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RT @wallstengine: We’ll see if the court ruling holds, but for now, markets are dialing back recession odds—now down to 38%. Expectations for the Fed’s 2025 terminal rate cut are still sitting below 25bps. https://t.co/VsooOMDck6
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RT @wallstengine: We’ll see if the court ruling holds, but for now, markets are dialing back recession odds—now down to 38%. Expectations for the Fed’s 2025 terminal rate cut are still sitting below 25bps. https://t.co/VsooOMDck6
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Wall St Engine
$MRVL | Marvell Q1 Earnings Highlights
🔹 Revenue: $1.90B (Est. $1.88B) 🟢; +63% YoY
🔹 Adj. EPS: $0.62 (Est. $0.61) 🟢
Q2 Guidance:
🔹 Revenue: ~$2.00B (Est. $1.98B) 🟢
🔹 Adj. EPS: ~$0.67 ± $0.05 (Est. $0.67)
🔹 Non-GAAP Gross Margin: 59%–60%
🔹 Diluted Share Count: ~874M
Strategic Commentary:
🔸 CEO Matt Murphy: “Custom silicon programs and electro-optics products are driving AI-led growth in the data center segment.”
🔸 Marvell to host a Custom AI Investor Event on June 17, highlighting its expanding AI platform and market share goals.
🔸 Positioned to lead in the shift toward custom AI infrastructure.
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$MRVL | Marvell Q1 Earnings Highlights
🔹 Revenue: $1.90B (Est. $1.88B) 🟢; +63% YoY
🔹 Adj. EPS: $0.62 (Est. $0.61) 🟢
Q2 Guidance:
🔹 Revenue: ~$2.00B (Est. $1.98B) 🟢
🔹 Adj. EPS: ~$0.67 ± $0.05 (Est. $0.67)
🔹 Non-GAAP Gross Margin: 59%–60%
🔹 Diluted Share Count: ~874M
Strategic Commentary:
🔸 CEO Matt Murphy: “Custom silicon programs and electro-optics products are driving AI-led growth in the data center segment.”
🔸 Marvell to host a Custom AI Investor Event on June 17, highlighting its expanding AI platform and market share goals.
🔸 Positioned to lead in the shift toward custom AI infrastructure.
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Wall St Engine
$PATH | UiPath Q1 Earnings Highlights
🔹 Revenue: $356.6M (Est. $332.8M) 🟢 +6% YoY
🔹 Adj. EPS: $0.11 (Est. $0.10) 🟢
🔹 ARR: $1.693B; +12% YoY; Net New ARR: $27M
🔹 Dollar-Based Net Retention: 108%
Q2 Guidance:
🔹 Revenue: $345M–$350M (Est. $331.8M) 🟢
🔹 ARR (as of July 31): $1.715B–$1.720B
🔹 Non-GAAP Op. Income: ~$40M
FY26 Guidance:
🔹 Revenue: $1.549B–$1.554B (Est. $1.523B) 🟢
🔹 ARR (as of Jan 31, 2026): $1.820B–$1.825B
🔹 Non-GAAP Op. Income: ~$305M
Other Key Q1 Metrics:
🔹 Cash Flow from Ops: $119M
🔹 Free Cash Flow: $117M
🔹 Cash & Equivalents: $1.59B
Strategic Commentary & Business Highlights:
🔸 CEO: “Strong start to FY26 with better-than-expected top & bottom line. Confident in product roadmap and execution.”
🔸 Launched Agentic Automation Platform: Unifies AI agents, robots, and humans in a single system.
🔸 Debuted Test Cloud: AI-powered platform for full-cycle software testing.
🔸 Enhanced Microsoft Copilot integration through UiPath Maestro.
🔸 Named Leader in IDC MarketScape for Business Automation Platforms and Everest Group’s IDP Assessment.
🔸 Announced Google Cloud AI partnership: Deployed medical record summarization agents using Gemini 2.0 Flash via Vertex AI.
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$PATH | UiPath Q1 Earnings Highlights
🔹 Revenue: $356.6M (Est. $332.8M) 🟢 +6% YoY
🔹 Adj. EPS: $0.11 (Est. $0.10) 🟢
🔹 ARR: $1.693B; +12% YoY; Net New ARR: $27M
🔹 Dollar-Based Net Retention: 108%
Q2 Guidance:
🔹 Revenue: $345M–$350M (Est. $331.8M) 🟢
🔹 ARR (as of July 31): $1.715B–$1.720B
🔹 Non-GAAP Op. Income: ~$40M
FY26 Guidance:
🔹 Revenue: $1.549B–$1.554B (Est. $1.523B) 🟢
🔹 ARR (as of Jan 31, 2026): $1.820B–$1.825B
🔹 Non-GAAP Op. Income: ~$305M
Other Key Q1 Metrics:
🔹 Cash Flow from Ops: $119M
🔹 Free Cash Flow: $117M
🔹 Cash & Equivalents: $1.59B
Strategic Commentary & Business Highlights:
🔸 CEO: “Strong start to FY26 with better-than-expected top & bottom line. Confident in product roadmap and execution.”
