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US Earnings Financial Results SEC Filings — July 28, 2026

Financial Results & Earnings

By Gunpowder Editorial ·

50 high priority 50 total filings analysed

Executive Summary

The Q2 2026 earnings season reveals a bifurcated market where revenue growth is often decoupled from profitability. While 60% of reporting companies (30/50) show top-line expansion, margin compression is a dominant theme, with 14 companies reporting declining net income despite higher revenues, driven by rising costs, impairments, and acquisition-related charges.

The most significant capital allocation trend is aggressive share repurchase activity, with at least 8 companies spending over $1B combined on buybacks, signaling management confidence but also contributing to declining cash reserves. The healthcare and industrial sectors show the strongest momentum, with Abbott Laboratories, Incyte Corp, and Steel Dynamics posting exceptional growth, while the energy and real estate sectors face headwinds from asset impairments and rising interest expenses. A notable development is the surge in M&A activity, with Element Solutions agreeing to be acquired and Abbott completing a $20B acquisition, suggesting a wave of consolidation. Insider trading data is sparse, but the absence of significant insider selling in the face of strong buyback programs is a positive signal. The overall sentiment is cautiously optimistic, with a focus on companies that can demonstrate both revenue growth and margin expansion.

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

Filing types in this digest: 10-Q · 10-K

Tracking the trend? Catch up on the prior US Earnings Financial Results SEC Filings digest from July 21, 2026.

Investment Signals (12)

  • Centene Corp ↓ (BULLISH)
    ▲

    Strong turnaround with GAAP net earnings of $1,091M vs. a loss of $253M YoY, driven by a 10% revenue increase and controlled medical costs (+0.6%). Cash from operations more than doubled to $7,956M, and debt was reduced by 7.6%.

  • Steel Dynamics Inc ↓ (BULLISH)
    ▲

    Net income surged 78.8% YoY to $534M on 33.5% revenue growth, with gross profit up 55.1%. Aggressive share repurchases ($315M in H1) reduced shares by 0.9%, boosting EPS.

  • Incyte Corp ↓ (BULLISH)
    ▲

    Total revenues surged 37.7% YoY to $1.674B, with net income up 44.6%. Key products OPZELURA and ZYNYZ drove growth, and total liabilities decreased. Diluted EPS rose to $2.81 from $2.04.

  • Mondelez International ↓ (BULLISH)
    ▲

    Net earnings surged 141.5% YoY to $1,548M, driven by a 42.6% gross profit margin (up from 32.7%). Cost of sales declined 11.2%, demonstrating strong operational leverage.

  • Kiniksa Pharmaceuticals ↓ (BULLISH)
    ▲

    Total revenue grew 55.4% YoY to $243.6M, with net income up 42.6%. Product revenue was $243.6M vs. $156.8M, and cost of goods sold as a percentage of revenue improved to 9.7% from 11.9%.

  • NXP Semiconductors ↓ (BULLISH)
    ▲

    Net income more than doubled to $1,915M, driven by a $627M gain on asset sales. Operating cash flow improved to $1,653M, and the company repurchased $1,251M of long-term debt, strengthening the balance sheet.

  • Huntington Bancshares ↓ (BULLISH)
    ▲

    Net interest income surged 40% to $2,052M, and noninterest income rose 67%. The Cadence Bank acquisition drove 37% asset growth, but EPS declined 3% due to share dilution.

  • Welltower Inc ↓ (BULLISH)
    ▲

    Total revenues grew 39.1% YoY to $3.54B, with resident fees and services up 51.4%. Net income rose 47.4%, and the company deployed $6.32B in acquisitions, signaling aggressive expansion in the healthcare REIT space.

  • Rexford Industrial Realty ↓ (BEARISH)
    ▲

    Reported a net loss of $523.8M vs. income of $120.4M, driven by a $624.8M impairment of real estate. Revenues declined 1.6%, and interest income fell 67.9%. This is a significant red flag for the industrial REIT sector.

  • JetBlue Airways ↓ (BEARISH)
    ▲

    Net loss widened to $247M from $74M, as operating expenses grew 20.8% vs. revenue growth of 14.5%. Aircraft fuel costs surged 80.8% to $911M, and cash reserves declined to $1.656B.

  • Noble Corp ↓ (BEARISH)
    ▲

    Net loss of $36.7M vs. income of $42.9M, with revenue declining 15.2%. A $42.3M impairment charge and $18.3M loss on debt extinguishment weighed on results. Operating cash flow decreased 14.4%.

  • Expand Energy Corp ↓ (MIXED)
    ▲

    Net income fell 46% to $522M despite a 20% revenue decline. However, the company reduced long-term debt by $1,324M and repurchased $535M of stock, showing a commitment to shareholder returns.

Risk Flags (10)

  • Rexford Industrial Realty/Impairment Risk↓ [HIGH RISK]
    ▼

    Recorded a $624.8M impairment of real estate in Q2, leading to a $523.8M net loss. This is a 100% increase from zero impairments in the prior year, signaling severe asset devaluation in the industrial property market.

  • JetBlue Airways/Cost Pressure↓ [HIGH RISK]
    ▼

    Operating expenses grew 20.8% vs. 14.5% revenue growth, with fuel costs surging 80.8%. The net loss widened to $247M from $74M, and cash reserves declined 14.9% to $1.656B.

  • Core Scientific/Non-Cash Losses↓ [HIGH RISK]
    ▼

    Reported a net loss of $1.16B, driven by $1.05B in non-cash changes in warrant and CVR fair values. While revenue surged 109%, the company's digital asset holdings fell 78% to $49.7M, and PP&E impairment was $266.5M.

  • Carrier Global/Margin Compression↓ [MEDIUM RISK]
    ▼

    Net earnings declined 15.2% YoY despite 3.9% revenue growth. Cost of products sold grew 5.5%, outpacing product sales growth of 2.9%, and operating profit fell 8.6%.

  • Oshkosh Corp/Gross Margin Collapse↓ [HIGH RISK]
    ▼

    Gross margin fell 270 bps to 16.5% in Q3 and 320 bps to 15.1% in H1. Net income dropped 10.5% in Q3 and 28.6% in H1, despite revenue growth, indicating severe cost pressures.

  • Abbott Laboratories/Earnings Decline↓ [MEDIUM RISK]
    ▼

    Net earnings fell 47.8% YoY despite 13% revenue growth, driven by a 56.7% increase in amortization of intangible assets and a 30.2% rise in SG&A. The $20B acquisition and tripling of long-term debt to $29.6B raise integration risk.

  • Huron Consulting Group/Cash Flow Deterioration↓ [MEDIUM RISK]
    ▼

    Operating cash flow was negative -$41.7M in H1, worsening from -$26.8M, driven by a significant increase in unbilled services. Stockholders' equity declined 27.2% due to $208.6M in share repurchases, and total debt increased 63.4%.

  • CMS Energy Corp/Earnings Decline↓ [MEDIUM RISK]
    ▼

    Net income fell 41% in Q2 to $117M, driven by $40M higher service restoration costs and $30M lower revenue due to weather. The Electric Utility segment underperformed, and corporate interest expenses widened.

  • INNIO Holding GmbH/Profitability Collapse↓ [HIGH RISK]
    ▼

    Net loss of $16.9M vs. income of $62.4M, despite sales more than doubling. SG&A expenses surged to $232.2M from $101.4M, and interest costs rose 146%. Inventories ballooned 59.4% to $958.1M.

  • Textron Inc/Inventory Build↓ [MEDIUM RISK]
    ▼

    Operating cash flow declined sharply to $187M from $263M, driven by a $446M inventory build. While revenue grew 3%, the cash conversion cycle is deteriorating, and share repurchases of $377M contributed to a $419M net cash decrease.

Opportunities (10)

  • Centene Corp/Turnaround Play↓ (OPPORTUNITY)
    ◆

    GAAP net earnings swung from a loss of $253M to a profit of $1,091M, with cash from operations more than doubling to $7,956M. The company reduced debt by 7.6% and has a strong balance sheet. Trading at a potential discount to peers given the turnaround.

  • Steel Dynamics Inc/Value Play↓ (OPPORTUNITY)
    ◆

    Net income up 78.8% YoY on 33.5% revenue growth, with gross profit up 55.1%. The company is aggressively repurchasing shares ($315M in H1) and has a strong balance sheet. The 125% increase in interest expense is a minor concern but manageable.

  • Incyte Corp/Growth at a Reasonable Price↓ (OPPORTUNITY)
    ◆

    Total revenues up 37.7% YoY, net income up 44.6%, and diluted EPS up 37.7%. The company has no long-term debt and total liabilities decreased. Key products OPZELURA and ZYNYZ are driving growth, and the pipeline is promising.

  • Kiniksa Pharmaceuticals/Specialty Pharma Growth↓ (OPPORTUNITY)
    ◆

    Revenue up 55.4% YoY, net income up 42.6%, and gross margin improving. The company has a focused portfolio and is generating strong cash flows. The stock may be undervalued given the growth trajectory.

  • NXP Semiconductors/Semiconductor Value↓ (OPPORTUNITY)
    ◆

    Net income more than doubled, and the company is using cash flow to repurchase debt ($1.251B). Operating cash flow improved to $1.653M, and capital expenditures decreased, indicating a focus on free cash flow generation.

  • Welltower Inc/Healthcare REIT Momentum↓ (OPPORTUNITY)
    ◆

    Total revenues up 39.1% YoY, net income up 47.4%, and aggressive acquisition spending of $6.32B in H1. The shift to resident fees and services (up 51.4%) is a positive trend. The stock may benefit from continued demographic tailwinds.

  • Mondelez International/Consumer Staples Strength↓ (OPPORTUNITY)
    ◆

    Net earnings up 141.5% YoY, with gross margin expanding to 42.6% from 32.7%. Cost of sales declined 11.2%, showing strong pricing power and operational efficiency. A defensive play in a volatile market.

  • Knowles Corp/Electronics Turnaround↓ (OPPORTUNITY)
    ◆

    Revenues up 14.3% YoY, net earnings up 148.7%, and gross margin improved to 44.7% from 41.5%. Operating earnings more than doubled. The company is a potential acquisition target given its strong performance and niche market position.

  • Herc Holdings Inc/Equipment Rental Recovery↓ (OPPORTUNITY)
    ◆

    Net income swung from a loss of $35M to a profit of $19M, with total revenues up 20.2%. The company is benefiting from infrastructure spending and has a stable balance sheet. The stock may be undervalued relative to peers.

  • Element Solutions Inc/Merger Arbitrage↓ (OPPORTUNITY)
    ◆

    The company agreed to be acquired by Solstice Advanced Materials Inc. on July 6, 2026. Q2 net sales were up 56.4% YoY, driven by acquisitions. The merger provides a near-term catalyst with a potential arbitrage opportunity.

Sector Themes (6)

  • Revenue Growth Decoupled from Profitability
    ◆

    14 of 50 companies (28%) reported revenue growth but declining net income, driven by rising costs, impairments, and acquisition charges. This is most pronounced in industrials (Oshkosh, Carrier) and energy (Expand Energy, Noble Corp). Investors should focus on companies with both top-line and bottom-line expansion.

