Astera Labs reported a record Q2 2026 revenue of $392.4 million, a 27% increase from the previous quarter and 104% year-over-year growth, fueled by strong demand in AI fabrics and signal conditioning products. The company highlighted the upcoming production ramp of its Scorpio X-Series 320-lane fabric switch, expected to drive further revenue growth in Q3. Astera Labs is expanding its product portfolio and global presence, positioning itself as a comprehensive AI fabric infrastructure provider with new design wins and partnerships. The company projects Q3 revenue between $540 million and $560 million, with continued margin strength and profitability.
THOR Industries reported Q4 earnings with an EPS of $0.78, missing analyst estimates and showing a 66.9% drop from last year. Despite this, the company beat revenue expectations with $2.31 billion, though revenue declined 8.4% year-over-year due to w...
Cracker Barrel Old Country Store is set to report its Q3 2026 earnings on September 23, with analysts predicting a significant decline. Earnings per share are expected to fall to $0.17 from $0.74 last year, and revenue is forecasted around $834.57 mi...
Abivax received positive pre-NDA feedback from the U.S. FDA for its drug Obefazimod, marking a key step in its development. Despite a recent price target cut by Wedbush to $118, analysts maintain a "Moderate Buy" consensus with an average target of $...
HSBC and Wells Fargo have downgraded Netflix stock due to declining subscriber engagement and an 8% drop in viewership time. Despite a recent 2.19% stock gain, Netflix shares have fallen over 40% in the past year amid strong competition and weaker or...
A director at FormFactor sold 2,100 shares, indicating a notable insider transaction. Such sales can reflect personal financial decisions or strategic portfolio adjustments by company insiders. Investors often watch these moves for potential signals ...
