A month has gone by since the last earnings report for Home Depot (HD) . Shares have added about 6.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Home Depot due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.Home Depot Q3 Earnings Miss, Outlines Soft FY25 EPS View ...

Uh, meantime, Lululemon earnings are out. Courtney Reagan has details from the report. Court.>> Yeah, John. And before I give you the details from the report, I have to let you know that CEO Kevin McDonald will be stepping down from Lululemon. There is going to be an extensive search, but in the meantime, the current CFO and chief commercial officer will step in to run as effective co-CEOs until a permanent successor has been named.McDonald has been with the company since 2018. And of course, as we've talke ...

Core Viewpoint - IPG Photonics reported a positive Q3 earnings performance, with adjusted earnings and revenues exceeding estimates, but the stock has seen a decline of approximately 7.1% since the last earnings report, underperforming the S&P 500 [1][2][3]. Financial Performance - Q3 2025 adjusted earnings were 35 cents per share, beating the Zacks Consensus Estimate by 19 cents and increasing by 9% year-over-year [3]. - Revenues reached $250.8 million, an 8% year-over-year increase, surpassing the consensus mark by 6.59% [3]. - The book-to-bill ratio was approximately one in the reported quarter [3]. Revenue Breakdown - The year-over-year revenue growth was driven by higher sales in materials processing, medical, and advanced applications [4]. - Sales from materials processing, which accounted for 88% of total revenues, increased by 6% year-over-year to $212.3 million, supported by strong demand in welding and additive manufacturing [5]. - Revenues from other applications rose by 20% year-over-year, primarily due to increased sales in medical and advanced applications [6]. Geographic Performance - Sales in Europe declined by 7%, while North America and Asia saw increases of 8% and 15% year-over-year, respectively [6]. Profitability Metrics - The adjusted gross margin was 39.8%, up 360 basis points year-over-year [6]. - Adjusted EBITDA increased by 33% year-over-year to $37 million [6]. Balance Sheet and Cash Flow - As of September 30, 2025, IPG Photonics had $900.6 million in cash and cash equivalents, short-term investments, and long-term investments [7]. - The company spent $21 million on capital expenditures and $16 million on share repurchases during the third quarter [7]. Guidance - For Q4 2025, IPG Photonics anticipates sales between $230 million and $260 million, with an expected adjusted gross margin of 36% to 39% [8]. - Operating expenses are projected to be between $90 million and $92 million, with adjusted EBITDA expected to range from $21 million to $38 million [8]. - Earnings for Q4 2025 are forecasted to be between 5 cents and 35 cents per share [8]. Estimate Revisions - There has been a downward trend in estimates, with the consensus estimate shifting down by 25.39% in the past month [10]. - The stock currently holds a Zacks Rank 3 (Hold), indicating an expectation of an in-line return in the coming months [12]. VGM Scores - IPG Photonics has a poor Growth Score of F, a Momentum Score of D, and a Value Score of F, placing it in the fifth quintile for investment strategy [11].

2 December 2025 | 9:08PM EST Equity Research Micron Technology Inc. (MU): 1Q Preview: Pricing strength should drive upside to quarter, positioning the company well for 2026 Key stock takeaways: We expect investors to continue to focus on the level of industry undersupply in DRAM and NAND, and to what extent pricing growth can sustain in these markets. Following continued pricing momentum, we expect healthy upside to Street estimates, with more moderate growth in the February quarter. We believe investor pos ...

Core Insights - Danaher Corporation's third-quarter 2025 adjusted earnings of $1.89 per share exceeded the Zacks Consensus Estimate of $1.71, marking a 10.5% year-over-year increase [3] - The company reported net sales of $6.05 billion, surpassing the consensus estimate of $6.00 billion, with a year-over-year growth of 4.5% [3] - The overall core sales increased by 3% year over year, with foreign-currency translations contributing positively by 1.5% [4] Segment Performance - Life Sciences segment revenues reached $1.79 billion, a 0.5% increase year over year, although core sales decreased by 1% [5] - Diagnostics segment revenues totaled $2.46 billion, up 4% year over year, with core sales increasing by 3.5% [6] - Biotechnology segment revenues were $1.80 billion, reflecting a 9% year-over-year increase, with core sales rising by 6.5% [7] Margin and Profitability - Danaher's cost of sales rose by 5.5% year over year to $2.53 billion, while gross profit increased by 3.6% to $3.52 billion, resulting in a gross margin of 58.2% [8] - Operating profit surged by 20.5% year over year to $1.15 billion, with the operating margin expanding to 19.1% from 16.5% [9] Balance Sheet and Cash Flow - At the end of the third quarter, Danaher had cash and equivalents of $1.53 billion, down from $2.08 billion at the end of 2024, while long-term debt increased to $16.8 billion [10] - The company generated net cash of $4.30 billion from operating activities in the first nine months of 2025, a decrease from $4.67 billion in the previous year [11] Future Outlook - For the fourth quarter, Danaher anticipates adjusted core sales from continuing operations to grow in the low single digits year over year, with adjusted earnings expected to be between $7.70 and $7.80 per share [12] - Estimates for the stock have trended downward, with a consensus estimate shift of -9.79% over the past month [13] Investment Scores - Danaher currently holds a subpar Growth Score of D and a Momentum Score of F, with an aggregate VGM Score of F, indicating it is in the bottom 40% for value investors [14]

