Abstract

7.125% Fixed-Rate Reset Subordinated Debentures due 2052 will report quarterly results on February 05, 2026, Post Market, with expectations centering on accelerating revenue growth and steady earnings support alongside margin discipline informed by recent performance trends.

Market Forecast

Consensus indicators point to revenue of $6.34 billion for the current quarter, with adjusted EPS projected at $5.75; year-over-year growth is estimated at 16.87% for revenue and 9.23% for EPS. Forecasts imply continued operating execution and disciplined expense control, yet the absence of disclosed margin forecasts tempers visibility into gross and net profitability.

Last Quarter Review

The previous quarter delivered revenue of $6.20 billion, a gross profit margin of 12.02%, GAAP net profit attributable to the parent company of $0.25 billion, a net profit margin of 4.08%, and adjusted EPS of $6.37, with revenue growing 9.79% year over year and EPS rising 3.92% year over year. Quarter-on-quarter net profit growth reached 40.56%, indicating improved earnings leverage and effective cost management through the quarter. Total revenue of $6.20 billion increased 9.79% year over year, underscoring stable core operations and consistent demand across the principal revenue lines.

Current Quarter Outlook

Main Business

The core operations are set to anchor results this quarter, with revenue forecast at $6.34 billion and adjusted EPS at $5.75, reflecting year-over-year growth of 16.87% and 9.23%, respectively. This trajectory suggests ongoing resilience in topline performance stemming from existing contractual flows and balanced cost structures. Gross margin preservation is central given last quarter’s 12.02%, and while formal gross margin guidance is not disclosed, the anticipated earnings profile indicates continued efficiency. Changes in operating leverage and working capital discipline are likely to influence EBIT conversion and net margin translation, maintaining the earnings trajectory observed in the prior quarter.

Most Promising Business

Operating income generation is positioned as the most promising driver, with EBIT forecast at $0.52 billion and year-over-year growth of 6.09%. While the EBIT growth rate trails the projected revenue expansion, the positive slope signals healthy operating throughput that should contribute to stability in per-share earnings. The relationship between revenue momentum and EBIT progression will be shaped by cost absorption, timing of expense recognition, and mix. Sustained productivity gains can support incremental margin expansion, but execution precision—especially in overhead control—will define the degree of EBIT uplift realized against the topline.

Factors Most Impacting the Stock Price This Quarter

Earnings quality and margin trajectory will likely be the key factors impacting valuation sensitivity this quarter. Investors will watch for confirmation that last quarter’s 40.56% sequential net profit growth reflects structural improvements rather than transient effects, as this distinction influences confidence in forward earnings. Visibility into profitability remains pivotal since forecast margins are not provided; any signals on gross margin sustainability and net margin conversion from revenue to net income could recalibrate expectations. Finally, the cadence of EPS delivery relative to the $5.75 forecast will be closely scrutinized; performance versus expectations may influence near-term sentiment and price reaction.

Analyst Opinions

The majority of institutional commentary that can be referenced aligns with a supportive stance, reflecting confidence in the near-term earnings path anchored by a $6.34 billion revenue forecast and $5.75 adjusted EPS projection. Commentary emphasizes disciplined operating execution and stable earnings delivery within the projected growth profile, highlighting the constructive view toward margin containment despite limited formal guidance. The prevailing perspective underscores that consistent revenue growth and predictable per-share earnings remain the key pillars of the supportive outlook for this quarter.