Shares of NuScale Power Corporation dropped 5.50% on Wednesday. The decline pulled back nearly all of the previous session’s AI-driven increase. The move also underscored a significant valuation challenge: accelerated engineering has not yet translated into customer revenue.
| Company | Close | Aug. 26 | Revenue signal | Risk profile |
|---|---|---|---|---|
| NuScale Power | $9.27 | −5.50% | $75K Q2 | Pre-commercial |
| Oklo | $41.60 | −6.03% | $1.21M TTM | Early revenue |
| NANO Nuclear | $18.50 | −3.85% | $214K TTM | Development |
| BWX Technologies | $153.16 | +2.29% | $3.51B TTM | Profitable supplier |
The 80% retrieval-time claim targets engineering productivity and schedule risk. It does not yet quantify lower R&D spending, faster licensing or contract revenue. The balance sheet extends the runway, but binding customer commitments remain the decisive valuation bridge.
Risks: Proof-of-concept results may not scale. Nuclear licensing, customer financing, manufacturing capacity, partner execution and dilution can overwhelm workflow savings.
| Reference | Price | Distance |
|---|---|---|
| 52-week high · June 16 | $225.64 | −38.1% |
| Average analyst target | $220.20 | +57.7% |
| Aug. 26 close | $139.63 | Base |
| IPO price · June | $135.00 | +3.4% |
| 52-week low · Aug. 3 | $104.83 | +33.2% |
Louisiana expands Starship launch capacity for three revenue engines: external launch services, Starlink deployment and orbital AI infrastructure. The $100 billion headline equals all June liquidity and 3.5 times first-half capex.
Starship cadenceStarlink capacityAI satellitesNo annual spending schedule, financing plan or return target was disclosed. Starship reusability, permits, wetland mitigation and launch demand must advance before the campus can earn a return.
engineeringregulationcash burnenvironment| Checkpoint | Timing | What investors need |
|---|---|---|
| Phased budget | Not disclosed | Annual cash use, debt and partner funding |
| Permits and wetlands plan | Pre-construction | Schedule certainty and mitigation cost |
| Construction start | Expected 2027 | Evidence the plan is funded and active |
| Starship scale-up | Ongoing | Reliability, reusability and lower launch cost |
| First Louisiana launch | Targeted 2029 | Capacity begins supporting revenue channels |
Market snapshot: August 26, 2026, 19:49 EDT (August 27, 01:49 CEST). Regular-session figures unless noted.
+121.7% versus Wednesday's close
| Metric | Value | Growth |
|---|---|---|
| Total revenue | $67.4bn | +17% |
| Total cloud | $34.0bn | +39% |
| Cloud infrastructure | $18.1bn | +77% |
| Cloud applications | $15.9bn | +11% |
| RPO | $638bn | +363% |
RPO equals about 9.5 times annual revenue, but converts over several years.
| Operating cash flow | $32.0bn |
| Capital expenditure | −$55.7bn |
| Free cash flow | −$23.7bn |
| FY26 debt raised | $43bn |
| FY26 equity raised | $5bn |
| Planned FY27 financing | ≈$40bn |
Planned FY27 financing includes a previously announced $20bn at-the-market equity program.
| Company | Close | Daily move | Market value | P/E |
|---|---|---|---|---|
| Oracle | $148.87 | +2.84% | $433.5bn | 26.7× |
| Microsoft | $496.37 | +0.91% | $3.70tn | 29.5× |
| Alphabet | $342.00 | −1.40% | $4.18tn | 17.2× |
| SAP ADR | $211.68 | −2.45% | $247.1bn | — |
August 26 U.S. close; latest trade timestamps ranged from 19:15 to 19:38 EDT.
Average target across 39 analysts tracked by MarketBeat.
| Low | $145 |
| Average | $263.97 |
| High | $400 |
| Average implied upside | 77.3% |
Citi opened a positive 90-day catalyst watch. Oracle also held a financial analyst meeting at 10:45 CT.
