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Image source: The Motley Fool. Thursday, Aug. 6, 2026 at 4:30 p.m. ET Head of Capital Strategy and Investor Relations - Ross Barrows Chief Executive Officer - James Manning Chief Financial Officer - Tim Broadfoot Operator: Good day, everyone, and welcome to the SharonAI Second Quarter 2026 Conference Call. [Operator Instructions] Please note, this conference is being recorded. It is now my pleasure to hand the floor over to your host, Ross Barrows, Head of Capital Strategy and Investor Relations. Sir, the floor is yours. Ross Barrows: Good afternoon, and welcome to our earnings call to discuss SharonAI's operating results for the quarter ended June 30, 2026. Joining me today is James Manning, SharonAI's Chief Executive Officer; and Tim Broadfoot, SharonAI's Chief Financial Officer. I'll now take a moment to read the safe harbor statement. During the course of this conference call, we may make certain forward-looking statements within the meaning of the federal securities laws, including statements regarding our expectations, plans, prospects, strategies, future operating results and financial performance. Although they may reflect our current expectations and are based on our current view of the industry and our business, they are not guarantees of future performance. These statements are subject to risks and uncertainties that could cause our actual results to materially -- be materially different from those expressed in these statements and speak only as of the date of this call. For more details on factors that could affect these expectations and cause these differences, please see our most recent Form 10-K and Form 10-Q and other SEC reports filed with the Securities and Exchange Commission and available on the SEC's website and in the Investor Relations section of our website. SharonAI undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events. In addition, during this call, we may discuss certain non-GAAP financial measures. Reconciliations to the most directly comparable GAAP measures and related disclosures are available in today's earnings release and/or on our Investor Relations website. I'll now turn the call over to James. James Manning: Hello, everyone, and welcome to SharonAI's Second Quarter 2026 Earnings Call. I'm James Manning, CEO and Co-Founder of SharonAI. I'll begin with the highlights from the quarter and an overview of our market position. I'll then cover some of our recent customer wins, and I'll talk about some additional capacity and our capital strategy moving forward. The central message from the quarter is that we have materially increased each of the 3 inputs required to scale this business, AI factory capacity, contracted customer demand and capital. Let me give you the headline numbers first, then I'll unpack them. As of today, we have 212 megawatts of total secured AI factory capacity across Australia and New Zealand, which is an upgrade of 80 megawatts from our last guidance of 132 megawatts. 120 megawatts are contracted through multiyear take-or-pay agreements, and I'll expand further on this updated capacity shortly. We expect to have more than 64,000 NVIDIA GPUs deployed by mid-2027. We've raised approximately $2.2 billion of capital since December '25, and we've executed roughly $8.8 billion of total contract value year-to-date. Three months ago, our portfolio was comprised of 100 megawatts capacity and $2.2 billion of TCV. So the contracted book has grown by roughly 4x and our secured capacity has more than doubled since. That demonstrates both the strength of demand and our ability to expand our supply to meet it. On customers, the standout is six-year strategic compute collaboration with NVIDIA worth $4.9 billion in total contract value. Alongside that, we have signed a five-year take-or-pay agreement with a global AI lab worth $1.32 billion and a 5-year take-or-pay agreement with a global technology company worth $950 million. A few days ago, we secured a 5-year take-or-pay agreement with the global AI platform with $373 million in TCV. Notably, this is a B300 deployment with a record price of over $4 per GPU-hour. On platform, we have a growing pipeline beyond our announced capacity, and we've expanded our partnership with VAST Data to 600 petabytes of storage commitment, providing sufficient back-end infrastructure to support continued growth of up to 100,000 GPUs. On capital and governance, we completed a $1.6 billion oversubscribed financing round in June, which followed a $350 million convertible note in April. We've made three significant leadership appointments. Anuj Goel, formerly of Macquarie Group, joins as our CFO; Melissa Anastasiou joins as our Chief Legal Officer; and Andrew Penn has been appointed as the Non-executive Chairman of the Board. Bringing in senior leadership of Andrew, Anuj and Melissa's caliber strengthens our governance and ability to execute SharonAI, as SharonAI enters its next phase of growth. I'm delighted to welcome the multiple new team members we have added across the organization, including technical operations and sales to the team. SharonAI is a leading Australian NeoCloud and trusted AI infrastructure partner. Sharon is purpose-built to power the next generation of artificial intelligence and high-performance computing. We do so through our partner-led ecosystem, enabling our customers to confidently build, train and deploy AI that drives productivity, innovation and growth for their customers and themselves. What that practically means is we design and operate AI infrastructure optimized for large-scale training, inference and high-performance compute. We deliver GPU as a Service, AI platform layers and high-performance storage as one integrated solution. And we serve enterprise, government, hyperscaler and AI natives. I'm often asked why are we well positioned? And I'd like to think of it this way. Our NVIDIA cloud partner status supports our prioritized access to NVIDIA's latest generation of GPUs. Our networking, storage and orchestration are purpose-built for AI and HPC workloads. Our Australia and New Zealand hosted sovereign infrastructure is particularly relevant to regulated and sensitive customers in the region. Our capital-efficient deployment model is built around partnering with leading data center operators to deploy their Tier 3 and Tier 4 facilities. And by co-locating with the improving data center infrastructure, we accelerate our deployment, reduce capital requirements and minimize the development risk associated with greenfield builds. Finally, while we're headquartered in Australia, our customers are global, and our contract wins this year emphasize just that point. I said last quarter that we solve for one thing and that's scarcity. And using that framework, which hasn't changed, I'd argue this quarter has validated it on all 4 fronts. From a GPU allocation, timely access to NVIDIA's GPUs remains one of the most critical constraints in this market. Manufacturing constraints and demand from hyperscalers continue to limit the supply available to everyone and emerging providers are facing long lead times. Our NVIDIA cloud partner status and our six-year collaboration with NVIDIA puts us in a unique position to provide access to AI compute. Power: High-density GPU clusters need substantial reliable power. However, ready data center sites with source power are becoming increasingly scarce due to grid constraints and long regulatory queues. Our multi-site data center relationships underpin our secured capacity, which has now grown to 212 megawatts. On the regulatory front, data residency and sovereignty requirements are becoming increasingly important across a number of markets. That trend supports our locally hosted model, and we extend our footprint this quarter with our first New Zealand facility. And finally, on capital and talent. Executing in this market takes significant capital and highly specialized HPC talent. Our successful capital raisings to date address the first issue. And our senior hires, as I mentioned earlier, address the second in addition to our ongoing technical team buildout. So let me spend a bit more time on NVIDIA and our relationship. This is a first-of-its-kind partnership, six years an initial 72 megawatts, 40,000 GB300s and $4.9 billion of minimum revenue or an average of $817 million of revenue per annum at implied base rates. But this partnership does 2 things. It expands our ability to provide compute access to the broader AI ecosystem, namely AI native and enterprise customers, and it reinforces supply certainty at scale through the NVIDIA Cloud Partner program. But the other thing we've seen it do is reaffirm to our partners globally that Sharon is a regional leader in AI compute. We are well positioned to expand our megawatts and GPU opportunities throughout the region with the support of all our partners and including NVIDIA. Next, I want to be clear about how this works commercially because I think it's been misunderstood based on some of the commentary we've seen. Under the agreement, NVIDIA provides a six-year anchor commitment. That commitment helps derisk the capital investment by providing NVIDIA guaranteed minimum revenue stream for the initial six-year period of the hardware deployed. This is viewed very favorably by debt providers who help fund the substantial capital investment in the GPUs and the associated infrastructure as they can bank the guaranteed revenues in their models. But the pricing under this agreement is guaranteed as a minimum only. That is it provides a floor, not a ceiling. We expect to secure customers for a significant portion of the GPU capacity at prices above the guaranteed minimum. In those cases, we retain 100% of the anchor price and then share the incremental revenue above it. Importantly, NVIDIA will share in this incremental revenue, too, which creates a new strategic alignment with NVIDIA who are incentivized to support us to both deliver a premium GPU service and to source and secure higher rate paying customers to maximize the share of incremental revenue. Importantly, if we perform successfully under the initial 40,000 GB300 allocation, we believe there may be an opportunity to expand the program over time. On the contracting model itself, not much has changed from what I described last quarter, but it's worth reiterating. Here is an example showing what a contract might look like. In month one, the customer contracts and prepays an amount. That prepayment lets us submit the purchase orders for the specific GPUs and network infrastructure in a way that reduces our upfront capital outlay. Over months one to four, we receive and install the hardware. The GPU and the other hardware is delivered within three to four months and final payment lands on delivery and installation and configuration takes two to four weeks. From month five onwards, we recognize monthly revenue on reserve capacity for the full term. For take-or-pay contract, we are paid irrespective of whether they use the compute 100% of the time or 40% of the time, which gives us real clarity on the expected revenues. And at the end of the term, depending on tenure, there might be several years less of useful economic life, so we can recontract or sell to the on-demand market. The question we get asked the most is whether the customers actually recontract. And I'd like to point out a few things. Data gravity or moving petabytes between clouds is a real switching cost, not moving compute and the 600 petabytes committed under the expanded VAST Data partnership is there for customers to grow into. Second, the platform itself. Because networking, storage and orchestration are tuned to each workload, switching means rebuilding and revalidating their stacks. Third, the time to compute because redeploying elsewhere means a multi-month hardware and deployment lead times all over again for the customer. And finally, the upgrade path. Because as an NVIDIA cloud partner, we have priority access to generational upgrades of future GPU allocation, we can save the customer from joining the queue for scarce supply. So who are our partners? We see our partner ecosystem as a unique differentiator. We