  • Aggressive Share Repurchases Depleting Cash Reserves
    ◆

    At least 8 companies (Sherwin-Williams, Hilton, Textron, Huron, UDR, Rexford, Itron, Steel Dynamics) spent over $1B combined on buybacks in H1 2026, often at the expense of cash reserves. While signaling confidence, this reduces financial flexibility and may be a red flag if earnings deteriorate.

  • M&A Wave Reshaping Balance Sheets
    ◆

    Abbott Laboratories ($20B acquisition), Element Solutions (EFC and Micromax acquisitions, then agreeing to be acquired), Huntington Bancshares (Cadence Bank), and Welltower ($6.32B in acquisitions) are driving a wave of consolidation. This is increasing leverage and integration risk but also creating growth opportunities.

  • Healthcare Sector Outperformance
    ◆

    Healthcare companies (Centene, Incyte, Kiniksa, Abbott, Welltower) are showing the strongest revenue and earnings growth, with multiple companies reporting >30% YoY revenue increases. This sector is benefiting from demographic tailwinds and new product launches.

  • Energy Sector Under Pressure
    ◆

    Energy companies (Expand Energy, Noble Corp) are reporting declining revenues and earnings, with impairments and debt extinguishment losses. Despite strong cash flows, the sector is facing headwinds from lower commodity prices and higher costs.

  • Real Estate Sector Divergence
    ◆

    REITs are showing a sharp divergence. Welltower (healthcare) is booming with 39% revenue growth, while Rexford Industrial (industrial) is impaired with a $624.8M loss. Office REITs (Brandywine, Highwoods) are improving but still reporting losses, indicating a sector in transition.

Watch List (8)

  • Element Solutions/Solstice Merger↓ (HIGH IMPACT)
    👁

    The merger agreement was signed on July 6, 2026. Watch for shareholder votes, regulatory approvals, and any competing bids. The deal is expected to close in late 2026.

  • Abbott Laboratories/Integration Risk↓ (HIGH IMPACT)
    👁

    The $20B acquisition and tripling of long-term debt to $29.6B require close monitoring. Watch for Q3 2026 earnings to assess integration progress, margin recovery, and debt reduction plans.

  • Rexford Industrial Realty/Asset Impairments↓ (HIGH IMPACT)
    👁

    The $624.8M impairment is a major red flag. Watch for further impairments in Q3 2026 and any changes in property valuations. The company's ability to maintain its dividend is a key concern.

  • JetBlue Airways/Fuel Cost Management↓ (MEDIUM IMPACT)
    👁

    With fuel costs up 80.8%, watch for hedging updates and cost-cutting measures in the next earnings call. The company's cash burn rate and ability to service debt are critical.

  • Core Scientific/AI/HPC Pivot↓ (MEDIUM IMPACT)
    👁

    The company is pivoting to AI/HPC hosting, with colocation revenue soaring from $10.6M to $136.7M. Watch for updates on new contracts, the impact of the $1.05B non-cash warrant losses, and the sustainability of the revenue shift.

  • Huntington Bancshares/Cadence Bank Integration↓ (MEDIUM IMPACT)
    👁

    The acquisition drove 37% asset growth but diluted EPS by 3%. Watch for cost synergy realization, integration expenses, and any further acquisitions. The efficiency ratio worsened to 61.5% from 59.0%.

  • Oshkosh Corp/Margin Recovery↓ (MEDIUM IMPACT)
    👁

    Gross margin collapsed 320 bps in H1. Watch for Q4 FY2026 earnings to see if cost pressures are easing and if the company can restore margins through pricing or operational efficiency.

  • CMS Energy Corp/Service Restoration Costs↓ (LOW IMPACT)
    👁

    The $40M in higher service restoration costs in Q2 is a one-time event, but watch for any regulatory proceedings or rate cases that could impact future earnings. The Electric Utility segment's underperformance is a concern.

Filing Analyses (50)
CENTENE CORP 10-Q positive materiality 9/10

28-07-2026

Centene Corp reported a strong turnaround in Q2 2026, with GAAP net earnings of $1,091M compared to a net loss of $(253)M in Q2 2025, driven by a 10% increase in premium and service revenues to $44,375M. However, medical costs rose only 0.6% to $39,029M, and the premium tax expense surged 47% to $9,220M, partially offsetting revenue gains. For the six-month period, adjusted diluted EPS grew to $5.88 from $2.75, while cash from operations more than doubled to $7,956M.

  • · Total assets increased 8.2% to $83,012M from $76,747M at year-end 2025.
  • · Long-term debt decreased 7.6% to $16,030M from $17,351M, partly due to debt repurchases.
  • · Medical claims liability edged down 1.4% to $20,262M from $20,544M.
  • · Other comprehensive loss widened to $(136)M for H1 2026 from a gain of $273M in H1 2025, driven by unrealized losses on investments.
  • · Cash from operations surged 141.5% to $7,956M in H1 2026 from $3,295M in H1 2025, mainly due to a $4,249M increase in accounts payable and accrued expenses.
  • · Capital expenditures rose 9.0% to $374M in H1 2026 from $343M in H1 2025.
  • · Common stock repurchases totaled $33M in H1 2026, down from $473M in H1 2025.
  • · No impairment charges were recorded in H1 2026, compared to $55M in H1 2025.
  • · The company had no acquisition or divestiture related expenses in 2026, versus $1M in the prior year periods.
CENTERPOINT ENERGY INC 10-Q mixed materiality 8/10

28-07-2026

CenterPoint Energy reported net income of $244M for Q2 2026, up 23.2% from $198M in Q2 2025, driven by higher utility revenues and lower natural gas costs. However, the company recorded a $151M loss on equity securities in Q2 2026 versus a $43M gain in the prior-year period, partially offset by a $148M gain on indexed debt securities. For the six months ended June 30, 2026, net income rose 13.1% to $560M from $495M, while basic EPS increased to $0.85 from $0.76.

  • · Weighted average diluted shares outstanding increased to 666M in Q2 2026 from 654M in Q2 2025.
  • · Investment in equity securities decreased to $404M as of June 30, 2026 from $510M at December 31, 2025.
  • · Current assets held for sale remained substantial at $2,617M as of June 30, 2026, compared to $2,669M at year-end 2025.
  • · Regulatory assets (non-current) increased to $3,619M from $3,005M, largely due to VIE-related amounts.
  • · Property, plant and equipment, net grew 3.9% to $35,383M from $34,056M.
  • · The company recorded a loss on sale of $0 in the six months ended June 30, 2026 versus a $43M loss in the prior-year period.
  • · Interest expense on Securitization Bonds surged to $21M in Q2 2026 from $4M in Q2 2025.
  • · Cash and cash equivalents increased to $49M from $38M at year-end 2025.
HYCROFT MINING HOLDING CORP 10-Q mixed materiality 8/10

28-07-2026

Hycroft Mining reported a net loss of $20.8M for Q2 2026 and $69.0M for H1 2026, widening from $11.7M and $23.5M in the prior-year periods, driven by a surge in stock-based compensation and exploration costs. Cash and equivalents rose to $220.5M from $181.7M at year-end 2025, supported by $79.2M in net stock issuance proceeds. However, operating cash flow remained deeply negative at -$44.1M for the six months, and the accumulated deficit grew to $895.8M.

  • · Interest expense was eliminated in H1 2026 ($0) vs $6.9M in H1 2025, a 100% decrease.
  • · Asset retirement obligation adjustments and accretion provided a $5.1M benefit in H1 2026 vs a $0.7M expense in H1 2025.
  • · Proceeds from sale of equity investment securities were $0.6M in H1 2026 vs $0 in H1 2025.
  • · Contract liabilities of $0.8M were recorded at June 30, 2026 vs $0 at December 31, 2025.
  • · Restricted cash decreased by $8.0M from $22.5M at Dec 31, 2025 to $14.5M at Jun 30, 2026.
  • · Accounts payable, accrued expenses, and other liabilities decreased by $2.7M from $7.7M to $5.0M.
  • · Weighted average shares outstanding increased 232% in Q2 2026 (91.5M) vs Q2 2025 (27.6M).
BANK OF HAWAII CORP 10-Q mixed materiality 8/10

28-07-2026

Bank of Hawaii Corp reported strong earnings growth for Q2 and H1 2026, with net income rising 33.9% to $63.8M in Q2 2026 and 32.3% to $121.2M in H1 2026, driven by higher net interest income and lower interest expense. However, total assets declined 1.4% from year-end 2025 to $23.84B, and total deposits fell 1.4% to $20.89B, while cash and cash equivalents dropped sharply by 52.2% to $452.8M. Noninterest income also decreased 3.3% in Q2 and 4.8% in H1, reflecting lower fees and service charges.

  • · Net interest margin improved as total interest expense fell 18.4% in Q2 and 19.0% in H1, driven by lower deposit costs.
  • · Noninterest expense increased slightly: Q2 +0.4% YoY to $111.2M, H1 +2.7% YoY to $227.3M.
  • · The bank repurchased 215,995 common shares in Q2 2026 under its share repurchase program for $17.0M, and $32.1M in H1 2026.
  • · Dividends declared remained steady at $0.70 per common share and $5.3M on preferred stock per quarter.
  • · Allowance for credit losses was essentially flat at $147.0M, with a slight increase in provision in Q2 but a decrease in H1.
  • · Net loans and leases grew 1.5% from $13.94B to $14.14B during H1 2026.
  • · Investment securities losses, net were $1.3M in Q2 and $2.6M in H1, similar to prior year.
  • · Cash flow from operations improved to $136.5M in H1 2026 from $100.0M in H1 2025.
  • · Total shareholders' equity increased 1.3% to $1.875B, driven by retained earnings and other comprehensive income.
  • · Accumulated other comprehensive loss improved slightly from ($244.4M) to ($243.5M).
Rexford Industrial Realty, Inc. 10-Q negative materiality 9/10

28-07-2026

Rexford Industrial Realty reported a net loss of $523.8M for Q2 2026, compared to net income of $120.4M in Q2 2025, driven by a $624.8M impairment of real estate. Total revenues declined 1.6% YoY to $245.5M, with rental income essentially flat at $243.0M. The company also repurchased $300.2M of common stock during the first half of 2026, while total assets decreased 7.8% from year-end 2025 to $11.6B.

  • · Impairment of real estate totaled $631.6M for the six months ended June 30, 2026, compared to $0 in the prior year period.
  • · Gains on sale of real estate decreased to $48.2M in H1 2026 from $57.5M in H1 2025.
  • · Interest income fell sharply to $2.5M in Q2 2026 from $7.8M in Q2 2025, a decline of 67.9%.
  • · Cash and cash equivalents dropped to $32.2M at June 30, 2026 from $165.8M at December 31, 2025.
  • · Total equity decreased to $7.9B at June 30, 2026 from $8.8B at December 31, 2025.
  • · Weighted average diluted shares outstanding decreased to 223.8M in Q2 2026 from 236.1M in Q2 2025.
  • · Net loss per share (basic) was $(2.26) in Q2 2026 vs. earnings of $0.48 in Q2 2025.
Goliath Film & Media Holdings 10-K negative materiality 3/10

28-07-2026

Goliath Film & Media Holdings (GFMH) filed its 10-K annual report for the year ended April 30, 2026, reporting a net loss of $37,494, slightly wider than the $37,332 loss in the prior year. Distribution revenues declined 37.9% to $20,335 from $32,726, while total assets remained minimal at $1,417. The company continues to operate with a stockholders' deficit of $175,428, worsened from $137,934, and relies on related-party advances for financing.

