Lam Research (NasdaqGS:LRCX) Q2 2026 Earnings call January 28, 2026 05:00 PM ET Speaker9Good day, and welcome to the Lam Research Corporation December 2025 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on a touch-tone phone. To withdraw your question, pl ...

Financial Data and Key Metrics Changes - The company reported record quarterly earnings of $7.4 million or $0.52 per diluted share, an increase of $3.1 million compared to the prior quarter earnings of $4.3 million [43] - The net interest margin was 4.33% for 2025, compared to an industry average of approximately 3.7% [44] - The GAAP gain on sale increased from 3.24% to 3.98% in the fourth quarter, with expectations to trend above 4% in 2026 [45] Business Line Data and Key Metrics Changes - The credit card program experienced a transaction volume of approximately $99 million in the fourth quarter, down from $130 million in the previous quarter due to fraud prevention measures [6][11] - The SBA division had a record year for production, with a healthy pipeline going into the new year [45] - The company anticipates significant growth in non-interest-bearing deposits from the Bold Bets PPA product, which is now launched [44] Market Data and Key Metrics Changes - Credit cards account for about 30% of all payments in the U.S., which amounts to approximately $6 trillion annually [15] - The company noted that there are about 28 legal sports betting apps across the country, with customers using 20 of them [13] Company Strategy and Development Direction - The company is focusing on enhancing its gaming fintech operations, particularly through the Bold Bets and PPA product, which allows players to create and fund wagering accounts via a mobile app [18][19] - A significant reorganization of the credit card operations has been undertaken to improve efficiency and customer engagement [41] - The company aims to replace $400 million in deposits with more SBA originations and guaranteed loan sales [38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to handle growth in the credit card program, projecting potential growth from $400 million to $800 million in originations within a year [59] - The company is optimistic about the future of the Bold Bets app, noting that it has received positive feedback from users [76] - Management highlighted the importance of fraud prevention measures and the successful implementation of new systems to enhance customer onboarding [46] Other Important Information - The company sold off about $52 million in investment securities during the quarter, which included both available for sale and held to maturity investments [47] - Recent interest rate changes have tightened spreads, prompting management to move into securities that better protect the organization in a declining rate environment [48] Q&A Session Summary Question: Can you provide insight into the potential for credit card interchange volumes this year? - Management indicated that while they are not providing specific guidance, they expect significant growth, potentially doubling from $400 million to $800 million in originations [59][60] Question: Should we expect continued improvement in gain on sale margins for the SBA platform? - Management confirmed that they expect growth to continue, supported by incentivizing their team with stock options to achieve higher GAAP gain on sale [62] Question: Was there any change in the Q factor for the ACL that drove the negative provision? - Management noted adjustments to the Q factors based on historical analysis, which indicated that additional reserves on the SBA portfolio were no longer necessary [65][66]

Levi Strauss & Co (NYSE:LEVI) Q4 2025 Earnings call January 28, 2026 05:00 PM ET Speaker9Good day, ladies and gentlemen, and welcome to the Levi Strauss & Company fourth quarter fiscal year-end earnings conference call for the period ending November 30, 2025. All parties will be in a listen-only mode until the question and answer session, at which time instructions will follow. This conference call is being recorded and may not be reproduced in whole or in part without written permission from the company. T ...

Adtalem Global Education (NYSE:ATGE) Q2 2026 Earnings call January 28, 2026 05:00 PM ET Speaker4...Welcome to the Adtalem Global Education second quarter 2026 earnings. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Jay S ...

Houlihan Lokey (NYSE:HLI) Q3 2026 Earnings call January 28, 2026 05:00 PM ET Speaker6Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Houlihan Lokey's third quarter fiscal year 2026 earnings conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. Please note that this conference call is being recorded today, January 28, 2026. I will now turn the call over to the company.Speaker2Thank you, operator, ...

CONMED (NYSE:CNMD) Q4 2025 Earnings call January 28, 2026 04:30 PM ET Company ParticipantsPatrick Beyer - President and CEOTodd Garner - EVP and CFOConference Call ParticipantsMatthew O'Brien - AnalystMike Matson - AnalystRobbie Marcus - AnalystTravis Steed - AnalystVik Chopra - AnalystYoung Li - AnalystOperatorGood day, and thank you for standing by. Welcome to CONMED's Fourth Quarter Fiscal 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's present ...