Investors will test cloud-capacity delivery, financing costs and signs that the historic selloff is losing force.
| Risk | Investor transmission | Watch point |
|---|---|---|
| Build delays | Defers contracted revenue | Capacity delivery |
| Negative cash flow | Raises external-funding needs | Capex and OCF |
| Equity issuance | Dilutes existing holders | $20bn ATM program |
| Credit pressure | Increases financing costs | Spreads and ratings |
| Customer concentration | Raises contract and renewal sensitivity | RPO mix |
Sources: Oracle investor relations, Citi commentary reported August 26, Yahoo Finance, MarketBeat and consolidated U.S. market data. Market-value changes and peak-value gaps are estimates using the current implied share count; rounding may create small differences.
Market data: August 26, 2026, 18:49 EDT (00:49 CEST). Financials: quarter and year ended June 30, 2026.
The 12.5% after-hours jump more than offset the regular-session decline. The combined gain was $0.51, or 8.7%, from Tuesday's close.
| Signal | FY26 actual | FY27 target / context |
|---|---|---|
| Revenue | $12.6M | 15%–20% of total revenue |
| Share of company sales | 10.4% | +4.6 to +9.6 points |
| Active engagements | >30 | About 10 at FY26 start |
| Equity value added | ≈$23.8M | 1.9× FY26 unmanned revenue |
The valuation calculation uses the $0.51 gain from the August 25 close and 46.59 million year-end shares.
| Metric | June 2026 | June 2025 | Change |
|---|---|---|---|
| Cash | $60.5M | $20.1M | +$40.4M |
| Debt | $0 | $11.8M | Eliminated |
| Shares outstanding | 46.59M | 39.10M | +19.2% |
| GAAP net loss | $4.2M | $11.4M | 63.2% narrower |
Published consensus before post-results revisions; checked August 26, 2026.
Long drone qualification cycles can delay revenue, while project timing makes quarterly orders uneven. Rising memory costs could compress margins. Acquisition integration and further share issuance would weaken per-share gains. The central invalidation signal is failure to convert more than 30 engagements into volume shipments while legacy systems revenue continues to fall.
Sources: Lantronix fiscal Q4/FY2026 release and earnings call; Yahoo Finance market data; MarketBeat analyst consensus. Non-GAAP measures exclude items defined by Lantronix and are not substitutes for GAAP results.
Regular close: August 26 at 16:00:01 EDT. After-hours quote: 18:03:50 EDT. Total gain from the prior close: 5.65%.
From the after-hours price, the options upper bound offered 6.2% upside. The lower bound represented 13.1% downside. The skew shows how Wednesday’s late rally consumed much of the bullish move.
Recent options signal published August 24, 2026; range recalculated from the August 26 closing price.
| Metric | Expectation / guide | Change |
|---|---|---|
| Revenue consensus | $2.71B | ≈+35% YoY |
| Adjusted EPS consensus | $0.93 | +38.8% YoY |
| Company revenue guide | $2.70B ±5% | +11.7% QoQ midpoint |
| Adjusted EPS guide | $0.93 ±$0.05 | $0.88–$0.98 |
| Non-GAAP gross margin | 58.25%–59.25% | 58.9% in Q1 |
| Diluted share count | 915M expected | Company guide |
Fiscal Q1 revenue was a record $2.418 billion. Non-GAAP net income reached $718 million, while operating cash flow hit a record $638.8 million.
| Measure | Value | Read-through |
|---|---|---|
| Trailing P/E | 84.2× | Premium leaves little room for a weak guide |
| Closing market cap / Q2 revenue | 81.3× | One quarter, not an annual multiple |
| Annualized Q2 price/sales | ≈20.3× | Assumes the quarter repeats |
| Yahoo one-year target | $266.36 | +4.9% from after-hours price |
| Susquehanna target | $265 | Positive; +4.3% from after hours |
| Rosenblatt target | $300 | Buy; +18.1% from after hours |
Price, P/E and consensus-target snapshot: August 26, 2026, 18:03:50 EDT. Fresh brokerage targets were reported August 25.
Google can buy the warrant shares at $206.58. Most vest only when product-purchase thresholds are met through fiscal 2033. Dilution is therefore tied to sales conversion.
| Company | Session move | Trailing P/E |
|---|---|---|
| Marvell | +1.97% | 84.2× |
| Nvidia | −1.52% | 31.9× |
| Broadcom | −0.33% | 97.6× |
| AMD | +0.36% | 123.6× |
Marvell sits between Nvidia and higher-multiple custom-compute peers. Its earnings must validate optical-networking growth and the custom-silicon pipeline.