orchestrate a best-in-class ecosystem around a single AI cloud platform, compute, data, networking, data centers, procurement and installation and hardware life cycle support. We don't need to own every layer. Instead, we combine leading technologies and infrastructure partners within a single SharonAI platform. That model is designed to support faster deployment and more capital-efficient growth. To name a few, NVIDIA is our primary supplier of compute. NEXTDC is our primary supplier of data center capacity. And recently, our agreement with VAST has notably strengthened our storage strategy, and we cannot forget World Wide Technology, which is our exclusive APAC procurement, testing and implementation partner. It's also worth calling out that this partnership approach has had 2 big impacts. One is that this results in lower operational risk, greater market validation and credibility and two, that internal technical headcount does not need to scale as fast as some others as they internalize these capabilities. And now to capacity. And this is a piece of news I want to make sure it doesn't get lost today. Since our last capacity update, we have secured an additional 80 megawatts in Australia, taking our total secured AI factory capacity to 212 megawatts. To put that trajectory in context, we had 54 megawatts at the start of the year. We have, therefore, increased our secured capacity roughly 4x year-to-date while accelerating customer wins. Demand has consistently run ahead of what we can supply. So having 92 megawatts of secured available capacity heading into the back half of this year is exactly the strong position we wanted to be in. The pipeline isn't just a number, it's a commitment to deliver compute online. And so I'm pleased to confirm that we have successfully handed over B300 cluster to one of our customers this month as well. We are actively focused on our next deployment of both B300 and GB300 equipment into the balance of this quarter and in early quarter 4. If you look at how the contracted revenue book has built throughout the year, it's a fairly steep line. We started Q1 with Canva, GMI and ESDS with a $1.3 billion of total TCV. In May, we announced a global technology company with a major Asia Pac presence for a further $950 million. In June NVIDIA for $4.9 billion and in July, the global AI lab for $1.32 billion. And just a few days ago, we signed another agreement with a global AI platform for $373 million. That takes us to roughly $8.8 billion of total contracted value for the 120 megawatts of contracted capacity, which leaves us with 92 megawatts available to sell. Finally, it's worth turning to our capital strategy. And we secured approximately $2.2 billion of cash since December 2025. That includes the recent $1.6 billion strategic financing closed in the second quarter. The June financing was oversubscribed and led by a cohort of top-tier institutional funds, and we remain grateful to their ongoing support. Many of you will have joined the call today, and we appreciate your continued support and suggestions as we work to deliver our GPUs to customers. I'll now close with 4 points on our outlook. First, demand continues to materially outpace supply, and we secured 212 megawatts of capacity for deployment by the end of 2027, while our contracting visibility now extends out through to 2031. Second, we're well funded for our near-term build-out following the $1.6 billion financing and other capital raises to date. Third, we expect the first material revenue to commence in the fourth quarter of 2026 as large-scale B300 and GB300 deployments come online. And fourth, we are targeting more than 64,000 GPUs deployed by mid-2027 across our footprint in Australia and New Zealand. We've made significant progress in a short period of time, but the hard work is still ahead of us. Contracted revenue becomes recognized through execution, delivery and operating at the high standards our customers expect. That's what the next 12 months is about and I'm confident in our ability to deliver. Finally, on a personal note, I wanted to take this opportunity to thank Tim Broadfoot, our CFO, for his work in getting to Sharon where it is today. This will be Tim's last 10-Q, and we look forward to Anuj joining our team and leading the next call. Tim will continue consulting the company for a period, and we wish him all the best in the future. Operator, please open the line for some Q&A. Operator: [Operator Instructions] Your first question for today is from Darren Aftahi with Lucid Capital Markets. Darren Paul Aftahi: Congrats on all the progress. Just two, if I may. The additional capacity, the 80 megawatts you guys added this morning in the release, is that source coming from a same partner you're working with? Or is the new partner? Second question on the NVIDIA partnership, the 72 megawatts, any updates on releasing that? And with that question on the release, our conversations with customers, I assume, in the ballpark of where your latest contract was north of $4 GPU-hour? James Manning: Thanks, Darren. James. So new partner solution for the additional 80 megawatts, fairly confident around some early megawatts potentially as early as late this year, but definitely in Q1 next year. So good to unlock some capacity there and delivery through 2027 from that perspective. So look, the 80 megawatts is in Australia, and there's some strategic activities we're focused on around that capacity. And at this time, it's probably not appropriate to give you much more detail on it. But as we've been through the whole history to date, it's been about adding consistently megawatts across partners and delivering modules to get them online and get those programs working. With respect to your second question for the customer demand on the AICP program that we've been running for the 40,000 GPUs. I'd point you to the announcement just this week, we sold that capacity for record dollars per hour or price per megawatt hour, depending on both ways you're thinking about it for both B300 and GB300. And that's the demand profile we're seeing and the pricing mechanisms that we're having with our pricing discussions we're having with our current customers. So we are seeing quite a constrained market ultimately for access to GPUs. And with those constraints, we're being able to incrementally increase those price per hour that we're getting. Certainly other thing is I'd say based on the customer demand profiles we're seeing, we'd expect that strong pricing to continue throughout the year. Operator: Your next question is from Brett Knoblauch with Cantor Fitzgerald. Brett Knoblauch: Related to kind of the NVIDIA contract, I know it's quite unique there, and congrats on adding the additional capacity in Australia. What is your priority to resell the potential the backstop capacity from NVIDIA or to sell the remaining capacity or the remaining 92 megawatts that you have? Is there a preference for what would come first or what would NVIDIA want first? How should we think about that? James Manning: Great question. We've been -- we often talk about our sales cycle, Brett, and that's probably the way we think about this. So when I talk about the program that we've got currently going to resell the space in Melbourne, that's compute that's very well designed. We have a very clear path about how we're going to build that out, what the compute form is going to be when it's coming online, all the RFS dates are done. And so we know with that knowledge, we can start giving customers RFS dates and contracts. So short term, we're very focused on the resale of that NVIDIA capacity because there's a lot of deals there for AI natives, and we're seeing a lot of demand in there. And the program really put us on the map globally for a lot of other customers that we didn't historically have relationships with. And so we've got some great relationships, which is giving us really good insight to then the other capacity that we've just announced. And so quite often, I've spoken about this on several calls, but key to us is when we get capacity online and we know we've got energy or white space, we then have to go through a design process to get the right form factor of compute to then be able to take that out to customers. So we're early in the journey on the additional megawatts, but we are already having those conversations with those customers. So one of the great things we're seeing out of the resale process on the AICP is we're talking to these AI natives and they're looking at what's the rest of your capacity? What are you saying to our sales? What are you seeing for '27? What are you going to have online for '28? And so we're getting a lot more further out insight as to what customer demand profiles are looking like. And they're all asking for it. They're like, can we guarantee if we get 5,000 GPUs out of the 40,000 on this, can you guarantee some 5,000 or 10,000 in your next bit of capacity that you're going to be building out. And so that's amazing from a forecasting perspective. It gives us a lot of confidence, but it also enables us to start to talk to those customers about specifically what they're looking for. Are you looking for a cluster with more storage next time? And so we can do a bit more planning. And so having released that additional capacity publicly and now being able to talk to customers about where we see that pipeline and what's publicly available as pipeline and then when we talk to them about what's not publicly available as pipeline, it's very helpful overall from an organizational perspective about planning overall capacity and how we're thinking about growing the business. Brett Knoblauch: Awesome. Very helpful. On contract duration, if I look at all the contracts you've signed, maybe absent some of the really small ones, it's been five years, except for NVIDIA at six. Is there a target duration you're looking for when you do ultimately get into the reselling NVIDIA capacity? Like is it more one, two years? Is it shorter? Is there a target duration that we're thinking of? James Manning: Look, we're largely being driven by customers on that component and that conversation. I think every customer -- it's a bit of a balance between price and duration. Every customer would love to have the longest term they can is the general conversation we're having them. But the demand we're seeing is in the three to five year range. But they all want to lock up as much as they can. And so we're trying to find a balanced book where we take the limited resource of 40,000 GPUs and split it between a mix of three to five year contracts, but also depending on what we see that customer's forward demand profile or curve is, think about how we match those things across future demand as well. So, what we want to try and do is find those customers that we can expand, not just so once we've landed a customer, how do we expand the customer because it's a lot easier once you've got that customer on your books to expand those relationships. Brett Knoblauch: Yes. That makes sense. And then maybe just one follow-up for me. If I kind of do some back of the math here on the storage with your partnership with VAST, it's about 100,000 GPUs, which is about similar to how much megawatts you've now secured from the 80. At what point would you look to expand that just ahead of additional capacity ramp in the future? Are you thinking about that yet? Or is that still a bit of a ways out? James Manning: Great question. I mean we always like to leave a few breadcrumbs in an announcement is the way we are thinking about it. I think those early indications of where we're thinking as we sign those deals like the one we did with VAST was a good indicator about where we were thinking the business is going and where we had -- where we thought that was -- where we thought we'd be announcing our megawatts as we came into this period. We're always in discussions with VAST's been an amazing partner. And so we are looking at how we expand that storage. The other thing I'd just say more broadly on storage is we've seen huge customer demand and shifts in those storage dynamic. And that is as to how we design a facility, how we turn on a facility