Core Insights - Nvidia's price target has been upgraded from $210 to $230 per share, reflecting positive sentiment from analysts regarding the company's performance and outlook [1] - There is a discussion around a potential revenue target of $500 billion, with analysts questioning whether this figure could be exceeded due to backlog and increased component availability [2][3][7] - Gross margin expectations have been met, with analysts noting a potential increase into the high 70s percentage range, although not expected to reach 80% [4][5] - Free cash flow reported at $22 billion was below the street's expectation of over $27 billion, attributed to increased inventory due to component shortages [8] - Nvidia reported $2 billion in revenue from older hopper chips, raising questions about depreciation and profitability in the sector [10][11] Revenue and Growth Potential - Analysts are optimistic about exceeding the $500 billion revenue target, with current models estimating $450 billion, indicating a 10% margin for potential growth [3] - The $500 billion figure includes networking and GPU sales, suggesting a comprehensive approach to revenue generation [6] Margin and Profitability - Gross margin has been a focal point, with the company achieving mid-70s percentages, which is crucial for valuation [4][5] - Concerns about profitability being overstated due to depreciation methods were raised, indicating a need for clarity on financial reporting [10][11] Cash Flow and Inventory Dynamics - The decrease in free cash flow is seen as a temporary issue linked to inventory adjustments amid component shortages [8] - Analysts are monitoring the impact of inventory levels on overall financial health and future cash flow [8]

Core Insights - Jerash Holdings (NASDAQ:JRSH) reported an earnings per share (EPS) of $0.04, missing the estimated $0.14, indicating a shortfall in profitability expectations [1][6] - The company achieved a revenue of approximately $41.97 million, surpassing the estimated $41 million, reflecting a 4.3% year-over-year increase from $40.2 million [2][6] Financial Performance - The gross margin decreased to 15% from 17.5% in the prior year quarter, indicating challenges in maintaining profitability despite revenue growth [3] - Operating income slightly declined to $1.09 million from $1.13 million, and net income fell to $479,000 from $665,000 in the previous year [3] Financial Ratios and Liquidity - The price-to-earnings (P/E) ratio is approximately 50.92, suggesting investors are willing to pay about 51 times the company's earnings over the past year [4] - The current ratio stands at 2.85, indicating a strong liquidity position with nearly three times current assets compared to current liabilities [5][6] - The debt-to-equity ratio is 0.08, reflecting a relatively low level of debt compared to equity [5] Future Outlook - Jerash Holdings anticipates a revenue increase of 19 to 21% for the fiscal 2026 third quarter, with a gross margin target of approximately 13 to 15% [5]

Core Insights - Ouster reported a smaller-than-expected loss and record sensor shipments, leading to a 10.7% increase in stock price after earnings announcement [2][3] - The company shipped 7,200 sensors in Q3, achieving a revenue of $39.5 million, which exceeded the consensus estimate of $37.81 million by $1.69 million [3][7] - Year-over-year revenue growth was 41%, driven by demand in smart infrastructure, robotics, and industrial segments [4][7] Financial Performance - Gross margin improved to 42%, up from 38% a year earlier, indicating progress in cost structure [4][7] - However, gross margin decreased from 45% in the previous quarter to 42%, raising concerns about pricing power and product mix [5][7] - The net loss improved by $4 million year over year to $21.7 million, reflecting better operational discipline [4] Future Guidance - For Q4, Ouster provided revenue guidance of $39.5 million to $42.5 million, indicating flat to a modest 7.6% sequential growth [6][7] - The narrow guidance range suggests management's confidence in visibility but is conservative compared to the current quarter's 41% growth rate [6]

