The Earnings Debate

Episode

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  GoDaddy Inc. (GDDY) Announced Q2 2026 Earnings on July 30, 2026, Reporting "total revenue for the quarter grew 7% to $1.3 billion" 11.08.2026 20mnt

  GoDaddy Inc. reported its second quarter 2026 financial results, where "total revenue for the quarter grew 7% to $1.3 billion" and "ARR grew 6% to $4.4 billion". Within its segments, the "Applications and Commerce segment grew revenue at 11% to $515 million" with a "Segment EBITDA margin" of "46.8%", and "Core Platform grew 4% to $783 million" with a "Segment EBITDA margin" of "33.4%". The company also reported "strong free cash flow of $443 million" for the quarter and "trailing 12-month free cash flow of $1.73 billion". Additionally, "ARPU increased 9% to $250" and the company reduced its "fully diluted shares outstanding by another 7% this year to 127 million shares" through share repurchasing.Management focused heavily on its "AI transformation" and highlighted its central initiative, "Airo", which has been positioned as "an agentic operating system for small businesses". The "annualized bookings run rate has increased 5x to $50 million, versus the $10 million we shared just 1 quarter ago" as customer adoption exceeded expectations. To support this shift, the company is "deemphasizing a few products as stand-alone offerings and bringing their capabilities into Airo". GoDaddy is also focused on "reinventing our own operations to be AI native to improve customer outcomes and increase the speed of innovation", noting that "the 24-hour repeat contact rate for customers served by our voicebot" dropped "by over 16 percentage points in Q2".In product and infrastructure developments, GoDaddy launched the "GoDaddy Developer Platform, a new generation of domain APIs", and enhanced the "Agent Name Service standard, launched it in production and this quarter announced our intent to contribute it to the Linux Foundation". GoDaddy also "codeveloped the Agentic Resource Discovery specification, or ARD" alongside other technology firms.For its financial outlook, the company is "narrowing our full year 2026 revenue guidance to a range of $5.215 billion to $5.255 billion" and targeting Q3 revenue "within a range of $1.315 billion to $1.335 billion". GoDaddy also reaffirmed its "full year free cash flow target of approximately $1.8 billion" and its "full year margin target of over 33%".
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  Mitsui & Co., Ltd. (MITSY) Announced Q1 2027 Earnings on August 4, 2026, Reporting Record Q1 Profit of JPY 294.1 Billion 11.08.2026 20mnt

  Mitsui & Co., Ltd. reported that core operating cash flow, or COCF, increased by JPY 64.6 billion year-on-year to JPY 280.9 billion for the first three months of the fiscal year.Profit for the first three months of the fiscal year increased by JPY 102.5 billion year-on-year to JPY 294.1 billion, reaching a record high for Q1. Revenue and profit margins were not explicitly reported in the transcript.Balance sheet metrics at the end of the quarter showed that total assets decreased by JPY 0.1 trillion from the end of March 2026 to JPY 20.7 trillion, while net interest-bearing debt increased by JPY 0.3 trillion from the end of March 2026 to JPY 4.4 trillion.Shareholder equity increased by JPY 0.2 trillion compared with the end of March 2026 to JPY 9 trillion, resulting in a net debt-to-equity ratio of 0.49x.Key business priorities and strategic initiatives discussed by management focused on capital allocation and shareholder returns under their Medium-term Management Plan 2029, or MTMP2029. CFO Makoto Tanaka announced that the company decided on a "share repurchase of JPY 200 billion to be completed by the end of January 2027" in order to improve capital efficiency.Tanaka stated that "all shares acquired through this repurchase will be canceled" to enhance per share value.The company updated its "shareholder returns as a percentage of COCF target to over 50%" to demonstrate commitment to shareholder returns.The JPY 200 billion share repurchase will be funded from the base case management allocation of JPY 2.4 trillion.Management noted that through their "middle game initiatives", they will "further strengthen our COCF base and enhance asset value" and "accelerate asset recycling to expand management allocation". Additionally, the Waitsia natural gas project in Australia, which began commercial production in the fiscal year ending March 2026, started to contribute to earnings this quarter. A solar power generation project in the United States was completed within budget and is expected to begin contributing to earnings in the second quarter.Regarding forward guidance, management did not provide updated full-year figures but indicated plans to revise forecasts soon. CFO Makoto Tanaka stated, "While closely monitoring development in the Middle East, we'll be revising our full year earnings forecast at an appropriate time based on the high level of progress against our business plan and our forward outlook". He also noted, "we intend to review our capital allocation in the second quarter, as we have done in the past in conjunction with our full year earnings forecast update". For notable transaction announcements, the company highlighted a proposal announced on July 22 to acquire the free-float shares of Penske Automotive Group, stating they "will provide an update at an appropriate timing depending on our future developments" as it was not included in the capital allocation slide at this time.I can help you build a structured spreadsheet tracker of Mitsui's segment-by-segment performance next if you want to explore the underlying business drivers in more detail.
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  Apple Inc. (AAPL) Announced Q3 2026 Earnings on July 30, 2026, Reporting "$109.4 billion in revenue, up 16% from a year ago and a June quarter record" 11.08.2026 11mnt

