Financial Data and Key Metrics Changes - GlobalFoundries reported fourth quarter revenue of $1.83 billion, an 8% sequential increase and flat year-over-year [28] - Full year revenue reached approximately $6.791 billion, up 1% year-over-year [28] - Gross profit for the fourth quarter was $530 million, translating to a gross margin of approximately 29%, up 300 basis points sequentially and 360 basis points year-over-year [34] - Full year gross margin was 26.1%, an increase of 80 basis points year-over-year [34] - Net income for the fourth quarter was approximately $310 million, resulting in diluted earnings of $0.55 per share [35] Business Line Data and Key Metrics Changes - Smart mobile devices accounted for approximately 36% of fourth quarter revenue, with a 13% sequential decline and an 11% year-over-year decrease [29] - Automotive revenue represented approximately 23% of fourth quarter revenue, increasing 40% sequentially and 3% year-over-year, with full-year revenue growing 17% to a record $1.4 billion [30][31] - Home and industrial IoT represented approximately 17% of fourth quarter revenue, with a 17% sequential increase but a 15% year-over-year decrease [31] - Communications infrastructure and data center revenue grew 29% year-over-year, marking a notable return to growth, with fourth quarter revenue increasing 32% year-over-year [32] Market Data and Key Metrics Changes - The automotive market has seen significant growth, with over 50% more design wins compared to the previous year [20] - Communications infrastructure and data center markets are expected to achieve over 30% year-on-year revenue growth in 2026 [25] - The company expects to reach a $1 billion run-rate revenue level for silicon photonics by the end of 2028, driven by strong customer demand [15] Company Strategy and Development Direction - GlobalFoundries is focusing on three core pillars: technology differentiation, deep customer partnerships, and leveraging a diversified geographical footprint [7] - The company made significant acquisitions in 2025, including AMF and InfiniLink, to enhance its technology differentiation in silicon photonics [7][8] - A commitment to invest $16 billion in the U.S. and EUR 1.1 billion in the Dresden facility to expand manufacturing capabilities [10][11] - The company aims to capitalize on megatrends such as AI data centers, physical AI, and the need for diversified semiconductor supply [11][17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term potential, citing record design win momentum and a strong customer engagement pipeline [25][26] - The company anticipates continued growth driven by the scaling of AI data centers and the proliferation of AI into various applications [12][19] - Management highlighted the importance of addressing bottlenecks in networking and power for the continued scaling of AI [12] Other Important Information - The board of directors authorized a share repurchase of up to $500 million, reflecting confidence in the company's financial position [37] - The company expects total revenue for the first quarter of 2026 to be approximately $1.625 billion, with gross margin around 27% [38][39] Q&A Session Summary Question: Strategy for silicon photonics and differentiation - Management highlighted the strong demand for silicon photonics as a critical enabler for AI data centers, emphasizing their robust process technology and global manufacturing footprint [49][50] Question: Strategy regarding quantum computing - Management expressed excitement about quantum computing, noting partnerships across various modalities and the importance of high-volume manufacturing [54][55] Question: Supply side tightness and CapEx - Management noted strong demand in differentiated technology areas and emphasized capital efficiency in investments, supported by government grants [60][61] Question: Margin structure and OpEx intensity - Management discussed the positive impact of a diversified portfolio on margins and the expected increase in OpEx due to strategic investments in R&D and new technologies [66][68] Question: Synergies between recent acquisitions - Management confirmed synergies between photonics-oriented acquisitions and the broader portfolio, enhancing customer engagement and technology offerings [74]

Angi (NasdaqGS:ANGI) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsAndrew Russakoff - CFOJeffrey W. Kip - CEOConference Call ParticipantsBrad Erickson - Equity Research AnalystCory Carpenter - Equity Research AnalystDan Kurnos - Equity Research AnalystEric Sheridan - Equity Research AnalystMatt Condon - Equity Research AnalystSergio Segura - AnalystStephen Ju - Equity Research AnalystYoussef Squali - Equity Research AnalystOperatorWelcome to the Angi Inc. Fourth Quarter 2025 Earnin ...

