Texas Instruments - Texas Instruments reported an adjusted EPS of $1.27, slightly below expectations, with revenue at $4.42 billion, aligning with estimates. The Q1 revenue guidance is between $4.32 billion to $4.68 billion, which is better than market expectations [2][3] - Data center revenue surged 70% last quarter, indicating strong growth in this segment, which is becoming a new growth engine for the company. Management plans to break out data center revenue separately in future reports [3][4] - The industrial market showed recovery, with growth in the high teens percentage in Q4, driven by factory automation, industrial controls, and embedded systems. However, personal electronics revenue fell in the upper teens percentage [5] Starbucks - Starbucks reported an adjusted EPS of $0.56, which was below expectations, but revenue exceeded estimates at $9.92 billion compared to the expected $9.63 billion. The company is seeing a turnaround with traffic growth for the first time in two years [8][9] - Global same-store sales increased by 4%, and traffic grew by 3%, indicating positive momentum. The holiday season also contributed to strong sales, particularly with viral marketing efforts [10][11] - Despite some margin pressure due to turnaround costs and higher coffee prices, the overall sales and traffic growth are seen as key positive indicators for the company's future [9][10] AT&T - AT&T reported an adjusted EPS of $0.52, beating expectations of $0.46, with revenue at $33.47 billion, surpassing the anticipated $32 billion. The company added 421,000 new post-paid phone customers, in line with estimates [13][14] - The churn rate remained below 1%, indicating customer retention amidst a competitive pricing environment. The company also experienced growth in broadband, adding 283,000 new fiber customers [15][16] - However, the wireline business saw a decline of 7.5%, but overall growth in other segments helped offset this loss [16]

Company Overview - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team operates from key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Utilization - Proactive is a forward-looking company that adopts technology enthusiastically to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Financial Data and Key Metrics Changes - The company achieved over 4% growth in consolidated Adjusted EBITDA during the fourth quarter, expanding Adjusted EBITDA margins by 20 basis points [20] - Adjusted EPS grew by over 20% in the fourth quarter to $0.52 and nearly 9% for the year to $2.12, exceeding the 2025 guidance [21] - Full year free cash flow was $16.6 billion, which grew by over $1 billion and came in towards the higher end of the 2025 guidance [22] Business Line Data and Key Metrics Changes - The company reported over 1.5 million postpaid phone net adds for the fifth consecutive year and over 1 million AT&T Fiber net adds for the eighth consecutive year [4] - The fiber convergence rate climbed 200 basis points year-over-year to 42%, indicating strong growth in bundled services [9] - The company expects to reach over 40 million customer locations with fiber services by the end of the year, up from 32 million at the end of 2025 [7] Market Data and Key Metrics Changes - The company continues to expand its fiber and 5G services, with plans to ramp fiber construction from 3 million new locations in 2025 to 4 million by the end of this year [6] - The company estimates that fewer than 20% of customers in the Lumen territories currently subscribe to wireless services, indicating significant growth potential [11] Company Strategy and Development Direction - The company aims to become the best advanced connectivity provider in America, focusing on a sustainable, investment-led business model [5] - Plans to adopt new segment reporting to separate Advanced Connectivity results from Legacy operations, providing greater transparency into growth investments [17] - The company is committed to discontinuing a large majority of copper-based services by the end of 2029, reflecting a strategic shift towards modernized services [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the supportive federal policy for market-based investment in advanced networks, anticipating increased demand for dense fiber networks [18] - The company expects to return over $45 billion to shareholders over the next three years through dividends and share repurchases, representing nearly 30% of its market cap [16] - Management anticipates continued growth in Adjusted EBITDA and double-digit Adjusted EPS growth over the next three years [15] Other Important Information - The company achieved over $1 billion of cost savings in 2025 and expects to achieve an additional $4 billion in annual cost savings by the end of 2028 [30] - The company plans to close its acquisition of fiber assets from Lumen during the first quarter, which will add approximately $900 million of annualized fiber revenues [29] Q&A Session Questions and Answers Question: Fiber convergence rate expectations - Management expects the convergence rate to continue improving, with a target of reaching 50% [41][43] Question: Consumer wireline revenue growth slowdown - Management noted that pricing adjustments and strategic decisions to bundle services have contributed to the slowdown [49][50] Question: Spectrum investments and foldable iPhone impact - Management has reserved capacity for strategic spectrum investments and does not anticipate significant changes in consumer demand due to foldable devices [57][59]

We came across a bullish thesis on Verizon Communications Inc. on Phaetrix Investing’s Substack by Phaetrix. In this article, we will summarize the bulls’ thesis on VZ. Verizon Communications Inc.'s share was trading at $39.62 as of January 26th. VZ’s trailing and forward P/E were 8.45 and 8.27 respectively according to Yahoo Finance. Ericsson (ERIC) Touches 3-Year High on Strong Earnings TunedIn by Westend61/Shutterstock.com Verizon Communications Inc., through its subsidiaries, engages in the provisio ...

