Latest news with #Q1Fiscal2026
Yahoo
a day ago
- Business
- Yahoo
Hive Digital quarterly mining revenue is up 44.9% from previous quarter, HPC is up 59.8%
Hive Digital (HIVE) posted revenue of $45.6 million for the quarter ended June 30 (Q1 Fiscal 2026). Average hashrate rose 45% from the previous quarter to 8.9 EH/s. Mining revenue accounted for $40.8 million of total revenue, up 44.9% from the prior quarter as average mining hashrate climbed from 5.9 EH/s to 8.7 EH/s and Bitcoin prices ticked higher. High-performance computing hosting under BUZZ HPC generated $4.8 million, a 59.8% sequential gain. Enjoying the read? Get our newsletter directly to your inbox on all things Bitcoin-equities by clicking here. HIVE mined 406 Bitcoin during the quarter, 34% more than in fiscal Q4 2025, despite a 10.2% increase in network difficulty. Direct costs totaled $29.8 million, yielding a gross operating margin of 34.7%. The company ended the period with $71.9 million in cash and crypto and maintained operations across Canada, Sweden and time of publication, HIVE is up 1.4% from yesterday's close. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Anterix Inc (ATEX) Q1 2026 Earnings Call Highlights: Strong Financial Position and Strategic ...
Cash Position: Approximately $41 million at the end of Q1 fiscal 2026. Contracted Proceeds: Approximately $140 million outstanding, with $70 million expected in fiscal 2026, mostly in Q4. Total Gain: $35 million, including $34 million from exchanging narrow bands for broadband licenses and $1 million from the sale of broadband licenses. Operating Expense Reduction: 20% reduction in operating expenses over the last year. Spectrum Clearing: Over 80% of incumbents cleared within the spectrum band, with licenses delivered or applicable in approximately 90% of U.S. counties. Warning! GuruFocus has detected 3 Warning Sign with ATEX. Release Date: August 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Anterix Inc (NASDAQ:ATEX) has launched an oversubscribed accelerator program with engagements exceeding $500 million in potential contract value, surpassing the initial $250 million of matching funds. The company is operating from a position of strong financial strength, ending Q1 debt-free with a healthy cash position of approximately $41 million. Anterix Inc (NASDAQ:ATEX) has achieved a 20% reduction in operating expenses, enhancing efficiency and capital flexibility. The company has cleared over 80% of incumbents within its spectrum band, allowing for broadband licenses in approximately 90% of all U.S. counties. Seven utilities are deploying 900 megahertz private LTE at scale, representing the fifth largest wireless network footprint in the U.S., validating the technology's effectiveness. Negative Points The stock price does not reflect the company's progress and market enthusiasm, indicating a disconnect between perceived and actual value. There is uncertainty regarding the timing of gains from narrowband to broadband license exchanges due to dependency on FCC approvals. The strategic alternatives process is active but passive, suggesting limited immediate opportunities for significant strategic partnerships or acquisitions. One utility dropped out of the demonstrated intent scorecard, although the company maintains it hasn't lost any opportunities. The company faces challenges in aligning the timing of spectrum clearing and license applications with utility customer requests, impacting revenue recognition. Q & A Highlights Q: With roughly 10% of narrowband broadband license exchanges remaining, what's the potential gain when that happens, and does it change if you get a five-by-five report in order? A: (Timothy Gray, CFO) We have the ability to apply for broadband licenses in 90% of U.S. counties. Gains from these licenses should represent over $1 billion over time, appearing in the income statement as we obtain them. The timeline for these gains depends on the FCC's approval process and utility customer requests. Q: What happens to the spectrum when utilities drop out of the pipeline in a region? A: (Ryan Gerbrandt, COO) We haven't lost anything. The change in the demonstrated intent scorecard reflects personnel changes at utilities, not a loss of opportunity. We continue to build relationships with new utility executives to maintain momentum. Q: How do you address the dichotomy between an oversubscribed accelerator program and a stock price that doesn't reflect that? A: (Scott Lang, CEO) The lack of announcements doesn't mean a lack of progress. Utilities are methodical, and these contracts, which are substantial, take time. The value of our assets and the uniqueness of our offering are significant, and the first seven customers have de-risked the process for future customers. Q: Are utilities in the accelerator program viewing this as a scarce resource? A: (Scott Lang, CEO) Yes, utilities see it as a scarce resource and are eager to engage. The alternatives are costly, and our proven value proposition is compelling. We have allocated appropriate funds to support these engagements. Q: Is the strategic alternatives process active or on the back burner? A: (Scott Lang, CEO) It's active but passive in terms of serious negotiations due to our current valuation. The strategic value of our solution is recognized, and discussions are ongoing with parties interested in participating in our journey. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
3 days ago
- Business
- Yahoo
Anterix Inc (ATEX) Q1 2026 Earnings Call Highlights: Strong Financial Position and Strategic ...
