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Nasdaq 100 Stocks SEC Filings — October 29, 2026

USA NASDAQ-100

By Gunpowder Editorial ·

11 high priority 10 medium priority 21 total filings analysed

Executive Summary

The 21 filings reveal a market bifurcated by AI infrastructure spending: Amazon, Alphabet, and Intel all posted strong top-line growth (12%, 24.6%, and 21% YoY respectively) driven by cloud and data-center demand, but margin and cash-flow pressures are mounting—Amazon swung to a $42.4B TTM free-cash-flow outflow on $94.8B higher capex, and Alphabet's net income fell 24.3% YoY despite 29.9% operating-income growth due to a $21B swing in other income.

Guidance is mixed: Amazon projects AWS growth >40% through 2028, Intel guides Q4 revenue down sequentially to $15–16B with GAAP EPS collapsing to $0.10, and Starbucks expects FY2027 revenue to decline ~1% even as comps turn positive. Insider activity skews bearish: three Texas Instruments directors sold a combined ~$4.3M of stock at ~$302, and Apple's GC sold $824K under a 10b5-1 plan, while Netflix's co-CEO gifted shares. Capital allocation remains shareholder-friendly at Cisco (99% of FCF returned) and Linde ($2.6B buybacks), but Gilead's $12.4B IPR&D charge will produce a GAAP loss per share of $(4.40)–$(4.05) for 2026. Across the stream, the dominant pattern is AI-driven revenue acceleration colliding with elevated capex, tax, and compensation costs, creating a wide dispersion in earnings quality.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Filing types in this digest: 8-K · 10-Q · Schedule 13D · DEFA14A · DEF 14A · Form 4

Tracking the trend? Catch up on the prior Nasdaq 100 Stocks SEC Filings digest from October 22, 2026.

Investment Signals (12)

  • Amazon ↓ (BULLISH)
    ▲

    AWS revenue accelerated to $46.0B (+39.3% YoY, $184B run rate) and management projects >40% growth in both 2027 and 2028, with Bedrock token volume up ~17x YoY and Fortune 500 spend up ~7x

  • Alphabet ↓ (BULLISH)
    ▲

    Q3 revenue grew 24.6% YoY to $127.6B and operating income rose 29.9% to $40.6B, with G&A down 17.0% YoY, signaling core operating leverage despite the net-income decline from non-operating items

  • Intel ↓ (BULLISH)
    ▲

    Data Center and AI revenue surged 78% YoY to $7.3B and Intel Foundry grew 58% to $6.7B, with non-GAAP EPS up 126% to $0.52, showing the turnaround is gaining traction in high-value segments

  • Cisco ↓ (BULLISH)
    ▲

    FY2026 revenue rose 12% to $63.3B, GAAP EPS jumped 31% to $3.33, and the company returned $12.7B (99% of free cash flow) via dividends and buybacks

  • Starbucks ↓ (BULLISH)
    ▲

    Q4 global comparable sales rose 7.2% (ticket +5.2%, transactions +1.8%) and GAAP operating margin expanded 790 bps to 10.8%, with non-GAAP EPS up 54% to $0.80

  • Gilead ↓ (BULLISH)
    ▲

    Q3 product sales ex-Veklury rose 16% to $8.2B, HIV sales grew 18% to $6.2B, Trodelvy jumped 42%, and full-year 2026 product sales guidance was raised to $31.0–31.3B

  • Mondelez ↓ (BULLISH)
    ▲

    Q3 net earnings jumped 75.6% to $1.3B and diluted EPS rose to $1.02 from $0.57, with gross profit up 50.2% as cost of sales fell 15.3%

  • Linde ↓ (BULLISH)
    ▲

    Q3 sales rose 9% YoY to $9.4B with adjusted EPS up 9% to $4.59, and management raised full-year 2026 adjusted EPS guidance to $17.82–$17.92 (8–9% growth)

  • Texas Instruments ↓ (BEARISH)
    ▲

    Three directors sold a combined ~$4.3M of stock at ~$302 per share within days, with Sanchez selling 5,588 shares ($1.69M) and Patsley selling 4,532 shares ($1.37M)

  • Apple ↓ (BEARISH)
    ▲

    SVP, GC and Government Affairs Jennifer Newstead sold 2,399 shares at $343.36 (~$824K) under a Rule 10b5-1 plan

  • Strategy Inc ↓ (BEARISH)
    ▲

    BTC Yield turned negative at (3.7)% YTD with a BTC $ Gain of $(2.03)B, and the CFO is stepping down effective November 5, 2026, creating leadership uncertainty

  • T-Mobile US ↓ (NEUTRAL)
    ▲

    Deutsche Telekom's stake rose to 55.9% passively due to T-Mobile's buybacks, with no open-market purchases in the prior 60 days, signaling no incremental conviction from the controlling shareholder

Risk Flags (10)

  • Amazon↓ [HIGH RISK]
    ▼

    Trailing-twelve-month free cash flow swung to a $42.4B outflow from a $14.8B inflow as capex rose $94.8B, and net income declined to $20.7B ($1.89/share) from $21.2B ($1.95/share) due to lapping $9.5B of Anthropic investment gains

  • Alphabet↓ [HIGH RISK]
    ▼

    Other income swung from a $12.8B gain to an $8.2B expense, driving a 24.3% YoY net-income decline to $26.5B and EPS down to $2.12 from $2.87, while R&D rose 36.2% YoY to $20.6B

  • Intel↓ [HIGH RISK]
    ▼

    Q4 2026 guidance of $15.0–16.0B implies sequential and YoY decline, GAAP gross margin is guided down to 37.1% from 43.0%, and GAAP EPS is guided to just $0.10 with a 31% tax rate versus 11.6% in Q3

