{"id":92696,"date":"2026-07-24T08:00:20","date_gmt":"2026-07-24T00:00:20","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=92696"},"modified":"2026-07-24T11:20:52","modified_gmt":"2026-07-24T03:20:52","slug":"technical-analysis-24-july-2026","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-24-july-2026\/","title":{"rendered":"Technical Analysis: 24 July 2026"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"92696\" class=\"elementor elementor-92696\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7de8b58c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7de8b58c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-327eb9a6\" data-id=\"327eb9a6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3580cd48 elementor-widget elementor-widget-heading\" data-id=\"3580cd48\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">TECHNICAL ANALYSIS<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76fb0d42 elementor-widget elementor-widget-heading\" data-id=\"76fb0d42\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Technical Analysis: 24 July 2026<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78cfe52b elementor-widget elementor-widget-text-editor\" data-id=\"78cfe52b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"font-family: Montserrat; font-size: 13px; font-weight: 600; background: #e8f4ff; padding: 12px 18px; border-radius: 0px; margin-top: 16px;\"><span style=\"color: #15a4ff;\"><span style=\"text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\"><a href=\"#sp\">SINGAPORE<\/a><\/span><\/span> \u00a0|\u00a0 <span style=\"color: #15a4ff;\"><span style=\"text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\"><a href=\"#hk\">HONG KONG<\/a><\/span><\/span> \u00a0|\u00a0 <span style=\"color: #15a4ff;\"><span style=\"text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\"><a href=\"#us\">UNITED STATES<\/a>\u00a0\u00a0<\/span><\/span>|<span style=\"color: #15a4ff;\">\u00a0\u00a0<\/span><a style=\"background-color: #e8f4ff;\" href=\"#er\">EARNINGS<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5fd542a2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5fd542a2\" data-element_type=\"section\" data-e-type=\"section\" id=\"sg\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7d1bf575\" data-id=\"7d1bf575\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3d6ff210 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"3d6ff210\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Singapore<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-211acbef e-flex e-con-boxed e-con e-parent\" data-id=\"211acbef\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-caa650a e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"caa650a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInLeft&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d889dd6 elementor-widget elementor-widget-text-editor\" data-id=\"d889dd6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"padding-top: 0px; padding-right: 15px; padding-bottom: 0px; min-height: 55px;\"><p style=\"font-family: Montserrat; font-size: 11px; font-weight: 600; color: #9b9b9b; letter-spacing: 2px; text-transform: uppercase; margin: 0 0 6px;\">KEP SP<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">Keppel Ltd.<\/h3><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-05a679f elementor-widget elementor-widget-text-editor\" data-id=\"05a679f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"13\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Shares closed above the 5dEMA.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"13\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">Both RSI and MACD are constructive.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"13\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"6\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Buy \u2013 Entry\u00a011.2, Target\u00a013.0, Stop\u00a010.3<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3848921 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"3848921\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5e0c58a elementor-widget elementor-widget-image\" data-id=\"5e0c58a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1560\" height=\"928\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.23.02-PM.png\" class=\"attachment-full size-full wp-image-92684\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.23.02-PM.png 1560w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.23.02-PM-300x178.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.23.02-PM-1024x609.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.23.02-PM-768x457.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.23.02-PM-1536x914.png 1536w\" sizes=\"(max-width: 1560px) 100vw, 1560px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-04e9bfc e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"04e9bfc\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInRight&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-55d7169 elementor-widget elementor-widget-text-editor\" data-id=\"55d7169\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"padding: 0 15px; min-height: 55px;\"><p style=\"font-family: Montserrat; font-size: 11px; font-weight: 600; color: #9b9b9b; letter-spacing: 2px; text-transform: uppercase; margin: 0 0 6px;\">JCNC SP<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">Jardine Cycle &amp; Carriage Limited.<\/h3><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc8b150 elementor-widget elementor-widget-text-editor\" data-id=\"cc8b150\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li><span data-ccp-props=\"{}\">\u00a0<\/span><span data-contrast=\"none\">Shares closed above the 5dEMA\u00a0with rising volume.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"13\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"8\" data-aria-level=\"1\"><span data-contrast=\"auto\">RSI\u00a0is constructive\u00a0and MACD\u00a0is about to turn positive.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"13\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"9\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Buy \u2013 Entry\u00a027.5, Target\u00a031.5, Stop\u00a025.5<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f6c763 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5f6c763\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2a7904c elementor-widget elementor-widget-image\" data-id=\"2a7904c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1562\" height=\"928\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.23.51-PM.png\" class=\"attachment-full size-full wp-image-92685\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.23.51-PM.png 1562w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.23.51-PM-300x178.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.23.51-PM-1024x608.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.23.51-PM-768x456.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.23.51-PM-1536x913.png 1536w\" sizes=\"(max-width: 1562px) 100vw, 1562px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-59bbfb01 e-flex e-con-boxed e-con e-parent\" data-id=\"59bbfb01\" data-element_type=\"container\" data-e-type=\"container\" id=\"hk\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-48ad8487 e-con-full e-flex e-con e-child\" data-id=\"48ad8487\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6496da02 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"6496da02\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Hong Kong<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0b714db e-flex e-con-boxed e-con e-parent\" data-id=\"0b714db\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-e845b60 e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"e845b60\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInLeft&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0a08a42 elementor-widget elementor-widget-text-editor\" data-id=\"0a08a42\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"padding: 0 15px; min-height: 55px;\"><p style=\"font-family: Montserrat; font-size: 11px; font-weight: 600; color: #9b9b9b; letter-spacing: 2px; text-transform: uppercase; margin: 0 0 6px;\">2510 HK<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">TS Lines Ltd<\/h3><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8424634 elementor-widget elementor-widget-text-editor\" data-id=\"8424634\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"10\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Shares closed at a one-month high above the 5dEMA. The 5dEMA crossed the 100dEMA.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"10\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Both RSI and MACD are constructive.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"10\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Long\u00a0<\/span><\/b><span data-contrast=\"auto\">\u2013\u00a0<\/span><b><span data-contrast=\"auto\">Entry\u00a08.6,\u00a0Target\u00a09.2,\u00a0Stop\u00a08.2<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8ca8642 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"8ca8642\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6063494 elementor-widget elementor-widget-image\" data-id=\"6063494\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1562\" height=\"912\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.25.08-PM.png\" class=\"attachment-full size-full wp-image-92686\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.25.08-PM.png 1562w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.25.08-PM-300x175.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.25.08-PM-1024x598.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.25.08-PM-768x448.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.25.08-PM-1536x897.png 1536w\" sizes=\"(max-width: 1562px) 100vw, 1562px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-796d6d3 e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"796d6d3\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInRight&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ca1d82b elementor-widget elementor-widget-text-editor\" data-id=\"ca1d82b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"padding: 0 15px; min-height: 55px;\"><p style=\"font-family: Montserrat; font-size: 11px; font-weight: 600; color: #9b9b9b; letter-spacing: 2px; text-transform: uppercase; margin: 0 0 6px;\">1919 HK<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">COSCO SHIPPING Holdings Co., Ltd.\u00a0<\/h3><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-42f415e elementor-widget elementor-widget-text-editor\" data-id=\"42f415e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"11\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Shares closed at a one-month high above the 5dEMA.<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"11\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">MACD is constructive, while RSI is at an overbought level.<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"11\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"6\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Long \u2013 Entry&nbsp;15.3, Target&nbsp;16.5, Stop&nbsp;14.7<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<br><\/span><\/li>\n<\/ul><div><br><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48f64b5 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"48f64b5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b46392 elementor-widget elementor-widget-image\" data-id=\"7b46392\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1558\" height=\"914\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.27.52-PM.png\" class=\"attachment-full size-full wp-image-92687\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.27.52-PM.png 1558w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.27.52-PM-300x176.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.27.52-PM-1024x601.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.27.52-PM-768x451.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.27.52-PM-1536x901.png 1536w\" sizes=\"(max-width: 1558px) 100vw, 1558px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ec83e44 e-flex e-con-boxed e-con e-parent\" data-id=\"ec83e44\" data-element_type=\"container\" data-e-type=\"container\" id=\"us\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-2a2d5e8f e-con-full e-flex e-con e-child\" data-id=\"2a2d5e8f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d298853 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"d298853\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">United States<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a4bba78 e-flex e-con-boxed e-con e-parent\" data-id=\"a4bba78\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-49fcacc9 e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"49fcacc9\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInLeft&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1d277b15 elementor-widget elementor-widget-text-editor\" data-id=\"1d277b15\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"padding: 0 15px; min-height: 55px;\"><p style=\"font-family: Montserrat; font-size: 11px; font-weight: 600; color: #9b9b9b; letter-spacing: 2px; text-transform: uppercase; margin: 0 0 6px;\">HON US<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">Honeywell International Inc.\u00a0<\/h3><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a4d3e66 elementor-widget elementor-widget-text-editor\" data-id=\"6a4d3e66\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"15\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Shares closed\u00a0above\u00a0the\u00a05dEMA\u00a0with an increasing\u00a0volume.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"15\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">RSI\u00a0is constructive\u00a0and MACD\u00a0is about to turn positive.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"15\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Long \u2013 Entry\u00a0240,\u00a0Target\u00a0260,\u00a0Stop\u00a0230<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-179691ff elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"179691ff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-38985d1d elementor-widget elementor-widget-image\" data-id=\"38985d1d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"910\" height=\"548\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-24-at-11.16.38-AM.png\" class=\"attachment-full size-full wp-image-92748\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-24-at-11.16.38-AM.png 910w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-24-at-11.16.38-AM-300x181.