Open Text (NasdaqGS:OTEX) Q2 2026 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsGreg Secord - Head of Investor RelationsJames McGourlay - Interim CEOSteve Rai - EVP and CFOTom Jenkins - Executive Chair and Chief Strategy OfficerConference Call ParticipantsDavid Kwan - Research Analyst in TechnologyGeorge Kurosawa - Equity Research AnalystKarl Keirstead - Managing Director and Senior Equity Research AnalystPaul Treiber - Director and Senior Equity Research AnalystThanos Moschopoulos - Manag ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2026 was $162.3 million, down 6.3% year-over-year and down 11.1% sequentially [4][18] - Non-GAAP gross margin was 22.2%, compared to 24.1% last quarter and 24.2% a year ago [18] - Non-GAAP EPS was a loss of $0.16 per share, compared to a profit of $0.13 last quarter and $0.09 a year ago [20] - Operating cash flow was negative $8.1 million, down from positive $10.2 million in the prior quarter [20][21] Business Line Data and Key Metrics Changes - Computing segment revenue was $80.5 million, representing 49.6% of total revenue, down 17.1% sequentially but up 5.9% year-over-year [10][12] - Consumer segment revenue was down 14.9% year-over-year and down 18.3% sequentially, accounting for 11.8% of total revenue [13][14] - Communication segment revenue was flat year-over-year and increased 1.1% sequentially, representing 20.4% of total revenue [15] - Power supply and industrial segment revenue was down 22.5% year-over-year and down 3% sequentially, accounting for 16.7% of total revenue [16] Market Data and Key Metrics Changes - Demand for PCs is expected to be constrained due to memory shortages, but data center investments are providing an offset [11][57] - The smartphone market is seeing uneven demand from China, while the U.S. market remains strong [15] - The company is experiencing growth in high-performance, medium-voltage solutions for AI data centers [10][9] Company Strategy and Development Direction - The company is transitioning from a component supplier to a provider of application-specific total solutions, focusing on higher performance markets [6][7] - Increased R&D investments are being made in areas with strong customer engagement and clear differentiation [7][40] - The company is monetizing a portion of its equity interests in a joint venture to support strategic investments [8] Management's Comments on Operating Environment and Future Outlook - Management expects the March quarter to be a near-term low point for revenue and margin, with growth returning in the June quarter [17] - The company anticipates modest growth in 2026, with stronger growth expected in 2027 and beyond as new platforms ramp up [17][57] - Management is confident in the ability to penetrate further into the PC and smartphone markets despite memory supply challenges [57] Other Important Information - The company repurchased approximately $13.9 million of shares during the December quarter [5] - CapEx for the quarter was $15 million, with expectations for the March quarter to range from $15 million to $18 million [21] Q&A Session Questions and Answers Question: AI opportunities and GPU track - The AI opportunity is expanding beyond initial expectations, with the company addressing medium-voltage MOSFETs for power conversions [25] Question: Operating expenses normalization - Operating expenses are expected to increase by about $4 million in the March quarter, primarily due to R&D investments [27] Question: Capacity and gross margin - The company is investing in CapEx to prepare for growth in 2026, which may help improve gross margins [30] Question: Gross margin guidance - March quarter guidance reflects lower utilization due to seasonal factors, with expectations for margins to rebound in the June quarter [36] Question: R&D investment specifics - Increased R&D will focus on areas with competitive leverage, including AI applications and smartphone battery protection [40] Question: Revenue return on investment - AI-related revenue could potentially increase to 50% of the computing segment, depending on market penetration [52]

