The latest financial results show why the optimism is strong. In the third quarter of 2025, revenue grew 63% from last year and 18% from the previous quarter, hitting $1.18 billion. U.S. revenue was up 77 percent YoY, driven by a 121% jump in U.S. commercial sales to $397 million and a 52% increase in government contracts to $486 million.Palantir’s forward price-to-earnings ratio is now 462.68x, far above the sector average of 25.65x, showing that investors are willing to pay a big premium for the company’s ...

Financial Data and Key Metrics Changes - The company reported consolidated revenue of $18.8 million for Q3 2025, a 36.9% increase year-over-year from $13.7 million in Q3 2024 [15][16] - The OSS segment revenue increased by 43.4%, contributing approximately $2.8 million to the overall revenue growth [15][16] - Consolidated gross margin improved to 35.7%, up from 32% in the prior year when excluding a $6.1 million inventory charge [17] - GAAP net income for Q3 2025 was $0.3 million, compared to a net loss of $6.8 million in the prior quarter [18][19] - Non-GAAP net income was $0.7 million, a significant improvement from a non-GAAP net loss of $6.4 million in Q3 2024 [19] Business Line Data and Key Metrics Changes - The OSS segment achieved a gross margin of 45.6%, up from an adjusted 43.2% in the same period last year, driven by a more profitable product mix [17] - The Brezhnev segment reported a gross margin of 26%, reflecting a 400 basis point increase due to a favorable product mix [18] Market Data and Key Metrics Changes - The company noted strong demand in both defense and commercial markets, with a book-to-bill ratio of 1.4 for the OSS segment [4] - The Brezhnev segment experienced growth of $2.3 million in Q3, with $600,000 attributed to foreign exchange effects [34] Company Strategy and Development Direction - The company is focused on leveraging high-performance edge compute solutions to meet growing demands in AI, machine learning, and sensor fusion [4][9] - A multi-year strategic plan has been launched, with increased R&D investments to capitalize on emerging opportunities [9][10] - The company plans to broaden its commercial product lineup with new Gen 6 systems aimed at enhancing processing capability [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth and strong profitability for the remainder of 2025 and into 2026, supported by a solid backlog of orders [3][14] - The ongoing government shutdown is expected to impact the timing of near-term bookings but is viewed as a timing issue rather than a demand issue [8][25] - The company raised its full-year 2025 revenue guidance to $63 million-$65 million, up from $59 million-$61 million [21][14] Other Important Information - The company raised approximately $12.5 million in gross proceeds through a registered direct offering, enhancing its financial position [12][20] - The company has recognized lifetime contracted revenue of over $50 million on the P-8 Poseidon reconnaissance aircraft [5] Q&A Session Summary Question: How should investors think about the seasonality going forward for core OSS in light of strong bookings execution and the government shutdown? - Management indicated a consistent pattern of higher revenues in the second half of the year, with expectations for a moderated ramp compared to 2025 [24][25] Question: Can you update us on the data center market opportunity and the Army's situational awareness technology procurement evaluation? - The company is evaluating its Ponto product in data center markets and noted that testing for the Army's situational awareness technology continues, albeit delayed due to the government shutdown [26][28] Question: What was behind the strong performance of the Brezhnev segment? - The Brezhnev segment's growth was attributed to recovery in industrial end markets and favorable foreign exchange effects [34] Question: How is the cash from the recent offering being deployed? - The cash raised is being used to support working capital needs and is expected to facilitate positive cash flow in Q4 [38][39] Question: Is the core OSS business expected to be EBITDA positive for the year? - Management expressed confidence that the core OSS segment could achieve positive EBITDA in 2026, supported by a strong pipeline and growth expectations [46][47]