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-24-at-11.16.38-AM-768x462.png 768w\" sizes=\"(max-width: 910px) 100vw, 910px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-47db7ac5 e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"47db7ac5\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInRight&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8e69be9 elementor-widget elementor-widget-text-editor\" data-id=\"8e69be9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"padding: 0 15px; min-height: 55px;\"><p style=\"font-family: Montserrat; font-size: 11px; font-weight: 600; color: #9b9b9b; letter-spacing: 2px; text-transform: uppercase; margin: 0 0 6px;\">NVDA US<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">NVIDIA Corporation\u00a0<\/h3><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-31bab0f1 elementor-widget elementor-widget-text-editor\" data-id=\"31bab0f1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Shares closed\u00a0above\u00a0the\u00a05dEMA.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Both RSI and MACD are constructive.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Long \u2013 Entry\u00a0207,\u00a0Target\u00a0235,\u00a0Stop\u00a0193<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<br \/><\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2d3c72a2 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"2d3c72a2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-73aec530 elementor-widget elementor-widget-image\" data-id=\"73aec530\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"914\" height=\"544\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-24-at-11.17.36-AM.png\" class=\"attachment-full size-full wp-image-92749\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-24-at-11.17.36-AM.png 914w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-24-at-11.17.36-AM-300x179.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-24-at-11.17.36-AM-768x457.png 768w\" sizes=\"(max-width: 914px) 100vw, 914px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1a0c420a e-con e-atomic-element e-flexbox-base e-1a0c420a-108c1cb \" data-id=\"1a0c420a\" data-element_type=\"e-flexbox\" data-e-type=\"e-flexbox\" data-interaction-id=\"1a0c420a\" data-e-type=\"e-flexbox\" data-id=\"1a0c420a\">\n    \t\t\t<p class=\"e-32092b11-15817bd e-paragraph-base\" data-interaction-id=\"32092b11\" data-e-type=\"widget\" data-id=\"32092b11\"><a target=\"_self\" href=\"#top\" id=\"e-mq4jsug1-z6kdzol\">^ Back to Top<\/a><\/p>\n\t\t\n<\/div>\n<div class=\"elementor-element elementor-element-30f27d76 e-flex e-con-boxed e-con e-parent\" data-id=\"30f27d76\" data-element_type=\"container\" data-e-type=\"container\" id=\"er\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-ad2646f e-con-full e-flex e-con e-child\" data-id=\"ad2646f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-50b50a35 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"50b50a35\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Earnings<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-39b0c2cc e-flex e-con-boxed elementor-invisible e-con e-parent\" data-id=\"39b0c2cc\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_tablet&quot;:&quot;fadeInUp&quot;,&quot;animation_mobile&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-297187d6 elementor-widget elementor-widget-text-editor\" data-id=\"297187d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b><span data-contrast=\"auto\">Nokia Oyj (NOK)<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Revenue:\u00a0<\/span><\/b><span data-contrast=\"auto\">\u20ac4.82B<\/span><span data-contrast=\"auto\">,\u00a0+8.3% YoY,\u00a0miss\u00a0estimates\u00a0by\u00a0<\/span><span data-contrast=\"auto\">\u20ac10M<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Non-GAAP\u00a0EPS<\/span><\/b><span data-contrast=\"auto\">:\u00a0<\/span><span data-contrast=\"auto\">\u202f\u20ac0.07,\u00a0beat\u00a0estimates\u00a0by\u00a0\u202f\u20ac0.01<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">FY<\/span><\/b><b><span data-contrast=\"auto\">26\u00a0Guidance:<\/span><\/b><span data-contrast=\"auto\">\u00a0FY26 comparable operating-profit guidance is now \u20ac2.1B\u2013\u20ac2.6B, versus \u20ac2.0B\u2013\u20ac2.5B previously. However, this was a technical revision following the reclassification of two businesses as discontinued operations rather than an underlying upgrade.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Dividends\/Share Buybacks:\u00a0<\/span><\/b><span data-contrast=\"auto\">Declared\u00a0a\u00a0\u20ac0.04-per-share\u00a0dividend, payable on 6 August 2026. The Board\u00a0retains\u00a0authorization to distribute up to a further \u20ac0.06 per share.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment:\u00a0<\/span><\/b><span data-contrast=\"auto\">This was a strong underlying quarter. AI and cloud customer revenue increased 105% to \u20ac446M, while new AI and cloud orders reached \u20ac2.8B. Management expects\u00a0approximately half\u00a0of these orders to convert into revenue over the next 12 months, providing improved visibility for Nokia\u2019s optical and IP networking businesses. The main constraints are\u00a0supply\u00a0availability and restructuring costs. Comparable margins\u00a0improved, but\u00a0reported operating margin fell to negative 1.0% as Nokia accelerated restructuring actions. Management also expects 3Q operating profit to remain broadly flat sequentially, while rising memory-component prices could place pressure on equipment costs. Nokia\u2019s U.S.-listed ADR declined approximately 5.4% following the results, despite the profit beat. The principal variables are conversion of the \u20ac2.8B AI order intake, optical-manufacturing capacity, component-cost\u00a0inflation\u00a0and execution of the \u20ac800M restructuring programme.\u00a0<\/span><b><span data-contrast=\"auto\">3Q26\u00a0recommended trading range: $9\u00a0to $11.\u00a0Neutral\u00a0Outlook.<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">\u8bfa\u57fa\u4e9a\u516c\u53f8\uff08NOK<\/span><\/b><b><span data-contrast=\"auto\">)<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">48.2\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u589e\u957f8.3%\uff0c\u7565\u4f4e\u4e8e\u9884\u671f1000\u4e07\u6b27\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">0.07\u6b27\u5143\uff0c\u5c0f\u5e45\u8d85\u51fa\u9884\u671f0.01\u6b27\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\u8c03\u6574\uff1a<\/span><\/b><span data-contrast=\"auto\">\u53ef\u6bd4\u8425\u4e1a\u5229\u6da6\u6307\u5f15\u4e0a\u8c03\u81f321\u4ebf\u201326\u4ebf\u6b27\u5143\uff08\u539f\u4e3a20\u4ebf\u201325\u4ebf\u6b27\u5143\uff09\uff0c\u4f46\u6b64\u8c03\u6574\u4e3b\u8981\u6e90\u4e8e\u4e24\u9879\u4e1a\u52a1\u88ab\u91cd\u65b0\u5f52\u7c7b\u4e3a\u201c\u7ec8\u6b62\u7ecf\u8425\u201d\uff0c\u5e76\u975e\u6838\u5fc3\u4e1a\u52a1\u5b9e\u8d28\u6027\u6539\u5584<\/span>\u00a0<br \/><b><span data-contrast=\"auto\">\u80a1\u606f\uff1a<\/span><\/b><span data-contrast=\"auto\">\u5ba3\u5e03\u6bcf\u80a10.04\u6b27\u5143\u80a1\u606f\uff082026\u5e748\u67086\u65e5\u652f\u4ed8\uff09\uff1b\u8463\u4e8b\u4f1a\u4fdd\u7559\u989d\u5916\u6d3e\u53d1\u6700\u9ad80.06\u6b27\u5143\/\u80a1\u7684\u6388\u6743<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u57fa\u672c\u9762\u8868\u73b0\u5f3a\u52b2\uff0c\u5c24\u5176\u5728AI\u4e0e\u4e91\u7f51\u7edc\u9886\u57df\u53d6\u5f97\u7a81\u7834\u3002AI\u4e0e\u4e91\u5ba2\u6237\u6536\u5165\u540c\u6bd4\u66b4\u589e105%\u81f34.46\u4ebf\u6b27\u5143\uff0c\u65b0\u8ba2\u5355\u8fbe28\u4ebf\u6b27\u5143\uff0c\u7ba1\u7406\u5c42\u9884\u8ba1\u5176\u4e2d\u7ea6\u4e00\u534a\u5c06\u5728\u672a\u676512\u4e2a\u6708\u5185\u8f6c\u5316\u4e3a\u6536\u5165\uff0c\u663e\u8457\u63d0\u5347\u5149\u7f51\u7edc\u4e0eIP\u8def\u7531\u4e1a\u52a1\u7684\u80fd\u89c1\u5ea6\u3002\u7136\u800c\uff0c\u5e02\u573a\u53cd\u5e94\u8d1f\u9762\u2014\u2014\u7f8e\u56fd\u5b58\u6258\u51ed\u8bc1\uff08ADR\uff09\uff0c\u4e3b\u56e0\u4ee5\u4e0b\u5236\u7ea6\u56e0\u7d20\uff1a\u4f9b\u5e94\u94fe\u74f6\u9888\u9650\u5236\u4ea4\u4ed8\u80fd\u529b\uff1b\u91cd\u7ec4\u6210\u672c\u9ad8\u4f01\uff1a\u5c3d\u7ba1\u53ef\u6bd4\u5229\u6da6\u7387\u6539\u5584\uff0c\u4f46\u62a5\u544a\u8425\u4e1a\u5229\u6da6\u7387\u4e3a**-1.0%**\uff0c\u56e0\u516c\u53f8\u52a0\u901f\u63a8\u8fdb8\u4ebf\u6b27\u5143\u91cd\u7ec4\u8ba1\u5212\uff1bQ3\u8425\u4e1a\u5229\u6da6\u9884\u8ba1\u73af\u6bd4\u6301\u5e73\uff0c\u53e0\u52a0\u5185\u5b58\u7b49\u7ec4\u4ef6\u4ef7\u683c\u4e0a\u6da8\uff0c\u53ef\u80fd\u8fdb\u4e00\u6b65\u6324\u538b\u8bbe\u5907\u6bdb\u5229\u7387\u3002\u5c3d\u7ba1\u76c8\u5229\u5c0f\u5e45\u8d85\u9884\u671f\uff0c\u6295\u8d44\u8005\u66f4\u62c5\u5fe7\u77ed\u671f\u6267\u884c\u538b\u529b\u4e0e\u6210\u672c\u901a\u80c0\u5bf9\u5229\u6da6\u5151\u73b0\u7684\u963b\u788d\u3002\u6b64\u5916\uff0c\u5168\u5e74\u5229\u6da6\u6307\u5f15\u7684\u201c\u4e0a\u8c03\u201d\u5c5e\u4f1a\u8ba1\u8c03\u6574\uff0c\u672a\u53cd\u6620\u8fd0\u8425\u5b9e\u8d28\u5347\u7ea7\uff0c\u524a\u5f31\u4e86\u6b63\u9762\u4fe1\u53f7\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff0928\u4ebf\u6b27\u5143AI\u76f8\u5173\u8ba2\u5355\u5411\u6536\u5165\u7684\u8f6c\u5316\u6548\u7387\uff1b\uff082\uff09\u5149\u6a21\u5757\u4e0e\u5236\u9020\u4ea7\u80fd\u80fd\u5426\u5339\u914d\u9700\u6c42\u589e\u957f\uff1b\uff083\uff09\u7ec4\u4ef6\u6210\u672c\uff08\u5982\u5185\u5b58\u3001\u82af\u7247\uff09\u662f\u5426\u7ee7\u7eed\u4e0a\u6da8\uff1b\uff084\uff098\u4ebf\u6b27\u5143\u91cd\u7ec4\u8ba1\u5212\u80fd\u5426\u5982\u671f\u5b8c\u6210\u5e76\u91ca\u653e\u534f\u540c\u6548\u76ca\u3002\u8bfa\u57fa\u4e9a\u6b63\u4ece\u4f20\u7edf\u7535\u4fe1\u8bbe\u5907\u5546\u5411AI\u9a71\u52a8\u7684\u7f51\u7edc\u57fa\u7840\u8bbe\u65bd\u63d0\u4f9b\u5546\u8f6c\u578b\uff0c\u5728\u5149\u4f20\u8f93\u4e0eIP\u9886\u57df\u5177\u5907\u6218\u7565\u5361\u4f4d\u4f18\u52bf\u3002\u4f46\u77ed\u671f\u76c8\u5229\u6ce2\u52a8\u6027\u9ad8\uff0c\u4f30\u503c\u53d7\u9650\u4e8e\u6267\u884c\u98ce\u9669\u4e0e\u884c\u4e1a\u7ade\u4e89\u3002<\/span><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a9\u7f8e\u5143\u81f311\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/span><\/b><span data-contrast=\"auto\">\u3002<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">Cleveland-Cliffs Inc.\u00a0(CLF)<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"6\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Revenue:\u00a0<\/span><\/b><span data-contrast=\"auto\">$5.2B<\/span><span data-contrast=\"auto\">,\u00a0+5.5% YoY,\u00a0beat\u00a0estimates by $60M<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"7\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Non-GAAP\u00a0EPS<\/span><\/b><span data-contrast=\"auto\">:\u00a0&#8211;<\/span><span data-contrast=\"auto\">$0.20, beat estimates by $0.02<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"8\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">3Q<\/span><\/b><b><span data-contrast=\"auto\">26\u00a0Guidance:<\/span><\/b><span data-contrast=\"auto\">\u00a03Q26 adjusted EBITDA is expected to reach approximately $575M, more than double 2Q26.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"9\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">FY26 Guidance:\u00a0<\/span><\/b><span data-contrast=\"auto\">Maintained FY26 steel-shipment guidance of 16.5M\u201317.0M tons and capex guidance of approximately $700M.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"10\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment:\u00a0<\/span><\/b><span data-contrast=\"auto\">This was a clear operational inflection despite the company\u00a0remaining\u00a0loss-making. Pricing increased, adjusted EBITDA tripled sequentially and operating cash flow reached $230M. Automotive demand remained resilient, while completed maintenance outages should support higher\u00a0utilization\u00a0and lower unit costs in the second half. The principal positive is the sharp step-up expected in 3Q and 4Q profitability. Subdued imports, Section 232\u00a0tariffs\u00a0and fixed-price contract resets should support domestic pricing, with management estimating\u00a0approximately $500M of incremental 2027 EBITDA from contract repricing. However, the recovery\u00a0remains\u00a0highly sensitive\u00a0to hot-rolled-coil prices, tariff policy, automotive\u00a0production\u00a0and execution on debt reduction. Shares rose approximately 16% after results as investors prioritized the stronger outlook over the near-term adjusted loss.\u00a0<\/span><b><span data-contrast=\"auto\">3Q26\u00a0recommended trading range: $9\u00a0to $12.\u00a0Neutral\u00a0Outlook.<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">Cleveland-Cliffs\u00a0Inc.