Daily ideas

Mondelez grew Q2 2026 revenue 4.1% to $9.36 billion as adjusted operating income fell 6.1%; Q3 tests whether European volumes and hedged cocoa costs let gross profit outrun reinvestment.

Equinix grew Q2 2026 revenue 16% to $2.625 billion, helped by $120 million of one-time xScale fees; Q3 tests whether MRR growth and a 51% margin hold without them.

Royal Caribbean grew Q2 2026 revenue 6.5% to $4.83 billion with $4.21 adjusted EPS as debt hit $22.8 billion; Q3 tests whether Caribbean demand offsets Europe to hold yields flat.

Amgen's Q2 2026 revenue rose 10% to $10.05 billion as Repatha grew 37%; Q3 tests whether growth brands still outrun Prolia erosion and rising R&D spend.

Hilton grew Q2 2026 RevPAR 3.9% and management and franchise fees 6.4% to $976 million; Q3 tests whether its roughly 4% RevPAR guide reflects durable demand or a World Cup lift.

Shopify grew Q2 2026 revenue 34% to $3.58 billion and gross profit 31%; Q3 tests whether payments-led growth keeps gross profit on guidance as loan losses rise.

Arm's fiscal Q1 2027 revenue rose 22% to $1.29 billion with a 41% non-GAAP margin; Q2 tests whether data center royalties offset weaker smartphone shipments.

Berkshire Hathaway lifted Q2 2026 operating earnings 16.3% to $12.98 billion as GEICO underwriting profit fell to $994 million; Q3 tests whether GEICO pricing can catch bodily injury claim costs.

Caterpillar's Q2 2026 revenue rose 24% to $20.5 billion with a record $72.1 billion backlog; Q3 tests whether capacity lets power shipments speed up without eroding margins.

Johnson Controls grew Q3 FY2026 organic sales 10% as backlog rose 32% to $21 billion; Q4 tests whether that backlog delivers the guided 9% to 10% organic growth.

United Rentals grew Q2 2026 revenue 11.8% to $4.41 billion and raised full-year guidance; Q3 tests whether 24.8% specialty growth can continue without deeper margin dilution.

Wabtec grew Q2 2026 sales 17.5% to $3.18 billion with adjusted EPS of $2.76, half from acquisitions; Q3 tests whether modernizations revive Services and freight margins keep expanding.

AMD's Q2 2026 revenue rose 50% to $11.54 billion with Data Center at 58% of sales; Q3 tests whether EPYC supply and first Helios shipments deliver the $13 billion guide.

Arista grew Q2 2026 revenue 37.7% to $3.04 billion as deferred revenue reached $6.87 billion; Q3 tests whether customer acceptances keep turning that balance into revenue.

Robinhood's Q2 2026 revenue rose 32% to $1.31 billion on record trading; Q3 tests whether options, event contracts and deposits hold up after the World Cup peak.

Fortinet's Q2 2026 revenue rose 26% to $2.05 billion as product sales jumped 52%; Q3 tests whether FortiGate demand is durable or pulled forward ahead of price increases.

J.B. Hunt grew Q2 2026 operating income 32% to $259.5 million with EPS of $1.91; Q3 tests whether intermodal profit holds as driver and fuel costs outrun contract rates.

American Tower grew Q2 2026 AFFO per share 4.2% to $2.71 while U.S. organic billings rose only 0.7%; Q3 tests whether carrier amendments can keep offsetting DISH churn.

Palantir grew Q2 2026 revenue 93% to $1.935 billion at a 62% adjusted operating margin; Q3 results test whether record U.S. commercial bookings keep turning into revenue.