  Apple reported June quarter results for fiscal year 2026, with CEO Tim Cook stating, "Today, Apple is proud to report $109.4 billion in revenue, up 16% from a year ago and a June quarter record." CFO Kevan Parekh reported that products revenue was $78.7 billion, up 18% year-over-year, and services revenue was $30.7 billion, up 12% year-over-year.Parekh stated that "Company gross margin was 50.1%, up 80 basis points sequentially," which "included a benefit from tariff refunds, which had a favorable impact of approximately 2 percentage points." Net income for the quarter was $29.8 billion, operating cash flow was $34.4 billion, and "Diluted earnings per share was $2.02, up 29% year-over-year."During the call, Cook highlighted the company's major technology initiatives, noting they "unveil the all-new Siri AI, a completely reimagined version of Siri that is profoundly capable, deeply personal and integrated seamlessly across our platforms." Cook also discussed a new partnership, stating, "Apple announced a new agreement with Broadcom to design and produce custom silicon components and cutting-edge wireless connectivity technologies" that is "expected to exceed $30 billion" as part of Apple's American Manufacturing program.Additionally, Cook announced that this was his final earnings call before transitioning his responsibilities, stating, "The transition is going seamlessly, and I am beyond excited for John to step into his new role and lead Apple into its next era."For the September quarter, Parekh provided forward guidance, stating, "We expect our September quarter total company revenue to grow between 9% and 11% year-over-year." This outlook is impacted by sequential foreign exchange headwinds and supply constraints affecting iPhone, Mac, and iPad.Cook noted that the "constraints were primarily driven by the availability of the advanced nodes that our SoCs are produced on." For other September quarter metrics, Parekh stated, "We expect gross margin to be between 47% and 48%," which "includes an expected benefit of approximately 1 percentage point related to tariff refunds," and "We expect operating expenses to be between $19.1 billion and $19.4 billion."
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  ServiceNow, Inc. (NOW) Announced Q2 2026 Earnings on July 22, 2026, Reporting "Q2 subscription revenues were $3.877 billion" 11.08.2026 20mnt

  During the Q2 2026 earnings call, President and Chief Financial Officer Gina Mastantuono reported that Q2 subscription revenues were $3.877 billion, representing 23% year-over-year growth in constant currency.Remaining performance obligations, or RPO, ended the quarter at approximately $29 billion, representing 22% year-over-year constant currency growth.Current RPO was $13.2 billion, representing 21.5% year-over-year constant currency growth.Mastantuono also stated that the non-GAAP operating margin was 29.5%, and the free cash flow margin was 16% for the quarter.The company's renewal rate was 98% in Q2, and ServiceNow AI ACV crossed over $1 billion.Chief Executive Officer Bill McDermott highlighted that ServiceNow is positioning itself as an enterprise and cybersecurity leader. McDermott noted that their risk and security business is a 10-figure cybersecurity business and is the fastest growing of the top 10 cyber companies in the enterprise. To strengthen this area, the company has integrated Armis, which tracks 7 billion devices in real time, and Veza, which maps access across human, machine and AI identities.Additionally, McDermott reported that 50% of net new business is already non-seat-based.The company also highlighted EmployeeWorks, which combines Moveworks conversational AI with ServiceNow workflows, noting that EmployeeWorks deal volume grew over 150% quarter-over-quarter.For the third quarter of 2026, the company expects subscription revenues between $3.975 billion and $3.980 billion, representing 20% year-over-year growth on a constant currency basis, with expected current RPO growth of 20% on a constant currency basis and an operating margin of 31%.For the full year 2026, Mastantuono raised subscription revenue guidance by $15 million at the midpoint to between $15.755 billion and $15.770 billion, representing 21% year-over-year growth on a constant currency basis.For the full year, the company expects a subscription gross margin of 81%, an operating margin of 31.5%, and a free cash flow margin of 35%.In product and partnership announcements, McDermott highlighted several developments, including the deeper integration of ServiceNow AI Control Tower and Microsoft Agent 365. He also noted extended Agentic AI governance from desktops to data centers with Project Arc, new agents secured by the NVIDIA OpenShell Runtime and governed by ServiceNow AI Control Tower, and enhanced collaboration between ServiceNow's AI native FDEs and industry-led Accenture FDEs. Furthermore, the company discussed an upcoming business model evolution featuring a conversational service desk experience with no tickets and AI-coded automation, which is currently in beta with several customers.
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  Alphabet Inc. (GOOGL) Announced Q2 2026 Earnings on July 22, 2026, Reporting "Consolidated revenues were $119.8 billion" 11.08.2026 19mnt

  Alphabet Inc. reported its second quarter 2026 results, with executive Anat Ashkenazi stating that "Consolidated revenues were $119.8 billion" for the quarter, up 24 percent year-over-year.Operating income was $40.8 billion and the operating margin was 34 percent for the second quarter.Net income and earnings per share increased significantly, primarily due to 98 billion dollars in other income and expenses from unrealized gains in the company's equity securities portfolio.Within segments, Google Services revenues reached 94.5 billion dollars, driven by Search and subscriptions, while Google Cloud revenues rose 82 percent to 24.8 billion dollars for the quarter.The company reported a negative free cash flow of 5.9 billion dollars, impacted by 44.9 billion dollars in second-quarter capital expenditures.CEO Sundar Pichai highlighted momentum in artificial intelligence, stating that "our AI investments are redefining what's possible across every part of our business". In search, the company merged AI Overviews and AI Mode into a single experience, with AI Mode surpassing 1 billion monthly active users.The Gemini app reached 950 million monthly active users, and more than 1.7 billion unique viewers watched World Cup-related videos on YouTube.Google Cloud backlog expanded by over 50 billion dollars sequentially to 514 billion dollars, driven by strong enterprise demand for Gemini Enterprise, which is now used by nearly 90 percent of the Fortune 100.Additionally, Alphabet delivered TPU systems to customer data centers for the first time in the second quarter, and Waymo introduced its newest sixth-generation driver vehicle, Ojai, to public riders.In partnerships and ecosystem developments, Target and Steve Madden went live with the open-source universal commerce protocol, while Booking Holdings expanded its multiyear cloud commitment.For future expectations, management updated its full year 2026 capital expenditures guidance range to 195 billion to 205 billion dollars, up from the previous estimate of 180 billion to 190 billion dollars, to accelerate capacity delivery.Executive Anat Ashkenazi stated that the company expects capital expenditures to "increase significantly in 2027" compared to 2026.The company also anticipates a slight foreign exchange headwind to consolidated revenue in the third quarter. To bridge near-term capacity constraints, Google Cloud plans to utilize third-party capacity in the third quarter, which is expected to create modest margin pressure, alongside near-term integration headwinds from the Wiz acquisition.
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  Amazon.com, Inc. (AMZN) Announced Q2 2026 Earnings on July 30, 2026, Reporting $200.6 billion in revenue for the quarter. 11.08.2026 22mnt

