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The selected SEC filing anchors the analysis of earnings, financial position and cash flow. We investigate the company’s important questions using relevant primary sources. The questions below are examples, not a fixed checklist.
Connect profit and cash flow with changes in demand, prices and costs, and assess which effects may last.
Explain the benefit sought from investment, buybacks or debt repayment, then assess the cost, alternatives and evidence of progress.
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Nasdaq (NDAQ) Q3 FY2026: "Net Revenue Up 12.6%, Capital Access Platforms and Financial Technology Grow"
Alexandria Real Estate Equities rents laboratories and other research space to drugmakers, biotechnology companies, and technology businesses. In the third quarter of 2026, it leased more space, but vacancies continued to reduce rental income. During the first nine months, its $875.4 million of operating cash fell short of $1.33 billion spent on real estate, leaving property sales and borrowing central to its construction plans.
Molina Healthcare receives insurance premiums, mainly from governments, to arrange and pay for members’ medical care. In the third quarter of 2026, its largest business, Medicaid, earned more premium revenue, but its medical costs increased by more.
Western Digital sells hard disk drives that store data, mainly for cloud and enterprise customers. In its first quarter of fiscal 2027, ended October 2, 2026, revenue rose 55% and operating profit rose 158% from a year earlier as customers bought more storage capacity at higher prices.
Booz Allen Hamilton sells technology, cybersecurity, engineering, and advisory work to government agencies and businesses. In its second quarter of fiscal 2027, ended September 30, 2026, revenue fell 3.9% as weaker civil and commercial sales outweighed modest national security growth.
Las Vegas Sands earns money from casino play, hotels, restaurants and shopping malls in Macao and Singapore. Its third-quarter 2026 filing shows that operating cash flow rose 25.5% in the first nine months, mainly because it paid less for Singapore land rights.

Microsoft and AFT (1.875 million members) agreed to bar student data from AI training pipelines. Districts can sue if violated; effective November 1, 2026.

DuPont, Chemours & Corteva settle NC PFAS for $455M. All three costs materially covered by accruals — but California's fraud suit and AFFF injury cases in MDL 2873 stay open.

DOJ is probing Nvidia's $20B Groq license deal, questioning whether it was structured to avoid antitrust review. NVDA fell ~0.9% on Sept 9 after NYT reported the probe.
ADI agreed to acquire Alif Semiconductor for $1.35 billion on Sept. 9, 2026 — its second AI chip deal this year after Empower Semi. Three watch points for ADI investors.