  • · Operating expenses decreased 17.5% YoY to $57,829 from $70,058.
  • · General and administrative expenses were the only operating expense, totaling $57,829 in FY 2026.
  • · The company had no investing activities in either fiscal year.
  • · Related-party advances of $15,600 were the sole source of financing in FY 2026.
  • · The company's accumulated deficit grew to $1,147,426 as of April 30, 2026.
  • · No income tax provision was recorded in either year.
  • · The company had no preferred shares issued or outstanding.
BREAD FINANCIAL HOLDINGS, INC. 10-Q mixed materiality 8/10

28-07-2026

Bread Financial Holdings reported Q2 2026 net income of $146M, up 5% YoY, with diluted EPS of $3.55 (+21% YoY). Net interest margin improved to 18.49% from 17.71% and credit sales grew 11% to $7.5B. However, the provision for credit losses increased 14% to $313M, and adjusted net income available to common stockholders declined 3% to $144M. The effective tax rate rose sharply to 25.7% from 20.5%.

  • · Interest on cash and investment securities declined 16% YoY to $39M in Q2 2026.
  • · Interest on borrowings decreased 31% YoY to $56M in Q2 2026.
  • · Total non-interest expenses were flat YoY at $483M in Q2 2026.
  • · Depreciation and amortization expense decreased 8% YoY to $19M in Q2 2026.
  • · Other non-interest expenses decreased 29% YoY to $42M in Q2 2026.
  • · Average credit card and other loans grew only 3% YoY to $18.2B in Q2 2026.
  • · Book value per common share increased 21% YoY to $81.79.
  • · Tangible book value per common share increased 22% YoY to $63.66.
  • · Cash dividend per common share increased 10% YoY to $0.23.
  • · Reserve rate improved to 11.23% from 11.89% YoY.
  • · Loan yield improved to 26.35% from 26.03% YoY.
  • · Efficiency ratio improved to 48.6% from 51.8% YoY.
  • · Average total stockholders' equity increased 8% YoY to $3.4B in Q2 2026.
  • · Average tangible common equity increased 6% YoY to $2.6B in Q2 2026.
HERC HOLDINGS INC 10-Q mixed materiality 8/10

28-07-2026

Herc Holdings Inc. reported a strong Q2 2026 with net income of $19M, reversing a net loss of $35M in Q2 2025, driven by a 20.2% increase in total revenues to $1,204M. However, for the first half of 2026, the company posted a net loss of $5M, compared to a net loss of $53M in the prior-year period, as higher operating expenses and interest costs weighed on profitability. The balance sheet remained stable with total assets of $13,717M and total equity of $1,890M.

  • · Q2 2026 diluted EPS was $0.57, compared to a loss of $1.17 in Q2 2025.
  • · H1 2026 diluted EPS was a loss of $0.15, compared to a loss of $1.82 in H1 2025.
  • · Total debt (current maturities + long-term debt net + financing obligations net) was $8,010M as of June 30, 2026, down from $8,148M at December 31, 2025.
  • · Dividends declared were $0.70 per share in both Q2 2026 and Q2 2025.
  • · Net cash provided by operating activities increased 43.4% to $591M in H1 2026 from $412M in H1 2025.
  • · Rental equipment expenditures were $557M in H1 2026, up 32.3% from $421M in H1 2025.
  • · The company had no acquisitions in H1 2026, compared to $4,251M in H1 2025 (primarily the H&E acquisition).
  • · Cash paid for interest nearly doubled to $232M in H1 2026 from $119M in H1 2025.
  • · Total equity declined 3.0% from $1,948M at December 31, 2025 to $1,890M at June 30, 2026, driven by dividends and net loss.
  • · The company's accumulated other comprehensive loss worsened from $120M to $131M, primarily due to foreign currency translation adjustments.
ARMSTRONG WORLD INDUSTRIES INC 10-Q mixed materiality 8/10

28-07-2026

Armstrong World Industries reported strong Q2 2026 results with net sales of $472.0M, up 11.2% YoY from $424.6M, and net earnings of $96.7M ($2.26 diluted EPS) vs. $87.8M ($2.01 diluted EPS) in Q2 2025. Both segments grew: Mineral Fiber sales rose 7.9% to $288.2M and Architectural Specialties surged 16.6% to $183.8M. However, cash and cash equivalents declined sharply to $78.6M from $112.7M at year-end 2025, driven by $137.4M in treasury stock acquisitions and $64.8M in acquisitions, net of cash acquired, while total shareholders' equity also fell to $884.3M from $900.7M.

  • · Gross profit margin improved to 41.3% in Q2 2026 from 41.4% in Q2 2025, essentially flat.
  • · SG&A expenses increased 11.0% YoY to $93.7M in Q2 2026, roughly in line with sales growth.
  • · Interest expense decreased 9.3% YoY to $7.8M in Q2 2026.
  • · Net cash provided by operating activities was $125.9M in H1 2026, up 2.7% from $122.6M in H1 2025.
  • · Capital expenditures (PP&E purchases) were $41.7M in H1 2026 vs. $39.0M in H1 2025, a 6.9% increase.
  • · Long-term debt increased to $481.7M as of June 30, 2026 from $396.4M at December 31, 2025, a 21.5% rise, partly due to $90.0M net borrowings on the revolving credit facility.
  • · Goodwill increased to $259.2M from $217.8M, reflecting acquisition activity.
  • · Dividends paid increased to $30.2M in H1 2026 from $27.2M in H1 2025, an 11.0% increase.
  • · The company repurchased 799,832 shares of treasury stock in H1 2026 for $136.1M, compared to 356,705 shares for $52.4M in H1 2025.
Core Scientific, Inc./tx 10-Q mixed materiality 9/10

28-07-2026

Core Scientific reported a net loss of $1.16B for Q2 2026 and $1.50B for H1 2026, driven largely by non-cash changes in warrant and CVR fair values ($1.05B and $1.08B respectively). Revenue surged 109% YoY to $164.2M in Q2, led by colocation revenue which soared from $10.6M to $136.7M as the company pivots to AI/HPC hosting. However, digital asset self-mining revenue fell 65% to $21.5M, and the company recorded a $266.5M impairment of PP&E and a $42.0M contract termination loss in H1, reflecting ongoing restructuring.

  • · Cash and cash equivalents surged from $311.4M (Dec 2025) to $1.77B (Jun 2026), while restricted cash totaled $781.7M.
  • · Digital assets held fell from $222.0M to $49.7M, a 78% decline.
  • · Warrant liabilities (current) of $1.81B were recognized at June 30, 2026, compared to none at year-end 2025.
  • · Deferred revenue from colocation services increased to $654.4M total (current + non-current) from $555.9M.
  • · The company raised $4.28B in new debt during H1 2026, while making $1.0B in debt extinguishment payments.
  • · Capital expenditures on PP&E totaled $954.2M in H1 2026, up from $205.3M in H1 2025.
  • · The company acquired land and development rights for $232.5M in H1 2026.
  • · Operating cash flow turned positive at $230.9M in H1 2026 vs -$11.0M in H1 2025.
  • · Stockholders' deficit deepened to $2.42B from $962.7M at year-end 2025.
  • · Net loss per share (basic and diluted) was $(3.32) for Q2 2026 vs $(0.04) for Q2 2025.
JETBLUE AIRWAYS CORP 10-Q negative materiality 9/10

28-07-2026

JetBlue Airways reported a net loss of $247M for Q2 2026, widening from a $74M loss in Q2 2025, as total operating revenues grew 14.5% to $2.697B but operating expenses rose 20.8% to $2.838B, driven by an 80.8% surge in aircraft fuel costs to $911M. For the first half of 2026, the net loss deepened to $566M from $282M in the prior year period. The company's cash and cash equivalents declined to $1.656B from $1.946B at year-end 2025, while total assets fell slightly to $16.371B.

  • · Passenger revenue for Q2 2026 was $2.487B, up from $2.179B in Q2 2025.
  • · Other revenue for Q2 2026 was $210M, up from $177M in Q2 2025.
  • · Interest expense remained flat at $147M in Q2 2026 vs Q2 2025.
  • · Interest income fell to $17M in Q2 2026 from $33M in Q2 2025.
  • · Net cash used in operating activities for H1 2026 was $35M, compared to $1M in H1 2025.
  • · Capital expenditures for H1 2026 were $348M, down from $473M in H1 2025.
  • · Proceeds from issuance of long-term debt in H1 2026 were $495M, with no such proceeds in H1 2025.
  • · Repayment of long-term debt and finance lease obligations in H1 2026 was $570M, up from $228M in H1 2025.
  • · Retained earnings dropped to $151M at June 30, 2026 from $717M at December 31, 2025.
  • · Air traffic liability (current) increased to $2.000B from $1.669B at year-end 2025.
Orbit Innovations Group Inc. 10-Q mixed materiality 7/10

28-07-2026

Orbit Innovations Group Inc. reported a strong turnaround for the nine months ended June 30, 2026, with net income of $3,509 (vs. a net loss of $4,403 in the prior period) and revenue surging to $50,350 from $10,000. However, operating cash flow remained negative at ($2,041), and the company continues to rely on financing activities—primarily stock issuance ($5,250) and related-party loans ($808)—to fund operations.

  • · Total assets increased to $38,244 as of June 30, 2026 from $34,677 as of September 30, 2025.
  • · Accounts payable decreased to $0 from $6,000, indicating all trade payables were settled.
  • · Accumulated surplus turned positive at $3,260 from a deficit of ($249).
  • · Legal and professional fees for the nine months ended June 30, 2026 were $18,834, up from $12,949 in the prior period.
  • · Bank charges for the nine months ended June 30, 2026 were $2,798, up from $1,500 in the prior period.
  • · The company had no provision for income taxes in either period.
  • · Basic and diluted earnings per share were $0.00 for both periods due to low net income relative to share count.
INNIO Holding GmbH 10-Q mixed materiality 8/10

28-07-2026

INNIO Holding GmbH reported a net loss of $16.9M for Q2 2026 vs net income of $62.4M in Q2 2025, driven by a surge in SG&A expenses to $232.2M from $101.4M and higher interest costs ($52.9M vs $21.5M). Net sales more than doubled to $937.7M from $659.5M, but operating income fell to $45.1M from $101.1M. For the six-month period, net loss was $25.9M vs net income of $97.4M a year ago, despite net sales rising to $1,606.5M from $1,153.5M.