\uff08CLF<\/span><\/b><b><span data-contrast=\"auto\">)<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">52<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f<\/span><span data-contrast=\"auto\">5.5%<\/span><span data-contrast=\"auto\">\uff0c\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">6000<\/span><span data-contrast=\"auto\">\u4e07\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"6\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u4e8f\u635f\uff1a<\/span><\/b><span data-contrast=\"auto\">0.20<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff0c\u4f18\u4e8e\u9884\u671f<\/span><span data-contrast=\"auto\">0.02<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff08\u4e8f\u635f\u6536\u7a84\uff09<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"7\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u8c03\u6574\u540e<\/span><span data-contrast=\"auto\">EBITDA<\/span><span data-contrast=\"auto\">\u9884\u8ba1\u8fbe\u7ea6<\/span><span data-contrast=\"auto\">5.75<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u8f83<\/span><span data-contrast=\"auto\">Q2<\/span><span data-contrast=\"auto\">\u7ffb\u500d\u4ee5\u4e0a<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"8\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u7ef4\u6301\u94a2\u6750\u51fa\u8d27\u91cf<\/span><span data-contrast=\"auto\">1650<\/span><span data-contrast=\"auto\">\u4e07\u2013<\/span><span data-contrast=\"auto\">1700<\/span><span data-contrast=\"auto\">\u4e07\u5428\u3001\u8d44\u672c\u5f00\u652f\u7ea6<\/span><span data-contrast=\"auto\">7<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"9\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u6807\u5fd7\u7740\u660e\u663e\u7684\u8fd0\u8425\u62d0\u70b9\uff0c\u5c3d\u7ba1\u516c\u53f8\u4ecd\u5904\u4e8e\u8d26\u9762\u4e8f\u635f\u72b6\u6001\u3002\u4ea7\u54c1\u552e\u4ef7\u56de\u5347\u3001\u7ef4\u62a4\u68c0\u4fee\u5b8c\u6210\u3001\u6c7d\u8f66\u9700\u6c42\u7a33\u5065\u5171\u540c\u63a8\u52a8\u8c03\u6574\u540e<\/span><span data-contrast=\"auto\">EBITDA<\/span><span data-contrast=\"auto\">\u73af\u6bd4\u589e\u957f\u4e09\u500d\uff0c\u7ecf\u8425\u6027\u73b0\u91d1\u6d41\u8fbe<\/span><span data-contrast=\"auto\">2.3<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u663e\u793a\u57fa\u672c\u9762\u663e\u8457\u6539\u5584\u3002\u7ba1\u7406\u5c42\u5bf9\u4e0b\u534a\u5e74\u76c8\u5229\u524d\u666f\u6781\u4e3a\u4e50\u89c2\uff1a\u53d7\u76ca\u4e8e\u8fdb\u53e3\u4f4e\u8ff7\u3001<\/span><span data-contrast=\"auto\">232<\/span><span data-contrast=\"auto\">\u6761\u6b3e\u5173\u7a0e\u4fdd\u62a4\u53ca\u56fa\u5b9a\u4ef7\u683c\u5408\u540c\u91cd\u65b0\u5b9a\u4ef7\uff0c\u9884\u8ba1<\/span><span data-contrast=\"auto\">Q3<\/span><span data-contrast=\"auto\">\u8d77\u76c8\u5229\u80fd\u529b\u5c06\u5927\u5e45\u8dc3\u5347\u3002\u66f4\u957f\u671f\u770b\uff0c\u4ec5\u5408\u540c\u91cd\u5b9a\u4ef7\u4e00\u9879\uff0c\u5c31\u53ef\u80fd\u5728<\/span><span data-contrast=\"auto\">2027<\/span><span data-contrast=\"auto\">\u5e74\u5e26\u6765\u7ea6<\/span><span data-contrast=\"auto\">5<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\u7684\u589e\u91cf<\/span><span data-contrast=\"auto\">EBITDA<\/span><span data-contrast=\"auto\">\uff0c\u4e3a\u76c8\u5229\u4fee\u590d\u63d0\u4f9b\u9ad8\u80fd\u89c1\u5ea6\u3002\u8d22\u62a5\u540e\u80a1\u4ef7\u5927\u6da8\u7ea6<\/span><span data-contrast=\"auto\">16%<\/span><span data-contrast=\"auto\">\uff0c\u53cd\u6620\u5e02\u573a\u66f4\u770b\u91cd\u524d\u77bb\u6027\u76c8\u5229\u5f39\u6027\u800c\u975e\u5f53\u524d\u4e8f\u635f\u3002\u6295\u8d44\u8005\u8ba4\u53ef\u516c\u53f8\u5728\u5317\u7f8e\u94a2\u94c1\u5e02\u573a\u4e2d\u7684\u6574\u5408\u4f18\u52bf\u4e0e\u5b9a\u4ef7\u6743\u3002\u7136\u800c\uff0c\u590d\u82cf\u8def\u5f84\u4ecd\u9ad8\u5ea6\u654f\u611f\u4e8e\u5916\u90e8\u53d8\u91cf\uff1a\uff08<\/span><span data-contrast=\"auto\">1<\/span><span data-contrast=\"auto\">\uff09\u70ed\u8f67\u5377\u677f\uff08<\/span><span data-contrast=\"auto\">HRC\uff09\uff1b\uff082<\/span><span data-contrast=\"auto\">\uff09\u7f8e\u56fd\u8d38\u6613\u653f\u7b56\u662f\u5426\u7ef4\u6301\u4fdd\u62a4\u6027\u5173\u7a0e\uff1b\uff08<\/span><span data-contrast=\"auto\">3<\/span><span data-contrast=\"auto\">\uff09\u6c7d\u8f66\u884c\u4e1a\u751f\u4ea7\u8282\u594f\u662f\u5426\u6301\u7eed\u7a33\u5065\uff1b\uff08<\/span><span data-contrast=\"auto\">4<\/span><span data-contrast=\"auto\">\uff09\u516c\u53f8\u80fd\u5426\u6709\u6548\u964d\u4f4e\u9ad8\u4f01\u7684\u503a\u52a1\u6c34\u5e73\uff08\u622a\u81f3<\/span><span data-contrast=\"auto\">Q2<\/span><span data-contrast=\"auto\">\u51c0\u8d1f\u503a\u4ecd\u8d85<\/span><span data-contrast=\"auto\">100<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff09\u3002\u82e5<\/span><span data-contrast=\"auto\">HRC<\/span><span data-contrast=\"auto\">\u4ef7\u683c\u7ef4\u6301\u5728<\/span><span data-contrast=\"auto\">800<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-contrast=\"auto\">\/<\/span><span data-contrast=\"auto\">\u77ed\u5428\u4ee5\u4e0a\u4e14\u6c7d\u8f66\u9700\u6c42\u4e0d\u9000\u5761\uff0c<\/span><span data-contrast=\"auto\">Cleveland-Cliffs<\/span><span data-contrast=\"auto\">\u6709\u671b\u5728<\/span><span data-contrast=\"auto\">H2<\/span><span data-contrast=\"auto\">\u5b9e\u73b0\u5f3a\u52b2\u76c8\u5229\u53cd\u8f6c\uff0c\u5e76\u52a0\u901f\u53bb\u6760\u6746\u3002\u4f46\u5468\u671f\u6027\u884c\u4e1a\u5c5e\u6027\u51b3\u5b9a\u5176\u4f30\u503c\u6ce2\u52a8\u6027\u8f83\u9ad8\u3002<\/span><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/span><\/b><b><span data-contrast=\"auto\">9<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u81f3<\/span><\/b><b><span data-contrast=\"auto\">12<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/span><\/b><span data-contrast=\"auto\">\u3002<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">American Airlines Group Inc.\u00a0(AAL)<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"11\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Revenue:\u00a0<\/span><\/b><span data-contrast=\"auto\">$16.74B<\/span><span data-contrast=\"auto\">,\u00a0+16.2% YoY, beat estimates by $50M<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"12\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Non-GAAP\u00a0EPS<\/span><\/b><span data-contrast=\"auto\">:\u00a0<\/span><span data-contrast=\"auto\">$0.15, beat estimates by $0.10<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"13\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">FY26\u00a0Guidance:<\/span><\/b><span data-contrast=\"auto\">\u00a0Cut FY26 adjusted EPS guidance to a range of a $0.65 loss to a $0.65 profit, from\u00a0a previous\u00a0range of a $0.40 loss to a $1.10 profit.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"14\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment:\u00a0<\/span><\/b><span data-contrast=\"auto\">The revenue performance was strong, with record quarterly sales and broad improvement across premium, domestic,\u00a0international\u00a0and corporate travel. Higher fares offset almost half of the $2.2B YoY increase in fuel expense,\u00a0demonstrating\u00a0improved pricing power. However, fuel expense increased 83% to $4.88B and absorbed\u00a0nearly the\u00a0entire incremental revenue contribution. The revised FY26 guidance now implies breakeven at the midpoint, while the expected 3Q loss\u00a0indicates\u00a0that strong demand is insufficient to protect earnings at current fuel prices. Shares fell approximately 8% after results. The principal variables are jet-fuel prices, fare recovery, premium and corporate demand, non-fuel cost\u00a0discipline\u00a0and progress in closing the margin gap with Delta and United.\u00a0<\/span><b><span data-contrast=\"auto\">3Q26\u00a0recommended trading range: $10\u00a0to $15.\u00a0Negative\u00a0Outlook.<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">American Airlines Group\u00a0Inc.\uff08AAL<\/span><\/b><b><span data-contrast=\"auto\">)<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"10\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">167.4<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f<\/span><span data-contrast=\"auto\">16.2%<\/span><span data-contrast=\"auto\">\uff0c\u5c0f\u5e45\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">5000<\/span><span data-contrast=\"auto\">\u4e07\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"11\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">0.15<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff0c\u663e\u8457\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">0.10<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"12\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u5168\u5e74\u6307\u5f15\u5927\u5e45\u4e0b\u8c03\uff1a<\/span><\/b><span data-contrast=\"auto\">\u8c03\u6574\u540e<\/span><span data-contrast=\"auto\">EPS<\/span><span data-contrast=\"auto\">\u6307\u5f15\u6536\u7a84\u81f3\u4e8f\u635f<\/span><span data-contrast=\"auto\">0.65<\/span><span data-contrast=\"auto\">\u7f8e\u5143\u81f3\u76c8\u5229<\/span><span data-contrast=\"auto\">0.65<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff08\u539f\u4e3a\u4e8f\u635f<\/span><span data-contrast=\"auto\">0.40<\/span><span data-contrast=\"auto\">\u7f8e\u5143\u81f3\u76c8\u5229<\/span><span data-contrast=\"auto\">1.10<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff09\uff0c\u4e2d\u503c\u5f52\u96f6\uff0c\u6697\u793a\u5168\u5e74\u53ef\u80fd\u4ec5\u52c9\u5f3a\u76c8\u4e8f\u5e73\u8861<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"13\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u9876\u5c42\u9700\u6c42\u5f3a\u52b2\uff0c\u521b\u4e0b\u5386\u53f2\u6700\u9ad8\u5b63\u5ea6\u8425\u6536\uff0c\u9ad8\u7aef\u8231\u4f4d\u3001\u56fd\u5185\u3001\u56fd\u9645\u53ca\u4f01\u4e1a\u65c5\u884c\u5168\u9762\u6539\u5584\u3002\u516c\u53f8\u5c55\u73b0\u51fa\u66f4\u5f3a\u7684\u5b9a\u4ef7\u80fd\u529b\u2014\u2014\u7968\u4ef7\u4e0a\u6da8\u62b5\u6d88\u4e86\u7ea6\u4e00\u534a\u7684\u71c3\u6cb9\u6210\u672c\u98d9\u5347\uff08\u540c\u6bd4\u589e\u52a0<\/span><span data-contrast=\"auto\">22<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff09\u3002\u7136\u800c\uff0c\u71c3\u6cb9\u652f\u51fa\u540c\u6bd4\u66b4\u589e<\/span><span data-contrast=\"auto\">83%<\/span><span data-contrast=\"auto\">\u81f3<\/span><span data-contrast=\"auto\">48.8<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u51e0\u4e4e\u541e\u566c\u5168\u90e8\u65b0\u589e\u6536\u5165\uff0c\u5bfc\u81f4\u76c8\u5229\u6781\u5ea6\u8106\u5f31\u3002\u5c3d\u7ba1<\/span><span data-contrast=\"auto\">Q2<\/span><span data-contrast=\"auto\">\u5b9e\u73b0\u5c0f\u5e45\u76c8\u5229\uff0c\u4f46\u7ba1\u7406\u5c42\u9884\u8ba1\u7b2c\u4e09\u5b63\u5ea6\u4ecd\u5c06\u5f55\u5f97\u4e8f\u635f\uff0c\u51f8\u663e\u5f53\u524d\u9ad8\u6cb9\u4ef7\u73af\u5883\u4e0b\uff0c\u5373\u4f7f\u9700\u6c42\u65fa\u76db\uff0c\u4e5f\u96be\u4ee5\u4fdd\u969c\u53ef\u6301\u7eed\u5229\u6da6\u3002\u8d22\u62a5\u540e\u80a1\u4ef7\u5927\u8dcc\u7ea6<\/span><span data-contrast=\"auto\">8%<\/span><span data-contrast=\"auto\">\uff0c\u53cd\u6620\u5e02\u573a\u5bf9\u76c8\u5229\u80fd\u89c1\u5ea6\u7f3a\u5931\u4e0e\u7ed3\u6784\u6027\u52a3\u52bf\u7684\u62c5\u5fe7\u3002\u76f8\u8f83\u4e8e\u8fbe\u7f8e\uff08<\/span><span data-contrast=\"auto\">DAL<\/span><span data-contrast=\"auto\">\uff09\u548c\u7f8e\u8054\u822a\uff08<\/span><span data-contrast=\"auto\">UAL<\/span><span data-contrast=\"auto\">\uff09\uff0c\u7f8e\u822a\u5728\u5355\u4f4d\u6210\u672c\u3001\u8fd0\u529b\u7eaa\u5f8b\u548c\u5229\u6da6\u7387\u65b9\u9762\u4ecd\u5b58\u5dee\u8ddd\uff0c\u4fee\u590d\u8fdb\u5ea6\u6162\u4e8e\u540c\u4e1a\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff08<\/span><span data-contrast=\"auto\">1<\/span><span data-contrast=\"auto\">\uff09\u822a\u6cb9\u4ef7\u683c\u8d70\u52bf\uff08\u5e03\u4f26\u7279\u82e5\u56de\u843d\u81f3<\/span><span data-contrast=\"auto\">70<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-contrast=\"auto\">\/<\/span><span data-contrast=\"auto\">\u6876\u4ee5\u4e0b\u5c06\u663e\u8457\u7f13\u89e3\u538b\u529b\uff09\uff1b\uff08<\/span><span data-contrast=\"auto\">2<\/span><span data-contrast=\"auto\">\uff09\u7968\u4ef7\u80fd\u5426\u7ee7\u7eed\u8dd1\u8d62\u6210\u672c\u6da8\u5e45\uff1b\uff08<\/span><span data-contrast=\"auto\">3<\/span><span data-contrast=\"auto\">\uff09\u9ad8\u7aef\u53ca\u4f01\u4e1a\u5ba2\u6237\u652f\u51fa\u662f\u5426\u7ef4\u6301\u97e7\u6027\uff1b\uff08<\/span><span data-contrast=\"auto\">4<\/span><span data-contrast=\"auto\">\uff09\u975e\u71c3\u6cb9\u6210\u672c\u63a7\u5236\u6210\u6548\uff08\u5982\u52b3\u52a8\u529b\u3001\u673a\u573a\u8d39\u7528\uff09\uff1b\uff08<\/span><span data-contrast=\"auto\">5<\/span><span data-contrast=\"auto\">\uff09\u80fd\u5426\u52a0\u901f\u7f29\u5c0f\u4e0e\u7ade\u4e89\u5bf9\u624b\u7684\u76c8\u5229\u5dee\u8ddd\u3002\u5c3d\u7ba1\u8fd0\u8425\u8868\u73b0\u6539\u5584\uff0c\u4f46\u9ad8\u6760\u6746\u8d44\u4ea7\u8d1f\u503a\u8868\u3001\u71c3\u6cb9\u655e\u53e3\u5927\u53ca\u76c8\u5229\u6ce2\u52a8\u6027\u5f3a\uff0c\u4f7f<\/span><span data-contrast=\"auto\">AAL<\/span><span data-contrast=\"auto\">\u5728\u5f53\u524d\u5b8f\u89c2\u73af\u5883\u4e0b\u98ce\u9669\u504f\u9ad8\u3002\u9664\u975e\u6cb9\u4ef7\u663e\u8457\u56de\u843d\u6216\u884c\u4e1a\u534f\u540c\u63d0\u4ef7\uff0c\u5426\u5219\u76c8\u5229\u590d\u82cf\u96be\u8a00\u7a33\u56fa\u3002<\/span><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/span><\/b><b><span data-contrast=\"auto\">10<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u81f3<\/span><\/b><b><span data-contrast=\"auto\">15<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u3002\u8d1f\u9762\u524d\u666f<\/span><\/b><span data-contrast=\"auto\">\u3002<\/span>\u00a0<br \/><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><p><b><span data-contrast=\"auto\">Freeport-McMoRan Inc.\u00a0(FCX)<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"15\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Revenue:\u00a0<\/span><\/b><span data-contrast=\"auto\">$7.03B<\/span><span data-contrast=\"auto\">,\u00a0-7.3% YoY,\u00a0beat\u00a0estimates by $280M<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"16\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Non-GAAP\u00a0EPS<\/span><\/b><span data-contrast=\"auto\">:\u00a0<\/span><span data-contrast=\"auto\">$0.74,\u00a0beat\u00a0estimates by $0.12<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"17\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">FY26\u00a0Guidance:<\/span><\/b><span data-contrast=\"auto\">\u00a03Q26 copper-sales guidance was reduced to approximately 750M pounds from 830M pounds, with most of the shortfall expected to be recovered in 4Q26, when sales are projected at approximately 940M pounds. The Grasberg Block Cave ramp-up\u00a0remains\u00a0on schedule, targeting approximately 65% operating capacity by end-2026 and full operations by end-2027.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"18\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Dividends\/Share Buybacks:\u00a0<\/span><\/b><span data-contrast=\"auto\">Declared a quarterly dividend of $0.15 per share,\u00a0comprising\u00a0a $0.075 base dividend and $0.075 variable dividend, payable on August 3, 2026<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"19\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment:\u00a0<\/span><\/b><span data-contrast=\"auto\">This was a strong pricing-led quarter. Copper production declined 18.2% and gold production fell 39.4%, but a 41.5% increase in average copper prices more than offset weaker volumes and enabled a meaningful earnings beat. The result reinforces FCX\u2019s high operational leverage to structurally tight copper markets. The principal concern is near-term volume execution. The reduced 3Q copper-sales outlook and continuing Grasberg repairs create a heavier dependence on a strong 4Q recovery. The longer-term thesis\u00a0remains\u00a0supported by AI infrastructure, grid\u00a0investment\u00a0and constrained global mine supply, but near-term earnings\u00a0remain\u00a0sensitive to copper-price movements and the pace of Grasberg\u2019s restart. Shares declined approximately 2.3%\u00a0after results, broadly in line with the weaker market and lower copper prices. The key variables are Grasberg\u2019s ramp-up, 4Q volume recovery, the potential U.S. refined-copper tariff and copper-price sustainability above $6\/lb.\u00a0<\/span><b><span data-contrast=\"auto\">3Q26\u00a0recommended trading range: $55\u00a0to $75.\u00a0Positive\u00a0Outlook.<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">Freeport-McMoRan\u00a0Inc.