Telix Pharmaceuticals Ltd (ASX: TLX) shares received a nice boost yesterday after the company released Q2 2026 results.

Telix Pharmaceuticals is a pharmaceutical group specialising in the development and commercialisation of radio pharmaceuticals for the imaging and treatment of certain cancers.

What did the company report yesterday?

As The Motley Fool’s Bernd Struben reported, the company announced: 

• 21% year-on-year revenue boost to US$247 million (AU$353 million). 
• Second-quarter revenue rise of 7% from the prior quarter.
• The company’s Precision Medicine segment brought in US$202 million of that quarterly revenue, a 30% increase from Q2 2025 and up 9% from last quarter.

The company said it expects FY 2026 revenue and other income to be in excess of US$1 billion, with revenue tracking in line with the upper end of FY 2026 guidance of US$950 million to US$970 million.

Speaking on the results, Dr Christian Behrenbruch, Managing Director and Group CEO, said: 

We delivered another quarter of growth with U.S. dose volumes increasing 7% during the quarter, driven by growing demand for Gozellix and continued strength across our PSMA7 imaging portfolio. This performance underscores the strength of our differentiated two-product PSMA imaging strategy and reinforces Telix’s market leadership, built on clinical differentiation, supply chain resilience and commercial execution.

Following these results, Bell Potter released updated guidance on Telix shares. 

Solid growth 

Bell Potter’s report yesterday shows the broker sees the results largely as positive. 

Telix is growing faster than expected and appears to be gaining market share in PSMA imaging; it is confident enough to invest more in research and still expects strong underlying sales even without the one-off Regeneron payment.

Other than the half year result in August, the major upcoming catalyst is the FDA decision on approval of Pixclara for brain cancer imaging, due 11 September 2026. 

This pending approval represents a pivotal moment. Approval would likely generate a welcome re-rating. A second Complete Response Letter (CRL), depending on the nature of the contents, could be highly damaging as there are no other near to revenue pipeline products. 

In the clinic, we expect the FDA should clear the amended IND for TLX591 in the coming weeks, finally allowing recruitment of the Part 2 of this trial to commence recruitment in the US.

Healthy upside for Telix shares 

Based on this guidance, the team at Bell Potter has retained its buy recommendation for Telix shares. 

The broker has maintained its 12-month price target of $19. 

Based on yesterday’s closing price, this indicates upside potential of almost 26%. 

The post Are Telix shares a buy, hold or sell following results? appeared first on The Motley Fool Australia.

More reading

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• Down 9%: Is the rebound over for Telix shares?

Motley Fool contributor Aaron Bell has positions in Telix Pharmaceuticals. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Telix Pharmaceuticals. The Motley Fool Australia has recommended Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Cleanaway Waste Management Ltd (ASX: CWY) share price is in focus today as the company announced a CFO transition and reaffirmed its FY26 earnings outlook, with underlying EBIT expected around $470 million.

What did Cleanaway Waste Management report?

• Appointment of Nigel Simonsz as incoming Chief Financial Officer, starting 27 July 2026
• Current CFO Paul Binfield stepping down, supporting transition through H1 FY27
• FY26 underlying EBIT expected to be approximately $470 million (midpoint of prior guidance)
• FY26 full year results set for release on 20 August 2026

What else do investors need to know?

Nigel Simonsz brings broad financial leadership experience from listed companies such as United Petroleum, Sigma Healthcare, and Australian Agricultural Company. The appointment follows an internal and external search, with an emphasis on continuity during Cleanaway’s reporting and strategy cycle.

Outgoing CFO Paul Binfield has served over five years, during which he guided the company through strategic acquisitions and helped shape Cleanaway’s Blueprint 2030 strategy. The board acknowledged his contribution and commitment to a smooth leadership handover.

What’s next for Cleanaway Waste Management?

Cleanaway will continue its focus on delivering Blueprint 2030, which centres on long-term sustainable growth and capital discipline. The company plans a structured CFO transition, maintaining stability while progressing its growth and operational strategies.

Further details on full-year financial performance and forward outlook are expected at the FY26 results announcement in August.

Cleanaway Waste Management share price snapshot

Over the past 12 months, Cleanaway shares have declined 20%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 1% over the same period.

View Original Announcement

The post Cleanaway Waste Management appoints new CFO and reaffirms FY26 earnings guidance appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

Commonwealth Bank of Australia (ASX: CBA) shares closed in the red on Tuesday afternoon.

The bank shares fell around 0.4% for the day, ending at $170.49 a piece.

Thanks to a strong start to the year, the bank shares are up around 6% for the year to date, but they’re still around 4% lower than 12 months ago.

For context, the S&P/ASX 200 Index (ASX: XJO) is up around 1% year to date and roughly 1.5% higher than 12 months ago.

But brokers are pretty pessimistic about the outlook for CBA shares over the next 12 months. Market Index data shows that all brokers have a sell rating on the banking giant’s shares. The average $123.25 target price implies a potential 28% downside at the time of writing. 

It’s not good news for CBA shares. But regardless of where the stock will be in 12 months’ time, there are a few other reasons I think the ASX bank shares are a screaming buy right now.

Here are three of them.

1. CBA has defensive qualities

CBA is huge in scale. The bank sits in second place on the ASX 200, behind only BHP Group Ltd (ASX: BHP) in terms of market capitalisation.

CBA is primarily a cyclical stock, but it has strong defensive qualities. Scarcity of quality stocks on the ASX also means investors tend to put major players, like CBA, on a pedestal. Its sheer scale often means investors generally consider it a safe haven when markets are unstable. 

We’ve seen this play out throughout 2026. Regardless of the business fundamentals and analyst outlooks, many investors will always favour and buy into CBA shares purely because it is Australia’s largest bank.

2. Consistent operational performance

Because CBA is a large-scale ASX bank stock with defensive qualities, its operational performance and earnings are mostly strong and consistent, even when markets are weaker. 

CBA posted its half-year results in February, where it revealed a 6% increase in cash net profit to $5,445 million. The result was far better than the market expected and demonstrated core banking business growth. 

The latest update from the bank was for the three months to 31 March 2026. It reported statutory net profit of $2.6 billion, while cash net profit was $2.7 billion – this was up 4% year on year, but down 1% on the quarterly average of the FY26 first half.

But the bank also reported growth in both loans and deposits. Annual growth to March 2026 saw business lending grow by 12.5%, household deposits grow by 9.1%, and home lending increase by 7.1%.

3. The bank pays a reliable passive income

CBA’s huge scale and consistent operational performance have enabled the bank to generate a long history of paying regular fully-franked dividends every year, dating back to 1992. 

And it pays its shareholders a good dividend yield, too. Its latest payment was a fully-franked interim dividend of $2.35 per share in late-March.

Looking ahead, the bank is forecast to pay a total dividend of $5.15 per share to shareholders in FY26. It is then expected to pay around $5.45 per share in FY27.

At the time of writing, this translates to a forward dividend yield of around 3% for FY26. For FY27, the forward dividend yield is about 3.2%.

The post 3 reasons CBA shares are a screaming buy right now appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies has positions in BHP Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.