- Stocks Settle Higher on Strong Earnings
May 11, 2026
The S&P 500 Index ($SPX) (SPY) on Monday closed up +0.19%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.29%. June E-mini S&P futures (ESM26) rose +0.18%, and June E-mini Nasdaq futures (NQM26) rose +0.28%.
Stock indexes settled higher on Monday, with the S&P 500 and Nasdaq 10 posting new all-time highs amid strong corporate earnings results and resurgent optimism around artificial intelligence. Strength in chipmakers and AI-infrastructure stocks led the broader market higher on Monday. Gains in stocks were limited on Monday amid rising oil prices and bond yields after the US and Iran failed to reach terms to end the war in the Middle East. Global bond yields rose on concern that the continued standoff will keep energy prices elevated and could force the world’s central banks to tighten monetary policy. The 10-year T-note yield rose +5 bp to 4.41%. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
In the latest developments in the Middle East, President Trump and Iran rejected each other's latest peace proposals to end the 10-week conflict. Iran offered to transfer some of its stockpile of highly enriched uranium to a third country, but rejected the idea of dismantling its nuclear facilities. Iran also demanded a lifting of the US naval blockade and sanctions relief, while maintaining a degree of control over traffic through the Strait of Hormuz. Despite the ceasefire in place since last month, a drone strike over the weekend set a cargo vessel ablaze off Qatar in the Persian Gulf. Also, the United Arab Emirates and Kuwait both said they intercepted hostile drones.
Monday’s US economic news was slightly weaker than expected after Apr existing home sales rose +0.2% m/m to 4.02 million, below expectations of 4.05 million.
Chinese trade news was better than expected, a positive factor for global growth. China Apr exports rose +14.1% y/y, stronger than expectations of +8.4% y/y. Apr imports rose +25.3% y/y, stronger than expectations of 20.0% y/y.
WTI crude oil prices (CLM26) rose more than 2% on Monday, as optimism that the US and Iran would reopen the Strait of Hormuz was dashed after President Trump on Sunday said that Iran's latest peace proposals were "totally unacceptable." The strait remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 4% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of Monday, 83% of the 450 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets settled mixed on Monday. The Euro Stoxx 50 closed down -0.27%. China's Shanghai Composite rallied to a 10-year high and closed up +1.08%. Japan's Nikkei Stock Average fell from a record high and closed down -0.47%.
Interest Rates
June 10-year T-notes (ZNM6) on Monday closed down -11 ticks. The 10-year T-note yield rose +5.4 bp to 4.408%. T-notes were under pressure on Monday from a +2% jump in WTI crude oil prices, which boosted inflation expectations. T-notes fell to their lows on Monday afternoon on weak demand for the Treasury’s $58 billion auction of 3-year T-notes that had a bid-to-cover ratio of 2.54, well below the 10-auction average of 2.64.
European government bond yields moved higher on Monday. The 10-year German Bund yield rose +3.5 bp to 3.040%. The 10-year UK gilt yield rose +8.6 bp to 4.998%.
ECB Governing Council member Martin Kocher said, "If the situation around energy prices does not improve significantly, an interest rate hike will be unavoidable in the near future."
Swaps are discounting an 84% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers and AI-infrastructure stocks rose on Monday amid continued optimism over AI infrastructure build-outs. Qualcomm (QCOM) closed up more than +8% to lead gainers in the Nasdaq 100, and Western Digital (WDC) closed up by more than +7%. Also, Micron Technology (MU) and Seagate Technology Holdings Plc (STX) closed up more than +6%, and NXP Semiconductors NV (NXPI), Intel (INTC), and Texas Instruments (TXN) closed up more than +3%. In addition, Nvidia (NVDA), Applied Materials (AMAT), and Analog Devices (ADI) closed up more than +1%.
Mining stocks moved higher on Monday amid rallies in silver and copper prices. Hecla Mining (HL) closed up more than +11%, and Barrick Mining (B) closed up +9%. Also, Coeur Mining (CDE) closed up more than +6%, and Freeport McMoRan (FCX) closed up more than +4%. In addition, Newmont Corp (NEM) closed up more than +3%, and Anglogold Ashanti (AU) closed up more than +1%.
