McClymont also emphasized growing interest in humanoid robotics, saying the market is moving from labs to industrial and real-life applications. He said indie’s radar, vision, and interface technologies “align perfectly” with humanoid sensing requirements, adding that the company is already seeing adoption of its solutions by industry leaders in the U.S. and China. As examples, he said indie’s vision products have been deployed by Figure AI and Unitree.CEO and co-founder Don McClymont said the automotive ma ...

indie Semiconductor (NasdaqCM:INDI) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Company ParticipantsAshish Gupta - Investor RelationsDon McClymont - CEO and Co-FounderNaixi Wu - CFOConference Call ParticipantsAnthony Stoss - Senior AnalystCody Acree - Senior Semiconductor Financial AnalystCraig Ellis - Director of Research, Senior Semiconductor and Capital Equipment AnalystSuji De Silva - Managing Director, Senior Research AnalystNone - AnalystOperatorGood afternoon, and welcome to indie Semiconduct ...

indie Semiconductor (NasdaqCM:INDI) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Company ParticipantsAshish Gupta - Investor RelationsDon McClymont - CEO and Co-FounderNaixi Wu - CFOConference Call ParticipantsAnthony Stoss - Senior AnalystCody Acree - Senior Semiconductor Financial AnalystCraig Ellis - Director of Research, Senior Semiconductor and Capital Equipment AnalystSuji De Silva - Managing Director, Senior Research AnalystNone - AnalystOperatorGood afternoon, and welcome to indie Semiconduct ...

indie Semiconductor (NasdaqCM:INDI) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Speaker6Good afternoon, and welcome to indie Semiconductor's fourth quarter 2025 earnings call. Currently, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. As a reminder, this conference call is being recorded. I will now turn the call over to Ashish Gupta, Investor Relations. Mr. Gupta, please go ahead.Speaker1Thank you, operator. Good afternoon, and welcome ...

After a year-long pilot project, Toyota’s Canadian manufacturing subsidiary has hired seven humanoid robots to work in a plant building RAV4 SUVs under a robots-as-a-service deal.“After evaluating a number of robots, we are excited to deploy Digit to improve the team member experience and further increase operational efficiency in our manufacturing facilities,” Toyota Motor Manufacturing Canada President Tim Hollander said in a statement. The Digit robot in question is built by Agility Robotics, a firm spu ...

Core Viewpoint - Onconetix, Inc. is acquiring Realbotix LLC in an all-stock transaction, aiming to enhance shareholder value through the integration of Realbotix's advanced humanoid robotics technology [1][4]. Company Overview - Onconetix, Inc. is a biotechnology company focused on oncology solutions, including the Proclarix® diagnostic test for prostate cancer [8]. - Realbotix LLC specializes in AI-powered humanoid robotics, designed for customer-facing roles across various industries such as healthcare, education, hospitality, and entertainment [2][9]. Transaction Details - The share exchange agreement allows Onconetix to acquire 100% of Realbotix's equity interests, with Realbotix Parent expected to hold between 75% and 90% of the combined company's shares post-transaction [4][5]. - The transaction has been unanimously approved by the boards of both companies and is subject to customary closing conditions, including shareholder approval and regulatory clearances [5]. Technological Advancements - Realbotix is recognized for its patented technologies that enable lifelike expressions and social interactions, allowing its robots to operate autonomously without human teleoperation [3]. - The robots are equipped with advanced vision systems capable of interpreting emotional visual cues and situations, enhancing their functionality in public venues [3]. Strategic Importance - The merger is viewed as a strategic move to unlock significant value for shareholders and to position the combined entity for future growth in the humanoid robotics market [4]. - Andrew J. Oakley, Chairman of Onconetix, expressed excitement about the potential to change the company's strategic direction through this acquisition [3].

Core Insights - GXO Logistics reported record fourth-quarter and full-year results for 2025, with a strong emphasis on accelerating organic growth and expanding profitability in 2026 [4][3] Financial Performance - In Q4 2025, GXO generated $163 million of free cash flow and achieved a targeted adjusted EBITDA-to-free-cash-flow conversion for the full year [1] - Full-year revenue increased by 12.5%, with adjusted EBITDA growing by 8% [2] - Adjusted diluted EPS for 2025 was $2.51, with adjusted net income of $292 million [2] - Q4 revenue rose by 7.9% year over year, with net income of $43 million and adjusted net income of $101 million [2] Business Growth and Strategy - The company secured $1.1 billion in new business wins for 2025, with $774 million of incremental revenue already secured for 2026 [5][9] - The sales pipeline exiting 2025 was reported at $2.3 billion, which has since grown to $2.5 billion [9] - GXO plans to scale its GXO IQ technology to over 50 sites and target nearly 20,000 robots by the end of 2026 [5][15] 2026 Guidance - For 2026, GXO is guiding for 4-5% organic revenue growth, adjusted EBITDA of $930-970 million, and adjusted diluted EPS of $2.85-3.15 [6][25] - The company expects an adjusted EBITDA-to-free-cash-flow conversion of 30-40% [25] Leadership and Operational Changes - New leadership appointments have been made to standardize operations globally and enhance commercial execution [4][11] - The company aims to improve operational performance and labor productivity, particularly in North America, which is identified as a priority for organic growth [13] Technology and Automation Initiatives - GXO is focusing on automation and AI as key differentiators, with plans to accelerate these initiatives in 2026 [14] - The company has begun pilots of its AI-powered warehouse operating system, GXO IQ, which is expected to scale across more than 50 sites in 2026 [15][16] Integration and Synergies - The integration of Wincanton is progressing well, with expectations to deliver $60 million in run-rate cost synergies by the end of 2026 [17] - Integration benefits totaling about $15 million were realized by the end of 2025 [17]

