Financial Data and Key Metrics Changes - The company reported record fourth quarter revenues of $488 million, an increase of 11% compared to the prior year period [10] - For the full year, adjusted revenues grew 28% to $1.54 billion, driven by a 35% increase in M&A activities [4][10] - Adjusted EPS for the full year was $2.99 per share, representing a 64% increase from $1.82 per share in 2024 [12] - The adjusted compensation ratio improved by 320 basis points to 65.8% for the full year [9][10] Business Line Data and Key Metrics Changes - M&A accounted for approximately two-thirds of the business mix for both the fourth quarter and full year, with significant growth in capital markets [10] - Capital Structure Advisory (CSA) saw a decline, while M&A and Capital Markets revenues increased [10][68] - The private capital advisory (PCA) business is ramping up, with expectations for more meaningful revenue growth in 2026 [68] Market Data and Key Metrics Changes - The company noted an increase in investor appetite across growth-oriented sectors, contributing to a constructive financing market [5] - The M&A market is expected to broaden across transaction sizes as confidence in larger transformational deals grows [5][26] Company Strategy and Development Direction - The company aims to continue investing in its private capital advisory business, which is seen as an increasingly important pillar [8] - There is a focus on enhancing capabilities in capital structure advisory and liability management, anticipating a long runway of activity due to high leverage across many companies [6][21] - The company is well-positioned to capitalize on the growing demand for GP-led secondaries and restructuring assignments [18][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the transaction environment in 2026, citing strong client activity and a robust pipeline [4][9] - The company is confident in its ability to drive growth while generating operating leverage and delivering sustained value [9] - Management acknowledged the potential impact of geopolitical factors on transaction activities but noted that companies are adapting to uncertainties [30][31] Other Important Information - The board declared a regular quarterly dividend of $0.65 per share and authorized a new share repurchase program of up to $300 million [13][70] - The company maintains a strong balance sheet with $849 million in cash and no debt [13] Q&A Session Summary Question: Broader advisory outlook and sponsor engagement - Management noted an increasing velocity of sponsor deals and expects more activity in the middle market in 2026 [17] Question: Restructuring liability management activity - Management indicated a long runway of companies needing liability management due to high leverage and technology disruption [20] Question: M&A composition and outlook for 2026 - Management expects continued activity in larger transactions while anticipating a resurgence in middle-market deals as financing conditions improve [26][28] Question: Impact of geopolitical factors on transactions - Management acknowledged that geopolitical uncertainties can affect transaction activities but noted that companies are becoming more accustomed to these fluctuations [30][31] Question: Revenue recognition and cadence for 2026 - Management expressed optimism about a constructive environment for transactions, although predicting specific quarterly revenues remains challenging [35] Question: Compensation ratio expectations for 2026 - Management anticipates starting the year with a similar compensation ratio to the previous year, around 65.8% [79]

Lucky Strike Entertainment (NYSE:BOWL) Q2 2026 Earnings call February 04, 2026 05:00 PM ET Speaker2Good afternoon, ladies and gentlemen, and thank you for standing by. My name is Calvin, and I will be your conference operator today. At this time, I would like to welcome everyone to the Lucky Strike Entertainment Q2 2026 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to a ...