\uff08FCX<\/span><\/b><b><span data-contrast=\"auto\">)<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"14\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">70.3<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u4e0b\u964d<\/span><span data-contrast=\"auto\">7.3%<\/span><span data-contrast=\"auto\">\uff0c\u4f46\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">2.8<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"15\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">0.74<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff0c\u663e\u8457\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">0.12<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"16\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6307\u5f15\u8c03\u6574\uff1a<\/span><\/b><span data-contrast=\"auto\">\u94dc\u9500\u91cf\u4e0b\u8c03\u81f3\u7ea6<\/span><span data-contrast=\"auto\">7.5<\/span><span data-contrast=\"auto\">\u4ebf\u78c5\uff08\u539f\u4e3a<\/span><span data-contrast=\"auto\">8.3<\/span><span data-contrast=\"auto\">\u4ebf\u78c5\uff09\uff0c\u9884\u8ba1\u5927\u90e8\u5206\u7f3a\u53e3\u5c06\u5728<\/span><span data-contrast=\"auto\">Q4<\/span><span data-contrast=\"auto\">\u5f25\u8865\uff08\u9500\u91cf\u9884\u8ba1\u8fbe<\/span><span data-contrast=\"auto\">9.4<\/span><span data-contrast=\"auto\">\u4ebf\u78c5\uff09\uff1b<\/span><span data-contrast=\"auto\">Grasberg<\/span><span data-contrast=\"auto\">\u5730\u4e0b\u77ff\u6269\u4ea7\u6309\u8ba1\u5212\u63a8\u8fdb\uff0c\u76ee\u6807<\/span><span data-contrast=\"auto\">2026<\/span><span data-contrast=\"auto\">\u5e74\u5e95\u8fbe<\/span><span data-contrast=\"auto\">65%<\/span><span data-contrast=\"auto\">\u4ea7\u80fd\uff0c<\/span><span data-contrast=\"auto\">2027<\/span><span data-contrast=\"auto\">\u5e74\u5e95\u5168\u9762\u6295\u4ea7<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"17\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u80a1\u606f\uff1a<\/span><\/b><span data-contrast=\"auto\">\u5ba3\u5e03\u5b63\u5ea6\u80a1\u606f\u6bcf\u80a1<\/span><span data-contrast=\"auto\">0.15<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff08\u542b<\/span><span data-contrast=\"auto\">0.075<\/span><span data-contrast=\"auto\">\u7f8e\u5143\u57fa\u7840\u80a1\u606f<\/span><span data-contrast=\"auto\">\u00a0+ 0.075<\/span><span data-contrast=\"auto\">\u7f8e\u5143\u53ef\u53d8\u80a1\u606f\uff09\uff0c<\/span><span data-contrast=\"auto\">2026<\/span><span data-contrast=\"auto\">\u5e74<\/span><span data-contrast=\"auto\">8<\/span><span data-contrast=\"auto\">\u6708<\/span><span data-contrast=\"auto\">3<\/span><span data-contrast=\"auto\">\u65e5\u652f\u4ed8<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"18\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u4e3a\u5178\u578b\u7684\u201c\u4ef7\u683c\u9a71\u52a8\u578b\u8d85\u9884\u671f\u201d\u3002\u5c3d\u7ba1\u94dc\u4ea7\u91cf\u540c\u6bd4\u4e0b\u6ed1<\/span><span data-contrast=\"auto\">18.2%<\/span><span data-contrast=\"auto\">\u3001\u9ec4\u91d1\u4ea7\u91cf\u4e0b\u964d<\/span><span data-contrast=\"auto\">39.4%<\/span><span data-contrast=\"auto\">\uff0c\u4f46\u5e73\u5747\u94dc\u4ef7\u540c\u6bd4\u5927\u6da8<\/span><span data-contrast=\"auto\">41.5%<\/span><span data-contrast=\"auto\">\uff0c\u5b8c\u5168\u62b5\u6d88\u4e86\u91cf\u7684\u635f\u5931\uff0c\u5e76\u63a8\u52a8\u76c8\u5229\u663e\u8457\u4f18\u4e8e\u9884\u671f\u3002\u8fd9\u518d\u6b21\u9a8c\u8bc1<\/span><span data-contrast=\"auto\">FCX<\/span><span data-contrast=\"auto\">\u5728\u7ed3\u6784\u6027\u7d27\u7f3a\u7684\u94dc\u5e02\u573a\u4e2d\u5177\u5907\u6781\u9ad8\u7684\u8fd0\u8425\u6760\u6746\u2014\u2014\u94dc\u4ef7\u6bcf\u4e0a\u6da8<\/span><span data-contrast=\"auto\">10%<\/span><span data-contrast=\"auto\">\uff0c\u5bf9\u5176\u5229\u6da6\u5f71\u54cd\u8fdc\u8d85\u540c\u4e1a\u3002\u7136\u800c\uff0c\u77ed\u671f\u6267\u884c\u98ce\u9669\u4e0a\u5347\uff1a<\/span><span data-contrast=\"auto\">Q3<\/span><span data-contrast=\"auto\">\u94dc\u9500\u91cf\u6307\u5f15\u4e0b\u8c03\uff0c\u4e3b\u56e0\u5370\u5c3c<\/span><span data-contrast=\"auto\">Grasberg<\/span><span data-contrast=\"auto\">\u77ff\u533a\u4ecd\u5728\u8fdb\u884c\u8bbe\u5907\u7ef4\u4fee\u4e0e\u7cfb\u7edf\u4f18\u5316\uff0c\u5bfc\u81f4\u4ea4\u4ed8\u8282\u594f\u5ef6\u8fdf\u3002\u516c\u53f8\u9ad8\u5ea6\u4f9d\u8d56<\/span><span data-contrast=\"auto\">Q4<\/span><span data-contrast=\"auto\">\u5f3a\u52bf\u53cd\u5f39\u4ee5\u5b9e\u73b0\u5168\u5e74\u76ee\u6807\uff0c\u82e5\u6062\u590d\u4e0d\u53ca\u9884\u671f\uff0c\u53ef\u80fd\u5f71\u54cd\u73b0\u91d1\u6d41\u4e0e\u5e02\u573a\u4fe1\u5fc3\u3002\u957f\u671f\u903b\u8f91\u4f9d\u7136\u575a\u5b9e\uff1a<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u6570\u636e\u4e2d\u5fc3\u3001\u7535\u7f51\u73b0\u4ee3\u5316\u3001\u80fd\u6e90\u8f6c\u578b\u6301\u7eed\u63a8\u5347\u94dc\u9700\u6c42\uff0c\u800c\u5168\u7403\u65b0\u77ff\u4f9b\u5e94\u53d7\u9650\uff0c\u652f\u6491\u94dc\u4ef7\u4e2d\u67a2\u4e0a\u79fb\u3002\u5f53\u524d\u94dc\u4ef7\u7ef4\u6301\u5728<\/span><span data-contrast=\"auto\">6<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-contrast=\"auto\">\/<\/span><span data-contrast=\"auto\">\u78c5\u4ee5\u4e0a\uff0c\u4e3a<\/span><span data-contrast=\"auto\">FCX<\/span><span data-contrast=\"auto\">\u63d0\u4f9b\u826f\u597d\u76c8\u5229\u73af\u5883\u3002\u4f46\u8fd1\u671f\u94dc\u4ef7\u6ce2\u52a8\u53ca\u5e02\u573a\u5bf9<\/span><span data-contrast=\"auto\">Grasberg<\/span><span data-contrast=\"auto\">\u8fdb\u5ea6\u7684\u62c5\u5fe7\uff0c\u5bfc\u81f4\u8d22\u62a5\u540e\u80a1\u4ef7\u5fae\u8dcc<\/span><span data-contrast=\"auto\">2.3%<\/span><span data-contrast=\"auto\">\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff08<\/span><span data-contrast=\"auto\">1\uff09Grasberg<\/span><span data-contrast=\"auto\">\u5730\u4e0b\u77ff\u4ea7\u80fd\u722c\u5761\u662f\u5426\u5982\u671f\u63a8\u8fdb\uff1b\uff08<\/span><span data-contrast=\"auto\">2\uff09Q4<\/span><span data-contrast=\"auto\">\u9500\u91cf\u80fd\u5426\u5f3a\u52b2\u53cd\u5f39\u81f3<\/span><span data-contrast=\"auto\">9.4<\/span><span data-contrast=\"auto\">\u4ebf\u78c5\uff1b\uff08<\/span><span data-contrast=\"auto\">3<\/span><span data-contrast=\"auto\">\uff09\u7f8e\u56fd\u62df\u8bae\u7684\u7cbe\u70bc\u94dc\u8fdb\u53e3\u5173\u7a0e\u662f\u5426\u843d\u5730\uff08\u6216\u63d0\u632f\u672c\u571f\u751f\u4ea7\u5546\u5b9a\u4ef7\u6743\uff09\uff1b\uff08<\/span><span data-contrast=\"auto\">4<\/span><span data-contrast=\"auto\">\uff09\u94dc\u4ef7\u80fd\u5426\u5728<\/span><span data-contrast=\"auto\">6<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-contrast=\"auto\">\/<\/span><span data-contrast=\"auto\">\u78c5\u4ee5\u4e0a\u4f01\u7a33\u3002\u5c3d\u7ba1\u77ed\u671f\u6ce2\u52a8\uff0c<\/span><span data-contrast=\"auto\">FCX<\/span><span data-contrast=\"auto\">\u4f5c\u4e3a\u5168\u7403\u4f4e\u6210\u672c\u94dc\u9f99\u5934\uff0c\u5728\u80fd\u6e90\u8f6c\u578b\u5927\u5468\u671f\u4e2d\u5360\u636e\u6218\u7565\u4f4d\u7f6e\u3002\u82e5<\/span><span data-contrast=\"auto\">Grasberg<\/span><span data-contrast=\"auto\">\u987a\u5229\u8fbe\u4ea7\uff0c<\/span><span data-contrast=\"auto\">2027<\/span><span data-contrast=\"auto\">\u5e74\u8d77\u5c06\u8fdb\u5165\u91cf\u4ef7\u9f50\u5347\u7684\u65b0\u9636\u6bb5\u3002<\/span><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/span><\/b><b><span data-contrast=\"auto\">55<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u81f3<\/span><\/b><b><span data-contrast=\"auto\">75<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f<\/span><\/b><span data-contrast=\"auto\">\u3002<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">STMicroelectronics N.V. (STM)<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"20\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Revenue:\u00a0<\/span><\/b><span data-contrast=\"auto\">$3.49B<\/span><span data-contrast=\"auto\">,\u00a0+26.0% YoY,\u00a0beat\u00a0estimates by $20M<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"21\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Non-GAAP\u00a0EPS<\/span><\/b><span data-contrast=\"auto\">:\u00a0<\/span><span data-contrast=\"auto\">$0.31, beat estimates by $0.04<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"22\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">3Q<\/span><\/b><b><span data-contrast=\"auto\">26 Guidance:\u00a0<\/span><\/b><span data-contrast=\"auto\">3Q26 revenue is guided to approximately $3.70B, +6.2% QoQ and +16.2% YoY, slightly below consensus of approximately $3.75B\u2013$3.79B. Gross-margin guidance is 37.0%.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"23\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Dividend\/Share Buybacks:\u00a0<\/span><\/b><span data-contrast=\"auto\">Shareholders approved an annual\u00a0dividend of $0.36\u00a0per share, distributed\u00a0through\u00a0four quarterly payments of $0.09. The existing 2024\u20132027 buyback programme authorises up to $1.1B, primarily for employee share plans and potential convertible-bond settlement.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"24\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment:\u00a0<\/span><\/b><span data-contrast=\"auto\">The headline quarter was stronger than expected, with revenue and adjusted EPS beats, improving bookings across end markets and distributor inventory moving below management\u2019s standard target. AI data centres and low-earth-orbit satellite communications are developing into material growth drivers, supporting the expected acceleration into 4Q26. However, the quality of the beat was insufficient against elevated expectations. Core EBITDA of $679M was below consensus of approximately $798M, while the 3Q revenue outlook modestly missed expectations. The automotive and industrial recovery also\u00a0remains\u00a0slower than investors had priced in, leaving earnings dependent on AI-related programmes and further margin normalisation. Shares fell 18.7%. The principal variables are automotive and industrial order recovery, execution of the above-$4B fourth-quarter revenue target, AI data-centre programme conversion and gross-margin expansion as unused-capacity charges decline.\u00a0<\/span><b><span data-contrast=\"auto\">3Q26 recommended trading range: $48\u00a0to $63.\u00a0Neutral\u00a0Outlook.<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">STMicroelectronics N.V.\uff08STM<\/span><\/b><b><span data-contrast=\"auto\">)<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"19\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">34.9<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f<\/span><span data-contrast=\"auto\">26.0%<\/span><span data-contrast=\"auto\">\uff0c\u5c0f\u5e45\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">2000<\/span><span data-contrast=\"auto\">\u4e07\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"20\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">0.31<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">0.04<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"21\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u8425\u6536\u7ea6<\/span><span data-contrast=\"auto\">37<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff08\u73af\u6bd4<\/span><span data-contrast=\"auto\">+6.2%<\/span><span data-contrast=\"auto\">\uff0c\u540c\u6bd4<\/span><span data-contrast=\"auto\">+16.2%<\/span><span data-contrast=\"auto\">\uff09\uff0c\u7565\u4f4e\u4e8e\u5e02\u573a\u5171\u8bc6\u7684<\/span><span data-contrast=\"auto\">37.5<\/span><span data-contrast=\"auto\">\u4ebf\u2013<\/span><span data-contrast=\"auto\">37.9<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff1b\u6bdb\u5229\u7387\u6307\u5f15\u4e3a<\/span><span data-contrast=\"auto\">37.0%<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"22\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u80a1\u606f\u4e0e\u56de\u8d2d\uff1a<\/span><\/b><span data-contrast=\"auto\">\u5e74\u5ea6\u80a1\u606f<\/span><span data-contrast=\"auto\">0.36<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-contrast=\"auto\">\/<\/span><span data-contrast=\"auto\">\u80a1\uff08\u5206\u56db\u5b63\u5ea6\u652f\u4ed8\uff0c\u6bcf\u5b63<\/span><span data-contrast=\"auto\">0.09<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff09\uff1b<\/span><span data-contrast=\"auto\">2024\u20132027<\/span><span data-contrast=\"auto\">\u5e74\u56de\u8d2d\u8ba1\u5212\u6388\u6743\u6700\u9ad8<\/span><span data-contrast=\"auto\">11<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u4e3b\u8981\u7528\u4e8e\u5458\u5de5\u6301\u80a1\u53ca\u53ef\u8f6c\u503a\u7ed3\u7b97<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"23\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u9876\u5c42\u6570\u636e\u8d85\u9884\u671f\uff0c\u9700\u6c42\u5448\u73b0\u56de\u6696\u8ff9\u8c61\u2014\u2014\u5404\u7ec8\u7aef\u5e02\u573a\u8ba2\u5355\u6539\u5584\uff0c\u6e20\u9053\u5e93\u5b58\u5df2\u964d\u81f3\u7ba1\u7406\u5c42\u76ee\u6807\u4ee5\u4e0b\uff0c\u663e\u793a\u4f9b\u5e94\u94fe\u53bb\u5e93\u5b58\u63a5\u8fd1\u5c3e\u58f0\u3002<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u6570\u636e\u4e2d\u5fc3\u4e0e\u4f4e\u8f68\u536b\u661f\u901a\u4fe1\uff08<\/span><span data-contrast=\"auto\">LEO<\/span><span data-contrast=\"auto\">\uff09\u6b63\u6210\u4e3a\u65b0\u589e\u957f\u5f15\u64ce\uff0c\u652f\u6491\u516c\u53f8\u5bf9<\/span><span data-contrast=\"auto\">Q4<\/span><span data-contrast=\"auto\">\u8425\u6536\u7a81\u7834<\/span><span data-contrast=\"auto\">40<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\u7684\u4e50\u89c2\u5c55\u671b\u3002\u7136\u800c\uff0c\u76c8\u5229\u8d28\u91cf\u672a\u8fbe\u5e02\u573a\u9ad8\u9884\u671f\uff1a\u6838\u5fc3<\/span><span data-contrast=\"auto\">EBITDA<\/span><span data-contrast=\"auto\">\u4e3a<\/span><span data-contrast=\"auto\">6.79<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u663e\u8457\u4f4e\u4e8e\u5171\u8bc6\u7684\u7ea6<\/span><span data-contrast=\"auto\">7.98<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff1b<\/span><span data-contrast=\"auto\">Q3<\/span><span data-contrast=\"auto\">\u8425\u6536\u6307\u5f15\u5c0f\u5e45\u4e0d\u53ca\u9884\u671f\uff0c\u53e0\u52a0\u6c7d\u8f66\u4e0e\u5de5\u4e1a\u9886\u57df\u590d\u82cf\u4ecd\u663e\u7f13\u6162\uff0c\u4ee4\u6295\u8d44\u8005\u5931\u671b\u3002\u5e02\u573a\u6b64\u524d\u5df2\u5c06<\/span><span data-contrast=\"auto\">STM<\/span><span data-contrast=\"auto\">\u5b9a\u4ef7\u4e3a\u201c\u5168\u9762\u590d\u82cf<\/span><span data-contrast=\"auto\">+AI<\/span><span data-contrast=\"auto\">\u53d7\u76ca\u201d\u53cc\u91cd\u903b\u8f91\uff0c\u4f46\u5b9e\u9645\u8868\u73b0\u66f4\u4f9d\u8d56<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u76f8\u5173\u9879\u76ee\uff0c\u4f20\u7edf\u4e3b\u529b\u677f\u5757\uff08\u6c7d\u8f66\u3001\u5de5\u4e1a\uff09\u5c1a\u672a\u660e\u663e\u53cd\u5f39\u3002\u8d22\u62a5\u540e\u80a1\u4ef7\u66b4\u8dcc<\/span><span