The Earnings Debate

Episódios

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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 9min

  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 17min

  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 20min

  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 16min

  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.
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  Elevance Health, Inc. (ELV) Announced Q2 2026 Earnings on July 15, 2026, Reporting "Operating revenue totaled $49.8 billion" for the Quarter. 15.07.2026 19min

  Elevance Health reported second quarter operating revenue that totaled $49.8 billion.Second quarter adjusted diluted earnings per share were $7.45.Operating cash flow totaled $1.9 billion in the quarter, and days in claims payable were 45.4 days as of June 30.During the quarter, the company recorded a net below-the-line benefit of $0.80 per share, which management intends to use to fund one-time investments in the second half of the year.President and CEO Gail Boudreaux highlighted that the company is accelerating investments in capabilities tied to earlier detection of medical cost trend, more precise clinical intervention, a simpler member experience, and better provider connectivity.Management noted they are utilizing Sydney Health to improve how members access care and are expanding Carelon value-based solutions like CareBridge, which can generate medical savings in the mid-teens for members. In its Medicaid business, Elevance Health recently reached a mutual agreement to exit the District of Columbia Medicaid market and expects to exit additional Medicaid markets over the next 12 to 18 months where they do not see a path to sustainable performance.Additionally, the company made an initial remittance to CMS of $342 million in the second quarter and subsequently received written confirmation that sanctions will not be imposed and the matter is closed.Looking forward, Elevance Health raised its full year 2026 adjusted diluted earnings per share guidance to at least $27.For 2027, the company remains confident in returning to at least 12% adjusted EPS growth based off a revised 2026 earnings baseline of at least $26.Management also raised its full year operating cash flow outlook to at least $6 billion.The company maintained its full year Medicaid operating margin outlook of approximately negative 1.75%, while noting they remain on track to achieve an operating margin of at least 2% in the Medicare Advantage business this year.
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  ASML Holding N.V. (ASML) Announced Q2 2026 Earnings on July 15, 2026, Reporting "total net sales were EUR 9.3 billion" 15.07.2026 18min

  For the second quarter of 2026, ASML reported that "total net sales were EUR 9.3 billion". Management noted that "Gross margin for the quarter was above our guidance at 54%". The company stated that "Net income in Q2 was EUR 2.9 billion" and resulted in "earnings per share of EUR 7.59". ASML additionally reported that "free cash flow in Q2 was EUR 1.3 billion".During the call, management highlighted that "Strong end market demand this year has motivated our customers to aggressively add capacity on their leading-edge nodes". Looking ahead to 2027, ASML stated they are "planning to increase our low NA EUV capacity by around 30%" and are also "investigating a further 30% capacity increase" for 2028. In notable product milestones, ASML announced that "Intel foundry is using ASML High NA EUV technology on the Intel 18A process node to produce a subset of its Intel core Ultra-series reprocessors".Providing forward guidance, management shared that they "expect Q3 total net sales to be between EUR 11 billion and EUR 12 billion" and that "Gross margin for Q3 is expected to be between 55% and 57%". For the full year 2026, ASML is "updating our full year 2026 guidance" and now expects "total net sales between EUR 43 billion and EUR 45 billion, with a gross margin between 54% and 56%". Management also expects "memory-related net system sales to grow by over 75% this year".
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  The Goldman Sachs Group, Inc. (GS) Announced Q2 2026 Earnings on July 14, 2026, Reporting "record revenues of $20.3 billion". 14.07.2026 19min