  • Gilead↓ [HIGH RISK]
    ▼

    Full-year 2026 GAAP diluted EPS is now expected to be a loss of $(4.40)–$(4.05), reflecting a ~$9.88 per-share impact from $12.4B in acquired IPR&D charges, while Veklury sales plunged 69% to $86M and Cell Therapy declined 18%

  • Starbucks↓ [HIGH RISK]
    ▼

    FY2027 guidance calls for revenue to decline ~1%, International comps grew only 0.9% with transactions down 2.8%, and the full-year effective tax rate jumped to 34.2% from 25.9%

  • Mondelez↓ [HIGH RISK]
    ▼

    Europe net revenues declined 3.3% (organic -2.1%) and YTD organic declined 2.0%, North America volume/mix was flat at 0.0 pp, YTD Adjusted Operating Income fell 1.0%, and asset impairments rose to $128M from $41M

  • Linde↓ [HIGH RISK]
    ▼

    Q3 operating profit fell 9.2% to $2.15B and GAAP EPS declined 10.5% to $3.66, with cost of sales up 13.3% outpacing 9.2% sales growth, APAC margin down 70 bps, and EMEA margin down 80 bps

  • Strategy Inc↓ [HIGH RISK]
    ▼

    Core software revenue declined 3% YoY to $125.4M, BTC Yield is negative at (3.7)% YTD, and the CFO transition (Andrew Kang out November 5, Reza Virasteh in January 1, 2027) creates execution risk

  • Texas Instruments↓ [MEDIUM RISK]
    ▼

    Three directors sold a combined ~$4.3M of stock at ~$302 within days, with Sanchez selling 5,588 shares ($1.69M) and Clark selling 3,956 shares ($1.2M), signaling potential valuation concerns at current levels

  • Meta Platforms↓ [MEDIUM RISK]
    ▼

    The 6.50% Series A Mandatory Convertible Preferred Stock adds $934M in annual dividend obligations and ranks senior to common, with mandatory conversion around August 15, 2029, creating potential dilution

Opportunities (10)

  • Amazon/AWS↓ (OPPORTUNITY)
    ◆

    Management projects AWS growth >40% in both 2027 and 2028, implying revenue could exceed $250B by 2028 from the current $184B run rate, with Bedrock token volume up ~17x YoY as generative AI workloads scale

  • Intel/Foundry↓ (OPPORTUNITY)
    ◆

    Intel Foundry grew 58% YoY to $6.7B and Data Center and AI surged 78% to $7.3B, suggesting the turnaround is gaining traction; watch for Q4 guidance execution and potential re-rating if foundry momentum persists

  • Gilead/HIV↓ (OPPORTUNITY)
    ◆

    HIV sales grew 18% to $6.2B and full-year product sales guidance was raised to $31.0–31.3B; the $12.4B IPR&D charge is non-cash and the non-GAAP EPS rose 3.2% to $2.55, creating a potential GAAP-vs-non-GAAP dislocation

  • Starbucks/Turnaround↓ (OPPORTUNITY)
    ◆

    Q4 comps turned positive at +7.2% with transactions +1.8%, and GAAP operating margin expanded 790 bps to 10.8%; if FY2027 revenue decline of ~1% proves conservative, EPS could surprise to the upside

  • Cisco/Capital Returns↓ (OPPORTUNITY)
    ◆

    FY2026 returned $12.7B (99% of FCF) via dividends and buybacks, with GAAP EPS up 31% to $3.33; the annual meeting on December 15, 2026 could bring governance updates and capital-allocation announcements

  • Linde/Guidance Raise↓ (OPPORTUNITY)
    ◆

    Full-year 2026 adjusted EPS guidance was raised to $17.82–$17.92 (8–9% growth) and Q4 adjusted EPS is guided to $4.40–$4.50 (5–7% growth), with nine-month diluted EPS up 3.9% to $11.79 despite Q3 GAAP pressure

  • Mondelez/Margin Recovery↓ (OPPORTUNITY)
    ◆

    Q3 gross profit surged 50.2% as cost of sales fell 15.3%, and the company reaffirmed 2026 organic revenue growth of at least 2% with flat-to-5% Adjusted EPS growth; the Undercover Snacks acquisition adds a growth vector

  • Meta/Preferred Dividend↓ (OPPORTUNITY)
    ◆

    The 6.50% Series A Mandatory Convertible Preferred Stock offers a 6.50% yield with quarterly dividends starting February 15, 2027, and mandatory conversion around August 15, 2029, providing income with equity upside

  • Strategy Inc/Bitcoin Discount↓ (OPPORTUNITY)
    ◆

    Average cost per bitcoin is ~$75,446 versus the October 23 market price of ~$81,200, and STRC repurchased 20.98M shares at $97.39 (a 2.6% discount to the $100 stated amount), suggesting the market may be undervaluing the bitcoin treasury

  • T-Mobile/Buyback Support↓ (OPPORTUNITY)
    ◆

    Deutsche Telekom's stake rose to 55.9% passively due to T-Mobile's buybacks, which reduce shares outstanding and support EPS; the controlling shareholder's proxy over SoftBank's 10M shares adds governance stability

Sector Themes (6)

  • AI Infrastructure Capex Supercycle
    ◆

    Amazon ($94.8B higher capex, $42.4B FCF outflow), Alphabet (R&D +36.2% to $20.6B), and Intel (Data Center/AI +78%) are all ramping AI-related spending, compressing near-term cash flow and margins but positioning for multi-year growth; investors should expect continued capex headwinds through 2027 [IMPLICATION: Favor companies with pricing power to offset depreciation]