data-contrast=\"auto\">18.7%<\/span><span data-contrast=\"auto\">\uff0c\u53cd\u6620\u9884\u671f\u5dee\u5e26\u6765\u7684\u5267\u70c8\u4fee\u6b63\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff08<\/span><span data-contrast=\"auto\">1<\/span><span data-contrast=\"auto\">\uff09\u6c7d\u8f66\u4e0e\u5de5\u4e1a\u5ba2\u6237\u9700\u6c42\u80fd\u5426\u5728<\/span><span data-contrast=\"auto\">Q3\u2013Q4<\/span><span data-contrast=\"auto\">\u5b9e\u8d28\u6027\u56de\u5347\uff1b\uff08<\/span><span data-contrast=\"auto\">2<\/span><span data-contrast=\"auto\">\uff09\u80fd\u5426\u5151\u73b0<\/span><span data-contrast=\"auto\">Q4<\/span><span data-contrast=\"auto\">\u8d85<\/span><span data-contrast=\"auto\">40<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\u7684\u8425\u6536\u76ee\u6807\uff1b\uff08<\/span><span data-contrast=\"auto\">3\uff09AI<\/span><span data-contrast=\"auto\">\u6570\u636e\u4e2d\u5fc3\u9879\u76ee\u4ece\u8bbe\u8ba1\u5bfc\u5165\u5230\u91cf\u4ea7\u7684\u8f6c\u5316\u6548\u7387\uff1b\uff08<\/span><span data-contrast=\"auto\">4<\/span><span data-contrast=\"auto\">\uff09\u4ea7\u80fd\u5229\u7528\u7387\u63d0\u5347\u662f\u5426\u63a8\u52a8\u6bdb\u5229\u7387\u6301\u7eed\u6269\u5f20\uff08\u5f53\u524d<\/span><span data-contrast=\"auto\">37%<\/span><span data-contrast=\"auto\">\u4ecd\u6709\u4e0a\u884c\u7a7a\u95f4\uff09\u3002<\/span><span data-contrast=\"auto\">STMicroelectronics<\/span><span data-contrast=\"auto\">\u6280\u672f\u5e03\u5c40\u5b8c\u6574\uff0c\u5728\u529f\u7387\u534a\u5bfc\u4f53\u3001<\/span><span data-contrast=\"auto\">MCU<\/span><span data-contrast=\"auto\">\u548c\u4f20\u611f\u5668\u9886\u57df\u5177\u5907\u957f\u671f\u7ade\u4e89\u529b\uff0c\u4e14<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u4e0e\u592a\u7a7a\u901a\u4fe1\u5e26\u6765\u65b0\u673a\u9047\u3002\u4f46\u77ed\u671f\u589e\u957f\u52a8\u80fd\u4ecd\u4e0d\u5747\u8861\uff0c\u4f30\u503c\u9700\u7b49\u5f85\u4f20\u7edf\u4e1a\u52a1\u786e\u8ba4\u62d0\u70b9\u3002<\/span><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/span><\/b><b><span data-contrast=\"auto\">48<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u81f3<\/span><\/b><b><span data-contrast=\"auto\">63<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/span><\/b><b><span data-contrast=\"auto\">\u3002<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">Blackstone\u00a0Inc. (BX)<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"25\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Revenue:\u00a0<\/span><\/b><span data-contrast=\"auto\">$5.04B<\/span><span data-contrast=\"auto\">,\u00a0+35.8% YoY, beat estimates by $1.69B<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"26\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Non-GAAP\u00a0EPS<\/span><\/b><span data-contrast=\"auto\">:\u00a0<\/span><span data-contrast=\"auto\">$1.52, beat estimates by $0.18<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"27\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">3Q26\u00a0Guidance:<\/span><\/b><span data-contrast=\"auto\">\u00a0No explicit guidance provided<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"28\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Dividends\/Share buybacks:\u00a0<\/span><\/b><span data-contrast=\"auto\">Declared a quarterly dividend of $1.29 per share, payable August 10, 2026, to shareholders of record on August 3<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"29\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment:\u00a0<\/span><\/b><span data-contrast=\"auto\">This was a strong quarter across both recurring and performance-linked earnings. Private-equity,\u00a0infrastructure\u00a0and real-estate appreciation\u00a0benefited\u00a0from Blackstone\u2019s extensive exposure to AI infrastructure, with nine of its ten largest appreciating investments linked to AI. Infrastructure funds generated gross appreciation of 7.2%, while\u00a0monetizations\u00a0included data-centre assets and Sabre Industries. The principal concern\u00a0remains\u00a0fundraising quality within private wealth and credit. Redemption pressure persists at certain retail credit vehicles, although withdrawal requests moderated and BREIT returned to positive net subscriptions. Earnings also\u00a0remain\u00a0partly dependent on supportive equity markets and the continued willingness of\u00a0hyperscalers\u00a0to fund AI infrastructure at elevated levels. Shares rose 1.4%\u00a0despite the broader market declining more than 1%,\u00a0indicating\u00a0a favourable reaction to the earnings beat. The key variables are realization activity, retail-fund flows, AI infrastructure valuations and base-fee growth.\u00a0<\/span><b><span data-contrast=\"auto\">3Q26\u00a0recommended trading range: $110\u00a0to $140.\u00a0Neutral\u00a0Outlook.<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">Blackstone\u00a0Inc.\uff08BX<\/span><\/b><b><span data-contrast=\"auto\">)<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"24\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">50.4<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f<\/span><span data-contrast=\"auto\">35.8%<\/span><span data-contrast=\"auto\">\uff0c\u5927\u5e45\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">16.9<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"25\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">1.52<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">0.18<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"26\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672a\u63d0\u4f9b\u660e\u786e\u6307\u5f15<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"27\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u80a1\u606f\uff1a<\/span><\/b><span data-contrast=\"auto\">\u5ba3\u5e03\u5b63\u5ea6\u80a1\u606f\u6bcf\u80a1<\/span><span data-contrast=\"auto\">1.29<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff0c\u5c06\u4e8e<\/span><span data-contrast=\"auto\">2026<\/span><span data-contrast=\"auto\">\u5e74<\/span><span data-contrast=\"auto\">8<\/span><span data-contrast=\"auto\">\u6708<\/span><span data-contrast=\"auto\">10<\/span><span data-contrast=\"auto\">\u65e5\u652f\u4ed8<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"28\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u8868\u73b0\u5f3a\u52b2\uff0c\u7ecf\u5e38\u6027\u6536\u5165\u4e0e\u4e1a\u7ee9\u63d0\u6210\u6536\u5165\u53cc\u53cc\u8d85\u9884\u671f\u3002\u516c\u53f8\u6df1\u5ea6\u53d7\u76ca\u4e8e<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u57fa\u7840\u8bbe\u65bd\u6295\u8d44\u70ed\u6f6e<\/span><span data-contrast=\"auto\">\u2014\u2014<\/span><span data-contrast=\"auto\">\u5176\u5341\u5927\u5347\u503c\u6700\u5feb\u7684\u8d44\u4ea7\u4e2d\uff0c\u6709\u4e5d\u9879\u4e0e<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u76f8\u5173\u3002\u57fa\u7840\u8bbe\u65bd\u57fa\u91d1\u5f55\u5f97<\/span><span data-contrast=\"auto\">7.2%<\/span><span data-contrast=\"auto\">\u7684\u5b63\u5ea6\u603b\u5347\u503c\uff0c\u9000\u51fa\u9879\u76ee\u5305\u62ec\u6570\u636e\u4e2d\u5fc3\u8d44\u4ea7\u53ca<\/span><span data-contrast=\"auto\">Sabre Industries<\/span><span data-contrast=\"auto\">\u7b49\uff0c\u663e\u793a\u5176\u5728\u9ad8\u589e\u957f\u9886\u57df\u7684\u5e03\u5c40\u6b63\u8fdb\u5165\u6536\u83b7\u671f\u3002\u6b64\u5916\uff0cBREIT<\/span><span data-contrast=\"auto\">\uff08Blackstone Real Estate Income Trust<\/span><span data-contrast=\"auto\">\uff09\u7f13\u89e3\u4e86\u6b64\u524d\u5e02\u573a\u5bf9\u96f6\u552e\u8d44\u91d1\u5916\u6d41\u7684\u62c5\u5fe7\u3002\u7136\u800c\uff0c\u90e8\u5206\u96f6\u552e\u4fe1\u8d37\u4ea7\u54c1\u4ecd\u9762\u4e34\u8d4e\u56de\u538b\u529b\uff0c\u52df\u8d44\u73af\u5883\u5c1a\u672a\u5168\u9762\u6062\u590d\uff0c\u5c24\u5176\u5728\u79c1\u4eba\u8d22\u5bcc\u6e20\u9053\uff0c\u4ecd\u662f\u6f5c\u5728\u98ce\u9669\u70b9\u3002\u76c8\u5229\u4ecd\u90e8\u5206\u4f9d\u8d56\u4e8e\u80a1\u5e02\u6574\u4f53\u8868\u73b0\u548c\u8d85\u5927\u89c4\u6a21\u5ba2\u6237\uff08hyperscalers\uff09\uff0c\u82e5<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u8d44\u672c\u5f00\u652f\u8282\u594f\u653e\u7f13\u6216\u8d44\u4ea7\u4f30\u503c\u56de\u8c03\uff0c\u53ef\u80fd\u5f71\u54cd\u672a\u6765\u4e1a\u7ee9\u5151\u73b0\u3002\u8d22\u62a5\u540e\u80a1\u4ef7\u9006\u52bf\u4e0a\u6da81.4%\uff08\u5f53\u65e5\u5927\u76d8\u4e0b\u8dcc\u8d85<\/span><span data-contrast=\"auto\">1%<\/span><span data-contrast=\"auto\">\uff09\uff0c\u53cd\u6620\u5e02\u573a\u5bf9<\/span><span data-contrast=\"auto\">Blackstone<\/span><span data-contrast=\"auto\">\u5728<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u65f6\u4ee3\u8d44\u4ea7\u914d\u7f6e\u80fd\u529b\u7684\u8ba4\u53ef\u3002\u4f46\u9274\u4e8e\u5176\u76c8\u5229\u6ce2\u52a8\u6027\u53ca\u5bf9\u5b8f\u89c2\u6d41\u52a8\u6027\u7684\u654f\u611f\u6027\uff0c\u4f30\u503c\u4e0a\u884c\u7a7a\u95f4\u53d7\u9650\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff09\u8d44\u4ea7\u9000\u51fa\u4e0e\u53d8\u73b0\u6d3b\u52a8\u8282\u594f\uff1b\uff08<\/span><span data-contrast=\"auto\">2<\/span><span data-contrast=\"auto\">\uff09\u96f6\u552e\u57fa\u91d1\uff08\u5c24\u5176\u662f<\/span><span data-contrast=\"auto\">BREIT<\/span><span data-contrast=\"auto\">\u548c\u4fe1\u8d37\u4ea7\u54c1\uff09\u7684\u8d44\u91d1\u6d41\u662f\u5426\u6301\u7eed\u6539\u5584\uff1b\uff08<\/span><span data-contrast=\"auto\">3\uff09AI<\/span><span data-contrast=\"auto\">\u76f8\u5173\u57fa\u7840\u8bbe\u65bd\u8d44\u4ea7\u7684\u4f30\u503c\u80fd\u5426\u7ef4\u6301\u9ad8\u4f4d\uff1b\uff08<\/span><span data-contrast=\"auto\">4<\/span><span data-contrast=\"auto\">\uff09\u57fa\u7840\u7ba1\u7406\u8d39\u6536\u5165\u80fd\u5426\u968f<\/span><span data-contrast=\"auto\">AUM<\/span><span data-contrast=\"auto\">\u6269\u5f20\u800c\u7a33\u6b65\u589e\u957f\u3002<\/span><span data-contrast=\"auto\">Blackstone<\/span><span data-contrast=\"auto\">\u4f5c\u4e3a\u5168\u7403\u53e6\u7c7b\u8d44\u4ea7\u7ba1\u7406\u9f99\u5934\uff0c\u5728<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u9a71\u52a8\u7684\u7ed3\u6784\u6027\u8d8b\u52bf\u4e2d\u5360\u636e\u6709\u5229\u4f4d\u7f6e\uff0c\u4f46\u77ed\u671f\u4ecd\u9700\u5e73\u8861\u52df\u8d44\u6311\u6218\u4e0e\u5e02\u573a\u6ce2\u52a8\u98ce\u9669\u3002<\/span><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/span><\/b><b><span data-contrast=\"auto\">110<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u81f3<\/span><\/b><b><span data-contrast=\"auto\">140<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/span><\/b><b><span data-contrast=\"auto\">\u3002<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">Lockheed Martin Corporation (LMT)<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"30\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Revenue:\u00a0<\/span><\/b><span data-contrast=\"auto\">$20.06B<\/span><span data-contrast=\"auto\">,\u00a0+10.5% YoY,\u00a0beat\u00a0estimates by $730M<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"31\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26 GAAP\u00a0EPS<\/span><\/b><span data-contrast=\"auto\">:\u00a0<\/span><span data-contrast=\"auto\">$7.94,\u00a0beat\u00a0estimates\u00a0by $0.74<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"32\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">FY26 Guidance:<\/span><\/b><span data-contrast=\"auto\">\u00a0Raised FY26 revenue guidance to $79.75B\u2013$81.75B from $77.5B\u2013$80.0B, EPS guidance to $29.95\u2013$30.65 from $29.35\u2013$30.25, and free-cash-flow guidance to $7.0B\u2013$7.2B from $6.5B\u2013$6.8B.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"33\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Dividends\/Share Buybacks:\u00a0<\/span><\/b><span data-contrast=\"auto\">Declared a quarterly dividend of $3.45 per share<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"34\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment:\u00a0<\/span><\/b><span data-contrast=\"auto\">This was a strong beat-and-raise quarter. Missiles and Fire Control revenue increased 19% to $4.10B, driven by PAC-3, THAAD and Precision Strike Missile production ramps. Aeronautics revenue rose 9%, supported by higher F-35 production, while quarterly free cash flow recovered to $2.92B. The principal positive is the improvement in revenue visibility. New orders reached approximately $65B and backlog increased to a record $230.4B, including a multiyear THAAD production contract. This supports sustained growth as the U.S. and allied governments replenish defence inventories and expand missile-production capacity. Shares rose approximately 10.4% following the results, the stock\u2019s strongest session in more than six years. The key variables are missile-production execution, supply-chain capacity, F-35 delivery\u00a0growth\u00a0and the risk of\u00a0additional\u00a0losses on fixed-price development programmes.\u00a0<\/span><b><span data-contrast=\"auto\">3Q26\u00a0recommended trading range: $510\u00a0to $650.\u00a0Positive\u00a0Outlook.