Core Insights - Nvidia's stock fell over 4% despite strong Q4 earnings and a positive Q1 outlook, reflecting broader market anxiety regarding the AI sector [1][8] - The company reported Q4 earnings per share (EPS) of $1.62 on revenue of $68.1 billion, surpassing Wall Street's expectations of EPS of $1.53 on revenue of $65.8 billion [1][2] Financial Performance - Nvidia provided Q1 revenue guidance between $76.44 billion and $79.56 billion, exceeding Wall Street's estimate of $72.8 billion [2] - The data center segment was the primary growth driver, generating $62.3 billion, which was above analysts' projections of $60.2 billion [2][3] - Hyperscaler revenue accounted for slightly over 50% of Data Center revenue, with a year-over-year growth of 58% in compute revenue and a significant 263% increase in networking revenue to $11 billion [3] Strategic Developments - Nvidia is set to host its GTC 2026 event in San Jose, California, where major product announcements are anticipated [4] - The company recently expanded its agreement with Meta, involving a multiyear deal for Blackwell and Rubin AI processors, as well as the deployment of Grace CPU servers [5] Market Context - Nvidia's stock has increased just over 5% since the beginning of the year, outperforming competitors like AMD and Broadcom, while Intel has seen a nearly 27% increase [6] - The market debate centers around the future growth of the AI sector, with differing opinions on whether the industry is in its early stages or nearing maturity [8][9]

Gray Media (NYSE:GTN) Q4 2025 Earnings call February 26, 2026 11:00 AM ET Company ParticipantsAlan Gould - VP, of Investor RelationsHilton Howell - Chairman and CEOJeff Gignac - CFOKevin Latek - EVP, Chief Legal and Development OfficerPat LaPlatney - President and Co-CEOSandy Breland - EVP and COOConference Call ParticipantsAaron Watts - Equity Research AnalystCraig Huber - Equity Research AnalystDan Kurnos - Senior Research AnalystSteven Cahall - Equity Research AnalystOperatorGood day, everyone, and thank ...

Kodiak Gas Services (NYSE:KGS) Q4 2025 Earnings call February 26, 2026 11:00 AM ET Company ParticipantsDoug Irwin - Managing DirectorEli Jossen - VP of Equity ResearchGraham Sones - VP of Investor RelationsJohn Griggs - EVP and CFOJohn Mackay - VP in Equity ResearchMickey McKee - President and CEONate Pendleton - VP of Sales and TradingConference Call ParticipantsJim Rollyson - Director and Equity Research AnalystNeal Dingmann - Equity Research Analyst in Energy and Power TechnologiesSelman Akyol - Managing ...

Kodiak Gas Services (NYSE:KGS) Q4 2025 Earnings call February 26, 2026 11:00 AM ET Company ParticipantsDoug Irwin - VPEli Jossen - VP in Equity ResearchGraham Sones - VP of Investor RelationsJohn Griggs - EVP and CFOJohn Mackay - VP in Equity ResearchMickey McKee - President and CEONate Pendleton - VPConference Call ParticipantsJim Rollyson - Director and Equity Research AnalystNeal Dingmann - Equity Research Analyst in Energy and Power TechnologiesSelman Akyol - Managing Director and Senior Equity AnalystO ...

Level AI Announces Major AI Virtual Agent Expansion: Delivering Human-Quality AI for Every Interaction [Accessibility Statement] Skip NavigationMOUNTAIN VIEW, Calif., Feb. 26, 2026 /PRNewswire/ -- Level AI, a leader in customer experience AI, is significantly expanding its full-stack agentic CX platform, redefining the standard for customer experience by moving beyond the limitations of the "siloed" virtual agent. Recognizing that isolated automation of customer issue resolution fails to address complex ent ...

Gray Media (NYSE:GTN) Q4 2025 Earnings call February 26, 2026 11:00 AM ET Company ParticipantsAlan Gould - VP, of Investor RelationsHilton Howell - Chairman and CEOJeff Gignac - CFOKevin Latek - EVP, Chief Legal and Development OfficerPat LaPlatney - President and Co-CEOSandy Breland - EVP and COOConference Call ParticipantsAaron Watts - Equity Research AnalystCraig Huber - Equity Research AnalystDan Kurnos - Senior Research AnalystSteven Cahall - Equity Research AnalystOperatorGood day, everyone, and thank ...

Financial Performance - For Q4 2025, the company reported a net income of $65.2 million and an adjusted net income of $74.5 million, translating to an adjusted EPS of $0.16 [4] - Adjusted EBITDA was $126.4 million, indicating strong cash generation capacity [4] - The company repurchased 1.2 million shares for $22.7 million during Q4, with a total of approximately 1.9 million shares repurchased year-to-date for $37.9 million [4][5] - A dividend of $0.37 per share was declared for Q4, payable on March 19, 2026 [5] Capital Allocation and Financial Position - Total cash and cash equivalents stood at approximately $459 million, with outstanding debt around $1 billion [5] - The company has an undrawn revolving credit capacity of $110 million and 27 debt-free vessels valued at approximately $630 million [5] - The company plans to distribute 100% of its free cash flow while maintaining a minimum cash balance of $2.1 million per vessel and a minimum quarterly dividend of $0.05 per share [6][7] Operational Performance - Daily operating expenses for Q4 were $5,045 per vessel, with net cash G&A at $1,399 per vessel, both among the lowest in the peer group [14] - The fleet consists of 141 vessels with an average age of approximately 12.1 years, and the company continues to optimize its fleet through selective disposals [16][17] Market and Industry Outlook - The dry bulk trade grew by 1.3% in volume and 2.1% in ton-miles during 2025, driven by strong exports from Brazil and a recovery in iron ore and coal volumes [25] - For 2026, dry bulk demand is projected to grow by 0.6% in tons and 1.9% in ton-miles, supported by a favorable supply backdrop and easing trade tensions [27] - The company anticipates that stricter environmental regulations will continue to support slow steaming and help constrain effective supply [24] Management Commentary - Management expressed confidence in the company's cash flow visibility and commitment to maintaining a competitive capital return profile [8] - The company remains focused on managing its ECO-rated fleet to capitalize on market opportunities and deliver shareholder value [32] Q&A Session Summary Question: Inquiry about underlying demand and ton-mile expansion in the iron ore market - Management noted that besides bauxite and iron ore, strong trade in grains is expected to increase ton-miles due to exports from Brazil [36] Question: Follow-up on congestion in West Africa and infrastructure projects - Management acknowledged short-term congestion increases but expects gradual alleviation as infrastructure improves over the coming years [39] Question: Details on capital return policy and dividend payout - Management indicated that stronger share performance incentivizes dividend payments over share repurchases [43]

