All Episodes

Delta Air Lines (DAL): Unbundling first class & the death of budget airlines [Q2 2026]

Daily Earnings: Hacking the retail end-cap (PEP, BYRN, WDFC) | Jul 9

PepsiCo (PEP): The gas station drag & hiding inflation with tariffs [Q2 2026]

Byrna (BYRN): Shuttering the ammo plant & the $50 suburban pivot [Q2 2026]

WD-40 (WDFC): The Disney sales surge & the hidden margin trap [Q3 2026]

Daily Earnings: GIS and STZ alter physical products to force sales | Jul 1

Constellation Brands (STZ): The 47% wine mirage & paying for phantom factories [Q1 2027]

General Mills (GIS): The $3B pet food write-off & protein-stuffed pasta [Q4 2026]

Daily Earnings: Manufactured Scarcity & War Factories (NKE, AVAV) | Jun 30

Nike (NKE): The $1B phantom profit & the deliberate $2B sneaker purge [Q4 2026]

AeroVironment (AVAV): Firing $10 lasers & weaponizing negative cash flow [Q4 2026]

Daily Earnings: Chip Deposits & AI Limits (MU, BB, DRI) | Jun 25

Darden (DRI): The 14-week illusion & Olive Garden's shrinking portions [Q4 2026]

BlackBerry (BB): Securing state secrets & standardizing NVIDIA’s robots

Micron (MU): Big Tech's $22B deposit and a $100B SaaS memory backlog [Q3 2026]

Daily Earnings: Heavy AI logistics and sailing empty (CBRS, FDX, CCL) | Jun 23

Cerebras (CBRS): Renting back sold chips to fulfill a $20B AI backlog [Q1 2026]

Carnival (CCL): Empty cabins, dockside forklifts & the 35-year accounting trick [Q2 2026]

FedEx (FDX): Shipping AI data centers & the $600M freight hangover [Q4 2026]

Daily Earnings: Ditching Robots & Billing Bots (KR, ACN) | Jun 18

Accenture (ACN): The $9B cyber pivot & escaping the body-shop model [Q3 2026]

Kroger (KR): Killing warehouse robots & the Ozempic grocery shift [Q1 2026]

Daily Earnings: Margin Sacrifices & Physical Supply Constraints (KMX, JBL, SWBI) | Jun 17

Smith & Wesson (SWBI): A 23% shipment surge & the $20M CNC machining pivot [Q4 2026]

CarMax (KMX): Sacrificing $230 per car & the shift to AI pricing algorithms [Q1 2027]

Jabil (JBL): The sub-2% CapEx AI builder & its Trojan horse cloud playbook [Q3 2026]

Daily Earnings: The debt clock on pricing pivots (DOMO, AIOT, CGC) | Jun 15

Domo (DOMO): The $137M debt trap and the race for a silent buyout [Q1 2027]

PowerFleet (AIOT): The algorithmic earnings hallucination & the hardware Trojan horse [Q4 2026]

Canopy Growth (CGC): The $11M medical inventory purge & Storz & Bickel's reset [Q4 2026]

Daily Earnings: AI Mortgage Freeze & The Freemium Trap (LEN, ADBE) | Jun 12

Lennar (LEN): AI buyer paralysis & the 121-day home assembly line [Q2 2026]

Adobe (ADBE): Burning cash for AI habits & a sudden C-suite exodus [Q2 2026]

Daily Earnings: The Physical Cost of Digital Scale (ORCL, CHWY) | Jun 10

Chewy (CHWY): The physical vet clinic pivot & a surprise $600M debt play [Q1 2026]

Oracle (ORCL): $638B backlog, BYO-GPUs & the massive CapEx dilution trap [Q4 2026]

Daily Earnings: Billing bots & 14-year physical lags (SAIL, UEC, SJM) | Jun 9

SailPoint (SAIL): Tollbooths for AI bots & the Wall Street cloud penalty [Q1 2027]

Uranium Energy (UEC): Zero spot sales & the 14-year nuclear bottleneck [Q3 2026]

J.M. Smucker (SJM): Slashing prices to hack margins & the $1B Uncrustable [Q4 2026]

Daily Earnings: Breaking legacy models to match physical reality (FCEL, CPB) | Jun 8

Graham Corporation (GHM): Lunar pumps, margin illusions & a $50M check [Q4 2026]

FuelCell Energy (FCEL): The AI dilution spree & a $42M Navy write-down [Q2 2026]

Vail Resorts (MTN): A 40-year snow drought & the SaaS-ification of skiing [Q3 2026]

Campbell's (CPB): Killing discounts to save the shelf & hacking hybrid debt [Q3 2026]

Daily Earnings: Breaking hardware timelines (PL, XE, CIEN, LULU) | Jun 4

X-Energy (XE): Asset-light nuclear reactors & the 50-year paperwork moat [Q1 2026]

Lululemon (LULU): Tariff margin collapse & shedding 15% of store SKUs [Q1 2026]

Planet Labs (PL): The $138M paper loss & deploying sovereign satellites in 120 days [Q1 2027]

Ciena (CIEN): The $7.7B hyperscaler backlog & the AI fiber bottleneck [Q2 2026]