Consumer-exposed stocks retreated on Monday after Wells Fargo warned about weakening consumer demand. Kohl’s (KSS) closed down more than -10% and Dollar General (GD) closed down more than -8% to lead losers in the S&P 500. Also, Ollie’s Bargain Outlet Holdings (OLLI) closed down more than -8% and Kontoor Brands (KTB) closed down more than -7%. In addition, Target (TGT) and Celsius Holdings (CELH) closed down more than -6%.
Airline stocks and cruise line operators were under pressure on Monday amid a +2% increase in WTI crude oil prices, which boosts fuel costs and undermines the companies' profitability prospects. American Airlines Group (AAL), Alaska Air Group (ALK), and Royal Caribbean Cruises Ltd (RCL) closed down more than -4%. Also, Carnival (CCL) closed down more than -3%, and Norwegian Cruise Line Holdings (NCLH), United Airlines Holdings (UAL), Southwest Airlines (LUV), and Delta Air Lines (DAL) closed down more than -2%.
Beazer Homes USA Inc (BZH) closed up more than +34% on a report that said Dream Finders Homes is close to announcing a $704 million offer to acquire the company.
Babcock & Wilcox (BW) closed up more than +30% after reporting Q1 revenue grew 44% year-over-year, and that Q1 Ebitda nearly quadrupled.
Lumentum Holdings (LITE) closed up more than +16% to lead gainers in the S&P 500 after Nasdaq announced that the stock will replace CoStar Group in the Nasdaq 100 before the market opens on Monday, May 18.
Coherent Corp (COHR) closed up more than +13% on news that CEO Anderson will travel with President Trump to China this week.
Monday.com (MNDY) closed up more than +5% after reporting Q1 adjusted EPS of $1.15, better than the consensus of 93 cents, and raising its full-year revenue forecast to $1.466 billion to $1.474 billion from a previous forecast of $1.45 billion to $1.46 billion, better than the consensus of $1.46 billion.
Iren Ltd (IREN) closed down more than -10% after announcing that it intends to offer $2 billion of convertible senior notes due 2033 in a private offering.
Trade Desk (TTD) closed down more than -7% after HSBC downgraded the stock to reduce from hold with a price target of $20.
Wendy’s (WEN) closed down more than -7% after JPMorgan Chase downgraded the stock to underweight from neutral with a price target of $6.
Dell Technologies (DELL) closed down more than -5% after UBS downgraded the stock to neutral from buy.
Tyler Technologies (TYL) closed down more than -3% after announcing that it intends to offer $1 billion of convertible senior notes due 2031 in a private offering.
Mosaic (MOS) closed down nearly -2% after forecasting Q2 phosphate sales of 1.4 million to 1.7 million tons, weaker than the consensus of 1.78 million tons.
Earnings Reports(5/12/2026)
Aramark (ARMK), Karman Holdings Inc (KRMN), Millicom International Cellular SA (TIGO), On Holding AG (ONON), Qnity Electronics Inc (Q), Ralliant Corp (RAL), Under Armour Inc (UAA), Zebra Technologies Corp (ZBRA).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
- Analog Devices (ADI) Outperforms Broader Market: What You Need to Know
May 11, 2026
Analog Devices (ADI) closed the most recent trading day at $422.73, moving +1.49% from the previous trading session. This change outpaced the S&P 500's 0.19% gain on the day. Elsewhere, the Dow saw an upswing of 0.19%, while the tech-heavy Nasdaq appreciated by 0.1%.
The semiconductor maker's stock has climbed by 18.96% in the past month, falling short of the Computer and Technology sector's gain of 19.09% and outpacing the S&P 500's gain of 9.13%.
The investment community will be closely monitoring the performance of Analog Devices in its forthcoming earnings report. The company is scheduled to release its earnings on May 20, 2026. In that report, analysts expect Analog Devices to post earnings of $2.88 per share. This would mark year-over-year growth of 55.68%. At the same time, our most recent consensus estimate is projecting a revenue of $3.51 billion, reflecting a 32.99% rise from the equivalent quarter last year.
ADI's full-year Zacks Consensus Estimates are calling for earnings of $11.35 per share and revenue of $13.91 billion. These results would represent year-over-year changes of +45.7% and +26.26%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Analog Devices. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 1.19% higher within the past month. Analog Devices currently has a Zacks Rank of #2 (Buy).