🔸 Launched Agentic Automation Platform: Unifies AI agents, robots, and humans in a single system.
🔸 Debuted Test Cloud: AI-powered platform for full-cycle software testing.
🔸 Enhanced Microsoft Copilot integration through UiPath Maestro.
🔸 Named Leader in IDC MarketScape for Business Automation Platforms and Everest Group’s IDP Assessment.
🔸 Announced Google Cloud AI partnership: Deployed medical record summarization agents using Gemini 2.0 Flash via Vertex AI.
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Dimitry Nakhla | Babylon Capital®
The S&P 500 $SPY just turned positive YTD
At one point $SPY entered a bear market and was down -21%
Here are 10 quality stocks that are up substantially more than the market YTD & their latest forward multiples 🧵 https://t.co/HW0hh04KOr
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The S&P 500 $SPY just turned positive YTD
At one point $SPY entered a bear market and was down -21%
Here are 10 quality stocks that are up substantially more than the market YTD & their latest forward multiples 🧵 https://t.co/HW0hh04KOr
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Wall St Engine
$ULTA Beauty Q1 Earnings Highlights
🔹 Revenue: $2.85B (Est. $2.79B) 🟢 +4.5% YoY
🔹 EPS: $6.70 (Est. $5.75) 🟢
🔹 Comparable Sales: +2.9% (vs. +1.6% YoY)
🔹 Gross Margin: 39.1% (vs. 39.2% YoY)
🔹 Inventory: $2.1B (+11.3% YoY)
FY25 Guidance
🔹 Revenue: $11.5B–$11.7B (Prior: $11.5B–$11.6B | Est. $11.58B) 😐
🔹 EPS: $22.65–$23.20 (Prior: $22.50–$22.90 | Est. $24.07) 🔴
🔹 Comparable Sales: 0% to +1.5% (Prior: 0% to +1%)
🔹 Operating Margin: 11.7%–11.8% (No change)
🔹 Share Repurchases: ~$900M (No change)
🔹 New Stores: ~60 | Remodels/Relocations: 40–45
🔹 CapEx: $425M–$500M
🔹 Tax Rate: ~24.5%
🔹 Depreciation/Amortization: $290M–$300M
Other Key Q1 Metrics:
🔹 Operating Margin: 14.1% (vs. 14.7% YoY)
🔹 Net Income: $305.1M (vs. $313.1M YoY)
🔹 SG&A Expenses: $710.6M (Up +6.7% YoY)
🔹 Store Footprint: 6 net new stores opened; now 1,451 total
🔹 Share Buybacks: $358.7M repurchased in Q1
🔹 Cash & Equivalents: $454.6M
Management Commentary
🔸 CEO: “Encouraging start to FY25 driven by the success of our Ulta Beauty Unleashed plan. However, outlook reflects consumer demand uncertainty. We remain focused and agile.”
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$ULTA Beauty Q1 Earnings Highlights
🔹 Revenue: $2.85B (Est. $2.79B) 🟢 +4.5% YoY
🔹 EPS: $6.70 (Est. $5.75) 🟢
🔹 Comparable Sales: +2.9% (vs. +1.6% YoY)
🔹 Gross Margin: 39.1% (vs. 39.2% YoY)
🔹 Inventory: $2.1B (+11.3% YoY)
FY25 Guidance
🔹 Revenue: $11.5B–$11.7B (Prior: $11.5B–$11.6B | Est. $11.58B) 😐
🔹 EPS: $22.65–$23.20 (Prior: $22.50–$22.90 | Est. $24.07) 🔴
🔹 Comparable Sales: 0% to +1.5% (Prior: 0% to +1%)
🔹 Operating Margin: 11.7%–11.8% (No change)
🔹 Share Repurchases: ~$900M (No change)
🔹 New Stores: ~60 | Remodels/Relocations: 40–45
🔹 CapEx: $425M–$500M
🔹 Tax Rate: ~24.5%
🔹 Depreciation/Amortization: $290M–$300M
Other Key Q1 Metrics:
🔹 Operating Margin: 14.1% (vs. 14.7% YoY)
🔹 Net Income: $305.1M (vs. $313.1M YoY)
🔹 SG&A Expenses: $710.6M (Up +6.7% YoY)
🔹 Store Footprint: 6 net new stores opened; now 1,451 total
🔹 Share Buybacks: $358.7M repurchased in Q1
🔹 Cash & Equivalents: $454.6M
Management Commentary
🔸 CEO: “Encouraging start to FY25 driven by the success of our Ulta Beauty Unleashed plan. However, outlook reflects consumer demand uncertainty. We remain focused and agile.”