Daily Earnings: Shadow financing hardware & the software bust (AVGO, AI) | Jun 3

C3.ai (AI): "Unspeakably horrible" sales & hunting enterprise whales [Q4 2026]

Broadcom (AVGO): 'Chips only' AI boom, margin math & inventory tell [Q2 2026]

CrowdStrike (CRWD): AI security tax and the $881M shopping cart [Q1 2027]

Daily Earnings: Bots Break the Foundation (GTLB, PANW) | Jun 2

HIVE Digital (HIVE): The $115M zero-interest trick & upfront GPU payments [Q4 2026]

GitLab (GTLB): Rebuilding for 'psychopathic' AI bots & the 14% RIF [Q1 2027]

Victoria's Secret (VSXY): The "promo detox" & a $14M Supreme Court windfall [Q1 2026]

Palo Alto Networks (PANW): The 25-minute AI hack & the hardware firewall revival [Q3 2026]

Daily Earnings: AI supply woes and contractor purges (HPE, CRDO) | Jun 1

Credo (CRDO): The $750M optical gamble & the rise of Neo Clouds [Q4 2026]

Hewlett Packard Enterprise (HPE): The 40% stock surge & replacing human ops with AI [Q2 2026]

Silvercorp Metals (SVM): The accounting glitch masking a silver cash machine [Q4 2026]

Daily Earnings: The AI Reality Gap & Tariff Chaos (DELL, COST) | May 28

Okta (OKTA): Bouncing corporate AI bots & taking an intentional revenue hit [Q1 2027]

Dollar Tree (DLTR): The $5 hammer logic & beating the retail shrink epidemic [Q1 2026]

Costco (COST): Weaponizing federal refunds & building an ad network [Q3 2026]

Dell (DELL): The $51B AI backlog & panic-buying legacy servers [Q1 2027]

Daily Earnings: Zero-human growth and billing the bot (CRM, SNOW) | May 27

Snowflake (SNOW): The $6B AWS bandwidth deal & AI freezing organic hiring [Q1 2027]

Synopsys (SNPS): The activist margin squeeze & billing for AI agents [Q2 2026]

Marvell Technology (MRVL): Prepaying $1B for AI chips & cracking Nvidia's moat [Q1 2027]

Salesforce (CRM): The $25B buyback debt & the end of classic cloud segments [Q1 2027]

Daily Earnings: Software hits a physical hardware wall (ZS, SMTC) | May 26

Pony AI (PONY): Breakeven robotaxis & the B2B hardware goldmine [Q1 2026]

Semtech (SMTC): The 35% data center leap & a 3x optical supply crunch [Q1 2027]

Zscaler (ZS): The 20% stock crash, server hoarding & AI agents [Q3 2026]

Daily Earnings: Assassinating the outside middleman (TTWO, WDAY) | May 21

Workday (WDAY): Flat headcount mandates & the zero-dollar software deployment [Q1 2027]

Star Bulk (SBLK): The $470M shadow deal & profiting from Red Sea friction [Q1 2026]

Take-Two Interactive (TTWO): The $0 AI ad agency & the $8B gravity of GTA 6 [Q4 2026]

Walmart (WMT): A million drone deliveries & the $175M invisible fuel drain [Q1 2027]

Daily Earnings: AI voltage walls & zero-tolerance labor traps (NVDA, ADI, TGT) | May 20

Target (TGT): Exclusive hype drops, surging labor costs & a $593M legacy ghost [Q1 2026]

Intuit (INTU): Axing 17% of staff & treating $12B Mailchimp like a sunk cost [Q3 2026]

Analog Devices (ADI): Hoarding silicon for the AI power war [Q2 2026]

NVIDIA (NVDA): The $119B supply lock-up & Jensen's live dividend edit [Q1 2027]

Daily Earnings: Hacking supply chains and absorbing costs (KEYS, HD, CAVA) | May 19

CAVA Group (CAVA): Refusing price hikes & the penny-neutral salmon [Q1 2026]

Keysight (KEYS): A $93M Supreme Court glitch & the race to test AI physics [Q2 2026]

Home Depot (HD): The $100B HVAC loophole & freeing the Orange Apron [Q1 2026]

Daily Earnings: Hardware gridlock forces FPS orders & Figma’s AI paywall | May 14

Figma (FIG): Ignoring the AI paywall curse & funding operations with Adobe's $1B [Q1 2026]

Applied Materials (AMAT): Panic booking to 2027 & the hidden cash drain [Q2 2026]

Intuitive Machines (LUNR): The $800M M&A hangover & the orbital data center pivot

Forgent Power (FPS): 6-month data center grids & the $200M insider tax drain

Daily Earnings: Hardware Rewiring & Supply Hoarding (CSCO, USAR) | May 13

USA Rare Earth (USAR): Panic buying magnets & a $2.8B stock dilution [Q1 2026]

Cisco (CSCO): The $1B AI pivot & designing gear with 50% less memory [Q3 2026]

Daily Earnings: Cold War Plutonium & Tariff Turnarounds (OKLO, UAA, NXT) | May 12

D-Wave (QBTS): The $33M bookings boom & the revenue accounting trap [Q1 2026]