With respect to valuation, Analog Devices is currently being traded at a Forward P/E ratio of 36.7. This denotes a discount relative to the industry average Forward P/E of 55.37.
One should further note that ADI currently holds a PEG ratio of 1.68. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Semiconductor - Analog and Mixed was holding an average PEG ratio of 1.39 at yesterday's closing price.
Story Continues
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 25, this industry ranks in the top 11% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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- Analog Devices (ADI) Outperforms Broader Market: What You Need to Know
May 11, 2026 · zacks.com
In the most recent trading session, Analog Devices (ADI) closed at $422.73, indicating a +1.49% shift from the previous trading day.
- TDS Q1 Earnings Surpass Estimates on Spectrum Sale Gains
May 11, 2026
Telephone and Data Systems, Inc. TDS reported first-quarter 2026 earnings that beat the Zacks Consensus Estimate, driven by gains tied to spectrum license sales and continued fiber expansion. Earnings came in at $1.11 per share against the consensus estimate of a loss of 87 cents, delivering a surprise of 227.6%. Revenues rose 6.6% year over year to $309.5 million but missed the consensus mark of $317 million by 2.5%.
The company benefited from strong momentum in its fiber broadband and tower businesses. TDS Telecom expanded its marketable fiber footprint to 1.1 million addresses, while Array Digital Infrastructure posted robust growth in tower rental revenues and spectrum monetization activities.
Telephone and Data Systems, Inc. Price, Consensus and EPS Surprise
Telephone and Data Systems, Inc. price-consensus-eps-surprise-chart | Telephone and Data Systems, Inc. Quote
TDS Gains From Spectrum Monetization
Telephone and Data Systems reported net income from continuing operations attributable to common shareholders of $129.3 million compared with a loss of $23.2 million in the year-ago quarter. The sharp improvement was primarily driven by gains associated with wireless spectrum license sales completed by Array.
During the quarter, Array closed the sale of certain 3.45 GHz and 700 MHz spectrum licenses for $1.018 billion. TDS recorded a book gain of $150.9 million, or $114.7 million net of taxes, from the transaction. Total operating revenues increased to $309.5 million from $290.4 million a year earlier.
Telephone and Data Systems Expands Fiber Reach
TDS Telecom continued to execute on its fiber broadband expansion strategy. The company delivered 40,000 new marketable fiber service addresses during the quarter, up nearly 180% year over year and the highest first-quarter deployment level in company history.
Residential fiber net additions totaled 10,900 during the quarter, up more than 30% from the prior-year period. Total marketable fiber service addresses increased to 1.102 million from 1.062 million at the end of 2025. Fiber revenues rose 13% year over year, helping offset declines in legacy copper and cable operations.
The company also announced an agreement to acquire Granite State Communications in New Hampshire. The acquisition will add approximately 11,000 fiber service addresses contiguous to existing TDS markets and is expected to close in the third quarter of 2026, subject to regulatory approval.
TDS Telecom Revenues Face Legacy Pressure
TDS Telecom generated revenues of $250 million in the quarter compared with $257 million a year earlier. The decline reflected continued weakness in copper and cable markets as well as the impact of divestitures completed in 2025.
Residential revenues declined to $178.6 million from $183.8 million in the year-ago quarter. Cable revenues dropped roughly 10% year over year, while copper-related revenues continued to contract. However, residential revenue per connection improved 1% year over year to $66.41 due to pricing actions and increased fiber penetration.
Adjusted EBITDA for TDS Telecom decreased 3% year over year to $74 million. Capital expenditures more than doubled to $126 million as the company accelerated fiber construction activity and expanded internal construction capabilities.
Story Continues
Telephone and Data Systems Sees Tower Momentum
Array Digital Infrastructure continued to benefit from healthy tower leasing activity. Cash site rental revenues increased 64% year over year, excluding the impact of DISH revenues and T-Mobile interim revenues.
The company also reported sequential improvement in tower tenancy ratios after excluding DISH colocations. Array stopped recognizing DISH revenues during the quarter after the customer failed to make the required payments under its master lease agreement.
Array closed the sale of certain 700 MHz spectrum licenses to T-Mobile on May 5, 2026, for proceeds of $74.8 million. The company also expects to close additional spectrum transactions with T-Mobile and Verizon later in the year, subject to customary approvals.
