QXO (QXO) Reports Q3 2025 Results, Wells Fargo Reiterates Bullish Stance

With significant upside potential and hedge fund interest, QXO Inc. (NYSE:QXO) secured a spot on our list of the 15 stocks set to explode in 2026.

QXO (QXO) Reports Q3 2025 Results, Wells Fargo Reiterates Bullish Stance

QXO, Inc. (NYSE:QXO) reported its Q3 2025 results on November 6, 2025, which aligned with previously announced preliminary figures disclosed alongside the announcement of its recent term loan refinancing. With an 11.1% adjusted EBITDA margin, the company reported an adjusted diluted EPS of $0.14 and adjusted EBITDA of $301.9 million.

Reporting $2.73 billion in revenue, the company’s leadership reaffirmed its trajectory toward $50 billion in annual revenue within the next decade, citing strong execution in optimizing Beacon, its wholly-owned subsidiary. QXO, Inc. (NYSE:QXO)’s management stated that it is on track to grow legacy Beacon’s EBITDA to over $2 billion. The company reported adjusted diluted EPS of $0.14.

The company’s earnings release was followed by Wells Fargo’s “Buy” rating with a $30 price target on the same day. The firm’s analyst, Sam Reid, cited the company’s strong performance in Q3, highlighting its stable gross and EBITDA margins amid a challenging macroeconomic environment. Furthermore, he highlighted the company’s trajectory toward achieving $50 billion in annual revenue within the next decade. While the analyst acknowledged a soft short-term outlook due to external pressures, he believes the company’s long-term outlook remains robust, driven by potential deals and acquisitions.

QXO, Inc. (NYSE:QXO), the largest publicly traded distributor of roofing, waterproofing, and complementary building products in North America, sees itself becoming the tech-enabled leader in the $800 billion building products distribution industry.

While we acknowledge the potential of QXO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than QXO and that has 100x upside potential, check out our report about this cheapest AI stock.

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