Schneider National (NYSE:SNDR) Q4 2025 Earnings call January 29, 2026 04:30 PM ET Company ParticipantsAndrew Cox - Research Associate IIChristyne McGarvey - VP of Investor RelationsDarrell Campbell - EVP and CFOJim Filter - EVP and Group President of Transportation and LogisticsJonathan Chappell - Senior Managing DirectorKen Hoexter - Managing DirectorMark Rourke - President and CEORavi Shanker - Managing DirectorConference Call ParticipantsAri Rosa - Senior AnalystBrian Ossenbeck - Managing Director and Se ...

OSI Systems (NasdaqGS:OSIS) Q2 2026 Earnings call January 29, 2026 04:30 PM ET Company ParticipantsAjay Mehra - EVPAlan Edrick - EVP and CFOSeth Seifman - VP and Equity Research AnsalystConference Call ParticipantsChristopher Glynn - Equity AnalystJeffrey Michael Martin - Managing Director and Senior Research AnalystLawrence Scott Solow - Research AnalystMariana Perez Mora - Research AnalystMichael Joshua Nichols - Senior Research AnalystOperatorThe OSI Systems, Inc. second quarter 2026 conference call. At ...

Financial Data and Key Metrics Changes - Revenue for the second quarter of fiscal 2026 was $3 billion, up 25% year-over-year, driven by strong demand for Nearline drives [12] - Earnings per share (EPS) was $2.13, an increase of 78% year-over-year, exceeding guidance [15] - Gross margin improved to 46.1%, up 770 basis points year-over-year and 220 basis points sequentially [13][14] - Operating income was slightly above $1 billion, translating into an operating margin of 33.8% [14] Business Line Data and Key Metrics Changes - Cloud segment represented 89% of total revenue at $2.7 billion, up 28% year-over-year [13] - Client segment accounted for 6% of total revenue at $176 million, up 26% year-over-year [13] - Consumer segment represented 5% of revenue at $168 million, down 3% year-over-year [13] Market Data and Key Metrics Changes - The company shipped over 3.5 million units of its latest generation ePMR products, offering capacities up to 32 TB [12][8] - The company delivered 215 exabytes (EB) to customers, up 22% year-over-year [12] Company Strategy and Development Direction - The company is focusing on AI and cloud storage solutions, emphasizing high-capacity drives and partnerships with hyperscale customers [7][9] - A strategic investment in Qolab was announced to advance next-generation nanofabrication processes [10] - The company is hosting an innovation day to share updated roadmaps for HAMR and ePMR products [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued demand for storage solutions driven by AI and cloud growth [5][6] - The company anticipates revenue for Q3 fiscal 2026 to be around $3.2 billion, reflecting approximately 40% year-over-year growth [17] - Management highlighted a stable pricing environment and ongoing cost reductions, projecting further gross margin expansion [22][23] Other Important Information - The company returned $1.4 billion to shareholders through share repurchases and dividends since the launch of its capital return program [16] - The board approved a quarterly cash dividend of $12.50 per share, payable on March 18, 2026 [16] Q&A Session Summary Question: Gross margin guidance and durability of incremental margin - Management confirmed a gross margin of 46.1% and guidance of 47%-48%, with incremental margins around 75% [20][22] Question: Purchase orders and pricing strategy - Management indicated strong demand and stable pricing, with long-term agreements in place with top customers [27][28] Question: Customer engagement and contracts - The company has developed a customer-centric approach, resulting in longer-term contracts and improved relationships with hyperscale customers [34] Question: UltraSMR mix and gross margins - Management noted an increasing mix of UltraSMR drives, which are beneficial for both customers and profitability [42][43] Question: Yields and reliability of products - Yields on ePMR products are in the low 90s%, with positive feedback on reliability from customers [46] Question: HAMR roadmap and investments - The company has pulled in the HAMR qualification timeline and expects it to be neutral to accretive to gross margins once ramped [55][77] Question: Revenue per exabyte and mix changes - Revenue per exabyte is driven by strong demand from the cloud segment, with stable pricing trends [81] Question: Cost reductions and future expectations - Current cost reductions are around 10% year-over-year, with potential for further reductions as higher capacity drives are adopted [87]

ResMed (NYSE:RMD) Q2 2026 Earnings call January 29, 2026 04:30 PM ET Company ParticipantsBrett Sandercock - CFOJon Block - Managing Director for Medical Technology and SuppliesMick Farrell - CEO and ChairmanNathan Treybeck - VP of Equity Research for Medical DevicesSalli Schwartz - Chief Investor Relations OfficerConference Call ParticipantsAnthony Petrone - Managing Director and Senior Medical Devices, Diagnostics and Therapeutics Equity Research AnalystBrandon Vazquez - Equity Research Analyst for Healthc ...