Telephone and Data Systems Improves Financial Flexibility
Telephone and Data Systems generated strong liquidity during the first quarter of 2026, supported by proceeds from spectrum monetization activities. Cash and cash equivalents totaled $1.37 billion at quarter-end compared with $766 million at the end of 2025, while long-term debt declined to $672.7 million from $823.4 million.
Net cash provided by operating activities from continuing operations was $68.1 million in the first quarter of 2026 compared with net cash used of $42.5 million in the year-ago quarter.
TDS Reaffirms 2026 Outlook
Management reaffirmed its 2026 outlook for both TDS Telecom and Array. TDS Telecom continues to expect total operating revenues between $1.015 billion and $1.055 billion for the full year.
Adjusted EBITDA guidance remains in the range of $310-$350 million, while capital expenditures are projected between $550 million and $600 million. The company expects to deliver 200,000-250,000 new fiber service addresses during 2026.
Array also reaffirmed its 2026 guidance. The business expects revenues between $200 million and $215 million and adjusted EBITDA in the range of $200-$215 million. Capital expenditures are expected to be between $25 million and $35 million as the company continues optimizing tower operations and monetizing spectrum assets.
Zacks Rank
TDS carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Keysight Technologies, Inc. KEYS is scheduled to release second-quarter fiscal 2026 earnings on May 19. The Zacks Consensus Estimate for earnings is pegged at $2.33 per share, suggesting growth of 37.06% from the year-ago reported figure.
Keysight has a long-term earnings growth expectation of 17.45%. The company delivered an average earnings surprise of 4.58% in the last four reported quarters.
Workday, Inc. WDAY is set to release first-quarter fiscal 2027 earnings on May 21. The Zacks Consensus Estimate for earnings is pegged at $2.49 per share, implying growth of 11.7% from the year-ago reported figure.
Workday has a long-term earnings growth expectation of 20.16%. The company delivered an average earnings surprise of 8.53% in the last four reported quarters.
Analog Devices, Inc. ADI is set to release second-quarter fiscal 2026 earnings on May 20. The Zacks Consensus Estimate for earnings is pegged at $2.88 per share, implying growth of 55.7% from the year-ago reported figure.
Analog Devices has a long-term earnings growth expectation of 21.89%. The company delivered an average earnings surprise of 6.11% in the last four reported quarters.
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- AD Q1 Earnings Miss Estimates Despite Site Rental Growth
May 11, 2026
Array Digital Infrastructure, Inc. AD reported first-quarter 2026 earnings that missed the Zacks Consensus Estimate despite strong year-over-year revenue growth. Earnings per share from continuing operations came in at $2.08 against the consensus mark of $5.74, reflecting a negative surprise of 63.76%. Revenues of $52 million also missed the consensus estimate of $56 million by 7.23%.
The top line surged roughly 93% year over year, driven by robust growth in site rental revenues following the execution of the T-Mobile master license agreement. Tower tenancy growth and spectrum monetization remained key operational highlights during the quarter.
Array Digital Infrastructure Inc. Price, Consensus and EPS Surprise
Array Digital Infrastructure Inc. price-consensus-eps-surprise-chart | Array Digital Infrastructure Inc. Quote
AD's Revenue Rises on Tower Leasing Strength
Array generated total operating revenues of $52 million in the first quarter compared with $27 million in the prior-year period. Site rental revenues climbed 92% year over year to $51 million, while services revenues rose to nearly $1 million from $0.4 million a year ago.
The growth was primarily supported by the T-Mobile master license agreement, under which T-Mobile leases space on an additional minimum of 2,015 Array-owned towers. The company also benefited from interim tower leasing arrangements and extended license terms on existing colocations.
Array Continues Expanding Tower Operations
As of March 31, 2026, Array owned 4,452 towers across 19 states with 4,290 colocations and a tower tenancy rate of 0.96. The company continued focusing on growing colocations and amendments on existing towers to drive recurring rental income.
Management highlighted continued progress in optimizing tower operations and securing healthy application volumes despite the impact of DISH Wireless payment disputes. Excluding DISH, the company continued to report tenancy growth during the quarter.
AD Gains From Spectrum Monetization Efforts
Net income attributable to Array shareholders from continuing operations surged to $179.8 million from $4.7 million in the year-ago quarter. The improvement was largely driven by gains tied to spectrum license transactions.