  • Margin Compression from Cost Inflation
    ◆

    Linde (cost of sales +13.3% vs sales +9.2%), Mondelez (SG&A +12.1%, impairments $128M vs $41M), and Starbucks (effective tax rate 34.2% vs 25.9%) all reported cost pressures, with GAAP margins diverging from adjusted metrics; 3 of 5 consumer/industrial companies saw GAAP margin compression [IMPLICATION: Scrutinize non-GAAP reconciliations]

  • Insider Selling at Valuation Peaks
    ◆

    Texas Instruments (three directors sold ~$4.3M at ~$302) and Apple (GC sold $824K at $343.36) show insider distribution at elevated prices, while Netflix's co-CEO gifted shares (neutral signal); 4 of 5 insider transactions were sales [IMPLICATION: Monitor for broader insider selling as a sentiment indicator]

  • Guidance Divergence
    ◆

    Amazon (>40% AWS growth through 2028), Linde (raised EPS guidance), and Gilead (raised product sales guidance) contrast with Intel (Q4 revenue decline), Starbucks (FY2027 revenue -1%), and Mondelez (flat-to-5% EPS growth); the spread between AI winners and traditional businesses is widening [IMPLICATION: Rotate toward AI-exposed names with raised guidance]

  • Capital Allocation Prioritizes Shareholders
    ◆

    Cisco (99% of FCF returned), Linde ($2.6B buybacks), T-Mobile (buybacks lifting DT stake), and Meta (6.50% preferred dividend) show companies returning cash despite macro uncertainty; however, Amazon's FCF outflow and Gilead's $12.4B IPR&D spend highlight divergent priorities [IMPLICATION: Favor companies with sustainable FCF coverage of returns]

  • Bitcoin Treasury Strategy Under Pressure
    ◆

    Strategy Inc's BTC Yield turned negative at (3.7)% YTD with a $(2.03)B BTC $ Gain, and the CFO transition adds uncertainty; the average cost of ~$75,446 vs market ~$81,200 provides a thin cushion [IMPLICATION: Monitor bitcoin price sensitivity and management stability]

Watch List (8)

  • Intel/Q4 Guidance↓
    👁

    Q4 2026 revenue guided to $15.0–16.0B (down sequentially from $16.5B) with GAAP EPS of just $0.10 and gross margin down to 37.1%; watch for PC market recovery timing and foundry execution in H1 2027 [DATE: Q4 earnings call, likely January 2027]

  • Amazon/AWS Growth Trajectory↓
    👁

    Management projects >40% AWS growth in 2027 and 2028; watch for capex updates and FCF trajectory as the $94.8B capex increase weighs on cash flow [DATE: Q4 earnings call, early February 2027]

  • Starbucks/FY2027 Guidance↓
    👁

    FY2027 revenue is guided to decline ~1% despite Q4 comps +7.2%; watch for whether the turnaround accelerates and whether the tax rate normalizes [DATE: Q1 FY2027 earnings call, late January 2027]

  • Gilead/IPR&D Charges↓
    👁

    Full-year 2026 GAAP EPS guided to a loss of $(4.40)–$(4.05) due to $12.4B in IPR&D charges; watch for non-GAAP reconciliation and pipeline progress from Arcellx, Tubulis, and Ouro Medicines [DATE: Q4 earnings call, early February 2027]

  • Strategy Inc/CFO Transition↓
    👁

    CFO Andrew Kang steps down November 5, 2026, with CEO Phong Le as interim principal financial officer until Reza Virasteh becomes CFO on January 1, 2027; watch for bitcoin treasury strategy updates and BTC Yield stabilization [DATE: November 5, 2026]

  • Cisco/Annual Meeting↓
    👁

    Virtual annual meeting on December 15, 2026 at 8:00 a.m. Pacific Time; watch for say-on-pay vote results, director elections, and any capital-allocation announcements [DATE: December 15, 2026]

  • Tesla/Annual Meeting↓
    👁

    2026 Annual Meeting on December 3, 2026 at 3:00 PM CT; watch for re-election of Elon Musk, Robyn Denholm, and JB Straubel, and any updates on FSD adoption (1.74M paid customers, ~75% North America attach rate) [DATE: December 3, 2026]

  • Meta/Preferred Dividend↓
    👁

    First quarterly dividend on the 6.50% Series A Mandatory Convertible Preferred Stock payable February 15, 2027; watch for Class C dividend trigger event deadline of April 15, 2029 [DATE: February 15, 2027]

Filing Analyses (21)
AMAZON COM INC 8-K mixed materiality 9/10

29-10-2026

Amazon reported Q3 2026 net sales up 12% YoY to $201.9 billion (13% ex-FX) from $180.2 billion, with operating income jumping to $28.1 billion and a record 13.9% operating margin. AWS accelerated sharply, up 39.3% YoY to $46.0 billion ($184 billion run rate), while North America (+6%) and International (+5%) grew far more slowly. However, net income declined to $20.7 billion ($1.89/share) from $21.2 billion ($1.95/share) due to $9.5 billion of prior-year Anthropic investment gains, and trailing-twelve-month free cash flow swung to a $42.4 billion outflow from a $14.8 billion inflow amid a $94.8 billion increase in capex.

