FTV

FUJIFILM Holdings Corporation FUJIY reported a fourth-quarter fiscal 2025 (ended March 31, 2026) net income of ¥83.4 billion compared with ¥79.4 billion in the year-ago quarter. Revenues of ¥927.3 billion jumped 6.8% year over year. The company generated record fourth-quarter revenues and net income. Revenue growth was primarily driven by the Healthcare segment, supported by contributions from newly launched Bio CDMO facilities in Denmark. The Electronics segment also delivered strong performance, fueled by robust sales of Semiconductor Materials, particularly CMP slurries, while the Imaging segment benefited from solid demand for digital cameras and related products. Fiscal 2026 revenues increased 5% year over year to ¥3357 billion. Net income was ¥276.7 billion, up 6% year over year. In June 2024, the company established the Advanced Functional Materials division by integrating its display materials, industrial products and fine chemicals businesses. In the fourth quarter of fiscal 2025, the Healthcare segment generated revenue of ¥333.6 billion, up 5.4% year over year, while operating income declined 34.7% to ¥29.7 billion due to upfront costs associated with new Bio CDMO facilities and higher raw material prices. Within the segment, Medical Systems revenue increased 5.4% to ¥217.1 billion, driven by strong sales of endoscopes in the United States, Europe, Japan and China, as well as solid demand for CT, MRI and IVD products. Bio CDMO revenue rose 1.2% to ¥73.9 billion, supported by the expansion of operations at new large-scale facilities, although revenue from small- to medium-scale facilities declined due to delays in securing early-stage projects and the absence of cancellation fees recorded in the prior year. LS Solutions revenue increased 14% to ¥42.6 billion, driven by strong sales of culture media and reagents amid improving market conditions. The Electronics segment delivered strong quarterly performance, with revenue increasing 27.4% year over year to ¥127.5 billion and operating income surging 74% to ¥30.7 billion. Semiconductor Materials revenue rose 29.3% to ¥81.7 billion, supported by strong demand for AI semiconductors, significant growth in CMP slurry sales and robust demand for liquid-type polyimides used in advanced packaging applications. Sales to major foundries and semiconductor manufacturers in the United States and South Korea also...

The Trade Desk, Inc. TTD reported first-quarter 2026 adjusted earnings per share (EPS) of 28 cents, which missed the Zacks Consensus Estimate by 12.5%. The bottom line compared unfavorably with 33 cents posted in the prior-year quarter. Revenues increased around 12% year over year to $688.9 billion. It beat the consensus mark by 1.4%. The figure came above the company’s revenue expectation of at least $678 million for the first quarter. In the quarter, the company maintained strong momentum, with customer retention remaining above 95% for more than a decade. The company expanded its innovation portfolio through the launch of Koa Agents, an AI-powered media optimization solution, and OpenTTD, a unified login and analytics platform. Strategic partnerships with LinkedIn, Pacvue, Skai, Dollar General and Paramount further strengthened its position across connected TV, retail media and programmatic advertising. The company also continued expanding the adoption of Unified ID 2.0 and OpenAds among advertisers and publishers. Trade Desk delivered another strong quarter. Management highlighted that the company’s strategic upgrades and operational improvements played a key role in driving the outperformance. Despite ongoing macroeconomic challenges, management remains confident in Trade Desk’s ability to lead innovation within the programmatic advertising ecosystem. The company continues to focus on helping marketers maximize value through objective, transparent and data-driven media buying across the open internet. After the announcement of the results, shares lost around 13% in the pre-market trading session today. In the past year, the stock has plunged 66.9% against the Zacks Internet – Services industry’s growth of 140.9%. Image Source: Zacks Investment Research Video, including connected TV (CTV), accounted for a low-50% share of the company’s business in the first quarter and continued to expand as part of the overall channel mix. Mobile contributed a high-20% share during the quarter, while display represented a low double-digit percentage. Audio accounted for nearly 6% of the business and delivered the strongest year-over-year growth among all channels. Adjusted EDITDA was $206 million compared with $208 million in the year-ago quarter, while adjusted EDITDA margin came in at 30%, down from 34%. As of March 31, 2026, cash & cash equivalents were $878.4 millio...