During the quarter, Array closed the sale of certain 3.45 GHz and 700 MHz spectrum licenses to AT&T for proceeds of $1.018 billion and recorded a book gain of $156.6 million. The company also closed a separate 700 MHz spectrum transaction with T-Mobile on May 5, 2026, generating proceeds of $74.8 million.
Array also continues working toward completing additional pending spectrum transactions with Verizon and T-Mobile, totaling significant expected proceeds, subject to regulatory approvals and customary closing conditions.
Story Continues
Array's Expenses and Profitability Improve
Total operating expenses declined sharply to negative $108.8 million from positive $56.6 million in the year-ago quarter, primarily reflecting gains on spectrum license sales. Operating income improved to $160.8 million compared with an operating loss of $29.6 million in the prior-year period.
Adjusted EBITDA from continuing operations increased to $62.5 million from $21.2 million a year ago. Adjusted OIBDA improved to $17.8 million from a loss of $17.4 million in the prior-year quarter.
Cost of operations increased 33% year over year due to higher maintenance expenses, additional ground rent and property-related costs following the wireless business sale. However, selling, general and administrative expenses declined 56% because of lower shared overhead and employee-related costs.
AD's Cash Position Strengthens
Array ended the quarter with cash and cash equivalents of $253.6 million compared with $113.4 million at the end of 2025. The improvement was primarily driven by proceeds from spectrum license sales.
Net cash provided by operating activities related to continuing operations was $24.5 million due to net income of $180.0 million adjusted for non-cash items of $245.9 million, distributions received from unconsolidated entities of $18.4 million and changes in working capital items which increased net cash by $72.0 million.
Cash flows from investing activities totaled more than $1 billion during the quarter, mainly reflecting proceeds from the AT&T spectrum transaction. The company also paid a special dividend totaling $885.5 million during the period.
Array had no borrowings outstanding under its revolving credit facility at quarter-end apart from letters of credit. The company maintained compliance with all financial covenants under its debt agreements.
Array Reaffirms 2026 Guidance
Management reaffirmed its full-year 2026 outlook. Array continues to expect operating revenues between $200 million and $215 million. Adjusted EBITDA is projected in the range of $200-$215 million, while adjusted OIBDA is expected between $50 million and $65 million.
Capital expenditures for 2026 are still projected between $25 million and $35 million. Management remains focused on tower tenancy growth, spectrum monetization and improving operational efficiency as the company continues transforming into a standalone digital infrastructure business.
Zacks Rank
AD carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Keysight Technologies, Inc. KEYS is scheduled to release second-quarter fiscal 2026 earnings on May 19. The Zacks Consensus Estimate for earnings is pegged at $2.33 per share, suggesting growth of 37.06% from the year-ago reported figure.
Keysight has a long-term earnings growth expectation of 17.45%. Keysight delivered an average earnings surprise of 4.58% in the last four reported quarters.
Workday, Inc. WDAY is set to release first-quarter fiscal 2027 earnings on May 21. The Zacks Consensus Estimate for earnings is pegged at $2.49 per share, implying growth of 11.7% from the year-ago reported figure.
Workday has a long-term earnings growth expectation of 20.16%. Workday delivered an average earnings surprise of 8.53% in the last four reported quarters.
Analog Devices, Inc. ADI is set to release second-quarter fiscal 2026 earnings on May 20. The Zacks Consensus Estimate for earnings is pegged at $2.88 per share, implying growth of 55.7% from the year-ago reported figure.
Analog Devices has a long-term earnings growth expectation of 21.89%. Analog Devices delivered an average earnings surprise of 6.11% in the last four reported quarters.
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- Ubiquiti Q3 Earnings Surpass Estimates on Healthy Revenue Growth
May 11, 2026
Ubiquiti Inc. UI reported strong third-quarter fiscal 2026 results, with both bottom and top lines surpassing the Zacks Consensus Estimate.
The New York-based networking products and solutions provider reported an 18.7% year-over-year increase in revenues, driven mainly by strong demand for its UniFi networking products and growth in its Enterprise Technology segment, with higher sales across all regions.
Net Income
Net income, on a GAAP basis, in the quarter was $233.9 million or $3.86 per share compared with $180.4 million or $2.98 per share in the year-ago quarter. Despite higher operating expenses, solid top-line growth boosted the bottom line.
