Caterpillar (CAT) Q2 2026: EPS +68%, Operating Margin at 20.9%
Most of Caterpillar's 50% operating profit jump is real, but not all of it. Operating profit reached $4,295 million on revenue of $20,543 million, an operating margin of 20.9% that includes a $392 million tariff refund; strip that out and margin falls to 19.0%.
ADP FY2026 Annual Report: Record $21.9B Revenue, EPS Up 10% as AI Integration Accelerates
ADP's FY2026 10-K shows record revenue of $21.947 billion (+7%), diluted EPS of $10.94 (+10%), $4.7B returned to shareholders, and FY2027 guidance of 9-11% adjusted EPS growth.
Bristol-Myers Squibb (BMY) Q2 2026: Eliquis +21.8%, full-year guidance sharply raised
BMY posted Q2 2026 revenue of $12.973 billion (+5.7%), GAAP net income of $3.316 billion (+152.6%), and adjusted (non-GAAP) EPS of $2.04 (vs. $1.46 a year earlier), and sharply raised its full-year guidance.
Digital Realty (DLR) Q2 2026: $201M One-Time Promote, EPS Down 59%
Digital Realty's headline revenue jumped 28.9% year over year, but roughly half of that increase was a single incentive fee that will not repeat — and that brou
Thermo Fisher (TMO) Q2 2026: Organic Growth 5%, Cash Falls 59%
Thermo Fisher grew revenue 10% in the second quarter, but only half of that was earned rather than bought. The company's own reconciliation splits the gain into 5 points organic, 4 points acquisitions, and 1 point currency.
Micron (MU) Q3 FY2026: 80% Operating Margin as DRAM ASPs More Than Triple
Micron's third quarter is not a recovery quarter. It is the most profitable quarter in the company's history, and the margin sits roughly 31 percentage points above its own previous cycle peak.
Verizon (VZ) Q2 2026: Phone Adds Swing to +184K, Adjusted EPS Up 6.6% as Charges Cut Reported EPS 22%
Verizon added 184,000 postpaid phone subscribers in the second quarter of 2026, after losing 9,000 in the same quarter a year earlier — roughly 78,000 ahead of the 106,000 analysts had modeled. Adjusted EPS of $1.30 was up 6.6% from $1.22; reported EPS fell 22.0% to $0.92 on $1,810 million of pre-tax special items.
Chipotle (CMG) Q2 2026: Margin 15.7%, Buybacks Erase Retained Earnings
Chipotle's headline looks stable — revenue up 9.3% and GAAP diluted EPS flat at $0.32 — and the market read the quarter as a beat. Comparable restaurant sales r
Visa (V) Q3 FY2026: Value-Added Services Revenue Climbs to $3.8B While FX Revenue Growth Slows to 6%
Visa's core network economics did not deteriorate this quarter — the reported margin did, and for reasons that sit outside the network. Operating margin fell to 59.1% from 60.7%, but the underlying adjusted margin declined only 0.8 points over two years to 66.1%.
Allstate (ALL) Q2 2026: EPS Up 61% to $12.51, Underlying Margin Flat
Allstate's headline quarter is genuinely strong, but it is not a margin story. Diluted earnings per share rose 61.2% to $12.51 and the property-liability combin
Synopsys (SNPS) Q3 FY2026: Revenue +42%, Debt Down $3.5B
One year after closing the $34.9 billion Ansys acquisition, Synopsys is finally producing the cash the deal was supposed to deliver. Operating cash flow for the
Ecolab (ECL) Q2 2026: $4.75B CoolIT Bet, Net Income +2%
Ecolab's core business is running well enough to carry the debt it just took on — but the financing bill has already started to show up in earnings. Second-quarter net sales rose 9.7% to $4,415.4 million, yet net income climbed only 2.0% to $534.9 million.