Energy Recovery (NasdaqGS:ERII) Q4 2025 Earnings call February 25, 2026 05:00 PM ET Company ParticipantsDavid Moon - President and CEOJoshua Ballard - CFOLarry Solow - Managing DirectorNone - Company RepresentativeConference Call ParticipantsJeffrey Campbell - Senior AnalystSandhya Iyer - Research AnalystOperatorGood day, ladies and gentlemen, and welcome to Energy Recovery's fourth quarter and full year 2025 earnings call. During today's call, Energy Recovery may make projections and other forward-looking ...

Financial Data and Key Metrics Changes - Total revenue reached $68 billion, up 73% year-over-year, marking a record growth from the previous quarter [5][6] - Data center revenue for Q4 was $62 billion, increasing 75% year-over-year and 22% sequentially [8][19] - Full-year data center revenue totaled $194 billion, up 68% year-over-year [6] - Free cash flow for Q4 was $35 billion, with a total of $97 billion for fiscal year 2026 [19][20] - GAAP gross margin was 75%, with non-GAAP gross margin at 75.2%, reflecting an increase due to the ramp of Blackwell [18][19] Business Line Data and Key Metrics Changes - Data center business scaled nearly 13x since the emergence of ChatGPT in fiscal 2023 [6] - Networking revenue reached $11 billion, up more than 3.5x year-over-year, driven by strong demand for NVLink and Spectrum-X Ethernet [9][10] - Gaming revenue was $3.7 billion, up 47% year-over-year, supported by strong Blackwell demand [15] - Professional visualization revenue crossed $1 billion for the first time, totaling $1.3 billion, up 159% year-over-year [16] - Automotive revenue was $604 million, up 6% year-over-year, driven by demand for self-driving solutions [16] Market Data and Key Metrics Changes - Sovereign AI business more than tripled year-over-year, exceeding $30 billion, with significant contributions from Canada, France, the Netherlands, Singapore, and the UK [12] - Analyst expectations for 2026 CapEx across the top 5 cloud providers are up nearly $120 billion, approaching $700 billion [11] - The transition from classical machine learning to generative AI is driving significant capital spending from hyperscalers [10] Company Strategy and Development Direction - The company aims to deliver generational leaps in performance per watt and performance per dollar to sustain gross margins [60][61] - Focus on expanding partnerships with leading AI model makers and enhancing the ecosystem built on CUDA [33][24] - Introduction of the Rubin platform, which includes six new chips, is expected to enhance performance and reduce costs [14][15] - The company is committed to investing in technology and ecosystem development to drive long-term growth [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of cloud customers' cash flow, linking compute demand to revenue generation [29][30] - The company anticipates sequential revenue growth throughout calendar 2026, with strong demand for data center products [7][21] - Supply constraints are expected to impact gaming revenue in the near term, but improvements may lead to year-over-year growth later [50] Other Important Information - The company has secured inventory and capacity to meet future demand, reflecting longer demand visibility [19] - The introduction of stock-based compensation in non-GAAP results is aimed at attracting and retaining talent [20] Q&A Session Summary Question: Concerns about cloud customers' CapEx growth - Management is confident in cloud customers' cash flow growth due to the demand for compute in AI, linking compute directly to revenue generation [29][30] Question: Role of strategic investments in ecosystem growth - Management emphasized the importance of the ecosystem and investments in expanding NVIDIA's position across various AI applications [32][33] Question: Networking revenue growth and future expectations - Management noted the significant growth in networking revenue and the expectation for continued expansion driven by AI infrastructure [37][39] Question: Future roadmap for customized silicon - Management discussed the architectural decisions behind their CPUs and the focus on high data processing capabilities for AI workloads [76][78] Question: Deployment of capital and share repurchase strategy - Management highlighted the careful consideration of capital return while continuing to support ecosystem development and strategic investments [82]

TKO Group (NYSE:TKO) Q4 2025 Earnings call February 25, 2026 05:00 PM ET Company ParticipantsAndrew Schleimer - CFOAriel Emanuel - Executive Chair and CEOMark Shapiro - President and COONick Khan - President of WWE and Board MemberSeth Zaslow - Head of Investor RelationsConference Call ParticipantsBenjamin Swinburne - AnalystBrandon Ross - AnalystDavid Karnovsky - AnalystPeter L. Supino - AnalystRyan Gravett - AnalystStephen N. Laszczyk - AnalystOperatorGood afternoon. Thank you for attending the TKO Fourth ...