  The Goldman Sachs Group, Inc. reported second quarter 2026 "record revenues of $20.3 billion, record earnings per share of $20.98 and an ROE of 23.5% and an ROTE of 25.5%". For the second quarter, management stated "Global Banking & Markets revenues were a record $15.5 billion in the second quarter". Additionally, "Asset & Wealth Management revenues were up 20% year-over-year to $4.6 billion" in the second quarter.The company also noted that "firm-wide net interest income was $4 billion in the second quarter" and "Total operating expenses were $11.7 billion for the quarter".During the quarter, management highlighted that "total assets under supervision ended the quarter at a record $4 trillion," which was "supported by $91 billion of long-term net inflows across asset classes". Executives noted that the "investment banking backlog increased to its highest level in 5 years". The firm also reported "record equities intermediation revenues of $4.2 billion" which "increased 60% year-over-year," and mentioned that they "repurchased $4 billion of common stock in the quarter".Regarding forward guidance and strategic themes, management stated "we now expect full year fundraising to exceed $125 billion". For Platform Solutions, they "expect quarterly revenues for the remainder of the year to be broadly consistent with the second quarter". Executives noted that for the full year, "we continue to expect an effective tax rate of approximately 20%". Management also shared that they "expect these fees to increase materially for the remainder of the year" regarding incentive fees.In notable announcements, the firm was "appointed to manage both Verizon and Lockheed Martin's retirement plans, which collectively represents $70 billion in assets under supervision". The company also highlighted their recent advisory work, "acting as a lead left bookrunner on the record-breaking IPO for SpaceX and equity raise for Alphabet". Management additionally mentioned their "recent acquisitions, Industry Ventures and Innovator are both showing solid momentum in the first few months of integration".
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  Wells Fargo & Company (WFC) Announced Q2 2026 Earnings on July 14, 2026, Reporting "Revenue grew 9% from a year ago." 14.07.2026 11min

  Wells Fargo & Company reported its second quarter 2026 results.Chief Executive Officer Charles Scharf stated, "We grew diluted earnings per share to $2 in the second quarter, up 25% from a year ago." He also noted that "Revenue grew 9% from a year ago." Chief Financial Officer Michael Santomassimo added that "Our earnings increased 17% from a year ago to $6.4 billion." Santomassimo highlighted that "Net interest income increased $609 million or 5% from a year ago" and the company saw "broad-based growth in noninterest income up $1.2 billion or 13% from a year ago."Scharf emphasized the success of the company's efficiency initiatives, indicating this is the "24th consecutive quarter" of headcount reductions.During the first half of the year, the company "returned over $9.8 billion of capital to shareholders". In the Wealth and Investment Management division, the company "launched Advisor Gateway, a new desktop technology with Gen AI capabilities". The auto business continued its momentum, driven in part by "becoming the preferred financing provider for Volkswagen and Audi vehicles in the U.S."Regarding the 2026 outlook, Santomassimo stated the company is "maintaining our guidance of $50 billion, plus or minus of net interest income for the full year". He further clarified they "still expect net interest income, excluding markets to be approximately $48 billion for the full year" and "still expect markets NII to be approximately $2 billion in 2026". Finally, he confirmed the expense outlook remains unchanged, stating they "still expect 2026 noninterest expense to be approximately $55.7 billion".
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  JPMorgan Chase & Co. (JPM) Announced Q2 2026 Earnings on July 14, 2026, Reporting "net income of $16.9 billion" 14.07.2026 21min

  JPMorgan Chase & Co. reported second quarter 2026 "net income of $16.9 billion", "EPS of $6.14", and an "ROTCE of 23%". Excluding significant items, quarter revenue was up 15% year-on-year.Expenses for the quarter of $27.3 billion were up 15% year-on-year.Credit costs for the quarter were $2.5 billion, featuring net charge-offs of $2.4 billion and a net reserve build of $149 million.The standardized CET1 ratio ended the quarter at 14.1%.Management also highlighted that the Board intends to increase the quarterly dividend to $1.65 per share effective in the third quarter.Management discussed key business and leadership updates, including the elevation of Doug and Troy to co-Presidents.Executives highlighted artificial intelligence as a major strategic priority, noting there are almost 1,000 use cases today across risk, fraud, marketing, hedging, and prospecting.They anticipate that AI will bring huge efficiency to certain parts of the firm and noted they are preparing for meaningful acceleration in token expense in the second half of the year. On the consumer side, the firm refreshed the Sapphire Preferred card and outlined its European consumer banking aspirations.Management noted Chase U.K. has almost 3 million or 2.5 million customers, the firm has opened in Berlin, and they hold the dream of a pan-European successful digital bank.Management also mentioned testing a Smart Cash tool to compete for investment and deposit business.For the full year 2026 outlook, the firm now expects net interest income excluding markets to be about $96.5 billion and total net interest income to be approximately $105.5 billion.The new adjusted expense outlook for the full year is about $107.5 billion, driven primarily by higher volume and revenue-related expenses.Additionally, management expects the card net charge-off rate to be approximately 3.2% reflecting better-than-expected consumer credit performance.
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  Bank of America Corporation (BAC) Announced Q2 2026 Earnings on July 14, 2026, Reporting "Our revenue grew 15% year-over-year to $31.6 billion" 14.07.2026 18min

