Robert Half (NYSE:RHI) Q4 2025 Earnings call January 29, 2026 05:00 PM ET Company ParticipantsHarold Antor - Senior Equity Research AssociateKarthik Mehta - Executive Managing Director and Director of ResearchKeith Waddell - CEOMichael Buckley - CFOTobey Sommer - Managing DirectorConference Call ParticipantsAndrew Steinerman - Managing Director and Senior Equity Research AnalystJeff Silber - Managing Director and Senior Equity Research AnalystKevin McVeigh - Managing Director and Senior Equity Research Anal ...

Apple (NasdaqGS:AAPL) Q1 2026 Earnings call January 29, 2026 05:00 PM ET Company ParticipantsAatif Malik - SVPAmit Daryanani - Senior Managing Director of Equity ResearchBen Reitzes - Managing Director and Head of Technology ResearchDavid Vogt - Managing DirectorErik Woodring - Managing Director of Equity ResearchKevan Parekh - CFOKrish Sankar - Managing DirectorRichard Kramer - Founder and Managing DirectorSuhasini Chandramouli - Director of Investor RelationsTim Cook - CEOConference Call ParticipantsAaron ...

Financial Data and Key Metrics Changes - FinWise Bancorp reported a net income growth of 26% for 2025, with a fourth-quarter net income of $3.9 million and diluted earnings per share of $0.27 [4][17] - Net interest income increased to $24.6 million from $18.6 million in the prior quarter, with a net interest margin rising to 11.42% compared to 9.01% [19] - Non-interest income grew to $22.3 million from $18 million in the previous quarter, primarily due to increases in credit enhancement income [20] Business Line Data and Key Metrics Changes - Loan originations for Q4 totaled $1.6 billion, exceeding guidance of $1.4 billion, bringing full-year originations to $6.1 billion, a 22% year-over-year growth [4][22] - Credit-enhanced product balances reached $118 million, surpassing the $115 million outlook [6] - SBA loan originations decreased quarter-over-quarter due to processing delays, but the environment normalized post-government reopening [15][16] Market Data and Key Metrics Changes - Average interest-bearing deposits rose to $567.4 million from $523.9 million, driven by increased certificates of deposit and non-interest-bearing demand deposits [22] - The company anticipates a quarterly run rate of approximately $1.4 billion in loan originations for Q1 2026, with a projected 5% growth for the full year [22][23] Company Strategy and Development Direction - The company is focused on building durable, long-term growth through strategic partnerships and expanding its credit-enhanced loan portfolio [9][10] - FinWise is exploring AI opportunities to enhance efficiency and automation while safeguarding sensitive data [9][70] - The company aims to maintain a disciplined approach to expense management while pursuing growth opportunities [4][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability of credit trends and the overall performance of the portfolio [11] - The company expects a gradual moderation in non-performing loan migration, with proactive measures taken to manage risk [24][25] - Management views the current economic environment as stable, with solid demand for SBA loans despite recent originations being affected by timing delays [29] Other Important Information - The increase in net charge-offs for Q4 was attributed to refined servicing standards, which are expected to be a one-time event [12][68] - The company is committed to maintaining a positive operating leverage ratio, with revenues expected to grow faster than expenses [65] Q&A Session Summary Question: Opportunities to lower CD funding costs - Management indicated that CD funding costs are tied to wholesale funding and will decrease gradually as the Fed reduces interest rates [26][27] Question: Progression of MoneyRails and BIN Sponsorship potential - Management remains confident in the BIN payments strategy, although timing may be pushed out beyond initial expectations [28] Question: SBA business outlook and originations - Management noted solid demand for SBA loans, with a slight decrease in originations due to timing delays rather than demand issues [29] Question: Surge in non-interest-bearing deposits - The surge was attributed to strategic partners facilitating student loans, requiring collateral deposits [36] Question: Recontracting process with existing partners - Management reported a historically smooth recontracting process, with no significant concerns regarding upcoming renewals [40][41] Question: Impact of fintech obtaining bank charters - Management believes that not all fintechs will benefit from a banking charter, as it may not align with their business models [42][43] Question: Cross-selling products with existing partners - Management highlighted the potential for cross-selling products with existing partners, noting that it does not require the same scale as standalone products [46][47] Question: Clarification on the impact of servicing and administrative standards - The increased provision related to servicing changes was a one-time event, costing approximately $0.08 in earnings per share [68] Question: Examples of AI usage - Management is utilizing AI for coding, quality assurance, and compliance, with a focus on enhancing operational efficiency [70][71]

DXC Technology Company (NYSE:DXC) Q3 2026 Earnings call January 29, 2026 05:00 PM ET Company ParticipantsBrendan Biles - Equity Research AssociatePaul Obrecht - Equity Research AssociateRaul Fernandez - President and CEORob Del Bene - CFORod Bourgeois - Managing Partner and Head of ResearchRoger Sachs - VP of Investor RelationsConference Call ParticipantsAntonio Jaramillo - Equity Research AnalystBryan Bergin - Managing Director and Senior Equity Research AnalystJamie Friedman - Financial Analyst and Valuat ...

