$GTLB GitLab said the restructuring is designed to improve execution and position the company for long-term growth, with the plan expected to be substantially completed by the end of fiscal 2027.
$GTLB The company expects to incur $30M-$35M in pre-tax restructuring charges, primarily related to severance, employee benefits, and retention costs, with about $19M expected to be recognized in FQ2 2027.
$GTLB As part of the initiative, GitLab will exit 22 countries, reducing its geographic footprint by about 37%, as it seeks to streamline operations and better align resources with strategic priorities.
GitLab $GTLB -2.80%
EPS: $0.23 vs est $0.207 (+11.04%)
Revenue: $264.16M vs est $254.23M (+3.91%)
Shares slipped after the software development platform announced a restructuring plan that will impact approximately 14% of its global workforce.
$PANW Next-Generation Security ARR +60% to $8.1B, and remaining performance obligations +36% to $18.4B, reflecting strong demand for AI-related cybersecurity solutions and contributions from acquisitions.
Palo Alto Networks $PANW -5.64%
EPS: $0.85 vs est $0.793 (+7.21%)
Revenue: $3B vs est $2.94B (+2%)
Reported strong FQ3 beat & raising its FY2026 guidance across all key metrics.
$PANW posted adjusted EPS of $0.85 est $0.80 while revenue +31% Y/Y to $3.0B, topping estimates.
$LUNR -including Barclays and Cantor Fitzgerald, with agents receiving commissions of up to 3% of gross proceeds.
Shares will be sold at prevailing market prices on Nasdaq, with net proceeds used to purchase equivalent operating company units from Intuitive Machines, LLC.
Intuitive Machines $LUNR -14.51%
Shares dipped after filing a prospectus supplement for an at-the-market (ATM) offering of up to $500M in Class A common stock. The space infrastructure company plans to sell shares through a syndicate of ten agents -
$INTC -and pointed to CEO Lip-Bu Tan's restructuring efforts, including reducing management layers from 12 to 6 and cutting the workforce to below 80,000 employees, as steps to improve execution and efficiency.
$INTC CPU demand is expected to see "explosive growth" as AI adoption expands from training to inference and agentic AI workloads, supporting long-term data center growth.
Zinsner expressed confidence in Intel's ability to compete against Arm-based solutions
Intel $INTC +4.43% Strong demand for data center CPUs and ramp-up in supply from advanced Intel 3 and 18A manufacturing nodes.
Intel 3 & 18A will increase over the coming quarters to meet demand, while 18A is currently fastest-ramping product launch in at least 5 years.
$MDT This includes projected organic revenue growth of 6.75%-7.25%, sustained momentum across key business segments, and a 1.4% increase in the dividend to $0.72 per share.
$MDT Despite the FY2027 adjusted EPS guidance of $5.90-$6.00 falling short of the $6.06 consensus estimate, investors remained optimistic about the company's robust growth outlook.
$MDT Cardiovascular revenue +14%, led by exceptional growth in cardiac ablation solutions, where global sales surged 78% and U.S. sales +124%.
$MDT announced investments in two intracardiac echocardiography (ICE) technology firms to strengthen its Affera ablation platform.
Medtronic $MDT +5.69%
EPS: $1.55 vs est $1.54 (+0.64%)
Revenue: $9.81B vs est $9.62B (+1.94%)
Revenue rose nearly 10% Y/Y to $9.8B, topping estimates by $200M, while adjusted EPS of $1.55 narrowly beat consensus.
$GME CEO Cohen continues to pursue a proposed $56B acquisition of eBay, despite eBay's board rejecting the offer, with Cohen indicating he may consider a proxy fight and outlining plans to leverage GameStop's retail footprint to support eBay's marketplace operations.
$GME The video game retailer ended the quarter with a strong liquidity position, including $9.7B in cash and related assets, plus roughly $400M in digital assets and receivables. GameStop's board also approved a $2B share repurchase program running through July 2029.