What changed

AZO AutoZone · 2026Q3

DIY comp momentum decelerated sharply within the quarter, from 5% and 4.5% in the first two four-week periods to 2.9% in the final period and just 1.3% in the last two weeks, due to unseasonably cool, wet weather.

“Those two weeks were softer than the rest of the quarter with comps of 1.3%”— Philip Daniele, President and Chief Executive Officer

AZO AutoZone · 2026Q3

Total company sales grew 8.4%, the largest increase in over three years and an acceleration from the first half of fiscal 2026.

“Total sales were $4.8 billion and were up 8.4% versus Q3 of last year. This is the largest increase we have had in over three years”— Jamere Jackson, Chief Financial Officer

AutoZone's fiscal 2026 total sales surpassed $20 billion for the first time, rising 7.4% year over year. AutoZone Inc (AZO) (Q4 2026) Earnings Call Highlights: Record Store Growth and $20 Billion Sales Milestone — gurufocus.com · 23 September 2026

UNH UnitedHealth Group · 2026Q2

Reported medical care ratio improved to 86.7% from 89.4% a year ago, aided by $860 million of net favorable prior-period development and benefit design actions.

Per Wayne DeVeydt, Chief Financial Officer

A fund cited UnitedHealth's strong earnings and improved margins driven by declining medical costs and stronger pricing. UnitedHealth Group Incorporated (UNH) -- Strong Earnings and Improved Margins | First Eagle Rising Dividend Fund Q2 2026 — gurufocus.com · 15 September 2026

UNH UnitedHealth Group · 2026Q2

2026 Medicare medical cost trend is now expected to come in below the initial ~10% estimate, driven by benefit design, care management, network curation, and a more favorable respiratory season.

Per Tim Noel, President, UnitedHealthcare

AVGO Broadcom Inc. · 2026Q3

Infrastructure software revenue growth is guided to stabilize at approximately $8.7 billion in Q4, essentially flat to slightly down from Q3's $8.8 billion, decelerating from the 29% year-over-year growth reported in Q3.

“we forecast infrastructure software revenue to stabilize at approximately $8.7 billion”— Hock Tan, President and CEO

AVGO Broadcom Inc. · 2026Q3

Broadcom's engagement with Google has strengthened further via a new long-term agreement to supply multi-tens of billions of dollars of TPUs and AI networking annually over the next several years.

“Our engagement with Google has never been stronger.”— Hock Tan, President and CEO

NVDA NVIDIA Corporation · 2026Q3

Q4 guidance of $65 billion implies 14% sequential growth, a deceleration from the record 22% sequential growth delivered in Q3, though still described as driven by continued Blackwell momentum.

Per Colette Kress, Chief Financial Officer

NVDA NVIDIA Corporation · 2026Q3

For fiscal 2027, management flagged that input costs are rising, a new headwind versus this year, and said the company is now working just to hold gross margins in the mid-seventies rather than expecting further improvement.

“input costs are on the rise but we are working to hold gross margins in the mid-seventies”— Colette Kress, Chief Financial Officer

F Ford Motor Company · 2026Q2

Commodity costs are swinging from a roughly $500 million year-over-year tailwind earlier in the year to a projected $900 million second-half headwind, reversing the favorable trend seen in the first half.

“in the second half you are going to have another roughly $900 million headwind”— Sherry House, Chief Financial Officer

F Ford Motor Company · 2026Q2

Ford Pro revenue and EBIT fell 5% and 26% respectively due to the temporary Novelis aluminum disruption, but management expects a second-half volume recovery to restore the segment's trajectory.

“This resiliency positions Pro to benefit from second-half volume recovery.”— Sherry House, Chief Financial Officer

TSM TSMC · 2026Q2

Third quarter gross margin is guided down 1.7 points to 66% at midpoint as the steep 2nm ramp is expected to dilute margin by 3-4 points, partly offset by strong demand and cost improvements.