Sony Group Corporation SONY reported fourth-quarter fiscal 2025 net income per share (on a GAAP basis) of ¥13.93, down from ¥37.04 in the year-ago quarter. Adjusted net income came in at ¥83.1 billion compared with ¥224.4 billion in the prior-year quarter. Quarterly total revenues rose 8% year over year to ¥3,036.4 billion. The upside reflected solid top-line momentum in Music, Pictures, Entertainment, Technology &Services (ET&S) and Imaging & Sensing Solutions (I&SS), offset by weaker sales in Game & Network Services (G&NS) and sizable losses in All Other. In the past year, the stock has declined 18.7% compared with the Audio Video Production industry’s fall of 18.4%. Image Source: Zacks Investment Research SONY’s revenue growth was supported by broad-based gains outside gaming. Music sales increased 21.1% year over year to ¥570 billion, while Pictures revenue rose 14.1% to ¥472.9 billion and I&SS climbed 28.2% to ¥524.4 billion. Sony Corporation price-consensus-eps-surprise-chart | Sony Corporation Quote Profitability was uneven. Music operating income surged to ¥132.4 billion from ¥83.6 billion, but G&NS operating income fell to ¥54.1 billion from ¥92.7 billion. All Other posted an operating loss of ¥67.6 billion, considerably wider than the ¥9.8 billion loss reported in the prior-year quarter. Sony’s G&NS segment reported a 2.7% decline in quarterly sales to ¥1,022.4 billion, reflecting weaker hardware trends. The segment’s operating income drop of 41.6% highlighted the earnings sensitivity of the platform when hardware volumes soften and one-time charges flow through. Still, user metrics underscored healthy platform activity. For the full year, Monthly Active Users reached 125 million accounts in March, a record high for a fiscal fourth quarter, and total play time increased 1% year over year. Those engagement levels remain an important indicator for recurring network services revenue. SONY’s Music segment was a clear bright spot in the quarter, combining a 21.1% revenue increase with a 58.4% jump in operating income. The results aligned with the segment’s broader full-year strength, as fiscal 2025 Music sales rose 15.1% to ¥2,120.1 billion and operating income increased 25.1% to ¥447 billion. Sony’s Music performance in fiscal 2025 was helped by higher revenues from streaming services across Recorded Music and Music Publishing, alongside stronger live...

Watts Water Technologies, Inc. WTS reported first-quarter 2026 adjusted earnings per share (EPS) of $3.04 compared with $2.37 in the prior-year quarter. The bottom line beat the Zacks Consensus Estimate by 11.8%. The company’s quarterly net sales increased 21% year over year to $677.3 million. The top line beat the Zacks Consensus Estimate by 7.2%. Organic sales were up 12% year over year due to favorable prices and higher volumes supported by strong growth in the data center market. Management highlighted that the company delivered a strong start to 2026, supported by organic growth across all regions and record first-quarter net sales, operating income, operating margin and EPS, reflecting disciplined execution and continued focus on delivering value to customers. The company also emphasized that it is actively navigating geopolitical and trade-related uncertainties while continuing to invest in higher-growth opportunities such as data centers and digital solutions. In addition, management noted that productivity and automation initiatives under the One Watts Performance System are helping drive efficiency and margin performance. Despite the solid start to the year, the company maintained its full-year 2026 outlook given the dynamic macroeconomic environment. Supported by a strong balance sheet and healthy cash flow generation, management remains focused on disciplined capital allocation and creating sustainable long-term shareholder value. Shares of the company have gained 39% in the past year compared with the Zacks Manufacturing - General Industrial industry’s growth of 23%. Image Source: Zacks Investment Research Americas: Net sales increased 23% year over year to $515 million on a reported basis and rose 16% organically, primarily driven by favorable pricing and incremental volumes supported by strong data center demand. Acquisitions contributed $31 million in incremental sales, accounting for 7% of reported growth. Segment margin expanded 80 basis points (bps) as benefits from price realization, productivity improvements and volume leverage more than offset the impacts of inflation, tariffs and acquisition-related dilution. Europe: Net sales increased 12% year over year to $121 million on a reported basis and grew 1% organically. Reported sales growth benefited from favorable foreign exchange, which contributed 11% to reported results. Organic sales...

