Key Takeaways ACN delivered 1Q26 EPS of $3.94 and revenues of $18.7B, beating estimates and growing y/y.Accenture saw managed services revenues rise 8% and total bookings climb 12%, led by strong demand.ACN reported margin expansion, solid free cash flow and returned cash via buybacks and dividends.Accenture plc (ACN) has reported impressive first-quarter fiscal 2026 results, wherein earnings and revenues surpassed the Zacks Consensus Estimates.ACN’s earnings were $3.94 per share, beating the Zacks Consensu ...

Group 1 - The core viewpoint indicates that traditional business is expected to improve marginally, and Jiumu's continued expansion is anticipated [1] - The company aims for a revenue growth of 4.8% year-on-year in 2025, with net profit attributable to the parent company expected to remain flat [2] - The company maintains its profit forecast and buy rating, with a target price of 33.80 yuan, corresponding to a 20 times P/E for 2026 [3] Group 2 - The company has implemented product quality improvements and introduced more functional and emotionally valuable products, collaborating with leading stores to enhance brand presence [1] - Revenue from writing tools, student stationery, and office supplies has seen a narrowing decline, with an expected improvement in Q4 2025 performance [1] - The company opened over 130 new Jianguo Life Stores, increasing total stores to 870, contributing to a 7% year-on-year revenue growth [1] Group 3 - For Q4 2025, the company anticipates a revenue growth of 13.3% year-on-year and a net profit growth of 19.9% [2] - The expected gross margin for 2025 is projected to decrease by 0.1 percentage points to 18.8%, while the sales expense ratio is expected to improve [2] - The company forecasts net profit margins to slightly decrease by 0.3 percentage points to 5.5% for the year [2] Group 4 - Revenue projections for 2025-2027 are set at 253.9 billion, 278.0 billion, and 301.7 billion yuan, respectively, with net profit expected to grow in subsequent years [3] - The company continues to target a price-to-earnings ratio of 20 times for 2026, indicating a potential upside of 23% from the current stock price [3]

Core Insights - Darden Restaurants reported strong sales growth driven by demand at Olive Garden and LongHorn Steakhouse [1][2] - The company raised its full-year revenue growth outlook for fiscal 2026 to 8.5% to 9.3% while maintaining its earnings projections [1] - Fiscal second-quarter net income increased to $237.2 million, or $2.03 per share, compared to $215.1 million, or $1.82 per share, a year earlier [2] Financial Performance - Excluding restaurant closure costs and acquisition-related expenses, the adjusted earnings per share were $2.08 [2] - Net sales rose by 7.3% to reach $3.1 billion [2] - The company's shares rose more than 4% in premarket trading following the earnings report [2]

| TSM 台积电 | | | | --- | --- | --- | | 276.960 ↓ -9.910 -3.45% | | 收盘价 12/17 15:59 美东 | | 280.640 + 3.680 +1.33% | | 盘前价 12/18 04:05 美东 | | 二 24 24 5 5 8 月 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 1 2 1 2 1 2 1 0 | | ● 快捷交易 | | 最高价 289.100 | 开盘价 288.525 | 成交量 1682.3万 | | 最低价 275.077 | 昨收价 286.870 | 成交额 46.87亿 | | 平均价 278.605 | | 市盈率TIM 28.86 总市值 1.44万亿 (m) | | 振 幅 4.89% | 市盈率(静) 39.17 | 总股本 51.87亿 | | 换手率 0.36% | 市净率 9.078 | 流通值 1.29万亿 | | 52周最高 313.173 委 比 66 ...

摩根士丹利上调台积电目标股价，认为其营收和利润率具有增长潜力，并建议投资者在2026年初之前增 持该股。目标价从1688元台币上调至1888元台币。预计台积电将在指引中显示2026年营收增长在20%中 段区间，最终实现同比增长30%；并预计公司在2025年第四季度毛利率将突破60%，2026年全年保持在 60%以上。 ...

Core Viewpoint - The company aims to enhance market expansion and achieve breakthroughs in core business and key customers, leading to revenue growth and profit improvement while rewarding shareholder support and trust [1] Group 1 - The company will strengthen market development efforts [1] - The focus is on achieving breakthroughs in core business and key customers [1] - The company is committed to revenue growth and profit enhancement [1]

Core Viewpoint - The company reported a revenue growth of approximately 29% in the first three quarters of the year compared to the same period last year, despite a fluctuation in the third quarter due to seasonal business rhythms affecting shipment volumes [2] Group 1: Financial Performance - Revenue growth for the first three quarters is about 29% year-on-year [2] - The third quarter experienced a decrease in shipment volumes due to objective factors related to some customers' seasonal business operations [2] Group 2: Strategic Focus - The company is closely monitoring its operational status and will continue to focus on its core business [2] - Plans are in place to optimize business layout and resource allocation while actively expanding market channels and improving operational efficiency [2] - The company aims to steadily improve its operational performance [2]