is changing those dynamics as well as we're realizing with customers, we need to be able to take more storage into a design beyond the standard 3 petabytes per 1,000 GPU sort of reference architecture, customers are looking for more storage. And so as we think about that, the recent $1.32 billion contract was 10 petabytes of storage for 1,000 GPUs. And that's a material upgrade from three. And that means you have to think about storage capacity, that additional loads, traditionally they're air-cooled loads and attaching to our GB environment. So there are mixes here that we have to start considering as we're seeing these shifts in storage. Operator: [Operator Instructions] Your next question for today is from Michael Donovan with Compass Point. Unknown Analyst: This is [ Ian Generes ] calling in for Michael Donovan. Congrats on the continued progress and signings. My first question, I just wanted to ask your partnerships now include NVIDIA, Dell, VAST and a number of data center operators. Can you talk about how those relationships support the growth strategy from here, whether that's validating next-gen GPUs? And what kind of line of sight they give you into future demand? James Manning: Yes. So I think the demand cycle we're seeing from the -- we're seeing demand cycle from our partner network. Partners are obviously referring as business, and that's very helpful. When we start to talk to our supply side on demand, we're definitely hearing about supply constraints in market where customers are -- where customers -- their customers are experiencing demand. So what we're hearing through supply relationships with the Dells, with the Supermicros, with the Lenovos is an overwhelming story of large demand. But then when we talk to our storage customer partners like VAST and so forth, we hear about what they're doing in storage and what other NeoClouds and other people in the space are doing. But really, by using this partner network, it's all about lowering our execution risk. And so everyone's got to have a relationship with an OEM. But when we have a relationship like a WWT and we have those relationships with the data center operators, it just lowers our overall net operating risk. And all of those -- we get a lot of customer referrals through those channels. So from that perspective, it's absolutely fantastic, that partner-led model. And working within the ecosystem, you get a lot of insights as to those changes in customer profiles and how we need to be thinking about them before they necessarily need to be implemented in our business as well because like we've just mentioned before, 10 petabytes per 1,000 GPUs, I'm sure that will -- VAST will tell someone else they need to start thinking about more storage per 1,000 customer for some of their other customers. And that may not necessarily be true for their customers today, but it is true for what we're experiencing. So that information flow through the network is very valuable over time, I think. Unknown Analyst: That's very helpful. And as a follow-up, as those conversations extend into the next generation, how are you observing pricing dynamics on Vera Rubin? Are customers engaging on Rubin commitments today for late '27, '28 deliveries? And how do you see pricing trending relative to GB300s, for example? James Manning: Yes. So we haven't started pricing Vera Rubin, but we are seeing extraordinary amount of demand for it. So we are now actively having the capacity, as I said as I sort of said, we go through design phases once we secure capacity and we work through those design phases to go to the RB with NVIDIA around certain specific capacity and compute workloads, and that's when we can have those customer conversations for that specific compute demand in that location. That said, a lot of early demand for Vera Rubin. So those customers that we're talking to on AICP are saying, well, what's your late '27 VR capacity? Are we going to get some of that? Can you promise us some of that? Can we get our hands on it? So we are working through where the Vera Rubin deployments will be for us in maybe late '27, early '28. And then customers are already looking for us to secure and lock in those deliveries for them ultimately. So we're very conscious of that in the way we're thinking about data center procurement and data center capacity through procurement and design for implementation as well. Operator: Your next question for today is from Jonathon Higgins with Unified Capital Partners. Jonathon Higgins: Congratulations on the momentum. Just a couple from me today. Just firstly, just on capacity, you're sort of averaging about $1 billion in TCV being signed, if not more every month and the deal frequency is getting better or getting more frequent, sorry. How do you sort of strategically think about that capacity? You've raised it today to obviously 200 or above. How should we think about that probably into 2028 and what you're seeing on the demand side of things? James Manning: Yes. I mean capacity is a great question, and we're thinking about how we grow. And we haven't provided guidance out through '27, '28 for additional megawatts than what we've done, obviously, to market. And we've taken an approach where once we announce some capacity, we're very focused on designing and delivering that capacity. and allocating that capacity to customer contracts. So it is -- to your point, there is a bit of momentum there. We are contracting at a faster rate, and we're trying to focus on those customers that can grow with us and bringing on good quality, high-quality customers that will take up that capacity. I'd expect you'll see in the forward period us announcing some customer contracts, which will be attached to that -- that capacity that we've already got locked up under AICP. So you'll see some recontracting some of that capacity from our perspective. So there's a little bit of that for us to work through over the forward period. And then we're going to be starting to work through again the outlook capacity that we've got coming up. There's a few 1000 classes and some smaller classes for us to contract and announce as well that we're very focused on from a deployment perspective. So bringing that all together, I think I'm not going to promise you the same momentum or the same pace, but we do have quite a lot of customer conversations that are very materially advanced for the existing AICP cluster. And then we are starting to have those early conversations about the larger announced capacity when that's coming online and so forth. So we've got to go through -- as I alluded to earlier, we've got to finalize those designs. So we -- the form factor, the delivery dates and work with our OEM partners around that delivery. So we firm up the RFS dates. But we want to get customers on those GB300s. We want to deliver that in '27. We want to make sure we're there for those customers for VR in 2028. how we mix and match all of those. Obviously, we're going to need additional capacity. We're very clear that we are ambitious about growing those things. But I've always said this is a customer journey in many ways. It's -- we're matching our capacity to our customer demands and making sure that we're comfortable that we can finance those and get those things deployed in appropriate time frames. Jonathon Higgins: Yes, I understand sort of stepping through it. And just another one. I mean, you sort of talked about the sovereign sort of capability of the group, the demand that's in Australia, New Zealand and Asia Pacific. Can you talk about that -- like give us an idea on what the demand is or the shortages are out of ANZ and Asia versus say like what you're seeing in the U.S.? Like is it -- are they having a greater inability to be able to source the compute than what you're seeing in, say, the U.S. market, which is obviously experiencing shortages as well? James Manning: I think the entire market is constrained to start with. So it doesn't matter whether we're talking to customers that are in North America or in Asia or Australia, the entire market is constrained. And so when you start talking to any of the customer conversations that we're having, for hundreds of thousands of GB300s just on this AICP program, we've got 40,000. So we've got a multiple of the cluster that we have in demand. So that's why these conversations and releasing some additional capacity and announcing that is very useful because what we can start to talk to is, hey, yes, we can give you 5,000 or a number of the 40,000 GPUs and we can work with you on this additional capacity for '27, and we can work with you for this in '28. And so those conversations are giving customers a pipeline, making sure they've got access to compute and democratizing that access and making sure we've got a lot of customers on it because we want to build that broaden the base ultimately of customers on the compute. And so we're not just focused on those, but also like the smaller 1000 clusters, those customer contracts because as you land those and expand them out, finding lots of customers on 1000 or 500 clusters and the ability to grow at that is very important for us as well. So Look, I think the only other thing I'd say is the demand from both U.S. and Asia is equally strong, but we're very focused on having that balanced customer book. So -- but we are very much prioritizing those customers that we think have got strong growth profiles so we can expand those relationships over multiyear terms. Jonathon Higgins: Excellent. I might just take one more, if that's okay. Just more on the financial side of the business. So I mean the financing, as you say in your release, you're talking about you've got a lot more dry powder than you had at the start of the year. And with the NVIDIA deal and the movement that we've seen in sort of financing and the like, can you talk about how you're sort of seeing the IRRs in the business? You don't need to necessarily call out the number, but how are you seeing them and where the cost of finance has moved for you guys and the ability to access that over the last sort of several months from the last quarter? James Manning: Yes. So I think what we did in the last quarter have been phenomenal, and we're very thankful for our ongoing shareholder support with the $1.6 billion raise and Oaktree's earlier one for the convertible note that they were all instrumental steps for us to grow this business. And so I think we have been very lucky that we've had that level of support from equity markets and the trust in us delivering that story has been given to us. On the debt markets piece, we're very advanced on debt facilities across the business. We'd expect to be coming to market and exploring and explaining some of those solutions that we've got near term. I won't bid against myself, John, and tell everyone where we are on pricing and so forth on this call. But we are seeing really strong -- and you can see that at the top line. You can see that in the price per megawatt or price per GPU hour. We're seeing very strong pricing on the compute side. That's reflective to the strong customer demand, and that's reflecting in very strong IRRs, which is supportive of a debt environment ultimately. So we've just recently concluded our full technical diligence to lenders, and we got through all of that in very short order and in very good order. So we're very comfortable about delivering on that program. So yes. Operator: Your next question is from Fedor Shabalin with B. Riley Securities. Fedor Shabalin: My question is kind of a follow-up of the first two questions have been asked. So on the NVIDIA partnership and the GB300 capacity under the management, what kind of customers are you targeting to fill that capacity? And can you frame how much of it you expect to be contracted like take-or-pay versus sold on demand? Is there a preference here? And related to that, does the mix skew differently by customer type, like hyperscaler versus enterprise? And how does that affect the GPU hour rates you're underwriting? And if you can comment on what the deployment schedule looks like for these 40,000 GPUs that would be super helpful. James Manning: Well, thanks for the question. No, it's