Financial Data and Key Metrics Changes - Revenue reached $310 million, up 15% year-over-year, marking the sixth consecutive quarter of revenue growth and the third straight quarter of double-digit year-over-year increases [4][12] - Earnings per share (EPS) was $0.22, up 29% from $0.17 in the prior year [12] - SaaS Annual Recurring Revenue (ARR) grew 24% year-over-year to $216 million [4][12] - Total bookings increased by 21% year-over-year, reflecting strong customer demand [13] Business Line Data and Key Metrics Changes - Product revenue was $194 million, growing 20% year-over-year and achieving six consecutive quarters of product revenue growth [13] - Subscription and support revenue totaled $116 million, up 9% year-over-year, with total recurring revenue growing 8% year-over-year, representing 36% of total revenue [14] - Non-GAAP gross margin was 61.3%, impacted by industry-wide increases in component costs [15] Market Data and Key Metrics Changes - Strong performance was noted in Asia-Pacific and EMEA regions, with significant new customer wins contributing to growth [14] - 36 customers spent over $1 million with the company in the quarter, up from 34 last quarter and 27 in the prior year [14] Company Strategy and Development Direction - The company is focused on expanding its market share through innovative technology solutions, including Extreme Fabric and Extreme Platform ONE, which leverage AI for enhanced networking capabilities [4][5] - The company aims to achieve a revenue growth target of 10% for the fiscal year 2026, with a strong emphasis on SaaS ARR growth in the low 20% range [11][17] - The company is positioning itself as a strategic alternative to incumbents, particularly in the public sector and hospitality markets [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to recover gross margins through price increases and operational efficiencies [15][20] - The company anticipates continued growth in large opportunities and believes fiscal 2026 will mark an inflection point in its growth trajectory [11] - Management highlighted the competitive landscape, noting confusion among competitors as an opportunity for the company to gain market share [28][70] Other Important Information - The company has been recognized as a leader in the 2025 MarketScape by IDC, highlighting its unique technology and deployment flexibility [5] - The company is committed to corporate responsibility, having reduced emissions by 34% since 2021 and aiming for 50% renewable electricity sourcing [11] Q&A Session Summary Question: Can you talk more about component price increases impacting gross margins? - Management acknowledged rising prices in memory and optics, implementing price increases to recover costs, with expectations to improve gross margins over time [20][21] Question: What is the impact of the federal government shutdown on your business? - Management indicated that the shutdown had little to no impact, with opportunities opening up in the federal market due to recent certifications [25] Question: How is the competitive environment with Cisco and Juniper? - Management noted confusion in the market due to HPE's acquisition of Juniper and Cisco's partner program overhaul, creating opportunities for the company [27][29] Question: What metrics do you have for Extreme Platform ONE's commercial introduction? - Management stated that it is early to present metrics but noted high adoption and excitement about the capabilities of Platform ONE [38][39] Question: What are the long-term gross margin targets? - Management maintained a long-term gross margin target of 64%-66%, with expectations for recovery in the near term [63][66]

Core Insights - Intel's Q3 earnings report indicates a revenue of $13.7 billion, reflecting a 3% year-over-year increase, with a diluted EPS of $0.90 and a gross margin of 38.2% [6] - The company anticipates that yields for its 18A manufacturing process will improve to industry-acceptable levels by the end of next year, with better performance and yield expected from the next-generation 14A node [1][4] - Analysts have noted that demand for Intel's CPUs is exceeding supply, a trend that may persist into 2026, leading to a raised Q4 outlook by 3% [4] Financial Performance - Revenue for Q3 was $13.7 billion, up 3% YoY, with a net income of $4.1 billion compared to a net loss of $16.6 billion in Q3 2024 [6] - The guidance for Q4 revenue is projected between $12.8 billion and $13.8 billion, with a gross margin expected at 34.5% [6] - The company’s Q4 guidance includes a gross margin target of 36.5%, but analysts suggest that a full EPS recovery requires a gross margin above 45% [9] Analyst Insights - Bank of America has lowered its pro forma EPS estimates for 2026 by 4% to $0.51, citing slow internal adoption of the 18A node and competitive pressures in the foundry market [7] - The stock is considered overvalued, trading at a 50 multiple price-to-earnings estimate for 2027, with a reiterated underperform rating and a price target of $34 [8] - Key challenges identified include gross margin pressure, tough competition in both products and foundry, and a lack of large external customer wafer orders [9]