Nasdaq 100 Stocks SEC Filings — October 23, 2026

Q3 2026 revenue up 27.7% YoY to $6,055M and net income up 77.8% YoY to $2,425M, with diluted EPS of $2.62 vs $1.48 led by Analog (+31.7%) and Embedded Processing (+21.0%)

Nine-month operating cash flow rose 56.0% to $7,642M while capex fell 54.4% to $1,653M, pointing to strong free cash generation and lower reinvestment intensity

Geographic growth was broad, with EMEA up 24.2% to $1,207M, Japan up 17.9% to $369M, and Rest of World up 40.5% to $104M, showing demand strength beyond a single region

Investing cash flow of -$2,736M vs -$763M prior year was cushioned by $1,104M of CHIPS Act proceeds, so the headline improvement is partly subsidy-driven rather than purely operational

Nine-month income tax provision rose to $807M from $500M despite higher pre-tax income, implying a higher effective tax rate that could compress net margin conversion going forward

Chairman and CEO Ramon Laguarta sold 30,000 shares at $135.13 (about $4.05M), retaining 491,645 shares, a sizable open-market sale by the top executive

Director Richard Dalzell converted 52 RSUs at $590.80 (about $30.7K), leaving 11,583 shares held, a routine director compensation event with no discretionary signal

Director Thomas Szkutak converted 43 RSUs at $590.80 (about $25.4K), leaving 5,763 shares held, consistent with ongoing director equity accumulation

Nine-month tax provision rose 61% to $807M from $500M on higher pre-tax income, a sharp increase in tax burden that caps earnings quality gains

$1,104M of CHIPS Act proceeds offset investing outflows, so reported cash flow improvement depends partly on government funding that may be non-recurring

Other segment revenue declined 5.9% YoY even as core segments surged, signaling weakness in a non-core business line

Interest and debt expense held flat at $141M, so with revenue growing 27.7% leverage costs did not scale, but any rate-driven refinancing would add pressure

CEO Laguarta Ramon sold 30,000 shares (about $4.05M) at $135.13, and the filing's negative sentiment and 6/10 materiality mark it as a meaningful insider-selling signal

Director conversions were priced at $590.80, so any reference-price-based equity grants at this level indicate elevated valuation expectations that could be vulnerable to a pullback

Analog revenue up 31.7% YoY with the segment leading growth, supporting continued earnings leverage as the cycle recovers

Nine-month operating cash flow of $7,642M (+56.0%) combined with a 54.4% capex decline supports capital return capacity and balance-sheet flexibility

EMEA (+24.2%), Japan (+17.9%), and Rest of World (+40.5%) growth suggests the upturn is global rather than regional, widening the revenue base

Diluted EPS rose to $2.62 from $1.48 (+77%), a magnitude that may attract re-rating if the run rate is sustained into Q4

Director equity conversions at Intuit reflect steady alignment of board compensation with shareholder value, a constructive governance signal

Texas Instruments delivered 27.7% revenue growth and 77.8% net income growth, with CHIPS Act proceeds of $1,104M supporting cash flow, indicating the analog/embedded cycle is strengthening alongside government industrial policy [implication: earnings quality should be assessed net of subsidies]

TI's capex fell 54.4% YoY to $1,653M while operating cash flow rose 56.0%, suggesting the sector has shifted from build-out spending toward harvesting returns on existing capacity [implication: free cash flow conversion improves as investment cycles mature]

Among four filings, two were routine director RSU conversions at Intuit (neutral) and one was a sizable CEO sale at PepsiCo (negative), showing that large-cap insider selling remains concentrated in top executives while board activity stays compensation-driven [implication: monitor executive sales for clustering]

TI's tax provision rose 61% YoY on higher pre-tax income, a pattern that, if shared by other profitable NASDAQ-100 constituents, would compress net margin expansion even as operating results improve [implication: effective tax rate is an underappreciated earnings headwind]

Watch whether the Q3 revenue and EPS momentum (27.7% and $2.62) carries into Q4 guidance, and whether the tax provision normalizes; next earnings release timing not specified in filing

Track future CHIPS Act proceeds, since the $1,104M inflow flatters investing cash flow and any reduction would reverse part of the cash flow improvement

Monitor for additional Form 4 sales by Ramon Laguarta or other PepsiCo officers following the $4.05M sale at $135.13, to determine whether this is isolated or part of a pattern

The $135.13 sale price is the reference point for assessing whether insider selling is clustering near current levels

Continue tracking director RSU conversions and cumulative holdings (Dalzell 11,583; Szkutak 5,763) for signs of sustained board accumulation versus routine vesting

Monitor the 5.9% YoY decline in Other segment revenue for signs it is broadening into a drag on consolidated growth