Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Bloom Energy Fourth Quarter 2025 Earnings Call - Backlog Surge to $6B Product and $14B Service, 2026 Guide Points to Acceleration
Bloom closed 2025 with a statement of scale, not a whisper. Product backlog jumped 140% year over year to roughly $6 billion, service backlog sits near $14 billion, and management is pushing a 2026 pl...
- Q4 revenue was $777.7 million, up 35.9% year over year; full-year 2025 revenue was a record $2.0 billion, up 37.3% versus 2024.
- Product backlog increased approximately 140% year over year to about $6 billion; service backlog is approximately $14 billion.
- Management says 100% of new product orders are attached to service, reinforcing a large, recurring service revenue stream.
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OpenText Q2 FY2026 Earnings Call - Content Cloud Momentum, Divestitures and AI Platform Set the Course
OpenText reported a steady quarter powered by content cloud momentum, early-stage AI product rollouts, and a deliberate portfolio reshaping program. Q2 revenue came in at $1.33 billion, cloud revenue ...
- Total Q2 revenue $1.33 billion, cloud revenue $478 million, up 3.4% year over year.
- Enterprise cloud bookings $295 million, up 18% year over year; closed 53 cloud deals over $1 million.
- Total cloud RPO up 13.7% year over year; ARR $1.06 billion, up 0.7% year over year; ARR represented 80% of total revenue.
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Coursera Q4 and Full Year 2025 Earnings Call - Platform Fee and Udemy Deal to Accelerate AI-Native Skilling Platform
Coursera closed 2025 with steady top-line growth and tangible margin progress while laying down two big structural bets: a 15% platform fee on eligible new sales to fund AI-native product investments,...
- Full-year 2025 revenue $757 million, up 9% year-over-year, above prior outlooks.
- Record free cash flow of $78 million in 2025, a 32% increase from 2024; year-end unrestricted cash ~$793 million and no debt.
- Adjusted EBITDA margin expanded 240 basis points to 8.4% for the full year, reflecting improved operating leverage.
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MGM Resorts International Fourth Quarter and Full Year 2025 Earnings Call - BetMGM Turnaround and MGM China Cash Flow Let MGM Buybacks and Fund Osaka while Vegas Stabilizes
MGM walked out of 2025 with a clearer split personality. Macau and BetMGM were the engines, producing record EBITDA and cash distributions that materially change the company’s optionality. Las Vegas i...
- Consolidated strength was driven by Macau and digital: MGM reported record Q4 and full-year EBITDA in Macau and consolidated Q4 EBITDA growth of ~20%.
- BetMGM executed a near $470 million annual EBITDA turnaround in 2025, producing a $135 million distribution to MGM in Q4.
- BetMGM guidance for 2026 is $300 million–$350 million of Adjusted EBITDA and $50 million of expected CapEx, with a parent-company plan to reach $500 million Adjusted EBITDA in 2027.
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MPS Q4 2025 Earnings Call - Enterprise Data Momentum Sets 50%+ Growth Floor
MPS closed 2025 with a record quarter and a materially stronger template for 2026. Full-year revenue hit $2.8 billion, up 26.4% year over year, and Q4 posted $751.2 million, a new quarterly high. Mana...
- Bernie Blegen, MPS EVP and CFO for 10 years, announced retirement; Rob Dean, Corporate Controller, named interim CFO to ensure continuity.
- MPS reported 2025 full-year revenue of $2.8 billion, up 26.4% year over year, and record Q4 revenue of $751.2 million, up 1.9% sequentially and 20.8% year over year.
- Non-enterprise data end markets grew over 40% year over year in 2025, fueling diversified growth outside core enterprise segments.
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Impinj Q4 2025 Earnings Call - Custom ASIC and Gen2X set the stage, but Q1 hit by logistics inventory burn and product transitions
Impinj closed 2025 with stable revenue, record adjusted EBITDA, and a bulging cash position, even as the business faces a near-term revenue cliff. Management says the first quarter will be weak, drive...
- Q4 revenue was $92.8 million, down 3% sequentially and up 1% year-over-year; full year 2025 revenue was $361.1 million, down 1% versus 2024.
- Q4 Endpoint IC revenue totaled $75.2 million, down 5% sequentially but up 2% year-over-year, with M800 reported as the volume runner.
- Management expects Endpoint IC revenue to decline sequentially at a high teens percentage in Q1 2026, driven primarily by a logistics customer label reallocation, channel inventory burn down, retail weakness, and annual price reductions.
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StepStone Group Inc. Q3 2026 Earnings Call - Record Core Fee-Related Earnings and Fundraising, Offset by GAAP Loss from Private Wealth Buy-In
StepStone closed Q3 2026 with peak operating momentum, delivering its best quarter ever in core fee-related earnings and a record 12-month fundraising haul, even as GAAP net income suffered from the o...
- GAAP net loss of $123 million, or $1.55 per share, driven by the accounting impact of the buy-in of StepStone Private Wealth profits and interests, not operating weakness.
- Core fee-related earnings (FRE) hit an all-time high, with reported FRE of $89 million, up 20% year-over-year, and core FRE (ex-retroactive fees) up 35% YoY; FRE margin was 37%.
- Adjusted net income was $80 million, or $0.65 per share, versus $53 million, or $0.44, a year ago, reflecting higher fee and performance-related revenues.
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Alpha and Omega Semiconductor Fiscal Q2 2026 Earnings Call - Monetized JV to Fund R&D Shift into AI and High-Value Power Solutions
Alpha and Omega delivered a soft December quarter, revenue $162.3 million, down 11.1% sequentially and 6.3% year over year, with non-GAAP gross margin at 22.2% and a non-GAAP loss of $0.16 per share. ...
- Revenue for fiscal Q2 (Dec) was $162.3 million, down 11.1% sequentially and down 6.3% year over year.
- Non-GAAP gross margin was 22.2%, non-GAAP EPS was a loss of $0.16 per share.
- Management views March quarter as a near-term low, guiding revenue of approximately $160 million plus or minus $10 million, and non-GAAP gross margin ~21% plus or minus 1%.
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Good Times Restaurants Incorporated Q1 2026 Earnings Call - EBITDA Flat, Sales Soft; Loyalty Tech and Cook-to-Order Changes Aim to Reignite Traffic
Good Times reported a Q1 revenue decline of roughly 10% to $32.7 million, yet managed to deliver flat adjusted EBITDA of $1.3 million versus last year and a marginal net income of $0.2 million, or $0....
- Total revenues fell about 10% year over year to $32.7 million for Q1 fiscal 2026.
- Adjusted EBITDA was flat at $1.3 million, matching Q1 2025, despite the current quarter having one fewer week.
- Net income to common shareholders was $0.2 million, or $0.02 per share, for both Q1 2026 and Q1 2025.
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CleanSpark Fiscal Q1 2026 Earnings Call - Mining Funds Infrastructure Push into AI Data Centers
CleanSpark used Q1 results to recalibrate its identity. The company reported $181 million of revenue and maintained healthy gross margins above 47% from a >50 exahash mining footprint, but posted a ne...
- Revenue for Q1 FY26 was $181 million, down about 19% sequentially, with gross margin above 47% despite rising network difficulty and softer Bitcoin prices.
- Net loss of ~$379 million driven primarily by a ~$350 million mark-to-market write down on Bitcoin holdings; adjusted EBITDA was negative $295 million but normalized EBITDA would be about $55 million (≈30% normalized margin).
- CleanSpark operates a scaled mining footprint of more than 50 exahash per second and produced roughly flat Bitcoin volumes year over year, with realized revenue near $100,000 per Bitcoin in the quarter.
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