Daily ideas
Monolithic Power Systems posted record Q2 2026 revenue of $980.6 million, up 47.6% on data center power; Q3 tests whether Enterprise Data can reach about $485 million.
Uber's Q2 2026 Gross Bookings rose 24% to $58.0 billion with a Mobility margin near 7.6%; Q3 tests whether insurance savings keep U.S. rides accelerating.
Cheniere exported 672 TBtu and earned $1.80B of Q2 2026 Adjusted EBITDA, lifting 2026 guidance to $7.9-8.4B; Q3 tests whether Stage 3 volumes and spot LNG margins hold.
IQVIA grew second-quarter 2026 revenue 8.7% to $4.368 billion on a 1.22x R&DS book-to-bill; Q3 results must show whether its $34.2 billion backlog converts into service-fee growth.
Dow's Q2 2026 operating EBITDA hit $2.31 billion on 20% higher local prices; Q3 results test how much polyethylene profit survives guidance of $1.5-$1.6 billion.
Bruker's Q2 2026 revenue rose 5.2% to $838.5M with 2.8% organic growth and a 14.1% non-GAAP margin; Q3 tests whether orders and cost cuts beat weak US academic demand.
Cisco grew Q4 FY2026 revenue 18% to $17.25 billion on 28% Networking growth; Q1 tests whether $9.3 billion of AI orders convert while gross margin holds 65%-66%.
UMC's Q2 2026 gross margin rose to 32.5% at 85% utilization and Q3 sales hit NT$74.24 billion; Q3 tests whether 90%+ loading lifts margin past rising depreciation.
Takeda's Q1 FY2026 revenue fell 0.5% at constant currency to ¥1,219.9 billion with a 29.4% core margin; Q2 tests whether US ENTYVIO and immunoglobulin dips are only timing.
ConocoPhillips produced 2.248 million BOE/d in Q2 2026 with $7.18 billion of CFO; Q3 results test whether Qatar LNG recovers enough to reach 2.29-2.32 million.
CN grew Q2 2026 revenue 11% to C$4.75 billion with adjusted EPS of C$2.08; Q3 tests whether the fuel surcharge lag becomes the roughly C$0.15 EPS tailwind management flagged.
East West Bancorp posted record Q2 2026 net interest income of $685 million as its margin slipped to 3.43%; Q3 tests whether deposit growth offsets $13 billion of CD repricing.
Marathon Petroleum earned $5.1 billion in Q2 2026 on a $36.33 per barrel refining margin and 112% capture; Q3 results test whether capture holds above 100%.
PayPal grew Q2 2026 payment volume 10% but transaction margin dollars only 1% to $3.9 billion; Q3 tests whether branded checkout can hold 1%-2% growth without more dilution.
eBay grew Q2 2026 GMV 14% to $22.4 billion at a 28.5% non-GAAP margin; Q3 results test whether organic growth holds 7%-9% as margin guidance falls to about 25%.
Gallagher grew Q2 2026 brokerage organic revenue 5% with base commissions up only 4% and margin down 284 bps; Q3 tests whether growth holds as property rates fall.
Colgate-Palmolive grew Q2 2026 net sales 4.9% to $5.36 billion as gross margin rose 140 bps to 61.5%; Q3 tests whether North American volume, down 3.9%, recovers.
Garmin grew Q2 2026 revenue 11% to $2.02 billion at a 62.4% gross margin; Q3 tests whether Fitness growth can outrun rising memory chip costs.
Republic Services grew Q2 2026 revenue 4.6% to $4.43 billion on 4.0% average yield as volume fell 1.9%; Q3 results test whether pricing still covers volume and margin holds flat.
Deutsche Bank's core divisions grew Q2 2026 revenue 9.6% to €8.4 billion, led by a 19% Investment Bank gain; Q3 tests whether deposit and fee income can offset cooler trading.