  • · Gross profit margin improved to 32.8% in Q2 2026 from 34.6% in Q2 2025, and to 33.7% in H1 2026 from 36.2% in H1 2025.
  • · Inventories surged to $958.1M as of June 30, 2026 from $601.2M at December 31, 2025, a 59.4% increase.
  • · Contract liabilities (current) more than doubled to $970.1M from $546.2M at year-end 2025.
  • · Long-term debt net remained relatively stable at $2,607.1M vs $2,647.4M.
  • · Shareholders' equity decreased to $219.1M from $228.1M due to the net loss.
  • · The company operates two segments: Equipment (Jenbacher and Waukesha engines) and Services, with Equipment revenues further disaggregated into Data Center, Power Solutions, and Compression end markets.
Hilton Worldwide Holdings Inc. 10-Q mixed materiality 8/10

28-07-2026

Hilton Worldwide reported solid Q2 2026 results with total revenues of $3.341B (up 6.5% YoY) and net income attributable to Hilton stockholders of $482M (up 9.5% YoY). However, incentive management fees declined 8.0% YoY to $69M, and ownership revenues fell 6.3% YoY to $311M, partially offsetting gains from franchise and licensing fees (+8.5% YoY). The company also increased its long-term debt to $13.444B from $12.459B at year-end 2025, while repurchasing $1.787B of common stock in the first half of 2026.

  • · Cash dividends declared per share remained flat at $0.15 per quarter ($0.30 for H1) in both 2026 and 2025.
  • · Interest expense increased 21.2% YoY to $183M in Q2 2026 from $151M in Q2 2025.
  • · Other expenses (non-operating) rose 76.9% YoY to $46M in Q2 2026 from $26M in Q2 2025.
  • · Net cash provided by operating activities declined slightly to $1.090B in H1 2026 from $1.110B in H1 2025.
  • · The company issued $1.565B in new borrowings during H1 2026, up from $650M in H1 2025.
  • · Deferred revenues increased to $2.409B at June 30, 2026 from $2.354B at December 31, 2025.
  • · Total comprehensive income attributable to Hilton stockholders was $480M in Q2 2026, down from $504M in Q2 2025 due to negative currency translation adjustments.
DTE ENERGY CO 10-Q mixed materiality 8/10

28-07-2026

DTE Energy reported mixed results for Q2 2026. Net income attributable to DTE Energy rose 23% to $282M for the quarter (from $229M in Q2 2025), driven by higher utility operating revenues. However, for the first half of 2026, net income declined 21% to $529M from $674M in the prior-year period, reflecting significantly higher operating expenses. Total operating revenues increased 8% to $8.5B year-to-date, while total operating expenses grew 12% to $7.6B, compressing operating income. Free cash flow remained negative as capital expenditures more than doubled.

  • · Utility operating revenues increased to $2,044M in Q2 2026 from $1,979M in Q2 2025 (up 3.3%)
  • · Non-utility operating revenues declined to $1,325M in Q2 2026 from $1,440M in Q2 2025 (down 8.0%)
  • · Interest expense rose to $301M in Q2 2026 from $256M in Q2 2025 (up 17.6%)
  • · Total assets grew 4% to $56.2B from $54.1B at year-end 2025
  • · Long-term debt (net of current portion) increased to $25.9B from $23.8B at year-end 2025
  • · Cash and cash equivalents fell sharply to $42M from $208M at year-end 2025
  • · Accounts receivable (customer) decreased to $1,683M from $2,031M at year-end 2025
  • · Short-term borrowings were eliminated (from $882M at year-end 2025 to $0)
  • · Dividends payable doubled to $485M from $242M at year-end 2025
  • · Deferred income taxes stood at $3,367M, slightly down from $3,400M at year-end 2025
  • · Depreciation and amortization increased to $981M in H1 2026 from $903M in H1 2025 (up 8.6%)
  • · Net cash from investing activities was -$2,914M in H1 2026 versus -$2,022M in H1 2025, driven by higher utility capital spending
CHASE PACKAGING CORP 10-Q negative materiality 5/10

28-07-2026

Chase Packaging Corp (WHLT) filed its 10-Q for the quarter ended June 30, 2026, reporting a net loss of $24,893 for Q2 2026, an improvement from the $29,886 net loss in Q2 2025. However, for the six-month period, the net loss widened significantly to $178,670 from $44,393 in the prior year, driven by a $138,180 non-cash warrants modification expense. Cash and cash equivalents declined to $180,726 from $221,966 at year-end 2025, and the company continues to have no revenue-generating operations.

  • · The company has no revenue and is a shell company with no operating business.
  • · A warrants modification expense of $138,180 was recorded in H1 2026 related to the extension of 6,909,000 warrants to March 7, 2029.
  • · Cash used in operating activities improved slightly to $41,240 in H1 2026 from $44,393 in H1 2025.
  • · No investing or financing cash flows were reported in either period.
  • · The company has no debt, interest expense, or income tax provision.
CMS ENERGY CORP 10-Q mixed materiality 8/10

28-07-2026

CMS Energy Corp reported net income available to common stockholders of $117M for Q2 2026, down 41% from $198M in Q2 2025, and $455M for the first half of 2026, down 9% from $500M in the prior-year period. The decline was driven by higher service restoration costs, increased depreciation, and the absence of gains on debt extinguishment, partially offset by electric and gas rate increases and lower income tax expenses. While the Gas Utility segment showed modest growth, the Electric Utility and NorthStar Clean Energy segments underperformed, and Corporate interest and other expenses widened significantly.

  • · Electric Utility Q2 2026 net income fell to $137M from $167M, driven by $40M higher service restoration costs, $30M lower revenue due to weather and sales mix, and $14M higher depreciation.
  • · Gas Utility Q2 2026 net income rose slightly to $27M from $25M, supported by $29M in rate increases offset by $9M higher maintenance and operating expenses.
  • · NorthStar Clean Energy Q2 2026 net income declined to $18M from $22M, but H1 2026 net income surged to $59M from $4M, reflecting timing of tax benefits from renewable projects.
  • · Corporate interest and other net expense widened to -$65M in Q2 2026 from -$16M in Q2 2025, primarily due to the absence of $72M in gains on debt extinguishment.
  • · Basic EPS for Q2 2026 was $0.38 vs $0.67 in Q2 2025; diluted EPS was $0.37 vs $0.66.
  • · Electric Utility H1 2026 net income was $247M vs $291M in H1 2025; Gas Utility H1 2026 net income was $247M vs $238M in H1 2025.
  • · Key headwinds across segments include higher service restoration costs ($40M Q2, $70M H1), higher depreciation and amortization ($17M Q2, $42M H1), and higher IT/ERP implementation costs ($7M Q2, $20M H1).
Xylem Inc. 10-Q mixed materiality 8/10

28-07-2026

Xylem Inc. reported revenue of $2,336M for Q2 2026, up 1.5% from $2,301M in Q2 2025, and net income attributable to Xylem of $263M, up 16.4% from $226M. However, revenue from services declined 1.8% in Q2, and the company recorded a $16M loss on sale of businesses in the quarter. Cash flow from operations improved to $398M for the first half, but the company spent $1,243M on share repurchases, contributing to a $203M decrease in cash.

  • · Gross profit margin improved to 41.2% in Q2 2026 from 38.8% in Q2 2025.
  • · Restructuring and asset impairment charges were $11M in Q2 2026, down from $26M in Q2 2025.
  • · Selling, general and administrative expenses remained flat at $503M in Q2 2026 vs Q2 2025.
  • · Research and development expenses increased slightly to $59M in Q2 2026 from $58M in Q2 2025.
  • · Interest expense decreased to $7M in Q2 2026 from $9M in Q2 2025.
  • · Other non-operating expense was $3M in Q2 2026 vs income of $3M in Q2 2025.
  • · Income tax expense increased to $103M in Q2 2026 from $75M in Q2 2025.
  • · Dividends paid in H1 2026 were $207M, up from $196M in H1 2025.
  • · Capital expenditures were $179M in H1 2026 vs $169M in H1 2025.
  • · Goodwill decreased to $8,256M at June 30, 2026 from $8,332M at December 31, 2025.
  • · Contract assets increased to $585M at June 30, 2026 from $510M at January 1, 2026.
  • · Contract liabilities decreased to $272M at June 30, 2026 from $286M at January 1, 2026.
Essence Array Inc 10-Q mixed materiality 6/10

28-07-2026

Essence Array Inc. reported its first-ever revenue of $17,160 for the quarter ended June 30, 2026, compared to zero revenue in the same quarter last year, and swung to a net income of $1,260 from a net loss of ($6,621). Total assets grew 20% to $47,738, driven by a $8,255 increase in cash from financing activities. However, general and administrative expenses rose 65% to $10,900, and the company still carries an accumulated deficit of ($1,805).

  • · The company had no revenue in the prior-year quarter (Q1 FY26).
  • · Cost of goods sold was $5,000 in Q1 FY27, compared to $0 in Q1 FY26.
  • · Amortization expense of $247 was recorded in Q1 FY27; none in Q1 FY26.
  • · Accounts payable increased by $448 during Q1 FY27.
  • · Net cash provided by operating activities was $1,955 in Q1 FY27, versus ($6,621) used in Q1 FY26.
  • · Proceeds from issuance of common stock were $6,300 in Q1 FY27, compared to $5,000 in Q1 FY26.
  • · Advances from related party remained unchanged at $6,200 from March 31, 2026 to June 30, 2026.
  • · The company's accumulated deficit improved from ($3,065) to ($1,805) during the quarter.
  • · Basic and diluted loss per share was $0.00 for both periods.
STEEL DYNAMICS INC 10-Q positive materiality 8/10

28-07-2026

Steel Dynamics Inc. reported strong Q2 2026 results with net sales of $6.09B, up 33.5% YoY from $4.57B, and net income attributable to the company of $534M, up 78.8% YoY from $299M. For the first half of 2026, net sales rose 26.5% to $11.30B and net income increased 81.7% to $938M. However, the company's cash position declined 26.3% to $568M from $770M at year-end 2025, and share repurchases accelerated to $315M in H1 2026, reducing outstanding shares by 0.9%.

  • · Gross profit for Q2 2026 was $959M, up 55.1% from $618M in Q2 2025.
  • · Operating income for Q2 2026 was $700M, up 82.9% from $383M in Q2 2025.
  • · Interest expense increased 125% to $39.1M in Q2 2026 from $17.4M in Q2 2025.
  • · Inventories increased 5.8% to $3.96B from $3.74B at year-end 2025.
  • · Accounts receivable increased 44.9% to $2.44B from $1.68B at year-end 2025.
  • · Long-term debt remained relatively flat at $4.18B.
  • · The company repurchased $200.3M of shares in Q2 2026 and $115.1M in Q1 2026.
  • · Dividends declared per share increased 6% to $0.53 in Q2 2026 from $0.50 in Q2 2025.
Noble Corp plc 10-Q negative materiality 8/10

28-07-2026

Noble Corp plc reported a net loss of $36.7M for Q2 2026, compared to net income of $42.9M in Q2 2025, driven by a $42.3M impairment charge and an $18.3M loss on debt extinguishment. Revenue declined 15.2% YoY to $719.7M in Q2 2026, while operating income fell 77.5% to $30.5M. For the first half of 2026, net income dropped 44.4% to $84.0M from $151.2M, and operating cash flow decreased 14.4% to $417.4M.