Cirrus Logic Inc. CRUS reported fourth-quarter fiscal 2026 adjusted earnings per share (EPS) of $1.95, which surpassed the Zacks Consensus Estimate of $1.76. The company reported adjusted EPS of $1.67 in the prior-year quarter. Revenue for the quarter came in at $448.5 million, exceeding the midpoint of guidance ($410-$470 million). Revenue declined 23% sequentially due to weaker smartphone unit shipments but increased 6% year over year, mainly driven by robust demand for smartphone components. The growth was partly offset by pricing pressure and softer sales in general markets. The Zacks Consensus Estimate for revenues was pegged at $439.8 million. Cirrus Logic generated $2 billion in revenue for fiscal 2026, reflecting a 5% increase from the previous year, driven by strong demand for smartphone components and higher component sales for PCs. A key development from the earnings announcement was its expansion into new smartphone silicon categories, including next-generation camera controllers and smart power ICs. Beyond smartphones, Cirrus Logic reported strong year-over-year growth in its PC business. The company’s expansion into laptops and PCs helps reduce concentration risk while opening new long-term revenue streams. A key theme throughout the earnings report was the importance of diversification. Cirrus Logic has spent several years expanding both its product portfolio and customer base. It highlighted growth in smartphones outside of audio applications, as well as growth in PCs and laptops, general market products and power-related semiconductor solutions. This diversification strategy is important because semiconductor markets can be cyclical. Expanding across multiple end markets can help stabilize revenue and reduce dependence on any single product category. Cirrus Logic, Inc. price-consensus-eps-surprise-chart | Cirrus Logic, Inc. Quote The company’s largest customer accounted for 92% of total revenues in the fiscal fourth quarter. The stock has gained 71.9% in the past year compared with the Zacks Electronics-Semiconductors industry’s growth of 118.5%. Image Source: Zacks Investment Research Cirrus Logic’s High-Performance Mixed-Signal segment includes a few of its non-audio products. It contributed 43% to total revenues in the fiscal fourth quarter. Revenues from the same division grew 13.1% year over year to $191.3 million. We estimated the metr...

CDW Corporation CDW reported first-quarter 2026 non-GAAP earnings per share (EPS) of $2.28, matching the Zacks Consensus Estimate. The bottom line increased approximately 6.3% year over year. CDW reported quarterly net sales of $5.68 billion, representing a 9.2% year-over-year increase. On a constant currency (cc) basis, sales grew 8.4%, reflecting healthy organic demand across the business. The strongest drivers of growth included data storage systems, servers and networking hardware, software solutions and notebooks and mobile devices. Despite ongoing economic and geopolitical uncertainty, all segments saw stronger customer spending compared with the previous-year quarter. Quarterly revenues also surpassed the consensus mark of $5.4 billion. According to management, organizations increasingly need partners capable of managing integration, governance and lifecycle execution at scale, areas where CDW believes it has a competitive advantage. CDW’s “full-stack” approach appears increasingly valuable in this environment. Rather than simply selling hardware, the company positions itself as a long-term technology advisor helping enterprises integrate, secure and manage complex systems. The company also continues investing internally in AI initiatives, which contributed to higher operating expenses during the quarter. The company also reinforced shareholder returns by approving a quarterly cash dividend of 63 cents per share, payable June 10, 2026, to shareholders of record as of May 25, 2026. CDW Corporation price-consensus-eps-surprise-chart | CDW Corporation Quote Management is optimistic regarding the remainder of 2026 despite continued macroeconomic and geopolitical uncertainty. CDW expects to outperform the broader U.S. IT market by 200 to 300 basis points on cc, signaling confidence in both customer demand and competitive positioning. The company’s diversified customer base across commercial, government, education and international markets is likely to help reduce dependence on any single sector. In the past month, CDW's shares have gained 10.6% against the Zacks Computers-IT Services industry’s fall of 0.6%. Image Source: Zacks Investment Research The Commercial segment served as the company’s largest revenue contributor, generating $3.57 billion in sales, up 9.6% year over year. Under commercial, several industries posted particularly strong spending tren...