  • · AWS projected revenue growth rates of over 40% in both 2027 and 2028, per CEO Andy Jassy
  • · Prime Day timing shift to Q2 in most large countries reduced reported Q3 growth by roughly 400 basis points
  • · Fortune 500 companies spent nearly 7x more on Bedrock YoY; total Bedrock token volume grew nearly 17x YoY
  • · Tens of thousands of customers use AgentCore, deploying 2x more agents in Q3 than the prior three quarters combined
  • · Amazon Now orders up 10x YoY; fresh groceries and essentials growing ~3x faster than rest of store and ~half of all units
  • · Amazon acquired DuckLabs, maker of open source DuckDB
  • · Strands harness lowers agent task cost by 32% through greater token efficiency
  • · Q4 2026 guidance anticipates ~60 basis points unfavorable FX impact; advertising revenue expected to grow high teens in Q4
  • · Amazon remains on track to begin initial Amazon Leo satellite service later this year; signed strategic agreement with AT&T
  • · Zoox now operating in 12 U.S. cities, with paid rides in Las Vegas and testing in San Diego and Houston
GILEAD SCIENCES, INC. 8-K mixed materiality 8/10

29-10-2026

Gilead reported Q3 2026 total product sales up 13% YoY to $8.3B, with product sales excluding Veklury up 16% to $8.2B, driven by HIV (+18% to $6.2B) and strong Trodelvy (+42%) and Descovy (+49%) growth. However, GAAP diluted EPS fell to $1.94 from $2.43 YoY on net losses from equity securities, higher opex and tax, while Veklury sales plunged 69% to $86M and Cell Therapy declined 18% to $355M. The company raised full-year 2026 product sales guidance to $31.0-31.3B but now expects a GAAP diluted loss per share of $(4.40)-$(4.05), reflecting ~$9.88 per share impact from $12.4B in acquired IPR&D charges tied to the Arcellx, Tubulis, Ouro Medicines and PepStar transactions.

  • · GAAP diluted EPS declined 20.2% YoY to $1.94 from $2.43, while non-GAAP diluted EPS rose 3.2% to $2.55 from $2.47
  • · R&D expenses rose 23.1% YoY to $1.6B from $1.3B; SG&A rose 14.3% YoY to $1.6B from $1.4B
  • · Product gross margin improved to 81.0% from 78.6%; non-GAAP gross margin to 88.1% from 86.5%
  • · Effective tax rate rose to 20.7% from 16.2%; non-GAAP ETR to 19.0% from 17.5%
  • · Cash declined to $6.4B from $10.6B at Dec 31, 2025, driven by $11.3B acquisition outflows, $2.8B debt repayments, $3.1B dividends and $1.1B buybacks
  • · FY2026 GAAP diluted loss per share guidance of $(4.40)-$(4.05) vs prior $(3.75)-$(3.40); non-GAAP $(1.20)-$(0.85) vs prior $(0.65)-$(0.30)
  • · FY2026 guidance includes ~$9.88 per share impact from $12.4B acquired IPR&D charges
  • · Board declared Q4 2026 dividend of $0.82 per share, payable Dec 30, 2026 to holders of record Dec 15, 2026
  • · CMS set Maximum Fair Price for Biktarvy under Medicare, effective January 1, 2028
  • · FDA approved Bixlenvo (bictegravir/lenacapavir) single-tablet regimen for HIV treatment
  • · EC authorized Trodelvy plus Keytruda for PD-L1-positive 1L mTNBC
  • · Definitive agreement to acquire PepStar's oral IL-23R inhibitor program including HCXT-2001
Strategy Inc 8-K mixed materiality 9/10

29-10-2026

Strategy Inc reported Q3 2026 operating income of $20.91 billion (vs $3.89 billion in Q3 2025), driven almost entirely by a $20.91 billion gain on digital assets, with net income of $19.53 billion and diluted EPS of $44.75 (vs $8.42 prior year). However, core software revenue declined 3% YoY to $125.4 million from $128.7 million, and BTC Yield was negative at (3.7)% YTD with a BTC $ Gain of $(2.03) billion, reflecting a challenging bitcoin market. The company also announced CFO Andrew Kang will step down effective November 5, 2026, with CEO Phong Le serving as principal financial officer until Reza Virasteh becomes CFO on January 1, 2027.

  • · BTC Gain of (24,947) YTD 2026 and BTC $ Gain of $(2.03) billion based on October 23, 2026 bitcoin price of $81,200
  • · Average cost per bitcoin of approximately $75,446 vs market price of approximately $81,200
  • · STRC repurchased 20,980,508 shares at average price of $97.39, a 2.6% discount to $100 stated amount
  • · USD Assets provide approximately 3.4 years of coverage on dividend and interest obligations
  • · STRC upgraded to daily dividends starting November 1, 2026; STRF, STRK, STRD to daily dividends starting January 1, 2027
  • · Company expects preferred distributions to be treated as non-taxable return of capital (ROC) for ten years or more
  • · No repurchases under the $1.0 billion MSTR repurchase program to date
  • · Board authorization to sell bitcoin to fund USD Reserve up to $1.25 billion of bitcoin sales
  • · Andrew Kang steps down as CFO effective November 5, 2026, remaining as advisor through December 31, 2026
  • · Reza Virasteh becomes EVP and CFO effective January 1, 2027, serving as co-principal financial officer alongside Phong Le
  • · Strategy is the 4th largest equity issuer in the U.S. with $21.23 billion raised YTD
  • · Conference call scheduled October 29, 2026 at 5:00 p.m. ET
Meta Platforms, Inc. 8-K neutral materiality 7/10

29-10-2026

Meta Platforms filed an 8-K disclosing a Certificate of Designations creating 14,375,000 shares of 6.50% Series A Mandatory Convertible Preferred Stock, authorized by the Board on October 19, 2026 and set by the Pricing Committee on October 27, 2026. The preferred ranks senior to all junior stock, on parity with parity stock, and junior to existing and future indebtedness, pays quarterly dividends (Feb/May/Aug/Nov) from February 15, 2027 through August 15, 2029, and mandatorily converts around August 15, 2029 based on a 20-trading-day VWAP averaging period. The filing also references a contingent Class C dividend (one Class C share per Class A/B share) declared October 19, 2026, contingent on filing and effectiveness of a Restated Charter, with a Class C Trigger Event deadline of April 15, 2029.