always happy to give you the breakdown. For the AI natives that we're seeing on the AICP program, I think you can expect the VAST majority will be them on take-or-pay. So who are they? They are various model builders, inference providers, and we'll be deploying that over the first half of 2027, and that compute will be online. We are seeing -- there will be a little bit of spot, but the VAST majority will be, as I alluded to earlier, those 3- to 5-year terms on a take-or-pay basis. So very focused on those customers that we can grow with. And so I think the great thing for us is that they've been a really good way for us to get that early conversation about what they need elsewhere in our capacity pipeline for '27. And so we're seeing those AI natives all wanting to lock up as much compute as possible for as long as possible. And the overwhelming comment is can we have more and can we have term. And so we're trying to balance that against what we can see is clearly a constrained market and matching all those components so we can continue to grow and execute, but also know that it's fully deployed, and we don't have a huge customer churn across the platform because while you might look at doing some of those customers on spot and we'll have a portion of the market in spot, it's a lot easier to have those customer relationships. The egress that we talk about for storage when you're at 4,000 or 5,000 GPUs, it is a bit of work egressing a customer on a network at that scale. And so it makes a lot of sense to keep them locked in for a bit more term versus a short-term spot for that sort of stuff. If it's the inference stuff, we're going to see that inference can come and go a lot faster. But a lot of the AI natives are looking for a longer-term solution with a bit more storage deployment. So we're looking to ensure that we've got deployment over half one 2027 with full billing on in Q3 across that cluster. Fedor Shabalin: That's helpful. And my follow-up is you've guided to revenue ramping materially from third quarter this year through 2027. And my question is, what's the biggest swing factor that could push that ramp like into 4Q? For example, if DS, right -- we have -- if I recall correctly, service start date is September 16. Just want to figure out what could potentially happen or you can just reassure us that this is the starting date. James Manning: Yes. Great question. So we're currently -- we've got RFS dates from a data center perspective. We're obviously relying on our data center partners to make sure they do their delivery. We are carefully tracking and monitoring our supply deliveries. So those deliveries are Supermicro, for instance. But we -- if you say what are the risk factors, it's hardware delivery and data center readiness. They're the 2 ones and the third-party supplier relationships we'll have a very solid Q4. We believe that it's an end of Q3 turning on. So Q4 will be where you materially see that revenue ramping. So as I sort of alluded to on the call, we've delivered the B300 to that customer. So we're mid-quarter now. So you'll see a month and a full month and a bit of billing in Q3 for the B300 as well. So that's all starting to ramp. And then you'll see the -- as we get the hardware deployed, and we were out looking at the site last week, physically, the data centers look like they're in good order. We're getting through those processes and deployments. So we just sort of get the compute online and get it delivered and get it online and then hand it over to the customer. So -- but I think you'll see a solid Q4 result on those numbers. Fedor Shabalin: Thank you very much. And I promise this is the last one. You're right, mid-2027 GPU target and secured capacity multiple times since June. And just question, is that upward revision being driven by signed contracts pulling capacity forward or by anticipated demand ahead of signed paper? And kind of what conditions make you confident to post contracted megawatt target if it will happen? James Manning: Yes. So I think the customer demand is definitely there. And then the data center delivery piece, we're very confident of looking at -- from our perspective, how we look at those things being built and delivered, we can see that the data centers can be built and delivered in that time frame. So the 64,000 GPUs that we're talking about is contracted demand by mid-'27. So we're very comfortable about that. We don't have an issue with that. So it's really then how we think about what else are we delivering in '27, and we upgraded to 80 megawatts today, and we'll look to update additional megawatts in the future. But as you know, we've been slowly, slowly building this story out. And we -- it doesn't feel so slow when you're inside the business. I can assure you we're constantly adding people and team to make sure that we can deliver, and that's really, really important. So we moved from 132 megawatts to 212 megawatts by the end of 2027 today. I'd just point back to our history from where we came through from the beginning of the year, and I know there's a slide in the deck about how we've upgraded megawatts. So I'm not going to promise you, I'm going to upgrade at that rate all the way through from my '27 turn on dates, but we are very focused on how we expand our '27 opportunity. We 4x capacity in sort of 8 months across the business. I don't know if I can promise you a 4x capacity in the next 8 months, but we're going to work really hard to add capacity. But we're going to do it in a measured way. We have to make sure that the customer signing contracts, and we have to make sure the finances -- financing for each of these sort of deals are in place before we just go and sign up. We're not going to go yell out capacity without having the right dynamics in place, both around the customer and the financing economics in place to do this. Great. Thank you very much. So I think that concludes our call today. I just wanted to say thank you for all our shareholders and everyone that was on the call and listened to us. Importantly, I wanted to say thank you to our team. They continue to execute. We got that B300 on just recently, and we're moving to deliver the next batch of chip compute. So it's really important that our team hears my thanks for delivery because 2026 and 2027 will be the year about delivery for us. So I just want to reiterate from a closing position, we're both well positioned financially and operationally to continue to grow the APAC story, both Australia, New Zealand, Asia Pac markets across the balance of the year and beyond. And we just want to thank everyone for their support and time again today. Thank you. Operator: This concludes today's conference, and you may disconnect your lines at this time. Thank you for your participation. Before you buy stock in SharonAI, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SharonAI wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $400,209!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,375,393!* Now, it’s worth noting Stock Advisor’s total average return is 964% — a market-crushing outperformance compared to 215% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of August 14, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. SharonAI (SHAZ) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

This article first appeared on GuruFocus. Release Date: August 06, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Secured AI factory capacity increased to 212 megawatts, up from 132 megawatts, with 120 megawatts under multi-year take-or-pay agreements. Executed a six-year strategic compute collaboration with NVIDIA worth $4.9 billion in total contract value, providing supply certainty and a guaranteed minimum revenue stream. Raised approximately $2.2 billion in capital since December 2025, including a $1.6 billion oversubscribed financing round, ensuring strong funding for near-term buildout. Contracted revenue book grew to roughly $8.8 billion year-to-date, with demand consistently outpacing supply and pricing reaching record levels over $4 per GPU hour. Expanded partnership with Vast Data to 600 petabytes of storage, supporting growth up to 100,000 GPUs and enhancing backend infrastructure capabilities. Revenue recognition is still in early stages, with material revenue not expected until Q4 2026, indicating a lag between contract signings and actual earnings. Dependence on third-party suppliers for hardware delivery and data center readiness poses execution risks that could delay deployment timelines. The NVIDIA partnership's pricing is a floor, not a ceiling, and incremental revenue above the minimum is shared with NVIDIA, potentially limiting upside. The company has not provided guidance for capacity beyond 2027, creating uncertainty about future growth sustainability. The CFO transition (Tim Broadford stepping down) could introduce temporary leadership instability during a critical growth phase. Warning! GuruFocus has detected 2 Warning Sign with KRMN. Is SHAZ fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide details on the source of the additional 80 megawatts of capacity and the demand/pricing for the NVIDIA partnership capacity?A: James Manning (CEO): The additional 80 megawatts is from a new partner solution in Australia, with early megawatts potentially coming online as early as late this year, but definitely in Q1 next year, with delivery through 2027. Regarding the NVIDIA partnership, we recently sold capacity for record prices over $4 per GPU hour for both B300 and GB300 deployments. The market is extremely constrained for GPU access, and we are seeing strong pricing continue throughout the year due to this scarcity. Q: What is the priority between reselling the NVIDIA backstop capacity versus selling the remaining 92 megawatts of secured capacity?A: James Manning (CEO): Our short-term focus is on reselling the NVIDIA capacity because there is significant demand from AI natives, and the program has put us on the map globally. We are already having conversations with these customers about our additional capacity for 2027 and 2028. This gives us excellent forward visibility into customer demand profiles, as many are asking for guarantees on future capacity in our pipeline, which helps us plan our overall growth strategy. Q: What is the target contract duration for reselling the NVIDIA capacity, and how are you balancing the mix?A: James Manning (CEO): We are largely being driven by customers, but the demand we are seeing is in the three to five-year range. Customers want to lock up compute for as long as possible. We are trying to find a balanced book by splitting the 40,000 GPUs between a mix of three to five-year contracts, while also considering customers' forward demand profiles. Our goal is to land customers we can expand with over time, as it's easier to grow existing relationships. Q: At what point would you look to expand the storage partnership with Vast Data beyond the 600 petabytes commitment?A: James Manning (CEO): We are always in discussions with Vast Data and are looking at how to expand that storage. We are seeing a huge shift in customer demand for more storage per GPU. For example, the recent $1.32 billion contract included 10 petabytes of storage per 1,000 GPUs, a material upgrade from the standard 3 petabytes. This changes how we design facilities and requires us to think about additional storage capacity and load dynamics as we plan for future growth. Q: How do your partnerships with Nvidia, Dell, Vast, and data center operators support your growth strategy and provide line of sight into future demand?A: James Manning (CEO): Our partner network is crucial for lowering execution risk and providing market insights. We get customer referrals through these channels, and we hear about supply constraints and demand trends from our supply-side partners. The information flow through the network is very valuable, as it helps us anticipate changes in customer profiles, like the shift to higher storage requirements, before we need to implement them in our business. Q: Are customers engaging on next-generation Vera Rubin commitments for late '27/'28 deliveries, and how do you see pricing trending relative