Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Kraft Heinz Q4 2025 Earnings Call - CEO Pauses Separation, Committing $600M to Jumpstart Volume-Led Recovery
Kraft Heinz closed a bruising 2025 with material share losses and margin pressure, but converted that damage into cash. Full-year adjusted EPS fell to $2.60, down 15% year over year, and organic net s...
- CEO Steve Cahillane pauses the planned separation, citing tougher market conditions and a need to restore business momentum before revisiting structural moves.
- Management will deploy approximately $600 million of incremental investment in 2026 to drive a volume-led, profitable recovery, funded from strong free cash flow and a healthy balance sheet.
- 2025 adjusted EPS was $2.60, a 15% decline versus 2024, driven by share losses, margin pressure, higher tax rate, and increased interest expense.
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Youdao Q4 2025 Earnings Call - AI subscriptions and ads drive growth and first full-year positive operating cash flow
Youdao closed 2025 with a clear AI-native narrative backed by numbers. Q4 revenues rose 16.8% year-over-year to RMB 1.6 billion, powered by a return to growth in learning services and strong online ma...
- Q4 net revenue RMB 1.6 billion, up 16.8% year-over-year, led by learning services and online marketing gains.
- Full year 2025 revenue RMB 5.9 billion, up 5% year-over-year; operating profit rose 48.7% to RMB 221.3 million.
- Youdao delivered its first full year of positive operating cash flow, RMB 55.2 million, versus a RMB 67.9 million outflow in 2024; Q4 operating cash inflow was RMB 184.2 million.
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Robinhood Q4 and Full-Year 2025 Earnings Call - Product Velocity Turns into Diversified, Profitable Growth
Robinhood closed 2025 with a clean set of numbers and a loud strategic pivot from single-product growth to a multi-armed financial super app. Management delivered record revenue of $4.5 billion, adjus...
- Record 2025 financials, revenues $4.5 billion, up 52% year-over-year, adjusted EBITDA $2.5 billion with a 56% adjusted EBITDA margin.
- Total platform assets grew nearly 70% year-over-year to $324 billion, with $68 billion of net deposits for 2025 and a record Q4 net deposits of $16 billion.
- Q4 revenue was a record $1.3 billion, and management reported strong start to 2026 with equity volumes +50% YoY and options +20% YoY in January.
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Mattel, Inc. Fourth Quarter 2025 Earnings Call - Buys Mattel163; $150M Reinvestment Hits 2026, Targets 2027 Payoff
Mattel closed 2025 with a mixed finish: Q4 gross billings grew 6% and POS was positive across all regions, but U.S. December softness left the company below its full year expectations. Management is d...
- Mattel reported Q4 gross billings up 6% year-over-year, with North America +7% and international +4% in constant currency, but U.S. December growth missed expectations and weighed on full year results.
- Point of sale (POS) was positive across all regions and roughly +3% for both the quarter and full year, indicating demand existed even as U.S. retail ordering patterns shifted.
- Mattel agreed to acquire NetEase’s 50% interest in Mattel163 for $159 million, valuing the JV at $380 million; Mattel163 has ~20 million monthly active users and ~550 million downloads to date.
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James Hardie Q3 FY2026 Earnings Call - Integration Momentum: Synergies on Track as Company Lays Groundwork for FY2027 Margin Recovery
James Hardie reported a solid Q3, beating guidance with total net sales of $1.24 billion, driven by the AZEK acquisition and modest organic growth. Management stressed that execution and commercial mo...
- Total net sales rose 30% to $1.24 billion in Q3, which included $275 million of acquired AZEK sales; organic sales were up about 1%.
- Adjusted EBITDA for the quarter was $330 million, with an adjusted EBITDA margin of 26.6%.
- Siding and Trim adjusted EBITDA was $269 million with a 34.1% margin, a near 500 basis point sequential improvement driven largely by price and mix.
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Astera Labs Q4 2025 Earnings Call - Hyperscaler Validation and $6.5B Amazon Warrant, But Big OpEx and Execution Stretch Ahead
Astera Labs closed out FY2025 with heavy acceleration: Q4 revenue of $270.6 million (up 17% q/q, 92% y/y) and full-year revenue of $852.5 million (up 115% y/y). Management pointed to broad-based stren...