Nextpower (NXT): The AI data center pivot & a $32M tax illusion [Q4 2026]

Oklo (OKLO): A $2.5B war chest, Cold War fuel & 229-day reactor builds [Q1 2026]

Under Armour (UAA): The $70M government gamble & the end of the Curry era [Q4 2026]

Daily Earnings: Hard Grid Limits, Deleted Revenue & Gold (PLUG, HIMS, B) | May 11

AST SpaceMobile (ASTS): The Q2 capex cliff & stacking tuna cans in orbit [Q1 2026]

Hims & Hers (HIMS): Torching a $33M GLP-1 supply & the branded weight-loss pivot [Q1 2026]

Barrick (B): Surviving Mali's gold heist & the upcoming North America IPO [Q1 2026]

Plug Power (PLUG): The $579M cash hostage & an AI grid bottleneck bailout [Q1 2026]

Daily Earnings: Physical bottlenecks and legacy buyouts (BAM, ENB) | May 8

Brookfield (BAM): The $20B real estate blitz & a looming Oaktree margin hit [Q1 2026]

Enbridge (ENB): The AI energy bottleneck & the $300M permitting trap [Q1 2026]

Wendy's (WEN): The margin cost of fresh beef & a 1,000-store China bet [Q1 2026]

Daily Earnings: AI labor cuts & margin subsidies (NET, MCD, RKLB) | May 7

Rocket Lab (RKLB): Weaponizing a hot stock & buying suppliers out of spite [Q1 2026]

CoreWeave (CRWV): The 1% margin panic & treating AI chips like real estate [Q1 2026]

Airbnb (ABNB): 60% AI code & the 'Pay Later' booking boom [Q1 2026]

Cloudflare (NET): 34% growth, AI replacing 1,100 jobs & the margin shock [Q1 2026]

Canadian Natural (CNQ): The political capital strike & hacking oil limits [Q1 2026]

McDonald's (MCD): The Minecraft hangover & the sub-$3 margin trap [Q1 2026]

Nutrien (NTR): Geopolitical windfalls, robot miners & a phosphate exit [Q1 2026]

Daily Earnings: Agentic AI Rewrites Software & Hardware (UBER, APP, ARM) | May 6

DoorDash (DASH): The $50M gas penalty & the triple tech stack dilemma [Q1 2026]

AppLovin (APP): The 85% margin ad engine & the rise of autonomous AI buyers [Q1 2026]

Arm (ARM): Liquid-cooled CPUs & dodging a partner revolt [Q4 2026]

Uber (UBER): Autonomous AI coders & the new capital-light robotaxi era [Q1 2026]

Daily Earnings: Grid Walls, Sovereign Taxes & AI Coders (SMCI, AMD) | May 5

Cameco (CCJ): Bypassing the spot market & the US government's 8% cut [Q1 2026]

Super Micro Computer (SMCI): The data center power bottleneck & a $6.6B cash burn [Q3 2026]

Lumentum (LITE): Nvidia's $2B bankroll & the AI hardware supply squeeze [Q3 2026]

Marathon Petroleum (MPC): Profiting from supply shocks & dodging SPR brokers [Q1 2026]

Advanced Micro Devices (AMD): Agentic AI revives the CPU & a 15% US tariff [Q1 2026]

Shopify (SHOP): The $116M lending trap & the bots writing half the code [Q1 2026]

Daily Earnings: Ruthless optimization and bypassing the AI tax (PINS, PLTR, PSKY) | May 4

Pinterest (PINS): The $2B balance sheet shocker & bypassing the big-tech AI trap [Q1 2026]

Norwegian Cruise Line Holdings (NCLH): Broken demand machine, cut-year guide [Q1 2026]

Palantir (PLTR): The AI token paradox & selling $1.6B with 7 reps [Q1 2026]

Paramount Skydance (PSKY): The $2.1B Netflix fee & deleting 1.9M users [Q1 2026]

Daily Earnings: Tech's Fossil Pivot & Naked Hedges (CVX, XOM) | May 1

Dominion Energy (D): The 50GW AI power surge & measuring customer anger [Q1 2026]

Linde (LIN): Stagnant volumes, Gulf Coast delays & rocket fuel [Q1 2026]

Exxon Mobil (XOM): The $4B naked hedge & conjuring a phantom refinery [Q1 2026]

Chevron (CVX): The $3B accounting trap & plugging Microsoft into the Permian [Q1 2026]

Daily Earnings: The zero-sum hardware margin war (AAPL, SNDK, CAT) | Apr 30

Royal Caribbean (RCL): The 40% airfare trap & private island economics [Q1 2026]

Caterpillar (CAT): The $12B AI power surge & eating a $600M tariff tax [Q1 2026]

Western Digital (WDC): The AI data exhaust pipe & wiping out $3.1B in debt [Q3 2026]

Apple (AAPL): Tim Cook steps down & tearing up the balance sheet playbook [Q2 2026]

SanDisk (SNDK): $11B in hostage money & the $42B subscription pivot [Q3 2026]

Daily Earnings: Accounting illusions mask the AI CapEx bill (AMZN, GOOGL, META) | Apr 29

