$ARXS

Tesla (TSLA) rose 5% after Q3 deliveries exceeded expectations. Broadcom (AVGO) gained 3% on a $42B loan deal with Anthropic. Nike (NKE) fell 6% due to missed revenue and China sales decline. ON Semiconductor (ON) and Synaptics (SYNA) surged on a revised buyout offer. Other movers include Nexalin, Vylor, Seagate (STX), Western Digital (WDC), Allegro (ALG), Arxis (ARXS), and Onto Innovation (ONTO).

Analysts made several calls: Wells Fargo initiated Blackrock (BLK) as overweight, citing its industry leadership. KeyBanc upgraded Airbnb (ABNB) to overweight, highlighting growth and AI benefits. Morgan Stanley named Nvidia (NVDA) a top pick, praising its recent developments. RBC upgraded Arxis (ARXS) to outperform, noting M&A upside. Piper Sandler upgraded Alerus Financial (ALRS) to overweight, expecting EPS upside.

Analysts updated ratings and price targets for several companies. Abbott Labs (ABT) was upgraded to buy with a $127 target. Airbnb (ABNB) was upgraded to overweight with a $191 target. HPE (HPE) was upgraded to outperform with a raised target to $75. Northrop Grumman (NOC) was downgraded to sector perform with a reduced target to $525. Other companies received mixed recommendations and target adjustments.

RBC Capital upgraded Arxis Inc. (NASDAQ:ARXS) to Outperform, raising its price target to $60.00. The firm cited strong M&A activity and pricing strength in aerospace and defense markets. Arxis reported 25% revenue growth to $501 million in Q2 2026, with adjusted EBITDA up 38% to $211 million. The company raised its full-year outlook, reflecting broad-based demand and strategic acquisitions.

Arxis, Inc. (ARXS) completed the acquisition of Omnetics Connector Corporation for approximately $770 million, issuing 13.35 million Class A shares. The deal is part of Arxis's roll-up strategy, with Omnetics joining its Electronic Components segment. The company's Q2 revenue grew 25% to $500.7 million, with adjusted EBITDA up 38% to $211.5 million. The acquisition's valuation is based on estimated fiscal-2027 adjusted EBITDA, raising questions about its disciplined underwriting.

Arxis, Inc. (NASDAQ: ARXS) said it completed its acquisition of Omnetics Connector Corporation. The deal was based on an agreed enterprise value of about $770 million, with customary closing adjustments. Arxis issued 13,351,964 shares at closing to Omnetics shareholders, about 3.1% of total common stock, subject to lockups. The combined purchase price multiple with a prior MagCanica deal is about 12x FY27 estimated adjusted EBITDA.

Arxis, Inc. (ARXS) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Arxis Completes the Acquisition of Omnetics Connector Corporation BLOOMFIELD, Conn., August 18, 2026 — Arxis, Inc. (NASDAQ: ARXS) (the “Company” or “Arxis”), a publicly-traded industrial compounder formed in partnership with Arcline Investment Management (“Arcline”), today announ

Q: Can you provide financials for the Omnetics and Mechanica acquisitions? How did the partnership with Arcline help you win the competitive process for Omnetics? A: (Kevin Parhamas, President and CEO) We are not giving specific numbers, but across the three deals (Blue Line, Mechanica, and Omnetics), they represent small, medium, and large acquisitions. We do not discriminate by size.

Arxis, Inc. (ARXS) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Arxis Reports Second Quarter 2026 Results; Raises Full-Year 2026 Guidance BLOOMFIELD, Conn., July 29, 2026 – Arxis, Inc. (NASDAQ: ARXS) (the “Company” or “Arxis”), a leading designer and manufacturer of proprietary, mission-critical electronic and mechanical engineer