  • · Contract drilling services revenue declined 16.3% YoY to $679.4M in Q2 2026 from $812.1M in Q2 2025.
  • · Depreciation and amortization decreased 5.1% YoY to $139.6M in Q2 2026.
  • · General and administrative expenses decreased 22.9% YoY to $26.9M in Q2 2026.
  • · Merger and integration costs were $0 in Q2 2026 vs $5.3M in Q2 2025.
  • · Gain on sale of operating assets was $89.9M in H1 2026 vs $4.8M in H1 2025.
  • · Capital expenditures increased 34.0% to $308.4M in H1 2026 from $230.1M in H1 2025.
  • · Proceeds from disposal of assets were $206.4M in H1 2026 vs $16.2M in H1 2025.
  • · Dividend payments were $163.2M in H1 2026, slightly up from $160.9M in H1 2025.
  • · Share repurchases were $0 in H1 2026 vs $20.0M in H1 2025.
  • · Basic EPS was -$0.23 in Q2 2026 vs $0.27 in Q2 2025; diluted EPS was -$0.23 vs $0.27.
  • · Total assets decreased 3.9% to $7.24B from $7.53B at year-end 2025.
  • · Total shareholders' equity decreased 1.4% to $4.48B from $4.55B.
TEXTRON INC 10-Q mixed materiality 8/10

28-07-2026

Textron Inc. reported modest revenue growth of 3.0% YoY to $3,827M for Q2 2026 and 7.1% YoY to $7,522M for the first half of 2026. Net income increased slightly to $248M (Q2) and $468M (H1), with diluted EPS rising to $1.42 and $2.67, respectively. However, operating cash flow declined sharply to $187M (H1 2026) from $263M (H1 2025), driven by a significant inventory build of $446M, and the company spent $377M on share repurchases, contributing to a $419M net decrease in cash and equivalents.

  • · Manufacturing product revenues grew 3.9% YoY in Q2 2026 to $3,321M and 8.5% YoY in H1 2026 to $6,478M.
  • · Finance revenues declined 6.7% YoY in Q2 2026 to $14M and 3.2% YoY in H1 2026 to $30M.
  • · Cost of products sold increased 4.9% YoY in Q2 2026 to $2,759M and 9.7% YoY in H1 2026 to $5,383M.
  • · Selling and administrative expense increased 2.6% YoY in Q2 2026 to $311M and 5.2% YoY in H1 2026 to $632M.
  • · Interest expense, net increased 6.5% YoY in Q2 2026 to $33M and 11.7% YoY in H1 2026 to $67M.
  • · Non-service components of pension and postretirement income, net increased to $70M in Q2 2026 from $67M in Q2 2025.
  • · Total comprehensive income declined 32.0% YoY in Q2 2026 to $232M and 26.1% YoY in H1 2026 to $434M, driven by foreign currency translation losses.
  • · Capital expenditures increased 70.1% YoY in H1 2026 to $228M from $134M in H1 2025.
  • · Textron repurchased $377M of its common stock in H1 2026, compared to $429M in H1 2025.
  • · Total shareholders' equity increased to $8,054M as of July 4, 2026 from $7,875M as of January 3, 2026.
  • · The company had no special charges in 2026, compared to $4M in the prior year periods.
ITRON, INC. 10-Q mixed materiality 8/10

28-07-2026

Itron, Inc. reported a mixed Q2 2026 with total revenues declining 7.2% YoY to $562.9M, driven by a 12.3% drop in product revenues ($453.5M vs $517.2M). However, service revenues grew 22.2% to $109.4M, and gross profit improved 3.1% to $230.6M. Net income attributable to Itron fell 22.0% to $53.3M ($1.19 diluted EPS vs $1.47), impacted by higher income tax provision and lower interest income. The company completed a $515.1M business acquisition and repurchased $152.2M of common stock during the first half of 2026.

  • · Operating income was nearly flat YoY at $76.1M in Q2 2026 vs $76.4M in Q2 2025 (decline of 0.5%).
  • · Interest income dropped 49.2% YoY to $6.3M in Q2 2026 from $12.3M.
  • · Income tax provision surged 81.5% YoY to $26.7M in Q2 2026 from $14.7M.
  • · Cash flow from operations improved to $173.6M in H1 2026 from $168.8M in H1 2025.
  • · The company completed a $515.1M business acquisition in H1 2026, contributing to a $275.2M decrease in cash and cash equivalents.
  • · Long-term debt nearly doubled to $1.575B at June 30, 2026 from $788.8M at December 31, 2025, reflecting borrowings for the acquisition and share repurchases.
  • · Goodwill increased 25.7% to $1.691B, likely from the acquisition.
  • · The company repurchased $152.2M of common stock in H1 2026, reducing shares outstanding from 44,929 to 43,774.
  • · Total equity decreased 5.8% to $1.638B from $1.738B, driven by share repurchases and other comprehensive losses.
  • · Unearned revenue grew 22.5% to $230.1M at June 30, 2026 from $187.8M at December 31, 2025.
SHERWIN WILLIAMS CO 10-Q mixed materiality 8/10

28-07-2026

Sherwin-Williams reported net income of $843.6M for Q2 2026, up 11.8% from $754.7M in Q2 2025, and $1,378.3M for the first half of 2026, up 9.5% from $1,258.6M in the prior year period. However, comprehensive income declined 10.0% in Q2 to $836.3M from $929.7M, driven by a large unfavorable swing in foreign currency translation adjustments (from a $176.2M gain to a $5.3M loss). The company also significantly increased share repurchases, with treasury stock purchases of $1,837.0M in the first half of 2026 versus $870.2M in the prior year period, contributing to a decline in total shareholders' equity.

  • · Cash dividends were $0.80 per share in both Q1 and Q2 2026, up from $0.79 per share in the prior year periods.
  • · Amortization of non-traded investments was $34.7M in Q2 2026 vs $28.7M in Q2 2025, and $66.1M for the first half vs $57.4M.
  • · Tax credits and other tax benefits received were $38.3M in Q2 2026 vs $31.9M in Q2 2025, and $73.9M for the first half vs $63.4M.
  • · Finished goods inventory increased to $1,887.0M at June 30, 2026 from $1,784.2M at December 31, 2025, but decreased from $1,915.7M at June 30, 2025.
  • · Work in process and raw materials inventory increased to $642.7M at June 30, 2026 from $534.0M at December 31, 2025 and $568.9M at June 30, 2025.
  • · Proceeds from stock options exercised were $65.6M in first half 2026 vs $50.6M in first half 2025.
  • · Net increase in short-term borrowings was $1,054.0M in first half 2026, nearly flat compared to $1,043.8M in first half 2025.
  • · Proceeds from long-term debt of $500.0M in first half 2026 had no comparable in the prior year period.
  • · Payments of long-term debt were $350.0M in first half 2026 vs $250.0M in first half 2025.
CARRIER GLOBAL Corp 10-Q mixed materiality 8/10

28-07-2026

Carrier Global Corp reported Q2 2026 net sales of $6,351M, up 3.9% YoY from $6,113M, driven by product sales growth of 2.9% and service sales growth of 12.7%. However, net earnings attributable to common shareowners declined 15.2% YoY to $501M from $591M, and operating profit fell 8.6% to $825M from $903M, reflecting margin compression. For the six-month period, net earnings dropped 26.3% to $739M from $1,003M, while total net sales rose 3.2% to $11,692M from $11,331M.

  • · Cost of products sold increased 5.5% YoY in Q2 2026 to $4,081M from $3,867M, outpacing product sales growth.
  • · Cost of services sold rose 13.6% YoY in Q2 2026 to $542M from $477M, slightly above service sales growth.
  • · Research and development spending decreased 8.1% YoY in Q2 2026 to $148M from $161M.
  • · Equity method investment net earnings fell 25.6% YoY in Q2 2026 to $58M from $78M.
  • · Other income (expense), net swung to a loss of $3M in Q2 2026 from a gain of $30M in Q2 2025.
  • · Interest expense increased 15.4% YoY in Q2 2026 to $105M from $91M.
  • · Income tax expense rose 11.1% YoY in Q2 2026 to $180M from $162M, despite lower pre-tax earnings.
  • · Inventories increased 11.1% to $2,759M as of June 30, 2026 from $2,483M at Dec 31, 2025.
  • · Accounts receivable grew 23.0% to $3,246M from $2,639M over the same period.
  • · Short-term borrowings and current portion of long-term debt surged to $1,638M from $468M at year-end 2025.
  • · Long-term debt decreased to $10,314M from $11,365M at Dec 31, 2025.
  • · Net cash provided by operating activities from continuing operations improved to $953M in H1 2026 from $752M in H1 2025.
  • · Capital expenditures increased 46.5% to $211M in H1 2026 from $144M in H1 2025.
  • · Dividends declared per share increased to $0.48 in Q2 2026 from $0.45 in Q2 2025.
  • · Treasury stock repurchases totaled $446M in Q2 2026, up from $334M in Q2 2025.
  • · Accumulated other comprehensive loss worsened to $(537)M from $(269)M at Dec 31, 2025, primarily due to foreign currency translation losses of $(268)M in H1 2026.
  • · Intangible assets, net decreased 9.0% to $5,756M from $6,326M, driven by amortization.
  • · Goodwill decreased slightly to $15,267M from $15,501M.
UDR, Inc. 10-Q mixed materiality 8/10

28-07-2026

UDR, Inc. reported strong financial results for Q2 2026, with net income attributable to common stockholders surging 86% YoY to $67.8M, driven by a $35.7M gain on sale of real estate. However, total revenues were flat at $425.4M, and rental income remained essentially unchanged at $422.9M. The company also repurchased $300.3M of common shares during the first half of 2026, while total assets declined 3.2% to $10.27B.

  • · Operating income more than doubled in H1 2026 to $345.7M from $199.6M in H1 2025, driven by gains on asset sales.
  • · Interest expense declined slightly to $47.6M in Q2 2026 from $48.7M in Q2 2025.
  • · Net cash provided by operating activities decreased to $390.9M in H1 2026 from $406.5M in H1 2025.
  • · The company had only $1.2M in cash and cash equivalents at June 30, 2026, down from $1.2M at year-end 2025.
  • · Real estate held for investment net declined to $8.68B from $9.04B due to sales and depreciation.
  • · Redeemable noncontrolling interests increased to $900.3M from $860.0M at year-end 2025.
  • · Common shares outstanding decreased by approximately 7.0 million shares due to repurchases.
  • · Distributions paid to common stockholders were $282.9M in H1 2026, nearly flat vs. $283.2M in H1 2025.
UNIVEST FINANCIAL Corp 10-Q mixed materiality 8/10

28-07-2026

Univest Financial Corp reported net income of $22.953M for Q2 2026, up 14.9% from $19.978M in Q2 2025, and $50.045M for H1 2026, up 18.1% from $42.373M in H1 2025. Net interest income grew 11.3% to $66.248M in Q2, driven by higher loan yields, while the provision for credit losses fell sharply to $2.672M from $5.694M. However, total noninterest income declined 15.8% in Q2 due to a $5.249M loss on sales and write-downs of other real estate owned, and total assets decreased 2.8% from year-end 2025 to $8.203B, reflecting a drop in cash and cash equivalents.

