Cheesecake Factory Revenue Jumps to $1,033.4 Million in Third Quarter
Key Facts
Cheesecake Factory reported revenue of $1,033.4 million in the third quarter of fiscal 2026, compared with $907.2 million in the same period a year earlier. Net income was $61.3 million, while diluted earnings per share reached $1.19, according to the company's earnings release. Comparable sales at its restaurants rose 15.2% year over year during the quarter. The company also declared a quarterly cash dividend of $0.30 per share. The results came amid a wave of quarterly earnings announcements that included Seagate and Sensata, with share performance varying after the results were released.
Seagate reported revenue of $4.233 billion for the first quarter of fiscal 2027, compared with $2.629 billion in the first quarter of fiscal 2026. Non-GAAP diluted earnings per share were about $7.68, compared with $2.61 a year earlier. Chief Executive Dave Mosley said the company delivered "another quarter of record profitability and the highest free cash flow ever in a September quarter," attributing the performance to stronger demand. For the second quarter of fiscal 2027, the company forecast revenue of $4.8 billion, plus or minus $100 million. It also forecast earnings per share of $9.20, plus or minus $0.20.
But Seagate shares fell about 8% in after-hours trading on October 27, 2026, even as the company beat earnings and revenue estimates and raised its guidance. Investing.com reported that investors appeared to be taking profits after a strong share rally in the preceding period. The results alone do not provide a broader explanation for moves in the other companies' shares mentioned in the draft, as the available facts do not include documented after-hours movements for Sensata or Cheesecake Factory. At Sensata, revenue was $1.004 billion in the third quarter of 2026, up 7.7% from $932 million a year earlier. Adjusted earnings per share rose to $1.13 from $0.89 in the same period.
Sensata's revenue included a $24 million contract termination payment from a customer, linked to the cancellation of an electric vehicle program. The payment contributed about 2.6% to organic revenue growth during the quarter, according to the company's release. In the second quarter of 2026, the company had reported revenue of $990.6 million, up 5% year over year, and adjusted earnings of $0.98 per share. By comparison, revenue rose to $1.004 billion in the third quarter and adjusted earnings per share climbed to $1.13. These figures show acceleration in both metrics from the previous quarter, with the contract termination payment remaining part of the organic revenue growth mix.
On the economic data front, new orders for U.S.-manufactured durable goods rose by $6.3 billion, or 1.8%, to $345.4 billion in September. That followed a 0.1% increase in August, according to the U.S. Census Bureau. Excluding transportation equipment, orders rose 0.5%, while they increased 2.2% excluding defense orders. Transportation equipment led the gain, with orders up $5.2 billion, or 4.6%, to $119.8 billion. This means transportation equipment made the largest contribution to September's increase, while orders also rose when that sector was excluded.
The Federal Reserve will hold its Federal Open Market Committee meeting on October 27 and 28, 2026, and the official page listed a press conference as part of the meeting schedule. The meeting follows the release of September durable goods data and company results, with attention turning to the committee's decision and its communication afterward. The available facts do not specify an expected interest-rate level or a predetermined meeting outcome. Cheesecake Factory's $0.30-per-share dividend is scheduled to be paid on November 24, 2026, to shareholders of record as of the close of business on November 10. These two dates set the next steps for shareholders as markets follow the Fed meeting.