Core Insights - The company is experiencing strong growth in both defense and commercial sectors, with a significant increase in revenue and positive operating leverage [4][14][16] - A robust pipeline and strategic actions taken in 2023 and 2024 are expected to drive continued growth and profitability into 2026 [3][13][21] Financial Performance - Consolidated revenue for Q3 2025 reached $18.8 million, a 36.9% increase year-over-year, driven by higher revenues in both One Stop Systems, Inc. and Bresner segments [16][14] - Gross margin improved to 35.7% in Q3 2025, up from 32% in the prior year, with One Stop Systems, Inc. segment gross margin at 45.6% [16][17] - The company reported a GAAP net income of $300,000 or $0.01 per diluted share, compared to a net loss of $6.8 million in the prior year [18][19] Strategic Developments - The company has strengthened its leadership team and launched a multiyear strategic plan to enhance its market position [3][4] - Increased R&D investments are being made to capitalize on emerging opportunities in AI, machine learning, and sensor fusion [8][12] Market Opportunities - The company is expanding its relationships with key customers in both defense and commercial markets, including a notable partnership in medical imaging valued at over $25 million [5][6] - There is a growing demand for high-performance compute solutions in the commercial aerospace sector, with an expected contribution of approximately $6 million in revenue over the next three years [6][8] Future Outlook - The company raised its full-year 2025 revenue guidance to a range of $63 million to $65 million, reflecting stronger-than-expected bookings [13][20] - The One Stop Systems, Inc. segment is expected to achieve revenue growth of 22% to 30% in 2025, with positive EBITDA anticipated [21][42]

Industry Overview - The Technology Services industry has experienced significant growth since the pandemic, driven by the rapid adoption of remote work and advancements in technology such as 5G, blockchain, AI, and ML [1] - The industry includes companies that produce, develop, and design software support, data processing, computing hardware, and communications equipment, catering to both consumer and business markets [2] Future Prospects - The demand for services in the industry remains healthy, with revenues and cash flows expected to return to pre-pandemic levels, supporting stable dividends for most players [3] - The sector benefits from broader economic recovery, with GDP growing at an annual rate of 3.8% in Q2 2025 and a Services PMI remaining above 50% for 11 of the past 13 months [4] Technological Advancements - The global shift towards digitization presents opportunities in markets such as 5G, blockchain, and AI, with the GenAI market projected to reach $59 billion by 2025 and a CAGR of 37.6% from 2025 to 2031 [5] Market Performance - The Zacks Technology Services industry ranks 94, placing it in the top 39% of over 243 Zacks industries, indicating strong near-term prospects [6][7] - Over the past year, the industry has outperformed the broader Zacks Business Services sector, increasing by 53% compared to a 7.5% decline in the sector and a 17.9% rise in the S&P 500 [8] Current Valuation - The industry is currently trading at an EV-to-EBITDA ratio of 17.19X, compared to the S&P 500's 18.33X and the sector's 10.49X, with a five-year trading range of 8.85X to 17.19X [11] Company Highlights Futu Holdings - Futu Holdings, a digital securities brokerage, reported a 69.7% year-over-year revenue increase in Q2 2025, with a significant operating margin expansion [16] - The company added 262,000 funded accounts, reaching a total of 2.7 million, with a 42% year-over-year growth in funded accounts [17] - Futu Holdings has a Zacks Rank 1 (Strong Buy), with earnings expected to grow 74.7% year-over-year in 2025 [18] Dave - Dave, a financial services platform, added 843,000 members, resulting in a 60% year-over-year revenue increase in Q3 2025 [19] - The company raised its full-year revenue guidance to $544-$547 million, up from $505-$515 million [21] - Dave holds a Zacks Rank 1, with earnings expected to soar 98.5% year-over-year in 2025 [22] Coherent Corp. - Coherent Corp. experienced a 16.4% year-over-year revenue growth in Q4 2025, driven by demand for 800G transceivers [23] - The company introduced a new 1.6T transceiver, contributing to improved profitability with a non-GAAP gross margin increase of 290 basis points [24] - Coherent has a Zacks Rank 2 (Buy), with earnings expected to rise 30% year-over-year in fiscal 2026 [25]

Core Insights - One Stop Systems, Inc. reported a consolidated revenue increase of 37% year-over-year to $18.8 million for the third quarter of 2025, driven by strong performance in both OSS and Bressner segments [1][4] - The company raised its full-year consolidated revenue guidance for 2025 to a range of $63 million to $65 million, up from the previous guidance of $59 million to $61 million [3][17] Financial Performance - OSS segment revenue increased by 43.4% to $9.3 million, with a gross margin of 45.6% for the third quarter of 2025 [1][5] - Bressner segment revenue rose by 31.1% compared to the same period in 2024, attributed to higher demand across multiple industrial end markets [6] - Consolidated gross margin improved to 35.7% for the third quarter of 2025, compared to (12.5)% in the prior year, significantly impacted by a previous inventory charge [7] - The company reported a net income of $0.3 million, or $0.01 per share, compared to a net loss of $6.8 million, or $(0.32) per share, in the prior year [9][10] Strategic Initiatives - The company has focused on strengthening its sales pipeline, investing in R&D, and pursuing platform opportunities to create a more predictable and scalable business model since its repositioning in 2023 [2] - A registered direct offering completed post-third quarter raised approximately $12.5 million in gross proceeds, enhancing the company's financial position [11] Market Outlook - The company aims to capitalize on favorable demand across commercial and defense markets, with expectations of achieving positive annual EBITDA for 2025 [3][18] - The strategic plan targets integrated solutions within the OSS segment, aiming to establish the company as a platform incumbent on large, multi-year programs [16]