Core Viewpoint - BRC Group Holdings, Inc. has regained compliance with Nasdaq's Periodic Filing Rule 5250(c)(1) as of January 27, 2026, following a confirmation from Nasdaq [1][2] Group 1: Compliance and Regulatory Actions - Nasdaq has imposed a "Mandatory Panel Monitor" on BRC for one year, which is defined under Nasdaq Listing Rule 5815(d)(4)(B) [2] - If BRC fails to meet the Periodic Filing Rule during this one-year period, it will not be allowed to submit a compliance plan and will receive a Delist Determination Letter [2] Group 2: Company Overview - BRC Group Holdings, Inc. operates as a diversified holding company with interests in financial services, telecom, and retail, as well as investments in equity, debt, and venture capital [3] - The company's financial services platform offers customized solutions for small cap and middle market companies, including capital markets, sales, trading, research, merchant banking, M&A, and restructuring [3] - BRC's wealth management division provides services such as brokerage, investment management, insurance, and tax preparation [3] - The telecom segment offers consumer and business services, including traditional and mobile phone services, internet and data, security, and email [3] - Retail operations focus on mobile computing accessories and home furnishings, with capital deployed to generate shareholder value through opportunistic investments [3]

Group 1 - The fourth quarter earnings season is gaining momentum, with major tech companies like Microsoft, Meta, Tesla, and Apple leading the earnings calendar [1] - A consensus is forming among analysts, with 13% of S&P 500 companies having reported fourth quarter results, and an estimated 8.2% increase in earnings per share for the quarter, marking the potential for the 10th consecutive quarter of annual earnings growth for the index [2] - Analysts had initially expected an 8.3% increase in earnings per share, a decrease from the previous quarter's 13.6% growth rate, but have since raised expectations, particularly for tech companies [3] Group 2 - The earnings season will not only focus on Big Tech but will also include updates from a diverse range of companies such as UnitedHealth, Boeing, General Motors, IBM, Starbucks, and others, indicating a broad economic impact [4][5]

2025 4th Quarter Earnings January 28, 2026 AT&T Intellectual Property and/or AT&T affiliated companies. All other marks are the property of their respective owners AT&T Proprietary (Internal Use Only) - Not for use or disclosure outside the AT&T companies except under written agreement © 2026 AT&T Intellectual Property. AT&T and globe logo are registered trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. © 2025 AT&T Intellectual Property. AT&T and globe logo are reg ...

Group 1: Financial Performance - AT&T reported Q4 revenue growth of 3.7% to $33.5 billion, exceeding analyst expectations of $32.8 billion [1] - Adjusted earnings per share increased to $0.52, surpassing the expected $0.46 [1] - Adjusted EBITDA for Q4 was $11.2 billion, higher than the anticipated $11.1 billion [1] Group 2: User Growth and Market Competition - The company added 421,000 wireless users in Q4, below Wall Street's expectation of 440,000 [1] - AT&T's strategy relies heavily on customers purchasing multiple products, such as mobile plans and home internet services [1] - The company launched various promotions to attract new customers and retain existing ones, including trade-in offers for the latest iPhone 17 Pro [1] Group 3: Internet Services - AT&T's fixed wireless internet service, Internet Air, added 221,000 users in Q4, falling short of the expected 272,000 [2] - The company is the first major U.S. telecom operator to report financial results, with Verizon and T-Mobile set to report later [2] Group 4: Future Outlook - AT&T's annual profit guidance exceeds market expectations, with projected adjusted earnings per share for 2026 between $2.25 and $2.35, above the expected $2.21 [2] - The company's infrastructure strategy includes significant acquisitions, such as the nearly $6 billion purchase of Lumen's consumer fiber business and a $23 billion acquisition of EchoStar's spectrum licenses [3] - AT&T anticipates free cash flow will exceed $21 billion by 2028, higher than the analyst expectation of $19.61 billion [4] Group 5: Organizational Changes - Starting Q1 2026, AT&T will restructure its reporting segments into three parts: a new "Advanced Connectivity" division, traditional services, and Latin America operations [4]

Core Viewpoint - AT&T demonstrated strong subscriber growth in its fiber and wireless segments, leading to impressive earnings results for the fourth quarter [1] Earnings Results - AT&T added 283,000 fiber subscribers in the fourth quarter, surpassing the FactSet consensus of 265,000 [1] - The company reported 421,000 net postpaid phone subscribers added, slightly below the FactSet consensus of 425,000 [1] - The growth reflects AT&T's strategy to enhance internet offerings and promote bundled packages [1]

Core Insights - AT&T experienced higher sales in the fiscal fourth quarter, driven by revenue growth in its wireless and consumer segments [1] Group 1: Financial Performance - The increase in sales was primarily attributed to the performance of the wireless business [1] - Consumer business also contributed positively to the overall revenue growth [1]