American Well Corp (AMWL) · Nov 3, 2026 · Earnings

American Well earnings beat revenue estimates as outlook rises

In line — Revenue $49.0M vs ~$47.3M consensus; EPS $(0.67) vs $(0.66) consensus

American Well’s Q3 earnings beat revenue expectations and lifted 2026 revenue and EBITDA guidance, though losses and cash-flow execution remain unresolved.

Amwell is in the middle of a cost-cutting and platform-transition story: it is trying to make its unified software platform more central to payer and health-system customers while moving toward AI-enabled care and positive cash generation. The prior setup already called for seasonal Q3 weakness, continued client-transition risk and a fourth-quarter cash-flow target; published estimates were roughly $47.3 million of revenue and a $(0.66) per-share loss.

Revenue execution was better than the bar, but not a growth story. Q3 revenue reached $49.0 million versus approximately $47.3 million expected, while still falling 13.0% from $56.3 million a year earlier. That makes the quarter a modest operational beat against the near-term estimate, but the year-over-year contraction shows Amwell is still rebuilding rather than accelerating.

	Q3 2026	Q3 2025	Consensus
Revenue (Statements of Operations)	$49.0M (-13.0%)	$56.3M	~$47.3M
Net loss per share (Statements of Operations)	$(0.67)	$(2.00)	$(0.66)
Adjusted EBITDA (Non-GAAP reconciliation)	$(3.6)M	$(12.7)M
FY revenue outlook (Financial Outlook)	$204–206M		$200–205M prior
FY adjusted EBITDA outlook (Financial Outlook)	$(8)–$(7)M		$(9)–$(7)M prior

The real positive surprise is the outlook lift. Management raised the full-year revenue range to $204–206 million from $200–205 million and narrowed the adjusted EBITDA loss range to $(8)–$(7) million from $(9)–$(7) million. It also reaffirmed AMG visit guidance, so the improvement is coming from revenue and cost execution rather than a higher utilization target. 〔0〕

Profitability is improving year over year, but the near-term path remains uneven. Adjusted EBITDA loss improved sharply from $(12.7) million in Q3 2025 to $(3.6) million, yet worsened sequentially from $(1.2) million in Q2 as previously signaled project and transformation costs weighed on the quarter. GAAP net loss was still $11.0 million, and the company remains dependent on delivering the promised fourth-quarter cash-flow inflection. 〔1〕

The balance sheet gives the transition room, but does not prove the model is fixed. Amwell ended September with $180.8 million of cash and used only $1.9 million of operating cash in the first nine months, a significant improvement from $48.6 million used in the prior-year period. However, nine-month revenue was still down to $155.9 million from $194.0 million, and the company continues to spend on capitalized software development as it completes the platform transformation.

Bottom line: This is a modestly constructive quarter: revenue beat the immediate expectation and management raised its full-year targets. The business is executing its cost reset, but the core growth story is not yet repaired, and Q4 cash-flow delivery remains the next proof point.

What to watch next

Q4 operating cash flow, targeted by year-end 2026

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

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American Well earnings beat revenue estimates as outlook rises

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