  For the second quarter of 2026, Bank of America Corporation reported strong financial results.Executive Brian Moynihan stated, "Our revenue grew 15% year-over-year to $31.6 billion" and "Our net income was $9.1 billion, up 27% from last year". He also noted that "Our EPS increased 34% to $1.21 a share". The company generated a "return on tangible common equity of 17%" and "delivered 6.6% operating leverage and our efficiency ratio improved to 59%" for the quarter.Executive Alastair Borthwick added that "NII on an FTE basis was approximately $16.2 billion" for the second quarter.Management highlighted broad-based growth across all segments.Moynihan noted, "Every business segment contributed to our year-over-year growth". Borthwick highlighted Consumer Banking, where "Net income increased 10% year-over-year to approximately $3.3 billion". Digital engagement remains a focus, with Borthwick stating "Digital engagement remains a clear differentiator with roughly 50 million active digital users, more than 24 million active Erica users". Global Markets also performed well, with Borthwick reporting "Sales & Trading revenue, excluding DVA, increased 33% to $7.2 billion". Furthermore, Moynihan emphasized the company's technology initiatives, noting that "over 200,000 teammates are actively using AI-enabled capabilities across our company".Regarding forward guidance, Borthwick provided an update on net interest income, stating, "We now expect full year 2026 NII growth to be at the upper end of that 6% to 8% range". Management also raised their expectations for operating leverage, with Borthwick announcing, "we now expect full year operating leverage to be in the range of 300 to 400 basis points". Additionally, the company reported an overall tax rate of 21.5% for the quarter, which Borthwick noted is "consistent with our full year guidance".
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  PepsiCo, Inc. (PEP) Announced Q2 2026 Earnings on July 9, 2026, Reporting "net revenue of the company grew 7% in the first half of the year". 09.07.2026 20min

  For the first half of the year, management reported that "net revenue of the company grew 7% in the first half of the year" and "Reported EPS grew 6% in the first half". Globally, the company stated, "we've grown global volumes, 3% in foods and 2% in beverages". In the international segment, the "second quarter operating margin grew by a full point". However, in the PBNA segment, "operating margin was down about 90 basis points in the quarter", which management attributed in part to the convenience and gas channel, product mix, and commercial arrangements.Management highlighted a United States strategy focused on three pillars, including "affordability investments to make sure that our brands are in consumers' lives in the portions and prices that consumers can afford today". The company also noted progress in portfolio transformation, sharing that the permissible portfolio in Foods is "already $3 billion". Internationally, the business continues to scale rapidly, with management noting it is "going to cross $40 billion in this year" and that international beverage volume is now two thirds of total company volume.Regarding forward guidance, the company "reaffirmed our guidance for the year". Management anticipates the "North America business to gradually improve, but at a more moderate pace" while expecting the international business to remain strong. To offset some expected commodity inflation, the company anticipates "approximately 1 point of EPS benefit from tariff refund claims" in the third quarter.Overall, management cautioned that full year results "might be towards the low end of the EPS range that we've given".The company also provided updates on recent acquisitions and partnerships that are expanding its portfolio.Management stated that "both Siete and poppi are doing well" and expanding these brands within the system represents a "great return". Additionally, the company highlighted its partnerships with "CELSIUS and Alani Nu" as an effective way to leverage its go-to-market capabilities and offer consumers options in spaces where scaling proprietary innovation would be difficult.
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  FactSet Research Systems Inc. Announced Q3 2026 Earnings on July 1, 2026, Reporting "Revenue was $622.9 million, representing 6.4% growth over the previous year" 01.07.2026 20min