“we expect the steep ramp-up of our 2 nm technology to dilute our gross margin by about 3 percentage points to 4 percentage points”— Wendell Huang, Senior Vice President and Chief Financial Officer

MediaTek launched a new flagship chip built on TSMC's 2-nanometer process, with Nvidia and Alphabet also committed to the node. TSMC’s 2nm Era Is Accelerating With MediaTek. Nvidia and Alphabet Already Have Money on the Table — insidermonkey.com · 15 September 2026

TSM TSMC · 2026Q2

Management described AI-related demand as extremely robust, with customers and cloud service providers giving increasingly strong signals, raising conviction in the multi-year AI megatrend versus prior quarters.

“AI-related demand continues to be extremely robust.”— C.C. Wei, Chairman and Chief Executive Officer

INTC Intel Corporation · 2026Q2

Management now expects PC consumption to be subseasonal in the second half of 2026 and down low double digits for the full year, a shift attributed to rising memory prices and constraints versus prior expectations.

“We expect PC consumption to be subseasonal in the second half of the year and down low double digits percent for all of 2026.”— David Zinsner, Chief Financial Officer

INTC Intel Corporation · 2026Q2

Q2 revenue of $16.1 billion came in $1.8 billion above the midpoint of guidance, driven by demand outpacing growing supply across AI-driven businesses.

“Second quarter revenue was $16.1 billion, $1.8 billion above the midpoint of our guide.”— David Zinsner, Chief Financial Officer

Intel shares surged 255% to $109 after NVIDIA's $5 billion stake and Q2 revenue rose 25% to $16 billion, led by 59% data center growth. From $24 to $109: Intel’s Comeback Is Real. The Price Tag Is Now the Problem — finance.yahoo.com · 21 September 2026

AMD Advanced Micro Devices Inc · 2026Q2

Management said the ROCm software stack has reached an important inflection point, now having the performance, capabilities and developer experience needed to deploy AI in production at scale, a shift from earlier maturity concerns.

“ROCm has reached an important inflection point with the performance, capabilities and developer experience customers need to deploy AI in production at scale”— Lisa Su, Chair and CEO

SBUX Starbucks · 2026Q2

North America operating margin contracted approximately 170 basis points to 10.2%, as operating leverage and cost discipline only partially offset annualizing Green Apron Service investments and higher product/distribution costs and legal accruals.

Per Cathy Smith, Executive Vice President and Chief Financial Officer

Starbucks plans to spend $1 billion renovating up to 9,000 North American stores into cozier spaces to boost profitability. Starbucks’ $1 Billion Bet on Cozy Stores Faces a Margin Test — finance.yahoo.com · 13 September 2026

AMD Advanced Micro Devices Inc · 2026Q2

Management shifted to planning for a softer PC market in the second half of the year as higher memory and component costs weigh on demand, a more cautious view than prior commentary.

“we are planning for a softer PC market as higher memory and component costs weigh on demand”— Lisa Su, Chair and CEO

SBUX Starbucks · 2026Q2

U.S. licensed stores returned to positive system-wide comps for the first time since Q1 fiscal 2024, led by record airport volumes and recovery in retail/grocery channels.

“U.S. licensed stores returned to positive system-wide comps for the first time since Q1 fiscal 2024.”— Cathy Smith, Executive Vice President and Chief Financial Officer

BA The Boeing Company · 2026Q2

Consolidated operating margin increased to 0.6%, reflecting higher segment earnings and lower corporate expense, partially offset by the VC-25B charge.

“Operating margin increased to 0.6%.”— Jay Malave, Executive Vice President and Chief Financial Officer

GM General Motors Company · 2026Q2

Management explicitly framed 2027 as an inflection point where it expects to grow revenue, margins, EBIT, and free cash flow, building on multi-year tailwinds beginning to compound.

“we believe we can grow revenue, margins, EBIT, and free cash flow next year”— Paul Jacobson, Executive Vice President and CFO

PLTR Palantir · 2026Q2

Management described the prevailing token-consumption pricing model used by AI labs as breaking down for enterprises, breaking budgets without delivering value and effectively transferring customers' proprietary data into competitors' training data.