  Amazon.com, Inc. reported worldwide revenue of $200.6 billion for the second quarter of 2026, which represents a 20% increase year-over-year, or a 20% increase excluding the impact of foreign exchange.Worldwide operating income for the quarter was $27.5 billion. In the segment results, North America revenue was $116.2 billion, up 16% year-over-year, with an operating income of $9.1 billion and an operating margin of 7.9%.International segment revenue was $42.2 billion, up 15% year-over-year excluding the impact of foreign exchange, with an operating income of $1.7 billion and an operating margin of 4.1%.The AWS segment reported revenue of $42.2 billion, up 36.7% year-over-year, with AWS operating income reaching $16.6 billion for the quarter.Cash capital expenditures were $53.1 billion in the second quarter of 2026, primarily relating to AWS and generative AI.Management shared major progress on cloud performance and tech infrastructure, with CEO Andy Jassy noting that AWS is now a "$169 billion annualized revenue run rate business." Jassy also highlighted that Amazon's custom chips business has achieved an annual revenue run rate of over $25 billion, which matches the company's AI revenue run rate of over $25 billion. In physical retail operations, the number of monthly active perishables customers grew over 50% since the start of the year.For capital planning, the company plans to invest approximately $220 billion in cash capital expenditures in 2026, up from their prior estimate of about $200 billion due to the higher cost of memory.Additionally, the company stated that Amazon Leo is close to 400 satellites in orbit, which is enough to begin initial satellite internet service this year.Several new agentic AI products and updates were highlighted, including Bedrock AgentCore, AWS Continuum, and Amazon Quick. In terms of major infrastructure partnerships, Jassy confirmed that Anthropic and OpenAI have made multiyear, multi-gigawatt commitments to Trainium, and that Graviton is used by 98% of the top 1,000 EC2 customers.Looking forward to the third quarter of 2026, management expects net sales to be between $197 billion and $202 billion, and operating income is expected to be between $22.5 billion and $26.5 billion.
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  Spotify Technology S.A. (SPOT) Announced Q2 2026 Earnings on August 4, 2026, Reporting "Total revenue was EUR 4.8 billion" 11.08.2026 19mnt

  Spotify Technology S.A. reported financial results for the second quarter of 2026.Management reported that "Total revenue was EUR 4.8 billion" for the quarter, growing 15% year-over-year.The company's "operating income of EUR 655 million" was EUR 25 million above guidance, delivering an "operating margin of 13.7%" for the quarter.Additionally, "free cash flow was EUR 797 million in the quarter" and "Gross margin hit a record of 33.4%". On the user side, the company ended the quarter with 777 million monthly active users and surpassed its subscriber guidance, adding 7 million net subscribers to reach 300 million subscribers for the first time.To turn monthly active user outperformance into revenue, management discussed a strategy of adjusting product optimization and ad load in select emerging markets, noting that this carefully increases friction in the free service to drive higher user conversion down the line. In addition, the company's automated sales channels represented nearly 40% of ad-supported revenue in the second quarter.The company announced a licensing agreement with Merlin, the digital licensing partner for independent labels, to make their catalogs available for its music remix and cover product.Furthermore, the company highlighted the success of its ticketing feature, Reserved, which launched in the United States with Live Nation and has supported multiple tours with nearly 100,000 tickets reserved through Spotify.Management emphasized their investments in AI-driven personalization, noting that AI-powered experiences like DJ are used by roughly 1/4 of active users.They discussed their Large Taste Model, which learns from 3.4 trillion daily user events and has improved retention metrics.Features like SongDNA have been used by more than 100 million subscribers, and the add-on Audiobooks+ passed $100 million in annual recurring revenue. On the engineering side, the company utilizes internal AI tools Honk and Chirp to increase developer productivity, with revenue per employee on track to double while headcount remains flat.For the third quarter of 2026, Spotify provided forward guidance forecasting monthly active users of 788 million and subscribers of 305 million, representing net additions of 5 million subscribers.The company is forecasting total revenue of approximately EUR 5 billion and guiding to operating income of EUR 670 million.Management anticipates a third quarter gross margin of 32.9%.While the company does not provide full year guidance for gross margin or operating margin, it expects both metrics to improve in 2026 on a full year basis, along with meaningful year-over-year growth in free cash flow.
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  Tesla, Inc. (TSLA) Announced Q2 2026 Earnings on July 22, 2026, Reporting net income was "positively impacted by a mark-to-market gain of $1 billion on our SpaceX holdings" for the quarter 11.08.2026 18mnt