  FactSet Research Systems Inc. reported its third quarter fiscal 2026 financial results, stating that organic ASV accelerated to 7.1% year-over-year, exceeding $2.48 billion.Third quarter revenue was $622.9 million, representing 6.4% growth over the previous year.Adjusted operating income was $211.8 million, representing a 34% margin for the quarter.Adjusted EPS grew 6.1% to $4.53.Management also noted that free cash flow grew to $254 million for the third quarter.During Q3, the company accelerated repurchase activity, buying back approximately 926,000 shares for $203 million, which brought the fiscal year-to-date total to over $500 million deployed for share repurchases.Management discussed business updates focused on commercial excellence, productivity improvement, and long-term strategy.Through productivity initiatives, coding agents now author 27% of committed code in the engineering teams using these tools, and the company initiated a roughly 10% reduction in its technology workforce.The company noted strong AI adoption, stating that over 90% of their top 50 clients are now using 4 or more FactSet AI solutions.The majority of ASV renewed in Q3 was in the form of enterprise agreements, and the average contract term extended by roughly 30%.The company announced several strategic product updates and partnerships, launching its AI solutions under the banner of FactSet Intelligence.FactSet launched a portfolio analytics MCP as well as a Capital Markets Intelligence suite of agents aimed at transforming investment banking workflows.Management highlighted a new strategic partnership with Google Cloud focused on enhancing the FactSet workstation with Google's enterprise search, bringing financial intelligence directly into Gemini Enterprise, and developing a new generation of agents using the Gemini Enterprise Agent platform.Additional partnerships were announced with InSync Analytics, Genius AI, and RepRisk.Regarding forward guidance, management stated they remain confident in the guidance ranges that were previously set for ASV, revenue, operating margin and EPS. For revenue and EPS, management noted they are tracking toward the high end of those ranges based on their business trajectory.
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  NIKE, Inc. (NKE) Announced Q4 2026 Earnings on June 30, 2026, Reporting "revenues were down 1% on a reported basis and down 4% on a currency-neutral basis." 01.07.2026 18min

  For the fourth quarter of fiscal 2026, Executive Vice President and Chief Financial Officer Matt Friend stated that "revenues were down 1% on a reported basis and down 4% on a currency-neutral basis." Friend noted that "Nike Direct was down 9%, with Nike Digital declining 12% and Nike Stores down 7%", while "Wholesale grew 1%." The company reported that "Gross margin was 49.2%, up 890 basis points versus the prior year", which was driven by a benefit related to the recovery of incremental tariffs. "Earnings per share for the quarter was $0.72" and "Inventory was flat versus the prior year". For the full year, "revenue was flat on a reported basis and down 2% on a currency-neutral basis."President and Chief Executive Officer Elliott Hill highlighted progress on the company's "win now priorities" and the implementation of the "Sport Offense", noting they have moved "about 8,000 teammates into verticals sport teams under our new operating model". While the performance business "grew mid-single digits this fiscal year", Hill acknowledged that "sell-through remains challenged" in Nike Sportswear and Jordan Streetwear.Friend added that they are making progress "reducing classic footwear franchises by more than $2 billion". In Greater China, the company's "House of Innovation in Shanghai, posted double-digit growth for the quarter", and they are seeing "recovery in full price realization on digital" following actions to reduce promotions.Regarding forward guidance, management stated they "now expect revenue to be down low- to mid-single digits, with Q2 having a sequential deceleration from Q1". For the first quarter specifically, they "expect reported revenues to be down low- to mid-single digits" and "expect gross margin in Q1 to be slightly positive." Leadership highlighted product innovations, including the "PEG 42" and "Aero-FIT", and announced that "Shai Gilgeous-Alexander has joined the Nike Basketball family" as part of a move allowing Converse to fully focus on its lifestyle business.They also highlighted that "revenue growth and retail sales comp with Foot Locker was positive for the first time in 4 years".
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  Micron Technology, Inc. (MU) Announced Q3 2026 Earnings on June 24, 2026, Reporting Total fiscal Q3 revenue was $41.5 billion. 01.07.2026 13min