“This token model may be working for the labs, but it is not working for anyone else.”— Ryan Taylor, Chief Revenue Officer & Chief Legal Officer

BA The Boeing Company · 2026Q2

Company backlog reached a record $715 billion, including BCA's record $597 billion and over 6,200 airplanes, reflecting sustained strong demand across segments.

“we're ramping up production to deliver on our record $715 billion backlog”— Kelly Ortberg, President and Chief Executive Officer

Boeing and Korean Air finalized a $36.2 billion order for 103 aircraft, boosting Boeing's backlog. Boeing (BA) Strengthens its Backlog with Korean Air’s 103-Aircraft Commitment — insidermonkey.com · 22 September 2026

GM General Motors Company · 2026Q2

Digital/software deferred revenue grew nearly 50% year over year to $6.3 billion with recognized revenue up 20%, and management now expects double-digit growth in realized digital revenue in 2027.

“Subscriber growth drove deferred revenue to $6.3 billion, up almost 50% from a year ago”— Paul Jacobson, Executive Vice President and CFO

GM is introducing a redesigned software experience with expanded screen space on the new Silverado and Sierra pickups. General Motors (GM) Bets on Software to Strengthen its Pickup Truck Franchise — finance.yahoo.com · 18 September 2026

PLTR Palantir · 2026Q2

Palantir began fine-tuning models on an NVIDIA-based stack that customers own, with these fine-tuned models now outperforming frontier models, a new capability enabling customer-owned 'sovereign' AI.

“The models fine-tuned by us in our enterprise on an NVIDIA stack outperform frontier models.”— Alexander Karp, Chief Executive Officer

Palantir's AI sovereignty strategy is gaining Wall Street belief amid strong expected commercial momentum. Palantir Reveals Its AI Sovereignty Strategy And Wall Street Is Starting to Believe It — insidermonkey.com · 23 September 2026

LLY Eli Lilly and Company · 2026Q2

CFO explained that implied H2 percentage growth deceleration versus Q2 reflects one-time prior-period rebate/discount estimate benefits and a 2025 OUS launch volume bolus that will not recur, not weaker underlying demand.

Per Lucas Montarce, Chief Financial Officer

LLY Eli Lilly and Company · 2026Q2

Foundayo's U.S. prescriber base grew sharply from about 8,000 last quarter to 36,000, indicating rapidly accelerating physician adoption ahead of broader consumer marketing.

“we talked about 8,000 prescribers. We've now increased that to 36,000 prescribers”— Ilya Yuffa, President, Lilly USA and Global Customer Capabilities

Lilly's CEO shared optimistic growth prospects for its oral weight-loss drug Foundayo, citing strong traction. LLY Looks 24.6% Undervalued on GF Value™ as Oral Obesity Drug Gains Traction — gurufocus.com · 21 September 2026

META Meta Platforms · 2026Q2

Reality Labs revenue growth of 16% was driven by strong AI glasses revenue growth that offset a decline in Quest headset sales, marking a mix shift within the segment's product portfolio.

“strong growth in AI glasses revenue, partially offset by lower Quest headset sales”— Susan Li, CFO

META Meta Platforms · 2026Q2

Advantage+ end-to-end AI ad solutions reached a new milestone of over $75 billion in annual revenue run rate this quarter, a notable scale increase management called out.

“Our AI-powered Advantage+ end-to-end solutions continue to grow, reaching over $75 billion in annual revenue run rate this quarter.”— Susan Li, CFO

Analysis argues Meta's AI monetization potential is becoming evident as revenue jumps and new monetization streams grow post-earnings. Meta: AI Monetization Potential Is Finally Evident (NASDAQ:META) — seekingalpha.com · 22 September 2026

MA Mastercard Incorporated · 2026Q2

European purchase volume growth has decelerated from the 16% pace seen in Q2 2024, as the tailwind from major past wins laps and management deliberately walks away from deals it deems uneconomical, such as Lloyds Credit.

“back in Q2 of 2024, we were growing at 16%”— Sachin Mehra, Chief Financial Officer

MA Mastercard Incorporated · 2026Q2

Management expects rebates and incentives as a percentage of payment network assessments to tick up slightly in Q3 versus Q2, reflecting timing of new deal signings within an active pipeline.