Non-GAAP net income in the quarter was $235.1 million or $3.88 per share compared with $181.8 million or $3 per share in the year-earlier quarter. The bottom line beat the Zacks Consensus Estimate by 70 cents.
Ubiquiti Inc. Price, Consensus and EPS SurpriseUbiquiti Inc. Price, Consensus and EPS Surprise
Ubiquiti Inc. price-consensus-eps-surprise-chart | Ubiquiti Inc. Quote
Revenues
Net sales in the quarter increased to $788.2 million from $664.2 million in the prior-year quarter, driven by higher revenues from the Enterprise Technology segment, contributing 91.1% of total sales. The top line beat the Zacks Consensus Estimate of $785 million.
Enterprise Technology generated $717.9 million in revenues, up from $585.7 million in the prior-year quarter, led by an increase in revenues across all regions.
Service Provider Technology registered $70.3 million in revenues, down from $78.4 million in the year-ago quarter due to a decrease in revenues across all regions except North America and South America.
Region-wise, revenues from North America were $410.2 million compared with $322.7 million in the year-ago quarter. Net sales from Europe, the Middle East and Africa aggregated $303.8 million, up from $282.1 million. Asia Pacific revenues increased to $43.2 million from $37.5 million in the year-earlier quarter. Revenues from South America were $31.1 million, up from $21.8 million a year ago.
Other Details
During the March quarter, gross profit was $370.7 million compared with $295.9 million in the year-ago quarter, with respective margins of 47% and 44.5% due to favorable product mix, lower shipping costs, and reduced charges for excess and obsolete inventory. Higher tariffs partially reversed this positive trend.
The operating expenses increased to $79.9 million from the prior-year figure of $69 million due to higher employee-related costs, credit card processing fees from stronger webstore sales, professional fees, software and marketing expenses, partly offset by lower depreciation and facility costs. Operating income was $290.8 million, up from $226.9 million in the prior year.
Story Continues
Cash Flow & Liquidity
During the first nine months of fiscal 2026, Ubiquiti generated $630.1 million of cash in operating activities, up from $509.7 million in the prior-year period. As of March 31, 2026, the company had $368.7 million in cash and cash equivalents, with $56 million of other long-term operating lease liabilities.
Zacks Rank
Ubiquiti currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Keysight Technologies, Inc. KEYS is scheduled to release second-quarter fiscal 2026 earnings on May 19. The Zacks Consensus Estimate for earnings is pegged at $2.33 per share, suggesting growth of 37.06% from the year-ago reported figure.
Keysight has a long-term earnings growth expectation of 17.45%. The company delivered an average earnings surprise of 4.58% in the last four reported quarters.
Workday, Inc. WDAY is set to release first-quarter fiscal 2027 earnings on May 21. The Zacks Consensus Estimate for earnings is pegged at $2.49 per share, implying growth of 11.7% from the year-ago reported figure.
Workday has a long-term earnings growth expectation of 20.16%. The company delivered an average earnings surprise of 8.53% in the last four reported quarters.
Analog Devices, Inc. ADI is set to release second-quarter fiscal 2026 earnings on May 20. The Zacks Consensus Estimate for earnings is pegged at $2.88 per share, implying growth of 55.7% from the year-ago reported figure.
Analog Devices has a long-term earnings growth expectation of 21.89%. The company delivered an average earnings surprise of 6.11% in the last four reported quarters.
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- ADI DCF Analysis: Intrinsic Value $199 vs Price $417
May 11, 2026 · gurufocus.com
On May 11, 2026, we delve into the DCF analysis for Analog Devices Inc (ADI), a company that has shown impressive price performance over the past year. The stoc
- Analog Devices Insiders Sold US$16m Of Shares Suggesting Hesitancy
May 10, 2026
Many Analog Devices, Inc. (NASDAQ:ADI) insiders ditched their stock over the past year, which may be of interest to the company's shareholders. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
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The Last 12 Months Of Insider Transactions At Analog Devices
Over the last year, we can see that the biggest insider sale was by the CEO & Chair of the Board of Directors, Vincent Roche, for US$5.1m worth of shares, at about US$255 per share. That means that an insider was selling shares at slightly below the current price (US$409). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was just 14% of Vincent Roche's stake.