  • · Cash and cash equivalents fell 64.7% from $553.712M at Dec 31, 2025 to $195.325M at June 30, 2026.
  • · Total loans and leases held for investment grew 1.8% to $7.042B from $6.915B.
  • · Allowance for credit losses on loans and leases increased to $89.967M from $88.165M.
  • · Noninterest-bearing deposits increased 2.2% to $1.464B, while interest-bearing deposits decreased 3.3% to $5.469B.
  • · Long-term debt decreased 37.5% to $125.000M from $200.000M.
  • · Accumulated other comprehensive loss widened to $26.728M from $25.467M.
  • · Restructuring charges of $427K were recorded in H1 2026 (none in H1 2025).
  • · Net loss on sales and write-downs of other real estate owned was $5.249M in Q2 2026 vs $0 in Q2 2025.
  • · Net gain on mortgage banking activities increased 37.2% to $1.346M in Q2 2026 from $0.981M.
  • · Trust fee income grew 6.4% to $2.283M in Q2 2026.
CTS CORP 10-Q mixed materiality 7/10

28-07-2026

CTS Corp reported net sales of $144.78M for Q2 2026, up 7.0% from $135.31M in Q2 2025, and net earnings of $19.16M versus $18.53M, a 3.4% increase. For the first half of 2026, net sales rose 8.8% to $284.01M and net earnings grew 14.0% to $36.36M. However, selling, general and administrative expenses increased sharply by 23.0% in Q2 and 16.4% in the six-month period, while other income swung to a net expense, partially offsetting operating gains.

  • · Gross margin improved to $60.05M in Q2 2026 from $52.43M in Q2 2025, a 14.5% increase.
  • · Restructuring charges decreased to $94K in Q2 2026 from $297K in Q2 2025.
  • · Interest expense fell to $704K in Q2 2026 from $1.12M in Q2 2025, a 37.2% decline.
  • · Other (expense) income, net swung to a loss of $430K in Q2 2026 from a gain of $750K in Q2 2025.
  • · Income tax expense rose sharply to $7.07M in Q2 2026 from $4.46M in Q2 2025, a 58.8% increase, and to $11.55M in H1 2026 from $7.21M in H1 2025, a 60.2% increase.
  • · Cash dividends remained flat at $0.04 per share quarterly and $0.08 per share for the six-month period.
  • · Net cash provided by operating activities increased to $50.74M in H1 2026 from $43.87M in H1 2025.
  • · Capital expenditures rose to $9.58M in H1 2026 from $7.75M in H1 2025.
  • · Treasury stock purchases totaled $11.97M in H1 2026, down from $22.99M in H1 2025.
  • · Goodwill decreased slightly to $208.06M as of June 30, 2026 from $209.61M at December 31, 2025.
  • · Other intangible assets, net declined to $144.07M from $153.56M.
  • · Operating lease assets increased to $32.14M from $22.54M, and corresponding lease obligations rose to $34.89M from $25.29M.
  • · Contract assets (unbilled receivables) were $5.97M at June 30, 2026, down from $6.69M at December 31, 2025.
  • · Contract liabilities (customer advances) were $1.01M at June 30, 2026, down from $1.63M at December 31, 2025.
  • · Allowance for credit losses decreased to $673K at June 30, 2026 from $910K at December 31, 2025.
OSHKOSH CORP 10-Q mixed materiality 8/10

28-07-2026

Oshkosh Corp reported Q3 FY2026 net sales of $2,915.1M, up 6.7% YoY from $2,732.1M, driven by higher volumes. However, operating income declined 16.6% to $243.2M from $291.7M, and net income fell 10.5% to $183.2M from $204.8M, as gross margin compressed significantly. For the first six months, net sales rose 3.7% to $5,232.9M, but net income dropped 28.6% to $226.3M from $317.0M, reflecting cost pressures and lower profitability.

  • · Q3 FY2026 gross margin fell to 16.5% from 19.2% in Q3 FY2025, a decline of 270 basis points.
  • · H1 FY2026 gross margin fell to 15.1% from 18.3% in H1 FY2025, a decline of 320 basis points.
  • · Selling, general and administrative expenses rose 4.4% YoY in Q3 to $222.7M and 3.3% YoY in H1 to $438.3M.
  • · Interest expense increased 2.0% YoY in Q3 to $30.7M and 6.0% YoY in H1 to $60.5M.
  • · The effective tax rate in Q3 FY2026 was 16.9% vs 24.1% in Q3 FY2025, a significant decrease.
  • · Share repurchases totaled $138.9M in H1 FY2026, more than double the $68.7M in H1 FY2025.
  • · Dividends paid increased to $71.0M in H1 FY2026 from $65.7M in H1 FY2025.
  • · Total debt (current + long-term) increased to $1,102.8M as of June 30, 2026 from $1,100.9M as of December 31, 2025, but the composition shifted heavily to current maturities ($502.2M vs $0.6M).
  • · Accumulated other comprehensive income swung from a positive $6.4M to a loss of $12.8M, driven by negative currency translation adjustments of $17.3M in H1 FY2026.
  • · Inventories decreased 2.8% to $2,308.5M from $2,375.0M at year-end 2025.
HUNTINGTON BANCSHARES INC /MD/ 10-Q mixed materiality 8/10

28-07-2026

Huntington Bancshares reported strong Q2 2026 results, with net income attributable to common shares up 35% YoY to $686M, driven by a 40% increase in net interest income to $2,052M and a 67% surge in noninterest income to $785M. However, basic EPS declined 3% to $0.34 due to a 39% increase in average diluted shares from the Cadence Bank acquisition, and the efficiency ratio worsened to 61.5% from 59.0% as noninterest expense grew 51%.

  • · Acquisition-related expenses totaled $152M in Q2 2026 and $415M in H1 2026, primarily in personnel costs and outside data processing.
  • · Average total assets grew 37% YoY to $284.5B in Q2 2026, largely due to the Cadence Bank acquisition.
  • · Average total loans and leases increased 42% YoY to $189.3B, with commercial real estate surging 122% and C&I up 52%.
  • · Noninterest income saw a 67% YoY increase, driven by capital markets and advisory fees (+67%), mortgage banking income (+89%), and net gains on securities (vs losses in prior year).
  • · The efficiency ratio deteriorated to 61.5% from 59.0% in Q2 2025, indicating higher costs relative to revenue.
  • · Return on average tangible common shareholders' equity declined to 15.1% from 16.1% in Q2 2025.
  • · Cash dividends declared per common share remained flat at $0.155 per quarter.
  • · Average noninterest-bearing demand deposits grew 37% YoY to $40.0B, but as a percentage of total deposits they declined slightly.
WELLTOWER INC. 10-Q mixed materiality 9/10

28-07-2026

Welltower Inc. reported strong financial results for Q2 2026, with total revenues of $3.54B for the quarter, up 39.1% YoY from $2.55B, driven primarily by a 51.4% surge in resident fees and services to $2.98B. Net income attributable to common stockholders rose 47.4% YoY to $445M, and diluted EPS increased to $0.61 from $0.45. However, the company experienced a significant decline in cash and cash equivalents, which fell 61.0% from $5.03B at year-end 2025 to $1.97B at June 30, 2026, largely due to heavy acquisition spending of $6.32B in the first half of 2026. Additionally, total comprehensive income attributable to common stockholders decreased 17.9% YoY to $365.8M for the quarter, impacted by negative foreign currency translation and hedging losses.

  • · Rental income declined 4.8% YoY to $459.7M in Q2 2026 from $483.0M in Q2 2025.
  • · Interest income increased 24.7% YoY to $77.4M in Q2 2026.
  • · Property operating expenses rose 41.9% YoY to $2.15B in Q2 2026.
  • · Depreciation and amortization expense increased 49.0% YoY to $737.8M in Q2 2026.
  • · Interest expense grew 28.9% YoY to $181.9M in Q2 2026.
  • · Impairment of assets was $25.8M in Q2 2026, up from $19.9M in Q2 2025.
  • · Gain on real estate dispositions and acquisitions of controlling interests was $98.5M in Q2 2026, compared to $14.9M in Q2 2025.
  • · Net cash provided from operating activities was $1.67B for H1 2026, up 22.3% from $1.37B in H1 2025.
  • · Net cash used in investing activities was $6.07B for H1 2026, compared to $3.43B in H1 2025.
  • · Net cash provided from financing activities was $1.33B for H1 2026, down 51.0% from $2.73B in H1 2025.
  • · Total cash invested in real property (net of cash acquired) was $7.08B in H1 2026, nearly double the $3.65B in H1 2025.
  • · The Seniors Housing Operating segment accounted for $5.51B of total cash invested in real property in H1 2026.
  • · Foreign currency translation loss was $11.8M in Q2 2026 vs a gain of $560.4M in Q2 2025.
  • · Derivative and financial instruments designated as hedges loss was $70.0M in Q2 2026 vs a loss of $413.8M in Q2 2025.
  • · Unsecured credit facility and commercial paper balance remained at $0 at both June 30, 2026 and December 31, 2025.
RELIANCE, INC. 10-Q positive materiality 8/10

28-07-2026

Reliance, Inc. (RS) reported strong Q2 FY2026 results with net sales of $4,630.0M, up 26.5% YoY from $3,659.8M, and net income attributable to Reliance of $322.9M, up 38.2% from $233.7M. However, the company experienced a foreign currency translation loss of $2.9M in Q2 versus a gain of $27.7M in the prior year, and diluted EPS growth of 42.3% to $6.29 was partially offset by a 3.0% decline in weighted average diluted shares outstanding to 51,375.

  • · Depreciation and amortization remained nearly flat at $69.5M in Q2 2026 vs $69.7M in Q2 2025.
  • · Interest expense increased 27.3% to $18.2M in Q2 2026 from $14.3M in Q2 2025.
  • · Accounts receivable rose to $2,210.4M as of June 30, 2026 from $1,539.9M at December 31, 2025, a 43.5% increase.
  • · Inventories increased to $2,325.4M from $2,187.8M over the same period.
  • · Long-term debt increased to $1,663.9M from $1,420.2M, a 17.2% rise.
  • · Cash dividends declared per common share increased to $1.25 in Q2 2026 from $1.20 in Q2 2025.
  • · Share repurchases in H1 2026 were $234.2M, down 29.7% from $333.1M in H1 2025.
  • · Foreign currency translation resulted in a loss of $2.9M in Q2 2026 vs a gain of $27.7M in Q2 2025.
  • · Net cash provided by operating activities increased 6.9% to $313.6M in H1 2026 from $293.5M in H1 2025.
  • · Capital expenditures (purchases of PP&E) decreased to $157.6M in H1 2026 from $174.5M in H1 2025.
ABBOTT LABORATORIES 10-Q mixed materiality 9/10

28-07-2026

Abbott Laboratories reported Q2 2026 net sales of $12,593M, up 13.0% YoY from $11,142M, and H1 2026 net sales of $23,757M, up 10.5% YoY from $21,500M. However, net earnings declined sharply: Q2 net earnings fell 47.8% YoY to $928M (from $1,779M), and H1 net earnings dropped 35.4% to $2,005M (from $3,104M), driven by a significant increase in operating expenses, particularly amortization of intangible assets (+56.7% in Q2) and selling, general, and administrative expenses (+30.2% in Q2). The company also completed a major acquisition, spending $19,962M on acquisitions of businesses and technologies in H1 2026 versus $30M in the prior year, which contributed to a sharp decline in cash and cash equivalents from $8,522M at year-end 2025 to $5,104M at June 30, 2026.

