Financial Data and Key Metrics Changes - Revenue for Q3 fiscal 2026 was $74.6 million, an increase from $62.7 million in the prior quarter and $68.7 million in the same quarter last year [23] - GAAP gross margin for Q3 was 38.8%, up from 37.6% in the prior quarter but down from 40.6% in the same quarter last year [25] - GAAP net loss for Q3 was $27.8 million, or a loss of $2.03 per share, compared to a net loss of $46.5 million in the previous quarter and $75.3 million in the same quarter last year [30] - Non-GAAP loss for Q3 was $4.9 million, or a loss of $0.36 per share, an improvement from a loss of $7.1 million in the prior quarter and $7.8 million in the same quarter last year [32] - Adjusted EBITDA for Q3 improved to $2.9 million from $0.5 million in the prior quarter and $0.8 million in the same quarter last year [33] Business Line Data and Key Metrics Changes - Tape sales doubled quarter-over-quarter, driven by demand for cost-effective storage solutions [15] - The services business has been in contraction, but there are indications it may flatten out as execution improves [44] Market Data and Key Metrics Changes - The company reported a strong backlog of over $20 million, significantly above the historical run rate of $8 million to $10 million [24] - Pricing for critical components has doubled or tripled recently, affecting the entire industry [10] Company Strategy and Development Direction - The company is focusing on strengthening its financial foundation through restructuring initiatives and reducing term debt by approximately 50% [7] - Quantum is positioning itself to leverage its expertise in tape storage as demand for cost-effective data solutions increases [13] - The sales model in North America has been realigned to mirror successful strategies used in EMEA, enhancing focus and execution [20] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding Q4 forecasts due to supply chain challenges, emphasizing that the uncertainty lies in fulfillment and shipping rather than demand [12][36] - The company is optimistic about long-term margins returning to the 40% range once supply chain issues stabilize [60] Other Important Information - The company has appointed a new CFO, William White, who is expected to contribute to the financial strategy and operations [22] Q&A Session Summary Question: What is behind the contraction in primary storage systems? - Management noted that the year started slowly, but there has been strength across all product lines in Q3, indicating confidence in primary storage [42] Question: Is the elevated backlog driven more by demand or component availability? - Management confirmed that demand is strong, and while there are component shortages, the backlog is growing faster than anticipated [43] Question: Can the services business potentially flatten out? - Management indicated that execution issues and discounting practices have affected services, but improvements are expected [44] Question: What should be expected for gross margins in Q4? - Management stated that the current environment makes it difficult to guide margins, but maintaining Q3 levels would be a good achievement [46][47] Question: Where is the demand for tape sales coming from? - Management highlighted that demand is strong across the board, particularly as customers migrate back from the cloud to on-premise storage solutions [52]

NANO Nuclear Energy (NasdaqCM:NNE) Q1 2026 Earnings call February 17, 2026 05:00 PM ET Company ParticipantsJaisun Garcha - CFOJames Walker - CEOJay Yu - Chairman and PresidentMatthew Barry - VP of Investor RelationsConference Call ParticipantsJeff Grant - AnalystNate Pendleton - AnalystSameer Joshi - AnalystSherif Elmaghraby - AnalystSubash Chandra - AnalystOperatorGreetings, and welcome to the Nano Nuclear Q1 2026 Financial Results and Business Update call. At this time, all participants are on a listen-on ...

Axcelis Technologies (NasdaqGS:ACLS) Q4 2025 Earnings call February 17, 2026 05:00 PM ET Company ParticipantsCraig Ellis - Senior Managing DirectorDavid Duley - Managing PrincipalDavid Ryzhik - SVP of Investor Relations and Corporate StrategyJamie Coogan - EVP and CFOJed Dorsheimer - Group Head Energy ResearchRussell Low - President and CEOConference Call ParticipantsChristian Schwab - Senior Research AnalystDenis Pyatchanin - Research AnalystDuksan Jang - Equity Research AnalystJack Egan - Equity Research ...