  During the second quarter of 2026, Tesla achieved record deliveries, with sequential growth across the Americas, APAC, and EMEA of 60%, 27%, and 12%, respectively.Automotive gross margins, excluding regulatory credits, declined sequentially from 19.2% to 16.3%, though management noted margins would have been approximately flat when controlling for a $230 million benefit from the prior quarter. In the energy storage business, Q2 deployments reached 13.5 gigawatt hours, representing a "53% sequential increase," while energy gross margins fell from 39.5% to 20.4% in the quarter.Free cash flow for the quarter was negative, driven by Capital Expenditures that more than doubled sequentially.Net income for the quarter was "positively impacted by a mark-to-market gain of $1 billion on our SpaceX holdings, which was offset by losses on FX of approximately $300 million and on Bitcoin of about $100 million."For its Full Self-Driving product, Tesla's attach rates continued to rise, reaching "nearly 1.5 million paid customers globally," consisting of "55% upfront purchases and the remaining 45% is subscriptions." The Tesla Robotaxi fleet expanded to a total of 7 markets in the United States, having driven "more than 380,000 miles of unsupervised robotaxi, now across 6 cities in 2 different states" with "0 notable incidents." Production has commenced for the Cybercab, while the Optimus production line is being built in Fremont "in place of what used to be the Model S, X production." CEO Elon Musk stated that "Optimus will follow the sort of normal S-curve of a manufacturing ramp, but the initial portion of the S-curve will be quite flat and long." Additionally, the company began production of the Tesla Semi truck and is preparing to begin production of "Megapack 3" and solar cells.Looking ahead, Tesla continues to expect Capital Expenditures for this year to be "more than $25 billion," with CapEx projected to grow for the next 2 or 3 years to expand the robotaxi fleet, Optimus production capacity, and other infrastructure. To accelerate these investments, Tesla is securing debt facilities to "borrow up to $30 billion." The company plans to announce a location for its "Terafab" chip initiative soon to support Optimus, which requires solving "memory, logic and packaging" to prevent AI chip constraints.Tesla is also deploying a "Megapod" design to scale AI compute using "disaggregated electricity production." On the semiconductor roadmap, Tesla expects an upgraded AI4 chip and the new AI5 chip to reach volume production "around the middle of next year," and is designing the "Tesla AI6 chip."📊 I can generate an updated financial summary table for Q2 2026 comparing these key metrics to Q1 2026, or create a visual chart showing the sequential trend of Tesla's automotive vs. energy margins.
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  Coupang, Inc. (CPNG) Announced Q2 2026 Earnings on August 4, 2026, Reporting "total net revenues of $8.9 billion" for the quarter. 11.08.2026 19mnt

  Coupang, Inc. reported consolidated financial results for the second quarter of 2026.Total net revenues for the quarter were $8.9 billion, representing growth of 4 percent on a reported basis and 10 percent in constant currency.Consolidated gross profit for the quarter was $2.5 billion, with a gross profit margin of 28.2 percent, which contracted 188 basis points year-over-year but expanded 115 basis points quarter-over-quarter.Operating loss for the quarter was $556 million, which included $410 million in administrative fines recently imposed by Korean regulatory authorities.Excluding the fines, the adjusted operating loss for the quarter was approximately $146 million.Net loss attributable to Coupang's stockholders for the quarter was $570 million, or approximately $160 million excluding the fines, resulting in a diluted loss per share for the quarter of $0.32, or approximately $0.09 excluding the fines.Consolidated adjusted EBITDA for the quarter, which excludes the fines, was $163 million with an adjusted EBITDA margin of 1.8 percent. On a trailing 12-month basis, the company generated operating cash flow of $1.4 billion and free cash flow of $105 million.Additionally, Coupang repurchased an additional 23 million shares of its Class A common stock during the quarter for approximately $459 million.In terms of segment performance and business updates, Product Commerce net revenues reached $7.4 billion for the quarter, growing 1 percent on a reported basis and 8 percent in constant currency.Segment active customers for the quarter grew 3 percent year-over-year to 24.7 million.Management noted that total WOW membership has recovered and now "exceeds its levels before the incident" following the prior year's data disruption.Developing Offerings segment net revenue was $1.4 billion for the quarter, growing 20 percent on a reported basis and 24 percent in constant currency.This segment's adjusted EBITDA losses for the quarter were $219 million, showing an improvement of $110 million compared to the previous quarter. In Taiwan, Coupang continues to expand its end-to-end network, delivering the vast majority of shipments next-day and launching its Dawn Delivery experience in its first neighborhood.For on-demand delivery, the company's food delivery service Eats in Korea and Rocket Now in Japan are now "sustainable on a combined basis". Management also addressed a July fire at a fulfillment center in Korea, estimating the total carrying value of owned assets and seller obligations at "approximately $246 million" but stating that it has not had a significant impact on revenue or customer demand.Looking ahead, Coupang provided forward guidance for the third quarter of 2026 and the full year.The company expects consolidated constant currency revenue growth of 8% to 9% for the third quarter of 2026, with year-over-year comparisons pressured by the timing of the Chuseok holiday season in Korea. On margins, Coupang anticipates a consolidated year-over-year adjusted EBITDA margin contraction of 300 to 400 basis points in the third quarter of 2026 due to weather-related seasonality and holiday timing.Over the longer term, management expects Product Commerce adjusted EBITDA margins to return to pre-incident levels by mid-2027.For the Developing Offerings segment, Coupang continues to estimate full year adjusted EBITDA losses of between $950 million and $1 billion for 2026, primarily driven by long-term investments in Taiwan.🎧 We can turn these Q2 results into a polished audio overview debating Coupang's post-incident recovery efforts and the trajectory of their Taiwan investments.
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  Novo Nordisk A/S (NVO) Announced Q2 2026 Earnings on August 5, 2026, Reporting "adjusted sales increased by 7% at constant exchange rates, reaching DKK 78.5 billion" for the Quarter 10.08.2026 22mnt

