Twin Disc: Fiscal Q4 Earnings Snapshot

Twin Disc (TWIN) reported record Q4 revenue of $114.4M, up 18.3% YoY, with net income at $9.4M. Defense and oil/gas sectors drove growth, but gross margin fell to 26.3% from 32.3% YoY due to product mix and tariffs. The company plans expansions in Finland and Texas to address margin pressures. Shares trade at a forward P/E of 7.48.

Twin Disc reported Q4 2026 revenue growth of 18%, driven by defense and land-based transmission demand. Gross margins fell 600 bps due to product mix and tariffs. The company plans $20M+ in 2027 capex for expansion, targeting $500M revenue by 2030. Defense backlog grew 53%, and oil/gas revenue hit a 2024 high. Management raised the dividend 25% to $0.05/share.

TWIN DISC INC (TWIN) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Twin Disc Announces Full Year and Fourth Quarter 2026 Results MILWAUKEE, Wis., August 20, 2026 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ: TWIN) today reported results for the fourth quarter and full fiscal year ended June 30, 2026. Fiscal Full Year 2026 Highlights

Interactive Brokers (IBKR) reported $182.4B in uninvested client cash, up 27% YoY, earning interest until invested. Anthropic's potential $2T IPO could impact cash levels, but SpaceX's IPO didn't drain IBKR's reserves. IBKR's Q2 net interest income rose 23% to $1.06B, half of total revenues. Client accounts and trading activity grew, mitigating cash outflows. IBKR stock is near $92, trading at 29x next year's earnings.

Oracle (ORCL) reported strong Q4 earnings with 21% revenue growth and raised its profit forecast. Morgan Stanley increased its price target to $210, citing improved GPUaaS margins. However, the company faces cash flow pressure due to high capital expenditures for AI infrastructure, with free cash flow at negative $23.7 billion. Hedge funds remain invested, with Fisher Asset Management increasing its stake.

Broadcom (AVGO) raised its AI chip revenue forecast to $115B for FY2027, up from $100B, and expects $230B in FY2028. This reflects Big Tech's demand for custom chips and networking components, reducing reliance on Nvidia (NVDA). KeyBanc reiterated an Overweight rating and $575 price target for AVGO. AVGO's Q3 revenue rose 86% YoY to $29.6B, but Q4 guidance was slightly below expectations. Hedge funds hold positions in both AVGO and NVDA, with Fisher Asset Management among the top holders.