Financial Data and Key Metrics Changes - The company reported a constant currency ARR of $2.341 billion, up 9% year-over-year excluding Kepware and ThingWorx, and $2.5 billion, up 8.4% including them [15][4] - Free cash flow grew 13% year-over-year, reaching $267 million, which included $10 million of divestiture costs related to Kepware and ThingWorx [15][4] - The company repurchased $200 million of common stock in Q1 under a $2 billion share repurchase authorization, with plans to repurchase approximately $250 million in Q2 [16][15] Business Line Data and Key Metrics Changes - The company is experiencing strong demand for its Intelligent Product Lifecycle vision, with record deferred ARR under contract and increased seller productivity [10][11] - The divestiture of Kepware and ThingWorx is progressing, with a target close date on or before April 1 [15][4] - The company is embedding AI across its product portfolio, with new functionalities introduced in Codebeamer and Windchill [8][9] Market Data and Key Metrics Changes - The company noted that customers are increasingly seeking AI embedded directly into their trusted systems of record, which is a key differentiator in the market [8][9] - The demand capture has been strong, with a record-setting Q1 for large deal volume and competitive displacements [10][11] Company Strategy and Development Direction - The company is focused on transforming its product lifecycle management through connected systems, enterprise-wide cloud access, and AI integration [6][7] - The strategy emphasizes the importance of leveraging product data to drive better decisions across engineering, manufacturing, and service [6][7] - The company aims to build a more durable, multi-year growth engine through its transformation initiatives [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the transformation and the demand being captured, highlighting the importance of modernizing product development environments [4][12] - The company anticipates a significant increase in deferred ARR starting in Q4 2026, which is expected to positively impact future growth [19][20] - Management acknowledged the challenges of the macroeconomic environment but noted strong demand across various verticals and regions [88][90] Other Important Information - The company raised its fiscal 2026 revenue guidance to a range of $2.675 billion to $2.940 billion and non-GAAP EPS guidance to $6.69 to $9.15 [21][20] - The company expects to return additional capital to shareholders following the divestiture, with net after-tax proceeds expected to be approximately $365 million [16][20] Q&A Session Summary Question: What level of visibility do you have on deferred ARR deals for Q4? - Management indicated that the deferred ARR is triple what was present last Q4, with strong demand capture contributing to this increase [25][62] Question: Are we starting to see more material AI capabilities that could impact demand decisions? - Management confirmed that AI capabilities are being embedded into core products, and while the immediate economic impact is immaterial, it is expected to grow as deployments scale [31][32] Question: Can you parse out the growth mix from expansion versus competitive displacement? - Management noted that the majority of growth is still from expansion, but competitive displacement is also increasing as customers consolidate their systems [39][41] Question: What is the outlook for SaaS demand and customer spending? - Management reported strong momentum for SaaS products, particularly Windchill Plus and Creo Plus, with customers increasingly opting for cloud solutions [50][52] Question: How is the company addressing churn in ServiceMax? - Management acknowledged residual churn but highlighted strong demand capture and cross-sell opportunities as positive indicators for ServiceMax's future [76][78]

SiTime (NasdaqGM:SITM) Q4 2025 Earnings call February 04, 2026 05:00 PM ET Speaker0Good afternoon and welcome to SiTime's fourth quarter 2025 financial results conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask the question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please pres ...

Digi International (NasdaqGS:DGII) Q1 2026 Earnings call February 04, 2026 05:00 PM ET Speaker4Good day everyone, and welcome to Digi International Inc. First Quarter 2026 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To participate, you will need to press *11 on your telephone. You will then hear a message advising your hand is raised. To withdraw your question, simply press *11 again. Pleas ...

DHI Group (NYSE:DHX) Q4 2025 Earnings call February 04, 2026 05:00 PM ET Speaker0Good day and welcome to the DHI Group, Inc. fourth quarter and full year 2025 financial results 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 0. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then 1 on your telephone keypad. To withdraw your que ...

Qualcomm (NasdaqGS:QCOM) Q1 2026 Earnings call February 04, 2026 04:45 PM ET Company ParticipantsAkash Palkhiwala - CFOAlex Rogers - PresidentBen Reitzes - Managing Director and Head of Technology ResearchC.J. Muse - Senior Managing DirectorCristiano Amon - President and CEOMauricio Lopez-Hodoyan - VP of Investor RelationsRoss Seymore - Managing DirectorTimothy Arcuri - Managing DirectorConference Call ParticipantsJoshua Buchalter - Managing Director - Senior Analyst, Semiconductors Equity ResearchSamik Cha ...