OraSure Technologies (NasdaqGS:OSUR) Q4 2025 Earnings call February 25, 2026 05:00 PM ET Company ParticipantsAndrew Cooper - DirectorCarrie Eglinton Manner - President and CEOJason Plagman - VP of Investor RelationsKenneth McGrath - CFOConference Call ParticipantsMatt Etoch - AnalystNone - AnalystOperatorToday, thank you for standing by. Welcome to the OraSure Technologies 2025 fourth quarter earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation ...

ZipRecruiter (NYSE:ZIP) Q4 2025 Earnings call February 25, 2026 05:00 PM ET Company ParticipantsDavid Travers - PresidentEmilio Sartori - Head of Investor RelationsEric Sheridan - Managing DirectorIan Siegel - Co-founder and CEOKishan Patel - Senior Equity Research AssociateTim Yarbrough - CFOConference Call ParticipantsKunal Madhukar - Senior AnalystRalph Schackart - Equity Research AnalystTrevor Young - Senior Equity Research AnalystOperatorThank you for standing by. My name is Jordan, and I'll be your co ...

Energy Recovery (NasdaqGS:ERII) Q4 2025 Earnings call February 25, 2026 05:00 PM ET Company ParticipantsDavid Moon - President and CEOJoshua Ballard - CFOLarry Solow - Managing DirectorNone - Company RepresentativeConference Call ParticipantsJeffrey Campbell - Senior AnalystSandhya Iyer - Research AnalystOperatorGood day, ladies and gentlemen, and welcome to Energy Recovery's Q4 and full year 2025 earnings call. During today's call, Energy Recovery may make projections and other forward-looking statements u ...

Chime Financial (NasdaqGS:CHYM) Q4 2025 Earnings call February 25, 2026 05:00 PM ET Company ParticipantsChris Britt - Co-Founder and CEODavid Pearce - VP of Investor Relations and Capital MarketsMark Troughton - PresidentMatt Newcomb - CFOSanjay Sakhrani - Managing DirectorWill Nance - VP of Equity ResearchConference Call ParticipantsAdam Frisch - Senior Managing Director and Fundamental Research AnalystAndrew Jeffrey - Research AnalystDarrin Peller - Managing Director and Senior Equity AnalystJames Faucett ...

Zoom (NasdaqGS:ZM) Q4 2026 Earnings call February 25, 2026 05:00 PM ET Company ParticipantsAlex Zukin - Managing Director of Software Equity ResearchCatharine Trebnick - Managing DirectorCharles Eveslage - Head of Investor RelationsEric Yuan - Founder and CEOJackson Ader - Managing DirectorMichelle Chang - CFOSamad Samana - Managing DirectorSeth Gilbert - Director of Software Equity ResearchTom Blakey - Managing DirectorConference Call ParticipantsAllan Verkhovski - Director and Software Equity Research Ana ...

The Trade Desk (NasdaqGM:TTD) Q4 2025 Earnings call February 25, 2026 05:00 PM ET Company ParticipantsAlec Brondolo - Director Equity ResearchChris Toth - VP of Investor RelationsJason Helfstein - Managing Director - Head of Internet ResearchJeff Green - CEO, Co-Founder, and Board ChairmanMatthew Swanson - Director Equity ResearchTahnil Davis - Interim CFO and Chief Accounting OfficeYoussef Squali - Managing Director and Head of Internet and Digital Media Research GroupNone - Company RepresentativeConferenc ...

BJ's Restaurants (NasdaqGS:BJRI) Q4 2025 Earnings call February 25, 2026 05:00 PM ET Company ParticipantsLyle Tick - President and CEORana Schirmer - Director of SEC ReportingSharon Zackfia - Head of Consumer Equity ResearchTodd Wilson - CFOConference Call ParticipantsAllison Armstrong - Equity Research AnalystBrian Bittner - Managing Director and Senior Equity AnalystJeffrey Bernstein - Equity Research AnalystJon Tower - Equity Research AnalystTodd Brooks - Managing Director and Senior AnalystOperatorGood ...