- Q4 2025 revenue $270.6M, up 17% sequentially and 92% year-over-year; FY2025 revenue $852.5M, up 115% y/y.
- Scorpio P-Series continued a volume ramp at the lead customer and exceeded management’s target (Scorpio P >10% of revenue for the year); management claims it is the only PCIe 6 fabric shipping in volume today.
- Scorpio X-Series shipped pre-production quantities in Q4; initial shipments to additional hyperscalers expected in H2 2026 with volume ramps set for 2027; engaged with 10+ customers for X family.
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Exelixis Fourth Quarter and Fiscal Year 2025 Earnings Call - Zanzalintinib NDA Accepted; CABOMETYX Keeps Momentum
Exelixis closed 2025 with a clean slice of momentum, driven by CABOMETYX market strength and a regulatory milestone that could reshape the company. CABO posted robust growth, with US franchise net pro...
- FDA accepted the NDA for zanzalintinib plus atezolizumab in third-line-plus colorectal cancer, PDUFA date set for December 3, 2026.
- STELLAR-303 met one of its dual primary endpoints, showing a 20% reduction in risk of death in the ITT population; non-liver-metastases (NLM) OS data were favorable but immature, with a final analysis expected mid-2026.
- Exelixis plans an aggressive zanzalintinib development program, with seven ongoing or planned pivotal trials and additional combination discussions underway, signaling intent to build a second oncology franchise.
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Insperity Fourth Quarter 2025 Earnings Call - Margin recovery underway, HRScale to seed 2027 growth
Insperity closed 2025 with weak near-term profitability but a clear, deliberate pivot to margin recovery. Q4 adjusted EPS was negative $0.60 and adjusted EBITDA was negative $13 million, though exclud...
- Q4 adjusted EPS was negative $0.60 and adjusted EBITDA was negative $13 million; excluding a $2.8 million accelerated office consolidation charge adjusted EPS improves to negative $0.54 and adjusted EBITDA to negative $11 million.
- Average paid worksite employees (WSE) in Q4 were 312,377, a 1.1% increase over Q4 2024, but slightly below forecast due to client net hiring volatility and a weaker November.
- Gross profit per WSE in Q4 was $183 per month, generally in line with guidance; benefit costs were elevated from healthcare claims development but partially offset by favorability in other benefits, workers compensation, and payroll tax.
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Freshworks Q4 2025 Earnings Call - Reached Profitability as EX Upmarket Momentum and Freddy AI Drive Growth
Freshworks closed 2025 at a clear inflection point. The company reported full-year GAAP profitability for the first time, record free cash flow, and outperformance across revenue and margins. Annual r...
- Freshworks achieved GAAP profitability for the first time in company history for fiscal 2025, aided by two large one-time items: a $151.7 million deferred tax valuation allowance release and a $41.1 million reduction in stock-based compensation related to the executive chairman departure.
- The business finished 2025 with $907 million in ARR, up 18% year-over-year as reported and over 14% on a constant currency basis.
- Employee Experience (EX) is the growth engine, crossing $510 million in ARR, up 26% year-over-year as reported and 22% on a constant currency basis, and management expects EX to sustain 20% plus ARR growth.
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Lattice Semiconductor Q4 2025 Earnings Call - Data Center AI Demand Drives A Sharper-Than-Expected Recovery
Lattice closed 2025 with a clean, convincing finish. Q4 revenue accelerated to $145.8 million, up 9.3% sequentially and 24.2% year over year, and management is guiding Q1 2026 to $158 million-$172 mil...
- Q4 2025 revenue $145.8 million, up 9.3% sequentially and 24.2% year over year; full year revenue $523.3 million, up 2.7% versus 2024.
- Q1 2026 revenue guidance $158 million to $172 million, midpoint $165 million, implying roughly 37% year-over-year growth versus Q1 2025; non-GAAP EPS guidance $0.34 to $0.38, midpoint $0.36.
- Non-GAAP gross margin strong at ~69.4% in Q4 and 69.3% for full year 2025; Q1 gross margin guide about 69.5% plus or minus 1% and full-year expected in a similar range.
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