Qualcomm (NasdaqGS:QCOM) Q1 2026 Earnings call February 04, 2026 04:45 PM ET Company ParticipantsAkash Palkhiwala - CFOAlex Rogers - PresidentBen Reitzes - Managing Director and Head of Technology ResearchC.J. Muse - Senior Managing DirectorCristiano Amon - President and CEOMauricio Lopez-Hodoyan - VP of Investor RelationsRoss Seymore - Managing DirectorTimothy Arcuri - Managing DirectorConference Call ParticipantsJoshua Buchalter - Managing Director - Senior Analyst, Semiconductors Equity ResearchSamik Cha ...

Financial Data and Key Metrics Changes - The company reported record revenues of $12.3 billion and non-GAAP earnings per share (EPS) of $3.50 for fiscal Q1 2026, with non-GAAP EPS at the high end of guidance [5][17] - QCT revenues reached a record $10.6 billion, with strong year-over-year growth across automotive and IoT segments [17] - Licensing business revenues were $1.6 billion, with an EBT margin of 77%, driven by higher units and favorable mix [17] Business Line Data and Key Metrics Changes - QCT handset revenues reached a record $7.8 billion, benefiting from recently launched flagship smartphones [17] - QCT IoT revenues grew 9% year-over-year to $1.7 billion, driven by demand across consumer and networking products [17] - QCT Automotive revenues grew to $1.1 billion, up 15% year-over-year, reflecting increased demand for Snapdragon Digital Chassis platforms [17] Market Data and Key Metrics Changes - Global consumer demand for handsets, particularly in the premium and high-tier segments, exceeded expectations, with healthy sell-through observed [5] - The handset industry is expected to face constraints due to memory availability and pricing, particularly DRAM, as suppliers redirect capacity to meet AI data center demand [5][6] Company Strategy and Development Direction - The company is focused on expanding its presence in the premium and high-tier smartphone segments, with a dual flagship product strategy that has seen broad OEM adoption [6][7] - The company is also investing in AI-native smartphones and intelligent wearables, positioning Snapdragon platforms as the choice for the industry [7][8] - In automotive, the company aims to reinforce its technology leadership with multiple design wins and collaborations with major automakers [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the fundamentals of the handset business despite near-term challenges related to memory supply and pricing [19] - The company anticipates returning to prior growth trajectories for QCT handset revenues once memory supply normalizes [19] - Management remains optimistic about the long-term growth potential in automotive and IoT, with expectations for continued revenue acceleration [21] Other Important Information - The company completed the acquisition of Alphawave Semi, enhancing its high-speed wire connectivity technologies [15] - The company is actively engaging with leading hyperscalers and cloud service providers to develop data center solutions [14] Q&A Session Summary Question: What factors are driving the weakness in handset outlook beyond memory pricing? - Management indicated that the weakness is entirely related to memory availability, with strong microeconomic indicators and handset demand observed [26][27] Question: Is the automotive revenue growth driven by ADAS wins? - Management confirmed that the automotive pipeline continues to translate into revenue, with new car launches contributing to record revenues [29][30] Question: How is the company managing the memory supply situation? - Management clarified that they do not purchase memory directly but work closely with customers who do, ensuring flexibility with various memory providers [69][70] Question: What is the outlook for the data center business? - Management stated that progress is on track, with positive feedback from engagements with hyperscalers and cloud service providers [35][36] Question: How does the company view the impact of memory shortages on the overall handset market? - Management emphasized that the size of the handset market will be determined by memory availability, with expectations for premium and high-tier segments to remain resilient [40][76]

Cerence (NasdaqGS:CRNC) Q1 2026 Earnings call February 04, 2026 04:30 PM ET Company ParticipantsAman Gupta - Executive Director of Private EquityBrian Krzanich - CEOKate Hickman - VP of Corporate Communications and Head of Investor RelationsTony Rodriquez - CFOConference Call ParticipantsItay Michaeli - Senior AnalystJeffrey Van Rhee - Senior Research AnalystOperatorGood day, and thank you for standing by. Welcome to the Cerence First Quarter 2026 earnings call. At this time, all participants are in listen- ...