  Novo Nordisk A/S reported its financial results for the second quarter of 2026, with Chief Financial Officer Karsten Knudsen stating that "adjusted sales increased by 7% at constant exchange rates, reaching DKK 78.5 billion" for the quarter.Knudsen noted that the adjusted gross margin for the second quarter was realized at 78.2 percent, compared to 82.7 percent in the second quarter of 2025.This gross margin decline reflected "lower realized prices, onetime cost of around DKK 3 billion related to rightsizing of manufacturing capacity agreements as well as a negative currency impact." Adjusted operating profit "increased by 11% at constant exchange rates" for the quarter.Additionally, the company is ahead of schedule to deliver DKK 8 billion in savings from its company-wide transformation announced back in the third quarter of 2025, with its workforce decreasing by almost 12,000 employees over the past 12 months to around 66,700 full-time employees.Operationally, CEO Mike Doustdar highlighted that Novo Nordisk is "serving more than 46 million people living with obesity and diabetes" and "treating almost 70% more people living with obesity compared to just a year ago." The rollout of the oral Wegovy Pill has expanded, with Doustdar reporting that "we now have around 1.5 million people on the Wegovy Pill worldwide." In the United States, Jamey Millar noted that the Wegovy Pill "captured around 90% of the oral obesity medication market." In research and development, Martin Lange shared results from the Phase III ZEUS cardiovascular outcome trial of ziltivekimab, explaining that while the treatment "did not translate into MACE reductions with a hazard ratio of 0.99," the company remains committed to cardiovascular disease research.Lange also noted that in the REIMAGINE 4 trial, "CagriSema demonstrated non-inferiority versus tirzepatide for weight reduction but not for A1c reduction" at 68 weeks.For the full year 2026 guidance, Karsten Knudsen stated that "we have raised our guidance again." The company now expects adjusted sales growth to be "0% to minus 6% at constant exchange rates" for the full year 2026.This outlook reflects expectations for sales growth in International Operations and "expectations for sales decline within U.S. operations." Adjusted operating profit growth for the full year 2026 is also expected to be "0% to minus 6% at constant exchange rates," reflecting the improved sales outlook combined with targeted investments in research and development and commercial opportunities.🎙️ I can help you draft a funny and detailed podcast script with Morgan Moonshot and Bobby Beatdown based on these latest results if you want to move forward with the comedy show concept.
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  Microsoft Corporation (MSFT) Announced Q4 2026 Earnings on July 29, 2026, Reporting "revenue was $90 billion, up 18% and 17% in constant currency" for the quarter. 10.08.2026 11mnt

  For the fourth quarter of fiscal year 2026, Microsoft Corporation reported that "revenue was $90 billion, up 18% and 17% in constant currency" for the quarter.Gross margin dollars increased 15% and operating income increased 18% for the quarter.Earnings per share was "$4.74, an increase of 23% when adjusted for the impact from our investment in OpenAI" for the quarter.Company gross margin percentage was "67%, down year-over-year" for the quarter, while operating margins "increased slightly year-over-year to 45%" for the quarter.For the full fiscal year 2026, annual revenue surpassed "$331 billion, up 18%," Microsoft Cloud surpassed "$214 billion, up 27%," and Azure surpassed "$100 billion, up 41%." Cash flow from operations was "$55.4 billion, up 30%" for the quarter, while capital expenditures were "$41 billion" for the quarter.Chief Executive Officer Satya Nadella outlined the company's two core goals going forward: "ensuring AI empowers every person, amplifying their agency, and ambition; and second, empowering every organization to build their own continuous learning loop and ensuring that they don't outsource their core IP." To meet accelerating demand, Microsoft added "31 new data centers across 5 continents this quarter" and "another gigawatt of capacity this quarter" to expand its footprint. In product developments, Microsoft 365 Copilot paid seats are "now over 30 million, with net seat adds more than doubling quarter-over-quarter," and GitHub Copilot has "50 million users" with Copilot revenue accelerating "over 60% quarter-over-quarter." The company also launched Microsoft Frontier Co., which will embed "6,000 industry and engineering experts with customers" to co-design AI systems.Microsoft also announced a partnership with Mistral to bring its models to Microsoft Sovereign Cloud.For the first quarter of fiscal year 2027, Microsoft expects total company revenue to be "between USD 89.85 billion and USD 90.95 billion or growth of 16% to 17%." Azure revenue growth for the first quarter is expected to be "approximately 45% in constant currency," and capital expenditures are expected to be "over $50 billion." For the full fiscal year 2027, Microsoft expects "another fiscal year of double-digit revenue and operating income growth," while capital expenditures "will grow year-over-year." Operating margins for the full fiscal year 2027 are expected to be "down less than 1 point."
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  Uber Technologies, Inc. (UBER) Announced Q2 2026 Earnings on August 5, 2026, Reporting "non-GAAP EPS growing 35% year-over-year" 10.08.2026 21mnt