Microsoft (MSFT): A $25B hardware inflation tax & the end of seat licenses [Q3 2026]

Amazon (AMZN): The $53B AI debt binge & a shadow chip empire [Q1 2026]

Alphabet (GOOGL): The $0 buyback freeze & the off-cloud hardware pivot [Q1 2026]

Meta Platforms (META): The EPS hallucination & funding silicon with layoffs [Q1 2026]

Teradyne (TER): The $1.1B AI hardware lag & breaking monopolies [Q1 2026]

Daily Earnings: Optical Illusions & Power Limits (STX, KO) | Apr 28

Robinhood (HOOD): The 60M child pipeline & the death of the $25k day trader rule [Q1 2026]

Bloom Energy (BE): The 2.45GW Oracle deal & bypassing the broken grid [Q1 2026]

Coca-Cola (KO): The 6-day calendar trick & a $14B IRS tax bomb [Q1 2026]

Booking Holdings (BKNG): The March transit freeze & the AI checkout [Q1 2026]

Seagate (STX): Sold out until 2028 & the massive Agentic AI storage boom [Q3 2026]

Nucor (NUE): Crushing foreign steel dumpers & front-running the AI grid crisis

Daily Earnings: Software Precision Replaces Brute Force | Apr 27

Amkor (AMKR): Passing the AI inflation bill & factory floor Tetris [Q1 2026]

Cadence (CDNS): The hidden AI utility meter & a $180M cash illusion [Q1 2026]

Verizon (VZ): The death of free phones & renting fiber to hyperscalers [Q1 2026]

Domino's (DPZ): The AI pizza hostage & bankrupting 450 rivals [Q1 2026]

Daily Earnings: Heavy industry funds the off-grid AI expansion | Apr 24

SLB (SLB): The $200M Middle East conflict tax & the Nvidia data center pivot [Q1 2026]

Procter & Gamble (PG): The $261M trash bag illusion & robot-run night shifts [Q3 2026]

Baker Hughes (BKR): The 1.2GW AI power pivot & surviving the Hormuz blockade [Q1 2026]

NextEra Energy (NEE): "Infinite return" gas plants & a $700M yieldco wipeout [Q1 2026]

SAP (SAP): The €135M stock crash bailout & the death of NPS [Q1 2026]

Newmont (NEM): Earthquakes, floods & a massive $6B buyback machine [Q1 2026]

Intel (INTC): Scraping the supply closet & the Musk Terafab alliance [Q1 2026]

Nokia (NOK): Ramping California laser fabs to feed an 18-month AI bottleneck [Q1 2026]

Union Pacific (UNP): The $1T Berkshire excuse & AI-automated yards [Q1 2026]

Lockheed Martin (LMT): The $291M software glitch & rewriting defense rules [Q1 2026]

ServiceNow (NOW): AI token pricing, a $4B cyber loan & the DOJ probe [Q1 2026]

Kinder Morgan (KMI): The AI power boom & squeezing yield from empty tanks [Q1 2026]

Boeing (BA): Missing luxury seats, 777X teardowns & a $6.9B debt flush [Q1 2026]

Lam Research (LRCX): The clean room squeeze & AI's $40B memory upgrade [Q3 2026]

Tesla (TSLA): The $25B AI spending spree & the Hardware 3 reality check [Q1 2026]

United Airlines (UAL): The $340M fuel shock & the unbundling of business class [Q1 2026]

Alaska Air (ALK): The 400% Singapore fuel trap & masking the Hawaiian numbers [Q1 2026]

Halliburton (HAL): Sold-out shale fleets & the literal cost of global conflict [Q1 2026]

UnitedHealth Group (UNH): Shedding 1.3M members & the 30-second AI doctor [Q1 2026]

Northrop Grumman (NOC): Selling its own planes & the $2.5B bomber bill [Q1 2026]

RTX Corporation (RTX): Reusable drone swarms & the 1% headcount scaling code [Q1 2026]

GE Aerospace (GE): $23B in panic-buying & a broken supply chain [Q1 2026]

Nano-X Imaging (NNOX): A $17M factory write-off & the med-tech waiting game [Q4 2025]

Cleveland-Cliffs (CLF): An $80M weather trap & the death of the aluminum car [Q1 2026]

Ericsson (ERIC): The hidden AI tax & pivoting 5G to war-time tech [Q1 2026]

Alcoa Corporation (AA): Aluminum strength lifted profit, but cash flow went negative [Q1 2026]

Netflix (NFLX): The Warner fee, Japan's surge and a tougher Q2 read [Q1 2026]

Abbott Laboratories (ABT): Fixing a 9-month colonoscopy queue & rare deflation [Q1 2026]

TSMC (TSM): The $56B agentic AI mandate & a permanent globalization tax [Q1 2026]

ASML (ASML): 1,000-watt lasers, software patches & the €40B geopolitics shrug [Q1 2026]

CarMax (KMX): The hotel CEO, algorithmic price chops & sub-prime risk [Q4 2026]

Johnson & Johnson (JNJ): The Stelara cliff & obsoleting rivals on purpose [Q1 2026]

Gloo (GLOO): Guardrailing God's AI & a massive $143M debt-to-equity flip [Q4 2025]

