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Sony Quarterly Profit Jumps 32%; Company Raises Full-Year Forecast

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Sony graphic showing business divisions

In an overall challenging global economy, Sony Group recently released financial results for the first quarter of fiscal 2026. The company reported a solid 8% or ¥216.2 billion of revenue growth for a total revenue in the quarter of ¥2.83 trillion. Even more impressive, the company reported that net income grew 32%. While operations did improve, the lion’s share of these overall gains was due to a favorable foreign exchange rates and the return of tariffs after the Supreme Court struck down the Trump administration’s “reciprocal tariffs” program as illegal.

Still, Sony Group had a lot of positives to talk about.

Read more on Sony Group’s fiscal 2026/Q1 results…

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Remote Control Maker UEI Reveals: Fiscal ’26 2nd Qtr Results, Management Upheaval, and Amazon Lawsuit

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A UEI graphic

Universal Electronics Inc. (Nasdaq: UEIC) – one of the industry’s leading manufacturers of remote controls – made several consequential announcements at the end of last week, including its second quarter of Fiscal 2026 financial results, a significant management shakeup, the launch of an infringement lawsuit against Amazon, and the issuance of a special dividend for investors.

That’s a lot of change for one company…

Learn more about UEI’s impactful business announcements…

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It’s the Dawn of a New Era as ADI Global Formally Splits from Resideo Technologies

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ADI CEO Rob Aarnes rings the opening bell at the New York Stock Exchange
ADI CEO Rob Aarnes rings the bell to start the trading day at the NYSE

On Tuesday, ADI Global was officially launched as an independent company listed on the New York Stock Exchange (NYSE) with the symbol ADIG. Up to now, it was part of Resideo Technologies. This splitting of the parties was, of course, widely reported and expected, but has now been completed.

With the launch of ADIG stock on the NYSE, a new dawn emerges for both ADI Global Distribution and Resideo Technologies.

Learn more about the final separation of ADI Global Distribution from Resideo Technologies

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In the Wake of Good Earnings, Sonos Stock Soars Wednesday; Then Sinks 17.6% on Thursday

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A cover image of a Sonos investor presentation

A Preliminary Look at Sonos’ Fiscal 2026, 3rd Quarter Results

On Wednesday, Sonos, Inc (Nasdaq: SONO) released the results for the third quarter of Fiscal 2026 and, on the face of it, things looked pretty good. The company reported revenues in the quarter increased by 9% and net income was $29.9 million versus a loss in the quarter last year of $3.4 million. Investors reacted strongly, driving up the value of the stock by, 8% at one point – and that was on a down day on Wall Street. Shares of SONO closed up 4.3% after flying higher earlier in the day.

Then on Thursday, the value of Sonos stock reversed course and sank by a startling 17.6%!

Read more on the latest twists and turns at Sonos…

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TSMC, the World’s Largest Contract Chipmaker, to Increase Prices by 10% or More

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A graphic image showing a TSMC chip and logo

The Taiwan Semiconductor Manufacturing Company (TSMC), the largest contract manufacturer in the world of chips used in a wide variety of tech products, including for data centers for AI solutions, has informed clients that it will be raising prices for both advanced and mature chip production services by as much as 10% or more in 2027. The reason for the increase is to offset rising costs for materials, manufacturing equipment, and construction of new overseas chip plants, multiple sources told Nikkei Asia.

Learn more about this increase and its impact on inflation around the world…

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Exposé Reveals Big Tech is Hiding From Investors the True Amount of Debt Taken On to Fund AI

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A Meta data center in Georgia Meta, like all Big Tech, uses hidden debt to finance its AI expansion
A large Meta data center complex in the state of Georgia. [Photo: AP]

In a surprising exposé resulting from a deep investigation by the Nikkei, we have learned that Big Tech is engaged in questionable practices in order to conceal from investors the true amount of debt they are taking on to pursue building out their AI infrastructure with more and bigger…and more expensive…data centers. How big of a deal is this? Huge! In the last four years, debt not reflected on five of the big AI tech companies’ balance sheets – known as “hidden debt” – totals an estimated $1.65 trillion. Yes…trillion, with a “t”.

See how Big Tech companies get around reporting the true level of AI-connected debt…

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Audio Advice Acquires Miami-Based Sound Components

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Audio Advice Wilmington, NC showroom
Audio Advice, Wilmington showroom [Click to enlarge]

Audio Advice, a prominent smart home retailer and custom integrator based in Raleigh, North Carolina, announced today that it has acquired Sound Components, another well-known AV integrator based in Miami, Florida. This move joins two well-respected and popular integration industry players into one large multi-market integration business.

More on Audio Advice acquiring of Sound Components…

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ADI Reassures Control4 Dealers That When It Exits Resideo, Nothing Will Change

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copy of ADI email to Control4 dealers

This week, ADI Global Distribution, currently part of Resideo Technologies but soon to be split off as an independent company, has sent an email message to Control4 dealers reassuring them that nothing is going to change when the company goes independent from Resideo. The email to dealers, which has been viewed by Strata-gee, reassured dealers that ADI’s commitment to Contro4 is stronger than ever.

But, is it?

See more on ADI’s message to Control4 dealers…

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CEO Confidence in U.S. Economy Plunges in Q2 Survey

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A CEO addressing a group

In a surprising new survey of 141 of the Fortune Global 500 Chief Executive Officers, the leaders of some of the largest companies in the world, we learn that they are losing confidence in the U.S. economy. The survey, conducted by The Conference Board, a nonpartisan think tank, and The Business Council, an association of CEOs, showed a significant decline in CEO confidence in the second quarter of 2026 as compared to the first quarter.

How CEOs feel about the economy is important. When CEOs lose confidence, they tend to pull back on hiring and investment, further weighing down the economy, according to AXIOS reporter Emily Peck.

Read more on the dramatic drop in CEO confidence in the U.S. Economy…

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Resideo Announces Q1 Results; Revenues Up, Profits Up, But Its Stock Crashes 18%

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An image from the Resideo Q1 presentation modified

Resideo Technologies, Inc. (NYSE: REZI), predominantly a security and safety products company with two major divisions, including Products and Solutions (manufacturing) and ADI (distribution), announced the financial results for its first quarter of fiscal 2026 this week. The company reported that revenues beat previously forecasted guidance, and adjusted earnings grew as well.

And yet the market reacted strongly, with the value of Resideo’s stock crashing almost 18% on the day after it released its results. Read on to see why the stock declined.

Read why the value of Resideo stock crashed the day after it released its results…

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