Cash Position: Approximately $41 million at the end of Q1 fiscal 2026. Contracted Proceeds: Approximately $140 million outstanding, with $70 million expected in fiscal 2026, mostly in Q4. Total Gain: $35 million, including $34 million from exchanging narrow bands for broadband licenses and $1 million from the sale of broadband licenses. Operating Expense Reduction: 20% reduction in operating expenses over the last year. Spectrum Clearing: Over 80% of incumbents cleared within the spectrum band, with licenses delivered or applicable in approximately 90% of U.S. counties. Warning! GuruFocus has detected 3 Warning Sign with ATEX. Release Date: August 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Anterix Inc (NASDAQ:ATEX) has launched an oversubscribed accelerator program with engagements exceeding $500 million in potential contract value, surpassing the initial $250 million of matching funds. The company is operating from a position of strong financial strength, ending Q1 debt-free with a healthy cash position of approximately $41 million. Anterix Inc (NASDAQ:ATEX) has achieved a 20% reduction in operating expenses, enhancing efficiency and capital flexibility. The company has cleared over 80% of incumbents within its spectrum band, allowing for broadband licenses in approximately 90% of all U.S. counties. Seven utilities are deploying 900 megahertz private LTE at scale, representing the fifth largest wireless network footprint in the U.S., validating the technology's effectiveness. Negative Points The stock price does not reflect the company's progress and market enthusiasm, indicating a disconnect between perceived and actual value. There is uncertainty regarding the timing of gains from narrowband to broadband license exchanges due to dependency on FCC approvals. The strategic alternatives process is active but passive, suggesting limited immediate opportunities for significant strategic partnerships or acquisitions. One utility dropped out of the demonstrated intent scorecard, although the company maintains it hasn't lost any opportunities. The company faces challenges in aligning the timing of spectrum clearing and license applications with utility customer requests, impacting revenue recognition. Q & A Highlights Q: With roughly 10% of narrowband broadband license exchanges remaining, what's the potential gain when that happens, and does it change if you get a five-by-five report in order? A: (Timothy Gray, CFO) We have the ability to apply for broadband licenses in 90% of U.S. counties. Gains from these licenses should represent over $1 billion over time, appearing in the income statement as we obtain them. The timeline for these gains depends on the FCC's approval process and utility customer requests. Q: What happens to the spectrum when utilities drop out of the pipeline in a region? A: (Ryan Gerbrandt, COO) We haven't lost anything. The change in the demonstrated intent scorecard reflects personnel changes at utilities, not a loss of opportunity. We continue to build relationships with new utility executives to maintain momentum. Q: How do you address the dichotomy between an oversubscribed accelerator program and a stock price that doesn't reflect that? A: (Scott Lang, CEO) The lack of announcements doesn't mean a lack of progress. Utilities are methodical, and these contracts, which are substantial, take time. The value of our assets and the uniqueness of our offering are significant, and the first seven customers have de-risked the process for future customers. Q: Are utilities in the accelerator program viewing this as a scarce resource? A: (Scott Lang, CEO) Yes, utilities see it as a scarce resource and are eager to engage. The alternatives are costly, and our proven value proposition is compelling. We have allocated appropriate funds to support these engagements. Q: Is the strategic alternatives process active or on the back burner? A: (Scott Lang, CEO) It's active but passive in terms of serious negotiations due to our current valuation. The strategic value of our solution is recognized, and discussions are ongoing with parties interested in participating in our journey. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
08-06-2025
- Business
- Yahoo
G-III Apparel Group Ltd (GIII) Q1 2026 Earnings Call Highlights: Navigating Challenges with ...