Horizon Aircraft (HOVR): The anti-air taxi bet & dropping a wing fan [Q3 2026]

JPMorgan (JPM): Dimon's arbitrage threat and the truth about AI in banking [Q1 2026]

Goldman Sachs (GS): The Treasury AI summons & running the capital tank hot [Q1 2026]

WD-40 (WDFC): The AI earnings hallucination & the 120-day oil forcefield [Q2 2026]

BlackBerry (BB): The AI safety layer & the 50M share mystery [Q4 2026]

Constellation Brands (STZ): Flying blind into the World Cup & Pacifico's surge [Q4 2026]

Applied Digital (APLD): Shrinking revenue to double profit & 1.2GW of shadow power [Q3 2026]

Delta Air Lines (DAL): The $2B fuel shock & the macro-immune traveler [Q1 2026]

Aehr Test Systems (AEHR): The AI bookings surge & a simple clock error [Q3 2026]

Levi Strauss (LEVI): The hidden $35M tariff sandbag & the pivot past denim [Q1 2026]

T1 Energy (TE): The solar fire sale & flipping solar for AI servers [Q4 2025]

Beyond Meat (BYND): The 5x share dilution & the pivot to GLP-1 diet drinks [Q4 2025]

NIKE (NKE): The $4B sneaker purge & the $230M cost of abandoning DTC [Q3 2026]

Sigma Lithium (SGML): Monetizing waste dust & the $151M liquidity cliff [Q4 2025]

Fermi America (FRMI): The sprint to build-up AI Power Infrastructure [Q4 2025]

Carnival (CCL): Cruise ships & the $500M fuel landmine [Q1 2026]

The Metals Company (TMC): Seabed mining & scavenging dead oil rigs [Q4 2025]

Veritone (VERI) Q4-25 earnings: Sold out of AI data & the fast-food camera barter

PONY AI (PONY) Q4-25 earnings: The $132M trading illusion & the zero-CapEx robotaxi

Argan (AGX) Q4-26 earnings: Building the physical AI grid & the 25% margin pop

Karman Holdings (KRMN) Q4-25 earnings: The $1B backlog & the cost-plus margin trap

Worthington (WOR) Q3-26 earnings: The accidental AI cooling play & a $205M cash drain

Ondas (ONDS) Q4-25 earnings: The $82M paper loss & a $550M defense prime pivot

PDD Holdings (PDD) (the Temu guys): Chinese ecommerce & the price of a rural moat

Chewy (CHWY) Q4-25 earnings: Betting on humanoids & an 84% Autoship fortress

Vertical Aerospace (EVTL) Q4-25 earnings: Weather delays, ticking clocks & a defense pivot

Velo3D (VELO) Q4-25 earnings: Biting a $7M bullet to build a 400-machine defense empire

Draganfly (DPRO) Q4-25 earnings: $90M in cash, a CFO mic fumble & the 80% services crash

Bionano (BNGO) Q4-25 earnings: The power-user pivot & a brutal supply chain trap

WeRide (WRD) Q4-25 earnings: Standalone robotaxi profits & the 1-to-40 human ratio

Planet Labs (PL) Q4-26 earnings: The $152M paper loss & the pivot to heavy metal defense

Accenture (ACN) Q2-26 earnings: The 5-day cash miracle & the death of the billable hour

Alibaba (BABA) Q3-26 earnings: The silicon straitjacket & a $100B cloud hack

FedEx (FDX) Q3-26 earnings: Historic peak profit & a $120M grounded fleet hit

Boyd Group (BGSI) Q4-25 earnings: The $1.2B buyout & an accidental holiday walkout

Jabil (JBL) Q2-26 earnings: The AI cooling retrofit & a $1B infrastructure land grab

General Mills (GIS) Q3-26 earnings: Slashing prices & the great Q4 calendar trick

Micron (MU) Q2-26 earnings: 70% price hikes & why AI is starving the PC supply chain

Elbit Systems (ESLT) Q4-25 earnings: Airborne lasers & the $28B backlog bottleneck

DocuSign (DOCU) Q4-26 earnings: The $2B buyback wall & the death of the user seat

Lululemon (LULU) Q4-25 earnings: Starving the sales rack & a looming proxy war

Oklo (OKLO) Q4-25 earnings: The $2.5B war chest & dodging the nuclear idiot index

WaterBridge (WBI) Q4-25 earnings: A $20M Excel mistake & the debt-heavy dividend

Semtech (SMTC) Q4-26 earnings: The $80 AI optical leap & hunting for used fab gear

Forgent (FPS) Q2-26 earnings: Hoarding factory workers & a 2.6x AI order boom

Dollar Tree (DLTR) Q4-25 earnings: The $100M price tag swap & the multi-price payoff

Lennar (LEN) Q1-26 earnings: The exit of corporate landlords & the 14% incentive trap

Wheaton (WPM) Q4-25 earnings: $746M in "lazy cash" & why BHP traded silver for dirt

DICK'S (DKS) Q4-25 earnings: The Foot Locker sneaker purge & GameChanger's ad moat

Ulta Beauty (ULTA) Q4-25 earnings: Beating retail shrink & masking slower footfall

Adobe (ADBE) Q1-26 earnings: The 18-year CEO exit & the death of stock photos

Dollar General (DG) Q4-25 earnings: Ripping out self-checkout & killing pOpshelf.