Chimera Investment (NYSE:CIM) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsBose George - Managing DirectorEric Hagen - Managing DirectorJack MacDowell - CIOKenneth Lee - Managing DirectorKyle Walker - President and CEOMiyun Sung - CLO and Corporate SecretaryPhil Kardis - President, CEO, and DirectorSubra Viswanathan - CFO and Principal Accounting OfficerTrevor Cranston - Managing DirectorConference Call ParticipantsDoug Harter - Equity Research AnalystOperatorAs a reminder, this c ...

Angi (NasdaqGS:ANGI) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsAndrew Russakoff - CFOJeffrey W. Kip - CEOConference Call ParticipantsBrad Erickson - Equity Research AnalystCory Carpenter - Equity Research AnalystDan Kurnos - Equity Research AnalystEric Sheridan - Equity Research AnalystMatt Condon - Equity Research AnalystSergio Segura - AnalystStephen Ju - Equity Research AnalystYoussef Squali - Equity Research AnalystOperatorWelcome to the Angie Inc. fourth quarter 2025 earni ...

Financial Data and Key Metrics Changes - The company reported earnings per share (EPS) of $4.93 for the year, consistent with expectations, and EBITDA of $635 million, representing an 11.7% margin [10][15] - Free cash flow improved by 71% to $325 million, achieving a cash conversion rate of 147% [15] - Total net sales for Q4 were $1.3 billion, a 6% year-over-year increase, while full-year net sales grew to $5.4 billion [12][13] Business Line Data and Key Metrics Changes - Environmental Solutions segment sales grew 14.1% year-over-year in Q4, driven by utility and refuse trucks, with full-year sales increasing 12.7% [16] - Materials Processing (MP) segment sales decreased by 2.5% in Q4 but increased by 2.8% on a like-for-like basis when excluding divested businesses [17] - Aerials segment saw a 6.9% year-over-year sales growth in Q4, with strong bookings of nearly $1 billion, up 46% from the prior year [18][11] Market Data and Key Metrics Changes - The company noted strong demand in utilities, with industry forecasts predicting 8%-15% annual CapEx growth through 2030 [9] - The construction market is supported by government funding, with a growing pipeline of megaprojects expected to provide tailwinds through at least 2030 [9] - The company has a significant addressable market, collectively spending $200 billion per year on capital equipment across municipalities in the U.S. [9] Company Strategy and Development Direction - The merger with REV Group is seen as a defining milestone, creating a leading specialty equipment manufacturer with premium brands and clear synergies [5][6] - The company aims to achieve $75 million in run-rate synergies within two years, with $37.5 million expected within the next 12 months [7] - A strategic review of the Aerials business is ongoing, with strong inbound interest from potential buyers [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's growth trajectory, citing strong bookings and backlog across segments [20] - The outlook for 2026 anticipates sales growth of approximately 5% on a pro forma basis, with EBITDA expected to grow by about $100 million [20] - The company is navigating a complex environment with macroeconomic variables and geopolitical uncertainties, but remains focused on execution and integration [22] Other Important Information - The effective tax rate for 2026 is expected to be higher at 21%, driven by increased USD income [21] - The company plans to invest over $118 million in capital expenditures to fuel organic growth [24] - The merger has a modest 3% diluted effect on EPS in 2026 due to a higher number of shares outstanding post-merger [21] Q&A Session Summary Question: What is the pricing outlook for the MP segment? - Management indicated that pricing improvements are expected to flow through the P&L, with a progressive step-up in margin profile anticipated throughout 2026 [29] Question: How will tariffs impact the Aerials segment? - Management expects more headwinds from tariffs in 2026, translating to about $16 million more in costs, but plans to offset this through productivity and pricing [31] Question: What is the plan for the REV integration? - The focus is on maintaining throughput and operational momentum, with a strong backlog in the specialty vehicle segment [40] Question: How is the Environmental Solutions segment performing? - The segment recorded outstanding performance, with growth expected to continue, particularly in utilities [42] Question: What is the expected capacity increase in the Utilities business? - The company plans to expand capacity by 20%-30% over the next two years, with some capacity coming online in 2026 [88]