  • · Dividend Payment Dates are February 15, May 15, August 15 and November 15 each year, commencing February 15, 2027 through August 15, 2029
  • · Initial Dividend Period runs from the Initial Issue Date to (but excluding) February 15, 2027
  • · Mandatory conversion Final Averaging Period is the 20 consecutive Trading Day period beginning on the 21st Scheduled Trading Day immediately preceding August 15, 2029
  • · Class C Trigger Event must occur on or prior to April 15, 2029 for the Class C Dividend to be effective
  • · Class C Dividend Trigger Date is the later of the Class C Trigger Event date and the first anniversary of the last original issuance date of the Series A Preferred
  • · Conversion and Dividend Disbursing Agent is Computershare Trust Company, N.A.
  • · Fundamental Change includes a person/group acquiring more than 50% beneficial ownership of Class A Common Stock
  • · Certificate of Designations signed October 28, 2026 by Katherine R. Kelly, Vice President and Corporate Secretary
  • · Board authorized the Pricing Committee on October 19, 2026; Pricing Committee adopted the resolution on October 27, 2026
Alphabet Inc. 10-Q mixed materiality 9/10

29-10-2026

Alphabet reported Q3 2026 (three months ended September 30, 2026) revenues of $127,577 million, up 24.6% YoY from $102,346 million, and net income of $26,468 million, down 24.3% YoY from $34,979 million, as other income swung from a $12,759 million gain to an $8,221 million expense. Operating income grew 29.9% YoY to $40,576 million, while diluted EPS fell to $2.12 from $2.87, and expenses rose across R&D and cost of revenues even as general and administrative costs declined.

  • · Other income swung from a $12,759 million gain in Q3 2025 to an $8,221 million expense in Q3 2026, the main driver of the net income decline despite stronger operating income.
  • · Q3 2026 research and development expense rose 36.2% YoY to $20,640 million, while cost of revenues rose 24.4% and sales and marketing rose 22.2%.
  • · Q3 2026 general and administrative expense fell 17.0% YoY to $6,138 million.
  • · Nine-month 2026 net income includes a $127,478 million other income contribution versus $26,604 million in the prior-year period.
  • · Long-term debt rose from $46,547 million to $125,102 million between December 31, 2025 and September 30, 2026.
  • · Total cash, cash equivalents, and marketable securities rose to $265,098 million from $126,843 million at year-end 2025.
  • · Q3 2026 other comprehensive loss of $(2,041) million compared with a gain of $73 million in Q3 2025, reducing comprehensive income to $24,427 million.
LINDE PLC 8-K mixed materiality 7/10

29-10-2026

Linde plc reported third-quarter 2026 sales of $9,404 million, up 9% YoY (5% underlying, including 1% favorable currency), with adjusted EPS of $4.59, up 9%. However, GAAP net income of $1,692 million fell 12% and GAAP diluted EPS of $3.66 declined 11%, while the Americas, APAC and EMEA operating margins were mixed, with APAC and EMEA margins below prior year. Management raised the full-year 2026 adjusted EPS outlook to a range of $17.82 to $17.92 (8% to 9% growth), and guided Q4 adjusted EPS to $4.40 to $4.50 (5% to 7% growth).

  • · GAAP operating margin was 22.9%, versus adjusted operating margin of 29.4%, reflecting purchase accounting and cost reduction charges.
  • · APAC operating margin was 27.4%, 70 bps below prior year (40 bps excluding cost pass-through).
  • · EMEA operating margin was 35.1%, 80 bps below prior year, flat excluding cost pass-through.
  • · Linde Engineering order intake was $499 million in the quarter, while third-party equipment backlog stood at $2.9 billion.
  • · Q3 shareholder returns of $1,685 million (dividends and net buybacks) exceeded free cash flow of $1,777 million only modestly, leaving limited headroom.
  • · FY2026 capex is guided to $5.5B to $6.0B, including the $7.9 billion contractual sale of gas project backlog.
  • · Q4 2026 adjusted EPS guidance of $4.40 to $4.50 is expected with no FX translation impact.
INTEL CORP 8-K mixed materiality 9/10

29-10-2026

Intel reported Q3 2026 revenue of $16.5B, up 21% YoY, with GAAP EPS of $0.60 (down 33% YoY) while non-GAAP EPS rose 126% to $0.52. Data Center and AI revenue surged 78% to $7.3B and Intel Foundry grew 58% to $6.7B, but Client Computing (CCPG) declined 5% to $8.1B and All Other fell 30% to $0.7B amid a PC slowdown expected to persist through H1 2027. Q4 2026 guidance of $15.0B-$16.0B implies sequential and YoY decline, with GAAP EPS guided to just $0.10.