Net Sales: $584 million for Q1 fiscal 2026, compared to $610 million in the same period last year. Wholesale Segment Sales: $563 million, down from $598 million in the previous year. Retail Segment Sales: $36 million, up from $31 million in the previous year. Gross Margin: 42.2% for Q1 fiscal 2026, compared to 42.5% in the previous year's first quarter. Retail Operations Gross Margin: 53.5%, up from 47% in the prior year's period. Non-GAAP SG&A Expenses: $231 million, down from $237 million in the previous year's first quarter. Non-GAAP Net Income: $8.4 million or $0.19 per diluted share, compared to $5.8 million or $0.12 per diluted share last year. Inventory: $456 million, a 5% decrease from the previous year's $480 million. Net Cash Position: Approximately $239 million, compared to $82 million in the prior year. Liquidity: Approximately $740 million. Full Fiscal Year 2026 Net Sales Guidance: Approximately $3.14 billion. Second Quarter Fiscal 2026 Net Sales Guidance: Approximately $570 million, compared to $645 million in the prior year. Second Quarter Fiscal 2026 Non-GAAP Net Income Guidance: Between $1 million and $6 million or between $0.02 and $0.12 per diluted share. Warning! GuruFocus has detected 7 Warning Signs with AVD. Release Date: June 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. G-III Apparel Group Ltd (NASDAQ:GIII) delivered solid first-quarter results with earnings exceeding the high end of their guidance. The company's key owned brands, DKNY, Karl Lagerfeld, and Donna Karan, experienced double-digit growth, offsetting the loss from exited Calvin Klein licenses. G-III Apparel Group Ltd (NASDAQ:GIII) has a well-diversified supply chain across over 40 countries, reducing reliance on China to less than 20% of production. The company is actively working to mitigate the impact of tariffs through sourcing diversification, vendor negotiations, and selective retail price increases. G-III Apparel Group Ltd (NASDAQ:GIII) ended the quarter with a strong financial position, having approximately $740 million in cash and availability. The global macroeconomic environment remains uncertain, with potential unmitigated tariff impacts estimated at $135 million for fiscal 2026. Net sales for the first quarter were $584 million, a decrease from $610 million in the same period last year. The company has withdrawn its net income, non-GAAP net income, and adjusted EBITDA guidance for fiscal 2026 due to tariff uncertainties. The relaunch of the Sonia Rykiel brand was postponed due to production challenges and macroeconomic uncertainties. G-III Apparel Group Ltd (NASDAQ:GIII) anticipates a decrease in net sales for the second quarter of fiscal 2026 compared to the prior year, partly due to supply chain disruptions and timing shifts. Q: You mentioned taking price increases as part of your strategy. Are these increases focused on newer brands with limited distribution, and which product categories offer the most opportunity for price adjustments? A: Morris Goldfarb, CEO: We're working closely with retailers to adjust pricing in targeted areas, focusing on consumer acceptance. Our brands like Donna Karan and Karl Lagerfeld have strong pricing power due to their unique positioning and quality. We're not applying arbitrary increases but are strategically adjusting prices where consumers see value. Q: With the postponement of the Sonia Rykiel relaunch, how does this affect your guidance, and are you adjusting supply plans for potential demand changes in the second half? A: Morris Goldfarb, CEO: The postponement was due to production challenges and tariffs. It wasn't a significant business yet, so the impact is minimal. We're cautiously optimistic about the second half, with new launches expected to drive demand. We're managing inventory prudently to align with potential demand fluctuations. Q: How much of the Q2 revenue outlook is impacted by timing shifts, and how do you plan to mitigate the $135 million tariff impact? A: Neal Nackman, CFO: About half of the Q2 decrease is due to supply chain issues, with shifts affecting both Q3 and Q4. We're working on mitigating tariffs through pricing adjustments, sourcing diversification, and vendor negotiations. The process is ongoing, and we're focused on minimizing the impact. Q: Can you provide insights into your inventory levels for Q2 and expectations for the rest of the year? A: Neal Nackman, CFO: Inventory levels are aligned with sales growth expectations. We're accelerating product movement to avoid potential tariff impacts. While the environment is uncertain, we're managing inventory effectively to ensure stability. Q: With industry-wide consumer uncertainty and inventory builds, what are your expectations for promotions, and how will you navigate potential headwinds? A: Morris Goldfarb, CEO: We're not feeling significant pressure for promotions. Our products are well-positioned and in demand, including exiting brands like Tommy and Calvin. Our inventory levels are slightly low for current demand, indicating strong sell-through and minimal promotional pressure. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
Salesforce Inc (CRM) Q1 2026 Earnings Call Highlights: Strong Revenue Growth and Strategic ...