Financial Data and Key Metrics Changes - Adjusted after-tax income per diluted share was $1.96, a 51% increase year-over-year [6] - Underwriting income reached $670 million, an increase of 48% year-over-year [6] - Full-year adjusted after-tax income per diluted share was $7.09, a 43% increase year-over-year [7] - Global commercial net premiums written were $17.4 billion, an increase of 3% year-over-year [7] - The accident year combined ratio was 88.3%, and the calendar year combined ratio was 90.1%, both showing improvements [10][45] Business Line Data and Key Metrics Changes - North America Commercial grew net premiums written by 4% or 5% when adjusted for a large closeout transaction, with balanced growth across the portfolio [8] - International Commercial net premiums written increased by 3%, primarily driven by property and global specialty [8] - Global Personal saw a contraction of 3% in net premiums written due to higher ceded premiums [8] - New business in global commercial grew 9% year-over-year, with international new business up 10% [9] Market Data and Key Metrics Changes - North America property pricing was down 10%, and excess and surplus lines pricing was down 13% for the year [10] - International property pricing was up 3%, while energy pricing was down 10% due to abundant capacity [11] - Overall pricing in North America commercial renewal increased by 6%, with casualty pricing remaining favorable [41][42] Company Strategy and Development Direction - AIG is focused on maintaining disciplined underwriting and capital management while pursuing growth through strategic transactions and technology initiatives [12][17] - The company aims to achieve a sub-30% expense ratio by 2027, with significant progress made in reducing the expense ratio [9][35] - AIG is leveraging GenAI capabilities to enhance underwriting processes and improve operational efficiency [24][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in AIG's financial strength and liquidity to execute strategic objectives and growth ambitions [13] - The company anticipates low- to mid-teens net premiums written growth in General Insurance for 2026, indicating a strong start to the year [30] - Management highlighted the importance of maintaining strong relationships with reinsurance partners and achieving favorable renewal terms [14][15] Other Important Information - AIG returned $6.8 billion in capital to shareholders, including $5.8 billion in share repurchases and $1 billion in dividends [12] - The company achieved a significant milestone by delivering greater than $2 billion in underwriting income for the first time since 2008, excluding divested businesses [7] - AIG's investment strategy has shifted towards higher-yielding assets, resulting in a net investment income increase of 8% year-over-year [11] Q&A Session Summary Question: Insights on the expense ratio outlook - Management indicated that the expense ratio is expected to be lower on a run rate basis in 2026 compared to 2025, with a focus on managing corporate expenses [53][55] Question: Clarification on general insurance net premium growth - Management noted that growth comes from various initiatives, including reinsurance benefits and organic growth, but did not provide specific breakdowns [57][59] Question: Additional details on casualty line margins - Management explained that additional margin in casualty lines is a conservative approach to cover macro uncertainties, not indicative of portfolio deterioration [65][66] Question: Breakdown of interest and dividends in the investment portfolio - Management highlighted a significant transformation in the investment portfolio, with a focus on reinvesting in higher yields [67][68] Question: AI implementation and orchestration layer - Management discussed the progress in AI implementation and the focus on orchestrating multiple agents within the organization for improved efficiency [72][75]