Onto Innovation Inc. ONTO reported first-quarter 2026 earnings per share of $1.42, which beat the Zacks Consensus Estimate by 2.9%. The bottom line compared unfavorably with the prior-year quarter's $1.51. Management expected non-GAAP earnings per share to be between $1.26 and $1.36. Onto Innovation reported quarterly revenue of $291.9 million, reflecting a 9.5% increase year over year and nearly 10% sequential growth led by rising customer investments in advanced semiconductor manufacturing. The growth was primarily driven by the increased adoption of ONTO’s inspection and metrology platforms among top logic and memory manufacturers. Demand for AI chips, advanced packaging solutions and high-bandwidth memory continues to boost semiconductor capital expenditures, especially in Asia, where Onto Innovation has expanded its manufacturing footprint. Customer adoption of the company’s latest systems, including the Dragonfly G5 and Atlas G6 platforms, has been especially promising. These technologies aim to help semiconductor manufacturers improve yields and process control for increasingly complex chip designs. A key highlight from the quarter was the qualification of the Dragonfly G5 inspection system at both a leading 2.5D logic customer and a high-bandwidth memory customer. Onto also announced that its newly launched Atlas G6 system was selected by a second logic customer for gate-all-around metrology applications. Another major development was Onto Innovation’s collaboration with Rigaku Holdings Corporation, acquiring a 27% stake for about $710 million, with the deal expected to close in the second half of 2026. The partnership expands Onto’s access to advanced X-ray technologies, enhancing its semiconductor inspection and metrology capabilities, and includes the right to appoint a board member. Along with its earlier acquisition of Semilab USA, the move underscores Onto’s strategy to broaden its process control ecosystem and support long-term growth. Onto Innovation Inc. price-consensus-eps-surprise-chart | Onto Innovation Inc. Quote Specialty devices and advanced packaging revenues (55% of total revenues) were about $160 million for the quarter. Roughly two-thirds came from advanced packaging, including about $25 million from Semilab, with the remainder driven by specialty devices such as power semiconductors. Revenues from the Advanced nodes (27.4%) were a...

Flex Ltd. FLEX reported fourth-quarter fiscal 2026 adjusted earnings per share (EPS) of 93 cents, which surpassed the Zacks Consensus Estimate by 8.1%. The bottom line compared favorably with 73 cents posted in the prior-year quarter. Revenues increased 17% year over year to $7.5 billion. It beat the consensus mark by 8.1%. The growth was primarily driven by strong momentum across all three segments, with Cloud and Power Infrastructure emerging as the standout performer. Management highlighted that the company’s strong finish to fiscal 2026 reflected disciplined execution and a well-defined strategy, supported by targeted acquisitions and capital investments aligned with Flex’s long-term growth opportunities. Flex Ltd. price-consensus-eps-surprise-chart | Flex Ltd. Quote Flex has announced its intention to spin off its Cloud and Power Infrastructure segment into a newly formed, independent, publicly traded company, marking a significant step in the company's broader strategic realignment. As part of this reorganization, Flex is separating its Data Center business and realigning into three distinct segments. The first, Regulated Manufacturing Solutions, will serve Industrial, Automotive, and Healthcare markets, covering automation and energy infrastructure, compute and power electronics, and regulated medical devices, respectively. The second, Integrated Technology Solutions, will focus on Communications through high-speed networking and enterprise systems and on Lifestyle through premium products across commercial, home and personal categories. The third and newly defined segment, Cloud and Power Infrastructure, will deliver compute, liquid cooling and data center architecture solutions alongside critical rack-level and embedded power capabilities. Shares of the company soared 25% in the pre-market trading session today. In the past year, the stock has surged 154.2% compared with the Zacks Electronics - Miscellaneous Products industry’s growth of 81%. Image Source: Zacks Investment Research Regulated Manufacturing Solutions Segment: This segment encompasses Health Solutions, Automotive and Industrial businesses. Revenues grew 13% to $2.7 billion, accounting for 36% of net sales. Integrated Technology Solutions Segment: This segment comprises Communications and Lifestyle businesses. Revenues grew 13% to $2.9 billion, accounting for 39% of net sales. Cloud and...