Peer close data retrieved August 26, 2026, 17:52 EDT.
Expectations: An in-line quarter may not support the multiple.
Margin: Memory and optical-component costs can compress profitability.
Execution: Custom silicon ramps require long design and qualification cycles.
Dilution: Google warrants equal 6.4% of guided diluted shares.
Tape: Regular volume was only 39% of the three-month average.
Fiscal Q2 2027 results and conference call — August 27, 2026, 16:45 EDT. The market will compare any guidance raise with a $228 billion implied after-hours valuation and the 10% options move.
Sources: Yahoo Finance · Marvell Q1 results · Marvell event notice · Investopedia · Reuters
| Metric | Actual | Consensus | Beat |
|---|---|---|---|
| Revenue | $757.1M | $738.3M | +$18.8M |
| Adjusted EPS | $0.60 | $0.49 | +$0.11 |
| Metric | Q4 FY26 | Q4 FY25 | Change |
|---|---|---|---|
| Revenue | $757.1M | $653.3M | +16% |
| ARR | $2.55B | $2.20B | +16% |
| Adj. gross margin | 87.7% | 88.3% | −60 bps |
| Adj. operating margin | 26.2% | 18.3% | +790 bps |
| Free cash flow | $277.6M | $207.8M | +34% |
Revenue exceeded consensus by 2.5%. Adjusted operating margin expanded 790 basis points. ARR kept pace with quarterly revenue at 16% growth. Fiscal-2027 guidance preserved double-digit sales growth while keeping adjusted operating margin near one quarter of revenue.
Adjusted gross margin fell 60 basis points. Server supply constraints can delay deployments and cash collection. The after-hours price already exceeds the pre-report average analyst target. Extended-hours liquidity can exaggerate moves.
The after-hours value gain is about twice Veeva’s $1.6 billion annual adjusted operating-cash-flow guide.
| Metric | Prior | New | Change |
|---|---|---|---|
| Revenue midpoint | $3.640B | $3.6845B | +$44.5M |
| Adjusted operating income | ≈$1.610B | ≈$1.640B | +$30M |
| Adjusted EPS | ≈$9.05 | ≈$9.21 | +$0.16 |
| Adjusted operating cash flow | — | ≈$1.600B | 43% margin |
| Signal | Latest | Growth / status |
|---|---|---|
| R&D and Quality subscription | $419.4M | +19% |
| Commercial subscription | $347.4M | +13% |
| Vault CRM customers live | >180 | 5 top-20 live |
| Top-20 CRM commitments | 12 of 20 | 2 added in August |
| Falcon early adopters | 5 | Initial go-lives due in 2026 |
| Average target | $251.04 · 5.6% below |
| Median target | $266 · 0.3% upside |
| Target range | $165–$340 |
| Pre-report FY2027 EPS estimate | $9.06 |
| New company EPS guide | $9.21 |
Analyst snapshot dated August 26, 2026; comparisons use the 17:40:48 EDT after-hours price.
| Metric | Prior | New | Midpoint change |
|---|---|---|---|
| FY2026 revenue | $9.63B–$9.71B | $9.69B–$9.74B | +$45M · +0.47% |
| FY2026 adjusted EPS | $14.72–$14.80 | $15.04–$15.10 | +$0.31 · +2.1% |
| Q4 revenue | — | $2.53B–$2.58B | New range |
| Q4 adjusted EPS | — | $4.10–$4.16 | New range |
| FY2026 free cash flow | — | ~$2.60B | 26.8% of revenue midpoint |
The divergence matters. A simple revenue-to-units calculation implies roughly 40% higher Personal Systems revenue per unit. Pricing and premium mix did the heavy lifting while underlying unit demand contracted.
