Financial Data and Key Metrics Changes - The company reported net bookings of $1.76 billion for Q3 2026, exceeding the high end of guidance by a significant margin [7][17] - GAAP net revenue increased by 25% to $1.7 billion, while cost of revenue rose by 26% to $754 million [18] - Operating expenses increased by 10% to $984 million, with management basis operating expenses rising by 13% year-over-year [18][21] - The company raised its full fiscal year net bookings outlook to $6.65-$6.7 billion, representing an 18% growth compared to fiscal 2025 [7][19] Business Line Data and Key Metrics Changes - The mobile business saw a 19% year-over-year increase, with Toon Blast growing by 43% and Match Factory by 17% [8][18] - NBA 2K series grew by 30%, while Grand Theft Auto Online increased by 27% [10][18] - Recurrent consumer spending rose by 23%, accounting for 76% of net bookings [17][19] Market Data and Key Metrics Changes - The mobile direct-to-consumer business achieved its strongest quarter on record, driven by enhancements in personalized offers and flexible pricing [9] - Advertising revenues grew by 10% year-over-year, supported by higher average revenue per daily active user [9] Company Strategy and Development Direction - The company is focusing on leveraging AI technologies to drive efficiencies and enhance creative processes [12][28] - The upcoming release of Grand Theft Auto VI is expected to significantly impact future financial performance and establish a higher financial baseline [12][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing momentum of the business and projected record levels of net bookings for fiscal 2027 [12][23] - The company anticipates that the release schedule will drive sequential growth next year, establishing a new baseline for future performance [62] Other Important Information - The company plans to support organic growth while remaining selective in pursuing inorganic growth opportunities [41] - The regulatory environment is becoming more favorable for direct-to-consumer strategies, which are expected to enhance margins [35][89] Q&A Session Summary Question: Concerns about AI's impact on the business - Management clarified that the video game industry has always utilized machine learning and AI, and they are optimistic about the opportunities AI presents for efficiency and creativity [26][27] Question: Mobile business growth initiatives - Management highlighted the importance of creating hits in the mobile space and the success of their Zynga team in doing so [32][33] Question: Engagement and monetization strategies for NBA 2K - Management emphasized the importance of continuous consumer engagement and the potential for international expansion as key growth opportunities [45][48] Question: Capital allocation priorities - Management outlined three main uses for capital: supporting organic growth, pursuing selective acquisitions, and returning capital to shareholders [41][42] Question: Future of GTA Online post-GTA VI release - Management indicated that they will continue to support GTA Online, as the community remains engaged and responsive to new content [58] Question: Mobile advertising growth - Management attributed the growth in mobile advertising to the strategic addition of ad units and effective monetization without disrupting user experience [56]

Financial Data and Key Metrics Changes - Emerson's underlying sales growth was 2% year-over-year, with adjusted segment EBITDA margin at 27.7% and adjusted earnings per share at $1.46, reflecting a 6% increase year-over-year [10][19][24] - The backlog ended the quarter at $7.9 billion, up 9% year-over-year, with a book-to-bill ratio of 1.13 [19][63] Business Line Data and Key Metrics Changes - Software and systems reported a 3% underlying sales growth, driven by test and measurement, which grew 11% [19][23] - Intelligent devices grew 2%, while safety and productivity increased by 1% [19][24] - Ovation business saw a significant increase of 74% in orders, driven by large project wins [14][40] Market Data and Key Metrics Changes - North America orders were up 18%, with strong performance in power and LNG sectors [38][97] - The Middle East and Africa experienced a 9% growth, while Europe and China showed ongoing softness [14][38][75] Company Strategy and Development Direction - Emerson aims to return $10 billion to shareholders through share repurchase and dividends, with a focus on organic growth and operational excellence [7][11] - The company is aligned with secular tailwinds such as electrification, energy security, and nearshoring, expecting these to drive growth over the next three years [5][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2026 targets, supported by a good start to the year and operational excellence [10][11] - The company anticipates continued strong demand in North America, India, and the Middle East, while acknowledging challenges in Europe and China [14][75] Other Important Information - Emerson was named the 2026 Industrial IoT Company of the Year, highlighting its leadership in industrial IoT technology [11] - The company released DeltaV version 16, enhancing its software-defined automation vision [12] Q&A Session Summary Question: Can you break down the 9% order growth in Q1 between process and hybrid? - Management noted that power orders were driven by modernization and behind-the-meter power generating capacity at data centers, with significant growth in test and measurement orders [34][36][40] Question: What is the expected impact of AI on software growth? - Management believes AI capabilities will accelerate growth in software offerings, with minimal disruption expected [41][43] Question: Are the orders in power pushing beyond this year into multi-year phases? - Management confirmed confidence in backlog timing supporting sales into 2027, particularly in power and LNG sectors [46][47] Question: What is the outlook for weak verticals like chemicals? - Management indicated continued flat activity in Europe, particularly in chemicals, with a bearish outlook for China [75][76] Question: What is the opportunity in Venezuela? - Management acknowledged a long-established history in Venezuela and plans to mobilize for potential growth, particularly in power generation [104][106] Question: Any updates on tariffs and mitigation activity? - Management reported some positive developments regarding tariffs, particularly with China, while noting challenges with Mexico [115] Question: What are the green shoots in China? - Management highlighted good activity in the test and measurement space and broad portfolio business, despite overall softness [117]