Financial Data and Key Metrics Changes - Q4 2025 revenues were $80.6 million, up 11% year-over-year and 1% sequentially, marking solid execution across the portfolio [2][3] - Adjusted gross margin for Q4 was 37%, down from 40.5% in Q3, impacted by $3 million in headwinds [15][17] - GAAP net loss was $1.9 million, or $0.14 per diluted share, while adjusted diluted EPS was $0.07 [16][17] - Adjusted EBITDA was $6 million, or 7.5% of revenue, compared to $9.2 million or 11.5% of revenue in Q3 [17] Business Line Data and Key Metrics Changes - **Sensors Segment**: Q4 revenue declined 4% sequentially but was up 18% year-over-year; bookings rose 4% sequentially, resulting in a book-to-bill of 1.15 [4][5] - **Weighing Solutions Segment**: Q4 sales increased modestly from Q3 and grew 7.8% from the prior year; orders were up 14.9% sequentially, resulting in a book-to-bill of 1.02 [7][8] - **Measurement Systems Segment**: Q4 revenue was $22.4 million, up 9% sequentially and 6% year-over-year; however, orders declined 16% from Q3, resulting in a book-to-bill of 0.81 [9] Market Data and Key Metrics Changes - Total Sensors orders were up 18% in the second half of 2025 compared to the first half, with backlog at the highest level since Q3 2023 [5][6] - Weighing Solutions showed strength in precision agriculture, medical, construction, and e-bike applications, while transportation orders increased for onboard weighing systems [8] Company Strategy and Development Direction - The company is focusing on accelerating growth through the creation of two new senior executive positions: the Office of the Chief Business and Product Officer and the Office of Chief Operating Officer [10][11] - Aiming for a mid- to high-single-digit revenue growth in 2026, with a target of $45 million from business development initiatives, representing a 20% increase from 2025 [14][39] - Emphasis on Physical AI technologies and humanoid robotics as key growth areas, with expectations for continued momentum in 2026 [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding recovery in the marketplace, particularly in the Sensors and Weighing Solutions segments, despite softness in the steel market [21][22] - Anticipated improved gross margins in Q1 2026, with no lingering impacts from unusual headwinds identified in Q4 [23][27] - The company is prepared to support customer production demands in the humanoid robotics market, which is expected to see significant developments in 2026 [6][7] Other Important Information - The company generated adjusted free cash flow of $1.3 million in Q4, down from $7.4 million in Q3 [17] - As of the end of Q4, the cash position was $87.4 million, with long-term debt of $20.6 million, resulting in a net cash position of $66.8 million [18] Q&A Session Summary Question: Revenue guidance and its bias towards the sensor segment - Management is optimistic about recovery signs in the marketplace, particularly in Sensors, and expects higher revenues in the second half of the year [21][22] Question: Gross margin impact and lingering effects - Management identified a $3 million unusual effect in Q4, which is not expected to persist into Q1, leading to improved gross margins [23][27] Question: Organizational changes and financial targets - The new organizational structure aims to standardize processes and improve operational efficiency, with expected cost savings of $6 million in 2026 [36][39] Question: Details on new humanoid development customer - The new customer is smaller and still in the design stage, with no clear timeline for ramp-up, but the company is prepared to support them [40][41] Question: Discussions with other humanoid developers - The company is in dialogue with multiple humanoid manufacturers and hopes to report prototype orders from them in the future [42]

Core Viewpoint - Tesla is undergoing a significant transition from being primarily an electric vehicle (EV) company to focusing on robotics and autonomous vehicles (AVs), which presents both opportunities and risks for shareholders [1][3]. Tesla's Transition and Financial Performance - The potential market for AVs is projected to reach $1.4 trillion by 2040, while humanoid robotics could be valued at $5 trillion by 2050, with Tesla actively pursuing these markets [3]. - Tesla's core EV business is experiencing a slowdown, with a decline in sales during the fourth quarter and a first-time annual revenue drop to $94.8 billion [4]. - Operating expenses increased by 39% in the last quarter, amounting to $3.6 billion, and net income fell by 60% to $0.24 per share [4]. - The company anticipates capital expenditures of at least $20 billion this year to support its transition to robotics and AVs [5]. - Tesla's shares have a trailing price-to-earnings (P/E) ratio of 390, significantly higher than the tech sector average of 42, indicating that the stock is expensive during this transition period [5]. Comparison with AI Stocks - AI stocks, particularly Micron Technology and Taiwan Semiconductor Manufacturing Co. (TSMC), are highlighted as better investment options due to their strong market positions and demand for AI infrastructure [2][6]. - TSMC holds approximately 70% of the processor manufacturing market and produces advanced AI chips, while Micron specializes in memory chips essential for AI data centers [6]. - The current shortage of memory chips is described as unprecedented, indicating strong demand for Micron's products [6].

Ac t i o n | 29 Jan 2026 12:25:37 ET │ 18 pages JL MAG (300748.SZ/6680.HK) Rerating on Rare Earth Upcycle and Improving Long-term Demand Visibility; Upgrade JL Mag-A to Buy CITI'S TAKE We upgrade JL Mag-A to Buy (from Neutral) and raise our target price to Rmb48/Hkd35 for A/H shares, applying 38.2x P/E for A-sh and 25.9x for H- sh, historical averages since listed. We believe the company is entering a more favorable earnings phase driven by the upcycle in rare-earth prices, stable export operations, and imp ...