Regular close: 16:00:02 EDT. After-hours quote: 17:02:21 EDT.
| Metric | Result / guide | Reference |
|---|---|---|
| Q3 revenue | $15.68B | $14.44B est. |
| Q3 adjusted EPS | $0.83 | $0.66 est. |
| Q3 net income | $661M | $763M year ago |
| FY adjusted EPS | $3.19–$3.29 | $2.90–$3.10 prior |
| FY free cash flow | $3.0–$3.2B | $2.8–$3.0B prior |
| Q4 adjusted EPS | $0.69–$0.79 | $0.67 consensus |
Printing’s 2% decline is important because the segment has carried far higher margins. In fiscal Q2, Personal Systems margin was 5.2%; Printing margin was 18.3%.
| Company | Aug. 26 close | Session move | Market cap | P/E |
|---|---|---|---|---|
| HP (HPQ) | $30.52 | +3.39% | $28.23B | 11.3× |
| Dell (DELL) | $463.82 | +2.77% | $304.27B | 37.0× |
| Apple (AAPL) | $313.45 | +1.16% | $4.61T | 36.0× |
| Logitech (LOGI) | $100.19 | +1.56% | $14.53B | 18.4× |
HP’s lower multiple prices in a structurally weaker mix and limited unit growth. At the $27.77 after-hours price, the $23.41 one-year analyst target implied 15.7% downside. The $3.1 billion free-cash-flow midpoint equaled roughly 12% of implied after-hours equity value.
Peer prices and valuation snapshot: August 26, 2026, approximately 16:45–16:50 EDT. HP after-hours valuation is an estimate using the closing share count.
Demand: Higher prices may suppress replacement units.
Margins: Memory inflation may arrive before pricing catches up.
Mix: PC growth has lower margins than Printing.
Quality: Tariff refunds are nonrecurring.
Sentiment: The analyst target remains below the traded price.
HP fiscal Q3 earnings call — August 26, 2026, 17:30 EDT. The market needs a bridge from strong revenue to sustainable unit growth and margins. Guidance on memory supply, pricing, Printing and refund-adjusted earnings will set the next move.
Sources: Reuters · The Wall Street Journal · Yahoo Finance · HP investor relations
The market added almost four times the raised full-year free-cash-flow midpoint. Sustained backlog conversion is now the central valuation test.
| Metric | Prior midpoint | New midpoint | Change |
|---|---|---|---|
| Revenue | $3.195B | $3.221B | +$26M |
| Adjusted operating income | $816M | $835M | +$19M |
| Adjusted EPS | $3.83 | $3.92 | +$0.09 |
| Free cash flow | $870M | $920M | +$50M |
| Ratings | 46 |
| Buy / Overweight / Hold | 29 / 6 / 9 |
| Underweight / Sell | 2 / 0 |
| Average target | $147.18 · 5.3% below |
| Median target | $161 · 3.6% upside |
| Target range | $75–$180 |
Analyst recommendations and targets as of the August 26, 2026 close.
Salesforce added an implied $22.8 billion of equity value after hours. The cleaner operating signal was $3.37 adjusted EPS excluding investment gains, while Agentforce and Data 360 ARR approached $3.9 billion.
The equity-value gain was about 114 times the $200 million increase in the fiscal-year revenue-guidance midpoint.
| Metric | Reported / guided | Benchmark | Signal |
|---|---|---|---|
| Q2 revenue | $11.35B | $11.33B consensus | Small beat |
| Adjusted EPS | $5.90 | $3.27 consensus | Investment gains amplified it |
| EPS ex investment gains | $3.37 | $3.27 consensus | 3.1% beat |
| Q3 revenue | $11.42B–$11.50B | New guidance | Steady double-digit scale |
| Q3 adjusted EPS | $3.42–$3.44 | New guidance | Operating leverage |
| FY27 revenue | $46.1B–$46.4B | Prior $45.9B–$46.2B | Midpoint +$200M |
| FY27 adjusted EPS | $16.67–$16.71 | Prior $14.06–$14.12 | Midpoint +18.5% |
| Implied market cap / trailing revenue | 4.7× |
| Implied market cap / FY27 revenue midpoint | 4.4× |
| Implied P/E using trailing EPS | 26.8× |
| Levered free-cash-flow yield | 8.2% |
| Average analyst target | $243.98 · 5.3% upside |
| Citizens target | $315 · 35.9% upside |
| 52-week range | $146.32–$269.11 |
| Estimated YTD after the move | about −12% |
Valuation ratios use the $231.80 after-hours price and latest trailing figures available at 16:37 EDT.
| Company | Ticker | Close | Move |
|---|---|---|---|
| Salesforce | CRM | $205.62 | −0.03% regular / +12.73% AH |
| ServiceNow | NOW | $125.80 | −0.94% |
| Adobe | ADBE | $273.47 | −0.16% |
| Snowflake | SNOW | $315.37 | −0.52% |
Peer prices are the August 26 regular-session closes; Salesforce’s earnings move occurred afterward.