Jacobs Solutions (NYSE:J) Q1 2026 Earnings call February 03, 2026 04:30 PM ET Company ParticipantsBert Subin - SVP of Investor RelationsBob Pragada - Chair and CEOVenkatesh Nathamuni - CFOConference Call ParticipantsAdam Bubes - AnalystAndrew Wittmann - AnalystAndy Kaplowitz - AnalystChad Dillard - AnalystJamie Cook - AnalystJerry Revich - AnalystMichael Dudas - AnalystSabahat Khan - AnalystSangita Jain - AnalystSteven Fisher - AnalystOperatorLadies and gentlemen, thank you for standing by. My name is Krist ...

Skyworks Solutions (NasdaqGS:SWKS) Q1 2026 Earnings call February 03, 2026 04:30 PM ET Company ParticipantsPhilip Brace - CEO and PresidentPhilip Carter - CFO and SVPRaji Gill - Head of Investor RelationsConference Call ParticipantsChristopher Rolland - AnalystEdward Snyder - AnalystGary Mobley - AnalystHarsh Kumar - AnalystJim Schneider - AnalystKarl Ackerman - AnalystLiam Pharr - AnalystPeter Peng - AnalystTimothy Arcuri - AnalystOperatorGood afternoon, and welcome to Skyworks Solutions' first quarter fis ...

Transcat (NasdaqGM:TRNS) Q3 2026 Earnings call February 03, 2026 04:30 PM ET Company ParticipantsJohn Howe - Senior Director of Financial Planning and AnalysisLee Rudow - President and CEOTom Barbato - CFOConference Call ParticipantsGreg Palm - Senior Research AnalystMax Michaelis - Equity Research AnalystTed Jackson - Managing Director and Senior Research AnalystOperatorGood afternoon, ladies and gentlemen. Welcome to the Transcat third quarter fiscal year 2026 financial results conference call. As a remin ...

