Business
Disney (DIS) earnings Q2 2026
Josh D’Amaro, chairman of Disney Experiences, speaks during the grand opening ceremony of Shanghai Disney Resort’s Zootopia-themed land on December 19, 2023 in Shanghai, China.
Vcg | Visual China Group | Getty Images
Disney will release its fiscal second-quarter results before the bell Wednesday. It will mark the first earnings call led by Josh D’Amaro since the former parks executive took over as CEO in March.
Under the new CEO, who replaced Bob Iger after his two turns at the helm totaling roughly 20 years, Disney has already been through a round of layoffs and has faced mounting political pressure surrounding its late night TV host Jimmy Kimmel.
“This earnings call marks Disney’s first real gut‑check under D’Amaro’s leadership, and a test of how his theme‑parks roots translate, or don’t, into the rest of the business,” said Mike Proulx, research director at Forrester. “Streaming is still the main event, but the market is consolidating. A potential combination of Paramount+ and HBO Max would reset the competitive calculus for Disney+.”
Streaming and TV results have gobbled up much of the focus for media investors across the board as the industry faces significant upheaval and consolidation.
Here’s how Disney is expected to perform in its fiscal second quarter, according to LSEG:
- Earnings per share: $1.49 expected
- Revenue: $24.78 billion expected
Last quarter Disney stopped reporting some details for the entertainment segment — which is comprised of its traditional TV, streaming and theatrical releases — including the breakdown of revenue and operating income for each segment. The company has also stopped reporting quarterly streaming subscriber numbers.
The consumer shift from pay TV bundles to streaming has weighed on media companies for years, with both distribution and advertising profits continuously decreasing. Still, traditional TV remains a cash cow, and investors have been keen to see how and when streaming can make up for the declines.
Updates on the state of Disney’s theme parks, which are part of its experiences unit and the profit driver of the company, will also be of particular interest on Wednesday.
In February, Disney provided second-quarter guidance that called for “modest” growth in operating income for the experiences division due to international visitation headwinds at domestic parks. That forecast was issued before the U.S. and Israel launched attacks on Iran roughly two months ago, causing a surge in oil prices.
This story is developing. Please check back for updates.
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Star Wars Celebration 2027 Tickets On Sale Today for Los Angeles Event
LOS ANGELES — Star Wars fans can finally secure their tickets starting today, May 6, 2026, for Star Wars Celebration 2027, the massive four-day fan event set to take over the Los Angeles Convention Center from April 1-4, 2027, marking the 50th anniversary of the original “Star Wars” film.

Tickets officially went on sale at 12:00 p.m. PT on Wednesday, with multiple tiers available ranging from single-day passes to premium Jedi Master VIP packages. The event promises major panels, exclusive merchandise, cosplay showcases, and surprises celebrating five decades of the beloved franchise.
The official Star Wars Celebration website and Ticketmaster began processing orders promptly at noon Pacific, with fans reporting quick movement on lower-priced options. Early demand appears high, especially for the full four-day passes and VIP experiences that include early access, exclusive panels and collectibles.
Event Details and Highlights
Star Wars Celebration 2027 will return to California for the first time since 2006, bringing together fans, celebrities, creators and collectors for an immersive experience. The Los Angeles Convention Center will host massive exhibit halls, autograph sessions, stage presentations and fan-favorite activities such as the popular cosplay competition and collector-focused areas.
Organizers have teased special programming to celebrate the 50th anniversary of “A New Hope,” potentially including rare screenings, behind-the-scenes insights and appearances tied to current and upcoming Star Wars projects. While full panel and guest lineups remain under wraps, past events have featured major announcements from Lucasfilm, including new film and series reveals.
Ticket Options and Pricing
- 4-Day General Admission: $105.99
- Thursday Single Day: $36
- Friday/Saturday/Sunday Single Day: $46 each
- Jedi Master VIP packages (with premium perks) are priced significantly higher and sold out fastest in previous years.
Hotels near the convention center have already opened special discounted room blocks through the official partner Connections Housing. Fans are encouraged to book accommodations early, as the event typically draws tens of thousands of attendees.
Why Fans Are Excited
This will be the first Celebration on the West Coast in over two decades, making it highly accessible for fans in California and the broader Western U.S. The timing aligns perfectly with the franchise’s milestone anniversary, raising expectations for substantial reveals about upcoming movies, series and games.
Social media has been buzzing since the sale opened, with fans sharing screenshots of successful purchases and expressing excitement about returning to in-person celebration after recent international events. Hashtags like #StarWarsCelebration2027 and #SWCeleb2027 quickly began trending as attendees planned trips and coordinated group travel.