Revenue: $9.83 billion in Q1, up 8% year over year. Subscription and Support Revenue: Grew 9% in constant currency. Non-GAAP Operating Margin: 32.3% for the quarter. Operating Cash Flow: $6.5 billion. Remaining Performance Obligation (RPO): $60.9 billion, up 13% year over year. Current Remaining Performance Obligation (CRPO): $29.6 billion, up 12% year over year in nominal terms. Fiscal Year 2026 Revenue Guidance: Raised to $41.3 billion at the high end. Agentforce ARR: $100 million. Data Cloud ARR: More than $1 billion, grew over 120% year over year. Dividend Payout Increase: 4% in Q1. Share Repurchases and Dividends: Over $3 billion returned in Q1. Warning! GuruFocus has detected 7 Warning Signs with NSCIF. Release Date: May 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Salesforce Inc (NYSE:CRM) reported strong Q1 fiscal 2026 revenue of $9.83 billion, up 8% year over year. The company raised its fiscal year 2026 revenue guidance by $400 million to $41.3 billion at the high end. Salesforce Inc (NYSE:CRM) achieved a non-GAAP operating margin of 32.3% in the quarter. The acquisition of Informatica for $8 billion is expected to enhance Salesforce's data and AI capabilities. Agentforce has seen rapid adoption with over 4,000 paid customers and $100 million in ARR, showcasing strong growth potential. There are concerns about the timing of when Agentforce and Data Cloud will significantly drive overall growth acceleration. The integration of Informatica is expected to take time, with accretion anticipated by fiscal year 2027. Some geographic regions, such as parts of EMEA, remain constrained, impacting overall growth. The company faces challenges in expanding its distribution capacity, which has been flat for the last two years. There is uncertainty in customer behavior due to macroeconomic factors and geopolitical tensions, which could impact future growth. Q: The excitement around Agentforce and the Data Cloud is palpable. When can we expect these to become bigger drivers for Salesforce's overall growth rate? A: Marc Benioff, CEO, emphasized the company's commitment to growth while maintaining margin and cash flow frameworks. He highlighted the need for distribution expansion, particularly in small and medium businesses, and announced plans to hire 1,000 to 2,000 more salespeople to capitalize on growth opportunities. Miguel Milano, Chief Revenue Officer, added that the company is expanding its sales capacity and focusing on high-growth areas, with a target of 22% overall capacity growth by the end of the fiscal year. Q: Have you seen any uncertainty in customer behavior given the macroeconomic environment? A: Robin Washington, President and CFO, noted that Salesforce benefits from a balanced portfolio across geographies and industries, which helps mitigate macroeconomic uncertainties. She mentioned strong momentum in data and AI, with modest contributions from Agentforce, and highlighted the company's confidence in its guidance due to strong product offerings and increased sales capacity. Q: How will the acquisition of Informatica change the game for Salesforce, especially in relation to Agentforce and data strategy? A: Marc Benioff explained that Informatica will accelerate Salesforce's data strategy by enhancing its ability to unify and activate data. Srinivas Tallapragada, Chief Engineering Officer, emphasized that Informatica will complement Salesforce's existing data platform, which includes MuleSoft, Data Cloud, and Tableau, providing a trusted data platform necessary for the success of Agentforce. Q: What are some leading indicators that suggest Agentforce is a significant cycle for Salesforce? A: Marc Benioff highlighted the rapid adoption of Agentforce, with 8,000 customers and 4,000 paying customers in a short period. He emphasized that Agentforce is deeply integrated with Salesforce's other products, driving comprehensive solutions for customers. Miguel Milano added that Agentforce deals typically include multiple Salesforce clouds, indicating strong cross-product adoption. Q: What are your thoughts on the potential impact of AI on white-collar jobs, and how can Salesforce help companies navigate these changes? A: Marc Benioff acknowledged the potential for AI to transform jobs but emphasized that Salesforce is focused on repositioning employees rather than eliminating jobs. He highlighted Salesforce's success in using Agentforce internally to handle customer support, reducing the need for human intervention while creating opportunities for employees in other areas. Benioff also noted that while AI can enhance productivity, it cannot replace all human functions, and Salesforce aims to help companies leverage AI responsibly. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