  • · Total assets surged 25.9% to $109,215M from $86,713M at year-end 2025, largely due to a major acquisition.
  • · Long-term debt more than tripled to $29,603M from $9,896M, reflecting debt issuance of $19,827M in H1 2026.
  • · Cash flow from operations improved to $3,803M in H1 2026 from $3,464M in H1 2025, a 9.8% increase.
  • · Share repurchases increased significantly: $1,225M in H1 2026 vs. $286M in H1 2025.
  • · Dividends per share increased 6.8% to $1.26 in H1 2026 from $1.18 in H1 2025.
  • · Intangible assets, net, rose to $17,211M from $5,526M, and goodwill increased to $35,244M from $24,035M, consistent with acquisition activity.
  • · The effective tax rate increased sharply: Q2 2026 taxes on earnings were $596M (39.1% of pretax earnings) vs. $371M (17.3%) in Q2 2025.
  • · Net foreign exchange had a negligible impact in both periods.
Huron Consulting Group Inc. 10-Q mixed materiality 8/10

28-07-2026

Huron Consulting Group reported strong financial results for Q2 2026, with total revenues of $475.0M (up 15.4% YoY) and net income of $31.2M (up 60.7% YoY). However, the company experienced negative operating cash flow of -$41.7M in the first half of 2026, compared to -$26.8M in the prior year period, driven by a significant increase in unbilled services and a large decrease in accrued payroll. Additionally, the company's stockholders' equity declined sharply from $528.6M at year-end 2025 to $384.8M, primarily due to $208.6M in share repurchases during the six-month period.

  • · Goodwill increased to $804.9M as of June 30, 2026, up from $786.9M at year-end 2025, driven by $18.6M in acquisitions.
  • · The Healthcare segment holds the largest goodwill balance at $529.6M, followed by Commercial ($124.4M) and Education ($150.9M).
  • · Total debt increased significantly to $832.8M (current + long-term) as of June 30, 2026, from $509.7M at December 31, 2025.
  • · The company repurchased 1,553,262 shares for $208.6M in H1 2026, compared to 938,280 shares for $133.9M in H1 2025.
  • · Operating income grew 10.1% to $50.2M in Q2 2026 from $45.7M in Q2 2025.
  • · Interest expense increased to $11.9M in Q2 2026 from $9.3M in Q2 2025, reflecting higher debt levels.
  • · The effective tax rate for H1 2026 was 22.1% vs 10.6% in H1 2025.
Piedmont Realty Trust, Inc. 10-Q materiality 6/10

28-07-2026

Expro Ltd 10-Q materiality 6/10

28-07-2026

BRANDYWINE OPERATING PARTNERSHIP, L.P. 10-Q mixed materiality 8/10

28-07-2026

Brandywine Operating Partnership, L.P. reported a net loss of $31.5M for Q2 2026, significantly improved from a net loss of $88.9M in Q2 2025, driven by the absence of a $63.4M impairment charge recorded in the prior year. Total revenue increased 6.9% to $128.9M, while interest expense rose 29.6% to $41.9M. For the six-month period, net loss narrowed to $80.3M from $116.0M, though operating cash flow improved modestly to $45.8M from $40.7M.

  • · Basic loss per share improved to $(0.18) in Q2 2026 from $(0.51) in Q2 2025.
  • · Total assets decreased to $3.54B as of June 30, 2026 from $3.59B at December 31, 2025.
  • · Total liabilities increased to $2.84B from $2.79B over the same period.
  • · Unsecured credit facility had $149.0M outstanding as of June 30, 2026, up from $0 at year-end 2025.
  • · Cash and cash equivalents increased to $37.9M from $32.3M at year-end 2025.
  • · Distributions declared per share were $0.08 in Q2 2026, down from $0.15 in Q2 2025.
  • · Capital expenditures for tenant improvements were $33.2M in H1 2026, down from $39.5M in H1 2025.
  • · Investment in unconsolidated real estate ventures increased to $336.9M from $314.3M at year-end 2025.
  • · Assets held for sale, net were $232.9M as of June 30, 2026, compared to $0 at year-end 2025.
  • · Equity in loss of unconsolidated real estate ventures was $8.7M in Q2 2026, improved from $14.8M in Q2 2025.
NEOGENOMICS INC 10-Q mixed materiality 8/10

28-07-2026

NeoGenomics reported Q2 2026 net revenue of $201.7M, up 11.2% YoY from $181.3M, and swung to a net income of $2.2M versus a net loss of $45.1M in Q2 2025, driven by a $11.2M gain on debt extinguishment and the absence of a $20.0M impairment charge. However, operating loss improved to $9.8M from $47.6M, and for the six-month period the company still reported a net loss of $14.9M. Cash and cash equivalents decreased to $145.5M from $159.6M at year-end 2025, and the company repurchased $25.0M of common stock during the quarter.

  • · Q2 2026 gross profit was $91.9M, up 18.9% from $77.3M in Q2 2025.
  • · General and administrative expenses decreased 11.3% YoY to $63.6M from $71.7M.
  • · Research and development expenses increased 19.3% YoY to $10.8M from $9.0M.
  • · Sales and marketing expenses increased 13.3% YoY to $27.3M from $24.1M.
  • · Operating cash flow was positive $11.8M in H1 2026 vs negative $5.0M in H1 2025.
  • · Capital expenditures were $13.2M in H1 2026 vs $10.8M in H1 2025.
  • · The company had no impairment charges in H1 2026 vs $20.0M in H1 2025.
  • · Weighted average diluted shares outstanding for Q2 2026 were 130.8M vs 127.9M in Q2 2025.
AMERICAN TOWER CORP /MA/ 10-Q mixed materiality 8/10

28-07-2026

American Tower reported strong Q2 2026 results with total operating revenue of $2.75B for the quarter, up 4.7% YoY, and net income attributable to common stockholders of $867.5M, more than doubling from $366.8M in Q2 2025. However, services revenue declined sharply by 38.4% to $61.3M, and the company's total equity decreased slightly to $10.25B from $10.36B at year-end 2025, while long-term obligations were reduced to $31.96B.

  • · Net income per diluted share (EPS) for Q2 2026 was $1.86, up from $0.78 in Q2 2025.
  • · For H1 2026, diluted EPS was $3.70 vs $1.83 in H1 2025.
  • · Interest expense for Q2 2026 was $354.5M, up 3.5% from $342.6M in Q2 2025.
  • · Other income (expense) swung to a gain of $53.8M in Q2 2026 from a loss of $373.9M in Q2 2025, largely due to favorable foreign currency movements.
  • · Cash used for financing activities was $1.80B in H1 2026 vs $1.75B in H1 2025.
  • · The company repurchased $202.9M of common stock in H1 2026 (1,164 thousand shares), compared to zero in H1 2025.
  • · Distributions paid on common stock totaled $1.64B in H1 2026, up 4.9% from $1.56B in H1 2025.
  • · Goodwill decreased slightly to $12.18B from $12.26B at year-end 2025.
  • · Other intangible assets, net declined to $13.98B from $14.53B at year-end 2025.
  • · The company sold its Bangladesh partnership, impacting noncontrolling interests by $(13.2)M.
Nautilus Biotechnology, Inc. 10-Q mixed materiality 7/10

28-07-2026

Nautilus Biotechnology reported minimal revenue of $190K for Q2 2026 (vs. $0 in Q2 2025), driven by grant and service revenue, but remains pre-commercial with a net loss of $14.5M for the quarter. Operating expenses declined 6.8% YoY to $15.9M, while total cash and investments fell to $129.2M from $156.1M at year-end 2025, reflecting ongoing cash burn. The company's accumulated deficit widened to $361.2M, and total stockholders' equity dropped 16.5% to $131.1M.

  • · Net loss per share improved to $(0.11) in Q2 2026 from $(0.12) in Q2 2025, and to $(0.23) in H1 2026 from $(0.25) in H1 2025.
  • · Stock-based compensation expense decreased 32.0% YoY to $1.2M in Q2 2026 and 34.8% YoY to $2.5M in H1 2026.
  • · Interest income fell sharply by 37.2% YoY to $1.3M in Q2 2026 and by 36.2% YoY to $2.7M in H1 2026, reflecting lower investment balances.
  • · Total liabilities decreased 4.9% to $32.5M from $34.1M at year-end 2025.
  • · The company had no debt or preferred stock outstanding.
  • · Accumulated other comprehensive income swung to a loss of $(331K) from a gain of $243K at year-end 2025.
  • · Operating lease right-of-use assets declined 7.8% to $25.6M from $27.8M.
  • · Property and equipment, net increased 15.7% to $4.0M from $3.5M at year-end 2025.
STAG Industrial, Inc. 10-Q mixed materiality 8/10

28-07-2026

STAG Industrial, Inc. reported Q2 2026 total revenue of $224.4M, up 8.1% YoY from $207.6M, driven by rental income growth. Net income attributable to common stockholders rose to $52.9M from $50.0M in Q2 2025, with EPS increasing to $0.28 from $0.27. However, for the first six months of 2026, net income attributable to common stockholders declined to $114.8M from $141.3M in the prior-year period, primarily due to a significant decrease in gains on sales of rental property ($23.4M vs $55.6M).

  • · Interest expense increased to $37.5M in Q2 2026 from $33.6M in Q2 2025, a rise of 11.6% YoY.
  • · Cash and cash equivalents surged to $65.9M as of June 30, 2026 from $14.9M at December 31, 2025.
  • · Net cash provided by operating activities for H1 2026 was $228.4M, up from $215.4M in H1 2025.
  • · The company paid dividends and distributions of $0.39 per share/unit in Q2 2026, up from $0.37 in Q2 2025.
  • · Acquisitions of land and buildings and improvements totaled $334.5M in H1 2026, compared to $57.9M in H1 2025.
  • · Total debt increased to $3.4B as of June 30, 2026 from $3.3B at December 31, 2025, driven by higher unsecured credit facility borrowings.
HIGHWOODS REALTY LTD PARTNERSHIP 10-Q mixed materiality 8/10

28-07-2026

Highwoods Realty Ltd Partnership filed its Form 10-Q for the quarter ended June 30, 2026, reporting a significant increase in net income available for common stockholders to $93.474M for Q2 2026 from $18.27M in Q2 2025, driven largely by $79.024M in gains on disposition of property. However, rental and other revenues grew only 7.9% to $216.379M, while interest expense rose 10.7% to $41.694M, and equity in earnings of unconsolidated affiliates turned to a loss of $0.414M from a gain of $0.31M in the prior-year quarter.

  • · Total assets increased to $6.472B as of June 30, 2026 from $6.274B at December 31, 2025.
  • · Total liabilities decreased slightly to $3.821B from $3.838B over the same period.
  • · Noncontrolling interests in consolidated affiliates surged to $198.05M from $3.897M, primarily due to $197.202M in contributions.
  • · Dividends on common stock totaled $55.151M in Q2 2026 ($0.50 per share) and $110.112M in H1 2026 ($1.00 per share).
  • · Share-based compensation expense was $7.4M for H1 2026 vs $6.277M for H1 2025.
  • · The company had $53.9M in real estate and other assets held for sale as of June 30, 2026, up from $23.201M at year-end 2025.
  • · Accumulated other comprehensive loss increased to $2.625M from $2.494M.
  • · Distributions in excess of net income available for common stockholders improved to $855.358M from $870.083M.
Knowles Corp 10-Q positive materiality 8/10

28-07-2026

Knowles Corp reported strong financial results for Q2 2026, with revenues of $166.8M, up 14.3% YoY from $145.9M, and net earnings of $19.4M compared to $7.8M in the prior year quarter. For the six-month period, revenues rose 15.0% to $319.9M and net earnings surged to $29.1M from $5.8M. However, operating cash flow declined 27.1% to $27.5M for the six months, and the company continued share repurchases ($22.5M in H1 2026) while cash reserves fell to $49.6M from $54.2M at year-end.