Past Celebrations and Legacy
Star Wars Celebration has grown into one of the largest pop culture conventions in the world since its debut in 1999. Previous events in cities like Chicago, Orlando, London and Anaheim have delivered unforgettable moments, including surprise cast reunions, trailer premieres and interactive experiences.
The 2027 edition in Los Angeles is expected to be one of the largest yet, capitalizing on the city’s deep connection to the Star Wars universe and its status as a global entertainment hub.
Tips for Buying Tickets
Fans hoping to attend should act quickly, especially for VIP packages and popular single-day tickets. Having a Ticketmaster account ready with payment information saved can help avoid missing out during high-demand periods. Those unable to purchase today are advised to monitor the official site for any additional waves or waitlists.
International travelers should begin visa and travel arrangements early, particularly for large groups. Families and cosplay enthusiasts are encouraged to review the event’s policies on costumes, props and age restrictions once more details are released.
What to Expect in 2027
While the full schedule remains months away, past events suggest a mix of large-scale panels, intimate creator sessions, vendor halls packed with exclusive merchandise, and community celebrations. The 50th anniversary theme is likely to bring special tributes to the original trilogy and the franchise’s cultural impact.
Lucasfilm has not yet announced specific guests or programming, but speculation is already running high about potential appearances by legacy actors and new talent from ongoing series.
Broader Star Wars Momentum
The timing of Celebration 2027 comes during an active period for the franchise, with new films, television series and games in various stages of development. Fans hope the event will provide clarity and excitement about the future direction of Star Wars storytelling across all mediums.
For many, attending Celebration is more than just a convention — it is a pilgrimage and a chance to connect with fellow fans from around the world who share a passion for the galaxy far, far away.
As tickets continue selling throughout the day, excitement continues to build for what promises to be a landmark event in Star Wars history. Whether you’re a longtime fan celebrating 50 years or a newer member of the community, Star Wars Celebration 2027 in Los Angeles is shaping up to be an unforgettable experience.
Tickets remain available now at the official Star Wars Celebration website. Early buyers are already making plans, booking hotels and coordinating costumes for what many are calling the biggest Star Wars party of the decade.
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Chevron CEO warns of global oil shortages from Strait of Hormuz closure
‘The Big Money Show’ panel breaks down rising Iran tensions as U.S. forces secure the Strait of Hormuz, oil prices react and Americans face higher gas costs amid a volatile global energy fight.
Chevron CEO Mike Wirth on Monday said that shortages in the oil supply chain will start appearing around the world because of the closure of the Strait of Hormuz amid the Iran war.
Wirth made the comments during a discussion at the Milken Institute’s Global Conference about global economic growth and said that economies in Asia will be the first to shrink as demand adjusts to the disruption of oil supplies.
“We will start to see physical shortages,” Wirth said, adding that surplus supply in commercial markets, tankers in so-called shadow fleets avoiding sanctions, and national strategic reserves were being absorbed.
“Demand needs to move to meet supply,” he said. “Economies are going to have to slow.”
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Chevron CEO Mike Wirth said oil shortages will start appearing around the world, slowing economic growth. (Patrick T. Fallon/AFP via Getty Images)
Asian countries are the most reliant on oil produced and refined by countries near the Persian Gulf and are likely to see shortages first, followed by European countries, Wirth said.
He said that the U.S. as a net exporter of crude oil would be less affected than other parts of the world, but eventually the effects of the supply constraints will be felt there as well.
Wirth noted that the last scheduled shipment of oil from the Gulf was being offloaded at the Port of Long Beach, which supplies Los Angeles and Southern California.
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The overall impact of the closure of the Strait of Hormuz is “potentially as big as in the 1970s,” Wirth said of the energy crises that stemmed from the Yom Kippur War and the Iranian revolution that disrupted oil exports from the Middle East.
Energy prices have spiked amid the Iran war, with prices for global crude oil benchmarks West Texas Intermediate and Brent both trading over $100 a barrel after surging above $110 a barrel due to the conflict.
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Oil tanker traffic through the Strait of Hormuz ground to a halt due to the Iran war. (Giuseppe Cacace/AFP via Getty Images)
Surging oil prices have pushed gas prices higher, with AAA data showing that the national average price of gas at more than $4.48 a gallon as of Tuesday – up more than 41% from the $3.16 a gallon average that prevailed one year ago.
Jet fuel prices have also risen dramatically, topping $4 a gallon since the outbreak of the war after it cost less than $2.50 a gallon before the war began.
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The dramatic rise in jet fuel prices contributed to the failure of Spirit Airlines as its bankruptcy exit plan was upended by mounting costs.
Reuters contributed to this report.
