Ridgetech Inc. (RDGT): Financial results for FY2026

Ridgetech, Inc. (Nasdaq: RDGT) reported fiscal year 2026 results for the year ended March 31, 2026. Revenue rose 10.2% to $132.16 million, driven by a full year of Allright’s online platform after its Feb. 28, 2025 acquisition. Gross profit increased 23.8% to $4.75 million, but net loss was $1.25 million versus net income $10.20 million a year earlier.

Lululemon (LULU) reported a 4% decline in Q2 revenue, driven by an 8% drop in Americas sales. International revenue rose 4%, but same-store sales fell 3%. The stock has fallen 55% year-to-date, with mixed retail investor sentiment on Stocktwits.

Applied Digital Corp (APLD) reported Q1 2027 revenue growth of 322% but a net loss of $221M. The company has $6.4B in debt and high stock-based compensation expenses. CEO Wes Cummins highlighted strong demand, premium pricing for leases, and expansion plans in Finland and North Dakota. The company is also focusing on mitigating supply chain constraints and adapting to changing customer workloads.

Samsung Electronics (005930) fell 1.5% to ₩264,500 after reporting a Q3 2026 operating profit of 107.4 trillion won, slightly below analyst expectations. The drop coincided with semiconductor ETF rebalancing and options expiry. Foreign and institutional investors sold shares, outweighing retail buying interest. The broader KOSPI index also declined nearly 2%.

Levi Strauss (LEVI) reported Q3 net income of $168.6M ($0.43 EPS), down from $218.1M ($0.55 EPS) last year. Adjusted earnings were $188.9M ($0.48 EPS). Revenue rose 4.3% to $1.609B. Full-year EPS guidance is $1.54-$1.56, adjusted for foreign exchange.

Asian stocks fell Thursday due to rising oil prices and U.S. Treasury yields. Samsung Electronics (005930) shares dropped over 1% despite forecasting a record quarterly profit of 107.4 trillion won, missing Bloomberg estimates. Global markets reacted to elevated yields and geopolitical risks, with major Asian indices declining.