Latest Expansion News

Texas Pacific Land delivered its strongest quarter on record, with US$273.4 million in revenue, US$167.4 million in GAAP net income and US$170.3 million in free cash flow. The Permian Basin landowner is also pushing deeper into water infrastructure, data centres and power generation, though those newer ambitions remain largely unquantified.

Fair Isaac posted a strong fourth quarter, with revenue rising 27% to US$657 million and non-GAAP diluted EPS reaching US$11.10. But the company declined to provide fiscal 2027 guidance as it shifts mortgage customers to bespoke pricing amid continued housing-market pressure.

Freeport-McMoRan has approved a US$4.5 billion expansion of its Bagdad mine in Arizona, targeting more than double the operation’s mining and milling rates. Initial production is targeted for mid-2030, with the project expected to lift copper and molybdenum output while lowering long-term unit costs.

Motorola Solutions raised its full-year 2026 revenue, non-GAAP earnings and cash flow outlook after sales rose 12% and backlog reached a record US$16.6 billion. The stronger operating result came alongside lower GAAP earnings, softer cash flow and fresh acquisition debt.

AppLovin delivered a sharp acceleration in third-quarter 2026 revenue and profit while expanding its share repurchase authorisation to US$3.6 billion. The company also disclosed approval for a planned reincorporation from Delaware to Nevada.

McKesson delivered a strong fiscal second quarter, with revenue up 8% and adjusted diluted EPS rising 18%. The healthcare distributor lifted its full-year adjusted EPS guidance while expanding its specialty-care portfolio through new investments and acquisitions.

Coherent delivered US$2.37 billion in fiscal first-quarter revenue and raised its fiscal 2027 pro forma growth outlook above 60%, helped by a sharp increase in datacentre and communications demand. The photonics company also flagged a five-year PhotonLink agreement valued at about US$20 billion, although meaningful revenue from that deal is not expected until early calendar 2028.

Expedia Group delivered a stronger-than-expected third quarter, with gross bookings up 11% and adjusted EBITDA up 17%. The travel marketplace also raised its full-year outlook while returning US$576 million through share buybacks.

FIS delivered a sharp third-quarter revenue increase and lifted adjusted EBITDA, but its next phase is centred on deleveraging rather than aggressive capital returns. The fintech has paused meaningful buybacks and tuck-in acquisitions while it works towards a gross leverage target of about 2.8 times.

Datadog delivered another strong quarter, with revenue up 35% and large-customer growth supporting its push into AI-powered observability. The company also issued fourth-quarter and full-year guidance while launching Scout 1.0, its first specialised AI model.

McDonald’s delivered higher profit and systemwide sales in the third quarter, helped by international markets, franchise margins and other operating income. The slight decline in US comparable sales remains the clearest test of whether its value push can restore guest traffic.

Insulet delivered a stronger-than-expected third quarter, with revenue up 19.2% and adjusted earnings per share rising nearly 60%. The diabetes-device maker also raised its operating-margin outlook and authorised a US$1 billion share repurchase programme.