SNDK · 2026-08-05 · accel #1 — Fiscal Q4 2026 ended July 3, 2026: revenue was $8.97 billion; GAAP gross margin was 84.6%; GAAP operating income was $7.04 billion, with an operating margin of 78.6%. Revenue rose 51% sequentially and 372% year over year, while operating income increased 71% sequentially and was up sharply from $18 million a year ago. The main takeaway is that pricing remains the big driver, with about two-thirds of sequential growth from higher pricing and Datacenter revenue up 103% sequentially to $2.98 billion; management also raised the next-quarter outlook to $10.3 billion-$10.8 billion, keeping the debate centered on whether this mix and new business model (NBM) demand can sustain the margin profile.
LITE · 2026-08-11 · accel #2 — Fiscal fourth quarter 2026 ended June 27, 2026: net revenue was $1.01 billion, GAAP gross margin was 47.4%, and GAAP operating income was $279.3 million, or 27.8% operating margin. Revenue grew 109.3% year over year and 24.5% sequentially; operating income improved from a $8.4 million loss a year ago to a $279.3 million profit. The key stock debate is whether the first-quarter fiscal 2027 guide for $1.225 billion to $1.275 billion revenue and 39.5% to 40.5% non-GAAP operating margin can hold as optical circuit switch (OCS), cloud module, and co-packaged optics (CPO) demand layer in faster than expected.
ET · 2026-08-04 · accel #6 — Second quarter 2026 ended June 30, 2026: revenue was $34.334 billion, gross margin was not disclosed, and operating income was $3.574 billion, implying a 10.4% operating margin. Revenue rose 78% year over year and operating income increased 55%. The stock debate now hinges on the raised 2026 Adjusted EBITDA guide of $18.8 billion to $19.1 billion versus $18.2 billion to $18.6 billion prior, plus visible volume momentum: NGL transportation up 13%, exports up 25%, crude oil transportation up 4%, and long-term agreements on about 300,000 Bbls d of y-grade assets extending into the 2030s.
NVDA · 2026-08-26 · accel #7 — Q2 FY27 ended July 26, 2026: revenue $96.2B; GAAP gross margin 75.0%; operating income $63.7B. Revenue rose 106% year over year and 18% quarter over quarter; operating income increased 124% year over year and 19% quarter over quarter. Data Center was $89.0B, up 117% from a year ago, while management guided Q3 revenue to $108.0B, plus or minus 2%, with no Data Center compute revenue from China assumed and gross margin expected at 74.0% plus or minus 50 bps. The debate from here is whether Vera Rubin and the broader AI factory buildout can keep absorbing supply at this pace as Blackwell ramps and China stays excluded.
AMD · 2026-08-04 · accel #9 — For Q2 2026 ended June 28, 2026, revenue was $11.536 billion, gross margin was 54%, and operating income was $1.990 billion, with operating margin at 17%. Revenue rose 50% year over year and 13% quarter over quarter; operating income was up 1,585% year over year and 35% sequentially, helped by the reset versus last year’s export-control-related charges. What matters now is the data center mix: Data Center revenue more than doubled to $6.718 billion and operating income rose to $2.103 billion, while management pointed to continued ramp of AMD Instinct GPUs, Helios rack-scale wins, and up to 2 gigawatts of deployment with Anthropic, which should keep AI backlog and capacity utilization in focus.
ADI · 2026-08-19 · accel #10 — Fiscal third quarter 2026 ended August 1, 2026: revenue was $4.02 billion, gross margin was 67.3%, and operating income was $1.61 billion. Revenue grew 40% year over year from $2.88 billion, while operating income rose 97% from $818 million; gross margin expanded 520 basis points year over year. Data center and industrial led the top line, with industrial at 49% of sales and communications up 84% year over year, and management said demand strengthened across the portfolio and regions. The key debate from here is whether the record fourth-quarter outlook for $4.3 billion in revenue and approximately 42.6% reported operating margin can hold as the mix stays strong and broad-based demand carries into fiscal 2027.