Financial Data and Key Metrics Changes - Preliminary consolidated operating revenue for 2025 is expected to be $3.7 billion, a 7% decrease compared to the prior year [32] - Preliminary operating cash flow for 2025 is approximately $194 million [11][37] - Debt at December 31, 2025, totaled approximately $229 million, resulting in net debt of approximately $116 million, a decrease of about $50 million compared to December 31, 2024 [38] Business Line Data and Key Metrics Changes - ITS segment operating revenue for 2025 is expected to be around $2.2 billion, reflecting a low single-digit year-over-year decrease [33] - Logistics segment operating revenue for 2025 is projected to be approximately $1.6 billion, with a high single-digit year-over-year decrease [34] - Brokerage volumes declined 10% year-over-year in the fourth quarter, with revenue per load down 4% [21] Market Data and Key Metrics Changes - Intermodal volume growth was 1% year-over-year in the fourth quarter, with refrigerated volumes increasing by 150% and Mexico volumes up 33% [13] - Market conditions have remained tighter due to weather, with opportunities for spot market support [22] - Demand and inventory levels remain balanced, with consumer resilience noted [25] Company Strategy and Development Direction - The company is focused on maintaining a strong balance sheet and cash flow profile while investing in equipment, technology, and acquisitions [10] - Capital allocation includes a disciplined approach to capital deployment, returning capital to shareholders through dividends and share repurchases, and evaluating M&A opportunities [28][42] - The company aims to support growth with customers and improve network balance to reduce backhaul costs [17] Management's Comments on Operating Environment and Future Outlook - Management noted that the last year was a continuation of a challenging market cycle, but the company performed well by controlling costs and delivering record service levels [10] - There are positive trends in the marketplace as reflected in improving ISM New Orders and spot market activity [45] - The company believes it is well-positioned for growth in 2026 and beyond, despite some uncertainty in the near term [29][26] Other Important Information - An accounting error was identified that resulted in an understatement of purchased transportation costs and accounts payable, with a total reduction of $77 million recorded during the first nine months of 2025 [31] - The company plans to restate quarterly financial information for Q1, Q2, and Q3 2025 in its 2025 Form 10-K [32] Q&A Session Summary Question: What is the outlook for the intermodal segment in 2026? - Management expressed optimism regarding the 2026 bid cycle, driven by strong service performance and customer engagement [15][16] Question: How is the company addressing the challenges in the dedicated segment? - The company is focusing on operational discipline and service improvements to offset revenue declines from lost sites [18] Question: What are the expectations for capital expenditures in 2026? - Capital expenditures are projected to be between $35 million and $45 million, focusing on technology projects and opportunistic replacements for tractors [41]

IREN (NasdaqGS:IREN) Q2 2026 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsAnthony Lewis - CFOBen Sommers - Equity Research AssociateBrett Knoblauch - Managing DirectorDaniel Roberts - Co-Founder and Co-CEOJohn Todaro - Managing DirectorJoseph Vafi - Managing DirectorKent Draper - CCOMichael Ng - Managing DirectorMike Colonnese - Managing DirectorMike Power - VP of Investor RelationsConference Call ParticipantsDarren Aftahi - Research AnalystMichael Donovan - Senior Research AnalystNick Gi ...

Werner Enterprises (NasdaqGS:WERN) Q4 2025 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsAndrew Cox - Research Associate IIChris Neil - Senior VP of Pricing and Strategic PlanningChris Wikoff - EVP, Treasurer, and CFODerek Leathers - Chairman and CEOJason Seidl - Managing DirectorKen Hoexter - Managing DirectorRavi Shanker - Managing DirectorConference Call ParticipantsBrian Ossenbeck - Managing Director and Senior Analyst of TransportationJordan Alliger - VP and Equity Research Analyst of ...

Affirm (NasdaqGS:AFRM) Q2 2026 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsAdam Frisch - Senior Managing DirectorBryan Keane - Head of North America Payments Processors & IT Services ResearchDan Perlin - Managing DirectorDarrin Peller - Managing DirectorJohn Hecht - Managing DirectorMatt Coad - Equity Research DirectorMax Levchin - Founder and CEOMichael Linford - COONate Svensson - Director in Equity ResearchRayna Kumar - Managing Director and Head of Fintech Equity ResearchReginald Smi ...

Envista (NYSE:NVST) Q4 2025 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsElizabeth Anderson - Senior Managing DirectorEric Hammes - CFOJim Gustafson - VP of Investor RelationsJonathan Block - Managing DirectorKevin Caliendo - Healthcare Equity ResearchLilly Quezada - Senior Branch ManagerPaul Keel - CEOConference Call ParticipantsBrandon Vazquez - Research AnalystJeffrey Johnson - Senior Research AnalystSteven Valiquette - Managing Director and Senior Equity Research AnalystNone - Analyst ...