Beazer Homes USA (NYSE:BZH) Q1 2026 Earnings call January 29, 2026 05:00 PM ET Company ParticipantsAllan Merrill - Chairman and CEODavid Goldberg - SVP and CFOConference Call ParticipantsJulio Romero - Equity AnalystNatalie Kulasekere - Senior AnalystRohit Seth - Senior Research AnalystTyler Batory - Executive Director and Senior Analyst for Lodging, Leisure, and Residential Real EstateOperatorGood afternoon and welcome to the Beazer Homes earnings conference call for the first quarter ended December 31st, ...

Visa (NYSE:V) Q1 2026 Earnings call January 29, 2026 05:00 PM ET Company ParticipantsChris Suh - EVP and CFODan Perlin - Managing DirectorDarrin Peller - Managing DirectorJennifer Como - SVP and Head of Investor RelationsRyan McInerney - CEOSanjay Sakhrani - Managing DirectorWill Nance - VPNone - Company RepresentativeNone - Company RepresentativeConference Call ParticipantsAdam Frisch - Senior Managing Director and Fundamental Research AnalystAndrew Jeffrey - Research Analyst of Financial Services and Tech ...

DXC Technology Company (NYSE:DXC) Q3 2026 Earnings call January 29, 2026 05:00 PM ET Company ParticipantsBrendan Biles - Equity Research AssociatePaul Obrecht - Equity Research AssociateRaul Fernandez - President and CEORob Del Bene - CFORod Bourgeois - Managing Partner and Head of ResearchRoger Sachs - VP of Investor RelationsConference Call ParticipantsAntonio Jaramillo - Equity Research AnalystBryan Bergin - Managing Director and Senior Equity Research AnalystJamie Friedman - Financial Analyst and Valuat ...

Financial Data and Key Metrics Changes - The company reported growth in adjusted earnings per share despite declines in loan performance and loan volume [14] - Loan unit volume improved to a decline of 9.1% this quarter, compared to a decline of 16.5% last quarter, while loan dollar volume improved to a decline of 11.3% this quarter, versus a decline of 19.4% last quarter [15] - Changes to the forecast of future net cash flows improved, with the rate of decline narrowing from $58.6 million (0.5%) in Q3 2025 to $34.2 million (0.3%) in Q4 2025 [15] Business Line Data and Key Metrics Changes - The company financed nearly 72,000 contracts for dealers and consumers, collecting $1.3 billion overall [14] - The underperformance of the 2024 vintage was primarily related to loans originated prior to the scorecard change during Q3 2024 [14] - The number of active dealers declined by 2.8% year over year, and the average unit volume per active dealer declined by 6.4% year over year [16] Market Data and Key Metrics Changes - The company's market share in the core segment of used vehicles financed by subprime consumers was 4.5% for the first two months of Q4, down from 5.4% for the same period in 2024 [16] - The loan portfolio increased by 1% year over year on an adjusted basis [16] Company Strategy and Development Direction - The company aims to generate dealer and consumer demand by deepening relationships within the dealer network and leveraging data-driven insights [9] - The strategic objectives include empowering dealers through preferred channels and delivering world-class servicing and processing [9] - The CEO emphasized a focus on removing friction for customers and enhancing servicing capabilities through artificial intelligence [8] Management's Comments on Operating Environment and Future Outlook - The management acknowledged the impact of high inflation on subprime consumers and expressed a conservative approach to lending [19] - The CEO highlighted the importance of being customer-focused rather than competitive-focused, aiming to build solutions for large independent and franchise dealers [26] - The management believes the company is well-positioned to serve subprime customers across various economic cycles [37] Other Important Information - The company was named one of America's top 100 Most Loved Workplaces for the second consecutive year, ranking number 6 [12] - The CEO plans to layer technology and a data-informed approach on the company's strong foundation to enhance customer experience [13] Q&A Session Summary Question: How will the new CEO manage credit lending and underwriting? - The CEO plans to take a long-term and conservative approach to lending while continuously improving credit scoring models [19] Question: What is driving the increase in the provision for new originations? - The increase is attributed to the mix between the portfolio and purchase program, with the initial provision on the purchase program being significantly higher [21][22] Question: What is the competitive environment like, given the decline in market share? - The CEO noted that the competitive environment is evolving, with a focus on customer needs rather than competition [26] Question: How does the company view its leverage and capital distributions? - The company maintains its strategy regarding capital allocation and leverage, ensuring sufficient capital for new originations [33] Question: What is the perspective on affordability issues and used car prices? - The CEO believes the company is well-positioned to serve subprime customers regardless of economic cycles, focusing on a frictionless experience [37] Question: What is the outlook on prepayments in the portfolio? - There has been a decline in prepayments, which may indicate customers are staying in their vehicles longer [44]

