Company Analysis
Peloton cut its way to its first annual profit
The fiscal 2026 profit is real, but $178 million of cost cuts and a single quarter carried it, in a year when revenue, subscribers, and guidance all fell.
Super Micro reported $2.2 billion in net income. Its operating cash flow was negative $6.8 billion.
The company's own cash-flow statement shows why: fiscal 2026 revenue grew 78%, and the growth went into inventory and receivables instead of the bank.
Cerebras's revenue concentration barely fell as its second-biggest customer changed
Cerebras's newest 10-Q shows the two related-party customers that once carried 88% of revenue falling to 59%, while a customer the filing never names took 32% of the second quarter's revenue on its own.
Most of SpaceX's $1.75 trillion price rests on the AI unit it bought in February
SpaceX's first quarterly report as a public company shows Starlink earning the revenue and the AI unit spending 86% of the capital without a profit to show, so the documented business alone cannot carry the price.
Palantir's price bets on four more years of 40 percent revenue growth
Even after a 93 percent quarter, the price still needs revenue to roughly triple before the multiple looks ordinary, and the stock was 40 percent off its high when it beat.
Lilly's guidance keeps rising as its prices keep falling
Lilly sells one molecule as both Mounjaro and Zepbound, and it is buying volume in newly reimbursed markets like China by accepting far less for every dose.
Reddit raised guidance and lost a fifth of its value in a day
Revenue jumped 61 percent and profit beat the Street, but US daily active users, the figure Reddit's valuation leans on, slipped from the prior quarter for the first time in five quarters as Google search referrals turned choppy.
Apple's iPhone cycle masks a slowing services engine
An iPhone upgrade cycle and a $0.11-per-share tariff refund pushed Apple's June quarter to a $109.4 billion record, while Services growth slowed to 12.1 percent and missed Wall Street's estimate.
July 2026Boeing's cash rebound came from customer deposits, not delivered jets
Boeing collected $4.7 billion of new customer deposits in the first half of 2026, more than all the operating cash it reported, while free cash flow stayed $823 million in the red.
Alphabet's free cash flow turns negative for the first time
Capital spending of $44.9 billion outpaced the $39.1 billion Alphabet's business generated in cash in the quarter that ended June 30, 2026, even as a $98.0 billion pre-tax investment gain pushed net income to a record $112 billion.
Vertiv's $15 billion backlog already exceeds its guided 2026 revenue
Organic orders grew 252% in the fourth quarter and the stock ran from $124 to a $376 peak on the same story, a backlog that has never yet been tested by a slowdown.
CoreWeave's depreciation and interest already consume most of its revenue
Its GPUs depreciate over six years while the debt that bought them is paid in cash today, so a record $98.8 billion order book has to outrun both.