Campbell's (CPB) Q2-26 earnings: Halted buybacks & the 7% snack margin collapse

UiPath (PATH) Q4-26 earnings: The profit mirage & automating the "Department of War"

Franco-Nevada (FNV) Q4-25 earnings: The 90% margin paradox & built-in oil upside

Uranium Energy Corp (UEC) Q2-26 earnings: The $101 spot win & the 15-year paperwork trap

Oracle (ORCL) Q3-26 earnings: The 15% TikTok stake & $29B in customer-funded GPUs

NIO (NIO) Q4-25 earnings: The historic first profit & scaling an EV virtual power plant

Voyager (VOYG) Q4-25 earnings: The $450M stealth raise & the new gunpowder moat

Unusual Machines (UMAC) Q4-25 earnings: The $3B defense pivot & a $15M parts hoard

Vail Resorts (MTN) Q2-26 earnings: The outdoor SaaS weather shield & Gen Z pass pivot

Hewlett Packard Enterprise (HPE) Q1-26 earnings: Ruthless pricing & the $5B AI waitlist

Algonquin (AQN) Q4-25 earnings: Fleeing Canada & the $97M billing software trap

Canadian Natural (CNQ) Q4-25 earnings: A $5B accounting illusion & the shifted buyback goalposts

Marvell (MRVL) Q4-26 earnings: The $1B AI outlook raise & erased legacy segments

Ciena (CIEN) Q1-26 earnings: The $7B optical backlog and selling 2027 factory slots

Costco (COST) Q2-26 earnings: The ChatGPT pricing hack & a diluted membership moat

NexGen Energy (NXE) Q4-25 earnings: The $1.1B war chest & the $200 uranium bet

Dycom (DY) Q4-26 earnings: The $2B AI plumbing pivot & building fake training towns

Okta (OKTA) Q4-26 earnings: The Agentic AI pivot & a massive $1B buyback

American Eagle (AEO) Q4-25 earnings: Wiping $210M of debt & why Aerie banned AI models

Broadcom (AVGO) Q1-26 earnings: The $100B AI forecast & weaponizing the supply chain

Best Buy (BBY) Q4-26 earnings: The $900M ad network hiding inside a tech retailer

GitLab (GTLB) Q4-26 earnings: The $1B ARR milestone & a brutal accounting lag trap

Target (TGT) Q4-25 earnings: Pre-pandemic shrink & the $5B cure for broom closet logistics

CrowdStrike (CRWD) Q4-26 earnings: The $160M apology wedge & a quiet margin boost

Quantum Computing (QUBT) Q4-25 earnings: $1.5B in the bank, but only $198K in sales

Riot Platforms (RIOT) Q4-25 earnings: Liquidating Bitcoin to become AI landlords

Plug Power (PLUG) Q4-25 earnings: The $763M kitchen sink & the AI data center pivot

MongoDB (MDB) Q4-26 earnings: The 25% stock crash, a $100M mega-deal & an executive purge

Norwegian (NCLH) Q4-25 earnings: A $95M ghost app and the CEO's war on corporate silos

Berkshire Hathaway (BRK-B) Q4-25 earnings: A $370B cash pile & $0 in Q4 buybacks

Monster Beverage (MNST) Q4-25 earnings: The $2B winter quarter & the aluminum tariff trap

Dell (DELL) Q4-26 earnings: The $43B AI backlog & the return of pandemic pricing

Rocket Lab (RKLB) Q4-25 earnings: The outsourced tank failure & orbiting AI servers

CoreWeave (CRWV) Q4-25 earnings: The $67B backlog & the penalty for building too fast

Block (SQ) Q4-25 earnings: The AI workforce purge & monetizing shadow credit scores

Warner Bros. Discovery (WBD) Q4-25 earnings: The data blackout & the PSKY bidding war

Paramount Skydance (PSKY) Q4-25 earnings: Exiting 5M subscribers to chase a WBD mega-merger

Zoom (ZM) Q4-26 earnings: The $532M Anthropic windfall masks a $75M data center bill

Snowflake (SNOW) Q4-26 earnings: The $400M megadeal & throttling AI to save client budgets

Salesforce (CRM) Q4-26 earnings: The $50B buyback pivot & the death of per-seat pricing

NVIDIA (NVDA) Q4-26 earnings: The $11B data center surge & the end of pro-forma AI

Axon (AXON) Q4-25 earnings: $14.4B in backlog & surviving the SaaSpocalypse

First Solar (FSLR) Q4-25 earnings: The EPS blackout & a $150M idle factory strategy

Elanco (ELAN) Q4-25 earnings: Phantom debt, the $202M cleanup & the vet bill squeeze

Workday (WDAY) Q4-26 earnings: Taxing AI parasites & the $130M founder shakeup

MercadoLibre (MELI) Q4-25 earnings: 3M new credit cards & the great margin sacrifice

Home Depot (HD) Q4-25 earnings: The 28% roofing collapse & forced repair economy

Dominion Energy (D) Q4-25 earnings: The $15B AI grid surge & offshore wind's costly error

