普通外文研报
1Q26 Model Update
研报英文原文证据摘录
1Q26 Model Update
May 14, 2026
exclusively to Major US Institutional Investors (as such term is defined in Rule 15a-6 under the Securities Exchange Act of 1934, as amended) and is not
intended for the use of any person or entity that is not a major institutional investor. Major US Institutional Investors receiving this report and wishing to
effect transactions in securities discussed in this report must do so through CF&Co.
For Research prepared by Affiliates of CF&Co., CF&Co. accepts responsibility for the content of Research Reports prepared by affiliates when distributed to
US persons. Although it has accepted responsibility for the content when distributed to US investors, CF&Co. did not contribute to the preparation of those
reports and the analysts authoring the Research Reports are not employed by, and are not associated persons of CF&Co. Among other things, this means
that the entity issuing this report and the analysts authoring this report are not subject to all the disclosures and other US regulatory requirements to
which CF&CO and its employees and associated persons are subject. Cantor Fitzgerald & Co., 110 East 59th Street, New York, NY 10022., FINRA CRD: 134.
United Kingdom: This document is being approved to be distributed by Cantor Fitzgerald Europe (“CFE”) only to persons who are eligible counterparties
or professional clients (as detailed in the FCA Rules, COBS 3). CFE is authorised and regulated in the UK by the Financial Conduct Authority (“FCA”) and
a member of the London Stock Exchange. The information herein does not apply to, and should not be relied upon by, retail clients; neither the FCA’s
protection rules nor compensation scheme may be applied. Cantor Fitzgerald Europe, 5 Churchill Place, Canary Wharf, London E14 5HU, FCA Reference
本摘录由系统从所标注的 PDF 证据页直接提取并保留英文原文,不做批量翻译;登录后在阅读器切换中文时才按需翻译。
打开研报阅读器