MU · 2026-06-24 — Third quarter fiscal 2026 ended May 28, 2026: revenue was $41.46 billion; GAAP gross margin was 84.6%; GAAP operating income was $33.32 billion, with operating margin of 80.4%. Revenue rose 346% year over year and 74% quarter over quarter; operating income increased 1,437% year over year and 106% quarter over quarter. The setup remains dominated by AI memory demand and strategic customer agreements, while Q4 guidance for about $50.0 billion of revenue and approximately 86% gross margin suggests the debate now centers on how durable this peak mix and pricing are as Micron keeps investing at record levels in capacity and technology.
VICR · 2026-07-21 — Q2 2026 (quarter ended 2026-06-30): revenue $143.4M (product + royalty); gross margin 58.0%; operating income $34.9M. Growth: revenue +26.9% quarter over quarter; year-over-year headline is +1.6% versus $141.0M, but that prior period included a $45M patent settlement, so the underlying product/royalty run-rate is much stronger; operating income −23% versus that settlement-boosted year-ago quarter. Color: backlog $380M (+26% QoQ / +145% YoY); first ChiP fab filling up, with steps toward a second fab for denser second-generation vertical power delivery (VPD).
ANET · 2026-08-04 — Second quarter 2026 ended June 30: revenue was $3.036 billion, GAAP gross margin was 62.9%, and GAAP operating income was $1.378 billion, or 45.4% operating margin. Revenue rose 37.7% year over year and 12.1% sequentially; operating income increased 39.7% year over year versus $986.2 million in Q2 2025. The key debate from here is whether the first $3 billion quarter can hold as AI fabric demand, enterprise campus momentum, and the new 1.6-terabit platform offset supply-chain and tariff risks, with Q3 guide pointing to about $3.3 billion of revenue and 48% to 49% non-GAAP operating margin.
APH · 2026-07-29 — Second quarter 2026, ended June 30: revenue was $8.758 billion, gross margin 40.5%, and operating income was $2.585 billion, for a 29.5% operating margin. Revenue rose 55% year over year, 54% in constant currency and 30% organically; operating income increased from $1.419 billion a year ago. The quarter printed a 1.23:1 book-to-bill on $10.7 billion of orders, with strength led by Communications Solutions and especially IT datacom; management lifted 2026 CommScope sales expectations to $4.6 billion and said third-quarter sales should run $9.3 billion to $9.4 billion, with no added tariff recoveries assumed.
AVGO · 2026-06-03 — For the second quarter of fiscal 2026 ended May 3, 2026, Broadcom reported revenue of $22.187 billion, gross margin of $15.415 billion, and operating income of $10.788 billion, with gross margin at 69.5% and operating margin at 48.6%. Revenue rose 48% year over year versus $15.004 billion, while operating income increased 85% from $5.829 billion. The key debate now is whether accelerating AI semiconductor demand can sustain the step-up, as management guided third-quarter revenue to about $29.4 billion, or 84% growth year over year, with non-GAAP operating margin expected at 67% and semiconductor AI revenue seen above $16.0 billion.
BE · 2026-07-28 — Second quarter 2026 ended June 30, 2026: revenue was $1.065 billion, gross margin was 33.4%, and operating income was $182.2 million. Revenue increased 165.5% year over year from $401.2 million, while operating income improved from a $3.5 million loss a year ago. Product revenue led the beat at $935.4 million, with gross margin up 668 basis points and operating margin at 17.1%. The key stock debate from here is execution against sharply raised full-year guidance to $3.9 billion-$4.2 billion revenue and $800 million-$900 million non-GAAP operating income, with demand still being driven by hyperscalers, neoclouds, artificial intelligence labs, and colocation data center approvals.