Domino's (DPZ) Q4-25 earnings: The zero-pricing strategy & the hidden insurance squeeze

Hims & Hers (HIMS) Q4-25 earnings: The $65M regulatory trap & negative free cash flow

Deere & Company (DE) Q1-26 earnings: Eating $600M in tariffs & the AI earthmover boom

PPL Corporation (PPL) Q4-25 earnings: The 25GW AI power boom & the zeroed-out JV

Opendoor (OPEN) Q4-25 earnings: A $1B paper bomb & the ruthless SaaS slaughterhouse

Etsy (ETSY) Q4-25 earnings: The $1.2B Depop reset & the end of the US hangover

Newmont (NEM) Q4-25 earnings: A $3B cash machine, an abandoned mine & the Barrick war

Teck Resources (TECK) Q4-25 earnings: 50% margins, broken shiploaders & dodging tariffs

Targa Resources (TRGP) Q4-25 earnings: Record EBITDA, $1B CapEx blitz & a 5-year tax pass

Southern Company (SO) Q4-25 earnings: The $123M debt penalty & the end of Plant Vogtle

Walmart (WMT) Q4-26 earnings: Ads hit 33% of profits & e-commerce margin inflection

Nutrien (NTR) Q4-25 earnings: The $300M weather trap & the rise of robot miners

Occidental (OXY) Q4-25 earnings: Surviving $59 oil & the end of the M&A era

Carvana (CVNA) Q4-25 earnings: The $685M tax windfall & the cost of "backsliding"

DoorDash (DASH) Q4-25 earnings: The $4B record, the cash flow crash & a risky tech rebuild

Booking Holdings (BKNG) Q4-25 earnings: The 25-to-1 stock split & a $550M efficiency pivot

Garmin (GRMN) Q4-25 earnings: The Fitness super-cycle & a guidance blackout

Analog Devices (ADI) earnings: The $2B AI pivot & the end of the industrial recession

Somnigroup (SGI) earnings: blaming the weather and buying the monopoly

Labcorp (LH) earnings: The consumer genetics drag and a $50M revenue cut

Leidos (LDOS) earnings: Tripling CapEx to build for the "Department of War"

Wendy's (WEN) earnings: The stock rally behind the 11% sales drop

Cameco (CCJ) earnings: $1.2B revenue and the missing CEO

Enbridge (ENB) earnings: Meta, AI power, and the "full flight" oil trade

Rivian (RIVN) earnings: Sales fell 26% but gross profit quadrupled

American Electric Power (AEP) earnings: The 56GW AI forecast and the $8B bill

Anheuser-Busch (BUD) earnings: The zero-alcohol boom vs. a China crash

Coinbase (COIN) earnings: The $667M loss vs. the $1.7B buyback

Applied Materials (AMAT) earnings: The clean room shortage and the $253M legal fix

Brookfield (BN) earnings: $11.6B in shadow revenue and the BNT merger

Airbnb (ABNB) earnings: The $1B seasonal profit drop and the pivot to hotels

Hilton (HLT) earnings: The "AI complex" construction bet

Kraft Heinz (KHC) earnings: The $600M bill for "unearned" prices

Cisco (CSCO) earnings: The tax bill that hid a $2.1B AI boom

Shopify earnings (SHOP): The $124B record quarter the market hated

McDonald's (MCD) earnings: Record traffic, flat revenue, and the CosMc's pivot

Ferrari (RACE) earnings: Selling fewer cars to make more money

Robinhood (HOOD) earnings: The $9B asset drop inside a record quarter

Ford (F) earnings: The $11B loss and the supply chain fire

Silvercorp (SVM) earnings: the $49 silver windfall masking grade decay

Coca-Cola (KO) earnings: The $960M BodyArmor hit vs. the $6B Fairlife bill

Cleveland-Cliffs (CLF) earnings: The "disaster" contract they finally killed

Becton Dickinson (BDX) earnings: Tariffs vs. the $4B buyback floor

Apollo (APO) earnings: The “zero software” bet and a hidden record quarter

Onsemi (ON) earnings: Expanding margins with half-empty factories

SAP’s €10B Apology: Q4 2025 earnings - 1.29.2026 (061)

The $431M loss the market loved: Under Armour Q3 2026 earnings - 2.6.2026 (060)

PAA is officially in "Self-Help" mode: Q4 2025 earnings - 2.6.2026 (059)

Why did Newell rally 16% on a loss?: Q4 2025 earnings - 2.6.2026 (058)

Philip Morris is DELETING the Map: Q4 2025 earnings - 2.6.2026 (057)

Alaska Air's premium seats are effectively SOLD OUT: Q4 2025 earnings - 1.23.2026 (056)

Barrick's record profits & killed buybacks: Q4 2025 earnings - 2.5.2026 (055)

Roblox is gentrifying: Q4 2025 earnings - 2.5.2026 (054)

Amazon’s $200 Billion CAPEX Shock: Q4 2025 earnings - 2.5.2026 (053)

Sony's Snoopy, Sensors, and a Trillion Yen Illusion: Q3 FY2025 earnings - 2.5.2026 (052)

