4 articles
SunPower's gross profit fell 41% to $27.6 million in Q2 2026, from $46.9 million a year earlier, while revenue declined only 23%, from $73 million to $56 million. The gap signals margin erosion outpacing the sales decline, a problem new CFO Tom Kowalczuk now faces.
Principal Financial Group reported $37 billion in Q1 2026 gross investment management sales, up 21% year-over-year, with operating ROE hitting 16.1%. The result sharpens a growing divide between institutional asset managers and traditional banks, which are reducing headcount as GDP growth forecasts fall below 1% for H2 2026. Regional lenders like CVB Financial navigate post-merger integration while commercial real estate headwinds pressure credit portfolios.
AI-driven advertising algorithm changes at major platforms are creating significant revenue swings for direct-to-consumer beauty tech companies. ODDITY Tech expects Q1 2026 revenue to decline following algorithmic disruptions at its largest advertising partner, demonstrating how platform changes can impact AI-powered retail models.
Broadcom reported AI revenue growth of 106% year-over-year, with AI networking accounting for one-third of AI sales and growing 60%. Non-AI revenues remained flat at $4.1 billion, highlighting a bifurcation that sent shares lower despite strong AI performance.