to GB300s?A: James Manning (CEO): We haven't started pricing Vera Rubin yet, but we are seeing extraordinary demand for it. Customers are already asking about our late 2027 and early 2028 VR capacity and want to secure and lock in those deliveries. We are working through where Vera Rubin deployments will be and are conscious of this demand in our data center procurement and design planning. Q: How should we think about capacity growth into 2028 and the pace of contracting?A: James Manning (CEO): We haven't provided guidance for additional megawatts beyond what we've announced. We are focused on designing, delivering, and allocating our current capacity. We are contracting at a faster rate and focusing on high-quality customers that can grow with us. You'll see us announce customer contracts attached to our existing capacity, and we are working through the outlook for future capacity. We are ambitious about growing, but it's a customer-led journey where we match capacity to demand and ensure we can finance and deploy appropriately. Q: Can you compare the demand and compute shortages in the ANZ/Asia-Pacific region versus the US market?A: James Manning (CEO): The entire market is constrained, whether in North America, Asia, or Australia. Demand for our AICP program alone is for hundreds of thousands of GB300s, and we only have 40,000. This is why announcing additional capacity is usefulit allows us to offer customers a pipeline and democratize access. Demand from both US and Asia is equally strong, and we are prioritizing customers with strong growth profiles to expand relationships over multi-year terms. Q: How do you see IRRs in the business and the ability to access debt financing given the recent capital raises?A: James Manning (CEO): We are very advanced on debt facilities and expect to come to market soon. We are seeing very strong pricing on the compute side, which reflects strong customer demand and supports very strong IRRs, making the business attractive for debt providers. We recently completed full technical diligence for lenders in short order, and we are comfortable about delivery on our program. Q: What kind of customers are you targeting for the NVIDIA GB300 capacity, and what is the expected mix of take-or-pay versus on-demand contracts?A: James Manning (CEO): The vast majority of the AI natives on the AICP program will be on take-or-pay contracts. These include model builders and inference providers, and we expect deployments over the first half of 2027. There will be a little bit of spot capacity, but the focus is on three to five-year terms. We are seeing AI natives wanting to lock up as much compute as possible for as long as possible, and we are balancing that against the constrained market to ensure full deployment and minimize customer churn. Q: What is the biggest swing factor that could push the revenue ramp from Q3 into Q4, and can you reassure us on the service start date?A: James Manning (CEO): The main risk factors are hardware delivery and data center readiness, which are third-party supplier relationships. We are carefully tracking supply deliveries and data center readiness. We believe we will have a solid Q4 with revenue ramping materially. We've already delivered a B300 cluster to a customer this month, so you'll see billing in Q3, and we For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in SharonAI Holdings, Inc. Class A Common Stock? Here are five stocks we like better. SharonAI expanded secured AI capacity to 212 MW, including 120 MW under multiyear take-or-pay contracts, and expects to deploy more than 64,000 NVIDIA GPUs by mid-2027 across Australia and New Zealand. The company’s contracted revenue book reached approximately $8.8 billion, driven by major agreements with NVIDIA, a global AI lab, a technology company and an AI platform. SharonAI raised about $2.2 billion since December 2025 and expects material revenue to begin in the fourth quarter of 2026, although the ramp depends on hardware deliveries and data-center readiness. SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) said it expanded its secured AI factory capacity, contract backlog and funding during the second quarter, as the company works to deploy GPU infrastructure across Australia and New Zealand. Chief Executive Officer and co-founder James Manning said the company had secured 212 megawatts of total AI factory capacity as of the call date, up 80 MW from its prior guidance of 132 MW. Of that total, 120 MW has been contracted under multiyear take-or-pay agreements, while 92 MW remains available to sell. SharonAI expects to deploy more than 64,000 NVIDIA GPUs by mid-2027. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth “The central message from the quarter is that we have materially increased each of the three inputs required to scale this business: AI factory capacity, contracted customer demand, and capital,” Manning said. SharonAI said it has executed approximately $8.8 billion in total contract value year to date. Manning said the company’s portfolio had consisted of 100 MW of capacity and $2.2 billion in total contract value three months earlier, meaning secured capacity has more than doubled while the contracted book has increased roughly fourfold. → 4 Oil and Gas ETF Plays as Prices Stay Sky-High The company highlighted several recently announced agreements: A six-year strategic compute collaboration with NVIDIA with $4.9 billion in minimum revenue, involving an initial 72 MW deployment and 40,000 GB300 GPUs. A five-year take-or-pay agreement with a global AI lab valued at $1.32 billion in total contract value. A five-year take-or-pay agreement with a global technology company valued at $950 million. A five-year take-or-pay agreement with a global AI platform valued at $373 million. Manning said the most recent global AI platform agreement involves a B300 deployment priced at more than $4 per GPU hour, which he described as a record rate for the company. He said demand for GPU capacity remains constrained and that SharonAI has been able to pursue higher pricing in customer discussions. → Sandisk Just Delivered a Blowout Quarter—Here's Why the Stock Is Falling Under the NVIDIA arrangement, NVIDIA provides a six-year anchor commitment intended to support financing for GPU and related infrastructure investments. Manning said the agreement establishes a minimum price rather than a ceiling. SharonAI expects to contract a significant portion of the capacity at prices above the minimum and retain the anchor price while sharing incremental revenue with NVIDIA. The additional 80 MW of capacity announced during the quarter comes from a new partner and is located in Australia, according to Manning. He said some initial megawatts could become available as early as late 2026, with further delivery expected through 2027. SharonAI began the year with 54 MW of secured capacity, according to Manning. The company has also established its first New Zealand facility, supporting its sovereign infrastructure strategy for customers with data residency and regulatory requirements. The company said it has handed over a B300 cluster to a customer and is working on further B300 and GB300 deployments through the remainder of the third quarter and into early fourth quarter. Manning said SharonAI expects its first material revenue to begin in the fourth quarter of 2026 as large-scale deployments come online. During the question-and-answer session, Manning said the 40,000 GPUs included in the NVIDIA-backed program are expected to be deployed during the first half of 2027. He said the company expects the vast majority of that capacity to be sold under three- to five-year take-or-pay contracts, primarily to AI-native companies such as model builders and inference providers. A smaller portion may be available for spot demand. Management said the primary factors that could affect the revenue ramp are hardware delivery and data-center readiness. Manning said the company is tracking supplier deliveries and its data-center partners’ construction and readiness milestones. SharonAI expanded its storage commitment with VAST Data to 600 petabytes, which Manning said could support growth to as many as 100,000 GPUs. He also said customer requirements are increasing storage needs per GPU cluster. One recent contract, for example, includes 10 PB of storage per 1,000 GPUs, compared with a standard reference architecture of about 3 PB per 1,000 GPUs. The company said it has raised approximately $2.2 billion since December 2025, including a $1.6 billion oversubscribed strategic financing round completed in June and a $350 million convertible note completed in April. Manning said SharonAI is also advanced in discussions concerning debt facilities, though he did not provide details on prospective financing terms. SharonAI said its capital-efficient model relies on partnerships with data-center operators rather than developing greenfield facilities. The company identified NVIDIA as its primary compute supplier, NEXTDC as its primary provider of data-center capacity, VAST Data as a storage partner, and World Wide Technology as its exclusive APAC procurement, testing and implementation partner. The company announced several leadership appointments, including Anuj Goel, formerly of Macquarie Group, as chief financial officer; Melissa Anastasiou as chief legal officer; and Andrew Penn as non-executive chairman of the board. Manning also thanked outgoing CFO Tim Broadfoot, while Ross Barrows, head of capital strategy and investor relations, said the company’s latest quarterly filing would be Broadfoot’s final 10-Q. Broadfoot will continue consulting with SharonAI for a period, Barrows said. Looking ahead, Manning said SharonAI’s contracting visibility extends through 2031 and that the company plans to focus on execution, delivery and operating performance over the next 12 months. “2026 and 2027 will be the year about delivery for us,” he said. SharonAI Holdings Inc is a high-performance computing (HPC) company deploying large-scale energy and compute infrastructure, USA energy markets and infrastructure asset management. Its services include: Sovereign AI Australia, GPU-as-a-Service, SHARON AI Cloud, SHARON AI Private Cloud, Virtual Private Clusters, HPC Servers, SHARON AI Supercluster, GPU Fleet, Virtual Servers, Cloud Storage, AI Model Training, High-Performance Computing (HPC), and Video Encoding & Decoding. The company's products are: Sovereign AI Australia, GPU-as-a-Service, SHARON AI Cloud, SHARON AI Private Cloud, Virtual Private Clusters, HPC Servers, SHARON AI Supercluster, GPU Fleet, Virtual Servers, Cloud Storage, AI Model Training, High Performance Computing (HPC), and Video Encoding & Decoding. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "SharonAI Holdings, Inc. Class A Common Stock Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Total contract value reaches ~$8.8bn Six-year strategic NVIDIA compute collaborationSecured AI Factory capacity increases by 80MW to 212MW NEW YORK, Aug. 6, 2026 /PRNewswire/ -- Sharon AI Holdings Inc. (NASDAQ: SHAZ) and its subsidiaries ("Sharon AI" or "the Company"), a leading Australian Neocloud, today reported its financial and operational results for the second quarter ended June 30, 2026. All amounts are in U.S. dollars unless otherwise indicated. Second Quarter 2026 Highlights Customer Momentum Capacity and Platform Balance Sheet and Capital Leadership and Governance Second Quarter 2026 Financial Results Revenue: $1.9m, an increase of 412% from 2Q 2025 Net income (loss): $(430.4m), including non-cash items totaling $423.8m, primarily reflecting a $400.4m fair value loss on convertible notes resulting from share price appreciation, compared to a net loss of $(2.6m) in 2Q 2025. Adjusted EBITDA1: $0.6m, compared to $(1.7m) in 2Q 2025 Cash and cash equivalents: $1.9bn at June 30, 2026 Total Contract Value ("TCV")2: $8.8bn as of August 6, 2026 Management Commentary "In the second quarter, we established the commercial, infrastructure, and capital foundations for Sharon AI's next phase of growth at scale," said James Manning, Co-Founder and Chief Executive Officer of Sharon AI. "Customer engagement continues to broaden and deepen, reflecting strong demand for secure, high-performance AI infrastructure and a growing recognition that access to power, compute and data sovereignty will be critical constraints as AI adoption accelerates. "Our focus is on converting that demand and our contracted commitments into durable revenue growth and long-term shareholder value through disciplined execution. We are on track to bring contracted capacity online in accordance with our deployment schedule, while maintaining a thoughtful approach to capital allocation and pace of expansion. Revenue is expected to ramp materially from the third quarter of 2026 through 2027. With an experienced leadership team backed by deep technical and operating expertise across the business, a best-in-class partner ecosystem and a strengthened balance sheet, we believe Sharon AI is well positioned to become a leading sovereign AI infrastructure platform across Australia, New Zealand, and the broader Asia-Pacific region." Subsequent Highlights In the third quarter 2026 to-date, the Company has announced: $1.32bn, five-year, take-or-pay contract with a global AI lab, anchoring Sharon AI's expansion to New Zealand Additional 80MW of capacity, bringing total capacity to 212MW, for deployment in 2026 and 2027, underpinned by a growing pipeline of additional capacity $373m, five-year, take-or-pay contract with a global AI platform for a deployment of 2,048 NVIDIA B300 GPUs 64,000+ NVIDIA GPUs expected to be deployed by mid 2027 Anuj Goel as Chief Financial Officer and Melissa Anastasiou as Chief Legal Officer 2Q 2026 Results Conference Call & Webcast Date & Time: Thursday, August 6, 2026, 4:30 p.m. ETWebcast: Use this linkU.S. Dial-in: 888-506-0062International Dial-in: +1-973-528-0011Conference ID: 376509 A replay of the webcast will be available at sharonai.com/investors following the event. About Sharon AI Sharon AI (NASDAQ: SHAZ) is a leading Australian neocloud expanding access to artificial intelligence through trusted, secure and sovereign AI infrastructure. Through its AI Factory platform and colocation partners, Sharon AI enables organisations across Australia, New Zealand, and globally to confidently build, train and deploy AI at scale. For more information, visit www.sharonai.com. Disclosure Information Sharon AI primarily uses its Investor Relations page (https://sharonai.com/investors/) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. The Company also notes that, at times, it uses other communication mediums including, but not limited to, its X account (sharon__ai) and/or LinkedIn account (sharon-AI) to disseminate information about the Company, and can be additional sources of information outside press releases, regulatory filings with the SEC and any other conference calls, webcasts, investor days, etc. that the company may hold. Forward-Looking Statements This press release may contain, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are not historical facts, and which are not assurances of future performance. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. In some cases you can identify these statements by forward-looking words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "could," "should," "would," "project," "strategy," "plan," "expect," "goal," "seek," "future," "likely" or the negative or plural of these words or similar expressions or references to future periods. Forward-looking statements in this release include specific statements regarding the intended use of proceeds. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Sharon AI's management team's expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding: Service and product offerings; Receipt and use of proceeds; The deployment of assets and expansion of network procurement; Sharon AI's ability to engage with additional potential customers; Expansion of Sharon AI's data center footprint and capacity; and The strengthening of Sharon AI's partner network. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, among others, all of the risks described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K filed with the SEC and other reports subsequently filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at www.sec.gov. The forward-looking statements and other information contained in this news release are made as of the date hereof and Sharon AI does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Non–GAAP Financial Measures This press release includes "Adjusted EBITDA," which is a non–GAAP financial measure. The Company defines Adjusted EBITDA as net income (loss) adjusted to exclude: (i) interest expense (income), net; (ii) income tax expense (benefit); (iii) depreciation and amortization; (iv) stock-based compensation expense; (v) fair value adjustments on convertible notes; and (vi) other non-cash or non-recurring items that management does not consider indicative of the Company's ongoing operating performance. Adjusted EBITDA is not a substitute for net income (loss) or any other measure of financial performance prepared in accordance with U.S. GAAP and may not be comparable to similarly titled measures used by other companies. Management believes Adjusted EBITDA is useful to investors because it provides a supplemental measure of the Company's core operating performance by excluding the effects of capital structure decisions (such as interest expense and fair value changes on convertible notes), non-cash charges (such as depreciation, amortization and stock-based compensation), and tax impacts that can vary significantly between periods and across companies. Management uses Adjusted EBITDA to evaluate the Company's performance, compare performance across periods, and assist in the allocation of resources. Investors are cautioned that Adjusted EBITDA has limitations as an analytical tool and should not be considered in isolation or as a substitute for analysis of the Company's results as reported under U.S. GAAP. A reconciliation of Adjusted EBITDA to the most directly comparable U.S. GAAP financial measure is included in the tables accompanying this press release. To the extent the Company provides forward-looking Adjusted EBITDA guidance in connection with this release or the related earnings call, a reconciliation of such forward-looking non-GAAP measure to the most directly comparable U.S. GAAP measure may not be available without unreasonable effort due to the inherent difficulty in forecasting and quantifying certain amounts, including but not limited to fair value adjustments on convertible notes, stock-based compensation expense, and other non-cash or non-recurring items, the timing and magnitude of which may be significant. Contacts [email protected] [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/sharon-ai-reports-second-quarter-2026-results-302844903.html

The United States market has shown robust performance, climbing 1.6% in the last 7 days and up 28% over the past year, with earnings forecasted to grow by 17% annually. In this thriving environment, growth companies with high insider ownership can be particularly appealing as they often signal strong confidence from those closest to the business and can offer significant potential for earnings growth. Click here to see the full list of 176 stocks from our Fast Growing US Companies With High Insider Ownership screener. Underneath we present a selection of stocks filtered out by our screen. Simply Wall St Growth Rating: ★★★★★☆ Overview: REalloys Inc. is a North American company specializing in rare earth metals and permanent magnets, with a market cap of $548.05 million. Operations: The company's revenue is primarily derived from its Metals & Mining - Miscellaneous segment, totaling $0.80 million. Insider Ownership: 31.8% Earnings Growth Forecast: 69.1% p.a. REalloys, with high insider ownership, is poised for significant growth, driven by strategic alliances and innovative technologies. The company recently announced a partnership with Ramaco Resources to secure rare earth materials essential for U.S. strategic sectors. Despite reporting a net loss of US$75.56 million in 2025 and delayed SEC filings, REalloys' revenue is forecasted to grow rapidly at 66.8% annually, outpacing the market average significantly, although share price volatility remains a concern. Navigate through the intricacies of REalloys with our comprehensive analyst estimates report here. Insights from our recent valuation report point to the potential overvaluation of REalloys shares in the market. Simply Wall St Growth Rating: ★★★★★☆ Overview: Streamex Corp. is a medical device technology company that offers advanced digital signal processing solutions for electrophysiology in the United States, with a market cap of $273.53 million. Operations: Streamex Corp. generates its revenue through the provision of advanced digital signal processing solutions specifically designed for electrophysiology applications in the U.S. Insider Ownership: 12.1% Earnings Growth Forecast: 114.5% p.a. Streamex, with substantial insider ownership, is positioned for growth through its innovative tokenized securities platform. The recent launch of a 24/7 secondary liquidity infrastructure in partnership with Orca enhances the trading of its gold-backed GLDY tokens on the Solana blockchain. Despite a significant net loss of US$46.69 million in Q1 2026 and share price volatility, Streamex's revenue and earnings are forecasted to grow rapidly, surpassing market averages significantly. Click here to discover the nuances of Streamex with our detailed analytical future growth report. Upon reviewing our latest valuation report, Streamex's share price might be too optimistic. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Tutor Perini Corporation is a construction company offering general contracting, construction management, and design-build services to both private customers and public agencies in the United States and internationally, with a market cap of $3.76 billion. Operations: The company's revenue segments include $3.16 billion from Civil (Including Management Services), $1.97 billion from Building (Including Management Services), and $885.90 million from Specialty Contractors. Insider Ownership: 14.2% Earnings Growth Forecast: 49.6% p.a. Tutor Perini, characterized by high insider ownership, is poised for significant earnings growth, projected at 49.63% annually over the next three years. Despite revenue growth lagging behind the broader market at 9.1%, the company trades 51.5% below its estimated fair value and has seen substantial insider buying recently. Q1 2026 results showed increased sales of US$1.39 billion but a slight decline in net income to US$25.7 million compared to last year’s figures. Delve into the full analysis future growth report here for a deeper understanding of Tutor Perini. Upon reviewing our latest valuation report, Tutor Perini's share price might be too pessimistic. Access the full spectrum of 176 Fast Growing US Companies With High Insider Ownership by clicking on this link. Searching for a Fresh Perspective? Uncover 24 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years. Companies discussed in this article include ALOY STEX and TPC. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