Financial Data and Key Metrics Changes - The company reported Q4 2025 revenue of $238 million and non-GAAP earnings per diluted share of $1.49, both exceeding expectations [5][23] - For the full year 2025, GAAP gross margin was 44.9% and non-GAAP gross margin was 45.2%, reflecting a 30 basis point increase year-over-year despite lower revenue [24] - Free cash flow for the full year 2025 was $107 million, indicating strong cash generation capabilities [25] Business Line Data and Key Metrics Changes - Systems revenue in Q4 was $156 million, while CS&I revenue reached a record $82 million, driven by strong demand for upgrades [18] - CS&I revenue grew 14% year-over-year for the full year, supported by strategic initiatives to enhance adoption of upgrades and service contracts [19] - In the memory market, demand improved sequentially for DRAM and HBM applications, with expectations for continued momentum into 2026 [12] Market Data and Key Metrics Changes - Revenue from China decreased to 32% of total revenue in Q4, down from 46% in the prior quarter, as customers digested previous investments [19] - For the full year 2025, revenue from China was 42% of total revenue, while the U.S. accounted for 16% and Korea for 13% [20] - The company anticipates flat to slightly down revenue from China in 2026, as customers continue to build out capacity [72] Company Strategy and Development Direction - The company is focused on integration planning with Veeco, expecting to close the merger in the second half of 2026, which is anticipated to unlock greater value for stakeholders [7][31] - Long-term strategies include capitalizing on secular trends driven by AI and electrification, with expectations for growth in memory and power semiconductor markets [17][31] - The introduction of the Purion H6, a next-generation high current ion implanter, is part of the company's strategy to enhance product offerings [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in long-term demand for silicon carbide applications, particularly in electric vehicles and other sectors [10] - The company expects memory business growth driven by AI-related demand, while power and general mature markets may see slightly lower year-over-year revenue [16][28] - Management highlighted the importance of improving utilization rates among customers as a positive sign for future capacity investments [48] Other Important Information - The company repurchased approximately $121 million of shares in 2025, with $110 million remaining under the share repurchase program [25] - The anticipated tax rate for the full year 2026 is approximately 15% [30] Q&A Session Summary Question: Insights on memory market and capacity expansion - Management noted that DRAM demand is increasing, driven by AI, but clean room space is currently a limiting factor for capacity expansion [34][35] Question: Details on CS&I and silicon carbide conversion - Only a small part of the installed base has transitioned from 150mm to 200mm, indicating significant market potential for upgrades [38] Question: Strong bookings and segment growth - Bookings have matched historical trends, with general mature and power markets being the main contributors, despite a recent bump in memory [46] Question: Revenue outlook for 2026 - Management expects flat to slightly down revenue year-over-year, with memory growth offsetting declines in other segments [47][72] Question: Impact of long-term contracts on order patterns - The company typically operates on short order cycles but receives multi-quarter forecasts from customers, which are generally reliable [89]

5E Advanced Materials (NasdaqGS:FEAM) Q2 2026 Earnings call February 17, 2026 05:00 PM ET Speaker0Good afternoon. Thank you for joining us today for 5E Advanced Materials fiscal second quarter conference call. During this call, management will be referencing our Form 10-Q that can be found in the Investor Relations section of our website. For a copy of our Form 10-Q, you may contact PRA Communications at team@pracommunications.com or go to our Investor Relations page on our website. As a reminder, the remar ...

PetVivo (OTCPK:PETV) Q3 2026 Earnings call February 17, 2026 05:00 PM ET Speaker1Good afternoon, everyone. Thank you for joining us today to discuss our results for our third quarter and first nine months of fiscal 2026, ended December 31, 2025. Hosting our call today is our Chief Executive Officer, John Lai, and our Chief Financial Officer, Garry Lowenthal, as well as myself, John Dolan, PetVivo's Chief Business Development Officer and General Counsel. Following our remarks, we'll open the call to your que ...