  In fiscal Q3 2026, CFO Mark Murphy reported that Total fiscal Q3 revenue was $41.5 billion, up 74% sequentially and up 346% year-over-year.Fiscal Q3 DRAM revenue was a record $31.3 billion, and fiscal Q3 NAND revenue was a record $9.9 billion.The company generated an operating income of $33.7 billion in fiscal Q3, with a consolidated gross margin for fiscal Q3 of 84.9%.Non-GAAP diluted earnings per share in fiscal Q3 was $25.11.Fiscal Q3 free cash flow was $18.3 billion, which was noted as a quarterly record for the company.CEO Sanjay Mehrotra stated that data center revenue exceeded $25 billion in fiscal Q3. A major business update was the signing of 16 strategic customer agreements, which the company expects will fundamentally transform their business model.These agreements are structured as take-or-pay agreements with binding commitments to purchase specific volumes over a multiyear term. On the product side, Micron has already shipped over $1 billion in HBM 4 revenue, and the HBM4 12-high volume ramp is tracking twice as fast as HBM3E 12-high.Management expects tight supply conditions to persist beyond calendar 2027 due to AI-driven demand and structural supply constraints.For forward guidance, the company expects fiscal Q4 revenue to be a record $50 billion, plus or minus $1 billion, and gross margin to be approximately 86%.Fiscal Q4 EPS is expected to be a record $31 per share, plus or minus $1. Capital expenditures for fiscal Q4 are projected at around $10 billion, bringing full year fiscal 2026 capital spending to approximately $27 billion.
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  Adobe Inc. (ADBE) Announced Q2 2026 Earnings on June 11, 2026, Reporting "$6.62 billion in revenue in Q2" 11.06.2026 21min

  For the second quarter of fiscal 2026, CEO Shantanu Narayen stated that Adobe achieved "$6.62 billion in revenue in Q2". GAAP earnings per share for the quarter was $4.25, and non-GAAP earnings per share was $5.96.Senior Vice President Steve Day noted that cash flows from operations in the quarter were $2.17 billion, and total Adobe ending ARR reached $27.1 billion, which included approximately $480 million from the acquisition of Semrush.Management emphasized a strategic shift to capture a broader audience.Shantanu Narayen highlighted the opportunity to "accelerate new user acquisition and lifetime value through a freemium offering" for both Acrobat and Express, as well as a plan to "attract hundreds of millions of additional creators through a freemium funnel based on the early success of Firefly." To prioritize this user acquisition, Adobe made the decision to defer previously planned Creative Cloud second half line optimizations.Adobe also announced the departure of CFO Dan Durn, with Steve Day stepping in as interim CFO.Product and partnership announcements focused heavily on new AI capabilities.President of Creativity and Productivity David Wadhwani introduced the Adobe productivity agent for Acrobat and the Adobe Creative Agent beta.President of Customer Experience Orchestration Anil Chakravarthy highlighted native integrations with Microsoft CoPilot, Anthropic, OpenAI, and Google Gemini, alongside an NVIDIA partnership that brings CX enterprise coworker capabilities into the Nemo Claw enterprise agent platform.The company provided guidance for the third quarter of fiscal 2026, targeting total Adobe revenue of $6.67 billion to $6.72 billion.For the third quarter, GAAP EPS is targeted at $4.40 to $4.45, and non-GAAP EPS is targeted at $6.05 to $6.10.For the full fiscal year 2026, management set a total Adobe ARR growth target of 10.2 percent.
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  Oracle Corporation (ORCL) Announced Q4 2026 Earnings on June 10, 2026, Reporting "Revenue was $19.2 billion" 11.06.2026 12min