The United States market has experienced a notable upswing, climbing 1.6% in the last week and up 28% over the past year, with earnings projected to grow by 17% annually. In this environment, growth companies with high insider ownership stand out as potentially attractive investments due to their alignment of interests between management and shareholders and their potential for significant earnings expansion. Click here to see the full list of 176 stocks from our Fast Growing US Companies With High Insider Ownership screener. Let's uncover some gems from our specialized screener. Simply Wall St Growth Rating: ★★★★★☆ Overview: AIRO Group Holdings, Inc. is a multi-faceted advanced Aerospace and Defense company operating in the United States, Europe, and internationally, with a market cap of $282.38 million. Operations: The company's revenue segments consist of Drones at $77.13 million, Avionics at $6.38 million, and Training at $4.51 million. Insider Ownership: 12.6% Earnings Growth Forecast: 67.2% p.a. AIRO Group Holdings is poised for growth with expected revenue expansion of 28.5% annually, outpacing the US market. Despite a volatile share price, insider transactions show more buying than selling recently. The company is exploring acquisitions to enhance its drone and avionics platforms while planning share repurchases to boost shareholder value. Recent product unveilings highlight AIRO's focus on defense and government applications, with promising advancements in autonomous aircraft technology aimed at commercialization by 2027. Click to explore a detailed breakdown of our findings in AIRO Group Holdings' earnings growth report. In light of our recent valuation report, it seems possible that AIRO Group Holdings is trading behind its estimated value. Simply Wall St Growth Rating: ★★★★★★ Overview: Astera Labs, Inc. designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure with a market cap of $58.77 billion. Operations: The company's revenue primarily comes from its semiconductor segment, amounting to $1.00 billion. Insider Ownership: 10.3% Earnings Growth Forecast: 31.5% p.a. Astera Labs is experiencing rapid growth, with earnings projected to increase significantly at 31.5% annually, surpassing the US market average. Despite recent insider selling, the company’s revenue is expected to grow 26.4% per year, driven by innovative product launches like the Scorpio X-Series Smart Fabric Switch targeting AI and data center markets. Recent financials show a strong performance with Q1 sales of US$308.36 million and net income of US$80.31 million, reflecting robust operational momentum. Delve into the full analysis future growth report here for a deeper understanding of Astera Labs. Upon reviewing our latest valuation report, Astera Labs' share price might be too optimistic. Simply Wall St Growth Rating: ★★★★★☆ Overview: Paymentus Holdings, Inc. offers cloud-based bill payment technology and solutions both in the United States and internationally, with a market cap of approximately $2.95 billion. Operations: Paymentus Holdings generates revenue primarily from providing services to financial companies, amounting to $1.28 billion. Insider Ownership: 30.6% Earnings Growth Forecast: 24.4% p.a. Paymentus Holdings is positioned for growth with earnings forecasted to rise 24.4% annually, outpacing the US market. Recent innovations like Billeo™ and BillWallet® aim to revolutionize service commerce through AI-driven solutions, enhancing customer interactions. The company reported strong Q1 results with sales of US$358.44 million and increased net income, leading to an upward revision in full-year revenue guidance to between US$1.425 billion and US$1.440 billion, indicating positive momentum despite no recent insider trading activity. Get an in-depth perspective on Paymentus Holdings' performance by reading our analyst estimates report here. In light of our recent valuation report, it seems possible that Paymentus Holdings is trading beyond its estimated value. Dive into all 176 of the Fast Growing US Companies With High Insider Ownership we have identified here. Ready For A Different Approach? These 24 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years. Companies discussed in this article include AIRO ALAB and PAY. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Interested in SharonAI Holdings, Inc. Class A Common Stock? Here are five stocks we like better. SharonAI said Q1 momentum was driven by three new customer contracts, including ESDS and GMI Cloud, plus a post-quarter $950 million deal, lifting total contracted value to more than $2.2 billion and supporting an exit-2026 revenue run rate of at least $470 million. The company raised its expected data center capacity from 70 MW to more than 100 MW by early 2027, with new supply coming through partners in Australia and New Zealand as it works to match megawatts to customer demand. Storage is becoming a bigger part of SharonAI’s GPU infrastructure offering, with customers requesting far more storage than standard Nvidia reference designs and management calling it a high-margin driver of customer stickiness and renewals. SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) used its first earnings call as a Nasdaq-listed company to highlight a rapid expansion in contracted AI compute demand, new data center capacity and a growing focus on storage as part of its GPU infrastructure offering. Chairman, CEO and Co-Founder James Manning said the quarter ended March 31, 2026, was “an amazing 1st quarter” as the company transitioned to public markets. Manning was appointed CEO in January, replacing Wolf Schubert, who continues to work with SharonAI on North American projects. The company listed on Nasdaq in February under the ticker SHAZ in a transaction with Soar and raised $125 million led by Lucid Capital, according to Manning. → Micron Investors Face a High-Stakes Moment After the Latest Rally SharonAI describes itself as one of Australia’s leading “NeoClouds,” providing AI-native, high-performance computing-grade infrastructure for hyperscalers, AI-native companies and enterprise customers. Manning said the company’s model centers on deploying latest-generation GPU compute through partnerships with data center operators, OEMs and infrastructure providers. Manning said SharonAI signed three meaningful customer contracts during the quarter. The company formalized an agreement with Canva through a master services agreement, signed GMI Cloud, and executed a contract with ESDS, an India-based IT services provider. Manning said the ESDS contract is worth $1.25 billion in total contract value over five years, with revenue expected to begin in September 2026. → How Berkshire’s New York Times Bet Looks Today The CEO also pointed to a contract announced after the quarter: a $950 million, five-year take-or-pay agreement with a global technology company with a major Asia-Pacific presence. Revenue from that deal is expected to begin in the third or fourth quarter of 2026. “Cumulatively, this takes our TCV to more than $2.2 billion contracted, and we expect our exit 2026 revenue run rate of at least $470 million,” Manning said. → Reading the Stripes: Is The Industrial Recession Over? Manning said SharonAI generally targets five-year or longer contracts, often structured as take-or-pay agreements. He said that structure gives the company revenue visibility because customers are paying for full utilization. In response to a question from Alex Frohman of Lucid Capital Markets, Manning said the ESDS contract includes two one-year options, potentially extending the agreement to seven years, with decisions on later-year renewals occurring in year four. SharonAI said it has increased expected data center capacity from 70 megawatts in 2026 to more than 100 megawatts by early 2027. Manning said the company had previously secured 50 megawatts with NEXTDC in late 2025 and has continued to add power allocations through data center partners. In the Q&A, Manning said the company is focused on matching available megawatts with customer demand. He cited “M2,” a 40-megawatt project in Melbourne expected in the fourth quarter, as a key next project. Manning said a contiguous 40-megawatt block would likely be suited to a large single customer, such as a hyperscaler, a large language model company or a major AI-native enterprise, rather than being divided among smaller enterprise customers. Asked about additional capacity beyond the newly announced 100 megawatts, Manning said SharonAI is confident it has more megawatts in its pipeline but is not trying to “get over our skis” with guidance. He said some of the newly announced 30 megawatts is in Australia and some is in New Zealand, and that the company intends to remain focused on its geographic region. Several parts of the call focused on storage as an increasingly important part of SharonAI’s offering. Manning said storage contributes to customer “stickiness” and can help drive renewals because customer data remains on SharonAI’s infrastructure over time. In response to Michael Donovan of Compass Point, Manning said SharonAI is seeing roughly $15 million per megawatt in revenue, including an allowance for storage. He said the Nvidia reference architecture might suggest 3 PiB of storage for a 1,000-GPU cluster, but SharonAI is now seeing customer requests for 6, 9 and 12 PiB — or three to four times the standard storage component. Manning described storage as a high-margin value-added component and said customers may request additional storage after they have been using SharonAI’s GPU platform for several months. He also highlighted SharonAI’s relationship with VAST Data, saying VAST provides the storage layer alongside the GPU infrastructure and offers tools that help AI compute access the data layer efficiently. SharonAI said customer demand for GPU compute continues to materially outweigh available supply in Australia and the broader Asia-Pacific region. Manning said the company’s status as one of Australia’s Nvidia cloud partners, along with relationships with OEMs and partners such as WWT, helps it access and deploy GPUs. Responding to Brett Knoblauch of Cantor Fitzgerald, Manning said capacity remains constrained in 2026. For GB300 deployments, SharonAI is generally seeing 12- to 14-week lead times for GPUs, while networking equipment has a longer lead time. Manning said the company has pre-ordered network and storage components to shorten deployment timelines. On capital spending, Manning said SharonAI is already incurring some costs and has pre-ordered storage and networking. He said the company has purchased storage sufficient for about 70,000 GPUs and is currently guiding to approximately $39 million per megawatt in all-in capital costs, including non-recurring data center costs. Manning said the company is funded for currently announced contracts through equity proceeds, customer deposits and an Oaktree note expected to close early the following week. In closing remarks, he also referred to a previously announced $350 million convertible note. Manning said SharonAI has appointed Jardine domestically for GPU financing and has several term sheets, adding that the company is “very well advanced” in negotiating the debt component. Beyond its core GPU infrastructure business, SharonAI discussed the sale of Texas Critical Data Centers, or TCDC. Manning said the company established the joint venture with New Era Energy & Digital in January 2025, acquired more than 438 contiguous acres of land in two transactions, completed engineering design work and signed a non-binding letter of intent with a hyperscaler. SharonAI ultimately exited the project in January 2026, realizing $74 million. Manning said such development opportunities are not core to SharonAI’s business and are not expected to be a material part of the company going forward, but he said they can be profitable and may provide non-dilutive capital to accelerate the company’s GPU business. “We continue to see both Australian and rest of world client demand materially outweigh the GPU supply coming to market at scale and in a timely manner,” Manning said. He added that SharonAI is seeing strong demand across enterprise, hyperscale, research, government and AI-native sectors throughout Australia and Asia-Pacific. SharonAI Holdings Inc is a high-performance computing (HPC) company deploying large-scale energy and compute infrastructure, USA energy markets and infrastructure asset management. Its services include: Sovereign AI Australia, GPU-as-a-Service, SHARON AI Cloud, SHARON AI Private Cloud, Virtual Private Clusters, HPC Servers, SHARON AI Supercluster, GPU Fleet, Virtual Servers, Cloud Storage, AI Model Training, High-Performance Computing (HPC), and Video Encoding & Decoding. The company's products are: Sovereign AI Australia, GPU-as-a-Service, SHARON AI Cloud, SHARON AI Private Cloud, Virtual Private Clusters, HPC Servers, SHARON AI Supercluster, GPU Fleet, Virtual Servers, Cloud Storage, AI Model Training, High Performance Computing (HPC), and Video Encoding & Decoding. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "SharonAI Holdings, Inc. Class A Common Stock Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for May 2026.

