Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
"The Cheesecake Factory" Q2 2025 Earnings Call - Record Revenue and Highest Four-Wall Restaurant Margin in Eight Years
The Cheesecake Factory beat expectations in Q2 fiscal 2025, posting record revenue of $956 million and adjusted diluted EPS of $1.16. Results were driven by steady comparable sales at the flagship Che...
- Q2 total revenues $956.0 million, adjusted diluted net income per share $1.16, GAAP diluted EPS $1.14, both above the high end of prior guidance.
- Cheesecake Factory comparable restaurant sales rose 1.2% in Q2, with record-high average weekly sales and annualized unit volumes near $12.8 million for the quarter.
- Four-wall restaurant margin at Cheesecake Factory climbed to 18.5%, up 80 basis points year over year, the highest level in eight years, attributed to labor productivity, food efficiencies and wage management.
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Dolby Laboratories Q3 2025 Earnings Call - Licensing Strength and Auto Wins Lift Results, Guidance Unchanged
Dolby delivered a tidy quarter, with Q3 revenue of $316 million, licensing revenue of $290 million, and non-GAAP EPS of $0.78, all slightly above guidance ranges. Management held full year guidance, c...
- Q3 revenue was $316 million, up 9% year over year.
- Licensing revenue for Q3 was $290 million, also up 9% year over year, and came in at the high end of guidance due to some fourth quarter activity arriving early.
- Non-GAAP EPS for the quarter was $0.78, just above the high end of the provided range.
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Perdoceo Education Corporation Second Quarter 2025 Earnings Call - Enrollment-Driven Beat, Outlook Raised
Perdoceo reported a clear enrollment-led quarter, beating expectations as student growth and the University of St. Augustine for Health Sciences acquisition meaningfully boosted revenue and profitabil...
- Q2 revenue $209.6 million, up ~26% year over year versus $166.7 million in Q2 2024.
- Net income $41.0 million, or $0.62 per diluted share; adjusted EPS $0.67 versus $0.59 prior year.
- Total student enrollments increased 17.4% year over year, marking the seventh consecutive quarter of enrollment growth.
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Universal Display Corporation Q2 2025 Earnings Call - Record Q2, raised guidance and phosphorescent blue commercialization milestone
Universal Display posted a clean, profitable quarter: $172 million in revenue, roughly $67 million in net income and gross margins near 77%. Management nudged the low end of full year guidance higher ...
- Q2 revenue of $172 million, record quarterly performance reported by management.
- Net income of $67 million, reported EPS approximately $1.40 to $1.41 per diluted share.
- Company raised the low end of full year 2025 revenue guidance to a range of $650 million to $700 million.
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Enovix Q2 2024 Earnings Call - A1 platform in customer qualification as Fab 2 scales and warrant dividend funds buildout
Enovix reported a beat in Q2 with $7.5 million revenue, a 98% year over year rise, and a 31% non-GAAP gross margin driven by defense product sales. The call pivoted around the A1 platform, now sampled...
- Revenue of $7.5 million beat guidance of $4.5 to $6.5 million and rose 98% year over year.
- Non-GAAP gross margin reached 31%, helped by higher-margin defense product shipments from the acquired Korean facility.
- Enovix launched the A1 platform, a 100% active silicon anode design claiming about 900 watt hours per liter, 3C charge capability, and a projected 1,000 cycle life, now in commercial qualification.
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"WillScot Mobile Mini Holdings Corp." Q2 2025 Earnings Call - Sequential leasing revenue inflection and $130M Q2 adjusted free cash flow, but small-project demand remains weak
WillScot reported a steady quarter: adjusted EBITDA of $249 million, sequential leasing revenue growth, and robust cash generation even as smaller, interest-rate sensitive projects stayed soft. Manage...
- Adjusted EBITDA was $249 million in Q2, with an adjusted EBITDA margin of 42.3% in the quarter and a trailing twelve month margin noted at 43.8%.
- Adjusted free cash flow was $130 million in Q2, a 22.1% margin, and the last 12 months generated $555 million of adjusted free cash flow (24% margin, $3.05 per share).
- Leasing revenue inflected positively on a sequential basis, up 2% in Q2, the first sequential leasing revenue growth (ex Q4 seasonality) since Q3 2023. Management views this as the first step back toward year over year revenue growth.
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Lumen Technologies Q2 2025 Earnings Call - AT&T sale unlocks $5.75B to delever and fund AI-focused transformation
Lumen used Q2 to turn strategy into action. The company agreed to sell its consumer fiber-to-the-home business to AT&T for $5.75 billion, tightened its balance sheet with a $2 billion bond refi, and p...
- Lumen agreed to sell its consumer fiber-to-the-home business to AT&T for $5.75 billion, a transaction management says provides strategic clarity and a path to materially delever.
- Management plans to use proceeds to pay down about $4.8 billion of super priority debt at close, which should cut annual interest expense by roughly $300 million, reduce CapEx by about $1 billion, and lower leverage by roughly one turn.
- The company completed a $2 billion bond offering that extended maturities into 2033 and cut coupon rates by more than 3.5 percentage points, saving roughly $50 million of annual interest expense; combined actions this year reduce annual interest by about $100 million so far.
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Hercules Capital Q2 2025 Earnings Call - Record fundings and >$1B originations, balance sheet kept conservative
Hercules Capital closed Q2 2025 by doubling down on scale while refusing to chase yield. The firm reported a second consecutive quarter of more than $1 billion in total gross debt and equity commitmen...
- Record originations continued, with over $1 billion of total gross debt and equity commitments in Q2, marking the second consecutive quarter above $1 billion.
- Q2 gross fundings hit a record $709.1 million, up 53.7% year over year.
- Net debt portfolio grew by $192.1 million in Q2, and grew over $461.9 million in the first half of 2025.
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Freshworks Q2 2025 Earnings Call - Strong Revenue, Margin Expansion, and Early AI Monetization
Freshworks reported a robust Q2, balancing double digit growth with marked margin expansion. Revenue rose 18% year over year to $204.7M, non GAAP operating margin expanded to 22%, and adjusted free ca...
- Q2 revenue $204.7M, up 18% year over year, 17% constant currency.
- Non GAAP operating margin widened to 22%, non GAAP gross margin was 86%.
- Adjusted free cash flow $54.3M in Q2, representing a 27% adjusted FCF margin, up 65% year over year.
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National MI Second Quarter 2025 Earnings Call - Record revenue and portfolio growth with a $1.3B capital cushion
National MI delivered a clean, robust quarter: record total revenue of $173.8M, $12.5B of new insurance written and a record $214.7B of primary insurance in force. Adjusted net income was $96.5M ($1.2...
- NIW: $12.5 billion of new insurance written in Q2; primary insurance in force reached a record $214.7 billion, up 2% q/q and 5% y/y.
- Financials: Record total revenue of $173.8 million; adjusted net income of $96.5 million, or $1.22 diluted EPS; adjusted ROE 16.3%.
- Premiums & yields: Net premiums earned were $149.1 million; net yield 28 bps; core yield (ex reinsurance and cancellations) 34.2 bps, up slightly q/q.
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