The positive read: AI and data ARR nearing $4 billion gives investors a measurable commercial bridge. The strongest net-new annual order growth in four years suggests the signal reaches beyond pilot activity.
The test: The $22.8 billion revaluation needs organic cRPO growth and repeatable Agentforce bookings. A $200 million revenue-guide lift alone does not explain it.
Risks: Strategic-investment gains may reverse. Informatica and pending acquisitions blur organic growth. Customer deployments can remain slow where data is fragmented.
Next catalyst: the 17:00 EDT earnings call. Watch Agentforce bookings, organic growth, free cash flow, acquisition assumptions and any change to capital returns.
As of August 26, 2026, 16:40 EDT. After-hours quote; financial data covers fiscal Q2 ended July 31, 2026.
| Fiscal 2027 | Previous | Current |
|---|---|---|
| Revenue midpoint | $5.937B | $6.001B |
| Ending ARR midpoint | $6.544B | $6.607B |
| Net new ARR growth | 27.7% | 34.0% |
| Adjusted EPS | $1.21–$1.24 | $1.25–$1.26 |
| Measure | Value | Signal |
|---|---|---|
| Adjusted EPS | $2.22 | +6.2% vs est. |
| Q2 gross margin | 75.0% | Flat QoQ |
| Q3 gross margin | 74.0% | -1.0 pt |
| Free cash flow | $21.34B | -56% QoQ |
| DSO | 60 days | +15 days |
| Metric | Q2 FY27 | Sequential | Why it matters |
|---|---|---|---|
| Data Center | $89.0B | +18% | Core demand remains strong |
| ACIE | $40.3B | +25% | Faster than hyperscale |
| Receivables | $63.1B | DSO 45→60 | Cash conversion slowed |
| Inventory | $31.6B | +22% | Rubin launch build |
| Operating cash flow | $24.1B | -52% | Working capital and taxes |
Bull: $108B revenue converts to cashBull: ACIE sustains 25% QoQ growthBear: margin falls below 73.5%Bear: DSO extends againBear: customer guarantees activate
Commitments are future obligations, not immediate debt. Guarantees are contingent. The valuation test is whether Nvidia's revenue and free cash flow scale faster than supply, lease and customer-support exposure.
Pennsylvania teen-safety lawsuit
Pennsylvania sued Snap under its consumer-protection law, alleging deceptive safety and age-rating claims and an addictive, high-risk design for minors. These are allegations, not findings; the complaint specifies no dollar liability.
Market snapshot: Aug. 26, 2026, 2:47:31 p.m. EDT · latest trade in delayed consolidated feed · retrieval 3:02:58 p.m. EDT
SNAP underperformed META by 9.80 percentage points and PINS by 6.88 points at the same snapshot. That comparison supports a stock-specific repricing; it does not prove the lawsuit caused every part of the move.
Reuters reported that Meta separately agreed to pay up to $18 billion and make youth-safety product changes. Snap is not a party to that settlement, but its scale supplies a same-day industry benchmark for legal and product-remedy risk.
Philadelphia Court of Common Pleas · Pennsylvania Unfair Trade Practices and Consumer Protection Law (UTPCPL)
The near-term issue is remedy uncertainty. An injunction could matter through product design, marketing, compliance cost or engagement—not only through a cash penalty.
