Meridian Funds, managed by ArrowMark Partners, released its “Meridian Contrarian Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The U.S. equity market showcased a significant recovery during the quarter, rising 23% from low to end the quarter at a record high. U.S. large-cap stocks gained 11.1% in the quarter, and within the large-cap category, growth stocks outperformed value stocks. In this environment, the fund returned 16.42% (net) during the quarter, exceeding ...

Richtech Robotics TodayRRRichtech Robotics$4.09 -0.32 (-7.26%) 52-Week Range$0.52▼$5.71Price Target$4.50Add to WatchlistOn September 22, a relatively under-the-radar stock in the technology sector made an undeniable statement. Shares of Richtech Robotics NASDAQ: RR ended the trading day with a gain of nearly 25%, simultaneously hitting a new 52-week high. This represented a decisive breakout backed by a massive surge in investor interest. Trading volume soared to over 75 million shares, dwarfing Richtech’s ...

Financial Data and Key Metrics Changes - For Q4, the company reported approximately $8.3 billion in revenue, exceeding guidance by roughly $800 million, with core operating income at $519 million and a core operating margin of 6.3%, a 50 basis point improvement year-over-year [9][10] - Core diluted earnings per share was $3.29, while GAAP diluted earnings per share came in at $1.99 [9] - Full-year adjusted free cash flow was over $1.3 billion, with a healthy balance sheet showing a debt-to-core EBITDA ratio of 1.3 times and cash balances of approximately $1.9 billion [12][13] Segment Performance Changes - Regulated Industries revenue was $3.1 billion, with a year-over-year increase of approximately 3% and a core operating margin of 6.5% [10] - Intelligent Infrastructure revenue reached $3.7 billion, $400 million above expectations, with a core operating margin of 5.9% [10][11] - Connected Living and Digital Commerce revenue totaled $1.4 billion, reflecting a year-over-year decline of approximately 14%, but with a core operating margin increase to 6.6% [11] Market Data and Key Metrics Changes - The automotive and transportation market is expected to decline by 5% in FY26, while healthcare outsourcing is entering a growth phase, particularly in drug delivery systems [49][50] - AI-related revenue is projected to grow by roughly 25% in FY26, reaching about $11.2 billion, driven by strong demand in cloud and data center infrastructure [53][54] Company Strategy and Industry Competition - The company is focusing on system-level integration across its segments, particularly in Intelligent Infrastructure, to capture AI-related growth [51][52] - In Connected Living and Digital Commerce, the strategy involves pruning lower-margin programs while investing in higher-margin opportunities like digital commerce and robotics [55][56] Management's Comments on Operating Environment and Future Outlook - Management highlighted the resilience of the diversified model despite mixed dynamics across end markets, with strong performance in AI-related sectors offsetting softness in automotive and renewables [35][36] - The company aims for approximately 5% revenue growth in FY26, with core operating margin expansion to around 5.6% [56] Other Important Information - The company completed a $1 billion share repurchase authorization and plans to return about 80% of free cash flow to shareholders [14][57] - A new facility in North Carolina is set to come online in summer 2026 to address capacity constraints in AI manufacturing [54] Q&A Session Summary Question: Can you provide details on growth areas in AI? - The company expects 25% year-on-year growth in AI revenue, with significant growth in capital equipment and cloud and data center infrastructure, while maintaining strong positions in existing markets [64][65] Question: What is the outlook for healthcare growth? - Growth is anticipated in drug delivery systems and healthcare outsourcing, with a healthy pipeline of new business expected to contribute to margins [66]

Financial Data and Key Metrics Changes - For Q4 2025, the company reported approximately $8.3 billion in revenue, exceeding guidance by roughly $800 million, with core operating income at $519 million and a core operating margin of 6.3%, a 50 basis point improvement year-over-year [8][9] - GAAP operating income totaled $337 million, with diluted earnings per share at $1.99 and core diluted earnings per share at $3.29 [8][9] - Full-year adjusted free cash flow was over $1.3 billion, with a healthy balance sheet showing a debt-to-core EBITDA ratio of 1.3 times and cash balances of approximately $1.9 billion [11][12] Segment Performance Changes - Regulated Industries revenue was $3.1 billion, with a year-over-year increase of approximately 3% and a core operating margin of 6.5% [9] - Intelligent Infrastructure revenue reached $3.7 billion, driven by strong demand in cloud and data center, with a core operating margin of 5.9% [9][10] - Connected Living and Digital Commerce revenue totaled $1.4 billion, reflecting a year-over-year decline of approximately 14%, but with a core operating margin of 6.6%, up 210 basis points year-over-year [10] Market Data and Key Metrics Changes - The company anticipates Regulated Industries revenue for Q1 FY26 to be $3.05 billion, up 3% year-on-year, while Intelligent Infrastructure is expected to grow approximately 47% year-on-year to $3.67 billion [13][14] - Connected Living and Digital Commerce revenue is expected to decline by 16% year-on-year to $1.29 billion, reflecting a strategic shift towards higher-margin opportunities [13][14] Company Strategy and Industry Competition - The company is focusing on system-level integration in Intelligent Infrastructure, leveraging AI-related growth across capital equipment, cloud, and data center markets [21][49] - In Regulated Industries, the strategy includes supporting automotive and healthcare sectors while navigating regulatory changes and market dynamics [16][48] - The Connected Living segment is transitioning away from lower-margin consumer products towards advanced technologies in automation and robotics [30][54] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about long-term growth in healthcare and AI-related sectors, despite short-term challenges in automotive and renewables [46][48] - The company expects overall revenue growth of approximately 5% for FY26, with core operating margins expanding to around 5.6% [55][56] - The focus remains on maintaining a strong balance sheet while returning about 80% of free cash flow to shareholders [56][58] Other Important Information - The company completed a $1 billion share repurchase authorization and has a new $1 billion program authorized for FY26 [12] - The anticipated new facility in North Carolina is set to come online in summer 2026, aimed at enhancing AI rack manufacturing capabilities [52] Q&A Session Summary Question: Growth areas in AI - The company expects 25% year-on-year growth in AI revenue, with significant growth in cloud and data center infrastructure, particularly in electrical switch gear [62][64] Question: Healthcare growth outlook - The company anticipates low to mid-single-digit growth in healthcare, driven by drug delivery systems and new business opportunities, despite delays in the Croatia facility impacting margins [63]