Business
Why Deepak Shenoy is betting on industrials, defence, and oil and what he’s avoiding
Earnings are holding up better than feared
Speaking to ET Now, Shenoy noted that corporate results coming in have been “meaningfully interesting,” with the actual impact of recent global disruptions proving far less severe than widely expected. “The worst may be ahead of us,” he acknowledged, “but it does not seem like it is as bad as it sounds.”
Market prices have reflected this shift in sentiment. April was an encouraging month for Indian equities, and Shenoy sees that price action as a signal worth paying attention to — particularly in sectors where fundamental tailwinds are building.
The credit data tells a bullish story
One of the most compelling data points Shenoy cited was the latest bank credit numbers. MSME credit grew 34% year-on-year. Large industry credit — a segment that had essentially stopped borrowing — clocked growth of 10.5%, the highest since 2013.
“To the extent that corporates are borrowing again… industrial credit, especially capex, is kind of encouraging,” Shenoy said. Credit growth, he explained, typically acts as a precursor to capital expenditure, making this a forward-looking positive signal for the broader economy.
Where Shenoy is putting money to work
On sector allocation, Shenoy is unambiguous. His preference is industrials, import substitution, and manufacturing — with defence and semiconductors as high-conviction bets within that theme. Both sectors, he argues, have revenue upside that the current market narrative is underpricing.
“There is cause for that to be a primary kind of allocation,” he said of defence and semiconductor names, pointing to strong demand visibility and the potential for significant revenue jumps.Financials, by contrast, remain a lower priority for now. While NBFC credit demand is showing signs of life, Shenoy considers the sector “still weak” relative to the opportunities available elsewhere.
His more contrarian call is on oil exploration. Once the current geopolitical uncertainty eases, he expects domestic oil and gas exploration — particularly in basins with prior discoveries — to attract significant long-term interest.
Don’t make a long-term bet on high oil prices
On crude oil itself, Shenoy’s medium-term view is decisively bearish. He expects prices to fall below $80 per barrel within a year, driven by rising supply from the US, potential re-entry of Russian oil into global markets, UAE’s push to increase output outside OPEC constraints, and new domestic discoveries by India and China.
“Any bet on oil remaining at this level forever is probably a very bad idea,” he said flatly. Long-term electrification trends add further downward pressure, though he places that impact two to four years out.
On Tata Tech and the EV technology theme: Wait for orders first
Shenoy was cautious on the buzz around Tata Technologies and the broader EV technology outsourcing theme. While he acknowledged the opportunity is real, he cautioned that entry timelines in this space are long, competition is fierce, and major players like Tesla and Chinese automakers do not meaningfully outsource to India.
His advice: wait for actual order wins before treating the narrative as an investment thesis. “There is a better set of plays out there in plain old semiconductors or industrials,” he said, rather than making a specific bet on IT names riding the EV upgrade cycle.
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Advanced Expectations The Biggest Challenge For Advanced Energy Industries Right Now
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KPI Green Energy Q4 Results: Cons PAT jumps 46% YoY to Rs 155 crore; revenue up 40%
The company’s revenue from operations came in at Rs 810 crore, an impressive 40% increase from Rs 578 crore recorded in the corresponding quarter of the previous financial year.
The sharp gain in revenue was driven by strong execution momentum across renewable energy projects and higher contributions from key business verticals.
EBITDA rose to Rs 305 crore in Q4 FY25–26, marking an 80% increase from Rs 169 crore in the same period last year. This came on the back of a larger scale of operations, improved operating leverage and disciplined cost management.
Profit before tax (PBT) stood at Rs 214 crore, up 54% year-on-year from Rs 139 crore. The increase was largely supported by stronger project execution, a better revenue mix and improved operational efficiencies.
The company’s EBITDA margin improved to 36.6% from 28.3% year-on-year.
For the full year, total revenue came in at Rs 2,742 crore, marking a 56% increase from Rs 1,755 crore in FY24–25. KPI’s profit after tax (PAT) rose to Rs 509 crore, up 57% from Rs 325 crore, the company said in a regulatory filing.Alongside earnings, the company has recommended a final dividend of Re 0.25 per equity share and a special dividend of Re 0.15 per share following the successful energisation of its 1 GW IPP project. This takes the total dividend to Re 0.40 per equity share of face value Rs 5 each for FY25–26, subject to shareholder approval at the upcoming Annual General Meeting.
KPI management said: The year marked important progress in the Company’s transition towards an asset-backed renewable energy platform, with strengthened long-term revenue visibility from contracted IPP projects, continued order wins from marquee customers, successful project energisation, financial closure of new projects and entry into utility-scale Battery Energy Storage Systems.
Investors cheered the Q4 results as KPI Green shares rallied 10% to an intraday high of Rs 501 on the BSE on Wenesday.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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