  Oracle Corporation reported its fourth quarter and full fiscal year 2026 results.For the quarter, management stated that revenue was $19.2 billion.Cloud infrastructure revenue grew 93 percent, and net operating income increased 22 percent in U.S. dollars to $8.6 billion.For the full year, the company reported surpassing revenues of $67 million for the first time, generating a non-GAAP operating income of $29 billion, and achieving cash flow from operations of $32 million.The remaining performance obligations finished at $638 million.Key business updates centered on artificial intelligence and cloud infrastructure.Management highlighted the delivery of more than 1,000 AI agents across their application suites. In the AI infrastructure business, the company signed $67 billion in contracts this quarter, increasing the total combination of bring your own hardware or prepaid customer contracts to $75 billion.The company also announced a move toward outcome based commercial pricing models and the limited rollout of token bundles for accessing advanced reasoning AI capabilities.Over the fiscal year 2026, the company delivered more than 1.2 gigawatts of capacity to customers.Notable business wins included an agency-wide award for Fusion HCM from the United States Office of Personnel Management.The company also continued its deployment at the United States Department of Veterans Affairs, adding medical centers in Michigan and Ohio.Additional highlighted customers included Claro, which chose OCI and field services applications to automate customer service, and Vodafone, which selected an OCI dedicated region to consolidate operations.For forward guidance, management expects fiscal year 2027 total revenues to grow 34 percent in constant currency.The net cash outlay for capital expenditures in fiscal year 2027 is expected to be around $70 million, which excludes customer prepayments and timing impacts expected at around $20 billion to $25 billion.For the first quarter of fiscal year 2027, total revenues are expected to grow between 27 percent and 29 percent in U.S. dollars, with cloud revenues growing between 58 percent and 64 percent.Management guided first quarter non-GAAP EPS to be between $1.72 and $1.76.
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  lululemon athletica inc. (LULU) Announced Q1 2026 Earnings on June 4, 2026, Reporting "total net revenue rose 4% or 2% in constant currency to $2.5 billion" 06.06.2026 19min

  For the first quarter, Interim Co-CEO and CFO Meghan Frank reported "total net revenue rose 4% or 2% in constant currency to $2.5 billion". Gross profit for the first quarter was $1.34 billion or 54.2% of net revenue.Operating income for the quarter was $277 million, or 11.2% of net revenue.Net income for the quarter was $195 million, or $1.69 per diluted share.Inventory at the end of the first quarter was $1.7 billion.Management stated their priorities are to strengthen performance in North America while continuing to expand their global growth engine.The company noted that recent sales trends were impacted by spikes of negative commentary regarding the brand and some product launches not meeting expectations. In response, management is focusing on a three-pillar action plan including product creation, product activation, and enterprise enablement.The company is leaning into faster chase times, chasing 20% more volume this year relative to last year, and reducing their mainline product development process. In North America store channels, the company is featuring 15% fewer SKUs to better highlight new styles and innovation.The company noted good guest response to updates in key run franchises including Fast and Free, Swiftly, and Metal Vent, as well as the Day drift and Define styles.The brand held a yoga experience on The Great Wall of China and announced the return of the SeaWheeze half marathon event in Vancouver.Upcoming product launches will include warm weather styles across run, tennis, golf, and lifestyle offerings, as well as new lounge fabrics in the second half of the year.For the second quarter, management expects revenue in the range of $2.45 billion to $2.475 billion.They expect earnings per share in the second quarter to be in the range of $1.76 to $1.81.For the full year 2026, the company expects revenue to be in the range of $11 billion to $11.15 billion.For the fiscal year 2026, the company expects diluted earnings per share in the range of $10.95 to $11.15.Capital expenditures for the full year are expected to be approximately $700 million to $720 million.
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  ServiceTitan, Inc. Announced Q1 2027 Earnings on June 4, 2026, Reporting "Q1 total revenue of $268.8 million grew 25% year-over-year." 06.06.2026 16min