Financial Data and Key Metrics Changes - Adjusted EPS grew 15% to $1.53, supported by robust 8% net revenue growth and solid underlying margin performance [4][11] - Gross revenue increased 12% year-over-year, and adjusted net revenue grew by more than 8% [10] - Consolidated backlog was up 21% year-over-year to a record $26.3 billion, with trailing 12-month book-to-bill rising to 1.4x [11][12] - Free cash flow for Q1 was $365 million, with a strong underlying performance despite a favorable cash timing item [15][16] Business Line Data and Key Metrics Changes - Life sciences and advanced manufacturing net revenue grew 10% in Q1, driven by strong award activity in data centers and semiconductor sectors [12][13] - Critical infrastructure net revenue increased 8% over Q1 2025, with robust growth in transportation, particularly in rail and aviation [13] - Water and environmental net revenue growth increased sequentially to 4%, driven by high single-digit growth in water [13][14] Market Data and Key Metrics Changes - International business grew over 9%, with broad-based growth in Europe, the Middle East, and APAC [23] - The company is seeing a strong demand for integrated consulting and delivery approaches, particularly in critical infrastructure [9] Company Strategy and Development Direction - The acquisition of the remaining stake in PA Consulting is seen as a key accelerant in the strategy to redefine the asset life cycle [4][10] - The company aims to simplify its structure and produce predictable, high-quality earnings over the long term [10] - Focus on leveraging digital consulting, innovation, and AI advisory to enhance service offerings and drive growth [4][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the updated guidance, citing strong execution and secular growth tailwinds [20] - The company anticipates continued growth in the life sciences and advanced manufacturing sectors, particularly in the second half of the fiscal year [12][14] - Management noted that the government shutdown did not impact their performance, providing confidence in their revenue range [23][24] Other Important Information - The company announced a 12.5% increase in its quarterly dividend from $0.32 to $0.36 per share [16] - The net leverage ratio currently stands just below 0.8x on LTM adjusted EBITDA, well below the target range of 1.0x-1.5x [16] Q&A Session Summary Question: Outlook considering potential government shutdown - Management indicated that the backlog's burn profile and strong wins in life sciences and advanced manufacturing are key drivers for confidence in guidance [23][24] Question: Environmental services business performance - Management highlighted three factors driving improvement: government contracts, disaster relief work transitioning to state and local levels, and increased private sector demand [25][26][28][29] Question: Backlog growth and project complexity - Management confirmed that the risk profile remains unchanged and that they are utilizing the same risk management strategies as in previous years [78][79] Question: PA Consulting acquisition valuation - Management clarified the accounting and economic ownership differences and emphasized the expected accretive nature of the acquisition [81][84] Question: Project pipeline growth by end markets - Management reported strong pipeline growth across water and environmental, life sciences, and critical infrastructure sectors, with varying growth rates [90]

Enphase Energy (NasdaqGM:ENPH) Q4 2025 Earnings call February 03, 2026 04:30 PM ET Company ParticipantsBadri Kothandaraman - President and CEOBrian Lee - Chief Risk OfficerChris Dendrinos - VP of Equity ResearchChristine Cho - Managing DirectorDimple Gosai - Head of US Cleantech ang Sustainability Equity ResearchGus Richard - Managing DirectorMandy Yang - EVP and CFORaghu Belur - SVP, Co-founder, and Chief Products OfficerZach Freedman - VP and Head of Investor RelationsConference Call ParticipantsColin Rus ...

National Research (NasdaqGS:NRC) Q4 2025 Earnings call February 03, 2026 04:30 PM ET Company ParticipantsJordan Freeman - Head of Investor RelationsShane Harrison - CFOTrent Green - CEOOperatorGood afternoon. Thank you for attending today's NRC fourth quarter 2025 results. My name is Victoria, and I'll be your moderator today. I would now like to pass the conference over to Jordan Freeman. Thank you. You may proceed, Jordan.Jordan FreemanWelcome to NRC Health Earnings Conference Call for the fourth quarter ...

Chipotle (NYSE:CMG) Q4 2025 Earnings call February 03, 2026 04:30 PM ET Company ParticipantsAdam Rymer - CFOCindy Olsen - Head of Investor RelationsDanilo Gargiulo - BernsteinDavid Palmer - Senior Managing DirectorJohn Ivankoe - Managing Director and Head of the U.S. Restaurants Equity Research TeamScott Boatwright - CEOSharon Zackfia - Partner and Group Head of the Consumer SectorConference Call ParticipantsAndrew Charles - Managing Director and Equity Research AnalystBrian Mullan - Director and Senior Res ...

Varonis Systems (NasdaqGS:VRNS) Q4 2025 Earnings call February 03, 2026 04:30 PM ET Company ParticipantsGuy Melamed - CFO and COOTim Perz - Head of Investor RelationsYaki Faitelson - CEOConference Call ParticipantsBrian Essex - AnalystFatima Boolani - AnalystJason Ader - AnalystJoseph Gallo - AnalystJoshua Tilton - AnalystJunaid Siddiqui - AnalystMatthew Hedberg - AnalystMeta Marshall - AnalystMike Cikos - AnalystRob Owens - AnalystRoger Boyd - AnalystRudy Kessinger - AnalystSaket Kalia - AnalystShaul Eyal ...