  • · Q4 2026 guidance of $15.0B-$16.0B implies a sequential decline from Q3's $16.5B and roughly flat to down YoY versus Q3 2025's $13.7B base
  • · Q4 2026 GAAP gross margin guided to 37.1% (down from Q3's 43.0%) and non-GAAP to 38.0% (down from 44.1%)
  • · Q4 2026 GAAP tax rate guided to 31% versus 11.6% in Q3; non-GAAP tax rate guided to 11%
  • · Q4 2026 GAAP EPS guided to $0.10 versus non-GAAP $0.25
  • · GAAP tax rate rose 5 ppts YoY to 11.6% while non-GAAP tax rate fell 1 ppt to 11.0%
  • · Altera was deconsolidated following sale of 51% of its common stock on September 12, 2025, affecting All Other segment comparability
  • · CCPG was renamed from Client Computing Group (CCG) in Q1 2026
  • · CEO cited near-term PC industry headwinds expected to continue at least through H1 2027
  • · Company completed a $23B public equity offering to maintain investment-grade rating
  • · Announced plans to acquire Classiq for quantum computing software
  • · Earnings webcast scheduled for 2 p.m. PT on October 29, 2026
STARBUCKS CORP 8-K mixed materiality 8/10

29-10-2026

Starbucks reported Q4 FY2026 global comparable coffeehouse sales up 7.2% (ticket +5.2%, transactions +1.8%), with North America comps +7.9% and U.S. +7.7%. However, consolidated net revenues fell 4% to $9.1 billion, driven by the conversion of Starbucks China retail operations to a licensed JV model, and International comps grew only 0.9% as transactions declined 2.8%. GAAP operating margin expanded 790 bps to 10.8% and GAAP EPS rose 392% to $0.59 (Non-GAAP EPS $0.80, +54%); full-year revenue grew 2% to $37.9 billion with FY2027 guidance calling for revenue to decline ~1%.

  • · Q4 effective tax rate rose to 27.1% from 18.8% prior year; Non-GAAP effective tax rate up 100 bps to 24.7%
  • · Full year effective tax rate 34.2% vs 25.9% prior year; Non-GAAP effective tax rate down 90 bps to 24.8%
  • · Q4 Channel Development operating income flat at $264.3M vs $265.2M, margin expanded 460 bps to 53.5%
  • · North America segment operating margin expanded 780 bps to 12.3% from 4.5%
  • · International segment operating margin expanded 890 bps to 19.7% from 10.8%
  • · FY2027 guidance: Non-GAAP operating margin 13.5%-14.0%; Non-GAAP EPS $3.15-$3.25 (including slightly more than ten cents from 53rd week)
  • · FY2027 is a 53-week year; 53rd week impact reflected in Q4 FY2027
  • · Dividend of $0.63 per share payable November 27, 2026 to shareholders of record November 13, 2026
  • · Company plans to resume share repurchases in fiscal 2027
  • · Q4 FY2026 included 250 North America coffeehouse closures; Q4 FY2025 included 584 closures under prior restructuring plan
  • · Earnings conference call scheduled today at 1:15 p.m. Pacific Time; webcast replay available until December 11, 2026
Strategy Inc 8-K neutral materiality 6/10

29-10-2026

Strategy Inc (formerly MicroStrategy Incorporated) adopted an Amended and Restated Certificate of Designations for its 10.00% Series A Perpetual Strife Preferred Stock, effective January 1, 2027 at 12:01 a.m. Eastern, as approved by the Board and stockholders under Delaware Section 242. The restated terms set the 10.00% dividend rate, define ranking versus Dividend Junior Stock (including Perpetual Stretch, Stream, Strike and Stride Preferred plus Class A and Class B Common Stock), and grant holders a Fundamental Change repurchase right and voting rights to designate up to two preferred directors upon regular dividend non-payment events. The filing is a governance/security-holder-rights update with no financial results or period-over-period performance data disclosed.

  • · Amendment and Restatement Effective Time is January 1, 2027 at 12:01 a.m. Eastern
  • · Initial Issue Date of the Series A Perpetual Strife Preferred Stock was March 25, 2025
  • · Company was formerly known as MicroStrategy Incorporated and is a Delaware corporation
  • · Dividend Junior Stock includes the Perpetual Stretch, Perpetual Stream, Perpetual Strike and Perpetual Stride Preferred Stock plus Class A and Class B Common Stock
  • · Holders may designate up to two preferred stock directors upon regular dividend non-payment events
  • · Fundamental Change includes a person or group acquiring more than 50% of voting power of common equity or Class A Common Stock, or sale of all or substantially all assets
  • · Company retains optional redemption and tax redemption rights over the preferred stock
  • · No sinking fund obligations apply to the preferred stock
  • · No preemptive rights are granted to holders
Mondelez International, Inc. 10-Q mixed materiality 8/10

29-10-2026

Mondelez reported Q3 2026 net revenues of $9,967M, up 2.3% YoY from $9,744M, while net earnings attributable to the company jumped 75.6% to $1,305M and diluted EPS rose to $1.02 from $0.57. Gross profit surged 50.2% to $3,924M as cost of sales fell 15.3% to $6,043M, but SG&A expenses rose 12.1% to $2,012M and asset impairments/exit costs climbed to $128M from $41M. Nine-month net revenues grew 4.9% to $29,402M with net earnings up 91.1% to $3,413M, though operating cash flow growth (+23.1% to $2,606M) was tempered by a $529M decline in cash balances and higher receivables usage of $1,212M.

  • · Nine-month 2026 SG&A rose to $5,929M from $5,231M (+13.3% YoY)
  • · Nine-month 2026 asset impairments and exit costs were $194M vs $45M prior year
  • · Q3 2026 benefit plan non-service income was $27M vs a $27M expense in Q3 2025
  • · Nine-month 2026 unrealized gain on derivative contracts was $1,091M vs a $1,161M loss prior year
  • · Receivables used $1,212M of cash in 9M 2026 vs $92M in 9M 2025
  • · Nine-month 2026 common stock repurchases fell to $845M from $1,893M
  • · Quarterly dividend raised to $0.520 per share from $0.500
  • · Total debt rose with short-term borrowings at $3,653M vs $2,688M at year-end 2025
  • · Goodwill declined to $24,025M from $24,336M and intangibles to $19,346M from $19,628M
  • · Nine-month 2026 net cash used in financing activities was $1,952M vs $1,346M
T-Mobile US, Inc. SC 13D/A neutral materiality 4/10

29-10-2026

Deutsche Telekom AG and its subsidiaries filed Amendment No. 36 to their Schedule 13D, disclosing aggregate beneficial ownership of 592,065,875 T-Mobile shares (55.9% of outstanding) as of October 23, 2026. The percentage stake rose passively — not through new purchases — because T-Mobile's series of share repurchases reduced total shares outstanding; the Reporting Persons effected no transactions in the prior 60 days. Of the total, 582,065,875 shares are held directly by DT Holding and 10,000,000 by SoftBank's Signal Bright LLC subject to a proxy and call options granted to Deutsche Telekom.

