February 5, 2026 2 SAFE HARBOR Forward-looking statements in this presentation, including statements about our strategic plans and initiatives as well as their financial impacts, demand, product development, and capital expenditure plans and timing of those plans, and our expectations with respect to the costs and benefits of those plans and timing of those benefits, future revenue, crop production and farm income, production levels, price levels, margins, earnings, operating income, cash flow, engineering ...

Tapestry (NYSE:TPR) Q2 2026 Earnings call February 05, 2026 08:00 AM ET Company ParticipantsBrooke Roach - Managing Director for Equity ResearchChristina Colone - Global Head of Investor RelationsJoanne Crevoiserat - CEOScott Roe - CFO and COOTodd Kahn - CEO and Brand President of CoachConference Call ParticipantsAdrienne Yih - Managing Director and Consumer Discretionary AnalystBob Drbul - Managing Director and Consumer Retail AnalystIke Boruchow - Managing Director and Senior Equity Consumer AnalystMark A ...

Fendt, Massey Ferguson and PTx displays will include products and solutions that improve entire farming operations. ®® DULUTH, Ga., Feb. 4, 2026 /PRNewswire/ -- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, will again team up with AgRevolutionâ"¢, the company's dealership network in Illinois, Indiana, Kentucky and Ohio, for an expansive exhibit of its Fendt and Massey Ferguson brands at the 2026 National Farm Machinery S ...

Core Thesis - GitLab Inc. is viewed as an attractive investment opportunity due to its positioning to benefit from AI-driven development, despite a broader sell-off in software companies [2][8] Valuation and Financial Metrics - As of December 1st, GitLab's share price was $41.15, with trailing and forward P/E ratios of 485.56 and 40.32 respectively [1] - The company is trading at approximately 7x EV/ARR, indicating a valuation discount compared to high-quality peers [3] Growth Potential - GitLab's revenue has more than tripled since its IPO, and management anticipates around 25% growth in ARR for the current fiscal year [3][5] - The addressable market for GitLab is projected to be $40 billion, driven by the increasing adoption of integrated DevOps platforms by enterprises [5] Competitive Advantage - GitLab employs a land-and-expand strategy, maintaining net revenue retention above 120%, and is enhancing upsell opportunities through its AI agent, Duo [4] - The company's moat is characterized by its integrated, enterprise-grade security and compliance capabilities, which are challenging for competitors to replicate [6] Market Positioning - GitLab serves large, regulated enterprises that require robust security and governance, differentiating itself from competitors like GitHub and Bitbucket that focus on open-source and smaller teams [5] - The rise of AI-generated code increases the importance of GitLab's platform capabilities, particularly in governance, security, and deployment [3][6] Profitability Outlook - With gross margins near 90% and a capital-light model, GitLab is positioned to achieve EPS and free cash flow profitability within 12 to 24 months [6] Risks and Considerations - Noted risks include leadership transition, stock-based compensation, and potential acquisition speculation [7]

Core Insights - A report from Bank of America Securities (BofA) indicates a significant medium-term increase in software spending driven by AI agents, despite current market caution regarding generative AI adoption and monetization [1] - BofA projects that spending on agentic AI technology could reach $155 billion by 2030, which is three times higher than most current industry analyst estimates [2] Industry Analysis - Agentic functionality is seen as a crucial factor for AI monetization, potentially leading to sustainable and measurable productivity improvements in the workforce [3] - BofA estimates that global knowledge worker wages across seven major occupation categories total $18.6 trillion annually, with a projection that agents could perform 10% of workflows by 2030, translating to $1.9 trillion in automation-driven value [4] Market Potential - If software vendors capture approximately 8% of the automation-driven value, this would result in global agentic AI spending of $155 billion, equating to a 12 times return on investment for customers [5] - Surveys indicate that 64% of organizations plan to pursue agentic AI initiatives by 2025, although many are still in the early stages of deployment [5][6] Adoption Trends - As of January 2025, 53% of organizations are in the exploration stage of agentic AI initiatives, 25% are in the pilot stage, and only 6% are in production [6] - Key job functions expected to adopt agentic technologies first include customer service, marketing, sales, and software development [6] Key Beneficiaries - Notable companies identified as key beneficiaries of AI include Microsoft Corp, Salesforce, ServiceNow, Intuit, HubSpot, GitLab, and OneStream, all of which have significant customer datasets and data management capabilities [7][8] - These companies are expected to begin monetizing their AI features and products around calendar 2026 [8]

Core Viewpoint - GitLab is experiencing positive momentum in its stock performance, driven by optimistic analyst predictions ahead of its upcoming earnings report [1][2]. Group 1: Analyst Recommendations - KeyBanc's Jason Celino has reiterated an overweight (buy) recommendation for GitLab, setting a price target of $60 per share, indicating a potential upside of nearly 22% from the current stock level [2]. - The anticipation of GitLab's fiscal first quarter earnings release on June 10 has contributed to the stock's rise, outperforming the S&P 500 index [1][2]. Group 2: Revenue Growth Expectations - Celino expects GitLab to achieve year-over-year revenue growth exceeding the analyst consensus of 25.9%, driven by the adoption of its Duo and Dedicated solutions, particularly those enhanced by AI functionalities [4]. - The anticipated revenue growth is expected to positively influence GitLab's full-year guidance, with expectations for the company's projections to be raised [5]. Group 3: Market Concerns - There are concerns regarding the spending habits of public-sector clients due to recent federal government budget-tightening efforts, which could impact GitLab's performance in that segment [5]. - Despite these concerns, GitLab is viewed as resilient enough to withstand potential downturns in the public sector [6].