Financial Data and Key Metrics Changes - Revenue for the second quarter of fiscal 2026 was $3 billion, up 25% year-over-year, driven by strong demand for Nearline drives [12] - Earnings per share (EPS) was $2.13, an increase of 78% year-over-year [15] - Gross margin improved to 46.1%, up 770 basis points year-over-year and 220 basis points sequentially [13][14] - Operating income was slightly above $1 billion, translating into an operating margin of 33.8% [14] Business Line Data and Key Metrics Changes - Cloud segment represented 89% of total revenue at $2.7 billion, up 28% year-over-year [13] - Client segment accounted for 6% of total revenue at $176 million, up 26% year-over-year [13] - Consumer segment represented 5% of revenue at $168 million, down 3% year-over-year [13] Market Data and Key Metrics Changes - The company shipped over 3.5 million units of its latest generation ePMR products, offering capacities up to 32 TB [12][8] - The company delivered 215 exabytes (EB) to customers, up 22% year-over-year [12] Company Strategy and Development Direction - The company is focusing on AI and cloud storage solutions, emphasizing higher density storage to meet growing demand [7][9] - Strategic investments include a partnership with Qolab to advance next-generation nanofabrication processes [10] - The company is hosting an Innovation Day to share updated roadmaps for HAMR and ePMR products [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued demand for storage solutions driven by AI and cloud growth [5][6] - The company anticipates revenue for Q3 fiscal 2026 to be $3.2 billion, reflecting approximately 40% year-over-year growth [17] - Management expects gross margin to be between 47%-48% in the next quarter [17] Other Important Information - The company returned $1.4 billion to shareholders through share repurchases and dividends since the launch of its capital return program [16] - The board approved a quarterly cash dividend of $12.50 per share, payable on March 18, 2026 [16] Q&A Session Summary Question: Gross margin durability and cost curve - Management indicated that the gross margin is expected to maintain a high incremental margin flow-through, with cost per terabyte decreasing by about 10% year-over-year [19][20][22] Question: Purchase orders and pricing strategy - Management confirmed that they have firm purchase orders with top customers through 2026 and established long-term agreements (LTAs) for 2027 and 2028, reflecting the value delivered to customers [26][27] Question: Customer engagement and contracts - The company has developed a customer-centric approach, deepening relationships with hyperscale customers, resulting in longer-term contracts [34][35] Question: UltraSMR mix and gross margins - The UltraSMR mix has crossed 50% and is expected to increase, positively impacting gross margins due to its software-based nature [41][43] Question: Yields and reliability - Yields on ePMR products are in the low 90s%, with good feedback on reliability, contributing to cost reductions as yields improve [46] Question: HAMR roadmap and customer interest - The company has pulled in the HAMR qualification timeline and is starting qualifications with multiple hyperscale customers [64][74] Question: Investments related to HAMR - Ongoing investments in HAMR are expected to be neutral to accretive to gross margins once ramped up [55][77] Question: Revenue per exabyte and mix changes - Revenue per exabyte is driven by strong demand from the cloud segment, with stable pricing trends [80][82] Question: Cost reductions and future expectations - Current cost reductions are about 10% year-over-year, with potential for increases as higher capacity drives are adopted [86]

Stryker (NYSE:SYK) Q4 2025 Earnings call January 29, 2026 04:30 PM ET Company ParticipantsDavid Roman - Managing DirectorJason Beach - VP of Finance and Head of Investor RelationsJoanne Wuensch - Managing DirectorKevin Lobo - Chair and CEOPatrick Wood - Managing DirectorPreston Wells - CFORichard Newitter - Managing DirectorConference Call ParticipantsCaitlin Roberts - AnalystChris Pasquale - AnalystDanielle Antalffy - AnalystDrew Ranieri - AnalystJeff Johnson - AnalystLarry Biegelsen - Senior AnalystMatt M ...

Stryker (NYSE:SYK) Q4 2025 Earnings call January 29, 2026 04:30 PM ET Company ParticipantsDavid Roman - Managing DirectorJason Beach - VP of Finance and Head of Investor RelationsJoanne Wuensch - Managing DirectorKevin Lobo - Chair and CEOPatrick Wood - Managing DirectorPreston Wells - CFORichard Newitter - Managing DirectorConference Call ParticipantsCaitlin Roberts - AnalystChris Pasquale - Senior Analyst for Medical Devices & SuppliesDanielle Antalffy - AnalystDrew Ranieri - AnalystJeff Johnson - Analyst ...