  • · Gross profit margin improved to 44.7% in Q2 2026 from 41.5% in Q2 2025.
  • · Operating earnings more than doubled to $24.7M in Q2 2026 from $14.7M in Q2 2025.
  • · Interest expense, net decreased to $1.7M in Q2 2026 from $2.5M in Q2 2025.
  • · Capital expenditures increased to $17.3M in H1 2026 from $9.1M in H1 2025.
  • · Discontinued operations contributed $1.0M in Q2 2026 vs. $0 in Q2 2025, but a loss of $0.6M for H1 2026.
  • · Total assets grew to $1,076.0M at June 30, 2026 from $1,051.1M at December 31, 2025.
  • · Long-term debt increased to $131.0M from $114.0M at year-end 2025.
  • · Accumulated deficit improved to ($540.3M) from ($569.4M) at December 31, 2025.
EXPAND ENERGY Corp 10-Q mixed materiality 9/10

28-07-2026

Expand Energy Corp reported net income of $522M for Q2 2026, down 46% from $968M in Q2 2025, while H1 2026 net income surged to $1,681M from $719M in H1 2025. Total revenues and other for Q2 2026 fell 20% to $2,960M from $3,690M in the prior-year quarter, driven by lower natural gas, oil and NGL revenue ($1,830M vs $2,021M) and lower marketing revenue ($681M vs $788M). However, the company reduced long-term debt by $1,324M to $3,685M and repurchased $535M of common stock in Q2 2026, while operating cash flow improved to $3,498M for H1 2026 from $2,418M in H1 2025.

  • · Total assets decreased slightly to $28,030M as of June 30, 2026 from $28,287M at December 31, 2025.
  • · Current liabilities increased to $2,965M from $2,901M, while total liabilities decreased to $8,620M from $9,709M.
  • · The company held no outstanding balance on its credit facility at both June 30, 2026 and December 31, 2025.
  • · Capital expenditures for H1 2026 were $1,460M, up from $1,220M in H1 2025.
  • · Proceeds from warrant exercise were $15M in H1 2026 vs $22M in H1 2025.
  • · The company paid $279M in common stock dividends in both H1 2026 and H1 2025.
  • · Deferred income tax expense increased to $465M in H1 2026 from $134M in H1 2025.
  • · Gains on purchases, exchanges or extinguishments of debt were $37M in H1 2026 vs $3M in H1 2025.
  • · Other current liabilities decreased to $1,944M from $2,045M, primarily due to lower revenues and royalties due to others ($875M vs $972M).
  • · The company's effective tax rate for H1 2026 was 22.2% (income tax expense $480M on pre-tax income $2,161M) vs 20.9% in H1 2025 ($190M on $909M).
INCYTE CORP 10-Q positive materiality 9/10

28-07-2026

Incyte Corp reported strong financial results for Q2 and H1 2026, with total revenues of $1.674B for Q2 2026 (up 37.7% YoY) and $2.947B for H1 2026 (up 29.9% YoY). Net income surged to $585.6M in Q2 2026 (up 44.6% YoY) and $888.9M in H1 2026 (up 57.9% YoY), driven by robust net sales growth across key products, particularly OPZELURA and ZYNYZ. However, the company reported an asset impairment charge of $23.2M in H1 2026, and other comprehensive income turned negative at -$5.7M for H1 2026 versus +$26.6M in the prior year period.

  • · Diluted EPS for Q2 2026 was $2.81, up from $2.04 in Q2 2025; for H1 2026 it was $4.28, up from $2.84 in H1 2025.
  • · Total assets increased to $7.873B as of June 30, 2026 from $6.958B at December 31, 2025.
  • · Total liabilities decreased to $1.528B from $1.790B over the same period.
  • · Retained earnings swung from $213.8M at Dec 31, 2025 to $1.103B at June 30, 2026.
  • · The company reported a $23.2M asset impairment charge in H1 2026 (none in H1 2025).
  • · Other comprehensive loss was $5.7M in H1 2026 vs a gain of $26.6M in H1 2025, driven by foreign currency translation losses and unrealized losses on marketable securities.
  • · TABRECTA product royalty revenues declined 2.9% in H1 2026 vs H1 2025.
  • · Cash paid for income taxes was only $6.4M in H1 2026 vs $177.9M in H1 2025, a significant decrease.
  • · The company had no contract dispute settlement costs in 2026 vs a $242.3M benefit in Q2 2025.
Mondelez International, Inc. 10-Q positive materiality 8/10

28-07-2026

Mondelez International reported strong Q2 2026 results with net revenues of $9,355M (up 4.1% YoY from $8,984M) and net earnings attributable to the company of $1,548M (up 141.5% YoY from $641M). For the six months, net revenues rose 6.2% to $19,435M and net earnings doubled to $2,108M. However, operating cash flow declined 5.6% to $1,322M for the six months, and the company's cash and cash equivalents balance fell 19.2% to $1,716M from $2,125M at year-end 2025.

  • · Cost of sales decreased to $5,369M in Q2 2026 from $6,047M in Q2 2025, a decline of 11.2%.
  • · Gross profit margin improved significantly to 42.6% in Q2 2026 from 32.7% in Q2 2025.
  • · Selling, general and administrative expenses increased 16.0% to $2,001M in Q2 2026 from $1,725M in Q2 2025.
  • · Benefit plan non-service income swung from a $264M expense in Q2 2025 to $27M income in Q2 2026.
  • · Total assets decreased slightly to $71,247M at June 30, 2026 from $71,487M at December 31, 2025.
  • · Total liabilities decreased to $44,555M at June 30, 2026 from $45,596M at December 31, 2025.
  • · Capital expenditures increased 12.4% to $654M in H1 2026 from $582M in H1 2025.
  • · Dividend per share increased to $1.000 in H1 2026 from $0.940 in H1 2025, a 6.4% increase.
  • · Net cash used in financing activities increased to $1,039M in H1 2026 from $862M in H1 2025.
  • · Inventories remained relatively flat at $4,405M at June 30, 2026 vs $4,419M at December 31, 2025.
Kiniksa Pharmaceuticals International, plc 10-Q positive materiality 8/10

28-07-2026

Kiniksa Pharmaceuticals reported strong financial results for Q2 2026, with total revenue of $243.6M (up 55.4% YoY) and net income of $25.4M (up 42.6% YoY). For the first half of 2026, revenue reached $457.9M (up 55.4% YoY) and net income was $48.0M (up 82.1% YoY). However, the company recorded an unrealized loss on short-term investments of $1.4M (net of tax) for H1 2026, compared to a gain of $0.1M in the prior period, and accumulated other comprehensive loss worsened from ($25K) to ($1.4M).

  • · Product revenue, net was $243.6M in Q2 2026 vs $156.8M in Q2 2025; $457.9M in H1 2026 vs $294.6M in H1 2025.
  • · Cost of goods sold was $23.6M in Q2 2026 (9.7% of revenue) vs $18.6M in Q2 2025 (11.9% of revenue).
  • · Collaboration expenses were $88.1M in Q2 2026 vs $52.4M in Q2 2025.
  • · Research and development expenses were $40.9M in Q2 2026 vs $18.8M in Q2 2025.
  • · Selling, general and administrative expenses were $63.9M in Q2 2026 vs $46.9M in Q2 2025.
  • · Income from operations was $27.2M in Q2 2026 vs $20.2M in Q2 2025.
  • · Basic EPS was $0.33 in Q2 2026 vs $0.24 in Q2 2025; diluted EPS was $0.30 vs $0.23.
  • · Total assets were $896.1M as of June 30, 2026, up from $763.6M at December 31, 2025.
  • · Total liabilities were $242.0M as of June 30, 2026, up from $196.0M at December 31, 2025.
  • · Accumulated deficit improved to ($414.1M) from ($462.1M) at year-end 2025.
  • · Unrealized loss on short-term investments and currency translation was ($1.4M) for H1 2026 vs a gain of $0.1M in H1 2025.
  • · Share-based compensation expense was $21.7M in H1 2026 vs $16.6M in H1 2025.
Element Solutions Inc 10-Q mixed materiality 9/10

28-07-2026

Element Solutions Inc reported strong Q2 2026 results with net sales of $977.9M, up 56.4% YoY from $625.2M, driven by acquisitions (EFC and Micromax) completed in early 2026. Net income attributable to common stockholders rose to $77.3M from $47.4M in Q2 2025. However, for the six-month period, net income declined to $133.2M from $145.4M, impacted by a prior-year gain on divestitures of $66.6M. Operating cash flow fell sharply to $33.0M from $98.6M, reflecting significant working capital outflows for inventory and receivables buildup.

  • · The company completed the EFC Acquisition on January 2, 2026 and the Micromax Acquisition on February 2, 2026, which contributed to the revenue growth.
  • · On July 6, 2026, Element Solutions entered into a definitive merger agreement to be acquired by Solstice Advanced Materials Inc. (Solstice Transaction).
  • · Total debt increased to $2,119.4M (including current installments) at June 30, 2026 from $1,625.9M at December 31, 2025, primarily due to borrowings for acquisitions.
  • · Goodwill increased to $2,537.4M from $2,241.9M, reflecting acquisition-related allocations.
  • · The company paid dividends of $0.08 per share in both Q2 2026 and Q2 2025, totaling $20.0M and $19.7M respectively.
  • · No share repurchases occurred in H1 2026, compared to $19.4M in H1 2025.
SONOCO PRODUCTS CO 10-Q materiality 6/10

28-07-2026

NXP Semiconductors N.V. 10-Q positive materiality 8/10

28-07-2026

NXP Semiconductors N.V. reported strong financial results for the six months ended June 28, 2026, with net income more than doubling to $1,915M from $954M in the prior-year period, driven by a $627M net gain on asset sales. Total comprehensive income attributable to stockholders rose to $1,810M from $1,122M. However, the company experienced a decline in cash and cash equivalents to $3,222M from $3,267M at year-end 2025, and total liabilities decreased to $14,904M from $16,109M, reflecting significant debt reduction.

  • · Net cash provided by operating activities increased to $1,653M from $1,344M in the prior-year six-month period.
  • · Capital expenditures on property, plant and equipment decreased to $148M from $222M.
  • · The company repurchased $1,251M of long-term debt during the six-month period.
  • · Dividends paid to common stockholders were $512M ($1.014 per share) for the six months.
  • · Goodwill remained relatively stable at $10,268M as of June 28, 2026, compared to $10,299M at year-end 2025.
  • · Accumulated deficit turned positive to $10M from a deficit of $1,354M at December 31, 2025.

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