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$GAP Q1 Earnings Highlights
🔹 Revenue: $3.5B (Est. $3.42B) 🟢 +2% YoY
🔹 EPS: $0.51 (Est. $0.45) 🟢
🔹 Comparable Sales: +2% (Est. +1.6%) 🟢
Tariff Impact:
🔸 Minimal in Q2.
🔸 FY gross impact of $250M–$300M if tariffs stay; after mitigation, net ~$100M–$150M weighted to H2.
FY Outlook
🔹 Revenue: +1% to +2% (vs. $15.1B in FY24)
🔹 Operating Income: +8% to +10% (vs. $1.1B in FY24)
🔹 Net Interest Income: ~$15M
🔹 Effective Tax Rate: ~26%
🔹 CapEx: ~$600M
🔹 Net Store Closures: ~35
Q2 Outlook
🔹 Revenue: Flat YoY
🔹 Gross Margin: Similar to Q1 (41.8%)
🔹 Operating Expense (% of Sales): Slight leverage YoY
Brand-Level Comparable Sales (Q1 FY25)
🔹 Old Navy: +3% (9th straight quarter of share gains)
🔹 Gap: +5% (6th straight positive comps, 8th quarter share gain)
🔹 Banana Republic: Flat (Net sales -3%)
🔹 Athleta: -8% (Net sales -6%)
Other Q1 Metrics:
🔹 Gross Margin: 41.8% (+60 bps YoY)=
🔹 Online Sales: +6% YoY; 39% of total sales
🔹 Store Sales: Flat YoY; 2,496 company-operated out of ~3,500 total stores=
🔹 Inventory: $2.1B (+7% YoY)
🔹 Cash & Short-Term Investments: $2.2B (+28% YoY)
🔹 Free Cash Flow: -$223M
🔹 Shareholder Return: $131M via dividends and buybacks
🔹 Shares Repurchased: 4M for $70M
🔹 Dividend: $0.165/share approved for Q2
CEO Commentary
🔸 "Exceeded expectations. Positive comps for the 5th straight quarter. Brand reinvigoration is working. Staying focused on controllables for long-term growth." – Richard Dickson, CEO
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$GAP Q1 Earnings Highlights
🔹 Revenue: $3.5B (Est. $3.42B) 🟢 +2% YoY
🔹 EPS: $0.51 (Est. $0.45) 🟢
🔹 Comparable Sales: +2% (Est. +1.6%) 🟢
Tariff Impact:
🔸 Minimal in Q2.
🔸 FY gross impact of $250M–$300M if tariffs stay; after mitigation, net ~$100M–$150M weighted to H2.
FY Outlook
🔹 Revenue: +1% to +2% (vs. $15.1B in FY24)
🔹 Operating Income: +8% to +10% (vs. $1.1B in FY24)
🔹 Net Interest Income: ~$15M
🔹 Effective Tax Rate: ~26%
🔹 CapEx: ~$600M
🔹 Net Store Closures: ~35
Q2 Outlook
🔹 Revenue: Flat YoY
🔹 Gross Margin: Similar to Q1 (41.8%)
🔹 Operating Expense (% of Sales): Slight leverage YoY
Brand-Level Comparable Sales (Q1 FY25)
🔹 Old Navy: +3% (9th straight quarter of share gains)
🔹 Gap: +5% (6th straight positive comps, 8th quarter share gain)
🔹 Banana Republic: Flat (Net sales -3%)
🔹 Athleta: -8% (Net sales -6%)
Other Q1 Metrics:
🔹 Gross Margin: 41.8% (+60 bps YoY)=
🔹 Online Sales: +6% YoY; 39% of total sales
🔹 Store Sales: Flat YoY; 2,496 company-operated out of ~3,500 total stores=
🔹 Inventory: $2.1B (+7% YoY)
🔹 Cash & Short-Term Investments: $2.2B (+28% YoY)
🔹 Free Cash Flow: -$223M
🔹 Shareholder Return: $131M via dividends and buybacks
🔹 Shares Repurchased: 4M for $70M
🔹 Dividend: $0.165/share approved for Q2
CEO Commentary
🔸 "Exceeded expectations. Positive comps for the 5th straight quarter. Brand reinvigoration is working. Staying focused on controllables for long-term growth." – Richard Dickson, CEO
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$COST | Costco Q3 Earnings Highlights
🔹 EPS: $4.28 (Est. $4.25) 🟢
🔹 Revenue: $61.96B (Est. $63.13B) 🔴
🔹 Total Co.: +5.7% (Est. +5.58%) 🟢 | ex-gas & FX: +8.0% (Est. +6.99%) 🟢
🔹 Net Income: $1.90B (vs. $1.68B YoY)
🔹 Gross Margin: 11.3% (flat YoY)
🔹 Membership Fee Revenue: $1.24B (vs. $1.12B YoY)
🔹 Total Revenue (incl. Membership): $63.21B (+8.0% YoY)
Comparable Sales (YoY):
🔹 U.S.: +6.6% | ex-gas & FX: +7.9%
🔹 Canada: +2.9% | ex-gas & FX: +7.8%