Analog Devices insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Check out our latest analysis for Analog Devices NasdaqGS:ADI Insider Trading Volume May 10th 2026
For those who like to find hidden gems this freelist of small cap companies with recent insider purchasing, could be just the ticket.
Analog Devices Insiders Are Selling The Stock
Over the last three months, we've seen significant insider selling at Analog Devices. In total, Corporate VP & Chief Accounting Officer Michael Sondel dumped US$1.5m worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap.
Does Analog Devices Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Analog Devices insiders own 0.2% of the company, currently worth about US$472m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
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So What Does This Data Suggest About Analog Devices Insiders?
An insider sold Analog Devices shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. But it is good to see that Analog Devices is growing earnings. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 1 warning sign for Analog Devices you should be aware of.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this freelist of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
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- The Nasdaq's top winners are now running hotter than in 2000: Chart of the Day
May 9, 2026
The top dot-com stocks were making history in 1999 and 2000. Today's Nasdaq winners are crushing even those gains.
The top 10 performers in the Nasdaq 100 (NDX) over the past year are up an average of 784%, according to BTIG’s Jonathan Krinsky, topping the 622% average gain for the index’s biggest winners in the year leading into its March 2000 peak.
There are many differences between the two eras. But this does show that the most explosive corner of the market has already moved into dot-com-scale territory — and the cast list makes the comparison feel a little eerie.
In the year before the Nasdaq’s March 2000 peak, the index’s top performers included Strategy (MSTR), Qualcomm (QCOM), Sandisk (SNDK), Analog Devices (ADI), Lam Research (LRCX), Regeneron (REGN), Nvidia (NVDA), Cognizant (CTSH), Apple (AAPL), and Adobe (ADBE).Nasdaq 100 hottest stocks: 2000 vs. 2026·BTIG, Bloomberg, Yahoo Finance
Today’s leaderboard is different, but not exactly new.
Sandisk (SNDK) is now at the top, followed by Western Digital (WDC), Seagate (STX), Micron (MU), Intel (INTC), Lam Research, AMD (AMD), Warner Bros. Discovery (WBD), Marvell Technology (MRVL), and Applied Materials (AMAT).
Some of the echoes are direct. Sandisk and Lam Research appear on both lists, linking the dot-com runup to today’s AI-infrastructure boom.
Others are more like historical rhymes. Nvidia, Apple, and Adobe were dot-com-era winners and remain major tech players today, even though they are not in the current top 10. Applied Materials also appeared separately among the Nasdaq 100’s top performers in 1999 and just missed the 2000-window table shown here.
Strategy may be the strangest rhyme of all. It topped the 2000-window list as MicroStrategy, then one of the Nasdaq’s hottest software stocks. Today, the Michael Saylor-led company is a very different kind of market vehicle, driven mostly by its massive bitcoin exposure.
The sore thumb in the modern list is Warner Bros. Discovery. The rest of the group mostly fits the AI-infrastructure trade. WBD is a media M&A story, with its rally fueled by a takeover fight between Netflix (NFLX) and Paramount Skydance (PSKY), which ultimately struck a deal for the company.
The old boom was built around the web, networking, chips, storage, and the promise of a new digital economy. The current boom is built around AI infrastructure, memory, data centers, storage, bitcoin, and the physical limits of compute.
That makes the rhyme more interesting than a simple bubble call. The speculative energy is familiar, but the bottlenecks have changed. Investors are chasing the pieces of the market that look scarce in the next build-out.
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The aggregate numbers add one important wrinkle. Today’s top 10 have a higher average return than the 2000 comparison, but a lower median return: 354% today versus 455% then.Nasdaq 100 hottest stocks: 2000 vs. 2026·BTIG, Bloomberg, Yahoo Finance
In other words, the current Nasdaq list is hotter at the top, but more top-heavy underneath. Sandisk’s nearly 4,000% surge is doing a lot of work.
And that’s one of the takeaways for investors: The AI build-out can be real, and the biggest winners can still be priced for a lot of perfection.
Jared Blikre is the global markets and data editor for Yahoo Finance. Follow him on X at @SPYJared or email him at jaredblikre@yahooinc.com.
