loss of $5.9 million in the previous quarter [6][7] - The company achieved profitability and cash flow positivity in the quarter, marking a turnaround from the previous quarter's losses [6][7] - Non-GAAP profit for the quarter was reported at $121.27 million, compared to $81.1 million in the prior quarter, indicating a 49% increase [6][10] Business Line Data and Key Metrics Changes - The company has streamlined its operations post-merger, reducing headcount from 3,500 to 906, which has contributed to cost savings and improved profitability [11][12][17] - The focus on maintaining a lean workforce has resulted in an annualized savings of $1.6 million [16][17] - Revenue per employee is currently at $369,000, which is considered strong for the solar industry [23] Market Data and Key Metrics Changes - SunPower's market performance has been relatively stable compared to competitors, with the company slightly ahead of industry averages despite market challenges [65] - The company is positioned to benefit from a strategic partnership with Sundar, a sales firm that will support growth and increase sales capacity [58] Company Strategy and Development Direction - SunPower aims to enhance its technology edge by partnering with REC for panels and Enphase for inverters, focusing on innovation in solar technology [86][109] - The company is committed to maintaining strong financials through disciplined cost management and strategic acquisitions, while being cautious about integrating new companies [68][70] - The management emphasizes the importance of customer satisfaction and quality service as a core value to differentiate from competitors [101][104] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the current challenges in the solar market but believes that SunPower is better positioned than many competitors [65] - The company is entering a new phase in the renewable energy sector, with a focus on scaling up production and improving supply chain efficiencies [44][45] - The management is optimistic about the future, leveraging decades of industry experience to navigate complex challenges [45][56] Other Important Information - SunPower has strengthened its board by adding three directors with extensive public company experience, enhancing governance and strategic oversight [59][61] - The company has rebranded itself to reflect its new direction and vision, which includes a focus on technology and customer service [66][100] Q&A Session Summary Question: What is the company's strategy for future growth? - The company plans to focus on technology partnerships and maintaining a lean operational structure to drive profitability and growth [86][68] Question: How is SunPower addressing customer satisfaction? - SunPower is committed to improving customer service and quality, with management personally involved in addressing customer issues [101][104] Question: What are the expectations for market performance moving forward? - Management believes that SunPower is positioned to perform better than competitors in the current market environment, despite overall industry challenges [65]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - A safer approach involves investing in bargain stocks that exhibit recent price momentum [2] Group 2: Spirit Aerosystems (SPR) Analysis - Spirit Aerosystems (SPR) has shown a four-week price change of 5.1%, indicating growing investor interest [3] - Over the past 12 weeks, SPR's stock gained 4.7%, with a beta of 1.41, suggesting it moves 41% more than the market [4] - SPR has a Momentum Score of B, indicating a favorable time to invest [5] Group 3: Earnings Estimates and Valuation - SPR has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [6] - The stock is trading at a Price-to-Sales ratio of 0.67, suggesting it is undervalued at 67 cents for each dollar of sales [6] Group 4: Additional Investment Opportunities - Besides SPR, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen [7] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles [8]

Market Overview - US stock index futures are all down before the market opens, with Dow futures down 0.06%, S&P 500 futures down 0.12%, and Nasdaq futures down 0.07% [1] - Major European indices show positive performance, with Germany's DAX up 0.52%, UK's FTSE 100 up 0.11%, France's CAC40 up 0.72%, and the Euro Stoxx 50 up 0.50% [2][3] - WTI crude oil is down 0.33% at $62.81 per barrel, while Brent crude oil is down 0.36% at $65.56 per barrel [3][4] Economic Data and Corporate Earnings - The upcoming week is significant for economic data and corporate earnings, with the April non-farm payroll report and Q1 inflation data being key focuses [5] - 180 S&P 500 companies are set to report quarterly earnings, with major companies like Apple, Amazon, Coca-Cola, Eli Lilly, Meta, Microsoft, and Chevron in the spotlight [5] Corporate Actions - Spirit AeroSystems has reached an agreement with Airbus for the acquisition of certain assets, with Boeing repurchasing its previously divested business for $4.7 billion in stock [8] - Merck has announced a $3.9 billion acquisition of SpringWorks Therapeutics to enhance its oncology drug portfolio, with the deal valued at approximately $3.4 billion in enterprise value [9] - Amazon has seen prices of nearly 1,000 products rise by an average of 30% due to the impact of tariffs, affecting various categories from electronics to clothing [10] Earnings Forecast - Upcoming earnings reports include companies such as NXP Semiconductors, AstraZeneca, BP, Novartis, Deutsche Bank, HSBC, Coca-Cola, Pfizer, UPS, General Motors, Daqo New Energy, and JinkoSolar [11]