  Uber Technologies, Inc. reported that for the second quarter of 2026, gross bookings grew 22% year-on-year to more than $58 billion, marking the company's fourth consecutive quarter above 20% growth. CEO Dara Khosrowshahi announced that non-GAAP EPS grew 35% year-over-year, and trailing 12-month free cash flow exceeded $10 billion for the first time in the company's history. CFO Balaji Krishnamurthy noted that the mobility operating income margin remained strong at 7.6% for the quarter.Additionally, Uber bought back about $3.5 billion of its stock during the first half of the year and deployed about $4 billion of capital in the second quarter towards market purchases of Delivery Hero stock.Management highlighted several key priorities and strategic initiatives, including its recently announced agreement to acquire Delivery Hero, which is expected to expand Uber's reach to nearly 100 markets and double the number of markets where it can offer both mobility and delivery services. On the autonomous vehicle front, the company is aiming to become the world's leading commercialization platform for autonomous vehicles.Uber is currently live in 7 cities and is on track to be live in 15 cities with autonomous vehicles by the end of the year.The company is also seeing strong growth in sparse markets and suburbs in the United States, where less than 10% of eligible consumers have used Uber in the past 12 months, compared to over 50% in dense markets.Furthermore, developer productivity is being accelerated through the near 100% adoption of AI-based coding tools among engineers, resulting in a doubling in the code output per engineer.In terms of future plans and partnerships, Uber plans to spend 2028 on planning and development for the Delivery Hero integration, assuming the transaction closes in the second half of 2027, with primary migrations scheduled for 2029. In autonomous vehicles, Uber announced upcoming launches including Nuro Lucid in the Bay Area, Zoox in Las Vegas, Wayve in London and Tokyo, Baidu in London, and Pony and Verne in Zagreb.The company also expects to deploy vehicles with Rivian in San Francisco and Miami in 2028.Uber is selectively using its balance sheet to bootstrap the autonomous vehicle infrastructure, aiming to deliver 120,000 vehicle commitments over the next few years. On the product side, Uber is driving consumer engagement through artificial intelligence features like Cart Builder, which has produced carts often twice the size of non-AI built carts, and personalized destination suggestions, which represent three-quarters of Uber's rides.
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  MercadoLibre, Inc. (MELI) Announced Q2 2026 Earnings on August 5, 2026, Reporting "Net revenue surpassed $10 billion for the first time, growing 50% year-on-year" 10.08.2026 19mnt

  MercadoLibre, Inc. reported its Q2 2026 financial results, announcing that "Net revenue surpassed $10 billion for the first time, growing 50% year-on-year" for the quarter.The company delivered "Income from operations was $683 million, with a margin of 6.7%". Management explained that the quarter's EBIT margin "was down 550 basis points year-on-year" as they continue to "prioritize long-term strategic investments over short-term profitability." The company also reported that it "generated $214 million in adjusted free cash flow for the quarter" after absorbing "capital expenditure of $441 million" and investing "$2.1 billion into the growth of our credit book."Key business updates highlighted the performance of the company's credit and commerce segments.The credit portfolio reached "$16.4 billion in Q2, growing 75% year-on-year" with a "15- to 90-day NPL in Q2 was 7.0% for the total portfolio and 4.6% for the credit card specifically." In Brazil, "items per buyer grew 19% year-on-year in Q2" following the decision last year to lower the free shipping threshold, and conversion in Brazil increased by "1.1 percentage points year-on-year." In the cross-border trade segment, GMV grew "approximately at 60% year-over-year" while volume coming from the Chinese fulfillment center increased "170% quarter-over-quarter."The company also highlighted its progress with artificial intelligence initiatives and the affiliate channel.MercadoLibre "invested about $80 million on AI this quarter compared to a year ago" and reported that its product development scaled from "8.4% of revenues to 7.2% of revenues year-on-year." The company noted that the affiliate GMV share grew across every market in Q2, with affiliate buyers demonstrating "materially higher platform retention than non-affiliate buyers." No specific quantitative forward financial guidance figures were provided during the call, as management reiterated their standard long-term focus.
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  Axon Enterprise, Inc. (AXON) Announced Q2 2026 Earnings on August 5, 2026, Reporting Revenue of $904 million, up 35% year-over-year for the Quarter. 10.08.2026 15mnt

  In the second quarter of 2026, Axon Enterprise, Inc. reported revenue of $904 million for the quarter, which represents an increase of 35% year-over-year.Software & Services revenue increased 36% year-over-year to $398 million for the quarter, with the AI Era Plan growing "almost 700%". Connected Devices revenue grew 35% to $507 million for the quarter, and Platform Solutions revenue grew 123%
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  Airbnb, Inc. (ABNB) Announced Q2 2026 Earnings on August 6, 2026, Reporting "Revenue grew 17% year-over-year to $3.6 billion" for the Quarter. 10.08.2026 20mnt