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- Airbnb Q1 Earnings Miss Estimates, Revenues Rise Y/Y, Shares Up
May 8, 2026
Airbnb ABNB posted first-quarter 2026 diluted earnings of 26 cents per share, which missed the Zacks Consensus Estimate by 15.23%. Earnings improved 8.3% from 24 cents in the year-ago quarter.
Revenues were $2.68 billion, up 17.8% year over year and 15% on a forex-neutral basis. The top line beat the Zacks Consensus Estimate by 2.16%.
Demand remained healthy, highlighted by Gross Booking Value of $29.2 billion and Nights and Seats Booked of 156.2 million in the quarter.
ABNB’s implied take rate (revenue divided by Gross Booking Value) was 9.2% in the quarter, roughly in line with 9.3% in the prior-year period. Management attributed some variability to timing effects from Reserve Now, Pay Later, which can shift guest payments closer to the stay date.
Airbnb, Inc. Price, Consensus and EPS SurpriseAirbnb, Inc. Price, Consensus and EPS Surprise
Airbnb, Inc. price-consensus-eps-surprise-chart | Airbnb, Inc. Quote
ABNB shares are up 13.30% while writing this blog.
ABNB’s Demand Held Up Despite Higher Cancelations
ABNB saw nights and seats booked rise 9% year over year to $186.8 million, even as management cited an approximate 100-basis-point headwind tied to elevated cancellations from the conflict in the Middle East. The company noted that, absent the conflict, growth would have been closer to 10%.
Momentum also continued to shift toward mobile. Nights booked on the app increased 22% year over year and represented 63% of total nights booked, up from 58% a year ago. First-time booker growth accelerated to 10%, with particularly strong trends cited in Brazil, Japan and India.
Airbnb’s Q1 Operating Details
In the first quarter of 2026, total costs and expenses as a percentage of revenues decreased 150 basis points (bps) year over year to 96.8% in the reported quarter. Cost of revenues decreased 60 bps year over year. Product development declined 120 bps while sales and marketing expenses increased 330 bps. Operations and support, and general and administrative, as a percentage of revenues, decreased 120 bps and 190 bps, respectively.
Adjusted EBITDA was $519 million, up 24% year over year, with an adjusted EBITDA margin of 19%.
The first quarter of 2026 operating margin contracted 150 bps year over year to 3.2%.
ABNB’s Balance Sheet & Cash Flow
As of March 31, 2026, cash and cash equivalents, short-term investments, and restricted cash totaled $12.1 billion compared with $11 billion as of Dec. 31, 2025. ABNB had $10.6 billion of funds held on behalf of guests.
Net cash provided by operating activities was $1.7 billion in the first quarter of 2026, up from $526 million reported in the fourth quarter of 2025.
ABNB produced $1.70 billion in free cash flow in the quarter, representing a 64% free cash flow margin. Over the trailing 12 months, free cash flow totaled $4.54 billion, equating to a 36% margin, though management noted working-capital impacts tied to the continued expansion of Reserve Now, Pay Later.
Airbnb repurchased $1.1 billion of stock during the first quarter of 2026.
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Airbnb’s Outlook Signals Confidence in 2026 Growth
For the second quarter of 2026, Airbnb expects revenues in the range of $3.54-$3.60 billion, implying year-over-year growth of 14-16%, inclusive of an approximate 3% foreign-exchange tailwind after hedging. The company expects Gross Booking Value to rise in the low double digits, driven by growth in nights and seats booked and a moderate increase in Average Daily Rate.
Airbnb also raised its 2026 view, saying it now expects year-over-year revenue growth to accelerate to the low-to-mid teens. On profitability, management is targeting an adjusted EBITDA margin of at least 35% for 2026, while continuing to reinvest in efficient marketing, international expansion and AI initiatives.
ABNB’s Zacks Rank & Stocks to Consider
Airbnb currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Computer and Technology sector include Analog Devices ADI, Applied Materials AMAT, and Audioeye AEYE. Each stock currently carries a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Analog Devices have gained 50.7% in the year-to-date period. Analog Devices is set to report the second quarter of fiscal 2026 results on May 20.
Applied Materials shares have gained 59.8% in the year-to-date period. Applied Materials is scheduled to report its second-quarter 2026 results on May 14.
Audioeye shares have lost 19% in the year-to-date period. Audioeye is set to report its first-quarter 2026 results on May 13.
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This article originally published on Zacks Investment Research (zacks.com).
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