<\/span><\/b><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">\u6d1b\u514b\u5e0c\u5fb7\u00b7\u9a6c\u4e01\u516c\u53f8\uff08LMT<\/span><\/b><b><span data-contrast=\"auto\">)<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"29\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">200.6<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f<\/span><span data-contrast=\"auto\">10.5%<\/span><span data-contrast=\"auto\">\uff0c\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">7.3<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"30\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">7.94<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff0c\u663e\u8457\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">0.74<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"31\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u5168\u5e74\u6307\u5f15\u5168\u9762\u4e0a\u8c03\uff1a<\/span><\/b><span data-contrast=\"auto\">\u8425\u6536\u6307\u5f15\u63d0\u5347\u81f3<\/span><span data-contrast=\"auto\">797.5<\/span><span data-contrast=\"auto\">\u4ebf\u2013<\/span><span data-contrast=\"auto\">817.5<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff08\u539f\u4e3a<\/span><span data-contrast=\"auto\">775<\/span><span data-contrast=\"auto\">\u4ebf\u2013<\/span><span data-contrast=\"auto\">800<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff09\uff1b<\/span><span data-contrast=\"auto\">EPS<\/span><span data-contrast=\"auto\">\u6307\u5f15\u4e0a\u8c03\u81f3<\/span><span data-contrast=\"auto\">29.95\u201330.65<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff08\u539f\u4e3a<\/span><span data-contrast=\"auto\">29.35\u201330.25<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff09\uff1b\u81ea\u7531\u73b0\u91d1\u6d41\u6307\u5f15\u4e0a\u8c03\u81f3<\/span><span data-contrast=\"auto\">70<\/span><span data-contrast=\"auto\">\u4ebf\u2013<\/span><span data-contrast=\"auto\">72<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff08\u539f\u4e3a<\/span><span data-contrast=\"auto\">65<\/span><span data-contrast=\"auto\">\u4ebf\u2013<\/span><span data-contrast=\"auto\">68<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff09<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"32\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u80a1\u606f\uff1a<\/span><\/b><span data-contrast=\"auto\">\u5ba3\u5e03\u5b63\u5ea6\u80a1\u606f\u6bcf\u80a1<\/span><span data-contrast=\"auto\">3.45<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"33\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u4e3a\u5178\u578b\u7684\u201c\u8d85\u9884\u671f<\/span><span data-contrast=\"auto\">+<\/span><span data-contrast=\"auto\">\u5168\u9762\u4e0a\u8c03\u6307\u5f15\u201d\u7ec4\u5408\uff0c\u5c55\u73b0\u5f3a\u52b2\u8fd0\u8425\u6267\u884c\u529b\u4e0e\u9ad8\u80fd\u89c1\u5ea6\u3002\u5bfc\u5f39\u4e0e\u706b\u63a7\u4e1a\u52a1\u6536\u5165\u5927\u589e<\/span><span data-contrast=\"auto\">19%<\/span><span data-contrast=\"auto\">\u81f3<\/span><span data-contrast=\"auto\">41<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u53d7\u76ca\u4e8e<\/span><span data-contrast=\"auto\">PAC-3\u3001THAAD<\/span><span data-contrast=\"auto\">\u53ca\u7cbe\u786e\u6253\u51fb\u5bfc\u5f39\uff08<\/span><span data-contrast=\"auto\">PrSM<\/span><span data-contrast=\"auto\">\uff09\u91cf\u4ea7\u52a0\u901f\uff1b\u822a\u7a7a\u4e1a\u52a1\u589e\u957f<\/span><span data-contrast=\"auto\">9%<\/span><span data-contrast=\"auto\">\uff0c\u4e3b\u8981\u7531<\/span><span data-contrast=\"auto\">F-35<\/span><span data-contrast=\"auto\">\u4ea7\u91cf\u63d0\u5347\u9a71\u52a8\uff1b\u5355\u5b63\u81ea\u7531\u73b0\u91d1\u6d41\u6062\u590d\u81f3<\/span><span data-contrast=\"auto\">29.2<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u663e\u793a\u73b0\u91d1\u8f6c\u5316\u80fd\u529b\u6539\u5584\u3002\u6700\u5927\u4eae\u70b9\u5728\u4e8e\u8ba2\u5355\u4e0e\u79ef\u538b\u8ba2\u5355\u521b\u7eaa\u5f55\uff1a\u65b0\u8ba2\u5355\u7ea6<\/span><span data-contrast=\"auto\">650<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u79ef\u538b\u8ba2\u5355\u98d9\u5347\u81f3<\/span><span data-contrast=\"auto\">2304<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\u5386\u53f2\u9ad8\u4f4d\uff0c\u5176\u4e2d\u5305\u62ec\u4e00\u9879\u591a\u5e74\u671f<\/span><span data-contrast=\"auto\">THAAD<\/span><span data-contrast=\"auto\">\u751f\u4ea7\u5408\u540c\uff0c\u4e3a\u672a\u6765\u591a\u5e74\u6536\u5165\u63d0\u4f9b\u575a\u5b9e\u4fdd\u969c\u3002\u8fd9\u53cd\u6620\u51fa\u7f8e\u56fd\u53ca\u5176\u76df\u53cb\u6b63\u7cfb\u7edf\u6027\u8865\u5145\u56fd\u9632\u5e93\u5b58\u3001\u6269\u5927\u5bfc\u5f39\u4ea7\u80fd\uff0c\u4ee5\u5e94\u5bf9\u5730\u7f18\u5b89\u5168\u6311\u6218\u3002\u8d22\u62a5\u540e\u80a1\u4ef7\u5927\u6da8<\/span><span data-contrast=\"auto\">10.4%<\/span><span data-contrast=\"auto\">\uff0c\u521b\u516d\u5e74\u591a\u6765\u6700\u5f3a\u5355\u65e5\u8868\u73b0\uff0c\u5e02\u573a\u9ad8\u5ea6\u8ba4\u53ef\u5176\u5728\u56fd\u9632\u5de5\u4e1a\u4e2d\u7684\u6838\u5fc3\u5730\u4f4d\u4e0e<\/span><span data-contrast=\"auto\">AI\/<\/span><span data-contrast=\"auto\">\u9ad8\u8d85\u97f3\u901f\u7b49\u4e0b\u4e00\u4ee3\u6280\u672f\u5e03\u5c40\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff08<\/span><span data-contrast=\"auto\">1<\/span><span data-contrast=\"auto\">\uff09\u5bfc\u5f39\u91cf\u4ea7\u6267\u884c\u6548\u7387\u4e0e\u4f9b\u5e94\u94fe\u4fdd\u969c\u80fd\u529b\uff1b\uff08<\/span><span data-contrast=\"auto\">2\uff09F-35<\/span><span data-contrast=\"auto\">\u4ea4\u4ed8\u91cf\u80fd\u5426\u6301\u7eed\u722c\u5761\uff1b\uff08<\/span><span data-contrast=\"auto\">3<\/span><span data-contrast=\"auto\">\uff09\u56fa\u5b9a\u4ef7\u683c\u7814\u53d1\u9879\u76ee\uff08\u5982\u65b0\u578b\u536b\u661f\u6216\u6b66\u5668\u7cfb\u7edf\uff09\uff1b\uff08<\/span><span data-contrast=\"auto\">4<\/span><span data-contrast=\"auto\">\uff09\u56fd\u9645\u519b\u552e\u5ba1\u6279\u4e0e\u5730\u7f18\u653f\u6cbb\u5bf9\u8ba2\u5355\u8282\u594f\u7684\u5f71\u54cd\u3002\u4f5c\u4e3a\u5168\u7403\u9876\u7ea7\u56fd\u9632\u627f\u5305\u5546\uff0c<\/span><span data-contrast=\"auto\">LMT<\/span><span data-contrast=\"auto\">\u5728\u5927\u56fd\u7ade\u4e89\u80cc\u666f\u4e0b\u5177\u5907\u957f\u671f\u7ed3\u6784\u6027\u4f18\u52bf\u3002\u5f53\u524d\u4f30\u503c\u867d\u5df2\u53cd\u6620\u4e50\u89c2\u9884\u671f\uff0c\u4f46\u9ad8\u786e\u5b9a\u6027\u7684<\/span><span data-contrast=\"auto\">\u00a0backlog\u00a0<\/span><span data-contrast=\"auto\">\u4e0e\u73b0\u91d1\u6d41\u652f\u6491\u4f7f\u5176\u5728\u6ce2\u52a8\u5e02\u573a\u4e2d\u5177\u9632\u5fa1\u6027\u4e0e\u6210\u957f\u6027\u517c\u5177\u7684\u7279\u8d28\u3002<\/span><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/span><\/b><b><span data-contrast=\"auto\">510<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u81f3<\/span><\/b><b><span data-contrast=\"auto\">650<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f<\/span><\/b><b><span data-contrast=\"auto\">\u3002<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">Intel Corp. (INTC)<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"35\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Revenue:\u00a0<\/span><\/b><span data-contrast=\"auto\">$16.1B<\/span><span data-contrast=\"auto\">,\u00a0+24.8% YoY, beat estimates by $1.65B<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"36\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Non-GAAP\u00a0EPS<\/span><\/b><span data-contrast=\"auto\">:\u00a0<\/span><span data-contrast=\"auto\">$0.42, beat estimates by $0.20<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"37\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">3Q26 Guidance:<\/span><\/b><span data-contrast=\"auto\">\u00a0Expect\u00a0revenue between $15.8B\u00a0and $16.8B, compared with analysts&#8217; average estimate of $15.1B. Adjusted profit is expected to be 38 cents per share, compared with analyst estimates of 27 cents.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"38\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment:\u00a0<\/span><\/b><span data-contrast=\"auto\">Intel delivered a significantly stronger-than-expected second quarter, with revenue rising 25% YoY to US$16.13bn, adjusted EPS of US$0.42 and adjusted gross margin of 41.8%, all ahead of consensus, driven by surging demand for data-centre CPUs used in agentic AI workloads and a stronger mix of higher-end client processors. Data Centre and AI revenue reached US$6.26bn, while foundry revenue rose to US$5.77bn as customer interest in Intel\u2019s\u00a0next-generation\u00a014A manufacturing process increased, including a reported design win with Tesla. Management guided for Q3 revenue of US$15.8bn\u201316.8bn and adjusted EPS of US$0.38, both above expectations, and raised 2026 capital expenditure plans to US$20bn to expand capacity amid long-term customer commitments. Looking ahead, Intel is positioned to benefit from sustained AI-related CPU demand, improving foundry traction and a potential return to manufacturing leadership through 14A, but the durability of the turnaround will depend on converting customer interest into profitable external foundry volume, improving manufacturing economics and executing its higher capital-spending programme without creating excess capacity or balance-sheet pressure.\u00a0<\/span><b><span data-contrast=\"auto\">3Q26 recommended trading range: $90 to $120.\u00a0Neutral\u00a0Outlook.<\/span><\/b><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">\u82f1\u7279\u5c14\uff08INTC<\/span><\/b><b><span data-contrast=\"auto\">)<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"34\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">161\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f24.8%\uff0c\u8d85\u51fa\u9884\u671f16.5\u4ebf\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"35\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\uff08<\/span><\/b><b><span data-contrast=\"auto\">Non-GAAP<\/span><\/b><b><span data-contrast=\"auto\">\uff09\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">0.42\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.20\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"36\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u9884\u8ba1\u8425\u6536\u5728158\u4ebf\u81f3168\u4ebf\u7f8e\u5143\u4e4b\u95f4\uff0c\u9ad8\u4e8e\u5206\u6790\u5e08151\u4ebf\u7f8e\u5143\u7684\u5e73\u5747\u9884\u671f\u3002\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca\u9884\u8ba1\u4e3a0.38\u7f8e\u5143\uff0c\u9ad8\u4e8e\u5206\u6790\u5e080.27\u7f8e\u5143\u7684\u9884\u671f\u3002<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"37\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u82f1\u7279\u5c14\u7b2c\u4e8c\u5b63\u5ea6\u7684\u4e1a\u7ee9\u8868\u73b0\u663e\u8457\u5f3a\u4e8e\u9884\u671f\uff0c\u5728\u667a\u80fd\u4f53AI\uff08agentic AI\uff09\u5de5\u4f5c\u8d1f\u8f7d\u5bf9\u6570\u636e\u4e2d\u5fc3CPU\u9700\u6c42\u6fc0\u589e\u4ee5\u53ca\u9ad8\u7aef\u5ba2\u6237\u7aef\u5904\u7406\u5668\u7ec4\u5408\u6539\u5584\u7684\u63a8\u52a8\u4e0b\uff0c\u8425\u6536\u540c\u6bd4\u589e\u957f25%\u81f3161.3\u4ebf\u7f8e\u5143\uff0c\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca\u4e3a0.42\u7f8e\u5143\uff0c\u8c03\u6574\u540e\u6bdb\u5229\u7387\u8fbe\u523041.8%\uff0c\u5747\u8d85\u51fa\u5e02\u573a\u5171\u8bc6\u3002\u6570\u636e\u4e2d\u5fc3\u548cAI\u8425\u6536\u8fbe\u523062.6\u4ebf\u7f8e\u5143\uff0c\u800c\u4ee3\u5de5\u8425\u6536\u589e\u957f\u81f357.7\u4ebf\u7f8e\u5143\uff0c\u56e0\u4e3a\u5ba2\u6237\u5bf9\u82f1\u7279\u5c14\u4e0b\u4e00\u4ee314A\u5236\u9020\u5de5\u827a\u7684\u5174\u8da3\u589e\u52a0\uff0c\u5176\u4e2d\u5305\u62ec\u636e\u62a5\u9053\u4e0e\u7279\u65af\u62c9\u8fbe\u6210\u7684\u8bbe\u8ba1\u8ba2\u5355\u3002\u7ba1\u7406\u5c42\u9884\u8ba1\u7b2c\u4e09\u5b63\u5ea6\u8425\u6536\u4e3a158\u4ebf\u81f3168\u4ebf\u7f8e\u5143\uff0c\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca\u4e3a0.38\u7f8e\u5143\uff0c\u5747\u9ad8\u4e8e\u9884\u671f\uff0c\u5e76\u5c062026\u5e74\u8d44\u672c\u652f\u51fa\u8ba1\u5212\u63d0\u9ad8\u81f3200\u4ebf\u7f8e\u5143\uff0c\u4ee5\u5728\u957f\u671f\u5ba2\u6237\u627f\u8bfa\u7684\u80cc\u666f\u4e0b\u6269\u5927\u4ea7\u80fd\u3002\u5c55\u671b\u672a\u6765\uff0c\u82f1\u7279\u5c14\u6709\u671b\u4ece\u6301\u7eed\u7684AI\u76f8\u5173CPU\u9700\u6c42\u3001\u4ee3\u5de5\u4e1a\u52a1\u5438\u5f15\u529b\u7684\u63d0\u5347\u4ee5\u53ca\u901a\u8fc714A\u5de5\u827a\u6f5c\u5728\u56de\u5f52\u5236\u9020\u9886\u5148\u5730\u4f4d\u4e2d\u53d7\u76ca\uff0c\u4f46\u8f6c\u578b\u7684\u6301\u4e45\u6027\u5c06\u53d6\u51b3\u4e8e\u80fd\u5426\u5c06\u5ba2\u6237\u5174\u8da3\u8f6c\u5316\u4e3a\u76c8\u5229\u7684\u5916\u90e8\u4ee3\u5de5\u4ea7\u80fd\u3001\u6539\u5584\u5236\u9020\u7ecf\u6d4e\u6548\u76ca\uff0c\u5e76\u5728\u4e0d\u9020\u6210\u4ea7\u80fd\u8fc7\u5269\u6216\u8d44\u4ea7\u8d1f\u503a\u8868\u538b\u529b\u7684\u60c5\u51b5\u4e0b\u6267\u884c\u5176\u66f4\u9ad8\u7684\u8d44\u672c\u652f\u51fa\u8ba1\u5212\u3002<\/span><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/span><\/b><b><span data-contrast=\"auto\">90<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u81f3<\/span><\/b><b><span data-contrast=\"auto\">120<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/span><\/b><b><span data-contrast=\"auto\">\u3002<\/span><\/b><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">Maxlinear\u00a0Inc. (MXL)<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"39\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Revenue:\u00a0<\/span><\/b><span data-contrast=\"auto\">$168.8M<\/span><span data-contrast=\"auto\">,\u00a0+55.1% YoY, beat estimates by $4.14M<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"40\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Non-GAAP\u00a0EPS<\/span><\/b><span data-contrast=\"auto\">:\u00a0<\/span><span data-contrast=\"auto\">$0.35, beat estimates by $0.02<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"41\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">3Q26 Guidance:<\/span><\/b><span data-contrast=\"auto\">\u00a0Expect\u00a0revenue of $210M\u00a0to $220M\u00a0and\u00a0non-GAAP gross margin of 58.5% to 61.5%.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"42\" data-aria-level=\"1\"><span data-contrast=\"auto\">FY26\u00a0Guidance:\u00a0Raised\u00a0its\u00a0optical data\u00a0center\u00a0revenue outlook to $210M\u00a0to $230M, more than $50M\u00a0above prior guidance,\u00a0entirely from Keystone, its 100-gigabit-per-lane PAM4 DSP and SerDes platform.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"43\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment:\u00a0<\/span><\/b><span data-contrast=\"auto\">MaxLinear\u00a0delivered a strong second quarter, with revenue rising 55% YoY to US$168.8mn and returning to GAAP profitability with EPS of US$0.02, driven by rapid growth in its infrastructure business, which increased 145% YoY to approximately US$85mn and became the company\u2019s largest revenue segment. Momentum was led by high-volume production of its Keystone optical connectivity platform for 400G and 800G data-centre deployments, alongside improving demand across broadband, connectivity and industrial markets. Management raised its 2026 optical data-centre revenue outlook to US$210mn-230mn and guided for Q3 revenue of US$210mn-220mn, with non-GAAP gross margin around 60% at the midpoint and stronger profitability as product mix shifts toward higher-margin infrastructure products. Looking ahead,\u00a0MaxLinear\u00a0is well positioned for a multiyear growth cycle as AI and cloud infrastructure spending drives demand for faster, lower-power optical and electrical interconnects, while upcoming products such as Rushmore, Washington, Annapurna and Panther provide additional growth layers from 2027 onward; however, execution on customer ramps, supply availability and the timing of\u00a0hyperscaler\u00a0deployments remain key near-term risks.\u00a0<\/span><b><span data-contrast=\"auto\">3Q26 recommended trading range: $70 to $100.\u00a0Neutral\u00a0Outlook.