“rebates and incentives as a percentage of our payment network assessments will be slightly higher than it was in Q2”— Sachin Mehra, Chief Financial Officer

AMZN Amazon.com · 2026Q2

Q3 guidance implies sequential deceleration in net sales growth versus Q2, driven mainly by Prime Day shifting entirely into Q2 this year and an FX headwind, though underlying stores trends are said to remain strong.

“third quarter 2026 year-over-year growth would have been nearly 400 basis points higher”— Brian Olsavsky, CFO

MSFT Microsoft Corporation · 2026Q2

Windows OEM revenue is guided to decline roughly 10% next quarter as the Windows 10 end-of-support benefit normalizes and elevated inventory levels come down, a reversal from recent growth.

Per Amy Hood, CFO

NFLX Netflix · 2026Q2

Q3 guidance implies FX-neutral revenue growth of 11%, down from Q2's 12%, which the CFO attributed mainly to prior-year comparison timing (2025 was more back-half weighted) rather than a genuine trend change.

“there is a little bit of quarter-to-quarter chop in growth because last year was more back half weighted”— Spencer Adam Neumann, CFO

TSLA Tesla · 2026Q2

Energy gross margin fell sharply from 39.5% to 20.4% due to a warranty true-up, non-repeating tariff benefits, and declining industrial storage ASPs from rising competition; long-term margins are expected to normalize in the mid-to-low 20% range.

“Long term, we believe the energy business should normalize at a gross margin rate in the mid- to low-20% range.”— Vaibhav Taneja, CFO

V Visa · 2026Q2

CEMEA payments volume growth stepped down about 2.5 points from Q1, primarily due to the conflict in the Middle East, though CEMEA is only about 6% of total payments volume.

“a step down of about 2.5 points in payments volume growth in constant dollars from Q1, primarily due to the conflict in the Middle East”— Christopher Suh, Chief Financial Officer

TSLA Tesla · 2026Q2

Model Y set new sales records in several international markets including the Netherlands, Australia, and New Zealand, an escalation versus prior performance in those regions.

Per Vaibhav Taneja, CFO

Tesla set up a subsidiary in Vietnam, a step toward entering Southeast Asia's largest EV market. Tesla makes a move on Southeast Asia's largest EV market. A homegrown giant awaits — cnbc.com · 22 September 2026

NFLX Netflix · 2026Q2

View hours grew 2% in the first half of 2026, a slight acceleration from 1.5% growth in 2025, as the company continues to focus on quality, variety and quantity of engagement.

“It is a slight acceleration compared to 1.5% growth in 2025.”— Gregory K. Peters, Co-CEO / Chief Product Officer

Wells Fargo downgraded Netflix to Underweight, citing concerns that people are watching less Netflix, cutting its price target to $57. Wells Fargo Cuts Netflix (NFLX) to Underweight as its 2026 Slide Deepens — insidermonkey.com · 21 September 2026

AAPL Apple Inc. · 2026Q2

Management flagged a difficult year-over-year comparison for iPad in the June quarter due to the prior-year launch of the A16-powered iPad, signaling a likely growth headwind ahead.

“On iPad, keep in mind we face a difficult compare driven by the launch of the A16-powered iPad in the prior year.”— Kevan Parekh, CFO

GOOGL Alphabet Inc. · 2026Q2

Management now expects a slight FX headwind to consolidated revenue in Q3, reversing from the 1-percentage-point FX tailwind experienced in Q2, primarily affecting Search and YouTube ads.

“we would expect a slight FX headwind to our consolidated revenue in Q3 compared to a 1 percentage point FX tailwind in Q2”— Anat Ashkenazi, CFO

IBM International Business Machines Corp · 2026Q2

Infrastructure full-year growth guidance was raised to low single digits from a prior guide of down low-to-mid single digits, reflecting stronger-than-expected Distributed Infrastructure demand and continued mainframe program-to-program strength.

“That infrastructure guide 90 days ago, we said was going to be down low to mid-single digit…guide to guide, we're up about two points there.”— James Kavanaugh, Senior Vice President and Chief Financial Officer