DELL · 2026-05-28 — Dell Technologies reported first-quarter fiscal 2027 ended May 1, 2026 revenue of $43.842 billion, gross margin of $7.782 billion, and operating income of $3.656 billion. Revenue rose 88% year over year, gross margin increased 58%, and operating income jumped 214%; operating margin was 8.3% versus 5.0% a year ago. The key debate is whether record AI-optimized server demand and a $24.4 billion AI order book can sustain the raised FY27 outlook, with AI server revenue now expected at roughly $60 billion and full-year revenue guided to $165.0 billion-$169.0 billion, midpoint $167.0 billion.
EPD · 2026-07-30 — For 2Q 2026 ended June 30, Enterprise Products Partners reported revenue of $18.269 billion, gross operating margin of $2.991 billion, and operating income of $2.249 billion. Revenue rose 60.7% year over year and operating income increased 25.3%; gross margin was not stated on a GAAP basis in the filing, so the closest disclosed profitability measure is total gross operating margin. The setup remains constructive: record pipeline and marine terminal volumes, plus new project approvals for Frac 15 and two gas processing plants, keep organic growth and capacity additions in focus as the main debate from here.
INTC · 2026-07-23 — Second quarter 2026, ended June 27, 2026: revenue was $16.1 billion, gross margin was 40.4%, and operating income was $1.8 billion. Revenue rose 25% year over year from $12.9 billion, while operating income improved to a gain from a $3.2 billion loss a year ago; the company said this was its strongest revenue growth in more than fifteen years. The key debate now is whether AI-driven demand, 18A risk production, and higher factory yields can support the third-quarter guide of $15.8 billion to $16.8 billion as Intel steps up spending on equipment, clean room space, and substrates.
MPC · 2026-08-04 — Second-quarter 2026, ended June 30: revenue was $52.3 billion, gross margin was $6.6 billion, and income from operations was $7.3 billion. Revenue rose 53% year over year from $34.1 billion, while operating income increased more than 3x from $2.2 billion; the operating margin was 14.0% versus 6.4% a year ago. What matters now is the refining spread tailwind and mix: refinery margin improved to $36.33 per barrel, utilization held at 94%, and management is still leaning on high-return projects plus capital returns, with El Paso and Robinson already in service and MPLX growth spend stepping up.
PLTR · 2026-08-03 — Second quarter ended June 30, 2026: revenue was $1.935 billion, gross margin was 84%, and income from operations was $912 million, or a 47% operating margin. Revenue grew 93% year over year and 19% quarter over quarter; operating income grew from $269 million a year ago to $912 million. The stock debate now centers on whether the company can sustain this AI-sovereignty-driven demand while converting a record $2.132 billion of U.S. commercial total contract value and a $6.238 billion U.S. commercial remaining deal value into durable guidance beat-and-raise execution, with full-year revenue guidance lifted to $8.150 billion-$8.158 billion and U.S. commercial revenue guidance to at least 134% growth.
PWR · 2026-07-30 — Second quarter 2026, ended June 30: revenues were $9.56 billion, gross profit was $1.55 billion for a 16.2% gross margin, and operating income was $694.8 million for a 7.3% operating margin. Revenue rose 41.1% year over year, while operating income increased 87.7%. The key debate from here is visibility: management said it is significantly increasing 2026 financial expectations across all metrics, and quarter-end backlog of $53.4 billion and remaining performance obligations (RPO) of $33.6 billion support the next leg, with recent acquisitions adding capacity and end-market breadth across electric, technology, and load-center work.
WDC · 2026-08-05 — Fiscal fourth quarter 2026 ended July 3, 2026: revenue was $3.75 billion, GAAP gross margin was 54.1%, and GAAP operating income was $1.56 billion, for an operating margin of 41.7%. Revenue rose 44% year over year and 12% quarter over quarter; operating income increased 130% year over year and 31% quarter over quarter. The stock debate stays centered on whether AI-driven storage demand and customer visibility can sustain this margin profile, with Q1FY27 revenue guidance for up 42% to 49% year over year and management calling out continued confidence in demand durability and further margin expansion.