Intel beat its guidance, then guided gross margin from 44.1% to 38.0%
Intel's release of October 29, 2026 shows Q3 revenue +21% and EPS $0.52, then guides Q4 to a 38.0% margin and EPS $0.25. A worked reading of both halves.
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Companies, earnings, valuations and catalysts. Evidence on both sides — never a price target.
Company pagesCoverage pages with financials, evidence on both sides and upcoming catalysts.
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Nov 2, 2026
Nov 2, 2026
Big Tech spent $203bn on capex in one quarter. Cash went negative
Four companies reported $202.9bn of capex for the quarter to September 30, 2026, double a year earlier. Three show negative free cash flow.
Oct 30, 2026
Alphabet fell 12.64% in a day. The release shows capex above cash flow
Alphabet fell 12.64% on October 29, 2026, larger than all but 6 of 5,583 sessions since 2004. Revenue rose 25%; capex of $51,355m topped operating cash flow.
Oct 16, 2026
Big-four bank profit fell to $33.4bn in Q3 2026 from $42.5bn
JPMorgan, Bank of America, Wells Fargo and Citi earned $33.4bn in the quarter to September 30, 2026. Reserves were built, and four capital ratios fell.
Oct 13, 2026
Four banks, $42.5bn of Q2 profit: how to read the Q3 releases
JPMorgan, Wells Fargo, Citi and Bank of America report Q3 results on October 13 and 14, 2026. Their Q2 filings show the five lines to read first.
Oct 7, 2026
Micron's 55-cent gap: reading an earnings release line by line
Micron reported $32.87 a share under GAAP and $33.42 adjusted. Its own reconciliation shows where the $697 million went. A worked guide.
Sep 28, 2026
S&P 500 firms spent $249 billion on buybacks in Q3 2025. Your share.
The index's own tally: $249.0 billion of repurchases in Q3 2025, $1.020 trillion over 12 months. None of it is a return. Here is what it does to a share.
Sep 28, 2026
How to read a 10-K in twenty minutes: five places the truth hides
An 84-page annual report has five sections that carry most of the information. Here is the order to read them in, tested on a real filing from February 2026.
Sep 14, 2026
$10,000 in NVIDIA in 2014 is $5.4 million. The interesting number is the $523,236 you had to watch disappear.
The return is the least useful fact about this trade. What decided whether you collected it was a ten-month stretch in 2022 when your position fell by 63% — and you were still up thirtyfold while it happened.
Aug 17, 2026
Before you buy NVIDIA: what to check in the earnings report
Written nine days before NVIDIA's second-quarter results, this is what an investor should understand about the business — and what an earnings report can and cannot tell you, whichever quarter it is.
Aug 17, 2026
What a $5.45 trillion price tag actually assumes about NVIDIA
The most common argument about NVIDIA is whether it is expensive. That is the wrong question. Here is the arithmetic of what the market was paying for on August 15, 2026 — with every assumption disclosed.