McCormick & Company (NYSE:MKC) 2026 Conference February 17, 2026 05:00 PM ET Company ParticipantsAndrew Lazar - Managing DirectorBrendan Foley - Chairman, President, and CEOMarcos Gabriel - CFONone - Video Narrator 1None - Video Narrator 2ModeratorMcCormick would like to remind you that today's discussion will refer to certain non-GAAP financial measures. The nature of those non-GAAP financial measures and the related reconciliations to the GAAP results are included in the company's materials. Additionally, ...

Financial Data and Key Metrics Changes - Revenue for Q3 2026 was $74.6 million, an increase from $62.7 million in the prior quarter and $68.7 million in the same quarter last year [14] - GAAP gross margin improved to 38.8% from 37.6% in the prior quarter but decreased from 40.6% in Q3 2025 [16] - GAAP net loss narrowed to $27.8 million, or a loss of $2.03 per share, compared to a net loss of $46.5 million in the previous quarter and $75.3 million in the year-ago quarter [19] - Non-GAAP loss for the quarter was $4.9 million, or a loss of $0.36 per share, an improvement from a loss of $7.1 million in the prior quarter [20] Business Line Data and Key Metrics Changes - Tape sales doubled quarter-over-quarter, driven by demand for cost-effective storage solutions [10] - The services business has been in contraction but showed signs of stabilization, with management indicating potential flattening of contraction [30] Market Data and Key Metrics Changes - The company reported a strong backlog of over $20 million, significantly above the historical run rate of $8 million to $10 million, indicating robust demand [15] - Component availability issues are impacting the entire industry, with prices for critical components doubling or tripling recently [6] Company Strategy and Development Direction - The company is focusing on strengthening its balance sheet and has successfully reduced term debt by approximately 50% through a debt exchange [5] - Quantum is positioning itself to leverage its Scalar tape libraries and ActiveScale storage solutions to meet the growing demand for data storage amid rising costs of flash and disk [9] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding Q4 forecasts due to supply chain challenges, emphasizing that the uncertainty lies in fulfillment and shipping rather than demand [7][22] - The company is optimistic about long-term margins returning to the 40% range once supply chain issues stabilize [47] Other Important Information - The company has undergone restructuring initiatives that have lowered its cost structure and improved operational efficiencies [21] - The newly appointed CFO, Will White, is expected to contribute to the company's financial strategy and operations [13] Q&A Session Summary Question: Insights on primary storage systems performance - Management noted a slow start to the year but observed strength across all product lines in Q3, indicating confidence in primary storage recovery [28] Question: Backlog composition and drivers - The elevated backlog is driven by strong demand, although there are some component shortages; management expects the backlog to remain healthy [29] Question: Services business contraction - Management indicated that execution issues and discounting practices have affected service performance, but improvements are anticipated [31] Question: Gross margin expectations for Q4 - Management acknowledged the challenges posed by rising component prices and indicated that maintaining Q3 margins would be a good achievement [34] Question: Demand for tape sales - Demand for tape is strong across various sectors, with customers migrating data back from the cloud to on-premise solutions due to storage constraints [38] Question: Multimillion-dollar deals in backlog - The multimillion-dollar deals are primarily with hyperscalers, reflecting increased order sizes and a combination of products [41]

NANO Nuclear Energy (NasdaqCM:NNE) Q1 2026 Earnings call February 17, 2026 05:00 PM ET Speaker6Greetings, and welcome to the NANO Nuclear First Quarter 2026 Financial Results and Business Update call. At this time, all participants are on a listen-only mode. Question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your hos ...

Leslie's (NasdaqGS:LESL) Q1 2026 Earnings call February 17, 2026 05:00 PM ET Speaker3Good afternoon, and welcome to the fiscal first quarter 2026 earnings conference call for Leslie's. At this time, all participants are in a listen-only mode. Following the prepared remarks, management will conduct a question-and-answer session. If you require any operator assistance during the conference call, please press star zero on your telephone keypad. As a reminder, this conference call is being recorded and will be ...