  Airbnb, Inc. reported its financial results for the second quarter of 2026.Chief Financial Officer Ellie Mertz reported that for the Quarter, revenue "grew 17% year-over-year to $3.6 billion," which "exceeded the high end of our outlook". For the Quarter, she stated that "net income was $816 million" and "adjusted EBITDA was $1.3 billion, representing an adjusted EBITDA margin of 35%". This was driven by cost efficiencies that led to an "adjusted EBITDA margin expansion of over 100 basis points compared to last year". Additionally, "Gross booking value grew 16% year-over-year to $27.2 billion" for the Quarter.The company continued to deliver significant cash flow, reporting "$1.3 billion of free cash flow in Q2". Over the trailing 12 months, the company "generated $4.8 billion of free cash flow, representing a free cash flow margin of 37%". During the Quarter, Airbnb also "purchased $1.1 billion of our common stock".Chief Executive Officer Brian Chesky explained that the company has "rebuilt Airbnb from the ground up to be an AI-native company". Key operational initiatives include "Reserve Now, Pay Later," which accounted for "over 20% of our total GBV" booked during the Quarter.The company also expanded the "migration of API host to a single service fee" which is expected to be completed by year-end and currently applies to "Approximately half of our active listings". For customer support, the company's AI assistant is available in "more than 50 languages," with "Nearly 45% of issues that start with our AI assistant" now being resolved without a human agent.This helped customer support cost per booking decline "about 16% year-over-year" for the Quarter.Chesky also highlighted the company's "event strategy," noting that as an official tournament partner for the World Cup, "more than 150,000 homes across host cities were listed on Airbnb for the first time". The company is expanding this playbook to other events including the Olympics, the Tour de France, Art Basel fairs, Lollapalooza, La Liga in Spain, and NASCAR.In terms of new products and services, Chesky noted that the company expanded "Airbnb Services across grocery delivery, car rentals, airport pickups and luggage storage" and recently introduced "resort passes" giving day access to hotels.Among these, Chesky noted that "car rentals is going to be the biggest one by far," with the reservation length being "longer than the average length of Airbnb stay". During the Quarter, the company also added "1,000 new Experiences across the most in-demand categories, increasing supply by nearly 80% year-over-year". In accommodations, Airbnb added "thousands of boutique and independent hotels". While hotels represent a "single-digit percentage of nights booked," hotel nights are growing "approximately 3x faster than our homes business" and "Roughly 35% of first-time hotel guests returned to Airbnb to book a home".For future guidance, Mertz stated that in the third quarter of 2026, Airbnb expects to "generate revenue of $4.69 billion to $4.77 billion, representing year-over-year growth of 15% to 17%". For the third Quarter, the company expects "year-over-year GBV growth to be in the mid-teens" and expects "adjusted EBITDA to increase year-over-year and for adjusted EBITDA margin to be down slightly compared to Q3 2025". For the full year 2026, the company is "raising our revenue and adjusted EBITDA outlook". Airbnb now expects "year-over-year revenue growth to improve to at least mid-teens" and expects its full-year "adjusted EBITDA margin to be at least 35.5%".🎧 We could generate an updated audio overview debate between Morgan Moonshot and Bobby Beatdown based on these new Q2 2026 results if you would like to hear them discuss these numbers.
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  Datadog, Inc. (DDOG) Announced Q2 2026 Earnings on August 6, 2026, Reporting "revenue was $1.12 billion, an increase of 36% year-over-year" 10.08.2026 20mnt

  Datadog, Inc. reported its financial results for the second quarter of fiscal year 2026.For the second quarter, revenue was $1.12 billion, representing an increase of 36% year-over-year.Second quarter gross profit was $892 million for a gross margin of 79.6%.Second quarter non-GAAP operating income was $257 million, representing a 23% operating margin.Additionally, the company generated second quarter free cash flow of $279 million with a free cash flow margin of 25%.Olivier Pomel, Co-Founder and CEO, stated that "revenue growth in Q2 has accelerated across our customer base," with non-AI customer revenue growth accelerating to the "high 20s percent year-over-year, up from the mid-20s last quarter and 18% in the year ago quarter."In terms of product and platform adoption, Pomel stated that "58% of our customers now use 4 or more products, up from 52% a year ago" and "13% of our customers use 10 or more products, up from 7% a year ago." At the DASH user conference in June, the company announced "over 100 exciting new products and features," including the expansion of Bits AI to "accelerate and automate the DevOps loop." The company also introduced "Bring Your Own Cloud, or BYOC" to allow customers to run the full Datadog experience on logs within their own infrastructure, as well as "Infinite Cardinality Metrics." Additionally, Pomel highlighted that "over 750 AI customers use Datadog to monitor and improve their tech stacks" and "all 10 of the top 10 AI leaders are Datadog customers."For future outlook, Datadog provided guidance for the third quarter of 2026, expecting third quarter revenue "to be in the range of $1.135 billion to $1.145 billion, which represents a 28% to 29% year-over-year growth," and third quarter non-GAAP operating income "to be in the range of $260 million to $270 million." For the full fiscal year 2026, the company expects full fiscal year revenue "to be in the range of $4.45 billion to $4.47 billion, which represents a 30% year-over-year growth," and full fiscal year non-GAAP operating income to be in the range of $1.01 billion to $1.03 billion.Chief Financial Officer David Obstler noted that "Regarding our largest customer, we have seen a usage reduction, which is incorporated in our Q3 and full year 2026 guidance." Pomel added that they "did chose to fully derisk our largest customer" to ensure this change does not overshadow the acceleration seen elsewhere in the business.
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  UnitedHealth Group Incorporated (UNH) Announced Q2 2026 Earnings on July 16, 2026, Reporting "Total revenues were $112 billion" 16.07.2026 9mnt

  UnitedHealth Group Incorporated reported its second quarter 2026 results.Management stated, "Total revenues were $112 billion" for the quarter.The company reported "adjusted earnings per share of $6.38" for the quarter and "operating earnings of $8 billion" which "grew 55% year-over-year". Management noted, "Our reported medical care ratio of 86.7% includes $860 million of net favorable prior period medical development". Furthermore, the quarter was supported by "Operating cash flows in the quarter were approximately $11 billion or 1.9x net income".Executives highlighted progress across segments, noting that UnitedHealthcare "exceeded expectations, driven by better results in Medicare Advantage, while commercial benefits remain pressured". In the commercial business, management is seeing a "medical cost trend modestly above 11%" which they attribute to "the independent resolution process under the No Surprises Act" and "more aggressive billing practices among providers". At Optum, management noted "building momentum from Optum Health as the business recenters back to its integrated value-based care delivery model".Regarding forward guidance, management provided a "new adjusted earnings per share guidance range of $19.50 to $20" for the full year.The company is also "increasing the full year operating earnings outlook for UnitedHealthcare to at least $12 billion and for Optum Health to at least $2.2 billion". Management now expects "a full year medical care ratio of 88.1%, plus or minus 25 basis points". The company also expects "to complete total share repurchases of at least $5 billion in 2026".Management discussed technology and AI initiatives across the enterprise.They highlighted that "digital prior authorization powered by AI" is "producing 96% first pass approval". In notable announcements, management noted that on July 2, the company "successfully closed the previously announced combination with Alegeus" and announced a new Optum Rx "pharmacy care approach based on a monthly per member fees with full PBM and GPO fee transparency".
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  Taiwan Semiconductor Manufacturing Company Limited (TSM) Announced Q2 2026 Earnings on July 16, 2026, Reporting "revenue of USD 40.2 billion". 16.07.2026 17mnt