Financial Performance - Net revenue for the fourth quarter of fiscal year 2025 was $8252 million, compared to $6964 million in the same period last year[10] - Net revenue for fiscal year 2025 reached $29802 million, an increase from $28883 million in fiscal year 2024[10] - Core operating income (non-GAAP) for fiscal year 2025 was $1620 million, up from $1588 million in fiscal year 2024[10] - Adjusted free cash flow (non-GAAP) for fiscal year 2025 was $1318 million[14] - Share repurchases amounted to $1000 million for fiscal year 2025[14] Segment Results (Q4 FY2025) - Intelligent Infrastructure accounted for 45% of the total revenue[12] - Regulated Industries contributed 38% to the total revenue[12] - Connected Living & Digital Commerce generated 17% of the total revenue[12] FY26 Outlook - The company anticipates net revenue between $7700 million and $8300 million for the first quarter of fiscal year 2026[25] - Core diluted earnings per share (non-GAAP) are projected to be between $247 and $287 for the first quarter of fiscal year 2026[25] - The company forecasts net revenue of $313 billion and core operating margin of 56% for fiscal year 2026[80]

Group 1 - Honeywell will release its third quarter financial results on October 23, 2025, before the Nasdaq Stock Market opens, followed by a conference call at 8:30 a.m. EDT [1] - The company operates across various industries and geographies, focusing on three megatrends: automation, future of aviation, and energy transition, supported by its Honeywell Accelerator operating system and Honeywell Forge IoT platform [3] - Honeywell provides solutions through its Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions business segments, aiming to address complex global challenges [3] Group 2 - Honeywell utilizes its Investor Relations website for disclosing information relevant to investors and complying with Regulation FD, encouraging investors to monitor this site along with press releases and public communications [4] - The company has announced the pricing of senior notes related to the planned spin-off of Solstice Advanced Materials, indicating ongoing strategic financial maneuvers [5][6]

Core Insights - Nokia has been recognized as a Leader in the 2025 Gartner Magic Quadrant for Communication Service Provider 5G Core Network Infrastructure Solutions for the fifth consecutive year, being positioned furthest in Completeness of Vision [1][9] - The recognition reflects Nokia's technology leadership and the trust placed in the company by customers and partners, emphasizing a security-first, automation-enabled, and AI-ready core [2][5] - Nokia's Core Networks portfolio is fully cloud-native, allowing operators to run their 2G, 3G, 4G, 5G, and IMS cores in cloud-native network functions, facilitating quick and secure service rollouts [3] Market Position - As of Q2 2025, Nokia had the most 5G Standalone Core operator customers, totaling 125, and the highest number of live deployments at 54 [4] - Omdia ranked Nokia's Core portfolio 1 for competitiveness in its "Market Landscape: Core Vendors - 2025" report, highlighting strengths in cloud-native capabilities, automation, and breadth of core portfolio [5] - Nokia commands 33% of the global commercial 5G Standalone footprint, attributed to its multi-cloud strategy [5]

Outsized numbers being thrown around regarding AI and data center buildouts, including OpenAI's $850 billion expansion. That's equal to the output of 17 nuclear plants. But how is the energy grid going to handle the added load.And who will ultimately pay for the increased consumption. Well, joining us right here on set is ABV CEO Morton Verrod. Morton, it's great to have you.Welcome. Thank you. Great to be here.This is one of the areas that you play in is electrification, automation, and sort of uh building ...

Welcome back everyone. Today on the Joseph Carlson show, while the market is going up in 2025, we have the S&P 500 doing well, we have the QQQ doing well, we have even the Mag 7 doing really well, except for one, Amazon stands alone as a company that's not performing well this year. In fact, as Market Watch points out, Amazon is the worst performing of the big tech mag 7 companies, and it risks falling behind in the AI race. So, what's going on with Amazon? This is a company that after all is one of my larg ...

Well, Robot empires, they are finally making their big league debut. Starting next season, MLB players will be able to challenge calls made by home plate umps by using the automated ball strike system. It's also known as ABS.We covered the story back in March when Major League Baseball tested the technology during its spring training games. And fans overall very divided on this concept. Take a listen.How it's been for the last 100 plus years as how it should stay. Can definitely see the advantage of it. As ...