Acceleration of AI Cloud Growth in Australia and Asia-Pacific Continues NEW YORK, May 15, 2026--(BUSINESS WIRE)--Today, SharonAI Holdings Inc. (NASDAQ:SHAZ) and its subsidiaries ("Sharon AI" or "the Company"), a leading Australian Neocloud, announced the release of its financial and operational results for the first quarter of 2026. Key activities in first quarter 2026 included: Nasdaq IPO: Sharon AI IPO which took place in February 2026, raising US$125m, led by Oaktree Capital Management L.P. & Two Seas Capital LP. Completion of the Sale of 50% holding in Texas Critical Data Centers (TCDC) joint venture for approximately US$74M: with that recycled capital expected to accelerate the growth of the company’s core Australian AI Cloud business Key customer wins - Canva Inc, GMI Cloud Key customer win - ESDS Software Solutions – US$1.25BN TCV, five-year, take or pay contract for an 8K B300 cluster with revenue expected to commence in the third quarter of 2026 Sharon AI and Cisco Launch Australia’s First Secure AI Factory - Cisco Strategic Enterprise go-to-market Partnership – 1K B300 cluster deployment with NEXTDC Strategic Partnership with World Wide Technology for Large Scale, High-Performance AI Infrastructure Engineering & Supply Chain Solutions Sharon AI, Lenovo Infrastructure and Vast Data AI Operating System - 1K B200 cluster deployment with NEXTDC Sharon AI Co-Founder & Chairman Mr. James Manning appointed Chief Executive Officer Events subsequent to 31 March 2026; Key customer win – global technology company with major Asia-pacific presence – US$950M TCV, five-year contract, with revenue expected to commence by the end of each of the third quarter and fourth quarter of 2026 US$350M convertible note announced, led by Oaktree Capital Management L.P. and Two Seas Capital L.P. to expand GPU and network procurement Expanded expected data center capacity from 70MWs to 100MWs for deployment in 2026 and early 2027, data center capacity pipeline continues to grow Significant additions to technical and management team to support expected growth Sharon AI presents at Macquarie Australia Conference and Canaccord Rapid Insights Conference in May 2026 James Manning, Co-Founder and CEO, Sharon AI said "We are pleased to have exited the first quarter of 2026 with significant business momentum, and this has accelerated into the second quarter. Our AI Cloud business has expanded significantly, and we continue to see both Australian and Rest of World demand materially outweighing available supply. Having now upgraded our expected data center capacity twice this year, from initially 55MW, to 70MW, to now 100MW, and with the previously announced US$350M convertible note, we are well placed to continue to grow our customer base over the coming quarters. We continue to see strong demand across enterprise, hyperscale, research, government and AI native sectors throughout Australia and Asia-Pacific." Disclosure Information Sharon AI primarily uses its Investor Relations page (https://sharonai.com/investors/) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. The Company also notes that, at times, it uses other communication mediums including, but not limited to, its X account (sharon__ai) and/or LinkedIn account (sharon-AI) to disseminate information about the Company, and can be additional sources of information outside press releases, regulatory filings with the Securities and Exchange Commission (SEC) and any other conference calls, webcasts, investor days, etc. that the company may hold. About Sharon AI SharonAI Holdings Inc. (NASDAQ: SHAZ) and its subsidiaries ("Sharon AI"), a leading Australian Neocloud, is a High-Performance Computing company focused on Artificial Intelligence and Cloud GPU/CPU Compute Infrastructure. Our AI Cloud platform and compute infrastructure is accelerating the build of AI factories and sovereign AI solutions, powering the next wave of accelerated computing adoption. For more information, visit www.sharonai.com. Forward-Looking Statements This press release may contain, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are not historical facts, and which are not assurances of future performance. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. In some cases you can identify these statements by forward-looking words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "could," "should," "would," "project," "strategy," "plan," "expect," "goal," "seek," "future," "likely" or the negative or plural of these words or similar expressions or references to future periods. Forward-looking statements in this release include specific statements regarding the completion of the offering and the intended use of proceeds. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Sharon AI’s management team’s expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding: Service and product offerings; Receipt and use of proceeds; The deployment of assets and expansion of network procurement; Sharon AI’s ability to engage with additional potential customers; Expansion of Sharon AI’s data center footprint and capacity; and The strengthening of Sharon AI’s partner network. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, among others, all of the risks described in the "Risk Factors" section of the Company’s most recent Annual Report on Form 10-K filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at www.sec.gov. The forward-looking statements and other information contained in this news release are made as of the date hereof and Sharon AI does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. View source version on businesswire.com: https://www.businesswire.com/news/home/20260515327013/en/ Contacts Sharon AI Media Enquiries: Ross Barrows – Head of Capital Strategy & Investor Relations [email protected] Zachary Nevas IMS Investor Relations +1 203.972.9200 [email protected]

In the last week, the United States market has stayed flat, yet it has seen a remarkable 25% increase over the past year with earnings forecasted to grow by 17% annually. In this thriving environment, growth companies with high insider ownership can be particularly appealing as they often indicate strong confidence from those closest to the business in its potential for continued success. Click here to see the full list of 187 stocks from our Fast Growing US Companies With High Insider Ownership screener. Below we spotlight a couple of our favorites from our exclusive screener. Simply Wall St Growth Rating: ★★★★★☆ Overview: Aeluma, Inc. develops optoelectronic and electronic devices for sensing, communication, and computing applications in the United States with a market cap of $488.06 million. Operations: The company's revenue is primarily derived from its Semiconductor Equipment and Services segment, which generated $5.23 million. Insider Ownership: 25.8% Earnings Growth Forecast: 68.6% p.a. Aeluma is positioned for significant growth with forecasted revenue expansion of 77% annually, outpacing the US market. Despite a volatile share price and recent net losses, its strategic focus on high-growth sectors like AI infrastructure and quantum technologies is bolstered by substantial U.S. government contracts exceeding US$4 million. The company's innovative quantum dot laser platform, supported by NASA awards, enhances its competitive edge in photonics integration. However, low projected return on equity remains a concern. Click to explore a detailed breakdown of our findings in Aeluma's earnings growth report. Our valuation report here indicates Aeluma may be overvalued. Simply Wall St Growth Rating: ★★★★☆☆ Overview: STAAR Surgical Company designs, develops, manufactures, and sells phakic implantable lenses and accessory delivery systems for the eye, with a market cap of approximately $1.40 billion. Operations: The company's revenue is primarily generated from its ophthalmic surgical products, totaling $239.44 million. Insider Ownership: 26.2% Earnings Growth Forecast: 71.6% p.a. STAAR Surgical's growth potential is underscored by its forecasted revenue increase of 11.8% annually, slightly above the US market average. Recent earnings showed significant improvement with sales reaching US$93.52 million, a substantial rise from the previous year, and a shift to net income of US$5.21 million from a prior loss. The recent FDA approval expanding age indications for its EVO ICL product enhances market reach, supporting long-term growth prospects despite past financial volatility. Dive into the specifics of STAAR Surgical here with our thorough growth forecast report. Insights from our recent valuation report point to the potential overvaluation of STAAR Surgical shares in the market. Simply Wall St Growth Rating: ★★★★★☆ Overview: Hyliion Holdings Corp. designs and develops power generators for stationary and mobile applications, with a market cap of approximately $477.92 million. Operations: Hyliion Holdings Corp. focuses on the design and development of power generators for both stationary and mobile applications, although specific revenue segments are not detailed in the provided information. Insider Ownership: 22.5% Earnings Growth Forecast: 54.3% p.a. Hyliion Holdings shows promising growth potential, with revenue expected to rise 75.2% annually, significantly outpacing the US market. Recent earnings reveal a substantial increase in revenue to US$2.83 million, though net losses persist at US$11.74 million. The successful demonstration of its KARNO reactor's multi-fuel capability highlights technological advancements that could drive future sales and market expansion. Despite financial volatility and limited cash runway, Hyliion's innovative approach supports its growth trajectory in diverse applications. Unlock comprehensive insights into our analysis of Hyliion Holdings stock in this growth report. Our comprehensive valuation report raises the possibility that Hyliion Holdings is priced higher than what may be justified by its financials. Navigate through the entire inventory of 187 Fast Growing US Companies With High Insider Ownership here. Contemplating Other Strategies? The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 16 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years. Companies discussed in this article include ALMU STAA and HYLN. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Over the last 7 days, the United States market has risen by 1.1%, contributing to an impressive 27% climb over the past year, with earnings forecasted to grow by 17% annually. In this thriving environment, companies that exhibit high growth potential and significant insider ownership can be particularly appealing, as they often indicate strong confidence from those closest to the business. Click here to see the full list of 181 stocks from our Fast Growing US Companies With High Insider Ownership screener. Let's take a closer look at a couple of our picks from the screened companies. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Evolus, Inc. is a performance beauty company that provides products in the cash-pay aesthetic market across the United States, Canada, Europe, and Australia with a market cap of $442.54 million. Operations: The company's revenue segment focuses on delivering medical aesthetic products to the cash-pay aesthetic market, generating $301.79 million. Insider Ownership: 11.1% Earnings Growth Forecast: 66.7% p.a. Evolus, Inc. is poised for significant growth with its forecasted profitability within three years and revenue growth expected to outpace the broader US market at 14.4% annually. Recent earnings show a narrowing net loss, and the company anticipates annual revenues between US$327 million and US$337 million for 2026. The upcoming European launch of Estyme marks an international expansion in dermal fillers, potentially enhancing revenue streams despite historically volatile share prices and negative shareholders' equity concerns. Click here and access our complete growth analysis report to understand the dynamics of Evolus. Our expertly prepared valuation report Evolus implies its share price may be lower than expected. Simply Wall St Growth Rating: ★★★★★★ Overview: Upstart Holdings, Inc. operates a cloud-based AI lending platform in the United States and has a market cap of approximately $2.58 billion. Operations: The company's revenue is primarily derived from its personal lending segment, which generated $1.01 billion. Insider Ownership: 12.8% Earnings Growth Forecast: 58.5% p.a. Upstart Holdings is positioned for robust growth, with earnings projected to rise significantly at 58.5% annually, outpacing the US market. Despite a recent net loss of US$6.65 million in Q1 2026, insider activity indicates more buying than selling over three months. Revenue is expected to grow by 24.6% per year, surpassing market averages. However, substantial insider selling and legal challenges pose risks amidst partnerships with credit unions expanding its lending platform's reach. Take a closer look at Upstart Holdings' potential here in our earnings growth report. Insights from our recent valuation report point to the potential overvaluation of Upstart Holdings shares in the market. Simply Wall St Growth Rating: ★★★★☆☆ Overview: StubHub Holdings, Inc. operates a global ticketing marketplace for live event tickets and has a market cap of $2.81 billion. Operations: The company generates revenue through its worldwide ticketing marketplace for live events. Insider Ownership: 13% Earnings Growth Forecast: 80.3% p.a. StubHub Holdings is forecast to achieve profitability within three years, with earnings expected to grow significantly at 80.31% annually. Recent Q1 results show a turnaround with US$48.05 million net income, compared to a loss last year. Revenue growth of 14.6% annually outpaces the US market average but remains below 20%. Strategic partnerships and AI integrations enhance its distribution capabilities, though insider trading activity lacks substantial recent buying or selling signals. Click to explore a detailed breakdown of our findings in StubHub Holdings' earnings growth report. Our valuation report here indicates StubHub Holdings may be undervalued. Gain an insight into the universe of 181 Fast Growing US Companies With High Insider Ownership by clicking here. Ready To Venture Into Other Investment Styles? Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years. Companies discussed in this article include EOLS UPST and STUB. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]