Financial Data and Key Metrics Changes - The company reported a top-line growth of 7.5% for 2025, with adjusted EPS increasing by nearly 19% [4] - For Q4 2025, sales reached $3 billion, up 15%, and adjusted EPS rose by 25% compared to the same quarter last year [7] - The 12-month backlog closed at $8.2 billion, a 7% increase from the prior year, while the multi-year backlog surpassed $27 billion, up 23% [8] Business Line Data and Key Metrics Changes - Equipment sales for Q4 were up 33.5% year-over-year, while services sales were down 5% due to timing of modernization deliveries [19] - Digital Intelligence sales surged by 74.4% from last year, driven by acquisitions [21] - The freight segment saw sales increase by 18.3%, with adjusted operating income up 35.1% [24] Market Data and Key Metrics Changes - In North America, carload traffic was flat, leading to fewer active locomotives, but those in service operated at higher intensity [8] - Internationally, carloads grew robustly in markets like Latin America, Africa, India, and Asia, supported by infrastructure investments [9] - The North American railcar build demand was down to approximately 31,000 cars for 2025, with an expected decline to 24,000 cars in 2026 [9] Company Strategy and Development Direction - The company aims for mid- to high-teens adjusted EPS growth for 2026, marking the sixth consecutive year of such growth [5] - Strategic acquisitions in 2025 are expected to unlock synergies and drive operational efficiencies [5] - The company is focused on fleet modernization, with over 25% of active locomotives being over 20 years old, creating a compelling case for modernization [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong financial position and ability to deliver significant long-term value [6] - The company anticipates continued strong demand for its products and solutions, with a robust pipeline and backlog providing visibility for growth [30] - Management acknowledged challenges from tariffs but emphasized proactive measures to mitigate their impact [89] Other Important Information - The board approved a 24% increase in the quarterly dividend and raised the share buyback authorization to $1.2 billion [6][26] - Cash flow from operations for Q4 was $992 million, resulting in a total of $1.76 billion for the year, with a cash conversion rate of 104% [26] Q&A Session Summary Question: Recent orders and pipeline opportunities - Management confirmed a strong pipeline of opportunities, particularly in international markets, and emphasized customer commitment to fleet investments [38] Question: Components business and offsets for railcar delivery declines - Management noted that all businesses are expected to drive profitable growth, with specific investments in the heat exchanger business providing offsets [42] Question: Cash conversion and guidance rationale - Management highlighted strong cash conversion performance and its importance in guiding the company's financial strategy [44][46] Question: Backlog and new orders - Management clarified that all recent orders are included in the backlog, and they feel confident about the overall guidance despite some headwinds [51][52] Question: EVO modernization product and its market potential - Management indicated that the EVO modernization program is expected to start this year, with significant opportunities due to the aging fleet [76] Question: Tariff impacts and mitigation strategies - Management discussed the growing financial impact of tariffs and outlined a four-pronged approach to mitigate these costs [89]

Radware (NasdaqGS:RDWR) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsGuy Avidan - CFORoy Zisapel - President and CEOYisca Erez - Head of Investor RelationsConference Call ParticipantsChris Reimer - Equity Research AnalystGeorge Notter - Managing Director and Senior Equity Research AnalystJoseph Gallo - Senior Vice President and Equity Research AnalystRyan Koontz - Managing Director and Senior Equity Research AnalystOperatorI must advise you that this call is being recorded today. ...

PolyPid (NasdaqCM:PYPD) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsBrandon Folkes - Managing DirectorDikla Czaczkes Akselbrad - CEOJonny Missulawin - CFOOri Warshavsky - COO for US OperationsYehuda Leibler - Investor RelationsConference Call ParticipantsBoobalan Pachaiyappan - Managing Director and Senior Biotechnology Equity Research AnalystChase Knickerbocker - Senior Equity AnalystJason Butler - Managing Director and Senior Biotechnology Equity Research AnalystOperatorGreetin ...

T-Mobile US (NasdaqGS:TMUS) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsCallie Field - President of Bussiness GroupJohn Saw - EVP and Advanced & Emerging TechnologiesJon Freier - President of Consumer GroupMichael Sievert - CEOMike Katz - President of Marketing , Strategy and ProductsPeter Osvaldik - CFOSrinivasan Gopalan - Board Member for Deutsche TelekomNone - Company RepresentativeNone - Company RepresentativeNone - Video NarratorConference Call ParticipantsBenjamin Swinburne ...