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UPDATE

Company-specific news for Wed 4/8 (AMC) - APLD, STZ

Apr 08, 2026 · 04:30 PM ET

MARKETS

Market data not provided in this earnings-focused update.

RATES & FED

No rate or Fed commentary included in this earnings briefing.

MARKET OUTLOOK

No market outlook provided in this company-specific earnings update.

GEOPOLITICAL

No geopolitical developments reported.

COMPANY NEWS

APLD delivered a blowout Q3 with revenue surging 139% to $126.6 million (versus Street expectations of $76.5 million) and EBITDA hitting $44.1 million against estimates of $20.7 million. Management struck an exceptionally bullish tone on AI data center demand, noting hyperscaler capex estimates have jumped from $400 billion to nearly $700 billion in just three months. The euphoria was tempered by brutal free cash flow of negative $720 million (far worse than the Street's negative $120 million estimate) as property and equipment purchases hit $775 million despite $55 million in operating cash flow.

STZ posted solid Q4 results with EPS of $1.90 beating the Street's $1.73 estimate, driven by revenue upside to $1.92 billion versus $1.87 billion expected (strength across both Beer and particularly Wines & Spirits segments). Margins held up better than feared across divisions. However, fiscal 2027 guidance disappointed with EPS midpoint of $11.55 well below Street expectations of $12.44, as management cited persistent headwinds and "limited near-term visibility" despite Q4 momentum.

MACRO & FED DATES

No upcoming economic data provided.

EARNINGS THIS WEEK

No additional earnings schedule provided.

EARNINGS NEXT 2 WEEKS

No forward earnings calendar included.

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