Core Insights - Super Micro Computer (SMCI) aims to achieve $40 billion in revenue by 2026, positioning itself as a leader in the AI server market despite facing significant challenges [1]. Group 1: Company Overview - SMCI is recognized as one of the global leaders in the AI server segment, indicating its strong market presence and technological capabilities [1]. Group 2: Financial Goals - The company has set an ambitious revenue target of $40 billion by 2026, reflecting its growth aspirations and confidence in the AI market [1].

Core Viewpoint - Dell is set to report earnings, with analysts expecting adjusted EPS of $3.54 and revenue of nearly $32 billion for the quarter, while shares have declined over 25% from their 52-week high [1][3]. Business Segments - Dell's business is divided into two main parts: the infrastructure segment, which is experiencing strong demand for AI servers and has a growing backlog, and the PC segment, which is facing challenges due to rising costs for data storage and memory [3][5]. - The infrastructure business is performing well, particularly due to partnerships with Nvidia, which target customers in the AI server space [3][9]. Cost Challenges - The cost of memory is expected to double sequentially, significantly impacting the bill of materials for PC production, which poses a challenge for Dell and other PC manufacturers [6][4]. - Dell will need to work closely with suppliers and implement cost-cutting measures to mitigate these challenges, while also considering price adjustments [5][6]. Market Position - Dell is the third-largest PC maker globally and the second-largest in the U.S., but it faces competition from other major players like Lenovo and HP, who are also dealing with increased costs [3][4]. - Despite the challenges in the PC market, Dell's integrated offerings in AI servers and storage solutions position it well for future growth [8][9]. Investment Outlook - Analysts maintain a buy rating on Dell with a price target of $200, citing the company's strong infrastructure business as a buffer against the downturn in the PC segment [7][8]. - The stock is currently trading at a lower price-to-earnings ratio compared to historical averages, suggesting potential for recovery as the company navigates its challenges [11].

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 was $792 million, exceeding the high end of guidance [6] - Total operating expenses were $618 million, $5 million below the low end of guidance [6] - Net loss attributable to common stockholders was $23 million in Q4 2025 [7] - Adjusted EBITDA for Q4 2025 was $179 million [7] - Net Retransmission Revenue stabilized at $547 million for the full year 2025, similar to 2024 [8] Business Line Data and Key Metrics Changes - Broadcasting expenses declined by $41 million in Q4 2025 compared to Q4 2024, and by $78 million or about 3% for the full year 2025 compared to 2024 [6] - Core advertising revenue was up 3% compared to Q4 2024, with strong growth in services like financial, health, and home improvement [14] - Political advertising revenue reached $12 million in Q4 2025, exceeding expectations [7] Market Data and Key Metrics Changes - Core advertising categories showed strength in services, while automotive finished down low double digits [14] - Digital advertising continued healthy growth in Q4, up low double digits [15] - The first quarter 2026 guidance for core ad revenue is expected to be flat compared to Q1 2025 [17] Company Strategy and Development Direction - The company is focused on enhancing local content offerings and has won multiple national awards for journalistic excellence [10] - Continued investment in digital platforms, including a transition to the Quickplay platform powered by Google Cloud [11] - The company is optimistic about closing several M&A transactions in early 2026 to strengthen its market position [30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming political cycle in 2026, which is expected to drive revenue growth [19] - The company is focused on achieving a sustainable model for net retransmission revenue, aiming for modest growth moving forward [29] - Management acknowledged the competitive landscape and the need for consolidation in the industry to maintain local news [31] Other Important Information - The company completed the acquisition of WBBJ-TV for $25 million and is working towards closing other announced transactions [9] - The total capital investment in Assembly Atlanta was approximately $630 million as of the end of 2025 [54] Q&A Session Summary Question: Impact of Nexstar's potential deal on asset availability - Management indicated that if Nexstar's deal closes, it may change the competitive landscape and could prompt the company to consider larger transactions [30] Question: Expectations for net retransmission revenue growth - Management confirmed that modest growth in net retransmission revenue is expected, despite some lumpiness due to renewals [29] Question: Leverage and M&A opportunities - Management stated that they are focused on reducing leverage and are open to transactions that make sense for the company [36] Question: Health of core advertising backdrop - Management noted that while Q1 is expected to be flat, there is optimism due to strong performance in February and upcoming political advertising [42] Question: NFL TV rights reassessment and its impact - Management believes that extending NFL contracts is a positive for the industry and critical for maintaining audience engagement [46] Question: Subscriber trends for retransmission revenue - Management reported improvements in subscriber trends, with a slower rate of decline in traditional MVPDs [50] Question: AI implementation and cost efficiency - Management highlighted that AI is enhancing efficiency across various departments, likening its impact to having additional interns [60][64]