  Taiwan Semiconductor Manufacturing Company Limited reported its financial results for the second quarter of 2026.Management stated they concluded the second quarter with "revenue of USD 40.2 billion". Second quarter gross margin was 67.7%.Advanced technology accounted for 77% of wafer revenue.The company noted that 2-nanometer process technology contributed 3% of wafer revenue in the second quarter, while 3-nanometer, 5-nanometer and 7-nanometer accounted for 30%, 33% and 11% respectively.High performance computing increased 20% quarter-over-quarter to account for 66% of second quarter revenue.Regarding business updates, management highlighted that "AI-related demand continues to be extremely robust". They noted that the emergence of Agentic AI is leading to a resurgence in the role of CPUs in AI data centers. To support strong structural demand, the company decided to raise its full year 2026 capital budget to be "between USD 60 billion and USD 64 billion". The company also announced "an additional USD 100 billion investment in Arizona" to build several more semiconductor wafer fabs for 2-nanometer and below technologies as well as advanced packaging fabs.Furthermore, management provided an update on A14 technology, stating development is on track and volume production is scheduled for 2028.Management also introduced A13 and A12, which are scheduled for volume production in 2029.For forward guidance, management expects third quarter revenue to be between USD 44.6 billion and USD 45.8 billion.Based on an exchange rate assumption of USD 1 to TWD 32, third quarter gross margin is expected to be between 65% and 67%, and operating margin between 56% and 58%.Management noted that the steep ramp-up of 2-nanometer technology is expected to dilute gross margin by about 3 to 4 percentage points in the second half of the year.For the full year 2026, the company now expects revenue growth to be "slightly above 40% year-over-year in U.S. dollar terms".
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  J.B. Hunt Transport Services, Inc. (JBHT) Announced Q2 2026 Earnings on July 15, 2026, Reporting "total revenue increased 19%". 15.07.2026 20mnt

  On a GAAP basis for the second quarter, "total revenue increased 19%, operating income improved 32% and diluted earnings per share improved 45% compared to the prior year period". Management reported that over the past year, the company has "removed over $135 million of structural costs". During the quarter, the Intermodal segment set a "quarterly volume record with over 578,000 loads", with volumes up 10% year-over-year. In the Highway businesses, JBT reported a fifth consecutive quarter of double-digit volume growth, with revenue increasing 35%, but "gross profit dollars declined 12% primarily due to higher purchased transportation rates".The company experienced strong demand as truckload capacity continued to tighten. As noted by management, "several industry indicators, including higher tender rejections, higher spot pricing and lower driver employment move towards levels not seen since 2021 and 2022". Final Mile demand remained stable across core end markets of furniture, exercise equipment, and appliances.The Dedicated Contract Services segment reported that its pipeline is "currently at a record level in terms of number of trucks" as the tightening market drove increased customer interest.Management also highlighted challenges with driver availability, stating there are "specific markets that are as tight as we have ever seen".Regarding forward expectations, the Dedicated Contract Services segment remains confident it will achieve its "full year target for gross truck sales of 1,000 to 1,200 new trucks". Management maintained its expectation that it would return to fleet growth this year while achieving "only modest operating income growth for 2026". For the Intermodal segment, management expects pricing to improve, stating they "anticipate certainly closing that gap" between Intermodal and truckload rates as the year progresses and new business is brought on.
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  Johnson & Johnson (JNJ) Announced Q2 2026 Earnings on July 15, 2026, Reporting "Worldwide sales were $25.3 billion for the quarter." 15.07.2026 16mnt

  Johnson & Johnson reported its second quarter 2026 financial results, stating that worldwide sales were $25.3 billion for the quarter, which represents a sales increase of 5.6 percent.Net earnings for the quarter were $5.5 billion, with diluted earnings per share of $2.27.Adjusted net earnings reached $7.1 billion for the quarter, and adjusted diluted earnings per share were $2.90.The company reported a year-to-date free cash flow totaling approximately $8.7 billion.Innovative medicine delivered operational sales growth of 6.8 percent in the quarter, while overall cardiovascular grew 3.1 percent and surgery grew 2.3 percent.Executives emphasized that they continue to prioritize investments with a focus on supporting commercial launches and advancing future innovation.Management highlighted that they have a broad durable portfolio featuring 28 platforms that each generate more than $1 billion in annual revenue.The company noted that acquisitions are an enabler of growth, but they are not a requirement to deliver on their near- and long-term objectives.Management remains confident that the foundation gives them a clear line of sight to double-digit growth by the end of the decade.In the product pipeline, DARZALEX continued to be the company's largest product, delivering quarterly sales of more than $4 billion and growing close to 18 percent. TREMFYA delivered overall sales growth of 71 percent in the quarter.Furthermore, the company anticipates FDA approval for the OTTAVA robotic surgical system and plans to launch both OTTAVA and Monarch for urology this year.The company also pointed to the momentum of recent launches including ICOTYDE, INLEXZO, and RYBREVANT, noting that more than 10,000 patients have initiated therapy on ICOTYDE.For the full year 2026, management is increasing operational sales growth guidance by $400 million, expecting a range of 6.5 percent to 7.1 percent with a midpoint of $100.6 billion.The company expects full year reported sales growth of 7.0 percent to 7.6 percent, with a midpoint of $101.1 billion.The company also raised its full year adjusted operational earnings per share range to $11.50 to $11.65, and reported earnings per share for the full year is projected to be between $11.60 and $11.75.