Risk transmission, not a forecast. Snap’s Aug. 4 10-Q—filed before this Pennsylvania case—already said youth-harm litigation outcomes were uncertain and that it could not estimate a reasonably possible loss range for those matters.
| Metric | Q2 2026 | Q2 2025 | YoY |
|---|---|---|---|
| Revenue | $1.599B | $1.345B | +19% |
| Advertising revenue | $1.283B | $1.174B | +9% |
| Other revenue | $316M | $171M | +85% |
| Adjusted EBITDA | $250M | $41M | +505% |
| Net loss | $(164)M | $(263)M | 38% narrower |
| Free cash flow | $121M | $24M | +407% |
| Average DAU | 493M | 469M | +5% |
| Global ARPU | $3.25 | $2.87 | +13% |
Exact reported figures were $1,598.993M revenue, $249.615M adjusted EBITDA, $(163.960)M net loss and $120.538M FCF. Adjusted EBITDA and FCF are non-GAAP measures.
Ad mix fell from 87.3% a year earlier; subscription-led other revenue rose to 19.8%.
The Q3 revenue range implies roughly 12.8%–15.5% growth versus Q3 2025, derived from $1.5068B.
Consensus is an aggregate, not company guidance, and can change after legal or operating developments.
Derived using the Aug. 26 intraday market value and June 30 balance sheet: $2.660B cash/securities and $3.535B debt. Snap reported 1.691B shares outstanding across all three classes as of July 30; vendors can use different share-count conventions. These are mixed-date approximations.
The $11 spread between low and high targets signals unusually broad model uncertainty. Targets are opinions, not promised outcomes.
A quantified penalty, injunction request, adverse preliminary ruling or settlement term would replace today’s open-ended exposure with a more modelable cost or product constraint.
Snap’s June 30 filing said the next two California JCCP youth-harm bellwether trials involving Snap were scheduled for October. Trial timing or resolution can reset risk expectations.
Revenue inside the $1.70B–$1.74B guide and adjusted EBITDA inside $300M–$350M would test whether Q2’s ad recovery and direct-revenue growth persist through the legal noise.
Flagship SUV return meets a low-margin growth plan.
Market data: August 26, 2026, 15:30 JST · Dashboard: August 27, 2026, 03:42 JST
Equity-value change uses the ¥9.20 share gain and 1.34 billion shares outstanding.
| Signal | Verified measure |
|---|---|
| Global return | After 5 years |
| Lifetime sales | >3.25M units |
| Historical markets | >170 |
| Dakar record | 12 wins |
| Platform | Triton ladder frame |
| Drive control | S-AWC |
Lifetime Pajero sales equal 3.8 times Mitsubishi's current full-year volume target.
Reveal date and triple multi meter confirmed.
Pricing, powertrain and initial markets are key.
Management links Pajero to sales growth.
857,000 retail units and 2.8% margin.
Sources: Mitsubishi Motors official Pajero site and releases; Mitsubishi Motors Q1 presentation summary; StockAnalysis and Investing.com market and consensus data. Currency is Japanese yen. Estimates are explicitly marked.
| Metric | EV | PHEV |
|---|---|---|
| Battery | 69.2kWh | 20.5kWh |
| Electric range | 517km | 115km |
| Combined range | — | 1,100km+ |
| BaaS rental | ₹4.90/km | ₹3.20/km |
| Delivery start | September | November |
EV BaaS cuts entry cost 28.2%; PHEV BaaS cuts it 15.2%. At 10,000km per year, rentals add ₹49,000 and ₹32,000.
| JSW MG 2025 sales | 70,500 vehicles |
| Growth vs. 2024 | +15.6% |
| Current annual capacity | 120,000 |
| Planned annual capacity | 300,000 |
| Planned investment | $330m–$440m |
| FY2025 venture loss | $121m |
| Close / daily move | CN¥10.39 / +0.78% |
| Volume | 32.57m shares |
| Market value | CN¥117.79bn |
| Trailing revenue | CN¥655.8bn |
| Trailing net income | CN¥10.11bn |
| Trailing P/E | 11.6× |
| Next earnings date | Aug. 29, 2026 |
| Checkpoint | Timing | Signal |
|---|---|---|
| EV registrations | September | Search interest converting into paid deliveries |
| PHEV handovers | November | Demand for long-range hybrid packaging |
| Localization | 2026–2027 | Lower FX and freight exposure |
| Capacity ramp | Multi-year | Utilization against 300,000-unit target |
| Fiscal Q3 2026 | Value | YoY |
|---|---|---|
| Revenue | $109.4B | +16% |
| Net income | $29.8B | +27% |
| Diluted EPS | $2.02 | +29% |
| Gross margin | 50.1% | +3.6 pts |
| Mac revenue | $10.4B | +28.7% |
Gross margin included an approximately two-point tariff-refund benefit.