Core Insights - Daktronics (DAKT) reported second-quarter fiscal 2026 results with earnings of 35 cents per share, exceeding the Zacks Consensus Estimate by 29.63% and showing a year-over-year increase of 59.1% [1] - Revenues reached $229.3 million, a 10% increase year over year, surpassing the consensus mark by 9.09% [1] - Orders rose 12.1% year over year to $199.1 million, while product backlog increased 35.8% year over year to $320.6 million [1][8] Revenue Breakdown - Commercial revenues, accounting for 22.1% of total revenues, increased 16.8% year over year to $50.8 million [3] - Live Events revenues, making up 35.5% of total revenues, climbed 5.5% year over year to $81.5 million [3] - International revenues surged 64.2% year over year to $29.8 million, representing 13% of total revenues [3] - High School Park and Recreation revenues decreased 4.4% year over year to $46 million, while Transportation revenues fell 0.9% year over year to $21.3 million [3] Order Details - Commercial segment orders declined 5.1% year over year to $42.3 million [4] - High School Park and Recreation orders fell 0.4% year over year to $35.7 million [4] - Live Events orders increased significantly by 26.5% year over year to $89.2 million, bolstered by large orders from MLB and MLS stadiums [4] - Transportation orders rose 15.2% year over year to $14.1 million, driven by airport and Intelligent Transportation Systems projects [5] - International orders increased 23.6% year over year to $17.9 million, with notable projects in the Middle East, UK, and Ireland [5] Operating Highlights - Gross margin for the quarter was 27%, expanding by 20 basis points year over year [6] - Total operating expenses were $40.3 million, a slight increase of 0.4% year over year, primarily due to higher selling expenses [6] - Non-GAAP operating income rose 12.8% year over year to $21.6 million [6] Financial Position - As of October 31, 2025, Daktronics had cash and cash equivalents of $149.6 million [7] - Free cash flow was reported at $36.1 million, down from $52.5 million in the same quarter last year [7] Future Outlook - Daktronics anticipates year-over-year revenue growth for the third quarter of fiscal 2026, despite the seasonally slower holiday period [9] - The company aims for an operating margin of 10-12% and a return on invested capital target of 17-20% by fiscal 2028 [9] - Daktronics is expanding manufacturing capacity in Mexico and Ireland to enhance operational flexibility [9]

Core Viewpoint - Oracle's Q2 FY2026 performance fell short of analyst expectations, with total revenue of $16.1 billion and cloud revenue of $8 billion, both below forecasts [1] Financial Performance - Q2 remaining performance obligations increased by 438% year-over-year to $523 billion [1] - Q2 capital expenditures were $12 billion, with an expected total capital expenditure of approximately $50 billion for FY2026, an increase of about $15 billion from previous estimates [1] Debt Situation - Oracle has accumulated significant debt, recently issuing approximately $18 billion in new bonds, with total outstanding debt exceeding $100 billion, making it the largest in debt among investment-grade tech companies [1] Future Outlook - Oracle anticipates Q3 revenue growth of 19% to 21%, with cloud business growth projected at 40% to 44%, and reaffirms annual revenue target of $67 billion [1]

Core Insights - Hewlett Packard Enterprise (HPE) stock fell over 8% in pre-market trading despite reporting better-than-expected results for Q4 fiscal 2025, with non-GAAP earnings of 62 cents per share, surpassing the Zacks Consensus Estimate by 5.1% and increasing 6.3% year over year [1] - HPE's revenues grew 14.4% year over year to $9.68 billion but missed the Zacks Consensus Estimate by 2.63%, driven primarily by the networking business [1] Segment Performance - The Server segment generated $4.5 billion in revenues, down 5% year over year due to delays in AI server shipments and reduced U.S. federal spending, with an operating profit margin of 9.8%, down 180 basis points from the previous year [3] - Networking revenues reached $2.8 billion, up 150% year over year, largely due to the addition of Juniper Networks, although the operating profit margin decreased to 23%, down 140 basis points [4] - The Hybrid Cloud division reported $1.4 billion in revenues, down 12% year over year, as HPE focused on higher-margin solutions, resulting in an operating profit margin of 5%, down from 7.8% [5] - The Financial Services segment recorded $889 million in revenues, flat year over year, with an operating margin of 11.5%, up 230 basis points [6] Operating Results - HPE's non-GAAP gross profit for Q4 fiscal 2025 was $3.52 billion, with a non-GAAP gross margin of 36.4%, up 550 basis points year over year [7] - The non-GAAP operating profit was $1.18 billion, with an operating margin of 12.2%, up 110 basis points from the previous year [7] Balance Sheet and Cash Flow - HPE ended Q4 with $5.77 billion in cash and cash equivalents, up from $4.57 billion in the previous quarter [8] - The company generated $2.5 billion in cash from operating activities and produced $1.9 billion in free cash flow, both significantly higher than the prior year [8] Shareholder Returns - HPE returned $271 million to shareholders in Q4 through dividends and share repurchases, totaling $886 million for the full fiscal 2025 [9] Guidance for FY26 and Q1 - For Q1 fiscal 2026, HPE expects revenues between $9 billion and $9.4 billion, with a Zacks Consensus Estimate of 54 cents per share, indicating 10.2% year-over-year growth [12] - For full-year fiscal 2026, HPE forecasts revenue growth of 17-22% and projects non-GAAP diluted EPS of $2.25-$2.45, with a Zacks Consensus Estimate of $2.31 per share, indicating 21.5% year-over-year growth [14]