  • · Ownership percentage increase was driven solely by T-Mobile's buybacks reducing shares outstanding, not by new purchases by Deutsche Telekom
  • · Reporting Persons have shared (not sole) voting and dispositive power over all 592,065,875 shares
  • · Deutsche Telekom disclaims beneficial ownership of shares held by SoftBank entities not subject to the proxy
  • · No transactions in Common Stock were effected by Reporting Persons in the 60 days preceding the filing
  • · Original Schedule 13D was filed May 10, 2013; this is the 36th amendment
  • · T-Mobile share count reference date is October 23, 2026, per its Form 10-Q filed October 28, 2026
CISCO SYSTEMS, INC. DEFA14A neutral materiality 2/10

29-10-2026

Cisco Systems filed definitive additional proxy soliciting materials (DEFA14A) on October 29, 2026, supplementing its proxy statement ahead of its 2026 annual meeting of stockholders. The filing is a routine procedural disclosure with no fee required and contains no financial results, transaction terms, or monetary figures. No period-over-period financial comparisons are available in this filing.

  • · Filing is a DEFA14A (Definitive Additional Materials) under Schedule 14A, Section 14(a) of the Securities Exchange Act of 1934
  • · Filed by the registrant itself (not a third party)
  • · No filing fee required
  • · SEC file number 001-39940; film number 261502020; accession number 0001308179-26-000440
  • · Company incorporated in Delaware, fiscal year end July 31, SIC code 3576 (Computer Communications Equipment)
  • · Business address: 170 West Tasman Dr, San Jose, CA 95134-1706; phone 408-526-4000
  • · Document contains 3 public documents, including embedded graphic exhibits
CISCO SYSTEMS, INC. DEF 14A positive materiality 6/10

29-10-2026

Cisco's FY2026 (ended July 25, 2026) was a record year: revenue reached $63.3 billion, up 12% year-over-year, with GAAP operating margin up 350 bps to 24.3% and non-GAAP operating margin up 40 bps to 34.8%. GAAP EPS rose 31% to $3.33 and non-GAAP EPS rose 14% to $4.33, while the company returned $12.7 billion (99% of free cash flow) via dividends and buybacks. However, the non-GAAP operating margin improvement was modest at just 40 bps versus the 350 bps GAAP gain, and the proxy centers on routine governance matters—electing ten directors, an advisory say-on-pay vote, ratifying PwC for FY2027, and two stockholder proposals the Board opposes.

  • · Annual Meeting to be held virtually on December 15, 2026 at 8:00 a.m. Pacific Time; record date October 16, 2026
  • · Board recommends FOR all ten director nominees, FOR the advisory say-on-pay resolution, FOR ratification of PwC as auditor for fiscal year ending July 31, 2027, and AGAINST two stockholder proposals
  • · Non-GAAP operating margin expanded only 40 bps to 34.8%, far below the 350 bps GAAP margin gain, reflecting a narrower improvement on an adjusted basis
  • · Cisco describes FY2026 as delivering the highest revenue, non-GAAP operating margin, and earnings per employee in 30 years
  • · Stockholder engagement covered holders representing approximately 59% of shares outstanding at fiscal year-end
  • · Proxy materials first sent on or about October 29, 2026; fiscal year end is July 31
Mondelez International, Inc. 8-K mixed materiality 8/10

29-10-2026

Mondelez reported Q3 2026 net revenues up 2.3% to $9,967 million, with organic growth of 2.1% driven by volume/mix +1.8% and pricing +0.3%. Diluted EPS jumped 78.9% to $1.02 and Adjusted EPS rose 5.5% constant currency to $0.78, but Europe net revenues declined 3.3% (organic -2.1%) and North America grew only 1.1%, while YTD Adjusted Operating Income fell 1.0% and YTD Adjusted EPS declined 0.9%. The company also announced an agreement to acquire Undercover Snacks and reaffirmed 2026 outlook of at least 2% organic revenue growth and flat-to-5% Adjusted EPS growth.

  • · Europe was the only region with declining net revenues in Q3 (-3.3% reported, -2.1% organic) and YTD organic decline of -2.0%
  • · North America Q3 volume/mix was flat (0.0 pp) with growth driven entirely by pricing (+1.6 pp)
  • · Developed Markets Q3 net revenue growth was just 0.5% (organic 0.8%) with pricing down -0.7 pp
  • · YTD 2026 Adjusted Operating Income declined 1.0% reported and 3.7% constant currency; Adjusted EPS fell 0.9% reported and 4.1% constant currency
  • · Q3 reported gross profit margin rose 1260 basis points to 39.4% largely on favorable mark-to-market derivative impacts, not purely operational gains
  • · 2026 outlook: organic net revenue growth of at least 2%, Adjusted EPS growth flat to 5% constant currency, Free Cash Flow ~$3 billion
  • · Currency translation expected to add ~1.5% to 2026 net revenue growth and $0.04 to Adjusted EPS
  • · Outlook excludes any potential tariff changes to USMCA-compliant trade
  • · YTD capital return of $2.8 billion via dividends and share repurchases
TEXAS INSTRUMENTS INC 4 negative materiality 6/10

29-10-2026

Director PATSLEY PAMELA H sold 4,532 Common Stock at $301.56 (~$1.37M). PATSLEY PAMELA H holds 34,487 shares after the transaction.