🔹 Other Int'l: +3.2% | ex-gas & FX: +8.5%
🔹 E-commerce: +14.8% | ex-gas & FX: +15.7%
Operations:
🔹 Warehouse count: 905 globally
🔹 U.S. & Puerto Rico: 624 | Canada: 109 | China: 7
🔹 E-commerce operating in 8 countries including U.S., Canada, UK, and Japan
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$COST | Costco Q3 Earnings Highlights
🔹 EPS: $4.28 (Est. $4.25) 🟢
🔹 Revenue: $61.96B (Est. $63.13B) 🔴
🔹 Total Co.: +5.7% (Est. +5.58%) 🟢 | ex-gas & FX: +8.0% (Est. +6.99%) 🟢
🔹 Net Income: $1.90B (vs. $1.68B YoY)
🔹 Gross Margin: 11.3% (flat YoY)
🔹 Membership Fee Revenue: $1.24B (vs. $1.12B YoY)
🔹 Total Revenue (incl. Membership): $63.21B (+8.0% YoY)
Comparable Sales (YoY):
🔹 U.S.: +6.6% | ex-gas & FX: +7.9%
🔹 Canada: +2.9% | ex-gas & FX: +7.8%
🔹 Other Int'l: +3.2% | ex-gas & FX: +8.5%
🔹 E-commerce: +14.8% | ex-gas & FX: +15.7%
Operations:
🔹 Warehouse count: 905 globally
🔹 U.S. & Puerto Rico: 624 | Canada: 109 | China: 7
🔹 E-commerce operating in 8 countries including U.S., Canada, UK, and Japan
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App Economy Insights
$COST Costco Q3 FY25.
• Revenue +9% Y/Y to $63.2B ($0.1B beat).
• EPS $4.28 ($0.05 beat).
• 905 warehouses (+27 Y/Y, +8 Q/Q).
Comparable sales Y/Y (adjusted):
• US +7.9%.
• Company +8.0%.
• E-commerce +15.7%. https://t.co/uAv1HG4xAa
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$COST Costco Q3 FY25.
• Revenue +9% Y/Y to $63.2B ($0.1B beat).
• EPS $4.28 ($0.05 beat).
• 905 warehouses (+27 Y/Y, +8 Q/Q).
Comparable sales Y/Y (adjusted):
• US +7.9%.
• Company +8.0%.
• E-commerce +15.7%. https://t.co/uAv1HG4xAa
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Wall St Engine
The DOJ is asking a Texas judge to dismiss the criminal fraud case against Boeing $BA tied to the 737 MAX crashes. The move would let Boeing avoid prosecution in exchange for over $1.1B in fines and reforms. Families of crash victims are opposing the deal. Trial was set for June 23.
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The DOJ is asking a Texas judge to dismiss the criminal fraud case against Boeing $BA tied to the 737 MAX crashes. The move would let Boeing avoid prosecution in exchange for over $1.1B in fines and reforms. Families of crash victims are opposing the deal. Trial was set for June 23.
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Wall St Engine
Barclays has agreed to purchase 100,000 Microsoft's Copilot licenses, as shared in a company town hall Thursday. That’s tens of millions in annual revenue at list price for $MSFT. https://t.co/q7HMWLUAv1
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Barclays has agreed to purchase 100,000 Microsoft's Copilot licenses, as shared in a company town hall Thursday. That’s tens of millions in annual revenue at list price for $MSFT. https://t.co/q7HMWLUAv1
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Wall St Engine
Ecuador and Palantir $PLTR have partnered to support the country’s digital transformation, starting with customs enforcement. The AI tools will help detect high-risk operations, fight smuggling, and boost legal trade. https://t.co/404j0POSI2
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Ecuador and Palantir $PLTR have partnered to support the country’s digital transformation, starting with customs enforcement. The AI tools will help detect high-risk operations, fight smuggling, and boost legal trade. https://t.co/404j0POSI2
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