Meta Platforms (NasdaqGS:META) Q4 2025 Earnings call January 28, 2026 04:30 PM ET Company ParticipantsKenneth Dorell - Director of Investor RelationsMark Mahaney - Senior Managing DirectorMark Zuckerberg - CEOSusan Li - CFOConference Call ParticipantsKen Gawrelski - Managing Director and Senior Internet AnalystOperatorGood afternoon. My name is Krista, and I will be your conference operator today. At this time, I would like to welcome everyone to the Meta Fourth Quarter and Full Year 2025 Earnings Conferenc ...

Canadian Pacific Kansas City (NYSE:CP) Q4 2025 Earnings call January 28, 2026 04:30 PM ET Company ParticipantsChris Wetherbee - Managing Director and Head of Transportation and Shipping ResearchChris de Bruyn - VP of Capital MarketsJohn Brooks - EVP and CMOJonathan Chappell - Senior Managing DirectorKeith Creel - President and CEOKen Hoexter - Managing DirectorKonark Gupta - Director of Equity ResearchMark Redd - EVP and COONadeem Velani - EVP and CFORavi Shanker - Managing DirectorWalter Spracklin - Direct ...

Financial Data and Key Metrics Changes - In Q4 2025, total revenue was $59.9 billion, up 24% year-over-year, or 23% on a constant currency basis [16] - Total expenses for Q4 were $35.1 billion, up 40% compared to last year, driven by employee compensation, legal expenses, and infrastructure costs [16] - Operating income for Q4 was $24.7 billion, representing a 41% operating margin, with net income at $22.8 billion or $8.88 per share [17] - Free cash flow was $14.1 billion, with cash and marketable securities totaling $81.6 billion and debt at $58.7 billion [17] Business Line Data and Key Metrics Changes - Family of Apps revenue in Q4 was $58.9 billion, up 25% year-over-year, with ad revenue at $58.1 billion, up 24% [14] - Reality Labs revenue was $955 million, down 12% year-over-year, attributed to the previous year's introduction of Quest 3S [15] Market Data and Key Metrics Changes - The total number of daily active users across Meta's apps exceeded 3.5 billion, with over 2 billion daily active users on Facebook and WhatsApp [4] - Instagram Reels saw watch time increase by more than 30% year-over-year in the U.S. [18] Company Strategy and Development Direction - The company is focusing on AI-driven performance gains and plans to roll out new AI models and products in 2026 [4][10] - Investments are being directed towards glasses and wearables, with Reality Labs expected to gradually reduce losses while enhancing profitability [10] - The company aims to build personal superintelligence and improve user experiences through advanced recommendation systems [6][12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about 2026 being a year of significant AI advancements and product rollouts [11][13] - The company is navigating legal and regulatory challenges, particularly in the EU and U.S., which could impact financial results [36] Other Important Information - The company plans to invest significantly in infrastructure to support AI initiatives and expects to maintain a strong cash flow to fund these investments [33][34] - The guidance for Q1 2026 total revenue is projected to be between $53.5 billion and $56.5 billion, with a 4% foreign currency tailwind expected [34] Q&A Session Questions and Answers Question: Long-term revenue opportunities from AI investments - Management indicated that while the focus is on improving core products and accelerating current business, new business opportunities will emerge from AI advancements [39][41] Question: Near-term revenue growth drivers for 2026 - Management highlighted strong demand from advertisers and improvements in ad performance as key drivers for revenue growth in 2026 [45][46] Question: Internal compute capacity and its impact on ads business - Management acknowledged ongoing capacity constraints but expects to increase compute resources significantly in 2026 [49][50] Question: Progress on Meta Superintelligence Labs and frontier models - Management noted that while early indicators are positive, the development of models is a long-term effort [66][68] Question: Opportunities beyond ads, such as subscriptions - Management confirmed that while ads will remain the primary growth driver, there is a focus on exploring additional revenue streams beyond advertising [73][74] Question: Acceleration in e-commerce activity - Management reported healthy year-over-year growth across all verticals, with online commerce being the largest contributor [75][77]

Landstar System (NasdaqGS:LSTR) Q4 2025 Earnings call January 28, 2026 04:30 PM ET Company ParticipantsAndrew Cox - Research Associate IIFrank Lonegro - President and CEOJason Seidl - Managing DirectorJim Applegate - VP 2 and Chief Corporate Sales, Strategy, and Specialized Freight OfficerJim Todd - VP 1 and CFOMatt Miller - VP 3 and Chief Safety and Operations OfficerPaul Stoddard - VP of Equity ResearchStephanie Moore - SVP of Equity ResearchConference Call ParticipantsBascome Majors - Senior Equity Resea ...