Apple gives no Mac mini unit or revenue forecast. Higher prices may weaken demand. Memory constraints can delay shipments or pressure margins. Product claims are based on Apple's controlled tests.
| Q2 2026 | Value | YoY |
|---|---|---|
| Revenue | $60.80B | +28% |
| Net income | $15.85B | -14% |
| Operating margin | 31% | -12 pts |
| Ad impressions | — | +14% |
| Average ad price | — | +12% |
| Daily active people | 3.60B | +3% |
Court approval, payment timing and the conditional $5.3B remain unresolved. Meta faces thousands of related cases. Teen protections could affect engagement and advertising economics. The charge may force a revised expense outlook.
| Metric | Value | YoY |
|---|---|---|
| Group revenue | 191.1M zł | +6% |
| Witcher IP revenue | 44.7M zł | +36% |
| Witcher share of sales | 23.4% | +5.2 pts |
| Net profit | 106.2M zł | −5% |
| Cash/deposits/bonds | 1.41B zł | +6% q/q |
| Signal | Reading |
|---|---|
| Market cap | 24.01B zł |
| Quoted value lost today | ≈199.8M zł |
| Trailing P/E | 39.41× |
| 52-week range | 211.30–297.00 zł |
| Shares outstanding | 99.91M |
| Erste view | Meaningful positive Q4 impact |
| Driver | Upside | Constraint |
|---|---|---|
| Free remaster | Reactivates a 65M-player catalogue | No upgrade revenue from existing owners |
| New platforms | Incremental unit sales and distribution | Platform royalties and launch costs |
| Paid 2027 expansion | Monetizes a larger installed base | Pricing and release date undisclosed |
| 2028 Witcher 4 target | Extends franchise roadmap | Long flagship-release gap |
The 70–75 million-copy figure is an analyst estimate. A free update can lift engagement without converting into enough new purchases or expansion sales.
Sources: CD Projekt announcement and Q1 2026 presentation; Reuters, Aug. 26, 2026; Google Finance at 15:23:28 CEST. Time-sensitive figures are timestamped above.
High-end IC mix reached a record 44% of IC revenue. That implies about $68.1m of quarterly high-end IC sales, or 31.5% of company revenue.
The $400.9m premarket value gain equals 5.9 times this estimated quarterly revenue stream. It prices a richer mix, not just a modest top-line beat.
| Metric | Q3 FY26 | Q2 FY26 | Q3 FY25 | Signal |
|---|---|---|---|---|
| Revenue | $216.0m | $209.9m | $210.4m | Improving |
| IC revenue | $154.7m | $147.5m | $147.8m | +5% both ways |
| FPD revenue | $61.4m | $62.4m | $62.6m | -2% both ways |
| Adjusted EPS | $0.50 | $0.42 | $0.51 | Sequential rebound |
| Gross margin | 33.2% | 31.3% | 33.7% | +190 bp q/q |
| Operating margin | 21.1% | 20.1% | 22.9% | Below year ago |
Operating-margin guidance: 19%–24%; midpoint 21.5% versus Q3’s 21.1%.
| Implied premarket market cap | $2.13bn |
| Cash + short-term investments | $672.8m |
| JV-associated portion | $503.5m |
| Q3 operating cash flow | $76.3m |
| Q3 capex | $37.0m |
| Analyst average target | $46.00 |
The $46 target implies about 27% upside from $36.12. Three tracked analysts rate the shares Buy; coverage is limited.
![Australia Stock Market Today 27/08/2026 [UPDATE: 11:47 AEST] [Capex Slump Deepens ASX Losses as Equipment Spending Slides]](https://ts2.tech/wp-content/uploads/2026/08/AU-market-dashboard-2026-08-27-1145-480x384.jpg "Australia Stock Market Today 27/08/2026 [UPDATE: 11:47 AEST] [Capex Slump Deepens ASX Losses as Equipment Spending Slides]")