Strong start and reaffirmed guidance: Core revenue grew just over 5%, adjusted EBITDA rose ~13% and adjusted EPS was up more than 25% to $0.70, and management reaffirmed full‑year adjusted EPS guidance of $2.90–$3.00 with results trending toward the upper half of the range. Heavy buybacks and disciplined balance sheet: Fortive completed about $500 million of share repurchases in Q1, cutting share count by just over 10% since July 2025 and boosting EPS, while ending the quarter at about 2.8x gross debt to adjusted EBITDA after a modest increase in commercial paper. Growth levers and margin outlook: AI‑enabled product launches and software/recurring‑revenue growth (e.g., Provation Mira, Fluke CertiFiber Max) plus data‑center and gas‑detection demand are key opportunities, even as tariffs trimmed gross margins by ~100–150 bps with the company expecting the headwind to fade partway through Q3. Interested in Fortive Corporation? Here are five stocks we like better. Buying the Dip in Fortive Stock is a Strong Move Fortive (NYSE:FTV) executives said the company posted a “strong start to the year” in the first quarter of 2026, supported by broad-based demand, continued progress on its Fortive Accelerated strategy, and a significant pace of share repurchases. Management reaffirmed full-year adjusted earnings guidance of $2.90 to $3.00 per share, while indicating results are trending toward the upper half of that range based on first-quarter performance and recent trends. President and CEO Olumide Soroye said Fortive delivered consolidated core revenue growth of “just over 5%,” adjusted EBITDA growth of 13%, and adjusted EPS growth of “over 25%.” He noted that core revenue growth was helped by roughly 150 basis points from additional year-over-year selling days in the quarter. → Corning Beats Q1 Estimates but Drops 9% on Guidance Miss CFO Mark Okerstrom said Fortive reported nearly $1.1 billion in total revenue, up almost 8% year-over-year on a reported basis and up just over 5% on a core basis, also citing the selling-days tailwind. Okerstrom said price and volume grew in both segments and highlighted “strong growth in software revenue,” which he attributed to customer demand for “increasingly AI-driven new product releases.” Profitability improved at the EBITDA level, but tariffs continued to weigh on gross margins. Okerstrom said adjusted gross margin was “just ove...

Dolby Laboratories, Inc. DLB reported second-quarter fiscal 2026 non-GAAP earnings of $1.37 per share, which jumped 2.2% year over year and topped the Zacks Consensus Estimate of $1.31, delivering a 4.58% surprise. Revenues of $396 million increased 7% from the year-ago quarter and beat the consensus mark of $380 million by 4.21%. The upside was driven by solid licensing performance, which remained the dominant revenue contributor. Strength across broadcast and continued adoption of Dolby technologies supported growth despite some timing-related softness in mobile. In the past year, shares have lost 15.8% compared with the Zacks Audio Video Production industry’s decline of 21%. Image Source: Zacks Investment Research Dolby generated total revenues of $396 million, up from $370 million in the prior-year quarter. Licensing revenues accounted for $372 million, reflecting the company’s continued reliance on royalty-based income streams. Products and services revenues were $23 million, remaining relatively stable year over year. Licensing continues to be the key growth engine, supported by broader adoption of Dolby Atmos and Dolby Vision across multiple end markets. Management highlighted that expansion across content platforms, devices and automotive is strengthening its ecosystem. Increasing availability of content in Dolby formats is also encouraging adoption among partners and consumers. Dolby Laboratories price-consensus-eps-surprise-chart | Dolby Laboratories Quote Performance across end markets was uneven during the quarter. Broadcast revenues increased 26% year over year, benefiting from a large recovery previously highlighted by management. In contrast, mobile revenues declined 6% year over year due to deal timing. Despite this quarterly volatility, the company expects both broadcast and mobile segments to deliver mid-single-digit growth for the full year. Dolby continues to diversify across markets, including automotive and streaming platforms. The company noted increasing traction in automotive, where entertainment features are becoming a key differentiator, supporting long-term licensing opportunities. Dolby continues to expand its presence across content platforms and consumer devices. The company emphasized growing adoption of Dolby Vision and Dolby Atmos in social media, music and sports content. High-profile events such as the Super Bowl, Winter O...