Financial Data and Key Metrics Changes - The company reported Core FFO per share of $1.86 for Q4 2025 and $7.39 for the full year, representing a 10% increase over 2024 [5][25] - Core FFO per share grew by 8% year-over-year in Q4 2025, reflecting strong core growth and continued growth in fee income [19][25] - Same capital cash NOI growth was 8.6% year-over-year in Q4, driven by an 8.2% increase in data center revenue [26] Business Line Data and Key Metrics Changes - The 0-1 MW-plus interconnection product set posted nearly $340 million in bookings, a record and 35%+ increase over 2024 levels [9] - The company signed leases representing $400 million of annualized rent in Q4, with strong demand for both larger capacity blocks and smaller colocation capacity [20] - The 0-1 MW-plus interconnection category set a new quarterly leasing record of $96 million, 7% higher than the previous record [21] Market Data and Key Metrics Changes - New leasing activity was particularly strong in the Americas, accounting for 65% of bookings in Q4 [20] - Interconnection bookings increased by 22% year-over-year, driven by record bookings in EMEA and momentum within the ServiceFabric product [22] - Hyperscale leasing exceeded $800 million in 2025, indicating strong demand in the Americas [10] Company Strategy and Development Direction - The company aims to evolve its funding strategy to support the growth of hyperscale data center capacity, with over $3.2 billion in LP equity commitments to its closed-end fund [6][31] - The strategy focuses on a global, full-spectrum, and connectivity-rich platform, emphasizing operational excellence and disciplined capital allocation [8] - The company is expanding its footprint in the APAC region, with recent investments in Indonesia and Malaysia to strengthen its presence in fast-growing markets [12][80] Management's Comments on Operating Environment and Future Outlook - Management noted that data centers have gained prominence due to accelerated AI adoption and cloud platform scaling, with power becoming a primary constraint in the industry [8] - The company anticipates continued strong demand for cloud and AI services, with infrastructure needs evolving to support low-latency, secure, and cost-efficient AI workflows [15] - Management expressed confidence in the company's ability to meet future demand, citing a robust backlog of nearly $1.4 billion [23][33] Other Important Information - The company plans to enhance its reporting by transitioning to power-based metrics, aligning occupancy reporting with IT load [26] - The total development pipeline is valued at over $10 billion, with an expected stabilized yield of 11.9% [29] - The company raised EUR 1.4 billion in a dual tranche green Eurobond offering to support its capital needs [30] Q&A Session Summary Question: Insights on hyperscaler activity and bookings - Management noted a significant increase in hyperscaler demand, particularly in Northern Virginia, Charlotte, Atlanta, and Dallas, with customers looking further out for power capacity [38] Question: Context around inference scaling in 2026 - Management indicated that both hyperscale and enterprise businesses are seeing increased demand for AI-related capacity, with a mix of cloud and AI use cases becoming a priority [41] Question: Impact of industry capacity growth on bookings - Management stated that while there is a significant amount of capacity coming online in 2027 and 2028, demand remains strong, and the company is well-positioned to meet this demand [66] Question: Disconnect between public and private data center valuations - Management discussed that asset mix influences valuations and emphasized the company's strong backlog and execution, which positions it well for future growth [72][74] Question: Investments in new markets and interconnection-focused facilities - Management highlighted strategic acquisitions in Malaysia, Indonesia, and Portugal, focusing on network-dense, highly connected assets to support growth [78]

QuinStreet (NasdaqGS:QNST) Q2 2026 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsDoug Valenti - CEOGreg Wong - CFORobert Amparo - VP of Investor Relations and FinanceConference Call ParticipantsEric Martinuzzi - Senior Research AnalystJason Kreyer - Senior Research AnalystPatrick Sholl - Research AnalystZachary Cummins - Senior Equity Research AnalystOperatorGood day and welcome to QuinStreet's fiscal second quarter 2026 financial results conference call. Today's conference is being record ...

Synaptics (NasdaqGS:SYNA) Q2 2026 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsJoe Quatrochi - Managing DirectorKen Rizvi - CFOMunjal Shah - VP and Head of Investor RelationsRahul Patel - President and CEORobert Mertens - Equity Research AssociateConference Call ParticipantsChristopher Rolland - Managing Director and Senior Equity AnalystKevin Cassidy - Senior Research AnalystNeil Young - AnalystPeter Peng - Stock AnalystRoss Seymore - Managing Director and Senior Equity AnalystTom O'Mall ...