  ServiceTitan, Inc. reported its fiscal first quarter 2027 results.For the quarter, management stated, "Q1 total revenue of $268.8 million grew 25% year-over-year." The company reported "Subscription revenue of $202 million" and "Usage revenue grew 29% year-over-year to $58.5 million." Furthermore, management noted "Q1 operating income of $40.8 million resulted in operating margin of 15.2%" and "Q1 platform gross margin was 81.3%." The company's "Q1 free cash flow was negative $9.6 million."Key business updates highlighted the company's multiyear growth vectors to build the "agentic operating system to the trades." ServiceTitan emphasized its progress in the enterprise, commercial, and roofing segments.During the quarter, the company surpassed "2,000 total customers with annualized billings greater than $100,000." Management also discussed the rapid adoption of its Max platform, noting they "more than doubled the number of locations on Max" during the first quarter and expect to "again double the number of locations on Max during Q2."In product announcements, ServiceTitan noted significant enhancements within the commercial segment, including the launch of "invoicing agents, equipment systems and enhanced CRM capabilities." For its AI and agentic workflows, the company introduced "inbound call booking automation, auto inventory replenishment and invoice protection." Additionally, the company expanded its virtual agents product line with "outbound calling and receptionist capabilities."Management provided forward guidance for the second fiscal quarter and full fiscal year 2027.For the second quarter, the company stated, "we expect total revenue in the range of $284 million to $286 million" and "operating income in the range of $38 million to $39 million." For the full fiscal year 2027, ServiceTitan expects "total revenue in the range of $1.13 billion to $1.14 billion" and "operating income in the range of $142 million to $147 million." Management also noted they now expect "incremental operating margins for the full fiscal year 2027 to be higher than our initial target of 25%."
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  Veeva Systems Inc. (VEEV) Announced Q1 2027 Earnings on June 3, 2026, Reporting "Total revenue in the quarter was $883 million" 03.06.2026 21min

  Veeva Systems Inc. reported fiscal 2027 first quarter financial results.For the quarter, management stated that "Total revenue in the quarter was $883 million with non-GAAP operating income of $395 million." Management also noted that the first quarter EBIT margin arrived at 45 percent.During the call, management introduced Veeva Falcon, describing it as the next chapter of their industry cloud that provides "agentic labor." This technology is designed to fully replace standard jobs within life sciences, initially focusing on the high-volume processing of clinical trial documentation and safety cases.Management also detailed the recent acquisition of Ostro, a brand engagement platform designed to help biopharma companies interact with health care professionals and patients.Furthermore, the company provided updates on its Vault CRM product, highlighting that over 150 customers are now live and over 40 migrations have been completed, including recent global wins with Teva and Merck KGaA.Looking ahead, management provided guidance for the full year, including an expected 44 percent EBIT margin.The company expects the Ostro acquisition to contribute about $10 million in the remaining three quarters, representing about two-thirds of the $15 million increase in commercial subscriptions overall for the year.Management also reiterated confidence in its trajectory for 2030, noting they are on track for their $6 billion of revenue target.
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  Broadcom Inc. (AVGO) Announced Q2 2026 Earnings on June 3, 2026, Reporting "total revenue reached a record $22.2 billion" 03.06.2026 19min

  In Q2 2026, Broadcom reported total revenue reached a record $22.2 billion, up 48 percent year-on-year. Q2 operating margin was a record 67 percent, and adjusted EBITDA was 69 percent of revenue, or $15.2 billion.Free cash flow in the quarter was a record $10.3 billion, representing 46 percent of revenue.The Semiconductor Solutions segment generated a record $15 billion in Q2 revenue, driven by AI semiconductor revenue at a record $10.8 billion.Infrastructure software revenue in Q2 was $7.2 billion.During the quarter, management noted bookings for AI semiconductors were over $30 billion.Broadcom detailed several long-term customer agreements, including an April announcement with Google to develop and supply multiple generations of TPUs and AI networking.For Anthropic, Broadcom entered an agreement to enable access to another 5 gigawatts of next-generation TPU-based compute beginning in 2027.With Meta, the company announced a partnership to deliver multiple generations of MTIA XPUs. Additionally, Broadcom is creating the AI XPU platform with Apollo and Blackstone to deploy more than 20 gigawatts of compute capacity through 2028. In software, the company released VMware Cloud Foundation 9.1 to support enterprise AI inferencing workloads.For Q3 2026, Broadcom issued guidance for consolidated revenue of $29.4 billion, up 84 percent year-on-year. Q3 semiconductor revenue is forecast at approximately $20.5 billion, with Q3 AI semiconductor revenue expected to be $16 billion. Q3 infrastructure software revenue is expected to be approximately $8.9 billion, and Q3 operating margin is expected to be 67 percent.For the full year 2026, management expects to achieve AI semiconductor revenue of $56 billion.Looking ahead, Broadcom reiterated their AI semiconductor revenue guidance to be in excess of $100 billion for fiscal year 2027.