This article first appeared on GuruFocus. Total Revenue: Nearly $1.1 billion, up almost 8% year-over-year on a reported basis. Core Revenue Growth: Just over 5%, aided by approximately 150 basis points from additional selling days. Adjusted EBITDA: $314 million, up about 13% year-over-year. Adjusted EBITDA Margin: Expanded approximately 140 basis points year-over-year to just over 29%. Adjusted EPS: $0.70, up over 25% year-over-year. Free Cash Flow: $194 million in the first quarter. Adjusted Gross Margin: Just over 63%, down about 100 basis points from prior year. Share Repurchases: Approximately $500 million completed in Q1. Intelligent Operating Solutions Revenue: Grew about 8% on a reported basis with core revenue growth of about 5%. Advanced Healthcare Solutions Revenue: $326 million, grew approximately 8% year-over-year. Adjusted EBITDA Margin for Advanced Healthcare Solutions: Expanded by about 200 basis points year-over-year to just under 26%. Full Year Adjusted EPS Guidance: Reaffirmed at $2.90 to $3 per share. Warning! GuruFocus has detected 10 Warning Sign with FTV. Is FTV fairly valued? Test your thesis with our free DCF calculator. Release Date: April 30, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Fortive Corp (NYSE:FTV) delivered strong financial performance in Q1 2026, with core revenue growth of over 5%, adjusted EBITDA growth of 13%, and adjusted EPS growth of over 25%. The company completed approximately $500 million in share repurchases, reducing its share count by over 10% since July 2025. Fortive Corp (NYSE:FTV) is seeing positive customer response to new product launches, such as the CertiFiber MAX in the data center segment, which is driving additional sales of related products. The company is making progress in its recurring revenue initiatives, with recurring revenue growing faster than consolidated revenue in both segments. Fortive Corp (NYSE:FTV) is maintaining a strong balance sheet, with a gross debt to adjusted EBITDA ratio of 2.8 times, and ample capacity for capital deployment in 2026. Adjusted gross margin in Q1 was down about 100 basis points year-over-year, primarily due to the impact of tariffs. The company faces ongoing hospital spending pressures, which continue to affect demand for low temperature sterilization capital equipment. Fortive Corp (NYSE:FTV) anti...

Fortive Corporation FTV reported first-quarter 2026 adjusted earnings per share (EPS) of 70 cents from continuing operations, which surpassed the Zacks Consensus Estimate of 64 cents. The bottom line increased 25.4% year over year. Revenues increased 7.7% year over year to $1069.4 million. The top line beat the Zacks Consensus Estimate by 3.8%. Core revenues jumped 5.3%. After the announcement, Fortive’s shares jumped around 1.5% in the pre-market trading session today. The stock has gained 24.2% in the past year compared with the Zacks Electronics - Testing Equipment industry's growth of 35.1%. Image Source: Zacks Investment Research Management stated that the company’s strong performance reflects robust demand for its market-leading products, steady progress in executing the Fortive Accelerated strategy and a continued focus on financial discipline supported by the operational rigor of the Fortive Business System (FBS). It added that the company remained committed to disciplined capital allocation, completing approximately $500 million in additional share repurchases during the quarter, bringing total buybacks to around $1.8 billion over the three quarters since the launch of the new Fortive. Fortive operates under the following two organized segments: Intelligent Operating Solutions: The segment generated revenues of $743.2 million (contributing 69.5% to total revenues), which increased 7.6% on a year-over-year basis. Advanced Healthcare Solutions: This segment registered revenues of $326.2 million (30.5%), up 7.9% year over year. In the reported quarter, adjusted gross profit increased 5.8% to $676.3 million on a year-over-year basis. Adjusted operating margin was 27.4%, which expanded 120 basis points (bps) on a year-over-year basis. Fortive Corporation price-consensus-eps-surprise-chart | Fortive Corporation Quote Segment-wise, the adjusted operating margins of Intelligent Operating Solutions were 32.3%, contracting 20 bps year over year. Adjusted operating margins of Advanced Healthcare Solutions were 24.1%, up 220 bps. As of April 3, 2026, cash and cash equivalents were $356.1 million compared with $375.5 million as of Dec. 31, 2025. FTV generated an operating cash flow of $220.4 million for the first quarter compared with $344.2 million in the previous quarter. Non-GAAP free cash flow was $193.8 million compared with $313.8 million in the prior quar...