Space Rockets & Severance Checks: Linde Q4 2025 earnings - 2.5.2026 (051)

AbbVie buys a Political Fortress: Q4 2025 earnings - 2.04.2026 (050)

The "Moat of Sprawl": Uber Q4 2025 earnings - 2.4.2026 (049)

Taco Bell is CARRYING the team: Yum! Q4 2025 earnings - 2.4.2026 (048)

The $180 Billion Bet: Alphabet Q4 2025 earnings - 2.4.2026 (047)

Is the "Pay with PayPal" button dying?: Q4 2025 earnings - 2.3.2026 (046)

AMD’s "Opportunistic Geometry": Q4 2025 earnings - 2.3.2026 (045)

The "Rich Man's" Burrito: Chipotle Q4 2025 earnings - 2.3.2026 (044)

Mickey Meets AI (and a $2B Tax Bill): Q1 2026 earnings - 2.2.2026 (043)

Palantir Breaks Physics: Q4 2025 earnings - 2.02.2026 (042)

Exxon is a DINOSAUR with a JETPACK: Q4 2025 earnings - 1.30.2026 (041)

Colgate-Palmolive's red flag for US economy: Q4 2025 earnings - 1.30.2026 (040)

Firing humans to serve robots: Master Card Q4 2025 earnings - 1.29.2026 (039)

Visa's "Financial Alchemy" & The Rise of Agentic Commerce: Q1 2026 earnings - 1.29.2026 (038)

Waste Management's "Harvest Year": Q4 2025 earnings - 1.29.2026 (037)

Apple breaks the China curse: Q1 2026 earnings - 1.29.2026 (036)

Thermo Fisher running up the down escalator: Q4 2025 earnings - 1.29.2026 (035)

Comcast’s "Everyday Pricing" gamble: Q4 2025 earnings - 1.29.2026 (034)

Caterpillar is now a DATA CENTER stock: Q4 2025 earnings - 1.29.2026 (033)

Lockheed Martin - "Department of War" wants VOLUME: Q4 2025 earnings - 1.29.2026 (032)

Canadian Pacific KC is choosing VIOLENCE: Q4 2025 earnings - 1.28.2026 (031)

Starbucks bought back the traffic: Q1 2026 earnings - 1.28.2026 (030)

Microsoft just spent $37 BILLION: Q2 2026 earnings - 1.28.2026 (029)

Meta's shock & awe quarter: Q4 2025 earnings - 1.28.2026 (028)

Seagate is effectively SOLD OUT: Q2 2026 earnings - 1.27.2026 (027)

Texas Instruments analog winter might finally be thawing. Q4 2025 - 1.27.2026 (026)

Boeing’s $10 EPS is a lie (sort of): Q4 2025 earnings explained - 1.27.2026 (025)

Union Pacific make more money selling land: Q4 2025 earnings explained - 1.27.2026 (024)

RTX and the Iron Dome for America: Q4 2025 earnings explained - 1.27.2026 (023)

Loss -> Gain? General Motors Q4 2025 earnings explained - 1.27.2026 (022)

American Airlines and the gentrification of the fuselage: Q4 2025 - 1.27.2026 (021)

Has Baker Hughes “sold out”? Q4 2025 - 1.26.2026 (020)

Ryanair’s calculated chaos for a financial fortress: Q3 2026 - 1.26.2026 (019)

Intel Q4 2025: Hoping for zero earnings - 1.22.2026 (018)

GE Aerospace Q4 2025: Infinite backlog - 1.22.2026 (017)

United Airlines Holdings, Inc. Q4 2025: A global shortage of engines = Bullish UAL - 1.21.2026 (016)

Halliburton Company Q4 2025: Fracking for AI - 1.21.2026 (015)

Johnson & Johnson Q4 2025: Trading Band-Aids for Robots to reach $100B - 1.21.2026 (014)

3M Company Q4 2025: Make 3M Great Again? - 1.20.2026 (013)

Netflix, Inc. Q4 2025: A Glimpse into a New Empire - 1.20.2026 (012)

BlackRock, Inc. Q4 2025: This could be Financial Art - 1.15.2026 (011)

TSMC Q4 2025: A $50B assertion for the AI supercycle - 1.15.2026 (010)

Citigroup Inc. Q4 2025: “Boring banking” might be the answer - 1.14.2026 (009)

Wells Fargo & Company Q4 2025: Is the giant stumbling? - 1.14.2026 (008)

Bank of America Q4 2025: Financial photoshop made the ratio look prettier? - 1.14.2026 (007)

Delta Air Lines, Inc. Q4 2025: An airline that’s actually a bank - 1.13.2026 (006)

JP Morgan Chase & Co. Q4 2025: Strategic pain for the biggest bank - 1.13.2026 (005)

WD-40 Company Q1 2026: Can a Smart Straw Strategy payoff? - 1.8.2026 (004)

Constellation Brands Q3 2026: Beer flashing a blue collar recession? - 1.8.2026 (003)

Albertsons Companies Q3 2025: Selling data > selling bananas - 1.07.2026 (002)

Costco Q1 2026: A sleeping digital giant? - 12.11.2025 (001)