RT Sundar Pichai (@sundarpichai)Our TPUs are headed to space!Inspired by our history of moonshots, from quantum computing to autonomous driving, Project Suncatcher is exploring how we could one day build scalable ML compute systems in space, harnessing more of the sun’s power (which emits more power than 100 trillion times humanity’s total electricity production).Like any moonshot, it’s going to require us to solve a lot of complex engineering challenges. Early research shows our Trillium-generation TPUs (o ...

We're getting excited for @NeurIPSConf 2025 in San Diego!We’ll be there meeting brilliant ML Engineers, ML Research Engineers, and ML Research Scientists, from Tuesday, December 2 to Sunday, December 7, 2025.Head to the comments and apply to interview with us at the event. We’ll see you there! ...

Core Insights - Cloud computing is driving innovation and digital transformation across various industries, enabling on-demand access to computing resources and facilitating seamless customer engagement at lower costs [2][4][6] Industry Overview - The global cloud computing market is projected to grow from $752.4 billion in 2024 to $2,390.2 billion by 2030, reflecting a compound annual growth rate (CAGR) of 20.4% [6] - Cloud computing services are categorized into four main types: IaaS, PaaS, serverless, and SaaS, each offering different levels of control and flexibility [5] Company Insights - **Microsoft**: - Microsoft Azure is a leading cloud platform that provides a wide range of IaaS and PaaS solutions, enhancing its competitive position with increased global availability [9][10] - The company is heavily investing in AI-powered cloud services, integrating advanced technologies to improve application management [12] - **Alphabet (Google)**: - Google Cloud has become a significant growth driver for Alphabet, expanding its cloud service offerings and infrastructure globally [13][14] - The company is focusing on generative AI capabilities and significant investments in cloud computing to enhance its market position [15] - **Amazon**: - Amazon Web Services (AWS) is a leading player in the cloud computing market, known for its extensive service offerings and high-margin business model [16][17] - AWS aims to enhance its AI and ML capabilities while expanding its global infrastructure for improved service delivery [18] - **IBM**: - IBM has strengthened its position in the hybrid cloud market through strategic acquisitions, including Red Hat, which enhances its cloud and data platform offerings [19][20] - The company is expected to benefit from the growing demand for hybrid cloud and AI solutions, driving growth in its Software and Consulting segments [21]

Currency Markets - The Singapore Dollar (SGD) has depreciated to 1.307 against the U.S. Dollar (USD), marking its weakest level since May 12, indicating broader currency volatility [2][8] - Japanese Finance Minister Katayama is monitoring foreign exchange movements with urgency, highlighting concerns over rapid currency fluctuations and the need for stability [3][8] - The Bank of Japan (BOJ) is maintaining a cautious approach to interest rate hikes, influenced by the need to assess economic trends amid potential U.S. tariffs and a government shutdown [3][8] Geopolitical Developments - An explosion at a petrochemical facility in Russia's Bashkortostan region resulted in a partial workshop collapse, raising safety concerns in the context of ongoing geopolitical tensions [4][8] - A meeting between Chinese President Xi Jinping and Russian Prime Minister Mikhail Mishustin focused on enhancing economic, industrial, and technological cooperation, aiming to strengthen the China-Russia strategic partnership [5][8] Healthcare Sector - Johnson & Johnson (JNJ) CEO Joaquin Duato anticipates significant advancements in healthcare technology over the next decade, driven by a deeper understanding of disease biology and advancements in AI and machine learning [6][8] - Duato envisions a "golden era of medical innovation," leveraging data science solutions to deliver transformative medical technologies and medicines globally [6][8]

[Music] Hi everybody. My name is Dr. . McKenzie Bolan and I am a very proud neuroscientist.My credentials include a pretty cool PhD in biomedical sciences and having spent a substantial amount of time interacting with the US medical system following a head trauma. Now, that's where my curiosity in the brain really began. I got to share my experience as a long-term patient on the TED stage a few years ago, and I encourage my fellow neuron nerds in the audience to go check that out.However, today we're going ...