<\/span><\/b><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">\u8fc8\u51cc\u79d1\u6280\uff08MXL<\/span><\/b><b><span data-contrast=\"auto\">)<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"38\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">1.688\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f55.1%\uff0c\u8d85\u51fa\u9884\u671f414\u4e07\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"39\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\uff08<\/span><\/b><b><span data-contrast=\"auto\">Non-GAAP<\/span><\/b><b><span data-contrast=\"auto\">\uff09\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">0.35\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.02\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"40\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u9884\u8ba1\u8425\u6536\u57282.1\u4ebf\u81f32.2\u4ebf\u7f8e\u5143\u4e4b\u95f4\uff0c\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bdb\u5229\u7387\u572858.5%\u81f361.5%\u4e4b\u95f4\u3002<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"41\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u5c06\u5176\u5149\u5b66\u6570\u636e\u4e2d\u5fc3\u8425\u6536\u9884\u671f\u4e0a\u8c03\u81f32.1\u4ebf\u81f32.3\u4ebf\u7f8e\u5143\uff0c\u6bd4\u4e4b\u524d\u7684\u6307\u5f15\u9ad8\u51fa5000\u4e07\u7f8e\u5143\u4ee5\u4e0a\uff0c\u8fd9\u5b8c\u5168\u6765\u81ea\u5176Keystone\u5e73\u53f0\uff08100Gbps\/\u901a\u9053 PAM4\u00a0DSP\u548cSerDes\u5e73\u53f0\uff09\u3002<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"42\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u8fc8\u51cc\u79d1\u6280\u7b2c\u4e8c\u5b63\u5ea6\u4e1a\u7ee9\u8868\u73b0\u5f3a\u52b2\uff0c\u8425\u6536\u540c\u6bd4\u589e\u957f<\/span><span data-contrast=\"auto\">55%<\/span><span data-contrast=\"auto\">\u81f3<\/span><span data-contrast=\"auto\">1.688<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u5e76\u5b9e\u73b0\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\uff08<\/span><span data-contrast=\"auto\">GAAP<\/span><span data-contrast=\"auto\">\uff09\u76c8\u5229\uff0c\u6bcf\u80a1\u6536\u76ca\u4e3a<\/span><span data-contrast=\"auto\">0.02<\/span><span data-contrast=\"auto\">\u7f8e\u5143\u3002\u8fd9\u4e3b\u8981\u5f97\u76ca\u4e8e\u5176\u57fa\u7840\u8bbe\u65bd\u4e1a\u52a1\u7684\u5feb\u901f\u589e\u957f\uff0c\u8be5\u4e1a\u52a1\u6536\u5165\u540c\u6bd4\u589e\u957f<\/span><span data-contrast=\"auto\">145%<\/span><span data-contrast=\"auto\">\u81f3\u7ea6<\/span><span data-contrast=\"auto\">8500<\/span><span data-contrast=\"auto\">\u4e07\u7f8e\u5143\uff0c\u6210\u4e3a\u516c\u53f8\u6700\u5927\u7684\u8425\u6536\u677f\u5757\u3002\u589e\u957f\u52bf\u5934\u4e3b\u8981\u7531\u5176<\/span><span data-contrast=\"auto\">Keystone<\/span><span data-contrast=\"auto\">\u5149\u8fde\u63a5\u5e73\u53f0\u5728<\/span><span data-contrast=\"auto\">400G<\/span><span data-contrast=\"auto\">\u548c<\/span><span data-contrast=\"auto\">800G<\/span><span data-contrast=\"auto\">\u6570\u636e\u4e2d\u5fc3\u90e8\u7f72\u4e2d\u7684\u5927\u6279\u91cf\u751f\u4ea7\u63a8\u52a8\uff0c\u540c\u65f6\u5bbd\u5e26\u3001\u8fde\u63a5\u548c\u5de5\u4e1a\u5e02\u573a\u7684\u9700\u6c42\u4e5f\u5728\u6539\u5584\u3002\u7ba1\u7406\u5c42\u5c06<\/span><span data-contrast=\"auto\">2026<\/span><span data-contrast=\"auto\">\u5e74\u5149\u5b66\u6570\u636e\u4e2d\u5fc3\u8425\u6536\u9884\u671f\u4e0a\u8c03\u81f3<\/span><span data-contrast=\"auto\">2.1<\/span><span data-contrast=\"auto\">\u4ebf\u81f3<\/span><span data-contrast=\"auto\">2.3<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u5e76\u9884\u8ba1\u7b2c\u4e09\u5b63\u5ea6\u8425\u6536\u4e3a<\/span><span data-contrast=\"auto\">2.1<\/span><span data-contrast=\"auto\">\u4ebf\u81f3<\/span><span data-contrast=\"auto\">2.2<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u4e2d\u70b9\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bdb\u5229\u7387\u7ea6\u4e3a<\/span><span data-contrast=\"auto\">60%<\/span><span data-contrast=\"auto\">\uff0c\u968f\u7740\u4ea7\u54c1\u7ec4\u5408\u5411\u9ad8\u5229\u6da6\u7387\u7684\u57fa\u7840\u8bbe\u65bd\u4ea7\u54c1\u8f6c\u79fb\uff0c\u76c8\u5229\u80fd\u529b\u5c06\u8fdb\u4e00\u6b65\u589e\u5f3a\u3002\u5c55\u671b\u672a\u6765\uff0c\u968f\u7740<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u548c\u4e91\u57fa\u7840\u8bbe\u65bd\u652f\u51fa\u63a8\u52a8\u5bf9\u66f4\u5feb\u3001\u66f4\u4f4e\u529f\u8017\u7684\u5149\u5b66\u548c\u7535\u6c14\u4e92\u8fde\u7684\u9700\u6c42\uff0c\u8fc8\u51cc\u79d1\u6280\u6709\u671b\u8fce\u6765\u591a\u5e74\u7684\u589e\u957f\u5468\u671f\uff1b\u540c\u65f6\uff0c\u4ece<\/span><span data-contrast=\"auto\">2027<\/span><span data-contrast=\"auto\">\u5e74\u8d77\uff0c<\/span><span data-contrast=\"auto\">Rushmore\u3001Washington\u3001Annapurna<\/span><span data-contrast=\"auto\">\u548c<\/span><span data-contrast=\"auto\">Panther<\/span><span data-contrast=\"auto\">\u7b49\u5373\u5c06\u63a8\u51fa\u7684\u4ea7\u54c1\u5c06\u63d0\u4f9b\u989d\u5916\u7684\u589e\u957f\u52a8\u529b\u3002\u7136\u800c\uff0c\u5ba2\u6237\u4ea7\u80fd\u722c\u5761\u7684\u6267\u884c\u60c5\u51b5\u3001\u4f9b\u5e94\u53ef\u7528\u6027\u4ee5\u53ca\u8d85\u5927\u89c4\u6a21\u6570\u636e\u4e2d\u5fc3\u90e8\u7f72\u7684\u65f6\u673a\u4ecd\u662f\u8fd1\u671f\u7684\u5173\u952e\u98ce\u9669\u3002<\/span><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/span><\/b><b><span data-contrast=\"auto\">70<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u81f3<\/span><\/b><b><span data-contrast=\"auto\">100<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/span><\/b><b><span data-contrast=\"auto\">\u3002<\/span><\/b><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">Newmont Corporation. (NEM)<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"44\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Revenue:\u00a0<\/span><\/b><span data-contrast=\"auto\">$6.12B<\/span><span data-contrast=\"auto\">,\u00a0+15.0% YoY,\u00a0miss\u00a0estimates by $190M<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"45\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Non-GAAP\u00a0EPS<\/span><\/b><span data-contrast=\"auto\">:\u00a0<\/span><span data-contrast=\"auto\">$2.10, beat estimates by $0.12<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"46\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">FY26 Guidance:<\/span><\/b><span data-contrast=\"auto\">\u00a0Expect\u00a0attributable gold production of\u00a05,260koz,\u00a0gold by-product CAS\u00a0of $1,055\/oz and\u00a0gold by-product\u00a0AISC\u00a0of $1,680\/oz.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"47\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment:\u00a0<\/span><\/b><span data-contrast=\"auto\">Newmont reported a stronger-than-expected second quarter, with adjusted EPS of US$2.10 beating consensus estimates of US$1.99, as a 37% YoY increase in average gold prices more than offset lower production volumes. Average realized gold prices rose to US$4,414\/oz from US$3,320\/oz a year ago, while gold production declined to 1.29Moz from 1.48Moz due to planned mine sequencing at Ahafo South,\u00a0Pe\u00f1asquito\u00a0and Yanacocha, as well as seismic disruptions at Cadia. The company expects third-quarter production to remain broadly in line with Q2, with Cadia having returned to normal operations by mid-June. Management also continues to advance the Red Chris expansion following key regulatory approvals, while\u00a0maintaining\u00a0plans to invest US$1.4bn in development capital during 2026.\u00a0Newmont is well positioned to\u00a0benefit\u00a0from sustained strength in gold prices, supported by its high-quality global asset portfolio, normalization of production at Cadia and a pipeline of long-term growth projects, including Red Chris. While higher sustaining capital expenditure, energy costs and royalty expenses may pressure unit costs in the near term, the company\u00a0remains\u00a0focused on disciplined capital allocation and production stability, providing a solid foundation for cash flow generation should favourable gold market conditions persist.\u00a0<\/span><b><span data-contrast=\"auto\">3Q26 recommended trading range: $90 to $110.\u00a0Neutral\u00a0Outlook.<\/span><\/b><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">\u7ebd\u8499\u7279\u516c\u53f8\uff08NEM<\/span><\/b><b><span data-contrast=\"auto\">)<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"43\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">61.2<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f<\/span><span data-contrast=\"auto\">15.0%<\/span><span data-contrast=\"auto\">\uff0c\u4f4e\u4e8e\u9884\u671f<\/span><span data-contrast=\"auto\">1.9<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"44\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\uff08<\/span><\/b><b><span data-contrast=\"auto\">Non-GAAP<\/span><\/b><b><span data-contrast=\"auto\">\uff09\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">2.10<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">0.12<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"45\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u9884\u8ba1\u5f52\u5c5e\u9ec4\u91d1\u4ea7\u91cf\u4e3a<\/span><span data-contrast=\"auto\">526<\/span><span data-contrast=\"auto\">\u4e07\u76ce\u53f8\uff0c\u9ec4\u91d1\u526f\u4ea7\u54c1\u73b0\u91d1\u6210\u672c\uff08<\/span><span data-contrast=\"auto\">CAS<\/span><span data-contrast=\"auto\">\uff09\u4e3a<\/span><span data-contrast=\"auto\">1055<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-contrast=\"auto\">\/<\/span><span data-contrast=\"auto\">\u76ce\u53f8\uff0c\u9ec4\u91d1\u526f\u4ea7\u54c1\u5168\u7ef4\u6301\u6210\u672c\uff08<\/span><span data-contrast=\"auto\">AISC<\/span><span data-contrast=\"auto\">\uff09\u4e3a<\/span><span data-contrast=\"auto\">1680<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-contrast=\"auto\">\/<\/span><span data-contrast=\"auto\">\u76ce\u53f8\u3002<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"46\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u7ebd\u8499\u7279\u516c\u53f8\u7b2c\u4e8c\u5b63\u5ea6\u4e1a\u7ee9\u8868\u73b0\u5f3a\u4e8e\u9884\u671f\uff0c\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca\u4e3a<\/span><span data-contrast=\"auto\">2.10<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff0c\u8d85\u51fa<\/span><span data-contrast=\"auto\">1.99<\/span><span data-contrast=\"auto\">\u7f8e\u5143\u7684\u5e02\u573a\u5171\u8bc6\u9884\u671f\uff0c\u8fd9\u4e3b\u8981\u5f97\u76ca\u4e8e\u5e73\u5747\u91d1\u4ef7\u540c\u6bd4\u4e0a\u6da8<\/span><span data-contrast=\"auto\">37%<\/span><span data-contrast=\"auto\">\uff0c\u5b8c\u5168\u62b5\u6d88\u4e86\u4ea7\u91cf\u7684\u4e0b\u964d\u3002\u5e73\u5747\u5b9e\u9645\u91d1\u4ef7\u4ece\u53bb\u5e74\u7684<\/span><span data-contrast=\"auto\">3320<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-contrast=\"auto\">\/<\/span><span data-contrast=\"auto\">\u76ce\u53f8\u4e0a\u6da8\u81f3<\/span><span data-contrast=\"auto\">4414<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-contrast=\"auto\">\/<\/span><span data-contrast=\"auto\">\u76ce\u53f8\uff0c\u800c\u9ec4\u91d1\u4ea7\u91cf\u56e0<\/span><span data-contrast=\"auto\">Ahafo South\u3001Pe\u00f1asquito<\/span><span data-contrast=\"auto\">\u548c<\/span><span data-contrast=\"auto\">Yanacocha<\/span><span data-contrast=\"auto\">\u77ff\u533a\u7684\u8ba1\u5212\u5f00\u91c7\u987a\u5e8f\uff0c\u4ee5\u53ca<\/span><span data-contrast=\"auto\">Cadia<\/span><span data-contrast=\"auto\">\u77ff\u533a\u7684\u5730\u9707\u5e72\u6270\uff0c\u4ece<\/span><span data-contrast=\"auto\">148<\/span><span data-contrast=\"auto\">\u4e07\u76ce\u53f8\u4e0b\u964d\u81f3<\/span><span data-contrast=\"auto\">129<\/span><span data-contrast=\"auto\">\u4e07\u76ce\u53f8\u3002\u516c\u53f8\u9884\u8ba1\u7b2c\u4e09\u5b63\u5ea6\u4ea7\u91cf\u5c06\u4e0e\u7b2c\u4e8c\u5b63\u5ea6\u57fa\u672c\u6301\u5e73\uff0c<\/span><span data-contrast=\"auto\">Cadia<\/span><span data-contrast=\"auto\">\u77ff\u533a\u5df2\u4e8e<\/span><span data-contrast=\"auto\">6<\/span><span data-contrast=\"auto\">\u6708\u4e2d\u65ec\u6062\u590d\u6b63\u5e38\u8fd0\u8425\u3002\u7ba1\u7406\u5c42\u8fd8\u5728\u5173\u952e\u76d1\u7ba1\u6279\u51c6\u540e\u7ee7\u7eed\u63a8\u8fdb<\/span><span data-contrast=\"auto\">Red Chris<\/span><span data-contrast=\"auto\">\u77ff\u533a\u7684\u6269\u5efa\uff0c\u5e76\u8ba1\u5212\u5728<\/span><span data-contrast=\"auto\">2026<\/span><span data-contrast=\"auto\">\u5e74\u6295\u8d44<\/span><span data-contrast=\"auto\">14<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\u7684\u5f00\u53d1\u8d44\u672c\u3002\u7ebd\u8499\u7279\u516c\u53f8\u6709\u671b\u4ece\u91d1\u4ef7\u7684\u6301\u7eed\u5f3a\u52bf\u4e2d\u53d7\u76ca\uff0c\u8fd9\u5f97\u76ca\u4e8e\u5176\u9ad8\u8d28\u91cf\u7684\u5168\u7403\u8d44\u4ea7\u7ec4\u5408\u3001<\/span><span data-contrast=\"auto\">Cadia<\/span><span data-contrast=\"auto\">\u77ff\u533a\u751f\u4ea7\u7684\u6b63\u5e38\u5316\u4ee5\u53ca\u5305\u62ec<\/span><span data-contrast=\"auto\">Red Chris<\/span><span data-contrast=\"auto\">\u5728\u5185\u7684\u957f\u671f\u589e\u957f\u9879\u76ee\u50a8\u5907\u3002\u5c3d\u7ba1\u77ed\u671f\u5185\u8f83\u9ad8\u7684\u7ef4\u6301\u6027\u8d44\u672c\u652f\u51fa\u3001\u80fd\u6e90\u6210\u672c\u548c\u7279\u8bb8\u6743\u4f7f\u7528\u8d39\u53ef\u80fd\u4f1a\u5bf9\u5355\u4f4d\u6210\u672c\u9020\u6210\u538b\u529b\uff0c\u4f46\u516c\u53f8\u4ecd\u4e13\u6ce8\u4e8e\u4e25\u683c\u7684\u8d44\u672c\u914d\u7f6e\u548c\u751f\u4ea7\u7a33\u5b9a\u6027\uff0c\u5982\u679c\u91d1\u4ef7\u5e02\u573a\u6761\u4ef6\u4fdd\u6301\u6709\u5229\uff0c\u8fd9\u5c06\u4e3a\u73b0\u91d1\u6d41\u751f\u6210\u63d0\u4f9b\u575a\u5b9e\u7684\u57fa\u7840\u3002<\/span><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/span><\/b><b><span data-contrast=\"auto\">90<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u81f3<\/span><\/b><b><span data-contrast=\"auto\">110<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/span><\/b><b><span data-contrast=\"auto\">\u3002<\/span><\/b><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6ff17fbc e-con e-atomic-element e-flexbox-base e-6ff17fbc-c4ddb64 \" data-id=\"6ff17fbc\" data-element_type=\"e-flexbox\" data-e-type=\"e-flexbox\" data-interaction-id=\"6ff17fbc\" data-e-type=\"e-flexbox\" data-id=\"6ff17fbc\">\n    \t\t\t<p class=\"e-262c95ac-f5069e1 e-paragraph-base\" data-interaction-id=\"262c95ac\" data-e-type=\"widget\" data-id=\"262c95ac\"><a target=\"_self\" href=\"#top\" id=\"e-mq4jsug1-z6kdzol\">^ Back to Top<\/a><\/p>\n\t\t\n<\/div>\n\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>TECHNICAL ANALYSIS SINGAPORE \u00a0|\u00a0 HONG KONG \u00a0|\u00a0 UNITED STATES\u00a0\u00a0|\u00a0\u00a0EARNINGS Singapore KEP SP Keppel Ltd. Shares closed above the 5dEMA.\u00a0 Both RSI and MACD are constructive.\u00a0 Buy \u2013 Entry\u00a011.2, Target\u00a013.0, Stop\u00a010.3\u00a0 JCNC SP Jardine Cycle &amp; Carriage Limited. \u00a0Shares closed above the 5dEMA\u00a0with rising volume.