Credit Acceptance (NasdaqGS:CACC) Q4 2025 Earnings call January 29, 2026 05:00 PM ET Company ParticipantsJay Brinkley - VPJay Martin - CFOJohn Hecht - Managing DirectorVinayak Hegde - CEOConference Call ParticipantsMoshe Orenbuch - Managing Director and Senior AnalystRobert Wildhack - Director and Equity Research AnalystOperatorGood day, everyone, and welcome to the Credit Acceptance Corporation Fourth Quarter 2025 Earnings Call. A webcast recording and transcript of today's earnings call will be made avail ...

Financial Data and Key Metrics Changes - For 2025, the company reported a revenue growth of 17% to a record $12.745 billion, with earnings per share increasing by 29% year-over-year [4][5] - Gross margins and operating margins were maintained at 62.8% and 43.6%, respectively, while free cash flow grew by 30% to $4.4 billion [5][6] - In the December quarter, revenue was $3.3 billion, with non-GAAP diluted EPS at $8.85 and GAAP diluted EPS at $8.68, reflecting a 17% year-over-year revenue growth [6][10] Business Line Data and Key Metrics Changes - The process control systems business revenue grew by 19%, while the service business grew by 15% for the year [6][8] - Advanced packaging revenue reached approximately $950 million for calendar 2025, representing over 70% year-over-year growth [8] - The service business generated $786 million in the December quarter, up 6% sequentially and 18% year-over-year, marking the 16th consecutive year of annual service revenue growth [8] Market Data and Key Metrics Changes - The company expects the core wafer fabrication equipment (WFE) market to grow in the high single- to low double-digit percentages, reaching the low $120 billion range in 2026 [13][14] - Advanced packaging is projected to grow similarly to approximately $12 billion, contributing to a total market forecast in the mid-$130 billion range [14] - China’s WFE market is expected to be flat or slightly positive in 2026, with the company estimating it to be in the mid- to high-$30 billion range [30] Company Strategy and Development Direction - The company is focused on supporting customers, investing in next-generation product development, and executing product roadmaps to drive productivity [15][18] - KLA aims to capitalize on technology transitions and growth drivers in the semiconductor industry, particularly in advanced packaging and process control [18][19] - The company is positioned to benefit from increasing demand for custom silicon and advanced process control solutions [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company’s ability to outperform the market in 2026, driven by rising process control intensity and growth in advanced packaging [17][18] - The first half of 2026 is expected to see mid-single-digit revenue growth compared to the second half of 2025, with accelerating growth anticipated in the latter half [15][17] - Management noted supply constraints impacting growth potential, particularly in the first half of the year, but expressed optimism for the second half [31][50] Other Important Information - The company ended the quarter with $5.2 billion in cash and cash equivalents, and $5.9 billion in debt [12] - The effective tax rate for the quarter was 15%, with expectations for a planning tax rate of 14.5% for 2026 [11][17] - The company’s business model is designed to deliver 40%-50% incremental operating margin leverage on revenue growth over the long run [16] Q&A Session Summary Question: Clarification on WFE growth forecast - The company clarified that its forecast for WFE growth is around $110 billion for 2025, with advanced packaging contributing to a total of low $120s for 2026, differing from peers' higher estimates due to varying definitions of WFE [22][25] Question: Supply constraints impact - Management indicated that supply constraints are primarily due to long lead times for optical components, affecting first-half growth potential, but they expect to see acceleration in the second half of 2026 [48][50] Question: Growth in inspection and patterning - The company expects continued strong growth in inspection and patterning, driven by increased demand for yield and manufacturability, particularly in the context of AI and advanced memory technologies [37][39] Question: Trajectory of gross margins - Management anticipates that March will be the low point for gross margins, with expectations for gradual improvement throughout the year, driven by product mix and volume increases [52][60] Question: DRAM process control intensity - The company noted that DRAM process control intensity is increasing, driven by technological advancements and customer demand for higher performance, but it remains distinct from advanced logic [67][69]