SkyWest (NasdaqGS:SKYW) Q4 2025 Earnings call January 29, 2026 04:30 PM ET Company ParticipantsCatherine O’Brien - VPChip Childs - President and CEODuane Pfennigwerth - Senior Managing Director, Equity ResearchEric Woodward - Chief Accounting OfficerJohn Godyn - Managing DirectorMike Linenberg - Senior Managing DirectorRob Simmons - CFOWade Steel - Chief Commercial OfficerConference Call ParticipantsSavanthi Syth - Managing Director and Senior AnalystTom Fitzgerald - VP and Equity Research AnalystOperatorHe ...

Financial Data and Key Metrics Changes - SkyWest reported a net income of $91 million, or $2.21 per diluted share for Q4 2025, and a full-year net income of $428 million, or $10.35 per diluted share, reflecting a 31% increase in pre-tax income for the year [4][10] - Total Q4 revenue was $1 billion, down from $1.1 billion in Q3 2025 but up 8% from $944 million in Q4 2024 [10] - Pre-tax income for 2025 was $566 million, up 31% from 2024, with EBITDA reaching $982 million, an increase of over $100 million from the previous year [12] Business Line Data and Key Metrics Changes - Contract revenue for Q4 was $803 million, down from $844 million in Q3 2025 but up from $786 million in Q4 2024 [10][11] - Prorate and charter revenue was $167 million in Q4, flat with Q3 2025 but up from $126 million in Q4 2024 [11] - Leasing and other revenue increased to $54 million in Q4, up from $39 million in Q3 and $32 million in Q4 2024, driven by maintenance services provided to third parties [11] Market Data and Key Metrics Changes - SkyWest Airlines achieved over 250 days of 100% controllable completion in 2025, with over 2,500 daily scheduled departures [7] - The company experienced a modest impact from the government shutdown, with approximately 2,000 canceled flights and 3,000 block hours lost, resulting in a $7 million negative impact on Q4 results [25] Company Strategy and Development Direction - SkyWest announced extensions on key flying agreements, including 40 E175s with United and 13 E175s with Delta, solidifying partnerships and ensuring ongoing revenue stability [6][20] - The company plans to acquire and finance 29 additional E175s by the end of 2028, with a total of nearly 300 E175s expected in service by that time [16][21] - SkyWest aims to enhance service to underserved communities and capitalize on strong demand for its prorate product [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growth possibilities in 2026, anticipating mid-single-digit percentage growth in block hours and earnings per share in the mid-$11 area [17][18] - The company is focused on improving return on invested capital and maintaining a strong balance sheet while pursuing various growth opportunities [16][70] - Management acknowledged challenges in the third-party MRO network but remains committed to enhancing fleet flexibility and operational execution [26][85] Other Important Information - SkyWest reduced its debt by $1 billion over the past three years, ending Q4 with a debt balance of $2.4 billion [13][16] - The company has $265 million of cumulative deferred revenue to be recognized in future periods [12] Q&A Session Summary Question: Impact of FAA cuts and government shutdown - Management acknowledged a strong cancellation rate relative to the industry due to the government shutdown but emphasized the importance of partnerships in mitigating impacts [29][30] Question: Update on encumbered assets - SkyWest has approximately $1.5 billion of unencumbered equipment, with expectations for this to increase as more E175s are paid off [32][33] Question: Aircraft utilization trends - Positive trends in aircraft utilization were noted, with expectations for continued improvement as schedules are optimized for 2026 [39] Question: E175 renewals and contract terms - The terms of the E175 renewals are consistent with previous agreements, reflecting evolving market conditions [42][47] Question: Maintenance expenses and aircraft readiness - Management indicated that maintenance expenses are consistent with previous levels, with 20 aircraft currently in heavy maintenance and expected to return to service soon [51][52] Question: Revenue model and charter business outlook - Demand for charter services remains strong, but aircraft availability limits the ability to capitalize on this demand in 2026 [77][78] Question: Performance compared to mainline partners - SkyWest consistently ranks as a high performer in completion percentages, emphasizing operational execution across multiple partnerships [81][82]

Schneider National (NYSE:SNDR) Q4 2025 Earnings call January 29, 2026 04:30 PM ET Company ParticipantsAndrew Cox - Research Associate IIChristyne McGarvey - VP of Investor RelationsDarrell Campbell - EVP and CFOJim Filter - EVP and Group President of Transportation and LogisticsJonathan Chappell - Senior Managing DirectorKen Hoexter - Managing DirectorMark Rourke - President and CEORavi Shanker - Managing DirectorConference Call ParticipantsAri Rosa - Senior AnalystBrian Ossenbeck - Managing Director and Se ...