\u00a0 RSI\u00a0is constructive\u00a0and MACD\u00a0is about to turn positive.\u00a0 Buy \u2013 Entry\u00a027.5, Target\u00a031.5, [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-92696","post","type-post","status-publish","format-standard","hentry","category-technical-analysis"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"TECHNICAL ANALYSIS Technical Analysis: 24 July 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore KEP SP Keppel Ltd. Shares closed above the 5dEMA. Both RSI and MACD are constructive. Buy \u2013 Entry 11.2, Target 13.0, Stop 10.3 JCNC SP Jardine Cycle &amp; Carriage Limited. Shares closed above the 5dEMA with rising volume. RSI is constructive and MACD is about to turn\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Enya Tan\"\/>\n\t<meta name=\"keywords\" content=\"technical analysis\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.kgieworld.sg\/research\/technical-analysis-24-july-2026\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"KGI Singapore Research \u2022 Singapore&#039;s leading broker offering Futures, FX, Equities and Wealth Management.\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Technical Analysis: 24 July 2026 \u2022 KGI Singapore Research\" \/>\n\t\t<meta property=\"og:description\" content=\"TECHNICAL ANALYSIS Technical Analysis: 24 July 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore KEP SP Keppel Ltd. Shares closed above the 5dEMA. Both RSI and MACD are constructive. Buy \u2013 Entry 11.2, Target 13.0, Stop 10.3 JCNC SP Jardine Cycle &amp; Carriage Limited. Shares closed above the 5dEMA with rising volume. RSI is constructive and MACD is about to turn\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.kgieworld.sg\/research\/technical-analysis-24-july-2026\/\" \/>\n\t\t<meta property=\"og:image\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<meta property=\"og:image:secure_url\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2026-07-24T00:00:20+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2026-07-24T03:20:52+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Technical Analysis: 24 July 2026 \u2022 KGI Singapore Research\" \/>\n\t\t<meta name=\"twitter:description\" content=\"TECHNICAL ANALYSIS Technical Analysis: 24 July 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore KEP SP Keppel Ltd. Shares closed above the 5dEMA. Both RSI and MACD are constructive. Buy \u2013 Entry 11.2, Target 13.0, Stop 10.3 JCNC SP Jardine Cycle &amp; Carriage Limited. Shares closed above the 5dEMA with rising volume. RSI is constructive and MACD is about to turn\" \/>\n\t\t<meta name=\"twitter:image\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BlogPosting\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-24-july-2026\\\/#blogposting\",\"name\":\"Technical Analysis: 24 July 2026 \\u2022 KGI Singapore Research\",\"headline\":\"Technical Analysis: 24 July 2026\",\"author\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/enya-tankgi-com\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/Screenshot-2026-07-22-at-10.23.02-PM.png?wsr\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-24-july-2026\\\/#articleImage\"},\"datePublished\":\"2026-07-24T08:00:20+08:00\",\"dateModified\":\"2026-07-24T11:20:52+08:00\",\"inLanguage\":\"en-US\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-24-july-2026\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-24-july-2026\\\/#webpage\"},\"articleSection\":\"Technical Analysis\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-24-july-2026\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/technical-analysis\\\/#listItem\",\"name\":\"Technical Analysis\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/technical-analysis\\\/#listItem\",\"position\":2,\"name\":\"Technical Analysis\",\"item\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/technical-analysis\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-24-july-2026\\\/#listItem\",\"name\":\"Technical Analysis: 24 July 2026\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-24-july-2026\\\/#listItem\",\"position\":3,\"name\":\"Technical Analysis: 24 July 2026\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/technical-analysis\\\/#listItem\",\"name\":\"Technical Analysis\"}}]},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\",\"name\":\"KGI Research Singapore\",\"description\":\"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/\",\"telephone\":\"+6562021188\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/cropped-Square-logo-PNG.png?wsr\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-24-july-2026\\\/#organizationLogo\",\"width\":512,\"height\":512},\"image\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-24-july-2026\\\/#organizationLogo\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/enya-tankgi-com\\\/#author\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/enya-tankgi-com\\\/\",\"name\":\"Enya Tan\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-24-july-2026\\\/#authorImage\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4f09a39c9a5aa4debb9941c1ec24d69ad141e38f63db32b2779cc8567ab1f843?s=96&d=mm&r=g\",\"width\":96,\"height\":96,\"caption\":\"Enya Tan\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-24-july-2026\\\/#webpage\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-24-july-2026\\\/\",\"name\":\"Technical Analysis: 24 July 2026 \\u2022 KGI Singapore Research\",\"description\":\"TECHNICAL ANALYSIS Technical Analysis: 24 July 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore KEP SP Keppel Ltd. Shares closed above the 5dEMA. Both RSI and MACD are constructive. Buy \\u2013 Entry 11.2, Target 13.0, Stop 10.3 JCNC SP Jardine Cycle & Carriage Limited. Shares closed above the 5dEMA with rising volume. RSI is constructive and MACD is about to turn\",\"inLanguage\":\"en-US\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-24-july-2026\\\/#breadcrumblist\"},\"author\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/enya-tankgi-com\\\/#author\"},\"creator\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/enya-tankgi-com\\\/#author\"},\"datePublished\":\"2026-07-24T08:00:20+08:00\",\"dateModified\":\"2026-07-24T11:20:52+08:00\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#website\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/\",\"name\":\"KGI Singapore Research\",\"description\":\"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.\",\"inLanguage\":\"en-US\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\"}}]}\n\t\t<\/script>\n\t\t<!-- All in One SEO -->\n\n","aioseo_head_json":{"title":"Technical Analysis: 24 July 2026 \u2022 KGI Singapore Research","description":"TECHNICAL ANALYSIS Technical Analysis: 24 July 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore KEP SP Keppel Ltd. Shares closed above the 5dEMA. Both RSI and MACD are constructive. Buy \u2013 Entry 11.2, Target 13.0, Stop 10.3 JCNC SP Jardine Cycle & Carriage Limited. Shares closed above the 5dEMA with rising volume. RSI is constructive and MACD is about to turn","canonical_url":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-24-july-2026\/","robots":"max-image-preview:large","keywords":"technical analysis","webmasterTools":{"miscellaneous":""},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BlogPosting","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-24-july-2026\/#blogposting","name":"Technical Analysis: 24 July 2026 \u2022 KGI Singapore Research","headline":"Technical Analysis: 24 July 2026","author":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/enya-tankgi-com\/#author"},"publisher":{"@id":"https:\/\/www.kgieworld.sg\/research\/#organization"},"image":{"@type":"ImageObject","url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-22-at-10.23.02-PM.png?wsr","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-24-july-2026\/#articleImage"},"datePublished":"2026-07-24T08:00:20+08:00","dateModified":"2026-07-24T11:20:52+08:00","inLanguage":"en-US","mainEntityOfPage":{"@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-24-july-2026\/#webpage"},"isPartOf":{"@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-24-july-2026\/#webpage"},"articleSection":"Technical Analysis"},{"@type":"BreadcrumbList","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-24-july-2026\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research#listItem","position":1,"name":"Home","item":"https:\/\/www.kgieworld.sg\/research","nextItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/technical-analysis\/#listItem","name":"Technical Analysis"}},{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/technical-analysis\/#listItem","position":2,"name":"Technical Analysis","item":"https:\/\/www.kgieworld.sg\/research\/category\/technical-analysis\/","nextItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-24-july-2026\/#listItem","name":"Technical Analysis: 24 July 2026"},"previousItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-24-july-2026\/#listItem","position":3,"name":"Technical Analysis: 24 July 2026","previousItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/technical-analysis\/#listItem","name":"Technical Analysis"}}]},{"@type":"Organization","@id":"https:\/\/www.kgieworld.sg\/research\/#organization","name":"KGI Research Singapore","description":"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","url":"https:\/\/www.kgieworld.sg\/research\/","telephone":"+6562021188","logo":{"@type":"ImageObject","url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2020\/11\/cropped-Square-logo-PNG.png?wsr","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-24-july-2026\/#organizationLogo","width":512,"height":512},"image":{"@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-24-july-2026\/#organizationLogo"}},{"@type":"Person","@id":"https:\/\/www.kgieworld.sg\/research\/author\/enya-tankgi-com\/#author","url":"https:\/\/www.kgieworld.sg\/research\/author\/enya-tankgi-com\/","name":"Enya Tan","image":{"@type":"ImageObject","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-24-july-2026\/#authorImage","url":"https:\/\/secure.gravatar.com\/avatar\/4f09a39c9a5aa4debb9941c1ec24d69ad141e38f63db32b2779cc8567ab1f843?s=96&d=mm&r=g","width":96,"height":96,"caption":"Enya Tan"}},{"@type":"WebPage","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-24-july-2026\/#webpage","url":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-24-july-2026\/","name":"Technical Analysis: 24 July 2026 \u2022 KGI Singapore Research","description":"TECHNICAL ANALYSIS Technical Analysis: 24 July 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore KEP SP Keppel Ltd. Shares closed above the 5dEMA. Both RSI and MACD are constructive. Buy \u2013 Entry 11.2, Target 13.0, Stop 10.3 JCNC SP Jardine Cycle & Carriage Limited. Shares closed above the 5dEMA with rising volume. RSI is constructive and MACD is about to turn","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/www.kgieworld.sg\/research\/#website"},"breadcrumb":{"@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-24-july-2026\/#breadcrumblist"},"author":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/enya-tankgi-com\/#author"},"creator":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/enya-tankgi-com\/#author"},"datePublished":"2026-07-24T08:00:20+08:00","dateModified":"2026-07-24T11:20:52+08:00"},{"@type":"WebSite","@id":"https:\/\/www.kgieworld.sg\/research\/#website","url":"https:\/\/www.kgieworld.sg\/research\/","name":"KGI Singapore Research","description":"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","inLanguage":"en-US","publisher":{"@id":"https:\/\/www.kgieworld.sg\/research\/#organization"}}]},"og:locale":"en_US","og:site_name":"KGI Singapore Research \u2022 Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","og:type":"article","og:title":"Technical Analysis: 24 July 2026 \u2022 KGI Singapore Research","og:description":"TECHNICAL ANALYSIS Technical Analysis: 24 July 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore KEP SP Keppel Ltd. Shares closed above the 5dEMA. Both RSI and MACD are constructive. Buy \u2013 Entry 11.2, Target 13.0, Stop 10.3 JCNC SP Jardine Cycle &amp; Carriage Limited. Shares closed above the 5dEMA with rising volume. RSI is constructive and MACD is about to turn","og:url":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-24-july-2026\/","og:image":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr","og:image:secure_url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr","article:published_time":"2026-07-24T00:00:20+00:00","article:modified_time":"2026-07-24T03:20:52+00:00","twitter:card":"summary","twitter:title":"Technical Analysis: 24 July 2026 \u2022 KGI Singapore Research","twitter:description":"TECHNICAL ANALYSIS Technical Analysis: 24 July 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore KEP SP Keppel Ltd. Shares closed above the 5dEMA. Both RSI and MACD are constructive. Buy \u2013 Entry 11.2, Target 13.0, Stop 10.3 JCNC SP Jardine Cycle &amp; Carriage Limited. Shares closed above the 5dEMA with rising volume. RSI is constructive and MACD is about to turn","twitter:image":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr"},"aioseo_meta_data":{"post_id":"92696","title":"#post_title #separator_sa #site_title","description":"#post_excerpt","keywords":null,"keyphrases":{"focus":{"keyphrase":"","score":0,"analysis":{"keyphraseInTitle":{"score":0,"maxScore":9,"error":1}}},"additional":[]},"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"BlogPosting","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","local_seo":null,"breadcrumb_settings":null,"limit_modified_date":false,"ai":{"faqs":[],"keyPoints":[],"schemas":[],"titles":[],"descriptions":[],"socialPosts":{"email":{"subject":"","preview":"","content":""},"linkedin":[],"twitter":[],"facebook":[],"instagram":[]}},"created":"2026-07-23 16:30:03","updated":"2026-07-24 00:24:24","seo_analyzer_scan_date":null},"_links":{"self":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/92696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/comments?post=92696"}],"version-history":[{"count":9,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/92696\/revisions"}],"predecessor-version":[{"id":92753,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/92696\/revisions\/92753"}],"wp:attachment":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media?parent=92696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/categories?post=92696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/tags?post=92696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}