  • · Director PATSLEY PAMELA H exercised/converted 4,532 Common Stock at $104.41 (~$473K)
  • · Director PATSLEY PAMELA H sold 4,532 Common Stock at $301.56 (~$1.37M)
  • · Director PATSLEY PAMELA H exercised/converted 4,532 NQ Stock Option (Right to Buy)
TEXAS INSTRUMENTS INC 4 negative materiality 6/10

29-10-2026

Director CLARK JANET F sold 3,956 Common Stock at $302.40 (~$1.2M). 4 transactions reported in total. CLARK JANET F holds 11,341 shares after the transaction.

  • · Director CLARK JANET F exercised/converted 4,306 Common Stock at $110.15 (~$474K)
  • · Director CLARK JANET F sold 3,956 Common Stock at $302.40 (~$1.2M)
  • · Director CLARK JANET F sold 350 Common Stock at $303.17 (~$106K)
  • · Director CLARK JANET F exercised/converted 4,306 NQ Stock Option (Right to Buy)
TEXAS INSTRUMENTS INC 4 negative materiality 7/10

29-10-2026

Director SANCHEZ ROBERT E sold 5,588 Common Stock at $302.14 (~$1.69M). 4 transactions reported in total. SANCHEZ ROBERT E holds 21,600 shares after the transaction.

  • · Director SANCHEZ ROBERT E exercised/converted 6,065 Common Stock at $79.26 (~$481K)
  • · Director SANCHEZ ROBERT E sold 5,588 Common Stock at $302.14 (~$1.69M)
  • · Director SANCHEZ ROBERT E sold 477 Common Stock at $303.07 (~$145K)
  • · Director SANCHEZ ROBERT E exercised/converted 6,065 NQ Stock Option (Right to Buy)
Tesla, Inc. DEFA14A neutral materiality 4/10

29-10-2026

Tesla filed a DEFA14A definitive additional proxy solicitation on October 29, 2026, urging shareholders to vote FOR all proposals — most importantly the re-election of three Class I Directors (Elon Musk, Robyn Denholm, JB Straubel) — at the 2026 Annual Meeting on December 3, 2026 at 3:00 PM CT. The letter touts 35,566% total shareholder return since IPO and trailing-twelve-month revenue of $100+ billion, alongside 1.74 million paid FSD (Supervised) customers and a ~75% North America attach rate as of Q3 2026. However, the filing is purely solicitation material with no new financial results, no period-over-period operating metrics, and no forward guidance, so it offers limited incremental fundamental disclosure for investors.

  • · 2026 Annual Meeting scheduled for December 3, 2026 at 3:00 PM CT
  • · Model Y described as the best-selling vehicle of any kind globally in 2025
  • · Next Gen Roadster unveiled in October 2026
  • · Core vehicle production scaled 10x in six years
  • · Robyn Denholm cited with nearly 30 years of executive leadership experience
  • · Robyn Denholm committee roles: Audit Committee (Chair), Compensation Committee, Nominating and Corporate Governance Committee, Disclosure Controls Committee (Chair)
  • · Proxy solicitor: Innisfree M&A Incorporated; shareholder line +1 (877) 717-3936 (US/Canada), +1 (412) 232-3651 (international), banks/brokers +1 (212) 750-5833
  • · TSR calculated from June 29, 2010 IPO price through October 28, 2026 close, with reinvested dividends
  • · No new financial results, guidance, or period-over-period operating comparisons disclosed in this filing
NETFLIX INC 4 neutral materiality 4/10

29-10-2026

Co-CEO Peters Gregory K gifted 1,519 Common Stock. Peters Gregory K holds 119,412 shares after the transaction.

  • · Co-CEO Peters Gregory K gifted 1,519 Common Stock
Apple Inc. 4 negative materiality 5/10

29-10-2026

SVP, GC and Government Affairs Newstead Jennifer sold 2,399 Common Stock at $343.36 (~$824K). Newstead Jennifer holds 32,396 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · SVP, GC and Government Affairs Newstead Jennifer sold 2,399 Common Stock at $343.36 (~$824K)
LINDE PLC 10-Q mixed materiality 7/10

29-10-2026

Linde plc reported Q3 2026 sales of $9,404 Million, up 9.2% YoY from $8,615 Million, and nine-month sales of $27,474 Million, up 8.9% from $25,222 Million. However, Q3 operating profit fell 9.2% to $2,150 Million from $2,367 Million, driven by a $425 Million cost reduction program and other charges, and Q3 net income attributable to Linde plc declined 12.3% to $1,692 Million from $1,929 Million. Diluted EPS for the quarter was $3.66 versus $4.09 a year earlier, a 10.5% decline, though nine-month diluted EPS rose 3.9% to $11.79.

  • · Q3 2026 cost of sales rose 13.3% YoY to $4,962 Million, outpacing the 9.2% sales growth and compressing margins
  • · Q3 2026 income taxes rose 5.9% to $449 Million against a 9.7% decline in pre-tax income, lifting the effective tax burden
  • · Nine-month capital expenditures rose 9.7% to $4,172 Million, while share repurchases were $2,632 Million, down from $3,211 Million
  • · Cash and cash equivalents fell 21.9% from $5,056 Million at year-end 2025 to $3,947 Million, with the company's net change in cash down $1,109 Million for nine months
  • · Accumulated other comprehensive income improved to $(5,632) Million from $(6,233) Million, driven largely by foreign currency translation gains

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